diff --git "a/reddit_finance_43_250k_81.txt" "b/reddit_finance_43_250k_81.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_81.txt" @@ -0,0 +1,10000 @@ +EDIT 2: Also got curious so fuck it...I'm going down the SEC list from the GME report: + +&#x200B; + +https://preview.redd.it/x51vb1q3ntz91.png?width=1390&format=png&auto=webp&s=e76ca46a1b27a2c120c81359e23e342d71db39a8 + +here's popcorn...7 PM launch on Jan 27, 2021 + +&#x200B; + +https://preview.redd.it/0sun26bkltz91.png?width=1938&format=png&auto=webp&s=0c206e4488b6add02839bdb43d2e5eabaa1eab31 + +Couldn't find the ticker above with the X at it (for the TV channel that has Better Call Saul, with initial for A Marzipan Cameo X) or Dillards on FTX + +Couldn't find bath towel there either, but there was an apparent token floating around for it elsewhere on Paprika (token B B B Y.cx)...in late 2020 and it had a mini spike near the "sneeze" + +&#x200B; + +https://preview.redd.it/4btm9kqmmtz91.png?width=1564&format=png&auto=webp&s=6efe4560025274ae410b21be94c8f81d97c2a279 + +**You can see it started earlier (Sept 24 2020) and spiked near the sneeze but went even CRAZIER with fucking volume near August 11, 2022 when BBBY had another run up** + +Couldn't find one for headphones yet or Naked + +&#x200B; + +&#x200B; + +&#x200B; + +\----- + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +\------ + +EDIT 3: ok some EXTRA juice, as thebigfart123 asked here and think my comment elsewhere is relevant, so might as well consolidate if everyone doesn't mind + +>Hey OP, it looks like there was a volume spike in the last two weeks of March 2022. 20 million total. Any chance someone could track down that wallet activity? + +&#x200B; + +so ironically was digging into that before decided to look into info for this post...here's what I wrote before (some rewording) on Life\_is\_Good22's post: + +&#x200B; + +https://preview.redd.it/qeu7p0ewutz91.png?width=960&format=png&auto=webp&s=4c1f82507d03c2f037de2fd6507a754389cfdd88 + +**If it's true that CTB was low because of GME FTX tokens were being used as a locate, then there should be proportional spikes in CTB or GME's FTX token volume no? like anytime that CTB should go haywire the same thing should apply for GME's FTX token price or volume or something** + +**what if this is what Ortex was trying to hide as well? Thursday, october 27th, ortex CTB data goes crazy...check the spike in volume on GME's tokenized stock:** + +[https://coinmarketcap.com/currencies/gamestop-tokenized-stock-ftx/](https://coinmarketcap.com/currencies/gamestop-tokenized-stock-ftx/) + +&#x200B; + +https://preview.redd.it/6afgg9byutz91.png?width=2314&format=png&auto=webp&s=84482f185bdfd8f78923ffe540443299ea7193db + +On Monday, October 31st, price spikes in GME and volume spikes on the stock market side of things. With approximate numbers + +* 9:30 AM: 13 million volume +* 10:30 AM: 3 million volume +* 11:30 AM: 2 million volume +* 12:30 PM: 2 million volume +* 1:30 PM: 1.5 million volume +* 2:30 PM: 1 million volume +* 3:30 PM: 0.75 million + +\---- + +Next day, + +* 9:30 AM: 2 million volume +* 10:30 AM: 0.6 million volume +* 11:30 AM: 0.8 million volume + +And drops from there + +BUT, check the volume on GME's FTX token. Elevated at the same level from aboutMonday, October 31st (8 to 11 AM) until the next day as well until the next day, Tuesday, November 1st (8 to 11 AM)...the volume effectively 10x from the previous day (will maybe add a screenshot here to show)....went from 24 hour volume of about $58K to $580K STRAIGHT through that day + +S**omeone check the CTB on march 2022...the highest volume for GME's FTX tokenized stock was during the "sneeze" ... where it was into as high as FIVE FUCKING MILLION then into the low millions then 800thousands before the stock sank** + +**proof:** + +&#x200B; + +https://preview.redd.it/srnvsd50vtz91.png?width=920&format=png&auto=webp&s=e9b2d48bdc0787cfd20f6e62ccdfe61f00d907b6 + +here's what the full chart looks like...check the crazy volume during the sneeze and elsewhere: + +Then again...next biggest spike: March 2022: + +&#x200B; + +https://preview.redd.it/tetzoy62vtz91.png?width=802&format=png&auto=webp&s=99770914f57e5d12f3d0cfba51aa510cb93c4dcb + +**24 hr volume was in the tens of thousands for a few days, as low as 2 thousand during one stretch...then 3 million worth of 24 hour volume** + +**What was CTB like around then?If you see the CTB tracker here:** [https://www.reddit.com/r/Superstonk/comments/v43sas/gme\_borrow\_rate\_fee\_tracker\_ctb\_06032022/](https://www.reddit.com/r/Superstonk/comments/v43sas/gme_borrow_rate_fee_tracker_ctb_06032022/) + +You can see the price spike in march 2022 near the left of the chart inching up in those late March days...but then there are higher CTBS down the road. Not sure why the later CTB didn't have more funnelling through GME FTX but March 2022 did... + +(extra guess...could it have been a 1-year tenor swap? for the giant March drop from last year?) Or something else? + +\----- + +**TL;DR:** + +* **On January 26th, FTX, the now-bankrupt crypto company, starts releasing GME FTX tokens for the very first time out of nowhere. While this begins, someone randomly comments on the very 1st GME FTX token transaction that this is part of a way to drop the price of GME to zero ("rug pull"). (Could be something, could be nothing, could be a rando)** +* **A few hours after Elon Musk tweets Gamestonk at 4 PM EST on January 26th, at 6:45 PM the process of the GME FTX tokens begins and stops at 9:45 AM EST the next morning, Jan. 27th, right after market open. At 7-8 PM later that day, while Robinhood and Citadel are on a call discussing PCO of GME and other meme stocks, the GME FTX tokens officially launch and volume goes crazy. This might prove the FTX GME token was a strategy RUNNING PARALLEL to the Robinhood PCO.** +* **A few days later, GME spikes to nearly $500, and the buy button is shut off. We think that FTX and these GME tokens were part of the strategy that Citadel/others may have used to stop GME during the "sneeze". I was also able to find that popcorn had a token start to trade the same time (around 7 PM, January 27th?) and bath towel already had a token out but it also spiked during the sneeze.** +* **From earlier research today, also included that when Ortex had its crazy spike in CTB on Oct 27th and volume spiked on Oct. 31st , volume remained stupid high on the GME tokens. However, the 2 historical highest volumes for the GME FTX tokens were during the sneeze when they launched, and March 2022.** + +\---- + +EDIT 7: last thing I swear, couldn't fit the pic but this was mentioned in the "Long Con" DD series on crypto...there is a mirrored GME token that exists (not FTX): + +[https://www.reddit.com/r/Superstonk/comments/yupo5l/comment/iwam8o9/?context=3](https://www.reddit.com/r/Superstonk/comments/yupo5l/comment/iwam8o9/?context=3) + +>[https://www.binance.com/en/price/mirrored-gamestop-corp](https://www.binance.com/en/price/mirrored-gamestop-corp) +> +>**January 5th, 2022: Opens at 218.13** +> +>**January 25th, 2022: Spikes DOWN to $195.46 for a few hours.** +> +>**March 3rd, 2022: Closes at 216.77. Then it's gone.** +> +>WTF? + +EDIT 8: [https://coinmarketcap.com/currencies/blackberry-tokenized-stock-ftx/](https://coinmarketcap.com/currencies/blackberry-tokenized-stock-ftx/) + +B B (phone stock)...WTF....check the time of when it launched...7 PM on January 26th...**IT GOT RUG PULLED A FULL DAY AHEAD OF GME. 24 HOURS AHEAD. Someone explain like I'm a 5 year old hamster plz...** +PLUS because the B B FTX token got rugpulled a full day before, it's not then surprising that someone might have seen that and THEN see GME's FTX token launch and not expect the same (B B divebombed down from $25 after the FTX token launched) +For more info, start here: https://www.reddit.com/r/Superstonk/comments/spsa4v/a_warning_about_twitter/?utm_medium=android_app&utm_source=share + +These guys are adding nothing to this community except baseless speculation. They're virtual doomsday-ers pushing a misinformation campaign. One of our greatest failings as a sub has been to let their trash rise to our front page. It's a bad look to be associated with these type of accounts. + +I'd like to see how the community feels about banning all their lazy Twitter screenshot posts. + +Discussing the content of their tweets is fair game, but should be backed up by data. + +No more of this "Trust me bro" bullshit propaganda. +At the time of writing this, ORC stock is $5.03 per share with a monthly dividend of 15.38%. If I buy 100 shares of ORC for $503 total, would that yield me 77 cents per share ($77 a month) since ORC pays monthly dividends? I'm new to stocks and Dividends and not sure how that all works exactly. Please let me know if this is correct and if not please let me know what it would actually be. +I have my finances budgeted, I currently only pay $60 dollars a month to pay my phone bill. I also pay for my own gas which seems to be a money sucker, but for now I'm stuck with that. Anyway, I sometimes have some money left over after I've had my "fun". It's not much, but it's about $10-$20 dollars. Is there anywhere else I can put this little extra cash other than my savings? Somewhere where I can see it grow a little more than just a savings account? +Edit 1: I am going to college, and I do have money saved up for it. I also will be working during it to cover the cost. I'm not a tight ass either, I do spend money on fun stuff, like eating out. I already put away a good percentage into my savings. This paycheck I put in about 38%. I would just like to put some money away that I can't immediately access that will grow. I didn't expect this much response! There's a lot to read so I'm slowly taking it in over the school day. I'll probably read more after work to see what I ultimately decide. Keep the info and opinions coming! There's never too much! + +Edit 2: I leave for work and you guys get my post locked. :l I'd like to thank everyone that contributed in any way they could. I learned a lot from your answers and I'm excited to try some of these out. For anyone that's interested, I'm going to continue to put money into my savings account. I said this once, and I'll say it again. I'm not a tight ass, I spend money and have fun with it. I don't want you guys thinking I'm a no life. To anyone that suggested a bike, thank you! I am buying one this summer for college, but currently that's not an option. I live 7 miles by highway from where I go to school and work. I will try to play some invest stuff right now. With the idea of I'm young and can mess up. If loose some money now, it won't haunt me in a year or so. I do understand that high risks can me high rewards. When I start earning more money, I'll come back to this post and read up on some of the bigger investments and stuff like that. Also, I will read Richest Man in Babylon, it looks interesting. +Once again, thank you to everyone! Good luck on your finances :) +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! + +Link to my thread from six months ago +https://www.reddit.com/r/financialindependence/comments/7eo4wi/38msingle_crossed_2_million_today/ + +Long story short, I have had this job for over a decade out of grad school. Pay is solid, hours are great and I didn't hate the work, but my heart has been out of it for awhile. As I approached FIRE in recent years, I allowed myself to travel up to eight times a year. Did zero travel before then, my singular focus was FIRE. I absolutely fell in love with southeast Asia, Thailand in particular. Rich culture, dirt cheap cost of living, cheap airfare to the rest of the region. A close friend saw all my photos that I posted and decided to go herself, fell in love with it too and joined a non-profit that helps to teach English and hospitality and computer job skills to former prostitutes. They offered me a volunteer job and sponsored my work visa application, which was approved by the Thai consulate last Monday. I sat on my resignation letter for the rest if the week since my boss just returned from vacation and I didnt want to drop it on him right when he returns. + +They will provide me a studio flat in Bangkok to live in with their other expat volunteers. My work visa is valid for a year. I am expected to teach and work four days a week and my three day weekends are free for me to explore. Food will be dirt cheap, street food is everywhere in central Bangkok and one to two bucks USD at most. My health insurance there looks to be reasonable, as well. + +I have been putting off FIRE for a few years due to my parents being uninsured immigrants with no retirement savings, I have always planned on helping them retire comfortably. They are now reaching Medicare and Social Security age so the numbers make sense for me to FIRE safely. They have no idea of my net worth, nor does anyone else other than my little sister who has to know as executor of my will. + +All I need to do now is tie up my affairs stateside, study conversational Thai and order a one way ticket. My long term plans are to stick out the entire year no matter what, come home, buy and convert a used Sprinter van and spend the year after that boondocking through Alaska, Canada and the lower 48. We shall see. + +[edit] I never even considered travelling abroad until I began watching Anthony Bourdain's first show, A Cook's Tour, over 15 years ago. My mind was already made up to do this long before he died yesterday, sure. But it makes me all the more sure of what I am doing. I look forward to my trips to Vietnam, his first love. Round trip airfare from Bangkok to Saigon or Hanoi on AirAsia or Jetstar or Nok Air is as low as 50 bucks USD, IIRC. Cheap to Cambodia, Myanmar, Singapore, Malaysia and Indonesia too. I can't wait. + +[edit 2 ] I'm an ethnically Chinese American. Have lived in the south all my life, so I do have a southern accent. Can speak Mandarin and Spanish. Fun fact - I have learned people are very wary of tourists from China due to their track record of poor behavior. In Dublin, Zurich, Doha, Miami and LA, I have had amusing interactions with hotel staff who expressed relief I am an American instead of from China. + +[edit 3] The guy that originally got me interested in Thailand is Mark Weins on YouTube. I can't link his channel directly because I am on my phone - I urge you to add him and watch his videos. His enthusiasm is innocent and his reactions are borderline corny, but it is highly entertaining and informative. +Everywhere I go I see "Now Hiring." Yet, many service positions remain open and service is slow. Restaurants, grocery stores, department stores, etc. My grocery store has had open jobs signs for the last month, and I just talked with an employee and they've got 15 open positions they're just unable to fill. They're overworked, underpaid, and anxious about the impending holiday busyness. I want to find out how we got here, what the next few months will look like, and what solutions may be out there. I'm creating a documentary that explores this subject and why the current job market sits where it is, why everyone is hiring but jobs aren't being filled, how the holidays will look, etc. I would love to know your thoughts. Thanks! +My wife (31) and I (38), are now firmly in the black. Student loans paid off. No credit card debt. No car payments. We both have 100k+ jobs. The only debts we have are the house we live in and a rental property that pays for itself. + +With the recent bonuses we have our emergency fund built for 6 months and have 30k sitting in savings. This amount of money is new to us. We've had money before but it was always already spent - house down payment, loan payoff, medical bills, etc. We know we need to make the money work for us but don't know how. + +Quick information: +- We currently both have 30 year term life insurance policies (1.5 mil) +- We have a 9 month old child that we want to plan for (be able to pay for college) +- We both currently only fund our employer 401k plans to company match (6%) + - my 401k is only at 200k + - her 401k is only at 90k +- We have a budget established and save 3-4k per month living well below our means +- We don't currently have enough assets to justify getting a financial planner (at least from what I've read) + + +We don't know what to do with the 30k+ we have sitting in savings. In our minds we need to save up 200k+ to one day have a down payment to purchase a small apartment building. But that amount of money will take 2-3 years to build. We also are not sure if we should be going the route of funding a 529 plan vs just fully funding a Roth IRA. Any guidance would be appreciated. +A bunch of analysts are starting to predict a 1929-style market crash by the end of next year. + +Consumer Price Index is at the highest it's been in decades in many categories. The real estate market seems to be in a bubble in many sectors. Crypto speculation is at unseen levels, what with the NFT craze and the amount of scams going around. Political tensions around the world are getting worse. China's debt is getting out of control and the US fed is printing money like never before. Something something COVID. + +Are we going to hit a wall soon? +I’m 20 and don’t need the money anytime soon. Just want the most peaceful and stress free investing journey. First time on the sub so I don’t know what Canadian Etf is usually recommended, especially for younger people with more risk tolerance. +For someone who's been regularly visiting this sub for around 6 months, I've noticed that regular contributors often just disappear. Users who consistently posted daily/weekly trade recaps just stop posting one day without any notice. I'd like to think that they have become so successful that they just can't be bothered to post anymore, but the more likely flipside is that they blew up or just gave up altogether. To add to that, we get so many new aspiring traders each day that join, share some early success, only to be never seen again starting the cycle all over. + +Not really sure why I'm posting this, but this just goes to show me the harsh realities of daytrading. It is a fkin difficult profession to succeed in and the odds are quite stacked against us no matter how much passion we have/work we put in. I don't want to randomly throw in that infamous 90% of daytraders fail (as it's controversial as to what constitutes one to be a daytrader), but no one can deny that majority of daytraders do fail and that the turnover of members of this sub is just something that shows that. + +For me personally, I've been at this for \~7 months (3 months learning/paper trading & 4 months live trading). I'm giving myself at least a year to prove I can be consistently profitable, but in the grand scheme of things, I am literally still an infant in this game. Who knows - I just might be another person who disappears eventually if I can't show concrete progress in that 1 year time span. + +Just something that was on my mind. Curious to see how long people have been following this subreddit / daytrading. Feel free to post where you fall in this journey whether you're a still a complete noob or a consistently profitable veteran. +38, ~$1.5mm NW, LCOL, wife stays home with 3 young kids + +Take the red pill: $550k/yr fortune 100 VP; likely could plan for 15 year run as a VP to fatFIRE by 53, somewhat likely I could get to SVP or C-Suite with commensurate increases in salary over next 5 to 10 years. Live in same city as corporate headquarters, not a ton of travel required. Good boss and mentor in the company and perceived as “top talent.” Anything could happen of course but feel pretty confident about this. + +Take the blue pill: $750k/yr at C-suite. Pre-IPO international co recently expanded into US. Exit expected w/in 4 years with $1.5mm payout (conservative estimate). If this happens would expect no problem finding next role. + +Wwyd? Why? Thanks! + +EDIT: Wow, thank you all very much - it’s like a chorus of mentors (and some trolls). A couple of comments: staying put (red pill) would be easier on the family. Jumping ship opens a wider range of outcomes - I could hit my number sooner or not...at the cost of a few really important years with the kids. + +It’s not a start up, but it is pre-IPO. The comp and equity likely don’t make sense because (1) the equity is a conservative estimate and (2) I’ve negotiated the annual comp up. + +I recognize now I should have reversed “red” and “blue.” I haven’t watched the Matrix in 20 years. + +Thanks again internet mentors. + + + +Mastiff Inu is here for you!!! Live now on Pancakeswap 🚀 +What is Mastiff Inu about: + +• Welcome to $MINU, your newest friend on the Binance Smart Chain! Mastiff Inu Token is a BEP-20 token issued on the Binance Smart Chain (BSC) that focuses on the investor’s needs and wishes. + +• With buying Mastiff Inu investors get the possibility of a high impact product with sustainability. Certainly, the self-evident need of honesty, sustainability, transparency, and openness is a core value and should be placed above everything else. This gives Mastiff Inu the direction needed to be successful on a highly capable network. + + + +Useful links: + 🖥 Website link: https://mastiffinu.org/ + + 📕Telegram link: https://t.me/mastiffinuofficial + + 🥞 Twitter link:https://twitter.com/MastiffInu + + + +TOKENOMICS: + +🔒 Liquidity Locked + +💸 Transaction fee: 10% + +🎊 Reflections: 5% + +💰 Marketing: 3% + +💶 Liquidity 2% + + + +Automatic LP Function LP Lock 💫|🐾|🐾|🎉|🐾|🐾|🐶|🐾|🐾|🎉|🐾|🐾|💫 + + +Unique features and milestones of Mastiff Inu: +Projects built on the foundation of community involvement are the untamed wilderness of the future of this pack. As we move further away from rigid socialist structures and traditional mindsets, we come to discover new ways to solve problems and relate to one another. + +A community is held together by hundreds, if not thousands, of interconnected moments. By studying those drawn to our project, we realized that true power doesn’t come from a single perspective, but from working together in together in harmony. With that thought fresh in our minds, we became Mastiff Inu + + + +💫|🐾|🐾|🎉|🐾|🐾|🐶 Mastiff Inu Roadmap + + +Phase 1: + + +Project creation + +Website and socials + +Whitepaper + +Community building + +Begin Marketing + + + +Phase 2: + + +Community Growth + +Marketing Push + +Giveaways + +Competitions + +Influencer Partnerships + +Coingecko And Cmc Listings + + + +Phase 3: + + +Increased Marketing Push + +Influencer Partnerships Continue + +Community Growth + +Exchange Listing + +To The Moon! +Are there any well known youtube channels that you follow to learn value investing. I am currently following Ashwath Damodaran, and wondering if there are others that I should look up? Thank you very much! +As the title says, I started trading in July 2020. I had no strategy going in, I'm more of a learn by doing type. I had an attitude when I started that I was going to be a millionaire, or lose it all. And I truly was okay with the idea of losing my 130k. I eventually broke even after sustained losses, in November 2020. And then it was just unreal gains until mid febuary. + +I played crypto, EV, and penny stocks, just buying and selling stock, no options. When any of these sectors were ripping, you could pick any stock in the sector and make 100's of % gains. Between November 2020 and Febuary 2021 I made 700k. I was sitting at a 800k net worth middle of feb, and I thought i could do no wrong. But since mid febuary, I've gone on to lose 550k. + +Still up 120k from when I started a year and a half ago, but I feel I've lost the spark. Or the market has lost the spark. I no longer feel comfortable losing what I have, and I also feel that a million is so far out of reach. When I started I think I had a mix of beginners luck, fearlessness, and speculative assets were just f***ing exploding across the board. But now I'm lost. I want to do this as a career, but if the past year has been any indication, I might not be cut out for it. (550k loss). I just want to get back on the right track and start seeing my portfolio go up again lol. I missed DWAC because I was banging a girl all day. I still resent her for it LMAO. + +Anyway I'm still a beginner and was just hoping to hear some anecdotes from those who have been in similar situations. Thanks for reading, GLTA! +A few months ago, when the markets were going up, people mentioning that maybe after 10 years of bull market a bear market might become more likely, they were shut up and being told the usual stuff, time in the market beats timing the market, there is no reason to think there will be a downturn, etc. etc. + +Now that stocks are down 10-15% literally everybody seems to be convinced that there will be a 2008-like recession. Why? It could just be like in 2011 or 2016, when we went down around 15-20% max and then up. Why doesn't anyone seem to even consider this scenario that is at least as likely? + +In reality, the sub really reacts like a typical emotional investor. When the market is up, everybody's convinced it will go up, when it's down, everybody's convinced it will go down. It was the same thing in the smaller dips during the year, people were also being convinced we were heading towards a recession for a few days—except it was more short-lived. + +Honestly, we have no idea if the market will be 20% up or 20% down in a few months. Nobody can predict that. So why don't people try to consider all scenarios? +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 + + +I recently stumbled upon this project a few days ago and was wondering why it was so undervalued. Since I joined I've been a part of their Telegram group and its such a fun and lively community of Apes! This is seriously a very undervalued project. Let me explain to you why! + +I've had a hard time deciding to invest in Safemoon due to the recent audit that came out saying they had some safety issues within their protocol that could be exploited by the team member if they ever have a change of mind. I can't willingly put my money somewhere it could be taken away from me if someone has a change of mind. This is why $GreatApe is such a relief, because it is a decentralized protocol and there is no owner or team. There are volunteers in the community putting crazy hours on this (I swear they must not be getting any sleep!) to build out the project and the community. + +This is the safest place I've ever seen because there was no ownership on the contract. Ever! This was made possible through a unique launch method where the contract was sent some BNB and then after that a community member launched it. It wasn't launched by the contract creator! + +To make things even better, the code used on here is developed specifically for BSC unlike any other protocol out there that is using an outdated version of the RFI and Safemoon codes which have glaring issues as was seen in several audits. The code on $GreatApe was re-written from the ground up by Morpheus, the same dev that Invented, the code that Safemoon copied. Its quiet a hilarious narrative! They say imitation is the sincerest form of flattery, I wouldn't be surprised if Safemoon tried to copy Morhpeus' code again haha! + +Since they've launched 10 days ago the community took over and just awhile ago they completed their first Airdrop to aid another community that got rugged. Really cool efforts from the community and literally anyone can make a change in here! Just need to join the Telegram and talk to the community. So cool I've never felt like I was part of a team until now. + +Anyways guys, just please check it out you don't want to miss this opportunity. I promise you won't regret it! + +Tokenomics: + +Total supply: 100,000,000,000 + +Week 1 - 7.5% liquidity | 2.5% RFI tax Week 2 - 5% liquidity | 2.5% RFI tax Forever - 2.5% liquidity | 2.5% RFI tax + +20% of Supply burned forever creating a deflationary supply acting as a Blackhole (No we did not send these tokens to Vitalik's address) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98) + +Set Slippage to 9%. + +Audit by [u/BScchecker](https://www.reddit.com/user/BScchecker) Passed: [https://t.me/bscChecker/305](https://t.me/bscChecker/305) + +Contract: 0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98 + +Proof of burn: [https://bscscan.com/token/0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98?a=0x000000000000000000000000000000000000dead](https://bscscan.com/token/0x7f4a15f5cf12e1650f090fb7bc7b0f240f1bde98?a=0x000000000000000000000000000000000000dead) + +Site: [https://greatape.cc/](https://greatape.cc/) + +Follow: [https://twitter.com/GreatApeCrypto](https://twitter.com/GreatApeCrypto) + +Telegram: [https://t.me/Great\_Ape\_Official](https://t.me/Great_Ape_Official) + +Instagram: [https://www.instagram.com/p/CPKAvDLDmFO/?utm\_medium=copy\_link](https://www.instagram.com/p/CPKAvDLDmFO/?utm_medium=copy_link) + +Tik-Tok: [https://vm.tiktok.com/ZMenWuAvb/](https://vm.tiktok.com/ZMenWuAvb/) + +Medium: [https://greatapecrypto.medium.com/](https://greatapecrypto.medium.com/) +We almost hit $100k USD in donations on NYE last year, if some folks need a backgrounder see below links. + + +Ok so maybe we don't have someone like Manatee(not real username) around this year to spur us.. But I do think we did some good last year with our donations on New Years Eve. + + +Mods stayed up til the wee hours as donations came in, and the user danced his dance. + + +Is there some interest in making this an annual event? + + +Process was simple, donate today, send proof to mods. They update a list. + + +https://www.reddit.com/r/fatFIRE/comments/ru1s0k/update_to_the_manatee_charity_donation_post/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button + +https://www.reddit.com/r/fatFIRE/comments/ru3cof/rfatfire_charity_donors_hall_of_fame/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button + + +Edit. +I donated $1,000USD to a local food bank and a heart institute, now to find a mod who is willing to participate in verifying and posting. +Does it make sense to have a yearly increment of a fixed percentage (say 5% or 10%), every year? Doesn't it beat the purpose of SIP (averaging)? + +If this is not good, then what is the alternate way, if there is a yearly increment in savings? +A survey of U.S. investors with $25 million or more finds their average age dropped by 11 years since 2014, to 47. +These fabulously rich Americans, whose ranks have more than doubled since the depths of the Great Recession, are younger than less wealthy millionaires. +The average age of those with at least a mere $1 million is 62, a number that hasn’t budged in years. + + +About 172,000 U.S. households have net worths of at least $25 million, Spectrem estimated last year. That’s up from 84,000 in 2008. + + +About nine in ten investors under 38 attributed their success to “inheritance” and “family connections” in the Spectrem survey. But the same proportion also said “hard work” and “running my own business” played a role. +About 70 percent of the richest investors said they’re still working. + + +https://www.bloomberg.com/news/articles/2019-01-23/super-rich-americans-are-getting-younger-and-multiplying?srnd=premium + + +I have a good (albeit fairly superficial) relationship with my landlord of 6+ years. I really like the apartment I rent, but I'm considering investing in real estate in the future (next several years). My landlord has a good reputation in my area and has been great to deal with. I'm interested in talking to her about her experiences in RE investing, but I don't want her to think I'm a flight risk. I'm just trying to learn to see if this is a path I want to go down. Current landlords - how would you feel if your tenant asked to talk to you about RE? Would you be open to it, or would it raise a red flag? + [https://www.bloomberg.com/news/articles/2020-05-02/buffett-says-berkshire-reversing-course-on-airlines-again?sref=DOTC0U32&utm\_source=facebook&utm\_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm\_medium=social&utm\_content=business&fbclid=IwAR12Q4v8a8hjDhdUDPtoMwel-G1\_hY9\_2ADtjeznVIqd4mdRAxjzAHWXqdQ&fbclid=IwAR3xV2P9ugfPZlA6Hm4wIaoQLAxmGA4cpFvypqSxQ\_o25EWyo0Iun-jXubA&fbclid=IwAR0JOrz6vlCcPtg4yTSh9A\_KmqFnj93HTBDrPeJYa4E-sk0\_uFc3hcFMWck](https://www.bloomberg.com/news/articles/2020-05-02/buffett-says-berkshire-reversing-course-on-airlines-again?sref=DOTC0U32&utm_source=facebook&utm_campaign=socialflow-organic&cmpid=socialflow-facebook-business&utm_medium=social&utm_content=business&fbclid=IwAR12Q4v8a8hjDhdUDPtoMwel-G1_hY9_2ADtjeznVIqd4mdRAxjzAHWXqdQ&fbclid=IwAR3xV2P9ugfPZlA6Hm4wIaoQLAxmGA4cpFvypqSxQ_o25EWyo0Iun-jXubA&fbclid=IwAR0JOrz6vlCcPtg4yTSh9A_KmqFnj93HTBDrPeJYa4E-sk0_uFc3hcFMWck) +You can't pay down anything, or save, without adequate income. + +BUDGETING is not going to solve a poor person's problems when their expenses are $2,000 a month but they are only earning $1,800 a month even working two low-wage jobs. + +So rather than posting stories of your post-poverty life, instead TELL US HOW, TEACH US HOW, you got the job, the income, that got you out of the pit. + +THAT would be helpful. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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At this rate even jumping jobs doesn’t make a significant amount of net salary difference. How do you guys accept and live with it? + +Details, I'm an ex-pat working in Germany in tech. Earning kind of the bottom level of salary that puts me in the 42% tax bracket (includes insurance and others). While the same salary yields a lot more for my married friends, for me even an increase of salary ends up almost to half of the gross salary when converted to the net! Sometimes I feel like getting married and having a child is a better option (just joking). I understand that it's a social system, but it sometimes feels too much and de-motivating to strive for more. How do you guys cope up with such thoughts? +I'm currently 26. The period of my incarceration could be anywhere from 6 months to 2-3 years. As a result of this my family has disowned me and I will be completely on my own when I get out (although one of my brothers may provide some assistance), which will be a first for me. + +The most I'll say about my offense is that it is a non violent felony. + +Here is the current state of my finances: + + $2.5k in a checking account + +$25.5k in a CD that's finished in 2020 + +A balance of $11.7k in a TD Ameritrade account + +Around $8k in cash. + +I've lived with my parents all my life and I'm completely unprepared to live in my own, but I will have no choice but to learn. And I figure you guys could help me. + +What are the things I need to do when I get out? + +If more information is required, ask and I will provide such unless it could reveal my identity. + +Thanks. + + +Edit1: Basically when I get out, I'll be starting completely from scratch in terms of employment and housing and all that stuff. The only thing I'll have is my personal property and money (Granted, an above average amount of money). + +Edit2: other assets I have include a collection of headphones and pens I could sell (over a period of time) for roughly $3600 (although these have sentimental value and i would prefer not to sell unless I absolutely had to) + +edit3: Thanks for all the helpful responses everyone! I'm a bit busy right now but I'll answer as I am able to. + +Also, it sucks that it had to happen this way, but a part of me is glad to finally be free of my parent's influence. + +Edit4: + +I truly appreciate all the helpful comments I have received. I'm confident my life will turn out quite well in the long run. + +I will definitely take advantage of any and all educational/training/employment/etc. opportunities while in prison, with regards to trades and stuff. As I'll likely not have computer access, CS probably won't be an option. + +Still parsing through the financial stuff. + +edit5: So, cryptocurrency seems to be the way to go. +Shortsellers are going after our favorite stocks to profit therefore we should despise them right? But are they all really bad? + +Don’t just read articles and blog posts that confirm your view about a company. ***Right now a lot of $TSLA & $NKLA shareholders are mad about shortsellers going after their stock but in fact you should embrace it.*** + +Shortsellers do research that you could ***never do on your own***. In fact I would love it if someone would give me a 50 page report on everything thats wrong with any of my holdings. I know whats right about all the companies I own. What I want to know are the flaws, the accounting issues ( if there are any ) etc. + +With Luckin Coffee Muddy Waters Research bought thousands of cups of coffee from different branches and kept an eye on the customers. Thats invaluable research and in the end they were right that the numbers don’t match up. + +They probably saved a lot of Luckin Coffee Shareholders from bigger losses ( those who read the report). And of course short sellers should get compensated for this work. There have to be incentives to do this kind of work. Else nobody would do it. Don’t count on auditors which are incentivized to look the other way and keep a paying client.When you’re an analyst you can just say you think revenue will go up but you don’t need to back it up. + +Thats it. But when you accuse someone of fraud then you better have a lot of evidence to support this view. Short sellers face potential losses & lawsuit. If they are wrong they lose a lot. Thats why they work hard and only release reports when they have enough to back up their claim. Also what do Companies like Nikola have to worry about ? If everything is fine then the Hindenburg report will turn out false and they continue to enjoy a rising share price. **But what if the report is right?** + +If you are a Nikola shareholder then you should pay attention to it. Read it and work this into your thesis for owning the stock. Is it worth the risk? Maybe limit your exposure.But don’t ridicule the people that release those reports. There is a lot of hard work & money behind it. + +***Short sellers don’t do this for the fun of it.*** And if they are right they should be compensated for their work. I would actually say that many short sellers work much harder on research than a long analyst. After all they have to be right to make money. If they’re wrong they won’t be able to enjoy market returns. They would literally get wiped out. + +&#x200B; + +source: [https://welovevalue.com/short-sellers-are-good-for-the-market/](https://welovevalue.com/short-sellers-are-good-for-the-market/) +Hello, I am 22 years old, a female in college graduating next May, and I want to make sure I don’t have the same problems my parents did. They struggled my entire life living paycheck to paycheck. I want to have kids in the next 10 years and i do not want that problem when I am considering having kids. I need to be financially stable or else I will not have kids, which is scary to me because being a mom is my dream, but I won’t do it if I can’t afford to. +During covid I worked essential jobs to pay off 11,000 dollars of credit card debt. (I spent a lot of money on dumb things years ago when i was severely depressed, i do not have a spending problem or anything). I have no debt now (besides school loans) and I am lucky that my dad does not make me pay rent for living in his house, which I plan to live at for a few more years as it’s just me there living alone. My monthly expenses are about 750 a month as I am very cheap lol. I make about 1800-2000 dollars a month right now. So my question is, what do I do now to set myself up in the future to not struggle/get rich? I have some stocks that are not doing well, I don’t really know how the stock market works. But i’m saving money and i’m good at it, and I have about 4,000 dollars in my savings account. Is there something else I should be doing or setting up besides just saving money in my bank account? Do I buy more stocks? Cryptocurrency? Roth IRA or whatever they’re called? How do I research or learn about how to be smart with money when I have no one I can ask or get advice from? +>Like 4chan found a Bloomberg terminal + +This is how wallstreetbets define their community. For those who don’t know, [r/wallstreetbets](https://email.mg2.substack.com/c/eJwtUMtuxCAM_JrlGGHIJuyBQy_9DcTDydImEIHTNH9fslvJsqXxYzzjLeGcy6kJK7EtVzJ0bqgTHnVBIixsr1hMDJoF3QdQd8ViNVNBXG1cNJUd2ba7JXpLMadrUo7AB2BPzfsH-GFSSsLgAiKHyXnugPuHF_w-vgntHiImjxp_sJw5IVv0k2irN_lxE58tjuPoCoYQqfN5bUC5QLssldof5JBqA1jUggsALgFkrwTvRKewhwEnMapJKCuxm3Yn5G_GW8_XWXR1d5Ws_77usqJTdl-5tt58iXuBTZtpdd1TpNNgsm7B8JZNb9deRpgZE5bmZjCWNAzyPigFnCv1r7L50ksJfJQP1lhDbltJr7Z8t-8xUVxb-gNKZ4d5) is one of the biggest stock market communities in the world having more than 11MM+ members. It’s where millions are made and lost every day on outrageous bets and the only place where losses are celebrated as much as the wins. + +Whether it’s for the insane YOLOs posted every day, or breaking Robinghood with infinite leverage plays, or the legendary short-squeeze involving GME, wallstreetbets is where the action goes down! [This video](https://email.mg2.substack.com/c/eJwlkMtuwyAQRb_GLC1exmTBolJVddF_sACPHRIbIhjq-u9LEmk0I81Dd-7xFmFN-TQIBckjFZzwfICJcJQNECGTWiBPYTZkNnJmetAklGnJALsNm8FcgTyq24K3GFJ8boqRUcXI1VCpOOWLVxe5MCqkH9UgF7dQf9FiGPxb0NY5QPRg4BfymSKQzVwRH6UTHx3_anEcR3-mitVB79P-7Fj01058_Xbi87bq4Zur4_y5d1xZN_mrjRG2NnJhdakUEkz7g7UXGBNSc9rzXoNkChY-6oVrK6BfquPiL0En6b7yvlRX0Pr7U5BkE5O7pdJm69P2q9lcT63uNQY8J4jWbTC_geCb5wvRtEKE3DjPk0XDlBiU1oxSrce3_0ZMCsHoKC6kqc6pXUWz23wHLBAx7C39A5NMj1I) sums up the absolute chaos that r/wallstreetbets is. + +But what we are interested in is to see if **we can beat the** **market** **by using the stock picks made on wallstreetbets!** After all, + +https://preview.redd.it/ibv9sp3idbx71.png?width=894&format=png&auto=webp&s=52d13bd22a95abeb736408ffa902805f6f85a84a + +[ ](https://preview.redd.it/rq2rmpzidbx71.png?width=1728&format=png&auto=webp&s=1a4b205d0fbe256099076516d49dfd71f7998ca3) + +**Data** + +Reddit’s PRAW API and Pushshift API were used to obtain the data for this analysis. There were more than 20 million comments and posts made on WSB in 2021. I have had a VM running for collecting the live data from all the financial subreddits since Dec’20. + +The summary sheet containing the analysis will be shared at the end in a Google sheet but if you want access to the full historical data, you can get it from [Pushshift API](https://github.com/pushshift/api). + +[ ](https://preview.redd.it/olsk3rzidbx71.png?width=1728&format=png&auto=webp&s=9c47c6be534d65f806fab70470f13713b59a34fd) + +**Analysis** + +Ahh, this is where it gets tricky. There are multiple ways to consider what constitutes a recommendation from WSB. Since there are millions of comments, it’s not realistic to invest in each and every recommendation made on the subreddit. + +So what I have done to simplify this is to calculate the most popular tickers for each day \[2\]. Why I settled on this logic is because a stock from this list is what a person is most likely to see when he/she would randomly browse through the subreddit and the higher the number of mentions, the more the chances of investing in the said stock. + +Considering the practical limitations, I kept the cut-off at the top 10 stocks. Once we have found the top 10 discussed stocks of that day, we invest in them at the market close. Then we calculate the returns generated by the stocks over the next + +a. One Week + +b. One Month + +c. Till Date ( From the date of investment to Today) + +The benchmark for comparison is SPY\[3\]. We will compare the returns against SPY to see if the most popular recommendations generated by the platform can beat returns by SPY during the same time period. + +[ ](https://preview.redd.it/9cp7di0jdbx71.png?width=1728&format=png&auto=webp&s=ef05f68121dccb6283f09ac092aba516553baacc) + +**Results** + +Before we jump into the returns, here is a visualization of **how the most popular stocks have changed over the last year in WSB.** + +https://reddit.com/link/qlsbb9/video/n6jlnnvldbx71/player + + *In case the visualization is not loading,* [*check it out here.*](https://public.flourish.studio/visualisation/7685282/) + +[ ](https://preview.redd.it/w1jcf78ndbx71.png?width=734&format=png&auto=webp&s=67d8eee4682395fc617c7e3eda74fd410fced8b9) + +We would have made a grand total of 2,613 investments \[4\] in 2021 following this strategy. We would have lost money on more than 51% over the next week and more than 60% over the next month. But if you consider till date, we are slightly above 50%. If you compare this to SPY, its an extremely poor performance, as during the same period SPY would have given a positive return of 66% over one week, 76% over one month, and 100% Till Date (as SPY is trading at an all-time high now) + +But, the stock market rewards predictions disproportionately \[5\]. Out of the 100 stocks you pick, even if you get 99 wrong but get one extremely unlikely event right your overall returns will still be extremely high (which is what WSB is aiming for - it’s definitely not for safe plays). + +So, how has the average performance of WSB picks fared? + +[ ](https://preview.redd.it/bfkgenaodbx71.png?width=790&format=png&auto=webp&s=f14db831e6397c79913bfe18e9d4db5958b65347) + +Would you look at that! **WSB recommendations have hands down beaten SPY across all time periods.** It gave a 2% overperformance over the period of one week and 2.2% over one month and a whopping 6% if you had held on to your stocks. + +But keep in mind that your performance is skewed towards a few stocks which got featured repeatedly in the top 10 list. + +[ ](https://preview.redd.it/ye4hbj8pdbx71.png?width=715&format=png&auto=webp&s=90e5171c0279ba9428d889dd46d8a0bbab33da15) + +GME has been in the top10 discussed stocks in 100% of the days and on average you would have gained 73% if you invested in it every day. Both AMC and TSLA are close followers with both of them giving substantial returns. Among the other ones who have made the list repeatedly, only BB, CLOV, and WISH on average have lost money \[6\]. + +Now that our main question is out of the way, we can really do a deep dive into the data and see some interesting patterns. + +https://preview.redd.it/faw73z8qdbx71.png?width=725&format=png&auto=webp&s=2e01686c9740202b0a86f0c7e7bbd0a9d4d193d8 + +Unsurprisingly, Gamestop and AMC are at the top of the pile with GME returning an insane 788% in one week. Even if you remove GME and AMC (due to the unlikely scenario of a short-squeeze), the other 3 stocks would have doubled your investment in one week. + +[ ](https://preview.redd.it/3tu6gfqrdbx71.png?width=732&format=png&auto=webp&s=5f3923e9917d26c772af234ce7c31a32882a2ca5) + +For every winner, there are bound to be losers. If you bought into GME at the top of the rally, you would have lost 73% of your investment in the next week. All the other companies on the list had a brief jump in popularity but folks who invested in that ended up holding the bag. + +But what if you did not want to invest in 10 stocks every day. What if you only wanted to invest in the **top stock of the day** (ie, the one creating the most discussion)? Would you have beaten the market? + +https://preview.redd.it/n95yi6lsdbx71.png?width=705&format=png&auto=webp&s=f795b4404f8277bad99a57624f158a6a0594d7b0 + +Unsurprisingly, you would have beaten the market by a wide margin. This is mainly due to the insane returns generated by GME, AMC, TSLA, etc. which came to the top of the list. You are just being rewarded for the high amount of risks you are taking by putting all your investment into a few stocks \[7\]. + +[ ](https://preview.redd.it/03em191jdbx71.png?width=1728&format=png&auto=webp&s=257e458829fb1f4b661e3b5e2a6672816359e01f) + +**Limitations** + +There are some limitations to this analysis which you should be aware of + +* As explained in footnote-1 there are 8-12 days of missing data - though this is not going to affect the results in any significant way as it’s lesser than 5% of the total days in the analysis. +* This analysis does not consider Options which is a big part of what WSB is made of. The returns from options can be wildly different from what we are observing in the case of buying stocks +* We have just considered the last year of data where it was predominantly a bull market and meme stocks have made insane rallies. The results might be different if we expand our time horizon. +* Finally, the above analysis only considers the chatter and not the sentiment about the stock. I would invest no matter if people are saying positive or negative things about the company. My hypothesis is that we would be able to generate more alpha if we can distinguish the sentiment in comments. A part-2 of this analysis incorporating sentiment is in the works — stay tuned! + +[ ](https://preview.redd.it/pufwh52jdbx71.png?width=1728&format=png&auto=webp&s=ccd8c84adf4cc75b03e0893e50aee2072beb18b9) + +**Conclusion** + +Before starting the analysis, I fully expected to end it with + +>The real returns were the friends we made and the fun we had along the way! + +I was expecting that the chatter in WSB would be a lagging follower of the stock price rally and the people who invest in them would end up holding the bag. + +But I was pleasantly surprised to see that on average the stock that made it to the trending list beat SPY in returns, that too ***across different time periods.*** + +Either it’s due to the self-fulfilling prophecy of stock price rallies leading to more chatter that will lead to more investments that will cause the stock to rally even more. Or it might just be that WSB is the place where we can successfully leverage the [Wisdom of crowds](https://www.investopedia.com/terms/w/wisdom-crowds.asp). + +Whatever the case may be, you truly would need nerves of steel to keep holding on to a stock that rallies 700% in one week only to drop 70% in value next week and then finish net positive by the end of the year. For that, you are rewarded with market-beating returns! + +If you liked reading this one, you will love + +* How to [consistently make returns](https://marketsentiment.substack.com/p/crypto-dca) from the Crypto market! +* [Should you follow insider transactions](https://marketsentiment.substack.com/p/insider-purchase) while investing? + +Until next week… + +[ ](https://preview.redd.it/rkizc03jdbx71.png?width=1728&format=png&auto=webp&s=1b96fef618966a52c54718763ea7207382feb159) + +**Footnotes** + +\[1\] During the GME rally in January, the traffic was so high that the VM failed. I have used Pushshift to fill in the details wherever possible, but keep in mind that there are 7-8 days of missing data from 28th Jan to 8th Feb and 4 days of missing data in April 2nd week. + +\[2\] To find the most popular tickers I used a base of around 9,000 stock tickers that I got from IEX cloud. The program would flag if any of these tickers were present in a comment or post. This is by far the most data-intensive exercise I have done. if you hypothetically consider the loop as a cross join, we processed more than 200 Billion rows to find the most popular tickers. + +\[3\] If SPY was in the top 10 tickers, we would invest in that as well. I feel that this would slightly reduce our risk profile. + +\[4\] It’s lesser than the expected 2,900 investments as there are some days in between where we had data loss (footnote 1) and also some stocks got delisted or underwent mergers (eg. Aphira) due to which we could not get the financial data from Yahoo Finance. + +\[5\] Take the classic example of Keith Gill (aka DFV). He at one point had a $50MM return using a 50K call option. Even if he had another 99 50K call options in other stocks which expired worthless, just this one right pick would have made him a net profit of $45MM. This phenomenon is known as [black swan farming](http://www.paulgraham.com/swan.html). + +\[6\] This is very surprising given the amount of risk we are taking investing in meme stocks. Also, in my mind, you cannot complain about the skew towards a few stocks as it’s bound to happen. Even in the case of S&P500, a vast majority of returns is [driven by a few tech stocks](https://www.ajg.com/us/news-and-insights/2020/dec/s-p-500-index-top-heavy-tech-heavy/). + +\[7\] The Beta of this portfolio would be through the roof and you beating the market is more probable as we are in a rally. Remember, [what Beta giveth, Beta can take it away](https://www.investopedia.com/terms/b/beta.asp) just as easily. + +*Disclaimer: I am not a financial advisor* +Legacy Protocol is NOT another meme token with trillions of total supply and unrealistic redistribution per transaction that doesn’t amount to anything. + +For every Legacy Protocol transaction, there’s a 2% burn that is deducted, permanently burned. + +4% Goes towards holders and a 5% towards the Liquidity Pool. + +Ownership is renounced, liquidity is locked and contract is confirmed! + +This gem was released yesterday, fair launched on TG with everyone and is still VERY EARLY. + +3 influencers already hired & poocoin ads incoming + +​ + +​ + +Burn 30% \[ 300,000,000,000 \] + +Liquidity 70% \[ 700,000,000,000 \] 700000000000 + +4% Holders + +2% Burn + +5% Liquidity + +​ + +Contract : [https://bscscan.com/address/0x1035f6a52893677739a73dfa875b02192d92d16f](https://bscscan.com/address/0x1035f6a52893677739a73dfa875b02192d92d16f) + +Pancake : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1035F6A52893677739A73dFa875b02192d92D16f](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1035F6A52893677739A73dFa875b02192d92D16f) + +Charts : [https://charts.bogged.finance/?token=0x1035F6A52893677739A73dFa875b02192d92D16f](https://charts.bogged.finance/?token=0x1035F6A52893677739A73dFa875b02192d92D16f) + +Liquidity Lock : [https://bscscan.com/tx/0x3aab1016f058a92eb92f6dd3c374727d2f8c44e3368a4ff7cc5b8569fb7aaa18](https://bscscan.com/tx/0x3aab1016f058a92eb92f6dd3c374727d2f8c44e3368a4ff7cc5b8569fb7aaa18) + +Burn : [https://bscscan.com/tx/0x88f81f508c9781ecff6a8b350c228108805ea3ac1e9dc0cda98b9cdb5c050bd4](https://bscscan.com/tx/0x88f81f508c9781ecff6a8b350c228108805ea3ac1e9dc0cda98b9cdb5c050bd4) + +Ownership Renounced : [https://bscscan.com/tx/0x7ffca06612cb189cfe023b98d580f03a3c6d6e82f533940f04195bd33f56dff7#eventlog](https://bscscan.com/tx/0x7ffca06612cb189cfe023b98d580f03a3c6d6e82f533940f04195bd33f56dff7#eventlog) + +Twitter : [https://twitter.com/legacy\_protocol](https://twitter.com/legacy_protocol) + +Telegram : [https://t.me/Legacy\_Protocol](https://t.me/Legacy_Protocol) + +Website : [https://legacyprotocol.net/](https://legacyprotocol.net/) + +​ +Do any of you invest in any side hustles or have a small business that you put your money into instead of dividends or do you just put any extra money into your portfolio to maximize your dividend potential? +**This is one of the coolest concepts for a coin, based on the actual moon. Every full moon, they burn 10% of total supply, which in turn increases the value of each token subsequently.** + +[https://cointool.app/ido/exchange?menu=1&contact=1&address=0x275c9787f6405ad5cf2afe9fe4383c0df2a80fbe&c=56](https://cointool.app/ido/exchange?menu=1&contact=1&address=0x275c9787f6405ad5cf2afe9fe4383c0df2a80fbe&c=56) + +**Tokenomics** + +* **Every full moon day (29.5 days) they burn 10% of the supply** +* 4% total fees +* Deflationary - 2% burn +* Reflection - 2% redistribution + +The idea was actually based on the loved and hated Elon when he tweeted this concept a few weeks ago: [twitter.com/elonmusk/status/1396926365996261382](https://twitter.com/elonmusk/status/1396926365996261382). Surprisingly, this is the only coin in the market to have made it and it’s only a matter of time before it catches fire. + +Of course it's a meme coin but the originality and the fact that it's linked to Elon gives it “full moon” potential. + +Presale just started and they are only 35 BNB away from soft cap. From there, they list on Pancake Swap just 72 hours after completion. During those 72 hours, they are priming this thing up with a huge marketing campaign on PooCoin and YouTube. + +Hope you were one of the 400 viewers that were able to join our live AMA a few hours ago! Don't forget to join our Telegram to keep informed on future AMAs! + +They will do at the same time an AMA on a twitch partner channel at **8pm CEST** 🎙 + +Stay safe, still a meme coin, but I really think this shit can make some good moves on Pancake Swap. Marketing only started today and is already being shilled by some twitters promoters. + +📺**A guy made a video about it already** : [youtube.com/watch?v=BheZ3Bg3OQw&ab\_channel=CryptoYangGang](https://youtube.com/watch?v=BheZ3Bg3OQw&ab_channel=CryptoYangGang) + +🌐**Website** : [phasemoon.space](https://phasemoon.space/) + +📱**Telegram** : [t.me/PHASEMOON\_Official](https://t.me/PHASEMOON_Official) +Whatever the DTCC is doing with GME shares is illegal and we need to rise up as investors. We need to write letters. Please stop calling it “Ryan cohens’ trap”. It’s not a trap. Saying it in this manner makes it seem like Cohen was doing this in bad faith against the market. GameStop simply wanted to reward its shareholders with a dividend. If the DTCC now chooses to act in bad faith, then that’s on them, not on GameStop’s decision. Thank you for coming to my TED talk. +Well, here we are again. What a fucking year it has been indeed. + +&#x200B; + +Generally I'm feeling inspired to create a bit of a spectacle for the Christmas post, as [evidenced](https://www.reddit.com/r/ASX_Bets/comments/kiek27/merry_christmas_ya_filthy_animals_presents_from/?utm_source=share&utm_medium=web2x&context=3) by the [last few](https://www.reddit.com/r/ASX_Bets/comments/rnfujn/merry_christmas_ya_filthy_animals/?utm_source=share&utm_medium=web2x&context=3) years I imagine, but this year finds me in a more introspective mood. Granted, that could be due to the relentless thrashing of our beloved stonks this year and whilst that no doubt plays a part I suspect it goes a little further than just financial wreckage. + +Indulge me for a moment and I'll attempt to explain. + +This year, the sub has changed. + +I mean, it changes every year but I guess its fallen into a little sharper focus this time around. + +Every year, I do the '*'history of* r/ASX_Bets *posts*'' which always give me a broad overview of the sub trajectory. Over time, things have changed from the beginning and a few hundred members, to the madness of BRN and countless other memes, the outlandish bets, tattoos, shoeys, shit clapping, hat eating, pube drinking, daddy fucking, sister bangin, cum guzzling and so many others than I've (*semi*) successfully repressed. I mean, some fucker is actually going to remodel a forest into the koala logo, a fucking forest. + + We now have multiple banned subs, where the damned go to lurk before returning to the mother ship, we are perilously close to 100,000 of you retards here, we have a media presence and are quoted, reviewed, interviewed and fuck knows what else, we are banning pumpers and fin-flogs, things have generally gotten big. + +So why then, does this year seem different? + +I'd say that partly, it's the first hard slog of a year on the markets for a-lot of our members. Although we like to fuck around a-lot, the economic uncertainty is our reality and it finds many of us looking for alternative ways to supplement or increase (*or decrease, mostly decrease*) our financial security. As those changes have come to pass, it seems as though the sub has morphed to suit. + +&#x200B; + +We love the lunacy, but the vibe is uniquely ours. It seems like this year, in the face of real uncertainty, you fuckers really embraced that ethic and even though this is a place of dank memes, shit-posts and foolish investment ideas its also a place some of you come to remind yourself that you're not alone out there, ~~dribbling~~ howling at the moon. + +It's become an oddly comforting thing about this sub that whatever time of the day or night, you can always drop in and some tard will be rambling on about something or other. In an ever-changing world, its comforting that some things remain. + +Christmas can be an amazing time for some, it can be rough for others. If its a great time for you, count your blessings. If it's a little harder, then come lurk down the sub and you'll always find another degenerate about to make a bad decision. + +Thats it from me, its Christmas for fucks sake, so raise a glass to your fellow degens and your friendly neighbor-hood Mod team for the the year thats been. + +&#x200B; + +I'm not crying, you're crying. + +&#x200B; + +&#x200B; + +https://preview.redd.it/mlmuqn1z976a1.png?width=819&format=png&auto=webp&s=c03487d8390253abd1d9788d7323478d4ff5007f +ETFs pertaining to lithium batteries, ETFs pertaining to clean energy, +ETFs pertaining to marijuana, +ETFs pertaining to online sports gambling + +I’m very interested to hear your thoughts! +This may seem like common sense to most, but I'm posting in case it helps even one person not make the mistake I did. + +In August of last year, I was offered a promotion, full time, and a 3$/hr raise at my current job (a small B2B software company). I'm a new graduate so this was my first "grown up" job with benefits. I accepted and just assumed the pay raise would be reflected September 1st since my boss, his boss, and HR had all signed off on paperwork saying it would be. Full time hours did hit and there was more money in my account...my timecard only shows hours, not rate, so I just assumed all was well. + + +Well, my fiancé and I were combining budgets, and his hourly rate is the same as mine should be...but somehow, he was making a lot more? I checked with HR and it turns out, due to a paperwork error THEY NEVER INCREASED MY PAY. I've been receiving my old rate the past 7 months. I feel like an idiot! But, I'm going to get back pay to the tune of $3,000+ plus the incentive I was offered on start up and never actually received. + +So, don't be me. Check that your company is actually paying you what they said they would, and never, ever assume when it comes to your paycheck. :) + + +Edit to add: I went from 30 hours to 40 hours at the same time my raise was supposed to hit, which is why my pay went "up" and I didn't notice! +There’s always a lot of talk about making “side money”, but often this requires some sort of upfront investment. Not everyone has money lying around like that. + +So what are some ideas you have that can earn spare cash without having to shell out any money to get started? +I'm bored. Decided to share some cool ETFs you may have not heard of. I'd love to hear of some ETFs you guys have or know of too! + +IDNA/HELX - both genomic plays like ARKG + +LRNZ- AI and deep learning. + +BFTR/LOUP- black rock future innovators and frontier tech. + +IQM - intelligent machines etf. Heavy position in Tesla however. + +PTF/PTH - technology momentum and healthcare momentum ETFs. + +MFMS - actively managed small cap etf. + +BTEC- healthcare innovation. I really like this one. + +QQQJ/QQQN - both similar ETFs that track the next stocks to be included in nasdaq. + +QGRO - etfs that holds stocks with high grows/strong fundamentals. + +PAWZ - just like it sounds baby. Tracks stocks related to pets. + +ENTR/BUYZ -entrepreneur and disruptive commerce ETFs + +Any other cool ETFs I should check out? +I think it is hard to argue against, that the market in general is currently very high valued. Many measures like average PE ratio, Buffet Indicator, earnings growth etc. are indicating this. However bond yields are at record level lows and other asset prices like housing or even paintings or classic cars are also from historical perspective extremely high priced. + +If you came to the conclusion, that the prices are too high what would you do with the money instead? + +Staying in cash and lose it on the inflation? + +I’m feeling like I’m on a never ending hamster wheel of bills and debt that I’ll be paying for every remaining decade of my adult life. There’s not really a way out. So I guess I’ll just go to work again and serve food and drink to strangers so I can go ahead and make less than what my rent and bills cost. +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! + +Of course it will depend on one's personality, the nature of the company, colleagues, commute time, industry trends, world events etc but generally speaking which jobs are easy - even mind numbing - and relatively stress free whilst still paying enough that you can stay afloat and maybe splurge or save a bit. + +I just can't seem to compartmentalize, so a job where I have stress hanging over me like a dangling sword on my weekends or in free time is going to lead me to a dark head space quickly... and I have an immune condition that gets flared up and makes me sick when I get highly stressed, so I've had to cross a lot of possible pathways off my list and now I'm set on minimizing stress. + +Call me lazy, entitled, whatever, I don't give a shit about being a high achiever and leaving behind some legacy I won't even be around to relish, I just want to be able to pay the bills and afford to hang with friends and my girl, read, write music, go to the beach etc. My old man is a senior executive and spends his Sunday responding to emails and taking international calls at 4am..I would rather go test gravity from my balcony. + +But obviously just to stay afloat one needs a decent paying job let alone to afford any comforts. + +So has anyone got any ideas? + +&#x200B; + +Edit: + +Thanks for all the suggestions (even though some of them require 5 years of study lol) also I'd like to open it up to include any jobs that are low stress and average/decent paying, or at least enough to get by on +I'm 19 years old and live in London, UK. Some time within the next year I'll have to move out of my family house to live with my boyfriend. + +I have a trustfund of roughly £160k with which I've been recommended to take out a mortgage for a flat with, but I don't know the process of this or whether this is a financially good idea. This will also have to be in or around London due to my education not finishing for another 2 years which I'm aware is more costly. + +My boyfriend is in fulltime education and not in a situation where he can work so all costs will fall to me. I'm in college part time and currently work 2 part time jobs which net me roughly £800 a month. + +Are there any good resources or advice people can give me for my situation? Any help would be greatly appreciated. +Let’s show them how many of their traders are out. These fuckers are set to IPO this year, fools. Who’s trading data are you gonna sell if all of us leave? Shilling out to big money was the worst financial mistake of your pathetic wanna-be corps life. I’m out, but I’m not selling on RH until it’s motherfucking done. Collect tendies and your tax information and split. Who’s with me? + +GME 5000 is not a meme. + +I am not a financial advisor 🚀 +I intend to set up a Freetrade account and then transfer it to Trading 212 once I can make a Trading 212 account. But I understand I have to cash out of my existing positions before doing this. + +As a beginner, I just wanted to check that this is OK and there aren't reasons not to do this? + +The reason I want to do this is because I don't want to have to pay £10 per month for a Plus account on Freetrade, when I can get access to the same ETFs that I intend to invest in on Trading 212 for free. + +Cheers for any advice guys, much appreciated +Hi all + +Automod has been lazy this week and not posted. Hopefully normal service will be resumed next week. + +Please use this thread to share/discuss/ask questions on your portfolios, and and questions about which broker might be right for you. +Happily go through relevant ratios, annual reports and growth prospects now but, God, I was moronic. + +At the start my stupid moment was making a self-made lithium ETF that at first included large multinational miners but then descended in to just adding stocks with lithium in the name. + +Managed to make 30% funnily enough before I wished up but that's besides the point. +Since learning more about Grantham, I found some interesting historical reads such as: + +[https://fraser.stlouisfed.org/files/docs/publications/books/indebtedness\_us\_1942.pdf](https://fraser.stlouisfed.org/files/docs/publications/books/indebtedness_us_1942.pdf) + +[https://novelinvestor.com/timeline-of-the-1929-market-crash/](https://novelinvestor.com/timeline-of-the-1929-market-crash/) + +But this last one is my favorite so far because he accurately predicted in 1999 that the FED would fail and cause a stock market crash: + +[https://www.frbsf.org/economic-research/publications/economic-letter/1999/march/monetary-policy-and-the-great-crash-of-1929-a-bursting-bubble-or-collapsing-fundamentals/#subhead1](https://www.frbsf.org/economic-research/publications/economic-letter/1999/march/monetary-policy-and-the-great-crash-of-1929-a-bursting-bubble-or-collapsing-fundamentals/#subhead1) + +Long story short, the events of March 1929 are now eerily similar to the events recently. + +The booming GDP growth, the explosive 1928 +38% growth in profits....all of it led strongly into the first quarter of 1929. + +But by March, the "fears of a bubble" which we are experiencing now led to some selloffs. Notably, 4x volume trading days (which we just had one a few days ago) and in those trading days, swings of DOWN 10% and then back up 10% to close the day at break even. + +We just had one of those as well. + +The issue is, until the microscope of history is placed upon the events, we don't really pay much attention to ***WHY*** or how they were caused. + +In the case of March 26, 1929, the wild swings were caused by monetary liquidity problems caused by the FEDs beginning to tighten. In their time, the FEDS already had managed to raise rates by 2%. + +The FEDs were also reducing their balance sheet in their way at the time. + +We are looking at the same thing - FEDs about to raise rates, balance sheet going to be reduced. + +Does that mean these wild swings we are now seeing are caused by the same issues then? Money supply issues? + +In 1929, new loans written enabled buyers to buy back into the market rather than getting liqudidated. + +So are we witnessing the same thing now? +**Floki Inu, or FLOKI, is going to be the next SHIB (or bigger).** + +**That's a legit 100x potential... and it can do 1,000x if Elon Musk shills it hard.** + +**This is due to the Elon Musk Factor:** + +**On June 25, Elon Musk tweeted, "*****My Shiba Inu will be named Floki.*****"** 👀 + +**This tweet led to the Floki Inu meme coin being created.** + +**We all know that Elon controls the meme market:** + +* **Elon sent Doge from about $400 million to ATH of $80 billion+** +* **He pumped $SHIB 1,000x** 🚀 **without directly mentioning it (just by talking about Shiba Inus).** + +**FLOKI on the other hand was mentioned directly by Elon and will be the name of his Shiba.** + +**It's almost guaranteed at this point that Elon will be shilling FLOKI as hard as DOGE. 🐶** + +**Elon has always been consistent (in his support for Doge and Shiba Inus) and when he says he will be naming his Shiba Inu FLOKI, you can count on it.** + +**Quick facts about Floki Inu:** + +* **It owns the "FLOKI" on both CMC and CG.** ✔️ +* **Has utility; Just partnered with CryptoCart and is one of the few cryptos to be supported by them to purchase things on Amazon, Netflix, Apple, PlayStation, and 1,700+ stores (using their proprietary "crypto to gift card" tech).** ✔️ +* **Liquidity locked for 100 years+ on BSC and ETH.** 🔒 +* **Over $2 million LP each on both ETH and BSC — which makes it easy for whales to ape and also very big compared to other meme coins.** ✔️ +* **As seen in Forbes, Seeking Alpha, IBTimes, CryptoSlate, etc.** ✔️ +* **Regularly ranked above DOGE and SHIB for social engagement by LunarCrush (reminds me of SHIB in the early days before 1,000x).** ✔️ +* **Only major dog meme that is cross-chain and has a working bridge.** ✔️ +* **10 - 12% slippage on both ETH and SBC.** ✔️ + +**If SHIB did over 1,000x in weeks because of Elon Musk casually talking about Shiba Inus... FLOKI, which he has mentioned directly, and will name his dog after, is pretty much going to do 100x.** 🚀 + +**And it's just $50 million market cap right now (much smaller than SHIB and other meme coins).** 📈 + +**Website:** [**https://theflokiinu.com/**](https://theflokiinu.com/) + +**Dextools (BSC):** [**https://www.dextools.io/app/pancakeswap/pair-explorer/0xb372ea0debcc8235c2374929028284973e4f5e26**](https://www.dextools.io/app/pancakeswap/pair-explorer/0xb372ea0debcc8235c2374929028284973e4f5e26) + +**TG:** [**https://t.me/FlokiInuToken**](https://t.me/FlokiInuToken) +Realty Income Corporation announced that the monthly dividend will be increased to $0.2485 per share, up from $0.248 per share. The dividend will be payable on January 13, 2023, that mean you need to have bought before January 3, 2023, to receive the next dividend. The December dividend ($0.248 per share) will be paid this Friday. + +&#x200B; + +[https:\/\/mma.prnewswire.com\/media\/1967728\/Realty\_Income\_118th\_Monthly\_Dividend.html](https://preview.redd.it/1wp2x0ym2y5a1.png?width=400&format=png&auto=webp&s=9b0074ae9744f287209cc4d5efaf3f52d1589f36) + +Realty Income Corporation is a real estate investment trust that focuses on investing in commercial real estate properties to generate income for its shareholders. + +Source: [118th Common Stock Monthly Dividend Increase Declared By Realty Income | Realty Income](https://www.realtyincome.com/investors/press-releases/118th-common-stock-monthly-dividend-increase-declared-realty-income) +[https://www.reuters.com/business/autos-transportation/uber-turns-cash-flow-positive-first-time-2022-08-02/](https://www.reuters.com/business/autos-transportation/uber-turns-cash-flow-positive-first-time-2022-08-02/) + + Aug 2 (Reuters) - Uber Technologies Inc [**(UBER.N)**](https://www.reuters.com/companies/UBER.N) on Tuesday reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services. + +Uber shares, which have lost more than 40% this year, surged 15% to $28.41 in premarket trading and helped drive an 8% gain in rival Lyft Inc's shares. + +Uber generated free cash flow of $382 million in the second quarter, topping analysts' expectations of $263.2 million, as trips exceeded pre-pandemic levels, boosted by the reopening of offices and a surge in travel demand. +[\[Part 2\]](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/) + +[\[Part 3\]](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) + +&#x200B; + +Hi all, + +There were a lot of apes in the daily discussion thread wondering why the DD by /u/leavemeanon was gone. Turns out they've deleted their account for some reason, along with their posts. I did a bit of digging and managed to recover their posts (shoutout to [https://camas.github.io/reddit-search](https://camas.github.io/reddit-search)), which I'll be shamelessly reposting as there seems to be some demand: + +&#x200B; + +https://preview.redd.it/mowgrrt7bj371.png?width=800&format=png&auto=webp&s=16afc396f13b3039dbba77ceea549b894f78c1b9 + +So, without further ado: + +&#x200B; + +\----- + +&#x200B; + +This post is the first of (at least) 3. I’ve been writing it for a few days now, so it’s pretty long. Some parts are a little repetitive, but this stuff is complicated (for a reason) and I really want people to understand how it works. Clarity is important to me because 1) I want to know when I’m wrong, and 2) obscurity and complexity are pretty much the only things supporting the House of Cards. + +Oh and I hate to ask but - even if you just read the TLDR (or can’t read all) but think the post is at least worth looking at, please upvote. I’ve seen the power of the bots and all the words are scary to begin with. Save the award money for more GME 🚀🚀 + +// + +## TLDR: + +APs, like Citadel, use ETFs to provide liquidity. When there are lots of buyers (GME in January), it’s their job to make sure those buyers have sellers to reduce volatility. Yes, stopping squeezes is a large part of their job. They do this by buying ETF shares and selling the GME inside. **BUT** the SEC has made a series of exemptions for APs that allows them to sell ETF shares up to 6 days before depositing the securities needed for creation. It’s selling before buying, and not locating shares to borrow. That’s naked shorting, up to 50,000 shares at a time. And the securities needed for deposit within 6 days, the ones naked shorted? They go unreported as part of *bona fide* market making. That’s where (some of) the shares are. In this post, I go looking for them. + +// + +## ELIA: + +ETFs trade on the market like stocks, but they actually represent some proportion of underlying securities. Authorized Participants (APs are big banks and Citadel) trade ETFs in groups of 50,000 shares called “creation baskets” - and these creation baskets can be exchanged with the underlying securities in the ETFs proportions. (lol it’s actually *any* proportion, but more on that later) + +**For an AP: 50,000 shares of ETF = “creation basket” = 50,000 shares of underlying securities.** + +They’re interchangeable, for a small fee. + +This process allows APs to profit from arbitrage: the process of creating or redeeming creation baskets to profit from differences in an ETF’s market price and the Net-Asset-Value (NAV) of the securities underlying it. A presentation given at Wharton (linked below) showed that APs can make higher and more “predictable” returns by exploiting an exemption that allows them to **sell ETF shares that they do not own up to 6 days before purchasing the securities needed to create them.** + +This is effectively short selling via ETF, **and** they are legally exempt from locating a valid share to borrow. So it’s naked short selling via ETF. + +Also, the shares deposited (short, naked, or otherwise) for ETF creation are not recorded on the APs books, so any short interest involved in arbitrage will not show up in FINRA numbers. Per the [Securities Act of 1933](https://sec.report/Form/Securities-Act-of-1933.pdf). + +*However*, as the presentation explains, evidence of this activity would include creation of ETF shares without redemption, particularly in ETFs that are more liquid than their underlying securities. *cough, GME, cough* + +This would result in consistently increased ownership in the ETF, so evidence of this process can be found in ETF ownership anomalies. + +I discuss this data and more, which ultimately suggest, in my opinion, overwhelming evidence of heinous levels of naked short selling across multiple securities, systemically linked through these ETFs and hidden by *bona fide* market making arbitrage provisions. Due to liquidity, or lack thereof, and GME’s 60+ ETFs, it was the perfect target for this activity. This is why GME is the black hole. + +*Whoopsie* + +I argue that Citadel and friends tried bankrupting GME with this system by hiding naked shorts and FTDs across these ETFs, hoping to dilute share price all the way to bankruptcy. I discuss mechanism behind this, HFT’s role, how BoA, GS, and JP got involved, how RC pretty much handed Citadel’s balls over to BlackRock, and what all the footprints left behind might reveal about the scope of this whole thing. + +Spoiler, they’re fucked^(fucked) + +// + +## Preface + +(( **I’m skeptical by nature. Like any tool, skepticism isn’t inherently good or bad - it’s just useful. In some cases more than others.** )) + +As a disclaimer, not only am I **not** a financial advisor. 6 months ago I had virtually **no** financial background whatsoever. The entirety of my relevant knowledge has come from months of independent research and personal interviews. I believe it’s fair to say I have a proficiency for puzzles and a nose for bullshit - and the dynamic between the two has served me well in the past. + +I attempt to discuss an *incredibly* complex system here, the depth of which I’m certainly ignorant to. I decided the “Great Wall of Text” approach just was too much. Plus, I’ve been so close to putting things together for such a long time, I’m eager to have it reviewed. So I’d like present the story as soon as possible it to encourage more apes to dig deeper into this stuff. + +I’m sure many of you have years of experience beyond me, but I’ve gone to great lengths in trying to understand the mechanics and regulations at a granular level - as well as their context in the events we’ve hodled through - so I hope you’ll at least give me a chance. I *really* hope you can correct me where I’m mistaken. I’ll try to answer all questions I can in the comments. I just like to figure stuff out. + +It took months of notes and connecting dots to put this together, and I’ll eventually discuss mechanics and examples of arbitrage, creation/redemption, liquidity provisions, ex-clearing, synthetic options positions, gamma-delta hedging, disclosure laws, exemptions, Repos, RRPs, APs/MMs/BDs, FTDs, ETFs, ETNs, and all the regulations supposedly governing this whole fiasco. I try to stick to the official facts and documents, and I hope you glance at the sources I linked. + +I’ll try keeping it to 3 chapters, though. This post will be the first - on ETF Arbitrage and it’s importance to GME. + +# Introduction + +The true beginning of this story has been diligently and beautifully covered in the last few weeks by u/autobitt, u/dlauer, Dr. T, Wes Christian, and more. It starts with greedy and malicious short sellers making fortunes at the expense of companies, their employees, and their shareholders. This problem has existed for decades but was able to scale around 1990 - with the emergence of High Frequency Trading (HFT), Exchange Traded Funds (ETFs) and Options trading. Together, they allowed shares sold short and FTDs to essentially be scattered in various places, as [this 2019 video](https://youtu.be/ncq35zrFCAg) and [this 2013 SEC risk alert](https://www.sec.gov/news/press-release/2013-151) explain. + +I urge you, at some point, to look closely at both of those. Based on everything we’ve seen, I believe they are very pertinent and I’ll be leaning heavily on them to explain my reasoning. + +ETFs and options trading allow short positions in many individual securities to aggregate, roll forward, and be dispersed (and hidden) in index funds and derivatives. This is, effectively, refurbishing FTDs to manipulate the supply and drive price down. The potential consequences of this scheme was [forewarned in 2006 by Patrick Byrne](https://youtu.be/nLnw2_q5iMk) when his company, Overstock, was victimized by this process. Byrne worked with Wes Christian in 2006 to bring attention to the issue, but traction was soon lost in 2008 when a… *more immediate disaster*… popped up. + +In the 2000’s, High-Frequency-Trading (HFT) began dominating the markets. Citadel, possibly the world’s largest HFT trading firm, AND FRIENDS got involved when realized that “predictable” returns can be made through ETF arbitrage. + +Index funds like ETFs hold securities in certain proportions to track some index. To an Authorized Participant (AP) like Citadel, ETF shares are traded in baskets of 50,000, and they’re exchangeable with securities in the proportions of the ETFs holdings. This is called creation (buying shares and creating ETF) and redemption (redeeming ETF for shares inside). + +If there are differences in an ETFs trading price and it’s Net-Asset-Value (NAV), even for a fraction of a second, this is a profitable opportunity for an AP. If NAV > ETF price, then the 50,000 underlying securities are worth more individually than as an ETF. APs can buy ETF, redeem ETF shares for its underlying shares, then sell for a profit. If NAV < ETF price, APs can create ETF shares by depositing the underlying securities into the ETF fund, which provides the AP with ETF shares to sell for profit. + +**APs are also allowed to sell ETF shares up to 6 days before creating them**, as explained in the linked video. This is effectively a short position, and \*because **there is no supply limit for ETFs** (and ETF creation/redemption has less regulation than in short selling equities) **this can theoretically be repeated and hidden in perpetuity.** + +And they don’t even need a locate. This is essentially legal naked shorting renamed *providing liquidity*. + +So, for example, if the AP has reason the believe the NAV will decrease within 6 days, they can redeem ETF shares and delay creation, hoping to profit from the decreased NAV. The video calls this “directional short selling” - basically a euphemism for legal naked short selling. + +In most cases, this process is effective in reducing volatility by moving the “noise trading” into various ETFs. GME, clearly, is not most cases. I don’t think the system considered what happens when there are more shares owed than should be owned. + +But does this really even happen? Or to a significant degree? From the Wharton presentation: + +“ *Directional short selling is the strongest indicator of both short interest percentage and FTDs in ETFs.* “ + +This was likely practiced in a number of stocks. Or entire ETFs, such as XRT, which the presentation shows as having 77 million 13F (institutional) owners in 2017, despite only 11 million shares outstanding… + +**I argue that GameStop was the crux of Wall Street’s arrogance. I argue that existing data indicates naked short selling attempts to send GME into a death spiral by rolling** ***at least*** **double the number of outstanding shares in derivative short positions and FTDs, effectively diluting share price by inflating supply.** + +This would’ve been high-risk/high-reward with GME, because it’s 70 million shares outstanding is so small compared to other targeted companies. Blockbuster had 220 million. AMC has 450 million. + +With such limited supply, these “refurbished” (rehypothecated, rolling) FTDs can be more effective in driving price down. However, if the “bankruptcy death spiral” fails, covering **years worth** of these positions gets *very* violent. + +*Why?* Well the supply is comparatively low to begin with, and the creation/redemption process *during the death spiral* actually syphons real shares from GMEs float (I’ll explain how that works below). So the arbitrage process has moved a portion of the (already small) float into ETFs, and each share covered simultaneously increases demand and reduces supply. At some point, GME’s liquidity becomes bone dry because so many of it’s actual shares were converted into ETF shares. + +Demand for GME keeps rising, but supply is already zero. Demand drives the price up, lack of liquidity drives the price up, APs scramble to find ETF shares, further increasing demand and decreasing ETF supply. However, this time, providing the GME to cover shorts **adds no extra supply**, so the price for anything containing GME goes vertical. The whole process starts feeding on itself in reverse, and I argue that this has already begun. + +# Chapter 1: ETF ARBITRAGE + +## The Game + +[Blackrock’s explanation](https://youtu.be/iX7fOx5G40A) + +I’m the context of ETFs, arbitrage is simply profiting from the price difference of a security and an ETF containing that security. ETF shares trade on the market at market price, like an equity stock, but an ETF share actually represents an aggregate total of many stocks in a set proportion. The aggregate value of these equities in that proportion is called the Net-Asset-Value (NAV). + +ETF shares don’t always trade at their NAV. When this happens, there is a potential for profit because 50,000 shares of the ETF == 50,000 shares of the underlying securities in price, but Authorized Participants (APs) can exchange them nonetheless for a small fee. APs are usually big Banks and Market Makers (MMs): JP, Goldman, BoA, oh and Citadel. + +This “exchange” is done through a process called creation and redemption. APs, *exclusively*, are allowed to do this, and APs are usually big Banks and Market Makers (MMs): JP, Goldman, BoA, oh and Citadel. For example: + +Blackrock’s ETFs (iShares) are generally rebalanced 4 times per year: at the end of February, May, August, and November. So if GameStop goes to $350 in January after being balanced around $16 in November, the list I mentioned above (and more) can buy IWM, IJR, IWN, IJT, and all the other ETFs that GME is a portion of, break them open into their individual shares (this is done in 50,000 share baskets called Creation Units) and sell the GME inside. Because the ETFs proportioned GME at a $16 dollar price, the ETFs trading price didn’t go up as much it would if GME were proportioned in real time. NAV =/= ETF trading price, so while GME is rising, 50,000 ETF shares are cheaper than the 50,000 shares they’re redeemed for, because of the GME inside. + +*Why* are they allowed to do this?? According to the SEC, the answer is… [Liquidity](https://www.sec.gov/rules/sro/nscc/2020/34-89088.pdf) Oh, and somehow also [efficiency and transparency](https://www.sec.gov/investment/exchange-traded-funds-small-entity-compliance-guide). + +// + +Let’s take a step back for a second. So some portion of GME’s 70 million shares are purchased by ETF funds, like BlackRock’s iShares, in order to issue the first ETF shares. Then, APs come in and either 1) put some of those GME shares back or 2) take more out, based on the NAV of the ETF. Now, and this this important, **because APs PROFIT from volatility through arbitrage, they have an incentive to favor creation over redemption.** + +If, as an AP, you buy the shares from the market (or just naked short them), and have them trade as ETF instead, you decrease supply of the security. This increases volatility, which creates more opportunity for arbitrage - i.e. more opportunity for profit. AND if you have more shares for creation/redemption, you have better control over the prices of both the ETF and it’s securities. + +[Did I mention that Citadel is the world’s largest HFT firm](https://www.insidermonkey.com/blog/10-biggest-hft-firms-in-the-world-586528/?singlepage=1)? + +Anyway, there is a very strong incentive to take shares from securities and have them trade as ETF instead. And I’d argue that at some point, the “providing liquidity” excuse becomes void, because the AP was the one who diminished the liquidity in the first place. + +// + +Well what happens when an 7% of an ETF contains shares of a company you intend to bankrupt? + +[This 2019 Presentation at Wharton](https://youtu.be/ncq35zrFCAg), as linked above, briefly talks about XRT. I’ve linked it a few times now, *please* watch or save that video. + +The presenter notes that the example is extreme, and I’d say it’s borderline heinous. The SPDR fund had issued \~11 million shares of XRT in 2017, but the 13F filings added up to *77 million shares*. There had been 66 million shares created, but not redeemed. AP’s have the **exclusive** ability to create shares, and in 2017 the settlement period was 2 days instead of 6… + +The presentation also discusses an AP’s exemption allowing them to sell ETF shares up to **6 days** before depositing the required securities into the ETF fund to create the basket. The presenter discusses certain cases where ETFs are more liquid than their underlying securities, like GME, and the ETF shares seem to be continually created without ever being redeemed. This led to XRT. + +So of those 77 million XRT shares, say 6 % were GME (not sure exactly what it was at the time but it’s 6.75% now). That represents **4.62 million** shares of GME trading in XRT baskets. That represents almost 10% of GME’s reported float, from this one ETF alone. + +And *where* are these shares reported, exactly? I’ll let BlackRock tell you: + +\*\* “any securities accepted for deposit and any securities used to satisfy redemption requests will be sold in transactions that would be exempt from registration under the Securities Act of 1933, as amended (the “1933 Act”).” \*\* + +As I’m sure you guessed, they’re off the books. + +// + +**To recap:** + +When institutional investors and retail investors place bids for ETF shares, APs (banks and citadel) can sell ETF shares that they don’t have to “provide liquidity”. Then, within 6 days, the AP must deposit the sold securities into the ETF Fund. + +BUT! + +APs can (and have been known to) profit from expected decreases in the NAV of the ETF by waiting up to 6 days to deliver the shares. Until settled, this is a naked short position, and it’s not reported in the short interest. Oh and one more thing, + +[GME is in over 60 ETFs.](https://fintel.io/soe/us/gme) Go to “Top ETF” under “Ownership”. 68 listed ETFs right now. An AP can short XRT today, and settle by shorting IWM next week, then GAMR, then XRT again, then IJR…. you get the picture. + +// + +And it keeps getting worse. + +How exactly do you think this creation/redemption process is carried out in, say, Citadel? Is there a creation/redemption department with a few dozen people monitoring all these ETFs, the underlying securities, the NAV, and the incoming orders - looking for price discrepancies? A few hundred people? Just Ken-bo? Is Kenny G the Michael Jordan of arbitrage? + +Nope. Citadel is all about HFT. It’s algos. + +From [Investopedia](https://www.investopedia.com/articles/active-trading/092114/strategies-and-secrets-high-frequency-trading-hft-firms.asp) in 2020 - + +“Another way these \[HFT\] firms make money is by looking for price discrepancies between securities on different exchanges or asset classes. This strategy is called statistical arbitrage, wherein a proprietary trader is on the lookout for temporary inconsistencies in prices across different exchanges. With the help of ultra fast transactions, they capitalize on these minor fluctuations which many don’t even get to notice.” + +So, to be clear, Citadel, [the world’s largest HFT firm](https://www.insidermonkey.com/blog/10-biggest-hft-firms-in-the-world-586528/?singlepage=1) by \~20x the AUM of second place - the very same firm that [clears over 50% of RH’s trades](https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%20Rule%20606a%20and%20607%20Disclosure%20Report%20Q2%202020.pdf) and gets almost as much total trading volume as the entire NYSE, does the vast majority of that volume with lines of code, stuffed into thousands of black boxes in some fortress in the middle of nowhere… They buy *yachts* with this creation/redemption system. Do you think these lines of code secure a locate when they short shares to “provide liquidity”? + +(( Side note on another gem from that link: + +“HFT firms also make money by indulging in momentum ignition. The firm might aim to cause a spike in the price of a stock by using a series of trades with the motive of attracting other algorithm traders to also trade that stock. The instigator of the whole process knows that after the somewhat “artificially created” rapid price movement, the price reverts to normal and thus the trader profits by taking a position early on and eventually trading out before it fizzles out.” + +So yeah, no wonder we’ve had dozens of days with insane swings that ended up within 2 percent of open. Those RH orders pile up on Ken’s computers and he can basically execute them however and whenever he’d like. I digress. )) + +// + +## GameStop + +Back to GME in January. Ryan Cohen stepped in and at one point, GME did almost 200 million volume in a day. As buy orders come in, market makers like Citadel had to add liquidity from somewhere. After all, GME’s 70m shares outstanding pales in comparison to most other stocks in XRT, and just in general. AMC has 450m. NOK has 4.7 billion. + +So in a perfect world, these HFT algos buy ETF shares from the market, redeem them (often from BlackRock, who owns iShares, or StateStreet who distributes SPDR ETFs), and sell the GME. Remember - the number of ETF shares outstanding can fluctuate, but not GME (without shorts or moves from GameStop), so this would reduce the total number of shares of the ETF and *restore* the shares of GME that the process had originally depleted. + +So unless I’m mistaken here, keeping in mind Citadel itself clears almost the same volume as the entire NYSE - to provide liquidity and decrease volatility as buying pressure go up (aka delay the MOASS), should be buying ETF shares to put the GME back. So ETF ownership should **decrease** as they’re bought up and broken apart. If the ETF ownership stays the same, the extra liquidity is more likely to be short positions, naked or otherwise (to be covered the next day or who knows when). + +Well, somehow, from January 15-March 31, ETF institutional ownership **went up**. + +// + +## Here they are + +I did some math. + +I used FINRA numbers and the official ETF issuer’s websites (SEC requires them to provide this) to find 1) total shares outstanding today in May (from issuer), 2) institutional ownership from Jan and March (FINRA), 3) the percent GME (issued), and 4) who bought shares (and who did **NOT** buy shares). + +I looked at about 30 of GME biggest ETFs are picked out the ETFs with the most shares floating around. These account for the majority of total volume. Here are some of the standouts, as of, May 31: + +**IWM** \- (0.44% GME) - **300m shares outstanding and 345m institutional ownership.** + +345m IWM shares represents 1.5m GME shares. + +**IJR** \- (1.15% GME) - **629.7m shares outstanding and 444m institutional ownership.** + +1.15% of 629.7m shares is 7.24 million shares of GME. + +**FNDX** \- (1.01% GME) - **128.55m shares outstanding and 100.4m institutional ownership.** + +Another 1.3 million GME. + +*last but not least* + +[Wedbush back at it again with](https://www.stocklaw.com/securities-fraud-blog/2019/june/wedbushs-latest-penalty-is-an-8-1-million-sec-fi/) **GAMR** \- (1.42% GME) - **70.77m shares outstanding and 190,000 institutional ownership.** + +Another million. + +Honorable mention goes to XRT, with 15 million institutional owners holding a total 1 million GameStop shares, though XRT has only 9m shares outstanding. + +**Adding up just the ETFs I looked at, there are over 20 million claimed owners GME via ETF** + +That 20m number doesn’t even include retail ownership in ETF, short interest, “family offices” (like Archegos) that don’t have to report their positions to the SEC, any shares from ivestco ETFs (they have many shares outstanding but no reported GME weight despite owning GME, per fintel), or any trades settled in ex-clearing. + +It also excludes short positions extended by options and other derivative instruments, which I’ll talk about in the next post. + +This is just the tip of the Glacier. + +Even the at 20 million at face value means that, as of May, there is a **float sized chunk** of GME trading as ETF shares. + +I’d estimate, just through the ways around regulation that an ape can find on the internet, the number is *at least* twice that. Byrne mentioned that it could be closer to 5x the reported numbers. + +When Ryan Cohen simultaneously mapped GameStop’s future and gobbled up 9 million shares, I think shorts piled into ETFs, particularly BlackRock’s iShares. They got a glimpse. In light of this, I think it’s *very* telling that they hodled. Hodled Citadel, by the balls, that is. + +Oh, and somehow, almost every ETF I looked at miraculously **increased** in shares outstanding and institutional ownership 2020-2021, even from Jan to March. Despite the fact that the NAV was consistently higher during those periods… + +Among the buyers were Morgan Stanley, Bank of America, Goldman Sachs… + +So who were the sellers? +I am in my last year of training as an emergency medicine resident living in a big Midwest city. I have about $80,000 of student debt from undergrad and $230,000 of student debt from medical school (interest rates ranging from 3.4% to 6.8%). I went to med school straight after undergrad and started residency right after med school. + +Resident salary for the past 3.5 years was about $50,000 (working close to 75 hours per week) so I was only able to make close to minimum payments. Since interest has been accruing while I was in medical school and residency, I have not even begun to dig into the principal debt. Thankfully, I just accepted an offer as an emergency physician with a starting salary of $230,000. + +I'm having trouble coming up with a plan to start paying back my debt as I also want to get married soon (fiance is a public school teacher) and I will need to help my parents financially (immigrant parents struggling to stay afloat). + +Honestly, I'm scared to live frugally for the next 5 or so years because I feel like I've missed out so much during my life already (30 years old, haven't traveled anywhere, been driving a clunker, never owned anything, never been able to really help my parents who risked their lives to come to this country so I can have a better life). And after being around sick people (young and old) during the past 8 years my biggest fear in life is dying or getting sick before being able to enjoy the world. I am scared to wait until I'm in my mid 30s to start having fun and enjoying my life. + +What should I plan to do in the next couple year? Pay most of the debt and save on interest or make standard payments and start doing the things that I really want to do? Somewhere in the middle? Any advice would be appreciated. +* Shares of Netflix cratered more than 23% on Tuesday after the company reported a loss of 200,000 subscribers during the first quarter. + +* It’s the first time the streamer has reported a subscriber loss in more than a decade. + +* Netflix blamed increased competition, password sharing as well as inflation and the ongoing Russian invasion of Ukraine for the stagnant subscriber growth. + +* For the current quarter, Netflix said it expected an even steeper decline in new users. The streamer said it sees subscribers declining by 2 million in the fiscal second quarter, whereas consensus analysts were looking for a gain of 2.4 million. (h/t /u/Tellon) + +[Sub Growth](https://imgur.com/a/cYtSopG) +Got sick of reading all the surface-level reports on Evergrande and their debt holders. So I've put together a bit of digging. It's rly hard to find in-depth info on this company. So pls if you find some more missing pls drop it in the comments. Hope you enjoy. Ive posted my highlights but this is a long-haul read. + +# What is Evergrande Group? Highlights + +The Evergrande Group is a Chinese holdings company best known for property development. The group sells apartments to upper and middle-income customers. The group has a diversified series of businesses that operate across eight different industries. The sheer size makes them China’s second-biggest developer and Evergrande alone accounts for 2% of China’s GDP + +Evergrande’s massive scale of operations has landed them 122nd on the Fortune 500 Global list.  Currently, the total assets of Evergrande Group have reached RMB 2.3 trillion (355.6 Billion USD), and the group has annual sales exceeded RMB 700 billion (108.25 Billion USD). This makes them 122nd largest in terms of revenue in the world. + +Evergrande is a significant portion of the Chinese Real Estate Sector, comprising 1.13% of the total market cap. + +**The Rise and Fall of China’s Real Estate** + +The Chinese Real Estate market has been unrivaled over the past decade, reaching new heights and delivering a breathtaking 98% Annualised average growth rate since 1997. + +The China property boom has been encouraged by fiscal policy and catalyzed by relaxed lending and ghost town constructions. + +https://preview.redd.it/j8ja05c7dfq71.png?width=831&format=png&auto=webp&s=2e57474aefaa7e804b88d4bcfb2dbce88a671539 + +We have seen developers borrowing billions creating [ghost towns](https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-debt/9912186) of apartments, supported by the bank’s constant lending and the government’s relaxed lending policies. + +China’s slowing economy amidst the COVID recession has pushed the crisis into the light as more and more borrowers defaulting on their loans. As a result of China’s ever-inflating [property bubble](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/chinese-banks-seen-withstanding-rising-household-defaults-58028071), there has been stricter ruling for property developers such as China’s Evergrande Group. Developers are now forced to rein in their oversized debt to more manageable levels + +This initiative is there to protect China’s property market, but with giants like Evergrande being pushed into the spotlight now, it may be a little too late. + +**What is Evergrande? Group Segments** + +* **Evergrande Real Estate** + +The Evergrande Group has been making headlines around the world following its astronomical debt crisis. This problem stems from the groups Real Estate subsidiary. + +With over 1,300 projects across China, Evergrande Real Estate is the key contributor to the Evergrande group. Their Real Estate arm is a forerunner in Chinese property providing housing for more than 12 million proprietors. + +**How does the Evergrande Real Estate Business Work?** + +Evergrande has an extensive history of financing and running its colossal expansion through debt, which in part lead to the rise and fall of the Evergrande empire. The group would snap up land all over China, often paying well above market price to secure land and finance its projects with debt. + +Evergrande had easy access to debt facilities from its extensive relationships with the state’s banks, including ownership in some of China’s banks. The group would also raise billions of dollars through bonds. Evergrande would then take deposits from potential buyers and begin constructing massive apartments. + +Evergrande sold a large number of its bonds to funds such as UBS and Blackrock. Through using the revenue from previous constructions the group would rapidly begin new projects and expansions, all funded through debt. This cycle continued for years as Evergrande build a massive empire build on debt. As long as new money kept coming in and the Chinese property bubble continued, Evergrande could continue to amass its projects. + +With the rising concern of China’s real estate bubble, the CCP *(Chinese Communist Party)* began regulating the sector heavily to avoid a burst. This eventually led to the fall of Evergrande’s projects. + +* **Evergrande New Energy Auto** + +China’s Evergrande New Energy Auto also comes under the Evergrande Group banner. This business is separated listed as China Evergrande New Energy Vehicle Group Ltd 0708:HKE. + +Evergrande New Energy Auto is an electric vehicle company that has designed 14 vehicle models, with nine so far available to the public under the Hengchi badge. The group has the ambitious goal of achieving an annual production and sales of 1 million vehicles by 2025 and 5 million by 2035 to become the world’s largest and strongest new energy automotive group. + +In reality, the group hasn’t sold a single car yet, meanwhile, tesla saw the production of over half a million vehicles in 2020. + +* **Evergrande Propety Services** + +Evergrande Property Services much like their Electric Vehicle arm is a separately listed entity under Evergrande Property Services Group Ltd or 6666:HKE. + +The Property Services Group manages a portfolio of clients across China including high-end residential, Theme Parks, Healthcare Complexes, Theme towns, Schools, office buildings, and commercial properties to which it provides property management services. + +* **HengTen Networks** + +Evergrande has a 37.55% stake in China’s listend HengTen Networks 0136:HKE. HengTen Networks Group itself is a diversified investment holding company. The group holds stakes across community services, trading of securities, provision of loan financing, and property investment. + +The reportable business segments of the company are Internet community and related businesses and Manufacture and sales of accessories. + +Early July saw Evergrande entered into an agreement to reduce its stake in HengTen Networks to 26.55% ownership. The 11% reduction will be sold to Tencent Holdings Ltd and an Unidentified entity. The timeframe of the agreement is unclear at this stage but will free up HKD $3.25 Billion (Around $418 Million USD) for Evergrande to facilitate debt settlement. + +As part of the agreement, Evergrande has agreed to provide a 5-year loan of HK$2.07 billion to HengTen to support its business development. + +* **Fangchebao: FCB Group** + +FCB Group establishes a whole channel trade and service platform of real estate and vehicles both online and offline. Or put simply they offer brokerage services for real estate and vehicles. The group has 21 million brokers and 43,000 offline stores attracting over 20 million clients. It is expected to reach an annual trade amount of RMB 2 trillion in 2021. + +Earlier this year in March, Evergrande unveiled plans to spin off FCB Group as part of a NASDAQ IPO. The group had secured 17 investors in Pre-IPO raising looking to secure a 10% stake in the real estate and automobile marketplace for HK$16.35 billion ($2.10 billion USD). This deal valued FCB Group at HK$163.5 Billion ($21 Billion USD) in Pre-IPO. + +* **FairyLand** + +Evergrande Fairyland develops and constructs a unique theme park that provides full-indoor, all-weather, and all-season services, and also develops “Ocean Flower Island” in Hainan, China, a cultural destination appealing to tourists around the world. + +* **Evergrande Health** + +Evergrande Health Group operates “Evergrande Healthy Land”, a health and wellness park, and retirement community with health insurance products. The group works with the Brigham and Women’s Hospital to manage Boao Evergrande International Hospital in Hainan. The hospital sits within the Hainan Healthy Land precinct. Evergrande Health is also planned and operated by the Evergrande Auto Group (00708.HK). + +* **Evergrande Spring** + +Evergrande also has a 49% ownership of Evergrande Spring a bottled water segment of the overall Evergrande Group. Evergrande Spring has also been discussing a Hong Kong-based IPO to help provide liquidity to Evergrande’s debt crisis. A potential IPO could raise several hundred million dollars and take place next year, although no further details are clear at this stage. + +**Evergrande Holdings** + +https://preview.redd.it/1jfqxa99dfq71.png?width=739&format=png&auto=webp&s=2fd0e6dd75fb86bf1156e180be2ce986f81ef21b + +**Evergrande Debt** + +**How Much Debt Does Evergrande Have?** The group’s total liabilities are estimated at 1.97 trillion Yuan ($305 Billion USD), and debt at 572 billion Yaun ($88.57Billion USD). + +Due to the diversified nature of Evergrande’s debts and liabilities, it is hard to account for all the group’s owings. The group also has a number of off-balance sheet debts. Best estimates as above put their total liabilities and debts at $393.57 Billion USD. + +The group’s interest liabilities are said to be **rising by around $28 million daily.** + +**Who Holds Evergrande’s Debt?** Evergrande’s Debt and liabilities are widely held by Chinese financial institutes, fund providers namely HSBC, UBS, and Blackrock, retail investors through bond investing, homebuyers who place a deposit on projects, and Evergrande’s construction partners including construction material and design contractors. + +**Chinese Debt Regulation: How Much Does Evergrande Have to Raise?** + +in 2020 Beijing introduced strict rules for the countries real estate developers, to help protect the sector from a real estate debt bubble. + +The rulings are known as the “Three Red line System” + +**What is the Three Red Line System?** The three red lines have been established to prevent a systemic crisis arising from inflated debt burdens carried by China’s biggest developers. The provisions are as follows: + +* A 70% ceiling on liabilities to assets, excluding advance proceeds from projects sold on contract, +* A 100% cap on net debt to equity, +* A cash to short-term borrowing ratio of at least one. + +https://preview.redd.it/sqppckabdfq71.png?width=951&format=png&auto=webp&s=0a50bcfba2d8c73f97db98e49d121098dd28e041 + +With Evergrande struggling to meet the new measures we saw the group offering properties at major discounts and rushing to take their other businesses public to provide liquidity to the group. + +**How Can Evergrande Service Their Debt?** + +Evergrande’s debt is nothing new, it’s been weighing on their business slowly growing for years. The group has been taking some initiatives to improve cash flow and reduce their debt. This can be broken down into three groups; + +1. **Selling businesses and Raising Capital** +2. **Issuing debt to maintain Cash-Flow** +3. **Selling Assets** + +* **Selling Businesses and Raising Capital** + +One of the biggest plans for Evergrande was improving Cashflow and building their balance sheet by selling off some of their businesses. We saw this with the listing of Evergrande Property Services and Evergrande New Energy Auto. + +However, Evergrande may have been too late to this strategy, with many listing plans announced just prior to the explosion of the debt crisis. With all stocks and bonds under the Evergrande brand being sold off at alarming rates, it seems a little too late to raise capital. The company was in plans of offloading its electric vehicle and property management services stakes. + +* **Issuing More Debt** + +We have also seen a massive issuance of Evergrande bonds in the past as the group began piling on more debt to build cash flow. In the section below (Evergrande Bond List) we can see the mountain of bonds the group has amassed which will eventually have to be paid back to investors. + +* **Selling Assets** + +The company’s access to freely available cash is also shrinking. We have seen bank accounts frozen and the sale of two of the company’s residential projects halted until mid-October. We have also seen the group selling developments at a steep loss, including talks of selling their head offices for just HK$10.5 billion, 33% less than what they purchased it for. + +All three methods of cash flow have been drying up amidst a massive liquidity crunch, leaving Evergrande even more exposed. + +**USD and Yuan: Evergrande Bond List** + +https://preview.redd.it/o5ts1lycdfq71.png?width=780&format=png&auto=webp&s=c1c9bbaad034b1de2c429e7406c21960747b4e98 + +Evergrande narrowly escaped defaulting on their Bond Coupon payments on September 23. But when we break down their mountain of bonds, this was just the beginning. Eventually, all bonds will have to be paid back at face value by Evergrande which will amount to a much larger sum than the $83.5 Million payment in September. + +Among these bonds, we can see just under USD$3.5 Billion due in the first half of 2022. Along the way, there is also a number of coupon payment due, all of which are to be made in USD. This becomes even more expensive with the falling Yaun. + +**Who are Evergrande’s bond holders?** + +https://preview.redd.it/618uzqdedfq71.png?width=787&format=png&auto=webp&s=b33eb3bbf867ebcdd4d3f8949a10350b962fdf89 + +**Evergrande Share Price** + +Seeing red is nothing new for the Evergrande share price which has been on a downwards bearish trajectory for the last four years. In July the Evergrande (3333.HK) share price collapsed, losing a massive 50%. + +>**In just six months Evergrande has managed to wipe away over $100 Billion USD in value from their stock price.** + +With investors seeing their holdings further cut in half over July, Evergrande's Market Capitalisation lost HKD$8.165 Billion over the month, ranging from HKD$16.33 Billion to HKD$8.165 Billion. + +We do see a sharp increase in Evergande's share price around September 23rd. The day many investors and creditors feared the company to default on $83.5 Million dollars in Coupon payments of US dollar-denominated bonds. The company managed to make the payment. This surprised shareholders who were largely expecting the group to default and pushed the price higher. + +It has since restarted its bearish slide as a mountain of debt obligations are still ahead of the company. + +**Who Ownes Evergrande?** + +https://preview.redd.it/ec9qc1rfdfq71.png?width=751&format=png&auto=webp&s=a030c1c3ac90031f2429e1256c90f6be63c0f159 + +We can see that Evergrande Group has maintained massive insider ownership at around 78%. Of this Ka Yan Hui (Xu Jiayin), Evergrande founder and Executive Chairman owns 76.98% of the company or 10,162,119,735 shares. + +Ka Yan Hui's position has landed him a spot on Forbes Billionaire list.  Forbes listed Xu as third on the list of the Richest Chinese Billionaires. Although Evergrande's mounting debt and the collapsing share price have seen his wealth slashed by tens of billions over the past five years. + +Chinese Estates Holdings Limited (HKE:0127) and CEO Chan Hoi-Wan are also significant holders of Evergrande with a 6.36% and 1.49% respectively. Chinese Estates Holdings is also in the property development and lending business. The group has rapidly been selling down shares and plans on [completely dumping](https://www.reuters.com/world/china/evergrandes-second-biggest-shareholder-plans-sell-entire-stake-2021-09-23/) its holdings. + +Chinese Estate's share price has also been bid down massively at high volumes as investors grow nervous of their massive stake. + +We can see fund providers Vanguard and Blackrock has exposure to Evergrande. This is through Funds such as [VAE](https://www.vanguard.com.au/personal/products/en/detail/8215/portfolio) (Vanguard FTSE Asia ex Japan Shares Index). VAE has 1440 holdings with Evergrande being the 601st largest holding accounting for 0.02945% of the fund. + +UBS, Blackrock, and HSBC were also accumulating the developer's bonds until relatively recently including when it was already clear the company was experiencing financial difficulties.  + +https://preview.redd.it/tr6sm4ngdfq71.png?width=780&format=png&auto=webp&s=06f6c7bf415cca43f0921cba694c5da638d9596f + +**Insider Selling: Evergrandes Executives Selling Down** + +As part of Chinese Estates dropping their holdings in Evergrande CEO Chan Hoi-Wan has been rapidly selling off shares since August. In just under a month Hoi-Wan has sold off HK$115.7 Million, with more selling likely on the way. + +>**"The directors are cautious and concerned about the recent development of China Evergrande Group including certain disclosure made by China Evergrande Group on its liquidity,"** +*Chinese Estates Holdings Limited* + +The Chinese Estates Holdings group has a massive reliance on Evergrande and bragged about their massive increase in Revenues and Profits thanks to dividends realized from their Evergrande holdings. 35.8% of the group's assets are listed shares and bonds in the failing Evergrande. + +The collapse of Evergrande may put Chinese Estates Holding under great financial stress. + +**"Chinese Estate's securities investments in China Evergrande including listed shares and bonds amounted to HK$13,414.2 million (2019: HK$20,012.0 million) or 35.8% (2019: 41.4%) of total assets."** + +**Is Evergrande too big to fail: Crash Imminent?** + +**When Will Evergrande Fail?** It's difficult to say when the company will default on payments and fail. With a massive USD$3.5 Billion in bonds due in the first half of 2022, it seems the default is imminent. The CCP is currently in talks with Evergrande and looking to head up the group's liquidation. + +**Who Will Be Impacted by Evergrande?** Evergrande has a large network of relationships that will be hit by the debt explosion. Depending on the details of the liquidation we may see Evergrande shareholders lose all their capital, Banks with Evergande on their balance sheet may see large impairments, Bondholders such as retail and funds like UBS and HSBC will lose value on their investments, and contactors of Evergrande may not be paid for their services. Perhaps the most heartbreaking and biggest impact will be the families of China who put down deposits with Evergrande who stand to lose a house and deposit for some time. + +**What will the fall of Evergrande look like?** There are three popular opinions for the events surrounding the downfall of Evergrande. + +1. **A Complete Fail of Evergrande- With No Government Bail Out** +2. **The Government Assists in the Slow Collapse and Liquidation** +3. **The Government Bails out Evergrande** + +**A Complete Fail of Evergrande- With No Government Bail Out** + +The complete failure of Evergrande would have massive repercussions for Evergrande's stakeholders and the Chinese financial system. With China's developers, all being heavily in debt investor confidence will ween from the property sector. We would see banks, investors, and funds shy away from developers creating a credit crunch for China's massive Real Estate sector. + +With the real estate sector accounting for 30% of China's GDP this would put a dampener on the Chinese economy. + +With the downfall of Evergrande, we will see defaults across their debts and liabilities leaving many contractors unpaid and banks across the country realizing impairments, again impacting the wider Chinese economy. + +An Evergrande explosion would also see 1.7 million Chinese families homeless with no deposits recovered. With growing concerns of this possibility, we have seen rioting and general unsettling throughout China. On the back of Hong Kong riots, further trouble across China will lead to widespread Chinese up evil. + +**Evergrande's Heicharchy of Debtors: Who will get paid? In Order** + +1. **Suppliers and Customers:** Supliers and contractors of Evergrande who have completed work for the group will likely be first to be paid along side the 1.7 Million customers that put up a deposit for housing. +2. **Banks and Wealth Management Investors:** State-Owned banks are among the biggest holders of Evergrandes debts. They will receive money after liabilities are paid out. Alongside wealth management investors who were promised low-risk mortgage based securities. +3. **Unsecured Debtors:** Many international and domestic funds and private investors hold Evergrande Bonds. These unsecured debtors will be paid out after all liabilties and secured debts. +4. **Shareholders:** Any remaining capital would be returned to shareholders + +**Summary/TLDR** + +Evergrande is Chinas most indebted and second-largest property developer. The group has leveraged itself heavily into China's property boom. But increased regulation has exposed their crippling debt and forced them to reduce their risk in line with China's Three Red Line policy. + +In trying to leverage down the company has been caught out defaulting on contactors and ruined investor's confidence. With investors rushing to sell Evergrande, the run on the group has caused a credit crunch which has Evergrande stuck with its crippling debt. + +With a complete failure of Evergrande likely imminent, this may have massive impacts on other interlinked indebted developers and state banks. Complete failure may end Chinas massive property boom, dampening the global economy and leading to social unrest. + +Congrats on making it to the bottom. Hopefully found some new info in here. This is the [highlights from the full report](https://prophet-invest.com/what-is-evergrande) here if you feel like reading any more + +Again it was rly hard to find info on the group. I think this was largely from the tidal wave of mainstream media posts that clog up google. +I appreciate that even if we are a smorgasbord of shit-flinging crayon-eating monkeys, whenever you speak with us, I can sense the respect that you have towards us, your Shareholders. + +The speech delivered by Chairman Cohen last June was short but telling because, as I'm sure many will agree, you asked us to judge you by your actions, not by your words. + +Many might have overlooked it, but what really struck me here, is that despite many of us working 9 to 5's in blue collars, you subjected yourselves to our judgment, something, that in my experience, one wouldn't subject oneself to, unless there is respect given to the one who will make the judgment, in this case, to us: the retail investors. + +In case a few have missed, though highly unlikely, I also deeply appreciate that it is the Company itself, and not the insiders, that sold shares at market rate, which shows how serious you guys are in transforming Gamestop from a dying brick-and-mortar into a leader in the market, instead of abusing the trust of your shareholders by using our hard-earned, *really hard-earned,* money to ensure yourselves a comfortable life. Because of that, we know that the money we invested really is meant to be used for WORK. + +Please know that some of the money that went into our Gamestop's warchest is earned from the sweat in our brows and quite literally, our blood, and so, even if this is just a small detail, I appreciate that none of your officers and board members online talk to us in a condescending or dismissive manner. Many of us here take this beating already day in and day out at work or elsewhere, and it will hurt if the very company that many of us have trusted with our hard-earned money will also speak to us in such a way. + +I won't deny that some of us really can't wait for the MOASS. It is a fact that it is this thesis that brought many of us here. But then again, as Mr. Larry Cheng said, some companies transform into something bigger than itself and becomes a movement. This is no longer just about the tendies and some loot and leave the company; this is now about justice and the bonds we have shared with many others while investing in this Company. I for one have DRS'ed my shares and if this thing finally pops off, they are never leaving. I will HODL those shares with pride forever. It is proof that I stood by this Company through thick and thin, through MOASS and post-MOASS. + +It is understandable that the way you communicate with us, or not \*wink-wink\*, is through the way you guys do because of legal reasons. But not only was the method fun, you have actually helped us develop wrinkles of our own, we are now more knowledgeable in investing and economics because of this. This even helped strengthen the bond between the retail investors and the Company, because we have exercised the ability to understand one another without directly speaking to one another. I sure hope that this trust is something that you hold preciously and something that will push you guys to deliver the best for Gamestop's customers, employees, and shareholders. + +We as individuals are doing everything we can to support the Company on our side and we can see that you are doing the same on yours. + +More power to everyone and personally, I hope that Gamestop becomes a model company not only for the way they delight their customers, or deliver to their shareholders, but also to their employees. + +Let's win this thing. +https://preview.redd.it/3fiuuqc1eke91.png?width=588&format=png&auto=webp&s=5d03343a666eb30cc055b3e1900537b8ce844eda + + Wait,...what? + You had 1 phantom share for which broker did not get any split shares. So, they marked your account as owing them 3 shares?🥴 + Seems that "short" is internal to them, & should never have shown on customer statement. + But, "it happened" & you have the document. + +[Source](https://twitter.com/SusanneTrimbath/status/1553105521762344965?s=20&t=d1z-oEzb96fqu50fX1lAkA) + +&#x200B; + +So what I understand is broker disguised the short position (internal to their system) as long position on costumer's account details (what you see). So when it is time to deliver splividend, the real info showed up (their system glitched form hiding crime) and that is why some costumers now have 3 short position per original long positions they have. In a CASH account also. This make sense - it will happen if you're short 1 share pre-split dividend, on delivery date, you will now owe 3 more shares. + +Is this the proof who are on fence about DRS needs to see? You don't own your shares, you may have an IOU, what you see in your account details is NOT REAL, your long position are actually short positions, it doesn't matter if you have a cash account (remember what WES CHRISTIAN said?). Do people really need to be F first before they do something about it? + +It would really sucks if you miss out on a GS release (whatever it is) because it turns out you are not eligible because your broker Fd you. + +&#x200B; + +BUY, HOLD in CS, DRS + +Just opinion and not a financial advice. + +&#x200B; + +Edit: + +[Update](https://twitter.com/SusanneTrimbath/status/1553145432972431360?s=20&t=PFCuU6eN6lSmgnPrpUnHjQ) + + Exactly. I'm not really surprised "it happened" but I am surprised the broker provided such clear documentation of it. They are usually much more careful than that. 🤔 + +[update](https://twitter.com/SusanneTrimbath/status/1553174704525041665?s=20&t=PFCuU6eN6lSmgnPrpUnHjQ) + + If you buy/hodl your shares at the company's agent, you are not getting phantom shares. You are a bona fide shareholder (not an entitlement holder) and have all the associated rights (dividends, notes, etc.). + +&#x200B; +As the title says, I just bought a used car for the first time this past weekend. While I am very happy about the car and I think I found a good deal, honestly I found the entire car buying experience terrible so I figured I would try to share what I learned from this experience. Keep in mind that this is really a write-up about buying a used car from a dealership and not a private seller. + + +**Start a spreadsheet.** + +Seriously. Just do it. You will be looking up a bunch of cars from many different dealerships, and when your email/voicemail is full of them trying to schedule appointments, you will be relieved when you can reference your handy spreadsheet. Mine included year, model, color, dealership, link, listing price, quoted price, and whether the car fax showed any accidents or damage. + + +**The true price.** + +Most used car dealerships advertise on cars, autotrader, carsforsale, etc. 90% of the time the price you see is misleading. This is because the price they advertise is the “internet price”, which does not include the following: + +* Taxes (Look up sales tax rates for your state) + +* “Dealer prep” fees + +* Document fees + +* Title and tag fees + +* Financing fees + +* Rebate fees (more on this below) + + +After adding all of those fees, a $10k car could easily become a $13k-14k car. On the topic of rebates, that “internet price” I mentioned before is the price that the car WOULD BE if you qualified for every available rebate. These rebates would often include active military, recent college graduate, or if you bought a car at that dealership in the past XX years. One Jeep that I looked at was listed at $11.5k, but since I didn’t qualify for those rebates it jumped up to $14k - and that didn’t even include the other fees! Always try to look at the fine print listed in these internet ads. + + +Before making a physical appointment, I always asked for a quote for the full “out-the-door” price. This includes taxes, fees, “rebates” I qualified for, etc. This was useful for a couple of reasons. The transparency let me know if it was actually in my budget before I invested myself any further. Also, this gave me an idea of the dealer would be easy to work with or not. A dealer that is not willing to give a quote is honestly not worth the hassle. This leads us to our next point. + + +**Find A Good Dealership** + +Despite the stereotypes, not all dealerships and used car salesmen are scum of the earth. Look at their ratings on Yelp, Google, etc. I strongly encourage you to only shop at a dealer with decent ratings. Like I mentioned in the pricing section, I only invested my time with dealerships that would give me a ballpark quote for the price that was out of the door. Most dealers will offer some type of service incentive to buy their vehicles, and it’s important to remember that you may be working with this particular dealership in the future. See how they talk to you during negotiations – are they polite, arrogant, pushy, or pleasant? This is your purchase, do not let them sour it for you. + + +**Be realistic about your expectations.** + +You probably won’t be able to get a new car for 1/10th the price. Used cars are just that - used. They may have been in accidents, they may be scratched, dirty, have a smell. Not all of them - some will be detailed, some will have more maintenance than others. When possible, ask the dealer how much maintenance and repairs they have invested in that vehicle. ANY decent dealer would be able to pull up that number for you. Regardless, know your budget and what you should expect with that budget. If your budget is $5k, you most likely won’t get a car that is less than 8 years old and has less than 90k miles. + + +**An accident is not necessarily a deal breaker.** + +If the carfax shows an accident, don’t close the door just yet. Try to find out more. Did the car slide into another parked car? Was the accident reported in 2012, and then continued to drive for 8 years? Was the damage superficial, structural, to the engine? Once you find out the true nature of the accident, you might be surprised by what you are comfortable with. + + +**Negotiating** + +So you finally found a car you like. It’s in your budget. It has good miles. It appears to be in good shape. You’re about to go in and see the car in-person. Keep this in mind: the dealers goal is to close the deal the first time you visit. The best approach is to go in prepared: + +* Know what a good deal for that car is + +* Know at least one equivalent year/model car from a different dealership. Tell the current dealership that after you’re done at this dealership you are planning on going to another dealership to compare a similar make and model. This will make them want to “out-due” the other dealer. + +* Draw a line: assuming the car is up to your standards, set a price that you would accept if offered. I guarantee they will ask anyway. Take a few minutes before you go into the dealer and ask yourself “What price would I be willing to accept today?”. My recommendation is to name a near crazy good number. Keep in mind that the number that you tell them will become your lower floor number, and no negotiations in the future will ever go below this number again. + +* Talk about all of the negatives of the car. Was it ever damaged/involved in an accident? Is it higher than average miles? Scratches, dings? Do all of the electronics work? + +* Even if you do not qualify, **ask for the rebates anyway**. The worst they can say is no, the best they can do is save you thousands of dollars. + + +**Financing: The average consumer is stupid. Don’t be average.** + +Know your shit. Understand how financing works. Understand interest rates, life value of the loan, and payments. Become familiar with the “PMT”, “PV”, and “FV” functions in excel. If you need to finance *through the dealership*, keep in mind that you will most likely end up paying a financing fee. This fee will range anywhere from $500-$800. I would never recommend taking out an auto-loan for longer than 2 years. **If you can’t pay off the loan in 2 years, you cannot afford the loan.** + + +*Edit: Getting some flack for the above statement. I guess that while in some situations a low interest rate longer term loan makes more sense, I would just encourage users to be very careful and meticulous when sorting through the longer term financing options.* + + +If you get to the financing stage, be very careful about it. I had a highly rated dealership, and they still tried to pull some fast ones at this stage. For example, I wanted to put about $6k as a down-payment and wanted to finance the other $5.7k. When they pulled up my options, I saw 4 different monthly payments. These plans differed based on if I elected to get additional ‘coverage’ (tire rims, an extended warranty, etc). What made me angry was that **NONE of the payment options listed we’re reflective of the raw price, without any elective coverage.** The cheapest option I saw was ~$35 higher per month than the financing alone. I had to actually ask the dealer to show me a financing plan that did not elect any other additional coverage. Do not be afraid to whip out your calculator. This is your show and they are only the supporting cast members. + +To summarize, most of these tips are about being organized, prepared, and patient. You will most likely sort through many crappy dealerships that are not worth your time. Make a spreadsheet. If you have a budget, stay within in it. Get out-the-door quotes. Gauge your dealer's attitudes. Know competitors, and research the historical price range for this make/model/mileage car. Be prepared to negotiate, and be prepared to walk away. +Well this week, I finally made $1,000 not once, but twice. I'm going to explain my strategy I used because I have not seen it browsing through this forum. The only security I played this week was SPY and I only used call options. I only purchased 10-15 contracts per trade, roughly $1,200-$2,200. I traded primarily in the first 3 hours of the day. Here's how I did it. + +To start off, this trading strategy is pretty simple. The primary focus is on VWAP. When SPY goes below VWAP, especially in the first two hours, I scale into contracts as it goes down. When it breaks VWAP, I scale out as I see weakness in the trend. I will include screenshots of entry/exit points of trades I made. I went back a month to simulate when I would enter/exit positions and I was surprised to find that I would have been green on about 80% of trades I made. + +Here are the trades I made on Friday: + + [b578fd36a75a0d5c78e9c287b2e0b2fa.png (1655×1014) (gyazo.com)](https://i.gyazo.com/b578fd36a75a0d5c78e9c287b2e0b2fa.png) + +The green ovals are entry points, the red are exit points. I was profitable on 100% of the trades I took on this day. + +On Wednesday I didn't make a trade until one hour after open: + + [ffbabfe03426f526ede52af84f5861ea.png (1655×1013) (gyazo.com)](https://i.gyazo.com/ffbabfe03426f526ede52af84f5861ea.png) + +The first trade I noticed that VWAP was acting as a strong resistance, so I sold below it. I wanted my first trade to be quick and profitable so when it was near VWAP I exited my position. This is one of my rules for the strategy. If I notice VWAP acting as a strong resistance, I will sell and look to re-enter. + +This week was really great. I was profitable on 100% of the trades I made using this strategy. I think this is due to luck and market conditions. Obviously, the market was up. The conditions were perfect because VWAP acted as a magnet. I noticed one day a few weeks ago where SPY never went back over VWAP. I didn't trade with this strategy that day. However, my risk level is quite high and this a downside to this strategy. On a bad day when SPY doesn't cross over VWAP, there can be big losses. Everyone should set their own risk levels. + +Edit: forgot to mention strike price/expiration. I use the closest to expiration options and nearest strike price. For example, if Friday the price was at $391.78 I would buy 3/12 $392 calls. I draw my own trend lines and use candle stick patterns for entry points. No other indicators, but I keep an eye on RSI and 9 SMA +https://www.cnbc.com/2021/03/16/alibabas-uc-browser-deleted-from-android-app-stores-in-china.html + +Alibaba's internet browser has been removed from several app stores in China, according to a report from The Financial Times on Tuesday. + +Android app stores including those operated by Huawei, Xiaomi and Tencent have reportedly blocked downloads or removed Alibaba's "UC Browser." CNBC was unable to immediately confirm the report. + +It comes after the UC Browser was criticized on a TV show about misleading online medical advertising that was broadcast by CCTV, a state-owned broadcaster. + +It comes as Chinese President Xi Jinping said on Monday that Beijing's crackdown on large technology firms was just beginning. "Some platform companies' development is not standard and risks exist," Xi said in an address to China's top economic committee, according to state broadcaster CCTV. + + +Is this typical overreaction again or will it cause some chaos and real damage this time? +[https://www.reuters.com/article/uk-apple-autos-exclusive/exclusive-apple-targets-car-production-by-2024-and-eyes-next-level-battery-technology-sources-idUKKBN28V2PU](https://www.reuters.com/article/uk-apple-autos-exclusive/exclusive-apple-targets-car-production-by-2024-and-eyes-next-level-battery-technology-sources-idUKKBN28V2PU) +Sup apes? + +Having a blast buying and holding? Great, me too. + +**TLDR:** + +**Kenny Boy is doing some weird shit with a company called StoneCo and increased it Holdings in StoneCo in Q1/2021 by 2281%.** + +**Other 3 main holders are Tiger Global, Warren Buffet and Cathie Wood.** + +**Please alert the Ape-Team to dig deeper into this since I am a smooth brain and just stumbled about this by accident.** + +*Sorry for all the typos and the unorganized structure. I am at work but wanted to get this out quickly.* + +I was just browsing r/superstonk and saw a heat map of the market. My smooth brain was like "lol, a lot of red", then I learned about some Spanish village that flags looks basically like the heat map today: + +&#x200B; + +[Market today](https://preview.redd.it/kkzb06ptdyh71.jpg?width=1792&format=pjpg&auto=webp&s=94a47689699d3ae0f88a4cb060dc02809db68445) + +&#x200B; + +[Flag of Zamora](https://preview.redd.it/aw23yryudyh71.jpg?width=800&format=pjpg&auto=webp&s=809f8d711316be062ae615ff0b425e37efe748a3) + +\*Please insert they are the same picture meme\* + +Shoutout to **u/**[**No\_Guava\_9842**](https://www.reddit.com/user/No_Guava_9842/) for improving my knowledge about spanish villages. This is not what I found but just an exhibit of how smooth I am - so you can better prepare for what you are dealing with. + +Then I looked at some more heat maps because I like to see a lot of red. Dont judge me. + +After watching the US market I browsed through several functions and found a thing called "World Heat Map". My brain was like "mhm lets try it".. + +&#x200B; + +[Did not know this function before today - nuf said](https://preview.redd.it/rlwz6c0geyh71.png?width=1419&format=png&auto=webp&s=910a7a69abbb857b05d351d68f5f5533f530f859) + +A lot of red huh? + +Well why are the little Caribbean Islands so hugely represented? Weird isn't it? Even taking tax fraud into account. + +So I clicked through names I have never heard and ended up with a company called StoneCo ($STNE). + +StoneCo has a market cap of 15,52 Billion USD - more than our beloved stock. + +Since I am very clumpsy (I am only allowed to drink out of plastic cups at my mother in laws house - no joke) I am really good at stumbling over weird shit and look what that made me do: + +I googled "Citadell StoneCo". + +Guess who showed up? You are right, Mayo Man. + +&#x200B; + +[Da fuq?](https://preview.redd.it/0z5245m1fyh71.png?width=979&format=png&auto=webp&s=e0539c3a90f996dadc5b59d18c973f7d2fff2c15) + +**Kenny Body increased his position by 22,8x times. Why?** + +After hitting my head against the keyboard a little bit more, I found a nice paragraph at some unserious finance blog (Yes, I am speaking to you Yahoo): + +[-32&#37; return and revenue up 35&#37; - lol](https://preview.redd.it/jjecxeohfyh71.png?width=694&format=png&auto=webp&s=170f77af5e28b9b333008c083a89b3e6ce083e3f) + +And guess for which country StoneCo is building payment services? They country where the puts are on vacation. + +&#x200B; + +https://preview.redd.it/osj4xchufyh71.png?width=620&format=png&auto=webp&s=61b7efbacd230a0d7bdaa4379b8554f00dcf29a1 + +&#x200B; + +And now look at the other names that are playing with StoneCo as toy: + +Warren BuffetCathie WoodKen GriffinTiger Global + +&#x200B; + +https://preview.redd.it/azbnudfjgyh71.png?width=1014&format=png&auto=webp&s=63883f390a537bbecea7d3dc0e8a48dc0b66d0e9 + +I honestly have now idea what all this means, but it seemed to me worth to share it with fellow apes.Maybe there are some bananas at the end of this or maybe I am just bananas - who knows. + +&#x200B; + +**Edit 1:** + + +**First of all**, I would like to thank all apes for the great feedback for this post. Please don't give me awards, you better put this money where it belongs. \*OoK OOOOk and throwing bananas\* + + +**Secondly**, I would like to point out that there are great angles that could be pursued on this topic in the comments. I will not put them here since they are all speculation until proven with data, but they are worth to be checked out. + + +**Thirdly**, I want to thank our fellow ape **u/**[**perfidiousfox**](https://www.reddit.com/user/perfidiousfox/) for his valuable comment. He gave me his approval and I will put the comment right here to give it more visibility, but please be so nice and give this ape the karma he deserves: + + +" I'm not sure what this means, but Melvin capital management LP recently invested heavily in Pago securo, a competing digital payment company...... + +[https://www.sec.gov/Archives/edgar/data/0001628110/000090571821000750/0000905718-21-000750-index.htm](https://www.sec.gov/Archives/edgar/data/0001628110/000090571821000750/0000905718-21-000750-index.htm) + +I didn't know what this meant at the time, but it seemed odd to me. Now seeing those guys going into competing companies seems at odds, but what if one of them is actually a short position marked as long? Or the MM side is registering a lot of shares so they can naked short without as much suspicion?" + +**Edit 2: Not financial advice.** +We’ve all seen it. + +**"10% tax on sells! Haha get FUCKED CUCKS. NEVER SELL, NEVER GET TAXED!"** + +ShitCoin5 promises to distribute a million tokens every sell, and punish sellers with a 15% tax where 1% goes to the community and the rest goes to the Dev's pocket for “Marketing!” + +**Tokenomics matter, Redditor.** + +They may sound good on the surface, but bad tokenomics severely damage the health of any coin. Because as much as the marketcap value is important, if everyone is swimming in a bajillion tokens... Selling becomes a god-forsaken nightmare, where everyone ends up poor. + +Dogira’s more conservative tokenomics balance the inherent value of the token with enough distribution to make holding for the long-haul worth it. + +100 Mil tokens makes keeping track of currency easier, with many wallets owning far more reasonable numbers of tokens. + +Plus, there’s only a 4% sell tax that’s distributed between all holding wallets, the Dogecity wallet, and the buy bonus. + +**Okay, so why is this better, exactly?** + +The tax is smaller which incentivizes more active trading of the coin. It rewards long-term holders by dropping a small number of tokens each day (a couple, tens, or hundreds depending on how large your bag is), while ensuring sellers don’t get totally gouged from their sell. + +Dogecity enables a function called Dogebreath where some of the tokens that aren’t distributed on the initial selloff are sent to all wallets, again scaling to the size of the wallet. The only cost of calling Dogebreath is ETH gas fees. + +Basically, you’re rewarded for holding, but not egregiously, you’re helping the community when you sell, and you can rest assured that none of it is going to an ambiguous wallet where “marketing” funds disappear. + +Invest in better tokenomics so you can enjoy the benefits of a long-hold and super comfy sell when you choose to take profits… **So you can give back to all your pals from the community**. + +Check out the new site and pick up a few bags! + +YouTube AMA! + +[https://youtu.be/XEE87BaTbDI](https://youtu.be/XEE87BaTbDI) + +Latest Update! + +[https://dogira-team.medium.com/](https://dogira-team.medium.com/) +You have to admire the incredible consistency of + +1) The DD Writers + +2) The TA analysts + +3) The Trust Me Bro Bros + +4) The Options Push Dudes + +Each and every date prediction has been consistently wrong + +There's a very simple reason for this + +They are considering every small piece of the puzzle by itself. They are not looking at THE ENTIRETY of what is going on + +************************************************************************* + +well, here to save the wrinkle brained, and perhaps the smooth brained too, I present to you + +The One Theory to Rule Them All -> The Price is 100% Fake Theory + +************************************************************************************** + +Let's start with Total Retail Swaps and Cycle Theory + +Cycle Theory is an approach that did pattern recognition and figured out that the stock price of GME and of all the Heavily Shorted Stocks moves in a 3 month cycle + +The fathers and mothers of this theory were + +PWNWTFBBQ - based on mathematical analysis + +Astro - based on Studying the Charts and Identifying Patterns + +Criand - based on Total Retail Swaps DD (the theory that all the heavily shorted swaps are all in a Total Retail Swap/Bundle and on the books with Banks) + +This theory is 100% accurate when looking back and 0% accurate when looking forward + +There is a simple reason for that -> 3 month cycles were a 'CONVENIENT' time. It was literally someone writing code and putting in 3 months loop because the wanker was too lazy to code another 3 weeks and add a 3 year loop (which would be almost impossible to catch) + +Once the cycle was found -> algorithm can get adjusted. it cannot ESCAPE its never ending loop that did not account for Buy, Hold, DRS. Yet, the cycle can be moved out + +It can change the times of the cycles and when stock has to 'adjust'/'jump' + +The reason for the 'jumps' was to make it seem REAL movement. It had NOTHING to do with all the prophesized 'reasons' for the 3 month cycle + +********************************************************* + +The one really important thing that these 3 theories/observations did do is + +Showed us the path i.e. everything is just an algorithm + +There is ZERO significance of Buying and Selling + +Our esteemed 'It's only been X weeks' dude, GG, also confirmed this by admitting that 90% to 95% of retail trades never hit lit market + +GG has admitted it + +Are we still going to believe that 5% to 10% of retail orders can affect the stock price in any meaningful way??? + +********************************************************************* + +CYCLES -> Their part is simply to show that + +IT IS ALL AN ALGORITHM + +And that whoever coded the algorithm to PRETEND there was natural stock price action made two mistakes + +A) Made the pattern repeating - every 3 months + +it also repeats between days and weeks and months sometimes. Where one day will look like 2 months ago, etc + +B) Made the algorithm unable to handle the possibility that retail goes Full Retard and doesn't sell whether stock spikes or falls + +****************************************************************** + +II. Technical Analysis + +Now we will talk about Technical Analysis + +TA is incredibly important BECAUSE + +A) A lot of people believe in TA + +B) A lot of people are sitting on the sidelines WAITING for the RIGHT TA SIGNAL + +Now, what happens when + +Stock Price is completely FAKE + +AND ALSO + +Lots of TA Analysts and TA believers are waiting for THE SIGN + +Unlike Ace of Base, they NEVER see The Sign + +Why? + +Because at every point of TA Break out + +-> Just manipulate the stock price down + +Every point of possible TA breakout - FAILS + +*********************************************************** + +Whether or not you believe in TA + +there is something that should strike you as AMAZINGLY CONSISTENT + +Every single TA breakout point - has had a drop + +So, either TA is PERFECTLY OPPOSITE of what is going to happen (and we know that whether TA is accurate or not, it can never be PERFECTLY 100% INACCURATE) + +or + +The stock price is COMPLETELY FAKE + +and every time there is about to be a TA breakout and people are excited and TA dudes are ready to jump in to GME + +There is a BREAK in the TA pattern and stock drops + +How can it be 100% + +TA dudes are not Cramer + +Heck, even Cramer is not 100% OPPOSITE of right all the time + +TA being 100% INACCURATE at predicting Break out Points is Mathematically IMPOSSIBLE + +If it were guesswork - it would be right half the time + +If it were valid (who knows) - it would be right 55% to 75% of the time + +For it to be 100% wrong + +For every TA break out to not happen + +What does that mean? + +That means SOMEONE is ENSURING the stock FALLS instead of rising Every Single Time there is a TA breakout incoming/about to happen + +They want to ensure an army of TA believers does not pile into GME and trigger GME MOASS + +*********************************************************************** + +The big takeaway we take from all TA is not whether TA works or not (who knows) + +It is that + +On GME, TA is wrong 100% of the time when a big breakout is predicted/ supposed to happen + +That is only possible if + +The price is COMPLETELY FAKE + +and SOMEONE can show whatever GME price they want + +And they are SPECIFICALLY TARGETING GME Price at every point where GME could technically break out + +******************************************************************************* + +I. Cycle Theory + Total Retail Swap Theory + +and + +II. TA + +both point to the EXACT SAME THING + +It is all an ALGORITHM + +The Price is 100% FAKE + +There is NO way to affect the price because People who control the price can put ANY price + +Due Diligence is useless because they can put price at anything they want + +TA is useless because it is 100% Inaccurate because stock drops every time there is supposed to be TA Breakout + +Stock is DROPPED at every point that there might be a breakout + +--> + +BOTH are telling us the EXACT SAME THING + +It is all an Algorithm + +The price is completely FAKE + +Due Diligence cannot work + +TA cannot work + +******************************************************************************* + +III. Options Pushes and the Belief that Options can 'put pressure' on Market Makers and SHFs + +For the last 12 months we have had these Options Pushes + +Earlier it was subtle (July 16th, 2021 + Sep 9th, 2021) + +Recently it is very In Your Face + +******************************************************** + +What is remarkable is that + +A) Option Pushes always seem to line up with the Cycle Theory + +B) Options Pushes line up with TA a lot of the time + +C) Options Pushes ALWAYS lead to rug pulls + +July 16th, 2021 + +Sep 15th, 2021 + +Nov 23rd, 2021 + +Jan 31st, 2022 + +Feb 18th, 2022 + +(for some reason an incredibly impatient new date) Feb 23rd, 2022 + +Options Push dudes are incredibly inaccurate. Somehow they get it 100% wrong + +They must be related to TA guys + +OR + +Perhaps + +The options push never works and predicted dates never work + +Because + +THE PRICE IS COMPLETELY FAKE + +**************************************************************** + +What do Options Pushes guys do? + +They find places and dates where there is a Gamma Ramp + +They find dates where SHF have liquidity issues and IN THEORY are weak + +They make a push to buy In the MOney Options and At The MOney Options + +hoping that - Market Makers will have to hedge + +Then the price will go up + +Then that will make more calls in the Money + +Then they will exercise their options + +Then Market Makers will have to hedge + +Then price will go up more + + +IN THEORY - this is very sound + +In practice - it doesn't work AT ALL + +Please look at dates like July 16th, 2021 and Sep 9th, 2021 and most of all Jan 21st, 2022 + +There is NO WAY IN HELL these dates could have gone by without GME MOASS + +until and unless + +Market Makers are NOT HEDGING + +AND ALSO + +Price is COMPLETELY FAKE and is brought down JUST ENOUGH to survive Gamma Ramps/avoid Gamma Ramps + +************************************************************************** + +Suddenly we come to a shocking conclusion + +The complete and utter failure of Options Dudes to trigger Gamma Ramps and MOASS + +is not because they are idiots (well, some of them give it a good shot) + +it is due to EXACT SAME REASON + +- all the DD writers fail in their predictions + +- all the TA guys fail in their predictions + + +THE PRICE IS 100% FAKE + +That's the theory + +The Price is 100% Fake + +*************************************************************************** + +People are giving various reasons for why dates are not working + +The actual reason is INCREDIBLY SIMPLE + +1) DD Dates are not working -> It assumes the system has some honesty in it. That SHFs are pushing some levers to adjust price. That Apes can push other levers to fight back + +In reality - The price is COMPLETELY FAKE + +So Apes don't have any levers to affect price + +Apes have other levers. However, NOTHING WHATSOEVER to show an honest price + +---> net conclusion: The Price is 100% Fake + +**************************************** + +2) TA Predicted Dates of Break out are not working + +Every single point of TA break out is failing. How is that even possible -> until and unless the price is COMPLETELY FAKE and SHFs are targeting EXACT points of TA breakout + +to avoid FOMO from TA Dudes + +to kill morale + +Again, net conclusion -> Price is 100% FAKE + +*************************************************************** + +3) All the options pushes are failing + +Gamma Ramps are being ignored COMPLETELY + +Price is always falling to a price where SHFs can escape every Options Apocalypse + +It is almost as if price is adjusted to ENCOURAGE spending on options and then DROPPED at the point where Options might blow up the system + +Again, no one can be 100% inaccurate all the time + +Options Dudes have been predicting dates for a year + +Gamma Ramps have been MASSIVE for a year + +For NOT A SINGLE DATE to work out + +net conclusion -> The Price is 100% Fake + +****************************************************************** + +What the sub really needs is UNITY + +Instead of all these theories that want AGENCY (a feeling that Apes can control the stock price and trigger MOASS) + +ACCEPT that Apes can control A LOT of things + +PRICE of the Stock is not one of them + +There is not a SINGLE date where Apes have had control of the stock price + +Not one day + +How can you win a game + +WHILE playing on a map controlled by SHFs + them adjusting it on the fly to keep benefiting themselves + +PERHAPS + +The path to unity is to understand + +THE PRICE IS 100% FAKE + +No Due Diligence is going to save anyone + +No TA is going to predict anything + +No Options Push is going to do anything + +The Price is 100% FAKE + +************************************************************** + +Price is 100% Fake Theory + +you might not like it. it might take you a lot of time to accept that 'not only is life not fair, it is completely rigged against you'. + +yet it is inevitable + +It fits PERFECTLY. not just the past. It fits perfectly THE FUTURE + +************************************************************* + +The thing that is going to UNITE the sub and also UNITE all of Retail + +Is the understanding that + +The Price is 100% Fake + +The Market is 100% Fake + +Market is designed to take money from honest people and shift it to dishonest people + +WHILE giving honest people a nice fake chart with ups and downs to make them feel their buying is actually doing something to the stock + +The Most Effective Stock Market to steal money is one where All the Prices are 100% Fake +The housing crisis is garbage. There is an influx of people moving south while “working” remotely for companies in their home states where cost of living is ridiculous so salaries are higher. These assholes are bringing their NY paychecks to fill Florida rentals and now costs are outrageous. I work for a great company that cannot pay me a livable salary because we’re local. + +At least it used to be great. Gave me a 25% boost in pay to come onboard 4 years ago, raises have been consistently at 2% annually since. Inflation has caught up and surpassed my salary. With my base I cannot afford more than $1100 a month but there is nothing available in the Tampa Bay region for that. Not unless I want to share a bedroom with both my kids. + +My lease is up at the end of the year, my complex is raising my rent from $1200 to $1500. I cannot pay that, they don’t care. I’ve been paying $1200 on time for two years but no place will approve me for $1200 because my base is too low, regardless of the 10 hours of OT I work a week. Not that it matters, any multi-bedroom home that’s under $1500 doesn’t last a day online. Every one shows PENDING after 12 hours. + +I’m over this race. + +EDIT: I’m reporting all you twats that can’t read the rules of the rant. +Which is the better investment, owning a home or owning stocks? If you ask most Americans, chances are they prefer the former. + +A new study from the Federal Reserve Bank of New York examined consumer preferences toward being a homeowner and how their attitudes have changed over the course of the COVID-19 pandemic. Survey participants were asked to rate which was the better investment — a home or financial assets such as a stocks — and what factors contributed to their choice. + +The study found that over 90% of respondents preferred owning their primary residence rather than investing in the stock market. A majority of survey-takers also favored the idea of being a landlord to purchasing stocks, with more than 50% of the participating households preferring to own a rental property. + +The most common reasons people cited in choosing housing over stocks seemed to be about comfort and stability, rather than seeking a better return. The most commonly-selected responses were that the home was their “desired living environment” and “provides stability” and that house prices were “less volatile.” + +Research has shown that residential real-estate has acted as a strong hedge in most bear markets, with the notable exception of the Great Recession. The early days of the pandemic is a prime example: The S&P 500 index SPX, +0.77% lost over 20% in the first quarter, while the Case-Shiller National Home Price Index increased 1.4%. That stock market has, of course, recovered since then. + +That said, Americans were more likely to cite higher housing returns in 2021 than in the year prior, likely a reflection of the incredibly fast pace of home price appreciation nationwide. + +But people’s attitudes toward the housing market have shifted over the course of the pandemic, the researchers found. “The preference for housing dipped in October 2020 and returned back to the pre-COVID level by February 2021,” the study’s authors noted. + +That shift in preferences away from housing wasn’t driven by concerns about home prices. Some Americans expressed more concern about the risk of vacant rental units, while concerns about being able to make mortgage payments may have had an effect on people’s predilection toward homeownership. + +People’s inclination toward owning a home may also be a reflection of their gender or education. Women were more likely to prefer housing than men, and non-college graduates opted for homeownership more often than those with college diplomas. + +https://www.marketwatch.com/story/americans-think-its-better-to-invest-in-housing-than-the-stock-market-heres-why-11617639806?link=sfmw_fb&fbclid=IwAR3kfXYOE_qgl83qHQYTwFU1nuoRerMJGNhSoKyBh96K7X7HA8Ai0T7cgqk_aem_AT0agxhgPsy4Ywv_8ryOTYkvjmGSazlAM4-LeDVbJG7HWF4bOSNx1F10ZNUIBt3OyUqcFGrAIjeYVniYs5Kx0yRIfsHr3onDVEK99eSx7Ra6gELN8_Mq1VQX9rg0PilnZbQ +Bristol Myers Squib just gave me a card that changed the cost of my prescription from $500 a month to $10 a month for 2 years... and they will renew it after that! Sorry if this is a repost but this was a literal life saver for me. +Any words of experience from those that had a large NW loss over the course of their financial journey? + +Started a brick and mortar business with some partners on the side a year ago - business is doing poorly (not profitable). We have $2mm of SBA loans that are PG’d. + +At this point I’m trying to convince my partners to just shut it down. All in between the parties, we’d each lose $1mm more or less when all is said and done. + +I am early going towards mid-30s married. $1mm loss will effectively wipe out all my liquid NW (there’s about $1mm more on home equity, retirement accounts, and private equity investments). My wife and I both work full time in highly compensated finance / consulting roles (W2 > $1mm a year and will increase as we are relatively early in our careers). + +The biggest toll this has taken is the mental anguish. I’m now on antidepressants and struggle to get out of bed. Feels like I screwed the pooch here. Hard to get over this mentally though I know financially we will ultimately be okay. Been relying on stoicism, medication, meditation and a lot of philosophy videos to get through it. + +Anyone have any advice on dealing with the emotional aspect of taking a large L? Greatly appreciated. +My wife is tired of hearing me talk about stocks, and I wanted to share my first week's success in selling CCs on INTC and SNDL! Looking forward to seeing how Week #2 goes. + +Also, I'm geeking out about how you can use the =GOOGLEFINANCE function to update stock prices in Googlesheets. +All the major investment houses are predicting 4% - 6% rates of return in equities over the next 10 years. + +With a solid dividend strategy, you should be able to do much better. +The Binance Smart Chain is, in melodramatic terms, a battle of good and evil, a state of existence in which the forces of transparency, safety, and security are locked in a righteous conflict with the discordant and often fraudulent conditions that thrive on the chain. How many BSC rugpulls have you heard of? How many times have you been rugged yourself? + +&#x200B; + +Everyone loves IDOs. It's human nature. To get in as early as possible to a promising coin is an exciting venture, a blood-pumping, heart-throbbing rollercoaster ride of perpetual green-candling as the token explodes from its launch price. You sit at your screen, eyes glazed over with hysterical elation, unblinking as you stare at the chart, your mind spinning a thousand miles a minute wondering which color paint job to get on your new Aston Martin. + +&#x200B; + +To reiterate, everyone loves IDOs…..including scammers. IDOs are ripe with fraud, as the absence of any token performance and (often) the lack of team history results in investors essentially throwing their money at a relatively unknown entity that may simply take it from them and disappear, regardless of the buy-side research implemented to prevent such a thing. + +&#x200B; + +A natural problem presents itself, the aforementioned fraudulent forces who seek to profit from the suffering of others in a righteous clash with the otherwise lucrative and thrilling IDO environment. Right now, the latter is winning. + +&#x200B; + +HARK! There comes a rider in the distance, a harbinger of justice with the sun at his back, cresting the distant hill, thundering towards the BSC battlefield to bolster the ranks of good safety…. + +&#x200B; + +VEST explodes into battle, it's broadsword of rugpull justice crashing down over the helms of its enemies. The IDO army rejoices. They ask, “WHO IS THIS BRAVE WARRIOR, THIS GALLANT HERALD OF INTEGRITY?” + +&#x200B; + +He is VEST token, an in-house utility integration from the renowned BSCstarter launchpad. + +&#x200B; + +VEST is the first unlimited use token and liquidity locking service on the BSC. It will automatically be used for all BSCstarter IDOs. VEST does not have to find clients--it already has a whole suite of them, an essentially endless supply of coins, ready to use its liquidity locking and vesting services. In fact, there is already $2M TVL, and it is in use by Starter, Verum Protocol, Jumble Cash, Mercor and BSCCROP. + +&#x200B; + +VEST isn't another meme fork. It fills a gaping whole in the current BSC environment. All liquidity locking and vesting information is publicly displayed--when investors do research on a coin, they will herd around the VEST interface, a one-stop shop to ensure that their potential investment is safe. + +&#x200B; + +Again, think of how many times you have seen or been involved in a rugpull. Remember the feeling, the pit in your stomach. Now think about a user friendly, public interface that will let you see if a project has an appropriate liquidity locking and vesting schedule. Think about the token that makes this possible, VEST, and how it will not be used just on BSC, but on multiple chains. + +&#x200B; + +Think about getting into the presale for this token. + +&#x200B; + +Support the good. Fight the fraudulent evil. Get VESTED. + +&#x200B; + +Links: + +&#x200B; + +Medium Article: [https://medium.com/bscstarter/start-vesting-the-new-way-to-lock-tokens-liquidity-on-bsc-a2cbcec140fe](https://medium.com/bscstarter/start-vesting-the-new-way-to-lock-tokens-liquidity-on-bsc-a2cbcec140fe) + +Telegram: [https://medium.com/bscstarter/start-vesting-the-new-way-to-lock-tokens-liquidity-on-bsc-a2cbcec140fe](https://medium.com/bscstarter/start-vesting-the-new-way-to-lock-tokens-liquidity-on-bsc-a2cbcec140fe) + +Website: [https://bscstarter.finance/#/home](https://bscstarter.finance/#/home) + +Twitter: [https://twitter.com/BSCstarter](https://twitter.com/BSCstarter) +Hi! I'am currently 14 years old and wondering if it is worth planning different acconts over my lifetime to take the biggest advantage of interest and shares. I would also appreciate advice on saving for University and a house. 🤠 +I got a letter from Wells Fargo last week saying that they've denied my fraud claim and I don't know what to do. + +Right before New Years, someone got access to my Wells Fargo account online. They added themselves to my Zelle recipient list and made three transfers of $999.99. They also made one ACH transfer for about $500. + +I made a separate claim for the ACH transfer and that was approved. So I got that $500 back. But the three Zelle/Bank transfers were upheld. + +I called Wells Fargo support and they said there's nothing they can do, no appeals process or anything. + +I'm devastated, I was saving up to pay for a couple months of mental health therapy and now everything is gone. Is there really no appeals process? I've contacted them on twitter as a last ditch effort and they just said they "share my concern," which seems like a brush off. + +I don't understand how the ACH claim was approved but this wasn't. I'm located in California if that matters. + +Any help would be greatly appreciated +I'm 54 and a public company exec. I've been with Fidelity for 15 years and have over 11 accounts there. Their work in the past 24 hours, especially the absolute failure to engage with transparency in their own subreddit and through their CS accounts like /u/fidelityinvestments as they are deleting any posts that aren't positive or asks questions about transparency. They are also removing opinion posts they disagree with under their vague Rule #8 - I posted a note pointing out that they weren't using single user for all replies, but had individual customer support agent accounts with identifiable names and wondered if this direct account model would expose the reps to SEC action if it's found that their actions in the subreddit rise to manipulation. + +So, do like me and move everything away and DRS everything you can. It's clear that they are willing to trash their brand to prevent any real exposure to their practices. +Price behaviour is totally random and noisy in the timeframes used in daytrading. On top of that, it has been confirmed that 90% or more daytraders lose money, which confirms my theory, but I am open to change my view about daytrading if any of you can give me good arguments against my current point of view. +Recently, I asked in a couple of "FIRE" (Financial Independence Retire Early) subreddits if they think that trading is a good "side business" to accelerate the process to achieve FIRE, and people replied to me saying things like "trading is not a business, you do not offer any service or product to anybody", "Trading is too risky to achieve FIRE, most people that trade they only brag about their winning trades and they never tell you the times they lose money", "Investing in indices is better, at the end of the day you waste a lot of time studying trading stuff to achieve what you can achieve putting your money on a Vanguard index fund". + +Can you give me your opinion on this? +Say I have 1,500 shares of stock xyz that is going for $10/share. I’m bullish on it but there are possibilities that because of certain news the stocks goes down to $5 or lower and it can stay there for months even a year. What strategies that I can use where if it goes down a little bit I can sell all my shares for either break even or minimal loss so that I can buy other stocks instead of waiting for however long for it to come back. I want to have a constant cash to invest in stocks. I read that certain options can help such as protective puts, sell calls and collars. Which would be best for what I want? Thanks +My husband and I have struggled for quite awhile. We both have been in school and he worked a crappy factory job to cover bills and such. Somehow, we made it several years like that. + +He has graduated and is starting a job in 2 weeks with a $60k salary. I graduated in a few weeks and have accepted a position paying $52k. We do excited to have a different type of life. I'm 26F and he is 32M. We have two kids, ages 6 and 3. + +Ourselves, and no one in our family or friends makes this kind of money, so we have no one to give us advice. + +We already save as much as we can, including our tax checks, so we do have money in the bank, about $7k. We are planning to stay in our apartment which is $550. Per month. We currently have no car payments as our cars are paid off, but we would like to get a newer car in a few months because my husband's car is always breaking down, but would keep the payment at $200 or less. Other than that we just have regular bills (electric, warer, etc.), daycare, and my husband has student loans. + +My husband's job is relocating us at the end of the year, and mine is 100% ok with transferring. At the point, our rent will go up to about $850-$900. + +Any tips for us? +Thanks!!!! +# · INTRODUCTION: This community has uncovered a lot over the past year, and I believe the most important thing to understand is the gamification of the stock market through the abuse of derivatives. Derivatives originated for risk-taking degenerates to bet on the movement of the underlying, but it has spiraled into an algorithmic disaster that has become the primary mover of the underlying price. + +\----------------------------------------------------------------------- + +***·*** [***How big is the derivatives market?***](https://www.bis.org/statistics/about_derivatives_stats.htm) + +>***·*** According to the most recent data from the Bank for International Settlements (BIS), for the first half of 2021, **the total notional amounts outstanding for contracts in the derivatives market was an estimated $610 trillion**, but the gross market value of all contracts is said to be significantly less: approximately $15.5 trillion in 2020. + +***·*** [**Pretty fucking big.**](https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/) **The cart is driving the horse.** + +***·*** **PART I. – Juggling Daggers: Hiding Naked Shorts through Options** + +***·*** **PART II. – Dynamic Hedging with Futures** + +***·*** **PART III. – Filling in the Pieces of the Puzzle & Seeing the Picture** + +\----------------------------------------------------------------------- + +***·*** **PART I. Juggling Daggers- Hiding Naked Shorts through Options** + +***·*** In ["The Uno Reverse Card"](https://www.reddit.com/r/Superstonk/comments/t0kere/choompop_moonwalk_the_uno_reverse_card_how/?utm_source=share&utm_medium=web2x&context=3), I highlighted options strategies that are used to hide naked short positions and reset the FTD timer. Reading that is prerequisite knowledge. They use FLEX options, reverse conversions, and married puts in order to manipulate the CNS system to avoid locating and settling their naked short position. + +[Chart by U\/BROCCAAA](https://preview.redd.it/7ksjth14lik81.png?width=936&format=png&auto=webp&s=cd684fb62e5d66732af61ec7e9486c437f2054ed) + +***·*** Look at last January. **The open interest on puts skyrocketed at the same exact time that reported short interest tanked. They almost completely converted short interest into derivatives.** *(Why do you think Citadel gave Melvin a loan?)* + +***·*** If you recall the reverse conversion strategy, you’ll remember that they can naked short sell 10,000 shares and then buy 100 calls and sell 100 puts at the same strike price in order to be completely neutral. + +>If the calls are ITM then they are exercised, and they buy 10,000 shares to balance the books. +> +>If the puts are ITM then they are assigned, and someone sells them 10,000 shares to balance the books. +> +>It’s a way to profit from arbitrage from Put/Call parity equation imbalance. + +***·*** What would happen if **they simply didn’t buy calls at the same strike price, meaning that the only hope of balancing their books would be if their puts went ITM?** It would be a hedging disaster. Now they are sitting on tens of millions of naked shorts, and they have no way to exercise the shares and balance the books. However, they still use their divorced puts to file for exemptions and manipulate the CNS System into not settling their short positions. + +***·*** The problem is that every time these puts expire worthless, they need to pay premiums to roll them forward and settle the lopsided options chain t + 2 + 35 days later *(t + 6 + 35 days for ETFs)*. + +***·*** **They sham-close their position each period and continue the endless cycle of juggling daggers.** + +[Chart by U\/jamesroland17](https://preview.redd.it/rf57sw7nlik81.png?width=936&format=png&auto=webp&s=557eee5b802ab25abd0e00741389d4862ba2b33e) + +***·*** January 21nd, 2022 LEAPs expiration had 284,728 Deep OTM Puts. **That means that there were 28,472,800 phantom shares accounted for that will need to be reset.** + +***·*** They will locate these 28 million shares and then immediately sell FLEX options to each other to reset their FTD clock. **The contracts will never settle, then they’ll use market maker exemption to kick the can 35 days.** + +***· Let’s try to visualize this:*** + +* ***·*** If Team Shit Face sells a call, then they are short on the stock. +* ***·*** If Team Shit Face buys a call, then they are long on the stock. +* ***·*** If Team Shit Face sells a put, then they are long on the stock. +* ***·*** If Team Shit Face buys a put, then they are short on the stock. + +1. ***·*** Shit Face A are short 100,000,000 shares. They are at risk of being margin called and liquidated, so they need to convert their position. +2. ***·*** Shit Face A sells 1,000,000 puts to Shit Face B at the lowest strikes possible in order to keep premiums as low as possible. +3. ***·*** Shit Face A is now long on their puts, so they have officially canceled out their public short position which is indicated in short interest. +4. ***·*** Shit Face B purchased these puts in order to make the market, which means that they are now short. + +***·*** In general, investors typically take long positions rather than short positions because stonks only go up. This means that MM’s books are usually mostly short. That means they are usually exposed to negative gamma, which they make up for with pricing in options and positive theta. + +***·*** If Shit Face B wanted to be gamma neutral on this massive short position, they would need to buy a ridiculous amount of calls. **They literally cannot do this because no one would sell all those deep ITM calls and they cannot buy all the shares to hedge the contracts.** + +***·*** **If they didn’t hedge their delta and gamma exposure, the system would turn into swiss cheese.** They cannot hedge this rolling position on the open market, so they turn to other avenues in order to avoid forced settlement through CNS system. + +\----------------------------------------------------------------------- + +***·*** **PART II. Dynamic Hedging with Futures** + +***·*** Options are the main piece to this puzzle. **The second biggest piece to this puzzle** ***lies*** **in the futures market.** I would like to commend u/zinko83, u/criand, u/gherkinit, u/yelyah, u/leenixus, u/bobsmith808, u/turdfurg23, and others for their tremendous work in this scope. + +***·*** Many people have read about DOOMPs and associate them with a replicating portfolio in order to hedge variance swaps. Variance plays a key role in this position, and some variance swaps are likely in play. However, I believe that **DOOMPs are not being used to hedge futures contracts, but rather futures contracts are being used to hedge DOOMPs.** + +***·*** **The first thing I’d like to highlight is that majority of these DOOMPs were added when the buy button was turned off.** As highlighted previously, I believe this was a nefarious strategy to create a synthetic long position to avoid forced settlement. + +***·*** This new position left them with some very concerning and risky pain points. One of them is time, but the important one is the fact that the stock will never reach low enough to convert their synthetic to authentic. ***The Netting system relies on even settlement, so heavily skewing it creates an idiosyncratic risk***. + +***·*** Read “[Dynamic Hedging: Managing Synthetic and Exotic Options](http://docs.finance.free.fr/Options/Dynamic_Hedging-Taleb.pdf)” by Nassim Taleb. This is an incredibly easy read that can help you build your knowledge of options and futures. + +***·*** If you are familiar with the flash crash in 1987, then you know all about portfolio insurance and the process of dynamic hedging with futures. Here is a flashback to u/atobitt’s DD: House of Cards - Part I. + +&#x200B; + +https://preview.redd.it/dqlspzpxmik81.png?width=936&format=png&auto=webp&s=ad736eee5c696cca04860082b8f992b1ae23f2a1 + +[House of Cards Part 1 by U\/atobitt](https://preview.redd.it/m01psyv0nik81.png?width=936&format=png&auto=webp&s=4baa5667ddca40e51d455f65ff24b1b85fad524c) + +***·*** Dynamic hedging can be used to sell futures on stocks they own in order to limit downside risk (AKA Portfolio Insurance). This means there is someone else on the other end of the trade who will buy at a certain price. + +· Team Shit Face used a nefarious strategy to manipulate the market and hide their naked short position. The sell-pressure was exerted on the stock long ago, but the stock price will not be corrected until the inverse buy-pressure is reapplied. **My theory is that the Market Makers on Team Shit Face go long on futures in order to trick the CNS system and get special exemption from settlement of their short position.** When expiration approaches, they can roll their futures contract out to maintain their hedge. + +[Definition of the Greeks](https://preview.redd.it/4594kkzqpik81.png?width=936&format=png&auto=webp&s=65b7f8597b67c3bf4f889aaf5bd8aa238c76baab) + +[Page 10 \\"Dynamic Hedging: Managing Synthetic and Exotic Options\\"](https://preview.redd.it/iw8xchispik81.png?width=936&format=png&auto=webp&s=62f797c22aa06269d53d1cc15af7fdf440c0ddb1) + +***·*** There are many different types of swaps that could fill the needs of Team Shit Face. It could be basket options or a combination of a few different types of dynamic hedging. I would love to dive deep and educate all of you about their specific contracts, ***but*** [***the CFTC is not publishing any swaps reports***](https://www.sullcrom.com/files/upload/sc-publication-cftc-issues-no-action-relief-swap-data-reporting-compliance-deadlines.pdf) ***for 2021 and even FOIA attempts have failed.*** + +>***·*** In November 2020, the Commodity Futures Trading Commission (“CFTC”) amended parts 43, 45, 46 and 49 of its rules, which establish the recordkeeping and swap data reporting requirements applicable to swap dealers and swap data repositories (“SDRs”). Among other things, the amendments: (i) defined swap data elements required to be reported to SDRs; (ii) added new swap data elements and revised existing swap data elements; and (iii) required that the swap data elements be reported to SDRs in a form and manner compliant with the CFTC’s technical specifications. **The amendments were effective on January 25, 2021** + +***·*** **Warning: I will be engaging in educated reasoning for the selection of this derivative that could be used to hedge their position. I do not have access to Team Shit Face's data.** + +[Basket Options](https://preview.redd.it/py73s0zioik81.png?width=936&format=png&auto=webp&s=2e1a5729715b061b680cc20e0edc537c2656e71b) + +***·*** **Exotic options differ from a call because they do not have to pay for the intrinsic value of the contract; Their negotiated terms would state that they would pay for the underlying when it is settled.** + +***·*** They need to readjust their contracts every few months in order to account for DOOMPs expiration. **The more important pain point is that this rollover window brings an insane amount of exposure. Every time they start a new contract, they are very far away from expiration and exposed to gamma radiation.** + +[Chart by U\/yelyah](https://preview.redd.it/52y03yfeqik81.png?width=936&format=png&auto=webp&s=6acdb6f2a0e57ba6f0a510db7a480d8ac04982dc) + +***·*** For brief periods over the past year, the GameStop Gamma breaches $10,000. **When they are in the process of rolling their sea of FTDs and acquiring new futures contracts to hedge, they are exposed to massive risk.** One can ideate what will happen as GameStop’s value increases organically. + +***·*** They need to unwind their position overtime and increase the price or else a breach of max gamma could end in disaster for Team Shit Face. Every single time their DOOMPs expire, they need to relocate and create a new contract. The short position falls onto the Market Maker, who has no ability to hedge the contract on the stock exchange. Rolling the position every futures rollover period will get increasingly expensive as price goes up. + +***·*** **Each time they use FLEX options to sham-close their position, they must locate the shares then fail again a few days later. When they roll forward their basket option, they are exposed to exorbitant amounts of risk as they are unhedged.** + +\----------------------------------------------------------------------- + +***·*** **PART III. Filling in the Pieces of the Puzzle & Seeing the Picture** + +***·*** **Team Shit Face got caught with their dick in the cookie jar and needed to use complex derivative instruments in order to hide, then hedge their position. As GameStop’s valuation increases overtime, this position will unravel and become too expensive to roll forward.** + +***· Let’s visualize the cycle of February 2021.*** + +>***·*** January 15st, 2021 – LEAPS expire on stonk & ETF +> +>***·*** January 20rd, 2021 – Options fail to deliver on t + 2 +> +>***·*** January 26nd, 2021 – ETF LEAPs fail to deliver on t + 6 and APs submit creation order +> +>***·*** February 24st, 2021 – C + 35 from Options FTD are due +> +>***·*** March 2rd, 2021 – C + 35 from ETF FTD are due +> +>***·*** March 11st, 2021 – Futures roll date is opened up +> +>***·*** March 19rd, 2021 – Futures expiration + +[$GME Chart for 2\/12\/21 - 3\/23\/21](https://preview.redd.it/33nyasktqik81.png?width=936&format=png&auto=webp&s=8e424afe48cb45f379aa0b1f8403035637c4c345) + +***· Let’s visualize the current cycle because you sick mother fuckers love dates.*** + +>***·*** January 21nd, 2022 – LEAPS expire on stonk & ETF +> +>***·*** January 25st, 2022 – Options fail to deliver on t + 2 +> +>***·*** January 31nd, 2022 – ETF LEAPs fail to deliver on t + 6 and APs submit creation order +> +>***·*** March 1rd, 2022 – C + 35 from Options FTD are due +> +>***·*** March 7nd, 2022 – C + 35 from ETF FTD are due +> +>***·*** March 10st, 2022 – Futures roll date is opened up +> +>***·*** March 18rd, 2022 – Futures expiration + +**· The Battle Between Team Shit Face and Team GameStop:** + + · “The casino always wins.” We’ve heard it before. Well, I heard my uncle made 7 figures in Vegas while blacked out. He’s a retard. + +***·*** **Team Shit Face has some unique advantages that allows them to win** ***almost*** **every time.** + +>· **Payment for order flow** allows them to see trades and orders from retail. +> +>· **Dark Pools** prevents transactions from impacting the share price on public exchanges, allowing them to buy in dark pools and sell on open exchanges. +> +>· They **own the media** who feed us horse shit and expect us to be too stupid to critically think. +> +>· **High frequency trading** allows firms to profit from nanoseconds in bid/ask discrepancies. +> +>· **Failing to deliver** kicks the can down the road and gives TSF more time to locate shares. +> +>· Market Makers can **naked short sell** in order to “provide liquidity to the market”. +> +>· **ETF basket creation** lets them disassemble exchange traded funds in order to manipulate the price of portions of selected stocks. +> +>· **Derivative manipulation** allows them to cook their books and create synthetic positions. +> +>· They use **married puts** to create phantom shares which can cover old positions or sell to tank price. +> +>· **Buy-writes allow** them to recycle positions to reset the short-sale timer. + +It seems *almost* unbeatable. + +***·*** **Team GameStop has an** ***unbeatable*** **advantage.** + +>· Apes **buy** vastly undervalued shares in a growing tech giant with every penny found in the couch and every weekly paycheck. +> +>· Apes **hold** their shares because they know anything under a phone number is horse shit. +> +>· They **Direct Register** their **Shares** to claim ownership over their investment and not an IOU from Cede & Co. +> +>· Most importantly, they can **go outside** because the game is over; it’s already won. Drink water. + +***·*** **The Game Stopped when Ryan Cohen bought 9,000,000 shares in 2020.** Team Shit Face was greedy and were 100% certain they would bankrupt GameStop. The purchases from millions of apes from Columbus to Cambodia was the nail on the coffin (and then 69,000,000 pounds of rubble putting diamond pressure on the grave). + +https://preview.redd.it/gg9t78a5sik81.png?width=640&format=png&auto=webp&s=c2c3f48a5b84f781ddb5ae5926af7413a3945a55 + +***·*** **Will they ever be margin called & when will this end?** + +***·*** Due to the way the CNS system is designed, it is not likely that they will have to unravel their position at once and give us a 100000% daily increase. **Their new positions are not tied to margin. Rather than borrow the stock and hold margin against it, they hold synthetic positions that expire in timely increments. Each increment requires more capital to roll and hedge, so it is feasible that they will eventually be unable to roll and Team Shit Face will be cut into pieces for the rest of the Authorized Participants to feast on.** + +***·*** As highlighted previously, I believe the tactics and position used to naked short tesla was very similar to GameStop’s. I could see GameStop authentically increasing its value and stair-climbing up with each cycle, but GameStop and Tesla are different. + +* ***·*** GameStop has more naked shorts rolling around than actual shares available. +* ***·*** GameStop is in the middle of a transformation that can violently increase valuation. +* ***·*** The buy-button was turned off because it posed an idiosyncratic risk to the entire market. +* ***·*** We know that their position is still open. + +***·*** **They are running on a treadmill that is getting faster and faster, and eventually it’ll get too fast. They’ll fly off the back over a cliff into a deep pit of despair filled with dog shit. If they want to slow the treadmill down, they must pay ever increasing amounts money.** + +***·*** So, with all of that being said, ***prepare for a dip on March 1nd.*** + +\----------------------------------------------------------------------- + +***·*** *End Note:* + +***·*** DD on this sub is no longer for confirmation bias. Our sell buttons were removed January 28th, 2021, and no one here needs convincing. We should continue to learn and ideate as a community because we should expose their crime. [Please use this link to file complaints with the SEC and mention the tactics that we have uncovered](https://www.sec.gov/complaint/info). + +***·*** The question is: Will their position implode causing GameStop to shoot to the moon? Or will GameStop slowly climb its way into incredible valuation with a spring pad of naked shorts pushing it increasingly higher? + +***·*** **“March 1rd: The Final Date as Foretold in the Prophecy” was named as such because it is the last date you will ever need.** The GameStop marketing team isn’t giving you clues as to when the financial system will collapse. The release of new GameStop merch on July 355rd isn’t hinting at some new rule. This next roll could collapse Citadel and send our rockets into the sun. Or it could increase the speed of their treadmill above the pit of daggers. If Ken Griffin isn't in jail next week, we can forget about dates. Embrace the zen. + +***·*** I’m not on Citadel’s risk management team and I’m not a cat. Here’s what I know: **I’m going to keep buying these shares at a massive discount because it’s the most asymmetric investment in human history. Other than that, I’m going outside to enjoy life.** I wrote this write-up not to give you hopium or crucify myself with the next date, but rather to highlight the ways they manipulate the stock market in broad daylight. Here is [the link](https://www.sec.gov/complaint/info) to file a complaint with the SEC. + +***·*** See you in Valhalla. + +***·*** *-Choompop* + +\----------------------------------------------------------------------- + +***·*** [THE FINAL DATE: Tuesday Morning, March 1rd - Launch Day According to the Prophecy](https://www.reddit.com/r/Superstonk/comments/szo47s/the_final_date_tuesday_morning_march_1rd_is/) + +***·*** [CHOOMPOP MOONWALK: The Uno Reverse Card – How Reverse Conversion & Married Puts Roll a Naked Short Position + How TSF Schemes the CNS System](https://www.reddit.com/r/Superstonk/comments/t0kere/choompop_moonwalk_the_uno_reverse_card_how/) +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. +Went to bid at an Auction today and was the only person there….. Nice place needs a little work. They are insisting on top end of range. Told them where to go.. Weird experience… +[**DRS/Computershare Megathread**](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +**As of April 30, 2022, 12.7 million shares DRS'd** + +* As of January 29, 2022, 8.9 million +* As of October 30, 2021, 5.2 million + +# Access begins @ 9:30am CDT / 10:30am EDT + +# Meeting will start @ 10:00am CDT / 11:00am EDT + +# [https://www.cesonlineservices.com/cgi-bin/OLSL00.spx?slID=gme\_vm&slCD=r3z](https://www.cesonlineservices.com/cgi-bin/OLSL00.spx?slID=gme_vm&slCD=r3z) + +Don't trust my link? Want to see the Q1 Earnings Report? Check out [https://news.gamestop.com/](https://news.gamestop.com/) + +I made this post an Event so **you should be able to see the start time at the top of the post** on mobile and new reddit. + +For my old reddit friends - What time is it in CDT now? [Let's ask DuckDuckGo](https://duckduckgo.com/?q=what+time+is+it+in+dallas+texas&va=b&t=hc&ia=time). Can't do math? [Here's a countdown 🚀](https://www.timeanddate.com/countdown/launch?iso=20220602T10&p0=70&msg=2022+GME+Shareholder%27s+Meeting&font=hand#) + +# You must have registered by May 27th to attend the meeting + +If you have not yet voted, you probably still can! Attendees are allowed to vote during the meeting, so might as well try and cast your vote too. Check with your broker or Computershare. + +For help with voting see the [old voting/meeting megathread](https://www.reddit.com/r/Superstonk/comments/uddedr/voting2022_annual_gme_shareholder_meeting/) which has a few helpful resources + +[Q1 overview](https://preview.redd.it/hwseqchzl5391.png?width=1428&format=png&auto=webp&s=5f2426a775ca6c2fa1bd7de25c38a02ba84af366) + +[**GameStop Wallet support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +**​**[**What's GME & should I consider investing?**](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +**Library of Due Diligence** [**GME.fyi**](https://fliphtml5.com/bookcase/kosyg) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag [u/Superstonk-Flairy](https://www.reddit.com/u/Superstonk-Flairy/) for help with user flairs +I bought my wife and I business-class tickets to Switzerland for our honeymoon. Alas, the trip was canceled because of the coronavirus. My travel agent got me a refund, but I made the purchase on my credit card. So the money "went back" to my credit card. + + +The credit card now has a -$6500 balance. I guess I should have thought about this when making the purchase, but I really wanted those points. + + +Is there any way I can turn this negative balance into cash so I can throw it back into savings? What is the best course of action here? + + +**EDIT:** I called the bank and got a refund check sent to my home address. It took less than two minutes. Thanks everyone! +(ApeSwap's native token). Redistribution of $BANANA goes directly into your wallet like most RFI contracts. With a long roadmap featuring a gaming portal, NFT's and large marketing campaigns, + +&#x200B; + +BIGFOOT will grow into a leading community. Join the cave (Telegram) for the latest news and updates as well as being part of our amazing vision. + +&#x200B; + +3% Auto Liquidity Pool + +3% of every transaction contributed towards our Apeswap LP’s helping to create both stability and a price floor. + +&#x200B; + +5% $BANANA Redistribution + +5% of every transaction made with BIGFOOT token is redistributed to all holders. You just have to hold $FOOT token and you earn $BANANA (minimum 500,000 $FOOT tokens). + +&#x200B; + +Reduce whale control and bots + +An extra 1% fee is applied to all sell transactions. This helps reduce bot swing trades and controls whale activity from fast profits. + +&#x200B; + +Footonomics + +&#x200B; + +Total Supply + +10,000,000,000 + +&#x200B; + +Presale + +8,000,000,000 + +&#x200B; + +Ecosystem + +1,500,000,000 + +&#x200B; + +Team Tokens + +500,000,000 + +&#x200B; + +Twitter - [Twitter.com/bigfoottoken](https://Twitter.com/bigfoottoken) + +&#x200B; + +Telegram - [https://t.me/bigfoottoken](https://t.me/bigfoottoken) + +&#x200B; + +Website - [Bigfoottoken.finance](https://Bigfoottoken.finance) +There is a post about C L N E on WSB that got linked here and this is the pinned mod comment from zjz: + +"People are piling in here from a link on another sub. They're leaving shitty comments and being nuisances. This is called brigading. Brigading is considered a dick move on Reddit and is something wallstreetbets does not do because it's against site-wide rules. + +9/10 of the angry comments in this thread are from another community that thinks a stock is going to 10,000,000 a share. Brigading can get your sub in trouble. Don't do it. I'm going to report all of the users involved to reddit admins even though I usually just ignore it because this is egregious. + +Maybe this is a pump and dump, maybe it's not. Maybe Citadel owns some of it because they like money, maybe they don't. It doesn't matter what your reasoning for following a link here to be a jerk is. Don't brigade us." + +I hate WSB and Citadel and Pump n Dumps but I also want us to be smart and protect our sub. Apes, please think before you comment. + + +This is not financial advice. And any use of "we", "us", or "our" is in the sense of the Royal "We" and the fact that this sub is indeed an open community. + +Gme to the moon. + +Edit: Because this post gained more traction than I expected, I just want to make it clear that I never intended for this post to be FUD, although it may be construed that way. Also, I personally believe most apes know better, but whether it be apes or shills or just the WSB narrative, I want everyone to just be aware of zjz comment and be careful when crost posting from other subs, and be mindful when commenting in other subs. + +This is an amazing community and I would hate for them to have ANY excuse to try to shut it down. + +With all that being said, fuck the drama, fuck the noise, just Buy, Hodl, and Buckle Up. I'll see you all on the moon. + +/Edit. +Title says it all really. I've just started looking into investing now, and I'm gutted that I didn't start 5 years ago, because looking at virtually every stock it's seemingly gone up about 10 fold in the last 5 years. And what's really strange about it is, after everything initially went down after the pandemic hit, it's now gone up to even double what it was before the pandemic. But mostly there just seems to have been a huge jump in everything about 5 years ago. But perhaps more alarming, a lot of things were even significantly higher in 1999 and then there was a big crash in around 2000. So what's the situation, is everything just going to keep going up massively like it has been for the past few years, or are we going to see a reset to 2014 levels next year and then have to wait another 20 years for the next massive hike? +I want to buy SCHD after learning about it through your posts here but I see it’s at all time high (or hovering near there) based on the charts. What price would you buy SCHD in? Is waiting for a dip unlikely to happen? +https://www.cnbc.com/2019/03/15/active-fund-managers-trail-the-sp-500-for-the-ninth-year-in-a-row-in-triumph-for-indexing.html + +Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. + +For the ninth consecutive year, the majority (64.49 percent) of large-cap funds lagged the S&P 500 last year. + +After 10 years, 85 percent of large cap funds underperformed the S&P 500, and after 15 years, nearly 92 percent are trailing the index. +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 +I might be a year away from my goal of completely replacing my income with trading income but I am more of a planner. What are some important money moves to help reduce tax liability and what is the best business structure to use when mapping out the future? +Let’s have some fun, what do you waste money on? +We all hear about the lattes, eating out, cats/dogs, cars and the avo toast specifically being the downfall of the kids these. +Real talk however for me it’s buying watches and overspending on home shit + +What crippling consumerism is ruining your future? + + for me it’s the 6k gazebo getting installed today. +[https://www.bnnbloomberg.ca/big-six-poised-for-earnings-bonanza-as-bad-loan-fears-subside-1.1606796](https://www.bnnbloomberg.ca/big-six-poised-for-earnings-bonanza-as-bad-loan-fears-subside-1.1606796) + +In advance of next week's earnings announcements, the street is bullish on banks + +> For Canada’s big banks, the blockbuster earnings beats they reported back in February may be a tough act to follow. But that doesn’t rule out a strong set of fiscal second-quarter results – and another leg up in share prices – when the banks report earnings next week. +> +>... +> +> Analysts who cover the banks say the credit recovery story is still very much in place. Some have boosted earnings estimates and price targets on bank stocks, saying they see another post-earnings rally coming. +Here is the write-up I did a few months ago. + +[https://www.reddit.com/r/ValueInvesting/comments/vmavi6/i\_think\_twilio\_twlo\_is\_trading\_at\_a\_62\_discount/](https://www.reddit.com/r/ValueInvesting/comments/vmavi6/i_think_twilio_twlo_is_trading_at_a_62_discount/) + +I was wrong in some parts and right in others. First, let me start with my last sentence: + +>I do not think we will get many opportunities to buy at current prices. + +That did not age well. That comment was said with the stock price at $97. The stock is currently sitting at $43 per share after a massive selloff. A heavy dose of humility has been delivered. + +My target price for my write-up was $255 at that moment (June 27, 2022). + +My targets for growth were in line. I was reasonably conservative and hit the numbers on the spot for Q3. Where I did not do well was an 18% overall increase in operating expenses. After a layoff of about 10% of the workforce, I expected at least a maintenance of expenses, if not a reduction. Management has implemented cost reduction measures, but they do not seem to be happening fast enough. I would expect the full results of the adjustments to be visible next quarter. + +Based on new guidance offered by management and the increase in the cost of capital. I would set my new target price at $116 per share. I still think the stock is undervalued right now by 63%. I think there is a considerable upside if and when market conditions change in a few years. For now, I would rather stay in conservative numbers. + +**Learnings** + +The margin of safety is extremely important. I knew it, we all knew it, but now I KNOW it. I was very wrong. I have a bunch of unrealized losses, but I kept buying at increasingly higher safety margins. At this point, I stand at an avg. price of $66. + +Something particularly important, I believe, is to dollar cost average your entries. Even though I was wrong, I still have a high conviction in this company, so I kept buying shares, and I will continue if prices continue to drop, which they might. + +Thoughts are still flowing through my head about this. I have three key positions. TWLO is number 2 as a % of my portfolio. Emotionally, it's been ok, to be honest. I feel like I am coming stronger from this as I decided to take a rational approach to this. I have sold other positions at a loss, where I did not see I had such a large margin of safety. As I move on my investment journey, I concentrate more on high-conviction bets. It does take a toll to constantly put your savings into this and look at the portfolio value diminishing, but I feel confident I'll come out fine in the end. + +What do you guys think? Would love to hear other people's comments about TWLO and their investment journey. +The problem with me is I am able to somewhat decide when to enter the particular industry /stock but I get stuck when I decide to take exit . Sometimes it is the greed of getting more and more profit on that stock, sometimes it is like the industry to which stock belongs has a lot of future scope . These things put me in dilemma and I ain't able to decide what are the factors one should consider while taking an exit from a particular stock and when should the alarm be triggered to indicate that hey you need to exit now . +A survey of U.S. investors with $25 million or more finds their average age dropped by 11 years since 2014, to 47. +These fabulously rich Americans, whose ranks have more than doubled since the depths of the Great Recession, are younger than less wealthy millionaires. +The average age of those with at least a mere $1 million is 62, a number that hasn’t budged in years. + + +About 172,000 U.S. households have net worths of at least $25 million, Spectrem estimated last year. That’s up from 84,000 in 2008. + + +About nine in ten investors under 38 attributed their success to “inheritance” and “family connections” in the Spectrem survey. But the same proportion also said “hard work” and “running my own business” played a role. +About 70 percent of the richest investors said they’re still working. + + +https://www.bloomberg.com/news/articles/2019-01-23/super-rich-americans-are-getting-younger-and-multiplying?srnd=premium + + +Why are dividends seen as so valuable? They are not free money and provide less growth. Usually higher yield means less growth. + +I might be misunderstanding but if I had a $100 share with 5% yield, would that not just turn into a $95 share with a $5 dividend. I still have $100 in the end. +This is the equivalent of selling 5% of a stock with no dividend. + +I understand dividends are great for older investors to use as income, but it confuses me as to why so many people my age, 20's, buy and recommend things like JEPI and QYLD. These etfs may have high dividend yields, but they have very poor growth. These etfs perform very poorly, in the long run, compared to something like VOO or VTI. + +Wouldn't it make more sense for someone in their 20's to go 100% VOO/VTI? + +Is there something to dividends im missing? +Assumptions: + +1. Tax slab rate is 30% (31.2%) +2. 50000 tax benefit is maximized. +3. So one would invest 50000 in NPS every year and 34400 in MF. +4. At the retirement the extra amount in MF (MF amount - 60% of NPS) is considered as invested in annuity. Basically what we are saying here is Both of them keep 60% of NPS amount with them and buy annuity with the rest. (40% for NPS route and remaining amount of the MF investment in MF route) +5. Both NPS and MF are assumed to be giving same returns. I know this is where people have contention. But if some body have debt portfolio, it is not difficult to manage NPS portfolio to achieve same allocation as mutual fund investment. + +&#x200B; + +|Investment return after 15 years|Tax assumed on MF|Extra amount in MF (MF amount - 60% of NPS) After 15 years|Annuity yield|Annuity value (Calculated on 40% of NPS)|Effective Annuity yield in comparison to MF route| +|:-|:-|:-|:-|:-|:-| +|7%|10.4%|22000|2.5%|13400|60%| +|7%|10.4%|22000|5%|26800|121%| +|7%|10.4%|22000|6%|32200|145%| +|7%|0%|118307|2.5%|13400|11%| +|7%|0%|118307|5%|26800|22%| +|7%|0%|118307|6%|32200|27%| + +Interestingly as long as you assume same returns for MF and NPS, the final column do not change. It only depends on the tax on MF and Annuity yield when it is bought. + +While the yield is good at 0% tax assumed, I assume 10% tax is more reasonable (after indexation in case of debt) and there the returns are too good. + +It is kind of obvious that this is expected. Obviously NPS gives more money to buy the annuity. But assuming some body gives the annuity yield of what is shown in the last column, would some body decline so much guaranteed income at that yield for rest of life from age 60. + +The only issue here is those amounts are very small and so may not be worth the effort (My case). But they look really good for some body who can use the 10% employer contribution and that would become a solid debt portfolio. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm being offered nearly 5% for 1 year by CIBC. It seems really appealing with all the uncertainty in the market right now. Whats a good reason to stay in the market instead? +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) +Michael Burry is saying index funds are a bubble - they pump up equity values through passive investing which is disconnected from any kind of analysis, thus forming a bubble. + +Not saying he is correct, or not, but assuming he is correct what's a good way to achieve diversification (so you can 'set it and forget it' just using dollar coast averaging and rebalancing) without resorting to purchasing index funds? + + ['It will be ugly': The Big Short's Michael Burry on why index funds are like subprime CDOs - BNN Bloomberg](https://www.bnnbloomberg.ca/the-big-short-s-michael-burry-explains-why-index-funds-are-like-subprime-cdos-1.1310874) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello! + +I am a new graduate who is hoping to advance my career in medicine (currently applying to schools). Because of this, I am temporarily working in a hospital as a Nurse Tech. I recently interviewed and accepted a position in our Emergency Department under the same title. + + +I received an offer via email and accepted. HR lady responded with "I am going to consider your email as formal acceptance of the position." Now, after emailing her again, she responds saying: + +> *"I will need to revisit the pay amount that I originally offered you for the position and get back to you, it looks like based on your experience that it will not be the original offer amount."* + + + +Am I SOL? I haven't signed any official documentation but we have both acknowledged my acceptance of the position. This has been a headache. Any help is appreciated as I am a little upset and confused at the moment. **In total, this would likely decrease my yearly salary by $8000/year.** +My wife is set to Inherit $350,000 and we are not sure what the best option is to do with it. We only owe $233,000 on our mortgage with an offset account attached and have thought about either paying it off or investing in another property and renting out the second to pay the mortgage on that? Any advice? +Edit- I should probably add apart from the mortgage we are debt free. No credit card or car loans although a newer car would be nice +In age we are mid 30s to early 40s and have a combined income of $175,000. +Cheers +of my Bitcoin and have re-invested all of it into Ethereum. + +The writing is on the wall. I think Bitcoin's coming changes are going to be the nail in the coffin and Ethereum is going to take over. + +I want a seat on the Ethereum Rocket Ship before it heads to the Moon. + +You all have another subscriber. + +Thank you +**Preamble:** There is no way around it. A vast majority of us Redditors absolutely hate The Motley Fool. I feel that it’s justified, given their clickbait titles or “5 can't miss stocks of the century” or turning 1,000 into 100,000 posts designed just to drive traffic to their website. Another Redditor summed it up perfectly with this, + +>If [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) and [r/stocks](https://www.reddit.com/r/stocks/) can agree on one thing, it’s that Motley Fool is utter trash + +Now that that’s out of the way, let’s come to my hypothesis. There are more than 1 million paying subscribers for Motley Fool’s premium subscription. This implies that they are providing some sort of value that encouraged more than 1MM customers to pay up. They have claimed on their website that they have 4X’ed the S&P500 returns over the last 19 years. I wanted to check if this claim is due to some statistical trickery or some outlier stocks which they lucked out on or was it just plain good recommendations that beat the market. + +Basically, **What I wanted to know was this - Would you have been able to beat the market if you had followed their recommendations?** + +**Where is the data from:** The data is from Motley Fool Premium subscription (Stock Advisor) in Canada. Due to this, the data is limited from 2013 and they have made a total of 91 recommendations for US-listed stocks. (They make one buy recommendation every 4th Wednesday of the month). I feel that 8 years is a long enough time frame to benchmark their performance. If you have seen my previous posts, I always share the data used in the analysis. But in this case, I will not be able to share the data as per the terms and conditions of their subscription. + +**Analysis:** As per Motley Fool, their stock picks are long-term plays (at least 5 years). Hence for all their recommendations I calculated the stock price change across 4 periods and benchmarked it against S&P500 returns during the same period. + +a. One-Quarter + +b. One Year + +c. Two Year + +d. Till Date (From the day of recommendation to Today) + +Another feedback that I received for my previous analysis was starting price point for analysis. In this case, Motley Fool recommends their stock picks on Wed market close, I am considering the starting point of my analysis on Thursday’s market close price (i.e, you could have bought the share anytime during the next day). + +**Results:** + +https://preview.redd.it/qg04a2wabbw61.png?width=623&format=png&auto=webp&s=0486800be95f3c49097df601935236a2bc500b11 + + As we can see from the above chart, Motley Fool’s recommendations did beat the market over the long term across the different time periods. Their one-year returns were \~2X and two-year returns were \~3X the SPY returns. Even capping for outliers (stocks that gained more than 100%), their returns were better than the S&P benchmark. + +https://preview.redd.it/xq68n5kbbbw61.png?width=623&format=png&auto=webp&s=327a831304a22ffb7588037b74da15e2de559e9b + +But it’s not like all their strategies were good. As we can see from the above chart, their sell recommendations were not exactly ideal and you would have gained more if you just stayed put on your portfolio and did not sell when they recommended you to sell. One of the major contributors to this difference was that they issued a sell recommendation for Tesla in 2019 for a good profit but missed out on Tesla’s 2020 rally. + +**How much money should you be managing to profitably use Motley Fool recommendations?** + +The stock advisor subscription costs $100 per year. Considering their yearly returns beat the benchmark by 13%, to break even, you only need to invest $770 per year. Considering a 5x factor of safety as historical performance cannot be expected to be repeated and to factor in all the extra trading fees, one has to invest around $4k every year. You also have to factor in the mental stress that you will have to put up with all their upselling tactics and clickbait e-mails that they send. + +**Limitations of analysis:** Since I am using the Canadian version of Motley Fool’s premium subscription, I have only access to the US recommendations made from 2013. But, 8 years is a considerably long time to benchmark returns for the service. Also, I am unable to share the data I used in the analysis for cross-verification by other people. + +But I am definitely not the first person to independently analyze their recommendations. [This](https://www.researchgate.net/publication/321057021_Evaluating_the_performance_of_the_Motley_Fool%2527s_Stock_Advisor/fulltext/5a0af7be458515e482743bf9/Evaluating-the-performance-of-the-Motley-Fools-Stock-Advisor.pdf?origin=publication_detail) peer-reviewed research publication in 2017 came to the same conclusion for the time period that was before my analysis. + +>We find that the Stock Advisor recommendations do statistically outperform the matched samples and S&P 500 index, since the creation of Stock Advisor in 2002 regarding both short-term and long-term holding periods. Over a longer holding period, the Stock Advisor portfolio repeatedly outperforms the S&P 500 index and matched samples in terms of monthly raw returns and risk-adjusted measures. Although the overall performance of the Stock Advisor portfolio benefits from remarkable recommendation performances between 2002 and 2006, the portfolio still exceeds the benchmarks regarding risk-adjusted measures during the subsequent period between 2007 and 2011 + +**Conclusion:** + +I have some theories on why Motley Fool produces content the way they do. The free articles of the company are just created to drive the maximum amount of traffic to their website. If we have learned anything from the changes in blog headlines and YouTube thumbnails, it’s that clickbait works. I guess they must have decided that the traffic they generate from the headlines and articles far outweigh the negative PR they get due to the same articles. + +Whatever the case may be, rather than hating on something regardless of the results, we could give credit where credit is due! I started the research being extremely skeptical, but my analysis, as well as peer-reviewed papers, shows that their Stock Advisor picks beat the market over the long run. + +*Disclaimer: I am not a financial advisor and in no way related to Motley Fools.* +EDIT: Wow! Thanks so much for all the kid words and, jeez, the awards- you guys are all special! + + + +Like, I’m a grown ass man. I’ve had some success in my life. I worked for a Fortune 50 company for many years and Ad agencies who supported that same Fortune 50 company. Lots of years and salary and benefits, vested stock- all the bullshit. And the money was good, until it wasn’t. + +I never wanted to be the person I was becoming, a marketing asshole, driven by accounts when I was on the advertising side, and driven by being perceived as better when I was the client. Money got in the way of what I was really good at- being a creative. Working with Small teams, collaboration, the ability to turn the wheel in the right direction at ‘our discretion not corporate assholes., + +These are the words of a 50+ year old man who on paper seemingly has many of the answers to life. Nice cars, nice house, 2 kids I’d fucking kill for (seriously). + +I hate myself and the opportunities I lost. I chased a little more cash instead of what I really wanted- autonomy and self sufficiency- for a slightly better apartment at the time, and more money for booze and eating out. Don’t be like me. That’s the hindsight view of my life. + +What I see today, and every day since January, is a bunch of numbers and posts and scrolling, reading, researching, communion, loyalty, mania, and love in my life. + +While my life hasn’t changed much, my outlook on it has changed tremendously because of all of you beautiful apes. + +THANK YOU! +Thinking about what might be good investments for the years to come, green energy type companies are good examples but could UK air con be the next big thing? + +- Climate Change is making temperatures hotter + +- New ATH temps every summer + +- No legal ‘too hot’ temps, but legal ‘too cold’ ones. This will probably get changed. + +- Raidiators are standard in every home, air con is in other countries. + +- New green energy boiler scheme goes to show that installing new devices in every home will not be ridiculous. + +- Everyone wants air con. + +- Potentially we might *need* air con if it gets too hot and people literally get ill or die + +Obviously green energy is a plus/must - thoughts? Companies to watch? +Pawn shops are set up to give low risk small loans to people at the bottom strata of society. You give me an item as collateral, I give you money according to that item and your buyback record with us, after you get paid you buy your item back with a fee added on so we make a profit. This gives you money when you need it and lowers the risk of the loan to you for us with the collateral you offer, making it feasible to give you the loan in the first place. Easy. If you don't pay I keep the item and you don't need to return the money. So a very low risk of spiraling debt. We also directly buy things too - you have all seen pawn stars, it's fiction but accurate enough. + +Naturally I encounter a lot of people at the bottom of society, both from the underclass and from the working class. People confide in me about their financial situations because I can potentially give them money. I see both good and bad financial decisions being made everyday. I learn lessons on money almost everyday from it, both from people's bad and good decisions. I figure I would share some of those lessons. + +1. People selling out their long term assets for short term assets. I see a lot of people effectively selling their gold for pints of beer. Pawning their laptop they need for work to go on a night out. This is abdication the benefits and security you get from the long term assets for the sake of quick transient pleasure. + +Do the opposite. Sell your short term assets for long term assets. + +2. People overerestimating their ability to pay back loans. One thing I always tell my clients is "Don't think about what you need, think about what you want to pay back, because its going to be coming out of your next paycheck." Usually they opt for a smaller more manageable loan when I say this. People have it in their head somewhere that within the next month they are going to magically come into lots more money than they actually are. That they are going to stumble onto some great idea that's going to make them a lot of money or they are going to live like an ascetic for a whole month to free up more cash. 99% of the time this isn't true. People have innacurate ideas about themselves and their ability to make money most of the time and they end up losing their items because of it. + +Have a sober assessment of your own earning capacity when planning your finances. + +3. Some people treat loans like a source of income rather than a subtraction of next month's income. It is true that debt can be used like a tool but it's a tool that most people just aren't skilful enough to use safely in my experience. + +Be super careful when considering using debt to pay for something. If in doubt, go without. + +4. Many people I work with simply do not account for future expenses. This means they never put money aside for them, never build emergency funds, never hedge or insure against disaster. Because of this, pawning and selling their items is a last resort. Some expenses are truly unpredictable but for the most part it's not difficult to anticipate most expenses coming your way. + +Good anticipation of expenses allows you foreplanning. This allows you to find ways to reduce those expenses or put money aside to pay them. This is like paying off future debts before they even become debts. Which is really the cheapest way to pay off debts. + +5. A reliable predictor I have of people not buying their items back is whether they have an alcohol or drug addiction. These addictions enslave the person and take hold of their finances, compelling them to sell out their long term assets for a quick fix. (See lesson one). Selling the family silver for booze is unfortunately something too common. At my shop we offer a self banning option in order to help them stop their habits, but it goes to show that addictive habits are not conductive to good financial decision making. + +Sort out your addictive traits however you can. + +6. I once had a guy beg me for money for a mobile he was selling because he didn't have money to buy food. After I paid him his son demanded he buy a scooter that was on the shop floor. He gave a few protests but gave in and dished out £60 for the scooter. The next day he came in saying thst his son fell off it once and didnt want it any more. We don't don't refunds but out of courtesy we bought it back from him for £40. He effectively just gave us £20. He does things like that often because his son demands it. Similarly I see people falling into the temptation of selling their young daughters bracelet because their "friend" has demanded that they go out for a drink (or drugs) and has suggested that the bracelet could pay for it. + +Seriously guys, watch the company you keep. Just because someone is "fun to be around" or makes you feel less lonely, doesn't mean they are good for you. And make sure you can say no to your kids so that they don't bully you into spending. + +7. People don't really know the value of their stuff. If they underestimate it, they lose value when they sell it too cheap, if they overestimate it, they move forward with false sense of security thay only reveals itself when times get tough. I once had a girl come to me with a 2.4g 9ct gold ring with a tiny 0.2 carat diamonds in it. The thing can maybe be sold for £80-100 on a very good day, so I offered her £45. (After tax and the warranty we would have been making around £15 on it at that price) she proceeded to snatch the ring and storm out declaring that she paid £2500 for it. I don't know who she bought from but this lady was ripped off big time because she didn't have enough knowledge on what she was buying and she also fell into the trap of believing that what you pay for something is what it's worth. +What an item is worth is in the resale value not in what you pay for it. I could pay £12,000 for a paper clip, it doesn't mean the paper clip is worth £12,000. +Be sure you check the resale price of everything so you don't accidentally think you are richer than you are. + +8. People don't realise how fast their technology depreciates in value. I had a guy get really mad at me because I offered him £10 for a Samsung phone he purchased for £350 back in 2014. The truth is I didn't even want to offer him that, I was doing it as a courtesy because he had a good buyback record. I had to explain to him that a phone that is 7 years old is seriously outdated and that every new model brought out reduces the value of the older ones. + +Very rarely can technology can hold its value. Retro gaming is one of the few places it can. Very old consoles can make their way into this category and remain there as the supply goes down and the nostalgia driven demand racks up. But most technology will simply become an elaborate paperweight over time. If you are investing in technology, you are betting that the hardware is going to produce something of value for you before it becomes outdated and loses it's market value. + +The flipside to this is that second hand electronics are often a great purchase decision relative to brand new. + +9. Be wary of collectibles and antiques. Unless you really understand the collectors market it is probably a really bad bet to invest in them. The amount of people I have to disappoint when they come in with "collectible coins" or ornaments from their grandmother's house that they believed were going to raise in value across time is sad. There are a lot of ads aimed at older people selling some commemorative something or other that are just predatory in my opinion. +Very few things actually appreciate in value across time. Most things peddled as collectible are just brick a brack and over time just become old brick a brack. + +Edit: I'll put an extra lesson in for free because I just remembered it. + +10. Getting older and getting richer are two very different things. One of the saddest things I see is older people coming into the shop asking for small loans on jewelry etc to pay for their essentials, and maybe to get their grandkids a gift. It breaks my heart to see it. Literally we are the last place they can come to to get something nice for their grandkids. + +Don't presume that you will just naturally get richer as you get older. Time passing has the capability to both destroy your wealth as well as build it depending on how well you strategise and put things in place for yourself day by day, week by week, year by year. Having some long term plans helps steer your course better towards the positive and prevents the wealth you build from eroding and collapsing. You don't want to be living paycheck to paycheck through into your old age. +I rented an Airbnb house in Vietnam for 5 days, when I used the bathtub for the first time, it broke as soon as I put my second foot in. Called the owner immediately and mob all the water that got in the bedroom myself, it doesn't look like it broken completely, I used a flashlight and the light can't get through the wood to the other side, the bathtub looks kinda old too and when I took pictures I can see some black molds where the broken edge was. + +The owner said it was unfortunate but glad I was so quick to taken responsibility, but then he also said since the guest booked the house can't use it (the house has another 2 showerheads indoor and one out on the balcony) and he had to helped them find other places , I have to help him with some of the money he lost, this is near the Tet holidays in Vietnam so he said he lost a lot of money, and then since he has booked the service lady to work in Tet holidays, he has to pay her too. + +After I have checked out, he called me and said that when he sent the pictures of the broken bathtub to the repairman, he said it can't be repaired and he will have to be replaced. So I have to help him pay for the new bathtub plus some of the money he lost plus the money he had to paid to the service lady. I mean, I can probably pay for that but isn't it a bit excessive? I used Airbnb regularly and this is the first time I have broken something so I'm dumbfounded right now, how can I figure out an acceptable amount to pay this host? +Hey everyone, so I closed on my first duplex January of this year. I just received a letter from the town that they reassessed my property and that I have to pay 2,200 by November 1st!! Is there anything I can do to appeal? Can I ask for a payment plan? Thank you in advance. + + +I foolishly have been avoiding getting my retirement in order. Today I turned 43, and I just cannot put this terrifying subject off any longer. Therefore, I am reaching out to your experiences to find out how much trouble I am. These are the variables I think necessary for consideration. If others are needed, please ask. + +1. I have $50,000 in a 401k with Fidelity, + +2. I have no other investment instruments, + +3. I can afford to put away $1,000 a month. I may also have a $3,000 annual bonus I can add, but it’s not guaranteed, + +4. I am not counting on social security, + +5. I have medical coverage through the VA at a minimum, + +6. I would like to retire in 20 years, and + +7. I’d like the retirement to be comfortable, but I don’t know what that would be in 20 years. All my debts should be paid by then, so I assume I don’t need a large monthly income. + +Presumably, my situation isn’t good. I welcome any suggestions, even those that are rather unorthodox, but legal. Side note: both Fidelity and my employer’s current investment firm, Charles Schwab, have not responded to my emails and calls since February. Both said they would assemble a strategy to meet my goals. Thank you kindly for your time and consideration. +Guten Morgen to this global band of Apes! 👋🦍 + +The start of this much-anticipated week did not disappoint! The early upward breakout was desperately pushed back under $240. However, their sell walls weren't nearly strong enough to withstand enthusiastic Apes. I hope that Ken Griffin's cell walls are much tougher. + +Of course, today is a day that many Apes have been looking forward to. At market close, Ryan Cohen will be free to openly discuss investing in GME, and will not be limited in how many GME shares he can own. We have all seen the impact his leadership has had on the company, but we might get to see a whole new dimension from the Chairman. + +I cannot express how excited I am to be involved in this movement at this time. + +Since the US markets are closed on Thursday, I'll be updating for the entire duration of the German markets. I may also do the entire session on Friday, since the US markets will close 3 hours early. + +Today is Tuesday, November 23rd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$248.06 / 219,95 €** *(volume: 3429)* +- 🟥 115 minutes in: $248.06 / 219,95 € *(volume: 3397)* +- ⬜ 110 minutes in: $248.43 / 220,27 € *(volume: 3272)* +- 🟥 105 minutes in: $248.43 / 220,27 € *(volume: 3208)* +- ⬜ 100 minutes in: $248.76 / 220,57 € *(volume: 3185)* +- 🟩 95 minutes in: $248.76 / 220,57 € *(volume: 3182)* +- 🟩 90 minutes in: $248.71 / 220,53 € *(volume: 3167)* +- 🟩 85 minutes in: $248.65 / 220,48 € *(volume: 3036)* +- 🟩 80 minutes in: $247.44 / 219,40 € *(volume: 3002)* +- ⬜ 75 minutes in: $247.30 / 219,27 € *(volume: 2808)* +- 🟥 70 minutes in: $247.30 / 219,27 € *(volume: 2762)* +- 🟥 65 minutes in: $247.69 / 219,62 € *(volume: 2269)* +- 🟥 60 minutes in: $248.71 / 220,52 € *(volume: 2139)* +- ⬜ 55 minutes in: $249.84 / 221,52 € *(volume: 2014)* +- ⬜ 50 minutes in: $249.84 / 221,52 € *(volume: 2009)* +- 🟩 45 minutes in: $249.84 / 221,52 € *(volume: 1974)* +- 🟥 40 minutes in: $249.72 / 221,43 € *(volume: 1822)* +- 🟩 35 minutes in: $249.84 / 221,52 € *(volume: 1671)* +- 🟩 30 minutes in: $249.81 / 221,50 € *(volume: 1613)* +- 🟥 25 minutes in: $249.44 / 221,18 € *(volume: 1191)* +- ⬜ 20 minutes in: $249.78 / 221,47 € *(volume: 881)* +- 🟩 15 minutes in: $249.78 / 221,47 € *(volume: 775)* +- 🟩 10 minutes in: $249.69 / 221,40 € *(volume: 570)* +- 🟩 5 minutes in: $248.79 / 220,60 € *(volume: 429)* +- 🟩 0 minutes in: $248.74 / 220,55 € *(volume: 334)* +- 🟩 US close price: $247.55 / 219,50 € *($248.80 / 220,61 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1278. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! + Is anyone else doing this? Sometimes I feel like I’m the only one going through things like this. I am college educated and have worked at some really great companies but then Covid happened. This life situation I find myself in has me wanting to end my life. I can’t even look people in the face because I am not confident anymore. +I'm at 17 and since my mum died a few weeks ago I;ve decided that I shoudl live on my own when I return from my grandparents in France. I'm going to university in September next year in London. + +I have a house inherited from my mum in London and an income. I've also got a university fund. What do I need to think about now to effectively live on my own when I get back to the UK in a months time? + +What house costs are there that I wont think about. I know about internet gas electric and water but what else? + +How do I make sure nothing is missed? + +I dont want to have anyone live here with me atm but may change my mind. +UPDATE: THANK YOU FOR ALL THE SUPPORT . I HAVE AN INTERVIEW NEXT WEDNESDAY FOR THE LEAD POSITION WISH ME LUCK. + +***this role will come with a raise **** + +I WILL BE HAVING A SIT DOWN CONVO WITH MY GF IN THE NEXT DAY OR TWO. + +UPDATE #2 just been informed her grandma is dying we got a call from her mom and she is rushing to take her out of state to see her + +———-/———————————- + +am supporting 2 people (partner and I ) plus 2 cats . I should be able to live comfortably right ? Nope . I am constantly broke , my pay is gone before it gets deposited. I work 40 hrs a week full time . + +My partner can’t work due to disability but disability has already denied her twice because she “can adjust to working “. Her disabilities are “invisible” and mental so they’re like nope don’t exist . +She has food stamps and I don’t claim her as a dependent because of disability application . We’ve been together for 7 urs and can’t get married because they’ll cut her benefits . I make too much to get any for myself . + +I don’t know what to do anymore. I had everything okay and now I’m stuck in this loop of loans just to swim above water . +Let's play a game: what is the safest stock in the world? + +I mean, if the world was to collapse, undergo a prolonged period of depression, if the US dollar was to lose its' hegemony, or any other depressing event that you might think of. + +Which stock/company do you think will survive these hard times, and you are ready to hold it for the rest of your life? + + +Some rules: +1. No ETFs, only individual stocks. +2. You can choose several stocks. +3. You can pick a stock from whatever country you want. +4. Explain your choice. + +Let the game begin! +Just a heads up, if you were looking for a call to action to make your voice heard: THIS IS IT!! + +&#x200B; + +The staff at the SRO are not stupid, if anything they are conniving and know exactly what they did. + +&#x200B; + +Take the time this weekend to jot down how you feel about these rule changes. Participate in the regulation of YOUR financial markets. + +Dr. T and others are correct, the best way to get the word out is to comment and to make them acknowledge how retail traders feel about proposed rule changes. + +&#x200B; + +Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, Words words, GME is making history, words words, GME 4 LYFE, +&#x200B; + +https://preview.redd.it/invn7a47rft61.png?width=1354&format=png&auto=webp&s=ac92dab535457b17e24eae84f1e1b5ef550099ff + +I would just like to firstly say this is just theory, don't listen to anything I say as i'm a smooth brain. + +So if you didn't see yesterday JP Morgan's net profit soars [5-fold to $14.3 billion](https://www.marketwatch.com/story/jp-morgan-net-profit-soars-5-fold-to-143-billion-and-revenue-tops-expectations-but-stock-slips-2021-04-14). I find this to be a little unlikely to be honest. We are on the the biggest bull run this market has ever seen, and the money printers keep on running. You honestly think a bank isn't going to get greedy when the going is hot? of course not. **They have over-leveraged hedge funds and they realize shits gonna go down.** + +&#x200B; + +[Why would they need to pay off so much debt if they are supposedly after X5 profits?](https://preview.redd.it/fvjwtbywhft61.png?width=1594&format=png&auto=webp&s=4172ce776e05c85fc4de6aac8f6d66e15f1e82b2) + +Coincidentally, one day after their so-called killer earnings they issue [13 Billion worth in bonds](https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever) in the "**largest deal ever by a bank**". My thoughts are that they were loaning too much money, in desperation to get enough money to keep them afloat they issued these bonds. They are definitely well aware of the GME situation and there are many catalysts are going together are the one time, they're spooked. Don't think banks don't lie about their positions or aren't that stupid to over-leverage? Read this about Bill Hwang leaving Credit Suisse holding a massive [$4.7 Billion dollar bag.](https://www.forbes.com/sites/siladityaray/2021/04/06/credit-suisse-takes-47-billion-hit-following-archegos-collapse/amp/) No one has learned a fucking thing from 2008 and now people have to suffer again because of billionaires being greedy. They are gonna be holding the biggest [bag of excrement.](https://www.youtube.com/watch?v=K05sxfa4zdM) + +&#x200B; + +[28 Jan, 2021 - https:\/\/www.spglobal.com\/marketintelligence\/en\/news-insights\/latest-news-headlines\/citadel-securities-allocates-3b-term-loan-for-refinancing-terms-62337677](https://preview.redd.it/dve5ad9zuft61.png?width=2320&format=png&auto=webp&s=d22f1c735c220b027d5418045af2457582a8fe2e) + +Just a side note; It's been noted that Warren Buffet has really cut away on some of his [bank stocks](https://www.barrons.com/articles/warren-buffetts-berkshire-hathaway-pared-down-its-bank-holdings-that-looks-like-a-10-billion-mistake-51616500847) \[[additional source](https://edition.cnn.com/2021/02/16/investing/berkshire-hathaway-warren-buffett-stocks/index.html)\]. Also, with Michael Burry [deleting his twitter](https://markets.businessinsider.com/currencies/news/big-short-michael-burry-deletes-twitter-profile-warning-market-bubbles-2021-4-1030275994) this would lead me to believe that the wrinkly brains actually know what's going on. Something big is about to happen. I believe that GME wont be it's own thing. I firmly think the GME margin call will be a catalyst for an even bigger bubble lurking over. + +&#x200B; + +[Oh look, it's ol' trustworthy MarketWatch trying to pump bank stocks. i wonder why that is? :\)\)](https://preview.redd.it/twyeq0x9rft61.png?width=1948&format=png&auto=webp&s=f70e104c563beb4f0f1aed57abb2475547466968) + +&#x200B; + +**TLDR: banks loan out too many bananas to hedgies, and GME has the potential to be a catalyst for an even bigger bubble popping.** + +&#x200B; + +*This is just me speculating, none of this should be seen as financial advice. If i am tinfoil hatting or their is something i'm missing please let me know. Ape peer review ape. Moon soon 🚀🚀🚀🚀* + +\-Socrates ( ͡° ͜ʖ ͡°) + +&#x200B; + +&#x200B; + +edit: getting a lot of downvotes but no one giving counter DD in the comments. Hello shills, whistleblowing to the SEC can earn you a lot of money. Just give it a consideration.🙂 + +edit 2: [**Jpmorgan Chase (JPM) CEO Commercial Banking Douglas B Petno Sold $1.7 million of Shares**](https://finance.yahoo.com/news/jpmorgan-chase-jpm-ceo-commercial-031501920.html) **-** this news just came out today (16th April 2021). Now i know this seems conveniently timed. Just remember $1.7 million is chump-change to these people so i wouldn't read too much into it that they are expecting Armageddon, I say he is just doing some profit taking. Regardless, market watch articles pumping bank stocks around the same time is convenient to say the least. + +edit 3: [**JP Morgan with a 43% chance of Bankruptcy**](https://www.reddit.com/r/Superstonk/comments/mrxln5/macroaxis_a_company_started_in_the_wake_of_the/) **-** make of this what you will. +We have gone from $1600.00 to $2000.00 a month to less than $1000.00 including power & Internet. Next step getting our credit fixed and getting a vehicle. + +I didn't think this day would ever come. We spent our last dollar getting this place. The local food bank fixed us up too. + + +We don't have beds yet, but we can rough it in recliners for a couple of weeks. +In 2019 investors pulled their money out of the stock market en masse in reaction to the yield curve inverting and the high interest rates that caused the market to dip in Sep, 2018. + +They never put it back in, rather stock buy-backs fueled the 2019 and 2020 rally. + +[https://www.bloomberg.com/news/articles/2019-09-23/biggest-ever-move-out-of-stocks-could-foreshadow-gains-ahead](https://www.bloomberg.com/news/articles/2019-09-23/biggest-ever-move-out-of-stocks-could-foreshadow-gains-ahead) + +**Edit:** From the Business Insider article: + +"One reason for this is that investor selling has been "swamped" by corporate buying, Fraser-Jenkins said. Global corporates have announced $820 billion in buybacks this year, which has exceeded selling by traditional investors. That's been supportive to the market as a whole, since when companies reduce their outstanding share count by repurchasing units, it lifts the per-share value of the remaining stock. In addition, companies have $1.3 trillion in pending mergers and acquisitions, which he says also supports the equity market. " + +**Edit:** Since people are questioning the source... On the March 9, 2020 Bloomberg odd lots podcast Vincent Deluard, the Director of Global Macro for INTL FCStone Inc. Said: + +"Most investors have already pulled their money out of equities in response to what they saw happing in the bond market in 2018 and 2019." + +After hearing that, I looked on google for a long time but couldn't find any charts that showed the outflows. The only charts that tracked total inflows/outflows were paid subscriptions. One Marketwatch article (banned source) showed it and this lone Bloomberg article showed it too. +So we had a company wide meeting today and our CEO asked all staff to reveal their wages, as he wanted us to understand the value of our time when working on different tasks. Am I alone in thinking this is highly inappropriate or is not unheard of? + +I can already see that it may result in tension between some team members as there was a vast difference between some team members and others in similar roles, $20k a year I'm talking. + +Just throwing this out there to see if my response of feeling uncomfortable about it is appropriate. + +Edit: thanks for the feedback so far, has been really interesting. Am opening up to the idea of transparency in salary amounts, just feel bad for lowest paid person as its a small tight knit group. + +Edit 2: We aren't a public company, and are outside of the US so these records are not accessible for us to see. Lying about it would've been fruitless as the CEO knows the company numbers so well he would have called bullshit. I definitely see the benefits in this happening, my initial response was that of being uncomfortable. Could lead to an interesting week at work next week. +I wanted to walk through these numbers on what happens to 100K saved in a high-interest savings account in Australia factoring in inflation and taxation on bank interest. + +If you want to find the best interest rates for savings accounts in Australia, the finder website has a page documenting the best rates. Some of these banks have additional qualifications like being under a certain age. + +The best seems to be with Westpac that offers a maximum savings interest rate of 2.5% if you are between 18-29 years old. + +If you fall outside of that age range the next best rate is a maximum savings interest rate of 1.35% offered at Rabobank. + +The current CPI for the last 12 months published on the RBA website is 3%. True inflation in terms of purchasing power for the average family may be higher, but I won’t get into that in this post. + +You are charged your marginal tax rate on interest income earned from having a savings account. So high-income earners are penalised more for saving money in a bank account compared to low-income earners. + +Some banks charge bank fees to account holders which vary by bank. + +Saving 100K with a savings interest rate of 1.35%, with a marginal tax rate of 37%, 3% inflation and $10 p.a. in banking fees ends up with an inflation-adjusted loss of over $2,000. + +&#x200B; + +[ $2,184 Inflation Adjusted Loss on 100K ](https://preview.redd.it/psitltjep8581.png?width=395&format=png&auto=webp&s=605ba65faee0cfe0e672afcd8a898e2bfed565a5) + +Saving 100K with a savings interest rate of 2.5%, with a marginal tax rate of 32.5%, 3% inflation and $0 p.a. in banking fees ends up with an inflation-adjusted loss of over $1,300. + +&#x200B; + +[ $1,363 Inflation Adjusted Loss on 100K ](https://preview.redd.it/luhy37dkp8581.png?width=395&format=png&auto=webp&s=dc9ed2cbd7be09c2d0b76b30f7afef07b59288e8) + +And the numbers just get worse as savings rates drop, banking fees rise and inflation rises. +I remember it like it was yesterday. Because seeing that post that day was moving. And I said to myself, if we all had this kind of pay it forward attitude, the world would be much more awesome, and this guy gets it. I awarded the post, and I thought about a good deed I could do for someone that day. Because the post was compelling enough for me to want to do something awesome like that as well. + +Hearing about him passing today, I was reading comments to understand who it was. They were saying oh the "Infinity Pool." Yes, I realized who it was by that. But I wanted to look at his other posts, and there it was. It took me right back to that day. The day I had a picture on my screen of a person who took a pumpkin pie and whipped cream to his local GameStop branches to show appreciation for the employees working on the holiday, I believe it was Christmas [https://www.reddit.com/r/Superstonk/comments/r2bd0t/taking\_care\_of\_the\_retail\_employees\_at\_one\_of\_my/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/r2bd0t/taking_care_of_the_retail_employees_at_one_of_my/?utm_source=share&utm_medium=web2x&context=3) . And he also went back with cookies and a card on Retail Employee Appreciation Day. + +It may not have been much but it was the thought that counts, and I know the employees felt the appreciation. So, the challenge is to follow suit. Do the same thing. Hit up a local GameStop store and do a little something for those employees on the front lines. Maybe a thank you card, a pizza, gift card, whatever you have the means of being able to provide. I know it is far from the eating a big jar of mayo, but hey. So, that's all it is. A remembrance of an awesome soul who has gone on to the infinity pool, and a gesture to make him and everyone else smile for you. Were all gonna make it, but no matter what, be awesome, be kind, be thankful. +So this would probably also fit into r/relationshipadvice but since our disagreement exclusively concerns money and FI/RE, I rather wanted to post it here. If it does not fit this sub I am sorry and will obviously delete the post. + + +I’m in my mid 20s and have a GF of 7 years whom I love deeply.. however... while we are very suitable for one another in most regards, we are not compatible at all when it comes to my FI/RE plans. + +She has a very good education (Bachelor/Master/PhD in psychology), but recently told me the entire truth: +She wants to stay at home, first with “kids” and afterwards just on her own. She does not plan to go to work ever again after she gets pregnant. Moreover, as of now, she also does not want me to retire anytime before 70 because I, “as the man, have the obligation to care for her financially”. As she likes luxury products (e.g. chanel bags) and vacations, retiring early on just my income seems unfeasible. + +What’s even more troublesome, she also does not agree to split my income into two so that everyone can spend/invest their own part. If I want to invest my own part while she spends hers on luxuries, she still wants to (and legally would if we were to be married ) own 50% of my investments. Effectively, this discourages me from investing in our future altogether. + +I tried talking to her about this many times, but she would not budge in that regard, pressuring me emotionally by saying things like “You really do not love me if you don’t want me to be happy” and multiple other ironic things like that... To be fair, her parents live like that so that’s probably where she got this idea from. Her father earns 200k+ and wants to retire as well, but so far was not able to (he turned 56 this year), mainly due her mother having the same expectations and being of high maintenance as well. + + +Overall, I am just at a loss of what to do. Either break up with her or just relinquish my hopes of FI/RE seem to be the only viable options. + +If someone here can think of any other options or was in a similar situation (or maybe just had disagreements over money with their SO), I would be glad to hear about that! + + + +EDIT: First of all, wow this blew out of dimension! The community really proves once more to be invaluable, well-experienced and supporting. Tomorrow I will have the time to read through every single comment and try to answer them. +Even as it stands now, I learned much by your discussions and am incredibly grateful for all the new thoughts that were provided here. Reading through them really helps me to shape my own opinion more clearly and to consider new important aspects. Overall I should also mention that she really does have many positive attributes as well, otherwise I would probably not have stayed in the relationship as long. I would not be were I am today if not for her help and love and I can not just ignore my past happiness with her. Yes there are many red flags, but there are also various things that make up for many of them. + +Currently I’m leaning toward discussing and settling things once and for all when she comes back from her current vacation. I will talk about my expectations very clearly and ask her more details about hers (and her reasoning). I will formulate what I think is absolutely necessary (e.g. mutual plans for future savings but also things that I would want to put in a pre-nup) for me to continue the relationships and also where we might be able to find compromises. Overall, I will also make clear that if she can not change in this regard without starting to resent me, then I will have to end it before it’s too late, as hard as it may be. + + +EDIT2: +Sorry that I didn’t answer all the comments and that it took me so long to come back to this post... There was a lot of arguing and tears, and there were also other circumstances which made the situation and relationship even worse (i.e. possible 3 years of long distance relationship ahead). In the end, I broke up with her and blocked every means of communication. Still hurts like hell through and makes me kind of depressed, but I try to spend time with friends and make myself busy. Thanks again for all your advice, it helps at least a little bit to know that it might have been the right choice. +Long term lurker looking for some advice. Currently have a NW of $4.5M in a HCOL area (doesn't count home). Target FI is $6.5M threshold with an objective of $8M. Early 40s with combined income of $450K. We can easily coast to FI but I have a constant internal battle of just getting to the number as fast as we can vs spending more on some "wants" (toy car, higher end vacations, or even working less hours). I am tied to my company for at least the next six years to max out my equity and I anticipate that will bring another $4M but I want at least half to setup our retirement residence and don't currently know where that is just yet. + +Should we grind to 6.5 or count on the typical 8% growth to carry us there? We both work 10-11 hour days so the hours do start taking a toll on you. +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. ✌️ + Down 28% in AH as of 6pm. + +Credit: u/juaggo_ + +Peloton on Thursday reported weakening sales growth and a wider-than-expected loss in its fiscal first quarter, prompting the company to slash its outlook for the full year amid softened demand for its exercise equipment and ongoing supply chain challenges. + +**Loss per share: $1.25 vs. $1.07 expected** + +**Revenue: $805.2 million vs. $810.7 million expected** + +“We anticipated fiscal 2022 would be a very challenging year to forecast, given unusual year-ago comparisons, demand uncertainty amidst re-opening economies, and widely-reported supply chain constraints and commodity cost pressures,” Chief Executive Officer John Foley said in a letter to shareholders. + +Peloton posts wider-than-expected loss, slashes full-year outlook amid softening sales [https://www.cnbc.com/2021/11/04/peloton-pton-to-report-fiscal-q1-2022-earnings-.html?\_\_source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard](https://www.cnbc.com/2021/11/04/peloton-pton-to-report-fiscal-q1-2022-earnings-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard) +I trully enjoy reading this sub because there's interesting questions and points of view regarding option strategies,risk..etc. Most of the people here seem to take things serious and not make outrageous claims regarding stocks, unless they have done their research.. I see posts of people claiming they got banned on wsb, unfortunately, nothing we could do, imagine posting there tho??now, dont let those low Q uality posts get spammed here.. just saying... +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +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 holy shit we are all excited asf. My tits ache too. +But we are only close to the end when we are seeing mad price movents, trading haults and then i believe msm will change there tune completely when its over so they dont come across like the idiots they are, plus we haven't even started to see the margin calls fail. +All these "this is it" "last chance to buy" is only going to discourse newer apes when nothing happens or we get a rug pulled again. Cuz its dam possible. Its happened multiple times. +These wall street fuks are in a loosing battle, YES! but dont you think these SHF have a whole team of people to work around some more bs. They have friends all over in high places. + +Its been a long year. But so far nothing has changed. +Trust in RC and team, and wait. +The fight isn't over till its over. And we dont know when that will be. +Till then deep breaths + +🚀 + +Edit: Personal hype. Fantastic im jacked son trust me. But front page end game again post make us look retarded and laughable when its proven wrong. Like RC we shoud be silent unless we have undisputeable proof, imo. + +💜 all you retards + +Edit 2: ive browsed some of your comments sorry been working diggin holes. I'm not saying dont be hyped lol. (I am not the anti hype police) +Investing in GME is THE best thing ever to happen. Im just saying we should chill and ride the ride, we fucking got this in the bag. But we can't speculate the end game. We will know its the end game cuz it'll come crashing on us like a ton of bricks. Moass will come out of nowhere. Thats my opinion. + +Edit 3. Some of you seem to not get what i was trying to say. I wasn't trying to piss anyone off. I didn't expect this to gain any traction. I am just a simple building man. I was just speaking my mind from what ive read on here over the last few days. +The internet is the Internet. And some of you are kinda rude +people. Really check yourself. If this is your mentality now. To name call and bash people for their opinions. What are you gunna be like when ya filthy rich? + +THANKYOU ALL for the awards. Like fucking hell wtf 💜 + +💎 +🙏 +**Edit:** Wow! Thanks for my first gold, stranger! Also, thanks for all the great comments! I made one or two small changes to fix some insensitive word choices :) + +\*\*This is about appearances. I do not recommend faking your personality or changing into someone you don't want to be. Yes, basic manners are important, but you don't have to go against your own values to be successful :)\*\* + +&#x200B; + +I’ve been meaning to write this for awhile, and finally have time! A little background on me – We are a family of 3 (4, but the eldest is away at college and financially independent from us now). We have lived below the poverty line for most of our small family’s existence (as in 20-30k/year in one of the most expensive states to live in). And, we exuded the poverty mindset, unbeknownst to us, until about 2017. Once it dawned on me and I made a few changes in how the world perceives me, my world opened up. I’m back in school to be an environmental scientist. I’m finally taken seriously by peers and professionals – Last year I had a part time research position with a professor and I will soon be published in my first scientific journal. My own self esteem has gone up, and the rest of our small family unit has followed suit. We are still broke, but we are no longer “poor.” The poverty mindset has been broken! More importantly, we are on a path to a way out and we reap a few more benefits of the middle class daily. + +How, you ask? Presentation is everything. Here’s my guide to looking the part of a successful human when you are poor. + +**Bathing** + +Until six months ago we paid our water and power bill (it’s now included in rent). Long, hot showers meant expensive bills we couldn’t pay, so we followed a three showers/per person/per week rule. This is how we still looked like a million bucks: + +· The Pits and the Bits are what matters most. If you can’t bathe every day, at least scrub the smelliest areas with a rag, soap, and warm water. + +· Avoid greasy hair. I would wash my bangs in the sink, since this was the most obvious part of my hair to look dirty. + +· DIY dry shampoo is a lifesaver. For blondes, sprinkle some cornstarch on your roots, let it sit a minute to absorb oil, then brush it out. For brunettes, mix in some cocoa powder with the cornstarch to the desired hue. Bonus, the cocoa makes you smell delicious :D + +· Don’t over scent. A lot of us poor peeps have a psychological fear of smelling bad. Unfortunately, many try to prevent this with cheap perfume, too much perfume/cologne, or fruity Bath & Body Works style crap. Unfortunately, these types of scents are really only considered suitable for middle school girls and high school boys amongst the middle and upper classes, so it instantly marks you as poor and possibly trashy in the subconscious of others. You are better off wearing nothing but deodorant. If you do want a scent, get something of medium quality, at least, and wear it sparingly. It will last just as long as the crappy stuff that others are bathing in. (Plus, those with fragrance allergies will thank you!) + +**Hair** + +I inherited the family curse – going white at the temples in my late teens. Every female on my mom’s side does this, and the females tend to be long lived (I only mention this because premature graying can be a sign of heart disease and other illnesses, so see a doctor if you go gray early, at least if you can afford to). Unfortunately, as a brunette, this made me look tired and old before my time. + +· Just for Men rocks. Seriously, they have a product that comes in a tube that retails for about $5. No mixing, and you can cap the leftovers to use later. Skip the comb that comes with it (it wastes the dye) and get a highlighting brush for $1 (one time purchase). I just brush it onto the gray roots once a month, and a single tube last me for at least 8 months. Bonus, it looks more natural since some grays are still in my hair, but I also look 10 years younger and less tired. This tips works for guys and gals. + +· Cut your own damn hair. Seriously, you don’t need anything wacky or complicated, and youtube will teach you any style you desire. If you have a young kid handy that doesn’t care yet about their appearance, they are great to practice on (my boys hold no ill will against me for the horrible haircuts they sometimes experienced as toddlers)! Some people, both males and females, can pull off various shaved and buzz cuts with style, so count yourself lucky if you are one of those. The various “shag” cut for men and women are also great for beginners because they don’t show small mistakes. For myself, I simply wear my hair long. I learned how to trim bangs, put in a couple of long layers to frame my face, and trim the back. Hair scissors are preferred, but you can use regular ones if you ONLY use them for hair cutting. + +**Dental Hygiene** + +My teeth aren’t perfect – I have a slight gap in my front teeth and my bottom teeth are a bit crooked, but I get compliments on my smile still. That’s because hygiene can cover many other shortcomings! I quit smoking about 8 years ago, and my reward was early stage gum disease. If you’re poor, you don’t have dental coverage. I managed to scrounge up the funds for treatment (periodontal cleaning and antibiotics) at a local dental hygiene college, but keeping up with the six month appointments hasn’t been in the cards – I’ve only been able to swing it every two to three years. Good news is, my gum loss stopped and reversed some, even without the cleanings, thanks to better hygiene. + +· Get an electric toothbrush if you can. If you watch for deals, you can pick up a Sonic Care or similar for under $20. Prolong it’s battery by only putting it on the charger when it is dead (mine is over 5 years old and still going strong. I have to charge it weekly instead of every two weeks, but it works still). Oh, and brush twice a day, please! + +· I buy a 12 pack of off brand brush heads for around $20 a year off Amazon. Read reviews, though, because not all off brands are a good value. + +· When choosing brush bristles, go soft or medium soft. Harder bristles may make your teeth feel cleaner, but they also can lead to gum loss and abrasions on the tooth enamel – which leads to staining. + +· If you can’t get an electric brush, at least watch a few youtube videos on the proper way to brush – there is more to the technique than you may think! + +· Don’t have a stained smile! I whiten my teeth for $7 a year. A tube of Plus White 5 minute whitening gel and a $2 sports mouth guard from Walmart or similar is all you need. Smear the gel on your teeth and pop in the guard before jumping in the shower. By the end of the shower, you can rinse it out and go on with your day. I did it once a week for the first month, now I do it monthly. (I’m a huge coffee drinker, but my teeth are white!) FYI, I mentioned this to my dentist and he said it was fine, but you may want to check with your own dentist if you can. + +· Floss, damnit. It will be uncomfortable at first. You may bleed a little. Within a couple of weeks, though, your gums toughen up and it’s much easier. Floss prevents plaque buildup, which leads to gum disease and decay. Just do it, at least once a day before bed. I can get a spool of floss that lasts 6 months for less than $1. I can find a $1 in change walking across the parking lot at Walmart. There is no excuse! + +**Nails and Makeup** + +I’m not a girly girl, and my hands are in dirt a lot thanks to my major and career aspirations. Yet, my hands look nice. The old adage that employers look at your hands during an interview is based on fact, so be kind to your hands. + +· Lotion is cheap, so don’t let your hands get chapped. If they are badly chapped, smear on some Vaseline and put on an old pair of non-vinyl, non-leather gloves for an hour or two. Problem solved. + +· Clip your nails (and shape them with a file, if necessary) at least once weekly. Even working hands look better if nails are trimmed and hangnails are cleaned up. If you have a ton of hangnails, work on staying hydrated and take a multivitamin. They’ll likely go away. + +· If you like polish then do it yourself. Skip professional manicures. + +· Makeup is cheap, so really no need to stop wearing it. Just…don’t go over the top. Turn off the beauty bloggers, most are ridiculous. You aren’t a pop star so less is more. An overly groomed brow and airbrushed face may actually make you look poorer. Most true middle class people have a more natural look. For myself, I opt for mascara and tinted moisturizer only, but I know I am minimalist with makeup by all standards. it’s okay to do more. Just remember to look at the people with the type of REALISTIC jobs/lives you aspire to and emulate their look. + +**Clothes** + +Style is important, but I know from myself (and from witnessing others with a low income), that too often we go with the style that we think “defines our unique personality” rather than the style that will help us achieve our goals and dreams. I may be punk rock, but I am not the frontman for NOFX. Torn jeans, corsets and leather jackets, and a green bouffant are not going to help me out in life in the ways I need. Kim K may be your idea of the perfect woman, but what works for a person famous for being rich isn’t going to help someone struggling to get by. Which brings me to my first tip: + +· Look the part of who you want to be, realistically. So if you want to be a legal secretary, dress like one and not like Gwen Stefani, if you catch my drift. Do you want a desk job? Then look at how others with the sort of job you want dress – both at work and on their own time. This varies a lot by region. Where I live, middle to upper class peeps tend to wear nice flannels, fitted tees, or sweaters with well tailored jeans and hiking boots/trail runners, both at the office and on their own time. You might occasionally see a sports coat or skirt. Some areas are more formal. You can still go crazy for a party or night on the town with friends, but in your everyday life you need to look like the person you are working to be (You can still add your own style twist, by the way. A nose ring, streak of blue hair, or tasteful tattoo are all more accepted in our society now – just make sure to emulate how your desired financial/career class does it, not necessarily how your broke peers are doing it.) Every style you desire has a classy and a trashy version -- choose the classy for everyday, and the trashy for only when it's appropriate (like at your best friend's party). + +· Get over to a thrift store. Don’t tell me yours sucks! I’ve been in some pretty nasty thrift stores, and there is always something. You will need to go back, frequently if you are building a wardrobe from scratch. In the early days of my own makeover, I went twice a week, and sometimes I walked out with nothing. Within a couple of months, I had a 12 piece wardrobe that served my basic needs. You really, really don’t have a good thrifting option? Then look into garage sales or Facebook buy nothing groups/clothing swap groups for free to cheap clothing. + +· Learn basic mending and you will strike it rich on thrifted clothing. I’m short and always have to hem pants. Thrift stores are also home to outdated boxy shirts, but I can give them an instant face lift by making them fitted with 2 quick seams. Same for mom jeans – make them skinny or relaxed fit with a simple seam on each leg, or make pants/skirts fit better with a dart or two in the waist band. A machine makes it easier, but you can do it by hand while watching TV or chatting with friends. Some libraries check out machines and even offer classes. Otherwise, youtube will teach you everything you need to know about mending and alterations with or without a machine. + +· Shoes – first, if you are a sneakerhead or shoe hoarder, just stop. You’re broke, you can’t afford it. Instead, get a couple of decent pairs of shoes – one respectable daily shoe (not something you would see a sportsball star or music icon wearing) and one respectable dress shoe. For me in my casual region and future career field, this means a good pair of trail runners and hiking boots. I opted for plain brown leather hiking boots because when paired with slacks, I look dressy. I also went with black and gray trail runners, just because they don’t show stains and match anything else I’m wearing. For men, you may be able to get by with a pair of tennis shoes and some dress shoes. Women, depending on your style, tennis shoes and flats or low heels may be all you need. If you don’t spend a lot of time on your feet, don’t be afraid of good condition used shoes. + +**Attitude** + +Finally, attitude. If you give off the vibe of the poverty mindset, if you look beaten down, or conversely, if you act too cocky, then you are holding yourself back. Cool confidence with empathy for others should be your goal. + +· (I am not talking about genuine accents. I’m talking about the over the top affectations many of us knowingly learn when we choose our clique identity in our teens or early twenties.) Drop the affected accents and slang. If you do it, then you know what I’m talking about so don’t pretend otherwise. Talk like an educated human being and choose words that others, regardless of their age and cultural affiliations, will understand. If you aren’t actually a famous rapper, mafia boss, valley girl, New York cabbie, or any of the other personas we poor people tend to adopt to protect ourselves from the judgement of others, then don't pretend to be. The way you talk could literally be the reason your are poor. + +· Stand up straight. Your mama was right, slumping isn’t just bad for your back, it affects how others view you and it also affects your own self confidence. Set a reminder on your phone to check your posture every hour, if you have to. In a few weeks, you’ll see improvements and good posture will become second nature. + +· Watch your hands. We all have nervous mannerisms that we pick up, and I know being poor probably gave me a lot more than the average person. Always shoving your hands in your pockets? Stop! Constant nervous knuckle popping? Not anymore! Over the top hand motions when talking? Dial it back! If you aren’t sure if you have mannerism or annoying body language habits, ask someone you trust and whom you respect for full honesty (and don’t get offended if they are honest)! I'm not referring to tics or things that can't be changed, just the bad habits that anyone can develop. + +The above may seem like common sense to some, but if you come from a long line of poverty, these basic things likely weren’t learned. Classism is real. Even those that think they aren’t classist still may have some subconscious feelings that can be set off if someone meets some stereotype of poverty. Plus, many of the above issues can further add to a poverty mindset without us even realizing it. Improving your appearance won’t solve your money problems, but it can provide a confidence boost while helping others to take you more seriously – and these are the things that can open up opportunities for a better life. + +I hope this helps someone! Please feel free to add any more tips or ideas that will make this guide even more useful for us broke folks 😊 +Hi there, + +&#x200B; + +**Basic information** + +* [https://coinmarketcap.com/currencies/bogged-finance/](https://coinmarketcap.com/currencies/bogged-finance/) +* Their first website was [https://bogged.finance](https://bogged.finance), started of as a memecoin to get traction + * You can still find the buying and staking (some tasty rewards, like 1% a day) instruction there + * Don't let the phone scare you off, that was meant for the introduction of this coin +* New website is now live also: [www.bogtools.io](https://www.bogtools.io), which will be used in all communication +* Join the TG community or ask your questions here on how to buy, how to stake or to get to know more about the product + +**This week's roadmap** + +* Launch Price oracles. DONE +* Launch the new website. DONE +* New Branding for [Bogtools.io](http://bogtools.io/) DONE +* Verifiable Randomness Oracle. DONE +* Update Branding on CMC/CG/BSCscan etc. Awaiting Response +* Add Chinese Language Community Manager to our team. DONE +* Chinese Translation & Sina Weibo Setup: In Progress +* Coming Thursday: AMA with Satoshi Club +* Press Releases to BSC News and BSC Daily soon + +**Position** + +* Got in at 50c and bought the majority at 1.50. + +**Updates** + +This coin has been posted in this reddit already. However, a lot changed since then! + +* Edit (just added): They are developing charts for BSC tokens as well as limit orders for those. The chart is already live on [https://bogged.finance](https://bogged.finance) (Version 3) +* The coin only has a 5.5 million marketcap. HOGE had 400 million mcap without a working product and just hype and bigger exchange listings. Imagine what is possible once BOG gets listed on exchanges +* A whale dumped yesterday, so it's a perfect entry point. We see a lot of whales phasing out and get eaten up by smaller bag holders. Which is healthier for the coin. And at this moment a rug pull is not possible at all. +* The project didn't do any marketing yet, except for 2 smaller AMAs. However, on Thursday (so in 2 days) there'll be an AMA in a 50k telegram group ([check out Satoshi Club Telegram](https://t.me/Satoshi_club)) + * So even if you're here for the quick cash, it's a good entry point right now and you can sell it right after the AMA when it blows up +* Last night, they have released another product. The Randomness Number Generator, which is the basis for other coins to use as casino/gaming application. This is from their lightpaper: + * BogRNGVerifiable random number generation using a cryptographically secure off-chainfunction, which will be sent to the oracle when a user requests randomness. The off-chain oracle will callback the requester with the random number, wherein it can be hashed and compared with the number already stored on-chain to ensure the random number has not been manipulated in response to the user request. This can be used for many scenarios: ARGs, casino games, lotteries, and more. +* Even 2 exchanges requested to list this coin, but the founders don't want to make it a pump 'n dump coin. So they said no until they're ready for the bigger launch +* When they're ready, they'll flood the gates with their marketing. Funny note, yesterday a whale donated 9.5k BOGs in the marketing wallet. That's batshit crazy coziness from the community. + +**Want to read more?** + +Want to read what BOG is all about, check this extensive post: [https://www.reddit.com/r/CryptoMoonShots/comments/m4d6e4/bog\_bogtools\_undervalued\_moonshot\_backed\_by/](https://www.reddit.com/r/CryptoMoonShots/comments/m4d6e4/bog_bogtools_undervalued_moonshot_backed_by/) +A close friend of mine is raising cash for an already ongoing business. She is asking for $125K, but in return will pay me $150K over the course of the next two years. Another friend of mine has done this with her multiple times and she has always paid him back with interest. There is always risk in every investment, but the risk here is relatively low given it is tried and true. What other factors should I be considering before I go all in on this investment? +TORONTO, April 30, 2021 (GLOBE NEWSWIRE) -- Medivolve Inc. (“Medivolve”) (NEO:MEDV; OTC:COPRF; FRA:4NC) a healthcare investment management company that seeks out disruptive technologies, ground-breaking innovations and exclusive partnerships to help combat COVID-19, today announced that David Preiner has been appointed Chief Executive Officer (CEO), effective immediately. Preiner will succeed Doug Sommerville, who will assist as a transitionary advisor to the new CEO. As Medivolve’s CEO, Preiner will lead a team of computer scientists, engineers, and physicians to build a next-generation, data-driven healthcare system set to transform human health management across the United States... + +https://ca.finance.yahoo.com/news/medivolve-announces-appointment-david-preiner-113000178.html +Non-native English speaker here. I am simply curious about this topic so thought I should ask. + +Which sub discipline in Economics is hot right now? That is which subdisciplines in Economics has the highest number of research grants available (compared to people seeking those grants), the highest number of PhD vacancies (compared to PhD applicants) and has the highest number of jobs (in academia or industry) now and in the near future after graduation? +Millions of Americans can save more in retirement accounts next year, after inflation adjustments made Friday by the Internal Revenue Service. + +The employee contribution limit for 401(k) and similar workplace plans will jump $2,000 to $22,500 for 2023, the largest increase ever in terms of dollars and percentage, according to benefits provider Milliman. + +The amount taxpayers can contribute to an individual retirement account will be $6,500 for 2023, up from $6,000. The limit hasn’t changed since 2019. + +The 401(k) catch-up contribution amount allowed if you are 50 or older will rise $1,000 to $7,500 for 2023. The catch-up contribution limit for individual retirement accounts, which isn’t subject to inflation adjustments, remains at $1,000. + +For workers at companies that allow special after-tax contributions, and self-employed folks who have individual 401(k)s or SEP retirement plans, there is a total $66,000 plan contribution limit for 2023, up $5,000 from this year. That includes employee and employer contributions. With catch-up contributions on top, older savers can contribute up to $73,500 in 2023 to these plans. + +The retirement news follows Tuesday’s announcement of adjustments to income tax brackets and dozens of other adjustments including the estate and gift tax exclusion, made annually under formulas set by Congress. + +The higher limits offer a big savings opportunity. + +“You may not feel the pinch now, and you’ll reap the rewards later in retirement,” says Maria Bruno, head of U.S. Wealth Planning Research at Vanguard, which administers retirement plans for nearly five million participants. + +How do you plan to adjust contributions to your retirement accounts after the new limits kick in? Join the conversation below. + +In Vanguard’s retirement savings plans during 2021, 14% of participants saved the maximum amount of $19,500 ($26,000 for those age 50 or older). Six in 10 participants with income of more than $150,000 made catch-up contributions. + +Thirty-seven percent of households owning traditional IRAs or Roth IRAs in mid-2021 made contributions in tax year 2020, according to the Investment Company Institute. The median contribution amount was $5,000. + +The inflation adjustments also apply to the income thresholds that determine whether taxpayers can deduct IRA contributions on their income tax returns and whether taxpayers can contribute to a Roth IRA. + +In 2023, the deduction for taxpayers making contributions to a traditional IRA is phased out for singles and heads of household who are covered by a workplace retirement plan and have modified adjusted gross incomes between $73,000 and $83,000, up from between $68,000 and $78,000 this year. For married couples filing jointly, in which the spouse who makes the IRA contribution is covered by a workplace retirement plan, the deduction is phased out for taxpayers with income between $116,00 to $136,000 for 2023, up from between $109,000 to $129,000 this year. + +For a saver who is not covered by a workplace retirement plan and is married to someone who is covered, the deduction for traditional IRA contributions is phased out if the couple’s income is between $218,000 and $228,000 in 2023, up from between $204,000 and $214,000 this year. + +For Roth IRAs, where the money you contribute is after tax, eligibility to contribute is based on your income. Once you are in a certain income range, the amount you can contribute to a Roth IRA is reduced, until you reach the income level where contributions are no longer allowed. + +In 2023, the Roth IRA income range where eligibility phases out is between $218,000 and $228,000 for married couples filing jointly, up from between $204,000 and $214,000 this year. For singles and heads of household, the income range is between $138,000 and $153,000 in 2023, up from between $129,000 and $144,000 this year. + +If you earn too much to get a deduction for contributing to an IRA, you can still contribute—it just won’t lower your tax bill. + +If you earn too much to open a Roth IRA, you can open a nondeductible IRA and convert it to a Roth IRA in a move known as a backdoor Roth IRA. + +The adjustments are designed to keep your retirement savings on pace with inflation. “If investors can increase their contributions, that money has the power to compound immensely over time,” says Ms. Bruno + +https://www.wsj.com/articles/inflation-causes-irs-to-raise-contribution-limits-for-401-k-s-and-iras-11666368024?mod=hp_lead_pos11 +If you want to avoid a capital gain tax on selling a rental property, they say 1031 exchange is a good choice. However, you don’t get a cash out as much as compared to selling a house. Although, on 1031 you might grow your investment portfolio and extra cash flow from rent. Is it still better to do 1031 rather than selling to simply avoid the tax? What do you do in the end? You keep exchanging it until you die and give it to beneficiaries? +Are stocks like APPL, MSFT, NVDA “enough” or do you really mean we should focus on stocks that don’t pay a dividend at all? + +My portfolio right now is: APPL, PEP, MPW, O, MDT, JNJ, MSFT, NKE, NVDA + AMZN, GOOGL and TSLA + +From all of these, the stocks with a higher growth after my first year investing were the ones that do pay a dividend, and even if my dividend return is still very low (take into account that I’m a student and my choices don’t have the highest of yields) I love seeing it grow and reinvesting. These 3 additional dollars I can invest every month motivate me so much. + +I’m thinking of selling my “only” growth stocks and put that money in APPL, NVDA and MSFT. Will I be missing out on big gains in the near future if I do so? +January bag holder here. We used to talk about this more in the other subs and I felt like it was common knowledge. I’m not smart enough to have research this myself but I looked it up again because there seems to be a lot of shit talking and confusion. + +Ryan Cohen and RC Ventures entered into a Standstill Agreement on January 10, 2021 that has a long list of provisions that essentially prohibits him from speaking out directly. + +Specifically, he is not allowed to influence voting or board votes and another long list of activities until about March 1, 2022. + + +[https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm](https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm) + +So for everyone wondering why things are quiet, this is why. + +Here’s the deal. + +This week sucked. Next week is uncertain. The DTC/other colluders rules we’ve been waiting for don’t appear to have made a difference in hedge fund fuckery. We took a beating. + +I bought my first share at $350. I held to $38. + +I want tendies. But I’m not fucking leaving over this. Never. I’m out when the share price looks big for Kenny and his pals, not when it looks big to me. That’s the only way I’m selling. + +And you know what? I trust Ryan Cohen. I know he has a plan. I know he will do right by us. + +He isn’t talking to us because he can’t. But he is communicating. And it’s going to be fine. Better than fine. It’s going to be fucking glorious. Life altering. + +It’s coming. Changing corrupt financial systems and taking down evil villains ain’t easy. That’s why super hero’s have movies about them. Shits hard. + +It’s Friday. Go fuck off. Have a tasty beverage. Get some sun on your face this weekend. Get laid if there is someone who will enthusiastically consent to fucking you. Or just willingly consent. + +Tomorrow is a new week. NFT week. Could be nothing. Could be everything. Everything is coming. + +In the meantime, dream your dreams about what you’re going to do with your tendies. + +I’m fixing this fucking planet I love so much. Apes are going to find a solution for climate change. I’m going to be a part of that movement. I’m making my plans. + +You do you. There’s lots of broken shit in this fucked up system. + +Come back Monday ready to hype. + +TL;DR: Papa Cohen can’t say anything publicly until around March 1, 2022. + +Wen moon? Soon moon. + + +Edit to add: because I am spelling everything out….remember, Kenny and his buddies aren’t going down easily or we’d all be rich by now. + +Everything needs to be above board so that GameStop and RC don’t get sued. I’m sure they will get sued but the goal is to not have anything substantive behind it. + +He also has to watch what he says to the SEC doesn’t get him for market manipulation. He has to watch his mouth to protect us and protect our tendies. + +Elon has gotten in trouble for this. And RC is smarter than Elon so he is walking a finer line. + + +Second edit: some of you seem to think the Standstill Agreement ends after he became 🪑👨. It does not and if it’s amended or changed it would be filed with the SEC. + +The Standstill Agreement protects GameStop from a hostile takeover. Hostile takeovers of corporate boards are a whole other post. This is a not so hostile takeover. + +Other chairman and CEOs can speak out because they didn’t buy shares to join a company. They don’t have Standstill agreements. +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. +It’s Summer, 2016, and the DAO goes live. A small part of Ethereum’s tantalizing potential has come to life before the world’s eyes, ushering in a new era of digital innovation. + +The Champagne barely has time to flow before an iceberg appears out of nowhere. The DAO crashes, and for a brief moment it’s pure hell. + +An unsettling quiet descends on the aftermath. *What do we do now?* + +In a subsequent feat of cooperation both rare for crypto and validating for Eth in particular, the foundation seamlessly executes the hardfork and makes the community whole. + +While technically a success, the contention spawns ETC, an Eth-Alt that threatens the legitimacy of the forked chain. + +While wading through this fresh quagmire, the network gets hit with a denial attack. And then another. On top of another. + +You watch in horror as hard drives literally go up in smoke trying to sync the network. + +Now, Eth is in full retreat. The technical team beats back the attacks, while the community stretches to the limit defending against ETC shills. + +It looks really, really bad. + +--And then it gets worse. + +ZCash goes live, offering a new chain with intriguing new tech. Many in the community transition to ZEC, electrified by the possibilities but, more importantly, seeking safe distance from Eth’s radioactivity. + +Network hash drops nearly by half overnight, and markets stagnate. A 100% loss is now a legitimate possibility. + +November doldrums lead into December despair. Eth hits a low it may never recover from… + +--- + +Someone explain how the current pool of news, taken at aggregate, is anywhere near as bad as any one of the several existential threats outlined above. + +To put things in perspective, network diff was around 60 T during the late 2016 lows. Look at it now. Look how far Ethereum has traveled. Look at how much strength it has now relative to then, and explain how any recent turn of events can “kill crypto” or send Eth back to where it was a year ago. + +Ethereum rose from those ashes because it is the genuine article, the real thing. It was bolstered throughout 2017 on real, genuine news: A large, talented, energized and ever-growing developer pool. Active pilots by Fortune 100 companies. + +Now add to that the slew of positive news in 2018. Even the SEC and G20 have taken measured and encouraging tones. This fear of regulation is way overblown. + +Governments understand network effects all too well. To successfully squeeze or even quash crypto, they’d have to act as soon as possible. If they see crypto as malignant in any serious way, they would have already set that tone, and their testimony if anything is the opposite. + +This is a downturn like others, catalyzed primarily by an overheated market, post-holiday fatigue, political undulations and taxes. 2017 is almost certainly the biggest year yet for crypto taxes; don’t discount the effect it’s having on this market. + +tl;dr – Ethereum has seen much worse. There are no existential threats currently live, on the table, or on the horizon. Short-term factors drag the market down in the short-term. They will evaporate soon enough. +So, if you had two currencies. One with a max supply that was slowly issued with the rate of inflation decreased each year till zero, and a second with a fixed rate of inflation. The idea is the people that accumulate the first use it to borrow the second to make investments. + +Would most likely be more complicated in reality with multiple lending protocols interacting with each other. Also the second currency pushes the inflation five to ten years off into the future. So, you're incentived to invest the second or buy longer duration bonds in the second to acquire above average inflation. + +Wouldn't such a system work? Wouldn't the first be like gold, and the second stimulate the economy to push up the price of gold? +Just bought my first house and figuring things out as i go. Never heard this method but it kind of makes sense. Is there any negatives to this? Yes an offset with card would seem more convenient but like he says you pay for an offset and also wouldn’t get the points from spending on the credit card +With the current gas crisis being added to the logistics crisis. Along with feed in costs from global commodity prices, as well as wage growth inflation. And to top it off China seems to be showing it's first signs of debt issues. Do we feel that we are looking at the inevitable end of the party or do people feel that this bull has further to run before the market turns bearish? I know that the real answer to this is I'll tell you once it's happened but I just wanted to hear peoples opinions on this. + +For my tuppence I still think that until interest rates hit 2 or 3 percent equity prices are going to be pushed up and the current pullback will be seen as a buying opportunity, however I do feel that we may be closer to the end than the beginning of the bull market. +[Previous Post](https://www.reddit.com/r/IndiaInvestments/comments/jl0l1n/help_and_advise_needed_with_home_loan_india_bulls/) + +Broke an FD that my parents had and paid the loan in full. Though the loan is closed, I am still seething with how Indiabulls conducted themselves throughout this episode. + +Thanks to all those who took time out and wrote on the original post! +She had lost all hopes but I told her there are ways she can get it back. But honestly even I don't know if she can get it back or not. + +She has sent me the photos of deposit certificates. And I said I will look into it. Can someone pls tell me what should I do to get that money back? Is it even possible? +**Just as an example, if you have:** + +- a $5,000 balance on a credit card + +- with a 20% interest rate, then + +- paying JUST the minimum (let's say 3% of the balance, which is $150 for the first payment), + +- **it would take 183 months (that's 14 YEARS) to pay off the card, and you'd pay $5,601.51 in interest alone.** + +*This is because the Minimum Payment goes downs as the Balance goes down.* THIS IS WHAT THE BANKS ARE HOPING YOU WILL DO!! + +So after making the first payment of $150, your next minimum payment is $148, then $146 in Month 3, etc. + +**BUT, if you just keep a constant payment of $150, you'll pay off the card in 48 months and spend $2,164 in interest.** + +**This will shave over 11 years off the time it takes to repay the card, and save you $3,437.51 in interest.** + +*Paying even a small amount over the minimum payment each month goes a long way.* + +More examples: + +Paying $175/month ($25 extra) cuts your payments down to 39 months and saves you $3,914.51 in interest. + +Paying $200/month ($50 extra) cuts your payments down to 32 months and saves you $4,226.51 in interest. + +**I know you hear this time and again here in PF, but paying the Minimum Payments is a Lifetime Debt Sentence.** + +*And paying extra each month gives you an emotional "win" that will help you keep moving forward.* + + +**____________________________________________________________________________________** + +**EDIT #1:** +**Of course, in a perfect world, no one would carry a balance on their credit cards, and would only use them to get Cash Back Rewards and Travel Points and Airline Miles and a date with Olivia Munn**, but this post is geared towards people who are facing high balances already, and to show them that you CAN make serious progress by implementing one or two good strategies. + +**EDIT #2:** +Wow, I definitely did not think this post would [Jennifer] Garner any attention. (Get it?! She's a shill for Capital One's Venture Card! **"WHAT'S IN YOUR WALLET?"** Nevermind.) + +**EDIT #3:** +Thanks to everyone who upvoted, and especially to those who responded. Someone sent me a screenshot that this was on the Reddit Front Page last night, which I definitely didn't see coming since there isn't a video of a cat singing "You've Got a Friend In Me" to a baby sloth anywhere in this thread. But seriously, [this will brighten your day](https://www.reddit.com/r/videos/comments/5pv7tj/dad_and_4yearold_daughter_duet_youve_got_a_friend/). + +**I can't emphasize enough (and I know it's stickied right below this post), how important it is to read +["How to Handle $"](https://www.reddit.com/r/personalfinance/wiki/commontopics)** + +**95% of what the average person needs to know is right there on that page.** +And while a lot of it seems like common knowledge (as dozens of you have pointed out), for some people who were never guided properly in how to handle their financial life - it just isn't. +In my opinion, just like Personal Relationships, Personal Finance is a very complex issue that often has rather simple solutions - you just have to see them, and then make the effort. +*Let's try to keep supporting each other - and reserve judgment whenever we can*. ***You don't know what other people are going through***, and comments like, "u r all dumb I pay my cards every month and if u don't u need a brain transplant" aren't helping anyone. + +This is only one of MANY strategies that can be used to tackle debt, and it is only an example. In order to draw up the example, I had to pick some numbers, such as the balance, the APR, and the minimum payment %. This example is actually not nearly as heinous as many Credit Cards out there, which have minimum payments that are much lower than 3%, and all but trap you in a cycle of paying *just enough* to keep you card right near the limit. + +In those examples 14 years looks like no time at all. + +Here are the Online Calculators I used to find these numbers: + +[Minimum Payment Calculator](http://www.creditcards.com/calculators/minimum-payment.php) + +[Snowball Calculator](http://www.whatsthecost.com/snowball.aspx) + +I encourage you to plug in your numbers and see how they change based on different payments. +Please realize that no amount of money is worth losing your life over. If you’re feeling stuck, I promise you there’s a way out. Ask yourself: what do you like to do? Do you like people? Look for a sales job and work your way up. Do you like traveling? Try and save some money, move to Latin America (edit: or somewhere else abroad) and teach kids English while living in a much more affordable tropical place. Feeling isolated? Reach out to one person who you would be happy to talk to. There are always solutions. + +I know it’s easy to feel isolated, especially now. But I love each and every one of you, and I don’t even have to know you personally because you are all my brothers and sisters from a cosmic perspective. + +If anyone is feeling down, please DM me and id be happy to chat. No one should suffer alone. + +Edit: so happy to see so much love on this post. Thank you all for the awards. + +Also, I am not trying to offer a one size fits all solution to depression/anxiety. I was in a very dark place after my sister died and was dealing with a bunch of external pressures that exacerbated my anxiety/depression. I am just trying to give EXAMPLES of questions one COULD ask themselves if they are feeling stuck, from my perspective. + +I may be overly optimistic, but I believe the universe has a place for each of us and no harm can come from continuing to hope for a better tomorrow. Peace and love my brothers and sisters. + +Second edit: +This post goes out to all people suffering from anxiety/depression and/or suicidal thoughts and is not just limited to those who are active in the stock market. Love you all + +Third edit: +I love you all so much. + +This edit is for the person who made the following account (u/Many_Technician_4065) and messaged me. I was responding to your message and just as I clicked it, it said you had deleted your account. Your words spoke to me so deeply and I wanted to post my response here in the hopes that you might see it. I hope you do: + +I just want to say you are a beautiful writer and what you said really resonated with me. “If I want to kill myself for some reason that is at its core superficial, maybe I should live for an equally superficial reason just to see what happens. Maybe the prospect that I can do what I know I’m capable of.” That is a very similar sentiment to absurdism by Albert Camus and honestly is a lens through which I see the world. + +The chances of us being born, exisiting on this strange rock suspended in a sun beam, were so infinitely small yet here we are. Yes, there may not be any objective purpose but here we are and that’s pretty fucking special. I know you said I don’t care about you, but I promise you I do. I care that you took the time to message me and share the beautiful inner workings of your Mind with me. I care that you and I are both 2% genetically different than chimps, evolved from bacteria in the ocean yet here we are, helping each other out and connecting. I really do care, and I appreciate your existence so much. +Sup apes + +Not financial advice, I'm financially and literally illiterate. literally. + +As the title suggests, it is **mandatory** to play this song before reading : [https://www.youtube.com/watch?v=oVaBgcJwkI4](https://www.youtube.com/watch?v=oVaBgcJwkI4) + +mobile apes, here's a spotify link: [https://open.spotify.com/track/5lLNBIyjp72btcnrjBG751?si=9adfe92dc69943e5](https://open.spotify.com/track/5lLNBIyjp72btcnrjBG751?si=9adfe92dc69943e5) + +Title felt fitting, I've got a lot to go over, so without further ado, let's jump right into it! + +If you follow me for regular EW updates, you'd be wrinkly enough to remember that in my "return of the uptrend" post, I said that in order for the uptrend to remain in tact, it was **imperative** that we hodl above 197. Here's the direct quote if you missed it: + +"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 (197), or the move is invalidated." + +Where did we bottom on friday? + +[1m](https://preview.redd.it/74si1n35d3871.png?width=2794&format=png&auto=webp&s=79e0188ef7e65035fa8cef1dd78699dfce642feb) + +198.5. + +Nice. + +So the uptrend is intact, though in the grand scheme of things this doesn't really change anything if we broke below. All this does is solidify the uptrend, as higher lows relative to our recent low is quite literally the definition of an uptrend. + +I don't quite know where to start, I guess I'll go from today. + +If you follow me on [twitter](https://twitter.com/gavinmayreal) for intraday analysis, I took a closer look and am providing updates here. + +I initially made the assumption that our move to the high of today was a 1234 impulse, which would put 5 finishing somewhere around 228 (on an intraday time frame). What I believe is actually the case is the move up to 224.45 was a minor wave 1, you can see this by the notations in blue numbering (i) to (v). + +I see it this way as the move at close on friday was actually a hyper extended minute 3. If you watched my EW tutorial video, I briefly touched on this subject. Mass hysteria in markets can result in hyperextended waves, that target the 4.326 extension of wave 1. Visualized below, you can see this happen friday: + +[hyperextended minute 3](https://preview.redd.it/8kgn4dg7d3871.png?width=2796&format=png&auto=webp&s=0b53e6216f75e9b96771cbec252955844a36594f) + +This lead be to believe that there wasn't too much upside left in the move, sure enough we topped out intraday at 224.45. + +So wut mean for tomorrow you ask? + +First of all, this is intraday waves, so for one it really doesn't matter, but pay attention because remember, smaller targets come together to identify future larger scale targets. + +My thinking for tomorrow, given that todays peak was a minor 1, we can expect our minor 2 to retrace at least 50% of the move, though ideally 61.8% of the move. + +Tying this concept into different types of corrections, the typical correction in ABC form is the A = C, or a 1:1 extension of A. + +Visualized you can see the 61.8% target and the 1:1 target of A, they land very close to each other which confirms my bias in the analysis (look at the letters in red) + +[30m](https://preview.redd.it/waqhrd2ad3871.png?width=2790&format=png&auto=webp&s=2adaf9e3889a1229120b5baa8cbab33fb2452851) + +So, not only does this mean that we can expect a nice little discount towards the beginning of the day tomorrow, but the overarching setup is screaming BUY! + +Remember how I said it was imperative we hold above 197 for the trend to remain intact? because we did, that means that after the minor wave 2 completes around 208.5 (assuming we target the 61.8 level and not the 50 or 78.6, it really doesn't matter haha), means that the setup is technically a 3 within a 3 within a 3 within a 3 (nice) + +This puts the intermediate (3rd 3) at a minimum of 227, though the 1.618:1 extension comes out to 245 (note the (3) annotation): + +[1hr](https://preview.redd.it/m0ago9sbd3871.png?width=2816&format=png&auto=webp&s=fbe9b5028166cae497a2b170360f059b2cdf5910) + +What I'll be watching for is holding above 197 still, other than that I'm inclined to believe the visualized count is correct as no rules of EW are broken, and all targets have checked out thus far. + +It is entirely possible we don't retrace to the 61.8 level and we witness something called a flat corrective 2 wherein the A and C hit the same level, in this case around 212 (technical traders refer to this as a double bottom, a buy signal) + +After the C wave completes, the 3 within a 3 within a 3 within a 3 begins. This will also likely take place tomorrow and Wednesday. idk about you, but I love Wednesdays. + +Now let's talk bigger picture. + +[4hr](https://preview.redd.it/32f2k64dd3871.png?width=2800&format=png&auto=webp&s=9c04a447363222ffa65d2eb35239a039abbda9be) + +4hr + +Looking for some study material on bullish charts? look no further. + +I've never seen a chart more bullish than this. seriously. I get hard thinking about how explosive this is gonna get when we get volume upticks. + +There are a bunch of targets to watch out for, but the major ones I'm watching for are 428, 484, 517, 572, 660, and 862. + +I think everything before 862 isn't super relevant tbh, I only say this when comparing GME to the movie stock. There has been some work to show there is a correlation between the two, and that GME is lagging a few weeks behind said ticker. + +Using this same ideology, eyy emm sea hit the 1.618:1 extension of its january move (35 ish) before retracing to 22 then 70. This was a 12345 impulse with a slightly extended 3rd. + +By this logic, GME is still in its biggest wave 3, which at a minimum is targeting 547, though using the movie stock as a precursor, that puts GME at 862. + +Note though, movie stock 35 correlates to GME 862. not current prices. + +nice. + +I'll need to see where GME retraces to after said move is complete, though it'll probably go a little something like 862, 600 ish, then break into the thousands. + +note, THIS IS NOT THE SQUEEZE! These are all pre squeeze targets. + +Something else to note, friday we finally filed the minuscule gap up I mentioned a few days back, visualized by the tiny green box: + +[BULLISH](https://preview.redd.it/4k3di9dyd3871.png?width=2812&format=png&auto=webp&s=319fbf8ffcdbc0c06f7ed2c39a37b7c0a2c9b15d) + +If you're a true OG and have been following me for a while, you know how I always emphasize gaps, and how GME has a tendency to fill them rather quickly. This was the only gap to the downside that had to be filled. + +Now you ask, wut mean, and are there any more? + +In short, when the gap to the downside fills, now stonk can go up. + +There is a gap on the DAILY chart around 300 from a few weeks back, in the image below I highlight all daily chart gaps so you can visualize they do always get filled: + +&#x200B; + +[DAILY gaps](https://preview.redd.it/uhfxxoppe3871.png?width=2794&format=png&auto=webp&s=aed6a9a8d9ea89db6525a3a304b65699a2610e35) + +these are only daily gaps, not intraday. all intraday gaps are filled. + +For smoothest of brains, we can expect resistance at 286 and 292, but once we break this level, it then becomes support. + +GME is starting to get pushed on (double u ess bee, automod blocked first post) again too, which is interesting. Seems like the only thing the shills can do at this point is encourage day trading, which I do not endorse. + +Personally, I could have a much larger share count If I sold upon target confirmation, but this is not the way. The way is buy and hodl. I love every price I see, the lower the better. + +Let me repeat that. + +Do NOT day trade/swing trade GME. By selling, you allow shorts to close their position. By holding, they are forced to find another source to short from, or just create synthetic shares. I for one love when they pump more fake shares, it's just more shares that have to be bought back later. So by all means, keep flooding the market shitadel. I know you're reading this ;) + +I think I covered everything. In short I like the stock and am incredibly bullish on said security. I will not sell said security until it reaches 8 figures, and when this happens I will only sell a small portion of my xxx shares for the sake of the infinity squeeze infinite money glitch. + +Imagine finding a GTA V modder who dumps money bags on you and suddenly you can buy every car at west coast exotics. In this scenario, we found the modder, he's just hesitant cause he doesn't wanna get banned from the game entirely. But you know he'll do it anyway and likely get permabanned... + +TLDR: buy and hodl, moon soon, godly setup, don't day trade, be nice to each other 🚀 +https://www.bloomberg.com/news/articles/2020-03-24/boeing-doesn-t-want-government-to-take-a-stake-ceo-calhoun-says + +> Boeing Co. doesn’t want the U.S. government to take a stake as the planemaker seeks assistance to grapple with effects from the new coronavirus, according to Chief Executive Officer Dave Calhoun. + +> “I don’t have a need for an equity stake,” Calhoun said in an interview Tuesday with Fox Business. “I want them to support the credit markets, provide liquidity. Allow us to borrow against our future.” + +> He indicated that the Chicago-based company wouldn’t accept aid in exchange for the government owning a share. “If you attach too many things to it, of course, you take a different course,” he said. + +> Congress has struggled to come to terms on a massive stimulus package to aid businesses and individuals struggling with the economic fallout of the outbreak. House Speaker Nancy Pelosi said Tuesday she was confident a deal would be reached. + +> Boeing, which is seeking $60 billion in aid for the aerospace industry, said Monday that it would shut down its Seattle-area manufacturing hub for two weeks after a worker died of coronavirus complications. The company has suspended stock buybacks and dividend payments, while Calhoun and Chairman Larry Kellner have given up all pay until year-end. + +> Its shares surged 16% to $122.89 at 10:29 a.m. Tuesday as the market rallied on signs that Congress was near agreement on a stimulus bill. Boeing had plunged 68% this year through Monday, the worst performance on the Dow Jones Industrial Average. +Say if I have a credit card with a 10k limit but I keep paying off dues everyday instead of waiting for bill generation, will I be able to use more than this monthly limit of 10k within that month without facing additional charges? + +If it is possible wouldn't that help with getting credit card usage rewards faster and increase my cibil score? + +Update: Thank you for all the comments. From what I can gather from them: + +- It doesn't affect your CIBIL score because they only look at the bill generated. + +- Don't let the bill be 0 as it will make it seem like you are not using your credit card + +- Don't let the bill be really close to the limit as that doesn't sit well with CIBIL either. + +Update 2: + +- From certain comments and googling, using less than 30% of your credit limit on your bill gives the best CIBIL scores. + +Update 3: + +- This is a possibility from one certain comment: If you make a huge spend close to your limit, that might get recorded and negatively affect your CIBIL score even if it's not part of the bill. I'm not sure about this tho. + +- It's advisable to use the increase in CIBIL score to get a higher limit card or multiple cards to give more leeway for your usage and maximize rewards depending on your bank. (Of course make sure you don't spend more than what you have/will earn.) +Did you take out your 10k super during COVID? What did you use it for? Did you regret it? No shade if you genuinely had to withdraw it to get by but I know there were a lot of frivolous withdrawals. +I was looking at buying a growth ETF but after reading for a bit I think a value ETF would be better but I'm not sure which ETF I should get. I was looking at: + +* VIOV - Vanguard S&P 600 Small Cap Value ETF +* VOOV - Vanguard S&P 500 Value ETF +* VTV - Vanguard Large-Cap Value ETF + +Are there are any other better ones that I should look into or should I get one of these? +I’m asking because while all the articles are being pushed down our throats, there’s one little thing that doesn’t make sense to me. + +How will they ‘crash’ when the demand is still there and the supply is limited? It doesn’t make sense, it’s literally economics 101. Furthermore there’s literally a rental crisis, it’s becoming cheaper to own a home and pay off your mortgage than to rent! This would further push people to buy. + +I live in Queensland, currently since April, our little suburb has had 4 new properties be listed. While the demand is roaring, they are listed for less than a few days because they get snatched up straight away. + +To me, this doesn’t make sense? Sure a crash may happen, but not until there’s a supply correction along with a rental correction. + +Supply is limited, demand is high, and yet prices will crash? It feels like a smokescreen. +Long time coder, long time stock dabbler (buy and hold). I have been wanting to build a trading bot for long time. I started reading Unknown Market Wizards (incredible book series) and immediately realized I have no clue on strategy and proper risk management. The code is the easy part, the strategy is the hard part. + +What are the top 5 best resources you would recommend someone should use to get started in developing an algorithm? I am primarily interested in cryptocurrencies. + +It seems like there is no silver bullet, e.g. TA alone doesn't work, Machine learning overfits, etc. What does one need to learn to create a decent strategy? +I’m(23f) is such an idiot. AN IDIOT! This month I picked up a second job because I have a few things I’m trying to pay off. I thought I was doing well when I budgeted enough for my bills and to pay off the things I’m in debt for. But since following this subreddit, there was this one post that made me want to take a harder look at what I’m spending my money on. $742.57 is what I’ve spent this month on food and other miscellaneous things. I’m sick to my stomach realizing the amount of money that has flown out of my pockets this month and August isn’t even over yet. I thought spending $2 here and $10 there wouldn’t make a significant difference, but it does. It makes a HUGE difference and I’m glad that I know now than never. I’m sorry but I had to rant about this. I know my mistakes and I won’t make them again. God man I’m such an idiot + +Edit: Thank you all for your wonderful responses! Didn’t think this post will be so well received and reached out to so many of you! So much helpful advice has been given in the comments and I really hope this post has helped others as well. Thanks for helping me feel less of an idiot by not criticizing my mistakes and instead, helping me to do better. Because of everyone’s great advice, I do plan to open a second bank account later this week and budget in a small amount to myself for treats. Thanks so much for all the help by every single one of you! I greatly appreciate it and hope others are inspired as well on creating better budgeting skills. Much love :) +Also, when taking about value investing, are we always talking about book value? that is what the definition on investopedia says. If I invest making a projection of future cash flows, is that value investing? Thanks. + +&#x200B; + +[https://www.investopedia.com/terms/v/valueinvesting.asp](https://www.investopedia.com/terms/v/valueinvesting.asp) +Lets have one thread for all the discussion. + +Appreciate there will be some political commentary but please keep it relevant, polite and non-abusive. If it gets too political posts/threads will be removed at mods discretion. +So, after [this post ](https://www.reddit.com/r/IndiaInvestments/comments/sg709k/parag_parikh_flexi_cap_fund_stops_all_forms_of/?utm_medium=android_app&utm_source=share) yesterday, I resumed my SIP on Coin for PPFAS but it was changed to AMC SIP. + +According to [this article](https://support.zerodha.com/category/mutual-funds/coin-web/general-questions-coin-web/articles/amc-sip-option-on-coin), it doesn't have that many modify options as SIPs normally have at Coin eg, changing date and SIP amount and also, to pause kr resume SIP + +Also, [this article ](https://support.zerodha.com/category/mutual-funds/starting-an-sip/articles/what-happens-once-an-amc-sip-is-created) says, that there needs to be 30 days between two installments. So, if this month's date is on a 7th Feb, say a non business day which means, it wil l be processed only tomorrow or day after ie., 8th or 9th Feb, then next installment will not be processed on 7th March as 30 days have not been over yet. So, next order can only be on 7th April. But am I not losing in the process by way of less installments ? + +And I don't have a bank mandate with this SIP. With so much confusion when orders will be processed or not, can I still do manual SIPs ? + +But I am not sure about its benefits vis a vis a normal Coin SIP, now that I can't change the amount or date according to my convenience. + +This post is for information for those who were looking forward to start new SIPs on Coin for PPFAS + + +Edit - why is this post getting downvoted? It's not a low effort post .. some of us might not understand the difference between Amc sip and sip and hence this post. +I am sure I am not inventing anything here, but I wish I would have known this a few years ago.... + +I recently discovered the 1.5% cashback on my Capital One credit card, which also has no annual fee, has some meaningful value if applied strategically. I put all my family's monthly expenses on this card and then I pay it off weekly so I am sure not to earn a penalty or get behind. I track all my predicted and actual expenses on an Excel spreadsheet and can easily predict cash flow for the next two months. + + +With fuel, insurance, grocery, maintenance, child care, etc, hitting this card monthly, I earn WAY more than my dividend portfolio does each month. I then use the rewards to pay part of the credit card bill and transfer that same amount from my checking into my Vanguard to buy a high-yield dividend stock-- currently ORC. + +It ONLY works if you pay the card off in full each month. Otherwise, the high-interest penalty will make you upside down before you know it. + +I count the rewards as a free dividend and put it to work for me long-term earning additional dividends each month. + +Anyone else doing this? + +Last month, my portfolio returned about $20 in stock dividends and my rewards credit card earned about $130. I had not considered the rewards payment as a "dividend" when looking at my portfolio before-- but now that I do, I find lots of joy seeing $150 free dollars. +I remember during and after the 2008 GFC, Australia was doing surprisingly well. We were on parity with the U.S dollar at a time, had some of the highest interest rates in the world, generally did quite well under Rudd and Swan. + +What do you guys think will happen to Australia in the future? + +I think we are positioned quite well. We are living up to our name of being the lucky country and with our low rates of covid, I think things might not get as bad as some have thought. + +Here is my theory - + +In due course there will be increased travel bubbles. This will rescue the tourism industry. Due to limited supply of tourist locations and increased demand to get out of the house, tourism should boom (figuratively). + +Our population is quite small and spread out, so when the vaccine arrives we will be much better placed to spread it across to those that need it, particularly with the reasonable education levels we have. Unlike the U.S and Europe, which has high density living with larger populations. + +Australian mining is largely unaffected by covid, unlike in Africa, Brazil etc and China's is going strong. Chinese stimulus should equally stimulate Australia as demand for raw resources shouldn't fall too dramatically. (although there is the further risk of trade tensions) + +Our big competitors in South America and Africa had weak economies anyway so for them, covid is only the tip of the iceburg. + +Conveniently Australia was briefly at a stimulus so we were at the ideal time to take this financial hit (although money doesn't appear to be as targeted and I suspect loyalty to drip down economics is poisoning some of the benefit we had in our early position.) + +Additionally the Royal Commission into banking prior to Covid was also serendipitous as the banking sector was forced to confront some of their issues in advance. + +So from my brief analysis, I'd say the ASX is one of the safest markets in the world and I'd also bank on Aussie property to retain it's value - (excluding certain regional areas that were on the decline prior to covid) + +Although our government has it's corruption problems, we are somewhat addressing them which is fantastic. I am generally fairly optimistic for the future and the jobs market. + +What are your thoughts? +Nobody wants to believe it’s true but it’s becoming obvious that investment property as a source of income is fast becoming a mug’s game. + +And the more you pay for the apartment or house in the city, the more of a mug’s game it is. + +It’s the flip side of a mind-bending acceleration of residential property prices over the past two decades that has now left us with yields (or income from the property expressed as percentage of the property price) that are at unprecedented lows. Yields are better as you move to the city fringe and regional areas, but the majority of investors have their money sunk into buildings in big-city districts. + +We already know that cash as an income proposition is hopeless, but the miserably inadequate ­income to be expected from property is a comparatively new development. + +The accepted wisdom for investors has always been to build equity — that is, to work towards owning a property outright. But consider this: a few days ago in the Wealth section we published a contribution by Rodney Horin, who is an adviser at Sydney-based Joseph Palmer and Sons. He mentioned the case of a 57-year-old divorcee with two dependants who had come to him for advice. + +The problem: she had $3m in investments and did not make enough from the portfolio to support herself. Hardly a case for community-wide sympathy, you might reasonably suggest, but here’s the issue — she was only making $70,000 a year from the portfolio and that is considerably less than the national average wage of $85,000. + +Most investors would like to think if you have built — or owned — an investment portfolio worth $3m you would be able to live very well indeed. + +Not so. It turned out most of the money was in very expensive Sydney residential investment property and cash. Horin has recommended she sell property and reinvest in the sharemarket to double her annual income. + +We had hundreds of comments on this story. In short, most readers found it hard to believe the numbers could be so bad. + +Just days later in our weekly podcast The Money Cafe (which I do each week with Alan Kohler), we had correspondence from Mark. Here’s a verbatim extract from Mark’s email: “My father saved for his retirement by purchasing property. Old school, he did not trust the stockmarket. + +“He has $3,000,000 invested in residential property earning 2.1 per cent before expenses. that is, $63,000. + +“Expenses are 0.5 per cent, leaving an income of 1.6 per cent, that is $48,000. + +“But then there is land tax, $25,000, leaving him with an income of $23,000.” + +On Mark’s numbers, the 57-year-old divorcee advised by Horin was doing quite well! + +A deep problem + +There is a deep problem here. Put simply, an older generation who thought they could live off income from investment property are very often extremely disappointed in the reality of investment property ownership. + +Of course, this group has the option to sell and make a profit, which was probably never the plan but may soon have to be. + +A later generation who are buying at the levels where the yields are less than 3 per cent and trying to make it work by hoping for good price appreciation coupled with negative gearing have bigger problems — they are unlikely to make the profits of older generations and the income proposal is hopeless. Perhaps negative gearing can improve the numbers, but with mortgage rates at 3-4 per cent the tax deductions are not what they used to be when rates are so low. + +What on earth is happening? It’s the direct consequence of our artificially low interest rates, which have created a unique set of investment circumstances. + +One way to get a grip on this is to think of city-based residential investment property in the same way you might consider a stock that has surged on the sharemarket to a point where the numbers are stretched beyond belief. + +You can compare investment property to CSL, the new champion of the ASX, CSL’s share price has doubled in the past year. CSL is now on a price-earnings ratio of 54 times earnings and pays a dividend yield of less than 1 per cent. + +AMP chief economist Shane Oliver has just published an interesting exercise in which he attempts to explain residential investment property on the same metrics as shares. Oliver points out that this era of low inflation and low interest rates can go a long way towards justifying the elevated prices we are seeing and he reminds us that shares are still not expensive relative to bonds. The forward price-to-earnings ratio of our market is on more than 18 times earnings. + +On Oliver’s calculations, if we try to create a PE ratio for residential investment property, the PE is a whopping 50 times for residential property compared to about 12 times earnings a few decades ago. + +To put that another way, residential investment property is like investing in CSL for income! + +As Oliver says, “lower rental yields point to more constrained returns from property on a ­medium-term basis”. + +Sure, we will take that on board. But the point to keep in mind is that those constrained returns relate to when you sell the property. + +As for trying to make an income from it in the meantime, owning property and hoping to make an income is a mugs game. + +https://www.theaustralian.com.au/business/wealth/when-property-is-a-mugs-game/news-story/c076f9c44ba4c51fa804bc011536d230 +For real though. I’ve lived through more crypto crashes then I have presidents at this point, and one thing I always have to remember is that setting a floor is a good thing. Sure we all want BTC at $60k + USD and ETH at $4k + USD but what people never talk about is how every time we gain a new all time high, we set a new all time high floor. If you would have told me 5 years ago my BTC would sit comfortably around $30k USD I would have slapped your mom for raising such an optimist. Just remember folks, the corrections are healthy. We haven’t shit the bed, just a minor shart. Throw them pants away and go buy yourself a new pair, next bull run will be nuts. + +Edit: YO THANK YOU ALL FOR THE AWARDS AND UPVOTES! Im not much of a poster more of a lurker. I will deff be posting more in this sub in the future just to keep interacting with all of you. +Berkshire recently purchased a $4.4b stake in HP at roughly $34/share and I'd like to know why. Berkshire purchased shares of ticker symbol HPQ, not HP or HPE. + +&#x200B; + +HP's FCF is $5.8b for the ttm vs a market cap of about $36b when Berkshire purchased its shares. This means Either Warren, Todd or Ted purchased shares at a fcf yield of 16+%. This makes HP much cheaper than other large cap tech companies which are still trading in the stratosphere. The company's FCF between 2015 and 2020 has ranged between $3.8b and $2.8b. + +&#x200B; + +HP's FCF: + +[https://www.macrotrends.net/stocks/charts/HPQ/hp/free-cash-flow](https://www.macrotrends.net/stocks/charts/HPQ/hp/free-cash-flow) + +&#x200B; + +HP's revenue growth has basically been flat since 2015 but was up 12% in the TTM: [https://www.macrotrends.net/stocks/charts/HPQ/hp/revenue](https://www.macrotrends.net/stocks/charts/HPQ/hp/revenue) + +&#x200B; + +HP purchased Hyperx in 2021 for $425m. Type hyperx into your amazon store search bar to see that Hyperx sells keyboards, microphones, headphones and mice. This is an incredibly competitive market and I think that my razer stuff is better and cheaper than stuff I can buy from Hyperx. I'm going to guess that HP overpaid for this acquisition. + +&#x200B; + +The bear case against HP has been pretty strong. Basically, hardware sales has become a commoditized business thanks to Amazon. Companies generally compete based on price and drive margins down to zero. They are beholden to Amazon to have their products listed and don't have much pricing power. From reading HP's annual report, I don't see anything to indicate HP can meaningfully differentiate their products from competitors. + +&#x200B; + +This is a value investment. Berkshire probably purchased these shares because they yield over 15% FCF with a growing top line. This is similar to Berkshire's fairly recent verizon position which yields about 10% fcf at cost. I would prefer to own Verizon over HP because Verizon has more of a moat even though it is more expensive. + +&#x200B; + +I'm happy Berkshire purchased HP instead of other tech companies that produce basically no fcf like Netflix: + +[https://www.macrotrends.net/stocks/charts/NFLX/netflix/free-cash-flow](https://www.macrotrends.net/stocks/charts/NFLX/netflix/free-cash-flow) + +&#x200B; + +Or produce very little cash flow relative to their stretched valuation like Amazon, NVIDIA, Tesla + +[https://www.macrotrends.net/stocks/charts/AMZN/amazon/free-cash-flow](https://www.macrotrends.net/stocks/charts/AMZN/amazon/free-cash-flow) + +[https://www.macrotrends.net/stocks/charts/NVDA/nvidia/free-cash-flow](https://www.macrotrends.net/stocks/charts/NVDA/nvidia/free-cash-flow) + +[https://www.macrotrends.net/stocks/charts/TSLA/tesla/free-cash-flow](https://www.macrotrends.net/stocks/charts/TSLA/tesla/free-cash-flow) + +&#x200B; + +I think this investment is a dose of sanity in an upside-down investing world where people have stopped looking at how much money companies actually earn for shareholders. +I’m in a HCOL area of the US. + + +This is my target, I want a safe withdrawal number of maybe $30k/mo if I’m lucky (probably early 50s) or $25k (late 40s?) before tax. + + +For anyone who lives in a HCOL area of the United States, I’d be really curious to know what you think about this number. What kind of lifestyle do you live on it? Can you share any details? + + +Do you wish you aimed a little higher or wish you retired earlier? +Hi All! + +First of all, I'm new to this sub, so if this is off topic I will delete. I saw this quote in an interview clip with the rapper J Cole, and I really wanted opinions from r/fatFIRE on this: + + +*The monetary, the material... even success, the things you place your importance on - can never satisfy you. They will never make you happy because they never end. There's no amount of money that will ever make you stop if money is what you care about. You'll keep going.* + + +*"Oh I've got a million. Gotta get 10.* +*Got 10, gotta get 100.* +*Got 100, gotta get 5.* +*Got 5, gotta get a billion."* + + +*If its cars, you'll never have enough cars. If its women, you'll never have enough. If it's success, you can never get enough of that.* + + +*I realised that. It keeps calling you like a drug. It's a hamster wheel.* + + +*But, if you place your importance on appreciation and love, that is enough. There is enough of that in everybody's life right now if they just took the time to look. In my life, I just took the time. And that goes for everybody. The homeless man on the street can still wake up and go "Man, I'm alive".* + + +This is the link to the full clip, it's only 3 minutes long and well worth a watch. + + +[https://www.youtube.com/watch?v=0v1UJpYNAww](https://www.youtube.com/watch?v=0v1UJpYNAww) +Hi guys, + +Stagflation = high unemployment + high inflation + +We had this in the 70’s; in this scenario if rates go up, debts get more expense and layoffs happen. Therefore unemployment goes *up*. + +If rates go down and we do QE, inflation goes *up*. + +If we do nothing, then inflation gets worse as it’s self re-enforcing, and unemployment gets higher as people consume less due to rising inflation and that means companies make less money leading to more layoffs… + +How did the 1970’s get out of this pickle??? + +Thanks. +In short, these are simplified, best case scenarios for each of our two options. + +&#x200B; + +Growth stocks will make you rich. When you purchase a successful Growth Stock, you purchase a ticket that can be redeemed once in the future for more than you paid. You are also buying the obligation to sell it at the *perfect* time. This means time will be working with you, as well as against you. + +&#x200B; + +Dividend stocks will create you wealth. When you purchase a successful Dividend Stock, you purchase a financial product that will pay itself back over time, as well as bring you additional income in the future. When you purchase a Dividend Stock, and hold it forever, you are essentially looking time in the eye and saying, "We work together now." + +&#x200B; + +I believe that when it comes to average investors, **time** is our most reliable ally. It will be the only other force in our financial journey that is as reliable as taxes! + +&#x200B; + +Speaking of taxes... The only thing better than a dividend stock? A dividend stock in your TFSA(401k?). Thanks for coming have a good night! + +&#x200B; + +Honestly, r/wallstreetbets probably needs to see this more than r/dividends but I like y'all more. Peace! +My karma may take a hit for saying this but idc, mass adoption at ANY COST is not acceptable, we cannot sacrifice decentralization for adoption if it means giving up control to governments and institutions. ETFs are a perfect example, you thought "oh a BTC ETF it's cool because theres no option to short BTC" well a week later they can now short BTC with the second BTC ETF. Regulations are the same type of double edged sword that may help people get comfortable with adopting crypto but gives the government immense power over the market. They are playing us by giving us adoption while taking control of the whole damn thing. Wake the fuck up. + +Shitcoin pumping is also a new feature here, it's your choice to do that but remember it's not good for the market to shill shitcoins. Also if a new crypto investor gets burned on a shitcoin they will probably leave the market for good so if you care about mass adoption maybe stop pumping shitcoins. But hey I don't know shit about fuck🤷‍♂️ +Friend of mine owns her home outright and I got some money for a deposit (100k) She is interested in splitting costs so she has an investment property but says she isn’t looking to make money off it by renting to avoid capital gains. + +Looking to buy something from $700k-1.1K + +What everyone’s thoughts? We have discussed getting lawyers involved to write stuff up. She has enough money that she could just buy it outright we even discussed me paying her back with interest. Just looking for help and advice. Much easier to pay off $500 than a mil… +Seriously, almost every post I’m seeing Apes are literally BOLDING the WE’s and US’s as if that isn’t a major concern and threat to this entire thing. + +Use the half wrinkle on those **smooth brains** and just STFU and **HODL**. I sure as hell didn’t spend my life savings and hold this entire time for Apes to tell their sob stories and ruin it for everyone. + +**THERE IS NO WE, THERE IS NO US, I JUST LIKE THE STOCK** + +Edit: Thanks for all the reassurance/clarification❤️ SOON MOON. WE LIKE THE STOCK🚀🚀 + +Edit 2: Not responding to anymore comments, loading some dry powder in the chamber for these dips😎 Appreciate all the thoughts! +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! + + + +An introduction to the GLITCHYBSC network. + +Glitchy is a new way to earn BNB rewards simply by holding the token in your Binance Smart Chain enabled wallet, without having your investment locked down for any period of time. + +Glitchy is a token based on the Binance Smart Chain, where buyers & sellers get taxed on each transaction, which profits all Glitchy holders. A part of the tax goes toward increasing liquidity, and another part gets reflected to all holders. A percentage of this also goes to the maintenance wallet, which will help grow the project via marketing and development, while another percentage gets sent to the contract BNB balance. The BNB balance gets distributed to all holders weekly! Without locking your investment down for any period! + +⭐️FREE BNB drops EVERY WEEK + +⭐️All you do is invest and HOLD + +⭐️Glitchy DOES NOT LOCK YOUR INVESTMENT unlike other staking projects + +⭐️Claim Anytime through the week! Pot is reset on Mondays + +⭐️Make your money make money + +⭐️AMA coming soon + +⭐️Telegram and Twitter Giveaways! + +💎 SUPPORT AND HOLD 🙏 + +🌎 [CLICK HERE FOR PANCAKE SWAP](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x75dffaf163d67591fdca3907a50655db3a5516ed) + +⭐️ [BSCScan](https://bscscan.com/token/0x75dffAf163D67591fDCa3907a50655dB3a5516Ed) Contract + +0x75dffAf163D67591fDCa3907a50655dB3a5516Ed + +🔧 INVESTORS ARE NOT LOCKED IN FOR ANY PERIOD + +📜 Market listings Applied + +📊 [Chart](https://dex.guru/token/0x75dffaf163d67591fdca3907a50655db3a5516ed-bsc) + +🐦 [Twitter](https://twitter.com/GLITCHYBSC) + +🌎 [Telegram](https://t.me/glitchybsc) + +🌎 [Website](https://glitchy.wtf/) + +🌎 [Reddit](https://www.reddit.com/r/GLITCHYBSC/) + +🌎 [Pancake](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x75dffaf163d67591fdca3907a50655db3a5516ed) + +💎 1% to GLITCHY family members + +🎁 4.5% Liquidity + +🤝‍ Further 2.25% BNB rewards added to claim pot. + +💧 2.25% Marketing and Maintenance Multisig + +🔥 Regular Liquidity Burns + +💰 Purchase it on PancakeSwap V2 + +⚙️ Set Slippage to 11% + +⭐️Become part of an uplifting community + +⭐️Audited contract + +⭐️Marketing development + +Glitchy uses the following tokenomic breakdown to power its system and provide the premier BNB reward platform, using a 10% slippage tax on buys and sells: + +1% Reflection/Redistribution of Glitchy Tokens to Glitchy Holders + +2.25% Added directly to the BNB Reward Pool + +2.25% Added directly to a multi-sig Maintenance Wallet used for Marketing/Airdrop/Promotions + +4.5% Added directly to BNB PancakeSwap Liquidity + +16% of the supply is burned. The burn wallet also accumulates Reflection/Redistribution tokens like any other Glitchy wallet, and those are manually burned to create a constant slow deflation of supply. + +Accumulating LP Tokens are manually burned as soon as they accumulate to approximately 10% of the available liquidity. + +**WHY GLITCHY?? Because Holders are Rewarded Fairly:** + +Other BNB Reward tokens penalize those who forget to claim, are unable to claim, or in the case of small stakeholders, when the gas fee to make the claim transaction outweighs the reward. Most of these tokens require users to claim daily – if these rewards are not claimed, they are typically redistributed to the other holders who in time can lay claim to them. This creates a disproportionate system where only the savvy or whale holders truly benefit. Glitchy’s foundational concept is fairness to all holders, whether crypto veterans or noobs, whales or small fish. + +Glitchy does not require users to claim in every cycle. Users BNB claims are distributed in proportion to their percentage of holdings of the total Glitchy supply, and the rewards generated every week belong entirely to the wallet that holds the Glitchy. BNB REWARDS ACCUMULATE IF THEY ARE NOT CLAIMED. For example, if a user were entitled to .5BNB Rewards in Week 1, chose not to claim, then was entitled to 1BNB in Week 2 and chose to claim, the entire reward would be 1.5BNB. + +The fundamental difference between Glitchy and other reward tokens on the market now is that Glitchy allows flexibility in the claim function and ensures that claims are never lost or taken by other holders. No other token does rewards like Glitchy. + +**No-Lock, No-Stake, No-Penalty:** + +Glitchy does not require any external staking or locking of funds in order to generate rewards. Your Glitchy stays exactly where it should – in your wallet, earning all the time. As explained above, BNB Rewards are never penalized (except in the case of a sell, where your percentage of holding decreases and Rewards will decrease accordingly in the following claim cycle). + +**Community and Outreach:** + +Glitchy has built a strong holder community through Telegram and Twitter. There are dedicated team members in development, marketing, and Telegram customer service. With a global group of holders and team members, Glitchy is able to execute marketing campaigns and answer user questions 24/7. + +Upcoming Marketing Campaigns include additional Reddit/Twitter postings and giveaways, crypto-focused YouTube promotions, AMA’s, and a redesign of the dApp with updated UI/UX. + +Glitchy is for Everyone. We invite you to join our community and experience True Passive Income for yourself. +Over a thousand reduced prices, filtering out 55+ and pending, in Fort Lauderdale alone. Is south Florida about to crash? Or has it already started? + +https://imgur.com/a/nIHyGEw +Edit: As predicted https://www.bbc.co.uk/news/business-58610561 + +Edit 2 it's happening : https://www.bbc.co.uk/news/business-58619418 + +Edit 3 Ruh Roh: +https://amp.ft.com/content/11b1f0ec-5a6b-48d1-8d65-be26ead3a68d + +Edit4: if you are being offered a fix rate deal much north of 20p a kwh you may be better off,for now, on the variable rate at the Ofgem cap. Give it some research and don't be afraid to ask your supplier! Watch out for an increase in the cap being announced by Gov though. + +Edit5: Gov is now considering bail out loans to the likes of Bulb. Not sure it will be enough if gas prices keep rising. + +Edit 6 20/9/21: https://www.bbc.co.uk/news/business-58620167 as per edit 5 + +Edit 7: "Alok Sharma acknowledged that ministers are considering lifting the energy price cap to help keep firms afloat." - warning for anyone on a variable rate + +Edit 8: 2 more bite the dust +https://twitter.com/emilygosden/status/1440679495183130632 +Kwarteng also insists the cap will not be changed + +‐--------- + +ORIGINAL POST: + +I am in the industry (edit: renewable generation not supply; thanks for the downvotes...) and wrote some replies in the inflation thread but realised this might be of general interest. The UK energy markets (both wholesale and retail, both electricity and gas) are currently going absolutely nuts. The last few days in particular have seen the highest day ahead electricity prices, some of the highest gas prices, and the highest electricity imbalance prices on record. + +Gas prices are insane due to Russia/German regulators (under US pressure?) not yet approving and turning on the newly completed Nordstream II pipeline into Europe (but Russia choosing not to use the existing pipelines through Ukraine for geopolitical reasons), exceptional LNG demand in Asia, lowering North Sea extraction, lower US production, and various other factors. + +Electricity prices have been insane due to very low wind recently, and today a 2GW interconnector with France literally exploded, and more significantly, several smaller 'disruptive' electricity suppliers have gone bust due to terrible risk management, with more possibly on the way. + +Several of these suppliers had NOT fully hedged their customers demand for the winter, something the bigger players all do as a matter of prudent risk management but something Ofgem in its infinite wisdom for some reason doesnt force all to do. + +As a result, when these customers of defunct domestic suppliers are shunted to other better suppliers under the regulators' "supplier of last resort" program, the new suppliers have to place massive new forward hedges of gas and power prices for the winter to mitigate their risk, and this surge in demand is driving the market for the winter even more insane. + +To give an idea of what all this means in practice for pricing, in a typical winter the wholesale price of electricity fluctuates between £50 and 90/MW. To lock in pricing for the winter 4 months today the cheapest hedges are closing at over £200/MW. This may go higher. + +The short term and spot markets are also all over the place. Yesterday, to lock in prices for individual half hours around peak demand (5pm) today cost £1,500/MW (!!). Last Thursday, the 'imbalance' price of electricity (essentially the default price you pay if you havent bought in advance) hit £4,500/MWhr in one half hour settlement period. Normal for this time of year is £50ish. + +While consumers arent exposed to these crazy fluctuations directly, as they become more common, suppliers will need to hedge more and more in advance to prudently manage their risk, and this demand for hedging drives up the cost which they WILL pass on to consumers. + +Everyone on the demand side is panicking right now and honestly I think its going to get worse as more and more suppliers go bust. + +Individual consumers cant do anything except plan to reduce demand as much as possible (insulation! LEDs! Heat pumps! Solar! Batteries!), and keep an eye on switching to a better supplier on a fixed rate as prices increase....but they will increase across the board and especially at the largest and the smallest providers. Mid-size providers may have fully hedged their demand and be able to support smaller price increases but will be reluctant to take on too many new customers as this will in turn require more hedging. Edit: Bulb is now in trouble and they have 1.8m customers... + +I should note that Ofgem imposes some price caps on the maximum consumers can be charged on a default variable tariff (but fixed can exceed this), currently £1,277 pa for a typical dual fuel home, however this may prove unsustainable and rise again, as it already did 2 weeks ago. There's also the fear that so much of the market will end up paying at the cap that suppliers won't be able to absorb or hedge the overage. Edit: this now appears to be happening! Edit2: the cap may get suspended! + +A very cold winter is quite possible. This would be a perfect storm for energy prices. It's prudent to batten down the hatches. + +Useful information: https://www.bmreports.com/bmrs/?q=eds/main +Hey, +I'm currently studying in South Korea and have no access to my student assistance as my accounts have been frozen for suspected money laundering simply for transferring from my N26 account to my other account so now I can't eat, pay rent or bills. I come from a single mother household with no disposable income. I’m now two weeks late with rent and facing eviction as my landlord is advertising my room and I’m out if I don’t pay prior to someone wanting to move in so now I have no idea what to do. I have seen others with the same issue on Reddit and was hoping for some insight. + +EDIT: I was able to get a instant dispo credit with C24 of 800€ and I need to give a big fat shoutout to [u/foxineer](https://www.reddit.com/u/foxineer/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) for that information because it literally saved me. +I am a 33F with no kids (except for my 3 fur babies), don’t own a home (am renting), am single (although dating my bf for almost a year), and am leasing my car. Basically I have little to no assets yet and always poo poo’d paying for life insurance. Should I apply now anyway? If so, why? +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.*** +A recent post called out that FATfire was becoming something more akin to r/investing rather than FATfire, and a lot of people aren't FATfire and have an extremely heavy bias toward a Boglehead or index mindset. I thought I would write something from a FATfire perspective that might address the current change in the market and how I think we could take a different investing strategy from a FATFire perspective. + +**tl;dr version:** + +1. We are going to be in turmoil through the rest of the calendar year, and possibly into next year. A recession is going to happen. + +2. I suggest that you may want to "not indexing" during this time. Key to not indexing is making sure you have a portfolio that hunts. Make sure that you cut problem stocks, such as travel and high debt stocks. Move to Countercyclicals, which I prefer equities with some dividends. + +3. Make sure you have somewhere around 12-24 months of cash like assets to bridge the gap to a vaccine. + +4. There will be a bailout once some companies fail, but this is a personal viewpoint, so you'll need to make up your own mind on how to play this. + +5. Finally, we are in a disease induced stock market correction. You can't expect the same behaviors as a normal economic correction. We are going to probably hit new bottoms. Maybe even much lower. However, a vaccine will trigger a massive rally from this bottom, so watching for the solution is extremely important to gain financially. + +Please don't upvote/downvote on the tl;dr version because it is not helpful to the community. I realize that this is not a "hivemind" summary, which involves "index until it's over." Feel free to blast away at the structured version as this is fair game. + +**The long version:** + +Before you start reading, if you are a Boglehead, I am not knocking indexing. Bogleheading as a strategy back tests extremely well, and I'm not saying you should deviate. + +However, in this post, I want to argue that past performance may not be the best indicator of future performance. Large part of this is because the nature of the correction comes from the fact this is disease issue. Please read this post as arguing the other side. If you refuse to consider any viewpoint other than a Boglehead viewpoint, please move along, you won't like this post. + +ln this light, I want to debate (not go crazy please) from the standpoint that Michael Burry might have gotten it right again, lately. (I don't like his "water phase.") Here is a couple of his latest observations: + +1. [Indexing has become a new bubble](https://markets.businessinsider.com/news/stocks/investors-that-have-spoken-out-against-passive-investing-2019-8-1028485512?utm_source=markets&utm_medium=ingest). Again, I think he is overstating things, but I think that there is a core of truth here that I would like to argue for. + +2. [We do not have a good sense for the future, and we need to understand that things may become worse before coming better](https://markets.businessinsider.com/news/stocks/big-short-michael-burry-cashes-in-on-coronavirus-market-rout-2020-3-1028994855). + +3. Finally, if you "want to be FATFire and not worry about it," this post is not for you. I don't believe in 3 sentence summaries. I believe in rational and deep thoughts. I hope you'll find this is not a rambling post, but something that comes out of trying to be structural, integrative and analytical in my approach. + +A little about myself: + +1. I am still working because I contribute to the world, much of the stuff you see here is basically what I do at work. Yes, I am considered a bit odd, but generally worth listening to. +2. My assets clearly would place me firmly in FATfire as something I have already accomplished. +3. I'm a little past my mid-50s, so I lived 2008 era. I see an incredible amount of psychological overlap. +4. One of my degrees was in finance and accounting. My finance professor traded on the Chicago floor, and he made a rational argument in the '80s to his class that called out being a Boglehead (although he didn't call it that at the time) was the top investment strategy, which I followed as a general principle for over 30 years. +5. I have a Thomson Reuters Eikon seat. This basically gives me access to an extremely rich set of sell-side research. Really, this or a Bloomberg terminal is the only practical way of doing value-based research, and it is incredibly insightful to review other people's financial models. +6. This is USA only view. I think the WW economy is well outside my ability to understand. So, if you are not a USA investor, sorry, I have no help or discussion. + + +**Some thoughts in the current crisis:** + + +* *1. Thought: There was a lot of self deception in 2007/2008, and we may be doing it again.* + +The most interesting thing to me is that the current crisis is extremely similar in its psychological make up to what happened in beginning of the 2007/2008 crash. + +I see a lot of people writing ["oh it was worse in 2008."](https://www.usatoday.com/story/money/2020/03/11/recession-heres-how-coronavirus-crises-different-2008/5012228002/) Initially I agreed with this, but I looked at some of my journal writing at the time, and really I think that people don't remember. + +In 2008, we really did not understand what was happening. There was a debate how much wall street would impact main street. Maybe the Banks were in crisis, but nobody saw that the banks would take everybody else down. + +I remembering people saying "oh buying opportunity." So they reacted too quickly to bring cash off the sidelines, which was basically a horrible move. Or they said, "Wow, now I'm going to use my leverage." I don't need to write what happened here. + +Probably one the best things you could do now is to start a financial journal so you can pull it out and look at it next time a crisis happens. From my perspective, it is dangerous to quickly to say that "we'll get through it quickly." + +Behavior economists encourage us to understand that "confirmation bias" can ruin our ability to make decisions. We need to be extremely fact filled in our thoughts to get to real decisions. It is the time to carefully consider the data. + +* *2. Thought : Even if the internality of the problem in 2007/2008 was worse, the system has a lot less tools to deal with the crisis.* + +The above was written from a psychological standpoint. I do believe that we can argue that the 2007/2008 crisis had an enormous amount of internal rot in the financial systems with CDO and credit default swaps. I think we can argue that we do have a stronger banking system. + +However, unemployment was historically low (5% or so). And quite frankly, we had an enormous amount of flexibility in the Fed, and the problem was a Fed problem. + +If you like "[easy to digest stuff, I suggest reading Wolf Street.](https://wolfstreet.com/)" Now realize that Wolf is absolutely bearish, he is one of the best sources of graphs to help you understand some of the recent moves in real estate and what is happening in our fiscal system. A good graph is worth a lot of reading. + +If you read his site for a while, you'll come back with clear messages that: + +1. The housing market is too hot +2. Debt is too high +3. Deficit is too high +4. The Fed has a wickly high amount of overhang from 2007/2008 + +In other words, 2007/2008 impacts are still here, even if the market set new records. We have overhang. This is what happened. + +a. The fix for 2007/2008 turned on flooding corporate America, from the Fed, with easy money and bailouts, which then became a drug to grow the overall market to PE numbers that are problematic. + +b. Why? Cheap money resulted in a massive amount of corporate borrowing. + +c. This fueled massive amounts of either debt or stock buy backs. + +d. Corporations have calculated their ability to service this debt for an economy which would see 2-3% GDP growth. They are not equipped with the right structure for a slow down. [ They are not, as NNT would write, anti-fragile. They are highly fragile](https://en.wikipedia.org/wiki/Antifragility). + +e. When the COVID-19 really hits, we are going to blow up a lot of business models. + +f. May turn into a chain reaction that will wound a sizable chunk of companies. + + +* *3. Thought : A recession is now greater than 90% chance of happening.* + +If this isn't obvious, I don't know what is. + +[Even the big guys are in on it.](https://markets.businessinsider.com/news/stocks/coronavirus-fuel-recession-forecast-us-europe-economic-july-market-jpmorgan-2020-3-1028994637) + + + +* *4. Thought: The world is going to get worse rather than better in the coming year. This is not a 2-3 month problem.* + +I actually feel incredibly stupid for ignoring the mechanisms of infectious disease until a couple of weeks ago. I started researching it then, and I think I have more than the common man understanding. + +COVID-19 is a a flu. There are three distinctives: + +a. It has an r0 (or R-nought) or 2.x or twice as inflective. + +b. It has a much higher mortality and hospitalization rate + +c. It has no vaccine + + +The flu vaccine is marvelous. One of the reasons we don't notice the flu is that we are successful both in its effectiveness and our vaccination rates. The vaccine dramatically drops when a flu naturally dies in a population, which may not be obvious until you do the math. + +This is why COVID-19 is a pandemic and not the flu. + +The thing to realize is that we have a pandemic as the root issue. We do not have a financial system issue as the root cause. So you have to have some understanding of how pandemics work. + +[One of the very best things I've read is here on the nature of COVID-19.](https://medium.com/@tomaspueyo/coronavirus-act-today-or-people-will-die-f4d3d9cd99ca) Really, I wish I had written this. + +The first thing to realize is that we do have "an end." The beginning of the end is when we get to the mid-point on [the disease logistics curve](http://www.nlreg.com/aids.htm), or when we can widely distribute a vaccine. + +Until we get a vaccine, we either need to let it burn through our population unbridled, which is basically what the world did with the Spanish flu, or we mute the effect of the virus by simply stretching out the inroad of the virus as much as we can so the minimal amount of people are impacted. + +* *5. Thought: Isolation is the only wonder drug, but it has horrible side effects* + +If we don't slow COVID-19, we are going to devastate the USA. It is very clear that if we don't slow it, we will exponentially get to 60-70% infection rate (yes, Angela Merkel is 100% right), we will over flood our 100K ICU beds, and we will have people dying at their homes as mortality rates skyrocket because we can't treat people that need help. + +What a disaster, and truly a horrible impact on our population. + +The Italians got a small taste of this, and decided they need to whip out the isolation wonder drug. The problem is shutting down your country for weeks at a time is going to whack the economy. + +And we are a worldwide economy. Just the current issues are going to impact everybody. + +So we have to use the isolation wonder drug (okay call it social distancing), but this is going to exact a heavy toll. + + +**Integration of the above:** + +Once you understand the mechanisms of the pandemic, you'll unfortunately get a bit sad because you'll understand there is no dodging the upcoming hit. The only thing that we can do is manage the damage. + +Dr. Brian Monahan recently told congress that 70 to 150M people will be hit. This means ~20-40%. This means somewhere around 7M to 15M people requiring some type of hospitalization, and 3.5M to 7M in ICU beds (which we have 100K today.) This means a tremendous amount of churn in the economy. + +Until we have a vaccine, there is no side stepping an upcoming hit. + +So here is where it become unbelievably confusing. Unless this post gets downvote so low that I disappear, I believe this post will stand up quite well if we come back to it 12-18 months from now, in as much as what I have written so far. + +We are headed for bad times. The key to the bad time is that a solution does exist, it is called a vaccine. We need to plot out how much our investments are going to suffer until one arrives, because once we see the solution timeline, Wall Street will come back strong (even before the economy.) + +Remember, this is not a Boglehead view. You could index, but I am suggesting that we don't want to index. Indexing is guanteed to included the losers with the winners. If we can knock out even some losers, we will end up outperforming SPY. + +**Here Are The Three Future Phases I See:** + +*Phase 1: Recession and certain companies fail* + +In this case, we express the moral hazard of allowing companies to fail because they did stupid stuff with their balance sheets. This starts to take down a bunch of people, because they took the risk. + +By the way, this is going to happen in some degree anyway. + +If you own OXY, look for a bounce and get out. Maybe somebody will buy their assets (and Buffet does have a lot of their debt at a great return), but you are gambling with your money. + +Companies like Comcast and ATT have way too much debt for a slow down. IBM comes to mind as having a problem. + +Get out of industries that are going to be really hit hard. If you are holding a cruise line, cut your losses. It's over, and don't hang onto a falling knife. + +Bankrupt companies don't come back. The last thing you want is to be the last one holding the bag. Getting something is better than nothing. + +Then move into some counter cyclicals, maybe with a little bit of dividend income to ease your pain. CHD or Ross stores come to mind. + +By the way, get cash. If you don't have cash, get cash. I need to repeat myself. You need some cash right now. What is the right range? Until this settles down, I suggest at least 12 months of a cash buffer for your cash flow needs. More comfortable would be 24 months. + +What do I mean by this? + +a. You are fat fire and you have in flow of income from either a job, stock (or business), or real estate. + +b. You lose this inflow of money. + +c. You happen to have enough cash that it doesn't matter for 12 to 24 months. You can run your life just like normal. + +Okay, you have some money approaching or at FATfire money. You read my strange and long post, and you get to this section. I hope when the market opens on Monday you liquidate enough of your position to lock in the 12-24 month cash position. I know this is an insurance position, and maybe through some chance, the market is at bottom. + +You need insurance right now. This is the time to buy insurance. Insurance is a cost and not an asset. Buy insurance. If you are sophisticated, you can devise an option strategy cheaper than cash, but most people can't do this. + +So my advice is be simple and hold cash. + +By the way, if you are young and a lurker, just have a normal reserve. I am talking to those that have assets. + +I've written this story before, but I worked for a guy that was a billionaire in today's dollars when I was a kid. He had lost everything. This is because he didn't have enough of a buffer to survive a down turn in the 70s because he got overleveraged and couldn't service his debt. + +But does this future last forever? + +I'm guessing we start this way, but move to phase 2. + +*Phase 2: Welcome to Bailout City* + +If the big companies need money, they can always get it in Bailout city. + +Yes, we have a phenomenal amount of debt, but most countries with a lot of debt that "fail" don't have a real engine. We are a little over 100% debt to GDP. Japan is 200%. Now Japan is not healthy, but it is not failing. + +There is little to no doubt in my mind that we can borrow ourselves through to a vaccine in the market. + +So go ahead an buy ATT with a 6% yield. If they run into problems to service their dividend, the government will come in an give them a zero percent interest loan with no repayment schedule. Still a gamble as maybe bailout city doesn't arrive in time. However, I'm hanging onto my ATT. + +Now, I am not even saying that the bailout will be right, so don't downvote me for this. I am suggesting that we need to simply surf the market. + +However, even under this avenue, I see high debt companies hurt. The only reason to hang onto a high debt company is you are willing to roll the dice that they will get a bailout, and not cut or cancel the dividend. + +In my case, I need my ATT yield to service some needs for projects underway in other parts of my portfolio. So, it is a core part of my assets, but certainly not 100%. + +*Phase 3: We come up with an vaccine, or we have some strong results from some experimental drug.* + +I had very fond hopes for [Remdesivir from Gilead, but the first rumours are not good](https://www.statnews.com/pharmalot/2020/03/13/gilead-coronavirus-covid19-clinical-trials/). + +However, we have come a long way from the Spanish flu, and there are a variety of ways for us to accelerate a vaccine or test drugs in new ways that might blunt the issues. + +Actually I have high hopes for private industry. I hope the government carefully works how to support industary. For example, our testing problem is going to be solve by companies like Thermo Fischer and Roache, because some private business came up with solutions and the Fed government figure out how to approve in 1 business day. + +People are praising the Korean government for how fast they ramped the test kit. What nobody understands is that is that it was the founder of Seegene, a private company, that pulled the trigger on a new test in January. + +I can see that in the current environment, private companies may see that a solution will be fast tracked, and it is worth the bet to throw in resources because the payoff for being a COVID-19 solution is massive. + +With the widespread outbreak that is coming, it would boggle my mind if we didn't have something on the shelves in 18 months. Maybe sooner. + +If you have your cash in hand when we see an end to this problem, and now you have some freedom with your stocks, you are going to see the most massive jump ever. We need to distance ourselves from the 2008 crash in this avenue. + +Stock market psychologic is incredibly important. Our market recovered well from the 2008 crash, but a bunch of people were still "unsure" about the whole thing. + +When a solid solution happens with a vaccine, people are simply going to say "wow, it's over." Now this is over dramatic. The vaccine will come on the end of possibly a lot of churn. However, we understand vaccines. Once proven, with a good dose of scientific agreement, the world is going to say "okay, let's get back to business." + +This means a nice market rebound. + +I blew up my Saturday morning writing and editing this post. I am writing this paragraph as my last paragraph before posting. After all this though, I determined that really this is not just a FATfire strategy, other than I am encouraging a strong level of cash that others may not suggest in an r/investing standpoint. However, I started the post here, so I'm going to finish it here. It's also long enough that it will probably be ignored, but I hope a lurker or two will use it to devise their own strategy. +* ‛Road infrastructure has become financially unviable,’ PMO wrote in a letter to National Highways Authority of India +* To solve the crisis, the PMO has suggested that NHAI aggressively monetise its existing assets + +The NHAI should discontinue constructing roads and encourage the private sector to take over the running of completed projects. These are two of the key suggestions that the Prime Minister’s Office has made to the National Highways Authority of India (NHAI). + +The letter said the NHAI was “totally logjammed by an unplanned and excessive expansion of roads and it is mandated to pay much higher costs for land acquisition and construction.” + +It also said the hybrid annuity model, where the government and the private developer share the costs of setting up new roads, has become unsustainable. + +To solve this, the PMO has suggested that NHAI aggressively monetise its existing assets – either through the toll-operate-transfer model, where long-term concessions for collecting toll revenues are auctioned to the highest bidder, or through an infrastructure investment trust (InvIT). InvITs are trusts that manage income-generating infrastructure assets, typically offering investors regular yield and a liquid method of investing in infrastructure projects. + +[*Livemint*](https://www.livemint.com/industry/infrastructure/pmo-s-suggestion-to-nhai-stop-building-roads-sell-assets-through-an-invit-1566619682822.html) +https://www.hawaiinewsnow.com/2020/01/19/multiple-honolulu-police-officers-injured-shooting-near-diamond-head/ + +Scary things I don’t want to deal with as a landlord, for 2000 Alex. +I don't really have any particularly interesting methods to share, just the tried and true stuff you've seen on here a million times. I will share none the less, because it never hurts to hear good advice more than once! Also, I think getting everyone's unique perspective on the situation can be interesting. And who doesn't like a feel good story? Right? + +So to start with, some background about us. I'm 30, she's 27, and we've been together for over 12 years, married for 3. We started dating in High School! So I guess based on that fun fact alone we're already beating the odds. All of the student loans were hers. When I went to college I was in a bad place in my life, struggling with depression, living with an alcoholic father after an insanely long and bitter divorce of my parents, and generally feeling unmotivated to do anything. So... I didn't, and my grades in college were proof of that. I was put on academic probation after my first semester. My grades didn't improve in my second semester, and I was asked to take a semester off. I just never went back. This was probably the lowest point of my life. + +Luckily for me, the only thing I was ever truly passionate about was computers, and I had taken up programming as a hobby in my spare time which would ultimately become my career. I guess when you're depressed it's easy to hide in the basement playing on the computer all day every day. Shortly after dropping out of college a very lucky series of events occurred. One of my dad's good friends who just happened to be in charge of hiring software developers for a small business gave me an opportunity to come in and interview for a full-time software developer position. So in I went, barely 20 years old, with my only experience being working for a grocery store, fresh from dropping out of college. The interview was a bit awkward to say the least. But... just kidding. No but. They didn't hire me. I was told they hired some hot-shot self-starter with tons of experience instead who was going to hit the ground running and that sounded more appealing than training me as the greenest programmer in the world I suppose. Needless to say I was pretty bummed about this, but (here's the *real* but) if memory serves me, I believe it was no more than about 6 weeks later that I got a call back from the company. They told me that the other guy wasn't working out, he was a bad fit culturally and wound up not being as much of a self-starter as advertised. Point is, he was out, and I was given the opportunity -- literally -- of a lifetime. + +I think I received that call on a Friday, and started the next Monday... at $12 per hour. Oh yeah, you read that right. This isn't one of those "I'm a software engineer making $180k straight out of college" stories. I grinded this career out to get to where I am now 10 years later, and I'm not exactly the highest paid software engineer even today. I developed a work ethic almost immediately and made a point to always be the nicest guy in the office having heard all the things everybody said about the previous hire. Doing the work was easy since I was naturally interested in programming and had been doing it for fun. That company treated me extremely well. I worked there for 9 years, and only quit about a year ago. When I quit I was making $19/hr, but was making *substantial* profit sharing bonus every year in the range of $20k+. Leaving was one of the hardest decisions of my life because they treated me so well personally and the office culture was so great, but the finances just didn't work out. I had more than earned a fair market value with my years of service, and $19/hr wasn't cutting it, even with the massive profit sharing bonuses. Those bonuses were actually one of the primary motivations for me to leave, because having a bonus sounds nice, but when your bonus comes on a monthly basis and represents ~35% of your take-home pay, it stops feeling like a bonus and starts feeling like a necessity. When the company finally stopped growing and I saw my pay checks dwindle, I knew it was time to go searching for a more fair market value, and I found one. So now I have a stable salary of $72k instead of an incredibly volatile salary of anywhere from $40k-$65k depending on the year, and I feel like I have plenty of room to grow. I should mention I live in Nebraska, so money goes a long way here. $72k is above the curve in general. + +My wife's story is basically the polar opposite of mine, so this is going to be short. She has a loving family that are all the nicest most supportive people ever, and she is an absolutely phenomenal student who was always a hard worker with perfect grades. She earned her undergraduate degree in Psychology, and attended graduate school where she earned an Educational Specialist degree, which apparently is slightly more school than a Masters degree, but not as much as a PHD. She just started her career 2 years ago working as a School Psychologist for the local school district here earning about $48k. She worked through school before that doing various jobs like waiting tables and fast food. So until she started her career job, we basically lived on my income. + +So the finances as of today are that we have a combined income (gross) of $120k, and we live in the Midwest where it's cheap to live. So it hasn't exactly been difficult to destroy this pile of student loans as quickly as we did. + +One big aspect that helped us tremendously is that we've always been a team. I've always earned significantly more than she did, meanwhile all $93k of those student loans were in her name, but this has never for a second been a point of contention for us. We've always been on the same team, and we both are very naturally frugal. + +We of course set a budget, and stuck to it. We cook all our own meals and rarely eat out. We cut the cable 6+ years ago and have been paying only for internet. Both of us have reasonable cars that we paid cash for with no car payments. We both have cheap hobbies, and are in general just allergic to spending money. We joke about how silly it is for us to "go shopping" because usually what happens is we'll be bored on a weekend and head to the store knowing that we want to buy something. Then we'll get to the store and scoff at the price tags, and resolve to go home and buy it on Amazon instead. Then we'll sleep on it, and never buy it. + +Oh yeah, and not having kids of course has helped. Probably should have mentioned that earlier. + +I've been contributing to a retirement account since I started my career at age 20 and my wife did the same just a few years ago. I'm almost to 6 figures in my retirement! + +When she graduated there was immense pressure from friends and family to just rush into buying a house. This was before I got my new job with a more stable salary, but we made the choice to eliminate all the debt first, especially with all the uncertainty with my job. + +We've paid Navient apparently ~$5k per month for 18 months. It hurt. But it's done. [Here is my favorite screenshot ever](http://i.imgur.com/WyeQKe4.png) + +It feels great to be debt free! Now we're hoping to put that same saving power towards a down payment on a house when our lease is up in ~10 months. And with our new found purchasing power thanks to not having debt, we'll be able to afford any house we could possibly imagine. But of course, we're still going to pick something that's well below our means. Here in Nebraska the most extravagant house I could possibly imagine living in would be in the ~$350k range, so we're shooting for no more than $250k instead. + +If you have any other questions, ask away. I'm sure I skipped something. + +**edit** more budget and income details provided [in this comment](https://www.reddit.com/r/personalfinance/comments/6nxlw6/slug/dkdjhwh) + + +**tl;dr:** + +* Get lucky +* Become a software engineer +* Marry an awesome lady +* Dual income, no kids +* Never spend any money +* ??? +* [Profit](http://i.imgur.com/WyeQKe4.png) +I'm bored. Decided to share some cool ETFs you may have not heard of. I'd love to hear of some ETFs you guys have or know of too! + +IDNA/HELX - both genomic plays like ARKG + +LRNZ- AI and deep learning. + +BFTR/LOUP- black rock future innovators and frontier tech. + +IQM - intelligent machines etf. Heavy position in Tesla however. + +PTF/PTH - technology momentum and healthcare momentum ETFs. + +MFMS - actively managed small cap etf. + +BTEC- healthcare innovation. I really like this one. + +QQQJ/QQQN - both similar ETFs that track the next stocks to be included in nasdaq. + +QGRO - etfs that holds stocks with high grows/strong fundamentals. + +PAWZ - just like it sounds baby. Tracks stocks related to pets. + +ENTR/BUYZ -entrepreneur and disruptive commerce ETFs + +Any other cool ETFs I should check out? +I've recently taken on a big interest in economics, more specifically being the finance aspect of it, and I have to say that I've learned a lot from the economics community here. However, there is one topic that I see comes up in the comments a lot, and it's a subject I don't quite understand in its relation to how it actually affects the economy. That subject being Wall Street. + +From what I understand, Wall Street is a colloquial term that represents the investment sector of America in its relation to the stock market and not just the physical place itself. Stocks are shares of companies. People who buy and sell stocks are investors. And hedge funds are investment firms. + +Stocks are a means of generating more revenue for a company. Company stock prices increase when the company does well because more investors want the stock, and decrease when it does bad because no one wants to invest in a crappy company. The investment sector gets hit hard when hedge funds and investors make bad investment decisions. + +So how does Wall Street's bad investment decisions end up affecting me? I neither work for an investment firm nor have any money in one. How does this eventually become my problem when it seems like the only money Wall Street is losing is its own? + +note: it's hard to convey attitude through text, and I've been told I have a "hostile" way of writing things. I don't know how to not do this, so understand that I'm not looking to argue with anyone. I'm making this thread to be educated. + + +Hey everyone, + +So my parent's owned a house that I think they never will payoff. They currently have a co-borrower who wants out to buy another property. They are forced to sell the house and find something cheaper (thankfully). However, they do not make very much as my mom currently does not work. + +They have asked me to co-sign a mortgage with them so they can get enough of a loan to buy another house. I'd love to help my family, for all the sacrifices they have made. I do not want them out on the streets. Yet, A) I don't trust their financial habits and B) I have my own plans for the future. + +I've been saving up to hopefully buy a house within the next 10 years, but I'm also considering going back to Grad school and would have to take loans for that. + +Essentially, if I co-sign on this mortgage, how much does it fuck with my ability to get a big loan (student/another mortgage/car) within the next 10 years? + +I talked to a lending office but the lady seemed to try everything to convince me to sign it and mentioned the only issue would come if my parents miss a payment or are late. Anyone been in this position before/have some words of wisdom for me? I feel guilty and selfish for not wanting to sign :( + +&#x200B; + +Quick notes: I'm 22, make 72k, my rent is 1250, and I'm estimating my parents will need around 100k mortgage (my dad makes 30k a year...oh and he's 65 lol) ALSO- I have a younger 10 yr old sister, who lives with them naturally +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. +Hi, + +I'm curious how our community approaches cooking, meal preparation, and nutrition. + +I can obviously hire someone to purchase groceries & prepare meals relatively easily, but hiring someone that does this in a healthy way is not easy, especially when customizing for all members of my family who have different nutritional needs. + +Have you worked with dieticians or nutritionists before? How do you assemble the right team to do this? How do you optimize your diet & nutrition when budget is not an issue? How much difference can a professional make? + + +Why would a delisted companies spike? + +As I understand it, shfds short a stock to virtually zero, making tons of bank on the way down. +Once the company is delisted it’s technically no longer a threat against their short positions. So they leave them open in perpetuity saving the cost of both closing the positions and any gains associated. + +Here’s the chink in their armor. ( I think ) + +If a shfd gets margin called, liquidated, and goes to the clearinghouse, ALL their positions will be settle to clear their books. Including the open positions on the delisted companies. + +I think the spike may be the death throes of a couple hedge funds. + +There also may be a couple others getting nervous and trying to close their own positions adding fuel to the situation. + +There is probably hundreds of these delisted stocks going back decades with unclosed positions. + +These are my observations. Please add or correct as you see fit. +💎🙌 🚀 🚀🚀🚀 + +Edit: this[post](https://www.reddit.com/r/Superstonk/comments/ph8zcc/zombies_coming_back_from_the_dead_rule_15c211/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) by @jaloosk was brought to my attention about a rule going into affect that could also be causing the spikes in the delisted stocks. I have read the document in the post, but to be honest it is tough for me to follow. Take a look and share your thoughts please. + +Edit: @u/jaloost + +Edit 2: This [post ](https://www.reddit.com/r/Superstonk/comments/phujc2/introducing_the_expert_market_otc_market_groups/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +By @u/hmhemes responds to Edit 1 and has great information. Please read. +What is Peer Cast Coin? + +Peer Cast Coin is the Next Generation Video Sharing Platform. A new native blockchain. Decentralized peer-to-peer video delivery powered by users. + +Peer Cast Coin is a revolutionary blockchain-based P2P video streaming platform that allows viewers, content creators, and enhancers to monetise their time, contents, and efforts. + +With technology including ground breaking technology include Multi-BFT Consensus, Aggregated Signature Gossip Scheme, and Resource-Oriented Micropayment Pool. + +PCC’s official website : https://peercastcoin.com/ + +Peer Cast Coin will be launching in 7 June, but you can get in early via their presale launch. Let's get into this awesome project together! + +Purchase Link : https://exchange.pancakeswap.finance/#/swap?inputCurrency=BNB&outputCurrency=0x84B368Fa62206cF15CD7f844e58eb996433e2e86 + +Chart : poocoin.app/tokens/0x84B368Fa62206cF15CD7f844e58eb996433e2e86 + +Why Choose Peer Cast Coin: + +1.) Viewers get rewarded with Cast Fuel + +⁃ For sharing excess bandwidth and resources, viewers are now rewarded to participate in the network. + +2.) Higher quality, smoother video streaming + +⁃ A decentralised peer-to-peer network delivers streams efficiently globally. + +3.) Reduced cost of delivering video streams + +⁃ Video platforms no longer need to build expensive infrastructure, means more innovation and unique business models. + +Peer Cast Coin aims to solve the issues in the current video streaming industry through a revolutionary approach. + +Problems faced during live video streaming that are being solved by Peer Cast Coin : + +1.) Poor Quality + +⁃ Today’s content delivery networks (CDN) lack reach, causing video re-buffering, and high load times in many parts of the world. + +2.) Sky Rocketing Data Needs + +⁃ Users demand 4k, 8k, and higher quality streams create infrastructure bottleneck. + +3.) Centralized and inefficient system + +⁃ The centralized nature means less revenue flows back to content creators and platforms. + +Tokenomics + +Token Name : Peer Cast Coin + +Ticker : PCC + +Total Supply : 300,000,000 PCC + +Pre-launch : 1 June 2021 - 6 June 2021 + +Official Launch : 7 June 2021 + +Transaction Fee : 3%, 1% to holders, 1% to Marketing, 1% burnt + +Fully Audited by : TechRate + +WHY BUY PEER CAST COIN ? + +Peer Cast platform’s native utility coin (PCC) powers the Peer Cast ecosystem. Users can earn PCC through trading, storage provision, or video playback. + +Token will be fully launch for trading on Pancakeswap after pre launch ended on 6th June 2021. On the same day, an AMA will be announced to be held at one of the largest crypto telegram community.  + +Telegram : t.me/peercast\_coin + +Contract : 0x84B368Fa62206cF15CD7f844e58eb996433e2e86 +Pretty much what title says at 18 y/o my parents are kicking me out which is in a few days. I have 100 dollers and a car so im not sure what to do. Any financial advice that would help me start out? Thanks for any info! +In 2019 investors pulled their money out of the stock market en masse in reaction to the yield curve inverting and the high interest rates that caused the market to dip in Sep, 2018. + +They never put it back in, rather stock buy-backs fueled the 2019 and 2020 rally. + +[https://www.bloomberg.com/news/articles/2019-09-23/biggest-ever-move-out-of-stocks-could-foreshadow-gains-ahead](https://www.bloomberg.com/news/articles/2019-09-23/biggest-ever-move-out-of-stocks-could-foreshadow-gains-ahead) + +**Edit:** From the Business Insider article: + +"One reason for this is that investor selling has been "swamped" by corporate buying, Fraser-Jenkins said. Global corporates have announced $820 billion in buybacks this year, which has exceeded selling by traditional investors. That's been supportive to the market as a whole, since when companies reduce their outstanding share count by repurchasing units, it lifts the per-share value of the remaining stock. In addition, companies have $1.3 trillion in pending mergers and acquisitions, which he says also supports the equity market. " + +**Edit:** Since people are questioning the source... On the March 9, 2020 Bloomberg odd lots podcast Vincent Deluard, the Director of Global Macro for INTL FCStone Inc. Said: + +"Most investors have already pulled their money out of equities in response to what they saw happing in the bond market in 2018 and 2019." + +After hearing that, I looked on google for a long time but couldn't find any charts that showed the outflows. The only charts that tracked total inflows/outflows were paid subscriptions. One Marketwatch article (banned source) showed it and this lone Bloomberg article showed it too. +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. +Before you call me a shill and shit. Hear me out. + +With my shares (almost at xxxx) I'd be really happy with $10k per share. I can buy a nice house, a nice car etc. I don't need that much from life to be happy. I'm happy with my life as it is and I don't want to buy fancy stuff and status symbols so $10k is more then enough for me. If it doesn't happen I don't care for my sake, I care more about smaller apes getting the tendies they deserve! + +I don't even have to pay taxes for my gains because of my swedish tax free account. Instead I pay a set tax, like 0,3% or something every year of my holdings, so no tax when I sell. + +With my floor being set as low as $10k I can easily 💎🤲 through $50k, $100k, $1M, $10M etc. since I'll be fine with $10k per share. No panic to sell on the way down at $10M, $5M, $1M etc. smaller apes can go first. + +A drop from $100k to $40k doesn't matter since I'm already far above my floor so no risk of 🧻🤲. Of course I'll sell on the way down but I won't panic if it drops from $1M to $100k since my floor is set so low. Hopefully my strategy can help smaller apes get to their floor! + +I can also just sell 1 share (maybe 2) at $10M and be more then happy with it, but smaller apes go first. + +And yes. Maybe this is a retarded strategy but I made a drawing with my daughters crayons and the math checks out. + +I love everyone of you apes ❤❤❤ I'm honored to go to the moon with you. 🚀🚀🚀 + + +Edit: TL;DR I don't believe greed is the way to fight greed, since it might blur your mind. Solidarity is the way to fight greed! + +Edit 2: Thanks everyone for the kind words! I was a bit afraid to post this as I thought that the low floor would seem like a problem to some apes and that the meaning of the post would get misunderstood. ❤ +I am in the process of buying my first big multi-family unit. It's a 30 unit building in the midwest. I am starting my finance process with my local bank that I've been doing business with for nearly 30 years. + +Today the loan manager called me and said they would only be comfortable doing a 60% LTV on this because I have never owned a building this big. My current biggest is an 8plex. + +Have you seen this before? Is this common or should I just go with a different bank? +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? +My understanding is that capitalism and the free market became the prominent societal model in the 18th/19th century during the industrial revolution, but it was not until the post-WWII era and the rise of the middle class, plastic and mass manufacturing that consumer society soared and eventually led to the destruction of the environment. + +Can free market capitalism exist without mass consumerism? + +One can argue that capitalism inexorably leads to mass production since change is motivated by increasing profits for shareholders, but is there a way to go back to standardized milk glass bottles delivered to your door and reused ad eternum instead of infinite choice enabled by single-use packaging? +My understanding is that capitalism and the free market became the prominent societal model in the 18th/19th century during the industrial revolution, but it was not until the post-WWII era and the rise of the middle class, plastic and mass manufacturing that consumer society soared and eventually led to the destruction of the environment. + +Can free market capitalism exist without mass consumerism? + +One can argue that capitalism inexorably leads to mass production since change is motivated by increasing profits for shareholders, but is there a way to go back to standardized milk glass bottles delivered to your door and reused ad eternum instead of infinite choice enabled by single-use packaging? +Hi everyone, I wanted to start a discussion as a follow up to u/hopefultext's excellent thread on fatFIRE careers in the biopharma industry ([https://www.reddit.com/r/fatFIRE/comments/i8fbhp/thoughts\_on\_financial\_success\_in\_the/](https://www.reddit.com/r/fatFIRE/comments/i8fbhp/thoughts_on_financial_success_in_the/)). There's a ton of very helpful information and statistics for the mid-late stage career tech crowd on here, and I thought I'd try to do my part to jumpstart one for the life sciences industry as well (as it's another industry predominantly located in VHCOL areas). + +A quick primer on my background. I was a pre-med in medicine before I decided I was too impatient / greedy for medical school and switched to business. Joined a no-name PE shop coming out of undergrad focused on clinical stage biopharma assets. Got an MBA and ended up in strategy consulting for 4 years before joining an industry client as a director of strategy. I'm also a pretty active angel investor and sit on the board of several start-ups. + +I've listed out the way I think about business-facing career options in the biopharma industry. I fully concede my structure is not fully MECE (e.g. are MSL's considered business or clinical? How about sell-side finance covering healthcare?), but broad strokes should cover most of the high paid business facing roles in the biopharma industry. + +Business Focused Careers + +* **Industry Jobs (e.g. Pfizer, Genentech, Biogen)** + * *Departments / Functions* + * Strategy / Corp Dev - Generally considered the "sexiest" group, and made up almost exclusively of former strategy consultants or investment bankers. At the core of it this is a capital allocation role, whether it is identifying the highest internal NPV projects (strategy), such as re-organizing the reporting structure so that China + Japan + Korea report up to an APAC lead instead of directly to HQ, or identifying the highest external NPV projects (corp dev), such as identifying and executing deals to license or acquire external assets or companies. + * Insights and Analytics - Portfolio level strategy if you will, instead of supporting corporate level decisions (e.g. should I buy this company) you are supporting portfolio or brand level decisions (e.g. should we pursue a confirmatory Phase 3 trial? What is the opportunity for a new indication of our existing blockbuster brand?). Generally made up of former strategy consultants, though of a "lower" caliber (e.g. more ZS associates rather than McKinsey). + * Brand - The core operational function, and the ultimate owner of the P&L. Include HCP marketing ,DTC marketing, payer marketing, etc. Generally the hub for all commercial related activities, and coordinates all pre and post-launch tactics and activities (e.g. promotional materials, TV / radio buys, etc.) Generally considered the best place to be if your goal is ultimately to rise to a C-level position, given this is the path to true P&L ownership. Comes from a grab-bag of backgrounds, but usually either from strategy (e.g. consultants) or sales folks coming up through the trenches. + * Sales - Field reps and MSL's, responsible for educating and ultimately pushing our drugs to prescribers. Generally considered the least "prestigious" commercial group, but many top P&L leaders have had at least a short stint in sales to truly understand the business. 90% of sales reps come from no-name colleges and are happy in their roles, 10% come from T15 MBA programs and are doing a rotational program on their way back to marketing. + * *Titles / Role / Compensation (VHCOL companies)* + * Manager Roles - General starting point for post-MBA grads or undergrads with a few years of consulting experience. Individual contributor role, may manage a small budget or a few vendors. Responsible for analyzing and presenting data or pulling through small workstreams. Compensation is pretty standard across the board, expect 120-140K base, 10-20% year end bonus, and 25-50K annual RSU grants. + * Director Roles - Lowest level role where you would run a team or own a brand P&L, though there are still individual contributor roles at the director level (particularly associate director level). First true "decision maker" role; your higher ups transition from telling you what to do to setting KPI's for your team to execute against. Compensation at this level is where stock grants start to overshadow cash comp, expect something like \~200K base, \~30% year-end bonus, and 100-200K annual RSU grants. + * VP Roles - True executive level roles, where you are running a portfolio of products (e.g. oncology portfolio lead) or entire function (e.g. head of licensing and acquisition or national sales leader). Generally reports directly to C-level functions at all but the biggest of companies. Beyond my current level so cannot comment as a primary source on compensation, but anecdotally this level becomes much more variable. At the larger companies, expect \~300K base pay, \~50% year-end bonus, and 300K - 1MM annual RSU grants. At some companies VP is the first level where you are entitled to "profit share", which is a black box to worker bees like myself. + * C-Level Officers - Cannot really comment as I do not even interact with these level folks on a regular basis. As you would imagine compensation at this level is heavily tied to stock performance, and pay is disclosed for officers of public companies. +* **Strategy Consulting (e.g. BCG, ZS, LEK)** + * *Titles / Role / Compensation* + * Associate - Starting point for post-MBA grads. Heavily involved in data analysis and deck building. Usually an individual contributor role, might manage 1-2 junior analysts in their workstream or small project. Expect \~175K base, \~30% bonus + * Engagement Manager - Point person for a client engagement, overseeing teams of 2-5 consultants to deliver scope of work. Primary point of contact for client, firm leadership, and junior resources. Has end-to-end responsibility for successful delivery of project. Expect \~200K base, \~50% bonus (at this level MBB comp starts to outpace other firms) + * Associate Partner - Oversees multiple projects, and usually has a sales quota to hit. Generally considered the "worst" position in consulting, as you are trying to build your business case for partnership while juggling sales and client delivery expectations as well. Expect \~250-350K base, 50-100% bonus (MBB's skewing significantly higher than others here) + * Partner - Sometimes called Managing Director if non-equity position or at a public company (as opposed to a private partnership). There are many ranks of partner, with junior partners generally responsible for a client account and all business associated with it (e.g. account partner at Gilead) and senior partners leading an entire service line or country (e.g. national pricing and reimbursement lead). Compensation is highly variable, based on seniority, firm "rank", and overall health of the business. Anecdotally (I left before partner in my career), junior partners can expect around \~800K all-in, tenured partners can get to \~2MM all-in, and senior leadership can get up to \~5MM all-in when everything breaks right. +* **Investor Roles (e.g. KPCB, Blackstone, Bay City Capital)** + * *Deal Stage* + * Venture Capital - Exclusively invests in pre-commercial stage companies, mostly clinical assets, but may even get into pre-clinical assets if the space is hot enough (e.g. gene therapies). Almost always requires a PhD / MD background due to the scientific due diligence nature of the job. + * Private Equity - There's certainly overlap between what's considered VC and PE in the life science space. Most of the deal flow in PE happens in late stage clinical assets, or early stage commercial companies looking to scale up a commercial team. The due diligence is more commercial / financial focused at this stage, as the scientific proof of concept is mostly established and investors are looking to identify and value growth scenarios (e.g. opportunity size of other indications) You will also see PE-backed companies acquire smaller companies / assets in this stage of the life cycle as well. + * Hedge Funds - Plays in the public equities space, trading shares of publicly traded biopharma companies. I have very little personal knowledge of this space. + * *Titles / Role / Compensation* + * Associate - Excel jockey, usually post-MBA landing spot. Works on sourcing and modeling potential deals, and supporting the VP in overall deal operations. Compensation varies heavily on fund size, but somewhere around \~150K base and \~100% bonus would be considered in the range of "normal". + * VP - Responsible for end-to-end deal execution, with associates / analyst support. First level where carry may be offered, though no guarantee. Compensation gets too varied to really comment on (especially you have carry). Anywhere between 200K - 1MM all-in would be considered normal, depending on the size and performance of the fund. + * Partner / Director - I'm really not qualified to speak about the role / comp at this level, but intuitively these are the people in charge of raising money from LP's and signing off on capital deployment. Compensation is pretty much exclusively tied to the performance of the fund, and this is where you can see "high finance" making 10MM+ annually if the fund is performing well, though this level is comp is exceedingly rare and reserved only for the top funds despite what main stream media would have you believe. + +Love to hear like-minded fatties currently working in or retired from the biopharma industry. Happy to try to answer any questions or expand on anything I might be qualified to do, but definitely welcome thoughts from the more experienced biopharma executives on here. I have very little transparency into the clinical side of the business (e.g. medical directors, CRO's, etc.) and would love to learn more about it as well from those in the know. +**Phil continues: "GameStop’s extensive store base, focus on digital transformation in an omni-channel environment and expert gamer associates remain an important part of our gaming ecosystem, and we’re pleased to elevate our partnership.”** + +[GameStop announces multiyear strategic partnership with Microsoft - Oct 2020](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) + +edit: related [post](https://www.reddit.com/r/Superstonk/comments/s76l3h/game_informer_which_is_owned_by_gamestop_hyping/ht7zefc/?context=3) + +edit 2: An Ape who would like to remain anonymous DM'd me this thought: + +The Microsoft acquisition of Activision IS our pathway into the microtransaction revenue. I couldn't figure out how we'd get in on it. More than 50% of Activision annual revenue is microtransactions. So I figured GameStop had a plan. Microsoft is a big player in Ethereum blockchain already. They've already made statements about a decentralized future and shit. I'm so fucking pumped on this. The stars are fucking aligning. +I know part of the inflation is the influx of new money into the market during the pandemic. Additionally I heard many companies raised their priced due to supposed "labour shortages" which raised their costs of production and by extension - price. Yet when looking at companies like Shell, BP, Starbucks, Kroger, McDonnalds, Chipotle and countless others that raised their prices - they all have seen huge profit increases from 20 to 60 percent last year. Why the inflation then? +Edit: typos and added Kroger which also seen record profits and massive multimillion dollar payouts to the CEO +Tl;dr - Sharing a copy of my [Budget tracking system](https://github.com/sammitjain/budget-tracker) which uses Google Sheets + Google Forms. Sheets keeps track, runs the backend and shows me a Dashboard, and Forms lets me fill in the sheet in a much more user friendly manner. The form sits on my phone as a homescreen shortcut, so it's much more intuitive than opening up a spreadsheet to fill in my expenses. + +Sample images + +* [Google Form Mobile UX for Expense Tracking](https://imgur.com/a/r2oLZnJ) +* [Dashboard on Sheets](https://imgur.com/a/xLKyXMd) +* [Expenses](https://imgur.com/a/ydfxXPl) and [Income](https://imgur.com/a/cryO9OY) sheets +* [Credit Cards](https://imgur.com/a/gyJPXhU) + +Background: + +Almost a year ago on this sub, I had briefly discussed how I manage to track my expenses ([comment#1](https://www.reddit.com/r/IndiaInvestments/comments/pphbgp/comment/hd3y1zr/?utm_source=share&utm_medium=web2x&context=3) and [comment#2](https://www.reddit.com/r/IndiaInvestments/comments/pphbgp/comment/hd8olrp/?utm_source=share&utm_medium=web2x&context=3)). While there is absolutely nothing that is special about this, and many more sophisticated (and polished) solutions exist, I think those comments resonated with a lot of you who reached out for the template. + +So here it is for those of you who wanted to try it. I have my own reasons for sticking to this system for a good couple of years. Every other 3rd party solution/app that I've tried has 2 issues generally + +* Questions around privacy and security of my data +* Lacks customization for some very specific needs + +While I haven't experimented with too many apps (yes, some apps process data locally, and yes some apps have more features than you can count) I personally don't think I'll get the kind of customization I'm looking for. Still open to suggestions on this. + +**Pros of this system:** + +* Highly customizable (add your own categories and sheets for anything you'd like to track - Credit Cards, Big-ticket expenses, Renovation Projects, etc) + * I've gone as far as using it as a diary to note down important stuff sometimes (just enter it as an expense with a 0 amount) which may be too sensitive for my whatsApp chat with myself +* Reasonable level of privacy and security (Your data is only in your Google Drive and nowhere else) +* Pain-free process of filling up expenses via Google Form on phone (much more convenient than sitting with a PC populating a spreadsheet manually) +* Learning how to work with spreadsheets. + +**Cons of this system:** + +* Takes some time to get your own system in place, reach a place where you can track everything you need to. (Hopefully my template can be a starting point) +* Even filling up a form for every expense feels too cumbersome at times. Especially for expenses that happen frequently at regular intervals (I have a partial solution for this). But this is a big disadvantage compared to apps that automatically pick up expenses +* Learning how to work with spreadsheets. + +*This template had been long pending, and I was finally able to share it. Would be happy to get some feedback/suggestions on how to do this even better. Also feel free to message if the sheet doesn't work as expected - I'm no spreadsheet wizard so I'm sure there are issues/edge cases which I haven't encountered yet.* +Honestly lately every post I see is a “*RandomTicker* short squeeze buy now” You apes need to understand that having a 30% short interest doesn’t mean the stock is going to squeeze. Short squeezes are very unlikely and GME was/still is once in a decade oppurtunity. + +I currently hold 350 shares of BB at 14$ and I see apes throwing around short squeeze on BB. Like come on don’t be so retarded. BB isn’t a short squeeze play. It was an undervalued OG play of WSB from November. That’s why it’s been running up lately because market is finally realising it value. Not because there is a short squeeze happening. + +Anyways I know it isn’t a WSB post without rockets so BB GME AMC to the moooooooon 🚀 🚀🚀🚀🚀🚀🚀🚀🚀 +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! + +Buying stocks near 52 week low. This was my ONLY criteria for stock selection when I first started. Result? The stock made a new low. + +Focusing on the price. I only invested in stocks below 100 or 200 rupees thinking I could buy more shares. I was wrong. + +High debt companies. + +Low profit /sales growth companies. I didn't know where look up those numbers. + +Penny stocks. I have only two words for penny stocks- they suck. That's it. + +Selling winners too early. Whenever I made a 5% profit I sold all my shares. + +Holding on to losers. Most of the times the losers never came up. + +DCA on losers. Dollar Cost Averaging only works on winners. + +Under diversification. I put all the eggs in one basket without proper research. + +Over diversification. I bought a few shares of many companies. It was hard to keep track of them. + +Ratios. I focused too much on ratios that I forgot the main business of the company. The ratios will never be perfect. + +Listening to tips. Never listen to stock tips. Not even if Warren Buffett tells you so. + +Lack of patience. I bought companies too early. If I'd waited a week to buy/sell those shares I'd have made 10% more. + +Too many transactions. Transactions are a huge cost in the stock market. Buying and selling to frequently adds up over time. + +Checking prices daily. No need of that unless you're a trader. + +Those were some mistakes I made that I can think of. I'm sure there are a lot more mistakes I've made. + +There are still a lot of mistakes i still have to make. Keep investing. + + +-Vikrant C. +I did a valuation of Foot Locker ($FL) and I was not expecting such a wide gap between the price and the value as it is a fairly boring company. + +They've been growing a bit over the inflation rate (50% revenue growth in the last 10 years, 4% on average YoY), trading below 5 P/E with a fairly stable operating margin of 8%. + +A strong and healthy balance sheet with good cash management and relatively low debt (mainly leases). + +Below is a link to my video where I explain my assumptions and go through the details. + +[https://www.youtube.com/watch?v=YMfCBqlAzzo](https://www.youtube.com/watch?v=YMfCBqlAzzo) + +Feedback is always appreciated, so I'm looking forward to reading your comments. I'd like to read your thoughts on this company, but also feel free to share other companies as suggestions for me to value. +I am looking at banks stocks in the Uk and they are ridiculously cheap, often still down from 2007 highs. For example: Lloyds, p/b 0.66, dividends at 5.19%. Barclays: p/b 0.41, dividend at 3.56%. What is the deal with these stocks? I am not too familiar with banks, so please eighten me.. would it be a bad idea to buy into these stocks and wait for them to recover? +What are your thoughts on Dividends. Can we build a portfolio which can beat market returns over time just by owning and adding dividend growth stocks? + +I tried to find answer. +https://www.unskilledinvestor.com/2021/12/10/dividends-how-to-beat-the-market/ + +What's your opinion? +(This is my first post, so sorry if this type of story shouldn't be here) + +Some months ago, my friend, let's call Marcus, was in the market for a new car. Marcus wanted to buy one from a dealer, as he didn't want to deal with the possibility of his car breaking down and needing thousands in repairs. An important thing to note about my friend is that, around age 20, he has absolutely no credit history, which impacts his buying decisions. + +With no credit history, my friend doesn't even attempt to apply to a loan from a bank. No, instead he goes to *one dealership* in total who's motto is "Bad credit? No Credit? No problem!", and ends up buying a 2011 vehicle at $12,000, paying approximately 5,000 *MORE* than what it's worth at a typical dealership. + +The kicker? + +**23% APR.** + +Yes, he is paying higher-than-average credit card rates on a car he over payed for, all because he could afford the $200 payment every other week. + +Moral of the story? Even if you don't have credit, try and apply for a loan, if it's a relatively small one, and you have a good job, some banks would be willing to work with you. Second, don't look at the payment amount alone. APR is what really matters, and right now he's going to pay far too much in interest on a car. Finally, shop around. 9 times out of 10 you're going to find a better car for cheaper price. When you're spending thousands of dollars, it's worth the little extra time to look around. Please don't be like my friend, please be smart. + +&#x200B; + +Edit: This predates the pandemic, as i believe he bought it around February or so, before any market crashes. + +Edit 2: Another incentive for him buying the car is that it came with a 2 or 3 year warranty, that covers all the major components and him having to pay nothing. +Some thoughts: + +1. Ethereum (and all crypto, really) is a hyper market. Booms. Busts. Over and over and over again. And not over the span of decades, but months, weeks, and sometimes days. Look to BTC price history for guidance, and that fun graph with "IT'S A BUBBLE!" and "SEE WE WERE RIGHT!" cycles from $0.1 to $3,000. You can expect the same for ETH. + +2. Ethereum is not a business. It is a protocol. Say it with me: "ETH IS NOT A BUSINESS. IT IS A PROTOCOL." Even if the "value" drops 90%, it means next to nothing like it would for FB or Apple. Stocks in these companies represent mature securities traded with all of the world's capital having a vote. A 90% drop there would mean their business isn't doing so well (probably). ETH prices carry much less meaning in this regard. + +3. Ethereum is creating things that were not previously possible. Therefore, this is new GDP. This is new value creation for the entire world, 24/7/365. Comparing "market caps" to companies and industries is meaningless. That's not to say the value of this stuff will increase infinitely. What I will say is that not you nor I nor anyone has any idea what a fair market value for any of this stuff is. One day we'll have some sort of equilibrium and some quant finance genius will come up with a method or methods that reasonably approximate what the value "should" be; just like we have for equities and bonds and real estate. I say "should," because as we all know actual price varies. + +4. We represent a small fraction of the crypto market, which in turn represents a small fraction of the world's capital that I mentioned before. When we see Warren Buffet take a long position and/or substantial inflows from hedge/pension/index funds, then I think we can safely say we've reached some kind of "maturity." As for now, you still have to be a bit of a tech nerd compared to the average person to figure out how to invest into any of this stuff. When it becomes clear that our society's dumbest dumbs are clicking "buy" in their Etrade account, and the price goes apeshit, then I'll worry about a bubble. That being said, if we see $10 Ether again I won't be the least bit surprised. + +5. Anyone who thinks this is all Tulips hasn't a clue about anything. Godspeed. + +There are tons of no avatar accounts. Obviously purchased accounts with enough Karma etc. +US guys that have been around for a while have seen it time and time again. +Whenever they get desperate they start to play dirty. We need to show the new guys how to spot and avoid these shills. + +Over using the word ape. Using phrases like "The plan is working" Being extremely specific in their comments almost as if their trying to paint a picture that can be used in court. Kinda like a really bad undercover cop trying to buy some drugs. Very SUS. It's not just on this sub it's on a few of the others. + +Tons of stuff like this. +"Hello fellow apes! I think that the plan is going well DRS is definitely the way that we control the price and destroy the brokers." + + I think the shills are trying to make DRS look like a coordinated effort to attack brokers. We can't let them. + +If you guys see something like this do not engage them. Do not reply at all. Simply report the comment for going against SuperStonk rules under No market manipulation and move on. + +There is no coordinated plan. I don't want to "bring down the brokers" I don't care about the brokers because I don't utilize them. + I DRS to protect my investment because I have no faith in the current system +Because the companies that are supposed to work for me and protect me work against me. + +We are all individual investors and we all want to protect our individual investments. We all found our way here by means of our own individual journey. + +Stay vigilant and report the obvious shills. +Hey everybody, I’m a college freshman and I’ve been working on a project called Trellis which lets anyone build a trading bot in under 5 minutes without code. I’ve previously posted about the website, but I just finished a Trellis mobile app too to let people track their bots easily. + +It’s free to use, so I��d really appreciate any feedback! + +[Trellis - Build Trading Bots Without Code](https://www.trytrellis.co) +Hi all, + +We started a testrun on the Kovan test-network. We welcome everyone to participate and give feedback: https://gnosis-tokens.digitalmob.ro/token +Please ask here to get Kovan testnet Ether if you don't have any: https://gitter.im/kovan-testnet/faucet +The auction is limited to 3000 testnet Ether. Please don't bid large amounts to allow everyone to try out the bidding process. + +Thank you! +Two things that have led me here 1. Trying to figure out WTF Michael Burrry was trying to reference and getting it wrong several times 2. Why the fuck do we care so much about the Feds ON-RRP operation? + +There’s been so much hype about the ON-RRP volume the past three months or so, and it made me reflect. I don’t actually know **why** I’m hyped about it or **why** people keep posting about it. I had a good idea of why, at least I thought I did, but I decided to go about researching it further and ended up collaborating with a repo expert who’s had over 20+ years in the industry working at 3 different primary dealers. + +**All I knew was incorrect.** From how the Feds ON-RRPs are used, who is putting the money into ON-RRPs, and why I was hyped about it increasing every day. + +So let’s go on a journey to understand some history of the Feds ON-RRP operations and how that led me to realising I was looking at the wrong hints from Michael Burrry. + +&#x200B; + +1. A Series of Unfortunate Events +2. Honey, I Sucked All the Liquidity Out +3. Honey, I Blew up the Rates +4. Star Wars: The Fed Strikes Back +5. What Michael Burrrry was trying to allude to (ran outa puns) + +&#x200B; + +# A Series of Unfortunate Events + +https://preview.redd.it/d9o37zup8e871.png?width=960&format=png&auto=webp&s=245f72ebfbbe0147f89cb7643aed6196546202b6 + +From the above, you can see how this was a disaster waiting from back in 2008 when they started buying up assets due to the GFC. It all came to nip them back in the butt, let’s see what happened next shall we? + +&#x200B; + +# Honey, I Sucked All the Liquidity Out + +https://preview.redd.it/jikg6isy8e871.png?width=960&format=png&auto=webp&s=6d1c0ccd93eead724b0230da757905b1e1edfd41 + +Despite people often referring to 6. (myself included in a past DD) as Quantitative Easing (QE), it’s not. It looks like it though on face value. The Fed had to say it was not specifically in previous notes and meetings, as these types of operations do not stimulate the economy, it’s just the get the markets “oiled up again”. We’re talking about their repo operations here specifically, not adding back assets to their balance sheet. + +**Rates, Rates and Rates** + +Before we get into the next section, let’s understand the floor system that the Fed uses. The general gist of a floor with subfloor system, the fed sets several targets. Policy is announced as a target range for fed funds rate, top range of that is given by the IOER that they set and the bottom is the ON-RRP. + +Interest Rate on Excess Reserves = IOER = Floor + +Overnight Reverse Repo= ON-RRP = Subfloor + +Why not call it a roof and floor? To make it confusing for anyone that’s not in their world to understand 😂 + +Below is a visualisation to help put it in perspective, the federal funds rate aims to sit in the middle generally. + +&#x200B; + +https://preview.redd.it/bkzktfp59e871.png?width=651&format=png&auto=webp&s=dc73e43dbe1db2a77215cf5642b3d7229f298387 + +&#x200B; + +# Honey, I Blew up the Rates + +https://preview.redd.it/og4qpt799e871.png?width=960&format=png&auto=webp&s=57a0af2bdb7c3d3250e437308781107ee451707a + +**What happens if the fed funds rate were higher than the IOER?** + +That would mean a bank wanting to lend their cash would earn more interest on the fed funds market compared to lending to the fed at the IOER - aka the money the fed pays them on their reserves. This demand for fed funds would then cause the fed funds rate to go down (theoretically). + +**Let’s Chat ON-RRP** + +We only talk about the recent spike in activity, and totally ignore what’s happened previously. This ends up leaving us uninformed of the contextual reasons for it spiking. + +So starting in that rough 2018 period, it becomes obvious that the ON-RRP facility is not actually helping all that much when it comes to their ability to control the federal funds rate, keeping it within the 25-basis point target range they had back then. + +There’s also another reason for their disappearance which is to do with the Fed hiking rates from 2016 onwards, the banks can now get paid more in interest from the Fed on their reserves in comparison. There’s liquidity regulations nowadays in comparison to pre GFC times. The Liquidity Coverage Ratio (LCR) is a big boi, but in summary, banks just need to hold some combination of reserves and U.S. treasury securities to guard against deposit outflows in times of market stress. + +Due to a range of reasons, banks actually prefer reserves compared to securities - main reason being if treasuries are sold off quickly, it’ll drive prices down, so in the end, reserves are preferred. + +&#x200B; + +# Rate Wars: The Fed Strikes Back + +https://preview.redd.it/8mlk2m0e9e871.png?width=960&format=png&auto=webp&s=7bc4dd1536cee9bf4e59eb274b6f3cc288553793 + +That was a lengthy one, but now you know the contextual history of how the Fed manages its rates and why RRP is exploding (on purpose to manage rates, if that was not clear already). It’s honestly not that big of a deal that people make it. Please remember online new sources do tend to write for viewership, as such, disaster writing will bring in more viewership than boring macro economics talk…. + +Let’s dig into some myths that often get talked about incorrectly in relation to ON-RRPs operations of the Fed. Before we get to debunking, let’s understand Tri Party and what itm eans. + +**Tri Party Repos** + +Both Repo and Reverse Repo operations are done in a triparty format (also remember, they are one in the same transaction). Only around 0.1% are done DVP (directly). This is largely for efficiency purposes - let’s visualise what this tri party process looks like. + +&#x200B; + +https://preview.redd.it/uen1anm8re871.png?width=967&format=png&auto=webp&s=aee789cfa3951aea8ce1a72e9bc51cb697ccc31c + +The most obvious thing with a triparty repo is that the customer receiving the collateral does not have access it. It’s sitting in the trade shell the custodial bank set-up. So if the they want to re-use the collateral sitting in that shell, it’s actually the custodial bank that’ll set that up. DVP (Direct) can’t be reused unlike Tri-party. + +Collateral Re-use is simply as follows, custodial bank takes the existing shell and puts it into another shell. + +I think we know enough now, so let’s get to debunking! + +&#x200B; + +# Debunk Time! + +**Hedge Funds are involved with RRP** + +This is not exactly a popular one, but i’ve seen it mentioned before. HFs have zero involvement in the Feds’ ON-RRP market. The following link plainly debunks this one. [https://www.newyorkfed.org/markets/rrp\_counterparties#reverse-repo-counterparties](https://www.newyorkfed.org/markets/rrp_counterparties#reverse-repo-counterparties) + +While HFs are not involved with the Feds’ ON-RRP market, they certainly are in the repo market as it’s how they leverage their long positions and cover their short positions. + +&#x200B; + +**The effect of the high RRP amounts will blow up everything** + +The above is dramatic, but you get the general vibe that’s shared within the sub. All the analysis we’ve done above should give you the answer. Once rates increase, money market funds will move elsewhere. We’ve seen recent increases, so why no change in ON-RRP volume? Because MMFs are not gonna show a rate better than 5bps, as the repo market also moved up the same amount… So why move your money if there’s no benefit? We can observe the recent days tapering off in volume since the 5bps increase, so this will likely be the future trend, if not decreasing. + +The Fed will continue its balancing act. It is very much a build-up from 2008 and u/criand ’s recent post is some good storytelling on it (as well as this DD from a more technical standpoint). As such the Fed are learning as they go, it’s becoming clear that loading up the ON-RRP facility is not sufficient to influence rates, which is displayed through the most recent rate increase by 0.05%. They just does not care about the volume of ON-RRP being high, because that’s how it’s designed to work, policy-wise. They have far more assets than the participants have cash, so as long as demand is there it’ll keep rising until something otherwise changes (such as rates increasing as mentioned above). + +We’re only noticing this because big numbers attract attention and we made a connection between rehypothecation and reverse repos. But wrongly so in my opinion. (pls no pitch forks). + +&#x200B; + +**RRP is used to support trading/margin functions** + +This is not a popular theory either, but better to touch on it while we’re here. + +It’s illogical to use RRP as a way to post margin. It “could” be done, but why would you spend cash to borrow treasury securities? You end up in the same spot regardless if you’re using cash or a security to post for margin. + +&#x200B; + +**Trading 212** + +May as well touch on this topic while it’s making its rounds. What’s described in their terms they are trying to get people to agree to is described as a collateral swap with a haircut. The haircut is anything over that 100% mark. To be clear, it's very common and it should not come as a surprise to anyone who has bought shares through a broker that lends out customers' shares. + +You should get in contact and ask what type of collateral is posted and MORE IMPORTANTLY ask for your shares not to be lent out. If they say “nah dawg”, then ask if you get the profits reaped from the haircut in the case above, or any interest charged. + +As to what happens when the MOASS happens and HFs start going bankrupt, no clue. A good topic for someone to delve into. What about bond value taking a dive? Dunno, best guess would be they'd have brokers knocking on their door. + +&#x200B; + +**Treasury Securities are being shorted utilising rehypothecation** + +I think this is probably the biggest theory that’s misunderstood. + +It’s technically possible to do this, the problem is that it just makes no sense to do it. The main reason is due to how the shell functions that the Custodial bank sets up. They create a shell for the collateral that the Fed dumps their securities into, the only problem is, the dealer/counterparty does not know which issue they’ll get in that shell. The Fed decides what to put in that shell. + +So let’s imagine you are wanting to short a bill and you have a crystal ball. + +You’re not gonna be shorting a 3 month bill simply due to the maturity of the trade, and more likely a longer dated issue such as the 30yr where you’ll make far more money. + +Using the crystal ball: + +IF you knew the bill or bond being given in the RRP shell + +AND IF you could sell that issue in time before the market closed for the day AND sell it for cash (same day) settlement. + +AND IF the Fed whispered in your ear that you’d have it for a week straight (meaning you won’t have any fail to delivers) + +AND IF the Fed did this all in DVP for you (0.1% of all ON-RRP trades, Fed only does Tri-party), else you can’t touch the security as it’s in a shell created by the custodial bank + +So if all these unlikely things were to occur, you’re still in the pickle of being in the need to buy back the bond you shorted the next day (because these are overnight transactions remember), if you don’t find it then you’ll be on the hook for 300bps (3%) a day on FTD charges, which in the bond world, is a big deal. + +You’d also likely need to be a primary dealer (big boys like goldman) to pull this off in the first place, but the Fed would get pissed and you’re jeopardizing your primary dealership status - which is something you don’t want to risk as you’ll make more money being a primary dealer rather than being kicked out of the club. + +The source i’ve been working with has said over his 24 years time at a variety of primary dealers, Not one would have voluntarily shorted ON-RRP bonds. It’s just way too risky and there’s virtually no upside - IF you could even pull off the above in the first place. + +&#x200B; + +# Figuring out what MB meant this whole damn time…. + +There’s been three things that Michael Burrry mainly tweets about + +1. Cryptocurrency +2. Inflation +3. Leverage + +(and random non financial stuff - borrrrinnngggg) + +I’ve personally been on a mission to understand wtf he meant ever since he deleted his profile the first time, leaving us a link to a note from the federal reserves on the in and outs of collateral re-use (pictured below). + +&#x200B; + +https://preview.redd.it/5am3ooiw9e871.png?width=293&format=png&auto=webp&s=b82b1cf9a74245668d1b6e70c38cce817ca7d23c + +The Fed note was so so heavily focused on Reverse Repos, Repos, Rehypothecation that it clouded my judgement in terms of what he was trying to reference within that paper. Largely because it was the talk of the town at the time (and still is), but as we went through above, the purpose of that was to show that the **ON-RRP numbers we screenshot all day are not a huge concern.** + +&#x200B; + +https://preview.redd.it/lvvgvacy9e871.png?width=943&format=png&auto=webp&s=5cd3a571ee45636e2cff0878f4124c3e2e0004c5 + +It’s the tweet above that ironically connected the dots for me, but also answered the question in itself as it gave us what we already knew in a way. But i’ll walk you through what i perceived him trying to point out in regards to the speculative bubble. I believe this was the chart he was alluding reference to, specifically, the margin loans trend. + +&#x200B; + +https://preview.redd.it/y00d0gx0ae871.png?width=596&format=png&auto=webp&s=ca28cbc11b56922c5258057dc421f8eb3ac2e545 + +**Unencumbered Products** + +This refers to positions that are purchased outright that are free of legal, regulatory, contractual or other restriction on the ability of the reporting entity to monetize the assets. The entity in this case are primary dealers, the big bois of the world, of which 24 exist. You can find the list [here](https://www.newyorkfed.org/markets/primarydealers), names from Goldman, Morgan Stanley to you get the gist. Now note, the chart above is only based on a subset of primary dealers, so the numbers could very well be bigger. + +**Back to the Chart** + +What we can see is the following: + +https://preview.redd.it/913chwt2ae871.png?width=960&format=png&auto=webp&s=db38ca9e7f2d6172edff30ab7ddaf924f4d72571 + +I was attempting to find what “order of magnitude by 2” he was referring to, and the closest thing i can refer to is the total is how margin+cash accounts have gone from millions -> billions -> trillions. The greatest crash in US history was “The Wall Street Crash” in 1929 (or at least most famous, please correct me if i’m wrong), sadly i don’t have data that goes back that far - but i don’t think it’d be a long shot to imagine that aggregate margin+cash accounts may have been in the tippy top of the millions in the 1920’s. + +Therefore we’ve gone from millions in the 1920’s to billions in the late 1900’s and we’ve just hit the trillion mark in Dec-2020. So there are your two orders of magnitude ladies and gentlemen. + +And that is what i believe MB has been referring to, we obviously did not figure it out, because the dude had to come back from his SEC enforced slumber to literally serve it up on a plate via a tweet. + +It essentially comes down to this logic in the past year since COVID happened, with primary dealers, aka big banks like Goldman saying “Yeah nah, we’re not gonna get fucked, let’s pump cash into the market via our HF buddies to make sure they don’t tank and continue their bull run” - *All while being leveraged to the tits…* pretty easy judgement to make from my POV. As we say, kick that can down the road. + +**TL;DR** + +* The Feds ON-RRP are really nothing to be worrying about, let alone posting everyday. As soon as rates go up high enough, Money Market Funds (make up majority of ON-RRP volume) will take their cash elsewhere (we’re starting to see this already) +* Hedge funds are not involved in ON-RRP as they are not “on the VIP list” if ya get what i mean +* ON-RRP is not used to support margin/trading functions +* Treasury securities that are rehypothecated are not being shorted (it’s purely illogical) +* Margin balances are fucked at $800b+ an \~83% increase from last year. It really feels like they are trying to prop the market up via speculative and spectacularly dumping cash into the market (don’t forget the increased presence of retail in these markets now as well) + +**Counter DD** + +The first part of the DD tends to go against the grain of [https://www.reddit.com/r/Superstonk/comments/o9aanm/black\_monday\_events\_are\_mondays\_which\_experience/](https://www.reddit.com/r/Superstonk/comments/o9aanm/black_monday_events_are_mondays_which_experience/) which is u/Criand’s post about RRP in some areas. To note, i agree on most points about the spikes re EOM dates. + +The thing i have the largest disagreeance with is that the Feds ON-RRP operations are something to worry about. As soon as rates go up to a certain level, MMFs will start moving their cash elsewhere and ON-RRP volume will shrink again (and treasury balance for the Fed increases as a result). My prediction is that we’ll enter a similar cycle before 2020 where rate increases become more abundant (we’re seeing hints of this already with recent 5bps increase). + +Edit: Fuck. Ignore the orders of magnitude part. I overshot big-time 😅 10\^6, 10\^12, 10\^18, far more than two orders of magnitude. It however may be referring to different events 🤔Let me know your thoughts in the comments! + +# Edit: + +Thanks for taking the time to read, judging by the top comments while I was asleep, it looks like i succeeded in creating some awesome discussion and further thoughts on this topic! I encourage you to take this further and write even better DDs that help promote our knowledge within the sub on the matter! + +Thanks for the great comments u/Longjumping_College, u/Criand, u/lightwhite u/Modswithnobods! +Am I the only one who thinks that as the recession gets worse, and people start getting laid off, etc, that a lot of these Airbnb investment properties are going to get slaughtered? + +Send to me the vacations are one of the first cut backs when things get tight. +Taking a short stroll through walstreetbets subr is like wading through a redlight district full of junkies high on a drug called GME... surely at this rate they would plan their exit, IF they haven't already mate. +I feel like a cheat because I did have money in the bank but it is money I need to pay my car insurance next month and if I spend it I won’t be able to save enough in time. Actually, the food bank I used does huge hampers for $50, so I did actually use some of it to get food. I also had to buy a new battery for my car yesterday as it wouldn’t start. Now I have just enough to pay the insurance I hope. + +Food costs are astronomical here in regional Australia and while wages are generally good, we are a fairly low income family with a 7 year old child. I manage bills by paying them each fortnight (or putting money aside each fortnight) but my husbands pay can go up or down by about $400 depending on how many hours and penalty rates he gets. Sometimes after rent and bills there’s no money for food and now we have credit card debt. + +EDIT thank you to all the wonderful people who’ve made me feel better about my choice. I will look into volunteering with them, I volunteer at an op shop (a thrift shop) as well. Hopefully that kinda balances out my karma a little. +I’ve been working doing manual labor, in retail, food service in some combination for 15 some odd years. +For the first time in my life I have a full time job, in a less aggravating environment, that gives overtime. +I opened my check and I hadn’t kept track of the overtime hours I worked, and didn’t know how much it was for. I know it may not be a deal for many (why I’m subbed here) but it was a FOUR FIGURE NUMBER. I was moved to tears, the sense of relief from being able to have a job that can help me move up instead of just treading water is unbelievable. I don’t have friends, so thanks for reading and letting me share my happiness. +It’s more than just the money I think, it’s what it represents, things are looking up. + +Edit: holy moly! Was less than expecting this response! I’m trying to respond as much as I can but alas, IM AT WORK! 😆 I will look through every message as I can. This community is more supportive than I could have hoped/expected. Thank you everyone for the kind words, and Thank you kinda stranger for the gold!!!!! And for the silver!!!! (Username to go here) I dunno how it works (2nd ever and I think I wasted the first one?) but I’ll figure it out! Thanks again FRIENDS! + +Edit 2: didn’t even mention sorry! Through friends of friends I heard about a certification class for security work. After putting my hat into the ring for consideration, about 6 weeks later I was asked to pick up a shift. Within a month I was certified with all the bells and whistles they required (proper ID, background check, fingerprinting, educational course) and got trained. They liked me and kept me on, they were short handed at the time so I was able to prove myself over those first few weeks just working weekends while trying to figure out how to keep working at the job I had. It was pet retail with a revolving door of terrible managers, and closing in on the holidays, so they wanted to push me around and say I wouldn’t get hours if I wasn’t available for the days I needed off for the new job. I pretty much called their bluff, and they gave me crappy hours to just be on register. I had been working for the company for years was certified to work with the animals themself (cleaning cages to giving medicine) but they constantly put me as cashier because I was more efficient and my customer service, I’ll brag, is above par. So I just waited, biding my time until I got the full time offer at the new job, and then gave my two weeks. They were floored, panicked even? When the two weeks were almost up, my store manager told me the team didn’t want me to leave and asked if I was interested in picking up hours when I could. “I’ll let you know” I said as earnestly as I could, catching a little bit of feels despite myself at my team speaking up for me. That was the last I spoke to him. + +Now THAT felt friggin good. + + +P.s. sorry for grammar spelling and formatting mistakes. +Unpopular opinion: Tracking Kenny's movements and posting any time he moves is extremely unsettling and creepy and will make us look bad in the future. We are already winning, we do not need to be invasive to prove our point. Please stop. + +Repeated the title so that my post doesn't get deleted by the automod. + +&#x200B; + +Edit: [The result of posting this lol](https://i.imgur.com/8eZd3Te.png) + +Edit 2: [who did this lmao](https://i.imgur.com/5sQqgfO.png) +Simply cut down on the gym and move out of London according to the article: + +https://www.thesun.co.uk/money/12563356/first-time-buyer-moved-london-quit-gym/ + +Oh, and with the help of some ”family savings”: + +”It was £450,000 and I needed to put down a 20% deposit which was £90,000. My dad gifted me 30% of the deposit and I paid the remaining 70% from my savings. + +This included family savings in the region of £53,000 and about £10,000 I have saved from moving home.” +I'm thinking that maybe someone's successful algorithm maybe based on survivor bias as those stocks that go private (or die perhaps) are no longer available for reference to show the failure of the algorithm. +I’m so embarrassed to even write this as someone has stole money from me and it seems that Capital One is going to let them get away with it. + +Back in Jan I took my son to get ice cream. + +When I went to pay, my card got declined. + +I didn’t think anything of it so I used another card. + +When I looked at my phone I got a fraud text from Capital One and I automatically hit yes to the charge as my card had just got declined so I assumed that’s what the text was for. + +A day goes by and I get a feeling that I should check my account. + +I logged into my account and saw that there were 472 small charges in the amounts of $4.99, $14.99, $19.99, $29.99, $49.99 and $99.99. from a company in Hong Kong called MIHOYO LIMITED totaling $27,090.76. + +Never heard of this company a day in my life. + +I immediately call Capital One and tell them what’s happening. + +They tell me they can’t do anything because the charges haven’t cleared. + +Told me that I’d have to wait til the charges cleared in order to file a dispute but they closed my card. + +48 hours later they finally cleared so I call back and file a dispute. + +At this point I’m thinking no big deal, I’ll get my money back because I didn’t make these charges. + +A few days go by and nothing in my account. + +I get a little worried and call them only to have a gentlemen tell me that my claim was denied as they didn’t find any fraudulent charges and everything looks normal. + +(ARE YOU KIDDING ME! 472 SMALL TRANSACTIONS FROM A COMPANY I NEVER USED BEFORE LOOKS NORMAL TO YOU!!) + +That’s when the circus starts, they tell me that I can request the documents that they used in order to make their decision. + +I request those documents and then wait, they told me it should take 72 hours. + +Well 3 weeks goes by and nothing! + +I called everyday and they tell me each time that they sent it to my email address but I received nothing. + +So, I decided to reach out to the company in Hong Kong MIHOYO LIMITED who after some research find out that they are the people behind the popular game Genshin Impact. + +I received a response from them asking for the transactions IP address so that they can research it. + +I call Capital One and they tell me that this is suppose to be sent with the e-mail that will have the reason why they denied me. + +Long story short, 3 months later after constant calling I get the documents that were used. + +First, no IP address were listed and secondly the only data that they gave was my bank statement with text that read “all transactions are confirmed” + +Guys, at this point I’m devastated this whole ordeal has put me in a bad place. + +What can I do to get my money back? Please help. +EDIT #3: +Holy fucking shit, I've never been more misread in a short time period than this. What is your definition of *pumping* a coin? How do you define *pumping?* **Discussion is not fucking pumping, and therefore is NOT what I'm talking about.** Talk about LoopRing as you see fit, I'm not upset about that! Just don't tell people about how the coin is a "multibagger" and how they should "totally buy it." THAT is what *I* call pumping. You guys seriously need to read more carefully, I've never had to repeat myself this many times in my life. + +Superstonk is, and has always been, a GameStop (GME) sub. We have never tolerated pushing other stocks or pumping crypt0. I'm extremely suspicious of all the comments talking about how high LRC is going, and I'm even more suspicious of how many downvotes posts like this one are getting. + +**Nobody is saying not to buy anything, we're just saying not to pump crypt0 on Superstonk.** + +It is *not* FUD to enforce the rules of the sub (I wrote the fucking [dictionary](https://www.reddit.com/r/Superstonk/comments/qigqnm/a_dictionary_for_the_nonape/?utm_source=share&utm_medium=web2x&context=3) and nobody's disagreed with me yet), especially with everything we've seen since January. Remember when people would SPAM about the coin with the dog? I do. Remember SPAM about the popcorn stock? **I do.** We didn't tolerate it then, and I don't think we should tolerate it now. + +By NOT making a PSA, I'd be doing the sub a disservice. I don't care if there are similar posts to this one; I posted one of the first ones about it earlier today and was immediately silenced. + +GME is the play, and DRS is the way. I don't give a shit about LRC because that's not going to trigger or help the MOASS and only serves as a distraction. + +# NOTICE: I'm saying LRC, not LoopRing. + +I understand that a potential partnership is going on, but buying into their crypt0 before GameStop has even confirmed said partnership is like saying NFTCon would have triggered the MOASS. Feel free to discuss the platform and what the partnership can do, but **do not go on about the price of their coin on Superstonk.** + +I will be downvoting the "wut doin LRC?" posts, and I will be downvoting the "I bought LRC and I'm glad I did!" comments. Fuck you, I'll keep my eyes on the real money. + +And just in case you're an *actual* idiot, I'll say it again. **Buy what you want, but don't push it on this subreddit.** + +EDIT: + +Okay people, oh my fucking god. I'm talking about the *coin,* not the *company.* I can only repeat myself so many times. If LoopRing and GameStop's partnership is confirmed, wonderful. Still, don't pump crypt0 on Superstonk, regardless of whose it is. + +I'm **not** trashing LRC. I swear some of the people in this comment section can't read. + +EDIT #2: + +I've removed my other post because I had no idea it would become so abusive (never said I was smart). I'm still as anti-FUD as ever, but I'll censor usernames from now on. Had no idea this would blow up like this, I'm just an asshole sharing my opinion, so stop treating it like my word is law, okay? + +Guess we'll see what happens when the mods make a decision. +40 yo just starting to set aside some retirement $$$. I have 401K accounts with my previous employers that I’d like to move to a traditional Roth that I opened with JP Morgan. I want to do 80% ETFs and 20% individual stocks. + +Depending on how the market is going and when I get my cheques from my previous plans it should be roughly $60,000. Considering I have 25 years of working left how would you advice me on investing strategies when it comes to ETFs? I plan on contributing $500 a month into this account. + +What would be the ideal contributions for the different funds to different classes?i.e. kind of assets, US vs international, sector e.t.c. +I have about $10k I’m looking to use in my Schwab account to save for a down payment in the next 5-10 years. I’ve seen a lot of recommendations for total stock market, information technology, and semi-conductors ETFs. Any in particular that you are excited about for growth in the next 10 years? +🐶🏳️‍🌈 NYANSHIB is a project built out of the love of crypto. 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We want the community to succeed and grow together. + +🐶🏳️‍🌈 We are a team dedicated to building a coin that we can use to help all our friends, family and community grow to obtain their dreams. + +🌈 Our standing pillars 🏳️‍🌈 + +📍 Community: Without community, we cannot grow NYANSHIB. We value ours and know that within it lies the strength of our token! + +📍 Loyalty: NYANSHIB is in it for the long haul. We plan to stay around and make everyone obtain the dreams they want. We don't want them to be disheartened by crypto. We want them to love it ❤️ + +📍 Transparency: We maintain open communication with our holders and let them know exactly what is happening and what our next moves are. That's what being in crypto is all about! + + +✅ FAIR LAUNCH +✅ NO PRESALE OR PRIVATE SALE! +✅ NO RUG POSSIBLE! WILL BE LOCKED LIQUIDITY! +✅ STEALTH LAUNCH +✅ ANTI-BOT + ANTI-WHALE MEASURES! +✅ WHITEPAPER! +✅ ROADMAP! +✅ WEBSITE! + +🌐 Official NYANSHIB Links: + +👉 Website: https://nyanshib.io/ + +👉 Telegram: https://t.me/nyanshib + +👉 Twitter: https://twitter.com/nyanshib + +👉 Whitepaper: Here! (https://nyanshib.io/wp-content/uploads/2021/05/nyanshib-whitepaper.pdf) +I lived in extreme poverty until about 4 months ago. My mother had to borrow money for food every month, sometimes multiple times a month. I had one pair of pants for the past 6 months because she couldnt afford to buy me new ones. I had maybe 3 tshirts. I thought that only being able to afford one second hand tshirt a month was normal. Sometimes I had to choose between buying new contact lenses and buying food for my dog so I ended using monthly lenses for 2 full months or more. I had a severe health issue and couldnt see a doctor to check it since I was 8 years old and Im 20 and now its become so bad that medicine for it hardly works. + +I got a well paying job 5 months ago. I'm now able to buy new clothes every month. I finally bought a new bed and a brand new phone. I bought some art supplies and a tablet and on my way home I went to a manga store and bought 5 volumes of my favorite manga just because. Im now able to participate in my hobbies and learn new things. And when I realized that If I wasnt poor I could've had these things years ago and pursue new interests and travel and see the world and go grab a pizza with my classmates without pretending to be busy because I couldnt afford it I started crying. I feel like poverty robbed me of so, so many important life experiences. I wanted to learn chinese when I was a child but chinese courses were out of the question because of the price. I wanted to learn to play piano but my mother couldnt afford piano lessons. I wanted to develop my own personal style but all I had were clothes that my cousins grew out of. And I will never get my wasted childhood back. All I have to look back on are memories of 7 years old me worrying If I'll eat tomorrow. And 13 years old me not being able to participate in any school trips because we couldnt afford even the cheapest ones. And not being able to hang out with my friends who lived 30 minutes away because the bus ticket was 2pln (40 cents??) and my mother didnt even have 2pln to give me and them thinking I was lying all the time because Its impossible to not even have 2pln. + +edit: I dont have the energy to respond to all the absurd comments so just to clarify: Im going to college for graphic design. My laptop doesnt work and the tablet was literally the only way for me to make a portoflio. And even If It wasnt necessary I dont feel like I need to justify buying a few nice things after legitimately having only money for food (or not even) for my whole life. 5 volumes of manga is 100 pln so around 25$. Please stop acting like Im blowing all my money on 6700 avocado toasts. +Every cryptocoin should only be avaible through FIAT transfers. Because we're tied to BTC's price, we're all doomed. This has to stop. FIAT pairs for all cryptocoins would be more fair! Why can't we organize a serious petition? I'm frustrated and I know many here are too +deleted post in question: + +https://www.reddit.com/r/CryptoCurrency/comments/md55u9/if_youre_a_noob_you_need_to_be_buying_ethereum/ + +They've deleted it TWICE now. It was the #1 post on their subreddit. + +I can't find a copy of what it said anymore (because those crazy mods keep deleting it) but it literally just talked about how Ethereum is undervalued. THATS IT! + +Seems like some mods over at /r/cryptocurrency have a problem with ethereum. +Is algorithm trading fruitful? Does it have better returns than just trading with your own knowledge? and... is anyone involved in algotrading here?? I found out about it recently and wanted to know if it is done in India. +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) +DTC-2021-005 is suppose to protect the market from naked shorts, yet soon after it was published by the DTCC, it was "removed for reformatting to be republished within TWO WEEKS". That was more than a month ago. + +Who may be reponsible for it's removal and made sure that it will never see the light of day again? + +I can see one person who have the motive and ability: [David Inggs](https://www.dtcc.com/about/leadership/board/david-inggs), who is Global Head of Operations at Citadel and Citadel Securities and guess what, he is also a Board Member of the DTCC. + +So as a Board Member of the DTCC, David has control over the DTCC rules that govern Citadel, and as Global Head of Operations for Citadel, he is governed by those rules. + +I have yet to see a better example of a conflict of interest anywhere. +Few years ago I inherited some money. Last year I've got a better paying job and as soon as I could I decided to look into buying my first property. That way I could live better and build equity. In the meantime I was also able to save a lot. Altogether I had almost 90k in savings, deposit ready. With my affordability I was looking at flats for about 250k. That's not much for London, but it's just about enough. I looked into places that are more difficult to mortgage, navigating potential issues like cladding, high rise buildings and non standard construction. I looked at all sorts of weird flats, most of them refreshed in a shitty a way, masking damp and mould and overpriced. But property auctions caught my eye. They weren't hiding anything. Sold as is. I did my homework, checked legal papers, lending criteria, confirmed it's doable in short term. I found my perfect home, which probably a lot wouldn't consider perfect, but I loved the brutalist roughness of it. And the bidding started. I had a limit set, given all the risk, but I went over. 20k over. I couldn't let it go. Basically bid up to my total limit. And I won. All the excitement, fear and anxiety! Damn, I was shaking when auctioneer called me to confirm I was the winner and to pay the deposit. 25k. + +Then the stairs started. See, my mortgage wasn't fully secured, I was still waiting for the bank valuation. And guess what - they decided not to lend, because over half of the occupiers in the building were council tenants. I was devastated, but didn't give up. Made 10 or so applications, worked with various brokers, specialist lenders and looked at short term bridging loans. Turns out there was always something that stopped me. Number of floors, value, length of ownership, my previous applications, not enough offered by the lender. + +And the clock was ticking - I had only 28 days to complete purchase. You see where this is going? + +As of today it's 13 days. Santander, the last lender I can realistically consider, does their valuation today. I don't have high hopes. Even if it somehow comes out positive, I will unlikely complete in time. I can't afford bridging loan and it involves too much risk, I don't want to drawn in debt rising by 0.5% monthly, uncertain if I can get a mortgage or resell reasonably. But valuation will unlikely be positive. Surveyor will probably say something like "some lenders don't lend on this type of property, so we advise not to lend". Screw the logic. + +I'm starting to accept the loss of 1/3 of my savings or more. Basically everything I saved since I started my job. I'm starting to accepted I'm probably priced out of London now. + +Part of me still hopes the auction house and the seller may agree to negotiate, maybe offer the property to the second highest bidder, but it's unlikely. Seller is a house flipping company, they have legal costs of £6000 which I have to cover. I don't think they're interested in playing the good guys. + +I feel ashamed and lonely. I didn't tell most of my friends, only three people know. Especially not those who are better off. Now I will probably have to keep this a secret for a long time to come. At least Reddit can learn from this. +No, I cannot and will not walk or bike to my job. Why? + +- The DRIVE alone to work is 30 minutes. +- Move closer? Sure, if I want to pay $1200 for a studio. +- There are no true safe places to walk or bike in my area. Drivers do not give a fuck. +- While my job is casual, I need to maintain a professional appearance. We do not have showers for me to scrub away the stink and sweat from trying to walk/bike across town and back daily. +- I do not work in a close, tight, NYC style city. Quit assuming that I do, or that I should immediately move to such a place. I live further from the city to save on rent. Also, my job isn’t even IN the city. +- MY CITY IS SURROUNDED BY WATER AND WE TRAVERSE IT BY BRIDGES. MOST OF WHICH DO NOT HAVE BIKE LANES. +- Too lazy, you say? I walked to all of my college classes no problem. Why? Because they were only a few miles apart. Why am I not walking to work? Because the walk could actually cause me medical problems, especially with how hot it gets here. Nobody is hoofing it to work when the drive is already 30+ minutes. I’m glad you’re able to channel your inner Usain Bolt during the week, but I’m not quite as fit as you are. +- Public transportation in some areas does not exist outside of the city area. People at work have said that if the bus ran through our individual towns and cities all the way to work, they’d happily take it. But it doesn’t. Stop assuming we’re making excuses. + +I see these suggestions in money saving articles all the time and I can’t help but think that some of these people have never lived outside of a big close knit city. +I’m purchasing a 4-unit property in NH for 280k that needs about 100k of work. The house just appraised for 440k in its current condition. It’s currently bringing in $6,000 a month for rent, and all of the work that needs to take place is on the exterior and on the heating system. I will not have the cash to perform the work after I close, which is in 6 days. I am putting 25% down and my interest rate is 7.625%. + +My question is, should I do a cash out refinance immediately and use that cash in equity to perform the repairs or wait a year or two until I can save up the money myself to do the improvements on the exterior and heating system? The heat will most likely still work until then but I would rather replace it sooner than later to avoid a headache. I will be able to save about 100k in cash in the next 2 years on my own. + +Yes I know that I am very fortunate with the purchase price. I am purchasing this property from a family member that wants out of the business and is ready to retire. I have an excellent relationship with her, and 280k is all she needs to meet her magic number so that is why I am getting it for such a discount, as she trusts that I will improve the property significantly under my ownership. This is part of the reason why I am considering the cash out refinance so that I can do the upgrades sooner to make her happy, as it is important to her. + +Thank you in advance! +I've been a long time lurker, and reading about others success towards achieving financial independence has been a huge source of inspiration for me throughout the past decade. Thank you all! + + +This week I put my 2 weeks notice at my job. I'm 31, and the Mrs. is 29. I've been going hard as a Software Developer for about 10 years, and while I have enjoyed it - it has never been my calling. Simply something to pay the bills. However, I was able to later combine this skillet with a passion of mine (a SaaS business). Yes, I am being intentionally vague - but it's business is primarily data analytics. + + +**Household Income Progression:** + +**Yrs - Income** + +1 - $50k + +2 - $75k + +3 - $100k + +4 - $115k + +5 - $135k + +6 - $140k + +7 - $145k + $45k (Business) + +8 - $160k + $120k (Business) + +9 - $180k + $250k (Business) + +10 - $190k + ~$400k (Business) + + +Throughout our careers we stashed away just about everything we could in 401k's, IRA's, HSA's, and taxable accounts. No stock options or grants, and no bitcoin windfall. Got super into the credit card churning game at some point, sold a ton a mile/points. Overall, my wife and I are pretty frugal. We don't really have a taste for fancy things. Our one car is a beat up 15 yr old Nissan Altima. We also have committed to not having children (Just a bunch of dogs). + +About mid-way through my career I started working on a software product in my free time. The first iteration was a complete flop, and garnered no traffic/customers. I continued to work on it for a couple of years, and in 2017 I pivoted to a similar SaaS (Software as a Service) product. + +This SaaS product then slowly grew since 2017, and is now netting $47,000 per month (MRR). I expect it to continue to grow at least for the next 6-12 months. + +While this business was in it's infancy, my typical workload ranged from 10-40 hours a week. It was definitely tough balancing with a full-time job at times. Often I would have to wake up at 3AM to deal with an outage, and then have to work at 9AM. Now that the business is more automated/stable, it's more like 10-15 hours a week. + +I don't yet have any employees (well, except for my amazing "Executive assistant" - the Mrs). + + +**Current NW Stats:** + +**Cash/T-Bills:** $375,000 (Preparing to move to new house, paying cash) + +**Taxable:** $763k + +**Tax Deferred:** $674k + +**Primary Residence Value:** $450k + +**Mortgage:** ($228k) + +**Expenses:** $1,750/mo + +**Mortgage:** $1,912/mo + + + +After quitting job, moving to our new house (~$480k), and selling our current house it will be like: + + +**Expenses:** $2,200/mo + +**Tax/Insurance:** $420/mo + +**Asset line interest:** $300/mo + +**Health Insurance:** $580/mo + +====================== + +**Total:** $3,500/mo + + +Yes, I know this is not quite the "Achieved FI, and I'm retiring for good" post. I will say due to the highly competitive nature of my business, I wasn't confident in quitting my full-time W2 job until we achieved FI without relying on business income. With no income we'd be right around 2.5-2.75% withdrawal rate. + +For now I get to put off the existential questions about what I will do with my free time, as I'll be running my business. I do intend to sell it at some point soon, so that may be sooner rather than later. + + +I hope this doesn't come off as gloating, but I was just hoping to maybe share our slightly unique path to FIRE! +…so I did some research, see Section 2 below. Before I started, I would have guessed it would be between 5% to 10%. I was actually shocked how high it was. Nearly everyone I know has kids or planning to have kids. + +Please know, this post is not anti-kids. I do like kids and have many lovely nieces and nephews, but for personal reasons I decided not to have my own. The decision was nothing to do with FIRE, but it did make it quicker to achieve. + +This is my first post and first account after reading posts for months, I decided it was time to share my thoughts. We actually FIRE’d before we knew this was an actually thing! + +&#x200B; + +**Section 1: Our FIRE journey** + +I met my husband at 30 (he was 31) and we had 2 years of dating, spending, travelling and going out 4-5 times a week. + +**Age 30-32**, our joint take home pay was not massive and we had no family money. He is a journalist, I am an accountant. + +* 42% went on mortgages (with modest over-payments) we already had our own one bedroom apartments. +* **58% went on “expenses / living / entertainment / stuff”.** + +At 32 we eloped and got married. No friends. No family. No stress. No silly fights. Very romantic. That saved us so much, our FIRE journey had begun. Most of our friends were having the big fat wedding, buying a large house, 2 new cars and having 2 or 3 kids. + +I squeezed into his small apartment and put tenants in my larger one. We also had a MAJOR life style change. Our nights out reduced, travelling nearly stopped, and buying “unnecessary things” totally stopped. We also did usual money saving things. + +**Age 32 to 41**, from our net salaries and the one rental income + +* 85% now went into repaying the two mortgages (with large over-payments). +* **15% for “expenses / living / entertainment / things”.** + +**Dropping from 58% to 15%** was down to sharing one small property, economies of scale, the incoming rent, long hours and salary increases AND the major life style change. In our 20’s we were single (on and off), carefree, partied and travelled extensively. So we were now happy to be a boring married couple. + +With both mortgages repaid at 36, the savings climbed quickly. We both did not really enjoy our jobs much due to the long hours and stress, so it was amazing to resign. FIRE at 41. We sold both properties and moved 180 miles where properties were much cheaper. + +We both could still have work for more years and saved more money, but what is that saying: **“You do a job you hate, to buy things you don’t need, to impress people you don’t actually like”.** + +We are now 48. For the last 7 years, very chilled and live a humble simple life. NW c$1.95m (Is that classed as Lean? Some of you guys have a huge net worth!) + +&#x200B; + +**Section 2: The “kids” vs. “no kids” debate and the 17.9%:** + +Yes, our FIRE was achieved quicker by not having kids (joining the 17.9%), but FIRE was not the reason for the childless decision. On our first date, I don’t know how or why it came up, but we both said we did not want kids. We both had our personal reasons and difficult family histories. + +The average statistics from random reports (see Note 1 and 2 below) covering the USA, Canada and UK: + +* **80.1%** have children. +* **17.9%** are childless. (USA 17%, Canada 19.5% and UK 19%, see Note 1 below) +* **2.0%** cannot have children. (see Note 2 below) + +It is not an exact science, due to timing, margins of error – so still very subjective. I guess out of the 17.9% there are women who actually wanted kids, but circumstances were against them. + +**Bringing up one kid to age 17 can cost up to $390,000** – depending on your earnings / lifestyle (see Wikipedia “cost of raising a child, Note 3): Again – very subjective and no calculation for opportunity costs and all those expenses for a kids 18+ (university, weddings, boomerang kids, grandkids etc.) + +FIRE is harder and takes longer with kids. We have huge respect for those who achieve FIRE with kids. + +So it is down to you in the end. What do you want? There is no right way or wrong way! With or without kids. FIRE quick / slow / fat / lean. If you have a FIRE partner, it also helps if you are on the same page! + +Good luck to those just starting out! + +&#x200B; + +**Note 1:** + +Simple average of all 12 percentage found: + +USA: 18.8%, 17.1%, 14%, 14%, 20%, 15%, 20% + +Canada: 18.94%, 20% + +UK: 20%, 20%, 17% + +[https://www.dailymail.co.uk/news/article-5227051/Britain-nearly-women-not-having-children.html](https://www.dailymail.co.uk/news/article-5227051/Britain-nearly-women-not-having-children.html) + +[https://www.statista.com/statistics/241535/percentage-of-childless-women-in-the-us-by-age/](https://www.statista.com/statistics/241535/percentage-of-childless-women-in-the-us-by-age/) + +[http://www.pewsocialtrends.org/2018/01/18/theyre-waiting-longer-but-u-s-women-today-more-likely-to-have-children-than-a-decade-ago/](http://www.pewsocialtrends.org/2018/01/18/theyre-waiting-longer-but-u-s-women-today-more-likely-to-have-children-than-a-decade-ago/) + +[https://www.nytimes.com/2018/01/18/upshot/the-us-fertility-rate-is-down-yet-more-women-are-mothers.html](https://www.nytimes.com/2018/01/18/upshot/the-us-fertility-rate-is-down-yet-more-women-are-mothers.html) + +[https://www.psychologytoday.com/gb/blog/savvy-auntie/201112/unnatural-women-childless-in-america](https://www.psychologytoday.com/gb/blog/savvy-auntie/201112/unnatural-women-childless-in-america) + +[https://www.theatlantic.com/health/archive/2017/05/how-people-decide-whether-to-have-children/527520/](https://www.theatlantic.com/health/archive/2017/05/how-people-decide-whether-to-have-children/527520/) + +[https://gateway-women.com/tag/how-many-childless-women-are-there-in-the-uk/](https://gateway-women.com/tag/how-many-childless-women-are-there-in-the-uk/) + +[https://www.independent.co.uk/life-style/childless-women-on-rise-more-than-ever-before-fertility-crisis-menopause-career-study-reveals-a7882496.html](https://www.independent.co.uk/life-style/childless-women-on-rise-more-than-ever-before-fertility-crisis-menopause-career-study-reveals-a7882496.html) + +[https://nationalpost.com/opinion/joe-oconnor-selfishness-behind-growing-trend-for-couples-to-not-have-children](https://nationalpost.com/opinion/joe-oconnor-selfishness-behind-growing-trend-for-couples-to-not-have-children) + +**Note 2:** + +The 2% - who cannot have kids + +[https://www.bionews.org.uk/page\_93930](https://www.bionews.org.uk/page_93930) + +[http://globalfertilitymap.com/#3.8642546157214084,-18.28125,2](http://globalfertilitymap.com/#3.8642546157214084,-18.28125,2) + +**And Note 3:** + +[https://en.wikipedia.org/wiki/Cost\_of\_raising\_a\_child](https://en.wikipedia.org/wiki/Cost_of_raising_a_child) +I made this simple Google Sheet to compare the holdings between ICLN and ZCLN. There are some holdings with a much lower weight in ICLN but for the most part, they are pretty similar. Unless you’re fine with exchanging your CAD for USD, I suggest you take a look at ZCLN instead of ICLN. What do you think? + +https://docs.google.com/spreadsheets/d/1tZq540-2RmBGggt7DI0QRkapUVCmouVcAUjImQHxj0Y/edit?usp=sharing + +Edit: ZCLN has a MER of 0.4%, ICLN has a MER of 0.46%. + +Also, to whomever is downvoting all the comments, get a life. + +Update: I added HCLN to the comparison as well! Their MER is 0.4% +In the last days we have seen a MASSIVE influx of low effort low quality content in the sub. We went from memes to per personal nonsense stories about how: + +"im from brazil and crypto saved my life bc my 30usd are now 35" + +"my mom doesnt understand crypto but she said she supports me bc i am obssesed and she loves me" + +"venezuela bad, crypto good" + +"crypto saved my life bc i now buy btc instead of drugs" + +and the countless BLAND, LAZY responses of the ppl here saying "hey there you go" "you are strong and wonderful" "keep on champ!" and what not + +I feel Im living in the minimum power my-man Rick and Morty simulation and all for what? To get 10usd in moons? are you guys fucking insane?? are you so desperate? + +BAN MEMES, BAN JUNK, CC FOR INFO +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! + +A few days ago I thought I'd try my first Twitter thread and make it something topical, Kogan. I hope it's okay with the mods but I thought I'd port it here in slightly longer form. While seemingly out of character for my predominantly tech/nano-cap posting, I actually worked at JB Hifi for several years a long time ago, so the journey of Ruslan Kogan has been something of an amusement for me for a long time. + +I've included a poll to try and capture sentiment towards KGN (Positive/Neutral/Negative). + +Ruslan founded Kogan in the mid-2000s, buying smart phones on the cheap in Asia then reselling them in Australia. He later branched out into TVs & other electronics. Products were dropshipped (no inventory held), meaning low capital requirements but also low margins. + +Because of this, for years, profit was relatively low and inconsistent. The second largest shareholder, David Shafer, a school friend of Ruslan, joined the business before its 2016 IPO. They realised that increasing their product range and holding inventory (private label) were probably the key to growth and profit. + +In 2016 the business floated and raised a large amount of capital to, among other things, stock up on inventory. This cash ended up being largely retained as the stronger balance sheet gave suppliers confidence to stretch out payment terms, which helped fund the increase in inventory. + +The strategy worked, with sales, profit and margins all increasing substantially. Helping alongside was a burgeoning mobile business which sold rebadged prepaid Vodafone service for a commission. This had some marketing costs it but it was otherwise basically pure profit and dropped through all the way to the bottom line. + +There were hiccups though. The phone reselling and dropshipping business fell off a cliff due to the combined impact of the introduction of GST and sizeable currency headwinds (see prospectus disclosure for 2015). The prepaid mobile business has since matured, but has been relatively flat since early 2019. + +However, the private label kept growing. + +Growth in private label wasn’t without risk. It required more products, meaning expanding outside Kogan’s strength in electronics to other areas like furniture, groceries, air conditioners & books. This required inventory. More inventory which took longer to move. + +The rate at which inventory turned over dropped from >5x per year (around IPO) to \~2.5x in the last reported period. This meant inventory grew faster than sales figures, placing increasing strain on the balance sheet and impeding cashflow. + +Marketing also grew faster than sales, meaning that Kogan’s margin after marketing and variable costs remained in the single digits despite an increasing amount coming from the higher margin private label collection. + +Eventually, even private label began to falter with sales and gross profit stalling in 1H20. Group earnings also flatlined despite benefitting from new income streams like ‘Marketplace’ (a dressed-up rehash of the drop-shipping business?) + +This is where market sentiment turned. The share price fell from $7.94 in January 2020 to $5.30 just before COVID. Other concerns were regular share sales by management, erratic and selective reporting disclosures and poor online reviews. + +But then the Great Reprieve happened for ecommerce companies around the world. COVID-19. Locked down people with stimulated wallets could not shop in physical stores. + +Online retailers that had struggled to turn a profit for years due to low barriers to entry and ever-increasing marketing costs were all of a sudden printing cash. Share prices skyrocketed because stonks always up. KGN appreciated in value far more than somewhat sturdier competitors. + +At some point though, these tailwinds would abate. Things changed here in Australia with COVID, but had they changed THAT much? In the March quarter update Kogan revealed sales had slowed dramatically, EBITDA had halved compared to the same time last year. We see “one-off” demurrage charges. A red flag appears. + +Demurrage charges are incurred when you fail to pick up cargo on time. It is very expensive, and usually avoided at all costs. So why did Kogan not delay new stock purchases to avoid this happening? Is there slow moving inventory stuck in warehouses? We don't really know. + +Kogan signed new third party storage to handle the excess inventory. Will these deals be on similar terms to those currently held with related party eStore Logistics? + +Will Kogan need to write off a large chunk of its inventory balance, over $200m? Will margins take a hit if they clear stock by discounting for an extended period, despite private label margins already dropping extensively? + +Or maybe Kogan can rejuvenate sales growth and start moving that inventory somehow. They've certainly proven themselves to be capable operators, dazzling the market before, so I'll be watching this space very closely. + +[View Poll](https://www.reddit.com/poll/n2zjo0) +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). +Hi, I am from Hungary, and I want to withdraw my USD money to my hungarian bank account which is in USD currency. Although paypal is forbidding doing it without currency conversation. They are resisting sending USD to my USD account without changing it to HUF which is my country currency. This is absurd and makes me very very annoyed. They are saying this is the agreement between my country and paypal and they can do nothing against it. What a bulsh\*t. They are robbing us. How can paypal ruin peoples rights so simply in 2021?? + +Their replay you can check on this image: [https://imgur.com/SyqIvzc](https://imgur.com/SyqIvzc) +Greetings all. Bit of background: I've been on this sub for years (was even a mod temporarily when /u/only1parkjisung modded a bunch of people for fun long, long ago), and I've been in the hedge fund world for about a decade (I'm a sell-side analyst; won't go into more detail than that as it isn't necessary). I mention all of this because I know both how this world works and how the hedge fund world works, which gives me a unique insight into what might happen next. + +I won't make any predictions on GME, BB, or other stocks, because I don't think the squeeze's biggest risk right now is there. Rather, the biggest risk comes from what we've already seen happen over at Discord with the shutdown of the server. Note that Discord has had significant investment from private equity funds including FirstMark Capital, Greenoaks Capital Partners, Index Ventures, IVP, Greylock Partners, Benchmark, Accel, General Catalyst, Ridge Ventures, Spark Capital, and Tencent Holdings. At least one of these firms has invested with Point72 Ventures, which recently helped Melvin Capital. So it's not too surprising that strings were pulled to get the Discord channel banned for "hate speech" (which is a very useful brush to tar anyone with, as anyone who challenges it can easily be dismissed as a nazi). + +Now, this subreddit's long history of using several slurs is an opportunity for the hedge fund world to claim it is a hate subreddit and pressure Reddit to get it closed. I recommend the r-word and f-word be banned by mods for this reason; yes I know it is stupid and, well, r-worded, but best to play the game and self censor rather than give these assholes a single in to destroy this community. + +What is the risk of Reddit getting orders from owners to shut us down? At the moment, I'd say pretty low, but the bigger it gets the more there is that risk. Reddit is owned by Advance Publications, which is owned by Donald Newhouse and the Newhouse family (some details here: https://en.wikipedia.org/wiki/Donald_Newhouse). Fortunately, Newhouse's family office (think a private hedge fund dedicated to investing just the family's money) is pretty far removed from the hedge fund world afaik. The family office's CIO (details here: https://www.institutionalinvestor.com/article/b1g6j2tztzpb3t/A-New-CIO-for-One-of-America-s-Richest-Families) got her career started in the investment bank world and did not work for hedge funds, at least according to her Linkedin profile. So the Donaldson family has limited motive to stick their necks out and force a ban of this subreddit. + +However, it remains a risk and a very serious one. I suggest the mods work together to get some legal representation going; if Palihapitiya was serious about investing in the WSB community, I'd suggest putting some money aside for this and for compliance. A kickstarter fund would not be a good idea because of the ease with which bad faith arguments of collusion could be made. + +In short, WSB is at the mercy of Reddit's admins, who are at the mercy of its executives, who are at the mercy of the owners. While WSB is making serious progress as a revolution against the billionaires, this is a very serious weakness that the Discord ban has exposed and that mods need to work on fixing asap. +Just want to post and remind people here of the reality of negotiations going bad for you. Most posts here about starting new jobs recommend that you always negotiate your starting wage as most employers expect you to. While I would still recommend this too, I will say make sure you are negotiating from a position of strength. Luckily for me, I’m still employed with a job I like and could afford taking on the risk of losing an offer. But for people who are unemployed or underemployed, I would think twice before possibly losing a job offer. Know your worth. + +Little backstory on the job offer: + +I currently work as an Application Engineer for a company that I genuinely enjoy. My pay is fair, it’s an ESOP, I never have to work over 40 hours (usually only do 37.5) and the first $2,500 of medical expenses per year (out of $6,000 total deductible) is paid for by the company, which makes going to the doctor a lot easier knowing I won’t have a bill. We also receive bonuses based on company bookings. These bonuses give me an additional $12-14k a year. Safe to say, I know how good I have it and was not actively looking to change things up. + +A couple weeks ago, a CEO of a small company reached out to me on LinkedIn and presented an interesting opportunity. He had just purchased this small company (<5 people) in the area I was working. Basically this was a family run company and the guy he bought it from was looking to retire. He was going to stay on for additional 1-2 years to help train me be a suitable replacement for him. I liked everything about the opportunity and would have taken it if the compensation lined up. After the interview, I received an offer in my email. The base pay was about 13% higher than my current pay and this job also had bonuses, but I had no idea how easy they would be obtained compared to my current situation. He offered less PTO then I was currently receiving and I already knew I could kiss goodbye to my great work/life balance that I currently had, since he wanted to grow the company by 50% in the first year. The guy who was on the way out was already doing 60-70 hour weeks. I counter offered stating that I expected the work load to increase from my current position and that I genuinely don’t want to leave so I asked him to raise the base salary by $10k (A 15% increase from the initial offer) and that I would accept if he could meet that. + +He wrote back the following: + +“At that rate we will be pursuing a more experienced engineer with less demands at such an inexperienced level. “ + +In my mind that’s a very unprofessional response so I already know I dodged a bullet. + +But anyway just be careful when negotiating, but if you have a job that you like, play hardball all you want. + +Edit: Slight confusion for some posters in this thread. This company isn’t a start up it’s been owned by the same guy for over 30 years. He just never expanded it. New CEO just bought it a week ago since the former owner wants to retire but not leave his customers SOL. I would essentially being taking this guys place while he trains me for a year or two. + +Edit 2: /u/semisolidwhale summarizes it better than I can for anyone confused by the situation + +“ +A) if I understand correctly, legacy had nothing to do with it. The guy doing the interviewing/offer wasnt the original owner who was sunsetting out of the CEO position, it was the CEO of the company buying them out. + +B) OP states that the retiring head of the company was already putting in 60-70 hrs a week and that the goal of the new owner was to grow the business by 50% in the first year. Doubtful that the company was on a trajectory to glide into that kind of growth already. Hence OP, being new to the organization and tasked with a massive growth goal should expect to easily exceed the 60-70 he average of the previous owner and fewer PTO days. + +C) OP is currently an application engineer. This position sounds like a lot more responsibility. That can be a great opportunity in the right circumstances, but you can't pay your bills with opportunities to prove yourself and employers should compensate employees accordingly. + +D) OP states "I asked him to raise the base salary by $10k (A 15% increase from the initial offer)." This suggests the original offer was probably somewhere around 65k. Call me crazy, but asking 75k for a 60+ hour work well and being takes with leading the growth of a small company by 50% in the next year does not seem like an outlandish ask by any means. +OP had every right to expect a decent pay increase given the increased demands of the position. It seems likely the new owner has expectations that exceed their willingness to compensate accordingly. There's a reason it's called the labor market.” +Wouldn’t be surprised if all today’s gains are erased. Who gives a shit? There is no difference between $97 and $107. There is no difference between $97 and $207. All prices displayed are fake, they’re all a product of their algo and their experimentation with different price patterns designed to make retail sell. + +I’m not interested in selling at any price point they’ve offered. I’m only interested in increasing my bag. So I’ll continue to take the discounts they offer with their absurd daily rug pulls. +What do you do for active income? What jobs do you recommend for someone who wants to actively invest but is currently unemployed? + +I am in the middle of a career shift with no corporate experience. I have a bachelors degree and am currently getting an MBA. I ultimately want to focus on real estate investing however I need some income to live off of too. +*moons are a shitcoin* + +- moons are inimical to cryptocurrencys fundamental ethos; they're centralised + + +- moons degrade content and raise issues of trust due to monetary incentivisation to post + + +- the mods of this sub are paid in moons to do a job near all other mods on Reddit do for free (point 2 also relevant here) + + +- moon posts occupy a large chunk of the focus of attention on this sub, detracting from other value (this comment included) + + +- downvote armies trawl the sub and bury high quality content that is valuable to large audiences that otherwise miss it as a result + + +- children with moon fetishes assume every post is a moon farm, some are, alas an unnatural level of scepticism is woven through the sub as a result + The title says it all. This is huge because it takes money to buy you know what. + +That means we will probably get this NFT market place by the end of 2022. + +&#x200B; + +[Here is the agreement](https://preview.redd.it/5ruh22d5kmf81.png?width=962&format=png&auto=webp&s=723add8dee56d9ecde68576314d6231f6c997caf) + +&#x200B; + +&#x200B; + +[And here is the Milestone they talk about.](https://preview.redd.it/tsaq6ut7kmf81.png?width=940&format=png&auto=webp&s=d5e656ab5338a582ee00d122859f19c404522add) + +It's also clearly stated that they will work with Loopring guys ! + +I really hope that this will make some noise and that it will bring a LOT of people in. + +Edit: typo +I'm 59, divorced, no kiddos, no mortgage, vehicles paid for, zero debt, live on SSD (about $20K gross yearly) as well as minimum mandatory distribution from beneficiary account. I have two managed retirement accounts (one is my own IRA and the other is an ABO beneficiary IRA) and a TDA account I dabble in myself. TDA account is **64% MSFT** ($87K+), 23% CLOV ($31K+), the remainder in pennies (I know, stupid). The unrealized gain for MSFT this year is almost $17K and still have the rest of the year. One plan is to hold until Spring of 2022 then possibly shave MSFT and diversify. OR, hold MSFT for life and just invest in other growth companies, ETFs, REITs, etc with divies. Personal goal in TDA account is $500 a month in divies but I \~ know what kind of investment that takes. Comments and opinions greatly appreciated. BTW, MSFT is in my managed accounts. Just not the % I have in TDA of course. +For more info, start here: https://www.reddit.com/r/Superstonk/comments/spsa4v/a_warning_about_twitter/?utm_medium=android_app&utm_source=share + +These guys are adding nothing to this community except baseless speculation. They're virtual doomsday-ers pushing a misinformation campaign. One of our greatest failings as a sub has been to let their trash rise to our front page. It's a bad look to be associated with these type of accounts. + +I'd like to see how the community feels about banning all their lazy Twitter screenshot posts. + +Discussing the content of their tweets is fair game, but should be backed up by data. + +No more of this "Trust me bro" bullshit propaganda. +Yesterday I was downvoted for claiming this is going to happen. Not a 24hrs later and it sure did. Is this still considered here market manipulation or is it possible that Donald Trump is bending arms for better deals for the benefit of taxpayers? Or is it perhaps both? + +Edit, original comment as requested: + + https://www.reddit.com/r/investing/comments/5jttad/z/dbjnx4v +To make a long story short - I have had a remote job for 2 years. I bought a house in another state. Cleared with my boss ~ 9 weeks ago. Closed about 3 weeks ago. HR “found out” about a week ago. I was told by my boss they wanted to chat with me - not to worry. Had the chat today and I was let go. My boss didn’t know before 30 minutes before the meeting and yeah they made him be the one to tell me. + +Now it doesn’t matter if it was right or wrong or whatever. It’s an at will state and I was terminated. I do not have a claim for wrongful termination. + +But I just spent lots of money on closing costs (my savings) plus a last minute IRS debt cost me several thousand in order to close. I also threw out all of my furniture because most of it was too cheap or old to be worth transporting. Still cost me ~$2000 for the uhaul box I got. + +Basically, I’m broke. I’m fucked. Way more fucked than I would’ve been 9 weeks ago - for the record - but again, what’s done is done. + +I don’t have any subscription services to cancel. My car insurance just went down due to the move. I have filed for unemployment. I will (should at least) qualify for the max in my state but that’s about $2300/month before taxes. + +Sorry some of this is a vent but just looking for any advice I may have missed. +My Family is emotionally abusive and I was planning on moving out but didnt expect it so abruptly and soon. Im currently sleeping at a friend's couch and I am safe for now. I'm trying to file my taxes so I can ensure I get the stimulus check but till then I dont know what to do. I have 0 credit no debt and am currently two hours from any major town. There are little to no jobs and im just trying to land on my feet but I think this is the worst possible time to be on my own. + +I was thinking of moving to a major city because there I would get more support for being homeless and more possibility of jobs, but I think everything is shut down regardless. I just got a job at a grocery chain and im trying to sell my gaming setup to maybe buy a tent so I can get to work for acouple weeks till I can make a deposit on a apartment from selling my gaming rig hopefully. Im a girl so im trying to avoid the streets but honestly dont know how this all will work out. + +I'll take any and all advice because im feeling hopeless and just want to get out of these rough times so I can go back to school in August and study for my lifetime dream. Im scared and dont know what to do. + +Thanks. + +**Edit** for those asking im in Texas. + +Been trying to read every comment and pretty much have been crying cause I thought I was alone and the fact that there are people out there who care when I've been taught so differently has made me have hope again in humanity. It's 7 am and I should probs go to bed. The plan is to file taxes, start the process of applying to food stamps and finish the day with just job searching. Once Monday hits im going to start calling to see what I can do. I'm determined to not end up as a statistic or get lost to the system and fight for my education. Thank you. + +**Edit 2** I woke up and this blew up. Holy. +Thank you guys so much after two hours I just finished responding to most pms and chats. I am copying and pasting alot of the advice in this thread to a google doc so I can work on that. Im replying to more dm's if anything but im trying to read every comment since you guys have made me realize im not alone. I grew up in a household that taught me no one cares about your problems and never ask for help and today I have realized that is so wrong. Ive been crying because it's been this subreddit that has given me motivation to keep going and made me realize there really is faith in humanity. Thank you. +u/Criand and the many others that helped contribute to [The Theory of Everything](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) astonished me, and unless you prefer to keep your brain smooth, I highly recommend reading it before you do anything else. I have been following the "meme" basket of movies, retailors, cell phone makers, etc for some time, and originally theorized the movies and other memes were part of a hedging strategy to offset GME shorts, and became pretty convicted this was the case after analyzing [the trades on 6/2/21](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3). However, after the latest on the theory of everything, it seems much more probable hedging is probably only a small part of the correlated moves, as these positions have been packaged/collateralized, sold as portfolio swaps, and leveraged to the max. While we won't know for sure until bailouts are issued, we do know this is standard operating procedure on wall st. Just about everyone from 08 is still around (with far more AUM), and the moral hazard issues that lead to the 08 crash have been further removed by relentless FED intervention that encourages taking systemic risk, as anything less won't get you a bailout when 💩 hits the fan. Besides, Kenny's history continues to repeat itself, just browse the 59 SEC/FINRA violations from 💩a🔔 if you're looking for more [PROOF Kenny doesn't change.](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + +&#x200B; + +I "quanted" to test u/Criand's portfolio swap theory, and was inspired by u/gherkinit to put a VWAP (Volume Weighted Average Price) hat on. I used [Market Chameleon for the data](https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP), so no guarantee its 100% accurate, but should be close enough to draw some conclusions. Additionally, since VWAP is the average price based on where things actually traded, it gives a great look into what happens during each trading day as prices move around to help smooth out fuckery like when they [BANG the close](https://www.reddit.com/r/Superstonk/comments/oxdd1x/dear_sec_on_8321_gme_stonk_was_blatantly/?utm_source=share&utm_medium=web2x&context=3). So here is the raw correlation data of the daily percent change of a hypothetical LMAYO (Leveraged 'Meme shorts' About to Yeet and Obliviate 💩a🔔) Portfolio - + +[LMAYO Portfolio Single Asset Correlations - Daily VWAP Change YTD](https://preview.redd.it/6t2grj0jokj71.png?width=449&format=png&auto=webp&s=ec545078bd13e80c364d2791106c3a6f514b0807) + +Below is a chart showing the data YTD, with GME daily VWAP % Change as the X-axis, and all others on the Y. I've highlighted 🍿 and added an equal weighted LMAYO average - + +[LMAYO Basket - GME VWAP Correlation R2 = 0.7023](https://preview.redd.it/1ya5h4w2qkj71.png?width=842&format=png&auto=webp&s=69b3f66e074c1d6f80007eaced6d5aded85299e4) + +Now, does this prove the LMAYO portfolio exists? I think it's statistically impossible for it not to exist based on my 'dumb money low lizard fuk' data. How do I come to that conclusion? The strongest correlated assets to GME are 🍿 and Express, each giving a R^(2) around 0.57. Individually, these assets are correlated enough to impact VaR (Value at Risk) models, and minimize hedging/margin call risk if the holder was short GME and long the other stonk. **However, looking at the entire LMAYO basket vs GME, that correlation becomes stronger. SIGNIFICANTLY STRONGER!** Take the sqrt of 0.7023 (damn, almost 69) - The basket and GME are 83% correlated during the trading day. + +&#x200B; + +Now, let's take a closer look at what happened on June 2. During the trading of 6/2, 🍿 was on its way to the 🌙, and trading got halted in the middle of the day. Take a look - + +[6\/2 Tape of 🎮&🍿 - Take note of that amazing pink🍆](https://preview.redd.it/ooc2n1cyrkj71.png?width=1742&format=png&auto=webp&s=bdc99cde3298f6cb51190c2b07bc62f94d302da0) + +Before growing enough wrinkles to understand the LMAYO portfolio, and the additional leverage a ETRS (Equity Total Return Swap) and Portfolio Swap could create, while also using futures to hedge, I thought this was the smoking gun of my "hedge trade" thesis, as I stated in the [6/2 Post -](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3) + +*" If there was ever a smoking gun what 💩a🔔 is doing to ward off a margin call, this is it. During the halt, the main vehicle Shitadel has been using to hedge their GME short went away, right before one of the most important times in the day that institutions use in calculating counterparty VaR and margin needs. GME goes parabolic, because they couldn't hedge the short by purchasing AMC stock, they actually needed to start covering, and that volume spike gives all the confirmation anyone should need to infer some serious forced buying started. The exponential price rise continued until the moment AMC reopened. The HFT algos across the markets are currently programmed to respond to AMC price dumps with corresponding price dumps of GME, and the moment AMC reopened, 10 million shares were dumped, bringing AMC down over $10 in 2 minutes (hmm, recalling GME on 3/10 🤔), triggering another trading halt, but effectively stopping GME's exponential price rise."* + +This was back when I thought there was still some sanity and logic behind what's happening. While there is a chance there was some hedging activity at play, it seems much more likely Criand is right, the SHFs and MMs have made the LMAYO basket, created portfolio swaps on the basket, and used those baskets to further leverage the LMAYO portfolio short through those swaps. In fact, I think we can use 6/2 to even estimate the holdings, at least between 🎮&🍿. + +* During the trading halt highlighted above, GME traded \~1MM shares as price went parabolic, roughly 6% of the day's volume of 16MM shares. Lets assume 333k/min for simplicity. +* In the minutes prior to the 12:25 🍿 halt, GME was trading \~75k shares a minute, while 🍿 was closer to 3.5MM/min. +* The difference in volume during the halt vs non halt, since this is a rough estimate anyway, I'm going to assume 250k/min. In other words, a removal of 3.5MM shares a min of 🍿 trades led to an increase in GME shares traded of 250k/min. A simple ratio of this two - 3,500,000/250,000 = 14. +* I think it is safe to assume off the maffs the **LMAYO basket has 14 shares of 🍿 for each share of GME.** +* Using simple market cap as of 6/1, GME started the 6/2 trading day valued at \~$17B, while AMC was \~16B, assuming 70MM shares GME and 500MM shares🍿. This is close enough for a rough estimate to feel confident the amount of the GME and 🍿 shares held in the LMAYO swaps is likely around 14 AMC shares for every 1 GME share, with a value close to being equal weighted, making the equal weight analysis of the LMAYO valid. I don't have the data or time to analyze the other stonks in the LMAYO swap, but I don't think it changes anything material in the analysis either way. + +&#x200B; + +**TA/DR -** u/Criand most likely solved the puzzle, data supports the LMAYO portfolio swap theory, 🔔a💩 and the other members [of the Volton Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) are fukd. Buy, HODL, 💎🖐. This is not financial advice. + +&#x200B; + +BONUS CONTENT - Hell Yeah u/yelyah2! As she shared yesterday, [The GAMMA SPIKE IS BACK](https://www.reddit.com/r/Superstonk/comments/pb2u5i/the_gamma_spike_is_baaaaaaacckkkkk/?utm_source=share&utm_medium=web2x&context=3) \- Buckle UP APES! Feeling discouraged we closed red today? Don't - Hedgies r FUKd! Why? Although from yesterday's close to today's close, we lost $10 - the VWAP from yesterday to today shot up from \~199 to 208, gaining over 4%. While the hedgies fought all day to scare you into 🧻🖐, they couldn't pull it off, and probably ended up creating millions of new synthetic shorts they will need to cover. While on the surface it may look like they won today's fight, taking a closer look you can realize they spent millions, if not billions, today, and they still lost. Oh, also, we never even breached the gamma max price point from yesterday around $190, and instead of trying to minimize their gamma exposure, they created more of it. For all those that like to bet on doing weird things with food, fair waring, if we see upward momentum return tomorrow, the added gamma pressure from not covering today makes a return to $300 much more likely, in a very short time frame. 🚀🚀🚀🚀🌙 + +EDIT 1 - More proof, if you're tits can handle it, that our favorite pomeranian dropped 🔥 - https://www.reddit.com/r/Superstonk/comments/pbshru/irrefutable_proof_of_ucriands_subprime_meme/?utm_medium=android_app&utm_source=share +Edit: I’m a dumb, high ape so this isn’t financial advice, obviously. + +Edit 2: Don’t forget to vote! And only do it through links provided by GameStop’s official site or your broker! + +With GameStop selling the 3.5m shares at market value, they were able to sneak the sales to retail and longs since hedgies weren’t covering. + +They also timed it perfectly with the FTD cycle, allowing this catalyst along with less selling pressure to cut gravity in half for our rocket. + +They also now have half a billion in cash to announce an acquisition, (edit: ~~potentially riot games since Ryan Cohen tweeted that clenched fist and that’s their logo? Or~~ maybe the common speculation of SLG?) a catalyst in itself. + +In addition, they announced this after hours so any price increase wouldn’t be subject to halts. Meaning it can keep going up before open tomorrow and potentially get to margin call levels. + +The countdown is over. The rocket is taking off SOON. BUY AND HOLD WITH DIAMOND FUCKING HANDS. + +🚀🚀🚀🚀💎🙌 + +Edit 3: holy fuck what if Ryan Cohen’s Ted Tweet wasn’t just about bears shaking or bear bonds or whatever, what if it was also about doing something in private that turned out to be something we didn’t expect????? +Greetings apes. Hope everyone is well. Not going to waste too much time, so I'm just going to get straight into it. + +&#x200B; + +https://i.redd.it/xl7lrwpnuux81.gif + +&#x200B; + +I have been hearing a lot of talk brewing about an Executive Order and how it can affect GME. This actually has my tits considerably jacked because I've been researching this topic for a while now, so it's promising to see more people are becoming aware of what is to come. Much of what I am about to talk about is pertaining to geopolitics, so I won't go deeply in depth, but you'll get the gist. + +So what the hell am I talking about?.... + +**EXECUTIVE ORDER 14032** + +https://i.redd.it/ky3nfd1quux81.gif + +Well, what is Executive Order 14032? + +In simplest terms, it's an executive order signed by Biden (Originally by Trump in Nov 2020, back then it was Executive Order 13959) that prohibits US entities from investing in military and surveillance related Chinese companies that support the Chinese military. + +That's nice, but what's the big deal, Owt? + +Well, funnily enough, many US asset managers like BlackRock, Vanguard, JP Morgan, and many others have SERIOUS exposure to the Chinese companies that are included in the EO. Those Chinese assets are being used as collateral by these US asset managers. in other words, once their billions of dollars in Chinese assets and collateral become worthless, an old friend of mine named Margy will be making a surprise appearance, and she will want her money. + +&#x200B; + +https://preview.redd.it/hdeix1tuuux81.png?width=1140&format=png&auto=webp&s=dd03dc64f5e13ab5027b3ef2dd2721932629ebf0 + +&#x200B; + +I get it Owt, MM's and other asset management entities are going to lose a lot of money in collateral, but how exactly does that affect GME? + +Well, lets look back at November 2020. + +https://i.redd.it/c3nv5sbwuux81.gif + +&#x200B; + +In November 2020, Trump signed the original EO titled: + +Executive Order 13959 Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies + +This EO basically did what the new amended EO 14032 does, however, at the time that it was implemented, there were far less companies on the sanctioned list. + +[https:\/\/home.treasury.gov\/system\/files\/126\/chinese\_military\_gl1.pdf](https://preview.redd.it/keweijgyuux81.png?width=2880&format=png&auto=webp&s=9b40ec9a30b0b4b710c6e680c52c886c792913e4) + +However, what's important to note is the date. The EO was to take effect on January 28, 2021. + +What the hell happened on or around January 28, Owt? + +Well..... + +&#x200B; + +[GME ATH $483](https://preview.redd.it/vagsw130vux81.png?width=2782&format=png&auto=webp&s=f9533bea155e6b1f4c106fed0617baf6e670730e) + +&#x200B; + +&#x200B; + +[ATER ATH $48](https://preview.redd.it/32uzym31vux81.png?width=2880&format=png&auto=webp&s=7fe7f230639e35863d9a40309ff7d952ac871eed) + +&#x200B; + +[AMC $20](https://preview.redd.it/c2r14a22vux81.png?width=2880&format=png&auto=webp&s=1c96d24f99c9b976c0e16d72585a875680da3599) + +In short, meme stocks ran HARD. However, they plummeted a few days later. + +How come? + +Well, Biden extended the EO and gave the fucks more time to gather themselves from getting obliterated (RIP Melvin Capital). + +Biden ended up extending the EO a few days later to May 27th, 2021. + +&#x200B; + +[https:\/\/home.treasury.gov\/system\/files\/126\/ccmc\_gl1a\_01272021\_1.pdf](https://preview.redd.it/074nisg3vux81.png?width=2880&format=png&auto=webp&s=ae94d45d4bae63e4ef19ef0c4888076fa1249a75) + +Pretty nice of him right? So What happened when May 27th came around? + +lol.... + +&#x200B; + +[GME $344](https://preview.redd.it/1m1enpm4vux81.png?width=2880&format=png&auto=webp&s=926a7051b353da64c3bbd7a51063f7d067dfe76a) + +&#x200B; + +[ATER $21](https://preview.redd.it/2ohc32j5vux81.png?width=2880&format=png&auto=webp&s=ecde207352068b0881b4ad9de09aa1fede15e861) + +&#x200B; + +[AMC ATH $72](https://preview.redd.it/b55rumr6vux81.png?width=2880&format=png&auto=webp&s=83ae755f65e581c7e50edcd85506d7f24b416ab0) + +Memes did what memes do when marge calls. However, Biden once again EXTENDED the EO a few days later. + +Now look, coincidences happen, I won't deny that. However, for some reason, these sanctions love forcing meme stock runs and fucking shorts. + +&#x200B; + +[GME apes vs Shorts](https://i.redd.it/7vz3q6t7vux81.gif) + +Now, what's next? + +As I stated above, we now have EO 14032 coming up. + +When?... + +# June 3rd, 2022 baby + +[https:\/\/home.treasury.gov\/system\/files\/126\/14032.pdf](https://preview.redd.it/91un9hm9vux81.png?width=998&format=png&auto=webp&s=3e3958ebd1a999b3794cf463a5e02ac5c7df10de) + +With EO 14032, there are 70+ companies that have been added to list of sanctioned companies, larger than the amount that were sanctioned in EO 13959. + +Now, why don't I think he will extend it again? + +Taiwan is an ally of ours. Furthermore, they are the world's largest exporter of semiconductor chips. China wants to eventually invade Taiwan the way Russia wants to take back Ukraine. By allowing American institutions to continue to invest in companies with ties to the Chinese military, we are directly funding the efforts to invade Taiwan and speeding up China's efforts in reaching that goal. With the geopolitical unrest currently ensuing in Europe, Biden will most certainly be hesitant to extend this executive order especially considering the economic advantage successfully taking over Taiwan could bring to China. + +**THIS IS NFA** + +However, I have strong conviction that this thing is about to moon to glory in the next month and a half. +Eight figure payout, with a five figure monthly residual for nearly two years. Rolling it into a small family office that will manage it. And yes I’ll work on getting verified next. + +Edit: formed my own small family office, not really interested in other people managing. + +Edit 2 due to questions: so yes the FO is small but I’m putting it together with my nephew and heir who has an 8 figure real estate portfolio. Really focused on real estate with over a hundred doors fully operational. We’ve got finance and legal nailed down pretty well already. +I love reading the stories on here because they are so inspiring. I’m in my early 40s and I just discovered this sub this last year. I would love to retire early however my reality is that it probably won’t happen. If I could at least retire when I’m 65 I’ll be happy. Here’s my story for people who have fairly low income and/or start saving later in life. + +Annually, I gross $58,000-$59,000 a year and I live in a high cost living area. Luckily I was able to buy a condo when the market was extremely low in 2010 so my mortgage is lower then if I was renting. I am debt-free except for my mortgage so I’m able to save 25-26% of my salary for retirement, vacation etc. i’m trying to be a little bit more aggressive at putting extra money towards my mortgage so hopefully I can pay it off when I am 55 years old. + +I started saving for retirement a little bit in my 20s but didn’t really get aggressive about it until about mid 30s. I put 15% of my salary towards my retirement and hopefully I’ll have a nice chunk of change when I’m 65. + +Edit: +Thanks for all the comments. I realize $59,000 annual salary isn’t considered low income in many areas. However I live on California and it’s on the lower side. +I’m inspired to keep learning about finances and wanted to inspire people who might be in a similar position as myself. +768k Subs on Superstonk. And we still dont have 70k signatures for the letter to the SEC to ban PFOF. Apes.. Either there are 710k bots/shills, or there's 710k lazy apes lol. + + + +[https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on](https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on) + + + +5k moar, that's it and we met Dave's goal! Pretty cool! + + + +Edit : + + +Every comment mentioning that you should just be quiet and be zen and that's enough is FUD. Try your best to do everything you can to help benifit all individual investors long and short term. Nothing better for the shills than to shut us all up. I mean after all, according to CNBC we are a bunch of teenage Memesters who only dumped their stimmy checks into it. + + +Last edit : + + + HOLY SHIIOOOOOT IT'S SHILLY IN HERE AF TODAY AHAHA BULLLISHHHHHHH TO THE FUCKING MOON BITCH ASS HEDGE FUNDS. +Hi there. Late 30s couple with two young kids under 4. Currently living in 1,400 sq ft duplex that we purchased 7 years ago when we were DINKs. + +Wife and I have decided it’s time to size up accommodations. But the only houses that +meet our criteria (within 15 minute walking distance to kids’ school, single family, 2-car garage) are on the larger end. + +We’re considering going for a 6,500 sq ft property at $3M. I’m interested in hearing from those of you who live in 5,000+ sq ft houses as to whether you truly enjoy all the space, or find yourself thinking that you should have gone smaller. + +Edit: Thank you all for your thoughtful responses. It’s been great learning about how everybody lives. In summary, I’ve absorbed the following: most people are on team “smaller,” 2,500-3,500 sq ft has a lot of happy home owners, make sure to calculate upkeep, and there are still a few people who love their big spaces. Once my wife and I make a decision, I’ll come back here with another edit to let you know how it panned out. + +Edit 2: As promised, [here is the update](https://www.reddit.com/r/fatFIRE/comments/hip6yj/how_much_house_is_too_much_part_2/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), which was long enough to warrant a new thread. Thanks again, everyone. +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! + +Maybe it's just me but I dont see how Solana is so high up the rankings when theres so much controversy around it. The technology is good but aside from that it's an absolute shit coin, another "ethereum killer" that will probably die out once the biggest investors sell their bags. + +For starters how can the devs shut down the blockchain because of a glitch then call the platform decentralised? Do you think crypto could of ever come this far if satoshi shut down btc for repairs? Absolute nonsense. + +Then there was the discovery of a hidden 12 million coins which wasint disclosed to any investor. 12,000,000× £160 (roughly at the moment)= £1,920,000,000 is a lot of money to hide for no specific reason. + +And dont forget the announcement of bringing tether to their blockchain like that's something to be proud of, everyone in the crypto space knows tether is a liability and could put everyone's investment at risk. + +I know theres things I've missed out but I cant buy force myself to buy into this scammy sounding project, too many things wrong with it. +I know this sounds fucking ridiculous, but my music professor at school is the one who said this (it took him over half a class lmfaooooo), not some respected economist or whatever. Ignoring the fact that he hilariously indoctrinated his students in a music class, is it true that all countries that are rich nowadays became rich do to imperialism and/or colonialism and no rich country ever got rich nor can get rich on its own? Sounds B.S on concept, but what is the evidence? +I know this sounds fucking ridiculous, but my music professor at school is the one who said this (it took him over half a class lmfaooooo), not some respected economist or whatever. Ignoring the fact that he hilariously indoctrinated his students in a music class, is it true that all countries that are rich nowadays became rich do to imperialism and/or colonialism and no rich country ever got rich nor can get rich on its own? Sounds B.S on concept, but what is the evidence? +Hello FP Sub: Seem to be doing well, but literally have no idea of anything finance-related. Have $700K sitting in my checking account currently, which I’ve been told is not normal. I assume the advice will be to max out the IRAs and 401K, but beyond that, what’s next? + +My Wife and I earn very well and we’re trying to get a clue as to how we should proceed. Our goal, of course, is to parlay this money into passive income streams through (? Investments?, funds?, what??) + +Thank you for the guidance! +Tesla Inc (TSLA.O) top boss Elon Musk said the electric carmaker had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric car company. + +Tesla's shares fell 5% to $1,146 in premarket trading, after a steep jump following the news of the biggest-ever order - 100,000 electric cars for Hertz - on Oct. 25, which helped Tesla breach $1 trillion in market capitalization. read more + +Musk tweeted late Monday, "If any of this is based on Hertz, I'd like to emphasize that no contract has been signed yet." + +"Hertz deal has zero effect on our economics." + +Tesla and Hertz did not immediately respond to a request for comment. + +Interim Hertz Chief Executive Officer Mark Fields had told Reuters last week the order will primarily include Model 3 vehicles. Considering Tesla's cheapest Model 3 sedan starts at about $44,000, the order could be worth about $4.4 billion, if the entire order were for the mass-market sedan. + +"Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers," Musk said. +Recently I have decided to re-read Katharina Pistor's book titled "The Code of Capital", and it lead me to confusion about the word capital. To my knowledge, capital is a stock that when exploited has the potential to turn a profit. Yet in the book, the author claims that "Capital is a legal quality that helps create and protect wealth". Could we interpret it as meaning that the capability of capital to be profitable is reliant on the power of the state to uphold contracts and protect property rights, or is use of the word here is simply inappropriate? Katharina is a lawyer by education, so I am inclined to accept the second conclusion, but I would like the opinion of others on this matter. +Hi everyone, + +I'm curious about some recent meme stocks you know of that have failed to deliver. I'd like to know about those that seemed like they had real potential where there had been several threads that included what seemed like good DD, but the stock either never took off or it decreased in value. + +I ask, because as someone new to trading (long time buy and hold ETF investor though) I see references to certain stocks where I think the DD that others have done leads me to verify their findings and has me interested in investing as well, for example, NUMI. + +What penny stocks lately have had conversational traction with no upward movement in price? +I've been trading for over a year now. I was very skeptical with this at first, but I am now seeing this can turn in to a great opportunity if utilized correctly. I won lots of trades early in my career and I feel it might've gotten to my head as I was able to turn a $500 account in to $1000 within a matter of a couple weeks. I of course took some losses and was able to overcome those after some time. I eventually got the account up to $4500 after about 8months. + +However, Over the next 2-3months after that I saw myself losing the money I had gained. Eventually my account got down to $0. I've since took a break since I was frustrated and wanted to learn more. I've been watching videos and practice trading, and read a book while also reading this thread for tips and tried to stay on top of the market. However, I feel like I want to learn more and apply myself so I can make this a full-time gig. It's enjoyable for me, and it seems like a lucrative business. I just want some ideas on how people have become successful on their own, and what advice they may have received or criticism they may have gotten on the journey to being able to produce. Also, I'd love to know if there are any books you would recommend that may have helped you become a better trader. Thanks for the support in advance! +I’m struggling on my own currently and struggling to build a life for myself. I invited my mom to cohabitate so she could be closer to my little brother’s growing family while she got on her feet. +Am I the asshole for not thinking that’s enough and being afraid that the responsibility of providing for her will fall on me? -And that I’ll never get a real chance to be independent of her? +Update: Withdrawal has been successful. + +I humbly accept all the downvotes from BlockFi’s shills and the weirdos who don’t read the news before assuming this is a conspiracy thread. + +Every major outlet has reported the same news including BlockFi themselves. If you can’t read I can’t help you. + +This post is to alert more folks that BlockFi may be suffering a liquidity crisis m and to clarify that I just had my withdrawal erroneously delayed despite having done BockFi KYC / security checks multiple times including within the last month. + +After using 5 factors of authentication, including device based 2FA, two email confirmations, password, device fingerprinting, a previously used wallet address, no VPN… BlockFi has informed me that they need a live biometric (second time this month) and that they will require three additional business days to process the biometric before they start the week wait to process the withdrawal. + +I’m finished with BlockFi for good and I encourage anyone else to read the news and make their own decision. + +Inb4 “you’re doing this out of self interest”. A run on BlockFi could cost me 5-6 digits. People deserve to know before they get ripped. + +Edit - to the people asking me to link. This is literally every link if you google BlockFi and look under news. It’s been trending in Reddit’s top news for days. Why do you want me to pick who you hear it from? Choose your favorite source including BlockFi themselves + +Edit - I’ve reevaluated. I still want you to do your own sourcing but here’s the Forbes article incase you have a compelling reason not to: + +https://www.forbes.com/sites/nicholasgans/2021/05/19/blockfi-mistakenly-deposits-outsized-bitcoin-payments/?sh=2f4a21dd1dd3 +My textbook is Principles of Microeconomics by Mankiw. The page I'm referring to is 124. I also just don't understand how the tax burden can be equally divided between buyers and sellers if the tax is only on one of the parties. Is it because supply and demand will move the price to a new equilibrium? If so, how much time does it take to make that move? In the time that it takes to do so, are many people unfairly punished or get unfair gains from the situation? + +&#x200B; + +Edit: Thank you everyone for your responses, I really learned a lot +Holy moly! + +[Ryan Cohen to Become Chairman of the Board Following Annual Meeting](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-slate-director-candidates-2021-annual-meeting) +This is more relevant for long-term investors rather than short-term traders. Let's say you have researched a company and have bought some of its stocks. What are the factors you consider to decide when to buy more stocks of the same company again? + +1. When the stock price falls by X%? +2. When Nifty/Sensex falls by Y%? +3. Based on technical factors and/or any positive news about the company? +4. Based on asset balancing (whenever your equity portfolio drops below a threshold)? +5. Do you invest at regular intervals, irrespective of any other factors (like a mutual fund SIP, but may not be monthly)? +6. When you have funds available and you buy equity and debt as per your asset allocation philosophy? +7. Any other factor? +We will have a debt of 450k on 88k salary. Have never had a loan this big and am feeling nervous. Income will go up as I am a SAHM for 6 months. Newborn due in 2 weeks. How do people feel about a loan this big? We had a 300K deposit + +Edit 1: + +I was wondering lots of people are writing why pay back debt when interest is so low. People are saying get an investment property and let inflation pay for it. What if house values drop and interest rates raise? Then you lose money and have to pay back more, due to higher rates. Which means less money off loan and less in my pocket. What am I missing? Is this a very poor mans mentality or perspective. Thank you for your time 🤗 +I came across this article about a couple making $500k/year that was only able to save $7.5k/year other than 401k. Their budget is pretty interesting. At a glace, I could see how someone could look at it and not see many areas to cut. It's crazy how it's so easy to just spend your money instead of saving it. + +Here's the article: https://www.cnbc.com/2017/03/24/budget-breakdown-of-couple-making-500000-a-year-and-feeling-average.html + +Just the budget if you don't want to read the article: https://sc.cnbcfm.com/applications/cnbc.com/resources/files/2017/03/24/FS-500K-Student-Loan.png +I have been interested in dividend stocks, since I was told the company pays you, for only buying the stock. +I've always had the dream of living self sufficient with just dividend stocks, by purchasing enough stocks to match my current salary. +Yes, we all know about Warren Buffet, and his claim to fame. +But does anyone here have actually purchased enough stock to live without working, by only means of their dividend? + +Many thanks, +Pie +Hi, today the fear and greed index has dropped to an all-time low to 10. I would you like to know your opinion, do you feel fear or not? + +Since my investment portfolio consists almost entirely of NEAR and ATOM, which almost did not fall, I feel good, and I can not objectively judge, what do you feel? +Why was us dollar decreasing in value when it was backed by gold? Shouldn't it stay the same or even increase its value? But when you look at this [chart](https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-U.S.-Dollar-1000x600.jpg) you can clearly see the value of us dollar is always declining. After Nixon abandoned the gold standard I understand it because it is backed by nothing, but why was it decreasing when it was backed by gold? +We need to win this. The cost of living is destroying families. Rent in my city was 2800 a month for a sh*thole. Rate hikes over the past year have been of the order of 500-700 increase and there is no end in sight. So now that janky dump of a rental is going for 3300+. People are still scooping them up because they have NO option. 50-60% debt to income on your f*cking housing alone. Not even talking $9 a gallon for milk and other insane grocery hikes. $5 a gallon for gas. We are so f’d. Politicians will never do a thing. Not one is on our side. They are only loyal to their donors who want us to just die. + +DRS and DSP your shares. When those c*cksuckers have to hit the lending pools it’s gonna hurt them really badly when they can’t locate enough shares especially when ETF creation is limited or even unavailable to them. +Buy far dated, high delta options. Light a god damn fire under their asses and force them to buy your damn shares on the open market by exercising. Generate as many FTDs as possible so that CNS is overloaded. We need to destroy their margin. + +Blood is in the water. 3 days of 100% utilization is telling. The scales are tipping and I want to see these bastards on TV crying to chumps like Sorkin and these other c*nts about how they lost it all and how mean retail is. I want Kenny’s plane just so I can send it to a chop shop out of spite. +Are you making stock purchases based on opinions from analysts, CNBC, stock pickers, and everything in between? + +*Consider this: They make money off headlines.* + +The entire flock is preying on news-worthy quips like vultures on a corpse. Tom Lee at Fundstrat would be bullish during the apocalypse, Gordon won't ever raise his price target, Cramer cuts coke deals with the CEOs he's in love with, and the whole bunch likes to hear themselves talk (like giving stock advice rapid fire). + +So how do you truly figure out **what stocks are hot... or not?** + +*Research the macro situation surrounding the company, to name a few:* + +* Sector Tailwinds +* Economics +* Current and projected financials +* Leadership + +Then invest in companies: + +* *you believe in—hopefully, not always—with healthy balance sheets vs. their competitors.* +* *Whose products and services tickle you.* +* You *could sell to your neighbor.* + +Determine **the investment thesis**—the key reasons you believe in this investment—and create a narrative. Positive and negative. Know the outcomes of both scenarios, write them down, and evaluate the risk. + +Then? Jump blindly. + +*kidding* + +Adjust based on your preferences, but starting positions with a 1/4th to 1/2 of your total allocation works well. You can do some quick math and figure out what portfolio percentage you want to allocate to a new position. **Ease into it, slow and steady.** + +Buy the dips with the remainder, and don't chase stocks upwards, only down (within reason). And don't listen to anyone who tells you that "diversifying" is the only way, when you put in the work, you know **which sectors have favorable tailwinds AND are fairly valued**. + +There's news everywhere out there, and we crave its presence—telling us something about stocks or companies we don't know. However, most of it is fluff—buy this, sell that—how would you ever know if you don't dig the hole yourself? +Trading is a business, it isn't a get rich quick method. Just like business it requires money to make money, and most business aren't profitable after a year or 2. It take a lot of your time and requires patience and dedication you you should not give up. Although knowing when to give up is an underrated trait. + + +Forex trading REQUIRES a Trading Journal. It keeps you from doing something stupid and eliminates the possibility of an impulse trade. It requires you to write down your analysis instead of just thinking it. Writing down why you took the trade, Where you think the trade may go, What your risk appetite is, is all the questions that you should ask yourself before you take the trade. Taking Screenshots and documenting your trades is a MUST; it allows you to see the stupid trades you make on impulse and all those scalping trades would be prevented if you follow your trading plan and journal with discipline. + + +What most people mean by discipline and patience is that you NEED to wait for the market to come to you instead of predicting/thinking of what you want the market to do. What the market does and what you think it does is different. Waiting for the market prevents you from taking extra positions when they are unnecessary. + + +Backtesting is also crucial to a profitable trader. It allows you to test your strategies. People say the markets are bound to come a full circle and copy the past. If your strategy doesn't work when you backtest, what makes you think it will work live? Am I right? + + +Lastly, demo accounts. I personally think that demo accounts create more bad habits than cultivating good habits. The emotional standard you need is thrown out of the window. What i suggest is that you "DEMO" with a $100 account, using 0.01 lots. You lose a little and you gain a little. It doesn't matter how much you win or lose. Like I said from the beginning, Trading is a Business, you're bound to have some expenses before become profitable. Treat it like your college fund, a little tuition money. + + +TL;DR: +1. Trading is a business +2. Trading requires a trading journal +3. Wait for the market to come to you +4. Backtest, Backtest, BACKTEST! +5. Don't do demo +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. +I've done it. The last £500 of debt I had to pay off. I just want to share this immense emotion I have to someone. I am 31yrs old and have no savings, but I also now have no debt. + +My entire working life, every time I get paid I felt like a f*cking failure, because everything that went to my bank account went straight out. + +Throughout my life I have been living in debt. I grew up in a poor country, my father was the sole breadwinner and my mum a housewife, and we were 4 children they had to feed. I saw how humiliated my mum was every time she had to borrow from my relatives to keep us alive. I saw how my dad kept silent through it all and kept working hard, but I knew how he was disappointed in himself. They piled on credit card debt to the point they could only pay off interest every month, and as a teen I didn't understand how they could be paying so much and the total balance stayed the same for years and years. Both of my parents got scammed as well (details they didn't share with me) and they had to take personal loans for that as well. I finished my university under a scholarship and immigrated here in the UK at 24yrs old to have a better shot at life. I was earning much more, and I promised my parents I will pay off their debt and support them. For my first 5 yrs, all the savings I had left went straight to their debt. I did not know how to manage money so I also had to learn how to avoid the tempation of spending money on so many things I never experienced having when I was younger. I made a lot of mistakes as well, but 2 yrs ago I was nearly done paying off our debt. + +But then my father had a heart attack and needed an emergency heart bypass surgery. His medical bills cost around £8k. You have no clue how miserable I was, especially since I work in the NHS and I would have patients come in with a freaking heart transplant and not having to pay a single dime, the same day I had to send hundreds of pounds to pay for a night in ICU where my father was. I was back to debt. I worked and exhausted myself taking extra shifts. One night a week for the past 2 years, I would cry my heart out because the world was so unfair and I was just so exhausted. I was supporting almost all their finances while trying to keep myself alive here on my own. + +Tonight I will probably cry too, but it will be tears of joy. I have paid my last £500 and for the first time since being an adult, there is no more debt to my name. My family is debt-free. We can all finally take a deep breath and begin again. + +I have today listed all my financial goals, starting with an emergency fund. Ain’t the best to be 31 and still on the emergency fund stage, but I don’t care. I am so excited to start my real financial journey. I've been reading and learning a lot from this sub, so thank you all for the knowledge you share. I feel ready for the future and any more advice is entirely welcome. Thank you + +TLDR: my entire life I have been living in debt, I finally paid off every f*cking thing and now I can start my real journey. +I'm sure a lot of people come to FI and feel behind in their goals. Some of us were unfortunately burdened by college debt, while others just didn't save during their younger years. On the other hand, there are those who graduated from college with a six-figure salary and saved immediately. We are all very different. + +Maybe this thread can give us a better perspective, perhaps some relief, or pad the ego, for some of us in the community. + +I'm 29 and have yet to hit 100k. After college, I drug my feet and stayed at a low paying PT job for a couple years while I continued to party and live in a large/cheap shared home. Once I got into the corporate world it took a while to find a path and to grow my income. If the market doesn't shit the bed, I am on track to hit 100k next year, but who knows. +I can’t be the only one with this conflict. We’ve been together almost 3 years. Right before we met, I made a decent investment into crypto. By now, I’ve made good money, but it’s not like I’m rich or anywhere close. I really just want to keep holding and going to work every day as usual. + +The reason why I haven’t told her; she is the arbiter of paychecks. Her financial responsibility is similar to if you handed a 9 year old your life savings and sent them into Toys R Us unattended. Money spending and savings is just about the only issue of contention between us. If I showed her the account, I’m afraid of the “conversation” that would follow. + +I have to tell her some day, I know. Personally, I don’t think the day is quite near. We might fumble through another crypto crash, but I believe the market has a lot of growing to do. The longer I wait, the more awkward it’s going to be when I finally tell her, but, the larger the account. + +I don’t want to start spending all of this money, but I also don’t want to feel like a liar to the woman I’ve been with. I have one friend I’ve told this to. He asks if I even love her, and of course I do. + +Were you in my shoes, what would you do? +OCTANS is still here with no plans of going anywhere! We are a sleeping giant primed for liftoff! +We are a fully doxxed and payrolled team of developers, graphic designers, public relations officers, marketing team and moderators looking to unleash the Octaverse onto the world! We have been around for nearly four months now and are laying a strong foundation for the eventual market rebound! +🔥 BSC Contract Address: 0x86c3e4ffacdb3af628ef985a518cd6ee22a22b28 🔥 High Quality Whitepaper available on our official website 🔥 MAJOR developments happening behind the scenes! 🔥 Buy directly with Octaswap directly from our official website 🔥 CERTIK AUDIT completed with Skynet activated 🔥 64k+ holders and counting 🔥 LISTED ON WHITEBIT NOW🚀🚀🚀 🔥 Listings on Bitmart and Gate. io exchanges in the works! 🔥 Clothing Store launched and taking orders! 🔥 News articles with TechTimes, Cryptocurrenciesnews UK, and TechBullion published 🔥 News article with Yahoo Finance publishing soon 🔥 10 contracts with YouTube influencers signed with videos releasing over the next two months +🔥 Backed by a solid, multi-million dollar company (Capital Games Portugal) with a fully doxxed team of developers, marketing professionals, public relations officer, graphic designers and community moderators on payroll! 🔥 See the company headquarters on our official YouTube page 🔥 The team at OCTANS are focused on the creation of an OCTAVERSE. The Octaverse will include: an Octamarket, an NFT marketplace, and the ability to use the token within video games. 🔥 The company backing OCTANS has direct third party merchandising partnerships with Disney, Star Wars, Marvel and DC 🚀🚀🚀 +🔥 Visitors to the Octamarket will have the ability to purchase a wide range of licensed video gaming products and peripherals at below market cost! 🔥Two video games are currently in development which will incorporate the use of the token 🔥 Giveaways for holders as rewards every day in JULY 🔥 Live Octawatch on Twitch every Monday: Weekly news and updates with team members 🔥 A presence on every major social network online 🔥 Listed on Coingecko, CoinMarketCap, Blockfolio, Coinstats and many other coin ranking sites 🔥 More listings, partnerships and sponsorships to come! +Discover more on our socials at the following links. Official Website: https://octanscrypto.com Twitter: https://twitter.com/octans_octa Telegram: https://t.me/OCTA_OCTANS Discord: https://discord.gg/XVS8FfUgYc YouTube: https://www.youtube.com/c/OctansOCTA Twitch: https://www.twitch.tv/octanscrypto Instagram: https://www.instagram.com/octans_octa +My girlfirned and I are planning to put our money towards a house next year, meanwhile I got 100k cash just chilling in the bank, any advice on how I can put this money towards something for 1 year? I'm thinking of buying AAPL and MSFT shares and hold until we need the money to sell the house. +Just out of curiosity, what have each of you treated yourself to upon receiving a promotion? + +For some context for my own situation, I’ve been promoted from 65k to 89k and I’ve decided I want a new phone as mine is falling apart. Looking at the iPhone 13, would be 1k or so out of pocket. + +I’ve seen many treats being a nice whiskey and the like, where do each of you draw the line? + +Obviously it’s very situational, thought it’d be an interesting topic. + + +Mortgage demand, which has suffered four straight months of declines, fell last week to the lowest level since 1997, as interest rates continued to rise. + +Homebuyers' demand for mortgages dropped 4% for the week and was 38% lower than the same week one year ago, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 7% compared with the previous week, in seasonally adjusted terms. Demand was 86% lower than the same week one year ago. + +The number of borrowers who can benefit from refinancing is at a record low. Interest rates were so low during the first two years of [the Covid pandemic](https://www.cnbc.com/coronavirus/) that the vast majority of borrowers with higher rates already refinanced. + +The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.94% from 6.81%, with points decreasing to 0.95 from 0.97 (including the origination fee) for loans with a 20% down payment. That is the highest rate since 2002 on the MBA's index. + +"The speed and level to which rates have climbed this year have greatly reduced refinance activity and exacerbated existing affordability challenges in the purchase market," Joel Kan, an MBA economist, said in a release Wednesday. "Residential housing activity ranging from new housing starts to home sales have been on downward trends coinciding with the rise in rates." + +As potential homebuyers struggle to afford a house, given higher interest rates and still high home prices, more are now turning to adjustable-rate loans, which offer lower rates. The ARM share last week rose to 12.8% of all applications, which was the highest share since March 2008. + +Mortgage rates moved even higher this week, with another reading from Mortgage News Daily putting the 30-year fixed at 7.15% on Tuesday. + +Higher rates and falling buyer demand caused [homebuilder sentiment](https://www.cnbc.com/2022/10/18/homebuilder-sentiment-drops-to-half-of-what-it-was-six-months-ago.html) to drop again on the National Association of Home Builders index. Builder sentiment, now well into the negative range, is half of what it was just six months ago. +I shouldn't have to be doing surveys that pay 0.60 cents each. I shouldn't have to be selling my belongings. I shouldn't have to sell illicit photos online. I shouldn't have to give up every single thing that makes life enjoyable to have any form of savings. I have two degrees and a full-time job. Why isn't my full-time income enough??? I shouldn't have to do any of this. +Im a university student and im 21, will be done with my course when im 22. Im very interested in property and eventually having financial independence. I was talking to someone whos already got 6 houses he rents out which pay off his mortgage and make him money on top of that. Im from a very low income background but ive always been very good with money and numbers. + + Current situation: I rent with my girlfriend and daughter and use my maintenance loan to pay rent, bills, and living costs. We also get universal credit which we recieve about an extra £100 a month or so as well as getting child benefit of £80 a month which we will be saving £25 a month into an ISA for our daughter. I also receive a little money from my parents every now and again. I dont have a job currently as im juggling my University workload with a new child but will be getting one over summer and obviously one when im finished with my degree. + +My goal is to own my first home by the time im 26 and own at least another 2 properties by the time im 30. Id then rent these properties out to pay off the mortgages and gain extra income as well. Eventually I want to have enough properties to ensure im financially independent. How do i go about achieving this goal and what steps do I take now? +I know it's great to hear naked shorts being mentioned live, and on CNBC of all places, but be careful with what you post. The last thing we need is for our sub to be demonized later. If you think it might be in bad taste, I'd advise against. If you already have posted a joke or comment that might be taken the wrong way, consider deleting it. Just a thought from an ape. +&#x200B; + +https://preview.redd.it/yshvup6fol471.jpg?width=700&format=pjpg&auto=webp&s=ef203a92b728e1f82925aa21171a49181709ab9f + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/e2urz53iol471.png?width=1600&format=png&auto=webp&s=ed3178b3817c49c694c9473ae1c7faeca3197efe + +Nuix is an Australian technology company that was founded in 2000. From its founding, Nuix has focused on developing software that would allow searching large quantities of unstructured data. Nuix sport themselves as leaders in “finding truth in a digital world”. + +Their software is said to have been used by over 1000 customers (many of which were government agencies) across in 79 countries. Nuix technology could be roughly described as software for digital forensic investigation. For example, Nuix assisted in analyzing the 2.6terabytes (11.5million documents) of leaked data in the Panama Papers. + +Like a story out of the old tech boom in America, Nuix started with only 2 developers. Since then, it has grown to over 400 employees with offices worldwide. It was listed on the ASX in December of 2020, with an initial value of $1.8billion, almost immediately being included as one of the largest 200 Australian public companies. + +# The Checklist + +* Net Profit: positive last 3 years. Good ✅ +* Outstanding Shares: not enough history. Neutral ⚪ +* Revenue, Profit, & Equity: growing quickly L3Y. Good ✅ +* Insider Ownership: 30.7% w/ one on market purchase @$5.01 Good ✅ +* Debt / Equity: 5.8% w/ Current Ratio of 1.7x. Good ✅ +* ROE: 8.3% Avg L10Y w/ 12.1% FY20. Neutral ⚪ +* Dividend: No Dividend Declared. Neutral ⚪ +* BPS 82.8c (3.3x P/B) w/ NTA 21c (12.9x P/NTA). Bad ❌ +* L3Y Avg: SPS 45.1c (6x P/S), EPS 3.9c (69x P/E). Bad ❌ +* Growth: +24.4% Avg Revenue Growth L10Y w/ 26% FY20. Good ✅ + +**Fair Value: 62cents\^** + +**Target Buy: 45cents\^** + +^(\^Based on averages from 2017-2020. More relevant FY21 valuation can be found in The Target section below.) + +# The Knife + +&#x200B; + +https://preview.redd.it/56a46st6pl471.png?width=968&format=png&auto=webp&s=fef6b3cd3ccb210847793ef5b61dc127beabecf5 + +Nuix was listed on the exchange only 6 months ago. The IPO opened at $5.31 per share, but by the end of the same day, it closed at $8.01 a share. Within the very first day of trading, NXL had gained +50% and the company was already valued at 2.5 billion. In 7 weeks, Nuix had nearly gained another 50% on its value, more than double the IPO price, reaching $11.85 on Jan 22, 2021 and boasting a market cap of 3.7billion at its high. + +In that short time, Nuix was already set to take its place as one of the 200 largest companies in Australia. However, by the time it was announced that it would be included on the ASX 200 index rebalance in mid-March, Nuix had already crashed back to the IPO price. + +That was only the start of it's decline. Only 3 months later, at close of today 11th June 2021 at $2.65, those who bought in at Nuix’s all time high would have lost 77% of the value of their investment. Even those who participated in the IPO would be down nearly 50% of their investment. + +I would be hard pressed to find another stock that was an ASX200 dogshit stock before it was even listed on the ASX200 officially. + +# The Diagnosis + +The Short Answer: The FY21 outlook has had to be revised down, leading to a significant rerate of the stock. + +The Long Answer: There are some serious questions of integrity that extend further that just forecast downgrades. Digging a bit deeper, we find a string of events that may lead to the ultimate downfall of this once promising IPO. + +**First Sign of Trouble** + +The 1H21 results heralded the fall. The share price fell 32% on the announcement. The results were disappointing to many, whom had likely expected growth in line with the IPO reports of roughly 20-30%. Instead, they were received with a flat half year result. In fact, revenue was down 4% from 1H20. + +A couple weeks later, they posted a market announcement titled, “*Nuix Responds to Market Commentary*.” In it they stated: + +>“Nuix re-affirmed its FY21 IPO prospectus forecasts when it released its 1H FY21 results on 26 February 2021. This guidance is based on its internal procedure including an in-depth analysis by the management team and its sales channel of current orders and sales pipeline.” + +&#x200B; + +[What could possibly go wrong?](https://preview.redd.it/7fo1ld85rl471.png?width=723&format=png&auto=webp&s=103b39e005b5e04642d39f0f1f6c79f16d083344) + +The market were apparently willing to give Nuix the benefit of the doubt too, but cautiously. The share price hovered in around the original IPO opening price for the next month. + +But then... + +**Downgrades** + +https://preview.redd.it/xzh1qmp7rl471.png?width=1353&format=png&auto=webp&s=561a82c517b4bebf5a413a76f1832a027a223a5a + +Only a month and a half later, Nuix posted another announcement regarding the FY21 forecasts. In it they revised their revenue, contract value, and EBITDA forecasts. + +Revenue was expected to take a knock of at least -4.5%. Contract values had been revised down potentially at much as -15%. Somehow despite all that Nuix seem to maintain that their EBITDA would grow (if only slightly), giving a forecast *higher* than what was given in the half year report. The top end of their EBITDA advice was $66.6m (can I just ask who would want to use that number in an estimate???). + +Needless to say, the market wasn't impressed. + +And then... + +https://preview.redd.it/5gv10a4arl471.png?width=1303&format=png&auto=webp&s=8b3e320768eec65906b9e34f6b9c8cfa62e48e1a + +The very next month they downgraded their position even further than before. + +Instead of expecting to see $193.5m in revenue as in the original 1H21 forecast, Nuix were now expecting it could be as low as $173m (-10%). Instead of $199.6m in annualized contract value, it was expected to be as low as $165m (-17%). A far cry from the previous market sentiment gunning for CAGR of +20-30%. EBITDA unchanged from the previous update, and despite all the rest, still somehow would be higher than FY20? + +**More Problems Brewing** + +Worse than the downgrades, was loss of trust. After stating their outlook in the 1H21 report, and then strongly reaffirming that again weeks later. They did a full reverse course in very little time at all. On top of that, they got their revision wrong? The second downgrade would have surely shaken the markets confidence in the management's competence too. + +This leads me to a perhaps more problematic thorn in their side. Nuix has been in a lawsuit with former CEO Eddie Sheehy. He had led Nuix for more than 10 years, and is credited largely for building the company to what it is today. During Sheehy tenure he was granted 453k options in the company, should it float on the public market. + +&#x200B; + +[Watch 22million shares disappear!](https://preview.redd.it/ejag4e2frl471.png?width=800&format=png&auto=webp&s=bb7ecc2b2ffe37fa47313cb8452d6455aa188348) + +Nuix claimed the options didn’t exist, as they expired 2012. But later acknowledged in a settlement that indeed Sheehy was entitled to them. However, then they have claimed that they are only worth 453k shares, which would leave Sheehy as the only person who was not included in a previous 50:1 split. Should Sheehy win on that front too, those options are worth 22.6million shares in the company. + +The problem is two-fold: + +* First of all, there is a question on whether the IPO properly reflected the value of those shares in its reports. This could mean a not insignificant dilution in the shareholding. The implications of this could also extend to any shareholder class action lawsuits that are now brewing. +* Secondly, those missing shares are a direct cost to the bottom line because Sheehy could claim loss of opportunity damages in his suit. He was prevented from selling the shares when they were at a higher price. Essentially, the difference in the value of the shares now from what they were at their all time high. At this stage, with the share having dived, those damages alone could cost Nuix over $200m. + +# The Outlook + +With downgrades of negative growth on the horizon, share price falling almost 80%, a former CEO suing for 265million worth of shares/damages, and potential shareholder class actions brewing over the seeming lack of transparency in the IPO. How could things look any worse for Nuix? + +Well, I have bad news... + +&#x200B; + +https://preview.redd.it/wifw3czjrl471.png?width=1537&format=png&auto=webp&s=0bb9f6d23739e4a8fc87b7a8757cb1b5a0e0a8e3 + +Recently, it was reported that the AFP is investigating potential issues revolving around the sale of options by Nuix's (now former) chairman. The options were cashed out for $80million just prior to the IPO. So slap that on to the heap of troubles, eh? The whole board might well get cleaned out when all is said and done. + +# The Verdict + +You know, it’s a real shame. Nuix at its core seems like a properly good Australian tech company. They have developed some pretty neat software that seems like it could be quite useful in the future. We are in an era where data is plentiful, and so using that data is all about being able to sort, search, and decipher it. Nuix had a great future providing an advanced software tool to facilitate that, and as such seemed to be on a trajectory to perform quite well for themselves. + +But with all these mounting lawsuits, investigations, and ultimately, possible damages. What will become of them? According to Nuix's FY20 report, they made about $25million in net profit after tax. So, my question is, where exactly are they going to find the cash to cover all of these potential costs? The grand total might end up being more than double their annual revenue. + +Somehow, I think the outlook is likely to get revised down again heavily. + +&#x200B; + +[If you could just go ahead and forget those forecasts, that would be great.](https://preview.redd.it/pjd0n9slrl471.png?width=734&format=png&auto=webp&s=f816c124539b49f7c53368fbe364c42e212c7dd7) + +How hard would it have been for Nuix to state the 22.6million shares on its books in the IPO and issue those shares to its former long-standing CEO? Surely he had earned the handsome windfall? Would it have made any real material difference in the value of the stock and company? I think not. + +Perhaps Nuix would have still lost ground a bit after the 1H21 results showed some headwinds, but more forthright advice about the outlook at that point would have maintained trust amongst its shareholders, and I think in the long term they could have shown their value and growth potential. After all, 2020 wasn’t exactly a normal year. + +Instead, Nuix is in a position now where the market seriously questions the integrity of the management. Does the market think going forward that they have shareholder interests in mind? The shenanigans Nuix appear to have played with Sheehy surely engender a sense of caution that they don't have anyone’s best interests in mind but their own. + +# The Target + +But if you are foolhardy enough to try to catch this knife, let’s try to look then only at the figures for a moment, and try to determine a reasonable entry price. The averages are not useful for a company that has grown as much as they have in the past few years, so I’ll concentrate my focus only on the FY21 forecasted amounts. + +&#x200B; + +[\*FY21 from latest forecast advise. NPAT estimated using FY20 &#37; ratio to EBITDA.](https://preview.redd.it/65bwy18qrl471.png?width=525&format=png&auto=webp&s=38c6b5146f8334d906ca649a155231be14f599d4) + +Working from these figures, we can estimate the following fundamentals: + +* SPS 55.8cents +* EPS 7.8cents +* BPS 82.8cents + +However, I am hesitant to use the book value in this case. I understand Tech companies typically hold less tangible assets, but under the circumstances I think it is perhaps more appropriate to stick with the conservative figure. This is especially relevant to any valuation, given that nearly three quarters of Nuix's equity is intangible (\~200m). Therefore, that leaves us with: + +* NTA 21cents + +Using the SPS and EPS, along with the NTA, we can arrive at the following prices: + +**Fair Value (FY21) – 86cents\*\*** + +**Target Price (FY21) – 64cents\*\*** + +\*\*It is very important to note that results of the lawsuits and investigations could heavily influence these values. As such, *any* entry price into NXL until all of those things are resolved is fundamentally flawed. + +# The TL;DR + +Nuix’s rise and fall on the ASX can only be described as meteoric. It may well end in a catastrophic explosion when the valuation hits the hard realities of its current circumstances. A company with a 20-year pedigree in digital forensic investigations, and having been used in some of the highest profile financial crime stories of the last decade, they have perhaps been caught up in their own story. + +After an exceptional IPO launch, Nuix rocketed. Since then, their repeated downgrading of FY21 forecasts has shaken the market's confidence in them. Furthermore, Nuix has come under intense scrutiny for its handling of a former long standing CEO’s options, potentially worth tens of millions of shares, and hundreds of millions of dollars. On top of that, their former chairman is now being investigated by the AFP. And there appears to be a shareholder class action on the horizon. + +One thing I have learnt in my analysis of this company and others is that management integrity is paramount. As we have seen with AMP, bad management can be very costly, even to the biggest and most established of companies. Once reputation is lost, it’s extremely difficult to regain. If you cannot trust management, how exactly do you value a company? And furthermore, how exactly do you expect to benefit from their actions, if they show themselves to be willing to operate without any integrity towards their shareholders at such a fundamental level? + +Perhaps Nuix have been wrongly characterized, and this whole sad episode will blow over in time. But at this point, there are a lot of burning questions to be answered. Personally, I would not touch Nuix at any price. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on NXL* *and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): TPG, RBL, CGF, URW, IPL, SXL, RFG, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +7. [The Company Formerly Known as an Insurance Co (AMP)](https://www.reddit.com/r/ASX_Bets/comments/nmvp0v/catching_the_knife_the_company_formerly_known_as/) +8. [The Largest Australian Salmon Farmer (TGR)](https://www.reddit.com/r/ASX_Bets/comments/ns2qb5/catching_the_knife_the_largest_australian_salmon/) +https://www.irs.gov/newsroom/irs-announces-401k-limit-increases-to-20500 + +Previously the limit was $19,500. IRA contributions remain the same at $6,000. + +Edit: Annoyingly if you get paid every other week it goes from a flat $750 to $788.461538. Super annoyingly if your 401k plan only allows elections by percentage and not by dollar amount. +“The Federal Reserve would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy,” the Fed said in a statement. + +Those programs that received Treasury collateral under the CARES Act will be coming to an end. + +They include the primary and secondary market corporate credit facilities, under which the Fed purchased corporate bonds, as well as the Municipal Liquidity Facility for state and local governments, the Main Street program and Term Asset-Backed Loan Facility, aimed at keeping the market for those securities liquid. + + + +[Mnuchin Declines to Extend Several Fed Emergency Lending Programs](https://www.wsj.com/articles/mnuchin-declines-to-extend-to-several-fed-emergency-lending-programs-11605821608) +My uncle wants me to purchase loads of QQQ because it has done well for him for years. But I feel like I need to educate myself more and perhaps even wait for a dip in the market. Could someone offer advice on what to do? I feel like my money is gathering dust not being invested +Here is what I think happened today. + +Looking at the options chain, 25k $50 call options expiring this Friday were purchased today. Assuming that the delta was .5, that is 1.25 million shares that was bought to gamma hedge. Then the price of the GME stocks started to rise causing a chain reaction in MMs covering. + +If you look at the $60 call options, 23k were purchased and assuming that the delta on that was .5, that’s another 1.15 million shares that were purchased to hedge. + +Another 17-18k options were purchased between $51-$59, which means around another million shares were purchased during the run up. + +This is entirely assuming that delta on those were .5. If the Delta was higher = more shares were bought. + +We’ve had this shit happen before last month. + +So get ready. If this is a gamma squeeze part II, the fall will be just as fast as the moon. + +But I’m just an ordinary dude (not an expert or a specialist in this field). This post is also not financial advice. DYOR. + +TL;DR, ordinary redditor thinks todays run up was triggered by gamma squeeze +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. +TIL: + +1. A family member made $800,000 in realized profit on two strategies last year. +(A) selling naked puts on margin on SPXL (3x leveraged SPY) +(B) selling SPY put credit spreads on margin + +- “hedging” with VIX calls in both cases + +Here’s my rant: +He didn’t know if SPXL was cash settled index or an ETF. (First I’d heard of it so I had to ask.) +Didn’t know what Greeks were. +Didn’t close his positions, even for spreads; just let them expire OTM in every case. + +My mans made 8x my life savings knowing a fraction of the basic knowledge and getting lucky. Paid off his mortgage by Christmas 2021 and called it a day. Hasn’t touched it in 2022. + +Another reminder that if you can choose to be lucky or choose to be good, always pick lucky. +Hi all, this is currently with the FOS however they told me it would take around 9 months to get to my case so… +Before I delve into this I would like to point out that I’m 28, I’ve grown up with the internet and I understand what to look out for to avoid getting scammed. I never thought in a million years I would fall victim to one. + + +Back in august last year I was looking to rent a supercar for the weekend. It’s always been a dream of mine to have a Lamborghini and I got to the point in my finances where I could afford to do this (at least for the weekend). I had looked at many different places and had contacted a few companies, checking companies house, ringing them up, checking social media posts and online reviews. I finally settled on one that I had seen advertised, contacted them on Facebook, they messaged me to call them and discuss what I wanted to do. +After the phone call, I placed a £500 deposit to secure my date - this was done via bank transfer to a business account, didn’t even give it a second thought since it was a business account with a similar name. The agreement was £3000 for the weekend and £3000 security deposit should you curb a wheel, scratch something etc. + + +The person I was dealing with kept in constant contact with me through WhatsApp, sending me emails and invoices with the money paid. Around 2 weeks before the date he has contacted me to say that the insurance company that they use were having issues because another car they rented out was written off so they wanted the deposit upfront to “prove they could cover the costs” a red flag but everything had sounded very legitimate so far and the guy had assured me if at any point I felt uncomfortable or wanted to pull out I would receive a full refund. Again, I thought I was dealing with a legitimate company so this had not aroused any suspicion. + +The £3000 was transferred and the remaining £2500 was paid a week before the date. +The day arrives and of course, no one turns up, I call the guy I’m dealing with and he’s incredibly apologetic, blaming the people driving up to me for not setting off early enough and they would be there soon, it gets to 2pm and I say to him that I want a refund as I ordered this for the whole weekend, not for a day and a half. He agrees, again very apologetic and agrees to refund and have another weekend free of charge to make up for the error and he doesn’t want to lose a customer. Again, keeps in constant contact with me via WhatsApp and phone calls. + +The next weekend arrives and of course, no one shows up again, I can’t get in contact with him so at this point I ring Santander and say that I believe I’ve been scammed. They put a freeze on his account whilst they do their “necessary checks” the guy calls me on Monday morning once again apologising for the weekend and saying his phone was “playing up” at this point I’m not really listening to him as I know he’s scammed me however he never argues, was very calm and explained that he can’t process the refund as there is a block on the account however as soon as the bank do their checks and unfreeze the account it will be done straight away. +Santander ring me a few days later and conclude that it is a legitimate business and unfreeze his account. I then go back and forth with him for weeks about the refund, talking about delays and the bank still having issues refunding it. +As it so happens, whilst this was going on back and forth, I make contact with the company again and get through to someone else who tells me the person I was speaking to has never worked there. +I felt physically sick. They said they were aware that this person has been scamming their customers out of funds and they had no idea how he was continuing to do so. +As it turned out, he had somehow intercepted their Facebook messages, redirects people to his personal phone and pretended to be that company. + + +The person at the real company wrote a very lengthy email to Santander explaining what had happened and how the person had intercepted and imitated their company. However when I contacted Santander about it, they refused to refund me as they said I should have checked out the business account it had been transferred to. The business accounts name was something along the lines of “Uk Supercar Hire” and I had rented from a supercar company so it hadn’t even crossed my mind that it wasn’t linked. +Also, Santander had done the checks their end and had concluded it was a legitimate business (the uk supercar hire one), however the company they looked into had dissolved in 2017, and no longer trading so how could they had concluded it was a legitimate business? + +Sorry for the wall of text but I feel I needed to vent, there was a lot more in depot conversations on the WhatsApp but that was the general gist above and it would take forever and a day to type out. + +The matter is currently with the police as (as it so happens) the contact I have in the police interviewed the exact same guy 4 years ago for the exact same crime but with a different company and they couldn’t press charges as there wasn’t enough evidence + +Long story short - I feel like Santander have wormed their way out of this by blaming me for not checking something that I doubt many people would ever think of checking and concluded a business was legit even thought it was dissolved 4 years prior. +...networking components, controllers, chairs, desks, lighting... and if you don't want to build it, pre-builts and laptops, too. + +[front page of PC section of GameStop.com](https://preview.redd.it/468176y19gh81.png?width=1444&format=png&auto=webp&s=7b6b16b34f52900407de1287e3245c42a573d4df) + +They list video cards but they're all sold out, you know how hard those are to come by EVERYWHERE so that is what it is. Would be cool if they started getting into the GPU restock game and kept their prices at MSRP... + +You could put together a whole PC. Just for fun, I want to see what kind of gaming-centric system I could throw together from in-stock at GameStop right now: + +[all the components on pcpartpicker](https://preview.redd.it/zoj2jac49gh81.png?width=1935&format=png&auto=webp&s=b2a4c369375db783a94f7e2d7211ee9c39a1bd30) + +|Type|Item|Price| +|:-|:-|:-| +|**CPU**|[Intel Core i7-12700K 3.6 GHz 12-Core Processor](https://www.gamestop.com/pc-gaming/pc-components/cpu/products/intel-core-i7-12700k-cpu-12-8p4e-cores-up-to-5.0-ghz-unlocked-lga1700-intel-600-series-125w/325953.html)|$374.99 @ GameStop| +|**CPU Cooler**|[Cooler Master Hyper 212 RGB Black Edition 57.3 CFM CPU Cooler](https://www.gamestop.com/consoles-hardware/desktops-laptops/pc-components/cooling/products/cooler-master-rr-212s-20pc-r1-hyper-212-air-cooler-rgb-fan-black-edition-3dt006/185243.html)|$49.99 @ GameStop| +|**Thermal Compound**|[Cooler Master MasterGel Maker 1.5 g Thermal Paste](https://www.gamestop.com/consoles-hardware/desktops-laptops/pc-components/cooling/products/cooler-master-mastergel-maker-high-performance-thermal-grease-mgz-ndsg-n15m-r2/221041.html)|$15.22 @ GameStop| +|**Motherboard**|[MSI PRO Z690-A DDR4 ATX LGA1700 Motherboard](https://www.gamestop.com/pc-gaming/pc-components/motherboards/products/msi-pro-z690-a-lga-1700-atx-motherboard/325954.html)|$229.99 @ GameStop| +|**Memory**|[Crucial Ballistix 32 GB (2 x 16 GB) DDR4-3600 CL16 Memory](https://www.gamestop.com/consoles-hardware/desktops-laptops/pc-components/memory/products/crucial-ballistix-2x16gb-32gb-kit-ddr4-3600mt-s-cl16-gaming-desktop-memory-kit/330947.html)|$169.99 @ GameStop| +|**Storage**|[Samsung 980 Pro 1 TB M.2-2280 NVME Solid State Drive](https://www.gamestop.com/pc-gaming/pc-components/hard-drives-ssds/products/samsung-980-pro-1tb-pcie-4.0-nvme-m.2-internal-v-nand-solid-state-drive-playstation-5-compatible/310255.html)|$149.99 @ GameStop| +|**Video Card**|[EVGA GeForce RTX 3080 10GB 10 GB FTW3 ULTRA GAMING Video Card](https://www.gamestop.com/consoles-hardware/desktops-laptops/pc-components/video-cards/products/geforce-rtx-3080-ftw3-ultra-gaming-graphics-card/309408.html)|$836.99 @ GameStop out of stock| +|**Case**|[Cooler Master MasterBox TD500 Mesh w/ Controller ATX Mid Tower Case](https://www.gamestop.com/consoles-hardware/desktops-laptops/pc-components/cases/products/cooler-master-masterbox-td500-mesh-airflow-black-mid-tower-gaming-desktop-case-mcb-d500d-kgnn-s01/277490.html)|$123.99 @ GameStop| +|**Power Supply**|[Enermax Revolution D.F. 850 W 80+ Gold Certified Fully Modular ATX Power Supply](https://www.gamestop.com/consoles-hardware/desktops-laptops/pc-components/power-supplies/products/enermax-revolution-df-850w-80plus-goldfullmodular-multi-12v-rail-twister-bearing-power-supply-fan/296952.html)|$109.99 @ GameStop| +|**Case Fan**|[Cooler Master SickleFlow 62 CFM 120 mm Fans 3-Pack](https://www.gamestop.com/consoles-hardware/desktops-laptops/pc-components/cooling/products/cooler-master-sickleflow-120-argb-3-in-1-fan-mfx-b2dn-183pa-r1/285381.html)|$40.16 @ GameStop| +|**Monitor**|[MSI Optix MAG321CQR 31.5" 2560x1440 144 Hz Monitor](https://www.gamestop.com/consoles-hardware/desktops-laptops/monitors/pc/products/msi-32-in-optix-mag321cqr-wqhd-2560x1440-144hz-curved-gaming-monitor-optixmag321cqr/215181.html)|$284.99 @ GameStop| +|**Keyboard**|[Corsair K68 RGB Wired Gaming Keyboard](https://www.gamestop.com/pc-gaming/keyboards/products/corsair-k68-rgb-mechanical-wired-gaming-keyboard/322965.html)|$119.99 @ GameStop| +|**Mouse**|[Corsair SCIMITAR RGB ELITE Wired Optical Mouse](https://www.gamestop.com/pc-gaming/mice/products/corsair-scimitar-elite-wired-gaming-mouse/322941.html)|$72.83 @ GameStop| +|**Headphones**|[Corsair VOID RGB ELITE 7.1 Channel Headset](https://www.gamestop.com/consoles-hardware/desktops-laptops/pc-headsets/products/corsair-void-rgb-elite-wireless-gaming-headset-with-7.1-surround-sound/309207.html)|$79.99 @ GameStop| +|**Total**|**$2659.10**|| + +A couple of notes on this for-fun hypothetical build: + +If you prefer liquid cooling, there are plenty of AIOs to choose from, and you could change to a less air-flow case (I went with a mesh case since I was air-cooling my CPU). + +I prefer all my peripherals (keyboard/mouse/headset) to use the same software, so I went with a Corsair-heavy setup. Gotta have that MMO mouse with all the side buttons. + +The LGA1700 motherboard provides a lot of future-proofing with support for pcie 5.0, DDR5 ram compatibility. + +The motherboard doesn't have built-in WIFI, so that would be an additional add-on card if you aren't running an ethernet cable from your modem/router. + +ANYWAYS, this was just something fun for me to do on a Saturday morning but also to show that GameStop is not just a console-centric retailer, you can build out an entire PC if you wanted. I got a lot of hate for saying this on another sub but my point stands: if you're looking for another good retailer for PC components, don't overlook GameStop. +For those lucky enough to live the 2nd home dream: + +We’re looking at vacation homes and I’m just shocked by how hard it is to afford two mortgages. We make a lot ~400k HHI and are looking at entry level condos which are 650k. + +This means you are paying ~4.1k/mo for a mortgage. + +And this whole Airbnb thing - the locals hate it, the cities are locking it down, and for all the work you don’t even clear half the annual mortgage. + + +So for those who have a place, how do you afford it? Did you by 10 years ago when it was cheap? Did you pay mostly cash? Or is your monthly take home just really high? + +And for those who say the markets going to drop, even if it drops 10% in price & 2% decrease in rates, you still pay 3.1k which is way better but still a lot. + + +The experience of purchasing an NFT right now is a pain in the ass. You need to set up a crypto wallet and get funds in it. You then need a way for your wallet to connect to the site to purchase your NFT. For that you get an extension called a metamask... yet another thing you need to set up. After you have done all those things you go to purchase the NFT and boom you get hit with a gas fee (think of gas as what you have to pay you get your transaction written to the blockchain) that is 5x more expensive than the $50 NFT you are trying to purchase... you say FUCK IT and give up. + +There are so many barriers to entry. + +Barrier 1: setting up a crypto wallet is a bitch, apparently gamestop found a way around this I am guessing directly through their mobile app which I assume will act as the wallet itself... so boom you don't have to set up a crypto wallet...you just have one. This is my understanding of counterfactual wallets. + +Barrier 2: Metamask... I assume this will be built into the app as well so you don't need to set that up + +Barrier 3: High Gas fees...Loopring created a zk rollup protocol that bundles a bunch of transactions together, does some nerd magic and spits them all out of layer 2 back to layer 1 and your transaction is officially on the blockchain bundled with potentially thousands of others that spreads that insane gas fee across thousands of transactions to make it basically free. + +So if this assumption is true... Gamestop will be the first Web 3.0 launch of a major company.... and they will have solved the barrier to entry problem and have instantaneously let loose millions of powerups rewards members on the metaverse the way it should be before Zuckerberg's bitch ass ever saw it coming. + +&#x200B; + +Game Fucking Over. + +&#x200B; + +Buckle Up. +Is there an active forum or chatroom out there where traders join and talk about what stocks do they have their eyes on so we can focus on those few for the day? + +I've joined Trade Idea's chat and my daily finviz filtered stocks in play is not even on their watchlist. + +I wonder how do I decide what stocks to look at. +"In a letter to Pershing stakeholders dated Wednesday, Ackman said the fund completed the exit from his bets against the market on March 23 and generated $2.6 billion compared with premiums paid and commissions totaling $27 million. He first announced his market hedges on March 3." + +“we became increasingly positive on equity and credit markets last week, and began the process of unwinding our hedges and redeploying our capital in companies we love at bargain prices,” he added. + +https://www.cnbc.com/2020/03/25/bill-ackman-exits-market-hedges-uses-2-billion-he-made-to-buy-more-stocks-including-hilton.html +Title says it all. Had a few too many drinks of liquid courage and bought 50 shares of Cresco Labs Equity Warrants (CRLWF) instead of the ordinary shares (CRLBF). I used Fidelity to buy the shares resulting in a fee of $100 (bought 30 and then 20 and didnt notice the $50 fee for each.) So my cost basis is around $8 while the listing price for CRLWF is around $6. + +If I sell now, I get hit with another $50 transaction fee, plus lose the $100 and some change. The warrants expire in September of 2022. The strike price is around $9.90. + +Is there anyway I can come out of this by either breaking even or making a profit? I’m pretty confused about how to exercise warrants, and how people even make money of equity warrants. Any help would be greatly appreciated. + +And no need to call me a moron....i’m very well aware if that. Thank you again! +Like seriously, those top shitposts, memes getting 5+awards are pissing me off. We are at war right now!! Fuck those Wall Street jackass who’s been calling us dimwits, we are about to teach them a lesson and make a name of ourselves. But you guys are here wasting money on stupid Reddit awards. I’ve been skipping my 20$ Wendy’s chicken dinner combo for three months now and buying GME every time it dips below 20$. All of you should be doing the same, everyone jack to the fucking tits! + +Position: GME 🚀🚀🚀🚀 + +Edit: ARE YOU GUYS FUCKING FOR REAL!!!??? + +Edit2: I guess we just inverse everything around here... + +Edit3: WHAT THE ACTUAL LIVING FUCK. Fuck it. Tell Cuck Sherman we will hostile take over GME using Reddit awards with lord Cohen. Let’s squeeze those motherfuckers back to their mom’s basement. 🚀🚀🚀 +The judge at the end when asked if he had anything else to say, said this and I'll paraphrase. + +It seems like you (Shitadel) want to let the markets play out and thats exactly what IEX is doing but it seems you want to regulate yourselves to a victory. When he said that I literally laughed out loud at work. FUCK SHITADEL!!! #KenGriffinLiedUnderOath #HedgiesRFuk + +Edit: Case adjourned until tomorrow at 9:30am. +At this point apes are in control of their own destiny. Registering your shares is the way. Ryan Cohen ultimately has the launch button but i promise you it would be much preferred if apes launched the rocket. STAY HYPED. BUY. HODL. REGISTER YOUR SHARES. + +APES ARE THE WAY +This is not much, I’m just too excited to keep it in lmao + +I’ve traded demo accounts for a bit but I would never stick to a strategy, so I went to a live account and deposited $50, it’s not much but I’m learning from it. Ive tried scalping strategies but none of them were actually consistent, I blew half the account. I then focussed on support and resistance but nothing hurts more than a big past the support line, lost a couple from that. I then just decided to study the EURUSD pair, focussing on just that atm, and see how it moves, and I’ve been gaining little amounts here and there. + + I put in a trade last night, going with the H1 trend, it dipped for a bit, which was disheartening but decided to not get emotional and closed my laptop. And now I come back with nearly my account restored! +It may not be much to others but it’s a win for me :) +Same as above + +Laws set to force banks to have local ATMs https://thismon.ee/a/851529 + +Think this would help those who are heavily reliant on cash, like the elderly, disabled etc. + +Edit: https://www.thisismoney.co.uk/money/markets/article-8515291/Laws-set-force-banks-local-ATMs.html +I'm x-posting my comment here about EtherTanks. This is 100% my personal opinion on the project, as a user who owns 100% ETH. + +Right now the **only** value to the tanks is as a vessel towards cashing out of the pyramid scheme (as explained [here](https://www.reddit.com/r/ethtrader/comments/7n48qm/be_careful_ethertanks_looks_like_a_pyramidponzi/) by analyzing their smart contract). The only *incentive* for you as a tank owner to promote the game is to get users to sign up at any cost because you **directly take a cut of their purchase**. First and foremost, the idea that we should forgive them for running this pyramid scheme because eventually they'll add "real" features is ridiculous. + +It is **NOT** the same thing as an ICO because in the ICO's case they have a whitepaper that outlines the financial / technical plans for the project and they have a team and proposal that you are critically analyzing and making a a decision to invest based upon that. What does EtherTanks have? Their website lacks any sort of proposal or whitepaper. Their support email on the website is a gmail account... their "medium" link redirects you to "http://medium.com", their game has **zero** features (unless you count the pyramid scheme as a "feature"). They've already proven that they aren't the greatest engineers since their contract had a bad exploit in it that they had to fix *on day one*. + +It's basically a scam token in my view and while I believe everyone should have the freedom to buy into it **provided that they know it's a pyramid scheme up front**, I think anybody who *does* is probably slightly incompetent, misinformed, or is completely lacking a moral compass because they're comfortable shilling the thing and tricking/manipulating other people into buying into the pyramid scheme, meaning they'll become the owner of a worthless token with *even less* of a chance of breaking even than previous buyers have (due to the way the pyramid scheme is set up). + +Ethereum has value as a distributed computational machine. Monero has value in decentralized anonymous transactions, Bitcoin has value in its decentralized public ledger and its scarcity. "EtherTanks" has no value at all, *and includes* a pyramid scheme inside of it. + +To make things *even worse* you could call into question the competence of its developers as well, because their previous contract had several security flaws. It amazes me that they've accrued hundreds of ETH on the very same day they were forced to delete their contract and deploy a new one with what appears to be **absolutely no** testing done before hand on the testnet. They deployed it straight to the mainnet and everybody promptly sent along their Ether. + +So I actually can't figure out what's worse... is it the fact that people are willingly buying into a pyramid scheme? Or that people are actively sending their ETH to developers who quite frankly seem to have absolutely no idea what they're doing? Or that people are sending ETH to a project who's website has a gmail account and link to medium.com's homepage instead of a valid whitepaper/proposal? What I **do know** is that the only other time I have been so disappointed in folks here was at the peak of the ICO craze when traders were unironically shilling FUCK token and trying to justify its value. + +In my view as a completely random idiot on the internet, if we want Ethereum to have any legitimate future whatsoever we have to collectively call out these junk projects and demand that developers put forward legitimate proposals with legitimate teams because at the end of the day we're not exchanging trading cards here we're talking about *your own money*. If all people on the outside see is pyramid schemes dressed up as "tanks" or some might say "kittens" then nobody is going to take us or this space seriously at all. + +All that said, discussions about pyramid schemes, unsafe smart contracts and apparent junk projects are fantastic and at the end of the day you have to take in all the information you can and make a decision to buy into a project on your own. So with that said while it's probably obvious I avoided EtherTanks like the plague, I sincerely wish anybody who bought into it the best of luck. **You made your decision** and if you want to defend the project then I'd love to read your thoughts here too. +# NEW LOWEST DARK POOL VOLUME RECORD IN THE LAST 1 YEAR + +edit: Looks like some after market action is still moving the percentages around but it's still low AF! + +[https:\/\/chartexchange.com\/symbol\/nyse-gme\/stats\/](https://preview.redd.it/f6p44bknh4o71.png?width=426&format=png&auto=webp&s=af601e7c9eaece1e406d7537d73d7a6af5aa4486) + +&#x200B; + +&#x200B; + +https://preview.redd.it/rwk7ts5sh4o71.png?width=387&format=png&auto=webp&s=4ecf3b25cf76bbf9938912589e4d1d71fb002b21 + +Here are the lowest Dark Pool % Sorted By Last Year! + +&#x200B; + +https://preview.redd.it/q795w4f2i4o71.png?width=401&format=png&auto=webp&s=2b0d1916f28accdb7dc93463d6bc240b70f2be2a + +**Edit 5:21 PM EST: Post Nut Clarity** + +Decreasing dark pool volume is an amazing indicator *something* is happening. The only obvious explanation is DSR... This process is literally removing shares registered in the DTC in the street/broker name (for which you are only an entitlement holder) and to the Transfer Agent (Computershare) where it is registered in your name. + +Shares which are kept in the DTC, even in cash accounts, can be used limitlessly to short, borrow, wash FTDs and commit all kinds of fuckery. The system is utterly broken and corrupt and as long as GME shares are kept in the DTC there will be incredible price suppression. + +*Fun thoughts:* + +There are 75M shares issued by GME. + +There are so many insider shares (around 40m)... + +The float is likely around 35M. + +At some point it will NOT BE POSSIBLE to register more shares at Computershare because they are all registered. + +It will be very curious as to HOW millions of shares will be trading when the float is being more and more locked up... + +At this point GME could very well declare a share recall as they suspect their stock has been fraudulently counterfeited and shit hits the fan. + +It seems like DSR is the way. + +It's like the tide pulling in and exposing all the corrupt, shady, malicious, ugly filth that is the DARK market. + +Drain the float! + + +Edit: Graph credit to + [u/theRealVeale](https://www.reddit.com/user/theRealVeale/) + +&#x200B; + +https://preview.redd.it/4hpywr5cw4o71.png?width=924&format=png&auto=webp&s=2d0cfcd69bf39d3117578009231d4d2c26450405 + +&#x200B; + +**TLDR: DSR FTW GG** + +&#x200B; +CNN: https://www.cnn.com/2019/05/16/politics/donald-trump-financial-disclosure/index.html + +CNBC: https://www.cnbc.com/2019/05/16/read-president-donald-trumps-financial-disclosure-report.html + +Forbes: https://www.forbes.com/donald-trump/#4acd3f202899 + +Bloomberg: https://www.cnbc.com/2019/05/16/read-president-donald-trumps-financial-disclosure-report.html + +2019 Financial Report: https://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/2019/05/16/TrumpDonaldAnnualcompressed.pdf +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! + +Genuinely curious as to how you separate your checking vs. saving accounts. + +When you get paid, how do you separate your checking vs savings deposits? + +I am still learning how to budget/separate these two things as I just graduated and have my first “real” job out of law school. Thank you! + +EDIT: I didn't intend to ask how much how much money is in your account but rather how to use the two for budgeting/investing purposes. Thank you for all your answers thus far! + WhiteBit✅CMC✅CoinGecko✅Gate.io + +We are the official $YeetTOKEN that everyone is going crazy about. Not the knock-offs that everyone is honeypotting. Launched just 5 days ago $YeetTOKEN delivers! It isn’t often you see such massive growth in a token in such a short period of time and here’s why! + +▶️Youtube Promos - We are working on getting visibility on some popular channels here. Meetings scheduled already. + +🌐Asia - We are currently trying to reach the Asian market. We are in contact with two huge influencers in Korea. + + 🌐INVEST WITH CONFIDENCE + + • Complete Ownership Renounced with Live Dev Chat! + • Community Teams with over 40 members! + • Strategic Marketing and Budget for Promotions! + • Low 6M Market Cap with Scalability to 500M in a short time! + • Best Community with Mature Individuals! + • TikTok influencer videos and more + + 🌐Heres why you HODL $YeetToken + + We call it a decentralized community, meaning that the original creators of Yeet only control the Telegram; a different person controls each of YeetToken’s profiles, and yet they are all official channels. + + This is the ideal system for a community-coin. It’s still being established because we’re only five days old but the idea is already permanent and expected. Launch-time was decided by community-vote, and the future direction of Yeet will continue to depend on its community. + + 🌐TOKENOMICS + + • 50% pre-burn, 4% Back to LP, 2% Reflection + • No Dev wallets + • Use case is currently underdevelopment + • Anti-Whale Mechanisms + • 15K Holders + • 6 Million Market cap + + 🌐TOKEN LINKS +📟BSCscan: https://bscscan.com/token/0x7060d3f1cc70a07f4768560b9d9b692ac29244de +📝White paper: https://pdfhost.io/v/VlJMvYYUj_YeetToken_Whitepaper.pdf +🔐Verified Contract: https://bscscan.com/address/0x7060d3F1CC70A07f4768560B9D9B692ac29244dE + 🌐SOCIAL LINKS + + 🗣Telegram: (5600+): https://t.me/YeetTokenOfficial + 🔖Reddit: https://www.reddit.com/r/YeetTokenOfficial/ + ✅Discord: https://discord.gg/jfBBRCgr +🕊Twitter: https://twitter.com/yeettoken_hq + 📷Instagram: https://www.instagram.com/yeettoken/ + ▶️YouTube: https://www.youtube.com/channel/UCKuCbJ9tE1ZQCcPIx_XjwKg + 🌐Website: https://www.yeettoken.com/ +🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 🔥 +Micron reported an earnings beat however guided down 30% which initially resulted in a big move down but currently is only down around 1% after hours. Think to yourself what would happen if Nvidia or AMD guided down that much. Micron is a safe bet right now cos it's so close to it's book value with a low P/E. Other semis are going to get a massive shock when the next sets of earnings come out. Nvidia is still trading at a forward P/E of 30. There is significant downside ahead going into this earnings season with suppressed earnings and/or guidance. There's a reason every super investor is in on this. +A few months ago it seemed like everyone influential in crypto was predicting $100k BTC by the end of the year. However, it doesn't look like that's going to happen with the state of the market at the moment. It would take something absolutely miraculous to essentially double BTC's market cap by the end of the year. This confirms three things to me: + +1.) It seems like many crypto investors, especially the influential onces are still way too optimistic and everything they say should be taken with a grain of salt. + +2.) The "so called" experts that keep being asked for predictions have no idea what they're talking about, just pulling random predictions out of their behind. + +3.) Technical analysis in crypto can only tell you so much. Essentially, everybody (including the "experts") knows shit about fuck, and you're much better doing your own research than investing based on what these bozos say. + +**TLDR:** DYOR +I've noticed Ph.D. students' salaries (not very negotiable since they are usually government-funded) in Germany tend to be considerably higher than in Austria and I began to wonder how difficult it may be to live for three years of a Ph.D. programme in Vienna given the gross salaries are around 2000–2600€ (paid 14 times a year along the usual Austrian scheme). + +Let's be less optimistic here and assume I have a gross salary of 2200€ so a net budget around 1600€ a month – how manageable is that? Quite obviously the most painful part of the expenses will be the rent. I tried using online cost of living calculators but I got results in an absurdly broad range (800–1800€). However, median was about 1500€ so it makes me a bit worried (but just a bit because I honestly don't trust most of these calculations). +It's taken almost 2 years. I paid off one medical account and made a payment on another medical account. I looked at what I had in balance in my checking to make it to the next pay period and moved $400.00 over to my savings account. + +I still have some outstanding medical accounts that I am paying on but cars will break, appliances will die or who knows what life will bring. So I am still putting money away so I will not be caught with nothing to work with. + +Thanks to everyone who has inspired me to keep working to find a better place financially. It's been hard but is totally worth it. +I’m [Ryan Enos](https://www.ryandenos.com/), a Professor of Government and [Director of the Center for American Political Studies](https://caps.gov.harvard.edu/) at Harvard. I teach courses on elections (including [prediction](http://soubhikbarari.com/Harvard-ElectionAnalytics-2020/)), political psychology, and political geography. + +I’ve recently [published research](https://www.ryandenos.com/papers) on [partisanship and COVID-19](https://www.pnas.org/doi/abs/10.1073/pnas.2116311119), [interethnic contact and politics](https://www.science.org/doi/full/10.1126/sciadv.abe8432), [partisan segregation](https://www.nature.com/articles/s41562-021-01066-z) (here is a [fun interactive in the *New York Times*](https://www.nytimes.com/interactive/2021/04/30/opinion/politics/bubble-politics.html) based on this research), and the [political effects of protest](https://scholar.harvard.edu/files/renos/files/enoskaufmansands.pdf). I’ve also written extensively on [campaigns and elections](https://scholar.harvard.edu/files/renos/files/enoshershpa.pdf) in the United States and other aspects of voter behavior. + +My 2017 book, [*The Space Between Us: Social Geography and Politics*](https://www.amazon.com/Space-between-Us-Geography-Politics/dp/1108420648/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=) was called “among the most important and fascinating books about the uniquely psychological consequences of political geography ever written.” It is about different groups of people - ethnic, religious, etc - coming together in places like cities and how this affects our politics. + +Happy to answer questions about the upcoming election in the United States, geography (especially in cities), political psychology, or any other topic. + +My reddit handle is seamus1978 (Seamus is the name of a great and underappreciated [Pink Floyd song](https://youtu.be/BdFOgLyk6Qs)). [Here](https://twitter.com/RyanDEnos/status/1551570499943256067) is my proof tweet (feel free to engage with me on Twitter about any of these topics). + +I'll be collecting questions this AM and start answering at 11AM EDT. + +Thanks for the questions everyone. I have to run, but I'll check back later and answer any that are outstanding. +I’m [Ryan Enos](https://www.ryandenos.com/), a Professor of Government and [Director of the Center for American Political Studies](https://caps.gov.harvard.edu/) at Harvard. I teach courses on elections (including [prediction](http://soubhikbarari.com/Harvard-ElectionAnalytics-2020/)), political psychology, and political geography. + +I’ve recently [published research](https://www.ryandenos.com/papers) on [partisanship and COVID-19](https://www.pnas.org/doi/abs/10.1073/pnas.2116311119), [interethnic contact and politics](https://www.science.org/doi/full/10.1126/sciadv.abe8432), [partisan segregation](https://www.nature.com/articles/s41562-021-01066-z) (here is a [fun interactive in the *New York Times*](https://www.nytimes.com/interactive/2021/04/30/opinion/politics/bubble-politics.html) based on this research), and the [political effects of protest](https://scholar.harvard.edu/files/renos/files/enoskaufmansands.pdf). I’ve also written extensively on [campaigns and elections](https://scholar.harvard.edu/files/renos/files/enoshershpa.pdf) in the United States and other aspects of voter behavior. + +My 2017 book, [*The Space Between Us: Social Geography and Politics*](https://www.amazon.com/Space-between-Us-Geography-Politics/dp/1108420648/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=) was called “among the most important and fascinating books about the uniquely psychological consequences of political geography ever written.” It is about different groups of people - ethnic, religious, etc - coming together in places like cities and how this affects our politics. + +Happy to answer questions about the upcoming election in the United States, geography (especially in cities), political psychology, or any other topic. + +My reddit handle is seamus1978 (Seamus is the name of a great and underappreciated [Pink Floyd song](https://youtu.be/BdFOgLyk6Qs)). [Here](https://twitter.com/RyanDEnos/status/1551570499943256067) is my proof tweet (feel free to engage with me on Twitter about any of these topics). + +I'll be collecting questions this AM and start answering at 11AM EDT. + +Thanks for the questions everyone. I have to run, but I'll check back later and answer any that are outstanding. +So my wife and I just got done meeting with a financial advisor. I'm sitting there ready to talk BRRRR strategy. + +I'm thinking I'm going to borrow against the equity in my primary residence to purchase a property to renovate (edit: then reappraise, refi, pay off debt tied to primary residence,) and then rent. Owe about 80,000 on the house that is worth 260,000. + + But this guy is saying contribute as much money as you can into your TSA and your Roth IRA. And whatever you do, DON'T BORROW AGAINST YOUR HOUSE. He was very emphatic about that. his reasoning is basically, what happens if the housing market goes down or what happens if you can't find a renter. + +At this point my thought about that is, why the heck not? The risk of doing this kind of deal is going to be the same whether or not the money borrowed is tied to my primary residence or not. Even if I just happen to have the cash for a down payment, the risk of buying, rehabbing and renting is going to be the same. + +And now he has my wife scared that we could lose our house if we do this. I'm pretty upset right now. I don't really see that happening. + +I'd love to get some perspective on some of you that are already on me real estate investing side of things. How much validity is there to what this guy is saying? +Looking for the best high yield + growth stocks for earlish 30's and ideas about how much of your portfolio would you focus on these types of stocks. Looking for quality + growth potential. + +Looking to live off divs in 15 years. + +Edit: Wow thank you everyone. : ) +Due to my field of work, I deal with clients' income and taxes on a daily basis. As I have been doing this for nearly 11 years, I've become desensitized to numbers. + +This has started to affect my own finances to the point where I get no satisfaction from saving / investing every month, due to the numbers seeming insignificant. + +If you were in my position, or have experienced something similar, how would you stay motivated? +https://www.barrons.com/articles/shanghai-disneyland-tickets-sold-out-in-minutes-disney-stock-is-rising-51588949428 + +"Walt Disney stock jumped Friday morning after the company announced that Disney Springs—an outdoor shopping, dining, and entertainment complex outside of Disney World Resort in Orlando, Fla.—will begin a phased reopening starting on May 20. The rest of the Disney World Resort, including theme parks and resort hotels, will remain closed, the company said. + +The announcement came as the company’s theme park in China—Shanghai Disneyland—is busy preparing for a reopening on May 11 after a four-month shutdown. Tickets for the reopening—although with limited capacity under government regulations—sold out in minutes after bookings started Friday 8 a.m. local time, a sign that Chinese consumers are ready to pull out their wallets for the entertainment giant as the nation recovers from the coronavirus pandemic." +I’m hyped every day the market is open. Nothing wrong with getting excited for stuff, I love it. But it’s starting to feel like people are expecting an announcement is forthcoming like it’s a done deal, and I have no idea where it’s coming from. I don’t think it’s common for a company to raise cash via selling shares then turn around and pay a dividend, seems counterintuitive. A customer service rep with a sunglasses emoji doesn’t mean much, those folks aren’t plugged into to any significant info. The 741 dissection is going nuts. And the July 14th NFT thing also doesn’t mean an announcement needs to happen at that time either. It’s all just speculation. + +All this feels like a good opportunity for an enemy combatant to take some fun speculation and run a massive hype campaign to raise expectations only for them to get smashed when nothing happens. AGAIN. Remember, they are backed into a corner and their ONLY weapon is psychological warfare. + +Not worried about apes that have been here for months, moreso newer apes that maybe haven’t been through an “emotional pump and dump” before. And I do see a lot of comments in these hype posts saying they don’t care about dates, which is great. But it really feels like someone is taking the hype ball and overinflating it on purpose. + +Stay vigilant, stay hyped, but stay grounded. + +Edit: if I could change the title, I would rephrase to say “investor related announcements”. The gamer in me is excited to see what they’re cooking up. But the investor in me is not expecting to hear anything on the 14th, but I’d be happily surprised if we did. +Just a rant. + +If you are going to give some bold advice to people on this sub. At least state that you’re a consistently profitable trader. + +We don’t need anymore re-hashed advice taken from Forex YouTube videos that provide everything about what you need to learn in FX except how to actually make consistent profits. + +It really isn’t fair for the people asking for advice. +Most homes in established suburbs are being sold above $2m! +Box Hill homes with 300m2 of land going for $1.2m! +Houses in Asquith which is a 45min train ride away from CBD are being sold above $1.7m! + +My wife and I earn good money but still can't get a big enough loan to secure a property. + +I feel like the millenials are so screwed. We have no chance to live a comfortable life in this city anymore. + +End of rant. +I just turned 23 years old, and have 52k in Savings. I dont have any debt, have credit in the 700s, and have already been pre approved for a mortgage of up to 215,000$. +Me and my wife did not go to college or anything. We've been working low paying entry level jobs since turning 18, and decided that we would aggressively save for a house. Even after paying all our rent and bills, we threw everything else into savings and continued to live our frugal life. +We are now at this point and I kind of want to buy something that we would both enjoy, but I feel terrible about it.. I'm a gamer and am really interested in buying a PS5 or Xbox Series X in December or January when they become available. +I then start to feel terrible about it because thats 500$ gone and It would take us about 2 weeks to save that amount after bills. +Half of me wants to say live a little, but the other half tells me to stay focused on saving more money towards a house. +How do you guys deal with spending guilt? +I mean. It seems to me that our economy is based on poor people. There would be no rich person without a poor one (even more than one). Is it all an illusion that we could solve poverty? Maybe we could guarantee basic sanitary conditions for broke people, but not everyone of us could be rich at the same time. +Wouldn’t be surprised if all today’s gains are erased. Who gives a shit? There is no difference between $97 and $107. There is no difference between $97 and $207. All prices displayed are fake, they’re all a product of their algo and their experimentation with different price patterns designed to make retail sell. + +I’m not interested in selling at any price point they’ve offered. I’m only interested in increasing my bag. So I’ll continue to take the discounts they offer with their absurd daily rug pulls. +**UPDATE 8:** 24 Hour Mark - 24 HOURS LATER AND NOT A GADDAMN PEEP FROM THE MSM 🦗🦗🦗… the ONLY article that references the announcement is still from ShackNews… Buckle Up Apes 🦍🦧 Monday gun be guud 🍀 + +**UPDATE 7:** 19 Hour Mark - 🦗🦗🦗… + +**UPDATE 6:** 16 Hour Mark - Still nothing new… + +**UPDATE 5:** 14 Hour Mark - STILL ONLY ONE. There is actually one more GameStop related article but it’s a hit piece on the GameStop NFT Marketplace ffs + +**UPDATE 4:** 7 Hour Mark - ONE more article from the past hour HOWEVER it’s about Options Volume traded in GameStop during Friday’s session and has ZERO mention of GameStop’s announcement… thank you DefenseWorld . Net… + +As of midnight CST the ShackNews article is THE ONLY news publication from Friday, August 5, 2022 that references GameStops’s announcement… + +Off to sleep now 💤 + +**UPDATE 3:** 6 Hour Mark - The ONLY article I have found so far is from “ShackNews”: https://www.shacknews.com/article/131733/gamestop-gme-missing-split-dividend-shares + +**UPDATE 2:** 5 Hour Mark - Still Nothing 🦗🦗🦗 + +**UPDATE:** 4 Hour Mark - Still Nothing 🦗🦗🦗 + +DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY - DRS IS THE WAY + +If you find an article, please share so that I can update the post accordingly! Thank you +Ok, so I had a tow company tow my car out of a snow bank, and onto the road, over the weekend. + +The guy operating the tow truck looked dodgy, but anyway, I needed to get out of the snow bank and go back home. + +Anyway, he got out my car out of the snow bank, then he takes me visa CC, swiped my credit card, got my telephone number, and told me that I would get a receipt on my phone. + +I trusted the guy, and went back into my car, didnt bother to look at my phone that time, got home, woke up next morning, got no receipt. + +I called the guy, first thing in the morning, and he asked me call his office Monday morning at the office at 9am. + +I called him to get his office number, proceeded to call office at 9am Monday morning, phone rings, no one answers. + +I call this guy back, telling him no one is answering, he then tells me that the office opens at 9.30am, so I said ok, i will call around that time. + +I call the office after 9.30am yesterday, same story, no one answering. + +I called the guy back, and this time some lady answers, I can hear +kids in the background, and then this lady tells me that because the weather is sooo cold outside, they are still waiting on the receptionist to come in. + +She asked me for my details and said someone will call me back. I told her if I dont hear back from anyone, within a few hours, I will call back again, she said ok. + +Fast forward, two-three hours later, no call. I call the number back, the guy answers and was so rude this time, and said, no one is still at the office and hung up on me. + +He then proceeds to ignore my phone calls, I call from a different number, he answers it, and then tells me the same story and hangs up on me again. + +I need the receipt for a GEICO tow reimbursement, and when I read the reviews about this company, they are 90% negative. + +They have a F rating under BBB. + +I am in Chicago. + +What is my course of action? Can I call the bank and reverse the transaction, I am just worried this guy might send my bill to the debt collectors, and damage my credit score. + +He only has my phone number and possibly the car license plate details. + +Please help. + +TL;DR Got stuck in a ditch during snow last weekend, call tow company, tow company pulled car out of the ditch and I was back onto the road within minutes, paid tow company via CC same night (visa chase bank), never got a receipt. Need receipt for GEICO tow reimbursement, tow operator and his company have bad reviews all over the internet. Hard to get in touch with "his" office. + +[UPDATE] Rang the office and someone finally picked up. Told them my story and the lady said to me that the receipt should be available by Thursday, the latest. What sort of company is this, that cant just give me my receipt? Real shady if you ask me. + +[Update 2] Many are asking the name of the tow truck company here, and I dont want to name and shame them yet, will only do that once I dont get the receipt, as they said, I will by Thursday the latest. + +Also, many asked that the tow truck company gets reimbursed by GEICO, and I shouldn't be paying anything, my situation was a bit different, I didn't use their tow trucking company, since their wait to help me was 2.5hrs, I used someone else and the lady on the phone from GEICO, said that was fine, and I will get reimbursed, after I send in the receipt. + +I have also sent out a screenshot of the transaction and copy of the message I received from my bank, notifying of the charge on my visa card from the tow truck company to GEICO, as well as an explanation of what has happened, waiting to hear back from them. + +Some posters are saying my insurance rates might go up, but I am not making a claim, it wasn't an accident, no one was at fault, it is a roadside assistance service, so can my rates go up, if I am not claiming anything? +I think investing in ARK and ICLN are my two biggest investment mistakes. I dumped ARK two weeks back and took loss/will do a tax write off. Should have dumped ICLN too then, regret it. Don’t understand why is ICLN performing this poorly when EV’s and clean energy are gaining momentum. +Since August 5, over 489,000 ETH has been burned. This is about $1,750,000,000 worth of Ethereum. Ethereum has also been consistently seeing deflationary days. Not only this, but Ethereum is also close to a triple halving. Perhaps the most bullish thing is that Crypto exchanges are running out of Ethereum. + +&#x200B; + +[ETH On Exchanges at their lowest level](https://preview.redd.it/smgzr8ne3is71.png?width=447&format=png&auto=webp&s=7925437721a3fa86a0a8934d0c4b13fb79fa5fa9) + +And guess what? This is not even the biggest news for Ethereum. Ethereum layer 2 is also promising 100x gas cuts and is expected to be live by November. This is incredibly bullish for Ethereum. We can easily expect one of the largest bull runs ever if this keeps continuing. Miners are also losing momentum too. With Ethereum being burned more and more and exchanges almost running out soon, I'd say get ready for a supply shock soon. +Bloomberg reported today melvin dumping alphabet, mastercard and other assets + + +https://www.bloomberg.com/news/articles/2022-02-14/key-takeaways-from-hedge-funds-quarterly-13f-filings-toplive[https://www.bloomberg.com/news/articles/2022-02-14/key-takeaways-from-hedge-funds-quarterly-13f-filings-toplive](https://www.bloomberg.com/news/articles/2022-02-14/key-takeaways-from-hedge-funds-quarterly-13f-filings-toplive) +The average price for a gallon of unleaded gasoline rose above $5 nationally for the first time due to increased demand from the economy reopening from the pandemic and depleted oil supplies stemming in part from the war in Ukraine. + +Prices look set to continue rising into the summer months, analysts said. + +the average national price reached $5.004 on Saturday. That’s up from about $3.07 a year ago and a record price not adjusted for inflation. At the end of the week, prices had already averaged $5 or more in about 20 states, with the highest prices on the West Coast. + +“By my calculations, the typical household is spending about $160 more on gas a month than a year ago,” said Mark Zandi, chief economist at Moody’s Analytics. “That’s a big bite.” + +Gasoline prices normally peak in mid-May, but this year they have continued to rise and the average price is about 65 cents higher than a month ago. Due to short supplies this year, analysts are forecasting that prices may not top out until mid-July, when summer driving season traditionally peaks. + +“I don’t think we’re far away” from the highest prices, said Patrick DeHaan, head of petroleum analysis at GasBuddy. “I don’t think it would eclipse $5.50. I would say $5.25 is the top, but again, the market is unhinged.” + +However, if there are any serious refinery outages this summer, or disruptions from hurricanes, gasoline prices could spike, he added. + +Gasoline is in shorter supply than normal because the U.S. has lost about 1 million barrels a day of refining capacity, since before the pandemic. At the same time, sanctions on Russian energy has sent oil prices sharply higher and created tight supplies of both oil and fuel globally. + +Analysts say while consumers are feeling pain at the pump, the price of fueling a car with gasoline is not as big a part of a household’s spending as it had been in the past. That is in part due to more efficient vehicles. + +According to a CNBC analysis, drivers were spending an estimated average 20 cents per mile on gasoline as of June this year, even with the steep price increases. In 1980, that same mile would have cost 30 cents in today’s dollars. +As the title suggests, I'm quite interested to find out what % of your net worth is invested the stock markets. Also interested to hear which regions you're invested in. + +I'm 27 years old and currently have about 30% of my net worth invested in the US market. + +(This thread is mainly to help me figure out how much further I should go!) + +EDIT: Thanks for all the replies - from looking at them it certainly seems like having 50%+ in stocks is quite common. I'll probably slowly work towards that in coming months. +If I understand correctly, high leverage just allows you to make larger trades. It isn't more risky and it doesn't affect your profits/losses. + +If you only want to risk 2% of your account on a trade, high leverage just means you need less capital in your account. So why is everyone advising against high leverage? It is purely to stop people trading too much volume or am I missing something? +Press release: [Consumer Price Index Summary (bls.gov)](https://www.bls.gov/news.release/cpi.nr0.htm) + +&#x200B; + +Please post all CPI related news here, additional threads will be removed. +It's pretty mystifying how both mainstream media and online discussion in general keeps lumping together "real estate prices" in the capitals and elsewhere as one big clump, when the fact of the matter is that apartments and freestanding homes serve entirely different markets, demographics and life stages. + +They return different yields, are affected by different external factors, and require different amounts of upkeep, too. + +Saying that "property prices in X region have climbed Y%" without breaking them up by housing type is really deceptive, and just reeks to me of mainstream journos either not willing to put in the legwork to break them down further, or having an ulterior motive to wanting to disguise the figures in some way. + +Even the recent Corelogic figures posted here didn't break them down by housing classification... kind of irks me and just feels deceptive IMHO. +Remember when offering asking price was good? Remember when offering 10k over asking was good? + +My husband and I bought a property via conventional mortgage with ask of 125k closing on 6 April. Put 20% down so into the property with closing costs 132k. Our appraisal came back 140k. + +The house is a 2 bed 3 bath ranch built in the 1920s in the Midwest, 1450 Sq feet. Large front yard. Two car detached garage. Huge cinder block basement. We debated initially renting it out, decided against due to COVID and not wanting to run into a bad tenant. We debated gutting the kitchen and bathrooms. Kitchen was dated. Bathroom was floor to ceiling light blue 3x3 tile from the 60s but in great shape. + +We decided instead to clean up the property. Make sure electrically everything worked. Replaced two toilets with new models (old ones were blue and not working). Recauked the bathroom tub and shower. Purchased new electric cooktop stove. Repaired drywall, prime and painted a couple rooms. Lots of landscaping, throwing away a lot of trash and garbage. Found hard wood floors under living room and one bedroom. Filled to the brim a $250 dumpster and listed the property for $145k. This was Friday, 23 April, 17 days after closing. + +The house is under contract Sunday, 25 April closing 31 May. + +First offer 150k. Yea, 5k over asking. +Second offer 175k VA w/escalation to 185k with appraisal gap met. Holy crap! +Third offer 167k with escalation to 172.5k +Fourth offer 155k +Two verbal offers for 155k and 160k who didn’t submit due to finding out they couldn’t compete + +We accepted the 175 VA offer. + +We stand to profit 32k plus sellers commission (husband has license). + +I can’t believe offer 3 lost 27.5k over asking. + +And we didn’t offer the property up expecting a bidding war. Again. It appraised for 140k. Very intriguing to wonder what she’ll appraise at now for the buyer and how much he will have to cover. The buyer apparently wasn’t screwing around with this one. + +Not bad for two weeks work. +Ditch The Grid With PowerLab ⚡️ + +\- PowerLab is an innovative new project. We are decentralizing solar energy and building software that utilizes blockchain technology for peer-to-peer energy transfer and the democratization of energy. + +What Is The PowerLab Project?⚡️ + +Our vision is to create truly decentralized solar energy all across the world made up of we the people, not the power companies or middlemen. + +We have created IoT hardware and software for seamless peer-to-peer energy transfer. + +By using blockchain technology we enable owners of solar panels to sell their generated energy to other users, bringing in the best returns possible for their solar energy and the cheapest green energy on the market. + +People across the globe will be able to transfer solar energy to others in their communities using Powerlab token as a medium of exchange. + +Our decentralized system does not rely on the existing power grid infrastructure. + +In the event of inclement weather, power outages, or down power lines, decentralized solar power will still be able to be generated and provide electricity to the community. + +Powerlab is the impetus for the democratization of energy. + +PowerLab’s Official Website : https://powerlabtoken.com/ + +Total Token Supply : 125,000,000✊ + +Tokens For Sale In the ICO : 95,000,000✊ + +Tokens For Bounty And Development Team : 25,000,000✊ + +Tokens For Solar Energy Prosumers : 5,000,000✊ + +Purchase Pre-launch on Pancakeswap V2 : https://exchange.pancakeswap.finance/#/swap?inputCurrency=BNB&outputCurrency=0xc6a5b35845c5A2690A5371E147d1Ef31d77F5662 + +PowerLab Peer-To-Peer Trading And Marketplace Software⚡️ + +Powerlab marketplace enables prosumers and consumers to a unique energy marketplace so all members of the community can trade energy in order to achieve both personal and community energy goals. + +This is a marketplace designed to directly connect prosumers and consumers to their community. + +Powerful Metrics⚡️ + +Analyze the market with customer and trade analytics, trading dynamics, offer subscriptions, and other configurable analytics from consumers and prosumers in an easy-to-use portal. + +✅loT Smart Meter + +✅Full data analysis + +✅Create staking pool + +✅Secure trading dynamics + +Tokenomics - Our pre-launch token starts on 2nd June 2021 will be able to be purchase at Pancakeswap V2. + +TOKEN NAME : POWERLAB TOKEN⚡️ + +TOKEN SYMBOL : PLT⚡️ + +TOTAL TOKEN SUPPLY : 125,000,000⚡️ + +Contract : 0xc6a5b35845c5A2690A5371E147d1Ef31d77F5662 + +Chart : poocoin.app/tokens/0xc6a5b35845c5A2690A5371E147d1Ef31d77F5662 + +Are You Ready? 👌 + +Take the first step to get in on the ground floor phase of a decentralized energy revolution! Join Us in telegram : t.me/powerlabtoken +The recent PCS swap has caused **havoc** for many of us. Many tokens still require to purchase through v1 or purchases made through vs are at a different price. + +This can cause **serious concern** for potential buyers who just want to buy at the best price. + +👊THANKFULLY - Team Bog got your back again👊 + +An update to [bogged.finance/swap](https://bogged.finance/swap) now allows Swap between **any token-token pairs** and have your trade automatically routed through either Pancake V1 or V2 to give you the **best price** with no extra effort on your part - it's like Pancake's chaotic update never happened! This is a **FREE TO USE SERVICE** + +**What else are these incredibly talented devs up to?** + +🔸The bog sniper announcement on 27/4 caused a serious surge in price as everyone scrambled to hold enough bog to be able to use this tool. For more info see: [Token Sniper Medium](https://boggedfinance.medium.com/announcing-the-bogged-finance-token-launch-sniper-7dac90c6c917) **Sniper goes live May 2nd** + +🔸BogCharts - now over 1 million unique visitors a day, an all in one seamless charting platform that shows entire wallet balance. + +🔸BogSolo Staking - inbound in next month - stakers will receive a portion of fees made from advertising costs + +🔸Mention of plans for cross-chain in the future in recent AMA "*we've had our eyes on Harmony and KuChain*" + +🔸 "*Nothing to announce yet on the Android/IOS front*" 🧐 + +🔸 Incorporating the BogTools company in Singapore. Advertising on the charts has been returning good money which will put BogTools in a position to survive a bear market downturn. + +🔸Recent AMA here - [https://t.me/ChaposCartel/17331](https://t.me/ChaposCartel/17331) + +**Summary** + +1.Bog Devs are clearly delivering week after week. + +2.There’s now incentive to hold bog as a stack other than just speculative value. + +3.Bogcharts are so popular advertising bog happens in itself. + +So you heard it here **now**, $Bog is an altcoin you need to consider for Your portfolio. It now has multiple use cases (hold for sniper , use for buy sell limits). **Most importantly this is still undervalued at approx 30M marketcap.** + +So if you interested, come join team $Bog. Happy to answer any Qs here / in TG + +LINKS + +[**Bogtools.io**](https://bogtools.io/) + +[**Chart**](https://charts.bogged.finance/) + +[**Bogged.Finance**](https://bogged.finance/) **- Trading Platform** + +[**Bogged.Finance/swap**](https://bogged.finance/swap) **- can buy bog (& anything else) here** + +[**BSCScan - 0xd7b729ef857aa773f47d37088a1181bb3fbf0099**](https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099) + +[**Reddit**](https://www.reddit.com/r/BogTools) + +[**Coingecko**](https://www.coingecko.com/en/coins/bogged-finance) + +[**CoinMarketCap**](https://coinmarketcap.com/currencies/bogged-finance/) + +[**Twitter**](https://twitter.com/bogtools) + +[**How to place buy/sell order Video**](https://www.reddit.com/r/BogTools/comments/modi2x/bogtools_limit_order_howto_video_mass_adoption/?utm_source=share&utm_medium=web2x&context=3) + +[**How to buy Bog / Use Bogged Finance with Trustwallet**](https://www.reddit.com/r/BogTools/comments/mrcktr/how_to_use_boggedfinance_on_trustwallet_android/?utm_source=share&utm_medium=web2x&context=3) + +[**Token Sniper Medium**](https://boggedfinance.medium.com/announcing-the-bogged-finance-token-launch-sniper-7dac90c6c917) + +HAPPY TRADING TEAM + +DYOR + +NOT FINANCIAL ADVICE +This is a follow-up of sorts to [my previous post where I thought everything had been resolved](https://www.reddit.com/r/personalfinance/comments/7hqaen/employer_recently_changed_providers_and_i/). + +In yesterday's mail I received a collection notice from Grant Mercantile Agency (is ID'ing them by name okay? I'll remove their name if Mods disapprove) showing a Principal amount of $0.00, because I'd paid the bill in full in June, but with Interest of $15.38. So the collection agency is claiming I ***currently*** owe them $15.38. ("Because of interest and other charges that may vary from day to day, the amount due on the day you pay may be greater.") + +I immediately called the radiology center where I'd paid the bill in June but their A/R people had already left for the day, so I got A/R's direct number and am planning to call them this morning. + +I'm hoping A/R will call the collection agency (CA) and tell them to knock it off. + +But it's also entirely possible that this is something I may need to do myself. + +So, that's the question. + +If I do have to call the CA myself and **IF** they're ***not*** willing to acknowledge that this is clearly a computer error and just zero out the account, how do I fight this? What do I tell them? *Other* than "fuck off, you shady cunts". Because that would not only *not* be polite but counterproductive as well. + +And I'm certainly **not** paying interest on a bill that I've already paid in full. + +***Update:*** I just spoke to A/R, told them the CA was charging me $15 interest on a $0.00 bill, and they agreed that that's not right. They're going to send me a $0.00 statement, and said they will also contact the CA to let them know the account has been settled. I guess I'll have to wait to see if the CA is willing to play ball, or if they'll still try to get a slice of my pie. + +***2nd Update:*** A couple of hours have passed and I decided to call the CA myself. With all the bad rep CAs get, the lady I spoke to was very polite, friendly, nice, etc. She looked up my account, told me it had been zeroed out, and that I did not owe them a penny. She also assured me that the debt had ***not*** been reported to the credit reporting agencies, then reassured me a second time that it would not be. Yes, she actually said it twice, that it ***has not*** been reported and ***will not*** be reported to them. + +Due to the security snafu with Experian we have their "Pro" service for a year (or however long it is) so when I get home tonight I should be able to pull my credit report with them for free, regardless of the "one free report per year" caveat. +**Update**: Thank you for your comments I'm really appreciated your inputs. Just to be clear that yes most of the exchanges between me and the agent was text messages but when I put down a formal offer of $740,000, it was a formal email with all of our details as required. + +&#x200B; + +I already posted this in a comment section in another Reddit sub so sorry if I'm repeating myself. So here is the story. + +We went to an inspection a few weeks ago for a house, price range is $750K-$820K. After went home a day or so, I texted the real estate agent if the owner would accept $760K. She got back to me and said she already got offers at low $800K. So I just accepted and moved on. + +Then last week she texted me again and said the house was open for more inspection. I asked back about the offers and she said the buyers had changed their minds. I said to her I liked the place and my offer was firm at $760K though. + +After that, she kept texting me about my offer and whether I wanted to put it down as a formal offer. There was a day I was so busy at work I said to her that I would definitely put down an offer just give me time and she said that I could just texted her my offer if I was too busy and she would arrange everything else. + +I then waited and did a second inspection last Saturday to see if we were 100% sure about the house. Also we bought the building & pest inspection from them so we wanted to go back and check and also other areas around the property (shops, trains station, schools, etc.) + +Yesterday was a day off and she texted me again constantly and asked if I wanted to put my offer in, like the whole day. She asked my preferred settlement day and she said she could do like 30 days, which I could move in before July (I mentioned I would be super busy in July). + +Last night I finally put my offer in at $740K. The reasons are firstly a few similar properties were sold back in February & March at about $760K, and obviously she has been desperate, plus I realised that the property was renovated without permits (they knocked down an internal wall and did a pergola). + +This morning she said the offer was below price range (which I knew) and she already got offer at $795K. I politely replied back "Thank you" and moved on. + +Then in the afternoon she texted me again and asked if I wanted to put in a revised offer. + +I checked the real estate website again and the house is open for more inspection later this week. +Over the course of months the GME'S crashes have been harsh. Most of them triggering a SSR. + +End of March/April we have been seeing a lot of low volume(extremely low volumes) and days of side way trades, which is kind of strange in itself. However, it's even more interesting to note we have been slowly falling for the last week now. + +I have a concern the shorts changed up their strategy to make us paper hand. They probably latched onto the idea that the price plummeting seem too artifical to us so we knew the stock was being manipulated. + +I believe their goal now is to simulate a slow fall to make us believe people are paper handing. + +NOTE: It's funny how it skyrockets during premarket and backs to dipping every day now - only to skyrocket again during premarket + +TL:DR: +🚀💎🙌 +🦍💪🤝 +**TL;DR:** **What do you consider a good P/E ratio?** Looking to start a thread to see how folks go about defining what a good P/E ratio is. My own thought process is outlined below. + +Price to Earnings is one of the most popular valuation ratios, and we all know that low is better than high. We also know that we are supposed to compare P/E ratios of peer companies and industry averages, and that P/E ratios should not be considered in isolation. Having said that, I'd like to expand a little bit on Graham's brief explanation about ideal P/E ratios from The Intelligent Investor book, especially considering the sky-high price multiples we've seen in the last 12-24 months. + +* The theory behind Graham's Price to Earnings analysis comes from the notion that as an investor, if you have money to invest, there are two places where you can put it: **Stocks or Bonds.** +* The goal of investing in the first place is to put your money to work and generate a return on your investment. If you invest your money into stocks or bonds, your money generates a return in the form of: + * **Earnings:** Owning a piece of the company (i.e. shares) means also owning a piece of the earnings. We call this Earnings per Share, or **EPS.** + * **Coupon payments/interest:** As a bond holder, you get your returns in the form of coupons. This is a percentage of the principal. Overall what the bond generates is a **yield**. +* You can think of the price to earnings ratio as the yield on your initial investment when you buy shares. The Earnings Yield formula given the P/E ratio is 100 \* 1/(PE ratio). **So a PE ratio of 20, is comparable to a bond yield of 5%.** + +**Graham's original quote:** *"Our Basic Recommendation is that the stock portfolio, when acquired, should have an overall earnings/price ratio, the reverse of the P/E ratio, at least as high as the current high-grade bond rate. This would mean a P/E ratio no higher than 13.3 against an AA bond yield of 7.5%"* + +Based on the above logic, we can build the following table: + +&#x200B; + +|P/E Ratio|Corresponding Bond Yield| +|:-|:-| +|13.3|7.5%| +|20|5%| +|40|2.5%| +|50|2%| + +* In today's market, the existing Corporate AA bond yield is around 1.94%, which means that a corresponding P/E ratio in these conditions would equal to roughly 50 times earnings, which is quite high. If we look at historical average P/E ratios for the S&P500 we can see that they have been trending up in recent years, especially during the bull run that started in 2020. +* There is also an interesting effect as well when you have low bond yields. Not only investors prefer to invest more in stocks, but it is cheaper for companies as well to borrow money at low interest rates, which they can use to either invest in their own growth or stay in business during difficult times, which causes stock prices to go up and contribute with high price to earnings ratios. Cheap borrowing can't last forever though. + +**Conclusion**: + +Circling back to the original question, I think that a reasonable strategy to identify attractive P/E ratios (assuming the other financial metrics check out) is to look for companies trading at at least 30% discount of the P/E ratio dictated by current yields. At the time of this writing, that figure would be around 35. Remember that High Grade Corporate Bonds' Yields typically are one or two points above US Treasuries. One can also try to factor in that interest rates might rise 1% to 2% in the future, which will push AA Bond Yields up by a couple points as well for an extra margin of safety. As an interesting fact, Warren Buffet bought Coca-Cola at an average P/E of around 24, and AA yields were >7%, so it is well known that it was overvalued, but also we know how that investment turned out. +TLDR - Options data show that the hedgefunds are still fucked and the original plan for bankrupting GME hasn't changed. Since I've become more active on reddit either making posts, commenting more or responding to DMs I've started getting threatening messages and "insulting" comments, these do not bother me and the tone of my posts will now include a lot more sarcasm and mocking in response, please enjoy. + +&#x200B; + +Ape. Are you struggling with the weekend? Do you miss eating crayons? Looking for some friendly confirmation bias to stop you climbing up the walls? + +You've come to the right place! + + +I've gone through all the option data on yahoo finance for this coming week which I will link incase you want to look for yourself. + +([https://finance.yahoo.com/quote/GME/options?p=GME](https://finance.yahoo.com/quote/GME/options?p=GME)) + +For all you apes that don't click links don't worry I've got screenshots, I'm used to you lazy fucks now. + + +[$0.5 - $10 strike price with OI of 228,077 ](https://preview.redd.it/cfeto1o95ds61.png?width=1104&format=png&auto=webp&s=9b6e575a3a400d6e5c57128873f63637edd5eb0a) + +It's likely these options were placed a long time ago so the premium that would've been paid on these puts is likely in the millions of bananas. Hedgefunds go ouch. + +This quite simply is why we keep seeing GME attacked in the news, why Mevlin lied to congress to say they covered thier shorts, why the data that is being reported by S3 and others is just complete bollocks. The play was to bankrupt GME to save on tax. They didn't cover at $40 they aren't covering at $160 because they bet BIG on GME dying. + +&#x200B; + +[$11 - $30 strike price with OI of 72,842](https://preview.redd.it/8xwjxs3s7ds61.png?width=1076&format=png&auto=webp&s=61624af6a0fed3eb36694ba9872a2631b0b23fbf) + +So lets quickly total that up... 300,919 puts with OI for $30 or less... let me just quickly check the price again... $158.36 + +&#x200B; + +https://preview.redd.it/j1gj3i3j8ds61.png?width=500&format=png&auto=webp&s=f4ff23b4da72f66da7ab0d338031921764baa5c4 + +That was a bad play hedgies... Would not recommend. + +I just hope for their sake that they don't have many more of these positions otherwise they are going to be seriously hurting. + +&#x200B; + +[$31 - $50 strike price with OI of 48,542](https://preview.redd.it/mszn8fj09ds61.png?width=1076&format=png&auto=webp&s=12d240d06bbe2399c79e9ad73b57127411810624) + +You think this will go below $50 per share!?!? With Captain Cohen in charge??? + +&#x200B; + +[Mad millionaires calling up Gabe and Kenny G ](https://preview.redd.it/c1wfkqq9ads61.png?width=1136&format=png&auto=webp&s=4e42e8a3526fe9b546ee0e7a73fcba7755ba0f18) + +I keep seeing news reports about reddit being bad for the market users say stupid things like "We like the stock" "Apes together strong" and Citadel spend billions on order flow to know exactly what everyone here is doing so that they can counter it and profit. Yet here we are... shills reading this please ask Kenny, Gabe and any other dumb dumb who keeps betting against GME + +"y u do dis" + +I would like to know. + +Anyway enough sass (for now) back to the data. + +&#x200B; + +[$55 - $145 strike price with OI 46,769](https://preview.redd.it/yqdk0ljfbds61.png?width=1066&format=png&auto=webp&s=7391a378409cc41b03ba6b02514dc02edb1c7f97) + +Ok so we are at 396,230 puts now and none of them are in the money currently moving into next week.... + +&#x200B; + +[Pls shills, ask the dumb dumbs. ](https://preview.redd.it/7u5u2qoicds61.jpg?width=600&format=pjpg&auto=webp&s=aa56a7ee6adc1609d6d273d200c5aa4a72f2a9e3) + +Now to add up all the puts that expire this week on April 16th, there are **422,649** with a large majority of them currently being out of the money. So expect more fuckery and the price to be driven down further but remember that the play is BANKRUPT GME. That was the goal at the start for these hedgefunds and just looking at the insane amount of puts just this week we can see that hasn't changed. + +Just for comparison there are 126,256 call options this week, including 500 from the legend himself u/DeepFuckingValue at $12. Which means he has the right to buy another 50k shares for $12 each. Although it will actually be slightly less as if he decides to as he would've paid a premium for the position already. + +For the moon boys there are 33,300 calls on GME being $800 or higher by Friday 16th. Good luck to anyone on that YOLO play, I personally haven't made any I just buy and hold my shares and then stare at them 24/7 and shout "do a kickflip" so far no success but I'll keep you updated. + +In summary, there really isn't a need for more DD... Hedgefunds put the house, the yacht, the instagram model wives all on GME going bankrupt and it just isn't going to happen. GME recently reported that preliminary sales are up 11% from the same time last year. + + +[https://finance.yahoo.com/news/gamestop-announces-preliminary-sales-results-100000741.html](https://finance.yahoo.com/news/gamestop-announces-preliminary-sales-results-100000741.html) + +Remember that they have also massively reduced costs by moving to ecommerce and closing underpreforming stores, they could very well be on pace to have a more profitable start to the year in 2021 than they did in 2019 precovid and this is just the beginning for the Cohen era for GME. + +The squeeze is invevitable if you have doubts just turn off the news, close your laptop and set a price alert for $800 per share so you don't miss the gamma squeeze, before the short squeeze, before the MOASS! + +&#x200B; + +Thank you and I'll see you somewhere in space! +My Employer is forcing us to take 12 annual leaves as part of annual Christmas shutdown. Is this legal in Australia? 5 days is acceptable but 12/20 per year is too much. That too we were given only a week notice. Had they notified before, I would have cancelled my kids day care or planned some vacation. I feel helpless to whom to complain. +Aside from the fact that it’s actually way safer for you, replacing USDT for other stablecoins will decrease the market cap of Tether and thus make it’s grips on the market looser and looser. + +There are so many other stablecoins that are legitimately backed by a 1:1 ratio like USDC, EURST, BUSD and my favorite USDT. + +If anything we’re slowly starting to see USDT lose dominance in the market and growth is starting to decrease. + +These are all good signs. I hope we finally get rid of that scam coin plaguing the market. +As the title states, the father claimed the child on taxes for 2021 and it was supposed to be my year to claim. There is a court agreement where we switch every year. He says he forgot it wasn’t his year, and then said I should have filed earlier and this wouldn’t be a problem. My question is there anything I can do to get my refund for the child now? Also what is preventing the father from doing this every year? + + + +Edit: thanks guys for all the insight. Mailed it in and all the advice helped! +With the 2024 options now available, I can't help but play around. This is a crazy position that I'm possibly willing to bet the farm on. + +19JAN2024 $1500/$1000 PCS for a $42,000-ish premium and selling 25 of them. + +Max Profit: $1,050,000 + +Max Loss: $200,000 + +Obviously a TSLA Bull, with the ability to replace the account with savings over the 28 months is takes to play out. Early assignment wouldn't be a fun conversation with my broker... +I have been working on an emergency fund and retirement to a lesser extent. But I went a little overboard. I prohibited myself from seeing friends to save petrol and money and I wouldn't allow myself to buy meat when I felt like cooking something fancy. I've missed out on bands in town. I don't travel to see my mother because the train fare means spending. Now I'm sitting here feeling sad and lifeless. I'm just posting this in case someone here is going down the same path. Being sensible is one thing, denying yourself completely is another and a false economy. I would give up a bit of my money not to feel so depressed now. Anyway I'm going to go treat myself to something today so hopefully my mood will improve. +I don’t know much about real-estate and the legality of transferring ownership on property (live in Texas). My dad is pressuring me to transfer ownership of our old house that is paid off rented out to tenants. I think his main goal is to free up his assets so that he can receive maximum benefits from the government when he retires (this January). Anyways, this sounds shady to me and even though I know nothing about assets, my gut is telling me that it can really put me into trouble in the future. My question is, will this cause me more harm (less tax breaks/legal troubles) or good (having assets under my name) in the future? +1. ~~It’s only a limit on LIMIT orders. You can still execute market orders at higher prices.~~ Apparently many apes can’t be bothered to read past this first sentence so I’ve struck it through. I AM NOT NOR HAVE EVER recommended doing market orders. The point of this post wast to dispel FUD through FACTS. This is not a MOASS instruction manual. + +2. This isn’t an adjustment due to “risk”. This is an adjustment due to the fact that they simply have internal algorithms that their brokerage uses to calculate a certain kind of spread. We’ve fucked that up (which is awesome, I love this community). + +3. As a result, just to keep things working, they’ve lowered the limit. BUT THE LIMIT WILL DYNAMICALLY RISE IN CORRELATION WITH THE PRICE. Because as the price increases, so does their algorithm’s upper limit on the spread. THEREFORE I am not suggesting market orders, because this last point renders them unnecessary anyway. + +What happened to skepticism? Why did y’all just accept this FUD at face value and fully integrate it into our collective assumptions? + +I’m seeing Apes respond to it in stride, mostly everyone is just saying “don’t care, wasn’t gonna sell anyway”. But c’mon. There’s an element of disingenuousness to that, but more importantly y’all should’ve picked it apart more. + +I love this community but fuck, our hubris is a double edged sword sometimes. + +Edit: people are asking “but why now?” It’s not as suspicious as you think. We’ve all seen a huge increase in DRSing the past week, and with MOASS on the horizon there is UNDOUBTEDLY a huge increase in limit orders. They simply hit a volume threshold for this that was no longer acceptable. The simple explanation sometimes really is the right one. +Just splitting off an altcoin adds 7 billion USD to the total crypto market cap. + +I thought cryptotards were pissed off at FED emitting new money, but this breaks all limits. So let us maybe fork Bitcoin 10 more times and we will have 1 trillion total market cap valuation in no time. + +Does this even make sense? +As title says, do you think that there is a rebound for INTC? I personally love the company and love the fact that they are investing billions in USA manufacturing (in my home state too). I love the dividend but the price keeps dropping lower and lower. Do you think the dividend is safe? Am I panicking too much? idk. +The future is bright and every ape can play such an important role in getting rid of the trash that's currently in it. + +Edit 1: Down-voted almost instantly ? + +Edit 2: Then APES upvoted! Thanks, this is an important message for all APES to keep in mind, especially the streaming types. +Sort by new for 2 seconds. The number of identical Z1P posts getting removed today is off the chart. It means we end up deleting 10 posts with 5 comments each, when really you could just say your shit in another post or the daily thread. + +&#x200B; + +A decent quality Shitpost is different. But if you have fuck all to say, then just say it in the other post that has fuck all to say. +My Indian stock portfolio is maintained in Zerodha's demat acc. Today, since last couple of hours it is down. I'm not able to add funds in Zerodha. They have recognized the issue and are "deeply regretting inconvenience caused and working on it". I understand that servers/systems can experience unexpected shutdown. However I've been noticing such issues with Zerodha with increasing frequency and that makes me uncomfortable. My questions to fellow investors is: +1) Are there better services in terms of reliability? +2) Is there any data/stats on the downtime of various platforms so that investors can compare themselves and make informed decisions while choosing a broker? +3) If someone has first hand buying/selling experience on multiple platforms, can you share your experience. Which ones did you like and why? +Thanks. +&nbsp; + +Edit: Thanks guys. Will stick with Zerodha for now. +I'm 30/F and of course the question of whether or not I want to have kids eventually is looming over me. + +I got to wondering how much it actually costs to raise a kid to 18 and thought I'd share what I found, especially since I see a lot of "we just had a baby what should we expect?" questions posted here. + +[True cost of raising a child] (http://www.nerdwallet.com/blog/cities/cost-raising-child/). It's based on the [2013 USDA report](http://www.cnpp.usda.gov/sites/default/files/expenditures_on_children_by_families/crc2013.pdf) but takes into account cost of living in various cities. The national average is **$245,340**. Here in Oakland, CA it comes out closer to $337,477!! And this is only to 18, not including cost of college which we all know is getting more and more expensive. + +Then [this other article](http://www.todaysparent.com/family/family-budget/million-dollar-babies/) goes into more of the details of other costs, saying "Ward pegs the all-in cost of raising a child to 18 in the U.S. at around $700,000, or closer to $900,000 to age 22" + +I don't know how you parents do it, this seems like an insane amount to me! + +----- + +**Edit** +I also found this [USDA Cost of Raising a Child Calculator](http://www.cnpp.usda.gov/calculatorintro.htm) which lets you get more granular and input the number of children, number of parents, region, and income. Afterwards you can also customize how much you expect to pay for Housing, Food, Transportation, Clothing, Health, Care, Child Care and Education, and other: "If your yearly expenses are different than average, you can type in your actual expense for a specific budgetary component by just going to Calculator Results, typing in your actual expenses on the results table, and hitting the Recalculate button." + +**Edit 2**: Also note that the estimated expense is based on a child born in 2013. I'm sure plenty of people are/were raised on less but I still find it useful to think about. + +**Edit 3**: A lot of people are saying the number is BS, but it seems totally plausible to me when I break it down actually.. I know someone who is giving his ex $1,100/mo in child support. Kid is currently 2 yrs old. By 18 that comes out to $237,600. That's pretty close to the estimate. + +**Edit 4**: Wow, I really did not expect this to blow up as much as it did. I just thought it was an interesting article. But wanted to add a couple of additional thoughts since I can't reply to everyone... + +A couple of parents have said something along the lines of "If you're pricing it out, you probably shouldn't have a kid anyways because the joy of parenthood is priceless." This seems sort of weird to me, because having kids is obviously a huge commitment. I think it's fair to try and understand what you might be getting into and try to evaluate what changes you'd need to make in order to raise a child before diving into it. Of course I know plenty of people who weren't planning on having kids but accidentally did anyways and make it work despite their circumstances. But if I was going to have a kid I'd like to be somewhat prepared financially to provide for them. + +The estimate is high and I was initially shocked by it, but it hasn't entirely deterred me from possibly having a kid still. Just makes me think hard about what it would take. +Hey bud. + +Take some deep breaths, nice and slow. Put your hands on something solid... Your desk or table or something like that. + +Be right here for a minute. Just focus on your breathing. + +I know things are a lot right now and this dip is scary, but also right now you're ok. Walk away from the charts for a while, enjoy your friends/family/pets and come back after a while. This shit happens all the time in crypto and we are still solidly in the midst of a bullrun. Give the whales time to shake out weak hands in order to scoop up more on discount. If you can buy the dip, if you can't buy the dip just hold and you'll be ok if you just have patience. + +If you're panicking right now, maybe reconsider how much you have invested or what coins your invested in. This is a volitile space and your mental health is more important than some quick gains. Take care of yourself, stay hydrated, check your posture, and keep a big picture perspective. +Hey Everyone, + +I am not sure if this belongs in here but needed some advise. + +Some background info - I am an Indian and follow Hindu religion. These are festive period for us. Diwali is around the corneras well. +I live in Ontario, Canada. I am renting an apartment owned by Drewlo Holdings. + +In my culture, swastika is one of the most auspicious religious sign, which we draw on our door to welcome god into our house. + +My mother had drawn swastika on the door a couple of days ago. Today, I was visited by property manager asking me to remove the sign because, according to her this is nazi sign. I felt very offended and discriminated as without asking me what is the sign or why do i have it on my door, she is accusing me of displaying nazi sign. + +Once i corrected her that this is not a nazi sign but this is a swastika sign which is religious for me, she then goes and says you cant paint anything on the door. Sign which has been drawn is using temporary color which is called kanku (another religious ingredient) and in no way it can damage the door or paint on it. + +I am told, I will be getting a letter from her not sure which kind but, I am hoping i dont get notice to vacate. Has anyone encountered any situation like this before, also, I am not sure if i should complain anywhere. +Looking to do my first flip soon and wondering why people don't just get business card with a 25k or more limit with 16 months (or more) to pay off. + +Why would you borrow money at 8-12% interest when a credit card will give you it for free? Isn't that half the reason for a business card? + +Even besides credit cards, if you're gonna buy appliances or other big purchases, most stores have payment plans. + +Yeah its bad to have various payments for a lot of ways, but if you're going to refinance the money out anyway in a few months.... why not? +Once again... Robinhood seems to have issues no real brokers should ever have. They halted trading on Doge today due to another high latency issue in another critical moment of trading. These guys have such a shady past that taking them seriously as a trading platform is just laughable. The MOASS will happen. It absolutely will... Can you honestly believe Robinhood will honor their basic function as a broker to buy/sell during the squeeze without any issues? If you even slightly paused at that question, you have proven that they cannot be trusted. If you even have to justify their past "outages" as some kind of a legit technical issue... Ask yourself if you've ever heard that from a real broker. + +Get. Out. Of. Robinhood. + +Get your peace of mind now!!! + +Solidify your future NOW! Transfers take no time at all. There are no excuses! My post isn't new and you need to afford this decision. + +You've been warned! And I want to see all of you apes on the moon! This is not financial advice. Do what you want. +Let me start by saying that I am not trying to spread FUD by shitting on positive news, but we really need to have a discussion about the sharing of tweets from two very controversial accounts, ZeroHedge and FXHedge. + +I know a lot of people here like to share tweets from both ZeroHedge and FXHedge because they tweet things that we all hope are true, but being pragmatic is much more important than being obliviously optimistic. My hope here is that people understand that disinformation doesn't just come in the form of negative rumors, it also comes in the form of reinforcing preconceived opinions. Below I have outlined my reasons why we should ban any posts that consist of tweets from these two shit-weasel accounts. I know this topic will be very controversial, and I have made a concerted effort to remain non-political, but I know some will not see it that way. I apologize in advance to the mods that have to deal with the potential shitstorm coming. + +*(Note to readers: All sources are hyperlinked in the text, however some of them may be soft paywalled... you know what to do in that case.)* + +# The problem with ZeroHedge... + +ZeroHedge was founded and operated by a, I shit you not, [Bulgarian-born and U.S.-educated, former hedge-fund trader named Daniel Ivandjiiski. Ivandjiiski was also permanently barred from the securities trading industry by FINRA for insider trading in 2008.](https://newrepublic.com/article/156788/zero-hedge-russian-trojan-horse) His "partners", i.e. accomplices, are [Tim Backshall, a credit derivative swap shit-weasel](https://www.bloomberg.com/news/articles/2016-04-29/unmasking-the-men-behind-zero-hedge-wall-street-s-renegade-blog), and [Colin Lokey, a former Seeking Alpha content director](https://finance.yahoo.com/news/zero-hedge-unmasked-theres-more-142730165.html). + +[Lokey had a falling out with Ivandjiiski and Backshall in 2016 and no longer works with them.](https://newrepublic.com/article/156788/zero-hedge-russian-trojan-horse) + +[In recent years, ZeroHedge has also been promoting a conspiracy theory that is currently destroying families across the world. I can't say what conspiracy due to the fact that my post will be removed, but I'll give you three guesses as to which one that is... or just read the article linked here.](https://www.institutionalinvestor.com/article/b1nl1220xpsxpv/Why-Did-Financial-Flamethrower-Zero-Hedge-Go-All-in-on-Conspiracy-Theories) + +Ivandjiiski is the Bulgarian born son of Krassimir Ivandjiiski. [Krassimir Ivandjiiski is a former Soviet-era Bulgarian Ministry of Foreign Trade official who, since 1994, has been the publisher and editor-in-chief of the far-right Bulgarian political news website, Strogo Sekretno.](https://strogosekretno.com/index.php?p=aboutus) + +[Daniel Ivandjiiski is also a former employee at a hedge fund run by former Goldman-Sachs traders. Ivandjiiski was charged by FINRA of gaining US$780 from an insider trade on 14–15 March 2006. On 3 September 2008, FINRA reached their decision, published on 11 September 2008, that Daniel K. Ivandjiiski was to be barred from acting as a broker or otherwise associating with a broker-dealer firm, and from being a FINRA member. Ivandjiiski had not turned 30 at that time, and did not appeal the FINRA decision. In September 2007, before the FINRA ruling, Ivandjiiski moved to the Connecticut-based hedge fund Wexford Capital LLC, run by former Goldman Sachs traders.](https://en.wikipedia.org/wiki/Daniel_Ivandjiiski#Career) + +People also need to be aware that **ZeroHedge is literally a Russian disinformation network.** + +The following is an excerpt from a paper written by the well known and respected public policy think tank Rand... + +>[These entities include news aggregators, extreme political sites, blogs, and users drawn in by clickbait headlines that reinforce their previously held beliefs, in addition to media outlets that frequently echo the Kremlin line but are not obviously affiliated with Russia, such as ZeroHedge...](https://www.rand.org/content/dam/rand/pubs/research_reports/RR2200/RR2237/RAND_RR2237.pdf) + +That's a pretty bold claim, but if you take the time to read the report, it's a very well researched paper as you would expect from Rand. I thought one of the more interesting figures from the report was a map of Zerohedge's Referrer Network. Those referrer sites look... uhhh... well, take a look for yourself below. + +[ZeroHedges Refferer Network from the Rand research report, page 31 of the PDF.](https://preview.redd.it/9etpvclv2ah81.png?width=1192&format=png&auto=webp&s=0495bc1fa8567e72b36b2a1fc0a3b95650dc9c8c) + +I will stop here on the topic of ZeroHedge. I have given you the information and you can decide from there. + +# Now let's talk about FXHedge... + +Now FXHedge is much more difficult to find information on than ZeroHedge, as this is clearly by design, so I can only use Twitter analytics and common sense, as outlined below, to label them as completely untrustworthy. + +For those of you unfamiliar with FXHedge, all they do is tweet completely unverifiable information that draws in people with clickbait headlines that reinforce their previously held beliefs, like pending margin calls, some crypto scam baits, and curiously, a lot of bullshit about Russia and Ukraine. + +They do this all from an unverified account, because they don't want you to know who's running it. Even if you wanted to call them out on Twitter, you can't do it on their tweets because they only allow accounts that FXHedge follows, or they have mentioned, to reply. + +Some people have said that FXHedge is a bot, but I don't believe that at all. Bots tweet at all times of the day, but the Twitter account analysis suggests there is a live human being curating the account as a full time job. [It's clear that whomever is tweeting from the account is on a work-like schedule, which correlates with the tweets originating from within the continental US based on UTC world time.](https://foller.me/fxhedgers) + +[Does not appear to be a bot, nor a banana, nor cat.](https://preview.redd.it/5akypkv13ah81.png?width=913&format=png&auto=webp&s=a8f42bfc894f5b3a7853faa235fb9f1de750e7f2) + +My absolute favorite thing from the analytics though was the word/topic heatmap. The top 10 used topics/words used by FXHedge were... + +1. *says* +2. *ukraine* +3. *russian* +4. *military* +5. *fed* +6. *white* +7. *russia* +8. *warns* +9. *high stock* +10. *house* + +[This is cancer.](https://preview.redd.it/t5d21gdx2ah81.png?width=872&format=png&auto=webp&s=b6184435938a2d22116700520bb60bccf0073a50) + +This would be more hilarious if it wasn't so horrifying. Remember that scene from *Captain America: Civil War* where they've got Bucky is strapped down and that dude reads the code words in Russian to activate Winter Soldier? It's a lot like that. + +This account shows EVERY single sign of being a sock puppet account to push disinformation and to psychologically manipulate their ***262K*** followers. I guaran-fucking-tee that FXHedge is run by hedge funds, or most likely some state actor looking to wreak havoc on Western financial markets. They have gone to great lengths to make who is behind the account unverifiable as well. This looks to be straight from the Russian Internet Research Agency's playbook developed in the early 2010s. Either it's that agency itself, someone directly or indirectly working for them that's based in the US, or a hedge fund who's adopted their tactics because they saw how well it has worked before. + +That's about all I can dig up on FXHedge currently, so I again leave you with the information to make an informed opinion about them. I'd love to hear if anyone has any more information about who is behind that account. + +# In conclusion... + +These accounts are professional liars. Do not trust them. Do not share them. Do not believe them. Ignore them entirely and block them where you can. Some of what they say may be true, but that's how they get you. It'd be easy to ignore an account that is incorrect 100% of the time, but sprinkle in the occasional truth and that's how they have the power to suck people in. + +**The only account we should 100% trust is Ryan Cohen.** + +Thanks for coming to my TED Talk. + +&#x200B; + +**Edit:** + +*Credit to* u/royal_dump *for sharing an older post that I haven’t seen before.* + +[*This post more or less expands upon why I’m trying to convey here.*](https://www.reddit.com/r/Superstonk/comments/spsa4v/a_warning_about_twitter/hwi5z2p/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +*On another topic, to the ones saying that we shouldn’t ban them and let people decide for themselves…* + +*I don’t understand this line of thinking. If you think boiling it down to something this simple works, then why is the advertising industry worth nearly a TRILLION FUCKING DOLLARS annually? You know why it’s worth that much?* ***Because it fucking works.*** *Whether you admit it or not, this shit works on all of us to varying degrees.* + +*We aren’t allowed to post porn, self promotion, and personal information, but for some reason suggesting banning some obvious shill accounts is somehow worse than those things? This sub isn’t run by the government, so the First Amendment doesn’t apply here. It’s well within the right of this sub to choose what is best for this sub.* + +*Also, I really don’t care if you guys think I have an agenda to push here. As has been suggested by others, I should have included additional accounts here, but I didn’t. You know why? Because I didn’t do any digging on them. I researched these two and presented the information here for people to verify and make a decision for themselves.* + +*I don’t really give a shit if some think I can’t be trusted. My goal wasn’t to get everyone to trust me, my goal was to get everyone to not trust these accounts.* + +&#x200B; + +**Edit 2:** + +*I was trying my best to reply to counter arguments here, but I’m just gonna take a step back from this post. I’m sorry if I can’t get to all the valid counter arguments here, but this post blew up way more than I thought it would and I just can’t keep up with it anymore.* + +&#x200B; + +**Edit 3:** + +*Cleaned up the formatting a bit so the figures don't show up as links.* + +***Also I'd like to request a favor... although appreciated, please stop with the awards***. *It's getting ridiculous. I don't want to be responsible to giving Reddit money. It's also not really helping with credibility of the post since it makes it look as if I have called upon my army of bots to artificially push this post to the top. I want visibility, not clout.* + +*Lastly, I hate that this post has put a picture of Fight Club as the thumbnail preview because that was the picture on the first link I have in the post. It’s dumb and I hate it. I hate it so much.* + +&#x200B; + +**Edit 4:** + +*Shout out to* u/deebrown68 *for making a bunch of shitty comments directed towards me that accuse me of being a shill, then reporting this post as disinformation, and then immediately blocking me after reporting me to the Reddit crisis bot. You seem very mentally stable.* + +&#x200B; + +**Edit 5:** + +*Thanks to* u/Whotopia *for sharing a* [God-level Due Diligence post from last year](https://www.reddit.com/r/Superstonk/comments/pilw2e/the_names_and_faces_behind_superstonks_for_profit/)*. It's not directly related to the accounts mentioned in my post here, but it gives you an idea of how some of these shill accounts operate. It was pretty highly upvoted, but after reading it, it still seems incredibly overlooked.* +My (f35) fiancé (m35) committed suicide two weeks ago. We lived together for years but maintained separate finances. We had no kids and our house, bills, etc are in my name. As far as the house and bills go, everything is taken care of. His family and I want to make sure all his personal bills, credit cards, taxes etc are taken of but we don’t have access to any of his accounts. He did everything online. How do we go about finding out what credit cards, bank accounts, retirement accounts he had? I realize most of this will have to be done by his family because we weren’t technically married yet, but I’d like to have some direction as far next steps are concerned. Any advice on what we/they should do next? +I used to buy stuff all the time thinking that the more I have, the happier I will be. I grew up poor, so I didn't have many nice things growing up. When I started working, I would always spend my money buying the trendiest items, latest gadgets... anything I saw other people post about on social media or in my circle of friends. I thought having what they had will help me fit in. Until it all became too exhausting. + +Late last year, I had a good look at my finances and was surprised to see how much money was wasted on things I didn’t really need, or I only used for a short while and have completely forgotten about. Mind you, I wasn’t that bad. I was still saving a bit but definitely less than I expected. I decided to change my habits and finally take control of my money. I listed down all my goals, created a savings account where I would transfer money for my bills and savings right after payday and religiously tried to live off the remaining amount. + +It’s been 4 months and I just realised something: I am actually happier living with less. It’s like the desire to keep up with everyone just disappeared. I see things for their long term use instead of their short term gratification. +I couldn’t care less if my phone is 3 years old, it’s working fine. I cleaned up my wardrobe and now own some staple items: 3 pairs of jeans, 2 coats, some casual and formal shirts. I have 4 pairs of shoes. I don’t mind if people think I wear the same 3 shirts because the truth of the matter is, they actually don’t care either. I have decluttered my room and thrown away so much stuff that used to be money. The money that I had in exchange of my time. I was sad to see how my time on earth ended up being another item in the bin. + +Somehow, I also stopped feeling so pressured that everyone is buying a house and I’m still sharing a flat. This is what I can afford and that’s ok. + +I’m saving around 40% of my income now. The less I spend on material things means I now have more to save for the important things in my life like travelling and saving up for an early retirement. + +If you ever feel the pressure of having more possessions or comparing yourself to others, think about this: all these stuff are just resources we won't see when we're dead. Try your best to be a good person, find your purpose in life and learn to live with peace and contentment. +https://www.dailymail.co.uk/news/article-8919967/Little-finger-Cadbury-shrinks-size-selection-box-Fudge-bars.html +(Apologies for posting a Daily Mail article) + +Has anyone noticed these tactics food manufacturers are using to continuously shrink or change the quality of the food to maximise profits? + +With more and more data collection techniques and clever wording/marketing it feels like these companies seem to reduce the quality of the product as much as possible to extract as much money as they can. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Never purchased property, so this is all new. I wonder how investors make a living off of their real estate. + +Suppose I purchase a $350k duplex in my home city with a population of 320k and a market rate of $1.1k/mo rent per unit. After taxes and operating costs, this would have an annual cashflow of $3491 and NOI of $21.5k ([diagram](https://imgur.com/a/TrZrZUe)). This assumes only $1k in annual maintenance expenses and excludes property management, which is probably unrealistic. + +On a $150k salary, I'd have to own \~42 units to quit my job and live off the monthly income. The only way I can see someone pulling this off is with a strategy like: + +1. Buy 1-2 duplexes. +2. Grow equity for 5-10 years, then sell. +3. Use profit as down payment for larger properties that can house more units for a lower price per unit (e.g. fourplex). +4. Rinse and repeat. + +This example is anecdotal, so please don't focus on whether it would be a good investment. I'm more interested in understanding what underlying strategies investors use to grow from a couple duplexes to 50+ units. Is the strategy I described on the right track or is there a better way to accumulate units? +It doesn't matter that the market will crash. This isn't a choice anymore, they can only kick the can down the road for so long. This is hurting the average person severely, there is already a lot of uproar. This isn't getting better, they have to act. +This is an excel sheet I use to select the shares I want to buy and the results I will get. I have $5K available, what would you buy at today's average price? + +&#x200B; + +https://preview.redd.it/pzpuv5btpqd91.png?width=464&format=png&auto=webp&s=0af5dfedd89e3d8b02194f6c9f76a65b64c14859 +We are definitely in a bear market and I would like to make a big investment, I think this is a good moment especially if you are planning to hold and go on long term + +My biggest portfolio and bet actually is on Loopring (LRC), why? Low market cap (under 1b) It’s a project under development, once will be finished and mass adopted, I think can go near or over Solana (60/70b map +) this means X70 Devs are working on the project from YEARS, it’s already survived all the others bear market, so we can count on a really seriously team. If you want to see more about, check it : [Loopring](https://loopring.org/#/home) + +Also I'm watching for [ARIVA (ARV)](https://ariva.digital), a project about tourism, check it : [Ariva](https://ariva.digital/whitepaper.pdf) + +Market cap is REALLY low (actually 30m), it's a good idea and a big project to make, if will be completed in the years would be really interesting. + +Those are my 2 crypto actually, I would like to find others. + +**What is your bet guys to make ATLEAST a x10?** +**NOTE: NO DOG SHITCOIN** +Hey Everyone. + +Don't let this scare continue to hurt your investments. Right now the stock is trading at 67.52. 4.4% Dividend, not including the recent announced increase. + +Right before the Covid-19 crisis, they had quarterly earnings of roughly 410 million, estimated 1.4 Billion year over year. That was when they were trading around the upper 70s. + +Now they are seeing almost 500 million in quarterly earnings, trading in the mid 60s still due to the Omicron news. + +Their market cap currently is about the same due to diluted shares. But is still a strong buy until the market cap is 15% above pre-covid levels. + +Long Live O, the most orgasmic stock ever. + +Sources: + +[https://www.macrotrends.net/stocks/charts/O/realty-income/market-cap](https://www.macrotrends.net/stocks/charts/O/realty-income/market-cap) + +[https://www.macrotrends.net/stocks/charts/O/realty-income/revenue](https://www.macrotrends.net/stocks/charts/O/realty-income/revenue) +Well this week, I finally made $1,000 not once, but twice. I'm going to explain my strategy I used because I have not seen it browsing through this forum. The only security I played this week was SPY and I only used call options. I only purchased 10-15 contracts per trade, roughly $1,200-$2,200. I traded primarily in the first 3 hours of the day. Here's how I did it. + +To start off, this trading strategy is pretty simple. The primary focus is on VWAP. When SPY goes below VWAP, especially in the first two hours, I scale into contracts as it goes down. When it breaks VWAP, I scale out as I see weakness in the trend. I will include screenshots of entry/exit points of trades I made. I went back a month to simulate when I would enter/exit positions and I was surprised to find that I would have been green on about 80% of trades I made. + +Here are the trades I made on Friday: + + [b578fd36a75a0d5c78e9c287b2e0b2fa.png (1655×1014) (gyazo.com)](https://i.gyazo.com/b578fd36a75a0d5c78e9c287b2e0b2fa.png) + +The green ovals are entry points, the red are exit points. I was profitable on 100% of the trades I took on this day. + +On Wednesday I didn't make a trade until one hour after open: + + [ffbabfe03426f526ede52af84f5861ea.png (1655×1013) (gyazo.com)](https://i.gyazo.com/ffbabfe03426f526ede52af84f5861ea.png) + +The first trade I noticed that VWAP was acting as a strong resistance, so I sold below it. I wanted my first trade to be quick and profitable so when it was near VWAP I exited my position. This is one of my rules for the strategy. If I notice VWAP acting as a strong resistance, I will sell and look to re-enter. + +This week was really great. I was profitable on 100% of the trades I made using this strategy. I think this is due to luck and market conditions. Obviously, the market was up. The conditions were perfect because VWAP acted as a magnet. I noticed one day a few weeks ago where SPY never went back over VWAP. I didn't trade with this strategy that day. However, my risk level is quite high and this a downside to this strategy. On a bad day when SPY doesn't cross over VWAP, there can be big losses. Everyone should set their own risk levels. + +Edit: forgot to mention strike price/expiration. I use the closest to expiration options and nearest strike price. For example, if Friday the price was at $391.78 I would buy 3/12 $392 calls. I draw my own trend lines and use candle stick patterns for entry points. No other indicators, but I keep an eye on RSI and 9 SMA +Hello guys, I'm renting a double room in Harrow, London. I moved in last December. My landlord just messaged saying that he wants to increase the rent from £750 to £900 in December. That's a whopping 20% increase. I'm not bothered about the notice time frame but rather the increase percentage. + +I've read on various articles that a 2 to 5% increase is fair. What are your thoughts on this? Does 20% increase after a year seem right for a double room in zone 5 given the current economic and market conditions? +\[Note: I'm reposting a segment of my original DD I published today: [https://www.reddit.com/r/Superstonk/comments/u48h7r/wall\_streets\_criminal\_legerdemain/](https://www.reddit.com/r/Superstonk/comments/u48h7r/wall_streets_criminal_legerdemain/) + +The original DD post had an ambiguous title because it went over a variety of topics, which is why it might've not gotten a lot of traction. It was also really long, so I've decided to isolate a segment of that DD and repost it here, because I believe this segment to be the most critical information for Apes and would like spread awareness.\] + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +I've always wondered what happened to the really wealthy/influential public figures that had supported GME in the past, if they ever got threatened/scared out of supporting it like many Apes on Reddit got threatened in the past. It was mostly just a theory, until this happened recently: + +Bill Pulte, Founder of PulteGroup, CEO at Pulte Capital, and a philanthropist with a net worth of 9 figures openly supported GME: + +https://preview.redd.it/ki4kvo99trt81.png?width=591&format=png&auto=webp&s=48071945ddbeb138766aa971b34d3862e4025513 + +He made a 6 figure purchase, and as many of you already know, has gone above and beyond for Apes by providing exceptional support to the community, from free publicity to his 3+ million followers, to supporting the SuperStonk subreddit community. Well, soon after he openly announced his purchase of GME shares, a SHF contacted him: + +https://preview.redd.it/77jg82tbtrt81.png?width=701&format=png&auto=webp&s=49a8782b62ee78560003269a9a40bd8d4ddb23c9 + +The SHF told him not to buy GME, their exact words were "just looking out for you". + +https://preview.redd.it/m8egtb8dtrt81.png?width=706&format=png&auto=webp&s=899989a578a3a36f31ad7efc5dfebcd3d6f59966 + +Pulte publicized this information and refused to back down. A little later Pulte Group was shorted heavily, 75,000 puts worth $20 million purchased, the largest single purchase for options in the market that day. + +I made a comment about this shortly after, putting together the pieces: + +https://preview.redd.it/64x44noetrt81.png?width=919&format=png&auto=webp&s=c00f8c74ed556a1f7c6dd5deb689d34209714eb4 + +Put yourself in Pulte's shoes for a moment. You're minding your own business, and then you get a call from a hedge fund telling you not to buy GME, and then they tell you "just looking out for you". After you hang up, what is your thought going to be? "Wow, these hedge funds really care about me?" No, it's going to be "wow, that threat sounded ominous". + +I've personally been threatened before in real life. In my profession where I once got ambitious on a project, someone that wanted to hijack it told me "they'd offer me protection" or "they just wanted to protect me". Then, because I didn't agree to their terms, they initiated an anonymous smear campaign against me as a way to attack me. I lost funding/support for that project as a result. I know how this shit works. A hedge fund calling this guy, pushing him to not buy GME, then telling him "just looking out for you", is sending him an indirect threat. + +He refused, and got attacked shortly after. Although he has no investments in PulteGroup, it's part of his legacy. Family legacy is very important, especially to those in the upper echelon of society, which is why wealthy criminal organizations tend to use family legacy as leverage against a target of theirs, and the short attack on Pulte Group did affect Pulte: + +https://preview.redd.it/3skblyw9urt81.png?width=714&format=png&auto=webp&s=872dababde160a66b098208b1b82644ca17c4c5a + +https://preview.redd.it/d8npotw9urt81.png?width=715&format=png&auto=webp&s=01d26a4adc77b5bdca96f0e51c2c7118d0a43d69 + +https://preview.redd.it/t4ybd04itrt81.png?width=632&format=png&auto=webp&s=0815ce0c8f3cb8e6bb8ea73e2a31ca9c1cd70b79 + +I know there are many Apes out there that got threatened on Reddit, like me and several others, for things like supporting DRS or exposing shills/criminal activity. There were more public Apes like Kat Stryker that got a Cease & Desist letter from Citadel's lawyers when she wanted to fly a plane banner with #CitadelScandal. There was Christian Andrews, CEO of Initiative Equity Partners, that got threatened by Citadel's lawyers when he publicly stated that Citadel was illegally creating synthetic shares. There was Mo that got under CFA Investigation for exercising his free speech by publicly declaring his disdain for Citadel. + +But Pulte is the first one (that being, an extremely wealthy and influential public figure, up there with billionaires), that openly admitted to being contacted (and indirectly threatened) by a SHF to not purchase GME, and we saw that when he continued to support GME, Pulte Group got shorted heavily. + +On top of that, after Pulte Group was shorted, Cramer went on CNBC talking about BBBY & GME, mentioning Pulte out of nowhere. + +https://reddit.com/link/u4jwqy/video/uvx1v43ntrt81/player + +It seems that any big person/company supporting GameStop against SHFs gets targeted as well. It makes sense in the way that anyone allied with Germany (Italy, Japan, etc.) in WWII were considered enemies to the U.S. Basic war tactic. SHFs are fighting bankruptcy here. This is a war to them, their goal is to stay solvent as long as possible (and that means doing their best to prevent MOASS or at least buy themselves time). As financial terrorist, Kenneth Cordele Griffin, best said it, "each thing we did bought us 1 more day", and so anyone providing significant aid to GameStop (in the form of purchased shares, publicity, etc.), is a threat to them, and Citadel/SHFs will probably want to keep that threat on their radar to attack it in the future. + +Which begs the question...who else did SHFs call? I doubt Pulte was the first/only one they did this to. I know Mark Cuban was very supportive of Apes in the past. He did an AMA in February and encouraged Apes to keep holding: + +https://preview.redd.it/rh1dfq1strt81.png?width=828&format=png&auto=webp&s=ca72cc61754cab2f3ac6ac1edf4f9aa459911340 + +https://preview.redd.it/sretmauttrt81.png?width=710&format=png&auto=webp&s=96abd995336d25f47ada35930e788c800e5e0afc + +https://preview.redd.it/yqoiqeyutrt81.png?width=790&format=png&auto=webp&s=b3cac01bfe5aa00ede11fb03e8474119a11da075 + +He was put down by MSM for supporting the Ape community, and after his AMA he came on CNBC and said "I wasn't telling anyone to buy more", showing signs of backing away despite his full on support Apes previously. He never brought up GME again after that or continued supporting it. + +Did he get a call? Did he worry about his Shark Tank IPOs or investments getting shorted? Did he worry about being a target for SHFs by association with supporting GameStop? We have no idea what happened, but it raises some questions. + +Is shorting being used as a tool for weaponized finance to keep other billionaires in line? Weaponized finance gets used in trade warfare, as described by Carlson in "Bretton Woods & Wall Street" (pg. 351). Internationally, exchange depreciation has been commonly used as leverage to subjugate other countries. It's not a far stretch to say the Wall Street Criminal Club uses sinister methods of financial manipulation, such as shorting a company tied to an individual they deem a threat, to undermine and subjugate that individual, as well as to assert dominance over the entity/individual. + +Billionaire Chamath Palihapitiya supported GameStop earlier than Cuban did. He was supporting the heavy rally of GME before RH disabled the buy button. + +He publicly purchased calls in support of GME: + +https://preview.redd.it/flevayfwtrt81.png?width=630&format=png&auto=webp&s=40a01f09232660d5992fdc70443684bb8d068f9a + +And although he did sell those calls, he still continued to support GameStop and the Ape community. + +He was also put down by MSM for his decision to support Apes: + +https://reddit.com/link/u4jwqy/video/g8f7u25ntrt81/player + +Chamath's support and the free publicity he gave GameStop in January helped lead to SHFs losing a lot of money. So, it makes me wonder if SHFs wanted to punish him after they regained control of the stock in February in order send a message to him and other billionaires considering threatening their short positions on GME. Because a few weeks after that interview, this happened: + +https://preview.redd.it/7rodot4ytrt81.png?width=978&format=png&auto=webp&s=889209a9728aee69055834f577dcd151633de629 + +Chamath's SPACs got shorted hard, similarly to PulteGroup after Pulte continued supporting GME despite warnings from a SHF. + +Did Chamath get a call? Was the shorting of Chamath's SPACs an organized shorting by SHFs as a punishment for Chamath messing with their margin positions in January? Again, you need to understand that SHFs collude. They work together as a club. Anyone that messes with their club gets punished. Anyone that doesn't go along with them, or crosses them, can get made an enemy quickly. Think of it like the Mafia of the financial industry. Again, I can't definitively say anything, but after what happened to Pulte, these things can't be ignored anymore. + +There was also Dave Portnoy, 9 figure net worth and founder of Barstool Sports. He bought GME, and although he sold at a loss of $700k (and, believe me, I was roasting this dude with my memes back in the day, especially when Payne called him a 'little bitch'), he did publicly oppose SHFs and straight up called for Cohen to go to prison. Steve Cohen replied to his tweet about him needing to go to prison: + +https://preview.redd.it/x30zwdwztrt81.png?width=562&format=png&auto=webp&s=760365cc6074a80cb5a1eefefa84addda3f82516 + +We don't have all the details of what happened after that argument, but Portnoy's tweet sharing that he's afraid of Cohen is telling... + +https://preview.redd.it/86vudy31urt81.png?width=720&format=png&auto=webp&s=ccc28a0f233c45ed447d1dee951fd2328cdf78ba + +Did Cohen send one of his people to 'call' Portnoy? Did he get threatened? Why is Portnoy afraid of Cohen after he was bold enough to call for Cohen's arrest and tag him on Twitter? + +There were others like the billionaire Winklevoss Twins and Musk that offered support to GameStop in the past, but kept quiet later. + +I know Musk has been threatened against his will in the past (by the SEC), and his company was attacked heavily by SHFs to the point where it was hurting Tesla badly, so he most likely resonates with what GameStop is going through. He also replied to Dave Lauer in February, acknowledging that synthetic shorts exist, which is big. + +https://preview.redd.it/xfrmgkg3urt81.png?width=599&format=png&auto=webp&s=12887721d038e0d8177ade0b32265cc6679ce9b8 + +Musk obviously knows about the GameStop situation and is the type of person to want to support Apes, but hasn't really been publicly supporting GME since January last year. Is he restricted in some way from supporting it? Will Citadel dump all their shares and tank Tesla stock or will a SHF get the SEC to threaten him with market manipulation? Who knows, but it's something to think about. + +The most important thing here is that we should start asking questions about why very big public figures in the past like Cuban stopped continuing to support the Ape community, even though they seemed very adamant with their support in the past. And Pulte should also be protected. Any regular big name public figure, 9/10 figure philanthropist would've stopped supporting Apes as soon as they got a threatening call from a SHF or saw that by associating with Apes, their legacy was being attacked, but despite all the attacks, Pulte continues to fight for Apes. That is a very unique and remarkable trait, and I have a lot of respect for someone like that. Pulte and any other big name that fights for Apes needs to be protected. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +TL;DR: There is a preponderance of the evidence that suggests the Wall Street Crime Club actively holds heavy influence to what is said by public entities, organizations, and big names outside the club, possibly using more sinister means via weaponized finance. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +Additional Citation + +Carlson, Valdemar. “Bretton Woods and Wall Street.” *The Antioch Review*, vol. 4, no. 3, 1944, pp. 349–57, [https://doi.org/10.2307/4609021](https://doi.org/10.2307/4609021). Accessed 15 Apr. 2022. +So for two months, 8 hours a day, he's been showing us why things had to happen at specific dates (several in January and February) and absolutely nothing has happened except him moving the goal posts to next week, some time in March etc. + +Is there no critique left among the several thousand of apes that wathes the stream and/or keep upvoting his posts? + +The critique is definitely not on his stream - today, I asked two polite but critical questions in the chat and bam! I was just blocked. I think this shows a lot - he enjoys the spotlight but if we question him, it's just silenced. But of course, I wasn't paying him for a superchat or a 99$/m subscription. + +How can this guy not follow through with all his many, many specific dates / events without people starting to go "hmmmm" after 6-9 months of daily streams? It seems not even the apes burning a lot of money on his options talk are calling it - maybe it's too embarrassing ? +https://www.usatoday.com/story/money/2018/01/23/millennials-1-6-now-have-100-000-socked-away/1053803001/ + +I thought this article was interesting... + +> Millennials are pushing back against the stereotype that their money management skills are lacking, as 16% now have savings of $100,000 or more, double the amount of young people who had socked away that much in 2015, according to a new Bank of America survey. + +> The perception that Millennials — Americans between the ages of 23 and 37  — lack savvy when it comes to saving for retirement, budgeting and setting up and sticking to a financial plan is showing signs of being outdated, noted the survey, made available exclusively to USA TODAY.  + +> Despite many of these young Americans coming of age a decade ago during the worst financial crisis since the Great Depression and despite being saddled with high student loan debt, Millennials appear to be getting their financial lives in order and taking money matters more seriously. + +> Sixteen percent say they have $100,000 or more in savings, up from 8% in 2015. And nearly half (47%) have $15,000 socked away, up from 33% in 2015. + +> "Despite stereotypes of Millennials as being foolish with money and not long-term planners," they are actually behaving "quite responsibly" when it comes to money, says Andrew Plepler, global head of environmental, social and governance at Bank of America, summarizing the findings of the bank's 2018 Better Money Habits Millennial Report released Tuesday. "They deserve more credit. Millennials are actually doing better than you — and they — might think." + +> About two of three (63%) of Millennials surveyed say they "are saving," which is in line with 64% of Generation X but shy of 75% of Baby Boomers who set money aside. + +> More importantly, 54% of Millennials say they have a budget, with nearly three of four (73%) saying they stick to the budget each month. And another 57% say they have a "savings goal," which is higher than the 42% of Gen Xers and Boomers who say they are saving with a goal in mind. + +> Those better habits are translating into more sizable account balances — and more financial security. + +> About 60% say they "feel financially secure." + +> "Their financial habits have become more disciplined," Plepler says. "They've built it into their lifestyles." + +> Aside from saving for an emergency, which 64% said was a "top priority," half (49%) said saving for retirement and a third (33%) said saving to buy a house were their top savings goals. + +  + +> Other key findings of BofA's Millennial survey, however, suggest this young generation still suffers from money-related angst and that there's still room for improvement in their cash-management skills. + +> The top financial "stressors" of Millennials, according to the survey, include: + +* Not saving enough (35%). + +* My career path (24%). + +* Not planning and saving for retirement (21%). + +* Not being able to afford a home (20%). + +* Health costs (19%). + +* Student loans; spending more than I should; credit-card debt; not having enough to invest; losing my job (17% for all). + +> One potential challenge for Millennials saving for retirement is the fact that one in four (26%) say they work in the "gig economy," or take on short-term contract work or freelance work. That means they likely don't have access to an employer-sponsored retirement account, such as a 401(k), and, as a result, they have to save on their own. + +> "These gig workers have to be more intentional about their saving," Plepler says.  "The findings of our survey are encouraging, however. Millennials are taking much more proactive steps around saving. But this is an issue we have to monitor." +I am Male, 19, and have been kicked out of my parents house. Prior to that, they tried to make me pay rent, but I really just coudnt find the money to do so as I am taking online cources and I blew all my savings on them. I literally have $65 to my name, and no clue what to do. Ive been living at a friends place, but I really dont plan to stay there for long. Any advice on what I should do? How can I make money? I just need some money so I can get on my feet and find a job for now. Anything helps, thanks everyone! +Whenever I tell people (esp older generation) I own 7 properties I’m met with remarks about what a bad idea it is. Horror stories from their personal experience or someone they know. My parents were 100% against me doing this. Nothing positive to say at all. + +It’s a bit exhausting. + +I have yet to have a true horror story. Just some bumps. I am making good money compared to the effort. + + +Do you just move on from your “horror experiences” or have you not had any? +I am in my 50's and have worked in 5 different companies of all sizes. mostly law firms. + +I also had a small business at some point. Reached fatfire (9m liquid) in January and quit. + +after Fire , I had lot of things to ponder. one of them is my own mindset and why it drove me to spend all these years trying to escape the treadmill. many of my friends are still working. + +According to my limited observation throughout my career, majority of people in the society who chase "fat money" are chasing so that they can enjoy the luxuries that the money provides. They are not looking to get out of the race and nor are they looking for the freedom that money provides. + +There is only a minority of people like us in these FIRE forums who are chasing it for the freedom it provides. Not everyone is trying to escape the treadmill. many don't like to be on the treadmill but its not like they hate it and are constantly thinking about it. At least they are not as desperate as us who are in the FIRE community. They are not spending years trying to get out and therefore there must be a reason why they are not aiming for FIRE. maybe ....just maybe, they are ok with the rat race ! + +Are the few who are desperate to escape the treadmill , misfits in a work culture designed for the majority ? +Or less profitable than fair alternatives. + +I use the term corruption to also include private corruption and many forms of legally allowed practices that are considered corrupt by many fair participants in the economy. Dishonest use of some position of power may be an aproximative definition for moral corruption, if enough morally balanced participants actually care. +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. +It is FEBRUARY. And i'm not complaining in the slightest because I am seriously impressed. + + +It has been MONTHS and we have gotten shit information. (literally 😆) + + +--------------------------------------------------- + +Like i GUESS they announced the NFT market to the creators + +(Power to the Creators) + +--------------------------------------------------- + + + +But they havent had a human leak AT ALL. That is one tight ship and there aint a single set of lips loose enough to fuck up the maiden voyage for themself. EACH and EVERY individual in the company is in it for themselves because they chose to be there, and keeping head down working is their best individual decision. BECAUSE THAT IS WHAT IS HAPPENING. They left big companies to do this. + + +Im just impressed HOW FUCKING QUIET IT IS OVER THERE LIKE WHAT THE FACK. I FEEL LIKE I'M IN A CUSHY ROOM GOING NUTS AT HOW QUIET IT IS. + + + +Like wow. Not bad news. Not good news. JUST NOTHING. What a crazy company to be invested in. + + + +I see news about web3 this and crypto that and NFT this or that and i just now my money is good. GAMESTOP is cooking over there. AND THE SILENCE IS DEFENING 🤪🤪🤪🤪🤪 +I have reposted my questions to them, but their response directly contradicts some of what their own agents have said. Ive posted questions asking for clarification on seemingly false information, and am awaiting an answer. + +We shouldn't let them hold our assets hostage like this, with threat of taxable events when it is absolutely possible to register IRA shares. Other brokers have already done this for many apes, why is Fidelity- the supposed biggest and best broker around- refusing this? Why are they refusing contact details to their compliance officer department? + +I'm incredibly mad, and am pulling assets put of Fidelity after being with them for over 2 decades. + +Please clear this up u/FidelityInvestments, either here or the post in your own subreddit i posted these questions to. +This is coming from a US perspective, but if any economists in different countries have an opinion on how it is over there than I'd love to hear! + +Anyways, I would never consider myself anywhere near an expert on economics, but I like to treat it like I do climate change: if you're not willing to become an expert than defer to the expert s and listen to what they have to say. With that said, it seems like that simple advice essentially eclipses many of our policymakers, and what's more it seems to be a fairly bipartisan problem. Do you feel it is accurate to say that policy makers tend to either ignore or disregard the work done by economists and, if so, how do you feel with it? Personally, it drives me insane feeling like we could be fixing a plethora of our economic problems if we only sat down and made economically literate policies, but maybe I'm overly cynical. +Eric Adams, the mayor-elect of NYC just said he is going to take his first three paychecks in Bitcoin. After his promise to make NYC a crypto hub, this is a pretty strong follow-up action. Mayor of NYC taking his first paychecks not in US Dollar but in open, decentralized Bitcoin. + +Also, as you guys know, he is part of the Democratic party. This is interesting too, as until now, Bitcoin (I think) has been at risk of becoming a partisan topic as it was mostly Republicans that endorsed Bitcoin. + +edit: thanks for the upvotes and awards fellow Bitcoiners! I guess my contribution was pretty small (copy a tweet hehe) but nevertheless I feel thankful and I think I've never got awards before, makes me feel more part of the community! Hugs&sats to all! + +[https://twitter.com/ericadamsfornyc/status/1456311827550384129](https://twitter.com/ericadamsfornyc/status/1456311827550384129) + +https://preview.redd.it/9zsyjf8qamx71.png?width=662&format=png&auto=webp&s=e1fbf0f3fa8ef3838b14af6cbe65e390f3a4aa7f +I work for a big Chinese tech company (can provide proof to mods if required) and I've got a good relationship with my boss but always restricted to work only. + +So couple of days back I broke the boundary and told him if I could ask him a personal question and he was more than willing to listen to me. So this is how it went. + +So straight up I asked him what's the situation with the current Evergrande and real estate bubble back home? Do we have to be worried? (I know us GME holders need not but you know I dint want to break it up to him at first) + +Straight reply from him - You are all fucked. + +*utter silence for 30 seconds* + +I asked him how fucked? His reply - Very much fucked. + +He continued. I don't want to talk much about it but this is all political. Nothing business related. Chinese communist party wanted to show who the real boss is and who will be taking over the world economy. + +If the communist party wanted to, they can bail them out as 400B is nothing for them. But why bail them out when they are the ones who got them to this point? We (Chinese) will be fine because this has been prepared and controlled in the backend for the past 1 year. + +He ended - If you are invested somewhere, pull them out as it will be a shit show. + +I replied - Fair enough but I'm hedged against the econmony, more like an idiosyncratic risk. + +That's it. + +TL;DR - It seems like the Evergrande and and fall of Chinese real estate Sector has been planned by the communist party for over a year to fuck over the world and American economy. +I really don't understand basically anything about options, and calls and shorts or anything outside of actual stocks. + +I've only started investing for a couple of months now and have barely scratched the surface when it comes to this. I tried googling several times and I just couldn't wrap my head around calls, how do they work? How do you even buy them, I found the option in my app... I just didn't understand calls or puts, and buy to open? buy to close? sell to open? sell to close?... + +Any help would be appreciated. + +Thank you +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! + + My friend bought a membership to six flags on my name, phone number, and email without me knowing (his payment card) and didn't pay off the rest of the membership. Six flags sent it to collections on my name and now a debt collector is calling me. I am a minor btw. Will this affect my credit report? +They can no longer manipulate retail with buying and selling, shorting, and having MSM say retail is selling. Bad days no longer have any psychological effect on GME shareholders. But here is their first attempt at destroying morale through rug pulling DRS. They are creating a new play book based off retails new play book. Which we all knew they would do. In my last thread about this someone replied, "I will wait to see their 13fs filed for this type of thing" as if they care about transparency and being honest. + +&#x200B; + +Their only chance of survival is the DRS balances out. To hit a point where it seems like more people sell their DRS shares than transfer in. That's it. They are throwing everything they have at manipulating retail, I made a post about this last week. You either give up, or you prepare yourself for DRS fuckery, because they will do ANYTHING to get you to sell your shares. Buy, DRS, and know what you hold. + +&#x200B; + +Check my post history. + +&#x200B; + +\*edit. Now prepare yourself for msm to finally talk about DRS. They would never talk about DRS when good things were happening, which was odd. How can they ignore the little guy story? The Rocky story. The Rudy story. The poor guys all individually supporting a ticker to get a once in a lifetime win. The american public loves the story of DRS. Dead silence. Crickets. If the DRS rug pull was the play book, be prepared to hear all about DRS now and how retail has finally given up on it. In essence, the exact same play book as what they did on red days, except now with DRS and quarter reports. + +&#x200B; +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! + +There is so much bad advice. +0 DTE, Naked calls etc are the easiest way to blow up your account. 9 successful trades and then 1 bad trade wipes out everything and then some + +Stick to value stocks. Sell far OTM. Keep it simple stupid +Subs like CMS are full of Harambe, FEG, Elongate, Elondoge, Dogemoon, safestar, safemars, safemoon, saferug, at this point Binance Smart Chain is 90% shitcoins, memecoins or pump-and-dumps. BogTools and the native token $BOG are the exception: + +* **DEX limit order trading**, coming April 2nd (preview available on [BogTools.io](https://BogTools.io)), a tool bound to revolutionise the way people use PancakeSwap and other DEXes on BSC. +* **Verifiable randomness** oracle RELEASED: on-chain, decentralised and truly random casinos, lotteries and games powered by BogTools. +* **Price oracles** for any BSC coin [and more](https://bogtools.io/feeds/). +* **BogCharts**, free-to-use live charts for any BSC coin using BogTools' oracles. +* **Bogged ARG**: Alternate Reality Game that involves puzzle and quiz solving, decyphering cryptographical messages, Minecraft hunting and much more, Phase 1 includes $5,000 worth of prizes. +* **NFT Marketplace** to include the first issued $BOG NFT series (Sminem) and many more to come +* Listed on [CoinMarketCap](https://coinmarketcap.com/currencies/bogged-finance/), [CoinGecko](https://www.coingecko.com/en/coins/bogged-finance), [CoinStats](https://coinstats.app/en/coins/bogged-finance/), Coinbase Charts and more. +* All BogTools are powered by the transactions of the native token $BOG, encouraging its use and increasing its value as more BogTools features are released. +* 2 co-founders and a team of 7 developers. One of the co-founders is fully doxxed, his name is Luke Martinez and you can find him on [Twitter](https://twitter.com/LukeBogTools) and on LinkedIn. +* 4.5% of every $BOG transaction is distributed among $BOG stakers (you can stake your $BOG [here](https://bogtools.io/token/staking/)). + +There are 2 main things I love about BogTools. The first one is that the dev team is trying to bring whatever is useful from trading on centralised exchanges such as limit order trading to DeFi. The second one is the dev team's transparency, their consistency with hitting all the deadlines they set for product releases and the constant updates they provide the telegram group with regarding development. + +If you are looking for a pump and dump coin that will only go so far and you're hoping to cash out before the crash, $BOG is not for you. It's 3 weeks old, unbelievably undervalued and it has already blown away any competition it had on BSC like Berry Data (BRY). + +If you're looking for a legit BSC project with a competent dev team and a fantastic community, $BOG is for you. If you want to buy your whole neighbourhood different color Lambos, look no further. Because it's still so early. If memecoins can reach $500M mcap, what's stopping $BOG from going higher than that? + +Oh and, marketing is just getting started... + +[Twitter](https://twitter.com/bogtools) \- [Discord](https://discord.gg/bogtools) \- [Website](https://bogtools.io) \- [BogTools Subreddit](https://www.reddit.com/r/BogTools/) \- [Community Subreddit](https://www.reddit.com/r/bog/) +This week has been brutal. I've lost ALL my gains this week, now in a loss on my investment. I was too greedy not to take profits on my coins when it hit ATH. + +It's important to know when to sell, It makes riding this craziness out so much easier. + +Buy when literally nobody gives a shit about this shit. +Sell when your friends who never expressed an interest before reach out to you about crypto. + +my mom was just completely scammed of everything. she was sent $3,500 from Zelle (mobile banking) and was called from what she thought was her “bank” (she thought it was her bank because they mimicked the banks phone number) telling her it was fraudulent and gave them all her information in order to fix it. once she realized she was scammed she called her actual bank and they told her they have to do an investigation that can take up to 10 days and even then they might not refund any of her money. she is so extremely overwhelmed she is threatening killing herself and selling our house and i don’t know what to do. i’m shaking in fear for what is going to happen as my mom supports my family. so please if anyone has any advice or experience in this please tell me. i don’t know what to do we have no family in the state we live in and this just killed us we weren’t very wealthy before this but now it’s hopeless please help +i’m sorry if this is the wrong subreddit + + +edit : sorry for the confusion but they started with 3500 but after she gave the information they went through her accounts and wired everything she had. they took the money she inherited from my grandpa and everything she had saved up. + +edit 2: you might have gathered i am not entirely familiar with the terminology being used in the thread so i apologize for the confusion. i am learning about all this as i go. thank you all for your advice, every comment has genuinely helped me in one way or another. i am taking it all into serious account and it all has helped me to see this situation in a less panicked and scared perspective. +Discount is 10% off on purchases "shipped and sold by Amazon.com" for 3 months after you arrive. I found my coupon when I changed my address online with the postal service and they showed some promotions afterward. A lot of people might not find out about this until after they already move in and miss out and buy some big ticket items without the discount. + + + +As far as I can tell, Amazon doesn't actually verify whether you moved or not so do with that info what you'd like. I'm not sure about posting links here but the easiest place I have found is to just Google "slick deals amazon move discount" + +Also, since I just moved, id love some other tips/tricks/discounts on saving money due to a move:) + +Edit: I see a lot of people commenting on boycotting amazon for their treatment of workers, and I would urge you if this is something really important to you, to look at other companies (such as FedEx and walmart) and their warehouse conditions. Amazon may not treat their workers the best but they are far from the worst in an infrastructure of warehouses that makes our current society possible. I'm not judging any of you commenting :), just hoping to shed some light on a lot more people getting treated unfairly but without the national coverage being that this has kinda blown up. +Hi, I am a new investor and was building my portfolio out for passive dividends and the common theme I found in my research was a comfortable 5% or higher returns number. However, I can’t find any info as to how should I distribute my monthly savings into XYZ stocks to get a yearly return of 5% or more. Any help in that area would be helpful. Thanks! +Throwaway. + +I'm a young (24) CTO co-founder at a data startup that took off this year in the medical records niche, automating integration with large EMRs for a certain medical specialty. We just started last year after graduating college. Incredibly, we have an offer to sell from one of those EMRs at a pretty high valuation - after payouts to angels, lawyers, and employees, me and the three other founders would net $3.5M each. We see the business growing quickly for a year or two before plateauing due to the relatively small market niche and relatively small economic moat - we got up and running very quickly because of how empty the space is. However we are wondering whether or not to sell, because the medium predicted sale price in a few years could net us $5-$8M per person (the four of us control 60% of the equity and we only have a few angel investors). My friends/co-founders want to stay the course and push for more success, while I want to sell. FIRE, and do some stuff I've always wanted to do. + +I've been following MMM and FIRE for a while, but I've always thought I would normalFIRE at 35 or so with a high savings rate and perhaps $50-60k/yr. This would give me the opportunity to conservatively fatFIRE at $150k/yr, and at such a young age that I could explore projects/build things during the years I'd normally be working my ass off and frugal-ing. I'm also a bit burned out on 14-hr days and would love to relax, buy a normal house, read, do a master's degree, get a better mountain bike, travel a bit, etc. + +Have any of you had to make a choice like this? How did you approach it? How did you try to convince or succeed in convincing others that a parachute like this isn't something to just give up on? Are there other options I'm not considering? +I'm a computer engineer living in a poor country. I couldn't resist any more. All this stress and fear was affecting my mental and physical health. I sold all my bitcoins last week. + +Today I bought my first house. I can't be happier! Thank you BTC! +It was a marvellous journey that lasted 2 years. +A lot of projects here claim to be a ‘community project’ but in the end it’s either a scam or the community has totally nothing to say. Swiss Fund has two main differences compared to the garbage you usually see here: + +&#x200B; + +1 They have a real-life use case + +2 The community owns the project + +&#x200B; + +Use case + +The prior goal with Swiss Fund is to build a community that will be the foundation of a community-owned investment fund that will invest in promising blockchain projects and technology startups. + +&#x200B; + +Community + +The pre-launch ownership renouncing and the fact that the community actually owns the project says enough. To channelize the ownership, Swiss Fund will be opening a dedicated VIP Club soon, where important contributors and top holders are represented to decide about the future of the project. + +&#x200B; + +VIP Club + +With the exclusive VIP Club of Swiss Fund investors, we want to create a private space where we can discuss the future of our project. Since the community is the owner of the project, we need some captains to lead the community. It’s not only about the dev’s or founders, but also for early investors and top holders. Together we decide what is going to happen and how we can grow our investments. + +&#x200B; + +Haters will be hating, but the project looks and feels super legit. Liquidity is locked for a year (!), ownership is renounced, no team wallets, very decent liquidity pool, the marketing is really lifting off, the community is very strong and the dev’s are really helpful and active. + +&#x200B; + +I’m not sure if this project really belongs in this place, but I’m sure that a lot of you people are looking for something that can give you a huge return. That’s why I wanted to share this project with you. You can find all details, their story and white paper on their website: [https://swiss.fund](https://swiss.fund) ([https://swiss.fund/](https://swiss.fund/)). + +&#x200B; + +And the dev’s and VIP’s are very active on Telegram: [https://t.me/MySwissFund](https://t.me/MySwissFund) +The frenzy is real, everyone is panicking, starting to panick or about to panic soon. + +With the recent economic slowdown, international trade wars and heightened tensions in India, Coronovirus has really hit the financial sector and will create further chaos. Considering we are still 6-10 months away from successful vaccination, the markets will suffer. + +Or in simpler terms, markets will correct themselves. + +However, the question remains. Should you hold onto your long term investments? Yes. Should you invest when the economy is down? Yes. + +Why? When everything is in chaos, one should always resort back to fundamentals. Do market always stay crashed? Do they never recover from crashes and recession? Does an individual stops working? + +No. + +So, in simpler terms, markets will struggle time to time but always recover. + +However, what is important is that you have faith in the investments you have made. If you are investing, then study your stock enough to know that it can bounce back good and return to better levels. + +If you are a long term investor, hold. Although, keep in mind that you keep close eye on your stocks to see how much damage are they capable of suffering, and only think about letting go of them if they are too vulnerable. + + +Good luck, finally the big billion sale is on. +Three part question. Genuinely curious. + + +1. What's something you learned or realized after becoming a millionaire? +2. What's something you learned or realized after becoming a multi-millionaire? +3. What's one piece of advice you would give to someone working towards (1) and (2)? Doesn't have to be about how to get to million(s). Can be about work, relationships, health, life in general, etc. +[India VIX chart since its inception](https://i.ibb.co/cvdd7r5/Screenshot-from-2020-03-17-15-45-24.png) + +**India VIX Levels** + +2008 Oct - Around 68 (Lifetime high) + +2019 Dec - 11.6675 + +2020 Mar - 62.925 (439% jump in 2.5 months) + +**What is VIX?** + +VIX aka Volatility index is an index used to measure the near term volatility expectations of the markets. VIX is also a trademark of Chicago Board Options Exchange (CBOE), who introduced volatility as an asset class in the form of an index in 1993. + +Volatility index and Market index are completely different. While market index measures the direction of the market and calculated by the price movements of the underlying stocks, Volatility Index measures the volatility of the market and is calculated using the order book of the underlying index’s options. Another difference is that market index value is a number whereas the volatility index is an annualized percentage. + +**India VIX** + +The volatility index based on the order books of Nifty options is known as India VIX. From the best bid-ask prices of NIFTY Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days. + +Volatility and the value of India VIX move parallel. A higher value of India VIX indicates higher volatility expectations, i.e. a significant change in Nifty and a lower value of India VIX indicates lower volatility expectations, i.e. a minimal change. + +India VIX also has a strong negative correlation with Nifty. Every time India VIX falls, Nifty rises and when India VIX rises, Nifty is bound to fall. Considering historical data, India VIX soared to peak a few days before Nifty touched a bottom post-Lehman crisis. + +Sources: + +1\] [India VIX](https://www1.nseindia.com/live_market/dynaContent/live_watch/vix_home_page.htm) on NSE + +2\] [Chart](https://in.investing.com/indices/india-vix) from investing.com + +3\] [Additional info](https://www.karvyonline.com/knowledge-center/beginner/india-vix) from Karvy +LonelyFans ($LOF) NOW LIVE $1.4M mc + +Intro 💙🚀 + +VERY EXCITED TO ANNOUNCE THE GUYS AT LonelyFans ARE OFFICIALLY LIVE💙💙 + +With this token they are aiming at the OnlyFans community and the beautiful art/content the creators have. + +Will be partnering with these creators and paying them directly for 1 month free subscription to their onlyfans account to our lucky holders!! + +With that, they also aim to host charity events in the future and hope to give money to industries preventing Human Sex trafficking. + +For those affected by such trauma they also hope to give donations for therapy or anything needed to help them recover. 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They want to change lives!! + +As this amazing team finishes up small specs they will post all social links that will include roadmap and will include the tokenomics for this token. + +This is an amazing opportunity for those that want an actual investment and know they made a change in the world as that is what we aim for. + +TEAM OWNER DOXXED ✅ + +VERIFIED CONTRACT SOURCE + +[https://bscscan.com/address/0xb3225ac90b741f762beca76dea1ead278ef26a96#code](https://bscscan.com/address/0xb3225ac90b741f762beca76dea1ead278ef26a96#code) + +Transaction distribution + +3% burn 🔥 + +3% reflection to holders ✅ + +3% sent to Liquidity Pool ✅ + +🔥Tokens Burned (27%) : + +AUDIT COMING SOON + +🔒 Liquidity locked for 5 years! + +Team Tokens locked for a month (different dates) + +Total Supply: 1 Quadrillion + +Dev Tokens : 2% (Vested for 6 months) + +Marketing Tokens : 5% + +Tokens Burned: 278 Trillion + +Liquidity lock: 85% 5 years + +LIVE CHART 📈 + +[https://poocoin.app/tokens/0xB3225aC90B741f762BecA76dEA1eaD278Ef26A96](https://poocoin.app/tokens/0xB3225aC90B741f762BecA76dEA1eaD278Ef26A96) + +WEBSITE: [lonelyfans.me](https://lonelyfans.me/) + +TELEGRAM : [https://t.me/lonelyfansbsc](https://t.me/lonelyfansbsc) + +DISCORD LINK: [https://discord.gg/Y9ppDp58](https://discord.gg/Y9ppDp58) + +TWITTER: [https://twitter.com/LonelyFansBSC](https://twitter.com/LonelyFansBSC) + +REDDIT: [https://www.reddit.com/r/LonelyFansBSC](https://www.reddit.com/r/LonelyFansBSC) ([https://www.reddit.com/r/LonelyFansBSC/](https://www.reddit.com/r/LonelyFansBSC/))/ + +IG: [https://instagram.com/lonelyfansbsc?igshid=1fuvbojxgu37f](https://instagram.com/lonelyfansbsc?igshid=1fuvbojxgu37f) +[https://www.dtcc.com/legal/issue-eligibility](https://www.dtcc.com/legal/issue-eligibility) + +has anyone seen the new \*UPDATED\* form posted by the DTCC? + +FINAL EDIT!!!!: I think we might be wrong on this one. I’m sorry to kill the hype but I am thinking that this has less to do with GME. I’m not 100% sure tho, I would really like to hear from some of the credentialed big brains like u/atobitt and u/rensole. Again I am an ape just like you guys just wanted to get exposure on something that I saw as possibly huge. +&#x200B; + +A, B, and C seem to be detailing how to basically confirm ownership of a share, and charging a bunch of money until they provide it. PLEASE CAN YOU GUYS TAG BIG BRAIN APES TO HELP!!!! + +EDIT: (A) the DTC Crediting Participant hereby agrees that, if the Certificates are not received by DTC’s Underwriting Department by 4:00 p.m. ET on the Closing Date, DTC may debit the Account of the DTC Crediting Participant to the full extent of the Certificates not so received, + +\- Key word here "may" so still discretion is able to be used and if this debit creates a short position, + +\- If the lender doesn't have the shares DTC may charge the settlement account of the DTC Crediting Participant 130% of the current market value + +\-we charge you 130%, I assume this covers the share, and a little on top to account for some squeeze of the securities represented by such Certificates until they are received by DTC. + +\- You pay a little if they're late a day, if you didn't send anything, we keep hammering you Nothing herein shall affect DTC’s ability to reverse the distribution of the Issue in the event that the Certificates are not received by DTC’s Underwriting Department on the Closing Date; + +UPDATE: this might only apply to physical shares. Somebody related this to a recent sus event involving physical shares. I’ll update if I find out more. + +&#x200B; + +Here is an explanation by one of our fellow apes u/Repulsive_Impact_651 + +" it looks like the DTC issued an emergency rider back on march 12th, which is basically just another term for saying this is effective immediately until told otherwise.. that if a share cannot be accounted for, you now have a form you can fill out and you can state why it wasn't accounted for, using one of the couple of legitimate reasons the emergency rider suggests.. basically inability by dtc to accept it, or courier services or down, etc... the rider says if you legitimately qualify under one of these excuses, then if fill out this form and explain you wont be subject to the 130% short charge on the market value of the failure to deliver you created, since that inhererntly created a naked short position. so basically the DTC is again basically showing they are preparing for a shit storm of FTD's about to come through their system, and it looks like this form in particular is just one of their house chores in preparing for whats about to happen once dtc 2021-005 is implemented. this is dtc way of saying for any of the good guys we want to make sure you arent hurt by our new rule changes https://www.dtcc.com/-/media/Files/pdf/2020/3/13/13099-20.pdf " + +&#x200B; + +TL;DR + +" if they dont have the share, they are charge 130%(if its related to a short position) of the value of the share every friday at 4pm EST. If they can't validate they have the share they have to pay up big, imagine 130% of 200 every friday times 1 billion for example. So they will most likely be a massive buying frenzy of GME to account for their shares and ya.....MOASS. this is big " + +EDIT:I am a physics major. Can a financially literate and big brain ape please help me confirm my bias that this is saying what I am understanding it explicitly, and clearly stating? + +EDIT2:May be some things wrong here I am saying. Need someone to interpret it please. I don't know why they would release this if it wasn't directly correlated with the counterfeit share situation with GME + +EDIT3:Looks like this form was updated today from 2014. Not new. Either way, I believe they updated it in order to use it. + +EDIT4:APES I AM BEING TOLD THIS HAS NOTHING TO DO WITH SHARES OR GME PLEASE I MIGHT DELETE THIS POST. DO NOT BECOME OVER HYPED + +https://www.reddit.com/r/Superstonk/comments/mlss34/additional_information_for_new_letter_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf —Here’s a great post about this +Looking at stocks in India, we have a lack of stocks in the technology space. Only a handful (TCS, Wipro, Infosys, and new players i.e. Mindtree, Happiest Tree Tech.). + +I have 2 questions: + +1. Is it a lack of growth prospects for these companies compared to other stocks such as Hindustan Unilever and Asian Paints that makes less technology companies to IPO in India? + +2. Are fundamentals good for the tech stocks in India? +*Some personal background:* + +I'm a 21M Spaniard, getting a Vocational Degree in Logistics. + +Currently I am living with my parents and have no financial obligations of my own. + +Last month I got to intern at a local railway company, for which I got paid 1000€. + +*** + +I know almost nothing about investing or what I should do with that money. + +The only thing I'd want to buy myself with that money is a new PC, but my old one is fine for now. + +One thing that's clear to me is that I want nothing to do with Crypto. I won't dwell into this too much, but from a personal standpoint I don't like it in general. + +*** + +Should I get started on the stock market? Should I keep that money in my bank account? + +I am probably not going to earn another 1000€ until next year. But as I said before, my parents pay for my every single other expense (for which I am very thankful and lucky for), which means I am neither broke nor bettering myself from a financial POV. + +*** + +Any advice is appreciated! +First I would like to apologize if this isn't the right place to be posting this in. + +As the title states, I need some guidance on who to open up my ROTH IRA account with as there are multiple places I can do so, but knowing that I feel confused on who to go with and if there are benefits choosing one over another. + +Two of the investors I've heard about are Vanguard and Ally. + +Also how much should I be contributing to it on monthly/yearly basis? + +&#x200B; + +Thank you in advance for any information and guidance. +**TL;DR** + +* In the early aughts (noughties if you're British) several companies had recently requested to withdraw from the DTC, citing systemic fraud and abusive short-selling. +* The DTC didn't like that, so they proposed a rule change stating that they (the DTC) aren't required to comply with or action on these types of requests, effectively locking companies and their investors into the DTC's system whether they like it or not. +* There was no investigation into the claims of fraud and abuse. +* The public was allowed only a limited amount of time to comment on the proposed rule changes. +* Of the comments that _were_ received, the majority were _opposed_ to the rule change, and they urged the SEC to take the time to investigate and to allow further public comment. +* The SEC summarily approved the rule change anyway. +* Lastly, the DTC (and therefore the SEC, by association) stated explicitly that they will do _nothing_ to combat fraud and abuse, and that it is the job of retail investors themselves to protect both themselves and the companies they invest in _by directly registering their shareholdings_: + +> DTC disagreed with the commenters' contention that it had an obligation to take action to resolve **the issues associated with naked short selling** because those issues arise in the context of trading and not in the book-entry transfer of securities. **DTC pointed out that if beneficial owners believe that their interests are best protected by not having their shares subject to book-entry transfer at DTC, then they can instruct their broker-dealer to execute a withdrawal-by-transfer, which will remove the securities from DTC and transfer them to the shareholder in certificated form.** + +Bonus: As part of this proposal, the DTC outright admitted that they cannot do their one and only job! + +> DTC believes that if it were to exit shares upon demand of an issuer, there is no mechanism to ensure that the shares entrusted to DTC by its participants would be returned to their rightful owners. This, DTC contended, would be inconsistent with its obligations under Section 17A. + +**An Indecent Proposal** + +https://www.sec.gov/rules/sro/34-47978.htm + +That's it. Read it; like my wiener, it really isn't that long. If anything in my summary above is wrong, let me know and I'll edit this post. + +**U Mad?** + +You're welcome to feel however you feel about this, and free to do whatever you want. As for me, I like the stock; and that's why I've chosen to protect it, and in my own smol way all of GameStop, by DRS'ing my entire portion of it. That is all. + +**Edits** + +1: Thx to u/ajquick for pointing-out [a couple of small changes](https://www.reddit.com/r/Superstonk/comments/wkbuts/comment/ijn4vkn/?context=3), made above! + +2: Thx to u/michaellargent for noting [one extra piece of good info](https://www.reddit.com/r/Superstonk/comments/wkbuts/comment/ijnbqdz/?context=3), added above! + I am nosy as fuck and like those articles where the average person shares their budget over a period of time, mainly so I can see how much they’re spending on avocado toast and goat yoga. I’ve thought for a while that the format would translate well to trades, so if you’re a bit of a trading perv and are interested in finding out about about my pint-sized retail trades on mostly meme stocks, read on... + +&#x200B; + +**Background** + +I've had a CommSex account for a while, but never got around to using it until I came accross this sub sometime last May. Flared post as Noob Stuff, because this is my Noob Journey (mods feel free to reflare as something better). Note: nudes are limited to trades, not bodies. + +&#x200B; + +**Disclaimer** + +I’m fairly young, single (or at least I will be once my husband leaves me for his mistress) and my only major financial commitment is rent. I’ve got a reasonably high income and whilst I wouldn’t be particularly happy if I lost all my money on biotech stonks, I will be ok. Basically, my risk tolerance is pretty high, so if I sit at -40% on a stock for months, I really don’t give a shit. Needless to say, I am not a financial advisor, this overly long piece of writing is just for the lolz and cannot be taken as advice, professional or otherwise. + +&#x200B; + +**Full list of trades available here:** [https://docs.google.com/spreadsheets/d/1a70SkMiS4-bGjEU5-7ywUb4ZfqpRDHVQkmzKtPOFZ1o/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1a70SkMiS4-bGjEU5-7ywUb4ZfqpRDHVQkmzKtPOFZ1o/edit?usp=sharing) + +&#x200B; + +**June 2020** + +ASX\_Bets was going nuts for NVX. Being on the milder end of the spectrum (at that point), I decided that I would start off my portfolio balanced, with 1k of NVX and \~1k of VAS. NVX subsequently finished the month down 36% from my purchase price, leaving me down over 20% in total after my first few weeks of trading. I was fucking hooked. Month gain: -20% + +**July 2020** + +Came across a gorgeous little regenerative stonk called WOA thanks to a post on r/ASX_Bets and chucked 1k at it late in the month. Was up 5% on it by the end of the month, so between that and clawing back half my paper losses on NVX, I wasn’t feeling too bad. Month gain: 9% + +**August 2020** + +*Our Stonk, who art in Agriculture, hallowed be thy oat milk; thy research come; thy lupin protein be done in Perth as it is in Williams…* + +WOA was flying on a regenerative high and I was obsessively checking the SP every few minutes when my boss wasn’t looking. ATH was $1.85 and I was hungry for some tender locally sourced beef. I fully committed to life on the spectrum by selling VAS at breakeven and picked up 1k of WOAO in mid-August, followed by another 1k of WOAO a week later. The first 1k was a good decision, but I FOMO’d hard on the second lot and ended up paying the WOAO ATH price. Still, I broke even on WOAO by month end, made some gains pre-Battery Day on NVX and nearly tripled my money on WOA. All in all, a solid month. Month gain: 71% + +**September 2020** + +After my gains on WOA last month, I was thinking I was the next Warren (or rather, Wanda) Buffet. Bought into the absolutely insane BRN hype and also picked up some CRO a couple of days before the options entitlement scheme. Sold BRN a whopping 8 days later for a 35% loss. Bought another 1k of WOAO and then liked the look of MNS so threw some money that way. Put VUL on my ‘to buy’ list whilst it was around $1.25, never got around to buying it. + +The 23rd of September brought the insanity that was Battery Day. I woke up at a ridiculous time of the morning in order to watch a bunch of wankers sitting in their Teslas in a Californian carpark. Totally worth it. Tried a small day trade for the first time and somehow managed not to fuck it up, thanks NVX. Month gain: -14% + +**October 2020** + +My CROO came through, unfortunately I only got my entitlement of 5755 units, rather than the 200k I asked for. Had another go at day trading, this time with CRO and got enough to buy my husband’s mistress a pub lunch. Threw 1k at SBW for the hell of it. Month gain: -9% + +**November 2020** + +Sold all my WOAO for around a 15% profit, not bad considering I really shouldn’t have bought the last 1k worth. Bought another 1k of WOA (ok, so I was too lazy to convert the options) and then started feeling all tingly about Halloysite so bought into ADN. Felt less tingly ten days later after when I was down 24% on ADN by the end of month. Still did alright though. Month gain: 11% + +**December 2020** + +Sold CRO at a loss, but still doing ok-ish overall given CROO. ADN gained a bit of ground, broke even on MNS and SBW did absolutely nothing. Month gain: -7% + +**January 2021** + +Made the brilliant decision to fuck around with biotech stocks. Bought 1k NSBO, then bought some more after the price dropped. It then kept dropping (how dare it?!) so panicked and sold 1k at around a 25% loss, because guess who was also fucking around with T+2 when they shouldn’t have :( I redeemed myself by losing my free-carrying virginity, courtesy of NVX and then bought some more WOA because oat milk. Month gain: 1% + +**February 2021** + +Started off buy free-carrying MNS. Was waiting (and waiting, and waiting…) on some tox results from NSB which never materialised. Ended up converting all my options as I was feeling positive, despite trying my best to avoid the Hot Crapper Boomer threads talking about the potential 100 bagger biotech. Posted a meme about 6800% gains on my $5.76 investment in CROO. Month gain: -3% + +**March 2021 and beyond** + +The next week is going to be very interesting for NSB, given NSBO expires the end of this week and there is a LOT outstanding. I’m planning on hanging onto WOA long term and won’t be touching my free-holds of NVX and MNS, as I think they both should go alright (that’s about the depth of DD you can expect from me). My goal overall is to invest 1k per month, so given my spending in Jan/Feb, I’ll probably be holding off during March and potentially April. Hopefully someone else writes some good DD and convinces me to dump some money into a new stonk come April/May. Future months gain: 🚀🚀🚀 + +&#x200B; + +**‘Learnings’** + +After all of that, you’re probably asking what I’ve learnt… well these are the rules/guidelines that I’ve come up with over the past ten months. I reserve the right to ignore them when it suits me (\*coughs\* WOA/NSB \*coughs\*). + +1. This is a hobby, breaking even is the goal + +2. Only invest $1000 at a time + +3. Only invest in something I believe in (I know I'm going to get shit for this...) + +4. Free carry at 100% + +5. No FOMO + +6. No FOMO! + +&#x200B; + +**In summary** + +I am up about 11% overall, so considering point 1, I’m pretty pleased with myself. Have I fucked up multiple times and could have potentially got higher returns, abso-fucking-lutely. But I’ve still made a bit of money and seen/read some truly fucked up shit on this sub, so I’d call that a maybe win? + +&#x200B; + +Anyway, I hope you enjoyed that. If anyone else wants to get (trading) naked, I'd be interested to read your posts, but keep your fucking nudes to yourself. May your days be green and your tendies plentiful, + +Becify + +&#x200B; + +TLDR: After 10 months, many meme stonks and fuck ups, I’m up 11% but slightly mentally scarred from all the ‘I’m going to eat my own bodily substances’ bet posts. +My fiance (30) and I (31) have been caught up in an unsellable flat In London because of the cladding scandal. We had planned on being here for 3 years (now completed) and save enough to buy a house in the countryside for when we hit 30. Neither of us really wanted to live in the city beyond that. + +But because of the bank's not lending or remortgaging any flats that have a spot of cladding we can't sell, nor can one of us get off our current mortgage so we can buy another house with our savings (to avoid a v expensive second home stamp duty). + +With the fixes for the cladding being 3 years off, we are struggling to work out what we should do with our money / lives and would love some creative thinking from you gurus. + +We have roughly 140k in our flat, which was worth 400k 3 years ago. Between us we have saved around 100k for the next house since then. My salary is ~85k, hers ~65k. + +Any advice on how we could make our money go the furthest / not get FOMO on the current house market surge in the countryside. + +Edit: re the 3 year second home stamp duty rebate, we are really concerned with that because if the works take any longer than 3 years (which I expect them to be, since no building work is ever on time), it seems like a v costly move. Even if we were to sell the other one, that's some £20k stamp duty money down the drain on a temporary house. +Here is a rant that nobody cares about, but it's good enough to read, I'll even give you a TLDR now. + +TLDR: We are this way, because it's the only way we are allowed to be, as retail traders. + +Now that that's out of the way, lets look at it from a normie traders point of view. + +&#x200B; + +1. **Pattern Day Trading:** Why does it exist? To protect us? From what? Do you ask for a W2 for everyone literally walking into a casino to see if they are capable of losing what they are risking? No, they are free to spend as they please. Funny, I thought that's what a free market was for too? +2. **Market Makers:** You want us to literally just stop, leave, and use a casino? Use DraftKings and that sort of platform, ok. Now what, how do you make your money off of "dumb money" when it's gone? You need us, we need you. +3. **\*WHY\* is a collective of people on Reddit such a danger?:** For the sake of arguing, before this happened, there were 800,000 of us just being collectively dumb together. LETS JUST SAY, combined, we had 1 billion dollars between 800,000 people. That's scary? You lost 2.7b in the first wave of short losses, then asked for help for another 3b. Do you know what that means? THAT MEANS, that hedge funds, as a collective, is the problem, NOT REDDIT. +4. **When we got together, it was a crime, when you got together, it was not a problem?** How can we be "investors" in a rigged game, literally, please explain it. We HAVE TO GAMBLE to make money, because those are YOUR RULES. +5. **Trading is passive income, not a job:** Yeah, it's a passive way to kill time for 95% of us, make a little side money, couple grand here or there, sometimes get lucky and make 10k. This is a lot for regular people, it's literally NOTHING to you, but debt payment and vacation funds for us. +6. **We are Degenerates and Dumb Money:** If a large group of dumb people cost you money is a problem...then why is a large group of smart people (you market makers and hedge funds) that manipulate costs to take dumb moneys money away, allowed? + +Anyways, there is a list 3 miles long. + +GameStop isn't about GameStop, it's a beacon of reason, it could have been any stock, Citron just picked the target and we used it. + +Good Luck Diamond Handing gents. Think about it this way. No matter what happens, **THEY HAVE LOST MORE MONEY THIS MONTH**, than what average day traders have collectively made in 5 years. Let that sink in. + +Edit: This blew up, appreciate all the support! + +I recently saw this video, it's 10 minutes long, but the ***first 3 are incredibly important!*** +***Jim Cramer*** exposes what illegal activities hedge funds and short sellers do to manipulate the market. [https://www.youtube.com/watch?v=VMuEis3byY4&t=2s](https://www.youtube.com/watch?v=VMuEis3byY4&t=2s) . They literally take advantage of the SEC not knowing what they do. + +Hold strong brothers +So, what FAT level to-do item(s) is still on your bucket list? Inspire us…and maybe tempt us to also add it to our list. + +(Not sure why mods removed this last week shortly after posting, as it’s both FAT related and lifestyle / aspirational). +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) +Thanks everyone for sharing your experiences and the lessons that you've learned from your mistakes and successes. The thread is still open if you want to share. +Please keep sharing the knowledge with the r/investing community. + +I'll be sure to make a summary of the main themes and points that were repeating in the many stories and lessons shared so far in a follow up post. +I just quit my prime and will never buy anything from Amazon again! + +Thats it! Game over! There is plenty of stuff all over the internet and many times even cheaper, but we are to lazy to search, so we go to amazon. Also because its easy with returns, damages or loss of package. (At least in Germany) + +Im done! I buy my stuff over Gamestop or any other (non slavery) supplier. + +Edit: info +https://www.reddit.com/r/Superstonk/comments/pgr21q/stop_using_amazon/?utm_medium=android_app&utm_source=share + +Edit 2: old dd +https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/?utm_medium=android_app&utm_source=share + +Edit 3: +Thanks for all the ups and rewards. I feel so apeish +A gist of what he said: + +1. His kids were not interested in stocks but are hooked onto cryptocurrencies, and the government has to respect that, and develop a positive outlook. + +2. While scams and fraudsters must be cracked down, the general market must be allowed to develop. A working group of SEC, FINCEN, CFTC and other group members are working on identifying scams in this space. + +3. When asked if Crypto has any "intrinsic value"? - There is an intrinsic value and relation of the value of bitcoin and the cost of mining it. + +4. Price of Bitcoin is just one publicly traded company like McDonalds. In comparison, global money supply is 7.6T. And since Bitcoin has been compared to digital gold, value of all gold in the world is 8T. + + +5. HOLY SHT.. He just mentioned "HODL". Hahaha - According to him its "Hold on for dear life". + +"We must crack down hard on those who abuse our young enthusiasm for bitcoin and blockchain technology" + +"We owe it to this new generation, to respect their interest in this new technology with a thoughtful regulatory approach." + +---- + +In the middle of all this Senator Brown was constantly bashing banks, a topic un-related to all the discussion. Apparently banks have had 80+ violations in the recent months. Lol + + +----- +Other points: + +- No of times drug dealing mentioned in the proceedings = 0 + +- No of times terrorism mentioned in the proceedings - Venezuela Petrocoin and Russia Cryptorouble (and North Korea) were discussed - they were seen as ways these countries could use crypto assets to skirt US sanctions. Though the SEC chair addressed that there was not much they could do, but are working with Feds and the treasury. + +- "illegal transactions" was discussed, and the steps taken to combat misuse of crypto. + + + +##Update: + +This is another Nebraska Legislative hearing on Bitcoin bill which is live now: + +http://netnebraska.org/interactive-multimedia/government/legislative-hearing-banking-commerce-and-insurance-room-1507-55 + + +Navi Mutual Fund, owned by Flipkart co-founder Sachin Bansal, announced the launch of Navi Nifty 50 Index Fund, an open-ended equity scheme that would replicate the Nifty 50 index. + + +The fund, with a proposed total expense ratio (TER) at 0.06 per cent, will be the cheapest such fund in the market. As of now, ICICI Prudential Nifty Index Fund with 0.1 per cent TER is currently the cheapest fund in the category + + +Read more at: +[https://economictimes.indiatimes.com/markets/bonds/flipkart-founder-sachin-bansals-mf-house-launches-cheapest-nifty-index-fund/articleshow/83914937.cms?utm\_source=contentofinterest&utm\_medium=text&utm\_campaign=cppst](https://economictimes.indiatimes.com/markets/bonds/flipkart-founder-sachin-bansals-mf-house-launches-cheapest-nifty-index-fund/articleshow/83914937.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst) +The courts have decided that Vodafone dues to the government need to be paid and there is no deferment on the same. Will this have an impact on Franklin Ultra Short Term Bond Fund? + +They had created a side pocket a few months ago, has that been used? + + +https://www.google.com/amp/s/www.livemint.com/companies/news/sc-rejects-bharti-airtel-vodafone-plea-to-review-agr-judgement/amp-11579162443418.html +**What is PAPA DAO**? + +**PAPA DAO** is decentralized reserve currency protocol on the **Avalanche Network** based on the **PAPA** token. **PAPA DAO** develops infrastructure incentives that fulfill its objectives with the **PAPA** token **as the currency of the metaverse and the gaming universe.** As a matter of course, **PAPA DAO** will back and help build the future of metaverse and gaming. Each PAPA token is backed by a basket of assets (**e.g, MIM, PAPA-AVAX LP Tokens, Metaverse Infrastructure Projects, Play-to-earn projects, Digital Land etc etc**) in the PAPA DAO treasury, giving it an intrinsic value that it cannot fall below. PAPA DAO also introduces economic and game-theoretic dynamics into the market through staking and bonding. + +**What is the point of PAPA DAO?** + +Our goal is to build a policy-controlled currency system, native on the AVAX network. The PAPA ecosystem and monetary policy are managed by the PAPA DAO. This way we guarantee transparent decision making and long -term stability.In the long run, we believe this system can be used to optimize for stability and consistency so that PAPA can function as a global unit-of-account and medium-of-exchange currency – both in real-life and in the Metaverse. In the short term, we intend to optimize the system for growth and wealth creation.**The point is to create a new monetary system backed by metaverse & gaming infrastructure, and to build an economy around it.** + +**How do I participate in PAPA DAO?** + +There are two main strategies for market participants: Staking and Bonding. Stakers stake their PAPA tokens in return for more PAPA tokens, while Bonders provide LP tokens or MIM tokens in exchange for discounted PAPA tokens after a fixed vesting period.**As PAPA DAO grows, its objectives is to have a variety of LP tokens from Metaverse and Gaming Projects available for bonding.** + +**How can I benefit from PAPA DAO?** + +Stakers benefit from supply growth. The protocol mints new PAPA tokens from the treasury, the majority of which are distributed to the stakers. Therefore, the gain for stakers will come from their auto-compounding balances, though price exposure is also an important consideration. That is, if the increase in token balance outpaces the potential drop in price (due to inflation), stakers would make a profit.Bonders benefit from price consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is given in PAPA tokens and thus the Bonder's profit would depend on PAPA price when the minted PAPA matures – i.e. when the fixed vesting finish. So, Bonders benefit from a rising or static price for the PAPA token! + +**Who created PAPA DAO?** + +PAPA DAO is a fork of [**Olympus**](https://www.olympusdao.finance/) on the Avalanche Network. Our team is mostly anonymous, born from the DeFi Community as well as the startup scene. We are a group of serial entrepreneurs, DeFi farmers, blockchain developers, and growth hackers. PAPA DAO is working actively at becoming a Decentralized Autonomous Organization — creating a new monetary system backed by metaverse & gaming infrastructure, and to build an economy around it. + +Roadmap + +**Phase 1** + +* PAPA DAO Launch +* Staking and Bonding Live +* PAPA-MIM Bonds +* MIM Bonds +* Application Live +* Growth Hacking Stage 1: Development Launch +* USDT Bonds & more stablecoins Bonds +* wAvax Bonds +* Coingecko, Coinmarketcap Listing +* Dashboard Updates (More metrics) +* 4,4 Bonds + +**Phase 2** + +* Growth Hacking Stage 2: Validation – More Marketing Partnerships +* Launch of DAO +* Treasury Vault Strategies to earn risk -adjusted returns +* Listing on Centralised Exchanges +* PAPA Bank: Lending and Borrowing Protocol +* Further Partnerships +* Audit +* Dual incentivized liquidity pools +* Metaverse & GameFI Liquidity Bond Offering(s) +* PAPA Pro (protocol owned-liquidity-as-a-service) for Metaverse & GameFI Projects +* Cross Chain Liquidity + +**Phase 3** + +* Growth Hacking Stage 3: Scale – Reach Product Market Fit and Self Sustained HypeMachine +* General Cross-chain expansion +* PAPA NFT +* PAPA BRIDGE (Cross-Chain) +* PAPA IncuTech: Acceleration Launchpad to incubate and fuel growth Metaverse and GameFi Start-ups +* Exchange Listings +* IRL & Metaverse PAPA Events + +**Join us!** + +🌐**Website**: [https://papadao.co](https://papadao.co/) + +💬**Telegram**: [https://t.me/papadaoofficial](https://t.me/papadaoofficial) + +**📱Discord**: [https://discord.gg/7tGpUx3xYD](https://discord.gg/7tGpUx3xYD) + +🐣**Twitter**: [https://twitter.com/PapaDAOofficial](https://twitter.com/PapaDAOofficial) +Went out last night with a mate. I recently bought a place for 945k. Put 225k down. Mate says that historically speaking I’d of been better off just investing. I’ve been and still am of the opinion that this is the greatest investment I’ve ever made. + +Still glad I bought a place regardless, but he says that paying off someone else’s mortgage and investing the 225k would of made more money in the long run. + +Does his argument have any merit? +Just in case you missed it, Corporate media did a short and distort piece on RC and his BBBY investment, coordinated- they massed released articles claiming RC sold his BBBY shares and in reality he had to update his fillings to have the *right to sell* since he is now considered an insider. + +archive all the FUD articles, take all those "Tru$t3d s0urces" and avoid them like the plague. + +want to take it one step foward? report those SOB's for short and distort +https://www.sec.gov/oiea/Complaint.html + +this was a SHORT AND DISTORT and is suppose to be ILLEGAL. + +They are desperate. Same thing they have been doing with GME. + Hello my reddit friends! Jumping in Reddit today and wondering if I can get some useful information from it. + +So, I want to invest in crypto and I’m here to read what other cryptos think. Of course, I stick to the basic rule: buy the dip. But for me, as for a beginner it is a bit complicated now as the market is overwhelmed with loads of projects and coins. + +This is the list of low price coins (not shitcoins) that I made for myself: ХDC, XLM, ALGO, SAND, EVER, DASH, FTM. So the tokens are backed up by the strong projects (IMHO) and I consider them worth investing in right now. I’m choosing the best from my list but I’d appreciate it if you guys also share your opinions or maybe your special list of coins that you made for yourself. +Many people will be burned by the bitcoin cash bubble, soon they will realize Ethereum can get 0.1 Gwei confirmed in less than 10 minutes, can deploy smart contracts, and do a lot more than Bitcoin and bitcoin cash. Bitcoin Cash is a precursor to the flippening, to get Bitcoin users off of the main chain, which will open up a new gateway to Ethereum. + +Bitcoin Cash is making users dump their Bitcoin, and they will all realize Ethereum is the best. This will make it easier for people to sell into ETH. + +Get your moon boots on gentlemen +[https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics](https://www.finra.org/investors/learn-to-invest/advanced-investing/margin-statistics) + +&#x200B; + +Based on these margin statistics margin debt is growing at the fastest pace in years reaching almost $860 billion. I think it seems to be on the back of stimulus and low interest rates making it tempting to buy as well as a stock market that keeps going up. Should be interesting to see if this trend continues as we move through a potential "taper tantrum" situation with the fed taking it's foot off the peddle. +I had a look at their [FAQ](https://www.revolut.com/help/exploring-revolut/trading) and here's what I like/don't like right now: + +**LIKE**: + +\- It's available in the country I currently reside in (Romania) - hey, maybe not a big deal for some, but Romanian brokers are super expensive, and some other well-known low-fee brokers like DEGIRO won't open an account for Romanians, so this is a big + for me and probably other Romanian investors +\- As a Premium user I will be able to do 8 free trades per month and then 1GBP/trade (very reasonable in my humble opinion) +\- They will offer real-time prices and +\- I will be able to buy fractional shares (OH YES) +\- The fact that I will be able to trade easily from the same app where I do a lot of other banking right now. +\- Dividend tax - Like most (if not all) brokers, they take withhold 30% but that can be lowered to 15% - it might not sound like a big deal + +**DON'T LIKE**: + +\- Right now they don't have ETFs and that's what I mostly invest in - but they said it's on the roadmap +\- Right now I can transfer stock to Revolut from another broker, or from Revolut to somebody else - but they said it's on the roadmap +\- No price alerts - not a big deal, I can use free 3rd party sites like [Investing.com](https://Investing.com), but it would be nice to have - it's also on the roadmap + +&#x200B; + +That's all I have to say right now - all that being said, I will definitely use this feature (when it's available to Premium accounts, as right now it's only rolling out to Metal card owners), but in a very limited capacity, since I'm really waiting for ETFs. + +What are your thoughts about this? +Will you use it? If no, why not? +This story could definitely have wide ranging impacts within the O&G sector - should be interesting to see how it unfolds: + +* * * + +The chief executives of Exxon XOM -2.65% Mobil Corp. and Chevron Corp. CVX -4.29% spoke last year about combining the oil giants, according to people familiar with the talks, testing the waters for what could be one of the largest corporate mergers ever. + +Chevron Chief Executive Mike Wirth and Exxon CEO Darren Woods spoke shortly after the coronavirus pandemic took hold, decimating oil and gas demand and putting enormous financial strain on both companies, the people said. The discussions were described as preliminary and aren’t ongoing but could come back in the future, the people said. + +Such a deal would reunite the two largest descendants of John D. Rockefeller’s Standard Oil monopoly, which was broken up by U.S. regulators in 1911, and reshape the oil industry. + +A combined company’s market value could top $350 billion. Exxon has a market value of $190 billion, while Chevron’s is $164 billion. Together, they would likely form the world’s second largest oil company by market capitalization and production, producing about 7 million barrels of oil and gas a day, based on pre-pandemic levels, second only in both measures to Saudi Aramco. + +But a merger of the two largest American oil companies could encounter regulatory and antitrust challenges under the Biden administration. President Biden has said climate change is one of the biggest crises the country faces. In October, he said he would push the country to “transition away from the oil industry.” He hasn’t been as vocal about antitrust matters, and the administration has yet to nominate the Justice Department’s head of that division. + +One of the people familiar with the talks said the sides may have missed an opportunity to consummate the deal under former President Donald Trump, whose administration was seen as more friendly to the industry. + +A handful of sizable oil and gas deals were completed last year, including Chevron’s $5 billion takeover of Noble Energy Inc. and ConocoPhillips ’ roughly $10 billion takeover of Concho Resources Inc., but nothing close to the scale of combining San Ramon, Calif.-based Chevron and Irving, Texas-based Exxon. + +Such a deal would be noteworthy in the oil industry, surpassing in size the mega-oil-mergers of the late 1990s and early 2000s, which included the combination of Exxon and Mobil and Chevron and Texaco Inc. + +It also could be the largest corporate tie-up ever, depending on its structure. That distinction currently belongs to the roughly $181 billion purchase of German conglomerate Mannesmann AG by Vodafone AirTouch Plc in 2000, according to Dealogic. + +Many investors, analysts and energy executives have called for consolidation in the beleaguered oil-and-gas industry, arguing that cutting costs and improving operational efficiencies would help companies weather the pandemic-induced downturn and prepare for an uncertain future as many countries seek to reduce their dependence on fossil fuels to combat climate change. + +In an interview discussing Chevron’s earnings Friday, Mr. Wirth, who like Mr. Woods also serves as his company’s board chairman, said that consolidation could make the industry more efficient. He was speaking generally and not about a possible Exxon-Chevron merger. + +“As for larger scale things, it’s happened before,” Mr. Wirth said, referring to the 1990s and early-2000s megamergers. “Time will tell.” + +Paul Sankey, an independent analyst who hypothesized a merger of Chevron and Exxon in October, estimated at the time that the combined company would have a market capitalization of about $300 billion and $100 billion in debt. A merger would allow them to cut a combined $15 billion in administrative expenses and $10 billion in annual capital expenditures, he wrote. + +Exxon was America’s most valuable company seven years ago, with a market value of more than $400 billion, nearly double Chevron’s. But Exxon has fallen from its heights following a series of strategic missteps, which were further exacerbated by the pandemic. It has been eclipsed as a profit engine by tech giants such as Apple Inc. and Amazon.com Inc. in recent years and was removed from the Dow Jones Industrial Average last year for the first time since it was added as Standard Oil of New Jersey in 1928. + +Exxon’s shares have fallen nearly 29% over the last year, while Chevron’s are down about 20%. Chevron briefly topped Exxon in market capitalization in the fall. + +Exxon endured one of its worst financial performances ever in 2020. It is expected to report a fourth consecutive quarterly loss for the first time in modern history on Tuesday and already has posted more than $2 billion in losses through the first three quarters of 2020. + +Chevron also has struggled, reporting nearly $5.5 billion in 2020 losses Friday. But investors have expressed more faith in Chevron because it entered the downturn with a stronger balance sheet—in part because it failed in its $33 billion bid to buy Anadarko Petroleum Corp. before the pandemic, having been outbid by Occidental Petroleum Corp. in 2019. + +Exxon has about $69 billion in debt as of September, while Chevron has around $35 billion, according to S&P Global Market Intelligence. + +Some investors have grown increasingly concerned about Exxon’s direction under Mr. Woods as the company faces a rapidly changing energy industry and growing global consciousness about climate change. Some are also worried that Exxon may have to cut its hefty dividend, which costs it about $15 billion annually, due to its high debt levels. Many individual investors count on the payments as a source of income. + +Mr. Woods embarked on an ambitious plan in 2018 to spend $230 billion to pump an additional one million barrels of oil and gas a day by 2025. But before the pandemic, production was up only slightly and Exxon’s financial flexibility was diminished. In November, Exxon retreated from the plan and said it would cut billions of dollars from its capital spending every year through 2025 and focus on investing in only the most promising assets. + +Meanwhile, the company’s woes have helped draw the attention of activist investors. One of them, Engine No. 1 LLC, has argued that the company should focus more on investments in clean energy while cutting costs elsewhere to preserve its dividend. The firm nominated four directors to Exxon’s board Wednesday and called for it to make strategic changes to its business plan. + +Exxon also has been in talks with another activist, D.E. Shaw Group, and is preparing to announce one or more new board members, additional spending cuts and investments in new technologies to help it reduce its carbon emissions. + +Rivals such as BP PLC and Royal Dutch Shell PLC have embarked on bold strategies to remake their business as regulatory and investor pressure to reduce carbon emissions mounts. Both have said they will invest heavily in renewable energy—a strategy that their investors so far haven’t rewarded. + +Exxon and Chevron haven’t invested substantially in renewables, instead choosing to double down on oil and gas. Both companies have argued that the world will need vast amounts of fossil fuels for decades to come, and that they can capitalize on current underinvestment in oil production. + +https://www.wsj.com/articles/exxon-chevron-ceos-discussed-merger-11612126203?mod=hp_lead_pos1 +Just want to get a feel for what people here think. In 2019 & early ‘20 I bought 2 turnkey properties for well under 200k each, My plan was to buy a 3rd in 2021, but now those kinds of deals don’t seem to exist. My next thought was to maaaybe look towards buying a STR and going the air bnb route, but it seems that all of the places in desirable spots are incredibly inflated. + +What have folks’ strategies been now that things are more expensive? Are you waiting for the market to drop? Will we ever get back to a time when things are not so inflated in your opinion? + +Thanks +I had an interview for a company on May 18th, I have email correspondence that says they want me to buy the flight to the interview as they do not want my personal information or to mess up the flight scheduling, but they will reimburse me for the flights cost. Whatever, figure that’s a normal~ish thing to occur. I go to the interview and we we are not on the same wavelength, so I knew it wasn’t going to work out as did they. + +I called them two weeks ago and asked when I was going to get reimbursed for my flight, they said they were still working on it. + +Is there a specific time I should wait for this reimbursement? What are the steps I should take if they just never send anything back to me? + +Maybe I’m overreacting, but I gave them the price of my flight well before I even went to the interview, so they’ve known the cost of it for nearly two months now. Just seems a little off to me. + +Edit 1. Sent an email out to the person I was in correspondence with previously asking for an ETA. Will update on how she responds. + +Edit 2. Because of some comments made I’ll clarify some things. I’ve already accepted a position at a different company. I heard about this company through my friend who was trying to do business with them. So can’t exactly burn bridges here, but am more than willing to write a Glassdoor review on the interview process if this drags on. + +Edit 3. Heard back from my correspondent at the company saying the payment will be processed in July. Kind of wish it was a set date, but I’ll take it for now. +He everyone thanks for popping it. I want to start by saying I’m a new trader only been trading for about a year, started trading cause I got fired from my job over COVID and thought I had a nack for this and was doing well. Had a 10k account and got that up to 140k In December going into Jan but I then pretty much lost all that in the first couple months of this year due to reinvesting that money. I know I should have put some money aside and better managed it but it all came so fast and I had never had that much money in my life. It was like a movie. I’ll be honest I felt like I couldn’t lose so I kept reinvesting my winnings and I was wrong and now I have a bigger problem. + +Like the title says I owe $15k to the irs after throwing my tax info into turbotax, I got the home and business edition not sure if this was needed or not or if I could have gone with a cheaper option. + +I’ve done a little research on TTS(trader tax status) but it’s still confusing to me and not sure if I’d meet the criteria. My trading only ramped up after Aug 2020 but I still had less than $25k in my account until mid Nov. + +TLDR; pretty much what I want from y’all is some advice or maybe tips/tricks if it’s possible for me to lower how much I owe to the IRS. Is there maybe something in turbo tax I’m doing wrong? Or maybe I have to manually file some forms or just something I’m missing?. Any friendly advice will help. I know it’s pretty late in the tax season and I’m already planning on getting an extension. I don’t expect there is much to be done at this point and that I will probably have to get a payment plan to pay this off but I wanted to make sure and see if the community had any advice. + +Thanks in advance guys + +Edit: thanks for all the replies everyone. Based on what most everyone said I will most likely be going to a tax pro, I was a lil hesitant at first because I wasn’t sure if it would be a waste of money to go to them and have them tell me that there’s nothing else to be done but I’ve decided it will be worth it even just for ease of mind. + +On that note does anyone have suggestions on where to look for tax professionals? I’ve heard that I should look for a tax pro that is familiar and handles day traders taxes specifically. How have your experiences been? I also live in the Chicago land area so if anyone knows a good cpa or tax pro in that area that they can recommend I’d greatly appreciate it. +\*Please note I'm not using real names but the following story is all true. I'm looking for all the advice I can get. + +On the morning of 10/30/2021, I was alerted via text by my credit card company (American Express) of a transaction in the amount of $86.32 from Walmart.com. + +I immediately called American Express and informed them this purchase was not made by me. They said the amount was "pending" but marked it as fraudulent and assured me it wouldn't go through. They also mentioned that this transaction was made using an old credit card that was no longer valid. I thought that was odd because it didn't immediately deny it but put it in a pending state instead. They mentioned that if a former card was in a virtual wallet or digitally in an online profile that it could potentially still be used. I had no idea that would be the case. + +Shortly after the call, I noticed I had an email from Walmart.com. The email confirmed the order I just called American Express to dispute. It was at this time I realized that the suspect purchased these items online, using my account, and thus had access to my virtual wallet. I immediately logged into my Walmart account, changed my password, deleted my old credit card in my virtual wallet, and canceled the confirmed order. It was then that I saw not one but two separate orders with two separate shipping addresses for each order. I tried cancelling both orders but was only able to cancel the first because the second was still processing. + +The first order was for $86.32 (the purchase I just disputed with American Express). The items were an air mattress and adult wet wipes (not making this up). I noticed that the address listed to where the products would be shipped had my first and last name on it but not my home address. I did an open source search of the address and found a name and telephone number attached to the address. + +I called the number believing this may potentially be the suspect. An older gentleman answered the phone and I asked if his name was "Kenny" (not his actual name, just using something for his privacy) and if he lived at that address. He said yes and asked who I was. I told him I had a few questions about his recent online order for Walmart. He said he didn't order anything from Walmart. I asked him, "So you didn't order an air mattress and adult wet wipes from Walmart.com?", to which he responded, "I ordered that stuff on eBay yesterday". This is when I realized, he wasn't the suspect, he was potentially an innocent bystander. I explained the situation and he told me the username he ordered it from on eBay was, "FRX296" (this is not the actual username). I thanked him for the information and ended the call. + +The second order was for $99.98. The items were a 5 Gallon Bucket of Evapo-Rust and a bottle of 5mg Melatonin. Almost the same as the first order but with a different address than the first. My first and last name was attached but the shipping address wasn't mine. I did an open source search of the address and found a name and telephone number attached to the address. + +I called the number and a gentleman answered the phone. I asked if his name was "Scotty" (again, not actual name) and if he lived at that address. He said yes and asked who I was. The conversation went exactly the same way as the previous. He purchased these products on eBay the previous day from the user "FRX296", the same eBay seller. He mentioned he actually purchased two 5 Gallon Buckets from the seller on eBay and said he didn't order the Melatonin pills at all though. I thanked him for the information and ended the call. + +I then called American Express back and let them know that I believe there's two fraudulent transactions on my card and the second may have not come through yet. I also provided them with eBay information I just obtained. While I was on the phone, I received another transaction alert from American Express via text and it was for the second transaction I previously mentioned ($99.98). American Express confirmed this charge as well while on the phone and marked it as fraudulent. They told me that both orders should be cancelled and that there was nothing else I would need to do on my part. The listings for the eBay user "FRX296" are a very random assortment of things ranging from Tires, Ceramic Dishes, and Evapo-Rust. All items are offered "Free Shipping" and at least for the Evapo-Rust, it was the cheapest on the site. A perfect setup to entice potential buyers to buy from him. Weird but smart enough to at least push the product for quick sales. + +I texted "Scotty" a message to let him know that he probably wouldn't receive his items that he ordered from eBay because my credit card company would be denying the Walmart payment. He said he'd dispute it with the seller on eBay if he didn't receive it. I thought that was where this would all end. + +Yesterday, 11/02/2021, I received a text from "Scotty". The order from Walmart did in fact ship to him with my first and last name listed on the package but it was missing an item (the other 5 Gallon Bucket we knew would be missing from the order). He texted me a screenshot of his message to the seller on eBay asking for a return label and refund because the package had someone else's name on it (mine) and that it wasn't everything he ordered. The seller actually provided a return address. That's when I saw the seller's first and last name along with what appeared to be his home address for the first time. I looked up the user on eBay myself and saw the seller had 0 reviews and the account had only be created less than a month ago. + +As a former (8 year) intelligence contractor for two 3 letter agencies, my curiosity got the best of me and I wanted to see what I could find (if anything) using google and other open source entities before I contacted the local sheriff's department closest to the subject's address. + +From a Google search of the address, I was able to determine the homeowners of the property are husband and wife. Same first and last name as the one listed on eBay. + +From a public LinkedIn profile, I determined the husband is a 20+ year experienced Gov-Contractor who specializes in IT data security and IT data privacy. + +Also from a public LinkedIn profile, I determined his wife is a 15+ year experienced banker and is currently working as a Senior Program Manager for American Express...who specializes in fraud and anti-money laundering. + +He's a Gov-Contractor IT Data Specialist and his wife works for my credit card company. I sent everything I had to the FBI Field Office closest to their residence. + +Is this the greatest coincidence of all time or am I about to take down a 15+ year old scam that raked in millions? I hope it gets national attention if it breaks... + +\*UPDATE 11/4\* - I truly appreciate some of the advice from the comments and I'm moving forward with some of it today. I figured it couldn't hurt tipping off the local PD nearest to the alleged suspect's home address. If anything, they'll be more inclined to move on something, especially if it's a relatively quiet county. + +DEF CON - Confessions of an Nespresso Money Mule - YT Video: Not sure who originally posted this in the comments but this is absolutely the scam I'm a part of. Thank you for posting this because I was unaware the scam had a name and it was much bigger than I could imagine. However, there's a key piece missing from her story that is actually in mine. She never tried to return anything to the eBay seller and Scotty did. My case could be a game changer for that reason so if anything, it has given me more initiative to pursue. + +WALMART: This entire process has taught me a lot and some of the business practices I've learned I feel I need to share. Walmart appears to be doing anything they can to keep up with the Amazon style of fast shipping. They're going as far as shipping products while payment is still pending which is what happened in my case. This is bad for many reasons but most importantly it enables scammers to continue to launder money. The reason the payment is pending isn't totally clear but Walmart ships the product anyways because they have to have that 1 or 2 day delivery to compete. Both charges posted to my AMEX account yesterday, exactly 5 days after they were ordered. They've been tagged as fraud and yes, I'll get reimbursed but if Walmart and other business continue to do this, it'll never stop, and in the end, everybody loses. I might get my money back today but somewhere down the road, we'll all pay for it. + +\*UPDATE 11/5\* - I can't speak too much about this and will not answer any questions on this topic but my security team within my office is now part of the investigation. From what I can say, the alleged suspect's clearance credentials have been systematically verified as authentic and active. There is no longer any doubt in my mind that he'll be contacted. Whether he's the suspect or a victim, he's about to realize he's been caught or realize he's part of an elaborate triangulation scam. This may be the end of the story or just the beginning. + +\*UPDATE 11/8\* - Suspect's eBay account as of this morning states, "No longer a registered user". All information has been wiped. Not sure if this is eBay taking action or if the suspect did it themselves. + +\*UPDATE 11/9\* - No response yet from the the FBI Field Office or local PD. Out of a bit of pure frustration, a curious thought occurred to me on my way home from work yesterday that I decided to act on. Without doing any research, I called Walmart's online customer service number and asked if I could get the IP address that was used to purchase my last two online transactions. I figured it was technically "my data" because they were logged into my online profile. I convinced myself that I had the right to know and it turns out, I wasn't wrong. After 40+ minutes of being placed on hold, speaking with 4 different (understandably confused) agents, then patiently listening to one of them read off the shipping addresses for both orders (kindly correcting them that I'm looking for the IP address not a residential address), I was finally given a solid answer. I was told that I would need to fill out a [Walmart/Sam's Club Identity Theft Victim's Affidavit ](https://corporate.walmart.com/media-library/document/walmart-sams-club-identity-theft-victims-affidavit/_proxyDocument?id=00000141-0ed4-dbf5-a359-5ed446910000) to formally request this information. I filled it out and I'm getting it notarized today to send back. I'm pretty intrigued right now. + +\*UPDATE 11/10\* - I just emailed my signed and notarized "Identity Theft Victim's Affidavit" to Walmart's security team. With this, I should be able to obtain any and all information they have on how these transactions were conducted. I'm hoping this will include the IP address of the device used to make the two fraudulent charges. If I can pin point at least a state (if it's even domestic), it could easily quash or support my theory that the scammer made a fatal mistake by using his/her own address for the return label. + +\*UPDATE 11/10 - Continued\* - Just spoke with "Scotty" over the phone and I received a critical piece of information I initially misinterpreted. This morning, "Scotty" texted me a picture of the package with the shipping label and the tracking number. He said he sent it out on 11/8 to the return address that eBay provided him and just wanted to let me know. + +As I started to text back my response thanking him, I realized what he just said and couldn't believe what I was reading. Wait, "...return address that eBay provided"?! + +I immediately called him and he answered. + +Me: Scotty, you just said eBay provided you his address for the return, I thought you said the seller sent that to you? + +Scotty: No, I opened a dispute with eBay and eBay is the one that provided me the address, not the seller. + +I looked back at the screenshot he initially sent me while on the phone and yes, it actually reads like eBay is providing the information, not the seller. This could very well be the scammer's real home address because he doesn't even know that eBay provided it to the seller. It's not that he wouldn't be stupid enough to provide his real address to the buyer anymore, it's that he didn't think eBay would ever provide it without him knowing. My mind is absolutely blown... + +To top it all of off, tracking puts the package at his doorstep today. Mods, I triple checked, there's no personal identifiable data in tracking numbers, this can be considered public knowledge. This should not be considered "Doxing". If I'm wrong, please let me know. + +[https://tools.usps.com/go/TrackConfirmAction?tRef=fullpage&tLc=2&text28777=&tLabels=9301920585500068971022%2C&tABt=false](https://tools.usps.com/go/TrackConfirmAction?tRef=fullpage&tLc=2&text28777=&tLabels=9301920585500068971022%2C&tABt=false) + +\*UPDATE 11/12\* - Yesterday I received a call from an unknown number so I let it go to voicemail. The caller left a message stating they were with AMEX and they were requesting to speak with me about the active fraud case. I called the number and spoke with someone who I'll refer to as "Tom". Tom identified who he was and his purpose right off the top. To my surprise, he actually even mentioned this post from Reddit, and this is how he even came to know about this situation. Evidentially, the original agent whom I spoke to about the initial fraudulent transactions didn't record the fact that I believed an American Express employee may be behind this. He said they're trying to find out why this wasn't initially recorded but in the meantime, he wanted everything I had. It's kinda crazy to think without this post, this may have never crossed his desk. I can't make this stuff up if I tried. + +I told him I'd be more than happy to cooperate as long as I could verify his credentials before I sent anything over. He was inclined to do so and sent me an email from his corporate account. I also verified him through an open source search. I sent no PII of myself besides my primary email address because as an AMEX customer, he should know everything else about me. He had my cellphone number so he definitely has access to my information anyways. I sent him everything I had with nothing redacted so we're now working together. + +\*UPDATE 11/16\* - Late afternoon on 11/12, I spoke with Tom over the phone. Unfortunately, he could not verify the suspect's wife works for AMEX. This was disappointing to hear because the idea that she may have been providing her husband with AMEX customer's account details now just isn't possible. + +I received IP information from Walmart Global Investigations after I sent my signed and notarized victim's affidavit. It appears two different IP addresses were used on two mobile devices for each order (Kenny & Scotty). The IP addresses are also from two separate ISPs and are geographically an hour and a half drive from one another in the same state. That state is not Florida. + +Again, this was kind of a let down. I was sure if I could pinpoint the locality to at least the city in Florida, I would be one step closer to verifying the alleged suspect. Yes, I'm aware these IP's could still be utilized from a Florida address but it's just not the smoking gun I was hoping for. I sent the IP information to the two ISP's fraud units this morning, no word back yet. + +I'm running out of steam, friends. Without any support from law enforcement, this may be the end of the road. + +Still no word from the FBI - Tampa Field Office or Pinellas County Sheriffs' Department. + +\*FINAL UPDATE 11/30\* - It's all over, I'm admitting defeat. They won and the most infuriating part about it is, I now know they always will. I've learned an incredible amount of information from this entire ordeal. Most importantly, I learned that the scam has a name and that there's no real authority in place willing to put an end to it. Capable? Absolutely! but because the physical dollar amount isn't high enough to sound any alarms and credit card companies are quick to reimburse their scammed customers, it's a weird world that both the good guy and bad guy live in harmony. Steal my card today and I won't care to track you down tomorrow, brilliant. Below are my final remarks on all the entities involved. + +**American Express:** My credit card company almost immediately reimbursed me for the two fraudulent charges. They didn't open a fraud case to investigate even though I told them it's absolutely fraud. At the end of the day, their customer remains their customer and it seems that's all they really cared about. + +**Walmart:** The site doesn't require MFA. Yes, I could've set this up myself but it's worth noting that Walmart seems to be pretty lax with their customer's security/data. Even though I contacted customer service within minutes of the fraudulent transactions and even cancelled the orders online, they still knowingly shipped fraudulently purchased items to the addresses that the scammer identified as their "recipients". After filing an affidavit, I was able to get the two mobile IP addresses that made the transactions from Walmart's digital security team. However, there's not much I can legally do with this information. At the end of the day, Walmart cannot slow down, even if it means enabling credit card fraud. It's either $198 in stolen merchandise they'll have to foot the bill for or Amazon puts them out entirely out of business. Honestly, I don't blame them, it's an easy decision to make. + +**Verizon / Cox Communication:** These were the two ISPs that the two IP addresses came from. I informed both security teams that criminal activity was being conducted on their network from these mobile devices. In response, I was told there was nothing they could do and to contact the FBI's Internet Crime Complaint Center (IC3) for further assistance. + +**FBI's Internet Crime Complaint Center (IC3):** Everything posted here plus unredacted information was sent. I've heard nothing back. + +**FBI Tampa Field Office:** Everything posted here plus unredacted information was sent. I've heard nothing back. + +**Pinellas County Sheriffs' Department:** Everything posted here plus unredacted information was sent. I've heard nothing back. + +**eBay:** Everything posted here plus unredacted information was sent. I've heard nothing back. + +Thank you all for your input and support. I'll admit, it was exhilarating for a little while there. I really thought we had a chance to be heroes on this one...Cheers +With a current 2.81 million average volume, today we traded 5.48 million. + +Also, according to Fidelity todays buy/sell ratio was insane. 10,348 Buys to 1,524 Sells. Tremendous. + +AND WE FINISHED GREEN TODAY. + +Looking at some of the volume of other stocks popular with apes, it’s clear that the apes actually showed the fuck up today. + +I know that I didn’t buy this dip alone, and I honestly think that today could have been a totally different story if YOU didn’t show up. + +I love this stock. +I (31M) met my cousins over thanksgiving and also some old highschool friends the week before. In both meetings, I was made to sit and listen to unsolicited advice on what I should do to improve my situation. + +Everyone knows I’m struggling to get by right now because I work 3 jobs including a nightshift watchman to pay my bills. I grew up in POVERTY poverty. The kind where your “house” is just one tiny room shared by the entire family. I didn’t have the same opportunities as a lot of people. People think that I got bad grades because I was lazy. No. I came home from school and had to take care of 2 younger siblings while my father would be out drinking with his construction crew and my mother just didn’t care about anything. I WISH I could do homework. I WISH I would have had the opportunity to study for the SAT. I WISH I could have gone to college. I wish for a lot of things. + +I’ve applied to a lot of jobs and have received a lot of rejections because of my lack of degree. Then I have to sit here and listen to my old friends saying things like “just show up at the door and don’t leave until they give you a job” advice. Dumbass me actually did do that. I showed up with copies of my resume, was made to sit in the lobby by the receptionist and eventually told to apply online. Their advice was that I “should have stayed and demanded to speak to a manager and been more resilient”. + +My cousin advised me to learn front end development. I have no laptop, so how am I supposed to lean that? His advice? “Just save and buy a laptop.” These people just don’t get it do they? I don’t have the luxury to save more than $20-$30 per paycheck and even that gets wiped so quick with emergency situations. More unsolicited advice continuation: “learn it on your phone”. Ok. + +I don’t need this unsolicited advice. Just let me be. I can’t work 3 jobs and then come home to study coding. I’m already drowning and you’re making me sink further. + +Idk what the point of this post was. Sorry. Just needed to rant. +I'm a long term Bitcoin holder and have been buying some Ether over the past few months. + +So I read that Ether isn't really meant to be money like Bitcoin is, this is mentioned in various Ethereum communities but I cannot see any official word on the matter. + +If that is the case, then what is meant to be the gold standard for Crypto currency? Bitcoin? + +This doesn't make a lot of sense to me, I can see that Ethereum and the foundation are innovating a lot, potentially making Ethereum into perhaps the fabric of the internet. (word computer...) and if they truly believe in that, wouldn't it make sense that Ether actually be money? I mean I get that Ether is gas for contracts/programs, but in a way they are also developing what seems to be a very advanced form of ownership and money. + +Sorry for the rambling, I suppose what I am asking is Ether a worthwhile investment if it's not supposed to have value, or is it a case where Ether is meant to have value but isn't meant to be used to buy stuff (as money). + +I can't help but read things like this: http://vitalik.ca/files/mauve_paper3.html and think to myself that the Ethereum project could potentially replace Bitcoin as the gold standard for Crypto money. + +Just looking for your opinions. +We’ve seen some very volatile times since inception of asx bets. I didn’t find this joint till around august 2020 via old accounts 😉 but over that time there has been some wild rides. + +Zip charging from $3 to $14 +Now back to $1. + +Every 6 months a big tech wreck followed by a rally. + +Iron ore dropping to $100 per tonne then recovering to $150. + +No complete market wipeouts in the past 2 years. Minor corrections in septetmber 2020, February 2021, September 2021 and +January 2022. + +All followed by recoveries. +The current market could drop and continue for years or drop and recover. + +Always be prepared for both. A lot of news articles will post about market corrections and mass fear then a week later the market rallies. So best to not look to much into it. + + + +As always DYOR GALAH HODOR + +and add some comments please happy to others thoughts. Have a good weekend and say hi to your mum for me ❤️ +*The Bank of Canada’s latest interest rates increase promises to boost banks’ profit margins, but could cool demand for new loans* + +James Bradshaw + +June 1, 2022 + +Canada’s big banks expect to earn billions of dollars in added income from interest charges over the next year as central banks drive up interest rates, but the rapid pace of rate hikes could dampen the boost to profits if higher borrowing costs reduce demand for new loans. + +The Bank of Canada announced its second consecutive oversized increase to its policy rate on Wednesday, hiking its benchmark rate by 0.5 percentage points to 1.5 per cent, as central bankers act aggressively to tame high inflation. That is good news for chartered banks: It promises to boost the profit margins they earn from lending money at higher rates than they pay for deposits. + +For the past two years, banks’ net interest margins have been squeezed as central banks cut policy rates to rock-bottom levels in an effort to stimulate economies and help them rebound from COVID-19. But after the Bank of Canada hiked rates by 50 basis points for the second time since April, Canadian banks are expecting a surge in net interest income (NII) – as much as $3.5-billion combined over the coming 12 months, according to one set of estimates. + +Toronto-Dominion Bank and Royal Bank of Canada have the most to gain: In theory, each could reap well in excess of $1-billion in added interest income over the next year. + +With the Bank of Canada predicting there are more rate hikes to come, and saying on Wednesday it is “prepared to act more forcefully” if needed to cool inflation, banks’ NII could keep rising for at least the next two years. Net interest income is key to bank performance, as it typically makes up about half of a major bank’s revenue, according to data from RBC. + +On Wednesday, all five of Canada’s largest banks raised their prime lending rates by 50 basis points, from 3.2 per cent to 3.7 per cent. + +Banks tend to earn higher interest income when interest rates rise. That is partly because they are able to charge wider spreads between deposits and loans, but also because they earn a better rate of return on financial assets they purchase with the deposits and other funds they hold. + +The effect of fast-rising interest rates isn’t all upside for banks, however. As the cost to borrow increases, it can cool demand from clients for new loans, making it harder for banks to grow their loan books. And as more clients become financially stretched by the cost of servicing debt, loan defaults can rise and drive up losses. + +The impact could be most obvious for banks’ mortgage balances, which have been rising at a furious pace over the last year, but are expected to grow more slowly in the coming quarters. Banks are also on the cusp of an early rebound in credit card balances, which generate higher profit margins for lenders, as customers travel and dine out more with pandemic restrictions easing. + +Each of Canada’s Big Five banks estimates the change to its NII from a sudden increase in interest rates of 100 basis points, or one percentage point, that is consistent across the yield curve of rates for all time durations. That scenario is artificial, assuming that rates across the curve move in lockstep and banks’ balance sheets stay the same, with executives taking no action to adjust to changing rates. + +At TD, a 100-basis-point spike in rates across the curve would generate nearly $1.6-billion in extra NII over 12 months. Over the past year, TD earned nearly $25-billion in net interest income, and $44.2-billion in total revenue. + +“If the forward rates play out as expected, then we would see our margin expand, and it depends on how fast the rates are rising,” said Kelvin Tran, TD’s chief financial officer, in an interview last week. “When short rates increase we see that benefit fairly quickly.” + +In the same scenario, RBC estimates its net interest income would rise by $1.1-billion, over and above the $20.7-billion in NII the bank earned in the past four quarters. Chief executive officer Dave McKay said late last year that rock-bottom rates reduced the bank’s revenue by about $1-billion in each of the past two years. + +Bank of Montreal estimates that a 100-basis-point rate shock would increase its NII by $635-million in the next 12 months, and CIBC predicts a $428-million increase over the same span. + +Only Bank of Nova Scotia predicts a decline in NII in the first year, of $126-million. Scotiabank has a large international banking operation in Latin America, where interest rates started rising sooner than elsewhere, allowing it to capture benefits to income earlier than some peers. + +In the second year after a 100-basis-point rate hike, Scotiabank would expect net interest income to increase by $191-million. + +Source: [https://www.theglobeandmail.com/business/article-canadas-big-banks-see-income-grow-as-interest-rates-rise/](https://www.theglobeandmail.com/business/article-canadas-big-banks-see-income-grow-as-interest-rates-rise/) +Long story short, I have 6btc saved up that I bought much lower than today’s price. An opportunity has just come up to buy a brilliant property. Forever home type thing, tons of potential. Despite maximum mortgage and money for elsewhere, I’m still running around £100k short. + +Simple answer, sell 2.5 btc, buy the property and live my life. But… I can’t seem to pull the trigger. Even though this type of place comes up only once every year or two, I just can’t bring myself to sell it. Even sitting on a 1200% profit, it just ‘feels’ like it’s a bad idea. + +Am I wrong? Right? What would you lot do? + +Edit: + +Thanks so much for all the feedback. I’ve read through all the posts but rather than repeat on each one… + +Overwhelming majority say to get the house. I think this is the right thing to do. Whilst the numbers on the screen are nice, they actually cause me a lot of stress too. I think I’ll be far happier with fewer coins, but a nice property for my family to live in. You’ve helped reassure me that this is the right choice. + +Regarding the CGT comments. Yes, tax needs to be paid, but not until January 2023. The tax bill will be around £15k max (as we have 2x tax free allowances to use), and my savings rate over the next year will more than cover this. + +Regarding solicitor and bank questioning source of funds. I’ve already spoken directly to three high street lenders who all assured me it is fine to use btc profits for a deposit. As long as the bitcoin is sold, and gbp in a bank account, it’s fine. Solicitor is happy as long as I can show evidence of transaction history. Times have definitely moved on since the silk road days. + +Regarding crypto backed loans. Too much risk. Both from a counterparty perspective, but also because bitcoin is so volatile there is a very real risk of losing the entire collateralised position. There were many borrowers who had their entire position sold during the March 2020 crash. NOBODY saw that coming. +I get super depressed reading other financial subreddits because those people usually always have money. I have a lot of debt, mostly student loans, and am currently unemployed. Reading about side gigs and how to get stuff for cheap at the store makes me feel more in control of my situation than reading posts asking how best to save on a 75k income...so, thank you. +I believe that the narco cartels have become a sub-culture that would retain power even if all drugs were legalised in Mexico. I can imagine that they would intimidate 'legitimate' competitors from entering the business and thus would retail their market power. What is the most effective policy the government could undertake to destroy the cartels? +I’ve been working with one for a few years but it doesn’t seem like they’re doing anything more than running an analysis on my 401k and recommending options each year. The past year I’ve been investing in a non-qual account which they’re also getting a commission from. To me it doesn’t seem worth it. +Hey guys + +I'm using DEGIRO Active (not custody) account for trading and have significant amount accumulated already. + +Saw that DEGIRO 'protects individual clients up to €20,000' which is significantly lower than what I have (in stocks). + +My question is - what that €20,000 refers to? Total value of my account or just cash? + +I.e. I have €100k+ in stocks and €10k+ in cash on DEGIRO, and DEGIRO goes bust. +Are my stocks safe and I get €10k protection for cash? Or I lose all my stocks and only get €10k total? + +Thinking of moving to InteractiveBrokers EU because of that, but not sure if I need to. I really like DeGiro. Also, not sure how much of a safety issue is that I don't have Custody account (I like to have possibility of margin trading) + +Thanks! +Ive been day trading part time as a retail investor. + +Doing the general day trader, must do things. + +Managing risk by setting stops at pivot points/ key level over various time frames. + +Trading in line with with industry/futures sentiment. + +Long/short entry at key level, typically on re-test with confirmation on the tape and chart. + +Narrowing down watch list to x criteria and only trading those tickers Ive made plans on. + +Cutting losses and letting winners ride. + +Etc etc + +&#x200B; + +However, to actually make amounts needed to live off in North America, would need a significant amount of capital. + +I used a simple interest calculator to work out an approximate profit amount using [https://everydaycalculation.com/simple-interest.php](https://everydaycalculation.com/simple-interest.php) + +&#x200B; + +So, if you had $25k, and traded every day with this amount, with an average daily profit rate of 0.5%, your monthly profit would be $3802.08. + +Then youd have to take out costs for tools used, broker commissions, short locates fees, scanners. Whatever is left is used to grow your account, invest elsewhere and to live off. + +And for typical risk management and size positioning, 25k would be around 1/3 of the account youd be trading with since typically, textbook rule is you wouldnt be trading 100% all in (unless youre scaling in multiple times), but I say this loosely since some traders, do, and will trade on margin (so then this 25k would be 50k using 100% leverage). + +Yes, weve some huge PnL porn across Reddit, but is it sustainable in this case and forum, in day trading considering we are looking to make a consistent living off it. + +&#x200B; + +This leads me to now think, most (most NOT all) of these traders we see across YT and IG, who regularly post big PnL's, are likely to be from prop firms. I mean, weve seen them in offices with 5+ workstations (consisting of multiple screens). How many retail traders have built themselves up so big to get to this level if they arent profiting elsewhere aside from retail sized day trading. + +&#x200B; + +Dont get me wrong, there are of course the few who live off day trading alone successfully, no doubt about that. + +All Im saying is the day traders we typically see over social media, are living off day trading AND social media income. + +In summary of this, would you agree that to have a higher chance, and, to live off day trading, would be to trade for and within a firm (typically prop traders are contractors and take a cut of the profit)? + +Dont forget too that within a firm, you have access to other multiple sources than trading alone at home, such as peers, mentors, institutional tools (bloomberg terminal as an example). + +Edit: Do you want to be a daytrader? (retail view). [https://www.youtube.com/watch?v=kcKkV0idGAs](https://www.youtube.com/watch?v=kcKkV0idGAs) +Hi everyone, + +Due to my current financial situation i feel like i need another job to survive and save something for my future. + +I have a 40hours day job (in a travel agency) and on nights i would work in a warehouse, again for 40 hours a week. + +Both jobs time schedules are different and are also 2 completely different sectors, so in that matter i am not doing anything illegal. + +My questions are: + +1) It’s allowed to work 80hrs a week? + +2) Do i need to tell any of the 2 employees that i have another full time job due to taxes etc.? I am allowed from both sides to another job but would prefer to not tell any of the 2 employers regarding my other job as this will cause unnecessary concerns. + + +3. (Yes, i am desperate) Is there any training or course, online preferably i can take and able to find i a job one day which can pay me a yearly salary of around 40-50k? +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! + +Hey guys, it's the first time I try my luck at this, here we go! + +**Bee Vectoring Technologies (ticker: BEE)** + +BVT is a bit of an alien company. Bees pollinate 70% of all crops. Knowing this, farmers around the world currently place commercial beehives on strategic places on their farms to make sure their fruits and vegetables get pollinated. + +It’s usually two beehives per farmed acre. And there is a hell of a lot of acres to cover. For example, the biggest user of commercial beehives in the USA is the California almond industry with a size of 1.2 million acres. They currently use about two million beehives. Many other farmed crops like blueberries, strawberries, sunflowers and avocados also use them. + +What’s another thing farmers do? + +They use various products that help improve yield and protect the crops from pests and diseases. Those are often chemical pesticides and fertilizers. + +This is where BVT comes in. Instead of spraying stuff on crops with your tractor, they connect some sort of small dispensers to the entrance of the beehives. The dispensers have a patented biological powder inside that improves crops yield and protects them from pests and diseases. + +When the bees go in and out, they go through the dispenser. Their little bee legs get to have some powder and when they move on to the crops to butinate, the powder gets there. The crops now have better yield and are protected from pests and diseases. + +Good idea? I agree, it’s pretty clever. The farmer doesn’t need to spend time spraying stuff with his tractor, he just does a little bit of weekly maintenance to the dispensers for a fraction of the time. He also doesn’t need to use water, which is more and more important and pesticides use a ton of water. Finally, as he stopped using chemicals, he might now be able to get a bio certification for his crops, increasing their value. + +**Benefit: more food produced per acre** + +BVT’s customers usually start very small and the crops on the acres where the solution is used are compared with the ones where it isn’t used. Then they increase the number of acres over the seasons. + +Here’s the progression of one of their customers in Georgia. They started very small on 3% of their farm in year one, increased to 30% in year two and were able to confirm they saw 28% higher yields when using the solution. They then went all-in in year three: + +[case study, more organic blueberries in our bellies](https://preview.redd.it/07r56dzmm2q71.jpg?width=1280&format=pjpg&auto=webp&s=81e963535632b6f03ddfcbe6027858eba26015ec) + +What difference does 28% higher yields make for a farmer? + +A big difference. As a result of higher yields and being able to become a completely organic operation, this blueberries company estimates they are getting a 18x to 22x return on the amount they spend on BVT. + +One could also say higher crop yields are going to become something extremely important for humanity in a nearby future. According to [THE UNITED NATIONS WORLD WATER DEVELOPMENT REPORT 2021](https://unesdoc.unesco.org/ark:/48223/pf0000375724) (page 13): the world will need about 60% more food by 2050**.** + +How do we get there? + +I don’t have the answer but I’m guessing the solution will be a mix of things like adding more farmable acres, urban agriculture in cities, aquaponic farming, eating lab-grown meat, eating insects… and improving the crops yield per farmed acre. + +**Benefit: 100% less water used** + +Let’s have a look at [THE UNITED NATIONS WORLD WATER DEVELOPMENT REPORT 2021](https://unesdoc.unesco.org/ark:/48223/pf0000375724) once again, on page 12 : + +*“The world would face a 40% global water deficit by 2030”* + +Alright, not good. Back to page 13: + +*“Changes in agricultural water demand are among the most difficult to predict. The Food and Agriculture Organization of the United Nations (FAO) estimates, based on a business-as-usual scenario, that the world will need about 60% more food by 2050, and that irrigated food production will increase by more than 50% over the same period (FAO, 2017a). The necessary amounts of water for these developments are not available. FAO recognizes that the amounts of water withdrawn by agriculture can only increase by 10%.”* + +So irrigated food production is to increase by more than 50% by 2050 but there is not enough water to do so. The biggest culprit seems to be irrigation techniques around the world that aren’t optimal and that use too much water. Those should improve over time with this like drip irrigation. + +Here’s another good culprit though… + +[let's spray pesticides](https://preview.redd.it/b3yf613tm2q71.jpg?width=800&format=pjpg&auto=webp&s=8c1c98275cf0796da2a8f004a64595ecebee9503) + +[According to Wikipedia:](https://en.wikipedia.org/wiki/Pesticide_application) + +*“Pesticides are conventionally applied using hydraulic atomisers, either on hand-held sprayers or tractor booms, where formulations are mixed into high volumes of water.”* + +What do they mean by high volumes of water? I don’t have a definitive answer here either but I did a few Google searches, here’s a post from an Iowa farmer. + +*“It depends on what you are doing but most farmers use somewhere between 10 and 20 gallons of water per acre (roughly 40 to 80 liters) to carry those small amounts of herbicide per acre.”* + +So if it’s like 50 liters of water to spray an acre and the California almond industry alone is 1.2 million acres, that’s 60 million liters of water just for them. Is that yearly? I don’t know, we don’t really need to know a specific number, all we need to know is the world is using a hell of a lot of water to spray pesticides on crops to protect them from pests and diseases. + +We also know the world is headed to a major water deficit. + +Solutions like BVT that eliminate the need to spray pesticides and thus reduce water use by 100% will become very important in that context. + +**Where the company stands right now** + +BVT has existed for about nine years (and seven years before that as a R&D project with scientists). They started doing commercial pilot programs in 2018 and 2019. Their first full year of commercialization was in 2020 and the first market they decided to tip their toes into was the blueberries market in Georgia. + +The company makes money for each acre it covers. I’m not sure about the amount exactly. There was a $200 per acre mention in a recent video regarding the almonds market in California, but the amount might vary from crop to crop as revenue is 405k so far this year and I don’t think they cover 2000 acres yet. + +Here is what the progress looks like so far in Georgia: + +&#x200B; + +[georgia blueberries market progress over the years](https://preview.redd.it/7popyjmzm2q71.jpg?width=1292&format=pjpg&auto=webp&s=4b848857bada21a0c9d05b61adc2197f6f1191fb) + +It’s a small sample but they have a 100% customer retention rate. + +Georgia has 17 000 acres of blueberries so we could say that as of now, their market penetration is 5% (900 / 17 000). In reality though, the customers all start very small like the Major League Blueberries case study that we saw above that went from 5 to 45 to 150 acres over three years. That jump from 450 to 900 in a year mostly isn’t due to the 13 new customers, it’s mostly due to the old customers increasing the acreage. + +If we were instead to take the 4100 total available acres of their customers, which I’m guessing the goal is to cover completely, the market penetration becomes 24% (4100 / 17 000). That would be pretty good. + +One thing I like in the graphic is it seems they signed bigger farms as new customers in 2021 than in 2020. Start out with the small ones to reach the big ones? I don’t know but in 2020 the average customer had 127 acres of blueberries and in 2021 the average is 170 acres of blueberries, so bigger farms joined the party. + +I’d expect more farms to be added at the end of 2021 and in 2022. I’d also expect a good jump that will reduce the gap from the 900 treated acres to the 4100 available acres of their current customers once they increase the amount over time, which many seemed to plan to do in the recently released customer interviews during the BVT investors day. + +The numbers in Georgia and their growth are important because they will tell us what the possible market penetration percentage is for the solution. + +As of now, with a 5% market penetration (billed acres) and a 24% market penetration (total acres of the customers), I think I’d go with something like 30% as a conservative number. That’s pretty much taking for granted they’ll sign some more customers there, but not that many, and that their current customers will add more acres but not their whole farms, although there’s already examples of customers applying the solution to their whole farm. + +Like I said, conservative number, I think the total acres of their customers will actually be higher than that in 2022. Maybe the real long term market penetration is going to end up above 50% if the solution is superior to the alternatives, what do I know? + +Let’s just go with the conservative 30% and move on to the addressable market. + +**Addressable market** + +We talked about the Georgia blueberries market being 17 000 acres and their first one. For berries the total farmed acres in the USA is ten times that at 170 000 acres. + +Here are the different berries markets they are having progress in so far. I believe it takes them like 3 years to move from 1. Awareness to 4. Expansion, where they start making real money. California is the biggest opportunity here but approvals are more complicated and it’s going to take a while. I’m guessing they all move one step to the right in 2022. + +If we go with our 30% market penetration conservative number for the longer term and the $200 an acre number they released in a video about almonds recently, we get to a 10 millions revenue opportunity per year just with berries, just for the USA. That’s already pretty good! + +[berries taste good](https://preview.redd.it/83lwo2u2n2q71.png?width=1280&format=png&auto=webp&s=64a91d969ea0628c3adab32e522fe4e251f7b7a4) + +But there isn’t only berries that get pollinated by commercial bees in the USA. + +This next image shows the different markets that can benefit from BVT : + +[tree nuts also taste good, oil seeds taste less good](https://preview.redd.it/tmlcz315n2q71.jpg?width=1249&format=pjpg&auto=webp&s=8b2cdd849225ff8941642d6e57b61f1b2e40ddf2) + +The biggest opportunity here is almonds in California at 1.2 million acres and being a high-value corp. Here again it’s going to take a while before getting good revenues, probably a few years but several trials have started for that market in 2021, so I’d think the first (small) revenues will happen in 2022 and from there, it’s just going to be like the berries with acres expansion every year. + +[we want bees with powder on their bee-legs all over your almonds](https://preview.redd.it/6zt3tuedn2q71.jpg?width=1256&format=pjpg&auto=webp&s=7a1ac3e60d148fc14e18dff9e2ef7a063892d14f) + +1.2 million acres \* 30% \* $200 = 72 millions a year opportunity. Now we’re talking about a lot of money! + +I have no idea about the numbers for the other three markets in the image. Oil seeds seem pretty big at 1.3 million acres but there is a “low value” mention, does it mean they have to charge less per acre? Or maybe that farmers in that market will have less incentive to move to BVT as the return on their investment will be much lower than for berries and almonds? I do not know. + +Moving on. + +So the USA is a huge opportunity, I believe BVT will become very profitable there alone but it’s not the only country that grows crops that require pollination. Basically all countries do. + +The company has been in the process of doing the paperwork and getting international approvals for a while now. Three countries are currently in the process of being opened: + +Switzerland + +Mexico + +Morocco + +Of those, Switzerland is of particular importance as it is their way into Europe. Here’s some numbers, a hectare is approximately 2.5 acres so there’s about 1.25 million acres of farmed berries in Europe just as an example : + +[bees everywhere](https://preview.redd.it/52vu7ubkn2q71.jpg?width=1422&format=pjpg&auto=webp&s=9cd7e602c94ea8f1092e13e1f0fa88afe901d995) + +**Fundamentals** + +https://preview.redd.it/570qqjxmn2q71.jpg?width=1249&format=pjpg&auto=webp&s=6950bb79d9c95f2c5d7da73d5724c25760405603 + +**Risks and challenges ahead** + +I think the company has proven their commercialization strategy is good but it will be many years before profitability is achieved, opening new markets costs a lot of money. Maybe like 5 years before profitability? They have 405k revenue this year so far but are burning about 3 millions a year. I believe dilution will need to happen a few times. The company might be sold at a premium before profitability is achieved, that is possible. + +They have 3.3 millions in the bank right now though, good for about 12 months before needing to raise more money. +Currently chubby, and planning to fatFIRE in several years. This sub seems to treat the 4% investment withdrawal rule as sacrosanct, I wonder if I can withdraw more because: +1) I likely won’t be able to keep up the fat lifestyle forever and likely could withdraw less later in life +2) the 4% rule was designed so there is a near zero risk of running out of money. That’s necessary if you’re skinny and need this money to get by, but us fatties should be able to tolerate more risk. + +Thoughts? Any good calculators to help plan? + +Note: no heirs so hoping to die old and almost broke. +Nykaa and Policybazaar are not effectively getting listed but it is their parent companies that are getting listed. Why are the operating companies that also show the brand are not getting listed? + +The prospectus might say the funds raised would be injected into these subsidiaries for xyz reasons but I don’t understand why not get these subsidiaries on the stock exchange. + +Am I missing something here? +Given the information sensitivity they'd be managing (medical info, bills, etc), how did you find someone you trust? I do not want my current network to know that I have one or am looking for one, but I also do not want to pick someone random online. Any recommendations? +The 29-yr old co-founder of MakerDAO, Nikolai Muchgian has been found dead in San Juan, Puerto Rico after tweeting the following from his personal twitter account: + +>CIA and Mossad and pedo elite are running some kind of sex trafficking entrapment blackmail ring out of Puerto Rico and caribbean islands. They are going to frame me with a laptop planted by my ex gf who was a spy. They will torture me to death. + +Link to the original tweet: [https://twitter.com/delete\_shitcoin/status/1585918718088970241](https://twitter.com/delete_shitcoin/status/1585918718088970241) + +Announcement of his death: + +[https://twitter.com/omnicraig/status/1586432239105060864](https://twitter.com/omnicraig/status/1586432239105060864) +Hello all! + +I have created a new subreddit called r/middleclassfinance. Its meant to help people who identify as being middle class find a place to discuss financial issues that don't currently feel like they have a place to discuss them. + +a few days ago I was preparing to make a post on here and honestly thought about it and with the stated purpose behind poverty finance it just didn't make sense. It was (in my opinion) good information that might help people save money but with the purpose of the sub didn't feel like the right place. + +Similarly Personal finance might have based on name been the right place, but in reality and based on having been subbed there for over two years really didn't feel right either. So I took a look around and didn't feel like there was a place to discuss being in the middle class and dealing with issues like I was thinking about posting about or asking questions. + +r/MiddleClassFinance is meant to be a place where people can come and have a discussion about middle class financial issues, questions, tips or advice. + +All are welcome, so come on down and join us if you'd like! + +Thanks, + +UsidoreTheLightBlue +More information and source here: + +https://www.npr.org/sections/thetwo-way/2018/01/24/580324251/bank-of-america-ends-free-checking-option-a-bastion-for-low-income-customers + +There are plenty of good, free options out there, see the wiki here: https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions + +Look for no minimums, free checks, ATM refunds, no transfer fees, a good website and interface, and FDIC protection of course +Well, it didn't happen exactly how I envisioned it, but my wife and I are semi-retiring. I've worked for a startup for the past several years but they are cutting costs and shifting directions and I just don't have it in me to see that through over potentially several more years. Plus most of my stock options are vested and exercised so I've already captured most of the upside. My wife isn't thrilled with her job either and our lease is ending so we decided the time was right to leave. We are very lucky to be able to live for a while in her parents' vacation home that they don't use any more and sits empty 95% of the year, so we won't have to pay rent. + +Our current combined net worth is about $1.65 million. However, about $100k of that is illiquid startup stock. It also includes a rental property in a HCOL area with a value of close to $900k but a mortgage of close to $400k. The rest is cash and investments. Ignoring the startup stock and subtracting $125k for closing costs and taxes on selling the rental property (which we plan to do in the next few years), that gives FIRE assets of about $1.4 million. We were hoping to get closer to $1.6 million because at a 3.5% withdrawal rate we should be able to spend $40k per year indefinitely and still have ~$400k to buy a house in a MCOL area. + +I was initially planning to do part-time contract work for my startup, but they offered a low rate (below my current effective rate) and refused to negotiate, so out of principle I decided to pass. But I'm confident I can fairly easily pick up a decent amount of consulting work through various contacts in my field. This should help bridge the gap until I'm sure we can fully retire. + +Ignoring housing, we currently spend about $15k/year, so I have no doubt we'll be able to support that and continue saving. Health insurance is a big question mark, but we are both relatively healthy and I'm less pessimistic than many on this sub. Our unsubsidized premiums will be about $7-9k/year for a bronze plan. Of course, if our income ends up low enough, we should get subsidies. + +I'm very excited for this next phase in our lives. As long as I've been working, I've felt like I'm very efficient, and when I get my work done for the day I want to go home and relax instead of having to come up with stuff to do, or worse, try to look busy. On the other hand, I can't say I'm not at least a little anxious about not having somewhere to go every weekday, and the structure that instills. I don't necessarily have huge plans for all the newfound free time, but I'm hoping to get more exercise (including taking up biking), read, and finally watch some movies that I've been meaning to for a while. I'm also very excited about being able to hike or go to the grocery store in the middle of a weekday! +First of all, hi, how are you guys, I never thought I'd have to make a post here, but I'm kinda freaking out. If this isn't the right sub for this, I'm really sorry. + +So, about me: like I said, I'm 18. I live with my parents (and 2 little sisters, one older sister, her fiance, and their two kids). We live in a 3 bedroom house in the middle of absolute nowhere. My family is broke. For the last four years, I've worked for my dad, but since we only make enough to *barely* scrape by, I don't get paid. I've been fine with not getting paid; I know that taking care of the family is more important. However, this has rendered me unable to get another job, and I never went to high school. I'm hoping get my GED soon (taking classes at a nearby community college), and after that, I want to go to college. + +There are two universities nearby, both about an hour away. One of these is one that I would die to get to go to, the other is.... well, if I have to, I'll go there. I don't think either of them are like, *prestigious* universities or anything, but the one I want to go to is really right for me, I think. It's in a lovely town, and I've been to the campus and I really, really like it. (my dad went there on a music scholarship when he was younger, and he loved it.) + +So, money stuff: I have no money. Not a dollar. Since I haven't been able to get a (paying) job, I haven't been able to save up money, or put money toward anything substantial (like a car). My family doesn't have any money. I'm completely on my own on this one. So, I know I'm going to throw myself into mega student loan debt to make this happen, if it's even possible. I know absolutely nothing about student loans. + +Also, I live in Utah, but I don't know if that matters. + +According to the website for the university I *want* to go to, the costs will be: $2,887 per semester (based on taking 10-18 credit hours per semester), $378 in "student fees", and the cheapest on-campus housing would be $1,275 per semester. + +The other university, according to their website: $2,419.76 (for 12-20 credit hours, including fees), $1,225 for the cheapest on-campus housing. There are cheaper options on campus ($795/semester) but they require meal plans, so that would ultimately cost more. + +*Ideally*, I'd go to my university of choice, and live on campus for maybe a semester or two, and find a job in town so that I can start saving and get an apartment off-campus. I love the town it's in, and it's very affordable, so I'd love to live/work there. + +The other university is still an option, but it's really not ideal. It's closer to my family, and there's a lot more stuff in that town, I just... don't like it. There's just something about it that really bothers me, and I know I'm just being an idiot, but I really don't want to go there. But, I'm a grown-up, so I'll go there if it's my only option; if anything, I'll just save up when I can and transfer to the other university later on. + +I can't really get a job right now, because like I said, I live in the middle of absolute nowhere. I applied to the *one* business within 30 miles and was immediately rejected, and I can't drive to a job because I don't have a license. Or a car. + +I'm very, very interested in pursuing a Criminal Justice degree. Honestly, it's my *dream* to be able to do that kind of work. But, I know that's not wise, because those jobs don't pay well and are hard to come by. Other than that... I don't know, I've always really enjoyed history? Maybe I could teach history? Though I doubt that pays well, either. I'm also really interested in legal stuff, but I don't think I'm smart enough for law school. + +Sorry, this is getting a little ramble-y. + +My question is: Is this even remotely possible? If I take out student loans, would I even be close to being able to afford to go to one of these schools? Or should someone come over, whack me upside the head with a rolled up newspaper, and give me a serious reality check? + +I'm just starting to freak out a little. Maybe it's because I can't stand living here anymore and I'm desperate to get out on my own, I just don't know where to even *start*. If you have any questions, please let me know; I assume I'll be around for another hour or two, since writing this whole thing got me really upset. + +Edit: Holy shit, my dudes... I went to bed last night when this had just under 50 replies, now it's at almost 400... needless to say, I did *not* expect this kind of response. I haven't had a chance yet to read more than a couple replies or messages, but I'll be going through them now!! After reading the replies I got last night, I went to bed *so* happy and hopeful and just excited about the future, which is a first for me. I have a lot to go through and consider, but I feel so much better from how I did when I made this post. Thank you guys so much for all the support and responses!!! + +**Edit** **2:** This is getting crazy. I am so, *so* grateful for all of the replies and advice. Let me clear some things up real quick: + +1.) Because I'm pretty sure at least 100 of these comments are telling me to enlist: I *am* considering joining the military! I started considering it *months* ago when I first started to believe that I couldn't go to college. I actually went in and spoke to an army recruiter back in June, and basically all he said was to come back when I get my GED. It quelled my excitement a bit (I'd done a ton of research beforehand, so I knew that I needed my GED, I just wanted to ask some questions..) but I'm still definitely considering it. I guess my only question is whether or not I'm capable. I'm relatively healthy (a bit overweight, but otherwise fine), I've stayed away from smoking/drugs/alcohol, and I understand how beneficial military experience is; not just for the sweet, sweet college benefits, but also in terms of discipline, and life/job experience. However, I'm not "tough". I'm a strict rule-follower, and I always follow orders, buuuuut I cry when I get yelled at, and I'm terrified of making mistakes. Military Police is what I told the recruiter I was interested in, but I'd like to explore my options more. I'm not entirely sure what branch I'd like to join. I just assumed Army, because I know other branches can be much harder to get into, especially because I'll only have a GED. I know the Air Force is the *dream* branch or w/e, but I really, really don't think it'd be possible for me. They're not exactly pressed for new recruits, and I assume they're very, very picky. + +2.) The schools in question are DSU and SUU! I want to go to SUU, but I'll go to DSU if I have to. I live about an hour away from both schools, which is why they're the only two I'm considering. However, I guess I should also consider schools further north in the state. Also, I'm not interested in BYU. I'm not LDS, and although I don't think I'd do anything against their "honor code", I don't really want to go to a very religious school. Also, they'd have to pry my caffeinated beverages from my cold, dead fingers. + +3.) Due to the fact that I haven't gone to school in Utah more than a couple months (we moved here 6-ish years ago, from Idaho), I have *literally* no friends in the area. This has put me in a really weird situation, where I have no idea how to interact with people my age. Basically, I'm socially awkward as *hell.* I'm now getting used to doing adult stuff, like making phone calls and going to the DMV, but I guess I'm that stereotypical weird home-schooled kid (minus the home-school). That's why I'm excited about college. Not only am I looking forward to getting started on a career (that yes, I do need to figure out as soon as possible), but the *experience* is also very important to me. I missed out on being a teenager; that doesn't mean I'm going to be stupid and reckless and blow all my money on partying and alcohol, I just want to have a good, fun, *meaningful* experience. + +4.) My home situation isn't dire. It's not abusive, and we're not going to be homeless soon. I mentioned that our landlord is kicking us out: he's selling our house. We don't know any more than that; we only found out yesterday. We already have a good option or two for where we'll go, and my sister and her fiance are the ones who pay the rent (they both have decent jobs), and they've got this covered. I just can't stand living at home any more. Like I said before, it's a very small house that I have to share with *eight* people (well, two of them are 2 years old or younger). It's just taking a toll on me, emotionally. That's why I'm choosing the option that gets me out of here as soon as possible, and why I'm extremely hesitant to go to the community college first. I know, it could save thousands of dollars, but I don't know if it's worth the mental breakdown that living at home is going to give me. (also, for those wondering how the hell it works: I share a room with my two little sisters. They have a bunk-bed, I have a mattress that slides under the bunk-bed when not in use.) + +My first step is getting my GED. I know. I'm currently working on getting into that GED prep class, so hopefully I'll be getting it fairly soon. I'm just trying to get ready for what comes after, because as soon as I'm able to, I want to get this started. + +Anyway, the response to this has been absolutely unbelievable. I had no idea I would get this many responses. I've really enjoyed reading all your replies and stories!! I'm starting to feel so much more confident in this. I'm blowing kisses in all of your general directions. + +**Edit** **3:** Okay, it seems like things have died down here, so I'm not sure how many people will see this. The response has been unbelievable. You guys are the *best*. I definitely have a lot more options than I realized. For now, I'm going to be working on getting my GED. I'll be going down to the community college in the next few days to get signed up for at least GED classes, and I'll see what options I have for afterward. I'm also planning on contacting local Navy and Air Force recruiters to explore my options in the military. Quite a few people have said to avoid the Army, because it won't be right for me. I understand, but I don't want people to think that I'm choosing the Navy or Air Force because I'm afraid of hard work. I intended to join the Army specifically because of their very wide range of job opportunities that aligned with my own interests. I understand that I'm not "Army material" (I mean, come on, I'm 5' 1''...). There's a difference between being afraid of hard work, and being physically incapable of hard work, and I'm neither of those things. However, I just want to end up working where I can use my own personal strengths, rather than trying to fill a role that just isn't right for me. Regardless, I'll still consider the Army, but I'll be exploring my options with the Navy, and possibly Air Force, as well. + +Anyway, the response to this has been absolutely unbelievable. Seriously, I expected to end up with -2 points and a "don't be an idiot" comment. You guys have all been so nice, and honest, and helpful. I was so afraid of the future until now. I did read through every reply and personal message (I think) and I'm taking everything into consideration. I still have a long way to go before either college or the military, but I'll keep all this information in mind. + +Thank you guys so much for everything. I want to put those little heart symbols, but I think that'd screw up the formatting. Just imagine a bunch of hearts here, because you guys are amazing and I love you. +Grocery store worker ape and X shareholder reporting in. I work with meat every day, and seeing prices rise over the last few weeks has me shook. Here's just a sampling of what things cost now. + +1 pound package of Oscar Mayer Bacon. Was $6.99 merely 3 weeks ago. As of today is $9.49 + +Filet Mignon. Out of most people's price ranges anyway, but our older, more monied clientele bought quite a bit of it. 1 month ago was $17.99-19.99/lb. As of 3 weeks ago it is now $27.99/lb. + +Chuck roast. $5.99/lb last week. $8.99/lb today. + +Sirloin tip steak. Ah yes the lowly sirloin tip steak, about as bargain as a bargain cut gets. The store I work is next to the campus of a state.university, so the tip steak is a great way for broke college kids to get a piece of beef. Yesterday tip steak was $5.99/lb Today? $10.49/lb. Almost doubled in price. + +Pretty soon much of the population will be priced out of EATING. + +Inflation, stagnant wages, imminent economic collapse. The DD is clear. GME is THE hedge. I buy what I can. I HODL what i have. Not financial advice, not a financial advisor. I've been hit by a car on 4 separate occasions so clearly I am stupid. +Apart from all the strong points of the Indian Economy due to which India is attracting so much foreign inflows during the COVID-19 period, how much is the effect of global policies for these increased inflows to India? + +What I am curious about is, how the COVID-19 recovery packages in developed countries, have led to increased foreign inflows in India? + +Is it like counter-cyclical policies across the world has made it easier for investors to access cheap money and they find India a preferred investment haven? Also, interest rates across the world are much lower than that in India and maybe once the rates begin to rise, we may see a taper-tantrum of sorts in the emerging economies, like the one in 2013. + +Would love to know what you all think about this. Please forgive any factual inaccuracies in my argument, I am still learning about these things. +After a long stretch of working from home, we were 'encouraged' to return to the office for one day. A few months later, one day became two days. + +I don't know what happens next but I would wager that by mid-2023 the two days will become three days of 'encouragement' to return to the office, then the three days will become four and by early 2024 it will be 5 days. + +Then one day will become mandatory while the other four, they would 'pretty please' ask us to keep coming in. And by the end of 2024, goodbye WFH. + +What d' you reckon? +Citron research on twitter: + +>Congrats to Hindenburg for exposing what appears to be a total fraud with [$NKLA](https://twitter.com/search?q=%24NKLA&src=cashtag_click). Citron will cover half of all legal expenses. You can’t SLAPP the truth away. Explains why Milton sold at $10 this June [$NKLA](https://twitter.com/search?q=%24NKLA&src=cashtag_click) response warrants an SEC investigation to maintain integrity of EV mkt + +Trevor Milton was in full damage control mode yesterday, claiming he had worked for 14 hours writing a rebuttal to claims by Hindenburg which was to be published ahead of market open. Instead he published a statement by Nikola that they have retained legal council and intend to bring the actions of Hindenburg to the attention of SEC. + +Weak response from Nikola sent the share down in early trading but real pressure started to build up with the Citron tweet. I imagine large shareholders are re-evaluating their position. +UPDATE 2/6: For all of you who are reading this a day, or days after it was posted, you should know the issue is now resolved. The bad mods are out, the good mods are in, and the casualty of it was was u/zjz. Enjoy the read. + +Original post: + +For those who see my "Top Detective" flair, but don't know [me](https://markets.businessinsider.com/commodities/news/robinhood-trader-made-2400-percent-return-coronavirus-oil-markets-2020-3-1028989430), I'm [the asshole who made videos this post is talking about.](http://reddit.com/r/wallstreetbets/comments/l7b1b7/a_dark_part_wallstreetbets_history_and_why_its/) + +If you subscribe to r/videos, no doubt you have seen my video, [WallStreetBets and the Art of Sellout Out: An Illustrated Guide](https://www.reddit.com/r/videos/comments/lcperh/wallstreetbets_and_the_art_of_selling_out_an/), is climbing slowly to the top. If you haven't watched it, you should. + +While you were sleeping last night (night of 2/3), moderators who wanted to profit from THIS community, removed the moderators you know and love. They were replaced with brand new accounts. Literally minutes old. It was a coup. + +The long and short of it is, there was a movie deal. In fact, there was more than one. There were dollar signs in their eyes. The Gamestop catalyst that propelled our community to over 8 million members attracted media attention, naturally. It's no secret [he who must not be named sold out](https://www.wsj.com/articles/reddits-wallstreetbets-founder-sells-life-story-to-movie-producer-ratpac-entertainment-11612440001), as he has [in the past](https://www.youtube.com/watch?v=caoF3jH7yG4), and some of the bad moderators were just a little behind him. + +For this reason, some moderators are no longer with us. They tried to go behind other moderator's backs to secure money for themselves, and monetize this subreddit. They even went as far to establish a website (blomberg.com) to intercept all media traffic so they themselves could profit. + +So the Reddit Admins intervened. + +Some of the moderators who grew this community, like u/zjz still have not been added back. Perhaps they will be back in the future. The good news is, the right moderators, the mods you all know and love, are coming back, and some already are here. People I know wouldn't take a dime, are taking back control, one meme filled shitpost at a time. + +He who must not be named still has a movie deal, so I leave you with this question: + +**How do you feel about a guy who has been scamming people for most of his adult life, getting paid six figures for a movie deal partially about scamming members of WallStreetBets?** + +One more thing... Instead of guilding me, I request you spend the money on helping end childhood cancer, by donating to [St. Jude Children's Research Hospital](https://www.stjude.org/donate/donate-to-st-jude.html). Thank you. +Holy 5#!T…. + +(I’m 25) + +It’s official I’m finally debt free. The early hours this morning (29th November) I finally reduced my student overdraft to £0.00. Sitting here looking at it - it genuinely doesn’t feel real. + +This time last year I was living at home £3000 in debt with a student overdraft, no savings, living paycheque to paycheque at what I felt was a dead end job that I absolute hated. Thank you for messing up my initial plans COVID. + +My mental health was down the drain, had talking therapy sessions and life just seemed… shit. + +Fast forward today, I’m working at a well known tech company who look after me very well, I now live with my girlfriend full time and to be frank im giving all credit to her. I think I can even say I think she saved my life. She has supported me absolutely from the get go from day one and she is the reason why I am debt free. + +When we moved in together we calculated finances and both agreed on the amount we’ll each pay. From a previous relationship her credit score wasn’t the best as he had taken credit out in her name (story for another day), so I had agreed to transfer rent and my cut of bills to her in order to help build up her credit rating through direct debits etc. + +Little did I know she was tucking a little bit of my commitment away into her savings and putting it aside and has been cutting down on the food shop etc to balance out the difference. + +I went to her to talk about finances as she had said she wanted to go to winter wonderland in London and I had mentioned how I wanted to clear this burden off asap and get the ball rolling with savings. And yeah she said well it’s sorted and transferred me the money and said “you can finally close it and we can start saving for the future.” + +Where do I get this women an engagement ring she deserves? +I have a common problem I guess. I've been in the forex game for about 2 years and am still on demo accounts. I can't find a profitable strategy to save my life. I've blown several accounts. + +I've invested time and money into heaps of courses. I've learned pretty much every common forex concept/strategy. Spent hours and hours++ back testing and writing trading plans. + +Why can't I be profitable? It's frustrating. +The 401k limit was increased from $19,500 in 2021 to $20,500 in 2022. If you max out your 401k, you were contributing $812.50 per paycheck (or $750 if paid bi-weekly). You now have to increase that to $854.17 per paycheck (or $788.46 if paid bi-weekly) in order to take full advantage of the increased limits. +I treat it like a video game where I want to get a high score. However, I want the *greatest probability* of getting that high score, so capital intensive businesses like startups or real estate don't work for me, all VTI baby. + +By "numbers" I don't mean it's fun to see *any* random numbers go up, I mean it's specifically exciting to see your net worth go up every day. Of course I'm going to spend the money I will make eventually. + +I don't really hate working, I like my job and career a lot; the fun is just in optimizing the system for my benefit, as doing this is interesting in and of itself to me as a programmer. Does anyone else feel the same way? +We have just over 100K invested. So at 4% that gives us $4,000 a year or about $77 a week. Since our family food budget is $60, that means that we could cover our food for the rest of our lives and still have some extra to cover potential increase in food cost. + +One less thing to worry about! WOOHOO! +I’ve made a list of a few hundred small multi family properties in my market (SoCal) and am gathering the ownership information from the county accessor for a direct mail marketing campaign. I’ve noticed that around 70% are owned by a family trust. + +What is the advantage of placing a property in a trust? Is there some sort of tax advantage that I am unaware of? Or, are these all elderly owners who want to avoid potentially having the property go into probate if they die? + +I thought I would pose the question here as the general advice thrown around in this forum is to get an umbrella insurance policy rather than put the property in a trust or LLC. + +Just curious +The pic below is Charles Schwab PFOF information. + +[https:\/\/content.schwab.com\/drupal\_dependencies\/psr\/606\/2021-Q4-Schwab-Quarterly-Report.pdf](https://preview.redd.it/xc6i067cdis81.png?width=1077&format=png&auto=webp&s=82c6be5ad4e117cb4a661f89b286f72f4d5f6a69) + +Edit - ah pricing is .0006 - cheaper than the .001 for normal hours - my error - user notified me in comments - too hard to change the pic above and it’s a minor minor detail - + +**I added up all the GME shares these big 6 own....** + +[Market Makers own less than 304,000 shares... ](https://preview.redd.it/x1gclt5reis81.png?width=697&format=png&auto=webp&s=9a2a77fb9496c3f668f5d30d8b74246e0fa01610) + +DFV owns more than Citadel, or Virtu, or G1.... Heck, UBS has 401 shares - most of yall have more GME than UBS.... + +[Its our company now... Hedgies have to deliver... ](https://preview.redd.it/4qobffhlfis81.png?width=733&format=png&auto=webp&s=8933b52ed11b6edb7c8fb6cfbe685f42e456b78a) + +**The march to zero liquidity was posted almost a year ago....** + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/n3ehw0\/the\_march\_to\_zero\_liquidity\_volume\_or\_bust\/](https://preview.redd.it/7vkg0916fis81.png?width=827&format=png&auto=webp&s=2d1c500d6dd2fab0e068aaa30646889a1675f899) + +**My theory... The ALGO works off the assets of the 6 big market makers. The ALGO is recycling the same shares over and over.** + +[300 in to 2.5million - lets call it 8 cycles... ](https://preview.redd.it/lwf2ogr2gis81.png?width=469&format=png&auto=webp&s=9a5702d032684067539e87c7b82645dfe1566069) + +Below is the GME 1 day chart from FRIDAY... + +[Okay... ](https://preview.redd.it/3mnd007tgis81.png?width=2468&format=png&auto=webp&s=4c2a2d9d2a0ea5c348ecbe65e6633be573b7cc0f) + +https://preview.redd.it/eugv9hndhis81.png?width=2474&format=png&auto=webp&s=a6c599ff278e8166b3f126425b0b019b77ea5852 + +https://preview.redd.it/v5z7fw7whis81.png?width=2486&format=png&auto=webp&s=a69994ba50150da17b65e219bb95a15f86fb34bd + +**The ALGO is working the same 300k shares over and over.** + +GME market cap on close of FRIDAY was $11.16BN. 300k shares = around $45m. + +$45M in to $11.16BN is .004%. EDIT .4pct - still less than half a percent they own - + +**The only real shares they own... is .004% of the entire company... I have a feeling that all the synthetics may be based off these 300k shares....** edit - apparently it’s .4pct - still a baby ass position - my math is retarddd + +&#x200B; +