diff --git "a/reddit_finance_43_250k_73.txt" "b/reddit_finance_43_250k_73.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_73.txt" @@ -0,0 +1,10000 @@ + +Cashflow statement is attractive aswell; [Aritzia Inc. (ATZ.TO) Cash Flow - Yahoo Finance - Yahoo Finance](https://ca.finance.yahoo.com/quote/ATZ.TO/cash-flow?p=ATZ.TO) + +&#x200B; + +I have had this stock on my watchlist for a while, and with talks of US expansion in the coming years, I am becoming very bullish on aritzia. Would love to hear what this community thinks. +Update part 1.2: [https://www.reddit.com/r/Superstonk/comments/o28xhx/whats\_the\_deal\_with\_reverse\_repos\_anyway\_dd\_part/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o28xhx/whats_the_deal_with_reverse_repos_anyway_dd_part/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) —————————- + +# Let’s talk about the Fed + +The Federal Reserve’s (the Fed’s) responsibilities as the nation’s central bank fall into four main categories: **monetary policy, provision of emergency liquidity through the lender of last resort function, supervision of certain types of banks and other financial firms for safety and soundness, and provision of payment system services to financial firms and the government**. + +Congress has delegated responsibility for **monetary policy** to the Fed. Monetary policy can be used to stabilize business cycle fluctuations (alternating periods of economic expansions and recessions) in the short run, while it mainly affects inflation in the long run. **Monetary policy** refers to the actions the Fed undertakes to influence the availability and cost of money and credit to promote the goals mandated by Congress, a stable price level and maximum sustainable employment\*\*.\*\* The Fed targets the **federal funds rate** to carry out monetary policy. The **federal funds rate** is determined in the private market for overnight reserves of depository institutions (called the federal funds market). At the end of a given period, usually a day, depository institutions must calculate how many dollars of reserves they want or need to hold against their reservable liabilities (deposits). + +The Fed’s conventional tool for monetary policy is to target the federal funds rate—the overnight, interbank lending rate. Some institutions may discover a reserve shortage (too few reservable assets relative to those they want to hold), whereas others may have reservable assets in excess of their wants. These reserves can be borrowed and lent on an overnight basis in a private market called the **federal funds market**. The interest rate in this market is called the **federal funds rate**. + +* If it wishes to expand money and credit, the Fed will lower the target, which encourages more lending activity and, thus, greater demand in the economy. +* If it wishes to tighten money and credit, the Fed will raise the target. The federal funds rate is linked to the interest rates that banks and other financial institutions charge for loans. Thus, whereas the Fed may directly influence only a very short-term interest rate, this rate influences other longer-term rates. However, this relationship is far from being on a one-to-one basis because longer-term market rates are influenced not only by what the Fed is doing today, but also by what it is expected to do in the future and by what inflation is expected to be in the future. + +The Federal Reserve uses two methods to maintain its target for the federal funds rate: + +* The Fed can also change the two interest rates it administers directly by fiat, the rate it charges to borrowers and the rate it pays to depositors. +* Traditionally, the Fed primarily relied on open market operations, which involves the Fed buying existing U.S. Treasury securities in the secondary market (i.e., those that have already been issued and sold to private investors). Outright purchases of securities were used from 2009 to 2014. Because of the large increase in bank reserves caused by, open market operations alone can no longer effectively maintain the federal funds target. Normal open market operations are typically conducted through **repos** instead. + +# When the Fed wishes to add liquidity to the banking system, it enters into repos. When it wishes to remove liquidity, the Fed enters into reverse repos. + +In a **repo operation**, the Fed lends overnight by providing cash against the collateral of securities. A **reverse repo** goes the other way: the Fed borrows overnight by receiving cash from its lenders while providing them securities as collateral. + +# Finally, we can talk about Reverse Repos and its significance to the current state of the markets, but first we must address the Debt Ceiling issue. + +The **debt ceiling** is the maximum amount the U.S. government can borrow, as directed by Congress, to meet its financial obligations. When the ceiling is reached, the Treasury cannot issue any more bills, bonds, or notes. It can only pay bills through tax revenues. + +Congress previously agreed to suspend the limit through July 31, at which point the Treasury has only a few months of “extraordinary measures” before lawmakers must either raise the amount, or face consequences of **technical default**. + +It has a target cash balance of $450 billion at the so-called Treasury General Account (TGA) on July 31. As of June 9, the Treasury’s cash balance was $674 billion, down from $1.8 trillion last October. It is not allowed to run up its cash balances ahead of the debt ceiling, because doing so is viewed as circumventing the borrowing limit. It has more than a month to pare back its cash, unless Congress raises or suspends the U.S. debt limit. + +As the Treasury spends money from its general account, the cash ends up on bank balance sheets, often in the form of **money market funds**. With front money market yields so low – in some cases on the cusp of falling below zero — investors have opted to place cash with the Fed’s reverse repurchase facility, which pays zero interest rates. + +There is so much cash at the front of the curve and low T-Bill supply from the TGA pay down that money market funds have no where else to go but the Fed **reverse repos**. It is less painful than potentially have to earn negative rates on your cash. + +Imagine you are a money market fund manager and you have $500 million cash. This cash came from a bank like Goldman who is looking to reduce its balance sheet constraint from a recent large deposit from a client and is charging deposit fees (negative rates). Ok so now what? I have all this cash and will have to pay this fee to Goldman unless I do something with it. Since there are no interest options given the abundance of cash across the market, you go to the reverse repo at 0% Better than earning nothing and having to pay fees right? Why not just buy t-bills if you are a MMF? Well, because of the TGA pay down due to the **debt ceiling**, there is just not enough bill supply out there. + +On top of that you add the money that people have been injecting into the banks, due to the fed printing money in the form of **stimulus**, and the American people have more money parked in the big banks than ever before. The big banks are currently losing money on interest payments because of all this money. The banks don't want all this money, so they perform repo contracts with the FED. The banks and the fed are using the repo market as a way to keep interest rates within their targets and control the amount of liquidity they both have. The FED wants to keep printing money to keep the economy running and the banks want to get rid of the printed money to keep the lights on. + +# All of the above has led to this: + +&#x200B; + +&#x200B; + +https://preview.redd.it/h29sjv3hqx571.png?width=1278&format=png&auto=webp&s=74efb03d8265a77b7ca42c35246b9b05b13b5deb + +# Fucking TNT right? Well here comes the Nuke… + +Traditionally this has been the flow of money in the reverse repo operations: + +&#x200B; + +&#x200B; + +https://preview.redd.it/scmne5qhqx571.png?width=545&format=png&auto=webp&s=156810a0b19fd689a26323e4772ebe53f11baeb7 + +This loop is about to be broken due to Citadel and friends. Citadel owns a company called **Palafox Trading** (market maker for repo agreements, yup) and uses them to EXCLUSIVELY **short & trade treasury securities**. Purchasing the US Treasury bond, in conjunction with mortgage backed securities, allowed the fed to keep pumping unlimited liquid cash into the repo market. Things are not as easy when Citadel comes along and borrows the bonds from Blackrock, they throw it into Palafox Trading and collect their cash. According to this case study: [https://www.localsuccess.org/shorting-the-us-treasury-bond-2021/](https://www.localsuccess.org/shorting-the-us-treasury-bond-2021/) + +“**Citadel has shorted more treasury bonds than are available**… With the federal reserve purchasing them monthly from the open market, it leaves room for a shortage when the repo call hits. If an entity like BlackRock hasn’t purchased more treasuries since lending them out, hedge funds like Citadel simply cannot cover unless they go into the market and PAY the bond holder for their bond. It’s literally the same story as all of the heavily shorted stocks… There is TOO much evidence, from TOO many separate events, pointing to the imminent default of something big. That’s all this is going to take. When Ted can’t repay Steve, it means the panic has already started. Just look at how easy it was for the repo rate to spike overnight in 2019. We are already starting to see the consequences of the SLR update with Archegos, Nomura, and Credit Suisse. This is just a taste of what’s to come… and now we know the bond market represents an even BIGGER catalyst in triggering this event… and it’s happening already…With that being said, things finally started to make sense… Citadel doesn’t NEED shares if their investment strategy to go short on EVERYTHING instead of going long. Why bother owning shares? BlackRock and other asset managers simply lend them to you when you need to pony up a margin call for stocks and bonds…Their HFT systems allow them to manipulate the market in their favor so there’s NO way they could fail… **unless… a bunch of retail investors all decided to ignore taking profits.** But that would NEVER happen, right?” + +# LET’S WRAP THINGS UP + +The feedback loop will eventually be broken due to the increasing interest payments of losing short positions. When this happens, the banks won't be able to keep performing these repos, the FED won't be able to perform reverse repos, interest rates will either sky rocket or go negative-hyperinflation or depression. + +What is the FED doing about all this? \*puts on tinfoil hat\* Most likely **colluding**: + +&#x200B; + +https://preview.redd.it/tpzgwj2jqx571.png?width=1117&format=png&auto=webp&s=79e1f6653e662a97bc37b4b21a64c7578bb0ec1d + +[If I had went into this in detail would need a part 2, it's 2:30AM right now so you'll just have to take u/Criand word for it](https://preview.redd.it/apgzo9kavd571.png?width=624&format=png&auto=webp&s=46624db19f3752d401ef9b0e26c09daa102f8077) + +# So we have TNT on top of a Nuclear Bomb in the Reverse Repo Market, on top of that you have everyone borrowing money like crazy: + +&#x200B; + +&#x200B; + +https://preview.redd.it/5grzev1kqx571.png?width=810&format=png&auto=webp&s=4268c20be2871300888871ba6d4d2bc6e3f61b63 + +# Which makes me think what will happen in the event of monster margin calls that lead to the liquidation of blue chip stocks? Who is safe here really? + +Lastly, in this DD: [https://www.reddit.com/r/Superstonk/comments/nxxwqt/tldr\_i\_believe\_inflation\_is\_the\_match\_that\_has/](https://www.reddit.com/r/Superstonk/comments/nxxwqt/tldr_i_believe_inflation_is_the_match_that_has/) + +# u/Dismal-Jellyfish Brilliantly pointed out another ticking bomb to this entire equiation, inflation. + +He says that “Inflation is going to make it impossible to earn positive rates on assets after being adjusted for inflation on anything but “extremely speculative” to “default is imminent with little prospect for recovery” risks… Because of inflation, the shorts are going to drown in their cash. **There is no place for it to go** to earn a positive yield greater than what inflation will eat, or should be acceptable for the level of risk of default…With nowhere to park this cash to generate positive yields and while having to contend with balance sheets that are having assets eaten away, participants will continue to use the Reverse Repo to buy time **until**: + +* Being down in real terms because of inflation is something that cannot be made back up to service the debt and will weigh on balance sheets as they try to protect from margin calls. +* ·Their existing collateral on the balance sheet can get re-rated lower, re-appraised lower, or just eaten by inflation to the point even what they are borrowing in treasuries can’t meet the requirements to hold off a margin call. +* They hit the 80 billion Reverse Repo limit because of nowhere else to place cash, are tapped out on treasuries, and no longer able to post acceptable collateral to meet their margin requirements.” + +\------end of quote + +# That was a lot to recap, sadly I have no TLDR. I do however have my own conclusion from digesting this information. + +It seems like their only way out is bankrupting GME. Which only then they can begin to clean up their mess, as hard as it sounds I believe they can get out of it if they straight up bankrupt a thriving growth company. The fallout from this though… + +I do not believe that will happen. They can however try to get us all to sell so they can cover at a much lower price in a controlled demolition style. I believe they have taken too long and our diamond hands prevailed, giving GME enough time to make the necessary changes they needed to make. + +I made a chart earlier regarding their most recent breakout: + +&#x200B; + +https://preview.redd.it/go9ovndlqx571.png?width=1621&format=png&auto=webp&s=315557c1caf7800a4e98ac585022e68a9abca0a6 + +[trading sideways guy, exponential floor guy, and t21 guy get all the love. But what about dorito triangle guy?](https://preview.redd.it/0yra8u9kvd571.png?width=676&format=png&auto=webp&s=5301fa30def4c424e447e9b2e3f41566c2a9eca2) + +I believe the fundamentals are too strong at this point and the earnings are looking better each time. It’s too late for them now. I have always believed in the company and I’m going to keep holding. They put themselves in this situation, their greed. If the entire financial system comes crashing down because I believe in a company then maybe the system was broken to begin with. I look forward to the opportunity to rebuild a more transparent free market that works for the people when this is all over though. That is just my personal opinion, it doesn’t really matter. I just really like the stock. + +EDIT: I’m currently working on part II which will connect the dots with GME. I know i threw it without much context,but there is a lot of data that needs thorough explanation. As well as a new finding, that the fed is pinned in this and is working their way out. Possibly by margin calling the margin callers, due to them taking advantage of SLR benefits. There is so much to this. The purpose of this post was meant to be educational but evolved into a deep web that I’m currently investigating. There are just so many angles to this. Will post part II as soon as I have a strong enough thesis to connect GME with supporting evidence. +I did not buy GME, but am still pissed off at Robinhood for it harming all of you by pandering to hedge funds. + +Robinhood turned on its customer base today. As a result, I will be withdrawing everything. This is a substantial sum ($260k). It will result in taxes for me, but I am fed up with Robinhood‘a actions. There is only one thing that will teach Robinhood who their customers really are, and that is if I react to their bad behavior by withdrawing my funds. + +Goodbye Robinhood. +A little background: +- Double income ~300k total (varies based on bonuses) +- Both late 20s +- Own a house with mortgage (500k left to go...), cars paid off +- About $200k invested in regular ol' brokerage accounts (plus another ~$300k in 401ks and Roth IRAs) +- Both of us have the ability to do Mega Backdoor Roth (currently invest/save $4000/month, with plans to bump once house projects are finally done). +- No set retirement date yet but work often sucks so the earlier the better yeah? We're on track for early/mid 40s.. hoping to do chubby FIRE with ~3.5 mil. +So now the question becomes: Is anyone planning on retiring early enough that you don't want to tuck everything into a retirement account? If we stay on track and retire ~45, it'll potentially be 15 years after retirement until we can dig into that money penalty free. +I want to take advantage of the Mega Backdoor to its fullest, but I don't think that's currently reasonable because I need an income from ages 45-59 and I don't want to take a penality. Looking for advice from others lucky enough to be facing this issue. +I received a $20K settlement in 2016 (after lawyers fees & whatnot - it was originally $100K, and there was another person I had to split the money with) from the state due to a traumatic event that had happened to me at no fault of mine, and had honestly thought that taxes and everything had been taken out. I've never had such a sum of money in my life, so I used the entire amount to pay off my car and three of my student loans (I had five student loans total). + +But eventually, I received a notice in the mail that an audit was done and I owe just over $12K on my taxes for that money (including a penalty fee). It had never entered my head that I needed to include that when filing my taxes, I didn't even get a W-2 for it, so I didn't think about it and filed as I always did. + +I honestly am freaking out. I haven't really done anything about it yet, but will be going to the IRS website to set up a payment plan. I have clinical depression, and I've been putting off doing this because I honestly don't know what to do, and I have a bad habit of avoiding things. I make $11 an hour as an admin assistant, and everything I make goes to my remaining two student loans, bills and my car (the one I had paid off previously was a total loss after a wreck caused by an uninsured driver). I still live at home with my mom, because I can't afford to live anywhere else (I'm 28). + +Has anyone here owed such an amount to the IRS before? How did the payment plan work for you - can you choose your amount? Can you pay it indefinitely until it's paid off? There's no way I can pay this amount in 60 or 120 days (which I think are two of the options on their website), so I'll have to go with their high interest monthly payment option, which will add a one-time $149 fee to my balance. + +I suppose I'd just like some idea on the process, because this is all so new to me. Every time I think about it, I start crying. I'd have rather not received the money I'd gotten at all. Should I just put my student loans on hold to pay this? I'll be paying them for the rest of my life anyway. + +--------- + +EDIT: Thank you all for the advice! I will be meeting with a CPA before I begin the repayment process. +Am i being too extreme, or is this blatant market manipulation ? +Robin Hood, TD, and I'm sure many others are stopping people from purchasing $GME / $AMC, among others... + +Hedge funds, and the real people with money were able to play with the market all night, and now that the poors are ready to play they are left on an island. + +I threw money i didn't really care for into buying some $BB And $NOK - It was a small fraction, and was literally dedicated fun money. I didn't join the GME or AMC wagon. + +They are showing us the game is rigged... if you are poor, you aren't meant to win. + +I am sure a bunch of you will say "the kkds at wsb should have known the risks".. but it's still a very fucked up situation, looking in. +If you don't have the Proxy material just call comdirect. They are alway available via phone. I think it can be done until tomorrow night. I recommmend to call once you have send it back to ensure they see it on time and froward it on time. Please feel free to share. +Here is one link to another ape"s post about it. https://www.reddit.com/r/Superstonk/comments/nkixm4/finally_got_my_vote/?utm_medium=android_app&utm_source=share + + +Edit: some apes wrote it might be possible to vote even a bit longer. Anyway don't waste time and do it as soon as possible. + +Edit 2: sorry I don't know how it works at other brokers. I would just give them a call and ask. + +Edit 3: no kidding: my sibling just voted and told me that the guy at comdirect said they are getting a lot of feedback. So I don't know if the one I talked to had no clue or if apes are coming in now last minute. In any case: great job!!! See you all on the moon! 🚀🚀🚀🚀🚀🚀🚀🌙 + +This is no financial advise +Hey all, I am new to Forex trading. I took a little holiday hiatus to clear my head and nerves after losing $300 on a $1000 account. My dad and I own a small business together and finnancially things are very difficult, especially after covid, and I am learning how to trade to try and help ease some of the financial strain. With the new year upon us, I want to really focus on Forex Trading and trying to reach a point where I can do it full time. + +I am curious to hear about your experiences with Forex trading and how you are using it, whether being a day trader and your main source of income, using forex as a side hustle for extra cash flow, or being an influencer selling trading programs. Whatever the case, I would love to hear stories, advice, or whatever you feel like sharing. + +Happy New Year to you all! +I always knew that the reason Dave Ramsey gave horrible investment advice to his listeners by advocating loaded mutual funds over low cost index funds was because he made money off the referral fees. However the actual amount he makes is staggering... + +http://www.investmentnews.com/article/20170407/FREE/170409952/advisers-profit-through-association-with-dave-ramsey-x2014-but-not + +Advisers are paying about the same amount under the new program as they were under the old one. Fees range from $400 per month to close to $900 per month, based on the size and population of the territory, as well as the number of referrals that come in over a period of time. + +Back of the envelope math shows that the former referral program and the current advertising program have been cash cows for Mr. Ramsey. If each of the 1,000 advisers in the program paid on the low end, $400 per month, that would translate into $400,000 of monthly revenue. If those same advisers paid on the high end, about $900, Mr. Ramsey's business could see revenues of as much as $900,000 per month from adviser advertising. + +...so basically he makes around 5-10 million a year in his pocket by giving this horrible advice and if you listen to his show he has really double and trippled down hard on his position as noble prize winning research, popular culture, and his own listeners are becoming educated and have factually proven that index funds outperform loaded mufual funds over 80% of the time. + +In a show this week he says, "i dont perform surgery on myself i go to a professional. So why would i do it myself with investments, thats just stupid" + +No dave...paying a commision stock broker 5.75% off the top to get a high fee underperforming activly managed fund instead of an index fund is the real stupidity. + +"Its difficult to get a man to understand something, when his salary depends on his not understanding it." -Upton Sinclair + +I'm a long time lurker and I'm not working towards FI. But my fiance and I we've been working towards our mortgage deposit for the last 4-5 years. We've managed to save decent amount of money but by looking at some of yours FI targets it's not even a 1/30th of some of your targets. + +I have an ok'ish job in London and she's a teacher both on ok salary but the cost or living and everything else in London is so high it took as nearly 5 years to save enough for the deposit for the mortgage and we won't even be able to buy anything in London as we won't be able to afford it despite being very frugal for the last 5 years. We'll have to buy something outside London, and by observing my friend and colleagues is still a great achievement in my opinion because people do struggle big time to save enough money for a house deposit. Some of my friends will probably never be able to do it and some of them will live with their parents forever. + +I've come to a conclusion that FIRE is pretty much impossible for us, we would have to work and save for at least another 25 years so we may as well keep doing what we are doing now and keep buying properties and work till we 65+ and then live off of the rent from two or more properties that we manage to pay off before we retire, our minimum target is one for us and two more that we can buy to rent. + +Feels like FIRE is accessible only to people on a really good salary or enterpreneurs that can save a lot every month from runing their own business. Saving towards FIRE on a regular salary in UK is almost impossible. + +What do you think? +Through fortunate circumstances that I won't get into, I've come into £120,000 in cash that is exclusively mine. + +I want to use this money to best create the best long-term chances of supplemental income, and obviously want to invest as prudently and wisely as possible. My parents say I should buy an apartment with good yields and good appreciation prospects, potentially in a high-growth potential commuter town like Ipswich. I'd probably want to sell within 5-10 years to be able to qualify for a help-to-buy scheme in London. + +However, I'm worried they're thinking with an antiquated mindset, as property is potentially not the asset it was 20 years ago. I've done quite well in an ISA through HSBC with my prior savings, and their potential is not lost on me. + +However, I'm worried about: + +a) Tax potential on ISA investments over £20,000 + +b) The fragility of the current market highs. + +2) + +a) Potential wrenches in the buy-to-let scheme + +b) Getting and managing tenants, lack of property appreciation, + +c) Difficulty re-selling + +Thanks very much. +I was an early employee at a company that is about to IPO later this month. I am no longer employed there, but exercised all my options upon leaving. I am mid-career, in my mid-30s and have always done my own taxes and finances. Upon IPO, my shares should be worth roughly $8M on paper. + +What should I do to prepare for IPO? I am getting served paperwork and documents, and not sure if I should consult a lawyer. Going forward, what are things I can do to manage the risk of having such a substantial part of my NW tied up into a high-risk stock? I don't have a finance professional or tax professional helping me-- should I begin interviewing? Not quite sure where to start. + +Have been a long time lurker. Thanks +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your 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) Last ban length: 1,048,576 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Hi. Ok so why? I found this study[https://papers.ssrn.com/sol3/papers.cfm?abstract\_id=3278753](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3278753) that shows how privatization in Brazil lead to lower wages for workers. This paper studies the impact of privatization of state-owned enterprises (SOEs) on workers at privatized SOEs and the aggregate labor market. Following privatization, wages for incumbent workers in privatized SOEs fall by about 30 log points relative to a control group. Half of this decline is due to workers moving to lower-paying establishments, while half is due to within-establishment wage changes. + +If privatization leads to lower wages for workers, is it really beneficial? +I read an article about [all the extra development and maintenance time that must go into getting your website to support internet explorer](https://medium.com/@burger.neal/the-end-of-life-of-internet-explorer-11-12736f9ff75f) which got me thinking, would the economy do better if IE were deprecated? I think it would but I wanted the opinion of someone who understands it better. + + +Thank you +I don’t mean to be a negative Nancy here but I’m frightened about the long term stability of the structures that have been in place for the past century. Twice in the past century we’ve had prolonged periods of economic stagnation lasting over a decade, and it so it seems prudent to anticipate a major stock market crash and Great Depression for those of us looking to retire based on currently inflated stock market and real estate net worth valuations. + +A simple solution would be in investing in “hard” assets like gold (and possibly bitcoin if you’re into that), but these don’t come with the same stable returns that would be the basis of a 4% rule target NW calculation, so would not work well for the FIRE calculations. + +I’m just curious if others here echo this concern, and how many of you have adjusted your target NW calculations in anticipation of some kind of drastic market correction. +Congress has passed a $1.2 trillion bipartisan infrastructure bill, delivering on a major pillar of President Joe Biden's domestic agenda after months of internal deliberations and painstaking divisions among Democrats. + +The final vote was 228-206. Thirteen Republicans voted with the majority of Democrats in support of the bill, though six Democrats voted against it. +The bill now heads to the President's desk to be signed into law, following hours of delayes and internal debating among Democrats on Friday, including calls from Biden to persuade skeptical progressive members of the Democratic caucus. +The legislation passed the Senate in August, but was stalled in the House as Democrats tried to negotiate a deal on a separate $1.9 trillion economic package, another key component of Biden's agenda that many Democrats had tied to the fate of the infrastructure bill. +The legislation will deliver $550 billion of new federal investments in America's infrastructure over five years, including money for roads, bridges, mass transit, rail, airports, ports and waterways. The package includes a $65 billion investment in improving the nation's broadband infrastructure, and invests tens of billions of dollars in improving the electric grid and water systems. Another $7.5 billion would go to building a nationwide network of plug-in electric vehicle chargers, according to the bill text. +Biden called House Speaker Nancy Pelosi just before midnight to congratulate her on the passage of the infrastructure bill, a source familiar with the call tells CNN. On the call, Pelosi thanked Biden for his help in getting the bill over the finish line as well. + +[source](https://edition.cnn.com/2021/11/05/politics/house-votes-infrastructure-build-back-better/index.html) +So, nobody knows that I daytrade and make loss porn everyday. I keep it to myself and to strangers on the internet. But today, I made the mistake of telling one of my friends that I do this. She asked me, when I was doing this and for how long, I told I was doing this since November and made this much in losses and this much in gains. And she is like, "You only made this much! Why don't you invest instead of trading and then she told me about some crypto influencer who told her and her husband to invest in a coin and it skyrocketed and she told me she would send me details of that account and she said that guy doesn't give free advice and charges for 1 to 1 interaction." + +&#x200B; + +Man, I have been investing in crypto since 2019, stock market since 2015 and tried learning day trading since last November. It's just been a few months. She is one of my clients and is from Germany. She runs a business and last year she did not make much money due to pandemic. I just explained that to her, that daytrading is a business too and I am just trying to learn it, and it may take years to see any return or never, (In reality I make daily returns only to give away everything to that one trade, still in learning phase, I guess most here can relate.) + +But, are people that naive in real world? Who in their right minds would take investment advice from strangers on the internet? Do normal people behave like this? See, initially I got scammed a lot in crypto space, investing in coins(not pump and dump shit coins) but coins with actual products. I invested in a lot of coins, in which I am yet to see a good return over a period of almost 6-7 months.This is why I don't trust investing that much, because nobody knows what the price will be tomorrow. + +Day trading is a skill, and it is the hardest skill to master. I am so shocked at people's expectations. Atleast some daytraders do some Math and have some realistic goals which are based on foundations,But it seems like everyone else in the outside world just expects to daytrade in a day and make millions. She told me, "I will see if you become a millionaire within a year or not." I was shocked. + +Seriously folks, do not talk about day trading with anyone else. It is only going to demotivate you from your goals and set you off from your track.Has anybody experienced this ever? I would like to know your experiences talking about crypto to everyone. +It was halfway to Christmas this past week. If you had a hard time thinking of low cost gift ideas and have a bit of time this summer, this is the perfect time to get some cuttings off a houseplant or succulents (either your own or if you have a friend or relative with big healthy plants see if they will share). A cute little cactus or pothos or similar grown in a pretty coffee mug (50 cents to a dollar at thrift shops) on a sunny windowsill could be a nice gift for a coworker or plant obsessed friend this Christmas. +Energy companies are earning huge profits as far as I have understood, due to the high prices. But as far as I have understood, those prices are not due to higher costs but simply to some suppliers (Russian) exiting the European market. Why isn't there a race toward lower prices as energy companies compete to win over customers? Is it the case that they just do not have much more gas/oil than they are selling? +A showerthought I had. I recall that the EU was issuing eurobonds for its NextGenEU project but that it would be a one-time thing. Which made me wonder why the EU hadn't done this before or why it's seemingly hesitant to make it a permanent thing. Wouldn't such a common bond be economically beneficial to a lot of member states? Especially poorer ones? +This is an old quote from Rune. But worth repeating. + +It clearly lays out the basis of understanding the growth of Ethereum as a group forming network that will grow as follows: + +https://www.networkworld.com/article/2225509/cisco-subnet/understand-and-obey-the-laws-of-networking.html + + - “The core value proposition of Ethereum can be summarized with a single word: Synergy.” So says Rune Christensen of MakerDao before explaining how they can integrate with a number of eth projects, to then state: + +- “It is the permissionless and turing-completeness of Ethereum that allows all of these projects to seamlessly integrate with each other as first class citizens, increasing the value and utility of each other, because we all write to the same virtual machine and use the same language and the same standards. + +- Each project in the list above becomes a multiplier on the existing value of our system, resulting in exponential, rather than linear gains, for every new project that integrates with the others. Similarly every time any one of the above mentioned projects gains a new user or somehow grows in size, it ripples through the list and positively effects every other project in one way or another. Another huge advantage is that all of the integrations and synergies listed above require zero direct interaction or collaboration between the projects – it just emerges by itself due to the open source nature and streamlined standards of Ethereum. Of course in most cases there is still direct collaboration between the projects in this early stage of the ecosystem, but it’s still important to note that this isn’t a requirement – this will become a huge advantage once the network starts to really scale. + +- The result of this inherent synergy is an unbeatable network effect in accordance with Metcalfe’s law. Every time a VC or a banker asks me which blockchains are interesting to look at in the industry, I tell them the same thing: Ethereum has already won. It has reached critical mass and become what can best be described as an unstoppable, ever growing snowball. + + - Another way to put it is if we decided to build Maker on a different blockchain, we’d have significantly less users and liquidity, and would have to spend a lot more resources on building things that others have already built for us to use as first class citizens on Ethereum, and due to those factors, we’d most likely be dead or dying at this point.” + +https://www.trustnodes.com/2018/04/11/ethereum-tops-list-developers +Merrill Lynch [was just fined $850k](https://www.finra.org/sites/default/files/fda_documents/2016060801702%20Merrrill%20Lynch%2C%20Pierce%2C%20Fenner%20%26%20Smith%20Inc.%20CRD%207691%20AWC%20jlg.pdf) for Reg SHO violations, primarily focused on improper netting of positions to eliminate FTDs: + +https://preview.redd.it/a47etu1098s71.png?width=673&format=png&auto=webp&s=a2efe05942ad15681e8a2f37d0b0570dc6b15731 + +This is something I had never heard of, but apparently there is a way to claim "pre-fail credit" to reduce delivery obligations: + +https://preview.redd.it/gee3vim898s71.png?width=680&format=png&auto=webp&s=b56e840b7ff4e0b8a27b352ed46eb26897f793ac + +So you know you're going to fail, and you try to claim credit against that impending fail through trading activity between the original trade date and settlement date. Primary issue appears to be that you can't use affiliate activity for "pre-fail credit", which Merrill allowed certain clients to do: + +https://preview.redd.it/kah9zfyl98s71.png?width=676&format=png&auto=webp&s=9cce5e05d0afcc5427303901a50d3cc4b4018818 + +The result was reducing close-out obligations while continuing to have a short position: + +https://preview.redd.it/97snbi7t98s71.png?width=705&format=png&auto=webp&s=35efbab91ad8bf787741cb640c2db07f2e0a8fa1 + +Another part of the action reveals that Merrill was using overseas affiliates to calculate net positions, which also isn't allowed: + +https://preview.redd.it/98n2s33da8s71.png?width=671&format=png&auto=webp&s=1f23b2fe3449f87cd58de7cbbddda5ba45a2f4f5 + +So the way I read this is that Merrill used derivatives trades in an overseas affiliate to offset short exposure in the US, and change whether orders were marked short or long. + +That sounds an awful lot like what Wes was talking about in his AMA. Also sounds like FINRA is looking a bit more closely at short sale marking, FTDs and delivery. +I just want you to know that years from now, when we are all paid off on our debt, and starting businesses, and buying homes and apartments and paying for pet surgery and medicine, back rents and back mortgages, daycare and baby food and 529c's, brand name meat for dinner... + +I will remember this moment. You will remember this moment. Let us bask in this glory forever 🚀🚀🚀🚀 + +💎✋ to infinity and beyond + +**We like the stock** +1. FILL OUT YOUR ORGANIZER COMPLETELY +2. Don't provide documentation for small amounts. We don't want to check your math. If you have 700 receipts from Home Depot, and you provide them, we have to check your math (your math will be wrong). We don't want to do that. We want a single number that you can prove out if you have to, if you're audited (which you won't be). +3. Get an oil change for every business vehicle at the end of December. This will be great documentation on the total yearly mileage (we don't want to see this documentation; we just want to know that you have it) +4. Get your info in early! +5. If we have to extend you, don't be a pill about it. +6. If you made estimated state/federal payments, please, for the love of God, include copies of the checks you sent. + +And finally, and most important: + +7. CPAs are under appreciated, very hungry people. If you lavish praise on us, we will love you, we will bill you less, and we will work harder to save you money. We are cheap dates; a word of encouragement, or -- even better -- FLOWERS or CHEESE or BEER or a FRUIT PLATE (we are all on diets, so no cookies please), & we will work hard for you forever. +1. FILL OUT YOUR ORGANIZER COMPLETELY +2. Don't provide documentation for small amounts. We don't want to check your math. If you have 700 receipts from Home Depot, and you provide them, we have to check your math (your math will be wrong). We don't want to do that. We want a single number that you can prove out if you have to, if you're audited (which you won't be). +3. Get an oil change for every business vehicle at the end of December. This will be great documentation on the total yearly mileage (we don't want to see this documentation; we just want to know that you have it) +4. Get your info in early! +5. If we have to extend you, don't be a pill about it. +6. If you made estimated state/federal payments, please, for the love of God, include copies of the checks you sent. + +And finally, and most important: + +7. CPAs are under appreciated, very hungry people. If you lavish praise on us, we will love you, we will bill you less, and we will work harder to save you money. We are cheap dates; a word of encouragement, or -- even better -- FLOWERS or CHEESE or BEER or a FRUIT PLATE (we are all on diets, so no cookies please), & we will work hard for you forever. +Title sums it up. 4 doors on 3 buildings and sob stories left right and center. I may have been OK without a pandemic but I'm bleeding money and just can't give people ANOTHER reason to stress out. My tenant who is behind thousands since March decided he needed a new toilet which resulted in the subfloor basically crumbling. Entirely new subfloor, flooring, toilet and it went through the shower drain. Not one call about his toilet being a problem. I obviously need to rehab these properties but people have to leave for that and .. I can't. I'm chatting with my realtor this morning to get his opinion and estimation of the situation. I guess I'm not cutout for real-estate. Any advice on getting out? Holding on somehow? Property manager isn't an option as these properties aren't cash flowing as is and until tenants leave I can't really fix e'm up not that I know what i'm doing there anyway. + + +Honestly when you do the maths for FIRE (Financial Independence, Retire Early), the numbers just look insane. + +E.g. If you take an average income of £30k and wanted to replace that enitrely with income earned from investments than that means you'd need just about £1mil invested in the stock market if you go for a 3% withdrawal rate. + +I really dont see how this is actually achievable unless you save & invest £2000 every month for 20 years. +Hello, + +Looking for some long term ETF investments for my children. They are currently 10 and we have saved about 4K cash. Thinking about putting 1k into two dividend ETFs (1 U.K. 1 global) 1K into green energy and 1k into emerging tech. Planning for the long term the next 10/15 years. + +Any suggestions/advice? What do you do? +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. +There’s a big difference between making 50k a year and living off of 50k a year. I think a lot of people who are dividend investors fail to understand that you don’t need that 100k a year in dividends to retire. Having a salary of 50k that fades away to rent, savings, investing, food, bills, or taxes. You can be left with nothing. So you keep working to pay for it all next year. Once you invest long enough to make your salary in dividends and retire it’s all so much simpler. You can already pay all your expenses but you no longer need to invest or save heavily. You live off of a lot less money they what you need to make at a job. Plus dividends will always be a more secure source of income than a job that could fade away. Which everyone learned during the first lock down from Covid-19. Just food for thought. It doesn’t take 30-50 years of compounding, you can retire sooner than you think. + + +> [Prior to joining the SEC, he held positions as a Chief Counsel at NYSE Euronext and as an associate at the law firm of Milbank, Tweed, Hadley & McCloy LLP in New York.](https://www.sec.gov/biography/commissioner-elad-l-roisman) + +&nbsp; + +> [Milbank, 'Not a Wall Street Firm Anymore,' Takes New Name](https://www.law.com/newyorklawjournal/2019/02/21/milbank-not-a-wall-street-firm-anymore-takes-new-name/) + +&nbsp; + +> [Then, on Sept. 17, Milbank learned it had beaten out at least two competitors to be selected as counsel to the unsecured creditors committee in the Lehman Brothers bankruptcy. In a flash, 30 lawyers were put onto the assignment—a number that’s likely to double. “It’s crazy busy now,” Immergut says.](https://laterallink.com/wall-street-law-firms-face-an-uncertain-future/) + + +&nbsp; + +> [In addition, a Wall Street law firm, Milbank, Tweed, Hadley & McCloy, is being drawn into the battle. Milbank has been hired, at more than $1 million a month, to represent the creditors committee in its negotiations with Enron.](https://www.nytimes.com/2002/04/30/business/at-center-of-enron-bankruptcy-dispute-over-big-bank-creditors.html) + + +&nbsp; + +> [The firm's present name dates from 1962.[1] For decades, the firm's biggest clients were the Rockefeller family and the Chase Manhattan Bank.](https://www.wikilawschool.net/wiki/Milbank,_Tweed,_Hadley_%26_McCloy) + + +&nbsp; + + +> [The firm was responsible for the legal work on the building of Rockefeller Center, and its offices can still be found in the One Chase Manhattan Plaza building, renamed 28 Liberty in 2015.[2] After World War II the firm advised new commercial and industrial developments.[1] Milbank created hedge funds and other investment vehicles for financial clients in the 1960s, 1970s and 1980s, and capitalized on the growth of international business, finance, and technology transactions in the 1990s.](https://www.wikilawschool.net/wiki/Milbank,_Tweed,_Hadley_%26_McCloy) + +&nbsp; + +> [On Monday, E*Trade announced that it had hired Goldman Sachs to advise a newly created special committee of three independent directors tasked with evaluating the company's strategic options--including a possible sale of the company--in response to Citadel's demands. Milbank, Tweed, Hadley & McCloy global litigation practice leader Alan Stone is advising the special committee, according to a lawyer involved in the matter.](https://amlawdaily.typepad.com/amlawdaily/2011/08/milbank-davis-polk-etrade.html) + + +&nbsp; + +This is also a PDF of meeting notes from their + +> [As a law firm representing a number of clients actively involved in markets for swaps +and securities-based swaps, we appreciate the opportunity to comment on selected issues raise by +the proposed rules issued by the Commodity Futures Trading Commission (the "CFTC") and the +Securities and Exchange Commission (the "SEC," and, together with the CFTC, the +"Commissions") that define key terms used and exemptions provided for in Title VII ofthe +Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010](https://www.sec.gov/comments/s7-39-10/s73910-88.pdf) + +> ***Non-U.S. Governments and their Agencies Should be Excluded or Exempted.*** + +> The Commissions' final rules should exempt or exclude non-U.S. governments and their +agencies from the definition of "swap dealer" and "major swap participant." Many such entities +enter into interest-rate, currency and credit default swaps to manage their currency reserves and +domestic mortgage and related securities portfolios. Agencies potentially affected include +central banks, treasury ministries, export agencies and housing finance authorities. The volume +of such transactions is substantial and may well exceed the levels proposed in the Commissions' +definition of "major swap participant." + +> We do not believe that Congress intended the requirements of Title VII to apply to these +entities, many of which are active participants in the swaps markets for legitimate governmental +purposes. To require non-U.S. agencies to register with the Commissions as swap dealers and +major swap participants would produce an incongruous result and would represent both an +unwarranted extraterritorial application of U.S. law and an unacceptable intrusion on the +sovereignty of foreign nations. + +> While it may be unlikely that any non-U.S. government or any of its agencies would meet +the definition of swap dealer, they are unquestionably significant participants in the swap +markets. Under the proposed rules, they could face the prospect of registration with the +Commissions, reporting sensitive financial data to a foreign, !.~. U.S., government regulatory +authority, and business conduct rules designed for commercial entities. + + +Edit: ~~What the fuck!~~ [~~Google says Susquehanna is owned by Milbank.~~](https://imgur.com/UgZzovJ.jpg) + +[Susq Explained here](https://reddit.com/r/Superstonk/comments/rkuxnd/elad_l_roisman_is_suddenly_leaving_the_sec/hpc9e0h) + +&nbsp; + +[Susquehanna owns E-toro BTW](https://i.imgur.com/rEL1PYA.png) + + + +&nbsp; + +> [Milbank LLP acted as legal advisor to Goldman Sachs Lending Partners LLC and Citigroup Global Markets Inc.](https://www.sec.gov/Archives/edgar/data/1809987/000119312521192713/d169554dex991.htm) + +So these guys advise the Govt and the banks and Wall Street at the same time. + +&nbsp; + + +> [Milbank Represents Goldman Sachs Bank USA, Barclays Bank PLC, Citigroup Global Markets Inc. and Jefferies Finance LLC in connection with $765 Million Senior Secured Facilities for the Acquisition of CHG Healthcare Services, Inc](https://www.milbank.com/en/news/milbank-represents-goldman-sachs-bank-usa-barclays-bank-plc.html) + +&nbsp; + +> [Milbank Represents Bank of America Merrill Lynch and Morgan Stanley in WisdomTree SEC Registered IPO](https://www.milbank.com/en/news/milbank-represents-bank-of-america-merrill-lynch-and-morgan.html) + +WisdomTree [Represents $47.5B in 74 ETFs now](https://etfdb.com/etfs/issuers/wisdomtree/) + +&nbsp; + +[Doesn't the huge $ "first-lien bond purchase" = predatory lending?](https://imgur.com/o52N6H1.jpg) So these guys help the whole thing run from the legal side and have a guy on the inside of the SEC to facilitate and cover their shit? + +[Has anyone read this book by chance?](https://imgur.com/iBLr2lb.jpg) + + +&nbsp; + +[Looks like this firm is involved in questionable practices and predatory lending/vulture investing](https://imgur.com/WcSOHvw.jpg) + +Article (paywall): +https://www.nytimes.com/1997/02/28/business/milbank-tweed-is-accused-of-a-conflict.html + +&nbsp; + +Another case public traded company ($MCPIQ) gets loans, 1 year later goes bankrupt and Oaktree scoops up the remains with Milbank. + +> On September 11, 2014, Molycorp, Inc. entered into a Credit Agreement (together with all other agreements, documents and instruments executed in connection therewith, as the same may be amended, restated, supplemented or otherwise modified to date, the “Oaktree Parent Facility”) with Oaktree.  The Oaktree Parent Facility provided for, among other things, a term loan facility in an amount of up to $185.0 million, $50.167 million of which was advanced at the initial funding, and $134.833 million was subject to a delayed draw to be advanced upon the satisfaction of, among others, certain operational and financial conditions.  As of the Petition Date, the Debtors had not satisfied the conditions required to draw on the remaining $134.833 million of the Oaktree Parent Facility.  As of the Petition Date, there was approximately $52 million in aggregate principal amount of indebtedness (including $1.92 million in payable in kind interest) and including outstanding under the Oaktree Parent Facility. + +> [The interest rates applicable to the loans under the Oaktree Prepetition Facilities are currently 7.00% per annum payable in cash and 5.00% per annum payable in kind, and will remain so until June 14, 2016.  After June 14, 2016, the interest rate converts to 12.00% per annum payable in cash unless certain conditions are satisfied.(29)  During the continuance of an event of default, the loans under the Oaktree Prepetition Facilities bear interest at an additional 2% per annum.  The Oaktree Prepetition Facilities mature on September 11, 2019, with the potential for earlier springing maturity dates if the outstanding amounts under the 2016 Notes, the 2017 Notes and the 2018 Notes (each as defined below) are not reduced below certain specified dollar thresholds at specified points in time beginning in 2016.  The Oaktree Prepetition Facilities also provide that the Debtors shall not make certain prepayments of the loans prior to the fourth anniversary of the closing date and contain early payment premiums on any prepayment, repayment, payment, satisfaction (whether in whole or part), distribution, discharge...](https://www.sec.gov/Archives/edgar/data/1489137/000110465916120339/a16-11036_1ex99d1.htm) + +&nbsp; + +> [NEW YORK, April 1, 2016 /PRNewswire/ -- Capping its latest major bankruptcy assignment, Milbank, Tweed, Hadley & McCloy LLP has represented private equity investor Oaktree Capital Management LP in the successful chapter 11 reorganization of global metals and mining company Molycorp, Inc.](https://www.prnewswire.com/news-releases/milbank-represents-oaktree-capital-management-in-successful-reorganization-of-rare-earth-producer-molycorp-inc-300244830.html) + +> [Molycorp's plan of reorganization was confirmed on March 30, following a two-day hearing in U.S. Bankruptcy Court for the District of Delaware. Under terms of the plan, secured lender Oaktree, which previously provided debtor-in-possession financing to Molycorp, was granted a 92.5% equity stake in the reorganized company, comprised of surviving "neo" rare earth processing entities and related businesses.](https://www.prnewswire.com/news-releases/milbank-represents-oaktree-capital-management-in-successful-reorganization-of-rare-earth-producer-molycorp-inc-300244830.html) + +&nbsp; + +Here's another one to help HSBC shut down a cable competitor. + +> We have acted as counsel to RCN Corporation, a Delaware corporation (the “Company”), in connection with the preparation and filing by the Company and all of its wholly-owned subsidiaries (collectively, the “Guarantors”) with the Securities and Exchange Commission (the “Commission”) of a registration statement on Form S-1, No. 333-126885 (including all amendments thereto, the “Registration Statement”), for the purpose of registering under the Securities Act of 1933, as amended (the “Act”) (i) the resale by the noteholders named in the prospectus contained in the Registration Statement (the “Prospectus”) of [up to $125,000,000 aggregate principal amount of Convertible Second Lien Notes of the Company due 2012 (the “Notes”), issued under an indenture dated as of December 31, 2004 (the “Indenture”) between the Company and HSBC Bank USA, N.A., as trustee (the “Trustee”), the payment of which Notes is guaranteed by the Guarantors pursuant to the Subsidiaries Guaranty, dated as of December 21, 2004 (the “Subsidiaries Guaranty”) in favor of HSBC Bank USA, N.A., as collateral agent (the “Collateral Agent”); (ii) the resale by the holders named in the Prospectus of up to 4,968,204 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) into which the Notes are convertible (the “Conversion Shares”) and (iii) the resale by certain affiliated stockholders named in the Prospectus of up to 7,048,205 shares of Common Stock (the “Affiliated Stockholder Shares”).](https://www.sec.gov/Archives/edgar/data/1041858/000119312505194825/dex51.htm) + + +> [NEW YORK -- RCN Corp. , which is trying to compete against cable companies by laying its own fiber network, filed for Chapter 11 bankruptcy protection as part of a restructuring agreement with its creditors.](https://www.wsj.com/articles/SB108565289093422840) + +> [The company expects the plan to reduce its debt to $480 million from $1.7 billion by giving RCN's bondholders most of the equity in the company.](https://www.wsj.com/articles/SB108565289093422840) + + +TA;DR + +The law firm he worked at represent literally every shit bank there is and some funds, they were involved in sketchy parts of Dodd-Frank allowing foreign entities to not report, they assist banks and funds in predatory lending/ vulture investing, they were involved in Enron, Lehman Brothers, represent the Rockefellers, Citadel owned 10% of ETrade and forced a sell and they showed up to represent Goldman Sachs, bankrupted a mining company in California that does rare minerals MCPIQ with Oaktree, killed a cable competitor with HSBC in 2004 and have some super questionable practices. + + +He goes to the SEC and starts cock blocking regulation *on shit they influenced when it was made.* [As seen recently.](https://www.marketwatch.com/story/secs-partisan-divide-on-display-as-republican-commissioners-object-to-gensler-plan-to-overturn-trump-era-rules-11623701634) + +> “Perhaps the absence of these rules is attributable to the regrettable decision to spend our scarce resources to undo a number of rules the Commission just adopted.” + +> Indeed, the agenda contains several proposals to revise rules adopted less than a year ago, including rules reigning in companies that provide advice on how institutional shareholders should vote on shareholder proposals, a rule mandated by the Dodd-Frank legislation that resource-extraction firms disclose payments made to foreign governments in countries where they operate and a rule that limited payments to whistleblowers that alert the SEC of wrongdoing at private companies. + +> The two complained that revisiting recently adopted rules creates uncertainty for the private sector around how long a controversial rule will remain on the books, which they said will stifle economic activity. + +&nbsp; + +The Dodd-Frank thing, they are protecting these people from reporting what they are doing. + +> Many such entities +enter into interest-rate, currency and credit default swaps to manage their currency reserves and +domestic mortgage and related securities portfolios. Agencies potentially affected include +central banks, treasury ministries, export agencies and housing finance authorities. The volume +of such transactions is substantial and may well exceed the levels proposed in the Commissions' +definition of "major swap participant." + + +Part 2: [Hester Peirce, the other dissenting Commissioner](https://www.reddit.com/r/Superstonk/comments/rl2bfw/hester_peirce_the_other_dissenting_commissioner/) her former law firm has had a retainer from Citadel, helped BNY Mellon out of a predatory dark pool situation and Goldman Sachs on the Malaysian bribery scandal *on top of lobbying and attacking Dodd-Frank....* ***that she helped write.*** +Ok so I went in with my approval letter from Bank of America for a loan with 4.34 apr. Did all the paperwork and signed all the things. As I’m about to leave with the new car the finance guy says Bank of America won’t give him the 4.34 even though I have the approval. He tells me not to worry to go home and just email him the approval letter. + +Got home and sent him the letter and says he’ll work on it. Then he called back a few days later stating he’s still having issues and I need to go in to redo paperwork and get check directly from the bank and turn it in plus my own check for the difference (around 3k But didn’t explain why the difference). I called the bank and they said I have enough loan amount and they don’t do checks like that anymore. And that the dealership is a preferred dealership so they can follow the instructions on the approval letter so bank can wire them the money. + +Finance guy keeps calling me saying the same thing. I call the bank and they say dealership hasn’t called them with any issues. + +Finally called the dealership and asked to speak to a supervisor. Now they want me to go in and redo paperwork for a higher apr (4.64) bc my “loan to value” ratio is too high and the bank isn’t approving it. I called the bank with this explanation and they confirmed. + +Is there anything I can do? If I wouldn’t known this from the beginning I wouldn’t have signed the paperwork. I would’ve kept shopping around for a lower apr or get a cheaper car. + +Located Southern California. +We’ve had the car for like 2 weeks now driving it and put insurance and everything. +I just lost $15k because of scammer crypto traders and I want to let everyone know. If anyone is ever approached by a guy named Roy Ethan, or you ever hear of a site called Access Market Pro, run the other fucking way and don't be a fucking failure idiot like me. This is the universes way of telling me I will never, and don't DESERVE, to be financially independent because I'm a stupid fucking failure. I'm destined to be a gear until I'm broken and useless. +hello again! +I wanted to start off by saying i know NOTHING about this. when i read about it, i dont even know whata it means to say things like large/mid/small cap means, sector growth.. seriously it all sounds like another language to me. I have a little over $50,000 to my name and its all sitting in my checking account. im in my 30s, with a pretty low paying job but i want to invest.. not for retirement but i want to put my money somewhere it will grow. after researching reddit ( lol dont judge me, an advisor is too expensive), i am thinking of putting my money 20% ARKK, 40% VTG and then 40% either VUG/VTI or VOO... if anyone can weigh in and tell me if thats a good idea or? sorry to sound stupid, and i appreciate anyone who took the time to read this and help me out :) +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? +Be a multimillionaire and I won't feel the need to passively search for people's approval by getting a tattoo or putting shit up my ass. I will purchase a large boat and escape to a multitude of island habitats for the rest of my life, soaking in sunsets and tropical drinks with people i actually want to be around for a change. + +If the MOASS happens next week, I'll never get on this sub again, all due respect to the masters of DD. This has been an interesting ride, but the bottom line is this: I've been poor for way too long, and I have a lot of lost time to make up for. + +Once I'm free I'm running for the hills and not looking back. +I apologize if the formatting is bad. I’m writing this on my phone, but I am in the process of selling my home and it looks like I am going to get a check for $60,000. + +I know this isn’t really a lot, but I grew up with not a whole lot of money. My family is extremely bad with their money and I was the first person to actually ever buy a house. So it is difficult to get advice from them. This is by far the most money I have ever had and I am not entirely sure what I should do with it. Any suggestions or advice would be greatly appreciated. +AntiDoge token soon launching and the only purpose of the token is to kill Doge. We had enough of doge and the big daddy (Elon) of doge. It’s trash and we all know it. We can’t take this shit no more. + +Doge coin was started as a meme coin and it was all good there BUT now it’s a freaking scam coin manipulated by Elon and his so called fans. The impact is clearly shown on the whole crypto market. These guys bought so much of this shit and now pumping it, they crossed all limits when the clown tweeted that Bitcoin is useless and Doge is going to be accepted as payment, I mean WTF? Don’t you see the clear manipulation there? + +With this coin, we are starting this movement to get rid of Doge and give it a death it deserves. + +Join us on this long but definitely amazing journey. We will renounce the ownership and Lock LP for good, so there is no scam here. Just a real token with real purpose. The team behind the token is experienced, they are behind many successful projects and this one is just to start this movement, I mean, someone’s gotta do it. Team is going to dox same day we reach 500 Mil marketcap. + +Together we can get do this. Join the AntiDoge movement now. + +Important links and information: + +Telegram: https://t.me/antidogetoken + +Twitter: https://twitter.com/anti_doge + +Website: https://antidogetoken.com/ + + + +Contract: 0xd9d0ef79b44711c5eeee4ba0cf2fd5a7a36fcc57 +If banking were a commoditised business driven only by interest rates, HDFC wouldn't be where it is today. What did it do differently all those years back that allows it to command better interest rates (for itself) today? +I’ve read most of the usual recommendations but a lot are theory/ not really specific. + +What’s the most practical value investing book you’ve read? + +Would something like Benjamin Grahams interpretation of financial statements be worthwhile? +I was wondering for some time how can I calculate my portfolio return and compare it to S&P 500. + +I knew that the deposits to my account made over time will alter my real return, so I started a research and I found my answers on a Motley Fool article. This may be the single most useful article I have ever read on their site: [https://www.fool.com/about/how-to-calculate-investment-returns/](https://www.fool.com/about/how-to-calculate-investment-returns/). + +Now I can say that I'm proud with my results, because I always felt that I'm lagging the S&P when in fact I was overperforming it by a mile. Not trying to brag about it, just a friendly reminder that hard work and constantly learning pays off. And boy I learned a lot in the last 16 months and read every investing book that I could put my hands on. Below my results since started investing, June 30th 2020 to October 31st 2021: + +&#x200B; + +|Returns|Portfolio|S&P| +|:-|:-|:-| +|Total|74.46%|48.28%| +|Annualized|51.96%|34.47%| + +Hope this post helps and I'm waiting for your returns! +&#x200B; + +https://preview.redd.it/d5wzyodjtdl91.png?width=1039&format=png&auto=webp&s=5f8cf9cd556ce6bcf2c139c8c539f4b6cd88022c + +This time I will label it DD, because last time I was told I should.If you remember this post from u/deeproot3d : [https://www.reddit.com/r/Superstonk/comments/vyv9x4/part\_4\_critical\_margin\_theory\_shown\_in\_price/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vyv9x4/part_4_critical_margin_theory_shown_in_price/?utm_source=share&utm_medium=web2x&context=3) + +Then you read it 2 months ago around July 14th, before the subsequent run up. + +I had posted about this here on July 12th: [https://www.reddit.com/r/Superstonk/comments/vxfhdp/spygme\_back\_at\_it\_again\_testing\_that\_support\_gme/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vxfhdp/spygme_back_at_it_again_testing_that_support_gme/?utm_source=share&utm_medium=web2x&context=3) + +and 13th: [https://www.reddit.com/r/Superstonk/comments/vy3p15/this\_relationship\_will\_be\_truly\_tested\_todayweek/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vy3p15/this_relationship_will_be_truly_tested_todayweek/?utm_source=share&utm_medium=web2x&context=3) + +,where u/deeproot3d picked up on it and really helped me get this out there. + +First of all, this chart is inverse to GME price, but positive correlation with SPY. + +Now I have for you the other side of this spicy pepper.Once the SPY/GME price ratio reaches the green line on the top, that is basically the bottom for GME. They cannot push it lower, and then sudden buying starts. HOW CONVENIENT. Because we are almost at ER, on Wednesday, and we already bottomed out today on Thursday. + +They have brought down GME hard, and fast to get rid of paperhanded bitches. + +🟣The difference here between touching the top line (green) vs the bottom purple line is that BELOW the PURPLE line, hedgies are FUCKED. They are under-water, and their COLLATERAL is not enough, margin calls start going out and someone might get liquidated.I believe that happened on the week of August 1rd, when it closed below PURPLE line on the Friday, Aug 5st. Then Hedgies were fucked over weekend to cover, 20% jump on following Monday the 8th. + +This also leads me to believe that Shitadel borrow $600 Million the following Thursday the 18th, to get themselves out of the fucking hole they were drowning in from their own sweat, because on the 19th, suddenly the price ratio gaps up above the purple line and continues to fuck GME down 33%. + +🟢GOing ABOVE the GREEN line here indicates that price suppression has reached a limit. This does not mean absolute, because remember, Shitadel did borrow 600 Mil. But that doesnt mean that they are not about to get fucked. Above the green line means that they have neared their shorting capacity and they have about 10 days (as evidenced by the past) before some short covering starts and the price starts moving up in a positive trend for the next spike or cycle up. As you can see that shortly after a few days there is a sudden drop in the ratio towards the purple line. The past 2 times that has lead to 150% increase from the GME bottom to the GME peak. The GME bottoms happen at the green line touch. + +THIS HAPPENED TODAY. So if history repeats, I can safely mark today (thursday) as the bottom and watch GME jump at least back to $40-$45 in the next few days(about 60%), if not higher. 150% would be about $69. + +Again as i mentioned above, just check it out for yourselves, the dates March 18 and May 12. + +ENHANCE: + +[Shitadel borrowing money](https://preview.redd.it/ltgg8scb3el91.png?width=862&format=png&auto=webp&s=4f1c95724efa19a44473fe2a5c752a2974a99d54) + +[These 2 weeks ended below purple line, and the week after they got the loan to get above.](https://preview.redd.it/a5tqo0x04el91.png?width=962&format=png&auto=webp&s=b4c95e7ffbd5e45f4a14a9c4201860e88bf35a60) + +You might be wondering now, if at the purple line they dont have enough collateral so they are fucked, then how can they also be fucked at the top green line?Well if you look at it as, GME buyers are always buying and diamond handing, then it is simple. When we get to the Green line, there are too many buyers and not enough short sellers of GME. I mean this discount is NOICE!So then they cover their short position or too many apes buying and degenerates yolo calls, then they end up at the Purple line, not enough collateral. Then at the collateral line what can they do? Can they increase the collateral? Sure, they can cause a bear market rally and push up the markets. OR if the markets are already too high, for example week of march 28 and aug 8th, then they crush the price of GME, as the markets also come crashing down. Because it is a lot easier to move GME down by 10s of % than it is to move the whole market. So right now I think that GME is about to go up and the market is going to pull back up to try to keep up with it. Or they are going to go full force on shorting until something absolutely breaks the market if im wrong. + +Last note, remember, the Green Line is not a Critical margin line, it is basically a limit to their selling power, or it would be like the critical margin to apes' GME buying power (but it isnt because buying GME cant be done on margin and it isnt infinite risk. ) So i can best describe it as the a line that limits their ability to short GME. BUT, drop the market at this point and it gives them the ability to short GME some more, but only at the same rate as the market drops. + +Thanks, I hope you like my theory, i hope it checks out this one time. And I hope we all go to the moon soon. DRS your shit. + +&#x200B; + +Edit PS: I didnt say that today is moass. I didnt say that we cant go lower. I didnt say to buy options. Im saying that we are bottoming and the past few weeks of straight decline are about to end, don't be discouraged, buy more hodl drs. +Even though it's not an information to ignore, why isn't the age of the house mentioned in the ad or neither we have a filter on domain or RE to sort by age of the house? Like for a model for when buying a car? Any reason this information isn't publicised in the AD, is it just the normal way or any regulatory requirement of not doing so.. just curious, I maybe wrong. Keen to know your thoughts ? +This is probably said a lot here but I really came to understand it this week. Still kind of new but have a good understanding of options now. Pretty much was up 65% on my positions up to Thursday. I could’ve easily closed out here for a good week (+$400), but I wanted to see the options expire and gain the last $200. Friday comes, Bullard opens his trap, market tanks and my puts start going ITM. Lost all my gains for the week. + +So obsessed with getting the last $200 dollars I forgot that I gained $400. I won’t feel like I missed out going forward if I gain 60% - 70%. +[https://www.reuters.com/article/uk-apple-autos-exclusive/exclusive-apple-targets-car-production-by-2024-and-eyes-next-level-battery-technology-sources-idUKKBN28V2PU](https://www.reuters.com/article/uk-apple-autos-exclusive/exclusive-apple-targets-car-production-by-2024-and-eyes-next-level-battery-technology-sources-idUKKBN28V2PU) +"Most people used to cancel their cable-TV subscription only when they moved house, says Doug Shapiro, a former chief strategy officer at Turner Broadcasting System, a television company. Now, he says, they are “becoming accustomed to churning on or off over the quality of content”, signing up to devour the latest hit and then cancelling their membership. Apple TV+, which has the most serious retention problem, loses a tenth of its customers every month, according to Antenna, a data firm, meaning that every year it churns through the equivalent of more than 100% of its members (see chart 2)." https://imgur.com/a/83Wohkk + +https://www.economist.com/business/disney-netflix-apple-is-anyone-winning-the-streaming-wars/21807591 + +I didn't know there was lots of us that stop and start streaming services +When I was laid off/retired early at 40, my wife insisted I take out a $1M life insurance policy. It costs $818/yr for 20 years. After 20 years, my kids will be adults, so we no longer should have a need for the policy. The policy ends and it's worth nothing. + +After 8 years of paying the premium, my NW has is now 4x what it was before. If my NW at 40 was FIRE, now I'm definitely FatFIRE. If my family were to collect the $1M (and we sincerely hope they won't have reason to), it's not really going to make a difference to their lifestyle. + +My question is should I continue to pay the $818 per year for the next 12 years, or just cancel the policy? I certainly wouldn't be able to get this rate at my current age even though I'm healthy; however, I feel like I'm just throwing money away for relatively little benefit. +Not even sure if it this matters, but I feel like I should tell my story. + +Im the odd man out when it comes to a group of friends that are in the financial business. But I am close with one friend who had a bachelor party this weekend. + +The party was at the lake house of the chief regulatory officer for One of the firms mentioned. They are mentioned only a few times in the Maxine Waters report dropped on Friday or so he said (I’m still trying to catch up and read the report. Long weekend.) + +So sat morning we are sitting on the deck shooting the shit, and someone brings up latest SCOTUS news. The guy says “Thank god for that”. And then proceeds to tell us how perfect the timing was for the SCOTUS decision because it completely muffled the meme report. He spent most of the day Friday reviewing legal documents about this report. + +He then went on and started talking about Crisis management and how his days were hell around the sneeze. I have video of him talking about this. (Damn right I started recording) but I’m not sure if I should post. But one of the things he said word for word was: + +“That’s the report I was reviewing Friday all day. We were mentioned a couple times out of 138 pages so we totally missed it, it focused on like 9 other firms. But we stopped trading in GameStop and popcorn (he said the letters) because one of our clearing brokers was about to go out of business.” + +This is all a trust me bro source. Although I’m sure there are ways I could prove it. But my tits are so jacked from hearing how nervous they are right NOW. And they ain’t even one of the big firms. He also ended the conversation bashing retail and how we are trash for what we are doing. He has no idea I’m a 100% DRS’d Diamond handed ape. 😂 + +Not sure what to flair this so I’ll just choose Speculation/opinion. + +Keep holding apes, they are scared. 🚀 +Sukanya Samriddhi Account offered by Indian Post Office? + +**Its a 21 year lock in of 7.6%p.a interest compounded annually at the end of year. Max depositable amount is 1.5L per year.** + +The interest rate will only go down and you can not withdraw it unless the account holder can prove emergency. + +Seems like a lot of hoops to jump through. Since im new to investing, wont a Rs.12,500 SIP (Rs.1.5L/year) in an index fund give me much better liquidity and output after 21 years ?! +Repost from LinkTrader. + +The Tweet: https://twitter.com/hcltech/status/926683137924648961 + +The Article in the tweet: https://themerkle.com/what-is-chainlink/ + +Their Twitter: https://twitter.com/hcltech +**\*Obligatory** – I am not a financial advisor and I do not provide financial advice. Nothing contained within this post should be construed as financial advice. These are my conclusions from my own research with my own damaged brain. All investors need to do their own due diligence. Don't follow along blindly. Question everything, including my work. + +**TL;DR** + +I manually reviewed nearly every NPORT-P filing for this year containing GME shares. NPORT-P's are quarterly holdings reports for mutual funds and ETFs (funds). Using data within the filings I was able to estimate GME shares being lent out by these funds. The data will also show GME Swaps, Total Return Swaps, and short positions of these funds. + +The funds lending out their GME shares are exposing themselves and their investors to securities lending counterparty risks during MOASS. Securities lending is complex and exposes multiple parties to [risks.](https://deloitte.wsj.com/articles/securities-lending-a-focus-on-two-risk-areas-1495080131#:~:text=Lending%20agents%2C%20on%20the%20other%20hand%2C%20are%20broker-dealers%2C,risk%2C%20liquidity%20risk%2C%20operational%20risk%20and%20legal%20risk) + +*Funds that engage in securities lending typically lend their portfolio securities to broker-dealers which, in turn, generally* ***relend*** *the securities to hedge funds and other market participants looking to implement various investment strategies* **(short sell)**. [SEC](https://www.sec.gov/divisions/investment/securities-lending-open-closed-end-investment-companies.htm) + +Updated comment: This is not naked short selling right off the bat. Broker dealers are lending something they do not own to begin with. + +**Main Data Points:** + +* Reviewed **213 NPORT-P filings** for funds holding GME shares (for holdings dates of 11/30/21 - 1/31/22). 2 files were too large for my computer to open and I omitted funds with less than 100 shares (which was about 10 funds, I thought it would be more) +* **138** funds lent some of their GME shares +* **70** funds lent out more than **90%** of their shares +* Total estimated shares on loan for ALL funds equals **5.72M** (This does not equal short interest, merely the amount of securities on loan by these funds) +* **Largest 32** funds by "estimated shares on loan" account for **5.09M** of the total **5.72M** **(88.8%)** +* Estimated **47.8%** of ALL GME shares were on loan (including funds that are not lending GME) +* **8** funds holding GME "swaps"/"Total Return Basket Swaps" +* **8** funds short on GME +* **1** fund with put options + +Here's the search: [NPORT-P 'GameStop' Filings](https://www.sec.gov/edgar/search/#/q=%2522gamestop%2522&dateRange=custom&category=custom&startdt=2022-01-01&enddt=2022-03-25&forms=NPORT-P) + +**end tl;dr** + +I made a [post](https://www.reddit.com/r/Superstonk/comments/tj8fvc/my_broker_trust_issues_drs_is_the_way_some/) about Fidelity's funds' lending a bunch of GME shares about a week ago. I encourage you to read that post as it also lists more of the specific securities borrowers of those funds (big banks primarily). This post will not cover much of that information even though its an important piece of the puzzle. It just got to be too big of an undertaking. + +Anyways, here is the information I used to calculate the estimated shares on loan by these funds: + +[ Name of the Mutual Fund from the Filing](https://preview.redd.it/gpfsazdormp81.png?width=696&format=png&auto=webp&s=221fcce9aaae4c6623db8d56bb7730ca465be598) + +[ GME investment by the Fund ](https://preview.redd.it/u4l7kklrrmp81.png?width=703&format=png&auto=webp&s=49365dc8d7471a83b22083dc8612d7f76511f67f) + +[ Number of shares owned by the fund and value of the shares \($63M\)](https://preview.redd.it/h1d0phebump81.png?width=675&format=png&auto=webp&s=a174a9f9f676b4f9af70fbab8c1e433f9aa86e37) + +[value of securities on loan \($61M\)](https://preview.redd.it/dw3t3uxlump81.png?width=644&format=png&auto=webp&s=71cb2c472d32f77ddd2c3ab6e7edde7f4d71e6cd) + +**Math:** value of securities on loan **/** value of securities **=** % value on loan + +% value on loan **x** shares owned **≈** shares on loan 🤓 + +The above NPORT was filed on 1/25/22 for holdings on 11/30/21, and we'll be coming back to it in a moment. + +Now, let's jump into zee day-ta. + +# Top 32 Funds by "Value on Loan" + +[Get out your microscope, sorry for the small print](https://preview.redd.it/bwfevmeb6rp81.png?width=1721&format=png&auto=webp&s=f507a006b12353763516e27cee89611079cce50f) + +Estimated shares on loan for the top 32 funds = 5.09M ($765M based on stonk price at the time) + +# Top 32 Funds by % of Value on Loan + +https://preview.redd.it/kxfi6gzh6rp81.png?width=1719&format=png&auto=webp&s=39ae462ac681b7d0ef6d07506b40b9707eddda57 + +By % on loan, the top 32 funds all had at least 99% on loan... Yikes + +I'll post the entire list at the bottom of the post. **Familiar names, yes?** + +# Swaps + +Here's the list of funds containing Total Return Swaps (I highly encourage you to read u/Blanderson_Snooper's *possible DD*, the Ultimate Wargame Theory [here](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/), as it discusses their research into Total Return Swaps and how Citadel and a laundry list of bad actors, called the "Voltron Fund", have been using these derivatives to screw the banks over. Also, the Pomeranian's *possible DD* [here](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/)). + +https://preview.redd.it/8os2vkycxtp81.png?width=1443&format=png&auto=webp&s=96370b8da6aac3ba6be6e48a8f247e594f7a65f8 + +Here's two more that were labeled as "swaps": + +https://preview.redd.it/63l8zr7toqp81.png?width=1605&format=png&auto=webp&s=aa2dcd8b75d46e6504e3154aaebce745a7994787 + +# Short Positions + +Here's the list of funds that filed short positions: + +[Fixin to get wrecked](https://preview.redd.it/k6lgifau2np81.png?width=1789&format=png&auto=webp&s=74279b45d16ffddfd3a0e8e8b35482b215d13cf7) + +T. Rowe Price Multi-Strategy Total Return Fund also reported some puts with the New York Stock Exchange listed as the counterparty on a 3/25 filing... + +# Full List of Funds Lending GME Shares + +Alphabetically, based on the filing entity: + +https://preview.redd.it/9cu7cv37crp81.png?width=1785&format=png&auto=webp&s=11ffd6a3589524cf352cc9d6903dca0274d903b7 + +https://preview.redd.it/33ouxnj8crp81.png?width=1781&format=png&auto=webp&s=d1e115bcbe46f68198ea2abba45fef68922890b2 + +https://preview.redd.it/v9wj4as9crp81.png?width=1780&format=png&auto=webp&s=faeb95d2264b16d540dbb1c771c23cdfc9f1d2f9 + +https://preview.redd.it/k6o0vbwacrp81.png?width=1774&format=png&auto=webp&s=c98822fb751c3655a8e65f9a7fd5a0e7a582f842 + +https://preview.redd.it/h3t2pucccrp81.png?width=1780&format=png&auto=webp&s=48d236cc362e7df9649a927f56661fc573864e8e + +Soooo, not only are institutions shorting ETFs directly, but they're borrowing the underlying securities of the fund (to short) as well. What a fascinating system we're getting screwed by. + +Total Shares Owned by All Funds = 11.98M + +Total Shares on Loan by All Funds ≈ 5.72M + +Just for fun, here are **ALL the borrowers** of the **one** Fidelity fund I used as my example at the beginning of the post. This is the value of all securities borrowed, not just GME: + +Morgan Stanley **($911M)**, Goldman Sachs **($454M)**, Citi **($388M)**, BofA **($380M)**, JPMorgan **($321M)**, State Street **($239M)**, Barclays **($115M)**, BNP Paribas **($105M)**, UBS **($56M)**, National Financial Services **($32)**, Scotia Capital **($25M)**, BMO **($17M)**, National Bank of Canada **($17M)**, Credit Suisse **($7M)**, Nomura **($7M)**, ING **($6M)**, Jefferies **($5M)**, Wells Fargo **($2M)**, & Deutsche Bank **($1M)**... Someone(s) here is borrowing GME shares. See "B.4. Securities Lending" within the filing. + +That's a lot of securities on loan for this fund. Many funds loaning GME shares, list these same entities as the fund's securities borrowers. + +# The Counterparty Risk + +Here are some quotes regarding potential risks when SHFs fail to return all of their shares during MOASS: + +[Deloitte - Securities Lending](https://www2.deloitte.com/us/en/pages/financial-services/articles/addressing-securities-lending-risks-with-blockchain.html) + +***A typical securities lending transaction involves multiple entities: borrower, lender, lending agent, prime broker, and clearinghouse.*** *Lenders typically include various investment firms, as noted above, whereas, broker-dealers and hedge funds make up the bulk of the borrower group. Lending agents, on the other hand, are broker-dealers, custodial banks, and some large asset management firms as well.* + +***In almost every securities lending transaction, lenders are exposed to multiple risks***, such as counterparty default risk, collateral reinvestment risk, market risk, liquidity risk, operational risk, and legal risk. In particular, counterparty default risk and collateral reinvestment risk seem to have captured the most attention from regulators. + +[SEC - Securities Lending](https://www.sec.gov/divisions/investment/securities-lending-open-closed-end-investment-companies.htm) + +*Lending agents* ***often*** **(not always)** *indemnify* (protect) *funds against the risk that the borrower will fail to return the borrowed securities (to the extent that the value of the collateral is insufficient to replace the unreturned securities).* ***Lending agents, however, typically do not indemnify funds for losses incurred in connection with cash collateral reinvestment.*** + +[mutualfunds.com - Securities Lending](https://mutualfunds.com/education/mutual-funds-and-security-lending/) + +***When a fund lends the stocks,*** *these assets are not actually part of the fund, the put-up collateral is.* ***Typically, U.S. Treasuries or cash is used.*** *However, in recent years everything from mortgage backed securities and derivatives to letters of credit and other exotic I.O.U.’s have become commonplace. These sorts of instruments fluctuate in price and must be marked-to-market daily. That can actually affect the net asset value of the mutual fund if they swing rapidly. An additional risk is if the mutual fund invests that money in something less than desirable to juice returns.* + +*Secondly, if the collateral drops in value by too much, the investor borrowing the shares may be forced to add additional collateral or cover the short early. If they can’t,* ***the mutual fund and its investors are on the hook for the damage.*** + +# 🕸️⏰☎️💥 + +# fin + +[DRS is the way](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=BD&utm_medium=Search&utm_name=Bing&utm_content=PSR1) I am protecting my shares in the event my broker defaults and is liquidated [(741)](https://usbankruptcycode.org/chapter-7-liquidation/subchapter-iii-stockbroker-liquidation/section-741-definitions-for-this-subchapter/) from short selling OR securities lending counterparty losses. AIG's securities lending counterparties were bailed out [$43.7B in 2008.](http://graphics8.nytimes.com/packages/images/nytint/docs/aig-bailout-disclosed-counterparties/original.pdf) + +I'm not telling you that your broker will default. I'm also not telling you to DRS your shares. I'm simply saying that **I feel safest knowing most of my shares are on GME's books at Computershare** because when marge calls and the short sellers are liquidated, that exposure is going to be passed elsewhere, including to the funds and other entities involved in the securities lending listed above, and the other avenues we've done our DD on. + +*Buckle Up* + +Tanks fo reedin + +&#x200B; + +Here's the list of funds that are NOT lending GME shares for those that want to see that information as well: + +[Avantis U.S. Equity Fund cost basis doesn't add up so it's flagged](https://preview.redd.it/32kbtr059rp81.png?width=1366&format=png&auto=webp&s=c44193a1a58d197442998fb8542c7ffe6753dc19) + +https://preview.redd.it/eyzh0y079rp81.png?width=1367&format=png&auto=webp&s=81ef6718e2fe471f0a39d8dcf041c57d83a1f67a + +https://preview.redd.it/bbjqchc89rp81.png?width=1364&format=png&auto=webp&s=04368605d608297f2a3fe2b8c7ff2bf2622962b2 + +Note: There's still a few days of reporting left for this quarter. + +Edit: A few comments came in that this comment in the TL;DR is incorrect so I have removed it as the comments are right and I apologize for the mistake. "Wait a minute, isn't that naked shorting right off the bat? Oh, that's right, they are "*making a market*"." The correct phrase should have been, aren't broker/dealers lending something they do not own to begin with? + +Edit 2: Replaced comment in TL;DR + +Edit 3: Updated borrowing to lending in TL;DR because I'm dum. + +Edit 4: Added a missing "M" millions + +Edit 5: Removed some formatting issues +48M, 7.4M NW, $320k combined income, 3 kids + +Seeking advice on a land purchase. My wife and I own a 2nd home in another state, a cottage on a lake. We recently had our RE agent reach out to the owners of several lots across the road asking if they'd be interested in selling. They replied that they'd sell their 4 lots for no less than $150k, and that 2 of the lots had passed a septic survey - a perc test - meaning those lots would support a septic system, and are therefor build-able. $150k is more than twice what they paid in 2020, and far more than the lots are worth. However, they are worth more to us as they are right across the road from our place. + +The county had no records of perc tests, so we paid to have them done. One lot passed, the other did not. This is material because one idea was to scoop up the 4 lots, then sell off 3 of them, just keeping the one across the road from us. But, those 3 would not support a conventional septic system, making them harder to sell in the future. + +After the perc tests came back, we offered (on the advice of our RE agent), $100k. They declined, sticking to their $150k number. + +We can swing $150k, but I don't want to do something foolish by overpaying for the lots by double. + +**Pros to buying**: secure the lots across the road, prevent someone from building something hideous, maybe build another home or sweet lofted garage, increase the value of our existing place. + +**Cons to buying**: Feeling foolish, signaling to neighbors that we're idiots, etc. + +Any input or experience would be helpful. We have about a week to decide. + +UPDATE: Thanks everyone for the great comments and suggestions. You've convinced me to go for it. This has been really helpful! +Literally the ONLY thing that will get me to sell my GME shares is the back side of MOASS. + +Not FUD, not AMC, not price drops, not cryptoo, not messaging me, not marketed disinformation campaigns, not IAMGME hashtags, not flooding this message board with bad memes.....NOTHING + +LET ME REPEAT, NOTHING, will get me to sell my shares until MOASS.🚀 + +See y’all on the Moon. + +Edit: Thanks Apes for the awards! This was just my morning coffee rant! + +Edit #2: I had this calm come over me as I drove the kids to school this morning. A total realization and buy in to this whole experience. I can honestly lose what I have in GME, all of it, and still go on in life without much changing. But I now have reached a zen where I will have no emotion throughout MOASS selling on the way down. + Vanguard: "So what will you be transferring?" + +Me: "xxx shares of Gamestop worth about 33K" + +Vanguard: "Just Gamestop?" + +Me: "Yeah, I'm kinda yolod" + +Vanguard: "Okay and it looks like your brokerage account in Vanguard is..... also... all Gamestop.... And your ROTH is also.... all gamestop.... So, why gamestop?" + +Me: "Sir, I just like the stock" + +Vanguard: "Nice... Have you considered diversification?" + +Me: "Sir, I am diversified. I own Gamestop in my brokerage and ROTH accounts" + +Vanguard: "Nice, okay well I'm going to transfer you to a specialist who can help you with your transfer" + +HAHAHA I can't imagine this dudes reaction hearing that from a 19 year old who is yolod on GME. + +IDK how to use emojis on my desktop but diamond hands apes +I've been trying to tell everyone who I care about, "PlEaSe JuSt BuY oNe StOcK!" Just to be laughed at, argued with, or ignored. Fuck em' all I only care about apes now </3 +So if you don't know what the critical margin theory is, go read [THIS](https://www.reddit.com/r/Superstonk/comments/v6cwds/gamestop_critical_margin_theory) post. But I will show you guys/gals with [THIS](https://imgur.com/a/j89ynQw) photo, showing how the last 3 days' highs line up perfectly with the critical margin line I placed 2 weeks ago. I would also like to mention that on the date March 29, GME was halted, that is the first time since the sneeze that the price superceded the critical margin line. I really believe that, that line is very important, and at the current rate GME should be below $122.30 by July 29. If you dont already know, end of july is the dead line for Gamestop to release the marketplace. So if this theory is correct we should be expecting about -$0.80/day draw down, or halting/fuckery if it passes that line. Buckle up, buckaroo! +LAST EDIT; THIS THEORY HAS BEEN PARTIALLY DISPROVED BY DLAURER; [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/) + +THE ONLY RIGHT COURSE OF ACTION IS FILING A WHISTLEBLOWER COMPLAINT WITH THE SEC IF THESE PRICES HAPPENED TO YOU; [https://www.sec.gov/whistleblower](https://www.sec.gov/whistleblower) + +&#x200B; + +Dear Apes, + +&#x200B; + +As many of you know, there are multiple reports coming in from various ex-Robinhood apes showing at which prices their shares had to be bought and found in order to finish their transfer to other brokers. + +&#x200B; + +My Theory is based on this Hypothesis: [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/) + +&#x200B; + +Now from the numbers we see, RH paying upwards of 300 USD per share, we can be sure they are buying them from dark pools, not the open market as the price in the open market was multiples below the price they paid. + +&#x200B; + +If Citadel is the Designated Market Maker for GME and Robinhood buys their fake-ass shares to close the CFDs they have given out, that would massively increase the on balance capital citadel has, thus making a margin call harder to pull of. + +&#x200B; + +Let's try to speculate some ballpark numbers: If we estimate a SI% of 200 to 400% the total Float (2x-4x) and half of these shares are from Robinhood traders switching away, that means citadel might have been paid 1x-2x the float in shares at inflated prices of 300+ USD. Lets go with 1.5x the float for the calculation. + +&#x200B; + +30.000.000\*300 = 9.000.000.000 USD + +&#x200B; + +Now that's a sum and its the conservative of all calculations. Given that Robinhood severely postponed their IPO while also benefiting immensely from the crypto + stock trading volatility in Q1 of this year, its reasonable to expect they + +A. Could have that money + +B. Are incentivised (or forced, this is not the first time they are lying) to pay this premium to keep their Nr.1 Customer + +C. Postpone their IPO in order to delay the filing of any information regarding this shady transaction + +&#x200B; + +FYI, I am just a meming europoor so if anyone has any counter thesis or even better data that would disprove my theory, let them come my way ASAP as I am just as interested as the next ape to uncover the truth, the whole truth and nothing but the truth. + +&#x200B; + +**TL:DR: I am SPECULATING that RH is buying counterfeit shares from Citadel to increase their capital balance. There is a motive and some proof backing up this theory, but no definitive confirmation.** + +**As always, BUY, HODL, VOTE** + +&#x200B; + +**EDIT 1:** HOLY SHIT I got so many downvotes in the first few seconds but real upvotes are fighting back. Go Superstonk! Oh and btw, if you are still on Robinhood you're not retarded, you're just really fucking stupid. + +**EDIT 2:** Fresh from Bloomberg: ROBINHOOD - STARTING TO ROLL OUT IPO ACCESS, A PRODUCT THAT WILL GIVE USERS OPPORTUNITY TO BUY SHARES OF COS AT THEIR IPO PRICE, BEFORE TRADING BEGINS. Ask yourself in a world where banks make money from the IPO pop and scam everyone but themselves, why would Robinhood offer customers to buy their stock at the full IPO price before the IPO? Sounds like someone is pretty afraid of shit hitting the fan on IPO day LOL + +**EDIT 3:** Good question by fellow ape /u/Si5584 . Anyone got any ideas/theories? + +https://preview.redd.it/rfj8znvpna071.png?width=1416&format=png&auto=webp&s=2590ab41c067e5106874ffdb4d2584ea05622458 + +**EDIT 4**: Two good worth seeing by /u/David_BoBavid and /u/WisePhantom + +[I will have to check what \/u\/dlauer said about this, will get back to you ASAP](https://preview.redd.it/9qo0496zra071.png?width=1450&format=png&auto=webp&s=97d24fffbfd384447ea0a1367b2448faabd98f2f) + +[Nr. 1 is what has happened and is no counter argument to my theory, in fact its the basis of it. About Nr. 2: the price increases in the open market would correlate to they prices paid by RH which it doesn't unless I am missing something. Maybe need to find authentic shares for the transfer, in that case they might be buying them from paper hands with sell orders at 300+](https://preview.redd.it/pdmxctt3sa071.png?width=1472&format=png&auto=webp&s=325dad3d9900e0e8aa7cab2b6e6409c5634a6d03) + +**EDIT 5: Fellow ape** /u/skybuff **has sent me screenshots of some of his RH GME shares being bought for around 600$!** [**https://imgur.com/a/LXy7GSY**](https://imgur.com/a/LXy7GSY) + +&#x200B; + +https://preview.redd.it/92ko7hsf7b071.png?width=1080&format=png&auto=webp&s=40f89e072e65741ceb360e3b34e6312372c39fa1 + +EDIT 6: Fellow Ape /u/HubKap1853 has posted the following article about the whole situation with the OCC: [https://tokenist.com/recent-occ-regulatory-moves-indicate-gme-amc-short-sellers-may-go-bust/](https://tokenist.com/recent-occ-regulatory-moves-indicate-gme-amc-short-sellers-may-go-bust/) + +I just want to stress something: While we can agree with what is being said in this article, it is NOT an unbiased news source. The author works for an investment company that certainly has motivations. Possible conflict of interest here. Just saying, good news is good news but biased news are biased news. +Basically, the title says all. I've been doing PMCC for 2 years now. But as everyone knows the past 2 years have been the best bull market ever. So, this is question is for the OG thetagangers, who has 10, 15 + years of experience. + +Here's some details: + +Account size $300k margin account. + +I'm trying to switch to the wheel, selling .2 or lower delta options. I can use margin on puts if needed. + +So, in the mid to low IV environment, is it possible to make 2% a month on average on a consistent basis? +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. +I am sure I am not inventing anything here, but I wish I would have known this a few years ago.... + +I recently discovered the 1.5% cashback on my Capital One credit card, which also has no annual fee, has some meaningful value if applied strategically. I put all my family's monthly expenses on this card and then I pay it off weekly so I am sure not to earn a penalty or get behind. I track all my predicted and actual expenses on an Excel spreadsheet and can easily predict cash flow for the next two months. + + +With fuel, insurance, grocery, maintenance, child care, etc, hitting this card monthly, I earn WAY more than my dividend portfolio does each month. I then use the rewards to pay part of the credit card bill and transfer that same amount from my checking into my Vanguard to buy a high-yield dividend stock-- currently ORC. + +It ONLY works if you pay the card off in full each month. Otherwise, the high-interest penalty will make you upside down before you know it. + +I count the rewards as a free dividend and put it to work for me long-term earning additional dividends each month. + +Anyone else doing this? + +Last month, my portfolio returned about $20 in stock dividends and my rewards credit card earned about $130. I had not considered the rewards payment as a "dividend" when looking at my portfolio before-- but now that I do, I find lots of joy seeing $150 free dollars. +Hi, + +I do not invest in intraday, only in long term shares. Till a month ago I was using HDFC trading facility, as there are many other charges involved with each buy/sell, I had to maintain an excel with details of how much i was charged at the time of buying and selling to calculate my real profit. + +I feel with Zerodha, this tracking will not be required. Still I wanted to ask, do you guys use and portfolio tracker? if so for what reasons? +&#x200B; + +[ASX Uranium Market Close 2-Feb 2021](https://preview.redd.it/e2w60fd850f61.png?width=1085&format=png&auto=webp&s=54fe11a23444bcacf614b862ad384bc7a2f458f4) + +# Uranium Market Industry News + +* Kazataprom (world's largest producer of Uranium) announced **reduced production guidance** (as of 1st Feb 2021) for 2021 after significantly impacted 2020. +* Covid is affecting almost all of the world's largest mines with Cameco closing their two largest mines in Canada (Mac Arthur River and Cigar Lake) until Covid is brought under ontrol in the region (who knows when). and Kazataprom having now 128 workers out of 666 at their Katco mines now return positive result for covid. i.e. 1 in 5 workers having covid - will likely lead to mine closure or limitation of future works if not brought under control. + + **Solactive Index for Global Uranium & Nuclear - update effective 1st Feb** + +* The two largest uranium/nuclear ETFs updated their shopping list with addition of some ASX listed uranium companies to add to their ETF portfolios - effective 1st Feb, buying dates unknown. +* URA (Global X) added LOT, PEN, BMN and BOE +* HURA added LOT, PEN, BMN +* ERA has been removed from the index + + **Quarterly's For DYL, PEN, LOT and BOE** have been released in the last 2 weeks. Below is quick summary of company and key quarterly points. + Rocket Rating 🚀🚀🚀 + +# Peninsula Energy (PEN) + +**Market Cap**: $117.92M +**Price**: 0.132 \*2nd Feb 2021 time of writing +**Shares OS**: 893.35M +Rocket Rating: 5x🚀 + +https://preview.redd.it/kj9jzz0lzze61.png?width=1066&format=png&auto=webp&s=571fe33ba9f810a5122503548787f535dacba195 + +[Link to Dec Quarterly Report](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02333356-6A1016732?access_token=83ff96335c2d45a094df02a206a39ff4) \- released 25th Jan 2021 + +https://preview.redd.it/abhys3amzze61.png?width=668&format=png&auto=webp&s=5dee94c905b90beeb56aded5f7e4a41cdff4119c + + + +# Lotus Resources (LOT) + +**Market Cap**: $121.95M + **Price**: 0.14 +**Shares OS:** 813M +Rocket Rating: 5x 🚀 + +https://preview.redd.it/3r2yl5jk00f61.png?width=1060&format=png&auto=webp&s=fb0d30953eb83d6e3a696059a997bf546811105a + +[Link to Quarterly Activities report](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02334137-6A1017098?access_token=83ff96335c2d45a094df02a206a39ff4) \- released 28th - Jan 2021 + +[Company Presentation - released 2nd Feb 2021](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02336807-6A1018428?access_token=83ff96335c2d45a094df02a206a39ff4) + +# Deep Yellow Ltd (DYL) + +**Market Cap**: $161.62M +**Price**: 0.66 +**Shares outstanding**: 256.4M +**Rocket Rating**: 3x 🚀 + +[DYL quarterly - released 21st Jan](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02332453-6A1016291?access_token=83ff96335c2d45a094df02a206a39ff4) + +https://preview.redd.it/6j78kvof10f61.png?width=1066&format=png&auto=webp&s=ca8e644ef2c30e94eaff1c0ef65b67ad6a35e7d8 + +https://preview.redd.it/nqqivtng10f61.png?width=760&format=png&auto=webp&s=71987152d195eb1b2c3371284a2246e9c68e9c4a + +# Boss Energy (BOE) + +**Market Cap**: $181.46M + **Share Price**: 0.099 + **Shares on Issue**: 1.83B + **Rocket Rating**: 4x 🚀 + +https://preview.redd.it/03ch962j20f61.png?width=1060&format=png&auto=webp&s=dd08ec4c6690259c73133a94dcd92aed0fcfddbb + +https://preview.redd.it/ckp3vgn630f61.png?width=1054&format=png&auto=webp&s=1f7dd3b99b6c4a7b95629c5263a3db22a2e7d790 + +[Boss Energy Quarterly - 20th Jan 2021](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02331887-6A1016050?access_token=83ff96335c2d45a094df02a206a39ff4) + +&#x200B; + +Some great progress from PEN, LOT, DYL and BOE for the last quarter and some exciting milestones and announcements coming up in this quarter and the next. + +Just as the whole Uranium Market is starting to get more and more attention from large ETFs and fund management groups. Each week there are more analysts being brought on for consultation on the Uranium market. There is some **ETF buying from URA and HURA** due in coming weeks after most of the above stocks were added to their portfolio shopping lists. + +The **biggest catalyst now** to spark the **next big uranium run** is **once new long-term contracts** ) are signed at higher prices (and thus spot price) by the utility companies (power stations) and inventory builders. Production has been cut from last 10 years due to no mining investment (i.e. supply is down) but **demand has continued to grow at rapid rates**. For more on the Uranium market and economics [See here for Uranium market DD](https://www.reddit.com/r/ASX_Bets/comments/ixj5s3/the_emerging_global_uranium_bull_market_supply/) and feel free to look through previous post history for more individual stock DD. + + Happy investing and may your radioactive tendies be plentiful ☢☢☢📈💲💰👌 +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. +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) +It was funny and interesting, one of them works in cyber security and doesn't seem to know much, but the other was a high frequency trader, and the idea of retail buyers investing in companies like GameStop and other "meme" stocks was sickening to him, he spoke about it in the same demeanor that Anthony Chukumba did, he hates RC, he denied being long or short, but he wished me luck because he thinks RC is an egomaniacal kid who is leading a cult of kids who will forget all about GameStop in 3 years or so. He really hates the stock, he really seems to believe the MSM bullshit that we read and laugh about in here all day long! I guess it's easy to manipulate public opinion when you believe what you're feeding your targets! + +He told me to be careful and that this was all just a big gamble and that nobody needs GameStop for video games anymore (🤣😂🤣😂), little does he know! + +I told him I believe in the company and that I would buy the stock no matter what, particularly if the price declined, he knew he wasn't getting through to me, not that he cares but the conversation came to an end and it hit me... + +There are people residing all over the world, who think just like me... + +Short institutions are beyond FUK't! +RANT here just so disappointed. Sold our condo in December. Have the profit on hand. My parter and I have spent the last month waiting for court on our accepted offer (**$613,000**) on a foreclosure in Victoria BC. Brand new townhome, builder went into foreclosure. No families were displaced. This was actually a great opportunity for us being young to get in on affordable housing. We got notified 2 days before court there was another offer, but because its sealed we had the option to increase our offer without knowing their offer. the neighbouring townhome sold last week in court for **$625,100**. We really wanted it so increased our offer from **$613,000 to $637,300.** + +Just got news the competing offer was **$636,800.** We got it right?? + +Wrong, our closing date was set for 3 weeks after court but their offer was 2 weeks after court meaning they would start paying the bank 1 week earlier than we would and the interest rate worked out to make their bid **$148** more than ours when incorporating this "lost income". We were told if its a close call the judge *usually* goes with the initial accepted offer but the complete opposite happened. They incorporated lost income into working out the bid values rather than face value. + +basically, wtf. no one told us the potential interest lost by difference in closing date was incorporated into the bid price. we did not require 3 weeks we could pay the downpayment in cash next week. feeling so frustrated and hopeless we won't find anything. +I am young (19yo) and recently moved home with my parents after losing my job due to Covid. I am not in college and do not plan to attend this year, I stumbled into a new job this Summer. This was my first sales job it is entirely commission with no salary, I am easily 20 years younger than next youngest salesperson but I have become very good (I am top salesman in company for past 3 months). Being a commission-only pay structure my pay varies but I average around 10-15 thousand a month net with my worst month being only $6k and my best being $22k. It is the most money I have ever made and something I never expected to find not being in college. Plus I actually genuinely enjoy the job, it comes very naturally to me and I don't feel at all burnt out I enjoy all of my coworkers and consider them friends. + +My predicament is that I work a lot, typically 6-7 days a week often starting an hour early and being the last guy to leave. Basically I have just buried my head into this job and tried to sell as much as I can. I have next to no life outside work which has been fine for this year though it can be exhausting. I definitely have been feeling like I need a break. + +Then an old girlfriend came back home from college and we reconnected. We spent one weekend in an AirBnB and I think we both fell for each other again, she was always sort of the one that got away as she moved away for college in Hawaii this last year. I've always wished her and I had gone further. Anyway her and I have been seeing a lot of each other for past 2 months and for the first time I have felt very happy about something other than a paycheck. But she is going back to Hawaii soon. She has asked me to move back with her and I have told her that I would love to. She has her own apartment in Honolulu which her parents pay for, I could live there with her rent-free + +I hate to turn down an opportunity like this for something stupid like a job but this is a very well paying job (my company is known for having best pay structure and overpaying its salespersons). Everyone has hinted that I will soon be a manager and that is likely on the horizon for me within the next year should I decide to stay with this company. As much as I do like this job and like the pay I cannot see myself doing it for the rest of my life, my goal was to some day go to college and after to save enough to go on to start my own business. + +&#x200B; + +Do I leave this ridiculously well paying job with endless opportunity for growth and learning this industry to be with this girl or is that just silly? Or is it more silly to put something like a job and money before a once in a lifetime opportunity to follow a beautiful woman to live with her in Hawaii when I have no kids, mortgages, or obligations demanding me to earn? Has anyone here faced a similar choice or made a similar decision between choosing adventure/romance versus financial success? What should I do and what else should I consider? + +&#x200B; + +ALSO: If I do leave the job there are about $10-12,000 in commission I will not be paid due to the deals not closing until later this Spring. There may be a chance a coworker can take over the accounts and will still kick me back some but I risk leaving that much money on the table. +I'm 21 and this is my first phone contract / plan on my own. It's only me; one line. I have Verizon now which I upgraded to from Cricket. I went from a Galaxy S7 to a Galaxy Note 9. + + +I have unlimited data, unlimited talk and text, and the payment for the phone itself. That all adds up to about $140 every month, which my friends are saying is insanely high. Am I naive and getting ripped off? + + + +Edit: Itemization. I also was misleading in my post. My current bill is about $132/monthly. It would be about $150 *if* I upgrade to unlimited data is what I should've said. Anyway: + + +5GB data plan: $40/month + + +"Smartphone line access:" $20/month + +"Device payment agreement:" + + + +Device payment agreement: $41.66/month + >6/24 $749.88 remaining + + + +Here's what I found that I don't need or even know I had. "Total mobile protection" $15/mo and Verizon Cloud 500GB $5/month + + + +Surcharges & taxes are the rest. + + +It all adds up to $132.37 each month +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! + +I'm surprised I haven't seen this mentioned yet, but if Citadel has 59B under management and he is is giving 7 Billion back to his clients this year, some simple math implies that 7/59= 11.8% of the fund is being returned. If clients are capped at 6.25% withdrawals per quarter, then is it not extrely likely that half the money he manages has been doing the maximum withdrawals with year? If a client wants to withdraw the maximum, then 6.25% * 4 quarters is 25% total per year. Isn't it extremely posible that just under half his clients are trying to withdraw as much as posible? +This guy is taking loans out all over the place, their credit rating was downgraded, and Ken had to sell equity in his business for the first time ever to raise money. I find it extremely unlikely that someone raising as much money as he is will also voluntarily giving money back to his investors without them asking. +Would truly appreciate your input regarding whether it's financially wise (or unwise) to spend $200k for college. Created this throwaway account given that I'm sharing financial info: + +**In a nutshell:** + +\---- Married, both 48, low cost of living, aiming to retire at 56 + +\---- Net Worth: 2.7m (house included which is paid for $300k value). 400k in non-retirement accounts + +\---- Total annual income: $175k (secure jobs) + +\---- Total number of kids: 1 + +So..... my son is about to apply for colleges. He wants to go into business consulting (he's wanted to do this for a long time). He wants to apply to the Ivy Schools plus some others (e.g., Vanderbilt, Duke). He'll apply to 'safety' schools as well. From what I've read and what he has told me, business consulting (McKinsey, Bain, Boston) is one of the few industries where the prestige of a school actually matters both early in career and (to some degree) later in the career (though, MBA matters most later career). He has the grades, test scores, and extra curricular activities to be competitive for these high-level schools in terms of admission. + +Our goal is for him to not graduate with loans (or very low level of loans). These are the kind of schools that only give need-based aid primarily, not merit aid. We'd qualify for some need-based aid, but not a lot (according to colleges' net price calculators). + +**My question:** Given our financial situation above (I realize it's not detailed, but broad brush strokes), are we crazy to spend $200k for a college education? State school would be about half. + +Part of me thinks it's absolutely crazy to spend that kind of money, especially when our state school has a very good business program (but, the top consulting companies do not recruit there). On the other hand, I keep thinking to myself that we only have one child while other parents are spending on college for multiple kids. + +Thoughts? Any issues I should consider. Are we even close to a financial level that warrants spending this kind of money? Any experiences you can share that are similar? + +&#x200B; + +\---- Including this post in a couple different communities to obtain thoughts. +Not sure how negative interest rates works anyway?sounds like a theory that isn’t great in practice as I’d rather incur no interest than being charged. + +<edit elaborate comment> + +I should have mentioned, if you had savings, they’d charge you and hadn’t consider the alternative, if you had a loan. +There are a lot of restaurants in my city that are always super busy (like 30 minute wait time to get in) which suggests to me that their food is priced below market value since there is a shortage. Wouldnt it be in their best interests to raise the prices and make it less busy while collecting more profit? +My goal is to retire in the 1% of both net worth and retirement age. I’m doing this to give myself a hard stop so I don’t have an ever moving goalpost. + +According to [FinancialSamurai](https://www.financialsamurai.com/ideal-age-to-retire/), less than 1% of Americans retire under the age of 50. The 2020 1% net worth threshold was $11.1MM. + +I’m at 4.1MM(96th percentile) with 7 years to go. I have a chance at 1% X 1%. I have already hit my FIRE number, but since my youngest child has 7 more years until she starts college, I decided to set a time-bound stretch goal for fatFIRE +edit: thank you all for the outpouring of support. I am going to continue with the screening process. Upper-lower class, here I (hopefully) come. + +Like the title states, I was interview and received an offer for a government job making more than I would anywhere else. But a combination of over-extending myself financially and the pandemic shitting on me has me in financial ruin. There is no way I would pass a credit check to obtain security clearance. My husband thinks I should try anyway, but I don't want to open myself up to that level of humiliation and rejection. + +I get it, but at the same time, fuck. +Hi Reddit! I’m 28 years old, make 150k a year, live in the US, and currently have 100k in savings. In August 2022 I plan to take a year off to travel, self-discover, and spend time with family abroad. What is the best way to optimize my $100k savings to work for me as passive income? + +Edit: fixed a typo +I graduated last January with a BBA in Economics and I still don't know what to do. +I don't see myself working for the government nor the banking sector. + +Now it hit me, why most of the professors of the college of Business and Economics at my University carried bachelors in Economics but masters and Phds in something else, there are no jobs for us. + +I'm curious, what did you do with your degree? +I am calling it right now today we will se no more than 700-800k volume eod, and they stock will trade in a slow upwards trend. +Today might likely be the last day we will see volume this low. +The only other thought i have is that something big will happen today, cause reddit has been fuckin around alot lately and this post was almost impossible to make. + + +700-800k eod volume and 1 trillion RRP are my thoughts for the day. + +Edit: Since I'm being heavily ridiculed and getting slot of hate for my post i want to clarify what i meant about something big. +What i meant is that based on the volume and my OWN calculations that might be faulty 700-800k eod volume is my personal low point prediction for today, and that i don't think we will pass 1 million. + +I meant that if something big will happen it may interfer with my prediction. +For example if a shf really starts to close their positions or if we experience more fuckery in the form of another huge sell off by shorters like the one in March.. + +I haven't tried to promise anyone something big will happen i simply said. + +And btw if my prediction is right something big has indeed happened today 700-1 mil eod volume today would be huge. + +Since it's further proof of our thesis... + +PREDICTION will post down here if i got anything right. + +Something big: Chinese exchange * + +Volume: + +RRP: 927 billion. + +Edit 2: i have never gotten this amount of hate and condescending comments ever in my life about a post i made just for fun and to try and guess some things based on my own calculations and trends I've been noticing. + +I did flair it as opinion cause i didn't want anyone to think this was DD or some kind of absolute truth. +For the same reason i didn't post or talk about the calculations i have made myself so this could be mistaken as DD. + +By something big i never stated that it would show om today's Price, however ppl are failing to realize cause of blind hate towards me and the OPINION i tried to share that today's movement on the Chinese exchange is something really big. + +The RRP to 1 trillion was just my own personal fun xtra to go together with my volume prediction. +I also thought it would move upwards today witch it clearly did but i shot trough the ceiling and i think thats ok, it didn't matter to me so much to be wrong or right about it. + +As for volume i made this prediction 2 hours before market open based on previous volume in pre market and how it correlates to eod volume. My calculations got me to the number 745,xxx and i thought it was cool to share it. + +Of course i was early and i could have made a better prediction and i contemplated this with myself if i should wait with my prediction til i had more to go by. + +But i figured that it would be cooler to make it early, not to take a swing in the dark but to get a more wholesome and fun response. + +The truth is the longer you wait with calling something the later it just becomes the obvious and the prediction doesn't hold the same value anymore. + +However all the hate i am getting and people shit talking me really scares me, cause i have in no way tried to misslead anyone nor have i willingly tried to tell lies. + +You must understand that a prediction is just a guess and my guess was wrong i can deal with it why can't you? + +The slow upwards trend was a prediction based on most recent days and how my prediction on the new low volume would be shown in the price action. + +I was wrong here as well i am sorry if anyone is offended. + + +However i want to state that alot of our situation is based on predictions and it's something we should be more welcoming towards since it's the most basic reason we are here. + +And i don't know if all this hate was actual apes or if it was some kind of shill. +Cause with the sheer amount of hate and trashy comments i have gotten today i kinda don't understand the reason for a distribution of wealth if people this shitty will become millionaires. + +Anyways take care! And have a nice weekend i will not be on reddit for a while now.. i want to reevaluate this sub and reddit as a whole has become. + +Edit 3. Pls do not send more concerned redditor suicide watch things about me, i do not want to harm myself and tbh i find it quite offensive since i know people who sadly have taken their own life. And there is nothing fun with it. + +If this is real concerns you can stop with it. I am fine. +# THIS HAS BEEN ENTIRELY DEBUNKED. LEAVING FOR TRANSPARENCY. + +READ EDIT 5 AT THE BOTTOM. APPARENTLY THE IPFS HAS EXISTED ON GAMESTOP.COM SINCE JULY. + +So, we all remember the loopring github leak from october. It contained a link to + +[https://ipfs.nft.gstop-sandbox.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp](https://ipfs.nft.gstop-sandbox.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp) + +Well, at some point since then, a clone of this IPFS instance seems to have been deployed to the official [gamestop.com](https://gamestop.com) website. + +[https://ipfs.nft.gamestop.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp](https://ipfs.nft.gamestop.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp) + +~~Edit: Holy fuck. Loopring released their javascript sdk 3 hours ago:~~ [~~https://www.reddit.com/r/Superstonk/comments/qwnrhw/windatang\_published\_this\_3\_hours\_ago\_on\_github/~~](https://www.reddit.com/r/Superstonk/comments/qwnrhw/windatang_published_this_3_hours_ago_on_github/) + +~~I don't know when IPFS was deployed to the gamestop website, but~~ *~~if~~* ~~it was very recently, and the loopring SDK got released tonight... HOLY FUCK HOLY FUCK HOLY FUCK. The two things aren't~~ *~~necessarily~~* ~~related. But holy fuck, my tits are jacked.~~ + +~~Edit 2: Actually, it looks like the SDK was already public. Looks like it has been since at least october. Maybe even earlier? But a new version which allows for NFT minting was released 3 hours ago, so I'll leave the link to~~ /u/ryan12124\~\~'s post, just in case the two turn out to be related.\~\~ + +Edit 3: NFT minting was added to the loopring SDK \~20 hours ago. And there was a minor edit \~4 hours ago. Leaving my edits for transparency. + +Edit 4, for clarity: The loopring SDK stuff isn't directly related. If it had been Loopring's first public SDK release, that would have been massive, especially if it happens as GameStop is seemingly starting to deploy things into their production environment. + +Edit 5, this time actually related to the original topic: Apparently the subdomain has existed since some point in july. Check [u/hooper359](https://www.reddit.com/user/hooper359/)'s comment and post: [https://www.reddit.com/r/Superstonk/comments/qwn8ct/comment/hl426me/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qwn8ct/comment/hl426me/?utm_source=share&utm_medium=web2x&context=3) + +This certainly unjacks my titties quite a bit. However, I still think the contents I've linked to must have been added at some point after october 28th. There's no chance in hell nobody would have tried simply replacing "gstop-sandbox" with "gamestop" as the winda tang github leak happened. + +If nothing else, this at least arguably confirms that [gstop-sandbox.com](https://gstop-sandbox.com) is likely owned by gamestop. + +Edit 6: So apparently anyone can upload stuff the IPFS and it will sync or some shit like that. Basically: Even though the links are subdomains of gamestop.com, the files that can be seen haven't been uploaded to gamestop specifically. I won't pretend to understand how it works, just know that this post is entirely debunked. + + +Altknob's post explaining it all seems pretty solid I think: +[https://www.reddit.com/r/Superstonk/comments/qwwyel/important\_read\_about\_the\_current\_top\_post/](https://www.reddit.com/r/Superstonk/comments/qwwyel/important_read_about_the_current_top_post/) +Before you say OP is just mad because he is in the red: I am well in the green and I don't care even if there is a 90% flash crash, I only invest what I can afford to lose. + + +Every single time there there is a small correction this sub gets bombarded with "Did you buy the dip? Oh man you better buy the dip!", "What coins are you guys buying this dip?", "Yo, bro I wish the dip was 50% so I could buy more". + + +If people in this sub bought the dip as much as they claim to in their posts I am pretty positive we would have ran out of some coins in the market. To me these posts are no different than someone commenting "To the moon","When Lambo?" or "Nobody knows shit about fuck". Low effort bullshit that gets spammed over and over again. + + + Just buy whatever the fuck you want, at whatever price you want. +I’m sorry if this is the wrong sub but I don’t know where else to post. Some background: + +Late 30’s, no degree, not particularly smart or confident in my abilities. Worked retail from 17-23 when I landed ass backwards into a well paying mining type role. A job I was never particularly good at but one which paid well and I managed to struggle through and keep for quite a few years. I always had a feeling it would end eventually and that finally happened a few years ago. Since that time I have moved to a new state and have found myself working anything I can get. I have sent probably 100 applications for all types of roles over the past 5 years but I’ve only ever managed to get entry level retail jobs or other menial work. + +I’m fed up. I’m sick of dealing with the public and feeling like a complete failure going into my 40’s. I’m broke and my partner is basically supporting me at this point which I’m deeply ashamed of. I also have a pretty bad panic disorder and avoid looking at jobs that require a long commute by car (driving is a trigger). I don’t know what to do. I figured I could work hard on retail and earn a decent living by moving up the ranks but it’s just soul crushing and I honestly can’t see myself doing it any more. The pay sucks, the expectations are high and I have to work weekends and nights meaning zero work life balance. + +I just don’t know what to do any more. I don’t think I have the smarts or discipline for uni and I’m not sure it guarantees anything anyway. Especially trying to get a grad job in my 40’s. I feel like I have more to offer than what I’m doing but I lack the confidence and mental health to figure that out and jump in. + +Does anyone have any advice for me? I tried to book a careers counsellor and they had a 6 month waiting list. I just feel lost, mentally broken and ashamed. + +**EDIT I’m truly overwhelmed by all the responses, suggestions and support. I have a lot to think about and some active steps to take. I truly appreciate you all. Thank you!** +Correct me if I am wrong but the Soviet Union and consequently central planning are considered to be failures at least economics-wise. But I was bored and looking at GDP per capita over [here](https://ourworldindata.org/grapher/maddison-data-gdp-per-capita-in-2011us?tab=chart&year=1957&country=Former%20USSR+USA) and found that the USSR seemed to do quite well. Starting in 1921 at a GDP per capita of $1,051 and ending in 1991 with GDP per capita of $18,574 means that the USSR grew by 1657%. Doing the same thing over the same period with the USA results in them growing by 348%. My question is if the USSR grew so quickly then why are it and central planning considered a "failure"? +https://www.washingtonpost.com/news/wonk/wp/2018/05/15/satellite-data-strongly-suggests-that-china-russia-and-other-authoritarian-countries-are-fudging-their-gdp-reports/?noredirect=on&utm_term=.3e63b8e4697a +> On Friday, while announcing the monetary policy, the Reserve Bank of India (RBI) governor Shaktikanta Das announced enhanced limits for contactless card payments and e-mandates on cards (and UPI) for recurring transactions to Rs 5,000 from Rs 2,000. To promote the adoption of digital payments in a safe and secure manner, the central bank has proposed to enhance this limit, at the discretion of the user, effective from January 1, 2021. + +https://www.moneycontrol.com/news/business/personal-finance/rbi-increases-limit-for-transactions-using-contactless-cards-6189441.html +TL:DR - 10 months ago [u/jumpster81](https://www.reddit.com/user/jumpster81/) wrote up [THIS](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/) amazing piece of DD on bust out schemes perpetrated by Bain Capital and Mitt Romney. It seems that Wall Street has some way of internally sabotaging companies they intend to short. It seems like BCG is one of the tools used by Citadel and possibly other firms to do this. **IT GOES DEEPER THAN THIS THOUGH!** It's possible that the firms also defraud the companies **IN BANKRUPTCY COURT. Also possible they intentionally take these cases to the Court for the District Of Delaware because the judges are in Wall Street's pockets. The BCG Case was filed in the Court of Delaware. If BCG case goes to Delaware, entirely possible that Ryan Cohen will lose or walk into a trap somehow** + +# The BASICS + +* As u/jumpster81 wrote in his DD, the plan appears to be something like image 1, with similar conclusions being drawn today on the front page with image 2. A leveraged buyout is when someone acquires a company using a huge amount of debt (like 10% cash, 90% borrowed money) with the target company being posted as collateral. The target company is saddled with the debt afterwards. Jerome Powell himself made shit tons of money doing LBOs as I detailed in my video here: [https://youtu.be/930Dk2co7r0?t=212](https://youtu.be/930Dk2co7r0?t=212) + +[https://preview.redd.it/2cg2xmeg0fp81.png?width=702&format=png&auto=webp&s=5ad9294efef89ee0fbb215cd996c395121a7618c](https://preview.redd.it/2cg2xmeg0fp81.png?width=702&format=png&auto=webp&s=5ad9294efef89ee0fbb215cd996c395121a7618c) + +[https://preview.redd.it/0vpj0ngp0fp81.png?width=929&format=png&auto=webp&s=ad92a675accc1bb5b2d16597d90fda01810e3481](https://preview.redd.it/0vpj0ngp0fp81.png?width=929&format=png&auto=webp&s=ad92a675accc1bb5b2d16597d90fda01810e3481) + +* Tons of evidence for this - as u/Longjumping_College [pointed out today in his post](https://www.reddit.com/r/Superstonk/comments/tn2uuo/bcg_gave_consulting_advice_to_toysrus_as_well_as/) BCG gave consulting 'advice' to Toys R Us and Blockbuster. We all know how that ended up. +* [KBToys inexplicably decided to not sell video game consoles](https://www.nbcnews.com/id/wbna28179348) like the Wii during the holidays and their sales dropped 20% during the holidays which is usually a hot time for toy retailers. Bad advice perhaps? + +&#x200B; + +[https://preview.redd.it/az6p8kh92fp81.png?width=568&format=png&auto=webp&s=46e4986d18f80cbd15ebfd49ed0889521498df12](https://preview.redd.it/az6p8kh92fp81.png?width=568&format=png&auto=webp&s=46e4986d18f80cbd15ebfd49ed0889521498df12) + +# Shit Gets Real (Scary) + +This is the stuff we already know for the most part. Now here's where shit gets really real. + +* I've been following this sub for a long time, I've read countless DDs. This guy has popped up a couple times here and there, Laser Haas. Didn't think much of it until today. Laser Haas is the former CEO of E-Toys - one of the companies targeted by Mitt Romney / Bain Capital. He's been blowing the whistle on the crimes they committed for a long, long time. His story is big and super hard to wrap your head around but essentially - **Colm Connolly is currently the Chief United States District Judge of the United States District Court for the District of Delaware. He was ALSO Mitt Romney's lawyer and Bain Capital's partner and helped them commit the exact same types of crimes he's supposed to be currently prosecuting! Laser claims that, when his company eToys went to bankruptcy court, the law firm that was representing his interests in the case (MNAT) were ALSO secretly working for Goldman Sachs and Bain Capital! This is totally illegal in bankruptcy court and it's a huge conflict of interest.** You can read more about it [here](https://delawareliberal.net/2012/07/14/did-delawares-colm-connolly-run-interference-for-romney-and-bain-illegalities/) [here](https://www.dailykos.com/stories/2012/07/12/1108594/-Mitt-Romney-s-2001-Secrets-Lies-Assuring-Bain-Capital-Mitt-s-Politico-Inevitable-Demise) and [HERE](https://medium.com/@laserdliquidator). Proof that Colm Connolly worked for MNAT during the eToys bankruptcy case on the DOJ's website [HERE](https://www.justice.gov/archive/olp/colmconnollyresume.htm) +* THE KBTOYS CASE WAS FILED IN THE DISTRICT COURT OF DELAWARE, SO WAS THE eTOYS CASE!! Click 'Court Docket' here: [https://cases.omniagentsolutions.com/?clientId=2438](https://cases.omniagentsolutions.com/?clientId=2438) for proof that eToys' case was in Delaware and [https://www.nbcnews.com/id/wbna28179348](https://www.nbcnews.com/id/wbna28179348) for proof that KBToys' case was filed in Delaware. +* Laser explicitly stating that Colm and others are in the pocket of Bain Capital / Sachs / the powers that be [https://youtu.be/qv1YGJjmOpo?t=152](https://youtu.be/qv1YGJjmOpo?t=152) + +&#x200B; + +[Laser's blog post on Medium](https://preview.redd.it/1uanu71b7fp81.jpg?width=877&format=pjpg&auto=webp&s=3ec097b96d9f16e40da5b0ec1c5a1e111cdd8d30) + +**When I read that the BCG v GameStop case was filed in the court of Delaware, I got chills all over my fucking body. The corruption runs so much deeper than we can imagine guys. It's all a web of evil financial terrorism.** I seriously hope that RC can find a way to get it out of the court of Delaware. + +EDIT: It's being filed in Delaware because GameStop and pretty much every other company is incorporated in Delaware because of the lax business laws. That being said, it makes sense why the powers that be chose to take over Delaware court specifically and why they probably love Colm Connolly so much +Looks like Tommy boy has been consistently pulling money out of IBKR? + +On Friday, June 10th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $56.32, for a total transaction of $1,126,400.00. + +On Monday, June 6th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $60.87, for a total transaction of $1,217,400.00. + +On Thursday, June 2nd, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $60.40, for a total transaction of $1,208,000.00. + +On Wednesday, May 25th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $56.57, for a total transaction of $1,131,400.00. + +On Monday, May 23rd, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $57.65, for a total transaction of $1,153,000.00. + +On Friday, May 20th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $55.58, for a total transaction of $1,111,600.00. + +On Monday, May 16th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $54.99, for a total transaction of $1,099,800.00. + +On Monday, May 9th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $52.95, for a total transaction of $1,059,000.00. + +On Friday, May 6th, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The shares were sold at an average price of $55.63, for a total transaction of $1,112,600.00. + +On Monday, May 2nd, Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock. The stock was sold at an average price of $59.82, for a total transaction of $1,196,400.00. +Perhaps the biggest narrative on CNBC in the past few months has that the markets wanted divided government. This has been supported by nearly every anchor. This didn't happen and the market is booming. Be wary of what you hear in the financial news. + +-- + + +I'm not saying I know for certain why the market is going up today. I'm saying that CNBC was so sure it would go down on a democratic sweep and that's clearly not happening. Be careful about agendas in financial news, especially CNBC. It's all just confirmation bias day after day. (Not saying it doesn't have entertainment value; just be careful.) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + + +* * * +https://www.ft.com/content/9bd5e3f3-4d09-458c-b390-bc94b1f4a024 + +The original design for Nikola’s flagship truck was purchased by founder Trevor Milton from a designer in Croatia, according to two people with knowledge of the matter, despite company claims in a 2018 lawsuit that the vehicle was initially designed by Mr Milton “in his basement”. + +The truck, the Nikola One, is at the centre of a $2bn lawsuit with Tesla, in which Nikola alleges its rival infringed on its patents. Nikola claims in that lawsuit that Mr Milton began designing the model in 2013, with other company staff later working on it. + +In a rebuttal to the lawsuit filed last week, Tesla alleged that Nikola could not protect the designs because they did not originate from the company itself, but from Adriano Mudri, a designer based in Croatia. + +Two people with knowledge of the transaction told the Financial Times that the Nikola founder bought the designs in 2015 after meeting Mr Mudri while visiting electric supercar maker Rimac in Croatia. + +While Tesla’s filing identifies the designer as the source of the original truck drawings, it does not contain details about the transaction, explain that money was exchanged, or that Mr Milton himself orchestrated the purchase. + +The latest twist comes with Nikola still reeling from accusations earlier this month that it passed off purchased technology as its own, covering supplier names on key components with stickers when making promotional videos. Nikola said it never claimed it made the components. + +In a report that sent Nikola’s shares tanking, Mr Milton was accused of spreading an “ocean of lies” about the company’s technology and its products by short seller Hindenburg Research. + +A little over a week later, Mr Milton decided to leave the company, telling staff he planned to defend himself “against false allegations levelled against me by outside detractors”. The 39-year old founder has repeatedly insisted that he has not lied to or deceived anyone about the trucks. + +The lawsuit with Tesla, filed during Mr Milton’s tenure, centres on the origins of the designs for the “Nikola One” truck. + +The company claims that Mr Milton worked for two years on the truck before, unsatisfied with his designs, he hired designer Steve Jennes in 2015. The lawsuit says the pair then crafted the final design between them in a lengthy process. + +When it was finished, Nikola had spent “several million dollars developing the Nikola One”, according to the lawsuit. + +In its rebuttal, Tesla said that the designs for the model originated from Mr Mudri, a designer at Rimac, who had dubbed it the “Road Runner”. The design’s origins could raise further questions about Nikola’s intellectual property. + +“Trevor Milton chose not to disclose the Road Runner concept truck to the [US Patent and Trademark Office] with deceptive intent,” Tesla said in its filing. + +Nikola said: “The Nikola One truck was designed and patented by Nikola. It is commonplace to license third party designs during vehicle development, and although early in the process Nikola purchased a license to Antonio Mudri’s designs, he was not part of the design team and his designs are materially different from the design invented by Nikola for the Nikola One.” + +According to several people with knowledge of the deal, Mr Milton sought, unsuccessfully, to collaborate with Rimac on a range of projects in 2015. + +On a trip to Rimac’s headquarters on the outskirts of Zagreb, he met Mr Mudri, the company’s designer, who had designed a futuristic truck as part of an earlier diploma project. + +Mr Milton purchased the computer drawings and virtual 3D model of the vehicle for several thousand dollars from Mr Mudri, according to two people. + +The Road Runner name lingered for months. A person familiar with the development of the Nikola One said that “Road Runner . . . was the internal name for Nikola’s project the entire time we worked on it”. + +A screenshot of a Nikola document seen by the Financial Times, shows 13 people being invited to collaborate on the “Nikola Roadrunner Prototype Project”. + +Another screenshot shows an early version of Nikola’s website depicting a truck that appears identical to the Road Runner in Tesla’s court filing. + +Nikola did not mention Mr Mudri, or Rimac, or say that the designs were purchased, in its 2018 filing against Tesla. + +Representatives for Mr Milton declined to comment. Rimac also declined to comment. +I went from making $15 an hour 10 hours a week... +To $23 hours an hour and 30 hours a week! I’m eternally grateful for this increase. I know it’s still not major money but for me it helps a lot! +Thought this might be of interest: + +>The tax will begin as a 1.25% rise in National Insurance from April 2022, and will be a separate tax on earned income from 2023. +> +>Under the social care plans, no-one will have to pay more than £86,000 for care across their lifetime, while anyone with less than £20,000 of assets will get free care. +> +>People with less than £100,000 of assets will see their care costs subsidised. + +[https://www.bbc.co.uk/news/uk-politics-58476632](https://www.bbc.co.uk/news/uk-politics-58476632) +Calgary, Alberta (May 9, 2022) – Suncor (TSX: SU) (NYSE: SU) Energy’s Board of Directors has approved a quarterly dividend of $0.47 cents per common share representing a 12% increase over the prior quarter dividend and the highest quarterly dividend in the company’s history. +TL;DR: An NFT Spin-Off for MOASS? GameStop has confirmed a partnership with Immutable X and Loopring. Combined, these company partnerships actually provide the foundation tools for GameStop to announce an NFT spin-off!! What does this mean? More details below, but it means all shareholders would be introduced to GameStop's new NFT Marketplace! + +GameStop could spin off their NFT Marketplace division as a separate company with its own stock, but issued as NFT units'. Shareholders would receive an NFT 'unit(s)' for every $GME share(s) they own. Any market participant that holds a short position in GME would need to provide an NFT 'unit' for their counterfeit shares - which of course they don't have. If the NFT 'unit' is issued by GameStop in such a way that shorts cannot substitute a cash equivalent for the unit offering - the shorts will be *forced* to cover! R.C.'s '*Checkmate*'! + +[*https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x*](https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x) + +***The genesis of this post: is from*** [***u/OGBobtheflounder***](https://www.reddit.com/user/OGBobtheflounder/)***'s post today and a post I had made based off*** [***u/HODLTheLineMyFriend***](https://www.reddit.com/u/HODLTheLineMyFriend/)***'s theory back in 2021.*** + +&#x200B; + +In [u/OGBobtheflounder](https://www.reddit.com/user/OGBobtheflounder/)'s [post](https://www.reddit.com/r/Superstonk/comments/sjtzck/the_immutable_x_licensee_agreement_is_between_gme/) he highlights: + +The part that stuck out to me is that this partnership with Immutable X is not a direct agreement with GameStop Corp. (the parent company whose shares we all own), but rather a license agreement with "GME Entertainment, LLC". + +GME Entertainment, LLC is not a new company or a new name. It seems that the whole NFT division that GameStop has been forming within their company has been doing business under the GME Entertainment name this whole time. So, what's the big deal? There is a juicy line in the agreement on page 3 that caught my eye... + +*"To the extent any change of control occurs (for GME Entertainment, LLC) that results in Licensee no longer being a wholly-owned subsidiary of a publicly traded U.S. company"* + +and he postulates: + +*"GameStop could split off the NFT division of it's company into a new company. The new company would not have to issue shares on the NYSE, but instead could be publicly tradable on the blockchain using NFT tokens (since this is a main part of it's business model). Initial ownership could be distributed to existing shareowners of GME stock via NFT tokens."* + +&#x200B; + +**Well.. .**[**u/HODLTheLineMyFriend**](https://www.reddit.com/u/HODLTheLineMyFriend/)**'s theorized:** + +June 9th, 2021 GameStop prospectus. Buried in there without much fanfare was a section that describes exactly what they're going to do .... it is the missing piece that ties it all together.GameStop defined a new type of offering: a "unit" for any future "prospectus supplement". The June 9th offering was also a "prospectus supplement", so they may be planning at some point to publish a new prospectus filing with the SEC defining the specifics of the "units." + +&#x200B; + +* The units will be issued in "distinct series," ie. numbered items in a collection. They cannot be duplicated. NFT fits this like a glove. +* They will be issued by a "unit agent" to be designated in the supplement. Could be CS, could be the NFT spinoff, who knows? +* Units will combine "two or more securities". Unit holders will hold each security in it with all shareholder rights. *Hold AND Hodl?* Will do\*.\* +* Units will be transferable "for a specified period of time" only by themselves. This is to bundle the price of "GameStop and Gmerica \[GME Investments LLC\]” together for a while, until the spinoff has gotten momentum, earned revenue, and is ready to be out as a public company. +* There will be "material U.S. federal income tax considerations." Really? Why would that be? Oh, wait, that would probably mean shareholders are getting something of value that they must pay taxes on. OK, so what if every shareholder trades in their GME share for a new GME Unit that contains their GME share plus 1 GMErica \[GME Investments LLC share\]? That'd be like getting a dividend, especially if the LRC it took to make the share cost $3 USD. But it's not a cash dividend, and not a generic crypto NFT that has some undefined value. The cost basis for taxes is $3 and it has some unknown market value. +* You can't break out the GMErica \[GME Investments LLC\] share and resell it. This way the short market participants have no way to acquire the share/unit. Aw, too bad, SHFs! Better get started closing your naked shorts! oops, MOASS! + +In conclusion, I think that GameStop is poised to announce that they are spinning off their NFT Marketplace division as a separate company with its own stock, but are issuing new "units" that will contain 1 share of GME and 1 share of the spinoff NFT Marketplace. These units will be tradable on their NFT marketplace or a DEX of a similar kind, and cannot be separated for some period of time. + +*Prospectus:* [*https://news.gamestop.com/node/18961/html#supprom192873\_24*](https://news.gamestop.com/node/18961/html#supprom192873_24) + +&#x200B; + +***Important Edit:*** + +Credit to u/FiveEggHeads for this update he messaged me with: + +I can’t post because I’m just a lurker and investor. I would love it if you could edit your post to point out to people that the language you reference about units in your post existed for the first time in the December 8, 2020 registration filing by GameStop. + +That filing was the first major update the company had made about their common shares and securities since 2006. The filing was also done only two weeks prior to RC purchasing his final batch of GameStop common shares to reach 9,000,001. + +Everything you’re describing dates back to before the sneeze and I firmly believe has been part of the plan that RC had for the transformation company since the very beginning. + +&#x200B; + +# $GME go BRRR! + +*Buy, Hodl, DDRS & 'Share the Story'* + +&#x200B; + +*DISCLAIMER \*\* Information contained in this post has been compiled from sources believed to be reliable. No representations or warranty, express or implied, is made by as to it’s accuracy, completeness or correctness. All opinions, estimates, and comments contained in this post are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this post or the information contained herein.\*\** +Everyone on the short side of this trade has a lot further to go on their grief journey of course. But they’re making progress, even if they don’t know it. The shock and denial they first experienced has long since made way for anger and bargaining. + +Next up for them will be feelings of depression and loneliness as their house of lies comes toppling down around them. They’ll probably cycle back around to denial again in a feeble attempt to protect their fragile psyches as GME begins its ascent out of the atmosphere on its way to Andromeda. + +Their grief journeys will end with acceptance, as all grief journeys do. Or they can not accept it and remain in denial, makes zero difference to me. They can’t will their denial into reality this time. It’s not over because they say it’s over. Them saying it’s not going to happen can’t stop it from happening. + +Get ready for the fireworks as the anger and bargaining, the phase they’re collectively currently at, grows more intense and desperate in the face of mounting evidence that the loss they’ve experienced is very real and happening with or without their say so. +As the question states, at what point or dollar figure in your net worth did you officially feel like you were wealthy/rich? I suspect it’s all relative but I’m curious to see at what point you felt that you officially “made it.” +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! + +I was surprised on my last post to find so many people have very large amounts in their offset account, I'm talking $100'000's.... why so much? Wouldn't you get better gains investing in shares and only putting your emergency fund + short term financial savings in the offset. + +I understand as rates go up that decision might change but with those values I assume you've had a large amount in the offset for a while +Hi, I created an option trading algorithm and have been paper trading it for some months with good results. an actual backtesting is hard, as I don't have very good sources for daily option prices. The strategy at its core is very simple and is very risk defined. + +Given historical movements of an ETF (only trades ETFs) it calculates a confidence interval of 80% of where the stock could be in X days. it then sells 1$-wide iron condor where the max profit is at least 40$ (hence max loss would be at most 60$, being these 1$-wide). so, if my confidence interval is really correct, I'd presumably win 80% of the times, and the overall strategy would overall have a very positive outcome. + +Now, clearly it all boils down on how good is the algorithm at predicting the 80% confidence interval, but the 40/60 payout structure would allow my prediction some room to be wrong and still be positive overall. And the reason why I am only trading ETFs is because these confidence intervals can be assessed more reliably. I am currently testing it with expiration dates anywhere from 1 day to 1 month. + +Another thing I am planning to add is some diversifying mechanism so that I'll buy options across less-related underlying equities (commodities, metals, SP500, technology, bonds, etc). + +What do you guys think about this? Am I missing something glaring that makes this unfeasible? I am planning to start using this strategy in the next couple of weeks. +They can no longer manipulate retail with buying and selling, shorting, and having MSM say retail is selling. Bad days no longer have any psychological effect on GME shareholders. But here is their first attempt at destroying morale through rug pulling DRS. They are creating a new play book based off retails new play book. Which we all knew they would do. In my last thread about this someone replied, "I will wait to see their 13fs filed for this type of thing" as if they care about transparency and being honest. + +&#x200B; + +Their only chance of survival is the DRS balances out. To hit a point where it seems like more people sell their DRS shares than transfer in. That's it. They are throwing everything they have at manipulating retail, I made a post about this last week. You either give up, or you prepare yourself for DRS fuckery, because they will do ANYTHING to get you to sell your shares. Buy, DRS, and know what you hold. + +&#x200B; + +Check my post history. + +&#x200B; + +\*edit. Now prepare yourself for msm to finally talk about DRS. They would never talk about DRS when good things were happening, which was odd. How can they ignore the little guy story? The Rocky story. The Rudy story. The poor guys all individually supporting a ticker to get a once in a lifetime win. The american public loves the story of DRS. Dead silence. Crickets. If the DRS rug pull was the play book, be prepared to hear all about DRS now and how retail has finally given up on it. In essence, the exact same play book as what they did on red days, except now with DRS and quarter reports. + +&#x200B; +As you probably know, the suez canal is blocked by a fucking huge shipwreck. The last time it was blocked was in 1967. What happened in 1967? Ships heading to Europe from Asia had to go around the horn of Africa, adding up to 12,000 miles to their journey. + +This meant that the crews had to stop along the way for fuel and provisions. They stopped at the biggest port in Africa which was in South Africa. Many companies also offloaded goods at a discount in South Africa. + + This sent the entire economy of South Africa into hyperdrive. Look at a GDP chart for south africa and you'll see the huge jump in 1967. Their stock market rallied because of it too. + +The same dynamic is playing out today. Suez canal has been blocked for 4 days. It is likely to be blocked for MONTHS. That means a lot of ships will be stopping in South Africa, sending their economy to the moon for thhe first time since the 1960s. + +The guy who was trying to short south Africa ETFs a while back had some solid DD, but the suez canal blockage is about to suck all the money out of his brokerage account. That ship has been there for 4 days and there is no sign that it will be out soon. Most likely it will be MONTHS of losses for him. + +Oh yeah, and if I'm wrong? Their stock market is one of the cheapest in the world from a value perspective. AN etf that tracks their stocks Is trading at less than 4x earnings. If youre a boomer, youll love the 5% dividends too. + +TL;DR get your south african tendies while they're hot. +Brand new tokenomics that actually work! + +$REBOUND is on BSC and listed on Pancakeswap V2. Its tokenomics are very intriguing and they work! This is the first of its kind and I think after this, there will be a huge wave of "-BOUND" tokens. + +Here are some of the fascinating tokenomics: + +1. You can only sell 30% of what you hold per transaction. (Anti-Whale measures). + +2. If you make more than 1 transaction per day, your tax is doubled to liquidity (Anti-dumping) + +3. 12% tax (7% to liquidity and 5% per tx redistributed to Rebound holders) + +It has a familiar concept to many other coins, but the first 2 are what sets $REBOUND apart from the likes of $SAFEMOON, or all the other BSC coins. Its an anti-dump coin that actually works and the first few hours of listing is evidence of that. + +Contract: 0xd26c2cbb5df77bd5c20667de48145151674158ad + +Telegram: +@ ReboundOfficial + +The developer is very transparent on TG and is very helpful in answering questions. + +Renounced ownership + +Liquidity burned + +Great things are to come with $REBOUND and I'll say it again, a new wave of "-BOUND" tokens are to come after this! +*“Ben Graham, my friend and teacher, long ago described the mental attitude toward market fluctuations that I believe to be most conducive to investment success. He said that you should imagine market quotations as coming from a remarkably accommodating fellow named Mr. Market who is your partner in a private business.* + +*Without fail, Mr. Market appears daily and names a price at which he will either buy your interest or sell you his.* + +*Even though the business that the two of you own may have economic characteristics that are stable, Mr. Market’s quotations will be anything but. For, sad to say, the poor fellow has incurable emotional problems. At times he feels euphoric and can see only the favorable factors affecting the business.* + +*When in that mood, he names a very high buy-sell price because he fears that you will snap up his interest and rob him of imminent gains. At other times he is depressed and can see nothing but trouble ahead for both the business and the world. On these occasions he will name a very low price, since he is terrified that you will unload your interest on him.* + +*Mr. Market has another endearing characteristic: He doesn’t mind being ignored. If his quotation is uninteresting to you today, he will be back with a new one tomorrow. Transactions are strictly at your option. Under these conditions, the more manic-depressive his behavior, the better for you.* + +*But, like Cinderella at the ball, you must heed one warning or everything will turn into pumpkins and mice:* ***Mr. Market is there to serve you, not to guide you****. It is his pocketbook, not his wisdom, that you will find useful. If he shows up some day in a particularly foolish mood, you are free to ignore him or to take advantage of him, but it will be disastrous if you fall under his influence.* + +*Indeed, if you aren’t certain that you understand and can value your business far better than Mr. Market, you don’t belong in the game. As they say in poker, “If you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy.* + +*…\[A\]n investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace. In my own efforts to stay insulated, I have found it highly useful to keep Ben’s Mr. Market concept firmly in mind.” - Warren Buffett* +I just got off the phone with a customer service manager at Fidelity, whom I was routed to after initially calling to Directly Register (DRS) the remaining shares of $GME that I have in Fidelity. After spending over a half-hour on the phone with this person and asking numerous times who the counterparty was that made the $2B "error" regarding shortable $GME shares, he informed me that the counterparty is a company called "Knight Brokerage". + +Why is it that the counterparty's name cannot be mentioned yet on reddit, but it can be discussed via phone calls to customer service managers when customers call in to ask for the name of the counterparty? Why is Fidelity covering up for this "Knight Brokerage" if the error was not something that originally stemmed from within Fidelity's internal systems? To me, this makes this situation seem even more fishy, and has confirmed that I am making the correct decision to DRS 100% of my $GME shares. + + +**EDIT:** It is more than likely that the Customer Service Manager I spoke with today misspoke. Maybe a Freudian slip? "Knight Brokerage" appears to be a trucking group, while "Knight Capital Group" appears to (more than likely) be the counterparty we have been looking for. More information on KCG can be found in /u/elonmusksaveus /u/NotBerger and /u/Swannie69 's comments below: + +https://www.reddit.com/r/Superstonk/comments/r6l6rf/knight_brokerage_is_the_counterparty_that_made/hmu360a/?context=3 + +https://www.reddit.com/r/Superstonk/comments/r6l6rf/knight_brokerage_is_the_counterparty_that_made/hmu0vye/?context=3 + +https://www.reddit.com/r/Superstonk/comments/r6l6rf/knight_brokerage_is_the_counterparty_that_made/hmtvlaj/ + +**EDIT #2:** /u/RAdm_Teabag has brought it to my attention that Knight Swift Transportion filed a schedule 13G this year naming FMC and Abigail Johnson as a significant shareholder (about 12 million shares). Abigal Johnson is the current CEO of Fidelity. + +https://d18rn0p25nwr6d.cloudfront.net/CIK-0001492691/8aa80f71-b98a-4867-b438-ca4d5419afb4.pdf +## 1) Initial information gathering and filtering + +Once I identify something that looks like a good potential investment, I first go to the CoinMarketCap page for that symbol and look at the website and blockchain explorer. + +- Critically evaluate the website. This is the first pass of the bullshit detector and you can tell from a lot from just the website whether its a scam. If it uses terms like "Web 4.0" or other nonsensical buzzwords, if its unprofessional and has anonymous teams, stay away. Always look for a roadmap, compare to what was actually delivered so far. Always check the team, try to find them on LinkedIn and what they did in the past. + +- Read the whitepaper or business development plan. You should fully understand how this crypto functions and how its trying to create value. If there is no use case or if the use case does not require or benefit from a blockchain, move on. Look for red flags like massive portions of the float being assigned to the founders of the coin, vague definition of who would use the coin, anonymous teams, promises of large payouts...etc + +- Check the blockchain explorer. How is the token distribution across accounts? Are the big accounts holding or selling? Which account is likely the foundation account, which is the founders account? + +- Read the subreddit and blogs for the cryptocurrency and also evaluate the community. Try to figure out exactly what the potential use cases are and look for sceptical takes. Look at the Github repos, does it look empty or is there plenty of activity? + + +## 2) Fill out an Investment Checklist + +I have a checklist of questions that I find important and as I'm researching a crypto I save little snippets in Evernote of things that are relevant to answering those questions: + +- What is the problem or transactional inefficiency the coin is trying to solve? + +- What is the Dev Team like? What is their track record? How are they funded, organized? + +- Who is their competition and how big is the market they're targeting? What is the roadmap they created? + +- What current product exists? + +- How does the token/coin actually derive value for the holder? Is there a staking mechanism or is it transactional? + +- What are the weaknesses or problems with this crypto? + + +## 3) Create some sort of consistent valuation model/framework, even if its simple + +A simple model that just tries to derive a valuation through relative terms will put you above most crypto investors. Some simple valuation methods that anyone can do: + +- Metcalfe's Law which states that the value of a network is proportional to the square of the number of connected users of the system (n2). So you can compare various currencies based on their market cap and square of active users or traffic. + +- Another easy one is simply looking at the total market for the industry that the coin is supposedly targeting and comparing it to the market cap of the coin. Think of the market cap not only with circulating supply like its shown on CMC but including total supply. + +- If its meant to be just used as just a currency: Take a look at the circulating supply and look at the amount that is in cold storage or set to be released/burned. Most cryptos are deflationary so think about how the float schedule will change over time and how this will affect price. + +Once you have a model you like set up, you can compare cryptos against each other and most importantly it will require that you build a mental framework within your own mind on why somebody would want to own this coin other than to sell it to another greater fool for a higher price. Modeling out a valuation will lead you to think long term and think about the inherent value, rather than price action. + +Once you go through this 3-step methodology, you'll have a pretty good confidence level for making your decision and can comfortably sit back and not panic if some temporary short term condition leads to a price decrease. This is how "smart money" does it. + +## Think about your portfolio allocation + +You should think first in broad terms how you allocate between "safe" and "speculative" cryptos. For new investors its best to keep a substantial portion in what would be considered largecap safe cryptos, primarily BTC and ETH. I personally consider XMR to be safe as well. A good starting point is to have between 50-70% of your portfolio in these safe cryptocurrencies. As you become more confident and informed you can move your allocation into speculative small caps. + +You should also think in terms of segments and how much of your total portfolio is in each segment: + +- Core holdings - BTC, Ethereum +- Smart contracts platform segment - Ethereum, Polkadot, ALGO, Solana …etc +- Privacy segment - Monero, Zcash …etc +- Finance/Bank settlement segment - Stellar ...etc +- Enterprise Blockchain solutions segment -VeChain ...etc +- Promising/Innovative Tech segment: NANO, ADA, Tezos ...etc + +You should also think about where we are in the cycle, as now given so much uncertaintly its probably best to stay heavily in core holdings and pick up a few coins within a segment you understand well. If you don't understand how enterprise solutions work or how the value chain is built through corporations, don't invest in the enteprise blockchain solutions segment. If you are a techie who loves the technology behind a coin, invest in that. + + +## Think of your "circle of competence" + +This is actually a term Buffet came up with, it refers to your body of knowledge that allows you to evaluate an investment. Think about what you know best and consider investing in those type of coins. If you don't know anything about how supply chains functions, how can you competently judge whether VeChain will achieve adoption? + +This where your portfolio allocation also comes into play. You should diversify but really shouldn't be in much more than around 12 cryptos, because you simply don't have enough competency to accurately access the risk across every category and for every type of crypto you come across. If you had over 20 different cryptos in your portfolio you should probably think about consolidating to a few sectors you understand well. + + +## Continually educate yourself about the technology and markets + +If you aren't already doing it: Read a bit each day about cryptocurrencies. There are decent Youtubers that talk about the market side of crypto, just avoid those that hype specific coins and look for more sceptical ones like CryptoInvestor. If you don't understand how the technology works and what the benefits of a blockchain are or how POS/POW works or what a DAG is or how mining actually works, learn first. If you don't care about the technology or find reading about it tedious, you shouldn't invest in this space at all. + +———————————————————————— + +There is no tldr haha. That was a pretty long one and I think it just about covers everything. Hope it helps! +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) Last ban length: 1,048,576 days + +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/2sQBNuM) +Mid-30s, male, formerly in tech who has been on a sabbatical for 5 years. My Nw hovers around 10M & spend about 70-80k a year. + +I traveled the world, did the digital nomad lifestyle before the pandemic, and I’m now quite bored and stressed out. + +I feel like I’m wasting my time and life by taking it too leisurely so soon. I need new excitement and terrors (or just general zest or feel for life) but trading and this comfortable means has given me a case of hilarious brainworms where I don’t feel inclined to work for someone for cheap) I’m finding myself quite unhappy and think I can and should be doing more + +Those who have experienced the same ennui & malaise of sabbatical or retirement, how did your get your groove back? I’ve been looking at therapy but frankly I’ve not had the best luck with ones off psychology today listings. + +Granted, my location in the South doesn’t lend to great choices but I desperately need to claw out of this funk. I feel like I’m daydreaming/sleepwalking through life + +------------------------------------ +EDIT + +Yes, I've given thought to purpose a lot: starting a family, and continually getting in better shape (I've been in competitive shape all my life and pursued that fully in the past 5 years. it was great but it's not enough- I am in the process of building a tribe) + +I don't want YOUR life advice. You don't know me, what I've done or what work I'm putting in daily. You're also likely unqualified. I would very much like to hear how you got it back together or how you found appropriate professional resources. + +Please do not dm about how I got here. We can do that elsewhere +Hey all + +Asking for a relative. 62 year old male. Limited skills and qualifications. Lowish confidence. Good person. Relatively unfit but not too limited by any means. Failed business with no assets or income. + +Trying to help him with job ideas because he can’t claim the age pension for some years still and needs income. + +Any ideas? + +Cheers +Hear me out, hear me out, please, before you roast me. + +&#x200B; + +The mods have done a terrific job setting up AMAs with industry professionals and founders/executives of highly relevant companies recently (shoutout to u/jsmar18 but also the other mods involved) . + +&#x200B; + +Probably everyone on this sub agrees that the 'holy grail' of AMAs would be someone high up at GameStop directly – such as our beloved chairman himself, Ryan Cohen. His 'gag order' related to GameStop has ended recently. And while we can be 99.9% sure that RC would not do an AMA on Reddit in order to not implicate himself (legally), we have all heard him speak about how he values both customers and sharehodlers. Also, as a group of dedicated & passionate individual investors (who make their own investment decisions), we are a force to be reckoned with and a major factor for GameStop's current and future success as a company. So while he would very probably say no anyhow, I have been wondering: + +&#x200B; + +**Has anyone actually contacted RC (or his team) about doing an AMA on Superstonk?** + +&#x200B; + +I mean, asking is for free, so.... why the hell not try it? +**Here are my top 10 in order of personal holdings and briefly why I like them:** + +1. XRB - decentralized, simple transactions that are free, quick and scalable, excellent P2P applications, expert and focused team, eco friendly, impending binance listing, impending fix of node/withdraw issue, price bump from future rebranding to NANO, far from too late to buy in (I bought very early and plan to hold) + +2. BTC - mass name recognition, store of value, robust security, OG crypto, lots of support of devs, hard forks, lightning network, Segwit wallets (Needs to deal with scaling issues) + +3. SUB - getting around censorship/firewalls, lower market cap, privacy, great team, lots of room for growth in market cap, efficient coin transactionally (I bought in early and has been a strong performer for me) + +4. XRP - centralized (personally not a huge fan of centralized coins), major corporate backing, quick, cheap, and scalable transactions (I bought XRP to hedge against the risk that the corporations win out in crypto... I hope they don't honestly, but they are tricky and fickle institutions) + +5. ICX - complex transactions, atomic swaps, low fees, quick and scalable transactions, lots of room for growth in market cap + +6. KCS - passive income through daily dividends (need to have a large amount for this to be worth it), growing exchange successfully adding new coins daily, tons of room for growth in both dividends and market cap increases, on big discount right now + +7. DRGN - family privacy, Disney backing with direct use cases for current/future Disney operations, low market cap, currently found on Kucoin + +8. REQ - making crypto accessible to the masses by making a PayPal style button for crypto, aggressive Q1 objectives, low market cap, quality team, quick low cost transfers + +9. BNB - a solid exchange bound to grow, 50% off fees when using BNB on Binance, grants Binance voting rights, strong community + +10. NEO - quick, cheap transactions, dividends paid as GAS, complex transactions, regulation conscience, Dapps (Full disclosure recently sold my holding of NEO still like it though might even buy back) + + + +**Let me know what you think of my list and share your own or however many you hold :)** + + +**EDIT 1:** Here are a few coins which are far risker and lower market cap. I have put some money into them as a gamble (I understand these could be a scam/flop and so should you! Im currently up quite a bit on ECA and PHO but I got in much earlier) + +PHO: Merge mining, currently trading on c-patex (kinda sketch new exchange), paused on Cryptopia (where I got my PHO; Cryptopia seems to be working on getting PHO back operational), very low market cap, extreme risk/reward + +ECA: Mobile phone mining, eco friendly, found on a bunch of sketchy exchanges including currently down coinsmarkets (where I got my ECA), very low market cap, extreme risk/reward + +XAS: LISK of China, currently on Kucoin (pretty solid exchange imo for low market cap coins), higher market cap then PHO and ECA but still low, decentralized, just bought a small amount in response to this post + +**EDIT 2:** This post caused me to buy a small amount of XLM (less risky), VEN (risky), APPC (risky) and XAS (risky) thanks for the advice all! + +XLM: Efficient currency, IBM partnership, some room for growth, FairX, just reinvested in this coin after selling in the past and bought small amount due to this post + +APPC: Dedicated team, Crypto apps, low market cap, undervalued, on binance, just bought small amount due to this post (Need to do more research on this before recommending) + +VEN: Quality team, deep corporate ties/partnerships, hardware patents, currently on Binance, Chinese connections, Dapps, just bought a small amount in response to this post + +**EDIT 3:** For fun here are some of the most talked about coins in the discussion over the past 21 hours that are not mentioned above just going to list names in no particular order thanks for contributing your time: + +IOTA, TRX, WAX, OMG, LINK, QSP, ARK, EOS +Regardless of various aspects of poverty, everything is becoming more and more expensive. Even when you account for inflation and compare it to prices of the 50's, 60's, 70's, etc. + +Rent is almost double what it used to be. Don't even get me started on education. + +All I here from politics is "the middle class" which barely exists anymore. + +A single freaking big mac is $5 near me. Going to McDonald's for 2 is almost $20 now. +As we start seeing Mass Effects (Oops, \*moass\* my bad) from meme stocks and idiosyncratic risks, keep this in mind: + +[Comment in VV S Bee AMA with Mark Cuban \(\\"Hey everyone, Its Mark Cuban. Jumping on to do an AMA.... so Ask Me Anything\\"\)](https://preview.redd.it/13gukq3e04191.png?width=2156&format=png&auto=webp&s=2cd22564bf491f37f42449f17213535e2eba7746) + +# Has anything changed? + +1. Payment For Order Flow (PFOF)? Still here. +2. Synthetic / Counterfeit shares in our market? Still there. +3. Dark pools? Check. +4. Swaps? Still unreported until 2023. +5. Transparent markets? Nope. +6. Legit price discovery in our markets? Nope. + +After the 2008 Financial Crisis \[[Wikipedia](https://en.wikipedia.org/wiki/Financial_crisis_of_2007–2008)\], **one** guy went to jail in the US. Kareem Serageldin \[[Wikipedia](https://en.wikipedia.org/wiki/Kareem_Serageldin), [NYT](https://www.nytimes.com/2014/05/04/magazine/only-one-top-banker-jail-financial-crisis.html)\] for mismarking prices. As a result, the **prices are** ***still*** **fake**. + +With Kevin O'Leary \[[Wikipedia](https://en.wikipedia.org/wiki/Kevin_O%27Leary)\] recently mentioning how a [big institution needs to be sacrificed sometime in the next 10-20 days](https://www.reddit.com/r/Superstonk/comments/uurzhq/well_there_it_is_moass_in_1020_days/), will there be real change? Kareem was sacrificed for the 2008 Financial Crisis, who will be sacrificed this time? [Bill Hwang](https://en.wikipedia.org/wiki/Bill_Hwang)? [Archegos Capital](https://en.wikipedia.org/wiki/Archegos_Capital_Management)? Melvin Capital? Credit Suisse? Citadel? + +This certainly doesn't seem to affect Gabe much. According to Kenneth C. Griffin ("Kenny"), pension plans of teachers are going to take the fall; not Gabe Plotkin. + +>"Great, you basically helped wipe out the **pension plans of teachers**. Do you feel good about that? **It's not Gabe's money** you're taking down, you're taking down the **money from a pension plan from a teacher**." +> +>[Kenny Destroying Teacher Pensions and Blaming Apes](https://www.reddit.com/r/Superstonk/comments/utlh7m/kenny_destroying_teacher_pensions_and_blaming_apes/) \[[Sauce Video](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/)\] + +Will just some hedge funds going bankrupt be enough to bring about change? Probably not. Systemic change requires a much bigger upheaval. + +Remember the [SEC GME REPORT: Shorts didn't cover & DTCC/NSCC are responsible](https://www.reddit.com/r/Superstonk/comments/qax0tj/sec_gme_report_shorts_didnt_cover_dtccnscc_are/). + +# What to expect when you're expecting MOASS? + +I (and many others on SuperStonk) have been predicting what would happen with MOASS on the horizon. \[[Things to Watch For During MOASS](https://www.reddit.com/r/Superstonk/comments/p8y046/things_to_watch_for_during_moass/)\] + +**Trading halts:** Retail apes can't sell during a halt, and those naked shorts need to buy shares to close their naked position. + +**Fake squeezes:** Expect a roller coaster ride. + +**Fake prices:** Without any systemic changes, the **prices are** ***still*** **fake!** Until there's change, the LAST price reported on the ticker tape is not a real price! The price is *quite* *literally* whatever the market makers want us to see. + +>"There's an understanding that many dynamics of how humans behave can be, in a sense, taken advantage of by technology. **If we know how humans behave and we can predict that, we can use that to better position our portfolios**. And a number of quantitative strategies rely on upon human biases and behavior to be successful. So as we understand this, look at the recent Nobel Prize in behavioral economics. As we understand this, we will use computers in new and innovative ways to **better drive the pricing of assets in financial markets**." +> +>\-Kenneth C. Griffin \[[Video on SuperStonk post](https://www.reddit.com/r/Superstonk/comments/um4abk/they_are_blaming_retail_because_we_are_not_doing/)\] + +Look carefully at Kenny's words: "we will use computers ... to **better drive the pricing of assets** in financial markets". His literal words are they will use computers to **drive the pricing of assets**. That's not price discovery. Kenny's bragging about how they use algos to **CONTROL PRICES** to better position their portfolios! + +# MOASS isn't real until there is real Price Discovery + +🦧🔥🚀🌝 + +Edit 1: oops, missed the Wikipedia link for Kevin O'Leary. +For most of us, 31st July is the due date for **I**ncome **T**ax **R**eturn (ITR) filing. Only a few days are left to go, and if you're yet to file, just push yourself to at least start the process. + +Use this thread to post your queries on filing tax returns. + +To check with ITR you should file: [https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1#returnsandforms](https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1#returnsandforms) + +Previous ITR threads: + +* [https://www.reddit.com/r/IndiaInvestments/comments/rpsbta/income\_tax\_return\_itr\_filing\_thread\_post\_your/](https://www.reddit.com/r/IndiaInvestments/comments/rpsbta/income_tax_return_itr_filing_thread_post_your/) +* [https://www.reddit.com/r/IndiaInvestments/comments/kiuwtr/income\_tax\_return\_filing\_thread\_post\_your\_itr/](https://www.reddit.com/r/IndiaInvestments/comments/kiuwtr/income_tax_return_filing_thread_post_your_itr/) +* [https://www.reddit.com/r/IndiaInvestments/comments/cssb4p/income\_tax\_return\_itr\_filing\_thread\_post\_your/](https://www.reddit.com/r/IndiaInvestments/comments/cssb4p/income_tax_return_itr_filing_thread_post_your/) +* [https://www.reddit.com/r/IndiaInvestments/comments/c7olp4/income\_tax\_return\_filing\_thread\_post\_your\_queries/](https://www.reddit.com/r/IndiaInvestments/comments/c7olp4/income_tax_return_filing_thread_post_your_queries/) + +We also have a #taxation channel on our [Discord](https://indiainvestments.wiki/discord), if you'd like to drop by and ask your tax liability related queries. +For most of us, 31st July is the due date for **I**ncome **T**ax **R**eturn (ITR) filing. Only a few days are left to go, and if you're yet to file, just push yourself to at least start the process. + +Use this thread to post your queries on filing tax returns. + +To check with ITR you should file: [https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1#returnsandforms](https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1#returnsandforms) + +Previous ITR threads: + +* [https://www.reddit.com/r/IndiaInvestments/comments/rpsbta/income\_tax\_return\_itr\_filing\_thread\_post\_your/](https://www.reddit.com/r/IndiaInvestments/comments/rpsbta/income_tax_return_itr_filing_thread_post_your/) +* [https://www.reddit.com/r/IndiaInvestments/comments/kiuwtr/income\_tax\_return\_filing\_thread\_post\_your\_itr/](https://www.reddit.com/r/IndiaInvestments/comments/kiuwtr/income_tax_return_filing_thread_post_your_itr/) +* [https://www.reddit.com/r/IndiaInvestments/comments/cssb4p/income\_tax\_return\_itr\_filing\_thread\_post\_your/](https://www.reddit.com/r/IndiaInvestments/comments/cssb4p/income_tax_return_itr_filing_thread_post_your/) +* [https://www.reddit.com/r/IndiaInvestments/comments/c7olp4/income\_tax\_return\_filing\_thread\_post\_your\_queries/](https://www.reddit.com/r/IndiaInvestments/comments/c7olp4/income_tax_return_filing_thread_post_your_queries/) + +We also have a #taxation channel on our [Discord](https://indiainvestments.wiki/discord), if you'd like to drop by and ask your tax liability related queries. +Z1P is not fucking around at the moment. I initially invested because of their impressive business, team and they have shown nothing but solid QTR on QTR growth, not to mention a lazer like focus on global expansion. + +This confidence was tested when, despite still showing great growth, analyst downgraded Z1P and the share price went down to <$4 which feels like only a couple of months ago. + +Many investors jumped ship, and I came so close. + +Buffet Dinner's words that "The stock market is a device for transferring money from the impatient to the patient", gave me pause to stick with it. + +If I had sold my shares at $4 when I was most nervous, I would be down almost $160k as off today. + +For me, the lesson here is that when you have a good business, run by good people who are demonstrating consistent growth, HODL your nerve because eventually a good biz will turn things around. + +Z1P will likely dip again but it's trajectory is pointing north. this is not one of those stocks that has a nice little linear growth story. It's growth chart is hectic so strap in and don't freak out. + +Congrats to everyone who held their nerve, or who have picked up during the dip. Even if you picked up Z1P lately, you may not know it yet, but you're already richer for it. Here is to $20+. +For example I’ve always wanted a place on the beach since I was a kid going the very first time. However now it’s maybe not as attractive? Not sure but anyone else had this as they were coming up on a goal? +I'm lucky enough to be a "essential" worker at the moment and since the economy is in the shit I thought it'd be a good time to lowball some houses I'm looking at as a first time house buyer. Thoughts? + + +Colleagues think it's a bad idea as house prices tend to be stickier than the rest of the market +People were starting to lose hope.. it looked like we had just been majorly fucked by the trade limit imposed by Robbinghood and other cuck-brokerages +Shit was gloomy as hell.. I wont lie I thought we were done for.. + +me and my gf were talking about what are we going to do now, I was dumb and bought more than I could afford which left me with a hole in my chest when I saw the price decline to 38$. We decided then and there, we HODL, for as long as it takes for gamestop to grow and even our losses out. THEN IT HAPPENED + +DFV had just been asked hours earlier on the hearing if he would still buy GME, which he basically replied ”Fuck yea” to. +And I will never forget the first update post on his position .. THIS FUCKER BOUGHT EVEN MORE +That shit sent chills through my body, I felt like my fire was rekindled, I was ready to hold for a bazillion years. I was back in the fight, never been uncertain since, fucking aye. +Edit: As predicted https://www.bbc.co.uk/news/business-58610561 + +Edit 2 it's happening : https://www.bbc.co.uk/news/business-58619418 + +Edit 3 Ruh Roh: +https://amp.ft.com/content/11b1f0ec-5a6b-48d1-8d65-be26ead3a68d + +Edit4: if you are being offered a fix rate deal much north of 20p a kwh you may be better off,for now, on the variable rate at the Ofgem cap. Give it some research and don't be afraid to ask your supplier! Watch out for an increase in the cap being announced by Gov though. + +Edit5: Gov is now considering bail out loans to the likes of Bulb. Not sure it will be enough if gas prices keep rising. + +Edit 6 20/9/21: https://www.bbc.co.uk/news/business-58620167 as per edit 5 + +Edit 7: "Alok Sharma acknowledged that ministers are considering lifting the energy price cap to help keep firms afloat." - warning for anyone on a variable rate + +Edit 8: 2 more bite the dust +https://twitter.com/emilygosden/status/1440679495183130632 +Kwarteng also insists the cap will not be changed + +‐--------- + +ORIGINAL POST: + +I am in the industry (edit: renewable generation not supply; thanks for the downvotes...) and wrote some replies in the inflation thread but realised this might be of general interest. The UK energy markets (both wholesale and retail, both electricity and gas) are currently going absolutely nuts. The last few days in particular have seen the highest day ahead electricity prices, some of the highest gas prices, and the highest electricity imbalance prices on record. + +Gas prices are insane due to Russia/German regulators (under US pressure?) not yet approving and turning on the newly completed Nordstream II pipeline into Europe (but Russia choosing not to use the existing pipelines through Ukraine for geopolitical reasons), exceptional LNG demand in Asia, lowering North Sea extraction, lower US production, and various other factors. + +Electricity prices have been insane due to very low wind recently, and today a 2GW interconnector with France literally exploded, and more significantly, several smaller 'disruptive' electricity suppliers have gone bust due to terrible risk management, with more possibly on the way. + +Several of these suppliers had NOT fully hedged their customers demand for the winter, something the bigger players all do as a matter of prudent risk management but something Ofgem in its infinite wisdom for some reason doesnt force all to do. + +As a result, when these customers of defunct domestic suppliers are shunted to other better suppliers under the regulators' "supplier of last resort" program, the new suppliers have to place massive new forward hedges of gas and power prices for the winter to mitigate their risk, and this surge in demand is driving the market for the winter even more insane. + +To give an idea of what all this means in practice for pricing, in a typical winter the wholesale price of electricity fluctuates between £50 and 90/MW. To lock in pricing for the winter 4 months today the cheapest hedges are closing at over £200/MW. This may go higher. + +The short term and spot markets are also all over the place. Yesterday, to lock in prices for individual half hours around peak demand (5pm) today cost £1,500/MW (!!). Last Thursday, the 'imbalance' price of electricity (essentially the default price you pay if you havent bought in advance) hit £4,500/MWhr in one half hour settlement period. Normal for this time of year is £50ish. + +While consumers arent exposed to these crazy fluctuations directly, as they become more common, suppliers will need to hedge more and more in advance to prudently manage their risk, and this demand for hedging drives up the cost which they WILL pass on to consumers. + +Everyone on the demand side is panicking right now and honestly I think its going to get worse as more and more suppliers go bust. + +Individual consumers cant do anything except plan to reduce demand as much as possible (insulation! LEDs! Heat pumps! Solar! Batteries!), and keep an eye on switching to a better supplier on a fixed rate as prices increase....but they will increase across the board and especially at the largest and the smallest providers. Mid-size providers may have fully hedged their demand and be able to support smaller price increases but will be reluctant to take on too many new customers as this will in turn require more hedging. Edit: Bulb is now in trouble and they have 1.8m customers... + +I should note that Ofgem imposes some price caps on the maximum consumers can be charged on a default variable tariff (but fixed can exceed this), currently £1,277 pa for a typical dual fuel home, however this may prove unsustainable and rise again, as it already did 2 weeks ago. There's also the fear that so much of the market will end up paying at the cap that suppliers won't be able to absorb or hedge the overage. Edit: this now appears to be happening! Edit2: the cap may get suspended! + +A very cold winter is quite possible. This would be a perfect storm for energy prices. It's prudent to batten down the hatches. + +Useful information: https://www.bmreports.com/bmrs/?q=eds/main +I moved from my primary home last year in August. I have a 30 year 4.125% loan on it and I have homestead exception on it in Florida. I have decided to convert the home to a short term rental with AirBNB and it is actually getting booked out despite Covid and doing well. + +Do I have to tell my lender (SunTrust in this case) that I turned my primary home to a short term rental? + +Refinancing an investment property seems to be a much bigger hassle than primary home mortgage, and even in the current low interest environment does not seem to be useful. + +&#x200B; + +Edit: Just for clarification: I used this home as my primary home for 2 years, so the initial mortgage was entered into in good faith. As far as refinancing, I only want to refinance if I am forced into it by my current mortgage company. But it seems like everyone here is saying I am good to keep renting out my home without having to tell my current lender? Which actually works best for me. + +&#x200B; + +Edit2: Thanks for the advice about Homeowner insurance. I am extremely obsessive about liability and I already researched homeowner insurance before I rented the home out, and decided to switch my homeowner insurance specifically to a policy that covers short term rentals/ AirBNB for upto 2 million in liability in addition to AirBNB's policy of 1 million. + +&#x200B; + +Edit3: I know the interest rate is high, but has anyone tried to refinance a primary home into an investment property? No one gives any rates below 3.5% for 15 years and 4.125% for 30 years. Moreover, I lose homestead exception the moment I refinance it as an investment property. +Okay, let's get this straight first. This was FY2020 Q4 result, ie before covid. So the news reports stating "Indigo posts xxx loss amid covid-19 travel curbs" is absolutely ridiculous. Because there were no travel curbs before 25 March. I personally had domestic travel in mid-March and the business was as usual. + +Now, this 870cr loss when compared to FY2019 Q4, it was 589cr profit. This is disastrous. So why is market reacting so positively? +Okay, let's get this straight first. This was FY2020 Q4 result, ie before covid. So the news reports stating "Indigo posts xxx loss amid covid-19 travel curbs" is absolutely ridiculous. Because there were no travel curbs before 25 March. I personally had domestic travel in mid-March and the business was as usual. + +Now, this 870cr loss when compared to FY2019 Q4, it was 589cr profit. This is disastrous. So why is market reacting so positively? +In the past few weeks, I've noticed a common response to "I have trouble saving" or "I have trouble meal planning" is the Ramsey quote (I'm paraphrasing) "Children do what feels good, adults are responsible." + +Some commenters say things like "You have no self control"; "You don't understand the difference between a need and a want" and other variations on "You're immature and ignorant about the world." + +How is that helpful? + +Maybe I'm just an immature child but it took me a few years to get really good at saving. Self control and self denial are like muscles, they're built up over time. + +Not everyone is taught how to budget at home, not everyone is resourceful enough to figure it out on their own. + +I don't agree with choices a lot of people make on here, but at least they're trying to improve their situation by coming here and asking for advice. + +Maybe this in inappropriate, but this doesn't seem like the subreddit for "tough love." + +OK rant over. +Hello :) Do you have some advice how to prepare for currency change to Euro? From January 1st Croatia is a part of Eurozone and Euro will be our new currency. I'm wondering what to do with savings in this moment? Do you recommend any investment before the Euro or after? What effects can we expect in terms of prices, investments and savings in general? +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. +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 +In a discussion about increasing the long-term health habits of Americans last night, a friend of mine and I were rolling around the option of decreasing or eliminating corn subsidies (as well as possibly wheat and soybean subsidies) in an effort to raise the prices of unhealthy, starchy foods (that use large amounts of HFCS as well as other corn products) as well as hopefully save money in the long-run. Another hoped-for effect is that the decresaed demand for corn would create increased demand for other, healthier produce, which could then be grown in lieu of corn and reduce in price to incentivize the purchase of these goods. + +These were only a couple of positive outcomes that we thought of, but we also talked at length about some negative outcomes, and I figured I'd get people with a little more expertise on the matter. + +Corn subsidies, as of 2004, make up almost [$3 billion](http://www.usda.gov/documents/FY06budsum.pdf) in subsidies to farmers. Since we spend from the national debt, removing this subsidy would effectively remove $3 billion a year from the economy. The immediate effect is that corn prices, and subsequently all corn-related product prices, would skyrocket to make up at least some of the difference. Subsidies are there, at least **ostensibly** for a reason, so theoretically farmers couldn't go without that money without becoming bankrupt. (Linked in the [wikipedia](http://en.wikipedia.org/wiki/Agricultural_subsidy) article I got the PDF from, wheat and soybean subsidies total around $1.8 billion themselves.) + +Secondly, in the optimal scenario where some degree of corn production shifts over to other produce, there are a lot of overhead costs associated with trading in specialized capital equipment used in harvesting corn for other kinds, seasonal planting shifts, and possible land-buying by large agricultural firms because not all produce grows everywhere, so any reduced cost in produce must come after that cycle of restructuring. + +What my friend and I were trying to get a grasp on is the potential price spikes and their scale that we could expect from this. Would this have the coutnerintuitive effect of actually starving poor people instead of getting them more nutrition, at least in the short term? What's the approximate likelihood of something like a food shortage? Can farms remain profitable without these subsidies, and if not, why not? +I've been looking into the concept of FIRE now that I'm in my late 20s and have to say most success stories I hear/read are all the same and really disheartening. Almost every time the story is "born into rich or financially savvy family" or "I save a bunch from my high paying tech job after going to school for free at an awesome state school. And I lived with my parents. Now I'm a millionaire." + +I work in health care, getting beat up taking care of people everyday, after more thank 70k of student debt because I'm from a state with the most expensive colleges in the country. I'm just looking for FIRE stories of people who are reaching FIRE despite having student debt, being out of work due to covid, and or not in tech. Or maybe these are all signs I should just switch to the tech field. 🤔 +Just want to post and remind people here of the reality of negotiations going bad for you. Most posts here about starting new jobs recommend that you always negotiate your starting wage as most employers expect you to. While I would still recommend this too, I will say make sure you are negotiating from a position of strength. Luckily for me, I’m still employed with a job I like and could afford taking on the risk of losing an offer. But for people who are unemployed or underemployed, I would think twice before possibly losing a job offer. Know your worth. + +Little backstory on the job offer: + +I currently work as an Application Engineer for a company that I genuinely enjoy. My pay is fair, it’s an ESOP, I never have to work over 40 hours (usually only do 37.5) and the first $2,500 of medical expenses per year (out of $6,000 total deductible) is paid for by the company, which makes going to the doctor a lot easier knowing I won’t have a bill. We also receive bonuses based on company bookings. These bonuses give me an additional $12-14k a year. Safe to say, I know how good I have it and was not actively looking to change things up. + +A couple weeks ago, a CEO of a small company reached out to me on LinkedIn and presented an interesting opportunity. He had just purchased this small company (<5 people) in the area I was working. Basically this was a family run company and the guy he bought it from was looking to retire. He was going to stay on for additional 1-2 years to help train me be a suitable replacement for him. I liked everything about the opportunity and would have taken it if the compensation lined up. After the interview, I received an offer in my email. The base pay was about 13% higher than my current pay and this job also had bonuses, but I had no idea how easy they would be obtained compared to my current situation. He offered less PTO then I was currently receiving and I already knew I could kiss goodbye to my great work/life balance that I currently had, since he wanted to grow the company by 50% in the first year. The guy who was on the way out was already doing 60-70 hour weeks. I counter offered stating that I expected the work load to increase from my current position and that I genuinely don’t want to leave so I asked him to raise the base salary by $10k (A 15% increase from the initial offer) and that I would accept if he could meet that. + +He wrote back the following: + +“At that rate we will be pursuing a more experienced engineer with less demands at such an inexperienced level. “ + +In my mind that’s a very unprofessional response so I already know I dodged a bullet. + +But anyway just be careful when negotiating, but if you have a job that you like, play hardball all you want. + +Edit: Slight confusion for some posters in this thread. This company isn’t a start up it’s been owned by the same guy for over 30 years. He just never expanded it. New CEO just bought it a week ago since the former owner wants to retire but not leave his customers SOL. I would essentially being taking this guys place while he trains me for a year or two. + +Edit 2: /u/semisolidwhale summarizes it better than I can for anyone confused by the situation + +“ +A) if I understand correctly, legacy had nothing to do with it. The guy doing the interviewing/offer wasnt the original owner who was sunsetting out of the CEO position, it was the CEO of the company buying them out. + +B) OP states that the retiring head of the company was already putting in 60-70 hrs a week and that the goal of the new owner was to grow the business by 50% in the first year. Doubtful that the company was on a trajectory to glide into that kind of growth already. Hence OP, being new to the organization and tasked with a massive growth goal should expect to easily exceed the 60-70 he average of the previous owner and fewer PTO days. + +C) OP is currently an application engineer. This position sounds like a lot more responsibility. That can be a great opportunity in the right circumstances, but you can't pay your bills with opportunities to prove yourself and employers should compensate employees accordingly. + +D) OP states "I asked him to raise the base salary by $10k (A 15% increase from the initial offer)." This suggests the original offer was probably somewhere around 65k. Call me crazy, but asking 75k for a 60+ hour work well and being takes with leading the growth of a small company by 50% in the next year does not seem like an outlandish ask by any means. +OP had every right to expect a decent pay increase given the increased demands of the position. It seems likely the new owner has expectations that exceed their willingness to compensate accordingly. There's a reason it's called the labor market.” +Assumptions: + +1. Tax slab rate is 30% (31.2%) +2. 50000 tax benefit is maximized. +3. So one would invest 50000 in NPS every year and 34400 in MF. +4. At the retirement the extra amount in MF (MF amount - 60% of NPS) is considered as invested in annuity. Basically what we are saying here is Both of them keep 60% of NPS amount with them and buy annuity with the rest. (40% for NPS route and remaining amount of the MF investment in MF route) +5. Both NPS and MF are assumed to be giving same returns. I know this is where people have contention. But if some body have debt portfolio, it is not difficult to manage NPS portfolio to achieve same allocation as mutual fund investment. + +&#x200B; + +|Investment return after 15 years|Tax assumed on MF|Extra amount in MF (MF amount - 60% of NPS) After 15 years|Annuity yield|Annuity value (Calculated on 40% of NPS)|Effective Annuity yield in comparison to MF route| +|:-|:-|:-|:-|:-|:-| +|7%|10.4%|22000|2.5%|13400|60%| +|7%|10.4%|22000|5%|26800|121%| +|7%|10.4%|22000|6%|32200|145%| +|7%|0%|118307|2.5%|13400|11%| +|7%|0%|118307|5%|26800|22%| +|7%|0%|118307|6%|32200|27%| + +Interestingly as long as you assume same returns for MF and NPS, the final column do not change. It only depends on the tax on MF and Annuity yield when it is bought. + +While the yield is good at 0% tax assumed, I assume 10% tax is more reasonable (after indexation in case of debt) and there the returns are too good. + +It is kind of obvious that this is expected. Obviously NPS gives more money to buy the annuity. But assuming some body gives the annuity yield of what is shown in the last column, would some body decline so much guaranteed income at that yield for rest of life from age 60. + +The only issue here is those amounts are very small and so may not be worth the effort (My case). But they look really good for some body who can use the 10% employer contribution and that would become a solid debt portfolio. +Finalising the design with our architect, about to file for a permit (floor plans here, architecture here). Here's what I got so far, layout wise: + +&#x200B; + +* master bedroom with walk-in wardrobe, large bathroom with detached bath and sauna, private terrace with outdoor hottub +* second kitchen hidden behind the main one +* gym and playroom +* my mancave, with a private terrace +* 3 kids bedrooms, 1 guest bedroom, laundry room, wardrobe room, technical room +* two car garage + +Is there anything you would add? Any technology creature comforts / amenities I should be considering at this point? Stuff like smart home solutions, house-wide sonos setups, etc. +During the night some hackers apparently found a way to bypass password and 2FA and managed to withdraw coins from some users account. + +Some users woke up this morning with their balances empied. + +Crypto.com temporarily suspended all withdrawals for all users and it's investigating. + +Officially just few users were affected. Looking at Twitter, it seems a bit more than just few. + +Check your account and if you see any suspect activity, contact the customer support asap! + +Crypto.com said that all funds are safe, not sure if they're talking also about people who already lost their coins though. + +Official tweet: + +**We have a small number of users reporting suspicious activity on their accounts. +We will be pausing withdrawals shortly, as our team is investigating. All funds are safe.** + +https://twitter.com/cryptocom/status/1482936866001207296?t=a9qyu73Vp7Oyuv5Nas_cKA&s=19 + +**UPDATE:** +According to a new tweet, the problem is solved but users must login again and reset their 2FA in order to reactivate withdrawals +Spent a month studying up lurking reddit, YouTube, investopedia. Paper traded during the study time, resetting initial balance each time I explored a new strategy till it was consistently winning...day trades or 2-5 day windows, using Webull. Afraid of options and margin (for now, too green). + +Put $2500 in, up 8.93% 1 1/2 weeks in...so far so good. + +Current strategy is using IC, MACD, StochRSI indicators, scanning for stocks with high volatility and higher than normal volume between 1m and 1d windows, and pulling the trigger on something pre-market that meets the following conditions: + +All three indicators at the beginning of a positive trend crossover for open + +A positive news cycle during closing the night before or early early morning for the company + +Dow futures up at least 100 + +As soon as market opens I watch it like a hawk and try to sell the peak of the first bump, anywhere from 5-45min in watching both indicators and other stocks in same industry as a cue for trend direction...sell point is anywhere from 3-8% unless bad news taints the market as a whole, then I pull the chute immediately. + +Here's what's next...I finally received a settlement check for $83k from a bicycle accident 2yrs ago and I'm depositing it in my webull account tomorrow so I'm ready for a possible play in VXX as I think I have strong data to support a massive market dive 2-3 weeks from now. + +What (if anything) am I doing right, what should I absolutely absorb knowledge on before proceeding further, what tools/insight should I add/replace in current setup to enhance my current strategy? + +Not looking to YOLO (apart from VXX play, very low downside), however would be interested in other strategies that can net consistent 2-5% gains per trade. I figure if I can maintain 4-5 trades/day I should be able to nest up half into a few stable growth picks with good dividends, 40% back into current strategy, 10% into options/swing trades until I get it down. + +Feel free to tear this apart...I'd like to think I'm not an idiot, but usually anyone that isn't willing to admit that they can be ends up proving themselves wrong fast. Mild autism and OCD...might help me see patterns, might cause analysis paralysis, might dive in 100% confident in theory only to have missed something obvious to everyone else, would like to avoid the last one. + +Thanks in advance! +Hey guys, let’s say you were able to start over your dividend investing journey with what you know now, what are the 5 best dividends you would pick for your portfolio? +source: https://github.com/b3n-j4m1n/salary-seeker + +see it in action - https://github.com/b3n-j4m1n/salary-seeker/raw/master/demo.gif + +It's a bash script, so you need a Unix-like OS, or something like Cygwin for Windows. + +TODO, somehow port to Windows users. + +**EDIT**: I've re-written the whole thing as a binary search algorithm, so it's exponentially faster now, and gives an exact result rather than approximation. I suggest cloning the repository again. If someone wants to write the new version in powershell I could add it to my repository and link credit your GitHub so it's all in the one place, or you could make something better on your own, I'll leave it with you, however I think this should be left as scripts and not a hosted webpage, that's too open for abuse. + +Windows or other web users, for a workaround paste the code below in here - https://repl.it/languages/bash, you just need to set the job_id (without pointy brackets). + + job_id=<ENTER JOB ID HERE> + + counter='1' + response='1' + lower_limit='30000' + upper_limit='200000' + salary_var=$((lower_limit + (upper_limit - lower_limit) / 2)) + + job_title=$(curl --silent https://chalice-search-api.cloud.seek.com.au/search?jobid=$job_id | tr ',' '\n' | sed 's/{"title":"//g' | grep '"title":"' | cut -d '"' -f 4) + echo " | job title: "$job_title + + while [[ $counter -lt '19' ]] + do + response=$(curl --silent "https://chalice-search-api.cloud.seek.com.au/search?jobid=$job_id&salaryrange=$salary_var-$upper_limit" | grep '"totalCount":1' | wc -l) + if [[ $response -eq '1' ]] + then + lower_limit=$salary_var + printf " | finding maximum > ""$""%d\r" "$salary_var" + salary_var=$(((salary_var + (upper_limit - salary_var) / 2))) + elif [[ $response -eq '0' ]] + then + upper_limit=$salary_var + printf " | finding maximum > ""$""%d\r" "$salary_var" + salary_var=$(((salary_var - (salary_var - lower_limit) / 2))) + fi + ((counter++)) + done + + salary_max=$salary_var + + counter='1' + lower_limit='30000' + upper_limit=$salary_max + salary_var=$((lower_limit + (upper_limit - lower_limit) / 2)) + + while [[ $counter -lt '16' ]] + do + response=$(curl --silent "https://chalice-search-api.cloud.seek.com.au/search?jobid=$job_id&salaryrange=$lower_limit-$salary_var" | grep '"totalCount":1' | wc -l) + if [[ $response -eq '1' ]] + then + upper_limit=$salary_var + printf " | finding minimum > ""$""%d\r" "$salary_var" + salary_var=$(((salary_var - (salary_var - lower_limit) / 2))) + elif [[ $response -eq '0' ]] + then + lower_limit=$salary_var + printf " | finding minimum > ""$""%d\r" "$salary_var" + salary_var=$(((salary_var + (upper_limit - salary_var) / 2))) + fi + ((counter++)) + done + + salary_min=$salary_var + + if [[ $salary_max -gt '199998' ]] + then + plus='+' + fi + + echo -e " | salary range: ""\033[1m""$"$salary_min" - ""$"$salary_max$plus"\033[0m" +Today marks the beginning of a hopefully successful career in trading full time. I have a plan, a strategy, my management systems are set, my psychological strategy is grounded. I'm ready for it but I am scared beyond belief and I believe that's a good thing. This is my dream, I loved the days when I got off work early and traded. And I'm scared because I don't want to fail at my passion. Beyond the many jobs I've had over the years, trading was consistently my passion throughout it all. Wish me luck guys! + +Edit: ignored y'all because that's how I do but I do have a few things to say: +1. Thank you to everyone for sending their best wishes, I appreciate it dearly. +2. To answer the few people asking about my starting capital. I'm starting with $1k because I truly believe if you can't turn $100 to $1000, you can't turn $1000 to 10k, etc etc. And I've turned 100 into 5k during the testing phase so 1k is to afford premiums and reach my inflection point ~faster~. +3. I've saved up about 2-3 years worth of expenses so I'm good for some time and I can extend it further if I get a part time job paying for the major expenses if I fail to reach my inflection point within 6 months. +4. My strategy is my own so I won't divulge that but what I do plan on doing is try to consistently compound my gains between 2-10% of total port risking less than 5% of total port per trade. It's gonna be a lot of effort but my testing phase determined it was feasible. +5. If y'all want an update later down the line, I'll do one at 6 months or if I fail before 6 months and back to the working class I go. +How much would taxes take out of that? And most dividend stocks offer quarterly returns right, is it 5% total annually just broken up into 4 payments or 5% every quarter? And last thing, how do you get the money? Like say your with TD Ameritrade right, how do you collect your dividend money? + +I know these are all dumb questions i’m 16 and new to the stock market and quite frankly, I have no idea what to google to figure this stuff out. +Hello Apes! + +I'm a Korean "ant" here, and I am quadrupling down today since I got my insurance check today haha. + +&#x200B; + +I'm sure you're wondering the influx of korean "ants" (apes) who come in support of GME Apes. but WHY? you may ask. + +&#x200B; + +&#x200B; + +[But why?](https://preview.redd.it/acpectmlo0x61.jpg?width=500&format=pjpg&auto=webp&s=2360e0d9542b6f840172ce1f8d1f69ea64ec84fc) + +&#x200B; + +&#x200B; + +Because this is our last stand. I will give you some context so you understand, we didn't just come out of nowhere. We are very, very much like you Apes in America (or Europe + Africa + Aussie). + +&#x200B; + +# Corruption + +The corruption is definitely not solely one person's fault; its just that EVERYBODY IS CORRUPT. + +&#x200B; + +[He is moonlighting as a pain in the a\*\*.](https://preview.redd.it/dkj17l6oo0x61.jpg?width=700&format=pjpg&auto=webp&s=cd230651fd3c2749efe7f4458cfb779d80a4a5fb) + +&#x200B; + +As you may or may not know, we impeached our president back in 2016 and got a new one. And his name is Moon Jae In. He started off with an approval rating of 80%. As of yesterday it is 26%, Why? because he was ALSO corrupt. + +&#x200B; + +&#x200B; + +[Korean Hedgie!](https://preview.redd.it/6v4lueito0x61.jpg?width=500&format=pjpg&auto=webp&s=671887ce6b9de24b7f13b4c881b9039f4eec0d14) + +&#x200B; + +In 2019, Lime Asset Management, YES A KOREAN HEDGE FUND, was found to be doing stupid and illegal things. They basically (allegedly) used their investor's money to feed themselves and their friends while the fund itself ran dry. It's liquidity dried up and some division exploded, recording a net -100%. + +&#x200B; + +&#x200B; + +https://preview.redd.it/uryycc8yo0x61.jpg?width=498&format=pjpg&auto=webp&s=96c509455b75c9c553ccaac5b7cd5d7f23233245 + +Financial crime is not uncommon in the modern world. However, the administration and the ruling party was reported by journalists (using legalese) to be heavily involved in this fund. They tried to cover it up which backfired against them. Most people were still okay with this because our expectation of the politicians were so low. + +&#x200B; + +[Don't send your kids to good colleges! Cuz I have to send mine!](https://preview.redd.it/mrj8lkewo0x61.jpg?width=650&format=pjpg&auto=webp&s=2a67bb6cbeff60f00e4ed0762089ee3766722751) + +Later that year, it was reported that Moon's most trusted man for the job as Minister of Law and Justice, **Cho Kuk**, was involved in shi\*y and illegal things regarding his son and daughter's entry to college. This was an outrage because Moon and Cho were the ones advocating "Colleges shouldn't matter in life" but in fact it did matter enough for them to lie and cheat, allegedly. + +&#x200B; + +&#x200B; + +AND In 2021, Korea Land and Housing Corp (**LH**). which is an official government branch, was caught in a scandal where the employees **bought the land before they announced it for development**. They also planted TREES so they could be compensated for "environmental damages". Not only were they corrupt, they were destroying the environment! + +&#x200B; + +[Land and Housing? More like Lies and Hubris](https://preview.redd.it/zbeiibt2p0x61.jpg?width=1024&format=pjpg&auto=webp&s=705b837da2f69d05a0278275d233487e39018fa8) + +Why were we mad this time? A studio in Seoul cost $ 340,000 in 2016. Our average salary was $ 30,000. If an Ant saved EVERYTHING we made, they could pay off a studio in 10 years. But you know what's funny? Housing price doubled during this administration. Now a studio is averaging $ 600,000. While the salary is the same. So just like Xenon's Paradox, the Ants would never be able to pay of any mortgage. and need I remind you this is STILL FOR A STUDIO. No sh\*t we are sensitive about housing prices. + +&#x200B; + +aaaaaaaaaaaaaaaaand funny enough, these guys were caught doing the same thing **Sh\*tadel** was doing when they were exposed. + +&#x200B; + +[A government building lit all through the night? They must be really dedicated](https://preview.redd.it/xqp124a0p0x61.jpg?width=652&format=pjpg&auto=webp&s=f628591b83b380a61b43bad001300268ccca9112) + +Dedicated public servants who are totally not guilty, working diligently through the night + +Now, we were mad. + +&#x200B; + +# + +&#x200B; + +# Oppression + +**A) The expendable Males** + +You might know, young Korean males have to go to the military for 18 months. What does this have to do with anything? Well would you be surprised if I told you: + +1: Average soldier's pay was $100 per month (no, not per day) until 2018 + +2: Smartphones were not allowed until 2019 + +3: "Fuck you for your service" No respect, no compensation for the people who served. + +&#x200B; + +[Imagine loosing your legs on duty and the government refuses to pay your medical bills](https://preview.redd.it/sq9ifp05p0x61.jpg?width=628&format=pjpg&auto=webp&s=e60d5b3efbbc06e55266fac2c1c311068347fa07) + +&#x200B; + +They don't have enough money to pay the soldiers because the big stars and stripes embezzle most of the funds. + +&#x200B; + +**B) Sexual Conservatism disguised as Feminism** + +This one pretty much explains itself. + +&#x200B; + +[Teaches \\"Sex=Marriage\\", Biological Reproduction only, and made porn ILLEGAL because it \\"might hurt women\\". So kids learn VPN first and then go to bad websites. \\"Educators\\" are actually pushing bad behavior.](https://preview.redd.it/idl8s3p3q0x61.jpg?width=1280&format=pjpg&auto=webp&s=850d1ab1c143b8c68fd049ebaf9eef7e2d06c952) + +&#x200B; + +&#x200B; + +**C) "There's plenty of people who can replace you"** + +The term **"Kondae"** usually refers to Boomers in 40\~50s (who lived through the 1980s when Korea had a 20% growth rate) who lecture teens and 20-y-os what to do. They were wined and dined by big corporates right out of college, paid off their cheap mortgages in just couple years, and bought Samsung shares when it was a couple Schrutebucks. They became our politicians and big names. + +&#x200B; + +These people were now telling us + +"Why can't you just work hard, and be successful?" + +"Don't invest, put it in your savings account!" + +"Don't buy internet coins. Focus on real assets!" + +&#x200B; + +[This bhad baby said \\"Adults need to teach youngsters what is and is not a good investment.\\" And someone legit made a Token out of this statement and sold it for $2000.](https://preview.redd.it/pmg3pel7p0x61.jpg?width=640&format=pjpg&auto=webp&s=9fcf0fd7f23818d79e336fc7e4bbb851b1e66db6) + +&#x200B; + +&#x200B; + +# A House Divided + +Thanks to the corruption, hatred, and competition(+housing prices), young people do not want to date each other, let alone get married and have kids. + +In order for a population to be stable you need a birth rate of 2, meaning 2 babies to replace 2 parents. + +Korea recorded a whopping 0.84, 198th out of 198 countries surveyed. + +&#x200B; + +[We will disappear as a race, in Year 2200. A \\"Korean\\" simply will not exist.](https://preview.redd.it/i5iuxb6bp0x61.jpg?width=862&format=pjpg&auto=webp&s=916df6d9026d2c04bf59eef3da6d801bd1cf9dd7) + +&#x200B; + +So Korea is a stage-4 cancer patient. Waiting for its death. + +&#x200B; + +# Conclusion + +Us, "Ants", grow up watching the corruption, hating and being hated by everybody. In adulthood we endure slave labor, and get degraded and lectured by the Boomers telling us how to be a good little tax payer. And after Covid, we couldn't even emigrate, because we would face overwhelming hate crimes against asians. + +You see, GME is about fighting corruption and stupidity and illegal sh\*t. Koreans are tired of corruption stupidity and illegal shi\*s. We are finally pushed to the edge and this is our last stand. + +We say we are apes, and ants, but we are humans aren't we? + +We deserve to be happy. + +We will fight till our six diamond legs fall apart, because this is the endgame for us. We are already ready to die; we are fighting for some dignity before death. + +&#x200B; + +&#x200B; + +**TL DR:** + +**Corruption, Conflicts, Oppression** + +**Ant want happy like Ape want happy.** + +&#x200B; + +PS. + +**Let's focus more on GME, TENDIES and $ 69,420,000.** I promise to buy you all a drink in Gangnam when this is all over. + +&#x200B; + +Edit: + +Thank you so much for reading. It is not easy to care about other countries thousands of miles away, but I forgot this was r/Superstonk. You guys are the hope. + +I got so depressed writing this because this is the first time I have actually gathered and put into words how wrong things are in my country. I do not want Korea to be another Hong Kong. If you ask me what I will do with my tendies, I'm not gonna spend it all on lambo... I am going to use it to influence my district politicians to actually care about Human Rights issues. Make them work for the people, instead of stealing tax-payer's hard earned money through insider-trading and outright embezzlement (I also forgot to mention the Korean stock market is such an muddy market; no transparency!) + +Someone was asking for proof I'm actually Korean... lmao so I'll say \[ 왤긁렇겠 못믿늕겂냪? \] which only a REAL KOREAN would understand... it wouldn't show up on translation because it is encrypted. YES WE HAVE AN ENCRYPTED WAY OF WRITING. + +&#x200B; + +&#x200B; + +\++ Why the name "ants"? + +&#x200B; + +Koreans love Aesop's fables, and we often describe ourselves as ants, who are so little and mean nothing to the world, but does all the work he/she can until she dies. We were never in charge, not knowing why we work this hard. It was used as a self-deprecating term. + +&#x200B; + +[Pre-MOASS](https://preview.redd.it/wsyes75dp0x61.jpg?width=800&format=pjpg&auto=webp&s=4ce861ee9da0916fd4e95ce756eb8b0fe9375076) + +[Post-MOASS](https://preview.redd.it/kws80p5dp0x61.jpg?width=250&format=pjpg&auto=webp&s=5208cdebbe470839a4b86980f7b16aa00f5ef9af) + +But we would like to embrace that identity, and become the King of our personal ant Hills. + +&#x200B; + +EDIT EDIT: Please stop giving me awards! I absolutely do not deserve it! This isn't DD, I was just talking about how we feel. It is really nothing special!!! + +&#x200B; + +ps. ps. + +Thank you all for the support. I'm tearing up knowing how many kind people there are in the world. I love you all. GME to the MOON! +Yesterday has been like poor person Christmas for me, lol. I got my first paycheck in years. + +I haven't had a job since the pandemic started. I ran out of unemployment insurance, which gave me a higher standard of living than when I was working before the pandemic. They raised the minimum wage in my state and now I'm making $12 an hour. Boss said he likes my performance so I might be making $13.50 an hour. + +I used the extra unemployment to go back to college and get off the streets, living at the dorms. All the rich kids moved out and a lot of them just gave me stuff they didn't want anymore.... So I got myself a mini fridge, a vacuum cleaner, a television, two laundry bags of clothes, and a ton of other stuff just because people can't be arsed to take it back home with them. + +I'm excited to be able to buy textbooks without writing letters to various foundations for help, because now I have a job! I'm gonna go to Target now and get myself a new blanket... I've had the same one for ten years... I'm pretty happy today! + +Edit: thank you everyone for the awards and out pouring of support. I will make a detailed thread tomorrow for those who want advice on how to attend college with very little. Maybe my experience might be able to help others, and others can add their own bit to the thread as well :) +I've found that over the years that it's always better to engage with the company you wish to be employed by directly rather than going through a bunch of these scummy recruiters. + +I've also noticed the amount of spam I received increase significantly after dealing with them meaning they 100% sell all your personal information. As far as I understand there are no formal qualifications, or any experience required to become a recruiter which explains the putrid service. + +What concerns me most however, is them dealing with personal information of thousands of applications especially in light of recent hacker attacks and not really having an laws regulate their handling of personal information or any penalties should they misuse that info. + +Just from experience as to why I have a strong dislike for them; + +1) Calling about role they have and then ghosting you when you say you're interested. This is a way for them to get all your personal details on their database I'm guessing or reaching some arbitrary target they have. + +2) Asking for references before the first interview - when the hell did this become a thing? I've heard they do this to gain management contacts to contacts in order to offer their services to them later on. + +3) Asking for you to get "registered" on their platform which includes a lot of personal information including passport, sometimes without even telling you about a role they may have. I'm not a damn free treasure chest of personal information for you to collect my guy + +4) Calling about jobs which aren't at all aligned closely to what you're doing, like take 5 seconds to look over my profile before blowing up my phone +There’s a whopping one million people in Australia who earn more than $3,000 a week, putting them way above the average national wage. + +That means out of every 25 people you walk past on the street, statistically one of them could be considered rich with a salary of of $156,000 and higher. + +The Australian Bureau of Statistics released its Census results on Tuesday about the weekly income for Australians. + +There were 662,000 Australians - roughly 3 per cent of the population - in the top earning bracket of $3,500 or more a week with salaries of over $182,000 a year. + +The data also found that $805 a week ($41,900 a year) was the median personal weekly income for Australians around the country. + +While $805 may not seem like much – especially given Australia’s current cost of living crisis – it’s a $143 increase since the last Census back in 2016. + +NSW houses the highest income earners out of any state, with 373,000 people in the top bracket. + +This was followed by Victoria and then Queensland, at 263,000 and 170,000 people respectively. + +The Northern Territory, meanwhile, had just 7,300 people earning over that threshold. + +It’s worth noting the data includes Australians aged from 15 to 85 years, even if they are unemployed or retired. + +There are over 9.6 million people earning below the national median personal income or earning no income. + +Additionally, 146,000 people in Australia are losing money each year, classed as negative income earners according to the Census. + +Of those, 48,000 come from NSW while 40,000 are Victorians. + +There are also 1.667 million people who are unemployed, with 558,000 of them residing in NSW alone. + +The ACT has the highest individual earners, with a median of $1203 per week, while Tasmania had the lowest, sitting at just $701. + +But in a surprise twist, Northern Territory residents are also making bank, coming in second place by earning $936 on a weekly basis, putting them solidly ahead of every state and territory except the ACT. + +Western Australians earn a weekly median of $848 while NSW citizens were close behind, at $813. + +Victorians, Queenslanders, South Australians and Tasmanians were below the median rate of $805. + +Residents from each of those states make $803, $787, $734 and $701 every seven days, respectively. + +The median income for households around the country also painted some states and territories in a positive light while others left a lot to be desired. + +Data showed the average household received $1759 every week in earnings. + +Perhaps unsurprisingly, Canberrans again topped the charts in terms of their weekly household income, at $2,373. + +In close second place was the Northern Territory once more, with half of every residence raking in more than $2,061 a week. + +NSW came next, as each household earns a median income of $1,829, and Western Australia was a close fourth, at $1,815. + +Tasmania ranked lowest, making just $1,358 per household. + +South Australians only earned $1455 per abode while Queenslanders weren’t far off, pulling in $1675 weekly. + +Victoria, despite being home to the country’s second largest city, came in the bottom half of median household income. + +Every five years, the Australian Bureau of Statistics (ABS) asks every household to fill out a census form at exactly the same time to get a snapshot of the nation as a whole. + +Census night was last year on August 10 and its findings are finally coming out now. + +More Census data about employment and occupation will be released in October 2022. +Especially how Tricia / APEX **seems to** [indirectly tie](https://i.redd.it/lryo3vswui471.jpg) \[[Source](https://www.reddit.com/r/Superstonk/comments/nx4hdi/tricia_rothschild_the_president_of_apex_a/)\] **into GME** because when Tricia Rothschild was the **President under APEX Clearing** \- they were being [investigated by Department of Justice and FinCEN](https://www.reddit.com/r/Superstonk/comments/oc15wu/was_gamestop_attacked_by_global_fraud_ring_i/) \[[1](https://www.bloomberg.com/news/articles/2021-05-26/justice-department-is-said-to-open-probe-into-archegos-blowup)\] \[[2](https://www.reuters.com/business/finance/banks-involved-archegos-meltdown-face-doj-probe-bloomberg-law-2021-06-24/#:~:text=Banks%20involved%20in%20Archegos%20meltdown%20face%20DOJ%20probe%20%2D%20Bloomberg%20Law,-Reuters&text=The%20blowup%20cost%20big%20global,than%20%2410%20billion%20in%20losses)\]. But whenever this is mentioned is when the angry shill mob presence around my posts / comments seem to increase. + +For those of you who **do NOT know**, on [May 26th](https://www.reddit.com/r/Superstonk/comments/oc15wu/was_gamestop_attacked_by_global_fraud_ring_i/)**, GameStop** [provided financial information](https://news.gamestop.com/static-files/c48c7a03-2683-407c-95d0-83584d1a2b70) \[Pg 21\] (as **requested by the SEC**) to the **Department of Justice**. + +I personally enjoy the sheer level of questioning, attacks on credibility, and name calling because it seems like only when I mention these things, especially Tricia Rothschild and the APEX Clearing investigation, **Tricia Rothschild really seems to ignite the fuse for them**. + +What are they **trying to prevent people learning about Tricia Rothschild**, and how she is old money, and **might be part of the fuckery behind this massive short campaign** / against Big Tech? + +Is there something about **Tricia Rothschild that deserves some investigating into** and **why she is no longer the President of APEX Clearing** (as of a month or so ago)? + +Was Tricia told to stand down from her position as a result of something that was discovered? + +I don't know, I just really want to poke the bear here. I think that **there is something worth looking into here**. +I'm currently 26. The period of my incarceration could be anywhere from 6 months to 2-3 years. As a result of this my family has disowned me and I will be completely on my own when I get out (although one of my brothers may provide some assistance), which will be a first for me. + +The most I'll say about my offense is that it is a non violent felony. + +Here is the current state of my finances: + + $2.5k in a checking account + +$25.5k in a CD that's finished in 2020 + +A balance of $11.7k in a TD Ameritrade account + +Around $8k in cash. + +I've lived with my parents all my life and I'm completely unprepared to live in my own, but I will have no choice but to learn. And I figure you guys could help me. + +What are the things I need to do when I get out? + +If more information is required, ask and I will provide such unless it could reveal my identity. + +Thanks. + + +Edit1: Basically when I get out, I'll be starting completely from scratch in terms of employment and housing and all that stuff. The only thing I'll have is my personal property and money (Granted, an above average amount of money). + +Edit2: other assets I have include a collection of headphones and pens I could sell (over a period of time) for roughly $3600 (although these have sentimental value and i would prefer not to sell unless I absolutely had to) + +edit3: Thanks for all the helpful responses everyone! I'm a bit busy right now but I'll answer as I am able to. + +Also, it sucks that it had to happen this way, but a part of me is glad to finally be free of my parent's influence. + +Edit4: + +I truly appreciate all the helpful comments I have received. I'm confident my life will turn out quite well in the long run. + +I will definitely take advantage of any and all educational/training/employment/etc. opportunities while in prison, with regards to trades and stuff. As I'll likely not have computer access, CS probably won't be an option. + +Still parsing through the financial stuff. + +edit5: So, cryptocurrency seems to be the way to go. +That was insane. What did we all make of that? + +I feel we might be seeing the last, massive, markup before the dump, but good luck trying to short the top of it. The force of the run-up makes me feel anything but re-assured. I would not be surprised if the next move down is a vertical red line to 320 SPY or below. +Year 2020 is in the books now. An interesting year for the markets that'd be talked about in next few years, if not decades. + +Time to look back and introspect on the takeaways. + +In particular: + +- What did you learn / experience about investing, that you weren't so clear before? +- How has your portfolio performed? Any personal achievement? Regrets? +- Would you do anything differently with respect to your investing / personal finance management? +- Important investing related events you'd remember this year for? +- How do you plan on turning 2021 a good year for your investment happiness? +Many believe DogeBonk will be BinanceSmartChain's answer to Shiba: a memecoin with actual memes on a network where sending a transaction does not cost 50 dollars. DogeBonk's success is not sown from bots or fake promises, but by the community and the memes. Thousands have joined this community, developing a strong sense of belonging between like-minded members, most of whom have gone from investing in fundamentals, to accepting our crazy clownworld and investing in FUNdamentals. This whole movement spawned from a dead dog token someone found with locked liquidity, renounced contract and Safemoon tokenomics, which makes for a very comfortable hold that rewards those who hold.ed. The recent correction presents a unique opportunity for you to get in before the next take off or the news below comes to fruition. + +Many believe DogeBonk will be BinanceSmartChain's answer to Shiba: a memecoin with actual memes on a network where sending a transaction does not cost 50 dollars. DogeBonk's success is not sown from bots or fake promises, but by the community and the memes. Thousands have joined this community, developing a strong sense of belonging between like-minded members, most of whom have gone from investing in fundamentals, to accepting our crazy clownworld and investing in FUNdamentals. This whole movement spawned from a dead dog token someone found with locked liquidity, renounced contract and Safemoon tokenomics, which makes for a very confortable hold that rewards those who hold. + +Someone in the group started keeping track of the growth of Dogebonk, and it has already grown from 14k holders to 21k holders in the last week and from just 50 community members to over 3500 telegram members and 3000 members of our subreddit! The memes and energy flowing in this community is unheard of. Just explore the memes on the website or search DogeBonk on Twitter. DogeBonk is the most memeable project in the crypto space since DOGE. + +# Bonkenomics: + +* 10% tax on all transactions: +* 5% are distributed to fellow DOBO holders, +* 5% are added to liquidity to create an ever rising price floor. +* \->token with deflationary properties and automatic yield generation. (Burn wallet is receiving \~1% of all transactions FORTY% burned so far) +* There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯 + +# Dogebonk Safu: + +* Liquidity was locked forever by burning all LP tokens 🔥 +* Ownership of the contract was renounced. +* See proof on our website. +* Contract is was certified audited (link below). +* Top holder owns only 1.9% of the supply. +* As microcap gems go, it’s an unruggable beauty. + +&#x200B; + +# Confirmed News: + +* Tiktok influencers are being looked at and currently negotiated. +* We have a large US billboard campaign event which will generate a lot ton of content. +* The marketing team is starting a twitch campaign that will generate huge viewership. +* We have a web redesign of the website planned by the same company that made the bitcoin website. +* Devs are based and created a MEMEcoin generator. +* Ongoing partnership with Rubic! +* Recently completed their AUDIT REPORT! + +&#x200B; + +# Information: + +Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +Website: [https://dogebonk.com](https://dogebonk.com) 🌐 + +Buy on bonkswap: [www.bonkswap.com](https://www.bonkswap.com) + +Whitepaper: [https://dogebonk.com/whitepaper.pdf](https://dogebonk.com/whitepaper.pdf) + +Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝 + +Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) 🍰 + +How to buy: [https://dogebonk.com/#howtobuy](https://dogebonk.com/#howtobuy) 📖 + +Solidity Audit: [https://solidity.finance/audits/DogeBonk/](https://solidity.finance/audits/DogeBonk/) +Im a poor ape holding xx. + +I imagined buying a fancy Yacht, a nice house and taking my wife on fantasy trips. + +Now everything's changed. + +I just want this money to get out of here and start a completely new life. + +Holding till I see Chinese phone numbers in my account. + + + +Edit: You Apes make my day +El País, Spain's biggest newspaper, just published an [in-depth analysis of the rental situation in Spain](https://elpais.com/economia/2021-10-10/alquilar-con-el-salario-minimo-mision-imposible.html), dubbing it "impossible if you are earning the minimum wage". In 17 Spanish capitals there is no property available for a third of the minimum wage (the percentage that is normally mentioned as a rule of thumb when discussing how much to spend on rent), and only 5 cities have more than 10 affordable listings. + +I'm curious to know: is this shocking with respect to the experience in your country, or also normal there? What's the situation like? +https://www.forbes.com/sites/sergeiklebnikov/2020/04/07/stocks-turn-negative-as-experts-warn-against-undue-coronavirus-optimism/#5e87e8fbe6cd + +https://www.cnbc.com/2020/04/07/stock-market-live-updates-dow-futures-up-800-points-set-to-add-to-1600-point-monday-rally.html + +What do y’all make of this? It was quite interesting to see the Dow slide 600, then go back up, then lose at the end of the day. +I trade derivatives because I like it. I like math. I like looking at the probabilities and the risk/reward on every trade. I like compounding gains. I like trying to outwit the market. All this “remove emotion from the equation” preaching is nonsense. We are gamblers. Thetagang takes the low-risk low-reward approach, but it’s still gambling. And we do it because we like it. + +Please no “thetagang is an income generating strategy” comments. If overall returns are better with buy & hold, just buy & hold and sell what you need to each year. + +Edit: as many people are mentioning, of course you can hold ETFs and also thetagang with part of your portfolio. I am not suggesting to thetagang your entire portfolio. +Everyone knows that wealth begets wealth so instead I wanna hear stories from those of you who grew up broke af. I'm talking poverty trailer park hood type shit. + +I'm sure there are many of us lurking here looking for proof that it's possible!! + +Edit: I was a first generation refugee who grew up in poverty for most of my life. Now I work in high finance and am on the fat path. I know a few other people that have a similar story. Even if nobody else gives examples in the comments, know that it's possible and there's always hope. +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). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your daily threads are too. + +[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 1 day ban. +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. +52 year old here. I have an IT consulting business which I've grown over the last decade from just me to 6 employees. For the last 4-5 years I've made almost 7 figures each year. + +Before COVID life was a dream. We had a number of clients including some very large ones. One of our niches was helping startups set up/expand their offices, scale their internal tech, onboard their employees, and streamline IT processes. + +Through some luck and hard work we had a number of startups grow to be 200+ people and doubled our revenues twice through monthly recurring revenues and hardware sales. + +At the time I had my 6 core guys and a few contractors. I maybe worked 5-10 hours a week. I would go biking on Mondays and Fridays, work a little during midweek, and take care of the books, orders, and other things. Sometimes I worked so little I actually felt guilty. I gave all my guys raises and bonuses. Paid for 2 company vacations for the whole team over 2 years. + +These days life is much different. We lost the big startups and, due to the WFH revolution, there's not much new startup business coming our way. We're back to serving smaller traditional businesses (40-50 user design, professional services, financial services) which are slower growing. We have a few smaller startups but they are growing more organically. + +The market has become super competitive as more people and companies have discovered it can be a lucrative business. Icing on the cake is that we not only have to support technology but also have to be cybersecurity experts to keep up with all the changes in IT security. + +Now I'm working 50+ hours a week. I'm on calls back to back most days - be it with clients, vendors, my employees, or interviewing candidates to fill positions. It's harder than ever to find quality people. Our ad spend is significant to keep growing in order to make up for the higher than usual attrition and loss of clients in these uncertain times. + +As I type this it's 1AM and my ears are ringing loudly. The constant zoom calls and phone calls aggravate my tinnitus. I'm lucky if I ride my bike once a week. Most days I guzzle coffee and don't eat anything until 6-7PM. I've lost 20lbs and a lot of muscle tone. I look in the mirror and it's like I've aged 5 years in the last year. If I get 5 hours of sleep it's a great night. + +In any event, I have about $6MM in investments, my house, and retirement. I'm confident that at the very low end I could sell my business for $4MM. + +On bad days I just say F this and want to sell. I already have a couple emails in my drafts folder to some business brokers I know. + +On other days, I think if I just push through these hard times and get some good people in place, that I'll enjoy my work again, have more free time, and be able to sock away some more money. + +In any case, sorry, sort of rambled on for a bit there...lot of questions but wanted to get some opinions. I guess the main question is should I stress myself out for another million? Or start thinking about a quicker exit and enjoy my life. Thanks for any words of wisdom. +Title pretty much says it. I have a bunch of cash that I’d like to invest, but I know nothing about investment options and I’d be very grateful to get some advice. Brother-in-law at Morgan Stanley says I should do large cap mutual funds and equities, but that’s pretty Greek to me. + +I don’t have a very high-paying job (around $50k/yr) but I’m very frugal and good at saving. I don’t expect I’ll ever have a very big salary, so I’m wondering what would be best for the long run. + +Thank you for your help!! +Title pretty much says it. I have a bunch of cash that I’d like to invest, but I know nothing about investment options and I’d be very grateful to get some advice. Brother-in-law at Morgan Stanley says I should do large cap mutual funds and equities, but that’s pretty Greek to me. + +I don’t have a very high-paying job (around $50k/yr) but I’m very frugal and good at saving. I don’t expect I’ll ever have a very big salary, so I’m wondering what would be best for the long run. + +Thank you for your help!! +Title pretty much says it. I have a bunch of cash that I’d like to invest, but I know nothing about investment options and I’d be very grateful to get some advice. Brother-in-law at Morgan Stanley says I should do large cap mutual funds and equities, but that’s pretty Greek to me. + +I don’t have a very high-paying job (around $50k/yr) but I’m very frugal and good at saving. I don’t expect I’ll ever have a very big salary, so I’m wondering what would be best for the long run. + +Thank you for your help!! +Hello apes/retards, + +I'd like to provide an [update to my previous post](https://old.reddit.com/r/Superstonk/comments/mp7zbn/blackrock_is_about_to_delete_shitadel_out_of/) which outlines the possibility that BlackRock is in the process of deleting Shitadel out of existence. As of this morning, [FINRA has reported no major material changes](https://i.imgur.com/pzxjUR8.png) to its list of major institutional shareholders. However, it maintains the position of *BlackRock Fund Advisors* at & around 14 million shares. + +For the past few weeks, I've been periodically reviewing the [SEC's page on BlackRock's subsidiary firm](https://sec.report/CIK/0001006249) in the hopes that a 13G or 13F would pop up indicating of the change in ownership. However, I've been unable to locate any such publication. Additionally, I've been reviewing some of its holdings in order to better understand how BlackRock structures & files its security purchases/sales via ETFs held by said affiliate. For example, [IJR is a GME-holding ETF](https://finance.yahoo.com/quote/IJR/holdings?p=IJR) of which [BlackRock Fund Advisors](https://fintel.io/i/blackrock-fund-advisors) owns a portion of. + +My understanding of the situation thus far, (please correct me if any of this detail is inaccurate), is that BlackRock Fund Advisors is a holding firm for BlackRock Inc that maintains positions in ETFs/MFs/IFs/Bonds, of which is managed directly or indirectly via BlackRock Inc and/or any of its affiliates. If & when an ETF managed by BlackRock changes its position in a security like GME, said position change would be recorded & published by BlackRock Inc via an SC-13G, (as BFA defers equity management to BlackRock Inc via 13F-NTs). However, said change in ownership would be captured & published differently in FINRAs Major Shareholder section, (as its BFA that is the parent company with majority ownership in ETFs which own stake in GME). + +This discrepancy in equity ownership would explain why 13Gs aren't being filed by BFA, but why it remains present on FINRAs Major Shareholder list. Now, some of you may be skeptical of FINRA/MorningStar and its data, but it seems to be accurate, (at least from our understanding of its function in aggregating and calculating position changes via forms filed by said affiliates and the SEC). Additionally, FINRA/MorningStar would be committing *insane levels of fraud* if said data were wholly inaccurate. Again, **said data must have some level of verifiability; otherwise, every financial law firm would collectively sue them into oblivion for mis-representing positions held by major corporations and funds**. Suffice to say, there is an argument to be made in the thesis that BlackRock Fund Advisors indirectly owns a portion of GME via its partial ownership in ETFs managed by BlackRock Inc. + +This would mean that BlackRock owns 9 million shares of GME via its grandparent company BlackRock Inc, yet it also owns another 14 million shares via its ETFs which are represented by BlackRock Fund Advisor's position in FINRA, (or an approximation of share ownership by its subsidiaries vs ETF ownership between said affiliates). Remember also that we've been tracking the # of borrowable ETF shares, and that average fluctuates in the millions on a daily/weekly basis. Those shares can only come from a specific collection of ETFs of which BlackRock/Vanguard have a majority ownership in. Additionally, only a major firm with full ownership of its ETFs would be able to dictate low interest rates for such high volumes in borrowable ETF shares. + +It could be that BlackRock or Vanguard are lending shares out via its ETFs on low interest because they are aware that GME is undervalued and overshorted. They intended for said shares to be borrowed by SHFs to continue its FTD cycle, and in an attempt to increase the SI% by having itself/competing longwhales/retail buy the synthetics. BlackRock/Vanguard ETFs would then buy more synthetics and continue this cycle over and over. Maybe BlackRock was only lending shares from its ETFs and never intended for said ETFs to vote during the meeting, and subsequently never recalled those shares. Yet. + +TLDR: BlackRock & friends are driving this clown car around the block and are ready to fuck Shitadel & those dumbass shithead SHFs harder than ever before. + +*Obligatory this is not financial advice and do your own research before you come after me fuckers* + +Edit: Removing the P.S. because it's in bad taste. Let's remain positive and focus on aggregating quality data! +So someone got into our Kohl's shopping account and ordered $1000+ worth of stuff and had it shipped to our house. It was an odd thing, why would they do that? I called and disputed the charges as I didn't really want the goods and they opened a case and said more information would be forthcoming. + +A week or so later I get a letter saying that they have determined that the charges were legitimate and that they have closed the case. + +In the mean time I have $1000 worth of stuff in my house waiting for "further instructions" + +I call back in and am a little frustrated at this point. They explain that what the perps are after was the Kohl's Reward Cash, which also goes into your shopping account as well as gets emailed to you. + +I do recall this from the first call, she said that she was going to "get the Kohls Cash quick"... but that was all that was said at that point. + +So I reiterate that I did not make the charges but wanted to know what I am supposed to do now. + +They said to just return the stuff to the store get my refund and be on my merry way. Easy enough... other than the inconvenience of doing so. + +This is where it goes bad. + +I return the stuff to the store... but they can't give me full credit for it because... someone spent the $200 Kohl's Cash already. + +Cue the next phone call while the store manager (who was awesome I might add) works with me trying to resolve the issue... this isn't the first time they have seen this issue, at this store just the week prior they had another fraud return. I'm guessing there is an exploit on their website somewhere that people have gotten into or something, they didn't get into our email or anything else... someone needs better site security + +I digress. + +Anyway, turns our that the cash was indeed spent, and they track it down to a store literally across the country from me. Guy says "no problem, I will put back in the dispute and they will clear up the $200 no problem... unfortunately I can't do it, I have to reopen the ticket with the original person running the dispute" + +I'm starting to gather that this "original person" is a real moron. + +Ok, so I'm happy again. Things will get patched up no problem right? + +Wrong. + +I get my bill a week or so later, the $200 is still on there and now they want me to pay for it. + +I call in again. + +This time I'm rather mad, I've been kind long enough but this is going on 5 weeks now. + +Turns out Original Person decided that since the Kohl's Cash was indeed delivered to our email address that we MUST have spent it ourselves... somehow teleporting across the country to do so, and also forgetting that the perps had access to our shopping account and got the Cash info as it is instantly delivered with your purchase. + +So now I open the dispute again, we spelled out the problem for Mr./Mrs Original Person what the problem is, explaining that it was spent in a different state, and that the shopping account which also contained the cash was compromised. + +What other recourse do I have? This stupid card doesn't have a Visa/MC logo or anything on it. I'm about to shred the whole thing and let it sit out there and dispute it at the credit agency level. + +KOHL'S Get your act together and secure your dumb website! + +Edit: + +Thanks for all the suggestions and help. It is a great community here! + +I did run the https://haveibeenpwned.com/ search, great idea BTW. One hit showed up but that site was only an email database, no passwords attached to it, leading me back to the idea that it is possibly an exploit on their website. If you read down through the replies, it seems like it is an organized group doing this based on the types of items being purchased (rugs in several) they group that hit me also had the ability to spam our inbox trying to hide the order confirmation email among the garbage messages, no everyone has that ability. +Story time! It's weekend, I'm bored, my favorite casino is closed, so I'm gonna share a story. + +I was with a friend yesterday with a group of people I haven't met before. The chat shifted towards stocks and suddenly my friend said "oh u/gorillainalambo you hold that one mega stock thing right.. Ehm.. What was it again?" + +I don't like to bring GME into social conversations usually, because 1) not everyone is receptive of the craziness we've uncovered and 2) you cannot compress 11 months - godknowshowmany years of fuckery into a 5 minute story without sounding like a conspiracy theorist. + +Still, I said "yeah, gamestop!" + +INSTANTLY the man in front of me replied with "oh my God, no right? You're not serious are you? Dude.." I asked him what's wrong and he mentioned that GME is only up because it's hyped by criminal reddit people who manipulated the stock, GME is an old brick and mortar store and not worth its money. + +I told him that" those reddit people are not colluding or manipulating the market, and that Gamestop has actually changed their business model, that they're creating a marketplace for NFTs. So they're able to support the trading of ingame currencies, games itself or any other NFT based products like art for instance. + +The scoff I got, followed by a "HA, NFTS AND ART? YEAH? THAT'S THE BIGGEST BULLSHIT I'VE EVER HEARD. NFTS ARE JUST HYPE, THEY'RE WORTH NOTHING AND ART IS JUST A FORM OF MONEY LAUNDERING AND TAX EVASION" + +I asked him what his portfolio looks like. "Tesla! And all sorts of electric companies" + +I commended him on his portfolio, told him Tesla has had a good run and quickly ended the conversation there. + +Some people just don't want to see the truth. +Titano is launching the new frontier of staking tokens which will literally change the way token holders become Stake holders. + +By introducing an innovative holding system which include a positive rebase formula, Titano is creating a new type of elastic token, named **$TITANO.** + +Thanks to its feature, Titano is able to furnish the **highest APY in the DeFi market** which is worth **102,483.58% APY.** + +**❇️ What is the $TITANO Token?** + +The $TITANO Token is an elastic token which through a positive rebase formula allow $TITANO holders earn staking rewards just by holding the token. + +**❇️ How much is the APY generated?** + +Titano is bringing the HIGHEST APY in the market 102,483.58% which is worth a daily ROI (Daily Return Of Investment) of 1.8999%. + +**❇️ How the APY is sustainable?** + +The elevated interest is sustained by the RFV (Risk Free Value) which receive from the token trading volume a percentage dedicated to create a collateral value for the generated APY which will back the Positive Rebase. + +**❇️ How to earn Interest without Staking?** + +Titano has created the innovative AutoStaking token which bring to users a simpler way to receive staking rewards. The only thing to do is to hold $TITANO in your wallet and you will automatically receive staking rewards. + +**100% Transparent** + +*🔒 Liquidity Locked:* [*https://app.unicrypt.network/amm/pancake-v2/pair/0x44F382CEc44c33067CB12FCFc08457eb6734bE02*](https://app.unicrypt.network/amm/pancake-v2/pair/0x44F382CEc44c33067CB12FCFc08457eb6734bE02) +*🔒 Token Vested 4 years:* [*https://app.unicrypt.network/services/lock-tokens?token=0xBA96731324dE188ebC1eD87ca74544dDEbC07D7f*](https://app.unicrypt.network/services/lock-tokens?token=0xBA96731324dE188ebC1eD87ca74544dDEbC07D7f) +*📜 Audit from Solidity Finance:* [*https://solidity.finance/audits/Titano/*](https://solidity.finance/audits/Titano/) + +📃$TITANO Token Contract Verified: [https://bscscan.com/address/0xBA96731324dE188ebC1eD87ca74544dDEbC07D7f#code](https://bscscan.com/address/0xBA96731324dE188ebC1eD87ca74544dDEbC07D7f#code) + +**🟦 Titano Links:** + +💬 Telegram: [https://t.me/titano\_finance](https://t.me/titano_finance) + +🌎 Website: [https://titano.finance](https://titano.finance/) + +📃 Docs: [https://docs.titano.finance](https://docs.titano.finance/) + +🌐 Discord: [https://discord.gg/WvR2HSbbWQ](https://discord.gg/WvR2HSbbWQ) +Howdy Apes! u/Bradduck_Flyntmoore here! Yes, you read the title correctly. Reddit has actually reached out to us suggesting a cross-post of the Jon Stewart AMA from their sub to ours. This means, effectively, JS will be doing two AMA's simultaneously. While I am beyond excited for this opportunity, I feel a few reminders are in order. + +&#x200B; + +Firstly, the AMA will be a carbon copy of the one hosted on the bets sub, meaning the theme is Fairness and Transparency in the Stock Market. The AMA will be text-based, so do not be surprised if it takes a bit for answers to pop up once it begins. If the community likes, y’all can use this post to start organizing your questions in advance. + +&#x200B; + +Secondly, regardless of your opinion of the bets sub, please take a moment to remember this all started there. While I am not asking for your opinion to change (whatever it may be), I ***do*** ask that everyone exercises their utmost restraint in coming off negatively or argumentatively. Please be on your best behaviour. Jon and the rest of Reddit won’t care who wrote the most DD. This is an amazing opportunity to show who we really are. Apes are excellent to each other. Apes are kind and helpful and have an unyielding thirst for the pursuit of knowledge. Perhaps most importantly, apes together strong. + +&#x200B; + +Despite what happened in the past, we would not be where and what we all are, individually or otherwise, if it were not for everything that happened in all the places it happened. There is a genuine opportunity here for apes to bring this information to the limelight. A genuine opportunity to get folks who aren’t dialed in to see what we have been trying to say all last year. All we have to do is ask the right questions to the right people and MAKE SOME NOIZE! + +&#x200B; + +That said, it’s important to remember that Jon is not a quant. He is, however, a public advocate for positive change with a loud voice and a larger audience. When formulating your comments, keep in mind we want him to continue digging, not just answering questions. Tickle his fancy and give him the ammunition he needs to keep pursuing this story. + +&#x200B; + +Lastly, I want to say how fucking proud I am to be a part of this with all of you. I consider myself quite good with the written word, but as I type this, I find I lack them to properly express what this means to me. Superstonk, in my humble opinion, has always been on a crash course to changing the world (go ahead and look back at the post where I’m introduced as a mod, you’ll see 😉) and I dare say we are finally at the door. All that remains is to open it. To show the world the power of the retail investor! + +&#x200B; + +Thank you, apes. A deep fucking thank you to you all! 🚀🌙 +I've(25F) always been under the impression that this is the case. Probably because that's what my parents told me, but were they talking about just like bills or is there something else? + +I can see how following the 'get married, buy a house, have kids' can be expensive but I don't really want any of those things. I can also see unexpected medical bills, potentially more so when you're older. But is there something I'm missing? + +I ask because I'm at a crossroads where I can continue a job that stresses me the heck out OR I can try something else. I'm just concerned that my constant hopping around will make for lower financial stability in my older years when I may need it. +**TL;DR: RC and BOD say to vote ASAP. This is not meant to create a frenzy. Just awareness. Don't be lazy and don't be passive. When you get your voting materials, read through them and vote. If you don't get notice from your broker within a couple days, then reach out to them and try to get an eta. Voting is an important part of being a shareholder.** + +# [Everything you need to know about 14A Proxy Statement & Voting](https://www.reddit.com/r/DDintoGME/comments/mxa8gy/everything_you_need_to_know_about_14a_proxy/?utm_source=share&utm_medium=web2x&context=3) + +Thank you to /u/thr0wthis4ccount4way for posting this very helpful guide for the proxy vote. It's still a work in progress but I've noticed several answers in it to many of the questions in the comments below! + +You can also [**Read up on the information to be voted on**](https://sec.report/Document/0001193125-21-126940/) **yourself. The BOD recommendations are on page 65.** + +**GameStop's Investor Materials Page:** [www.proxydocs.com/GME](https://www.proxydocs.com/GME) + +&#x200B; + +https://preview.redd.it/mjetr7561yu61.jpg?width=1089&format=pjpg&auto=webp&s=6a49f098a20ef54d13fd398aca953be77a31eb07 + +In reading through the Proxy filing, I noticed something in the letter from Dan Reed on behalf of the Board of Directors. + +RC and the rest of the board are requesting that shares be voted ASAP. This is different language than they used last year and the year before and **I THINK IT'S INTENTIONAL** ***(may not be)*** **AND IMPORTANT!!!** + +***It has since been pointed out by a commenter that there are other companies filings that include similar language and that GameStop actually has similar language in the previous filing in other places, just not in the notice letter. The change in language from previous GME filings is what caught my attention. Even if this isn't a subtle message, the point is still very valid that shareholders voting their shares is important and all who can participate, should try and do so and do so as soon as they can.*** + +[2021](https://preview.redd.it/3xofxred9uu61.jpg?width=1787&format=pjpg&auto=webp&s=341dca251754628532798eb790ccdd467e8e4465) + +[2020](https://preview.redd.it/srmer45ibuu61.jpg?width=1761&format=pjpg&auto=webp&s=7bd24ba02f7cf0393e636817e26569609916cbad) + +[2019](https://preview.redd.it/9zyrkylzauu61.png?width=1155&format=png&auto=webp&s=0f17e42d74746fda2a4381e7580b360b579d4c95) + +I believe this could be a way for them to "confirm" the reasonable suspicion and provide evidence of the naked short-selling we all know is happening. + +I have shares held though 5 different brokers and have only received the notification from 1 of them so far. I anticipate the others will be making contact, providing the resources tomorrow (otherwise, they'll be hearing from me). I have now officially voted the shares my TDA account. + +&#x200B; + +https://preview.redd.it/d89xgy0jx1v61.jpg?width=1398&format=pjpg&auto=webp&s=65bea036aeab7d16b036e8c0063da82e34a4009e + +I will be staying on top of this with my other brokers and make sure I get all of my votes in ASAP as requested by RC! + +This is not financial advice. I just happened to notice something I think other shareholders might find important! Do with this what you will. + +Edit: adding direct links to the filings referenced: [2021](https://sec.report/Document/0001193125-21-126940/); [2020](https://sec.report/Document/0001193125-20-120938/); [2019](https://sec.report/Document/0001326380-19-000087/) + +**Edit 2: Please don't harass your brokers!!!** (Unless it's RH--you need to make sure they don't send your materials to some boy in Bulgaria). **This is not meant to create a frenzy. Just awareness. Don't be lazy and don't be passive. When you get your voting materials, read through them and vote. If you don't get notice from your broker within a couple days, then reach out to them.** + +Edit 3: Still getting a lot of concerns about not getting voting info yet. It could be a couple of days. Voting period isn't even open yet. Don't worry voting won't close for another month. Point of the post and the ASAP in the filing is to do just that. Stay on top of it and do it ASAP. If you don't have voting materials within a couple days, reach out to your broker and try to get an eta. When you do get them, read them and vote. Simple. No panic necessary. + +Edit 4: Added a few links, additional details from comments, and fixed TL;DR + +Edit 5: clarified a statement that was being misunderstood and misrepresented + +Edit 6: Added [link to great voting resource](https://www.reddit.com/r/DDintoGME/comments/mxa8gy/everything_you_need_to_know_about_14a_proxy/) provided by /u/thr0wthis4ccount4way + +Edit 7: Updated with voting proof. +Wondering if folks who have moved or considering moving from high cost tax state to places like Florida specifically South Florida and how has been your experience, better or worse? + +Do you find it beneficial from a lifestyle, people, politics, weather, connectivity, infrastructure etc. and not just tax savings perspectives + +Thoughts? +I’m looking into doing the BRRRR strategy and have only seen amazing stories/how profitable it was with no money invested. + +I’m curious to hear stories of people who lost money with this strategy and what lessons they learned. I appreciate any input! +Been a HODLer for a few years. I threw essentially 6.3k into getting 1 coin. Treated it just like a savings account. Wouldn't touch the damn thing until absolutely necessary. That time is now. I'm only sad....I couldn't HODL you longer, little buddy 😥 + +BUT....I still have remnants. And they shall remain HODLed. + +Just remember. If anyone ever asks you when you plan on selling. The answer is: + +>!More.!< + + +Update for those claiming horror stories of being denied because they used Bitcoin. My loan officer just sent this to me: " FYI- They did question the Bitcoin but I spent over an hour going through the summaries you sent. I had to explain to him what was happening as their statements are not that easy to understand when you are not familiar with them. He signed off on them which is why I did not ask for anything else on them. " +Been a HODLer for a few years. I threw essentially 6.3k into getting 1 coin. Treated it just like a savings account. Wouldn't touch the damn thing until absolutely necessary. That time is now. I'm only sad....I couldn't HODL you longer, little buddy 😥 + +BUT....I still have remnants. And they shall remain HODLed. + +Just remember. If anyone ever asks you when you plan on selling. The answer is: + +>!More.!< + + +Update for those claiming horror stories of being denied because they used Bitcoin. My loan officer just sent this to me: " FYI- They did question the Bitcoin but I spent over an hour going through the summaries you sent. I had to explain to him what was happening as their statements are not that easy to understand when you are not familiar with them. He signed off on them which is why I did not ask for anything else on them. " +I have seen many news articles recently where in order to settle the claim, the family of dead person (in a road accident) had to pursue the matter in courts . + +1. https://m.timesofindia.com/city/ahmedabad/accident-claim-dispute-settled-for-rs-71-lakh/amp_articleshow/84486550.cms + +Claim amt. Rs. 71 lac, Insurance company : United India Insurance Co Ltd + +*2* + https://www.google.com/amp/s/www.esakal.com/amp/pune/lokadalat-order-insurance-company-compensation-police-family-ass97 + +Claim amt. 50 lac, Insurance company : ICICI Lombard + +*3* + https://www.google.com/amp/s/www.loksatta.com/pune-news/compensation-of-rs-1-44-crore-to-the-family-of-a-computer-engineer-who-died-in-an-accident-zws-70-2560760/lite/ + +Claim amt. 1.44 Cr, Insurance company: Name not disclosed in news article + +If anyone has experience with large claim settlements for term insurance, could you please share any tips for avoiding the claim rejection by insurance company. + +Why do the term insurance claims for people who died in accident, reach courts at all? +Update: I posted a [follow-up](https://www.reddit.com/r/povertyfinance/comments/8c9in2/last_week_i_posted_a_guide_on_making_1000mo/?ref=share&ref_source=link) to this post with more info and added revenue streams. + +Time investment required for these numbers: 30-40 hours a week. Feel free to work less or more. 40 hours a week is only a requirement if you want to make over $1,000 following this guide. + +Tech required for these numbers: A working laptop, a cellphone (in some cases), and an internet connection. Alternatively, just go to the library a few hours a day. + +This is a slightly modified and edited post that I made on another sub. I know that when I was trying to improve my life, working online opened a lot of additional doors for me. I was able to eat when I wanted instead of when I could afford it, I have been able to get my car paid off a little sooner, and have been able to afford more luxuries like taking the wife out on weekly dates. + +Working online is something that pretty much anyone can do. If you are already browsing Reddit, you have the tools to make additional income. I am including payment proof as well as direct links to all of the sites, so everyone can see that it is actually possible and get started today. These are all legit sites and I have not been scammed or jipped by any of them for any amount. Feel free to do your own research about their trustworthiness if need be. + +This is by no means a comprehensive guide to everything you can do online to make extra cash, nor is this really that impressive a number to make. This does not include some of the more well known sites like swagbucks or earnhoney, as I just do not like them that much. It does not include sites like Rat Race or Appen. It also does not include tutoring Chinese kids with some of the well known sites. This is more a quick overview of how I personally boosted my monthly income by almost $1,000 a month working with six different websites. While I am in America, many of these sites can be used worldwide. Hopefully someone can find a new revenue stream through this write-up. + +The times I have invested vary greatly, from one or two hours a day to well over 12 hours a day. I average somewhere around $6.25 an hour (admittedly never giving it 100% attention), but to me that is better than making nothing an hour. While it may seem excessive some days, I actually enjoy making money and I do some of it while I am at my day job, so it has become more of a time filler than actual work. Everyone will have their own experience but these are what have worked the best for me, either in time investment or having a little fun along the way. + +**Prolific.ac** ([$120](https://imgur.com/LJBrl0O)): Based in the UK, this is one of my favorites because they pay in Great British Pound (GBP) which is the equivalent to 1.4x the USD. Prolific is similar to mturk in that all you do is fill out surveys. Pay is better than mturk, but the availability of surveys is not as great. The initial questionnaire you have to fill out is a bit long taking me about 20 minutes, but ensures you qualify for every survey they show you and will never get disqualified for not meeting the demographic. You have to hit £5 before you can cash out, but you get this after a few days of watching for surveys. Leave it open in a tab and check it throughout the day. I wish I could do this one all day because the pay rocks, but I only see a few a day. They pay out in PayPal anytime you request it and have a balance of over £5. [www.prolific.ac](https://www.prolific.ac/p?ref=O8LEJ7R6) + +**Mturk** ([$2,400](https://imgur.com/1EPHq64)): This is by far the one I spend the most time on and has been the best earner. This site lets humans perform small tasks that robots still cannot do well. It is owned by Amazon. Downside is there are slim pickings on weekends and when colleges are out on vacation. I typically stick to surveys, but once in a while do batch jobs which there are more of. You have to wait a week for your first payout, which will go to an Amazon payment account. You can the get payouts one time per day after that. Approval for mturk can sometimes be a pain in the ass, almost impossible if you are not from the US, but is definitely worth it in my opinion if you can get approved. www.mturk.com + +**Respondent.io** ([$1,300](https://imgur.com/a/ITb6G)): This site allows users to screen for online or in-person surveys and focus groups. The pay is amazing, easily averaging $125 per test. I only average getting approved for the groups about 10% of the time (I have filled out about 200 screeners and have been selected for 20 studies). Thankfully, each screener only takes me a few minutes to fill out. I have made up to $200 with one hour of work doing an in person focus group. Most focus groups are done through webcam, so you don't even have to leave your house. They payout via PayPal 7 days after the activity is complete. [www.respondent.io](https://app.respondent.io/r/7%20secondman-6cf3dc2d701d) + +**Usertesting** ([$600](https://imgur.com/sxUwXW8)): This site allows you to review new websites and apps. The pay is usually $10 per recorded test lasting 10-15 minutes. Sometimes the pay is more, but never less. I average a few tests a week. Some weeks I will get a dozen tests, other weeks nothing. This one is great to practice your feedback skills, which open up a lot of other doors. Pay is through PayPal, one week (to the minute) after the test is complete. www.usertesting.com + +**Redbubble** ([$60](https://imgur.com/wobuyuz)): After getting rejected by merch by Amazon, I came here. You design and publish t-shirts, clocks, mugs, phone cases, and about 20 other mixed products, with each sell netting you a few bucks. They are based in Australia, and do pay-outs once a month on the 15th via PayPal. I have only been at this one for about two months, but see the potential it has. It also takes a good amount of upfront work before you see any dividends. You do all of the uploading and just wait for people to find it with keywords or searches. Great if you are artistic or know how to use any creative software. www.redbubble.com + +**PlaytestCloud** ($150): This is just simple game testing. It is super fun, very quick, and you get to test new games before anyone else. They send you tests for different listed devices, you download the game file, and they record your screen. The only issue I have with this one is that you are only able to test 3-4 games per month, at $9-$11 each. Paid almost immediately after each test via PayPal. No payment proof available as it is not all saved in one place. www.playtestcloud.com + +**Reddit subs**($400): From test driving cars, to doing homework, to rating businesses, these subs have been a catch all for when I have any extra time to go through them. Honestly, this has probably been the third best pay per hour of work out of everything, after Respondent and Prolific. I just wish there were gigs to find all day. Be careful not to get scammed here. Some people are just... something else. + +Check out r/beermoney, r/workonline, r/slavelabour, and r/jobs4bitcoins. + +Well, that is all I have for now. I hope someone can get something from this. Feel free to share any other revenue streams you may have and feel free to ask any questions you may have. I will answer the best I can. + +Edit: This isn't a get rich quick scheme. And it isn't a way to make anywhere near minimum wage online. This post if for people willing to sacrifice free time to make a few extra bucks. + +Edit II: Holy fuck, I get it. A second job would pay better. This is for people who want extra money without having to get a second job, are confined to their house for whatever reason, have unusual hours free, or for people (like me) that prefer making a bit extra sitting around in their underwear eating cereal not having to deal with other people. + +Edit III: I still understand a part time job will pay way more than this. If you would rather have a part time job, or deal with the stress of deliverables and bosses, have at it. Please stop. + +Edit IV: u/gordigor did an [excellent write-up](https://www.reddit.com/r/povertyfinance/comments/8asxdk/its_possible_to_make_an_extra_1000_a_month/dx25udg?utm_source=reddit-android) on a more passive way to earn around $50 a month. +Hey gang. I’m asking this for several reasons. + +First of all, I love to travel and would like to add some destinations to my travel plans for the coming year. I’m on the east coast but travel all over for work and pleasure. + +Second of all, I’m a semi-retired real estate developer and I enjoy seeing how different towns creatively use their location, natural geography, unique architecture, and local culture to create a “unique sense of place” that makes people want to visit, live and work in one area over another. + +I built my career by giving new life to historic buildings on main streets in small towns in PA. It’s been my passion. But there are lots of other ways to make a place amazing. + +What are some of your favorite unique cities that have stood out to you? +When the markets fell last Monday, I invested around 10k in my MF holdings through KFintech and MyCAMS. The investment was way before the cut-off time for the day but as it happened the units got alloted 2-3 days later when the markets had recovered. Almost the same thing happens with automated SIPs as well. And today the markets have fallen again. + +How do you protect yourself from such volatility when investing via AMC website also doesn't guarantee same day NAV allotment? +I have a low milage vehicle that fits my family of 4 perfectly. However, I want a truck. I've always wanted a truck. I know financially anyway I add it up it makes more sense to keep my current vehicle. However, I want a truck. For a few days I'll talk myself out of it, and then I find myself browsing around looking at trucks again in a few days. This has been going on for years. + + +So when you WANT something and don't NEED it, what tricks do you use to get the idea to stay out of your head for more than a few days? +TDA just messaged me saying I am averaging over 390 trades a day and if I can't lower it they'll add $2 commissions to my trades, due to being marked as a professional trader by the SEC. + +Anybody know if I can circumvent this by trading on two brokers, and say averaging 389 trades a day on each one? +Long story short, my brother, who is addicted to meth (please never do drugs kids) opened a credit card in my name. I received a bill from a collection agency for around $3500. + +I've tried contacting my brother regarding this but the conversation went nowhere until he finally admitted that he "needed" the money and that I should just pay it. He also had the audacity to ask to borrow money from me. + +Needless to say I'm not "lending" him a dime and I'm not paying this bill. What are my options? +[Link to image of profile](https://imgur.com/gallery/LmNuD7K) + +I’ve looked online, but I can’t find anything that talks about this. This guy appears to be an MMTer if that helps. +I've recently read news about Boris Johnson discussing the possibility of cutting access to foreign currencies (GBP & USD) for Russian companies. How is this done in practice? What would stop a Russian company from using foreign currencies? Does it have something to do with the physical location of the FX marketplaces? Or is it related to SWIFT? Could someone please explain this to me? +Hello, my new finance professor has been teaching us about how the Federal Reserve is screwing the government by forcing the government to pay interest on the money the government borrows. He believes the government should print money, therefore they wouldn't have to take on so much debt. + +Is this true? +I, like all of you ( I assume) would be transferring my shares not because I would seek to cause an issue in the market or collude to do so at all. + +I, like all of you, (I assume) would be transferring for my own reasons, my reason is because I don't know if I can trust the DTCC and I personally feel safer with my shares in Computershare. + +If by chance people transferring shares for their own individual reasons causes a MOASS, that is not anyone's fault. + +I would deeply caution anyone from saying that " we are transferring to start the MOASS, " no WE are not; it is all for our own reasons. Period. +I’ve been in involved in California investment properties for 40+ years. The landscape has changed, significantly for the worse for landlords IMHO. My last two negative experiences and status of rent controls: + +-apartment tenant brought in unauthorized pitbull and girlfriend. Obviously I wrote stern letter to correct or quit. City paid tenant attorney wrote response accusing me of discrimination. Then they filed bogus mold claim. + +-foreclosure on a first trust deed (investment) in default. Took five years to wind itself through court proceedings before foreclosure sale, first judge was anti-landlord and granted several questionable delays in debtors favor. + +-CA, has state wide rent control limiting rent increase to 5% plus CPI not to exceed 10% per annum. + +-many northern California cities are adding rent control and or eviction controls or restrictions, Antioch is the latest with a max allowable rent increase of 3% per annum. Other cities include Hayward, Emeryville, San Leandro, Alameda, Union City, Mountain View, Concord. And of course Oakland, San Francisco, Berkeley. + +With difficulty of operating rentals in California, should an investor even consider buying California small multi unit properties in the current anti-landlord impossible to evict bad tenant environment? If not California, what Geographic markets beckon? +I come from an engineering background and I think it’s interesting that the general population especially the aspiring “entrepreneur” type of folk sort of think getting into real estate is easy and they can just buy a bunch of properties and fix them and flip them etc. lots of these people are people who have never even hammered a nail in their life… + +We live in a modern world that has a lot of other tech and things to get into other than just you know residential fix and flips or renting out bare bones properties. I feel like that’s an ancient business mode + + +So my question is, where did this idea of easy real estate success being easy come from? Maybe I’m wrong but I feel like there is this very non accurate idea of what real estate investing actually is floating around out there. But maybe I’m wrong and it is actually easy compared to other business or investments? + +The reason I am slightly annoyed is because I recently looked into buying a house with a family member in order to fix it, and the realtor was really annoying me and you know trying to encourage me even though they realized I have no experience…so it made me realize you know there are probably a ton of people out there with zero experience who get taken advantage of, and it all stems from this idea that has been pushed upon that it’s easy or guaranteed results . Needless to say I backed out and decided I will stay on the backend and work with people who need engineering or design work rather than being the guy who is actually buying and fixing the property. Engineering and design is my passion so I will stick to that specifically. + +Thanks in advance +I'm not the most knowledgeable about market mechanics. Feel free to correct me if I get anything wrong. But I do understand the hedgies fud playbook. + +We knew that the closer we got to the end the gloves would come off. This limit buy change does nothing. Shills will want you to think it does. Scare you into not drs'ing because "you only get 3500". I already saw them in the thread with their talking points. The reality is that during moass if the price is in the millions and you put a limit sell for 3500, you will get a sell for millions due to NBBO. + +I don't agree with market sell but thats me personally. But a market sell will most likely get you rugged. There will be people/institutions low balling during moass if you market sell there is a possibility of getting low balled. Even though the current bid could be in the millions someone could snipe your shares during the volatility. Market orders are meant to be filled as fast as possible. + +In the end no one knows what will happen. But this should not discourage people from DRS. This is 100% fuckery by the broker and not CS. Pulling shares out of hedgies hands to stop them from printing more synthetics is what has helped us get this far. + +This is the reason given for the change. Also if the price rises higher than the limit they will raise it again I imagine. + +**"The change has become necessary because the volume of very high limit orders being placed through our systems has increased significantly over the last six months and is now so high that the total value of open orders risks exceeding the overall risk cap set by our broker. A high proportion of these limit orders (which mostly span just two securities) are submitted at limits that are many thousands of times the prevailing market price for the relevant security. Whenever those limit orders do not execute, they negatively impact the overall risk cap calculation."** + +National Best Bid and Offer Information + +[https://www.investopedia.com/terms/n/nbbo.asp](https://www.investopedia.com/terms/n/nbbo.asp) + +Market order vs Limit order information + +[https://www.investopedia.com/ask/answers/100314/whats-difference-between-market-order-and-limit-order.asp](https://www.investopedia.com/ask/answers/100314/whats-difference-between-market-order-and-limit-order.asp) + +Edit: I just want to mention another tactic that I want to mention since they will likely shift upon seeing this thread. They will question everything, even if they are given an answer they will continue to try and sow doubt. It is reasonable to ask questions. But you can tell by how someone writes something if they are legitimately confused or just trying to fud people. I know there are legitimately angry people. But to them I say I understand you but this changes nothing. If you feel overwhelmed reddit isn't the best place to express it because there are people looking to take advantage of that. It's best to do things with a clear head. +We recently went through a medical fire drill when a relative injured themselves while traveling through a small town far from home. + +The ER did some imaging and diagnosed a fractured bone, but needed further imaging with equipment that they didn’t have to determine treatment options. We wanted to transfer them to a world class hospital near home via air ambulance, but learned that this is only possible if a physician at the receiving hospital agrees to this. The physician denied the transfer because there was not a clear need for surgical intervention, but said they will accept the patient if they arrive on their own. + +After calling around several private ambulance / air ambulance companies, we learned that transferring from one hospital to another is not a service they could provide without that physician sign off, even if we paid out of pocket on the spot. As a result, the relative ended up needing to make the 10 hour drive to the home hospital in the back of a regular vehicle, with the fracture. The experience was frustrating because it felt like it should be possible to throw money at the problem, but in the end we couldn’t figure out how. + +Does anyone have advice on how to prepare for such emergencies in the future? The goal is to have confidence that when a family member gets injured, we can safely and quickly get them to our home hospital or another world class hospital. + +Edit: it was a hip fracture +During the years of 2004 and 2012 I amassed around £40,000 - £50,000 in debts simply because I never used to pay anything. I'd move into property and then basically become a squatter until things got bad, then move. I used to get phone contracts so I could sell them for immediate cash and not pay it, I would get loans and credit cards and never pay them back. + + +My income was around £13000 a year, minimum wage in hospitality and I could never find a way to earn more. When I did try and pay things, what I earned wasn't enough to pay bills and feed myself so eventually i was homeless in 2012. + + +So, what did I do whilst homeless and in a shelter? I signed up to college as my previous education was Fs in everything for GCSEs. I went to citizens advice, and we got a credit report and contacted every debt with a budgeting form proposing £1 a month. + + +For the next 6 years I went from Level 2 BTEC Music > Level 3 BTEC Games > Bachelors with Hons in Computer Science and walked into a £30,000 a year job with zero experience. Reassessed my own budget and made offers to pay everyone. Over the next 4 years my outgoing payments have been £1000 a month for debts and £800 a month for household expenses including food. + + +I now earn just under £40,000 a year, still paying those debts. Still paying £1000 a month towards them, still paying £800 living expenses. But after those I still have £500 a month to spend for fun. + + +I did consider bankruptcy and stuff, but that meant I wouldnt be able to get a car or anything and I thought it would be better to pay everyone off myself. + + +It didnt happen though, I have zero negative or default accounts on my credit file but my credit is still 200/1000. I have assumed that the closed accounts which were previously open 15 years and only just closed recently, there is about 30 of them are still weighing down on my file. + + +However, I have got used to having no credit now and still have an iPhone 14 Pro, 3090 Gaming PC, iPad pro, 2017 Car, Country house and much more things without credit or contractual agreements. + + +Just to conclude, no one might of suggested this before, but if you are in a nothing to lose situation like I was, why not sign up for an education in a STEM field and walk into an amount of money that will change your life. +Power is a funny thing. You only have it when you believe you have it. And those in power only retain it as long as everybody else believes they have it. + +Of course our enemies continue to have their hands on true levers of power across various agencies and institutions. But those levers, in this play, are fleeting. + +Those levers, however many times pulled, change nothing about the true foundational power dynamic from the very beginning of this sordid drama. + +That dynamic is that retail owns the shares its enemies need, and as long as retail refuses to sell those shares retail owns 100% of the power in the power sharing scheme. + +That’s why they’ve been so desperate to make you feel insignificant and utterly powerless over the last 16 months ape. It’s because they know the reverse is utterly true. They are utterly powerless as long as retail continues to diamond hand those synthetic shares they carelessly printed. They wrote a check they can’t cash. + +I think the recent fervor over our new member Pulte, who I welcome with open arms, is all about those built up, painful feelings of powerlessness and psychological impotence being allowed to be released at the idea that someone in a perceived position of power and influence is aligned with us and can finally exert some power in this situation. + +This is a psychological process called projection where we place that which we can’t or won’t see in ourselves onto the people or entities around us. + +But in this crucial period, the calm before the storm of Moass, it’s more important than ever to situate the power where it belongs, which is inside each and every one of us. + +You’ve been fighting the good fight for a long time now ape. You’ve been exposed to gaslighting and psychological manipulation on an unprecedented scale. You’ve taken the time to learn about the inner workings of Wall Street. You’ve withstood the taunts and ridicule of trolls, friends, and family. You’ve stayed a diamond handed warrior through it all. You’re powerful and I’m damn proud to stand by your side. +EDIT #3: +Holy fucking shit, I've never been more misread in a short time period than this. What is your definition of *pumping* a coin? How do you define *pumping?* **Discussion is not fucking pumping, and therefore is NOT what I'm talking about.** Talk about LoopRing as you see fit, I'm not upset about that! Just don't tell people about how the coin is a "multibagger" and how they should "totally buy it." THAT is what *I* call pumping. You guys seriously need to read more carefully, I've never had to repeat myself this many times in my life. + +Superstonk is, and has always been, a GameStop (GME) sub. We have never tolerated pushing other stocks or pumping crypt0. I'm extremely suspicious of all the comments talking about how high LRC is going, and I'm even more suspicious of how many downvotes posts like this one are getting. + +**Nobody is saying not to buy anything, we're just saying not to pump crypt0 on Superstonk.** + +It is *not* FUD to enforce the rules of the sub (I wrote the fucking [dictionary](https://www.reddit.com/r/Superstonk/comments/qigqnm/a_dictionary_for_the_nonape/?utm_source=share&utm_medium=web2x&context=3) and nobody's disagreed with me yet), especially with everything we've seen since January. Remember when people would SPAM about the coin with the dog? I do. Remember SPAM about the popcorn stock? **I do.** We didn't tolerate it then, and I don't think we should tolerate it now. + +By NOT making a PSA, I'd be doing the sub a disservice. I don't care if there are similar posts to this one; I posted one of the first ones about it earlier today and was immediately silenced. + +GME is the play, and DRS is the way. I don't give a shit about LRC because that's not going to trigger or help the MOASS and only serves as a distraction. + +# NOTICE: I'm saying LRC, not LoopRing. + +I understand that a potential partnership is going on, but buying into their crypt0 before GameStop has even confirmed said partnership is like saying NFTCon would have triggered the MOASS. Feel free to discuss the platform and what the partnership can do, but **do not go on about the price of their coin on Superstonk.** + +I will be downvoting the "wut doin LRC?" posts, and I will be downvoting the "I bought LRC and I'm glad I did!" comments. Fuck you, I'll keep my eyes on the real money. + +And just in case you're an *actual* idiot, I'll say it again. **Buy what you want, but don't push it on this subreddit.** + +EDIT: + +Okay people, oh my fucking god. I'm talking about the *coin,* not the *company.* I can only repeat myself so many times. If LoopRing and GameStop's partnership is confirmed, wonderful. Still, don't pump crypt0 on Superstonk, regardless of whose it is. + +I'm **not** trashing LRC. I swear some of the people in this comment section can't read. + +EDIT #2: + +I've removed my other post because I had no idea it would become so abusive (never said I was smart). I'm still as anti-FUD as ever, but I'll censor usernames from now on. Had no idea this would blow up like this, I'm just an asshole sharing my opinion, so stop treating it like my word is law, okay? + +Guess we'll see what happens when the mods make a decision. +Hot off the press today: You can find Citadel Securities (Europe) accounts up to December '21 here. [https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history](https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history) + +I've spent some time digesting - but it's massive changes from their last filing and I will try and post as I unpick things. + +Mainly though - IMO and not financial advice - I am a regarded Ape only, but I think that Citadel Europe was the cause of + +&#x200B; + +https://preview.redd.it/tnto0nszdkq91.png?width=1506&format=png&auto=webp&s=b78b901123973869e0b2e3d9454765dd0f6664de + +Why? + +These charges were filed against Citadel Securities (Europe) in August and September from various lenders, shortly after Kenny G took a personal interest - and therefore provided his personal credit rating shield + +&#x200B; + +https://preview.redd.it/8ijjtbl3ekq91.png?width=1896&format=png&auto=webp&s=0b64cb30cbfbe718db61c1f49726ffb8eae9abbe + +Now the super spicy part from the latest accounts: + +&#x200B; + +https://preview.redd.it/gg0a9qj4ekq91.png?width=1384&format=png&auto=webp&s=fdd9144ec1a9222543f1ce147ed645112c69af70 + +Don't see it yet? + +"Enhance - Enhance" + +&#x200B; + +https://preview.redd.it/zyu2j9o5ekq91.png?width=1752&format=png&auto=webp&s=0a87beb02c43d1bb89a1e30a9df88fffecf20795 + +A $700m increase on money due to be paid out, but not yet paid. + +And looky looky + +&#x200B; + +https://preview.redd.it/9fajrfs6ekq91.png?width=900&format=png&auto=webp&s=f251795b8b1ba3e99c9a9700f1837ee86ad17337 + +$658m due to Custodians: + +&#x200B; + +https://preview.redd.it/h6o8sos7ekq91.png?width=1332&format=png&auto=webp&s=c3ea24acec381f835bac4437bdf9f3095fc13e7b + +AKA the big boys + +But it's not an issue right - a nothing burger because they're still solvent right? + +Well, not really in my very limited knowledge opinion. Because this $600m+ was due - as in collector knocking at the door due - within 3 months of the end of '21. + +&#x200B; + +https://preview.redd.it/6b0klym8ekq91.png?width=884&format=png&auto=webp&s=5ad459957e5556533ef3ea35139c573f772e32cf + +Whereas the assets that balance this liability are exactly that assets - that need to be sold. The company only reported $48m of 'high-quality liquidity' i.e. you can cash it in straight away and get the reported value for it: + +&#x200B; + +https://preview.redd.it/4gp7nxj9ekq91.png?width=854&format=png&auto=webp&s=50973c61219212309e1bef41e01d6b2019f8088d + +So they had a bill for $600m+. And had access to only $48m. Which means they either have to sell off assets below the reported value or get a payday loan. + +So why not sell off assets? + +Because they only generated $48m of income in the first place, well down on the previous year: + +&#x200B; + +https://preview.redd.it/190i2fmaekq91.png?width=1804&format=png&auto=webp&s=76754301b422ba7cf6c76d5e41198a9bad6955e4 + +And $48m income is reliant on them reporting a gain $119m on the $1.7b of assets they reported *at fair value.* + +So if they had to firesale lets say 40% of the assets they held to pay $600m+ due within 3 months - what discount would be applied to the fair value? + +\-10% - would mean a reported loss of income of -$120m + +\-20% - would mean a reported loss of income of -$290m + +\-40% - would mean a reported loss of income of -$660m + +The company only has $300m equity - including the 'fair value' measurement of assets. + +&#x200B; + +https://preview.redd.it/dn3qroibekq91.png?width=1828&format=png&auto=webp&s=056b806e00860bff7ca22638d25d2b4bf28021f0 + +So they couldn't pay the bill - IMO - without liquidating the whole company - or getting loans. + +EDIT: Missed a few words and typos. + +&#x200B; + +EDIT 2: Woah - Citadel restructured **CITADEL SECURITIES FINANCE (UK) LIMITED** during 2021 as well - so that it became the owner/main investor and loaner to all of its Asian/Eastern business units. Interestingly they gained a bunch of charges after Kenny G took control: + +&#x200B; + +https://preview.redd.it/l5a6rxm8ukq91.png?width=1862&format=png&auto=webp&s=422bb09e9c0d1f1d7dfaa15ddc3dc7b758ac584f + +And lo and behold - let's see how much cash they had owing to Brokers - within 1 month!!! + +&#x200B; + +https://preview.redd.it/0un2k0kdukq91.png?width=654&format=png&auto=webp&s=6bebb12020f8aaca5851ba8ef7b87756cd62ac3f + +One point four BILLION dollars. + +$600m of this is balanced by brokers owing them - so $800m net. And they have $218m cash. + +So only $582 of the $1.6b financial assets they own would need to be liquidated / 36% of their assets - in order to pay cash due within 1 month - unless they used a loan or came up with some deal. + +Link here for accounts: [https://find-and-update.company-information.service.gov.uk/company/11966286/filing-history](https://find-and-update.company-information.service.gov.uk/company/11966286/filing-history) + +&#x200B; + +They're running out of cash all over the place and trying to extend payment terms to counter it. + +&#x200B; + +EDIT 3: Thanks for all the comments and wanted to quickly jump on the chat about swaps that is cropping up. These statements are only for the UK based companies and do not reflect the US ones, other than you can see how much dividend has been paid out, or fees or similar. + +The swaps are reported in these reports - and aside from them being able to use crime to hide things - are pretty clean. In fact Citadel Securities (Europe) pretty much stopped completely a massive interest rate swap contract play, valued around $1.3b, they were using the year before. I expect if we ever got reporting like this in the US, it would be a very different situation. + +&#x200B; + +EDIT 4: God damn it. I forgot about this: + +&#x200B; + +https://preview.redd.it/1t7xeqyehlq91.png?width=1450&format=png&auto=webp&s=9670fa573fb9495cd82161a9c1726ff9954701b5 + +$1.2bn is approximately the debt due to brokers and custodians for Citadel Europe and Citadel Eastern (short hand names) less cash that they had on hand. And it closed in January 2022 - right when they had to pay up... +I have just passed £20k in total net worth today 😊 I’m 30 and this is the most I’ve ever had. + +In Aug 2019 I had my wedding and was in my overdraft by around £200 the day after. I really started learning about money around then. Teaching myself things that now seem bread and butter to me! + +I was alcohol dependent for almost my entire 20’s. The longest I held a job down was 7 months in a decade (19-29). I’ve now held down a job for 21 months. This proves it’s never too late! + +Just 3 years ago I was clinging to a part time role in Poundland whilst still struggling with my drinking. Me and my wife are now saving for first house. + +The amount of great free info on Reddit, YouTube, MSE etc. Have really helped me become financially literate and I’m chuffed that I never truly gave up. +So here's the deal, I don't really believe I'll ever see my pension. A lot of people my generation don't either, anecdotally. The world is in crisis, climate change is coming... I'm not sure I believe in the capacity of states to a) not collapse in some way, and b) not go full right-wing and ruin our pensions one way or another (I'll let your imagination think of scenarios) + +That's obviously pretty pessimistic, but at the end of the day, I don't understand why people take the stability and availability of pension money for granted? I see it as a form of very long term gambling, and I see it as kind of risky given the direction the world is going. + +It is effectively giving your money to private companies on a 40-50 years loan with _no way_ of taking any of it out until the time comes. What if that money, or the infrastructure around it, stops existing by then? What if things go really bad and you need that money earlier? What if the age you can access it keeps being pushed away? What if life expectancy goes down in the next few decades because of all the crisis coming and you become unlikely to ever live to use it? What if mega-inflation? + +This is why I've been mostly ignoring my pension and keeping it to the normal minimum contribution + investing my money myself. + +What do you think? +Hello r/ValueInvesting, + +after investing in ETFs for a while, I decided to try a more active way of investing in the stock market. +Inspired from the things I read about Graham's theories and a lot of other posts on this subreddit, I tried to find some good stocks to invest in. + +In the following post, I'd like to share with you my (beginner's) approach of finding this stocks, in the hope to get some feedback and criticism: + +**1. NASDAQ Screener** + +My first step was to get a list of companies. After searching the internet for a while, I found out about the NASDAQ stock screener. +My search criteria: +- Market cap > $2b. +- Regions: Australia & South Pacific, Europe, North America + +I made the decision to choose this criteria to reduce my risk: I didn't want to invest in small caps companies, because there is less information on the internet about these companies. Furthermore, I didn't want to invest in emerging countries, because I don't know a lot about their politics and society. + +Result: 1779 companies + +**2. Search companies that *might* be undervalued** + +My first screening-criteria is the p/e-ratio. + +For this step, I (probably) used the most simple method, the GOOGLEFINANCE-API in Google Sheets: + +``` +=GOOGLEFINANCE("TICKER", "pe") +``` + +When I couldn't get data with that method, I deleted the respective company, because I simply do not have the time to search for this data manually. With that step, 1211 companies stayed on my list. + +Now, I searched for companies with p/e < 15, to find companies that *might* be undervalued. After that, I had 191 stocks on the list. + + +**3. Looking at other metrics** + +After having a look at the p/e-ratio, I looked at the following metrics: + +* debt/equity-ratio < 0.5 +* ROE > 15% +* p/b < 1.5 OR (p/b) * (p/e) < 22 + +While the idea behind looking at the first ratio was to reduce my risk, the second and third ratio was to further look at the possible undervaluation of the respective stock. My main source for this step was [finviz.com](https://finviz.com/). + +After this step, only 11 stocks stayed on my list. + +**4. Looking at the earnings-history** + +For this last 11 stocks, I then looked at the earnings-history. For me it was important that +* the current eps are 1/3 higher than the eps 10 years ago. +* that the eps was at maximum 2 times negative in the last 10 years. + +I found this data on [financials.morningstar.com](http://financials.morningstar.com/ratios/r.html?t=aapl). + +This deleted one stock from my stock, so that I now have 10 stocks to invest in: + +* AFL +* ALL +* BIO +* FAF +* FBC +* FNF +* HTH +* LEN +* MCY +* WTM + + +What do you think about this process and the found companies? Where can I improve? + +--- + +Disclaimer: This is not financial advise. Always do your own research. I am not (yet) invested in any of the mentioned stocks. +My plan is currently to buy a property in that area (northern Miami Beach) as a primary residence, convert it to an investment property in 1-2 years. I was seriously considering putting an offer on an apartment there as I viewed it as fairly solid: beachside property, view of the water, building was old but not 1950s old, in a very upscale town, hurricane impact windows installed, HOA has cash reserves. Eventually, I decided I couldn't afford it since it would need renovation before renting it out and that put it above my budget. + +I'm sort of shook. Not only is it a tragic occurrence (a kids bunk bed hanging out in a half-torn-apart apartment is just giving me goosebumps), but I just never would've expected something like this. How does one even do research to know that this building could be at risk? + +Sources say that there was a construction site next door that was shaking the building constantly last year combined with a pre-Hurricane Andrew building design and some other factors. I'm honestly looking at every other water-side property I'm considering and wondering if any of them could be next. +This is a judgement free zone. +Everything that gets aired in here, stays in here +(also in your post history forever) + +Hi. +My name is compleks, and I'm still holding onto DW8. +Cause of what the fed said, ofcourse. + +But what did the fed say that was so bad? + +They said that they will keep interest rates near zero, isnt that just good for the recovery process of the economy? + +They said they will keep buying bonds for billions of dollars, i dont get why this is bad news. It just boosting the economy right? + +They also said they think the GDP will bounce back to a 5% gain in 2021. + +Why is all of this bad news? + +https://www.cnbc.com/2020/06/10/fed-meeting-decision-interest-rates.html +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +I just got off the phone with a customer service manager at Fidelity, whom I was routed to after initially calling to Directly Register (DRS) the remaining shares of $GME that I have in Fidelity. After spending over a half-hour on the phone with this person and asking numerous times who the counterparty was that made the $2B "error" regarding shortable $GME shares, he informed me that the counterparty is a company called "Knight Brokerage". + +Why is it that the counterparty's name cannot be mentioned yet on reddit, but it can be discussed via phone calls to customer service managers when customers call in to ask for the name of the counterparty? Why is Fidelity covering up for this "Knight Brokerage" if the error was not something that originally stemmed from within Fidelity's internal systems? To me, this makes this situation seem even more fishy, and has confirmed that I am making the correct decision to DRS 100% of my $GME shares. + + +**EDIT:** It is more than likely that the Customer Service Manager I spoke with today misspoke. Maybe a Freudian slip? "Knight Brokerage" appears to be a trucking group, while "Knight Capital Group" appears to (more than likely) be the counterparty we have been looking for. More information on KCG can be found in /u/elonmusksaveus /u/NotBerger and /u/Swannie69 's comments below: + +https://www.reddit.com/r/Superstonk/comments/r6l6rf/knight_brokerage_is_the_counterparty_that_made/hmu360a/?context=3 + +https://www.reddit.com/r/Superstonk/comments/r6l6rf/knight_brokerage_is_the_counterparty_that_made/hmu0vye/?context=3 + +https://www.reddit.com/r/Superstonk/comments/r6l6rf/knight_brokerage_is_the_counterparty_that_made/hmtvlaj/ + +**EDIT #2:** /u/RAdm_Teabag has brought it to my attention that Knight Swift Transportion filed a schedule 13G this year naming FMC and Abigail Johnson as a significant shareholder (about 12 million shares). Abigal Johnson is the current CEO of Fidelity. + +https://d18rn0p25nwr6d.cloudfront.net/CIK-0001492691/8aa80f71-b98a-4867-b438-ca4d5419afb4.pdf + [https://finance.yahoo.com/news/airline-ceos-promise-to-eliminate-dividends-and-stock-buybacks-if-congress-passes-29-b-coronavirus-bailout-175925540.html](https://finance.yahoo.com/news/airline-ceos-promise-to-eliminate-dividends-and-stock-buybacks-if-congress-passes-29-b-coronavirus-bailout-175925540.html) + +If the corporations who signed the letter do get at least $29b in government aid, and do follow-through on their promise, it seems the stock prices could drop quite a bit. It seems value to the shareholders, especially any investors for retired persons who depend on the dividends, is shot until the "loan" is paid back. The only way I can calculate a fair price for the stock is by using the FCFE method as the Dividend Discount Model with buybacks would give an answer of $0. + +What are people's thoughts on if this goes through and what will happen to the stocks of those companies in the letter? +Long story short, I come from a low-income background. Not a single family member or friend of mine invests... other than mandatory pension funds, and maybe some younger people doing crypto haphazardly. I never imagined I would have money to actually invest. Just having a savings account counts as an advanced financial strategy where I'm from. + +This being the case I've always dismissed stocks and other forms of investment as "something for wealthy people." To me it all feels very foreign, difficult and risky. Honestly, the only form of "investing" I can get my head around is buying property, but that doesn't really suit me at the moment. + +I feel that sources of information aimed at people like me are often A.) blind leading the blind ***or*** B.) toxic/predatory - i.e. using 'too good to be true' slogans to pull me in to buy their book, seminar, program or keep watching their content online. + +Today I have about 30k EUR to invest long-term (10+ years) and 10k EUR I would like to invest short-term (more flexible, 2-5 years). + +I have no idea how to go about it, and it has me gathering savings in the bank for many years now, gaining next to nothing. I know 40k isn't much to some, but I had to work very hard for it, and it took years to save. I'm afraid of losing it by not understanding the investment world. + +Questions: +1.) What books / online courses / podcasts / YT video channels / etc. are the real deal? The kind of stuff that can teach me about this world, rather than selling me dreams and expensive seminars. + +2.) I may move to a different EU country in the next 2-3 years. Should I wait with investing until I move? Currently I'm living in Poland. + +3.) What is a safe and mostly worry-free way to invest 30k EUR long-term; beginner friendly? + +4.) What can I do with the short-term 10k EUR that I would like to invest? Something more profitable but still *relatively* safe. I can tolerate some risk, but I am not looking for stuff like crypto. + +**Thank you so much for taking the time to help.** +I was just trying to figure out why DTC-2021-005 disappeared from the SEC website. + +Edit: I [found the source](https://www.reddit.com/r/Superstonk/comments/mpmcyz/good_news_update_on_dtc2021005_according_to_john/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf) of my understanding about why it was removed. u/kamayatzee contacted John Petrofsky, general council at the DTCC, who replied with the “technical formatting” explanation. + +# Why it matters. + +This is the DTCC regulatory change that would essentially kill the supposedly illegal, but well known practice of [naked short selling](https://www.investopedia.com/terms/n/nakedshorting.asp). + +As user Tavurth over on [elitetrader.com](https://www.elitetrader.com/et/threads/dtc-2021-005.357433/) summarized, + +“DTC-2021-005 would mean, + +- Securities can't be "borrowed" more than once +- Some securities won't be able to be used as collateral +- Short/naked options selling or buying won't be possible: HF will need to have the shares when buying puts or selling calls.” + +This would clearly stop hedge funds from getting into the position of having 140% (or possibly much more) short interest, or in other words, having more shares in circulation than were ever actually released by the company. + +#DTC-2021-005 and MOASS + +This ability of market makers (such as Citadel Securities) to generate and lend, and hedge funds to borrow and sell non-existent shares, and the suspected resulting huge number of “fake” shares in circulation, underpins one of the key tenets of the MOASS theory - that hedge funds would be crippled if they were forced out of their short positions, because to do so would require them to buy back all these “fake” shares. + +And if nobody is willing to sell them cheaply, this buying pressure would force the GME share price to rapidly rise to insane heights, indirectly causing a cascading collapse of exposed hedge funds and possibly even other DTCC members. Or beyond. + +##The DTCC + +DTC-2021-005 is the final, and likely the key piece of a set of [regulatory changes](https://www.sec.gov/rules/sro/dtc.htm) that have been put in place over the past 3 months. These are an attempt to address the systemic issues stemming from the fallout over the GME saga at the start of the year that triggered the House Financial Services Committee meetings in February and March 2021. ([Aljazeera article](https://www.aljazeera.com/economy/2021/2/18/us-house-committee-to-grill-key-figures-in-gamestop-stock-probe)) + +But even though other DTCC changes have been formalized, the DTC-2021-005 regulation which initially appeared with the others, was more recently removed from the DTCC website under the guise of ‘cleaning up the final formatting’, or words to that effect (ref needed). + +Whether this regulation is, (regardless of its removal and noticeable absence from the [DTCC website](www.DTCC.com)) actually **de facto** in force now is debated, but unknown. + +#So is it coming back? + +It has now been over a month since its disappearance, and has yet to reappear. I don’t think it will, at least not in its [present form](https://zenodo.org/record/4718936/files/005%20-%20SEC%20SR-DTC-2021-005-2%20-%20submission%20of%20rule%20finding.pdf?download=1) (warning, PDF download). + +My reasoning is that that there is very likely extreme pressure from within and without the DTCC to not enact DTC-2021-005. Almost certainly there will be political pressure as well, to the highest levels of US government. + +Naked short selling can be immensely profitable to sellers, and has a core strategic value. As [reported](https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/) by our honorary ape [Lucy Komisar](https://en.m.wikipedia.org/wiki/Lucy_Komisar) (love ya, baby!), Ken Griffin, CEO of Citadel LLC, one of the largest market makers, said to the House Financial Services Committee in February, + +”Hedge funds have to borrow shares to short sales,”, and added, + +“Institutional investors earn substantial returns from lending out shares, 25 or 30 percent.” + +Meaning that investors make a LOT of money through the practice of short selling. + +##Previous attempts to kill naked short selling + +After the 2008 crash, there was an effort to curtail naked short selling but lobbyists soon quashed that. Again, from Lucy’s article: + +”the DTCC had gone to the SEC with a proposed solution to naked short selling … with the DTCC creating “a centralized database [that] would prevent the same shares from being used for multiple short sales.” + +”(they) continued to try to fight naked short selling in the Dodd-Frank debate. But the SEC was dodging the issue, and Dodd’s Senate Banking Committee largely ignored it. + +”After the flash crash in May 2010, “… the SEC said it would create a consolidated audit trail (CAT) on trading in stocks and options. … **More than a decade later, CAT doesn’t exist**.” + +So this attempt at stopping naked short selling couldn’t overcome lobbyists and the DTCC itself. + +Remember, the DTCC is a private company. It’s not part of the government. One of it’s roles is to ensure that its members (financial bodies, hedge funds, market makers etc) act in a consistent way, through regulations. But it’s self-governing, meaning that it deals with internal matters itself including the enforcement of its own rules. + +Foxes running the hen house, perhaps. + +##So no, I don’t think it’s coming back. + +If the 2008 global financial crisis wasn’t big enough to push through changes that would curtail naked short selling in its current form, I don’t see the February GameStop “crisis” doing it. I have no doubt the same forces that killed the 2008/2010/2012 efforts are at work to kill off this 2021 DTC-2021-005. + +It’s possible and likely that something as significant as a MOASS (which, by the way, has no Wikipedia entry yet. Hint hint) could be the catalyst for such a change, but currently, the main bodies that expect that a MOASS is even possible are Redditors. A growing voice in the world of high finance certainly, but not really in a position currently to push through changes to government. + +(Homer Simpson: “… so far”.) + +DTC-2021-005, in its current form, would have a major impact on the profitability of the most powerful forces in Wall Street. Naked short selling is only a part of a far more complex “industrial machine”, but a key lubricant in keeping the cogs turning. + +And the people that run this machine are not going to just let some Committee, or the court of public opinion, or even peaceful protests on the streets, turn it off. +Hello All. I’m 24y/o making roughly 102-110k per year between full time Job (93k annual) and owning a vending business (10-20k annual) in a low expense area (North East PA). +I pay rent and utilities which come out to roughly $950 per month. I am also debt free and invest 15% of my full time salary into my 401k along with the company 5% match. (20% total). + +I have put aside all of the partying and drinking that most kids my age do to get highly qualified and land a good job so I can buy some things I feel are big goals of mine. + +One of my biggest goals is to purchase one of my dream cars since I’ve been a kid.. + +It is around 60-68k. I have 40k to put down on it.. + +I’m usually decisive with my choices.. but I’ve been frugal for most of my life as this would be my first big purchase. + +Any advice for a younger guy? +I've been thinking about where I want to keep my savings, I've heard I-Bonds are superior as they have a higher rate of return than savings accounts. + +I heard this months ago, is it still the case? + +Any downsides? +So until maybe 10 years ago I thought 401k and retirement was for the rich. No one ever explains this stuff to you in school or otherwise. I’ve also always been a bartender or server, so I’ve not had a job that offers any of these things. + +So I ask you, what the hell do I do, how do I get started? If I start now, would I even be able to retire at a decent age? I make about $45000 a year (after taxes), but my monthly (and all) income varies due to the business I am in. + +I have about 20k in student loan debt (and no degree, yay!) that I pay about $50 a month on. I have one credit card and it has $500 on it due to a recent emergency but I don’t usually carry a balance. +My bills and expenses are about $3000 a month, I track every penny in and out on an app so I can provide more info there it needed. + +I feel so clueless and silly for waiting this long. Can anyone help me out?? Thank you! + +Edit: I rent, $600/month. My car is paid off. I’m getting an unexpected $3500 soon and want to so something smart with it. + +EXPENSE BREAK DOWN 2019: I’ve left out some of the smaller and one time expenses + +Pets $7550 (my dog was diagnosed with lymphoma, usually it’s about $2000 a year for pets) + +Rent 6750 + +Savings 4800 + +Cigarettes 3500 (yes I know that’s a lot and I need to quit) + +Groceries 3450 + +Weed 2100 (medical. Non negotiable) + +Eating our 2650 + +Cell 1650 + +Health insurance 1600 + +Electric/gas 1550 + +Lady things 1550 (this is hair color, make up, tampons, etc) + +Car insurance 1380 + +Clothes 1200 + +Fuel 1200 + +Entertainment 1100 (concerts, movies etc) + +Car repair 850 + +Braces 800 (smile direct) + +Internet/subscriptions like Netflix 785 + +Gifts/Xmas 1300 +Student loans 445 + + +EDIT AGAIN! + +Several people have said I’m living in poverty. That is not the case! I didn’t realize some would consider that poverty level, especially without kids! +Ok this might be nothing but I just quickly searched for key word "dividend" within the Q2 earnings and before in Q1. In Q1 you will find absolutely nothing, but in Q2 we suddenly find this: + +&#x200B; + +https://preview.redd.it/fch9kjlw7cm71.png?width=1255&format=png&auto=webp&s=008bdf01f69be922cca92579b852d48b2ec31aac + +Maybe a hint that we will see dividend (maybe in form of NFT) in Q3? ...I dont know but I like to get my tits jacked up :-) +First of all, let's just be clear - Short squeezes aren't for your family, friends, coworker, etc. to believe. They happen all the time, every day. + +There have been plenty of occasions where a short squeeze has driven a price up to a ridiculously high peak, with short interest not even close to what GamesStop's is. One in particular, off the top of my head, was DGAZF, which squeezed in August 2020. It ran from $400 to 25,000+ with only 45% short interest. + +Anyway, I know this is mostly common knowledge, but ***really*** wrap your head around this... + +GameStop is *literally* affecting the entire global economy. The largest dips in the Dow/s&amp;amp;amp;p/NASDAQ have all correlated with the price of one this one, single stock. + +Let it sink in, how insane that is and what it means for the potential reach of MOASS. + +For the past 8 months, it's felt like the market has basically revolved around GameStop. I know others have had the same experience - No other stock on my watch list has acted normally since the first spike in January. + +For example, there have been so many periods where everything on my watch list was red, for days (probably hedge funds selling off securities), and I could always count on GME to shoot up after the perceived sell-off period. Another typical pattern I noticed was that GameStop and the rest of my watch list had the exact opposite performance, quite often. Either GME was green and the rest were red or the rest were green and GME was red. + +I just hope the new traders understand how significant GameStop's impact on the market really is, because none of this is normal, in any way. I've never experienced anything like it. + +TL;DR: The stock is literally affecting the entire global economy. That should give you all the confidence in the world that we have the potential to launch higher than we can dream. + +Edit: Legit shills are in full force here, damn. My guess is that it starting gaining traction and they went hard because they didn't like a post mentioning a $40mill floor in the title, reaching r/ all. Most of the comment don't even really make sense. +Viatris is a new pharmaceutical stock formed from the combination of Mylan and the Upjohn division of Pfizer, released onto the Nasdaq in November. + +The company offers many well-known therapies (such as Xanax, Viagra, etc) which were originally part of Upjohn's collection of branded drugs. + +Below a brief summary of both the negatives and positives surrounding this stock, however if you want a better understanding I have left some articles below. + +Positives + +* The company plans to offer a dividend (estimated around 5% yield) using at least 25% of the company's free cash flow. This is a lot better than Pfizer's current yield of around 4.2%. +* A dividend cut down the road seems unlikely. Even with the recent headwind the pharma industry has faced recently, the revenue of Viatris has and should remain relatively stable, with potentially to definitely grow in the next few years. +* The stock is wildly undervalued. This large market-cap stock (close to $20 billion) trades at only 4.4 times expected earnings, joining only a handful of large-cap stocks that trade at forward-earning multiples below 5. Earnings can be deceiving so take also its price-to-sales multiple: 0.77! + +Negatives + +* Pfizer may offer superior growth moving forward for one simple reason. It won't have older drugs that rapidly losing market share to generic alternatives - however, Viatris will remain with those drugs in its lineup. +* Another headwind is the continued price erosion for generic drugs in the US-China volume-based procurement program. This is creating pricing pressure and may take Viatris time to find faster-rising sales and overcome these challenges. + +At the time of writing this $VTRS is down 11% after a rather downbeat 2021 revenue outlook. However with an upcoming dividend release and an extreme undervalued price this could be a great reliable dividend stock with room for some conservative growth on top as the company finds its feet. + +Below I have left the sources used, which should provide a much better understanding of the company financials, history and future. + +[https://www.fool.com/investing/2021/01/31/the-most-wildly-undervalued-large-cap-stock-on-the/](https://www.fool.com/investing/2021/01/31/the-most-wildly-undervalued-large-cap-stock-on-the/) + +[https://www.fool.com/investing/2020/11/24/should-pfizer-shareholders-sell-their-viatris-stoc/](https://www.fool.com/investing/2020/11/24/should-pfizer-shareholders-sell-their-viatris-stoc/) + +[https://uk.movies.yahoo.com/mylan-vtrs-stock-undervalued-now-165004336.html](https://uk.movies.yahoo.com/mylan-vtrs-stock-undervalued-now-165004336.html) +I am a software developer not yet near FIRE, but I am approaching some semblance of FU money, with a bloated savings account and a decent chunk of change invested in various tax advantaged accounts. This month, I earned a good review at work, and decided I could start to coast a bit more and try to focus more on my mental health. However, my boss had a different plan. Suddenly, I have more pressure than ever to deliver multiple projects yesterday, and am at a loss for how to respond. + +How do you use your FU money in practice? In my experience, at least 50% of bosses want to push their employees to give their jobs 110%. I always imagined when I got to this point that I would be able to coast with a more comfortable 80%-90% effort, but it seems most bosses put pressure on their employees to be as productive as humanely possible by any means necessary. The pressure has really started to affect me and I have considered quitting, but since quitting would delay my FIRE date, I would prefer to keep my job with a slightly reduced workload. I also have some fairly specialized skills on our team, which has resulted in me being the only person on our team able to deliver certain projects. I thought this would be good leverage too, but I'm not sure my non-technical boss will truly appreciate this fact until I'm gone. + +How do you utilize your FU money to make yourself more comfortable at work, without setting yourself up to get additional pressure from your boss or labeled as an underachiever/candidate for the chopping block? +* A few non-GME tickers are being spammed with awards on other subreddits: [https://i.imgur.com/QiHJHDx.png](https://i.imgur.com/QiHJHDx.png) +* "A week old post of mine on X got 10 anonymous awards today. Super suspicious.": [https://www.reddit.com/r/stocks/comments/l53bbw/todays\_posts\_about\_nok\_and\_amc\_on\_this\_sub/gksdn13?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/stocks/comments/l53bbw/todays_posts_about_nok_and_amc_on_this_sub/gksdn13?utm_source=share&utm_medium=web2x&context=3) + +I think the large players are starting to realize they need to take the retards on reddit seriously. I think they're attempting to astroturf the investing subreddits by giving awards to tickers they have a vested interest in. And at this moment, that's anything that isn't GME. They know that once the prevailing enthusiasm subsides they'll have the opportunity to close. + +Stay wary and stay vigilant my comrades. This is a war of attrition. + +Positions: $8k in shares/calls GME 🚀🚀🚀 + +&#x200B; + +Edit: I'm in no way advocating for everyone to go all in on GME, or for this sub to become a one-ticker show. I'm only pointing out that some of the recent activity is highly sus and to be be wary of all posts – including this one. With that said, GME to the god damn moon 🚀🌕 +Say I invested 100k into stocks. Those 100k grow to 200k over 5 years. + +I cash out. + +As I understand it, i need to pay taxes on those 100k "profit". + +But what if I moved to Uganda before cashing out my earnings? Would I be subject to Ugandan tax laws on my 100k? + +Am I completely wrong? + +Are there some good sources that talk about this? + +Thanks and have a nice day! +Would you like to share your experiences when getting professional financial advice? Are you happy with those experiences? I'm a finance PhD studying how the effects of getting financial advice from someone selling you products (a broker) VS and independent advisor. Interesting to know what it's like in different European countries! +Would maxing out my TFSA and RRSP purchasing XEQT be considered a decent move? I'm looking at leaving it there for the next 30ish years. Not sure if it would make more sense to purchase different ETF's to balance. +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. +Google has answered this with a resounding yes, but that honestly makes me more suspicious and confused. +1) Will this negatively affect my taxes or tax return? +2) With society and the earth as they are now, and the future so up in the air, is it really worth it? +All small saving scheme including PPF and Sukanya rates have been slashed. + + +[Bad News! PPF, NSC, SCSS, other Post Office Schemes interest rate slashed by up to 1.4%; Check details](https://www.financialexpress.com/money/small-savings-scheme-interest-rate-cut-check-post-office-savings-scheme-2020/1915223/) +First, credit to u/johnnydaggers for putting the pieces together in [this post](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/). + +Many of us are probably watching the short interest % of float to indicate when the short squeeze is squoze. At this point, the hedge funds clearly know this, given how hard they've spent the last couple days using their MSM shills to announce "WE HAVE EXITED OUR SHORT POSITIONS!!! YOU WIN!" + +There is a chance we're going to see that short interest % of float number go down at the same time as the price drops. Failure-to-delivers may also go down, at least in appearance. + +# This is probably a lie. + +Failure-to-deliver numbers and the short interest % are just the tip of the giant dildo they're trying to fuck us with. If this thing is actually what it looks like, they have way, way, *way* more exposure to this shitstorm than they are letting on. + +There are ways for hedge funds and their colluding market makers to hide their exposure to a counterfeit stock scheme / naked short / short attack. You can read all about it here: [counterfeiting stock 2.0](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) (again, credit to johnny for bringing this to our attention) + +If you don't know how to read, just scroll down to the picture of the iceberg. + +If you **do** know how to read but don't have a lot of time, still scroll down to the picture of the iceberg, and start reading from there. + +**TL: DR**\-- using a bag of dirty tricks, hedge funds can "unwind" their *disclosed* short positions, without ever having to exit their *real* short positions-- the ones that are actually super dangerous and putting them at risk of insolvency. They are going to do everything they can to get us to sell, **up to and including fucking with the disclosed short interest % of float-- the number we're all watching.** + +So watch the short interest with a titanic-sized grain of salt. It could go up, it could go down, but it's likely not anywhere close to their real risk exposure either way. + +My GME positions: 4 @ 329, 2 @ 325, 13 @ 272. + +I originally bought in at $14 and sold at $19 like a paper-handed bitch.Now I'm holding until $10,000. + +*I'm an ape, I don't know what the fuck I'm talking about, this is not financial advice, do your own research, etc.* + +**EDIT:** if you have a lot of time on your hands and want some more research on how this works and maybe a little peek into what we're in for, see u/Sleavitt10's comment [HERE](https://www.reddit.com/r/wallstreetbets/comments/l9jbc5/listen_to_me_we_cannot_trust_the_short_interest/glib7cs/?utm_source=reddit&utm_medium=web2x&context=3) + +**EDIT 2:** people are pointing out that that source I’m using says short squeezes aren’t really possible anymore, because counterfeiting can overcome any amount of buy-side pressure. And normally I would agree, but there are exceptions. + +Like when a counterfeiting scheme runs into a multi-million-man army of enraged retail investors who are willing to buy the stock at any price, for example. And remember, the longer this goes on, the more they lose, so they are highly motivated to produce a quick resolution. The desperate moves on Thursday and Friday that ultimately failed are proof of what a serious situation this is becoming for them. + +The sheer number of retail investors who are buying this stock just to fuck up the short attack is absolutely mind boggling. So long as we maintain our numbers and resolve, they must spend more and more money to get out of the hole. + +Hold. The. Line. + +**EDIT 3:** [IT'S ALREADY FUCKING HAPPENING.](https://twitter.com/jonpeterswrites/status/1356019766624923654) 6 hours ago shorts weren't covering, and suddenly they've covered 30 mil on 50 mil volume? I don't fucking THINK so. And even if they are, that doesn't unwind the 2-3x as many shorts built on top of imaginary shares. + +**EDIT 4:** to quote [Brought2UByAdderall](https://www.reddit.com/user/Brought2UByAdderall/), "Fuck the stats. Watch the fear." +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! +Alright, so Mods decided it would be best for the Sub to be represented on Twitter. What does the Community think about this? + +[https://twitter.com/rSuperstonk](https://twitter.com/rSuperstonk) + +I personally think this is primed for desaster, for now there are multiple Persons (at worst one individual) that can be contacted directly and openly on Twitter. We will never see the DM‘s that are written on those accounts. Also I remember having this discussion long time ago to NOT respond to media, let alone create an „official“ account. + +Highly suspicious and not even once Mods considered asking the sub. + +I want to know who is responsible for creating this account. + +Here's the recent comment from u/half_dane that this is true. + +[https://www.reddit.com/r/Superstonk/comments/tqr4ax/wtf\_is\_this/i2j9wy7/?context=3](https://www.reddit.com/r/Superstonk/comments/tqr4ax/wtf_is_this/i2j9wy7/?context=3) + +edit: put in the link + +edit2: since some of y'all declared this as FUD. I posted the comment from mods. +I've seen a lot of posts recently in relation to March 17th. I understand that there is some significance and relation to the day based on RC's prior tweets about his dad and there surely could be some correlation to MOASS being on March 17th. Out of respect for Ryan and his family, who he seems to be private about, can we please avoid using them unless directly referring to the tweet he posted it in? Especially of his late father. Let's show some respect and courtesy for Gamestop's Chairman, it's the least we can do. + +Edit:the title is supposed to say "father," I can't spell. +Edit:~~unpopular~~ opinion +This is a lot of money to me. + +I was trying to put about 250 ETH into the recent TokenCard (TKN) ICO, and was getting anxious and frustrated because the site wasn't loading, or would only load partially so I couldn't get to the contract address. I looked in the TokenCard slack and saw that there was a pinned message with a supposed 'contract address' in it by someone who had the same name and picture as one of the mods. Operating on the assumption that only mods could pin messages and that that user was, in fact, a mod (really DUMB assumption on my part, and I paid for it, but I am also new to slack) I used the address that they provided to send my ether. + +It was 30 seconds later, when the tokencard website loaded and I saw a distinctly different address, that I started to get tunnel vision. In the next minute I was hit with a wave of extreme dread and anxiety, and I found myself covered in sweat, stumbling to the bathroom, unable to feel my arms or legs, vision fading, with an overwhelming sense of nausea. I made it to the bathroom, dry heaved into the toilet a couple of times, and then collapsed on the floor of the stall. After 15 or 20 minutes I settled down enough to physically function, but there was no way I was going to spend the rest of the day writing software. So now I'm at home sulking. No idea how I'm going to go to work tomorrow and act like everything is normal. + +Maybe if I had gotten more sleep this wouldn't have happened. To be honest, I'm going on about 3 hours sleep. I was up all night reading the TokenCard whitepaper and moving funds around so that they would be accessible for the ICO. But what's done is done. + +To the person who scammed me, if you're reading this: Good scam. What you did today wasn't some groundbreaking stroke of genius, but it was clever enough to net you 254 ETH. That's a lot of money to me- about half my annual salary- and I would really appreciate it if you were to give some or all of it back. But I understand that's probably not going to happen. + +Moral of the story is, I'm an idiot. Don't be like me. + +If ya'll have any ideas on how I can recover any of the 254 ETH I lost, I'm all ears. I also don't except to be able to do that. I know how the blockchain works. I know that all transactions are final and cryptographically secure. + +Transaction address: https://etherscan.io/tx/0x477cd3587d062e0ec123578d6518304a5fa3babdddc48dab8c6808d3a6a2518b + +EDIT: On the plus side I had to do some banking today after work so I stopped at my credit union on the way home. The guy behind me in line asked me how I was doing and I said "Not well, to be honest. I just lost $20,000". He was intrigued and we got to talking about cryptocurrency. He just happened to know all about Bitcoin, Ethereum, and other cryptoassets. Turns out he used to trade stocks for a living. He gave me his number and pointed me towards a local cryptocurrency meetup that I didn't even know existed. Always good to make a new friend, even if it costs $20,000! +At least once a week since January, my boss has chirped me for holding GME. "Reddit investors are dumb", "this is just a bubble", "you're going to lose you money". Blah Blah Blah. I've heard it all. Even with the respectable increase today and me trying to explain the DD, I was shut down. Laughed at. Every conversation ends with a sales pitch on why I should be buying commodities, and how I'm putting my faith in a bunch of random, inexperienced redditors. I hold, because I want to prove him wrong. + +Every day, I read stories about how the MOASS will change peoples lives. I want to help be a part of that change. We got this, Apes! +Perhaps the biggest narrative on CNBC in the past few months has that the markets wanted divided government. This has been supported by nearly every anchor. This didn't happen and the market is booming. Be wary of what you hear in the financial news. + +-- + + +I'm not saying I know for certain why the market is going up today. I'm saying that CNBC was so sure it would go down on a democratic sweep and that's clearly not happening. Be careful about agendas in financial news, especially CNBC. It's all just confirmation bias day after day. (Not saying it doesn't have entertainment value; just be careful.) +"Microsoft said the closing of its physical locations will “result in a pre-tax charge of approximately $450 million, or $0.05 per share,” which it will record in the current quarter that ends June 30." + +https://www.cnbc.com/2020/06/26/microsoft-to-close-retail-stores.html +So my partner has been talking for many months about this couple that she's in a business partnership with that's going to make her FIRE within like 3 years. The story of how they met is the typical FIRE couple MLM scam story: This guy came into her work (retail) and started up a conversation with her. When the topic got to what he does for a living he said, "well, it's hard to explain, but basically I retired like two years ago (he claims to be 30) after meeting a couple who retired in their late 20's who mentored me." Then, he suggests that she can too and frames it in the way of, "would you like to work here for another 30 years or retire in the next 3?" She meets with him again, and he lets her borrow a book (The Go-Giver), which of course means that to return it she has to meet with him again. She does and eventually she ends up meeting the "mentor" couple and they explain how to retire early, "**by generating revenue on the back end of online distribution."** (this is important as it's always repeated but never clarified). + +The whole while that she's telling me about this, she's also telling me it's about changing the way you think about success, and creating the value that you want to see in the world. Whenever I ask her anything about the business structure or how income is gained in any way, she repeats that that's the wrong thing to focus on and it's all about doing whatever it takes to create the lifestyle that serves her purpose in life. Besides, there's so much you need to know about business and wealth creation that it wouldn't make any sense anyways. I ask her if she has paid any money for anything and she insists that she hasn't. + +I should mention that she started working a second job (overall working like 60 hours a week) in the middle of this and became very frugal because she, "needs to be incredibly focused creating the future she wants." + +So this whole time she's also subtly encouraging me to meet this couple and go along with her on this journey. I should mention that she hasn't tried to recruit me and I know she's not out there recruiting other people. She also hasn't asked me to buy anything and isn't selling any products to anyone. She insists that this is a real methodology for creating wealth and she's met plenty of other people who are FIRE because of this thing. Again, I should mention that anytime I ask about how income is generated I'm told that it works, "**by generating revenue on the back end of online distribution."** When asked to clarify that, I get told that I'm not in the right mindset and it'd be over my head anyways. + +This whole time I'm extremely suspicious and skeptical of this whole thing, but she's totally convinced that it's real. + +Anyways, eventually a meeting is set up between the guy in the couple and I at a Starbucks. He gives me his whole story about how he graduated from UC Davis and was a few months away from starting medical school when he met this couple who retired before they were 30. He dropped everything he was doing, ditched going to medical school to be mentored by these people and now he's been retired for 2 years (at age 30). He says he can teach me how to do what my partner is doing but it requires me to be patient and have an open-mind. He frames it in the sense that there has to be a vetting process with me and I have to prove that I'm willing to relearn how to think about wealth and success in order to proceed. Once again, whenever I ask anything about how specifically I'm going to make money, he responds with the same line of, "**by generating revenue on the back end of online distribution."** Again, all 100% from the MLM scam script. He also asks me out of nowhere about pyramid schemes and then goes on to defend them and the MLM pyramid structure even though I didn't say a word about either of those things. + +I walk away from the meeting feeling terrible, and when I tell her about my feelings about the meeting, she comes back with, "there's so much you don't understand about this and he is the one who can explain things, so ask him." So I have another phone call with him and just hear more BS and misdirection whenever I ask about how to actually make money. One big tell was when I asked him to give me an example of how some dollar amount goes into my bank account and he said that it, "wouldn't make sense even if I explained it. You haven't run a successful business or have a formal business education so you wouldn't even know the first thing about it." I tell him that the whole thing makes no sense and that I can't continue taking a strangers word on blind faith, so I'm done. I tell her and she gets extremely upset saying that my lack of trust in him is a lack of trust in her and that we don't have the same values in regards to this thing. She accuses me of not being patient and open-minded like she thought, so we can't continue with the relationship. I confronted her with how this whole things follows directly the MLM scam script, and she got extremely angry about how I "believe internet blogs over her," and now she refuses to talk or listen to me. I'm feeling pretty emotionally devastated at the moment; just two days ago our relationship was totally great. + +So my question to this sub is, has anyone ever heard of a scam like this that doesn't rely on recruiting/buying anything until someone is already deep in the process? Obviously the whole things just screams MLM scam, but she says they haven't asked her to buy anything or recruit anyone, even after many months in the process. My fear is that they're encouraging her to work super hard and save a ton of money so that after a while they'll say she's "ready" and she can buy into the "business" with some huge lump of cash. Does that sound like a familiar scam to anyone here? Or is there any chance that it isn't a scam and I'm just crazy? I guess I'm just looking for more clarification on how this might work. I plan on contacting her friends and family about this so that hopefully we can help to undo the brainwashing to some extent and get her back to reality. + +TL;DR My partner is deep into what seems to me a long term scam from a FIRE couple, but I'm not sure how it works as after several months she claims she hasn't been asked to buy anything or recruit anyone. + +UPDATE: The support I got from this thread was extremely helpful, thanks to everyone. I got in contact with her sister who knew she was involved in some sort of business, but hadn't been told anything about it. My partner gave her some samples and she discovered that it is indeed Amway after all. On one hand, it's a relief to know what we're up against, on the other hand it feels miserable to be anywhere near this company, let alone to have lost someone to it. I have had 0 contact with my partner this whole month, until this Monday the 29th when she sent me a threatening text telling me not to contact her family and that she would sue me for slander and file a restraining order against me. Obviously there is no legal basis for this so I'm not scared of that, but it does go to show how fervently and seriously she is brainwashed. Luckily I am in contact with her sister who seems to understand the seriousness of the situation and is planning to get other members of her family involved in extracting her from this. I'm not sure our relationship can or should be saved, but as long as she's involved in this then there is for sure no hope and she will definitely lead herself into total ruin. I'll update this again if there is anything more to say. +Wanted to keep shares distributed around for the sake of diversity and, being in Europe, figured our brokers should at least be somewhat protected. Don't generally like putting all my eggs in one basket but, really, FUCK THIS SHIT. + +SI numbers being fudged, the global staring contest about who will.blink first, this crash has been just around the corner for nearly a year now. + +You all gotta stop thinking that or dividend is days away and DRS is risky. I've Been thinking that for months now and have been wrong every day so far. Let's be honest, digital marketplace almost certainly won't accompany a dividend right away anyway. + +DRSBOT is about to get a second wind surge I think +Today I nearly fell for quite a clever gumtree scam which I’m sure has fooled many people and want to raise awareness so others can avoid it. I consider myself quite diligent and “scam-proof” but this one very nearly got me which is worrying for those who may not have such an eye for scams. + +Essentially, I listed an item for £300 on gumtree. Very quickly I get a reply via WhatsApp asking me about the item, I provide a description of the condition etc and they say they would like to buy it. The WhatsApp profile had a picture of a women in her 40s and nothing really looked suspicious so I played along. She then asked if Gumtree do deliveries, which I replied they do not to which she posted a screenshot of the Parcel2Go partnership with gumtree and that she will arrange through here. She then sends me a link which looked something like the below: + +gumtree-uk.24pays-onlain.xyz/cash307855 + +She also sent me a screenshot which said that she had payed for the item and is awaiting confirmation. When I click on the link, it says “Receive Funds” and then asks to put your bank details in. I must say the link had my actual advert with the exact pictures of my item, my name and price etc it looked very similar to my gumtree ad. Fortunately, I realised that the link was not original and quickly told her where to stick it. Another red flag for me was the lack of negotiating in the price, without even coming to see it. + +I hope that this story helps someone to become more aware and vigilant when it comes to gumtree scams. They seem way too common. Stick to face to face transactions and cash only or bank transfer (not PayPal). +Here are some stocks and what growth the market expects until 2030 according to todays price for a 10% return: + +INTC. + +Revenue growth: 8%. + +Net income margin: 25%. + +Tax rate: 21%. + +2030 P/E multiple: 15.0X. + +2030 P/S multiple: 3.0X. + +2030 Market Cap: $468,000 MM. + + +PLTR + +Revenue growth: 28%. + +Net income margin: 30%. + +Share dilution: 3%. + +Tax rate: 21%. + +2030 P/E multiple: 25.0X. + +2030 P/S multiple: 5.9X. + +2030 Market Cap: $90,000 MM. + + +META (FB) + +Revenue growth: 11%. + +Net income margin: 30%. + +Tax rate: 21%. + +2030 P/E multiple: 20.0X. + +2030 P/S multiple: 4.7X. + +2030 Market Cap: $1,373,000 MM. + + +PARA (VIAC) + +Revenue growth: 10%. + +Net income margin: 12%. + +Share dilution: 1%. + +Tax rate: 21%. + +2030 P/E multiple: 10.0X. + +2030 P/S multiple: 0.9X. + +2030 Market Cap: $64,000 MM. + + +LMT + +Revenue growth: 13%. + +Net income margin: 10%. + +Tax rate: 21%. + +2030 P/E multiple: 18.0X. + +2030 P/S multiple: 1.4X. + +2030 Market Cap: $286,000 MM. + + +TSLA + +Revenue growth: 34%. + +Net income margin: 15%. + +Share dilution: 1%. + +Tax rate: 21%. + +2030 P/E multiple: 30.0X. + +2030 P/S multiple: 3.6X. + +2030 Market Cap: $2,665,000 MM. + + +According to the previous expectations, which stock or stocks do you prefer? + +Personally i’m invested in 4 of these companies and i’m selling cash secured puts on 2 of them as i see an appealing value/growth prospect. +I called TD Ameritrade to vote my shares for the upcoming proxy vote since I was unable to do it online under the shareholder library [screencap](https://i.imgur.com/e1p1vD3.png) + +A nice man named Josh told me since it's not showing up on my account, I would just need my control# which he was able to provide and directed me to (www.proxyvote.com) to vote my shares. + +I hope this is helpful to anyone who wants to (and should) vote their shares for the upcoming proxy vote. + +Update: [I voted!](https://i.imgur.com/ER83v36.png) + +Re-Edit: There are 2 websites for the vote. One from the broker (https://www.proxydocs.com/branding/962080/edocs/2021/brokers/) which takes you to proxyvote.com and another from the issuer/Gamestop (https://www.proxydocs.com/branding/962080/edocs/2021/issuer/) which takes you to https://www.proxypush.com/evote/GME/login. + +Either will work. + +Edit: Some brokers may not have the control#'s available yet. Please don't harass broker employees who are just trying to help. + +Edit: Adding proxyvote.com phone# 1-800-454-8683 + +[TO THOSE QUESTIONING THE CREDIBILITY OF THE VOTING SITES](https://www.reddit.com/r/Superstonk/comments/mwxsl5/proxyvotecom_how_to_vote_your_shares_if_your/gvm6t0s/) thanks to /u/tetrine +This may not be the right place to ask this question but it's frustrating to have to wait for a trade or bank deposit to clear. So why with the technology we have today are we still relying on human beings? + +Edit: wow this blew up, thanks for all your responses!!! I was just venting because it seemed stupid to have banks or markets close the same time you get off work +So we know Goldman Sachs is planning a cryptocurrency trading desk: https://www.bloomberg.com/news/articles/2017-12-21/goldman-is-said-to-be-building-a-cryptocurrency-trading-desk + +Now something interesting I've also noticed, is that The Ocean X, powered by 0x, has an interesting team: https://theoceanx.com/team/ + +If you look at the 3rd person, John Piotrowski, and check his LinkedIn page, you'll notice he is currently Vice President at Goldman Sachs, Finance Division, Capital Analysis: https://www.linkedin.com/in/johnpiotrowskiuva/ + +It also shows him doing "Business Development" for The Ocean X for the past couple of months. Yeah sure, going from Vice President at Goldman Sachs to Biz Dev guy for some startup while maintaining current status for both positions sounds like a totally natural career move. /s + +The Bloomberg article says Goldman is "assembling a team in New York". The Ocean X now looking for a "Community Director" in New York, NY? - https://www.linkedin.com/jobs/view/community-director-for-blockchain-startup-at-the-ocean-x-580841512/ + +I wonder who else in the 0x ecosystem has ties to Goldman Sachs? Oh right, the co-founder of Coinbase, Fred Ehrsam, who now advises for 0x, was previously with Goldman Sachs: https://0xproject.com/about + +We know Goldman Sachs owns the SETLCoin patent, maybe they want to use 0x to connect SETL to other assets? - https://www.zerohedge.com/news/2017-07-17/goldman-wins-patent-setlcoin-technology + +Another thing, on TheOceanX.com homepage, they say "Our mission is to build the world’s largest, deepest, and best supported token liquidity pool." Key words being "liquidity pool". Goldman Sachs' liquidity pools are called "Sigma X". - http://www.goldmansachs.com/what-we-do/securities/gset/equities/liquidity-access/ Any coincidence The 0cean recently rebranded to The Ocean X? - https://medium.com/@theoceanx/we-changed-our-name-slightly-4cd72bf4d386 + +Funny sidenote, their Sigma X platform executes orders using an NBBO they nick-named "Ocean". +No I’m not talking about a strategy. I’m talking about a mindset. I recently read about how imagine you’re day trading options, in my case 0dte SPX. You can make $100-$1000 or more in a matter of minutes on a good set up and yet sometimes we still don’t take profits. + +You just made more in a few minutes than what many/most people make in a whole DAY or even a whole WEEK grinding 8-10 hours at work. $100/$15 is 6.6 hours of work. Median US income was 70k in 2021. That’s $34 an hour. At $100, you made about 3 hours of work in just minutes. Now imagine if you made $1000. + +It’s basically like someone giving you a stack of Benjamin’s in a few minutes and you turning it down. + +That concept hit me hard. I’ve gotten into trades where I’m up like $600 in about 4 minutes or $2000 in about 15 minutes and yet I couldn’t take profit and lost it all. Like I basically just threw away someone’s entire week or month’s of salary ($15/hr x 160 hrs/ month = $2400) that was given to me in under 20 minutes. + + +**TLDR: The gamma spike is BAAAACCCKKKK!!!!!! Today we blew past the delta neutral AND the gamma maximum point. I'll be honest that I don't think I've ever seen that before!** + +**Although I can't predict the future, I can use the gamma spikes to tell us if the gamma squeeze is continuing, or if we've peaked/another type of squeeze will be taking over.** + +[I made a post yesterday giving a boring update that the Delta Neutral was $164 and the Gamma Maximum was $190](https://www.reddit.com/r/Superstonk/comments/paatj3/dn_update_164_floor_or_ceiling/?utm_medium=android_app&utm_source=share) + +First, I'll show in a log-based 10 scale so you can see these beautiful, glorious gamma spikes in all their glory. For anyone new, I'll add definitions/context later on. + +&#x200B; + +[ GME 1\/4\/2021 - 8\/24\/2021 Log based 10 ](https://preview.redd.it/vw0xy6du8fj71.png?width=910&format=png&auto=webp&s=3933e32cffa9140c2c3c23a268bb84a89881a946) + + Now here's a close up view: + +&#x200B; + +[ GME 1\/4\/2021 - 8\/24\/2021 ](https://preview.redd.it/fgddnyjw8fj71.png?width=910&format=png&auto=webp&s=c54db83654ac97a1529dca5d2cb6eb364d6dd87d) + + + +ok, so a few very important points to make about the Gamma Neutral spikes: + +* They are generally reactive, and not very predictive. They indicate an imbalance in the options market. +* They CAN be used to help judge what's happening in a gamma squeeze. +* For example, the January/March squeeze has spikes every day that were generally INCREASING. +* However, the June spikes were kind of one-hit-wonders, and probably not truly a gamma squeeze all the way up to $300. +* As far as I can tell, the height of the spikes don't determine the height of a gamma squeeze. I only like to look for spikes that are relatively increasing compared to prior days. + +For educational purposes, I'll show you the A&M&C log-based 10 chart, which I think has important lessons from their May/June squeeze: + +&#x200B; + +[ A&M&C 1\/4\/2021 - 8\/24\/2021 - Log based 10 view ](https://preview.redd.it/efk9yn1z8fj71.png?width=910&format=png&auto=webp&s=30571e4409b64238803f7261bde0a9134f29a307) + + + +* As you can see, the A&M&C squeeze started in late May, and their gamma spikes were continuous and generally increased through their big run +* When the gamma spike stopped near the top, it was generally a sign that the squeeze was over. +* Similar things happened with the GME January surge and the A&M&C surge. + +*Important caveat - this is just for gamma squeezes. This is not for short-squeezes or FTD squeezes. Other squeezes could take over, but this post is just to monitor the potential gamma squeeze.* + +What does this mean for the future? It's hard to say. I think tomorrow will be very telling if this was a one-hit-wonder, or if we're in a true gamma squeeze (continue to increase dramatically). + +This is exciting stuff, and I will continue to monitor closely!!! + +Now some copy/paste for anyone new to my posts, and who need a bit of context. + +**Recap** + +Here's a quick recap of my recent posts: + +[On 7/13, I called out that we were about to hit the DN, and it will probably mean we'll bounce off it, like we have in the past.](https://www.reddit.com/r/Superstonk/comments/ojevhv/knock_knock_knockin_on_delta_neutrals_door/) + +[But we didn't bounce off it, instead we sunk underneath it for the first time since February. I gave an overview of life under the DN.](https://www.reddit.com/r/Superstonk/comments/ok4chd/special_edition_down_under_the_delta_neutral/) + +[On 7/20, it looked like we would blow past the DN, and I warned that sometimes stocks bounce off it like a ceiling a couple times before going over.](https://www.reddit.com/r/Superstonk/comments/oo5c7t/delta_neutral_update_coming_up_for_air/) + +[Then we blew past the DN, and was hopeful we escaped the DN and wouldn't bounce around it for awhile.](https://www.reddit.com/r/Superstonk/comments/ooc25b/delta_neutral_update_blowing_past_the_dn/) + +[I was wrong again, it sunk back down, and started bouncing around underneath the DN for awhile](https://www.reddit.com/r/Superstonk/comments/otdc8g/update_bouncing_beneath_the_dn/) + +[I was dreading posting the bearish pattern GME was showing while bouncing under the DN, but figured it wasn't ethical to only post when I had good things to say.](https://www.reddit.com/r/Superstonk/comments/p1twk8/dn_update_we_need_volume/) + +[I wrote another post of the influence the bearish options market was having on the underlying stock.](https://www.reddit.com/r/Superstonk/comments/p725f4/dn_update_fighting_a_bearish_options_market/) + +[Yesterday, I posted a quick update about the DN at $164 and the GM at $190](https://www.reddit.com/r/Superstonk/comments/paatj3/dn_update_164_floor_or_ceiling/) + +[Got So excited we were blowing past the DN/GM that I had to post a quick update!](https://www.reddit.com/r/Superstonk/comments/pasn91/190_maximum_gme_gamma_point/) + +**Overview** + +In general, all stock indicators boil down to two things - reversion to the mean and momentum. Every trader wants to accurately predict these two forces better than other guy, and if you use different indicators than the other guy, that an give you an 'alpha' in trading if it's a better predictor. + +I make a lot of different indicators, but the two primary ones are the Delta Neutral and Gamma Neutral/Maximum: + +* Delta Neutral (DN) - This helps identify **reversion to the mean**, and represents the underlying price that would create a total market delta of 0 across all GME options (all expiration dates) for a given date. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. + + * This is generally how I trade my model. I watch for stocks that drop below the DN, and buy them, expecting for traders to identify that the stock is underpriced and will revert back to a higher level. +* Gamma Neutral (GN) and Gamma Maximum (GM) - This helps identify **momentum. The GN** represents the underlying price that would create a total market gamma of 0 across all GME options (all expiration dates) for a given date, whereas the GM represents the underlying price that would create the maximum gamma across the market. + + * In general, a sudden increase in gamma indicates a sharp upward in momentum that continues until that gamma drops. + * The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +This is my own personal 'alpha' that I developed for my own trading purposes, and am sharing with this community because it's given me back so much. This is not financial advice. I'm just a mathematician that likes to play with options data, and I am not a professional trader. + +There's a detailed methodology and assumptions section at the bottom if you want to know more. + +***Methodology and Assumptions*** + +**Delta Neutral** + +The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +Notes below for general options on how the delta neutral interacts with the underlying price: + +* There is a large influx of call option purchases, because: + + * The call prices get less expensive as the underlying price approaches the delta neutral + * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways. +* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory. + + * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds. +* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released. + + * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral. + +**Gamma Neutral** + +The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +General notes below for observations on how this indicator behaves: + +* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April). +* It also goes crazy in periods of high volatility, as you can see by the very higher spikes. +* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month. +* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it. +* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start. +* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet). + +I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use: + +* I rely on daily options and stock summaries produced by [www.historicaloptionsdata.com](http://www.historicaloptionsdata.com/) +* For the Implied Volatility (IV), I use the following method: + + * Calculate the raw IV of the mid-point between bid/ask price at close. + * Calculate a “blend” IV, which represents the IV where the call/put parity holds, i.e. where call delta – put delta = 1, using the same IV. + * Smooth the mid-point call/put and blend IV using a gaussian smoothing algorithm with a 20-strike window. + * Apply the smoothed call/put relativities to the smoothed blended IV curve + * Fill any missing values with a linear interpolation of the neighboring strikes. +* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel) +* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price. + + * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta. + * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma. +* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma. +* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of. +* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. Using the prior day OI is currently a limitation of the data available to me. + +*Disclaimer: I'm just a mathematician that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.* +See: https://youtu.be/MLgn_kVKjCE?t=1027 + +One of the biggest obstacles to active stock picking (as opposed to indexing) seems to be with all the problems with timing the market. We tend to want to buy when others want to buy, and less when others are fearful (i.e. the worst timing). + +But this strategy seems attractive. You pick high quality companies that you think will surge over the next 20 years (Amazon, Tesla, Disney, whatever you think) and NEVER SELL. + +This takes out some of the issues with active investing where people are getting in and out of the market at all the wrong times. + +What do you think? Would this solve any of the problems with active investing? + +-- + +edit: lots of awesome comments but I think some people aren't being as charitable to the proposal as they should. Using examples of companies that rose and fall after 30 years isn't very fair to the main idea behind this proposal. Let's say buy and hold for 10 years minimum. The basic idea is that you are NOT thinking about getting in and out of the stock at the right times. Buy and hold even on the down years. +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? +If non-profit companies don't have to pay out profit to shareholders, then why aren't they able to use that money to become more competitive than those companies that do? + +I was watching football yesterday and saw the endless slew of insurance commercials and came to wonder this. I thought, how can these companies afford to pay for all this advertising, and pay out profits to the owners and yet no non-profit insurance company has come along, played one commercial saying "we're cheaper because we spend less on advertising and profit" and not ended up dominating the market simply on price? +Welcome back! If you were in pain waiting for the weekend to end, I have bad news for you. Next weekend is a long one, with markets closed this Friday. + +Also, be sure to [sign up for our paper trading competition](https://www.reddit.com/r/wallstreetbets/comments/mdz6oc/join_rwallstreetbets_third_annual_paper_trading), it's free and there's lots of prizes to be handed out! + +🙏🥑 +And I couldn’t be happier, the big factors I had to consider was the new job has more opportunity for growth in the future, but it would have added 1 - 1.5 hours to my commute each day. I had a huge fear that my current employer would treat me differently because of this situation but they haven’t at all, and I’m working 4-7 hours of over time now (which I wouldn’t have been able to at the other job because of child care limitations and the extra commute. + +Advice from this sub urged me to push for more money and because of it I’m taking home $200+ a week, and that’s huge for my family. Thanks guys. +Alrighty, could someone tell me why we still haven’t raised interest rates and it’s been at a steady 0.25% for over a year now? I get it, pandemic pandemic, but isn’t this hurting the economy on the long run considering the current situation with real estate and how this bubble we are in will simply be a dark hole for Canadian’s income over the next 20ish years. Just wanna hear someone’s take on why we haven’t raised the interest rates yet. +To supplement corporate taxation, why not a state owned stock brokerage and SWF? + +Due to the risk of outsourcing, capital flight, tax evasion and generally higher economic deadweight compared to other means of taxing the rich, CIT and capital gains taxes are not the best technique. + +But what about a Social Wealth Fund that owns 30-45% of the capital stock of the country? De facto, this would mean 30-45% of the profits of the company would go to the state because the state would own 30-45% of the shares. Risk of corruption and distorting markets would be mitigated by the indirect ownership through the SWF and owning less than 50%. This means that before taxes are even considered, a third of corporate profits would have already been socialized. If we then have a 30% CIT that means at least 50% of corporate profits would be going to the state. That is also ignoring a capital gains tax. + +This seems like the perfect way to de facto tax the rich without the risk of economic deadweight, capital flight and tax evasion. + +Would this work? Why don’t countries do this instead of or as a supplement to high corporate taxation? +&#x200B; + +https://preview.redd.it/do7n0icnj8371.jpg?width=700&format=pjpg&auto=webp&s=1f3b3c5de9dc2c0178ab93316e485b7ca4638cb5 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/3o6w2w13f8371.png?width=1300&format=png&auto=webp&s=d24ff9cdab40448e9d3c1896a38263446d44b218 + +Started in 1986, Tassal, short for Tasmanian Salmon, have grown over the years to become the largest salmon farmer in Australia. They operate three main hatcheries in Australia. Their six primary marine regions are located in the waters of Tasmania. Additionally, they own several processing facilities and a smokehouse. More recently, Tassal has branched out into the prawn farming business as well, with hatcheries and farms located in North Queensland. + +&#x200B; + +https://preview.redd.it/5pni6om3f8371.png?width=1332&format=png&auto=webp&s=f25372b6762bfc4421c1ea0e30b084b57c88ec3a + +Indeed, between the hatcheries, farming, and processing operations, Tassal has a footprint that covers the entire east coast of Australia (TAS, VIC, NSW, QLD). Not only that, but they support much of the local fishing industry through their primary feed vendors. Their group of brands are distributed across all of Australia in Coles and Woolworths grocery stores, in addition to other smaller chains. I would be surprised if most Australians did not know their name at this point. + +# The Checklist + +* Net Profit: positive last 10 years. Good ✅ +* Outstanding Shares: trending up (2 cap raises, 2017 & 2020). Bad ❌ +* Revenue, Profit, & Equity: growing steadily L10Y. Good ✅ +* Insider Ownership: 5% w/ lots of on-market buying LY. Good ✅ +* Debt / Equity: 63% w/ Current Ratio of 3.3x. Good ✅ +* ROE: 11% Avg L10Y w/ 10.3% FY20. Good ✅ +* Dividend: 3.4% Avg L10Y w/ 4.8% FY20. Good ✅ +* BPS $3.81 (1.0x P/B) w/ NTA $3.27 (1.1x P/NTA). Good ✅ +* L10Y Avg: SPS $1.81 (2.1x P/S), EPS 23.7cents (15.7x P/E). Good ✅ +* Growth: +11.2% Avg Revenue Growth L10Y w/ 0.2% FY20. Neutral ⚪ + +**Fair Value: $5.00** + +**Target Buy: $4.23** + +Overall, the company looks pretty solid. The two capital raises in 2017 and 2020 are a bit concerning, but they were relatively small and were targeted towards strategic acquisitions (fish farm and prawn farm, respectively). As such, they have not had a major dilutive effect on the earnings per share. + +# The Knife + +&#x200B; + +https://preview.redd.it/thy5bto4f8371.png?width=1846&format=png&auto=webp&s=f3de5b3c9e05cce3ae88c0a02015e6f6e24d7c2a + +TGR reached an all-time high in July of 2019. At that point they crested $5.25. Since then, they have experienced a sustained sell-off, helped in part by the sharp fall during the pandemic. TGR went as low as $2.77 at the worst point of the March 2020 crash. Owing to their struggles, they have been since cut from the S&P/ASX 200 this year. + +Those who had bought at the high, at the close of today @ $3.73 (Fri 4th June 2021), would be down nearly -30% on their investment. Though, dip buyers and those that averaged down would be seeing a resurgence now. Year to date, TGR has gained nearly 11%. Based on its performance, it might not be fair to say that TGR is a absolute dogshit. Off the 10-year chart, there is a lot more room for pain. + +&#x200B; + +[TGR Short Interest](https://preview.redd.it/jjvf1mihh8371.png?width=1400&format=png&auto=webp&s=d85ce92d2526b7879c4e58a1cc98222a1f6592e1) + +What makes Tassal interesting, with this respect to this Catching the Knife series, is that they have a massive short interest betting against them. For a time early this year, Tassal was the most shorted stock on the ASX, with 13.2% of its entire outstanding shares shorted. This has dropped to 9% with 17 days to cover, but that still makes it the 7th most shorted stock on the exchange. Something is very fishy here. **😺** + +TGR is a stock with a 2 year downtrend, and seemingly a fair bit of continued negative sentiment in the market. Epic dogshit in the making? + +# The Diagnosis + +The Short Answer: Price for TGR seems to following earnings expectations, and the pandemic saw salmon markets depressed around the world. + +The Long Answer: There seems to be a lot of factors involved; some of them founded in the fundamentals, but most seemingly based in sentiment only. + +Let’s start with the short interest. I browsed the Hotcopper forums, since I reckon they know a thing or two about shorters. **😸** Indeed, there is a 600+ post thread asking that very question! *Why would you short Tassals \*now\*?* Even the experts at HC were stumped. + +&#x200B; + +[Live Shot from HC's TGR forum](https://preview.redd.it/2qee4eweh8371.png?width=962&format=png&auto=webp&s=dc666564615f2c877f2682b4894d92b183583268) + +Jesting aside, I have to admit that some of the posters on the thread were quite good with their analysis (better than mine), and so I drew some inspiration from them in my write up today. Where they and I largely agree is that the fundamentals on Tassal are quite good. The business is very reasonably priced for it’s historical numbers, and is in pretty good shape with its leverage, and has a lot of potential for growth with recovering salmon prices and prawn business development. + +&#x200B; + +[TGR vs HUO since EOY19](https://preview.redd.it/hh3qgkn8f8371.png?width=1845&format=png&auto=webp&s=f602aca94a38ebd05b4fd92dee74d91ceb58251b) + +My own speculation is that it comes down to a comparison between Tassal and their long time Tasmanian competitor Huon. Neither business has recovered fully from the pandemic crash. Indeed, Huon has continued to slip, currently trading significantly lower than its worst lows in March 2020. Could the market be seeing Tassal's relatively flat recovery as indicating that it’s still overvalued? + +If we were to apply the sort of percentage falls since the start of 2020 that HUO has experienced, TGR would be closer to its pricing in 2011-2013. In that way, I could certainly see a case being made for TGR’s downtrend to continue as its share price reverts to the industry mean. + +The narrative for their continued fall is further brought home when you consider their exposure to the Chinese export market. Back in 2017, TGR partnered up with a Chinese distribution business HNA and have continued to airfreight stock there and to other markets like Japan in the last few years. + +# The Outlook + +The problem with all of this analysis is that Tassal’s outlook is actually pretty good. Salmon prices have been recovering since the start of 2021. Despite the dip in 2020, the average price for Salmon in FY21, as listed on the International Salmon Exchange (Fish Pool), is not even that low. If prices stay at these recent levels for the remaining weeks, the average will fit well within the levels since 2016. + +&#x200B; + +[International Salmon Market FY12-FY21, Fish Pool](https://preview.redd.it/ojri40r9f8371.png?width=1615&format=png&auto=webp&s=d942fc73e551066a0d80b536b19a8a6a50f9353c) + +And what about the export market? Many stock market experts that have talked about TGR recently and point to TGR's risk in the Chinese market. China themselves have indicated they are starting to cut off the Australian product from their imports. Those experts seem to indicate that TGR is likely to see a massive loss in revenue and earnings as a result. + +&#x200B; + +[Their loss, really.](https://preview.redd.it/wpavj6haf8371.png?width=1000&format=png&auto=webp&s=4e3fc3f206b444094653c97044fb52c548786f4a) + +It is true that TGR gets roughly 16% of it’s revenue from export sales. The portion from China is likely at least half of that. But at the end of the day, Tassal's exposure is likely only 10% at the most. Furthermore, when you consider earnings, the impact is much more muted. Export sales incur higher cost ratios due the cost of airfreight. Therefore the export contribution ultimately to the bottom line is much smaller in comparison to the revenues generated domestically. + +So TGR’s exposure on earnings for the Chinese market is likely the lesser portion of 5%. This is hardly significant enough of a downturn in earnings to think that TGR will fall down to 2012 levels at $1.5 per share (-60% from current), a time when they had half the revenue and earnings. Tassal themselves refer in their reports to the export market as more of a means to offload excess production, rather than a primary source of earnings. And there is nothing to say that they couldn't offload some of that production into countries besides China. + +&#x200B; + +[fao.org](https://preview.redd.it/7wmcex9bf8371.png?width=1800&format=png&auto=webp&s=028483cc856ae45f238665f01fa545f95edf97e7) + +More importantly, Tassal’s long term position in the industry can only be stated as very positive. Since the 1980s, fishing has levelled off. This is in part due to constraints on catch volumes, set up for the long-term sustainability of those ecosystems. The demand for fish on the other hand has continued to go up. The difference thus far has been filled almost completely with aquaculture production. + +&#x200B; + +[agriculture.gov.au\/abares\/](https://preview.redd.it/fmz1gcacf8371.png?width=1119&format=png&auto=webp&s=c95471e125dca1d4378ee36890e0bfd3b83031cc) + +The Australian Bureau of Agricultural & Resource Economics (ABARES) has estimated that the Salmon farming business in Australia will grow to be worth over 1billion in the next couple of years, or about +10% per year until FY22. Furthermore, while the prawn business might shrink in the long term, it is presently worth about 300-400million. This is an area that Tassal has only just started to expand into, and so represents almost pure upside for them currently. + +# The Verdict + +I think that the shorts have looked at this all wrong. If they were getting their evaluation from the comparative price between TGR and HUO, they failed to account for the fact that Huon has been priced well beyond what might be considered reasonable. Its valuation multiples have been double if not quadruple that of TGR. Despite only having half as much revenue and at a lower operating margin, Huon were somehow trading at almost the same market cap. On top of that, Huon were much more exposed to the export market. If anything, HUO has been reverting to the industry mean. + +I agree with one of the major posters on HC, I’d have shorted HUO and went long TGR. + +[One of Tassal's Salmon Farms](https://preview.redd.it/u5eriejgf8371.jpg?width=1920&format=pjpg&auto=webp&s=c421ecd247cf39715d2424085dde2c20fd97e966) + +The main problem long term I see with TGR, is that they have pretty terrible sentiment amongst some of the more environmentally conscious. In 2016, ABC had a 4 Corners episode ripping into the dangers of salmon farming. Ironically enough, in the same special Huon's owner was interviewed and featured glowingly (makes you think, huh). + +&#x200B; + +[Alaskan Salmon Troller, photo KTOO.org](https://preview.redd.it/jyo9a4xah8371.jpg?width=1016&format=pjpg&auto=webp&s=b006516849fb438e68be157bf3e0b0a99d9fc63a) + +The thing is, I would think that those same environmentalists would appreciate that salmon farming provides some relief in an industry that would otherwise be troller fishing for wild salmon in the oceans. I understand there are some difficulties associated with farming, but surely in the grand scheme of things, overfishing the oceans is much worse than sustainably farming them? + +&#x200B; + +[- Mark Ryan \(CEO of Tassal\) probably...](https://preview.redd.it/mamcvxuif8371.png?width=1127&format=png&auto=webp&s=b1694021a89c96c8f9d3372e6991a19cc256e430) + +Maybe the industry in general just needs to work a bit more on the PR for farming vs wild catch. Though, this is probably a bit rich of me to say. TGR have had several certifications and awards for sustainability and responsible sourcing by environmental organizations. They even have a big portion of their website devoted to highlighting all of this (dashboard.tassalgroup.com.au). So, who knows? 🤷‍♂️ Though, it would be remiss for me not to mention this sentiment as a likely reason that TGR struggles a bit on valuation, and perhaps also why it has historically traded at a relatively low multiple vs Huon. + +# The Target + +Whatever your opinion, if we are going to catch this knife, it’s time to figure out a good entry point. As it is right now, I think Tassal is being sold at a bit of a deal. The historical numbers that I used at the start of this analysis were already adjusted for the current outstanding shares. So the price points are more or less on the mark for averages and I think that's probably a fair way to evaluate a cyclical stock. + +The trick with a cyclical stock is that they generally trade in waves over long periods of time. It’s important to pick the entry point near the bottom of one of the waves. Indeed, looking at the last 5-6 years worth of trading, one might get a very definite since of a general uptrend in the stock trading to higher highs and higher lows. The waves in the stock likely following the general sentiment of salmon prices on a yearly cycle, as there would seem to be definite yearly cycle to the international salmon market (probably correlating with harvesting periods) + +&#x200B; + +[TGR SP trends since 2014](https://preview.redd.it/1a163b3cg8371.png?width=1845&format=png&auto=webp&s=23bb3233a3598be632322b5ad22f152eb6fb6940) + +With this in mind, I think an argument can be made that the downtrend forming off the 2019 high was not the start of a long-term fall, but rather accumulating to rebound to another high. However, March 2020 happened, and that totally threw a wrench into the cycle, and later depressed the overall market for salmon. + +What this chart might tell us in a very basic sense is that there is a fair bit of support in the low $3 range. This level makes sense in context of the book price. Currently the net tangible assets of TGR are around $3.27 per share. Coincidentally, there is a long term support at this price too, which may have helped on a psychological level for the market too. + +However, there is no need to use technical analysis for this stock. I think a consumer staple stock like this would trade largely based on it's fundamentals. We can pull some more fundamental figures to the fore to evaluate them, and using the 1H21 to estimate the upcoming yearly results as well. + +&#x200B; + +[\*FY21 estimated using 2x 1H21 figures](https://preview.redd.it/lbdcyxffg8371.png?width=714&format=png&auto=webp&s=c81fcf797961d8aceeeac9abe4bac43b11f03954) + +Given the overall movements in the market internationally, the estimate for FY21 is likely being very conservative. The first half was much lower pricing internationally, but that has recovered, so we'd likely see improved figures from similar volumes of sales. We could further hedge our estimates by discounting the revenue and earnings by removing the exports revenue entirely (in case things go even more pear shaped with China). Export revenue in 1H21 was $61m. Funnily enough, net earnings from exports was -1m (airfreight costs were 500% higher than last year). So really, cutting exports 100% would only affect the revenue levels and not the earnings when looking at 1H21. That would give an estimated rev of $462m for FY21. + +With these hedging discounts in mind (and using net tangible book to boot) we arrive at the following figures: + +* SPS - $2.18 +* EPS – 26cents +* NTA – $3.27 +* DPS – 11cents + +This provides for the following fair and target prices: + +**Fair Price (FY21) - $4.76** + +**Target Price (FY21) - $4.12** + +Really, anything with a $3 in front of it seems like a pretty good deal to me. Obviously, one would prefer to catch closer to the bottom at $3.20, but TGR has had a good run since those lows. It’s perhaps beginning to show a bit more strength and it would be reasonable to think that TGR is eventually going to resume the long-term uptrend channel from 2014-2019. + +# The TL;DR + +Hailing from Tasmania, Tassal has grown to become the largest Australian salmon farmer with a presence throughout much of country. I think it’s perhaps a bit harsh to call them dogshit at this stage, but there are certainly some interesting things happening with the share. They’ve fallen 30% from their highs in 2019, got kicked off the ASX200 index, and were for a time this year the most heavily shorted stock on the exchange. + +Despite all this, I think a confluence of mostly market sentiment has contributed to their fall. This doesn’t appear to be backed up by their fundamental health as a business, nor does it seem to be indicative of a problematic outlook. Whatever the reason, I think TGR is a solid consumer staple stock that has a lot more potential for growth in the future. And as of yet, it is trading well under what I consider a fair value. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on TGR and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): NXL, IFL, RFG, TPG, RBL, CGF, URW, IPL, SXL, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +7. [The Company Formerly Known as an Insurance Co (AMP)](https://www.reddit.com/r/ASX_Bets/comments/nmvp0v/catching_the_knife_the_company_formerly_known_as/) +We tried being nice. + +The daily thread has had a warning about the survey posts. The joke is done. The joke is old. The joke has bolted the stable, done rounds, fell into a ditch on fire. + +Any more survey posts will lead to a ban worse than the 1 day ban we have been implementing thus far. + +The mods now reserve the right to do whatever the fuck we want until the survey posts stop. The options include but is not limited to: + +-Bans of exponential length. Starting from this moment. The first poster will get a 1 day ban, the second a 2 day ban. The 3rd, a 4 day ban. I know you all still count with your fingers, but the numbers get big. + +-Flairs of any chosen length. Including short single character ones. Which is enough to remind the mods(in particular the main flairer) not to give you a decent one when the idea arises. View it as the dullest mark of shame ever. + +-Whatever the fuck we want. Including randomly chosen ban lengths based on the mood, hunger, which point in our cycles we are at and whether our wives are sharing pics of their date nights. + + +Just stop. +A co-founder of a successfull tech company. Sold quarter of my ownership to investors in a secondary transaction and quit my employment, still most of my wealth tied to that company. Net worth currently at 7M. Decided I had spent enough time working there. If everything goes well my NW will be around 20M-50M in a few years if the company IPOs successfully. + +I'm happy to start my fatFIRE career with a pile of cash of around 5M, but for some reason I still think everybody else is happier and making more. + +How much do you need to feel wealthy and why? +https://www.marketwatch.com/story/millions-of-credit-card-customers-cant-pay-their-bills-and-lenders-are-bracing-for-the-impact-2020-04-25 + +Millions of Americans are skipping their credit-card payments as the coronavirus pandemic puts them out of work. Banks and other lenders that for years relied on heavy consumer spending to create big profits are preparing to struggle alongside their customers. + +As the economy spirals, credit-card payments are one of the first places where the effects will show up. They are often the first loans people stop paying when money is tight. They are usually unsecured, which means lenders have little recourse if a borrower stops paying. +Obligatory: external things don’t cause happiness of course but… + +What are some purchases that have improved your happiness. Very open ended question but some examples I thought of are: + +- Purchasing & learning a musical instrument +- Signing kids up for select sports +- Getting a dog +- Hot tub +- greenhouse/garden +- big house, custom house, second house +- etc… +EDIT: Just noticed that [Financial Samurai](https://www.financialsamurai.com/best-occupations-to-make-lots-of-money-and-retire-earlier/) posted about this thread! Thank you so much :) + +EDIT: THANK YOU!!! This is officially the most upvoted post on fatFIRE :) + +\*This guide is written for newer members and aspiring fatFIRE folks. Hope you find it interesting. Let me know if you have any insight on the topic. + +***\*Feel free to leave a comment about a career or important points I didn't mention and I will add it to the list!*** + +The best way to view high-paying careers is to understand the balance between **probability** and **income potential**. + +Sure, if you start the next Google or become the CEO of Goldman Sachs, you’re going to be making a ton of money. + +But, becoming an extremely successful entrepreneur or CEO is a much less linear path than becoming a physician, for example. + +So, a rating of careers with a reasonable balance of probability and income potential will likely be your best bet. + +\*Please note, first: these are all the highest-paying careers. So, the careers in the low-income category may still earn a very high income. Second: each career is in order of risk and income potential. Third, this is just a selection. Please offer additional ideas in the comments. + +**High Probability / Lower Income Potential** + +*-Physician* + +Assuming the current state of healthcare isn’t altered drastically, medicine (and healthcare in general, especially dentistry) is one of the highest-probability paths to an upper-level income. Physician salary ranges from $200–800k. Primary care physicians earn around $200–250k. Specialists earn a median in the 300s and surgeons often earn half a million or so. Of course, long hours, lawsuits, bureaucracy, lots of student debt, starting your career late, high stress, future governmental uncertainty etc. are major downsides, making it a bad career to choose purely for the income. Also note, the top-earning physicians earn far more, especially if they are in a lucrative surgical sub-specialty and/or have related business ventures. (Credit to r/[RyeSoSeri0us](https://www.reddit.com/user/RyeSoSeri0us/)) "It's not uncommon to see orthopedic surgeons, neurosurgeons, cardiothoracic, pediatric, plastic, and MOHS surgeons earning \~$1.5m per year. These salaries don't take into consideration of ownership stakes in outpatient surgery centers, or outpatient imaging centers. I know guys making an extra $150k / yr of mailbox money from their surgery center shares." However, as discussed by a cardiothoracic surgeon & neurosurgeon in the comments below, it's a bad choice if you aren't called to the job itself. Another potential fatFIRE path in healthcare besides medicine/dentistry is becoming a CRNA. Average pay is \~$160k but can be much higher in independent practice in rural areas (well into the 200s+). Generally will take 2-3+ years out of nursing undergrad. + +\*LCOL friendly + +*-Big Tech Employee* + +FAANG (Facebook, Amazon, Apple, Netflix, Google), Microsoft, Salesforce, Linkedin, Oracle, Paypal, Ebay, Adobe, etc. are some of the largest tech companies. Total median compensation at the top 20-30 is about \~$200k. If you get promoted and have lots of experience, you can earn $300–500k+. Even fresh engineers/product managers etc. at Google earn high 100s. If you can become an employee at a FAANG company, especially in engineering, product management, strategy, data science, sales, UX (as u/lippstuh mentioned) etc. it’s a solid path towards upper-income. And you can get in straight out of college. The main thing to consider is COL (cost of living), which is very high in FAANG companies. So, your actual compensation might be a bit deceiving ($200k Google engineer in SV might be equivalent to $100k in a LCOL) . Finally, these are the top tech companies, so if you aren’t highly skilled, it may not be a feasible option. Also, in the long run, engineering tends to flatline vs more standard business roles (finance, biz dev, marketing, etc.) which tend to have more opportunities and less competition. Thanks to u/snarkpowered for the insider insights! Also, very high total comp is often deceiving and a majority is often composed of stock. Finally, this may not be a good overall representation of higher income earners because reddit definitely skews engineering-heavy. + +\*Not LCOL friendly + +\-*Various Executives (F500/Mid-Market/Non-Profit)* + +Becoming an executive - whether it be at a F500 or a growing mid-market company, or a hospital or university, or even a museum or other non-profit - is likely on the lower end of higher probability. Getting into an executive position at many companies is very remunerative because you have a valuable skill set intrinsic to revenue generation. These job titles include Director, VP, C-Suite, etc. Getting into an executive (VP-level) position at a F500 typically takes 15+ years and involves the stereotypical "climbing the corporate ladder" which could mean engineer -> MBA -> senior engineer/engineering manager -> IT director -> VP IT -> CTO. A little more surprisingly, executives at hospitals, universities, and other larger non-profits pay six or even seven-figure salaries to executives. This data is actually pretty easy to find because tax information is generally online for not-for-profits. The range of income is extremely difficult to come up with because on one hand you could have the VP of Marketing at a local construction company making $100k and you could have the CEO of Google crossing 9 figures in total compensation. Anecdotally, the CFO at a major rehab hospital in Chicago earns \~$1.5M. + +\*LCOL friendly + +**Moderate Probability / Moderate Income Potential** + +*-High-End/Enterprise Sales* + +Sales reps who sell enterprise software (e.g. Microsoft, IBM, Google Cloud, AWS, etc.) to Fortune 1000-type companies earn a median of \~$300k. The range is between $200k-millions. A lot of reps work remotely and some in great situations have little travel and very reasonable hours. But others have constant travel, crazy hours/stress, etc. So, if you are able to become a top performer (ideally, beating quota most years), business-to-business sales is a great option. Of course, it’s a competitive environment, and you have to be good with both technical skills and understanding the product and good with people. Huge thanks to u/pgbstacks for the following: "In my experience there’s three good places to be in B2B software sales and they require different skill sets. Ask yourself what you’re good at and go from there. *Small startups that are figuring out product-market fit*. You’re ideally the only salesperson and co-founders are involved in every deal. Skill set: Serious product chops, ability to play product mgmt between the customer and your R&D team *Medium-size companies* growing > 40% y/y and you get in before the territories have shrunk. Land the big accounts, make sure you don’t lose em and you’re set for 4-5 years or more. Skill set: you’re an athlete. The playbook is established, you know the best use cases, your best strength is hustling for every single meeting, deal, and account. This is where you can make the most imo. *The behemoths*: Oracle, IBM, MSFT, etc. Get the right install accounts and you’re good. Skill set: political savvy. Selling yourself internally is more important than externally. You have an army of resources, it’s up to you to quarterback them and keep the install acts happy. Imo the business happens here no matter who the rep is, your job is to keep everyone aligned and happy. You’re a traffic cop in a lot of cases. All three you can consistently make $200-400k/year and at the latter two can have years of $1M+." Also, for every top rep, there are several more who burned out/couldn't hit quota. So, if you aren't very skilled, probably not the greatest choice. + +Another potentially very lucrative sales option is financial wholesaling: selling financial products (mutual funds, ETFs, etc.) to financial advisors/wealth managers. While several wholesalers I know are very involved in the lives of family/friends and active in volunteering/church etc. there is definitely a very significant amount of travel involved. You typically start as an internal wholesaler ($100kish) who supports the external wholesaler ($200k on the low end to 2M+ on the very high end, $500k is typical). They are typically paid a base + a percentage (tpical commission is 10 basis points, so 100mm a quarter would be 100k a quarter.). The largest concern (besides potential lifestyle issues) would probably be the future of wholesaling, especially with the rise of index funds/passive management. One external wholesaler (deleted account) on reddit claims that "active management in fixed income remains the leader". So the future of equities wholesaling is definitely in question. However, currently, financial wholesaling can be a very lucrative path that doesn't require the Ivy League pedigree and insane hours of investment banking etc. + +Another option suggested by u/expertatthis with very high potential is commercial real estate sales/brokerage (this is on the lower probability side). u/Ripclaw77 also mentioned med device sales as an alternative to tech that can also be quite lucrative. + +\*LCOL friendly + +*-High Finance* + +One of the most common career paths of graduates of elite colleges is high finance: investment banking, sales & trading, hedge funds, private equity, asset management, private wealth management, etc. Pay starts around $100k and increases to seven figures. A common path is target undergrad -> investment banking -> MBA -> private equity/hedge funds etc. The career, however, is less steady/certain than other paths and requires extreme hours (up to 80+) especially in the beginning years. Also, it is extraordinarily difficult to break in from a non-elite school. However, the pay ceiling is incredibly high. If you take the traditional path and you do well, you could earn between $500k-1M/yr approximately 10 years out of college. + +\*Not LCOL friendly + +*-Professional Services (Consulting/Accounting/Law)* + +*Consulting & Accounting* As suggested by a commenter, highly experienced management consultants and CPAs at top firms can earn very high incomes. MBB consulting is often not a sustainable long-term career, but rather a good start to a career to accelerate into finance/tech etc. No expertise in this area, so I would appreciate any comments on this field! *Law* In the past, this would have been in the first category, but today, law has an extraordinarily bi-modal salary distribution. If you’re the top of the top, you’ll be making crazy money. But an average lawyer might end up with less than six figures and lots of hours. Many (most?) lawyers do not recommend the profession and seem quite miserable. But top lawyers (e.g. BigLaw corporate lawyers) earn great money. They have a higher average income potential than medicine but a lower median. My understanding is that a lot of lawyers go from a top law school -> BigLaw -> in-house at a tech company. + +\*Generally not LCOL friendly + +*-Small Business Owner* + +The top 1% of America (who earn a bit under half a million per year) are predominantly composed of small to medium sized service business owner/managers. These include physician/dentist offices, accounting firms, law firms, consulting firms, engineering firms, specialty trade contractors etc. While it’s certainly a much less straightforward path than becoming a physician or engineer or even investment banker or top salesperson, but it’s doable for those with the skills, experience, patience, hard work, and connections - especially if you work on it on the side until it replaces your full time income. + +\-LCOL friendly + +*-Early-stage startup employee* + +(Thanks to u/ecouter!) If you join an early stage startup, you generally get lower base salary compared to FAANG but your equity component has a chance of multiplying in the longer run. You can also climb the ladder more quickly at startups. Important caveat: FAANG might still pay more in absolute dollars over time compared to startup jobs unless you negotiate a large equity package as a senior employee at a startup. *More on equity* (thanks to u/kernelcrop) "There’s a whole gamut of equity awards in the startup world. The optimal risk premium (IMHO) is to either join early as one of the first 20-50 employees (Series A timeframe) or join at a senior level (VP) at a preIPO company (Series C,D+). Those are the optimal ways to get to 7-8 figure exits. You could also toss in the generally belief that 2 out of 20 startups will hit a homerun (unicorn type exit), 6-8 will have a decent exit, and the rest will either fail or get acquired at a mediocre to poor multiple." However, this may be a pretty bad combination of risk and reward. "The problem is IPOs are rare these days. More often employees are stuck essentially working for a small company whose exit strategy is an acquisition. Often these companies are 'over valued' and the employees effectively get very little, or even wiped out equity wise when the company is finally sold. What's worse, is it can take *ages* for a company to even have a liquidation event. I've seen employees working insane hours for nearly a decade, hoping to finally cash out. Meanwhile they're getting older, having kids, and getting really burned out in general. It's not a pretty picture." -thanks to u/curiously_clueless + +\*Generally not LCOL friendly + +**Low Probability / Highest Income Potential** + +*-Founder/CEO* + +The founder and C-Suite of giant & fast-growing companies earn the most, period. But the probability is extremely low. So, generally not a recommended path for those who want a decent chance at making good money. + +Hope this list is insightful - let me know in the comments! + +... + +**BONUS: Most common professions among multimillionaires/the top 1%** + +According to research from Thomas Stanley's less well-known book *The Millionaire Mind* (a fascinating study of multimillionaires), these are the most common professions held by (generically) "rich people" with a median inflation-adjusted income of $650k and net worth of $6.4M: + +1. Business owner (32% of those sampled) +2. Senior corporate executive (16%) +3. Attorney (10%) +4. Physician (9%) +5. Retirees, corporate middle managers, accountants, sales, engineers, architects, teachers, professors, housewives (remaining 1/3, includes spouses of primary income earners, thus teacher/housewife etc.) + +I would assume higher representation (at least in this sub) of engineering and high finance. + +EDIT: Thank you for the gold and two silvers! You guys are the best. Love the discussion. + +EDIT 2: Wow. 2nd most upvoted post on the community. +Not only we didn't see a valid counter DD in more than a year. But as the story unfolds we see clear demonstration the SHFs didn't close their positions. + +I wanted to add that Kenneth Griffin, from Citadel Securities does illegal short selling. Just as Stevie Cohen does. + +Also the top 3 banks that benefited gigantic repo loans are the ones that were top 3 when the subprime crisis bursted. +In my opinion TSM until 2023 is going to absolutely explode and dominate everything and one else in an unseen way. They will control the GPU and CPU markets in the desktop space (Nvidia Hopper is being made with them and Intel is rumored to go fabless in the next few years, they also manufacture all AMD products). They also control the console space with AMD so Xbox and Playstation and are manufacturing Apple's APU in their phone. I don't see how it doesn't become a 500-600$ stock in the coming years. + +&#x200B; + +Edit: Thank you for the awards, great comments and don't forget to do your own DD before buying or selling anything, good luck. + +&#x200B; +We were on the fence about buying a house since we like our lifestyle in this minimalism apartment a lot but we want to start thinking about school. + +But just for fun, I negotiated our new lease down and swung for the fence. $1k less than our current rent!! + +Shared with my friends and they didn’t get it. They think we should buy a house still, don’t be cheap and just pull the trigger already. + +But, I am just glad that I can lower this giant expense by a lot especially since we love living in this apartment. It is not too big, easy to clean. + +At $1k a month, that’s half of private school tuition I managed to save, you know? + +Just sharing to my homies here. + +Edit: To make this FatFIRE worthy, our net worth is almost $3M and we can easily get approved on 20% down house in Cupertino area. But we reaaally don’t want to. + +Edit2: A little background, me and all my friends are all working for FAANGMAT. We all have substantial RSUs as well (or used to until they trade them all with housing). These stocks have been growing like weeds even during covid (100% year on year the last 10 years). So, it doesn’t make sense to me to trade my RSUs with lower performing asset class. + +Edit3: We actually own 4 unit rental properties, we are not anti RE. +So I sold a PutCreditSpread on GOOG for 2820/2830P of 3 contracts. I got distracted at end of trading day and forgot to close it. GOOG closed at 2829.. and dropped a bit after hours. + +I log into my account this morning and see a margin call of a $250k with over a million dollars in debt. I'll be closing it first thing on Monday morning; but should have just closed it for the $1 or $2 debit it would have cost me on friday.. + +LESSON LEARNED! + +https://imgur.com/a/4za6Stc + + +UPDATE 9/20 -> Market had one of those days.. closed at a $15k loss. OUCH. Expensive lesson +Over the last couple of weeks, there have been dozens of posts deliberating whether or not to sell growth/tech stocks that have been dropping recently and switch over to "re-opening" or value plays. The key take away here has to be this: + +If a 10% drop in a stock makes you wonder whether or not you should sell that stock, you should have never bought that stock in the first place. + +Contrary to popular belief, stocks do not always go up. In fact, most stocks fail to beat the market in the long-term, with few exceptions. Buffet makes this clear. A good stock is not considered good just because it may do well in the next year, or because it has shown growth in the past. It is only a good buy if it has value beyond a short-term horizon, and most importantly, IF YOU BUY AT THE RIGHT PRICE. If you had bought GE at its peak, a company that is invested in all aspects of life and won't ever disappear, you would be down nearly 75%. Why is this? Is GE a bad company, with bad products, or a shrinking customer base? No, you would have just bought in at a price that was unjustifiable. + +Think of this scenario, you are the owner of a snack shop. Summer is coming up, so you decide to invest in significant inventory of ice cream. After all, people will purchase frozen desserts in the hot summer days, right? This can't possibly bad investment. So you go to your supplier, and he offers you a price of $100 per pint of ice-cream. What would you do? Would you buy just because ice-cream is guaranteed to sell in the future? No, not unless customers were willing to pay more than $100 per pint. + +Conversely, your next-door competitor decides to invest in inventory of hot chocolate. This is ridiculous to you, who would buy hot chocolate in the summer? However, your neighbor buys in at $0.10 per cup of hot chocolate for his supply. Once summer is over, you sell out of your inventory, but at a loss because no one is willing to buy ice cream at more than $10 a pint. Then winter comes, and guess who profits more? + +The point here is that being right about a trend is not enough if the price you buy in at is not the right one. If your belief in a stock is rattled because it drops a little bit, you did not believe in the price in the first place. If this scares you enough, you are better off sticking to index funds and filtering out the noise. There is nothing wrong with that, picking stocks is hard, and there is no guarantee that you will come out on top. + +My two cents is this: lumping tech into one single asset class is absurd, and calling companies like Amazon and Microsoft "growth" stocks is disingenuous if you lump in Palantir and Tesla in that same category. The market right now is doing just that, however, in the sense that high-PE growth stocks like Tesla are dropping alongside with Apple. In my opinion, all this is doing in the long-run is that you are buying tried-and-true blue chips at a discount. + +Kohl's is not going to be larger in 10 years than it is now, and its price now does not make it a good buy. Conversely, just because Tesla will be huge in the future does not mean that buying it at a PE of 1000+ is a wise investment. Re-opening plays are just market chatter. Cruise lines have tremendous debt, banks are tied to risky-credit loans and government regulation, and oil companies are at the mercy of an overseas oil cartel. Just because they are outperforming now, does not mean they will be a good buy if the current price does not reflect their value in the long-term. + +Buy into valuable companies (future growth, good price) at a discount, ignore short-term market sentiment, and invest in index funds if you do not feel strong enough convictions in your stock picks. +Sophie Dee, Reena Sky, and Richelle Ryan will be in an AMA Tonight in the Pornstar Finance Telegram, thats huge and never seen before from any “Porn” Token and they haven’t even launched yet. The AMA is 10:00PM PST Tonight! + +Sophie Dee also sent out a tweet about $STAR Just a couple of hours ago, not to mention their DessertSwap Audit had the Developers ID Verified. PornStar Finance is Launching Tomorrow at 10AM PST, The Whitelist and Pre-sale has ended (they filled 600BNB in 2 Seconds) + +Don’t be weird about it but Sophie Dee and all the other brand ambassadors of Pornstar Finance are just chilling in the telegram, I think thats a good reason for me to even just be in the Telegram. They said they have a huge brand ambassador being announced tomorrow at Launch. + +So Hop in the AMA Tonight and see for yourself as to why im super bullish on this project and is going to become the next 100MCap Project. + +Links: + +🍑 Telegram: https://t.me/Pornstar_Finance + +🍑 Twitter: https://twitter.com/pornstar_token + +🍑 Instagram: https://www.instagram.com/pstarfinance/ + +🍑 Website: https://pornstar.finance/ + + +**TLDR: The gamma spike is BAAAACCCKKKK!!!!!! Today we blew past the delta neutral AND the gamma maximum point. I'll be honest that I don't think I've ever seen that before!** + +**Although I can't predict the future, I can use the gamma spikes to tell us if the gamma squeeze is continuing, or if we've peaked/another type of squeeze will be taking over.** + +[I made a post yesterday giving a boring update that the Delta Neutral was $164 and the Gamma Maximum was $190](https://www.reddit.com/r/Superstonk/comments/paatj3/dn_update_164_floor_or_ceiling/?utm_medium=android_app&utm_source=share) + +First, I'll show in a log-based 10 scale so you can see these beautiful, glorious gamma spikes in all their glory. For anyone new, I'll add definitions/context later on. + +&#x200B; + +[ GME 1\/4\/2021 - 8\/24\/2021 Log based 10 ](https://preview.redd.it/vw0xy6du8fj71.png?width=910&format=png&auto=webp&s=3933e32cffa9140c2c3c23a268bb84a89881a946) + + Now here's a close up view: + +&#x200B; + +[ GME 1\/4\/2021 - 8\/24\/2021 ](https://preview.redd.it/fgddnyjw8fj71.png?width=910&format=png&auto=webp&s=c54db83654ac97a1529dca5d2cb6eb364d6dd87d) + + + +ok, so a few very important points to make about the Gamma Neutral spikes: + +* They are generally reactive, and not very predictive. They indicate an imbalance in the options market. +* They CAN be used to help judge what's happening in a gamma squeeze. +* For example, the January/March squeeze has spikes every day that were generally INCREASING. +* However, the June spikes were kind of one-hit-wonders, and probably not truly a gamma squeeze all the way up to $300. +* As far as I can tell, the height of the spikes don't determine the height of a gamma squeeze. I only like to look for spikes that are relatively increasing compared to prior days. + +For educational purposes, I'll show you the A&M&C log-based 10 chart, which I think has important lessons from their May/June squeeze: + +&#x200B; + +[ A&M&C 1\/4\/2021 - 8\/24\/2021 - Log based 10 view ](https://preview.redd.it/efk9yn1z8fj71.png?width=910&format=png&auto=webp&s=30571e4409b64238803f7261bde0a9134f29a307) + + + +* As you can see, the A&M&C squeeze started in late May, and their gamma spikes were continuous and generally increased through their big run +* When the gamma spike stopped near the top, it was generally a sign that the squeeze was over. +* Similar things happened with the GME January surge and the A&M&C surge. + +*Important caveat - this is just for gamma squeezes. This is not for short-squeezes or FTD squeezes. Other squeezes could take over, but this post is just to monitor the potential gamma squeeze.* + +What does this mean for the future? It's hard to say. I think tomorrow will be very telling if this was a one-hit-wonder, or if we're in a true gamma squeeze (continue to increase dramatically). + +This is exciting stuff, and I will continue to monitor closely!!! + +Now some copy/paste for anyone new to my posts, and who need a bit of context. + +**Recap** + +Here's a quick recap of my recent posts: + +[On 7/13, I called out that we were about to hit the DN, and it will probably mean we'll bounce off it, like we have in the past.](https://www.reddit.com/r/Superstonk/comments/ojevhv/knock_knock_knockin_on_delta_neutrals_door/) + +[But we didn't bounce off it, instead we sunk underneath it for the first time since February. I gave an overview of life under the DN.](https://www.reddit.com/r/Superstonk/comments/ok4chd/special_edition_down_under_the_delta_neutral/) + +[On 7/20, it looked like we would blow past the DN, and I warned that sometimes stocks bounce off it like a ceiling a couple times before going over.](https://www.reddit.com/r/Superstonk/comments/oo5c7t/delta_neutral_update_coming_up_for_air/) + +[Then we blew past the DN, and was hopeful we escaped the DN and wouldn't bounce around it for awhile.](https://www.reddit.com/r/Superstonk/comments/ooc25b/delta_neutral_update_blowing_past_the_dn/) + +[I was wrong again, it sunk back down, and started bouncing around underneath the DN for awhile](https://www.reddit.com/r/Superstonk/comments/otdc8g/update_bouncing_beneath_the_dn/) + +[I was dreading posting the bearish pattern GME was showing while bouncing under the DN, but figured it wasn't ethical to only post when I had good things to say.](https://www.reddit.com/r/Superstonk/comments/p1twk8/dn_update_we_need_volume/) + +[I wrote another post of the influence the bearish options market was having on the underlying stock.](https://www.reddit.com/r/Superstonk/comments/p725f4/dn_update_fighting_a_bearish_options_market/) + +[Yesterday, I posted a quick update about the DN at $164 and the GM at $190](https://www.reddit.com/r/Superstonk/comments/paatj3/dn_update_164_floor_or_ceiling/) + +[Got So excited we were blowing past the DN/GM that I had to post a quick update!](https://www.reddit.com/r/Superstonk/comments/pasn91/190_maximum_gme_gamma_point/) + +**Overview** + +In general, all stock indicators boil down to two things - reversion to the mean and momentum. Every trader wants to accurately predict these two forces better than other guy, and if you use different indicators than the other guy, that an give you an 'alpha' in trading if it's a better predictor. + +I make a lot of different indicators, but the two primary ones are the Delta Neutral and Gamma Neutral/Maximum: + +* Delta Neutral (DN) - This helps identify **reversion to the mean**, and represents the underlying price that would create a total market delta of 0 across all GME options (all expiration dates) for a given date. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. + + * This is generally how I trade my model. I watch for stocks that drop below the DN, and buy them, expecting for traders to identify that the stock is underpriced and will revert back to a higher level. +* Gamma Neutral (GN) and Gamma Maximum (GM) - This helps identify **momentum. The GN** represents the underlying price that would create a total market gamma of 0 across all GME options (all expiration dates) for a given date, whereas the GM represents the underlying price that would create the maximum gamma across the market. + + * In general, a sudden increase in gamma indicates a sharp upward in momentum that continues until that gamma drops. + * The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +This is my own personal 'alpha' that I developed for my own trading purposes, and am sharing with this community because it's given me back so much. This is not financial advice. I'm just a mathematician that likes to play with options data, and I am not a professional trader. + +There's a detailed methodology and assumptions section at the bottom if you want to know more. + +***Methodology and Assumptions*** + +**Delta Neutral** + +The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +Notes below for general options on how the delta neutral interacts with the underlying price: + +* There is a large influx of call option purchases, because: + + * The call prices get less expensive as the underlying price approaches the delta neutral + * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways. +* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory. + + * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds. +* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released. + + * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral. + +**Gamma Neutral** + +The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +General notes below for observations on how this indicator behaves: + +* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April). +* It also goes crazy in periods of high volatility, as you can see by the very higher spikes. +* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month. +* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it. +* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start. +* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet). + +I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use: + +* I rely on daily options and stock summaries produced by [www.historicaloptionsdata.com](http://www.historicaloptionsdata.com/) +* For the Implied Volatility (IV), I use the following method: + + * Calculate the raw IV of the mid-point between bid/ask price at close. + * Calculate a “blend” IV, which represents the IV where the call/put parity holds, i.e. where call delta – put delta = 1, using the same IV. + * Smooth the mid-point call/put and blend IV using a gaussian smoothing algorithm with a 20-strike window. + * Apply the smoothed call/put relativities to the smoothed blended IV curve + * Fill any missing values with a linear interpolation of the neighboring strikes. +* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel) +* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price. + + * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta. + * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma. +* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma. +* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of. +* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. Using the prior day OI is currently a limitation of the data available to me. + +*Disclaimer: I'm just a mathematician that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.* +TLDR: This company is selling for cheap and if you can accept the risks involved with the company currently it could be a good value play in the gaming and high PC space. + +[Link to the Google doc if you would rather see the graphics in the text](https://docs.google.com/document/d/1FcfTHITstSualR6ZE43ut8U-oQ8OuCIRNh7NmAJmp64/edit?usp=sharing) + +**Introduction:** + +Good morning/evening everyone! I am taking my first crack at a DD post so please give me feedback both on the presentation of the information and the general information. We are going to start by taking a look at the current business model. + +**CRSR - Corsair:** + +“Corsair is a leading global provider and innovator of high-performance gear for gamers and content creators. Our industry-leading gaming gear helps digital athletes, from casual gamers to committed professionals, to perform at their peak across PC or console platforms, and our streaming gear enables creators to produce studio-quality content to share with friends or to broadcast to millions of fans. We design and sell high-performance gaming and streaming peripherals, components, and systems to enthusiasts globally.” [About Us on Investor Relations](https://ir.corsair.com/) + +Basically, they make money by selling hardware that users need for high-end PC setups and peripherals. Below you can see a chart of where NPD Group ranked them in terms of their leadership in each category. As you can see they are able to charge premiums on various products compared to their peers. + +[Leadership in each product category graphic](https://imgur.com/a/OlHYx0H) + +[Showcasing their current product offerings](https://imgur.com/a/G1i07Qg) + +**Corsair breaks itself down into the following segments:** + +* **Gamer and creator peripherals -** Includes our high-performance gaming keyboards, mice, headsets, controllers, and streaming gear, which includes capture cards, Stream Decks, USB microphones, studio accessories, and EpocCam software, as well as coaching and training services and content design services, among others. +* **Gaming components and systems -** Includes our high-performance power supply units, or PSUs, cooling solutions, computer cases, DRAM modules, as well as high-end prebuilt and custom-built gaming PCs, among others. + +*Below you can see how the two segments have been doing:* + +[Segment performance graphic](https://imgur.com/a/aDpSspQ) + +**Financials:** + +* Total Revenue TTM as of Q2 2021: $2.015B +* Profit Margin has been floating between \~6% - 7% + * Their *gamer and creator peripheral* segment is a smaller part of their overall revenue, but it is a higher margin business than selling PC components. They have been growing this part of the business rapidly over the last couple of years. This will likely expand margins and allow them to capture more profit on the bottom line. On top of the push to their newer segment, they are also trying to push into direct-to-consumer sales rather than utilizing a third party like Amazon or Best Buy. +* Current P/E: \~15 +* EV/EBITDA: \~10 +* Current Cash as of Q2 2021: $134.572M +* Total Debt as of Q2 2021: $330.251M + * They recently refinanced this debt, but I will update this once we have new information. + +**Industry** + +* Many believe that the industry will create a huge TAM for a company like Corsair. By 2025, analysts predict the industry will generate more than $260 billion in revenue.”([link](https://www.statista.com/statistics/292056/video-game-market-value-worldwide/)) There is still a lot of growth especially due to the fact that consoles will likely allow native mouse and keyboards in the future to allow players to be more competitive. This could be a catalyst for Corsair over the long term. +* For the components portion of the business, PC’s will likely begin a refresh cycle to include the new CPU’s, GPU’s, and of course DDR5 technology. Corsair will benefit massively as supply chains shore up the resources and are able to deliver computer components to enthusiasts. ([Link](https://www.pcgamer.com/pandemic-or-not-idc-says-gaming-pc-and-monitor-sales-will-remain-strong-for-years-to-come/)) + +**Strengths:** + +1. Brand Name and reputation - + 1. Corsair is a well-known brand in the gaming space along with some of its other brands like Scuf, Elgato, and Origin. + 1. Scuf Gaming builds custom high-end and high-performance controllers for those looking to get to the next level. + 2. Elgato creates products to help streamers create a higher quality stream through HD webcam, lighting, stream decks, and much more. + 3. Origin is a desktop PC supplier which sells high-end PC’s meant for heavy workloads and gaming. +2. Integration of multiple products along with complimentary add ons and software + 1. As you saw in the product showcase above they have been creating more and more products to give gamers the all-around experience that all sync up together. This makes it easier for streamers to control their feed and various interactions through the stream deck while also managing the cameras and mics. When the consumers buy one high-end product they will likely buy the complimentary items if they have a good experience with the initial product from Corsair or its subsidiaries. +3. They sponsor some great streamers, teams, and events. This allows them to reach many fellow gamers and followers. + 1. Corsair currently sponsors large streamers on twitch such as(Not comprehensive [list](https://www.corsair.com/us/en/streamers)): + 1. Summit1G (\~6.0M followers) + 2. CyborGangel (\~67.7K followers) + 3. IamBrandon (\~39.9K followers) + 4. Bajheera (\~510.5K followers) + 5. Loserfruit(\~2.6M followers) + 6. Sacriel(\~702.1K followers) + 2. Corsair also sponsors Team Envy, BIG, Vitality, and Team Secret which all have teams in various E-Sports. More information can be found [here](https://www.corsair.com/us/en/esports). +4. Work from Home strengthened the gaming market + 1. Many teens and adults were obviously staying home, but many bought a computer that they have been slowly building over time or just increased their gaming due to needing to be quarantined indoors. This obviously caused a huge increase in Corsair’s (and other retailers) yearly sales especially due to the impact of the stimulus payments. Sales will likely normalize lower in the near term as the COVID buying starts to subside. However, this means that if Corsair was at least able to get one of their products to a customer’s desk they will likely have that customer come back to buy more to add their Corsair-related devices (headset, mice, keyboard, stream deck, etc.) +5. Actively decreasing debt on the balance sheet while maintaining a strong cash position. The total debt hit $505.8M in Q4 2019, but they have been able to knock it down to $330.3 as of Q2 2021. + +**Risks:** + +Now, these are some of the reasons why it may not be a good investment or just some general business risks that you should be aware of. + +1. EagleTree + 1. This is a partner that Corsair is majority-owned by currently. As of the time of this [article](https://www.nasdaq.com/articles/what-is-the-ownership-structure-like-for-corsair-gaming-inc.-nasdaq%3Acrsr-2021-06-21) Eagletree owns 59% which they are trying to sell down which we saw during the stock price run-up in Spring of 2021. The majority ownership poses obvious risks because of their voting rights and ability to possibly move management that will negatively impact the retail investor. There is currently no explicit plan for their selling and what/if there is specific target ownership they would like to get down to. Many believe this is why Wallstreet has not “bought the dip,” but you will see that there is a reason it is currently selling for a cheaper value as well. +2. Global Supply Chain Shortages + 1. As with every other company, Corsair has been negatively affected by the shipping times and increased costs overall to create and sell their products. Management recently issued lower guidance and a warning about Q3 earnings due to the impact of these supply chain issues. [Link](https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-announces-preliminary-third-quarter-2021) This will hurt their margins in the short term with hopes that supply chains will normalize in the long term. +3. High Debt + 1. They currently have a lot of the debt on their balance sheet and although they are trying to decrease the debt it still poses an obvious risk especially if there was an economic downturn in the near future. Luckily, management has been using the increased covid sales to plow that money into the debt to decrease the outstanding amount. They were estimated to pay down \~$100M in total for 2021 and continue into next year. On the bright side, they recently refinanced the debt and decreased the current interest rate which will allow them to pay it down faster and decrease the expenses related to the payments. [Link](https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-announces-new-350-million-credit-facility) + +**Discounted Free Cashflow Model** + +If you would like to see my worksheet the link is [here](https://docs.google.com/spreadsheets/d/1yzL4hCMcAUhRTl9xCxVXwbzbt0RYyrQTfVllKBna8oo/edit?usp=sharing). + +[DCF Picture 1](https://imgur.com/a/Qsh6Ab3) + +DCF [Assumptions:](https://imgur.com/a/Jdhn0wo) + +I used an FCF less than their current TTM FCF because I think they are benefitting from high sales, but will be impacted by supply chain woes. I believe the fair value for this company is around $24-$25. + +**What are their plans for the future?** + +1. Corsair plans to pay down its debt and strengthen their balance sheet +2. Continue to introduce new products that will complement their current product lines and work on creating better software to go along with those products. +3. Marketing via sponsorships of streamers, Esports teams, and events to build brand awareness. Also, they send products to large tech YouTubers like Linus Tech Tips, BitWit, JayzTwoCents, and Paul’s Hardware which allows them to showcase and benchmark various Corsair products. +4. Pushing their higher-margin segment of the business while utilizing their direct to consumer + +**Closing Thoughts:** + +There are obvious risks that you should look over before investing in this company, especially trying to understand how it will impact your investment thesis. Eagletree’s large position definitely poses some downward pressure on the stock’s price, but the business appears to be growing steadily. I do not view this as a *HIGH* growth stock that has a current opportunity to 10x or something like that, but I do think it could double or triple over the coming years. Corsair likes to add on to its current offerings via acquisitions and R&D which could mean that it will likely introduce new products and acquisitions later on (They already introduced a lot of products this year). I think for a company selling luxury high-end products with the current valuation it is a no-brainer if you can justify the current risks when doing your own DD. I currently like this company and have been adding at sub $25 and I am looking to continue as it goes down. +Real talk, it has been an awesome journey, but the game stopped being fun quite a while ago for me. I am posting this to vent, as well as hopefully get some of your guys' heads on straight because I saw a Twitter post recently that I wanted to bring up and talk about. According to a recent Twitter poll, over 50% of you don't care to wait 5 years for MOASS to happen. I know this sounds positive, but you are technically saying you are comfortable with hedge funds getting away with everything and fucking you in the ass for 5 years withholding your money, as well as not giving a shit about Ryan Cohen not stepping up for that long and doing something. If you believe they can get away with this for even close to that long then stop saying hedgies r fucked. Let's assume for a second everyone here would walk away from MOASS with 200 million dollars, you are ok having that withheld from you when you could be changing the world with it and helping you and your family right now. People seem to forget that this money is **not** a 100% guarantee, and that **no one knows** how it will play out and/or what parties will get involved and what actions will be taken once GME truly gets to the point of no return. If you are a person that says this "Even if MOASS doesn't happen GME is still a good investment" get out of here. You are right in the fact that it is a good investment but it can't really go anywhere with the shorts involved. Now I don't care what anyone says about this because let's be real, it's a big deal. I am here for the money, yes that's right. GameStop is probably one of if not the most insane company transformations I have seen, but if this money wasn't on the table I would have sold already. This is not to say I wouldn't have bought back in, as I would definitely have day traded and made plans to buy some long positions at a later time when the company had more things established in it's transformation process. People care about the company and that's fine, but if what they do doesn't make the price go up then I could care less and that is my honest opinion. Example being when they announce their NFT. If GME doesn't go up from it and stagnates then I won't care. If this was a normal company then I would understand but man, you are hovering millions upon millions over my head and you expect me to care more about the company, or at least that's what it feels like. I am on here everyday and I don't mind being called a shill because I'm a lurker and not involved. Like I said I came to vent and I will **ALWAYS** share my honest opinion, no lies. If you would like some background info I am 20 years old living at home going to college, nothing special. I do however have huge plans that I want to start NOW, which is why I want my money. Other people are living paycheck to paycheck, and some shareholders are possibly homeless due to posts months back. I like what [u/jasonwaterfalls96](https://www.reddit.com/user/jasonwaterfalls96/) did a couple days ago, which is something more people need to do if it causes no harm and gets us closer to MOASS in a faster way. DRS is good but I am disappointed with how low it is, I am sorry. Everything is good but I truly am ready for this to be over and don't get excited about positive posts due to the nature of how things go. + +***RANDOM POINTS*** + +\- The most important thing I should mention is that I bought 69 shares of GME around $50 at the beginning of February. If this post gets popular enough I will give proof to mods because it's obvious that some people will believe I bought at a high price. + +\- Don't even try to bring anything up about instant gratification, this is hundreds of millions of dollars we are talking about, be quiet + +\- I don't understand why people care about waiting longer to be able to add to their position when they already have a lot of shares. Assuming it didn't help MOASS, you would already make PLENTY. I think people forget how much money 200 million is. Instead of caring so much about adding to your position care about getting most of that initial money first. I know that is not possible but you get the idea. + +***PLEASE SHARE YOUR THOUGHTS AND BE HONEST.*** +*****shoot me a DM if anything below needs updating***** + + +IEX was brought up on several posts last week or the week before but the topic faded very fast. If this helps push price up even a tiny bit this topic needs to be resurrected because it might be one of the only ways to counteract buys being diverted into dark pools. + +The IEX exchange was setup to protect retail investors and was fought heavily by hedge funds when it was established (I wonder why). You may need to go into your account settings to be able to select IEX vs the default which would be called something like "smart exchange" AKA KG keeps your buy from helping to push the price up. + +&amp;#x200B; + +Below is an example from TDA of what you want selected and how to set it up explained in another post: + +[TDA HOW TO IEX](https://www.reddit.com/r/Superstonk/comments/mq8opq/how_to_use_investors_exchange_iex_with_td/?utm_source=share&amp;utm_medium=web2x&amp;context=3) + +https://preview.redd.it/901cvsqjalu61.png?width=733&amp;format=png&amp;auto=webp&amp;s=369701124ab0faa231693eb91e16f1b2aeb07fb5 + +&amp;#x200B; + +If others comment for other brokers I will add to the post + +&amp;#x200B; +_________________________________________________________________________ + +EDIT 1: A great post on IEX [IEX OVERVIEW](https://www.reddit.com/r/Superstonk/comments/mqb42g/i_know_a_lot_about_iex_let_me_explain_to_you/?utm_source=share&amp;utm_medium=web2x&amp;context=3) written by u/Rs_Spacers + +EDIT 2: This is an opinion on buying stock only and not for selling. +_________________________________________________________________________ + +Edit 3: Cool video posted by u/WarioFangirl68 \- [Video](https://www.youtube.com/watch?v=d8BcCLLX4N4) +_________________________________________________________________________ + +Edit 4: Fidelity post added by u/lucioghosty in the comments below [Fidelity Info](https://www.reddit.com/r/Superstonk/comments/mq7l4h/fidelity_users_you_can_manually_route_your_trades/) + +&amp;#x200B; + +Expanding on Fidelity with a post made by Fidelity: + +Hi u/AllCredits, directed trading is available using our Active Trader Pro (ATP) software (which is free to use for all clients of Fidelity). While IEX currently is not available for directed trading, we do offer order routing to many different exchanges in ATP. The directed trading feature can be accessed in ATP by going to the menu for “Trade &amp; Orders” then selecting “Directed Trade &amp; Extended Hours.” Please visit Fidelity.com to learn more about how Fidelity manages order flow and trade execution quality to save you money. +_________________________________________________________________________ + +Edit 5: Wealth Simple Trading Broker 🇨🇦: https://www.reddit.com/r/Superstonk/comments/ms8q2w/apes_using_wealth_simple_trading_broker_here_is/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf +_________________________________________________________________________ + +Edit 6: I’ve seen posts about apes attempting to route via IEX but the trade ends up running through citadel. I share the opinion this Is because Citadel has the only GME liquidity left in the market with their counterfeit shares so when your broker tries to execute IEX if it cant it defaults to most favorable option. By routing via IEX even if it does go Citadels way for the liquidity reason it should still help by forcing the buys to go through something other than dark pools. This means it’s at least being counted towards volume and buy pressure. I need someone smarter to validate this thinking. +_________________________________________________________________________ + +Edit 7: degiro + _________________________________________________________________________ +https://www.reddit.com/r/DEGIRO/comments/mrb1y4/possible_to_route_trades_over_iex_with_degiro/gul89fc/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3 + +Edit 8: IEX was created to mitigate the advantage HFT gives hedge funds. Read or watch flash boys for an Ape friendly summary of the birth of IEX. https://en.m.wikipedia.org/wiki/Flash_Boys +_________________________________________________________________________ + +Edit 9: https://iextrading.com/trading/#members +IEX Supported Brokerage Member list +_________________________________________________________________________ + +Edit 10: sounds like interactive brokers allows you to select routing to IEX. I am still digging of Schwab - trying to see if their TDA connection opens it up +_________________________________________________________________________ + +Edit 11: WEALTHSIMPLE - Response u/-CasaNova- received from their support team: + +Hi *******, + +Hope you are doing well and thank you for reaching out! + +Unfortunately you do not have an option to change the routing method of your orders, however I have forwarded this feedback to our team for more visibility! + +If there's anything else I can help you with please reach out and enjoy the rest of your day! + +_________________________________________________________________________ + +Edit 12 - REVOLUT - Not currently supporting IEX - Confirmed ny u/gme2uranus +_____________________________________________________________________ + +This is not financial advice. Do your homework on the exchange you trade through. This is just one apes opinion. I am not a financial advisor. +You have accumulated enough ETH or soon will and it starts mooning hard. You have concerns about Ethereum as overall since POS can fail and BUGS are there to be exploited and also other things could fail as well. Although all the concerns imagine that the price starts to moon HARD. At what point would you consider to cash out in fiat ? + +&#x200B; + +[View Poll](https://www.reddit.com/poll/9p7o95) +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! + +[https://www.youtube.com/watch?v=V7jMvWTwe6Y](https://www.youtube.com/watch?v=V7jMvWTwe6Y) + +Hello UK Investors! + +I've created a new YouTube channel (and hence created a new reddit account to associate with it) and have made a video showing my qualitative and quantitative analysis on British American Tobacco, the second largest Tobacco producer in the world by market capitalisation. + +The stock is currently trading at levels similar to the lows of the Covid-19 crash and in the video I discuss whether I think it could be a value play, or a value trap, and also provide my intrinsic value calculation using a combination of the discounted cash flow model and future earnings multiples. + +I'd appreciate it if you spared some time to take a look at the video and let me know what you think, but a couple of the points I cover are: + +**Risks:** + +\- The Biden administration are considering the banning of menthol cigarettes, which account for 55% of BAT's cigarette volume in the US. Furthermore, a research study estimates that banning menthol cigarettes will result in 923,000 US smokers to quit, significantly damaging BAT's top and bottom line. + +\- There are proposals for increased regulatory action on tobacco producers to significantly reduce the amount of nicotine in cigarettes, reducing their addictiveness and again harming sales and profits. + +\- A general trend of increased health consciousness and move away from traditional tobacco products, though the trend of cigarette smokers worldwide still appears to be increasing. + +**Opportunities:** + +Key opportunity being a move into the cannabis sector following BAT's acquisition of a 20% stake in Organigram. + +New category products such as non-combustible/vaping products. + +**Quantitative analysis:** + +My discounted cash flow shows a potential significant upside in the stock, but using a future earnings multiple approach actually shows a significant downside, with the true intrinsic value likely falling somewhere between the two. + +Whether you guys watch the video or not, I'd be interested to hear what your thoughts are on BAT. + +Thanks! +Slam Token is a revolutionary ecosystem powered by a DeFi Casino 🎰 Advanced Charts App 📈 Swap Platform. Slam Token has delivered 3 working products in just one month. All 3 of them have some amazing features that all the Binance Smart Chain traders will enjoy. We now call it SLAMAZON🚀 + +&#x200B; + +**👉 1) SLAM CHARTS** + +Slamcharts is a platform where you can track over 1000 Bsc tokens. Website and android version is already live. iOS version is under review and will be live very soon. It’s the first mobile app to track Bsc tokens. + +🔥Get access to free charts for top Bsc tokens, with a super simple and unique design. + +🔥Charts: Easily search & track the Bsc tokens + +🔥Wallet Tracking: Keep track of 4 wallets simultaneously + +🔥A Nifty Converter Tool: Calculate tokens worth in USD & crypto currencies + +🔥 Whale radar: Add any tokens or whale wallets to your watchlist to receive push notifications for big buys/sells with the new “Whale Radar” feature + +[https://slamcharts.com/](https://slamcharts.com/) + +[https://play.google.com/store/apps/details?id=com.slamtoken.charts](https://play.google.com/store/apps/details?id=com.slamtoken.charts) + +&#x200B; + +**👉2) SLAM VEGAS** + +Slam’s first casino game is a crash game, it has been live for over 1 month and the casino stats are just insane! + +🔥Registered Users: 2.615 + +🔥Total Bets:1.631.048 + +🔥Leader player has won more than $50.000 so far. + +🔥More than 30M USD wagered in one month + +You can check rest of the stats here: [https://slamcrash.com/stats](https://slamcrash.com/stats) + +Devs announced that Slam Token signed a deal with Evolution Gaming (Which is arguably the biggest game provider) for [slamvegas.com](https://slamvegas.com) where they will have; + +• Blackjack (+Live) +• Roulette (+Live) +• Baccarat (+Live) +• Slot Machines +• Live Games (such as Crazy Time etc.) + +For the closed and open beta phase of [SlamVegas.com](https://SlamVegas.com) players will only be allowed to deposit and withdraw BNB(USD rate will be fixed) through the casino. They will be adding new tokens/coins starting with BTC, ETH, LTC and BCH as the platform grows. + +Closed beta is now live for selected $SLAM holders only. Main launch will occur in the first week of July. + +&#x200B; + +**👉3) SLAM SWAP** + +Slamswap is basically simplified version of Pancakeswap. Over 1000 tokens -with logos- already added. Slamswap makes it really easy and simple to trade Bsc tokens, even for beginners. With “Auto Version Detection” feature, Slamswap will automatically decide the version you should use for a specific token. In addition to that, Slamswap adjusts the correct slippage for you! (There are currently +30 tokens that have this feature but more will be added in the future). + +&#x200B; + +On SlamSwap, instead of pasting contract adresses you can simply type the name of the token you want to trade and search for it. No strange warnings, no weird error messages that you can’t understand! It’s a swap platform that focuses on simplicity, created to give a much better experience for traders on Bsc. + +Website: [https://slamswap.com/](https://slamswap.com/) + +&#x200B; + +**👉4) SLAM POOLS & BANKROLL INVESTMENTS** + +\-After the grand opening of Slam Vegas, $SLAM billionaires and millionaires will be shareholders of every single product you saw above. Which means $SLAM holders (millionaires and billionaires) will receive %15 of the total net profit of Slam ecosystem as a reward. Of course billionaires will get more rewards than millionaires. + +\-%50 of the bankroll profits will be allocated for investment pool. Whether you are a SLAM holder or not, you will be able to invest in the bankroll and get your fair share of the profits. + +\-Investment funds will be locked for 30 days in order to provide liquidity for the bankroll. Investors will be able withdraw their initial investments after a month. BUT they will be able to withdraw their profits on their investments any time they want. Meaning if you have made a $100 in BNB over a day from your investment profits, you will be able to withdraw it in BNB instantly. + +&#x200B; + +They have released 32 pages long, professionally written White Paper. It’s the best way to see Slam Token’s potential. + +WHITEPAPER: [https://slamtoken.com/whitepaper](https://slamtoken.com/whitepaper) + +&#x200B; + +**What’s already done?** + +✅Crash Game: [slamcrash.com](https://slamcrash.com) + +✅Slam Vegas Beta Launch: (Available only for selected $SLAM holders) + +✅Charts Website: [slamcharts.com](https://slamcharts.com) + +✅Charts App (Android): [https://play.google.com/store/apps/details?id=com.slamtoken.charts](https://play.google.com/store/apps/details?id=com.slamtoken.charts) + +✅Swap Platform: [slamswap.com](https://slamswap.com) + +✅TechRate Audit + +✅Whitebit Listing + +✅CMC and Coingecko Listing + +✅Whitepaper: [https://slamtoken.com/whitepaper](https://slamtoken.com/whitepaper) + +✅Renounce Ownership Transaction: [https://bscscan.com/tx/0xcbae5f376f037e7dcaa68452a96f34958d8efdbd59f39dc4694a18e0ee3f9f87](https://bscscan.com/tx/0xcbae5f376f037e7dcaa68452a96f34958d8efdbd59f39dc4694a18e0ee3f9f87) + +&#x200B; + +✅1st Developer AMA: + +[https://www.youtube.com/watch?v=Qurxua6VDmQQ](https://www.youtube.com/watch?v=Qurxua6VDmQQ) + +✅2nd Developer AMA: + +[https://www.youtube.com/watch?v=Y5WcyA-1hcs&t=26s&ab\_channel=SlamToken](https://www.youtube.com/watch?v=Y5WcyA-1hcs&t=26s&ab_channel=SlamToken) + +✅3rd Developer AMA: + +[https://www.youtube.com/watch?v=fG8pu4YbTxQ&ab\_channel=SlamToken](https://www.youtube.com/watch?v=fG8pu4YbTxQ&ab_channel=SlamToken) + +&#x200B; + +**What’s Lies Ahead?** + +⏳SlamVegas Main Launch (First week of July) + +⏳ iOS Charts App (Under review) + +⏳Bankroll Staking (After SlamVegas Main Launch) + +⏳Twitch&Youtube&Tiktok Collabs + +&#x200B; + +Contract: 0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37 + +1) You can buy it on [slamswap.com](https://slamswap.com) easily! + +2) Buy it on Pancakeswap: +👉 [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37&inputCurrency=BNB) + +\- Use v1 or v2 and 11% slippage if purchasing $SLAM on PancakeSwap + +&#x200B; + +BSCScan: +[https://bscscan.com/token/0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37](https://bscscan.com/token/0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37) + +Website: +[slamtoken.com](https://slamtoken.com) + +Telegram: +[https://t.me/SlamToken](https://t.me/SlamToken) + +Discord: +[https://discord.gg/B9frWsqXsqı](https://discord.gg/B9frWsqXsqı) +Slam Token is a revolutionary ecosystem powered by a DeFi Casino 🎰 Advanced Charts App 📈 Swap Platform. Slam Token has delivered 3 working products in just one month. All 3 of them have some amazing features that all the Binance Smart Chain traders will enjoy. We now call it SLAMAZON🚀 + +&#x200B; + +**👉 1) SLAM CHARTS** + +Slamcharts is a platform where you can track over 1000 Bsc tokens. Website and android version is already live. iOS version is under review and will be live very soon. It’s the first mobile app to track Bsc tokens. + +🔥Get access to free charts for top Bsc tokens, with a super simple and unique design. + +🔥Charts: Easily search & track the Bsc tokens + +🔥Wallet Tracking: Keep track of 4 wallets simultaneously + +🔥A Nifty Converter Tool: Calculate tokens worth in USD & crypto currencies + +🔥 Whale radar: Add any tokens or whale wallets to your watchlist to receive push notifications for big buys/sells with the new “Whale Radar” feature + +[https://slamcharts.com/](https://slamcharts.com/) + +[https://play.google.com/store/apps/details?id=com.slamtoken.charts](https://play.google.com/store/apps/details?id=com.slamtoken.charts) + +&#x200B; + +**👉2) SLAM VEGAS** + +Slam’s first casino game is a crash game, it has been live for over 1 month and the casino stats are just insane! + +🔥Registered Users: 2.615 + +🔥Total Bets:1.631.048 + +🔥Leader player has won more than $50.000 so far. + +🔥More than 30M USD wagered in one month + +You can check rest of the stats here: [https://slamcrash.com/stats](https://slamcrash.com/stats) + +Devs announced that Slam Token signed a deal with Evolution Gaming (Which is arguably the biggest game provider) for [slamvegas.com](https://slamvegas.com) where they will have; + +• Blackjack (+Live) +• Roulette (+Live) +• Baccarat (+Live) +• Slot Machines +• Live Games (such as Crazy Time etc.) + +For the closed and open beta phase of [SlamVegas.com](https://SlamVegas.com) players will only be allowed to deposit and withdraw BNB(USD rate will be fixed) through the casino. They will be adding new tokens/coins starting with BTC, ETH, LTC and BCH as the platform grows. + +Closed beta is now live for selected $SLAM holders only. Main launch will occur in the first week of July. + +&#x200B; + +**👉3) SLAM SWAP** + +Slamswap is basically simplified version of Pancakeswap. Over 1000 tokens -with logos- already added. Slamswap makes it really easy and simple to trade Bsc tokens, even for beginners. With “Auto Version Detection” feature, Slamswap will automatically decide the version you should use for a specific token. In addition to that, Slamswap adjusts the correct slippage for you! (There are currently +30 tokens that have this feature but more will be added in the future). + +&#x200B; + +On SlamSwap, instead of pasting contract adresses you can simply type the name of the token you want to trade and search for it. No strange warnings, no weird error messages that you can’t understand! It’s a swap platform that focuses on simplicity, created to give a much better experience for traders on Bsc. + +Website: [https://slamswap.com/](https://slamswap.com/) + +&#x200B; + +**👉4) SLAM POOLS & BANKROLL INVESTMENTS** + +\-After the grand opening of Slam Vegas, $SLAM billionaires and millionaires will be shareholders of every single product you saw above. Which means $SLAM holders (millionaires and billionaires) will receive %15 of the total net profit of Slam ecosystem as a reward. Of course billionaires will get more rewards than millionaires. + +\-%50 of the bankroll profits will be allocated for investment pool. Whether you are a SLAM holder or not, you will be able to invest in the bankroll and get your fair share of the profits. + +\-Investment funds will be locked for 30 days in order to provide liquidity for the bankroll. Investors will be able withdraw their initial investments after a month. BUT they will be able to withdraw their profits on their investments any time they want. Meaning if you have made a $100 in BNB over a day from your investment profits, you will be able to withdraw it in BNB instantly. + +&#x200B; + +They have released 32 pages long, professionally written White Paper. It’s the best way to see Slam Token’s potential. + +WHITEPAPER: [https://slamtoken.com/whitepaper](https://slamtoken.com/whitepaper) + +&#x200B; + +**What’s already done?** + +✅Crash Game: [slamcrash.com](https://slamcrash.com) + +✅Slam Vegas Beta Launch: (Available only for selected $SLAM holders) + +✅Charts Website: [slamcharts.com](https://slamcharts.com) + +✅Charts App (Android): [https://play.google.com/store/apps/details?id=com.slamtoken.charts](https://play.google.com/store/apps/details?id=com.slamtoken.charts) + +✅Swap Platform: [slamswap.com](https://slamswap.com) + +✅TechRate Audit + +✅Whitebit Listing + +✅CMC and Coingecko Listing + +✅Whitepaper: [https://slamtoken.com/whitepaper](https://slamtoken.com/whitepaper) + +✅Renounce Ownership Transaction: [https://bscscan.com/tx/0xcbae5f376f037e7dcaa68452a96f34958d8efdbd59f39dc4694a18e0ee3f9f87](https://bscscan.com/tx/0xcbae5f376f037e7dcaa68452a96f34958d8efdbd59f39dc4694a18e0ee3f9f87) + +&#x200B; + +✅1st Developer AMA: + +[https://www.youtube.com/watch?v=Qurxua6VDmQQ](https://www.youtube.com/watch?v=Qurxua6VDmQQ) + +✅2nd Developer AMA: + +[https://www.youtube.com/watch?v=Y5WcyA-1hcs&t=26s&ab\_channel=SlamToken](https://www.youtube.com/watch?v=Y5WcyA-1hcs&t=26s&ab_channel=SlamToken) + +✅3rd Developer AMA: + +[https://www.youtube.com/watch?v=fG8pu4YbTxQ&ab\_channel=SlamToken](https://www.youtube.com/watch?v=fG8pu4YbTxQ&ab_channel=SlamToken) + +&#x200B; + +**What’s Lies Ahead?** + +⏳SlamVegas Main Launch (First week of July) + +⏳ iOS Charts App (Under review) + +⏳Bankroll Staking (After SlamVegas Main Launch) + +⏳Twitch&Youtube&Tiktok Collabs + +&#x200B; + +Contract: 0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37 + +1) You can buy it on [slamswap.com](https://slamswap.com) easily! + +2) Buy it on Pancakeswap: +👉 [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37&inputCurrency=BNB) + +\- Use v1 or v2 and 11% slippage if purchasing $SLAM on PancakeSwap + +&#x200B; + +BSCScan: +[https://bscscan.com/token/0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37](https://bscscan.com/token/0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37) + +Website: +[slamtoken.com](https://slamtoken.com) + +Telegram: +[https://t.me/SlamToken](https://t.me/SlamToken) + +Discord: +[https://discord.gg/B9frWsqXsqı](https://discord.gg/B9frWsqXsqı) +Perhaps it's just me, but I've been noticing a lot of comments and posts lately from people who really don't get what FI/RE is, or what it's supposed to be about. Maybe we've just got an influx of new users or something, but I wanted to make a post to clear a few things up. + +* First of all, FIRE **is not** limited to just the [MMM](https://www.mrmoneymustache.com/)/[ERE](https://www.amazon.com/Early-Retirement-Extreme-Philosophical-Independence/dp/145360121X) style, lean FIRE approach. Yes, getting super frugal and saving 75% of your take home so you can retire before 30 is **one** way to achieve FIRE. But it is not the only way. There are plenty of other approaches to this and plenty of reasons for why some people favor those approaches. + +* Second, FIRE **is not** limited to just people who retire before 30/35/40 or whatever imaginary cutoff you have in your head. I legitimately saw someone ask the other day if 55 was really "early" retirement. **Yes**, it emphatically is. An extra decade of your life outside of the workforce is *nothing* to scoff at. But really, FIRE isn't even limited to people who are retiring early. It's right there in the name "*Financial Independence* / Early Retirement". There are plenty of people in here who are doing this for reasons that have nothing to do with leaving the workforce before 65. + +* Third, FIRE **does not mean** you can't have [insert your preferred hobby/luxury/indulgence here]. I like the way Paula Pant phrases it. You can afford *anything*, you just can't afford *everything*. A lot of FIRE involves making decisions about what *your* priorities are. For some people that's just time to sit and read. For others it might be restoring luxury automobiles. And if you're the person in the latter position, that doesn't mean you can't still pursue FIRE. It just means you have make the choices about just how much of a priority it is and what you're willing to give up for it. + +So, those are a few things that FIRE is not. If you're still confused about it, I would encourage you to take a look at the sidebar and read up on some of the resources there. But I would add one more thing to what you'll find in the sidebar: + +* FIRE **is** personal. It's about pursuing *your* goals and *your* priorities. Not Mr Money Mustache's, or Jacob Lund Fiskar's, or (FIREguy8452 25m | 73% SR | 4.5% FI)'s. Yours. So don't get too caught up in seeing a lot of people talking about how you're "supposed" to approach FIRE. Their road to achieving their goals is not yours, and vice versa. + +Editing to add one because even though nobody's stated it explicitly, I seem to be seeing a lot of responses that assume it: + +* FIRE **does not** require that you make a 6 figure income. One of the casualties of the focus on super high savings rates and super short timelines is that it *really* discourages people with low, or even average, incomes from trying to pursue this lifestyle. Plenty of people come around here asking (or maybe not asking, maybe just lurking and wondering to themselves) "ok, I like the sound of this but how do I make it work on $40k a year", only to be met by a chorus of "you're not 'real FIRE' unless you're saving [percentage that would put their expenses below the poverty line]". When in reality they could still make a real impact on their life with a more modest (and yet still several times larger than the national average) savings rate. Ostracizing and excluding these people helps nobody. Not only are they worse off because they didn't get the help they were looking for. But *we* are worse off for losing their perspective too. I can practically guarantee you can learn more from someone making a 15-20%SR work on a teachers' salary than you can from someone making a 70%SR work on a programmer's salary. + +Okay- to make a long story short. + +My Grandparents are in their 70's and are selling the family farm in what will likely be the next year(12 to 18 months) or so and I am mashing the panic button. + +I'm only just about to turn 22, but I want badly to be able to take on the family farm. + +The farm is likely to sell for $750,000, and obviously to make a reasonable down payment I'll need $150,000. + +Is it even possible to make that much money fast? I am extremely tied to the farm and would be devastated if I missed out on it. + +Edit: + +Firstly, I am Canadian + +Okay, so after taking the night to sleep on it and read each and every one of your comments I feel it is the right thing to do to update everyone. + +First and foremost it's clear that I need to speak with my Grandparents. I've put it off because my grandma has health issues and I didn't want to stress them out. But if I want this to happen then I just need to have that conversation. + +My grandfather retired from farming 2 seasons after the harvest of 2019. At this time he is making boat loads of money renting all of that farmable land and his quarter section of cattle land. He sold all of his equipment so I would be starting from scratch on that of things(obviously not a good start either) + +In theory, I could run a cattle and grain operation, as well as make money selling wood from a lot of the forested areas he owns. + +The problem is just about getting started, which is a far cry from being as easy as it was in 1969 on the prairies. + +Overall, this is not just something I want because of emotional and familial reasons. I believe the best way to raise a family is on a farm next to town- which is what this property is. + +HOWEVER, I completely understand that this has about a 1% chance of ever happening for me, and I just need to accept it and move on. It breaks my heart but it is what it is. + +Thank you all for your words of wisdom reality checks, and even insults in some cases. It gave my a wake up call. + +If I pull a rabbit out of a hat and make this dream come true then I'll update everyone again +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. +Hey all! + +Throwaway account just cause. I’m getting hitched soon (36/m) and my wife to be has insisted we get a prenup, which I am totally fine with and understand why people do. + +Her family is very well off and as a result she has many trusts and corps that own income property/apartment buildings in her name. She has a high paying day job now which is very stressful (and she doesn’t really like), so I don’t know how much longer she will be in this field. I make way less than her overall and have no trusts or anything in terms of large inheritance, but do have plans to build up my business and be successful. + +The main factors of the agreement her lawyer drafted so far are to: + +1) Exclude her trust interests and corporate interests from her net family property for the purposes of equalization. + +2) To back out any income from her trust interests and corporate interests from her income for the purposes of calculating her income for spousal support. + +There is also a clause pertaining specifically to me owing her spousal support that states in the case that my income is greater than her “day job” income at the time of separation, then her exclusions will be factored in on the spousal support calculation (so I’m not paying support to her when she’s technically making more than me, just not on “paper”). + +I do have a lawyer looking at this, but I always like to know what others think is fair and what would you do in this situation. What would you do? + +Thanks in advance! + +(Edited: to make more sense on the spousal support clause) +u/letsburn00, u/The_lordofruin, u/phantom_hax0r, u/username-taken82 , u/mcfucking + + You collectively manage a system of 62,000 degenerates and some how found a way of monitoring and maintaining this sub between just the 5 of you. Plus the AutoMod. So sincere hats off to you and congrats on the 1year celebration. + + Rarely though is it seen what tickles your fancy of whats hot and whats not in regards to the plethora of ASX stocks and other "tips" that get mentioned here. + + No doubt through your combing through the mountains of posts daily that you would have made some decisions on stocks mentioned here and I assume already have pre-attained stocks. + + So, out of curiosity and if you would be so kind to share, what stocks have you been in and out of? What sectors or stocks are you looking into, what have you been burned on and where have you made the bags? 💰💰 + + Take this an opportunity to pump your own holdings, as I feel naturally the responsibility you uphold in the sub would usually prevent this. + +And again, thanks for upholding a really enjoyable community and bringing autists together across the country to gamble responsibly 🙌 +⏳**Read Time =** 11.6 minutes + +\--- + +**Disclaimer:** *This is not financial advice. This is independent research. Please do your own research and invest your own way. This is not a prediction about the future stock price - this is my estimate of what the intrinsic value of the business is. I have not written about, or valued, this company previously. I do not own shares in this company.* + +\--- + +**A young, rapidly growing brewer, distiller and bar operator. Can they stay "punk" while attempting to mature and achieve scale?** + +[BrewDog Plc. Logo](https://preview.redd.it/q457ny7otx361.png?width=1024&format=png&auto=webp&s=da34023e662c4153925100a0cf03b9d7ed90d5a9) + +## The Company - [BrewDog Plc.](https://www.brewdog.com/) + +## [BrewDog](https://www.brewdog.com/), founded in 2007 by James Watt and Martin Dickie (who still run the business together and own a combined 46% of the equity), is a Scottish brewer and bar operator. They make and sell their craft beers to both the on and off-trade markets.  + +Despite still having their headquarters in the off-the-beaten-path Ellon, Scotland, they have grown internationally. Mainland Europe now accounts for \~14% of revenues and North America for \~9.8%. But, the UK is still their bread-and-butter with almost ¾ of revenues coming domestically.  + +[BrewDog](https://www.brewdog.com/) rose to prominence on the back of their [original new-world style IPA, Punk](https://www.brewdog.com/uk/punk-ipa-4-x-can). It is still their biggest and best seller and is the top craft beer by sales in the UK. Over the years, [BrewDog](https://www.brewdog.com/) fleshed out their offering with a host of other beers including [Elvis Juice](https://www.brewdog.com/uk/brewdog-elvis-juice-us-4-can), [Dead Pony Club](https://www.brewdog.com/uk/dead-pony-club-4-x-can), [Lost Lager](https://www.brewdog.com/uk/lost-lager-4-x-can) and the alcohol-free beer [Nanny State](https://www.brewdog.com/uk/nanny-state-4-x-cans). The company has more recently begun developing and [producing their own spirits](https://www.brewdog.com/uk/shop/spirits). + +The company has expanded rapidly and consistently over the past 10 years. Topline growth has averaged \~60% p.a. In that time as revenues climbed from £3.3m in 2010 to £214.8m last year. But, this growth hasn’t been cheap. In order to fund this, [investors have ponied-up almost £237.5m in equity through 10 separate funding rounds](https://craft.co/brewdog/funding-rounds). The company also has taken on £123.7m in senior fixed financing obligations - of which leases are far-and-away the vast majority, making up almost £106m, while they also owe £18m in bank loans and non-convertible bonds (paying a 5% cash and 1% beer coupon (!!)).  + +Because breweries and bars take up a lot of physical space, property leases were always going to be the biggest individual part of their asset base. But, the problem is that large fixed costs - the company owes almost £3.7m in annual imputed interest payments on their debt and leases - are difficult to cover for such a young and growing business. These large commitments and the lack of profitability are partly offset by their access to deep pools of diversified capital. As such, we have rated the company’s debt B1/B+ and given them a 32.7% chance of significant financial distress. + +[BrewDog](https://www.brewdog.com/) has a great number of direct and slightly-more-indirect competitors. Their most direct competitors in the UK craft-beer industry are the London-based Beavertown and Camden Town Breweries. More indirectly, though, they are competing with huge multinational brewers such as AB InBev, Diageo, Heineken, Asahi Group and Molson Coors.  + +As the brewing industry has such enormous fixed costs, scaling is the aim of the game. The industry attracts a lot of M&A as the big swallow the small to get bigger and reduce operational leverage. [BrewDog](https://www.brewdog.com/) is now Europe’s largest craft beer brand by revenue (although how can you simultaneously be the biggest and still be craft?), is the UK’s largest craft-beer bar operator, and Punk IPA is the UK’s most bought independent craft beer. + +So far, 2020 has been a challenging year for [BrewDog](https://www.brewdog.com/). During the height of the UK lockdown, James stated that it was “50/50 whether the business could survive” but that “despite the difficulties, we have managed to weather the storm better than expected with very strong grocery sales and very strong online sales compensating for the temporary closures of our bars and the closure of our on-premises wholesale channel. + +In October of this year, the company launched [another equity capital raise for up to £7.5 million worth of New B Shares (with an over-allotment facility for up to an additional £50 million) at a subscription price of £25.15 per New B Share.](https://www.brewdog.com/uk/equityforpunks/tomorrow-raise/welcome) The company currently has 43.79m A Shares, 13.35m B Shares, and 16.16m C Shares outstanding. All share classes have equal voting and distribution rights, except the C shares have an inbuilt liquidation preference attached. They have signalled that their next capital raise will take the form of an IPO. + +\--- + +## 📖 The Story - “Nobody Likes It When You’re 23 & You Still Act Like You’re in Freshman Year” 📖 + +## [BrewDog](https://www.brewdog.com/) is a young, rapidly growing business. They’re moving quickly and trying to remain ‘punk’ while simultaneously attempting to mature and achieve scale. + +The global craft beer market is forecast to be worth $502.9b by 2025 and is growing at 19.9% p.a. **(1)** [**BrewDog**](https://www.brewdog.com/) **is not only growing with this trend but is also expanding into new product lines and additional markets. Continued rapid expansion (new breweries and bars) and the power of their brand and marketing will help the company continue to capture market share albeit at a less break-neck pace than historically.**  + +The company will have problems balancing their obsessively punk and craft identity with the increasing size and scale of the business. **(1) This identity and their branding are what made them special, but it is difficult to maintain this image when you go mainstream.**  + +In addition, international competition will be much more intense than locally where [BrewDog](https://www.brewdog.com/) had some first-mover advantage, used clever branding and a powerful marketing strategy to scale quickly. This will be much more difficult to replicate in other markets where this style has already been done (think of North America), or where local tastes and competition are already ingrained and expert (think of Belgium and Germany).  + +Over time, as the business grows and develops, economies of scale will reduce the amount of operational leverage. **(2) Their planned closed-loop approach to brewing and zero-waste “tomorrow” bars will reduce wasted input costs and byproducts, and boost margins. There will be some downward pressure on pricing from their large competition and the perception shift as their beer becomes mainstream.** The company thinks that their **(2) sustainability strategy could boost demand and pricing power for their beer, but we think this will instead become an industry norm and customer expectation.** + +The company also has larger employee costs than their competition because of novel and attractive policies such as their real living wage, unicorn fund (10% of profits go to employees) and “pawternity” leave (you get a week of paid leave if you adopt a new puppy). **(2) The labour-intensive nature of what they do means labour will always be an outsized cost, but these policies will make it difficult to generate** ***excess*** **profitability.**  + +These opposing forces will balance each other out and we expect the business to eventually achieve **(2) industry average profit margins across both the bar operation and brewing businesses.** + +To continue growing and eventually achieve this scale, the company needs to continue reinvesting substantially. They will continue **(3) opening new breweries, new bars, investing into R&D for new products (spirits, ciders, packaging) and significant CAPEX for backwards integration and driving operational efficiencies through the existing estate - they want to do everything from their own hop-farming to brewing, to bar operations.** There is a very small possibility that [BrewDog](https://www.brewdog.com/) eventually moves to a landlord/franchise-style business model (ala Greene King or Youngs). + +They have **(3) not signalled a desire for getting involved in any other meaningful acquisitions, but these are not totally off the cards.** With that said, they have signalled that their **(3) next capital raise will be through an initial public offering (IPO).**  + +**(4) Marginal investors in the company’s equity are already many and are assumed to be diversified.** Although the illiquidity of the shares *could* attach an additional illiquidity premium to the cost of equity, we have mostly ignored this as the firm’s next move, likely within the next few years, is to become publicly traded, and the already small allotment sizes are conducive to diversifying away idiosyncratic risks.  + +\--- + +## 📝 The Valuation Model Inputs, Summary & Outputs 📝 + +## Inputs & Links To Story + +>**(1) Growth:** New bars and breweries and entering new markets.**(2) Margins:** Scaling-up to eventually reach industry weighted averages.**(3) Reinvestment:** Huge amounts of organic reinvestment required.**(4) Capital Costs:** Increasingly global brewery and bar business with lots of operational leverage. + +## Valuation Model Summary + +[Figure 1: Valuation Model Output Summary Sheet](https://preview.redd.it/vuynl5hstx361.png?width=1456&format=png&auto=webp&s=d66b4b52a11607f523a87a6f01e0619a9ff15ca5) + +## Valuation Model Output: + +>**Estimated Intrinsic Value/Share =** £22.14**Current Asking Price/Share =** £25.15**Price/Value (%) =** 113.6%**Over/Under Valued (%) =** \+13.6% + +\--- + +## Monte-Carlo Simulation & Scenario Testing + +[Monte-Carlo Simulation](https://en.wikipedia.org/wiki/Monte_Carlo_method) is used to model uncertainty. This is done by assuming that the Inputs to the Valuation Model (above) will come from probability distributions around our estimates. Values are then picked randomly from these distributions millions of times, put into the Valuation Model and the intrinsic value re-calculated and recorded each time. + +## Input Distributions For The Valuation Model + +>**(1) Medium-Term Growth Rate ->** [Pert](https://en.wikipedia.org/wiki/PERT_distribution) Distribution**(2) Mature Operating Margin ->** [Uniform](https://en.wikipedia.org/wiki/Continuous_uniform_distribution) Distribution**(4) Cost of Capital ->** [Triangle](https://en.wikipedia.org/wiki/Triangular_distribution) Distribution + +## Output Distribution Of Intrinsic Value/Share + +&#x200B; + +[Figure 2: Monte-Carlo Simulation Output Distribution of Intrinsic Value\/Share](https://preview.redd.it/h89x5ytutx361.png?width=279&format=png&auto=webp&s=5bbd96fc9088e2c446078a6d4d87753795aa21d7) + +In **98%** of scenarios, each share was worth: **£5.81** \- **£43.07**. + +\--- + +## Asking Price & Simulation Rating + +## Monte-Carlo Simulation Rating + +>**Current Asking Price/Share =** [£25.15](https://www.brewdog.com/uk/equityforpunks/tomorrow-raise/welcome)**Estimated Intrinsic Value/Share =** £22.14**Monte-Carlo Price Percentile =** 78th + +In **78%** of scenarios, each share is worth less than the price.In **22%** of scenarios, each share is worth more than the price. + +## Rating: Reduce + +\--- + +**Do you like this content and would like to see more?** +💌Substack = [https://valuabl.substack.com/](https://valuabl.substack.com/) + +**Do you have questions/comments?** +Please keep them specific, constructive and non-hateful. If you DM me, I will reply. + +**Do you disagree with my analysis?** +Let me know why. I am happy to discuss/debate 1-on-1, but being attacked/trolled makes me sad. + +**Do you like this work and would like to see more?** +Let me know in the comments, or send me a DM. + +Peace and love, until next time. +As we know IVZ is a meme with much history in the past threads. Anyone remember the infamous Ripple DD on IVZ? + +Anyway. its a big gamble and big possible resource. So many people have fallen into it explorer hype. . Its a gamble. The question is now? Was Zupa saved or not. + +Drilling is high risk. Yea Mobil was in it years ago and abandoned it. but who knows right? + +In the heart of the gambling den. 🤤🤤🤤🤤🤤🤤🤤🤤 + +[View Poll](https://www.reddit.com/poll/wx3adt) +For the purpose of this question, assume I'm extremely rich. Can I sell my house to someone for just $5 in the state of Ohio? Assume I pay all other fees included and the buyer literally just owes me $5 + +I know this is odd but I'm very curious if I can actually do it. +Thinking of quitting my job. It does not pay well. I don’t get enough hours. It’s demotivating and I feel stagnant. + +Has anyone quit their job to just take a year off not working? What did you do in your time off? Did you have trouble getting another job? + +I’m thinking of living humbly for a year, and doing volunteer work/or a 6 month certificate. + +Also spending time with family more and riding the bike more. And working on improving my physical health. + +Another reason why I want to quit is that I have a 4 week notice period and I’m looking for a new job at present. It seems having a 4 week notice period makes me an unattractive hiring option and makes me feel like I’m trapped. + +However I’m a bit scared that I will also be an unattractive hiring option after taking a year off. + +Any advice/experience with the above appreciated. + +Thanks +Here you'll find, + +- What does beating the market mean? Is it possible? +- Whether one can consistently beat the market - and what it takes + +# Beating the market — what it means + +The phrase *beating the market* can mean different things for different people. The intuitive definition is to earn returns on a portfolio level that consistently beats the market index. However, more people allocate their equity investments in funds managed actively than passively - so it makes sense to see how your returns stack up against that of professional investors, or at-least try to understand how an individual investor has a fighting chance against institutions in the chase for every possible rupee gain. + +## Beating the index + +It's easy to achieve average market performance, one simply needs to *buy the market* through a low cost index or exchange trading fund - and there's nothing wrong with aiming to get what is known as market returns; between February 2000 to 2020, over a 20 year period, Nifty Total Return Index returned a compounded annualized growth rate of 14.3% per year, comfortably beating inflation. + +If **efficient market hypothesis** is to be believed, stock prices reflect consensus view of all publicly available information that can have a material impact on the price action of the stock. However, that doesn't render the exercise of finding mismatches between price and intrinsic value of a stock ineffectual. Instead, it involves finding instances where the consensus view of the market is itself inaccurate, thus creating an opportunity to make money from the difference. + +So, if an analytical mind is willing to invest time and effort in pursuit of such mismatches, earning profits higher than the market returns is possible, and can be a great tool to create wealth for goals. + +## Beating professional investors + +There are several logical, financial, and regulatory obstructions that a professional investor has to face, which makes the prospects of beating them higher. Some are, + +- The account size of professional investors is such that any meaningful investment in a midcap or smallcap stock has an impact on its price. And so, they're constrained with a limited universe of companies to pick from. +- Professional investors are bound by the mandate of the fund they manage, and so any investment that falls outside of this mandate is out of the question, further constraining the universe of companies to invest in. +- Like an individual investors, the performance of a professional investor is compared to market returns. However, unlike an individual investor, a professional investor can't pragmatically afford to underperform the market for a long duration at the risk of losing their clients. To a professional investor, this is known as *benchmark risk,* and the only way to keep up for them is to imitate an index once a reasonable alpha is generated. Once this happens, the professional investor generally tends to stop caring about additional returns, and rather focuses on averting losses that could cost them their jobs. +- Most professional investors lean towards having a diversified portfolio as a consequence of avoiding these risks, and thus outperforming the market with such diversification is relatively improbable compared to a curated portfolio maintained by an individual investor. + +### Is beating the market the only goal in stock picking? + +It is worth noting that the exercise of comparing an individual investor's returns against that of the market, and that of professional investors is relative in nature. However, picking stocks should encompass more than that. Critics would be correct to note that majority of individual investors beating the market luck out on taking incremental risks that they don't necessarily know or acknowledge. As Seth Klerman notes in his annotation in Howard Marks' *The Most Important Thing —* + +> "Beating the market matters, but limiting risk matters just as much. Ultimately, investors have to ask themselves whether they are interested in relative or absolute returns. Losing 45 percent while the market drops 50 percent qualifies as market outperformance, but what a pyrrhic victory this would be for most of us." + +An argument can be made that another upside to the exercise of stock picking is that if it is done correctly, the comprehension of risks associated with the equity you hold is higher than when investing in a fund — active or passive. The reason is simple: it takes less time and effort to keep track of stocks in the individual investor's concentrated portfolio than stocks in a diversified equity fund. + +# Can you beat the market? + +Establishing the possibility of beating the market is kaput if one doesn't acknowledge what it takes to do it consistently — a brutal cocktail of time, effort, discipline, conviction, contrarianism, and an investment philosophy to invest the time, effort, discipline, and conviction in. + +## Sticking to an investment philosophy + +An investment philosophy can be thought of as a construct of mental models upon which the investor builds his portfolio upon. If the universe of stocks under the investor's circle of competence is chaos - an unexplored territory of potential, the investor mines out order from this chaos in the form of a portfolio, using mental models as stencils. The lack of having an investment philosophy generally results in owning stocks that are not a perfect fit for the portfolio. As Chuck Palahniuk writes in his book, + +> 'If you don't know what you want, you end up with a lot you don't.' + +So, mental models help investors validate their strategy by providing a confined framework, and an investment philosophy is a set of mental models that the investor follows. Luckily, mental models in stock picking have been figured out to a large extent (such as momentum, growth, low multiples, and value investing), one simply needs to recognize, study, and implement them. + +## Second level thinking — having an *'edge'* + +For all intents and purposes, every investor (professional and individual) competes in pursuit of profits in any asset working with the same information available in the public forum. The consensus on the impact of this information is what establishes the stock price in the short run, and so if your view aligns with that of the majority, it makes sense that you'll largely make market returns - every investor can't beat the market as together they are the market. To get extraordinary returns, you need to have an extraordinary perspective. This is what Howard Marks calls *second level thinking*, Ben Graham calls *trace of wisdom*, and Warren Buffett & Charlie Munger calls *having an edge.* + +This is not to say the consensus view of information is always wrong, in all likeliness millions of other investors may be smarter and more knowledgeable than you. The idea is to find instances where the individual investor can use contrarian insight that the market isn't reflecting, and it has to be accurate, or at-least *more correct* than the consensus view. + +To quote Howard Marks' *The Most Important Thing,* + +> Only if your behavior is unconventional is your performance likely to be unconventional, and only if your judgments are superior is your performance likely to be above average. For your performance to diverge from the norm, your expectations— and thus your portfolio—have to diverge from the norm, and you have to be more right than the consensus. Different and better: that’s a pretty good description of second-level thinking. + +Marks also proceeds to provide a framework, a set of questions that an investor must ask when working with contrarian thinking, + +- What is the range of likely future outcomes? +- Which outcome do I think will occur? +- What’s the probability I’m right? +- What does the consensus think? +- How does my expectation differ from the consensus? +- How does the current price for the asset comport with the consensus view of the future, and with mine? +- Is the consensus psychology that’s incorporated in the price too bullish or bearish? +- What will happen to the asset’s price if the consensus turns out to be right, and what if I’m right? + +To sum it up, holding consensus view on any material information comes naturally to us — specially if an investor relies on financial news channels or social media to acquire information; but that's not how above average returns can be achieved, by definition consensus views largely yields market return. The ability to accurately spot market inefficiencies requires *an edge.* + +## Reading it all + +Taking the time and effort to read annual reports, brokerage reports, primers, conference call transcripts, and various other filings are all part of what an investors signs up for while performing due diligence for a company. Skim, and you may miss what disproves your investment thesis, which is perhaps ond of the major reasons for higher churn rates in an individual investor's portfolio. + +When asked on how to make smart investments, Warren Buffett said, + +> “Read 500 pages like this every week. That’s how knowledge builds up, like compound interest.” + +To beat the market, you need to bring what's needed to be a succesful investor, and that means sacrificing a lot of time and effort that could have been used elsewhere, like your day job. **At some point, an investor needs to decide whether the cost of time and effort exceeds the benefit of outperformance in his/her stock picking journey.** + +## Conviction and patience is everything + +Having an accurate non-consensus view will only get you as far as your conviction on the investment thesis goes. Remember, the market can stay irrational for long durations of time. As Sanjay Bakshi notes in his apparance in an episode of the We Study Billionaires podcast, unlike many other professions, an investor rarely receives an immediate feedback on his operations. Sometimes it takes years for the market to catch up to intrinsic value of an asset, and so it is hard to separate luck from genuine success — so hold on to the underlying process rather than focusing on the outcome. A good handle on your conviction helps you to hang in until other investors catch up on the market's inefficiencies. On this subject, Joel Greenblatt annotates on *The Most Important Thing,* + +> I always tell my students, “If you do a good job valuing a stock, I guarantee that the market will agree with you.” I just don’t tell them when. It could be weeks or years. + +Another thing to note is an investor should never rely on borrowed conviction, primarily because it's never enough to hold on to. If you don't do your own research, and rather rely on someone else's, the conviction tends to be weak, and so emotions act up, and exit plans are broken before the thesis fully appreciates. The other reason is that you have to rely on the goodwill of the researcher, as they may not warn you if something disproves their thesis. + +### Investing can't be perfectly routinized + +As Howard Marks notes in *The Most Important Thing,* investing is more art than science — in the sense that past results can't be relied upon with confidence, the cause and effect relationships can't be depended upon. And so, investing can't be routinized. An investor must be able to adapt to changes in the market dynamics to consistently outperform the market. + +# Conclusion + +To sum it up, an individual investor needs to invest time and effort, have a capability to think on a higher level than the consensus view, adapt to changes in market dynamics, and have the capacity for patience and conviction to consistently beat the market. + +# References/Further Reading + +- [Howard Marks -- The Most Important Thing (Illuminated Edition)](https://www.amazon.in/Most-Important-Thing-Illuminated-Thoughtful/dp/0231162847) +- [Joel Greenblatt -- You Can Be a Stock Market Genius](https://www.amazon.in/You-Can-Stock-Market-Genius/dp/0684840073) +- [Sanjay Bakshi's episode on The Investor's Podcast's We Study Billionaires](https://www.youtube.com/watch?v=INBzOkTZEIw&t=384s) +- [Joel Greenblatt -- The Little Book That Beats the Market](https://www.amazon.in/Little-Beats-Market-Books-Profits/dp/0471733067) +Hi everyone, + +A family member would like to exchange a big amount of USD to EUR and I’d love to hear which suggestions would you have to minimize loses on this transaction. + +I was thinking that might be a good option to use transferwise/wise. + +What do you reckon? + +Thanks! +Alright, so Mods decided it would be best for the Sub to be represented on Twitter. What does the Community think about this? + +[https://twitter.com/rSuperstonk](https://twitter.com/rSuperstonk) + +I personally think this is primed for desaster, for now there are multiple Persons (at worst one individual) that can be contacted directly and openly on Twitter. We will never see the DM‘s that are written on those accounts. Also I remember having this discussion long time ago to NOT respond to media, let alone create an „official“ account. + +Highly suspicious and not even once Mods considered asking the sub. + +I want to know who is responsible for creating this account. + +Here's the recent comment from u/half_dane that this is true. + +[https://www.reddit.com/r/Superstonk/comments/tqr4ax/wtf\_is\_this/i2j9wy7/?context=3](https://www.reddit.com/r/Superstonk/comments/tqr4ax/wtf_is_this/i2j9wy7/?context=3) + +edit: put in the link + +edit2: since some of y'all declared this as FUD. I posted the comment from mods. +This is apparently a new thing, so it’s good to check in and see if they’re adding services. The Mütter museum in Philadelphia is cool but tickets cost $20 per person. Meanwhile I can “check out” a free pass for two people at 3 different libraries near me! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +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. +The old Wall Street adage is to "sell high." Tesla did just that. + +A week ago, Tesla announced it would sell $5 billion worth of stock at market prices "from time to time." Tuesday it announced it had completed that sale as of Friday. + +The exact number of shares sold, and thus the average price of each sale, was not disclosed. Tesla shares have fallen sharply in the recent sell-off of tech stocks. Shares reached a split-adjusted record high close of $498.32 on August 31, but have lost 16% of their value since then through Friday's close. And shares were down another 11% in pre-market trading even before the Tuesday's filing. + + +The sell-off could be because Tesla was not added to the S&P 500 index, as many investors were expecting would happen, given its market value and recent record of sustained profitability. Being added to the S&amp;amp;P would have forced additional purchases by fund managers whose holders must mirror the blue chip index. + +Shares of Tesla are still up about 400% since the start of the year, even with last week's sell-off. + +The sale of stock is the second such offering Tesla has done this year to take advantage of the skyrocketing stock price. In February the company raised $2.3 billion through the sale of 3 billion shares. Adjusted for the recent split, that stock sale was at an average price of $151.60 a share. + +CEO Elon Musk dismissed the idea of the need for sales of additional shares when asked about it by analysts in January. + +“We're actually spending money as quickly as we can spend it sensibly," Musk said on a January 29 call, when the company posted its first annual profit. "There is no artificial hold back on expenditures ... So in light of that, it doesn't make sense to raise money." + +But soon thereafter Tesla decided it didn't make sense to not take advantage of its climbing share price. And if it turns out that its shares hit a peak last week that it might not reach again for a little while, then Tesla apparently sold additional shares at close to that high point. + + +https://www.google.com/amp/s/amp.cnn.com/cnn/2020/09/08/business/tesla-stock-sale/index.html +This is a followup to this post : + +[https://old.reddit.com/r/financialindependence/comments/cdhsr5/being\_retired\_while\_my\_future\_spouse\_works\_toward/](https://old.reddit.com/r/financialindependence/comments/cdhsr5/being_retired_while_my_future_spouse_works_toward/) + +&#x200B; + +I intentionally made a throwaway as I did not want to give too many details about myself or my fiance but based on the responses to the post and how it blew up I thought this sub might benefit from getting some perspective. + +&#x200B; + +Thanks for all the response some were very helpful & positive, some were unfortunately unsurprisingly misogynistic, but the reason I am writing this follow up is to give some perspective to the people that were so quick to judge based on the sole fact of someone being 35 having a 1.5MM net worth vs 0 net worth. Many people couldn't even understand how someone could be 35 and have no net worth. This story will have 2 parts mine, the diligent saver, and my fiancee's the apparently financially irresponsible, party girl. + +&#x200B; + +I am a first generation Canadian born to working middle class immigrant parents who provided me with a life with basically no wants.While at university I was lucky enough to have a friend to introduce me to FI as a concept and that is when I began planning to RE. When I graduated I had about 40k in loans, I lived with my parents for 2 years while I paid off my loans until I moved out. During this time, my father became ill and was in and out of hospitals for about a year. Thankfully since we had universal healthcare the only turmoil we as a family suffered was emotional. Shortly after my father's recovery I moved abroad, worked in a country with minimal income tax (below 10%), was paid a salary in USD (yay for the USD to CAD exchange rate), had my housing covered by my employer, and I quickly accumulated the bulk of my net worth. This resulted in having a 1.5MM NW at age 35. + +&#x200B; + +My fiancee is a first generation American born to a poorer pair of immigrant parents. She too went to university and accumulated some student loans (about 25k) but fewer than me thanks to her scholarships. She was working towards her CPA when her father became ill. Her father had a neurological event that caused him to require a permanent caregiver, his mental faculties were severely compromised and he could basically no longer function on his own. He required multiple operations, months of rehab and a part time caregiver for when his wife, or one of his 2 daughters could not be at home. Since my fiancee is American her family was saddled with 6 figure medical debt. In addition to this my fiancee stalled her career as well. While nobody would think to fire someone due to their family going through a terrible time, my fiancee did have to work closer to a 9-5 (in order to be there for her father) at an accounting firm. This would severely limit any opportunities at promotions as any accountants can vouch during the busy season you basically live at the office in your early career and nobody wants a higher up who isn't willing to commit to the company. A few years ago her father passed and the final financial death knell to my fiancee's net worth was dealt with funeral costs. This is on top of all the years of hardship and emotional turmoil she has gone through. Now that my fiancee has had time to come to terms with the loss of her father she has been able to make great strides in her career, able to move up in a different firm and has significantly increased her salary as well. She was able to slowly pay off her family's debts and become debt free with a net worth of 0, this was also while helping take care of her mother and younger sister. + +&#x200B; + +Why am I telling you all of this? In the comments of my original post I was lauded as a financially responsible FIRE focused individual when my only real obstacles were student loans and the emotional struggle of my father's illness. I started FI at 3rd base and was congratulated for running to home and reaching RE. My fiancee was labeled irresponsible, a party girl, and worse. In reality, she had to climb through the minors and reach the majors to just have a chance at bat for FIRE. + +&#x200B; + +I was and am incredibly lucky, had my country not had universal healthcare, had I not met my friend to introduce me to FIRE so early in life, had I been limited in where I could go to further my career I would not have reached FIRE so quickly. + +&#x200B; + +This sub is one of the most privileged I have ever seen and I do not say this in a bad way. I suspect many of the people who could not understand how an individual can have a low net worth at 35, have most likely led a relatively privileged life as I have. I recommend before we judge anyone based solely for having a low net worth, we may want to realize that not everyone is lucky enough to have a high paying career, low expenses or even basic physical health. Hopefully this post provides some perspective for those who think they can infer all they need to know about a person based only on their financial situation. + +&#x200B; + +This will most likely be my final post on this account so I wish all of you the best on your own FIRE journeys. + +&#x200B; + +P.S. u/[**Oax\_Mike**](https://old.reddit.com/user/Oax_Mike) I'm not sure if it was your positive attitude, your willingness to tell a truth that I may not have wanted to hear or just your ludicrous ideas at a side gig but just know that your outlook and advice was much appreciated. That is in addition to my gratitude to everyone who offered their advice and experiences whether I agreed with them or not. + +&#x200B; + +EDIT: I noticed in the comments people are wondering what I ended up deciding. I am leaning towards the side gig but to be honest, deciding to rejoin the work force (even on a part time/freelancing basis) is a major decision that I cannot quickly and impulsively make. +Not including mega back door Roth. + +For me I am making six figures and maxing my 401k match, Roth IRA, and HSA but I feel so far away from being able to max my 401k! Especially a mega back door Roth. + +I’m a single guy in my early 20s, I can’t even imagine being able to once I have kids unless I make mid six figs + +Edit: everyone is making me realize it may be possible for me to max everything already?? I’m going to deep dive into my finances later and reevaluate. +Recently joined the company and working on the portfolio page which shows your stocks, mutual funds, bonds, etc holdings. + +I’m aiming to design this page as clear and simple to the user as possible. But I also want to provide good infographics and value so that the user can make an informed decision. + +Some questions: +-What would you like to see in your portfolio page? + +-Which apps do you guys consider has the best portfolio view? +I am in my last year of training as an emergency medicine resident living in a big Midwest city. I have about $80,000 of student debt from undergrad and $230,000 of student debt from medical school (interest rates ranging from 3.4% to 6.8%). I went to med school straight after undergrad and started residency right after med school. + +Resident salary for the past 3.5 years was about $50,000 (working close to 75 hours per week) so I was only able to make close to minimum payments. Since interest has been accruing while I was in medical school and residency, I have not even begun to dig into the principal debt. Thankfully, I just accepted an offer as an emergency physician with a starting salary of $230,000. + +I'm having trouble coming up with a plan to start paying back my debt as I also want to get married soon (fiance is a public school teacher) and I will need to help my parents financially (immigrant parents struggling to stay afloat). + +Honestly, I'm scared to live frugally for the next 5 or so years because I feel like I've missed out so much during my life already (30 years old, haven't traveled anywhere, been driving a clunker, never owned anything, never been able to really help my parents who risked their lives to come to this country so I can have a better life). And after being around sick people (young and old) during the past 8 years my biggest fear in life is dying or getting sick before being able to enjoy the world. I am scared to wait until I'm in my mid 30s to start having fun and enjoying my life. + +What should I plan to do in the next couple year? Pay most of the debt and save on interest or make standard payments and start doing the things that I really want to do? Somewhere in the middle? Any advice would be appreciated. +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! + +Wife and I want to save to buy a new house in 5 years. Got 25k in cash to invest. + +What's my best ETFs to buy? + +I'm thinking VT so far + +FYI: I'm using Robinhood +I don't know what else to say about this, other than I'm glad I don't live in Canada... + +[https://www.surreynowleader.com/news/surrey-landlord-must-pay-aboriginal-former-tenant-23300-for-not-letting-her-smudge/](https://www.surreynowleader.com/news/surrey-landlord-must-pay-aboriginal-former-tenant-23300-for-not-letting-her-smudge/) + +I don't know if "Human Rights Tribunal" decision is legally binding in Canada or if there is an appeals process? + [Third member of prestigious FDA panel resigns over approval of Biogen's Alzheimer's drug (cnbc.com)](https://www.cnbc.com/2021/06/10/third-member-of-prestigious-fda-panel-resigns-over-approval-of-biogens-alzheimers-drug.html) + +**PUBLISHED THU, JUN 10 2021 5:14 PM EDT UPDATED THU, JUN 10 2021 7:04 PM EDT** + +[**Berkeley Lovelace Jr.**](https://www.cnbc.com/berkeley-lovelace-jr/)[**@BERKELEYJR**](https://twitter.com/BerkeleyJr) + + **KEY POINTS** + +* **A third member of a key Food and Drug Administration advisory panel has resigned over the agency’s controversial decision to approve Biogen’s new Alzheimer’s drug, Aduhelm, CNBC has learned.** +* **Dr. Aaron Kesselheim, a professor of medicine at Harvard Medical School, said the agency’s decision on Biogen “was probably the worst drug approval decision in recent U.S. history,” according to his resignation letter obtained by CNBC.** + +A third member of a key Food and Drug Administration advisory panel has resigned over the agency’s controversial decision to approve [Biogen](https://www.cnbc.com/quotes/BIIB)’s new Alzheimer’s drug, Aduhelm, CNBC has learned. + +Dr. Aaron Kesselheim, a professor of medicine at Harvard Medical School, said the agency’s decision on Biogen “was probably the worst drug approval decision in recent U.S. history,” according to his resignation letter obtained by CNBC. + +“At the last minute, the agency switched its review to the Accelerated Approval pathway based on the debatable premise that the drug’s effect on brain amyloid was likely to help patients with Alzheimer’s disease,” he wrote in resigning from the FDA’s Peripheral and Central Nervous System Advisory Committee. + +He wrote it was “clear” to him that the agency is not “presently capable of adequately integrating the Committee’s scientific recommendations into its approval decisions.” + +“This will undermine the care of these patients, public trust in the FDA, the pursuit of useful therapeutic innovation, and the affordability of the health care system,” he said. + +Shares of Biogen surged 38% on Monday after the FDA approved the [biotech company’s drug](https://www.cnbc.com/2021/06/07/biogen-ceo-says-56000-annually-for-alzheimers-drug-is-fair-promises-not-to-hike-price-for-at-least-4-years.html), the first medication cleared by U.S. regulators to slow cognitive decline in people living with Alzheimer’s and the first new medicine for the disease in nearly two decades. + +Biogen’s drug targets a “sticky” compound in the brain known as beta-amyloid, which scientists expect plays a role in the devastating disease.  + +The FDA approved the drug under a program called accelerated approval, which is usually used for cancer medications, expecting the drug would slow the cognitive decline in Alzheimer’s patients. The agency granted approval on the condition that Biogen conducts another clinical trial. + +The agency’s decision was a departure from the advice of its independent panel of outside experts, [who unexpectedly declined to endorse](https://www.cnbc.com/2020/11/06/biogen-suffers-setback-after-alzheimers-drug-fails-to-win-support-from-fda-panel-.html) the drug last fall, citing unconvincing data. At the time, the panel also criticized agency staff for what it called an overly positive review of the data. + +At least two other FDA panel members have resigned as a result of the agency’s decision on the drug. Mayo Clinic neurologist Dr. David Knopman and Washington University neurologist Dr. Joel Perlmutter have also submitted resignation letters. + +“I was very disappointed at how the advisory committee input was treated by the FDA,” Knopman told Reuters. “I don’t wish to be put in a position like this again.” + +Federal regulators have faced intense pressure from friends and family members of Alzheimer’s patients asking to fast-track the drug, scientifically known as aducanumab, but the road to regulatory approval has been a controversial one since it showed promise in 2016. + +In March 2019, Biogen pulled development of the drug after an analysis from an independent group revealed it was unlikely to work. The company then shocked investors several months later by announcing it would seek regulatory approval for the drug after all. + +When Biogen sought approval for the drug in late 2019, its scientists said a new analysis of a larger dataset showed aducanumab “reduced clinical decline in patients with early Alzheimer’s disease.” + +Alzheimer’s experts and Wall Street analysts were immediately skeptical, with some wondering whether the clinical trial data was enough to prove the drug works and whether approval could make it harder for other companies to enroll patients in their own drug trials. + +Some doctors [have said they won’t prescribe](https://www.cnbc.com/video/2021/06/02/alzheimers-community-awaits-fda-vote-on-biogens-aducanumab.html) aducanumab because of the mixed data package supporting the company’s application. + +*– Reuters contributed to this report.* +Now before I get destroyed in the comments let me break it down. + +I’ve recently got back into gym and I’m trying to gain weight. In order to do so I need to be eating around 12,500KJ a day. I’m 21M, 5’5 & 69Kg for reference. + +Heres a break down of my bare minimum food for the day: + +Breakfast: High Protein Yogurt - $2.50 + +Snack: 120 Grams of Cashews - $2 + +Lunch: 3x Cans of Tuna - $6 + +Dinner: Muscle Chef Meal - $12 + +Snacks: $5 + +Daily Cost - $27.5 + +Weekly Cost - $192.5 + +This is not even including protein shakes, creatine, pre workout or even essential groceries like soap, deodorant etc. + +So how are people claiming to live on $100 a week on their entire grocery expenditure? + +Am I spending too much? Where can I cut back? + +I understand that if I cook my own meals in bulk, I can eliminate the need for a $12 meal each day but I’m not a very time rich individual. How much would I even save doing this? + +I’ve been reviewing my expenses and food seems to be the last gategory that I can cut down on. But after doing the numbers and that I don’t want to have a diet living on noodles, I seems harder than I thought. + +So roast me down below or provide some genuine feedback. It would be much appreciated. + +TLDR: Food Costs Money + +EDIT: + +Thanks for all the help guys! Over 300 Comments already! + +However to address some of the concerns and to provide further clarification: + +BREAKFAST: +A lot of people are wondering how I spend $2.50 on yogurt. I buy the large YoPro Tubs that are about $6.70 and eat nearly half a tub to maybe 1/3. However I tend to add muesli, Berries and protein powder aswell. This obviously makes this breakfast a lot more expensive than $2.50. Only way to make this less would be to swap to something else entirely. + +DINNER: +This is the CLEAR way to reduce my meal expenses. MEAL PREP. Would save lots of money here. Thanks for all the suggestions guys. + +LUNCH: +Carries into the previous point. MEAL PREP would save money here and would rid me of my Mercury. + +“SNACKS” +Some of you couldn’t fathom spending $5 on snacks throughout the day. My snacks are Jerky, cheese, Fruit, Nuts, Deli Meat, Protein Bars etc. I try to eat healthy. $5 is super conservative when eating these kinds of foods and I would honestly spend more. + +VERDICT: +I’m going to learn how to cook and learn how to create bulk foods for meal prep. Not only to save money, but to learn an important skill. I’m not going to cut out eating the foods I enjoy. Like jerky, nuts, fruit etc. I earn enough money to the point I just bought whatever I felt like. But I think this reddit has made me realise the balance I’m after and what the right decision is for me to do. + +Thanks Everyone! +Good morning! + +TADR: [computershared.net](https://computershared.net) estimates 92.11 shares per account. It's probably closer to 90.5, and DRS Total is probably 14.8MM. + +&#x200B; + +Recently, I introduced a 180 day rolling window to [computershared.net](https://computershared.net)'s predictions. Learn more [here](https://www.reddit.com/r/Superstonk/comments/v4rvb3/proposal_to_introduce_a_180_day_rolling_window_to/) if you missed it. The rolling window went into effect 3/14/22 and since then, the trimmed average has been increasing at an alarming rate. + +https://preview.redd.it/qhgcqdofy5991.png?width=1052&format=png&auto=webp&s=e4a0b970a5bb07947ab93f4358b84c2034f0720f + +There are two components of the estimate, the account high score and the trimmed average. Lately, the account high score has stagnated, but the estimates keep going up... + +https://preview.redd.it/urk8h1e1y5991.png?width=1094&format=png&auto=webp&s=227729e3aab03051e01e1f45e73daf57d7f30cb2 + +But who's to say if this is right or wrong? Maybe Apes really are just growing their existing computershare accounts and have collectively added 20 shares per account since January... + +&#x200B; + +Well... I can test that. I quietly added a feature to [computershared.net](https://computershared.net) a few months ago, put it at the bottom of the page. It's weekly account growth... which is another way of saying "The week of 1/2/2022, sampled Computershare accounts collectively grew by 2%" + +https://preview.redd.it/yor07c1606991.png?width=1070&format=png&auto=webp&s=763cc5594921b6137c28fd655d35dd6d3ad8ccc3 + +Additionally, with the Gamestop filings, we know exactly what the average shares per account is on those dates: + +10/30/21 - 71.23 shares/account + +1/29/22 - 74.79 shares/account + +4/30/22 - 84.11 shares/account + +&#x200B; + +Using these two data points (growth and actuals), we can make another prediction. + +https://preview.redd.it/unqc9ez626991.png?width=353&format=png&auto=webp&s=97e5ba16797a7f912d0d582c18ec41e87d72ac00 + +If the current average per account is 90.5, the total DRS is 14,887,000... not 15,152,000. The two predictions should validate each other, but they don't. + +&#x200B; + +I'm going to push out a change to [computershared.net](https://computershared.net) to add the statistics chart (it used to be there, but people didn't like it lol "too noisy") so that we can better track this trend. + +&#x200B; + +That's all folks! Have a great weekend everyone! +# Greetings Traders ! + +As always DYOR & NFA + +**$CUPCAKE** is an Automated 🥞 **$CAKE** rewarding Token! +By holding 200,000 Tokens you recieve a part of the 7% Reward from the Tax + +This Token has the best Transparent Team and a Funny Community +It's main Goal is to give Back and thats why $CUPCAKE is doing BIG Giveaways with each Marketcap Milestone ! Stuff like Vespa / High End Gaming PC / 50 IPHONES / a Rolex / Tesla / Lambo & 750K $ in CAKE thats a Retirement plan !!! +They even have a CandyCrush alike Game where you can WIN 🥞 $CAKE when you reach the Top 3 on the Leaderboard! +So far over + +**!!!!It's fully Audited by Techrate** | [TechRate Audit](https://twitter.com/TechRate1/status/1421224041524994054) | + + +**🧁BIG Youtube & TIKTOK Contest!** + + +* We are happy to share our next creative Contest. Post a Video on YouTube or TIKTOK about Cupcakecoin. +You can post for example a „How to buy“, Meme-Video, how u playing Cupcake Smash, tell about Muchiee App, a video showing you baking some cupcakes… just be creative +* 3600$ In Total are given out to the Winners + +* Rules + + +1. Follow Cupcakecoin on Twitter & Join the Telegram +2. Hold at least 1,000,000 Cupcakecoins +3. Post a Video on TIKTOK or Youtube about CupCakeCoin & Share link in the comments of the Giveaway Tweet + + +End 15/09/2021 - 6pm UTC + + +**🧁The Icing** + + +* Marketing is in Progress +* CG Applied and will be listed soon +* CMC also applied and will be listed once over 2500 Holders !!! +* Big Giveaways +* Day 1 already Partnerd with Shibance +* Creating a Food Delivery App +* More Games in Development +* Cupcake Smash Game (Like CandyCrush) with Weekly winnings of the Top 3 Highscorers in $CAKE +So far over 100 Cake was already Paid to Winners +* soon more to reveal! + + +**🧁The Ingredients** + + +* Total Supply: 100,000,000,000 +* Team/Partner: Allocation (8%) Locked for a Month but they Diamond Hand +* Tokens for Pancake Listing 92,000,000,000 (92%) +* Liquidity Locked: 100% - Unlock period: 1 Year + +&#x200B; + +**🧁Tokenomics** + + +* 15% Tax Total +* 7% CAKE is redistributed to holders +* 3% goes to the Mixture in the form of Liquidity +* 5% Cake is allocated to the shop's buy back / marketing wallet + +&#x200B; + +**🧁$CUPCAKE is a** +Hold and Earn Sweet 🥞 **CAKE reflections** +**BUY HODL EARN & WIN** + +&#x200B; + +NFA&DYOR + +TG = [https://t.me/cupcakecoin\_io](https://t.me/cupcakecoin_io) + +Website = [https://cupcakecoin.io/](https://cupcakecoin.io/) + +Contract = 0x5d74b0f8c474f96e093c70b507452399573cff73 + +All the hard work has been paid off. Our DEVS, the two Dutch brothers are already legends in the community. They worked their **SS off in the last 3 days. After a fenomenal launch🚀, an epic first 24 hours we are very grateful to our strong community. We are easily on point with our roadmap. And preparing us for the next big step >1000 HOLDERS which is absolutely AMAZING🔥 . + +Join in and help our community grow step by step. We do not aim to be the fastest player in town. But instead the most sustainable. FULL DISCLOSURE. Therefore creating a strong and organic community is much more worth to us. + +🏆 Great team effort, many holders!! +💰 MC keeps testing the milly!! +🐳 Max transaction set (anti-whales) +✅ Ownership renounced +🤝 Team Doxxed +🏦 Tax on every transaction hodlers will be rewarded big time – 100% transparent + +WANT TO ENGAGE??? + +📄 Website: https://stealth-protocol.com/ +💬 Chat with us on Telegram: https://t.me/stealthprotocol + +📈 Chart: https://charts.bogged.finance/?token=0x60AF9254e370a86428Ba2045af6cd91984b8545c + +🥞 Buy us on PancakeSwap (V2) - 12% Slippage: +https://exchange.pancakeswap.finance/#/swapoutputCurrency=0x60AF9254e370a86428Ba2045af6cd9 +Let's assume that the majority of a country (everyone except the richest 5%) decide to do something funny with the national currency. Say, induce a hyperinflation. They are totally organized and agree to follow a single plan (my second unrealistic assumption). Will they be able to do that? What do they have to do? The richest 5% don't intervene and keep doing whatever they've been doing. +So my wife was parked on the street and our neighbor across the street was backing out of their driveway when they backed into my wife's car. There's a decent bend on the left side bumper and around the gas tank opening. We only have plpd on our cars (2002 honda civic) but our insurance agent said their car insurance should cover the whole thing since the car was parked and no one was driving, so its considered property damage. Come to find out, they didn't pay their car insurance this month and so there is a lapse in their coverage. + +They kept giving us this sob story about how they are struggling financially, we feel bad since its an old car but we feel they need to cover the damage. What's the best route to take? +There are some individuals, such as Ray Dalio, Howard Marks, Jeremy Grantham, and Mohnish Pabrai, that are frequently quoted and interviewed, both in main-stream and social media. + +Do you happen to know what the investing track record of these gentlemen is? How long have they outperformed the market for? Anyone knows? +So Shitadel and others had non public information pertaining to positions moving to close only and they continued to trade (Short) in these securities? SEC is in total violation of their fidicuary duties. It's been this was since Madoff was running his ponzi. + +IMAGINE knowing that one side of a trade is going to be blocked for over a week lmao. Lets say they blocked selling instead. These crooks would be bankrupt within a few days. However, they chose to block buying in these securities while Shitadel and friends continued "Providing liquidity" LMAYO. The financial damage and losses retail suffered should make this a god damn RICO indictment for all these crooks. + +We have known these things since January. Nothing new here and the crime will continue........ I mean the conspiracy theories will continue LMAO. +A FULLY DECENTRALIZED exchange for sports bets! + + +**We raised 1500 BNB in under 24H and now brace yourselves for the PancakeSwap launch.** + + +Contract Adress: 0x1042aA383CAb145dc77121ca75650804A5c134ff +Decimals: 18 +Ticker: AGGL + + +[**aggle.io**](https://aggle.io/) aims to be the largest sports bet and quota provider in the world. + +We are growing into a big community involving sports fans of **soccer, basketball, baseball, football, cricket, and many more**. + +A community of **crypto fans and gamers** where people can connect with each other, matching everyone’s quotas and earn more money than any other existing platform would allow for. + +📍 [**aggle.io**](https://aggle.io/) has already launched a fully functional prototype, where you can already create your own or buy somebody else’s quotas already today. + +📍 Try it for free on [**https://app.aggle.io/**](https://app.aggle.io/) and try creating your own odds on the BNB Testnet absolutely for free (Team support can provide free test BNB). + +Links down below, there are Youtube tutorials on how to create an account, how to get test BNB and how to create your own bet. It is very easy - just watch our videos or contact support if you have any questions. + +[**aggle.io**](https://aggle.io/) will soon launch its token $AGGL on Pinksale, whereby 80% of funds raised will be added to the liquidity pool. + +The remainder will only be invested into acquiring licenses as well as setting up and marketing the productive company. + +[**aggle.io**](https://aggle.io/) **will never use this pool for selling their tokens.** + +**✅ Check out our tutorials on how to use** [**aggle.io**](https://aggle.io/) + +[https://www.youtube.com/c/aggle\_io](https://www.youtube.com/c/aggle_io) + +**📜 Weekly AMAs, so follow us on social media:** + +[https://linktr.ee/aggle.io](https://linktr.ee/aggle.io) + +**💎 Use Case 💎** + +Existing sports betting providers demand high profit margins in their quotas. The team behind [aggle.io](https://aggle.io/) has created a unique system in which everyone can become a bookmaker. Therefore, bookies compete with each other: This ultimately drives down their margins, leading to higher odds overall (sure bets are possible). + +The platform is developed: Back in May 2021 we started a testrun of our page [app.aggle.io](https://app.aggle.io/). According to Google Analytics, we had 5000 visitors, roughly 250 of which have participated as bookmakers. This was extremely important for us to see if our project has actual market demand. And it has. The test run was very well received. Our platform can still be used if you want to try it out. All you need is Ropsten Testether. Just take a look at our tutorials, they are linked below. + +**📜 Roadmap** + +[https://www.aggle.io/#roadmap](https://www.aggle.io/#roadmap) + +📍 TT/MM/YYYY Milestone + +📍 29/12/2021 End: Presale Launchpad (Pink-Sale) + +📍 30/01/2021 Token Listing in DeFi Pancakeswap + +📍 Q2/2022 Incorporation India go live Mainnet + +📍 Q4/2022 Bookmaker liquidity pool establishment in India + +📍 Q4/2023 EU - Licensing, Market Penetration + +📍 Q3/2024 Market leader in India for Cryptobets + +**Updates for the roadmap always come in the first of the month.** + +🔗 Our Website: [https://www.aggle.io/](https://www.aggle.io/) + +🔗 Team Aggle: [https://www.aggle.io/#team](https://www.aggle.io/#team) + +🔗 Whitepaper: [https://s3.us-east-2.amazonaws.com/docs.aggle.io/whitepaper.pdf](https://s3.us-east-2.amazonaws.com/docs.aggle.io/whitepaper.pdf) + +🔗 Audit: [https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract\_Audit\_Solidproof\_Aggle.pdf](https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract_Audit_Solidproof_Aggle.pdf) + +🔗 Article: [https://medium.com/@aggle.io](https://medium.com/@aggle.io) + +**Discussion Platforms** + +🔗 Discord: [https://discord.gg/W9FgmApG](https://discord.gg/W9FgmApG) + +🔗 Telegram: [https://t.me/aggle\_io](https://t.me/aggle_io) + +**Social Media:** + +🔗 Twitter: [https://twitter.com/aggle\_io](https://twitter.com/aggle_io) + +🔗 Our own Subreddit: [https://www.reddit.com/r/aggleio/](https://www.reddit.com/r/aggleio/) + +🔗 YouTube: [https://www.youtube.com/c/aggle\_io](https://www.youtube.com/c/aggle_io) (Live Video AMA´s) +* Wutang clan day Nov 9 -- Tuesday. +* Loopring smart wallet made & Loopring layer 2 ready +* Fed board of governors releases statement of Gamestop as systemic risk (is this why Fed Reserve Governor Randal Quarles resigned today?) +* Msm trying to control the narrative that GameStop is a systemic risk because of retail +* Blames apes for reading due diligence online then making their own individual decision to buy a stock they like and holding +* Here they blame DFV for sharing his DD, "communicating most frequently with others with similar interests and views, thereby enforcing their views, even if these views are speculative or biased" +* Msm & Feds basically confirms all the DD (ETF shorted, synthetic etfs and swaps pose risk to mass mutual funds, banks raising bonds to pay debts but are junk) +* Blame social media often referring to Twitter as pumps but never mentioning Reddit (heaven forbid they learn about the vast treasure trove Gamestop due diligence library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) +* Blame apes as highly speculative and place bets on "options" which pose a systemic risk that can LEVERAGE and MAGNIFY shf losses but are enabled by market makers like Citadel and run by CEO Ken Griffin who lied to Congress under oath but walk freely without repercussions +* Blame apes for buying shares, buying calls and that these 2 things can "amplify losses in a down turn" aka skyrocketing share prices because no more shares to short (ty for DRSing) and data points to a gamma squeeze (u rock gamma girl) +* The gme daily chart cycle is highly ramped up and macd weekly looks great for bullish trend - FIRST time it turned green in weeks, last time it was green BULLISH upside! Check the chart. +* Msm warning of "cyberattacks" but its all good, can chill with oppa +* Now, this is the part in the movie were Vinny Daniel says, "we're not the bad guys here. We didn't defraud the American people and prey on their dreams. They did." + +# 🟣🟣🟣 DONT STOP, CANT STOP, WONT STOP THE DRS FOR GAMESTOP 🟣🟣🟣 + +🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣��🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣 🚀 + +Edit: + +# HOLY FUCK THEY PUMPING BTC ALL TIME HIGH AND ETHEREUM ATH --- THE SIMULATION IS BREAKING + +Did someone get margin called today?? Smaller family office? Domino!!! + +Remember the 5th of November? FTDs of T+2 cuz deep ITM calls 🚀🚀 + +Correction, thanks to u/Allmightydohllah: It was the FEDs that released a statement on systemic risk: [https://www.federalreserve.gov/publications/financial-stability-report.htm](https://www.federalreserve.gov/publications/financial-stability-report.htm) + +Edit 2: are we about to get the C.R.E.A.M? u/scooterbike1968: + +Enter the Wu Tang (36 Chambers) was released on Nov 9, 1993. Method Man said in 2013 they wanted to drop what was thought to be A Better Tomorrow, but the Wu Tang backstory around this time and the fact that they were working on Once Upon a Time in Shaolin makes it plausible that this was the album Meth had in mind. Speculative but on this wild ride it fits beautifully. Wu Tang forever. The saga continues…Tomorrow. Or some other day to come. + +# Edit 3: RC just tweeted, "Deciding between two options for my GME shares: HOLD or HODL…" -- sounds BULLISH! + +*cue drums* + +I can feel it in the air tonight + +hodl on hodl on + +# Edit 4: this is the dip before the rip. Jan apes know 💎🙌 RC called it, hold or hodl +I think most of this fits this sub but if there somewhere else to go please let me know. +I (23 M) am in environmental science and just got a job with a habitat restoration company (kind of like landscaping) at $17 an hour. I’ll be doing a lot of manual labor but eventually will be like an assistant manager. The owner wants me to work as an independent contractor and set up my own LLC, he says this is just how he’s set up his business. This leaves me with a lot of questions. + +1) what are the implications of having my own LLC? +2) what will my taxes be like? What can I write off? Laptop , Clothing, or safety gear? +3) he says I should get general liability insurance and maybe switch my car insurance to commercial car insurance even though I should expect to be driving others or materials much +4) when I get the general liability insurance, should I still get something like Aflac +5)Do I still get overtime if I work over 40 hrs + +Any and all advice would be appreciated, clearly I’m unsure how to approach this. + +Edit: thank you for all the advice. Ya I was aware that he was making this complicated to avoid taxes. I also figured my benefits would be nonexistent, but seeing that I’m just starting a career those are not my top priorities. + +Also note I currently work part-time at $15 an hour 29 hours a week for state parks. + +Edit 2: I’m talking to him later today. I’m suppose to start on the 4th. What should I say to him + +Edit 3: this is in georgia btw, if anybody has rates for GA specifically please dm me. Also I’ve decide to ask to either be a direct employee or my rate be bumped to 30, I would take $25. +Final edit: keeping my day job. The “client” did not seem to understand my apprehension at all + + +I live in penticton(okanagan). +I bought a townhome for 395 with 80k down. +I do have a family,kids. + +The markets is pretty hot as of now people are getting asking and a few occasions over asking. + +My realtor is saying i could list the place for 500,000 +And get some good interest. + +Whats your guys take. +It is especially helpful for free-spenders in the family to conceive a cause-and-effect relationship between work and money management. + + + +**EDIT:** Thanks to everyone for the kind comments. I'm hoping to reply to comments as quickly as I can. I'm happy to have helped some with my post. + +**I wanted to add a suggestion for those who get paid on salary/commission/irregular income:** + +Use your total take home pay for the previous month (or the average take home pay from the previous quarter), and use this in your calculation as your take home pay. + +Create a column to calculate the percentage of your take home pay that that budget category/expense represents. It makes each category a piece of a pie that is your take home pay. + +Use this information to help decide if that piece is too big. If you see your fast food/clothing/car payment is too high of an overall percentage, you can make adjustments in your spending habits to better utilize your income (and avoid upward spending trends in certain areas of your life). +Last November I thought I was getting a great deal by buying a pass from 24 fitness from Costco. Of course, I did not anticipate a pandemic that would close gyms. I had gotten a good 5 months of use out of the pass, and I figured I was just out of luck. + +Last week I figured, what the heck, maybe I'll see if they can prorate the pass given that the gyms are closed. The CS person was super nice, said he would forward on the request and it shouldn't be a problem. Today I got a credit for the full amount. + +Could not believe it. Costco is awesome. I feel bad about the time I got to use the pass being refunded, but really grateful that they stood by their refund policy. + +edit: thanks for the gold! Also thanks everyone for the great suggestions for other things to buy at Costco. Appliances, tires, and all sorts of things that I might have bought on Amazon are going in the Costco bucket now. +I know the GME, AMC, BB and NOK train is very exciting, but this is absolutely not a place to learn investing for the first time. WSB is a wonderful place for YOLO plays, but there's a loss tag for a reason. + +If you're a first-time investor, looking to learn about stocks, or wondering about the next GME... + +PLEASE go to r/stocks or \[Investopedia\]( [Investopedia: Sharper insight, better investing.](https://www.investopedia.com/)) + +And for the love of god stop filling the mega thread with comments asking for investing advice. You're asking people to elaborate on rocket ships, we call it a casino for a reason. This is wallstreetBETS not 3% government bonds the subreddit. You CAN and probably WILL lose money at some point if you follow the subs advice. + +WSB is a great place to find stock ideas, but you should ALWAYS do your own DD, and I highly suggest you come back to WSB once you understand what that means. + +That being said, GME is going to the moon and you should definitely buy if you can afford it 🚀🚀🚀 +I recently accepted a job offer for a fully remote position. When I joined on I noticed that my work location was incorrect and I asked HR to correct it to my state, so that taxes etc would be properly handled. + +HR turned around and said, we made a mistake while making your offer and made you an offer thinking you were in a different location. We will have to re-calculate your base salary and since this is a low cost location, expect a 10 - 16% cut and a new offer letter. + +what are my options here? I like the team and enjoy the work for the past month but this will be a huge cut in my salary for no fault of my own. I have an email to the recruiter confirming my remote status and that I wouldn't be joining physically at their HQ. +I am fucking sick of posts criticizing the state of the sub. Especially a recent, *highly* upvoted one claiming the sub has been “lost”. Are you fucking kidding? This idea is genuinely the biggest FUD I’ve seen lately. I honestly wish mods would just eliminate it, and think it’s maybe even their responsibility according to the rules. + +Apes are fine. Almost all of us know all we need to know to be zen. More DD is great, but it’s not going to do a damn thing to most of our strategies: buy, hold, DRS. + +We’re good. Chill out, carry on as you were, enjoy your zen. This community is still the greatest I’ve ever been a part of. + +Don’t let anyone tell you to worry. They’re the true FUDders. + +I love this stock more every day. And sleep more peacefully every night. Not buying and registering more shares will be the only regret I ever have. Just my opinion. See you fuckers on the moon. +I know questions about emergency funds are typically asked in /r/personalfinance, but this question is more geared beyond those initial stages in building wealth. + +I understand the importance of having an emergency fund in something that won't lose value when your net worth is on the lower end, but what about once you've grown your net worth? If you have **years** worth of expenses invested in something like VTSAX, does it still make sense to keep 3+ months of living expenses in a savings account? + +Even with a market down turn, you'd still have access to several months worth of expenses if you initially had years worth invested. The only realistic advantage I can think of for the savings account is that you don't have to wait 2 to 3 business days to get money you need. Am I missing something? +Hi, + +I need some help planning. + +Context: + +I am single, 24-year engineer. I work-from-home due to Covid and live a very spartan lifestyle. Other than buying a nice PC, upgrading my vehicle, and gambling away money via cryptocurrencies, I have no long-term plans for the money that I have accumulated. And I am unaware of any financial tools that can help grow my wealth. I have the following assets/liabilities: + +Income: 103K/year + +Retirement: 23K with 6% matching annually + +Savings: 50K with 0.50% interest per year + +Mortgage: 338K with 3.1% interest per year + +Vehicle Loan: 12K with 3.5% interest per year + +Employer provided Personal/Pet Insurance: $600/month + +Food: $200/month + +Gas: $100/month + +Internet: $60/month + +Miscellaneous: $200/month + +Do ya’ll have any advice, for a guy that is skeptical of the stock-market, on what goal to aim towards and methods of getting there? +I have 60% section 8 tenants. Section 8 is paying rent through this crisis. About half of my non-section 8 tenants have contact us to work out a payment deferral agreement with me. + +We are able to retain 80% of our income during this crisis. Where otherwise we could’ve lost half. +EDIT BELOW RECAPPING (FAIR) CRTICS OF WEEKLIES: + +I mostly wheel and/or sell CCs on core holdings. + +I used to open at 30-45 days and close at 50-60% profit. + +In last few months, i switched mostly to weeklies - 30-35 deltas on wheeling and 20 deltas on CC + +I put on the trades on Mondays. I generally avoid weekends, unless big gap up/down on Fridays. + +Fav stocks: TSLA, PLTR, RBLX, SQ, LMND + +I can't say for sure if am performing better - will need to give till yr end for full assessment. But i feel that it has avoided me some short term accidents - and i sleep better on weekends :-) + +Anyone else adjusted their DTEs? + +EDIT BELOW RECAPPING SOME (FAIR) CRTICS OF WEEKLIES: + +First the math, the Greek "purists" in here are 100% correct: shorter DTE doesn't mean less risk: + +1. Weeklies allow you to collect premium faster, but you collect less than monthlies, and the risk of making nothing is higher due to max gamma risk. +2. Shorter DTE means less time to recover from a trade that goes against you and you have less buffer (lower premium) to absorb any shock. + +But there is also the psychology/bias part: + +1. Reducing DTE (for me) means that my mindset is tilting more towards "risk off" mode. This causes me to put on less trades, lower my deltas, and close trades faster +2. Mentally, I find it easier to do this with weeklies - with monthlies, my bias is to do more trades, increase deltas, keep trades open longer, which is exactly what I wish to avoid. +3. Its harder to close a monthly when you see the premium you're leaving on the table, even if in absolute terms, you may be making more $$$ than on your weekly. + +It's as though the right data (longer DTE is less risky) will bring out the wrong temperament (you get greedier when you actually want to be more conservative). + +I realize the contradictions here. But trading is like that sometimes. Better to understand these contradictions and work on them than to ignore them. +To the Gen X'ers, Boomers, and those from the silent generation that are here -- are we headed for a complete financial crash? As a Millennial, I wasn't really old enough to understand or pay attention to the Dot Com crash or the Mortgage collapse. However, even during those times, Labor Force Participation rate was comparably high. Today it is the lowest it has been since 1977 (other than a brief period right when COVID hit). I have already begun to notice supermarket shelves are emptier than they were just several months ago. The price of my Dog's food is up 50% in the past 14 months. Fed is now projecting no rate decreases through 2023, higher than expected inflation, CPI, and unemployment figures (adding fuel to the low labor force participation rate) through not only 2023 but also 2024. The S&P is down 22% from its highs (NASDAQ over 30%). Stocks still trading at historically high multiples, despite lousy earnings reports more than likely incoming. Russia seems willing to win the war in Ukraine at all costs. Things escalating between China/Taiwan and the west. The two party system in the US is more hostile and broken than at any point in my lifetime. COVID still isn't over. + + +Am I crazy? Have things ever seemed this dismal in the past? Are we on the verge of some sort of reckoning? +UPDATE 2/6: For all of you who are reading this a day, or days after it was posted, you should know the issue is now resolved. The bad mods are out, the good mods are in, and the casualty of it was was u/zjz. Enjoy the read. + +Original post: + +For those who see my "Top Detective" flair, but don't know [me](https://markets.businessinsider.com/commodities/news/robinhood-trader-made-2400-percent-return-coronavirus-oil-markets-2020-3-1028989430), I'm [the asshole who made videos this post is talking about.](http://reddit.com/r/wallstreetbets/comments/l7b1b7/a_dark_part_wallstreetbets_history_and_why_its/) + +If you subscribe to r/videos, no doubt you have seen my video, [WallStreetBets and the Art of Sellout Out: An Illustrated Guide](https://www.reddit.com/r/videos/comments/lcperh/wallstreetbets_and_the_art_of_selling_out_an/), is climbing slowly to the top. If you haven't watched it, you should. + +While you were sleeping last night (night of 2/3), moderators who wanted to profit from THIS community, removed the moderators you know and love. They were replaced with brand new accounts. Literally minutes old. It was a coup. + +The long and short of it is, there was a movie deal. In fact, there was more than one. There were dollar signs in their eyes. The Gamestop catalyst that propelled our community to over 8 million members attracted media attention, naturally. It's no secret [he who must not be named sold out](https://www.wsj.com/articles/reddits-wallstreetbets-founder-sells-life-story-to-movie-producer-ratpac-entertainment-11612440001), as he has [in the past](https://www.youtube.com/watch?v=caoF3jH7yG4), and some of the bad moderators were just a little behind him. + +For this reason, some moderators are no longer with us. They tried to go behind other moderator's backs to secure money for themselves, and monetize this subreddit. They even went as far to establish a website (blomberg.com) to intercept all media traffic so they themselves could profit. + +So the Reddit Admins intervened. + +Some of the moderators who grew this community, like u/zjz still have not been added back. Perhaps they will be back in the future. The good news is, the right moderators, the mods you all know and love, are coming back, and some already are here. People I know wouldn't take a dime, are taking back control, one meme filled shitpost at a time. + +He who must not be named still has a movie deal, so I leave you with this question: + +**How do you feel about a guy who has been scamming people for most of his adult life, getting paid six figures for a movie deal partially about scamming members of WallStreetBets?** + +One more thing... Instead of guilding me, I request you spend the money on helping end childhood cancer, by donating to [St. Jude Children's Research Hospital](https://www.stjude.org/donate/donate-to-st-jude.html). Thank you. +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) +Building the following A-Frame cabins. + +1 cabin - 1,400 sq. ft. + +3 cabins - 600 sq. ft. each + +A construction loan is financing the big one and one smaller one because it's classified as an ADU. We're padding a lot of the infrastructure for the other two into the loan so the stick build is all that's left. + +I have a hard money loan lined up to finance the other two, but I'm curious if there are other better options. The hard money loan is likely going to be $300,000. Thanks. + +Finances + +The construction loan is 580,000 + +Other two cabin rough cost 300,000 + +Cash on hand 230,000 (mostly needed for buffer, furnishings, etc. so I'm trying to not use it) +This post is created after a discussion in Discord about swing trading yesterday. I pointed about a fund run by some body I admire a lot there. Jim Simons founded Medallion fund in 80s and ran probably the best fund ever in terms of returns. It gave a return of around 66% CAGR in 3 decades from 1988 (Before fees) and 39% (After fees) and this is done at a larger scale of deployed money. Basically if Jim Simons is Bradman, WB is some body like Goutham Ghambir (not even Tendulkar). Jim Simons is such a talented mathematician and did so much before entering financial markets that I consider this fund not even the best achievement of his life. + +Any way coming back to topic, There are two types of people in the market. Those who vouch for finding best companies and invest in them and those who vouch for trading (Swing trading, derivatives etc.). The first approach depends on a company growing over time and second approach is a zero sum game. Net gains of all traders should be zero. I have no proof for this but after looking at multiple real port folios that is what I believe. + +Now how does Medallion Fund makes money? It is pure trading fund based on algorithms. Positions are taken and closed rapidly - some times even with in seconds. Basically for Medallion fund, the market is a casino. Looks like a win for trading. + +So from where do the fund make money from? They had an internal study some time back. Their finding basically says, the fund do not influence long term movement of stocks. In other words the money they make from is not from long term investors, not from growth of companies. They make money wholly from fellow traders. What this means is the billions they made are lost by other traders. Medallion fund is well known for it's success but there are even more such funds. + +An individual trader is competing against these people. Each of these kind of funds have an army of best minds of current generation. Individual traders are competing against this. Even if that person is among the most intelligent, the competition is against a hive mind. And if we assume trading is zero-sum game, the out come would be obvious. + +Too many people (I am included) are lured towards trading. Definitely at the beginning of their financial journey and too many people lose money. **Frankly I don't know any individual who made money in trading and more importantly any body who have strategies to scale that operation.** + +That is the reason I think, an individual should never trade. If interested at least form a team of geniuses (Interest is not substitute for genius) and then only try. +I recently joined a boat club and have gotten a lot of use from it. Wish I did it years ago. It so much easier than buying a boat. It got me thinking of what other hidden gem memberships are out there. What memberships are you glad you joined? +So Shitadel and others had non public information pertaining to positions moving to close only and they continued to trade (Short) in these securities? SEC is in total violation of their fidicuary duties. It's been this was since Madoff was running his ponzi. + +IMAGINE knowing that one side of a trade is going to be blocked for over a week lmao. Lets say they blocked selling instead. These crooks would be bankrupt within a few days. However, they chose to block buying in these securities while Shitadel and friends continued "Providing liquidity" LMAYO. The financial damage and losses retail suffered should make this a god damn RICO indictment for all these crooks. + +We have known these things since January. Nothing new here and the crime will continue........ I mean the conspiracy theories will continue LMAO. +**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) +As the title states I'm looking to put 20% of my portfolio into one or more higher potential ETFs than just VTI (Though I love VTI don't get me wrong). + +My brother who doesn't know much about investing says I should buy BUZZ (lol) but I'm curious to hear ya'lls recommendations. + +Thank! +Misses works part time, was considering a full time job. It looks like full time child care would total 85% of what her income would be. + +So what’s the point in both parents working full time if this is the case. It’s abit odd to me that parents who don’t work get their childcare mostly paid for ? +As above. I'm planning on moving from home relatively soon, next year or so. I've been researching on things that I feel like I need to know about. Renters insurance, credit history, and stuff like that. + +But me being woefully inexperienced in renting on my own and the unexpected costs that go into it, I wanted to ask what are some unexpected costs when it comes to renting a house or an apartment for the first time, that younger people might over look or not even know about? + +On mobile so sorry about any formatting issues if any. + +Edit: After getting a couple of responses here and there, I feel much more confident about this. Thanks. +# Is the DOJ due for a prosecution overhaul? + +Following the headline making Barclays fraud cases that have closed over the past year, the number of dismissed cases and defendants who walked away have revealed a flawed strategy in the Department of Justice’s prosecution. In a detailed [*Wall Street Journal* article](https://www.wsj.com/articles/flaws-emerge-in-justice-department-strategy-for-prosecuting-wall-street-11625506658), reporters Aruna Viswanatha and Dave Michaels delve into the crackdown of Wall Street executives following the 2008 financial crisis and how the Yates Memo of 2015 has led to an increase in individual prosecutions yet a dwindling success rate in convictions. + +According to data from Duke University Law School, the DOJ prosecuted 28% more employees of banking institutions in cases “where companies received leniency through so-called deferred or non-prosecution agreements” over the last five years. **However, the DOJ’s conviction rate in these cases dropped to 79% compared to their typical 94% success rate.** + +Critics argue that there are several reasons for these dismissed cases or non-guilty verdicts. Some of these include the DOJ’s attempt to criminalize conduct that may have been questionable but not illegal, prosecutors encouraging banks to violate employee’s self-incrimination rights in order limit the bank’s own liability, and ultimately prosecuting individual employees “as a proxy for much wider wrongdoing” within the banks.  + +Much of the rise in these individual prosecution cases can be attributed to the use of the Yates Memo. The Yates Memo, with an aim to increase transparency in the industry and usable evidence, offers companies credit for cooperating in a criminal investigation only if the company provides specific information about the individuals involved in the misconduct. This information in exchange for the company’s limited liability often includes inter-employee chats, client emails, trading records, meeting calendars and other details. Prior to the Yates Memo, companies could cherry-pick the information they were willing to turn over to investigators, often citing employee privacy policies.   + +Seven of these individual financial fraud cases are still pending, so we will continue to monitor how they develop, and whether the DOJ experiences more pressure from judges and juries to reevaluate its prosecution strategy.  + +&#x200B; + +[https://padulalawfirm.com/blog/is-the-doj-due-for-a-prosecution-overhaul/20/](https://padulalawfirm.com/blog/is-the-doj-due-for-a-prosecution-overhaul/20/) +Gamestop millionaire donates games to children hospital. + +Gamestop millionaire pays for a kids surgery. + +Gamestop millionaire pays the rent of her 80 years old neighbour. + +Gamestop millionaire saves foster animals + +Gamestop millionaire construct a shelter for the homeless... get used to it, because this will be the news about what apes will do post-MOASS and how they'll talk about us. We're not like them (Kenny and friends) and time will show. +If retail owned the float, the float would be 100% DRS'd. + +Apes have BOUGHT the float, multiple times, in fact. But that does not grant them ownership of anything. The shares are not registered in their names. + +Do you want to own what you've bought? + +DRS those shares. +So I'm usually the guy who puts savings over all else. Every cent of extra money, I'm trying to stuff into retirement savings or my brokerage account. I agonize over every dollar. I want to FIRE so badly someday. I look to see where I can save at every turn, and I would normally NEVER consider buying a motorcycle again, as it is a lot of money for very little use (especially in WI). So here's where things changed: + +My dad is a vintage Harley guy. He's always had one and I remember riding on the back of his many times when I was a kid. When I graduated high school, I had money from working every summer and decided to buy a used one. I owned it for two years and my dad and I rode often those two summers. It was awesome, but I was in college and needed money for other things, so I sold it. I sold it for maybe 500 less than I bought it, so not a terrible financial decision by any means. My dad was pretty down about it at the time, but understood why. + +Fast forward 5 years later, I make good money, have a fiance who I'm going to marry next summer who makes good money, and have a hair over 125k in retirement accounts and cash at 26. I feel like I'm doing quite well. My dad asked me if he could store his Harley in my garage for the winter, and said "Hey, I don't really ride much anymore, your mom doesn't like it anymore either and I have no one to go with. Would you want to buy my bike?" + +I've always had that urge in the back of my head to get another bike, but my FI desire always outweighed it. At first I thought this was an awesome thing though. My dad would give me a good deal, and I would know what I'm getting. Then I realized, one of the main reasons I wanted a bike again was to go riding with him. I don't want to buy his and go by myself. It was about spending time with him and sharing a hobby. I asked him if I got another one, if he would keep his and ride together, his eyes lit up. "Hell ya!" Well that was all she wrote. I decided I'm buying a bike again (nice used one). My dad is getting up there and we only have so much time to do stuff like this together again, so I'm pulling the trigger. + +Wanted to share this because it has been a huge shift in perspective for me and it seems like a common theme on this sub about balancing life and happiness with FIRE. I decided this is something I'm willing to trade time for at the end of my career. + +&#x200B; + +EDIT: Just want to thank everyone for their responses and sharing their stories. Reinforces I'm making the right decision. + +I'll try to answer some of the more common questions I saw: + +* My old man rides an 03 100th Anniversary Heritage Softail Classic (Sorry I don't have any photos right now) +* I received full tuition remission to college and got a comp sci degree. This is the biggest factor in my fast early savings. No loans of any kind. +* I have considered many other bikes than just Harley's, but I've got my heart set on one now... +For context, my parents are still working hard running their own business as they approach their 70's. I have three siblings, one who globe-trots automating factories, another flies Black Hawks, and the other is a smart, accomplished, hard-working auto mechanic. Two are married with six kids between them. + +Meanwhile I worked my butt off from the my teenage years until my late 20's when I suddenly leanfired to just tend to my land lording duties and live a frugal life so that I could spend my time enjoying my hobbies. I live like a child, playing in rec sports leagues, going kayaking, skiing, biking in the woods, exploring nature, going to museums and local theater, making go-pro and drone videos, reading, playing with my cat. The life of leisure. + +I was just reminded of a moment at a holiday dinner a couple of years ago I'd forgotten about. I'd never heard my dad give an opinion about how I live. If anything I thought maybe there was a subtle bit of disappointment that I wasn't using my education and talents to amass more wealth and status the way he would. But I figured if that is what he thinks, that's his problem. + +My brother was saying he doesn't golf as much as he'd like because of how crowded his course was getting on the weekends. I said I usually go mid-morning during the week after I've met a friend for breakfast. The retired guys who play during the week like really early tee times so by 10 am the course is wide open. + +My brother goes, "Yeah, well, you can do that because you have nothing to do in your life." + +Before I could smile and say, "Yeah, that's true." My dad apparently got a little offended on my behalf and jumped to my defense: + +"MaroonStriation doesn't owe anybody anything. He doesn't hurt anybody living the way he lives. He takes care of himself and that's all he needs to do." + +"Yeah, but I'm just saying...", my brother tried to defend himself only to be interrupted. + +"There are plenty of people worthy of criticism in this world for how they live. He's not one of them. He doesn't hurt anyone." + +Thanks, dad! +My husband just got scammed out of $45,000. + +He received a call today to say that we had money fraudulently taken from our bank account and my husband had to “reverse” the transactions by logging in, downloading Any Desk and transferring funds to a bank account. + +The guys was convincing to say in the least. + +My husband made the transfers. I’m sorry to say that he did it 3 times until I understood what was happening and stopped it. + +We raced to the bank while on the phone to a Fraud team to cancel the transactions. Probably within 2 hours. This was done from a business account. + +Can someone just tell me the truth. Is it all gone? + +This will actually probably bankrupt us as we have a small business that we need the funds to pay our suppliers, staff and the money was going to be used to gear up for Xmas. + +I wish I was exaggerating the situation but we had a deposit on a house and land package that is due to be financed soon. We had a deposit on it, so we will lose that if we do not get financials approved. + +How can we earn and income if we cannot afford supplier costs that we already have used, lose our Christmas trade to remain ahead of our competitors and in business plus live. + +We’re in a dark place. I can only see that we will lose everything. + +If you can’t help me, double down and have the security checks in place so that you don’t lose your life like us. +I realize all my rants are job related but I'm currently looking for a 2nd job and like every other time i've been in the market for a job, I'm not shocked so many companies are short staffed. + +I found a part time remote gig that would be around data entry that wants a cover letter to apply. The pay is not posted but considering its a non-for-profit, it's probably minimum wage or a little above it. This job and the jobs I have do not require any special skills and a kid out of high school who's given a chance can easily excel once properly trained. Despite having a college degree in a STEM field, I have no special skills so my jobs aren't special. Yet every time I apply, there's so much BS involved. + +There's no reason a job paying the same as McDonalds should require a college degree, 3-5 years experience, a cover letter and 3 references. That's the type of requirements of a comfortably paying job that segues into a career. We don't get responses so you just apply into the ether and pray to the job deities that maybe they liked it enough. I just want to find out I have a rich relative with no close family members that want to give me millions at this point. Fuck + + +Edit: Grammar and spelling +Hey what’s up apes & apettes. + +So I’ve been thinking about this whole situation and here is my theory, backed by little to no evidence. + +1. Why tomorrow is the start of the run up + +I believe that tomorrow is when the marketplace gets unveiled and all the massive partnerships start dropping. + +Why? I’m glad you asked. + +A. As we know, none of the communication strategy under RC is random. RC is out for blood, and he really loves fucking with SHFs on Fridays. This is when the option chain has the highest chance to blow up. My memory is a bit hazy but I believe that the last few run ups were Fridays too. + +B. Tomorrow is the 27th… which is the number of moons of Uranus. Cohencidence? I think not. + + +2. Why tomorrow is only the start + +The whole system will not break tomorrow. But it will show it’s first crack. I expect a 100% run tomorrow. +The combination of FOMO after the launch, RC buying more and Cost To Borrow going through the roof will make it absolutely untenable. + +But as we know, if the MOASS starts tomorrow, getting all these shares back will take many days, if at all possible. + +3. Why this will continue next week + +If tomorrow the option chain blows up, MMs will have to find shares next week, amplifying the ramp up. +So next week, as the price soars and the news about partnerships keep dropping, the price will start getting in the thousands. FOMO will be ridiculous. Everyone will join in. + +4. The share split. +The day after the shareholder meeting, the share split will be executed. + +But you don’t do a share split of 7:1 when the price is $100. Sure, it may force some buyback but… it makes a lot more sense when the price is in the thousands to lower the price so that FOMO continues as people can still afford it! + +So it’s important that the price be very high even before the meeting. + +5. The Executive Order. +That’s happening on the 3rd and that will further fuck the players holding Chinese military shares as collateral. + +Ladies & gents, apes & apettes, dogs & bitches, I think that next week we are ending this. +And it all starts tomorrow. +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! + +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! + +I know there’s plenty of individual posts on here explaining in detail an individual’s path to fatFIRE. But I thought I may as well ask the question to all, in hopes of getting an interesting thread going. What was the path you took to your financial ‘breakthrough’ that allowed you to fatFIRE? +I'd like to hear if anyone else blatantly despised the process of buying their first home. My wife and I are in the process now, having just made an offer, and we are both hating every aspect of it so far. + +From inspecting places with seagulls for real estate agents, and brokers and conveyancers never giving clear answers on basic questions about how to buy a house, I am on the verge of a breakdown, as I make little mistakes that I didn't know about regardless of how much I read or studied. Maybe we're just young and really dumb lol. +This might be a stupid question so apologies if it is! + +No one in my family has ever bought a house. I have no idea how you even start the process of buying a house. + +Obviously the house costs money, mortgages accrue interest etc. But from what I gather you also need other services such as solicitors, brokers, estate agents, surveyors etc at some point in the process. + +Besides the deposit, roughly how much would you have to save to buy an “average” house with a mortgage (e.g. a 3 bed property, not in London, not a megamansion) to cover all of these extra fees? I’m not expecting a specific answer as obviously services vary and prices go up and down. Just a ballpark figure. + +Not including things like moving/removals etc - I rent and have moved house a few times and I already know it can get pricey! + +If it matters I’m not looking to buy right now, just something that popped into my head/would be useful to know as part of the saving process. + +Thanks! +**Key Advantages** + +* *Globality* + +If HetaChain fully realizes its potential, the global economy will be transformed. Hetachain will be truly a global platform and people from all over the world will be able to get acquainted with its functionality, as well as to use all available advantages. + +&#x200B; + +https://i.redd.it/9q5uwunbgyz11.png + +* *Business will be optimized* + +Huge companies and private entrepreneurs will be able to use the platform to optimize their work. This is a great opportunity to create projects, attract investors, develop in a new direction, introduce cryptocurrency into your work. + +* *The development of the project by signing partnership agreements* + +Many venture companies actively support HetaChain. The developers managed to convince investors that a decentralized network of a new generation based on blockchain is an ideal solution for the world economy. That is why they have the necessary finances for the full implementation of their project. + +[https://heta.org/](https://heta.org/) +About an hour ago I posted this post about a scam I found on facebook... + +http://www.reddit.com/r/Bitcoin/comments/1ydms7/psa_fake_cryptsy_investment_scam_going_on_facebook/ + +The person claiming to be Big Vern on facebook just sen me this... + +BigVern Vern: +your putting a huge target on your back with that post + +you really should of taken your name off of that , we know who you work for , you dont know who I work for + +thats all im gonna say, delete your reddit asap. + + + +--------------------------- + +Scammers used to be gentleman and just disappear from existence. We just turned a corner apparently. + + +🥠 Fortune Cookie v2 🥠 launched just 18 hours ago!! Lottery Token, WIN BIG! + +I’m gonna cut straight to the chase on this one: every 10% of every transaction goes into the fortune. Every 50 transactions a random lucky holder wins the whole pot! That’s huge! 💎 + +The developers are super committed to this project and have fine-tuned this unique contract to perfection. They’re experienced and have shown their skill in creating successful community driven coins through their previous project, 🍩 Donut Charts. The developers are very active in the telegram, constantly answering questions and working on improvements and listening to suggestions made by the community. Marketing has already been set in motion and there’s many more advertising plans on the way. CMC, CoinGecko and Blockfolio listings are being applied for as we speak. I feel privileged to get in on this coin early and so should you! + +Go check out the website, which is both beautiful and communicates the plans for the future clearly in the road map: http://fortunecookie.cc/ + +Further, I feel it’s important to let you know that the ownership is fully renounced, and liquidity is locked for your safety! + +Now, on to what ingredients go into this coin! + +⚡️Welcome to Fortune Cookie!⚡️ + +🍀 What’s the idea? +Fortune Cookie is super simple: A lottery token where you can earn just by trading! 10% is taxed on every transaction and added to the fortune pot. For every 50 transactions, one lucky holder gets the entire fortune pot. +To be in to win you must be a holder who has at least 1% of the pots value, one lucky holder will be selected! Will your cookie bring you fortune? + +🍀 Tokenomics: +🚀 10% to the Fortune Pot – which is won by a random lucky holder every 50 transactions! +🚀 5% goes right back to Liquidity +🚀 3% to the Marketing Wallet – for 24/7 marketing! +🚀 2% burned to never be seen again – to promote price action! +🚀 Max Per Transaction: 5B Tokens (0.5%) – so no dumping! +🚀 Max Per Wallet: 20B Tokens (2%) – so no whales! + +💰 Contract Address: +0xca94698f5a683939700ea611d6ada30cae632a9d + +💰 BSCScan: +https://bscscan.com/token/0xca94698f5a683939700ea611d6ada30cae632a9d + +💰 Telegram Group: +http://t.me/fcookie + +Come on and join the community – we’re all super optimistic about what the future holds for this fun and unique coin. + +The developers say big 24/7 marketing plans are in store! And like I mentioned before: CoinGecko, CMC and Blockfolio listings will be applied for. They are even doing an audit soon! + +‼️ OWNERSHIP RENOUNCED ‼️ +‼️ ALL LIQUIDITY POOL BURNT ‼️ + +Please visit the Official Fortune Cookie Telegram group to have any questions answered! +"Total nonfarm payroll employment rose by 266,000 in April, and the unemployment rate was +little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Notable +job gains in leisure and hospitality, other services, and local government education were +partially offset by employment declines in temporary help services and in couriers and +messengers. " + +Expectations were that unemployment would fall to about 5.8% for the month. More [here](https://www.bls.gov/news.release/empsit.nr0.htm) and [here](https://finance.yahoo.com/news/april-2021-jobs-report-payrolls-labor-department-unemployment-181552009.html). +Some of us have been in crypto for quite some time, a few even as far back as 2010 or more. Through trial and error we all found out small (or big) “lifehacks” that newbies should know from the very start. + +Please feel free to share your most useful lifehacks that you found while walking the streets of DeFi. + +My top 3 lifehacks are next: + +1. when moving funds across exchanges be smart and use XLM or ALGO for super cheap and super fast transactions. + +2. use bookmarks to avoid getting on a phishing site by accident. Google doesn’t do much about preventing phishing sites to appear in search results, so bookmark them for your safety + +3. use whitelisting addresses on exchanges to strengthen your security. Its easy to set it up and effective so that your funds cant go anywhere but to your wallets +Sup retards, this is not advice, I just want to say the obvious: + +* Hedgies are Fukt + +* Shorts have not covered + +* We own the float + +* Cramer can't stop crying + +* GameStop is not going bankrupt + +* DFV can't openly talk about GME until it's over + +It is a waiting game at this point. It's not about holding. Holding doesn't actually come into play till the rocket takes off. That is the hard part. We are at a micro penny stock level of the scale of this thing right now. It is **THE MOTHER OF ALL SHORT SQUEEZES.** + +I just want Hedgies to know this: I have also been playing RuneScape, **FOR 17 YEARS.** + +edit: formatting and also I'm illiterate +Hi there! + +So I'm thinking about self-learning economics, and textbooks are just way too dry. Therefore, I've been trying to find good online course on economics. However, what I've been able to find are mostly introductory courses on economics (e.g., Principles of Economics offered by MIT and Economics part offered by KhanAcademy) and almost no good-quality courses on intermediate/advanced econs. + +Hence, I was wondering if someone would be so kind so as to suggest me some? + + +Thanks for reading and time! +Any suggestion will be highly appreciated! +I understand that free trade is more beneficial to developing countries because it means industry and investment are moved from the developed country to the developing. But if this is the case why do developed countries abandon their own industries? I don’t understand how it it beneficial in the long run. +So my wife and I are in the process of moving and have applied to several houses(for rent) in the last week. I am able to check my credit score and payment history for free anytime I want on Credit Karma, Credit Sesame, the Transunion, Equifax, and Experian websites, I can even see my Fico score all for free on the web. + +&#x200B; + +What I do not understand is why every application requires a $35 to $75 fee for this service as well as adding a hard inquiry to my credit report AND LOWERING my credit in the process. What benefits does a hard inquiry provide, and why can't this information be viewed for free? I honestly don't get any of this and am looking for some guidance from you all. + +&#x200B; + +THANKS! + +&#x200B; + +Edit: Thank you all for the responses. One question I have seen is "Why are we applying to so many places?" We are in Philadelphia and apparently here the housing is pretty competitive. We have seen probably 25 properties and applied to roughly 4 of the 25 or so and were beat out by other people with higher income or credit scores even though we applied first. (one of our realtors explained this has happened to us) Trust me, we saw the properties, had all documentation ready and filled out applications but still aren't getting them because the landlords are cherry picking. In the mean time my score is dropping for literally no reason other than the fact that it seems others have higher scores, my income is substantial and score is upper average. Just a crappy system +I'm watching this video: https://m.youtube.com/watch?v=_c6Fv4BM-8c + +It paints a pretty bleak picture on the US Fed being able to control inflation or prevent a recession. What are other economists and investors opinions on this topic? How screwed is the Fed right now? +Non-native English speaker here. + +I have been reading the book "Getting a Big Data Job for Dummies". In the book there are charts showing the skills you need to become a Business Analyst. Here is the snapshot of the worksheet: https://imgur.com/NeQ379A + +I am looking for a similar table that describes the skills needed in order to become an Economist. Can someone provide such a list or link to one? + +Also, can someone suggest a free book that comprehensively deals with the occupation of Economist? By comprehensively I mean that it should include among other things, the different types of roles in the Economist occupation, the long term outlook, the skills, abilities, qualifications needed to get into the various roles, the obstacles likely to face, the various challenges, problems, the work conditions including work life balance, how much multitasking or pressure is there, how much sales, customer service is there, how much soft skills are needed etc. + +Can someone suggest such a book? +https://www.reddit.com/r/AusFinance/comments/470i51/thoughts_on_an_australian_property_bubble/ + +Lot's of talk around house prices and bubbles recently and lots of new users as well. As someone who has been on this sub since 2013/2014 (under various different throwaways), this concept of bubble and housing affordability has existed since as long as I can remember. + +**Some interesting upvoted comments from Feb 2016** + + * *"What I want to know is how I prepare to short the market"* + + + + * *"we are most certainly at the top of the property cycle in sydney and melb. Not necessarily everywhere"* + + +* *"None of you are taking into the account the impeding doom we face as low-wage workers get replaced by automation, probably the same low-wage workers that take out these exuberant loans to get into an already volatile market. You are all relying on overseas investment to saddle up the market, even just to keep it stagnant. We are literally turning into Asia "* + + +* *"I'm a gambler, if I was in Sydney or Melbourne I'd be renting and waiting for a bargain."* + + + + * *"everyone acknowledges that this market is very expensive. IMO the market will certainly see weaker than average capital gains (or capital losses) in the medium-long run. that doesn't mean there will be a crash in the next 12 months or that it can't go higher from here. +it does mean that there is an increased risk of a crash and that it's a poor place to have your money tied up. i wouldn't touch real estate in australia with a barge pole. it's a bubble which may or may not pop, but somehow (in the long run) it has to deflate."* + + +Be careful what you read on reddit and in particular this sub as people are known to be highly emotionally reactive. +Last night u/not_ya_wify had [posted this](https://www.reddit.com/r/Superstonk/comments/wbowsf/apparently_in_bern_switzerland_moass_has_already/) and instead of DM'ing everyone I wanted to make this post. + +I got in that website seems like you don't need an account for it, which is cool. + +[This is the link as seen in OOP picture](https://tradingdesk.finanzen.net/), but after you'd click on it you have to search for GME and you can click on US-DOLLAR INDIKATION + +[Then you get this watchlist](https://preview.redd.it/fy2vc3w6xoe91.png?width=1174&format=png&auto=webp&s=579571a3a093d4c3c29d1fce02209921d3a27e6c) + +Then you double click the Gamestop Corp DI and now you can see the GME chart .. kinda weird for a charting software, anyway. + +&#x200B; + +[you have to click on this US-DOLLAR INDIKATION .. my god is that a mouthful](https://preview.redd.it/135bnhjgxoe91.png?width=446&format=png&auto=webp&s=e728e824047b074c6b77e0435203eeb58ef02fac) + +&#x200B; + +[And then you choose BERN.. whatever that is I DON'T SPEAK THE LANG](https://preview.redd.it/wptd99boxoe91.png?width=258&format=png&auto=webp&s=e9dae06107d62f2ca722947614abc37b0a1652a0) + +And then you got this full expensive chart + +[DONE](https://preview.redd.it/7abdid6vxoe91.png?width=617&format=png&auto=webp&s=1da4c39b9fabb2df83465e96378df11f2e778e29) + +u/-einfachman- please check this post +I'm a simple ape. + +Someone mentioned Sears surging 100% today. And it got a lot of attention. Which is good, cause crime. I tried posting about sears Canada in the at thread and I felt like it didn't really get the attention (the topic, not my comment) it deserved. + + +I don't know how to post anything other than the stuff I type. + +So go check it out. That's the biggest surge I've ever seen on any stock or any crypto for that matter. Sears Canada. +If you've seen the recent posts about Apex Clearinghouse pulling a reverse Uno on IRA DRS transfers then it's an indicator that DRS works. + +So follow me for a second, what if I told you all the Options DD and posts to explore trading options ATM and ITM was going to work? I repeat GOING TO WORK. + +Until they decided to pull a Reverse Uno as well.. + +On Jan 6th, after hours (AH) they pumped GME up to 29% knowing full well retail usually doesn't trade at those times then dropped fake articles about NFT Marketplace coming soon and cited "sources close" who knew. + +Big fact: GameStop ain't say shit. And they still haven't. + +Everyone got excited especially the degens at wusub. + +Price went from $121 to $176 on Jan 7th, BOOM! + +Guess what else started to also climb? This little know ETF known as XRT and it is currently 715% shorted. + +Over the next several days, GME continued to drop and trade sideways. Do you know what happens to Options when this happens? It's called IV crush (implied volatility). + +Options rely on price action movement to determine value of the options contract. This is the Greek called Vega in options lingo. + +What is Vega? According to Investopedia: + +"Vega is the measurement of an option's price sensitivity to changes in the volatility of the underlying asset. Vega represents the amount that an option contract's price changes in reaction to a 1% change in the implied volatility of the underlying asset." + +Wut mean? If price goes up very fast, Options worth many dollars. If prices goes down very fast, slowly, or sideways then Options worth less. This is volatility and options thrive on it. + +So one might wonder, why did they pump up the price then drop it? + +Perhaps because they were terrified of ALL the recent Call Option buys (betting price goes up) could destroy them AFTER the millions of puts were going to expire on Friday 1/21. + +- They want you to hate options. +- They want you to feel like you are losing. +- They want you to stick to what you know so they can control you. + +Do you remember DRS hate in the beginning? They didn't want you to know about DRS and wanted you to buy and hold knowing full well they were issuing IOUs, internalizing orders, engaging in Contract for Difference, and a whole boatload of fuckery to keep you dumb money. + +Now I'm not saying go and buy options. All I'm saying is Educate yourself on how options work and maybe you'll be able to leverage what DFV was able to do after GME dipped then exploded. + +For example, did you know you can buy/sell options as well as roll them? It enables you to essentially average down so you can get higher returns on options (if daytrading options) or lower cost premiums for ATM/ITM. + +I don't claim to be an Options expert but 80% of my portfolio of DRS'd shares is a direct result from call options trading returns. As in, buying options then selling them for profits, and buying shares. I surmise many apes in here have done the same but don't talk about it, which is understandable given the *current* attitude. + +When GME price dips, options are dirt cheap and you bet I loaded up on Friday. Share prices can only rise up so much but options can explode into 1,000%-10,000+ percent returns with a sharp upward price movement, and just like DFV, by turning a few thousand into millions. You cannot get those kinds of returns with shares, only options. + +So did DFV gamble? For the uninitiated, it would seem that way but to a trained options trader, it was a calculated risk. The same type of risk everyone engages in when buying shares, and for DFV it paid off. + +This post is running long but I hope it sheds light on options and that you give it another chance by learning how it works for yourself vs. shutting it down completely. Else if you don't care then buy in CS, hodl, and transfer to DRS applies. + +See you on the moon 🟣💎🙌 +WAGMI ♾️🏊‍♂️🔒 + +Edit: the opposition here seems to anchor on these points: + +1. If you don't buy direct GameStop, then you're not a supporter. (Strange that by attempting to accumulate AND drs more shares, I am somehow not a supporter?) + + +2. Something about TA or weekly options, which I don't even mention. (The FUD is astonishing) + + +3. Anti-MOASS FUD or belief I am against X or XX hodlers (Check my post history for supporting infinity pool, MOASS, and calling X hodlers as the Real whales which y'all are, MVP) + +If you read between the lines, these points of arguments are creating division and they are cleverly using this Options hate as a wedge. Don't let them play you. + +I have only implored those that want to gain leverage to explore and **educate** themselves on Options. No call to action, no financial advice. + +If you'd like to learn about Options Trading, there's a nice 3-part guide written by an ape, u/Digitlnoize: + +https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/ + +Edit 2: If the call option buyers in January 2021 had excercised their deep ITM call options, it would have forced the squeeze. Is this is the confirmation you need? + +The shorts would have defaulted and the brokers would have been forced to buy the shares '270 million out of 50 million available' and it would have been a Domino Bankruptcy according to this CEO of IBKR, Thomas Petterfy: https://www.reddit.com/r/Superstonk/comments/qvqqaj/is_this_sec_741_broker_liquidation_if_the_shorts/ + +Edit 3: I buy ITM, at the money, and OTM then 1-2 week out from cycles so if they delay the SLD and wait til last minute then at least I'm covered. Also, many leaps purchased too. + +The SLD cycles plus quarterly cycles hit. It's like kryptonite. + +u/pwnwtfbbq has covered this from math perspective + +u/gherkinit has covered this from options perspective + +u/criand covered this in futures DD + +All independent analysis and from different backgrounds. Its like GPS triangulation. +It has been a wild year, and although I'm ending the month in the red ($2.4k), I've had a great trading year. I started trading on April 26, 2021 with a $26k account. Here is my PnL chart below: + +https://preview.redd.it/hl42d9y3nx881.png?width=728&format=png&auto=webp&s=05e44ff7702ac090010d240b777d48d80168f4d9 + +# Quick Stats for the year: + +* **Green days:** 149 +* **Red days:** 23 +* **Largest green day streak:** 46 +* **Largest red day streak:** 2 +* **Largest month:** $47k (November) +* **Smallest month:** \-$2.4k (December) + +# All time stats: + +https://preview.redd.it/bjkd1vpapx881.png?width=995&format=png&auto=webp&s=5db7b78becaf3ccef60f8606bd7eedf0c3b4b573 + +# Monthly Stats: + +https://preview.redd.it/lhpvi0zgpx881.png?width=1040&format=png&auto=webp&s=cfd3fde18e82fb580a16e605ee1a3dcac6a74590 + +Here is a video if you want to see a more thorough end of year recap: [https://youtu.be/lKybdllOYmQ](https://youtu.be/lKybdllOYmQ) + +If I can leave anyone starting out with some advice, this is what I'd offer: + +It is okay to follow profitable traders at first to develop your own strategy. Once you develop a strategy and it is working, STAY HUMBLE. Obviously I was feeling euphoric during November because I've had such a crazy run this year. I forgot to stay humble and my confidence was through the roof. As soon as I was making less than I was use to, my confidence was shot and I've been struggling since. It's been a month long grind to regain my confidence, and I'm still not even close to back to where I was. I've even had thoughts about going back to my salaried job because of the horrible month I've had. + +***Happy new year everyone and I hope more of us extract profits from these markets in the coming year!*** +My wife and I are almost 30. We are selling our home and making 175k profit. Planning on continuing to contribute to each of our Roth IRA’s. She’s a stay at home mother and I make about 60k yearly and have a pension plan at work. We have 19k savings and 16k in stocks. We have no debt besides the house we are selling. + +I guess I’m looking for ideas and ways to grow this money I’m making on my house. We are planning to wait until +The housing market drops until we purchase another house. We are planning to stay rent free with my mother in-law for a few months then rent if the market hasn’t dropped. + +If the housing market drops soon should I just try and pay cash for a new house? The idea of being debt free is very appealing to me. +Hi! +What is one stock do you believe is underrated OR that you believe will continue doing well going forward? +Feel free to explain why you think this is a good stock. +I've argued with Marxists and they'll say central planning is good because when Amazon needs to allocate goods somewhere, they aren't really participating with a market. They centrally plan for where certain goods to go. I've seen the same claim made about the military. The military "centrally plans" where tanks/food/etc go via central planning + +Can you debunk this argument? + Just made a account to write this, i haven't been feeling well these past few days, i'm trying to be a bit vague about what happened because i haven't told anyone else yet (aside from the cops). + + I'm usually doing all my online payments throw Paypal, i don't know what the fuck was wrong with me this time and pushed me to do it through banking transfer (at my bank) . + + How it happened : a few weeks ago i make a online post on a website about looking for a place to rent , a few days after i get a phone message from a person saying that he has a place for a xxx$ price (the price was kinda low and was the first signal that i ignored, though i've seen similar priced apartments online but very few) and gives me a mail address for more info about the apartment . I mail him that and by the evening he sends me the info and a few photos, all looks great and i'm excited, he also says that he only rents through AirBnB, and i'm like sure (i've never used it before , so i go and make a account). Then he sends me the "airbnb" link using bitly , i've seen people using it online to shorten links before and don't think much about it, i see airbnb in the link the page looks legit, especially since i've never used airbnb before. + + I go to the payment options and since i didn't have enough on my credit card i use the banking transfer option (it was to a different country: Ireland) , get 4 pages everything looks alright (have to stress again that i never used airbnb before) , didn't even notice that it was ARNB ATS instead of AIR BNB above Iban, and next day i make the payment, the i send a scanned copy of the payment to the fake airbnb mail address, after getting the "confirmation" the owner of the place says that he will come friday with the keys. + +Thursday i get a mail with the time when we should meet, then friday comes and i get a mail that he can't come and if i can wait until monday if not i can ask for my money back (his excuse was another Red flag that i ignored and chose to believe). I reply that i can wait until monday, monday comes and he tells me that he can't come and i should ask for a refund. I mail again to the fake air bnb support account and they say i'll get my money back in 24-48 h, as the days pass and i'm not seeing my money back i'm starting to do research in to scams regarding airbnb, then i go to my bank and they tell me they can't do anything and if the money are not back soon after the 48h i should go to the police. + + By this point i should be drowning in red flags, i downloaded the airbnb app and there were no payments, i logged in the account and there were no payments made, but i still chose to believe that everything will be fine. Even after going to the police and being told that i got fucked, i still believed until today when i saw the fake airbnb page disappeared. + + The police told me that they are gonna try, but since the payment was done to a bank in another country , their hands are tied and won't be able to do much, i'm 99.9% sure that i won't get my money back. + + The past few days have been really awful : couldn't sleep properly , couldn't eat ... i just don't know how to deal with this anymore, i haven't told anyone yet and i'm to afraid to do so, i just feel everything is gonna break in to pieces when it gets out... + +tl;dr: got scammed with a fake airbnb page, made a banking transfer to another country, went to the police and they told me i'm fucked. + + Edit 10/03 : thanks for support, you don't know how much this means to me , i don't have many friends, so i don't really have anyone to talk with . I saw many suggestions and will try to do everything possible to help me get my money back (i'm just trying to not raise my hopes up) , when i said i spoke with police i meant with the unit specialized in fraud cases, i will go again monday to them and to the bank, i will also try to contact the bank in ireland and the anti fraud unit there. + + On the anxiety/stress part, after getting some sleep it got better, sleep is really the best medicine in cases like this. +I was trading in April 2017 just as I am in January 2018, and I find very few similarities between the outlook for bitcoin in these different time periods. The cryptocurrency space today is orders of magnitudes more mature than 2017. What is making me even more bullish is that mainstream speculators still seem to live under some kind of illusion that bitcoin is built on “stone-age technology that has failed to adapt” and avoid investing in bitcoin for this reason. I remain positive that the positive momentum building up around the Lightning Network can eventually serve to recapture some of that capital. +Let me know by the comment below! +I’ve already posted DDs on silver in WallStreetBets a couple times, but I decided to come to r/StockMarket this time because WSB is completely focused on GME at the moment. + +Note this is not a post to tell you sell your GME. I’m personally still long GME. + +In fact I hope I GME hits $1000 after earnings, I salute you fellow Apes. + +&#x200B; + +Silver however, is the market I have done the most research for, and why I am writing this DD. + +This post is quite long so here’s the **TLDR if you are lazy:** Buy PSLV and get ready to ride the silver rocketship. Alternatively, purchase 1000oz bars of silver at premiums under 5% to ride the rocket. + +Quick Bullets: + +* Silver will rise dramatically due to a fundamentals-based rally in industrial and monetary demand +* A short squeeze in silver is on the precipice of occurring, and could add gasoline to a bonfire, current short interest is 513% +* SLV is a scam, if you own it then sell and purchase PSLV (and the same goes for GLD, you can buy PHYS instead) +* The banks that run the silver market have been labeled ‘criminal enterprises’ by the DOJ, for metals price manipulation, and these are the same banks entrusted with SLV/SIVR + +&#x200B; + +There are two types of bull markets in silver. One is a fundamentals-based bull market, where silver is undervalued relative to industrial and monetary demand. The second type of silver bull market is a short squeeze. Both types of bull markets have occurred at different points in the past 60 years. However, the 1971-80 market in which the price of silver increased over 30x does was combination of both types of bull markets. + +**I believe we may be entering another silver bull market like the one that began in the fall of 1971, where both a short squeeze and fundamentals-based rally occur simultaneously.** + +So what are these ‘smoke alarms’ I mentioned? + +I recently went digging through various data to try and quantify where we are in the silver bull/bear market cycle. + +I ended up creating an indicator that I like to call SMOEC, pronounced ‘smoke’. + +The components of the abbreviation come from the words Silver, Money supply, and Economy. + +Lets look at the money supply relative to the economy, or GDP. More specifically, if you look at the chart below, you will see the ratio of M3 Money supply to nominal GDP, monthly, from 1960 through 2020. + +https://preview.redd.it/5yh58ntwguo61.png?width=852&format=png&auto=webp&s=0da878286af614bfa216734371b1b9c257726612 + +When this ratio is rising, it means that the broad money supply (M3) is increasing faster than the economy, and when it is falling it means that the economy is growing faster than the money supply. + +One thing that is very important when investing in any asset class, is the valuation that you enter the market at. Silver is no different, but being a commodity rather than cash-flow producing asset, how does one value silver? It might not produce cash flows or pay dividends, but it does have a long history of being used as both money and as a monetary hedge, so this is the correct lense through which to examine the ‘valuation’ level of silver. + +Enter the SMOEC indicator. The SMOEC indicator tells you when silver is generationally undervalued and sets off a ‘smoke alarm’ that is the signal to start buying. In other words, SMOEC is a signal telling you when silver is about to smoke it up and get super high. + +Below, you will see a chart of the SMOEC indicator. SMOEC is calculated by dividing the monthly price of silver by the ratio shown above (M3/GDP). + +More specifically it is: LN(Silver Price / (M3/Nominal GDP)) + +Below you will see a chart of the SMOEC level from January 1965 through March 2021. + + + +https://preview.redd.it/h6tfe4kvguo61.png?width=905&format=png&auto=webp&s=64a5e124ddf99608ab11470b0492fa9642553df2 + +I want to bring your attention to the blue long-term trendline for SMOEC, and how it can be used to help indicate when investing in silver is likely a good idea. Essentially, when growth in money supply is faster than growth of the economy, AND silver has been underinvested in as an asset class long enough, the SMOEC alarm is triggered as it hits this blue line. + +Since 1965, SMOEC has only touched this trendline three times. + +The first occurrence was in October 1971, where SMOEC bottomed at 0.79 and proceeded to increase 3.41 points over the next eight years to peak at 4.20 in February of 1980 (literally 420, I told you it was a sign silver was about to get high). Silver rose from $1.31 to $36.13, or a 2,658% gain using the end of month values (the daily close trough to peak was even greater). Over this same period, the S&P 500 returned only 67% with dividends reinvested. Silver, a metal with no cash flows, outperformed equities by a multiple of 40x over this period of 8.5 years (neither return is adjusted for inflation). This is partially due to the fact that the Hunt Brothers took delivery of so many contracts that it caused a short squeeze on top of the fundamentals-based rally. + +The second time the SMOEC alarm was triggered was when SMOEC dropped to a ratio of 2.10 in November of 2001 and proceeded to increase 2.32 points over the next decade to peak at 4.42 in April of 2011. Silver rose from $4.14 to $48.60, an increase of over 1000%, and this was during a ‘lost decade’ for equities. The S&P 500 with dividends reinvested, returned only 41% in this 9.5-year period. Silver outperformed equities by a multiple of 24x (neither figure adjusted for inflation). There was no short squeeze involved in this bull market. + +Over the long term, it would be expected that cash flow producing assets would outperform silver, but over specific 8-10 year periods of time, silver can outperform other asset classes by many multiples. And in a true hyperinflationary environment where currency collapse is occurring, silver drastically outperforms. Just look at the Venezuelan stock market during their recent currency collapse. Investors received gains in the millions of percentage points, but in real terms (inflation adjusted) they actually lost 94%. This is an example of a situation where silver would be a far better asset to own than equities. + +https://preview.redd.it/77j9noo9huo61.png?width=676&format=png&auto=webp&s=8c794b8d8b8e339ebeac5757add7cf7492a8949a + +I in no way think this is coming to the United States. I do think inflation will rise, and the value of the dollar will fall, but it will be nothing even close to a currency collapse. Fortunately for silver investors, a currency collapse isn’t necessary for silver to outperform equity returns by over 10x during the next decade. + +Back to SMOEC though: + +The third time the SMOEC alarm was triggered was very recently in April of 2020 when it hit a level of 2.91. Silver was priced at $14.96, at a time the money supply was and still is increasing at a historically high rate, combined with the previous decade’s massive underinvestment in Silver (coming off of the 2011 highs). Starting in April 2020, silver has since risen to a SMOEC level of 3.37 as of March 2021. Silver is 0.46 points into a rally that I think could mirror the 1970s and push silver’s SMOEC level up by over 3.4 points once again. + +&#x200B; + +Remember that this indicator is on a LN scale, where each point is actually an exponential increase in the price of silver. Here is a chart to help you mentally digest what the price of silver would be at various SMOEC level and M3/GDP combinations. (LN scale because silver is nature’s money, so it just felt right) + +The yellow highlighted box is where silver was in April of 2020 and the blue highlighted box is close to where it is as of March 2021. + +https://preview.redd.it/9ifpvs0nhuo61.png?width=644&format=png&auto=webp&s=5b93f28cee346f858fcb50edb3ce1981faf010cf + +**An increase of 3.4 points from the bottom in in April of 2020 would mean a silver price of over $500 an ounce before this decade is out. And there’s really no reason it must stop there.** + +The recent money supply growth has been extreme, and as the US government continues to implement MMT related policies with massive debt driven deficits, it is expected that monetary expansion will continue. This is why bonds and have been selling off recently, and why yields are soaring. Long term treasuries just experienced their first bear market since 1980 (a drop of 20% or more). The 40-year bull market bond streak just ended. What was the situation like the last time bonds had a bear market? Massively higher inflation and precious metals prices. + +&#x200B; + +https://preview.redd.it/ziw7ob5phuo61.png?width=864&format=png&auto=webp&s=9d02a7db92e2325c8ae8c5ab7450f6c682d04d90 + +This inflation expectation is showing up in surging breakeven inflation rates. And this trend is showing very little sign of letting up, just look at the 5-year expected inflation rate: + + + +https://preview.redd.it/dyp2056qhuo61.png?width=618&format=png&auto=webp&s=1aa926d50b73015ff6106b64c546d79c60369ec6 + +Inflation expectations are rising because we are actually starting to put money into the hands of real people rather than simply adding to bank reserves through QE. Stimulus checks, higher unemployment benefits, child tax credit expansion, PPP grants, deferral of loan payments, and likely some outright debt forgiveness soon as well. Whether or not you agree with these programs is irrelevant. They are not funded by increased taxes, they are funded through debt and money creation financed by the fed. As structural unemployment remains high (low unemployment is a fed mandate), I don’t see these programs letting up, and in fact I would be betting that further social safety net expansion is on the way. The $1.9 trillion bill was just passed, and it’s rumored the upcoming ‘infrastructure’ bill is going to be between $3-4 trillion. + +This is the trap that the fed finds itself in. Inflation expectations are pushing yields higher, but the nation’s debt levels (public and private) have expanded so much that raising rates would crush the nation fiscally through higher interest payments. Raising rates would also likely increase unemployment in the short run, during a time that unemployment is already high. So they won’t raise rates to stop inflation because the costs of doing so are more unpalatable than the inflation itself. They will keep short term rates at 0%, and begin to implement yield curve control where they put a cap on long term yields (as was done in the 1940s, the only other time debt levels were this high). So where does the air come out of this bubble, if the fed can’t raise rates at a time of expanding inflation? The value of the dollar. We will see a much lower dollar in terms of the goods it can buy, and likely in terms of other currencies as well (depending on how much money creation they perform). + +The other problem with the fed’s policy of keeping rates low for extended durations of time (like has been the case since 2008), is that it actually breeds higher structural unemployment. In the short term, unemployment is impacted by interest rate shifts, but in the longer-term lower interest rates decrease the number of jobs available. Every company would like to fire as many people as possible to cut costs, and when they brag about creating jobs, know that the decision was never about jobs, but rather that jobs are a byproduct of expansion and are used as a bargaining chip to secure favorable tax credits and subsidies. Recently, the best way to get rid of workers is through automation. + +Robotics and AI are advancing rapidly and can increasingly be used to completely replace workers. The debate every company has is whether its worth paying a worker $40k every year or buying a robot that costs $200k up front and $5k a year to do that job. The reason they would buy the robot is because after so many years, there comes a point where the company will have saved money by doing so, because it is only paying $5k a year in up-keep versus $40k a year in salary and benefits. The cost of buying the robot is that it likely requires financing to pay that high of a price up front. In this situation, at 10% interest rates, the breakeven point for buying the robot versus employing a human is roughly 8 years. At 2% interest rates though, the breakeven investment timeline for purchasing the robot is only 4 years. + +&#x200B; + +The business environment is uncertain, and deciding to purchase a robot with the thought that it will pay off starting 8 years from now is much riskier than making a decision that will pay off starting only 4 years from now. This trade off between employing people versus robots and AI is only becoming clearer too. Inflation puts natural upward pressure on wages, governments are mandating higher minimum wages are costlier benefits as well. There’s also the rising cost of healthcare that employers provide as well. Meanwhile the costs of robotics and AI are plummeting. The equation is tipped evermore towards capital versus labor, and the fed exacerbates this trend by ensuring the cost of capital is as low as possible via low interest rates. + +On top of the automation trend, low interest rates drive mergers and acquisitions which also drive higher structural unemployment. In an industry with 3 competitors, the trend for the last 40 years has been for one massive corporation to simply purchase its competitor and fire half the workers (you don’t need 2 accounting departments after all). How can one $50 billion corporation afford to borrow $45 billion to purchase its massive competitor? Because long term low interest rates allow it to borrow the money in a way that the interest payments are affordable. Lacking competitive pressures, the industry now stagnates in terms of innovation which hurts long term growth in both wages and employment. Of course, our absolutely spineless anti-trust enforcement is partially to blame for this issue as well. + +The fed is keeping interest rates low over long periods of time to help fix unemployment, when in reality low interest rates exacerbate unemployment and income inequality (execs get higher pay when they do layoffs and when they acquire competitors). **The fed’s solution to the problem is contributing to making the problem larger, and they’ll keep giving us more of the solution until the problem is fixed.** And as structural unemployment continues, universal basic income and other social safety net policies will expand, funded by debt. Excess debt then further encourages the fed to keep interest rates low, because who wants to cut off benefits to people in need? And then low long term interest rates create more unemployment and more need for the safety nets. It’s a vicious cycle, but one that is extremely positive for the price of precious metals, especially silver. + +And guess what expensive robotics, electric vehicles, satellites, rockets, medical imaging tech, solar panels, and a bevy of other fast-growing technologies utilize as an input? Silver. Silver’s industrial demand is driven by the fact that compared to other elements it is the best conductor of electricity, its highly reflective, and it extremely durable. So, encouraging more capital investment in these industries via green government mandates and via low interest rates only drives demand for silver further. + +One might wonder how with high unemployment we can actually get inflation. Well government is more than replacing lost income so far, just take a look at how disposable income has trended during this time of high unemployment. It’s also notable that all of the political momentum is in the direction of increasing incomes through government programs even further. + + + +https://preview.redd.it/1lh1uc7shuo61.png?width=864&format=png&auto=webp&s=4e7173278d6cf25987cf42ca93fd64caeed499c2 + +The spark of inflation is what ignites rallies in precious metals like silver, and these rallies typically extend far beyond what the inflation rates would justify on their own. This is because precious metals are insurance against fiat collapse. People don’t worry about fiat insurance when inflation is low, but when inflation rises it becomes very relevant at a time that there isn’t much capacity to satisfy the surge in demand for this insurance. Sure, inflation might only peak at 5% or 10% and while silver rises 100%, but if things spiral out of control its worth paying for silver even after a big rally, because the equities you hold aren’t going to be worth much in real terms if the wheels truly came off the wagon. The Venezuela example proves that fact, but even during the 1970s equities had negative real rates of return and the US never had hyperinflation, just high inflation. + +During these times of higher inflation, holders of PMs aren’t necessarily expecting a fiat collapse, they just want 1%, 5%, or even 10% of their portfolio to be allocated to holding gold and silver as a hedge. During the 40-year bond bull market of decreasing inflation this portfolio allocation to precious metals lost favor, and virtually no one has it any longer. I can guarantee most people don’t even have the options of buying gold or silver in their 401ks, let alone actually owning any. The move back into having even a small precious metals allocation it is what drives silver up by 30x or more. + +&#x200B; + +Now it is time to dive deeper into the other contributor to the silver bull market, **the short squeeze.** + +There are plenty of banks talking about a commodities super cycle, and a ‘green’ commodity super cycle where they upgrade metals like copper, but they never mention silver. Likely because banks have a massive net short position in silver. + +Lets dig into the silver squeeze, starting with the silver market itself. + +Silver is priced in the futures market, and its price is based on 1000oz commercial bars. A futures market allows buyers and sellers of a commodity to come to agreement on a price for a specific amount of that commodity at a specific date in the future. Most buyers in the futures market are speculators rather than entities who actually want to take delivery of the commodity. So once their contract date nears, they close out their contracts and ‘roll’ them over to a future date. Historically, only a tiny percentage of the longs take delivery, but the existence of this ability to take delivery is what gives these markets their legitimacy. If the right to take delivery didn’t exist, then the market wouldn’t be a true market for silver. Delivery is what keeps the price anchored to reality. + +&#x200B; + +Industrial players and large-scale investors who want to acquire large amounts of physical silver don’t typically do it through the futures market. They instead use primary dealers who operate outside of the futures market, because taking delivery of futures is actually a massive pain in the ass. They only do it if they really have to. Deliveries only surge in the futures market when supply is so tight that silver from the primary dealers starts to be priced at a large premium to the futures price, thus incentivizing taking delivery. Despite setting the index price for the entire silver market, the futures exchange is really more of a supplier of last resort than a main player in the physical market. + +Most shorts (the sellers) in the futures market also source their silver from sources outside of exchange warehouses for the occasional times they are called to deliver. The COMEX has an inventory of ‘registered’ silver that is effectively a big pile of silver that exists as a last resort source to meet delivery demand if supply ever gets very tight. But even as deliveries are made each month, you will typically see next to no movement among the registered silver because silver is still available to source from primary dealers. + +So how have deliveries and registered ounces been trending recently? + +Let’s take a quick look at the first quarter deliveries in 2021 compared to the first quarter in previous years: + +https://preview.redd.it/3o4eda0zhuo61.png?width=669&format=png&auto=webp&s=5212d0ec99fa8fadc3e87d7d97da0327f9bd9a06 + +After adding in the 3.6 million ounces of open interest remaining in the current March contract (anyone holding this late in the month is taking delivery), 1Q 2021 would reach 78 million ounces delivered. This is a massive increase relative to previous years, and also an all-time record for Q1 from the data that I can find. + +Even more stark, is the chart showing deliveries on a 12-month trailing basis. + +Note: You have to view this on an annual basis because the futures market has 5 main delivery months and 7 less active months, so using a shorter time frame would involve cutting out an unequal share of the 5 primary months depending on what time of year it is. + +https://preview.redd.it/y0zbsru0iuo61.png?width=724&format=png&auto=webp&s=db5619336c219421bc93c10be859dd581814fdb7 + +As you can see from the chart, starting in the month of April 2020, deliveries have gone completely parabolic. While silver doesn’t need deliveries to spike for a rally to occur, a spike in deliveries is the primary ingredient for a short squeeze. The 2001-2011 rally didn’t involve a short squeeze for example, so it ‘only’ caused silver to rise 10x. In the 2020s however, we have a fundamentals-based rally that is running headlong into a surge in deliveries that is extremely close to triggering a short squeeze. + +In fact this is visible when looking at the chart of inventories at the COMEX. + +&#x200B; + +https://preview.redd.it/0wd4lwgqkuo61.png?width=827&format=png&auto=webp&s=1bf26d8204bc0817457ebe56a6354ba7ede4ad8e + +As you can see from the graph and the chart above, COMEX inventories are beginning to decline at a rapid pace. To explain a bit further, the ‘eligible’ category of COMEX is silver that has moved from registered status to delivered. It is called ‘eligible’ because even though the ownership of the silver has transferred to the entity who requested delivery, they haven’t taken it out of the warehouse. It is technically eligible become ‘registered’ if the owner decided to sell it. However, the fact that it is in the eligible category means that it would likely require higher silver prices for the owner to decide to sell. + +The current path of silver in the futures market is that registered ounces are being delivered, they then become eligible, and entities are actually taking their eligible stocks out of COMEX warehouses and into the real physical world. This is a sign that the futures market is currently the silver supplier of last resort. And there are only 127 million ounces left in the registered category. 1/3 of an ounce, or roughly $10 worth of silver is left in the supply of last resort for every American. If just 1% of Americans purchased $1,000 worth of the PSLV ETF, it would be equivalent to 127 million ounces of silver, the entire registered inventory of the COMEX. That’s how tight this market is. + +Right now we are sending most Americans a $1,400 check. If 1% of them converted it to silver through PSLV, this market could truly explode higher. + +And lest you think this surge in deliveries is going to stop any time soon, just take a look at how the April contract’s open interest is trending at a record high level: + +https://preview.redd.it/knr5kwz7iuo61.png?width=779&format=png&auto=webp&s=c07edc45ea6d245cb58ff972cc93b847861d6c6e + +It looks almost unreal. And keep in mind the other high points in this chart were records unto themselves. That light brown line was February 2021, and look how its deliveries compared to previous years: + +https://preview.redd.it/pf93niaaiuo61.png?width=480&format=png&auto=webp&s=4835e10de33e28790f7c588858c883df25f44949 + +12 million ounces were delivered in the month of February 2021. A month that is not a primary delivery month, and which exceeded previous year’s February totals by a multiple of 4x. Open interest for February peaked at 8 million ounces, which means that an additional 4 million ounces were opened and delivered within the delivery window itself. + +April’s open interest is currently at a level of 15 million ounces and rising. If it followed a similar pattern to February of intra-month deliveries being added, it could potentially see deliveries of over 20 million ounces. 20 million ounces in a non-active month would be completely unheard of and is more than most primary delivery months used to see. + +Here’s what 20 million ounces delivered in April would look like compared to previous years: + +https://preview.redd.it/9qehkardiuo61.png?width=478&format=png&auto=webp&s=eeeaccab17039c03f9b8214dabfce7dea377ea18 + +So just how tenuous is the situation that the shorts have put themselves in (yes CFTC, the shorts did this to themselves)? Well let’s look at the next active delivery month of May: + + + +https://preview.redd.it/1lgflbrhiuo61.png?width=860&format=png&auto=webp&s=a84d4fe485a9a5a0cafeb7e6d8a40f99a88049a0 + +https://preview.redd.it/j3u861k0juo61.png?width=271&format=png&auto=webp&s=eee4cc550f8b790a913f7ce073ae9afe8e6f5230 + +If a larger percentage than usual take delivery in May, there is easily enough open interest to cause a true run on silver. With 127 million ounces in the registered category, and 652 million ounces in the money, most of it from futures rather than options, the short interest as a % of the float is roughly 513%. Its simply a matter of whether the longs decide to call the bluff of the shorts. + +No long contract holder wants to be left holding the last contract when the COMEX declares ‘force majeure’ and defaults on its delivery obligations. This means that they will be settled in cash rather than silver, and won’t get to participate in the further upside of the move right when its likely going parabolic. As registered inventories dwindle, longs are incentivized to take physical delivery just so that they can guarantee they will be able to remain long silver. + +Of course, the COMEX could always prevent a default by simply allowing silver to continue trading higher. There is always silver available if the price is high enough. Like the situation with GameStop, the authorities have historically tended to interfere with the silver market during previous short squeezes where longs begin to take delivery in large quantities. + +There were always shares of GME available to purchase, it’s just that the price had not reached what the longs were demanding quite yet. Given that it was the powerful connected elite of society who were short GME though, the trade was shut down and rigged against the millions of retail traders. The GME short squeeze may indeed return, because in this situation it’s millions of small individuals holding GME. While they were able to temporarily prevent purchases of GME, they can’t force them to sell. + +In the silver short squeeze of the 1970s, that’s exactly what the authorities forced the Hunt Brothers (the duo that orchestrated the squeeze) to do, [they forced them to sell](https://www.businessinsider.com/hunt-brothers-trying-to-corner-silver-market-2016-5). The difference this time is that it’s not a squeeze orchestrated by a single entity, but rather millions of individuals who are purchasing silver. There is no collusion on the long side among a small group of actors like in the 70s with the Hunt brothers or when Warren Buffet squeezed silver in the late 90s, so there’s no basis to stop the squeeze. + +The regulators literally pulled a ‘GameStop’ on the silver market. Or in reality, the more recent action with GameStop was regulators pulling a ‘silver’. The regulators will try everything in their power to prevent the squeeze from happening again, but this time it’s not two brothers and a couple of Saudi princes buying millions of ounces each (or just Warren Buffet on his own), but rather it’s millions of retail investors buying a few ounces each. There is no cornering the market going on. This is actual silver demand running headlong into a silver market that banks have irresponsibly shorted to such a level that they deserve the losses that hit them. They’ve been manipulating and toying with silver investors for decades and profiting off of illegal collusion. Bailing out the banks as their losses pile up would be truly reprehensible action by our government, and tacit admission that our government is ok with a few big banks on the short side stealing billions from small individual investors. + +So what are these games of manipulation that the banks have played? + +**The general theme could be described as this: If banks hold the silver, the price is allowed to rise, but if you hold the silver, the price is forced to fall.** – Unless their bluff is truly called, and short squeeze occurs. Which means that the paper supply (contract silver that exists in the form of short futures contracts) has to be bought back at far higher prices to prevent further margin calls and possible insolvency. + +When the silver squeeze began in late January, there was a flurry of media interviews and articles by experts who claimed that a retail driven short squeeze just isn’t possible. Why were they so confident? Because the banks have owned this game since futures began trading, and retail buyers don’t purchase 1000oz bars, they tend to purchase 1oz coins. + +These small unit coins and bars are produced by mints both public and private. These mints take 1000oz bars and use them to produce smaller silver bars and coins, but there is a limit to their production capacity. In normal times a mint might produce 5 million ounces a year, and in a time like today when demand is surging maybe they run the machines 24 hours a day and pump that production up to 10 million ounces in a year. Does this add to demand for 1000oz bars? Yes, but the amount that it can add is capped at the production capacity of the mints. Beyond the amount production can be ramped up, demand simply pushes premiums for these small units of silver higher, rather than the price of silver itself. The large banks who are short 1000oz bars know that demand from this channel is capped, and thus they feel perfectly safe remaining in, or even increasing their short positions when retail coin and bar demand surges. + +Once small unit silver premiums soar, the next place retail investors start to place money is in silver ETFs, primarily the SLV ETF. This is where the real fucking over of retail silver investors starts. + +Jeff Currie from Goldman had an interview on February 4th where he dismissed the idea of a silver short squeeze, and he had one line that was especially profound, + +“In terms of thinking how are you going to create a squeeze, the shorts are the ETFs, the ETFs buy the physical, they turn around and sell on the COMEX.” – Jeff Currie of Goldman + +This was shocking to holders of SLV, because SLV is a long-only silver ETF. They simply buy silver as inflows occur and keep that silver in a vault. They have no price risk, if the price of silver declines, it’s the investors who lose money, not the ETF itself so there is no need to hedge by shorting on the COMEX. Further, their prospectus prohibits them from participating in the futures market at all. So how is the ETF shorting silver? + +They aren’t. The iShares SLV ETF is not shorting silver, its custodian, JP Morgan is shorting silver. This is what Jeff Currie meant when he said the shorts are the ETFs. Moreover, he said it with a tone like this fact should be plainly obvious to all of the dumb retail investors. He truly meant what he said. + +What is a custodian you ask? The custodian of the ETF is the entity that actually buys, sells, and stores the silver. All iShares does is market the ETF and collect the fees. When money comes in they notify their custodian and their custodian sends them an updated list of silver bars that are allocated to the ETF. + +But no real open market purchases of silver are occurring. Instead, JPM (and a few sub custodian banks) accumulated a large amount of silver, segmented it off into LBMA vaults, and simply trade back and forth with the ETFs as they receive inflows. **Thus, ensuring that ETF inflows never actually impact the true open market trade of silver.** When the SLV receives inflows, JPM sells silver from the segmented off vaults, and then proceeds to short silver on the futures exchange. As the price drops, silver investors become disheartened and sell their SLV, thus selling the silver back to JPM at a lower price. It’s a continuous scalp trade that nets JPM and the banks billions in profits. Here’s a diagram to help you sort it out: + + + +[Reduce, reuse, recycle](https://preview.redd.it/b8patrd4juo61.png?width=864&format=png&auto=webp&s=733303b57df19c5133ea50432dc6068640b543a0) + +An even more clear admission that SLV doesn’t impact the real silver market came on February 3rd when it changed its prospectus to state that it might not be possible to acquire additional silver in the near future. What does this even mean? Why would it not be possible to acquire additional silver? As long as the ETF is willing to pay a higher price, more silver will be available to purchase. But if the ETF doesn’t participate in the real silver market, that’s actually not the case. What SLV was admitting here, was that the silver in the JPM segmented off vaults might run out, and that they refuse to bid up the price of silver in the open market. They will not purchase silver to accumulate additional inflows, beyond what JPM will allow them to. + +&#x200B; + +If you are purchasing SLV thinking you are purchasing silver on the open market, you could not be more wrong. **Purchasing SLV is the best way for a silver investor to shoot themselves directly in the face.** + +The real issue here is that purchasing SLV doesn’t actually impact the market price of silver one bit. The price is determined completely separately on the futures exchange. SLV doesn’t purchase futures contracts and then take delivery of silver, it just uses JPM as a custodian who allocates more silver to their vault from an existing, controlled supply. This is an extremely strange phenomenon in markets, and its unnatural. + +For example, when millions of people buy Tesla stock, it puts a direct bid under the price of the stock, causing the price to rise. + +When millions of people put money into the USO oil ETF, that fund then purchases oil futures contracts directly, which puts a bid under the price of oil. + +But when millions of people buy SLV, it does nothing at all to directly impact the price of silver. The price of silver is determined separately, and SLV is completely in the position of price taker. + +So how do we know banks like JPM are shorting on the futures market whenever SLV experiences inflows? Well luckily for us the CFTC publishes the ‘bank participation report’ which shows exactly how banks are positioned on the futures market. + +The chart below shows SLV YoY change in shares outstanding which are evidence of inflows and outflows to the ETF. The orange line is the net short position of all banks participating in the silver futures market. The series runs from April-2007 through February-2021. I use a 12M trailing avg of the banks’ net position to smooth out the awkward lumpiness caused by the fact that futures have 5 primary delivery months per year, and this causes cyclicality in the level of open interest depending on time of year. + + + +https://preview.redd.it/vydektr6juo61.png?width=849&format=png&auto=webp&s=a68f0678d992f1c30c33a84436034dbabe133f8d + +It is evident that as SLV experiences inflows, banks add to short positions on the COMEX, and as SLV experiences outflows they reduce these short positions. What’s also evident is that the short interest of the banks has grown over time, which is also why silver is ripe for a potential short squeeze. + +One other thing that is evident, is that the trend of banks shorting when SLV receives inflows, is starting to break down. Specifically, beginning in the summer of 2020, as deliveries began to surge, the net short interest among banks has actually declined as SLV has experienced inflows. It’s likely one or more banks see the risk, and the writing on the wall and is trying to exit before the squeeze happens. + +For further evidence of this theme of, “If banks hold the silver, the price is allowed to rise, but if you hold the silver, the price is forced to fall” look no further than the deliveries data itself, + +https://preview.redd.it/r9jxmp28juo61.png?width=869&format=png&auto=webp&s=62bfcaa15c404d6e9be8425ea739265c17282b82 + +You’ll notice that as long as investors didn’t actually want the silver to be delivered, the price of silver was allowed to rise, but whenever deliveries showed and uptick, the price would begin to fall once again. This is because the shorts know that they can decrease the price of all silver in the world by shorting on the COMEX, and then secure real physical silver from primary dealers to actually make delivery. Why pay a higher price to the dealers when you can simply add to shorts on the COMEX and push the price down, and then acquire the silver you need? + +But just like the graph of the bank net short position, you’ll notice that this relationship started to break down in 2020, and the price has started to rise alongside deliveries. **The short squeeze is underway, and the dam is about to break.** + +And lest you think I’m reaching with my accusations of price manipulation by JPM, why not just listen to what the department of Justice concluded? + +https://preview.redd.it/igxaamq4luo61.png?width=877&format=png&auto=webp&s=8a66830bff69ec316cb2c49b5fb2de495777b608 + +For JPM and the banks involved in the silver market, fines from regulators are just a cost of doing business. The only way to get banks to stop manipulating precious metals markets is to call the bluff, take delivery, and make them feel the losses of their short position. Silver is the best candidate for this to occur. + +SLV is by far the largest silver ETF in the world, with 600 million ounces of silver under its control, and its custodian was labeled a criminal enterprise for manipulation of silver markets. Why should silver investors ever put their money into a silver ETF where the entity that controls the silver is actively working against them, or at a minimum is a criminal enterprise? + +And let me know if you see a trend in the custodial vaults of the other popular silver ETFs: + + + +https://preview.redd.it/ulkem3jbjuo61.png?width=607&format=png&auto=webp&s=8f30331fc8817bf081ce4b4fdf316a51765f1396 + +Further exacerbating the lack of trust one should have in these ETFs, is the fact that they store the metal at the LBMA in London. Unlike the COMEX that has regular independent audits, the LBMA isn’t required to have independent audits, nor do independent audits occur. I’m not saying the silver isn’t there, but why not allow independent auditors in to provide more confidence? + +So what are investors to do in a rigged game like this? + +Well, there is currently one ETF that is outside this system, and which actually purchases silver on the open market as it receives inflows. That ETF is PSLV, from Sprott. Founded by Eric Sprott, a billionaire precious metals investor with a stake in nearly ever silver mine in the world, so you know his interests are aligned with the longs of the PSLV ETF (in desiring higher prices for silver via real price discovery). Further, Sprott buys its silver directly, it doesn’t have a separate entity doing the purchasing, it stores its silver at the Royal Canadian Mint rather than the LBMA, and it is independently audited. By purchasing the PSLV ETF, retail investors can actually acquire 1000oz bars and put a bid under the price of silver in the primary dealer marketplace. And if a premium occurs among primary dealers, deliveries will occur in the futures market. This is what is starting to happen right now. And this is happening after PSLV has added just 30 million ounces over 7 weeks. Imagine what will happen if investors create 100 million ounces of demand. + +Even a small portion of SLV investors switching to PSLV because they realize the custodian of SLV is a criminal enterprise, would create a massive groundswell of demand in the real physical silver market. + +I’d highly recommend at least some allocation to physical silver through PSLV, and actual physical bars and coins (when premiums come down to earth) as soon as possible. If you are a large player and can take delivery on the COMEX that is easily the cheapest and best route to get exposure as well. + +**Alternate plays with more risk and potential reward include silver miners, silver miner ETFs, and call options on these silver stocks.** + +**Whatever you do, don’t buy any silver ETFs that aren’t PSLV.** + +Silver is about to ride a rocket to the moon, the banks will get what they deserve, screw the suits, retail investors deserve to win for once, whether its silver or GME. It’s time the banks played by the rules of the system like the rest of us. + +&#x200B; + +Disclaimers: I am long PSLV and other silver plays. I am also a random guy on the internet and this entire post should be regarded as my opinion +Just as a contrast to this post here: [https://www.reddit.com/r/financialindependence/comments/jzwu5h/people\_who\_bought\_cheaperie\_smaller\_homes\_do\_you/](https://www.reddit.com/r/financialindependence/comments/jzwu5h/people_who_bought_cheaperie_smaller_homes_do_you/) +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! + +It’s an opinion piece, so take it with an obvious side of salt. + +**Article:** +https://www.scmp.com/week-asia/economics/article/3151634/evergrande-sinic-fantasia-tidal-wave-chinese-debt-about-sink + +**Body:** +> As we know, dirt in Australia is rich in important minerals and there is a lot of it. Early settlers discovered large quantities of iron ore deposits and digging it up to make iron became a meaningful business in the early 1900s. One hundred years or so later, the Australian economy has become more reliant than ever on revenues from iron ore. + +> Yet Australia’s mining is not driven by domestic consumption but rather by overseas buyers, with around two-thirds of its total 2020 export revenues coming from minerals shipped overseas. + +> Australia’s economic growth continued year after year, with no sign of a recession, and money sloshed around all sectors of the economy until the pandemic hit and almost everything slowed to a crawl. I say almost everything because iron kept being dug up at a rapid pace, along with copper ore and coal, to meet strong demand from the Chinese property sector and railway expansion, which also drove a strong upward trend in prices. In 2020, iron ore alone made up 41 per cent of all exports from Australia by value, at about A$149 billion. + +> Unfortunately, 2021 has proved to be the year that the merry-go-round stopped and Australia’s mining industry, and indeed its economy, reached a turning point. The era in which China could be trusted to buy an abundance of Australian dirt, and pay good money for it too, has come to an end – and probably for good. Three things have happened recently that dashed hopes that mining would drive the economic recovery. + +> China has become progressively less keen on spending hard currency on imports, as suggested by the way it suddenly backed away from Australian products in 2020 blamed on a trade spat. This included copper, sugar, timber, barley and the tons of lobsters it refused to pay for or allow in. It would appear Beijing is holding onto its hard currency, indicating it may be getting harder to obtain. + +> China’s demand for iron, coal and copper ore and concentrates are now in a very sharp decline as a pending tidal wave of debt threatens to destroy three property developers – Evergrande, Sinic and Fantasia – and signal the end of China’s building boom. China’s infamous ghost cities are now starting to be demolished, releasing large quantities of scrap iron and copper. The Financial Times estimates there is an abundance of idle property that could house 90 million people, though most likely it never will. This inventory of steel and copper will be recycled, as recycling is cheaper and more energy efficient than smelting from ores. This reduces the need for imported Australian coal. + +> In the 2020s all roads will lead to Beijing, with the expansion of China’s new empire through central Asia to Europe and then south to its new friends in Africa. China has new sources of raw materials and other goods, for which it won’t have to spend its hard-earned US dollar reserves, and the relationships are soundly sealed through loans and infrastructure projects. + +> Simply put, China will no longer need Australian iron, copper and, in time, coal. + +> Steel production in China has already been slashed. As the funding problems surrounding Evergrande mounted it was easy to see where demand would go when construction stopped. With iron ore prices running at twice their average of the past 15 years – US$200 per metric ton versus an average near US$100 per metric ton – why keep making new steel for the construction industry and just build inventory for the sake of it? + +> Demand from other industrial sectors and infrastructure buildout will remain – in particular for railways, with internal expansion clearly defined through 2035. And by demolishing unused buildings and freeing up steel, domestic recycling businesses will benefit. In July the National Development and Reform Commission stated that China’s increased use of scrap would be boosted to 320 million metric tons of steel by 2025, or 23 per cent. It also set ambitious targets for recycling of non-ferrous metals such as copper, aluminium and lead. + +> No matter what analysts say at the moment, as they recover from the shocks of recent weeks, we can safely assume that the effects of the building boom “bust” will last a very long time. Just ask the Japanese about theirs, which dragged on for twenty years. + +> So here is the problem: China is in no great rush to buy iron ore. Or copper, aluminium, or lead. And if it was, it would rather not pay hard currency for it. Restocking of new steel supplies is not likely to happen this year, and I have no faith in analyst predictions that iron ore prices will jump again by the end of the year. By the time the scrap is used up, abundant supplies will be available from Central and West Africa. + +> This is not news to the Australians, who were expecting that African mines would still take several years to come online before disrupting exports from Australia. And the Aussies had been on-site in Africa for years anyway, with lucrative contracts to develop mines for various African governments. However, progress was apparently too slow and China saw an opportunity to jump in. + +> In 2012, China imported about 70 per cent of all the world’s iron ore transported by sea, or about 680 million metric tons, in addition to its domestic production of about 280 million metric tons. About 60 per cent of the imported ore came from Australia. These days, the estimated total output from fully developed mines in West Africa’s Guinea and the Central African republics of Congo and Cameroon is between 400 million and 600 million tons annually – or almost the entire amount China was importing by sea in 2012. + +> In both African locations, massive infrastructure is needed to move the ore out. Two railway lines, one in each part of the continent, amount to about 550km-600km, and then there are port facilities and the machinery required at the mines themselves. Originally, Australian and British firms were looking to construct this, but they got squeezed out by firms using Chinese investment and contractors, which were rather favoured by the respective African governments. Given that Cameroon and Congo see 70 per cent of their financing requirements covered by the Chinese, new alliances were forged, and the Australians saw their licences revoked and stripped from them. + +> It’s now all over, except for the shouting. Large lawsuits are incoming, seeking damages through international arbitration against the African governments for several Australian and British interests totalling some US$40 billion. But this won’t help the Australian economy, even if anything actually gets paid out. + +> China’s property sector will need to adjust and looks likely to end in a property crunch similar to what happened in Japan, which experienced a long period in which property prices held up while transactions stopped – which did nothing to help homeowners or the construction industry and all its suppliers. + +> This suggests that the Australian government is going to have to think long and hard about what it can do domestically to replace the significant revenue streams that are disappearing as exports falter. In its own way, it may have to do something like China and try to boost domestic demand, or at least figure out another way to make money. Perhaps it can rebuild its decimated manufacturing industry and jump on the global supply chain squeeze? How about making semiconductors? A new strategy is needed, and it must be put in place quickly, perhaps importing manufacturing knowhow from Korea or Taiwan. + +> Australia’s example shows how relying on a single customer is too dangerous in business, be it in finance – where I have been caught out occasionally with a hedge fund client blowing up – or digging and selling dirt. At some point everything comes to an end – even your #1 customer. + +> Unfortunately, China’s warning shot for Australia, over lobsters, timber and soft commodities last year, came too late, and now there is a big hole to fill. + +> Neil Newman is a thematic portfolio strategist focused on pan-Asian equity markets +I among with a lot of people started invested during the 2020 crash and was watching a lot of videos recommending dividend investing. I still really enjoy dividend investing but I think with my age (20) I should go more for a growth route. I will not sell my dividend shares like $T, $mmm etc. But I will not continue to add to the positions and go for growth stocks instead. + +Any thoughts whether this is a good idea or not? +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) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +As the title says, there was a post recently in the gaming subreddit that was claiming that NFTs will ruin computer gaming further just like microtransactions did. + +However, I disagree with that statement. If NFTs were in DnD they would be a lawful neutral force, they are not good or evil they are just a tool and being a transparent and open tool it makes them more easy to keep track of. + +If anything NFTs should provide more consumer protection for digital game downloads than the present model of Microsoft being all like "trust me bra, we got this" until one day they just remove the game from the store and leave no public evidence that you ever owned it. + +However, I also 100% guarantee that game companies are going to use this to further monetise the market for pointless crap cosmetics and strip even more out of a game to sell back to the player later. + +But people shouldn't hate the technology, that's like hating the internet because game companies use the internet to download microtransactions, it really makes no sense. Hate the companies and hate the people buying their garbage. +* People used to pay each other in gold and silver. Difficult to transport. Difficult to divide. +* Paper money was invented. A claim to gold in a bank vault. Easier to transport and divide. +* Banks gave out more paper money than they had gold in the vault. They ran “fractional reserves”. A real money maker. But every now and then, banks collapsed because of runs on the bank. +* Central banking was invented. Central banks would be lenders of last resort. Runs on the bank were thus mitigated by banks guaranteeing each other’s deposits through a central bank. The risk of a bank run was not lowered. Its frequency was diminished and its impact was increased. After all, banks remained basically insolvent in this fractional reserve scheme. +* Banks would still get in trouble. But now, if one bank got in sufficient trouble, they would all be in trouble at the same time. Governments would have to step in to save them. +* All ties between the financial system and gold were severed in 1971 when Nixon decided that the USD would no longer be exchangeable for a fixed amount of gold. This exacerbated the problem, because there was now effectively no limit anymore on the amount of paper money that banks could create. +* From this moment on, all money was created as credit. Money ceased to be supported by an asset. When you take out a loan, money is created and lent to you. Banks expect this freshly minted money to be returned to them with interest. Sure, banks need to keep adequate reserves. But these reserves basically consist of the same credit-based money. And reserves are much lower than the loans they make. +* This led to an explosion in the money supply. The Federal Reserve stopped reporting M3 in 2006. But the ECB currently reports a yearly increase in the supply of the euro of about 5%. +* This leads to a yearly increase in prices. The price increase is somewhat lower than the increase in the money supply. This is because of increased productivity. Society gets better at producing stuff cheaper all the time. So, in absence of money creation you would expect prices to drop every year. That they don’t is the effect of money creation. +* What remains is an inflation rate in the 2% range. +* Banks have discovered that they can siphon off all the productivity increase + 2% every year, without people complaining too much. They accomplish this currently by increasing the money supply by 5% per year, getting this money returned to them at an interest. +* Apart from this insidious tax on society, banks take society hostage every couple of years. In case of a financial crisis, banks need bailouts or the system will collapse. +* Apart from these problems, banks and governments are now striving to do away with cash. This would mean that no two free men would be able to exchange money without intermediation by a bank. If you believe that to transact with others is a fundamental right, this should scare you. +* The absence of sound money was at the root of the problem. We were force-fed paper money because there were no good alternatives. Gold and silver remain difficult to use. +* When it was tried to launch a private currency backed by precious metals (Liberty dollar), this initiative was shut down because it undermined the U.S. currency system. Apparently, a currency alternative could only thrive if “nobody” launched it and if they was no central point of failure. +* What was needed was a peer-to-peer electronic cash system. This was what Satoshi Nakamoto described in 2009. It was a response to all the problems described above. That is why he labeled the genesis block with the text: “03/Jan/2009 Chancellor on brink of second bailout for banks.”. Bitcoin was meant to be an alternative to our current financial system. + +So, if you find yourself religiously checking some cryptocurrency’s price, or bogged down in discussions about the “one true bitcoin”, or constantly asking what currency to buy, please at least remember that we have bigger fish to fry. + +We are here to fix the financial system. + +Edit: wow, thanks for the gold! + +63yo male in Indiana. Former financial adviser had me move my 401K ($560,000.00) to cash. What type of funds should I move it to or should I just leave it in cash for now due to the volatility in the market? I plan on retiring next year. + +I was originally going to put $500K in an annuity but decided against it. So +all my funds are just sitting in cash. + +I'm worried if I go back in the market right now I could lose a big chunk of money. + +Any advice would be appreciated! +The past few weeks we averaged green, but a small correction now and then is inevitable. The red days is macro-driven and just systematic risk. European stocks dropped with U.S. equity futures today as the jump in bond yields and commodity prices continued to hammer technology shares. + +The Stoxx 600 Index turned lower, with tech among the laggards for a second straight day while energy shares did outperform. In the U.S., Nasdaq futures led declines after the tech-heavy gauge posted its longest losing streak in four months. + +Budding inflation bets spurred by the global economic recovery have added to scrutiny on stocks that have led the rally from the depths of the pandemic a year ago. + +One point of concern among investors is that broad benchmarks have already priced in (too) much of the prospective global recovery spurred by vaccines and U.S. stimulus. Another is that central banks may eventually start reconsidering their emergency purchase programs. + +Important to watch today are Jerome Powell when he testifies to the Senate Banking Committee and the House Financial Services panel tomorrow. Hopefully, Powell will play down inflation risk. + +These macro-event also affect penny stocks, probably to a larger degree since liquidity is lower here than for big caps. + +Main take-away: relax, do something else, go jogging, cooking, spend time with your loved ones or whatever else makes you happy. Staring to your screen will for sure not make you happy today. + +Edit: Powell did signal that the FED will remain buying bonds to aid the economy! Risk of inflation isn't that big of a deal right now. +🔥Built by the Phore Blockchain Team! 🔥 + +✅4 Years establishment + +✅100+ Years Combined Development Experience with... + +Get all the latest news in relation to the amazing 🌎 **Graphene**. Join their community! + +[https://t.me/GetGraphene](https://t.me/GetGraphene) + +💲Where to buy? Graphene 💲 + +[https://pancakeswap.finance/swap?outputCurrency=0xf209ce1960fb7e750ff30ba7794ea11c6acdc1f3](https://pancakeswap.finance/swap?outputCurrency=0xf209ce1960fb7e750ff30ba7794ea11c6acdc1f3) + +👉 What is Graphene token exactly? + +**Graphene** is a revolutionary Blockchain architecture which makes use of sharding technology and the Casper consensus protocol, with the potential capacity to process over 🚀 🚀 🚀 100,000 transactions per second. + +Having the ability to support high-performance execution of Turing-complete smart contracts, Graphene can support 📱 🌐dApps business models and allow the creation of 🔹🔸🔨 customized shards that are optimized for different use cases. + +The potential use cases for Graphene are limitless. + +👉 **Revolutionizing Technology** – with a revolutionary Blockchain architecture allowing over 100,000 transactions per second Graphene is a game changer ❗️❗️ + +Although Graphene is an extremely high level Blockchain architecture, it is comprised of only a few critical components, and can be broken down into such: + +\-**Beacon Chain** \- Handles all of the proof-of-stake and validator registration transactions. This acts as the “main” network chain that links all of the Graphene shards together as one secure, integrated blockchain ecosystem. + +\-**Validator Modules** \- Interact with the beacon module and are what produce blocks for the beacon chain. They also handle the user part of proof-of-stake functions. + +\-**Relayer Module** \- The data management portion of the system — keeps track of the entire state of each shard. + +\-**Shard Module** \- Acts as the “executor” for all of the side-chains. It executes the code for the side-chains and keeps them in sync with the beacon chain. + +\-**Cross-Links** \- Cross-links are used to finalize transactions that involve more than one shard, so they are used when moving balances from an address on one shard to an address on another shard. + +🔥Different Shards - Different Consensus Rules! 🔥 + +✅Do Transactions + +✅ Do Smart Contracts + +✅ Do DeFi + +✅ Do NFTs + +✅ Do Governance + +✅ Do Decentralization + +...All of this and more only on **Graphene**!!!! + +📈Contract address on BSC: + +0xf209ce1960fb7e750ff30ba7794ea11c6acdc1f3 + +🔗 Join the community and feel the great vibe! + +**Graphene** token’s team has given you a wide variety of social platforms that you can engage with and communicate with other people in the project. Right there you can contact the team and ask them anything you feel like it! I have done it myself and they are flawless in their response. + +🌐 Website: https://getgraphene.io/ + +📱 Telegram: https://t.me/GetGraphene + +🕊 Twitter: https://twitter.com/getgraphene + +🎮 Discord: [https://discord.com/invite/zvXfScC](https://discord.com/invite/zvXfScC) + +📰 Coingecko: [https://www.coingecko.com/en/coins/graphene](https://www.coingecko.com/en/coins/graphene) + +📰 Coinmarketcap: [https://coinmarketcap.com/currencies/graphene/](https://coinmarketcap.com/currencies/graphene/) +Hi, + +In a bad situation at the moment, I’m 30M and my wife 32F has just said she wants to get divorced. Not a great time emotionally but I’m trying to be rational and am coming here for advice on people who have been through the same and how it affected their finances through the divorce. + +I’m currently the higher earner (>100k/year) and my wife is a lower earner (<20k/year). + +We don’t have any joint assets, she has around £50k from inheritance in her bank which I don’t want to touch, she should keep that. + +We currently rent and I’m paying the vast majority of it. We have 5 months left on our lease. Im going to be moving out and am happy to pay for the remaining 5 months. + +It feels so weird and sad to say, but I doubt I’ll ever see her again after the next couple of weeks while we sort things out. + +Is the divorce going to be that easy? She keeps her £50k, we leave everything else as is? + +I don’t want to be a dick, I’m happy to pay for the rent etc for the remainder but I wouldn’t want to have to be paying a monthly amount to her afterwards (we have no kids). + +Obviously never been through anything like this before so please let me know if any more information is needed to answer + +Editing to add: I don’t currently have any savings, recently spent during a move. I don’t want to take any of hers + +Editing again to add: she’s not the devil, if she no longer wants to be with me that’s fine, better to know earlier than later (although this is kind of later!). My main reason for making the post was to ask if I will have to pay a monthly payment for ever which I wouldn’t be happy with. I don’t hate her, I don’t want to see her struggling so I’m happy to cover costs in the interim so she can get her self sorted out. I will be speaking to a lawyer after advice here to make sure I’m not shooting myself in the foot by doing this. +For me it was Suncor. I bought at 18 and watched it drop to 15. Everyone said oil is a terrible play and that I should consider a clean energy etf. While it wasnt my most profitable pick for 2020 and 2021 it was the most contrarian. + +Riding the wave if you get in early can be profitable, but chasing it can end up disastrous. Any body have any contrarian plays that turned profitable or any upcoming contrarian plays? +This is just a tip for first time buyers. + +You might see a mortgage advertisement offering 3.5% down or 5% down, depending on if it's FHA or conventional. + +You might think "all I need to put down is 3.5% or 5% of the purchase price?". Haha...no. + +To me, it seems a little misleading that the percent you have to "put down" is miles away from the "total". If you are required to put say $5,000 down to buy a car, sure there are more fees, but not literally thousands of dollars worth of fees and expenses. + +Using the average home price of $150k in my area, a 3.5 or 5 percent down payment works out to only $5,250 and $7,500 respectively. + +HOWEVER, with FHA loans you have to prepay some items like property taxes, mortgage insurance, etc, and your total "cost to close" including your down payment will be around $12,000\* + +While a conventional requires less prepayment of things, the higher down payment percentage pretty much cancels that out, and the total cost to close will be around $11,500\*. + +So if you are house shopping, keep all this in mind, because you might need more money than you originally planned on needing. If you want to keep a few grand put back for emergency funds, then you are talking needing an account balance of $15,000 to buy a $150,000 house, which is a good deal here, but impossible to find in other regions of the US. + +\* These figures were based on the property taxes and other location dependent costs. +What am I missing? Are there any risks of it I am not seeing? It’s literally SPY, but 3x per day, so in the long term if it goes up it will actually be more than 3x because of compounding. Which is why I am wondering if there are any risks I am overseeing. +I posted to this sub about two weeks ago when I was really anxious and depressed, and you all helped me a lot. Thank you. + +Well, things have only gotten worse since then. I am not checking my portfolio as obsessively anymore, but when I do, it is blood red and I feel sick to my stomach. I wish I had never started investing. Once this is all over, I think I am turned off from investing forever and back to just having my savings sit in the bank and do nothing. I can't take this. + +Just to recap, I started investing at the end of January. Put about 75% of my money into it, buying at ATHs like a complete f--ing idiot: + +• SCHG (50%) + +• ARKs, all of them, yikes (20%) + +• Now-dying stocks, like BB and PLTR (5% total) + +• Cash (25%) + +The sum of all this money constitutes my life savings (\~$22k) that I earned from years of dead-end jobs and saving meticulously. I thought I was being "smart", but I am clearly just bad at investing. I have been unemployed since last year covid and a huge medical emergency and was tired of my money doing "nothing", so wanted to invest it. Bad strategy and bad timing. + +I am sitting on massive losses right now, and being completely honest, I feel like these stocks will only plummet more. I don't see BB going back up to $20+. ARKK is looking more like Janus Twenty than ever. I bought in industries I actually liked and believed in (which is why I didn't buy AMC or RKT, despite the temptation), but clearly that wasn't good enough. + +Because this is my first year investing, I have never paid taxes on capital gains / losses. I have heard I can write off a max of $3000 as a loss … what does that mean, exactly? What happens if I cash out now with a loss more or less equal to that? + +Thanks all. +Just wondering if anyone else can beat this - or can work out anyway to get round it. + +We get child tax credits, and because we have 4, and one of the kids has a severe disability our award entitlement is quite large. The tapering of tax credits only ends at household earnings of 60k. + +So, from £50-60k I pay: + +* 40% income tax +* 3.25% NI +* We lose 33p in child benefit per £1 thanks to the HICBC +* We lose 41p in child tax credits per £1 due to the taper + +Add that up and you get to an effective marginal rate of 117.25%. + +I.e. we are better off as a household by £1172.50 if I keep my earnings at 50k, rather than 60k! + +I make use of pensions and any form of salary sacrifice I can get my hands on and with that I can bring down my PAYE below 50k - but still - it's extraordinary. Can anyone (sadly) beat it? +Just kind of a rant, but it annoys the hell out of me when people talk about market moves in points, like the DOW dropped 500 points today rather than just saying the DOW dropped 2% today (or whatever the equivalent is). Throwing out some arbitrary point value like 500 has not context to me without me actively looking up what the current price of the DOW is, while using a percentage gives me all the information in just a single metric. +>The company said it repurchased $5.1 billion worth in stock in May and June. Berkshire repurchased more than $4.6 billion of its Class B stock and about $486.6 million in Class A shares. + +>The share repurchase is the most ever in a single period for Buffett, nearly double the $2.2 billion the conglomerate bought back in the final quarter of 2019. In fact, the amount is slightly more than what Buffett spent buying back Berkshire stock in all of 2019. Despite the company’s record buybacks last quarter, the Berkshire’s cash hoard grew to more than $140 billion. + +>Operating profits for Berkshire fell 10% during the second quarter, dropping to $5.51 billion from $6.14 billion in the year-earlier period. The company also took a charge of approximately $10 billion from Precision Castparts, Berkshire’s largest business within its manufacturing segment. + +>Berkshire’s investments in public markets gained $34.5 billion in the quarter. That gain caused overall second-quarter net earnings to surge to $26.3 billion, up from $14.1 billion a year ago. However, unrealized gains from investments quarter to quarter are volatile and Buffett himself warns investors not to focus on that overall net earnings figure. + +[Full article on CNBC](https://www.cnbc.com/2020/08/08/berkshire-hathaway-earnings-q2-2020.html) +Helium Inu is a one month old BSC token that rewards holders in BUSD reflections. The development team is building an Unreal Engine 4 BNB Staking Battle Royale game, which allows players to stake BNB in the pre-game lobby for payout in the token of their choice. Helium Inu will be burned in every game, driving the value of the token slowly and steadily as time goes on. There is going to be NFT dApp integration with the game. NFTs are being hand painted, and will be usable as player characters in-game. No gameplay will be restricted to NFT ownership, as we don't believe in pay-to-win mechanics. Come check out the Telegram, we're friendly and actual real people. The TG isn't botted, which is a pretty huge red flag for most tokens. Marketing is being done in the form of billboards, banner ads on various websites, and a long-term social media campaign. + +Tokenomics: 10% TX Tax, broken down; + +5% BUSD rewards + +4% Liquidity Pool + +1% Marketing wallet + +CG applied + +CMC listed + +MemeTools listed + +Audit planned + +100/100 Tokensniffer score + +Liquidity locked + +Ownership renounced + +American and Swedish devs + +Contract: 0x799059f1b6ba7b85500e70c6d14230ceab4b14f8 + +Subreddit: r/heliuminu + +Telegram: [t.me/helium\_inu](https://t.me/helium_inu) + +Twitter: [twitter.com/HinuDev](https://twitter.com/HinuDev) +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! + +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.](https://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 +I see a lot of questions here posting a trading idea then asking “what am I missing?” + +It might be helpful to those asking to consider the following common “gotchas” generic to every trade: + +1. Have you thought about your probability of profit and weighed that against the size of risk you’re taking on relative to the reward? This is part calculation and part judgement call, and should at least be attempted. + +2. Are you trading an underlying that can be price modeled with the assumption that directional movements are Brownian? In other words, can you accurately calculate the expected move and probability of profit ahead of time? Good examples of underlyings where you can make this key assumption include SPY, IWM, QQQ. + +3. Have you considered how changes to volatility would skew your position and how likely that change is? + +4. Have you considered the liquidity of your position and how that will change when the sentiment surrounding the underlying changes? + +5. Have you thought about how changes to the underlying will impact your margin requirements? Remember that your broker can change margin requirements at any time without warning. + +6. Have you considered whether the underlying you are trading has risk of being temporarily limited or trading halted by your broker, introducing artificial risk to your position? + +7. Have you considered the risk of early assignment? + +8. Do you know why you have an edge going into the trade and does your reasoning make sense logically? + +9. Is your position sized properly relative to the risk? If your position is significant, do you have a hedge in place or a defensive strategy in case it goes against you? + +10. Do you have any experience making this type of trade in the past? It would be wise to consider trading small and safe at first with any new strategy you want to try until you get used to the mechanics. + +11. Do you know what percentage of premium you plan to take profits at and why? Do you understand how that number impacts your probability of profit? + +This is meant to be a friendly post, intended for those who want to trade with intent of improving their results over time. Hope it doesn’t come across as too critical. + +If you know your trade is a gamble and you’re willing to gamble you can ignore this, as it doesn’t apply to you anyway. Remember that it’s your money to gain or lose as you please, and this is not financial advice. + +Edit: [TLDR](https://imgur.com/a/8OOJtdz) +Folks who know me know I am the DD writer who all of the DRS enthusiasts love to hate. In the past I have written DD on the continuous net settlement system (CNS) within the DTC ([here](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/)), how options are being used to manipulate the stock ([here](https://www.reddit.com/r/Superstonk/comments/s13qbp/state_of_the_dip_jan_10_22/), [here](https://www.reddit.com/r/Superstonk/comments/snzn04/it_takes_money_to_buy_whisky_distilling_gmes/), and [here](https://www.reddit.com/r/Superstonk/comments/t20ims/it_takes_money_to_buy_options_distilling_gmes/)), I have dispelled longstanding myths about max pain ([here](https://www.reddit.com/r/Superstonk/comments/t39g2x/max_pain_a_story_of_a_dog_and_his_tail/)), and I have provided evidence that power law swaps have been and continue to be used by shorts to hide their position ([here](https://www.reddit.com/r/Superstonk/comments/t878i5/lets_all_dance_the_melvin_superswap/)). By far, the most engagement I have received about all of these DDs are folks that are angry that I am not pro-DRS. It is this extreme fervor surrounding the DRS movement on this sub that I am addressing in this post. + +To be clear, I am not anti-DRS. I do not think it is going to ultimately be harmful to the MOASS thesis. I am largely ambivalent to DRS because I remain unconvinced that DRS-ing the float will do any of the things that are being widely claimed on the sub (largely with no primary sources to support those claims). Because I do not see a clear theory of how DRS will help cause MOASS, I am concerned with those who are selling their shares to open a position at Computershare, which provides liquidity to the CNS (allowing them to roll more FTDs for longer), as well as those who are expending capital to move shares to DRS that could otherwise have been deployed on securities, but I do not think those concerns are large enough to really move the needle either way. + +What I do think will ultimately decide the fate of the Ape movement and Superstonk more specifically are the following observations: + +1. Superstonk has become increasingly ritualistic (posting DRS positions, repeating key phrases, fixating on key symbols). +2. Superstonk has increasingly fallen prey to the illusory truth effect, which is the tendency to believe false information through repeated exposure. +3. Superstonk has become increasingly intolerant of the critical evaluation of theories and any discussion about that criticism. +4. Superstonk is increasingly resorting to fear, uncertainty, and doubt to aggressively pressure members to DRS their shares. + +And I believe (but cannot say for sure) that observations 1-4 are leading to observation number 5: + +5. Sub engagement has declined significantly since the start of observations 1-4. + +This last point is critical. Given that the sub has now created the idea that the fastest, most probable way to MOASS is by DRSing 100% of the float, we have created what I believe to be the inevitable death of this sub. Allow me to explain using a graphic. + +&#x200B; + +[DRS or Death? The race is on.](https://preview.redd.it/0lt5d30h4to81.jpg?width=1292&format=pjpg&auto=webp&s=7aacde5fb77dcb8a34876d7188728a124df8e789) + +In this graph, I have plotted a logarithmic fit to the number of shares DRSed since Nov 20, 2021 using the trimmed average data from computershared dot net. At our current trend, it is anticipated that the retail float of roughly 35,000,000 will be locked up somewhere around November 2027, or six years from the start of the DRS movement. Further, to lock up the entire shares outstanding minus insider shares will take 20 years. Locking up all shares outstanding will take 30 years. Additionally, plotted in green are the number of daily comments on the sub over time. This data was fit with 3 different fits to get a sense of when the daily comments will drop to below 100 a day, when I consider the sub “mostly dead” (it would correspond to about a dozen active users a day). The linear decay is the most aggressive and is probably too aggressive. It predicts the sub will become dormant in about 4 months time. The exponential decay (which had the best fit) predicts the sub will become dormant in about 2.5 years. I threw the power law on there just to be fair to the power law fit on the DRS shares (the quality of the fit was fairly low), and it predicts we will decay much slower, to about 4,000 daily comments after 30 years. To try to determine which fit is the most likely, I looked at the comments per day for another social phenomenon, the subreddit for Tiger King, and found that the exponential function was the best fit with R\^2 = 0.9688, compared to R\^2 = 0.68 for linear, and R\^2 = 0.47 for power law fit. + +&#x200B; + +[Number of daily comments on the subreddit for Tiger King over time](https://preview.redd.it/tbcsh9n35to81.jpg?width=607&format=pjpg&auto=webp&s=3c7767073dd622a8a63a86667e3ffab16940d369) + +**So if nothing changes we can expect this sub to survive for 1-2 more years at it’s current rate, with only roughly 23,000,000 shares DRSed before the sub goes dormant.** + +Clearly our current course is not likely to succeed without expanding the ape movement to be more inclusive of new investors and more tolerant of personal decisions those investors make about their finances. We must return to the mantra that “we just like the stock.” We must stop attempting to pressure members of the sub to do certain things through fear, uncertainty, and doubt. We must stop our myopic obsession with DRS at the expense of all else. And we MUST remain skeptical and critical of anyone who attempts to sell a certain strategy with 100% certainty, especially for a system as complicated as the securities market. We must be humble and remember Ape vote, cycle theory, bastille day, and all of the other theories we were convinced would bring about MOASS that were wrong, and apply that same humility to the DRS thesis. + +If we want to go back to a time when we enjoyed much larger engagement, we must return to the time when we “just liked the stock.” I recognize I'm going to get a lot of pushback for this post, but I do write this post because I have spent a lot of time on this sub and I hope that it continues to thrive. But I can't make these changes myself. It must come from the entire community. + +Edit: Noice. + +&#x200B; + +https://preview.redd.it/hk3piduqzuo81.jpg?width=1060&format=pjpg&auto=webp&s=04d15acd3dbaf655efeb959570b99c263a3b6703 +Let me try to play a ~~EMT~~devil's advocate. + +Probably everybody here has read Peter Lynch or at least heard about him. One of his arguments was that retail investors have many edges against institutional money because of constraints and biases of the latter. + +Now, taking the retail community as a whole, which is trying to exploit those inefficiencies. Why do you think inefficiencies have not gone away, and why you can still beat the market, considering the fact that we are trying to exploit the same subset of securities, which big money rejects? +I ran a discounted cash flow model to determine the fair value of BABA. + +Link to video: https://youtu.be/PdvQaGzH7Nw + +BABA present fair value is $1388 based on my calculations/predictions making the stock insanely undervalued by almost 7x. +Would love to hear if some of you ran a similar model and what is your target price. +I'm not the most knowledgeable about market mechanics. Feel free to correct me if I get anything wrong. But I do understand the hedgies fud playbook. + +We knew that the closer we got to the end the gloves would come off. This limit buy change does nothing. Shills will want you to think it does. Scare you into not drs'ing because "you only get 3500". I already saw them in the thread with their talking points. The reality is that during moass if the price is in the millions and you put a limit sell for 3500, you will get a sell for millions due to NBBO. + +I don't agree with market sell but thats me personally. But a market sell will most likely get you rugged. There will be people/institutions low balling during moass if you market sell there is a possibility of getting low balled. Even though the current bid could be in the millions someone could snipe your shares during the volatility. Market orders are meant to be filled as fast as possible. + +In the end no one knows what will happen. But this should not discourage people from DRS. This is 100% fuckery by the broker and not CS. Pulling shares out of hedgies hands to stop them from printing more synthetics is what has helped us get this far. + +This is the reason given for the change. Also if the price rises higher than the limit they will raise it again I imagine. + +**"The change has become necessary because the volume of very high limit orders being placed through our systems has increased significantly over the last six months and is now so high that the total value of open orders risks exceeding the overall risk cap set by our broker. A high proportion of these limit orders (which mostly span just two securities) are submitted at limits that are many thousands of times the prevailing market price for the relevant security. Whenever those limit orders do not execute, they negatively impact the overall risk cap calculation."** + +National Best Bid and Offer Information + +[https://www.investopedia.com/terms/n/nbbo.asp](https://www.investopedia.com/terms/n/nbbo.asp) + +Market order vs Limit order information + +[https://www.investopedia.com/ask/answers/100314/whats-difference-between-market-order-and-limit-order.asp](https://www.investopedia.com/ask/answers/100314/whats-difference-between-market-order-and-limit-order.asp) + +Edit: I just want to mention another tactic that I want to mention since they will likely shift upon seeing this thread. They will question everything, even if they are given an answer they will continue to try and sow doubt. It is reasonable to ask questions. But you can tell by how someone writes something if they are legitimately confused or just trying to fud people. I know there are legitimately angry people. But to them I say I understand you but this changes nothing. If you feel overwhelmed reddit isn't the best place to express it because there are people looking to take advantage of that. It's best to do things with a clear head. +Link : https://twitter.com/larryvc/status/1473301802971971586?t=XKxdKVMkDsF-mAZNEL92WA&s=19 + +It seems that with every foundational technology shift, those vested in the old model, largely dismiss, if not mock, the new model. Investing in a new model that a lot of smart and experienced people says "makes no sense" is the hardest part of traversing the shift. + +Mobile shift: When I was a young 20-something VC, the managing partner of my firm said it "made no sense" that people would text instead of just call. It was a reasonable statement at the time, texting was hard (3-tap, no intercarrier texting, etc.). + +SaaS shift: Early/mid 2000's, I spoke with many CIOs of highly respected IT organizations who thought it "made no sense" to store important customer and internal data on someone else's servers. Unthinkable that legitimate organizations who care about security would adopt it... + +Social media shift: How many people mocked twitter when it first came out with "sitting in my chair now" tweets? Why would you want to post about every little thing in your day to the entire world? Makes no sense.. + +E-Commerce shift: Yeah, you can buy commodity books online, but who in their right mind would buy shoes online? You have to try them on! Who would buy a sofa online? You have to sit in it. You can never sell pet food online, the math will never work. Makes no sense... + +Gig-economy shift: Who exactly would want to get into the car of a stranger? Makes no sense... + +Crypto/Web3 shift: People are buying glorified JPEGs for a million dollars? People are buying cryptocurrencies backed by nothing? Makes no sense... + +This is why I always have to check myself when I think something makes no sense. Am I the one who doesn't get it? The more I don't think something makes sense, the more I realize I have to learn about it. + +The challenge with traversing the shift if you've grown up in the old model is that people who are native to the new model will move faster than you. Transitioning away from your comfort zone to run full speed ahead on something that "makes no sense" is the hardest discipline. + +This guy is really something. + +Edit: For newer Apes, Larry is on the board of directors for GameStop. + +After reading through his tweets, he's pointing out to a really big shift that's on our way, we need to look out for. May be ppl won't get it right away, but we just gotta believe and accept it. + +Tits are jacked. Not financial advice. +https://finance.yahoo.com/news/costco-selling-17-5k-private-015459424.html + +The wholesale retailer sells a one-year membership to a private jet charter company called Wheels Up, which allows members to book a private jet “as easily as a ride share or short-term vacation rental,” the product description says. + +Although the $17,499.99 membership is quite a hefty fee, it also comes with a $3,500 Costco Shop Card and $4,000 worth of flight credit. + +Other benefits include “dedicated account management,” a one-year membership with Inspirato, a luxury vacation rental subscription service and “guaranteed nationwide aircraft availability up to 365 days a year,” according to the description. + +Costco is selling almost everything. This program is good for business travelers and offer convenient way of avoiding crowd. Costco is really a solid non tech stock, and investors could hold it expecting further growth. + +Thanks for the awards. +As per my title, within the last 3 months my partner (25F) has gone self employed and on track to make around £80-100k this year with a very very niche line of work. + +I, work as a healthcare assistant and earn £9.74 per hour, currently about to finish an online access course to nursing. + +Ever since she started her work, it’s been great for us.. but it’s making me feel like a failure! Before she worked in a cafe, and we would work 60+ hours to make it work and managed to buy a house etc. I was planning on studying to become a nurse, but now the pressure of bringing in more income is getting to me, I opted out of applying for university this year, to really think about how I can earn more money for us. + +The stress of our income difference is heavily bothering me, I have no motivation to work a 12 hour shift for £100, when my partner can go and make £100 an hour, I feel like an absolute failure. How do others deal with the feeling like crap compared to you partners? + +Also, in regards to my career, I feel stuck in a rut, I have not many skills, only GCSE English and Maths at grade C, I just found out that apprenticeships are out of my reach due to not being 18-24.. entry roles normally require 5 GCSES. I’m lost with how to get a decent job, that can eventually pay well or I could atleast gain some valuable skills!? + +How does an adult, with gaps in their CV due to years of travelling, with very little skills, get on the right path to a decent career? + +Thanks UKPF + +EDIT - Thank you everyone, I received some solid advice in response to MY emotions and how I feel, aswell as some great career advice that I will definately be following up and looking into. I really appreciate it! +Hey guys, I (M26) am a final year medical student who is current pursuing my degree overseas. + +I come from a humble family and as such, had taken up loans of about ~300k from close relatives which I have to eventually pay back. + +I am looking at accomodations for this final year of studies, and am debating hard with myself if I should rent a nice little studio apartment for myself. My family lives in a tiny house back home, and both my parents are extreme hoarders and not the tidiest people, so I would really appreciate having a comfortable place to live in before I move back with my family for the next decade or so. However, doing this would mean that I wipe out nearly 3/4 of my current savings (7k out of 10k) + +Would this be a dumb financial move? + +Thanks y'all. +Not even sure if it this matters, but I feel like I should tell my story. + +Im the odd man out when it comes to a group of friends that are in the financial business. But I am close with one friend who had a bachelor party this weekend. + +The party was at the lake house of the chief regulatory officer for One of the firms mentioned. They are mentioned only a few times in the Maxine Waters report dropped on Friday or so he said (I’m still trying to catch up and read the report. Long weekend.) + +So sat morning we are sitting on the deck shooting the shit, and someone brings up latest SCOTUS news. The guy says “Thank god for that”. And then proceeds to tell us how perfect the timing was for the SCOTUS decision because it completely muffled the meme report. He spent most of the day Friday reviewing legal documents about this report. + +He then went on and started talking about Crisis management and how his days were hell around the sneeze. I have video of him talking about this. (Damn right I started recording) but I’m not sure if I should post. But one of the things he said word for word was: + +“That’s the report I was reviewing Friday all day. We were mentioned a couple times out of 138 pages so we totally missed it, it focused on like 9 other firms. But we stopped trading in GameStop and popcorn (he said the letters) because one of our clearing brokers was about to go out of business.” + +This is all a trust me bro source. Although I’m sure there are ways I could prove it. But my tits are so jacked from hearing how nervous they are right NOW. And they ain’t even one of the big firms. He also ended the conversation bashing retail and how we are trash for what we are doing. He has no idea I’m a 100% DRS’d Diamond handed ape. 😂 + +Not sure what to flair this so I’ll just choose Speculation/opinion. + +Keep holding apes, they are scared. 🚀 +Today I got $22.01 in my account from KOF (Coca Cola Femsa, Latin American bottler of Coke, look them up!). It's a really nice feeling. + +I have my Roth IRA in index funds because the US and world markets have 40 years to grow before I need to touch that money. But I dunno about you guys, but my life as a 30 year old isn't totally certain yet. I didn't settle down and get a comfy office job that's going to pay me reliably for the rest of my life, nor do I have the intention of doing so. So part of the money I'm investing now (which is not all my savings, I keep some on hand) is money that I might need in 3 years, 5 years, 10 years. I don't plan on taking the investment out, but I would like to know that I have something that pays me reliably and that I can turn off DRIP if extra income ever becomes necessary. + +So it's nice. For those of you who have large income streams, go ahead, buy your Teslas and YOLO away. But me, I can't afford to do that. The guys who doubled their money with Tesla or TQQQ are probably laughing at my measly 22 bucks today. But 22 bucks to me is a lot. That's almost 2 hours of tutoring for me (one part of my job). And the best part? It's 22 bucks that I can rely on regularly without the need to gamble, speculate, or be worried about the state of the world economy or financial markets. + +People with different strategies or ways of living, more power to you! I wish I was making more money than I am and could afford to go riskier. But this is the way I've chosen, and I'm happy to say that I've found a way that works for me. I imagine there may be others like me. + +Cheers! +I love to watch political commentators on youtube, but I feel like they are often wrong about basic economics. Are there any youtubers that make videos about economic news (price of oil, covid19, etc.) +Hello, 21M here. I recently finished my UG. I have a job offer in hand and am excited to begin my journey as an independent man. I was fortunate to receive financial advice from family and friends. Most of them mentioned delayed gratification as a way to live a stress-free, successful life. But, personally, I'm concerned that our lives could come to an abrupt halt. I'm having trouble striking a balance between spending in my youth and saving for retirement. Have you ever been in a situation like this? Please let me know if you have any suggestions or tips. + +Thank you in advance.... + +Edit: Wow, this is my first time on Reddit, and I wasn't expecting such a large response. I feel like I'm part of a nice community where I can get advice and share my ideas... + +Thank you to everyone who gave up their time and offered some sound advise and life lessons. Please accept my apologies if I haven't responded personally, but I am reading all of your suggestions. +So.. Lloyds shares are trading around the 28p mark at the moment - I know the dividends have been cut and there's huge uncertainty about how long this pandemic will go on for... + +But at 28p, does anyone think it's worth investing in? + +I'm a complete newbie when it comes to investing - 22 years old and just recently started with index funds and thinking about dipping my toes in some shares.. (hoping to capitalise on low prices during the crisis) + +Even if it takes a couple of years, I'd have thought that Lloyds can ride this one out, given that the banks are hopefully in a much stronger position than they were 10 years ago. If they do, surely there's some profit to be made if their share prices can eventually return to previous levels. + +What are your thoughts about Lloyds, and in general about investing in this current climate? :) +(throwaway account) + + +My mum, who is married, has approx. £300k from inheritance. + +She wants to add my name to her bank account 'in case anything happens to her'. + +If she was to die, she'd want me and my two siblings to share the money equally. For reasons I won't go in to, she doesn't want her husband to get anything. + +I suggested this doesn't feel like the right way of doing things. Surely the right thing to do is get a will in place rather than adding me to the bank account? + +I understand this might be a legal question for the most part, but the reason I'm posting in UKPersonalFinance is because I want to know if there are any unforeseen risks of being put on someone else's bank account? + +Could it affect my credit risk and ability to get a mortgage in the future? +$TITANO is now live on [Stocktwits](https://stocktwits.com/symbol/TITANO.X). We are now on the radar of over **6 million investors and traders.** + + +Titano is a DeFi 3.0 project that has created the Titano Autostaking Protocol TAP, as the foundation for its next generation DeFi products and services including to $Titano token. + + +*TAP makes Titano products easy to use, safe, and highly profitable for Titano token holders. Now we are Turning on the TAP.* + + +* The $TITANO token has the highest fixed APY in DeFi. 102,483% +* Titano is the easiest Autostaking auto-compounding token in crypto. **Just hold in your wallet and get rewards. We call it** **Buy-Hold-Earn.** +* Titano pays fixed rebase rewards every 30 minutes / 48 times per day. +* The Titano website has an app that let’s you track your current rewards and calculate your future rewards. + +**Also there are no lockup periods for the tokens, sell whenever you like.** + +❇️ **What is the $TITANO Token?** + +>The $TITANO Token is an elastic token which through a positive rebase formula allows $TITANO holders earn staking rewards just by holding the token. The token is autostaking and auto-compounding. + +❇️ **How much is the APY generated?** + +>Titano offers the HIGHEST FIXED APY in DeFi 102,483.58% which is a daily ROI (Daily Return of Investment) of 1.8999%. This ROI compounds automatically. + +❇️ **How the APY is sustainable?** + +>The elevated interest is sustained by the RFV (Risk Free Value) which receives fees from the token trading volume. A percentage of these fees is dedicated to create a collateral value for the generated APY which backs the Positive Rebase. + +❇️ **How do you earn Interest without Staking?** + +>When you buy the $Titano token it is automatically staked right in your wallet. We offer $Titano holders a simpler way to receive staking rewards. Simply Buy-Hold-Earn! + +❇️ **Quick Titano Facts:** + +* The $Titano Token is on BSC Smart Chain. +* Token has an elastic supply. +* We have more than 18.000 wallet holders in 40 days. +* We are audited with **Solidity Finance** and currently under audit by **Certik.** +* We have more than 25,000 people in our social media and growing fast. +* We have completely upgraded our Website and White Paper. +* Our roadmap includes lots of exciting projects including a Web 3.0 mobile app, Titano P.L.A.Y. and Gaming, NFTs and Metaverse projects. + +🟦 **Titano Links:** +🌎 Linktree: [https://linktr.ee/titano.finance](https://linktr.ee/titano.finance) +Apologies for the lack of Uranium and nuclear industry updates of late. It has been a busy quarter. + +For those interested, back in September 2020 I posted an initial uranium bull market thesis in ASX\_bets with an updated version re-posted in February along with ASX positions and target prices. See link here for [in-depth Uranium Market DD post](https://www.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/) and the summaries of the ASX key players. + +# Peninsular Energy (PEN) Update + +Peninsular Energy (PEN), was previously once one of the greatest market hopefuls and one of ASX\_Bets most favorite meme tickers for all the penis jokes that come with the ticker. But more recently it has had a rough ride over last 3 months and it would only be just to provide some insight and understanding as well as what is lined up for the future. + +But before diving into what happened, here's a quick brief about who PEN are and what they have: + +* · ASX listed company with existing in-situ recovery (ISR) uranium mine in Wyoming USA. +* · **Historically have produced** high grade U3O8 and supplied a number of large nuclear utility groups in Europe +* · Mine production currently halted as they undergo optimisation works and to wait out market price recovery. Their view is ‘why should we produce our high grade uranium resource at these low prices when we can buy on market and sell direct to our customers’. +* · They are the **ONLY existing ASX junior** with a current running uranium **supply contract book** – they have ongoing contracts with European utilities netting US$8-9million per year extending to 2030. +* · **US$6.8mill cash in bank** and zero debt. 893.4m shares on issue **A$112mill Market cap** +* · 6months and for US$6mill for mine restart – re-iterated in latest interview \*more info below\* +* · After positive PFS, currently trialing new field demonstration with low pH (in replacement of alkaline mix) in a section of the mine lease not previously insitu-recovered. + +# PEN Share Price Recap & Events + +I've noted the key market, industry and ASX\_bets events per the annotated 6month chart and table below + +https://preview.redd.it/6oxtm0zmvuv61.png?width=1005&format=png&auto=webp&s=000c01b1a318316e3cf76d524eb3407d7ccf2318 + +https://preview.redd.it/mr5d99i8xuv61.png?width=915&format=png&auto=webp&s=96840f9916ce3f7af64057ed07d9a2ef2fa25d5c + +\* /u/Mutated_Cunt's letter from ASX\_Bets Shareholders to PEN CEO - [see link here for some lols](https://www.reddit.com/r/ASX_Bets/comments/lxfpkw/peninsula_energy_shareholder_letter_final_draft/) + +# Field Demonstration Updates - from Sub-Avg to Favorably Improved - i.e. the Science of the Mine + +**2015 – present**: Lance project, Wyoming is established as alkaline in-situ recovery (ISR) mine. They pump an alkline solution subsurface, which dissolves uranium and other minerals then they pump it up extraction wells and process the solution. a very cost effective and minimised environmental impact compared to underground or open pit uranium mining. + +**Early 2019**: Field Leach Trial (FLT) – conducted on previously mined area that used alkaline ISR techniques successfully demonstrated the ability to modify the system pH of 2.0 (i.e alkaline to acid) and then restore back to pH of 5.0. + +**Aug 2020**: after extensive lab testing of low-pH ISR they commenced operations of a field demonstration operated in an un-mined area of the ore-body. Purpose was to test scale of lab to field and if successful begin to change all future mining operations to low pH chemical use over alkaline + +**26th-Feb-21:** **Demonstration update** [announcement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02347252-6A1022235?access_token=83ff96335c2d45a094df02a206a39ff4) : they had achieved the designed flow rates into the ore body BUT also stated it was consuming more acid than modeled AND was taking longer than expected for the injection patterns to reach the target pH. They said they expect the ion exchange (uranium extraction solution) to increase as the recovery stream approaches the target pH and oxidation levels and at that time the ion exchange demonstration plant will be activated. + +They concluded that the field demonstration will now run for 18-24 months, an increase of 6months from original timeframe, such to collect “more valuable data on the low-pH process performance”. + +**On this news the share price took a big hit** from $0.175 to sub $0.1 (PEN-10 became the revised meme on ASX\_bets). + +It would seem most took the announcement on face value of it being very negative and it changes everything for PEN. But in fact nothing had really changed other than their demonstration was taking longer. The existing mine hadn’t been changed (trial was conducted in previously unmined section) and the cost and timeframe to restart production – using the their existing alkaline system hadn’t changed. Regardless though, market reacted. + +**13th-Apr-21:** **Latest field demonstration** [update](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02362842-6A1028126?access_token=83ff96335c2d45a094df02a206a39ff4)**:** They had modified the injection test pattern and incorporated a new oxidant resulting in improve response time, target pH levels close to being achieved and uranium in recovery solution increases. They had also activated the pilot uranium recovery circuit and noted the field demonstration is expected to be completed by 1h-2022. + +Below is new injection test pattern + +https://preview.redd.it/ftw4fvc2zuv61.png?width=669&format=png&auto=webp&s=d818cc8dcec4e7aab4ded96ff306f611c7d866ac + +The share price has since recovered somewhat from lows of $0.096 to levels around $0.12-0.13 (up \~35% from recent lows) + +# PEN – Near Term Future and Events to Look Out For + +A recent (12th-April) interview with Wayne Heli (CEO) on the Crux Investor led to some further key developments and potential news for PEN. + +Key points: + +* **PEN is in a fantastic position regarding start-up capital and timing** +* Wayne Heli -“At a point where we will make an investment decision to return our project to production..we are faced with US$6million investment for converting our project from alkaline insitu recovery facility that it is now to a low pH (acidic) ISR facility we inspire to have.” +* This will generate lower operating costs and higher productivity rates +* US$6mill to do that and approx 6months time frame from investment decision – “those numbers haven’t changed even with continued assessment” +* **Looking at $12-15million of new well field investment** +* · They can start for $6mill but will be looking for additional capital before they have production returns +* · New well field – carries about 1-1.5mlbs U3O8 +* · Current production rate is 1.1mlbs/annum +* · Total resource of 52mlbs – theres no deficiency of resource, but need to build new well fields to recover. + +&#x200B; + +* **US Department of Energy are moving forward to bring uranium reserve to reality** + * 1st year funding was US$75million, and then noted that future year funding should be in order of US$150mill/yr + * i.e. more uranium purchasing in the future at higher levels – US goal to increase support for uranium in maintaining infrastructure in US for production, conversion, enriching and nuclear energy supply. + * Would PEN be looking to work themselves into that? Answer: "Pen is always seeking more contracts to increase their production profile to sell uranium at appropriate prices". +* Wayne Heli - “We believe the US government will provide that opportunity for us. We are certainly qualified as a US uranium producers to participate in that program. AND to the fullest extent that we can we will participate.” + +**Who’s Wayne Heli?** + +Wayne Heli – PEN CEO: is the former president of Uranium producers of America & was president and CEO of Ur-Energy. Wayne has helped to start a number of ISR mines throughout Wyoming with former companies and is well versed in the technology and extractive methods being utilised by PEN. + +# Key Post Take aways + +1. Field demonstration testing is providing favorable results with **improved response time and uranium recovery rates** +2. Contract book for U3O8 supply has been increased to US$8-9million for CY 2022, on top of the $4mill from FY2021 +3. Low upfront capital to convert and restart mine, though additional capital is set to be required to build future well fields. i.e. \*\***There will likely be a capital raising of $12-$15mill to expand production targets**\*\* most likely to institutional investors like most companies have done. +4. **US Uranium Strategic Reserve fund** has been approved and gaining traction. PEN is set to be a likely candidate and have said they will to the fullest extent intend to participate – I.e. US government supply contracts --> $$$ +5. Share price is still recovering from March lows though it shouldn’t be too far off from the **PEN15 club** unleashing their plethora of penis jokes and memes. + +**Notes:** I am a holder of PEN, as well as 5 other uranium stocks and options (BMN, BOE, LOT, DYL, DYLO and DNN on the US market). I hold a strong conviction for the unfolding uranium bull market and intend to ride it over the next 3-5 years, while taking out profits at certain target price points. Below is my updated previously posted rocket rating and target price points. Note I've downgraded PEN slightly from 5 to 4.5; upgraded BOE from 4.5 to 5 and added BMN to my holdings. These are my own calculated target prices where I intend to take profits out of the holdings. + +[ASX Uranium Rocket Rating](https://preview.redd.it/oahgvv352vv61.png?width=906&format=png&auto=webp&s=8ece4680108a4965bf8620bbfa41a271fe459a99) + +May your tendies be radioactive and the bull's balls glow bright green ☢️☢️☢️ 🐂📈💰 +Update: I called the hospital and the woman said its *totally normal* to be billed a year later and to call my insurance company. So I guess that's my next step. I'm just so tired of US healthcare right now. :/ + +I just got an email saying that I had a new bill on MyChart. I logged on and saw that instead of the $500 I was working on paying off, my total was now almost $4000! When I looked, I saw that my insurance company had reached out to the hospital to track down some information and suddenly the hospital "remembered" that I had $3500 charges from last September (almost a year ago!) and applied that to my previous total. This is coming after a fight which ended in my insurance company paying them $15,500 which left that $500 I was paying off. I'm pissed that if my insurance hadn't reached out to them, they probably wouldn't have noticed, and I'd have paid off my account in the next few months. + +Guys, I don't know what to do. I can't afford that. I'm already paying $400 a month in medical bills alone, plus $200 in utilities and $1000 in rent. I'm pregnant as well. + +The funny thing is, they addressed the new statement to my 11 month old daughter. The statement literally states that ***she*** needs to explain why her insurance isn't covering it, why she can't afford it, etc. Do I write back on her behalf and say that she's unemployed, does not have a bank account, and will not be able to pay off this debt until she's at least 16 and legally employable? I mean... How do I navigate this situation? +I started thinking about buying an apartment in Warsaw. I have been living here for 7 years, currently I am renting a flat for 700 euros a month. My monthly earnings are around 4k euro net - b2b contract - Java developer. I have 45k in bonds and approximately 14k invested in the FTSE ALL WORLD ETF. + +The idea is to take a mortgage for an apartment - the price of the apartment is around 110k euro, 40k down payment. From what I can see from the calculations, the loan installment is 400 euros per month. + +The question is is this a good time to buy? I can see how fast real estate prices are rising in Warsaw and I am afraid that by delaying the decision to buy, I will only lose. I personally don't feel the need to own my own property, but isn't it wise to own it? Friends who bought an apartment in the same area 4 years ago paid 1.3k euro per square meter. Currently its 2k euro. What if in 5 years I will decide to buy a flat and the prices will be 50% higher and my savings will be burned out by inflation in the meantime. How can I hedge against rising real estate prices? +Since I am still kind of young, I am looking for growth companies that are still mature enough to have a bit of a dividend paying history, but will really start paying a good dividend in 10-20 years. +Let's talk numbers - + +Rental yield is around 3-4% in most places. Given the annual maintenance expenses, let's call it 3% + +Home loan rates hover around 7.5% right now conservatively assuming. + +80c is usually full for most people so you save additional 70k max on tax (30% of 2L). + +Now, if I want to buy an apartment worth 50L, and get a loan of 45L at 7.5% for 10 years, then total interest I would have to pay is 19L. Interest rates will float throughout but sake of simplicity of calculation I am ignoring that. + +Now lets see what I earn, 30% of 19L is 5.7L saved in taxes. Rent at 3% is 1.5L per year and for sake of keeping calculations simple, if that is the constant rental rate, then total rent in 10 years is 15L. So total 20L meaning the earnings cancel out the interest paid to bank. + +Now the biggest question, Depreciation. How does it work for apartments. Apartments get old. Not much modifications can be done. A 10 year old apartment wouldn't sell for much. If there is an old apartment and a new apartment in same locality, the new apartment will most likely attract higher rental rate. And if I plan to sell a 10-15 year old apartment, what will I get, 70L, 80L? + +Would the CAGR justify not putting this money into say, PPF or Index funds or ELSS? +https://economictimes.indiatimes.com/markets/bonds/negative-yields-come-to-india-as-rbi-tries-to-put-a-leash-on-short-sellers/articleshow/81589359.cms + +>The ongoing tussle between the Reserve Bank of India (RBI) and government bond traders has seen a fresh twist. In a historic first for the Indian bond market, the central bank on Friday enabled quotes for negative yields on government securities in the negotiated dealing system – order matching (NDS-OM) to choke short sellers in the bond market, who have run amok in recent weeks. + +>Bond dealers said the 6.17 per cent government bond maturing in 2021 was offered at a yield of minus 1.5 per cent, a first in the government securities market. + +>“Earlier, there was no functionality for negative order on the NDS-OM, now it seems RBI has enabled that through the CCIL (Clearing Corporation of India). That is the only change,” said a dealer with a large state-owned bank. + +>The move has several implications. For starters, it now means in the event where short sellers are scampering to cover positions, yield on the bond could push below zero. In a scenario where a bond yields negative interest rate, it means the bond purchaser will technically have to pay the government for the bond it holds. + +>Bond market experts said the move may help RBI put a leash on short sellers, who in recent weeks have gained much confidence because of rising bond yields globally and amid concerns over a torrent of bond supply from the government. + +>While RBI’s move is likely to slow the pace of rise in yields, bond traders believe ultimately the trajectory of bond yields will hinge on the developing macroeconomic scenario. + +*** + +[First Negative-Yield Quote Causes Flutter in India Bond Market](https://www.bloomberg.com/news/articles/2021-03-20/first-negative-yield-quote-causes-flutter-in-india-s-bond-market) + +>A negative yield was quoted for the first time ever on India’s sovereign bond trading platform Friday, traders said, triggering intense speculation about the motive. + +>The 6.17% bond maturing in 2021 was offered at a negative yield of around 1.5%, according to traders who saw the quote on the Clearing Corporation of India’s Negotiated Dealing System -- Order Matching, or NDS-OM platform. + +>Banks and financial institutions typically have internal risk management systems that prevent occurrences like negative yields caused by manual errors. Traders therefore speculated that the system was manually overriden, which caused a negative yield quote. + +>The Clearing Corporation later in the day emailed traders to clarify that there was no change on its end to the way the system operates on inputting prices and the calculation of yields. Bloomberg News has seen a copy of the email. A bank placed a wrong price quote, which led to a negative yield as the paper was nearing maturity, according to people with knowledge of the matter, who asked not to be identified as the details aren’t public. + +>The point of concern for traders was that if negative rates begin to show up in the Clearcorp Repo Order Matching System, or CROMS platform, it could make it costlier to short Indian bonds. + +>If the rate dips into negative territory, it would become costlier for traders to borrow bonds -- effectively imposing a penalty on short-sellers. + +>The bond that was offered at a negative yield of around 1.5% closed trading at 3.57% on Friday. +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). +Hi all, mother inlaw was left with no savings or retirement accounts. She has $674.00 in SS income and $330.00 in SNAP benefits per month. Her food is taken care of and her rent. Realistically what can I and her children start or contribute to insure the rest of her life/retirement is even slightly more comfortable? + +I guess in a way I'm asking is, what would you do for your mother in law in that situation? A ROTH? Hire a fiduciary? +Thanks in advance. I will do my own do diligence research into any suggestions provided. + +EDIT: thank you everyone for your input the general consensus seems to be that she needs to get a job and she needs to get roommates of her own age and possibly the children and I could start some sort of index fund for her. Most of you are right we are not responsible for her and her husband's poor decisions in life but that's my wife's mom and I'd like to do at least something for her. +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 situation is complicated but essentially I was pushed into a role that I neither enjoy nor excel in. I was supposed to be moved to a role I thought would be a much better fit but a variety of factors as me to believe I’m actually going to be let go in two hours. Is there anything I can do to try to prevent this or prepare for it? Thank you in advance. +Friend of mine lives in a large apartment complex, and recently got a letter saying they were ramping the rent up $60 a week. + +Ridiculous? apparently they knew that as well because after multiple rounds of "I can't afford that" and "I'm sure we can work an alternative out" they dropped it to 'only' $15 a week increase. + +So yeah, leave no increase unquestioned, they will see how much they can get away with, particularly if they have multiple properties as buffer. +Question for everyone. I have a 4 unit, and rents are $650, $650, $625, $525. The $625 is month to month (will increase soon).. the $650 just signed after previous rent of $600 (prior seller.. I took over 7 months ago) didn’t raise their rents since 2020. + +The question - The tenant who pays $525 has been a renter since 2016, and hasn’t had increase since. He’s a good tenant, and could stay long term (been there already 6 years). He’s too low right now. I want to get him to $650 to be same as everyone else and standardize things (market rent is $675-700). I am just not sure if going from $525 to $650 is aggressive. + +The issue is I have to bridge 6 years of no rent payments fast, as expenses are rising costs of utilities, property maintenance, etc. + +I was thinking I take him to $600 and increase again next year… that way I’m meeting half way w hopes of having him stay (no turnover) + +Or just take him to $650, and if he moves he moves. Not ideal, but also not ideal to not make $ on investments. + +Thoughts? +Hi everyone. Lots of great input across the board on this sub, so I was hoping to run a somewhat unique (I think) situation by folks to get some opinions. My partner and I currently live in an apartment in a HCOL city (NYC, SF). We're thinking about buying a home in a suburb (Greenwich, Mill Valley). We'd also like to keep our city apartment as a long term investment, as we think there will be significant long term appreciation and we are locked in to a great 30 yr mortgage with very reasonable property tax / HOA carrying costs. No kids for at least 3-4 years. + +&#x200B; + +* Early 30's. Both working in finance (think PE/Growth/VC) +* My cash take home: \~750k at the low end this year, likely growing 6-8% annually over the next few years as fund size grows and I get more senior +* Partner cash take home: $250k this year but a promotion happening later this year will bump that up to $350k +* This does not include significant carry and deal bonus payments (more on this below) +* Total NW currently: $2.1M. \~400k of equity tied up in the apartment, \~$600k in retirement accounts +* No major debt outside of mortgage ($700k) and a bit left on a car +* Truthfully we've not run an incredibly detailed budget, as we've just started sharing finances and we weren't earning this much until fairly recently. But I'd estimate we'll save at least $300k a year at this income level. Likely more but being conservative +* Here's where things get a bit interesting... I've got just under $10M of carry at my fund, with that figure growing to $18-20M in the next 18 months with a new fund close. \~6M of the 10 is currently vested in older funds that are performing very well +* Based on fund performance and estimated upcoming distributions, I'll be receiving \~$2.5M of carried interest payments, post tax, in the next 1-3 years. Considering how things are trending, likely $5-7M at the minimum over the next 3-5 years. After that is a total unknown, but given the significant carried interest dollars it could be $10M+, even if we have mediocre performance going forward. +* None of this counts deal specific bonuses, which could be in the $250-350k range this year + +The homes we are looking at are in the $2.7-$3.3M range. We are fully underwritten for a 2.9% jumbo with \~650k down. Are we insane for considering something like this? Would love some input here. We can definitely afford it based on our salaries, but a huge amount of our NW will be tied to a single metro's real estate, and we will have a very significant mortgage/tax bill each month. With that said, we have significant visibility to $5M+ of NW in a short timeframe, and $10M+ more likely in the next 3-5 years with upside to $20M+ if my fund performs. None of this counts carried interest my partner will be receiving at the new role. + +Thanks for reading! + +&#x200B; + +**Amazing feedback so far from everyone. Can't believe how in tune this sub is with issues I thought would be impossible to discuss anonymously online. Thank you.** +This thought occurred to me when considering that I have several siblings that each have more money than I do, but who persist in working at jobs that are definitely not their "best life". + +Quitting a job with status to be retired can be challenging. Status is a game we play in social interactions all the time. Since I retired, I notice this game most when meeting old friends. They want to know what I have been doing since I left work. I feel slight internal pressure to have interesting things to tell them. + +Retiring from a 40+ hour/week can be challenging. The 40+ hour work week organized my life in so many small insidious ways. Every choice about how I spent my time/life was anchored in the week vs weekend and how long is PTO and how long will it take to get to my job in the morning. Giving that up leaves you in great jubilation (for months), but eventually I had to build some anchors into my day (morning ritual, exercise, long term projects and short term goal setting). + +I think for my siblings, these two barriers (status and time) are enough to keep them working no matter how much money they have banked. They will eventually quit work, but they may have a rough time. The work to do before retirement is (1) learn how to feel good about one's self without the status of being a "boss". (2) Identify and pursue passions outside of work that will give wings to one's days when the 40 hour/week shackles have fallen away. +Clearly I am a retard. I am on WSB. But I am a bigger retard in currencies. So here is my question. Why is the Russian currency outperforming the USD? + +Initially it did what was expected, it crashed, but now it is gaining value. It is even stronger than before the war,... + +Thanks guys, also to those who don't help and just give retarded commentary. I know where I am, it is ok ;-) + +https://preview.redd.it/ufmtv2f0oq991.png?width=1956&format=png&auto=webp&s=6f026763def3d62ee4655e9051a346003f8e08b1 +Yesterday I noticed an unusual deposit of around $1000 in my checking account, and then an ATM withdrawal for a smaller amount of money. I called the bank to clarify and let them know that I hadn't done either of those things. The person on the phone told me that a new card had been opened in my account and that I needed to talk with the branch manager who issued it--they would call me back the next day. + +Throughout the rest of the night, this debit card made an alarming number of purchases to the point where I filed identity theft complaints and froze my credit (per the instructions on this sub), and transferred all of the money out of my checking account. Spoke with folks at the bank again, they told me, again, that it was clear that my identity was stolen and that they'd have a specialist call me during business hours. + +Spoke with specialist today and, APPARENTLY, someone else with my exact name asked for a new debit card on their account and they were given a debit card to MY account. The bank person gave someone access to my account because of a "human error." + +Received an apology email from the branch manager today saying that this never happens and that they had closed the other debit card and returned all of my money. They would also use this experience as a training exercise for future employees. + +This seems CRAZY to me. Is there anything else that I should be doing? Should I just accept the apology? + +TL;DR Person with same name gets debit card to my account. +MOONCAT$ is a unique community-driven project launched on the Binance Smart Chain network. Our NFT projects will be available to trade in our very own online marketplace when it’s launched. These NFTs will also be made possible to interact with our online gaming platform where community members can compete for reward pools on different level tiers. There will be incentives for our first 1000 MOONCAT$ OG NFT - our way of thanking you for your early support. As our ecosystem system grows and our marketplace + gaming ecosystem goes live, the value of CAT$ and NFTs will increase accordingly. Additional NFT collection will also be released along the way, allowing more members to enter our eco-system and thus increasing the value of our first MOONCAT$ OG NFT collection.  We are absolutely set to explode on the Binance Smart Chain! + +🐱MOONCAT$ + +✅ 100% Fair-Launched + +✅ Anti-Whale (2% Max Wallet) + +✅ Liquidity Locked (365 days) + +✅ Audit & KYC + +✅ CMC & CG Application Drafted + +✅ Low Market Cap 100x Gem + +✅ NFT & Gaming Platform + +✅ Trusted Team & Awesome Community + +MOONCAT is a community-driven project and 100% of revenue from our first NFT collection will be put into a wallet used for development and growth which will further benefit our community members and holders. Our goal is for MOONCAT to be a successful cryptocurrency project and to develop an eco-system for many to benefit and enjoy! + +Website: https://mooncatofficial.com + +Telegram: https://t.me/mooncatmeow +The purpose of this thread is to dive into the most ethical and unethical companies. + +**Most:** + +***1- Costco*** + +\-compensates employees fairly compared to competitors. Provides a career, with competitors paying min wage + +\-high quality products (i.e. they take pride in ensuring they’re providing top quality gas) + +\-partners with ethical suppliers and respects their suppliers. Has worked towards improving how products are sourced + +\-invested large amount of money into climate research + +\-etc + +Source: [https://querysprout.com/is-costco-ethical/](https://querysprout.com/is-costco-ethical/) +To confirm: ETH's long term projected inflation rate is significantly lower than BTC's. (perhaps even deflationary) + +Also a factor: the needed scarcity mechanisms (i.e. tx fee burning/sinks) for ETH to sustain as the ecosystem store of value & prevent 'free-riding' Ethereum tokens etc. + +https://www.reddit.com/r/ethereum/comments/7dgwac/opinion_an_eth_scarcity_mechanisms_implementation/ + +There's true information asymmetry here. I've seen many blatant attempts to take ambiguity & reframe it to mislead those new to crypto. +Scenario: + +* 5 crore capital available +* Investments will not be withdrawn for 15 years + +Option 1: Buy Nifty 50 Index Fund via SIP (e.g. 20 lac / month) + +Pros: No maintenance / effort required apart from SIP setup. + +Cons: Have to pay expense fee (expense ratio) every year. + +&#x200B; + +Option 2: Buy stocks corresponding to Nifty 50 Index (e.g. 20 lac / month). Yearly re-balance. + +Pros: One time cost during stock purchase, and yearly rebalance. Yearly DP charge. Considering all the charges for 15 years, the total expense on Index Fund would be more than buying Stocks (It has to be! AMC must have the same cost of buying/maintaining stock and then charging expense ratio on top of it) + +Cons: Have to manually rebalance every year. + +&#x200B; + +Based on the above I was inclined to go for stocks, but then I realised I missed one important aspect: Dividends. + +I see the current Nifty 50 dividend yield is around 1.4%. +For someone in 30% tax bracket this means 1.4 \* .3 = 0.42% expense as tax (for dividend) every year. This is higher than the expense ratio for the Nifty 50 index fund. + +I read on Value Research website that AMCs don't have to pay tax on dividends that they receive from the stocks they own as part of the fund. + +Based on the above, it seems like Index Fund is the way to go (if you are in 30% tax bracket) + +Is the above analysis accurate? +After paying for all of my inspections coordinated by my realtor and securing funding from my credit union, my realtor informs me that the sellers have backed out of contract based on that they haven’t received my earnest money. They have accepted a back up offer for only 10k more. + +My earnest money was wired to my realtor as soon as the our purchase agreement was signed by the seller. + +My realtor is now telling me that the seller wanted too much in the first place. I’m pretty pissed considering the seller was going to pay for some of the repairs, and the property was a solid investment. + +What is my recourse? How do I recoup my costs for the inspections? + + +Update 1: it seems that I sent my realtors brokerage company my earnest money and no one sent it to listing company. Here is where it is specified in the PA which listing company is to receive the EM: https://i.imgur.com/DLsSv3k.png + +Updates 2: I’ve contacted and explained the situation to a Realestate attorney to make sure I’m not being taken advantage of. + +My realtor has agreed to reimburse me for all the inspections and will have a check for me this week. I think I’ll have to find a new, investor friendly and tech savvy realtor. +I thought I'd summarize some information about the juicy morsel of information that was just discovered. I will try to keep it to information rather than opinion. + +As has been rapidly circulating online, [https://nft.gamestop.com/](https://nft.gamestop.com/) was discovered. **This site is real and official. You cannot fake a subdomain.** + +It has a curious little thing of numbers and letters near the bottom + +https://preview.redd.it/jhk5pvou3c171.png?width=536&format=png&auto=webp&s=6e7761eb55c1edbf3486a4494369673abd4e0e6a + +Those who aren't in crypto might not know that this is a an ERC (etherium) address. If we plug it into etherscan we get... [https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e](https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e) + +https://preview.redd.it/auq83ic24c171.png?width=1417&format=png&auto=webp&s=3e2eec1c0422df770769531e5c86a0cc3ce170d2 + +What is this! **A GME crypto token!** + +I had one of my crypto friends look into the code, he found this: + +https://preview.redd.it/z8iptat44c171.png?width=1338&format=png&auto=webp&s=6afca582e1f6a054216d8a4d4187d9c9a720b03e + +launchDate is a unix timestamp, which again if you are unfamiliar with this stuff might not mean anything to you. If we convert this: + +https://preview.redd.it/vxzck7yc4c171.png?width=758&format=png&auto=webp&s=5250ba997c7d3fcc11218efec929e60d42686e16 + +**Wed Jul 14 2021 11:20:00 GMT+0000 is the launch date for gme crypto.** + +(opinion: I think that is just the date that you could publicly purchase the tokens! I believe they would distribute a dividend of them before they were available for purchase, because the thing that forces **ALL** shorts to **HAVE** to cover is the token being unavailable to acquire.) + +*But what could this mean? Some ideas...* + +GME is going to pull an [overstock-style crypto dividend](https://www.marketwatch.com/story/overstock-founder-tried-to-squeeze-short-sellers-then-sold-out-when-the-sec-cracked-down-2019-09-19), which if executed correctly would force all shorts to have to cover, no margin call needed. + +\--and/or-- + + >GME Launches NFT platform + >Digital Game licenses w/ reselling + >All publishers want in because of permanent smart contract returns for peer-to-peer trade of the digital copy in perpetuity + >GME is the steam killer + >Fundamentals primed for moon + >Shorts have to cover + +\--and/or-- + +GME token backed skin marketplace, plays well with the idea of pre-order and retailer specific skins + +\--and/or-- + +A user suggested they could somehow use blockchain to curb console scalping, if so maybe even graphics cards? + +\--and/or-- + +Being able to play a game in any launcher? Or without any launcher. Open source launchers? + +\--and/or-- + +Anti-piracy by requiring a linked NFT game ownership + +\--and/or-- + +Cross game avatar/identity + +\--and/or-- + +*NONE OF THE ABOVE - MANAGE YOUR EXPECTATIONS!* + +\--and/or-- + +lets hear your ideas! + +i liek dis stock + +&#x200B; + +&#x200B; + +Edit: another bit of info, this screenshot has been floating around. Note the source code block at the bottom. [link](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code) + +https://preview.redd.it/t9rza7pq7c171.png?width=1397&format=png&auto=webp&s=273f483c1ad4156c429f1c5c81bf726b4b74e669 + +edit: Also, if you haven't found it, there is a tinnnnny little dot next to the header on the [nft.gamestop.com](https://nft.gamestop.com) website. If you click it, you get to play a game where you are a cat on the moon. Can't make this shit up. + +https://preview.redd.it/twuyo1wddc171.png?width=682&format=png&auto=webp&s=91d7b5d12d9c6d3df544de70d7574a560e24e561 + +edit2: someone made this connection + +https://preview.redd.it/8ktikbw8fc171.png?width=1834&format=png&auto=webp&s=0e593cf209b24b0764c25708a769ac3be8c831a2 + +Edit3: this guy is the head of blockchain at Gamestop, give em a follow! https://twitter.com/finestonematt/status/1397309790964047872?s=19 + +He tweeted this **VERY** interesting tweet https://twitter.com/finestonematt/status/1395051881844592641?s=19 + +Edit4: I crawled through the game and website code and found no additional information hidden in there + +Edit5: From a message: The French National Day is the anniversary of Storming of the Bastille on 14 July 1789,[1][2] a turning point of the French Revolution, + +Canada Vancouver, British Columbia holds a celebration featuring exhibits, food and entertainment.[31] The Toronto Bastille Day festival is also celebrated in Toronto, Ontario. The festival is organized by the French community in Toronto and sponsored by the Consulate General of France. The celebration includes music, performances, sport competitions, and a French Market. At the end of the festival, there is also a traditional French bal populaire.[32] +Ryan is from Canada, and if he is from a French province, then well maybe its a favorite holiday of his. + +If anyone finds any inaccurate info or corrections please let me know! +I've been thinking a lot over the last few months about investing in a UK housebuilder as they're currently trading at what appears to be a very low price relative to their recent earnings. Here's a flavour for you: + +*Note: these were calculated from prices a few days ago and using their 2021 results, but should still be representative.* + +|Company|P/E|P/B|EV/E (subtracting net cash from mkt. cap.)| +|:-|:-|:-|:-| +|Barratt Developments plc|5.9|0.72|3.9| +|Taylor Wimpey plc|6.3|0.79|4.6| +|Bellway plc|6.1|0.74|5.3| + +They all have significant net cash balances and very high interest cover which should allow them to weather a reasonable downturn over the next couple of years. Their net profit margins are currently in excess of 10%, and the low P/E multiples appear to leave plenty of room for margin compression. + +However, what's concerning me more is the systematic/structural risk. We're at the end of what's been a pretty well non-stop bull market for house prices, with the average house price rising from \~£57k in 1990 to \~£300k in 2022, and the price to income ratio for first-time buyers going from \~2 to \~6 in the same period. + +This has been driven in large part by falling interest rates, compounded by government stimulus through Help-to-Buy and similar schemes, which served to inflate prices. + +Housebuilders have been principal beneficiaries of this period, but with both inflation and interest rates rising we could be about to see some of this unwind. + +Whether house prices drop in nominal terms, or stay flat and lose value in real terms due to inflation, it appears likely that we're going to see an extended period of price decline. The counter argument is that the supply-demand dynamics will stop prices falling, but this overlooks affordability: there's a difference between people wanting to buy a home and being able to afford to buy one. + +The housebuilder's material and labour costs are unlikely to fall in the current inflationary environment, and so the effect of falling house prices on their profit margins depends on how much land prices fall. In the financial crisis land prices absorbed a lot of the fall in house prices, but there is a limit to this as they typically only make up around 1/3 of the house value ([reference](https://www.savills.co.uk/research_articles/229130/188996-0)). So the question is: how far are house prices going to fall in real-terms? + +If we're going back to a price-to-income ratio of 2-3 again there's a long way for them to go. However, this comes back to the fundamental question of how high interest rates are going to go and where they're going to settle for the medium to long-term? + +If I had to guess, I'd say they could stay around 3-4% for a prolonged period, but are unlikely to go much above that for anything other than a brief window due to the size of global debt. This would mean mortgage rates of somewhere between 5-6% for the best deals. At a rough estimate this would bring the affordable price-to-income ratio down to around 4 from 6. So on this basis we'd expect house prices to fall by 1/3 in real terms, which implies a fair amount coming from margins as well as land prices. + +On top of the margin squeeze, housebuilders would also be likely to see a sizeable drop in revenues and therefore absolute profits in the short to medium-term while prices adjust. The size of the fall in profits is difficult to judge as it's dependent on all the factors above, and this probably explains the current low valuations. + +Do you think these valuations are fair? Are they too pessimistic? Or do they not fully reflect the risk present? + +Interested to hear your thoughts. +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? +A quote from Satoshi Nakamoto: + +It's the same situation as gold and gold mining. The marginal cost of gold mining tends to stay near the price of gold. Gold mining is a waste, but that waste is far less than the utility of having gold available as a medium of exchange. + +I think the case will be the same for Bitcoin. The utility of the exchanges made possible by Bitcoin will far exceed the cost of electricity used. Therefore, not having Bitcoin would be the net waste. +I went to a car dealer today to look for a new Honda Civic. I chose Honda Civic because they come to mind as economical/ reliable vehicles. I was hoping to put $5k down and have a $450/mo payment worst case scenario . + +The dealer had 1 in the body style I was looking for (hatchback) but with the highest level trim. I’ve seen them online and the MSRP is about $31k. + +I was absolutely dumbfounded when they came to me with a $46k offer at over $700 a month. Is this normal? I get that new cars have a markup but this seems absolutely insane. Its a god-dang Honda Civic!!! + +I didn’t buy the car and feel extremely discouraged about car buying now in general. Even used cars are the same price as I look online. Looks like I’ll be holding on to my 20 year old Subaru for the foreseeable future… + +Anyone have advice on car buying in this economy? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Follow the golden rule. +- 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! + +&#x200B; + +[Banner Submission by u\/0net](https://preview.redd.it/sudowwngh6w61.png?width=4000&format=png&auto=webp&s=758798c50e2c0bd0446216c96f3782a74d65d252) + +# Good Morning Superstonk! + +Happy Friday!! + +Did everybody enjoy the [AMA](https://youtu.be/fGVY2Kco8ng)!?! + +# 🚨UPDATE🚨 [Transcription Now Available!!!](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/?utm_source=share&utm_medium=web2x&context=3) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +[Superstonk Live!](https://preview.redd.it/g1g3j87i18w61.png?width=2400&format=png&auto=webp&s=e66af7bdfea22e60a6b80c9f04b47d78cffd7cee) + +**If you haven't yet, you need to** [**watch the AMA**](https://youtu.be/fGVY2Kco8ng) **with Dr. Susanne Trimbath** that was streamed live on our new Non-Monetized Superstonk Live YouTube channel! I know I'm not the only one that felt like this was a turning point in the GME Saga; A pivotal time in this longer-than-anticipated journey on the GME rocket. Apes have finally found someone that knows the inner workings of the belly of the beast, and she confirmed that our suspicions were correct (tits=JACKED!) and that APES ARE MAKING A DIFFERENCE. I don't know about you, but after hearing her talk about fighting this corruption for almost 30 years, I saw a light in her eyes and a spark in her spirit that could only have been caused by 1 thing... + +# Apes! + +&#x200B; + +Dr. T has been screaming at the walls of Wall Street about naked short selling and the need for reform for the last 30 years. Nobody cares. Not enough people understand. She says there are very few people in the world that have the capacity and the willingness to learn and understand this big of a picture. Can you believe it? Dr. T basically said even the smoothest brained apes are still among the smartest in the world! + +Several members of the mod team have also been working on putting together a "DD" of sorts, of all the talking points from the AMA. We are doing everything we can to make sure this information is preserved and available to all apes around the world! Because without the support of every single ape in this jungle, none of this would be happening right now. It doesn't matter if you're a lurker with a single share, or a regular poster with 1,000, we are all members of this community that made this progress possible. Pat yourselves on the back, apes!! + +[I'm the pink one duh 🦄](https://preview.redd.it/j5kt2abzy7w61.png?width=918&format=png&auto=webp&s=5c17dddf6dbfc919b349d053da3aa0575aaf7a2c) + +# Speaking of teams, I would really like you to meet your team that made this possible! + +u/Bye_Triangle, u/Luridess, u/Leaglese, and u/Cuttingwater have all been working tirelessly on the back end, doing everything from transcribing the audio to creating the Summary DD. This is a labor of love and they are dedicated to making this information available to ape nation to share far and wide. Where is the gospel without a scribe? + +u/StonkU2 was point person to actually speaking to Dr. T and arranging the AMA. This might not have come together if not for Stonk's help. He was pretty critical to making it happen. Don't let him tell you otherwise. (He will.) + +u/Atobitt was our Chuck Todd. He did an ***outstanding*** job remaining composed, respectful, concise, engaging, and overall just made apes everywhere proud. Way to go Ato! 💪 + +u/Redchessqueen99 was our Producer. Some of you may have seen when the first link didn't work, and last minute she had to create a new link to then share with the (waiting) public. And that was done within *seconds.* I saw several remarks on the professional quality of the production as a whole. That's thanks to our fearless leader, Red. 💖💖 + +And of course all the other mods that work to keep Superstonk a fun place to hang out and talk bananas. This is the best corner of the internet thanks to the support from viewers like you! Thank you! + +So since we're all hyped and hopeful and not gonna get anything done today anyways.... + +# 🚀🚀🚀TGIF LET'S SKIP WORK AND JUST GIVE AWAY FLAIRS TO CELEBRATE HOW AWESOME SUPERSTONK IS!!!!🚀🚀🚀 + +&#x200B; + +[Drop a comment for your flair!](https://preview.redd.it/f6vrfcupn7w61.png?width=599&format=png&auto=webp&s=b3bfb193be8e722afae30e82363752ed86b23a33) + +I didn't get to get to a lot of you [last time](https://www.reddit.com/r/Superstonk/comments/mydiyk/flair_megathread_and_a_sneak_peek_announcement/?utm_source=share&utm_medium=web2x&context=3) and I'm sorry!! I also gave some of you some frickin stupid and senseless flairs because idk what I'm doing! But I've been practicing swinging the almighty mod sword and I'm ready to party. 🐈🍌💎🙌🚀 + +HAPPY FRIDAY EVERYONE! + +**:Cracks knuckles: LEEERROOOOOOOY JEEEEENKIIIIIIIIIIINNNS** + +&#x200B; + +Edit: 10:40 AM NYSE Time: Comments are now locked and the post is unstickied to make way for the AMA Summary. I love you apes!! 💖🦄🚀 + +&#x200B; + +[**Where to buy Naked Short and Greedy By Dr. T**](https://spiramus.com/naked-short-and-greedy) +# 🚀🚀🚀 The Shell Game III – Lifting the Final Cups. + +[The Shell Game](https://imgur.com/wKBpPdI) + +#####In [Shell Game I] (https://www.reddit.com/r/Superstonk/comments/mvvmvp/time_to_expose_the_shell_game_ftds_can_be_reset/) and [Shell Game II](https://www.reddit.com/r/Superstonk/comments/mwnnmj/the_shell_game_revisited_how_etfs_work_and_what/) you have seen that I am convinced other well-supported DD theories (such as deep-ITM Calls) do not come close to dealing with the full FTD problem that exists in the system. As I detailed in Shell Game II, ETFs containing GME featured extremely bizarre FTD data, much like our favorite stock, GME. How is this possible? + + +#🚀In my mission to continue to deconstruct months of inaccuracies regarding FTDs, I will state plainly: + +* ##A FAILURE TO DELIVER IS A NAKED SHORT POSITION AT THE TIME OF THE OCCURRENCE OF THE FTD. + +* ##1 FTD = 1 SHORT POSITION THAT NEEDS TO BE COVERED. + +#🚀 The following definitively points to why this is the correct line of thinking: + +Since I am a huge advocate of open-source data and the need for transparency in our financial institutions so we can have truly free and fair markets, I am going to link a paper that will describe the GME FTD problem better than I ever could. I implore every ape who is invested into GameStop to take the 30 minutes it takes to read this paper, and really **READ THE PAPER – YOU’LL THANK ME LATER**: + +#####Brooks, Robert, and Clay M Moffett. The Naked Truth: Examining Prevailing Practices in Short Sales and the Resultant Voter Disenfranchisement, The Journal of Trading, Aug. 2008, https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf + +As you can see, it is rather simple to create phantom shares during the ETF Redemption/Creation process. **And the ones that solely hold the keys to this practice are the MMs/Authorized Participants who manage GME ETF funds.** + +Also, I want to bring special attention to PAGE 10, where we see a chain of pledges of 100 shares loaned out on promise after promise after promise. This is known in the GME ape community as “hypothecation”. To the DTC, these are “Pledged Shares” as described DTC-2021-005 that is still missing from their website due to “technical language”. https://www.dtcc.com/legal/sec-rule-filings. I have previously written my thoughts on what the 005 meant at the time, so seeing it displayed on Page 10 was quite exciting. [Click here to read that paper for a better understanding of what hypothecation means.](https://docs.google.com/document/d/1Pw4LqHrFmcd-tC6VZIkrjIxkXOF0741bD6KYVTHXRZk/edit) + +#🚀 GME FTDs are the catalyst that will move the market. + +You read it right. [The FTDs on GME are so significant, that the market will LURCH the moment we begin lift off.](https://www.reddit.com/r/GME/comments/m6mje0/gme_beta_from_bloomberg_and_ownership_update/) + +[Click me: GME’s FTDs are completely out-of-whack compared to the rest of the market on a ridiculous scale.](https://imgur.com/7bVduJu) + +[Click me too!: If you add in the GME FTDs + the ETFs that also have GME and put them on a log scale (like the COVID curve data from last year, remember my little ape?), you see that the GME and its associated ETFs have 100x – 1000x more FTDs than the average noise of the market. THIS IS INSANE. BLACK SWAN AS BLACK SWAN GETS.](https://imgur.com/weTaZXz) + +Therefore, if we apply this new knowledge that **EVERY FTD = A NAKED SHORT POSITION** to GME today, the picture becomes very clear. Every red line on the graph above correlates directly with the volume of open short positions around that date in time. Repeating this for the apes in the back. **THEY MUST COVER EVERY FTD WITH A SETTLED SHARE BECAUSE EVERY FTD IS A NAKED SHORT GENERATED THROUGH OPERATIONAL SHORTING.** There is absolutely **ZERO CHANCE** that any meaningful covering has occurred, and that the severity of the problem is so significant, and so plainly out in the open, **that conclusion must be near.** + +With operational shorting being a function that comes from Authorized Participants, I can conclusively state that ETF FTDs show the underlying are being shorted and that they are linked. [It is time to start looking at this problem AS THE PROBLEM.](https://imgur.com/ZFmsiTu) + +#🚀 It is time, Authorized Participant. + +I am going to go out on a limb here and speak to the Authorized Participant directly: +I have clearly been able to demonstrate that the apes have the capability of seeing your Shell Game for what it is. With the SEC expecting all FPL programs to have concluded last Thursday, I imagine you are staring at a new fat 100%, or maybe already 200%, collateral obligation for opening of trading tomorrow (how many of your Calls/Puts expired out of the money AGAIN?).[Can you really survive another day without doubling the % on your obligations?](https://imgur.com/2X5VvFl). **Tick. Tock.** + +Are you going to continue the farce, or will you finally allow the American markets to be free and release your puts? The bag does not have to rest on your shoulders. I have barely touched on the potential pitfall that is the ETF Derivative market that you have us leveraged against. But the longer this goes, the more I will continue to learn, digest, and then spit back out until everyone sees this for what it is. **People will start to literally believe that $420,690,000 is the floor once that information comes out.** Think you can delta hedge your way to that #? + +[It is time to cover, Authorized Participant. Do not make the same mistake of those from 2008. Have courage to do the right thing.](https://imgur.com/d6TpIP4) + +Forecast: **Frothy.** + +Moon Soon. +First of all, the mods in this subreddit are fantastic. They're a nice group of dudes who engage with users, they do the daily threads, and they let us talk about basically whatever we want unless we're murdering each other or being completely nasty. +As most of you already know by now, ScienceGuy got banned: + +https://np.reddit.com/r/ethtrader/comments/6g7ejz/psa_scienceguy9489_is_a_possible_whale_manipulator/ + +I'm not a huge fan of the guy (I tried to bet him 1 burrito against his prediction being true) but I admit I was a bit alarmed when I saw he was banned. From my POV he was just posting threads, predictions, etc. I guess I'm of the mindset that if you disagree with someone else's view that you ought to downvote their content and/or reply to them and have a conversation. Jumping right to a ban seemed frightening to me because I think bans should be reserved for folks who are being really mean. + + +Was scienceguy just a whale pushing his agenda? Maybe, I don't know. But I really think we have a strong community here and that we could just down vote him and talk to him if we don't like what he's saying or what he's trying to do. +Anyway that's just my 0.02 ΞTH on the topic. I'll shut up about it now, and again I think we have a seriously great subreddit here in general so thank you to everyone who made it possible. +I have been wanting to post for a while and didn't feel comfortable doing do in other subs. But here... I think you would understand. And I just want to finally tell someone, anyone, what I've secretly been going through. + +3 years ago, I lost my career path. No warning. Savings cushioned the blow, but only for so long. I grew up poor poor, so I switched to hardcore frugal mode. Local market was flooded with applicants after the oil bubble popped in our region, so finding jobs was difficult. As savings dried up, I took what I could get. I got a minimum wage job, but full time and benefits. Better than some. Better than part time. It was something, and I held on for dear life. + +Literally my income was half of what it had been. I sold off stuff and minimized everything. I penny pinched. I still managed to make payments, negotiating dates when I had to. A few tight months messed me up with my CC, but I had no choice. + +I studied online courses and decided to upgrade as much as I could. I applied for different jobs in my company, and accepted a lateral move with zero pay upgrade in order to get more experience. It was more work, harder and my boss was insufferable. But, I needed the experience. + +Then, I got sick. For months I put it off and kept going to work. I couldn't lose my job. Until one day I couldn't walk. I was vomitting from pain. I was hospitalized. I nearly died. I had an autoimmune disease, and it presented as organ damage. It had gone on so long that I had a systematic infection. + +I've never been in such pain before. This pain was off the charts. Kidney stones were a walk in the park compared to that. Words can even describe it. + +I was medicated and treated, but I refused to take disability. I think that was one reason I pulled through. I had to. + +I went back to work. I kept my job. I kept doing my courses. I battled pain every day from the damage. I lost 25lbs (I'm normally 5'6", 135lbs female). + +I kept going, because I didn't want to lose everything. I got a better doctor and support group. I started to recover. Then I got a small raise! I got moved to a department that taught me new things. + +After 2.5 years, I starting applying for higher wage positions. Internal and external. I suffered a relapse and was hospital admitted again. + +Then, I got a phone call from the job I wanted most. + +"Interview? Tomorrow?" + +I accepted, and signed myself out of the hospital. I went to the interview the next day. + +I nailed it, and got the job. While hiding toe-curling pain. + +I used my banked vacation hours to finish my stay at the hospital and use that time to recover as best I could. I started my first day at my new job still in a state of organ distress, but I was slowly improving. Not enough to need a hospital. + +This past year has been the hardest one of my life. I literally thought I wasn't going to make it. + +And I pushed through it all. + +This new job nets me an extra $750/month takehome more than I was used to making before. (Which might not be huge for some regions, but it's huge for me) + +I cried over my first deposit. I literally didn't know what to do with the money for the first month. I just left it in my account for the first two weeks, because I wasn't used to seeing three digits after bills. I bought real cheese for the first time in a year. I remember that. Smoked gouda. + +Even making minimum wage for 3 years, I paid down $1k on my CC ($669 left), $2.6k on my LOC ($7.7k left), kept my car, kept my housing and kept my cat. + +Nobody around me can understand this battle. I survived. I'm not out of the woods yet, but I survived. And I guess I just wanted to tell someone. That I'm proud of myself. That I have never fought harder. And, for once in my life, it paid off. + + +Tl:dr; Lost my job, burned through savings, went hardcore frugal mode, upgraded, got sick and still managed to get back on my feet after nearly dying + + + + + +Edit: I should explain a bit of background. I'm being asked why I didn't ask for help.... + +Well, because that was my entire life growing up. I was poor poor. Mom was a single parent. No child support. No family nearby. I remember the food bank. I remember my mom on the phone with so many people. I remember her crying when we would get declined or if it wasn't processed properly. I remember the day we got escourted out of our apartment and moved to a different one due to qualification issues. I remember the day I got Fruit Loops in a food bank box and I would eat only 4 pieces by hand to make it last, because I never knew if I would ever get it again. I recieved hand-me-down clothes my entire life and never bought new ones until my first job at 16. Even after I got a job, it went to the house. I had to help dig my mom out. And I did. I paid for the down payment on her house by 20. I helped get us out, because I had to. + +And I swore I would fight tooth and nail to never have to experience that again. It destroyed my mother, and if I could avoid reaching that point, I would. + +It was my back-burner option. If my efforts failed. If I lost work again. If my housing was threatened. But, I couldn't do it first. It sounds like pride, but it's better to explain it as a fear. I was afraid of putting my faith in others. I couldn't go down that route until I had exhausted all opinions. And it never came to that, although it was close a few times. + +Fear is a hell of a motivator. + + +2nd EDIT: + +No, I'm not advocating people kill themselves to try and push through illmess or refuse assistance when they get sick. WTF. Everyone needs to deal with their own situations their own way. + +Don't agree how I handled this? Great! Do better than I did! Learn and do better than me! I want you to. I hope you do! +Throwaway account here + +My wife and I love this sub and are well on our way to FatFire. However, this post is actually not for us but for one of our parents, who are FatFireD and currently starting one of FatFire's favorite topic....building a home to retire and live the rest of their lives + +A key concern for them is privacy and safety. They live in the suburbs of a MCOL city with a not great crime rate. In particular, they are worried about theft, someone attempting to enter the house, etc. They certainly don't want a barricaded, doomsday prepper home, but they want something that will allow them to sleep easy and is one of the most secure houses in the neighborhood. Moving isn't on the roadmap for them. + +In their and our research thus far + conversations with architects, all security suggestions for building the home are either extremely basic or extremely paranoid. For extremely basic, there are suggestions about having a deadbolt or heavier exterior doors. For paranoid, there are suggestions about bulletproof glass. There doesn't seem to be a middle ground, but that middle ground is exactly what they are looking for + +This question feels perfect for FatFire folks who know a lot about building homes (there are a lot of great conversations about that) and have higher NW and may be more security inclined than the average person. I, unfortunately, didn't see much about security in the home building threads + +So: when building a house from scratch, what are some moderate-level security features and functionality that you built or wish you had built into the home? +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** +Edit: Some folks are saying it costs money or takes a little bit longer. Let me teach you a concept called OPPORTUNITY COST. + +Would you rather miss the MOASS AS A WHOLE BECAUSE RH SCREWED YOU OVER OR TAKE THE CHANCE AND BE INVOLVED IN THE MOASS?! BALL IS IN YOUR COURT + +Edit: The consensus is to do partial transfers. + +Edit: Initiate transfer from Fidelity NOT RH. + +Edit: I didn’t expect this to blow up. I will go comment by comment and respond to everyone after work.holy shit lmao Ill try my best to reply + +Edit: Please see link below with step by step directions! + +https://www.reddit.com/r/GME/comments/m77idn/psa_how_to_transfer_gme_from_rh_into_fidelity/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +As the title says, there was a post recently in the gaming subreddit that was claiming that NFTs will ruin computer gaming further just like microtransactions did. + +However, I disagree with that statement. If NFTs were in DnD they would be a lawful neutral force, they are not good or evil they are just a tool and being a transparent and open tool it makes them more easy to keep track of. + +If anything NFTs should provide more consumer protection for digital game downloads than the present model of Microsoft being all like "trust me bra, we got this" until one day they just remove the game from the store and leave no public evidence that you ever owned it. + +However, I also 100% guarantee that game companies are going to use this to further monetise the market for pointless crap cosmetics and strip even more out of a game to sell back to the player later. + +But people shouldn't hate the technology, that's like hating the internet because game companies use the internet to download microtransactions, it really makes no sense. Hate the companies and hate the people buying their garbage. +**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) +Even with the price drop from $250, we saw GME & meme stocks (which it is not) running due to BBBY issuing a share buyback. There is zero logical explanations as to why that would occur, but do you know what crazy, conspiracy theory, dumb-money, ape explanation there is? + +They just confirmed the ETF/basket theory. We aren’t crazy, we’ve got the DD, and we aren’t leaving. Shine the light on us now, MSM! To the moon 🚀 +I hold the ability to move any currency at will. + +Anything I buy tanks. Anything I sell shoots up. I think if I charge people a fee for me to do this then I will be more profitable at that than at forex currently. +Hi all, +I see that a lot of you seem to be high performers and in high paying fields. While that's a great way of becoming FF, I wonder what have been the best way to reach upper management and to get that large pay increase from middle management. + +Without giving too much away, I'm quite lucky to have been promoted very quickly since the beginning of my career (tech). I'm still young but I want to know if I should rather jump ship to reach upper management or settle down at a company and wait. I'm currently preparing for a T1 MBA in my country. I think that would help. I don't feel stuck but rather undecided. + +For those of you in upper management what is the most effective way of becoming FF from middle management onwards? +Remember when Elon Musk mentioned to launch Satellite Doge-1 to make Doge the first cryptocurrency in space? Well, this didn't age well. DogeBonk filled a Ledger with $DOBO, and the rest is history. They are revealing their footage tomorrow on Twitch. Make sure to tune in 🔥🔥🔥 + +Twitter is going crazy and our hashtag #SorryElon is trending. Will Elon Musk notice our stunt? 👀 A lot of press release has been prepared. Don't miss out. + +Our devs are always active and engaged. Just yesterday they launched MemeTools, which will be a platform similar to CoinGecko/CoinMarketCap, but for meme coins only. To get listed, project owners will have to buy DOBO and burn them, which means the price will likely continue to go up 🚀 (No financial advice) + +Tired of getting rugged in the crypto world? DogeBonk's liquidity is fully locked and the ownership of the contract is renounced, which means that devs have 0% control over the token anymore and can't rug their community. Solidity Finance, a reputable audit company, has confirmed that their code is sound and safe 🔒 + +We are loved by a lot of reputable people, such as the co-founder of Zcash, a former professor at MIT, the former CEO of BitMEX and the winner of Bachelor (check on our website: [dogebonk.com](https://dogebonk.com)). + +Make sure to join our awesome community! We are active, creative and open-minded ❤️ + +If you don't know how to buy DogeBonk (DOBO), feel free to ask in our community. + +&#x200B; + +&#x200B; + +Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +Discord: [https://www.reddit.com/r/DogeBONK/comments/qjvgd6/remember\_to\_join\_the\_dogebonk\_discord/](https://www.reddit.com/r/DogeBONK/comments/qjvgd6/remember_to_join_the_dogebonk_discord/) + +Audit: [https://solidity.finance/audits/DogeBonk](https://solidity.finance/audits/DogeBonk) + +Website: [https://dogebonk.com](https://dogebonk.com) + +&#x200B; + +Contract Address: 0xAe2DF9F730c54400934c06a17462c41C08a06ED8 + +&#x200B; + +How to buy with Metamask: [https://docs.dogebonk.com/guides/purchasing-with-metamask?utm\\\_source=dogebonk](https://docs.dogebonk.com/guides/purchasing-with-metamask?utm\_source=dogebonk) + +How to buy with Trustwallet: [https://docs.dogebonk.com/guides/purchasing-with-trust-wallet?utm\\\_source=dogebonk](https://docs.dogebonk.com/guides/purchasing-with-trust-wallet?utm\_source=dogebonk) + +How to buy with Binance Wallet: [https://docs.dogebonk.com/guides/purchasing-with-binance-wallet?utm\\\_source=dogebonk](https://docs.dogebonk.com/guides/purchasing-with-binance-wallet?utm\_source=dogebonk) + +&#x200B; + +Battlebonk: [https://www.battlebonk.xyz/game/index.html](https://www.battlebonk.xyz/game/index.html) + +Memes: [https://webonk.in](https://webonk.in) + +Subreddit: [https://www.reddit.com/r/DogeBONK](https://www.reddit.com/r/DogeBONK) + +Twitter: [https://twitter.com/dogebonk\_token?ref\_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor](https://twitter.com/dogebonk_token?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor) + +Medium: [https://bonksquad.medium.com](https://bonksquad.medium.com) + +Bonkcraft: [https://bonkcraft.com/](https://bonkcraft.com/) +"It seems that in the United States, at least, app developers and advertisers who rely on targeted mobile advertising for revenue are seeing their worst fears realized: Analytics data published this week suggests that US users choose to opt out of tracking 96 percent of the time in the wake of iOS 14.5. + +When Apple released iOS 14.5 late last month, it began enforcing a policy called App Tracking Transparency. iPhone, iPad, and Apple TV apps are now required to request users' permission to use techniques like IDFA (ID for Advertisers) to track those users' activity across multiple apps for data collection and ad targeting purposes. + +The change met fierce resistance from companies like Facebook, whose market advantages and revenue streams are built on leveraging users' data to target the most effective ads at those users. Facebook went so far as to take out full-page newspaper ads claiming that the change would not just hurt Facebook but would destroy small businesses around the world. Shortly after, Apple CEO Tim Cook attended a data privacy conference and delivered a speech that harshly criticized Facebook's business model. + +Nonetheless, Facebook and others have complied with Apple's new rule to avoid being rejected from the iPhone's App Store, though some apps present a screen explaining why users should opt in before the Apple-mandated prompt to opt in or out appears." + +Source: https://arstechnica.com/gadgets/2021/05/96-of-us-users-opt-out-of-app-tracking-in-ios-14-5-analytics-find/ +So if you enter a position based on value principles, doesn't it make since to exit a position based on value principals? Say you buy KO and the position becomes overvalued based on the same principals you used to determine it was undervalued when you bought. Wouldn't you sell? + +It seems like Buffet doesn't do this, he only sells if the thesis of the company changes, but not if the stock becomes to richly priced. Why? + +Wouldn't you check on your position each earnings, do the intrinsic math again, and if it was trading above that sell? +I am 47 years old and live in Bay Area. +Married and 2 middle school twins. Just bought a 3 bedroom home in Palo Alto for 2.9m . My outstanding mortgage is 1.5m. + +I have 7.2m combined in 401k and my personal investment account. In most places outside of HCOL area like Silicon Valley it would have been a no brainer for me to Fatfire. But Bay Area living expenses are so high that I am still on the fence. + +With 4% swr , I would be getting +288k on 7.2 m account. After taxes , that would be 250k. +My mortgage and property taxes are around 100k a year . Assuming health care costs as 20k and kids education another 50k ( 25k private schools for each), I will be left with 80k. + +Is 80k per year really fat fire money in Bay Area?? + +Just the home upkeep and car insurance and gas takes away 20k. 10k for travel and you are left with 50k for food, groceries , stuff from +Amazon, incidental large items, restaurants, clothes , entertainment ..etc. + +Am I Missing something or my math is wrong ? +To me it looks like I am not ready to fatfire. +What do you guys think? +What number should I target ? + +Edit : + + thanks for all the comments . +Approximately 95% comments are regarding my choices ( why Palo Alto, Bay Area , private school..etc..etc). Even though I understand where most are coming from I am not actually looking for that info or questions on my choices. + +Very few actually answered my questions.Thanks to all who answered. Looks like I am close but not exactly Fatfire. +Step 1: Find a product that people love… then make a slightly better version of it, and price it WAY BELOW your cost so that you lose money on every unit sold. + +Step 2: Create a ridiculous mission statement. It doesn’t matter what you’re selling -- your real mission is things like consciousness, happiness, and community. And use the word ‘technology’ a lot. No matter what you’re producing, always pretend that you’re a tech company. + +Step 3: Raise money from investors at an obscene valuation on the basis that you’re a visionary tech company. Don’t bother forecasting profits and creating conservative pro-forma statements, from which investors can derive a sensible valuation of your business. Instead, let the investors imagine how profitable your company can eventually become. + +Step 4: At a minimum, double your losses every year. And, as you continue to burn through investor capital, raise even more money at progressively higher valuations. + +Step 5: At the peak of the stock market bubble, take your company public at twice your last valuation. Reward these gullible investors with limited voting rights, and consolidate your power over the company as you steer it towards greater and greater losses while showering yourself with gigantic compensation packages. + +Congratulations. You’re now a billionaire. +Wade explains that the only chance the hedge funds make it out of this is if they stretch out the squeeze over months and years to make people lose interest and sell. + +He also explains that in the event the hedge funds go bankrupt and the DTCC has to step in and clear the books that there is a chance that they might try to settle the remaining shorted shares. + +Why settling the shares is NOT in the best interest of the government is because the the whole world is watching now to see how they will regulate the situation. + +Everyone from long whales, international investors, retail investors are betting on the money to print and if the government decides to step in, settle the shares and stop the squeeze it is going to piss off international investors and make them pull out of the US Stock Market. + +So according to Wade's DD. It is in the governments best interest to let the money print because this has drawn the attention of the whole world now. + +That's the type of confirmation bias I need. Plus I just like the stock. This is not financial advice. + +💎🙌🚀🦍🐜🌕 +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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There has been a bit of this happening recently (incorrect interpretations of SEC filings come to mind) and I don't actually think it's FUD, it's just excited apes. + +Not linguistic advice, I just like the truth. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: u/michalxm suggested maybe a debunked flair? +https://uk.finance.yahoo.com/news/uk-to-ease-insurance-capital-rules-in-post-brexit-shakeup-080956341.html + +Good news for some of the most undervalued stocks in the market, 10-15% extra deployable capital will be a boost for the likes of Aviva and Legal and General no doubt. +You also only have to buy into BTC once, unlike a 401K where most people keep buying back in every pay check only to lose what you earned in interest by paying a penalty if you withdraw too early. Because that's the trick. The trick to a 401K is to get everyone to hold because if everyone sells, then everyone else who didn't sell fast enough will lose money and the whole thing will crash. That's why they charge penalities. + +It's like investing in safemoon and they charge you penalities for selling In order to keep the current value more stable so the entirety of holders don't start panic selling it into oblivion. + +Also you can panic sell a 401K too. It happened to many people after the housing market crash of 2008. My mom panic sold her 401k because it went from $50K to $9K ...I didn't know much about investing back then, but I will never forget what she said. *I was afraid I would lose it all, it kept going down* + +What she said sounds much like what people say about Bitcoin today. + +Nowadays my mom is retired, and sometimes she brings that up...*I should've just kept it in...it went back up* + +Unfortunately this is how the most powerful people work. They shake out weak hands so they can buy up super low. Otherwise there would be no big guy buying your shit back. + +Rich are buying your shit cheap for a reason...not just because they are just speculating. + + +So yeah, you can get serious FUD with 401K and it's not just coming from my mom. Many honest hard working people don't understand the game whales play...they get shilled into things and are convinced it's safe because their employer offers it. All a 401K is, is investments into stocks and bonds that are stable but not always safe. + +So if you can continually dump every paycheck into something that penalizes you for withdrawing early and hold that shit for 30 years , then you can buy Bitcoin once and hold it for 3 years without any penality for withdrawing some too early unless tax on capital gains. But that's normal. + +So stick to your original plan, and hold. +Obviously a fun question but I'm just interested. It's be known that many people win the lottery then spend the money with absolutely no plan and end up broke again. + +What would be your go to strategy to ensure the same didn't happen to you? +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 +Currency is a form of exchange. A form of trade. I trade my service or goods for that currency. But the reason I trade is because I believe there is value in that currency. And I find value in that currency because it is not easy to come by and I need to work hard for it. + +This especially made me think of people who vouch for UBI as AI becomes more prevalent in our society and certain jobs become more automated and people are unable to work. At that point when UBI is given out, what is the point or even value of money. It’s like the government giving out pieces of paper to its people and tell them to go “buy” stuff if no work is being put into obtaining it. +I've only been actively investing/trading for 1.5 years, and I made much monies on long calls I bought last fall on reopening stocks. Since then, mixed bag but mostly been bleeding bad on long options. So I started selling. But even there idk if I'm doing it right (made more $ than I've lost though). + +**So you sell options to WSB degenerates...but what does that mean?** + +* Do most of you sell high IV puts for that juicy premium? If yes, isn't that almost as degenerate because you could be stuck bag holding? Even if you get assigned on the put and sell CC's, those can also burn you if the underlying drops 20-30% in a week (ie, the premium you collect wouldn't come close to covering the overall loss on the underlying decline). +* If you do sell options on high IV stuff, **do any of you do credit spreads? If yes, give me an example of a strategy**, preferably on a specific ticker you've traded. I'm new to trading spreads, but I understand how they work so you don't have to explain that. + +I've been trading for the last year w mixed results, but I want to sell options to actually invest long-term. **Who here sells puts on dividend/blue chip/boomer stocks to build your portfolio and income?** + +* I'm looking for tickers under $40 because my whole portfolio isn't very large. What tickers are pretty safe, pay a decent dividend, and you'd recommend to build a foundation for long-term investment. No small/mid cap growth stocks, please. I already have my list of 5 stocks there (FSLY, SUMO, SKLZ, PLTR, PRCH). + +Teach me the way. +This meme stock explosion has made me even more tight and Scrooge-like with my money. I have most of money sitting in blue chip stocks like DIS & HSBC amongst many others with a small amount for playing, doing my own DD on and hoping for a 3x but settling for a small profit or loss in most cases. + +I love reading other people’s DD, always have, and it’s great to have a community that helps you cut down a bit of the work (even though you must follow up with your own reading) in potentially spotting something that could be big. However, there has been a massive spike recently of people that finish they DD with ‘this could be the next GME’ or something similar and as soon as I read that, I am instantly put off. + +Everything they have said up to that point gets a little tainted for me. + +I know this is completely irrational and actually a bit stupid on my part but I equate it to a restaurant that has ‘The Best (insert food item)‘ or ‘World Famous blah blah’ on their menu. It puts me off instantly. + +Anyone else feel like this? Or am I just being snooty? +"Bitcoin is sort of like the internet of 1995 with static web pages which is revolutionary in it's own right but not much else. Ethereum on the other hand is like the internet of today, which has advanced graphical interfaces and built in programming languages that let's you do any kind of applications that we can possibly imagine. + + +The creators of the technologies that underline the internet today did not imagine that people would be building gmail on top of it or facebook or bitcoin wallets on top of it and yet we are because the internet of today is truly designed as a platform for innovation and that's what I want to see ethereum become as well." - Vitalik Buterin. +It’s possible I’m going to hit my out of pocket maximum very early this year (everyone is okay). Thinking about FIRE and potentially reducing expenses in later years by doing things now or tapping into other benefits my medical insurance provides since they’ll effectively be free now. May be difficult without knowing my medical history/needs but what would you consider doing generally? +33, married, no kids, live in the Bay Area. I work in tech and my wife and I make around $500k / combined (pre tax). + +NW: $750,000 in equities (bank, telco, F500, ETFs, etc.). We have a $600,000 mortgage on a property valued around $1.8M. + +My family (parents, brothers, uncles) is in the food packaging business and a competitor will be acquiring 49% of the business in the coming weeks. As a minor shareholder of the business I have the option of either (a) selling my shares to the acquirer and receiving a one time cash payment of about $2M or (b) rolling the equity into the go forward company (there will be a reorg done at the same time), which will subsequently be run by my brothers. + +I am not involved in the business but my brothers are good operators and have been involved for the last 15 years - I trust their vision and work ethic. My parents and uncles are cashing out and will not be involved in any material capacity. The business has been growing at 20-30% for the last 10 years and there is low risk that this does not continue. Their customer base is diverse and contracts are generally long term. I suspect that they will ultimately sell the entire business to this competitor in 5-10 years and, given the growth, at a much higher valuation. I think it’s reasonable that my shares could be worth $5-7M but of course there are a number of risks that could make this number much smaller. + +My wife and I dream about retiring in our mid-40s and taking on more interesting and impactful personal projects in our community, let’s say 10 years from now. We realize that this is a huge windfall gain either way. Our back of the napkin number is $10M. + +I’m wondering if anyone has any similar experience or advice with respect to my situation and specifically what I might consider in choosing either option? + + +Thank you in advance. +If someone dies without any close relative and no legal heir, what would happen to his/her assets after her death? What would happen in case he/she has a term insurance? Who would get the payout or there would be no payout at all? +I’m a lawyer and I have a buddy from university days who moved to the dark side and has been working for investment banks for the past 10 years now with Nomura. +I obviously despised of his choice and was never shy of telling him but beside being a greedy bastard talented in making a shitload of money he is a really smart guy and overall a decent guy. + +We live in different cities so don’t have frequent contact but when I met him last summer and was mentioning that I’m invested in GME I got the obvious talk. Basically he was laughing about me, saying that I should know better and that there is no way for individual investors to win against Wallstreet and I should say good bye to my money bla bla bla. + +Now here is the interesting plot twist. When I met him again last Friday we naturally touched on GME again but his view has surprisingly changed. +Basically he was saying that in general his thesis stands that there is no way that individual investors would stand a chance against the monetary and lobbying power of institutions. For that reason the VW squeeze doesn’t fit as a role model as it was Porsche, a global company who screwed the shorters and not apes hence the situation can’t be compared. + +Since Shitadel & friends have an unlimited tool box of screwing around and bending the rules and play countless shenanigans they could drag this staring contest out forever. Sure it costs them some money but they’ll get it back tenfold by screwing over some other individual investors on other stocks. And obviously we shouldn’t base any hopes on the SEC and regulators to have any interest to intervene in the GME fraud since this is part of the game and would jeopardize the whole market game. + +So the only chance to bring them down would be a catalyst which forces their hands. + +And that’s what he thinks we just got with GameStop’s announcement of the split. He said any stock split could be a catalyst but even more so a split via stock dividend will inevitable create huge pressure and troubles for the shorties. He further went on to say the perfect storm would be if big players with enough fire power would create a gamma ramp by buying a reasonable number of options at any 10 bucks price point above 200 it would be very likely game over and highly difficult for shorties to stop the train once it’s moving full steam. + +And this time they wouldn’t dare to intervene by switching off buy buttons again or some similar shady stuff as they know they are under watch and that would create a turmoil. +He finished in saying everyone in the investment business is aware of the situation and closely following how this will play out and it is not unlikely that some players will want to take advantage and board the train. + +Just some irrelevant jibber jabbers and obviously nothing new for us but I thought it’s interesting to share that change of view from someone from the dark side with my fellow apes and to share the joy that dumb money is on the verge to beat smart money 💎💎⚡️⚡️ + +[Edit: frankly I’m speechless how many people/comments are freaking out over the mentioning of options even though it’s just a side note of the conversation and it explicitly refers to INSTITUTIONAL investors and does by no means encourage any ape to buy options like it generally doesn’t encourage anyone to do anything at all. + + +But I guess as usual some people just always enjoy to pick on whatever suits them or their agenda… +I don’t mind the impressive number of downvotes, whatever makes some of you happy, but seriously guys, so much negativity and hate from some people on such a harmless post…it’s just the irrelevant opinion of someone irrelevant shared by another someone irrelevant. + +To the vast majority of fellow apes though thank you for your kind support much appreciated - you deserve an epic MOASS 😎] +The original author of this article is unknown. I’ve first seen it posted many years ago on a forum I think, and I saved it because it made a lot of sense. As I read it again today, I still think it carries a lot of wisdom, and that’s why I want to share it. The 5 Stages Of A Trader’s Development: + +Stage One: Unconscious Incompetence +This is the first step you take when starting to look into trading. You know that it is a good way of making money because you’ve heard so many things about it and heard of so many millionaires. Unfortunately, just like when you first desire to drive a car you think it will be easy – after all, how hard can it be? Price either moves up or down –  what’s the big secret to that then – let’s get cracking! + +Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven’t got the first damn clue about what you’re trying to do. + +You take lots of trades and lots of risks. When you enter a trade, it turns against you, so you reverse and it turns again, and again, and again. You may have initial success and that’s even worse because it tells your brain that this really is simple and you start to risk more money. You try to turn around your losses by doubling up every time you trade. Sometimes you’ll get away with it but more often than not you will come away scathed and bruised. You are totally oblivious to your incompetence at trading. + + +Stage Two – Conscious Incompetence +Stage two is where you realize that there is more work involved in trading and that you might actually have to work a few things out. You consciously realize that you are an incompetent trader – you don’t have the skills or the insight to turn a regular profit. You now set about buying trading systems and e-books galore, read websites based everywhere from USA to the Ukraine and begin your search for the holy grail. During this time you will be a system nomad – you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does work. Every time you come upon a new indicator you’ll be ecstatic that this is the one that will make all the difference. + +You will test out automated systems, you’ll play with moving averages, Fibonacci lines, support & resistance, pivots, fractals, divergences, DMI, ADX, and a hundred other things all in the vain +hope that your ‘magic system’ starts today. You will also become a top and bottom picker, trying to find the exact point of reversal with your indicators and you’ll find yourself chasing losing trades and even adding to them because you are so sure you are right. You’ll go into the live chat room and see other traders making profits and you want to know why it’s not you. You’ll ask a million questions, some of which are so dumb that looking back you feel a bit silly. + +You’ll then reach the point where you think all the ones who say they are making profits are all liars – they can’t be making that amount because you’ve studied and you don’t make that, you know as much as they do and they must be lying. But they’re in there day after day and their account just grows while yours falls. You will be like a teenager – the traders that make money will freely give you advice but you’re stubborn and think that you know best. You take no notice and overtrade your account even though everyone says you are mad to, but you know better. You’ll consider following the calls that others make but even then it won’t work so you try paying for signals from someone else – they don’t work for you either. + +You might even approach a guru or someone on a chat board who promises to make you into a trader (usually for a fee of course). Whether the guru is good or not you won’t win because there is no replacement for screen time and you still think you know best. This stage can last ages and ages – in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer to three years. This is also the stage when you are most likely to give up through sheer frustration. Around 60% of new traders quit in the first 3 months – they give up and this is good – think about it – if trading was easy we would all be millionaires. +Another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does. What may surprise you is that of the remaining 20% all of them will last around 3 years and they will think they are safe in the water but even at 3 years only a further 5-10% will continue and go on to actually make money consistently. By the way – these are real figures, not just some I’ve picked out of my head – so when you get to 3 years in the game don’t think it is plain sailing from there! I’ve had many people argue with me about these timescales – funny enough none of them have been trading for more than 3 years – if you think you know better – then ask on a board for someone who’s been trading 5 years and ask them how long it takes to become fully 100% proficient. +Sure I guess there will be exceptions to the rule – but I haven’t met any yet. Eventually you do begin to come out of this phase. You’ve probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now it is in your blood. One day – in a split second moment you will enter stage 3. + + +Stage Three – The Eureka Moment +Towards the end of stage two you begin to realize that it’s not the system that is making the difference. You realize that it is actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right. You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally come the eureka moment. This eureka moment causes a new connection to be made in your brain. You suddenly realize that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 minutes. + +Because of this revelation you stop taking any notice of what anyone thinks – what this news item will do, and what that event will do to the markets. You become an individual with your own method of trading. You start to work just one system that you mold to your own way of trading, you’re starting to get happy and you define your risk threshold. You start to take every trade that your ‘edge’ shows has a good probability of winning with. When the trade turns bad you don’t get angry or even because you know in your head that as you couldn’t possibly predict it it isn’t your fault – as soon as you realize that the trade is bad you close it. The next trade or the one after it or the one after that will have higher odds of success because you know your system works. You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make. + +You have realized in an instant that the trading game is about one thing – consistency of your ‘edge’ and your discipline to take all the trades no matter what as you know the probabilities stack in your favor. You learn about proper money management and leverage – risk of account etc. – and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile. You weren’t ready then but you are now. The eureka moment came the moment that you truly accepted that you cannot predict the market. + +Stage Four – Conscious Competence +You are making trades whenever your system tells you to. You take losses just as easily as you take wins. You now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it loses and when you’re on a loser you close it swiftly with little pain to your account. You are now at a point where at a minimum you break even – day in day out. You will have weeks where you make big money and other weeks where you lose big money – but overall you are breaking even and not losing money anymore. You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away. You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently. You’ll start the day on a big win, take a big loss and have no feelings that you’ve given those profits back because you know that it will come back again. You will slowly begin to make consistent profits week in and week out. + + +Stage Five – Unconscious Competence +Now we’re cooking – just like driving a car, every day you get in your seat and trade. You do everything now on an unconscious level. You are running on autopilot. You start to pick the really big trades and getting big profits in a day doesn’t make you any more excited that getting none. You see the newbies in the forum shouting ‘go market go’ as if they are urging on a horse to win in the grand national and you see yourself – but many years ago now. This is trading utopia – you have mastered your emotions and you are now a trader with a rapidly growing account. You’re a star in the trading chat room and people listen to what you say. You recognize yourself in their questions from about two years ago. You pass on your advice but you know most of it is futile because they’re teenagers – some of them will get to where you are – some will do it fast and others will be slower – literally dozens and dozens will never get past stage two, but a few will. + +Trading is no longer exciting – in fact it’s probably boring you to pieces – like everything in life when you get good at it or do it for your job – it gets boring – you’re doing your job and that’s that. Finally you grow out of the chat rooms and find a few choice people who you converse with about the markets without being influenced at all. All the time you are honing your methods to extract the maximum profit from the market without increasing risk. Your method of trading doesn’t change – it just gets better – you now have what women call ‘intuition.’ You can now say with your head held high “I’m a trader” but to be honest you don’t even bother telling anyone – it’s a job like any other. +I hope you’ve enjoyed reading this journey into a traders mind and that hopefully you’ve identified with some points in here. Remember that only 5% will actually make it – but the reason for that isn’t ability, its staying power and the ability to change your perceptions and paradigms as new information comes available. The losers are those who wanted to ‘get rich quick’ but approached the market and within 6 months put on a pair of blinkers so they couldn’t see the obvious – a kind of “this is the way I see it and that’s that” scenario – refusing to assimilate new information that changes that perception. + +I’m happy to tell you that the reason I started trading was because of the ‘get rich quick’ mindset. Just that now I see it as ‘get rich slow.’ If you’re thinking about giving up I have one piece of advice for you: +Ask yourself the question “How many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?” +Signed: Anonymous. + +Source: https://www.jltrader.com/2015/04/06/the-5-stages-of-a-traders-development/ +The original author of this article is unknown. I’ve first seen it posted many years ago on a forum I think, and I saved it because it made a lot of sense. As I read it again today, I still think it carries a lot of wisdom, and that’s why I want to share it. The 5 Stages Of A Trader’s Development: + +Stage One: Unconscious Incompetence +This is the first step you take when starting to look into trading. You know that it is a good way of making money because you’ve heard so many things about it and heard of so many millionaires. Unfortunately, just like when you first desire to drive a car you think it will be easy – after all, how hard can it be? Price either moves up or down –  what’s the big secret to that then – let’s get cracking! + +Unfortunately, just as when you first take your place in front of a steering wheel you find very quickly that you haven’t got the first damn clue about what you’re trying to do. + +You take lots of trades and lots of risks. When you enter a trade, it turns against you, so you reverse and it turns again, and again, and again. You may have initial success and that’s even worse because it tells your brain that this really is simple and you start to risk more money. You try to turn around your losses by doubling up every time you trade. Sometimes you’ll get away with it but more often than not you will come away scathed and bruised. You are totally oblivious to your incompetence at trading. + + +Stage Two – Conscious Incompetence +Stage two is where you realize that there is more work involved in trading and that you might actually have to work a few things out. You consciously realize that you are an incompetent trader – you don’t have the skills or the insight to turn a regular profit. You now set about buying trading systems and e-books galore, read websites based everywhere from USA to the Ukraine and begin your search for the holy grail. During this time you will be a system nomad – you will flick from method to method day by day and week by week never sticking with one long enough to actually see if it does work. Every time you come upon a new indicator you’ll be ecstatic that this is the one that will make all the difference. + +You will test out automated systems, you’ll play with moving averages, Fibonacci lines, support & resistance, pivots, fractals, divergences, DMI, ADX, and a hundred other things all in the vain +hope that your ‘magic system’ starts today. You will also become a top and bottom picker, trying to find the exact point of reversal with your indicators and you’ll find yourself chasing losing trades and even adding to them because you are so sure you are right. You’ll go into the live chat room and see other traders making profits and you want to know why it’s not you. You’ll ask a million questions, some of which are so dumb that looking back you feel a bit silly. + +You’ll then reach the point where you think all the ones who say they are making profits are all liars – they can’t be making that amount because you’ve studied and you don’t make that, you know as much as they do and they must be lying. But they’re in there day after day and their account just grows while yours falls. You will be like a teenager – the traders that make money will freely give you advice but you’re stubborn and think that you know best. You take no notice and overtrade your account even though everyone says you are mad to, but you know better. You’ll consider following the calls that others make but even then it won’t work so you try paying for signals from someone else – they don’t work for you either. + +You might even approach a guru or someone on a chat board who promises to make you into a trader (usually for a fee of course). Whether the guru is good or not you won’t win because there is no replacement for screen time and you still think you know best. This stage can last ages and ages – in fact in reality talking with other traders as well as personal experience confirms that it can easily last well over a year and more nearer to three years. This is also the stage when you are most likely to give up through sheer frustration. Around 60% of new traders quit in the first 3 months – they give up and this is good – think about it – if trading was easy we would all be millionaires. +Another 20% keep going for a year and then in desperation take risks guaranteed to blow their account which of course it does. What may surprise you is that of the remaining 20% all of them will last around 3 years and they will think they are safe in the water but even at 3 years only a further 5-10% will continue and go on to actually make money consistently. By the way – these are real figures, not just some I’ve picked out of my head – so when you get to 3 years in the game don’t think it is plain sailing from there! I’ve had many people argue with me about these timescales – funny enough none of them have been trading for more than 3 years – if you think you know better – then ask on a board for someone who’s been trading 5 years and ask them how long it takes to become fully 100% proficient. +Sure I guess there will be exceptions to the rule – but I haven’t met any yet. Eventually you do begin to come out of this phase. You’ve probably committed more time and money than you ever thought you would, lost 2 or 3 loaded accounts and all but given up maybe 3 or 4 times but now it is in your blood. One day – in a split second moment you will enter stage 3. + + +Stage Three – The Eureka Moment +Towards the end of stage two you begin to realize that it’s not the system that is making the difference. You realize that it is actually possible to make money with a simple moving average and nothing else IF you can get your head and money management right. You start to read books on the psychology of trading and identify with the characters portrayed in those books and finally come the eureka moment. This eureka moment causes a new connection to be made in your brain. You suddenly realize that neither you, nor anyone else can accurately predict what the market will do in the next ten seconds, never mind the next 20 minutes. + +Because of this revelation you stop taking any notice of what anyone thinks – what this news item will do, and what that event will do to the markets. You become an individual with your own method of trading. You start to work just one system that you mold to your own way of trading, you’re starting to get happy and you define your risk threshold. You start to take every trade that your ‘edge’ shows has a good probability of winning with. When the trade turns bad you don’t get angry or even because you know in your head that as you couldn’t possibly predict it it isn’t your fault – as soon as you realize that the trade is bad you close it. The next trade or the one after it or the one after that will have higher odds of success because you know your system works. You stop looking at trading results from a trade-to-trade perspective and start to look at weekly figures knowing that one bad trade does not a poor system make. + +You have realized in an instant that the trading game is about one thing – consistency of your ‘edge’ and your discipline to take all the trades no matter what as you know the probabilities stack in your favor. You learn about proper money management and leverage – risk of account etc. – and this time it actually soaks in and you think back to those who advised the same thing a year ago with a smile. You weren’t ready then but you are now. The eureka moment came the moment that you truly accepted that you cannot predict the market. + +Stage Four – Conscious Competence +You are making trades whenever your system tells you to. You take losses just as easily as you take wins. You now let your winners run to their conclusion fully accepting the risk and knowing that your system makes more money than it loses and when you’re on a loser you close it swiftly with little pain to your account. You are now at a point where at a minimum you break even – day in day out. You will have weeks where you make big money and other weeks where you lose big money – but overall you are breaking even and not losing money anymore. You are now conscious of the fact that you are making calls that are generally good and you are getting respect from other traders as you chat the day away. You still have to work at it and think about your trades but as this continues you begin to make more money than you lose consistently. You’ll start the day on a big win, take a big loss and have no feelings that you’ve given those profits back because you know that it will come back again. You will slowly begin to make consistent profits week in and week out. + + +Stage Five – Unconscious Competence +Now we’re cooking – just like driving a car, every day you get in your seat and trade. You do everything now on an unconscious level. You are running on autopilot. You start to pick the really big trades and getting big profits in a day doesn’t make you any more excited that getting none. You see the newbies in the forum shouting ‘go market go’ as if they are urging on a horse to win in the grand national and you see yourself – but many years ago now. This is trading utopia – you have mastered your emotions and you are now a trader with a rapidly growing account. You’re a star in the trading chat room and people listen to what you say. You recognize yourself in their questions from about two years ago. You pass on your advice but you know most of it is futile because they’re teenagers – some of them will get to where you are – some will do it fast and others will be slower – literally dozens and dozens will never get past stage two, but a few will. + +Trading is no longer exciting – in fact it’s probably boring you to pieces – like everything in life when you get good at it or do it for your job – it gets boring – you’re doing your job and that’s that. Finally you grow out of the chat rooms and find a few choice people who you converse with about the markets without being influenced at all. All the time you are honing your methods to extract the maximum profit from the market without increasing risk. Your method of trading doesn’t change – it just gets better – you now have what women call ‘intuition.’ You can now say with your head held high “I’m a trader” but to be honest you don’t even bother telling anyone – it’s a job like any other. +I hope you’ve enjoyed reading this journey into a traders mind and that hopefully you’ve identified with some points in here. Remember that only 5% will actually make it – but the reason for that isn’t ability, its staying power and the ability to change your perceptions and paradigms as new information comes available. The losers are those who wanted to ‘get rich quick’ but approached the market and within 6 months put on a pair of blinkers so they couldn’t see the obvious – a kind of “this is the way I see it and that’s that” scenario – refusing to assimilate new information that changes that perception. + +I’m happy to tell you that the reason I started trading was because of the ‘get rich quick’ mindset. Just that now I see it as ‘get rich slow.’ If you’re thinking about giving up I have one piece of advice for you: +Ask yourself the question “How many years would you go to college if you knew for a fact that there was a million dollars a year job at the end of it?” +Signed: Anonymous. + +Source: https://www.jltrader.com/2015/04/06/the-5-stages-of-a-traders-development/ +I'm being offered a job for $90k. The job post had a budget of $80k–$100k based on "location, skills, knowledge and experience." I'm a Midwesterner in a mid-size city getting an offer from a firm in Denver. As for qualifications, no candidate is perfect, but I check nearly all the boxes and the few I don't hit didn't seem like a concern for the employer. I even hit all of their "bonus" qualifications. + +I breezed through the interview process, didn't sweat it at all. + +I currently make $54k. So the $90k is fine, but I feel like there's $10k I'd be leaving on the table that the firm has budgeted for the role. What's the right way to get to as close to $100k as possible? + +Thanks,122anon + +Edit #1: People are already mentioning increased vacation and benefits, whatnot. The benefits are great, including unlimited PTO, which I have every intention of taking full advantage of. I don't know if they hand out bonuses. Something I'll ask. + +Edit #2: The $90k was the first offer from the employer. The only part I played in that was telling them that their budget was "within my expectations" during the screening interview. + +Edit #3: I've noticed some comments saying I'm "greedy" for asking for more, or I should be content with the original offer because of my current pay. My response to this is the $54K is how much my current employer values me; an employer I'm trying to leave in pursuit of personal and career growth. I want to know how much my next employer values me and how that aligns with my goals. So it doesn't matter to me whether I'm currently making $25k, $50k $89k or $150k today. What matters is my worth to who's paying for me and what I want for my career. + +Thanks! +# VML first out of the gate + +^((others have to wait, each post is taking more time than expected)) + +**Contents:** + +1. Disclosure +2. Overview +3. What's next +4. When to buy +5. When to sell +6. Summary +7. The trade + +**1.** **Disclosure:** Not held ^(but should hold (?)) + +**2. Overview:** This is what VML's chart looks like as of today. + +https://preview.redd.it/n8v93r5iohs71.png?width=1333&format=png&auto=webp&s=683dc5905de73f1a347d4b5cc639b6b8e2bf79c9 + +This is what it means. + +https://preview.redd.it/gdzr23mjohs71.png?width=1343&format=png&auto=webp&s=5b9124e6d005fb1f31f203d9faf14765469ce943 + +All good growth stocks exist within a growth channel where prices oscillate between the ceiling and floor which are represented by the ascending 'parallel' green lines **(Item 1).** The longer the price stays between them, the more the share price grows over time. + +VML had a nice run from March 2020 to May 2021 where it experienced 1400%+ growth while remaining within the growth channel. + +However, it was clear that VML was near the end of its upward trend from the bearish divergence on the daily that had begun in Aug 2020 and first confirmed in Jan/Feb 2021 **(Item 6)**. + +* *The RSI (Relative Strength Index) is used to gauge price momentum, effectively how strong buying and selling is. The higher the RSI, the more buying. The lower the RSI, the more selling.* +* *Bearish divergence indicates the strength of an uptrend is weakening when each new high in the share price corresponds to weaker buying pressure and stronger selling pressure. In other words, as VML continued upwards, the amount of selling increased.* + +Generally when a stock enters the end of a trend, it experiences more violent price action. In this case, VML entered a hyper-growth channel **(Item 2)** evidence by the steeper floor in purple. The steeper floor indicates stronger buying momentum with dips in share price more aggressively bought up. This in turn may have lead to buyer exhaustion as VML buyers had 'used up' all their money. + +From May 2021 onwards, in line with a general risk off sentiment for speculative stocks, VML's share price lagged and reversed as sellers stepped in. Selling was so strong that VML exited the growth channel **(Item 3)** and instead found support on the daily 200 SMA. + +* *\[Investopedia\] A simple moving average (SMA) is an arithmetic* [*moving average*](https://www.investopedia.com/terms/m/movingaverage.asp) *calculated by adding recent prices and then dividing that figure by the number of time periods in the calculation average.* +* *In other words, the daily 200 SMA is effectively the daily moving average of the past 200 days of trading.* + +VML tested the daily 200 SMA twice before reversing to the upside but failed to breach the RSI downtrend **(Item 6)** before recently returning to the 200 SMA for support **(Item 4)** + +**3. So what next?** + +If we look at the history of VML, it has relied on consolidation at the daily 200 SMA before launching to new highs (see late 2019 and May 2020 to Aug 2020). If macroeconomic trends continue and commodities continue to rerate or VML finds more stuff in the ground, we could certainly see VML recommencing it's upward journey to **12.5c** (**Scenario 1**). In this scenario, it will probably try to enter the growth channel again but expect heavy selling as the former floor that acted as previous support is now resistance. + +If China lets Evergrande implode and global markets sell off in fear, then there's nothing stopping VML from falling through the daily 200 SMA to the weekly 200 SMA at **1.7c (Scenario 2)**. + +In my opinion, Scenario 2 is much less likely than Scenario 1. + +&#x200B; + +https://preview.redd.it/fgl7ul65whs71.png?width=1339&format=png&auto=webp&s=c6faf03154bf515dfd3c1994a08f00d83d8fc3be + +**4. When to buy** + +Not when VML is at ATH. + +In the short term, VML presents a good buying opportunity with MACD turning up **(Item 7)** which indicates a reversal from downward to upward momentum and **Item 5** which indicates daily RSI is near the bottom, resting on a support. Both of these indicate VML will go up in the short-term. + +&#x200B; + +https://preview.redd.it/gdzr23mjohs71.png?width=1343&format=png&auto=webp&s=5b9124e6d005fb1f31f203d9faf14765469ce943 + +Whether it *then* continues to go up and how far up it goes is dependent on fundamental news as explained in Section 3. + +**5. When to sell** + +Certainly not now when RSI and MACD are indicating a share price reversal to the upside. + +In an *uptrend*, look for signs of bearish divergence and buyer exhaustion. Also look for important price levels such as ATH at **9c** where profit taking is expected. + +Alternatively, if RSI breaches the support line **(Item 5)**,MACD continues further to the downside **(Item 7)**, or 200 SMA daily is breached **(Item 4)**, I would be derisking (not necessarily selling all) my position as this would be the beginning of a *downtrend*. + +**6. Summary** + +VML has had a nice run. It took a break after failing to maintain bullish momentum in May 2021. Future looks good but is contingent on positive news for the stock which may push VML to new ATHs. Price action is currently consolidating around the 5c to 7c area with some short-term upside. + +**7. The trade** + +Buy at **5.7c** and sell at **9.0c** for 58% profit. Free carry if you wish (sell 63% of your position at 9.0c and hold the rest) + +Tight stop loss at 5.3c but beware price manipulation from stop loss hunting. + +# Feedback is appreciated and always happy to answer questions about TA etc +We got a letter from the IRS stating they had adjusted a previous year's tax return to reflect an amount of adjusted income reported and we now owed a huge amount of taxes and penalties. This shocked us as we each have a single job and certainly no additional income on the side, much less enough to generate a tax burden in the tens of thousands. A couple phone calls revealed that my husband's SSN was fraudulently used in association with an Amazon seller account that generated enough income to require tens of thousands in income tax owed. We never sold a thing on Amazon so this is an obvious case of identity theft / fraud. So far the IRS and Amazon have not been exceedingly helpful and it seems the onus is all ours. We'll take the obvious steps one should take when a victim of identity theft, but im curious if anyone has dealt with this before. Amazon is so prolific I can't imagine this hasn't happened before. + +TIA! + +EDIT Thank you for your suggestions and concerns about validity but you've not uncovered a victim of a fake IRS letter. + +EDIT again. I truly do appreciate the fervor with which you guys are ensuring we're not getting scammed by a fake IRS letter writer. This is NOT THE CASE. Two identical letters were received one addressed to me, one to my husband. Both had my SSN on them (I filed as primary that year). My husband called. The fraudulent income indicated in the letters was associated with his SSN which was nowhere listed on the letters received. + +EDIT 3... you guys are awesome. Sincere thanks to everyone - we've gotten so much great advice and a great start on tackling this. I imagine this will not be a quick resolution but I'll update at some point! THANK YOU!! :-) +[https://www.reddit.com/r/place](https://www.reddit.com/r/place) + +# [https://halfdane.github.io/rplace/](https://halfdane.github.io/rplace/) ---- GO HERE + +This will show you coordinates, and you place the tile based on the coordinates here. When you mouse over, it gives you the x and y axis - IF YOU CLICK THE TILE, IT WILL BRING YOU TO THE CORRECT TILE!!!! Then pick the correct color and place it :) + +# How to use the Github program: + +&#x200B; + +[click the tile](https://preview.redd.it/a4ljs4mt7zq81.png?width=279&format=png&auto=webp&s=7b09f539f7dbee0d55bb19119b69c7f3f6c4a7e9) + +# when you click on the tile in Github it will bring you to the same tile on r/place + +https://preview.redd.it/viaip0xj1zq81.png?width=729&format=png&auto=webp&s=f5c63cb74e4323972a5789a3247f542754837536 + +# Click on "place a tile" + +# Choose the correct color and place the tile! Wait 5 minutes, then do it again!!! LFG! + +# JOIN US IN THE DISCORD TO HELP! [INVITE HERE](https://discord.com/invite/hgJmtEeJ) + +[https://www.reddit.com/r/Superstonk/comments/ttcrsu/no\_april\_fools\_jokes\_rplace\_is\_back\_and\_well\_get/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ttcrsu/no_april_fools_jokes_rplace_is_back_and_well_get/?utm_source=share&utm_medium=web2x&context=3) + +original post + +[https://www.reddit.com/r/GMEPlace/comments/tt6mty/updated\_gme\_rplace\_strategy\_please\_provide/](https://www.reddit.com/r/GMEPlace/comments/tt6mty/updated_gme_rplace_strategy_please_provide/) + +# Strategy + +Beginning of [u/ChippThaRipp](https://www.reddit.com/user/ChippThaRipp/)’s [post about the strategy](https://www.reddit.com/r/GMEPlace/comments/tt6mty/updated_gme_rplace_strategy_please_provide/) (there are more details within about how [r/place](https://www.reddit.com/r/place/) actually functions): [https://www.reddit.com/r/GMEPlace/comments/tt6mty/updated\_gme\_rplace\_strategy\_please\_provide/](https://www.reddit.com/r/GMEPlace/comments/tt6mty/updated_gme_rplace_strategy_please_provide/) + +Efforts will be prioritized based on the position of a component within the image above, this is to ensure that we get at least one key component on the canvas as it’s a large undertaking and we’re unsure how many people will actually help out (hedging our bets). + +* **Priority 1: Gamestop Logo** +* **Priority 2: GME Ticker** +* **Priority 3: DFV** +* **Priority 4: Loopring and Immutable** + +Please check out the post from Ripps above, as it goes into A LOT more detail. + +I’m sure many people with have lots of different feedback, bring it to the discord - it’ll be chaos, fun chaos though. As said before, people have put a lot of effort into coming up with this design and building out the strategy, so if you do have feedback - try to make it actionable straight away as things will move fast. + +This lasts until April 4. LFG!!!! +The reason is that a lot of the household bills (which are about half in by name, half in his) are hard to pay from the other person's account. Payments say they go through on the online portal but then somehow don't a while later (this happens when I pay as well). + +It's very frustrating and we want to solve this. Plus have a common account for groceries and things like that. + +We'd both put equally into this new joint account. I said we'd need to do it at a separate bank not associated with the ones we use already just to avoid confusion. + +**Just being paranoid but if someone goes after him for whatever--student loans, a car accident, an overdraft--could it damage my credit or could they garnish my other accounts?** +Highly recommend taking a look at these links. I may write something more detailed in the future but I don’t have time unfortunately right now so this was the best I could do. I wonder how many bank headquarters were built with massive tax exemptions like this. The other thing on my mind is what the quality of these bonds are. + +To quote Wall Street Journal + +“Liberty Bonds are tax-exempt private-activity securities authorized by Congress in 2002 to jump-start redevelopment of lower Manhattan. Most private-activity bonds have to meet stringent Internal Revenue Service tests to qualify for tax-exemption, but Liberty Bonds have carte blanche.” + +https://www.wsj.com/articles/SB112783196927053276 + + + +These bonds were used specifically for the area labeled the “Liberty Zone” affected by the 9/11 attacks. They were supposed to spur development in the area after the clearing of damaged surrounding buildings. + +https://www.gao.gov/assets/gao-04-72.pdf + +Instead Goldman got a big chunk of it for their new corporate offices. + +“More singular still, state and local governments decided to give the firm another big subsidy by letting it use $1.65 billion in tax-exempt Liberty Bonds, intended to stimulate economic development after 9/11, to cover part of the building’s $2.1-billion cost. Last month, Goldman announced that it had made a profit of nearly three and a half billion dollars in the first quarter of this year—enough to have paid for the entire building, in cash, in a couple of months, without any help from taxpayers.” + +https://www.newyorker.com/magazine/2010/05/17/shadow-building + +My statement of them getting the largest share of the bonds was from this government report + +“To date the largest allocation of Liberty Bonds was for $1.65 +billion issued for Goldman Sachs to remain downtown, where the company +has been located for 136 years” + +https://www.govinfo.gov/content/pkg/CPRT-109HPRT20452/html/CPRT-109HPRT20452.htm + + + +A government report looking back at the program I found interesting as well.. + +“. For example, the actual usage of the benefits before authority expires, such as in the case of the New York Liberty Bonds, is uncertain. Also the Internal Revenue Service (IRS) is not tracking actual use of the Liberty Zone benefits and, consequently, little data will be available on the value of the tax benefits to the Liberty Zone. Further, even if IRS were to collect data, it would at best only be able to make an estimate, not a verifiable measure of the tax benefits. “ +https://www.gao.gov/assets/gao-04-72.pdf +Pg 84 + +Here is what looks like the official document for this deal where these “Liberty Bonds” are classified as Series 2005 Bonds which were also classified as “Original Series 2005 Bonds” . This document appears to be about a second set of bonds they secured valued at over 19 million dollars. +https://esd.ny.gov/sites/default/files/2016_NYLDC_OfficialStatement.pdf + +Original article about people choosing to not go into the headquarters. + +https://fortune.com/2022/03/11/goldman-sachs-return-to-work-employees-david-solomon/ +The price-book ratio of disney now, at the current stock price is approx 2.5 . Do you guys think this is good value for the company? I mean you are only paying a slight premium for their intangible assets such as their brand name and at the current stock price, im assuming that their disney + streaming service is valued extremely cheaply + +I know that this is not a thorough analysis, just wanna throw this out to more experienced investors and learn some alternative perspectives and risk. Do share! +Hi all, +I read all the time about inflation in the US, about what the Fed will do, rate hikes, etc. + +Now, since most of my holdings will be impacted by that (one way or another), I find useful to keep up with the news, but I see very little being discussed about the situation of inflation in EU and what the BCE would like to do. This is of course due the fact that lots of financial media focus on the most important market, but since I am resident in EU (Germany) I would be interested in getting quality information about it. + +So far, the info I collected was a bit confusing with south European countries growing the most, etc. Do you know good summaries written by competent analysts that can help me to i) understand better the situation; ii) have an intuition about how things can go in the next years and iii) help me prioritize investment opportunities. + +Thanks! +I’m FattyFire. My sister and her husband are mega rich (still working). I’m always at a loss at Christmas or birthday times to come up with good gifts for them. What do you gift folks who have all the money in the world? I’m thinking experiences, art, services. Would love for folks here to drop their ideas or approaches to this annual conundrum… Thanks! + +Edit: Budget is maybe $500-$1000? Anything more might be awkward (just my personal approach/situation). +# [Continuing from 1.1](https://www.reddit.com/r/Superstonk/comments/v65pd0/the_burning_cogs_in_the_wheel_part_11_gamestop/?utm_source=share&utm_medium=web2x&context=3) + +# Private Equity + +These types of hostile takeovers were known by a bunch of private equite companies. The two of the more common ones I came across were Bain Capital and Silver Lake. + +# Bain Capital + +Boston Consulting Group, Bain & Company, and McKinsey & Company are known are [The Big Three management consultancies.](https://en.wikipedia.org/wiki/Big_Three_(management_consultancies)) Here is just Bain Capital history of mergers and acquisitions. + +&#x200B; + +https://preview.redd.it/nol5vvhan0491.png?width=1287&format=png&auto=webp&s=cbd4ca56b1050b97799494a35907f4c9bc3609d5 + +# Silver Lake + +https://preview.redd.it/smt9apobn0491.png?width=1884&format=png&auto=webp&s=0c276a4dae8510de64a370edd48e4974d1813c24 + +# Leverage Buy Outs! + +ELIF: + +A leveraged buyout is when a purchasing company using borrowed money to buy another company, thus, allowing for an advantage for larger companies to be acquired with less personal assets. + +https://preview.redd.it/8us8xcbdn0491.png?width=2320&format=png&auto=webp&s=eb05e57369c692e3df2b9b9117b4aa986dab95f6 + +A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of the purchasing. The assets of the targeted and acquiring company are used as collateral for the loans causing a high risk. This allows a company to purchase a much larger company with a much smaller amount of their own assets. + +&#x200B; + +https://preview.redd.it/qso2lb2en0491.png?width=1144&format=png&auto=webp&s=e9ff0812eb340dfa4f5da33734bb3a45a3752acb + +There are three main reasons to conduct a leveraged buyout: + +1. To take a public company private +2. To spin off a portion of an existing business by selling it +3. To transfer private property, as is the case with a change in small business ownership + +# 2019 Leverage Buy Lawsuit + +A[ lawsuit](https://www.rgrdlaw.com/cases-private-equity-antitrust-class-action.html) was brought in December of 2007 by shareholders, a trust, and a public retirement trust fund of companies that were bought out. The lawsuit focused on company that were a part of buyout deals from 2003 to 2007. It was not finalized until mid 2014. + +The transactions at issue here were ‘club deals,’ whereby two or more private equity firms join together to conduct a leveraged buyout,” the lawsuit said. “The shareholders do not contest the legality of club deals, but instead contest what they characterize as illegal agreements between the private equity firms to allocate the leveraged buyout market on a wide scale. + +Several large private equity firms conspired with one another to agree not to outbid one another prior to the financial crisis. They reduced competition by following “club rules,” where two of more private equity firms would join together to conduct a leveraged buyout. They would often team up on buyouts and providing quid pro quos to influence each other’s behaviors. + +These firms promised to pay less than fair value for the target companies, which resulting in shareholders being deprived of the true value of their shares upon sale of the target companies. + +Specifically, the plaintiffs alleged that the firms submitted sham bids, agreed not to submit bids, granted management of the target companies certain incentives, and included losing bidders in the final transactions, the suit said. + +* Apollo Global Management LLC +* Bain Capital Partners, LLC +* The Blackstone Group L.P. +* The Carlyle Group +* Goldman Sachs Group Inc +* Kohlberg Kravis Roberts & Company Inc. (KKR) +* Providence Equity Partners, Inc +* Silver Lake Management, L.L.C +* TPG Capital L.P. +* Thomas H. Lee Partners, L.P. (THL) +* JP Morgan Chase + +Using a [2019 list of largest private equity firms,](https://en.wikipedia.org/wiki/List_of_private-equity_firms) 9 / 20 of the top companies were associated with this lawsuit. + +https://preview.redd.it/t778696fn0491.png?width=1754&format=png&auto=webp&s=daa3027bdc052d75816ec8113952d8106cf82073 + +# Piling on Debt + +GameStop was just piling on this unnecessary debt through out the years. Here are just 2011 and 2012 Giveaways / Sweepstakes. They keep happening but the list started to become exhausting... + +* An all-expense paid trip to San Diego Ca +* A VIP tour of Guerilla Studios in Amsterdam +* Spend more than $59.99 get + * A free $15 gift card + * One-year magazine subscription + * limit one coupon per visit +* [2012 Mitsubishi Lancer](https://news.gamestop.com/news-releases/news-release-details/gamestop-invites-gamers-go-commando-gears-war-3) +* Xbox Live memberships +* An ATV +* MSI Wind Pads +* Flat screen TVs +* Autographed Gears of War 3 concept art +* [$100,000 in cash and prizes](https://news.gamestop.com/news-releases/news-release-details/gamestop-scores-midnight-launch-events-madden-nfl-12) +* [home theater setup](https://news.gamestop.com/news-releases/news-release-details/gamestop-invites-gamers-become-ultimate-player-saints-rowr) +* [2012 Jeep Wrangle Call of Duty Modern Warfare 3 Special Edition](https://news.gamestop.com/news-releases/news-release-details/lock-your-perks-and-load-prizes-gamestops-call-dutyr-modern) +* Trip around the world +* XBox Ultimate Gaming Bunker +* Zero-G experience +* $10,00 in cash +* [A trip to the 2012 summer Olympics](https://news.gamestop.com/news-releases/news-release-details/win-trip-2012-olympic-games-london-gamestopr-powerup-rewardstm) + * Round trip airfare + * 6- night hotel accommodating for 5 + * 4 ticker to see 3 Olympic sporting events + * 4 tickets for the London Bus Tour +* [Get immortalized in Max Payne 3s on a tombstone](https://news.gamestop.com/news-releases/news-release-details/gamestop-offers-chance-live-forever-max-payne-3) +* [Custom Painted Motorcycle](https://news.gamestop.com/news-releases/news-release-details/gamestop-celebrates-summer-game-love-gamestock) +* Xbox Super Bundle +* Luxury Included Vacation from Beaches Resorts +* Made into an Assassin's Creed character +* The opportunity to crush cars in a tank as part of Activision’s Call of Duty: Modern Warfare 3 experience +* [o A trip to Los Angeles to live the life of a rock star in Rockstar Games’ L.A. Noire, which included a chauffeured Bentley and shopping on Rodeo Drive](https://news.gamestop.com/news-releases/news-release-details/gamestopr-powerup-rewardstm-reaches-20-million-members) +* [4 Passenger Black Ops II Teryx4 side x side off-road vehicle from Kawasaki.](https://news.gamestop.com/news-releases/news-release-details/gamestop-launches-fourth-and-final-wave-pre-order-bonuses-call) +* Helicopter flyover +* and so much more + +They also included rewards with other companies that made no sense. + +https://preview.redd.it/h2yihyprq0491.png?width=887&format=png&auto=webp&s=c691e0d403939ca6ec3a4a3cc300ed89adbc4f30 + +The board even had a [corporate jet.](https://news.gamestop.com/node/17531/html) + +https://preview.redd.it/z84zxr9gn0491.png?width=1726&format=png&auto=webp&s=86ccd9d9907beeff41de49378e00a2bd480a21dd + +# Other similar occurences + +[Toys R Us (2020)](https://pitchbook.com/news/articles/toys-r-us-creditors-sue-former-bain-capital-kkr-execs) + +* Filed a lawsuit against several former executives who were also associated with Bain, KKR, and Vornado Realty Trust. +* The lawsuit is suing claiming + * Breach of fiduciary duty, fraudulent concealment, and misrepresentation + * Acting only in self-interest rather than the company + * Stealing millions before filing for Chapter 11. + * The inappropriate fees of $18M charges by Bain, KKR, and Vornado. +* Bain, KKR, and Vornado were not required to provide actual services despite receiving money from Toys R Us. +* Bain and KKR was charge and ended up paying $20M. + +[Bamboo Sushi (2020)](https://pdx.eater.com/2020/5/7/21249530/bamboo-sushi-lawsuit-owner-bain-capital) + +* Filed lawsuit against Bain Capital for defamation and breach of fiduciary duty. +* Bain purchased Bamboo for $15M and soon after began a hostile takeover. +* Bain Capital considered withholding $7.4M unless + * Company profits quickly increased. + * Bamboo CEO handed over more shares to Bain, which he later did to secure the original $15M offer +* Bain fired Bamboo CEO + * Bain demanded more shares to gain majority ownership and threatened the CEO with false fraud claims over a 2017 accounting error + * Bamboo CEO stated that it was a simple human mistake. +* Bain was considering filing Chapter 11 or a complete company reorganization. +* Lofgren refused to give up more shares so Bain threatened to fire him for fraud for a single + +# TLDR: + +* The 2005 Merger with EB Game was just the start of the manipulation of GameStop +* GameStop underwent a hostile take over via a proxy battle and a tender offer +* Many other companies had the same events happen to them during this time period +* GameStop was acquiring massive amounts of unnecessary debt to be hopefully forced into bankruptcy so a private equity company could purchase the company + +# Note: + +Again, I would like to repeat that I had to break this up into parts so it would more easily be digestible. +Accounts = 80,000 +Avg Shares = 174 + +13,920,000 Shares in CS + +Free Float = 36M +Total Shares Issued = 72M + +Approx 39% of Free Float is locked. +Approx 19% of total shares are locked. +We know Ryans shares are locked. + +The liquidity is what Kenny uses to kick the can, this is the only way Citidal knows. But when apes buy and DRS, ensureing those shares are not being traded everyday... Well shit is starting to get extremely real over at Citidal HQ. +Illiquidity is the catalyst, DRS is the way. +So my wife was cutting wood on a table saw on Friday morning and the cat brushed up against her. And yes, this is going where you think it's going. She looked at the cat for one split second, but that was all it took. Her hand followed her eye movement and she cut all five digits off. I'll spare you the entire story, but the doctor tried to re-attach as much as possible. He's hopeful the pinky and the index will heal but there are no promises. The rest are nubs if that. Needless to say we are heartbroken. My wife just accepted an early retirement package from teaching at 42 but we don't want to touch her retirement yet as there will be penalties. She was moonlighting at the local hospital as admin but now typing fast will obviously be an issue so who knows if she will even have a job. I am on SSDI as I've had a stroke. Does anyone know of any routes we can take right now? Any help would be greatly appreciated. We have some savings but bills will pile up quick and I don't want to go into this blind. Thank you all. + +&#x200B; + +Edit: We are in PA if that helps + +&#x200B; + +Edit 2: Well, it seems that she is not covered under our homeowner's as she is listed as a primary owner and not a 3rd party. As for the employer's taking out a group disability insurance, they did not and they said she would not be covered anyway because she is part time. Also, I want to note that she retired from teaching at the end of last year, not this year, so she is no longer considered an employee of the school. Unfortunately, we are likely just screwed right now until she can go back to work. We have already requested Dragon voice to text and I've ordered a one handed keyboard for her to start getting used to using. + +I thank all of you for your input and your kind words. I have read everything everyone has taken the time to write and will continue to read the new ones. I appreciate all of you very much. +Guys, guys, I was scrolling through Superstonk apes and I found someone that could start the MOASS, sooner than later. + +Judging by all the shares [this awesome ape](https://www.reddit.com/user/me/) possesses, I am certain that when he or she DRS, MOASS will start. + +&#x200B; + +[Computershare for infinity is the way. ](https://preview.redd.it/mk6wc33j1fq71.jpg?width=600&format=pjpg&auto=webp&s=677573e6078e0eac9a58ab54ac375a81a883374b) + +&#x200B; + +Of course, none of this is financial advice and you should do your own research. + +&#x200B; + + 🚀 🚀 🚀 🚀 🚀 +My wife and I are in our mid 20s. We have 2 kids and live in a MCOL part of the country. Combined, our salary is $120,000 a year and we get $15,000 in bonuses. Our monthly income (not including bonuses) is a little over $8,000 a month. Currently we are saving $4,000 a month in a combination of 401k, Roth IRAs and taxable accounts. In addition, our bonuses typically go 100% toward our taxable account. At this time, we have right at $180,000 in retirement and non retirement investment accounts. I was looking at a compound interest calculator, and with a 10% rate of return, we would have over a million in investments by 35 even if we cut our monthly savings to $3000 a month. We don’t really have a desire to FIRE. I feel like we save more as psychological safety net (both came from parents that were bad with money). We don’t bypass life as it is, we have taken 2 vacations this summer and are going on another this month and we do things as a family basically every weekend. But, we do have times that we will tap the budget for the week and skip small stuff like going to a movie or a dinner out together and it feels weird to say “we don’t have the money for that” when the money is in our savings. Should we cut down on the savings and put a little more into living life? +Something that has crossed my mind lately as I've seen news of inflation and rising interest rates impacts on 'everyday Aussies' is however with the the people they are interviewing they seem to have a lot of bits and pieces in the background, multiple vehicles, wearing jewellery, flash looking furniture, appliances throughout the home/kitchen, hair and nails did, designer pets, etc, etc. + +Even with people I talk with in person they'll bemoan the price of everything yet next thing be showing off a new PS5 game/accessory, wearing some new clothes, telling me how much they like the liquor they have been drinking lately or hyping say a new phone or electronic device. + +I don't begrudge people having nice things but it seems off if they are otherwise complaining about economic circumstances. + +Am I wrong in believing this or is their evidence to back this up? What's everyone here think? +In 2019, I started a thread on "[What surprised you in early retirement?](https://www.reddit.com/r/fatFIRE/comments/e09b2n/what_surprised_you_in_early_retirement/)?" - I was a year in. Now 3 more years in as I near my 4-year anniversary, I thought I'd revisit the topic and see what others are experiencing. + +Edit: for additional context, see also +[some of the stuff I did winding down my career and transitioning into retirement](https://www.reddit.com/r/RedditForGrownups/comments/e5ovtn/redditors_over_5055_who_have_started_winding_down/f9l4xcz/) +&#x200B; + +* **Financially**... YTD net worth is down about 30%. In strict dollars, those numbers were giving me a lot of heartburn until I put it into context. We're living on about a 2% withdrawal rate in a high (very high?) cost of living area. That's up from about 1.5% from December 2021. Total worth is actually about where we were 1 year ago - the last several years have been really good. Still up 68% since retirement in 2018. I'd been taking out cash to build up a down-turn war chest and still have a couple years where I wouldn't have to sell anything to cover budget. There are definitely more creative ways to have managed this, but it gave me good peace of mind and it's working so far. I'm mostly long-term stock mix plus a paid off house - not quite Bogle due to over-weighting in my former company, but my adviser says if I had to be overweight in a company... I'd picked a good one. +* **Family**... I knew I didn't want to be distracted by work while entering the teen years with my kid and so wanted to spend more quality time with them and my spouse. I was one of those almost-cliche people that quit to "spend more time with my family," but really meant it. It was always one of my big RE motivators. 2020 landed with a thud and I got way more time than I ever expected. My spouse still works part-time, and even with just one kid the pandemic schooling felt like a full-time job for all of us. We're also in the spot where our elders are still alive but fading fast. It's good to be able to focus on them and not be quite so conflicted on trying to juggle work and being able to get to them to handle emergencies. +* **Socially**... Most of my "work friends" have pretty well faded. I was hoping some of them would still be in my orbit, but I guess no real surprise. Keeping my LinkedIn up to date has been useful and most of my contact with them these days is helping people network professionally or for volunteering efforts. There's some life mentoring happening, but not as much as when we were together in-person over lunch and the young kids asked for advice. I got into an early pandemic tech project run entirely by volunteers, and it was great fun to introduce people to each other for social good. Most of my personal friends are still working and the pandemic put a crimp in doing a ton of group socializing. +* **Professionally**... I touched on the social/professional boundary above, but it's interesting watching peers go on to big things. I assume many of them continue working because... they want to keep working? I don't get it, but more power to them. Some of them are doing big things that get noticed on a global scale, but it's just not important to me. Most of my professional awards are in a box... someplace? I think? I'd have to go looking for them. Looking back most of my work tweaked the world for a while, and then it's on to the next thing. I get way more sense of satisfaction now from teaching a kid to drive and watching them go on to be independent. One of my friends who is on the cusp of retiring is on the "slightly chubby" FIRE stage, and figures he'll get a supplemental job if he needs one occasionally. He envisions jobs like hardware stores or other non-specialized work, and is a little worried how he'll feel with the reduced scope, lack of a fancy title, and maybe being looked down on if he runs into former peers. If his plan goes right, he's off to fun adventures around the world, and he has a viable back-up plan... but may end up postponing the fun because of those worries. +* **Social Good**... Speaking of volunteering... it surprised me a little how quickly that can act like expando-foam to fill any available gaps in my schedule and start squeezing maybe a little uncomfortably. There's a definite shortage of really capable people with drive in the volunteer space... So many people with those skills are, well, still working and/or haven't reached the phase where giving back has become important. I highly encourage everyone with capacity to have a side-gig for social good before or in addition to hobbies like fast cars and hedonism. I'm already on one non-profit board, and two more are knocking on my door. I was surprised to see I'd done nearly 550 hours volunteering with just one organization last year. I occasionally wonder if I'd have a greater impact just getting a paid gig and just signing over the paycheck each month, but right now what I'm doing is reasonably fulfilling. I also kind of eye some of the big "public good" non-profits in my area like PATH and the Gates Foundation, but most of the places I could see myself there are very much day-jobs beyond my current desired pace of life. I could do bigger and better good there, but it'd cost more of myself than I want to give right now. We give money and appreciated stocks, and that's a super slippery slope. We're still coming to terms of what's a reasonable amount of wealth to keep as a safety net vs. giving away given our relatively young age and launching the next generation. +* [**Avoiding the lottery syndrome**](https://np.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb4v05/)... It's still awkward having conversations about my current situation. Early on it was "I'm taking some time off." 4 years in, I still hesitate a little to say even to myself I'm fully retired. It comes up during social events of "I heard you left..." or "What are you doing these days?" Peers who are working because they have to react a variety of mostly polite ways. Sometimes it's "you lucky bastard," and sometimes it's a defeated "I'm not sure I'll ever be able to retire." I have a couple relatives I'd gladly give money to help them get out of the rat race, and my only stopper is that they get super uncomfortable even with hints of taking even money for their kids' college funds. So far I haven't had anyone aggressively come out of the woodwork asking for money, mostly I imagine because we're still pretty quiet about it. +* **Lifestyle creep**... Expenses are expanding in some directions, but so far we're still fundamentally about the same. We're plowing more money into house renovations that improve quality of life, but haven't done anything radical and we don't see ourselves buying a vacation property. Once time, family, and pandemic allow we see ourselves renting places around the world for a month or more at a time. I like my 20 year old truck - it fits like an old glove and does what I need. I do want more of the safety bells and whistles and a better stereo, but so far not enough to change. I say one of my key "jobs" right now is focusing on health for myself and my family, so we're throwing money at that problem: fancy gym, trainer, clothing and gear, home equipment. I've never before owned so many different pairs of shoes with specific purposes. I don't comparison shop as aggressively as I did before, but sometimes catch myself trading time for money really inefficiently. The old habits that got me here die hard. Identifying priorities and the tremendous luck we've been afforded really helps, and makes many decisions much easier to ignore the cost. +The guilt is all-consuming at this point. I grew up in a stable house where food/electricity/hot water were things I never thought about. They were just...there. A clean house in a safe neighborhood with a good dinner every night and toys to play with = my daily reality. I didn't get every single fancy toy I wanted, but I always got some toys and pizza nights on the weekends and trips to the amusement park and decent gifts for birthdays/Xmas and just regular middle class shit. + +My kids? I can't give them shit. FUCK. +I won't belabor this, but I ran a fresh Google Consumer Survey question to understand where GameStop U.S. ownership was at currently. I adjusted the buckets upward from the previous surveying to reflect the fact that most $GME hodlers have only been adding to their position in the past 12+ months. Even with this change aside, results are exactly as I expected ... the number of shares held by U.S. retail investors continues to grow and grow. + +In June 2021, it looked like U.S. retail investors owned about 164MM shares (very conservatively). Today, it looks like U.S. retail investors own five times as much, at 830MM shares. Bear in mind the previous survey capped ownership at 101 shares, whereas this new survey expands the cap to 301. Naturally, this plays a MAJOR role in expanding the average shares held (which has grown from 34 in June 2021 to 95 today). If anything, this just illustrates how truly conservative was the prior approach. + +If you have any questions about method and the GCS platform, check out this post with links to all previous surveying work, and links with tons of details on the who, what , where, and why: [https://www.reddit.com/r/Superstonk/comments/pulqsx/the\_all\_things\_survey\_post\_or\_anything\_modeling/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pulqsx/the_all_things_survey_post_or_anything_modeling/?utm_source=share&utm_medium=web2x&context=3) + +Here's the link to the live survey (currently at 465/500): [https://surveys.google.com/reporting/survey?survey=zbm3mwl4rxtth4evxfkwcfwzey](https://surveys.google.com/reporting/survey?survey=zbm3mwl4rxtth4evxfkwcfwzey) + +https://preview.redd.it/904b9ircvjl81.png?width=2228&format=png&auto=webp&s=4ba8abc151c3a82993a0f1330d35ae68588d0659 + +And here's a quick breakdown of what the numbers mean when extrapolated over the wider U.S. population: + +https://preview.redd.it/8jws971bzjl81.png?width=1358&format=png&auto=webp&s=971504572440e1e42b555bc51fb99bef9369679a + +For all you new comers and naysayers, before you start laying into me on how these numbers seem impossible, consider these two facts: + +1. Just one single U.S. brokerage, Fidelity, serves 40MM individual investors: + +https://preview.redd.it/tmpsxpgm0kl81.png?width=2700&format=png&auto=webp&s=89c556429058b0155902875b245456eb2a96b97d + +2) One single broker in Sweden, Avanza, actually published the number of GameStop hodlers (21K) and number of shares held (511K). This comes out to 24.3 shares per holder. Now bear in mind that Sweden is 1/33 the size of the U.S. in population (10.2MM versus 332MM). Not only that, but Americans are more than twice as likely as Swedes to own stocks, as illustrated below. + +[https://www.reddit.com/r/Superstonk/comments/sueah3/we\_are\_all\_swedish\_today\_245m\_shares\_exist/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sueah3/we_are_all_swedish_today_245m_shares_exist/?utm_source=share&utm_medium=web2x&context=3) + +For Swedes: + +[As of 2018, about 18&#37; of Swedes own stocks: https:\/\/www.euroclear.com\/dam\/ESw\/Brochures\/Documents\_in\_English\/The\_Shareholding\_in\_Sweden\_2018.pdf](https://preview.redd.it/puvmuwtc3kl81.png?width=1446&format=png&auto=webp&s=0bc0a82f743e8558b229893a17b1f2baa1fdb69f) + +For Americans: + +[As of 2021, about 56&#37; of U.S. adults owned stocks: https:\/\/www.fool.com\/research\/how-many-americans-own-stock\/](https://preview.redd.it/ieibiqvj3kl81.png?width=1632&format=png&auto=webp&s=5545ed20801906146bf051a9621b4a158c55a927) + +Yes, the above compares U.S. adults to all age groups in Sweden, but even correcting for this, that leaves about 25% of Swedish adults owning stock, compared to 56% of their American counterparts. + +In other words, about 120MM American adults own stock ... so is it a stretch to think that \~9MM of these might own at least some GameStop shares? + +We'll get an even better picture of the situation when GameStop once again (hopefully) shares DRS numbers in their Q4 10-Q, but I think it's pretty clear ... Hedgies R Fuk. + +Buckle up!!! + +.................... + +EDIT #1: So the survey has since completed (502/500), so here are the final tallies (as you can see, not much changes with the extra 37 samples): + +https://preview.redd.it/5177vgnn0ol81.png?width=1360&format=png&auto=webp&s=2d3d1ff2404d4bddfd07b580a091f4cd33df5065 + +In addition to this, there were several comments about using the lower-bound on the share buckets as opposed to the mid-range of the bucket. This is fine as it keeps in the spirit of taking an even more conservative approach. Here's what that looks like: + +https://preview.redd.it/h37g67gu0ol81.png?width=1360&format=png&auto=webp&s=e5781a7a301b399a8ca375c1d5503fa2bf87f08c + +I should also mention that the weakest part of this research is the average share calculation. While a sample of 500 is fine for determining the ownership % (w/ a pop. of 134MM, a confidence level of 95% and a sample of 500, we're looking at a margin of error of 4.38%), the average shares held is working off of a VERY small sample of only 51. Way too small, so take this average with a grain of salt. The counterbalance to this is we're capping at 301 shares. So this approach completely ignores any and all shares above that amount, as described in the red text above. Just something to keep in mind. But considering the Avanza Swedes have an average of 23.4 shares each, I think something in the neighborhood of 70 to 100 shares is in the realm of possibility for U.S. investors. +I have a decent paying job and my wife and I can probably retire in the 50-55 range if we are reasonably frugal, which we are. My job is 8 hrs, regular work week, lots of vacation and benefits....but I hate it. Every day here is miserable. + +&#x200B; + +Why? + +&#x200B; + +Because I have nothing, really to do. I have a series of tasks that I may or may not be asked to accomplish. Nothing to contribute, nothing to achieve. No sense of pride or personal value. I will do the same thing next week as I did last, and the same in 10 years. 20 years. And I'll mostly surf the web for at least 50% of my time. It's killing me to be so...unnecessary. I collect samples at a chemical plant. That's it. + +&#x200B; + +I'd love to go back to school and get a trade, but is the working world really any better for anyone else? The worst problem I have with my job, and literally every job that I've ever had, is that I am bored, most of the time, just wiling away the hours until I can go home. I'm wishing away my life so that I can 'retire', only by the time I get there, my kids will be moved out and I'll have had an empty life of misery behind me. So what was really the point? Am I going to restart at 55, or be to ruined from living 25 years with my brain switched off, and not have the power to boot up again? + +&#x200B; + +I sat in a meeting this morning while the power's that be argued about how to micromanage our time, and was literally thinking how I could go about breaking my own arm so that I could access a few weeks of paid sick leave. That's really not what I want out of my working years. + +&#x200B; + +That said, it's totally stable and secure, and I'll never have to worry about money as long as I work here. + +&#x200B; + +Which is worse? Are things really better out there? I hear so many horror stories about others' jobs. And I have never enjoyed any job I've had so I have trouble envisioning that change could be an improvement. + +&#x200B; + +Is the grass really greener on the other side of the fence, or is it only because I'm not over there fucking it up? +# Original post: + +[There seems to be huge opportunity for a ... bot that scalps ... volatility.](https://www.reddit.com/r/algotrading/comments/ons3gc/there_seems_to_be_huge_opportunity_for_a_crypto/) + +# Famous last words: + +>high percentage winning strategy but the losses would be larger. + +# Input: + + import random; from matplotlib import pyplot as plt # Imports. + + config = {'run_days': 1_000, # ~3 years. + 'sell_limit': .02, # 0.2% profit short & long exit. + 'volatility': .05, # +/-0.5% per candle. + 'tick_per_day': 1440, } # Mins in day. If open at end, auto-settle. + + def swing_proof(lim_sell: float, vol: float, open: float=1.0, num: int=2**11): + """Proof simply buying and selling volatility in tandem doesn't work.""" + scalp = lambda opn,p,dif: ((opn + dif) if (max(p) > (opn + dif) # Scalp. + if dif > 0 else (min(p) < (opn + dif))) else p[-1]); lst = [open] + for _ in range(num): lst += [lst[-1] + (random.random() - 0.5) * vol] + return (lst, *[scalp(open, lst, s) for s in (-lim_sell, lim_sell)]) + + def run_test(run_days: int=100_000, sell_limit: float=0.02, + volatility: float=0.05, tick_per_day: int=2**11) -> tuple: + """Run test of swing_proof over many iterations (run_days) w/ params.""" + res = [swing_proof(sell_limit, volatility)[1:] for _ in range(run_days)] + shrt, lng = list(zip(*res)) # Tuple[float]: # Tuples short/long returns. + out = sum(1 - s for s in shrt), sum(l - 1 for l in lng) + return sum(out) / (2 * run_days), shrt, lng # Tuple[float,tuple,tuple] + + res, short, long = run_test(**config) # Run scalp test w/ config. + for p, c in [[short,'r'],[long,'g']]: plt.plot(p, color=c, alpha=.7, lw=.7) + print(f'Average α: {res * 100:.{7}f}%\n' # Print alpha per trade & total. + f'Account α: {(((1 + res) ** config["run_days"]) - 1) * 100:.{6}f}%') + +# Output: + + Average α: -0.6904268% + Account α: -99.902025% + +# Chart: + +[Consistent small alpha both short & long. Rare larger losses as OP suspected.](https://preview.redd.it/bwmy5qc2qfc71.png?width=954&format=png&auto=webp&s=55642f53a05f8980e22912e752c1265317c35354) + +# Conclusion: + +The rare large losses greatly exceed the very common small gains. The result is almost always losing **\~99.9%** of your initial balance here. Although I did see a *+17%* gain one time when running the simulation. + +This should be *obvious*, but I thought it would be helpful and educational for this sub to see exactly why. + +Feel free to play around (Python) with the config. There's an interesting relationship here with the average returns if you can spot it. + +Bonus points if you can explain exactly why the above outcome is **fundamentally** the case from inception. +&#x200B; + +https://preview.redd.it/a7xtugkmaqt71.jpg?width=700&format=pjpg&auto=webp&s=6ca5c1047baaf5e5417789ec0f2d7e8269b32857 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +This instalment in the series will be a double, looking at two stocks on the exchange which share a common history. + +# The Business + +&#x200B; + +https://preview.redd.it/2ll6tnddbqt71.png?width=6000&format=png&auto=webp&s=32415a0f0b26ebc42ab8b2c1a7040f630471392c + +With shopping centres around Australia, and 50million+ visits on a monthly basis, it’s hard to imagine a more iconic name in shopping malls than Westfield. With it's first mall opening in 1959, Westfield expanded to America, UK, and Europe in the decades that followed. At its height, Westfield owned one of the largest shopping centre portfolios in the world. + +&#x200B; + +https://preview.redd.it/2jkih4d5bqt71.png?width=2000&format=png&auto=webp&s=5441d5cfb65d258b76c89d4d816f2b774d395e80 + +In 2014, Westfield demergered its Australian and overseas operations. The former became Scentre Group (SCG), and the latter for a time traded under Westfield Corp (WFD). In 2018, Westfield Corp was acquired by Unibail-Rodamco, and became Unibail-Rodamco-Westfield (URW). Its new owners were themselves a 2007 merger of two major real estate investment companies. Originally, Unibail was a French outfit listed on the Paris exchange in 1972 and Rodamco was a Dutch outfit that was listed on the Amsterdam exchange in 1979. + +&#x200B; + +https://preview.redd.it/s2hihvdkbqt71.png?width=1870&format=png&auto=webp&s=293c48e6763e3402fb317069d5397252e4c537c2 + +Fast forward to today, Scentre Group and Unibail-Rodamco-Westfield between them own hundreds of major retail shopping centres and commercial properties, with a combined net asset worth of over $100 billion. + +# The Checklist + +https://preview.redd.it/360qvivobqt71.png?width=1291&format=png&auto=webp&s=9f74f44c74bfc37ccd3f53c8c6575d923fe47e2a + +Scentre Group (SCG) + +* **Fair Value: $5.11** +* **Target Buy: $4.74** + +Unibail-Rodamco-Westfield (URW) + +* **Fair Value: $8.23** +* **Target Buy: #N/A** + +^(Note about years examined: Slight difficulty in analysing both of these stocks long term history. With all the demergers and acquisitions, some of the older figures are either not available or not very representative of the current stonk. I’ve chosen to exclude the old figures and focus only on the years in which the current organisations were in place. For SCG, analysis applies to 2015-2021. For URW, analysis applies to 2018-2021. This is a bit less favourable to URW as a result of the 2020 results being a larger weighting in the averages.) + +# The Knife + +https://preview.redd.it/1srd749vbqt71.png?width=1778&format=png&auto=webp&s=12c8b8bb8d043d30dbc2eff3456d1476990d80e8 + +The charts are very similar. SCG reached its height in 2016, well over $5 a share. By the time 2018 rolled around (where the URW chart starts), SCG was in a long-term downtrend. URW mirrored SCG’s decline from that point, achieving its highest point shortly after listing. Those that bought SCG at it’s all time high would have from peak to trough seen 75% of their investment vanish, and would be down over 40% even today. Similarly, URW baghodlers at one point were sitting 80% in the hole on their investment, and are still staring down the barrel of a 67% loss. + +&#x200B; + +https://preview.redd.it/hlmeay8wbqt71.png?width=1843&format=png&auto=webp&s=9803804b81c2f30ace246a0c1975261b5255dffe + +Much of this loss can be attributed to the 2020 crash. However, there’s been a marked difference to the extend that each have recovered. While SCG and URW are both still down on their early 2020 price levels, URW has significantly struggled in comparison to SCG. It is still –(57)% off pre-crash price level, in comparison to SCG which is only suffering from a –(23)% discount at this stage. + +# The Diagnosis + +The short answer: Lockdowns don’t tend to be very helpful to shopping malls... + +&#x200B; +