diff --git "a/reddit_finance_43_250k_79.txt" "b/reddit_finance_43_250k_79.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_79.txt" @@ -0,0 +1,10000 @@ + +But Chinese companies can't be owned by foreigners. I can't forsee a future where a foreign shareholder is ever allowed to pressure a Chinese company in to anything. Especially not in to something that enriches the shareholder at the expense of the company + +So what is the actual point? +Tired of memecoins without an actual purpose? Well here is a memecoin with a purpose: Unsafemoon. What makes UnSafeMoon different you may ask. Well for starters UnSafeMoon is a hyperdeflationary asset that has a 10% tax on transactions. 5% is distributed to holders, while 5% goes to liquidity with each transaction. + +What Unsafemoon does different than others projects is burning 99.9% of the supply from 1 quadrillion. + +The heavily weighted burn wallet eats a larger % of these reflections each transaction, which reduces the supply at a faster rate, while still rewarding holders with redistribution. This model rewards holders the most as their stacks grow while the burn wallet eats the supply out from under them. + +In addition to the benefits the token itself provides, the team is building out an RFI friendly DEX, custom RFI token generator (allows non-tech people to customize and deploy their own reflection tokens with the push of a few buttons), a platform for auditing and rating projects integrity and "rug-pull potential", NFT market place, and gamification of reflection tokens. + +The tokens utility will be used as payment in this ecosystem, all of which will be sent straight to the burn wallet further reducing supply. + +As of 1st of June Unsafemoon is listed on Coinmarketcap and as of next week it will be listed on WhiteBit. Join our vibrant and quickly growing communities + +Links: + +Instagram: https://www.instagram.com/unsafemoonofficial/ + +Twitter: https://twitter.com/unsafemoon + +Discord: http://discord.gg/XkXCMksa + +Telegram: UnSafeMoon + +Website: UnSafeMoon.com + +PCS: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8740AE96E6cB91EaEA2b1ba61C347792e308eBF2 +Tired of memecoins without an actual purpose? Well here is a memecoin with a purpose: Unsafemoon. What makes UnSafeMoon different you may ask. Well for starters UnSafeMoon is a hyperdeflationary asset that has a 10% tax on transactions. 5% is distributed to holders, while 5% goes to liquidity with each transaction. + +What Unsafemoon does different than others projects is burning 99.9% of the supply from 1 quadrillion. + +The heavily weighted burn wallet eats a larger % of these reflections each transaction, which reduces the supply at a faster rate, while still rewarding holders with redistribution. This model rewards holders the most as their stacks grow while the burn wallet eats the supply out from under them. + +In addition to the benefits the token itself provides, the team is building out an RFI friendly DEX, custom RFI token generator (allows non-tech people to customize and deploy their own reflection tokens with the push of a few buttons), a platform for auditing and rating projects integrity and "rug-pull potential", NFT market place, and gamification of reflection tokens. + +The tokens utility will be used as payment in this ecosystem, all of which will be sent straight to the burn wallet further reducing supply. + +As of 1st of June Unsafemoon is listed on Coinmarketcap and as of next week it will be listed on WhiteBit. Join our vibrant and quickly growing communities + +Links: + +Instagram: https://www.instagram.com/unsafemoonofficial/ + +Twitter: https://twitter.com/unsafemoon + +Discord: http://discord.gg/XkXCMksa + +Telegram: UnSafeMoon + +Website: UnSafeMoon.com + +PCS: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8740AE96E6cB91EaEA2b1ba61C347792e308eBF2 +Turns out 80% of the engineers at my company hold GME, and the majority were ridiculing another engineer that sold out when it crashed. + +Needless to say, we instantly became best friends, and shared our positions and thoughts on GME. There’s no better way to connect with a group a guys at work that I was only loosely familiar with before. + +Now we will be even less productive! + +Edit: To set the stage properly, I’ve been working from home for the last 13 months. I finally came back in to the office just to check on a few things. We’ve hired a few engineers recently that I’d hardly taken the time to get to know. I was walking through the engineering department on fairly urgent business when I saw a group of younger engineers holding a conversation. I eavesdropped in on the conversation and just heard, “paper-handed bitch.” My ears perked up and I stopped dead in my tracks. I turned around and said, “wait, are you guys talking about GameStop?” *insert Spider-Man pointing at Spider-Man pointing at Spider-Man meme* +The look of recognition of a on their faces seeing a fellow ape in the wild was priceless. By the time we were done reminiscing on the last 4 months and sharing opinions, I was mentally ready to pack up and go home for the day. Knowing other folks that also have a personal stake in GME makes this move so much more fun. It’s one thing to be ridiculed and called a paper-handed bitch on the internet. It’s another thing entirely to have coworkers holding you accountable and making sure that we all hold together. My hands gained a few more diamonds today. +Morale is HIGH as FUCK! + + +Bunch of apes are in ZEN mode, who are not are JACKED TO THE TITS. + + +Everybody is HODLING. Everybody is buying the DIP. +There are problems fullfilling orders, because NOBODY fucking sells. + + +We OWN the float. GME is debtless. + + +Superstonk mods are announcing AMA with industry experts. +Congressional hearings soon. Rules approvals soon. Shareholder meetings soon. + + +Bill Gates devorcing his wife, hedge funds selling everything. +Whole Rusell 2000 is like my asshole after bucket of KFC wings - bleeding in pain. + + +GME buy and hold decision is HYPER-rational. + + +GME shorts are now looking in the sky and they see the GIANT FIREBALL approaching to destroy everything they have. They are trying everything they can, but it's INEVITABLE. + + +&#x200B; + +GME holders, friends, you are all GOAT's. + + +Apes, ants , other living human being and apachi helicopters - you are all IMPORTANT. + + +You all matter. YOU are the reason why we are here. + +You are the reason why we moon soon. + +&#x200B; + +HODL, BUY and VOTE. + +&#x200B; + +Love y'all. + + +Cheers! +I'm interested in adding Royal Mail (RMG) to my portfolio. I usually only invest in a stock if the share price is reasonable compared to the financial situation of a company. + +Royal Mail seems like a weird one, because it has £10b revenue but only £161m net income. The profit margin is incredibly small, which makes sense considering what they do but I'm not sure if this should be a concern or not. It does however have a good balance sheet with £11b assets and £5.4b liabilities. Considering their market cap is only £5.3b this seems like a pretty safe investment based on the assets but not too amazing compared to the net income. + +It's worth mentioning there is also a dividend but not a particularly large one. + +What are your thoughts? +As we approach 2023, would be good to hear peoples favourite idea for the year. + +If there’s a single stock you think that would do well, please share with as much information as possible. + +Not giving financial advice, but always interesting to hear what other people are looking at. + +—- + +My pick: + +MTL: Metals Exploration. + +This should be a transformational year, but remains high risk. + +Market cap: ~£25 / $35m +Debt, (estimated from q3 report, which stated senior debt to be payed off by year end): ~$90m +Interest rate on debt: (assuming senior debt now cleared: 7%) + +Operations: Runruno mine in Philippines +FY guidance: 67,000-71,000 oz +All in cost per oz (q3): $1,347 +Current gold price: ~$1,800 +Margin per oz: ~$450 +Estimated operating profit p.a.: $31m + +. + +A huge change for this company over the last couple of years. The debt has been reduced, and the senior debt expected to be cleared by 31/12/22, according to Q3 report. Importantly this reduces the interest on the remaining debt from 15% to 7%. + +The mine life has been extended this year, but remains probably the biggest concern. Once the debt is repaid, the company will be throwing off cash, but how many years of production will remain? + +Other risks: single operation in the Philippines; gold price; input prices; political risk; management negligence or mismanagement of funds + +Possible upside: if the company can repay the rest of the debt, they could be making around the market cap every year in operating profit. The govt will insist on a 50% cut on profits, but that leaves a p/e of around 2, with the potential to pay all of this back to shareholders. I speculate that we may see a small divi next year, but mgmt may not think this appropriate +*Guys, I'm going to put this out there, as a self-professed and defiant holder. I know some of you are active traders that may take offense to this, so just cover your eyes or ignore me for what follows.* + +**There was a time to trade shitcoins and easily make money in crypto.** Almost anyone could do it, practically by throwing darts at a board. And those times come in cycles, with history repeating itself. One of these cycles is likely in the process of ending, with coins that briefly found themselves in top spots, that are now relegated back to the dust bin of the crypto charts. + +But I believe we may be nearing the end of a mega-cycle of trading shitcoins to make easy money, because **the world is about to realize what a "quality" blockchain is, in the form of Ethereum.** + +Don't get me wrong, some of you can still trade the volatility and make money, but most of us can't do it consistently. And even if you can, consider if now is the time you want to risk your ETH to chase such gains, especially when we are on the precipice of truly amazing things happening for Ethereum. + +[Take this announcement from Vitalik yesterday,](https://www.reddit.com/r/ethtrader/comments/7qoe76/2018_within_the_ethereum_space_will_be_the_year/) where he straight up says 2018 is going to be a huge year for Ethereum. And this coming from a guy who is known for being incredibly un-sensational. *Vitalik does not hype.* + +[Or this article in today's New York Times,](https://www.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html) which presents Ethereum as a "base layer" for a future, blockchain-enabled world. This is the most flattering depictions I have ever seen of Ethereum in the mainstream press, *and it is just the beginning of Ethereum entering the zeitgeist.* + +What's holding Ethereum back from true greatness? Scaling. What has Vitalik committed to bringing to Ethereum in 2018/2019? [**Scaling.**](https://www.reddit.com/r/ethtrader/comments/7qoe76/2018_within_the_ethereum_space_will_be_the_year/) + +Here's my insane prediction: as soon as we have *any* form of scaling that allows for meaningful dapp usage, which could come in the form of [Trusted Relay Networks](https://blog.gridplus.io/introducing-trusted-relay-networks-6c168f72a6f6) or [Minimum Viable Plasma](https://ethresear.ch/t/minimal-viable-plasma/426), it's going to be **game on** for Ethereum and **game over** for much of the competition. + +What will that look like for the price? I think up to 5x, just from temporary / suboptimal (and perhaps linear) scaling that allows for many currently ready dapps to run. Add on imminent futures, EEA announcements, Proof of Stake, Sharding, and maybe even an ETF? Add on another possible 5x to 10x. I know, this yields insanely high numbers, and I know many will think this is being completely unrealistic, but ***you're about to see what happens in a market when it starts to realize fundamental value over hype.*** +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. + +[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: 131072 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) +For the more experienced folks. + +When tenant is late on rent, how long have you guys waited to start the eviction process. + +Have a tenant who has tons of money but has implied in the past few weeks that he’s not going to pay because he’s separating with his wife who is there. + +All parties have essentially stopped talking to me. He is 3 days late +My primary position went up huge over a two-day period due to a superior earnings report. Realizing where the stock is ultimately headed, I felt I had no choice but to buy back the calls. Of course, that decision completely wiped out the two days of gains in my underlying position. + +I have definitely lost more money on a trade before, but I've never lost big while my primary position was mooning. This is a special kind of pain I vow never to repeat. + +I will never sell covered calls again. They provide the illusion of safety, while simultaneously containing the same danger as any other kind of leverage. + +Losing money when a stock declines in price is pedestrian. Losing money when it moons is devastating. + +Update: You people are very convincing. I'm going to resell at a higher strike tomorrow, so a delayed roll up. + +Update: Rolled up. Sold SI 1/19/24 $200 Call. So 110% OTM for a 20% premium. +So, late last year I was wondering how, in spite of her making more money than I do, she is constantly broke. Asked her about it and she came clean that she is drowning in credit card debt. Like, to the tune of £10k, with interest of all her cards combined totaling over £200 a month. On top of that the cards are always swimming around their limit and she regularly doesn't have enough to pay them all, so she gets a late charge or over-limit charge here or there. Which is a crazy amount of money to just lose to interest and charges. + +To help her out, so that the interest is less killer and she can use that money to pay down some of her other cards, I paid off one of her larger balance cards using a money transfer from one of my cards of around £3400 which has an interest rate a tenth of what she's paying, and asked her to pay me back in instalments of £150 a month (which she's missed here and there to free up money to pay off the other cards she has). That card now already has £1400 on it in just 6 months, and she's no closer to even paying down any of her other cards. + +She's literally never lived on her own, and the house we live in is fully paid off so no mortgage or rent. She spends an obscene amount of money on alcohol which I'm trying to address at the moment, and doesn't have the mindset of "can I afford to buy this?", rather "I must have this". She's never had to budget before, which I've asked to get down on paper where her outgoings are going. She's on top of her bills, but other than that, day to day expenses just go on the credit card which I feel she doesn't even see as real money. + +What's the best way to dig out of this hole? Because I'm dead set against the idea of chucking her £3k again... + +Thanks +Because you guys/girls asked: +Hell yeah I'll be here in 11 hours, THIS is our subreddit! +I'm 100% standing with the mods on this sub and if they ever need something from me, I will gladly help them 👍 +These mods just like the stock and that's what matters to me! + +Much love to every single one of them! ❤ +See ya tomorrow ✌ +I've been waiting to invest in LA and now I'm not sure if I'm going to. I co own a house in LA with an ex (she lives in it, I do not). The house is listed for sale but not getting any buyers do to a tenant in a back unit who isn't paying rent. I was considering waiting until October to legally evict and then buy her out so I can keep the house and use as income. But now, like many people, my plans are screwed. + +Wondering how others are going to deal with this? +https://www.cnbc.com/2020/11/17/amazon-pharmacy-free-prescription-delivery-for-prime-members.html + +Amazon is making its biggest move yet into the pharmacy space. + +Amazon Pharmacy is designed to make it easy and convenient to order prescription medicines online. + +There’s also a savings program and free two-day shipping for Prime Members. + +Finally amazon started to disrupt other industry again. It is good to see amazon keep doing this and expand the revenue stream. Looking to see if amazon can move back to ath. + +Thanks for the award. +Rent is nearly 90% of my income. I don’t know why rent is so expensive in Chicago. I live in a STUDIO and you’d think the rent would be cheap but it’s absolutely not. I’m barely able to make my payments for student loans. In a mountain of credit card debt. Then there’s that surprise car repair that’s gonna cost almost a grand to fix. Even worse is that every job wants to pay less than 20 an hour. I am always just one paycheck away from losing it all. +Edit: THANK YOU to everyone what commented. You all have helped me tremendously in knowing I’m not alone, etc. I’ve read every comment, but can get overwhelmed replying to each one; please know I appreciate you all!! + +I used to work 40+ hours a week for a decent (4K/mo approx net) salary as a single person with higher education degrees. A decline in both states of health has made it difficult to return to a 9-5 and in turn have reduced my income. I’m heading into homelessness and have wiped out all of my savings, still waiting on a disability determination, and work part time due to said health issues. I’m finally feeling better after numerous visits and trial and error with medications, etc., but the financial damage is already done. I can’t wait until I can bounce back though. This experience has really humbled me. +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? +**Website:** https://astropup.finance/ + +**Telegram**: https://t.me/AstroPup_Official + +**Chart**: https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc + +* Insanely bullish tokenomics [7.5% of EVERY TRANSACTION goes back to holders] +* 10% tax on sales [7.5% to holders, 2.5% to liquidity pool] +* 50% of total supply BURNED +* 4.99% of supply allocated to MARKETING +* Amazingly active community +* Highly involved dev team with frequent AMAs on Telegram + +**ROADMAP** + +* MAJOR influencers on TikTok, YouTube, and Twitter lined up the next week to promote AstroPup +* Currently undergoing audit by SafeFairMoon and report will be published once complete +* CoinGecko listing +* CEX listings +* Ads lined up on major crypto websites + +🚀 Don't miss out on this opportunity, load up today at [Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc)🚀 + +**RUG PROOF** + +Proof of ownership renounced: https://bscscan.com/tx/0xfc5c2435064a6f3dfdcdc3a74368b26eade745b798761d0251efc5facc6d4893 + +Proof of LP Lock: https://bscscan.com/tx/0x2768377bb7d2945eb2d888d080b864d0c88e07eb961da5b65d5a8911d7c67299 + +**WHERE TO BUY** + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc +*Edit again - wow, I can't believe the response I got here. While I'm feeling more indecisive than ever, there's so much great food for thought here. Thank you everyone who replied! + +*EDIT - Oh damn, my first silver. Cool! 😆 + +Hi all, + +I've been going back and forth trying to decide what I should do with my house. I purchased it 3 years ago come August, and l lived there for about two and a half years before I moved out recently when purchasing my current house. I am not new to real estate investing - including this house in question, I have 5 rental properties. + + +SELL: + +If I sell the house, I expect I can get at least 230k for it. I purchased it in August 2018 for 173k. I currently owe 157k on it. After closing costs, and some light freshening up pre-listing, I expect to net at least 60k from the sale (I'm a real estate agent and thus will save money on the listing side since I won't have to pay a listing commission). Since I lived there for over two years, I should also be exempt from capital gains tax, which is a huge part of why I'm leaning towards selling right now. + + +RENT: + +If I continue to hold onto the house, I can rent it for about $1,395/mo. My mortgage is $942/mo. After expenses, it cash flows $200~/mo. While that's not terrible, it's quite a bit less than my other investment properties. Where this house has made up for not having the best cash flow is in appreciation. It's in a great location with good schools, near a respected university, overall a very desirable part of town. I expect it to continue to appreciate strongly, assuming we don't see a big market crash or anything. + + +If I sell the house, my plan would be to reinvest half of the cash into some renovations to two of my other rental properties which will result in increased rents/cash flow, and the other half I would use to convert the first floor of my garage at my primary residence into a studio apartment. I would then rent the apartment through Airbnb, or as a furnished monthly rental if Airbnb doesn't work out. I expect the conversion to cost about $30k, and I expect to make at minimum $800/mo from the apartment. + + +At this point, I've been leaning towards selling, because it would place me in a comfortable position to really inflate my cash flow and overall put me in a more secure/less risky position. That being said, the city I'm in is growing fairly rapidly, and again, the house is in a very desirable part of town that I expect to continue appreciating strongly. + +I guess I'm just looking to get some thoughts/advice from other investors. Does it make sense to get rid of one property to increase the cash flow on others, and gain an ADU in it's place? Or should I hold onto this house? Help me out, Reddit! +As an euro ape I am honestly just baffled at this forum. I've been invested in $GME since January, even though I haven't been part of the original sub, prior to the exodus. + +But waking up this weekend to read all these posts just left me flabbergasted. How, in all seriousness, can ANYONE even consider attend an event called ApeFest. What the actual fuck?! What are you trying, to turn this into a fucking marketable movement, give your money to hungering ghouls and display t-shirts and caps and pins and whatever the fuck else ape-related while you're attending this horrendous bullshit of an event? + +Guys, wake the fuck up, people are trying to profit off of your dedication to this stock. There are others out there who will try and benefit off your good will. Use your critical thinking, come on! + +Trust only in those that have EARNED your trust. + +As for this highschool mod drama... These people, the mods, they're not there to rule anything, even if that's what they think going to sleep at night. I mean, look, there's a person here claiming she's to be listened to and her orders heeded because she's read Alastair Crowley, knows a thing or two about pagan cultures and believes she's above the mass of ignorants around her by being able to sense people's energies over the internet. This is a walking, talking fucking meme of a person. + +I don't have anything against people choosing to believe one thing or another about the nature of reality. But when those beliefs automatically put you on a pedestal, you turn into a despicable, abhorrent creature who will always seek to dominate others and spread their own set of beliefs. + +Honestly fuck all of this, other subs might have a kernel of truth when they're making fun of certain personalities around here. + +For me, it's never been about the people in the mod team, I couldn't care less about any of them personally. What I care for the most, is the work put into investigating the issues at stake and exposing the inner workings of the US financial system. Fuck your magick, runic power and low self-esteem. + +It truly is the time for this sub to grow up. I don't want to migrate anywhere. I demand accountability, transparency and real action to overcome this moment. + +Fuck you and see you tomorrow. +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 partner and I already have a PPOR and weren’t actively looking. We went to an open inspection a couple of weeks ago, coffees in hand for something to do on a weekend. Was a few interested parties present at the inspection but not super busy as has been in the past. + +House was nice, got talking to the agent and he verbally gave us a price guide for the place which we didn’t think was unreasonable but not an amount we would pay - especially since houses have been selling for upper end or more of these agent price guides. + +We went home that night, enjoyed a few alcoholic beverages between the two of us, were in a good mood. Decided to randomly put in a low ball offer 5% lower than the bottom of the price guide. + +Agent called us to play the game a couple of times ‘we have other offers, do you want to increase your offer?’ Etc. we didn’t budge an inch including our terms on a long settlement (since we didn’t really plan this, we needed time to organise). + +Ended up signing and buying a house unexpectedly. We need to rush to sell our current house but I thought I’d share our story. + +Edit: details of the purchase for those asking + +- 550sqm +- 3.5 bed, 2 bath, double garage, structurally sound, move in ready +- Kitchen, bathroom, outdoor entertaining area all renovated in last 3-5 years +- 20-25 min drive to CBD (Adelaide) +- 5 min walk to beach +- 5 min walk to train +- Popular school zoning + +5% under guide might not be a low ball but based on our observations over the last couple of years houses like this sell for 10% or more over price guide, not 5% under. + +And yes we will be selling our current PPOR. + +Edit 2:yes we are fortunate enough to be looking at houses like this, ironically this is mainly because we have benefited from increased value of our current PPOR. The reason is upgrading to support a small family in the future. +I came across this article: [https://www.financialsamurai.com/ideal-age-to-retire/](https://www.financialsamurai.com/ideal-age-to-retire/) + +Curious about those who retire around 45s (or your peak/plateau earning years); what were your feelings or reflection during the first year (or two) of "not working/earning"? Have you changed your mind and coming back to work in a few years and re-retire? + +For those who hit the number and pass 45, if you choose to stay in a corp job, what're your reasons beyond having more money? + +My hypothesis: 45-ish is usually the prime time of earnings, i.e., executives, staff+ engineers at tech, etc. -- your income gradually hits a plateau after your 40s. Also, people probably still have school-age kids at this age, and thus extensive travel is difficult, for example. +I'm looking for any tutorial/video that has a step by step tutorial of a DCF(and multiples) valuation of a company. + +Most videos/sources from books either have hypothetical companies or just go on to explain the finance concepts without the technical excel part. I'm looking for particularly an excel tutorial to learn how to better organize and make the model look. + +There's a lot of shoddily made video on YouTube but I can't tell what's good from what's not. + +Any specific good sources you guys recommend? +Realty Income I believe is one the best, safest deals right now for you to buy. + +Currently as of Friday's close it is sitting at 55.54 with a 5.36% dividend yield. + +1. Company did not see any downturn much during covid. Solid growth each year. +2. Company restructured itself and got rid of office tenants post-covid. Bolstering position and value. +3. Sitting at 99% occupancy rating for all its properties. +4. Raised its dividend 6.2% recently in the past 6 months which is a huge help during this inflationary stage. +5. 0.6 debt to equity ratio, which has been getting lower, despite covid (Anything below a 1 is usually safe. Below .80 is pretty solid. +6. 2.49 a year dividend payout per share (approx) in October 2020. Now in October 2022, it is 2.93 (approx), a 15% increase in 2 years about. + +Seriously, this company is a steal right now. I don't know if it will continue to drop or not, but if you plan on holding onto it for a considerable time, you are going to reap the benefits, especially if you DRIP. + +Sources: [https://www.macrotrends.net/stocks/charts/O/realty-income/dividend-yield-history](https://www.macrotrends.net/stocks/charts/O/realty-income/dividend-yield-history) +This is going to be a long post, so please bear with me. + +After the last survey, I made in April earlier this year, I wanted to make another one that reflects a greater percentage of the community. Unfortunately, the community has grown tremendously since the last survey and it made it significantly harder to do. This time just under 1% of the sub took it (versus almost 2% last time), but those are almost 800 people which is also quite a lot. + +The last survey was just before we took off from 90$. Had I reviewed the results during the following bull run, I would have known things that now seem obvious, like the price action; A bit more than 40% of the people said the price in a few years would be somewhere between 200$ and 500$. So, one could infer that if we surged to that territory, a massive profit taking would occur. + +I chose the time of this survey, based on two factors; one, I was traveling up until two weeks ago, secondly, I felt like the price was relatively stable and the atmosphere in the sub was almost neutral – perfect time to ask for price predictions and other questions that may have been affected by a biased mood. + +This survey included 3 parts; one was demographics, second was to see the respondent’s knowledge on the tech (according to them). The last part was price action, staking and general questions about Ethereum. + +I posted it on the daily thread in different times and days to get as many people from different time zones and ages as I can. + +To process some of the data, I used local averages to help me calculate some figures like price, average time in crypto, DCA and more. I.E, I assigned the value 1250$ to the group that said they estimate eth to be between 1000$ and 1500$, which is probably close to the real average price that group would have picked, had I given them a more precise range to choose from. + +Also, I omitted some of the groups when making my graphs. That is because some of the groups contained only 1-4 people, and I felt like some of them are trolls upon checking their individual surveys. When I omitted a group, I stated it near the graph. + +I will start with the raw data and will proceed to elaborate on some interesting finds. + +So, let’s dive into the data. + +--------- + +###Data + +####Demographics + +The average ethtrader is a 29-year-old man from north America (surprise surprise). + +• 49% are from north America + +• 38.4% are European + +• 5.5% are from Oceania + +• 4.7% are Asian + +• 1.5% are south American + +• 0.8% are African + +Let’s talk about age and gender: + +• 58.5% (!) are 20-30 years old + +• 26.8% are 30-40 years old + +• 6.6% are less than 20 years old + +• 6.6% are 40-50 years old + +• 1% are 50-60 years old + +• And 3 people who represent 0.4% have wisdom of more than 60 years + +96% etherians are men, a mere 4% are women. + +------ + +####Knowledge + +In the question “How well do you think you understand the blockchain technology?”, I got a beautiful graph; growing exponentially from 1 peaking at 7 then descending exponentially to 10. Almost 30% of the people picked 7. + +The results I got when I asked about understanding Metropolis was one big pile of shit. Graph is distributed evenly from 1-6 then descending continuously till 10. **80% of the people rated themselves 6 or lower, only 3% rated themselves 9 or 10**. If I can learn anything from this graph is that the community doesn’t know enough about Metropolis. + + When I asked, “How well do you think you understand PoS?”, I got a constant rise from 1 (6.9%) to 7, then, again, a decline till 10. + +Here are the average and median scores for understanding Blockchain, Metropolis and PoS: + +• Blockchain – average score is 6.5, median score is 7 + +• Metropolis – average 4.3, median 4 + +• PoS – average 5.7, median 6 + +------ + +####Staking + +Ok, let’s talk about staking. This score has decreased dramatically since the last survey. It was just over an average of 60% and now it under 50% (48.05% to be exact). The median score though is 55%. + +After this question, I asked what would happen if the price was higher or lower than their price prediction. On average, if the price was lower **OR** higher than they expected, people said they would raise their stake. That leads me to believe that the eventual stake rate will be slightly higher than the results of this survey. + +According to you guys, 62.5% will re-invest their gains from staking, 22% will stake them and only 15.6% will spend them. + +------- + +####Trust in Ethereum + +Ethtrader is very supportive of the Ethereum foundation, with an average trust score of 8.25 and a median score of 8. Let that sink in for a second or two. I think it’s amazing. + +------ + +####Time in Crypto + +The average etherian bought in crypto more than 14 months ago, but more than 60% of the respondents bought in crypto less than 6 months ago. That means we have a lot of new faces here, mixed with some experienced people. Makes sense. + +----- +####Projects + +Let’s see what etherians are most excited about: + +• Casper 39.7% + +• Then Metropolis with 17.5% + +• Plasma got 14.8% of the votes + +• EEA is fourth with 13% + +• Sharding fifth, 11.9% + +• Devcon is last with just over 3% of the votes + + +Then, I asked you which of the following is going to affect the price the most, here are the result: + +• Casper won with 40% of the votes + +• EEA came in second with 19% + +• Then, with a close call, Metropolis with 18% + +• Sharding got 9.1% of the votes + +• Plasma, 8.9% + +• Lastly, devcon with 5% + +I expected to get similar results for the two questions, and they pretty much are. But interestingly, more than 42% of the people submitted 2 different answers for the questions. Meaning they are excited about one thing but think another thing is going to affect the price the most. + +------ + +**A quick break to thank you If you read this far** + +------ + +####DCA & Prices + +I will start with DCA. + +So, the average DCA of the respondents was 157$ (us), and the median price was 150$. + +Most of ethertraders are happy with their DCA; out of 10, the average DCA happiness is 6.55 with median score of 7. Notebly the highest percentage of people (16.9%) scored 10 in this question, after that 7 with 16.7% of the votes. + +Now let’s see what were the price predictions: + +• 27.1% of the people said eth will be worth 1000$-1500% + +• 18% said 1500$-2000$ + +• 17.9% estimated 2000$-3500$ + +• 17.6% said ether will be worth **at least** 3500$ + +• 12.4% voted for 750$-1000$ + +• 4.7% said 500$-750$ + +• 1.7% estimated eth to be 400$-500$ + +I calculated median and average prices, and came with these figures: + +• Average price prediction: 2150$ + +• Median price prediction: 1750$ + +Base on that data it’s almost safe to say that we are going to experience a big pullback if we hit 1000$-1500$ prices, same for 750$. + +------ +###Graphs + +If you are interested in some graphs: + +[Click here]( https://docs.google.com/spreadsheets/d/1EdogyhWNptDIjeIcLwKGdpB0ulZ_YI2UrHN7ejreZio/edit?usp=sharing). + +If you are too lazy, you can just read my points below: + +• There is a positive connection between understanding the blockchain technology and having more faith and trust in Ethereum’s development team (amazing find in my opinion). + +• There is clear evidence that people who trust the Ethereum developers more, would stake more than those who trust the development team less. + +• People who bought recently said, on average, that the price per eth would be lower than those who bought 6 months ago or more. Moreover, people who said they bought their first crypto more than two years ago, said the price per eth would be almost 2500$ - the highest prediction I got. I can conclude that most of the moon kids bought a long time ago rather than recently. + +• People whose trust in Ethereum’s devs is 8 to 10, staked 15% more on average than people who said their trust and faith score is lower than 6. + +• People who bought in crypto less than 3 months ago, on average, rated their understanding in the blockchain tech and PoS 11% lower than people who bought in 6 months ago or more. Between 6 months there is a low increase in understanding. That shows that most of the information you gather on the tech happens within the first three months of joining the community. + +------- +###Closing words + +That’s all for today folks, hope you like it and understand my horrible English. I’ve attaches some links below, including the raw data for you to look at and play with. + +[Previous survey](https://www.np.reddit.com/r/ethtrader/comments/67hnpw/pos_big_survey_results/?utm_content=title&utm_medium=user&utm_source=reddit&utm_name=frontpage) + +[Raw DATA]( https://docs.google.com/spreadsheets/d/1cRei6w06An578jhnY44RXhAAXs8rLPPeFNRwZSk4UAI/edit?usp=sharing) + +[The graphs I made, I really encourage you to look at them](https://docs.google.com/spreadsheets/d/1EdogyhWNptDIjeIcLwKGdpB0ulZ_YI2UrHN7ejreZio/edit?usp=sharing) + +Edit: + +If you want to donate, thank you, but do not feel obligated!! + + 0xA7B25D12D1EE2D280c4780d6f5af9713Ed06d5Bf + +I always hear about how how “simple” models tend to out perform the more complex methods. Things like linear regression, arima models, or basic time series methods being able to out perform things like deep learning, and much more flexible statistical learning methods. With financial data however, I feel like this is not always the case and more “sophisticated” models are needed. + +What kinda of models have you guys used and how “simple” do your models get? +&#x200B; + +https://preview.redd.it/uve8vgz9dm271.png?width=1600&format=png&auto=webp&s=8e65c01169ff4800c472dede5fa9dd5ad7463e66 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/bkoyqa0cdm271.png?width=680&format=png&auto=webp&s=19967667ff879bd5cd124a2c8c1b3f66b268d628 + +Let's start with the basics once more! + +[VOTE!](https://reddit.com/link/npq4vp/video/z20umojfdm271/player) + +Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in. + +Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented. + +Like the NFT is set to launch around the 14th, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions. + +[https://www.reddit.com/r/Superstonk/comments/nlpz4h/your\_votes\_are\_important\_the\_time\_to\_vote\_is\_now/](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +https://preview.redd.it/rqkm5rjcjm271.png?width=960&format=png&auto=webp&s=fc4c10bcbe371f46a99714afa46f886ff752d608 + +# Congrats on the upgrades! + +First of all I'd like to start with giving a shout out to two fellow mods, u/bye_triangle and u/pinkcatsonacid, as has become normal for us, in the beginning moderators get limited powers (just so we know they're doing a good job etc etc), well both u/bye_triangle and u/pinkcatsonacid have gone above and beyond on many occasion and are as of right now full moderators. + +u/redchessqueen99 had already made a post announcing this but I just wanted to give these awesome apes a shout out myself and congratulate them <3 + +&#x200B; + +https://preview.redd.it/9zv9rx9tdm271.png?width=960&format=png&auto=webp&s=922e358a5b782bb4dbe2216db9c07151a7e7e16b + +Having a friend at a HF is so hot right now.... + +&#x200B; + +# Gamestop stopped geoblocking their website + +As some people over the past week have noticed GameStop has opened up their websites accessibility to worldwide instead of usa only, this is very bullish imo. This because if you look at websites like Amazon they have the same website available everywhere, and the products available change, meaning there is a fairly decent chance we can see a worldwide shift in how they do business. + +Gamestop used to be very different from how their German/Australian/Usa/Canadian stores did business, among which there were different names (GameStop, Ebgames, Gamestopzing, etc) so there is a shot they will be looking into unifying these (given the international recognition the brand now has it would be smart), then adding fulfillment centers outperforming Amazon in delivery time, this is a lot but it all starts with a simple website being accessible to everyone. + +&#x200B; + +https://preview.redd.it/2kbjymkxgm271.png?width=640&format=png&auto=webp&s=7ec71585f8f0cad12e30fbe7eda6ce49b6647c6e + +# DTC-2021-005 + +I just want to remind everyone that this document has been missing for a few months now, it was "offline te be reformatted" due to a "formatting issue", but Gary Gensler has only been working for 7 weeks... + +Not a lot of comments here, just making sure (just like other apes on the sub) that this important document doesn't fade into obscurity). + +&#x200B; + +https://preview.redd.it/lqbadq4zgm271.png?width=500&format=png&auto=webp&s=0b4f0af13e230682fe363ccdee4f60c79562b00d + +# Fud + +A clever ape did a writeup of all the FUD we have already seen and overcome, it's nice to look back because the only way to make sure we don't repeat history is to study it. + +[https://www.reddit.com/r/Superstonk/comments/np3v7r/fud\_campaigns\_weve\_endured\_so\_far/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/np3v7r/fud_campaigns_weve_endured_so_far/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[All apes this long weekend](https://preview.redd.it/a34cd4f1hm271.png?width=717&format=png&auto=webp&s=0e70374e1f291d16d2987eee1116294c5d121172) + +# Etoro + +Now this is the juicy bit, we've seen a lot of speculation on this one, we have seen people extrapolate information from the statement that Etoro has 1.5% of GME holders, then we've seen people think that this means that we have a couple of options + +1. gme has 89 million sharews +2. gme has over 1000 million shares +3. etoro is stating amount of users that they have they have 1.5% (meaning 98.5% of their users dont have gme) +4. something else entirely + +Now we can't answer for sure what this means, I'll be looking into it today and reading peoples DD on this and see if I can form a wrinkle, after that I'll be contacting the CEO from Etoro (full transparency like always: due to some weird happenstance a twitter user put us in contact and we had a brief interaction, hopefully due to having this line of communication open I can ask him a question about this, but again there is no security that he will even answer, nor does he have to as I'm still just a regular ape and not some bigshot), and for the people saying "why the hell would he talk to you?"... dude I've been wondering the same thing 🤷‍♂️ + +Again take these numbers with a grain of salt and a bucket of "inconclusive" + +&#x200B; + +[For \(R\)\/Cohan!](https://preview.redd.it/a8oxbtffhm271.png?width=960&format=png&auto=webp&s=1a948bbe47f2fb794509f9599b92a78139c9de3d) + +# Citadel is filing form D's + +A smarter ape has written a piece about the recent filings of Citadel, namely their form D amendments, and what they mean and what it could imply, give it a read [here](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I wont give a synopsis of this because it's fairly short and well and easily understandable. + +&#x200B; + +https://preview.redd.it/prkjdp8ohm271.png?width=960&format=png&auto=webp&s=6e3b93569773d16ca66b9885f37ed2d629b9822e + +# Parting thoughts + +Now before I go slip back into my cave for the day I do have some thoughts that wont fit in the news stories naturally so I'd rather do it here separate from the rest. + +First of all guys chill the fuck out, there are trolls, shills etc, these people are doing what they're doing for one thing only, to get you to respond on an emotional level, don't get lured out and just relax, remember who benefits from shaking["The jar of ants"](https://www.reddit.com/r/Superstonk/comments/nn5xnf/the_jar_of_ants/)? + +There is no sense of urgency to speculate on Etoro or other traders total amount of shares, this has become a game of patience, if Etoro/degiro/yomama has 10% of the float or a 100%, I believe at this point we've found out that we at least own the float (AT MINIMUM) atleast once, meaning... it doesn't matter how many shares there are (even though it would be cool to know) again, the mantra of "Buy-Hold-vote-zen" applies, be zen, be chill just wait. + +The shareholders meeting, I've seen a lot of people talking in a way that everything will pop off at the meeting itself, don't hype yourself up to much my friend, even though I would love to have this pop off then I believe that the day of the annual sharehodlers meeting may be a sideways day. Again No dates, so only Jaques your tits to about 60%, no full Jaquesing (even if I personally hope it will pop off at the same day, lets remain realistic ;) ) + +And as always, Expect fuckery + +&#x200B; + +https://preview.redd.it/7vwl7b8yjm271.png?width=554&format=png&auto=webp&s=f992f4f07dd3eec3b404596ba1f736fca2eeba48 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/ke1l5aq5km271.png?width=400&format=png&auto=webp&s=b4a0fbd4174f8aeac5e56f5451d9ff692aae6023 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +Edit: + +DFV HAS SPOKEN!, HE IS INDEED A CAT! + +[https://twitter.com/TheRoaringKitty/status/1399727581369409539](https://twitter.com/TheRoaringKitty/status/1399727581369409539) +Does anyone allocate a % of their income or pool of money going into investments into very high risk high return opportunities? + +To provide some context, after one maxes out 401k, backdoor ROTH IRA, investing money into mutual funds/ETFs/individual stocks, max HSA, money into 529, etc., shouldn't one swing for the fences with a percentage of their money? I've worked in biotech for over a decade now, so I would want it ideally in this space. So it could be investing in private companies in the space or a large tranche into a call/put option around catalysts. + +I've started angel investing, albeit pretty new to it and started with some tech and tech that is loosely health related. + +I am thinking about allocating ~10% annually on potential 20 to 100 baggers. Does anyone else have a plan like this? I have no family so want to take more risks at this stage in life + +edit: for the record, I already have core positions in index funds, some actively managed funds, real estate, BTC, and company stock options/RSUs/ESPP. So for those of you Negative Nancy's saying you can't beat the index, I say "not with that attitude"! :) This is the fatFIRE subreddit guys, and I believe you need to take some asymmetric bets to get the FAT in the FatFire +There's a highly upvoted post right now saying that "Hester got what she wanted", [linking to this order](https://www.sec.gov/rules/other/2022/34-95235.pdf). She did not. Why? Because the [actual order that matters](https://www.sec.gov/rules/exorders/2022/34-95234.pdf) was issued on the [same day she said this](https://www.sec.gov/news/statement/peirce-statement-consolidated-audit-trail-070822): + +>With respect to security, I plead with my fellow regulators to rethink the wisdom of creating a massive database of information that hackers may try to exploit for their nefarious ends. Given these concerns, my preference would be to see the project placed in the SEC’s catacombs—dead and buried forever. +> +>Nevertheless, the CAT lives on, so I support granting additional time to resolve a number of implementation issues, which is what today’s order does. + +Quite frankly, this is a major win for market transparency. Hester didn't get what she wanted - she made it clear that she didn't want this system to exist at all, much less for the system to actually work well. *That* is what this order does: it requires this market transparency system to actually work. + +Go through the actual order that matters for yourself and see what it is: 40 pages of the SEC tightening up the transparency requirements on Participants. It totally replaces two previous orders that would've totally undermined the power of the CAT, the thing that would actually provide some transparency. + +But why is it even necessary to tighten up? What happened? Politics happened, that's what. + +This whole project began on November 15, 2016, with the SEC ordering the creation of a new system that would require sweeping changes in the financial world in favor of transparency. That's exactly 1 week after an election that made something clear: the composition of the SEC would soon be changing dramatically, and any regulation of Wall Street needed to get started before that happened. The order came out (the “[CAT NMS Plan](https://www.sec.gov/rules/sro/nms/2016/34-79318.pdf)”), providing enough time for it to be implemented. + +Shortly thereafter, Wall Street regulators were all gutted in Washington and/or replaced with people like the new SEC Chairman [Jay Clayton](https://en.wikipedia.org/wiki/Jay_Clayton_(attorney)) specifically to "undo many regulations which have stifled investment in American businesses". + +The Orders being replaced were both issued on December 16, 2020. Exactly 1 week later was Chairman Clayton's last day after resigning early. He would've been out of office by the following July anyway (if not January), so it seems like he was in a hurry to get out the door. Maybe he saw the sneeze coming (the price of GME started climbing around the time he announced his resignation)... + +Anyway, as he was running for the door he used his power to cause the SEC to issue 2 orders that would've allowed this new "transparency system" to be nothing more than an expensive boondoggle that accomplished nothing useful. Heck, they even gave Participants things they *hadn't even asked for:* + +>Although the Participants did not request the relief granted in the Second Order, the Commission believed that granting such relief was necessary in order to “provide Participants the time to develop the necessary technological, system or procedural changes to meet the CAT NMS Plan requirements” at stake. + +(quote is from this most recent order, referring to the orders it was replacing) + +This third Order totally replaces the first two - they no longer have any power. Instead, it raises the bar again, stripping out the damage caused by people like former Chairman Clayton. Yes, it gives the Participants more time to comply, but honestly... not much. They got a tiny extension to implement the system that they were supposed to be working on years ago. + +I'll wait a little more time if that's the "compromise" required to undo the damage of regulatory capture. This is a win, even though it tests our patience. [Politics and the stock market are deeply related](https://www.reddit.com/r/Superstonk/comments/vwpfd4/taxes_politics_and_zombies/), and at this point we can't let ourselves be blind to that. + +**TL;DR edit** + +The Order that people are so worked up about today is a good thing. Hester Peirce was whining about it because it is a step toward real accountability. It undoes some of the damage caused by former SEC Chairman Jay Clayton whose "achievements" are basically a laundry list of things that apes despise. + +This is a good thing. This is better than the alternative. +THE PURGE IS OVER. VICTORY WAS NEARLY STOLEN IN THE FINAL MOMENTS, BUT IT HAS NOT HAPPENED. + +ALL HAIL [/U/MOTHERFUCK3RJONES](https://www.reddit.com/u/motherfuck3rjones/) WHO MADE THE DECISION TO GOT FOR IOU. A SHARE WHICH HAD AN INEXPLICABLE JUMP THIS WEEK, ENDING A MASSIVE 97.8% UP. THEY SHALL BE APPLAUDED AND SHALL OF COURSE RECEIVED THEIR SHINY SHINY WINNERS PRIZE. AND BY SHINY, WE MEAN REALLY DULL AND MADE OUT OF THE CRAPPIEST WOOD OR WOOD SUBSTITUTE WE COULD FIND. + +HOWEVER, THEY WERE CLOSELY FOLLOWED BY OUR ALMOST FAMOUS [/U/ESQUATCHO\_MUNDO](https://www.reddit.com/u/Esquatcho_Mundo/) WHO CHOSE EFEOA, WHICH HAD A VERY RESPECTABLE 80% RISE OVER THE COURSE OF THE WEEK. FOLLOWED BY [/U/DEEPESTDESCENT](https://www.reddit.com/u/deepestdescent/) WHO'S CHOICE OF DEL WAS 53.4%. FOLLOWED IN THE READ BY ANL BY [/U/OUTRAGEOUS\_JUNKET817](https://www.reddit.com/u/Outrageous_Junket817/) WHO SOMEHOW MANAGED TO KEEP A HOLD OF THEIR 50% RISE. + +THE MODS WILL NOW GO THROUGH A SPECIAL CASE. [/U/ASHLEY\_SOPHIA](https://www.reddit.com/u/ASHLEY_SOPHIA/) CHOSE CDD. WHICH WAS RECENTLY SOLD, IT STARTED THE WEEK AT $1.965,THEN DECAPITALISED, ISSUED A $1.7 PER SHARE CAPITAL RETURN AND THEN PUT BACK ON THE MARKET AT 22C. IT WAS THUS DECIDED TO SHOW HER TWICE IN THE LEADER BOARDS, ONCE, WITH THE CAPITAL RETURN IGNORED, SHOWING A -85.5%. THE OTHER IS THE ACTUAL VALUE, WHICH SHOWS A 1% RISE. ASSUMING THAT [/U/ASHLEY\_SOPHIA](https://www.reddit.com/u/ASHLEY_SOPHIA/) IS IN FACT AN OWNER OF CDD, THEIR FINAL VALUE WOULD BE $1.985, A VERY SMALL RISE. BUT FOR THEIR STUPIDITY AND FAILURE TO THINK ABOUT THE EFFECT ON OUR MODS PRECIOUS SPREADSHEETS. [/U/ASHLEY\_SOPHIA](https://www.reddit.com/u/ASHLEY_SOPHIA/) IS BANNED FOR A MONTH. + +NOW FOR THE FINAL ONE. THE VICTIM. [/U/LOGOFPOO](https://www.reddit.com/u/LOGOFPOO/) SADLY CHOSE TEM. A MINERAL EXPLORER WHICH SUFFERED ONLY AN 8.3% DROP UNTIL TODAY....THEN CAME TODAY. WITH A DRILL EXPLORATION RESULT THAT MY RESIDENT DRILLING EXPERT MOD HAS EXPLAINED WAS "LIKE THOSE GUYS THAT DRILLED FOR OIL AND FOUND WATER. BUT WITH MORE COLOURED NUMBERS THIS TIME." WHAT HAPPENED AFTER THIS RESULT WAS RELEASED? AGAIN, TO QUOTE A MOD "NEARLY -50% IN A WEEK. IT'S BEAUTIFUL..." TEM ENDED THE WEEK WITH A FINAL RESULT OF -47.9%. YOU WILL HAVE TIME TO SAY GOODBYE TO [/U/LOGOFPOO](https://www.reddit.com/u/LOGOFPOO/) BEFORE THEY ARE BE FLUSHED...I MEAN PURGED FOR ONE YEAR. + +https://preview.redd.it/6v6xxdgj6ba91.png?width=703&format=png&auto=webp&s=d4cd0af8ed8bbabe2183b3ef847e35d602ed17a8 + + AND THUS ENDS THE 2022 PURGE. IT HAD HIGHS, IT HAD LOWS. WILL THIS MEAN THE INFLATION DRAGON HAS BEEN SATED? ONLY TIME WILL TELL. + +I ONLY KNOW ONE THING. I'M HAPPY I CAN FINally stop shouting all the time. It was hurting my throat. + +To another year. +Maybe some wrinkle brains can help me out with the details, but we’ve seen one dirty trick after another, all used to fudge data and hide their ridiculous short positions. We know they have been abusing their market maker privileges to help out other SHF’s, a slap on the wrist is not enough. The American people should demand more from their politicians and financial institutions. We’ve been living in a rigged system long enough. +To the people who comment on DD posts brutally destroying the hopes of the OP and the ticker with sound facts and reasoning as to why the company is a shit play. I feel like 85% of the time I will read a DD and end it feeling like "damn, I need to get in on this." + +Then I head down to the comments and get brought down to earth by the real MVPs. + +You guys are awesome. Keep doing what you are doing. You help me and so many others out a TON +I’m currently pursuing a Master’s in a statistics field, and am considering the PhD route in economics. What are the career options? Are you glad you got a PhD? +I've come across quite a few articles on how manufacturing-based development isn't the golden goose it used to be for developing nations. With newer technology coming in, workers are now expected to lose jobs rather than gain them in the manufacturing sector and related industries. Plus manufacturing has become highly skill intensive, so the old idea of bringing in unskilled or semi-skilled workers to factories just doesn't work anymore. + +Given all of that, is it possible for a country to develop on the basis of the service sector, without ever having a strong manufacturing or industrial base? Can services provide the same amount of opportunity which manufacturing did earlier? + +I am talking in context of a Third World nation with a high rate of poverty and large unskilled population. How can this country develop using services? Or can it develop at all? + +Thanks. +Context: +My cousin (mid late male) wanted to startup a small gig. That's cool, but his credit score was basically non-existent. The only way he would get a truck loan was to have someone cosign. + +That's where my dad comes in. My senior dad is not nearly as sharp as he used to be, but his credit score was sharp enough for your average opportunistic banker. + +My cousin, my uncle (cousin's father), and my father wanted my cousin to succeed with his idea, but needed a truck. The only problem was that if they were to tell my mom, me or even my little brother about this deal; I promise you, it wouldn't be on the table anymore. Taking advantage of this fact, they got my dad to hide the fact that he cosigned a $81,000 loan from his immediate family for 10 months! Keep in mind, my dad probably has early onset of dementia or something of the like. + +Now me, my brother, and my mother are stuck with an 81k loan that has no promise of being paid off. There's a reason a 40ish yr old man has a bad credit score. To be fair, they have 67k left on it, but the fact remains in the midst of economic uncertainty due to covid, we have an ENORMOUS sum of money that could all of a sudden come crashing down upon us just because trash blood hooked a demented old man into their scheme. + +Some fixes in mind that we procured are: + +Refinance the loan without my dad's signature + +Repo the truck and pay the difference + +Wait until the cookie crumbles and don't pay the bank + +The business idea somehow works out (doubt) + +I have no faith in these peoples ability to pay off this loan. + + + +Here's my question: +What is the best route possible to try and averse the risk? + +Edit: thanks for the support. I see that refinancing the loan is the best and easiest solution. I also see that I should support my cousin, so we can get my dad's name off this loan as soon as possible. + +Pulling the car from underneath them to sell and make the difference up is not that great a solution. + +Also, looking into declaring him incompetent is only something to look at if **** hits the fan, but this isn't something I will actively push. +[This shit right here](https://www.reddit.com/r/Superstonk/comments/mtnzih/since_citadel_has_been_working_over_the_weekend_i/?utm_medium=android_app&utm_source=share), this we dont need. + +The subs and GME holders dont need this type of attention. Its bad enough we already have and will have the media painting us as the bad guys in all of this, we dont need to prove them right. Honestly the weekend is so slow for some of you that you feel inclined to do shit like this? It paints us ALL in a bad light. This behaviour is NOT the way. + +What part of DONT. FUCKING. DANCE are some of you forgetting?? We havent won yet. We havent even started the full on squeeze yet. Some of you need to remember that this isnt over, and despite how harmless it all seems, they will certainly find a way to push it under harassment, once again, not the attention apes want or need, especially now. + +We have people droning around their offices, sending "gift baskets" with the intent to mock (even playfully) and video/photographing every angle of their buildings. TWO WRONGS DONT MAKE A RIGHT, WE ARE BETTER THAN THIS. They may have mocked us during the crash, but we shouldn't do the same. We need to prove we are better. We need to BE better. + +Sit in your corner, read your DD, keep your eyes on the prize and for GMEs sake, STOP FUCKING DANCING + + +EDIT: This is gaining hella traction, please let me elaborate further. + +Im NOT saying that these posts should be banned, nor should the hype be killed (which sounds shilly to me, look around, theres more hype than ever and its not going away). +What im saying is, GME is against people who dont want to be crossed. People who haven't been crossed, and have never lost everything or anything. They have money, lots of it. Lawyers, lots of them. Good ones. Qualified ones. They CONTROL media. + +Like it or not, to them, we arent the individuals making our own decisions like we know we are. To them we are a collective and we are WE. Please understand that the things you do as an individual do effect ALL APES because thats how it will be portrayed. They didnt say GME was up $30, they said it was down over 50% of peak. +THEY WILL NOT SAY INDIVIDUALS HARASS HEDGEFUNDS. THEY WILL SAY WE HARASSED them. + +there is no we, but thats not their agenda. + + +Stay healthy, stay HYPED AND JACKED, and stay rational. TO THE MOOONN 🚀🚀🚀🚀🚀🚀🦍💎🤲🤲🤲🍌🍌 +My union at work is threatening strike action , they’re proposing a 2 day strike to begin with. + +If it goes ahead what is the real cost to me taking two days off apart from the circa £200 in wages? Will I really feel it 30+ years down the line when I take my pension? +Is anyone close to breaking point financially due to the rate rises and inflation? I’m definitely feeling the pinch to the point where I have to give up most of my non-essential spending, but not at breaking point yet. How about everyone else? Curious to see if anyone is at close to breaking point and what they had to do to survive. + Butthole Rocket is a next-gen meme token with a community of all-stars backing this next 1000x. + +🚀🌑🚀🌑🚀🌑 + +You don’t want to miss out. Think about how ass you’re gonna feel when your friends become a Butthole Rocket millionaire. Feeslbadman. + +These guys are planning on live-streaming literal moonshots, sending Butthole Rocket memes to space in partnership with [sendtospace.com](https://sendtospace.com/). The first launch is planned in the second half of Q3, during optimal flight conditions. Don’t worry, you have plenty of time to get that ass bleached, you’re going to need it. + +And who doesn’t like a good ole donation to charity? Especially a butthole related one. Yes that’s right, $BHR is aiming to help with all things asshole like colon cancer research. + +With Butthole Rocket you don’t have to worry about pushing too hard and popping a vessel because this shit is gassed up and ready to fly. + +**Project Details:** +**🏴‍☠️ LAUNCHING super fucking soon - 7pm EST** +[https://countingdownto.com/?c=3653829](https://countingdownto.com/?c=3653829) + +**Influencers & Tele groups will be shilling this** +\+ Trending Crypto Moon Shots Posts +\+ more in order to build & keep momentum. + +**Community driven** +• We send shit into space (Yes we will be literally sending objects into space) +• Support a good cause, (charity) + +*Butthole Rocket is not just rapidly growing; it's also a coin with a purpose.* +💸 Launching on Pancakeswap 💸📃 Contract Address: **Dropped in telegram on launch** +📈 Chart: **Dropped in telegram on launch** + +**Tokenomics** +👩‍🚀Holders 4% +💎LP Pool 2% +📑Marketing Wallet 4% + +**Website:** [https://Buttholerocket.com](https://buttholerocket.com/) +**Telegram:** [https://t.me/buttholerocket](https://t.me/buttholerocket) + +✨Butthole Rocket: It’s time to bl-ASS-t the fuck off!✨ +Ok, to prevent 50 posts about this (there were already five here within 15 min), let's use this thread to discuss the TSLA stock split. Answer common questions as there will be a lot, upvote quality answers and downvote and report misinformation. There are gonna be a lot of people wondering how this affects them so let's try to be friendly and remember that in the end we all seek the same thing: thy holy tendies! + +> Shares of Tesla Inc. TSLA surged more than 7% in the extended session Tuesday after the Silicon Valley car maker said its board has approved a five-for-one split of the company's common stock "in the form of a stock dividend to make stock ownership more accessible to employees and investors." Each shareholder of record on Aug. 21 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after the close on Aug. 28, the company said. Trading will begin on a stock split-adjusted basis on Aug. 31, Tesla said. The stock has gained 229% this year, compared with gains around 3% for the S&P 500 index. + +www.marketwatch.com/story/tesla-stock-soars-7-on-5-to-1-stock-split-news-2020-08-11 +Dear /r/economics, + +It has been a while since we've done a state-of-the-subreddit type post to take your temperature. A few things. + +### Submissions + +We've seen a lot of comments about political submissions. We do moderate submissions fairly aggressively and a good portion of submissions end up in the filter. We take action on reports and give reported submissions a critical look. Thus far our criteria has been loosely "is the substance of the article about economics or is economic discussion incidental to the central point?" Would you like that to change? What criteria would you like to see us implement? What types of posts should we pull (examples please!)? + +### Comments + +Two comment related issues. We've had a number of messages asking us to ban trolls of various kinds, users that dominate and derail discussions, and users posting overtly political comments. Thus far we have only issued bans for users engaging in personal attacks. Would you like to see that change? What types of users would you like to see banned? What criteria should we use? **Please don't bring up specific users. If you want suggest an example involving usernames, [please modmail us](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics)**. + +Another comment related issue. If you see a personal attack, one user here insulting another, please click report and/or modmail us. We do respond to these, keep track of offenders, and issue bans for repeat behavior. + +### Self Posts + +About a year ago, we stopped accepting self-posts on this subreddit (we've turned it back on for this post!). Before turning it off, the self-posts we got were generally low-quality. While they certainly have the potential to start an interesting conversation about economics, in practice most self posts were political rants, requests for homework help, or question better suited for /r/asksocialscience. Should we reconsider this policy? + +### Flair + +A few of you have suggested we flair self-identified experts. That would transition this subreddit from a news-oriented discussion sub to more of an expert answer type sub and would necessitate a significant change in culture. We're not opposed to doing this, but want to be clear this is what you want. How would you implement, what level of expertise would you require? What, if any, evidence would you want users to show? + + +### Anything Else? + +Last, [we're always accessible via modmail](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics). If you have any complaints, suggestions, or questions, please don't hesitate to [modmail us](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics)! + +I fucked around my whole 20s. Travelled, did a couple degrees, did drugs. I’ve finally started a career (physiotherapy) but have like $1000. I used to never care at all about money but now that I’m older I’m starting to want more and have financial independence. Is there still time? + +Edit* thanks for the replies everyone. Reddit is actually great, there is some really good advice in the comments and it’s made me feel better about my future prospects. You are all motivating me to set goals, work hard and make it happen! Thank you :) +When I started out trading a couple years ago, I had a misconception about how the stock market and USD were related. I had believed that if the stock market was going up then the US economy was looking good hence the USD would be gaining strength. It took me almost 4 months to realize that I was completely wrong and I had the entire scenario backwards. If you're a beginner then you too might also have this misconception or maybe it was just me. The reality is if the stock market is going up then the USD is going to end up losing strength and if the stock market is going down then the USD will gain strength. Let me briefly explain to you the reason why this is the case. If the stock market is doing well then it's going to give investors the confidence to head into some more riskier assets and currencies which we refer to as a risk on sentiment since investors are willing to take more risk. The USD is considered a safe haven currency and investors will jump to it if there's a lot of doubt or markets aren't looking too good which is referred to as risk off sentiment. If investors are willing to take more risk and jump to riskier assets then it means that they're likely going to sell off their USD in order to get into more riskier pairs. If investors start selling off USD what's going to happen to the strength of the USD? That's right it's going to get weaker. This is the reason why the stock market and the USD have a inverse relationship with each other. + +Knowing this we should be able to look at the S&P 500 Index in order to try to get an idea of what the USD pairs might do in the near future. This is where a lot of fundamentals come into play which is why I always recommend that every single trader sit down and read the news for about an hour every single day since it could give you a slight edge in the market. + +**Unemployment Rate:** Looking at the U-6 unemployment rates we can see that the current unemployment has really spiked in the recent months due to the pandemic and it still hasn't really shown any signs of coming down yet which is definitely going to play an impact when the government might have to decrease grants and funding to businesses to keep employees employed. + +[U-6 Unemployment Rate](https://preview.redd.it/y3ek7dcod9651.png?width=978&format=png&auto=webp&s=b801604ef48f6b9f5d747d69231e487be859437f) + +You also need to keep in mind that the government can only provide companies with so much money to keep people employed before they have to start backing away a bit. That point might be here soon and once that point comes then companies have one of two options: they can either continue to pay employees which is definitely going to hurt their profits or they can cut jobs which again isn't going to look good for the company since it's going to tell investors that the company isn't doing too hot. If investors start backing away from companies then the stock prices drop and that's going to be reflected in the S&P 500. + +**Reopening The Country?:** The US definitely wants to reopen and I'm not going to start a debate here about whether that's a good idea or a bad idea but I just want to state the numbers. Since states started to reopen guess what happened? Twenty-one state reported a jump in the number of cases of the Coronavirus. This could be a sign that the country isn't ready to reopen and companies are definitely aware of the fact. Just look at Apple and what they did. After viewing the increase in cases, Apple made the decision to close 11 of their reopened stores. + +**The Feds:** The Federal Reserve has been really doing its best in order to keep liquidity up but the question is how long can they maintain it. Just take a look at the Balance Sheets of the Federal Reserve for a while and start comparing the numbers from recent balance sheets. It's becoming quite evident that the Federal Reserve's Balance Sheet looks like it's going down which means they won't be able to keep adding liquidity into the stock market in order to keep it going higher. Once the liquidity they add starts to decrease drastically then we could begin to see the stock market drop which will drive the USD up. To top things off our GDP isn't also doing too hot right which is also adding onto the reasons of why there might be a big drop off in the stock market soon. + +**Technicals:** + +There's definitely a couple technical signs telling me that S&P 500 Index is looking like it's getting ready for a drop off before proceeding to go higher. + +&#x200B; + +[Elliott Wave 1](https://preview.redd.it/5r77z3k2rb651.png?width=1296&format=png&auto=webp&s=9a9196d8479e4f70b37cf61308640277ee5e182e) + +In terms of Elliott Waves, to each is their own and everybody draws them differently. The S&P 500 looks like it just completed the impulse move of an Elliott Wave. After an impulse move of an Elliott Wave there's always going to be a corrective phase described by the letters A, B, and C. If the B leg is completed then we could see a drop off of the S&P 500 Index to around the 2800 area in order to complete the corrective phase before maybe continuing up if the Feds are able to keep pushing and the fundamentals begin to support them. This is just one Elliott Wave but I see another which is also saying that we might see a much larger drop off. + +&#x200B; + +[Elliott Wave 2](https://preview.redd.it/ndpdre49n9651.png?width=1297&format=png&auto=webp&s=d1409c18e100a8a7416773d9e01179ab6f9fa55d) + +This Elliott Wave stretches further back and I'm more leaning towards this Elliott Wave since if you look at volume (green and red lines at bottom of the screen) you can see that it's really beginning to drop off and when you combine that with the Feds money dropping I think a large drop in the S&P 500 is going to happen in the near future. + +However there's one sign that's currently making me a bit nervous about this analysis and that's the Bullish Hidden Divergence. + +&#x200B; + +[Hidden Divergence](https://preview.redd.it/0n0aknqhp9651.png?width=1289&format=png&auto=webp&s=1aa2da07fa5f9945b13cc4722c9201b39289b388) + +Looking at the 4 Hour chart there's some pretty clear hidden divergence since price made a higher low but the RSI made a lower low which could be an indication that there might be a trend continuation and the S&P 500 Index could continue to push higher which might mean I would have to reconsider my Elliott Waves. + +Well now let's head back to the USD shall we. With the S&P 500 looking like it's going to drop, I feel it'll create a risk off sentiment for investors where they'll jump back to the safe haven currencies. This should definitely increase the strength of the USD so you probably will want to keep your eye on the S&P 500 Index and some of the USD pairs since they might have some large moves in the near future and I want to make sure that you're on the right side of the moves. This is just my take on what I think will happen according to the information I have. If you completely disagree with me and you think the S&P 500 and stock market will continue their rally up then let me know as I would love to get some perspectives from others. I hope you enjoyed that little lesson on cross analysis and how you can use other resources in order to try to predict what a currency will do in the near future. +Due to regulations, minors are generally required to have a parent or other legal adult listed on their bank accounts. Once you turn 18, you should establish a bank account that is in your name ONLY. This new account should also be at a separate bank/credit union from the previous account in order to prevent any mistakes from bank personnel that may give a parent access to the new account. + +There are multiple horror stories that you can find about people who have their accounts drained due to actions by their parents. The parents take the money to punish, they use it for their own needs, or they have judgements against them which cause all the money in the accounts to be used to satisfy the debts. Despite who earned the money in the accounts, if more than one name is on the account, legally it belongs to BOTH parties. + +Having a separate account doesn't mean that the parents can't put money in. All they need the account info on it to deposit funds. Other excuses may be well-meaning, but at the end of the day it's not necessary to have the parent on the account of the newly adult child. +I was on my way to turning this shitty year into something positive, but all my hard work is now being negated after being diagnosed with a brain tumor that has kept me out of work for 3 weeks now. My surgery is next week. If successful I will be out six more weeks minimum. + +After paying car note, insurance, rent, CC payments, and other daily needs, my funds are down to a frightening level. + +I know I can ask the CC companies if they could let me slide one month on payments for some relief, but I'm not sure if car lien holder and the insurance company will. + +Only income I have now is short term disability through my job, but I get less than half of my weekly wages. Monetary support from family members will be non-existent too. + +Any advise would be graciously accepted and well used. Thanks in advance and have a great day. + +Edit: Just to wanted to say thank you all for the well wishes. Will try to reply to all questions and will try all advice that is given. + +If anyone wants to know, the tumor is either a schwanoma or a glomus jugular that pushing on my brain stem, cerebellum, jugular vein, and carotid artery. + +Edit 2: Thank you for the awards as I have never had one. Also all the kind words are making this 48 year old man feel mushy. A feeling that I haven't had in several years. +So my wife has been looking for part time work from home jobs to supplement my income. She found a virtual assistant position and applied. + +The company offered her a position without interviewing her. It's for 6-7 hours a week making hotel and travel reservations. She will be paid $400 a week, and $30 extra per hour over 7 hours as needed. + +She asked some questions and got an odd response that felt canned. Basically she said she would receive a check for $2950 that would cover the first week's pay, the cost of a printer and paper, as well as booking software. + +This all feels like a scam, but I don't know how. Has anyone run into this? What should I be asking/looking for? + +Edit: Thanks for all of the responses everyone. I should have phrased this a bit differently. I knew this was a scam, I just didn't know how. I appreciate all of the advice for legitimate work from home options. +So I saw u/unlikelybluebird0 had a great post ([https://www.reddit.com/r/Superstonk/comments/vi9pby/dont\_forget\_in\_2004\_a\_man\_bought\_every\_share\_in/](https://www.reddit.com/r/Superstonk/comments/vi9pby/dont_forget_in_2004_a_man_bought_every_share_in/)) earlier today about the guy who bought the whole float of a company and then it still traded millions of shares (naked) and he lost $1m. Go read that post as it's gold in its own right. + +This little bit in the article linked in his post, though, really caught my attention: + +"By DiIorio’s reckoning, then, the cycle of naked shorting and reverse splits would inevitably result in an ever-increasing number of aged fails. And if that was happening, and those liabilities grew bigger and bigger, then federal regulators could see the outlines of the scheme on any financial statement. + +DiIorio believed Knight accounted for its aged fails in the “sold not yet purchased” liability on its balance sheet. That’s supposed to be an inventory of stocks for use in future market making, which goes up and down as orders are filled. But DiIorio says it was a hiding place for a billowing structural liability. + +And consider this: According to its [own financial reports](http://www.zonebourse.com/KINGSPAN-GROUP-1412393/pdf/299641/Kingspan%20Group_SEC-Filing-10K.pdf), Knight’s “sold not yet purchased” liability jumped from $385 million at the beginning of 2008 to [$1.9 billion](http://www.secinfo.com/d14D5a.q6JC3.htm#1r02) by mid-2011. + +Jim Angel, the business professor, said there could be other explanations — such as Knight’s growth as a company during that period — for why the “sold not yet purchased” liability ballooned. But, he said, market makers are typically “in the moving, not storing, business, and like to keep their inventories as small as possible.”" + +&#x200B; + +Now - I recall when someone here posted Citadel's financial statements one thing caught my eye in particular - **over $60 BILLION** in the category of "sold not yet purchased". (someone please check my homework on this..?) + +&#x200B; + +If that is what this seems to imply, then they are COLOSSALLY screwed and kicking that can as hard as they can before it blows up in their faces. That $60+ billion could represent a large loss position from all the naked shorts in companies like our favorite gaming retailer... + + +>The United States engaged in roughly $608 billion worth of research and development in 2018. That figure includes R&D by all entities in the US, from universities to private and public corporations. During the same year, corporations in the S&P 500 spent $806 billion buying back their own stock. In other words, the 500 largest companies in the US are now spending 33% more on their stock buyback programs than the entire country is investing in R&D. Cumulatively, buybacks have now outpaced R&D investment for the last five years. From 2014 through 2018, total R&D investment in the US was roughly $2.736 trillion whereas S&P 500 buybacks totaled $2.978 trillion. + +**https://thesoundingline.com/sp-500-buybacks-now-outpace-all-rd-spending-in-the-us/** +I started trading and I am about a month in, but before I continue I have to know if this game is too rich for my blood. + +So far I heard you need $25-100k to really make a living. I’m only really willing to put in 6k. + +Edit: I currently would need a little less than 2k a month to live off and then some change for growth. +The ASX bets inquisition has been launched and I believe that they believe that Melvin is a prime suspect in the stock ejaculation that was BRN. The inquisitors are out and they want blood for this day is red and our tendies are cold. + +Edit: +You autists. I'm not throwing Melvin under a bus lmao. I'm looking at all of you that have beared your fangs over a whole market red day. My crystal ball says market green in Monday so we should all Yolo it pre close today and almost suffer from a fucking stroke from the anxiety of the weekend wait. +I have \~$80K for student debt. I make around $150K in my job. For the last year, instead of looking for a home, I have been aggresively working on my debt. Debt was originally at $150K and I paid off the private loans with higher rates (\~10%). Now all that's left are federal loans, which start back up next month. The highest rate I have is 7%. + +Did I make a mistake by not buying a house while rates were low? Honestly, I didn't want to get into a mortgage while I still had a ton of student debt. Also, I have only been in this job for a year and I wanted to get my footing first before making such a big financial decision like buying a home. I still would like to pay off my student loans before buying a home (also I work remote and don't even know where I want to live, which makes the home-buying process more stressful). +I subscribed to this thread for motivation because, well, you know, it's good to dream big. + + +That said, I'm among the many millenials with no post-secondary education and the job market doesn't exactly demand my lack of sexiness-on-paper. I get paid according to where the socioeconomic bracket system places me regardless of how hard I try to swim upstream. + +It's not glamorous. I was about to unsubscribe because seeing how vast the chasm is between us is a little depressing to say the least. + +But, I decided to be a brave little broke 29 year old recently divorced male and say hey.... any uplifting words or actionable advice for a barely-can-afford-rent-guy like myself? + +I don't have a problem managing my money. When you make $13 an hour you have no choice but to pinch your pennies and make every dollar count. +...Please tell me there's more hope to the story than simply "you fail at capitalism". Gracias. + +*Edit: Really appreciate some of these kind and helpful replies. Thank you. I shall trudge on. +A few months ago, when Ether was trading for about $380, I made [this](https://www.reddit.com/r/ethtrader/comments/6hc2an/ive_predicted_most_movements_correctly_so_far/) post calling that the bubble peak, and predicting the rest of the year we'd see no further rallies, just a slow, steady decline, a few pumps here and there that would lead to nowhere. I got a lot of hate for that thread, yet, look what happened. Cool, right? I made that thread because the overall sentiment made it overwhelmingly obvious. It is not about technicals, it is about observing the sentiment of the communities, because, guess what? They are what move the price! + +There is another very obvious moment going on right now: the ETH/BTC pair is very oversold. I can't predict what will happen with the BTC/USD pair, the bubble could burst right now, or it could go to 10k. I'd say both scenarios are very likely, so buying BTC right now is gambling. I can't predict what will happen with the ETH/USD pair for similar reasons. But the ETH/BTC pair is going to correct **very strongly** soon, and you know that for sure by merely observing how many people that are into ETH sold their Ether to ride the BTC rally. They will come back as soon as they get scared because Ethereum, as a whole, is very strong right now: it still has most of the dev share, the best transaction fees, the best block time, smart contracts, fucking zk-snarks, pretty much everything. So, a well-placed long on ETH/BTC might result in huge gains on the short term, even if the USD price of ETH falls. Again, it is all about sentiments, not charts. (; +Disclosure: 4 months into investing only. Daily I see "Rate my portfolio" posts or discussions consisting of ppl exposing their holding, which in 99% cases consist of FAANG + MSFT/WMT/NVDA etc with 3-15% ratios. (I left 1% for those full TSLA/NIO nukers) + +What is the point of this in comparison with holding 1-3 ETFs like VTI, SnP500, QQQ, ARK, ICLN and so on with little to no overlap? I compared performance and its very similar, those companies don't deflect from market performance that much, if at all. You practically trade 0-2%/year for broader diversification. + +I am asking because I am on a verge of investing in individual stocks my self but my take on it is different and I want to double check. + +My Strategy - For past 4 months I pumped 2k every 2 weeks into Vanguard FTSE AW (80%) + Vanguard FTSE EM (20%) (EU citizen) as a stable base. Additionally I bought 3k worth of AMD at dip of 59, because I follow this this industry and AMD is what practically got me into investing. I use and believe in their products, love range of markets they appear on and upcoming product lines indicates, that upward trend is going to continue. But.. even tho its improving, their debt to assets ratio is quite high and p/e indicates overvaluation, so I am planing to sell at 90 or day before products launch (4th of November). Sorry for OT. Lets get back on track.. + +I want to hold ETF to single stock ratio of 75/25 % and looking for my next move (VRTX or FSLY after dip,,DOYU, BABA..?), but why chose mildly growing stock that doesn't deflect from market trend? Am I wrong to assume that? Thanks for your reactions.. +Already up to $3.14 Bid/Ask on this news: + +* **Canadian Medical Directory is** **the** **largest** **directory** **of trusted,** **highly-segmented** **information** **on** **doctors and medical professionals** +* **Highly complementary for CloudMD to** **integrate,** **optimize and cross sell its suite of products** **including Juno EMR, iMD Health and Snapclarity** +* **100%** **SaaS based,** **high margin, revenue model with significant opportunities to drive and optimize revenue** + +Article: [https://finance.yahoo.com/news/cloudmd-acquire-largest-medical-directory-113000152.html](https://finance.yahoo.com/news/cloudmd-acquire-largest-medical-directory-113000152.html) +Main takeaway from the bill for me was the Universal Savings Account which lets you contribute $2500 per year and lets you withdraw for any reason tax free. Also, included are some changes involving 529s and for withdrawals from IRAs, 457(b) or 403(b) if you adopt or have a child. + +&#x200B; + +For those interested: + +[https://www.govtrack.us/congress/votes/115-2018/h411](https://www.govtrack.us/congress/votes/115-2018/h411) + +&#x200B; +It's blatant karma whoring because they know the only way it's getting there is to get a ton of upvotes. More to that though, some pure shit gets to the top just on that aim alone. I can imagine someone scrolling through their front page and rolling their eyes at YET ANOTHER "hey r/all!" post. If it were me, I'd be put off by these weirdo cultists who keep vying for my attention. + +If something is good, it will get there organically. Jumping up and down and screaming to be put there isn't a good look. Just chill. I know in times where we're waiting for news it gets a little boring, but we should be careful about the sub "advertising" itself by crying out for attention because we don't have RC Twitter posts to spam or whatever. + + + +TL;DR - things should get to r/all organically and on their own merit, not by appeal of people trying to flashmob their own post to get it there. + +EDIT: Because I'm bored of hearing the same joke - yes. I'm more than happy for this to be the first post to go. I don't care about karma. +100% of my Stock Portfolio is QQQM, but I'm not 100% confident that this is a reasonable appproach. + +I read other posts on Reddit, some of them are kinda old so I wonder if something changed and if also should change my portfolio going forward. +100% of my Stock Portfolio is QQQM, but I'm not 100% confident that this is a reasonable appproach. + +I read other posts on Reddit, some of them are kinda old so I wonder if something changed and if also should change my portfolio going forward. +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! + +**TA;DR** Very little has changed since my update on December 21, which is odd considering the price has dropped another 33%. Institutional Ownership is at 24.8M. Out of the 24.8M, approximately 14.6M are "locked" up in ETFs (6.7M) and Mutual Funds, Index Funds and Pension Funds (8M). Available float appears to change hands every two weeks with no material change in ownership, just price reduction. + +This post is an update to: [https://www.reddit.com/r/Superstonk/comments/rlg6yu/update\_on\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rlg6yu/update_on_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +[ Stagnant shares = insiders ](https://preview.redd.it/z6drvp9gghd81.png?width=1005&format=png&auto=webp&s=1c475ea66782febb35086eb50f7dc802fa2d954f) + +&#x200B; + +[ Not sure why Matt Furlong isn't in Bloomberg ](https://preview.redd.it/4ueohjklghd81.png?width=559&format=png&auto=webp&s=4ed51a75e17a2fc80c215503f428e1ed8916dfbb) + +&#x200B; + +[Current IO = .3892 X 63,738,478 = 24,807,015](https://preview.redd.it/hr1yd4irghd81.jpg?width=639&format=pjpg&auto=webp&s=fc87e17418572f2f97224375c8fad63ce31cad7f) + +Current IO of GME shares is 24,807,015. On my December 21 update, IO was at 24,877,128. This is only a decrease of 70,122. This is the smallest decrease in IO since I started tracking these numbers. + +&#x200B; + +[6.7M shares of GME in ETFs](https://preview.redd.it/p0sodswnhhd81.jpg?width=1218&format=pjpg&auto=webp&s=1c5a3bc0bbf46837e504e1e29454e429b1e5590a) + +There are currently 130 exchange traded funds (ETFs) that include a total of 6,690,476 shares of GME. I reported 128 ETFs with 6,723,120 shares on December 21. This is only a decrease of 32,644. + +&#x200B; + +[ 8M GME shares in 329 mutual funds, index funds and pension funds ](https://preview.redd.it/kf4qql73ihd81.jpg?width=1242&format=pjpg&auto=webp&s=1323604bb6035127a7e002babe3f01234e20a326) + +There are 329 mutual funds, index funds and pension funds that hold a total of 7,957,066 GME shares. I reported 330 funds with 8,061,540 shares on December 21. That is a decrease of 104,474 shares. + +As I mentioned in my previous posts, Institutional Ownership has decreased significantly from May 2021 when it was over 100%. In fact, IO was over 100% for more than ten years before it dropped precipitously in May. Institutional Ownership is now reported at 44.7% (34M) of outstanding shares or 38.92% (24.8M) of float. Venture capital firms like RC Ventures are considered IO, but are also considered insider shares or "stagnant" shares; hence, the difference of 9.2M. + +[ IO of GME \(&#37; of float\) for past 10 years ](https://preview.redd.it/b62scbzdjhd81.jpg?width=1914&format=pjpg&auto=webp&s=073e1df362f833caa8d613c5b3744c88d22080c9) + +[ IO of GME \(&#37; of float\) for past 6 months](https://preview.redd.it/g7unxi4hjhd81.jpg?width=1912&format=pjpg&auto=webp&s=7aea13e6eb2c5791bc20efafda2c113b263f84ab) + +Are institutions done selling off? Very little has changed in the last month. + +Computershared.Net reports outstanding shares, inside ownership, shares "locked" up in ETFs and Funds, as well as gives estimates for DRS. Technically, the float is outstanding shares minus restricted (or stagnant) shares, which is 63.7M. However, the number of shares in ETFs and Funds will need to be maintained to some extent going forward and we all anticipate the DRS numbers to increase. Accordingly, the available float appears to be around 25-30M. *Yes, I know, those cucks borrow and rehypothecate from ETFs.* + +Price and Volume since my last update: + +https://preview.redd.it/33qe54gsohd81.png?width=460&format=png&auto=webp&s=0e604a82c7f458dc68cf3c94ef353b26dd76fd59 + +Since my last update, Institutional Ownership has only decreased by 70,122 shares, including minor decreases in ETFs and other Funds. However, the price has declined by 33% ($158 to $106) and the available float has traded 2.2-2.7 times. I smell bullshit. + +&#x200B; + +**TA;DR** Very little has changed since my update on December 21, which is odd considering the price has dropped another 33%. Institutional Ownership is at 24.8M. Out of the 24.8M, approximately 14.6M are "locked" up in ETFs (6.7M) and Mutual Funds, Index Funds and Pension Funds (8M). Available float appears to change hands every two weeks with no material change in ownership, just price reduction. + +This post is an update to: [https://www.reddit.com/r/Superstonk/comments/rlg6yu/update\_on\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rlg6yu/update_on_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) +I am 18 y/o and I work for a company that gives me a base hourly pay plus commission. + +-My tuition is $2000/semester, which is about $500 for 4 months. + + +-Gas: $160/month + + +-Food: $280/month + + +-Car Insurance: $102/month + + +-Gym: $35/month + + +-CC: Owe $631 Discover @15%; Owe $935 Citibank 0% APR 21 months (ends 2019) Limit = $2200+$3000=$5200 + + +-Misc.: $150 + + +The problem is, I don't know exactly how much I will earn every month. Also, I do not know how to take control of finances; I often spend uncontrollably as you can see by what I owe on my CC's. +How did you take control of your finances? + +Edit: I appreciate all of the responses! Reading all of your stories and different methods/advice is giving me better insight as to how I will take better care of my financial health. + +Also, for those who wanted to know some additional information: I live in the Silicon Valley/Bay Area (very, very expensive), my drive to school is about 17 miles there and back (plus heavy traffic), I eat out a lot, my earning potential is uncapped, though I maxed it out at $2000 because I am currently a full-time student working 8 days a month. + +Sup apes + +Not financial advice. + +&#x200B; + +[you know this](https://preview.redd.it/clodo6u3jva71.png?width=1280&format=png&auto=webp&s=57ca6a86449f83d1e6c7cccca430b275361ed4d8) + +What an exciting week we have ahead of us! + +this song is the vibe for tonight: [https://open.spotify.com/track/2BHj31ufdEqVK5CkYDp9mA?si=787960c95e4c4f60](https://open.spotify.com/track/2BHj31ufdEqVK5CkYDp9mA?si=787960c95e4c4f60) + +Personally, I'm permajacked, but if there's such a thing as being jacked\^2, that's a good way to describe my feeling. + +In this post I want to go over intraday scenarios going into tomorrow, as well as touch on the overarching setup, and see maybe we can debunk these so called "I figured out the algo" posts. + +Without further ado, here's my primary intraday count, as well as my alt count. Primary count in EW speak is the count you are more inclined to believe is right, the alt being the alternative possibility. When one pattern breaks, you jump to your other count. + +To those that say EW is gibberish, I can understand that argument, but it is a complex subject that requires much fine tuning and tweaking along the way to determine your count is correct. For this reason, I like to lay out the multiple possibilities that I see moving forward. + +Primary: + +[30m](https://preview.redd.it/gdbsr3e9kva71.png?width=2244&format=png&auto=webp&s=6a2074cae0f2ef5806823f8a7755876366c39c8f) + +alt: + +[30m](https://preview.redd.it/lskxf1kzjva71.png?width=1142&format=png&auto=webp&s=25291cf8ffcc0b4af80bc78e528187cdefef261c) + +obviously, these are intraday counts, so they don't matter much. I'm gonna go over the primary first. I see the move from our low of 177 to our high of 194.2 as a wave 1. What followed is a correction different than your typical zig zag abc. What appears to have happened is a regular **flat correction.** in essence, a flat correction is when you a and c wave hit the same level (double bottom in technical trader speak) and you b wave hits the same high as wave 1. + +Visualized below are the 3 types of flat corrections: + +&#x200B; + +[flats](https://preview.redd.it/7twddxfrkva71.png?width=1024&format=png&auto=webp&s=084ce5dbdda547ee6adb11cca9b39cc1f01919f8) + +Pay attention to this visual as I will circle back to it in regards to my alt count. + +The regular flat is visualized by the yellow A B C lettering above. This brings us to the red count following the yellow, which is a smaller degree wave subset. Given the validity of the flat structure, that means the next move up can be classified as a smaller scale wave 1. Sure enough, we had a sharp move up this AM, validating the wave 1. + +What follows is a typical zig zag abc, wherein the A and C share a 1:1 fib relationship. In this scenario, that puts the end of wave 2 (correction of 1, abc) at a low of 187.68. Today the correction hit a low of 188.1. Not quite the 1:1 extension, so if this count is correct, be on the lookout for a low tmr am of 187.68. After this is hit, we will begin our smaller scale wave 3, which should hit a minimum of 198.01, though the 1.618:1 level (most common extension for wave 3) comes out to 204.4. + +Intraday count doesn't matter too much, but being aware of the structures on a smaller scale help to build larger scale targets. + +Onto the alt count. + +Remember there are 3 different types of flat corrections. The alt count is something called an **expanded flat.** To put it bluntly, in this corrective pattern, the A wave will retrace downwards, the B wave will hit a fib ratio greater than 1:1 of wave a, and C will hit a fib ratio greater than whatever B is. each leg is successively longer than the previous. + +This count cannot be a running flat, (a and c are 1:1, b breaks above 1) as today's low broke below the 1:1 extension: + +&#x200B; + +[invalidated running flat ](https://preview.redd.it/26mhji48nva71.png?width=2240&format=png&auto=webp&s=a8640f262dc99cfbd95bf72a852966faa26fe3d7) + +That being said, the possible end targets for our expanded flat going into tomorrow are the fib levels you see above. For your convenience, the levels are 183.81, 182.18, and 179,54. The highest is the most likely but we can't rule out lower targets. The structure is valid if any of them hit. + +Also note, that none of these targets go below our recent low of 177, thus supporting the uptrend. higher lows relative to 177=uptrend confirmed. + +If this count is correct, we will hit one of the levels mentioned above before continuing onto wave 3. I don't have precise targets as the move is not complete, but we should be saying goodbye to the 200s pretty soon. + +Onto the larger scale now. + +Dumbed down for your viewing pleasure: + +&#x200B; + +[daily](https://preview.redd.it/y44yj4bznva71.png?width=1784&format=png&auto=webp&s=543073510e800affdc0ec3c8b860143cfed08c0f) + +Targets remain the same. This cycle is targeting a minimum high of 405.32, though any of the targets above are possibilities. We simply don't know yet, though as the move progresses we can re assess the general strength of the move and have more precise end wave 3 targets. + +Just go get you mega jacked, if shit gets crazy and we see a hyperextension (4.236:1), that level comes out to... + +[nice. ](https://preview.redd.it/inrvasycova71.png?width=1788&format=png&auto=webp&s=945e168860af9e4013c646751537449bf4d2f62c) + +Pre squeeze, keep in mind. + +Just to confirm your bias even more, I saw a post by a user from fidelity, showing their own EW analysis. Sure enough, it lines up exactly with what I have been writing about on here since our high of 344 last month: + +&#x200B; + +[DD confirmed!!!!!](https://preview.redd.it/crgaovb2pva71.png?width=828&format=png&auto=webp&s=d7c38daf03a87b14e852118d31c083786c0b910a) + +To everyone that says ew is nonsense, fidelity disagrees 😎 + +In terms of the algos posts that flooded the sub over the weekend, to that I say I'll believe it when I see it. While the stock is primed for an upwards move from a TA perspective, the algo posts I saw just seemed to be lines broken up into cycles without any math to back the theory. EW derives targets from fibonacci which is seen throughout nature and the world. Flat lines on a chart? not so much. Not saying they are wrong, but just to take them with a grain of salt. + +7/14. bastille day. the day of reckoning (supposedly) + +Call me cynical, but I really doubt this kicks off MOASS. sorry, but the only thing that will kick off MOASS is if shorts default due to other factors regarding their positions (unlikely imo at this stage) or a dividend in the form of an asset that shorts do not have access to, thus forcing a closure of their positions. + +Until one of the above happens, I will continue to buy and hodl. Scooped a cool 2 more shares today, it ain't much but it's honest work. + +I saw on twitter (can't find it now) one of the game coin devs when asked about the source code of the coin, specifically the launch date of 7/14, said that it was in relation to an upgrade on the ehterium network, which is now pushed back to 8/4 ***I believe.*** I may be wrong or misread the dates, but that is what I took away from it. + +They are in no way saying MOASS is dependent on this, all it is in my eyes is plausible deniability. They legally can't say they're going to start the squeeze on x date, but they sure as hell love to give us hints. + +Now for some maths before I sign off. I was going insane last night trying to draw connections on the GME chart in relation to fib levels of different cycles. + +looking at feb-march run, i took fibs to measure how deep wave 2 retraced after 1 completed. Feb-March fibs show the retrace was **23.15%** off of the .786 level + +&#x200B; + +[23.15&#37; off of .786](https://preview.redd.it/r2csr04erva71.png?width=2370&format=png&auto=webp&s=c79e488f25f1fc299c5562bad90d14a0d6568b20) + +In the recent run, illustrated below, if the bottom comes out to 177, this is **29.69%** off of the .786 target + +&#x200B; + +[29.69&#37; \(nice\) off of .786](https://preview.redd.it/uhp0ak3hrva71.png?width=1954&format=png&auto=webp&s=b2e29c112153a0198931c1ea05b109de663489a0) + +Take from this what you will, not sure this constitutes statistical significance but still an interesting find when comparing the cycles to each other. + +WEN MOON? whenever we get a catalyst that forces closure of short positions. My money is on a dividend, as to when that gets **announced and distributed** is anyone's guess. If 7/14 passes and nothing changes, the only thing that changes with me is my share count, as I will buy more. + +As always, if you like intraday analysis I post on my [twitter](https://twitter.com/gavinmayreal) all day, and I did a [video breakdown](https://www.youtube.com/watch?v=3n5g_B1WXMY&t=560s) of SPY and GME yesterday if anyone is interested in seeing how to apply ew step by step. + +Thanks for reading! I'm Jacked as shit and I'm gonna go get high af and stare at fib levels, my definition of a great Monday night. + +TLDR: bullish as fuck, moon soon 🌊 🚀 +After [today's vote](https://i.redd.it/ud1ada6jy1e81.jpg) it seems relevant to discuss why this no troll exists in the SEC, she's paid to be there by the Mercatus Center, she helped write Dodd-Frank and now attacks it for how much it sucks, but also defends wanting no changes to it, and the law firm represents the shit banks in really sketchy situations, they also [are lobbyists.](https://imgur.com/FXhwLNT.jpg) and have [direct financial ties to Citadel](https://imgur.com/XBiRg0G.jpg) (that's a retainer fee from 2004, it went on for more years) + +&nbsp; + +> Peirce started her career as a clerk for Judge Roger Andewelt on the Court of Federal Claims from 1997–1998. Afterwards, she was an associate at Washington, D.C. law firm [Wilmer, Cutler & Pickering (today WilmerHale) between 1998 and 2000.](https://en.wikipedia.org/wiki/Hester_Peirce) In 2000, Peirce served at the Securities and Exchange Commission, first as a staff attorney in the Division of Investment Management from 2000 to 2004 and then as counsel to Commissioner Paul S. Atkins from 2004 to 2008. + +> Afterwards, Peirce worked as part of Senator Richard Shelby's staff on the Senate Committee on Banking, Housing, and Urban Affairs. In that position, [Peirce's work mostly centered on the financial regulatory reform in the aftermath of the financial crisis of 2008 and the oversight of the regulatory implementation of the Dodd–Frank Act.](https://www.reuters.com/article/us-usa-trump-sec-idUSKBN1972K7) + +&nbsp; + +> [In that position, she oversaw financial regulatory reform efforts following the 2008 financial crisis and conducted oversight of the regulatory implementation of the Dodd-Frank Act](https://cle.cobar.org/cvweb/cgi-bin/memberdll.dll/info?WRP=facultyBio.htm&customercd=529136) + +&nbsp; + +She attacks Dodd-Frank now + +> HESTER PEIRCE + +> Testimony Before the Oversight and Investigations Subcommittee of the Committee on Financial Services of the US House of Representatives + +> May 13, 2015 + +> Chairman Duffy, Ranking Member Green, and members of the Subcommittee: thank you for the opportunity to appear before you today. The financial crisis of 2007 to 2009 shook this country deeply. It upended the lives of Americans, many of whom found themselves without jobs and homes. As the crisis unfolded, the desire to do something in response was thick in the air in Washington, DC. + +> The general sentiment in favor of action was not matched with specifics about what the problems were and how they could best be solved. People were angry and scared and understandably wanted to do what was necessary to prevent a similar crisis from happening again. [The hastily crafted response—the Dodd-Frank Wall Street Reform and Consumer Protection Act does not make another crisis less likely. To the contrary, it sets the stage for another, worse crisis in the future.](https://financialservices.house.gov/UploadedFiles/05.13.2015_Hester_Peirce_Testimony.pdf) + +> The flaws of Dodd-Frank are not surprising; the drafters were working quickly under difficult circumstances without full information. Rather than relying on its own investigative powers, Congress delegated much of the legwork for determining what had gone wrong to the Financial Crisis Inquiry Commission. + +> That commission produced its report six months after Dodd-Frank became law. [Commission member Peter Wallison points out in his dissent to that report that “the Commission’s investigation was limited to validating the standard narrative about the financial crisis—that it was caused by deregulation or lack of regulation, weak risk management, predatory lending, unregulated derivatives and greed on Wall Street.” That popular but inaccurate narrative undergirds Dodd-Frank and continues to misinform debates about whether Dodd-Frank is working.](https://financialservices.house.gov/UploadedFiles/05.13.2015_Hester_Peirce_Testimony.pdf) + +Says the above, defending wall street + + +> In addition to its new responsibility for systemically important nonbanks, Dodd-Frank otherwise expands the role of the Federal Reserve Board. [It has supervisory authority over, among others, a large array of bank holding companies, savings and loan holding companies, and insurance companies. FSOC is looking closely at the asset management industry, so the Board’s supervisory mandate could expand further.](https://financialservices.house.gov/UploadedFiles/05.13.2015_Hester_Peirce_Testimony.pdf) + +> A consequence of the Federal Reserve Board’s broad authority over a wide range of institutions is homogenization across the financial industry. Although the Board likely will make some adjustments to accommodate industry differences, similar liquidity, capital, and risk management requirements could lead firms to hold similar assets. + +> This homogenization could increase the likelihood that a problem at one firm would spread to other firms. Stress testing and resolution plans may further enforce a system-wide uniformity, which could prove harmful, particu�larly in a time of market stress. + +&nbsp; + +Now I want to remind you why [the other commissioner's (Elad) law firm is mad about Dodd-Frank reform- they are protecting these people from reporting what they are doing, they put it in place initially](https://www.sec.gov/comments/s7-39-10/s73910-88.pdf) + +> 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." + +&nbsp; + +She's fully ~~paid~~ sponsored by Mercatus Center + +> [SEC nominee Hester Peirce received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda.](https://theintercept.com/2015/11/12/nominee-to-oversee-wall-street-works-at-think-tank-dedicated-to-blocking-regulation/) + +> her formal title — senior research fellow and director of the Financial Markets Working Group at the Mercatus Center at George Mason University — which sounds a lot like an academic post. + +> But Peirce, new disclosures show, received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda. The Center’s so-called research reflects the lobbying priorities of its corporate funders — chief among them, Koch Industries. + +> The Mercatus Center has been described by the Wall Street Journal “as a coordinating center for lobbyists trying to block a flurry of regulations.” Congressional records show the think tank routinely cited in over a dozen hearings over the last two years by lawmakers seeking to roll back regulations on business interests. + +&nbsp; + +> [At a recent event hosted by the Bipartisan Policy Center, the Securities and Exchange Commission’s (“SEC”) Hester Peirce expressed criticism about the registration provisions for private funds. The SEC commissioner said such funds are not a systemic risk to the financial system, but they are often viewed as banks. Rather than rely on the Dodd-Frank Act-mandated requirements, she wants to do away with the provisions altogether.](https://www.cbh.com/guide/articles/sec-commissioner-condemns-registration-requirements-for-private-funds/) + +> While preferring that there is no mandatory registration of private fund managers, Peirce is open to curtailing the requirements. She highlighted the difficulty in determining where the systemic risk comes from in this part of the financial industry, and the requirements stem from a lack of understanding. Peirce is also open to offering safe harbor to private funds that are examined by another supervisor. If another supervisor reviews the funds, then it can be policed by that supervisor. + +&nbsp; + +Let's check the same pattern as Elad, predatory lending/vulture investing law firm. + +> Wilmer, Cutler & Pickering (today WilmerHale) + +[First court filing](https://imgur.com/fRzsk5A.jpg) seems to [be a similar pattern.](https://imgur.com/8uk5FQi.jpg) and [a second page](https://imgur.com/c85yQZy.jpg) + +&nbsp; + +> [A team of white-collar defense partners from five large firms advised Goldman Sachs in a foreign bribery investigation that culminated Thursday with record-setting $2.9 billion resolution. Under the supervision of Goldman Sachs' general counsel, lawyers from Sullivan & Cromwell, Paul Hastings and Kirkland & Ellis, along with Winston Strawn and ***Wilmer, Cutler, Pickering, Hale and Dorr, handled various portions of the probe, which centered on the bank's role in a Malaysian bribery scandal.***](https://www.law.com/radar/newsfeed/all-the-big-firms-that-guided-goldman-sachs-to-a-record-setting-foreign-bribery-resolution-398-61398) + +They both are clients of Goldman Sach's + +&nbsp; + +2014 + +> [Barclays Plc has hired lawyers from the high-profile firm Wilmer Cutler Pickering Hale and Dorr LLP to help the bank defend itself against accusations that it deceived investors in its "dark pool" trading venue, according to people familiar with the matter.](https://www.reuters.com/article/barclays-lawsuit-idUSL6N0P850820140627) + +> Matthew Martens, formerly the chief litigator at the U.S. Securities and Exchange Commission, is among the WilmerHale lawyers working on the case, the sources said. + +*** + +> [“The facts alleged in our complaint show that Barclays demonstrated a disturbing disregard for its investors in a systematic pattern of fraud and deceit,” Attorney General Eric Schneiderman said in a statement: “Barclays grew its dark pool by telling investors they were diving into safe waters. According to the lawsuit, Barclays’ dark pool was full of predators – there at Barclays’ invitation.”](https://www.forbes.com/sites/marcelmichelson/2014/06/27/barclays-dark-pool-crisis-another-dent-in-confidence/) + + +&nbsp; + +Turns out [the law firm is a lobbying firm too](https://imgur.com/FXhwLNT.jpg) with a [giant list of companies that retain them....](https://www.opensecrets.org/federal-lobbying/firms/summary?cycle=2008&id=D000000721) including Google, the entire sugar industry, Northwestern University, pharma, whomever ["Business Roundtable" is,](https://www.opensecrets.org/federal-lobbying/clients/summary?cycle=2007&id=D000032202) JPMorgan, Citigroup, and even [had *CITADEL INVESTMENT GROUP under retainer in 2004](https://imgur.com/XBiRg0G.jpg) as [well as 2003](https://imgur.com/3STJSlT.jpg), Goldman Sachs and more. + +***These guys are the other lawyers and lobbyists for the shit banks and funds.*** +I have been paying $10/trade for past decade and think it is time to get off this highway robbery. Every year it costs me several grand in just trading fees and limits my trades severely. + +Those of you who have moved away from the Canadian banks brokerages to free or very low cost brokerages, which brokerage you like best? Questrade/wealthsimple trade/ IBKR....?? And do you ever worry about being left high and dry of brokerage goes down as in bankruptcy? +I have been on edge in my current role of 2.5 yrs as a Senior public accountant in a mid-tier accounting firm. It will be 6yrs since I started in this industry this July. I have grown to very much dislike what I do professionally over the years, but I am in my last year of my CPA course and will probably wait it out until I complete it at the end of the year before I hand in my resignation. My question to all you professionals that dislike your job very much, how do you block out all your work-related or work thoughts once you finish work??? Cuz, currently its taking a serious toll on my mind, every working day it's miserable. + + + +Edit: Appreciate all the replies, I will also add how do you cope with a job you loath so much, but can't leave because you need the money & need to finish a qualification? +Multiple people have received a notice at the bottom of their October statement. These accounts are scheduled to be converted to Core Checking in January 2018. + +If you don't want to pay fees for a checking account or want a savings account that actually pays interest instead of charging fees, you can check the wiki for a list of the most frequently recommended banking institutions on /r/personalfinance: + +https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions +Question is in the title. It’s been a blood bath for me the last few weeks. My portfolio definitely was too focused on small cap. Is there a market rotation going on or what? +SOLR.V Taking off today. Finally some movement from this incredibly undervalued stock. Great future in place with its 60 million dollar, 56 Megawatt project in Illinois signed last week. Read up on it ASAP!!!🚀 +Written by Acceptable-Dish5279, published on DD into GME. Give this guy some upvotes….. original author, I figured an account with higher karma Would be able to spread the word easier which is why I borrowed it, don’t forget to give this ape his credit + + +First off, everybody make your own decision with your own investment… + +“Misinformation CAMPAIGN RIGHT NOW. + +I made a post earlier and with discussion with people i realized that my post was not clear and was missing information with all the discussion i decided to make a more complete one, i hope you enjoy it! + +what DRS is ( it's like a physical certificate but not physical! ) + +[https://www.sec.gov/fast-answers/answersbookentryhtm.html](https://www.sec.gov/fast-answers/answersbookentryhtm.html) + +[https://www.investopedia.com/terms/b/bookentrysecurities.asp](https://www.investopedia.com/terms/b/bookentrysecurities.asp) + +Hi everyone! I want to start this DD that with some research and even the confirmation of DR.T from tonight talk on twitter, i can confirm that shareholder discussing of a broker change all together is not collusion since we are all already shareholder, just to make everything clear. + +First of all i want to bring my point of view here , i will not assume anything, in this post we will take the most conservative view to review our option with Computershare and our transfer and look how and why it's a good idea too but also mentioning a theory of mine that link everything together. + +*TLDR at the end :)* + +**CYBERATTACK THE FORUM IS UNDER A SIEGE!** + +What i am talking about, well you all saw the FUD when it happen, it's pretty obvious but what about the timeframe that we are under attack? + +* When the stock goes up , we have misinformation to make people play with option and sell their option worthless. +* When the stock goes down, we have FUD to make people sell their share. +* When we have no up or down but sideways, we can see those big headline in media that the squeeze is done and there will me no more, BUT WAIT there's a catch too! + +I realised after seeing many post that people in the subs were noticing too many Computershare post, but what's wrong with it right? Let me start with couple of screenshot took on the most popular subs of GME within 5 minute. + +The screenshot down here are from holder not SHILLS , i double checked! But with a lots of research i found a couple of account talking about infinity pool and DRS 20% of their share and funny enough , looking into their historic they seemed to be shills . But why shills want us to DRS ?? They don't but they know we will so my assumption and pure speculation is that it's to make us think that sending 20% is enough or even 40% could be enough. Those screenshot just demonstrate that the narrative did reached holder and impacted their thinking about DRS as only an infinity pool where we need to send a small portion of our share. + +&#x200B; + +[Not a shill , it's a regular holder](https://preview.redd.it/dpgqvdz24eo71.png?width=877&format=png&auto=webp&s=d976e8b21ca79f4b2c226e5cd831f1b14a3eb0d4) + +What in this screenshot is obvious to you? + +&#x200B; + +[again a regular holder that take for granted the float](https://preview.redd.it/b5fq3pp44eo71.png?width=656&format=png&auto=webp&s=6070b65553a41670d62249fc0691d1594ec65466) + +What about this one? + +There's a correlation between both and it's the fact that we send only a portion of our share and not the majority of it. + +So what? I will first show you my view on it and then do the math for you so we can agree on the portion we need to send to have a real impact on our favorite stock.( Remember it's not collusion since we are all already shareholder, it's in our right to discuss this just like when we did when we transferred RB to Fidelity) + +The tactics in war ,when you know the inevitable is going to happen , your only way out is to divide ( we know all what i'm talking about here) and and the second thing to do is to spread misinformation in the community to make it straight up assumption from all their member. The misinformation might be the % of share we send. As far as i'm concern the historical squeeze happen because company DRS their share not a fraction of it but all of it. Keeping you from DRS 90% or even 100% of your share is pure misinformation from my perspective. + +We need to stop taking from granted that we own the float many time and take action in consideration that we might not. + +We all take for granted that we own 6-7-8-9 times the float name it some even say 10 times! But the reality is , we don't know and no survey or information at our disposition right now can confirm this by any mean. + +So let's say we own 6-7-8-9 times the float, it is fair to say if we DRS 20%-30% or even 40% or our share, we are good to go right? But remember any of those number have any evidence whatsoever! + +So to be rational in any situation where we have a lack of information is to take all possibility , review them all, and make sure to considerate ALL OF THEM , not only 1 or 2. Here i am going to do the math for yall so we can review EACH POSSIBILITY without omit any. + +We need just a little bit of information before we start speculation! + +* First , not all GME holder will DRS their share , some country straight up can't , some other country have the possibility but the fee are too high for low share holder counts, an other problem is that retiring account if you remove your share from it because you can't DRS from it you will straight up be charged taxes and some people simply can't afford it, we also have to take in consideration all the people that don't use reddit and are not aware of DRS and probably many other factor that i can't even think about. +* We can assume from the SI reported in JAN that the float could be 300M share let's say up to 600M if they kept shorting it. But for the math i will take the most conservative data which is 226% SI so 300M share floating around +* i came to the conclusion that around 55% to 70% of the holder at best can DRS their share so when the math down is referring to 55%(HOLDER) , this is what i will refer to, i take 55% because it's the most conservative number. +* But wait this is not it, there's 1 more thing to take in consideration before we proceed, NOT 100% OF OUR SHARE WILL BE DRS, we will all conserve a proportion of our share in a broker for the most part! So it's fair assume that most people will DRS from my own research so far, something between 20%-50% of their share. I did a lot of research on all forum and this seems to be the narrative pushed on the forum( You start seeing me coming???????) + +The math below will only take the most conservative number to make sure our view is center on the worst case scenario and not the best one since the worst is also a possibility. + +***1rst POSSIBILITY, we own 1 x time the float.*** + +worst case If we own 1 time the float which is 56M share and we DRS 20% of our share we would have 11,2M share in our name. But only 55%(HOLDER) will DRS so we drop down to 6,16M share + +best case If we own 1 time the float which is 56M share and we DRS 50% of our share we would have 28M share in our name. But only 55%(HOLDER) will DRS so we drop to 15,4M share + +***2nd POSSIBILITY, we own 1.5x time the float.*** + +worst case If we own 1.5 time the float which is 84M share and we DRS 20% of our share we would have 16.8M share in our name. But only 55%(HOLDER) will DRS so we drop down to 9,24M share + +best case if we own 1.5 time the float which is 84M share and we DRS 50% of our share we would have 42M share in our name . but only 55%(HOLDER) will DRS so we drop down to 23.1M share + +***3rd POSSIBILITY, we own 2x time the float.*** + +worst case if we own 2 time the float which is 112M share and we DRS 20% of our share we would have 22,4M share in our name. But only 55%(HOLDER) will DRS so we drop down to 12,32M share + +best case if we own 2 time the float which is 112M share and we DRS 50% of our share we would have 56M share in our name. but only 55%(HOLDER) will DRS so we drop down to 30,8M share + +***4th POSSIBILITY, we own 2.5x time the float.*** + +worst case if we own 2.5 time the float which is 140M share and we DRS 20% of our share we would have 28M share in our name. but only 55%(HOLDER) will DRS so we drop down to 15.4M share + +best case if we own 2,5 time the float which is 140M share and we DRS 50% of our share we would have 70M share in our name. but only 55%(HOLDER) will DRS so we drop down to 38.5M share + +* I will take a pause there , i think i made my point from here, thinking that 20-50% of our share DRS is enough is already saying that those 4 possibility are not realistic ( but they are....). In reality to make those 4 possibility in our favor to squeeze, we would need to send not less 90% of our share. So just like the meme anything below 50M is FUD, i will create the anything below 90% share DRS is indeed misinformation to the shareholder. +* If we own 1.5 time the float it doesn't mean no squeeze guys just to be clear , there's plenty of room for a massive squeeze like the MOASS, we could sell 30% of our share and still be ok to infinity. They still need to buy-back all the synthetic + the exceeding of the float that we own. + +Now can you see why it's in the best interest of MM and SHF to push the narrative of the infinity pool and sending 20-50% of our share to registration is probably misinformation? Because there's a possibility that we own between 1 time to 6 time the float and in all those possibility, we will never squeeze if we send only 20-50% of our share. To be proactive i will take the most bearish view and assume we have 1.1 time the float so on my behalf i will send 90% of my share to make sure if it's the case we will still squeeze. The blessing of the freedom to chose how many share we DRS! + +**BLUE PILL OR RED PILL?** + +Let's think about the moment SHF or even MM have not enough collateral and they collapse. I keep seeing post like the 350$ is the point where they collapse , HOW DO YOU KNOW? really i want to know, show me your evidence for fuck sake? In reality their breakpoint might be 2000$ and we will never know it until we reach it. + +So assuming a market crash will indeed cause the squeeze is on my opinion totally wrong. There's only 2 options to me that are realistic for the squeeze to happen. + +1. RC recall share for any reason like NFT dividend, switch to on blockchain broker instead of DTCC holding the share or who know what he got in his sleeve. I'm sure he have something but i don't know what and i don't know when maybe soon maybe not! +2. We DRS the float , case close. +3. I know there's other possibility but i discard them as very unlikely to be honest with you. + +Which rational scenario do you prefer the most? I honestly think that DRS 90% of our share is not that hard... We would stop talking about it in 1month at best right if indeed we own at least 1.2 time the float? They can still borrow at that point phantom share and prevent the squeeze but this will show the criminal side of their game in literally plain sight. It's like requesting all share certificate and we are still seeing share trading on the market , from this point theses criminal are completely fucked. The redemption of the justice! + +**THE ILLUSION OF THE CHOICE.** + +I see many of you telling me hey but when the squeeze happen, it will be hard to sell with Computershare and i rather sell with my broker. This is all illusion , you take for granted liquidity in the market, you take for granted that when you will want to sell your share there will be a buyer. At millions per share, there might be absolutely no liquidity with broker or Computershare , it doesn't matter , it won't work how you want it to work. At this point Computershare of broker doesn't matters. + +It's an illusion that you have that liquidity with GME is forever and ever. Let me tell you when the recall will start. There will be not even FOMO simply because share won't be accessible. The only entities that will buy will be the SHF or MM that are short on the stock so your fear of DRS should down from here. + +Not just that but remember in the squeeze the price will probably still be wrong and the only way of selling at our price point will be to wait a long time before it reach our price point. At example 1M per share with Computershare it might take month and it won't drop down from 1M to 20$ in a week , o hell no!!!! So even if it takes a day to sell because of too many people trying to sell , the broker will have the same problem. + +**CONCLUSION AND TLDR** + +I take a conservative approach to the DRS. And with basic math show that 20-50% share DRS won't be enough in many possibility regarding the float that we might own which is very different from the float of share floating in the market. The 20-50% is probably number pushed by MM and SHF to make sure we don't DRS enough share. They create problems that don't even exist and make you doubt that 90% of your share in Computershare is a good idea. + + I like feedback on this post i make correction when i'm wrong or insinuate something i don't want to. I just want everybody to be on the same page.” +> The Income Tax Act (Canada) determines whether or not a security is a “qualified investment.” When you hold non-qualified investments in a registered plan like an RRSP, RRIF or TFSA, the Canada Revenue Agency (CRA) may impose penalties on the annuitant or holder of the plan. The annuitant/holder would also be subject to tax reporting requirements. Here we look at non-qualified investments – what they are, and what to do if you hold any in your registered accounts. + +>Determining What’s Qualified and What’s Not + +>Generally, a security meets the requirements of a qualified investment if it trades on at least one stock exchange that meets the requirements of a Designated Stock Exchange (DSE), as determined by the Department of Finance Canada. + +>You can find a complete list of the DSEs (including well-known North American exchanges such as the NASDAQ, NYSE and TSX) by visiting www.canada.ca and searching “designated stock exchanges.” + +>In general, a security that trades only on OTC markets is a non-qualified investment, but if it also trades on a Designated Stock Exchange, it may be considered qualified. + +>Many Canadian investors find themselves owning a non-qualified investment when buying investments that trade on Over-the-Counter (OTC) markets (as opposed to stock exchanges), or when a security is delisted from a DSE and begins trading over-the-counter. The OTC market is a decentralized, loosely transparent and lightly regulated market where dealers act as market makers, supplying bid and ask prices for securities and currencies. + +>In general, a security that trades only on OTC markets is a non-qualified investment, but if it also trades on a DSE, it may be considered qualified. For example, if a stock trades over-the-counter in the U.S. but also trades on a DSE in Europe, it may qualify to be held in a registered plan. + +>If you hold non-qualified investments in a registered plan, there may be penalties and additional tax reporting requirements. + +https://www6.royalbank.com/en/di/reference/article/owning-a-non-qualified-investment-can-be-costly/j7sfxevb +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**. +My wife works for a publicly traded company. They are implementing a new benefit this year and you have to enroll this month. The way it works is you set an amount you want to contribute each paycheck up to $10,000 total every six months. Then at the end of the six months your amount is used to purchase the company’s stock at 15% off of whatever the lowest price the stock had been during the period, issued to you immediately. You can of course then either sell the stock immediately at the current market price or hold onto it indefinitely. This will be repeated until further notice. + +I can’t see a reason why I wouldn’t just have her max out the contribution and then sell the stock immediately when it’s issued for a minimum bonus of $1500. What am I missing? + +Also, why would the company do this? They have 10’s of thousands of employees, if many did this wouldn’t the sell off hurt the stock price? + + +The [image](https://cdn.discordapp.com/attachments/546638393895813120/800089813181136916/Untitled_Diagram.png) shows bifurcation recognized by RBI in our financial sector. The post doesn't advice on/against investing in listed companies from financial sector. + +1. **Total funds managed by SCBs(97 banks):** 166 lakh crore at the end of March’20 - 60% of which is managed by PSBs - decreasing over the years.(8% increase yoy) banking sector grew by 18% between 2005-2014, since 2014 it has reduced to 9%. Small finance and payments bank handle about 0.5% of total funds. +2. **Sourcing of funds: public deposits:** 78%, equity - 8%, borrowings - 8%. lack of equity capital has forced two banks to fail. For PSBs, GoI has infused 3.2l crore of equity in last few years. +3. **Loans and Advances: loans given:** 103l crore as of March'20. Growth has fallen from 22% in 2005-2014 period to 7% since then. +4. **Cooperative banks:** 1539 urban cooperative which manage about 3.5% of funds manged by SCBs. rural cooperatives are categorized in two sections - short term lending institutions, and long term lending institutions. 11l crore managed by short term lending institutions. Almost 40% of them are losing money on consistent basis. Long term lending institutions are state co-op agriculture & rural development banks (SCARDBs) and primary co-op agriculture & rural development banks (PCARDBs) which look after 66k crore of funds. this shows lack of investments in rural section. they are controlled by NABARD and they too are losing money. +5. **NBFCs are second most group after SCBs**\- managing 34l crore - mainly active in providing vehicle loans, personal loans, infrastructure financing. two NBFCs - deposit taking(65 now) and non deposit taking NBFCs (9,425 now out of which 274 are classified as systematically important as they handle 500cr+). Housing finance companies(99 in number now) came under RBI last year - managing 15l crore. NBFCs growth in last 2.5 FYs has been good - 20% in FY19, 9% in FY20 and 6%in first half od FT21. They are sourcing money from banks at this point. banks' exposure to NBFCs has increased by 50% in Fy20. +6. **AIFIs** were created to meet long term financing needs of agriculture, trade, housing and small industries. ICICI and IDBI were AIFIs earlier. 4 AIFIs present in today's date - NABARD, Small Industries Development Bank of India - SIDBI, National Housing Bank - NHB, and Export Import Bank of India - EXIM. they used to provide loans to strategic sectors in their early days, but the business model turned out to be unsustainable. most of their business in taken over by banks now. They are now used as tool by GoI to give assistance for agricultural needs or low cost housing. They manage about 9.5l crore of funds. +7. **PDs(Primary Dealers)** help RBI in sale of govt bonds. total worth of bonds and treasury bills during FY20 was around 21l crore. PDs sold worth of about 12l crore. +8. Despite a plethora of financial institutions, SCBs account for about 75% of funds managed reflecting their criticality to the financial sector. In terms of profitability, while SCBs and NBFIs are profitable, RCBs (rural cooperative banks) face significant stress. Clearly, operating at the primary level has put stress on their operations. Yet, RCBs play an important role in meeting the objective of financial inclusion as more than 60% of their credit flows to small farmers. Despite the inefficiencies, these institutions cannot be wished away although there is scope to improve efficiency. An alternative could be building synergies with SCBs, who could provide technological and training support while leaving operational issues to the RCBs. +9. **How these Institutions are intertwined:** network of institutions such as banks, NBFCs, HFCs, Insurance companies, MFs etc. connected as borrowers or lenders. The interconnectedness helps them channelize savings into investments and enable economic growth. However, this can also act as channel for risk transmission in case of failure as seen in the recent episodes of IL&FS, Yes Bank, DHFL etc. while these failures affected individual lenders, that did not escalate any further. + +>**Impact of it on stability of the sector:** As per the latest RBI financial stability report, mutual funds industry lent Rs 7.1l crore (net) to other FIs at the end of Sept’20, significantly lower than Rs 8.8l crore at the end of March’19, reflecting the risk aversion. This constituted 26% of their total corpus, substantially lower almost 40% two years ago. (Rest of their funds is deployed in equity market, government securities etc.). Insurance industry is the other funds surplus segment providing Rs 5.9l crore, marginally higher than Rs 5.7l crore a year ago. Interestingly, while insurance industry has deployed close to 60% of their funds on long term basis, MFs have deployed only 37%. This is so because cash outflow for insurance industry is longer term in nature unlike in case of MFs which are exposed to short term redemption possibilities. (MFs actually faced severe redemption pressure in March/April this year at the onset of Covid-19, with RBI coming to their rescue and proving much needed funds). NBFCs are on the other side of the give-and-take equation receiving maximum funds at Rs 8.4l crore, up from Rs 6.7l crore. Banks share in total lending has gone up to 51.5% in Sept’20, significantly higher than 47.2% in Sept’18, just before the IL&FS crisis hit. Interestingly, there is a significant change in the composition of lending, reflecting better risk management by lenders. Commercial papers (CP), an unsecured from of lending, which accounted for 13.1% of total lending in Sept’18 has seen its share decline sharply to only 4% by Sept’20. In a trend indicating declining risk, inter-bank market has shrunk from Rs 6.8l crore in March’17 to Rs 4l crore by Sept’20. As a percent of total banking assets, the decline is even more prominent, from 6.2% to 2.9% during this period and sharp decline from 9.2% in March’13. The percent figure is important to note since it is lower than the equity capital banks are required to hold and implies that depositors’ money is not at risk in inter-bank transaction. For Indian banking industry, the connectivity ratio has marginally moved up to 20.2%, up from 19.7% in March’20 but down from about 25% in March’15. This roughly means out of a group of five banks, only one bank has borrowed that too, from only one bank. Cluster coefficient stands at 39.7%, marginally down from 40.5% a year ago. The coefficient has been largely constant in the range of 40-42% over last five years. As per an IMF paper, connectivity ratio across global banks had gone up to as high as 79% before 2008 crisis. + +***So, all in all, looking at the relative positioning of Indian financial sector, worst seems over.*** + +Disclaimer: Above views/points are not entirely my analysis/finding. They are compiled from different sources(including memory) - RBI reports, indianeconomyandbusiness, ET-prime, and Mint. +Remember that the entire stock market is owned and operated by private businesses. The NYSE, NASDAQ, DTC, Cede Co, IEX...all private (non-government) companies. Hell, even the Federal Reserve has just about as much to do with the Federal Government as Fed(eral) Express. The only relationship between the stock market and the government is the SEC, which is doing a terrible job simply because they don't understand the stock market as well as the owner/operators do. + +Netflix didn't have to ask for Blockbuster's permission to start its movie rental company. + +Tesla didn't have to ask Ford, GM, Honda, Toyota for permission to build and sell cars. + +Google didn't have to ask Yahoo!'s permission to create a search engine. + +Youtube didn't have to ask RealPlayer or Quicktime if they could make a video streaming service. + +Likewise, GameStop, Loopring, RC, whoever, doesn't have to ask the NYSE, DTC, or Citadel for permission to create a decentralized exchange build on the blockchain. They can just do it, and, if their offering better meets the needs/wants of their target market, clients will move over to the new system. + +Upsetting entire industries happens on a pretty regular basis, and it doesn't even have to be based on revolutionary new technology. Netflix used one of the oldest institutions in America to kick off its business: the post office. Yes, quite literally, Netflix started from some dude in his garage, sending DVDs through the mail. But when a revolutionary technology is used, the impact is heavy and far reaching (think Tesla). Electric cars will own the vast majority of future marketshare for a number of different reasons (cleaner, cheaper to maintain, easier to manufacture, etc), but most prominently (IMO) because it just makes sense to stop burning fossil fuels as a personal energy source (ICE engines are dirty, expensive, and incredibly inefficient; something like 90% of the energy is lost as heat). + +We have reached this point in history where it just makes sense to move to a new model for the exchange. While DEX and CEX will run in tandem for a while (just like electric and gasoline vehicles are running in tandem), DEX is clearly the future because of the inherent weaknesses of a CEX. GameStop is just the company that saw the opportunity and grabbed it by the throat. ANY company could have done this. Facebook could have done it, Amazon could have done it, RadioShack could have done it. But Zuck and Bozos were too busy being scumbags to think 45 seconds into the future. It would have made tons of sense for the DTC to pull its head out of its ass and build a DEX 5-10 years ago (or at least include, I dunno, serial tags on all digital certificates), but they were too busy giving handjobs to congress, thinking the gravy train will never run out of fuel. + +ANY company could have done this. But GameStop and RC (and several key partners) was the one to do it, simple as that. The juggernauts who have been running this ponzi scheme for well over 200 years know this will be their demise and now they're scared. We have them by the balls. We are making history. + +It will be amazing to tell your grandkids that you helped create the platform to buy and sell stocks (and movies, and music, and games, and pretty much everything else digital). + +Edit: this is getting some traction, let me address one other point real quick. I've heard people say that we are getting our hopes up with the expectation of a stock market replacement platform, that the supposed "NFT Marketplace" isn't going to replace the stock market. Here is an example of tech crossing into new frontiers: [https://www.ces.tech/Articles/2021/May/The-AI-Pastry-Scanner-That-Is-Now-Fighting-Cancer.aspx](https://www.ces.tech/Articles/2021/May/The-AI-Pastry-Scanner-That-Is-Now-Fighting-Cancer.aspx) + +"*An artificial intelligence scanner system made to differentiate more than 50 types of pastries and bread is now being utilized in the health care field to detect cancerous cells.*" +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! + +Kiba Inu is multi-chain project on both ETH and BSC and you can bridge between the 2 networks. It's not just a meme token as we are building utility unmatched in the crypto space.(see below). If you are on the fence still even after reading everything here, I urge you to join the Telegram channel. There is a wealth of information there along with a bunch of Crypto OG’s. The dev team is always on vc. Monday was the very first Kiba Twitter Space and there were over 700 participants. Kiba Inu has the strongest community backing In the space! GUARANTEED🔥 + +\&#x200B; + +&#x200B; + +✅22,500+ BSC | ETH Holders + +✅12,500+ Twitter Followers + +✅5000+ Telegram Members + +✅Partnership with [Superbid.io](https://Superbid.io) + +✅Exchange listing at Bitmart Exchange + +✅Partnership with Ryan Garcia + +✅Partnership with Tory Lanez + +✅Partnership with Jake Paul + +✅Partnership with Collin Sexton + +✅Billboard purchased near entrance of SpaceX + +✅Other exchanges in the works + +&#x200B; + +😳😳😳😳😳😳😳 + +&#x200B; + +**TOKENOMICS** + +Total supply = 1,000,000,000,000 + +&#x200B; + +🚨Sells within the first 24 hours of initial purchase will be taxed 25% to punish sellers and increase Kiba Inu's value.\* + +&#x200B; + +🚨1% Reflections 8% Marketing Wallet🚨 + +🔥UTILITIES UNDER DEVELOPMENT🔥 + +&#x200B; + +💰**Kiba Swap**💰 + +Kiba Swap is more than just a place for holders to swap for $KIBA tokens. Kiba Swap supports BSC and ETH networks to support both chains where Kiba is available currently. + +&#x200B; + +🚨**Kiba Charts**🚨 + +Kiba Charts is a utility that allows for viewing of charts & transaction data related to any token currently available to be imported into uniswap and Pancake Swap.This allows our users to not have to leave KibaSwap to go to another platform like Dextools, Defined,Poocoin etc. + +&#x200B; + +🔥**Kiba Fomo**🔥 + +This small piece of utility allows users to see tokens recently listed on Polygon, Uniswap, BSC, and more. It is powered by \[[tokenfomo.io](https://tokenfomo.io)\]([https://tokenfomo.io](https://tokenfomo.io)) + +&#x200B; + +♥️**Kiba Honey Pot Checker**♥️ + +The honey pot checker will run a test buy and sell from any contract of your choosing. We run the test via code, and will alert the user if it is a honey pot, delayed honey pot, and also when its safe (not a honey pot). It allows viewing the buy and sell taxes of the contract you're checking. The honey pot checker also supports both BSC and ETH chains + +&#x200B; + +🚨🚨**LINKS**🚨🚨 + +\&#x200B; + +BNB Chart \[[https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180](https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180)\]([https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180](https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180)) + +&#x200B; + +ETH Chart \[[https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104](https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104)\]([https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104](https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104)) + +&#x200B; + +\&#x200B; + +&#x200B; + +TG Portal - \[[https://t.me/KibaInuGlobal](https://t.me/KibaInuGlobal)\]([https://t.me/KibaInuGlobal](https://t.me/KibaInuGlobal)) + +Announcement Channel - \[[https://t.me/kiba\\\_eth\\\_official](https://t.me/kiba\_eth\_official)\]([https://t.me/kiba\_eth\_official](https://t.me/kiba_eth_official)) + +Chinese TG - \[[https://t.me/KibaInuCHINA](https://t.me/KibaInuCHINA)\]([https://t.me/KibaInuCHINA](https://t.me/KibaInuCHINA)) + +Website - \[[https://kibainu.space/](https://kibainu.space/)\]([https://kibainu.space/](https://kibainu.space/)) + +Twitter - \[[https://twitter.com/KibaInuKiba/](https://twitter.com/KibaInuKiba/)\]([https://twitter.com/KibaInuKiba/](https://twitter.com/KibaInuKiba/)) + +Reddit - \[[https://www.reddit.com/r/kiba\\\_inu/](https://www.reddit.com/r/kiba\_inu/)\]([https://www.reddit.com/r/kiba\_inu/](https://www.reddit.com/r/kiba_inu/)) + +KibaBridge - \[[https://www.kibabridge.com](https://www.kibabridge.com)\]([https://www.kibabridge.com](https://www.kibabridge.com)) +It's been roughly 6 hours and we're nearly at 2000ETH.. GONE. + +I didn't expect it to burn so quickly! I'm officially a hyperbull. + +The future is looking good boys, congratulations for being a part of it. +I made a career switch from bartending which was WONDERFUL money but soul sucking in so many ways, to behavioral therapy for children with autism and I may make a lot less money but I am doing good. It won’t be this hard forever but it’s definitely not an exciting weekend. +EDIT: I am completely overwhelmed with the positivity I’ve received from you all. This job is 100% worth the struggle. It will pan out :) I’ll update tomorrow after I take my exam. +EDIT 2: I PASSED MY EXAM!! (Pass/fail of 80% or higher) so I will be getting a raise!! Thanks again you guys! +Hi all! Looking to purchase our first home (primary residence) and going with a conventional loan with 3% down. + +Example: (estimate per Zillow calculator) + +Home value: 270k +30 year mortgage, monthly payment $1,700, total interest $174k +15 year mortgage, monthly payment $2,400, total interest 80k + +Ive been contemplating on the benefits of saving roughly 94k in interest by selecting a 15 year compared to a 30yr. The goal is the own the asset as soon as possible and grow our wealth. If we did select to go with a 30 yr loan the goal would to invest the difference in other investments but not sure if it's worth the ROI. My math shows we could add about $8,400/yearly in addition investments if we select a 30yr. Do you think that cash can work harder then a primary residence?? + +Any feedback or thoughts are welcomed! Thank you +Many of them are in the 3-5% div range. There are others with much higher divs that I don’t see recommended that I’ve found and I’m really curious why. I’m fairly new at investing myself so maybe I’m missing something. Here are some of the tickers I’m talking about.... + +USOI- cash monthly div +IVR +CIF- cash monthly div +DX +MLPA +SHLX +PSXP +NLY +LUMN +EFAS + +There are others, but these seem to be doing well for me and some are very low priced so if you have a couple of extra bucks left over after a trade, you can put them to work. + +Full disclosure.... none of my self-directed trading effects my retirement and I understand that people planning for retirement are looking for less risky investments for the most part. + +*edit* spelling +[https://www.nytimes.com/2020/09/03/us/politics/google-antitrust-justice-department.html?action=click&module=Top%20Stories&pgtype=Homepage](https://www.nytimes.com/2020/09/03/us/politics/google-antitrust-justice-department.html?action=click&module=Top%20Stories&pgtype=Homepage) + +Key Excerpts: + +&#x200B; + +>The Justice Department plans to bring an antitrust case against Google as soon as this month, after Attorney General William P. Barr overruled career lawyers who said they needed more time to build a strong case against one of the world’s wealthiest, most formidable technology companies, according to five people briefed on internal department conversations. +> +>Justice Department officials told lawyers involved in the antitrust inquiry into Alphabet, the parent company of Google and YouTube, to wrap up their work by the end of September, according to three of the people. Most of the 40-odd lawyers who had been working on the investigation opposed the deadline. Some said they would not sign the complaint, and several of them left the case this summer. + +&#x200B; + +>Brianna Herlihy, a Justice Department spokeswoman, declined to comment on the continuing investigation. Jose Castaneda, a spokesman for Google, said that the company would “continue to engage with ongoing investigations” and that its business practices enabled “increased choice and competition.” + +&#x200B; + +>The Justice Department amassed powerful evidence of anticompetitive practices, three people said. +> +>But the lawyers also described internal politics that at times slowed down the department’s work or drove a wedge among members of the team. + +&#x200B; + +>For nearly a year, dozens of Justice Department lawyers and other staff members worked in two groups, each overseeing a separate line of inquiry: Google’s dominance in search and its control over many aspects of the ecosystem for online advertising. + +&#x200B; + +>Google controls about 90 percent of web searches globally, and rivals have complained that the company extended its dominance by making its search and browsing tools defaults on phones with its Android operating system. Google also captures about one-third of every dollar spent on online advertising, and its ad tools are used to supply and auction ads that appear across the internet. + +&#x200B; + +TL;DR: Antitrust scrutiny of Big Tech seems to have picked up with Google in the Trump Administrations crosshairs. Despite broad bipartisan support in Congress and amongst 50 state AGs, there seems to be some politicking, or at least the appearance of such, that could slow down the government's case. AG Barr wants to file charge against Google by the end of September. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I recently received a loan for $xx,xxx and the loan was routed to my personal checking account but the next day my bank account was restricted. I can’t log in online or do anything for that matter I basically don’t have a bank account and Or money until the situation gets resolved. My paychecks are still being deposited but I can’t even touch the money I don’t know what to do help. + +Edit: I talked to the bank and they said the situation should be resolved as quick as 2 business days and well up to 10 days. It’s been 4 days so far but I can’t wait I got bills to pay! + +Edit2: I just want to thank everyone in this thread all of your advice was taking wholeheartedly. Apparently (without giving up to much information) the deposit was made with the wrong information, really didn’t know that was possible but so be it seems I have to wait the 10 days... +Using a burner account. Here's my situation I have a high networth $10 million so far. However my company (I'm the CEO) recently was acquired for $75+ million. Which will more than 5x my networth. + +I'm curious how other publicly and easily identifiably rich people deal with building relationships, find new friends or deal with any social interactions and how do you go about it? While avoiding people who only want your money. I've thought of abbreviating my name to some extent so if I'm Google searched it won't pop up. Tough because I'm also somewhat famous on social media so they may already recognize me. + +Any thoughts and ideas are appreciated. +Title says it all. After years and years of struggling to live paycheck to paycheck, I spent >$9000 to pay off debt that has had a stranglehold on my finances for years. I paid off credit cards, medical debt, a phone plan that my parents put in my name and didn't pay( learn from me, be better), paid my car payment 2 months ahead, and I even paid the rest of my car insurance premium so I don't have to worry about that for 6 months. My parents never taught me how to handle money mostly because they were so poor that they didn't know how either, but i've learned over the past 7 years of being an adult that being poor is EXPENSIVE. I couldn't tell you how many thousands of dollars i've paid in late fees, overdraft fees, minimum payments on my CCs just to keep the balance the same the next month! It never ends. Once you're living paycheck to paycheck, there's very few ways to get out and after getting rid of it all, I now have $600 extra a month to save for a house which is my next goal. I hope one day everyone who is struggling like I was get to know the same feeling I feel. +Wasn't sure if there was a way to take advantage of stop by limit buys trailing buys any of that kind of stuff.. or if there was a way to look at the asks and bids or anything else obviously I want to buy as many as possible for as cheap as possible.. not looking for financial advice just curious theoretically what somebody might do or might look for.. thank you. +&#x200B; + +https://preview.redd.it/uf0429x3z6571.png?width=1600&format=png&auto=webp&s=43acc7118aad55a184dad517a41cf1f621cc7220 + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/69g2igt5z6571.png?width=680&format=png&auto=webp&s=77732a63619bc1c661cee692d2f84c22951b3110 + +Good Morning Everyone! + +I hope everyone has had a great weekend, Are you guys enjoying e3 as much as I do ? + +First let me start with something simple, because MSM has been reaching out to people for interviews and such. + +We are not a collective, the term WE here is used as the "royal we", I just like the stock and others just happen to like the same stock. We also don't do politics, religion or anything else as all these things don't matter here, we just like the stock that's it. therefore there are no leaders or spokespersons. + +The mod team has declined doing interviews at multiple occasions and will continue to do so until this is over. + +&#x200B; + +https://preview.redd.it/pijcimzr07571.png?width=557&format=png&auto=webp&s=0c3970f72b06e9e7ba7f6050d02cc25d736004f2 + +# the Reverse Repo's are looks to be related to GME + +wrinklebrain u/jaybaumyo wrote a thread [here](https://www.reddit.com/r/Superstonk/comments/nyqnqh/so_the_reverse_repos_are_definitely_related_to_gme/) + +It shows how the reverse repo's seem to have a correlation between GME and the height of the repo's. + +I've not personally had the chance to fully check this or see in how far the correlation goes, I do however remember that there was a rule change where bigger guys (SHF banks etc) could no longer use "junk bonds" as collateral, so this is why we might see an increase in the Reverse Repo, or maybe not, if you know more about this feel free to jump in that thread and help find out what's going on. + +&#x200B; + +https://preview.redd.it/7nfjkkey27571.png?width=960&format=png&auto=webp&s=d39667794b4c91de733f07c733e323db92b69f3d + +The reverse Repo's have another all time high, 547 billion... damn kenny that's actually impressive. + +There have also been some other threads made finding some sort of correlation between reverse repo's/crypto's/GME + +which you can find [here](https://www.reddit.com/r/Superstonk/comments/nz0fsz/i_found_a_correlation_in_why_reverse_repo_rates/?utm_medium=android_app&utm_source=share) + +&#x200B; + +https://preview.redd.it/3vb9txy237571.png?width=960&format=png&auto=webp&s=62a75cffe1dede500734d0adf7f6ed4ce6940a27 + +# Short Volume Ratio Update + +All thanks for this goes to AntihalationGod, he's been compiling public data and is kind enough to share this with everyone. + +[https://twitter.com/annihil4tiongod/status/1403841990387720193?s=27](https://twitter.com/annihil4tiongod/status/1403841990387720193?s=27) + +https://preview.redd.it/qjdftlqh37571.png?width=4096&format=png&auto=webp&s=fc06397ee3900fc8597152763ed720d67bc6fa20 + +&#x200B; + +https://preview.redd.it/rnqs7rkk37571.png?width=4096&format=png&auto=webp&s=c88b430d2f0ef7debe905fd95cb2148017a93ec5 + +&#x200B; + +https://preview.redd.it/4trsjrxl37571.png?width=4096&format=png&auto=webp&s=602eca55301ac188c0fea017fc91de4cef29877e + +# What is driving the t+21 cycles? + +u/criand made a big thread [here](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +it goes into the t+21 cycle, what drives it how the ETF's fall into place with it etc. + +I feel like giving work like this a TLDR version but eum.... brrrrr + +Also there is a theory that this is what RC has figured out as well or at least thats what [this thread](https://www.reddit.com/r/Superstonk/comments/nycuk4/cohen_has_reached_the_same_conclusion_as_ucriands/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) goes over + +https://preview.redd.it/sf80m37m47571.png?width=960&format=png&auto=webp&s=ae2e622c8bf587d081a29bbfd51dbc3601cb37b6 + +# Voting + +There is a thread going on [here](https://www.reddit.com/r/Superstonk/comments/nwv7vb/possible_evidence_of_manipulation_of_the_vote/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) which goes into the difference of the voting we have seen this year in comparison to 2020, it shows that the 2020 was consistent, yet 2021 is not... + +Again I know you can't see the total amount of votes on an 8k and with the current SEC probe we wont hear the actual numbers for a while so we'll just have to refer to the ol' reliable + +&#x200B; + +https://preview.redd.it/1fk6kgyv57571.png?width=640&format=png&auto=webp&s=69a0be6b287fd8f7d4d8a491031b8aebb0393d4c + +Also u/gr8sking did some quick maths + +&#x200B; + +https://preview.redd.it/ijo10g9y57571.png?width=760&format=png&auto=webp&s=7b4abbad108e1bc832b3bd2f763ee6af71e9894e + +just something to keep in mind 😉 + +Also if you're new be sure to give [this thread](https://www.reddit.com/r/Superstonk/comments/ny8mk8/the_infinity_squeeze_thesis_summary_and_breakdown/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) a read, it goes over the basics and can help the new apes understand everything a bit better. + +&#x200B; + +https://preview.redd.it/fyu35fjs67571.png?width=554&format=png&auto=webp&s=620fdf65ec681f137c1571a2e7dadb63eadbabc2 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/7h05xepu67571.png?width=400&format=png&auto=webp&s=f5a4731f612cab20a8344eb50ffd80c08d5cd059 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) +# + +[Credit to u\/bluestar4u for the meme](https://preview.redd.it/ufchoh4nylv71.jpg?width=677&format=pjpg&auto=webp&s=6e0f9bbf64523fe907a10d3d79a01b4fc07411b1) + +\--------------------------------------------------------------------------------------------------- + +# Archived Versions + +Dave Lauer Twitter Space + + +[https://www.youtube.com/watch?v=UBCz6W7WGN0](https://www.youtube.com/watch?v=UBCz6W7WGN0) + + +Official Youtube Channel + + +[https://www.youtube.com/watch?v=0EIpcCdBK-U&t=3300s](https://www.youtube.com/watch?v=0EIpcCdBK-U&t=3300s) + +Thank you u/RestartingMyLife0918 for providing the link! + +\--------------------------------------------------------------------------------------------------- + +# Watch Live Here + +[https://www.youtube.com/watch?v=0EIpcCdBK-U](https://www.youtube.com/watch?v=0EIpcCdBK-U) + +Dave Lauer is also hosting a twitter space discussing this lawsuit live. Please dont forget to keep a muted tab open for the official stream to show our numbers if you would like to listen to the hearing with commentary. + +[https://twitter.com/dlauer/status/1452291952221773824?s=21](https://twitter.com/dlauer/status/1452291952221773824?s=21) + +\--------------------------------------------------------------------------------------------------- + +# Learn More Here + +As Citadel Securities argues that they not only execute the majority of retail orders but also REPRESENT the interests of retail traders they are currently suing the SEC for the approval of IEX's new D-Limit order type. + +[https://www.sec.gov/rules/sro/iex/2020/34-89686.pdf](https://www.sec.gov/rules/sro/iex/2020/34-89686.pdf) + +This was designed to bring more transparency to lit markets and protect individual investors from predatory arbitrage. Dave created a fantastic thread a week ago explaining all of this. Please check it out. + +[https://www.reddit.com/r/Superstonk/comments/qaqv7z/citadels\_lawsuit\_against\_the\_sec\_over\_iexs\_dlimit/](https://www.reddit.com/r/Superstonk/comments/qaqv7z/citadels_lawsuit_against_the_sec_over_iexs_dlimit/) + +More information from IEX + +[https://iextrading.com/docs/IEX%20D-Limit%20Overview.pdf](https://iextrading.com/docs/IEX%20D-Limit%20Overview.pdf) + +Articles discussing the lawsuit + +[https://www.wsj.com/articles/citadel-securities-sues-sec-for-approving-new-stock-order-type-11602889484](https://www.wsj.com/articles/citadel-securities-sues-sec-for-approving-new-stock-order-type-11602889484) + +[https://www.reuters.com/article/us-citadel-securities-sec-iex-group-laws-idUSKBN27201E](https://www.reuters.com/article/us-citadel-securities-sec-iex-group-laws-idUSKBN27201E) + +[https://www.cnn.com/2021/02/04/investing/wall-street-robinhood-citadel-iex/index.html](https://www.cnn.com/2021/02/04/investing/wall-street-robinhood-citadel-iex/index.html) + +\--------------------------------------------------------------------------------------------------- + +# Looking for the DRS post that was stickied earlier? Find it here: + +# [https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) +In the USA, we've had to bail out the airline industries and grant loans to small businesses. Many industries are getting adversely impacted due to this. However, it doesn't seem like Europe is getting impacted as much as the USA in terms of unemployment rate, bankruptcies, and their stock markets. + +Why is this? +Hi all, Blanderson here, back this time with all the DD you wanted in a story you didn't ask for. + +Here are 100+ DDs that have shaped the GME saga. + +This is the story of you, Apes, and the DD writers who have held us together and made us proud. As always, I hope you will enjoy. + +I polled the Daily Chat about the name of this post and wanted to shout out some of the top alternatives. + +u/scrollwheeler \- "The Snoop Scoop" + +u/jaxpied \- "🍌🚀" + +u/Hefaystos \- "Another useless DD that has nothing smart inside and is nothing more than karma farming." + +All very strong contenders, tbh. + +💎🙌🦍💗🚀🚀 + +Lately I have seen a lot of new Apes joining the community, but confused about where to start. I have also seen Apes that need a bit of a confidence boost, or that just want to add a wrinkle about a particular topic so they can sleep better at night. And yes, even some shills get in on the action when they think they can use it to drive a wedge in the community. I literally saw two MOAFUDs in the Daily Chat last night while on patrol. + +And you know what, I often find myself unable to answer their questions satisfactorily. I know that *at some point in the past* I came to understand or believe a piece of the puzzle -- SI% is Fake, shorts haven't covered, MOASS inevitable, for example -- but my diamond mind had forgotten the source of its strength. + +In my opinion we want to welcome as many new Apes into the fold as possible, and we want to be able to parry any FUD quickly with a link to the 💎🙌 facts and arguments. + +That's what this guide is for. + +**tl;dr: A chronologically and topically organized guide to the DD that explains the situation at hand and the history of the Apes' contributions to one another. This can be used to quickly get new Apes up to speed, or to confidently shoot down FUD and leave evidence for those who find the comments and posts later.** + +I selected DD that I think tells the story of how we got from there to here, as simply and clearly as possible. It's meant to be all the DD necessary to explain the Ape mantra: + +Buy. HODL. Vote. Shorts must cover. MOASS is inevitable. + +Oh yeah, and just for fun I organized it like an RPG campaign guide, combining backstory with mechanics and an actual play report. I know, I can be a little extra at times. + +You'll have to forgive me writing my own character in. I might be one of those annoying GMs that falls too in love with their own character. It's all in good fun, and as always I'm proud to be one among the many (the all!) that have made us stronger together. + +This is not an exhaustive list and I'm happy to add to it if I missed something. Let me know in the comments. The fact that this is such a limited-yet-still-overwhelming amount of DD fills me with such gratitude for everyone that has contributed to this journey, including those not named here, the silent HODLers, and everyone else I wrote about in [my poem at the end of Wargame Theory II](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/). Just the DD produced in the last week is mindblowing and has its own section. + +In addition to a handy guide, I hope this will forever be a fun way to remember a small fraction of what we've built here. + +Love you Apes. 💕🦍🦍🦍🦍💕 + +\--Blanderson + +# Overview of the Campaign + +*The first link contains a glossary of key terms and basic overview of the GME story from 2019 to the present. The second link is a broad overview of how GameStop, $GME, the Apes, and retail have been deceived and attacked over the past two years.* + +*These are included for 0-level Apes who are just joining the party. Reading them will give you enough experience to hit Level 1 and start the DD adventure!* + +Ryan Cohen + +[Letter to the Gamestop Board of Directors](https://www.reddit.com/r/Superstonk/comments/nnq2uy/psa_to_new_apes_ryan_cohens_letter_to_gamestop/) \- Nov 16, 2020 + +HCMF_MaceFace + +[The Mother of All Short Squeezes (MOASS) Thesis Summarized](https://www.reddit.com/r/Superstonk/comments/nletnn/gme_the_mother_of_all_short_squeezes_moass_thesis/) \- May 26 (best place to start) + +frugihoyi + +[The Mother of All GME Summaries for the Smooth Brained](https://www.reddit.com/r/GME/comments/mk46c5/the_mother_of_all_gme_summaries_for_the_smooth/) \- Apr 4 + +TitusSupremus + +[One DD to Rule Them All](https://www.reddit.com/r/wallstreetbets/comments/kz7ygv/gme_dd_one_dd_to_rule_them_one_dd_to_find_them/) \- Jan 17 (amazing historical post!) + +FfMCaR + +[Anatomy of a Short Attack](https://www.reddit.com/r/Superstonk/comments/mo9a9f/anatomy_of_a_short_attack_written_2014/) \- Apr 10 + +&#x200B; + +# Introductory Adventure: Mystery at WallStreetBets (Lvl 1-5) + +**Encounter 1: The WTF in Late January** + +>*"That's not a squeeze, this (MOASS) is a squeeze!"* + +*Whether you lived through it or arrived to the GME party fashionably late, this is a fascinating series of posts that read like a war journal written the week of the January blip. They also act as an introduction to technical analysis and the confusion people felt over how it all went down.* + +jn\_ku + +[Gamestop Big Picture: The Short Singularity Part 1](https://www.reddit.com/r/investing/comments/l5l413/gamestop_big_picture_the_short_singularity/) \- Jan 26 + +[Gamestop Big Picture: The Short Singularity Part 2](https://www.reddit.com/r/investing/comments/l6xc8l/gamestop_big_picture_the_short_singularity_pt_2/) \- Jan 28 + +[Gamestop Big Picture: The Short Singularity Part 3](https://www.reddit.com/r/investing/comments/l7qlfh/gamestop_big_picture_the_short_singularity_pt_3/) \- Jan 29 + +[Gamestop Big Picture: Technical Recap 1/25-1/29](https://www.reddit.com/r/investing/comments/l8jwsl/gamestop_big_picture_technical_recap_125_129/) \- Jan 30 + +&#x200B; + +**Encounter 2:** **Gremlins in the Squeeze Engine** + +*We follow jn\_ku over the next few weeks, as Gamestop spirals farther and farther away from technical analysis and everyone wonders, what's next? You can hear and feel the struggle that rational, technical traders felt regarding Gamestop during this period. The machine wasn't working, but they couldn't yet see the gremlins.* + +*To be fair, it was hard to concentrate as the distant echo of millions of Apes bubbled up through the air ducts like drums...drums in the deep.* + +*You can also see early evidence of shilling, or social attacks on and off Reddit, which* [will become one of the recurring enemies in this campaign](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/)*. Just like DFV, jn\_ku suffers ridicule, shaming, and aggressive attempts to scare him off talking about GME at all. Here's his beautiful response:* + +&#x200B; + +>I have to admit, I was conflicted about this, because the risk is very high, as I've always stated. +> +>That being said, I believe that participation in the market is one of the most important rights people should have, and equal participation in the market requires knowledge, transparency, and information. You are all free to make our own choices. Whatever others may say, You *will* make your own choices. At least we can try to help each other make those choices with the best information we have available. + +*Fucking legend.* + +*His persistence pays off, as he realizes early on that the MOASS is not only a dream, but a technical possibility. The Mother of All Short Squeezes is no macguffin, as the shills claim, but the priceless treasure that drives the entire campaign.* + +*Of course, our heroes still do not know how much acquiring that treasure could change the world. That came later.* + +jn\_ku + +[Gamestop Big Picture: Market Mechanics](https://www.reddit.com/r/investing/comments/l97jbo/gamestop_big_picture_market_mechanics/) \- Jan 31 + +[Gamestop Big Picture: Theory, Strategy, Reality](https://www.reddit.com/r/investing/comments/lasgrh/gamestop_big_picture_theory_strategy_reality/) \- Feb 2 + +[Gamestop Big Picture: Has the Game Stopped?](https://www.reddit.com/r/investing/comments/lbjzsn/gamestop_big_picture_has_the_game_stopped/) \- Feb 3 + +[Gamestop Big Picture: Evolution of a Trade](https://www.reddit.com/r/investing/comments/lcc24v/gamestop_big_picture_evolution_of_a_trade/) \- Feb 4 + +[Gamestop Big Picture: The Bigger Picture](https://www.reddit.com/r/investing/comments/leju1l/gamestop_big_picture_the_bigger_picture/) \- Feb 7 + +[Gamestop Big Picture: Final Thoughts](https://www.reddit.com/r/investing/comments/ljo7cp/gamestop_big_picture_final_thoughts/) \- Feb 14 + +&#x200B; + +*Finally, jn\_ku lays out the five pillars of the MOASS from which much of the technical and cultural DD will follow. This guy is like the Dead Sea Scrolls of the Ape Bible.* + +[Gamestop MOASS: No Tinfoil Required](https://www.reddit.com/user/jn_ku/comments/m4fnfg/gamestop_moass_no_tinfoil_hat_required/) \- Mar 13 + +&#x200B; + +*With the MOASS a confirmed possibility, and armed with a treasure map in the form of technical analysis, our heroes set off to claim that which should have been theirs. But something seems off about the map. Lines and images shift as quickly as they are followed. Going up takes them down, in contrast to all normal market mechanics. They can never quite get where they are going.* + +*They consult an oracle, who tells them to look for turmoil in other lands for a sense of what is coming.* + +Tucker-French + +[Detecting Squeezes Based on Regional Variance](https://www.reddit.com/r/GME/comments/lqrzau/detecting_squeezes_based_on_regional_variance_a/) \- Feb 23 + +&#x200B; + +*And lo! They found much turmoil, and for the next two weeks the price of Gamestop rose sharply. It seemed the oracle was right and the squeeze was on!* + +*Until, on March 10th, it all came crashing back down.* + +*But how? And who was behind this shadowy manipulation? The Apes would spend the next months convening sages and wizards from different lands about this dark magic that should not exist.* + +*What they found would change the way they see the world forever.* + +&#x200B; + +# Second Adventure: The Citadel on Loch Mihgn (Lvl 6-10) + +*This adventure introduces the campaign's main villain, Citadel Securities, and uncovers the fuckery afoot in the treasure map.* + +**Adventure Background** + +*The Apes found themselves in a strange position throughout February. Those who held through the dip to $40 were granted the title* 💎🙌 *and, as individual investors, chose to repeat the* 💎🙌🦍 *Mantra*: + +Buy. Hodl. The Shorts Must Cover. + +*They still had no idea wen moon, though, and shills had infiltrated the community to its highest levels. Tensions were running high, as the technical picture still wasn't clear and the lines on the map just kept squirming. Fear, Uncertainty, and Doubt were on the rise.* + +*In came an Ape with a particular set of skills, a master shill-hunter, to lend the Apes support and help them stay strong together.* + +Blanderson\_Snooper + +[GME Apes: A Cultural Due Diligence](https://www.reddit.com/r/Superstonk/comments/nhx7f2/gme_apes_a_cultural_due_diligence_prequel_to_the/) \- Mar 17 + +&#x200B; + +*The shill-hunter gave them this advice:* + +>Since the hedgies' primary weapon is hidden information, they are trapped. To wield their weapon is to lose it, and to lose it guarantees defeat. **The open, shared information of the Apes is the opposite.** It is a weapon that appears weak in the face of institutional authority and lies, but at least it can be wielded. And if wielded long enough, it forces the other side to flee the battlefield or admit defeat. +> +>This is how the squeeze gets squoze. + +*The Apes looked at the masterwork information they had gathered so far, and set out to enchant it with magical powers.* + +&#x200B; + +**Encounter 1: The Sages of Technical Analysis** + +*The Apes sought the Sages of Technical Analysis to add wrinkles to their very smooth brains. The first two sages they found were young and eager. Believing the MOASS to be at hand, they tried to teach the Apes how to individually unlock the MOASS treasure vault.* + +WardenElite - [Exit Strategy (partial)](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/) \- Mar 7 + +NHNE - [Exit Strategy (partial)](https://www.reddit.com/r/GME/comments/m0r4kg/gme_exit_strategy_here_is_what_i_not_we_i_am) \- Mar 8 + +&#x200B; + +*The Apes found this information confounding at the time, because no MOASS seemed to be appearing on the map. As they went on their way, they came upon a strange sight: a robust, white-haired sage emerging from an outhouse, still wiping his $ASS with a treasure map just like the ones the Apes were holding. They had found a master, and in his (clean) hand he held a book!* + +HomeDepotHank69 + +[An Iliad of GME Technical Analysis and DD](https://www.reddit.com/r/wallstreetbets/comments/ma4oeo/an_illiad_of_gme_technical_analysis_and_dd/) \- Mar 21 + +&#x200B; + +*Now this book was a trove of knowledge most certain, but it could only describe what was happening, not explain it. Hank farted as the Apes ooked and aaked, and neither was sure what to make of the other. As a parting gift, or just to get them to leave, Hank told the Apes where to find the Wizards of Data Discovery, who could decipher the various forms of fuckery afoot on the map.* + +*The Apes sensed a lot of grinding and side quests ahead, and they weren't wrong. A list of new quests popped up on the Campaign Journal:* + +* *How deep in the hole were the shorts?* +* *How were they manipulating the price in the face of constant Ape buying pressure?* +* *How long could they keep manipulating the price?* +* *Could the shorts win?* + +*Before they could answer these questions, though, the enemy played a trump card. Shills infiltrated the moderation team of WallStreetBets and the Apes were forced to flee to the town of* r/GME\*. There, for a time at least, they would be safe to research and HODL together.\* + +&#x200B; + +**Encounter 2: The Wizards of Data Discovery and Analysis** + +*The Apes assembled the Data Wizards and each took on a quest, vowing to meet back at the Inn of the Last DFV Tweet in a few weeks' time. As soon as the Apes sent the wizards on their way, they began to ook and aak at memes until the front door of the inn SLAMMED open, revealing a bearded CannaBinoid wizard who bellowed, "Do you even know who you fight, you smoothbrained legion?!"* + +atobitt + +[Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) \- Mar 13 + +[Blackrock Bagholders, Inc.](https://www.reddit.com/r/GME/comments/m7o7iy/blackrock_bagholders_inc/) \- Mar 18 + +&#x200B; + +*"Good lord!" thought the Apes. "Our enemy is vast, and the game is much larger than we thought. We must know what the wizards have found!"* + +broccaaa - [Why GME prices are Suppressed](https://www.reddit.com/r/GME/comments/m5k32p/why_current_gme_prices_are_suppressed_and_hedges/) \- Mar 15 + +Lancerevo012 - [GME Turnover Rate is 93%](https://www.reddit.com/r/GME/comments/m6m8fw/gme_turnover_ratio_at_93_rocket_is_fueled_primed/) \- Mar 16 + +animasoul - [Extremely Abnormal Negative Beta (shorts haven't covered)](https://www.reddit.com/r/Wallstreetbetsnew/comments/m6g8u4/extremely_abnormal_negative_beta_of_gme_evidence/) \- Mar 16 + +PM\_ME\_YOUR\_ZeU - [It's Not Just GME: Decades of FTDs Are About to Crash the Entire Market](https://www.reddit.com/r/GME/comments/mbiocm/it_isnt_just_gme_the_entire_stock_market_has_been/) \- Mar 23 + +animasoul - [Mystery of the Negative beta Solved - HFs are leveraged to the tits](https://www.reddit.com/r/GME/comments/mcwu5m/mystery_of_the_negative_beta_solved_hfs_are/) \- Mar 25 + +AlternativeNo2917 - [True Value of a GME Share is $7,300](https://www.reddit.com/r/GME/comments/me2dm1/true_value_of_a_gme_share_is_722783/) (and $10m is not a meme) - Mar 26 + +Unowned-Instruction - [SI is > %2000, GME is a $100 Trillion Bubble](https://www.reddit.com/r/GME/comments/mewkf8/thesis_si_is_upwards_of_2000_gme_is_a_100/) \- Mar 28 + +broccaaa - [The naked shorting scam revealed](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) \- Mar 30 + +dejf2 - [The SI% Is Fake](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/) \- Apr 1 + +&#x200B; + +*These investigations did wonders for the Apes' morale, as it became clear the hedge funds had no way out as long as the Apes never sold their shares. How long the game would go on was still anybody's guess, but the Apes were feeling good.* + +*But wherever Apes party, shills lurk in the shadows.* + +*One of the wizards had not yet returned, and the Apes were worried. Finally, dirty and bleeding, the missing wizard collapsed through the door.* + +*"I was attacked by shills on the road outside town. They fear what I have to say. It's...it's..." he gasped as pain took over his senses.* + +*"...worse than you thought?" Atobitt finished the unconscious man's sentence.* + +&#x200B; + +**Encounter 3: Investigating the Citadel** + +NorthBalance + +[Citadel May Crash the Market Through Naked Shorting ETFs](https://www.reddit.com/r/GME/comments/md69vo/dd_why_gme_went_up_today_and_how_citadel_may/) \- Mar 25 + +atobitt + +[Walkin' and Talkin' Like a Duck: Citadel's Business Model is Fraud](https://www.reddit.com/r/Superstonk/comments/ml48ov/walkin_like_a_duck_talkin_like_a_duck/) \- Apr 6 + +&#x200B; + +*Just then, one of the barmaids pulled a wand and a sword out from behind the bar and said, "Now that you know, I can't let you leave here alive." Shills sprang from every direction,* r/GME *was infiltrated just as WallStreetBets had been before. Was there no end to the Citadel's reach?* + +*The Apes chose to flee once again, this time to the land of* r/Superstonk *where they hoped they could decipher the map at last.* + +(Note: atobitt's [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) from Mar 30 fits into the story here, but I have put it at the end in the Epic Level Adventure along with other things that veer away from pure GME analysis into something much deeper.) + +# Third Adventure: A Race for Time (Lvl 11-15) + +**Adventure Overview** + +*Having explored WallStreetBets and found a most curious treasure map, the Apes assembled the most wrinklebrained among them to try and decipher it. Each time they get close to finding the treasure, some foul market magic sends them back to the beginning.* + +*A mysterious group called the FTD seems to be at the center of things, but they only emerge every few weeks for study. The nature of their magic is still unknown to the Sages and Wizards, who would be kept busy with these questions indefinitely.* + +*At the same time, two new forms of analysis emerge during April and May, focusing on the evolving cultural and political environment surrounding GME. As Apes learned of the corruption they were facing, several questions began to emerge:* + +* *Why is the SEC quiet on this?* +* *Why can we watch illegal activity on the ticker every day and nobody seems to care?* +* *How come Michael Burry deleted his Twitter after being visited by the SEC?* +* *Why are Ryan Cohen and Gamestop talking to Apes so much?* +* *How have we whittled the concept of 💎🙌 down to its simplest, most powerful form?* +* *How has our community made all the right choices along the way?* + +*So the Apes called in yet more allies: the Bards of Bureaucracy, to unravel the mystery of the missing MOASS, and the Clerics of Culture to help forge Apes into diamond-minded FUD-killers as well as diamond hands.* + +&#x200B; + +**Encounter 1: The Bards of Bureaucracy** + +*These Apes started looking into a flurry of newly proposed and/or passed rules within the SEC, as well as the nomination of Gary Gensler to be its new chief, for clues as to why the price of the stock moved how it did. Apes were losing faith in technical analysis at this point because the stock never behaved as it should. While the sages and wizards investigated the hidden rules of the market, the bards took a trip to Washington D.C.* + +c-digs - [Why Are We Trading Sideways? The Theory of Everything GME](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) \- Apr 5 + +Beebsgaming - [The Latest Possible Date the Short Squeeze Can Start](https://www.reddit.com/user/BeebsGaming/comments/mnmynz/amc_gme_the_latest_possible_date_the_short/) \- Apr 9 + +c-digs - [SR-OCC-2021-004: Why This Rule Change is Important and Possible Shell Games](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) \- Apr 9 + +Makataui - [Critical Thinking (from a Psychology academic)](https://www.reddit.com/r/Superstonk/comments/mtmqf3/critical_thinking_from_a_psychology_academic/) \- Apr 18 + +c-digs - [Why We're Still Trading Sideways](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) \- Apr 19 + +&#x200B; + +*What they found were a handful of rules that suggested it might be the government or long whales controlling the price rather than the shorts, or at the very least that it might be a tug-of-war between both parties.* + +***At some point could the longs have taken control of the game? If so, for what purpose and were the shorts even still involved?*** + +*Enter the Clerics of Culture to assure Apes that the game was still afoot, and that they were winning.* + +&#x200B; + +**Encounter 2: The Clerics of Culture** + +*As time went on, it became clear to the Apes that they were under constant surveillance and attack. They had gained 50,000 members in a matter of days, many of whom were certainly shills hiding amongst them. Enter the Clerics to guide them to the end of the journey.* + +Eff\_RobinHood - [Predatory Human Behaviors and Counter-Tactics](https://www.reddit.com/r/GME/comments/m56sb3/my_professionalacademic_background_has_been_in) \- Mar 14 + +ayyyybro - [A Running List of GME FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/) \- Apr 9 + +Jakob\_Xavier - [COINTELPRO Techniques for Dilution, Misdirection, and Control](https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro_techniques_for_dilution_misdirection/) \- Apr 16/20 + +Blanderson\_Snooper - [The GME Wargame: A New Theory of Everything (My Final DD)](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/) \- Apr 22 + +Blanderson\_Snooper - [The GME Wargame DD FAQ](https://www.reddit.com/user/Blanderson_Snooper/comments/myi3zb/the_gme_wargame_dd_faq/) \- Apr 25 + +Pimmeltitte - [Ways Out of the Impatience Trap - A Psychological View](https://www.reddit.com/r/Superstonk/comments/n10kku/ways_out_of_the_impatience_trap_a_psychological/) \- Apr 29 + +HomeDepotHank69 - [Helping You Understand Why MM/HF Would Take These Risks](https://www.reddit.com/r/Superstonk/comments/n42suk/hank_helping_you_understand_why_mmhfs_would_take/) \- May 3 + +&#x200B; + +**Encounter 3: Sages and Wizards Explain SI%, FTDs, and Other Fuckery** + +*At the same time, the wizards and sages had returned to fill Apes in on everything they had learned. The news was good, very good. Understanding the FTDs had led to the discovery of their mechanism for hiding them. Better still, that mechanism proved that not only had the shorts not covered, but that they had continued digging their hole every day since the January blip.* + +AlexanderHood- [Calculating SI from Married Put Remnants](https://www.reddit.com/r/Superstonk/comments/mtnohj/calculating_potential_short_interest_from_married/) \- Apr 18 + +augrr - [The Shell Game](https://www.reddit.com/r/Superstonk/comments/mvvmvp/time_to_expose_the_shell_game_ftds_can_be_reset/) \- Apr 21 + +augrr - [The Shell Game Pt2](https://www.reddit.com/r/Superstonk/comments/mwnnmj/the_shell_game_revisited_how_etfs_work_and_what/) \- Apr 22 + +ChefLambsauce1 - [Retail Easily Owns the Float](https://www.reddit.com/r/Superstonk/comments/mwskkv/retail_easily_owns_100300_of_the_remaining_float/) \- Apr 23 + +TheCaptainCog - [Retail owns at absolute MINIMUM 138 million shares](https://www.reddit.com/r/Superstonk/comments/myaxaw/update_retail_users_own_at_absolute_minimum_138/) \- Apr 25 + +augrr - [The Shell Game Pt3](https://www.reddit.com/r/Superstonk/comments/myn9vn/the_shell_game_iii_lifting_the_final_cups_for/) \- Apr 25 + +dejf2 - [Put Anomalies Pt1](https://www.reddit.com/r/DDintoGME/comments/n0ee7j/put_anomalies_pt1_were_127_million_synthetic/) \- Apr 26 + +eastrod - [A Method for Hiding FTD's with Useless Puts](https://www.reddit.com/r/Superstonk/comments/mzgtvx/a_method_for_hiding_ftds_that_uses_the_109mil/) \- Apr 28 + +broccaaa - [The naked shorting scam using ETFs](https://www.reddit.com/r/DDintoGME/comments/n1x75w/the_naked_shorting_scam_using_etfs_mass_shifting/) \- Apr 30 + +HomeDepotHank69 - [Huge FTD Cycle Update](https://www.reddit.com/r/Superstonk/comments/n1wqlg/huge_ftd_cycle_dd_update_from_hank/) \- Apr 30 + +Uncle Ziggy - [25 Reasons GME's Short Interest is High: A 6-Month Review](https://www.reddit.com/r/Superstonk/comments/n8lraz/25_reasons_why_gmes_shortinterest_is_high_a/) \- May 9 + +AlexanderHood- [May Update on the Married-Put Forensic Analysis](https://www.reddit.com/r/Superstonk/comments/nacqtm/may_update_on_the_marriedput_forensic_analysis/) \- May 11 + +Nice-Violinist-6395 - [Presenting the Big Four - A Citadel Shorting Algo Gone Wild](https://www.reddit.com/r/GME/comments/nay4zw/presenting_the_big_four_four_separate_stocks_four/) \- May 12 + + +&#x200B; + +*Of course, with that news the Apes now shifted their attention once again to exit strategies and figuring out when the MOASS might occur using ALL of the knowledge they had gained. The Endgame was here...again.* + +&#x200B; + +# Fourth Adventure: To the MOASS and Beyond (Lvl 16-20) + +*Superstonk's* [*non-monetized YouTube channel*](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) *has begun hosting live AMAs with journalists, lawyers, economists, activists, and fintech experts to discuss the GME situation. These have been valuable for clarifying and improving the Apes' information, and raising morale with seasoned reinforcements.* + +*May has been all about the slow march to the MOASS, preparing for executing our individual exit strategies, and dreaming about the future. We aren't dancing, we are adamant. We are diamond hands and diamond minds.* + +*Here's how Apes are gearing up for the final adventure.* + +&#x200B; + +**Encounter 1: Predicting the MOASS** + +WardenElite - [The Mother of All Wedges: An Endgame DD](https://www.reddit.com/r/Superstonk/comments/n5me5g/the_mother_of_all_wedges_an_endgame_dd_technical/) \- May 5 + +canhazreddit - [DTC Says No Margin Calls in Jan, i.e. Shorts Didn't Cover](https://www.reddit.com/r/Superstonk/comments/n6er77/holy_balls_from_the_dtcc_ceos_own_mouth_no_margin/) \- May 6 + +Tucker-French - [Variance Update](https://www.reddit.com/user/Tucker-French/comments/n6ldp4/56_variance_update/) \- (ignore his request to contact him.) - May 6 + +HomeDepotHank69 - [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/) \- May 6 + +Criand - [Shorts are Entering the Danger Zone](https://www.reddit.com/r/Superstonk/comments/n792mf/all_shorts_must_cover_theyre_entering_the_danger/) \- May 9 + +Leenixus - [FTD Cycle Reset Theory](https://www.reddit.com/r/Superstonk/comments/ne0a9n/theory_ftd_reset_cycles_whats_coming_next/) \- May 16 + +jollyradar - [SI Was Already Greater Than 140% in January](https://www.reddit.com/r/Superstonk/comments/ndn2vt/some_of_you_may_not_be_aware_but_gme_had_ftds_all/) \- May 16 + +&#x200B; + +**Encounter 2: MOASS Preparation Resources** + +oaf\_king - [Mental/Behavioral Preparation for a Short Squeeze](https://www.reddit.com/r/GME/comments/lzxbzm/be_adamant_some_reminders_for_managing_behavior/) \- Mar 7 + +Limecandi - [Therapeutic techniques for managing during the MOASS](https://www.reddit.com/r/GME/comments/mdnohu/repost_therapeutic_techniques_for_managing_during) \- Mar 26 + +socrates6210 - [The MOASS Preparation Guide](https://www.reddit.com/r/Superstonk/comments/mm5qle/the_moass_preparation_guide/) \- Apr 11 + +franciscogil90 - [Anatomy of a Short Squeeze and Why No Ape Will Be a Bagholder](https://www.reddit.com/r/Superstonk/comments/mos6zf/anatomy_of_a_short_squeeze_and_why_no_ape_will_be) \- Apr 11 + +Limecandi - [MF MOASS Level Up!](https://www.reddit.com/r/Superstonk/comments/mr12dk/mf_moass_level_up/) \- Apr 14 + +Anonymous - [An Ape's guide to self-care and anxiety management](https://www.reddit.com/r/Superstonk/comments/mrqgtg/an_apes_guide_to_selfcare_and_anxiety_management/) \- Apr 15 + +Nabolo - [Ultimate Exit Strategy](https://www.reddit.com/r/GME/comments/ms14au/ultimate_exit_strategy_price_action_selling_after/) \- Apr 16 + +Blanderson\_Snooper - [Compilation of MOASS and Exit Strategy DDs and Advice](https://www.reddit.com/r/DDintoGME/comments/n69qhp/compilation_of_moass_and_exit_strategy_dds_and/) \- May 6 + +mrrippington - [Game Theory to Maximize Gains](https://www.reddit.com/r/Superstonk/comments/n6wcum/an_apes_primer_to_decision_making_game_theory_vs/) (more complex) - May 7 + +HomeDepotHank69 - [Hank Visits GME's Bermuda Triangle](https://www.reddit.com/r/Superstonk/comments/n9vyr4/hank_visits_gmes_bermuda_triangle_gone_sexual/) \- May 11 + +2008UniGrad - [Moass Checklist R2](https://www.reddit.com/r/Superstonk/comments/nbdvii/moass_checklist_for_apes_things_to_think_about/) \- May 12 + +floodmayhem - [A Little HODL Game Theory About Trust](https://www.reddit.com/r/Superstonk/comments/nhsbwt/a_little_hodl_game_theory_even_the_smooth_apes/) (simpler) - May 21 + +Magistricide - [The MOASS is Not a Straight Line Up: Don't Paperhand](https://www.reddit.com/r/Superstonk/comments/njd8au/the_moass_is_not_a_straight_line_up_do_not_paper/) \- May 23 + +NHNE - [Total Exit Strategy Overview](https://www.reddit.com/r/Superstonk/comments/njrwwy/re_important_all_apes_need_to_read_this_to/) \- May 23 + +theshinster112 - [We Get Only One Chance (MOASS Analysis)](https://www.reddit.com/r/Superstonk/comments/nl4vur/we_get_only_one_chance/) \- May 25 + +DeepFriedDonkeyDick - [Visual Guide to Before, During, and After MOASS](https://www.reddit.com/r/Superstonk/comments/nnootv/apes_guide_to_prepost_moass_in_case_comms_go_down/) \- May 29 + +gherkinit - [Infinity War: The Final Exit DD Compilation](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) \- May 30 + + +&#x200B; + +**Encounter 3: Post-MOASS Planning Resources** + +Soluna7827 - [Post-MOASS: Financial Advisors, Tax Attorneys, CPAs, & Wills](https://www.reddit.com/r/Superstonk/comments/mutuhv/postmoass_an_indepth_examination_of_financial/) \- Apr 20 + +dodecaphonecism - [Attorneys and You: A Guide for the Newly Rich](https://www.reddit.com/r/Superstonk/comments/mzt5sm/attorneys_and_you_a_guide_to_the_newly_rich/) \- Apr 27 + +DeepFriedDonkeyDick - [Some of You Aren't Ready to Be Rich, And It Shows](https://www.reddit.com/r/Superstonk/comments/n0i3pr/some_of_you_arent_ready_to_be_rich_and_it_shows/) \- Apr 28 + +DamsellinDistress - [Being Rich is Easy, Staying Rich Isn't - Harsh Truths](https://www.reddit.com/r/Superstonk/comments/n3wdy1/being_rich_is_easy_staying_rich_isnt_harsh_truths/) \- May 3 + +&#x200B; + +**Encounter 4: The Week of May 17-May 23: Is the End Near?** + +tombq - [Glacier Capital Reveals New Short Position in GME](https://www.reddit.com/r/Superstonk/comments/neehh0/glacier_capital_letter_to_investors_states_they/) \- May 17 + +AdNo8854 - [Theory: Citadel is Hiding FTDs/Puts in Shell Companies](https://www.reddit.com/r/Superstonk/comments/nf8nsd/theory_glacier_and_other_new_hfs_are_just_shells/) \- May 18 + +daddysmemes - [In Regards to Glacier's Short Positions](https://www.reddit.com/r/Superstonk/comments/nf2kub/reposting_this_for_more_visibility_in_regards_to/) \- May 18 + +Criand - [FTD Loop Data](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/) \- May 18 + +Leenixus - [Are We In Runaway Train Mode?](https://www.reddit.com/r/Superstonk/comments/nf68lm/theory_are_we_already_in_runaway_train_mode_or_in/) \- May 18 + +c-digs - [The Brakes Might Be Off This Week](https://www.reddit.com/r/Superstonk/comments/nfagu1/this_week_might_be_it_the_brakes_are_possibly/) \- May 18 + +jale\_vm - [Suspicious Activity on German Exchange 3 Days In a Row](https://www.reddit.com/r/Superstonk/comments/ngl441/suspicious_volume_in_german_stock_exchange_xetra/) \- May 19 + +Blanderson\_Snooper - [Wargame Theory II: Mother of All FUD (MOAFUD)](https://www.reddit.com/r/Superstonk/comments/ng4ja0/wargame_theory_ii_the_mother_of_all_fud_moafud/) \- May 19 + +AlexanderHood- [May 19 Update on the Married-Put Forensic Analysis](https://www.reddit.com/r/Superstonk/comments/ngp969/may_19th_update_on_the_marriedput_forensic/) \- May 19 + +Criand - [ICC, DTC, OCC Rules Updates](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) \- May 20 + +Existing-Reference53 - [SR-DTC-2021-005 Locked and Loaded](https://www.reddit.com/r/Superstonk/comments/ngwhzu/where_is_srdtc2021005_the_update/) \- May 20 + +nothingbuttherainsir - [Go/No-Go for Launch - The Rules Checklist](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) \- May 20 + +HomeDepotHank69 - [Random Updates and Systemic Analysis](https://www.reddit.com/r/Superstonk/comments/nhs1wy/hank_returns_from_the_dead_and_takes_a_dump/) \- May 21 + +Themeloncalling - [Every Ape Gets Paid (and It Won't Ruin the Economy)](https://www.reddit.com/r/Superstonk/comments/nihl31/every_ape_gets_paid_a_look_at_the_numbers/) \- May 22 + +* ChemicalFist - [Comment About Taxes on Every Ape Gets Paid](https://www.reddit.com/r/Superstonk/comments/nihl31/every_ape_gets_paid_a_look_at_the_numbers/gz1xa7v) \- May 22 + +&#x200B; + +**Encounter 5: The Week of May 24-May 30: The T+35/T+21 Crossover Spectacular** + +AlexanderHood- [May 26 Update on the Married-Put Forensic Analysis](https://www.reddit.com/r/Superstonk/comments/nl90c5/may_26th_update_on_the_marriedput_forensic/) \- May 26 + +c-digs- [Clearing Up the Fed Reverse Repos and What It Could Indicate](https://www.reddit.com/r/Superstonk/comments/nmxmri/clearing_up_the_fed_reverse_repos_and_what_it/) \- May 28 + +&#x200B; + +**Encounter 6: The Week of May 31-June 6: Pre-Meeting Zen Party** + +SajiMeister- [T+21 Cycles Related to Short Interest Drops and Reported SI](https://www.reddit.com/r/Superstonk/comments/npd3dg/a_look_into_short_interest_reported_why_it_is_the/) \- May 31 + +yelyah2- [Gamma Signals are Firing Again](https://www.reddit.com/r/Superstonk/comments/nqwtms/gamma_signals_firing_again/) \- June 1 + +Criand - [Things are Shockingly Similar to Feb 24 to Mar 10](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) \- June 1 + +myplayprofile - [I Know You Quant It - 6/3 Trading Analysis and a Deeper Dive into the Tape](https://www.reddit.com/r/Superstonk/comments/nroyh0/i_know_you_quant_it_63_trading_analysis_and_a/) \- June 3 + +squirrel_of_fortune - [Meme Stock Price Movements are Statistically Corollated](https://www.reddit.com/r/Superstonk/comments/ns8dhk/yes_those_patterns_yall_keep_posting_are_real_the/) \- June 4 + +HomeDepotHank69 - [Hank's Big Bang: Quant Apes Glitch the Simulation](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/) \- Jun 7 + +Criand - [Danger Zone Part 2: Project Price Movements and T+21 Cycles](https://www.reddit.com/r/Superstonk/comments/nwgzw7/danger_zone_part_2_shorts_are_terrified_of_a_310/) \- Jun 10 + + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +There we go, 100 DDs that tell the story, calm the mind, and shine a light on just a fraction of what we have been through and accomplished together. + +For visual purposes I decided not to tag the individual authors, so if you think one of them would like to see this or you've been helped or moved by something written above, I encourage you to tag the authors in a comment below and thank them. + +I finish typing this as I wait for the markets to open on what could be the greatest day of Apes' lives (Homer: "Greatest day SO FAR"), the beginning of the worst financial crisis in history, or some combination of both (May 24). Now I'm going to post this and join the rest of you. Maybe today's the day we decipher the map, if not there are more good days ahead. + +I'll let Lou Reed close this out for me, + +&#x200B; + +>Oh such a perfect day +> +>I'm glad I spent it with you +> +>Oh such a perfect day +> +>You just keep me hangin' on +> +>You just keep me hangin' on + +&#x200B; + +With love and rockets, + +Blanderson + + 💎🙌💎💓🦍🚀🚀🌜 + +# Appendix A + +Venture into the epic-level DD below if you want to see just how far this thing might go. By the time you read this, we may know the truth about all of this. + +# Epic Level Adventure: The Deepest Depths of DD + +These DDs are not for the faint of heart, and go beyond what I consider to be strictly GME DD. They are about what the GME saga has revealed about the U.S. economy and stock market. It's the best investigative journalism on the subject, and will, IMO, be where future journalists start when they seek to understand what's to come. + +Again, if you're here for GME DD, this section is, IMO, unnecessary unless you've read everything else and STILL wonder how the fuck we got here and where we might be going. Here ya go. + +atobitt - [The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) \- Mar 30 + +sharkbaitlol - [Chaos Theory: The Final Connection](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/) \- Apr 6 + +JustBeingPunny - [SR-DTCC-2021-004, Dozens of New Netting Accounts, and the CMBS Crisis](https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/) \- Apr 20 + +atobitt - [A House of Cards Part 1](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) \- Apr 21 + +atobitt - [A House of Cards Part 2](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/) \- May 26 + +atobitt - [A House of Cards Part 3](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) \- May 26 + +plants69 - [The Imminent Liquidity Crisis and Reverse Repos Usage](https://www.reddit.com/r/Superstonk/comments/nhepn1/the_imminent_liquidity_crisis_reverse_repos_usage/) \- May 20 + +Criand - [DTC Preparing for Massive Defaults, Crypto May Keep Tanking](https://www.reddit.com/r/CryptoCurrency/comments/nj2quj/dtc_icc_occ_passed_rules_this_week_to_prepare_for/) \- May 23 + +Freadom6 - [CEOs of Major Banks Testifying/Margin Debt at All-Time High](https://www.reddit.com/r/GME/comments/nj6iz0/ceos_of_major_banks_testifying_this_week_margin/) \- May 23 +I’m not talking about basic economic theory here ( have a masters in that), however given the unusual equity, asset, global and monetary situation which shares do you think will be best placed for high inflation? +I’ve understood banks, apparently a 1% rise in rates increases reserves equity 3% which is impressive but what other shares have you identified on the Ftse or aim all share. +I held eqn for this and it’s had it over offer bid... +Grocers seem useful albeit supply chains are a down side risk . +I got a message today from my Swedish broker Avanza. In it they state that from January 1st, in agreement with Morgan Stanley - they will automatically enroll my pension to be loaned out (all currently in GME). + +And guess what? They will take 40% of my returns for doing so to cover for the cost of said “service”. + +For any Swedes who gets this, remember you have to opt out if you don’t want this as its opt in by default. + +Edit: To those telling me to DRS these. I can’t as its a retirement account. It’s just not possible. I have already DRSed from my other accounts though. + +Edit2: For the confused Swedes, this applies to your Tjänstepension, not your ISK. +New York Times had quite the hit piece today, titled “Buy GameStop, Fight Injustice. Just Don’t Sell.” Good start with that title, but its all downhill from there to shit creek. + +EDIT: I write this post for a very clear reason. This article had lies in it, and on the whole its deceitful. I encourage only respectfully following up with the authors of deceitful information. Peace is the only way I operate, it is not only "the way", it is the only way. Being upset at someone for lying is fine, talking to them about the content of their lies is fine. The authors and the professor are the only people I encourage people following up with, because its their professional job to have ongoing conversations about the public statements they make. + +LAST EDIT: I removed the part where I say "Fuck You" to some of the people in the article. I do not use that language in my life, and so I don't encourage it. + +Here is my summary and response: + +First off, the authors can be found on twitter here for you to respectable disagree based on the content of their article. No joke, be nice, follow up professionally, it works every time. + +**Tara Siegel Bernard** \- u/tarasbernard + +**Emily Flitter** \- u/flitteronfraud + +**Anupreeta Das** \- u/preetatweets + +Now for the poor fools who interviewed and allowed their names to be debased. If any of them are members of Superstonk I am proposing a permanent ban. + +**Ruby Gonzalez**: She mostly got away with this, they really didn’t mess with her. But, in my opinion, she should not have given an interview. + +**Jesus Gonzalez**: Invested in both popcorn and GME, popcorn is fake and all my homies know that. But, he made the big mistake, the unforgivable mistake of providing this quote: “We have never seen a congregation of retail investors who have collectively come together on the internet and formed the largest, most powerful, decentralized hedge fund in the world.” That is the exact quote that MSM wanted. Let’s be clear, I am not investing with any of you, this is not a hedge fund, I am an individual investor who makes their own decisions. So, sorry to say this, but with respect, you Jesus Gonzalez took the bait, you got played (edited out profanity). + +**Mat Bowen**: He had a dream where Elon Musk told him to buy that dog koin, what a joke. Was the pastor of a small church but quit to day trade. The article makes him look like a religious cook. Also, he owns GME, popcorn and the dial of the sun. What a joke, GME is the only play. + +**Harrison Fritz**: Now, here is the real dumbass. How much did they pay you fritz? Claims that he sold GME in May after the Superstonk Mods deleted FUD posts. Now the article claims he fears a real-world attack by Superstonk members. What a bad comedy joke. Superstonk members have never and will never attack anyone. What a dumb setup that Fritz allowed himself to be used for. You played yourself Fritz, no one will ever attack you, geez. + +**Kunal Gogna**: “Charts, all these dizzying things.” Maybe you gave a good interview, but they played you as well by making this your only quote. + +**Ben Pomeroy**: “I can’t explain it all, I read it, and I was like, Ok that makes sense, but if you asked me to explain it I don’t think I could give you a very coherent answer as to why these synthetic shares exist.” Then don’t give an interview Ben, you made yourself and Superstonk look dumb, (edited out profanity). + +**Blayne Macauley**: “never got into the conspiracies.” Bought and sold popcorn in February 2021. Got into options and now a has a podcast. (edited out profanity), sounds like you like getting played. + +**Frank Partnoy**: Law professor at UC Berkeley. Main point from him is: Synthetics not happening because the SEC exists and that would be illegal, and the SEC is not involved because they are the regulator. Another tool here, and what a poor argument, basically saying that illegal things don’t happen because they are illegal. At no point did Frank offer any specific refuting of Superstonk DD. If someone can refute the DD then do it and I will sell all my shares, that is an open promise. + +Now for Superstonk claims: + +· Superstonk was created in May after GameStop receded from the headlines. This is a lie, a big lie, we all know that GME was banned from that other sub, this is what created Superstonk. + +· Only diehard fans are on Superstonk, maybe a bit true, but not really, this is a place for posting research, discussion, hype and memes. Its for everyone with money to invest and a sense of humor. + +· The DD is really just farfetched theories about how various Wall Street actors secretly manipulate GameStop and other memes. First off all, DD is research, if it’s a theory then its marked as something else like opinion. Good DD is real research, and the manipulation is not all done in secret a lot of it is out in the open as detailed in the DD that was not covered in the article. + +· Core premise of the “plot’s existence” is that short interest is higher than 100%. Well, it was, and it went down to 10% without any evidence of shorts closing. And, it is now up to 14.89%. These specific issues need accounting for and the article didn't address the actual concern of Superstonk members at all. + +· Redditors are focused on “revolution.” Yeah, a peaceful financial revolution that overthrows income inequality and creates a strong middle class so the average person can work a full time job and earn enough to live a life of dignity. + +· Average investor is a male in their 20s to 30s stuck at home with “stimies,” and is anti-expert. No, I am pro-expert, college educated, a working professional, invested my own money and I love experts, just see Dave Lauer and Susanne Trimbath, ya know, the people you never interview for articles like this. + +The New York Times is dead to me, one news organization at a time is submitting its resignation to me with these articles full of lies and deception, I am becoming divorced from each MSM outlet one at a time. + +\*Edit: I wrote cook instead of kook, but I am keeping it, its hilarious. + +\*\*Edit: (removed reference to my former references to profanity) + +\*\*\*Edit: I only encourage the authors and the professor to be followed up with respectfully, everyone else must be left alone in every way, except to to be banned from Superstonk in case they are here. +*"There is only one stock which poses an idiosyncratic systemic risk" (ticker: GME)* + +**TLDR: Look at the pretty pictures. GME 🚀and 🍿 no rocket** + +Apart from swaps and how Citadel is actually long on distraction stock, on which there is very good DD, let's have a look at the fundamentals and insider trading activity of both GME and 🍿. + +[🍿 is very much diluted](https://preview.redd.it/29h4bszxa0491.png?width=1094&format=png&auto=webp&s=0bc6fcf247b056ce63ee2aa1905697871d4a204d) + +[Debt = bad](https://preview.redd.it/74zdd3sdb0491.jpg?width=1082&format=pjpg&auto=webp&s=2bfb8b0f628779994fa0fc24b49a18098a5afb9f) + +[So let's look at the facts](https://preview.redd.it/aq4ust0gb0491.png?width=473&format=png&auto=webp&s=0f8ceb2239dc5535e22eba549df7073c35840127) + +[They think the price will rise](https://preview.redd.it/xu68eyzib0491.jpg?width=1920&format=pjpg&auto=webp&s=ec41022df62d90c1489d837c9deeb8e69ff1e5c6) + +# INSIDER TRADING OVERVIEW, COMMON STOCK BUY/SALE: + +https://preview.redd.it/8r0tstumb0491.jpg?width=1029&format=pjpg&auto=webp&s=d37583d36b6bff42641cc7cf0a674fd2825d16b4 + +Please note that of the insiders who sold GameStop shares since 2020, only James Grube and Jajeh-Saadeh are still with the company. 99.72% of shares and 97.56% of the total sale money were sales by insiders who are no longer with GameStop. + +Regarding distraction stock, John D Mcdonald and Stephen A Colanero has since retired. A lot of stock was also sold by 10% owners Mudrick Capital Management, Silver Lake Group and Wanda Group. According to the SEC Filings, Silver Lake and Wanda Group were both 10% owners as well as distraction stock Directors. + +The contrast is extremely clear with distraction stock seeing no insider share buys since 2020, while GameStop has seen 1.36M insider shares bought since 2020.Of the current distraction stock board, 100% of the directors has sold shares since 2020. Of the current senior officers of distraction stock, 39% has sold shares since 2020. + +# INSIDER TRADING OVERVIEW, STOCK OPTIONS: + +https://preview.redd.it/49jgqbazb0491.jpg?width=1030&format=pjpg&auto=webp&s=e083ebc6b6d03a250c665cbc68999655ceac9ce0 + +In total, since 2020 GameStop insiders were granted a little over 2.5M shares in the form of vested stock awards, subject to performance targets and multi-year timelines. + +Since 2020, distraction stock insiders were granted over 9.15M shares in the form of vested stock awards, subject to performance targets and timelines. 4.66M of these were granted to Adam Aron. + +While distraction stock had 0 dispositions of vested shares, 2M GME shares were not granted to insiders because of reaching 0% of set performance targets. + +The snek George Sherman missed out on almost 900K shares. + +There is also plenty of insider stock activity for tax purposes, exercising of options and conversion of options. The intentions behind these activities are hard to gauge without having access to all details so this is mostly omitted. + +It is important to note that GameStop explicitly states in their SEC Filings that in the case of a Tax Withholding event, no GME shares are sold but the vested shares are instead not given out by GameStop to the insider. + +*"The Reporting Person (George Sherman) did not sell any shares on the Transaction Date. Rather, shares were withheld by the Issuer on a vesting of restricted stock to cover applicable withholding taxes, with the number of shares withheld based on the 6/9/2021 closing pricing."* + +&#x200B; + +[Overview of transaction codes](https://preview.redd.it/tujbp6ejc0491.png?width=764&format=png&auto=webp&s=c3aebeeba4f470149fb6fbaf18c43fe69a1bb802) + +https://preview.redd.it/n1mnlo5lc0491.png?width=617&format=png&auto=webp&s=4af5d03eef5459f200e3a1cba1f024ee8b76c9e0 + +Adam Aron gifted 500K shares to his sons and about 124K shares were gifted by other distraction stock insiders as charitable donations. While I fully endorse supporting nonprofit organizations (remember how apes helped the Dian Fossey Gorilla Fund? 🦍), it’s important to note that not all nonprofit organizations are as charitable as they seem and the gifter enjoys a tax break because of the charitable contribution. + +# OTHER FUNDAMENTALS/TURNAROUND PLAN: + +https://preview.redd.it/0bxihmmpc0491.jpg?width=1333&format=pjpg&auto=webp&s=54c036c940da402f4ac54f87969754b28a8b00d1 + +**TLDR: Look at the pretty pictures. GME 🚀and 🍿 no rocket** +Ok so I need answers because I feel like my world view is going to shatter if I don't get em. So, I got into an argument with my EU-politics professor in class today and you're going to have to trust that I'm telling our respective positions as truthfully as possible. + +So anyway: we're talking about free trades and its downsides. From the "justifiability" of sweatshops to "neoimperialism". Ok fair enough, whatever, until he pulls out a chart of coffee prices from the last 50 or so years and says: "As you can see, free trade agreements between the EU and coffee producing countries have led to volatility in coffee prices." + +He doesn't elaborate on this so I ask: "Professor I don't understand this. As far as I know coffee has a relatively inelastic demand so barring a short term demand shock from say the price dropping thanks to a free-trade agreement or hoarding due to covid, by definition shouldn't this price volatility be equated to supply problems like bad harvest, transportation problems, political instability,...? What does free trade have to do with this?" + +He responds: "Yes that's the classic neoliberal paradigm, but studies have shown that supply issues had relatively little effect on this." + +I say something to the effect of: "But how can that be? It makes no sense?" + +After which he rattled something off about the Prubish Singer hypothesis (?) which I didn't quite catch nor had never heard of before, and I simply dropped the question, kind of dumbfounded. + +So can anyone please help me understand this line of reasoning and what the Prubish Singer hypothesis is? +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 sent money from one bank of mine to another with no issues. 6 weeks later, the recipient bank notified me that the transactions were disputed and the money was removed from my account. + +However, the money was never returned to me. Both banks tell me that zelle is responsible and to call them, but there is no zelle customer service if you used it via your bank web portal. They just refer you back to you bank. So Zelle is holding my funds somewhere and there is no dedicated fraud number or anything I can say on the phone to speak to their fraud team (if it even exists ). So I'm out almost $400 and zelle refuses to even speak to me about it. Idk what else to do... I've been to both banks and on the phone for hours just to be directed back to Zelle. +So including tax, what do y’all think is the golden number to be able to live off just the dividends from your investment? 500k? 1 million? 2 million? Let’s say for about 50-60k yearly +I’m 30 so if I loose it all, I’ll be fine. But I’ve got a shit ton of cash in TSLA, and I’m fully margined on it. Doubled down. + +I’ve made some good money so far, but thinking about insurance. I’ve heard of using options to protect the Downside; can someone explain this to me? +Likely buying today. Since tomorrow is a large announcement. +EDIT: u/Tyrant-Tyra has graciously done an excellent [audio recording](https://youtu.be/rxcjnqdThsg) of this post if you would prefer it read aloud! + +I want to preface that this research was only possible because of the prior DD's from our wrinkle-brained geniuses who figured out the FTD cycle. These are some of the apes who deserve your appreciation: [u/Criand](https://www.reddit.com/u/Criand/) \-- [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) \-- u/Gafgarian \-- [u/1mag1n3\_cgh](https://www.reddit.com/u/1mag1n3_cgh/) \--- [u/Secure-Ad1612](https://www.reddit.com/u/Secure-Ad1612/) \-- [u/Leenixus](https://www.reddit.com/u/Leenixus/) \-- [u/INERTIAAAAAAA](https://www.reddit.com/u/INERTIAAAAAAA/) \-- [u/Suspicious-Singer243](https://www.reddit.com/u/Suspicious-Singer243/) \-- [u/ihatedmyboss](https://www.reddit.com/u/ihatedmyboss/) + +In other words, I stand on the shoulders of giants. Now on with the show, and please remember: + +https://preview.redd.it/e5i39i8xec171.jpg?width=1828&format=pjpg&auto=webp&s=eb0d973e368a19539aeb2b2bdc8e7975c4910577 + +# I shit you not, I did this google search to see if there are any macro-societal patterns that relate to 21 and 35 day cycles and this is the first search result that appeared: + +[WHAT THE FUCK](https://preview.redd.it/anqb3blv0b171.png?width=708&format=png&auto=webp&s=13f893ca8355fecb2c6a1d01833c8546139a2e5f) + +# A couple things to unpack here: + +# 1. + +The menstrual cycle specifically mentions 21 and 35 days! COHENcidence?! I THINK NOT! + +&#x200B; + +[https:\/\/www.mayoclinic.org\/healthy-lifestyle\/womens-health\/in-depth\/menstrual-cycle\/art-20047186](https://preview.redd.it/0jva3zit3b171.png?width=473&format=png&auto=webp&s=4b1ce6e1c64f22a243a266874350ece8b4f45243) + +THEORY: THE FTDs ARE OVULATING. + +Or maybe it's Kenny him(her?)self who is ovulating? Either way, this could POSSIBLY mean that the squeeze could be two to seven days. + +OR the other prevailing theory I have is that the MOASS timeline is equivalent to a pregnancy and it will be a gradual upward rise over 9 months and it crowns sometime in the 3rd trimester (that's a word, right? idk I've never had a baby before lol). + +From this logic, I have two questions. First, IS Ken pregnant? If yes, WHEN did Ken get pregnant (need wrinkle brains to help me with the insemination date)? And third, what will that baby look like? My theory is that the birth will be bad for Ken and good for us. That explains why Ken keeps trying to push the baby back inside. + +&#x200B; + +[How Ken feels every cycle](https://preview.redd.it/qbmcei8unc171.png?width=300&format=png&auto=webp&s=1460c4ae24e69e96c03bb540756b23986680366b) + +# Running with this logic, here is what I think the baby will look like: + +[mothafuckin' yes please](https://preview.redd.it/5iviai107c171.jpg?width=1649&format=pjpg&auto=webp&s=0b211250d2a5deab70b0f3c4a417145e85dc8fe2) + +# 2. + +[http:\/\/www.bbc.com\/earth\/story\/20150420-why-do-women-have-periods](https://preview.redd.it/x7tc26154b171.png?width=603&format=png&auto=webp&s=04f3ee995103a7bbba1be8a28badb88101abd425) + +Because of this information, we can safely conclude that Kenny is either: + +1. A human +2. A primate +3. An elephant +4. A shrew +5. A bat + +We can also safely cross off primate/monkey/ape because I think we'd be able to tell if Kenny was one of us. And I read somewhere that elephants don't like mayonnaise. And he is too ugly to be a cute little shrew. So that leaves **human** or **bat**. More on this in a bit... + +# 3. + +[http:\/\/www.bbc.com\/earth\/story\/20150420-why-do-women-have-periods](https://preview.redd.it/5neat96inb171.png?width=512&format=png&auto=webp&s=06a1e2315e62de631505db815667fa2dd8efea3e) + +DISCLAIMER: I am not a MATHEMAGICIAN. + +Because we can safely assume that Kenny complains a lot, we can accurately guestimate that his flow is at the upper end with 90mL. And as of my writing this, today's big green dildo volume so far is 11,338,832 shares. + +11,338,832 shares divided by 90mL equals 125,987.0237 shares per mL. + +That equates to **125.9870237 shares per Liter of mensuration fluid**. More on this in a bit... + +# 4. + +https://preview.redd.it/anqb3blv0b171.png?width=708&format=png&auto=webp&s=13f893ca8355fecb2c6a1d01833c8546139a2e5f + +Bringing it back to the first image. The top result is from the [MAYO CLINIC](https://www.mayoclinic.org/healthy-lifestyle/womens-health/in-depth/menstrual-cycle/art-20047186). MAYO?! Another COHENcidence?! I THINK NOT! + +It seems to me that Mayo has slowly been turning against Kenny. Oh how rich is that...his beloved mayonnaise, the [mayo he won't share with others](https://www.reddit.com/r/Superstonk/comments/n8tvrx/my_friend_had_dinner_with_kenny_g/), is GIVING US THE BREADCRUMBS to his demise! Not only that, but MAYO is comprised of mostly eggs and oil! What happens in an ovulation cycle? The eggs get YEETED from the uterus. + +https://preview.redd.it/bfr2021vjh171.jpg?width=1052&format=pjpg&auto=webp&s=3ffdab315eb9e2d1353fdbca83ae086603706440 + +I CANNOT CONFIRM THIS NEXT PART DUE TO ONLY HAVING CIRCUMSTANTIAL EVIDENCE... + +But I am positing that Ken's yeeted eggs are being used to make his mayo. And it looks like he's running out of eggs. Which means he's running out of his precious mayo. Less eggs equals less mayo and then the cycle gets worse and worse. Which means we are pushing Ken further and further into the corner of desperation. What the fuck is gonna happen when Kenny **RUNS OUT OF MAYO**?! + +[BOOM](https://preview.redd.it/y5aeja6mmc171.jpg?width=500&format=pjpg&auto=webp&s=a8f5975d5639f4cd288d9fb3a9347284dcf35f7c) + +# SIDENOTE: We should totally make this and everyone can buy it except Ken muhahahaha + +[EuroApes can dip their France Fries in this!](https://preview.redd.it/4bimr4dwoc171.png?width=860&format=png&auto=webp&s=563793b5c3999fd912ed18b9d1b78a5ca100b22c) + +# 5. TYING EVERYTHING TOGETHER; THE THEORY OF THE MENSTRUATING TRIANGLE OF CARDS - PARTS 1 thru 69. + +There are some possible conclusions that I have drawn up, but I am open for more interpretations. After all, the power of this group comes from our ability to crowdsource and crowdverify! So please feel free to chime in so together we can find the \~TRUTH\~. + +# a. Kenny is actually a human woman (loosely) + +and the FTD's are actually her ovulation cycle. The bigger the flow, the greener we go (looks like Kenny's bleeding hard right now). I'm not a big fan of this theory because that would mean that Ken pulled a Mulan and I don't think he's cool or badass enough to do that. So moving on... + +# b. Kenny is a man with EXTREME MOMMY ISSUES. + +Oh NOW we're cooking! I'm talking "Homelander sucking on teet" level mommy issues. KENNY might not be the one ovulating, but *maybe* he has a weird **obsession** with menstruation and he is synced up with someone in particular? + +[Kenny: \\"ooohhh yea baby, breast milk mmmmm all for me gulp gulp ahhhh\\"](https://preview.redd.it/ivi225h32b171.png?width=1400&format=png&auto=webp&s=99c1ec57879aff1dfce02af33dbbfe523794ccf1) + +In college, I lived with 2 female roommates for a year and I'm pretty sure my moods synced up with their cycles at some point, so this theory is not out of the question. Right now I have no definitive evidence towards the identity of this unknown human female. Is it his ex-wife? Or mother? An old flame? I don't know, so I would love the group to help me discover this missing link. + +# c. Kenny is a vampire. + +You fucking read that correctly. + +Before I dive into this theory in full, I need to bring [this article](https://www.bloomberg.com/news/articles/2020-01-20/citadel-securities-agrees-to-97-million-settlement-in-china) to your attention. + +[Headline of the article](https://preview.redd.it/zrcmwyilrc171.png?width=677&format=png&auto=webp&s=f059c7b5f0303a0c1c33c9f9fbf3438c9668b322) + +Snippet of Article: "Citadel Securities LLC agreed to pay a 670 million-yuan ($97 million) settlement for alleged trading irregularities during the 2015 market rout in China." + +So we know for sure that Kenny has been doing business in China for a while. And we know he's been fucking up more than just the American markets with his shady business dealings and China fined him for it. + +Now, remember when we learned that Kenny is either human or a bat (see Point 2). Well if we run with the "he's a bat" theory and also couple in the fact that he's a blood sucking leech (the hedgies killed Toys r Us and many other companies), then I think we can safely conclude that it's entirely possible he's also a vampire. + +This would also explain the fascination with the menstruation cycle. Sorry to gross you out, but what if this was also his *feeding schedule* 🤮? Vampires need blood from somewhere, right? It all fucking connects. + +But wait, there's more! We've got Kenny is a bat, and China doesn't like Kenny. Kenny doesn't seem like a person who takes a spanking without spanking back. Which leads me to this: + +Wasn't there some huge worldwide event that happened because of a bat and was related to China? Hmmmm I can't put my finger on it. OH WAIT! + +[https:\/\/www.nytimes.com\/2020\/01\/08\/health\/china-pneumonia-outbreak-virus.html](https://preview.redd.it/gk95xmtctc171.png?width=621&format=png&auto=webp&s=67e07eff6de420e95120b77fde08c29cbc86bf5f) + +Looks sus to me. Where the fuck was Ken in January 2020? Well I'm not exactly sure, but I know where he WASN'T. + +[Washington Post: Trump signs ‘phase one’ of trade deal with China as House moves on impeachment](https://youtu.be/3eUXZ_LLhfo?t=1711) + +This is a video of then President Trump signing the phase one trade deal with China. Ken was one of the individuals who was thanked during the ceremony. But he wasn't there when Trump called his name. Trump even remarked, "Where the hell is he--he's trying to hide some of his money...where the hell is Ken?" + +So if Ken wasn't where he was supposed to be, then where WAS he? + +# 6. THE WILDLY INCONCLUSIVE CONCLUSION: + +Ken was in China concocting the Coronavirus. Because China hit him with the fines, he wanted payback. So he created COVID-19 in a lab and injected himself and then fucked some bats while he was in his bat form. I feel bad for those bats because they probs thought it was going to be a long-term relationship, but they got played and ghosted by Kenny. Obviously this had to start in 2019, but we know for sure he wasn't with Trump on January 15, 2020. So we can't rule out that he WASN'T in CHINA when it all went down, ya feel? + +I don't know if he planned for it to become a whole worldwide pandemic, but that doesn't absolve him. Or maybe he did it all knowingly. Who knows?! Either way, his plan for world domination failed and now we are hitting back with a vengeance just like [this watermelon to the face](https://youtu.be/8cfeTZNcA3g?t=18): + +[BOOM! RIGHT IN THE KISSER!](https://i.redd.it/3va17kzk9c171.gif) + +# 7. ONE LAST CONNECTION... + +...and it's a fucking doozy. Remember how Citadel's fine to China was 670 million yuan? + +And then remember that 125.9870237 shares per Liter of menstrual fluid? + +If we divide 670,000,000 by 125.9870237, we get 5,318,008. + +# Press play to blow your mind. + +[BOOM](https://reddit.com/link/nllceu/video/2pjbxutpch171/player) + +# It all fucking fits. It's Kenny's obsessions: the bat, the woman, and the mayo...my God, what have I uncovered?!... + +[the new book by CS Lewis](https://preview.redd.it/strutcueeh171.jpg?width=262&format=pjpg&auto=webp&s=22db93fd6852d19b10cfcb4d233848b6ca7c582a) + +# IN SUMMARY: + +[the overall evidence is damning. also this venn diagram makes no sense out of context lmao](https://preview.redd.it/myzyx4tyah171.jpg?width=1094&format=pjpg&auto=webp&s=0d004404467e233b2209a936042878e1adb718be) + +I know you feel like a wet tampon right with all the info you've absorbed. Trust me, I feel it too. Between this discovery, GME pushing 250, and the ass banana, I haven't been able to sleep soundly. This is the biggest case I've ever worked on and it's my journalistic duty (lol) to bring you the hard hitting scoop. Where we go from here is up to the community to decide. + +The obvious plan of action is to find his weaknesses and exploit them. His crux could be his mother like in the Halloween movie series. Or maybe it's the mayonnaise and we would need to contact Hellman's. Or maybe it's the vampire, which we would need sunlight or some steaks right to his heart... + +https://preview.redd.it/whg6n5hgfh171.png?width=800&format=png&auto=webp&s=f0cdec32abb7227462e58ce568cd61cda43aee0c + +That's all I have for now. I need to get some rest. I look forward to seeing what answers you guys come up with. Thank you for coming to my TEDxTalk and please watch this [youtube video](https://www.youtube.com/watch?v=dQw4w9WgXcQ) for supplemental information. +I just had a note through my door with "Notice of intention to take control of your goods". + +&#x200B; + +The name on it is not mine and is for National Highways. I have never had any issue with national highways and the debt absolutely is not mine. I see a grey transit van parked out front of my house so I presume this is the guy. + +&#x200B; + +What is my next step here? The Bailiff has not knocked on my door - yet I suppose? +I'm not affiliated with either TD Ameritrade or Morningstar other than being a customer of TDA. They have a neat and helpful tool that you can use to get a peek under the hood (an X-Ray ) of your portfolio. It works with stocks, ETFs and Mutual Funds. + +[Morningstar Instant X-Ray](https://www.tdameritrade.com/education/tools-and-calculators/morningstar-instant-xray.page) + +It gives you the top 50% of your holdings. I use it a lot to see what my holdings are, how they are weighted, and where there's overlap, what sectors, what global regions, how your portfolio lines up with various investment benchmarks. I also use it to look at and different scenarios when I want to adjust my holdings. + +One thing that I wish you could do with it is to get the results exported so you can play with them in a spreadsheet. I've been just painting over the info and do a copy and paste. It's bit tedious but it works. + +There might be something similar out there but I haven't run into it. + +Enjoy +“Hedge funds, investment bankers and other institutional investors are desperate to find the next GameStop -- before it's too late. +That's why Thinknum Alternative Data quickly built and launched a tool that provides its hedge fund and investment bank clients a ranking of the most-mentioned stocks on WallStreetBets as well as the Stocks subreddit.” + +They’re using our (buy blockbuster $BLIAQ) own tactics against us(buy blockbuster $BLIAQ). They see the (buy blockbuster $BLIAQ) potential in WSB and see our influence (buy blockbuster $BLIAQ) and now want to use it to their advantage (buy blockbuster $BLIAQ). After their decades of (buy blockbuster $BLIAQ) market manipulation, they’ve now come here looking for (buy blockbuster $BLIAQ) the next people to screw over! (Buy blockbuster $BLIAQ) + +Remember, do your own DD (buy blockbuster $BLIAQ) and do not invest more than you can stand to lose (buy blockbuster $BLIAQ). + +Oh and also... GME HOLD 💎✊ (buy blockbuster $BLIAQ) + +Source: https://edition.cnn.com/2021/02/03/investing/wall-street-reddit-hedge-funds/index.html +I noticed that all the big bank stocks lost a lot of value on January 14th, but GME hasn't risen until around January 20/21 a week later. + +Over the last week (5 days) the big banks lost a lot of value: + +**Goldman sacks: -7.58%, JP Morgan: -7.53%, Citigroup: -11.75%, Wells Fargo: -8.46%** + +All are also negative in Fridays after hours + +TICK TOCK and buckle the fuck up!!! (how do i enter emojis on pc?) + +Edit: 🚨🚀🚨 + +https://preview.redd.it/50l6laf98e671.png?width=1361&format=png&auto=webp&s=4b6ae1fdb8f261a000571da093568dadb2bef3b9 +Regardless of personality or marketing ploys, in what way are the 8 pillars bad? What others numbers are you supposed to know about a company? How is a company with all 8 check marks not a well valued purchase? +Link: https://www.mcgillpersonalfinance.com/ + +I haven't tried it out yet but I'm planning to soon. + +Edit: Ooh wow my highest upvoted post. Glad you guys find it useful! +23y/o here renting in Sydney. I recently had my hours cut at work and as a journo, I’m predicting I will be out of a job by December. My partner earns a decent salary and between us, we have about 45k in savings. + +I’ve heard mixed opinions on my strategy since COVID hit. I have been hoarding money like crazy, setting as much as I can aside and spending on nothing - not even on my hobbies, never eating out, skipping the dentist etc. I have no debts, but also no investments. Everyone I work with is convinced that the economy will bounce back and that we won’t hit a depression. + +My partner also thinks I’m overreacting and that I have enough of a buffer should anything happen, but I feel like for my age, having 15k (mine only) in savings is shockingly low. + +Can anyone give me any advice about this situation? Sorry if this has already been asked a million times. + +EDIT: Monthly expenses for me are around 1,200-1,500 all inclusive, even luxuries. Sometimes a little extra if car rego is due. I cook at home and was raised to be a tight ass. Rent clocks up the most. Currently I earn 2,800 per month (I was dropped to part time, it used to be more) - with 1k going straight into savings. I had to dip into it over Xmas for a holiday before all this shite happened, but it should keep growing until I lose this job. + +UPDATE: Yes, I will go to the dentist! +I'm a young guy living in Ohio and had just set up my first bank account a few months ago. I had about $1100 in it. I walked up to my banks ATM today to check my balance since I hadn't done so in a few weeks since I don't really touch the money in that account, and I nearly fainted when I saw there was a $200 balance in it. I immediately walked straight into the bank wondering what the fuck had happened. There's no way my card could've been skimmed because I haven't even used the thing. I walked up to a teller and asked them where my $900 went. She said that a teller had accidentally given it all to my dad, who was trying to get $900 from his account. My dad has no access to my account but was given my money. Then they told me that he'd need to give me the money back himself since they took the money from my account but not his. + +What the fuck is happening? I went in to put money into my account but after that I said fuck that. I should've taken the rest of my money out of my account and switched banks. What would've happened if my dad and I didn't get along? Would I just be out of $900 because of my bank? + +edit: If my dad makes it home before the bank closes today we're going to go up there together to see what happened and how they'll fix it. + +edit2: I just went up to the bank and now they changed their story. I immediately asked to talk to a manager when I walked in and the manager pulled up what had happened. She's saying that they have a computer that reads each transaction and will automatically do everything for them based on the account number. We both signed up for accounts right after each other a few months ago and I guess the account number that is generated isn't random, it just goes to the next unused number. So for example: if my account number is 00000005, the next person to sign up would be 00000006. Well my number was 00000005 and his was 00000008 and the computer misread his number and thought it was a 5 and took the money out of MY account. That it was just complete dumb luck that the two people are directly related. + +I asked them what they'd be able to do to assure me that it wouldn't happen again and she couldn't really give me any assurance other than "this is **extremely** rare." She told me that if I don't want to drain all of the money out of my dads account and put his account in the negative, then I will have to wait until next week when Paypal sends him his next payment. + +I'm really not buying the story that a computer misread the number and I think a teller fucked up and the manager is covering up for her. My dad was pissed at them before but now he's REALLY pissed. Is there anything that I can do to have higher ups in the company start an investigation into this branch? + +For those wondering: It's Park National Bank, an Ohio based banking institution. + +edit 8/21: The bank called my dad today to tell him they pulled the money from his account and put him in the negative and froze his card and that they put the money into my account. The manager told him over the phone that this should never have happened and that she is going to be having a talk with all of the tellers at the bank so that this never happens again. I'm just wondering why I never got a phone call when it was my money that they lost? +I reread the terms of conditions of my employment and realize that my employers 401k match doesnt vest for 3 years… + +Does that mean if terminated or we part ways, the 401k match will be pulled out of my retirement account? If so, what happens to all the reinvested dividends and gains which occurred from me investing it? + +Also wondering if this is the standard… + +Thanks +My wife (30) and I (34) just got home one month ago yesterday with a real cute baby boy. It turns out that these things are fairly expensive, though. Childcare at $1400 a month is going to be a bear. + +My wife was laid off from her hospitality industry job during COVID. She made about $55k. I own a small business and make about $80-100 yearly, though it varies monthly. We don’t have a lot of debt and have about 100k invested here and there, not including 401ks. + +My mom, a retired schoolteacher living on $2400 a month, is now grandbaby obsessed. She lives in a small beach house my granddad built in the 1970s. It’s on a lake, inland, now surrounded by McMansions and golf courses. Shes 3 hours away and 68 years old. She keeps coming up with these wild plans about getting month to month leases or roommates in town with us so she can see the baby more. She cannot personally afford to do these things. + +It occurs to me that I could really make her golden years much more golden and also build myself a nice chunk of equity by buying another house for us here in town and letting her live in the house we now own. Meanwhile we can rent her beach-area home on AirBnb. She takes care of the current tot, and also future tot, until they hit 4K. + +Our current home is a 2/2 at 1350 sq/ft and we gotta get a bigger one anyway when we have another kid. We paid 175, owe 150, and it’s worth around 215. For the $1400 I’m gonna pay in childcare I can buy a bigger better house in a better school district here. + +If I’m going to lay out $1400 a month I’d rather be getting a house than childcare. You don’t get a lot of equity at the local Methodist church daycare. + +Anybody see a downside with this plan, or can I actually make this work? +I have been trading calls/puts on GME during the quick rise and fall lately and today is mind blowing. Surely this has to be a bloody hedge fund covering a massive positions to excersise but why not scalp the premium? Honestly, this is just odd as how deep itm they were purchased. + +https://preview.redd.it/fn5kxymumh471.png?width=1280&format=png&auto=webp&s=32a92816ece91820163e394a98d07e1280a98de0 + +https://preview.redd.it/5odukj8wmh471.png?width=1270&format=png&auto=webp&s=2d21988626b8046ffce0600c532dcee623ee43cd + +https://preview.redd.it/fse4dkrwmh471.png?width=1276&format=png&auto=webp&s=61a38433e75a1ca34bb72b98d1434d4b895f6d60 + +Edit : I bought the 06/18 210p's yesterday and am up 250% atm but bought the 06/18 340c's today. The stock has dropped $50 since I purchased the 340c but it is not losing value and only making more money as the stock drops haha fun times to be trading +In a similar vein, we are planning a remodel and are considering things that we should incorporate as foundational. + +We bought a personal sauna for the house at the pandemic start. The cost/benefit has been awesome. I can’t imagine having a place without one of these moving forward. + +Also, + +I’ve had a few knee surgeries over the years stemming from a relatively long rugby career. Needing help getting around is likely part of my old age. We are definitely widening the doors and getting rid of thresholds to accommodate a wheel chair/walker. + +Friends have suggested two sinks in the kitchen and sound proofing for the home office. + +What are your FAT home items that have a high ROI and/or are ‘can’t live without’? +It seems like everybody agrees that a crash is coming, but the advice I read is to not sell and to hold for the long run, Bob-style. Why not sell now and buy it back in a bit and still hold for the long run if everything is pointing towards a huge dip? Yes, I know very little about how this works. +Without any notice I see tax charges, automatically charged. + +&#x200B; + +It counts my split shares as gains and charges .... + +&#x200B; + +Total fuckery ... I am now 100% convinced that the system is now totally fucked. + +&#x200B; + +Holy fuck....what a shitshow, even in Europe + +&#x200B; + +edit: i provided MOD a proof +Propaganda on all fronts! This reeks of desperation. The more they push back against retail and GME, the more it confirms that the stock is going to the moon and beyond. I’ve seen all the attacks in the MSM, but they actually paid millions of dollars for a super bowl ad lol! + +Hold and sell when you see those telephone numbers. Or hold forever. Do you. Either way, we 🚀 🌝 + +Edit: [ad](https://youtu.be/4XTdIxmY5UI) +I 35(F) just inherited $35,000 from my great uncle and I want to use it well. I have no experience managing money and have had no examples because I grew up poor. What are some basic things I should know? What are some things that I should be wary of? + +Thanks for your support! +Not really advice or anything it’s mainly me just wanting to get this off my chest with a community of people that know what it’s like. Tonight will be the night that i receive my first check from this new part time job i have on the side i have a few things i need to do out of this money but the main things like bills etc are covered by my main job . So tonight after my workout I’m going to order a huge ass meal and order take out for the first time in months (abt 8 ) almost an year and i don’t care. Im tired of thinking what that extra 20$ could have went on what that extra 10$ could have gone to how i could have saved an extra 15$ bucks if i would have done this or that FUCK IT! Im going to get pizza , wings , and some dessert and i refuse to feel guilty i will have enough to do the other things i needed to do with this money so I’m not going to stress myself abt how i could have saved or did something different with the money i spend on the take out! Im stressed tired and working like a dog so …..ima do it tonight and proudly at that. Thanks for reading had to let this shit out lol. +I had a surgery in September 2017 and apparently a nurse in the operating room was out of network and my insurance paid only $168 of the $4,000 bill. I’m pretty angry that this is even possible, as I wasn’t notified beforehand that I would end up with this bill and don’t want to use my emergency fund for something like this. I don’t understand why they used a facility and surgeon and anesthesiologist etc in network but not the nurse. To make matters worse, I wasn’t even aware there was an outstanding balance until a collections company sent me a notice. They said they have already sent three notices and that the nurse’s office sent several notices (to an old address) but I did not receive them. I have until August 5 to pay before it is reported to the credit bureaus. What are my options? + +Edit: I can’t believe the amount of replies here! I’ve read every comment and appreciate the input and people’s general sympathy about how stupid and absurd this situation is. I’ve requested the bill and will make sure it’s itemized. I will call the hospital, insurance company, and surgeon in the morning and hopefully I can get something resolved ASAP. I will update again tomorrow if I’ve gotten anywhere. + +If anyone has advice on what to do about the collections, this is my main concern. I only have until August 5th and I will be trying to deal with this while I am out of the country for the rest of the month. I invest in real estate and am in a perpetual state of trying to buy property, so my credit score is incredibly important and I’ve taken very good care of it. + +Edit 2: I’ve called the hospital and they were not helpful. They told me they would send an “out of network letter” and had nothing else for me. +I called my insurance and they are resubmitting the claim to the claims department again to see if they will pay it, and said they would mail me an explanation of benefits. +I will call the collections company and tell them I am disputing the claim. I am going to call the nurse’s office now and ask them to withdraw the collections thing and give them the reference number I received from UHC showing that the claim has been resubmitted and that I am working on taking care of the bill. + +Edit 3: I have called the collections company and the person there was really hostile. The hospital did not have contact information for the nurse’s office and the collections company would not give it to me. +Due Date for filing ITR for Tax Audit cases - **15 Feb 2021**Due Date for filing Tax Audit report - **15 January 2021** + +Due Date for filing ITR (non Tax Audit cases) - **10 January 2021** + +**For most people, ITR filing due date will be 10 January 2021.** + +Please don't procrastinate till the last day again. You have this chance - reach out to your CAs quickly. The earlier the better :) +Due Date for filing ITR for Tax Audit cases - **15 Feb 2021**Due Date for filing Tax Audit report - **15 January 2021** + +Due Date for filing ITR (non Tax Audit cases) - **10 January 2021** + +**For most people, ITR filing due date will be 10 January 2021.** + +Please don't procrastinate till the last day again. You have this chance - reach out to your CAs quickly. The earlier the better :) +Folks, + +wanted to share some reasons why I feel OMG will usher fundamental changes to crypto and expand ethereum's ecosystem. First some context -- in the early days of bitcoin, we were excited as heck for a currency that - for the first time in modern history - has successfully managed to separate currency from governments. This was groundbreaking, and for many -- bitcoin was the ultimate solution, and 'altcoins' that largely forked off of bitcoin were considered crap by many. Then ethereum came and turned altcoins upside down with a far more ambitious and versatile platform - one that managed to very rapidly command a leading share of developers time and imagination. The fact that start up projects can be rapidly funded through ICOs only propelled the ecosystem. + +Today, and largely because of bitcion's nasty civil war, there are many blockchain-based currencies each with slightly different characteristics, but most of which are forked from bitcoin. Dash looks promising with its masternodes, incentivized ecosystem and remarkable governance system. And of course there are many others - litecoin, zcash, bitcoin, bitcoin cash (possibly more splinters to come), monero, and the very innovative IOTA with its tangle network (an emerging technology I hope the ethereum foundation studies for certain layer 2/3 applications on top of ethereum). + +So.....many investors and speculators began to hedge their bets trying to figure out which blockchain or currency will be the dominant one - after all, we were led to believe in bitcoin's early days that due to network effects of money --- that there can be only one. So which one? Bitcoin stalled for many years, others chains added innovations - but wait..bitcoin got its act together, wow! they are implementing segwit, lightning is around the corner, and soon they will be able to do smartcontracts too (rootstock). Oh wait....the drama isn't over, bitcoin cash is more profitable to mine, bitcoin is still prohibitively expensive (how many dollars per transaction again??), blockstream is still too dominant, etc... + +Enter OmiseGo. Why is this so fundamentally important to ethereum and crypto? Because instead of trying to figure out which chain is going to dominate or ultimately succeed as digital cash, payments, transfers, microtransactions, store of wealth, machine to machine payments, etc.............. we now have a plasma-based solution that is blockchain agnostic and can truly revolutionize payment technologies with a consumer experience that is likely to be far more user friendly, intuitive and have utility with actual usage. Omise the company is already working on this, has signed up merchants all over southeast asia, and is prepping to dominate the intersections between multiple blockchains, consumers, merchants (McDonalds already!?!$! ..YIKES). + +And remember the big deal we made about the lightning network finally being supported by bitcoin in recent weeks? And how litecoin jumped in market cap when they announced implementation? Well the guy that wrote the book on lightning networks is the same guy that co-authored the plasma whitepaper with Vitalik. + +Oh yes, let's not also forget that all ERC20 tokens can also be seamlessly exchanged in a decentralized, highly liquid manner using OMG tokens. I have come to the conclusion that instead of trying to figure out which blockchain is going to dominate (I still think ethereum and bitcoin - possibly bitcoin cash and dash will enjoy much success), why not invest in a technology that accommodates ALL of them, ties them into a seamless end-user experience, and is completely decentralized while adding significant value to the ethereum network through the bonded relationship that OMG's child blockchain is going to provide? The one ring to rule them all? Maybe.. + +Finally, the fact that investors can 'stake' their OMG to validate transactions, and as such be incentivized to support the OMG network will make OMG tokens even more valuable as tokens are locked in and tradeable supply is reduced. Once this takes off as the folks at Omise and Vitalik himself have envisioned, and OMG expands beyond Asia to take on Europe, Americas, Australia and Africa - the dividends that are to come could very well be enormous. + +We still don't have all the answers yet on how this will play out. How many tokens will be required for staking OMG tokens to validate the network? Ethereum played around with this number for a while, before settling what appears to be the 1,000 mark - similar to Dash's 1,000 requirement to run a masternode. I suspect OMG will lower the threshhold to keep this as decentralized as possible, and they seem to genuinely care about the little guys - the small investors that for far too long have been locked out of the most promising investments due to regulations and restrictions - ostensibly to 'protect' investors. + +I am also curious to know more about the blockchain implementation OMG has in mind. confirmation times per block, size per block, etc. I certainly hope that the Omise team is studying very carefully all the various technologies and solutions that are emerging, including tangle technology - and that they are incorporating the very best elements of each of them to come up with something awesome - something that furthers decentralization and is resilient against cyber attacks, bad actors and so forth. + +Well, this is getting too long. Happy hodling and as always, never invest more than you can afford to lose. Keep your own private keys whenever you possibly can. And remember the folks that made the most hodled the longest, so avoid the temptation to jump in and out for short term gains. Go long..grasshopper. + +...we've ushered in a whole new era at Gamestop. + +On a personal note I'm humbled to be elected to your board and serve as your chairman. We have a lot of work in front of us and it will take time. We're trying to do something to do something that no one in the retail space has ever done but we believe we are putting the right pieces in place and have clear goals: delighting customers and driving shareholder value for the long term. The management team and refreshed board will remain totally focused on these goals at all times. + +We know some people want us to layout a whole detailed plan today, but that's not going to happen. You won't find us talking a big game, making a bunch of lofty promises, or telegraphing our strategy to the competition; that is the philosophy we adopted at Chewy. + +Here are a few things we've done so far: refreshed the board, added technology and retail experience to the leadership team, paid off all our long term debt and strengthen the balance sheet, and we begun laying the foundation for long term growth. Moving forward we want you to judge Gamestop based on our action, not our words. + +Thank you everyone, and as my dad would say, "Buckle up". + +Edit: I have removed the cite to the source. It came from a video (not mine) at the SH meeting and it was requested that video not be taken at the meeting. If mods or anyone want to verify my transcription happy to provide it. +Bonus, this is in a crappy neighborhood and advertising a breath taking remodel https://www.redfin.com/WA/Seattle/9040-3rd-Ave-SW-98106/home/476091?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link +I am 43, 2 kids, I am breadwinner, wife is a good woman but knows zero about finances or cares. + +1. I currently have $2.5M Brokage Stock Account, mostly value stocks that I learned from Warren Buffett (From a high of $3.2M) +2. I have a paid for house ($750k) +3. I have a RE condo worth ($250k) +4. $500k in 401k + +I make around $200k gross (software engineer), I am a negative person and always worry about losing my job and unable to find another one. + +We have 2 very old cars, both are over 120k miles, I want to get a newer car, but the used car prices are crazy. + +Is there something wrong with me? + +&#x200B; + +Additional Information: + +I sold a website(side hustle) few years ago and got $1M out of it, that explains my net worth. I only make $150k and $50k is from Stock Dividends. + +I am a little bit depressed because I thought after selling the website, I can repeat my success, but time after time, it's failure after failure. Maybe it was a one trick pony, and I got lucky once. + +I am not a penny pincher, we actually spent all my salary money besides the dividends and maximizing my 401k, kids are not cheap, and I have no mortgage. If I have to buy a new car, it will have to come from the stocks. + +I came from immigrant family, my dad was very strict with money kind of abusive at times, don't even want to pay $10 for a school field trip, maybe that had impacted me a lot mentally, He saved about $200k in cash but only lived until 49 due to cancer. He worked very hard, and never really get to enjoy life. + +I never had anything growing up, I was told never to waste money, but i really don't want to follow his footsteps. + +If I make $500k per year, I don't think I will have a problem spending more money. + +Thanks for the great and thoughtful replies. +Hi, + +I have a small rice mill in Kadaba, Karnataka (around 1500kg annually). We get paddy from farmers, mill it and give it back to them. A small portion of our operation involves buying paddy from the farmers and selling it to wholesale distributors in Mangalore (around Rs.45/kg). But the profit margin is very low. All of our farmers use organic means to cultivate the rice but they don't have "India Organic" certification because they cant afford the fees. + +I want to explore getting "India Organic" certification for the rice that we buy from the farmers so we can sell it for more margin. Is it possible to get that certificate if you are the mill owner and not the farmer? +I'm Canadian. + +I'm thankful for the free universal healthcare. +But I have a pretty fragile health and it can be tough to get timely + and effective treatment here. + +Any idea where in the world I can go spend my money for quality healthcare? +**rent.com.au (RNT)** + + +**Current price: 22.5c** + + +**Market Cap: $77 million** + +**TL;DR: RNT has everything: sexy website name, BNPL for meme value, disruptive tech, huge (global) scalability potential, a deal with the big boi ANZ bank and backing from the Slatman himself. Invest in it if you like money.** + +Bevan Slattery (henceforth referred to as the Slatman) just pulled out his huge dick and pointed it in RNT's direction and sprayed 2 million dollars all over their faces. Four business days later, the share price has grown +462.5% from 4c to 22.5c. + +I'm here to convince you that this is far from over. Do me a favour and look at what happened to 3DP and IHR after the Slatman decided to invest in them in July and August respectively. In his words, he likes to invest in "disruptive business models that challenge the status quo. If we believe in a business and invest, then our goal is to help management to grow the value of the business and by association the value of our investment. We don't invest in startups and early stage businesses to make a quick profit ‐ if we’re with you, we're there for the long haul". +He isn't just hoping that these businesses will do well, if the Slatman has eyes on you, he will personally come to your house and butter you up himself. He's clearly going to actively help guide management in order to guarantee the value of his own investment. + +Look at [this cheeky screenshot](https://pbs.twimg.com/media/EtWurq7VoAIQPXu?format=jpg&name=medium) on LinkedIn I found where he personally pops up on a random post about rent.com.au to shut down someone calling it a pump and dump. But I digress, this isn't even considering his other achievements and track record with companies like NextDC - take a look into it if you can, you can't deny whatever he touches turns to gold. **Now that we have that out of the way, let's talk about the actual business itself.** + +Rent.com.au (RNT) wants to target and take over the whole renting experience. They want to take care of the entire renting lifecycle in a process that is currently typically very disjointed. There are websites like flatmates or realestate that take care of the process up to finding a place, but after that you're on your own. RNT want to combine the entire process and take care of processes that come after such as renter resume, bond, rent payment management, utilities that are sometimes very confusing or are managed by lots of different places at once. They also want to take care of transitioning from one rental to the other, combining the whole process so that you can stay in the one system the entire time. + +I think what RNT does is really good for the direction that we're going. Lower interest rates and higher house prices are only increasing the amount of people renting, with Australia having ~33% renter households in 2021 and countries like USA and Germany having 37% and 49% respectively. I feel like this will only increase over time with newer generations valuing the flexibility and freedom of moving a lot more (in addition to no one being able to afford a house). Not only that but newer generations are much more willing to pay for digital solutions and convenience. I mean look at UberEats or Afterpay's success. RNT even includes a BNPL-like function with bond payments, where you won't have issues like having to front the new place's bond before you've gotten your old bond back. I'm a huge fan of scalable tech and I really think this is a good way of tying the whole renting experience together and also being able to easily expand to other regions and countries. + +Their next big pipeline announcement item is the launch of the RentPay product this quarter that will allow users to manage and track rent payments automatically. This process in particular I think is currently very antiquated. I'm currently renting and I have to manually bank transfer the real estate agent every month and there's no way for me to confirm that I've paid or even easily check my payment history. It makes the jobs of real estate agents easier as well! If RNT can even successfully capture an extremely conservative 1% (only 25,000 customers in Australia) of market share with this, their analysis indicates a yearly revenue of $2.4million from rentpay, which alone almost doubles their FY2020 revenue. I have no doubt that the Slatman will have a hand in guiding this, with the timing of his investment, and he won't stop at 1%. In addition to this, in the short term, lots of leases expire early in the year, and as sad as it is, the pause on evictions in TAS and ACT due to COVID-19 hardships ended on the 31st of Jan - all resulting in heightened rental demand. + +I won't bore you too much with the financials since you can just go read their reports, but to summarise, 13% FY2020 revenue growth vs FY2019, 27% revenue and 55% earnings Q2 FY21 growth vs Q2 FY20, 2nd consecutive quarter of positive earnings for core rent.com.au portal business. $1.8 million cash on hand, which should last them for 13 more quarters - and that's not even including the $2.75million investment they just received from Slatman and Co. They're not going to need a raising for ages. All sounds gucci to me. What I'm more excited for the RentPay revenue possibilities and the potential of the fundamentals. + +Anyway, I'm just depressed that I probably won't be able to afford buying and paying off a house for what is typically a decades long experience. Ironically, if RNT rockets, I might be able to afford a house and not need to use their service. A man can dream. Otherwise, my investment will only help their business improve and it'll make my renting experience less shit. Sounds like a win-win to me. + +**Now hurry up and go invest in RNT before the ski-ba-bop-ba-dop-bop Slatman hunts you down.** +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) +Sauce: https://www.dividend.com/how-to-invest/history-of-bank-stock-dividends/ + +TLDR: Most banks increased their dividends before the crash. Coming soon to cnbc cramer shouting Wells fargo is fine + + +Copies and pasted pieces of the article with the numbers: + +Before the financial crisis in 2008, many dividend investors flocked to bank stocks for their attractive dividend yields and stability. Since many of these companies paid such attractive and consistent dividends, and appeared to be large stable companies, investors believed that their investments in bank stocks were safe. + +JP Morgan (JPM) + +During the years prior to the 2008 crisis, JP Morgan (JPM ) offered a dividend yield around 3%. By 2008, as JPM’s share price began to crumble, its yield rose above 4%. By February of 2009, JPM’s yield dropped to just 0.55% when the company cut its dividend for the first time since 1990 from 38 cents to 5 cents per share quarterly. This drastic change came as a surprise to many investors. Although many banks had recently slashed dividends, JPM was still considered one of the most stable investment banks, and was one of the last to cut its payout. + +This dividend reduction came soon after the company received $25 billion in TARP bailout funds. JPM’s CEO Jamie Dimon reported that the cut was unrelated to the bailout, and said that this cut was made to allow JPM to have more financial flexibility. The 87% dividend cut helped the bank save $5 billion annually, which freed up capital to repay bailout funds. + +Wells Fargo (WFC) + +San Francisco-based Wells Fargo (WFC ) kept up with its peers by offering over a 3% dividend yield in 2006 and 2007. In 2008, WFC’s yield shot up to 4.5% as its share price fell, similar to other banks at the time. + +Just two months after the bank’s purchase of ailing Wachovia in March 2009, the bank cut its dividend 85% from 34 cents to just 5 cents per share, leaving shareholders with a mere 0.70% yield. The cut allowed WFC to save $5 billion a year to help fund its toxic mortgage losses. + +Bank of America (BAC) + +Charlotte, NC-based Bank of America (BAC ) traded at around $50 prior to the 2008 crisis, and had a dividend yield that exceeded 5% in 2007 and reached 7% by 2008. The banking giant was historically a great choice for dividend investors, but that all changed in 2009 when the bank was forced to cut its dividend in order to comply with government restrictions after taking TARP bailout funds. + +In 2009, BAC cut its quarterly dividend to just 1 cent per share. This left investors with just a 0.23% dividend yield. Since the dividend cut, BAC has made attempts to raise its dividend, but has failed to gain government approval. + +Citigroup © + +In 2006, Citigroup (C ) had a dividend yield of about 4% which increased to over 4.5% in 2007. By 2008, the New York City-based bank had a dividend yield of over 7% as its stock price began to fall. In 2008, Citi was bailed out by the U.S. government for the first time and given $25 billion in TARP bailout funds. By February 2009, Citi had received its third government bailout. The government owned one-third of its shares. + +To comply with the government regulations, the bank suspended its dividend entirely from 2009-2010. In March 2011, the company resumed its dividend, offering a yield of just 0.10%, or 1 cent per share. During this time, C also did a reverse stock split of 10 to 1, making its shares worth approximately $44. + + + +Edit tldr of dividend increases by our friend Walter + +https://i.imgur.com/BH3vMvP.jpg + +Edit 2 Dividend history 2008ish in nominal dolla bills + +https://imgur.com/a/BtA9647 +FOR THE AMC BAG HOLDERS🚀🚀💎💎💎💎💎. + +WE HOLD THE FUCKING LINE. Great moments are born from great opportunity. And that's what you have here tonight, boys. That's what you've earned here tonight. Stonk. If we bought 'em ten times, they might win nine. But not this stonk. Not tonight. Tonight, we hold them. Tonight, we stay with them. And we shut them down because we can! Tonight, WE are the greatest AMC BAGHOLDERS in the world. You were born to be retards. Every one of you. And you were meant to be here tonight. This is your time. Their time is done. It's over. I'm sick and tired of hearing about what great tendies the MM’s have. Screw 'em. This is your time. Now go out there and take it. +I hope I don’t offend anyone with my question. I know there are a lot of people who are real estate investors who do it sort of as a hobby or just rent maybe 2-3 houses and one duplex. What do the guys with 20, 30, 50 million dollars worth of real estate doing? A lot of em started out the same way (flipping houses, renting, holding and selling, etc) and what makes them exceed to that level of commercial and residential? +Haven't seen much talk of Toyota (TM) stock on this subreddit, would love to hear some opinions about the stock. They've got a low P/E ratio compared to their peers, are an undeniable leader in quality and sales, and appear to be a great value. + +&#x200B; + +When I did a discounted cash flow based on an 8% discount rate and moderate growth for the next 5 years (and slower growth for the next 5) I came up with a fair value of $206/share. They also have a nice semi-annual dividend and generate massive amounts of cash. + +&#x200B; + +I'm going to start dollar cost averaging into a position but am wondering why I never see them mentioned...or maybe I'm just missing it? + +&#x200B; + +Their cars are super high quality and hopefully their stock is too. + +&#x200B; + +Current Share Price: $152 + +Dividend: $3.59/year (Yield 2.5%) + +P/E: 14.5 +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. +Hi, I wonder if any of you have seen Aswath Damodaran's youtube courses on valuation and if you find it helpful or any good, and if you would recommend to watch his videos? + +I'm asking because I have seen some split opinions on the guy and his valuations +Basically title says it, would anyone be interested in a mobile app that would replace an Excell sheet and track your cost basis and trades as you run your wheel. You would input your trades and it would make it pretty, I could also make it so you can export it to an Excell sheet. I figured with a bunch of people starting this strategy recently it could be useful or just nice to have. + +If there is interest in this I'm going to need suggestions for a name because I'm a computer science student and I'm not that creative. +Basically title says it, would anyone be interested in a mobile app that would replace an Excell sheet and track your cost basis and trades as you run your wheel. You would input your trades and it would make it pretty, I could also make it so you can export it to an Excell sheet. I figured with a bunch of people starting this strategy recently it could be useful or just nice to have. + +If there is interest in this I'm going to need suggestions for a name because I'm a computer science student and I'm not that creative. +So I purchased a quad a few months back. + +I quickly found out that the tenant in one of the units is crazy. + +She claims there are people walked around her unit with no legs, etc. + +Anyway she was making all the other tenants uncomfortable. + +She’s MTM so I gave her a 60 day notice that I would need the apartment vacated. + +At first she was cool about it. Even said she found another place to stay. + +She said she can’t pay rent for Dec so she can pay first lady and deposit at this new place. Whatever, fine. + +Anyway. Three days ago she give me a call saying she’s not leaving. She owns the building now and if I want her out it’ll have to be by a judge. + +If she want to go that way, that’s also fine. We are in Ohio so evictions are fairly strait forward. + +Since she hasn’t paid Dec rent I can file a 3 day notice to quit for non payment and start the 45 day eviction process. + +The issue is, since she decided she wasn’t leaving she’s been destroying the property by poring water all over the floors. + +Is there a fast way to get her out? Like a special type of eviction for damage of property? +After a succesful presale (200bnb in 4 minutes), the first lottery kicked in. Countdown went from 6 hours to 2 hours right now. + +The current prize is 85bnb to be split between the last 7 buyers. 2 hours left in countdown. + +A countdown is running, once it's over, the last 7 buyers win a jackpot. It’s paid instantly in BNB, avoiding the price dump dynamic after lottery is paid on other tokens. + +One second is added to the countdown for every 5,000 token purchased. So price action not only increases lottery but also push it back. + +The dev team can tweak some of these variables, they’ll run polls weekly to let the community decide on what should be done. + + +The lottery fee on each transaction is 2% (+3% additional fee if lottery countdown is less than 1 hour) + +The tokenomics are also nice, classic safemoon/bonfire reflection and LP. Holders benefit from the price action: + +- 3% Liquidity pool fee + +- 5% redistribution to holders. You can see your balance increase just by holding + +- 50% supply burned. 0xdead gets reflection so more burn. + + +To participate in the lottery you just need to buy 10,000 tokens, if you're good in timing you'd get in the last 7 buyers. + +The countdown + lottery prize and website 👉 https://www.luckinutoken.com/ + +Contract: https://bscscan.com/address/0xB2f7e860E302b18819970ceA41BcFc7349834e81#code + +Buy on pancake: +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xB2f7e860E302b18819970ceA41BcFc7349834e81 + +Twitter: https://twitter.com/luckinutoken + +Liquidity locked: https://dxsale.app/app/pages/defipresale?saleID=2698&chain=BSC + +dev wallet locked: https://dxsale.app/app/pages/dxlockview?id=0&add=0xA3F1f7D23D1fFb0143991a5e50bE4cd1B0dc5cD7&type=tokenlock&chain=BSC + +Ownership renounced: https://bscscan.com/tx/0x1ced850a671d204de031e452b7739e963487cd711ab99814ba24ba96ccbf9ea3#eventlog + +Telegram: https://t.me/luckinu +I'm 27 years old and my net worth is ~$3MM, mostly in stock from the company I started working at when I was 19 but also in real estate and I put 50% of my salary into index funds to diversify since my options are in a single stock. + +**But before the envy kicks in and you start to ask me pointed questions like:** + +*What company do you work for?* + +*What do you do? What did you study?* + +*How did you get to $3MM so soon?* + +**Before you compare my situation to yours...** + +Before you wonder where I went right and you went wrong. + +*Before you feel helplessly behind...and disheartened.* + +**Know this:** + +I just fucking made that shit up. + +I typed into my computer and hit enter. + +It was that easy. + +And I'm neither the first, nor the last, to do it. + +Humans are funny creatures and a lot more people are compelled to tell bald-faced lies in anonymity online than you'd ever imagine. + +While there's little doubt that many of the success stories in this sub are 100% true....many aren't. + +And a great many are embellished...or leave out key details. + +Small details akin to *getting a small million dollar loan.* + +I'm not saying to disbelieve every story you read...this is a place where people of all incomes can feel comfortable sharing a candid snapshot of their finances...but a lot of people are simply full of shit, so don't get down on yourself and wonder where you took a wrong turn when you read a story that sounds implausible. Often when something sounds too good to be true it just isn't. +Home prices have slumped [during the second half of 2022](https://www.cbsnews.com/news/home-prices-latest-mortgage-rates-austin-texas/), with demand for residential real estate cooling off in a number cities across the U.S. Prices could continue to fall by as much as 20% next year as mortgage rates climb and the housing market normalizes in wake of the pandemic, according to a noted Wall Street economist. Source: [CBSNews](https://www.cbsnews.com/news/house-price-fall-drop-2023-mortgages/) + +Also, the 30-year home mortgage rate hits [6.94%](https://fred.stlouisfed.org/series/MORTGAGE30US), highest since 2007 +Snippets of this theory have been shared, and I was one of the first to post about the change of Gamestop's Twitter banner changing from 'Power to the Players' to an advertisement for Far Cry 6. When I made that initial post, everyone asked if my tinfoil hat was on too tight. That Gamestop was just advertising as a game company should. It seems we were all too smooth-brained to see what was really going on. + +u/shortshaventcovered pointed out in the Daily Chat today that there was a countdown. This is not the first this theory has been mentioned, as u/omahabeachwallstreet made a post yesterday about the new banner, which is for Guardians of the Galaxy 3. In it, Starlord is holding up three fingers (well, two fingers and a thumb, but let's not get caught up on semantics). + +So we had 6. Now we have 3. Was there anything in between to confirm this could be a countdown? + +Actually, yes. + +So, the first banner appeared on October 4th, changing from the 'Power to the Players' banner that has been up for months now. It was for Far Cry **6**: + +https://preview.redd.it/4qwsthvnoku71.png?width=2840&format=png&auto=webp&s=f6ae0a33f5acad61145d0e1d37eaca66f40e938d + +Next, around October 9th, we had Metroid ~~Prime~~ **5 (aka: Metroid Dread...see below for more notes):** + +https://preview.redd.it/bk8dg7ypoku71.png?width=2852&format=png&auto=webp&s=e8c8350014268826ca6fbce12c165b344a04cd29 + +Then about a week later, we got Back **4** Blood: + +https://preview.redd.it/u4v3gyqroku71.png?width=2848&format=png&auto=webp&s=479a4a06dcb12059160c5995940814cb95ffb64c + +Now, just a few days later, we get Guardians of the Galaxy **3 (see below for edit)**: + +https://preview.redd.it/2738x28toku71.png?width=1196&format=png&auto=webp&s=8ab105343532fedd7194f42ddd5d148723d27150 + +The countdown seems to be speeding up as well, but that's hard to determine. What is obvious is that this IS a countdown. Twice is a coincidence, but three times is a pattern. And so far, this has happened consistently four times. + +Power to the Players. + +&#x200B; + +Edit: We've got some lively discussion in the comments. As many have pointed out, I am wrong about Metroid Prime 5. This poster refers to Metroid Dread, which, coincidentally, is known as Metroid 5 (see here: [https://www.nintendolife.com/news/2021/06/metroid\_5\_is\_coming\_to\_switch\_as\_metroid\_dread\_and\_its\_2d](https://www.nintendolife.com/news/2021/06/metroid_5_is_coming_to_switch_as_metroid_dread_and_its_2d)) + +Also, others have pointed out that the GOTG poster is for the game, not the third movie. He is holding up three fingers though, so I'm still keeping my tinfoil cap nice and snug. + +This is a theory, but if the next change of the banner sees a 2 in it, well... there are going to be a a whole lot of apes complaining to their doctors about critically jacked tits. + +**(*****My only claim to fame is that I noticed the very first banner change to Far Cry 6. However, all credit for seeing this pattern goes to*** u/ShortsHaventCovered**.** ***A true ape among apes***\*\*.)\* + +&#x200B; + +https://preview.redd.it/b5kd7oziamu71.png?width=1400&format=png&auto=webp&s=52196aa861c81f9917d432524cb75cd5020906cc + +**EDIT 2**: An ape with more wrinkles than they know what to do with sent me this message. I think u/Tailium may be onto something: + +https://preview.redd.it/sjiukptqamu71.png?width=1106&format=png&auto=webp&s=22af20dbe59b5c2567fd1a6496f15eadf094ce9e + +To quote many a hope-filled ape: "I'm ready to be hurt again." +A colleague just started trading. I recommended a strong stock I’ve done good DD on but cautioned it will take awhile to see any gains. + +A few weeks later it increased 20% on some good news and then dropped 5% for net 15%. He’s texting me days later “wtf poison_ivey this stock blows, when is it going to take off??” + +With all the recent hype some people are looking for X00% overnight and expect massive gains with no effort. It’s also really hard to sell when something you own is on a crazy run and FOMO creeps in. + +The key success here is don’t get greedy. Take your profits and protect your capital core. Every stock is different and nothing is ever a sure bet. Lululemon used to be a really strong buy but took a huge dip a few years back because of allegations against the founder + +My average annual return is 20%. It’s not as sexy as making infinite gains on shorts but it means I will retire a lot sooner than I thought I ever could. If one of my tickers hits bigger than I thought I reassess value and often I take my book value and use the gravy to ride that train the rest of the way + +If you could afford to invest $1k per year you could retire w over a million, and way more if you can increase your annual investment more each year. + +Compound interest at a rate of return of 20% after +20 years = $275k ($20k invested @ $1k per year. +25 years = $775k ($25k invested @$1k per year). +30 years = $1.3M ($30k invested @$1k per year). + +After 30 years you could retire and earn an annual income of $78k with a passive 6% interest without eroding that core $1.3M. + +Start small and be patient. Decide what percentage of your capital you are willing to go YOLO on and what amount you need to protect to avoid that “holy crap what have I done I’ve lost everything and I’m going to vomit” feeling. + +Edit: I’ve been investing 7 years. So as many have commented that isn’t long enough to have seen a huge dip and I agree. I don’t want to mislead. + +The point of this post was not to say 20% forever is easy or hard or that everyone should expect that. The point is to protect your capital and take small risks to learn and build. + +Figure out how much pre-tax $$ you need to live every year and divide that by 5%. That’s what you need to retire. + +Also thank you to all the great comments and awards! Sweet dreams xo +I don't know if anyone else noticed, but Friday was kind of a big one for GME. It **ripped face** from $43 up to $75 in the morning session. That was fucking wild, even for this autist's dream of a stock. + +Others have already commented on why this has happened, but I'll summarize for the dunces in the back. In short, the market makers wrote a **LOT** of OTM calls last week, and then had to buy shares to cover when those calls went ITM around noon. This is what caused the absurd spike from $50 to $75 in just an hour and a half. That's the **gamma squeeze** that everyone has been talking about, where MM's couldn't cover fast enough. + +The rest is history, GME closed at $65, and every single call that expired yesterday was ITM. That's fucking retarded. + +What this means, though, is that the MM's/brokers are going to have to deliver a ridiculous amount of shares when these expired options settle. Typically, settlement is on Tuesdays. I've read estimates that 10-15M shares worth of calls expires ITM last Friday. Again, this is fucking retarded. + +Please note that **none** of the above movement relates directly to the short squeeze... but it will. Because there are now 10-15M shares tied up in the clearing houses, there are now even **fewer** shares to be borrowed. There are estimates that the true short interest on this stock was around 300%. Now, with about 20% of the total float **committed to the fucking clearing house** as they sort out Friday's shitshow, I expect true short interest is closer to 500%. + +Demand for GME will continue to pump on Monday. This is a cultural event now, where every lay person can be a modern-day Robin Hood. The shorts are going to have their positions closed whether they like it or not if this continues (which it will). Since there are far *far* **far** fewer shares floating over the next 2 trading days, though, a squeeze on Monday or Tuesday could utterly destroy Melvin and the other shorts. + +If RC even opens his twitter app this weekend, it's over. + +Positions: [Take what's yours, gents.](https://imgur.com/a/7ipopDo) +**Edit: If you don't know any of the acronyms, I've provided definitions at the bottom for you to refer back too and when I originally wrote this I didn't have enough karma to post in SuperStonk so I'm finally posting it here** + +Wall Street has been stealing from Main Street by creating synthetic shorts, using TRS, RRP, futures, DOOMPs and other tactics to bankrupt companies, and have done so for over a decade. + +Individual investors just happened to catch them red handed by buying and holding stock of a company that was turning itself around and is now worth billions (I like the stock). + +The hedge funds decided to continue their illegal activities instead of taking a loss back in January 2021, and now they're so arrogant and so deep in the red that the reported short interest is 226% and the actual SI may be over 1000%, also retail investors now own the float multiple times over because individual investors realised it costed nothing to hold a stock as opposed to hedge funds who needed to pay a substantial daily fee. + +To add fuel to the fire, coordinated campaigns in the media had written countless baseless articles since January 2021, bots had been scripted, shill farms have been paid. This was all because short hedge funds wanted to steal money from regular folk, pensioners, and to be leaches on the global economy. + +They'll blame retail investors for not letting them steal large amounts of money from the world economy, but it was the short hedgefunds which created this problem, added fuel to the fire and now we're at a point that it's been known for so long that a lot of regular pension managers caught wind of this and are now long GME, to hedge against the impeding crash. + +Things that need changing: + +* The banks need to be regulated in regards to leveraging pensions. +* Family offices DEFINITELY need some regulation (read up on archegos) +* There needs to be conflict of interest laws in regards to higher ups in public office being hired by market makers. +* There needs to be jail time for the people responsible, if you want to know which people to jail, let's start with every person connected to the "The Voltron Fund" +* There needs to be checks and balances in regards to media outlet ownership, especially if they're pumping out disinformation campaigns to the general public. +* Who paid these bot scripters, these shill campaigns and these media outlets? Let's follow the money. +* Increase the penalties for financial crimes such as naked shorting to include jail time and fines that are proportional to the size of the firm and damage that they have caused (see South Korea’s penalties for naked shorting) +* Re-examine the naked shorting exemption for market makers +* Move to a t+ 1 or t+0 system +* Require frequent and accurate reporting of SI +* Require a hard locate for all borrowed shares + +In summary the economy was going to crash anyway due to Wall Street stealing from Main Street, I've just "hedged" against it, to protect my pension, my family and my interests. + +Regular people will not be as fortunate and jail is necessary or this will keep repeating while the global economy holds their dick in their hands asking "what just happened"? + +-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- +**Edit: Added definitions below for people who don't know the acronyms and jargon** + + TRS - Also known as total reverse swaps, simple explanation here: https://www.youtube.com/watch?v=JfPtabPipaQ + + RRP - Also known as reverse repurchase agreements, simple explanation here: https://www.youtube.com/watch?v=H_wwzyAGPZw + +Futures: https://www.investopedia.com/terms/f/futures.asp + +DOOMPs - Deep out the money puts, if you don't know what out the money or puts are, explanation can be found here: + +https://www.investopedia.com/terms/p/putoption.asp + +https://www.investopedia.com/terms/o/outofthemoney.asp + +-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + + +**The Voltron Fund** + +Abdiel Global Fund + +Advent Capital Management + +Advisors Asset Management + +Affinity Investment Advisors, LLC + +AH Lisanti Capital Growth LLC + +Apex Capital Management (Dayton, OH) + +Archegos + +Ativo Capital Management, LLC + +Bahl & Gaynor + +Blueshift Asset Management + +Brown Advisory LLC + +Brown Capital Management, Inc. + +Campbell Newman Asset Management, Inc. + +Candlestick Capital Management + +Channing Capital Management, LLC + +Chicago Equity Partners, LLC + +Cinctive Capital Management + +Citadel + +City National Rochdale + +Cooke & Bieler, LP + +Decatur Capital Management, Inc. + +EAM Investors, LLC + +Edgar Lomax CO/VA + +Exchange Traded Concepts + +ExodusPoint Capital Management + +Fiera Capital Inc. + +Fortaleza Asset Management + +Fourpoints Investment Managers SAS + +Glacier Capital + +GlobeFlex Capital, LP + +Glovista Investments, LLC + +Greenoaks Capital Partners + +Group One Trading + +Hanseatic Management Services, Inc. + +Hartford Investment Management + +Herndon Capital Management + +Hightower Advisors, LLC + +Holland Capital Management LLC + +IFP Advisors, Inc + +KG&L Capital Management LLC + +Lombardia Capital Partners, LLC + +Managed Asset Portfolios, LLC + +Mar Vista Investment Partners LLC + +Matarin Capital Management, LLC + +Melvin Capital + +National Asset Management, Inc + +Nicholas Investment Partners, LP + +NorthPointe Capital LLC + +Oakbrook Investments LLC + +Opus Capital Group, LLC + +Paradigm Asset Management Co LLC + +Phocas Financial Corporation + +Piedmont Investment Advisors LLC + +PNC Capital Advisors LLC + +Point Break Capital Management + +Point72 + +Redwood Investments, LLC + +Reinhart Mahoney Capital Management Inc + +Seizert Capital Partners LLC + +Simplex Trading LLC + +Stackline Partners LP + +Steward Partners Investment Advisory, LLC + +StoneRidge Investment Partners, LLC + +Strategic Global Advisors, LLC + +Susquehanna + +The Edgar Lomax Company + +Thomas White International, Ltd. + +Twin Tree Management, LP + +Two Sigma Investments, LP + +Vision Capital Management, Inc + +White Square Capital + +Zevenbergen Capital Investments LLC + +​ + +Primary Industries Represented by Holdings + + Biotech/Biotherpeutics (had to misspell for automod) + Cloud Computing and Servers + AI + Semiconductors + Business Data + Transportation, Shipping, and Logistics + Pharmaceuticals + Healthcare Data + Energy Production + Food Production + Communications Media + Commercial Real Estate + Residential Real Estate + Chinese ADR/ADS in all of the above +What's the minimum I need for my emergency fund? I think 6 months of spending is too much. + +I'm not in a position that I can be dismissed from work, just like that. Anyway, to be dismissed from my work, they need to warn me at least 60 days before. So, that's 2 months' income. + +I save and invest around 50% of my income. + +So, with 2 months' income, I already have 4 months of spending saved. Therefore, I only need 2 months of spending saved in my emergency fund, which equals 1 month's income. + +My car has insurance. I have health insurance. My house has insurance. I have a perfectly fine smartphone and computer. Besides these 2 months of spending saved, what emergency could possibly happen that I'd need more money? (If, for some unknown reason, I need more capital in an emergency, I can always use a credit card and pay off 100% in the next month, considering that I save around 50% of my income). + +I just want to maximize my ETF's investments without having money doing nothing or earning 0.1% in treasury bills or something. + +Thanks for helping. +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. 🤔 + + +**TLDR: I'm not sure what to make of the GME output in my model, because it's currently testing the extreme limits of my algorithms. This post shows those results, gives a partial look under the hood, and an open forum for anyone that wants to discuss or give feedback. In general though... I'm cautiously psyched....** + +**Read Me...** + +GME is currently testing the extreme limits of my model. I spent last night pouring through my model/assumptions and discussing the output with other amazing GME DD'ers (useless and only know their discord names), OT86, zinko83, denied, campasaurus, greenguy and meeps. This post won't give you definitive conclusions, but an update on what I'm seeing, and a partial look under the hood of my model. + +I've been posting for awhile, but I want to make it clear what information you can (and can't) get from me and my model (mostly indirectly asking.... why are you listening to me again?): + +* I don't know everything. I'm not a professional trader. My full-time job is a mathematician / statistical model builder. + + * I got bored during lockdown and needed a hobby. My husband bought me a crochet kit, and I said... meh... I'll build a trading model instead. +* My model has not been peer reviewed, and it'll stay that way unless I can sell it for $$. As long as I'm offering this output for free, it's staying proprietary, so use at your own risk. +* I have backtested my indicators using various machine learning algorithms, and my side-hustle is exclusively trading options using my model. It does very well. I also often show other tickers/years for comparison in most posts. This is the only proof I can give you. +* I have lots of caveats/limitations at the bottom. Read them. +* [I don't feel like posting my methodology/assumptions in every post (plus hardly anyone ever reads them). If you're interested, they're here.](https://www.reddit.com/r/Superstonk/comments/qfeama/options_market_says_the_price_is_wrong_with_delta/) +* My indicators are based on options data, but this post is not an endorsement to buy options. However, you're an adult and can do whatever you want with your money (buy the stocks, buy options, I don't care), just try to be sensible and don't gamble your rent money.... + + * I'll say that options are an easy way to lose a lot of money if you don't know what you're doing, and it's also an easy way to lose money if you do know what you're doing.... + +**Quick Recap** + +[Last week, I posted that Friday (12/10) had the largest GME delta sensitivity test I'd seen.](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/) TLDR: conditions were primed for significant increases in buying volume specifically from hedging, tune of a \~800% increase in hedgie buying than usual, in a test where the underlying price increased 5%. This wasn't a specific target, just a way of showing higher than normal conditions to get hedgies buying stocks for us. + +Conclusion was, something just needed to give GME a boop last Friday to get a booommmm in price. I think that's exactly what happened when RC tweeted around 3pm EST, which led to an \~8% increase in an hour. + +**Graphs** + +So without further delay, here's the graph in question, with the format you're used to seeing (sensitivity test axis scaled 0% to 18,000% so you can see the full-green spike): + +&#x200B; + +[GME 1\/4\/2021 - 12\/13\/2021](https://preview.redd.it/aou2s4nfpj581.png?width=1421&format=png&auto=webp&s=2cc61ddde4c34e8ef6ce3542fb509d3a5206c264) + +The primary indicators included in these graph include: + +• **Delta Neutral (DN)** \- This represents the underlying price that would create a total market delta of 0 across all options (all expiration dates) for a given date and ticker. 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. + +• **Gamma Maximum (GM)** \- This represents the underlying price that would create the maximum gamma across the market. The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +• **Delta Sensitivity Test** \- This is basically a gamma test, but I like this view better visually with my graphs. This represents the % change in the total market delta associated with a 5% increase in the underlying stock price. Significant spikes represent unusually large hedging patterns based on the options mix, and can indicate the potential for significant buying / selling power on the underlying ticker. + +Here's a log-based 10 view so you can see 2020 as well + +&#x200B; + +[GME 2\/5\/2020 - 12\/13\/2021](https://preview.redd.it/r2kdv7uhpj581.png?width=1421&format=png&auto=webp&s=06cfb484c43d0b073f407890ab4460dbd85468ed) + +&#x200B; + +But here's the master question (Y-axis scaled 0% - 500% so you can see the spikes that used to be considered significant)... + +&#x200B; + +[GME 1\/4\/2021 - 12\/13\/2021](https://preview.redd.it/3phty5ijpj581.png?width=907&format=png&auto=webp&s=a8b73eceebb9d2126dff08fd7fe285a6cec1e9ef) + +&#x200B; + +Now before I wrote some wild headline that a 5% increase in GME's price would lead to \~16,600% increase in hedgie buying and collect my karma, I had to stop and think... Why is my model showing this, is it reasonable, and what does this all mean? + +Spoiler alert: You will only get the answer to 1 / 3 of these questions. + +***Why is my model showing this....*** + +I'll start off by saying that I actually make two types of Delta Neutral values. The one you're used to seeing is actually a modified version, which cuts out the extreme limits of strikes with deltas of 1/-1/0. This modification is based on discussions with people in the industry, that say it's not normal to continuously hedge those extreme strikes, like they're not continuously hedging those $1 Puts or $900 Calls anytime the price moves 5%. + +Based on a visual review, various machine learning methods to prove statistical significance, and my own money in the options market, I found that this modified version was superior to the unadjusted DN, and that's what I've been using as a standard. + +The graph below shows the same thing as the first graph, but I added in the delta neutral price if all strikes were included (yellow). Delta sensitivity test scale paired down significantly to 0% - 500% so you can see the normal delta spikes for GME. + +&#x200B; + +[GME 1\/4\/2021 - 12\/13\/2021](https://preview.redd.it/6ktkwm0mpj581.png?width=1421&format=png&auto=webp&s=fe1c90aa7d3f37a4f6ca03ae764353c26a12d5bc) + +&#x200B; + +Log-based 10 view to see 2020 + +&#x200B; + +[GME 2\/5\/2020 - 12\/13\/2021](https://preview.redd.it/qezjohhnpj581.png?width=1421&format=png&auto=webp&s=c21e6003185edc46ff6d1ae6d241f91287ca02b7) + +&#x200B; + +I noticed a few things with this new view: + +* GME worked better with the adjusted DN before July 2021. For example, the price ricocheted nicely off the adjusted DN in March, April and May. +* Then after the June earnings call, the price sunk below the adjusted DN, and eventually bounced off the unadjusted DN in August (accompanied by what I thought was a sizable spike around 100% more potential hedgie buying than usual). +* With the exception of the COVID spring 2020, the two GME DN indicators were generally consistent, with the unadjusted version slightly higher than the adjusted version. This indicated a slightly higher distribution skewed towards the high strikes. +* The indicators started to diverge/converge in cycles after the January spike, with the unadjusted version below the adjusted version (indicating a skew towards the very low strikes). +* The two indicators are very different right now, with the adjusted version holding steady at $192 the past two weeks, and the unadjusted version dipping to $150. +* The sensitivity test spikes are generally highest when the price approaches the unadjusted version. + +Here are a few other graphs for reference that include this new indicator: + +&#x200B; + +https://preview.redd.it/hygb396ppj581.png?width=1421&format=png&auto=webp&s=da173fd64fe98d7e4b65f2330f041f7d3217c794 + +&#x200B; + +https://preview.redd.it/e9qhxm7qpj581.png?width=1421&format=png&auto=webp&s=5cacee60bc332f96872e8a033bfe69e01e4b65ff + +A couple other observations: + +* For these two latest ones, the DN with all strikes is generally consistent with the version that's modified to exclude the extreme strikes. +* The unadjusted version is generally a little higher than the adjusted version +* The adjusted version generally worked better as a lower guardrail, but there are some instances where the unadjusted version seems to work too. + +So here are a couple graphs I whipped up last night to show why GME is diverging so much right now (yes I know... they're not very pretty). First, I'll show graphs for the last two tickers mentioned, which show the distribution of the delta and OI incidence rates by Call / Put delta combination. + +&#x200B; + +https://preview.redd.it/0dv2vcrrpj581.png?width=1423&format=png&auto=webp&s=05cb169169edee95b1ab1f82b6eeb5343090edd9 + +&#x200B; + +https://preview.redd.it/kt6t2nctpj581.png?width=1423&format=png&auto=webp&s=9fff4bd28cf11cbf46729150daa808506cf473cc + +Even more observations! + +* The first ticker has \~12% of its OI and delta distribution at either end of the extreme spectrum +* The second ticker is a little more skewed, but also generally has around 12% of its OI at either end of the spectrum, and 9% to 14% of the delta incidence on the extreme sides. +* Note those extreme are basically what I cut off, and focus on the OI/Delta mix in the middle for my adjusted DN indicators. + +Now here's GME... + +&#x200B; + +https://preview.redd.it/2143whlupj581.png?width=1423&format=png&auto=webp&s=a9492204de9c7e8df72d1e2e5b38c15318685029 + +* Similar to the other tickers, the delta incidence rates at either end of the spectrum is low (4% to 9%), but GME has roughly 35% of its OI at either end of the spectrum, so \~70% total GME OI is located in strikes that hedge funds normally wouldn't actively hedge. + +So how does this all tie back to the ridiculously big green spike? First let's discuss the denominator of the delta sensitivity test: + +* I use the same method for all tickers, so I picked a denominator that would allow me to evaluate opportunities across all optionable stocks. +* I don't use free float, because the volume relative to free float can be very different between stocks +* I wish it was a percentage of 30-day avg volume (or even 5-day), but then that changes so dramatically over time, that any surges can dramatically mute any impact of hedging further down the road. +* So I use the current total market delta as the denominator, because that doesn't normally shift dramatically over time (GME normally has a total market delta that generally stays between \~3M - 4M). However, this DOES create situation where the total market delta gets close to zero, which causes insane spikes when used as a denominator. + +So in my algos, the sensitivity test has the price as the independent variable and tests what happens to each chain's delta if the price increases (or decreases) by 5%. It's basically a gamma test, but I like this view best for helping me identify opportunities for unusual hedging. + +So I think the answer is simple here for why the spike is so high... the total market delta is currently very close to zero with all strikes considered. However, it's a good thing because tickers don't like having a total market delta with all strikes close to zero, or negative.... + +***What does this all mean?*** + +GME is definitely a puzzle box. I generally don't buy into the conclusion that hedgies aren't hedging at all for a few reasons: + +1. GME has generally worked well with my model in the past, indicating hedging still plays a part in the price action. +2. If hedgies didn't hedge, then imagine what would happen during the settlement period? Say 100,000 calls expired ITM, none were hedged and all were exercised (extreme situation for illustrative purposes). That means hedgies would have to buy 10,000,000 stocks through the market within the settlement window, which would skyrocket the price. +3. So much better for hedgies to slowly buy/sell stocks over time so they generally have the right number of stocks on hand before the settlement period. +4. However, there are other methods of hedging besides stock-buying, which will be addressed below. +5. And as shown above, roughly 70% of the GME OI is located in strikes that aren't normally actively hedged because they are too far away from the current price. + +Here are other ideas that came up last night in discussion with OT86, campasaurus, and Zinko83 (I'm not claiming to fully understand these options): + +* "If a market maker has a variance hedge on a stock, they're not actually hedging continuously like they should. They may only start hedging when the price starts going towards extreme situations." +* "I don’t think they’re hedging - like at all. And that’s why the green spikes occur so violently as the price nears the full chain’s DN. Also that’s where we know we can cause then the most discomfort. Right ATM options." +* " usually the RP and the MM are separate portfolio and hedged at different times with different perspectives . you would have a portfolio for the RP and a portfolio for the MM options." +* "I believe it has to do with gamma exposure. Especially for weekly options when the curve goes from a bell curve to a delta function. From my understanding, gamma hedging requires a bit more management, since they have to buy options to cancel out the gamma, then they need to buy shares to cancel out any remaining delta. " + +&#x200B; + +https://preview.redd.it/hw5wac8wpj581.png?width=671&format=png&auto=webp&s=c78db7495fa17648baaf2798572877958b44bd65 + +So basically we are at some crazy unstable point in the price chart … almost like an unstable equilibrium where a slight push can force significant hedging. + +I'm gonna have to stop here, because I have to run to work now, but will try to respond to comments/write more over the day. If things don't go well today... please find a different witch to burn... ya? + +&#x200B; + +[I weigh more than a duck, sir...](https://preview.redd.it/23wroyqxpj581.png?width=400&format=png&auto=webp&s=a24a7cbb7c05b2f067570597b4154d2208e9c508) + +&#x200B; + +**Caveats and Limitations on Use** + +These graphs contain output from my personal model. I am not qualified to provide financial advice, and have no experience trading professionally. This model has not been peer reviewed, so use this output at your own risk. + +This model serves to help Redditors make investment decisions, but still requires Redditors to consider other relevant information, including earnings reports, news, relevant events, momentum and reversion to the mean in the underlying stock. Redditors should think critically about emerging information, and not make decisions solely based on this output. + +In performing this analysis, I relied on raw daily options summaries from historicaloptionsdata.com. I have not audited or verified this data and other information. If the underlying data or information is inaccurate or incomplete, the results of this analysis may likewise be inaccurate or incomplete. + +These graphs are not predictions of the future; they are indicators based on the assumptions. Emerging results should be carefully monitored with assumptions adjusted as appropriate. + +**TLDR: I'm not sure what to make of the GME output in my model, because it's currently testing the extreme limits of my algorithms. This post shows those results, gives a partial look under the hood, and an open forum for anyone that wants to discuss or give feedback. In general though... I'm cautiously psyched....** +I have heard this multiple times across the internet. This sub seems to be a defendant of Mathematical approach, saying anything can be modeled or that it is our assumptions which are wrong, not the approach. However, I have heard a lot of stuff against Mathematical Economics. From the Wiki: + +https://en.wikipedia.org/wiki/Mathematical_economics#Criticisms_and_defences + +> Friedrich Hayek contended that the use of formal techniques projects a scientific exactness that does not appropriately account for informational limitations faced by real economic agents. + +> Heilbroner stated that "some/much of economics is not naturally quantitative and therefore does not lend itself to mathematical exposition." + +> Keynes: Too large a proportion of recent ‘mathematical’ economics are merely concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols. + +> This rapid systematizing of economics alarmed critics of the discipline as well as some noted economists. John Maynard Keynes, Robert Heilbroner, Friedrich Hayek and others have criticized the broad use of mathematical models for human behavior, arguing that some human choices are irreducible to mathematics. + +From https://en.wikipedia.org/wiki/Criticisms_of_econometrics + +> Looking primarily at macroeconomics, Lawrence Summers has criticized econometric formalism, arguing that "the empirical facts of which we are most confident and which provide the most secure basis for theory are those that require the least sophisticated statistical analysis to perceive." + +> The current-day Austrian School of economics typically rejects econometrics, stating that historical mathematical data used to make econometric models represents past behaviour which may change in future and is ineffective at isolating causal relationships. In this they continue their belief that mathematics and statistical methods are mostly unsuited for the study of social sciences. + +I have also heard often that Economics suffer from 'Physics envy'. + +I don't think its hard to see why many people don't like Social Sciences being Mathematical. Human Behaviour doesn't seem to be a thing that can be described by quantities. Yes, we can use simple Statistics to correlate some quantities like the quantity demanded of a good vs the price of the good, stuff that were already in use in Classical Economics. However, modern Economics uses all Mathematics that Physics use - from Linear Algebra to Partial Differential Equations to even Topology sometimes. The fact that after so much mathematical formalism, Economists couldn't predict almost any major crises (like the infamous 2008 Economic crisis) using Maths, kind of takes away the appeal of Maths as it seems cold and useless in Economics. I heard in some online debates that after the crisis happened, many people thought mainstream Economics wasn't really valid and switched to heterodox schools of thought. +My logic goes like this: the further you move along the axis of excludability from private goods towards common goods (and further towards common pool resources), the more inelastic supply of these goods tends to become. This continues until we reach economic land, the supply of which is perfectly inelastic. + +Conversely, I've noticed that as private goods become less and less rivalrous, their supply likewise tends to become more and more elastic as marginal cost decreases. Are these correlations between excludability, rivalrousness, and supply elasticity valid, or am I completely out of my field of competence? + +My conjecture appears to be consistent with all of the economic theory I know, but I have not been able to find any literature whatsoever online that talks about any such correlation. Does it exist or am I somehow completely wrong? + +If there is any merit to my conjecture, would it furthermore be valid to say that a monopolistic good has perfectly elastic supply, where the price is set by the monopoly? I know that we normally say that monopolies don't *have* supply curves, but since monopolies are characterised by lack of rivalry (and are hence correlated with club goods) could this not be a valid characterisation? +I've wondered this for a long time. This is a two part question. + +First, when a multinational corp lists it's shares in the stock market, perhaps say it's listed in Hong Kong and New York...how does the share distribution work? + +For example, if 50 percent of shares are listed in HK, there is only 50 percent available on the NYSE, correct? Or does each exchange get 100 percent of shares, just in different currency? + +This seems cumbersome to me given that these markets open and close at different times and surely the value of share fluctuates due to different currency values and normal stock price shifts in the meantime. + +What happens then if a company is delisted in NYSE? Do investors lose their money? Where does the share value go? +This is more of a trying to learn post. I am 30, 6M$ net worth almost all of it is in the stock market. I have a 0.9M$ outstanding mortgage on a bay area house, about 0.35$M margin at ~1% variable interest, a 30$K car loan. I live with my wife and two cats and we both don't plan to have children (nobody knows how we will feel in the future, but that's the plan for now). + +I ask because while I am usually considered pretty smart in my line of work, I have a habit of thinking it extends to everything, and making stupid mistakes due to it. + +I have recently taken a job at a pre-IPO company, so a lot of my income has turned into paper money, but my spending habits haven't adjusted. So far the returns from Stock markets have covered it but I am concerned I might fuck myself over if a recession hits. + +I hear stories about people losing everything in a crash, but I don't know whats the mechanism of such a loss. Were they over leveraging margin? Too many loans? I would like to understand what scenarios can cause me catastrophic loss and have a plan to cover for that in the next 5 years before I retire. +**EDIT:** I wrote this up 12 hours ago, but I had trouble getting it past automod for reasons. Hopefully it's not too late to be helpful to the thousands of new folks checking us out. + +This is a post for those of you who might have seen our artwork on \*place\* and are wondering why so many people are passionate about both GameStop and fighting Wall Street corruption. + +First, GameStop--here are the fundamentals of the company and why I feel it's a viable investment opportunity. + +Consider the following: + +1. GameStop has zero debt (save for a small loan in France associated with pandemic relief) +2. $1.5 billion in cash on hand +3. rock star Chairman of the Board, Ryan Cohen, who built [chewy.com](https://chewy.com/) in his 20s and sold it for $3.4 billion in his 30s before heavily buying into GameStop in December 2020 +4. new customer care center with 500 employees ([https://news.gamestop.com/news-releases/news-release-details/gamestop-hire-500-employees-new-customer-care-center-south](https://news.gamestop.com/news-releases/news-release-details/gamestop-hire-500-employees-new-customer-care-center-south)) +5. new warehouses in New York, Pennsylvania, and Nevada to expand fulfillment network +6. hundreds of new exec and directors from top firms, including Amazon, Target, Chewy, and Zulily ([https://gmedd.com/report-model/](https://gmedd.com/report-model/)) +7. an NFT marketplace in the works, but under curtains so competition doesn't have the details--We know GameStop is working with ImmutableX (IMX) and Loopring (LRC) for this marketplace, which is why their logos are included on our \*place\* art +8. NFT marketplace that is streamlined and user friendly has great potential, esp. with NFT markets set to grow over **$40 BILLION** in the next three years ([https://www.coindesk.com/business/2022/01/20/jefferies-sees-the-nft-market-reaching-more-than-80-billion-in-value-by-2025/](https://www.coindesk.com/business/2022/01/20/jefferies-sees-the-nft-market-reaching-more-than-80-billion-in-value-by-2025/)); Also helpful: [https://hbr.org/2021/11/making-sense-of-the-nft-marketplace](https://hbr.org/2021/11/making-sense-of-the-nft-marketplace) +9. GameStop closed a number of underperforming stores over the last couple of years to trim excess and focus on high performing stores and online sales +10. complete overhaul of GameStop app in 2021 to be more user-friendly +11. the distinct lack of insider selling--in fact, insiders purchased a boatload more of the stock over the last two weeks +12. GameStop added same-day delivery for their products: [https://www.gamestop.com/collection/same-day-delivery](https://www.gamestop.com/collection/same-day-delivery) +13. GameStop just announced an upcoming vote for a stockholder dividend that will include shares from a stock split, which should ignite a price rise (possibly similar to what happened in Tesla, only with the potential to be a far more dramatic and violent rise). + +**All of these changes happened in the span of a year and a half.** GameStop has set its sights on becoming a large tech company--a major player in the gaming and NFT marketplace, with partnerships including IMX, Loopring, and Piñata. There's also speculation of partnerships with Microsoft, Apple, Nike, Snoop Dog, and others. + +**Wall Street Corruption:** + +It would be worth your time to watch the March 3 episode of "The Problem with Jon Stewart" on Apple TV if you have access to that streaming service. Jon breaks down the problems we here on SuperStonk have discovered. (EDIT:per u/freeleper the episode is available on YouTube as well) + +1. Wall Street banks, hedge funds, market makers, etc. can sell a company "short." How? They borrow the stock and sell it, betting the price of the company will go down. They can then purchase the stock at a lower price and return the stock they borrowed. They pocket the change. +2. Where do they borrow stock? From people like you and me, who purchase stocks through our 401ks, pensions, or personal investments. Whoever holds your stock--be it Fidelity, Vanguard, Merrill Lynch, Chase, RobbingtheHood, etc.--they will often lend your stock out to be sold short. They do this without your knowledge, and they make money on it by charging a lending fee. +3. If you want to ensure your stock can not be lent out and is held in your name, you need to direct register your stock (DRS) with a company's official registering agent. In the case of GameStop, that is ComputerShare ([www.computershare.com](https://www.computershare.com/)). I, personally, have 100% of my GameStop shares held at ComputerShare. Direct registration means your investment is removed from Wall Street's short selling games. +4. The biggest jackpot a short seller can hit is a dying company. If they sell a company short over years, driving its price down, and never repurchase the stock (remove buy pressure) ... and if that company declares bankruptsy ... short sellers never have to repurchase the stock, and all of their gains from selling the company are exempt from capital gains tax. JACKPOT! +5. Never repurchasing the stock you borrow is called failing to deliver. (EDIT: It's one way to fail to deliver--there are others.) Fails to deliver are called FTDs, and there are literally trillions upon trillions of dollars worth of FTDs in our finacial system. ([https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm)) If something takes down the American financial system, it will be FTDs. If you want to learn more about this, read Dr. Susanne Trimbath's book (or listen on Audible), ***Naked, Short, and Greedy.*** +6. Short sellers targeted a number of American retail companies at the start of the pandemic, including GameStop, the p o p c o r n stock, Bed Bath & Beyond, and others. They sold more than 100% of GameStop's shares short, without repurchasing the stock. In one legal filing in a case against RobinHood in February 2021, the court alleged GameStop had 226% of its stock sold short. How can this be, you ask? Crime. Legally a stock can be sold short 120%, which is crazy even in itself. +7. So GameStop was massively sold short, but unluckily for short sellers GameStop made a massive turnaround in the past year and a half and there is zero chance of it going bankrupt. This means there are a lot of shares sold short that will eventually need to be repurchased and returned. +8. The short interest on GameStop is still believed to be more than 100%, and as high as 800%, hidden in derivatives, swaps, ETFs, DOOMPs, futures, and/or other complicated financial mechanisms. You can read all about it in the Due Diligence posts. A lot of smart people have contributed to watching for market signs of how the short interest is being held under a lid. (Hint: ETFs and swaps are a big part of it.) +9. Short sellers of GameStop have so massively dug themselves a hole that it threatens the existence of a number of financial institutions. +10. Expect high volatility in the stock price as financial institutions fight for their existance--they don't call us Diamond Hands for nothing. My hands are diamond because I've held through price fluxuations of $350 to $39, and my hands are diamond because I'm not selling my shares until the price looks like a phone number. I will also diamond hand some shares forever, and never sell them. Why? Because I like the stock, I like the company, and fuk hedge funds, banks, and this corrupt financial system. + +None of this is financial advice, and I am in no way a financial advisor, but if you do decide to invest in GME, many people are registering their shares directly with [ComputerShare.com](https://computershare.com/). This prevents banks, brokers, hedge funds, and marketmakers from using the stock for short selling. + +**Where to start to learn more?** + +[https://gmedd.com/report-model/](https://gmedd.com/report-model/) + +Or the GameStop research library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg), where some of the best financial journalism has happened in the history of humanity. + +If you decide to join this ride, I fully expect to see you on the moon. + +\-Duckdive Firestorm, dumbass meme maker + +**Postscript:** Redditors on this sub, from the beginning, have valued primary source information and peer review. We look at SEC filings, company filings, law suits, FINRA reports, Bloomberg terminal data, etc., for research. We value updating wrong or outdated information on posts, learning and adding new information from one another, and citing credible sources. And we love dank memes, of course, because laughter and poking fun at Powerful Institutions is crucial to win psychological wars. Make no mistake, there are paid bad actors on this sub. 🌎🧑‍🚀🔫🧑‍🚀. Welcome aboard and be discerning. +**EDIT: My maths is slightly off, I added a random $2 somewhere, probably a typo, and carried the error on. I also didn't subtract my initial $1000 from the total sale to calculate actual capital gains, but this was kind of on purpose to demonstrate the concept without getting too bogged down with heaps of numbers. Someone with keen eyes and a wrinklier brain than mine pointed this out to me but the overall concept and lesson still stands. This is most definitely why you should consult with a real accounant not a random internet guy** + +As promised, a follow-up to my comment on the daily thread which I did while I was in the shower with my dick out. So here's a basic guide to tax and how CGT will affect you. This is aimed at noobs, I feel like most people in this Sub will know this and will have neat tips to add, but I'm seeing the same comment about "Ï'm not gonna sell or I'll lose 50%" and I feel the need to clarify, as your friendly (maybe, maybe not) government rep. + +First of all, **Marginal tax rates**. In Australia we pay income tax in various brackets, and our income is taxed depending on which bracket we fall under. + +Here are the marginal tax brackets from the current financial year: + +0 – $18,200 (Nil tax) + +$18,201 – $45,000 (19 cents for each $1 over $18,200) + +$45,001 – $120,000 ($5,092 plus 32.5 cents for each $1 over $45,000) + +$120,001 – $180,000 ($29,467 plus 37 cents for each $1 over $120,000) + +$180,001 and over ($51,667 plus 45 cents for each $1 over $180,000) + +There seems to be a common misconception here, that capital gains are automatically taxed at 50%. This is not true. Though capital gains tax sounds like a separate thing, it's actually just the same as income tax. Think about it this way, a capital gain is an income from your investments. It's like you're a small business owner (whose business is trading stonks) and your return on investing in stocks (or buying/ selling property) is your income, anything you lost because you bought into some speccy miner at ATH counts as Capital loss. + +The difference is, and this is probably why people think CGT is so scary, at your work, your income tax is subtracted before you get it in your account so you don't even worry about it and if they take too much, they refund it. Capital gains are not taxed before hitting your bank and as such you need to treat it as though you're a small business owner and at tax time you'll need to keep money aside to pay tax on the income you made. + +Let's take a real world example. Billy buys VUL at $0.045 because he saw someone pumping it on a Reddit sub. Billy buys $1000 (22 222 shares) worth of VUL (because he's a coward) and forgets about it. Suddenly one day he sees the internet blowing up and finds out his worthless VUL stocks are now worth $11 a pop. He sells them because he's a paper handed bitch and pockets a cool $244, 444. + +**Scenario 1:** Billy sold these stocks before 12 months has passed, he also hasn't earned an income this financial year because he's "in between jobs", therefore his only income would be the gains from this investment. An income of $244,444 would put Billy in the highest tax bracket so he would pay $51 667 plus 45cents per dollar over $180 000. so 0.45 x $64 444 = $28 999.8. Total Tax would be $80 666.80. so he would take home $163 777.2 or 67% of his total earnings. + +**Scenario 2:** Billy has held VUL for over 12 months before selling at $11 which would mean that he only gets taxed on 50% of his total capital gain, or $122, 222. This would put Billy in the second highest tax bracket so he would pay $29,467 plus 37 cents for each dollar over $120 000. This means a total tax owed of ($2222 x 0.37) + $29 467 = $30,289.14 giving Billy a total profit of $214 154.86 or 88% of his profits. + +**Scenario 3:** Billy actually has a job at KFC flipping tendies, and makes 30k per year. so in this scenario, he would need to add his capital gain onto his 30k per year which would mean he would need to pay tax on $274 444 using the same method as above. In this scenario remember that the 30k is already taxed before coming to Billy, so he would just pay the difference. The same applies for any income. Capital gains is added to your total income and taxed at the appropriate rate. + +There are a whole lot of other tricks and tips to this. For example if you self manage your super fund, you get a 33% discount on CGT after holding a year. If you sell after retirement while managing your own super you get further discounts. This is all stuff to ask your accountant, and if you take anything away from this, it's GET AN ACCOUNTANT. Best $150 you'll spend this year. + +So take away, please do the maths and figure out how much tax you'll owe. Don't spend all your money before tax time and then suck dicks to pay the ATO. + +Keen to hear anything else I've missed, or anything I could have explained better. +TLDR: Robinshit and Shitadel are being set up to take the fall. Gensler scared at hard questions. No mention of DRS. Episode was good, but still sus. Don’t fall for their bait. Buy, DRS, and hold until the system breaks. Take this episode with a grain of salt and a serious amount of skepticism. + +Don’t get me wrong, the episode was incredible, especially the jabs at Mayo boi. Why is Robinhood and Citadel at the center of all this? It’s clear, they are being set up to take the fall. Be smarter than this apes. Over 60 institutions, including most of the PFOF brokers that also shut the buy button off. + +Maybe it’s partially our fault for putting most of the blame on Citadel and RobinHood. We laid out the perfect scapegoat. I appreciated Jon asking the tough questions to Gensler. But to see Gensler back pedal and get almost scared didn’t surprise me. + +Don’t forget that we are fighting a war on multiple fronts. We are fighting enemies that we can’t see. There weakness is our ability to hold. We are fighting the institution that is controlled by the elite, who don’t want to lose the one thing more important than money, their power. + +It’s not just Shitadel and Robin Da hood. This should not be another 08 where one firm goes down, 1-2 guys go to jail to appease us, and we make a pretty amount of money, but nothing changes. + +I want the banks to disappear. I want truly free and transparent markets with instant settlements. I want it to be impossible to naked short anything. I want our politicians to be free from corruption. + +There is only one way to declare war on this system. DRS your shares and hold. Why no mention of DRS Jon? That is sus enough to me. He is not an ape. He is still part of the media and we need to continue to remain vigilant. Don’t be satisfied with hearing what you like to hear from some figurehead. + + +Edit: Wow guys, I didn’t really expect this post to blow up. I’m really happy with the conversations that are taking place on the threads of this post. This is why I love this community. Thank you all for the awards and I’ll see you all on the moon! Keep ‘em on their heels, it’s time to continue being relentless! +What's up everyone. Here's an updated list of "Popular" stocks with share price under $50 (for smaller accounts). + +It's been a busy holiday season, but soon I will add a metric for trend value (similar to RSI). + +People always ask me what are my favs to sell on this list, so here they are: + +**FUBO** \- Could be a good time now? Stock down massive in the last 7 days. + +**ARCT** \- Same situation as FUBO. Stock dropped 50% yesterday and is down 65% in the last 3 weeks. + +Others: **CRSR, PLTR, CODX, PSTH, DKNG** + +Good luck to all! + +&#x200B; + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|CODX - Co-Diagnostics Inc|274M|$9.73|220%| +|MARA - Marathon Patent Group Inc|692M|$11.05|210%| +|RIOT - Riot Blockchain Inc|1.16B|$17.30|195%| +|AMC - AMC Entertainment Holdings Inc - Class A|235M|$2.15|182%| +|FUBO - fuboTV Inc|2.25B|$32.80|169%| +|BLNK - Blink Charging Co|1.47B|$44.88|155%| +|LAZR - Luminar Technologies Inc - Class A|7.9B|$35.59|146%| +|SBE - Switchback Energy Acquisition Corp - Class A|1.29B|$41.04|140%| +|GME - Gamestop Corporation - Class A|1.34B|$19.25|139%| +|DGLY - Digital Ally Inc.|63.6M|$2.38|126%| +|APXT - Apex Technology Acquisition Corp - Class A|551M|$15.38|123%| +|ARCT - Arcturus Therapeutics Holdings Inc|1.14B|$45.97|122%| +|SRNE - Sorrento Therapeutics Inc|1.9B|$7.17|121%| +|HYLN - Hyliion Holdings Corporation - Class A|2.57B|$16.61|118%| +|JMIA - Jumia Technologies Ag - ADR|0|$42.27|117%| +|CRSR - Corsair Gaming Inc|3.39B|$36.86|111%| +|RIG - Transocean Ltd|1.4B|$2.29|110%| +|NKLA - Nikola Corporation|6.13B|$15.97|109%| +|ACB - Aurora Cannabis Inc|1.24B|$8.71|109%| +|APHA - Aphria Inc|2.1B|$7.05|108%| +|TLRY - Tilray Inc - Class 2|1.15B|$8.61|107%| +|WKHS - Workhorse Group Inc|2.56B|$21.20|107%| +|NIO - NIO Inc - ADR|49.8B|$48.08|104%| +|XPEV - XPeng Inc - ADR|0|$42.08|95%| +|CRON - Cronos Group Inc|2.58B|$7.25|94%| +|BBBY - Bed, Bath & Beyond Inc.|2.35B|$18.68|94%| +|PLTR - Palantir Technologies Inc - Class A|36.9B|$25.02|93%| +|PLUG - Plug Power Inc|14.2B|$34.17|90%| +|SPCE - Virgin Galactic Holdings Inc - Class A|5.63B|$23.90|89%| +|PSTH - Pershing Square Tontine Holdings Ltd - Class A|5.39B|$26.94|87%| +|GRWG - GrowGeneration Corp|1.52B|$41.47|85%| +|CNK - Cinemark Holdings Inc|2.1B|$17.66|84%| +|HOME - At Home Group Inc|991M|$15.33|80%| +|X - United States Steel Corp.|3.71B|$16.81|78%| +|COTY - Coty Inc - Class A|5.35B|$6.97|75%| +|GLUU - Glu Mobile Inc|1.57B|$9.15|74%| +|HUYA - HUYA Inc - ADR|344M|$20.00|73%| +|LL - Lumber Liquidators Holdings Inc|902M|$31.36|72%| +|SAVE - Spirit Airlines Inc|2.43B|$24.82|71%| +|M - Macy\`s Inc|3.74B|$12.09|71%| +|CCL - Carnival Corp. (Paired Stock)|24.1B|$21.68|71%| +|PRPL - Purple Innovation Inc - Class A|1.91B|$31.34|70%| +|NCLH - Norwegian Cruise Line Holdings Ltd|5.51B|$25.55|70%| +|AAL - American Airlines Group Inc|9.77B|$16.07|69%| +|CGC - Canopy Growth Corporation|9.39B|$25.39|68%| +|DKNG - DraftKings Inc - Class A|19.2B|$48.84|68%| +|OXY - Occidental Petroleum Corp.|16.7B|$17.82|67%| +|FEYE - FireEye Inc|5.25B|$23.18|66%| +|UPWK - Upwork Inc|4.48B|$36.67|66%| +|CLDR - Cloudera Inc|4.4B|$14.11|66%| +|IQ - iQIYI Inc - ADR|12.8B|$17.52|64%| +|UAL - United Airlines Holdings Inc|13.1B|$44.37|58%| +|RKT - Rocket Companies Inc Class A|2.44B|$21.12|58%| +|BIG - Big Lots Inc|1.62B|$43.83|55%| +|HAL - Halliburton Co.|16.9B|$19.11|54%| +|WDC - Western Digital Corp.|15.1B|$49.48|54%| +|SNAP - Snap Inc - Class A|60.9B|$49.57|53%| +|LB - L Brands Inc|10.6B|$37.97|53%| +|GPS - Gap, Inc.|7.66B|$20.50|52%| +|ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean|4.61B|$28.27|50%| +|GE - General Electric Co.|93.8B|$10.74|49%| +|DAL - Delta Air Lines, Inc.|25.9B|$40.45|48%| +|PCG - PG&E Corp.|24.5B|$12.36|48%| +|DISH - Dish Network Corp - Class A|16.6B|$31.49|47%| +|UAA - Under Armour Inc - Class A|7.36B|$17.48|47%| +|MGM - MGM Resorts International|15.4B|$31.16|46%| +|PBR - Petroleo Brasileiro S.A. Petrobras - ADR|23.5B|$11.20|46%| +|DBX - Dropbox Inc - Class A|7.13B|$22.64|45%| +|VALE - Vale S.A. - ADR|89.6B|$16.87|45%| +|TEVA - Teva- Pharmaceutical Industries Ltd. - ADR|10.5B|$9.62|44%| +|LUV - Southwest Airlines Co|27.4B|$46.32|43%| +|INTC - Intel Corp.|200B|$48.83|41%| +|ALLY - Ally Financial Inc|13.2B|$35.22|41%| +|WBA - Walgreens Boots Alliance Inc|34B|$39.31|40%| +|ZNGA - Zynga Inc - Class A|10.5B|$9.70|40%| +|BP - BP plc - ADR|71B|$21.05|39%| +|ARKF - ARK ETF Trust - ARK Fintech Innovation ETF|1.95B|$49.83|39%| +|WFC - Wells Fargo & Co.|123B|$29.78|39%| +|GM - General Motors Company|59.9B|$41.88|38%| +|DB - Deutsche Bank AG|22.5B|$10.88|38%| +|F - Ford Motor Co.|34.6B|$8.86|36%| +|XOM - Exxon Mobil Corp.|176B|$41.70|36%| +|GOLD - Barrick Gold Corp.|41.3B|$23.24|36%| +|WMB - Williams Cos Inc|24.2B|$19.95|36%| +|NOK - Nokia Corp - ADR|2.55B|$3.90|35%| +|FOXA - Fox Corporation - Class A|17.3B|$29.11|34%| +|HPQ - HP Inc|31.4B|$24.39|31%| +|BK - Bank Of New York Mellon Corp|36.9B|$41.70|31%| +|WORK - Slack Technologies Inc - Class A|20.7B|$42.39|31%| +|BAC - Bank Of America Corp.|259B|$30.02|30%| +|FIT - Fitbit Inc - Class A|1.67B|$6.80|30%| +|PFE - Pfizer Inc.|204B|$36.77|28%| +|MO - Altria Group Inc.|75.7B|$40.70|26%| +|HSBC - HSBC Holdings plc - ADR|106B|$25.91|26%| +|T - AT&T, Inc.|203B|$28.48|25%| +|KR - Kroger Co.|24B|$31.58|24%| +|CSCO - Cisco Systems, Inc.|188B|$44.52|21%| +Just kidding. They're not. But what in the actual fuck is going on with the mods and this sub right now? Any posts are getting taken down under rule 2. + +Yet u/blowtestmebaby can spam the shit out of the sub every few minutes with BS posts that are downvoted into oblivion? Something seriously fucked up right now. We have an 8+ million community right now and there's nothing getting through the mods/auto-mods except for a sparing few posts. + +What in the actual fuck. Whether you think GME or AMC are garbage or not, this is NOT WSB. + +Edit: also funny how this is the first post in the last few hours that I've attempted to post (of many) that didn't get filtered out by the auto mod. And see title. 🤔 + +Edit 2: looks like u/blowtestmebaby either got banned or posts removed (finally). Not sure how it got through automod in the first place. But either way, quality posts are being rejected and it's fucked up. Just a heads up for people to be skeptical what you're seeing out of this sub. Do your own DD and don't be influenced by "bots". Buy/sell/hold whatever YOU want, when YOU want. + +[](https://i.imgur.com/WuDs8AL.jpg) +I’ve had and loved my Discover card for six years. Never had an issue before. + +Last week, I noticed three almost $100 charges ($99, $99.80, $99.85) from gas stations in a state I’ve never been to. I still have my card and never lost it. I called Discover to let them know I did not authorize those charges. They were helpful and let me know I am not liable for those charges, to stop using my current card, and that they’d send me another card. + +Yesterday, I got a Mint notification that my credit score had dropped from ~780 to 710, because Discover closed my longest line of credit, and I went from an average 4 year history to under 1. + +I plan on trying to call back tomorrow to ask to reopen the account but issue a different card. Is this possible or is there something else I can do? I may need that credit to buy a home in a few years. If I need to rebuild I plan on applying for a few cards now so I won’t take another average age hit in the future. + +I don’t think I should have to take a major credit hit because of a fraud that wasn’t my fault. Any help would be appreciated!! + +TL;DR - Discover closed my account and credit scores dropped because of the updated account history factor. What can I do to raise it again? +A lot of people, especially in this subreddit, try to rationalize the extreme rise in house prices over the last decade and over the last 2 years specifically. They cite seemingly valid reasons such as lack of high density zoning, permit restrictions, low building in the past decade after the 08 bust due to developers' wariness to overdevelop, NIMBY's, etc. However, this extreme rise in house prices is happening EVERYWHERE in the first world, not just the USA. I cannot believe that the above reasons are universal worldwide, as countries must have different zoning and construction laws. So what is the true reason of the rise in house prices we are seeing? It must be something else than the above. + +My suspicion is: Is it as simple as low interest rates + the oversupply of money created by the FED (inflation)? +*Title edit*: it’s not proof - but by staying quiet and posting AMC friendly content, Superstonk is essentially allowing the mainstream media to group GME and AMC together - not just to unsuspecting investors - but to regulators as well. + +I say this as respectfully and as politely as possible. + +There is only one company here that’s doing a turnaround that’s going to be remembered in the business world for decades. + +There’s only one company that has over 100% of the stock shorted. + +There’s only one company speaking with their actions and not their words. + +Invest in what you want, but this is a GME MOASS sub and the only discussions regarding AMC around here need to be pointing out that AMC is a distraction and strategic move by parties on the short side of GME in multiple ways. + + +There’s only one MOASS guys. There’s only ONE fucking MOASS. + + + +This is not financial advice. I just like +The stock and I love fellow apes so want to do my part to spread the awareness as the truth has been slowly quieted. + +Moderators need to also do a better job of following these rules themselves honestly as I’ve noticed one in particular continuing to post and talk about AMC here in a positive manner. + +Stop supporting AMC here at Superstonk. If you think AMC is not a play by those on the wrong side of GME, then kindly keep that to yourself or discuss that on another subreddit and while here, please respect that GME is the only MOASS and that apes here will do what they can to spread awareness about how ever since January AMC has been their biggest play and that they’ve been trying to suppress that information and make it more accepted. + + +——- + +*edit*: For those who say that everybody already knows this? No…. Not everybody knows this.. + +https://www.reddit.com/r/Superstonk/comments/o04xrt/amc_day_is_proof_theyre_trying_to_get_amc_and_gme/h1tb49k/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;context=3 +So I first dipped my toes into options trading a few years ago. I had previously been swing trading stocks so I had a couple years of experience before that, but the leverage and potential returns that options provided really piqued my interest. After it was all said and done, I lost almost $20,000 buying options. After realizing that someone was getting all of this money I was losing, I learned about option selling and haven’t looked back since. + +I recently posted my YTD performance [here](https://www.reddit.com/r/thetagang/comments/i0mkv3/10k_to_100k_in_5_months_23k_in_deposits_and_67k/), and received a lot of questions about how I did it. My strategy changed over time, but I first started with credit spreads, which may be applicable to more people since it’s a strategy that works with smaller accounts too. I got a lot of questions about how I played credit spreads and it’s tough to completely explain what I do through a comment here and a comment there so I created this guide explaining my exact approach to trading credit spreads. Here you go: + +This is a wall of text, so if you're a more visual learner, here's a link to videos explaining all four parts: + +[Part One](https://youtu.be/J12HR1Ax2k0) + +[Part Two](https://www.youtube.com/watch?v=l1mlknat5qA) + +[Part Three](https://youtu.be/Uu7_8856nZw) + +[Part Four](https://youtu.be/2p5nlczCcFo) + +#Part One: The Basics + +So what is a spread? A high level conceptual explanation is that you’re essentially betting on a stock to finish above or below a certain price upon expiration. One of the advantages here is that you can set this number out of the money, so if a stock is trading at $100, you can bet that it’ll remain below $110 by a certain date. This is a bearish position, so if you’re correct and it goes down, you’ll make max profit. The catch though is that even if you’re wrong, you basically have a 10% upward cushion before you start to lose any money. So the easiest way to describe it is a strategy that lets you make money if you’re right, but also make money if you’re slightly off. + +How does it work? So in the above example, if we were bearish on a stock we would open what’s called a call credit spread. We could set it up where we sell a 110c for a credit of $1.50, and buy a 115c for a debit of $0.50. This means that in this transaction we receive $1.50, and pay $0.50 for a net credit of $1. That credit is your max profit on the play. If you’re familiar with options you’ll know that if the stock finishes at or below $110 upon expiration, both of these calls will be worthless. That’s great news for us because the long leg we bought (115c) for 0.50 will be a loss, but we’ll get to keep the full $1.50 from the short leg (110c) that we sold, resulting in us realizing our max gain on the trade of $1. + +Why not just sell the 110c and collect the full $1.50? While it cuts into our profits, the reason we buy the 115c in this example for $0.50 isn’t to cut into our profits when we’re correct, but rather protect us when we’re wrong. If the stock in the example stays below $110, we’re good to go and we’ll hit max profit. But what if it goes to $120, $150, or something crazy happens and it hits $200. If the stock hits $150 upon expiration, that 110c that we sold for $1.50 will be worth $40, meaning that we’ll incur a $3,875 loss in pursuit of a $150 gain. We’ve seen crazy run ups from the likes of TSLA and ZM lately, and people who sold what we call “naked options” got absolutely killed. With our spread, yes our 110c will be worth $40 meaning we’re down $4,000 on that position, but the 115c we bought behind it will be worth $35 meaning we’re up $3,500 there for a net loss of $500. Additionally, we get to keep that $1.00 credit we received up front no matter what, so our loss with this spread is actually $500-$100=$400 as opposed to the $3,875 loss that we would’ve seen had we sold the 110c by itself. THAT is the value in selling a spread as opposed to a naked option. + +Why are you multiplying everything by 100? Each options contract is worth 100 shares, so a contract that is trading for $1.50 actually costs $150 to purchase. + +Another high level point I like to make is that there are really 5 different things that can happen when you make a play. Let’s say you think a stock will go up. It can (1) go up a ton and you’d be correct, (2) go up a little and you’d be correct, (3) trade flat and you’d be incorrect, (4), go down a little and you’d be incorrect, or (5) go down a lot and you’d be incorrect. With a bullish spread, you’d hit max profit on 4/5 , or 80% of the possible outcomes, whereas if you bought stock or purchased an option you’d only be profitable on (1) or (2). Obviously the actual outcomes are a little more complex, but for a base-level understanding of the advantages a spread provides, I think this is a good way to look at it. + +So that’s the value of a spread. A lot of traders are introduced to option selling and are scared of the prospect of incurring a huge loss like we mentioned above, but using credit spreads is a great way of receiving the benefits that selling has to offer while limiting a lot of the risks. So let’s move onto actually opening a spread. + + +#Part Two: Making the Trade +So for actually opening a spread up, we have a four-step approach we take: Pick a Stock Pick a Direction Pick a Strike Price Execute the Trade + +**1: Picking a Stock:** + +One of the most important things I tell people is to trade what you know. I have a watchlist of 25-30 stocks that I watch and get familiar with during the day. That way if I recognize a good opportunity, I’ll have a decent base of knowledge to rely on to make what I feel is a smart play. It’s super easy to get caught up in the “stock of the week” and try to jump in on a play because a ticker is in the news. If you’re not familiar with a stock, don’t trade it. + +For this example (the one used in the video), Wayfair was trading in a 195-210 range for a little bit and then had a big day where it broke up out of that range and up towards $220. This was an unusual move that I noticed since it was on my watchlist, so I decided to make a play. + +STOCK: WAYFAIR + +**2: Picking a direction:** + +So if we look at Wayfair’s YTD chart, it has exploded this year. A clear upward trend, but a recent trend that I noticed from following the stock was that every time it broke out like this, there would be a little bit of a pullback afterwards. Additionally, I felt the stock was overvalued on a fundamental basis (had a negative book value at the time of the trade) so I wanted to play this stock back down. This is probably the quickest and easiest step of the four, since you’ll likely already have an opinion on most of the stocks that you follow. + +DIRECTION: DOWN + +**3:Picking a Strike Price:** + +So we know that we’re going to be playing Wayfair back down, but now the question is what spread are we going to set up to do that. In this example Wayfair was trading at $218.42 at the time that we decided to make this trade. In the video we illustrate a trading channel that Wayfair was at the top of. It was also approaching the ATH of $221.54. A lot of the time that will act as resistance for a stock, meaning it’ll bounce down off of it. So in order to give ourselves a bit of a cushion we decided to set our short leg at 222.50, meaning that we’re playing the stock to stay below $222.50 by the end of that week. + +So with this play it means in plain English that if we’re correct and the stock goes down, we hit max profit. But if we’re wrong and it goes up, we still have a $4.08 cushion before we’re not hitting max profit anymore. So we could be a little wrong, have the stock go up a few dollars, and still walk away with max profit. + +STRIKE PRICE OF SHORT LEG: $222.50 + +**4: Executing the Trade:** + +I’ll be the first to tell you that when I started trading spreads I didn’t realize you could open both legs of the spread at once. I was stupid. I would like to think I’m at least a little bit smarter now. If you look at the options screen for most brokers, you’ll just see single legs. Switching over to “vertical” allows you to set up the entire spread in one trade. If you use something like RH, there’s a feature that allows you to select multiple options, so you’ll select the one you wish to sell (short leg) and the one you wish to buy (long leg). + +In this example we selected the 222.5/227.5c spread, meaning that we sold the short leg of 222.5 and the long leg of 227.5. The net credit was 1.45, which is our max gain on the trade. A wider spread gives a larger credit but also increases max loss. This is a $5 wide spread but we could have made it a tighter spread with a $2.5 width. Typically the best risk to reward ratio is on the tightest spreads, but a slightly wider spread will raise your breakeven price and studies have shown that it actually results in better expected value long term. + +Circling back to the credit we received of $1.45, this means that our max profit was $145 and our max loss was $355 for each spread that we sold. We know that because our broker tells us that, but a quick way to calculate it is the width of the spread minus the credit. A $1.45 credit on $5 wide spread means a $5-$1.45=$3.55 max loss. + +When I evaluate trades like this I look for a max profit to max loss ratio of 1:2 to 1:4. Based on different scanners I’ve seen, the best expected values tend to fall on spreads within that risk/reward ratio. The ratio on this trade is 1:2.44. + +So we put our order in for a credit of $1.45, it filled, and now we get to sit back and watch. Sometimes your order won’t fill right away. In fact, most of the time it won’t fill right away. It’s important to be patient with your fill price and not chase it downwards. We want the highest credit possible. So if the credit on these spreads dropped to 1.30 when I was trying to place an order, it usually isn’t a great idea to drop my order price down to 1.30 just to get a fill. The only time I would recommend that is if you’re trying to open a spread right before the market closes. Otherwise, hang tight. Patience pays. + +#Part 3: Managing the Trade + +So now that we’ve made the trade, it’s time to manage it. In my opinion one of the best parts about trading spreads is that they don’t require active management. You get to sit back and watch the price. Once the trade has been opened, which is also quick, it takes very little effort. + +So with the Wayfair example we used, our analysis turned out perfectly, as Wayfair touched the ATH and dipped back down to end the week safely at $214. We hit max profit on that trade, but what if the trade goes against us? That’s what we’ll take a look at in this section. + +One thing we didn’t address in part two is when to open the trade. We like opening spreads on Mondays and Tuesdays, and monitoring them during the week. This is the part of my strategy that is a little bit controversial, as there is a (legitimate) school of thought that selling spreads about 45 DTE is better value. I like that idea and if you would rather do that then absolutely go for it. It’s important to trade what you’re comfortable with. All of the lessons in here still apply to that strategy. With that said though, I stick with the weekly strategy of opening them at the beginning of the week and look to close them throughout the week. + +The way I see it, your % of max profit should be the metric you’re looking at when deciding what to do with a spread. Divided up equally, that means if you progressed through the week to max profit in a linear fashion, you would be at 20% of max profit on Monday, 40% on Tuesday, and so forth. A good rule of thumb I use is that if you’re ever on the fence about whether or not to close something out, do so if your return exceeds the linear return for that day of the week. The market can move quickly and I’ve had several times where I have regretted not closing a spread out. It’s important to take profit. + +Another thing I’ll add to this is that this weekly strategy gets a little risky on Thursday afternoon headed into Friday. If your spread is remotely close to being in the money on Thursday afternoon, close it out. Now that I type that out I realize that may all sound a little convoluted, but it’s better visualized in the video I’ve linked for this section. + +Now let's get into what happens if a trade really starts to move against you. With the strategy we use there are really two options: (1) Close the trade for a loss and move on, or (2) Roll the strikes higher. + +The first option is pretty self explanatory, but a quick note I want to add here is that you can have a stock move way against you but still be able to close the trade for less than max loss. The example I use in my video is I played FB earnings, thought it would go down, but it shot way above my spread and well into max loss territory. We opened a 245/247.5c spread for a credit of $0.54. FB was reporting earnings on a Thursday night and we sold this spread that expired the following day, so there wasn’t a ton of time to manage it. Long story short, FB killed earnings and shot up to $256 that morning. Really not a prayer that it would come back down to the spread I opened by the end of the day. But despite the fact that this trade went way against us and we had almost no time to manage it since it was a Friday play, we were still able to close out for a debit of $1.90. Yes that’s a loss of $1.36 per spread, but we SAVED an additional $0.60 cent loss by avoiding a max loss debit of $2.50. That’s another benefit of spreads. + +Let’s talk about option two. This is the best option to use if you’re confident that you’re correct about the ultimate price action on a stock, but you need a little extra wiggle room on the trade. For this example we’ll look at a TSLA call spread that I opened. TSLA was trading at $1542 after an incredible run, so I figured I would play it below 1600 with a 1600/1610c spread that offered a credit of $2.52. As is the theme with this section, TSLA exploded the following morning (Tuesday) and went all the way up to $1794 at one point. My spread was literally almost $200 out of the money. One of the biggest possible moves against myself that I had ever seen. Despite this crazy move, it was only Tuesday and we were able to close the first spread for a debit of only $5.25 (as opposed to a $10 max debit). We opened 6 of these off the bat so this was a loss of $1638. From there we “rolled” our strikes higher, opening 10 1750/1760c spreads for a credit of $3.45. So the closing and subsequent opening of a spread like we did here is what we are referring to when we say we “rolled the strikes higher”. + +By the end of the week TSLA had finally crashed a bit and it finished at $1506. This meant the second of spreads we opened were easily max profit. And while we lost $1,638 on the first set of spreads we opened here, we profited $3,450 on the second set of spreads so we were able to still finish the week with a $1,812 profit on TSLA. The funny thing with this one is that the original spread would have hit max profit since it dropped all the way back down to 1500, but we would have had the same result had TSLA finished anywhere below 1750. + +Rolling the strikes higher gave me extra breathing room and turned a potential disaster into a profitable trade. One thing I’ll add though is that with this method you do run the risk of increasing your potential max loss. Because of that, I’ll only roll my strikes higher ONCE. Anything past that is chasing a losing trade. If I roll my strikes higher and it’s still going against me, I’m at the point where I need to accept the fact that I don’t fundamentally understand a stock as well as I thought I did and move on. There is always another trade out there. + +The final point I’ll add to this is ALWAYS CLOSE OUT YOUR SPREADS. The only time I’ll let a spread expire worthless is if my spread is OTM by a crazy amount and it would quite literally take a historic after-hours move on Friday to take me back ITM. Other than that, close your spreads out. Even if it’s just for a $0.05 debit. It may seem annoying but I’ll tell you why in the following section. + +#Part 4: Additional Risks and Considerations + +I will start this section by saying I’ve never been impacted by any of the following risks, but it’s important to be aware of 100% of the possible outcomes of your trade before you enter it. They’re infrequent but this really wouldn’t be a comprehensive guide if I omitted them. They are as follows: (1) Early Assignment, (2) Dividend Risk, (3) Pin Risk. + +**1: Early Assignment:** + +The best way to start this section is by talking about why your max loss is actually your max loss. We know it’s quickly calculated as the width of your spread minus the credit, but why is that? + +Let’s use a 110/115c spread as an example. We’ll say we received a credit of $1. We know that if the stock finishes anywhere below 110 then both legs are worthless and we’ll hold onto that $1 credit. But what happens if we’re in a max loss position. Let’s say the stock finishes at $120. + +In this situation the short leg (110c) we sold would be worth $10 (120-110), meaning that we would owe $1,000 on that position. The long leg we bought would be worth $5 (120-115), meaning we are holding a position worth $500. The net effect is a $500 loss, but remember that’s netted against the $100 credit you received, so it’s a max loss of $400. That math checks out as the width of the spread is $5, the credit is $1, so the max loss is 5-1=$4*100=$400. + +So that’s how it works upon expiration. But lets say this position moved against you, you still have a few days until expiration, but the stock is at $120. Since there are a few days left, you probably could close the contract for a debit of $3.50 rather than the max loss debit of $5. However, since your short leg is ITM the person you sold the option to may choose to exercise their option. As a result, that would require you to take on a short position of $110*100=$11,000 per contract sold. You may not be able to afford to cover that, or your broker may not let you hold that position. So what happens is your long leg gets exercised as well resulting in you taking a max loss early. So while on paper you received a credit of $1 that could have been closed for a debit of $3.50 and your loss was only $2.50, early assignment results in you prematurely taking a max loss. + +When does this happen? It typically doesn’t, since it requires the buyer sacrificing the remaining extrinsic value on the option, but it’s more likely with certain stocks. There are three different classifications of a stock that relate to it’s borrowing ability: Easy to Borrow (ETB), Hard to Borrow (HTB), and Not Available to Borrow (NTB). The harder a stock is to borrow, the more likely it is that a call is exercised early because it gives the buyer a way to acquire a stock which may not be available to them through their broker. So if you’re selling call spreads that are close to being ITM, make sure to check out the borrowing status of the stock. + +**2: Dividend Risk:** + +This risk relates to the first one discussed, as it’s just another way you risk early assignment. If a company is announcing a dividend, there will be something known as an “ex-div” date, which means that all shareholders as of that date are entitled to receive the divident, which will be distributed usually at a later date. Because of this, call buyers may exercise an out of the money call option in an effort to acquire those shares. + +Remembering that exercising an option means that you sacrifice all remaining extrinsic value, another reason a buyer may exercise a call option before an ex-dividend date is that the value of the dividend announced is greater than the extrinsic value remaining in the option. Say a 100c is trading at $2 and the underlying (stock) is currently at 101. The extrinsic value is the value of the option in excess of what it would be worth upon expiration. So the extrinsic value in this situation is $1, since the 100c trading for $2 is just $1 in excess of the current strike price. If the company in question here announced a $2 dividend, an option buyer would likely exercise their call option because the $2 dividend is greater than the $1 of extrinsic value. + +**3: Pin Risk:** + +We know that if your spread finishes out of the money it’s a max gain and if both legs of your spread finish in the money it’s a max loss. But what happens when the price of a stock finishes between the two legs of your spread? Let’s take a look. + +So using a 100/110c spread as an example, let’s say that the stock finishes at 105. Your long leg, which is there to protect you, is worthless so you wouldn’t exercise it. However the short leg at 100 that you sold will be exercised by the buyer since it’s ITM. As a result, you’re now short 100 shares at a price of 100 and you’ll be holding that position over the weekend. This can go both ways from here, but since we’re focused on risk let’s say that this stock you’re now short shoots up over the weekend and some sort of news/event brings it up to $120. + +With this short position of 100 shares at $100 you’re borrowing $10,000 worth of stock. Now that the stock is worth $120 this position is now worth $12,000. Over the weekend you’ve sustained a $2,000 loss. If we received a credit of $3 when we opened this spread, we may have thought that our max loss was 10-3=$7*100=$700. Since we failed to close the spread out, this position has now resulted in a $2,000 loss net of the $300 credit that you received when you opened the position. So on a trade where you thought you could lose at most $700, you’re now down almost $2k. + +I can’t repeat it enough, but THIS IS WHY WE CLOSE OUT SPREADS BEFORE EXPIRATION. That is the single most important takeaway I can give you here. Spreads are great since they’re defined risk and defined gain. When you’re buying options you have a defined loss but a potentially infinite gain. This can make it really easy to get greedy and I’ve seen countless traders lose big profits because they keep holding out for more. When you have a defined gain and defined loss it makes it easier to make smart decisions, take profits, and continuously build on those profits over time. + +That was an enormous wall of text but I hope it helps explain, from a base level, what spreads are and how they work. Switching from buying options to selling options has dramatically changed my performance in the market so I hope sharing this can do the same for someone else. If you have any questions let me know and I’d be happy to answer them. +Hi guys, I made a book list! I lurked in this subreddit for a little while, but only just made an account a little over a week ago, and I’ve been trying to soak up as much information as I can from you guys as well as all of the resources you recommend. Even just a few weeks trying to read as many posts and comments as possible has answered so many questions, plenty of which I never even knew I needed to ask. + +But just in that short period of time, I have seen a recurring trend that every few days there will be a post where somebody asks about the best books to read. I thought about asking that myself when I first started reading through the subreddit because it didn’t occur to me to actually SEARCH the subreddit until very recently. + +So I started searching and found a few good recommendations. Then I decided to just spent a few minutes pulling data from the Reddit API (my W2 job is computer nerd) to find even more recommendations, and now I feel like I have a pretty solid list that I would love to share with you! + +Hopefully this is a helpful list and finds its way into the hands of real estate investing newcomers like myself! + +*Disclaimer: I haven’t read all of these. They were pulled from comments in this subreddit as recommendations, so I believe they are at least worth looking into. It is sorted by alphabet, not by popularity. Also, it is certainly NOT an exhaustive list. During this write-up, I found another very useful link that analyzed the BiggerPockets podcast's book recommendations, this analysis with recommendations is linked at the bottom.* + +&#x200B; + +&#x200B; + +The List: + +***2 Years to a Million in Real Estate*** by Matthew Martinez + +ISBN: 9780071471879 + +&#x200B; + +***7 Secrets to Successful Apartment Leasing: Find Quality Renters, Fill Vacancies, and Maximize Your Rental Income*** by Eric Crumley + +ISBN: 9780071462587 + +&#x200B; + +***The 9 Month Investment: A Passive Investor’s Guide to Achieving 10 Years Worth of Wealth Accumulation in Only 9 Months*** by Darin Garman + +ISBN: 9780982379363 + +&#x200B; + +***The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss*** by Ken McElroy + +ISBN: 9781619697232 + +&#x200B; + +***Am I Being Too Subtle? Straight Talk From a Business Rebel*** by Sam Zell + +ISBN: 9780698408883 + +&#x200B; + +***The Book on Estimating Rehab Costs: The Investor’s Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much it All Costs*** by Brandon Turner + +ISBN: 9781947200128 + +&#x200B; + +***The Book on Investing in Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People’s Money*** by Brandon Turner + +ISBN: 9781947200975 + +&#x200B; + +***The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits*** by Brandon Turner + +ISBN: 9780990711728 + +&#x200B; + +***The Book on Negotiating Real Estate: Expert Strategies for Getting the Best Deals When Buying & Selling Investment Property*** by J. Scott + +ISBN: 9781947200067 + +&#x200B; + +***Burn Zones: Playing Life’s Bad Hands*** by Jorge P. Newberry + +ISBN: 9781662269288 + +&#x200B; + +***The Buy and Hold Real Estate Strategy: How to Secure Profits in Any Real Estate Market*** by Michael T. Schumacher + +ISBN: 9780471009627 + +&#x200B; + +***Buy It, Rent It, Profit! Make Money as a Landlord in ANY Real Estate Market*** by Bryan M. Chavis + +ISBN: 9781515913580 + +&#x200B; + +***Buy Right, Sell High*** by Robert Irwin + +ISBN: 9780585181707 + +&#x200B; + +***Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Renal Property Investment Strategy Made Simple*** by David Greene + +ISBN: 9781947200081 + +&#x200B; + +***Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request*** by Michael Reinhard + +ISBN: 9780814415078 + +&#x200B; + +***Commercial Real Estate Investing: A Creative Guide to Successfully Making Money*** by Dolf de Roos + +ISBN: 9780470227381 + +&#x200B; + +***The Complete Guide to Buying and Selling Apartment Buildings*** by Steve Berges + +ISBN: 9780470323915 + +&#x200B; + +***Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big*** by Brian H. Murray + +ISBN: 9780998381602 + +&#x200B; + +***The Definitive Guide to Apartment Marketing: How to Generate More Leads, Close More Leases & Improve Resident Experience*** by Josh Grillo + +ISBN: 9781537268484 + +&#x200B; + +***How I Turned $1,000 Into Five Million In Real Estate in My Spare Time*** by William Nickerson + +ISBN: 9781607966746 + +&#x200B; + +***How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started*** by Brandon Turner + +ISBN: 9780997584707 + +&#x200B; + +***Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealth*** by Matthew Martinez + +ISBN: 9780071498869 + +&#x200B; + +***Investing in Real Estate*** by Gary Eldred + +ISBN: 9781118172971 + +&#x200B; + +***It’s a Whole New Business! The How-to Book of Syndicated Investment Real Estate*** by Gene Trowbridge + +ISBN: 9781511928809 + +&#x200B; + +***Landlording on Autopilot: A Simple, No-Brainer System for Higher Profits and Fewer Headaches*** by Mike Butler + +ISBN: 9780471789789 + +&#x200B; + +***Long-Distance Real Estate Investing: How to Buy, Rehab, and Mange Out-of-State Rental Properties*** by David Greene + +ISBN: 9780997584752 + +&#x200B; + +***A Million Bucks by 30: How to Overcome a Crap Job, Stingy Parents, and a Useless Degree to Become a Millionaire Before (or After) Turning Thirty*** by Alan Corey + +ISBN: 9780345499721 + +&#x200B; + +***The Millionaire Real Estate Investor*** by Gary Keller + +ISBN: 9780071446372 + +&#x200B; + +***Multi-Family Millions: How Anyone Can Reposition Apartment for Big Profits*** by David Lindahl + +ISBN: 9780470267608 + +&#x200B; + +***Never Split the Difference: Negotiating as if Your Life Depended on it*** by Chriss Voss + +ISBN: 9781504735049 + +&#x200B; + +***Raising Private Capital: Build Your Real Estate Empire Using Other People’s Money*** by Matt Faircloth + +ISBN: 9781947200982 + +&#x200B; + +***Real Estate Finance & Investments*** by William Brueggeman + +ISBN: 9780071238212 + +&#x200B; + +***Real Estate: Analysis and Strategy*** by Gary Eldred + +ISBN: 9780060418939 + +&#x200B; + +***Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!*** by Robert Kiyosaki + +ISBN: 9781469202167 + +&#x200B; + +***The Richest Man in Babylon*** by George S. Clason + +ISBN: 9780451205360 + +&#x200B; + +***Set for Life: Dominate Life, Money and the American Dream*** by Scott Trench + +ISBN: 9780997584714 + +&#x200B; + +***Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes*** by Tom Wheelwright + +ISBN: 9781549181276 + +&#x200B; + +***Trump University Commercial Real Estate 101: How Small Investors Can Get Started and Make It Big*** by David Lindahl + +ISBN: 9780470409862 + +&#x200B; + +***The Wall Street Journal - Complete Real-Estate Investing Guidebook*** by David Crook + +ISBN: 9780307345622 + +&#x200B; + +***What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures*** by Frank Gallinelli + +ISBN: 9780071422574 + +&#x200B; + +&#x200B; + +Like I mentioned before, this isn’t an exhaustive list, just what I have seen/scraped from a few hours tinkering around in this subreddit searching for books. While I was searching and writing this up, I also found another useful book list that analyzed the BiggerPockets podcast’s recommendations. This can be found here: [http://garifunainstitute.com/math/bpbooks.php](http://garifunainstitute.com/math/bpbooks.php) + +I hope this at least helps a few people out! +I know "Section 8" tends to have a negative connotation amongst Landlords -- we've all heard or read the horror stories. But my experience has been rather positive. We've purchased simple housing, at a very cheap price, located in maybe class C neighborhoods, and run them through our local Section 8 programs. We've had long term tenants (5+ years). In some cases Section 8 pays 100% of their rent and in cases where Section 8 pays a portion, the tenant has always come through with their share of the rent (violating this term will eject them from the program). + +Knock on wood, we've been rather fortunate as Landlords during the Covid-19 pandemic. Section 8 continues to pay on time and via direct deposit. We've had three tenants whose financial situation has changed due to Covid-19 and they worked with Section 8 to amend their voucher so that it now covers 100% of the rent -- this will be re-visited at the end of this calendar year. + +We're all quite aware there is an Eviction Moratorium across the country (I just learned FL expired today). And I absolutely believe it's wrong and unfair to us Landlords; as many of us are private, middle-class landlords that cannot shoulder the burden of housing non-paying tenants. + +Today, I received a copy of the notice that was sent to every Section 8 tenant in my area -- as a Section 8 Landlord, all communications are sent to me as an FYI. Reading through the document, I was pleasantly surprised to see the purpose of this notice was to remind the tenants that they are absolutely still responsible to pay their portion of the tenant rent. AND, if their circumstances are dire due to Covid-19, not only were they instructed to communicate with their Section 8 case worker (in an effort to adjust their portion of rent), but they listed pages and pages of resources from Food Distribution, Public Utilities Assistance, etc. + +And last, but not least -- right there in black & white -- was this simple statement: EVICTIONS FOR NON-PAYMENT WILL BE PROCESSED ACCORDING TO APPROPRIATE GUIDELINES. + +I read this to be a gentle reminder for those who might've thought they could take advantage of the eviction moratorium. Yes, we don't quite know what is the "appropriate guideline" at this time (as it seems to change day by day), but at least the verbiage gave all indications that evictions for non-payment can and will be processed. + +All in all, I've been a satisfied Section 8 Landlord and so I just wanted to share this story. + +Best wishes to all the LL out there and especially during these stressful times. +[Article](https://www.businesswire.com/news/home/20220516005312/en/GameStop-Appoints-New-Chief-Operating-Officer) + +May 16, 2022 07:00 AM Eastern Daylight Time + +GRAPEVINE, Texas--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced it has appointed Nir Patel to the role of Chief Operating Officer, effective May 31, 2022. Most recently, he was Chief Executive Officer at Belk, a privately-owned national retailer with more than 300 stores across 16 states. He previously held senior roles at Kohl's and Lands’ End after beginning his career at Target and Gap. He has approximately two decades of experience in operations, merchandising, supply chain, and retail and store operations. +Summary: + +Single, 30 yo in Toronto renting. Won’t be able to afford a house anytime soon, so figured I should start investing for my retirement. I don’t want to touch my investment for 30 years, and want something easy to manage. + +Set up comfort balance mutual funds with TD, then researched here that investing in XEQT (ETF index fund thing I guess lol) is the best strategy for me to save for retirement. I’d be paying a lot of fees with TD mutual funds. + +I want to close my TD mutual funds, move the money to XEQT and then was thinking to buy $200 of XEQT monthly for now. + +Is this a good idea right now? Had a friend telling me this morning to wait until the bubble pops a bit and stock prices go down so I can buy at a lower price. He suggested I wait 6 months before buying anything. + +Just want to make the right decision for my future lol, what do you guys recommend? +“Hedge funds, investment bankers and other institutional investors are desperate to find the next GameStop -- before it's too late. +That's why Thinknum Alternative Data quickly built and launched a tool that provides its hedge fund and investment bank clients a ranking of the most-mentioned stocks on WallStreetBets as well as the Stocks subreddit.” + +They’re using our (buy blockbuster $BLIAQ) own tactics against us(buy blockbuster $BLIAQ). They see the (buy blockbuster $BLIAQ) potential in WSB and see our influence (buy blockbuster $BLIAQ) and now want to use it to their advantage (buy blockbuster $BLIAQ). After their decades of (buy blockbuster $BLIAQ) market manipulation, they’ve now come here looking for (buy blockbuster $BLIAQ) the next people to screw over! (Buy blockbuster $BLIAQ) + +Remember, do your own DD (buy blockbuster $BLIAQ) and do not invest more than you can stand to lose (buy blockbuster $BLIAQ). + +Oh and also... GME HOLD 💎✊ (buy blockbuster $BLIAQ) + +Source: https://edition.cnn.com/2021/02/03/investing/wall-street-reddit-hedge-funds/index.html +I'm thinking of going back to uni to try and get a degree that will help progress my future. I already have a bachelor's of medical science which I regret doing as I couldn't get anything out of it. + +Uni degree or not, what do you guys do and what was the pathway/how long did it take for you to break the 100k pa mark? +When I first opened my account I did the textbook thing where I built a US core, then put Ex-US and EM ETFs around it. I sold all the international stuff off a few years ago since it was so flat in comparison to the US market and went 100% US ETFs (with the exception of whatever international equities ARKW and ARKF hold, and a small INDA position). + +A month ago I decided to “diversify” again (in anticipation of the decade-long US bull run ending) and opened international ETF positions again (DFAI and AVDV). I immediately regretted it. They don’t even “hedge” the US; they just seem to go up less than the US on the up days and down more than the US on the down days. Worst of both worlds. Am I crazy to hate this? Am I thinking too short term and just being impatient? Or am I leaving return on the table by being too clever and “diversifying” when the US is clearly where I should focus? +Since July, I've been selling 1 to 2 weeklies on Tesla, and it's been great. Even this week wasn't a total disaster. I'm not making a killing because I'm going for very low deltas; my monthly yield will range from 1% to 5%, with the average transaction being at 2%. + +I have some very strict risk management rules for my puts. Essentially, I put a stop buy to close order that expires at the same time as the put to buy it back at 50% loss. It's happened twice that I bought back a put at a loss since I started. + +The reason for that is while I would be be comfortable being assigned Tesla (at least 100 shares, definitely not 200), it would be on margin and I'd really rather not it happening. This is also why I'm very satisfied with such small returns, because I see it as a bonus to what my account normally generates. + +Essentially, looking for some other high conviction stocks that have weeklies with some decent level of volatility (nothing insane), so am open to suggestions. I'll of course do some proper DD, but would love to hear what you all typically wheel / sell puts on +Question as above. + +Its a hard one for me because I'm technically earning enough to support myself (mortgage included) and live comfortably. I'm solidly middle class in both the statistical sense and in the sense I can afford necessities (plus the occasional treat) but don't live an affluent lifestyle at all. + +From time to time though, I can't help but feel I am being lazy and am paying for today's comfort with tomorrow's happiness (in the form of a higher salary and career progression). It is true I have great work life balance right now and an active hobby I enjoy very much (see my username) - but I can't help but feel I can be more productive with my time and that I am "wasting" time enjoying myself. I get the feeling I'm falling behind my peers. + +Anyone else who made the switch in favour of work life balance feel the same too? How do you negate that feeling or did you end up going back to the high stress/high reward job? +Expect this to be downvoted into oblivion but whatever. His rant seems almost designed to enrage us. He is a representative of the US government and us launching into a tirade about him now is all the ammo those in power need to justify fucking us over. So let’s keep it calm and collected. Let’s buy and hodl and drs. Let them talk. Knowing that talk cheap, whilst we use our money to buy whiskey. Fuck ‘em. Fuck him. Fuck Kenny. We will win. Don’t lower yourselves. You know the plan. Don’t give in to this clown and his show. +I realize this is a loaded question so stay with me please! Until yesterday I had an Amex (since 2017), limit of 6k paid off to zero. A capital one with limit 16k, balance of 11k paid down to 6k. Currently a Home Depot credit card with 840 balance and limit of about 10k since 2014. Those payoffs were made in a lump sum. +I applied and received a Citibank (limit 8k) to use the 0% APR to transfer the cap one balance. However, at some point I inquired but didn’t verify an application for a ViSA for the same reason but didn’t think it went through. Today I got an email that my visa with a 9k limit is on its way to me. +So to sum up: +6000 out of 16k, card since 2019 +0 out of 6k, card since 2017 +840 out of 10k, card since 2014 +0 of 8200 since this month +0 of 9000 since this month. + + I’ve been on time with payments this entire time but I had no intention of suddenly having 17k available. I don’t want to use them but I don’t know what to do in order to not completely muck up my credit. Do I close one? Ignore it except for annual fees? I want to minimize negative impact on my credit. + +Thank you! +I've seen Warren Buffett say that a value investor should have enough knowledge of accounting to be able to read balance sheets and such things. + +How much knowledge of accounting is that? In particular, if I don't have any training in accounting, where is a good place to study enough accounting to get into value investing (preferably at a low cost)? +Apple is clearly a growth stock. It is priced at over $100 per share and the BVPS is single digits. When looking at it from a value perspective I would say that there's a lot of room to lose money. With that said, why does Buffett love it so much? Enough to put half of his money into it. +As you might know, Berkshire Hathaway owns 19.4% of Occidental Petroleum. The company's income is primarily from selling oil. + + +Buffett guides people to buy companies with large runways. Companies that will stand the test of time. + + +However in my opinion, carbon is slowly fading away. For example EU has a law that will ban all fuel based cars in 2040. + + +OXY had negative net income in 2019 and 2020. + + +So I'm kinda baffled as to why would Buffett consider buying this stock. Is it purely a logical decision or is there something behind the scenes? +Hello all, + +I am in a fortunate position to have saved about 25,000 EUR. I only have a small loan, I don't pay rent or mortgage, and my total net income (4500 EUR/month, likely to increase to about 7,000 EUR late this year for at least a year) is more than I can spend so I am able to save quite a bit for now. + +At the moment I reside in Bulgaria where taxes (on capital gains, etc) are relatively low. I am not interested in buying property specifically in Bulgaria, nor am I interested in crypto assets. Having said that, what do you think I should do with this money? + +(throwaway account) +&#x200B; + +https://preview.redd.it/6v9d6yjegu271.png?width=1600&format=png&auto=webp&s=81e2c4a9c5be73110a35260e84126bf0b52d4b2c + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +&#x200B; + +https://preview.redd.it/syeowj1ggu271.png?width=680&format=png&auto=webp&s=b4e14923782fca77558ba56a2d9cc5c20f9efb8d + +&#x200B; + +https://reddit.com/link/nqhkj5/video/4r8d58bogu271/player + +Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in. + +Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented. + +Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions. + +[https://www.reddit.com/r/Superstonk/comments/nlpz4h/your\_votes\_are\_important\_the\_time\_to\_vote\_is\_now/](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +https://preview.redd.it/6hcar3ywgu271.png?width=1440&format=png&auto=webp&s=eae379185d20bb181fe25312e04ac4fbcd9aa553 + +# DFV IS BACK BABY! + +After being silent for a few weeks our boy is back shitposting once again, even if he's not putting new DD forward or doing videos at the moment, but just seeing signs of life brings me joy to see. + +Now there have been some people posting yesterday "oh we shouldn't look up to dfv, no hero worshipping" I'd say you're right, no one should be hero worshipped (we've seen this go wrong many a time) but DFV is our boy, a friggen time traveling cat so I'll just quote a person who is smarter then me to give a retort + +" Authority is not given to you to, steward, to deny the return of the king." + +[ credit to u\/TheOtherCausby ](https://reddit.com/link/nqhkj5/video/xse24t5rgu271/player) + +There is also a theory going around as to why he went silent, and lets go over some of the logical ones. He was being sued in what may be called a "slap suit" a lawsuit making sure someone stays silent, his lawyers would have most likely advised him to stay silent for a while, to show there is no involvement between him tweeting and the price going up or not. + +Meaning that at minimum his lawyers have said "yeah sure you can shitpost again", which is always a good sign! glad to have the king back, and would love to see him post here on superstonk, wsb or anywhere tbh, and I'm looking forward to him livestreaming once more. + +And for the people who say "don't hero worship", he's the OG, he had the foresight none of us had, and none of us would be here today if he didn't see it first. + +(caveat: even though he was the first and the og, we are not here because he is here, but because he raised a good point and that made us look into the stock of GME and we agreed on our own accord that it would be a good investment, we in no sense imply that Deepfuckingvalue himself has had any affect in our decision making. + +The we in the above segment is the "royal we" so in no sense meant as "us" in a collective sense) + +&#x200B; + +https://preview.redd.it/1h68oj11hu271.png?width=4096&format=png&auto=webp&s=884ea6ad5704fea58194ade954252a57ba262354 + +# Short data + +This was made by a friend of mine on twitter and shared publicly [here](https://twitter.com/js76651030/status/1399852769058693120?s=27) + +This data in and of itself does not tell us how much has been shorted, how many short/synthetic shares are out there, but it does tell us that they are shorting it even now, even at these high prices (high in contrast of the $3 usd we've seen last year where they started shorting it into oblivion), that in and of itself does tell us one thing, it's not over, and like Kenny said about the 2008 situation still Applies here and I'll paraphrase:"we where working every day to get one more day" + +Keep going Kenny, dig me that infinity pool just a lil bit deeper plox <3 + +&#x200B; + +https://preview.redd.it/vxekubh2hu271.png?width=640&format=png&auto=webp&s=0ef79586e6fda50923c7ab89eed47996294fff49 + +# DTC-2021-005 + +Seems an awesome ape here finally got a response to their Foia request + +as you can see in their thread [here](https://www.reddit.com/r/Superstonk/comments/nq2l2f/sec_acknowledges_foia_request_on_everything_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +it's short so, just go look 😉 + +&#x200B; + +https://preview.redd.it/ex5762h5hu271.png?width=599&format=png&auto=webp&s=5e7a72f1c019a11116a6f5152fefa43f322de3d8 + +Bloomberg + +Another awesome ape was kind enough to share some screenshots of their bloomberg terminal [here](https://www.reddit.com/r/Superstonk/comments/nq3o0g/01062021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I always love seeing these, my brain may be to smooth for me to completely understand this but I enjoy the bright colors on the screen, and the wrinkly brained smarties between us can explain quite a bit to us using these bright screens. + +&#x200B; + +https://preview.redd.it/m4mhpjd7hu271.png?width=640&format=png&auto=webp&s=7ccf7165bd20d298db00bc2264ab4acc4c908415 + +# Sec statement regarding proxy voting + +found and shared by [u/Staccado](https://www.reddit.com/u/Staccado/) + +[https://www.sec.gov/news/public-statement/corp-fin-proxy-rules-2021-06-01](https://www.sec.gov/news/public-statement/corp-fin-proxy-rules-2021-06-01) + +I have no clue what this means but something tells me.. something is up + +# Reverse Repo Rates + +the reverse repo rates have decreased + +But the amount of participants has also decreased. Past Friday saw 479.5 billion for 50 participants, and today's rate is 448 billion for only 43 participants. + +[https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000](https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) + +&#x200B; + +https://preview.redd.it/f4kb32xchu271.png?width=640&format=png&auto=webp&s=c28f401c14d3e8f6f1be4b8323694d6dd0a1f9b8 + +# Gamestop NFT + +I've been seeing some misinformation about this in the past few days, this either stems from people not understanding it or not having all the info available, for those I'd advise checking this one out: + +[https://gmedd.com/transformation/gamestop-unveils-official-nft-project/](https://gmedd.com/transformation/gamestop-unveils-official-nft-project/) + +It has all the information currently available on the NFT so it would be a good start for anyone who feels like they need some help, or want some additional information. + +&#x200B; + +# The japanese are calling for our aid + +And the Ameritards and Europoors will answer + +[u/StupidMonsters](https://www.reddit.com/u/StupidMonsters/) started a thread [here](https://www.reddit.com/r/Superstonk/comments/nq8idk/japanese_apes_calling_for_support_please_im/) + +Going over some problems our Japanese apes are facing, give it a read and look if you can help in any way shape or form, what I've read so far I fucking love it, people have an issue and 300+k people pile in to see how they can help one and other <3 + +&#x200B; + +https://preview.redd.it/q5i5idehhu271.png?width=625&format=png&auto=webp&s=142d55674d695dac5df8ac9561ff0b37c1c9a717 + +# You want another Gamma? + +Our in house wrinkle brained [u/Criand](https://www.reddit.com/u/Criand/) just posted a thread [here](https://www.reddit.com/r/Superstonk/comments/nqbera/things_are_shockingly_similar_to_the_february/) + +in his own words a TLDR + +>**June 1st has kicked off with the DTC, ICC, OCC auction and wind-down plans officially being in place. This means it is OK to launch the rocket because those three entities are now protected. We're seeing very similar price movements and gamma squeeze signals compared to the previous T+35/T+21 runup that occurred from February 24th to March 10th. This means that we could very well see another gamma squeeze of similar or greater magnitude which would begin to go parabolic around June 9th.Note: This does NOT mean that a gamma squeeze WILL be coming. This is data supporting the fact that it COULD be coming. Do not take this as financial advice, and be aware that if you day trade you could miss the rocket.** + +Not saying there will be another Gamma right now, but it seems that there are some markers which would leave one to believe it's at least likely that we see something like that happen again. + +&#x200B; + +&#x200B; + +https://preview.redd.it/qr5jbuskhu271.png?width=554&format=png&auto=webp&s=26133806662ba0a861c32f8134cedb53decb3d20 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/1bxcv7wmhu271.png?width=400&format=png&auto=webp&s=93adb3ca499017a7335fcf73eea087b9427c2b2f + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +Countdown to the Annual shareholder meeting 7 days to go + +Edit 1: AnnihilationGod was kind enough to also research the trades starting April 1st, 53,40% of all gme shares traded during market hours were traded short. + +&#x200B; + +https://preview.redd.it/05enpnophu271.png?width=1061&format=png&auto=webp&s=54d729bea3357b40fc71bac085c7e76030d76a4c + +[https://twitter.com/js76651030/status/1400035934716968963?s=21](https://twitter.com/js76651030/status/1400035934716968963?s=21) + +Edit 2: updated the Short data up top, AG had to make a change so I changed the image. + +in his words: + +>Looks like i got an error in my chart from yesterday - Doesnt change much - forgot to add the short exempt vol to Total short, this increases the number of shorts during market hour. This lead to an amount of 0.5% up to 4.4% of market hours shorts missing in my chart. + +Edit 3: something went wrong with the formatting of the post so redid it. + +&#x200B; + +Edit 4: DFV tweeted +[https://twitter.com/TheRoaringKitty/status/1400089824015626240](https://twitter.com/TheRoaringKitty/status/1400089824015626240) + + The gains so green, + +Skies so blue + +Gamestop is Really great! +Thanks again for having me do the AMA, I enjoyed it! I'd be happy to continue to answer some questions whenever I can. I've gotten a couple of requests for the slides, so I'll post them here with some commentary, along with some other slides I didn't have the chance to show. + +First, an illustration of how the NBBO is constructed: + +&#x200B; + +https://preview.redd.it/4ivakg899dx61.png?width=723&format=png&auto=webp&s=21881e9826d8b43cb20f9d50ba1c1b4c859a12aa + +I mentioned on the AMA that all trades must take place within the NBBO, regardless of whether they are on-exchange, on dark pools or within internalization systems. I should clarify that this is only true during RTH (Regular Trading Hours) - 9:30am - 4pm ET. Outside of those hours, there's no official NBBO and trades can happen at any price. If you see crazy prices during pre-market or AH trading sessions, that's why. **Please NEVER submit a market order outside of RTH - you should generally never use market orders anyway, you should always put a limit price on your order, even if it's a marketable limit order**. + +Here's the order type distribution slide I showed (from 2015): + +&#x200B; + +https://preview.redd.it/p5ai2n8q9dx61.png?width=741&format=png&auto=webp&s=d48742ebb390b3d1e5dd291e6b3d6b738687f454 + +I didn't get to show this exchange fee schedule slide, but it's CRAZY. Goes to show you how complex markets are when you combine exchange fee tiers with complex order types, geographic distribution of datacenters, and the conflicts-of-interest brokers face when routing orders: + +&#x200B; + +https://preview.redd.it/i2scsz7w9dx61.png?width=1213&format=png&auto=webp&s=ae52b06d14d9f79f4dfec412c0692c542c77fbae + +Here's the diagram I showed for market complexity: + +&#x200B; + +https://preview.redd.it/i5cr6j5z9dx61.png?width=754&format=png&auto=webp&s=1c04f06799d460e8f5f4113049439531f5b30db0 + +Here are the two slides showing off-exchange trading distribution for GME. These numbers come straight from the [FINRA OTC Transparency website](https://otctransparency.finra.org/otctransparency/AtsIssueData). + +https://preview.redd.it/2prrwr62adx61.png?width=1229&format=png&auto=webp&s=a5875ea501e14f8164eb5e2abd8b11b7083ab1c7 + +&#x200B; + +https://preview.redd.it/pk2pf0s6adx61.png?width=1219&format=png&auto=webp&s=07170a65cf24b500551dda6d3b1218bc02a9195b + +Here are a couple of HFT slides, the second one I didn't have time to show: + +&#x200B; + +https://preview.redd.it/l4kp7zbaadx61.png?width=1246&format=png&auto=webp&s=20a5ab052ea3105320f4e8c75ee28e64e9344a17 + +&#x200B; + +https://preview.redd.it/j055t5kcadx61.png?width=1091&format=png&auto=webp&s=aad07f84fe679c3576114513d5afa0d0c5f00bd5 + +I believe there are many beneficial high-speed trading systems (in green) and many that are predatory or rely on structural arbitrage (e.g., arbitrage that does not get "arb'ed" away with competition). + +I'm glad the AMA was interesting, and like I said I'll try to answer as many questions as I can. I think it's great that there's interest in getting educated on these issues, and hopefully the time is right for some structural change over the next couple of years. +I had this exchange with my buyer's agent seeking a multi family. Some time later, I reflected on it with my friend and he said it happened to him with all three properties he has bought. Are realtors really going to mess with you like that? I was thinking next time I purchase, if my buyer's agent tells me this, I'm going to ask a friend to anonymously call the seller's realtor, perhaps expressing interest in the property, to confirm if any offers have come in yet. When and where I bought was not a hot market by any means. +# We may be early, but we are not wrong. + +We're seeing posts today about how [UK Pension funds hit with $100 million margin call](https://www.reddit.com/r/Superstonk/comments/xqdcg4/uk_pension_fund_hit_with_100_million_margin_call/) ([Sauce](https://www.risk.net/derivatives/7954682/uk-pensions-hit-with-ps100m-margin-calls-as-gilts-and-sterling-slide)) and these **pension** portfolios requested **emergency capital** to **keep positions open**: + +>UK **pension funds** have been hit with variation **margin calls of as much as £100 million** ($107 million) each, after sharp falls in gilts and sterling pushed mark-to-market valuations on derivatives and leveraged repo positions heavily against them. Simeon Willis, chief investment officer of consultancy XPS Pensions Group, says he knows of three different fund managers running **pooled pension portfolios that have requested emergency capital from clients to keep positions open**. +> +>[UK pensions hit with £100m margin calls as gilts and sterling slide (Risk.net)](https://www.risk.net/derivatives/7954682/uk-pensions-hit-with-ps100m-margin-calls-as-gilts-and-sterling-slide) + +# 🤔 Pensions trying to keep positions open? What's going on??? + +We also see news about how [Pension funds would have faced 'mass defaults' today without BoE action (Yahoo News UK)](https://uk.news.yahoo.com/pension-funds-collapsed-today-without-160400752.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALv_0ulam-bYuC9bp9KDv7ESx-Jpo4QDO9NdFO00_LMVxjhxwhq_xCEGcxncY75bGwZM1zDaz5ZuFuxeaYJhu0UIV0HL_D5GhDPyXWIPStb1biNhyuN0Enn-8hPDkobztR9fmuAKsWKv7sd9hTXxbugV9ep8CWU7Fz9rx4rbrKSU) and [Mass insolvency of pension funds would have happened TODAY - Bank of England 'had to act' (Express UK)](https://www.express.co.uk/news/politics/1675314/Bank-of-England-long-term-debt-bonds-pound-sterling-uk-financial-crisis-latest-update): + +>The [Bank of England](https://www.express.co.uk/latest/bank-of-england) was forced to take emergency action in a desperate attempt to stabilise the UK economy to stop mass insolvencies of pension funds today, it has been claimed. Earlier today, the BoE announced it would be carrying out "**temporary purchases of long-dated UK government bonds**" +> +>... +> +>"Had they not intervened, there would have been **mass insolvencies of pension funds** by THIS AFTERNOON." + +So, the Bank of England saw the potential for **mass insolvencies of pension funds** and decided to purchase long-dated UK government bonds in a bailout (see also, [Reuters](https://www.reuters.com/world/uk/why-is-bank-england-acting-again-what-next-uk-crisis-2022-09-28/)). (Unsurprisingly, SuperStonk apes caught onto this news too: [The Bank of England will carry out temporary purchases of long-dated UK government bonds from 28 September until 14th October](https://www.reddit.com/r/Superstonk/comments/xq99nb/the_bank_of_england_will_carry_out_temporary/).) + +**Pensions** caught my eye because apes (including myself) have been warning about how the SEC allowed the OCC unlimited access to money in **pension funds** and **insurance companies** (see [The Fox is Guarding the Hen House: The SEC is allowing the OCC unlimited access to money in pension funds and insurance companies, Sept 3, 2022](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/) and apes even tried to [COMMENT TO THE SEC: Don't let the OCC use Main St money to pay off degenerate Wall St gambling debts! Aug 9, 2022](https://www.reddit.com/r/Superstonk/comments/wkfgbu/comment_to_the_sec_dont_let_the_occ_use_main_st/)**)** + +Interestingly, pension funds in England are having a particularly bad time right now. England is part of the United Kingdom where rehypothecation is *unlimited*. (See [The (sizable) Role of Rehypothecation in the Shadow Banking System](https://www.imf.org/external/pubs/ft/wp/2010/wp10172.pdf), a 2010 IMF Working Paper, and my prior post on this [Estimating Excess GME Share Liquidity From Borrow Data & Churn Factor 🤯](https://www.reddit.com/r/Superstonk/comments/xorwoi/estimating_excess_gme_share_liquidity_from_borrow/).) + +[The \(sizable\) Role of Rehypothecation in the Shadow Banking System \[pg 4\]](https://preview.redd.it/vsx99qtvtnq91.png?width=1696&format=png&auto=webp&s=89a0c88d6ba83fd2108da9ed91d8e46904338eb2) + +Rehypothecation is when posted collateral (say, from a hedge fund to its prime broker) is used again as collateral by the prime broker for its own funding. + +[The \(sizable\) Role of Rehypothecation in the Shadow Banking System \[Abstract\]](https://preview.redd.it/l7wjrb3bunq91.png?width=1772&format=png&auto=webp&s=0fa1b4a78bc98278229cb82f47d1ebe8c5e7e26f) + +This type of double-counting could be particularly problematic if the same assets are counted over and over again possibly [from 4x up to 10x as explained in my prior post](https://www.reddit.com/r/Superstonk/comments/xorwoi/estimating_excess_gme_share_liquidity_from_borrow/). That's a huge house of cards built by hedge funds, pension funds and insurance companies teetering on the brink of collapse. + +[The \(sizable\) Role of Rehypothecation in the Shadow Banking System \[pg 6\]](https://preview.redd.it/ys6n6hn4vnq91.png?width=1704&format=png&auto=webp&s=daf85fb8fbf2a9bef7f2f2a0056ee48a96fb4b70) + +How did it get so bad? Well, apes have also found publicly available documentation describing how Goldman and Bank of America/Merrill Lynch would intentionally Fail To Deliver stocks and cause large scale naked short selling with the help of hedge funds and clearing firms. (See [Goldman and Bank of America/Merrill Lynch tried to hide evidence they purposefully Fail To Deliver on trades during Overstock trial](https://www.reddit.com/r/Superstonk/comments/x3oixj/goldman_and_bank_of_americamerrill_lynch_tried_to/) and ["Investment banks like Goldman will loan out their own clients’ stock to hedge funds to short, as well as develop close relationships with institutional clients like pension funds, mutual funds and banks to get them to agree to let Goldman borrow their stocks for use in hedge fund short sales."](https://www.reddit.com/r/Superstonk/comments/x0rlsk/investment_banks_like_goldman_will_loan_out_their/)) Merrill Lynch would call clients "the day of buy-ins to tell him the volume to encourage him to **sell into the buy in to maintain the fail**" thereby **keeping (short) positions open**. (Goldman Sachs played the same sham-close out game "\[s\]elling into buy-in negat\[ing\] the economic substance of the buy-in." \[[Sauce](https://www.reddit.com/r/Superstonk/comments/x3oixj/goldman_and_bank_of_americamerrill_lynch_tried_to/)\]) + +Instead of going bankrupt and getting delisted, some heavily shorted companies are surviving and thriving which is exposing the **unlimited risk** of those short positions. + +# 🐘 CITADEL SECURITIES FINANCE (UK) LIMITED + +We can't ignore the elephant in the room with all this going down in the United Kingdom. Citadel (various entities including Citadel Securities Finance (UK) Ltd) raising huge sums ranging from $600M to $1.2B. See [I think Citadel Europe was threatened with liquidation for $600m - accounts to '21 have just gone live](https://www.reddit.com/r/Superstonk/comments/xq7j2g/i_think_citadel_europe_was_threatened_with/) by [u/habitualpotatoes/](https://www.reddit.com/user/habitualpotatoes/) earlier today: + +https://preview.redd.it/en62gtwlznq91.png?width=692&format=png&auto=webp&s=6ff06d8291f27ecf1942478a7a70046f27c41bd6 + +While [Citadel is raising money at just above junk status](https://www.reddit.com/r/Superstonk/comments/wqtvie/citadel_bonds_rated_one_step_above_junk_status/), let's talk about banks. + +# Banks: down, but never out + +Banks seem to have an infinite amount of money backing them. Earlier this year, u/laflammaster found Fed H8 data showing [ALL UNREALIZED GAINS ARE IN THE NEGATIVE FOR ALL BANKS (Jan 2022)](https://www.reddit.com/r/Superstonk/comments/s9q726/fed_h8_data_update_get_your_helmets_on_net/) prompting the Federal Reserve to simply stop reporting the bad news: [LOOK LIKS THE FED DOES NOT LIKE ME SNOOPING ABOUT (image 2). H8 Update. Biggest drop in unrealized gains of $18.4B to -$73.8B. Big banks drop by $15.9B to -$51.2B. Total Treasury/MBS drop $9.4B to -$44.6B, and big banks by $7.4B to -$25.4B March 2022)](https://www.reddit.com/r/Superstonk/comments/to9ksb/look_liks_the_fed_does_not_like_me_snooping_about/). + +And, when it gets so bad a central bank gets wiped out, it just creates more money. + +>Australia’s central bank on Wednesday said its equity had been **wiped out by losses** suffered on pandemic-era bond buying, but **its ability to create money meant it was not insolvent** +> +>... +> +>Bullock noted that while this would bankrupt a normal commercial entity, the RBA’s liabilities are guaranteed by the government. +> +>“Furthermore, since **it has the ability to create money**, the Bank can continue to meet its obligations as they become due and so it is not insolvent,” +> +>... +> +>Bullock noted **other central banks around the world would be facing similar losses** on their emergency stimulus programs, though many did mark their assets to market like the RBA. +> +>[CNBC: Australia’s central bank has equity wiped out by billions in bond losses](https://www.cnbc.com/2022/09/21/australias-central-bank-has-equity-wiped-out-by-billions-in-bond-losses.html) (Sept 20, 2022) + +So, as it turns out, ***central*** ***banks do have an infinite amount of money backing them***. (Obviously, the downside of printing more money is [inflation.... ouch](https://www.reddit.com/r/Superstonk/comments/wkw9vu/cpi_85/).) + +The Bank of England is the central bank of the United Kingdom ([Wikipedia](https://en.wikipedia.org/wiki/Bank_of_England)). + +Basically, Central Banks are now propping up the house of cards to keep positions open. + +# Remember, Positions Are Still Open + +UK pension funds are raising emergency capital to **keep their positions open** while emergency action by the Bank of England merely stops mass insolvencies of pension funds *for now* (buying time [until Oct 14](https://www.reddit.com/r/Superstonk/comments/xq99nb/the_bank_of_england_will_carry_out_temporary/)). + +What positions could the UK central bank be propping up and keeping open? Well, meme stocks (especially GME 🎮, but also 🍿/🦧 and 🛀) are [**all** heavily shorted with high FTDs and extreme short interest](https://www.reddit.com/r/Superstonk/comments/xlagir/ftds_by_settlement_dates_and_what_they_might_mean/) where the only possible explanation is shares are owned multiple times through unlimited rehypothecation (with the exception of Directly Registered Shares as those can only be owned once). + +**As for me, I just like the stock(s).** + +EDIT: + +See also [ITV's Robert Preston on UK pension crisis: "These are largely leveraged funds...when they buy gilts, they frequently use them as collateral to raise cash...then use the cash to buy more gilts, then pledge the gilts again and buy more gilts, and so on..." Isn't this like rehypothecation?](https://www.reddit.com/r/Superstonk/comments/xqsfsc/itvs_robert_preston_on_uk_pension_crisis_these/) by [u/throwawaylurker012](https://www.reddit.com/user/throwawaylurker012/) which explains the pension crisis is due to rehypothecation in the UK by leveraged funds. (Also, [u/throwawaylurker012](https://www.reddit.com/user/throwawaylurker012/)'s comment below.) +Is there a specific reason. Just looking at the potential mortgages hikes when I come off my fix in 1.5 years. Most of the US would be shielded at these hikes. +The title explains the situation. I've saved about 40k for a down-payment and would like to transition that money into my investment portfolio. My idea is to DCA it into an index fund like SPY. + +**My questions are:** + +1 - From what I have read recessions last from 10-24 months. My thinking was to invest 5-10% a month so I can invest my entire downpayment on the down turn of the index and hopefully capture the gains on the other side. What % of my money should I invest monthly to optimize towards investing all of my down-payment money during the recession? + +2 - What index fund would you all suggest? + +3 - My current expectation is to be back in the home shopping market in about 2-3 years. Would the above strategy work for that timeline? +Expanded version: last Saturday night, my partner had passengers in her car when she got in a minor collision with another (ironically) Lyft driver who was between rides. My partners car had substantial damage, and was undrivable. Since the accident happened at an intersection where a local rapid commute light rail track ran through, local transit authorities called a tow company on their own accord, which promptly came and stole her vehicle to be taken to a tow yard while we were on the phone with our insurance making arrangements for our own tow truck that insurance would cover. The officer on scene deemed no driver was at fault, and did not make a report. Now 3 days have passed, and the car is still in the tow yard, racking up storage fees. Our insurance doesn't want to touch the case since it was a Lyft incident, and won't even cover a rental car while we get everything sorted out. Today, finally, someone got in touch with us from Lyft saying they will not cover any towing or storage fees ($300), and they have a $2,500 deductable. We are both college students, and while financially responsible, cannot afford that kind of money for repairs. Does anyone have any advice to offer for what to do next? We feel as though we have exhausted all options, filing claims with both sides, but getting shut down either way we go. Any advice is appreciated. + +EDIT - Thank you all for your contributions to the post. Even just having someone else pitch their opinion on the case is reassuring for us. Ultimately it all boils down to us taking a financial hit, but this is a huge lesson to everyone who drives for a ride share company to check insurance coverage. I will be spreading awareness of this on social media so others don't get caught in the trap. ✌️ +By naked shorting competing stocks, hedge funds can invest the proceeds (from that naked short sale) into AMZN stock, essentially; Wall Street steals money from a competitors' market cap and artificially inflates the price of AMZN stock. I believe this is the largest successful financial scam/grift pulled in history. + +AMZN stock is the highest % returning stock in the last decade. Amazon was only $43 per share at 2008 lows. + +Find full article [here](https://steemit.com/dreamryder007/@dreamryder007/hedge-fund-destroy-amzn-competitors-jeff-bezos-was-vp-of-d-e-shaw-hedge-fund). +Every "meme" stock is on a rocket right now. Every single one. They are reaching heights not seen since January and all at the same time. ALL AT THE SAME TIME. + +This has NOTHING to do with us. Yes we all HODL and buy the dips but the kind of activity we are talking about here is not caused by retail. This is MASSIVE. MASSIVE. There is not a shadow of a doubt in my mind that retail had anything to do with this price action. + +Someone let off the brake pedal. WHY? + +Either someone, like Citadel has been margin called here and their shorts are being shut down due to liquidation OR some of the regulations we have been watching went into effect and it's made a significant change to the market. + +WE NEED ANSWERS. WE NEED EVERY SMART APE ON TOP OF THIS. THIS IS NOT THE MOASS. + +Moass would not take this basket of stocks with it on it's journey. There is some serious shit that just went down or some serious fuckery is afoot and we are all just dancing. Let's get back to work and figure this out. + +Update: https://reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/ This is an excellent DD by u/myplayprofile with some answers. This is how we figure it out. +I recently started a little mission to look at the price action for GME and make correlations with real events, to get a better understanding at what may be happening behind the scenes. + +One of my coworkers told me a few months back that ever since around the GME saga last January, day trading and swing trading has gotten MUCH more difficult... I decided to take a peek and see if anything changed and I stumbled on something pretty neat (or scary). + +What I did was look at activity during PM/AM and activity during market open. + +I will explain my process at the end so you can perform the exact same analysis on any security of your choosing for your own knowledge. + +I took the data for GME dating back to 2020 and split the movements from market close -> market open and market open -> market close. Basically what this means is, I looked at close price vs open price and compared them to each other. + +For the following example, if I invested 1 dollar into GME right when the market opened every single day and sold right at the closing bell, then did that every single day for two years, compounding gains and losses, I would right now be sitting at 41 cents. + +If I did the exact same thing, but invested 1 dollar right at market close then sold right at the opening bell, I would be the proud owner of 23.4 dollars! + +Here is a graphical representation: + +&#x200B; + +https://preview.redd.it/4p720w3zjhq91.png?width=971&format=png&auto=webp&s=9f3d18bb967e0e8c2e48cd023fcfb360c7b393a8 + +I can't even see what is happening during the day, it's that small! Let's move it over to the secondary axis for a clearer picture. + +&#x200B; + +https://preview.redd.it/6fiphl22khq91.png?width=1072&format=png&auto=webp&s=47bbdb2ff39d41b58b86d32d75c0feeb51945459 + +Well isn't that interesting... the daily price drops all but stopped right after the January sneeze! + +On top of that, price started declining during the night time right after the March sneeze! This graphically shows that all of the price f@#\*ery is happening overnight while retail in large cannot trade. On top of that, over the past several months, the daytime price is RISING while the overnight price is SHARPLY FALLING. This proves that the negative GME price action is occurring while retail CANNOT trade. + +&#x200B; + +&#x200B; + +Let's see if the same is true for our other friendly 'meme' stock... + +&#x200B; + +https://preview.redd.it/0qusyczckhq91.png?width=1179&format=png&auto=webp&s=ef3b4acf8581295769421682ea29b4a8baaea009 + +Yikes... looks like they started getting laddered down at the beginning of June, while the daily action stayed mostly flat. I wonder what happened in June... + +&#x200B; + +Let's now look at a broader market example.. the SPY + +&#x200B; + +https://preview.redd.it/xw8k0nntkhq91.png?width=974&format=png&auto=webp&s=9d30037bc568b9e04589f73ab1e4fa84a36d2460 + +By inspecting the SPY chart, it appears that meme stocks had little to no effect on overnight vs daytime movement... but there is an interesting reversal that happens on December 15th in this chart... let's see what it is. + +&#x200B; + +https://preview.redd.it/h4rj8u40lhq91.png?width=577&format=png&auto=webp&s=621ede19db20365f7d552d156a9d2cf60f679c25 + +Since the SPY overnight price action is largely affected by the printing of money (or so it appears), let's look at a smaller index where GME sat for a period of time. + +&#x200B; + +https://preview.redd.it/wj3l0rm4lhq91.png?width=990&format=png&auto=webp&s=54f2970d321ec2b7de53bea50343d55f9fc129df + +&#x200B; + +This is the Russell 2000 ETF. This is the ETF in which many retail day and swing traders operate. These traders also trade when the market is OPEN. As you can see, the price action makes a sharp reversal around the Jan 2021 sneeze timeframe and continues that trend to this day. + +My coworker telling me that trading became hard after the GME saga appears to have truth to it. + +Here is the process in case you want to do it for yourself: + +1. Search the stock you want on yahoo finance +2. click historical data and download to csv +3. open CSV and do Close/Open and Open/Close formulas. +4. plot the data + +Please let me know what your thoughts are on the matter and if there's any validity to my claim that crime happens overnight. Retail traders are kicking butt during the day and getting robbed when the exchanges are turned off. + +TL;DR - Price is manipulated overnight + +&#x200B; + +Edit: here is a link to the article that inspired me to look at overnight trends, courtesy of JackTheTranscoder + +[https://arxiv.org/abs/2201.00223](https://arxiv.org/abs/2201.00223) + +Edit 2: I understand everyone in the comments is talking about the articles discussing the overnight returns. The point I am trying to show here is that overnight returns are now **negative**. The days of rampant overnight pumping are over… at least for the mid-caps. They still pumped large cap stocks as much as possible overnight. +(Bloomberg) -- Shares of Canadian apartment companies dropped after the country’s largest province said it plans to freeze residential rents in 2021. + +New rules announced Thursday apply to the vast majority of rental units in Ontario. Without the change, owners of rent-controlled apartments, condos and houses would have been able to boost rents by 1.5% next year. The legislation also extends a ban on evictions of small businesses. + +Real estate investment trusts with rental properties in Ontario had been trading higher before the announcement. Ottawa-based Minto Apartment REIT fell to C$17.96 as of 2:37 p.m. Toronto time, down 3.2% from its intraday high, while InterRent REIT sagged 1.8% from its earlier high. + +Canadian Apartment Properties REIT, the country’s second-largest real estate trust by market value, initially fell more than 1% on the announcement before recovering. The REITs didn’t immediately provide comment on the rule change. + +“The last thing I want any family to worry about right now is whether or not they can afford to stay in their home,” Ontario Premier Doug Ford said at a news conference in Toronto. + +Ford’s government also imposed new limits on social gatherings in Toronto, Ottawa and Peel, where Covid-19 cases have been rising. Outdoor gatherings are now restricted to 25 people, down from 100, and indoor gatherings are limited to 10, down from 50. The rules are primarily meant to crack down on parties and don’t apply to restaurants, movie theaters and other businesses operating with less strict capacity limits. + +Ontario reported 293 new cases of Covid-19 in the past day, 21% higher than the average of the previous seven days. + +https://www.bnnbloomberg.ca/canadian-real-estate-shares-drop-on-ontario-move-to-freeze-rents-1.1495628 +These are a few of many things that have helped me over the years. I hope you find some value from them ! 🙏🏼 + +1. Using an indicator to complement a strategy, not create one. I’m sure a lot of you will disagree with this and that’s ok. Personally I’ve always been a price action guy and so in my early days I’d use indicators as a my shiny object to chase. More so than this the role of an indicator for me helps me to be systematic with my decisions. I am mainly a day trader/scalper so emotions and decision making are heavily intertwined. + +2. Focusing on less pairs. When I started I was concentrating on 10 pairs and the result was I didn’t learn anything - I was stressed and dysfunctional. I cut down to one pair for 6 months and then I made real progress. Now I trade 5 pairs but I feel I have earned my ability to do that as I’ve built up my discipline over years. + +3. Massively reduce screen time. Even though I scalp and day trade a lot, I don’t spend more than 2 hours per day looking at the chart. I have a system for setting up custom alerts and I refrain from looking at the screen otherwise. More screen time = more room for emotions = more emotions = more bad decisions = inconsistent results. + +These sound simple and when I first started trading almost 3 years ago, I would of ignored them because I thought I knew it all. Took me 1.5 years to get consistent and I struggled with every emotional issue you can think of. I hope these help, any others you think should be added leave a comment 🙏🏼🚀 +**Glitchy V2 -** The first ever claim based token where you can claim ANY other token on the BSC! - Migration has officially been completed to the new contract and we are LIVE! + +**Holders -** Can choose to withdraw their reward as the equivalent value of any other token, as long as the token has a liquidity pool, on Pancake swap. This includes USDT, BUSD, BTC, ETH, ADA, or even your favorite meme coin! + +**Swap for more Glitchy with reduced fees!** Users who want to grow their Glitchy holdings could choose to swap their rewards for more Glitchy with reduced fees! Any person holding more than 50K Glitchy tokens will see the fees reduced by 50% if they choose to reinvest their reward in Glitchy. Meaning more tokens for the same value! For any holders with less than 50K tokens, if they chose to reinvest in Glitchy, they will enjoy 0 fees! While some other coins only reward big holders, Glitchy helps little wallets to grow their stack! + +**Down to business…** + +**Website / DAPP** \- [https://glitchy.app](https://glitchy.app/) + +**Contract** \- 0x811ae301d0bf4db9895535733f5677b2d727b5fb + +**Telegram** \- [https://t.me/glitchybsc](https://t.me/glitchybsc) + +**Twitter** \- [https://twitter.com/glitchytoken](https://twitter.com/glitchytoken) + +**Facebook -** [https://www.facebook.com/glitchytoken](https://www.facebook.com/glitchytoken) + +**Buy GLITCHY on PancakeSwap V2 (11% slip)** \- [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x811ae301d0bf4db9895535733f5677b2d727b5fb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x811ae301d0bf4db9895535733f5677b2d727b5fb) + +**Tokenomics**: + +Glitchy is a token on the Binance Smart Chain. Using the currently famous mechanism of fees on transactions, Glitchy allows its holders to be rewarded simply for holding the token in their wallet. + +* There is an overall tax of 15% on every trade. The following is a breakdown of this tax: +* 10% holder rewards, (find more information about rewards in the "Holder rewards" section.) +* 2% to the liquidity pool. +* 2% to the giveaway bot, (find more information about this in the "Features" section.) +* 1% to the maintenance contract. + +Each sell transaction will have increased fees, up to 1.5x + +**Marketing**: + +* Push will begin this weekend +* Poocoin, CG, CMC, FB, Insta Ads +* Reddit posts supported by community members, no fake bots +* YouTuber partnership and sponsorship in the works + +**Roadmap:** (short term, full roadmap is available on the site) + +* Release the all new GLITCHY claim app (Today: ✅) +* NFT Launches +* Increase online presence +* Unique rewards for liquidity providers +* Exchange listing +* Partnerships outside of YouTube (Gaming and Music industry) + +The growing community is super active and engaging, make sure to drop by and clear up any questions in mind! +I am about to break up with my long term GF over money. We got engaged recently, and I shared details of my finances with her. (considering we would be getting married in the future I felt sharing my FIRE plans and progress was appropriate). Well when she realized my net worth, she now thinks of me as rich. Suddenly she wants a $15-35K wedding, and my attempt to put some "breaks" on it, led to a huge fight. Where "I put money above her happiness". In all other aspects, she was always frugal and I felt that we were compatible on that front. Based on the above how do most of you with FIRE mindset find/communicate like minded significant other? +I haven't felt the energy in this sub in a while. Tits are JACKED, hands are diamond (as always), and spirits are HIGH AS FUCK. + +I'm assuming it's a combination of watching the market implode, while we're green, plus the successful extermination of the majorest (is that a word?) FUD attack we've seen in a while. Hell, multiple attacks at once, and they were all defeated. + +This sub feels like it has a new lease on life right now. I've seen more new high level DD today than I have in the past few weeks combined. + +I'm just saying I've missed this shit. Bless you, you damn dirty apes. Keep it up! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Apparently 3 years ago I overpaid taxes by $130k due to an oversight by my CPA--total tax bill was about $2.6M so about 5% of it. + +I've been with them for over 4 years now and they seem to do a good enough job, they're responsive, and are very by the book..for better or worse. + +I certainly don't feel like having to build a relationship with another firm and go through all my documents/circumstances again..nor do I want to do my own taxes. + +However this was only spotted because another partner in our business recently went to this CPA and my partner discovered the mistake. + +I get mistakes happen and in our industry we've certainly made our own, but it's of course disheartening to have had this happen. + +Is this something to just let slide? +My 41 year old brother who is mentally challenged received it from an accident he was a passenger in a couple years ago. He was in the hospital for a few days but is all healed up and fine now. All his medical bills were taken care of through Medicaid and Medicare. He is a functional adult that works a part time job supplied to him by the county, he doesn't make much but it gives him something to do. He also receives social security. He lives in a group home and he's doing ok money wise so he doesn't need it now. The rest of my family is not very smart about money. Me and my wife do ok and are in a good spot so they brought the check to me to handle what goes on with it. How can I save this or invest it for him to make it last as long as possible? We live in Ohio and I looked into the STABLE program so it wouldn't affect his SS, but it looks like you can only put $15000 a year into it. Any help would be greatly appreciated! + +Update: Not sure if this is the right way to update or not, so I'm just going to do it this way and see what happens. First off thank you to everyone who took the time to comment with advice on this matter. The internet and Reddit can be such a positive tool for helping. The advice I received on here led me to do a ton of more research into the specific suggestions. I also reached out to talk to his county provided SSA which is basically an advocate supplied to him by the county. I also touched base with the insurance company to make sure that all Medicaid and Medicare liens had been satisfied. And I have an appointment set up with an estate lawyer that has experience with Special Needs Trusts. I feel this may be the best option for us, and I will discuss all of this with the lawyer including taking care of end of life expenses for him. I tried my best to respond to as many comments as possible, but it started to get a little overwhelming to try and keep up. Once everything is set up I will probably come back and either update this post again or, make a new post and link this one. +I saw [this](https://www.reddit.com/user/fatfiresub/comments/suo5mx/rfatfire_survey_now_that_were_over_250k_members/?utm_medium=android_app&utm_source=share) advertisement recently, with the title "[r/fatFIRE survey, now that we are over 250k members, please fill out this survey so that we can understand who is a part of our community](https://www.reddit.com/user/fatfiresub/comments/suo5mx/rfatfire_survey_now_that_were_over_250k_members/?utm_medium=android_app&utm_source=share)". This seemed like some scam, because: + +1. Why would anyone pay for reddit ads for this - just post it on the subreddit. +2. The user who posted it does not seem to appear to be a mod of this subreddit, though I'm not too sure. + +Just thought I'd warn people of this potential scam - in case someone was about to fill out the survey subconsciously if/when it comes in their feed, and they don't notice it's an ad. The form does look pretty benign, so idk what use a scammer would make out of this either. +An independent German agency named [Deutsche Markt Screening Agentur](http://www.dmsa-agentur.de/pressemitteilungen) (DMSA) just dropped a bomb on Evergrande today highlighting it as **officially defaulted** (as of today) and **now preparing bankruptcy proceedings against them.** + +The following was said from their press release today: + +>China Evergrande Group today again defaulted on interest payments to international investors. DMSA itself is invested in these bonds and has not received any interest payments until today's end of the grace period. Now DMSA is preparing bankruptcy proceedings against Evergrande and calls on all bond investors to join it. + +*(full text provided below)* + +There is a lot to unpack here so, for organizational purposes, here is the post covers: + +1. Proof of censorship. +2. Proof of default and bankruptcy proceedings. +3. Conclusion +4. TDLR + +# Proof of Censorship: + +As for proving the censorship, you can even check for yourself. You have a TON of foreign media all reporting one thing and U.S. media reporting another. I mean, FFS, Canada is even reporting the default. We'll see what happens the next few days too. Especially when they begin to respond to this finding. + +Anyways, here is how you can see it for yourself: + +1. Google search "Evergrande default". +2. Your results will include something called "Top Stories", +3. Click "View all". +4. Look at all the *foreign media reports say* **versus** *American media reports*. + +*The best contradiction I found was* ***Yahoo contradicting themselves.*** That's right, they literally posted contradicting articles at different times covering this where Yahoo news posted the truth and, of course, Yahoo finance posting what their corporate overlords want you to think. + +Seems the two departments weren't exactly on the same page. + +**Yahoo Finance:** [Delayed Interest Paid, Default to Be Averted: Evergrande Update](https://finance.yahoo.com/news/payment-test-looms-debt-rules-004107642.html) + +[\(Published: 10 Nov 21 @ 2:10pm\)](https://preview.redd.it/eydd06jmpvy71.png?width=1489&format=png&auto=webp&s=7ad1c6384387f7267eb7fddfeb8c9b827257d259) + +**Yahoo News:** [Evergrande officially defaulted - DMSA is preparing bankruptcy proceedings against Evergrande Group](https://www.yahoo.com/now/evergrande-officially-defaulted-dmsa-preparing-161200818.html) + +[Published: 10 Nov 2021 @ 10:12 AM](https://preview.redd.it/tvw1wp949wy71.png?width=1651&format=png&auto=webp&s=d6a6640e24f5efb34138c9afffb95fc73ad39f8a) + +*Here are a few other foreign media sources that all report the same thing... (DSMA Source)* + +1. [PR Newswire](https://www.prnewswire.com/news-releases/evergrande-officially-defaulted---dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-301421327.html) (Canada) +2. [DailySabah](https://www.dailysabah.com/business/economy/chinas-evergrande-group-officially-defaults) (Turkey) +3. [The Korea Herald](http://m.koreaherald.com/view.php?ud=20211111000225) (Korea) +4. [**Daily UK**](https://www.dailymail.co.uk/news/article-10188881/Fears-Evergrandes-collapse-worse-China-expected-Australia-risk.html) **(United Kingdom)** +5. [Express](https://www.express.co.uk/finance/city/1519580/Global-financial-crash-china-evergrande-collapse-china-property-market/amp) + +*Then there is U.S. Media...* + +1. [New York Times](https://www.nytimes.com/2021/11/10/business/evergrande-bond-deadline.html) +2. [Fortune](https://fortune.com/2021/11/10/evergrande-pays-delayed-interest-bonds-default/) +3. [Reuters](https://www.reuters.com/business/investors-await-evergrandes-overdue-148-mln-payment-amid-contagion-fears-2021-11-09/) + +&#x200B; + +# Proof of Default and Bankruptcy Proceedings: + +* [DMSA Press Releases](http://www.dmsa-agentur.de/pressemitteilungen) +* (11/10/2021) [DMSA Evergrande **Bankruptcy Preparation** PDF](http://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_dt.pdf) (Picture/Translation provided below) +* (11/10/2021) [DMSA Evergrande **Official Default** PDF](http://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf) (Picture/Translation provided below) +* [DMSA Company Description](http://www.dmsa-agentur.de/unternehmen) + +# [DMSA: Evergrande Bankruptcy Preparation](http://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_dt.pdf) + +[Page 1](https://preview.redd.it/ru4ytqy9zvy71.png?width=651&format=png&auto=webp&s=11302048577a898723ddba32855a83f150ee2237) + +&#x200B; + +[Page 2](https://preview.redd.it/1aopxtoazvy71.png?width=661&format=png&auto=webp&s=ec4827db85572dbad13ed845907719b74f0fbaa4) + +&#x200B; + +[Page 3](https://preview.redd.it/8zeypbbbzvy71.png?width=621&format=png&auto=webp&s=a9b7c9670d26683422e398f558436933c84a4ab9) + +&#x200B; + +# DMSA: Evergrande Officially Defaulted + +&#x200B; + +[Page 1](https://preview.redd.it/mqkxp8olyvy71.png?width=591&format=png&auto=webp&s=4cecea0bdde205605d726217ea4bea3ffe15ae0e) + +&#x200B; + +[Page 2](https://preview.redd.it/6rna9jtmyvy71.png?width=774&format=png&auto=webp&s=8ac530feb2a9a6145c9f7da388967ad5b78d342d) + +&#x200B; + +[Page 3](https://preview.redd.it/qkg9spsnyvy71.png?width=735&format=png&auto=webp&s=83c552402d478d17261cec60e94ae0c76ea2d38a) + +&#x200B; + +&#x200B; + +# Conclusion + +The FIVE big things to take away: + +1. Evergrande defaulting +2. Evergrand bankruptcy proceedings now happening as a resulting missing payments. +3. Outrageous lying narrative all US media outlets are pushing. +4. Evergrande's collapse will absolutely decimate the sector. +5. Tons of other companies within the sector that are similar in size are all missing payments now too. + +# The U.S. Media: + +U.S. media really shocked me today and I think it's the one piece here that needs to be addressed. Why are they lying? I understand this isn't something new, but with Evergrande? China? *It's almost looks if they are trying to protect Evergrande.* That or prevent panic from shareholders. What do you think? + +Update: I found a bunch of bot-like accounts posting on Twitter MSM links as a response to Evergrande defaulting. Almost as if damage control has been put out and posting these links will somehow change things. [This one bitch](https://twitter.com/allisonmcneely/status/1458532569541193730) had the audacity of even posting + +>"contrary to what you may have heard \~on the internet\~...." + +then proceeds to posts bloomberg link on Evergrande. YA, THAT SHOULD DO IT, PROBLEM SOLVED. I guess the big thing to wait for is **MSM response to DMSA's claim.** Can't wait to see what kind of manufactured bullshit they come up with to put this one off. + +# The Sector is about to Collapse: + +One thing most of us saw from MSM a few weeks back was that the Chinese central bank can handle Evergrande defaulting or going bankrupt--which for the record, is not wrong. On paper, just one company? No problem. What MSM did NOT address was the Evergrande will have on the sector itself, then others as a result. Evergrande defaulting today will be a massive blow to the sector only making things even harder for those similar in size and state of Evergrande. TONS of these companies have been missing payments and defaulting, not just Evergrande in the past six months. Once Evergrande goes under, **those will too.** Do you think the central bank of China can bail out the entire sector and other issues stemming from it? ***Absolutely not.*** Once that happens, the bank of China then defaults then spreading the poision globally, namely the USA which is already in a glass-cannon state. You can sneeze on the US economy at this point and it will crash. If the federal reserve then defaults too, the dollar tanks and every currency that is backed by it and pegged to it. So, start buying stock to soup kitchens. + +# Last and final point: + +I'm pretty sure we're nearing total global collapse. I normally hate hearing that kind of shit or I think anyone saying that is crazy, but man, I can't say I've seen economic problems get this bad. Two big super powers looking fragile as fuck right now. + +As for the U.S., Federal Interest rates are already next to nothing. Can't keep printing money either with inflation at 6.2% so when the feds increase interest rates, the economy will plunder. The debt ceiling is less than 30 days away, *haven't heard a single thing yet from it either.* COVID is still a problem but not nearly as bad as what regulation will be once it kicks in. You think supply lines are bad now? Ya, you just wait. + +So, yea, I'm serious, I really think total collapse is close, dangerously close and I encourage anyone of you nearing retirement to pull your money from your 401k before the market tanks and swallows it. Mother nature is about to shave off bad DNA for the next 10 years. +You magnificent man! His granny was totally jamming out to the song + +# "You Really Got A Hold On Me" - Smokey Robinson & The Miracles + +Lyrics + +\-----> I don't like you, but I love you +Seems that I'm always thinking of you +Oh, oh, oh, you treat me badly +I love you madly, you really got a HOLD on me +You really got a HOLD on me, +you really got a HOLD on me, +you really got a HOLD , baby +I don't want you, but I need you +Don't want to kiss you, but I need you +Oh, oh, oh, you do me wrong now +My love is strong now you really got a HOLD on me +You really got a hold on me, +you really got a hold on me, +you really got a hold, baby +I love you and all I want you to do is just hold me +HOLD me, HOLD me, HOLD me + + +Tighter +Tighter +I want to leave you, don't want to stay here +Don't want to spend another day here +Oh, oh, oh, I want to split now, I can't quit now +You really got a hold on me, you really got a hold on me, you really got a hold, baby +I love you and all I want you to do is just hold me, please +\-----> Hold me, SQUEEZE, HOLD me, HOLD me +\-----> You really got a HOLD on me +\-----> You really got a HOLD on me +\-----> I said you really got a HOLD on me + +SQUEEZE!?!? HODL!?!?!? SAY NO MORE!!!! + +GME TO THE MOON!!!! 🚀🚀🌑 💎💎💎👐👐👐KEEP HOLDING APES! WE ARE SO CLOSE!!! +For about a decade now I have been obsessed with the concept of FIRE: how to achieve it, how to optimize it, how it affects one's life. And it was only today that I suddenly realized what the exact opposite of FIRE was--and how much better it is. + +It's a pretty long-winded road, but I've been rewatching the Sopranos, and I googled the actress who plays Tony's mother: Nancy Marchand. A well respected actress, Marchand had been in the business for six decades when she got into this role, and she played it until the very end of her life, even though she was recovering from cancer at the time. This isn't the first instance I've heard of an actor going on with the show despite a terminal illness; Christopher Evan Welch of season 1 of Silicon Valley also believed the show must go on, and gave one of the best performances of that series despite his illness. + +These are people who carried on working despite the fact that they were going to die soon; retirement wasn't an issue for them--their problem was the opposite. At its core, FIRE is about making the money we earn from work last as long as our lives do, although our lives are longer than our careers. In these cases, these were people who were facing the fact that their careers were lasting longer than their lives were. And they kept working to the very end. + +Why? Because they *loved their work*. This is the exact opposite of the FIRE community, who, at the end of the day, are driven to leave their jobs because they hate it. + +One of the pieces of advice the FIRE community loves to throw out is that young people should choose jobs not based on what they love to do but based on what makes the most money--so that they can earn as much as possible as soon as possible and get out of the rat race. But there are many cases of people hwo chose to do what they loved, and they loved it so much that they kept doing it even when the money no longer mattered, because they were going to die soon. + +We should consider this--and we should consider whether the idea of just saving as much as possible and working as little is possible is truly the best way to live a good life. +**Official blog post:** [https://brave.com/brave-passes-3-million-monthly-active-users/](https://brave.com/brave-passes-3-million-monthly-active-users/) + +Brave now has over 3 million monthly active users (over 3.1 million as of July 1st) and is currently growing at a pace to pass the 5 million mark before the end of 2018. + +Brave has also reached the Top 10 category in “free communication apps” for its [Android browser](https://play.google.com/store/apps/details?id=com.brave.browser) in the Google Play Store in the United States as well 20 countries across Europe, Asia, and the Americas. This includes #8 in the U.S., #7 in Canada,  #8 in France, #4 in Portugal, #6 in Spain, #5 in Ireland, as well as #3 in Indonesia, #7 in Singapore, #10 in South Korea, and #5 in Argentina. + +Last week we issued BAT grants to Brave users as part of our monthly $500,000 [BAT giveaway](https://brave.com/brave-users-get-rewarded-to-browse/), so be sure to claim yours to then support your favorite sites, YouTube channels, and Twitch streamers. Monthly grants to users give approximately 5 USD in promotional BAT, and Brave users can claim them via the in-browser notification or by checking the status of the integrated Payments settings in the latest Brave desktop browser. + +There are currently over 18,000 [Brave verified publishers](https://publishers.basicattentiontoken.org/) (over 4,500 websites and 13,500 YouTube and Twitch streamers), and last week they received their monthly BAT payments as well. + +The Brave Creator Referral Program is ongoing, with over 11,700 creators currently participating. If you have a website, YouTube channel, or Twitch stream, simply click [here](https://brave.com/refer) to join. Refer your audience to Brave and earn $5 per referral to further support your content. If you have 100,000 followers and 1&#37; of them switch to Brave, that could mean $5,000 in your account! + +To help ensure we maintain consistent communication with our users, we recently switched our email newsletter service provider from MailChimp to [SendGrid](https://sendgrid.com/) given MailChimp’s [recent limitations](https://mailchimp.com/legal/acceptable_use/) prohibiting the use of their service for marketing and content related to cryptocurrency, virtual currency, and digital assets. Using SendGrid will also provide our users and creators with better privacy protection. + +We’re looking forward to soon launching our [opt-in private ads](https://brave.com/brave-launches-user-trials-for-opt-in-ads/) that will pay users, so if you’re interested in joining our testers and providing feedback, please contact our Early Access group via [community.brave.com](https://community.brave.com/t/something-new-brave-early-access-a-call-for-volunteers/17894). + +And be sure to visit our [Brave Store](https://store.brave.com/) if you’re looking for the latest gear, it now includes ladies’ styles per popular request. + +*Brave Referral Program for creators available at* [*https://brave.com/refer*](https://brave.com/refer) +Here is the story he told me. Plenty of red flags but I’m interested if anyone has any experience with a similar situation. + +So essentially a few months ago my friend purchased a 5 year anti virus/computer protection service from a company called “Yale Vision”. I googled around and can not seem to find this company first of all. My friend goes ahead and pays $400 (wtf who pays $400 for antivirus??) for 5 years of service. + +Fast forward to yesterday, few months after purchase, someone supposedly from the company calls my friend and explains that they are going out of business and he is owed a refund. So after a long drawn out process, the rep transfers the refund to my friends bank account. He was supposed to get $400 and he realizes the rep sent him $4000. + +So my friend goes “Hey man you sent me 4000 not 400”. Cue the rep freaking out, getting management on the line, freaking out. They go on to ask him to go to the nearest Walmart and transfer them the money right now to avoid any delays because they need their money back. + +My friend, thinking he just hit community chest in monopoly, essentially tells them to kick rocks and hangs up. They call back, he doesn’t answer and goes on to block them. + +He is pretty convinced that it was some sort of error on their part and this money is his now. + +To me, this sounds like one of the fake check scams where you end up over drawing your account and getting robbed but I don’t know. + +Did my friend just make a $4000 come up or is he as gullible as I think he is? If the company did make a mistake, can he legally keep the money? Is he going to be taken to court if the firm did make an error like that? + + +**EDIT: Did not expect this to blow up the way it did. I told him from the jump this is a major scam and I really appreciate everyone bringing to light some of the potential threats I did not consider. + +I made this post for my friend to see to hopefully convince him to take action. I believe it has to an extent, he will be going to his bank today. I will keep the post updated. +It seems like most people who are focusing on and planning for an early retirement work as employees. I know some business owners and they don't talk about retirement. They seem to work until they die or until they are unable to work anymore. They don't complain about their work. I've never had a business, but I get the impression that there is a lot more satisfaction when you work for yourself. + + +For me, personally, I've always hated having a boss. I can't stand having to wear a fake smile and saying "okay, that sounds good" in response to every idiotic thing that comes out of some boss's mouth or every idiotic decision that some boss makes. I don't like being under the thumb of someone else and have always detested authority figures. I also hate having to wear a fake smile and be fake friendly around coworkers and other people at work who I detest. I get the impression that is why most people hate their jobs and is a strong motivator for FIRE. I know it is for me . +TLDR: **Naked shorting appears prevalent in GME, and if true was likely aided by DTCC, whom by extension may have shut down the short squeeze on 1/28 because it would've caused a massive scandal had the squeeze happened**. I know ape can't read but I implore you to read the whole thing (originally wasn't going to add a TLDR but decided to add it just so more people will read even just a little bit) + +I was doing some research on naked shorting in the context of GME which led me down a rabbit hole of pieces connecting with each other as it relates to GME. I was taking notes while reading and below are the results of my notes. This is still a hypothesis and theory but appears supported by numerous pieces of the puzzle, I could be wrong but personally the pieces seem clear to me now: + +One of the interesting things about GME and a big part of what triggered the short squeeze happening is the extraordinarily large short interest percentage reported by Finra to be 226%, and later in the range of 150% percent of total float. Another interesting factor is the extraordinarily high number of FTIDs ([https://wherearetheshares.com/](https://wherearetheshares.com/)). Both are strong indicators of the practice of naked short selling which in general is illegal. In addition there have been many indications that there are far more shares out there then should exist (there are many analysis and data points pointing to this but just one example: [https://www.reddit.com/r/wallstreetbets/comments/le235t/gme\_institutions\_hold\_177\_of\_float\_why\_the/](https://www.reddit.com/r/wallstreetbets/comments/le235t/gme_institutions_hold_177_of_float_why_the/)). Where do these shares come from? One potential explanation is synthetic long shares (created via a loophole described here [https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence\_points\_to\_gme\_shorts\_not\_having\_covered/](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/)) or counterfeit shares caused by naked shorting. + +I’m an entrepreneur, not a finance expert, so I started doing some more digging on naked short selling to educate myself more on the subject. I started with this [https://www.sec.gov/investor/pubs/regsho.htm](https://www.sec.gov/investor/pubs/regsho.htm). “Failures to deliver may result from either a short or a long sale. There may be legitimate reasons for a failure to deliver. For example, human or mechanical errors or processing delays can result from transferring securities in physical certificate rather than book-entry form, thus causing a failure to deliver on a long sale within the normal three-day settlement period. **A fail may also result from “naked” short selling**.” + +Interesting. We have a consistent and very high rate of FTIDs dating from 2020 and beyond, an indicator that the stock has potentially been naked shorted for a long time. + +According to former Chairman of the SEC Christopher Cox, “Abusive **naked short sales... can be used as a tool to drive down a company's stock price** to the detriment of all of its investors. The Commission is particularly concerned about **persistent failures to deliver in the market** for some securities that may be due to loopholes in the Commission's Regulation SHO, adopted just two years ago… Selling short without having stock available for delivery, and **intentionally failing to deliver stock within the standard three-day settlement period, is market manipulation that is clearly violative of the federal securities laws**… We are particularly concerned about the potential negative effect that **substantial and persistent fails to deliver may be having on the market in some securities.** Specifically, these fails to deliver can deprive shareholders of the benefits of ownership - voting, lending, and dividends from issuers. Moreover, **they can be indicative of abusive naked short selling, which could be used as a tool to drive down a company's stock price**. (Source:[ https://www.sec.gov/news/speech/2006/spch071206cc2.htm](https://www.sec.gov/news/speech/2006/spch071206cc2.htm)) + +In a different speech Mr Cox re-iterated that short selling helps prevent "irrational exuberance and bubbles. But **when someone fails to borrow and deliver the securities needed to make good on a short position, after failing even to determine that they can be borrowed, that is not contributing to an orderly market – it is undermining it.”** Mr Cox also “referred to "the serious problem of abusive naked short sales” as “**a tool to drive down a company's stock price**" and that the SEC is "concerned about the persistent failures to deliver in the market for some securities that may be due to **loopholes in Regulation SHO**" (which reminds me of this piece I wrote [https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence\_points\_to\_gme\_shorts\_not\_having\_covered/](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/)) (source for SEC Chairman’s words: [https://www.sec.gov/news/speech/2008/spch071808cc.htm](https://www.sec.gov/news/speech/2008/spch071808cc.htm)) + +As another datapoint, Robert J. Shapiro, former undersecretary of commerce for economic affairs has claimed that **naked short selling has cost investors $100 billion and driven 1,000 companies into the ground**. (Source: This was originally in a time magazine article from 2005 which was deleted[ https://time.com/time/magazine/article/0,9171,1126706-3,00.html](https://time.com/time/magazine/article/0,9171,1126706-3,00.html) but the statement still exists in record in an SEC Filing from 2008[ https://www.sec.gov/comments/s7-08-08/s70808-170.htm](https://www.sec.gov/comments/s7-08-08/s70808-170.htm)) + +I also read ‘**One complaint about naked shorting from targeted companies is that the practice dilutes a company's shares** for as long as unsettled short sales sit open on the books. This has been alleged to create "**phantom" or "counterfeit" shares**, sometimes going from trade to trade without connection to any physical shares, and **artificially depressing the share price’**”. Shortly after, I read that Matt Taibbi contended the use of naked shorting and counterfeit shares was the tactic used to help kill both Bear Sterns and Lehman Brothers. Taibbi said that the two firms got a "push" into extinction from "a flat-out counterfeiting scheme called naked short-selling". (Source:[ https://www.rollingstone.com/politics/story/30481512/wall\_streets\_naked\_swindle](https://www.rollingstone.com/politics/story/30481512/wall_streets_naked_swindle)) + +All these sources above seem to support the theory that GME stock was wildly naked shorted, which put funds in the risk of being badly short squeezed. If investing on the basis of the extraordinarily high short interest percentage, GME was a prime candidate for a short squeeze to happen -- potentially even an infinite short squeeze. On 1/26 Elon tweeted about Gamestop and that was the day the stock entered the mainstream for a lot of people and retail investors began to really pile on to the stock outside of WSB. The goal of this was to push the stock price up and trigger a short squeeze, the theorized losers would be the funds that naked shorted and would be stuck in the squeeze. + +On 1/28 Thursday when the stock had immense momentum from the moment pre-trading started (the stock shot up to 513 in pre-trading) and it looked like the squeeze was going to happen that day, the momentum was suddenly shut down when Robinhood (where many or potentially majority of retail investors were on) were shut off from the ability to buy GME stock and only allow selling, followed by several other brokers. Many believe this was a result of collusion and that this shut down allowed badly besieged hedge funds to close some positions while the public was shut out of buying (but funds were not.) When this happened people were upset at Robinhood suspecting it was a result of potential collusion between Robinhood and Citadel (which along with Point72 invested a lifeline of 2.5 billion to Melvin Capital, one of the short side funds, and is also responsible for something like 40% of Robinhoods entire revenue by buying their order books), but many also speculated collusion with DTCC itself. Now, personally speaking, its kind of crazy to think about DTCC being complicit in something like this. However, looking into the details of what happened, a skeptical part of me became suspicious. + +Apparently what triggered the shut down on trading GME on that day was DTCC sending a letter at 4 am to Robinhood requiring them to come up with 3 billion dollars ([https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/](https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/)) . So it sounds like it was essentially this DTCC letter that led to the shut down of the momentum on GME and the short squeeze happening. On that day, there were theories thrown out that DTCC was potentially complicit in the naked short selling of GME and intentionally did this to stem the massive blow back/scandal if an infinite short squeeze did happen. Assuming the price of share of the price rocketed to 1000 or beyond (which would be likely in the event of a short squeeze or infinite short squeeze), hedge funds would likely go bankrupt as financially speaking there would be no way they would be able to cover all their shorts, and presumably entities that lent the short side hedge fund the shares to short would be holding the bag. Worse, DTCC would be exposed for being complicit in this entire thing, I imagine it would be an incredible scandal to say the least. + +Then I read something that caught my eye… DTCC has had a history of being at the center and source of naked shorts. From an article dating back to 2007, “Depository Trust & Clearing Corp. is a little-known institution in the nation's stock markets with a seemingly straightforward job: It is the middleman that helps ensure delivery of shares to buyers and money to sellers. About 99% of the time, trades are completed without incident. But about 1% of the shares -- valued at about $2.5 billion on a given a day -- aren't delivered to the buyer within the requisite three days, for one reason or another. **These "failures to deliver" have put DTCC in the middle of a long-running fight over whether unscrupulous investors are driving down hundreds of small companies' share prices**.” (Source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)) + +Apparently the DTCC has been known to be allowing or complicit in this action for a very long time. According to Wall Street Journal “**There is no dispute that illegal naked shorting happens. The fight is over how prevalent the problem is -- and the extent to which DTCC is responsible**. Some companies with falling stock prices say it is rampant and blame DTCC as the keepers of the system where it happens. DTCC and others say it isn't widespread enough to be a major concern.” (Source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)). + +"It has been alleged in **tens or hundreds of lawsuit**s that the DTCC and its **Prime Broker owners have abused their monopoly position to create numerous techniques that allow for the creation of counterfeit shares through naked shorting** that facilitate stock manipulation by hedge funds. Law suits have been brought against Merrell. Lynch, Goldman Sachs, Morgan Stanley, JP Morgan, UBS, other market makers and also the DTCC. The Prime Brokers and DTCC have fought back ferociously against these lawsuits with great success and **have been largely successful in blocking attempts to gain access to their transaction data bases. The information that they do release is incomplete, self-serving and misleading**. (Source: [https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/](https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/)) + +As a thought experiment, lets say naked shorting is rampant in GME (many many indicators point to this) and lets say DTCC was ultimately responsible for allowing a wide scale naked shorting campaign on GME, wouldn’t it be in their best interest to make sure this doesn’t get out and blow up in their faces? Something to consider. Because had they not done what they did on 1/28 Thursday, many traders believe the squeeze would’ve happened that day. + +From the Wall Street Journal: “The Securities and Exchange Commission has viewed naked shorting as a serious enough matter to have made two separate efforts to restrict the practice. The latest move came last month, when the SEC further tightened the rules regarding when stock has to be delivered after a sale. But **some critics argue the SEC still hasn't done enough**… Some delivery failures linger for weeks or months. Until that failure is resolved, there are effectively additional shares of a company's stock rattling around the trading system in the form of the shares credited to the buyer's account, critics say. **This "phantom stock" can put downward pressure on a company's share price by increasing the supply… Critics contend DTCC has turned a blind eye to the naked-shorting problem.”** (source: [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720)) + +From everything I’ve seen, as someone who has been an observer and a participant of this saga starting from 1/26, many things look very fishy and there are a lot of red flags people have documented. I personally hold the following hypothesis: + +* GME shorts engaged in rampant naked shorting which lead to the short interest of the stock being 221% and 150% at various times, and as late as 1/28 reported by S3 to be 122% [https://twitter.com/ihors3/status/1355246955874701314](https://twitter.com/ihors3/status/1355246955874701314) +* GME shorts potentially hid their positions via a loophole of generating synthetic longs ([https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence\_points\_to\_gme\_shorts\_not\_having\_covered/](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered/)) and using those to “cover” their positions but not truly covering, which is illegal to cover using this particular method, and which has the effect of delaying the short needing to be closed, potentially betting on retail investors to lost interest and price to go back down before they truly close +* As a result of naked shorting a large amount of counterfeit shares are floating in the market leading to there being far more GME shares then the actual float +* The counterfeit shares can/have been used in [aggressive naked short attacks](https://www.reddit.com/r/wallstreetbets/comments/lf4vn3/yes_laddering_is_real_short_ladder_attack_is_just/) to further drive down the price of GME, which may have led to the precipitous price drop starting last Monday and which may have also been aided by if they were able to [artificially cover their shorts using synthetic long shares](https://www.reddit.com/r/wallstreetbets/comments/leorks/evidence_points_to_gme_shorts_not_having_covered) +* Due to the widespread naked shorting that all signs are pointing to, DTCC which has had history of being accused of turning a blind eye to naked shorts, may’ve turned a blind eye to the rampant naked shorting happening in GME +* There was potentially collusion on 1/28 to stop the short squeeze from happening whereby DTCC may be involved and may be implicated had the squeeze happened due to the position of naked shorts, it would have been an unbelievable scandal if exposed. + +With the hearing coming up on February 18th, I highly recommend you email and tweet the representatives involved in the hearing, as well as your own district representatives, and urge them to read into the factors presented in this post and **call the DTCC and Prime Brokers to the hearing**l. **They need to be questioned on why GME has so many counterfeit shares, failed to deliver, their complicity in naked shorting, and investigated for their role in the retail shut down of 1/28.** Below are 4 members of congress I recommend both tweeting and emailing + +Alexandria Ocasio-Cortez [https://twitter.com/AOC](https://twitter.com/AOC), email: [us@ocasiocortez.com](mailto:us@ocasiocortez.com) + +Al Green [https://twitter.com/repalgreen](https://twitter.com/repalgreen), email: [al.green@mail.house.gov](mailto:al.green@mail.house.gov) + +Maxine Waters [https://twitter.com/maxinewaters](https://twitter.com/maxinewaters), email: [maxine.waters@mail.house.gov](mailto:maxine.waters@mail.house.gov) + +Nancy Pelosi Email: [https://twitter.com/SpeakerPelosi](https://twitter.com/SpeakerPelosi) email: [sf.nancy@mail.house.gov](mailto:sf.nancy@mail.house.gov). + +And you can find other members of Financial Services Committee here to reach out to: [https://financialservices.house.gov/about/committee-membership.htm](https://financialservices.house.gov/about/committee-membership.htm) + +**Edit: Matt Taibbi's rolling stone article is highly relevant and good reading on this subject** [**https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/**](https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/)**, so many parallels that the signs are hard to miss. Even if you've read it before, recommend reading it again. Shows me that if the hypothesis posed is true, Prime brokers are likely complicit. Prime brokers also happen to own the DTCC.** + +**This brings up another interesting thought experiment: On 1/28 when the price was 450+ and shorts were likely under 100, if we assume prime brokers allowed naked shorting in GME, then when the squeeze was about to happen (or happening), if brokers margin called the shorts, they would presumably also go down because shorts would not be able to pay in that event and the brokers would be holding the bag. By that logic, they have every incentive in this case to NOT to margin call because doing would also taken them down and they would lose a lot of money. Instead the most logical option would probably be to make a backroom deal, which is what I personally think mostly likely happened.** + +Edit 2: A [compelling theory](https://www.reddit.com/r/Wallstreetbetsnew/comments/lglkwv/naked_shorting_in_gme_and_how_the_pieces_suddenly/gmsll2k/) put forth by someone on what the 800 dollar calls were for and how they could be used to cancel out naked shorts includes data/graphs, recommend giving it a read + +Edit 3: If you want to read more in depth about counterfeiting stock this is a good place to start [http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](https://href.li/?http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) +If you haven't been paying attention, there's been some interesting developments in RC's other investment: BBBY. Over the past week, BBBY went from about $11 up to $30 and now dropping back to $12 (AH today). What's going on? + +[Buckle Up all around](https://preview.redd.it/sdu4j0ocfji91.png?width=2398&format=png&auto=webp&s=6b4210e75b2b96676110235e616e405ea2ae7a75) + +**What if RC just played 69-D Chess turning the tables on Citadel and SusQ with a reverse Uno?** + +Two days ago (Aug 16), we saw that [Citadel and Susquehanna are big shareholders in BBBY](https://www.reddit.com/r/Superstonk/comments/wpwppp/citadel_and_susquehanna_are_big_shareholders_in/). Citadel and Susquehanna *went net long* on BBBY probably because RC was heavily invested in BBBY when it had over 100% short interest which is *very deep* into Short Squeeze territory. + +**The short positions were never closed** \-- the shorters (e.g., Kenny, Citadel and SusQ) used swaps to shift the short risks to people who were supposed to get *wrecked* when BBBY squeezed. Kenny, Citadel, and SusQ *set up bag holders to fail*. Probably teacher **pensions** ([Ken takes ZERO accountability again. Puts all the blame on retail investors for bringing down Melvin and stealing the pension funds of teachers!](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/) and [MOASS Confirmed by Ken Griffin](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/) and [OCC Filing of Advance Notice Expanding Non-Bank Liquidity Facility Program \[to destroy pensions\]](https://www.reddit.com/r/Superstonk/comments/w7zy4c/occ_filing_of_advance_notice_expanding_nonbank/)). + +MSM and Wall St have been attacking Ryan Cohen for his BBBY position. Interestingly, we find out today that [RC sells his position making some fat cash](https://www.sec.gov/Archives/edgar/data/0000886158/000092189522002496/sc13da313351002_08182022.htm) ([SuperStonk](https://www.reddit.com/r/Superstonk/comments/wrtqb4/rc_officially_sold_towel_stock_sensing_big_buy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)). Now, RC can't be blamed for a BBBY short squeeze. BBBY hasn't squeezed yet and *he's out.* + +On this news, BBBY stock tanks down to $12 AH. Remember who just went long? **Citadel and Susquehanna** \-- their long positions just took a nosedive off a cliff. + +**Now what?** + +Remember those bag holders Citadel and Susquehanna aimed to wreck with swaps? Swaps work both ways. **They just got a huge windfall in profits!** Citadel and Susquehanna need to pay up and close those swaps that were supposed to wreck the bag holders. The targeted bag holders just got a lesson in understanding who they're trading with before signing on the dotted line. + +**TADR: Citadel and Susquehanna just got wrecked** + +* RC just played 69-D Chess making bank off BBBY *before* it squeezes. (Remember how Burry gets visited by the FBI and audited by the IRS? RC probably would like to avoid some of that.) +* Citadel and Susquehanna went *net long* BBBY two days ago (Aug 16) so they were primed and ready to profit off a squeeze where they would pin the blame onto RC *who's now out*. Their long positions just nosedived off a cliff. **Guess who needs liquidity now???** (Hint: [Citadel Bonds rated one step above Junk status Baa3. Can’t make this shit up.](https://www.reddit.com/r/Superstonk/comments/wqtvie/citadel_bonds_rated_one_step_above_junk_status/)**)** +* Citadel and Susquehanna set up bag holders (think *pension funds*) for the BBBY squeeze. Except with this drop, the swaps are handing the bag holders fat loads of cash *from the people who tried to screw them*. +* The short interest is still out there. The shorts never closed. Assuming the targeted bag holders get smart real quick, they'll get paid out leaving Citadel and Susquehanna to be net short again to take the fall when BBBY squeezes.  +* RC, being out of BBBY, can't be the scapegoat for the eventual BBBY squeeze. + +Obviously, Citadel and Susquehanna now just lost a ton of money which makes it real hard for them to keep their GME short game in play. + +EDIT: Add link to [rc officially sold towel stock.. sensing big buy order coming, 🚀](https://www.reddit.com/r/Superstonk/comments/wrtqb4/rc_officially_sold_towel_stock_sensing_big_buy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +EDIT 2: "**The short positions were never closed."** The BBBY squeeze is not yet squoze. + +Buckle up! 💎🙌 + +EDIT 3: Emphasize teacher pensions with links. + +EDIT 4: [Financial Times: Ken Griffin’s Citadel Securities borrows $600mn as trading revenues surge](https://www.ft.com/content/f3206b39-0cd9-4956-8a87-f5b2f85025ea) courtesy of u/Longjumping_College's comment Citadel needing liquidity + +EDIT 5: [RC Sold 2 days ago (Aug 16 and 17), price crashed yesterday (Aug 18)... After hours. It's all smoke and mirrors](https://www.reddit.com/r/Superstonk/comments/ws58at/some_clarity_rc_sold_2_days_ago_price_crashed/). And BBBY's CFO sale has been planned since April ([Guess who else sold this week? The CFO Gustavo Arnal. PLOT TWIST he decided this in April](https://www.reddit.com/r/BBBY/comments/ws26r2/guess_who_else_sold_this_week_the_cfo_gustavo/) and [Something big is brewing](https://www.reddit.com/r/BBBY/comments/ws0mzy/something_big_is_brewing/)). + +**Timeline:** RC bought in March and gets in with BBBY. Just as how GME sold shares during the peak SLR periods, BBBY's CFO learns from RC and plans a sale in April for the peak *earlier this week*. + +**This has all been** ***expected***. The dump occurred *after* RC sold based on MSM which now paints MSM as the manipulator. To top it off, this all seems like *magic* to anyone at BBBY which is great for building **trust** between RC and BBBY. **Lots of money just flowed** ***out*** **of Citadel and Susquehanna** \-- both heavily short on RC's main investment, GME, and in need of liquidity. +Ford has an ex-div date approaching on 11/18. If your ITM short calls have less than .10 of extrinsic value left, you should close or roll by end of trading tomorrow if you want to avoid assignment. + +It's been a while since $F paid a dividend, and I almost forgot about it myself. +[https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/](https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/) + +I think this will stabilize the Ruble, people will prefer a hard currency over fiat, increasing demand for Ruble in addition to the fact that Russia is demanding payment for oil be made in Ruble as well - as predicted. + +People hate a gold standard, I am also a skeptic, but they often forget that Germany reigned it hyper-inflation by temporarily re-pegging their currency to gold if I'm not mistaken. This psychologically creates value to people compared to fiat currency and can act as a temporary stabilizer for countries experiencing hyper-inflation. + +Thoughts? + +I also think this will spark a global great reset, countries will move away from a fiat based US dollar to one backed by gold. The Yuan is set to follow suit. + +We are in for global power reshuffling, and with that comes violent geopolitical conflict, buckle up. + +Edit: This absolutely relates to Canadian investing, as this will have massive implications on markets, the price of gold, and so on. +I’m fairly new to the space and this is the first real dip I’ve witnessed so I’m tempted to go all in and scoop up as much as I can. + +What is everyone else doing? + +EDIT: It seems like all the real ones agree with my urge to unload. I’m looking forward to viewing this post a year from now, whatever way it goes. + +1/5/2022: $3,439 +We have a lot of new users on this subreddit and often they’re asking questions about whether a stock/company they’ve uncovered through their own “unique” screener/process is a value stock. Then they proceed to ask for inputs from the group and most of the time, the input they provide is nothing more than a few hand picked multiples and or the price. + +First, there is a difference in buying cheap stocks and buying a business predicated on value. Price is the barometer of cheap vs expensive relative to anything, let’s say the S&P 500 or ideally, if you are seriously fixated on that measure, the industry with similar companies of similar segments/products. On that basis, multiple may suffice if the multiple and the comp analysis is backed by some qualitative research to extrapolate out a rough future. Anything in relative absolutes has a high degree of failure, but even a broken clock is right twice a day. + +Now Value purchases require a completely different state of mind. First, you have to ask *why* a cheap company - let’s say that’s the starting point, has any value. Secondly, you have to research the company, it’s business model, it’s segments, it’s customer relationships, it’s customer segments and percentage of business derived from each customer, understand business risks, capital structure, and a rough estimate of how the company has performed as outlined by the management. Finally, you look at the numbers as far back as you can and try to atleast understand the 3 financial statements, Sales > Net Income, Net Income > Cash ending balance and Free Cash Flow, and Y/Y changes in balance sheet. + +Once you have completed the above, you can feel assured that you have a decent idea about the company. To go from decent to good, you have to run ratio analysis to get the feel for the company, the management, the performance and underlying weaknesses to really have an opinion on what you think the business will do next year. + +A year out estimate is good, but a minimum of 5 year rough estimate is the right place to be. Given business cycles, to estimate the next 5 years, you need the above research on the last five/ten years (not as intensive for historical years as the last 3). Rough estimate is the estimate another retail investor would create, don’t try to be precise like the Wall Street - precision will get you killed. + +After that you run a DCF or if you are really good at DCF, then intuitively assign a multiple to that estimate. Multiple assignment without an understanding of what it implies as per the time value of money, is like trying to ride a unicycle while mountain biking. + +This is called a bottom up analysis where industry is researched once the company has been thoroughly researched and macro high-level add to the value-to-price equation. + +All of the above can be obtained for free. I have access to professional platforms yet the free research is all you need. These platform just give it structure for quick analysis . Spending $24k on Bloomberg will not allow you to make better decisions unless you have the process down. If you have the process down, you don’t need professional terminals. + +Risk # reward; time spent understanding = reward in value investing. + +It’s simple, easy it is not. + +And yes, that company that you think is cheap is indeed cheap - whether you will make money is anyones guess. Form your own opinion and stick with it. +Doing what you love for 70 years in a row, while staying alive, vigorous, sane, in demand, recognized and respected - isn't this a super life that everyone should dream of? + +I watched Munger's latest YouTube performances [here](https://youtu.be/Pp4CvjNw-9Y). He is 97 years old, and he sits and cheerfully answers any questions for 2 hours. Yes, under his ass he has a stroller, apparently it is already difficult to walk, but nevertheless, you have a million or a billion, if you could get to 97 in this state and not completely fall out of the cage, isn't this a real success? +**Analyst Note** | by Abhinav Davuluri Updated Aug 23, 2022 + +On Aug. 23, Intel announced a new co-investment program with Brookfield Asset Management to help fund Intel’s manufacturing expansion in Arizona and thus accelerate the firm’s IDM 2.0 strategy. Specifically, Intel will fund 51% and Brookfield will fund 49% of the $30 billion investment. Management has been stressing it expects to offset part of the hefty capital expenditure outlays required for its internal and foundry manufacturing aspirations via smart capital offsets, or government subsidies, private investment programs, and foundry customer prepayments. + +We are maintaining our $50 fair value estimate for narrow-moat Intel. While we view shares as undervalued for long-term, patient investors, we acknowledge that the next several quarters will be tumultuous for the firm. We remain positive on Intel’s IDM 2.0 strategy and expect the recently passed Chips Act and the agreement with Brookfield to boost the firm’s returns on invested capital over time. + +Intel’s capital intensity has risen sharply this year, as we expect capital expenditures to be about $23 billion, or 35% of total revenue. Although we model capital intensity to be in the 30% range going forward as Intel embarks upon its investment phase, management targeted a long-term net capital intensity of 25% as smart capital offsets ease Intel’s financial burden. + +We appreciate that the return Intel will pay to Brookfield will be below Intel’s cost of equity (about 8.5%) but above its cost of debt (about 4.4%). In the coming years, the deal's structure will provide a $15 billion cumulative benefit to Intel’s adjusted free cash flow as the fabs are built and ramped, with cash inflows and outflows better aligned, which should in turn allow the firm to maintain its dividend. Once the fabs are built and generate cash flows, Intel will then offer a relatively stable return to Brookfield, which should enable Intel to capture more of any potential upside as well as break even earlier than if it funded the fab on its own. + +**Business Strategy and Outlook** | by Abhinav Davuluri Updated Jul 29, 2022 + +Intel is the leader in the integrated design and manufacturing of microprocessors found in PCs and servers. With the rise in interconnectivity of devices, Intel strives to provide the most powerful and energy-efficient silicon solution to any product "smart and connected." The data centers used to facilitate the information stored, analyzed, and accessed by various front-end devices are mostly run with Intel server chips. + +Intel historically differentiated itself first and foremost via the execution of Moore's law, which predicts transistor density on integrated circuits will double about every two years, meaning subsequent chips have substantial power, cost, and size improvements. This scaling advantage was perpetuated through higher-than-peer-average R&D and capital expenditure budget that allows it to control the entire design and manufacturing process in an industry where the majority of competition focuses on only one phase. However, the firm had issues with its 10-nanometer process in recent years, and subsequently announced its 7-nm (Intel 4) process will be delayed until 2023, thus opening the door for competitors such as AMD to gain share. + +As cloud computing continues to garner significant investment, Intel's data center group has been an indirect beneficiary. Mobile devices are the preferred device to perform computing tasks and access data via cloud infrastructures that require large-scale server build-outs. This development has provided strong tailwinds for Intel's lucrative server processor business. We believe Intel will experience continued growth in the data center, though we note competition from AMD and customers designing their own ARM-based silicon are potent risks. + +The proliferation of mobile devices has come at the expense of the mature PC market, Intel's historical stronghold, with ARM and its cohorts joining AMD as chief rivals. The rise of artificial intelligence has also unleashed a new competitor in Nvidia for specialized chips to accelerate AI-related workloads. Consequently, Intel is now pursuing an array of non-CPU endeavors, including a discrete GPU for AI and other data center workloads. Intel will also offer its own foundry services. + +**Economic Moat** | by Abhinav Davuluri Updated Jul 29, 2022 + +We are lowering our moat rating for Intel to narrow from wide, as we are no longer certain that the firm can generate excess returns on capital over the next few years. We still believe Intel possesses cost advantages realized in the design and manufacturing of its cutting-edge microprocessors and intangible assets related to its x86 instruction set architecture license and chip design expertise. However, we believe Intel's cost advantage has eroded, as it faced significant product delays associated with its various 10-nanometer process technologies. Intel's x86 rival, AMD, and its foundry partner, Taiwan Semiconductor Manufacturing, or TSMC, have combined to leapfrog Intel in cutting-edge processors. In turn, in recent years, Intel has lost market share, conceded on pricing, and faced a sharp decline in gross margins and returns on invested capital. We believe that it is more likely than not that Intel can close the gap with TSMC/AMD and generate excess returns on capital over the next decade, but this is no longer a certainty, and we concede that Intel's manufacturing inferiority to TSMC/AMD will persist for the next year or two and perhaps longer. + +Intel primarily designs and manufactures central processing units, or CPUs, for PC and data center end markets. We believe Intel’s narrow moat is predominant in these business lines. Intel’s cost advantage is manifested via large scale semiconductor fabrication facilities that cost $20 billion-plus and create significant barriers to entry. Intel’s only competition for leading-edge semiconductor manufacturing is TSMC and Samsung. Semiconductor manufacturing is inherently capital-intensive and thus requires methodical planning and execution to keep the cost per chip at a reasonable level. Intel accomplishes this through investments in the latest process technologies. + +Following along the pathway prescribed by Moore's law, coined by one of Intel's chief founders Gordon Moore, the number of transistors per unit area doubles approximately every two years. As process technologies develop, the cost per unit area increases while the unit area per transistor decreases. Thus, by netting these two trends, Intel is able to decrease the cost per transistor with each successive technology node. Intel has pioneered key innovations such as Fin field-effect, or FinFET, transistors (3D transistors) at its 22-nm process that allowed superior power, performance, and (smaller) area (whereas TSMC and Samsung didn’t implement FinFET until their 16- and 14-nm processes, respectively). + +However, for the economics of the business to be pragmatic, there needs to be strong demand via differentiated products that can be sold at high margins and sufficient volumes. Over the years, Intel has managed to maintain high prices for its leading-edge processors in the PC and data center markets. In turn, the company can reinvest in state-of-the-art fabs and a massive research and development (R&D) budget, in order to innovate on the next generation of best-in-breed processors. Intel remains the vast market leader in x86 PC and server CPUs (80%-plus market share in aggregate, per Mercury Research) and this virtuous cycle has served Intel well over the past few decades. + +In addition, Intel also boasts intangible assets related to its x86 license and chip design and process technology expertise. The x86 ecosystem (in which both Intel and AMD’s core products coexist), is representative in the vast majority of PC and server CPUs. Intel initially developed x86 in 1978 and licensed the architecture to AMD, in order to satisfy conditions from IBM that required a second source of chips. Intel and AMD are the primary licensees of x86 and owners of x86 intellectual property, as they have a cross-licensing agreement that covers the x86 patent portfolio and would be terminated if either firm was acquired or had a change of control. Effectively all computer software written to run on PCs and servers is written specifically for the x86 architecture, which makes it challenging for non-x86 chipmakers (such as those that license ARM architecture, such as Qualcomm, Broadcom, or others) to encroach upon Intel and AMD’s x86 CPU turf. In turn, both Intel and AMD have been able to maintain high pricing on its x86 processors and fend off any ARM-based upstarts. + +In CPUs, we believe that high customer switching costs are pervasive within the x86 ecosystem, as a wide variety of software is written to be optimized on x86 processors from Intel and AMD. These switching costs have likely kept ARM-based processor suppliers at bay over the years. However, we do not attribute switching costs as a moat source to Intel because its PC and server CPU customers can switch somewhat easily between Intel and AMD CPUs. In fact, Intel may benefit from some modest switching costs over AMD in the data center, most notably around the software and support provided to server customers. The life cycle of such devices is also rather short, meaning a design win into a given PC or server model does not guarantee decades of repeat business. + +We believe that Intel still benefits from both a cost advantage and intangible assets around x86, although we acknowledge that the business is under assault from a variety of angles, all of which have led us to reduce our moat rating for Intel to narrow from wide. The biggest concern of ours in recent years has been Intel's manufacturing delays with its 10-nanometer process. The company's ineffectiveness in delivering these processors to market has "broken" the firm's former virtuous cycle and its “tick-tock” strategy, in which the firm advanced it technology node every two years to reduce feature sizes (the tick), while it launched a new architecture for its microprocessors during the years in between (the tock). In turn, TSMC and AMD have taken the technological lead in x86 products. + +Intel has lost about 10 percentage points of PC CPU market share to AMD, from 90% share in 2018 to 80% share in the first half of 2022. In server CPUs, AMD’s share has gone from 2% in 2018 to about 15% in the first half of 2022. We also believe Intel has conceded on price, to prevent this share loss from becoming even worse. Similarly, Intel’s GAAP gross margins have deteriorated from 62% in 2018 to a low of 37% in the second quarter of 2022 (though we expect a rebound to around 50% in the coming quarters). + +We believe that 2022 will be a technological (and, likely, a financial) "bottom" for Intel, as we think TSMC and AMD will remain on the manufacturing forefront. We expect Intel to get back on track with its Intel 4 process node (ramping in 2023) thanks to the insertion of EUV lithography that will greatly simplify its manufacturing process. We also expect Intel to utilize TSMC for some "chiplets," or chip parts, to ensure Intel can meet its milestones for product releases. The next major transistor innovation expected to succeed FinFET is gate all-around, or GAA, that will allow chipmakers to continue traversing Moore’s Law. TSMC and Samsung are expected to deploy GAA in future processes (3-nm and below), and we believe Intel has an opportunity to be more competitive if it can better deploy GAA. + +We don't necessarily believe these moves will allow Intel to leapfrog TSMC/AMD, but they should bring Intel much closer to its rivals (especially when factoring in TSMC’s own delay of its 3-nm process from 2022 to 2023). Even if Intel has further delays and continues to lag TSMC for an even longer period of time than we anticipate, we still foresee Intel having a manufacturing advantage over nearly every other chipmaker. Additionally, we think customers will continue to source products from Intel (either directly or via its foundry efforts), primarily to avoid concentration risk with TSMC. + +Outside of x86 chip manufacturing, Intel and the x86 ecosystem faces the risk of displacement from ARM-based processors. + +ARM-based chips (the primary competition for x86-based chips) have proliferated mobile computing, including nearly every smartphone and tablet, but have had very little success in displacing x86 in PCs and server (until very recently) due to the costs of rewriting software and lack of sufficient performance. We expect ARM-based chips to generate some traction in the coming years. Apple's shift has been most notable, as it has deployed its own ARM-based CPUs, the M1 and M2, within its Mac computers. Amazon, Microsoft, Nvidia, AMD, and a host of others are focused on ARM-based processors, too. However, we think this transition will be slow. + +One critical area dominated by x86 is gaming, with both PC gaming and premium video game consoles heavily centered on x86-based processors. Usually, x86-based platforms have more powerful CPUs and GPUs with many compute cores and memory, which are important factors when trying to maximize performance (including framerate and graphical fidelity). While the broader PC market has plateaued over the past decade (before a COVID-19-related resurgence in 2020 and 2021), the PC gaming sub-segment remains a robust market that we expect will remain x86-centric as we’re skeptical the majority of high-end PC games will be rewritten for ARM-based computers any time soon. + +In servers, several leading hyperscale cloud customers have been interested in ARM-based CPUs for years, with Amazon notably designing its own ARM-based Graviton processors. However, we believe these ARM-based chips will remain limited to relatively less-intensive workloads, and we do not foresee Amazon or its peers such as Microsoft or Google converting 100% of its data center workloads to ARM-based processors. While switching from x86 to ARM is not impossible and does happen, we believe the bar that needs to be cleared is higher: the chip needs to be faster, more efficient, cheaper, and have the support to port over. Rewriting software to run on a different architecture is a considerable hurdle that we think will stifle ARM inertia in the coming years. + +Outside of x86 PC and server processors, we like Intel's efforts to diversify its business via organic and inorganic efforts, including the pursuit of burgeoning opportunities in the Internet of Things, AI, and automotive. Intel acquired two narrow-moat firms in recent years (Altera for FPGAs and Mobileye for automotive computer vision processors) and AI startups such as Habana Labs, Nervana, and Movidius. Given the relatively smaller contribution to total sales, we don’t view these adjacencies as material to Intel’s narrow moat rating at this juncture. That said, we anticipate Intel’s sales in AI accelerators, 5G basestation SoCs, networking, and other server chips will outpace the firm’s PC and server CPU businesses in the coming years. + +Additionally, Intel plans to offer foundry services to fabless chip designers. Amazon, Qualcomm, and MediaTek have already signed up as partners, and we suspect that Intel will strive to win future business from Apple, as well. We think Intel’s foundry business will require at least a few years to build the credibility required for high-volume orders, but we ultimately expect Intel to emerge as a decent rival to TSMC and Samsung in the foundry industry. + +Regarding the CHIPS and Science Act of 2022 (approved by the U.S. Senate and U.S. House of Representatives in July 2022), we expect Intel to enjoy some subsidies (beginning in 2023), as part of the funds from the legislation (about $39 billion) will be available for the construction and expansion of chipmaking facilities. These funds should help Intel fund its increasing capital expenditure plans for its internal and foundry manufacturing efforts, in turn boosting ROICs. However, we do not consider government subsidies as part of our moat rating. + +**Fair Value and Profit Drivers** | by Abhinav Davuluri Updated Aug 11, 2022 + +Our fair value estimate is $50 per share. We expect revenue to be down 16.6% in 2022, primarily due to competitive pressures, a weaker macro environment, and the divestiture of Intel's NAND business to SK Hynix. When excluding NAND, we expect total 2022 sales to be down 11%. Over the next five years, we assume revenue to grow at a 2% CAGR. We see Intel’s PC-derived revenue declining in the mid-single digits on average over the next five years as Intel deals with a more competitive AMD and share loss at Apple. In the data center and AI segment, we think competition from AMD will be the fiercest, as it captures share at cloud customers with superior products over the next year or two. Over the next five years, we think DCAI sales will grow in the low single digits. + +The firm’s auxiliary segments (networking, graphics, foundry, and Mobileye) are key growth drivers, though they remain a relatively smaller portion of total sales. In the near term, we're most constructive on Intel's network and edge, or NEX, business, which includes networking chips sold into data centers, 5G networks, and the intelligent edge. We estimate midteens growth for NEX over the next five years. Intel's foundry and graphics segments are likely to approach $3 billion to $5 billion in annual sales by 2026, respectively, in our view. + +As AMD renewed its competitiveness, Intel's gross margins have declined from the low-60s to the mid-40s recently. We think the biggest headwind has been data center pricing. We expect 2022 to be a near-term trough of 45% and gross margins to remain in the low-50s for a few years. In 2025, management expects gross margins to return to the mid-50s due to improved process technologies (lower costs), better pricing for leading products (better performance), superior business mix and scale, and fiscal discipline. We expect some margin expansion in the coming years, though we expect long-term gross margins to remain around 54%. + +Intel’s historical market leadership benefits from sizable R&D expenses, which is critical to the firm’s ability to maintain its advantage, though the firm has faced manufacturing delays more recently. Going forward, we believe the firm's drive to ramp new process technologies at a faster pace will pressure margins by a few hundred basis points. We think the firm can drive operating leverage with more-focused research and development spending toward data center and AI end markets, leading to operating margins returning to the mid-20s over time. + +**Risk and Uncertainty** | by Abhinav Davuluri Updated Jul 29, 2022 + +Our uncertainty rating for Intel is high, as we incorporate the cyclicality of the chip space and increased competitive pressures and manufacturing challenges faced by the firm. The cyclical industry in which Intel operates could cause its profitability to fluctuate regardless of how successful it is in tailoring its chips to new markets. The threats posed by AMD in x86 CPUs, ARM-based CPUs developed by Intel’s customers, Nvidia’s first-mover advantage in AI, and Intel’s recent manufacturing struggles with its 10-nm process collectively underpin our uncertainty rating. + +Intel’s manufacturing issues delayed the launch of its 10-nm CPUs, while AMD’s partnership with TSMC at the 7-nm process led to AMD capturing market share in both PC and server CPUs. Both TSMC and Samsung reached the 7-nm node (in high volume capacity) in 2018, with TSMC ramping its 5-nm process in 2020. We note that TSMC’s 7-nm process is roughly comparable to Intel’s 10-nm. + +Intel’s 7-nm (Intel 4) process delay until 2023 means its chips on that process will be at least a year behind chips made on a comparable process at TSMC. Management expects Intel to outsource some portion of its chips to TSMC beginning in 2023 to retain product leadership, which we view as prudent course of action. + +Some of Intel’s major customers have begun to utilize more chips from AMD or develop their own ARM-based chips. Amazon has deployed ARM chips in its AWS cloud and Apple has designed its own ARM chips for its PCs. With Nvidia in the process of acquiring ARM, there is heightened risk that more ARM-based CPUs will threaten Intel’s x86 CPU hegemony. + +On the environmental, social, and governance front, we do not foresee any material issues on the horizon. Perhaps the greatest risk is the potential scarcity of experienced chip design talent within the industry. We appreciate the hiring of new CEO Pat Gelsinger in 2021, as he boasts a strong technical background that we think has spurred the return of former top chip designers. + +**Capital Allocation** | by Abhinav Davuluri Updated Mar 02, 2022 + +We assign Intel with Standard capital allocation rating. The rating reflects our assessments of a sound balance sheet, fair investments associated with the firm’s strategy and execution, and attractive and appropriate shareholder distribution policies. + +Intel has a sound balance sheet along with a conservative financing policy. At the end of 2021, the firm held about $38.1 billion in total debt and $28.4 billion in cash and cash equivalents, short-term investments, and trading assets. We think the firm generates sufficient cash flow and has ample resources to meet its debt obligations, capital expenditure requirements, potential acquisitions, and shareholder returns. + +The firm’s investments have ranged from commendable (Mobileye) to subpar (McAfee) and in between (Altera). We believe the firm must refocus its strategic investments toward its core competencies around design and manufacturing of high-value solutions such as data center CPUs and AI processors. + +Intel's IDM 2.0 strategy calls for the firm to get its manufacturing back on track while outsourcing some products to TSMC and also offering its own foundry services. Capital intensity will rise to about 35% in 2022, with capital expenditures being guided to $27 billion. We think Intel's process roadmap through 2025 looks compelling as it includes annual performance increases, EUV adoption, and a new transistor structure for 2024. That said, we think Intel faces considerable execution risk. + +In January 2021, Intel announced Pat Gelsinger will replace Bob Swan as CEO. Gelsinger has a rich technology background, having served as VMware CEO since 2012 and spending the first 30 years of his career at Intel. At Intel, Gelsinger was the firm’s first chief technology officer and also led 14 different microprocessor programs, including key roles in the Xeon (server) and Core (PC) product families. At VMware, Gelsinger was instrumental in transitioning the firm from a pioneer in data center virtualization into a critical component of cloud infrastructure. When Swan took over the CEO role in 2019, we were skeptical of Swan’s finance-oriented background as he appeared out of place relative to peers such as Nvidia CEO Jensen Huang and AMD CEO Lisa Su, both engineers. As Intel confronts competitive pressures and manufacturing challenges, we think Gelsinger’s technical and engineering expertise will serve the firm well in navigating these uncertainties. + +In January 2022, Intel named David Zinsner its new CFO. Zinsner had been Micron's CFO since 2018 and helped the memory supplier greatly improve its balance sheet while maintaining adequate investments in new memory technologies and capacity. We like the move as both Intel and Micron boast capital intensive businesses that require prudent spending and capital allocation, for which we believe Zinsner has demonstrated a penchant. + +The success of the firm's recent forays into new markets is still up for debate. Intel failed to break into smartphones, which is the stronghold of ARM-based processors, and even paid $1.4 billion to acquire Infineon's wireless connectivity chip business in 2011 to support the endeavor. The firm garnered solid traction at Apple with modem design wins in the iPhone 11. In 2019, it sold its 5G modem business to Apple, which we view as a wise decision given the weaker economics of smartphone components relative to Intel's PC and server CPUs. + +In 2015, Intel acquired Altera for $16.7 billion, mainly to serve large data center customers looking to leverage FPGAs in applications such as AI. While we viewed the rationale for this deal positively, Intel hasn't derived meaningful revenue synergies from the acquisition. In 2017, Intel acquired Mobileye for $15.3 billion, in order to kick-start its prospects in autonomous driving. In December 2021, Intel announced it is looking to publicly list shares in its Mobileye self-driving automotive unit in mid-2022. The relisting could value Mobileye at north of $50 billion according to a report by The Wall Street Journal. Intel will maintain majority ownership of Mobileye, which we think is prudent. Although we think Mobileye has rosy growth prospects, we think this capital allocation decision to unlock value via an IPO for the ADAS leader is a wise move for Intel as it will allow them to focus more on its core chip design and manufacturing business. + +In 2020, Intel announced it will sell its NAND business to SK Hynix for $9 billion. We like the deal as the company streamlined its focus on its core competency of CPU design and manufacturing. + +In 2022, Intel announced it will acquire Tower Semiconductor for $5.4 billion. We think acquiring Tower will kickstart Intel's foundry business, as Intel gains a fabless customer base, additional global fab capacity, and IP libraries and customer support capabilities. Tower's mature/specialty capacity also complements Intel's leading-edge logic offerings, while Intel offers Tower the scale to better compete with larger foundry peers. + +#### +We have a lot of new users on this subreddit and often they’re asking questions about whether a stock/company they’ve uncovered through their own “unique” screener/process is a value stock. Then they proceed to ask for inputs from the group and most of the time, the input they provide is nothing more than a few hand picked multiples and or the price. + +First, there is a difference in buying cheap stocks and buying a business predicated on value. Price is the barometer of cheap vs expensive relative to anything, let’s say the S&P 500 or ideally, if you are seriously fixated on that measure, the industry with similar companies of similar segments/products. On that basis, multiple may suffice if the multiple and the comp analysis is backed by some qualitative research to extrapolate out a rough future. Anything in relative absolutes has a high degree of failure, but even a broken clock is right twice a day. + +Now Value purchases require a completely different state of mind. First, you have to ask *why* a cheap company - let’s say that’s the starting point, has any value. Secondly, you have to research the company, it’s business model, it’s segments, it’s customer relationships, it’s customer segments and percentage of business derived from each customer, understand business risks, capital structure, and a rough estimate of how the company has performed as outlined by the management. Finally, you look at the numbers as far back as you can and try to atleast understand the 3 financial statements, Sales > Net Income, Net Income > Cash ending balance and Free Cash Flow, and Y/Y changes in balance sheet. + +Once you have completed the above, you can feel assured that you have a decent idea about the company. To go from decent to good, you have to run ratio analysis to get the feel for the company, the management, the performance and underlying weaknesses to really have an opinion on what you think the business will do next year. + +A year out estimate is good, but a minimum of 5 year rough estimate is the right place to be. Given business cycles, to estimate the next 5 years, you need the above research on the last five/ten years (not as intensive for historical years as the last 3). Rough estimate is the estimate another retail investor would create, don’t try to be precise like the Wall Street - precision will get you killed. + +After that you run a DCF or if you are really good at DCF, then intuitively assign a multiple to that estimate. Multiple assignment without an understanding of what it implies as per the time value of money, is like trying to ride a unicycle while mountain biking. + +This is called a bottom up analysis where industry is researched once the company has been thoroughly researched and macro high-level add to the value-to-price equation. + +All of the above can be obtained for free. I have access to professional platforms yet the free research is all you need. These platform just give it structure for quick analysis . Spending $24k on Bloomberg will not allow you to make better decisions unless you have the process down. If you have the process down, you don’t need professional terminals. + +Risk # reward; time spent understanding = reward in value investing. + +It’s simple, easy it is not. + +And yes, that company that you think is cheap is indeed cheap - whether you will make money is anyones guess. Form your own opinion and stick with it. +I am very new to this so go easy on me + + +Verizon has a p/e of 12.36 and a Yield of 4.44 + +It is growing steadily and without a doubt has less debt than AT&T its dividend is also much more sustainable. So why does Verizon not have such a cult following like T and is it a good stock? +I'm 18 and planning on going into the economics field, I start university this September. With the current pandemic and a global recession becoming more likely what are some careers in economics I can go into that can hopefully protect me financially during any future downturns? +I've heard a few arguments here and can't tell which ones hold the most water. + +1. That student loans becoming non-dischargeable meant banks were free to loan ever greater amounts of money -> This "easy money" meant universities were free to charge ever more money -> leading to our current situation. + +2. That cuts to federal/state funding for higher education is the root cause of the issue of high tuition, not easy money. +"It is said that if you **know your enemies** and **know yourself**, you will not be imperilled in a hundred battles;" -Sun Tzu + +There are several areas where the MOASS could be hindered. **Saying the MOASS will be one straight line up is FUD because people will paperhand the moment it goes down.** However, these things may or may not happen, so **if you day trade, there is a very large chance you get left behind**. Remember we're up against a lot of big players, even if other players like Blackrock are on our side. Here are just two main areas where they may be a dip. + +# Delay on Margin Call + +First of all, unlike what some people think, margin calls are not instant ([finra](https://www.finra.org/investors/learn-to-invest/advanced-investing/understanding-margin-accounts)). **~~You have two to five days to pass a margin call~~** ~~before they start liquidating assets.~~ Smaller hedge funds will fail the margin call and get liquidated first. This may start the rocket. If the rocket starts before the margin call is finished for Citadel, Citadel still has some time before they get liquidated. ~~Two to five days is for the average investor. Who knows how long Citadel, a market maker, could extend that period of time?~~ + +Update: The NSC 801 only gives Citadel one hour to fulfil liquidity requirements. However, once liquidated, the NSCC has to close their positions within the settlement date. Which is typically T+2. (Thanks for the source, /u/Ginger_libra) + +&#x200B; + +[\\" We were losing hundreds of millions of dollars a week, if not more . . . And each day we bought one more day\\"](https://preview.redd.it/h8a8p7uvsw071.jpg?width=478&format=pjpg&auto=webp&s=6953e7790a237bfc321125e03eda8d5a57aeec55) + +We all know Ken's philosophy of [one more day](https://www.chicagotribune.com/business/ct-xpm-2013-05-22-ct-biz-0522-confidential-griffin-20130522-story.html). He will not give up, ever. He would rather the whole economy tank before he does. The squeeze will only happen after he has done everything to suppress it and fail. However, once he inevitably fails, we're not out of the woods yet, because now we're threatening a new player, the DTCC. + +# The DTCC Taking over + +Remember, **THE DTCC DOES NOT WANT THE PRICE TO HIT 10 MILLION**. The DTCC doesn't want to pay out of pocket at all, that's why there are so many new rules. They're hoping the squeeze stops at \~5k, or even lower because higher prices mean the DTCC has to pay out of pocket. At higher prices, the DTCC has to liquidate its members. Banks will lose massive amounts of money and assets and the US will undergo turmoil. **All of these new rules, such as auctioning off assets, won't matter at 10 million.** At 10 million per share, the DTCC will be forced to liquidate banks like Credit Suisse and JPMorgan, causing a huge chain reaction across the market. Do you think the big banks are going to sit quietly while they get liquidated? + +**What if other market makers are forced to Naked Short Gamestop to survive because if GME goes too high, the DTCC will be forced to liquidate them?** + +# DTC-005, a rule too good for this world + +You've probably heard of DTC-005 by now, if you haven't, the simple version is that it stops the naked shorting of stocks, at least, you can't delay them with options anymore. While you can still naked short for liquidity, you can't delay them for longer than a week. This means the naked shorting of GME will never happen again. However, this rule was completely taken down, and no timelines are given when they'll be back up. **Without this rule, GME can be naked shorted by any market maker.** + +**Isn't it a bit weird that this rule is the only one to have been completely removed?** + +Both [J.P. Morgan](https://www.jpmorgan.com/solutions/cib/markets/execute/fxtrading) and [Credit Suisse](https://www.google.com/search?q=Credit+suisse+market+maker&rlz=1C1CHBF_enCA905CA905&oq=Credit+suisse+market+maker&aqs=chrome..69i57.4247j1j4&sourceid=chrome&ie=UTF-8) have market-making capabilities (There are more in the DTCC). This means they can naked short stocks just like Citadel. However, they don't appear to have shorted Gamestop. They WILL NOT get margin called with Citadel. + +However, as DTCC members, they'll be forced to pay up assets to buy GME and close naked short positions. If GME goes too high, to the point where they'll have to sell everything. . . They may be forced to try and halt the squeeze or end it prematurely to avoid liquidation. If they mass naked short a stock, and **you can short a stock during a squeeze**, as there have been historical precedents for it, the price will dip. . . temporarily. + +Obviously, nothing can be done long term. Eventually, the squeeze will continue, and it will continue much higher than before, as all the shorts will just be fuel for the rocket. In fact, naked shorting Gamestop is not only reckless but extremely bad for the global economy. But. . . + +[Do you think wall street cares about the global economy or the average citizen?](https://preview.redd.it/vcbunx3zrw071.jpg?width=520&format=pjpg&auto=webp&s=f0d411ce38261963aaf229ee6f9a616c28fb5ac3) + +**The only way this squeeze will stop is if a short attack causes apes to paperhand.** + +**DO NOT BELIEVE THE IDEA THAT THE SQUEEZE WILL BE STRAIGHT UP** + +The banks aren't going to sit by quietly while all of their assets are being liquidated. They'll fight back tooth and nail, just like Citadel did. If you want to change the world, be prepared for a world-changing fight. **Even if the DTC-005 gets approved before the squeeze, the market makers can still naked short stocks for a few days for "liquidity".** + +Update: DTC-005 to be approved "soon" with no dates given. That seems extremely suspicious to me. It's been months since the rule was taken down, and even now there are no dates given. + +You may see the money dip from 500k to 200k, you may feel like the squeeze is over after it falls 3 days in a row, but in reality, that could just be more market manipulation. + +So what do we do? The same thing we've always done. + +**HODL through all dips. We own the float. Trust the DD. Trust the community. 10 million or nothing, lambos or food stamps.** + +Not financial advice. Exit your positions when you feel comfortable. I personally only feel comfortable exiting when I see real change when these scammers are put behind bars and corrupt politicians step down. + +# Is my money safe in X and X bank? + +What I believe happens is that your assets are safe because those assets are not equal to the bank's assets. However, you may have a bit of trouble accessing them if the banks go bankrupt, and it takes a little bit to swap the relevant information to another bank. I personally believe the US gov will bail the banks out again, but just in case, I suggest having GME in multiple brokerages. + +Edit 1: "Reposting" with a bunch more information + +Edit 2: Wow, that's a lot of comments. I'll try to answer every question in the comments, but might take me a bit tho. + +Edit 3: Wow, my first time getting platinum. Thanks for that kind stranger! I didn't even know there was an exclusive club for those people. Not that I do anything but spend time on Superstonk and write DD, mind you. + +Edit 4: I have since lost my flair because I was trying to make sure everyone in my comments voted. Whoops. One more small sacrifice to the cause. + +Edit 5: NSC-801 Changes Margin rules + +Edit 6: Two Platinum Awards? holy shit guys. I'm honoured. Now I can ~~blow it all on DFV's post~~ responsibly award good new posts to make sure it gets to the top. +BA in a fight for survival, no airlines in the market for a Boeing's huge stockpile of planes, Lufthansa already applied for state aid. + +Don't be fooled by this dead cat bounce, significant recession oncoming. + +The cash I have is remaining just that for the foreseeable. + +Stocks trading at just 10 times earnings in Singapore, we're not there yet but that's probably where we're heading. + +Those patient with cash reserves hold the cards. +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! + +Hang onto your helmets and buckle up! + +[When you wish upon a star - a complete guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +GameStop's Q4 2021 Earnings call is scheduled for one hour past market close (5 P.M. EST). + +===== ===== ===== ===== + +You can tune into the call here: + +GameStop official channel: [https://www.youtube.com/watch?v=ZRzzu-Mmgio](https://www.youtube.com/watch?v=ZRzzu-Mmgio) + +[^(https://viavid.webcasts.com/starthere.jsp?ei=1536075&tp\_key=6f4dc40cad)](https://viavid.webcasts.com/starthere.jsp?ei=1536075&tp_key=6f4dc40cad) + +===== ===== ===== ===== + +Company Report on Fourth Quarter and Fiscal Year 2021 Results here: + +[^(https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results)](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results) + +===== ===== ===== ===== + +[10-K Form here.](https://investor.gamestop.com/sec-filings/sec-filing/10-k/0001326380-22-000021) + +===== ===== ===== ===== + +# NFT Marketplace to be launched by the end of Q2 2022! + +https://preview.redd.it/5k8gqhmaf0o81.png?width=847&format=png&auto=webp&s=f15d20cf08bd2ac48d4cc4a39c30920f57f4d299 + +&#x200B; + +*^(This post will be updated as Company Filings are released.)* +TL;DR: We're all outliers for working towards FIRE, stop gatekeeping FIRE because of another person's salary/life not being realistic/relevant/representative for the general population. + +> "First they came for the techbros, and I did not speak out because I was not a techbro..." + +All joking aside, we all know that there's been a lot of push back against the common techbro path to FI and milestone posts where people don't have college loans. + +But it's to the point where this is the top comment on a post right now: + +[“My story is common and pretty straightforward” Has half a million dollars at 27. Lmao this sub is such a joke]( +https://imgur.com/a/rFhxlct) in response to ["TLDR; Didn't pay for college. Good income for 4 years with <20k a year spend due to job perks and LCOL. Early investing and the recent bull market means I've pretty much doubled every dollar I've saved already."](https://old.reddit.com/r/financialindependence/comments/ovmbfo/494k_at_27_and_slowing_down_on_fi/) + +And where people have to put trigger warnings on their threads like ["Disclaimer/Warning – I made my money in the tech industry with a higher than average wage. I know this is not fair and this triggers some people, please move on if you are not interested in on progress of a high wage-earner executing FIRE."](https://old.reddit.com/r/financialindependence/comments/oq5zs3/one_year_later_check_in_graph_m_39_net_worth_26m/) + +A lot of criticism I've seen over the years is that these stories aren't realistic/relevant for the general population, incomes are unachievable/multiples higher than average incomes, that OPs had their college paid for... + +**But retiring early itself is not something the average person does in the first place.** FIRE isn't realistic/relevant for the average person. The average retirement date in the US is around 65 years old. A lot of users here are outliers just by our goals. So why criticize the validity of user's content due to their salary? Why gatekeep FIRE to only below X salary and X careers? + +Other people's successes don't diminish your own; the world isn't a zero sum game, their salary doesn't detract from yours. We're all just waging and saving for our own FIREs. + +Even /r/leanfire agrees: +["You can have any salary and work towards leanfire."](https://old.reddit.com/r/leanfire/comments/ov1p2o/why_are_all_these_new_posts_from_people_making/h76b6rw/) + +If you don't think a post is relevant or interesting, just ignore it. No need to post a comment to diminish another person's journey, even if you don't think it's an achievement. + +Disclaimer: I make $72k as a civil engineer. My FIRE journey is boring AF and will take a long ass time. I like reading other people's journeys as long as their charts are nice. +This is clearly a big question, but how do you improve neighborhoods without gentrifying them? + +By gentrify I don’t necessarily mean in the technical sense of the word (changing to meet middle class preferences), but more so forcing poor ppl out and changing the character of the neighborhood. + +If property taxes rise as values increase, then is there really a way to improve a neighborhood that doesn’t increase the cost of living (monthly taxes), and eventually forces ppl to sell? + +Does improvement generally cause more demand, which causes price to increase? In other words, is this issue inherent to market dynamics? + +Improvement can also mean lower crime, neighborhood activities, cleaning public spaces, etc, its doesn’t need to be just property improvements. + +I’m trying to sort this out right now, any other thoughts are much appreciated! +Econ major here with a bit of free time this summer. I was wondering if there are any certifications or something that I should consider pursuing to make me more qualified or at least that I could list on my resume. I was thinking something to do with excel or data analysis but am open to other suggestions. +European here, noticing increasing news talking about an incoming recession, and I\`m wondering, should I buy stuff now, or keep my savings ? + +Basically I\`m afraid my cash savings will lose their value, and wonder if I should buy stuff now, before the money loses it\`s value, so that I least I will be able to enjoy the stuff, or if I should hold onto the money. + +This fear comes from the fact that my grandparents lost all their savings during the \`89 romanian revolution, although I believe that to be a different thing. + +One day they could easily afford a house, the next day they couldn\`t afford a car, if that were to happen to me I would probably throw myself off of a bridge. +Im broke. Exhausted. Cant wait to get paid tomorrow so I can just throw it all at bills that won't stop. Paycheck is spent before it even comes. Fuck I'm so tired of this. +With BTC going above $50K recently, I think we're about to get into another altcoin craze. This is the time when you see people making Insane profits on alts. + +There's a good tendency that most alts will pump during a bull run but there's always this one legit coin out there that doesn't get enough attention as much as it deserves. + +The essence of this post would be to bring light and attention to those Cryptos we think are undervalued and deserves to be getting much more attention than it does currently, not an attempt to pump your bags but rather creating awareness and I'll go first. + +**SYLO** + +Now I think SYLO is easily the most underrated low cap Crypto I've seen. You might wonder why if you've never heard of it before or know what it's all about. + +Sylo is an ecosystem made up of digital consumer wallet software, applications, infrastructure & developer tools to usher in a world of Smart Money. Sylo is a smart wallet application with multiple features like messaging, Crypto support, DeFi features, NFT support as well as payment options. + +You can think of the Sylo app as your regular messenger app which has metamask integrated into it which allows you to chat, call and store your assets easily on the same app. It allows you to chat in a decentralized manner while being sure that your data and private information are safe and not being sold. + +The surprising part is that SYLO has a very small market cap of $17million(at the time of writing this) and it's Listed on Kucoin, Gates, Bittrex and uniswap. + +I think anyone would agree with me that a coin with this kind of product and fundamentals should be valued higher than this. + +Now shoot me those undervalued altcoins no one is talking about. Let's go. +We have all heard it! -- “Time in the market beats timing the market” + +At the same time, we are all to some extent guilty of trying to time the market. The market always seems to break some new all-time high records, so we wait for the inevitable crash/pullback to invest. It’s high time we put both strategies to test. Basically, what I wanted to analyze was + +**Whether waiting for a crash to invest is a better investment strategy than staying invested?** + +**Analysis** + +For this, let’s take someone who started investing approximately 3 decades back (1993 to be exact). I created multiple investment scenarios as follows to understand the difference in returns if you + +a. Invested at the exact right time when markets were lowest that particular year + +b. Was extremely unlucky and just invested at the peak every year + +c. Did not care about timing the market and invested at a random date every year + +d. Just hoarded his cash and waited for a market crash to invest \[1\]   + +For analysis simplicity, let’s assume that you were on a conservative side, never picked individual stocks, and always made your investments to S&P500 \[2\]. For investment amount, consider that you started with investing $10K in 1993 and increased your investments by 5% for every subsequent year. So, you made a total investment of $623K over the last 29 years.   + +**Results** + +**Investment Returns SP500(1993-2021)** + +|**Scenario**|**Return**| +|:-|:-| +|Invested only during a market crash|391.9%| +|Invested when markets were lowest every year|371.2%| +|Invested every month an equal amount|312.9%| +|Invested at a random date every year|303.2%| +|Invested when markets were highest every year|263.1%| + +The analysis did throw up some interesting results. There’s a lot to unpack here and let’s break it down by each segment. + +The most important insight is that **it’s virtually impossible to lose money over the long term in the market \[3\]**. Even if you were the unluckiest person and invested exactly at the very top each year, you will still end up having a 263% return on your invested amount. + +At the opposite end of the spectrum, if you were somehow the luckiest person and invested only at the lowest point every year, you would have made a cool 100% more than someone who invested only at the top. Given both the hypothetical scenarios are extreme cases, let’s consider some more realistic scenarios.       + +If you did not care about timing the market and invested a fixed amount each month/year, you would still make a shade over 300% on your investments. + +Out of all the above scenarios, you would have made the most amount of money (a whopping 391% return) if you invested only during major crashes. In this type of investing, you would not invest in the stock market and keeps accumulating your cash position waiting for a crash. + +While this seems like a good idea, in theory, it’s extremely difficult to execute properly in real life. The main limitations to investing during a crash strategy are + +a. The current returns are calculated by investing at the very bottom of the crashes. It’s very difficult to identify the bottom of the crash while a crash is happening. You can end up investing midway through the crash and given that you are investing a significant chunk of capital you saved up, it can end up wiping out your portfolio. + +b. [Identifying a crash itself is very hard](https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/is-a-market-correction-coming/) + +As we can see from the above chart, the years that we consider were great for the market in hindsight still had significant drops within the same year. So even when the market is down 10%, it becomes extremely difficult to know whether it’s going into a deeper crash or whether it’s going to bounce back up. + +**Conclusion** + +While the analysis did prove that waiting for the crash is theoretically the best strategy returns-wise, practically it’s very difficult to execute it. + +For e.g., even if you predicted the 2020 Coronavirus crash correctly, where would be your entry point? The market was down 15% by Mar 6th, another 10% by Mar 13th, and then another 10% by March 20th for a total of 35%. If you did not get in at the absolute bottom, you would have lost a considerable sum of your investment without actually getting any benefits from the previous run-up.    + +It is extremely enticing to be the guy who called the crash correctly and even if you are right, only getting in at the absolute bottom would only give you the best returns. Adding to this, in the last 20 years, 70% of the best days in the market happened within 14 days of the worst ones \[4\]. If you miss just any of those days waiting for an entry point, your returns would be substantially lower than someone who just stayed invested. + +If you think you are in the select few who have the skills to identify a crash and the temperament to see the crash through to invest at the very bottom, you will make an absolute killing in the market! For the rest of us, continuous investment regardless of the market trends seems to be the better choice. + +*Data used in the analysis:* [*here*](https://docs.google.com/spreadsheets/d/1LT3qazGZXHT3qnnBS7oWAZU8n8DH1gv-JsCixN2mdPM/edit?usp=sharing) + +**Footnotes** + +\[1\] I have considered the [following crashes](https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets) for the analysis: Dotcom crash (2000), Sep 11 (2001), market downturn 2002, Housing market crash (2008), 2011 stock market fall, 2015–16 stock market selloff, 2018 crypto crash, Corona Virus crash (2020) + +\[2\] The data for the adjusted close for S&P 500 from 1993 to 2021 was obtained from [Yahoo Finance API](https://rapidapi.com/blog/how-to-use-the-yahoo-finance-api/). The main reason for only going back till 1993 is that Yahoo Finance had only data till 1993. + +\[3\] There was an interesting [study done by Blackrock](https://preview.redd.it/l7io9d67g5771.png?width=624&format=png&auto=webp&s=c59747d33453e4ee704958d0d4894a386924634b) that proved the same + + \[4\] 70% of the best days in the market happened within 14 days of the worst ones [(Source: JP Morgan)](https://preview.redd.it/y9y9tvc8g5771.png?width=507&format=png&auto=webp&s=1b5fa0d18a5d4a366196cba60f59025968488ce4) +Just hit £30k across: +LISA (46%) +Monzo Pot (29%) +Shares (20%) +BTC (5%) + +and it feels amazing. + +I've never really been good with my money, didn't grow up with it, thrown out at 17, but have managed to build a grad job into a decent paying career and I can't quite believe it. + +Im on more than I've ever been on with more in my pocket but it still doesn't feel like I've got money to spend. + +Next year I know it will all be gone to house buying and wedding expenses, and then straight back to building the savings pots :) + +Shout out to Excell, the real MVP of my money management. + +Edit: + +Thanks for all of the kind words! I'm pretty chuffed :) + +For those asking, I work in "IT" doing infrastructure design. Started on £18k+ 2k London weighting 6 years ago and stepped up to £50k+ 2k bonus this month through pay rises and promotions. + +Keping the chunk of money in Monzo as I dip into month to month if I have a larger one than scheduled, or for hidden costs. I know it should be making me money but it'll be spent come July so not too large of a return. +I mean, seriously the dude started out in the seats of a high frequency trader and saw that it wasn’t right. At first, he tried to fix it internally from a high frequency firm and was laughed out. + +Undeterred, Dave then turned to pushing the government to see the injustice and prosecute for the truth. But, the snail-like reaction of government action is unable to adequately take the problem on. + +Still undeterred, he is literally starting a company to fight the good fight on the front line. + +I mean, what a chad + +Here's to it, + +https://i.redd.it/fw2n0s6hv0d71.gif +Anyone have experience with this? + +I opened up my TFSA around a year ago and was making a substantial amount of trades....but not money. +I’ve been looking for a quantifiable number of trades allowed in a TFSA before potentially triggering what I have heard is a taxable consequence for a lack of a better term. +This sounds like a giant “grey zone” where the Government only cares if you make a shit tonne of money and then they would come after you. +I sold some **BBBY Sep 09 '22 $8.50 Puts** for **0.7** on 8/31 when BBBY price was around 9.3$. So, it was roughly 10 DTE with some good premium. The price of option went up to **1.75** during this week which made me a little bit scared. Today the BBBY stock price climbed above 8.5 and puts expired worthless. + +&#x200B; + +https://preview.redd.it/vrpu3s4adxm91.jpg?width=1852&format=pjpg&auto=webp&s=4425fb080dcb7009846f6c4c10a3e55d91d87c41 + +Total earnings in 10 days - 8.23% of secured cash for shares equivalent, which I think is great! This gives about 300% APY if one continues selling those puts every week. Now it feels like an unlimited money glitch :) Or maybe it was indeed a risky play? What do you guys think? + +Should I be more conservative and sell far OTM puts/calls for like 5$ strike price when stock price is around 8$ to limit the chances to be called? +Sup Apes + +Not financial advice. Seriously. Do NOT listen to me, I am most definitely not a financial advisor. Just an ape who want 🍌 + +**Bump this shit now. not a request:** [**https://www.youtube.com/watch?v=X2LTL8KgKv8**](https://www.youtube.com/watch?v=X2LTL8KgKv8) + +This is gonna be a pretty short post, just giving a brief overview of what I expect/would like to see tomorrow. + +Please remember this is a PREDICTION and in no way a guarantee, I take crayons from restaurants and draw on my computer screen. + +I know y'all are JACKED after today, and so am I. I'm so jacked that I'm getting high and drunk as we speak (mothafuckin cheers you glorious degenerate bastards, porsche or food stamps ) + +&#x200B; + +[CHEEERS](https://preview.redd.it/zce14troow671.png?width=1068&format=png&auto=webp&s=532917c08d25cce427f678f4edbf1971bc16916c) + +Okay so everyone knows the ATM offering is complete. AND everyone knows what happened last time it was complete. Yesterday we finally touched the .618 level that I outlined in this post (see final edit) [https://www.reddit.com/r/Superstonk/comments/nwyj77/elliot\_waves\_and\_gme\_why\_im\_jacked\_to\_infinity/](https://www.reddit.com/r/Superstonk/comments/nwyj77/elliot_waves_and_gme_why_im_jacked_to_infinity/) + +"holy fuck, just another reason why you shouldn't listen to me, im so retarded (I was probably high in all honesty) when I wrote this and i looked at my fibs as 213 being the 61.8 level to watch... but i am retarded... the proper level is 201... so keep a strong eye on that for a bounce: [https://imgur.com/dmywYOA](https://imgur.com/dmywYOA) (okay now im acc leaving, the TA wasn't sitting right with me so i took a closer look, and voila... user error smh. Sorry for confusion, I'm just an ape (look CLOSELY at how the retracemnt is drawn, from the low on 3/24 to the high on 6/8... these are the PROPER ratios to reference, Irdk how I missed that yesterday" + +So we hit that yesterday and bounced at 197. The levels don't need to be hit perfectly by any means, but when the level IS hit, we have greater confirmation that the move is complete. Remember wave 2 typically targets at least 50% retracement of 1, though often times it hits the .618 level, or the .786 level. + +What's important is the LOW IS IN MOTHAFUCKAS (so it seems, i'd love more cheapies), AND we had a seemingly definitive wave 1 on a smaller scale complete. Identifying a wave 1 is often times the hardest part of EW, but the trick is to look for the end of a downtrend. It is imperative that the wave 2 does not cross below the low of wave 1, or the move is invalidated. + +Here's a view of what I see: + +[4hr](https://preview.redd.it/zhkj5o01qw671.png?width=2830&format=png&auto=webp&s=27f75c344d208b35483ab071a5d17bde5e61d1b0) + +My brain is playing tricks on me as I'm writing this, there are a few possible counts when looking intraday but I'm just gonna lay out the one that makes the most sense to me: + +&#x200B; + +[30m](https://preview.redd.it/rxzx4kc4sw671.png?width=2790&format=png&auto=webp&s=ca0fd31c5cd05f794ad36a9099dc0954864df1ac) + +So my thinking in this analysis is that the move after the morning dip to a high of 225.8 as a 1 and not the pre market move on news of the ATM offering being complete. The ALT count would be the move in pre market is the (i), but this doesn't really change much, just alters targets by a few points. + +So assuming the move to 225.8 was a (i), remember were looking for at least a 50% correction of said move as validation of a (ii). Low and behold, price crossed below the 50% level (white line), so the move is valid thus far. + +Do note, the .618 level was not hit, so I'm not ruling that possibility out just yet. Assuming our low of the day at 209.3 was our (ii), that puts the next (smaller timeframe) upside targets at 238.18 (1:1 extension of (i) ), remember (iii) can't be the shortest. thus, a minimum extension of 1:1 of (i) is expected, though typically 1.618:1. + +The 1.618 level comes out to 256, which ironically is the exact same as the 38.2% retracement level of our cycle wave 1 (run from 113 to 344). This is why I'm more inclined to go with this wave count. Fib is nature, when targets overlap I'm more convinced my count is correct. + +The drop to 197 yesterday does not change the overarching 3 within a 3 within a 3 setup at all, all it does is lowers original cycle 3 targets by the respective difference of the previous extension drawings (so like $9 or so). This put minimum CYCLE 3 target at 423 (This overlaps the bigger wave 3 initial target, see below and look at the 100% level, yellow) + +&#x200B; + +[target \(say it like tarzyay\)](https://preview.redd.it/jteqhb9ouw671.png?width=2824&format=png&auto=webp&s=4860b784c2e9608d8cee3c23b996fa5d4fd7d587) + +okay maybe i shouldn't have gotten drunk for this i'm really losing my train of thought lol, bear with me almost done + +in short, the move thus far is valid unless we break below 197, which idk about you, but I don't see that happening any time soon, if ever. Within this current wave subset, the highest we should go (assuming we dont see a hyperextension to 1160, personally I think moves of that scale will come a bit later, but I could be very wrong) is around 565 before a bit of retracement action. + +However, if you saw my recent post going over the (seemingly) correlation between eyyyy emm see, when that ticker did its thang, it actually hit the 1.618 level of its JANUARY run up. using that same philosophy with GME, that puts GME at... + +get ready for it... + +are you ready...? + +no you're not. + +>!862.16!< + +&#x200B; + +We shall see. + +I don't really care about the intraday action. Just look for higher highs/lows relative to 197 and were looking good. + +Will re evaluate when I must, but it's reallllly hard not to be jacked. + +Before I sign off, here's the 1.618 target of the january move... enjoy: + +[GME ](https://preview.redd.it/uzfrfragww671.png?width=2824&format=png&auto=webp&s=e48ad6f5acdb725dfd8e1e9272c99372155d7805) + +Will show you eyy emm see too just so you can see this shit really did happen, and I have reason to believe it will replicate on GME: + +&#x200B; + +[movie stonk](https://preview.redd.it/i3nu7mokww671.png?width=2802&format=png&auto=webp&s=018a2d4522b4d0c6938d7cb53a650cb91568dad5) + +TLDR: I CAN FEEL IT COMING 🚀also not saying 862 happens tomorrow lol, soon enough 😈 + +edit: interestingly enough, if we use fib time extensions, .5 level comes to 6/28 (drawing from GME's lowest low ever to the high of january. this doesn't really mean anything but It's interesting how it all ties into outside factors going on... this doesn't mean we squeeze 6/28 lol. Just something interesting) + +edit 2: probably nothing but noticed a tiny $.50 gap around the 200 level, worth noting. Its minuscule and doesn't show up on a daily chart, only hourly but you have to squint to see it. This is normal in stocks + +Edit: I’m going insane so I dug deeper . I’ll probably make a new dd tonight or tomorrow morning 🥴 +Hello I’m currently mowing lawns and doing seed eating and I blow off driveways with a leaf blower after the job is done.... I charge 15$ for a front yard and 24.99$ for front and back. I’ve gotten a repeat customer that requests a weekly front yard mow every week and have gotten some single time requests from other people and I’ve gotten 140$ all together in total. Financial experts of reddit please tell me what I should do with my money. Savings? Investments? Tell me. + +Edit: this post really blew up I really appreciate all of your all’s insight into the business and I’m going to be making some better decisions +And whoever awarded the rocket, ThAnKs FoR tHe GoLd kInD sTrAnGeR. :) + +Edit 2: holy shit you all blew 200 upvotes out of the fucking water. I’m genuinely happy about how supportive and genuine this community is thank you guys. + +Edit 3: not even an hour after edit 2 we got to 4000 upvotes what the hell happened +I've just started trading crypto mostly long positions of coins I know about them and bullish. It's been 2 weeks. I've made enough profit worth almost 6 month of salary (started with 5K now, after closing today's position, account is nearly 60K). My first liquidation happened with small amount but enough to understand deeper the risks of over leverage etc. Doing 10x and max 20x when really bullish. + +I feel a new door has opened. Don't get me wrong, I've been studying long time before I decided to give it a go but still a lot to learn. + +It's been 2 weeks and I feel my life is shifting towards a new chapter. I enjoy this more than my work. I feel that if I manage to settle, I would be free, work from anywhere, provide for my family. + +Do you think I'm just being lucky? Or is it with common sense, understanding technicals and market is just good to have descent profits? + +Would you advise me to do something else, I don't know I guess I'm confused. +------------------------ + +EDIT: for the sake of making it easier to get you guys to help me, I thought to share what is the process I follow. This is what I do: + +- I don't chase Green candles. +- I understand we are bull Market until is not. +- I watch the coins (mostly BNB, ETH and sometimes BTC). +- I determine that I am most bullish on BNB hence most of my profit is from there. +- I enter long position when a support level has been tested twice and I know coin is def going up (this is subjective). I just know it has to go up. +- I put take profit as I ride up the long, normally 25% at each resistance. Sometimes they are all eaten up sometimes they are not. If one of them gets executed, I put a new buy on the previous step. +- when support is clearly tested and identified I put stop loss a little bit below the mark to allow some extra room for volatiliness. +- I struggled before closing a position too early and then trying to jump back in because of FOMO. So I now stick to the plan and after orders get filled, I close the app for a couple of hours to reset myself. + +Bad things I know I've been doing: + +- don't use SL because being afraid of market eating my SL and then going back up. +- I don't short. I guess is because I'm bullish but it shouldnt have anything to do. I just feel weird. Tried once and price skyrocketed. Anyway maybe later. +- I have borrow against my btc to raise more usdt and inject into margin to reduce liq price. This is true when is late at night and I won't be closing the position because is not green but I don't want to wake up being liquidated and I don't want a stop loss to take me out as it has happened before. This, in my opinion, is the worst I've been doing. This is where I feel I've been lucky as I could have lost it all should the market do a super 70% dip which we all know is possible. + +EDIT 2: + +Thanks to those who have commented being objective about it. + +I would like to know if there is a source you would recommend to study more about trading in crypto? Course or something? All I know is me reading up about the technicals I find easier to work with and crypto behaves different of course. + +EDIT 3: + +I have concluded I've been just lucky. I exposed myself into too much risk. I have borrowed against btc at times to inject margin to positions that were close to be liquidated. If liquidation had happened I wouldn't be writing here. I would go to sleep and wake up in the morning back to green with enough profit to pay everything off and get profits compounded into the next position. + +I will be taking 2 steps back. I have removed 20K and reinvested somewhere else for long term. + +I will make positions not more than 10K in total and use the 30K to protect against liquidation. + +For those who wonder what is what I am doing: For instance my current open position is + +BTCUSD Perpetual Future 20x for 2 BTC, Entry Price 53150 with 8K margin. +Currently PNL of 7K. + +I will update you once I get rekt or otherwise. Thank you all for your comments. +I just had an interesting chat with my brother-in-law who is new to investing. And thought I'd post on here since I think a lot of new investors might run into this mistake. He was basing all his predictions and purchases off the 1-year charts. + +For most stocks/ETFs, the 1-year charts are no longer showing the COVID dip. Sure it's possible these increases may continue but it is equally important to look at pre-COVID performance and the full gambit of information. + +I'm in no way saying how a company recovered from the dip isn't important and you should certainly look at the one-year chart but zoom out a bit and look at the larger picture. + +Long story short just because a stock/etf gained 50% in the last year doesn't mean it is a good stock. Wish it was that simple :) + +EIT-UN is a good example and he's gone more than 50% into it. It does have great dividends but he's expecting a 50% gain but was freaking out about its dip this month. + +&#x200B; + +Edit: I'm trying to talk him into just going with VEQT and forget about it. +*Sorry for the wall of text. TL:DR at the bottom, but I think it's worthwhile to read the whole thing if you have time.* + +The demographics of this sub skew in three particular ways: high income, male, and young. This should be no surprise to anyone here, and it is likely the direction Reddit as a whole skews as well. + +Nevertheless, the [/r/FI survey](https://fisurvey.herokuapp.com/) shows that average income is somewhere in the low 100k range, 3/4ths of the sub is male, and ~60% of the sub is under 30. The first gets talked about here fairly often. The second, while maybe interesting on some level, doesn’t really have much of an impact on a whole lot of FI strategy or advise. The last one though concerns me, as it seems to be rarely discussed and it has a big impact on many FI/RE issues. + +**1. How we view time:** + +We all have a discount factor. The younger you are, the farther away certain ages look to you, and the more you discount your own well being in those years. There was a popular thread the other day where the top comment (at least when I checked it) was someone expressing surprise that 50 was considered early retirement. That’s shaving **a third** off your career, and it’s not a trivial achievement at all. The ERE/MMM, super short timeline approach is very popular around here, but it’s not the only way to reach FI/RE. + +Sometimes it feels like this sub considers any FI date past your mid 30’s as a failure, and it shouldn’t be that way. I’m not saying any one person thinks that way. But take 240k individual opinions that don’t explicitly think that, filter them through a voting algorithm that filters popular comments to the top, and skew the demographics consistently in one particular direction, and it can still become the prevailing viewpoint. + +**2. The amount of consideration we give to certain major life events:** + +**Edit:** *I've rewritten this section as part of it seemed to be distracting the conversation from the actual point I'm attempting to make here.* + +Many major life changes don’t get as much attention as they should due to the demographics of the sub. Preferences and priorities can, and often do, change over time in a way that many who are early in their journey don't fully appreciate yet. Additionally, while many life events are unpredictable or unforeseen, age and exposure to these events tends to impart a better understanding of their frequency and risks. A community that skews young will inherently under represent the risks these events pose to the success of a long term plan. + +These topics include, but are not limited to, marriage & weddings, divorce, care of an elderly family member, birth of a child, disability, changes to employment markets, and health care costs. All of those are *huge* expenses, that can drastically alter someone’s FI plan, that receive relatively little discussion on this sub. + +**3. Experience:** + +Consider this: If 60% of the sub is under 30, and we assume the large majority of those are college educated and didn’t enter the workforce until at least 22, then upwards of half of this sub may have never experienced a recession while they're in the market. Let that sink in a little bit because it’s a *big* deal. It’s going to have a huge impact on how people perceive market risk. And it’s something that probably ought to be on your mind anytime you’re taking investment advice in here (and likely anywhere else on Reddit for that matter). + +Another place that inexperience shows is in people’s timelines. An FI/RE timeline is a bit of a Catch-22 in this community when it comes to how much respect and attention certain people get afforded. Ideally, we all want to be FI/RE as soon as possible. So the people who are more dedicated to increasing their SR and accelerating their FI/RE date are, quite often, looked up to as something to aspire to by other members of the community. The problem is that the higher the savings rate, the shorter the FI/RE timeline, and therefore the *less* experience the person probably has in actually pursuing FI/RE. + +There’s a *big* difference between someone who’s 25% FI with a 75% SR and someone who’s 25% FI with a 30% SR. The former has been living that lifestyle for under 2 years. The latter has been doing it for over a decade. Which one would you bet on being able to see their plan through for another 50-60 years? + +I know some people may take this the wrong way, so **let me be 100% clear about what I’m not saying here.** + +I’m **not** saying that it’s a problem we have a lot of young members. That’s a *good* thing. Practically everyone who’s been doing this for a while will tell you one of their biggest regrets is not starting earlier, and it’s great to see so many younger people interested in FI/RE. + +I’m **not** saying it’s a bad thing to pursue a fast-FI/RE approach. It’s a 100% viable route to FI/RE. And even for those who can’t maintain that kind of lifestyle long term, you’re still giving yourself a huge, early injection into your savings that will pay huge dividends down the road. + +I’m **not** saying there’s anything wrong with being inexperienced or new to all of this, or not having all of your major life events planned and plotted out years ahead of time. This is the same journey we all go through, and we’re all learning and changing along the way. + +**So what am I trying to say?** + +I’m saying that things that aren’t at all problems on an individual level can become issues when they get aggregated up to a sort of hivemind/groupthink level as so often happens when subs hit a certain critical mass. + +When you’re reading this sub, be very careful to keep in mind the demographics of this sub and how it can skew discussions, topics, and advice being doled out. + +**TL:DR The demographics of this sub skew overwhelmingly towards people in their 20's. This has a lot of ramifications for the collective wisdom around here regarding many FI issues. People should be careful to keep this in mind during a lot of the discussions that take place around here.** + +*TLDR: Expect blackouts during the squeeze, nothing changes, just HOLD.* + +* **Edit 1**: Go give @RedChessQueen99 @rensole and @Warden_Elite a follow on twitter. Whilst I say not to put people on pedestals, as the mods of this subreddit I believe they'll at the least be able to point us in the right direction if the sub goes dark. Warden will be streaming over at [his Youtube channel](https://www.youtube.com/channel/UCZDDUjJl54h9UidiwVotM_g) during the MOASS too. As always, take it all in with a pinch of salt. +_______ + +* **Edit 2**: I am not saying the MOASS is coming this week, I'm saying that when it does, it'll be one of the most insane weeks of your life, as the squeeze will last that long at the very least. +_______ + +* **Edit 3**: Thank you /u/patamons for the kind words, a gentle reminder for ALL apes! + +> "*Please make sure that you are taking care of yourselves throughout all of this and if necessary, use this time to make the preparations to do so. This is going to be very emotionally intensive and you may become fatigued by how long this will last. +> Make sure you eat healthy, get enough sleep, and get some sunlight/Vitamin D and some exercise to calm your nerves if you are able. Write those things down. Schedule them out if you have to, just like you should write down your exit strategy. Right now, practice some deep breathing, meditation, and mindfulness if you think it will help. It’s important to do everything you can to make sure you’re prepared.* + +* **Edit 4**: A lot of you have been asking for a Discord link and I've now been given permission by WardenElite to post an invite to [his Discord](https://discord.gg/aC2pZeYM) - I'm aware there are others but from what I know the GME Discord was pretty much compromised alongside it's subreddit. Go join us in Warden's if you like! + +_______ + +I'm sure a lot of other apes here will agree with me when I say something's in the air this week. We don't set dates here, but I'd be very surprised if we didn't see some larger movement in the next few days (yes this can mean downward movement too, bring it on!). We most likely won't see the MOASS all too soon but in the off chance... I figured I'd write this post now while I can. The volume's dried up like crazy, "Hedgefunds are selling at an extreme level", Reddit's started going down. etc. etc. There's A LOT happening in such a short amount of time, those three are probably the three least important factors too, which is amazing. But, on that last note. Reddit did go down yesterday, which makes me want to write a quick post on how to prepare yourself for when this shit finally fucking booms. + +If Reddit going down scared you, then I'm afraid it's only going to be worse when the actual MOASS happens. I'm pretty confident that most of us by now have such heavy diamond balls, this is actually the main reason the rocket hasn't been able to take off. But when the day comes, shit will get nasty. + +If this site doesn't get attacked during the MOASS it's likely it will be so stressed from the amount of people FOMO'ing in that it'll crash anyway. Expect to be in the dark when this shit happens. It's almost certain we won't be able to communicate here and even if we can, it'll be within an absolute sea of shills. Expect pure psychological warfare, you won't know right from wrong anymore. + +Don't jump onto Youtube for advice when the MOASS kicks off either, we don't know that people like Bruce, AndrewMoMoney etc. aren't paid shills. I mean, the fact they love subscribers and donations so much is an obvious sign they could be bought out, right? Don't put anyone on pedestals at all, no matter how sweet you think they might be. Money can make people weird. + +Discord's might go down too, either way the shills will be out in full force. It's going feel like you're totally on your own, that's how the HF's will want you to feel. But you won't be. Millions of us across the planet will be holding with our diamond balls alongside you. This short squeeze is is going to last days on end so you do not need to worry about missing out if you hold shares. If it goes up to $1k and back down within 24 hours, it's not the MOASS - Mainstream media is going to try and convince you otherwise though. So expect a fake short squeeze, this will be the true test of your diamond hands. The largest spike will not be the first one. + +We've spent months and months reading some of the most beautiful DD ever, looking at pure shit tier memes, supporting each other and helping each other learn about the stock. Why? Because we fucking love the stock. Have we done all of this to sell a single share on the way up and for anything under $1k? Hell, $100k? Fuck no have we. We've been waiting for what feels like forever, the floor is in the millions now, but it's coming; we can all feel it. All you need to do is the same damn shit you've been doing since you bought your first share. Just HODL, it'll be hard when you see the stock rocketing into the hundreds of thousands but you can do it. + +I love each and every one of you smooth brain retards and I'm truly going to miss you all once this finally pops off. + +It's been an amazing journey, thank you. +______________ + +*If anyone has any more things to add, feel free to let me know in the comments and I'll add them here.* +36 y.o ... former 20 year old punk here. Spent my youth rejecting society and not caring too much about money. I don't really regret that, it was fun, but about 5 years ago I realized I was mortal and don't want to work until I'm dead. + +I currently have 15k in RRSP. 5k in TFSA (compounding GIC ... this is 4 months emergency expenses, not investment). I can put away about 5-6k a year for saving/investing. The wife and I had a 5 year plan started a couple years ago to ave 30k between the two of us for a downpayment on a house but not sure that's the way to go at this time or ever (not paying 500k mortgage on a 170k property). I might, instead, take that 15 k and go back to school (college) without a big debt. + +When it comes to investing, I understand the basics but any advice would be welcome, especially any books/learning resources that have helped you. + +Thank you +This is for day trading, although I'm sure you could use it for swing trading as well. I have always like to trade short term trades (looking to nab myself 20 to 30 pips usually on GPB/JPY) just in the direction of whatever the prevailing trend is using a combination of pivot points, 200 EMA, and MACD. **But I think this is SO much better.** + +The Super Trend indicator is similar to standard moving averages, but because it is based on ATR (Average True Range) it tends to send clearer signals and also provides you an IDEAL place to put your stop. + +Recently I came across a strategy that I thought was a good idea (here the page I found just searching around on Google, I don't have any affiliation with these folks whatsoever: [https://www.netpicks.com/supertrend-indicator/](https://www.netpicks.com/supertrend-indicator/) ) + +In a nutshell here is the strategy: + + + +* Short term indicator parameters of 10, 3 +* Longer-term indicator parameters of 30,9 +* Initial stop loss via ATR + +&#x200B; + +https://preview.redd.it/udws039z1ig51.png?width=800&format=png&auto=webp&s=a11181ae7fb2632154af781fdf9e7b2d21150beb + + + +1. Trade in the direction of the longer-term trend.  This example is an uptrend and traders will ignore all short trades (turns red) +2. Enter long [trades when the short term indicator](https://www.netpicks.com/build-custom-trading-indicators/) flips back to longs (turns green).  Entry can be at the next candle open, break of highs, enter at the close. +3. Initial stop loss is 2 X average true range.  We need to be able to position size properly and the ATR has always been my “go-to” stop-loss method. +4. Trail the stop loss on the short term Supertrend line once price advances + +The example above ran 90 pips before price breached the [trailing stop](https://www.netpicks.com/trailing-stop-loss/) line. + +**NOTE: I don't follow these rules exactly.** + +So I have the indicators setup the same and I am looking for a "flip" of red back to green in the direction of the longer-term trend, but I don't trail stops or anything like that. + +I just put my stop below the ATR (I don't do 2x the ATR) and I set an automatic take profit at 20 pips. + +I know I can get 20 pips easily, most of the time. Even if the price actually reverses on me. + +Because of that, I don't get greedy and I just lock-in 20 pips and move on with my day. + +Anyway, this has been working extremely well for me and I think the signals of when to take a trade are very clear using this method. **Most importantly -- it's keeping me out of DUMB trades, which is the entire point of having entry signals in the first place.** + +And the more dumb, low quality trades I stay out of, the better. So this has been helping with that. + +Maybe test it out on your own or back-test it or try a variation. + +I had never used this particular indicator before and now I prefer it to MAs (and I was also able to clean some junk off my charts in the process). +Posted a short time ago talking about balance between spending money now and investing for the future. I’m 26 and pretty financially well off nw around 450k. Tomorrow isn’t promised and yes it’s more sensible to invest every dollar and be frugal but then when is there time to live. So I said fuck it sold my current boat and bought a new 70k fishing boat. Who knows maybe it will be a huge regret in 15 years but couldn’t be more excited to camp and fish and spend time on the water with my missus. This will be a vastly unpopular move on this forum but I haven’t rewarded myself much over the last 5 years so who cares if I sell it in a year at 20k loss lesson learned. See you boaties on the water! And remember to reward yourself! (not as much as I have done) +&#x200B; + +https://preview.redd.it/nzghkpxaa7471.png?width=1600&format=png&auto=webp&s=7348286dfd1c249e7f1b8e51fc4f9079cc64aaac + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + + + +https://preview.redd.it/jrm3zdgca7471.png?width=680&format=png&auto=webp&s=a3c30c7c5ce8d4d8e9717d607dae452c83d62d9d + +# + +[SPARTAAAANS!](https://preview.redd.it/58yyntlpe7471.png?width=960&format=png&auto=webp&s=3d2ea206ff4032c5571e42402210c6dab427297a) + +# Reverse Repo + +https://preview.redd.it/yp0wzov0b7471.png?width=960&format=png&auto=webp&s=1c88d35ea2d5e96002e8b1a558bc783fa6fb4134 + +Just like clockwork, the reverse repo is going up once again, 497 Billion for 46 participants. + +Yeah they need cash for some reason, and the most logical one for me is the meme stocks (GME AMC BB NOK etc), because u/Rossaldihno found something yesterday which is a headscratcher at minimum. + +&#x200B; + +[BRK-A inversed of GME](https://preview.redd.it/fe3nrwmkb7471.png?width=3088&format=png&auto=webp&s=d969c328c820e9916ce2b5dacef4bf2947cab0ad) + +at the same time we've seen gme spike we have seen everything else go down, from the rest of the market they normally hedge with, to even crypto going down just before Green days. + +if it happens once or twice it can be a coincidence, when it keeps happening it's a pattern. + +&#x200B; + +# $clov + +So you've most likely seen the ticker $clov get spammed lately, but some smart apes found out Citadel LLC 13-F filing for 523,775 shares of $CLOV. and guess what sub is currently shilling this one hard. + +&#x200B; + +[u\/StarPlatinum82 ](https://preview.redd.it/grumfuy8c7471.png?width=1080&format=png&auto=webp&s=af8fc93b3d0e5b8c7ca28abb158aee98964669c4) + +# SEC webinar + +Thanks to u/chosedemarais we have a play by play of this meeting, just like the House of financial hearing, it was nothing more than a circle jerk and everyone saying we are doing the best with giving non answers. + +He has posted a thread about it [here](https://www.reddit.com/r/Superstonk/comments/nvahgb/reminder_sec_webinar_for_retail_investors_at_5pm/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[Mark the naked shorts as NSFW maybe these idiots will find it then](https://preview.redd.it/e05tgib8d7471.png?width=681&format=png&auto=webp&s=2337340a3c601065af4bddebd83c6b243c75699e) + + + +# The corruption of the SEC, over decades and till today + + Lucy Komisar has written a piece on how corrupt these guys have been since the beginning, be sure to check it out here: + +[https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/](https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/) + +&#x200B; + +https://preview.redd.it/krzx0subi7471.png?width=960&format=png&auto=webp&s=73b14ee5d8abccfd51beed1d89c6c99fd994854f + + + +# DTC-2021-009 is out. + +I've not yet had the chance to read it, but it's out and perhaps another smarter person could take a look at this ;) + +[https://www.dtcc.com/legal/sec-rule-filings.aspx?subsidiary=DTC&pgs=1](https://www.dtcc.com/legal/sec-rule-filings.aspx?subsidiary=DTC&pgs=1) + +&#x200B; + +https://preview.redd.it/szbvrfzqi7471.png?width=640&format=png&auto=webp&s=9863c16b57cbbe8db98ccabfd2637f7d5af3dbcc + +# From russel 2000 to 1000 + +Yesterday I linked to a thread going into some detail on the entire thing that is the change of the russel 2000 to 1000, that user has given an update on that so I thought I should link it for everyone to see ;) + +check the thread out [here](https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/84a8k7zci7471.png?width=960&format=png&auto=webp&s=f546bf54a3b069e48e601d3165ddd542107d086d + +# Satori: The One Week Security Update + +Our very own Optimus Primal (robo Harambe) has been active for over a week now so one of it's creators has written an update about the entire thing, there are some import bits of information in there regarding Satori so be sure to check [This thread](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/l1hvb1yxe7471.png?width=532&format=png&auto=webp&s=db3c61ca76955dc3e0dde6f1aab33bd3736f7288 + +# The annual shareholder meeting + +Ok let's get over a couple of basics here just to be sure. + +There is no media allowed to attend the meeting, from experience this tells me that they wont be able to get inside but they will still be outside trying to make every retail investor look like a fucking idiot. + +There will be paid shills outside making a mockery or trying to pull some bullshit, so lets agree on some guidelines if you're a real ape attending. + +1. Dress accordingly, this doesn't mean wear a suit but don't look like a basement dweller who never sees sunlight. +2. Be polite, be OVERLY nice, remember be excellent even outside the sub, they want to paint you as retards, don't give them the chance +3. Be sure to pick up your trash, don't dump shit and just let it sit there, clean up after yourselves. +4. If you guys gather do so peacefully +5. There will be people trying to cause a scene (remember the paid shills here?), distance yourselves from them, do not engage no matter what +6. Keep in the back of your mind that everyone will be watching, they've said horrible things about us, prove them wrong by being the most respectable, most Excellent shareholders ever. + +I have faith that even the most smooth brained apes here can do this without any trouble, make papa Cohen proud. + +But it will be more than just GME doing the streaming, we'll be joining in as well! + +Because we expect George Sherman to have the same monotone and deadpan delivery (I'm still expecting him to be booted after this), we're going to go over their Annual shareholder meeting live on the Superstonk youtube channel. + +&#x200B; + +https://preview.redd.it/ziur0g68h7471.png?width=886&format=png&auto=webp&s=bc116c4d64cc16d6ba88d6f5f1ce6cad35ec52e6 + +# Shareholder Meeting Coverage + +10 a.m. Eastern / 9:00 a.m. CT (16:00 European time) + +Stream: [https://youtu.be/a4SicgRYTmk](https://youtu.be/a4SicgRYTmk) + +Join us for a live stream like no other, with apes in Grapevine, TX ready to share footage and feedback on the GameStop Shareholder Meeting on June 9, 2021. + +10 a.m. EDT / 9 a.m. CT - Live Pre-Meeting Commentary + +11 a.m. EDT / 10 a.m. CT - Shareholder Meeting Live Coverage + +11:30 a.m. EDT / 10:30 a.m. CT - Live Post-Meeting Commentary + +12:00 p.m. EDT / 11:00 a.m. CT - Additional Commentary and Discussion + + +&#x200B; + +**Monkey Business** + +4:30 p.m. Eastern / 3:30 p.m. (22:30, Eastern Time (ET) ) + +CT Stream: [https://youtu.be/UDKC\_oXqhGM](https://youtu.be/UDKC_oXqhGM) + + + Join the ape community for a panel discussion about the current events of the stock trading world. + +Today's session will be hosted by jsmar18 and sharkbaitlol with various apes as guests! + +Please note that Monkey Business is a brand new concept and we are still figuring out its exact programming structure. + + +&#x200B; + +https://preview.redd.it/zn8g55gsi7471.png?width=554&format=png&auto=webp&s=17e464e69c4e4e1d835074fd5908aee5230f7d48 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + + + +https://preview.redd.it/pf0b1ymui7471.png?width=400&format=png&auto=webp&s=928125a760a9534eacaba34b499b4cf09e98eaed + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +**Countdown to the Annual shareholder meeting is today, LETS GO!** + +&#x200B; + +[Majora's Short](https://preview.redd.it/rw6mu9p0j7471.png?width=1280&format=png&auto=webp&s=55b5e06fc6cb8838b9192cecf1fe74fd0b1d6c39) + +&#x200B; + +Before I go there are a few things I want to make clear to everyone, today is the shareholders meeting, this doesn't mean everything will pop off today, the announcements that are being made today can take weeks to take full swing. + +If we hear about NFT dividends, it wont be issued right here right now, the odds are greater we'll see this in a few weeks, if we hear about new business ventures, mergers etc these things take time. + +Remember we can stay ape longer then they can stay solvent ;) + +For all my apes out there I love you and if you're out there in Grapevine, you may see some familiar faces from here pop up <3 be Excellent to each other ! +Warning to anyone that banks with Capital One: your savings account rate went down significantly to 0.6%. They did a bait/switch on all of their users. They now have a new savings account called "performance savings" with a rate of 1.7%. They changed their old savings accounts to a much lower rate and started a new saving account with a new name that you need to manually switch over to. I just switched mine over so I’m back to 1.7%. + + +Edit #1: You don't have to close one account to open a new account, nor do you have to call them. You can do it on their website or their app: + +If you already have a savings account, to get the new high rate account: + +- In the Capital One app, log in, then “profile”, then “browse financial products”, then “checking and savings”, then “360 performance savings”, then “open account”. Once opened, you should see all your accounts, and you can transfer money from the low yield account to the high yield account. +- In the website, go to their website. Then click the "Earn 5X the National Average Savings Rate" link above "Expect more with 360 Performance Savings"; that should take you here "https://www.capitalone.com/bank/savings-accounts/online-performance-savings-account/". Then do "Open Account"; it will then ask you if you already have an account or not; proceed accordingly; if you already have an account, you’ll log in and it will add a new account for you. + +Edit #2: Their money market account is 1.5% (for accounts over $10k) and is 0.6% (for accounts less than $10k). The new “performance savings” account is 1.7% for all balances. + Before I share the medium post link, I'll quickly address something. It took about 10 days for me to structure my notes in a way that was readable and still descriptive, but it still turned out to be an hour long read and was mostly full of lingo in order to consolidate that much information that normies wouldn't have understood. On some persuasion from IRL folks, I had to cut down a lot of stuff and change the language from lingo to plain english that could be understood by most people. I had to attempt to explain a few things that netted the word count even more. In hindsight perhaps a medium post was not the best idea and maybe I should have just posted my earlier draft which goes much deeper analysis into every segment that ITC's involved in. I still have that draft and may post it on here or discord if there's interest around ITC at all. + +**TLDR**; Earlier draft had too many things, had to cut down on a lot of details, stuck to stuff that related only to my investment thesis. May post other stuff in another post/reddit but will be difficult to structure it any reasonable form. + +[Link to the medium post](https://medium.com/@agnanidivyansh/itc-e90752a078a6) + + Some stuff that I cut down on, if any of these get interest here I'll post it on discord and maybe on another post - + +1/ business strategies other than those mentioned + +2/ dynamics of contribution of different segments to topline and bottomline over the last few years, reasoning behind it, and a forecast + +3/ detailed taxation analysis, why taxation doesn't work, how the illegal cigarette market works + +4/ why it'll be prudent for the govt to ease taxations and regulations now, even though they've been taxing cigs heavily the past few years + +5/ supply chain stuff behind itc, much more details into backward integration and echoupal network, their triple bottomline philosophy + +6/ why net margins scaling is an eventuality and a case study of HUL in its earlier days going through the same expansion of margins + +before anyone asks, the segmental data on screener.in has some issues when it comes to FY14 & FY15, took the data from ARs instead +Whether the numbers are above or below current estimates, tomorrow is a hype-day. + +These confirmed data-points for Dr Ruth's Sex Book are my personal highlight of the quarter, letting us know how far along we truly are in fucking the hedgies. + +As always, expect fuckery around the earning calls! +Question: Is it true that over 7,500+ companies in USA were bankrupted over the last 30+ years as a result of counterfeit naked short selling? + +I remember reading this 6+ months ago somewhere and I'm trying to track down the source where I saw/remembered it from but I can't find it. Regardless, is there any reliable source of information that similarly quantifies approximately how many companies went bankrupt from counterfeit naked short selling in the last 30+ years? +&#x200B; + +https://preview.redd.it/vqvn0aosp4o61.png?width=490&format=png&auto=webp&s=92ecafb2f844d637ec190479505ccbb28b08a040 + +This post will be made up of a few parts: + +* Overview +* Chart +* The product +* Ratios/Financials +* Management & Internal ownership +* The clients +* Stickiness/churn +* Competition +* Upcoming price catalyst +* Conclusion + +Pull out the choccy milk and double dose your ADHD medication! This is a long one. + +**Overview** + +EOL is a *consistently profitable* Aussie SaaS company with a market cap of 167m and YoY increases in both EBITDA and EBITDA margins, as well as a decreasing churn rate. It has just gone international and has seen massive earnings growth with a huge market share still to be captured. There are more price catalysts coming. The stock is not hyped on reddit (zero mentions before this post) and twitter/HC chat is minimal. The company's offering includes the trading of energy derivatives and the scheduling of physical energy (including electricity, gas, liquid commodities and environmental and carbon trading). EOL has offices in Australia, UK and France, with 200+ customer installations in 19 countries, including many with blue-chip international utility and infrastructure companies. + +This company has exciting upcoming price catalysts and international ambitions. For context, EOL has market share approaching 50% in Australia (basically a duopoly here, which is a great position to be in), 15% in the UK and less than 5% in Europe. In late 2019 they acquired an EU entity (eZ-nergy) HQ'd in Paris and before that in late 2018 acquired a UK based ETRM company. They are considering a US entry in the next 3 or so years if the circumstances are right, and they're eying another European acquisition soon. Have the acquisitions done well? Well... read on and find out. But European revenue is now more than 50% of the company's global revenue, after just 2 years. Interested? You should be. + +&#x200B; + +**Chart** + +As of posting, EOL last closed at $6.61. I'm no TA expert, but I've included the chart because its good a good shape and the MA is doing what solid long term stocks should do: + +[EOL may try to find new levels of support at around 6.10 so be mindful of a potential pullback from today's levels if considering an entry. ](https://preview.redd.it/bapafou2o4o61.png?width=1619&format=png&auto=webp&s=2068524855788ca6af5be447ea63310359d64d53) + +&#x200B; + +**The product** + +Its not the most sexy of SaaS companies, probably why its not 'in play' since it doesnt offer BNPL or EV edge. Instead, EOL provides Energy Trading and Risk Management (ETRM) software which is 'mission critical' to its clients, who supply countries with energy (an essential service). What on earth is ETRM you're probably asking - don't worry, I had no idea either. Theres a section below which details what this is in a bit more detail but essentially it means contract management for recording physical trades for power on energy markets, assisting power stations selling their power on energy markets, providing buyers of power with valuations and data, assisting strategic players with carbon trading management and helping clients ensure an efficient allocation of energy, infrastructure and logistics through optimisation. Why is this important? + +1. Energy is a critical asset; +2. The software is heavily integrated with its customers, and has a very low churn rate; +3. Renewables are set to shake up the energy market by making fluctuations in demand and supply (and therefore fluctuations in price). EOL's product helps clients navigate those changes and stay ontop of bidding, energy valuations and hedging. +4. Carbon trading is massive in Europe, where EOL has just expanded to in the last year or two. Australia *nearly* got an emissions trading scheme under both Rudd and Turnbull. There is consensus among centre right and left that an ETS is the way to go to deal with reduction of carbon. (Basically you need to buy carbon credits if you emit, and you can sell carbon credits if you reduce carbon in the atmosphere, by 'putting a price on carbon'). EOL's product helps all suppliers and consumers of energy trade carbon credits. +5. Moat wise, Commodity Trading and Risk Management (CTRM) systems dominate the strategic landscape because CTRM’s do everything from Cocoa beans to Copper. Electricity however is a unique commodity that is difficult to store and needs to be transported and consumed immediately. ETRMs are better for this, and EOL specialises in ETRMs. When you get to competitors below you'll see that this is not a crowded market. + +Honestly you can probably skip down to the financials if you don't care about the product in any more depth, but if you do want to know a bit more about the software - the company's product has three main offerings. + +* Bidding services - which allow a power station to bid it’s electricity (quantity, price, time and place) into a National Electricity Market. Takes into account potential constraints in the transmission system allowing optimum dispatch for companies with multiple generators. ***ELI5***\*:\* bidding in spot market, valuations of power purchase agreements, carbon trading management - help clients with the prices of energy when buying or selling it. +* ETRM services: contract management for recording physical trades (PPA’s) and financial derivatives (Swaps, Options, Caps etc). Records the trade allocating it to a hedge book / portfolio. As market prices change hedge books are revalued. Forward books can be five years of more. Provides risk analytics such as GMaR, VaR, CaR, Monte Carlo etc. Electricity, gas, carbon, diesel, coal and Fx are all covered. ***ELI5***: contract management, reducing supply during adverse price movements against the client, hedging using derivates to protect the client against those moves, and tools to monitor energy market and execute derivatives. +* Business automation services: Many systems and contracts in energy markets can be complex. EOL's tools automate complex but mundane tasks increasing accuracy and efficiency. ***ELI5***: EOL's software can be used to help transport gas from one point through several different pipelines for a more efficient logistics exercise, for example. Efficient allocation of energy, infrastructure and logistics saves the client money and time. + +&#x200B; + +**Ratios and financials** + +This company is a fucking compounding machine. Forget dilution issues taking chunks out of your EPS like some speccy halloysite miner. Check this out: + +EPS + +|FY16|FY17|FY18|FY19|FY20|LTM| +|:-|:-|:-|:-|:-|:-| +|0.03|0.02|0.05|0.06|0.07|0.14| + +&#x200B; + +EBITDA (earnings before income tax, depreciation and amortisation) + +|FY16|FY17|FY18|FY19|FY20|LTM| +|:-|:-|:-|:-|:-|:-| +|0.91|1.02|1.88|2.84|3.21|4.79| + +&#x200B; + +R&D: + +|FY16|FY17|FY18|FY19|FY20|LTM| +|:-|:-|:-|:-|:-|:-| +|1.08|1.15|1.34|1.63|1.89|2.86| + +&#x200B; + +The company has virtually no debt (1.1% D/E ratio) + +Not that we really care as young primates, but the company's dividend yield has reduced from 1.5% to 0.5% since the company's second EU acquisition in late 2019 through COVID and up to today. This isn't a bad thing really, they're reinvesting earnings in the business and growing their international market share - this is good for long term SP growth as opposed to income from dividends, so it suits a long-term growth investor which is probably how most of us would categorise ourselves. + +&#x200B; + +**Management / Internal ownership** + +CEO has 3.24% (5.4m) of the company + +CFO has 1.24% (2.1m) of the company + +CEO of European ops has 0.78% ($302k) + +Ian Ferrier has 26.77% (this guy is on the board of Goodman Group, Reckon Ltd and Briscoe Wong Ferrier and has been on the board of EOL for 14 years - nearly as long as Goodman Group, a profitable REIT focussed on distribution centres globally). He previously founded Ferrier Hodgson, a corporate recovery firm that was bought by KPMG recently. I work in the corporate recovery space and Ferriers was highly respected and a good business. + +Vaughan Busby has 15.88%. This guy worked for Ian as a director at Ferrier Hodgson and has since held a number of board spots on Energy companies around Australia. Hes currently on the board of EOL and the board of Energy Queensland. Hes also a principal at Rearden Capital - a Sydney based fund manager specialising in originating and managing senior secured infrastructure debt on behalf of wholesale investors. + +Ian and Vaughan are from the corporate recovery world and are highly qualified accountants who have strong skills in turning around unhealthy companies - they made their money doing this for decades. The fact that they are so heavily invested in this company speaks volumes about its financial health and prospects. An insolvency practitioner would not invest in a company with a risk of losing their investment. + +We saw big insider buying in May - June last year, during COVID. Good to see confidence in the business even when major markets took a hit. Be mindful also the company grew EBITDA even through COVID so not a hard decision to buy more as the shares dipped (to as low as $2.20). Just wish I knew about this stock then. We've seen some offloading from Ian and Vaughan in the last 3-6mths but they still hold very significant portions of this company (the % above). + +&#x200B; + +**The clients** + +Clients of EOL are mainly utilities companies – such as power stations and vertically integrated retailers. Infrastructure providers – such as gas pipelines, electricity transmission. Here's flowchart of how these clients fit together. + +[Basically all of the navy blue tiles on the left plus the grey tile. Orange and aqua tiles are the services they provide.](https://preview.redd.it/nr5sm5w0k4o61.png?width=874&format=png&auto=webp&s=0c32744cc24dafc9544ca490902cbb35c4b87c93) + +&#x200B; + +https://preview.redd.it/p47lq22ik4o61.png?width=831&format=png&auto=webp&s=26bb1136342e85e017ca455a6343a4471ccc751a + +Examples customers are- + +⦁ AGL + +⦁ Energy Australia + +⦁ Jemena + +⦁ Alinta + +⦁ South East Australia Sea Gas + +⦁ Invenergy + +⦁ Ergon + +⦁ Centrica + +⦁ E-on + +⦁ Intergen + +⦁ SSE + +⦁ Engie + +⦁ DB Netze + +&#x200B; + +**Stickiness and churn** + +Churn is a key metrics for SaaS companies. Churn is the rate of lost clients after having them sign up. Stickiness just means how integral the software is to a company's operations. Slack is not a sticky product since it can be replaced with any instant messaging app. Microsoft office or Xero on the other hand are very sticky because their integrations with the business run deep. A stickier SaaS product is better because clients lament thinking about swapping it out and are more likely to cop higher prices for the service and hang around for longer. + +EOL's churn is 2.5%, down half from last year. Average life-time value (LTV) (ELI5: net profit per customer) has been growing each year. Large blue-chip customers consider ETRM software mission critical so installing new enterprise style ETRM software involves large, sophisticated projects. + +Contract lengths: 1-5 year initial term, then annual renewals - nice and long contracts so in addition to the software being sticky, the contract terms are locked in for long durations. + +Cross selling wide, Energy One looks to sell more than one product from their range to customers. Currently average 1.2 products per customer with 4 products the highest. + +&#x200B; + +**Competitors:** + +None are listed on exchanges anywhere - only private equity. ETRM vendors tend to be specialist suppliers, the majority of which are owned by private equity so this company is a unique trading opportunity for retail investors. + +https://preview.redd.it/6mnak0gjk4o61.png?width=856&format=png&auto=webp&s=a09913e4434e5a1087c19ad6907dbb6ba733406a + +**Upcoming price catalysts** + +* recently moved into Europe, only have 5% of market share there but have already receieved massive revenue boosts. +* European revenue growth was up 83% over pcp. Want to leverage eZ-nergy product. European revenue is now more than 50% of the company's global revenue after just 2 years. +* NPAT for the first half of FY2021 is already more than all of FY20 demonstrating a large upswing in fundamentals. +* EBITDA margin increased by 30% pcp - this is why we love SaaS companies +* Company guidance for EBITDA for FY21 is up to $8m from $5m actual last year +* Company presentations state that "Scope exists for another complementary European acquisition" +* US expansion "being considered in the next 2-3 years should the right opportunity arise" + +&#x200B; + +**Conclusion**: + +EOL is a solid profitable SaaS business with a low <150m market cap that specialises in ETRMs - the most efficient way to trade energy. Energy markets are only going to get more complex with volatile prices as supply becomes more intermittent as renewables are phased in, along with carbon credits. The busines has a very low churn which is shrinking YoY and high stickiness, strong client base (startups all the way through to blue chips), a pattern of successful acquisitions and an untapped market share in Europe and the United States. I'm bullish on this company from a FA perspective. + +Congratulations on getting to the end. Here is your reward you dope fiend: + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +# The Harmonic Convergence + +by sweatysuits + +&#x200B; + +[ \\"History is merely a list of surprises. It can only prepare us to be surprised yet again.\\" - Kurt Vonne-gut](https://preview.redd.it/939ohs4wyy981.png?width=444&format=png&auto=webp&s=3500366f5a6aeb41e138e682bca2e5a254af5f32) + +# Introduction + +Hello everybody! + +I have been meaning to write something about GME and volatility for months now but IRL obligations have prevented me from sitting down and collecting all my thoughts, lining them up in a coherent manner and putting all this down. + +During this time my friends [u/Zinko83](https://www.reddit.com/u/Zinko83/) and [u/Mauerastronaut](https://www.reddit.com/u/Mauerastronaut/) wrote their DDs about variance and volatility which you have undoubtedly read. If you haven't, you have to check them out. This is without a doubt shit you should at least have heard about if you have any intentions whatsoever in investing the equities market after this epic time in our lives is over. + +Of course at the end of the day, these are just the ramblings of a madman who has finally eaten part of his own brain with some fava beans and a nice chianti. + +I realize this stuff is not very straightforward and might not immediately trigger your confirmation bias but be patient - I work slow but I will get you there and more. 😘😉 + +# Part I - GME and Volatility + +I have been spending an unhealthy amount of time ~~studying~~ obsessing over volatility and its relationship with GME. Long story short, GME and volatility are married (positively correlated) - with very few and notable exceptions. + +[ The most beautiful chart in existence? I think so.](https://preview.redd.it/s6ozpdb0zy981.png?width=1875&format=png&auto=webp&s=e6db85364649adbcc46ef86e8b6e496f30f6b727) + +Here are the exceptions when GME actually behaves like a "normal" stock i.e. shows negative correlation with volatility. These periods are visible on the chart I linked above and I expect volatility and price to be negatively correlated when the following occur along with a sharp increase in put option volume. + +1. When GameStop issues shares. We saw this happen in June-July. +2. When funds sell large numbers of shares in the market (such as ETF rebalancing). We saw this happen in August. +3. When there is a significant broader market event. We saw this happen recently in December. + +We recently went through one of these exceptions (#3) when a metric fuck ton of cash left the market as the year was closing in December with the selling and shorting of nearly every security in the market including GME itself as well as ETFs that contain GME. That being said, in the vast majority of the past year GME had a positive correlation with volatility. + +**So when did this positive correlation with volatility begin?** + +[ 2 year graph of GME options implied volatility in white and GME price in the background in gray.](https://preview.redd.it/b00gypk4zy981.png?width=1864&format=png&auto=webp&s=670d8f1423c85bcb2478f2b191ff5e4fa343964e) + + It actually started in August 2020 but it was mostly held under control by the market makers and the shorts. **Cohencidentally**, this is when the chair-man himself bought his first shares. 😎 + +[ RC is such a fucking giga-chad. Please open your beautiful lips and say some words so we can witness the breaking of both the internet and the stock market. Thanks daddy.](https://preview.redd.it/1qgb6sm8zy981.png?width=1550&format=png&auto=webp&s=b8b51e8d0bbdb12fc4547c616ef645c5f10f3925) + +# Part II - The Sneeze - a.k.a. January 2021 Volatility Nuke + +The positive correlation with volatility becomes incredibly significant after January 12, 2021. This is date when the IV and all the historical volatility measures (10/30/50/75/100/150/200 day) all converged on a single point along with options IV and then shot up to the fucking moon. This is what I call the **Harmonic Convergence**. Behold! + +&#x200B; + +[ BOOM! Isn't that just fucking beautiful?](https://preview.redd.it/pg224puczy981.png?width=447&format=png&auto=webp&s=25364f31474351c0b7e7793036cd777c721f3c83) + +Volatility had been flattened by the shorts and the variance/volatility sellers... They were managing to keep things under control until that fateful day. + +So what happened? What happened on that day that changed our lives forever? What happened on that auspicious day that started the run-up which made DFV rich and famous, that made RC into the best investor of his generation (eat shit Gabe) that got Creamer and the media shitting their pants, got me into investing and who knows how many millions of people into the spiderweb of rabbit holes that is the GME story? + +[The green line shows the call volume while the red line shows the put volume. The total option volume tripled. Why?](https://preview.redd.it/q25y5hdgzy981.png?width=1864&format=png&auto=webp&s=9b7d9d8557ec18fecd81c7e4ee219aaedcac588f) + +I want to draw your attention to the options volume on the week of Jan 11. It tells a very interesting story. **Remember that this data is ONLY for options expiring January 15 i.e. ON THAT FRIDAY. This is really important. I will explain why.** + +Why were so many calls and puts traded on this week in January? We can answer this by looking at which options in particular were traded. Here we go. + +1. Jan 11 - a Monday. [Watch out for the options volume for 25$ / 30$ / 35$ and 40$ call options. More importantly watch out for open interest.](https://i.imgur.com/rnGK8O7.png) +2. Jan 12 - [How about that OI increase at 40$ huh?](https://i.imgur.com/lEnEIqU.png) GME closing price is at 19.89$ despite bonkers intraday movement. +3. Jan 13 - [WTF is this volume at the 40$ call? 92,863?! WTF?!? OI is going up too. GME closes at 31.43$. Here it comes baby!](https://i.imgur.com/vEpWLvS.png) +4. Jan 14 - [They added strikes from up to 55$. The volume for the 45$,50$ and 55$ calls is absolutely insane. The OI for the 40$ call went up 22k from the day before.](https://i.imgur.com/gEkcAlF.png) Closing price goes up to 39.97$ +5. Jan 15 - [OI for the 40$ keeps going up. Increased OI for 45$ and 50$ call options. More volume for 55$ call. These options are expiring on that very day.](https://i.imgur.com/efzFXGl.png) + +So why? Why buy these options? They are expiring on that day. This is like going into the supermarket and buying food that is expiring that very afternoon. + +They simply had to. + +If anyone was short here (possibly a market maker - you can guess which one) and wanted to hedge their short position against a volatile move by buying a variance swap, the seller of that variance swap (most likely a major hedge fund or a market maker) **would have to reform their replicating portfolios because of the sticky strike understanding of variance hedging.** + +They would have to rebuild their portfolios around the new strike. This means trying to keep the new strike right in the middle of their options portfolio and buying options. This means money spent. Lots of it. Well, they did. 😁 + +[That's a lot of fucking options.](https://preview.redd.it/91moc5rmzy981.png?width=750&format=png&auto=webp&s=a204461c528d567ceeb8d2bd13604bf2b82386cd) + +The short variance party (market maker) had to rebalance their replicating portfolio as the price went from 20$ to 40$ in a single week and blew up the options chain. When they started buying the new OTM strike that would give them the highest vega exposure, the prime brokers that sold them the calls had to hedge by buying stock (or call options of their own) as the price went up and also pushed the price to go up. Arguably some shark funds (looking at you DOMO, Senvest and Hestia) could have also bought these OTM options to tip shit over and really fuck the shorts. + +This phenomenon can be explained by a third order derivative in the Black-Scholes options pricing model called "Color". + +[ Color the delta of gamma in relation to theta.](https://preview.redd.it/26pdwompzy981.png?width=658&format=png&auto=webp&s=157464edccc7648ca58e2c2b8a65842ea9ef9fa1) + +**Long story short, as options come closer to expiry - gamma speeds up.** This is what color represents. + +So those algos that we all hate, the ones that play around with options as the price is going up and down every day, those same algos are designed to calculate second and third order derivatives and make the optimum trades based on these parameters. **They would have started buying.** + +Let's recall the SEC report. + +[ Not consistent with Gamma squeeze. MMs buying call options.... Hmmm..](https://preview.redd.it/mgvwq5kszy981.png?width=779&format=png&auto=webp&s=775557a5051ec99be0077f382d59dddfbf8ee2ca) + +Let me help you SEC. I realize you don't want to talk about variance swaps and hybrid instruments because they're not in your purview. In fact, according to the [Commodity Futures Modernization Act of 2000](https://www.congress.gov/bill/106th-congress/house-bill/5660/text), the SEC is powerless to govern hybrid instruments (variance swaps fall under this category) because it is specifically stated in the law that these are NOT securities. Even the [CFTC has to ask... guess who... the Board of Governors of the Federal Reserve (!) before they make a decision based on hybrid instruments.](https://i.imgur.com/2XfCbxH.png) Anyway... Don't even get me started on this shit. + +I'll say what the SEC can't. It was variance swap hedging that went completely out of control. + +Calls are ITM from the week before, brokers buy shares to hedge their clients' call options, price goes higher, more replicating portfolio rebalancing, price goes higher, more call buying... BOOM! This caused a cascade of hedging based options buying and an incredible volume of 144,501,700 shares traded. Wow. + +Let's see what happened the following week. Since you now understand how color affects gamma hedging I can just skip to the last 2 days of the options chain. + +1. [Jan 21 - a truly obscene number of $60 calls expiring Jan 22 traded on that day.](https://i.imgur.com/TH0KAtn.png) +2. [The next day on Jan 22, GME opened $42.59, peaked at $76.76 and closed at $65.01 whopping, mind blowing, tit jacking volume of 197,157,900 shares traded. Wow.](https://i.imgur.com/ZI8Fwve.png) I don't even want to talk about the volume on the 60$ calls... Absolutely mad. + +The week after that? This is the week of legends. This is when everything went completely out of control. You understand how this works now. They buy the most OTM option for the highest vega exposure. I'll just give you the trades for the most OTM option for each day. You can see them adding strikes as the price went completely out of control... Good times. + +[Jan 25. 115$ Call.](https://preview.redd.it/5nd36w3xzy981.png?width=1329&format=png&auto=webp&s=d47d25c0f9827523341388da373bb8b3e3e3ce18) + +[Jan 26. 200$ Call.](https://preview.redd.it/s84g0xfyzy981.png?width=1330&format=png&auto=webp&s=169c370c0155a64afe6556d656a7d2010d4b9697) + +[Jan 27. 320$ Call.](https://preview.redd.it/hp1v4zkzzy981.png?width=1330&format=png&auto=webp&s=581ebec12db07b7ee52ce635676a441a02c6a680) + +[Jan 28. 570$ Call.](https://preview.redd.it/2kuvl0x00z981.png?width=1330&format=png&auto=webp&s=3161fba841414316e056fc08ac7005d08cbd8f47) + +[Jan 29. 650$ Call.](https://preview.redd.it/gbqi35y10z981.png?width=1330&format=png&auto=webp&s=34449a780fa5b4fdd47b63e98eb407f191b911db) + +Afterwards they bought a completely obscene amount of puts and crash the price and spend all of the year trying to hedge and balance all of it out... This is all history to us. + +# Part III - The Harmonic Convergence - Fasten Your Seatbelts + +Here we are. Almost one year later. Volatility has been crushed back to it's level in January 12, 2021. + +All volatility measures have once again converged near a single point. + +Yet after all of this... without a single word from the company... The price.. has not given.. one.. single.. fuck. + +**AND WE ARE STILL HERE!** After all the bullshit we've had to hear from the corrupt and incompetent media, the "experts", Congress, the SEC... Despite all of their best efforts (looking at you Chukumba) we have not given up. The price has not yielded. + +[ BEHOLD! Harmonic Convergence Part 2. ARE YOU FUCKING JACKED YET?!?](https://preview.redd.it/mpv0ff260z981.png?width=1858&format=png&auto=webp&s=9903533c1f84189ade21a2247ce2595d4ff05941) + +Here is the GME options open interest chart. You can clearly see the tails of the variance replicating portfolio in this chart. The biggest remaining positions are expiring in 15 days on January 21, 2022. + +[ The yellow tone is for options expiring Jan 21, 2022. The light blue tone is for those expiring in January 2023.](https://preview.redd.it/uibokvr90z981.png?width=1869&format=png&auto=webp&s=035a39e3f6d4b51731ac6e43c9e2d3552d272e24) + +Want to see what the replicating portfolio looks like in 3D? Here it is. + +[ This image shows the option IV \(annualized on the top left\) for each strike \(K\) and then time left for each expiry on the bottom left \(t\). You can clearly see the tails that correspond to the famous 0.50$ puts and the 950$ call options that make up the boundaries of the replicating portfolio. ](https://preview.redd.it/8mxkdyxc0z981.png?width=759&format=png&auto=webp&s=019af2593172883c5718cd511ea644f8a3dec033) + +[Reminds me of how space is bent around a black hole](https://i.imgur.com/Kl28HJT.png)😎 + +I love everything about all of this. The adrenaline is pumping. + +Look at it. What does the volatility surface look like after Jan 2022? Flat as fuck. Here is the open interest with the January 2022 and January 2023 options removed. + +[ Pay attention to the scale on the right. On the previous OI chart, we could see 60k calls and 140k puts while on this one the highest is 12k. ](https://preview.redd.it/ryk2yvuf0z981.png?width=1864&format=png&auto=webp&s=82bf496a6e02002effcbe2b84e52123022124b8f) + +What does this mean? Wall Street has not yet shown their hand for 2022. We need to keep a very close eye on all options movements to figure out exactly what new fuckeries the hedgies may be planning. + +How will this affect the price? They crushed volatility so hard that no matter what they do they will cause major price movements. Volatility has gone down to what it was when the price was 19$ but now it's 130$. + +With RC's standstill ending, options volume non-existent, a possible announcement coming and the bare options chain... There is incredible potential for a massive movement. I can talk RC possibly buying call options, about shark funds coming back in to screw the shorts again, the degens of the internet returning, FOMO and what not... + +Honestly, we might not even need any of that. Personally I'm ready for anything. The dip before the rip, the media attacks, shills.. All of it. + +Buckle the fuck up. + +# Part IV - TL|DR and Acknowledgements + +**TL;DR :** Hello there. You're here because you scrolled through the entire post and wanted the short version. + +1. Volatility has been crushed and is ready to pop. +2. Price did not give a fuck all year. +3. Options chain is so bare, any kind of serious option buying by a Wall Street fund can blow everything up. +4. Hedgies are deciding if they want to keep fucking with our stock. In any case, they are still fucked. + +At least go back and look at the shiny pictures. + +I got more to write about who the variance long is, who the variance short is, the bankruptcy gambit and how variance swaps are used as a clamp on the stock price, the synthetic short forward opened in Nov 1 and what that means... How variance swaps are manipulating the stock market and how the lack of regulation is facilitating it. Those are speculative however and belong in different posts. + +**I'd like to thank** [u/Zinko83](https://www.reddit.com/u/Zinko83/) **and** [u/Mauerastronaut](https://www.reddit.com/u/Mauerastronaut/) **for doing an incredible amount of research and brainstorming with me.** [u/Turdfurg23](https://www.reddit.com/u/Turdfurg23/) for paying for some of the tools used for the preparation of this DD. I also must thank [u/Criand](https://www.reddit.com/u/Criand/) not just for being a very good dog throughout all of this but also for as his original DDs that made me more curious and pushed me into doing my own research. + +**I also want to thank every single person doing their own research on GME, bouncing ideas around with me, memeing with me and having fun.** I might not agree with most of the theories out there but I absolutely love seeing everyone digging and learning more every day while inspiring others. I think this is the most bullish thing out of this. + +**And finally I salute all investors of GameStop around the planet. Doubters can doubt and haters can hate but we're the best fucking investor base on the planet and it's not even close.** + +Deep fucking cheers to you all! + +Peace and Love! +I work in insurance defense and I rub shoulders with many insurance adjusters. I am shocked by how many people tell the insurance company they do not plan to make a claim after a loved one has been killed by a negligent driver or property owner. + +Before deciding not to make a claim against someone, understand that you are literally just donating money to an insurance company. If you are understandably uncomfortable with receiving money because of a loved one's death, make the claim and donate the money to a cause your loved one cared about. + +Edit: I also want to point out that if you are partially at fault, we take that into account before making you an offer. So don't think, "well, I was partially at fault too so I'll just swallow up all the costs." If you are partially at fault, we will only offer you an amount proportional to the insured's fault. And in the extremely unlikely event it goes to trial, the jury will be instructed to do the same. +President Bukele just announced that he is implementing a national wallet in September called “chivo” (means cool in Salvadoran slang) + +The government is giving 30 usd to anyone that creates an account, by law you will have to accept BTC as a company... but the wallet let’s you convert the BTC to usd immediately. + +He mentioned there will be two types of wallets... one for the people and one for companies. + +Apparently the wallet also is compatible with other Bitcoin wallets... + +You will be able to pay taxes with BTC... except you won’t need to pay taxes for the BTC you hold. + +Foreigners who come to invest in crypto in El Salvador will be granted permanent residency and will not have to pay taxes for the crypto they invest in. + +source:- https://www.reddit.com/r/CryptoCurrency/comments/o7fd3t/a_salvadoran_update_on_btc/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I had been applying to jobs recently and accepted an offer last week. I start next week. However, a job I had previously applied to got back to me and is offering me about 20% more compensation and it’s in an industry that I’d like to create a career in. What are the downsides to quitting a week into a new job? Will it have long-term repercussions for my career? For context, I would be employed in California. +Sit back and take a hit of crayon and put on your tin foil hats because these may be the ramblings of an Ape gone mad: + +THERE IS NO DOUBT IN MY MIND, WE ARE IN A SIMULATION. WE HAVE FORMED THE LARGEST GUILD IN THIS SIMULATION, AND WE HAVE FOUND A GLITCH AND ARE GOING TO EXPLOIT IT BEFORE THEY ARE ABLE TO PATCH IT OUT. + +The stock market is nothing but a way for the simulation to move money and power from one place to another. Its supposed to be confusing and hid in shadow for us normal people. We were never meant to look too deep into what the stock market actually is. But my fellow Apes, we have, and boy did we find a glitch in the matrix. + +The last few months have altered my way of thinking, it has changed my very human condition. I am completely convinced we are in some type of Matrix/ Truman show simulation. I always knew it. I always felt life and reality were a bit off. I always felt like things were just not supposed to be this way. I felt like no matter what I did my life was on a "schedule", I felt all the people around me were almost like NPCs just put there to fill out the world. I felt like most people and media respond to things in almost a programmed and predictable way. + +Some people come into this world with the attributes to become successful. Some have amazing strength and speed and are able to ascend through sports. Some have amazing musical and classical skills and are able to ascend by producing works of song and art. Some are born with a cheat code, into a life of money and power and never have to do anything. But the vast majority of people, are just here to fill out the simulation. We are the caretakers of the world, we keep it moving from one season to the next. This is our reality, and there is no changing it. UNLESS... + +THE AMINISTRATORS HAVE MADE AN ERROR. THEY HAVE LEFT A BUG AND AN EXPLOIT IN THE WORLD AND WE HAVE SEIZED IT. + +I think every once and a while someone is put here to be just a caretaker but they have a unique set of attributes. A random collection of thoughts and intellect, of courage and understanding. They aren't especially strong or fast, they cant sing or paint, they don't have a great mind to invent or build. But what they do have is a unique combination of everything that lets them truly see what's going on. It lets them see the strings that are controlling everything even though they cant do anything about it. They don't listen to the masses or what the media tells them. They are able to think and digest information on their own. In the past these people would just go through the motions of life. Never feeling truly satisfied or happy. Never able to ascend to the upper levels of the simulation. Until now... + +THE ADMINISTRATORS MADE A GRAVE ERROR GIVING THE PEOPLE VIDEO GAMES. + +To most people video games are for children, a waste of time. Nerds sitting in the dark on computers and consoles wasting their lives. To me they are much more. To me, they are a training machine in how to break the code of this simulation. Sure, the technology we have is nothing in comparison to whatever is running this simulation, but that doesn't make it any less useful. Every great painter started with cheap child's paints and brushes. Every athlete started with an old ball or dusty field. Every musician started with an old out of tune instrument. Video games are no different. I've learned how to build great cities with utilities and transit in video games, I've learned to command great armies and conquer worlds, I've learned to wield weapons and magic and use courage to overcome obstacles. I've learned that most games have glitches and bugs to exploit. BUT MOST IMPORTANTLY, I'VE LEARNED TO COMMUNICATE AND TRUST SOMEONE I'VE NEVER MET THROUGH CHAT ALONE. To be able to coordinate complex strategies with sometimes dozens of people I've never met. Oh yes, I've learned a lot from video games. + +And the best part... I'm not alone. In January my life completely changed. Since finding this community I feel in control, ascended. I feel like I am part of a real life guild and we are raiding the end game instance of this simulation. We are over 250,000 members strong! We have our Mods who are our TANKS that make sure no damage comes to this community. Always out front deflecting trolls and shills with their might ban hammers! We have our leet DPS, the members that post the god tier DD. Using their research and intelligence to attack and weaken our enemy. A great piece of DD is just as damaging as any backstab or eviscerate. Finally we have, (in my opinion) the most important member of any successful raid, our HEALERS. The meme-lords! Nothing heals the soul better than a great meme. Short attack? We have a meme for that. Robinhood fuckery? We have memes for that. Reddit down? Memes will be ready when we're back up. From the GME hype videos, to the drone flyers, to the template makers, to the bingo card and crossword makers. You keep us going. You give us hope and heart when all is dark. I have admittedly lost faith at times. I felt that I was throwing money away and was stupid for believing. But watching some of those GME hype videos gives me chills. It brings me right back into the fight. + +So in closing we are a guild here. Not just any guild, an end game raiding guild. We will succeed! Even if it takes, weeks, months, or years. It doesn't matter! I will show up for the fight, do what I can, and show up again tomorrow. + +Buy. + +Hodl. + +Vote. +After 20 years in IT Engineering, I'm bailing. I've been saving at least 20% of my income, investing in mostly large-cap stocks, and I'm finally able to step off that ledge. Mostly thanks to having held AAPL since 2003, I've finally hit 25x my salary, and way past that if you don't count the amount I saved towards getting here. House is paid off, wife is still working full time, and I'm going to go on her health insurance for the time being. + +It's been a ride. I left my long-term position in Fortune 100 IT after 8 years, because they completely re-wrote my job description from SAN Engineer to Automation Coder. I suck at code, I hate coding, and I'm no good at learning it. Plus, the way they were handling the "culture shift" was... Out of touch. + +So I did a 6-month contract, and hated it. It was obvious that they thought of contractors as "the help", despite it being a 20% pay raise from my last, generous job. You don't pay someone like that to publish email newsletters. + +Got my "dream" job, at the local university. Finally, no more long commute. Very "The Monkey's Paw" situation. I got what I asked for, in the worst way possible. The egos here are ridiculous, and they clash like hyenas over a kill. 90% of it is just one coworker and how the boss thinks his antics are funny instead of a clearly fireable offense. + +So I'm gonna take a good 3-6 month break, and reevaluate. Do I need some coast income, or can I be completely independent? We'll see. I know I want something where everything isn't so life and death, with million dollar IT infrastructure just waiting to fail in hitherto-unknown and spectacular fashion. Maybe volunteer at the cat shelter. Maybe try bartending. Maybe just take a nice, long time to decompress and breathe. +I'm a single mom. I work full time and do odd jobs for extra when I can. I don't receive child support (pending). I am barely making ends meet and with the cost of living constantly increasing have been living paycheck to paycheck for awhile. I pay basic expenses and have nothing left. I skip meals so my kid can eat. This morning I found out that my rent check bounced due to an issue (on the company's end) with my last paycheck. I am so tired and so scared and don't see a way out. + +ETA: I didn't expect this to blow up. I will answer as I can. Shortly after making this post, I received some awful (unrelated) news and I just don't have any more energy. I am completely overwhelmed by the compassion here. I just want to say thank you all. I have received so much good and useful advice. Peace and love. +Burn1 Coin \[$2.9M market cap\] \[25 days old\] 5,700 holders -Partnering with major Non-Profit! Cannabis Reform Advocacy Crypto + +🌿Burn1 Coin 🌿 24 Days Old! Partnering with major Non-Profit! 5,600 holders. Cannabis Reform Advocacy Crypto🔥 $2.6M MC + +**Welcome to Burn1!** + +Burn1 is a DeFi community governance token focusing on Cannabis reform advocacy, Cannabis Products and NFT’s. + +&#x200B; + +**Founder is doing AMA’s daily- 3PM EST or 9PM EST-** + +Burn1 had an incredible video made by MCash on Youtube. The video caused a pretty intense pump which rocketed Burn1 to a new ATH MC of $5.2M, up from previous ATH of $3.5M. It was a great review and suggested viewers to get in before it’s too late! + +A message from the founder- + +“We’re all about organic growth! Check out our chart and you will see that we don’t look like other tokens. We have only had a slow burn upward and it is getting better and better. We aren’t trying to pump our coin because we know what happens to coins that do. Failure. We are treating this like a business and building from the ground up. We have holders who believe in our goals, partners who are excited to work with us and most importantly we are dreaming big so that we can reach out and help as many of those in need as we can! The question is are you ready to Burn1 with us?” + +&#x200B; + +Whats happened this week- + +Burn1 is getting noticed by more and more exciting non-profits and will be donating to charities as soon as we are able. Funds are ready but with larger organizations and creating partnerships there is more red tape than you would think! + +Our biggest news to date is that Burn1 is in final stages of a Partnership with the Last Prisoner Project! The charity agreement is being drafted and as soon as ink is dried they will make a sizable donation and enter into being a tier 1 donor! Last Prisoner Project is possibly the largest non-profits supporting Cannabis reform. They are helping the families who have been ravaged by archaic cannabis laws. Burn1 will also be partnering with Michigan Cannabis Caucus as well as other partnerships being released this week! Follow them on Twitter to find out which charity they will be partnering with. + +This week Burn1 hired an Audio/Video manager to support the new studio for Video AMA’s and TikTok production. First TikTok was released last night outlining founding principles of Burn1; Transparency and Cannabis Advocacy. + +Thursday evening, the Founder of Burn1 wrote and released his first Medium article entitled, “The Taxonomy of Crypto- From the Eyes of a Biologist.” The article outlines different types of crypto, environmental impact, supporting Cannabis advocacy and where Burn1 fits in. + +Lastly, after a mere TWO WEEKS The team at Burn1 made it easier to swap BNB for Burn1 by launching the Burn1 Swap App. It connects directly to your trust Wallet for a streamlined swap. The App is preconfigured with perfect purchase settings so all you have to do is press buy! + +&#x200B; + +What we’ve done so far- + +✅ Passed Techrate Advanced Audit with Flying colors! + +✅ Released a Burn1 Swap App to streamline purchasing process + +✅ Partnership with High Society Franchise in Europe (150 locations) + +✅ Fair Launch + +✅ Burn1 Stickers Available at Dispensaries across US and Europe + +✅ Doxxed Founder + +✅ Burned 508 Trillion Tokens already! (initial circulating supply= 1 Quadrillion tokens) + +✅ Applied to CoinGecko + +✅ Listed on CoinMarketCap after 12 days - logo and price are updated! + +✅ Partnership with High Society CBD Franchise throughout Europe + +✅ In discussion with 3 Growers in NE USA regarding NFT projects and Burn1 products. + +✅ Last Prisoner Project partnership is awaiting LLC contract + +✅ Working with leaders of Cannabis Industry to market Burn1 to the masses + +✅ 7K already raised for charity donation!!! + +✅ Social media Campaigns in full swing + +✅ StockTwits Ticker is up! + +✅ LLC is being written as we speak! + +✅ 5,600 holders as of this writing! + +✅ #2 Top Gainer on CMC- over 600% gains in one day! Twice!!! + +✅ Liquidity is Burned + +✅ ATH $5.2M MC + +&#x200B; + +🔥 ‘Toke’nomics- 🔥 + +Each transaction is taxed 10% + +• 7% Given back to community holders – We believe this project will be a long term project that is why we want to reward anyone who stays for the ride with us + + • 1% Sent straight to liquidity- With guaranteed liquidity it will make the coin easier to trade. + + • 1% Burned away forever- Once again if you’re here for the ride we want your coins to become more valuable to you, by decreasing the supply over time this is how we can accomplish that + + • .6% Sent to Marketing/Dev wallet - + + • .4% Sent to a Charity wallet for charity donations- + +&#x200B; + +🔥 Social Media Info 🔥 + +Telegram + +[https://t.me/Burn1Coin](https://t.me/Burn1Coin) ([https://t.me/joinchat/qZcfDGikcFBlZDVh](https://t.me/joinchat/qZcfDGikcFBlZDVh)) + +Twitter + +u/Burn1coin + +Facebook + +[https://www.facebook.com/groups/790599804898216/](https://www.facebook.com/groups/790599804898216/) + +Instagram + +Burn1Coin + +Website + +[https://www.burn1.today/](https://www.burn1.today/) ([https://www.burn1.today/](https://www.burn1.today/)) + +Reddit + +[https://www.reddit.com/r/Burn1Coin/](https://www.reddit.com/r/Burn1Coin/) + +Discord + +[https://discord.gg/B3VCQsUr](https://discord.gg/B3VCQsUr) ([https://discord.gg/B3VCQsUr](https://discord.gg/B3VCQsUr)) + +Youtube + +[https://www.youtube.com/channel/UCnoZGNBz\_D90E9NbNj66Rbw](https://www.youtube.com/channel/UCnoZGNBz_D90E9NbNj66Rbw) + +Contract- 0x07e330a210b8128c7b32476704c3052cd8c10e5b +Hey r/superstonk/, + +We just launched our playtest for Guild of Guardian - and we want this community to have be the first to play it. + +GoG will be tradable on GameStop's marketplace soon. our vision is to build the world’s most popular RPG where hundreds of millions of players can turn their passion for gaming into real assets. + +We need to transform crypto gaming from being purely money driven, to creating games which are fundamentally fun, and leverage NFTs to ensure that digital ownership is the expectation - rather than the exception + +The first step is making massively played, immersive games where instead of billions being spent on google or facebook ads, it's spent on the players themselves. + +We are super excited to enter this next chapter with the GME community - and would love your feedback. Signup Page here: [https://bit.ly/3yv0c1N](https://www.google.com/url?q=https://www.google.com/url?q%3Dhttps://bit.ly/3yv0c1N%26amp;sa%3DD%26amp;source%3Deditors%26amp;ust%3D1656734892145275%26amp;usg%3DAOvVaw2ixPGs9iXswN7qAytZ8agf&sa=D&source=docs&ust=1656734892161334&usg=AOvVaw2aFa8JRQGYuobkgBSmtSNJ) + +\- Robbie / 0xferg +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! + +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. +I’m looking at this in the context of stagflation and trying to decide if buying an investment property is the currently “the move” or if I should wait. +Hiya - FatFire here with \~$8m networth in a very expensive city with 3 youngish kids. + +&#x200B; + +I have been sole income earner throughout my career, wife and I agreed very early on she would be stay-at-home although she has an advanced degree w/great income earning potential. + +&#x200B; + +I have been working 60 - 70hr weeks for the last decade, I am ready to take my foot off the gas. + +&#x200B; + +My wife and I have agreed many times to drill down spending, drill down a budget, drive financial discipline. + +&#x200B; + +Problem is that while my wife says she on the same page about building & sticking to a budget she invests zero time in doing so and I can't remember an instance of her trying to actually pull back on spending / etc. + +&#x200B; + +For instance I've asked multiple times for her to break down the various accounts and expenses and build a real monthly household budget, propose a general withdrawal rate, etc but we get nowhere. + +&#x200B; + +We are insanely lucky to be in our position and my wife is an awesome busy and engaged Mom and I know it takes a ton of time and energy. + +&#x200B; + +So it seems almost comical to be posting this for basic "how to get spouse on board with budget" post but I think also having the gigantic insulation of cash and assets makes it easy to push it off for both of us. + +&#x200B; + +Would love to hear any other strategies etc. + +&#x200B; +Hi all, + +Several of my friends are fatFIRE trust fund kids. They are well educated with PhDs. (I know them from my PhD program.) Yet they are never able to maintain a job they like and float around. Why does this happen? Is there any hope of saving them? + +P.S. I did refer one of them to my company and it backfired on me, lol (but not really). + +Thanks. +&#x200B; + +https://preview.redd.it/uve8vgz9dm271.png?width=1600&format=png&auto=webp&s=8e65c01169ff4800c472dede5fa9dd5ad7463e66 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/bkoyqa0cdm271.png?width=680&format=png&auto=webp&s=19967667ff879bd5cd124a2c8c1b3f66b268d628 + +Let's start with the basics once more! + +[VOTE!](https://reddit.com/link/npq4vp/video/z20umojfdm271/player) + +Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in. + +Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented. + +Like the NFT is set to launch around the 14th, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions. + +[https://www.reddit.com/r/Superstonk/comments/nlpz4h/your\_votes\_are\_important\_the\_time\_to\_vote\_is\_now/](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +https://preview.redd.it/rqkm5rjcjm271.png?width=960&format=png&auto=webp&s=fc4c10bcbe371f46a99714afa46f886ff752d608 + +# Congrats on the upgrades! + +First of all I'd like to start with giving a shout out to two fellow mods, u/bye_triangle and u/pinkcatsonacid, as has become normal for us, in the beginning moderators get limited powers (just so we know they're doing a good job etc etc), well both u/bye_triangle and u/pinkcatsonacid have gone above and beyond on many occasion and are as of right now full moderators. + +u/redchessqueen99 had already made a post announcing this but I just wanted to give these awesome apes a shout out myself and congratulate them <3 + +&#x200B; + +https://preview.redd.it/9zv9rx9tdm271.png?width=960&format=png&auto=webp&s=922e358a5b782bb4dbe2216db9c07151a7e7e16b + +Having a friend at a HF is so hot right now.... + +&#x200B; + +# Gamestop stopped geoblocking their website + +As some people over the past week have noticed GameStop has opened up their websites accessibility to worldwide instead of usa only, this is very bullish imo. This because if you look at websites like Amazon they have the same website available everywhere, and the products available change, meaning there is a fairly decent chance we can see a worldwide shift in how they do business. + +Gamestop used to be very different from how their German/Australian/Usa/Canadian stores did business, among which there were different names (GameStop, Ebgames, Gamestopzing, etc) so there is a shot they will be looking into unifying these (given the international recognition the brand now has it would be smart), then adding fulfillment centers outperforming Amazon in delivery time, this is a lot but it all starts with a simple website being accessible to everyone. + +&#x200B; + +https://preview.redd.it/2kbjymkxgm271.png?width=640&format=png&auto=webp&s=7ec71585f8f0cad12e30fbe7eda6ce49b6647c6e + +# DTC-2021-005 + +I just want to remind everyone that this document has been missing for a few months now, it was "offline te be reformatted" due to a "formatting issue", but Gary Gensler has only been working for 7 weeks... + +Not a lot of comments here, just making sure (just like other apes on the sub) that this important document doesn't fade into obscurity). + +&#x200B; + +https://preview.redd.it/lqbadq4zgm271.png?width=500&format=png&auto=webp&s=0b4f0af13e230682fe363ccdee4f60c79562b00d + +# Fud + +A clever ape did a writeup of all the FUD we have already seen and overcome, it's nice to look back because the only way to make sure we don't repeat history is to study it. + +[https://www.reddit.com/r/Superstonk/comments/np3v7r/fud\_campaigns\_weve\_endured\_so\_far/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/np3v7r/fud_campaigns_weve_endured_so_far/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[All apes this long weekend](https://preview.redd.it/a34cd4f1hm271.png?width=717&format=png&auto=webp&s=0e70374e1f291d16d2987eee1116294c5d121172) + +# Etoro + +Now this is the juicy bit, we've seen a lot of speculation on this one, we have seen people extrapolate information from the statement that Etoro has 1.5% of GME holders, then we've seen people think that this means that we have a couple of options + +1. gme has 89 million sharews +2. gme has over 1000 million shares +3. etoro is stating amount of users that they have they have 1.5% (meaning 98.5% of their users dont have gme) +4. something else entirely + +Now we can't answer for sure what this means, I'll be looking into it today and reading peoples DD on this and see if I can form a wrinkle, after that I'll be contacting the CEO from Etoro (full transparency like always: due to some weird happenstance a twitter user put us in contact and we had a brief interaction, hopefully due to having this line of communication open I can ask him a question about this, but again there is no security that he will even answer, nor does he have to as I'm still just a regular ape and not some bigshot), and for the people saying "why the hell would he talk to you?"... dude I've been wondering the same thing 🤷‍♂️ + +Again take these numbers with a grain of salt and a bucket of "inconclusive" + +&#x200B; + +[For \(R\)\/Cohan!](https://preview.redd.it/a8oxbtffhm271.png?width=960&format=png&auto=webp&s=1a948bbe47f2fb794509f9599b92a78139c9de3d) + +# Citadel is filing form D's + +A smarter ape has written a piece about the recent filings of Citadel, namely their form D amendments, and what they mean and what it could imply, give it a read [here](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I wont give a synopsis of this because it's fairly short and well and easily understandable. + +&#x200B; + +https://preview.redd.it/prkjdp8ohm271.png?width=960&format=png&auto=webp&s=6e3b93569773d16ca66b9885f37ed2d629b9822e + +# Parting thoughts + +Now before I go slip back into my cave for the day I do have some thoughts that wont fit in the news stories naturally so I'd rather do it here separate from the rest. + +First of all guys chill the fuck out, there are trolls, shills etc, these people are doing what they're doing for one thing only, to get you to respond on an emotional level, don't get lured out and just relax, remember who benefits from shaking["The jar of ants"](https://www.reddit.com/r/Superstonk/comments/nn5xnf/the_jar_of_ants/)? + +There is no sense of urgency to speculate on Etoro or other traders total amount of shares, this has become a game of patience, if Etoro/degiro/yomama has 10% of the float or a 100%, I believe at this point we've found out that we at least own the float (AT MINIMUM) atleast once, meaning... it doesn't matter how many shares there are (even though it would be cool to know) again, the mantra of "Buy-Hold-vote-zen" applies, be zen, be chill just wait. + +The shareholders meeting, I've seen a lot of people talking in a way that everything will pop off at the meeting itself, don't hype yourself up to much my friend, even though I would love to have this pop off then I believe that the day of the annual sharehodlers meeting may be a sideways day. Again No dates, so only Jaques your tits to about 60%, no full Jaquesing (even if I personally hope it will pop off at the same day, lets remain realistic ;) ) + +And as always, Expect fuckery + +&#x200B; + +https://preview.redd.it/7vwl7b8yjm271.png?width=554&format=png&auto=webp&s=f992f4f07dd3eec3b404596ba1f736fca2eeba48 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/ke1l5aq5km271.png?width=400&format=png&auto=webp&s=b4a0fbd4174f8aeac5e56f5451d9ff692aae6023 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +Edit: + +DFV HAS SPOKEN!, HE IS INDEED A CAT! + +[https://twitter.com/TheRoaringKitty/status/1399727581369409539](https://twitter.com/TheRoaringKitty/status/1399727581369409539) +I am sitting on about 100k€ cash and am in total analysis paralysis. + +I am considering: + +\- Buying an online company +\- Putting it all into a RoboAdvisor +\- Buying a place in The Netherlands or in Sweden, leveraged. + +I have made this cash in a short amount of time and my plan was initially to buy an online company somewhere in the range of 100 - 150k. Now that I'm sitting on the money (which is a lot in my world) I have a hard time taking the step, fearing losing it. Why haven't I already put this into a RoboAdvisor or the stock market? Because of corona, quantitative easing and generally because I don't understand what's going on right now with the stock market. + +Sorry for the rant and perhaps a bit open-ended question but I am really looking for some fresh perspectives to get out of my current mindset. + +Edit: + \- Young 30s + \- No kids + \- Skills conducive to online businesses + \- Beginner level on investments and money management in general. I understand the basics and am managing my income/expenses from a pfm perspective. Have one stock position of about 5-6k which was recommended by a friend years ago. Not keen on doing a lot of research so stock-picking etc is not my thing. +Fortunately I have the chance to put $100 into dividends per week (5,200/year) + and an additional one time $20,000 of savings I have saved. +I wouldn't be new to investing per say just the dividend aspect of it. + +I'm seeking advice on the following - + +How much should I diversify my portfolio in different industries? +How long should I spend on simply checking into my portfolio to see how its doing? +What would be the most consistent stocks that have thrown out dividends, quarterly, monthly or yearly under a yield of 5%? + +Sorry for all the questions. Any answers to any of them will be greatly appreciated, thanks! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I've probably got about almost 10 Amazon alerts since Black Friday. About hey come check out our crazy deals. And each time I go into the app and go to my list of things I'll get in the future. And none of those prices have dropped at all. So get out of here with all that malarkey Amazon, you're lying lol. +**Note:** The term poison pill refers to a defense strategy used by a target firm to prevent or discourage a potential hostile takeover by an acquiring company. Potential targets use this tactic in order to make them look less attractive to the potential acquirer: https://www.investopedia.com/terms/p/poisonpill.asp + +**Article:** + +https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-pill-after-musks-43-billion-offer-to-buy-company.html + +Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced Friday. + +The board voted unanimously to adopt the plan. + +Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed to purchase additional shares at a discount. + +The plan is set to expire on April 14, 2023. + +Such a move is a common way to fend off a potential hostile takeover by diluting the stake of the entity eying the takeover. + +“The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,” the company said in a press release. + +Twitter noted that the rights plan would not prevent the board from accepting an acquisition offer if the board deems it in the best interests of the company and its shareholders. + +Musk already owns a more than 9% stake in Twitter as revealed in a Securities and Exchange Commission filing last week. Soon after his stake became public, Twitter’s CEO announced plans for Musk to join the board. But days later, Musk reversed course and decided not to join the board after all. + +If he had joined, Musk would not be allowed to accumulate more than 14.9% of beneficial ownership of the company’s outstanding common stock. + +Also on Friday, Bloomberg reported, citing anonymous sources, that Twitter brought on JPMorgan to help respond to Musk’s bid. Twitter had already been working with Goldman Sachs and Musk has been working with Morgan Stanley. + +Several outlets including The New York Post reported Twitter was also fielding interest from Thoma Bravo, though it’s still uncertain a bid will materialize, according to sources who spoke to Reuters. + +JPMorgan has history with Musk, suing Tesla over a matter related to his 2018 tweet claiming he had “funding secured” to take the company private. Tesla later countersued the bank. + +JPMorgan, Twitter and Thoma Bravo declined comment. + +In a live-streamed interview at the TED2022 conference in Vancouver on Thursday, Musk laid out his vision for making Twitter’s algorithms more publicly accessible and limiting content moderation. + +He also acknowledged he’s “not sure” if he’ll actually be able to buy Twitter, though he said he does have “sufficient assets” to fund the deal if accepted. Despite his fortune, Musk has much of his assets tied up in equity in his companies including Tesla, meaning he’d likely have to liquidate or borrow against his assets to come up with a large sum. + +But Musk said “there is” a Plan B if his initial offer to buy the company and take it private, which he called his “best and final,” is rejected. He declined to provide further details in the TED interview. + +On Friday, Twitter’s former CEO and current board member Jack Dorsey tweeted that “the real issue” is that “as a public company, twitter has always been ‘for sale.’” +Hi Reddit, + +I'm a first year CS student, and I hope to pursue a career in quantitive finance (Quant researcher, quant trader, software engineer, something along those lines). After my first year, I'll have the option to double major with CS. My options for my second major are: Economics, Statistics, Math, or Commerce (Basically business). In terms of skills required and how it'll look on a resume, which major do you recommend I take? Thank you all in advance! +I feel like I got duped into a auto loan by a dealership five years ago and now I’m free($18,500 when you add it all up, even with the extended warranty added). I officially own my car. I almost don’t regret it as it has come in handy several times in the moving across the country a few different times for various seasonal work but man has it been a struggle some months. Even if it were my last $300, it went to my car. I’ve had to borrow money for my payments twice and have always felt eternally grateful for those individuals that helped me out. I am overwhelmed with this new freedom and it’s only been a couple days since I put that last payment in the mail. I want to share this with the world but really the first person I told was my dad who put his name up for the co-sign. He’s pretty happy too. Suggestions for what I could do with the extra money? It’s been so long since I haven’t had to worry about the 13th of every month that I’m sure I’ll recover from that anxiety, but not sure if it will be for a couple months. +A lesson for all of us here. It looks like a friend is getting lumped with a massive CGT bill for trying to help their dad. + +A few years ago, the dad bought a house. The bank would only lend the dad money if their son was on the mortgage and title of the property. + +The dad bought the house and paid the mortgage. Son was put on the title to get the loan. Now the dad has sold the place. + +The son never contributed to the mortgage and isn't receiving and proceeds from the recent sale of the house. The son moved out of the dad's house years ago and bought their own place. + +Accountant says the son owes CGT in the tens of thousands for the time they lived out of home because they can't claim the exemption for the principal place of residence. The dad wants to put the head in the sand. + +Never go on a title folks! I wish for him there was some way around it, because the son had absolutely no personal financial gain. Oh well, lesson learned. +With all the inflationary pressures we are seeing with staffing shortages, supply chain issues, real estate prices reaching ridiculous highs along with that of commodities, the entire world focused on the war in Ukraine, and a pandemic that’s still ravaging the world, do you think the US/world economy will fall into stagflation or another recession? Feel free to share your thoughts, concerns, etc. +Ken Griffin's most salient moves in the last year have revealed his achilles heel. + +Citadel broke a year-long twitter black out to declare that the claims about Griffin were lies. Griffin gave a bizarrely timed interview about crime to change google search results associating his name with crime. He sued to try to ground the plane with the #KenGriffinLied banner. He had google and twitter scrub their search results to remove #KenGriffinLied. He comes out to talk about being the center of a "conspiracy theory" as a "bad comedy joke." Now he is buying an original print of the constitution to once again manipulate search results associated with his name. + +Ken Griffin and Citadel are a brand. And they rely *heavily* on that brand power to maintain the corrupt system they thrive in. + +First, they require their mega-wealthy investors to pay them 0 fucking attention. They want the ultra-rich focused on their 'Eyes Wide Shut' parties, with no reason to even think about what's going on with their money. If they're sipping cocktails on the beach and a plane flies by saying #KenGriffinLied, that's not great for the brand. + +Second, they rely on the tacit help and support of legislators and power brokers to protect the framework of this system. Kenny has powerful friends. And those friends are willing to help support him, so long as there is little threat this doesn't get any bigger or draw any attention to them. But if Kenny gets too big to ignore, he's going to become too hot to touch; the winds in Washington can change very quickly. + +Kenny has shown us that he can control and mitigate the price to a large degree with his various levers. But he has very little control over what people say about him, and zero clout in the court of public opinion. + +In my opinion, this sub needs to find ways to establish another leg of our strategy here. 1) Buy and Hold. 2) DRS shares. 3) ~~Destroy~~ Expose this brand's association with criminal activity. + +Billboards, articles, hashtags, commercials, publicity stunts, civil dissent. + +Ken Griffin lied under oath, he is a criminal, and his business practices are harmful American businesses. His entire existence relies on sweeping all that under the rug. + +It's time *we* pull the rug *on him* and show everyone what's underneath it. + +edit: Colluding to manipulate the price of a security is illegal. We're not a buying group. But organizing to expose criminal activity and draw attention to corruption is not illegal in any way. +CRM flipped a bunch of household names ([source](https://assetdash.com)) with one of the biggest surprises of earning season. A software, that you would think would be prone to cuts due to the global economic condition, saw increased usage, sign ups, and contract extensions. + +Salesforce reported its first $5B quarter in company history and added another cool **$46B** to its market cap today. + +https://preview.redd.it/bqby8u53ldj51.png?width=1175&format=png&auto=webp&s=ad2f07adc50d7db4ce754932830b4bdf956a5970 +My highschool economics teacher way back in the 90s explained amortisation to our class and my teen mind was blown. + +Since then I've applied the concept to most large purchases. + +Two years ago I got a totally unexpected windfall and after doing the sums, purchased an at home infra-red sauna for 2.75k. + +Prior to the pandemic lock downs I had been visiting day spas to use theirs and the cost was between 25-35 bucks a throw, plus travel to and from. + +I used it 2-5 times per week bringing it to well under 20 dollars a session. Plus, privacy, hygiene and lack of commute to use it is priceless. We have solar and batteries on our current house so the cost of running it is zero on a sunny day. + +What item have you amortised and does it improve your quality of life? +I can't believe that the front page post about porn coins being "the next big thing" has been so massively upvoted. Is it being brigaded? Or do people think it's tagged as comedy? + +Why the heck would we need a brand new coin to buy porn? If I wanted anonymity then surely i'd use one of the already existing, perfectly functioning, time-tested privacy coins like XMR, DASH or ZCASH? Why would I want to take the extra steps of going to some dodgy exchange to buy a coin that I can solely use for one thing? It literally makes zero sense + +Plus, every single of those coins OP listed is an ERC-20 token. I don't know how many of you are familiar with ethereum gas prices (i'm guessing the majority are) but I don't really feel like paying hundreds of dollars in gas fees just to see Tyrone bang somebody's wife. I make transactions with XMR all the time and end up paying a few cents + +Unless i'm missing something here then it's pretty clear that porn coins will NOT be the next big thing +Propaganda on all fronts! This reeks of desperation. The more they push back against retail and GME, the more it confirms that the stock is going to the moon and beyond. I’ve seen all the attacks in the MSM, but they actually paid millions of dollars for a super bowl ad lol! + +Hold and sell when you see those telephone numbers. Or hold forever. Do you. Either way, we 🚀 🌝 + +Edit: [ad](https://youtu.be/4XTdIxmY5UI) +https://krebsonsecurity.com/2017/09/experian-site-can-give-anyone-your-credit-freeze-pin/ + +Two days I posted [How effective are credit freezes in actually preventing identity theft?](https://www.reddit.com/r/personalfinance/comments/70wt2j/how_effective_are_credit_freezes_in_actually/). It got virtually no attention, and I was disappointed, because it's an important question. + +A credit freeze will not 100% prevent identity theft. PIN's, like SSNs, can only be so secure. This discovery on the Experian site is proof of it. + +While a freeze will certainly will make things more difficult for hackers, it is not 100% a guarantee of protection. +The response has been... [enthusiastic.](https://imgur.com/a/T0j7I1h) + +4-plex, 45k in repairs, kicked out old tenants (dont feel bad, if you saw the "before" pics you'd see why), rehabbed entire building + lot, raised the rent by 50%. First BRRR deal. Refinancing in 2 months. Wish me luck everybody!! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +https://promo.bankofamerica.com/multiproduct-oaa/ + +I've met all their qualifying guidelines. + +I've been trying for a week to get BOA to pay this promo. They have made up a variety of excuses like you need a promo code although the offer link does not provide one, etc. + +Avoid Bank of America if you can. I'll be closing my account shortly. + +Is there a way to file a complaint for false advertising? +"Research by the comparison site shows the average adult has $39,439 squirrelled away or enough to live on for 19 weeks should they lose their job today." + +Does the average Aussie really spend $2,000 a week? This seems quite steep. Link to article in comments +...we've ushered in a whole new era at Gamestop. + +On a personal note I'm humbled to be elected to your board and serve as your chairman. We have a lot of work in front of us and it will take time. We're trying to do something to do something that no one in the retail space has ever done but we believe we are putting the right pieces in place and have clear goals: delighting customers and driving shareholder value for the long term. The management team and refreshed board will remain totally focused on these goals at all times. + +We know some people want us to layout a whole detailed plan today, but that's not going to happen. You won't find us talking a big game, making a bunch of lofty promises, or telegraphing our strategy to the competition; that is the philosophy we adopted at Chewy. + +Here are a few things we've done so far: refreshed the board, added technology and retail experience to the leadership team, paid off all our long term debt and strengthen the balance sheet, and we begun laying the foundation for long term growth. Moving forward we want you to judge Gamestop based on our action, not our words. + +Thank you everyone, and as my dad would say, "Buckle up". + +Edit: I have removed the cite to the source. It came from a video (not mine) at the SH meeting and it was requested that video not be taken at the meeting. If mods or anyone want to verify my transcription happy to provide it. +The realtor has been telling me the property owner is a restaurant owner with no legs looking to get out of the rental business. + +I just found out that the owner of the LLC the property is owned in is her husband. + +Is this a conflict of interest ? I just don't understand why she told me it was a legless resturant owner. + +I met her husband and was told he was the home owners handyman. +CREDIT TO u/FATJUUL FOR STRUCTURE AND INFO + +MAY 7th Edit: They have postponed the ruling until June 21st, please see my followup post: https://www.reddit.com/r/Superstonk/comments/n6zgng/nsc002_delayed_for_longer_period_of_comment_and/ + +I haven't seen as much talk about this, yet it is the biggest news to come and IT IS the endgame catalyst. + +NSCC-801 Passed with no objections yesterday. For this rule to enter effect it needs to piggyback on NSCC-002, which if no objections are made again, will be passed this Friday. Let me remind you just how powerful 801 really is... + +Once 801 enters effect, all hedgefunds holding short positions will be monitored Every. Single. Minute. They will have to report EVERY SINGLE MINUTE their value in short positions versus their actual money on hand. If they fail to report or their short position value crosses the threshold where it is higher than their money on hand, it is an immediate warning to deposit the funds needed to cover within ONE HOUR. Failure to do so leads to the NSCC immediately overriding operations and liquidating the hedge funds entirely, one after another until all that is left is the trillions in insurance. + +This is bigger than anything, This is so big, that this rule will prevent a squeeze even a fraction of this magnitude from happening ever again. It is that powerful, and with its implementation of this stage of the game... good lord. + +If NSCC-002 passes this Friday we have officially entered the squeeze. Hedgefunds will be on a leash that gets tighter the more they pull. Starting in after hours and following into Monday, they will be under so much pressure and restriction that one of two outcomes occur: + +1.) Their ability to short will be at such a minimum that our buying power will just break through sell walls and the price will just continue to rise and rise until they can no longer afford to suffer the loss and margin comes a calling, or. + +2.) There will be strong final blows of sell off aggression and shorting, literally out of pure ignorance and recklessness which will activate NSCC-801, and thus the great fall of the hedgies via margin call. + +If 002 passes this Friday, 801 will catapult us into uncharted waters, never before and never again. I am going to run through a wall Friday if 002 passes. That will be the true beginning of the end. Buy as much as you can this week. I expect the lowest price to be on Thursday or Friday pending the objection/no objection clause on 002. Hold. You hold like this will never happen again in your life because if 002 passes I can assure you that will be the case. Practice your breathing when this takes off. + +Edit: as brockm20 said in the comments below: + + +Remember they passed the rule that changed reporting from once a month to anytime for any reason. They can be spot audit unlimited times and for them to run under the radar will require their books to be radioactive. + +Edit 2: I threw this up to let everyone know what is up with the end game posts and the severity of the situation. Nobody knows OP. It's not about OP. It's about digesting the information here. + +FINAL EDIT: + +Yes, DTC-004 and the OCC filings are going to be important - BUT the 801 would NOT be passed and approved without having everything else coming down the pipeline. It makes no sense to have a deadline for NSCC-002 approaching, approve the 801, and NOT have any plan for the other regulations. We may not see any price movement until the other regulations are passed, but the fact that 801 is a go ahead means to me that 002 will be as well; domino effect. +Super stoked. I’m dual enrolled in high school and community college, so I was able to open a college account without a parent co-signing. I’ve been stressing about money my whole life. It feels really good to have it all safe and in one place - six years of birthday money, selling old clothes, tutoring, and lots of odd jobs and miscellaneous bets. I know it’s not enough to subsist on my own, but I feel much better with something to lean on. + +Edit: thanks for the kind words, everyone! +I saw in another post people were saying this isn’t a once in a lifetime correction, but it’s certainly unusual or a more than mild move. Let’s put it in context: + +The last month’s market down move ranks 119th in one month down moves (since 1986) and is a 1.9 standard deviation move. That qualifies it as mild in my book. + +[Source](https://maximumtheta.com/?num_results=500&trading_days=22&start_price=open&end_price=close&next_trading_days=1&next_end_price=close&sort=asc&use_vix=1&vix_limit=100.0&start_vix=open&end_vix=close) +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. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I’ve been debating on what to invest my cash into. + +25 years old +Looking for an aggressive growth ETF +Investing in an taxable account and looking to stay in for at least 20 years. +Want to invest during this time period specifically for building wealth for purchasing more investments in the future. + +I’m wondering if anyone knows all of the fees associated with owning ARK Innovation ETF. + +I understand there is a .75% expense ratio and that it’s taken out of the performance and not a direct payment that needs to be made but does ARKK have any other fees such as short term or long term capital gains taxes on active trading that does have to be paid to the IRS on a taxable account? +Im 25 years old. Is this a recommended portfolio over a 5 year time period, and then maybe switch to more individual stocks, or just keep goin with the same strategy? Or do you recommend other etfs instead? +Thx +I’ve seen this being said since January. + +Stop saying they need to cover, because they’ve been doing that since December with their deep ITM/OTM (can’t remember which one) calls, which is what’s been partially causing this can to be kicked down the road for months now. + +Shorts. Must. Close. Every. Short. Position. + +Say it with me. Say it ten times. Say it to your spouse. Say it to your friends. Say it to your damn computer. + +SHORTS. MUST. CLOSE. + +Edit: bring me your downvotes shills! I've seen what makes you cheer + +Edit 2: u/6days1week pointed out below that it was technically correct when the MSM reported that HFs covered their positions back in January. This is why we should be mindful about what words we use, because that'll be important when this eventually hits the courts and congressional hearings. + +Edit 3: for those wondering if there's a difference: covering a short means you have enough capital to essentially sustain the short position and afford the interest on such position. Closing means you've bought back the share that you borrowed, and have paid market price for it. What we are waiting for is the massive amounts of closings that SHFs will be forced into by Marge & Call. All shorts must be closed. Shorts must close. Shorts close. Short Close. Shoclo? +Edit: **TL:DRS: Citadel swaps are real and RC knows. Citadel is fukct, SHFs are fukct, banks are fukct, markets are fukct, the economy is fukct, its all fukct. DRS your shares and HODL.** + +I’m a quiet ape. I’ve been here since before the beginning, watching, buying, learning. I’m not a financial ape, just a humble ape with a knack for patterns and big pictures. [I have 496 shares purchased directly through CS and 100% DRS in my name](https://www.reddit.com/r/Superstonk/comments/xpkkhz/i_put_my_money_where_my_mouth_is_428_for_the_bot/). Everything below is my own due diligence, is not financial advice. We are individual investors who happen to share common end goals. I chose to share this theory because this community has given so much to me, most importantly this investment opportunity. We become stronger through community, through research, strength in numbers, and in anonymity. Internet points mean nothing to me and I’m happy to forever remain anonymous. + +&#x200B; + +**First, if you aren’t familiar with the Citadel Cycle Swap Theory, or need a refresher**, go read my posted titled [Citadel swap cycles, Headphones, the meme basket, and the tombstone tweet. A detailed look at how we got here.](https://www.reddit.com/r/Superstonk/comments/vn0kyi/citadel_swap_cycles_headphones_the_meme_basket/) "MEME STOCK" = Popcorn. At the time (due to my first post??) even "popcorn" was banned. The rest of this post will make a lot more sense and the read doesn’t take too long. + +Seriously, you’re doom scrolling Superstonk New upvoting purple circles, go spend a few minutes and read it. + +**Then go check out my short update on August 9th** [REVISITED: Citadel Cycle swaps and RC 11 dimensional chess. Recent action hints I was right?](https://www.reddit.com/r/Superstonk/comments/wkhitl/revisited_citadel_cycle_swaps_and_rc_11/) for a fascinating “in the moment” read on what was about to happen, and my call on BBBY. + +I apologize for the term “meme” but im lazy and for this post it works. I detest the MSM use of the term. + +# Tinfoil moon hats strapped on? Buckled up? Let's jump in! + +**Scientific Method** + +*noun* + +1. a method of research in which a problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested. + +&#x200B; + +https://i.redd.it/yngxh0n8nfq91.gif + +In other words, we have a problem: **The major market participants and regulators as a whole are complicit in criminal market manipulation to destroy companies and profit.** + +I’ve gathered the relevant data from Citadel’s own reporting and used readily available market capitalization data to spot a unique pattern. + +Next, we need a hypothesis to test. + +The hypothesis as outlined in my previous posts: + +1. **Citadel (among other market participants) are involved in large off the official books swaps involving GME, Popcorn, BBBY, EXPR, KOSS, BB, and NOK. Ryan Cohen knows this.** +2. RC Ventures has made two large GME stock purchases, each time causing these swaps with popcorn to flip against Citadel. Approximately 133 days after the first swap flip against Citadel, we had the January 2021 sneeze. +3. **August 15th 2022 was approximately 133 days after the swaps flipped against Citadel for the second time. Therefore, these stocks should spike and/or act oddly the week of August 15th 2022.** This spike or odd behavior should be less than Jan ’21 because RC ventures purchase was only 1.6% of the company vs 9.6% in August 2020. + +\----------------------------- + +**THE TEST PART I: SHOW ME THE DATA** + +Pictures are worth a thousand words: here are stock prices, last 3 months for GME, popcorn, BBBY, and KOSS all spiking exactly as predicted: + +https://preview.redd.it/0bnypf9fnfq91.jpg?width=1125&format=pjpg&auto=webp&s=fb69da195ac82717b7beaff6360e3922e5f7eb87 + +&#x200B; + +https://preview.redd.it/4y01qrsonfq91.jpg?width=1125&format=pjpg&auto=webp&s=1843e221a5ceab5858494a31319ec2316a17617a + +&#x200B; + +https://preview.redd.it/wo5duy6qnfq91.jpg?width=1125&format=pjpg&auto=webp&s=b139313e50c793e151b1341f52b601605059ba4e + +&#x200B; + +https://preview.redd.it/do4ngdpsnfq91.jpg?width=1125&format=pjpg&auto=webp&s=61d0b8e2abf14e37c94b1cb23ad7e9e4ffdffc6b + +And my favorite because no one is talking about EXPR, anywhere. It just magically follows and no one would be the aware if it’s buy button wasn’t removed in Jan ’21. + +&#x200B; + +https://preview.redd.it/cnkh2dxtnfq91.jpg?width=1125&format=pjpg&auto=webp&s=f120f9dbcca2a7426c29d001c726e747da33db8c + +Those are some very volatile yet coordinated jumps across a unique set of stocks. It seems like they are pulling up the entire market: + +&#x200B; + +https://preview.redd.it/0lcltravnfq91.jpg?width=1125&format=pjpg&auto=webp&s=ba49ff58d1816fc20b47befefa8eb0a754a72c49 + +&#x200B; + +https://preview.redd.it/fsqxxf6wnfq91.jpg?width=1125&format=pjpg&auto=webp&s=5a46434556e2378bc8274e53fe4bcc8660b137e4 + +&#x200B; + +https://preview.redd.it/5423mi3xnfq91.jpg?width=1125&format=pjpg&auto=webp&s=8d61999940aed0cdee35d09cbb0c970a1b319d5c + +Note: Crypto starts crashing on Saturday August 13th. Liquidity? HKD can only go so far (keep reading for the HKD tie-in) + +&#x200B; + +https://preview.redd.it/vphsky90ofq91.jpg?width=1125&format=pjpg&auto=webp&s=069f5d41ee37ed24933f61fa81183caa2d8618ee + +&#x200B; + +https://preview.redd.it/nigq20b1ofq91.jpg?width=1125&format=pjpg&auto=webp&s=6121912eae31d500499b9c37cf09f6dba1212a59 + +**THE TEST PART II: RC KNOWS** + +**A key piece of the hypothesis is RC’s awareness of these swaps and is making financial moves and communicating via twitter based on this knowledge.** + +[August 16 and 17th RC sells entire BBBY position for $68.1M profit.](https://www.thestreet.com/memestocks/other-memes/ryan-cohen-made-a-very-profitable-trade-with-bed-bath-beyond-stock#:~:text=GameStop%20Chairman%20and%20activist%20investor,after%20the%20news%20was%20released.&text=Ryan%20Cohen%20sold%20all%20of,halting%20the%20BBBY%20meme%20rally) This sale then causes the entire stock market to crash /s + +# Or + +It took nearly three weeks for Citadel and company to swallow the load and we appear to be back on the same algo downward slope as before that August micro sneeze. + +RC ventures has made four declared financial transactions, two GME purchases (technically August 2020 was two purchases 5,800,000 shares and 415,326 making it five total declarations), one BBBY purchase, and one BBBY sale. + +The two GME purchases led to sneezes and the only sale occurred during the second of these sneezes. I lost several nights sleep debating investing in BBBY options after my post in June, I didn’t. However, I think it was a win win for RC. He either gets what he wants from BBBY and can fight Citadel on two fronts, or he pulls the rip cord during the inevitable sneeze. He just needs to know which path within the 133 days. These are my own opinions and, I for one, am happy to see that gain porn! + +**RC knows. Warren Icahn knows.** + +\--------------------------------------- + +**CONCLUSION: HYPOTHESIS IS CORRECT, SWAPS EXIST AND MANIPULATE THE MARKET** + +>Both times RC ventures has made GME purchases, the swaps with popcorn flip against Citadel, and approximately 133 days later all hell breaks loose! To my knowledge, no other theory, or TA projecting this behavior. + +\------------------------------- + +# SO WHAT? Why does the Citadel Cycle Swap Theory matter? + +&#x200B; + +>**It means there are tens or hundreds of millions, maybe billions, of synthetic shares in the market.** +> +>**It means we must HODL! Patience is on our side** +> +>**It means that RC is watching and will strike at exactly the right time.** +> +>**However, for it to be the right time, we must first DRS.** + +&#x200B; + +https://preview.redd.it/7m67i817ofq91.png?width=940&format=png&auto=webp&s=47f730aec3e426134e73bf7a282bee1ffaac3a33 + +—————— + +Thank you for reading. At this time, please slowly and carefully remove your tinfoil moon hat and set it down. Close your eyes. Take a deep breath. Exhale. Breath slowly. Think about what you just read for a minute or...ten. + +**This theory actually isn’t crazy.** + +1. I’ve shown the numbers. +2. u/criand has posted dozens of amazing DD posts. [Go read everything he/she/it/they/them/etc has written here](https://www.reddit.com/user/Criand/submitted/) +3. [September 21st the SEC met to discuss swaps](https://www.reddit.com/r/Superstonk/comments/xil14x/interesting_discussion_going_on_september_21st/) + 1. Credit to u/French_Fry_Not_Pizza + 2. Take special note of the second paragraph: + 3. “**where investor holds long positions in corporate debt** \[GME stock\] **but also larger positions short positions via swaps** \[take my popcorn, i’ll take your GME and sell it short\].” + 4. That sounds exactly like Citadel Cycle Swap theory. Am I the only one? +4. Actually no, because this is exactly what [ARCHEGOS](https://en.wikipedia.org/wiki/Archegos_Capital_Management) was doing. +5. [What does the CFTC, swaps, and the number 741 have in common?](https://www.reddit.com/r/Superstonk/comments/xnz7f8/found_741_its_the_swaps_code_from_doddfrank_act/) + 1. Credit to u/edwinbarnesc  +6. [Boom](https://www.reddit.com/r/Superstonk/comments/xogeng/the_big_swap_those_who_do_not_learn_from_history/) + 1. Credit to u/Kikanbase  + +# BONUS tinfoil hat time: + +Remember that whole HKD thing? That was weird, really weird. Here it is to help refresh your memory: + +&#x200B; + +https://preview.redd.it/p8y6zd8bofq91.jpg?width=1125&format=pjpg&auto=webp&s=e80f25710647b3fde223549a6a45d7613bea36f9 + +It peaked August 2nd and returned to \~$200 on August 9th. If someone sold lots of HKD August 2nd and 3rd, trade settles August 4th or Friday August 5th. + +Monday August 8th pre-market and intraday spikes on all the meme stocks with huge volume. Go look at the charts above and the REVISIT post linked at the top. + +**GME Peaked August 8th:** + +https://preview.redd.it/9f5er65eofq91.jpg?width=1125&format=pjpg&auto=webp&s=e58834784a17f07ef3839d74c2cb55b58c7daf24 + +[And RC tweeted this](https://twitter.com/ryancohen/status/1557541659323248640) + +&#x200B; + +https://preview.redd.it/gla43ymgofq91.png?width=1186&format=png&auto=webp&s=e985374c01bca28656a07082c7b9ceb7e80a86c4 + +# Coincidence? Debate in the comments. +there are many back tests and theory crafting about how buy and hold beats active trading. if that's true, then wouldn't buying 0.8 delta leaps be the solution to beat buy and hold?? + +example: spy is around 420. buy 2 340c dec 23 leaps for 10k each. save 22k for selling naked puts on SPY, and the rare chance when market tanks and you need to roll out the calls. you just got yourself a DIY 2x spy etf plus income out of selling puts + +edit: alot of comments point out about getting wipe out when a crash happens, the leaps would be gone. I would like to point out if you're not buying 100 shares as per above example, you have many ways to manage due to having free cash and cash flow via selling naked puts. the extrinsic value paid could've gain back via premium received from the naked put + +when market crash happens and IV shoots thru the roof, don't forget your leaps would worth quite a bit of money as well. some of us would've experienced it during March 2020. it would take patience and bravery to ride through the crash, but it can be done especially if you have cash reserves like above example + +the point of this post is that many are too fixated about not beating the index long term. personally I don't think it's a monumental task given the tools available on the cheap (leverage, free resources, low/no commissions, etc). one would need properly executed plan and proper risk management and competing index performance should be doable +I made a post about this last night, but it disappeared, so here it is again... + +I'm about to close on a fully occupied duplex in a low crime and LCOL area. Property was originally listed @ $53k, but sat for +100 days and was down to $49k when I went to view the property in person. After walking thru I decided to put an offer in for $45k and move forward with the property inspection. Inspection was done and nothing major came up. The property needs work like floors, windows and a bunch of little things, but overall it doesn't have any major defects. + +Based on the inspection findings I reduced my initial offer to $32k, which we went back and forth with, but eventually we settled on $33k and closing in a week. with those numbers I'll be paying cash and netting about 17% COC each month or \~$500. + +I can't help but feel like I am missing something important. Why is this seller so motivated to get rid of a property that is cash flowing? The tenants seem a little suspect, but I assume that will change when I take ownership and start making improvements. I am told everyone is current on their rents... + +Am I missing something or do you think I'm just being paranoid? +I recently opened a Charles Schwab checking account after reading great reviews from Reddit. I have absolutely loved it. + +However, I ran into a problem today. + +The online Schwab portal stopped updating my transactions past the middle of the month. I had a credit card payment, rent payment, and a paycheck that all should have shown up under my transactions but didn't. + +I contacted Schwab customer service and they informed me there was a restriction on my account due to a pending address verification. So I contacted the relevant department and verified my address. They told me my transactions should be updated shortly. All good right? Nope! + +After waiting half an hour, I contacted them again. Turns out, NONE of my transactions had actually gone through. All of them were either returned/cancelled because of this restriction. They then informed me that I would need to contact each vendor to have the payment submitted again. + +Now here's the worst part: I was never once notified of any restriction on my account. They stated I was sent a letter, but I have opened every piece of mail from Schwab and nothing mentions address verification. On top of that, the account was working perfectly up until the middle of this month. + +I wanted to make this post for anyone that is either considering opening a Schwab account or might have this issue in the future. + +FOR THE RECORD: Schwab customer service was excellent all three times I spoke to them. I also expressed my frustration about the situation, but never once directed it at the agents. I assured them it was not their fault. I still think the Schwab checking account is a great option for a High Yield Checking Account. I would recommend it to anyone. But I wanted to get this out there in case anyone has this issue. + +ALSO: This shows the importance of an emergency fund! I am not worried about my paycheck not depositing because I have the money set aside for this exact situation. Get an emergency fund, folks! + + +Thanks for reading! +My dad just died. We're very poor. He's been sick for a while but very sick for the last month and he hasn't had a source of income for years and didn't have enough "work credits" to qualify for disability or whatever. He was living in a roach-infested trailer that he built himself along with two homeless ex-cons he had taken in (who had nowhere to turn) that would be considered condemned if it were anywhere other than a remote rural area. He lived with my mother and my grandmother. My grandmother suffers from a severe case of paranoid schizophrenia and my poor mom was taking care of them both while working a very poorly compensated job, from which she had taken a break in recent times to care for him. Their only source of income aside from my grandmother's SSI is me, which isn't to say much. + +The house and land are paid off. There are no savings. He was a lifelong alcoholic and he couldn't qualify for life insurance by the time it was deemed to be necessary. All that he asked was to be cremated and buried in the back yard alongside our Rottweiler. + +What's next? What do I do? I'm sorry if I haven't given enough information. What information can I provide to better facilitate useful responses? + +Edit: Probably a bit late but this is in Mississippi. +Per Solana Status - "The Solana network is experiencing an outage and not processing transactions. Developers across the ecosystem are working on diagnosing the issue and to restart the network. More information will be provided as it becomes available." +Just started investing 3 months ago. My goal was to hit $600 in dividend returns by year end. I have just invested $3400 (will be purchasing another $600 worth of stocks when markets open) and have hit $272 in annual dividends and think once markets open I will pass the $300 mark. + + +I am focusing right now on a mix of income funds, EFTs and REITS. I understand I will forfeit some amount of growth but am expecting that the dividend yields will make up for it. + + +Now the big debate is the first $2000 I invested in single stocks (mostly Canadian financial and utilities) should I leave them, or sell them to add to the positions I will continue to build going forward. +Not expecting anyone to build my portfolio for me just wondering if I’ve missed any great stocks, so would appreciate people letting me know their favourites. + +I also understand if you don’t want to tell me. +I love you guys so much. If you were to tell me a year ago that I would've bought xx shares of GME for a slight chance of a better future, I would've laughed. Using some simple TLDR, DD, Ape memes, diamond hands, and rocket ships, you've somehow convinced me take the chance. I've been having trouble sleeping due to the mix of excitement and stress. I pray that this pays off for each and everyone of us. This is the first and hopefully the last stock I ever invest in. I've learned alot over the last two months reading through this subreddt and I truly do appreciate each and everyone of you. Especially the mods. You've helped keep the moral high and the subreddit in order. + +When all is said and done, I hope to be relaxed, with beautiful scenery, and a positive outlook on life. I was in a slump for a while and you guys helped pull me out. Much appreciation and I hope to pass the positivity along to the next. +(Throwaway account for obvious reason) + +Husband and I are slowly heading toward a divorce or separation. We're in our early 30s. Our combined NW is about 4M. W2 income is 400k - 450k each. Married over 10 years (out of college). 2 kids (a baby and 2yr old). + +Neither of us want the other person's money. We want to work on staying friends so we can still be in our kids' lives and co-parent. We're thinking of finding a lawyer who can help us settle things legally without dragging things out. Both of us want the best for our children. + +Please give me some advices on how to best deal with the situation. We want to make sure we don't end up spending a lot of money on legal fees. The most complicated part if probably deciding who will live where. The median house price in our town is over 2M. If we sell our house, it will be hard to buy another place. + +Thanks! +I am beginner in investing. I have read Lynch's and Graham's books. I want to learn more about other investors to gain knowledge. Please gimme some recommendations. Thank you. +Will this country succeed in brining down unemployement and stimulating the economy by injecting millions of new workers (customers) into the economy? or will the pressure imposed on the retirement system be much hard to handle? +Let’s take a moment to laugh at them. + +In the last 24 hours, 48.012 traders got liquidated because of shorts they had placed on bitcoin. A total value of $211 MILLION dollars was liquidated from bears. + +The largest single liquidation happened on Huobi for a value of $2.21 M. + +I don’t know what it is, but seeing bears get liquidated gets me up in the morning. I know that dips hurt us all, but in the end you just know you’ll have this feeling of bears getting rekt again, sooner or later. + +I hope you guys’ morning coffee is as sweet as mine: Milk, sugar, rekt bears. + +Have a great green dildo day friends! +What credit cards do you have? At what point did the equation become less about points and bonuses and more about the perks? Do you have a lot of cards? Have you cancelled older cards or just kept them going for the credit score help? + +For me I have: +J.P. Morgan Reserve with a AU for my wife. + + +Chase freedom unlimited (downgrade from old Sapphire Reserve) + + +Amex BONVOY card (from when I used to travel for work) + + +BofA cash rewards with the 5.25% back from keeping $100k at ML. + + +An old MasterCard I never use but have for a few times I can only use MasterCard internationally. +Most long term investors with dividend stocks think that 3-5% dividends are good. But what are everyones’ thoughts on actually high dividend stocks? Like I’m talking 10-30% dividend stocks. I feel like a lot of people don’t like these stocks and don’t really understand. Why not buy these guys? Personally I like to have some of these stocks but why don’t most people? +Hello! + +I went through all the hot posts in popular sub-reddits and selected the top posts for the week. I excluded GME, NOK, AMC because I'm sure everyone is experiencing fatigue at the moment on why ThE SquEeZe iS nOt SqUoZe. You might think this is very subjective to what I think is "popular" or a quality post, so here were my requirements to be included. + +1. The post must have reached the hot section at any point during the week. +2. Post types that WERE included: news, discussion, due diligence +3. Post types that were NOT included: memes, YOLOs, shitposts, gains, losses, etc +4. The post was included if it met a certain amount of engagement (upvotes, comments). + +These are listed in no particular order. If this is something you guys like I will continue posting this, maybe weekly or bi-weekly. + +&#x200B; + +|Post Title|Tickers| +|:-|:-| +|[AMZN Amazing interview of Jeff Bezos before becoming famous](https://www.reddit.com/r/StockMarket/comments/lba6t3/amzn_amazing_interview_of_jeff_bezos_before/)|AMZN| +|[ZACKS upgrades $BB (BlackBerry Limited) price target from 14$ to 29$](https://www.reddit.com/r/stocks/comments/ldwfm2/zacks_upgrades_bb_blackberry_limited_price_target/)|BB| +|[BB is probably not the next GME, it's probably the next TSLA](https://www.reddit.com/r/options/comments/l8wdmf/bb_is_probably_not_the_next_gme_its_probably_the/)|BB| +|[What I got out of Palantir Demo Day](https://www.reddit.com/r/investing/comments/l61uln/what_i_got_out_of_palantir_demo_day/)|PLTR| +|[Palantir rises from 52nd to 34th holding in ARKW](https://www.reddit.com/r/stocks/comments/l6m2t9/palantir_rises_from_52nd_to_34th_holding_in_arkw/)|PLTR| +|[I draw with crayons so you don't have to. The grind up continues. 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JP Morgan Healthcare Conference presentation below. #BioWar ](https://www.reddit.com/r/StockMarket/comments/l9q8ot/check_out_the_present_and_future_of_bcrx_jp/)|BCRX| +I'm sure this question has been asked before, but I'm a software engineer. I'm not a trader. I have a decent understanding of the terminology and how the stock market 'works' (from a high level stand point, I understand how an option contract works, not saying I know how to necessarily make money with it). + +I've thought about instead reaching out to proven traders and just instead implementing their algorithms for them. In my failing pursuit to become a successful algo trader on my own, I did create a decent 'framework' and web monitoring dashboard (my whole hypothesis was to be able to test/monitor/create algorithms fast and the rest would fall in line...that didn't work, but it isn't completely unhelpful either!). + +Have any of my fellow software engineers ever done anything similar to this? How has it gone? + +A few reservations I've had with doing something like this and from what I've seen: + +- Your DMs will fill up with people who just want to slap a ton of indicators on hoping it will work + +- Unprofitable traders think you'll be the holy grail to them being profitable + +- Traders who take software engineers for granted. This is just a personal gripe lol, but some of these people think 'software engineering' is a 100 line python script + +- The trader just wants to hire you and parametrize their algorithm to protect their age (which is fine because I'm sure these traders have spent countless hours finding that edge, but at the same time they likely won't like the price you had on developing your software either) + + +Anyways, just curious to get others perspective. I'm sure I'm not the first person that has thought of this. Obviously my goal like most people here is to make money, so just trying to vet potential ways to do such a thing. +More and more FUD posts are gaining traction, suggesting MOASS is months and years away. + +The world is in complete and utter chaos, China is on the verge of collapse, hedgies are more fuk than ever, spy ATH, bcoin ATH, loopring (gme?) Announcement due in Q4, MSM actually starting to realise, fuck ton of options expire next week (correct me if I'm wrong) ... add to the list. + +Truth is, no one knows when the muthafuka is gonna blow, but let's get back to hypin' every mother fuckin day. LFGGG. + +Remarkably tickets to the moon are still only $183. + +You know the rest, BUY, HODl and DRS. + +Obligatory 🚀🚀🚀 +I don’t want to post a mega wall of text. But it is truly a blessing to live through such a historic event and witness a single human make such a massive difference across the world. His stake in GameStop piqued the interest of millions to invest into the stock market. This then led to the reveal of how Wall Street has been rigging the game against the world to amass an incredible amount of wealth that was beyond our comprehension. + +~~His crusade against the hedgies who were so over leveraged drew an army of apes that have revealed just how corrupt the entire system is.~~ This has now led us to find that the U.S economy is being shorted by those who invest within it. And sparked reform after reform. He did nothing outright to convince us to invest in it, other than him showing how committed he was to the stock. + +3 months ago when I bought into GME. I wouldn’t of believed you if you told me that my small gamble to get me and my wife out of debt would of led to a massive movement. These last 3 months have been an absolute blast, and I want to thank every single one of you diamond handed fucking apes for hodling. This has been an absolute honor, to the moon! + +*Edit* My bad y’all, I didn’t proof read enough and misspelled his name. Keith Gill, the man, the myth, the legend. + +*Edit 2* A lot of you felt as the crusade part was a bit much and I agree, after reading my post and the responses, this is not a crusade. This entire fiasco is simply us realizing how absolutely corrupt Wall St is. It made us all come together to stand up against the fuckery, to create a better, fair, and true free market. +**ALL CREDIT GOES TO** u/spacedebriss **THIS IS A CROSSPOST FROM DDINTOGME.** + +\---- + +**IS EVERYTHING SHORT?!** + +This is not financial advice in anyway. I think this is all wrong. It has to be. But either way don’t make financial decisions after reading my incoherent ramblings. + +*The only advice I’ll give: Stay safe out there. Be kind to one another.* + +So, I’m not sure if I should label this a Due Diligence. Honestly, I hope someone has some better data and will prove me wrong or someone will point out a fatal flaw in my smooth brain math and drawings. Please, tell me I’m wrong, tell me the answer to the GIGANTIC question I have to begin this with is a resounding ‘NO!’. Or hopefully, ‘FUCK NO! That would be fucking crazy!’. And really that sums up why I’m not sure if this a DD, because it’s mostly questions. Fuck, I have so many questions. Hopefully, this isn’t too much tinfoil. To start: + +Is everything short? Or maybe more accurately. Is there ANY delivery in the market? + +Besides DRS of course. It seems to me that Directly Registering your Shares may be the only thorn in the DTCC’s side. The only thing that will show that Failure To Delivers have been controlling (plaguing) the market for the past... 10 years? 20? + +Really think about that question again. Is the entire market sold short through FTDs? It’s fucking insane. My tinfoil hat might be more of a tinfoil suit in your eyes at this point. + +But please, let me explain, and then prove me wrong. Because that question has been haunting me for the last couple of days and it makes me sick. + +**1993 – The beginning of the end** + +It all could have ended in 1993. But too few cared and eventually greed took over. + +From Dr. Susanne Trimbath’s Naked, Short and Greedy, “Exactly the way that Ray Riley explained it to me in 1993, the fact is the excess supply of shares created by shorts, fails and loans will have a negative impact on share prices that is greater than any outright sale of the shares by an investor. The impact can run to multiples of the issued and outstanding shares. In documented cases, the number of shares being traded – and voted – was 150% of the issued and outstanding shares of a company, even a big company like Bank of America.” (Naked, Short and Greedy PG. 35) + +Read some of that back real quick: + +“**excess supply** of shares **created by** shorts, **fails** and loans **will have a negative impact on share prices** that is **greater than any** outright **sale** of the shares **by an investor**.” + +To me that reads like: the use of FTDs can be used to control prices. + +“In documented cases, the **number of shares being traded – and voted – was 150%** of the issued and outstanding shares of a company, **even a big company** like Bank of America.” + +To me that reads like: Company stocks were short >50%. No company was safe. + +**2003 – The monster is growing** + +From Naked, Short and Greedy, “I quickly recognize that this is the same problem the corporate trust officers like Ray Riley brought to me in 1993, when fails to deliver were around $6 million. In 2003, while I am meeting with Wes in New York, the fails in equities are over $6 billion.” (Naked, Short and Greedy PG. 36) + +Like I said, In 1993 we could have saved ourselves when this was a $6 million problem. In 2003 FTDs are already a $6 billion problem. 1000X over 10 years is impressive growth. I really hope these morons didn’t drive it another 1000X by 2013 to put it at $6 trillion. That’s not possible right? Or even over the next 20 years. They wouldn’t do that right? I honestly can’t say, but I really hope they’re not that dumb. + +Looking at several tickers in the SECs website it looks like FTDs have mostly just continued to go up over time. I’m sure someone smarter than me could do a deep dive on FTD data over time though. + +**2004 – Your vote matters – Or, wait, no...** + +The STA (Securities Transfer Association) puts out a, “white paper in December of 2004 on the role of short sales in over-voting for corporate elections.” (Naked, Short and Greedy PG. 51) + +The white paper is titled: “Treating Shareholders Equally”. The conclusion of the white paper? “some unauthorized parties are being allowed to vote while real owners unknowingly lose their voting rights.” (Naked, Short and Greedy PG. 51) + +Over-voting is starting to uncover the FTD nightmare. Maybe your vote does matter. Or, wait, no... + +**2005 – A very very very important year for FTDs** + +“Just four months after the STA’s white paper is released, the Securities Industry Association (SIA) sends a letter to the NYSE describing how they can hide over-voting caused by shorts, fails, and loans.” (Naked, Short and Greedy PG. 52) + +Companies have way more votes during shareholder meetings than should be possible. So, the answer is to get to the bottom of why there are more votes, right? Nope, the over-votes are the problem. It’s curing the symptoms and ignoring the disease. + +Remember when we all thought our GME votes would flood through their system and all the fuckery and what we now know are FTDs would finally be revealed? Ah, to be young and naive again. I’m sorry to say it, but unfortunately, we were wrong and very late on that one. They were making moves to patch that hole in 2005. I know I’m not the first DD to figure this out about the vote, but it’s important so I’m covering it again. + +“When the STA surveyed their members about the corporate voting experience around the time of the SIA letter, it showed that **over-voting occurred in more than 90% of corporate elections**.” (Naked, Short and Greedy PG. 53) + +Five months after they start looking to patch the over-voting problem, “the NYSE would remove the mandatory buy-in rule, which could have been used to force a seller to deliver shares by allowing the buyer to purchase the same shares on the open market and to charge the cost back to the original seller.” + +2005 is a VERY important year for FTDs. Over-voting is revealing the FTD fuckery and buy-ins are allowing for forced delivery. So, naturally they get rid of both. + +They make a few big moves in 2005 to protect FTDs. + +**2006 – Hahahaha wait what?** + +“On an average day in March, unsettled trades amounted to more that 750 million shares in almost 2,700 stocks, exchange-traded funds and other securities…” (Naked, Short and Greedy PG. 85) + +There were 750,000,000 FTDs on an average day in March 2006?! 750 million? Do I have that right? + +I know how you all love the ‘fines’ (pay-to-crime) in Wall Street. This one might be a contender for one of the most infuriating fines of all time. In 2006, “a major bank was fined $1 million for failing to exercise due diligence. The firm had allowed their over-voting service subscription to lapse and had failed to adjust votes to prevent over-voting in 12 out of 15 instances tested, according to an announcement by the NYSE.” + +Haha seriously? Some people point out over-voting is an issue in 2004. They implement a plan in 2005 and by 2006 they’re fining banks for over-voting. Why aren’t they fining for non-delivery of the shares? + +In 2006, “the STA found over-voting in every corporate election surveyed.”(Naked, Short and Greedy PG. 53). + +They found over-voting in **every** company’s shares? How in the fuck? + +**WAIT STOP!** + +Later when I’m on page 92 of Dr. Trimbath’s book I read something that stops me in my tracks. It’s in a letter from the SIA (Securities Industry Association) to the NYSE in 2005. + +“since on average only 35% of clients usually vote” (Naked, Short and Greedy PG. 92) + +Now, this is where again, I hope I’m wrong. I hope I’m a smooth brain and this DD will just fade away as another Ape misstep on the journey to MOASS. Tell me I’m wrong about the entirety of the market being a complete fucking sham. Then again, I think a lot of you are going to go, “yeah, duh.” + +Maybe, those numbers have jumped out at you already. My head nearly exploded when I connected them and I haven’t been able to think about much else since. Let me see if I have this correct? In 2005, 90% of companies had over-voting. (In 2006 it was all the companies they surveyed.) At the same time in 2005... only an average of 35% of clients voted? + +How the fuck does that work out?! + +https://preview.redd.it/v0pc5tx3xjj91.png?width=1920&format=png&auto=webp&s=c1dc05750aa83ce6abd934b45d63ace7b31fb840 + +Over-Voting in 2005 + +A company has 100% of their shares outstanding. Only 35% of clients vote. Then vote counts should be around 35%. If you’re getting an over-vote then that means there are a MINIMUM of 65% shares short. + +Were 90% of companies sold 65% short AT A MINIMUM in 2005? Was every company’s outstanding shares inflated to >165% through FTDs in 2006? Has it only gotten worse today? + +**TIME-DELAYED-ARBITRAGE** + +Someone will hopefully come up with a better name for this. Hell, it might already have a name, but this is what I’ve been calling this fuckery. Time-Delayed-Arbitrage. First, there’s an important question behind FTDs that I’m not sure it’s possible to answer with the info we have. Do FTDs ever need to be closed? Does delivery ever actually need to occur? + +According to Naked, Short And Greedy, the answer seems to be no. + +“when settlement failures are added to the picture, then the shorts have no incentive to cover. The trade is allowed to remain unsettled indefinitely; there is no margin call because there is no loan.” (Naked, Short and Greedy PG. 77) + +So, back to my smooth Time-Delayed-Arbitrage theory: + +https://preview.redd.it/eu7498r5xjj91.png?width=1920&format=png&auto=webp&s=2bd2fb75d77ffd7a539b9ee5fb1c3e7e07381aec + +Time-Delayed-Arbitrage + +Or in other words, let’s use the car analogy that floats around a lot. It’s not perfect because it doesn’t take the most observant person to notice if a car isn’t delivered, but let’s say retail is a bunch of idiots. I sell some moron a Lambo for $1,000,000. But the market is so fucked that I can take as long as I want to actually deliver the Lambo. A year later, I see the same Lambo on sale for $900,000 from some other idiot. I buy the discounted lambo and finally deliver. + +I just made $100,000, had that $1,000,000 for a whole year to do whatever I want with, and some moron just got a depreciated Lambo worth $900,000. I basically got a $1,000,000 loan for a year and then got paid $100,000 in interest for taking out the loan. Hell, maybe I'll turn around and offer to buy his lambo for $850,000 - it is a year old after all. + +If you’re a greedy asshole, why wouldn’t you do this? + +**LET’S BRING OVERNIGHT REPO IN FOR A QUICK SEC. WHY NOT?** + +“The buyer’s broker-dealer gains this time-value of the trade’s cash over the fail interval by investing any end-of-day cash into investment vehicles such as overnight repurchase agreements that allow them to earn interest on idle cash balances.” (Naked, Short and Greedy PG. 54) + +They take retails money and use it as an interest free loan because they don’t have to deliver anything? Cool… + +**JANUARY SNEEZE – FTD NIGHTMARE 1** + +**SUBTITLE: PAYMENT FOR ORDER FLOW – Ha, did they fuck themselves?** + +Order flow is clearly very important. They say PFOF isn’t important, but then turn around and pay hundreds of millions to access it. Data is knowledge. Knowledge is power. And with great power comes great responsibility. Too bad that power is being abused. But did they fuck themselves with PFOF? + +With PFOF came free trading and Vlad’s app and the “gamification of wall street”. More people flooded into trading and suddenly retail was throwing more money at the stock market then ever before. + +A dream come true for FTD ‘Sellers’ at first. More morons giving them money for stuff they never have to deliver. They must have been raking it in at first. + +Then the January Sneeze happened. + +https://preview.redd.it/6l4sdyi7xjj91.png?width=1920&format=png&auto=webp&s=32f27b5e96fdb8e09053bf00d1de464ca0b5bfd9 + +January Sneeze Loop + +They were stuck in a loop of their endless FTDs, but at the same time retail just kept buying and just kept sending the price higher and higher. They were so fucked! And still are! + +Let’s take a look at that dumb Time-Delayed-Arbitrage graphic again, but this time add the FTD Nightmare Loop. The place where you get stuck when Retail starts to clue into your game and can’t be so easily scared off. + +https://preview.redd.it/h8re9409xjj91.png?width=1920&format=png&auto=webp&s=e342e33afa29907e822a923aabf8b3a3b185c901 + +FTD Nightmare Loop + +And we all know how that ended. They just turned off the buy button. They tried to stop the game. Let’s face it, they scared off the majority of retail when they turned off the buy button. They killed the fomo. But they failed at killing the hodlers – something they’d never seen before. + +But you beautiful Apes didn't stop doing researching and digging into their fuckery. And eventually we uncovered their Achilles' heel: DRS. + +**SCHRODINGER’S SHARES and DRS – FTD NIGHTMARE 2** + +Is it possible to tell if a share held in a brokerage account is real or not? If you hold shares in a brokerage account, do you really own shares? Or do you have more of a Schrödinger's Share? + +“When regulation SHO was proposed, commenters noted difficulties tracking individual accounts in determining fails to deliver” (Naked, Short and Greedy PG. 74) + +Brokers don’t know if you have an FTD or real share sitting in your account. So how could you know? + +“How tragic the problem has gone this far; that not only do the broker-dealers not know whose shares are bought, sold and lent, they can’t even tell if a selling customer has delivered shares.” (Naked, Short and Greedy PG. 74) + +The only way to figure out if you are hodling real shares is to DRS. Or in other words, DRS is the only way to open the box on your Schrödinger's Shares. FTDs allow them to take your money and never deliver your shares. DRS is the only way to force them to deliver. DRS is the only way to confirm your shares are REAL. + +**$6 Trillion in FTDs?** + +Remember when I asked if $6 trillion in FTDs these days is too insane to be real? + +The DTCC processed a record $2.15 quadrillion of financial transactions in 2019. + +From Naked, Short and Greedy: + +“If only 1% of DTC trades fail and DTC settles $1 Quadrillion of trades a year, then $10 Trillion worth of trades fail a year. This is not a small number. DTC indicated that 85% of all fails are settled within 10 business days. If fails occur in a random market, the dollar value of fails that exceed 10 days would be $1.5 trillion.” (Naked, Short and Greedy PG. 54) + +In 2003 FTDs are a $6 billion can of shit. $6 trillion is an insane amount right? + +A mere 1% of trades failing on $2.15 quadrillion in 2019 would be $21.5 Trillion. Based on Dr. Trimbath’s math, FTDs exceeding 10 days could have been worth $3.225 trillion in 2019. + +Oh boy, please, I’m begging someone. My math is BS… right? + +**LOANS, PENNIES, and** **MUH LIQUIDITY? - BENEFITS OF FTDs to WALL STREET?** + +So it’s obvious why someone like a Market Maker would be down for flooding our entire market with FTDs, but why does the rest of Wall Street go along with it? What do BlackRock and other huge Institutions get out of this? + +Honestly, this could use a lot more research and DD. But here are some of my thoughts. + +1. LOANS – The DTCC and other institutions make money off of loaning shares. Say one of our FTD ‘Sellers’ get screwed and are finally forced to deliver because some moron retail investor wants to DRS their shares. Instead of closing they take a loan of shares from the DTCC and deliver those to be DRSd and kick-the-can another day. +2. PENNIES – Maybe bullshit, but it would make sense to me if there are several players and middle men throughout the system who are making pennies on every share trade they facilitate. Here’s some simple math – if you make a penny on 5 million trades it comes out to $50,000. If some other asshole floods the market with FTDs and suddenly you’re making a penny on 500 million trades, it comes out to $5,000,000. +3. LIQUIDITY – If you’re a Blackrock and you own a massive chunk of the entire market, then some asshole flooding the market with FTDs and creating massive liquidity would be a good thing for you right? It’s easier for you to make massive plays with your gigantic bags if the market is incredibly liquid. Let the other guys worry about sticking retail with the bag in the end. + +I’m sure there are other ways that Wall Street benefits from FTDs flooding the market. Maybe you can poke holes in one of these, please do. This DD is more about whether or not the entire market is short by at least 65%, the list above is more to start thinking about how FTDs could be good for everyone. If they weren't, Blackrock or the SEC or DTCC would have stopped them by now. This needs way more research in my opinion. + +**IDIOTS SYNCHRONIZING THEIR RISK** + +So, I believe that in our current market, there is a huge incentive to accept payment and then failure to deliver on any and every share you possibly can. I believe ‘Sellers’ have pumped so many FTDs into the market that it’s impossible for them to close them all. Two years ago I would have called this a crazy conspiracy. Today I think it’s possible that the entirety of the market could be oversold by a minimum of 65%. + +Kenny G’s not the only one out there selling FTDs. I believe FTDs are a systemic issue within Wall Street and they’ve spent the last 20 years turning the entire market into a ticking bomb. Now they’re mad we pointed it out. + +All of Wall Street is being held hostage by the FTD monster they allowed to fester and the risk to the market is slowly becoming undeniable. + +**WILL MARGE EVER CALL?** + +Personally, I’m not holding my breath for a margin call. Who would be making that call? The DTCC? They have a lot of incentive to keep this racket going and to not let the secret out. SEC have no teeth. All of Wall Street must have every incentive to maintain the status quo. + +**FAILURE TO DELIVER** + +The problem is they refuse to deliver and no one is forcing them. It's like signing up for Prime one-day-shipping and ordering a dildo to fuck Wall Street with, but then Bezos says, "Nah. I'll deliver when I feel like it." + +DRS is the only way to force that delivery. + +**WHAT NOW?** + +I really wish I knew. All I can say is it seems that Wall Street has created a system that not only relies on FTDs and every company being oversold, but has found it to be incredibly fucking profitable. + +And if you’ve made it this far then you may be entertaining the idea that the entire market has outstanding shares sitting at a minimum of 165% due to FTDs. + +When GME is completely DRSd and GME shareholders all over the world are left scratching their heads when they still have shares sitting at their broker... + +The news will spread like wildfire. Fomo will be insane. Brokers will be pointing the fingers at each other and Market Makers. Everyone will be pointing fingers at the DTCC. They’ll try to point fingers at retail, don’t let them. It will be pure chaos. Apes will be zen. + +Then, if this DD is right, hopefully the lid will blow off. Hopefully DRS will become a widespread movement throughout retail. Give me that DRS fomo. + +What happens if more companies start being completely DRSd? + +Could MOASS lead to a DRS wave? Could a DRS wave lead to some sort of... + +Everything Squeeze? + +Lol, no. That would be too crazy. Right? + +**SUMMARY – TL;DR** + +Is the entire stock market a fucking sham? I’m not sure it’s really possible to answer that question with the info we’re given and the opaqueness of our financial markets, but I really think it might be. + +FTDs have the possibility to create a massive loophole that allows those with money to game the entire system and pull money from retail investors. I believe they take our money, delay delivery indefinitely, use the money as a loan however they like, then just wait until it benefits them to deliver. Or ideally, the company goes bankrupt and they never have to deliver anything. + +It’s possible everything is sold short. It’s possible MOASS leads to a wave of DRSing. It's possible a wave of DRSing in all stocks leads to an Everything Squeeze. It's possible I’ve lost my mind. + +Sorry for the length. Thanks for reading. + +Again, no financial advice here. +This will be my first time owning property. +Some fast facts: +- offer was accepted at 95k +- 3.5% conventional loan +- Unit is in Albany, Georgia +- I have 40k cash on hand +- 4 units as separate houses on one parcel of land +- there is currently one tenant who had been there for 17 years and she pays below market value at $400 +- 3 other units are unoccupied +- found people to fix up cosmetic (which seems to be the only thing needed so far until I get an inspection) labor will be 5500 for all units plus yard work +- I do not live in the state of Georgia, I'd have a property manager do everything +- it is estimated I can charge 550- 600 per unit + +I just wanted opinions on this before I'm completely locked in. Thanks +We’ve all see the headlines about SHIB and others, *$1000 a year ago would be millions today,* but at the point when you would have needed to invest to have those gains today — they weren’t different than most of the hype coins that landed people in the red. + +Shib took off yes, don’t misunderstand me — I’m perfectly happy with that. But the gamble those holders took **then** is way underestimated **today** now that everyone knows of it. + +The dozens of other coins that fucked people hard — don’t make for as good of a one year equation. I took the liberty of going through the **most popular** moonshots posts from a year ago.. to bring you some examples: + +- BEYOND PROTOCOL - “bigger than Bitcoin and ETH combined” is the slogan and it was the most popular post in the last year, $1000 a year ago would be worth $647 today + +- BabyKrypto - only 47 days old but if you bought $1000 worth when they started advertising it on Moonshots, you’d have $125 today + +- $1000 in SHIBAFEVER would have gotten you 77 million coins just a week ago, worth $153 today + +After this we started getting into rebase tokens where the “price” doesn’t move they just “adjust” the tokens that you hold, but you can’t sell either so I’d say $1000 into those burned up pretty quickly. + +- There’s also Floki Jr, Floki New York, Micro Shiba and Chopper Inu, Catch Doge, Doge back, and Robo Doge that I can’t even find accurate information on.. but I’m guessing those didn’t make many crypto millionaires. + +Anyway, I’m seeing a lot of posts asking how to jump on a newly listed coin first and where to find them, and I just wanted to say .. I don’t even think those that have held SHIB for a year give themselves enough credit for how big a leap they took. This style of investing breeds a lot more losers than winners, and winners rarely stop there and cash out — they’re on the hunt for the next opportunity to lose money. + +**Do whatever makes you happy — but I think we need to see more of the whole picture** +Currently it is at 79.36 + +What are your thoughts? + +[https://economictimes.indiatimes.com/news/economy/indicators/nomura-flags-rising-current-account-deficit-says-rupee-could-sink-to-82-against-dollar/articleshow/92675080.cms](https://economictimes.indiatimes.com/news/economy/indicators/nomura-flags-rising-current-account-deficit-says-rupee-could-sink-to-82-against-dollar/articleshow/92675080.cms) +The BTC that I deposited into GDAX on 11/30 has still yet to be credited to my account (tx has over 4000 confirmations). This is after having no issues with gdax for years. + +After calling, emailing, and receiving only template responses at best from Coinbase, I’m at a loss for what to do. + +If you’re considering trading, please for your own sake check out alternatives. I’m not saying Coinbase is a fraud, I’m just saying they’re spread too thin in case you actually do need to get in touch with their staff. I’ve personally moved all btc to fiat and fiat to btc to Gemini. + +edit: case ID 2652513 +[relevant blockcypher of btc tx](https://live.blockcypher.com/btc/tx/851043e1679cb8738ca39b5490da40a5dd6baefa7f4ee796dd4c666f478c4bdf/) + +edit2: WE DID IT!! Finally received a real response from support, and got my btc credited. Definitely not a coincidence, guys. Thank you all for the upvotes/help! + +Some of you may have seen the recent hurricane that hit the Texas/Louisiana border. It was a massive storm that completely ruined the city of Lake Charles, LA. My town was going to be ground zero until a couple hours before the storm hit. It veered East and we were spared the complete devastation. + +We evacuated Tuesday because our mayor begged people not to stay behind and risk their life. My company drug it’s feet on whether we would be “allowed” to evacuate. It wasn’t until the judge issued a mandatory evacuation that we weren’t forced by work to stay. + +I woke up today and found out that our town and home were safe and sound. The storm passed around 5 am. I got a call from my boss around 10am asking when I was coming home. Our regional manager is now furious that we are not at work today (5 hours after the storm passed) and that we are abusing this to take a vacation. I told my boss that this was no vacation. Wondering if the house I’ve worked my ass off to have would be ripped to shreds. Wondering if the nursery we have put together for my future son would still look the same. Instead of sympathy from management, the employees were treated like an enemy of the company for trying to keep their family safe. + +I ramble so much about this because I work with people who have to take this treatment. Paycheck comes in, paycheck goes out. They have to endure it. I’m not close to my FI goal, but I know that on the horizon I will be able to walk away from a company that has reduced me to just a production number. + +It is important to keep strong on the journey. I have questioned if it’s possible to be free one day, but now I know that not only is it possible, it’s necessary. +EDIT: IT PASSED!!!! + +House Formally Advances Federal Marijuana Legalization Bill For Floor Vote, With Praise From Pelosi + +By: Kyle Jaeger March 31st 2022 + +The U.S. House of Representatives on Thursday approved the final rule to advance a bill to federally legalize marijuana to a floor vote, which is expected to happen on Friday. + +Members on both sides of the aisle were given the chance to debate the final rule for the process to consider the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act that was approved by the House Rules Committee on Wednesday. And Rep. Ed Perlmutter (D-CO), who served as manager of the rule for the floor debate, took the opportunity to put pressure on the Senate to finally act on cannabis reform. + +https://www.marijuanamoment.net/house-begins-debate-on-federal-marijuana-legalization-bill-with-praise-from-pelosi-ahead-of-floor-vote/ + +{ "The House is acting again this week to urge the Senate to finally pass meaningful cannabis reform legislation," Perlmutter said, adding that the House has passed his more incremental marijuana banking reform bill six times without seeing action in the opposite chamber. + +"The House will pass the MORE Act this week," he said. "It is clear that Congress needs to reform our broken cannabis laws to better respond to the 47 states across the country who have [legalized] some level of marijuana use." } + + + +Edit: April 1st 2022 + +The House is once again poised to pass legislation to decriminalize marijuana at the federal level. + +The Marijuana Opportunity Reinvestment and Expungement Act, known as the MORE Act, would remove marijuana from the controlled substances list, leaving it up to states to set their own laws. It would also release people incarcerated on cannabis-related offenses of less than 30 grams and expunge criminal penalties associated with those who manufacture, distribute and possess it. + +https://abcnews.go.com/Politics/house-set-pass-legislation-decriminalizing-marijuana/story?id=83763719 +Okay, what the fuck. We all apply cutting-edge technology and robust statistical methods to the same markets as everyone else. Why aren't there more successes? How is it that even those perceived to be the upper echelon of finance, quant funds, still don't even beat benchmarks? + +Honestly, it looks like there is no alpha to be found at all, anywhere. Quant, fundamental, distressed, whatever. When someone devotes years of their life and education towards something, usually the end result is skill and mastery. What's the catch we aren't seeing? Hell, even most professional Poker players can get a consistent edge over bad players. What makes the markets so difficult? What makes it so interesting to try? + +Obligatory: My portfolio is pure beta, so no, I'm not a sore loser. +Okay, what the fuck. We all apply cutting-edge technology and robust statistical methods to the same markets as everyone else. Why aren't there more successes? How is it that even those perceived to be the upper echelon of finance, quant funds, still don't even beat benchmarks? + +Honestly, it looks like there is no alpha to be found at all, anywhere. Quant, fundamental, distressed, whatever. When someone devotes years of their life and education towards something, usually the end result is skill and mastery. What's the catch we aren't seeing? Hell, even most professional Poker players can get a consistent edge over bad players. What makes the markets so difficult? What makes it so interesting to try? + +Obligatory: My portfolio is pure beta, so no, I'm not a sore loser. +A fairly common (but not universal) belief among FIRE advocates is that earning money once you are retired is easy. That you can always go back to your old career, or monetize some hobby, or get a part-time job doing something you love, or (at the very least) start driving for Uber. + +Mr Money Mustache is probably the prominent advocate of this line of thinking. + +>Kentucky normally processes 2,000 jobless claims a week but received more than 9,000 claims on Tuesday alone. + +Given we're currently in a largish market crash, how many people are looking around right now thinking, "Yeah, this would be a good time to look for a job if I were retired?" Are there any recent retirees considering going back to work? What work are you considering going back to? +Obligatory throw-away account. + +Bottom line, my mom is financially unstable and I want to know what resources there are to begin to fix it. I know there is no overnight fix but I’m not sure where to begin. + +She has gotten herself tremendously into debt and relies completely on my step-dad financially. She has a great job actually making more than he does, but she relies on him for food and a roof over her head. Her bi-weekly paycheck may last at most a week. They have had marital issues for a while and if he leaves I have no idea what will happen to her or my teenage brother. Inevitably I will end up having to completely support her and I want to get help before it comes to that. He has told me they probably will end it once my brother graduates high school (less than 3 years). She has virtually no financial knowledge and is completely uninterested in becoming financially independent/stable to my knowledge. She also has not seen any repercussions as someone is always there to give her money when she can’t make rent, etc. + +I recently found out that my step-dad has only been putting minimal effort into keeping her accountable. He is (we think) aware of what loans/etc. she has and has provided her with a budget, but still keeps having to give her money beyond what he should. He states he has has no idea where the extra cash is going but admits to not following through to find out. She has filed bankruptcy twice and has taken out many payday loans. But I do not know yet the actual extent of how bad her situation is.... I’m under the impression that she is not being entirely honest with him. + +I have only very basic financial knowledge myself, so I want to have all the resources and knowledge I can before I confront her. I want to protect the future of myself and my own family. + +We are in the US if that matters. + +TLDR; Mom is severely in debt and financially dependent on step-dad. Most likely divorcing soon. Need to know what resources there are to help her become financially stable before she becomes completely dependent on me. + + + + +EDIT: Wow... I am struggling to find the right words. Reading as many comments/messages as I could during breaks at work, I’ve been fighting back tears of relief all day. + +I want to genuinely thank each and every one of you for taking the time to not only read this long depressing post, but offer your suggestions and support. This has been a dark cloud of anticipation over my head for quite some time (parents have been rocky for a while). I saw the future I’ve worked so hard to build for myself being slowly ripped away with every paycheck. I posted this expecting a couple responses with websites and types of financial advisors so I could do more research when I got home from work. But instead... this beauty. The idea that I would be hurting more than helping never crossed my mind, nor did the glaring fact that she doesn’t *want* to be helped. Why would she? She’s got the gig. But also the fact I was most blind to... that this is her problem and NOT mine. + +I plan to talk to my step-dad tomorrow. I know he believes he’s helping the family rather than enabling her. I’ll give him the insight and build him up like you guys built me up, but also let him do with that what he will. Because I’ve got my own stability to worry about!!!! They’re grown!! (See guys, I’m learning!) I promise to update if anything worthy posting comes of all of this. + +Just... thank you guys. You saved me from making a big mistake. +...we've ushered in a whole new era at Gamestop. + +On a personal note I'm humbled to be elected to your board and serve as your chairman. We have a lot of work in front of us and it will take time. We're trying to do something to do something that no one in the retail space has ever done but we believe we are putting the right pieces in place and have clear goals: delighting customers and driving shareholder value for the long term. The management team and refreshed board will remain totally focused on these goals at all times. + +We know some people want us to layout a whole detailed plan today, but that's not going to happen. You won't find us talking a big game, making a bunch of lofty promises, or telegraphing our strategy to the competition; that is the philosophy we adopted at Chewy. + +Here are a few things we've done so far: refreshed the board, added technology and retail experience to the leadership team, paid off all our long term debt and strengthen the balance sheet, and we begun laying the foundation for long term growth. Moving forward we want you to judge Gamestop based on our action, not our words. + +Thank you everyone, and as my dad would say, "Buckle up". + +Edit: I have removed the cite to the source. It came from a video (not mine) at the SH meeting and it was requested that video not be taken at the meeting. If mods or anyone want to verify my transcription happy to provide it. +Earnings: $2.14 adjusted vs. $1.72 per share expected. + +Revenue: $7.38 billion versus $7.02 billion, expected according to Refinitiv. + +The company’s automotive gross margins were down slightly year-over-year and sequentially at 22.5% for the quarter. The company said it had already begun a production ramp for Model Y, its newest crossover SUV, at its Fremont, California car plant. The company also has plans to build the Model Y eventually at a factory it plans to build in Brandernburg, Germany in 2021. + +For 2020, Tesla said vehicle deliveries should “comfortably exceed 500,000 units.” + +https://www.cnbc.com/2020/01/29/tesla-tsla-earnings-q4-2019.html +Hi all, please let me know if this is not the right place to post. Posting from a throwaway account. + +I've been working at a small company for about a year now. It's always been pretty unorganized, and currently I am already looking for new jobs. I am not an employee, but a contractor. In my contract, it's written that I am to be paid XXXXX amount biweekly, for a total of XXXXX per year. + +To make a long story short, I was paid consistently late, or receiving only parts of my typical paycheck for about 4 pay periods back in March. Was quite stressful and annoying, but my boss consistently spoke with me and claimed he was "working on it" with a new excuse every day for why my pay was not coming on time. Eventually, I got my pay needed, but very late. I have also kept a running list of every time I was paid, how much, and when the pay was supposed to come, for my own sake to make sure I'm being paid properly. + +Boss claimed the issue was fixed, and pay is automated now. Pay came on time 2 pay periods ago. It's fixed! Things have gotten worse, now, though. + +I was supposed to be paid 2 weeks ago, and nothing came. I emailed my boss. No response. Followed-up next day, no response. Called, texted, no response. It's now been 2 weeks, and I am to get paid again tomorrow, 2 paychecks worth at this point, and have still heard nothing. I texted another guy I work with and he received one text from my boss last week saying my boss has "been so busy." + +Other than that, I've heard nothing. It's a very small company and ultimately my boss is the only one with power to pay me. The HR person quit a few months ago, and no one else was hired on. I have a little bit of money saved up (I live in a VHCOL area), so I can probably make it this month, and I'm already looking at new jobs. I know the company has the money because I was hired with 4 years of funding available for my position. + +How do I get in touch with my boss and how do I get paid? Is it too much to keep calling? I'm just being ignored I think and have no idea what to do. I'm quite stressed now, but I also acknowledge how fortunate I've been to be employed this whole time. It's all quite bizarre. + +Thanks for any and all advice! + +Edit: Thanks everyone for your help. I'll definitely be looking into the labor laws of my state and apply to way more jobs than I have been. + +Edit 2: Sorry for the delayed responses. I was out for a walk earlier. To answer some questions, this is my first job, and my knowledge on employee v contractor was quite weak until now. Fairly certain I've been misclassified this whole time. Feeling like a big ol idiot now haha. I am in New York. I am fully job searching. I will be researching the laws, my rights, etc via the dept of labor tomorrow. Thanks so much for all the helpful information, kind strangers. I really appreciate it. + +Edit 2a: Woah! Did not expect this to blow up so much! I'm having a hard time responding to all the comments but I am reading them all and appreciate them all so much. +A recent freakonomics podcast cites a study that links an early retirement and cognitive decline: + +[https://freakonomics.com/podcast/am-i-boring-you-a-new-freakonomics-radio-episode/](https://freakonomics.com/podcast/am-i-boring-you-a-new-freakonomics-radio-episode/) + +Researchers hypothesize that the lack of everyday mental exercise (at work) leads to the atrophy of our "brain muscles". While the study is correlational, the authors are "fairly confident" that this effect is causal. + +How do you exercise your mind, dear fellow retirees? +I'm going to have a little cash on hand in about 5 months and I like the idea of plowing it into a rental property. Everything in my part of the US is absurdly overpriced (and I think due for a correction) and I'm a little unnerved by the idea of being a landlord from far away. Where would you folks spend $180k cash right now or would you at all? Is it better to sit tight and see what the market does? +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? +Just when I moved my money to supposedly safer options like the larger names in IT, this happens + +https://timesofindia.indiatimes.com/business/india-business/anonymous-employees-allege-infosys-is-dressing-up-its-books/articleshow/71681913.cms + +It is becoming really hard to invest anywhere in India! +Congratulations to all that have held since the beginning, congratulations to all that have accumulated since 2017, congratulations to all the ones that just bought last night. You all have helped ETH reach a new all time high. This is a great moment in crypto. Congratulations 🍾 +For about a decade now I have been obsessed with the concept of FIRE: how to achieve it, how to optimize it, how it affects one's life. And it was only today that I suddenly realized what the exact opposite of FIRE was--and how much better it is. + +It's a pretty long-winded road, but I've been rewatching the Sopranos, and I googled the actress who plays Tony's mother: Nancy Marchand. A well respected actress, Marchand had been in the business for six decades when she got into this role, and she played it until the very end of her life, even though she was recovering from cancer at the time. This isn't the first instance I've heard of an actor going on with the show despite a terminal illness; Christopher Evan Welch of season 1 of Silicon Valley also believed the show must go on, and gave one of the best performances of that series despite his illness. + +These are people who carried on working despite the fact that they were going to die soon; retirement wasn't an issue for them--their problem was the opposite. At its core, FIRE is about making the money we earn from work last as long as our lives do, although our lives are longer than our careers. In these cases, these were people who were facing the fact that their careers were lasting longer than their lives were. And they kept working to the very end. + +Why? Because they *loved their work*. This is the exact opposite of the FIRE community, who, at the end of the day, are driven to leave their jobs because they hate it. + +One of the pieces of advice the FIRE community loves to throw out is that young people should choose jobs not based on what they love to do but based on what makes the most money--so that they can earn as much as possible as soon as possible and get out of the rat race. But there are many cases of people hwo chose to do what they loved, and they loved it so much that they kept doing it even when the money no longer mattered, because they were going to die soon. + +We should consider this--and we should consider whether the idea of just saving as much as possible and working as little is possible is truly the best way to live a good life. +A new NFT mint of a cool controller design has been added (1 day ago) and deployed on Loopring + +https://preview.redd.it/rsvlflsnflm81.png?width=3621&format=png&auto=webp&s=c4300f3ae76e62f0c434e4e1b0cdad2e6fc8dbc1 + +Check out the NFT here:[https://explorer.loopring.io/nft/0x3e99985a629b690b2ac425af369e98fd4ddccf81-0-0xbbfad93eb30d24c02fc91dbba7b786e1e3b0a1f9-0xea49ea0a3d3f484cbd532a02eedced1a7f7144e73a2e1e4fbc0ddf18a5f62777-0](https://explorer.loopring.io/nft/0x3e99985a629b690b2ac425af369e98fd4ddccf81-0-0xbbfad93eb30d24c02fc91dbba7b786e1e3b0a1f9-0xea49ea0a3d3f484cbd532a02eedced1a7f7144e73a2e1e4fbc0ddf18a5f62777-0) + +If you check out the meta-data: + +The artist/content creator identifies as POPE + +&#x200B; + +https://preview.redd.it/fucm36gpflm81.png?width=3169&format=png&auto=webp&s=1b34c53a974432b24e5637173fa5252ece8272e6 + +If you search on Twitter for Pope + Gamestop you find this guy who has a huge following as a creator:[https://twitter.com/POPeART\_](https://twitter.com/POPeART_) + +He loves designing controllers: + +&#x200B; + +https://preview.redd.it/iugf9ulqflm81.png?width=1531&format=png&auto=webp&s=04e9fe94ff968e77c3a1acfaf5fd62e6fbe2a6cf + +&#x200B; + +https://preview.redd.it/e705yhbrflm81.png?width=1480&format=png&auto=webp&s=fbce87653af94abf64ffe2a290a224515f02ce3a + +&#x200B; + +https://preview.redd.it/x5kof28sflm81.png?width=1523&format=png&auto=webp&s=23fd8f8d7a4ebc4317af400439c89da98720af3d + +The meta data has a new structure field called ROYALTY which does not exist on Loopring now/ there is no way to mint this NFT with that data. **There must be a new front end GameStop feature.** This enables creators to get a cut of every future sale of their NFTs. + +https://preview.redd.it/kdvww7rvflm81.png?width=1022&format=png&auto=webp&s=f0535a8a62756bf3cd29dff4bec33d890bb100cc + +&#x200B; + +**The NFT contract is also Looprings... Which means GameStop is using their ZKRollup and the Loopring Exchange.** + +https://preview.redd.it/esw44zowflm81.png?width=1537&format=png&auto=webp&s=f0cc157fd6ad4a66b39bfd0eceb9ea16106387b3 + +This highly suggests that GameStop has built a **front-facing marketplace application (wallet)** using the **Loopring Protocol** and the **GameStop Application will use Loopring Exchange.** + +For those who do not know... Fees are generated based on transaction volume on the Loopring Exchange and paid to token holders (LRC). + +**TLDR:** + +There are now new NFT mints being deployed on Loopring. +One of these NFT mints has meta data connecting it to a content creator named POPE. +The NFT is that of a Gaming Controller, which is very similar to other types of artwork by this creator POPE. +The NFT metadata has NEW data (royalties) which you can not create with any existing Loopring interface- it must come from a hidden/secret application (Gamestop). +The NFT metadata also indictates this NFT is being created using the Loopring Factory Contract. +From this we can determine that this means GameStop will use Looprings ZKRollup AND thus the Loopring Exchange (Where the trading happens). +This gives us an idea now on what kind of intergration GameStop has with Loopring- they have built their own GameStop wallet and web app but it is all based on Loopring Protocol. + +**It appears things are actually very close!** + +If GameStop is launching with Loopring NFTs and on the Loopring Exchange then these are not actually compatible with IMX NFTs... It means either IMX or Loopring will later have to integrate with eachother. Is Loopring the main partner? It seems so! + +**Edit:** +I also strongly believe that the **NFT Royalty feature** is one of the big reasons the entire **Q4 thing didn't happen**. It's a pretty essential component of NFTs, giving benefit to creators forever, but it was never in the Loopring NFT design. This kind of feature would be very complicated to add. + +Now that we are seeing active minting we know all the features are done, tested and working. + +Remember Dwangs Tweet in January...! + +&#x200B; + +https://preview.redd.it/zkrpwknxmlm81.png?width=1170&format=png&auto=webp&s=6b7d7e0f15f2a62834c0e6001e27bebbbc6669e8 + +...and lastly a plea to Loopring Discord mods... I was blanket banned in a Bot sweep. Would be awesome if I could be unbanned please. One of the mods kindly DM me... +Look everyone's portfolio is likely looking red, so here's what you need to do: Likely doing nothing for now is the right move. Don't sell at a loss. Work more hours so you have more money to buy solid, economy defining stocks at a fraction of their price they once were and build your retirement portfolio. (PYPL for example, way oversold with a 26 RSI). Downward pressure (bear market) is not forever and doesn't last as long as upward momentum (bull market). In the end, stocks of financially healthy companies will continue to go up. They always have and will. + +As long as you're patient and investing in solid companies with healthy balance sheets poised for future growth (even if growth slows in 2022), you'll be fine. + +The market is forward looking. Once it gets a grip on where the Fed wants to take rates (likely around 2% by year-end with 50bps the first 2 rate hikes and 25bps thereafter). They will then continue to monitor if inflation is going down from CPI data before hiking more. + +Inflation will go down. Odds are we are here at the peak of inflation currently as we sit. Used and new car prices are not as expensive as they once were and are starting to come down. In my opinion I feel the economy will slow down substantially simply as a result of high gas and food prices re-routing what people can or can't spend their money on. + +Covid for the majority of the world except China has pretty much subsided. People will go out and spend money, that's a given. However, they will be limited on how much they can go out and spend due to the increase in food and gas. Once consumer spending decreases, inflation will also decrease. + +Prices of goods only go up if people are willing to pay them. Once people stop paying sky high prices for assets and commodities, prices will come back down. I think this will happen relatively soon. + +A simple look at the stock market is a prime example. The market is forward looking like I said. People are not willing to pay high multiples of companies due to slower growth in the future. Any slowdown in future growth in a company's quarterly earnings will drive the stock price down. Why? People don't want to pay high prices for a company that's not growing as fast, and nor should they. + +The Fed technically hasn't even done anything beside 'threaten' to raise rates so far. But a hawkish Fed (an aggressive rate hike minded Fed), is scary to the market. If they hike rates too aggressively and slow down the economy too much, then we'll have a recession (albeit a short one in my opinion, but inflation would cease to exist pretty much instantly going this route). + +So far all we have endured is a 25bps hike. With the current Fed rate at 0.25%. Likely to go up to 0.75% on Tuesday, May 3rd. But if they say they want to tighten rates more aggressively than 50bps, the market will naturally have a huge negative reaction because a future priced market does not like slow growth. However this route will end inflation quicker, so the market can go back to normal once the dust settles. + +Again, all the Fed has done so far is mostly talk. They haven't really taken much action yet as far as tightening goes. I'd say the market is currently pricing in Fed rates of around 3% which is taking us well into 2023. Which means by 2023 the market will start pricing in growth for 2024. This is when I think the growth will resume its bullish trajectory. Until then we are likely to remain volatile. + +TLDR: Long story short, be patient. Do not stress over what you cannot control. Let the Fed do their job and you do yours. Earn money. Control the budget and buy the dip if you have the means to do so. Real wealth is built during markets like this. Once the bull market resumes, make sure you are on the train. +Let's be clear here Francesco Firano (/u/TheBomber9) is a criminal. The hack was in November which means that he's been insolvent for months & has been defrauding new users out of their money to keep the exchange afloat. Once the Binance listing was imminent he locked all the exchange's assets. His actions show clear intent. If his exchange was hacked & he immediately reported it to the police, he'd just be incompetent but by hiding this from new users he transitioned from moron to criminal. + +This is the US legal definition of Fraud: + +* Fraud. A false representation of a matter of fact—whether by words or by conduct, by false or misleading allegations, **or by concealment of what should have been disclosed**—that deceives and is intended to deceive another so that the individual will act upon it to her or his legal injury. + +[In order to be convicted of fraud in the US, the following must be proved:](https://legal-dictionary.thefreedictionary.com/fraud) + +>Fraud must be proved by showing that the defendant's actions involved five separate elements: + +> * (1) a false statement of a material fact, + +>* (2) knowledge on the part of the defendant that the statement is untrue, + +>* (3) intent on the part of the defendant to deceive the alleged victim, + +>* (4) justifiable reliance by the alleged victim on the statement, and + +>* (5) injury to the alleged victim as a result. + +Now I'm not a lawyer but it seems to me that he is clearly guilty & convictable. It's likely the EU/Italian definition is the same since fraud is a universal crime. [He may also be guilty of running a ponzi scheme](https://www.law.cornell.edu/wex/ponzi_scheme) + +We need to make sure people don't get away with this sort of thing. I don't want to say he's destroyed people's lives because there is almost always a way to recover but he has certainly severely damaged peoples wellbeing. + +I'm in the US but if someone in the EU/Italy could contact the authorities & let them know about the situation maybe we can get a little bit of justice for his victims. I don't trust him at all when he said he has reported this to authorities, it's **very likely he completely misrepresented the situation to them** even if he did (which is also a crime). + +If you live in the USA & are a victim please call the FBI to file a report. Apparently extradition is possible between the USA & Italy. If there is enough outcry about this situation maybe we can get the wheels turning. + +Edit: [He's also guilty of embezzlement](https://legal-dictionary.thefreedictionary.com/embezzlement ) + +> Elements common to embezzlement are as follows: (1) the property must belong to a person other than the accused, such as an employer or principal; (2) the property must be converted subsequent to the defendant's original and lawful possession of it; (3) the defendant must be in a position of trust, so that the property is held by him or her pursuant to some fiduciary duty; and (4) the defendant must have an intent to defraud the owner at the time of the conversion. + +Edit: Evidence he knew about the hack (personally I think it's borderline impossible for him not to realize he's missing over 3/4ths of the XRB in his wallet but here's some hard evidence anyways). +From https://www.reddit.com/r/nanocurrency/comments/7wm2sp/collect_bitgrail_evidence_here/ +Screenshots of negative balance issues from January: https://imgur.com/a/FCIme https://imgur.com/a/YYf0U https://imgur.com/a/Qg7BL +With Evergrande about to go belly up some really serious shit is going down. + +Half the raw materials we sell to China are going into the construction. + +Evergrande is beyond huge and to put it mildly they’re utterly fucked. They have absolutely no way to cover their debts. + +40% of government revenue comes from land sales. It’s a giant house of cards, an immense ponzi scheme. Boy we have more in common with China than we thing. + +Construction is the biggest employer in China. + +What’s unfolding is huge and if the CCP can’t manage the implications for us are a massive slow down in commodities. + +The chip shortage in China is beyond huge. Before the US trade ban they imported 300bn$ worth. Their biggest import. + +Now as a result of wide spread shortages car manufacturers in China including volkswagon have slashed production in half. Which is having a knock on impact on the production of batteries. At moment it’s minor because companies are just building up surplus but that can’t keep going on indefinitely. + +So I’m sitting here in my underpants, with coffee stains in full retard mode trying to work out where to hide… it’s starting to feel like maybe, just maybe having all my money in ultra speculative mining exploration companies may not be a brilliant idea… + +Truth be told I think the CCP will do everything they can to keep the wheels on but they’ve been kicking this particular can down the road for a long while… + +———— + +Totally random aside but if Australia wants to save money on submarines now might be a good time to wack a tariff on iron ore and just finish off evergrande et al. Hard to have a war with communist China if it collapses under its own weight and the current protests get out of control. + +Apparently they’re at 20ish% unemployment and all their ultra extreme Covid response measures are fucking shit up real good. + +What do you clowns think? +Equity options Aug. expiration is tomorrow and this cycle was probably the worst since March 2020. I thought I'd just write to let people know if you got beaten up this month, it's not necessarily because you are a bad trader. We had explosive realized volatility all over the place and shrinking IV. It's a perfect storm for terrible losses. +Hi, y'all - happy Thursday! + +Something that I've noticed when speaking to those who have reached fatFIRE (not personal connects - many of my parent's friends have achieved fatFIRE) is how often they read. All of them are avid readers. A portion of it is targeted at professional development at their particular craft, but, a lot of it is grounded in general business principles. Or social sciences (there's certainly overlap here.) It makes sense, reading is incredibly efficient, you can distill years worth of knowledge and value into under a 1,000 pages. Alternatively, you can challenge the arguments advanced. Regardless, it's not a fruitless activity. + +Anyways, they are all highly deferential to reading and confidently state that they wouldn't be remotely close to where they are now had they not developed the habit of reading. I'm to curious learn: + +1. How often do you read? +2. How critical was/is reading to the "success" that you've realized? In the same vein, is reading existentially necessary (I.e., would you not have achieved fatFIRE or be on the path if you didn't read)? +3. What inspired you to begin reading and how quickly did you realize the benefits? +Been working with a broker on a piece of property. She provided a pre-approval, then later a loan estimate after my offer was accepted by the seller. The closing costs on the estimate seemed very high, so I checked with another broker and got a LE with $1,700 less cash to close at the same rate and terms. + +I went back to the first broker with this info asked what we could do to bring the costs down, and she was very upset. Acted like she’s never faced competition in her umpteen years of doing this. + +It’s one thing if this is 1700 amortized over the mortgage. It’s a chunk of cash at close that would otherwise go to furnishing the rental. + +Am I the asshole here? + +EDIT: do need to add there is currently an appraisal ordered not yet performed that she has paid for. I don't expect her to eat that cost. +Hey guys, I recently read [Warren Buffet Accounting Book: Reading Financial Statements for Value Investing](https://www.goodreads.com/book/show/22103415-warren-buffett-accounting-book) by **Stig Brodersen** and **Preston Pysh**, it was a productive read and the book was really concise and easy to understand and I wanted to summarize the principles from the book that Buffett uses to invest. + +According to the book, Warren Buffett invests according to these four simple principles: + +1. Vigilant leadership +2. Long-term prospects +3. Stock stability +4. Buy at attractive prices. + +# 1. Vigilant Leadership + +This principle has four subordinate rules: + +1. **Low debt:** Check out the **debt-to-equity(D/E)** ratio. Buffett likes a ratio of **0.5** or lower. +2. **High current ratio:** Current Assets / Current Liabilities. Buffett likes a ratio of above **1.5**. +3. **Strong and consistent return on equity:** Net Income / Shareholders' Equity. The company should maintain a **steady** return on equity above %**8**. +4. **Appropriate management incentives:** Don't forget management is your **agent.** Make sure managers are first and foremost rewarded based on performance and long-term goals. + +# 2. Long-term Prospects + +This principle has two subordinate rules: + +1. **Persistent products:** Buffett often gives this example: "Will the internet change the way I chew gum?". This is why he is big on Coca-Cola, you should also look at the long term investment with the same perspective. +2. **Minimize taxes:** "Tax is one of your biggest expenses as an investor. Let your investment compound and grow for a long period of time before the government gets their share." + +# 3. Stock stability + +This principle has two subordinate rules: + +1. **Stable book value growth from the owner's earnings:** Ensure that **return on equity** remains constant or grows over the years. +2. Sustainable competitive advantage(Moat):- **Brands(Apple, Coca Cola)** and **patents** are one type of moat.- **Low cost(Walmart)** is another type of moat.- **High switching costs(stickiness)** is another type of moat. **Windows** for instance, not easy to switch from Windows to another OS. + +# 4. Buy at attractive prices + +Apart from using models like **Discount Cash Flow,** these are the rules to be applied to finding stocks at attractive prices: + +1. Keep a wide **margin of safety:** This is the difference between the **share price** and the **intrinsic value**, and should be wide. +2. **Low price-earnings ratio: Market Cap / Net Income.** Since Warren Buffett is a conservative investor, he suggests that this value should be below **15**. +3. **Low price-to-book ratio: Market Cap per share / Book Value(Equity) per share.** Benjamin Graham(Buffett's mentor) would try to find companies that had P/B ratio of below **1.5.** +4. **Set a safe discount rate:** Riskier the investment, higher the discount rate. If the risk is high then you should use a discount rate of %50. +5. **Buy undervalued stocks:** To find these stocks you should use models like **Discount Cash Flow** to determine the **intrinsic value.** (Here you need to do your own research what these models are and how you should use them to find the intrinsic value. Additionally, these authors have a website and provide calculators that you can use, here is the link: [https://www.buffettsbooks.com/how-to-invest-in-stocks/calculators/](https://www.buffettsbooks.com/how-to-invest-in-stocks/calculators/)) +6. **The right time to sell:** Here is some of the reasons to sell your stocks:- Company is breaking one or more of Buffett's principles.- You can get a better return from another investment. +Hey guys, I came across this company called National MI holdings (NMIH). This looks like a rare undervalued company in this expensive market, its a small cap company, far away from the Wall Street spotlight, the price has not recovered to the pre-pandemic levels yet and is still offering an interesting discount to its fair value. With the housing market getting higher because of low mortgage rates, these companies will potentially benefit. Any thoughts? Check out this detailed analysis on this company. + +[https://www.youtube.com/watch?v=ioO5pGHTApg&ab\_channel=InvestingUntangled](https://www.youtube.com/watch?v=ioO5pGHTApg&ab_channel=InvestingUntangled) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I have a tenant who moved in 3 years ago to a quadraplex and since has been fighting with the other tenants. The other 3 tenants have been there 5 years. + +Yesterday he got into a physical fight with one tenant and then called the police on them and said he's going to file a restraining order so he's hoping they move out. Is there a way I can evict the tenant who is filing the restraining order? Before him, there were no problems. He even fights with my maintenance guys too. + +Anyone know what I should do legally? I'm in CA. +I noticed that a segment of the ausfinance commenters would push the narrative that the fed outpacing our rate hikes would eventually plummet our dollar. + + +Of course this meant that we would begin to import inflation as a result? (Although conveniently the TWI is ignored since it was stable). + + +Anyone who made financial decisions on that sentiment would be pretty rough right now with a 10% movement since then. + +Edit: Maybe this post came off a bit glib? Hadn’t realised this sub would be so hostile to having a reflective moment and challenging the narrative that’s yet to materialise since early 2022. +I've been around WSB now for about 5 years, mostly as a lurker. I eventually created a reddit account but even then took a while to actually join the sub rather than just lurk. So I was here for a good number of the "fun" moments of the last few years. The box spreads that "literally can't go tits up". Everyone piling on puts on snapchat. Good 'ol Su Bae. The great paper trading competition of 2019. The ousting of "he who shall not be named" (the automod removed my post for mentioning his name). Etcetera, etcetera... But this will be my first post. + +Over the last week and especially the last 24 hours, I've seen a LOT of comments in the pinned threads lamenting the fact that WSB is forever changed and that it's time for another paper trading competition. I want to speak to that for a moment and if the mods would be so kind as to keep this post up I'd be very grateful. + +First of all, yes, WSB has changed, but that's a *good thing.* You know who else doesn't want change? The hedge funds, and Wall Street. The whole point of this thing that is happening IS CHANGE. The fact that the world is standing to attention right now says something about this is real and that is much more important than being able to remove some noobs because their IQ is too high. + +Even worse than the comments calling for noobs to be eliminated, I've seen many commenters dissing people who can only afford small amounts of shares or even fractional shares. So now WSB is elitist and you have to be wealthy to join and have fun in the markets? NO! That's the entire point of this place and GME and this week is that the market SHOULD NOT BE FOR THE ELITE ONLY. + +**Have 5mil and want to invest? Great! Have $5 and want to invest. Great!** + +WSB endlessly attacks CNBC, etc for not being able to see that GME is NOT about WSB or the fundamentals of these companies, or about making money. But it's about something much bigger. And those people who are crying out for all the noobs here to be banned are no better than the entrenched elite like Stephen Weiss who yesterday called this whole thing a "load of crap". + +We all saw the open letter pinned earlier this week and the responses to it. We all lived through last year. And for the first time in a VERY long time, I feel like the world is coming together to unite rather than to divide and it feels f'ing GOOD. + +Let the moment stand for a bit. I promise you that eventually people will forget about this and we will all start attacking each other again and most of the noobs on WSB will never set foot in this place again. + +But for now, for today, for this weekend, and maybe a while more, let's be excellent to one another and not decide the worth of someone over how long they've had a reddit account or how much money is in their bank account. + +So to all the noobs: + +Welcome! Hope you enjoy your stay. It gets a little weird around here, so it would save you a lot of time if you just gave up and went mad now. + + +Edit: getting a lot of flack for no emojis so I'd just like to add 📈🦍 💪 +I worked for a Blue Cross affiliate for nearly three decades and frequently see questions here about medical insurance. I wanted to share some helpful tips about some common roadblocks people run into. + +Firstly, medical insurance has many, many policies in place, but you have to ask for them. + +* You visit the ER and are seen by an out of network doctor. You are shocked when the statement comes in and you have to pay much more than you expect. Similarly, you have surgery with an in-network surgeon, but surprise surprise, the anesthesia doctor is out of network and the claim gets applied to your much larger, out of network deductible. This is known by many names - surprise billing, RAPs (Radiologist/Anesthesiologist/Pathologists). If this happens do you, don't panic. Call the number on your insurance card and explain to the rep that this particular scenario was out of your control and you are requesting that they process the claim under your in-network benefits. 99/100 times, they will agree and your share will hopefully be reduced significantly + +* An offshoot of the above - if you are treated by a "surprise" provider, and your insurance does process the claim under your in-network benefits, you may find that the doctor bills you more than expected. For example - radiologist bills Cigna $1000. They "approve" $500, pay 80% of that $500, and state that you share is 20% of that $500 ($100). But the bill comes and they are billing you your $100 share, plus the other $500 that the insurance "ignored'. This is called "balance bill". And again, if you call your insurance and explain that this was out of your control ,and the doctor is not kind enough to accept the reduced rate that insurance calculated, 99/100 times they will recalculate the claim to approve the full $1000, and then assign the 20% as your share (or whatever your benefits happen to be). + +* A big complaint around here is having some test, service or procedure that ends up not being covered by the plan. It could be because the plan simply does not cover it (cosmetic procedure), or perhaps they deem it experimental. So how are you supposed to know? Every single blood test, scan, surgery, poke, and prod is assigned a unique five digit code known as a CPT code. They bill that code, along with other codes that describe your medical state. Those are known as diagnosis codes. 99/100 times, a decide to either pay or deny a claim is based on a policy that involves looking at the combination of CPT and diagnosis code to determine if that is a covered service. That means that before you have anything done, you can ask the provider for those codes, then contact your insurance by email to get confirmation that those codes, when billed together, are covered. I say by email, so that you have it in writing if there is a problem down the road. There are *some* CPT codes that have very rare coverage, so even with a diagnosis code, they may not be able to definitively say yes or no. In those cases, the doctor can send them your full medical records and ask for a pre-determination. Basically saying, if we were to bill you a claim with these codes, and this medical history, would you pay or deny. They will send a response letter letting you know. + +* Pricing is all over the place. If you are lucky to have a plan that just charges copays for everything, this does not really apply to you. But if you are like most people and have a large deductible, the negotiated rate for a specific service can make a huge difference. If you need an MRI, there could be 5 in-network facilities in your area and the range of negotiated rates can run from $450 for a private, MRI facility, to $4500 for large university hospital. You can call your insurance with the CPT code for the test you are having and ask them to supply you with the negotiated rates for a few facilities in your area. Many insurers now offer this pricing tool when you log into your insurers website. + +* Many insurers are recognizing that keeping customers happy is good for business. They are starting to create programs to erase the old image that insurance companies just want to deny everything. For example, Aetna has a program that (**IF** you ask,) will reprocess a claim to an out of network provider, to your in-network benefits, once per year. See this link for a full description of the program: https://www.crnstone.com/news/service-without-borders/ + +* You have appeal rights. Depending on your plan, you can have 2-3 attempts to appeal, so even if you are not lucky the first time around, you can try again. After you have used up all attempts, many plans let you ask for an external review, where a 3rd party reviews everything and makes a non biased decision. By the way, since you have a fixed number of appeal rights, usually 1-3, make sure each one counts. Don't call up Cigna and say "I dont agree with this copay, i want to appeal". You just wasted an appeal because what exactly did you give them to review other than your dissatisfaction? + +I will try to answer any other questions that pop up regarding medical insurance so feel free to post here. + + +**Edit** - I am so glad this has gotten popular. I really hope this advice can help someone. A few more tips: + +* I cannot say enough good things about GoodRx. Run your prescriptions and compare prices. Firstly, you will see that there can be a huge range of prices between CVS, Walgreens, Walmart etc. Also, you may find a price that is even lower than your insurance company's negotiated rate. If the difference is large enough, it may make sense to just use the coupon, instead of your insurance. The only downside is that you won't get credit towards your deductible. But saving a large amount of money may be worth it. + +* Always, ALWAYS check with your insurance to make sure a particular doctor is in-network *at the particular location, with the particular Tax ID#*. I cannot count how many times someone got screwed over because a doctor was in-network but they saw him at a location that was not. And NEVER rely on the doctor's office to know the details about *your* plan. They manage 3,000 patients accross 25 different plans. And doctor's office are more than glad to tell you "we take your insurance*. What that can often mean is "Sure, we will physically **Take** your insurance card and bill them, but are we in-network? absolutely not!" +The past year was really, really tough. I think I made something like $7,000 last year. And I pay rent, and eat, and have a phone bill. I don't live at mom and dads. I'm 27. + +Honestly, I sponged more than I would have liked a lot. Even living an incredibly miserly life doesn't cut it when you're earning virtually nothing. But I have a huge amount of personal pride when it comes to borrowing money and I never allowed that to get ridiculous. The sum total of money borrowed is about $750 from various friends. I achieved this by basically doing nothing ever, and eating chicken soup 7 days a week. The weight of this debt was absolutely crushing me. The embarrassment of not being able to buy my own beer and having my friends check up on me all the time was just too much. + +They were really sympathetic, but they just don't understand the level of poorness. They don't understand what it means to be so broke that it's actually amusing that a monthly bank fee can destroy your plans of eating for the next 2 days. I mean, we're not students anymore. They've all got careers or at least well paying full-time employment. Being poor to them means not going out on both friday *and* saturday. So they invite you over ("don't worry, we'll supply the beer") but meanwhile you're having a panic attack because what if one calls you and asks you to grab a couple of lemons? They've never even considered that buying a lemon might be a supremely luxurious way to waste 50% of all the money you have in the world. Wait, can I even justify the bus fare? Maybe I could do the 2-hour walk and just apologize for turning up 2 hours late? + +Those are the friends who were really great though. Understandably, I pissed off some people along the way. I lost a friend who was a former housemate (he kicked me out). My current housemate had late rent delivered to him, and he was more than good about it. But he was still pissed off. My brother was sometimes covering my phone bill, and he has a young child and a single income. I felt fucking awful, and like I couldn't do anything about it. + +So picture my lifestyle. I've set up the cheapest possible way of living - almost no money coming in, but very little going out. Tiny room, growing apart from friends all the time, becoming more depressed every day. I had completely forgotten what financial independence meant. And every day I had the fear of not knowing what the hell I would do when my already dying phone were to break, or my clothes all to wear out, or an unexpected bill to roll in. + +Anyway, a fortnight ago I got a new job. A proper career job. I went from $7k ("salary") to $58k salary. They love me there, and I love the job. Last friday the first paycheck rolled in. I got square with my rent, I paid back nearly all of my debts. I went out with my friends and bought *them* their drinks. + +And now I have enough to live on for the next fortnight without being a total hermit. And after that I will be completely fine. + +It's difficult to explain just how relieving that is. To think that I will have more money coming in in 2 weeks than I have seen in my bank account for nearly a year. + +So now I don't take it for granted. Just because I *can* go out and buy breakfast for $60 doesn't mean I will. This is something I used to do when I had a job and no sense of responsibility. But I never want to be in the position again of being mortally afraid of what would happen if I get so much as an an unexpected $100 bill. + +Anyway, just wanted to get that off my chest. I love this sub and read it every day. Until recently I felt powerless to take any advice from it though. +------------------------ +Edit: holy crap, typed this up on a throwaway account, went for a beer. Came back drunk to lots of karma and comments. Thanks guys! + +Edit 2: A lot of people are asking how I managed to survive on $7k, and how I managed to go from $7k to $58k so suddenly. + +Part of the explanation for that is I guestimated the American dollars. I'm in Australia. I think the money I made last year was actually $12k in Australian money, but I tried to adjust for cost of living. I'm earning $58k Australian. It's a good entry level salary for an industry that I have a couple of years experience in. + +Why did I go for so long on such a small amount of money? Complicated situation where I was working with a (now former) friend and taking a director role. I was trying to make a business succeed that had failed a year before and I just didn't realise it. I was working a lot of hours, hoping that we would make that one or two big deals to change our pathetic lives into million dollar dreams. I learned a lot of lessons. Sure, I could have got a grocery job, but I wanted to make it happen. + +So I was already quite well experienced for this industry, I just went from self-employment to working a 9-5. +https://www.cnbc.com/2021/06/11/amazon-to-overtake-walmart-as-largest-us-retailer-in-2022-jpmorgan.html + +Amazon is on track to surpass Walmart as the largest U.S. retailer by 2022, J.P. Morgan analysts wrote in a note published Friday. + +Amazon's U.S. retail business is the "fastest growing at scale," the analysts wrote. + +After 9 months of consolidation, amazon should be finally able to break out. AWS and advertising keep growing, and amazon shipping operation can now challenge UPS, Fedex and USPS. For e-commerce, it is still a leader that none of the any other company can match or catch up. For the past 2 weeks investors were slowly rotating back to the established growth big tech stocks, so amazon should be able to break ath this month. + +Thanks for the awards. +I am just wondering what models people are pursuing in their research. Generally, I am leaning toward tree-based models because they are robust to irrelevant features limiting the feature reduction /engineering step. I know these models are prominent in kaggle, but in a time-series domain I am wondering if people have success with them. I am also interested in NNs but am putting off diving into that domian. +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? +&#x200B; + +https://preview.redd.it/ot1hh5n4bs691.jpg?width=1280&format=pjpg&auto=webp&s=3bdcb853e216066bb35a74fc571b496e0f300be0 + +CNBC’s Jim Cramer says he "thinks Bitcoin BTC goes to $12,000, where it was before this whole fiasco began." + +BTC made a new 2022 low of $17,592 this weekend. Do you think $BTC might trade as low as $12,000? +I think we can all agree that this petition is a bit more important than a banner. I support the banner discussion, but it doesn't have quite as much potential at getting the SECs attention. Wouldn't you agree? It's just for the weekend. Can we make this happen MODS? + + +**Edit1:** Adding a direct link to the petition. + +https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on?s=09 + +Thanks to u/AlaskanSamsquanch for pointing out that I'm retarded for not doing it in the first place + +**Edit2:** Ok. Been 2 hours and no response from MODS. I'm not saying SPAM modmail with [pictures of Bea Arthur](https://www.google.com/search?q=bea+arthur&client=firefox-b-1-d&sxsrf=APq-WBv3He-qQDSPqkI_G-PHPUJ_QeKpTQ:1649444350842&source=lnms&tbm=isch&sa=X&ved=2ahUKEwj-_O6Ek4X3AhUjnOAKHcF_B5sQ_AUoAXoECAIQAw&biw=3440&bih=1280&dpr=1) or anything, but...... + + +**Edit3:** I'm not sure which pictures of Bea Arthur you guys sent but u/Doom_Douche is looking into pinning Dave's petition. Thank you all for supporting not just this post but the overall exposure to the corruption in our "Free and Fair Market" + +**Edit4:** thanks to u/Doom_Douche this is now pinned. Please stand down your Bea Arthur bombings! + +https://www.reddit.com/r/Superstonk/comments/tzbhsk/we_the_investors_petition_for_the_sec_to_address/ +I think we can all agree that this petition is a bit more important than a banner. I support the banner discussion, but it doesn't have quite as much potential at getting the SECs attention. Wouldn't you agree? It's just for the weekend. Can we make this happen MODS? + + +**Edit1:** Adding a direct link to the petition. + +https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on?s=09 + +Thanks to u/AlaskanSamsquanch for pointing out that I'm retarded for not doing it in the first place + +**Edit2:** Ok. Been 2 hours and no response from MODS. I'm not saying SPAM modmail with [pictures of Bea Arthur](https://www.google.com/search?q=bea+arthur&client=firefox-b-1-d&sxsrf=APq-WBv3He-qQDSPqkI_G-PHPUJ_QeKpTQ:1649444350842&source=lnms&tbm=isch&sa=X&ved=2ahUKEwj-_O6Ek4X3AhUjnOAKHcF_B5sQ_AUoAXoECAIQAw&biw=3440&bih=1280&dpr=1) or anything, but...... + + +**Edit3:** I'm not sure which pictures of Bea Arthur you guys sent but u/Doom_Douche is looking into pinning Dave's petition. Thank you all for supporting not just this post but the overall exposure to the corruption in our "Free and Fair Market" + +**Edit4:** thanks to u/Doom_Douche this is now pinned. Please stand down your Bea Arthur bombings! + +https://www.reddit.com/r/Superstonk/comments/tzbhsk/we_the_investors_petition_for_the_sec_to_address/ +Title says it all. I interviewed in my career field about 6 months ago. It went really really well, and I was really surprised when I didn't get the job. But it was ok, I wasn't and still am not unemployed. + +I got a call from the company today, and the CEO explained to me she was trying to do a friend a favor and hired them instead of me which was fine. But it hasn't worked out, and she really regrets not hiring me. She told me she is aggressively hiring and she really needs me to have it clear in my mind what I want when I meet with her in 2 hours. + +Since I interviewed, I have completed my bachelors degree (in that same field) and I also got a small raise at my other job. I really enjoy my job now, and feel a loyalty to the company. But the company is also in a position where I will never be able to make higher then what I am making now. I am currently making around $40,000 a year. Which isn't bad, but isn't great either. + +I am not sure how to leverage my degree into my offer professionally. I want to ask for at least $50,000-$55,000 a year. Is that unreasonable? + +TLDR: Interviewing today, not sure how to professionally present the amount of money I want. +So I have been holding since January, I talk about Gamestop or the market in general pretty much every day and I even got her to watch the first half of the Big Short with me the other night and I think she was into it. She is a very smart person but doesn't know much about the markets and whenever I get to into it she just smiles and reels me in or rolls her eyes if we are around family. + +Anyways, we are laying in bed and she just asked me if I remember what I did last night. I stayed up a little later than usual working and didn't get to bed late and slept like a rock.... Or so I thought. She asked me if I remember rubbing my hands all over her face and yelling "Feel these diamond hands" at some godforsaken hour of the night. I have absolutely NO memory of this, don't remember any weird dreams, and can say with one hundred percent certainty I was fully unaware of what I was doing. She isn't the type of person to make this shit up and I am trying to come to terms with the apparent monster I have become. She said it went on for long enough that she was a little freaked out and I just kept shouting "Diamond Hands!" while in her words "smooshing her face". + +I am honestly so mortified with myself I am considering sleeping on the couch tonight, maybe then if I have another episode at least only the cat will catch these diamond hands. + +I am ashamed as a lover. I ashamed as a friend. But I proud as fuck as an ape. Clearly selling isn't even on the fucking table. + +&#x200B; + +EDIT: Sadly I am not trolling, I don't even know how this would be trolling. Also yeah maybe I am spending too much time with ya'll.... + + +Update: thank you all for the memes. You beautiful bastards kept me and my girl laughing all day. Still HODLing, maybe working on my sleep schedule, and fuck that ape fest nonsense that's stupid + + +PS. u/buttfarm69 can I get the flair, might as well get something stupid out of my equally stupid story +Thinking about non profitable companies that provide high demand services. Uber, Deliveroo, Just Eat and all the others. + +They entered as challengers to the market, but have failed to make their business model work at a time when they are in peak demand. + +Can the market simply just not provide enough for the gig economy to legitimately exist? + +Do investors pay for this as a privilege to society? + +Can they ever really make a profit? +Agriculture is a tough space to bet on considering the dependency of the industry on external factors (monsoon) and dependency of subsidies and regulation from the government. The Indian Agriculture/Rural play can be played via a plethora of companies in the Crop Protection, Fertilizers, Agrochemicals, Seeds, Animal Feeds, Dairy, Tractors, Cements, PVC pipes and so far and so forth. + +The Monsoon Gods have been very kind over the past 2 years and the Indian Meteorological Department expects a good monsoon in FY 2021. In 2020, 41.49% of the workforce in India were employed in agriculture. Agriculture contributed 20% to India’s GDP in FY 2020. The market size of agriculture industry is huge but it is mostly fragmented with no clear market leader in the entire agriculture and ancillary space. This is majorly due to the unorganized nature of business. With the possibility of Farm Bill and other measures taken by the government, there can be a huge potential for private players to increase their market share. + +Despite the huge market size in Agriculture, the largest Indian companies focusing on agriculture are not huge. Below are some the largest listed agriculture companies in India focusing on agriculture and animal husbandry - + +UPL - 64000 crores - 5th largest agrochemicals player on the world. Majority of revenues come from outside India. + +PI Industries - 44000 crores - Agrochemicals ( 77 percent of income from exports) + +Coromandel International Limited - 26000 crores - Fertilizers. + +Bayer Cropscience India Limited - 25500 crores - Crop Protection. + +Hastun Agro - 19000 crores - Milk and Dairy Products + +BASF India - 11800 crores - Agricultural Solutions. + +Godrej Agrovet -10712 crores - Animal Feeds, Crop Protection, Palm Oil, Dairy Business, Processed food and Agrochemical. + +Avanti Feeds - 8009 crores - Shrimp Feeds + +Rallis India - 6900 crores - Crop Care - 70 percent from India + +Bharat Rasayan - 5367 crores - Pesticides and Insecticides + +Analyzing the above list, the largest player in Indian agriculture (not global agriculture) has a market cap of around 26000 crores and while it seems to offer agricultural solutions there still seems the size of listed players is very small when compared to agriculture's contribution to GDP. + +Godrej Agrovet deals across various key multiple verticals on agriculture and animal husbandry. It deals in Animal Feeds, Crop Protection, Palm Oil, Dairy Business, Processed food and Agrochemical Industries. It is the only company in the listed space which deals across the entire agricultural and animal husbandry space and is backed by Godrej Industries, one of the most reputed promoter groups in the country. + +Animal Feeds - Godrej Agrovet is the leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India. Cattle and Animal Feed has margins of 6-7 % and Shrimp Feeds has margins of 8-9%. The feeds business is a high ROCE business with returns ranging anywhere from 75-90%. Animal Feeds business contracted on volume terms in FY 21 due to HoReCa (Hotels, Restaurants, Catering) segment getting impacted due to Covid-19 but better efficiency has related to expanding of margins of the company. Animal and Aqua Feeds contribute 47 percent to the topline and 35 percent to the bottom line in FY 2020-21. + +With the largest player in shrimp feeds commanding a value of over 8000 crores, substantial growth could be seen in the aqua feeds where the company is growing rapidly. + +Palm Oil - The company is the Largest domestic producer of Crude Palm oil and Palm Kernel Oil. A sharp rise in Palm oil (77 percent Year on Year )prices along with 5 percent increase in import duty is a huge benefit for the company. Last year profitability was impacted due to a whitefly attack which resulted in destruction of fruit. The higher the price, the better it is for the company. Also, as a commodity production of Palm oil cannot be increased substantially as a palm tree requires 5 years to grow. + +Also with the world moving towards biofuels which are bio-ethanol (sugarcane and corn) and bio-diesel (vegetable oils) the price increase in Palm oil can be sustainable. + +Palm Oil is also a key component for FMCG companies either directly or as a raw material for consumer goods like Soaps. With high prices and a good monsoon both looking very likely this segment should see a bumper growth in FY 22. + +The segment contributes 11 % and 15 % to top and bottom line respectively. + +Crop Protection - Agrochemicals produced cater to the entire crop lifecycle. Crop Protection is a key contributor to bottom line accounting almost 45 percent to the bottom line of the company. The company mainly deals in herbicides. Below is the breakup of crop protection class, ingredients and applications. + + +This segment has great potential and there lies tremendous growth in this segment. The company has moved to a more efficient model and has managed to increase collections by over 30%. Despite year on year performance seemingly flat, this was primarily due to lockdown restrictions in Jammu plant which resulted in a loss of around 50-60 crores in sales(~10%). + +Market share of fungicides has been growing consistently and is expected to grow rapidly compared to insecticides and fungicides as shown in the chart below. + + +Astec Life sciences - The company is a subsidiary of Godrej Agrovet and has a market cap of around 2500 crores. Godrej Agrovet holds a 62.33 % share in Astec Life Sciences. Astec Life sciences is in the agrochemical space and is a smaller player currently but is growing consistently at over 20 percent year on year and aims to grow at a similiar rate in the near future. The biggest player in the agrochemical space is PI Industries which is almost 20+X size in terms of market cap which shows the massive potential Astec Life science has. The China +1 policy has already accelerated growth in the chemicals industry. + +Below is the comparison between the largest players in the crop protection space. + + +Godrej Agrovet first invested around 45 % in Astec Life science at a valuation of around 375 crores and further another 6 percent at around 500 crores. The investment has yielded 5-6x in 6 years and is a good indicator of the acquisition strategy of Godrej Agrovet. The management has already hinted at a merger with Godrej Agrovet in the future in the Q4 FY 2020-21 concall. + +Creamline Dairy (Godrej Jersey) - The Dairy business of Godrej Agrovet. Dairy Business is a tough business to sustain thanks to co-operative societies with no profit motives and other logistical challenges with the exception of maybe one player (Hatsun Agro) who has successfully and efficiently scaled the dairy model in the public companies space. + +Below are the operational and financial parameters for Cream line Dairy and its competitors in the space which shows the huge potential available in the dairy industry. + + + +Godrej Tyson Foods(JV) - Godrej Tyson Foods is a JV between Godrej Agrovet and Tyson Foods. Tyson foods is the world's second largest processor and marketer of chicken, beef, and pork and processed foods. Tyson Foods has a market cap of 27 billion USD and has tremendous investments in R&D space in the live birds and frozen foods business. + +Godrej Tyson Foods frozen foods business (Yummiez) growth was accelerated which resulted in the topline of the company growing by 17 percent whereas the EBITDA margins improving from -9.2 % to + 7 %. The company has a 30 % market share in the non-vegetarian frozen foods business and a 8 % share in the vegetarian frozen foods business. + +ACI Godrej Agrovet Limited (JV) - It is a joint venture between Godrej Agrovet and ACI in Bangladesh. The company is the second largest player in Bangladesh and is growing it's topline at over 20 percent year on year including FY 2020-21. + +Other Matters - The company managed to increase its bottom line by 65% (excluding exceptional items) despite a 9% drop in topline in FY 2020-21. The promoter is consistently increasing stake and has increased the stake from 68.95% in March 2019 to 70.70% in March 2021 and the promoter group has continued buying into the company in Q1 FY 2021-22. 90.2% of the company is owned by the Promoter Group, FII and DII’s which shows the belief of quality investors in the company. + +Conclusion - In the absence of a bad monsoon and furthur disruptions to HoReCa segment due to covid, the company looks to me at a point of inflection and the start of a multi-year earnings expansion cycle. I expect an earnings growth of around 15 percent for the next few years taking into account high palm oil prices, swift recovery in out of home consumption and continued accelerated growth in Astec Life sciences and Godrej Tyson Foods. + +The stock has hardly moved only by around 20 percent from its IPO price in 2017. Most of the problems which caused lower returns have been addressed and the current business model seems the most efficient. The company is still richly valued at 34x FY 2020-21 earnings but with growth and business model levers in place, I expect the company and the Indian agriculture to do very well in the long run. + +Disclosure - Invested +Good morning everyone! Happy Thursday. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks Over $10** + +* Gapping UP: MARA, RIOT, NIO, TSLA, GRWG, PTON, SPCE, FCEL, RBLX, AMC, VIR, AVEO, RSI, BMBL, SUNW, FUTU +* Gapping DOWN: GME, AMTX, KOSS, EYES, ORCL, HESM, YSG + +**Stocks Under $10** + +1. NVFY: Gapping up but couldn't find a catalyst. Seeing strong volume and price action in the premarket, just be cautious as it could get over-extended. Low float, so this could see some volatile swings this morning. +2. SIEB: Gapping up after reporting earnings. Seeing good volume and decent price action in premarket. Also pretty low float, so could see some volatility early this morning. +3. SPPI: Gapping up on lung cancer catalyst. Seeing decent volume and price action in the premarket. +4. PHUN: Gapping up on news of a partnership. Seeing strong volume and price action at the moment, I'll want to see if that holds up. +5. SLGG: Gapping up on news of acquiring Mobcrush. Seeing some weakness in price action at the moment, but I'll be keeping an eye on it to see if there's a revival before market open. +6. OGI: Gapping up on news of strategic deal. Decent volume in premarket, but could see some better price action. +7. KERN: Gapping up on news of an acquisition. Seeing strong price action at the moment, I'll be watching to see if that is sustainable. + +The market should open nice and green all around, with lots of stocks gapping up this morning. SPY is trading at a little above 392 at the moment, and we should see some strength today, maybe even a push to ATH. If SPY takes a step back and makes it back down below the 390 level, we could see some choppiness. Bitcoin is trading at around 56,800. Bitcoin-related stocks are up in premarket and I could see them having a strong day for intraday trading. Marijuana stocks are following the market trend and are trading higher in premarket. Gold and silver are also up at the moment, and oil continues its climb again. GME is down in premarket, but I'll be keeping an eye on it today. Stay patient and disciplined in your trading, and let's have a good day. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +Edit added this - TL;DR: We are past defaults starting, the amount of people now 60 days overdue on bills is surging meanwhile automotive backed securities are being traded at all time high rates while being one of the clearest bubbles and most at risk assets. The car market is starting to look like a smaller version of the 08 housing market. People have near record lows amounts of cash on hand/savings accounts while the cost of living surges. Some familes are being left with the choice of pay your debts or buy food. + + + +In my last post I touched on the relationship the FED has with the bond market and also the US dollar x Money supply. Now I want to bring more things into focus to really show the size of the bubble that they are deflating and eventually one way or another it will pop. The timings of my recent posts are because I believe we are closer than ever to MOASS. I've been a long term holder and zen ape for some time but then a yet to be convicted criminal named Ken Griffin blamed retail for losing teachers pensions.... + +&#x200B; + +https://preview.redd.it/ifmcxymeyd291.jpg?width=1752&format=pjpg&auto=webp&s=fadb8b6e1b6035cfd25878fb2cf042925c27b60e + +So again much like my previous post I'm going to try and simplify a lot of rather complicated issues so that when MOASS happens and people flood to superstonk to see what the hell is going on there will be clear and simple data that I hope people without existing knowledge can digest because ultamitely the financial powers will need a scapegoat to justify continuing this incredibly broken system rather than actually fixing it and making it fair. + +# SPACs + +"A special purpose acquisition company (SPAC) is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) or the purpose of acquiring or merging with an existing company. + +Also known as "blank check companies," SPACs have been around for decades, but their popularity has soared in recent years. In 2020, 247 SPACs were created with $80 billion invested." + +It is normal when monetary policy relaxes to see an influx of people/companies trying to make the most of it, this can present exciting opportunities for new companies breaking into the market but this can also lead to a lot of companies without a plan taking a huge influx of cash they wouldn't normally so by nature all SPACs no matter how promising they seem on paper are speculative. + +SPACs are largely popular due to the loose regulations (on wall street? \*GASP\*) Until 2020 the record number of SPACs was in 2007 with 66 which I will show shortly with a graph but before I do. + +A recent article in the WSJ issued this *warning*, + +" The companies with warnings amount to more than 10% of the 232 companies that listed through SPACs in that period, Audit Analytics said. That percentage is roughly double that for companies that listed through more-traditional initial public offerings, Audit Analytics said. The count excludes hundreds of IPOs by blank-check companies—SPACs before they merge with a private company—which often carry going-concern notices of their own. " + +While 10% of 232 is a very worrying amount this is just what the WSJ is reporting on and for data that is currently available, much like most things on superstonk once we see the real numbers it's going to be A LOT higher. + +https://preview.redd.it/cxmvlwsr6e291.png?width=729&format=png&auto=webp&s=84a47c49fec2bb9941a83ce11f68db8098b4f34b + +SPACs are speculative by nature, and bubble by exploit. More than 10% of SPACs in 248 are reporting they may not survive the next 12 months, well we don't have data on the record 613 SPACs OF 2021 nearly 10x that of 2007 but I'm pretty sure it's not going to be pretty. There is a wave of unemployment and bankruptcies coming. + +# Savings rate dropping and debt defaults rising. + +Personal saving as a percentage of disposable personal income (DPI), frequently referred to as "the personal saving rate," is calculated as the ratio of personal saving to DPI. + +Personal saving is equal to personal income less personal outlays and personal taxes; it may generally be viewed as the portion of personal income that is used either to provide funds to capital markets or to invest in real assets such as residences + +&#x200B; + +https://preview.redd.it/yubgjdnwce291.png?width=1168&format=png&auto=webp&s=2be6b204ac5a63814531180665fbe2292845cefa + +This is as far back as the data goes but you can see the absolute insanity that happened during the lockdowns in terms of people saving money through whatever reasons and when I say insanity I'm not saying it's insane to save money, I'm saying to more than double the previous all time high from a data stand point is insanity. Now we can see due to rising inflation, general cost of living crisis that the personal savings rate is plummeting like Robinhood stock. + +Now a lot of people are left with a choice of whether they wish to eat or pay back their loans with no relief. This is leading to a huge surge in defaults on personal loans, credit cards, car payments and mortgages. + +The share of subprime credit cards and personal loans that are at least 60 days late is rising faster than normal, according to credit-reporting firm Equifax. In March, those delinquencies rose month over month for the eighth time in a row, nearing their pre pandemic levels. Delinquencies on subprime car loans and leases hit an all-time high in February, based on Equifax’s tracking that goes back to 2007. + +Spending rate and default rate are both increasing after dropping significantly during the pandemic. + +&#x200B; + +https://preview.redd.it/pl4e9dn7hf291.png?width=1168&format=png&auto=webp&s=83d80de34f8f5e1b57d40210ad29f3db1096c47a + +https://preview.redd.it/ppn9amn9ue291.png?width=1168&format=png&auto=webp&s=04f2fca50d7fb32ffad19f4c111baef2c3a02c2e + +Some 11% of general-purpose credit cards held by consumers with credit scores below 620 were at least 60 days behind on payment in March compared with 9.8% a year prior, according to the latest data available from Equifax. Personal loans and lines of credit delinquencies came in at 11.3%, up from 10.4% a year prior. Both categories hit Covid-19-era lows of 7.5% and 8.3%, respectively, in July. + +Car loan and lease delinquencies hit a record in February, based on Equifax’s tracking, with 8.8% of subprime accounts behind on payment by at least 60 days. That edged down to 8.5% in March but was still the second highest level on record. + +Rising defaults were inevitable with the sharpest interest rate rise in years and they are looking to continue. The working class and lower income families are already suffering immensely, that will continue to bleed into the middle class as the rates continue to go up by 0.5 and possibly even higher as the battle with inflation continues. + +Wall Street being the insatiable beast that has found a way to make this worse too, here's a snippet from a bloomberg article in May. + +"Repackaged auto loans seem like an unlikely place for mauled credit investors to hide, but they are outperforming and issuance is at a multi-year high. + +Corporations have sold more than $58 billion of asset-backed securities supported by auto loans this year, about 20% more than at this point in 2021" + +&#x200B; + +https://preview.redd.it/kpu8uqh44f291.png?width=704&format=png&auto=webp&s=cb75d4f40fe210226347a8284bd7c64ca7b6f460 + +If this is beginning to sound familiar it is because defaults on Mortgage backed securities (MBS) were at the heart of the financial crisis in 08. ABS is backed by the price of the car which until this point has been rising like crazy, much like the housing bubble in 08, what happened in 08 when people couldn't pay their mortgages? The collateral is seized and the value drops. + +&#x200B; + +https://preview.redd.it/tj6nqzhkdf291.png?width=1168&format=png&auto=webp&s=36aa46a22d2a4b3e4aa179f01c4a01eec04e5668 + +"But auto loan debt is ultimately backed by cars, including loans made to subprime borrowers. Prices on both new and used vehicles are up with prices on both new and used vehicles up 14% over the last year thanks in part to shortages of chips, according to US consumer price index data and the Manheim index. Used car prices have been falling in recent months, but new vehicle prices are still rising. + +In addition, the bonds typically mature within a few years, and with unemployment at just 3.6%, investors are willing to bet that consumers will keep paying their loans in the near term." + +Here is a graph to show just how inflated the used car market in the US is right now. + +https://preview.redd.it/vfkd0kj59f291.jpg?width=4497&format=pjpg&auto=webp&s=056b22dcdbeacd8ad061ec1e94d298755f587fa1 + +Now with inflation still running hot, supply chain issues it may seem logical to think that prices for used cars will just continue to increase but with the increased cost of living, defaults on other payments already increasing and looking at the insane levels used cars are currently trading I believe this is about to change. + +***"Consumer Sentiment declines from April.*** The initial March reading on Consumer Sentiment from the University of Michigan declined 9.4% to 59.1 from 65.2 in April. Consumers’ views of both current conditions and future expectations declined similarly. The expected inflation rate was stable. Consumers’ views of buying conditions for vehicles declined to the lowest reading this year. The daily index of consumer sentiment from Morning Consult has also declined so far in May. As of today, the index was down 0.4% week over week, leaving the index down 2.1% for the month so far. " - Manheim Index. + +To simplify this, a lot of people have massively overpaid for cars for a variety of reasons and Automotive backed securities (ABS) are worked out on the value at time of purchase, as would any agreed payment plan. Defaults are increasing rapidly as now some people cannot keep up with this current cost of living crisis and are having to prioritise what monthly repayments they make. This is a systematic risk to anyone trading ABS however number of trades are surging showing that wallstreet is ignoring the risk once again as we the amount of $ in loans relating to motor vehicle loans surges to new all time highs at $1.3T + +&#x200B; + +https://preview.redd.it/b3g6iz8off291.png?width=1168&format=png&auto=webp&s=a43d346c7af9430248d70399c0e72171d6c05c24 + +So despite the evidence that things are turning and becoming incredibly bearish and that the possibility of the mother of all crashes is coming why outside of the major indexes is this being ignored? Just pure greed from wallstreet gaming the system and wrecklessly gambling away pensions. I have asked myslef this in the past when thinking about MOASS, why haven't they given up yet? The only awnser I have is that, they can't. I've thought to myslef why don't they just let the stock run and see if a few apes jump early and start selling for pennies on the dollar because investors have seen the price in the hundreds, they know how that feels. Apes are yet to see prices in the thousands, why not dangle the carrot and the only reason why I think this hasn't happened yet is because they can't afford to and they are waiting for a bailout. + +For now apes I'll end part 1 with this message to all shills, hedgies, shorters etc... The players have started to figure out the game... + +&#x200B; + +https://preview.redd.it/jht57cn3lf291.jpg?width=500&format=pjpg&auto=webp&s=9d5ac772a1e6dd61c13b138fb5ba6c081b7ef335 + +&#x200B; + +BUY. HOLD. DRS. VOTE. SPLIT. MOON. +It is just money, no point in getting too upset. However if you feel you might do something stupid this is where you can get help (if you are from the US): + +1-800-273-TALK (8255) +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! + +One of the most common questions I get asked is if we don't invest in a major city how will we get any tenant? + +My husband and I invest in towns with populations ranging from 5k to 60k people. We have never had any problem filling units up with tenants. + +We just closed on 2 single family houses in a town with about 14k people. We will have it renovated and then list it. We haven't even started working on it yet and we already have people calling us asking about them. + +As in just by word of mouth alone we already got a line of families wanting to rent those houses a month before we intend on making it available. + +We had a duplex in a town with 5k people and we got half a dozen applications within minutes of listing it. + +So, please stop thinking the only way to make any money from REI is in a major city. +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! + +As someone who’s recently made a significant amount of money in a very short period of time, most of my friends are still grinding away at their jobs. While I have a few friends who are happy for me, I feel that many of my friendships have worsened or grown distant. + +Topics that aren’t directly related to wealth get misinterpreted as having to deal with money, and I can see people being upset, stressed, or disappointed at themselves as they compare themselves against me. I’ve always been generous, but now it feels harder to have people over or treat certain friends to meals. I avoid talking about money at all now, but the reality is that I’m proud of my success and it sucks that I can’t share it with anyone except for my wife because it would upset others. How do you all handle these situations? +I’m now starting to invest and I need help with which ETF to buy and hold long term. Going the simple route. + +1. VTI/VXUS +2. VOO/VWO +3. VT + +Should I add a dividend ETF to any one of these? If so, which you recommend? + +PS: I have a little savings, no 401K. I don’t work cause of medical issues. +*EDIT* +When you make a post that gets hundreds of comments and are compelled to read them all. My little comment babies, I love them all equally lol. + +But srs. Thanks for the responses, some severely conflicting opinions. Nevertheless I am getting my learning on. + +_______________________________________________________ + +I have always been curious about this, but never had anyone to ask. + +For those of you with cars 150k and over. +How did you go about this? + +Is it financed? What are the monthly repayments? +Did you buy it outright? +What does insurance cost? +Are there any overlooked costs that you now know, but didn't before? +Also, congrats. +I earn around 100k a year and have saved enough to put down a 20% downpayment for a 800k property. Except I don't really feel as though I want to make a purchase given what it'll get me. + +800k is enough to get me a two to three decade old two bedder in the inner city suburbs. That's about it. No house and no backyard. Place will be okay by myself but god forbid if I want kids or a larger dog - suddenly everything will be way too cramped. I can buy something further away from the CBD - sure - but my company doesn't do WfH and even places that are 30-40 minutes down the train line aren't that much cheaper...especially if you want a suburb which is relatively safe and modern. + +Its just...not worth it I feel. Don't get me wrong - Sydney is a big city in a developed country. But its not exactly NYC or London - yet the house prices are comparable. Why is that? I just feel its not worth it to get myself into a 20-30 year loan for a property that is most likely older than I am. Like you save and you scrooge and you work your butt off but what do you have to show for it? + +I don't know - the whole thing makes me depressed. +How many times do the mods have to repeat themselves. + +This group is growing larger and larger and the quality of posts are getting lower and lower, come on guys at least use proper grammar and spelling so we don’t look as retarded as we really are. + +I know we’re all autistic but come on there’s literally a post every day about the pre-market and wtf it means, posts about T+2 trading and wtf that means, no effort fucking stupid PSA announcements, get that shit out of here take the time out of your day and research, if you can’t even do that then I’m afraid you shouldn’t even be trading, not even amongst us retards. + +Thank you for your time, fuck off, make some tendies, post GOOD quality DD posts, post FUNNY fucking memes and last but not least don’t forget to drop your wife off at her boyfriends house +Wow guys, finally pfizer just announced there will be an emergency autorizhation application at the end of november, this is great news for the world, as for the stock market, expect huge volatility now, people will run from the Pandemic plays and run to more industrial names here is the link for the complete study: [CINICAL STUDY](https://clinicaltrials.gov/ct2/show/NCT04368728?term=bnt162b2&draw=2&rank=3) + +[NEWS](https://ibb.co/vP3HB5F) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I know there probably aren't many economists working in the video game industry, but what are some sources of information on video game economics? And by video game economics I mean everything related to video games including things from in-game economy to monetization. I'm 99% confident that related articles I've read on the internet are not written by economists/economic students, all they do is just reference some basic concepts at very surface levels. The content I'm looking for should be academic and mathematical. + +Examples of Potential Topics: battle pass and price discrimination; Numerical value (gold, experience, etc.) design; something game theory/market design related. +Does it ever feel like the Canadian market acts like unsupervised children on days when the US markets are closed? I was watching the price action of the Canadian S&P500, US total market, and NASDAQ 100 ETFs, and their movements made no sense. + +Is it driven by pure supply and demand on days like today, or by some correlation to the futures? +I've read that a lot of people here are super bullish on the Metaverse and various "digital words" + +As a VR consumer and developer I however am very skeptical that the masses will flock to an digital world. + +The metaverse is not a new concept, its been around since the 90s if not further back. There is already a form of metaverse called "Second life" where you can own properties, join communities and pretty much "live" in a real world. + +&#x200B; + +Now I know a lot of people will say that we simply don't know the possibilities yet and we are thinking too simple minded but let's be creative. What could be some use cases that people would prefer doing digital vs real life? + +Metaverse cinema? Yeah that already exists in current VR games and it's really not that fun and you obviously can't recreate the pixel density nor the actual sound acoustic that a lot of people don't get from their home system. + +&#x200B; + +Meetings? Yeah I guess if you prefer to strap a VR headset on you and be forced to see your digital coworkers instead of having a 2D Teams screen where you can actually do something else than stare at your coworkers during the meeting. + +&#x200B; + +Dating? I almost don't want to go into this. Are you telling me a digital date would surpass the actual real life vision of a human, the smells, the toucing hand? + +&#x200B; + +Virtual jog by the beach? I literally saw this example on the sub. You think people would really want to jog in a virtual beach oppose to actually going outside? + +&#x200B; + +Whatever the metaverse is it will be a subpar experience to the real thing. Unless we can advance graphic rendering by a hella of a lot or actually tapping into our senses I fail to see how the metaverse would "awe" anyone. + +&#x200B; + +If we do go fully Inception, "simulation" reality then we got bigger issues than the Metaverse. + +&#x200B; + +With that said I still think it could be future revenue in this field but it won't be as massive as some people here think. +I'm 38 with $7.5m net worth. Married, no kids. Goal is $10m. My wife and I are both in tech, and she recently retired this year. As we get closer to the goal, I'm considering my own ability to FIRE. I'm growing concerned that I actually can't do it, and it's not about money. + +I fully agree with the notion that you *need* something to FIRE to, and unfortunately this is what I lack due to my condition. I was recently diagnosed with high-functioning autism (aka Aspergers). My condition expresses itself in many forms, but the relevant part is that I find 99.9% of things absolutely dull and uninteresting. There are only a handful of activities that I can actually get into, and when I do they quickly become unhealthy obsessions rather than hobbies. I'm fortunate that I find my job interesting, and I credit my condition for allowing me to grind hard and long enough to get to where we are. My fear is that leaving the workforce would boith mean losing one of a few interests I have left, and leaving the stability of an enforced cadence for my life. + +I'm reaching out to this community to see if there's anyone else out there in a similar position. If you have a similar condition and you're on the FIRE track, or you've been FIRED, how are you dealing with this issue? + +--------------------- + +Edit: I just wanted to thank everyone for joining in on the conversation and helping myself and others who will read this in the future. You've given me a lot to think about. +Two months ago I decided not to renew my contract with the Army and got discharged having saved 15K€ after a 2 year contract (1000€ net per month), which for me is a fortune since I was used to live paycheck to paycheck before enlisting (not a spendthrift, just come from the lowest possible social class). + +I immediately started researching what to do with all the money (hell I didn't even know what an index fund or a dividend were - just like anybody surrounding me), so I spend quite a few lockdown weeks reading basic economy and investment articles, watching youtube videos, learning about economic history... this sort of stuff. + +After much though and research I came with the following portfolio (nothing's fixed, everything's still on paper): + +* 8K as an emergency fund. I'm receiving unemployment benefits till May which will allow to sustain myself for a while (900€/month, my current monthly expeses are around 600€), but since I'm still jobless I'm reserving this amount of cash, just in case. +* 7K with the following distribution: precious metals (38%), medical crowdfunding (3%), BTC & ETH (10%), 12 altcoins (8%), 2 metaverse-only-related altcoins (1,5%), stocks (23%), UCITS ETFs Equity (3%) and UCITS ETFs Bonds (5,3%). Still got c. 650€ (8,2%) unallocated. + +1. Stocks: I mainly focused on high-dividend American companies (except for Nestlé) related to consumer staples and healthcare, also picked AAPL, MSFT and GOOGL (1 share each). +2. ETFs about stocks: [VNRT](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-north-america-ucits-etf-usd-distributing?intcmpgn=equityusa_ftsenorthamericaucitsetf_fund_link), [VERX](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-developed-europe-ex-uk-ucits-etf-eur-distributing?intcmpgn=equityeurope_ftsedevelopedeuropeexukucitsetf_fund_link), [VAPX](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-developed-asia-pacific-ex-japan-ucits-etf-usd-distributing?intcmpgn=equityasia-pacific_ftsedevelopedasiapacificexjapanucitsetf_fund_link), [VFEM](https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-emerging-markets-ucits-etf-usd-distributing/portfolio-data?intcmpgn=equityemerging%20markets_ftseemergingmarketsucitsetf_fund_link), [IUHC](https://www.ishares.com/uk/individual/en/products/280507/ishares-sp-500-health-care-sector-ucits-etf), [IUUS](https://www.ishares.com/uk/individual/en/products/287115/ishares-s-p-500-utilities-sector-ucits-etf-fund), [IUCS](https://www.ishares.com/uk/individual/en/products/287102/ishares-s-p-500-consumer-staples-sector-ucits-etf-fund) (1 share each). +3. ETFs about bonds: [VETY](https://www.vanguardinvestor.co.uk/investments/vanguard-eur-eurozone-government-bond-ucits-etf-eur-distributing?intcmpgn=fixedincomeeurope_eureurozonegovernmentbonducitsetf_fund_link), [VECP](https://www.vanguardinvestor.co.uk/investments/vanguard-eur-corporate-bond-ucits-etf-eur-distributing?intcmpgn=fixedincomeeurope_eurcorporatebonducitsetf_fund_link), [VUTY](https://www.vanguardinvestor.co.uk/investments/vanguard-usd-treasury-bond-ucits-etf-usd-distributing/portfolio-data?intcmpgn=fixedincomeusa_usdtreasurybonducitsetf_fund_link), [VUCP](https://www.vanguardinvestor.co.uk/investments/vanguard-usd-corporate-bond-ucits-etf-usd-distributing?intcmpgn=fixedincomeusa_usdcorporatebonducitsetf_fund_link), [VUSC](https://www.vanguardinvestor.co.uk/investments/vanguard-usd-corporate-1-3-year-bond-ucits-etf-usd-distributing?intcmpgn=fixedincomeusa_usdcorporate13yearbonducitsetf_fund_link), [ITPS](https://www.ishares.com/uk/individual/en/products/251714/ishares-tips-ucits-etf) (1 share each). + +**Just a few things:** + +\- Right now rather than becoming financially independent I'm truly concerned about keeping my humble wealth safe, since every single economy buff out there is predicting 2022 as the next economic doomsday scenario (I'm super paranoid about losing my savings in a finger snap due to inflation). + +\- Asking from pure ignorance: why is everybody recomending all-word ETFs when their allocation is almost exclusively focused on the US? I get it's the most competitive market, but wouldn't it be wiser to invest in multiple region/continent ETFs so you can also get a good stake on emerging markets? + +\- How good are IKBR, Binance and Coinbase for the average Spanish user? + +\- I run out of creativity and simply have no idea what to do with that cited remaining 8,2%. Would you diversify more or get more shares of already-in-mind stocks? Would you leave them and wait for a bear market? + +\- Before someone ever mentions it: No, there is no one in my social circle that can give me professional financial advice (I don't plan to get it from here either, just read and learn from others experiences), everybody is a blue collar worker where I live. + +\- Feel free to ask and shred my plans to pieces. Have a nice day. +This is not financial advice, I'm not a professional, make your own decisions. + +With recent DD about Brazilian shell companies having 1M puts and the Credit Suisse report about Archegos liquidation, it is a fact there has never been any attempt to cover the original 226% SI. Therefore, the current %SI is higher. We don't actually need to know how much higher it is. Being above 200% is enough for very simple ape math. + +Once the liquidation mechanics start, all of it has to be purchased back, continuously decreasing the %SI until it reaches a very low %, maybe even 0% depending on the price. The price will fluctuate during this process. With this enormous buying pressure it has to go up, but it might not do so continuously. As liquidations happen, the price increases which triggers more liquidations. Those might take time and in the meantime dips may happen. During those dips fear and pressure to sell will certainly be above anything we have experienced. + +Now imagine that during this process half of the shares that need to be repurchased are not available for sale. It is as simple as 1. not using margin, 2. not having a stop loss, 3. not having an open limit sell. If this situation occurs the ask price has to go up forever in order to close the short positions. + +That's all there is to understand about the infinity pool. With very conservative math (we only need %SI > 200% to be true), if every other share held by retail is not for sale, the underlying asset is literally the infinite money glitch. + +Remember this in the darkest of times when reddit might be down and crazy things will be happening. + +I fully expect this post to be down-voted into the abyss in the seconds following the publication, you know the drill. + +BUY & HOLD GME +My wife and I have found ourselves in a situation where our best option is to move into our investment property as soon as we can. The lease (which was already in place when we bought the property) goes through August. We recently sold our primary residence and were going to move to SC near our property and buy a new primary residence, but with interest rates getting so high, we decided we were going to move into our rental since we already have a locked interest rate on it. + +We were totally fine waiting for the lease to end while we stayed with my mom for a bit, but we just found out that we're pregnant again (we already have 8 month twin boys) and don't want to have our baby in this current situation. + +I really don't want to put the tenant out. He's a single dad of 2 daughters and from what I can tell, his rent is a pretty good deal right now that he may not be able to replace. I was thinking of offering him $10K to move out by the end of January, but I don't want him to feel pressured or forced either. What are your thoughts? +"Give a man a fish, you feed him for a day, teach a man to fish, you feed him for the rest of their life" + +...But what happens when they refuse to fish? + +\------------- + +A discussion brewed between my family members tonight, where I pointed out the difference between the thought process between the "less fortunate" and the wealthy. I laid out a scenario where someone making minimum waged receives a cash infusion of $10kk, what do you do? + +Everyone said "buy a car" or "pay off bills" etc... I merely pointed out that "the difference between the wealthy and the poor is how they view money"; then explained how "one class views it as currency, the other views it as capital". I then went on to explain how capital works for you whereas currency works against you and capped it off with "this is why the poor stay poor and the wealthy remain wealthy". Perhaps I didn't state the scenario as eloquently as maybe the thought experiment deserved (5 glasses of wine in on the evening), but my point was still quite valid. + +Regardless, I'm sipping box wine at my computer now, alone, pouring the intimate details of a heated family discussion to strangers on the internet in hopes of affirmation. But to be honest, the reaction I received from my family members in telling me that I sounded like a "pretentious assohole", gives me all the affirmation I need in knowing that I'm on the right track in changing my view on money. Old me would have taken $10 and spent it on a golf cart, or some stupid shit. New me, however... New me puts that money to work selling Theta, generating that income, penny by penny, dollar by dollar... Because I know that one day, I'll be looking at a network North of $5 Million, and I don't care who's feelings are hurt because of it. + +I'm quite excited about the future and knowing that I'm on the right track and at the final step in transitioning from my old views regarding currency vs capital, and taking my first steps into what I believe will be a very prosperous life going forward. Do I feel bad about the things I said and how I said them? No, absolutely not... As the scripture states (if you're into that sorta thing), teach a man to fish.... BUT if they refuse to learn, then so be it, they never had a chance to begin with... +Everyone says that "if only i had spent more on X coin when it was X price!" but they forget that a lot of them would have sold early. + +so those of you who have held Eth from last January or before, how did you resist selling when it went to 20 dollars but crashed back down to 10? or how did you resist selling at 300 dollars? I'm interested in the resolve it took to hold. + +What was the process? I'm in a similar position right now with another coin which i think is going to have an ETH kind of run, but you never really can tell for sure. + +Hey you got $60 for gas (assuming you even got a car). You got $100/night for a hotel (assuming you can find one). + +Likely driving 10+ hours to find an open hotel. + +You got money to buy food while you are away from home? + + +Yeah just leave. So easy. Just leave. +*Edit: Just to be clear, I am all for interviews like this ( https://www.reddit.com/r/Superstonk/comments/rytn2f/hats_off_to_rod_alzmann_cofounder_of_gmeddcom_for/ ) where interviewee (u/Uberkikz11) A) takes the interview of their own volition, B) is a serious wrinkle with a documented track record of industry success, extreme industry credibility/integrity, and can undoubtedly go toe-to-toe with **anyone** in the MSM, and can masterfully handle anything they dish out with absolute class.* + + +== == == == == == == == == == + + +Had a few thoughts I want to share after reading this post tonight: *(https://i.redd.it/7cuxsxxhnga81.png -- https://www.reddit.com/r/Superstonk/comments/rymhiu/the_smartest_move_this_subreddit_ever_made_was/)*: + +- All due respect to u/buttfarm69’s thought on this topic of MSM requests for interviews, but we absolutely should follow RC’s example all the way through MOASS: **Judge us by our actions, not our words.** (haha, bananas in the butt, sure, but you all know what I mean by our actions: BUY, DRS, HODL, DD, etc) + +- RC gave us the mother of all blueprints, and it is driving the obviously desperate MSM fucking batshit insane bc they have absolutely nothing to work with. It is so bad, the WSJ fucking LIED just so other MSM outlets could run with it as though it was legit, and the millions of normie investors never suspected a thing. + +- That is THE the way. There is no amount of *active, content-offering trolling* from apes, that could EVER be more effective than **passive, contentless, no-consent, no-endorsement, SILENT trolling** via making the dip shit MSM DO THEIR OWN FUCKING JOBS and report ONLY the facts: (https://www.reddit.com/r/Superstonk/comments/rz3v8n/touchy_arent_we/ 👈 like that 👀) + +- It’s like a fucking high profile hunger strike + a vow of silence: The longer this goes on, the more deafening the silence will become...and the volume is already at fucking 11. + +#BY SAYING JACK SHIT FOR A WHOLE YEAR NOW, RC, GAMESTOP, AND ALL GAMESTOP INVESTORS HAVE FORCED THE DESPERATE MSM INTO A CORNER WHERE THEIR ONLY FUCKING OPTION IS TO MAKE. SHIT. UP. + +#WHY? BC THEY NEED SOMETHING, ANYTHING TO CRITICIZE AS THOUGH IT CAME FROM GAMESTOP. + +#AND WHEN GME DOES TAKE OFF, THEY’LL CLAIM THEY ALREADY TALKED ABOUT THE REASON FOR YESTERDAY’S AH SPIKE BEING NFT/CRYPTO NEWS FROM GAMESTOP, AND THEREFORE, IT MUST BE RETAIL AL-QAEDA EXTREMISTS THAT ARE TO BLAME FOR CRASHING THE MARKETS. + +#LET THAT SINK IN. + + + +🟣🟣🟣🟣🟣🟣🟣 + +*EDIT:* + +*Don’t miss this incredibly important post: https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/* + +🟣🟣🟣🟣 + +🟣 +Hello everyone + +I am a content creator who makes gaming content on Twitch, YouTube, and Instagram. I won't say who I am b/c I don't want my fans, family, and friends knowing how much I make. + +When I started getting popular and making money, my SO and I purchased a house with the intention of paying it off in ~10 years. My popularity increased, and we ended up paying it off in 3. + +I've been in debt my whole life (student loans -> mortgage), but in 2019 for the first time in my life I'm 100% debt free, and it's been slap in the face. Now that I don't have any huge bills to pay, I don't know what to spend the money on. I've been doing a lot of research this past 3 months about money, and have gotten really into FIRE. I make a lot, but content creation is *extremely* unstable. Next year, my income could halve. Maybe it could double. Maybe I could make a viral mistake and my career could be over. So, I want to make the most out of my money now, while I'm in a position to do so. + +* In my 30s, married, no kids (but we're trying) +* My 2019 Income: Roughly $90k-110k/month +* SO's Income: 65k/year office job (I'm on their health insurance) +* Assets: $850k house + $30k car, all paid off +* Cash: $192k +* Investments: $34k with American Funds, $31k in a 401k, $4k in a whole life insurance + +I think the whole life insurance was a mistake. Might cash out of it b/c everything I'm reading/hearing indicates that whole life is a shit deal. I've offered my SO to quit many times but my SO is fiercely independent and doesn't want to be dependent on me. + +I hired an accountant and investment advisor this year. We had our first meeting just before tax season (taxes for content creators at my bracket are BRUTAL... I wrote a $200k+ check to Uncle Sam last year, fucking ouch). We're meeting again next month. (EDIT: I paid $200k taxes on LAST YEAR'S salary, which was ~500k/year). + +So my question is, what do I do with the money in my situation to make the most of it and secure my financial freedom? I'm planning on busting my ass to try to maintain this income for as long as possible, but honestly who knows with streaming? I'm thinking about investing aggressively, putting in maybe like 50k/month. + +I realllllly like the idea of the passive income I've seen a lot on here, where people have a few million invested and draw a salary from it without touching the principal. That would give me the one thing that is critically missing from my job: security. + +I hope I'm not coming off badly in this post. I realize my situation is very good and me asking advice might seem silly. It's just, I've been so focused on building the business that I never took the time to learn financial planning, and the incredible instability of my job gives me a constant, nagging fear that it could all come crashing down any day. I just want secure my family's future before viewership starts to dip. +&#x200B; + +https://preview.redd.it/6tv9n2023k971.png?width=1600&format=png&auto=webp&s=e7d41e9b0472d64c3baaf515a68cbcc405748dbb + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/jvbsr1y33k971.png?width=680&format=png&auto=webp&s=9fbe18b287ea334f1c04e92f0e7045ed390c7c0b + +The reverse repo's + +&#x200B; + +https://preview.redd.it/8sc0ui1c3k971.png?width=688&format=png&auto=webp&s=95f0c1236f6cef31bb3bdabf8d75eeb00df90ac2 + +seems like the weekend was a quiet one for change + +# Peek-a-boo! I see 103M hidden shorts + +u/WhatCanIMakeToday made a thead [here](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +His post goes into checking the married puts/calls action, worthless OTM married puts are to hide short interest and Deep ITM calls are to hide/reset FTD’s and after Feb 1'st they went up quite a bit. + +It's an interesting read and idea that they indeed try to hide their short position with deep itm/otm married puts and calls. + +&#x200B; + +https://preview.redd.it/dwnri9mr7k971.png?width=720&format=png&auto=webp&s=a8230fbd2f2721f046cd82064813d5aa4398a0c7 + +# The apes of the group + +u/zedinstead made a list of all the apes and what they do in the sub, it's good to keep this aside just in case it ever becomes useful for you, it's ranging from dank memelords to people who post TA. + +the list can be found [here](https://www.reddit.com/r/Superstonk/comments/oek6xl/im_just_a_guy_that_likes_the_stock_and_likes_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[no one is quite sure what it means...](https://preview.redd.it/fnvsu0qt7k971.png?width=1080&format=png&auto=webp&s=0bcd8e88f5e621def441bf0f802f8cb50648843d) + +# US stock falling down + +[https://www.afr.com/markets/equity-markets/goldman-sachs-predicts-us-shares-to-begin-falling-20210705-p586yf](https://www.afr.com/markets/equity-markets/goldman-sachs-predicts-us-shares-to-begin-falling-20210705-p586yf) + +Now goldman is predicting that the us shares will fall soon, now isn't that a thing 🤔 + +But wait there is more. + +Reuters is reporting that our current situation isn't unlike other situations we've had before, mainly the crashes, but this time it's worse. + +[https://www.reuters.com/breakingviews/chancellor-this-time-isnt-different-scarier-2021-06-03/](https://www.reuters.com/breakingviews/chancellor-this-time-isnt-different-scarier-2021-06-03/) + +(also this is written by Edward Chancellor not THE chancellor) + +And the Zoltan also saying there is danger on the horizon + +[https://www.wsj.com/articles/credit-suisses-zoltan-warns-of-trouble-ahead-in-money-markets-11625391002](https://www.wsj.com/articles/credit-suisses-zoltan-warns-of-trouble-ahead-in-money-markets-11625391002) + +&#x200B; + +Now if I were a wrinkled ape, I would think this spells out danger for the banks/stockmarket in the months to come. but I know I'm smoothbrained at best + +https://preview.redd.it/y531tywu5k971.png?width=596&format=png&auto=webp&s=45cccf8065baa9b34f39fae309f98b623d3c4762 + +&#x200B; + +https://preview.redd.it/baxpq78f6k971.png?width=4096&format=png&auto=webp&s=68a0f9c52e856430c184eb047357e7047b4b3544 + +Daily Short volume by [https://twitter.com/Annihil4tionGod](https://twitter.com/Annihil4tionGod) + +&#x200B; + +https://preview.redd.it/2ou631tk6k971.png?width=4096&format=png&auto=webp&s=b1e0d6893c41344d53aaca658ca4650b2557ae63 + +# RC's tweets are timed with ETF FTDs + +u/dentisttft also has a theory that he might need some more eyes on, because perhaps this one holds true, and we can fill in the blanks were needed, or it's false and we can see why. + +Either way it's interesting as hell to think about and think that there may be something there + +You can check out his thread [here](https://www.reddit.com/r/Superstonk/comments/oeahh2/rcs_tweets_are_timed_with_etf_ftds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/xk1lno7y8k971.png?width=799&format=png&auto=webp&s=648c8daad71b0bb7ecfadcf5f02fafa80b30f7ff + +# Technical TA math stuff + +u/MOSfriedeggs made a TA, which shows mostly bullish signals, and even something that's even more rare then we normally see in TA **Historical Volatility Percentile** signal was given off last month, meaning we could see some big rips in the coming weeks. + +Check out his thread [here](https://www.reddit.com/r/Superstonk/comments/od7swq/wen_moon_10_endgame_final_ta/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/pmfn665z8k971.png?width=554&format=png&auto=webp&s=8be07f86f0a4a67e9bb3e2c28dabc2258eee5bdc + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +https://preview.redd.it/g6z3wh119k971.png?width=400&format=png&auto=webp&s=dfb1c6d1204518d6404068c60ddc2cb7a54cd0b3 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit 1: + +Gamestop continues expansion of their fulfillment network + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-continues-expansion-fulfillment-network-new-facility) + +&#x200B; +It might be just me, but all the problems Status and Bancor brought to the network killed the hype for many and made investors (which aren't white collar guys in Goldman's office, but probably guys like me and you who invested some savings in cryptos) less eager to invest. + +Let's face the reality: + +-not a single crypto out there has a real case use safe for Bitcoin. + +-blockchain technology is cool but extremely limited in real spreaded adoption for payments, blockchain gets bigger and bigger and bigger + +-not a single network doesn't clog once high volume of transactions happen in the range of few hours. And they want to build dapps, smart contracts and super computers over it? We are in the embryonic stage of blockchain technologies. Please. + +-those fuckers that got hundreds of millions in ETH and Bitcoin are probably the first selling since a week or so getting the price down. + +-so many tards gave thousands and thousands to those ICOs based on hope and hype, without reading a single line of code or thinking IF the ICO itself had any use (especially thinking about ETH's tokens). 140 millions to Bancor to solve the "problem of the two wants", wow. + +I still believe cryptos are the future, ain't gonna say if you should sell or hold, I think anybody telling you to sell or hold is just pursuing his own interest, not yours. I know that if I got into ETH below 60 $ I'd be selling everything tho. + +So please: + +-stop buying those ICOs unless you **really understand what's the ICO about**, stop speculating, 90 % of speculators lose money in the financial markets and you want to make money in cryptos? Good luck. + +-**study**, **study study**. You need to understand what you're buying, what you're investing into. I'm sick of reading about people taking loans to invest in what they don't even understand. + +Cryptos are the future, but rest assurd that 99 % of those cryptos will die after the real bubble will pop (the last days are just shakes), ETH will probably die, banks will probably invest in their own blockchain (like R3), Visa will develop its own, ecc, ecc. + +We don't know how the future looks, but for your own good and savings **stop buying what you don't understand**. + +ARK is cool, sidechains, can connect to other blockchain, yeah cool. **And what's the fuckin utility!??** I asked this to many ARK supporters not one of them explained me what's the use of those sidechains. + +SIACOIN is cool, wow, such real case use. Sia promises 2$ for a terabyte/month of storage. Did any of you ask himself "would I invest in a 50$ terabyte hard drive and keep it up all year to see a return after 2 years"? Oh,and you have to include bandwidth. And redundancy. Oh, and the Solomon-Reed algorithm will make 1 TB of files much bigger. Did you ever check how expensive is getting 1 TB on a different (regular service)? Online NAS or Virtual Machines? Did you know that Bandwidth is free on Dropbox up to 200 GB/day? And that you get unlimited storage for 15$ a month? And tons of services and much less risk than Sia network? And by the way, hosting on Sia is actually between 2.80 and 5.70 per month, without any redundancy. + +Really, I could make a case for plenty of coins out there, and I can be sure that 99% of people don't understand what they're buying yet they put thousands into it. + +I'm sorry but it just sickens me to read all of these "It will go up, bla bla, I'm holding, we've been there bla bla bla", you're not making any valid point, you're still speculating rather than asking yourself "what's the real **value** of what I'm buying/holding?". + +Please realize that all of those cryptos have close to **zero** value, but a huge price. Call stuff what it is. Price is a price, value is a value. + +edit: What's up with all the downvoted comments? +im a autistic 15 year old who gets disability payments and my parents let me use the money to get a sense of finance and planning and budgeting. what should i do with this money ? mostly i just buy stuff in my interests but i also wanna be smart with it +The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig “for research on banks and financial crises”. + +#### Nobel Prize Committee + +* [Video announcement](https://www.youtube.com/watch?v=6ivwtz7cPwg) +* [Summary](https://www.nobelprize.org/prizes/economic-sciences/2022/summary/) +* [Press release](https://www.nobelprize.org/prizes/economic-sciences/2022/press-release/) +* [Popular science background: The laureates explained the central role of banks in financial crises](https://www.nobelprize.org/uploads/2022/10/popular-economicsciencesprize2022.pdf) +* [Scientific Background: Financial intermediation and the economy](https://www.nobelprize.org/uploads/2022/10/advanced-economicsciencesprize2022.pdf) + +This page will be expanded with additional news coverage and commentary as the day progresses. Please direct all Nobel discussion here. +# TL;DR: Pretty picture show hedgies r fukt. + +[1Trillion gone from Crypto since May 2021](https://preview.redd.it/vvr25m60ku071.png?width=2048&format=png&auto=webp&s=0eb9c9f529beb404146c59563a9efc161919386f) + +So i have seen several posts debating firstly the potential size of the collective payout that is going to come for GME, and secondly what the maximum price that will actually be paid for GME is likely to be. + +While everything is a hypothetical until it happens, and I am by no means a maths guy, I submit that the evidence of massive liquidations of the crypto currency market which we strongly think is being cyclically pumped and dumped to raise cash for Citadel and co, I submit that the grand total of 1 Trillion dollars so far just on crypto means that we control the price. + +There are of course the usual caveats that not all of this is GME related, or Citadel related, but involve every other possible reason in addition for every other player involved, preparations for Atobitt to release HOC 2 and 3 and trigger the liquidity crisis, and yada tada yada you get the point. + +But, caveats aside, the fact that 1 Trillion dollars has already been pulled out of just one sector of the market in preparation should be sufficient to jack your tits. + +Every single share of Gamestop both real and synthetic, in market, in dark pools, in ETFs, in options and calls and puts and shorts and everything else under the sun, every single one of them already has a designated owner before this started. Remember that. Before apes began mass buying and holding every single share was already owned. And now they're all “owned“ many times over. What fun. + +This is why they cheated and lied and stole and counterfeited more shares than could ever exist in this company. This is why it is impossible for them to close their positions. This is why they are collectively collecting 1 Trillion dollars just to start with. + +Because every single paper handed bitch in the world selling low couldnt possibly change this maths now that so many synthetic shares are due. Every single share, real and synthetic, must be purchased at whatever price is available. And as the paper hands leave, and shares concentrate in the diamond hands of the apes, the price to buy increases exponentially. + +All shorts must cover + +This is why you are going to win. + +Edit: [Link to TradingView source](https://www.tradingview.com/markets/cryptocurrencies/global-charts/) damn watching that go down in real time across the whole crypto, rather than any particular stock is quite the sight. + +Edit 2 shills got to pump it + +[Headline 1: Bitcoin tumbles 50&#37;. Headline 2: Buy now you fool. Transparent much](https://preview.redd.it/hywxgvkqrx071.png?width=2048&format=png&auto=webp&s=1cc378aeff2e99171575895b61a1dfe1c4de4655) +You can be critical of people on Reddit. Tag them. Tag me, I don't care. But you need to be 1. fair, and 2. safe. This means you do your research and you don't post libel. You have evidence, and it is reliable. When you are calling out plumdragon and the other mods, and any of the younger people around them, you are exposing them to the eyes of the internet. When one of those people is a minor, I am not okay with that. When they are receiving death threats, I am NOT OKAY WITH THAT. NOT OKAY. + +Criticize someone for their character, for their behavior, what they've done, but don't just relentlessly try to ruin their life; ESPECIALLY if they aren't even 18 yet (and even if they are, that's still hella young). It is NOT my intention for anyone to attack any of the old mods. I got tired of things and I moved on. If you want to move on, just move on. Don't ruin lives or bully. + +We may be apes, but we need to have decency. Most of the mods at r/GME have my respect. They were my family. Every day I woke up excited to be a mod and with them specifically. I am heartbroken by what happened but my issues were with a select few, and I understand their anger and most likely anxiety from this whole thing. I approved BOTH new mods and they were always nice and pleasant to me, even starstruck. + +I am letting a LOT slide on this sub that r/GME would remove instantly. But I do have limits. When you enable bullying and do things that might result in someone being doxxed, I need to draw the line. When you make death threats, it's NOT OK. + +I've been an outcast my whole life. I grew up with almost no friends and bullied. Even as an adult I struggle socially and don't have many friends. People have picked on me, and I've been doxxed, and I've been threatened. I have a loaded gun at my side from the thought that some angry asshole off reddit shows up at my house. This stuff is serious, so be careful with your criticisms. Thanks everyone. + +Red + +*Edited due to hearing they received death threats. If you did this, shame on you. I don't want that. +For me, it was my dad. He was a former investment banker turned independent day trader after he retired. When he passed away, I was cleaning out his electronic devices, found his strategies he had in various documents. Being a programmer, I thought "surely these can be automated." After a couple years of part time tweaking, backtesting, and paper trading, I deployed my dad's strategies. Making moderate returns, but no huge losses. + +What's your story? +Jokes aside, with everything that's being going on, we keep hearing about fuel,groceries,CO2 and a million other shortages, and then apparent housing crisis coming, evergrande(a huge Chinese real estate company, that if it collapses will effect the worlds stock market) on the brink of collapse apparently, etc etc. Its all doom and gloom. + +Does anyone think a crash is coming? + +If you think there is a crash coming, what will your strategy or plan be? + +Selling out soon, and buy back in during the crash? + +Just ride it out, time in the market beats timing the market? + +There is no crash coming, stop panicking and shut up? LOL + +The market has all things considered, performed well since March 2020, I personally believe cyclical stocks are going to perform tremendously when we finally break free from the limitations and worry of covid, but I worry(maybe a bit to much) that other factors are going to cause us issues. + +I say all this relatively light hearted and without trying to panic myself or cause panic, i keep hearing all these issues and wonder what the general consensus and thoughts of the community are. + +TIA for replies. + +_I feel like this is within the rules after reading them and seeing other post, I really dont want to get banned, I hope this is OK._ +I've been around for all of RC's tweets. This is by far the most direct and to the point one yet IMHO. I've seen some Art of War stuff posted recently and I'm not gonna pretend to have read it but I know one of the rules has to be something about "Only attack your enemies when victory is ensured" or something like that. The most RC has said about shorts in the past is simply a pair of [shorts](https://twitter.com/ryancohen/status/1496304618531602432?t=DSsV0RMtpMTqKX-oJ4i5mw&s=19) emoji. Now not only is he putting words to it he also compared the short sellers to the stormtroopers of star wars. Which were basically scrubs. But even worse than that he called them the DUMB stormtroopers. Man oh man it doesn't get any better than this. + +Tldr: Ryan has his eyes on the path of victory and it cannot be stopped. Otherwise he would not have called out his enemies so blatantly. The battle is ours apes. It's been a pleasure boarding this rocketship with you. I'll see yall on the moon soon!! 🌙 🚀 👨‍🚀 +Not directed at international apes, 401ks, etc. + +I was scrolling through this sub as I normally do multiple times a day, and the thought crossed my mind, we're registering shares at a great rate right now, I just hope the trend continues. Are there any apes out there that are still on the fence? Do you have worries about trusting CS? Are you nervous to get on the phone? Do you flat out just not want to transfer your shares from your current broker? + +This community has shown me just how truly supportive a group online can be and if there is any questions or concerns we can together answer for you to help you feel more confident in transferring, let's do it! Ask away! This is a no shame, no holding back, get it out in the open discussion. + +What is stopping you from transferring your shares? What would help you feel more comfortable and make the decision? + +Note*** this is not financial advice, purely for informational purposes only. +Hello all. + +I work in a Crossfit gym and just got a promotion to a full time salary position at $20k/yr + bonus per class I coach. I didn't think it was much but I figured that's what most coaches make so I signed it. + +Go into the gym today and see another coach got a promotion to the same position at $33.5k. I saw it on a paper left out by accident I assume. I work much more than he does, I do more for the gym outside of coaching, I clean, I work 7 days a week vs his 4 or 5. It was very upsetting to me and demotivating. I do a much better job than he does, as said by my bosses themselves. + +I love this job and work extremely hard but this is definitely hit me kinda hard. I feel undervalued. How do I approach my employer about this? + +UPDATE: scheduled a meeting with the owner tomorrow. Going to try negotiate a better pay. I will mention that I saw the other workers salary and make my case for why I'm undervalued. I'll update you guys on what happens + +UPDATE: just had the meeting. Told him I feel undervalued and what I bring to the company. He didn't seem like he was gonna budge but he's having a meeting today with the other owners to figure some stuff out and said he would have another meeting with me. I didn't bring up that I saw the other workers pay. + +ANOTHER UPDATE: just asked a former employee(who I replaced in the same exact position) what he was making and he was at $14.50 hourly. This works out to over 30k only working 40 hours a week. Damn +BTC was basically unusable at the end of 2017, with fees insanely high. I played around with the Lightning via the Eclair Android wallet on the Testnet, but the whole experience left me a little... cold. Ultimately I fell out of love with the concept of Bitcoin and sold most my holdings for fiat and converted the remainder to ETH, which I already had a little of. + +I'm far more interested in ETH a tech platform, but it does hurt when I see my ETH holdings slowly losing BTC value! +First and foremost, I want to say thank you to all of the people who put their time into reading this post, and thank you 100x for those who help by commenting. + +I work at a car dealership in a town in Arkansas that I’d about 3hrs away from my hometown. Recently, my grandmother has passed and she left me $93k in her will. I really don’t have any needs with that money currently (only $3k in debt from school, no relationship, have a reliable vehicle). My dad has mentioned since he was a real estate agent that I should buy a house with it. The thing is, I have never wanted to live in Arkansas for as long as I have even now. I am open to the idea of moving to a new area and buying a house still, but since I have a dog I can’t do any real wild ideas like a year-long gap year. + +What do you think is the ideal way to go about building my wealth with this money & staying responsible? +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) 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) +Hello to ETH holders, + +Over 6 years have passed since owning bitcoin and not selling. Today I have decided to sell it all and purchase ETH instead. + +I regard the potential of ETH to be the highest of all other coins, that is why I decided to go All In. + +Some will think its very dangerous to place all eggs in one basket- but as of this moment, it is the only coin I believe in. + +Few minutes ago I have purchased 4,500 ETH coins valued in total: 10M$. + +**Why have I done this?** + +**1)** In my opinion Ethereum will reach a 1Trilion dollar market cap in the 2 following years, if not this year. + +**2)** Ethereum is much faster than Bitcoin and other coins, which serves immediate buyers and sellers. + +**3)** Ethereum 2.0 will bring a significant change for the better of the coin. + +There are numerous other reasons behind this investment as well. I will not detail them all here. + +As of this moment, my Upside Ratio on the coin is: 300%+ (valued 7,500$ per unit) which I believe will happen the following 2 years. + +I will post my position each month for 2 years on this post, so we can see the growth together. + +I wish anyone who holds much success. + +Please share this post so that others may see and take part in this coin. Together we will reach the moon and beyond. + +In the video below you can see my investment in my 2 binance accounts (+subacc). + +https://reddit.com/link/mywgid/video/tnz2anp3giv61/player + +https://reddit.com/link/mywgid/video/i6609vp3giv61/player +Today I paid off my credit card debt. Or my douchebag debt as I like to call it. I was married to a man who was severely bipolar, who constantly spent money we didn’t have. We spent 8 years together and during that abusive relationship, I thought I was bad with money because somehow I ended up with $11000 owing on a card with a $9000 limit, on top of a multitude of other debts that would get docked from my pay, or from his. We never had anything, lived in a shitty, moldy flat, and he regularly racked up parking fines, speeding fines, fines for no warrant or registration (he once managed $600 in fines in an hour). Rent would somehow not be paid when he was asked to pay it, until the landlord would ring me. And then he would come home with $400 headphones and tell me they were $30. Or new speakers for his ‘DJ business’. I was constantly cleaning up and paying the bare minimum on debt. I never got to spend a thing on myself. + +He walked out on me 3 years ago, leaving me to pay rent and all the bills on my own. Didn’t give me anything. Claimed bankruptcy for himself when I tried to get him to pay. I was left with $9000 on the card, plus other debts because things ended up under my name – even though he was supposed to be the one paying. I was stupid. But he left, and even though I had over $16000 in debt to pay I was free. Every week I paid off a little bit– religiously. And even though I had $5 left to my name each week, my debts were getting paid, my bills were paid. My power didn’t get shut off like it did when we were together. And that was on my meager salary. I was doing better than I was when there were 2 salaries. + +So today I paid the last of it. It’s gone. And I have an amazing partner who has convinced me of my self worth, and I’ve discovered I’m actually good with money. I just made a really bad life decision. + +Side note- he’s now gotten his new partner into over $60 000 debt by managing to convince her to start a business that failed within a year. + +Edt: Wow. Just wow. Thank you so much for the awards and amazing comments. I never thought this would resonate so much with other people. + +I want to clarify about the bipolar though - I never blamed the bipolar. He got diagnosed near the start of the relationship and we spent years trying to get him to a place of stability. He was on medication, and in therapy until they deemed him 'well enough'. He was diagnosed as severe, high functioning bipolar 1 with mutiple manic episodes per year. + +The spending was only one very small part of the shit he did unfortunately. But I stayed because you don't ditch someone just because they're sick. I also stayed because I didn't think I had enough money to survive on my own. All the things he did are things that happen due to bipolar impulses. At the end of the day though, he didn't want to put the hard work in anymore, he enjoyed the manic feeling. So he left. And I realized he's an asshole with bipolar. + +I 100% believe people with bipolar can lead stable, + happy lives. But the hard work has to be put in. + +(The name douchebag actually came from me needing something to call him when I met my current amazing partner - they both have the same first name!! So naturally the debt gained the name douchebag debt. I advocate for giving your debt a name though - it makes it more of a solid thing you can chip away at) +EOS have appeared to receive an excessive amount of Ethereum for a long time. This has cast a shadow over Ethereum as many believe they are dumping large quantities of Ether onto the market and causing selling pressure. + +[The EOS crowdsale address] + (https://etherscan.io/address/0xd0a6e6c54dbc68db5db3a091b171a77407ff7ccf) appears to have large volumes of Ether arriving but if you look closer this is what I believe EOS is doing: + +1. Transfer money from crowdsale wallet into Bitfinex +2. Transfer money from Bitfinex into hundreds of wallet addresses +3. Make many small payments from wallets into crowdsale wallet +4. Rinse and repeat + +**Evidence** + +Look at the wallet linked above, the majority of wallets seem to constantly receive money from Bitfinex and pay into only the EOS crowdsale wallet on repeat like robots. Some addresses have hundreds of the same pattern. This seems very unlikely to be natural buying behaviour. + +For example: https://etherscan.io/txs?a=0x9fad7a730ba976ea8cbcf8fcd6e4c217386520a8 + +Please comment below what you think - I'm interested to hear if there is any legitimate explanation and not trying to spread FUD. If this is wash trading then it shows intentionally deceptive behaviour and indicates that EOS may be a scam. + +&nbsp; + +Shout out to [theoneonmove](https://www.reddit.com/user/theoneonmove) for helping discover this!! + +EDIT: The possibility of arbitrage from the ICO to the general market has been raised. This would be effectively impossible to disprove except if it was unprofitable. I don't have time right now but it would be interesting to compare the final price for each auction listed here https://eosscan.io/ (pointed out by [chrisdunnbirch](https://www.reddit.com/user/chrisdunnbirch) to the market price at the time. If the price is equal to the market price at the end of every auction then arbitrage wouldn't be profitable. + +EDIT 2: A well thought out response on the EOS forum linked below https://www.reddit.com/r/eos/comments/7ebxeg/research_into_eos_crowdsale_and_claims_of_price/ + +EDIT 3: A possible counter to the theory of arb from poor profitability (in addition to that mentioned by /chrisdunnbirch above https://www.reddit.com/r/ethtrader/comments/7e7bnf/eos_are_wash_trading_to_fake_volume/dq4yrk0/ + +My goal is to fatfire at 6-7M, 11 years away at 50. I have been thinking about RE for a while now and it so happened that i got a chance to experience 7 months retirement on temporary basis in 2020 and wanted to share my experience around it. + +* Jan 2020, I decided to resign a leadership role which was burning me out, hurting my mental happiness. That separation came with a payday. COVID pandemic started right after i resigned. Accepted a new job with a deferred start date. +* in 2020, I made $224K working only 5 months (separation payday, new job (salary, signing bonus, equity)) +* HCOL, Did not touch any savings, still saved >22% but slightly lower than before 2019. +* 2 Kids (3,7) at home with a paid nanny 8-5 PM (help during covid, with Zoom, HW, class work etc..) +* Partner still working. + +**Positives:** + +* I became really fit, mind/body (Peleton Thread and Bike) +* Can already cook pretty good. Took cooking to another level new cuisines, techniques. +* Dabbled in new skills music, painting, house repairs. +* Planned family trips and fun activities with kids. Was on top of house hold chores. +* Advised/helped friends (career, interviewing, Tech scene) + +**Negatives:** + +* Boredom, felt alone, since my partner and all my friends were still working. The routine gets really old in a few days/weeks. Had to plan a lot of alone activities due to lack of similar company. +* Felt like groundhog day same routine over and over, after few months of this, felt it was super hard to motivate myself to stick my hobbies run/bike/cook/play music etc.. +* I quickly felt external constraints (accountability, responsibility) are needed for me to have more meaningful and interesting life. I wondered how this would look like in retirement with no responsibility of kids, work, mortgage. What motivates you in retirement ? +* Can do whatever you want myth. Its hard to do whatever you want since there is lot of coordination with Kids schools, working partner etc. I would assume some of these doesn't exist during retirement but i think other challenges will inhibit you from just going on a 3-hr bike ride, unplanned all day hike, day trip etc.. +* Eroded problem solving skills (lost interest in solving/thinking about hard problems, lacked motivation to take on work challenges after starting my new job) +Edit: thanks everyone for all the inputs. I decided to take a little break and decompress. Im planning to go back and spend some time with my family. Spoke to my boss today and he understood and respected my decision. He is a genuinely nice guy and it feels bad to disappoint him but i think i should take good care of my mental health. + + + + + +Hey AusFinance, Just wanted to vent and maybe look for advice. + + +I work in IT and recently got a new job last month. The pay is good and I got about 25% increase in salary but I feel like Im out of my depth here. My boss and teammates are nice but they are busy most of the times to teach me anything and somethings they expect me to already know. + + +I keep thinking whether I oversold myself during the interview because clearly I dont have enough technical knowledge or experience with most of the tasks they assigned to me. I have been feeling like this since day one but I thought I could just give it a go and learn on the job. + + +Couple weeks ago my boss asked me for a solution (my job is to design/sell IT solutions) to be sent out to other departments and clients. I told him what I thought was right but it turned out to be a bad recommendation and now its biting us back in the ass. I cant help but feeling guilty and useless even though my boss didnt blame me. This is also not the first time I messed up but I feel like I am dragging the whole team down and my boss is getting a lot of flak about it. +