diff --git "a/reddit_finance_43_250k_97.txt" "b/reddit_finance_43_250k_97.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_97.txt" @@ -0,0 +1,10000 @@ +edit: everyone is wondering why I am not allowed to. It's not that they don't trust me with money as we've all been penny pinchers, but it's their love of holding power above my head even as I'm an adult now. If I make an account or do ANYTHING, I would get kicked out. They think that a girl holding too much independence in her hands is a sin now that they legally have less control over me but still physically hurt me if I make my own choices. If something gets mailed to my house, it won't be that I get yelled at, I'd get kicked out. + +**also I am conflicted.** + +many are telling me to make a credit card to collect credit for when I'm older, but others are telling me not to. IDK what to do at this point. People are also saying when debit cards get skimmed, you lose money. I'm worried about that. A bunch of people have recommended alliant credit union, [ally.com](https://ally.com), and many other services, but I don't know which one to choose. +My ex husband left me with crippling debt (signed up for things with my info without my consent and never paid on them). As of this upcoming Friday I only have one account left in collections! It’s strange to say but the CARES act is allowing me to repair my credit so I can buy a house in the next couple years! + +I can’t really tell anyone in my family because they’re upset that I’ll be buying a house over 2000 miles away from them, and they’d take it as me rubbing it in their faces. My parents never taught me how to budget or live within my means. My dad taught me not to bother saving money because it will just get stolen (he emptied my savings account to pay off his chain of payday loans - he’d been taking one out to pay the last and apparently considered my money to be up for grabs). + +It feels shitty but also great to be able to say that as of right now, I am better than them. I’m better because I will be a better parent and I will teach my children from a young age how to earn and manage money. I’m better because I won’t steal from my kids. I’m better because I live within my means and am open and honest with my new husband about money and finances. + +The best thing they taught me is what not to do, and I will always be grateful for that lesson. Now to get that last $1800 paid off! + +Edit: I’ve been told I’m an asshole for the part where I said I’m better than them. It wasn’t meant to be a superiority complex thing. It’s a declaration that I’m choosing to do things better, for myself and my future children. My parents were children in the 70’s. They were adults in the very late 80’s. They know how to budget and pay bills. They CHOOSE not to live within their means. To this day my dad won’t discuss finances with my mom or even let her see if there’s any money saved up for emergencies (and he’s the compulsive spender, not her). To this day they have nothing saved for retirement save for a tiny pension my mom will get from a job she worked at years before they met. They don’t have a 401k even though my dad worked for the same company for over 20 years, because he kept deciding to pull money out of it to go on vacations. + +So if you want to call me an asshole? Fine. But remember that everyone else seems to understand the concept that you can either be just as bad as the people who raised you, or you can do your very best to learn from their bs and rise above it. Not you though. You lack the reading comprehension. +I'm a non-professional on a computer smashing keys with no financial/professional advice in sight. Apologies if this was covered elsewhere. + +Fact: Gamestop is cooperating with the SEC + +Fact: There are 40M shares of deep out of the money puts that expire July 16th + +Fact: While it's "open to interpretation" any reasonable read would say those deep OTM puts are against the rules to cover shorts. + +Fact: They reissued the rules insisting the fact above was always the rule. + +Fact: I feel like Dwight talking about beets. + +Fact: They have been tightening the rules up regarding shorting. + +Leap: Perhaps the SEC wants to see what happens on Friday. If the shorties find a way out of the inevitable outcome it's another hole that needs patching or is finally the intervention trip wire where the SEC does something. Maybe the SEC is making a case for an arrest and seizure of assets to make sure they have control and feel this is the last item they need. + +Gamestop doesn't trigger the MOASS 7/14 because it's triggered 7/16 and/or the SEC gets the information they need and potential control they need to soften the blow to the whole system. If it doesn't happen 7/16, Gamestop can do it soon thereafter. + +Tick Tock. + +If I did in fact get it right and the SEC/Gamestop wanted to keep this quiet; apologies to the parties that are trying to fix things. + +Edit adds: + +\- I should have said "if there was an announcement planned" in the title; this is all a "what if" scenario so was a little sloppy there. + +\- The SEC potentially in coordination with other agencies +Really grinds my gears how people on here are so quick to call it a coordinated shill attack, a conspiracy to distract people from DRS, whatever. + +Here’s something you’ve got to understand: there is 600k+ people on this sub; there are crazy things happening daily and weekly. A lot of crazy shit is about to go down and we are a pretty cool melting pot of financial news. + +This sub doesn’t have to be only computershare screenshots. The screenshots are great, but I’m here for the content and to learn. + +We can walk and chew gum at the same time. Stop calling every big news story forum sliding or a coordinated shill attack, it makes us look like whackos. + +Edit: seems like a few of you are misconstruing my point. This wasn’t meant to ignite BofA discussion, I was using it as an example. +Good morning San Andreas, + +I am NorthernPrick, + +How's it doin? + +\*insert stolen intro card\* + +&#x200B; + +https://preview.redd.it/e85sgkhz92071.png?width=680&format=png&auto=webp&s=c678b42ec8454df53116a294128c6f7dfc1a75ea + +# Who are you? Where's Rensole and the crew? + +Well, as I'm sure you've probably seen Rensole, Pinkcatsonacid, And Bye\_Triangle are taking a much needed day of rest. No one else has made a daily roundup yet, but as this is a staple of the community I thought I'd blast out a couple of lines to keep it consistent. + +It also seems that the man/woman behind our other favourite post; Sir **Diamantenhände** has been under the weather lately. So let's hope they can also recover and get back to business in good time! + +&#x200B; + +https://preview.redd.it/77rtkdukc2071.png?width=1104&format=png&auto=webp&s=a8e81c35bf11761e997df13691203f4a9ff47994 + +# The RobinHood IPO Revenge Play - OR - "The Bad Mistake" + +I've seen the suggestion of shorting or buying puts on RH's new IPO being seriously mentioned quite a few times recently. What was a joke in February, seems to be turning into a shill tactic in May. + +I'm not going to tell you what to do with your money, but personally I'm not getting off the rocket to mess with anything RH related. While I agree it will probably fall off a cliff quite quickly, I expect it to also be used as a bear trap for a short time to snare vengeful apes. + +I certainly don't want to be margin called if an RH options contract skyrockets in the wrong direction. All that will happen is my GME will get force liquidated to pay for it and leave me with nothing at all and no moon tickets. + +If you really want to short something, short the hedgies by buying more GME + +Remember: We are Bulls with Diamond Nose Rings! + +&#x200B; + +https://preview.redd.it/6pdfwnjrh2071.png?width=1078&format=png&auto=webp&s=237063c218b459a6fc93b8bf124b748300fe928f + +# The OCC's temporary size increase to the clearing fund pool + +[https://www.reddit.com/r/Superstonk/comments/nftyg4/occ\_has\_issued\_a\_statement\_to\_all\_clearing/](https://www.reddit.com/r/Superstonk/comments/nftyg4/occ_has_issued_a_statement_to_all_clearing/) + +588 million dollars! Holy smokes! + +Actually not quite. On paper this looks like a tasty bit of loss, but that number is actually split between hundreds of firms. It equates to at most a couple million per member and is nothing but a drop in the bucket to these ultra rich firms. + +Either way it's interesting to see this being announced, but I wouldn't get too excited about it. + +&#x200B; + +[meme credit: \/u\/JustDesaix](https://preview.redd.it/h5w5o8oij2071.png?width=956&format=png&auto=webp&s=42e8ecaf852900fe15d9ec89708b2ca1e5f43b50) + +# Glacier Capital and the mailbox + +[https://www.reddit.com/r/Superstonk/comments/nf3sfp/glacier\_capitals\_mailbox/](https://www.reddit.com/r/Superstonk/comments/nf3sfp/glacier_capitals_mailbox/) + +This. Now this is cool. And an absolute testament to the sheer amount of apes actively hodling GME + +The fact that an ape was able to not only travel to the Glacier Capital business address in Luxembourg and find their low budget mailbox, but also to find other apes already there doing the same thing. That's insane. + +I would expect that from a US location, absolutely not from a tiny European country where hodl numbers are generally reported as quite low. This is truly huge WORLDWIDE. Tits = Jacked. + +&#x200B; + +[picture credit: \/u\/DanceIllustrious2788](https://preview.redd.it/3mz58vszk2071.jpg?width=400&format=pjpg&auto=webp&s=c6921b2fc18b3c110d8ccdbc1bbe6d771df7dc83) + +# The ICC, OCC, DTC - The new filings from these new names + +So what exactly are the ICC and OCC? I only knew about the DTC - I hear you ask. + +Well, in simple terms the DTC handles the stonk side of the market. The OCC is basically the same but for the options side of the market. + +The ICC is for default swaps and the big ol' banks are the members. + +**SR-ICC-2021-007:** Basically this is a means of them cherrypicking what can be used as collateral or capital to avoid the dreaded phone call. So if they say "Look at these here shitcoins and bonds! Plenty money here", the ICC can say no that's not good enough we need cold hard cash and assets and liquidate them. + +**SR-ICC-2021-008:** The margin requirements calculation model. Basically if they predict a stock will have a period of high volatility, they take that into consideration when calculating margin requirements. So if they think the stock will go up, then guess what? You already have the higher risk in advance. + +\^ As far as I can tell these two rules are huge. We might not see immediate activity as a result, but it's another strand off the tightrope. + +If you want to read more about these, check out the post by Criand. Though I'm sure you can't miss it anyway: [https://www.reddit.com/r/Superstonk/comments/nfl69o/new\_icc\_rules\_summary\_they\_are\_preparing\_for/](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/) + +&#x200B; + +https://preview.redd.it/4h507j37t2071.png?width=1224&format=png&auto=webp&s=598003352927216f2a2d46c0b598f382ff1147e1 + +# The "fake squeeze" narrative + +Ok. I think this goes without saying, but if the hedgies let GME run up to 1k then they will get the dreaded phone call. Atleast the smallest hedgie will, and it will cause the domino effect and wipe out the other firms in the process. I really doubt that the fake squeeze is possible and it seems to me like an attempt at convincing apes to try an daytrade. + +The best way is to hold through the "fake squeeze" if it happens, and allow it to carry on into the real MOASS. Keep an eye on the Level 2 data for the bid/ask information and use that to help you find indicators. + +If you don't have ready access to **Level 2** data or your broker doesn't offer it, try out one of the market livestreams on YouTube. + +Personally I like **Stocks Big Plays** daily livestream as there is no music or commentary, simply just a quiet stock board with the data and people chatting. Sorta like in the NYSE but it's actually a WeBull screen recording. + +Check out their today's stream here: [https://www.youtube.com/watch?v=TYqOXYYIhYM](https://www.youtube.com/watch?v=TYqOXYYIhYM) + +:EDIT: To clarify, you shouldn't take L2 data as the be all and end all. For example WeBull's data is only data from the NASDAQ rather than all exchanges. It's a case really of retail's data being subpar, but it's better than nothing at all unless you pay for a full fledged one like Fidelity has. Use your best judgement. [https://www.reddit.com/r/Superstonk/comments/nfh3wx/psa\_we\_need\_to\_stop\_posting\_misleading\_order\_book/](https://www.reddit.com/r/Superstonk/comments/nfh3wx/psa_we_need_to_stop_posting_misleading_order_book/) + +&#x200B; + +https://preview.redd.it/29koiw2so2071.png?width=882&format=png&auto=webp&s=87449e665b7a7c0217f52c8875818a904c94d852 + +# EXCELLENT! guitar solo + +Be friendly, help others! + +We're all apes here, even the shills. Treat each other with respect and decency. + +If someone isn't playing nice, simply show them some kindness. They may simply be having a bad day, and stooping to their level only ends with more apes having a bad day. + +**Ape don't fight ape.** + +Finally, we can go up, down, sideways, and backwards. Whatever happens, don't panic. Good things come to those who wait. Waiting can be boring, but spend the time learning about the market and doing your own DD. I guarantee there is always more that you can learn. + +&#x200B; + +:EDIT: Kindly pointed out by /u/C_C_C21 , Honourable mention for the AMA with Wes Christian yesterday. It's a super interesting viewing and a lot of the big DD has been reinforced by this man. If you missed it, check out the replay at [https://www.reddit.com/r/Superstonk/comments/nfs6s2/rsuperstonk\_live\_wes\_christian\_may\_18\_2021\_watch/](https://www.reddit.com/r/Superstonk/comments/nfs6s2/rsuperstonk_live_wes_christian_may_18_2021_watch/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/evd246evp2071.png?width=1278&format=png&auto=webp&s=4066c59f27b5c6e06a90d5e27d923828d6711ea7 + +# Peace out mates! Have a great day chadding the market. + +Side note after re-reading this news post, I see that it's a little shorter than usual. Apologies there, I read a ton of posts overnight but the wine has made me forget the other juicy ones. + +(Obligatory not financial advice. Opinions and discussion is the personal musings of /u/NorthernPrick and not to be taken as fact. Educational Boredom Only.) +Good morning San Andreas, + +I am NorthernPrick, + +How's it doin? + +\*insert stolen intro card\* + +&#x200B; + +https://preview.redd.it/e85sgkhz92071.png?width=680&format=png&auto=webp&s=c678b42ec8454df53116a294128c6f7dfc1a75ea + +# Who are you? Where's Rensole and the crew? + +Well, as I'm sure you've probably seen Rensole, Pinkcatsonacid, And Bye\_Triangle are taking a much needed day of rest. No one else has made a daily roundup yet, but as this is a staple of the community I thought I'd blast out a couple of lines to keep it consistent. + +It also seems that the man/woman behind our other favourite post; Sir **Diamantenhände** has been under the weather lately. So let's hope they can also recover and get back to business in good time! + +&#x200B; + +https://preview.redd.it/77rtkdukc2071.png?width=1104&format=png&auto=webp&s=a8e81c35bf11761e997df13691203f4a9ff47994 + +# The RobinHood IPO Revenge Play - OR - "The Bad Mistake" + +I've seen the suggestion of shorting or buying puts on RH's new IPO being seriously mentioned quite a few times recently. What was a joke in February, seems to be turning into a shill tactic in May. + +I'm not going to tell you what to do with your money, but personally I'm not getting off the rocket to mess with anything RH related. While I agree it will probably fall off a cliff quite quickly, I expect it to also be used as a bear trap for a short time to snare vengeful apes. + +I certainly don't want to be margin called if an RH options contract skyrockets in the wrong direction. All that will happen is my GME will get force liquidated to pay for it and leave me with nothing at all and no moon tickets. + +If you really want to short something, short the hedgies by buying more GME + +Remember: We are Bulls with Diamond Nose Rings! + +&#x200B; + +https://preview.redd.it/6pdfwnjrh2071.png?width=1078&format=png&auto=webp&s=237063c218b459a6fc93b8bf124b748300fe928f + +# The OCC's temporary size increase to the clearing fund pool + +[https://www.reddit.com/r/Superstonk/comments/nftyg4/occ\_has\_issued\_a\_statement\_to\_all\_clearing/](https://www.reddit.com/r/Superstonk/comments/nftyg4/occ_has_issued_a_statement_to_all_clearing/) + +588 million dollars! Holy smokes! + +Actually not quite. On paper this looks like a tasty bit of loss, but that number is actually split between hundreds of firms. It equates to at most a couple million per member and is nothing but a drop in the bucket to these ultra rich firms. + +Either way it's interesting to see this being announced, but I wouldn't get too excited about it. + +&#x200B; + +[meme credit: \/u\/JustDesaix](https://preview.redd.it/h5w5o8oij2071.png?width=956&format=png&auto=webp&s=42e8ecaf852900fe15d9ec89708b2ca1e5f43b50) + +# Glacier Capital and the mailbox + +[https://www.reddit.com/r/Superstonk/comments/nf3sfp/glacier\_capitals\_mailbox/](https://www.reddit.com/r/Superstonk/comments/nf3sfp/glacier_capitals_mailbox/) + +This. Now this is cool. And an absolute testament to the sheer amount of apes actively hodling GME + +The fact that an ape was able to not only travel to the Glacier Capital business address in Luxembourg and find their low budget mailbox, but also to find other apes already there doing the same thing. That's insane. + +I would expect that from a US location, absolutely not from a tiny European country where hodl numbers are generally reported as quite low. This is truly huge WORLDWIDE. Tits = Jacked. + +&#x200B; + +[picture credit: \/u\/DanceIllustrious2788](https://preview.redd.it/3mz58vszk2071.jpg?width=400&format=pjpg&auto=webp&s=c6921b2fc18b3c110d8ccdbc1bbe6d771df7dc83) + +# The ICC, OCC, DTC - The new filings from these new names + +So what exactly are the ICC and OCC? I only knew about the DTC - I hear you ask. + +Well, in simple terms the DTC handles the stonk side of the market. The OCC is basically the same but for the options side of the market. + +The ICC is for default swaps and the big ol' banks are the members. + +**SR-ICC-2021-007:** Basically this is a means of them cherrypicking what can be used as collateral or capital to avoid the dreaded phone call. So if they say "Look at these here shitcoins and bonds! Plenty money here", the ICC can say no that's not good enough we need cold hard cash and assets and liquidate them. + +**SR-ICC-2021-008:** The margin requirements calculation model. Basically if they predict a stock will have a period of high volatility, they take that into consideration when calculating margin requirements. So if they think the stock will go up, then guess what? You already have the higher risk in advance. + +\^ As far as I can tell these two rules are huge. We might not see immediate activity as a result, but it's another strand off the tightrope. + +If you want to read more about these, check out the post by Criand. Though I'm sure you can't miss it anyway: [https://www.reddit.com/r/Superstonk/comments/nfl69o/new\_icc\_rules\_summary\_they\_are\_preparing\_for/](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/) + +&#x200B; + +https://preview.redd.it/4h507j37t2071.png?width=1224&format=png&auto=webp&s=598003352927216f2a2d46c0b598f382ff1147e1 + +# The "fake squeeze" narrative + +Ok. I think this goes without saying, but if the hedgies let GME run up to 1k then they will get the dreaded phone call. Atleast the smallest hedgie will, and it will cause the domino effect and wipe out the other firms in the process. I really doubt that the fake squeeze is possible and it seems to me like an attempt at convincing apes to try an daytrade. + +The best way is to hold through the "fake squeeze" if it happens, and allow it to carry on into the real MOASS. Keep an eye on the Level 2 data for the bid/ask information and use that to help you find indicators. + +If you don't have ready access to **Level 2** data or your broker doesn't offer it, try out one of the market livestreams on YouTube. + +Personally I like **Stocks Big Plays** daily livestream as there is no music or commentary, simply just a quiet stock board with the data and people chatting. Sorta like in the NYSE but it's actually a WeBull screen recording. + +Check out their today's stream here: [https://www.youtube.com/watch?v=TYqOXYYIhYM](https://www.youtube.com/watch?v=TYqOXYYIhYM) + +:EDIT: To clarify, you shouldn't take L2 data as the be all and end all. For example WeBull's data is only data from the NASDAQ rather than all exchanges. It's a case really of retail's data being subpar, but it's better than nothing at all unless you pay for a full fledged one like Fidelity has. Use your best judgement. [https://www.reddit.com/r/Superstonk/comments/nfh3wx/psa\_we\_need\_to\_stop\_posting\_misleading\_order\_book/](https://www.reddit.com/r/Superstonk/comments/nfh3wx/psa_we_need_to_stop_posting_misleading_order_book/) + +&#x200B; + +https://preview.redd.it/29koiw2so2071.png?width=882&format=png&auto=webp&s=87449e665b7a7c0217f52c8875818a904c94d852 + +# EXCELLENT! guitar solo + +Be friendly, help others! + +We're all apes here, even the shills. Treat each other with respect and decency. + +If someone isn't playing nice, simply show them some kindness. They may simply be having a bad day, and stooping to their level only ends with more apes having a bad day. + +**Ape don't fight ape.** + +Finally, we can go up, down, sideways, and backwards. Whatever happens, don't panic. Good things come to those who wait. Waiting can be boring, but spend the time learning about the market and doing your own DD. I guarantee there is always more that you can learn. + +&#x200B; + +:EDIT: Kindly pointed out by /u/C_C_C21 , Honourable mention for the AMA with Wes Christian yesterday. It's a super interesting viewing and a lot of the big DD has been reinforced by this man. If you missed it, check out the replay at [https://www.reddit.com/r/Superstonk/comments/nfs6s2/rsuperstonk\_live\_wes\_christian\_may\_18\_2021\_watch/](https://www.reddit.com/r/Superstonk/comments/nfs6s2/rsuperstonk_live_wes_christian_may_18_2021_watch/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/evd246evp2071.png?width=1278&format=png&auto=webp&s=4066c59f27b5c6e06a90d5e27d923828d6711ea7 + +# Peace out mates! Have a great day chadding the market. + +Side note after re-reading this news post, I see that it's a little shorter than usual. Apologies there, I read a ton of posts overnight but the wine has made me forget the other juicy ones. + +(Obligatory not financial advice. Opinions and discussion is the personal musings of /u/NorthernPrick and not to be taken as fact. Educational Boredom Only.) +I hear this sort of argument all the time peddled by businesses, academics, politicians, etc and to me it has never made sense but I never know what it's called or how to describe it. + +Example 1: Train delay adds 5 minutes a day to a million workers' commute. This is equivalent to x working days and y cost to the economy. + +To me these extrapolations are nonsense and spurious. Where the initial indicator is so small (as in the example above) there is no way that worker could have achieved anything tangibly productive in those extra five minutes so adding those up to what a full time worker could achieve over x time period is just nonsense. + +Can you think of any other similar examples? + +I also worded my question wrong - I understand that this form of argument is extrapolation. However, I don't know how to simply articulate my criticism of it. +I'm just now graduating with a bachelor's degree in economics and I can't help but want to know more. I know for a fact that my knowledge has value at this point. However the issue with economics is in order to get use out of a good portion of your knowledge you need to likely prove yourself in a job but if there isn't many jobs for entry then there's limited use. I have immense interest behavioral economics, and would like to pursue that for my masters. What would the expected job market be like after upon graduation with a Masters in Behavioral Economics? I'm also considering Econometrics but Behavioral Economics holds my interest much more. Any advice is welcomed. +Just look at the facts. + + +- We know hedge funds are controlling a lot of media and can push narratives whenever and however they want. +- [The post](https://www.reddit.com/r/wallstreetbets/comments/nrl0ym/short_sellers_lose_almost_5_billion_in_one_day/) gained a lot of traction on Reddit (Posted on r/WSB which is definitely compromised) + +From first sight, it's a positive one. We have won a bit, hooray, wow $5B etc., of course, it'll get upvoted (and hedgies know that that's why it's sophisticated manipulation when the post itself looks harmless and positive, but in reality, it's to give you a thought) + +It's into forcing you to think $5B is a lot of money for them. (They've made much more shorting the same stocks from January to February....) + +This has been pushed by the media for a week straight. Whenever meme stocks go up, they've been pushing this, again and again, talking about retail winning with their excited presenters and shorts losing a lot of money. + +Their idea is to keep pushing this narrative whenever meme stocks go up, and eventually, when GME squeeze happens, to force you into thinking that it's much more than the previous time, it sure is a lot of money. + +No. Bleed them dry. Hold. + +TL:DR **Media sucks, $5B are pennies for hedgies, celebrate when they lose at least $200B a day, don't fall for over excited news presenters** + I'm 21, just got a job at Whole Foods, and now I'm getting mail about signing up for their 401k plan. I have no idea what that entails other than a google search I went on where I understood that its a way to save for retirement (?) But I still can't tell things like how do I know if its a good plan? Why can't I just save money for retirement on my own? Are all 401k plans the same? Why do I really need one and how does it benefit me? My family is dirt poor so I never sign up for anything when it comes to borrowing money like loans and stuff because I am POSITIVE I will not be able to pay back. As of right now its hard to see a future for myself where I'm working a job like in an office or whatever is "professional" because I have extreme social anxiety and imposter syndrome is a constant thing that always makes me feel like I'm going to fail and that I don't have what it takes to do a good job despite being really good in school. Anyways, this super market job might be my best bet for the foreseeable future and so I need advice on whether I should do their 401k plan or not. If anyone out there is trying to help a clueless new adult thanks a ton in advance! + +EDIT: OH MY GOSH THANKS SO MUCH FOR ALL THE REPLIES SHARING YOUR EXPERIENCES/TIPS GUYS!! I WAS STRESSING LOL But truly, I appreciate it so so much and feel MUCH more informed and confident in this decision. I don't really have anyone in real life that I could ask these things to and often feel very lost but you guys were beyond helpful, considerate and understanding. Way to go!! ♥️ +I was an early employee at a company that is about to IPO later this month. I am no longer employed there, but exercised all my options upon leaving. I am mid-career, in my mid-30s and have always done my own taxes and finances. Upon IPO, my shares should be worth roughly $8M on paper. + +What should I do to prepare for IPO? I am getting served paperwork and documents, and not sure if I should consult a lawyer. Going forward, what are things I can do to manage the risk of having such a substantial part of my NW tied up into a high-risk stock? I don't have a finance professional or tax professional helping me-- should I begin interviewing? Not quite sure where to start. + +Have been a long time lurker. Thanks +To cut a long story short. I want to buy my financially crippled parents a home in Poland. I myself live in the Netherlands. I can get a mortgage but only in Netherlands and only if I buy-to-reside. I've been trying to search for answers how I can make this work, but I face many uncertainties: + +* Getting a mortgage in Poland with a Polish bank is impossible with my EURO salary. +* Polish banks require me to put my salary for 6 months in their banks to prove that I have income, which makes sense for the banks, but no sense for me. +* Dutch banks do not let me get a mortgage for a property in another country. +* Getting an expensive non-mortgage loan seems risky. + +Additional context: I have no mortgage myself, I am a Polish national. The property were looking to buy is fairly cheap, I can pay 50% of the value in cash already. The mortgage loan would be in the range of €50-70k, and my parents would help me amortize the monthly costs with their retirement returns. + +How do all these other people buy vacation homes left and right without any issues, but getting a mortgage loan in my specific instance seems near impossible. Any thoughts or ideas? Thanks +I'm talking about both academic and workplace affirmative action. + +Are there any studies on this matter? I know that affirmative action is a thing in America, but it is also done to a lesser extent in places like China and Hungary. Is the success rate of each country different? + +How can you control for other factors? + + +I am an American professional basketball player playing in Europe. I don't make much money at the moment, about $1,000 USD a month (most European rookie contracts are extremely low pay). The upside of this job is that I am able to keep 100% of the money I make with all housing and food being paid for and no student debt from college. Next year my pay will increase to $1,600 USD/ month and my goal is to be making $5,000 - $6,000 per month by my third year. With the ability to basically pocket 95% of my paycheck I was wondering what would be the best way to manage my money. I have some experience in the stock market but I thought I would try for an experts opinion on the subject by asking r/personalfinance + +Edit* some people said they need more information. I am 25 years old and wouldn't mind retiring from basketball by 30 and I have an undergrad degree and a masters of science information systems degree so I would like to hopefully land a decent paying job when I am done playing. Thank you so much for all the great responses so far! + +Edit #2: I've got a few DM's about what position I play/what my game is like, so here is my highlight video from college :) +https://youtu.be/Wl7gvABnQys +Someone from our Telegram group reached out to us and wanted us to put this message on CMS: + + + + + +Been on to crypto for a month or so and already been rugged a couple of times. So I am being very careful. I like YEET Token for short and long. The use case they just announced seems really unique - an on going pixel canvas that holders can buy into. Has anyone seen this elsewhere? Sounds like a form of the /r/place canvas that went viral. Pretty cool and may really catch on. + + + +I also like the crew running it. The key people come off as professionals (can’t say that about every token) and they’re looking to grow the token’s utility for the long term with ongoing use cases to be announced over time. + + + +Also like how active the devs are publicly. I heard them talk a couple times in the Telegram voice chat. Seem like good guys that are on it, smart and transparent. Marketing is getting ramped up and it’s already has a strong community after just a week or so. So, it looks like it’s ready to pop. I think it’s definitely more than a meme coin, but has the potential and moon. + +[https://YeetToken.io](https://YeetToken.io) + +&#x200B; + +Written by u/JLav7 (Telegram) + +&#x200B; + +YeetToken address: 0x7060d3f1cc70a07f4768560b9d9b692ac29244de +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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). +The purpose of this post is to document my experience with a recent eminent domain taking. When I first heard it was going to happen, I searched Reddit for similar experiences, and didn't find anything helpful, despite having a huge impact on our personal finances. So, I'm making this post in the hopes others find it when they need it. A quick note that eminent domain (also known as compulsory purchase or expropriation) is when the government takes private land for public use. My example was pretty textbook: the state wanted to build a road, and my land was in the way. So they essentially forced a sale. + +**Background**: My wife and I live 6 acres of land in the Mid-Atlantic region. It's rural, but on the other side of the road is suburban property. The state wanted to take this road, which is one lane in each direction, and make it two lanes one way, and lay down new pavement for two lanes in the opposite direction. And our driveway goes up to the road now, so a new road is being built for us (parallel to the new road) and the end part of the driveway is being removed to prevent us turning onto the highway directly. So the state needed about 2 acres of land, mostly flat pasture, which we were using for our horses boarded on the property. + +[My wonderful representation](https://i.imgur.com/7oUseo8.png). + +**The beginning**: You may first hear about it from neighbors, but there will be mailings sent out to those affected, maybe over a year ahead of time. Keep track of project status and funding, and expect local meetings at nearby schools with the planners. You can talk to them and find out the plans. One thing to note is the plan is never set in stone. The state puts out a Request for Proposal, and contractors respond with proposals, and the chosen design wins the bid. So while the state man plan some minimum requirements, the winning proposal and design may be different. + +**When it gets real**: You will receive official notice at some point that the state is going to try to buy your land. Now, if your state has a "quick take" provision, as ours does, heads up: the state can take your land with no negotiation at all. For us, this is allowed only if a reasonable amount of money, representing the value of the land, is placed in a Court fund, available to the homeowners without prejudice to future negotiations. Three months after the initial notice, our land was "condemned" and the state owned it, and we were defendants in a civil suit. No Deed transfer yet, but it was in effect gone. Along with this letter was an appraisal showing how they got the figure they got to. + +**The appraisal**: The state will hire someone to appraise the land, and it's no different than the appraisal you had done when you bought your house. They look at the land, the comps, and figure a range/average from there. Our county executive in charge of the project had built up a reputation of never having to ever go to court over eminent domain, so the comps were generous. And like other appraisals, the "highest and best use" was used, so this was a decent number, to be honest (1/3rd of what we paid for the entire property, but they weren't taking any structures, just land). + +**The negotiation**: Quick take or not, you're going to want to negotiate with the state. It's quite worth the time - since we have horses, and this land affected them, we compiled a loss per year due to the loss of this land (extra food costs, revenue lost from losing a boarder, e.g). We also compiled costs for restoring the remaining land to similar condition of the land being taken (grading hills to create flat pasture, new fencing, e.g). The state didn't like our loss per year, but only because it wasn't boiled to one simple number. So, I extrapolated the loss from our age until age 65, added restorative costs, and asked for twice what the state originally gave. They knocked it down to a round number, and we accepted. + +**The emails**: I have never been involved in anything so... involved before. Even after all the estimates, documents, meetings with the lawyer and neighbors and agreeing on a price, it was a battle to get the money. You have to deal with courts, paperwork, and if you have a mortgage, your lender. Our lender is pretty chill, but they still wanted some money, as the property is losing value. After that's all done, you need to get your check, and in our case, a second check from the state. All in all, this is one year of asking people "What can we do this week to move the process along?". We're still due some interest, and with COVID-19, I know it's going to take many more months to get one simple check. + +**Taxes**: I can answer questions about this, but read IRS Pub 544 for details. We got $X for the property, that's a gain (or loss if your adjusted basis is higher than that). The $Y we negotiated to restore the property reduces the remaining property basis - so it's not taxable. The $Z in interest (because it takes a year of sending emails) is taxed as ordinary income. + +1) For $X, the gain is $X minus the basis, or what you paid for the property plus expenses in buying/upgrading/selling. Since ours was a subset/parcel of a larger lot, we got an appraisal for just that land (separate from the state's) and a realtor to give us comps from the year we got the house. So say the realtor says it's worth $50,000, we spent $5,000 in lawyer fees and appraisals, and we got $80,000 from the state, then taxes are $25,000×15%. + +2) For $Y, the severance, say that was $40,000, and you paid $250,000 for your home. When you go to sell your home, say $300,000 in the future, your gain is $50,000 normally. Well now it's going to be $90,000. Note the first $250,000 ($500,000 if filing joint) of gains of a primary residence are not taxed if you live in the house for at least 2 years. (*edit*: removed wrong tax info) + +3) $Z is just normal income, easy to deal with + +**Timeline** from getting the first official letter that eminent domain was happening: + + 3 months: The "taking" happens + 6 months: Negotiated new price + 9 months: Lender gets paid, we get paid first payment (from original) + 15 months: We get paid the second payment (negotiated amount) + 18+ months: Still haven't gotten all the interest due + +OK, I didn't want this to be too long, so I'll put this up, and feel free to comment with questions. +Hey! I am a 14 year old boy who loves editing videos, my dream is for it to become my job. But right now i really want a Nintendo Switch, so i want to earn money in a way i really love. If anyone needs me to edit video's i am here! i'll take $5 dollars an hour. I can edit in any style you would want. If you don't like the final product, i can refund half the money (if the complaint is valid.) + +&#x200B; +It's happening! + +Link: [https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever](https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever) + +From the article: + +>[JPMorgan Chase & Co.](https://www.bloomberg.com/quote/JPM:US) is poised to sell $13 billion of bonds, setting a record for the largest bond sale ever from a bank, according to data compiled by Bloomberg. +> +>The longest portion of the [five-part offering](https://www.bloomberg.com/news/terminal/QRMBW8GQOFSW), a 31-year security, is expected to yield 107 basis points above Treasuries, according to a person familiar with the matter. The sale comes a day after JPMorgan reported strong first-quarter [earnings](https://www.bloomberg.com/news/articles/2021-04-14/jpmorgan-posts-investment-banking-fee-surge-while-loans-decline), including a 15% increase in fixed-income, currency and commodity trading revenue and a $5.2 billion release from its credit reserves. Rival Goldman Sachs Group Inc. is also [selling bonds](https://www.bloomberg.com/news/terminal/QRM8YZGENSW0) Thursday. +> +>The previous largest sale by a bank also came from JPMorgan, a [$10 billion offering](https://www.bloomberg.com/news/terminal/Q8UJIMDWLU6Y) in April 2020, the Bloomberg-compiled data show. +> +>JPMorgan is the sole bookrunner of the sale, and the proceeds are marked for general corporate purposes. + +&#x200B; + +edit: for some context check out the following links: + +[https://www.reddit.com/r/GME/comments/mgucv2/the\_everything\_short/](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[https://www.reddit.com/r/GME/comments/mhw44x/wondering\_where\_tf\_the\_sec\_is\_the\_financial/](https://www.reddit.com/r/GME/comments/mhw44x/wondering_where_tf_the_sec_is_the_financial/) + +TL:DR from the second link above: + + Remember❗Hedgies aren't just shorting GME to oblivion. They've been doing this to US Treasury Bonds. Particularly 10 year ones. If that implodes, then the government can no longer guarantee the value of its own dollar, because those "insurance policies" i.e. US bonds are worthless=Dollar go boom 💥 Treasury Secretary Yellen called a meeting to seemingly stop that boom. +Why is this so damn difficult? 10/15 multi-family listings I reviewed this morning failed to include rental income information of any type. + +* Great photos: Check +* Utility costs: Check +* General expenses: Check +* Unit breakdown: Check +* Taxes: Check +* HVAC info: Check +* Entirely too high asking price: Check +* Rent Roll: NOPE + +Why must is be like this? +If I’m a bank/credit union/investor why would I ever loan someone at 5% for say a mortgage when I could have better returns placing that money in an index fund? + +This is really a broader question in the relation of prices and value but I’ll use the example as follows: + +An antique, say a chair, is originally made for sale on the market at $5. Left 200 years, without any extra labour being put into the chair, it now fetched a price of $1,000 (adjusted for inflation). + +The question is obvious here, if labour is what determines value of an item, how come the price it gets on the market has risen so dramatically without the use of any labour? + +Now the common response I’ve heard is that for Marx, price and value are not the same thing. Price is just the amount of money something is sold for but the idea of value seems far more vague. What is this value and how does it manifest in the real world? It’s fine to say an object may have a value that is separate to prove but it would need to be shown how this value actually has material or even psychological impacts on real people. + +It would also seem that as someone would be willing to spend this amount of money and money for Marx is a material manifestation of coagulated labour time (being a commodity itself) this would seem to suggest that the antique has actually gained value not just price? (Please correct me on any misunderstanding) + +I have heard it says that price roughly orbits value. Fluctuating from in by (relatively) small differences. However this does not seem to be the case for antiques as the current price has differed often very substantially from the original and will most likely increase further (rather than orbiting the value). + +It would seem intuitively that the price of this antique is determined by supply and demand. Meaning, there are few on the market and someone is willing to pay that price for it. I’m unsure if this is something Marx would deny, maybe he would go a step further and ask ‘why is someone willing to pay that price?’. + +I would appreciate any responses or corrections of my understanding. +Citigroup: http://www.google.com/finance?q=NYSE:C + +Bank of America: http://www.google.com/finance?q=NYSE:BAC + +Morgan Stanley: http://www.google.com/finance?q=NYSE:MS + +RBS: http://www.google.com/finance?q=NYSE:RBS + +UBS: http://www.google.com/finance?q=ubs + + + +Looks like a bloodbath out there. +So for a while I've been analysing the differences between how cryptocurrency charts differ from forex ones, so I can find out how institutional algos operate. This is based on the premise that these algos aren't used on crypto as much, or at all (which may be a flawed premise, but I set about trying to prove whether that's true or not). + +So an idea I wanted to test was that these algos would go for smaller wins based on gaining liquidity from retail traders. I analysed some of the basic places that retail traders would enter, based on simple indicators. I set this up by using a much more complex system to analyse the best times possible for retail traders to enter, so I only used the highest quality areas. + +I then checked the crypto markets, and trades here were breakeven or had a little bit of profit. + +Moving to the forex markets, I reversed the trades at these precise entries for small 10-20 pip wins, trying to find where algos were being used. + +I expected to see about a 60% win rate if these algos were operating at these points, proving the theory that they acquire retail liquidity. I was looking for a sharp move against the retail entries, up to small stops, and then continuing back on the original route - showing the algos were getting liquidity both directions to enter and exit the trades. + +On 5 major forex markets, going back a few months each, I got an average on all markets over about 200 trades of an 88% win rate. Some markets as high as a 97% win rate. + +So - just wanted to say - this seems to be the way to profit at forex. Figure out what the banks are doing as *specifically* as possible, and just copy them. + +Thanks for reading! Would love to hear all of your theories or ideas on similar topics. +So for a while I've been analysing the differences between how cryptocurrency charts differ from forex ones, so I can find out how institutional algos operate. This is based on the premise that these algos aren't used on crypto as much, or at all (which may be a flawed premise, but I set about trying to prove whether that's true or not). + +So an idea I wanted to test was that these algos would go for smaller wins based on gaining liquidity from retail traders. I analysed some of the basic places that retail traders would enter, based on simple indicators. I set this up by using a much more complex system to analyse the best times possible for retail traders to enter, so I only used the highest quality areas. + +I then checked the crypto markets, and trades here were breakeven or had a little bit of profit. + +Moving to the forex markets, I reversed the trades at these precise entries for small 10-20 pip wins, trying to find where algos were being used. + +I expected to see about a 60% win rate if these algos were operating at these points, proving the theory that they acquire retail liquidity. I was looking for a sharp move against the retail entries, up to small stops, and then continuing back on the original route - showing the algos were getting liquidity both directions to enter and exit the trades. + +On 5 major forex markets, going back a few months each, I got an average on all markets over about 200 trades of an 88% win rate. Some markets as high as a 97% win rate. + +So - just wanted to say - this seems to be the way to profit at forex. Figure out what the banks are doing as *specifically* as possible, and just copy them. + +Thanks for reading! Would love to hear all of your theories or ideas on similar topics. +I keep hearing a ton about JEPI on this sub, mostly all positive. Can someone please share what the downsides are now? + +Currently deciding between SCHD and JEPI for a taxable brokerage account that we plan to hold for a long time. + +Thanks! +We are in dire need of staff which I assume is the reason for the higher than normal starting wage. But I feel underappreciated because of this. + +IMO if they can afford to pay new people as much as they are, they can afford to pay me more. + +Is it wrong of me to ask for a few more dollars per hour raise with this being the only reason? It's been awhile(a year or so) since I have gotten a raise and perhaps I'm using this as an opportunity to ask for more? + +I'm not sure if I am thinking about this correctly. + + + +Thoughts? + +Thanks in advance. + + +EDIT: The consensus is that it is wrong to consider asking for a raise simply due to how much new hires are making, regardless of time in the company considering my work ethic. I agree but was not seeing it that way. + +If anyone has more to add beyond that I would be happy to hear it. + +I appreciate the answers and honesty. Thank you all. + +Edit two: Well this got bigger than expected. I cannot express how much the priceless advice means to me. I have been humbled in more ways than one. + +I promise I will reply to everyone when not on mobile. I really really really appreciate everything said, good and bad. I needed the kick in the teeth honestly. I apologize to those I reacted to negatively in the beginning. I see your point of view and respect it. + +What a great sub this is. I work nights so it's time for housework now. I *will* get back to you all tonight. + +Thank you. Thank you. Thank you again. + +. + +Edit three: So I have spent several hours replying to as many people as I can, but I'm saying much the same thing to everyone so I'll just say it here. + + + I have learned quite a few things from this post. I think an honest upfront conversation with my manager is in order, with the knowledge it may lead nowhere. I have not done any research into what someone with my position and experience is worth. If it had been another, larger, company than my current one I can only assume I would of had more *opportunity* to move up. **BUT** considering my attitude towards my current line of work / the way I have approached it these past 5 years(coasting), I do not think I would have received those promotions. And that's okay. That just means I need to change. I need to improve. + + +*I need to move on.* + +This job is not something I would have pictured working for 7 years when I was fresh out of high school. I like the work but it's just not for me anymore. It's not a career by any means. A career is something I have thought about for a long time. Something I really want. I am not sure what was holding me back, fear complacency laziness? Probably all of the above. I regret wasting so much of my time. + + + +So in regard to the main point here: I do understand and agree that tenure *alone* is not sufficient for a raise, and is certainly a weak argument to make to your boss *if* in that time I have not provided more than a body for the company. Which is the case for me. I also understand the need for the higher wages the new employees will be earning. Seems to simply be a market value thing. We need people badly, so it only makes sense you would offer more money to draw people in. I can respect that in conjunction with my current wage considering the effort I put in and all I offer. + +I really appreciate the advice, the kind words, and you sharing your experiences with me. I needed to hear *all* of it. It has helped me in so many ways. This post will literally change my life, even outside of my job. I won't be replying to many more people, but I will be reading every comment. + +Sorry for the wall of text. Considering what this has all meant to me, I felt the need to express it. + +Take care everyone, best of luck to you and yours. I appreciate it, so much. +What do you guys think is not only the best city to live in, but also to invest in? + +Ton of markets constantly making the 'top list' that I could never see myself living in let alone visiting. But if you were to pack up and move to a fun new up and coming city, what would your choice be? +Let's suppose that I make 100k a year at my current job that I really enjoy. I am working on cutting-edge projects, have a great manager, am given freedom to do my job on my own time, and is seen as somebody who is a top performer and likely to become a team lead down the road. In short, the job is great and i'd rather not leave the company. + +On the other hand, I receive about 2-3 requests a week (for at least 6 months now) for interviews working at different companies where I would be a team lead and make, say 150k a year. 50k increase! The projects and technology will still be interesting, but am not sure that culture & environment would be as good. To be honest, It is extremely rare for someone my age to have the amount of experience that I do, which is what puts me in demand. + +Now, my manager knows this and always tells me about how I have great things coming down the road for me and I believe him. He hasn't let me down so far and I believe we have a great relationship. I really would like this \*hypothetical\* increase in salary, but would like it while staying at my current company. I have never acted on any of the many interview requests b/c I know I like working at my current company. I do not want to go down the route of getting the offer first, and then negotiating with my current company; I feel that may alienate my manager and not be good for my longevity at the company. I know that they want to keep me, so I am wondering how to bring this up with my manager without making them feel like I am planning on leaving (I would love to work at this company forever, as long as they keep rewarding me with more responsibilities and pay!). + +How should I talk to my manager about the fact that I am being contacted by other companies who are willing to value me more and give me greater responsibilities, without threatening to leave and ask for the raise at my current company? + +(Numbers used aren't accurate, but % increase is) + +Thank you! +Looking at the world people really don't care what goes on in the background. Our phones and trainers are made by exploited child workers. We buy en mass from unethical companies like Nestle, Shell etc. I know exactly how Amazon treats it workers yet I buy things from there every week. + +I hear it echoed on here quite often that x crypto is no good because it's too centralised. The reality is that most consumers don't really know what that means or why it's good or bad. Even if they do most people will still happily choose a cheaper product without caring about that too much. In an ideal world the decentralised cryptos would win but we need to face the fact that in the future some of the most popular cryptocurrencies will likely be centralised. +I have seen a lot of posts recently from people waiting for “a dip” before investing (more) into Ethereum. Usually the target is somewhere in the $190-$200 range. At a current price of $245, I’m fairly confident that waiting for a 20% drop is the wrong strategy, and I’m going to attempt to convince you of that in this post. + +First, as an investor in cryptocurrency, I’m going to make a few assumptions about you: + +* You believe that cryptocurrency as a concept is going to grow in the long-term, i.e. you are looking to buy-and-hold. +* You favor maximizing return over minimizing risk, assuming there is an acceptable level of both. Otherwise, you would be diversifying instead of dumping cash into a single currency, and you would use dollar cost averaging to buy-in instead of timing the market. + +Now, a few global truths about investing: + +* Hindsight really is 20/20. Yes, there are periods of time at which a sudden large drop in price allowed people to buy-in and see a larger gain than those who bought prior. However, these opportunities are few-and-far-between, and usually follow bad news (scandal or technical problem). Assuming there are such events in ETH’s future, are you _really sure_ you’ll feel as bullish then as you do today? +* With volatile assets, short-term risk is inevitable. You may assume that you are not taking on risk until you hit Buy; that’s not the case. As soon as you mentally establish an intent to buy, but decide to wait, you are immediately risking missed gains. If the asset grows (as you believe it will), then those gains are most likely to be positive. + +Now I’m not going to explain why timing the market is a fool’s errand, I’ll leave that to [this Boglehead’s article](https://www.bogleheads.org/blog/bogleheads-principles-never-try-to-time-the-market/). Regardless of how you feel about Bogle, it’s hard to argue with the historical data. And while this particular article is based on the stock market and not cryptocurrency, the ideas are the same because the expectations are the same (stocks are expected to trend up in the long-term, and you expect crypto to do the same as we established above). + +Essentially, in the long term (you’re holding, remember?), time-in-the-market almost always beats timing the market because almost no one is able to consistently time the market -- there are too many variables at play, and you never know what is going to happen tomorrow. + +If you have a target price at which you want to buy (-20%), but ETH never falls to that price again, you risk holding onto cash indefinitely -- which has far worse returns than even bad market timing. Looking at Bitcoin, if you decided in January 2015 you would buy BTC after it dropped 20%, you still would not have bought-in. There are only a few periods over which a 20% drop actually occurred since, and the time windows are very narrow (a week or less between peak and trough). + +If you buy into this reasoning, then it follows that investing today will, on average, produce better returns than investing tomorrow. You still want to maximize those returns, right? + + +### But we’re in a bubble! The market will correct itself any day! + +That could very well be. It could also be that we are at the start of a much larger peak; one that makes the current growth curve look like a tiny bump a few years down the road (and makes VB the wealthiest person alive… lucky guy!). I think the strongest evidence against a bubble is the growth of the cryptocurrency industry as a whole. The combined market cap of the top few currencies a year ago is in the $10B range. Today, it’s over $60B. That is a lot of new money entering the industry -- i.e. it’s not just Bitcoin converts driving up the price of ETH. Cryptocurrency as a whole is getting a lot more mainstream exposure, and attracting new investors (like myself). If you feel this is likely to continue, then the bubble argument is less compelling. + +But who really knows? Answer: neither me nor you. + + +### But I did X and it has worked for me! + +By the way, you can pretty much discount any advice about cryptocurrency that is backed-up with “it worked for me”. Let’s ignore the obvious [pragmatic fallacy](http://rationalwiki.org/wiki/Pragmatic_fallacy) and look at Bitcoin's price history: + +http://imgur.com/TZih5wn + +You’ll notice that it is higher today than any point in its history. Despite its issues, Bitcoin has grown tremendously over time; there is literally not a single point in time at which you could have invested in Bitcoin and lost money assuming you bought-and-held (barring hacks). Therefore every investing strategy that someone could have used to buy Bitcoin would have “worked for them” in the long term, assuming they held. Returns are expected when the market goes up; it is only interesting to look at cases where buyers beat the market, and how many actually bother to show evidence of this? + + +### But what if you’re wrong? + +I didn’t write this post with the intent of predicting the ETH market. I can’t do that; instead my goal is to explain and exemplify why timing the market doesn't work. Even if ETH drops 50% tomorrow, this advice doesn’t become “wrong” -- it’s the market defying our own expectations. Enjoy the cheap Ether while it lasts, and regardless, enjoy them long-term gains. + + +### Finally: The psychological component of investing + +Trying to time the market can cause a lot of stress. Before you buy, you’ll worry that it’ll never drop to where you want it. Then after you buy (assuming that happens), you’ll worry that you bought to soon. Even if it starts going up, you’ll still worry that it’s just temporary. + +Once I came to accept that timing the market doesn’t work, investing became a lot more enjoyable for me. Whenever I have some spare cash, I throw it in a market and forget about it. Down the line I’ll come back and take a look, and since the market always goes up (eventually!), I’m always happy with the results. +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! + +# Introduction: + +Good morning/evening everyone. The poll is about to close out so I'll be doing the other stock reviews here soon based on the results, but anyways, Intel was one of the stocks requested in the comments by [hhh888hhhh](https://www.reddit.com/user/hhh888hhhh/), so let's take a look. + +Let's start by taking a look at the business model. + +# INTC - Intel Corp: + +It is one of the the world's largest and highest-valued semiconductor chip producers. Intel supplies microprocessors for computer system manufacturers, produces motherboard chipsets, network interface controllers, integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing. + +Intel breaks itself down into the following segments: + +>**- Client Computing Group** – produces hardware used in desktop and notebook computers +> +>\- **Data Center Group** – produces hardware used in server, network, and storage platforms +> +>**- Internet of Things Group** – offers platforms designed for retail, transportation, industrial, buildings and home use +> +>\- **Non-Volatile Memory Solutions Group** – manufactures NAND flash memory and 3D XPoint, branded as Optane, products primarily used in solid-state drives. +> +>\- **Intel Security Group** – produces software, particularly security, and antivirus software. +> +>**- Programmable Solutions Group** – manufactures programmable semiconductors. +> +>The YoY growth of these segments can be found [here.](https://www.intc.com/segments) + +**Strengths:** + +>\- Intel’s core business has broad exposure to growing market segments, particularly: cloud, data, artificial intelligence and the Internet of Things. +> +>\- The company is successfully migrating from a PC-centric business to a data-centric business +> +>\- Intel stock is very cheap right now (P/E 8.9 November 2020), this could potentially lower the risk profile and boost rewards potential. +> +>\- They have been very strategic with their previous acquisitions. +> +>\- As we will see when we look at the financials, their books up to the start of 2020 are solid. + +**Risks:** + +>\- INTC is immersed in a semiconductor market that, while having stronger long-term growth potential, is highly cyclical. Big up years are followed by big down years. This is just the result of supply/demand cycles in the market. +> +>\- Intel is gradually losing market share to Advanced Micro Devices (NASDAQ:AMD), NVIDIA (NASDAQ: NVDA), and other competitors. (NOTE: AMD & NVIDIA will not be discussed here, this post is for INTC)\*\*\* +> +>\- Litigations. This is common for corporations this size. For intel it is mostly antitrust lawsuits. + +\*\*\*Interesting note about AMD in the next section. + +# Financial History: + +Something that was really interesting is, after going through a bit of Intel's 10K I got curious and checked out AMD as well. Right in the very beginning AMD has this as their disclaimer: + +>***Intel Corporation’s dominance of the microprocessor market and its aggressive business practices may limit our ability to compete effectively.*** +> +>Intel Corporation has been the market share leader for microprocessors for many years. Intel’s market share, margins and significant financial resources enable it to market its products aggressively, to target our customers and our channel partners with special incentives and to influence customers who do business with us. These aggressive activities have in the past and are likely in the future to result in lower unit sales and a lower average selling price for many of our products and adversely affect our margins and profitability. + +That really says a lot about the stength Intel Corp has in this market. Incase anyone is curious, [here is the source.](https://www.sec.gov/Archives/edgar/data/2488/000000248817000043/amd-12312016x10k.htm#sC2A00DC72E841F4EC97A655066A6893F) Risk Factors, page 13. + +Anyways let's look into the financials over the last 10 years. + +|Year|Revenue|EBITDA|Debt|Debt / Earning| +|:-|:-|:-|:-|:-| +|2011|$53,999|$23,571|$10,800|0.5| +|2013|$52,708|$20,323|$16,418|0.8| +|2015|$55,355|$22,713|$25,511|1.05| +|2017|$62,761|$26,179|$34,673|1.3| +|2019|$71,965|$32,861|$33,285|1.0| + +The revenue has increased an average of 3% YoY, the earnings has increase right along side this. Best has increased gradually, nearly x3 over the 10 years, but it is still only 1x the earnings. Very healthy, especially when we jump into this next section and talk about the cash flow. + +|Year|Cash Flow from Operations|Capital Expenditures|FCF/E Ratio| +|:-|:-|:-|:-| +|2011|20,960|10,764|15,370| +|2015|19,020|7,326|21,168| +|2019|33,145|16,213|17,697| + +Cash flow from operations has increased about 5% YoY over the decade, their CAPEX has increased by an average of 5% as well. $33 Billion in cash flow is pretty crazy, especially considering they still have half of that left over after Capital Expenditures. They have been using the excess cash flow to pay down some debt (\~750 Million in 2019), dividend out, and buy back shares. Over the decade the outstanding shares have decreased by 2% YoY from 5,256 to 4,417. + +What is crazy is that Intel is trading at about an 8x multiplier. Their P/E puts them in a nice range for this to be a very strong value play as well, especially considering they are already well established in a sector that is growing rapidly. + +# What are their plans for the future? + +Intel's intentions are to establish a lead in key technologies that are fundamentally changing computing and communications today and for tomorrow. + +Their priority areas for continued growth: + +* Cloud Services +* IoT (Internet of Things) +* Artificial Intelligence + * Intel is acquiring SigOpt to Scale AI Productivity (October 2020) +* 5G +* Intelligent Edge +* Autonomous Driving Technology + +How they intend to deploy their capital: + +* Investing into R&D to strengthen their competitive position. +* Strategically invest/acquire companies to stimulate data-centric growth. +* Return cash to shareholders through dividends and stock buybacks. + +# Current Dividend History: + +Intel Corp has only had 6 years of Continuous Dividend Growth at this time. + +NOTE: Current for November 2020 and very likely to change. + +|Current Annual Payout / Share|$1.32| +|:-|:-| +|Yield|2.81% (Based on $47.01 Price Nov 2020)| +|10 Yr Div Growth Rate|\-| +|3 Yr Div Growth Rate|7%| +|1 Yr Div Growth Rate|6.6%| +|Current EPS Payout Ratio|24.26%| + +From a dividend growth standpoint, the payout is very low, however their growth is extremely promising given the low payout of only 24.26%, and the fact that this company produces gobs of free cash flow. + +Let's project what the Annual Dividend Payout could be using a 7% constant growth rate. (NOTE: Just an estimate, not a guarantee of what could happen) + +|Year|2021|2022|2023|2024|2025| +|:-|:-|:-|:-|:-|:-| +|Payout|$1.41|$1.51|$1.61|$1.73|$1.85| + +# Closing Thoughts: + +At its current price, with the strong financials, and overall excellent business growth prospects, this stock would best be considered a really strong value play. The dividend is there and there is very strong potential for growth, however the payout is still a bit low. Now for a very long term hold, this could be an excellent entrance price, especially if they were to start increasing the dividend growth rate as they increased their cash flow. + +I hope everyone found this post interesting, please supplement this with your own research. There are always more risks that need to be considered, additionally it is always smart to **read opposing views, don't just read what will validate what you want to believe about a stock.** + +The poll ([It can be found here](https://www.reddit.com/r/dividends/comments/jxs9uy/which_of_the_following_would_you_like_to_see_a/?utm_source=share&utm_medium=web2x&context=3)) will be closing out soon, so the 2nd place and last place will have their reviews written as time allows. There were some requesting a review for Realty Income (O), it will be done likely after the other 2 or whenever, evaluating REITs is a bit of a different process due to their required 90% payouts. + +As always, thanks for reading, and have a good day/night! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +NY - since earlier this year my landlord has been claiming that I didn't pay my rent for one of the months in 2020. I have rent auto-payment set up through my bank (Chase). So far, I've spoken to 4 people at Chase, and thus far they've only been able to provide me with an image of the check that they say was sent. They're saying they can't provide proof of when, where, or even *if* it was deposited, other than the fact that the funds were not returned to my account, which would have happened had the check not been cashed after 90 days. I sent the check image to my landlord, who says they have no record of that check. I don't know what my next steps are. As far as I'm concerned, I paid this rent like I have every other month, so it's not like I'm just going to cut another check for the same amount because my landlord said so. What else can I do, or who else can I speak to, to resolve this? +https://www.cnbc.com/2019/09/10/david-faber-wework-ipo-full-speed-ahead-roadshow-to-kick-off-monday.html + +The WeWork IPO is full speed ahead, sources familiar tell CNBC's David Faber. + +The roadshow for the We Co., the startup's parent company, is set to kick off as soon as Monday, sources say. + +WeWork's roadshow flies in the face of reported advice from its investor SoftBank, which urged the We Co. to shelve the IPO. +A lot of people on this sub have been sounding pretty depressed, anxious, scared about their portfolios in the past week or so. This is a friendly reminder that if you were shitting your pants during this morning's sell off you may have way more risk than you can tolerate. You may want to take advantage of this afternoon's bounce back and sell out of some of your more speculative and risky penny stocks and pick up some more stable investments like index funds, broad ETFs, quality companies (banks, life cos, energy etc etc) so that you don't truly lose your shirt. +Interesting development... + +https://www.rgj.com/story/money/business/2018/01/23/industrial-park-houses-tesla-gigafactory-nearly-sold-out-after-blockchains-deal/1059002001/ + +" Blockchains LLC, is purchasing 64,000 acres at the Tahoe-Reno Industrial Center, with the deal expected to fully close by the first week of February, said Lance Gilman, principal and director of the industrial park. + +The industrial park that plays host to Tesla, Google and Switch in the Reno area is almost sold out as a blockchain software company is finalizing plans to buy more than half of its land. + +The company specializes in financial services, security, software and apps using blockchain technology — a secure digital ledger or record that is typically associated with cryptocurrencies such as Bitcoin. Blockchains LLC specifically deals with the Ethereum blockchain, which anchors the second-biggest cryptocurrency in the world. The Ethereum cryptocurrency is only trumped by Bitcoin in terms of market cap." + +" Blockchains will use 150 of the acres it purchased at the industrial center to build a campus park that will house the company’s headquarters, Gilman said. What the company will do with the rest of the land remains to be seen. + +“I believe they’re going to showcase to the world everything that the blockchain technology is capable of,” Gilman said. “Now will they do all the work themselves or work with other developers to house other users? Only time will tell.” + + +Hi Everyone, + +I’m interested in the structure of companies like BRK, and how they pay taxes. If, for example, Buffett decides to move cash from See’s to BRK to invest, or maybe give the cash to GEICO, how does that work? Is it in the form of dividends? Or just regular cash transfers between divisions? And if so do they have to pay a dividend when moving cash from one subsidiary to another? + +Thanks a lot +https://www.bnnbloomberg.ca/canada-sheds-record-1-01-million-jobs-in-march-1.1419622 + +Also, the US FED is a market manipulator. Printer goes brrrrrrr +Hello, + +I am a single human based in Germany, who is originally from another EU country (Portugal). + +I have saved little bit over 100K euros over the last decade (not sure if this is a decent amount \[?\]) but due to corona I was recently laid off, so I am currently receiving unemployment $. This break has propelled me into the inevitable question: how can I put my money to work for me and retire as early as possible? + +I am curious to know from those of you who might be in a similar mindspace/savings, how have you chosen to make your money work for you as of 2021? + What goals have you set for yourself? + +I am not knowledgeable at all when it comes to investing and I would like to understand what are as of 2021 the most reliable and up to date online sources one can possibly access. + +Thank you! +21 yrs old. I come from an abusive household and i was bullied in school. Ive been always called 'retarded', dumb, etc. (Not sure if its important to mention but just saying) After graduating high school, i decided to stay in my room. I havent left the house for 3 years. (But Its NOT mainly because of social anxiety.) I've never learned how to drive and i dont have a car. I live in the middle of nowhere (nearest neighbor is 5 miles). i dont have friends. However this year i decided to get better. Its a slow process but im determined to reach my goals. So for the first time ive reached out to someone. I contacted my mom's friend and she told me she can get me a 9-5 job that pays $11 per hour and she can drive me to work and to a driving school. I told her i'll let her know when im ready and shes understanding about it. Now, Ive got $2000 under my mattress which is my savings. I dont know what to make use of it. I dont have a bank account. I only have my Social security card. How should i start from here? What things do i have to do and prioritize so i can fnally be able to study in college?(yes, thats one of my goals). + +Im not seeking advice in this forum about mental health. I will not be responding anymore to any interrogation about me and my family. Im sorry and i understand that some of you are just concerned but I just really came here in this subreddit to seek advice about how to manage money and financial plans for my situation. It will greatly motivate me to work on improving, so thats why i wanted to have an idea what i'll be doing. Like okay lets say ive finally left the house, whats the next plan? What to do and so on? I know that my questions are dumb for a 21 yr old to ask. But I honestly dont really know anything about finance, banking, taxes, cars, getting education, etc anything associating with public. These things are not simple to me. Sorry + +EDIT: A lot of people assumed i'm a male. I'm a actually a female. + +Edit 2: wow i didnt realize my post will get so much attention. It will be difficult to respond one by one but i just want to let ya'll know that ive been reading each them and checking and taking note of the links and important things. +Im also thankful to all the people who are very supportive and encouraging. I'm sorry i cannot reply everyone but your messages means a lot to me. and i will always acknowledge these thread as a big help to change my life. Ive also found out that some other people had or is been going through similar situation, so i hope they find answers and encouragement as well. I wish yall the best luck and success!!! Thank you +Brand new cryptocurrency. Second week of launch & already creating +huge waves. Currently providing investors around the world the solid +returns & waves of Green in a sea of Red. + +- Exchange listing on Coinbit & P2PB2B (going live Friday) +- Over 15,000% gain since release +- 1450+ holders and growing quick ‍‍‍ +- Liquidity locked for 2 years +- Manual burn TBA +- Globally recognised ambassadors +- Operation "LEX" revealed soon + +So... what does the future hold for WhenLambo? + +- Operation LEX 🤫 + +-Furthermore, we’re developing the foundations for the first of its +kind Crypto Marketing program. Information on this is quite sensitive +at present so we cannot disclose too much. Announcements TBC. + +-Early conversations have also begun for WhenLambo to become a hosting +hub within the Crypto-Gaming space. We’re hoping to have some BIG +announcements on this soon. + +The devs are present in the Telegram and Discord channels and they +will answer any questions transparently.  The community is already +building extremely strong foundations, diamond hands at the ready + +Telegram : https://t.me/WhenLamboFinance +Website : https://whenlambofinance.co/ +OK throwaway account here. + +Kind of a strange and maybe lucky situation im in. + +30yrs old. Software engineer for a startup making $150k/yr. As a side hobby, I got into coding smart contracts for blockchains etc. Through a series of lucky projects, I made $1.5M in the past 3 months - thus bringing my total NW to... Around $1.7M or something around there. + +Note: the $1.5m is in stable coins. Not volatile crypto. + +I've always lived pretty frugally and saved my earnings up just to lose it all following Wall Street bets and leverage trading crypto earlier last year (owie - $600k loss 😢) etc. + +Anyways - I have roughly $300k estimated coming in next month (January) but February is likely to be under $100k. I see this insane income as not sustainable since crypto is largely driven by hype and likely to dry up by March or April of next year. + +I've spent almost none of my earnings. Only just bought a new MacBook, but that's it. Still living in a crappy apartment, wearing free tech shirts I got 5 years ago, driving around in my 20 year old Volkswagen lol. + +Anyways - I'm looking to grow it to a point where I can fat fire and retire. I'm tempted to dump it all into index funds but not sure if that's the best move here. + +My monthly spend is like $5k max. Most of the time, it's actually closer to $3k. My full time job income is roughly $11k/mo after taxes. + +Asking for advice from the community here - what would a realistic goal be for NW and what's the right move here? Stocks? Indexes? Buy multi family homes? My ideal lifestyle is non stop travel so any property stuff would have to be remotely managed. + +(Edit: there's some irony to this. I build and launch crypto coins but will not invest in them lol) +Articles written by Domain and realestate.com have obvious agendas. People on twitter and reddit have even less accountatbility. Theu use selective facts to help their narrative. E.g. spruik the RBA report that a 1% rise in interest rate can trigger a 33% decline in property prices. But those same people object the RBA's other statements e.g. no increase in official rates to at least 2024. Not saying I know - I don't. Bears and bulls will eventually be right but rarely admit when they are wrong. + +For those that have bought recently and worried  - don't stress. Buyers remorse is normal. Do a quick search for some comfort. People get over it and soon enjoy their home. + +For those wanting to buy, do your research and review your finances. Choose a good location that you can comfortably afford and enjoy your house and life. Don't buy a lemon. + +For those waiting for a crash, it'll happen one day. Could be next yr. Could be 30yrs away. Store some cash away, but hedge your bets, just in case inflation eats it away. + +Good luck for 2022. I wish everyone achieve their financial goals. Life is better when everyone is happy. +https://theweek.com/speedreads/861627/warren-buffett-hasnt-stockpiled-much-cash-since-right-before-financial-crisis + +> Uh oh. + +> Warren Buffett, known for being one of the world's most prescient investors, has kept quiet on whether U.S. equities are too expensive at a time when the global economy is slowing, Bloomberg reports. But he's reportedly hoarding a record $122 billion in cash at Berkshire Hathaway Inc., leading to some speculation that he sees a recession on the horizon, or at least is sending some sort of warning. The cash pile is more than half the value of Berkshire's $208 billion portfolio of public companies, and the only time that percentage has reportedly been higher since 1987 was in the years leading up to the 2008 financial crisis. +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. ❤ +Isn't that the meaning of middle class? + + +EDIT: Meant 1996 in title + + +Please don't downvote, i'm new to economics and would genuinely +like to know why this is a bad thing. + +link: http://money.cnn.com/2016/06/28/news/economy/americans-believe-economy-is-rigged/ +Hi everyone. After becoming financially independent many years ago and having retirement on the table at any point so to speak, I find myself in what many would consider a cushy c-level exec role at a job I don't really need per-se, overseeing my industry niche for a medium-enterprise brand. I manage a big team and deal with a lot of interesting personalities, talent, vendors, partners, etc. throughout my day to day, but it's all relatively easy and doesn't require much effort at this point since I know the ins and outs of the industry niche extraordinarily well. I have unlimited PTO and actively pursue my hobbies and dreams and spend a lot of time with my family and friends. + +&#x200B; + +I painstakingly worked through the ranks at many different companies through very junior roles, to mid-level management, to director/VP level, and now to the top over a 20 year career starting in my late teens. So it's essentially on autopilot and honestly doesn't even feel much like work since the industry is and has been a personal passion of mine as well. Being that I have decades of relevant industry experience in a continuously growing field, I find myself wanting to continue applying these skills and passion/desire to a company or team and that's why I haven't pulled the ripcord just yet. + +&#x200B; + +However... Almost suddenly it seems (last 6-12 months perhaps?), I am suddenly appalled and almost disgusted by the amount of corporate bullshittery that exists in today's world and corporate environment. It's just mind blowing to me that people are willing to work under these conditions. The push for clueless CEOs to get everyone back into a clunky old office, the constant desire to micromanage and check-in on every single little thing everyone is doing, the endless financial engineering and hacking away to save $0.07 cents per unit sold, numerous blatant HR violations and slandering of employees and staff, the constant talk and actively performing layoffs (while giving others raises at the same time), general mis-management of teams and performance, a lack of understanding and just flat out bad ideas coming from around the table (i.e. investors, partners, other leadership, etc.). I am financially independent from re-investing all my earnings into real estate, investments, bonds, and such; and of course always saving more than I spend so I have no problem up and leaving but it just feels like every company these days has reached peak corporate slavery where the nonstop back to back meetings all day and all week are constant. I don't attend 3/4 of them but watching people become so frustrating over continually attending these force-fed meetings is tough to observe. + + +I am trying to decide which direction to take, whether it's to find a more relaxed company with less exposure to some of these factors (smaller company, perhaps?) but I am not convinced that it's possible; I think every org will have some collection of these negative factors that make working for them disheartening. Maybe taking a step back and going more mom & pop or family ownership is a good direction? Of course the obvious answer is to start my own company; but also requires quite a bit of sweat equity to get involved with something intelligent and to run it in a passionate + profitable way. + + +Has anyone else been feeling these pressures lately? And if so what direction did you take or planning to go? Are you trying to start your own gig on the side and grow it into a self-sustaining business? Tough it out at your current role until "things get better"? Switch roles to another company? +I see this comment in almost every thread as if it's some kind of authority + +Either you're lying, or you're a really bad investor. Former or latter, everyone should ignore whatever comes after it + +BTC has gone up over 8000% in the last five years + +ETH has gone up almost 30,000% in the last five years + +If you were heavy into crypto and had half decent advice to offer, you would be in a tropical paradise and way too busy with coke and hookers to come to this cesspool of moon farming +https://www.bls.gov/cpi/ + +Press release: https://www.bls.gov/news.release/cpi.nr0.htm + +> The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent +in June on a seasonally adjusted basis after rising 0.6 percent in May, the U.S. +Bureau of Labor Statistics reported today. This was the largest 1-month change +since June 2008 when the index rose 1.0 percent. Over the last 12 months, the +all items index increased 5.4 percent before seasonal adjustment; this was the +largest 12-month increase since a 5.4-percent increase for the period ending +August 2008. + +> The index for used cars and trucks continued to rise sharply, increasing 10.5 +percent in June. This increase accounted for more than one-third of the +seasonally adjusted all items increase. The food index increased 0.8 percent in +June, a larger increase than the 0.4-percent increase reported for May. The +energy index increased 1.5 percent in June, with the gasoline index rising 2.5 +percent over the month. + +> The index for all items less food and energy rose 0.9 percent in June after +increasing 0.7 percent in May. Many of the same indexes continued to increase, +including used cars and trucks, new vehicles, airline fares, and apparel. The +index for medical care and the index for household furnishings and operations +were among the few major component indexes which decreased in June. +I know AT&T and dividend yield vs dividend growth get brought up a lot on here, but I think it's important to reiterate the following idea, especially for newer investors. Let's do a quick comparison between 2 stocks that have performed very differently over the past 10 years: AT&T (T) and Home Depot (HD). For this example we'll only look at dividends collected, not total return (although HD's total return was enormous due to stock performance). We'll compare from both a DRIP perspective and simply collecting the dividends to spend or reallocate elsewhere. All examples will use a $10,000 starting investment. + +### Dividends paid out over 10 years **without** DRIP: + +| Comparison | HD | T | +|---------------------|----------|---------| +| Div/share 2011 | $0.94 | $1.73 | +| Div/share 2020 | $5.44 | $2.08 | +| Annual Payout 2011 | $337 | $588 | +| Annual Payout 2020 | $1,942 | $708 | +| Tot Div over 10 yrs | $8,863 | $6,497 | + +### Dividends paid out over 10 years **with** DRIP: + +| Comparison | HD | T | +|---------------------|----------|---------| +| Div/share 2011 | $0.94 | $1.73 | +| Div/share 2020 | $5.44 | $2.08 | +| Annual Payout 2011 | $343 | $610 | +| Annual Payout 2020 | $2,414 | $1,194 | +| Tot Div over 10 yrs | $10,350 | $8,720 | + +### Dividend Growth Rate Comparison + +| Dividend Growth Rate | HD | T | +|----------------------|----------|---------| +| 10 Year CAGR | 19.71% | 2.21% | +| 5 Year CAGR | 23.68% | 2.09% | +| 3 Year CAGR | 25.38% | 2.04% | + +Note that HD's forward dividend was also increased to $6.00 and T's is still $2.08. + +HD isn't the only stock highlighting the powerful effects of a high dividend growth rate. A quick glance without factoring in DRIP also shows Broadcom (AVGO) paying $16,616 over the past 10 years and AbbVie (ABBV) paying $6,876 over only 8 years. All of these companies (HD, AVGO, ABBV) have also beat the overall market in terms of growth during those times. In many cases these high dividend growth stocks will pay more than high yielders once you hold for long enough. + +This post is just an example of why its important to take all factors into consideration when investing. It's a good idea to determine if you want/need the dividend income now or later, as your choice can have a big impact on your future compounding. Someone retired/retiring soon may still opt for T since they don't have the time to wait for a stock like HD to catch up. + +*All data taken from FastGraphs and Seeking Alpha* + +BETTER LATE THAN NEVER EDIT: This post isn't saying to buy HD, its showing the contrast in performance between high and low dividend growth over a decade. Ideally you would want to find the next company(s) that will perform like HD, as a repeat of its performance wouldn't be very likely. +[https://www.reuters.com/markets/europe/german-annual-inflation-rate-10-september-business-insider-citing-govt-sources-2022-09-29/](https://www.reuters.com/markets/europe/german-annual-inflation-rate-10-september-business-insider-citing-govt-sources-2022-09-29/) + +[https://www.investing.com/economic-calendar/german-cpi-737](https://www.investing.com/economic-calendar/german-cpi-737) + +German CPI inflation jumped to a whopping **10.0%** in september (from 7.9% last month). + +Tomorrow we'll get Eurozone inflation which most likely will also come out much higher. + +Expect more pressure on ECB and Lagarde to hike alot more and also faster. + +**Update: ECB policymakers back jumbo rate hike as German inflation soars above 10%:** + +[**https://www.reuters.com/markets/europe/ecbs-simkus-joins-camp-supporting-75-bps-oct-rate-hike-2022-09-29/**](https://www.reuters.com/markets/europe/ecbs-simkus-joins-camp-supporting-75-bps-oct-rate-hike-2022-09-29/) +Hi, + +I was wondering, if 97% of Day traders lose money.. Are you in the 3% part ? (I'm only talking about Day trading, any money you make with investing for example, doesn't count) + +Not to make anybody ashamed of their performance, I'm just wondering. +**Please mods! Do never allow any gain porn or sell orders shown on this subreddit.** +**This will ensure that holding once we lift off will be ensured.** + + +Because, their last stand will be, that they try to bring us to sell by using **gain porn** to indicate that "it's time to sell". They did it last year in Feb in the bets subreddit, they will do it again, as they have no other choice. + + +**Remember, the best holding period has always been forever.** +I personally will never sell more than a single share, and only if the responsible perpetrators are send to jail. + + +Corporate media is already prooving that the applied pressure is working. +We are not the cause of the collapse, but we are the revenge for their greed that has (2008) and will again collapse the markets and the economy. + + +Buy, Hold, DRS +My friend Pete works in tech in New York, and he was interested in making his first real estate investment. He found a 3-unit apartment building in Brooklyn where he’d be happy to live in one unit, and rent out the other two for income. His hope is that he’d get both cash flow and property appreciation driving his investment returns. + +Pete wasn’t sure if he could apply for a residential mortgage to buy this building, or if he needed to pursue a commercial mortgage. He did know that I worked in commercial real estate finance, so he gave me a call. + +“Should I be using a residential mortgage or a commercial mortgage in this situation?” + +I answered, “Well, it depends”. + +## How it depends + +It depends on a couple of different factors. For one, it depends on whether the property will be held in an LLC, or if Pete will own it in his own name. It depends whether Pete has any other investors who will contribute equity capital, or if it’s all his own money. It depends on a few other questions too. Sometimes, you can simply choose which type of mortgage loan to take out against the property. Here’s how to choose: + +#### Pros of a residential mortgage + +* Full 30 year term available +* No prepayment penalties +* Non-recourse (you can lose the entire property, but no more) +* Lowest rates + +#### Cons of residential mortgage + +* Cannot use in an LLC +* Messy if you have co-investors +* Cannot be used for mixed-use property (like having a retail store on the ground floor) + +#### Pros of a commercial mortgage + +* Borrower can be an LLC +* Underwriting more directly tied to property income +* Property can be mixed-use + +#### Cons of a commercial mortgage + +* Loan comes due before fully paid off (“balloon payment”) +* Somewhat higher rates and fees +* Can include prepayment penalties +* Can include recourse (you can lose even more money than what you put into the property) + +## Limits of a residential mortgage + +We’ve already stated that you can’t use a consumer mortgage for an LLC or a mixed-use property. But there are a few more limits to note: + +* A residential mortgage is **limited to properties up to 4 units**. If the property has 5 units, you’re required to apply for a commercial mortgage. +* One person may only serve as guarantor on a **maximum of 10 residential mortgage loans**. + +Oh, what happened with Pete? He ended up pursuing a consumer mortgage (synonymous with residential mortgage) in order to secure the lowest possible interest rate in this case. +[https://www.theverge.com/2022/4/29/23048161/twitch-revenue-split-cut-report-bloomberg-streamers-complain](https://www.theverge.com/2022/4/29/23048161/twitch-revenue-split-cut-report-bloomberg-streamers-complain) + +***As*** [***reported by Bloomberg News***](https://www.bloomberg.com/news/articles/2022-04-27/amazon-s-twitch-seeks-to-revamp-creator-pay-with-focus-on-profit?sref=ExbtjcSG)***, Twitch is considering a number of changes to increase the revenue it collects from its most popular streamers. These include encouraging streamers to run more ads; reducing revenue share for streamers from 70 percent to 50 percent (a favorable deal only available to some of the platform’s biggest draws); and introducing a new tier system allowing streamers to graduate through different revenue splits based on set metrics.*** + +In an attempt to take a larger bite from the apple, Amazon is looking to *squeeze* influential Twitch streamers. In doing so, Twitch will degrade their product, alienate their streaming partners, and reduce their market share in the streaming space. + +That's where you favorite dying retailer comes in. + +RC & Co. should be using our newly raised $1B cash in part to build internally (or acquire an already established platform) to fill the void Twitch is about to create. + +# Build it and they will come. + +&#x200B; + +&#x200B; + +[\(cum\)](https://preview.redd.it/exiyqzo2enw81.jpg?width=652&format=pjpg&auto=webp&s=e8eb5acc3b60e5b7d9e4778a92be259b8349b2db) + +&#x200B; + +It is estimated that as of 2020 Twitch is bringing in over [$2 Billion](https://www.businessofapps.com/data/twitch-statistics/) of revenue to Bezos. If GameStop can incorporate a community-building streaming platform into their business, the company's other revenue streams would be supplemented well. + +For example, we know GameStop is expanding its [PC Gaming Selection](https://www.digitaltrends.com/dtdeals/gamestop-pc-gaming-selection-gets-better-october-2021/), and testing [PC LABS](https://www.gamestop.com/pclab-store-event.html). + +GameStop can leverage their partnerships throughout the video game, metaverse, and NFT industries to create a hub, a one-stop Gaming Stop, for streamers to establish communities on the GameStop platform. The streaming platform will also be home for all things [E-Sports](https://www.gamestop.com/esports), an industry that is growing rapidly worldwide and a niche GameStop will continue to invest in. + +[https:\/\/venturebeat.com\/2020\/02\/25\/newzoo-global-esports-will-top-1-billion-in-2020-with-china-as-the-top-market\/](https://preview.redd.it/e45cjpqzfnw81.jpg?width=750&format=pjpg&auto=webp&s=3fba5aba0ba9ab6644274d9f7e7614e872585941) + +The GameStop streaming platform will also have an immediate source of interest from GameStop customers, because as we know, there are nearly 6M dues-paying [PowerUp Rewards Pro](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-year-2021-results) subscribers. + +&#x200B; + +https://preview.redd.it/pvyavdq2hnw81.jpg?width=1384&format=pjpg&auto=webp&s=4929a143b7e71f5bdcd7eeaa19020ba2256c9663 + +Obviously it is not free to maintain a platform like this and it may require a significant expenditure of capital to get the project off the ground and maintained. The company has a perfectly clean balance sheet and limitless flexibility to finance such a project. + +A GameStop Twitch-like platform that treats its creators with dignity, delights customers, and augments their other product streams would be a great way for GameStop to increase shareholder value. +How can an Indian resident who wants to diversify invest in a foreign currency for the long term? I am thinking specifically of the CHF which has a 4.9% CAGR against the INR over the last 17 years. It is a currency whose value the Swiss National Bank is struggling to keep low so it should be a good investment. +Every Friday evening seems to be a mini stimulus from our FM - Nirmala Sitharaman, a bandage here, a tax cut there. No comprehensive policy change or approach. If you thought Jaitley was bad, she is even worse. + +[https://economictimes.indiatimes.com/news/economy/policy/nirmala-sitharaman-real-estate-home-buyers-divestment-exports-economic-booster-key-highlights/articleshow/71124238.cms](https://economictimes.indiatimes.com/news/economy/policy/nirmala-sitharaman-real-estate-home-buyers-divestment-exports-economic-booster-key-highlights/articleshow/71124238.cms) +https://www.motortrend.com/news/tesla-general-motors-ford-shares-analysis-car-wars/ + +>Tesla has held about 70 percent of the EV market share in recent years. That is forecast to drop to a mere 11 percent over the next four years, says John Murphy, the Bank of America analyst behind the annual Car Wars report that looks at the auto industry and predicts which companies are on a winning path and which are not. + +>Musk's apparent idea that the supposedly unsophisticated auto industry didn't know how to manufacture came back to bite him when he learned firsthand how hard it is to make cars, learned that those legacy techniques work, and was forced to adopt them. "That was a big miss on his part," Murphy says. + +I have said before that I won't touch Tesla stock either way, because underestimating has proven a mistake, even in the face of obvious headwinds... but other manufacturers are releasing _135 EV models_ over the coming years, so something is going to stick. We've already seen demand exceeding supply for the F150 and Mach E. + +>"He is launching new product at a slower rate, he does not have a full product portfolio, so there is a huge opportunity for other competitors to shoot the gap and catch up," + +Tesla does not have a real SUV, they have hatchbacks. There is a huge market miss there. They don't have a truck, and that is a _huge_ moneymaker for auto manufacturers. They don't have anything compact or "cheap." + +It's important to note after all of this that the share of cars being EV is increasing, so even with falling market share expect their production to increase. But I don't think it's going to be 90% of the market as some Tesla bulls predict. + +Tesla's EV market share in Europe declined from 31% in 2019 to 13% in 2020. Last month it was 10% market share. A declining share can happen. +Overheard a conversation in the office on Friday morning a couple of cubicles up. A coworker, probably in her late 40’s, asking another coworker about the same age, how to transfer all her stock to bonds on the 401k website. The second coworker then describes click by click how to do it, while also getting rather angry at her (as a friend) for not doing it earlier as she had done. + +“YOU HAVE TO GET OUT OF STOCKS NOW” she almost yelled. + +I couldn’t believe what I was hearing. The market at that point was down around 20%? And here this person was about to eliminate a substantial amount of what could potentially be her life’s savings. And her friend presumably had already done the same. + +The more I thought about it, the more depressing it got. I realized they could have possibly done the same thing a number of times in the past. Each time they could have exited the downturn with much less than they’d started with. If they were still in stocks at this point, they must buy back into stocks at some point after the carnage. And all this essentially represents how they understand the markets, and how they believe one should invest. And it made me realize how scared someone like that must be about their investments and retirement, to think that at any time, the markets could tank and you simply just loose years of savings because of it, nothing you can do about it. + +Anyways, for a bit I attributed this to them simply not being that bright. But I began to think, what if I didn’t have groups like these? What if I didn’t have smarter people crunching the numbers, running the projections, doing unbiased research (hopefully lol), that I so easily get to benefit from? What if the only access I had to financial advise was through some shady financial advisor company or some relative? I could have been like them. + +Anyways, just thought I’d share. One of those moments that just blow you away and make you incredibly grateful at the same time. +So I just got an email from a recruiter with the following job description: + +&#x200B; + +J**ob Title: Operations Analyst I (11874582)** +**Work Location: UNJ0001 525 Washington Boulevard Jersey City NJ 07310 ( Onsite job)** +**Rate: $43.47/hr on W2   ( We can not work on corp to corp)** + +**Contract: Long Term Contract** + +**Main Responsibilities:** + +* **.** +* **Trade Comparison** + * **Clean up on all DTC unaffirmed Prime Brokerage trades, by liaising directly with Prime Brokerage Clients and executing broker’s Middle Office and Settlements teams** + * **Clean up all unmatched international (ie, non US trades), by liaising directly with Prime Brokerage Clients and executing broker’s Middle Office and Settlements teams** +* **Fail Monitoring** + * **Track and resolve all open fails, by liaising with Prime Brokerage clients, internal settlements teams, executing broker’s Middle Office and Settlements teams, Corporate actions and stock loan trading desk and operations** +* **Trade Amendments and Static data updates** + * **Make appropriate amendments and corrections to US and non US trades to amend misbookings.** + * **Request client, executing broker specific updates to static and referential data to ensure BNP Prime Brokerage and Arb RM are instructing with accurate settlement information vs the specific legal entity of the execution counterparty.** +* **Client Service / Customer Support** + * **Act as an operational point of contact for both external Prime Brokerage clients and internal departments to resolve open items  related to unffirmed / unmatched trades, client reports, fails, static data,  and any other operational issues.** +* **Work with Front Office, P&L, Back Office, Third party vendors, and Application Support to resolve operational and booking issues** +* **Monitoring of operational risk by providing proper Front Office Support and ensuring the risk of fraud is set to a minimum** +* **Ensure accurate trading positions in FO system, the daily goal is to correct all discrepancies originated by system bugs, input mistakes, information loss** +* **Manage real-time trade booking exceptions internally between the trading desk and sales force** +* **Assist with project initiatives designed to improve and streamline existing processes** +* **Mitigate risk by reconciling discrepancies between the trading desk’s positions and the firm’s books and records** +* **Participate / assist in event processing and have a full understanding of the life cycle of a trade** +* **Collaborate with technology teams on the implementation of process flow improvements and efficiencies** +* **Contribute to quick resolution of trade issues by liaising with various groups including Front Office, Back Office, IT Team, P&L Controllers and Client Services** +* **Liaise with other Operation functions and other infrastructure groups to support a ‘one team approach** +* **Promote an efficient dialog/discussion with our internal and external partners** +* **Adhere to deadlines and objectives** +* **Where appropriate, ability to maintain and explain own position using logic in the light of differing views** + +**Qualifications:** + +* **BS – Economics, Finance, Accounting or other related field of study.** +* **At least 5 years of relevant financial industry experience.** +* **Strong qualification level in equity derivative markets. Financial market knowledge of derivatives products including TRS, ETFs, Equity Swaps, etc.** +* **Previous experience (1 yr+) in a Derivative Middle office environment or prior experience in working with Trading/ Sales in a financial institution** +* **Proficient in Microsoft Office, especially Excel** +* **Knowledge of various financial markets.** +* **Strong sense of risk and critical thinking.** +* **Maintains high quality of customer service when communicating with clients.** +* **Display good relationship qualities, team spirit, and ability to work cross-functionally.** +* **Proactive and displays willingness to take initiative.** +* **Ability to effectively listen and communicate.** +* **Maintains acceptable response to stress.** +* **Rigorous and well organized** + +&#x200B; + +HMMMMMMMMMMMM + +&#x200B; + +Sure seems like someone is scrambling to reconcile their books on behalf of their Prime Brokerage clients i.e. institutional investors and hedge funds. + +Note this is a LONG-TERM CONTRACT role so it seems they are expecting a lot of work for the foreseeable future. BNP was also recently involved in a money laundering scheme in Gabon but since this specifically mentions derivatives experience I don't think it's related to that. + +Could this have anything to do with Robinhood's recent cost basis fuckery? Perhaps they're not the only ones having trouble unwinding this mess of fraudulent GME shares? + +What do APE think? + +I googled the above and found a few other postings on linkedin so they must be working with multiple consultancy firms. Here is one of them: + +[https://www.linkedin.com/jobs/view/operations-analyst-at-software-guidance-assistance-inc-sga-inc-2540015080](https://www.linkedin.com/jobs/view/operations-analyst-at-software-guidance-assistance-inc-sga-inc-2540015080) + +&#x200B; + +Feel free to rip this apart if you know more; I'm just an ape fighting for the cause of making scumbag billionaires like Ken Kaniff from Connecticut into former billionaires one GME share at a time. + +On a totally unrelated note, but also kinda related, I transferred all of my positions from E\*Trade to Vanguard this week and everything BUT my GME Shares came through, options contracts were fine. + +For some reason, my GME Shares are in the ether but It's too early in the transfer process to know whether fuckery is afoot. I guess I'll know more when I see my cost basis. Will update. + +&#x200B; + +**TLDR: Banks appear to be trying to cover their asses by paying a lot of money to outside consultants to reconcile their likely clusterfucked trade data. Most likely as a direct result of the new DTCC/SEC rules putting pressure on them to do so.** + +**Funny what happens when people do their fucking job 💁‍♀️** + +&#x200B; + +P.S. I reached out to the recruiter to schedule an interview. I'll divulge more info if I make it that far in the interview process lmao + + +Edit: some apes have correctly pointed out that this prob doesn’t mean anything on its own and I agree that’s why It’s just possible DD. + +I still think there’s a lot of recon value given that the language in the description seemed very specific to the discussions we’ve been having here. + +As others pointed out, in a vacuum a job description might just be a standard position they post from time to time but if we start seeing more of these pop up from banks, it can be a kind of canary in the coal mine that banks are scrambling. + +Like a slightly more sophisticated version of the watch the lights on the buildings thing ppl have been doing lol + +To that end, I’m gonna paste u/chuckfina74 ‘s comment below since I think it can turn this info into something more actionable: + +*This is a way tech companies reverse engineer what their competitors are up to as well. + +Databases such as Indeed and Glassdoor are a good place for OSINT. + +“Maybe SWIM should automate tracking financial job descriptions.” + +“I’d focus on contractors, because any company involved in shady stuff is sure as shit going to terminate anyone who finds bad stuff, and it’s easier to “end a contact” than it is to get HR and lawyers involved in FTE terminations.“* +I was lucky enough to sell my business last year, which has been an odd feeling of HNW now vs high income generating before the acquisition. + +Historically I was a big follower of dollar-cost averaging into VOO/VTI types of indexes. Now though, I'd like to shift strategies and become more focused on preservation and reduce risk. The expectation would be 3-5% returns vs 8-10% and retire. Because of this, it would appear that fixed-income investments are more important than the equity market. + +This got me thinking about utilizing a wealth manager who knows more about fixed income heavy investments. Essentially, I don't know shit about investing in the market other than basic indexes which have been great the past 15yrs. + +The con, of course, is the extra .5-6% fee + everyone here seems to think it's not worth it when using indexes. + +Has anyone experienced similar while looking for a diversified portfolio and wanting to hire a wealth manager focused on preservation? + +PS - The reason why I put $10m+ NW, is not to be a dick, but the sentiments are different as liquidity gets higher, especially with windfalls. +We have survived 2020 with our wins and losses. 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We hope to rid the BSC marketplace of this filth through innovative tokenomics and if possible, legal doxing of scammers. ANON launched with an innovative feature, heavy tax on dumpers, and this is only the beginning of our journey. + +Proof Through Action 🔥 + +We are Anonymous 🔥 + +You are Anonymous🔥 + +🤫Less than 2 days old and hit $8,000,000 marketcap. + +Token Information: + +🕵️Name : AnonymousBsc + +🕵️Symbol : ANON + +🕵️Blockchain : BEP-20 + +✅ Liquidity Tokens have been locked for 1 year. + +✅ Contract has been renounced. + +✅ Contract : 0xfd78aaed1e3f2d06dbde9510c6dc14112eca896d + +Official Website is [https://4n0nym0u5.com](https://4n0nym0u5.com/) where you will be able to find the telegram, chart, white pages, discord, and twitter. + +As always please DYOR +I'm looking at buying 20-40 acres in rural Ontario, Canada. I was wondering if it's good to just keep in your portfolio as an asset or if it is lucrative to add some lodging and offer it as a hunting camp? + +This idea is new but I want to add some land to my portfolio and the price seems to be right. Or would this just be me buying something that would lose me money in the long run? + +What are your experiences buying rural acreage? +Thanks to [this post](https://www.reddit.com/r/Superstonk/comments/w7x0h0/selfregulatory_organizations_the_options_clearing/) by u/pin-stop, I saw this [link](https://www.sec.gov/rules/sro/occ-an/2022/34-95327.pdf) to SR-OCC-2022-803 34-95327 titled "Self-Regulatory Organizations; The Options Clearing Corporation; Notice of Filing of Advance Notice Related to an Expansion of The Options Clearing Corporation’s Non- Bank Liquidity Facility Program as Part of Its Overall Liquidity Plan". + +**If I'm reading this correctly, I think this Notice is the OCC asking for permission to destroy pensions and other institutional investors.** + +The Options Clearing Corporation (OCC) \[[Wikipedia](https://en.wikipedia.org/wiki/Options_Clearing_Corporation)\] is a clearing house based in Chicago that operates under the SEC and the CFTC. The CFTC granted [relief on swaps reporting until Oct 2023](https://www.cftc.gov/PressRoom/PressReleases/8422-21) in response to "a joint request received from the Securities Industry and Financial Markets Association \[[Wikipedia](https://en.wikipedia.org/wiki/Securities_Industry_and_Financial_Markets_Association)\] and the International Swaps and Derivatives Association \[[Wikipedia](https://en.wikipedia.org/wiki/International_Swaps_and_Derivatives_Association)\] (ISDA) on behalf of their swap dealers (SD) members" which hides those swaps transactions. + +OCC is submitting this proposal to expand their access to liquidity (aka *money*) because... well, read it for yourself: + +[Page 2: Description of Change](https://preview.redd.it/8ongsg2kqrd91.png?width=1648&format=png&auto=webp&s=b5f54864d39af9c58bee7b5577b827630e39fb7d) + +[Page 3: Description of Change \(continued\)](https://preview.redd.it/j2ywdb1lqrd91.png?width=1684&format=png&auto=webp&s=ff189e2b756e2bf45083d3be65089a69b30081be) + +As the sole options clearing house, "\[i\]n the event of a Clearing Member default, OCC would be obligated to make payments, on time, related to that member's clear transactions. ... **OCC now believes that it should seek to expand its liquidity facility to increase OCC's access to cash to manage a member default.**" + +Let's read that again: + +[Page 3: Description of Change \(continued\)](https://preview.redd.it/cgdj67mjrrd91.png?width=1652&format=png&auto=webp&s=e14fa5a716095b7729648e42ed25e0735d00bd5d) + +**"\[T\]he purpose of the proposal is to provide OCC with another vehicle for accessing cash to meet its payment obligations, including in the event that one of its members fails to meet its payment obligations to OCC."** with a footnote that liquidity shorfalls might occur "from **the failure of any bank, securities or commodities clearing organization**, or investment counterparty to perform any obligation to OCC when due." *Spicy! 🌶* + +This proposal lets the OCC to get cash fast using repurchase agreements: + +[Page 4: Repurchase agreements](https://preview.redd.it/48p1td4dsrd91.png?width=1674&format=png&auto=webp&s=b9c082f5cf5f3a813d56748b22aed16c62a0b726) + +The OCC wants to enter into more Repurchase Agreements with **Pension Funds** and/or Insurance Companies: + +[Page 5](https://preview.redd.it/ellq3kvmsrd91.png?width=1686&format=png&auto=webp&s=5ad563fe9e42900bf2a181a3b1dbf2deeefa6eee) + +Notice that? This proposal is specifically for the OCC to enter into repurchase agreements with **institutional investors, such as pension funds** or insurance companies, *that are not Clearing Members*! + +Do you remember [Kenny putting the blame on retail investors for stealing the pension funds of teachers](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/)? *The question has been how will they screw pensions???* I speculated on this [before](https://www.reddit.com/r/Superstonk/comments/utlh7m/kenny_destroying_teacher_pensions_and_blaming_apes/) and this OCC proposal looks like it puts pensions and insurance companies at risk. + +This proposal is asking for permission to enter into repurchase agreements with pension funds such that institutional investors, like those pension funds, are "obligated to enter repurchase transactions" even if the OCC ~~"experiences a material change"~~ is screwed, "funds must be made available to OCC within 60 minutes of OCC's delivering eligible securities". + +At this point, you might be asking if I'm really reading this right or if I've gone off the deep end. So let's read this section on "Anticipated Effect On and Management of Risk": + +[Page 11: Anticipated Effect On and Management of Risk](https://preview.redd.it/xrvjz94evrd91.png?width=1692&format=png&auto=webp&s=2783c202d23e4acfff9f14059475117da9d11fe0) + +[Page 11: Anticipated Effect On and Management of Risk \(continued\)](https://preview.redd.it/6uibnloevrd91.png?width=1706&format=png&auto=webp&s=dbd564d03b018637ebd9c76768714e5c1870942a) + +That looks like some fancy words for *shifting bags o' shit from the OCC to their Non-Bank Liquidity Facility (e.g.,* ***pensions and insurance companies***) in the event shit hits fan. And, the goal of this proposal is to shift losses **away from OCC Clearing Members**! + +[Page 15: Consistency with the Payment, Clearing and Settlement Supervision Act](https://preview.redd.it/94b8jdr11sd91.png?width=1666&format=png&auto=webp&s=e9b5cd12769689dfbaf37fb59644e471a734b510) + +Fancy words for: OCC needs cash from pension funds to keep operating without liquidating their Clearing Member collateral when shit hits fan. + +# How much money does the OCC need? + +In 2020, the OCC was allowed to get up to **$1 BILLION** from their Non-Bank Liquidity Facility, which they secured from **multiple pensions funds**. + +[Page 6: Background](https://preview.redd.it/ae25fmmwwrd91.png?width=1670&format=png&auto=webp&s=2fcf0bc3cb50393b9f23575e161bc7762da6edaf) + +Things haven't been going very well since then so... they upped their Cash Clearing fund to **$5 BILLION** and are asking for permission to increase they amount they can pull from their Non-Bank Liquidity Facility with **analysis underlying their recommendation in a confidential exhibit**. + +[Page 7: Background](https://preview.redd.it/8vcrbqm4xrd91.png?width=1672&format=png&auto=webp&s=3bbdc084ee84651534b1803b603aede2cf1fcebc) + +Despite not being able to see the analysis, we do see the OCC requesting an **additional $2.5 BILLION through the Non-Bank Liquidity Facility** despite having $15.8 billion (current total Clearing Fund requirement of which $5.5 billion are government securities deposited by Clearing Members) and $8 billion in Base Liquidity Reserves. + +[Page 8: OCC requesting $2.5 B more in liquidity from pension funds ](https://preview.redd.it/bfd943z7yrd91.png?width=1666&format=png&auto=webp&s=4f5a84dce6193479f63ce084fb8a2a7c1ce452bb) + +**TADR:** The OCC is saying their $23.8 BILLION ($15.8 Billion + $8 Billion) may not be enough when shit hits fan, so the OCC is asking for an additional $2.5 BILLION to come from pension funds *first* before they put their Clearing Members money at risk. + +https://preview.redd.it/i04u3ipgzrd91.jpg?width=500&format=pjpg&auto=webp&s=2dc930abfb0965f25099bfb9f8b70e543ed83892 + +*Providing advance notice* is a pain because apes might find out and it's so much easier to do business when you don't need to ask for permission. So, OCC proposing to remove the $1 Billion cap on the Non-Bank Liquidity Facility would also mean removing one of the cases where the OCC needs to file for advance notice. + +[Page 9: Proposed Change](https://preview.redd.it/siwmnei10sd91.png?width=1682&format=png&auto=webp&s=cf83d93c5df105185f34f5367374630317b6d6e5) + +OCC: *Can we please get access to more pension fund money without needing to ask for it?* + +[Pages 12-13: Anticipated Effect On and Management of Risk](https://preview.redd.it/micnmikk0sd91.png?width=1644&format=png&auto=webp&s=a852f1dbb4e6231d2b0b25a8a4987369d3474a59) + +OCC: *We swear this proposed change is just like how we were doing business before because the amount we're using from pension funds won't be less than $1 billion. We got risk under control, trust me bro!* + +# Comments? Don't tell me. Tell the SEC. + +[Page 17: Solicitation of Comments](https://preview.redd.it/aulyqxbi1sd91.png?width=1598&format=png&auto=webp&s=8eab0cbbb1a3a1a107c2ff6242d0a0b73d00fd48) + +Web: [http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml) + +Email: [rule-comments@sec.gov](mailto:rule-comments@sec.gov) (Include File Number **SR-OCC-2022-803** on the **subject** line) + +&#x200B; + +EDIT 1: Another post I did on this ([MOASS Confirmed by Ken Griffin](https://www.reddit.com/r/Superstonk/comments/v26rya/moass_confirmed_by_ken_griffin/)**)** speculating on how making the pensions be the bag holders ultimately shifts costs to taxpayers. + +EDIT 2: Thanks Everyone! RIP Inbox. + +***Clarification***: OCC is requesting permission to do an additional $2.5 billion ***and also to remove the cap so that the OCC can tap the pension funds for as much as they want without asking again***. The second part is probably the most dangerous one as it could theoretically give them access to the [$35 TRILLION in pension funds (as of 2020)](https://www.statista.com/statistics/421729/pension-funds-assets-usa/). A good sized chunk of that $35 Trillion in pension funds is government backed by state and local government meaning taxpayers ultimately foot that bill. +Not financial advice™. +The figures below are conceptual in nature. Right now, I'm just going to spill words into this post, then organise it once I remember everything I've forgotten to explain & notice errors[.](https://imgur.com/a/Ui6A4I2) Maybe. + +LCE = lithium carbonate equivalent. +FM = Fastmarkets.GS = Goldman Sachs. +Spreadsheet = ugly. +This table deals with *battery grade LCE only*. + +Doing an accurate supply demand is extremely complex. Imagine that lithium s&d is perfectly balanced until a battery factory is constructed midway through 2022. It operates fully for the final 6 months of the year without any supply, creating a 10,000 tonne deficit (5,000 per quarter). A large 40,000tpa supply project comes online in the final quarter, and produces 10,000 tonnes to satisfy the battery factory. In absolute terms, 2022 was balanced. But clearly, it won't be balanced next quarter, when the battery factory only needs 5,000 tonnes, while the producer is supply 10,000. My figures take that into account. +The basis of my analysis is that a battery factory takes 1 year to bring fully online after construction is completed. That will vary across locations and chemistries. I only have access to 4 months of 2022 data, from which I've extrapolated 8 months of figures. The huge problem is that I'm using the 4 months to not only forecast ahead, but also match historical figures. So my forecast will change very month as data is updated out of China. + +Assumptions: + +* all battery capacity has been converted into LCE according to chemistry type +* spodumene takes 2 months total to become LCE +* installed battery demand takes 12 months to become fully operational +* LFP battery installation compounding 9% monthly in line with current trend +* Ternary (high nickel) installation compounding 2.5% monthly in line with current trend +* light grey numbers are extrapolated using those monthly formulas (inaccurate) + +[1st draft](https://preview.redd.it/qfsthtd98q391.jpg?width=1794&format=pjpg&auto=webp&s=21ce76578c2b666d8e09c07f2cd3b22bbd1d619f) + +Terms: + +* **2022 Partial BG LCE:** additional demand from battery factories that were only partly operational in 2022 +* **2023 Partial BG LCE:** demand from new battery factories in 2023, many of which is partial +* **2023 New BG LCE:** total 2023 demand that didn't exist in 2022 +* **Partial Supply 2022:** additional supply from operations that were only partly operational in 2022 +* **Inventory offsets:** So far, \~4,000 tonnes of BG LCE has been shipped in 2022 that was produced between 2017-2020. That supply won't exist next year. In addition, many battery factories are running at half inventory or less, which means they need to cover that deficit when prices soften, but I haven't included that. +* **2 yellow shaded boxes:** if top yellow box < bottom = 2023 surplus, while > bottom = deficit + +FM has 196,000 tonnes of new demand in 2023, while my formula method gives 192,000. Clearly they have extensive resources, while I have none, so I'm happy to concede. I don't know where GS's 158,000 comes from. You'll notice that if you add FM's additional 4k tonnes to my final 153k total, it matches GS's figure. I checked, and it's merely a coincidence. + +GS's total brine (battery, technical/industrial, primary) figure of 375kt is close to my 374kt. +The root cause of their erroneous 76k forecast is the lepidolite, recycling/scrap & hard rock. + +1. *Lepidolite:* GS claim production as 30kt (2021), 71kt (2021) & 119kt (2023). My sources indicated 54kt (2021), 70kt (2021) & 88kt (2023). I believe my figures are correct, and GS have been lampooned by industry figures for their 119kt next year. +2. *Recycling/scrap:* FM have an additional 3kt for this area, while GS have 19kt, again with fierce criticism from industry insiders. I've gone with 6kt. +3. *Hard rock:* Apologies to GS, as I previously said they were 40kt out. I put Brazilian spod in the wrong column, which means GS could be out by as little as 10kt. + +Tallying GS's 3 key mistakes gives a total of 54kt+, which instantly wipes a significant amount of their 79kt 2023 surplus. The rest is probably connected to [qualification](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkmtre/?utm_source=share&utm_medium=web2x&context=3) periods, where inexperienced analysts attribute supply too far in advance. + +On my table, you'll notice that incoming supply is predicted to snowball in H2 2023. Fastmarkets seem to agree, as they have Q4 as the weakest pricing period next year. Using a midpoint between carbonate and hydroxide, they predict: + +* Q1 23: US$46,500/t +* Q2 23: US$42,500/t +* Q3 23: US$37,500/t +* Q4 23: US$31,500/t + +You've probably also realized that my formulas predict a slight oversupply in 2023, but in theory, there's no such thing as a 1-20kt surplus, because: + +**PLS's Ngungaju plant may define industry balance next year.** +A little over 20,000t of battery LCE should originate from Ngungaju, and it's not contracted. The 15kt of spodumene it supplies every month may be turned on and off like a tap to control industry balance. +Imagine this scenario in H2 2023, where oversupply has caused prices to plummet: + +* PLS 680ktpa @ $1250/t spod = AU$410mill pa underlying profit +* PLS 480ktpa @ $1550/t spod = AU$420mill pa underlying profit + +Why would PLS keep loading 200ktpa of uncontracted plant 2 spod onto the market, when withholding it might create an imbalance that allowed prices to rise by US$300/t on their remaining 480ktpa? +They plan for their midstream lithium phosphate project to be operating H1 2024, for which 60% of the Ngungaju product has optimal coarseness. They'd simply stockpile it and wait to process it at the much more lucrative midstream level in 6 months time. + +Most importantly, take these forecasts with a grain of salt. +In August 2021, I suggested that Chinese lithium carbonate spot prices would [peak Jan 24-28 2022](https://www.reddit.com/r/ASX_Bets/comments/oz28m2/comment/h7zyjnu/?utm_source=share&utm_medium=web2x&context=3). Fastmarkets predicted a similar peak, with a Q1 plateau. [Goldman turned bearish on lithium in Dec '21](https://www.barrons.com/articles/lithium-stocks-downgrade-51639580052). We were all wrong—prices peaked April 1-7, and only because of lockdowns. We'll be wrong again. + +**Just because GS's process was wrong doesn't mean their end result will be**. The flaw of my table is that it assumes battery factories will operate at full capacity—that people will continue to buy EVs. That would be heavily affected by a recession, and interest rates are rising.I guess that making money on the markets is about making high percentage choices over X amount of time. A high percentage choice on a cyclical stock might involve selling closer to where you think the top is, even if you can't be sure if it'll happen in 1, 3, or 6 months. + +If you take a more nuanced view of lithium, you could easily justify a pessimistic view on specific projects. + +American pre-producer, LAC, is worth AU$4.5bill. They intend to produce 10kt of mixed grade carbonate next year, with a court case potentially being resolved this year for their primary Thacker Pass asset. If successful, they could produce another 30ktpa in 2026 through a process that's never been proven at scale. Add another possible 30ktpa by 2027/8, and their speculative Pastos Grandos tenement. Up to 70ktpa + PG if they're lucky. +AKE currently produce 12,000 mixed grade carbonate from the same basin as LAC, they also have a 200ktpa fully operational hard rock facility, \~20ktpa of LCE coming online progressively over the next 12 months + 2 additional projects online in 2024 (over \~110ktpa of LCE). Market cap AU$7.5bill. Where's the logic between LAC and AKE? + +AU$40bill MC Albemarle are hoping for up to AU$2bill underlying profit this year, with up to $2bill on CAPEXs. PLS have locked in $100mill on CAPEXs. If Albemarle don't debt fund up to 75% of that $2bill CAPEXs, there's a good chance their 2022 FCF will be worse than $7.3bill PLS. And they're tied into long term contracts over 2023 & 2024. Again, I don't see any reason not to be cautious on some valuations. + +Lastly, if you want to see a proper response to GS's report, industry leading analyst Benchmark Mineral Intelligence are preparing a rebuttal. + +Extra notes: + +* lithium supply demand can't be forecast accurately 2 years in advance +* all battery factories currently being constructed, and therefore increasing demand next year were begun during low lithium prices, and that will be true for most built in 2023 +* if factories are postponed due to high prices, it can take up to 2 years for that demand destruction to show up in factories built +* I had said that LFP might challenge ternary batteries in 2023. After doing the figures, I think LFP can't become the dominant battery chemistry until 2024 +* not all technical/industrial grade lithium is equal. Some can be used in LFP some can't. Some can be reprocessed, some can't +* much of AKE's Olaroz 2 production is fed into Naraha, which is why it looks strange in the table +* I've got MIN commissioning Wodgina train 3 in May 2023, not July as FM said. I'm just giving myself leeway, as MIN surprised me before +Not financial advice™. +The figures below are conceptual in nature. Right now, I'm just going to spill words into this post, then organise it once I remember everything I've forgotten to explain & notice errors[.](https://imgur.com/a/Ui6A4I2) Maybe. + +LCE = lithium carbonate equivalent. +FM = Fastmarkets.GS = Goldman Sachs. +Spreadsheet = ugly. +This table deals with *battery grade LCE only*. + +Doing an accurate supply demand is extremely complex. Imagine that lithium s&d is perfectly balanced until a battery factory is constructed midway through 2022. It operates fully for the final 6 months of the year without any supply, creating a 10,000 tonne deficit (5,000 per quarter). A large 40,000tpa supply project comes online in the final quarter, and produces 10,000 tonnes to satisfy the battery factory. In absolute terms, 2022 was balanced. But clearly, it won't be balanced next quarter, when the battery factory only needs 5,000 tonnes, while the producer is supply 10,000. My figures take that into account. +The basis of my analysis is that a battery factory takes 1 year to bring fully online after construction is completed. That will vary across locations and chemistries. I only have access to 4 months of 2022 data, from which I've extrapolated 8 months of figures. The huge problem is that I'm using the 4 months to not only forecast ahead, but also match historical figures. So my forecast will change very month as data is updated out of China. + +Assumptions: + +* all battery capacity has been converted into LCE according to chemistry type +* spodumene takes 2 months total to become LCE +* installed battery demand takes 12 months to become fully operational +* LFP battery installation compounding 9% monthly in line with current trend +* Ternary (high nickel) installation compounding 2.5% monthly in line with current trend +* light grey numbers are extrapolated using those monthly formulas (inaccurate) + +[1st draft](https://preview.redd.it/qfsthtd98q391.jpg?width=1794&format=pjpg&auto=webp&s=21ce76578c2b666d8e09c07f2cd3b22bbd1d619f) + +Terms: + +* **2022 Partial BG LCE:** additional demand from battery factories that were only partly operational in 2022 +* **2023 Partial BG LCE:** demand from new battery factories in 2023, many of which is partial +* **2023 New BG LCE:** total 2023 demand that didn't exist in 2022 +* **Partial Supply 2022:** additional supply from operations that were only partly operational in 2022 +* **Inventory offsets:** So far, \~4,000 tonnes of BG LCE has been shipped in 2022 that was produced between 2017-2020. That supply won't exist next year. In addition, many battery factories are running at half inventory or less, which means they need to cover that deficit when prices soften, but I haven't included that. +* **2 yellow shaded boxes:** if top yellow box < bottom = 2023 surplus, while > bottom = deficit + +FM has 196,000 tonnes of new demand in 2023, while my formula method gives 192,000. Clearly they have extensive resources, while I have none, so I'm happy to concede. I don't know where GS's 158,000 comes from. You'll notice that if you add FM's additional 4k tonnes to my final 153k total, it matches GS's figure. I checked, and it's merely a coincidence. + +GS's total brine (battery, technical/industrial, primary) figure of 375kt is close to my 374kt. +The root cause of their erroneous 76k forecast is the lepidolite, recycling/scrap & hard rock. + +1. *Lepidolite:* GS claim production as 30kt (2021), 71kt (2021) & 119kt (2023). My sources indicated 54kt (2021), 70kt (2021) & 88kt (2023). I believe my figures are correct, and GS have been lampooned by industry figures for their 119kt next year. +2. *Recycling/scrap:* FM have an additional 3kt for this area, while GS have 19kt, again with fierce criticism from industry insiders. I've gone with 6kt. +3. *Hard rock:* Apologies to GS, as I previously said they were 40kt out. I put Brazilian spod in the wrong column, which means GS could be out by as little as 10kt. + +Tallying GS's 3 key mistakes gives a total of 54kt+, which instantly wipes a significant amount of their 79kt 2023 surplus. The rest is probably connected to [qualification](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkmtre/?utm_source=share&utm_medium=web2x&context=3) periods, where inexperienced analysts attribute supply too far in advance. + +On my table, you'll notice that incoming supply is predicted to snowball in H2 2023. Fastmarkets seem to agree, as they have Q4 as the weakest pricing period next year. Using a midpoint between carbonate and hydroxide, they predict: + +* Q1 23: US$46,500/t +* Q2 23: US$42,500/t +* Q3 23: US$37,500/t +* Q4 23: US$31,500/t + +You've probably also realized that my formulas predict a slight oversupply in 2023, but in theory, there's no such thing as a 1-20kt surplus, because: + +**PLS's Ngungaju plant may define industry balance next year.** +A little over 20,000t of battery LCE should originate from Ngungaju, and it's not contracted. The 15kt of spodumene it supplies every month may be turned on and off like a tap to control industry balance. +Imagine this scenario in H2 2023, where oversupply has caused prices to plummet: + +* PLS 680ktpa @ $1250/t spod = AU$410mill pa underlying profit +* PLS 480ktpa @ $1550/t spod = AU$420mill pa underlying profit + +Why would PLS keep loading 200ktpa of uncontracted plant 2 spod onto the market, when withholding it might create an imbalance that allowed prices to rise by US$300/t on their remaining 480ktpa? +They plan for their midstream lithium phosphate project to be operating H1 2024, for which 60% of the Ngungaju product has optimal coarseness. They'd simply stockpile it and wait to process it at the much more lucrative midstream level in 6 months time. + +Most importantly, take these forecasts with a grain of salt. +In August 2021, I suggested that Chinese lithium carbonate spot prices would [peak Jan 24-28 2022](https://www.reddit.com/r/ASX_Bets/comments/oz28m2/comment/h7zyjnu/?utm_source=share&utm_medium=web2x&context=3). Fastmarkets predicted a similar peak, with a Q1 plateau. [Goldman turned bearish on lithium in Dec '21](https://www.barrons.com/articles/lithium-stocks-downgrade-51639580052). We were all wrong—prices peaked April 1-7, and only because of lockdowns. We'll be wrong again. + +**Just because GS's process was wrong doesn't mean their end result will be**. The flaw of my table is that it assumes battery factories will operate at full capacity—that people will continue to buy EVs. That would be heavily affected by a recession, and interest rates are rising.I guess that making money on the markets is about making high percentage choices over X amount of time. A high percentage choice on a cyclical stock might involve selling closer to where you think the top is, even if you can't be sure if it'll happen in 1, 3, or 6 months. + +If you take a more nuanced view of lithium, you could easily justify a pessimistic view on specific projects. + +American pre-producer, LAC, is worth AU$4.5bill. They intend to produce 10kt of mixed grade carbonate next year, with a court case potentially being resolved this year for their primary Thacker Pass asset. If successful, they could produce another 30ktpa in 2026 through a process that's never been proven at scale. Add another possible 30ktpa by 2027/8, and their speculative Pastos Grandos tenement. Up to 70ktpa + PG if they're lucky. +AKE currently produce 12,000 mixed grade carbonate from the same basin as LAC, they also have a 200ktpa fully operational hard rock facility, \~20ktpa of LCE coming online progressively over the next 12 months + 2 additional projects online in 2024 (over \~110ktpa of LCE). Market cap AU$7.5bill. Where's the logic between LAC and AKE? + +AU$40bill MC Albemarle are hoping for up to AU$2bill underlying profit this year, with up to $2bill on CAPEXs. PLS have locked in $100mill on CAPEXs. If Albemarle don't debt fund up to 75% of that $2bill CAPEXs, there's a good chance their 2022 FCF will be worse than $7.3bill PLS. And they're tied into long term contracts over 2023 & 2024. Again, I don't see any reason not to be cautious on some valuations. + +Lastly, if you want to see a proper response to GS's report, industry leading analyst Benchmark Mineral Intelligence are preparing a rebuttal. + +Extra notes: + +* lithium supply demand can't be forecast accurately 2 years in advance +* all battery factories currently being constructed, and therefore increasing demand next year were begun during low lithium prices, and that will be true for most built in 2023 +* if factories are postponed due to high prices, it can take up to 2 years for that demand destruction to show up in factories built +* I had said that LFP might challenge ternary batteries in 2023. After doing the figures, I think LFP can't become the dominant battery chemistry until 2024 +* not all technical/industrial grade lithium is equal. Some can be used in LFP some can't. Some can be reprocessed, some can't +* much of AKE's Olaroz 2 production is fed into Naraha, which is why it looks strange in the table +* I've got MIN commissioning Wodgina train 3 in May 2023, not July as FM said. I'm just giving myself leeway, as MIN surprised me before +Okay, folks, I see there is a huge misunderstanding about how dividends are being paid and I thought that would be helpful to explain this from a board member of the dividend-paying company perspective. + +Let's start: + +**Myth #1**: "OMG!! GameStop cleared their debts to pay the dividends. They can put whatever number they want and short sellers will pay this to us." No, you can't come up with a random number for the dividends, as you a strictly limited by the total number of a retained earnings from the previous calendar year. GameStop's 2020 RE was $470M total amount of ALL dividends paid out in 2021 cannot exceed this amount. + +**Myth #2:** "They will pay the dividends out by the end of April". No. To pay the dividends out GameStop has to get approval from the shareholders, i.e. at the annual shareholder meeting. Moreover, there are a few important dates in this process: Announcement date, Record date, Ex-dividend date, and then the actual Payout Date. All of this takes time and doesn't happen within a week. + +**Myth #3:** "I think GameStop will have a regular dividend of $0.10 and then a special dividend of $1-3" Possible, but very unlikely. Having a dividend of around $3 will wipe out $210M of cash off their balance, which is technically an economic suicide, taking into account their expenses in buying back the bonds this month. + +**Myth #4:** "They will pay dividends in crypto". I see where this idea is coming from and I think that this is even technically possible, but this will create a huge bureaucratic impact on their legal department. Imagine a ton of paperwork for lawyers for a few months. Taking in account the company transformation plans I am not sure that this is anyhow preferable option comparing to the usual dividend, which will have an equal effect on the shorts. + +**So, my expectations regarding the dividend saga are:** + +1. **2021 Proxy Statement.** The first thing we will see is an updated 2021 proxy statement that might include the dividend topic, if this will happen, we should already see a big impact on the share price, as some of the short will start covering immediately. +2. If GameStop really plans to pay the dividends, it will be somewhat between $0,01 and $1.00. Amounts other than that will leave the company with no cash in a moment, which is a very vulnerable and unpreferable position +3. I'd not expect the news before the Proxy Statement date, which in 2020 was April 27th. (not putting the date, just the fact) If the dividend topic will be highlighted there, we will see this discussion point in the annual shareholders voting agenda. Thus, make sure that you talked to your broker in order to recall your shares for voting. + +However, I'd like to remind you that we have no even a single piece of evidence pointing to GameStop's will to pay the dividends in 2021. All we have now is just our imagination and rumors, echoing in this sub, so please, don't set your expectations too high (remember the high expectations before the Q4 report and its effect on the stock price). Calm your tits down, buy and hold. Shorts are fucked anyway with the dividends being paid out this year or without. + +Peace. +Hey ya'll. Longtime lurker but I am finally closing on my first property tomorrow. I will be living in one unit and will be inheriting tenants in the other unit. + +According to my RE agent, title company, lender, etc, closing should go smoothly tomorrow. Assuming it does, this is my plan. Please let me know if I am missing anything. + +- Turn on gas, electric, water, internet to my unit +- Change locks everywhere/garage code +- Give tenants new lease/inform of rent increase +- Clean/paint/reno +- Move in at end of October + +What else should I be planning to do? Thanks in advance! + +Edit: Thank you all so much. This is a great community. I hope to contribute in a meaningful way in the future. Cheers! +I’ll start out by saying that I am a profitable Day Trader. I aim to increase my account value by at least 1% each day - a target I hit around 80% of the time. I’m starting out with this because you shouldn’t take advice from someone who can’t manage to make a consistent profit. + +However, I’ve learned some basic lessons that might help some of you, in no particular order: + +1) Do not trade SPY futures (/ES) after-hours. There is no advantage to it, and more often than not you will lose money. + +2) Do not hold a position, either in stock or options, through earnings. The result is too unpredictable with the stock, and the options will lose tremendous value through IV reduction. + +3) Stop chasing losses and/or prematurely taking profits. Traders tend to stay in losing trades longer than they should, and exit profitable ones too early to lock in their gain out of fear. This also goes for averaging down - don’t do it. Averaging up works a lot better, but it’s harder to do psychologically. + +4) Understand your trade before you enter it. If you buy a Stock at $50, do you know what your stop will be? Do you have the right entry? And with options, what is your exit strategy if it goes against you? Know what percent of your account you are willing to take as a maximum loss (1-2%), where is support/resistance, VWAP, etc. And most important - what is the market doing? + +5) Learn and understand the various options strategies and when you should use them. Some stocks have incredibly strong support - Great! Use an OTM Bullish Put Spread below support, and make sure you get 25% ROI ($5 spread between strikes = $1 credit for example). Other stocks have very little movement? Consider a Butterfly. Choose the right strategy for the situation. + +6) Very Important - when day trading you want to be going long on stocks that have Relative Strength against SPY and short on those that have Relative Weakness. When SPY drops during the day, notice which stocks held up. Those are the ones you want to buy when SPY rebounds. I can not stress enough how important and central this is to your success. + +7) Don’t chase someone else’s day trade unless you analyzed it yourself. You may miss some opportunities doing this, but you’ll also prevent yourself from being trapped in a trade you didn’t understand. + +8) The idea you “missed the big move” has no basis in reality. ZM is up $20 so you figure you already missed the action and move on, this is a mistake. Look at the technicals. Chances are this is still a good opportunity, especially if there is relative strength against SPY. + +9) You’re not smarter than the market. You haven’t thought of something that others haven’t already considered. This type of thinking leads you to make decisions before you have technical confirmation that you’re correct. + +10) Day Traders trade what is in front of them - price action, technicals on the D1 and M5 (mainly), market conditions of that day, volume, etc. A great trade at 10am could be a terrible idea an hour later. You need to be nimble, to move quickly and to trade what you see at that moment. + +Good luck! +Every now and then, people on here think they have some “brilliant” thought about the markets. Often it’s something they believe no one else has thought of, and will make them money. And it goes both ways, bulls see a coming surge. Bears have analyzed the markets and “know” they’re in for a large dip. I claim that whoever in here believes he or she timed the markets, is fooled by randomness. + +Either way, let’s talk about one common trait among a lot of bearish posts in here... + +... They seem to imply we live in a proverbial vacuum. Every time the world doesn’t end, I see posts and comments along the lines “of only the Fed hadn’t X” or “if only the lawmakers hadn’t Y”. Well, ok, interesting theories, but we live in a developed world. Governments will always do X and Y, and institutions are always ready for Y. And if they’re not, the legislative bodies are ready to step in to fix whatever systematic faults need to be addressed. The whole market economy is just a set of laws and regulations, and those laws and regulations are being adjusted and amended all the time. Therefor, any analysis made on the assumption that the world will just stay passive when there’s a risk of it burning, is sloppy and irrelevant. + +“The Congress can’t just...”, yes they can. “The Fed can’t keep...”, yes they can. Same goes for the EU. Don’t underestimate the political will of the European Union member states. “They can’t save Italy should their bond yields skyrocket...”, yes they can and they will. + +**Tl;dr: Whatever laws and interventions needed to stabilize the economy and induce growth, will be set in place. Always. And the means of production in mature economies will manage.** +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! + +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS + +🟣🟪 + +TLDR; DRS +I posted my 12 month update a year ago and figured I would post it again in case anyone might find it interesting.... I did all of the work on my first 4 properties, and now use contractors for almost everything + +Pre-REI Journey properties + +1. **5/4 SFH purchased to house hack and AirBNB the spare rooms ($110k cashout)** + 1. Bought $195k 10/2015 + 2. Sold $325k 1/2019 + 3. $0 overall spent/invested as I was cashflowing $1500/month on top of my mortgage payment allowing me to complete upgrades to all bathrooms/kitchen/outdoor deck areas + 4. &#x200B; +2. **2/1 SFH my now wife owned before we met - Property #0** + 1. Bought $95k 4/2014 + 2. Invested $75k in rehab + 3. Re-appraised at $325k this month + 4. Currently a full time rental cashflowing $400/month + +I used the above equity to open a 100k Line of Credit with my local credit union to start my REI journey - I was bored at the start of Covid and my wife encouraged me to go for it after I had talked about it for 6 straight months... + +&#x200B; + +* **Property #1 - 3/1 Duplex - April 2020** + * 75k purchase price - 30k down payment via HELOC + * 50k rehab budget - I did all work myself + * $815 monthly carry cost + * $1850 rent roll + * Refinanced into Commercial loan November 2021 - 225k appraisal +* **Property #2 - 3/1 Duplex - April 2021** + * 125k purchase price - 40k down payment via heloc + * Bought out from a deal that fell apart - closed 25k below the prior deal price + * 75k rehab budget - Did all work minus drywall myself + * $975 monthly carry cost + * $2250 rent roll + * Refinanced into Commercial loan November 2021 - 250k appraisal +* **Property #3 - 3/1 Duplex - July 2021** + * 135k purchase price - bought off market from the investor who owned #2 (met him during my rehab) - 210k hard money loan - 35k down payment paid via HELOC & 401k loan + * 75k rehab - I outsourced all demo/drywall/paint/flooring - I did kitchens and bathrooms + * $1200 monthly interest only carry cost + * $2500 rent roll + * Refinanced into Commercial loan November 2021 - 275k appraisal +* **Commercial Loan Refi #1 - November 2021** + * Rolled properties 0/1/2/3 into a 5.25% Commercial loan + * 75% LTV (realistically a 60% LT sales price) + * Paid off the HELOC & 401k loan + * Paid off all 0% credit cards I was floating material purchases on + * Decided to take a 6 month break - LOL +* **Property #4 - 2/1 Duplex - December 2021** + * 120k purchase price - 60k rehab budget - Hard Money Loan - 30k HELOC funds used to pay + * My hard money lender denied another client who was meant to close at 180k purchase/20k rehab due to them not knowing what they were doing. I was able to offer 120k and close 48 hours later keeping the sellers original close date - This was the deal of a lifetime + * My rehab ended up being over 100k as I decided to demo the garage minus the walls and start over. make a 1 car garage with a bunch of storage into a 4 car garage with separate doors for each resident + * The one side was studs so I re-framed the entire side and re-did all plumbing/electric/HVAC myself and paid someone to drywall/paint/flooring. Did kitchens and bathrooms myself again + * $1250 monthly carry cost + * $1850 rent roll + * Refinanced into Commercial loan #2 - $230k appraisal +* **Property #5 - 6 unit apartment building - January 2022** + * 170k purhase price - 150k rehab budget - hard money loan - 60k from HELOC for downpayment + * Realtor had a client walk away - I closed 40k below their prior agreement + * This project about killed my spirit.... + * all new plumbing / drywall / electric / flooring / bathrooms / kitchens / + * We filled 10 50 yard dumpsters during this project + * 50k for a new roof and coping resolutions - SURPRISE! + * 6 months to get the project completed and rented out + * $2700 monthly carry + * $5200 rent roll + * Refinanced into Commercial loan #3 - $575k appraisal +* **Property #6 - 3/1.5 Duplex next to #3 - April 2022** + * $165k purchase price - 30k rehab budget - hard money loan - 25k downpayment from 401k loan + * I had been offering off market for almost a year to the owner - they listed and I offered 5k less than I had been with a 5 day close (they listed it at 25k below what I had been asking) + * 1 side was already rented, 1 side was almost ready for move-in + * $1500 monthly carry + * $2200 rent roll +* **Commercial Refi #2 - July 2022** + * Rolled properties 4/5/6 into a 5.55% Commercial loan + * 75% LTV (realistically a 60% LT sales price) + * Paid off the HELOC & 401k loan + * I am actually taking a 6-12 month break this time..... I hope +* **Current Finances** + * 2mm appraised value of entire portfolio + * $55k in 0% credit card debt that expires in the spring - will have most paid off via cashflow by then + * Heloc & 401k loans are now back down to $0 + * $0 of cash invested in the business + * Monthly rent roll - $15,500 + * Monthly Carry Cost - $9,100 - two mortgage payments + * Monthly T&I Holdback - $2,200 + * **Monthly Cashflow - $4,200** +* **Things I learned in two years...** + * Always add 30% to your rehab budgets - shit happens + * Lowes/HD/Menards/Best Buy 0% same as cash cards can save your entire business if you need to float 15-20k in materials purchases for 6-24 months when scaling - This is a bad idea but it worked for me + * You can accumulate an insane amount of CC points if you do it right and open the right new cards.... Sitting on 1.3mm Amex points accumulated in the last 24 months + * Resident selection is the **entire** business - I had only 1 resident not renew in the last two years, and every single other one averages 1 maintenance call/year and I have zero missed rent payments. This has allowed me to do my own management which has saved me so much money and allowed my commercial loans to to payoff all my down payments due to LTV based on rent rolls expenses + * Hire a CPA when it makes sense - I thought I owed 4k in taxes in 2021 and ended up with a 2k refund. Fucking fairy dust lol + * Re-entry construction programs are amazing. I write checks to programs helping people get back into the work force, they work a little slower but who cares it is half the price + * I take the entire crew(s) out to lunch twice a month as a thank you - I want my partners to know I value them and I do not just view them as cogs in my machine... + * I want to take a 12 month break because I am fucking tired and have 2 kids under 3 years old... + +&#x200B; + +Maybe no one cares about all this - but I thought it might be insightful for others as they start their journey or are in the middle of their own. + + +AMA! +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! + +To put it simply my parents just aren’t great role models when it comes to budgeting, much less saving. They live paycheck to pay check, and spend money recklessly. I know this because I have compared my parents’ habits to those of people who are a bit better off (like the helpful advice people leave on this sub lol) We don’t live poorly, but definitely not comfortably. No savings, nothing for my future. + +It’s just difficult, mainly because I don’t really know what to do with the money that I rarely get, other than spend it. I know to save about 20%? but I feel like I could do more. I just need advice for planning for what to do with my money before and when go to college and other expenses when I move out. + +I don’t have a job currently, but I am planning on getting one. Also, I tried looking up money management videos on youtube, but I think that is geared more towards adults. + +Just any tips or helpful advice would be greatly appreciated. I can also answer questions :) + +EDIT: Oh my lord thank you all so so so so so much! I did not expect this in the SLIGHTEST! I posted this whilst on a road trip I was on, now I am on my way home. I will take time tonight to read every single comment and reply to more! I will update soon! (Also I am a girl lol) + +EDIT 2: I have read every single comment, and I know this because my inbox is officially empty (sorry that it took so long!!) I’d like to say thank you to everyone who commented and reached out to me. I am so surprised at the overwhelming support! I definitely have a complete understanding of what I should and shouldn’t do. The biggest thing is see (other than saving), is the the self-discipline I should acquire. There are many steps, and I shall, look at each one carefully and consciously. First things first, I am going to read! I am planning on a summer job as well, and I currently babysit regularly. Everything should flow very well, and I have tremendous hope because everyone gave me this advice! Again, thank you so so so much. You guys are absolutely amazing + +I think the long needed correction is finally starting to happen. A lot of stocks have corrected 20-25% from their highs in February. I, however feel that this correction is going to continue for quite some time as the FIIs will keep pulling out money from India over the next few months because while India seeps deeper into the second wave, the US on the other hand is making a splendid recovery both in terms of its economy and its yields on fixed income instruments. + +In a way India has had the worst impact from covid. We had the harshest lockdown during the first wave which made us lose a lot of GDP compared to other countries and in the second wave, the hot spots of covid are in the commercially important places like Maharashtra, Delhi etc which are anyhow going into lock down and will take a lot more months to recover completely. + +Investors rushed to India and other emerging markets in the first wave not because of our market's fundamentals but because almost all developed countries had engaged in massive fiscal and monetary easing. All those negative yields on fixed income instruments and massive quantitative easing meant that money was kind of forced into risky assets like emerging market equity. + +Now, however, the monetary and fiscal easing of developed countries has slowed down considerably. The US is making a splendid recovery which bodes well for its fundamentals and also means that the fed and the treasury will no longer be expected to unleash or sustain the kind of monetary and fiscal spending that they did in the first wave. + +Meanwhile India's macro situation is only bound to get worse because of the second wave. All this means that money is gonna flow from emerging markets to developed countries, especially the US. +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/wsNDGTf5QH). +Divorced and kid goes to college next year and the ex wants us each to contribute 25%. Son is very smart and will get some scholarships but I am very behind on retirement savings as I'm sure she is as well. Plus I'll being paying support for the next 2 years which I'm sure has something to do with this. Not sure how to proceed. +My in-laws have been incredibly supportive of my family and I wish to gift them some money to settle some of their debts, but I want to make sure I understand if there's anything I don't understand. Might there be any taxes for doing this? Would there be any reason for me to work with the banks directly to pay off the debt rather than giving them the money? From my POV a wire into their account seems the easiest, but I want to make sure I understand. +https://i.imgur.com/fgRQHpY.jpg + +I apologize for my shameless bragging, I'm just really relieved and happy about this and not a soul alive knows about my net worth so I can't exactly go out and talk about it IRL. + +Some background. I've worked since my early 20s, have made anywhere from $70,000 to $130,000 a year since, amount varies from year to year. I'd say about half my net worth is from my saved salary, the other half is purely investment gains from stock I invested the saved salary in. I live a pretty frugal and minimalist life, I drive a used car and live in the same starter home I've lived in for a decade. Material things don't really interest me, but I will spend money on cool experiences. + +My original (naive) plan when I got out of college was to FIRE when I hit one million. I reached that 2-3 years ago and realized quickly one million doesn't go as far as I thought anymore. I still don't feel $2 million is enough. I don't love my job but the stress is manageable, so I'd like to stay until 40 and then leave. We shall see. + +In terms of what investments I have, it's largely US large cap banks and tech companies. No early day bitcoin, no Google IPO, just good old fundamental analysis, value investing and buy-and-hold. I haven't bought any new stock for several, several years, I did almost all of my buying from 2009 to 2012 as we were stumbling out of the Great Recession. I thought we were in overbought territory in 2013-2015, so the stock market's rise since proves that I don't know what I'm doing and market timing is for suckers, heh. + + + + + + + + + +[edit] I have gotten a couple of questions about my house and about my dating situation and what I spend money on. My house is cheap, I live in the south. Land is cheap here, even in the major cities. It was valued at around $125,000 before the subprime meltdown. It went into foreclosure then like half of the homes in my neighborhood. My lender obviously could not offload it in foreclosure, so it sat on the property for almost a year. No buyers surfaced because no one could get a mortgage loan. I scraped together about $80,000 in cash and put in an offer that was accepted. I was motivated by the $8,000 Obama housing stimulus credit, so my final bill came in at $72,000. The home is currently appraised at over $140,000. I need to update it on my Mint profile. + +My dating situation. I'm probably never getting married or having kids. It's a personal decision, I'm too selfish and value my freedom too much to ever do either. Being a millionaire is a rather recent occurrence for me and I haven't told anyone, so I haven't and don't ever plan on flaunting money to get a lady to like me. It seems really sad and desperate to me when older guys do that and I don't want to be that guy. Just being myself, being kind and listening has worked in getting ladies to like me, amazingly enough. I feel exceptionally lucky that I didn't get married early and am divorced and miserable now. Like so many other guys my age that I know. + +I caught the travel bug about two years ago. I travel once every 2-3 months. It is expensive but it's worth it, plus airfares out of my primary airport have dropped like a rock thanks to growing competition, cheap fuel and new fuel efficient planes like the 787 and A350. Round trip airfare to Europe or Asia is as low as $400 bucks during a sale. Round trip airfare domestically to either coast is $90 to 110 bucks during a sale on non-budget airlines. Have traveled to the UK, France, Thailand, NYC, LA and Chicago so far this year. It's been wonderful. + + +Does he actually go into detail about why he specifically picks earnings yield and ROIC for his Magic Formula? Basically, is it worth buying the book when I can find out the formula online? + +Also, has anyone tried it/tweaked it and what did they think of their results? Perhaps putting stop losses in to avoid value traps running up big losses? +When I first started in June (I know not that long) I bought a bunch of things I now consider to not fit my investment philosophy. This is because as I’ve learned through the past few months, my philosophy has changed from buying companies I knew, to buying companies with a large margin of safety. My question is, did other people experience the same things? I’ve probably sold half of the stocks I started with once I learned how to read a balance sheet. I’m also worried my philosophy will keep changing as I read and watch more (berk annual meetings, google talks). I have a copy of the first edition of Security Analysis coming in the mail and I’m so excited! So what is your value investing story, and did you have a similar reallocation once you realized what investing is actually about? +For example, in places like the U.S., birth rates have been falling for years. I heard Jerome Powell talk about how long expansions tend to bring in low-income folk in the 8-9th year, on average, and thus I struggle to believe how this phenomenon can have a purely economic explanation. +It is named after a ~~Nobel prize winning~~ economist active in the 1950s iirc. I want to look it up but have not been able to find anything about it without the name. This person suggested (seriously or sardonically—I‘m not sure which) that in an organization in which managers are compensated and have status in part based on the size of the staff that reports to them they will have a self-interest in creating inefficiency among those workers in order to rationalize additional hires that result in additional compensation and/or status for themselves. Who wrote this and does it actually reflect any sort of reality in real world organizations? Thank you. + +Edit: Does not seem to match-up with any Nobel winners. +I've heard that property taxes are a [regressive tax](https://www.investopedia.com/ask/answers/042415/what-are-differences-between-regressive-proportional-and-progressive-taxes.asp) because low-income individuals will pay a higher % of their income for that. So why aren't there property tax brackets similar to income tax brackets so that, for example, a multi-million dollar home would have to pay a higher % property tax than a home worth only $100k? +I turn 21 soon. At a local community college that does not have dorms. I'll be halfway done with an associates degree after this semester. + +I won't be able to live at my moms house anymore soon, hopefully this happens after semester ends. I definitely can not afford a place with my current part-time job and even with a roommate (which i'm looking into!) I still don't think I would be able to afford much more than rent. And I realize that not being able to afford all basic needs is going to have an impact on school. + +I'm considering dropping out of college and starting an electricians apprenticeship. I will be paid a living wage, full-time job with on the job training. I'm told there's good money in it after a while. I'll actually be able to afford rent, food, bills, gasoline, and a safe place to live for the next couple years while I'm working. I'm going to get a room mate soon any way. + +I'm scared of the student loans I will have to take on if I continue with school. + +I'm thinking maybe I can be farther ahead by the time I finish the apprenticeship vs by the time I finish my bachelors and try to find a job. + +I'm scared and don't know what to do. I know for a fact that if I stay in school full-time I will be in extreme poverty by January and will stay there for the next several years. +Elon musk said he will sell 10% of his TSLA shares. + +Since he has only sold 37% of those 17 million (10.64 million remaining to sell) which has driven the stock down 15.41% - and the 3x long Tesla down by 45.5%. + +My thinking is, to put it all into the short Tesla 3x (which gained 54.5%) in that same week. Assuming as he continues to sell the remaining 63% the stock will drop at least as much as the first week meaning I would hypothetically get a 55% increase. + +Then sell out of the short 3x position as he gets close to having sold all of the shares which he needs to sell. + +What do you think? + +Thanks +So, here I made a losing trade just moments ago. My stop was triggered while I was having breakfast. I didn't look at my phone twice nor did I complaine or rant about it. It's not hurting like it used to 5 years ago when I set feet in this path; as a matter of fact when I saw my stop order trigger earlier, it didn't even interrupt my breakfast. Why am I telling you this? Because this kind of attitude is what I've been training myself for and you should be as well. I see people here posting rants and complaints to show their anger and despair when they're losing and celebrating when they win. A professional just don't do that. They just don't. If you're one of those who celebrate the winnings (myself included months ago) that just shows how much you still have to learn! Doing that is like seeing a dentist celebrate after filling a cavity or a meth cheff celebrating a high-purity yield on a batch that they just cooked. You get it right? So, focus on execution and don't get too emotional, is the moral of the post! +**TDLR; Multiple huge swaps have appeared in GME and GME.N reporting data, each has amount 20 - 27 million USD (150k - 200k shares) - larger than any of the reported swaps before. After clearing up the data, and sorting out multiple report entries, it's at least one open portfolio swap but still the single largest reported swap in GME up to now. Furthermore, its early expiration date is unusual, September 2022.** + +To visualize swap activity, we look at the daily volume in swaps. As a simplification, regardless of whether a it is a new, a closed, or an updated position, those count towards the daily volume. We will also use "Quantity" as a volume measure that tells us the number of shares in the swap. "Notional Quantity" means the number of shares; whereas "Notional Amount" is the amount of money in USD. That's how the daily traded swaps volume looked like before: + +[Old timeline for GME from mid-May. Daily traded swaps by quantity \(number of shares\). Most of the activity are the continuously updated CFDs. On bullish phases, we observe new portfolio swaps.](https://preview.redd.it/wgw6yfop4s391.png?width=3510&format=png&auto=webp&s=380f94c0540ca543e1d69703367a9cdc8c6195d9) + +[Old timeline for GME.N from last week, the NSYE-traded ticker for GME. Daily traded swaps by quantity \(number of shares\). The two large spikes are portfolio swaps with an amount of 17 and 21 million USD.](https://preview.redd.it/ds6bdyvs4s391.png?width=3510&format=png&auto=webp&s=aed348d74e506fbbdb17499498c99867e63693e4) + +On Thursday evening and Friday morning (Eastern Standard timezone) multiple very large swaps were reported. I almost fell from my chair when I saw this: + +[Timeline for GME. Daily traded swaps by quantity \(number of shares\). The large spike on Friday are several report entries with portfolio swaps.](https://preview.redd.it/9gbiszl05s391.png?width=3510&format=png&auto=webp&s=0ade849c6efa2116f13f934c2c2c39b0ff23db6b) + +[Timeline for GME.N, the NSYE-traded ticker for GME. Daily traded swaps by quantity \(number of shares\). The large spike of reported portfolio swaps occurred on Thursday evening.](https://preview.redd.it/29kyzypp6s391.png?width=3510&format=png&auto=webp&s=1a0568bdcc23cd9b365042fdef585b9bd52be7f1) + +Take a moment and compare the plots - these swap trades look huge! However, upon further inspection, the trades in GME were terminated early. And the two trades in GME.N are probably a double-reported entry. Here are the details: + +In GME: Two very large swaps, 20 million dollars each, but they did only last a few hours. It was opened on 2022-06-03 11:57:39 UTC, before NYSE market open. But it was closed already one hour into market open at 2022-06-03 14:35:15 UTC. *So, it only looks huge but is not really special.* + +The trades in GME were done after the GME.N trades. *These two entries in GME.N are more interesting:* **Two reported entries of a new swap with 27 million USD opened at 2022-06-02 20:22:55 and 20:22:56 UTC, 200k shares each.** This may be a rare double-report: I am not sure whether it is one or two swaps that were opened, because of slightly different timestamps. + +From my experience with the data, double-reported entries are *extremely rare*. I still conservatively conclude that this is only one swap that was reported twice. On the other hand, the trade could have been split because at some point, the amount or quantity surpasses the maximum number in the reporting form. Or, someone tried to hide a 54 million USD swap by splitting it into two identical parts but messed up the simultaneous report. + +Most importantly, this position is still open and was not closed! **This is the largest reported swap trade in GME since the start of public reporting up to now!** The second largest portfolio swap was 21 million USD, followed by 17 million USD, both in GME.N and opened in March. + +There is another interesting detail here: **This swap is a short-time bet that expires already in September, on 2022-09-21.** Most reported swaps expire after one to ten years. The expiration date of the GME portfolio swaps mentioned above is nevertheless notable: It's in March 2023. This falls in a similar timeline as the other large swaps in GME.N, they also expire in January to April 2023. + +The huge portfolio swaps in GME that were terminated early are still a bit of a puzzle. Why were they terminated early? Why would someone do open a huge position and three hours after close it again? Maybe the portfolio manager (or, swap broker) terminated the trade to minimize his risk, or, because how hard it is to hedge this? Or, shall they act act like a trading signal to other parties? + +Now, what does this data mean? By inspection of the plots, other portfolio swaps were also opened in bullish phases. I thus speculate that these new portfolio swaps are bullish bets on a price increase in GME until September, or respectively, until H1 2023. They could also serve as a hedge for short-sellers. + +Raw reporting data: + + Dissemination ID,Original Dissemination ID,Primary Asset Class,Product ID,Action,Transaction Type,Block Trade Election Indicator,Cleared,Clearing Exception or Exemption Indicator,Day Count Convention,Effective Date,Embedded Option Type,Event Timestamp,Exchange Rate,Exchange Rate Basis,Execution Timestamp,Expiration Date,First Exercise Date,Fixed Rate 1,Fixed Rate 2,Fixed Recovery CDS Final Price,Floating Rate Reset Frequency Period 1,Floating Rate Reset Frequency Period 2,Floating Rate Reset Frequency Period Multiplier 1,Floating Rate Reset Frequency Period Multiplier 2,Leg 1 - Commodity Underlyer ID,Leg 2 - Commodity Underlyer ID,Leg 1 - Floating Rate Index,Leg 2 - Floating Rate Index,Non-Standardized Pricing Indicator,Notional Amount 1,Notional Amount 2,Notional Currency 1,Notional Currency 2,Notional Quantity 1,Notional Quantity 2,Total Notional Quantity 1,Total Notional Quantity 2,Option Entitlement,Option Premium Amount,Option Premium Currency,Other Payment Amount,Payment Frequency Period 1,Payment Frequency Period 2,Payment Frequency Period Multiplier 1,Payment Frequency Period Multiplier 2,Price 1,Price 2,Price Unit Of Measure 1,Price Unit Of Measure 2,Quantity Frequency,Quantity Unit Of Measure,Settlement Currency 1,Settlement Currency 2,Spread 1,Spread 2,Spread Currency 1,Spread Currency 2,Strike Price,Strike Price Currency,Underlying Asset ID,Underlying Asset ID Type,Underlying Asset Name,Leg 1 - Commodity Instrument ID,Leg 2 - Commodity Instrument ID,Option Type,Option Style,Execution Venue Type,Collateralization Type + "355465577","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Termination","","U","","","2022-06-03","","2022-06-03T14:35:14","","","2022-06-03T11:57:35","2023-03-15","","","","","","","","","","","","","N","20,000,000","","USD","","","","150,000","","","","","","1M","1M","1","1","133.33333392","","USD","","","","USD","","","","","","","","US36467W1099","ISIN","","","","","","","" + "355465578","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Termination","","U","","","2022-06-03","","2022-06-03T14:35:15","","","2022-06-03T11:57:35","2023-03-15","","","","","","","","","","","","","N","20,000,000","","USD","","","","150,000","","","","","","1M","1M","1","1","133.33333392","","USD","","","","USD","","","","","","","","US36467W1099","ISIN","","","","","","","" + "355451807","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Trade","","U","","","2022-06-03","","2022-06-03T11:57:39","","","2022-06-03T11:57:35","2023-03-15","","","","","","","","","","","","","N","20,000,000","","USD","","","","150,000","","","","","","1M","1M","1","1","133.33333392","","USD","","","","USD","","","","","","","","US36467W1099","ISIN","","","","","","","" + "355451808","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Trade","","U","","","2022-06-03","","2022-06-03T11:57:42","","","2022-06-03T11:57:35","2023-03-15","","","","","","","","","","","","","N","20,000,000","","USD","","","","150,000","","","","","","1M","1M","1","1","133.33333392","","USD","","","","USD","","","","","","","","US36467W1099","ISIN","","","","","","","" + "355174642","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Trade","","U","","ACT/360","2022-06-02","","2022-06-02T20:22:55","","","2022-06-02T20:22:39","2022-09-21","","","","","","","","","","","","","N","27,000,000","","USD","","","","200,000","","","","","","1M","","1","","135.00000046","","USD","","","","USD","","","","","","","","GME.N","RIC","","","","","","","" + "355174662","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Trade","","U","","ACT/360","2022-06-02","","2022-06-02T20:22:56","","","2022-06-02T20:22:39","2022-09-21","","","","","","","","","","","","","N","27,000,000","","USD","","","","200,000","","","","","","1M","","1","","135.00000046","","USD","","","","USD","","","","","","","","GME.N","RIC","","","","","","","" +While I am happy for those of you who are 25 with a net worth of $400k, I can't help but to feel like I am significantly behind the curve. + +My story - grew up dirt poor (i.e empty fridge poor), took longer than most to get to university, graduated with a ton of debt, and spent my 20s paying down debt and finding my way in the working world. I am now in my 30s and trying to build a little financial cushion. I won't mention my "net worth" as I don't want to associate my worth with such a low number lol. I will say though, I save 55% of my net pay now so my story will be different in 15 years. + +Again, I really am happy and proud of you young cats who are doing so well but there must be others on this thread who have dealt with some set backs in life that has put them behind. + +Update - I wanted to delete this post as soon as I posted it but I am glad that I did not. Always feel uncomfortable opening up about my past but I am glad that I did if it gives some comfort to those of you who are slightly behind the ball. Now let's keep on decreasing our expenses and saving so that we can reach financial freedom some day in the not distant future!! +It seems like every country has some kind of housing crisis or at least housing much more expensive than in the past. Why this happened and what should be done about it? Is it because the rich use real estate as an investment? +I'm a physics student, but I'm basically interested in any system that can be modeled mathematically (plus there is a non-zero chance I end up in Quant, considering our job market). + +I honestly don't know anything about economics and was curious if there was some book akin "The theoretical minimum" physics book series, about divulgation of any topics using regular college maths (I'm comfortable with calculus, diff eq, linear algebra, etc). +I am not very educated in economics and I love to be proven wrong. Throughout my life I always identified with the economics of the left. Recently I have been reading lot of books from famous economists, and hardly ever I find a good 21st century book about economically left leaning theories and most modern school of economics advocate for free market, deregulation etc.. Why is that? +This morning I read an article how foreclosures will increase in 2021 due to the economic crisis we are in right now and govt. Regulations preventing evictions expire at end of year. Literally a few hours later another article pops up on my feed saying how housing prices are expected to continue to increase next year and into 2022! So which is it because I missed out on a home in my dream neighborhood about a year ago and am waiting for another one to pop up but not if its gonna be priced through the roof! I was hoping for prices to stabilize somewhat.....I am in south florida btw...so very high housing prices overall. +Citadel owns 1473668 shares of AMD as of February 16th 2021. + +[https:\/\/fintel.io\/soh\/us\/amd\/citadel-advisors-llc](https://preview.redd.it/uew676w54xv61.png?width=1434&format=png&auto=webp&s=8341d97f5254a9778c346ccc8a0e4090e9f96ff4) + +AMD posted their earnings results yesterday after close. + +EPS 52 vs EPS 44 (estimated). Meaning that they did almost 20% above expectations! Yet, the stock price dropped hard and is still dropping. + +https://preview.redd.it/n2kkzldc4xv61.png?width=323&format=png&auto=webp&s=6118c0967c36f5361c0bf3c72b4395073af5839f + +[AMD 5D chart. Friday at 79 and peaked at 90 before Citadel \(an assumption\) started a massive dump today.](https://preview.redd.it/xwdsgdvx5xv61.png?width=646&format=png&auto=webp&s=12ff7615de55e51505a39c5bfaa1c2131fea9afa) + +Who has 798300 calls and 560100 puts on MVIS? Citadel. + +What did MVIS do in the past couple of days? Pumped from 10$ to 31$ and then dumped to 21$ this morning. + +[https:\/\/www.sec.gov\/Archives\/edgar\/data\/1423053\/000095012321002766\/xslForm13F\_X01\/0000950123-21-002766-3228.xml](https://preview.redd.it/6ertegm35xv61.png?width=1317&format=png&auto=webp&s=1dc2f00c061b703c04181f1e0852dc2c593ef192) + +[MVIS 5D chart, Friday at 12$ peaked yesterday at 31$ and now dumped.](https://preview.redd.it/ar419it66xv61.png?width=660&format=png&auto=webp&s=245155e7f5e22cce1173bbe3b16e35092f5518e3) + +Let's see what else these guys have... + +Tesla: + +20M calls + +18M puts + +what did Tesla do this week? + +https://preview.redd.it/hlspp5op5xv61.png?width=1318&format=png&auto=webp&s=127e335b7a6efafd333cf2560db78eaa8980bef8 + +Tesla over the last 30 days went from 600 to 745 and in the last 5 days it started dropping. + +And all of that despite the news that their had a fantastic quarter and also that they managed to profit with over 100M+ in their BTC sale. + +https://preview.redd.it/mtih0rwr6xv61.png?width=654&format=png&auto=webp&s=cb5028223bc36b4e825159f5514015fb7f4ed16e + +Now I'll start choosing completely random Citadel holding from their 13F. + +ABT + +1,1M calls + +937k puts + +https://preview.redd.it/s34a8cf77xv61.png?width=1311&format=png&auto=webp&s=06d20e130fddabebe0878dae402a00c393874a49 + +[5D chart. Looks very similar to one of them wash sales everyones been talking about...](https://preview.redd.it/0uq6klee7xv61.png?width=647&format=png&auto=webp&s=319fe1be3ffaf949d0570e55d9c599d8038e8a2b) + +ATOS - penny stock + +oh look, another pump and dump + +https://preview.redd.it/p1ufwg208xv61.png?width=1205&format=png&auto=webp&s=1f1e754a81a08e8a91e527381b595575927b1df7 + +[13F is from Feb 16th meaning that it lines up nicely in the timeline.](https://preview.redd.it/r3g529128xv61.png?width=656&format=png&auto=webp&s=902629ae4a1bfeab095dafc2ea1b0ffa6fcf733b) + +Citigroup + +oh crap, someones puts are losing them money... + +https://preview.redd.it/c9pbs86g9xv61.png?width=1236&format=png&auto=webp&s=63e103cbc53e5d3fc8f8eaac6bab271f7bc50ecd + +https://preview.redd.it/wkbmkgsh9xv61.png?width=651&format=png&auto=webp&s=2a2469e1331699ab60a84bf8fb3e9b4d520440bb + +Pinterest + +Another oof for Citadel! what happened here? Just your casual 9$ drop, nothing to see here + +https://preview.redd.it/9pef8zsnaxv61.png?width=1217&format=png&auto=webp&s=b654472de3427fc6e84ee1588c2a496e20a9cfa0 + +https://preview.redd.it/vbtdkq6laxv61.png?width=663&format=png&auto=webp&s=80e1261755dd3f2122fc578ca525b1cc88087698 + +Spotify + +And another one! Damn Ken! 26$ drop + +https://preview.redd.it/qhvc6q50bxv61.png?width=1201&format=png&auto=webp&s=d11f997d12a4298249fe3f07cce9bed95d1a0e26 + +https://preview.redd.it/v5h0ix31bxv61.png?width=669&format=png&auto=webp&s=c593010136336be5682425070d9d0b1578f32aec + +TA:DR - Ken is fukd. + +&#x200B; + +EDIT: All 4 companies are on their balance sheet per the latest filing. Observe the 1 minute chart which I highlighted. + +https://preview.redd.it/bfug86ubzyv61.png?width=1551&format=png&auto=webp&s=725b4109db22f4460c383ecf04992e4a87b877e5 + +EDIT2: BTC is making a massive sudden dump as soon as the market closed + +https://preview.redd.it/fipdw0jj3zv61.png?width=329&format=png&auto=webp&s=4fc1aca9f0189916a37108024c1d465816e9202d +Source: https://www.sec.gov/regulatory-actions/how-to-submit-comments + +>When multiple comments are submitted with identical or near-identical content, only the first copy of the comment received will be posted publicly, along with a **RUNNING TOTAL NUMBER** of that comment received. + +☝️ Emphasis added by me. + +It doesn't matter if *your* comment isn't original or fancy; SEC will keep a **HIGH SCORE BOARD** of similar opinions. Ie. you can **UPVOTE** what you object or agree on just by submitting a comment to SEC. Do it now! + +List: https://www.sec.gov/rules/proposed/proposedarchive/proposed2021.shtml + +One important thingy: +https://www.federalregister.gov/documents/2022/02/04/2021-27531/prohibition-against-fraud-manipulation-or-deception-in-connection-with-security-based-swaps + +Edit resources: + +https://www.reddit.com/r/Superstonk/comments/skaxc8/like_an_idiot_i_posted_this_while_everyone_was/ + +Edit 2: +>In submitting a comment, it is important to be as short as possible and provide facts and support - which is a hallmark of #Apes but I feel I have to say it anyway. It helps to avoid accusations against SEC since you are asking them to do something. + +>Source 2: https://twitter.com/LisaBraganca/status/1495030361365098498?t=LMTRc4hkPjZmPAdz5s_qbA&s=19 + + +Edit 3: + +>Think about writing to someone at the SEC who is on our side but is fighting against the entire industry and the status quo bias. Give that person the facts and evidence to get this done. Also, you can respond to comments already filed and submit contrary evidence. + +>Source 3: https://twitter.com/LisaBraganca/status/1495031076250599424?t=xyVch-6aL4XVfSGgZULurg&s=19 + +Edit 4: + +Already submitted comments can be viewed by navigating down to for example the [Proposed Rules](https://www.sec.gov/rules/proposed.shtml) page from the [How to Submit Comments](https://www.sec.gov/regulatory-actions/how-to-submit-comments) page, then looking for a link within this line under each rule: + +*Comments received are available for this proposal.* + +Edit 5: + +Since this is my 15 minutes, I'll SEO for the best [Reddit GameStop](https://www.reddit.com/r/Superstonk/) sub. +TL:DR at end + +I’m just a smooth-brained ape, but here’s the limited evidence I’ve gathered thus far: + +1. Apes that transferred their shares from RH to Fidelity, etc, are seeing their shares arrive as fractions that add up to their total *purchased* (ahem) shares; +2. Apes report pages upon pages of fractional shares bought at prices they obviously didn’t pay (I.e., u/AssRanch69 bought 10 shares on RH at $130 but when they arrive at Fidelity it shows .3 of a share was bought at $186, .6 of a share at $481, etc); +3. Thus we may assume that AssRanch69 didn’t actually have 10 GME shares in his original account and RH was forced to cobble together 10 shares upon Fidelity’s transfer request; +4. Since RH has shut down trading of stonks and crypto on at least 3 occasions, when it was in their best interests (but not their users’), we can assume they are shady as fuck and these jigsaw puzzle shares ought to be examined extremely closely. + +Hypothesis: when investors buy shares on RH they are in fact buying an IOU, as RobinHood either 1. does not have the shares, 2. does not have enough shares so they pilfer fractional bits off other users accounts that actually contain some, or 3. has so few they have to purchase them from other entities willing to part from them on dark pools for prices far exceeding the market (which explains those fractionals over $300-400). + +TL/DR: RH never owned the majority of shares its members “bought”. RH either 1. Didn’t buy their shares on the market; 2. Is cobbling together fractional shares from remaining members’ accounts to transfer to Fidelity; or 3. Buying shares at way higher prices from dark pools from entities who will only part with them for prices way higher than the actual market’s. Or probably all three. + +I’m but a dumb ape slinging unrefined poop at the audience, so, please, wrinkle-people, make smart of this? + +Edit: I’m currently editing grammatical errors, not susbstance at 4:58am MST. Be done in a min + +Edit 2: Apparently some people are seeing fractional shares that were purchased for over $500. Where were they purchased if GME’s reported high is $483? + +Edit 3: u/Spimany says one of his fractionals was bought for $700. Someone explain...? + +Edit 4: u/Dirty_Epoxide just shared [this image](https://imgur.com/XBWcLK4) of some shares he transferred. He definitely didn’t buy shares for $911-$963, so...? Are these wash sales? Someone explain? +I'm posting this comment that I made on a different post because I think it's important. The targeted attacking of individuals on this sub needs to stop because it's an absolute distraction and quasi witch hunt. Have you guys noticed how all the OG DD authors have gone dark!? It's because they get attacked every time their TA or research misses mark. We are up against some of the most intelligent people in the world with near unlimited resources. This is not going to be easy. + +We need to identify and ban Shills, YES! But we need diversity when it comes to research and educating ourselves on the market. Many people that are attacking the "DD" group with anti-TA sentiment are people that have never offered an actual intelligent contribution to this sub. I would rather have a mountain of TA and DD that doesn't come to fruition than have a mountain of the same twitter screenshots or news articles or even stupid ass recycled memes. The quest for knowledge of the unknown will never end and will always include mistakes and missed projections. + +Additionally, people need to remember that the "enemy" is monitoring this site more closely than any of the loyal members on the site. As soon as we find a chink in the armor or a pattern, they will make adjustments to change the path so we can't follow it. That is absolutely what happened with the last two cycles that we followed in January and this month. November 3rd (3 weeks before the cycle end) and Jan 6th (after hours) experienced unusual price surges. I believe they settled early to throw us off the scent. Just keep buying, DRSing, and hodling. If someone doesn't want to DRS then that is completely fine. We are not a single minded group. We are a single group with a common interest; support our favorite stock and company! Be positive. Hope for the best and prepare for the worst. Our day will come when our company will take the throne! +How long did it take to make your first million? + +What was your starting capital? + +How many hours a day did you spend trading? + +What kind of trading do you do eg. Swing /day trading? + +What do you trade eg. Forex, crypto, stocks? +TurboTax made me manually review 77 of 185 trades because the trades had a $0 cost basis (options I sold that expired). I use RobinHood. How to prevent for next year? +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! + +Macroeconomic chaos. +Inflation. +War and fear. +Stock market in shambles. +Liquidations due to overleverage. +CEX’s stopping withdrawals. +Coinbase hurting. +Blue chip NFT floor price valuations down 90% in some cases. + +We know the financial institutions are short, and we get to sit and watch them bleed. + +We know they are going to be fighting, every single day, just to stay alive, and all we have to do is: + +BUY HODL DRS GME + +ggme +This is coming from someone who works out 2-3 times (Edit: not super intense workouts) a day 6 days a week. + +I some how pinched a nerve in my back and I haven't been able to walk for just 1 day, had to crawl to the bathroom. It's very humbling and you don't realize things until you can't do it. + +All the FIRE goals are kind of meaningless if you aren't in decent physical condition. Not just work out ,but properly make sure you eat right, sleep right, stretching etc. As a bonus that'll also decrease you healthcare costs. Don't neglect those in your goal for FI or after you reach FI +Long story short, my salary has ballooned from $600k to $1.3mm over the past 3 years. NW $4.5mm. I’m 41 and have a wife and a 15-month old. + +I’ve always been proud of being financially savvy and on the more frugal side. Over time, our annual spend has crept up to about $240k a year. Mostly due to $100k/year mortgage, house upkeep, RE taxes… and caring for our little guy. We drive a Mazda CX5 and a Jeep Liberty. Wife doesn’t own designer clothes and I certainly don’t. We also have an issue with spending too much on food I think ($2-3k/month) which I’m working on. + +In essence, I’m struggling between tihe push-pull of being disciplined to a tighter budget … we clearly have some fat to trim on unnecessary items. And being okay with spending money. I work tons, am exhausted from taking care of our kid and if I had more energy would love to try and be more savvy with our income. + +I’m legit more impressed by people who live cool lives while pinching an occasional penny, than any culture of excess and wealth. + +And yet, I see friends who make far less than I do dropping cash left and right on the nicest hotels, cars, designer clothes. And SOMETIMES wish I could do that too. But I truly can’t get okay with spending $900-1000/nt at a Four Seasons these days. (wtf is going on with hotel prices?) + +Growing up, my father was a psycho about money. Never a high earner (never over $100k) but managed to save many millions. It was instilled in me that it’s a virtue to not spend money, even if you have it. And on one hand I admire him so much, and on the other I occasionally want to drop some major dough. + +I do have a goal of retiring in 9 years so that’s a major consideration too. + +Have any of you gone through something similar? I’m almost embarrassed to share this… talk about champagne problems. But it’s really messing with me. +I'll keep it simple this time. I am 50. I have been investing for 22 years, just not in dividend stocks. + +I need to generate a monthly income for about 1 year. These are not long term investments. + +$40k each in SCM and PFTL + +$20k each in IDIV and NUSI + +That should generate $900 a month for a year which is what I need. + +What do you think? +I noticed that a segment of the ausfinance commenters would push the narrative that the fed outpacing our rate hikes would eventually plummet our dollar. + + +Of course this meant that we would begin to import inflation as a result? (Although conveniently the TWI is ignored since it was stable). + + +Anyone who made financial decisions on that sentiment would be pretty rough right now with a 10% movement since then. + +Edit: Maybe this post came off a bit glib? Hadn’t realised this sub would be so hostile to having a reflective moment and challenging the narrative that’s yet to materialise since early 2022. +As I sit here struggling to calculate taxes on an [ISO](https://secure.wikimedia.org/wikipedia/en/wiki/Incentive_stock_option) exercise (I may end up getting the Earned Income Credit *and* owing AMT), I'm overwhelmed by the sheer incomprehensibility of the US tax code. + +I believe the government has the right to collect income taxes. However, when the laws reach a level of complexity such that ordinary citizens cannot faithfully follow them (even with the expert assistance of an accountant), we are being deprived of due process. + +Any lawyers out there want a test case? I've got a clean history (tax and otherwise). Heck, I even used to *trade options for a living* and I still can't figure this stuff out. +I hate to share a sob story, but that's what I've got and I need to pick brains for ideas I may be missing. + +I am a 40yr old guy. After 20 years with the same company, I was just laid off from my Senior Technical Analyst / Senior Technical Support Engineer position. A few years ago, I began to have severe trouble with my back to the point I could not even navigate my own home. This did not affect my work, however, because I was already telecommuting full-time (and have my entire career). + +Finding a similar job is proving difficult, given the limitation that I can not leave my home for an interview or for the actual work. (And mind you, there is no reason my position can not be fully performed remotely). Unless a job specifically announces it is remote work, I'm not sure how to squeeze into it *anyway*, and ask for my need to be treated as a "reasonable accomodation". I am *perfectly* capable of doing the work I've done for the last 20 years. Literally the only thing holding me back is an employer's unwillingness to set me up with a PC, VPN, and phone remotely. + + +**INCOME / DEBT:** + +At the moment, nothing. Some 'unemployment' payments should be coming in for a little while, but that's it. I should have a little money coming in from being laid off and it'll be just enough to pay off my $6k in credit card debt. + +My income up until this point was a base salary of about $86k, but with shift-work and on-call pager-duty, was about $135k this year. + + +**SAVINGS:** + +I have $190K in a 401k and $10k tied up in a Prosper account. The 401k has an outstanding $18k loan, which I've been told by Fidelity that I can let "default" after 45 days and then (I think) that $18k will be treated as income and taxed the same for the year it defaults in (and then I'll also pay an extra 10%, so probably totally $7500 on this?). + +I have enough money in my checking account to pay my mortgage on December 1st and January 1st. Then I have literally no more money. + +That's all my savings. That's it. Yes, I used to have a lot more saved and invested. Yes, I know I should be in a much better situation than I am. Given the length of my employment (entire adult life with this company), I took the risk of helping a friend to the tune of $200k over the last two years. I expected that I would buckle-down in 2018 and regenerate my safety-net from that point on. I was not expecting to lose my job this Thanksgiving of all times. Yes, this was stupid. I just really wanted to help my friend out and didn't realistically thing it would destroy me. + + +**ASSETS:** + +I have a home in the Denver metro area that I bought for $195k in 2010. It has had about $100k or so invested in it (gutted the basement and two floors to update them from 1969 styles, insulated the attic, updated the 50amp electrical panel to 200amp, added some 20amp outlets on two floors, added a very nice new bathroom, installed a new boiler, installed new baseboard hydronic heating, new evaporative cooler, new roof). It could still use some finish work to make it presentable for a sale. Zillow claims it could sell for something like $330k. I have no idea how accurate that is or how fast it would go. I still owe about $140k on it. + + +**MONTHLY EXPENSES: (~$1,950)** + +* Mortgage: $825 +* Property Tax: $200 +* Homeowner's Insurance: $220 +* Power: ~$250-$300 *(It has been about $140/mo while I'm here alone but I may have a sibling and their sigifnicant other move in and last time they did that it easily jumped up to about $300/mo).* +* Cell/Ting: ~$20 *(this includes my service and a phone for my aging mother).* +* City utilities (trash, sewage, water): ~$40-80 *(Is around $40 when I'm alone. Probably more like $80 with guests in the house).* +* Internet: ~$100 *(Need it to job hunt or do just about anything else, since I'm not able to get out of the hosue to even go to the unemployment office and file things in person, for example).* +* Medication: ~$5 *(I take blood pressure meds and urgently called my doctor the day I was laid off to get them to update my prescription for a full year and I can probably fill it at Walmart for this).* +* Food: ~$150 *(Denver is stupid expensive for food. I think I can maybe get enough calories and protein in my body if I mostly focus on rice and beans.)* +* Misc: $20 *(I have an elderly cat. I figure $20 or so per month for litter and food). + + +This doesn't include medical coverage. With the ACA, I don't think I can afford that with no income. It seems to be about $300/mo for the privelege of having them pay about 40% of *some* expenses after I've met like a $6k deductable for the year. With a very minimal income, it seems I *might* be able to get enough tax credit to pay only $60/mo. Still, for something I can't afford to use, so this is literally money that I'm just paying for nothing. Alternately, I can pay like $700 penalty next year and have no coverage (which seems even worse, being I'm 40). This also doesn't include dental coverage. I need some dental work and it looks like dental coverage would be at least $60/mo and I wouldn't even be able to get anything significant done until the *second* year and even then only up to $1500 with them covering 50%. This also doesn't include vision. I don't think I can afford to have *any* of these things and my best bet is to find $700 somewhere and just pay the government to not give me health coverage. + + +**HELP?!** + +How can I make the best of my situation? I'm really scared, because I'm 40 and in poor health and am worried I may not be able to get a job again at all -- much less an equivalent one. At this rate, I see myself ending up old, literally broke, never being able to retire, and scrounging at some awful job just to barely get by. I never saw my life going this way... It is the way my parents have gone and I don't want to suffer like they have had to. + +My sibling and their significant other are probably going to move in in a couple weeks and we have discussed what we can do. It is likely that we will split things three ways (including mortgage) and I will give them their share of equity in the house if I ever sell it (calculated as whatever percent of overall mortgage payments they wound up covering). + +If that works out, it could take my monthly expenses down to about $800 including food and pet, but not including ANY sort of health, dental, vision or anything else. + + +I can only think of two ideas. + +*Sell House:* + +I can get someone to help me do some work on the house and then sell it. Maybe I'll get lucky and it'll sell fast and for like $330k (the last owners had it on the market over six months before I came along). I'll eat a big loss considering I spent about as much to renovate the house as it has (maybe) increased in value. Then I could pay the bank back the $140k and use the remaining $90k (or whatever I get after paying a real estate broker and taxes) to live on. I'm not sure how or where I would live very long on $90k, but at least I'd (maybe) have up to $90k. + + +*Cash Out 401k:* + +I can cash out my 401k. It was $179k last I looked. Subtract that $18k and it's $161k. Figure 30% tax and 10% penalty, so I keep 60% of it. Maybe that leaves me with $96k. Use $7500 of that to pay off the 401k loan tax and penalty, leaving me $88k. That's $88k to live off of for as long as I can stretch it while having my house to continue to live in (though I'm then paying whatever portion of the mortgage and expenses still). + + +Which is better to lose? The 401k or the house? Either way, I feel I am just delaying the inevitable and have no future. I've been living every moment of the last two weeks like I'm constantly hyperventilating. + +Thank you for reading this. Thank you for any consideration you give it. Thank you for any advice you offer. + +Regards. + +Im 17 years old turning 18 in feb. I have 18k saved up now working 2 jobs and i live with my parents who pay all my bills and i dont really spend money. I am wondering if its a wise financial decision to buy a used car. Recently i have been looking into used cars and am interested in 2013-2017 used honda accord or civic. they range from 12-19k. i am planning on waiting until may 2023 supposedly when used car prices will drop. And this is when I will definitely need one i since this is when i start my adult life and will be working with my uncles company. i have gotten an insurance quote and will put the insurance under my fathers name. it will be $300 a month. i am also wondering if i should pay the car in full. or do half down payment and slowly pay it off from there and increase good credit. please give me some advice what the best solution in this situation is. thanks +I don't know if this is the appropriate place to ask this. +Is it because of taxes? What can I do to ensure I at least make the same each paycheck as him in order to supplement our budget? + +Edit: Disclaimer: I couldn't care less who makes more money in the relationship this is more about our income and bills +I’ve been job searching for the past few weeks. I finally landed an interview for a per diem job at a hospital. I’d be excited to take this job, however it doesn’t pay much. Most of the reviews say this place barely pays a livable wage, and I need to move out of my parent’s house soon. + +Meanwhile, my parents found a job at a great school, through connections. It would teach me the skills to make good money. I already kind of said yes but am now regretting it. + +Idk if this sounds privileged or whatever. But I don’t want to look back on my life to see that I didn’t get to where I am, through my own merit. I don’t want to be unprepared to handle difficulties later in life because I never really had to. But it’s also such a great job.... +**Sorry gang, Sky-net & the lizard men have joined forces...** + +**You'll have the ''sort by new' yourselves, should be fixed by this arvo...** + +&#x200B; + + + +Your markets are run by bots. Now your [r/Asx\_bets](https://www.reddit.com/r/Asx_bets/) daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I have seen people lose everything on stocks and very few people gain a lot too. + +Many people say mutual funds will give handsome returns if invested for a long term. Many financial advisors use SIP calculators say one can earn even 10 crores rupees by investing small amounts regularly for 3 decades. + +Is it true? Do you personally know anyone that became wealthy by investing in Mutual Funds? + + +Edit : Most people are advising me thinking I am looking to become rich quick. Thanks to those people who are advising me and stopping me f making a bad decision. + +What I wanted to know was merely if you guys know someone who became rich through mutual funds. Any personal experience +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! + +A drop from $250 to $160 doesn't even phase me anymore. In the slightest. The past weeks I've become more resistant than at any time before. +We've seen the earnings hype before, but now with DRS any fears I had are completely gone. Brokers, banks, the DTC, they can all go bankrupt. Shares being directly registered in your name means any middleman has been cut out. +Meanwhile the market continues to keep up the illusion of pumped up prices and extreme levels of inflation. +Evergrande, Citadel restricting withdrawals, random crypto crashes, omicron volatility (based on extremely little data). +Any moment the egg shell can crack and the completely hollow, rotten out substance of the market is revealed to the world. + +The DD is as solid as it ever was and all FUD has been debunked countless of times. +I'll continue ticker watching, but I am unshaped as ever, steady as a rock, steady as a big fat ape. 🦍 +Either we squeeze, or we squeeze after GameStop has turned into a tech company under RC's command - with a skyrocketing in the price as the FOMO crowd finally sees the added value. + +MOASS is inevitable. Thanks to DRS apes can hold care free for years. +Go take a look at one of the top/hot posts in News. That comment section looks straight out of the meltdown sub we all know. It makes me feel like Neo and he started seeing the code in the Matrix. How can so many people be so clueless. The fact that they still think NFTs are just jpgs is crazy. All it takes is a simple google search and 30 minutes later you'll have a window into the future. Buckle up! GameStopNFT marketplace is just the beginning. +As the title says, how probable are fraudulent transactions in India if you follow due diligence, like not sharing CVVs, OTPs, using it mostly for online purchases. + +Can you share experiences of yourself or someone you know who has been defrauded. This would give better awareness over the usage. + +Besides, I have specific questions for which I would be glad to see a response. + +1. There have been newer ATM machines with contactless withdrawal. In an event of loss of card, would the thief be able to withdraw the entire limit in batches of 5k? +2. Is it even possible to do online transactions without the OTP? +3. Is a card protection plan really useful? + +EDIT: Updated the description to add more questions. +Hi all, + +I have been looking into the above. I understand these houses do not cost €1 and all is well. I know that this is an investment into a property that will be needing lots of renovation work and lots of support to bring back into a liveable state. + +I am looking for honest, open opinions as to the investment process and likelihood of it being a good idea - generally speaking. + +I am aware that it would be a case by case basis, and that you’d need to check the level of work needing to be done and costs, per property. + +Has anyone done this, or know anything about it? Is it worthwhile? Or actually… not that great of an idea, at all! Just a good marketing ploy to reel you in to buy a property? + +I would like to look into it if worthwhile as family have moved to mainland Europe and I’d like to be on the continent too. It wouldn’t be to live all year, but certainly a place that would be visited often and would be accessible to family (France). + +Please only helpful replies. I am here to be enlightened, not made fun off as I know this not an opportunity to buy a cheap house. + +Thank you! +My wife is a software engineer in a startup (~150 people) that she joined last November. + +Things didn't go well since she joined and there has been some tensions/conflicts with one of her team member. + +Her manager decided that there was no way to fix that and that she should find another job. + +Now, that's where things are a little bit weird. Her manager told her that she'll still be employed for another 2 or 2.5 months: she is still on the payroll with benefits, but she is not expected to take on any tasks or participate in any meeting. Instead, she's just expected to find a new job. Even if she tries to participate, she's basically ignored by the team, so she is clearly excluded from the day-to-day job, but still on the payroll. + +That's quite awkwark, and there is no official date that has been given to her on when she will be officially fired. Everything has been mostly vague. HR hasn't talked to her about any of this, just her manager, though we learned that most of the company managers/execs are aware of the situation, so HR likely is aware too. + +Now, we've never been in this situation, and it kinda feels fishy. It feels like they are just pushing her to quit rather than fire her, but that would make her ineligible to claim unemployment. But at the same time, maybe she won't be able to find a new job within 2 months, so we're wondering whether the company could then be able to deny her claim because she didn't work for 2 months (but she wasn't given any tasks, and is ignored if the attempts to do so!). + +I'm curious if anyone has any thoughts/recommendations regarding this? +Many information retailers reported that [Dogecoin](https://swapzone.io/currencies/dogecoin) grew up almost 30% after Elon Musk's decision to buy Twitter Inc for $44 billion. + +As you may know, Musk loves stirring the pot. In February 2021, he mentioned that he had bought $1.5 billion in [BTC](https://swapzone.io/currencies/bitcoin) and meant to simply accept it as cost, triggering a spike in each the corporate’s inventory and the foreign money. Nevertheless, Musk changed his decision later, precipitating a decline within the worth of BTC and other cryptocurrencies. + +And what about [DOGE](https://swapzone.io/currencies/dogecoin)? Speculators have purchased Dogecoin due to Musk’s “obsession with the cryptocurrency,” and therefore, the potential for Dogecoin to be given further utility on one of many prime social media networks. + +What do you think the future holds for DOGE? + +[Source: globalonlinemony.com](https://preview.redd.it/ab1bn56lyuv81.png?width=1280&format=png&auto=webp&s=f780e280088f5a515bac529cd6a8011bc01cd808) +Hello guys, completely noob on financial markets, did some discretionary option trading, trying to get into Algo/Quant Trading, didn't know how to code, what would you guys recommend to help into getting into Algo/quant trading from creating algos as well as backtesting it. +Was assigned $WKHS at $18 on March 5th. +Naturally started selling covered calls for many mths while it was down a for minimal profit usually close to the money. Well I got unlucky few weeks ago when the stock started rising and my covered call for June 18 at $10 is now in the money! +Roll? Or let the shares go ? Or something else ? + +I’ll also post this in options to get more opinions + +** Hi everyone + thanks for all the advise, after careful thinking I decided to let the stocks get called away and start working on new opportunities +I am 25 years old and have a salary of $58k. My only current debt is $26k of federal student loans (interest rate around 4%) currently on deferral for Covid. I recently finished paying of ~$50k in private student loan debt and I am now switching to an investing and saving mindset. I have about ~$8.5k of cash on hand in a checking and a online HYSA. I invest some cash into my ROTH IRA every month but want to continue to have liquid funds available for the next 3-10 years. (I will need a car upgrade, Engagement, marriage, house, etc.) I am thinking of opening a brokerage account and keeping my “liquid” cash in their and investing in something deemed to be non-risky such as U.S. bonds. (FXNAX) Is this a reasonable move, or is the difference in interest not worth the risk? (Currently receive 0.5% in HYSA and Bonds have a 10 year average of about 3.5%) thanks! +Hi some context before I start, I'm 24, earn 41k and I've just had my offer accepted on my dream flat. However the flat costs 186k. After putting down an £18600 deposit I'll still be left with a high mortage. I'm not too bothered as I've budgeted and each month I'll end up with £600 to save after all expenses including disposable cash. + +I'm buying a flat in the Strathbungo area of Glasgow. My friend bought his house for 135k in an outer area of Glasgow + My friend has spent the past few weeks telling me I've made a mistake and I shouldn't have such a big mortgage being so young and as a single person. I'm starting to doubt myself and wondered if anyone had any advice? + + Further context: I come from a deprived area in Scotland and my family are what you would consider poor so I won't have anyone to lean on for financial help apart from myself. + +Edit further context: Fixed 2 year deal at 3.35% mortgage payments of £740. Budgeted for this. + +Pension contribution is the teacher salary scale in Scotland opted in pension. +I'm starting a private (possibly vanguard) pension this coming August. +Long term goal is just to live somewhere nice and make my mum proud so I'll be happy in this place. + +Further edit: I was able to jump to the top of the payscale based on specialist work experience (when I was 16). +"In December it \[the Fed\] projected a measly 0.75 percentage points of interest-rate rises this year. Today an increase of 2.5 points is expected. Both policymakers and financial markets think this will be enough to bring inflation to heel. They are probably being too optimistic again. The usual way to rein in inflation is to raise rates above their neutral level—thought to be about 2-3%—by more than the rise in underlying inflation. That points to a federal-funds rate of 5-6%, unseen since 2007. + +Rates that high would tame rising prices—but by engineering a recession. In the past 60 years, the Fed has on only three occasions managed significantly to slow America’s economy without causing a downturn. It has never done so having let inflation rise as high as it is today." + +[https://www.economist.com/leaders/2022/04/23/why-the-federal-reserve-has-made-a-historic-mistake-on-inflation](https://www.economist.com/leaders/2022/04/23/why-the-federal-reserve-has-made-a-historic-mistake-on-inflation) +Wanted to make this post for everyone considering Jeremy Lefebvre’s Financial program (Financial Fortress or whatever he is calling it now).... He should be paying you to listen to his analysis of companies. It may be entertaining, but it isn’t going to make you any money over a long period of time. Please see the post below. Trust me, when it comes to investments, you don't need any of these courses. I am trying to look out for you guys here. I am a professional in the finance industry so I know what high performers do to get results. They don’t listen to these gurus. They read about investments and they read 10Ks and talk with companies, etc. They aren’t in any stock groups because they don’t trust the information and good investment ideas aren’t thought up by average people. Good investment ideas come from understanding, and understanding comes from smart and thorough analysis ON YOUR OWN. Please just go read about investments from REAL investment professionals that have the best track records, there are many of them, and many have published books about their philosophy/approach. This guy has no track record and is trying to sell you something that costs $7,500 - sound stupid? Yes it is. By the way, the NET PROFIT (not gross) margin on that course is probably 98%. I doubt he has more than $500 in fees. He easily makes any fees back on his youtube channel from ad revenue… This is a wonderful business! You can see how these massive incentives can cause people to get involved in this trickery. YOU’VE BEEN SCAMMED. Just wait until your portfolio goes down and you sell out of fear. + +Lol this guy gets rich off of mostly stupid poor people who can't read books about investing and are easily sold by snake oil salesman. Then, said salesman, who sells a yearly program for $7,500 says he is going to give his “billions” (pulls this number from his grandiose, narcissistic, sociopath psyche) away... hahaha all of your money has come from peddling courses to poor people dude. Peddling dreams of getting rich by buying a few stocks these kids know nothing about. At least be honest and say where you got your money from - “I got my money in a very profitable business... Selling pure profit margin courses." Your portfolio is terrible by the way. You've lost a ton of money on a bunch of these trades and you can’t judge people on short term results in the stock market - ever heard of 2008 - 2009, or the internet bubble, or the nifty fifty? Why don't you talk about those?? You've never ever experienced a down/bear market in your investing life hahah. You pick all the high flyers. Just wait. I guarantee you don’t beat the S&P INDEX over a 15 yr period. The stock market has increased by 4x since when you started buying stocks in the financial recession of 2008 / 09. It is easy to make money when the stock market is going up 4x since you started. All of these kids you are fooling would be much better off going and reading books about investing rather than listening to you. You are a great marketer though. Give you that. But most of these kids you are selling can't even read and just want to be rich tomorrow = bad behavior. You know what they say, most of the people who got rich during the gold rush were selling shovels. That's Jeremy Lefebvre. Also, why are you talking about billions? Your ENTIRE net worth has 95% been created by peddling courses and it isn't even 10 million... Your stock account has a million in it… SO WHAT - I worked at a firm that ran 3 billion and they still do. Beware guys.. idk why you would want to be in a group with a bunch of average stock pickers - you don't get rich listening to what other people tell you based on trust (how do you know that they are correct, or are just trying to sell you something, or their cognitive biases aren’t in the way of their judgement - YOU DON’T) - that isn't how Buffett made his money. You also don't get rich buying Tesla stock. How did GO PRO work out for you Jeremy? This is what happens. We no longer hear about GO PRO anymore. The guy picks the stocks that are moving up and acts like he’s a genius. Make 10 million first before you talk about giving away billions out of the goodness out of your heart. You haven't produced an ounce of good for this world so please stop the salesmanship/woke/Elon Musk save the world crap. Like I said, if you are considering buying his $7,500 course, please just go spend $100 on books. You will have to unlearn what Jeremy will teach you. And it will be damaging. + +Can you imagine if Warren Buffett tried to charge $7,500 to get into his shareholder meetings every year.... or read his annual letter to shareholders? + +Instead of making money on his trades, Jeremy Lefebvre makes his money on YOU! Not from picking the latest high flyer speculation stock like Tesla and Go Pro. + +&#x200B; + +**Update:** Apparently his program costs have gone up. Imagine that. Massive bull market! Let's steal from stupid people - while everyone who knows nothing about finance and investment piles into the stock market on expectations of easy riches. + +See the comment below from MayoAreBack... **Jeremy Lefebvre now has programs that cost 24k. His least expensive program cost is $9,000.** It is so obvious this guy has gotten rich scamming stupid people, not by his own trades. Sure he made some money on Tesla. Who cares. Doesn't mean Tesla's valuation is justified. Doesn't mean people are trading on fundamentals. I think the fact that he bet on Tesla makes him stupid, not smart. I don't care that the stock has gone up. It was stupid to invest in that company. What would you guys be saying if the stock was at 100 bucks right now? We'll see what happens, lol. + +**Maybe this online financial advice should be regulated by the SEC or buy the government. I will talk with some people and make some calls. They might be interested in a law suit when people start losing money in the stock market when interest rates eventually go back up, or fear spreads.** + +24k is 2 years of rent. 24k is a new car. Ridiculous. + +FYI - some of you got the impression that I purchased his products. I have not. The wording in the first paragraph was bad on my part, it made it sound like I may have purchased his stuff, but I was speaking in general from the POV of someone who had purchased his stuff, not myself. **I made this post in about 2 minutes (that's how much I care about this issue), so excuse the grammar and punctuation mistakes.** I don't need some guy to tell me to go buy growth stocks because they are going up because we are in a growth/stock market bubble. Apparently, he is a genius because we are in a bubble. Regardless, I still think he is lying to you guys on Youtube about where he has really made his money (scamming people on courses and programs and group chats), and what he keeps his money in outside of these high flying growth stocks, that he only buys for publicity. Shameful to mislead people like that. And he also promotes the stocks he is buying. Ever notice when he buys a stock, people join... That is a sign of a irrational bull market. +https://imgur.com/a/dhvnysH + +Using Owner Earnings = Operating CF - Depreciation - SBC. + +I assume Depreciation is representative of maintenance CapEx. + +MSFT FY23Q1 earnings transcript outlook gives me a weighted average of 11% revenue growth. Morningstar analyst had 10% revenue growth over 5 years in their model. I’m assuming owner earnings is growing at comparable pace as revenue. + +With a starting point Owner Earnings of 65B today, I get an intrinsic value of 1.33T for Microsoft with my projected growth rate over 5 years. I think they will hit the size problem with growth. + +Constructive feedback welcome. Thanks. +I was looking around for a better deal and getting quotes. The person from Budget Direct on the phone said because I’m a risk. Where’s the risk? I didn’t create the situation for the person behind not looking and rear ending me. Other insurers don’t ask this question in their sign up process. I understand if I was at fault. Sure. But not at fault. Common...got to be a ripoff. +[https://youtu.be/GMwE5\_h2xEA](https://youtu.be/GMwE5_h2xEA) + +# If this is your introduction to Dennis Kelleher and Better Markets, we suggest you check out the Better Markets [website](https://bettermarkets.org/) and this previous [AMA](https://www.reddit.com/r/GME/comments/mdt4vi/official_ama_with_dennis_kelleher_president_ceo/). + +# Some topics we covered - + +* Buy button being shut off in January 2021. +* Regarding SEC Report - Difference between staff report vs Agency report - this was a staff report. This report was done too quickly, and was not thorough enough. +* Questions raised about the conclusions of the staff report. +* Board of directors being able to talk about DRS. +* Abusive short selling. +* Market Reform. +* SEC. +* Superstonk. + +# Questions everyone still has - + +* What did Citadel know and when did they know it? +* What were the communications between Citadel, Melvin Capital, Point 72, and Robinhood? +* Why would they lend billions of dollars, unless they were reasonably certain they’d be able to get it back? + +**"At a minimum, it’s imperative that we find the facts." - Dennis Kelleher** + +There’s still a massive amount of questions here, just about the shutting off of the buy button. + +There’s a lot of reasons to be worried about both what happened, and what it means about what might happen in the future. + +Some Academics expanded the dataset and raised questions about the causes and the actions that led up to the shutting off of the buy button. + +[https://clsbluesky.law.columbia.edu/2022/02/22/an-academic-critique-of-the-secs-gamestop-report/](https://clsbluesky.law.columbia.edu/2022/02/22/an-academic-critique-of-the-secs-gamestop-report/) \- Their conclusions are not the same as the SEC staff report, and they talk about some of the inefficiencies with the Staff report's data. + +&#x200B; + +“It’s important to recognize that there is enormous power in the community that's been created around investing in the markets and they’ve demonstrated their power in the markets as we’ve seen over the last year. But I do think it’s important to recognize that to be really fundamentally effective in the markets, they also have to be engaged in the policy making process.” - **Talking about Superstonk💎🙌** + +[Template from Better Markets website to submit comments to SEC](https://bettermarkets.org/wp-content/uploads/2022/02/Comment_Letter_Template.docx) + +^(thank you to) [^(u/Luma44)](https://www.reddit.com/u/Luma44/) ^(for producing and editing the video; thanks to) [^(u/Luma44)](https://www.reddit.com/u/Luma44/) ^(and) [^(u/hipz)](https://www.reddit.com/u/hipz/) ^(for transcribing! Go Team🎉) + +Transcript will be out ASAP, will edit this post to include it +People who have built their bungalows/apartments what lessons did you learn? + +What should we ensure to save ourselves from malpractices? + +What's the maximum a promoter can demand as transfer charges per sq.ft of the flat? + +What should we as buyers ensure in documentation to avoid getting cheated by the promoter? + +Can the promoter sell open parking spaces? + +&#x200B; + +If there are other questions that you need answer to, please post them on this thread. + +Let's share our learnings as purchasers +So apparently Stan Lee released NFT collection from the dead. Stan Lee's twitter account has a tweet about an NFT collection. + +This was the tweet from Stan Lee's twitter account + +***From championing diversity to embracing new tech, Stan was 1 step ahead of the curve. To honor his innovative spirit, Stan's 1st Indian hero, Chakra The Invincible, debuts in his own NFT (digital art) collection from 7:30pm PT 12/27-12pm PT 12/29!*** + +The website is even worse + + **Honoring what would have been Stan Lee’s 99th birthday on December 28th, we are inviting all of Stan’s fans to celebrate his amazing legacy with us by sharing ownership** + +How is making money off him Honoring his legacy? + +I hate to see Stan Lee being used to shill something. I mean the person is dead , they just can't let the man rest in peace. Stan Lee was my idol when I was younger and seeing this company take advantage of his name and creations is heartbreaking. +Hello Reddit. I've been very depressed and stressed about about my debts. I'm finally reaching out for help because I can't keep it to myself anymore. + +Long story short I opened 4 credit cards in the last two years. Paid for dinners and dates and even a vacation with my ex girlfriend. I was making about 2k-4K a month depending on how busy the restaurant I was serving at was. +Then my car takes a shit.... + +So I decide that a new car is a great idea even though I've been told never to buy a new car and I knew I would be strapped if i went thru with it. So I got a new scion iM at 9% interest and I owe a total of almost 30k on it. + +Now here's where it gets fun! + +The restaurant I was working for closed, my girlfriend (who I thought I was going to marry, and she was going to help with the money we had spent) broke up with me, and now I need to find a new place to live by January because we rent our house and the owner is selling it. + +I'm so fucking stressed I can't sleep well, I'm gaining weight from eating and drinking, I don't know what to do. I'm selling anything I have that isn't a guitar or my bed, and I'm working at a new job but it only brings 400$ a week. + +Right now I have 6k in credit card debt (17% , 10%, 28%, 22% interest)and the car loan is 433$ per month. I am a payment behind on my car loan I know I'm in a horrible spot. Please if you have any advice let me know I need it... Thanks! + +Edit 1: wow I didn't expect this many responses. Big thanks to everyone for giving me advice. I'm at work right now and I will be home in a few hours to read every reply and to answer more questions. Thank you all so much, I'm already starting to feel a little better. + +Edit 2: what would bankruptcy do? (Would I lose all my money, car, and assets?) I only have read a little about it. I'm definitely ready to pick up another job. +I talked to my current employer and I am able to work 40 hours a week at 15 an hour. This will definitely help but I need a car because my work is 30 miles from my house + +Edit 3: how do I go about doing a voluntary repo of my car? How much would I owe from said repo? I could save a few grand and repo the car, then buy a cheap one cash and that cuts my debt down like crazy. I think the $433 per month plus insurance and gas is just too much for me. I'm also hunting for a second job as we speak. +I'm fucking in it with everyone. Not by much with 6 @ 222 but I'm not fucking selling any time until Wall Street shuts the fuck about their criminal/terrible investment. + +Not going to lie, I'm hella excited about next week and watching them shit their pants this entire week with all the media hit pieces and disabling Robinhood further proves my theory that their pants are soaked with shit. Love it. + + +Anyways friends. + +I'm going to get it if $GME hits 1K, who is in with me?! + + $GME TSLA MODEL S💎🖐️ + +Edit: And think about the small and local business we'll be supporting too, those that were shut down during the pandemic. This is trickle down economics at work. + +Edit2: **WE'RE NOT FUCKING SELLING, WE'RE BEING RETARDS AND GETTING TATTOO'S. THIS IS NOW A TATTOO CONVENTION** + +Edit3: Why the fuck did I forget rockets? 🚀🚀🚀🚀🚀🚀🚀🚀 by the way, I'm not a financial advisor, I just like tattoos and this stock in particular. + +Edit4: Some people are saying it won't hit 1K Monday, fine. **I DON'T GIVE A FUCK! WHEN $GME CROSSES 1K THIS WEEK I'M HOLDING AND GETTING THE TATTOO**. Better? + +Edit5: Damn, this shit blew up. I love you guys. A note to the mods in case you try to ban me if I don't do it. I will do it. I will set the appointment and everything for proof. Just please don't ban during this historical moment. Because of Covid's bullshit I'm not sure when I could get in to a store in Oregon. And if there is anyone who can do this tattoo near Portland, I'LL GET IT THIS WEEK. + +Edit6: **THE FRONT FUCKING PAGE OF R/WALLSTREETBETS? I LOVE YOU GUYS LIKE I LOVE THIS STOCK, TO INFINITY AND BEYOND. I CONTACTED AN ARTIST FOR AFTER JANUARY 5TH (VACAY FOR MOM'S BDAY) AND WILL UPDATE WHEN SHE GETS BACK TO ME**!! + +Edit7: Btw, I have 2k to buy $GME pre-market come Monday morning. FUCKING LOVE YOU GUYS. + Hello fellow Redditors, my mom and I are very inexperienced when it comes to investing money and my mom is freaking out right now so I thought I'd jump on here and see if anyone can help. + +Before my mom met her 2nd husband, she didn't know what Edward Jones or an IRA was (me either tbh). She was absolutely amazed at how much his money just kept growing and growing. But since he passed away nearly 2 years ago, that account has lost more than 100k. + +My mom has 2 accounts. The 2nd account started at 100k. She has been losing 10k steadily so in May she went to see her guy at Edward Jones. He assured her that everything is just fine. He said it always goes down every few years but then it comes back up. He advised her not to look at her statements until September because it would go down a little more before it goes back up and he didn't want to stress her out. He made this projection that when she is 75 (she's 63 now) that she would have 375k total in both accounts.  + +RIght now the only income she has is her deceased husband's social security aside from these two investment accounts. This is the only money she has and she needs it to survive on. She is very smart and responsible with her money so she is really freaking out that it keeps going lower instead of getting better. + +September comes around and she lost money again .The first account started at $320k and it's down to $230k. Her second account started at 100k and is now down to 50k. Thats $120k lost! Her advisor tells her she needs to just ride it out, this happens every few years, this is where people screw up and take their money out too early but if she just rides it out, he projects 375k in her accounts in 12 years.  + +So my mom is very worried. How far does she let the smaller account go down before she takes that money and puts it in the bank. And the larger account, should she wait it out like he says or should she pull her money? + +Sorry for the long post and I appreciate any advice you might want to give us. + +Thanks! +M47 - married, 20M net worth. 5.5M in brokerage accounts, 300K in retirement accounts, 3M equity value of real estate holdings. The balance in private company stock, that pay ~100K/year in dividends and I can sell back to the company in periodic installments + +Both my spouse and my parents are still alive. Hers don't need support, mine do. Likely 2K more a month. We are already subsidizing about 1.5K a month. While we can afford it I worry about the fairness of supporting them and not other family members, wife's family. Will this open up Pandora's box with distant family now seeking 'support'. I can ask them to keep it quiet and I think they will, but when they have a sudden increase in lifestyle, it will be obvious. Also, I worry that its 2K now, 3K next year, next thing you know I'm supporting 10K a month. + +They have a credit card that has a balance, likely 3-4K that they're likely paying ~20% on. I could wipe that out and charge them less interest, but their would be another card and another balance in a year. They aren't wasteful, just normal expenses with inflation and their retirement pension stays the same. Thankful they have good medical. + +It is difficult for me to see my parents living thin, fixed income, complaining to me about inflation while we are living pretty fat lives (private aviation, multiple vacation properties). + +I could just take over all their finances, income, expenses and just make sure there cash going into a spending account each week. But there is a dignity issue, in that they tell me they don't want to 'be a burden', if I go this route it will be crystal clear that they are dependent on me. This would be better than the monthly awkwardness of them asking for $ with a stressful narrative of that 'one expense that hit them this month'. + +This is my first post in FatFire. I'll gladly verify fatness with moderators. + +Thanks +[https://www.reuters.com/markets/europe/german-annual-inflation-rate-10-september-business-insider-citing-govt-sources-2022-09-29/](https://www.reuters.com/markets/europe/german-annual-inflation-rate-10-september-business-insider-citing-govt-sources-2022-09-29/) + +[https://www.investing.com/economic-calendar/german-cpi-737](https://www.investing.com/economic-calendar/german-cpi-737) + +German CPI inflation jumped to a whopping **10.0%** in september (from 7.9% last month). + +Tomorrow we'll get Eurozone inflation which most likely will also come out much higher. + +Expect more pressure on ECB and Lagarde to hike alot more and also faster. + +**Update: ECB policymakers back jumbo rate hike as German inflation soars above 10%:** + +[**https://www.reuters.com/markets/europe/ecbs-simkus-joins-camp-supporting-75-bps-oct-rate-hike-2022-09-29/**](https://www.reuters.com/markets/europe/ecbs-simkus-joins-camp-supporting-75-bps-oct-rate-hike-2022-09-29/) +How does this stat not absolutely mean we are super F$/&? Babyboomers have pensions to rely on, but following generations do not have pensions and will still need tens of thousands in basic services and benefits per year. + +I really am not understanding how America can not devolve due to this imbalance? + +Not sure if this is the place to unpack this question, but the perspective here should be interesting. Anywhere else I can post? +How do people feel about this? I hear people say its never a bad time to get into the market, but what does this say about the future of the market when something like this just seems "normal"? Its gotta make some investors a little concerned, at the least. I'm interested to hear peoples' thoughts on this. Thanks. +Here's a pic of it... https://i.imgur.com/6jHszXS.jpg + +I remember getting a notice that the 1 share split into 2 many years ago. Since then I've moved quite a bit and the address that's listed on the cert is waay old, so I never received any other official notices about the bankruptcy or notices about Disney's acquisition, etc. + +Candidly I have no idea about anything stock related, so for all I know this certificate is nothing more than fancy wall art at this point. Any ideas? +Hey Superstonk, it’s Robbie! + +Got a couple of big announcements that I wanted to share with you all: + +**1. The Superstonk takeover of the ImmutableX subreddit starts today** + +ImmutableX is throwing a week-long takeover party to celebrate the GameStop Marketplace launch and the IMX and Gamestop community coming together! + +We want to see your best content submissions from memes to theories on why IMX will win web3 gaming, theories, art, reactions, and more. At the end of the week, I’ll react to some of the best submissions throughout this event and you might receive a special flair on our subreddit! + +I’ll also be hosting an AMA over there on Sun. 13th of November at 3pm (PDT) to wrap things up. + +https://preview.redd.it/luk4xld67ny91.png?width=1014&format=png&auto=webp&s=1c5ff6177386d6d04716dddcae637098ff57a73f + +For more details on the event, head over to ImmutableX, join our community, and read the pinned post to get started. See you there! + +**2.** **GameStop marketplace launch hit \~$5 million in Total Trade Volume in just a week. We also hit over $1M within 24 hours over the weekend.** + +[**https://twitter.com/Immutable/status/1589711333087662081**](https://twitter.com/Immutable/status/1589711333087662081) + +&#x200B; + +https://preview.redd.it/u0w8x7rc7ny91.png?width=1086&format=png&auto=webp&s=a53eca3f1af2b65a94f6121d0235ac1a44d02feb + +&#x200B; + +https://preview.redd.it/15ugw5le7ny91.png?width=1050&format=png&auto=webp&s=2d10fae1da634f8c366c407aaca33f9154ce625e + +We’re seeing insane stats on the marketplace, and it’s barely been a week. Super bullish signal for web3 gaming as a whole - players are finally ready to discover what digital ownership truly means. + +For now, go and join the party over at the ImmutableX subreddit! + +\- Robbie +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +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! + +**§0. PREAMBLE** + +**TL;DR** This is the whole ball game, right [here](https://imgur.com/a/d13C6Vf) – this should have your tits totally jacked because that trend going up is apes buying and holding. Using odd lot data from the NYSE TAQ you can see how retail investors overran GME. At the end of last year about 37% of trades were small retail orders in odd lots (under 100 shares), now an average of around 87% of GME trades are odd lots. I claim that this is driven by the general lack of liquidity and the fact that apes just keep buying more and more GME. Apes are the ones making most of the moves in GME and when you tabulate the net total increase in shares, apes could easily have bought (and held) 100 million *more* shares since Jan. + +**TA;DR** Normal apes can’t afford to buy big barrels of bananas, so to see how much apes are buying we should count up the numbers buying small bunches of bananas. Since January the number of small bunches being traded has gone into the treetops. After estimating how many apes are trying to buy bananas rather than sell bananas, it seems that apes have accumulated maybe 100 million bananas since January. + +**Disclaimer** I am not a financial advisor and you shouldn’t read anything in this text as investing advice. I’ve got a PhD, so I have a few wrinkles. But beyond a few intro to statistics classes in grad school, my brain’s pretty smooth when it comes to analyzing stock market data. So please read this (if you can read) as a good faith effort to understand what’s going on with GameStop. I hope you apes can find holes in the argument where I’m wrong, and build on this if I’m right. + +------ + +**§1. PREMISES** + +***Premise 1)*** Retail tends to buy and sell in odd lots (i.e. orders of under 100 shares); institutions tend to buy in round or mixed lots (i.e. orders of 100 shares or more). + +You have likely seen stories like [this one]( https://www.cnbc.com/2021/02/13/why-retail-investors-are-here-to-stay.html), or [this one]( https://www.nasdaq.com/articles/the-growth-of-the-retail-investor-revolution-2021-03-10), describing the growth of retail investors in recent years. A [Schwab analysis](https://www.aboutschwab.com/generation-investor-study-2021) concluded that 15% of stock market investors began in 2020. And [the FT notes]( https://www.ft.com/content/7a91e3ea-b9ec-4611-9a03-a8dd3b8bddb5) that retail trading accounts for almost as much volume as mutual funds and hedge funds combined. Take a look at yourself – *nosce teipsum* – when did you start investing? I bet most of you only began recently, and as a *SuperStonk* member you’re probably more informed and engaged investors than the average. + +Hedge funds receive billions of dollars from “accredited investors” who have to have a net worth over $1 million [(17 CFR § 230.501(a)(5))]( https://www.law.cornell.edu/cfr/text/17/230.501). These hedge funds aren’t even allowed to advertise themselves to average investors [(17 CFR § 230.502(c))]( https://www.law.cornell.edu/cfr/text/17/230.502). They then use leverage to multiply that amount they can invest to the point that they have [billions of assets under management]( https://hedgelists.com/top-100-us-hedge-funds-2021/). Accordingly, these investment banks and hedge funds don’t have to nickel and dime; they can afford to buy lots of shares in companies, and usually in orders of 100 shares at a time, or more. These are round-lot orders. + +By contrast, individual retail investors don’t have millions of dollars to throw around. They can’t buy 100 shares here and 200 shares there. After all, 100 TSLA would set you back almost $70,000, and that’s after a recent stock split! Heck, even if a stock costs $10, you’d have to drop a grand to get to a round lot order. I don’t have that kind of money lying around on the regular. So, we buy in odd lots: 2 shares at a time, 10 shares, and almost always under 100 shares. + +When you put these two phenomena together – that retail comprise an increasing proportion of all trades and that retail tends to buy in odd lots – you get [this phenomenon](https://imgur.com/a/OongaQz) outlined by the SEC [(source)](https://www.sec.gov/marketstructure/datavis/ma_stocks_oddlotvolume.html). The rate of odd lot trades is rising consistently (especially among more expensive stocks – think TSLA) and the exchanges and data aggregators are scrambling to capture this new development. For example, the SIP only began reporting odd lot trades in 2013 [see readme file from NYSE TAQ]( https://easyupload.io/temeaz) and the [Consolidated Tape Association](https://www.ctaplan.com/oddlots) is trying to figure out how best to relay this new data stream to users. + + +***Premise 2)*** Retail tends to buy and hold GME (especially after the Jan Sneeze). + +This is a qualitative assessment. I’m sure that some people are day trading GME, and members of this sub sometimes give anecdotes of their friends who sold out already. I would also wager that some of the January FOMO crowd have sold. But this analysis is primarily concerned with the months *since January* and I’m going to assume that most people buying GME since Jan have a fairly high risk tolerance and aren’t a bunch of [paperhanded Portnoy bitches](https://twitter.com/Mediaite/status/1408151781926969346?s=20). Moreover, if you’re buying GME in 2021 at a price of over $100 while the media is hammering you with “forget GameStop” articles then you’re a special kind of ape. You’re super bullish on the fundamentals of GME, which means you’re holding. Or you are familiar with the DD (or trust someone who is) and believe that a squeeze is likely, which means you’re not selling for a mere 50%-100% profit. Or, you’re like me, and you’re a combination of the two, and you can be damn sure I’m not selling any time soon. + +***Premise 3)*** Retail tends not to short GME. + +To some degree this is a corollary of premise 2; if retail buys and holds, then retail isn’t selling short. But we can be a little more precise here. Footnote 1 on p. 803 of this article by Eric Kelley and Paul Tetlock in *The Review of Financial Studies* [(2017)](https://www.jstor.org/stable/26166324) invokes NYSE data showing that only 2% of short sale orders are from retail. It should be noted that this doesn’t account for retail orders that are internalized or filled through dark pools, and the number of retail investors has grown considerably since 2017. Eyeballing the odd lot volume data from above, odd lot trades in the middle decile by market cap has risen from between 8-10% in 2017 to 11-15% in 2021. Let’s be conservative and say that since 2017 retail has doubled, and so if they keep shorting at the same rate as in 2017, retail maybe makes up 4% of shorts on the NYSE. If you add dark pools and internalization that might push the number up to – let’s be conservative again – say 10%. When you add in the fact that there is a shared aversion to shorting GME among retail investors expecting a squeeze, any reasonable estimate must put the % of retail shorting GME as a fraction of the total trading it. + +**§2. DATA** + +I have been analyzing intraday [TAQ data from NYSE](https://www.nyse.com/market-data/historical/daily-taq), which compiles trades, quotes, the NBBO and the like for just about all US exchanges. I get access to this data through my university, so I imagine it will not be accessible to most readers. So, I’ve uploaded a copy of the [raw .CSV data file](https://easyupload.io/8s3guu) I’ve been using for my analysis. Now anyone can peer review and hopefully improve upon or refute my assessments. + +[Here](https://easyupload.io/6do1th) is a link to the very messy .xlsx file I have been using to play with the data above. It’s crude and as modeling is not my area of expertise, I worry that I may have made some elementary mistakes. I hope someone with patience will give it a look and correct any errors in my data use and/or my conclusions from the data. + +I also make use of the short volume data compiled by the formidable [AnnihilationGods_Data_Project](https://twitter.com/Annihil4tionGod). I had been using fintel.io data to ascertain short volume, but [*The Daily Stonk 06-08-2021*](https://github.com/verymeticulous/wikAPEdia/blob/b5ce62daff2969556ee76f2951b9f4eb92afebca/Daily-News/Daily-Stonk-Archives/06-June/2021-06-08-Synopsis.md#the-daily-stonk-06-08-2021) relayed the inaccuracies in the fintel.io data as explained by Annihil4tionGod. They have been maintaining the data file since then and you can access the master file [here](https://twitter.com/Annihil4tionGod/status/1425445775929184265?s=20). + +Note: I have been using easyupload.io to make data files available to download. However, their hosting expires after 30 days. I hope that someone more knowledgeable than me can backup or create mirrors of this info if it proves useful. + +**§3. ANALYSIS** + +*(a) Basic Volume Changes:* [Here’s](https://imgur.com/a/OFOcwAJ) the chart of GME’s price that you’re all familiar with. (I love that slight up turn over the last few days!) And [here’s](https://imgur.com/a/I7isUbp) the rise in odd lot trades over that same time period. Notice the huge spikes in odd lot volume with the Jan Sneeze and the first $350 price spike in March. Of course, these were periods in which the overall volume increased dramatically, so the reason that you’re seeing more odd lot trades is because there are more trades *simpliciter*. You can see the similarities between the increase in odd lot trades and the increase in all trades as both have a similar shape [when plotted out](https://imgur.com/a/QwtEVJZ). ^Footnote ^1. + +Even so, it’s notable that the most recent run to $350 at the end of May/start of June doesn’t see nearly the same increase in retail trades as the previous run-ups. *Prima fascia* this suggests that something different is happening from May onwards compared to Jan-March. My initial thought is that this is evidence of the [March to Zero Liquidity](https://github.com/verymeticulous/wikAPEdia/blob/13fa1f654be676e295894cd2121fa6a554f5b3d1/Due-Diligence/2021-05-02-The-March-to-Zero-Liquidity.md) as large price swings are occurring without the order of magnitude increases in retail volume that we saw before May. + +Additionally, note the asymmetry between the left and right of the total volume vs odd lot volume [charts]( https://imgur.com/a/0qlwg9c). In August and October last year there were some spikes in total volume, but no appreciable increases in the level of odd lot buys. (I wonder if the August bump is from Ryan Cohen.) After the January spike, though, every increase in total volume is matched with a comparable increase in odd lot orders. + +Of course, this might just be explained by the increase in the price of the stock. Last year DFV and others could buy GME by the thousands because it was trading in the single digits. Since Jan the stock has mostly stayed above $100 and never dropped below two digits. So, it makes sense that there would be a relationship between price and odd lot volume. But I'm not convinced that the price increase is the only factor. Here’s [popcorn stock](https://imgur.com/a/6Ubuy0V) by comparison. Note the big jump in odd lot trades in January, even when the price is only $10-15. GME was trading around that price in October 2020 and there doesn’t seem to be a big jump in odd lot buys in GME at that time, so it’s not clear (to me at least) that prohibitive cost is driving the rise in odd lot trades. + +*(b) Order Size and Odd Lot Rate:* [This](https://imgur.com/a/BC0UpcN) is where things get really interesting. Last August the average round lot order was between 275 shares and 375 shares. By contrast, round lot orders today are around 160-180 shares. This shows us two things. + +* First, there has been a steady decline in the average order size by institutions; they’re buying (and shorting) smaller amounts each time. + +* Second, the variance between the average high and the average low order size was much greater a year ago than today. + +In my judgment, this reflects the general decline in liquidity. As fewer shares are available, it’s not possible to sell 200+ shares at a time. I suspect that this reflects a lack of autonomy on the part of institutions. Last year some swashbuckling SHFs could sell big chunks of GME in one go. Think, for example, of the married-put chicanery with MMs that would allow the SHFs to sell phantom shares. As these SHFs didn’t have to locate these shares before shorting them, order size wasn’t an issue. But things have changed since January, not least that there have been considerable rule changes by the DTCC, OCC, and NSCC. I speculate that more and more SHFs have to actually locate the shares before they short them, which is hard to do. So now all SHFs are all being constrained by supply and demand in similar ways, which is why they cluster around a much smaller order size. + +We see a similar decline in odd lot order sizes over the past year: [chart](https://imgur.com/a/ht07Hjg). But you’ll note that there is a more precipitous decline in order size as the price increases, which makes sense if retail is more price sensitive than wealthier hedge funds. We were consistently buying more shares at a time when the price was lower, so that demonstrates that price matters. But we haven’t been deterred by the high price. We’re still buying, just in smaller amounts. + +**This difference in order size is important because we can use it to see who is in control of the stock. We can use total average order size (so the average order size for both odd lot and round lot orders combined) as a proxy to see who is hustling the most and buying/selling more shares: retail or institutions?** + +* If the total average order size is a round lot order, then institutions are in control. The shorts are running the show as they’re able to sell big orders into the open market. + +* By contrast, if the total average order size a small odd lot order, then that means that retail are the ones who are making the moves. Retail is buying up shares here and there and they’re not stopping. + +**And the data says that [retail is absolutely in control](https://imgur.com/a/RcJYv1n).** + +Last year the average order size basically corresponded with the average round lot order size. Sure, retail dragged the order size down slightly to 200-275 shares a time, not the full 250-350 in odd lot orders alone. But trades were big – large numbers of shares being moved at a time. And there was high variance, with a spread of around 75 shares between the highest and lowest average. + +Everything changed after January, though. The precipitous drop in order size we saw in the odd lot order size is clear as day in the total average order size – so retail really had an effect on the order size. We pulled it down hard in January. And the average size hasn’t regressed up to the mean before January. After the average order size was pulled down, it stayed down. Moreover, the variance in the order size diminished, too; only, say 10 shares difference between the highs and the lows. + +So what explains this change in average order size? I think there are two things at play. + +* First, and probably to a lesser extent, SHFs are having a harder time locating shares because of rule changes and because apes buy and hold. As SHFs can’t locate the shares, they can’t buy them or sell them in big blocks. So now apes and SHFs are playing on the same pitch: we’re both constrained by supply and demand. SHFs can’t magic up millions of shares and sell them off in big orders, and apes can’t buy big orders either. Apes are hodling like champions so there simply aren’t enough shares to trade them in big orders. + +* Second, there are just so many damn apes out there. After apes piled in with their odd lot orders, they didn’t leave. No matter how many MarketWatch articles or Jim Cramer interviews told us to “forget GameStop,” we just can’t quit it. Apes kept buying. *Price goes up, we buy a handful of shares. Price stays the same, 5 shares more. Tasty dip? Thanks, Ken, I’ll take two.* + +**And the proof that apes aren’t going anywhere is in the data. [Look at this.](https://imgur.com/a/d13C6Vf) This will be my first NFT after MOASS because it’s just so beautiful. 80-90% of all trades are regularly odd lot trades. That’s us.** We’re the ones buying in these odd lots. Several people on this sub have compared this GameStop saga to a horror movie for the SHFs. We’re like zombies that keep coming and keep coming. They short it and we lap it up. The price rises and we lap it up. This chart is that movie condensed into 1 image. The SHFs must be terrified of us as we're scrambling to get another bite out of our beloved GME while they try to stop us. + +Just [look](https://imgur.com/a/UtA0QAV) at what happened when SHFs made their last stand. They tried to take control again and increased their round lot orders to about 30% of the total for the day. That was when they pushed the price down into the $40s. But it was clearly unsustainable. Either too many apes kept buying in or they just couldn’t get the shares to keep shorting. But as soon as they took their feet of the gas, apes just lapped it up again. Now these SHFs are just dead men walking -- they're the zombis. Apes are simply out buying them so their hole gets deeper every day. + +Some on this sub may be looking for a whale to blast us off into space, or an NFT dividend as the catalyst that begins the MOASS. But this data shows that apes really are the fuel behind this rocket. Because we’ve each come to see the value of the company through conversations with each other or through our own research, we’re buying in and we’re not stopping. If this carries on, I’m convinced that we won’t even need a catalyst. The march to zero liquidity from apes buying will be enough. + +*(c) Buying vs Selling:* In the narrative above it may seem like I’m assuming that all odd lot orders are buys (and holds). And that is a premise of my argument (see §1) as it’s credible to believe both that retail constitute most odd lot orders, and that since January retail tends to buy and hold. But we don’t have to rely upon reasonable inferences as the data gives phenomenal insight into the shifting trading patterns from before to after the January Sneeze. + +[GME Orders Before and After Jan Sneeze.]( https://imgur.com/QL3ajz8) + +The TAQ database uses the Lee-Ready algorithm to designate whether a trade is initiated by a buyer or initiated by a seller. I am going to assume that retail apes are not buying or selling any round orders – maybe they’re just institutions rebalancing with the ETF changes. So instead, let’s focus on where apes may be buying and (yuck) selling. + +On the highest extreme model, assume that the all odd lot buyers are apes and that they diamond handed everything. That means apes would have 831,099,331 more shares now than before the Sneeze. + +On the lowest extreme model, where apes bought all the odd lots and paper handed everything, they would have a net increase of 45,591,791 shares. + +These two numbers give us a sense of where the outer limits are. Let’s add two further variables to make this model more credible: + +* First, let’s not forget that there’s been a lot of shorting going on. Approximately 434 million shares have been sold short. Let’s be generous and assume that all of these shorts are with borrowed shares, so there are no new naked shorts. And let’s assume that if they close their position, the shorts always buy back their shares in odd lots. + +* Second, although apes buy and hold, some retail purchases in odd lots will be by people less familiar with the details around GameStop. This subset of people may have bought, but also sold some of their shares over the last few months. + +Putting these two together you get a: [Range of Retail’s GME Ownership Since Jan Squeeze](https://imgur.com/a/XClwoHT) + +Let’s break this down. First assume that no shorts have covered (so all the odd lot buys are real buys, not covering). If apes/retail bought 80% of those odd lot buys and didn’t sell much of them back (only 20% of those shares) then apes may have added 500 million shares to their portfolios. On the other side, if retail is a bunch of broke paperhanded Portnoys, we’d only have 33 million shares after buying 20% of the available shares and selling 80% of those back again. + +Is 80% buying by retail an excessive estimate? Quite possibly. But recall the [the FT reporting](https://www.ft.com/content/7a91e3ea-b9ec-4611-9a03-a8dd3b8bddb5), that retail makes up the same volume of trades as hedge funds and mutual funds. Moreover, we shouldn’t neglect the fact that few other stocks engender the same excitement as GME. Consequently, it wouldn’t surprise me if apes are buying well over half of the available shares. We’re just gobbling up what we can. + +But, the number of shares available for apes to buy drops once shorts cover. If we assume that half of the odd lot buys went to close out short positions, then the range of ape ownership increase drops from about 400 million to 25 million. If all shorts were closed out of the odd lot buys, then the number of available shares for apes to buy drops further. If they bought 80% of those remaining shares, then the net increase in apes’ positions could be as high as 250 million. On the lower end, if apes didn’t buy much and sold most of it back, the increase could be as little as 16 million shares of GME. + +**§4. CONCLUSION** + +Odd lot trades can act as a proxy for retail investors: the more odd lot trades, the more retail investors trading a stock. When we look at GME, the number of odd lot trades has risen dramatically to an average of around 87% of all trades (up from about 37% at the end of last year). + +Three explanations for this growth were presented: rising prices; decreasing liquidity; persistent buying by apes. In my estimation the latter two are the primary drivers here. There simply aren’t many shares available to buy (numerator) and Apes just keep on buying [(denominator)](https://imgur.com/a/a2FuvKD) so the average trade size has dropped precipitously. + +As the average order size is so low now and odd lots make up so many of the total orders, it’s likely that institutions are reduced to odd lot trades, too. This reflects the weak trading position of SHFs as they cannot move the market with big sells like they used to. It also reflects the strength of apes: we just keep buying and buying – we’re running this show now. + +By disaggregating buyers from sellers (using the Lee-Ready method), we saw how many of these small odd lot orders were initiated by buyers. Apes buy and hold and retail tends not to short sell. So, how much did apes increase their GME holdings by? We modeled a range of possibilities depending on some variations in covering and possible ratios of retail buys to sells in odd lots. + +**The main take away is that, even on a highly conservative estimate where all shorts since the January Sneeze closed their positions using odd lot purchases, and where retail buys only half of the available shares and day trades half of those back again (yuck), the net increase for apes is about 100 million shares.** + +^. + + +^(^Oh, ^and ^this ^data ^doesn’t ^even ^include ^dark ^pool ^and ^internalized ^orders, ^where ^many ^retail ^buys ^are ^likely ^routed ^to. ^Hedgies ^are ^so ^damn ^fuk.) + +------- + +Footnote 1: A regression model of total volume against odd lot volume suggests that about 65% of the increase in odd lot volume is caused by the increase in volume *tout court* (r-square: 0.641). But the standard error seems quite large and one of the p-values is below statistical significance, so I’m not sure that this is a useful measure. I’m not a statistician, so I expect that I’ve bungled something somewhere, which is why I’ve put this as a footnote. Please correct me if you 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). +Limiting to focus ASX only as under AusFinance subreddit. + +The year is 2022 and we are still hearing how organisations aren’t spending in cybersecurity (MEDIBANK didn’t even think it was important to invest in cybersecurity insurance). Unless shareholders (of all kinds - mum and dads to financial investment banks) - don’t start asking for it boards, CEOs and executive teams won’t take this as a serious objective to take on. + +Thinking session in comments below: +Could this work? +If yes, how + +If not, what needs to change and how + +Are there exemplar ASX companies out there that do this really well. + +Are there examples where shareholders have put company accountable for it and lack of progress impact the stock $ ticker? +How does this compare with the government's and Federal Reserve's attempts to keep house prices artificially high? We need to learn from the lessons of the past if we want to solve our current problems, e.g. government bailouts don't work. +Hi, I'm looking for some advice on what people would do in my situation. I have two job offers on the table, matching roles, same seniority, similar future growth potential in both roles. One in Sheffield that pays 60k a year and one in London at 85k a year. From a financial perspective, which one would you guys take and why? +Which one do you think I would be able to save better in? +The MSM is directly sending us headlines to forget about it and that the squeeze is gonna be less a few 0s. + +Gamestop is sending us ramen bowls and telling us they can hear our low volume posts. + +We are decoding a pair of chopsticks up an execs nose. + +Citadel CEO is trying to stop Apes from using public records to laugh at his obvious desperation. + +Gary Gensler literally "waking up" to the GME issue and tweeting deleted clips from MSM that APES FOUND. + +Lets just take a moment to grasp just how much power we do indeed have over this situation. Im not saying we are the center of the universe but holy shit does it feel like everyone is talking to retail as much as humanly possible. + +**There any bored apes out there wanna draw memes of everyone crowding around one monitor of superstonk?** + +(original post got removed for reasons) +Coca-Cola Co. has been a fantastic stock for decades upon decades and I still love it. However, I sold my shares a few weeks ago at $64 per share. My cost basis was below $60 and I decided that I would sell into strength and wait for a better opportunity to buy back in. This qualifies as timing the market, but I feel justified in waiting for better valuations in a world of higher interest rates and Fed tightening. Plus, I had losses to offset before year end. + +The current yield is just 2.8%, below its 10 year average of approximately 3.1%. Also, its dividend growth is far less impressive than similar stocks with a 5 year dividend growth rate of only 3.5%. Pepsi, for example, has a 5 year growth rate of over 7%. I would much prefer a yield above 3% or a growth rate above 5% before I consider entering a new position. Does anyone have any analysis to support re-entering $KO at the current price? + +Full disclosure: I am short a Cash Secured Put in order to try and get a lower cost entry and intend to roll that position over until the price reaches a more desirable entry. Therefore, I am technically long $KO, but in a manner consistent with my overall thesis (at a lower price). +I strongly believe that the last single stock ETF is the last straw that confirms SEC is complicit. Tools that they allow now are against the law. If my smooth brain is putting this together right, Martha Stewart wouldn't have gone to jail if she traded that stock in these new single stock ETFs. They are facilitating a work around the LAW. + + +Self regulation in any industry is, by definition, a conflict of interest in itself. We have to stop this bullshit. +Blanderson Snooper here, back with another page of toilet reading for all you Apes. Does an Ape shit in the woods? Only if there's wifi. + +If you want a shot of feel-good confirmation bias, skip to the last section, "The Good News." See you back here in a minute. If you're ready to take the whole wild ride, buckle up and enjoy. + +🚀🚀🚀🚀🚀🚀 + +Four weeks ago I published [the Wargame Theory](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/), a cultural DD that used narrative as a way to explain some of the unexplainable parts of the GME saga. That theory explained events up to 4/17, and made some fairly accurate predictions about where we were heading. This one skips ahead to the present day. If the Wargame Theory was about plot, the sequel is a character study of the antagonist. + +I called that one my Charlie Day-DD because it was my Theory of Everything. This is my Vizzini-DD, where I try to reason through a problem using only the psychological traits and life experiences of my opponent as premises. + +[It's all in the names](https://preview.redd.it/h415beipr1071.jpg?width=680&format=pjpg&auto=webp&s=3c89c0e8cb5f8ff8f66156a2bf7b08c28ba28730) + +Before we get into the new timeline, I want to highlight the most important prediction of the Wargame Theory: + +&#x200B; + +>"I think the Good Shills have been winning the war for the Apes. I also think we have one last boss to fight. It’s not Citadel shorts. It’s the MOAFUD." + +**Big Bad confirmed: The Mother of All Fear, Uncertainty, and Doubt** + +By last month, I was convinced that the shorts were trapped in a black hole of their own making, that they could neither stop shorting nor extract themselves through any market mechanics, even illegal ones. People I trust were fond of using that analogy, and the technical DD suggested it even though it was incomplete. + +The Wargame Theory was based primarily on u/c-digs’ analysis of the regulatory environment (I’m also posting his ongoing DD because I find it excellent and bullish). + +[Why We are Trading Sideways](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) + +[Why SR-OCC-2021-004 is So Important](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) + +[The Brakes Might Be Off This Week](https://www.reddit.com/r/Superstonk/comments/nfagu1/this_week_might_be_it_the_brakes_are_possibly/) + +**tl;dr – SR-OCC-2021-004 is scheduled to drop on or before this Friday, May 21. That, along with the OCC raising its Clearing Fund by almost $600,000,000 (due today, May 19), means that we may now have the regulatory framework** ***and*** **institutional action in place to give Marge the go-ahead.** + +That’s why I’m writing this now. + +We’ve understood them technically, and beaten them technically. + +We’ve understood them culturally, and beaten them culturally. + +All that’s left is the MOASS. Oops, our bad. + +# The Wargame Theory II + +The Wargame Theory was a cultural DD trying to fill in gaps in the technical DD by thinking about what was happening in the community. It sought to answer questions about trading and reporting anomalies, SEC inaction, and how our communities have functioned in the absence of clear evidence around any of them. At the end, as I did in [my original cultural DDs](https://www.reddit.com/user/Blanderson_Snooper/comments/m793qf/gme_apes_a_cultural_due_diligence_part_1/) (with way more memes), I tried to impress upon Apes the importance of learning to recognize and counter FUD. + +The Wargame Theory II, on the other hand, is based on a series of technical DDs that I have had my eye on for some time regarding the short interest and methods of hiding it in the strange options plays we had seen from time to time. This time the technical DDs help us understand gaps in our cultural knowledge. + +What I mean is, I think these theories help explain Glacier Capital's appearance, why its appearance signals an imminent MOASS, and what it might look and feel like. + +(One caution, I’m not a financial guy, so I hope that the more technical folks (or even original DD authors tagged here) will come in and fill in gaps. Also if I have missed important pieces of the puzzle let me know. Something tells me u/HomeDepotHank69’s DD should fit in here somewhere, but I am not sure how. Maybe I'm just a fan.) + +In chronological order, I think these are the technical DDs that suggest the story I’m about to tell. + +u/dejf2 \- [The SI% is Fake](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/) + +u/broccaaa \- [The Naked Shorting Scam/Dark Pool Activity](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) + +u/eastrod \- [A Method for Hiding FTDs in Useless Puts](https://www.reddit.com/r/Superstonk/comments/mzgtvx/a_method_for_hiding_ftds_that_uses_the_109mil/) + +u/Criand \- [Estimating Current SI% using Deep ITM Call Purchases](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) and [May 20 ICC, DTC, OCC Rules Updates](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) + +Now to the story. + +# Kenny’s Greatest Weakness: A Weird Obsession with Names + +One thing we know about Ken Griffin is that [he thinks very carefully about names](https://www.chicagotribune.com/business/ct-ken-griffin-children-1109-biz--20141107-story.html). + +Kenny used a spreadsheet to pick names for his children, despite his wife reporting that “he has shown little interest in them” after they were born. He used the spreadsheet “trying to ensure that any name or combination of letters wouldn’t doom his three children to ridicule.” + +Now look, I’m not saying Glacier is the tip of the iceberg or anything, buuuuut maybe I am. + +My belief is that Kenny is obsessed with names that are evocative of real things but which also serve as metaphors for understanding what they do. I think it’s an attempt to be clever, and to hide private jokes in plain sight as a way to feel superior. + +Kenny: "Haha, I'll use Glacier first because it's only the tip of the iceberg! But they'll never know it because I'm going to get them to sell!" + +I don't think Ken's a very funny guy, so if that doesn't seem funny it's because it isn't lol. + +**I have come to think of his this weird relationship with names as his supervillain weakness. He just can’t help himself, and it reveals everything about his plans.** + +# Evolution of the Apes and the MOAFUD + +I want to start by saying that I have more confidence in Apes than ever before. Apes have absolutely mastered the art of FUD War, now regularly calling out Forum Sliding, Anger Trolling, and coordinated shilling in nearly real time. Even more encouraging, Apes have done this by clearly defining their community rules and then *taking responsibility for enforcing them*. + +Apes have intentionally learned together how to approach trolls and shills, how to recognize and deal with coordinated FUD, and how to maintain emotional control when under duress. The mods of Superstonk have been incredible at guiding this community through these troubles, but they couldn’t have done it had the Apes not constantly gotten better and better. + +**This is exactly what was needed to face the MOAFUD, which I believe has now been revealed.** + +As I watched Apes swat aside threat after threat this past weekend, I knew the Apes had become the formidable diamond-handed badasses necessary to deal with any threat. Still, I knew the MOAFUD loomed and still hadn’t seen anything that pointed to it. Not until Glacier Capital. + +It wasn’t long before I was convinced this was FUD, but I didn’t know its magnitude until [this crowdsourced DD came out theorizing that Glacier was one of many shell companies where Kenny had been hiding his shorts](https://www.reddit.com/r/Superstonk/comments/nf8nsd/theory_glacier_and_other_new_hfs_are_just_shells/). (I prefer the term shill companies to shell companies. Some of them are real and subservient to Kenny.) + +**That’s when it hit me: the emergence of Glacier means that the MOASS is imminent.** + +Why? Because Glacier is just the tip of the iceberg. Haha Kenny, it’s neither funny nor clever. But it reveals everything. + +# The Games and the Names + +Like I said, it wasn’t until I saw Glacier that I realized Kenny’s obsession with names might be the key to revealing his endgame plans. Before I get to the crazy part, here’s the tl;dr: + +&#x200B; + +1. Kenny has been hiding the true SI% since January by using worthless puts to reset FTDs +2. He has been using dark pools to funnel the scheme privately to his "fortresses" +3. These shell companies will now act as a firewall to protect Citadel once the MOASS begins +4. One by one they will be margin called, each time forming a plateau during the rise +5. These plateaus will involve sideways trading for potentially days at a time +6. During each plateau there will be a 24/7 multiplatform shill attack trying to get Apes to paperhand +7. This is what 💎🙌 has been training Apes for. **It wasn’t for the wait, it was for the climb** + +&#x200B; + +Here are three names I will focus on: + +Citadel + +Glacier + +Sessa + +There is a bonus fourth hidden in the text, and even more in edits at the bottom thanks to commenters who are making some amazing connections. + +First, let’s look at Citadel. + +Kenny is a medieval war history nerd. I don’t know it, I just feel it in my bones. His last name is Griffin, a medieval animal that appears on shield and flag heraldry. He likes to tell “war stories” about how he will fight to the last penny. He named his companies Citadel. All of them. + +American Heritage Dictionary defines a citadel as, + +>"A fortress or castle in or near a city, intended to keep the inhabitants in subjection, or, in case of a siege, to form a final refuge and point of defense." + +I think Ken called his company Citadel because it is a place of rulership, a place of refuge, and because he envisioned building it at the center of a network of fortifications that would extend his reach in times of prosperity and fall on their swords to protect him during times of war. + +[Maybe this DD is a partial list of the fortresses](https://www.reddit.com/r/Superstonk/comments/nf6i4o/the_chicago_code_how_a_whole_city_wants_to/). (I’ve only skimmed it.) + +I believe we’ve seen the first two fortresses leak in the last couple of days: Glacier Capital and [Sessa Capital](https://whalewisdom.com/filer/sessa-capital-im-lp). I know Glacier’s been the big talk, but u/hc000 alerted us to this as well: + +[Uhhh why dudes?](https://preview.redd.it/nmpzy1zss1071.jpg?width=1031&format=pjpg&auto=webp&s=3848f368f670229e57c352283e2cc5dff91287d0) + +Remember how Kenny named his children things that couldn’t be made fun of via any combination of letters or sounds? Well, “sessa” is literally a word that doesn’t exist. Look it up and the best you’ll find is that it’s an exclamation found only in Shakespeare. But that’s not the only thing interesting about sessa. The argument over what it means also fits into this theory. + +Remember that each of Kenny’s fortresses is meant to attack when strong and defend when under siege? Well, the most common understanding of sessa is that it means something like [“peace, be quiet” or “leave, have done, or let alone.”](http://www.perseus.tufts.edu/hopper/text?doc=Perseus:text:1999.03.0067:entry=sessa&highlight=sessa) + +But Dyce’s General Glossary to Shakespeare’s works (1904) has another interpretation, an opposite one, a martial one. In Dyce’s words, + +>“I must confess that I do not feel satisfied with these notes on sessa: if the word, as used in at least the second and third of the passages above referred to, may be illustrated by the following lines of Sylvester's *Du Bartas*, ed. 1641? Joshua urges on his troops: +> +>“Sa, sa, my Hearts! turn, turn again upon them, +> +>They are your own; now charge, and cheerly on them.” +> +>*The Captaines*, p. 182; where the original has “Cà, cà, tournons visage, allons!” + +Kenny is smart, educated, and from a wealthy family. He learned Shakespeare, and may have even mastered it as a superficial sign of erudition. It could also lead him to being fond of medieval history, as I have suspected, and particularly stories of kings and armies. If he had mastered Shakespeare, maybe he had stumbled upon *Du Bartas* through Dyce and found the dichotomy perfect for one of his fortresses. + +**You know what else is a medieval story? Robinhood.** You know what else would be a "joke" hiding in plain sight? Calling something Robinhood that actually steals from the poor and gives to the rich. Just sayin’. + +Anyway, last thing about sessa. It appears only three times in Shakespeare, once in *Taming of the Shrew* and twice in *King Lear*. King Lear, like Kenny, had three daughters. Is the “shrew” his ex-wife? **Is Kenny sacrificing Sessa first as a fuck you to his ex-wife and their three children?** + +Hey, it’s my theory, so I’m gonna say YES. + +You know Kenny loves sessa. He probably imagines himself with a whip and a sword, telling paperhanded retail to sell faster, screaming “SESSAAAAAAA!” like a medieval *captaine* atop the ramparts of his Citadel. + +And just to bring this full circle, I think Kenny picked Glacier to go first because of the tip of the iceberg joke. Just look into his eyes and tell me that’s not his version of a serial killer leaving clues for the police. + +[Dem eyes doe](https://preview.redd.it/71booio6t1071.jpg?width=242&format=pjpg&auto=webp&s=f74161729ce70afd6ac35f7993943490bc2b1175) + +# Kenny's MOASS Strategy and the Mother of All FUD Revealed + +Let me just repeat what I said earlier. I believe the revelation of Glacier and Sessa means the beginning of the MOASS is imminent. I want to also repeat that I am not a technical or financial analyst and have no experience in markets whatsoever before January. This is just my theory of how the MOASS will play out, based on the analysis above and my own synthesis of everything I’ve read here during that time. + +**If what I say next is in any way FUDDY please let me know and I will clarify and/or retract it immediately!** I’ve avoided technical speculation in all my DDs because I know how much I don’t know, but this is my operating theory of how the MOASS will play out when it comes. I’m happy to adjust it if something is just dead wrong. This is just what I think Kenny's strategy is, I have no clue how it's going to actually play out. + +Ok. + +It’s long been suggested that the MOASS could take days or weeks to reach its peak, but that it wouldn’t look like a straight peak as in past squeezes. Rather, it could look like a series of sharp increases that represent margin calls, followed by a plateau as Apes still aren’t selling but the buying pressure of the margin calls dissipates. + +Houston Wade [laid this theory out](https://www.reddit.com/r/Superstonk/comments/n5b75j/houston_wade_says_the_hedge_funds_want_the/), that the hedgies would try to drag things out at a consistent lower price rather than let it all happen at once leading to a massive peak. I think that is accurately predicting Kenny’s strategy, but that it’s impossible because Apes own the float and the SI% is so, so, so high. He also says the DTCC might try to settle the outstanding shares once all the hedgies are gone. I have a third DD in the works that takes this premise and runs with it. + +But, if the theory that Kenny has been spreading out the shorts is true, then I think one reason he’s doing it is to mitigate the damage any one margin call might do. I believe he knows what we know, though: **the only way Apes can lose is if they paperhand,** because we own the float so many times over that any reasonable margin call will almost certainly lead to a domino effect all the way back home. + +Well, what if Kenny has hidden the short interest in so many small firms that it’s no longer a huge weight around his neck, but “[thin, sort of stretched, like butter scraped over too much bread.](https://www.youtube.com/watch?v=fksu6FENojY)” The plan would be to trigger a margin call so small that the price of Gamestop jumped significantly but didn’t cause a domino effect. These firms can be small enough to avoid reporting requirements, or [in a favorable foreign territory such as Luxembourg](https://www.reddit.com/r/Superstonk/comments/nfcnp1/luxembourg_home_to_the_mysterious_glacier_capital/) where even more shenanigans might be available. + +Kenny knows that Apes are diamond-handed, so as the buy pressure dissipates the stock’s action will resume its “normal” sideways trading pattern for a while. Could be hours, could be days until the next margin call, but a plateau that can be exploited nonetheless. + +I know Apes hate thinking about any kind of squeeze control, but I think it's wise to prepare for the worst, *particularly because we have nothing to lose by it*. We control everything, the only decision Apes have is sell or no sell. Thus, I believe that is what Kenny will attack with all his might. + +&#x200B; + +[We ready](https://preview.redd.it/mmfmo9dcv1071.jpg?width=1238&format=pjpg&auto=webp&s=b19709a92517fda8c6cb0fe66ecc54d832dc672d) + +**The Mother of All FUD is the all-out, 24/7, multi-platform blitz of** ***every shill at Kenny’s disposal*** **during the MOASS.** + +Warning: The next section imagines some scary scenarios. It's not meant to scare, it's meant to help us prepare. + +YouTubers, internet trolls, the mods of popular subs (not just GME subs), old media, new media, everything is going to be yelling at you to sell. They will call you stupid, lazy, young, a mob, terrorists…whatever they can to get you to sell. + +They will try to get you to think about your broker balance. They will post gain porn and loss porn so manipulative you won’t believe it. + +I’m sorry to all of the genuine folks who post stories about “Why I hold” on here, but there will be amazing stories of what people have been able to do with their gains in the tens or hundreds of thousands. They will get sick children out of the hospital. They will post videos of their lambos. They will pay off their parents' debt for the first time in their lives. They will make you think about your own balance, and what you could do with it as it looks now. They are going to try to get at you however they can. + +The Mother of All FUD is everything we have seen to date, and things we can’t imagine. Diamond hands are going to have to trust themselves, and everything they have built here over the past few months. Trust your knowledge, trust your exit strategy. Print everything, because reddit may go down. + +[If you don’t yet have one, I made a list of important MOASS and Exit Strategy DDs here.](https://www.reddit.com/r/DDintoGME/comments/n69qhp/compilation_of_moass_and_exit_strategy_dds_and/) + +And when we tune it out long enough, the next domino will fall. Kenny will once again try to set a plateau and hammer Apes to paperhand yet again. You thought it was hard to hold through a few hundred thousand in your account? What if your account shows $7 million and every news channel in the country plays a variation of this story, + +&#x200B; + +>“Citadel LLC has finally called it quits, ready to pay reddit army to save the U.S. economy. Founder Ken Griffin pleads with shareholders to save America from another financial crisis, speaking from an emergency meeting with President Biden and his top economic advisors.” + +&#x200B; + +Like any good villain, Kenny knows how to attack you by threatening those close to you. You start getting calls from your family. Your grandmother read in AARP magazine that GME is threatening her Medicare. Your coworkers think you’re putting their jobs in danger. + +Your partner’s father calls and says he’s worried you are going to bankrupt his retirement account. He’s heard that suicides are becoming common on Wall Street because you are holding GME and won’t let go. He asks your partner if the two of you have joined a cult. Their relationship is straining. + +You’re looking at $7 million if you sell now. Life can go back to normal. Can you hold? + +This shit is coming, Apes. This is the Mother of All FUD. + +**But it doesn’t matter, because Kenny’s weird obsession with names has given it all away.** + +# The Good News + +We did it. I believe it. The MOASS is imminent, and we are the catalyst. I know we all want an external one, but let’s just take pride that our 💎🙌 and amazing community have fought so hard and so long for this moment to come. Let's take pride that we don’t need a catalyst, because the power is all in our hands. We need only the courage to hold it and to wield it. + +After everything, it comes down to the mantra. + +**Buy. Hodl. Vote. The shorts must cover.** + +The longer we hold, the farther we will go, and we will have to go FAR if we want to touch Citadel. I know many of you want to go even farther than that, and to you I say GO FOR IT. We all came here for our own reasons, and we all HODL for our own reasons. Each of us is going to take this as far as we want it to go. + +Nothing about this has been easy, just like Mark Cuban said. But the amount of change we have the ability to bring to the world is staggering. + +The amount of growth we as a community have fostered in one another is equally staggering. + +We are on the verge of the greatest economic event in history, the MOASS, the age of the Apes, where wealth and political power will be bent toward the good of humanity and away from the vanity and greed of psychopaths. And who did this? + +You did. And you. + +You beautiful x holder and you xxxx baby whale. + +You reformed day trader, and you soon-to-be-retired daycare worker. + +You crayon-eating monke, and you intelligent-but-perpetually-annoyed explainer. + +You poet. You meme-maker. + +You know-it-all. You dream-maker. + +You shill-hunter, You upvoter + +You DD authors, wrinkly as they come + +And you mods, oh you mods, my Queen and her court + +All of our hearts will beat for yours forever. + +💓💓💓 + +This is it. The MOASS is coming. I do not know when, I am not implying when. + +I am saying that we will now know it when it comes, and as I have watched you for the past month, I know that you are ready to see it through to change history. + +I’m proud to be an Ape. See you on the other side of space and time. 💎🙌💎💓🦍🚀🚀🌜 + +Blanderson Snooper + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +P.S. Say something cool below and [you might make it into the FAQ](https://www.reddit.com/user/Blanderson_Snooper/comments/myi3zb/the_gme_wargame_dd_faq/)! + +P.P.S. Try out this awesome [MOAFUD Simulator](https://www.reddit.com/r/Superstonk/comments/nh1129/the_moadfud_simulator_ultimate_diamond_hand/) designed by [u/ljtmudokon](https://www.reddit.com/user/ljtmudokon/). Let him know how you did and show him some love! + +**EDIT 1:** u/FutureR1chApe adds: + +>"I'll also add something on this potential obsession with names: One of the way HF tried to get us to paperhand was by using a company named Rocket. And now, we are certain that it was a distraction because no one talks about it anymore, while there's been a lot of MSM articles about GME and other meme stocks." + +John Oliver: "OF COURSE he did." --BS + +**EDIT 2:** tl;dr courtesy of u/Georgesoliman + +>"This is serious boys. We have seen just how loyal the media has been with these funds both in January and over the past few months. If citadel and Kenny play this smart, they’re going to drag it out as long as possible, while using every psychological play in the book. It will be the true test of our diamond hands. We have seen dips, but what will all time highs with media vilification do? Will you give in to a friend of a friend or a family member telling you to paper hand out of fear for their livelihood? It’s going to be long and excruciating. +> +>But I believe in the apes. We have seen the DD. We have seen the psychological strategies. We have seen the reasons why we hold. We have learned just how corrupt the system is. We have gone as far as to recreate entire communities from the ground up several times. We’re ready. I truly believe in us. I believe that when we see the FUD we will remember every post, every fellow ape who has invested with us, and fall even more into the mindset of our namesake: Ape holds until we see the moon. Cheers my guys. Buy. Hodl. Vote. 🦍🦍🦍🚀🚀🚀" + +**EDIT 3:** u/Site_rules drops a bomb. + +>"The name Cordele means "Warm-hearted." and is of "Latin" origin. The Cordele name has a total "7" characters and it starts from the character "C". It's an attractive name, easy to pronounce and is primarily considered for the baby girl names." +> +>Maybe having a girl's middle name is at the root of Kenny's obsession with names, "trying to ensure that any name or combination of letters wouldn't doom his three children to ridicule." +> +>Is Kenny G our modern-day "Boy named Sue?" + +BS - Cordelia is the name of one of King Lear's three daughters. She is the one who tells him she can only love him out of family loyalty, causing him to banish her. Remember how his ex said that Kenny showed "no interest in the children after they were born?" 👀👀 + +**EDIT 4:** u/pino_brown bringing the heat + +>I think Palafox Trading LLC, the repo market arm of Citadel is also part of the name game. +> +>Per Google: “The noble Spanish surname Palafox is of toponymic origin, derived from a place name where the original bearer resided or held land. The surname appears to derive from the Latin term “palatiolos,” which means “small palaces.” +> +>It’s also the name of two Spanish generals, Jose de Palafox y Melzi, 1st Duke of Zaragoza and his brother Luis Rebolledo. + +BS - General Jose de Palafox was 1st Duke of Zaragoza, which is in the autonomous community of Aragon. From 2003 to 2009, "[Griffin was the lead investor in Aragon Global Management](https://en.wikipedia.org/wiki/Kenneth_C._Griffin)." WTF is happening? + +**EDIT 5:** u/boomverz getting Biblical. + +>Fascinatingly Archegos is also a biblical term meaning a sacrifice, one who goes first + +u/Muertomus adds + +>Archegos also is derived from Greek which means "One who leads the way" "The First to Go" First Hedge Fund to collapse, an omen to say the least. + +BS: A different modern translation comes out as "captain," which we already know Kenny likes. + +**EDIT 6:** u/MontyRohde confirms that the wealthy use meme names to flex their crime. + +>Enron hid loses from Joint Energy Development Investment Limited (JEDI limited) in a limited partnership called ChewCo. +> +>The elites also meme. Instead of images slathered with impact font, they give their shell companies silly names. Same frivolity but on a much grander scale with far grander stakes. + +BS - From the Wikipedia entry: "Chewco Investments L. P. was a limited partnership associated with the Enron scandal, which resulted in the bankruptcy of Enron. It was named after the Star Wars character Chewbacca, because it was created to hide losses from the Joint Energy Development Investment Limited, known by its acronym "JEDI". Like Chewbacca, the Jedi Knights were prominent characters in Star Wars." + +So, one of the scams that Kenny has based his on is confirmed to have used meme names for its shell company. 👀👀 + +u/GrubWurm89xx points out more evidence this is a game the wealthy play. + +>Don't know if it's been posted but Enron had another joke name on there books. Mr. M. Yass, which probably stood for My Ass. Money was disappearing off the books and being paid to this person + +**EDIT 7:** u/ProgressiveOverlorde bringing some fun. + +>I think u may be right about his medieval naming obsession thing. Motley Fool is like his Court Jester + +**EDIT 8:** Just heard about Ashler Capital from [this thread unraveling all of Citadel's umbrella companies](https://www.reddit.com/r/Superstonk/comments/nghov2/the_final_nail_for_citadel_and_youre_holding_the/). According to the Free Dictionary an ashler is, + +>a rectangular block of hewn stone used for building purposes building block - a block of material used in construction work stone - building material consisting of a piece of rock hewn in a definite shape for a special purpose; "he wanted a special stone to mark the site" + +Ashlers would be used to build citadels and fortresses, and may denote something special where they are used. What's so special about Ashler Capital, formed in 2019 and doubled in size since, according to their LinkedIn profile? + +**EDIT 9:** u/catsinbranches with the French lesson. + +>An alternative to your interpretation of “Sessa” is the French “cesse ça” which means “stop it”. Remember that his wife is French, and he has 3 young children. I’m willing to bet that gets said A LOT. If you say “cesse ça” quickly, it sounds exactly like “Sessa”. Maybe he’s hoping Sessa Capital can somehow put a stop to things? + +&#x200B; +I’m new to investing so the only broker I know or got is Robinhood. What brokers do you guys use and why is it better or worse than Robinhood? What would you recommend for a newbie like me and for someone that begins to gain experience? + +edit: wow thanks everyone! i didn't expect so many responses! very helpful! +Current position is $77k a year, 30 PTO days, $200/mo insurance premium with $7k out of pocket max for me and my child. + +New job would be $85k, 17 days PTO, $0 premium but $8k out of pocket max. + +Wondering how best to phrase it and if asking for 5 more days plus $90k seems like a fair counteroffer? + +I would honestly likely accept the job with just a week more vacation even if they don't go for $90k, as it's a significantly shorter commute and a much better position for my career aspirations. It's really the PTO that's holding me back. + +Edit: thanks everyone, I've decided to simply let them know my current PTO situation and ask if there is any wiggle room on that front. I will see what they respond, but thinking about the time saved from the commute and increase in salary I am very heavily leaning towards taking this job. +&#x200B; + +https://preview.redd.it/g40qj0t8a6871.png?width=1600&format=png&auto=webp&s=e58711dcbffbcf5b77e22c30f4eb288c5f36b0fd + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/307847saa6871.png?width=680&format=png&auto=webp&s=6b4dbc28ddc45cf587f34f12f53aeba2837d6d5d + +Reverse Repo's + +&#x200B; + +https://preview.redd.it/jz7dl7yja6871.png?width=696&format=png&auto=webp&s=1e43a621422e4cb161dedc121e4e4295111f9dc8 + +Reverse repo's at 803.019 with 75 participants + +&#x200B; + +https://preview.redd.it/npos90oma6871.png?width=960&format=png&auto=webp&s=87545361a47cf911c6f77c7e815f637bd0d8a218 + +The exponential floor by u/jth1 + +Seems like the Sideways trading guy and exponential floor guy are joining forces :P + +&#x200B; + +[credit to u\/VeryUnscientific](https://preview.redd.it/d20n7jmgb6871.png?width=960&format=png&auto=webp&s=bb5c8162fd61d9c125685fb27882bc1d4579f38a) + +# The Russel 1000 + +We've not seen a lot of movement this past week, but we did expect it, so today is the last T+2 day of the Russel 1k, meaning we could see some movement today, but perhaps they are also having trouble to find enough shares to even buy in right now. + +It's unknown, but I guess time will tell. + +&#x200B; + +https://preview.redd.it/2utwjvbsb6871.png?width=828&format=png&auto=webp&s=dd83e06afba9345fc916b85b52ffabbe0ad797f1 + +# NFT + +Foobar posted this screenshot yesterday, so I thought I'd check it out real quick. + +He has since posted an update a couple of hours ago that "Revest" is not in any way related to GME. + +&#x200B; + +https://preview.redd.it/fsrg6q26c6871.png?width=450&format=png&auto=webp&s=aad0117b26451767deb80f258a5b8a205c9a13fb + +So guess we'll still have to wait for some news to come out on that aspect and known what it will be. + +Give it time guys, no rush. + +&#x200B; + +https://preview.redd.it/ld644qcnc6871.png?width=750&format=png&auto=webp&s=05836b2823f26e805d71ea1408ce378fc1c2dc27 + +Reply u/bpawsitive got from the GME Blockchain team. + +Love the sentance "We are humbled, and jacked as ever about the future".... let me feed my bias ok, stop judging me Karen. + +https://preview.redd.it/1na2cc3xc6871.png?width=960&format=png&auto=webp&s=94a037719dea5bec0e02b83f1f381c994c8a0af7 + +Also seems that GME is not slowing down with those Fire hires 🤔 + +&#x200B; + +https://preview.redd.it/zfv4uii2d6871.png?width=960&format=png&auto=webp&s=7ea34624e6b8ffed7172f071c119b7c7b82ff33a + +# Banks go Batshit with Dividends + +Ok so this one is a little tin foil, because this is off of memory and I couldn't find a source for the following. + +<Tinfoil> I can remember in 2008 months before the actual crash happened they were pumping up dividends higher than usual, I was not involved in stocks back then so... yeah the fact I know about it shows that it was a big deal at the time and may have been an indicator of the incoming crash</tinfoil> + +from u/Prof_Dankmemes + +Multiple banks (including JPC) are citing the Federal Reserve Stress Test as the reason for raising their dividends this quarter. + +The lack of oversight and balance of power is fucking criminal: + +Banks own the FED ➡️ FED pushes a “stress test” that cites outdated and underreported data ➡️ Banks then cite the “stress test” as proof that everything’s fine, that ‘hyperinflation is nothing to worry about’. ➡️ Banks and bank-owned MSM use the story to raise dividends and raid their own cash reserves one last time before American Bastille 🤬 + +&#x200B; + +https://preview.redd.it/6y2313s8e6871.png?width=960&format=png&auto=webp&s=f5951228c485962ad39bbf413b9012cd0e19d045 + +Ya'll like barcodes? + +[https://www.reddit.com/r/Superstonk/comments/o9qeq7/russell\_1000\_1\_min\_chart\_wtf\_is\_this\_i\_have\_never/](https://www.reddit.com/r/Superstonk/comments/o9qeq7/russell_1000_1_min_chart_wtf_is_this_i_have_never/) + +it sorta got debunked + +[https://www.reddit.com/r/Superstonk/comments/oa1kvz/about\_the\_russell\_1000\_photo\_going\_around/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/oa1kvz/about_the_russell_1000_photo_going_around/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/4almrsfie6871.png?width=4096&format=png&auto=webp&s=79a8571555f3a978d3460697cfb44426f6fe8bfd + +SVR by Annihil4tionGod on twitter! + +&#x200B; + +https://preview.redd.it/dmw2burbe6871.png?width=554&format=png&auto=webp&s=aa312f680d616fbc84abf6566c91a46c0201d5a0 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/j3q4s2hee6871.png?width=400&format=png&auto=webp&s=9278008a17189e13a276e1979111aeabc40542c1 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) +I’m a fairly new investor (post Covid crash—started investing around late June) and I was wondering where I could find some reading material on the psychology of traders/investors before the crashes in 2000 and 2008. I’m 16 years old so I haven’t really lived through a financial crisis, I believe it’s crucial to study the history of the markets to have better judgment about the future of the stock market. + +Im super curious as to what people were thinking about the state of market prior to the market crashing. If people could provide some articles, forum pages, papers etc concerning this topic that would be very helpful. +I'm honest with my friends and I trust them not to judge me but having to ditch on regular small things like dinners or movies I feel compelled to tell them that they're still dear to me and can't afford to do that fun thing with them + +Of course there's always free things we can do as friends like bike rides and back yard fires, it would crush me if anyone offered to pay for me, I hate feeling in someone's debt + + +* Pfizer said its Covid-19 pill, used with an HIV drug, cut the risk of hospitalization or death by 89% in high-risk adults who’ve been exposed to the virus. +* It’s now the second antiviral pill behind Merck’s to demonstrate strong effectiveness for treating Covid at the first sign of illness. +* Pfizer said it plans to submit its data to the Food and Drug Administration “as soon as possible.”  +* [https://www.cnbc.com/2021/11/05/pfizer-says-its-covid-pill-with-hiv-drug-cuts-the-risk-of-hospitalization-or-death-by-89percent.html](https://www.cnbc.com/2021/11/05/pfizer-says-its-covid-pill-with-hiv-drug-cuts-the-risk-of-hospitalization-or-death-by-89percent.html) +I’m not too well versed in what this means for a company, but some brief reading has me in a panic, and seems like my company is getting ready to go insolvent. Is this the likely outcome? Is it common for companies to do this but still continue operating and survive? How long does it take for this process to play out? + +I appreciate any help. I love my job, I’ve considered it a dream job, and know that I won’t make nearly as much somewhere else. +I attempted a bank transfer back in March which took 3 months and made me miss out and a lot of market gains, only to have had the process get cancelled because of some technicality. + +Long story short I have a full TFSA account in a big bank right now, and I'm looking to move it all to a broker. + +I've contributed my yearly amount this year and am fully maxed out at 69.5k contributed. + +I was planning on liquidating everything from TFSA to a Savings account gradually until January 1st and then transfer everything out of the bank savings account to the brokers TFSA account via e transfers / interact. + +The way I understand it is that the amount I remove this year will be added back to contribution next year, so I'll be able to move that full TFSA + have the new contribution room for 2021. + +Before I do this though I just want to make sure nothing here seems off, is this all correct? +Would be interested to hear how some of you have escaped the full-time slog and managed to create a comfortable work/life balance. I'm not saying you have to have completely exited the rat race either, but I'm working full-time at the moment and doing the same thing everyday is killing me. I need flexibility & something cognitively stimulating. I'm currently looking at doing casual work, then filling in my off days either with my side business or stuff I enjoy! Trying to create some flexibility and FREEDOM!! +I don't know if this is properly an economics question, but I would love to have a bird's-eye view of how every aspect of the economy relates, which industries buy what from which others and what they produce in turn, etc, so that I could theoretically trace something all the way from "ore in the ground" (or plants in the ground or etc) to end products, and understand what all the prerequisites for any given product to be made are - or could that even be satisfactorily mapped? What's the closest thing to this which exists? +Earlier this year I sold all my other investments to go all in on Bitcoin because I was told this is a volatile market and I won't have to wait long for good returns. I just looked at the price and its still at $48,000. That thing hasn't moved in over 6 months. Has Satoshi stopped the Bitcoin servers? WTF is going on? I guess I will go back to the stock market where we get real volatility. I once made +2.4% in the stock market in just 5 months, we sometimes get -5% drops but I guess the stock market isn't for the light hearted. Oh well what would you kids know about volatility +This isn't very thorough DD, but I was curious peoples thoughts and I'll give my brief idea too. I bought a small position months ago to track it, purely on reading a comment (yes im one of those people) that they are actually opening a functional gold mine, not just engaged in exploration. It's more-or-less been trading sideways in the .32-.38 range since January. + +**My not-very-dilligent-DD:** + +They have an open-pit mine in Nicaragua called the San Albino project. They just sold their Mexican operation on the 1st of this month and are focusing on getting San Albino operational. After looking into it a bit, the thing that got me excited was that they are aiming for early Q2 (just started) to begin commercial production. Of course I don't fully buy this and they'll likely push the date back, but their tests of quality do look promising. + +From a quick glance, their balance sheet doesn't look too good. But then again they haven't entered commercial production yet. + +I haven't seen any thorough DD done on this, and the only posts when I searched for it seemed to be from r/pennystocks a year ago, including one where the commenters mostly made FF7 jokes. + +**Thoughts:** + +So, anyone else holding this? What are your thoughts? Do you have faith in it? What holding period you looking at? + +I'm tempted to buy a few thousand shares ideally @ .34 or lower. That way I can at least make a quick buck by flipping it @ \~.38 which I'm reasonably confident it will get back up to in the very near future. This also seems like a good entry point if I feel like holding longer under the presumption that they will actually start commercial production. + +Position: 200 @ .39 +In a remarkable result, CRSP shows that their gene editing treatment, using the CRISPR-Cas9 technology that recently won its co-founder Emmanuelle Charpentier the 2020 Nobel Prize in chemistry, effectively cured one patient of sickle cell anemia and another of B-thalassemia. CRSP announces these results in a talk at the American Society of Hematologists and in a publication in the premier medical journal- NEJM + +https://www.nejm.org/doi/full/10.1056/NEJMoa2031054?query=featured_home + +This is the first time gene editing has cured a genetic disease in patients. + +CRSP and the other gene editing stocks EDIT, NTLA, and BEAM have had great runs this year, and their technology has now been validated in a landmark study. +They told me someone of my income should be spending more per month than I was and they wouldn’t approve the refinance without me increasing my expenses declaration. I said I was frugal and that’s why I own a house as a single young female on an average wage and have good savings. The lending specialist said I need to revisit my expenses, for example I left personal grooming empty, what about hair cuts? I said I haven’t had one in two years, I’m growing it out and trim the ends myself. She said what about internet? I said yeah I hotspot my phone that I only pay $28 a month for, no monthly home internet account. It was very strange. I feel like I just got shamed for saving my money? This is a bit of a vent I guess, just was a very bizarre situation. Is this... normal? Like I get some people might underestimate to look better but they could have just checked my bank accounts to see it’s legit. Oh well. I’ll look at other lenders lol. +[(Apes, this is a continuation of Part 3, please find the first half of Part 3 here)](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) + +# The Money Illusion + +[In 2008](https://krugman.blogs.nytimes.com/2010/08/11/debt-in-the-30s/), we were at the end of a major debt supercycle. The frenzied mortgage lending and securitization in the financial sector, along with massive consumer credit borrowing, had set the U.S. up for a major crisis. In relative terms, we were at a 27% HIGHER total debt to GDP ratio than the Great Depression. + +These massive debt loads were coming home to roost, manifesting first as a crisis in subprime but then quickly moving to prime mortgages, corporate debt markets, money markets, and even the consumer credit markets. As discussed in Part 2, NY Fed Pres Tim Geitner stated that during the darkest days of 2008 the inter-bank lending market was freezing up, and we were “[days away from the ATMs not working](https://www.youtube.com/watch?v=QozGSS7QY_U)”. + +&#x200B; + +[Total US \(Public+Private\) Debt to GDP](https://preview.redd.it/rfxp8w0v18a71.png?width=482&format=png&auto=webp&s=bdd16cb4fcc7a4d1fd966a5be51e838a07dc2edd) + +&#x200B; + +But, this didn’t happen. Ben Bernanke, the Chairman of the Federal Reserve, was a self avowed student of the Great Depression- and was determined not to let it happen again. He, along with Treasury Secretary Hank Paulson (Former CEO of Goldman Sachs) and Tim Geitner, created new lending facilities and MBS purchase programs in order to swallow the massive amounts of toxic assets the system had created. + +Paulson and Bernanke technically had no legal authority to create these programs, but in a crisis, all caution goes out the window. [TARP](https://www.investopedia.com/terms/t/troubled-asset-relief-program-tarp.asp) and other programs authorized by the Treasury bought billions of dollars of MBS, funded by T-bond issuances. This chart shows [US Govt Debt as a % of GDP through today](https://fred.stlouisfed.org/series/GFDEGDQ188S): (notice the spike in debt during and after 2008) + +[US Government Debt To GDP](https://preview.redd.it/ujn9zuyw18a71.png?width=625&format=png&auto=webp&s=0ae7d013a9908e1a43cf2d3be8e3a2646f4ac06a) + +**The US borrowed heavily- TARP alone was authorized for $700 billion. The Treasury did not have the funds to support this so it issued billions of dollars of T-Bonds.** Banks, hedge funds, other governments, and the Fed all bought these bonds en masse. + +**Remember, only the Treasury has the ability to SPEND, and only the Fed has the ability to LEND/PRINT.** The Fed was created as a private institution to “protect” the government from reckless money-printing. The [Primary Dealers](https://www.investopedia.com/terms/p/primarydealer.asp) (banks approved to trade directly with the Govt) buy Govt bonds from the US Treasury, and turn around and sell these bonds to the Fed or other third parties. If you’re confused about how the system works, I recommend watching [this video on how the financial system functions](https://www.youtube.com/watch?v=iFDe5kUUyT0&list=PLF_lD6tTQahfNDvjbfl2OJQWxHBSDYUcA&index=7). + +In the equity markets, as we started bottoming in the first quarter of 2009, hedge funds, banks, and family offices began loading up on margin debt again. This renewed confidence in the banking system and overall lending capacity began [pushing equity markets](https://www.advisorperspectives.com/dshort/updates/2021/06/16/margin-debt-and-the-market-up-1-7-in-may-continues-record-trend) back up. + +&#x200B; + +[Margin Debt and Stock Market Rally](https://preview.redd.it/pbrzfxpz18a71.png?width=638&format=png&auto=webp&s=55dd56a772f393a4df2969eb153c93f97c37a581) + +Further stabilizing the markets was the Federal Reserve with their massive Quantitative Easing program. In 2008, the [Federal Reserve’s Balance Sheet ballooned](https://fred.stlouisfed.org/series/WALCL)\- assets (Treasuries and MBS) grew from $880 Billion pre-crisis, to $2 Trillion immediately after, and eventually over $4T by 2014. Many economists, particularly those with a libertarian bent, such as Peter Schiff, immediately decried this reckless behavior and predicted immediate hyper-inflation as early as 2011. + +[Federal Reserve Balance Sheet](https://preview.redd.it/c3xymxf228a71.png?width=617&format=png&auto=webp&s=6022846b09f94c79188be23c66859b95a342063b) + +When the Fed buys assets, it is completely different from any other institution buying. Pension plans or mutual funds use the savings of the investors of the fund. **Because that money came either from working, or from other investments, it represents NO net increase in money supply.** The money they received HAD to come from someone else, for a good/product/service/asset they created or provided. + +However, the Fed has no taxing authority, no savings, no funds to speak of at all- **EVERYTHING the Fed buys it purchases through money it PRINTS**. **Thus, Fed Balance Sheet expansion=money printing. The Fed printed $2T in the two years following 2008.** + +**This rampant money printing rightly worried experts and pundits in the media- but the inflation they feared never came. They were flat out WRONG. Why?** + +**Most of the new money that was printed went directly into the banking system**. Lyn Alden describes it brilliantly- + +“Leading into the financial crisis, only about 13% of bank reserve assets consisted of cash (3%) and Treasury securities (10%). The rest of their assets were invested in loans and riskier securities. This was also at a time when household debt to GDP reached a record high, as consumers were caught up in the housing bubble. + +That over-leveraged bank situation hit a climax into the 2008/2009 crisis, coinciding with record high debt-to-GDP among households, and was the apex of the long-term private (non-federal) debt cycle. **When banks are that leveraged with very little cash reserves, even a 3% loss in assets results in insolvency.** And that’s what happened; the banking system as a whole hit a peak total loan charge-off rate of over 3%, and it resulted in a widespread banking crisis” (I can't link source, it keeps getting the post taken down- I will post it in comments). + +[Bank Recapitalization](https://preview.redd.it/h2e3zan728a71.png?width=621&format=png&auto=webp&s=21227fa9075245823c0e463a9626cf0bd5ba924e) + +**Thus, the new money went to recapitalize banks and shore up their balance sheets to defend them from bankruptcy- it stayed in untouchable bank reserves, and never entered circulation.** + +The money that didn’t go to repair bank balance sheets flowed directly into the markets - Let’s walk through it. + +There are two different economies-[ the real economy, and the financial economy. ](https://www.mdpi.com/1911-8074/14/3/129/htm)**The tidal wave of new money the Fed was creating did not cause inflation (in the traditional sense), because the money did not flow into the real economy- the goods, products and services that everyone consumes on a daily basis.** The money instead flowed into the Financial economy- bond markets, stock markets, private equity funds, commodities, Forex markets, etc. + +[Financial Economy vs Real Economy](https://preview.redd.it/b8v6b23a28a71.png?width=635&format=png&auto=webp&s=60f2d1ae42bdad9f98b92f03ebe1b7903c879b88) + +When you give a bank $100M, it doesn't go out and buy $100M worth of Big Macs and Kleenex- the bank puts these funds into investments, generally either in the form of loans or in the form of equities or equity derivatives. Thus, the funds that flowed into the banks are stored up almost exclusively in the financial system, or get pushed into loans to consumers. + +“Wait a second!”- you say. “The Fed printed money to buy T-Bonds- The Treasury usually spends funds that go into the real economy-- so THAT should have caused inflation, right?” + +Yes, this is typically what happens. **But, during and after the 2008 financial crisis the majority of Treasury expenditures went to programs that were stabilizing the financial system (TARP+ TAF+ TLGP+ Others). So, the money that would have been spent by govt agencies in the real economy** [**instead just flowed back to banks and financial institutions**](https://www.stlouisfed.org/publications/regional-economist/january-2011/a-closer-look-brassistance-programs-in-the-wake-of-the-crisis)**.** + +Typically in a recession the Treasury will increase spending to cushion the blow to workers- and in 2009 they did extend a few unemployment benefits. But, by and large, Congress authorized few benefit programs for workers, and the [average time on the benefit decreased after a slight bump in 2009](https://www.nytimes.com/2021/01/21/business/economy/unemployment-insurance.html). + +[Average Time on Benefit](https://preview.redd.it/345yskvc28a71.png?width=607&format=png&auto=webp&s=09c1baf172e55f5753b5542006f970280e3a7725) + +Thus, the amount of freshly-printed money that reached the real economy was minimal, and whatever money did reach it largely acted to counteract deflationary forces- it wasn’t enough to actually induce inflation. The government did little to stop foreclosures, or provide aid to small businesses. [Unemployment spiked](https://www.macrotrends.net/1377/u6-unemployment-rate), and due to the [Phillips Curve Principle](https://courses.lumenlearning.com/boundless-economics/chapter/the-relationship-between-inflation-and-unemployment/#:~:text=The%20Phillips%20curve%20shows%20the%20relationship%20between%20inflation%20and%20unemployment,run%20Phillips%20curve%20was%20stable.) (covered in Pt 1), this put a dampening effect on inflation. + +[Unemployment Rates](https://preview.redd.it/9dxis4se28a71.png?width=612&format=png&auto=webp&s=d9a66852c917d5a025c00f46900e4d16a4a180c4) + +The funds the Federal Reserve had created, therefore, created no inflation in the real economy- instead they [flowed to the financial economy](https://twitter.com/Mayhem4Markets/status/1411139236435275779?s=20) and inflated financial assets. This started off the [largest and longest bull market run in U.S. Stock market history](https://www.investopedia.com/market-milestones-as-the-bull-market-turns-10-4588903)\- easily beating emerging and other developed countries’ equity markets. + +[Massive US Stock Market Rally](https://preview.redd.it/mpg5b29h28a71.png?width=620&format=png&auto=webp&s=5f5621475cd0ecbd06d8897592ca085854683fc1) + +[Keynesian economists](https://www.investopedia.com/terms/k/keynesianeconomics.asp#:~:text=Keynesian%20economics%20is%20a%20macroeconomic,output%2C%20employment%2C%20and%20inflation.&text=Based%20on%20his%20theory%2C%20Keynes,economy%20out%20of%20the%20depression.) lauded this as an accomplishment- **they believed they were creating what is called a “**[**Wealth Effect**](https://www.investopedia.com/terms/w/wealtheffect.asp)**” - a theory that stated that as people’s financial wealth increased, they would be induced to do more spending and investment- thus, by propping up the stock market, they would stimulate the real economy. This is awfully convenient for the rich-** [**the top 10% own 85% of the equity markets,**](https://www.cnbc.com/2020/08/27/wealth-gap-grows-as-rising-corporate-profits-boost-stock-holdings-controlled-by-richest-households.html) **and thus have seen their wealth balloon by over 186% while growth for everyone else stagnated.** + +Ironically this theory has it exactly backwards- real economic growth should drive the stock market, not the other way around. But, convinced of their theories, economic policymakers continued to pump ever increasing sums into the financial system. + +**When you divide stock market performance by the Fed’s Balance sheet, you see that there has been basically NO real growth since 2008.** + +&#x200B; + +[The Rally is an Illusion](https://preview.redd.it/7locky7n28a71.png?width=740&format=png&auto=webp&s=3c21adbd363d10699e28ae34f0d4dc4b09a9e777) + +**The entire “rally” we have experienced for the past 12 years has been nothing but an illusion- it is simply the result of vast money inflows into the financial system.** Banks and financial institutions will do everything they can to convince you that the high stock market valuations are justified by fundamental growth. + +This is wrong- these valuations are NOT justified. Insane levels of money printing and debt leverage have created extremely dislocated equity markets. For example, [Square (SQ)](https://www.nasdaq.com/market-activity/stocks/sq) has a forward [PE ratio](https://www.investopedia.com/terms/p/price-earningsratio.asp) of 499.87- it currently doesn't pay a dividend, but let’s assume it paid a 3% [dividend payout ratio ](https://www.investopedia.com/terms/d/dividendpayoutratio.asp)(which is rare for tech stocks) - **if that were the case, it would take 14,996 YEARS for the dividends to pay pack the price of ONE SHARE. (449.87/0.03).** + +To summarize, see [this image](https://www.reddit.com/r/Superstonk/comments/njmqe2/were_approaching_the_endgame/) from a post I made a month back- **all the warning lights are blinking red. The markets are at the extreme end of the range by almost every valuation metric- and no one seems to care.** + +[Summary of Recent Warnings](https://preview.redd.it/vpw34xbs28a71.png?width=409&format=png&auto=webp&s=9ed5bd8caef1db4d622b2b3532425d130cfb5575) + +The markets are slowly being “walked up” every day. Today, the **ultimate price insensitive buyer (the Fed)** is now plowing $120B a month into Treasuries and MBS, and the Primary Dealers now have to turn around and put their money somewhere. **The bond market is already a trap with 2% yields, and 5% inflation. There’s no more profit potential there, so these institutions are forced to buy equities if they want any returns.** [**The Fed is killing whatever is left of price discovery.**](https://twitter.com/NorthmanTrader/status/1410296365012459521?s=20) + +[SPX grinding higher daily](https://preview.redd.it/pz00pg3w28a71.png?width=736&format=png&auto=webp&s=2149d1cc11b5cd1174492382ce230c1f566d7979) + +Four billion dollars or so a day is being pumped into the system- and going straight to the stock markets. + +Further, to stimulate growth in the real economy, [policymakers dropped interest rates to near 0% in late 2008 ](https://fred.stlouisfed.org/series/EFFR)to induce bank lending to get consumers to borrow and spend again. ([70% of our economy is consumption](https://fred.stlouisfed.org/series/DPCERE1Q156NBEA) due to the factors discussed in Part 1). + +This did create massive loan demand- basically every sector of the US economy began borrowing en masse. The Fed was able to “reflate” the bubble and allow the economy to survive on debt financing to “re-invigorate the economy”. **Fast-forward to today, and a decade of pinning rates to the zero-bound has us breaking records in terms of debt loads:** + +[Student Loan Debt](https://educationdata.org/student-loan-debt-statistics): + +[Student Loan Debt](https://preview.redd.it/2kzhfp0y28a71.png?width=604&format=png&auto=webp&s=a9db6ae3ff7854e90e32f27a2aed7e6601ae625a) + +[Corporate Debt:](https://www.washingtonpost.com/business/2020/03/10/coronavirus-markets-economy-corporate-debt/) + +[Corporate Debt to GDP](https://preview.redd.it/t59yd1e038a71.png?width=615&format=png&auto=webp&s=93d47f8d063b09e0f329d737688fcea732fe4582) + +[Consumer Credit Card Debt](https://wolfstreet.com/2020/08/09/the-state-of-the-american-debt-slaves-q2-2020-the-credit-card-phenomenon/): + +[Consumer Credit as &#37; of GDP](https://preview.redd.it/2of0cde238a71.png?width=422&format=png&auto=webp&s=6d04f2821f8e90fb9e75fe0a3023b8bae50fe5f9) + +&#x200B; + +[Auto Loan Debt](https://fred.stlouisfed.org/series/MVLOAS). + +[Auto Loans](https://preview.redd.it/32a1dkwc48a71.png?width=599&format=png&auto=webp&s=8b9c9816a63f3322686d0fdaaba9e8271426b0f5) + +I could go on and on, but you get the point. Now, the entire system is overleveraged- the cancer has spread, and it has infected virtually every single sector of the economy. + +**People keep saying that we “kicked the can” of 2008 down the road. This is WRONG. We kicked the can UP THE STAIRS- meaning, we not only delayed the problem, but made sure it would get WORSE, since we borrowed MORE to paper over the old debts and worthless securities the system had created.** + +**A fascinating aspect of our recent financial history is that** [**the bailouts are exponentially growing**](https://www.youtube.com/watch?v=GT1WqIkg9es&t=56s)**- this is due to the simple fact that the entity giving the bailout has to have a balance sheet multiples larger than the firm receiving the bailout, and government guarantees of banks induce reckless speculation.** For example, to bailout a bank with $10B in mark-to-market losses, you need a bank with a $20 or $30B capital surplus, to absorb the loss and keep the depositors and creditors satisfied that the bank giving the bailout won’t go under. + +In [1998, a hedge fund called LTCM ](https://www.thebalance.com/long-term-capital-crisis-3306240)was near collapse- [it had leveraged itself over 25-1](https://sites.duke.edu/djepapers/files/2016/08/prabhu.pdf), using complex algorithms made by Nobel Prize winning economists to predict bond prices. They had made massive derivative bets buying Russian bonds (among other things) - and when the Russian government defaulted in August 1998, their positions began to unravel. + +The massive debt and derivative exposure they had created was threatening to pull several large banks down with it. The Fed stepped in during September to organize a $3.5 Billion bailout, funded by 12 large banks. **According to James Rickards, General Counsel of the LTCM Bailout- the US equity and bond markets were “**[**close to being completely shut down**](https://www.youtube.com/watch?v=P4_1pwsm5LY&list=PLE88E9ICdiphYjJkeeLL2O09eJoC8r7Dc&index=8)**” during the worst of that crisis. (start at 16:30)** + +In 2008, the entire US financial system was nearing collapse and desperately needed a bailout. A massive bank run had begun. Congress stepped up and provided- in the end spending over [$498 Billion of taxpayer funds](https://mitsloan.mit.edu/ideas-made-to-matter/heres-how-much-2008-bailouts-really-cost). However, the Fed also provided a bailout (though QE), eventually [buying over $1.7 Trillion of MBS](https://fred.stlouisfed.org/series/WSHOMCB). + +Since the Great Financial Crisis, the banking system debt crisis has now become a government debt crisis, and indeed an economic debt crisis- **and this debt has spread worldwide.** Equity and bond markets have continued to march up, despite fundamentals. This new financial paradigm was rightly termed “[The Everything Bubble](https://www.amazon.com/dp/B0794RLM8R/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1)” + +[Total World Debt](https://preview.redd.it/b01f8f4638a71.png?width=601&format=png&auto=webp&s=d91ead1be1711bb17666e242bde41e1b9d0fbc5f) + +[**Total (Govt+Private) Global Debt**](https://www.axios.com/global-debt-gdp-898959ed-f96a-4c4d-85a3-5d3cc419631f.html) **now stands at staggering $281 Trillion, or 356% of GDP.** We’ve never been here before- we are now navigating uncharted waters. The next bailout will have to be bigger- a LOT bigger. + +# Avalanches + +[Avalanche](https://preview.redd.it/mglsuam938a71.png?width=622&format=png&auto=webp&s=21330913e64427c381233b2f82f3f285d99f0610) + +Imagine a snowfield on an alpine slope, above a small town. A few inches of snow falls. Everything is fine. More snow falls. Still nothing happens. A blizzard moves in. A day later, the snowfield reaches critical mass. Then, a disturbance happens- it could be a deer foraging for food, or a hapless skier exploring the backcountry. The snow starts sliding, pushing the snow below it. Positive feedback loops start to engage. **The field begins to slide- now an avalanche has begun. The town is wiped out.** + +The financial crisis was the beginning of a debt avalanche- it’s likely that over 70% of the major banks, mortgage brokers, and other financial institutions would have gone bankrupt, superseding the Great Depression-era record of 30%. Thousands of private and public companies would have gone bankrupt. Real estate and equity markets would have entered a freefall lasting for years, and unemployment would likely have spiked past 30%, bringing back the soup lines not seen since 1936. + +Instead, policymakers kicked the can up the stairs- they issued massive amounts of government debt to paper over the 2008 crisis, and incentivized excessive borrowing in the private sector. The fundamental factors that caused the crisis (unregulated derivatives, bank combinations, excessive leverage, lack of oversight) were never resolved. **As** [u/Criand](https://www.reddit.com/u/Criand/) **so elegantly puts it, 2008 never ended. Now, with**[ **US Government Debt standing at over $28 Trillion**](https://fred.stlouisfed.org/series/GFDEBTN)**, there are only tough choices ahead. We will soon reach a point where the interest payments alone on the debt supersede all US Tax Revenues- when that happens, we will have traveled beyond the event horizon-** [**there will be no coming back**](https://www.cbo.gov/publication/56598)**. The debt will be IMPOSSIBLE to pay off.** (This is according to the governments own projections!)**📷** + +[US Government Debt Projection](https://preview.redd.it/rn0jnbzg38a71.png?width=795&format=png&auto=webp&s=28f68b2a6a282b563a62669e90c820792a9e7a5a) + +**The US Government continues to borrow- running a staggering**[ **$2.1 Trillion deficits for just the first half of 2021**](https://bipartisanpolicy.org/report/deficit-tracker/)**. There is no end in sight. The Biden Administration is pushing for another $**[**1.2 Trillion in infrastructure spending**](https://www.whitehouse.gov/briefing-room/statements-releases/2021/06/24/fact-sheet-president-biden-announces-support-for-the-bipartisan-infrastructure-framework/) **this year ON TOP of the already massive deficits. Some politicians are demanding that it be more.** + +**Day by day, we are adding snow to the mountains above our village. When will end is anyone’s guess, but borrowing more will only make the end worse.** + +# Smoothbrain Overview: + +* Through the magic of Fractional Reserve banking, institutions can loan out much more debt than cash that actually exists. This increases systemic risk. +* As a result, over 90% of all capital created is in the form of debt. This supercharges debt cycles and can cause massive bank failures. +* When debt super-cycles crest, and begin the march downwards, massive deleveraging and defaults begin. If the banking system is weak, bank runs begin. (1930s) +* We were hitting another end of the 80 yr debt cycle in 2008 (1929-2008 (79yrs)). We never de-leveraged the system. **Instead, we re-leveraged EVERYTHING even MORE.** +* The Government and the Fed swept in and bailed out the banks. Now the Federal Government is deeply in debt to the[ tune of $28 Trillion](https://fred.stlouisfed.org/series/GFDEBTN). +* **The trillions printed by the Fed were almost exclusively routed to the financial system- creating a new bubble in every single asset class,** larger and even more widespread than the 2008 bubble. +* **We never resolved 2008. We only kicked the can up the stairs.** The Derivatives monster from Pt 2, along with a massive debt avalanche, will come back with a vengeance. +* Almost every sector of the US economy, and indeed the world economy, is now greatly overleveraged. **Global Total Debt to GDP broke past 350% during Covid**. +* Options are running out for policymakers. Debt borrowing and money-printing cannot continue forever. + +# Conclusion: + +**The debt crisis will return, but this time, it will be the financial system, US government, and indeed the ENTIRE world economy that needs a bailout- and who has a big enough balance sheet to absorb that? The only answer is the ones with an infinite balance sheet- the Central Banks.** + +The idea that anyone can borrow forever, or print money forever, with no consequences, defies basic financial logic. **Impossible Objects cannot exist forever.** History shows deadly consequences for the nations that venture down either path. The United States is no exception. + +**The Fed has already tried to escape this trap in 2018. It failed. Sovereign creditors are losing faith in the US Treasury, and have been since 2015. The walls are closing in, and the ultimate decision must be made. (More on this in Pt 4)** + +**The avalanche is coming either way- and we only have two choices. Either we allow ourselves to be buried under a mountain of hyper-deflation, creating a new Great Depression, frozen credit and equity markets, and massive bank failures- or, we burn our way out, using the inferno of money-printing and hyper-inflation.** + +&#x200B; + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART FOUR (SERIES FINALE) “AT WORLD’S END” + +&#x200B; + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. Hyperinflation is GOOD FOR GME--- DEBT VALUE COLLAPSES, MONEY CHASES ASSETS (EQUITIES) pushing the price UP, so shorts will have to cover) BUY AND HOLD.** + +&#x200B; + +Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice. + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). (ALL THESE LINKS ARE GOOGLE DRIVE LINKS, FROM A DUMMY ACCT!) + +**(Side note: I’ve been accused of being a shill/FUD spreader for the first two posts- please know this is NOT my intention! I cleared this series with Mods, (**[**PROOF**](https://drive.google.com/file/d/1HlM0vR0Mguo83k6KKKQg5HKyCZaLrOHQ/view?usp=sharing)**) (THIS IS A GOOGLE DRIVE LINK, I WASNT SURE HOW ELSE TO SHARE IT) but if you think this is FUD/SHILLY then downvote/comment and I can discuss further.)** +In the real world, I would look up a formula to use it or have used it enough that I know it by heart, but when taking doctoral level classes, with no formula sheet, how does one memorize 20 formulas and numerous processes? In undergrad, I would use mnemonic devices such as acronyms or the Roman Room method, but numbers are harder. Frankly, I'm overwhelmed and wondering if there is a funner or more efficient way of learning so many formulas and processes? Any tips? Help? Experience? +Are the current sellers mainly those who are short term traders as opposed to long term investors? The reason I ask is because unless you think companies like Google, Apple, and Microsoft are going to go bankrupt, it seems like a great time to buy them for a little longer term profit? 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Things were going ok on my paycheck (I'm at senior specialist payout) with us having just enough money to live, but not enough to save anymore. + +&#x200B; + +Fast-forward to last week when she did a pregnancy test and found she's pregnant. Basically, that means she'll be off from work for next 1,5 years, and this thought hit me like a tonne of bricks, and I am really worried about our financial future. + +&#x200B; + +My career is built around data analysis, which I started to resolve some visa problems. I've been considering to pivot my career, but now I believe I'd stick to that for a bit. + +&#x200B; + +I've started considering a few options: + +1) Try to find a side-gig. Spend time outside of work supporting her + freelancing for an extra buck; + +&#x200B; + +2) Keep up the great work in the office and try to score a promotion within the next year. Spend time outside of work to focus on work projects, and spend as much time supporting her when I'm not in the office; + +&#x200B; + +3) Invest time outside of work into side-business that could turn out into something bringing profits and will involve both of us. + +&#x200B; + +I understand that if I would focus on a freelance, I might miss out on a healthy relationship with my missus, and if this continues when the baby arrives, I will be spending too much time focusing on freelance and will miss important time with the baby. + +&#x200B; + +To be honest, I am feeling anxious AF. No parents there with any money to support us (I am sending money to my mom actually), and just hazy future ahead. What is my best way to move forward? +Before I get started, I need to get some things out of the way: + +* I have been holding since January. +* I have averaged down **and** averaged up since January. +* I do not believe it is possible for the shorts to have closed their positions. +* I have DRS'd all of my GME that isn't tied in my Roth IRA (if someone can verify this can be done without tax penalties, I will do it). +* All of my current and future purchases are and will be through ComputerShare. +* I have accumulated X,XXX shares. +* This isn't my first rodeo and I have been trading stocks for decades. +* I have a Ph.D in mechanical engineering. + +I say all that upfront because there is a dangerous tendency to scream shill and FUD anytime something goes against the grain here. I want you to know I am on your side, we are all in this together, and together we are going to witness a short squeeze like the world has never seen and will never see again. This post might ruffle some feathers, but it is necessary. + +I have been seeing some really bad math surrounding the number of ComputerShare accounts and we need to be realistic if we want to succeed. First, it really looks like the Mod11 theory of ComputerShare accounts is real. This means the last digit of the account is a check digit and must be truncated. Because we are using a base-10 number system, that means removing a digit has the same outcome as dividing the number by ten. If we come across an account that is 516XXX, that means we are *probably* at about 51,600 accounts. + +Now, this isn't set in stone. We don't have the ability to peel back the curtain and see what ComputerShare has done historically or what it is doing now. It's possible ComputerShare created all account numbers sequentially when they first started and transitioned to Mod11 when it became clear apes were coming in droves and we weren't going away. We simply don't know and we can only make estimates. But it's important to know **the odds of new accounts not being Mod11 is really, really low**. For any random account number, an ape has a 10% chance of verifying with Mod11 and see the last digit match. Any two apes have a (10%)\^2 = 1% chance of both seeing matching digits. If you can randomly sample 10 apes and all of them have the matching Mod11 digit, there is only a 0.00000001% chance it isn't Mod11. Just browsing the comments I can definitely find more than 10 apes who have verified the calculation works for them. + +Maybe there's self-selction bias that is skewing our numbers. Maybe apes are much more likely to report they saw a positive hit than a negative one. I don't buy it. In fact, there is a strong incentive to report a negative hit because it is evidence against Mod11 being used. You know what? I've seen accounts who claim the calculation didn't work for them. So now I am forced to reconcile the sea of positive hits with the handful of negative hits while assuming the negative hits all did the math correctly (a poor assumption in my opinion). It doesn't matter what number it *feels* like we should be at. We have strong evidence to the contrary and we need to be realistic. + +I get it. Finding out we're 1/10 of the way we hoped to be really sucks. When I saw this at first it was a gut punch because I started adding up the rate of registration and it was going to take months to DRS all of the available shares. But then I got up, brushed myself off, and reminded myself **apes aren't selling**, we're making positive progress, and if we continue the work **we will win**. It doesn't matter if this is going to take longer than we hoped. The DRS strategy is real, it's working, we'll get there, and then we'll all be eating gold-plated bananas. + +The next piece of bad math I keep seeing is about exponential growth of account numbers. I can't in good conscience say that is what I am seeing when I look at this graph: + +[I don't see exponential growth here. It looks linear.](https://preview.redd.it/hwyosnlm1ps71.jpg?width=720&format=pjpg&auto=webp&s=bbec06aef57f746cfc8d947587b659934af29251) + +As an engineer, I *expected* to see exponential growth because DRS'ing would catch on, go viral, and the flood gates would open. *But we aren't seeing that right now*. Why? I'm not entirely sure, but my theory is the brokers are either dragging their feet on DRS applications on purpose (I'm looking at you TD Ameritrade) or they only have so much man power to devote to the effort and the capacity is currently saturated (I'm guessing this is what is going on with Fidelity). Think of it this way, if Fidelity can only process 2k DRS applications per day, but they are getting exponentially more demands per day, the output is going to look linear even if the input is exponential. I have a hard time squaring this with the quick turnaround reported by Fidelity apes, but I digress. I don't know what's going on here and we need more eyes and brains on this to figure it out. + +Apes. We're better than this. We *need* to be better than this. We're fighting against firms who hire an army of people who know their stuff when it comes to math and data analysis. The strength we have over them is our numbers. We can get hundreds of thousands of eyes on the data and research like wildfire. We can also pool talent from a lot of diverse fields and do it in minutes instead of weeks. I am not saying any of this to get you down, because you shouldn't be. In fact, you should be hyped like I am **because we know what we need to do and we're doing it.** We will win. + +Victory might just take longer than we first thought. +WARNING: Opinions you may not like follow. + +You can beat the market as an individual value investor. In fact you have some significant advantages over professionals that make it far easier. All it takes is an adherence to true value investing, which means doing research, limiting your biases, estimating intrinsic values, requiring moats or catalysts, and only buying when your margin of safety is so large it makes it obvious. But too often on this forum I see members focusing on the wrong things, and not doing the critically necessary tasks. + +Things that will not help you beat the market + +1) Following the crowd + +Too often investors on this forum buy huge cap stocks like AAPL, INTC, GOOG, MSFT and even BRK because their mass acceptance makes them feel safe. Huge cap stocks aren't safer, they are more efficiently priced because they can be owned by every fund, are covered by dozens of analysts, and researched by professionals who can afford to spend millions on proprietary research interviewing customers, analyzing technologies etc. You have your smallest edge in these markets. + +2) Cloning other great investors + +It doesn't matter if something is owned by Buffett, Burry or Munger, or even all three. You don't know why they bought the stock, and you not only will get in later but you'll only find out when they exit months after the fact. SuperInvestors very success have given them massive handcuffs that force them to buy large cap stocks and miss out on the better values in smaller caps they built their reputations buying. To be a good value investor means thinking independently, and doing your own research. + +3) Running DCFs + +You don't have to run a single DCF to be a great value investor, Buffett never does. It's only important that you have run enough example DCFs at some point to understand how growth rates, terminal values, and interest rates affect valuations. Once you've done that you should know all you need to know about DCFs. Appying them to real businesses is worshipping at the altar of false precision. You'll never really know future growth and terminal rates. All you need to know is whether they are obviously cheap or not. + +4) Looking at pricing trends and technicals + +If you are allowing technical indicators to affect your buying decisions, you just aren't a value investor, you are a speculator. Passing up on one of your best ideas at a big margin of safety because the 200 day meaningless trend tells you it "might" get cheaper is really dumb. Holding on to a position past it's intrinsic value is just gambling. + +What will help you? + +What you need to do is focus on using your advantages to give you your biggest margins of safety and highest returns. Your biggest advantage is you can buy virtually any public stock, regardless of liquidity or market cap. You can buy things that a Wall Street professional wishes they could, but can't. + +I'm going to give you one example of whats possible. This person has invested part time, they clearly do their own research, and do a great job at it. I don't know who they are (and I kindof hate them given they are so clearly better than me), but look at their results and their research and look at what they buy. + +[http://clarkstreetvalue.blogspot.com/2021/12/year-end-2021-portfolio-review.html](http://clarkstreetvalue.blogspot.com/2021/12/year-end-2021-portfolio-review.html) + +Its almost entirely small caps and microcaps. This is the same type of value investing that made Burry and Buffett legends. These markets are closed to Burry and Buffett now but they aren't closed to you. +I looked into this "leaked" information and I don't find it particularly troubling, it is all stuff that we knew already. The shortage is also irrelevant for an investor. FB is a huge money machine, and yet it is trading at a 20 pe. What are your thoughts people? + +Edit: I did not realize how much people hated FB, you guys need to chill +For the average value investor, what rate of return should we be expecting? Buffett was able to ahieve around 20% CAGR with BRK. Peter Lynch was able to achieve nearly 30% CAGR with the Magellan Fund, but the timeframe was limited and it was during a booming market in the 80’s, so let’s let’s call it 20-25% to be fair. + +Value investing should on principal be expected to beat the S&P over the long term. So a realistic long-term return seems to be somewhere between 10% - 20% CAGR. + +I think I would be happy with a 14-16% CAGR over the long term. + +What return is reasonable for you? +**Edit:** I did not expect this much feedback! Thank you so much to everyone for the incredible ideas, information, and resources. There are quite a few jobs mentioned here I think my dad would enjoy! + +I had to remove some details & information since this post got way more popular than expected. In the off chance one of his coworkers/boss uses Reddit I wouldn't want them to see this. + +**Experience:** + +* He's worked at the same place for 25 years. It's a small construction company (2-3 employees). Since the company is so small my dad's a jack of all trades. He does general labour, operates heavy machinery, plumbing, electrical. Overall he's well versed in labour trades and construction. +* Before that he worked as an electrician. This was in the 90s and for another small company. He didn't have official certification but worked as an apprentice. This would have been his real job. +* He has a high school education. No post-secondary or other certification. +* No experience with computers. He's never owned a computer before. He has little experience with technology overall (i.e. he knows how to use his iPhone, Facebook, Netflix, connect to Chromecast) but that's about it. No technical experience. + +**Traits & Ideals:** + +* He's a great person, but not a people person. He's your stereotypical construction guy. Rough around the edges. I couldn't picture him working in customer service. +* He has an strong work ethic. In-fact, I feel like that's why he has so many medical issues now. He would rather crawl to work than take a day off. +* He does not want to (nor can he) continue working manual labour jobs. +* He's happy to take a pay cut if it means a better job. I think he could live off $20/hr. +* He mentioned he wants an office job (or at least a job where he isn't on his feet all day). I'm not sure how practical office jobs are since he has no experience with computers. +* He has a soft spot for seniors & care-taking, for years he's mentioned how he would like to work in that field. This has always surprised me since he's generally not a people person. But he's also very squeamish with bodily functions and has joked about how he wouldn't be able to change their diapers. So that might be out of the question. + +**Job Ideas:** + +First & foremost, I think my dad should take some time off and go on medical or EI. He's a little stubborn about that though and wants to keep working. Here are some job ideas I've come up with: + +* Security guard. Most of the time spent would be at a desk looking at monitors. +* Bank teller/accountant. I have an aunt who was a stay at home mom for 20+ years, and was able to become an accountant/teller after a short course. This would be similar to an office job. +* UPS or other delivery service. I know they're still on their feet quite a bit and do a lot of lifting, but compared to my dad's current job it's a big improvement. I feel like it might be hard to land one of these jobs though. +Hey guys, + +One thing I kept seeing on the discord server is that small caps SIP are bad over long term than investing in a large / mid cap. Any reasoning for this ? + +I thought it would be better since if you're a long term investor you could wait out the downturn in the small cap market and withdraw when it bounces back again. + + +Edit: Found the link that was posted in regards to this on the discord server, want to know if that truly has merit. + [https://freefincal.com/why-a-sip-in-small-cap-mutual-funds-is-a-waste-of-money-and-time/](https://freefincal.com/why-a-sip-in-small-cap-mutual-funds-is-a-waste-of-money-and-time/) + +&#x200B; +Some of the salient points from their communique: + +&#x200B; + +||Existing|New| +|:-|:-|:-| +|Category|Multi Cap Fund- An open-ended equity scheme investing across large cap, mid cap, small cap stocks|Flexi Cap Fund- An open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks| + +&#x200B; + +* This is a change in a fundamental attribute of the fund, so load-free exit is permitted till Jan 12 + +This comes in after the SEBI notification about multi-cap funds ([see earlier thread](https://www.reddit.com/r/IndiaInvestments/comments/irywq1/multi_cap_changes_sebi_puts_out_additional_info/)). For those who haven't been following this, moving to flexi-cap allows the AMC to continue the scheme as they were. + +**Segregated Portfolio:** Provision for a segregated portfolio has been approved in the debt/money market section of the scheme. This portfolio comprises debt and money market instruments which might be affected by a credit event and shall also include the unrated debt or money market instruments affected by actual default. + +>PPFAS AMC will decide on creation of segregated portfolio on the day of credit event/actual default and will seek approval of PPFAS TC. Post that PPFAS AMC will immediately issue a press release disclosing its intention to segregate such debt and money market instrument and its impact on the investors. PPFAS AMC will also disclose that the segregation shall be subject to trustee approval. Additionally, the said press release will be prominently disclosed on the website of the AMC. PPFAS AMC will ensure that till the time the trustee approval is received, which in no case shall exceed 1(one) business day from the day of credit event/actual default, the subscription and redemption in the scheme shall be suspended for processing with respect to creation of units and payment on redemptions. The segregated portfolio shall be effective from the day of credit event/actual default, post approval of PPFAS TC. AMC shall not charge investment and advisory fees on the segregated portfolio. + +[Detailed disclosure](https://amc.ppfas.com/downloads/addendum/2020/change-in-the-fundamental-attributes-of-parag-parikh-long-term-equity-fund-recategorisation-as-a-flexi-cap-change-in-the-name-of-the-scheme-and-inclusion-of-provisions-for-creation-of-segre.pdf?10122020) +My plan is currently to buy a property in that area (northern Miami Beach) as a primary residence, convert it to an investment property in 1-2 years. I was seriously considering putting an offer on an apartment there as I viewed it as fairly solid: beachside property, view of the water, building was old but not 1950s old, in a very upscale town, hurricane impact windows installed, HOA has cash reserves. Eventually, I decided I couldn't afford it since it would need renovation before renting it out and that put it above my budget. + +I'm sort of shook. Not only is it a tragic occurrence (a kids bunk bed hanging out in a half-torn-apart apartment is just giving me goosebumps), but I just never would've expected something like this. How does one even do research to know that this building could be at risk? + +Sources say that there was a construction site next door that was shaking the building constantly last year combined with a pre-Hurricane Andrew building design and some other factors. I'm honestly looking at every other water-side property I'm considering and wondering if any of them could be next. +Chase and WF are thinking there will be a lot of defaults + +https://www.npr.org/sections/coronavirus-live-updates/2020/04/14/833920538/americas-largest-bank-jpmorgan-chase-prepares-for-massive-round-of-defaults +With what the market is going through now and the correction, does anyone else here feel the days of easy bags are gone? + +Maybe we need to get some perspective into the market and understand what our initial intentions were when we started investing and if we are still sticking to that goal or are we now veering off the path. + +Seeing multiple days of thousands in the day really does make your stomach and head go crazy. + +I'm reassessing whether it’s better to only do small amounts in spec stocks to keep risk lower or not now. + +Is anyone else here feeling the same, or are some here still all or nothing? +ok: I know this is highly subjective and personal, but I want to get an idea of what you guys all do with your savings (apart from punt it on fish guts) + +I’m 30 years old and I have the majority of my savings ($30k) in a bank account earning 1% interest (some bullshit bonus accrued monthly as long as I don’t make a withdrawal in that month). + +now, everyone on ausfinance says a big cash buffer is important, but when I told my friend about this he said I was going to get fucked by inflation. unfortunately this friend wouldn’t elaborate too much as he says he’s wary of giving financial advice to friends. + +I worked hard for this money, and I don’t want to be too reckless with it, but I do want to put it to work. I have a stock portfolio of around $10k but I’m wondering if my ratio of investment/liquidity might be way off right now. + +I won’t consider it financial advice but I’d love to hear any thoughts on this situation. cheers guys. +I think the above described rule hurts this forum, as unlike things are grouped in the daily threads, leading to epic length daily threads with all sorts of unrelated content jostled together, and discourages multi-day discussion on a particular topic (say, for example, a nuanced discussion on how to determine equity/bond allocation of an investment portfolio). Compared to r/fatfire, r/leanfire or r/investing, this forum seems flat and undersized and I think the above rule is a primary cause. + +Edit: This this thread disappeared after about 35 minutes and 20 comments this morning, I'm assuming due to complaints and auto-moderation. It just opened up again this afternoon, presumably due to a manual release by one of the moderators. So kudos to you phantom moderator for allowing free discussion. +Friend needs a car badly so I offered to sell her my used car for $2000, which is about what I paid for it, but it is worth about $4000. I was going to sell it as-is, and then this past week it broke down on me requiring about $900 in essential repairs and $1100 in highly recommended repairs to run safely. This sudden turn of events has really screwed the deal because if I sell it to her for the original amount of $2000, then its basically a break even for me. + +The friend is in a tight situation with money, she is living far from home (overseas), working $20/hr jobs to make ends meet and struggling. I am trying to be a good friend, but not let myself be taken advantage of. + + There are a few idea for how to move forward: + +1. Sell it to her for $2000, and I just get the money back I paid on repairs. +2. Explain the situation and propose around $3000, which helps me get back some money, but still a deal for her. All major repairs moving forward are her responsibility. +3. Offer to lease it to her instead, at an amount (<$150) that would just cover major expenses throughout the year that I would cover as the owner. She would just be responsible for gas, insurance, and oil changes. +4. Scrap the deal and just sell it to a stranger for around $4000. Don't they say, "never sell a car to a family member (or friend)."? + +Thoughts? +If you are poor in America and need a job you are essentially instructed to act like you don’t need one in job interviews. Why do you want to work for this company is a bullshit question if you’re on the bottom wrung financially. I want to work because I presume that you pay money. +I am still not sold on the idea of a neo bank and the value they bring when compared to traditional banks we currently deal with. + +I mainly see three of them making a lot of buzz in my friend circle these days: + +1. Jupiter +2. Fi +3. NiyoX + +Does anyone already bank with any of the above neo banking service? How is your experience? Is it worth it? Pros/cons? +Can any fatFIRED people comment on how their social circle changed post FIRE? + +Did you start losing touch with friends who are still grinding or friends who have no plans to stop working? Conversations become harder when your interests and life-plans are so different and you obviously have more time to be relaxed and less need to be ‘switched on’ or networking at gatherings.. + +Did you end up making new friends or social circles of people who have also FIREd and have a lot of free time, quirky hobbies and more of an independent outlook? + +I ask because I’m getting closer to doing it.. and wondering if it’ll be hard to keep a part of my social network since many will be either be busy with a career or spending a lot of time networking etc and probably have a lot less ‘chill time’ to relax and ‘enjoy the moment’ + +37, married, one kid if you’ll give advice. +I’m 16 and don’t have much financial knowledge but would love to learn more, why is the rule of thumb 30% of your gross income if that’s not actually what hits your bank? +Silence in itself is a statement to MSM to allow them to show their hand further. MSM doesn't want their corporate overlords to lose. When MSM went on their bs talking about the NFT platform, RC stayed silent. I feel like MSM tried to bait RC and the company to make a statement about it. However, they are keeping their cards close to their chest and only announcing when they want to. + +If the company fell for their trap they would be picking apart anything they said and MSM would be flooded with even MORE articles about Gamestop not being the powerplay that it is. But that didn't happen. I'm proud of the response: nothing. Reminds me of what happened here with their requests for interviews. I'm still hyped and ready to HODL for as long as they keep it up. Bleed the SHFs dry! HEDGIES R FUKED. + +&#x200B; + +Edit: Wow thanks for all the awards! Much appreciated! Waiting for my next paycheck to buy and DRS some more shares! +Are you in it 4tek? Us too. Hottest, newest, and SAFEST products will be dropped here. Want to stay up to date with everything you need to know in crypto? Look no further! + +First, what is 4TEK? + +4TEK is +=== 4DEVELOPERS === + +​ +4TEK is a FIRST OF ITS KIND advertisement platform for developers. New or existing projects can be featured in the magazine, from platforms, to individual tokens, to NFTs! + + +Developers will pay a fair price for an exclusive spot in the magazine as a featured token/project of the week. Projects with tradeable tokens and NFTs benefit from early exposure before listing and continued exposure after listing. +​ + +Only 10 such featured spots are available in each bi-weekly release, making the concept of being a featured token a powerful marketing tool. + +​ + +Developers with presale / public-sale whitelists for their projects can benefit from being a featured project with 4TEK generating a whitelist filter of magazine buyers. By offering a whitelist lottery to magazine buyers, developers can bring the symbiotic marketing cycle full-circle. + +​ +As crypto traders who hate rugs and scams, we vet featured tokens to the best of our ability to inspire a rug-free marketing environment as far as humanly possible. + +​Every new launch and even old coins who wants to release big news will want to be featured on our platform. It wont be for free ofcourse 🤑 and 4tek holders will be the first ones to benefit from this. + +4TEK is +=== 4TRADERS === + +4TEK is a news platform for traders. 4TEK alone will KILL RUGS AND SCAM projects by promoting only the safest tokens out there. + +Traders who purchase the magazine get to hear and learn about existing and upcoming projects, whether through sponsored or community-voted tokens that are featured in the magazine. + +​ +--NO MORE MISSING OUT ON X1000 PLAYS-- +Magazine readers would know through 'gossip' the new coin launches of devs from big tokens, imagine finding the next safemoon dev's token. 🙊 +In addition, a weekly and monthly launch timeline offers traders a more sane way to keep up with upcoming listings! +​ + +As a knowledge-bearing digital publication, news, opinion, and insight editorials are a cornerstone of a 4TEK magazine. + +​ +--ENTERTAINMENT AND SECURITY-- +Traders are social creatures and enjoy the tales of rugs, scams, and general gossip. Articles featuring such stories and a weekly recap of scams offer 4TEK readers a more thorough insight at not just good tokens but also bad ones. + +​ + +Finally, magazine buyers get the advantage of obtaining potential whitelist lottery spots for featured tokens! + +​4TEK is +=== 4MARKETERS === +​ + +4TEK is an awareness platform for marketers and promoters. + +​ + +Marketers always benefit from buying a copy of the latest 4TEK magazine issue because it can be a de-facto one-stop shop at finding the latest and greatest tokens and upcoming releases to offer their services to. +---------------------------------- + +4TEK is ULTIMATELY + +=== 4HOLDERS === +All of these usecases mentioned above will revolve around our official 4Tek coin and every sale of the magazine and marketing spotlight will benefit every 4Tek holders through burns and/or buybacks. + + + +Socials: + +Telegram: +https://t.me/init4tek + +Website: +https://4tek.io/ +(This was made as a meme and will be revamped to accomodate our product.) + +Contract: + +0xe4408ac0ea3fbe0780268ebe97c36a7d09b6a571 + + +With how big this project is, you might think that you're late. You're so so so wrong. + +The product has just been released today. No marketing was done on this coin to preserve the fact that we are the FIRST marketing platform of this kind. +This is the first marketing. +4TEK is currently just at 150k marketcap. + +1.5Billion Marketcap will be the next target once this gets traction. + + +💎 Marketing is the bread and butter of the crypto world, and we will be the one supplying it to everyone. 💎 + +We are in it 4 the tek. + 4TEK +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! + +It seems like every day there is some sort of positive article about this company, then followed by a downgrade. What gives? Why is this company so hated when others like Palantir are loved? There’s so much to be excited about like Amazon, Baidu partnership, but this stock sells off as soon as it gets some steam behind it. + +Holding 3,800+ shares at an $18.65 cost average. You can see why I’m pretty depressed and upset about it.. +Planning on purchasing a duplex as my first real estate property. My goal is to generate cash flow and build equity. + +&#x200B; + +I am looking at duplexes around $250K, and hoping to collect $1,250 in monthly rent, per unit. I have enough saved up for 20% down payment. + +&#x200B; + +I'm debating between the two different options, since I do not mind the apartment I'm currently living in : + +* **Option 1**: Renting out 1 unit and moves in to the other unit. +* **Option 2**: Renting out both units and stays in my current apartment ($850 per month) + +&#x200B; + +I'm not sure on which one is the best option in the long run. For option 1, would pay a lower down payment of 20% and a cheaper interest rate. Where in option 2, I would have to pay 25% in down payment and slight higher interest rate. Since the duplex would be considered an investment property not primary residency if both units are rented out. + +&#x200B; + +However, the second option would allows me to collect $2,500 in rent each month, from the two units. I would only have to pay $950 for the apartment, which would gives me $1,650 of positive cash flow. Where if I move in to the duplex, I could only collect $400 ($1,250-$850) per month. + +&#x200B; + +Since I am flexible on where to live, should I go with Option 2 to maximize my profit? This there anything I didn't account for? Any tips and/or advises would be appreciated! +Edit: Guys, this is about to pump and dump, HARD. You are all the perfect targets too. All apes know is buy and hold? Guess who's going to be left holding the bag? idk how else to say it- I'm trying to warn you all- + + YOUR 💎👐 MAKE YOU THE PERFECT TARGET FOR A PUMP AND DUMP + +I also want to make it clear that even if someone is trying to P&D this on apes, that does not mean SLGG is doing that. All of the merger/acquisition rumors could be true, and there could still be a third party that already has a long position influencing the stock price + +Original Post: + +Take all of the arguments for not allowing movie theater stocks here, and think about what your doing. + +Is it fine to throw some change at SLGG? + +Sure, I did it myself with a couple calls weeks ago. + +But the amount this price is moving is concerning. + +DO NOT GET DISTRACTED FROM THE ONE AND ONLY + +BUY GME. HOLD GME. VOTE GME. + +🚀🚀🚀🌕🌕🌕🌕🚀🚀🚀🌕🌕🌕 +He said if the property doesn’t sell for more than what he is willing to pay for, he will get a dual citizenship and live in the country. We are currently Australian permanent residents. My parents came here to give us a better future and the fact that he said was going to come back to the country didn’t sit right with them, so he got kicked out of our home. + +This is the Mandani Bay development in Cebu City, Philippines that he bought a 30sqm studio unit in: https://www.mandanibay.com + +They seem legitimate so I don’t think it’s a scam. However, I still have my doubts as there will be more than 10 residential buildings in the near future; this means demand won’t be as high as he thinks. + +I don’t think there is any other way to convince him that this is a bad idea. He said he’s willing to take the risks. + +🤷‍♂️ +As the USA has elected a government much closer to Clean Energy use and support, I don't really understand why is sinking this particular ETF. + +I have been reading through a couple of news, but I don't find any sense to this movement. + + +What do you think? +Im new to investing but I get zero profit from my bank account. I have some money in the S&P500 ETF and I want to invest more into the ETF. Do I need to diversify more or can I just keep on buying more S&P500 ETF's? +I traded in my 2014 Hyundai Sonata with 112.8K on it for $8,100 to my local Toyota dealership and got a 2022 Toyota Prius XLE that I had been looking at for a while because of my dissatisfaction with the Sonata, the fuel efficiency, and just wanting something new. The sticker was $30.5k and I ended up going underwater by $2,100 on the Sonata I believe because of the extended contract I had purchased when I had refinanced it last year. All said and done, I ended up with a bill of about $37.6k including GAP and a contract on this at a 4.6% 84 month loan. This is costing me $553 a month and I believe I can make that comfortably. I know it’s a little too late now; but did I get taken? I know I can pay down some of the loan by cancelling the contract from the old car and seeing what they give me to apply to the new loan and I can start there…..but my anxiety really needs some validation. I appreciate the time. + +EDIT: I had my Sonata for 2 1/2 years. I purchased it summer of 2019 for 12.5k. EDIT: The 12.5k was the sticker price on it; I believe I ended up being OTD on $14.5k + +EDIT 2: I wanted to acknowledge something cause I saw this in a few comments: My lack of financial literacy (either in general or just in this situation) is not a symptom of my parents. They were very responsible with their money and share a lot of the risk-aversion that many in this sub have. They even went through the Financial Peace University. But they gave me a lot of the tools that I have needed to be successful in life. + +If anything is to blame; I would chalk it on my desire to have nicer things than I did growing up because I’m an adult now. Consequentially, that can result in many a bad or poorly thought out decision. And that’s completely fair; and this might be one of them! But I’m comfortable about my ability make the note every month even if that means sacrificing something going into savings or shaving a little more off that $5000 Discover balance. I put away $200 a month into a vacation fund and am able to make my $700 rent and other utilities and have a decent credit score to show for it. + +Now I might not be in the capacity for the “wealth building” that is necessary to be completely debt-free and stockpile that into more savings or further my emergency fund. But I’m not struggling… + +I thank everybody for their opinions though, it really means a lot that a bunch of strangers who have quite a lot more life/financial experience than I do at 23 have taken the time to give me the best advice they can though and try and steer me down the best path. + +But I just wanted to say that I take full ownership for any financial irresponsibility or illiteracy. That has had nothing to do with how my parents raised and taught me. +Let me know if it'd be any better to post this on a different sub. + +&#x200B; + +I work at Panera; at the end of the day, we collect and package almost all of our bread and pastries for local charities. I say almost since we still end up tossing ALL of our unused, sliced bread every single night. If nobody shows up for the donated goods, that also ends up in the trash. + + +I'm not sure if this is the case for other locations, but I figure that anyone that's low on cash for food might find this information helpful. I feel absolutely awful letting so much food go to waste all the time. +I know that Crypto is volatile, but I don't understand why. Why isn't as stable as stocks? When a large amount of BTC is released into the market from a whale, why does the price crash? I just don't understand why Crypto is so volatile; Anyone mind explaining? +Hi everyone, please can someone ELI5 why the pound is plummeting compared to the dollar. My weakness in economics has always been exchange rates so would appreciate someone going through why this is happening and what it means. + +For personal context, I live in the U.K, am paid in £, but work for a US company. +Like many of you, I try to read as much DD as possible, though I have to admit I don’t understand a lot of it. One good recent example is this post from u/thabat : + +[https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling\_in\_the\_deep\_dive\_hiding\_money\_in\_the/](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +It builds on other DD u/Criand has done to explain how SHF are able to hide money and shorts in the Caymans. If you haven’t read it yet, you really should. Now, as I said, I didn’t understand all of it, but there was one part that really stuck out to me, which was the discussion of the 1940 Investment Company Act: + +[https://www.govinfo.gov/content/pkg/COMPS-1879/pdf/COMPS-1879.pdf](https://www.govinfo.gov/content/pkg/COMPS-1879/pdf/COMPS-1879.pdf) + +“This Act regulates the organization of companies, including mutual funds, that engage primarily in investing, reinvesting, and trading in securities, and whose own securities are offered to the investing public. **The regulation is designed to minimize conflicts of interest** that arise in these complex operations. **The Act requires these companies to disclose their financial condition and investment policies to investors when stock is initially sold and, subsequently, on a regular basis.** The focus of this Act is on disclosure to the investing public of information about the fund and its investment objectives, as well as on investment company structure and operations. It is important to remember that the Act **does not permit the SEC to directly supervise the investment decisions or activities of these companies or judge the merits of their investments.**” + +Sounds good right? Except that apparently “Citadel files exemption from these rules every year since 2009 and is instantly granted.” + +[https://www.sec.gov/cgi-bin/browse-edgar?filenum=813-00397&action=getcompany](https://www.sec.gov/cgi-bin/browse-edgar?filenum=813-00397&action=getcompany) + +So this seems pretty obviously bad to me. I don’t understand why a monolithic investment firm should be allowed to be exempt from a bunch of laws that seem to directly pertain to them and their activities ‘just because they want to be.’ It has made me very angry (along with all the other BS this year, of course), and so I’m taking action, and I hope you’ll all join me. + +I’ve created a petition at Change.org with the goal of imploring the SEC to disallow Citadel from being exempted from the 1940 Investment Company Act. Now, I know what you might be thinking – you see these Change.org petitions pop up all the time, with people wanting you to support this and that cause, and you’re doubtful if they can actually have any impact; but if we can harness the power of the worldwide Ape movement and get MILLIONS of signatures, and then blast it at every relevant government official and agency, well, you never know. Something could happen. + +So here’s the petition: + +([https://chng.it/wK2qdMCCNF](https://chng.it/wK2qdMCCNF)) + +I will be cross-posting this to all relevant subreddits, and I ask that you share it with as many people as you can. Let’s see what we can do. + +**EDIT 1:** + +u/[LegateLaurie](https://www.reddit.com/user/LegateLaurie) has brought up an interesting point: + +"The 40 Act is designed for mutual funds where the general public buy shares. Companies regulated by the 40 Act are forced to have greater disclosure and certain kinds of compensation for managers (it's hard/impossible for ETF or mutual fund managers to have performance based pay (unless it's fulcrum fees)). + +>whose own securities are offered to the investing public + +Note, Citadel does not, and cannot sell securities to the "investing public" due to their exemption from the 40 Act. + +Hedge funds aren't meant to be regulated by the 40 Act, as only qualified investors are allowed to invest in them. This means the funds can take on more risk and don't need to disclose as much. Managers also take far higher fees. + +The reason that these firms have an exemption is to be able to take on far greater risk than the SEC believes is appropriate for the general public. This regulation came about in the aftermath of the Wall Street Crash where many members of the public were defrauded and where fund managers profited hugely with performance based fees meanwhile people lost out huge amounts of money. + +It is not like opting out of other regulations, because to opt out of the 40 Act means that the fund can only sell securities to "Qualified Investors" (a net worth of over a million or income over $200k)." + +So, okay. That might all be the legal reasoning behind the exemption; however, it still points to an unfair and imbalanced system where 'qualified investors' (i.e. the rich) can 'take on more risk' (i.e. do whatever they want) and have way less oversight on them. So it's still all bullshit. + +So if the Act doesn't apply to Citadel and other HFs, we need NEW STRONGER OVERSIGHT LAWS that do. + +**EDIT 2:** + +u/thabat has replied in the comments that the above is actually FUD: + +[https://www.reddit.com/r/Superstonk/comments/pefy3t/petition\_to\_disallow\_citadel\_being\_exempt\_from/haxw4k0/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pefy3t/petition_to_disallow_citadel_being_exempt_from/haxw4k0/?utm_source=share&utm_medium=web2x&context=3) + +**Edit 3:** + +More on the above discussion: + +[https://old.reddit.com/r/Superstonk/comments/pefy3t/petition\_to\_disallow\_citadel\_being\_exempt\_from/hayhg2q/](https://old.reddit.com/r/Superstonk/comments/pefy3t/petition_to_disallow_citadel_being_exempt_from/hayhg2q/) +I started thinking about buying an apartment in Warsaw. I have been living here for 7 years, currently I am renting a flat for 700 euros a month. My monthly earnings are around 4k euro net - b2b contract - Java developer. I have 45k in bonds and approximately 14k invested in the FTSE ALL WORLD ETF. + +The idea is to take a mortgage for an apartment - the price of the apartment is around 110k euro, 40k down payment. From what I can see from the calculations, the loan installment is 400 euros per month. + +The question is is this a good time to buy? I can see how fast real estate prices are rising in Warsaw and I am afraid that by delaying the decision to buy, I will only lose. I personally don't feel the need to own my own property, but isn't it wise to own it? Friends who bought an apartment in the same area 4 years ago paid 1.3k euro per square meter. Currently its 2k euro. What if in 5 years I will decide to buy a flat and the prices will be 50% higher and my savings will be burned out by inflation in the meantime. How can I hedge against rising real estate prices? +I was checking my credit reports and I found a Wells Fargo credit card opened in my name. I have never dealt with Wells Fargo. + +The account was open from 12/2013 to 4/2014. It had a $5000 limit, and the "high credit" listed on my credit report was for almost all of it. It was paid on time, and then closed. + +I have a lot of questions. Since it's for a closed account with payments made on time, should I report it to the credit bureaus or just leave it alone? Does this mean my information has been stolen? Should I file a complaint with someone, since this is probably a fake account created by Wells Fargo? +If someone is completely alone then I get it, but that usually isn’t the case. + +I live in California, expensive, I know. + +All of my family and friends are within 100 or so miles from me. + +Even if an opportunity came up out of State, I couldn’t make sense of moving there and being completely alone. I’d meet new people sure, but not the same as lifelong friends/family. + +I’d rather struggle financially and try and improve where I’m at with everyone I know, than have a great job but be away from everyone. + +Money definitely isn’t everything + +End rant! +*So many awesome, wonderful humans from the community made this possible.* + +*The MVP of this is ⭐️* u/TiberiusWoodwind *⭐️ for putting together most of these pieces and diving deep into the "It's Not A Cycle" Cycle. You're a legend and a rockstar.* + +Special *Contributions by* u/WhatCanIMakeToday, u/loggic, u/Livid_Peach4593. You all are brilliant wrinkle brains. + +Special thanks to u/wakeuparleen, u/PastorStonks, u/jaykles, u/No1Important_4real, u/CruxHub, u/GMEJesus and everyone in the DD chats. + +E*ach of you was so patient and helpful, we are grateful to have you here in this community. Maxing out the 40k limit on this one, LFG.* + +# + +# 0. SUMMARY + +On February 24th, a system-wide crash at the Fed disabled the movement and reporting of electronic cash flow for approximately 3.5 hours. During this time, financial institutions were unable to move money around and make payments using the National Settlement Service which clears settlements for the DTC. Suddenly, when the system came back online, "meme stocks" began going bonkers with massive volume spikes followed by swells of gains into after hours. We believe that due to systemwide delays to intraday settlement reporting, when the system came back online, it attempted to start settling naked shorts. + +Even Ryan Cohen himself attempted to point out the problem with his legendary McDonald's Ice Cream cone tweet. Ken Griffin was quick to publicly blame RC's tweet for the sudden surge and provided a convenient red herring to distract from possible evidence of naked shorts, that if revealed to be true, would open up many more questions into his positions and the continued naked short selling of GameStop. + +We've come to two distinct conclusions about what happened on February 24th: + +* **This was in fact an unexpected computer crash due to an "operational error". Maybe the reason Feb 24 was so** ***batshit crazy*** **at the end of the day was due to the computer coming back online, seeing naked short positions and starting going haywire on DTC Participants. This should provide enough evidence to warrant an audit of short sellers and market makers during the events of February 24th.** +* **The computer suddenly recognized there was an irrational amount of DOOMPS that needed to be settled than physically possible on that date, and shut down due to computational error. Now short hedge funds are stuck kicking the can every 90 days. If this is the case, the DTC/Fed should be held responsible for market manipulation charges.** + +# + +# 1. THE ICE CREAM MACHINE + +To begin to understand the situation that happened that day, it's important to understand the FED system that broke. These systems are so vital to our economy that without them we are unable to process things like direct deposits of payroll, Social Security, and income tax refunds as well as auto payments for mortgages and utility bills. For Financial Institutions, this system handles trillions of dollars a day in electronic money transfers, credit, and debt payments. + +One of the big ones that went down was **FedWire**: which is a real-time gross settlement funds transfer system. This system moves trillions of dollars a day electronically for most financial institutions. + +The most important service to note for this story is the Fed's **National Settlement Service (NSS)**. The NSS provides (but is not limited to) the following functions: + +* *Allows for settlement of interbank obligations in central bank money.* +* *Reduces the duration of settlement risk for participants in private-sector clearing arrangements by providing same-day finality.* + +The operative words here are that it's **used to settle intrabank obligations** and offers **same-day settlement finality.** One of the biggest power users of the NSS is a name you might remember quite well, the DTCC. + +According to the DTCC website, this is how they describe the NSS for their organization and respective participants: + +>Throughout the settlement processing day, as transactions are processed against a participant’s account, settlement debits and credits are updated in the settlement system on a real-time basis. + +Although the actual settlement process requires final settlement figures at approximately 3:45 p.m. eastern time each day, the DTC operates a settlement system that provides Participants and Settling Banks with online reports throughout the processing day. These reports reflect intraday gross debits, gross credits, and the net debit or credit for each Participant, as well as a net-net figure for each Settling Bank. This is also how participants are evaluated on whether or not they should receive insane levels of leverage from the DTC. These intraday reports and settlements give the DTC insight into how much risk their participants are eating up. + +>Each participant must choose a settling bank that is also a DTC participant with access to the Fedwire system and NSS to act on its behalf when settling with DTC.Settling banks, acting on behalf of participants, acknowledge or refuse to settle participant balances. Upon acknowledgement from all settling banks, DTC collects and disburses settling bank balances through the Federal Reserve’s NSS, which directly posts debits and credits to settling bank accounts. + +According to the DTC, a Settling Bank may refuse to settle on behalf of another Participant for which it is the designated Settling Bank. It is the primary obligation of each Participant to ensure that its net settlement balance, if any, is settled timely. + +**If a Settling Bank** **does not settle on behalf of a Participant, or a Participant that acts as its own Settling Bank does not fund its settlement obligation, it will be in default under the DTC Rules and Procedures.** + +# + +# 2. THE DAY OF FEBRUARY 24th, 2021 + +&#x200B; + +**9:30 AM (ET) — Market open** + +That morning, GME opened at $44.70, showing few signs of life in terms of volume or price action. Our favorite stock had been trading sideways for most of the month and if you were around in those days, there was a lot of chaos on Reddit at the time. + +There was no real news to note that day. Jim Bell had announced his exit a few days prior and we'd just come off a week of our first Congressional Hearings. Things were trading sideways. + +&#x200B; + +**11:15 AM (ET) — The Ice Cream Machine Breaks** + +The Fed computer system crashes in the early morning. The “operational error” impacted multiple services and systems that were mentioned previously. The system connects depository and related institutions sending electronic credit and debit transfers. Almost all forms of electronic money movement were disabled for hours that day. + +Within minutes, the [word is out on the street](https://twitter.com/vtg2/status/1364653310536482816?s=20), and most companies and institutions are painfully aware that a problem exists, but all you can do is wait. + +&#x200B; + +**1:57 PM (ET) — RC Tweets 🐸🍦** + +During the standstill, Ryan Cohen *breaks 38 days of Twitter silence* to share this masterpiece that stole our hearts. 👇 + +[What does it mean? Let's find out.](https://preview.redd.it/q57mef41cj381.jpg?width=597&format=pjpg&auto=webp&s=ea08364bc31086fa7fe77990518c5d86fed18865) + +While the tweet opens itself up to interpretation, it's usually best to take an Occam's Razor approach when looking for answers. The simplest answer is usually the right one. + +Let's start with the ice cream cone. Did you know that [Ryan Cohen took the Chewy board out for McDonald's soft serve](https://www.volitioncapital.com/news/portfolio/chewy/) after their first board meeting? While we could only imagine being a fly on the wall in those days, it is safe to assume that McDonald's Ice Cream holds some sort of symbolic meaning to Ryan. And for anyone that frequents McDonald's Soft Serve, IYKYK. That shit is ALWAYS broken. + +If you reverse image search the ice cream cone pic he chose, [you get this result](https://www.businessinsider.com/mcdonalds-near-you-with-working-ice-cream-machine-mcbroken-website-2020-10). + +>'McBroken' aims to fix a common problem for McDonald's customers: arriving to find the ice-cream machine is broken. + +While there is probably some symbolic meaning behind the McD's Soft Serve, Ryan Cohen would never expect the general public to know what that is exactly. It would be safe to assume, Ryan is implying that something is broken. At the time, many Redditors even said "Oh, maybe the dip machine is broken". + +What NOBODY has any decent theory on is what the frog emoji means, it sure is provocative. Well, let's see what Google has to say about that. + +[\\"I am so happy this happened!\\"](https://preview.redd.it/1yyvts66cj381.jpg?width=622&format=pjpg&auto=webp&s=33986b3e785a14712d7b9f9669240f60f21eded0) + +Quite clearly, the first reference for the frog emoji's symbolic meaning is "I am so happy that happened". If you look around you might find some different connotations that imply a mischievous manner, sarcasm, or the Kermit sipping tea meme ("But that's none of my business"). + +If you look back on RC's tweets at the time ([Jan 6](https://twitter.com/ryancohen/status/1346943412663177218?s=20), [Jan 17](https://twitter.com/ryancohen/status/1350877969816956934?s=20), [Mar 4](https://twitter.com/ryancohen/status/1367555194196787206?s=20)) he was quite clearly speaking in a code that featured a single emoji and a picture. + +When you combine the emoji with the picture, it is quite clear that RC is saying: + +**"The machine is broken and I am so happy to hear about this."** + +After almost 2 hours since the outage began with no word from the Fed, for any savvy investor, it is quite clear that this wasn't just a glitch or a hiccup. Something was wrong. After the January fuckery, Ryan was probably well aware that the price was being suppressed and an inability to move money would affect that. He may have been calling his shot or was laughing at the broken system that attempts to suppress and bankrupt GME. + +&#x200B; + +**2:30-3:00 PM (ET) —  The Ice Cream Machine is "Fixed"** + +Reports are mixed as to when exactly when the Fed system came back online. Some say[2:30 PM](https://www.bleepingcomputer.com/news/government/federal-reserve-nationwide-outage-impacts-us-banking-system/), [others say 2:45](https://www.cnbc.com/2021/02/24/the-feds-system-that-allows-banks-to-send-money-back-and-forth-is-down.html), while others claim outages and warnings were still apparent after [3 PM.](https://www.reuters.com/technology/fedwire-resumes-operations-after-hourslong-disruption-2021-02-24/) + +From the sound of it, problems and outages were gradually resolved and it's impossible to tell what services were accessible and when. That said, it gives us a time frame. Let's look at what happened to GME at 2:30 PM (ET): + +&#x200B; + +[GME with Volume bars from Feb 19 to March 3](https://preview.redd.it/w10q0s2qcj381.jpg?width=898&format=pjpg&auto=webp&s=a275e532c4b52c318dfe84da81daf49882d8aea0) + +WOAH! For a company with no news and little to no daily volume, things got spicy right at 2:30 PM. See those massive green bars? Right at the time the Fed system is first reported to be back online, the trade volume begins going bananas! + +Look at the relative daily volume for that week. + +[https:\/\/finance.yahoo.com\/quote\/GME\/history?period1=1613865600&period2=1614384000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true](https://preview.redd.it/4fqhqvz3dj381.jpg?width=909&format=pjpg&auto=webp&s=f7c0d0b847cf5e32d475667646abb3c54624e061) + +**That's an 11x daily volume increase!** + +So now can see quite clearly that the massive surge in GME tracks with the exact time frame that the Fed system came back online. So the question is, ***why would the Fed outage cause such a huge surge in the volume and price of GME?*** + +If you remember back to *Section 1*, the restoration of the Fed system means that National Settlement Service (NSS) is was back online. As a reminder, the NSS is part of the Fed's Automatic Clearing House system that generates intraday reports on participants and settles funds for the DTC. + +If you remember, there was no access to systems like FedCash or Check21 during the outage. It is extremely likely that institutions would have been left vulnerable during this time, unable to move money around and cover up risky assets or outstanding FTDs. + +In theory, when the NSS came back online, short hedge funds would have been unable to make their usual settlement deposits to maintain risky assets and keep their leverage at unprecedented rates. The NSS thusly started to settle positions intraday in order to meet the credit/debt ratio needed for settlement at 3:45 PM (ET) end-of-day. + +In order to support this theory, it would be smart to look elsewhere in the market that day. If the NSS started to liquidate risky short positions, we should see the same movement across the other "meme stocks". + +# Let's look at 🍿 + +[3:30pm for The Sticky Floor Stock](https://preview.redd.it/0kxun01ddj381.jpg?width=907&format=pjpg&auto=webp&s=acfda8b7aa5c7a5551f52b0078971be71f94bf35) + +# What about 👖 + +[3:00pm for Jeans Stock](https://preview.redd.it/sdzt1yrhdj381.jpg?width=861&format=pjpg&auto=webp&s=3ae5b79291e727db6a6aa58d6046af50312b89b9) + +# I need some 🧃 + +[3:30pm for the Nudity Stock](https://preview.redd.it/o5f7n5vldj381.jpg?width=888&format=pjpg&auto=webp&s=00d2d7fed1750cc64bf4e2cfc3c795b55d17dc92) + +# Volume on blast for 🎧 + +[3:00pm for the Not-Bose Stock](https://preview.redd.it/dzu46wbpdj381.jpg?width=881&format=pjpg&auto=webp&s=61981d4ae9391e2f48979ff9ef21e8a6f02b6c9d) + +What are the *fucking* chances? Each of these heavily shorted "meme stocks" saw MASSIVE volume increase at the same exact time, out of seemingly nowhere. To further support the theory, each instance of the surge happened during the exact times when the NSS supposedly came back online. + +While we aren't privy to the logic or reasoning why the NSS would begin to force liquidations in these stocks, this correlation between heavily shorted "meme stocks" and GME makes a compelling case that the NSS was eliminating (possibly naked) short positions. + +We can further confirm that the movement is related to naked shorting when we look into how XRT responded in the following days. + +# + +# 3. The ETF Release Valve + +*Credit to* [u/Livid\_Peach4593](https://www.reddit.com/u/Livid_Peach4593/) + +Let's talk about **SPDR S&P Retail ETF (XRT)**, [one of the most heavily shorted ETFs on the market](https://m.etfchannel.com/type/most-shorted-etfs/). XRT is the S&P Retail ETF which included $GME as one of its securities from January to March this year. In fact, as of February 24th, [GME was the highest weighted security in the fund (2.77%)](https://web.archive.org/web/20210220044715/http://www.etfchannel.com/symbol/xrt/). + +In order to explain how GME and XRT relate, let's look at the "Gamestop Report" as written by Gary Gensler's team at the SEC: + +>*"As GME increased in value, price changes in XRT became increasingly driven by those of GME. Shorting XRT could have served as an indirect, though the imperfect, way of shorting GME. In fact, staff observed a large spike in net redemptions of nearly 6 million shares in XRT on January 27, which may be consistent with short selling activity".* + +HOW IT WORKS: Let's say a hedgie wanted to secretly short X, Y, and Z. That hedgie would short the whole ETF and buy long on every other share in the ETF except for X, Y, and Z. That way their short exposure is only X, Y, and Z but their short positions are listed under the ETF. A Hedgie would need to use this method if stocks X/Y/Z are illiquid or are known to be. + +To support the conclusion drawn by the SEC, let's break out the crayons. Let's look at the following chart of XRT ETF Activity versus the GME closing price that day. + +[XRT ETF Activity vs. GME Close Price \(1\/27-2\/12\)](https://preview.redd.it/emdfz6budj381.jpg?width=960&format=pjpg&auto=webp&s=1adff06ee08d4b5e8aa650b1fe33f4612b4a0801) + +You can see quite clearly that XRT activity (daily volume) died off with the decline in GameStop's stock price. Once GME hit the $50 mark, XRT's activity quickly tapered off as low as a sub-600k volume. + +Let's fast-forward to the day in question. Here's a look at XRT around the date of February 24th. + +[XRT ETF Activity vs. GME Close Price \(2\/22-3\/10\)](https://preview.redd.it/771jvqc0ej381.jpg?width=1055&format=pjpg&auto=webp&s=a05909718bd97a8ad88c4879e30384e61e4b51e6) + +Since GME rallied late in the day on February 24th, there was very little time to suppress the price using XRT shorts. They ultimately waited until the next trading day where XRT volume skyrocketed. + +At a glance, the chart might not seem to indicate that GME's price was affected, but let's take a close look at how the stock did that day: + +&#x200B; + +|Stock|Date|Open|*High*|*Low*|Close| +|:-|:-|:-|:-|:-|:-| +|GME|Feb 25th|$169.56|**$184.68**|**$101.00**|$108.73| + +Holy shit! Yes, you read that right. The stock price dropped a whopping **83 points that day.** That's a massive, nearly 50% drop! + +Some of the *pygmy marmosets* in the back might be asking themselves: *'Okay, but wut all mean?'* + +Let's summarize : + +1. The SEC has confirmed that short sellers used XRT to indirectly short GME in January. +2. The SEC has also confirmed that there is a causal relationship between XRT volume and GME close price. +3. XRT, heavily shorted in its own right, indicated large volume spikes after 2:30 PM (ET) on February 24th alongside GME and other meme stocks. +4. An increase in XRT Activity on the following day (February 25th) indicates that short sellers retaliated by using ETF's like XRT to deaden any chance of FOMO buy-in, and forced a massive drop from $184.68 to $101.00 + +These conclusions beg the question — If GME short sellers did in fact cover in January \[lmayo\], why would they need to peel back the price again in February? + +**HOT TAKE: They needed GME price action to look like a dead cat bounce. You can find** [**articles like this one**](https://www.yahoo.com/now/why-gamestop-stock-traders-beware-233109714.html) **(Published 2/26/2021) that propagate that narrative. Unfortunately for them, the illiquidity was much more prevalent and paper hands had already jumped ship. They could have worked to bring down the price in AH or pre-market but the buying pressure was seemingly out of their control and/or inevitable.** + +BONUS: When XRT rebalanced in late March, they dropped GME from its fund. For any GME short seller, this rendered XRT useless. [You'll never guess who decided to pack their bags...](https://stockzoa.com/ticker/xrt/) + +[WHERE ARE YOU GOING, KEN?](https://preview.redd.it/n8li8gwgej381.jpg?width=1103&format=pjpg&auto=webp&s=efa9c3b81d64f579eebf47fac4c029d78ff7badc) + +# + +# 4. The Cover-Up + +**They made two distinct plays to try and cover their asses on this.** + +1. (As mentioned previously,) There were quite a few articles published that quickly framed the narrative around the February 24th spike being chalked up to a [dead cat bounce](https://www.investopedia.com/terms/d/deadcatbounce.asp). You can see articles like [this](https://www.yahoo.com/now/why-gamestop-stock-traders-beware-233109714.html), [this](https://www.valuewalk.com/gamestop-dead-cat-bounce/), and [this](https://currency.com/gamestop-stock-analysis-buy-or-sell). The "technical analysis" gives validation to the sudden/random rise in price without much thought. It's 'just a silly meme stock after all'. **EDIT CREDIT:** u/CookShack67 **found Anthony Chukumba saying this EXACT sentiment. Go figure.** +2. The most popular scapegoat for the incident was the Ryan Cohen tweet. Most of the articles that day, l[ike this one](https://roguerocket.com/2021/02/25/gamestock-2/), made him out to be some sort of *meme messiah* that discovered the power to move markets. About a month later, in classic Ken Griffin fashion, to cocksucker made sure to drive the narrative again in [his interview with the Financial Times.](https://www.ft.com/content/6c613f92-cf35-4b2e-b2b0-2ac0a6afb1fb) + +Neither explanation for that day is backed by any information other than emotional fodder for those who think "*Meme Stocks R 4 Dum Dums"*. + +And to be honest, the communities on Reddit ate up those explanations without even a second thought. At a glance, the tweet technically preceded the sudden rise on Feb 24th, but there were about 30 minutes to an hour of time before we rocketed. Ryan Cohen isn't Elon Musk as much as the media likes to say he is. He just likes the stock. + +**If that's the best explanation anyone has, we think it's time to start re-opening that data and see what** ***actually*** **happened on February 24th.** + +# "This is Not a Cycle" + +Every quarter is 90 days. When we look at GME's put option activity, we can see massive collections of **Deep Out Of The Money Puts** (DOOTMPs) that expire on the first monthly expiry date of each quarter. *This date is always on the 3rd Friday of the 1st month of every quarter.* + +Unfortunately, that doesn't mean that they have to settle those trades on those dates. Instead, they are given **C+35 and T+2 days** after the first monthly expiry date of the quarter to settle those massive bombs of Deep Out Of The Money Puts. + +Let's look ahead and see this in action: + +1. [Massive Put Volume on April 16 (C+35 and T+2 to May 25)](https://www.reddit.com/r/GME/comments/mfw3u4/huge_number_of_puts_expiring_april_16_382k_open/) +2. [Citadel, ](https://www.reddit.com/r/Superstonk/comments/o776lz/i_know_exactly_who_is_holding_the_05_puts/)[Susquehanna, Melvin puts expiring July 16. (C+35 and T+2 to Aug 24)](https://www.reddit.com/r/Superstonk/comments/o776lz/i_know_exactly_who_is_holding_the_05_puts/) +3. [Brazilian puts expiring on Oct 15. (C+35 to Nov 19)](https://www.reddit.com/r/Superstonk/comments/q21j7w/brazilian_puts_expiring_october_15th_strike_150/) + +When we look at example #3 (above), we can tell that it started early. That or the peak would've lasted over the Thanksgiving holiday. If they had waited for T+2, it would've given them only half a day on Black Friday to short it back down before weekly close. + +I know you haven't seen pretty crayons in a while, so let's see how the "This Is Not A Cycle" Cycle looks on a chart. + +&#x200B; + +[Yellow boxes = put expirations \/\/ Pink boxes = GME spikes.](https://preview.redd.it/ph2mutlqej381.jpg?width=1381&format=pjpg&auto=webp&s=14370256f722011705b71a2073f475650c32626c) + +In the chart above, you'll see yellow boxes that denote the first monthly expiry date of each quarter (the *3rd Friday of the 1st month of every quarter)*. In the right light, they really do seem to look like 90 day cycles. + +**What is actually happening is C35 + T2 occurring in the same position in each quarter.** + +🚨 Okay, now listen up you degenerate chimpanzees. 🚨 + +This doesn't mean go YOLO on options for March 1st because there's been a pattern. Just like with this most recent C35, covering could start early or they could try some method of kicking the can entirely. Playing options is inherently more risky than buy/hodl/drs and is likely best left to apes with ample experience with them and an abundance of cash. More knowledge should go into an options play than 2 boxes and an arrow. + +Okay, so now with all that being said, let's jack your tits with a new date. + +**If we take the "It's Not a Cycle Theory" forward, we should see another put bomb setting up on January 21, 2022. (C+35 and T+2 to March 1).** [Take a look for yourself!](https://gme.crazyawesomecompany.com/) + +If you made it this far and you're thinking to yourself, " I don't know shit about fuck when it comes to **DOOMPs** and why the hell is it **C+35 and T+2**? I'm lost." + +Hold on a moment, let's dive into that real quick. + +# DOOMPs + +*Credit to* [u/WhatCanIMakeToday](https://www.reddit.com/u/WhatCanIMakeToday/) + +**Deep Out of The Money Puts (DOOMPs)** are a key loophole that short sellers use to create greater naked short positions. They will use married puts from a market maker to synthetically create naked shares to short. Major shoutout to [u/broccaaa](https://www.reddit.com/u/broccaaa/) for [his work on this subject](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/). + +When those puts expire, the marriage is over and the short positions are revealed. So, the short positions would get [re-married.](https://re-married.one/) One of the legends that uncovered this, [WhatCanIMakeToday](https://www.reddit.com/user/WhatCanIMakeToday/), made a great post about this, [Peek-a-boo! I see 103M hidden shorts! (Part Deux)](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/). + +When we look at the "It's Not a Cycle" Theory, we need to take close look at what happened in January. Let's see how many marriages of short positions got divorced on expiration: + +Jan 15, 2021: **About 339k OTM Puts expired** (the equivalent of up to\~ 33.9M shares) + +Jan 22, 2021: **About 121k OTM Puts expired** (the equivalent of up to \~12.1M shares) + +Jan 29, 2021: **About 329k OTM Puts expired** (the equivalent of up to \~32.9M shares) + +That sure is a hell of a lot of divorces and exposed short positions! We've yet to find evidence that OTM Puts were ever this extreme before January. It's obvious that a lot of money was thrown at these OTM Puts during the runup, expecting the price to fall, + +This OTM Puts in January serve as the primary catalyst for the chain of events we see today. Since then, the can have been kicked over and over again with DOOMPs that pop up consistently on the first monthly option expiration of each quarter. This happens every **C35 + T2** from that date. + +# C+35 and T+2 + +# Credit to [u/loggic](https://www.reddit.com/u/loggic/) + +The **C+35 and T+2 Settlement Period** means participants are given *35 Calendar Days* *plus* *2 Trading Days* to settle the trade of DOOMPs. + +[Reg SHO](https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm) provides a number of different circumstances under which C+35 applies. This language repeats in those circumstances: + +>...35 days after the trade date, the broker-dealer that effected the sale must borrow securities or close out the short position by purchasing securities of like kind and quantity... + +So that's where C+35 comes from. The DOOMPs are on the books, likely being used as a part of some nonsense Delta hedging scheme and/or just as a "leftover" from some options exploitation scheme. When those options expire, there's a new need to purchase shares to make the books balance. + +*Okay, then why T+2?* + +T+2 is the typical settlement time for transactions being settled by the NSCC. You receive the shares before the market opens 2 days after the transaction. In other words, if you buy shares Monday, you should actually receive those shares on Wednesday morning. + +*Why does the NSCC do it that way?* + +Their Continuous Net Settlement (CNS) system batches *all* of the trades going through the NSCC into one giant pile, then cancels out as many as possible. + +So if I buy 10 shares in the morning then sell 10 shares in the evening, CNS just cancels out those two trades and adjusts my money account accordingly. It then continues that process such that it settles as many trades as possible by T+2. + +In other words, if you sell 10 shares to me on Wednesday, CNS will probably deliver those shares to someone else who bought on Tuesday (yes, before you even sold) & then try to deliver shares to me from sellers on Thursday. + +*But what happens if CNS doesn't actually have enough shares to deliver? What happens when someone FTDs?* + +CNS will try and find shares to deliver anyway. Typically this means CNS will borrow those securities from a willing lender, deliver them to the buyer, and charge the person who FTDs until they can actually deliver. + +In any case, the shares don't need to *actually move* until T+2 after someone hits the "buy button". Since market participants have various ways to effect a near-instant settlement, they can delay the buying pressure until nearly the last moment. + +So, yeah. The Market Maker can push their nonsense out to as far as C+35, which lobs a grenade onto someone else's lap (like the CNS system itself) which goes off by T+2. + +&#x200B; + +# The Smoking Gun + +Let's put this all together... + +We have **GIANT** piles of puts that expired OTM in the last few weeks of January. And we know that those OTM Puts must be settled in C35 + T2. If we plot that out on our handy dandy chart... + +[Oh shit, is that February 24th?](https://preview.redd.it/nl4dmme1fj381.jpg?width=1357&format=pjpg&auto=webp&s=ff3d2c6ee1e53563748d9e95b6b16589562eb17d) + +Quite possibly, When February 24th rolls around, the computer says, *"Oh shit, oh fuck, we have to settle those 33.9M shares from OTM puts that expired January 15th."* + +If it's a half-decent system at assessing risk, it would also start to think, *"Oh shit, oh fuck, I also have to settle 45M more shares by March 10th?"* + +🤖 *\*Computer does math\** 🤖 + +"***This number is a total of 78.9M shares of GME which is 2x larger than the available free float at the time. JPOW, how the fuck do you expect me to handle this?"*** + +# CONCLUSION + +We've come to two distinct conclusions about what happened on February 24th: + +* **This was in fact an unexpected computer crash due to an "operational error". Maybe the reason Feb 24 was so** ***batshit crazy*** **at the end of the day was due to the computer coming back online, seeing naked short positions and starting going haywire on DTC Participants. This should provide enough evidence to warrant an audit of short sellers and market makers during the events of February 24th.** +* **The computer suddenly recognized there was an irrational amount of DOOMPS that needed to be settled than physically possible, and shut down due to computational error. Now short hedge funds are stuck kicking the can every 90 days. If this is the case, the DTC should be held responsible for market manipulation charges.** + +&#x200B; + +# + +# HOWEVER... + +*There are also a TON of unanswered questions that we still don't know the answer to:* + +* *If the outage was a protocol to buy more time for the DTC and NSCC to assess the situation? What could they have done during the outage to mitigate risk?* +* *Why does the Founder of Citadel, GME's designated market maker, act like a frog & ice cream tweet is what caused retail FOMO buying? He should very well know that the price began increasing at the same time a computer system came online that handles end-of-day settlement.* +* *Oh yeah, and why*[ *did IV drop to ZERO on February 24th?*](https://www.reddit.com/r/GME/comments/minenb/what_happened_on_february_24_to_iv/) +Did you know TacoCat spelled backwards is also TacoCat? Well regardless, that is an obligatory piece of information. Now moving on.. 🚀🚀🚀 + + +TacoCat 🌮🐱 is not your regular BSC shitcoin. Oh no. This thing is picking up steam so fast, and possesses an absolute behemoth of a marketing team behind it. However, I appreciate that these days, people want to see what differentiates this coin from all the other moonshots out there. Allow me to explain. + + +🌮 HUGE LIQUIDITY 🐱 As of writing this post, according to Bog Charts, ~$1.8mil is locked in liquidity. This ensures protection against volatile price action, meaning whales selling will never crash the price substantially. + + +🌮 UNIQUE TRANSACTION FEE 🐱 We constantly see coins returning big percentages of the tx to holders, claiming this redistribution feature to be beneficial. TacoCat takes a 9% fee per transaction, and puts 8% back into liquidity, while redestributing just 1% back to all holders as a small thank you. The 8% going to liquidity means as the project and its holders grow, the liquidity will keep getting larger, and the price floor will rise accordingly. + + +🌮 BASED TEAM AND BOG DEVS INVOLVED 🐱 It’s no secret that everything the devs from Bog touch turns to gold. You can confirm their involvement in the project by joining the TacoCat Telegram and researching it yourself. Furthermore, the core team is ever expansive, and contains incredibly honest and hard working people. The owner conducts regular voice chats daily to directly address any fear, doubt or uncertainty. + + +🌮 HUGE MARKETING PLANNED 🐱 The marketing which is planned for this project is absolutely insane. If you thought that Safemoon or Elongate had incredible advertising and endorsement, just wait until you see what TacoCat has in store 🚀. I recommend joining the Telegram and listening in to the daily voice chat session to find out concrete details, but to share some teases here, think celebrity/influencer endorsements, family friendly mass-appealing merchandise store and branding, and even their very own Tequila brand. 👀🚀 + + +• Here are all the LINKS for your convenience • + + +🌮 Website: https://www.TacoCat.finance + + +🐱 Twitter: https://twitter.com/TacoCatCrew + + +🐱 Discord: https://discord.gg/KBMbkAcz + + +💬 Telegram: https://t.me/TacoCatCrew + + +🥞 PancakeSwap link: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&amp;inputCurrency=BNB + + +📈 Chart: https://charts.bogged.finance/?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020 + + +As always make sure to conduct your own research before investing, and always, always invest only what you are comfortable with. Come hang out with us on Telegram or Discord and see how wholesome and motivated our community is before buying in! We are all dedicated to make this thing absolutely HUGE! 🚀🚀🚀 Soon, even your grandma will hear about the TacoCat 🌮🐱 +One of the recurring themes I notice in this forum is how to make stress go away by throwing money at the problem. The one thing that stresses me out more than ever is tipping. Do you have any strategies for how to get comfortable with tipping so it’s no longer an inconvenience? + +To be clear, I don’t have a problem with tipping itself. As you FatFIRE, you interact with lots of people who will never see a tiny fraction of your NW in their lifetime. Even ignoring selfish reasons (better service?), spreading the wealth only makes sense. It’s the logistics of tipping that stress me out. + +Things that cause stress: + +* **Cash**. I hardly ever carry cash anymore. Everything is paid with credit cards. The one thing left that requires cash is tipping. How much cash do you carry? Do you do trips to the ATM solely for this purpose? Do you take out local currency when you travel? How much? What do you do with the excess? +* **Breaking large bills**. ATMs give you $20 bills, but often a $20 bill feels too much. Is $20 your minimum tip? If not, how do you break the bills when everything else is cashless? I definitely don’t want to ask for change when tipping. +* **Counting money**. The last thing I want to do is fuss and fumble to count the right amount when I have a window of a few seconds to tip someone. Do you carry stashes of $1 bills? $5s? $10s? $20s? Where do you keep it so it’s always easy to dish out at a moment’s notice? +* **How much to tip**. There are listicles online that tell you how much you should tip for housekeeping or at restaurants, etc. These become pretty useless as you FatFIRE. The amounts you pay are much higher. They are location-dependent as you travel. And the services you get are much more varied (charter pilot, private cruise captain, private event florist and their assistants, private yoga instructor, massage therapist, etc.). I imagine there is an implicit range for each service that goes from insulting, to expected, to generous, to “made-my-day” generous. Which range do you aim for? Without knowledge and experience, I’m terrified of the “insulting” range so I often end up not tipping at all. + +Things that complicate matters: + +* **Different countries/cultures**. The US is notorious for its tipping culture. If feels like there is never a situation where you should *not* tip. Every interaction seems to end in an opportunity for a tip to be exchanged. This is different as you travel. In many places across the world, tipping is not expected, and finding the right moment to tip might be difficult, or at least awkward. Do you have strategies for how to create the opportunity to tip? Or do you just skip the tip if the person doesn’t give you an opportunity? +* **Prepaid/included tips**. Many services are now explicitly asking for tips up-front (DoorDash, Uber, etc.), or discouraging tips altogether (Tock restaurants). Do you tip cash anyway? +* **High-end resorts**. I get the sense that some high-end resorts (e.g. Aman) try to mitigate the problem by setting a culture where cash tips are not expected. Do you tip one large lump sum at the end? Or find ways to tip every interaction anyway? + +Yes, I know I’m overthinking it. That is the problem. I would pay good money for a “FatFIRE guide to tipping” so I don’t have to think about this anymore. + +EDIT: I should have clarified that my question is *not about tipping at restaurants*. Tipping standard amounts at restaurants with a credit card is easy and well understood. It’s the long tail of other services I’m worried about. As you FatFIRE you are served by lots of people in lots of different contexts and often there is no credit card terminal in sight. +Me and my partner, mid-late 30s, earn about 330k combined at comfortable jobs (I'm in academia). Maybe that's not that much for this board, but I have a little over 1.5 mil in index funds (1 mil of that from cryptocurrency) and 500k in real estate, he has a little over 1 mil in index funds, together we're at maybe 3.2-3.3 mil net worth or something like that. And we live in a country that has a lower cost of living than the US, so it goes a bit farther, though I've quoted all the above in USD. + + +Here's the thing: I don't think we'd ever quit - we work for fun not for money. My day job is interesting, it's my social club, and I've been bad enough at keeping a work/life balance that I'd lose all my friends if I left. I put in about 40-50 hours a week of solid work - not counting lunch breaks and the like. So it's actually a bit strenuous, but I feel like work has honestly been good for me. I was reading an old thread about someone playing a lot of video games and I kind of worry that without my day job, I'd probably get more and more into writing code for obscure projects that would never see the light of day, sitting in my pj's in my basement, and one day I'd regret it. + + +So what am I missing out on? Are we totally brainwashed to keep our jobs? Or is it okay to keep working if you genuinely enjoy it? And how can you tell if you really enjoy it or if you've just been in a cult for too long? Let's face it, some careers are pretty culty. Although now that I've described my programming side hobby, I guess all my interests are intense and culty. But is there something I'm missing? + + +P.S. I used to work for government and found it very unpleasant because it was so boring and no one was ambitious. It was deeply depressing. So, low-effort jobs probably aren't for me. I like the excitement of chasing something, and the nice thing about my day job is that I can chase something on my own schedule and with autonomy. Kind of like being a serial entrepreneur except with a soft landing when you fail. +My family had bank managers steal hundreds of thousands of dollars while my great uncle was dying, and there is a huge lawsuit to (hopefully) remedy it.. I dont care if my grandma left me $1000 or $1000000 - I just dont want her money that she worked hard for to just disappear. She has lost most of her long term memory. And her WILL does not talk about it because in Brazil you can only leave $$$ to your next of kin(children or direct family). + +I know it sounds like im looking for money and those arent my intentions. Im not successful in anyway but, im financially independent so it doesn’t matter to me if its a small amount or it ends up being nothing, honestly.. Again its more to make sure that my grandma who lived through WW2 and was a single parent for over 50 years doesnt have her hard earned money disappear. + + +Thank you for any help ! + +*Edit* because someone mentioned to do this. + +I ran a credit report and nothing in my name that isnt supposed to be, and I have never received a 1099 like others have mentioned, if the fund was accruing interest. This could mean the fund is in her name with me as a beneficiary or as a second person on the account? + +Thank you to a few Brazil Lawyers who have reached out u/fodafoda mentioned that 50% must go to next of kin/spouse “herdeiros necessários “ while the other 50% can be distributed as she wishes, maybe the NY state mention was a red herring and it is in Brazil ? + +Thanks to u/Engineeringdude79 for pointing out that if it is in Brazil then her yearly tax report or her “declaração de imposto de renda” will have all her assets listed there. Since I haven’t received a 1099 or papers in my name about it. Seems like I may have been mistaken on the information ( or this could be a red herring as well). + +Unfortunately I leave Brazil tomorrow to return to work, so tomorrow I will go see if She doesnt mine to look at her papers or her yearly tax return - to get more leads. + +I cant believe how much this has blown up and Im going through everyones replies but, just wanted to shout out EVERYONE who posted with tips or info.. You guys&amp;gals ROCK , thank you so much! +To keep this short. I was kicked out at a young age from a family of wealth. I didn’t understand how credit cards worked. I thought you spent however much and as long as you pay the minimum you will not accumulate debt..... well 7-8 months of maxing out my 4 cc and just paying the minimum I learned my lesson. + +15k in debt before graduating high school, homeless no hope no future. + +I worked 3 jobs because I wanted to go to college and I had to pay out of pocket. I didn’t qualify for any loans because my parents who lived in another country made to much. + +Fast forward 7 years. I’m married, consumer debt free, owe a little bit on a mortgage, and have a savings accounts! + +Anything is possible. Just keep going. +I’ve finally made it to FIRE and no longer need to be a pretty boy and display my flair. Friday is my last day at the office. I know you guys like detailed breakdowns of net worth growth and the like, but I don’t really have that. For whatever reason, I always just overwrote my spreadsheets from my last quarterly update. I guess I wasn’t all that concerned with the trajectory, only the final number. But I’m willing to share what I do have, both how I got here and where I’m going. + +(Unless otherwise noted, all numbers below are combined for my wife and I, despite me writing in the first person. She’s cool with that, I checked. We hold only a stock/bond portfolio and have no other investments.) + +Here’s what I can tell you. I had $700k at the start of 2017 with a minimum FIRE goal of $900k ($36k/yr at 4%WR), which I would’ve hit my savings and a 0% return for 2017 and 2018. Considering that the next bear market was imminent at that time (just like now if you listen to the pundits), I made a plan to work those two years before re-evaluating. As I’m sure you’re aware, 2017 market returns were big (20+% US, 27%+ Int’l), and I hit $1MM in early 2018. This bounced around some as 2018 was fairly volatile, and I lost my second comma at the end of 2018. They’ve since bounced back and I currently have about $1.1MM. We picked our retirement date of 4/19/19 back in October 2018. It’s Good Friday, and it will most definitely be a good friday. + +I’m 42 years old and have never made 6 figures. In fact, I never even broke $50k/yr until age 38. My wife is 41, and she has never made 6 figures either, but generally always out-earned me (except for two absolutely glorious months back in 2017). We have no kids, but that was decided well before we even knew FIRE was a thing. I work as a non-CPA accountant (A/R) and I always pay attention to the mundane details and put the decimal point in the right place. She works for a major hotel chain and knows a lot about TPS reports. We have always lived in HCOL areas, first in Chicago (2001-2009) and then in Silicon Valley (2010 - present). As such, our real talent is living a good life while not spending much money. The last few years, we’ve spent right around $45k/yr, which I feel is pretty damn good for around here. Many of my coworkers spend that amount on housing alone. + +We keep our costs down in lots of practical ways. I’ve been a full time bike commuter for 5 years. We cook nearly every meal at home, eating out less than once a month, and even then it’s usually pho or something pretty cheap. We split one car, a 15 year old VW. We have the cheapest apartment of anyone I’ve ever met, currently at a high water mark of $1700/mo. It’s definitely a bit old and rundown, but it fits our needs and the neighbors are nice. We still live a very similar lifestyle to when we first met in our early 20s and had little money and I still rock my same Swingline stapler. + +We weren’t always great at saving a bunch of money, but we worked up to it. When starting our first jobs, we each (independently) started contributing around 15% to our 401ks. And then we increased that percentage with each raise. But sometime in 2013, I stumbled upon MMM and was instantly hooked. I accepted those face punches graciously and we really kicked our savings up a couple of notches from then on. This also coincided with our peak earning years and a booming stock market, and suddenly early retirement seemed so much more accessible instead of some far off dream. + +About our only discretionary spending that moves the needle is on travel. We have always loved to travel together. We both currently work for companies in the travel industry, so we get a lot of company help. This was the best part about work the last few years. Just over this time, we took trips to Paris, Hawaii, Jamaica, Tahoe, and Vietnam that were at least partially subsidized by our employers. We even squeezed a few full priced trips in there too. Now, we are turning our travel up to 11 by going full nomad and plan to travel indefinitely without a home base. + +I'm not planning a static withdrawal rate. Instead I will use a variable withdrawal rate, with planned cutbacks when returns are negative (knocking us below our starting point) with the option to increase after years with big gains. My base spending estimate is $36k/yr which is about 3.25% of my current portfolio, but again, that will fluctuate. I will probably try to keep it under $36k/yr until weathering my first recession. The idea is that we can live a reasonably similar lifestyle but at different price points based on whether we’re sticking to cheaper countries or more expensive ones. As such, cutting back should not be painful like a case of the Mondays, it will just involve moving slower and/or staying in cheaper places longer. + +In general, I do not know how long we will travel or how much we’ll enjoy it. I think it’ll be great, which is why we’re doing it, but it’s hard to know until it actually happens. If we were to call it quits after only a few years, it’s entirely possible that one or both of us would need to work part time selling magazine subscriptions door to door (beats working at Intertrode) if we decide to move back to the US permanently. I hope it doesn’t come to that though. Ideally we slow travel for decades using a fairly low WR, cutting spending as needed, and our portfolio grows. This would allow more flexibility to increase spending as we age, whether that’s while still traveling or settling back in the US. I imagine travel in my 60s will require more comfort that travel in my 40s, so I’m trying to plan for that. + +As it stands, I am not planning to carry health insurance while traveling, instead opting to just pay cash as needed like the locals do. I have a couple of months before we get on a plane, so I will research options further, but from what I’ve found so far, it’s not going to be worth it. When returning to the US to visit friends and family, I will buy a temporary high deductible catastrophic plan though. Obviously I cannot be in the US even for any period of time without insurance. (Hey USA, what’s happening? If you could go ahead and work on getting us up to developed world standards while we’re out galavanting around the world, that would be great. Mmmmkay?) + +I hold a lazy portfolio consisting of all index funds. Total AA is 40/30/30 US/Int’l/Bonds. I have decided against using a bond tent. Originally, I thought about starting at 60/40 stock/bond and shifting this to 80/20 over 5 or 10 years. Instead, I just decided to go with 70/30 and stick with it. The backtest results are similar, and this fits better with my general [KISS](https://en.wikipedia.org/wiki/KISS_principle) investing plan. + +I do the vast majority of my posting on this sub while at work when I don’t have meetings with the Bobs, so I’m not expecting to continue contributing at my current rate. I don’t plan to disappear entirely, but will likely shift from resident genius know-it-all to focusing more on the post-FIRE aspect. :) + +That’s about all I can think of. Got questions? Fire away and I’ll do my best to answer them. + +TL;DR FIRE’ing at age 42 with about $1.1M for two people with a plan to spend ~$36k/yr (variable) while traveling the world indefinitely. Never made 6 figures or even really close, just figured out how to enjoy life without spending much money and invested consistently over time. Office Space is one of the best movies ever made. +I've been a long-time lurker on this board, but recently I've seen an uptick from landlords getting blasted by people who suddenly do not want to pay their rent. For the landlords that are hearing these arguments, what are your tenants saying? For the tenants that are making these arguments, what's your excuse? + +It seems to me like there's a lot of ignorance surrounding rental agreements. From the perspective of the tenant, I'd like to know the following: + +1. 3/6/9 months from now when this issue is largely over and you're taken to court by your landlord for failure to pay per your contract, what will you say? +2. When you lose in a courtroom, what will you do once you end up with both an unlawful detainer (UD), and a summary judgment for the amount of money owed + any additional fees? +3. In certain states, your wages or tax refund can be garnished. Assuming you land employment at some time in the future, how will you handle a garnishment? + +I guess I'm just really perplexed by the whole anti-rent movement that's happening currently (both on Reddit and on Twitter), and I would like to understand it more. It seems like it's driven entirely on emotion and not based on contract law. If you are a tenant and you're collecting unemployment, doesn't it make more sense to try and work something out with your landlord vs. skipping rent entirely? + +Thanks in advance + + + +**EDIT:** Thank you all for the amazing amount of responses and comments. Truly, I expected this to generate some dialogue and it's been eye-opening for me with some of the comments that have been made by both tenants, landlords, and folks who are just speculating! I also appreciate the personal stories that have been made here and the on-going request for help from both parties. +I’m curious what the general consensus is on this. I’m considering trying to pay down our debt in terms of vehicles. I believe the interest rates on the vehicles are somewhere around 4%, and I was debating should I make extra payments each month, or take those extra payments and put them into a brokerage and invest them in a mutual fund or something and then pay off the car. I’d get an instant 4% return if I make extra payments, but I may make more in the stock market but I realize I also have to pay tax on my earnings. + +Thoughts? +**Reference**: Full credit to Larry Smith that covered this back in 2019. + +I will summarise the key points from my research into this. + +**Introduction** + +As we know the DTCC was set-up to take advantage of a paper free, electronic system. This has raised issues of transparency as the system is a closed loop, enabling an environment where manipulation can occur through naked shorting. + +Regulation SHO was supposed to tackle naked shorting in the electronic clearing and settlement environment. However it has many loopholes that render it ineffective and the SEC themselves remain either intentionally or recklessly unconcerned about these loopholes. + +Regulation SHO defines locate and settlement requirements for any borrowed stock that was used to execute short sales. There are also trading limits on threshold securities that have significant FTDs. + +Normal participants must locate the stock before shorting it. Market makers are **exempt** from this and can do this without location. This type of naked shorting is aligned with the rules of Reg SHO and bizarrely ‘legal’. It’s only when the rules are not followed to the T, that it becomes illegal. + +Any naked short should be located in a 2 day period before settlement. If it can’t be, it creates a FTD. In this situation, a broker is supposed to close out the position in the open market. Market makers can maintain this for a longer 6 day period. + +In reality, these rules are circumvented and we end up with synthetic shares that DTCC treats as real shares. You could create an infinite number of synthetic shares and overwhelm the stock market to drive down price. The SEC lacks the resources and seems disinterested in actively policing FTDs. Market Maker “A” may be able to just ignore the FTD without penalty. + +**Location** + +As above, broker-dealers are treated differently and allowed to do a short sale without having the stock. + +Rule 203 (a) states that if broker dealers have ***reasonable*** grounds to believe that the security can be borrowed and delivered on or before the date that delivery is due, they can naked short. + +There are 2 types of lists for borrowing: + +1. Easy to borrow - lists of securities that are generated and policed by prime brokers. +2. Hard to borrow lists - intended to prevent naked shorting in stocks that appear on this list. + +So a broker dealer can short stocks appearing on the easy to borrow list without first locating the shares to be delivered at settlement. If they do not, it is a FTD. The SEC maintains that repeated FTDs are grounds for removal of the stock from the easy to borrow list. Stocks on the hard to borrow ”should” not be shorted before the stock is located. + +As you can see, there is a lot of a ambiguity in the SEC’s rules - particularly 203(a) and the “reasonable grounds” definition. As well as this, both lists are maintained by brokers and not the SEC. This makes the rules around them subjective and open to interpretation that can lead to manipulation. + +There is an additional list which is the **DTCC’s stock borrow program** \- this will be covered in another post. + +The SEC seems more concerned with maintaining liquidity than tackling naked shorting. The exemption that Reg SHO provides market makers is due to the belief that it is necessary to help with retail orders and maintain liquidity. + +It has become increasingly hard to differentiate between market makers and hedge funds. Some operate as both, which is a strategic business model that can take advantage of the exemption above. + +**Close-out Requirement**. + +Rule 204 covers FTDs. If a failure occurs, this requires action by brokers and deals from whom the stock was borrowed by requiring them to buy and close out the stock on the market. Settlements will occurs on a T+2 basis. + +There are even more exemptions to this rule. If a MM has a FTD but can show that this came from well intentioned market activities, the close out can be extended to T+5. If it is still not closed out, the MM can not perform more shorts until they have closed. Obviously, there are ways around this, which will be discussed. + +**Threshold Securities** + +Rule 203(B) outlines the creation and operation of threshold securities lists. These are securities that have large and persistent Fail to Delivers that are a hallmark of illegal naked shorting. These are defined as stocks that have an accumulated FTD position totaling 10,000 shares or more for five consecutive settlement days and is equal to at least 0.5% of the issuer's total shares outstanding. These are openly published by exchanges. + +A stock on this list activates provisions in Reg SHO which are designed to eliminate FTDs. If the security is on the list for T+14, it must be closed out by purchasing the shares. The partidopant cannot perform more short sales without first locating or entering into an agreement. Market makers are **not** exempt from this. + +***In practice, this is fucking bananas. Most stocks remain on the threshold list for months. The FTDs are rolled over from one broker to another. After T+13, even though they are required to close out, the market maker can transfer the position to another market maker or broker and the thirteen-day countdown to a mandatory buy-in starts all over.*** + +***This is frequently used to allows FTDs for months or years.*** + +**Techniques Used to Circumvent Reg SHO** + +Given the SEC is content with the DTCC self-regulating its participants, there are frequently employed techniques to circumvent these requirements. + +1. Allowing “important“ hedge fund clients to ignore the locate requirement +2. Creating easy to borrow lists that inappropriately include threshold and hard-to-borrow stocks +3. Hiding FTDs through washed and matched trades, i.e. rolling over an FTD to another broker +4. Illegal stock sales in dark pools off the primary markets to avoid NYSE oversight and to maintain anonymity +5. No supervision that the locate requirement was satisfied for short sales +6. Fradulently marking short sales as long to hide naked positions. +7. Fradulently saying they possessed the borrowed securities or had located them. +8. Not making any effort to locate shares prior to short selling, +9. Entering into a made up option contract to hide naked shorting +10. Using the DTCC stock borrowing program mentioned above as a means to conceal naked short sales, +11. Putting through fake short interest and other reports to regulators - as we see with Ortex. +12. Hiding activity by falsely reporting synthetic shares as real shares in broker statements +13. Hiding the activity by issuing voting material to shareholders with nonexistent assets who have no corporate rights including the right to vote shares, +14. Not complying with requirements to investigate and report suspicious transactions to regulatory authorities. + +**Elimination of the Uptick Rule** + +A big change in the governance of shorting was also the elimination of the uptick rule that required an increase in the stock price before allowing a short sale. + +Bernie Madoff helped eliminate the uptick rule in 2007. Madoff had a MM and HF firm, which routinely participated in illegal naked shorting, as well as his ongong Ponzi Scheme. + +The SEC defended this by saying the uptick rule reduced liquidity. Another example of the SEC prioritising liquidity over tackling predatory techniques and protecting investors. The SEC endorsed and defended the decision stating that the uptick rule reduced liquidity. + +**The Role of the DTCC** + +**DTCC**\- US clearing and settlement services and a central securities depository. + +**DTC**: a subsidiary and depository for almost all US securities and keeps records of transfers through electronic record-keeping of securities balances. + +**NSCC** \- a DTCC subsidiary that provides clearing and settlement for almost all securities transactions in the US two days after a transaction (T+2). It also guarantees completion of certain broker-to-broker securities transactions. + +As we know the DTCC is owned by Prime Brokers. Prime brokers have hedge fund support which makes up a significant portion of their net income. + +**DTCC Performs a Critical Function but also Facilitates Illegal Naked Shorting** + +There are significant loopholes that facilitate an illegal enterprise. The subsidiaries use Continuous Net Settlement (CNS) and the Stock Borrowing Program to facilitate efficient liquid markets in securities. These have loopholes. + +Market Makers can exploit these loopholes to create synthetic shares. Hedge funds can be involved in this but have plausible deniability as they don’t execute the trades themselves. + +The amount of synthetic shares and FTDs are staggering but the data is locked deep inside the DTCC, which allows it to circumvent regulatory oversight and reporting. This gives it an effective monopoly which can work to the benefit of Prime Brokers and as a fuck you to everyone else. + +The process of creating synthetic shares is complex and understanding all aspects usually requires a team of highly skilled lawyers specialising in securities law, clearing and settlement procedures. + +1. **Physical Transfer of Stock Certificates Has Been Replaced by Electronic Data Entries**. Stock certificates are now stored in a central vault in the DTC. When an investor buys a security through a broker, the investor’s name does not appear on the stock certificate. They are categorised by the broker dealers, called a “street name”. +2. The actual custody, physical control and even the official ownership of stocks (and other securities) is done through Cede and Company, which processes on behalf of DTC. This is another private company in partnership with the DTCC so technically Cede own all listed shares in the US and all investors have are contractual rights. + +This has some advantages - rapid settlements. But this is also non-transparent. It is a mind fuck that the SEC has been happy waiving control of clearing, settlements and custody to a private company. In theory, number of street name shares = registered shares in Cede’s vault. In reality, Wall Street creates massive numbers of synthetic shares. Once created, the DTCC does not differentiate between synthetic and real street name shares. + +It also means that “*while you may think you are buying registered stock, you are actually buying a financial derivative. Effectively, you are buying a financial derivative from brokers of a financial derivative they hold from Cede that is just a digital entry in your DTC account.”* + +You own fungible derivatives and untraceable commodities. + +&#x200B; + +>Operating in this black hole of important information they use loopholes in the clearing and settlement system administered by DTCC and loopholes in the ineffective SHO regulations to create counterfeit shares at will. They can and do expand the supply of street name securities through creating counterfeit shares to overwhelm demand and drive down the stock price. +> +>You can see this scheme at work almost on an almost daily basis. All too often, when a Company reports approval of an important new product, the stock trades up slightly and then trades down to a lower price than before the announcement  to the amazement of investors who are long the stock. The same thing can happen with achievement of a meaningful, clinical, regulatory or financial milestone. Why? Because there are hedge funds who have been shorting the stock and have huge outstanding short positions who stand to suffer huge losses if the stock price increases. In self-defense, they launch a short attack spearheaded by creating counterfeit shares arising from illegal naked shorting. The clear intent is to make good or great news appear to be badly received. Jim Cramer was a long time hedge fund manager before becoming a commentator on CNBC. In this famous [interview](https://www.youtube.com/watch?v=gMShFx5rThI),  he fills us in on how he and other hedge funds routinely manipulated stocks. +> +>God forbid, if a company you are invested in reaches a point that it becomes apparent that it has to raise equity. The hedge fund gang jumps in and start shorting in anticipation of an offering. The hedge funds have had great success in persuading other investors that equity offerings are bad for investors because it dilutes their shares. In most cases, this argument is total nonsense because companies are raising money to enable the completion of projects that will enable them to become successful, i.e. executing an important clinical trial, building infrastructure, etc. Raising equity to enable companies to grow is the cornerstone for our successful economic system. Claiming that equity raises are dilutive and harmful is something that Vladimir Lenin might have said. +> +>In the vast majority of cases, the stock slides sharply when the deal is announced. For small emerging companies, the offering is then priced by Wall Street investment bankers at a 10% discount to the already distressed price and often warrants must be attached in order to attract buyers who all too often the hedge funds who have shorted the stock. Yes, I know this is illegal, but hedge fund A buys stock on an offering to cover for hedge fund B who has been shorting and they switch positions to cover the short and split the profits. This is a routine practice. In the end, this does lead to enormous share dilution, which causes untold harm to investors and emerging companies who are so important to economic growth. The winners are Wall Street and hedge fund employees and real estate brokers in the Hamptons. + +**Continuous Net Settlement System Used by the NSCC** + +In the old days, if you bought a stock from another investor, you would own the stock certificate. Given the sheer size and complexity of electronic transactions that is here in the modern age, the solution by the NSCC was to not handle each trade individually but to use a system called Continuous Net Settlement (CNS). This centralised and automated the accounting of settlements. + +In the CNS system, Prime Brokers have an account with the DTC along with market makers, hedge funds etc. Everything is electronic and in real time so you can immediately see the status of specific investments in accounts. + +The clearance and settlement system of the NSCC functions through a system called multilateral netting. + +You have a customer order. Broker A buys 10 shares of GameStop from Broker B. Then later Broker A sells 10 shares of GameStop to Broker B. In the new approach, these 2 trades are netted so there is no movement in the electronic certification. In the real world, there would be complex trading with multiple buy/sell with multiple participants for GameStop stock. + +NSCC settlement T+2. At this time, all NSCCs member are netted for the stock in question. They are further netted against any previous trades in which there were failed to deliver securities. If the Prime Broker has sold more shares than it has bought (net short), it owes shares to the NSCC. The inventory of XYZ in the broker’s account at the DTC is checked to see if there are available shares that can be transferred to cover the short obligation. In the case of net long positions, they are automatically credited to the member's DTC account. Also, daily money settlements are debited or credited to the member's account. + +Example: During the day Broker A might handle multiple transactions in a stock for its customers as follows: + +1. Sells 500 shares to Broker B +2. Buys 1000 shares from Broker C +3. Sells 2000 shares to Broker D +4. Has 500 shares of XYZ on deposit at its DTC account + +Broker A at settlement (T+2) is net short 1000 shares of XYZ (-500+1000-2000+500) and turns to the Stock Borrowing Program. + +**NSCC’s Stock Borrow Program** + +When a broker is net short, it has T+2 to locate and deliver. But as above, there could be a situation where a broker is net short of XYZ on settlement day and does not have enough shares of XYZ in inventory to cover. I + +Under CNS, the NSCC guarantees the trade so that even if the seller of the stock fails to deliver, the transaction goes through. This can be used to create counterfeit share.s + +The DTC knows every member’s position. If a member is net short, the DTC reviews the number of net shorts of the shares of the XYZ to determine if the DTC itself holds enough to settle. If there are enough, the DTC offsets the net short and the shares are sent to the account of members who loaned them. + +If the member does not have enough to cover, the NSCC will borrow through their Stock Borrow Program. + +This allows members with net long positions to lend out shares to members who are net short. So Broker A who is net long on GameStop can put it in the program and Broker B can loan it as it has a net short position and needs to cover. The program is continuously updated by members stating how many shares they are OK lending. Once this is established and covered, this cures the failures to deliver at settlement. + +**Creating Counterfeit Shares through the Stock Borrow Program** + +This is of course abused through loopholes. + +Example: + +>Let’s assume that the parties in a hypothetical example are Hedge Fund A, Broker A, Investor B, Broker B, a market maker and the DTC and NSCC. Let’s look at a highly simplified example in which Hedge Fund A asks broker A to short 2,000 shares of XYZ at $10.00 per share. +> +>1. Broker A transmits Hedge Fund A’s short sell order to a Market Maker in XYZ stock (this could be either the broker itself or another market maker.) +> +>2. The Market Maker confirms immediately to Broker A that the trade is complete without first locating the shares; he is naked short the stock. Under Regulation SHO this is legal. +> +>3. Investor B through Broker B buys the 2,000 shares offered by the Market Maker at $10.00 even though the market maker has not located 2,000 shares to borrow. +> +>4. If at T+2, the Market Maker still hasn’t found a locate, he is in a fail to deliver situation. In the system of the 1960s, the trade would have been broken and $20,000 would be returned to Investor B’s account, but because the NSCC guarantees all transactions, the stock borrowing program comes into play and the settlement proceeds with the NSCC borrowing stock from other member firms. +> +>5. The DTC identifies Broker C having a net long position of 2,000 shares which it is willing to lend to NSCC. +> +>6. At settlement (T+2), Hedge Fund A’s account at the DTC is credited with cash of $20,000 (2,000 shares at $10.00). Investor B’s account at the DTC is now credited with owning 2,000 shares of XYZ at $10.00 even though the market maker failed to borrow the shares. Broker C is credited to receive interest on $20,000, the value of the stock it has loaned. +> +>7. Broker C loaned 2,000 shares of XYZ, which it took from its customer accounts, to the NSCC. However, the NSCC accounting credits customers of Broker C with still owning 2,000 shares of XYZ. +> +>8. This is the critical point at which counterfeit shares have been created. The NSCC shows customers of Broker C as still owning the 2,000 shares of XYZ. However, Investor B is credited as owning the same 2,000 shares. Presto, there are 2,000 new counterfeit shares outstanding that were never issued by the Company. +> +>9. Under Reg SHO, the Market maker has until T+6 to locate stock and close out the 2,000 shares of XYZ it has borrowed through the stock borrow program from Broker C. Under Regulation SHO, if a locate has still not been found at T+6, the Market Maker must purchase 2,000 shares in the open market and return them to Broker C. However, Wall Street has a bag of tricks to get around this requirement. One of which is simply to ignore it. Another is to roll the position to another broker-dealer. Oftentimes, fails to deliver can last for months or years. The SEC seems strangely unwilling or unable to enforce this provision of Regulation SHO. + +If the FTD is not addressed, the NSCC system does not differentiate between synthetic and real shares. Both the 2,000 legitimate shares that were originally in the customer accounts at Broker C and the 2,000 new unauthorized (counterfeit) shares given to Investor B can both be loaned to cover other net short, fail to deliver positions. This process can be repeated ad infinitum to flood the market with counterfeit shares. + +There are many ways that this process directly benefits Wall Street at the expense of retail shareholders. Shares loaned by Broker C to make good on the Market Maker’s delivery obligation actually do not belong to Broker C. They come from customer’s margin accounts who do not know their shares are being loaned. Meanwhile, the Broker is receiving interest on the cash value even though they have no ownership. The customers receive no economic value. The interest of the Broker is to see the price rise. Loaning to short sellers who want the stock to go down is against their interest. With the stock borrowing program, brokers put their own economic interest before their customers. + +**Why Do It?** + +Shorting is extremely popular amongst Hedge Funds. Firms benefit from lending through the collection of interest and associated fees. Estimates are that 20% of net income for large investment banks comes from shorting selling. + +Issues: + +1. Liability is unlimited - if you buy a stock, your lose is capped at your investment. If you short a stock, there is no limit to your liability. +2. Kalo Bios was about to go bankrupt and trading at $0.25 per share. An investor shorted 4000 shares, thinking they could could $1000. Martin Shkreli came in and initiated short squeeze that drove the stock to $40. 00 per share. The investor ended up with a loss of about $160,000 based on a $1,000 investment. +3. Short sellers have ongoing costs via interest on a loan. If the stock price increase,s more collateral and cash is required and the interest increases. This creates a sense of urgency when shorting. +4. You have to have incredible timing. If you buy and hold, there is no cost for you. If you short, there is an ongoing cost. The short seller has to have precise timing . +5. Over the long term, buying is a winning result and shorting is a losing result. +6. Shorting is anti-social - you are selling something you don’t own to drive down the price of a company so that everybody loses (the investors, the employees, the business, the customers) + +**The Implications of FTDs** + +&#x200B; + +>Here is what happens when an FTD is rolled over, no buy-in occurs or is simply ignored. Let’s use an example when Market Maker “A” receives an order to short 10,000 shares of XYZ at say $20.00, but can not immediately locate shares to borrow: +> +>1. A hedge fund delivers an order to short 10,000 share of XYZ to Market Maker “A” +> +>2. Market Maker “A” immediately shorts 10,000 shares without locating shares to borrow. +> +>3. Some customer(s) of Broker “X” buys the shares. +> +>4. The hedge fund receives $200,000 in cash from the customer(s) of Broker “X” at T+2. +> +>5. However, at T+2. Market Maker “A” has not located shares to borrow and deliver to the customers of Broker “X”. +> +>6. NSCC steps in to guarantee the settlement of the trade. It borrows 10,000 shares from a customer(s) of Broker “Y”. +> +>7. These 10,000 shares of XYZ are credited to the customer(s) of Broker “X”. They now show 10,000 shares of XYZ in their accounts. +> +>8. The problem is that the NSCC borrowed 10,000 shares of XYZ from customers of Broker “Y” and they are also credited with owning 10,000 share of XYZ. +> +>9. The customers of Brokers “X” and “Y” own the same 10,000 shares. This is how counterfeit shares are created. +> +>10. Because of continuous net settlement used by member firms of the DTCC, these shares are commingled in the inventory of the Brokers “X” and “Y” and can’t be traced to individual accounts. +> +>11. Customers of Broker “X” now own 10,000 counterfeit shares of XYZ, but they can’t be distinguished from legal street name shares. +> +>12. These 10,000 counterfeit shares can be loaned out to other short sellers. +> +>13. Market makers and hedge funds working in concert can create a virtually unlimited number of counterfeit shares. + +Acknowledgements - [https://smithonstocks.com](https://smithonstocks.com/comp/) +As Jim Crammer likes to say and I am not talking about GME. I am constantly looking to buy, but if the market is a little pricey and nothing catches my eye, I'll hold some cash and wait. At the open today I was buying. Not big, but adding to my positions 5 to 10 shares of stocks like JNJ, PG, ABBV, JPM. I created new positions on EMR and FAST. And added to SCHD and SCHB. Still not all in, but it is a bargain compared to yesterday. Why EMR, it pays a small but ok yield but dividend growth has slowed to 1%? I bought it as it is a classic. It is mentioned in most books I read. Intelligent Investor, Single Best Investment, and so on. I planned to follow it, but with fall this morning I figured why not. Other things I did was sell way OTM Puts on DIA and IWM expiring Friday. + +Are you or did you buy today? The market could keep tanking, but as it does, I'll keep buying. +After a strongly worded announcement, showing their focus on progressing Nechalacho and not getting distracted. + +What do the Rare Earth investors think of this one? There’s been a swift review & overhaul at Vital Metals since the Lionhead investment and Geoff Atkins ceasing as CEO. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I've been working in this factory for about two years now, and as much as I like the job it has been hard to make ends meet with my ongoing debt and alcohol problems. I've mostly been sticking with it because it's frightening to abandon a sure thing for something unknown, especially when I have no real savings or anything to fall back on, but I won't pretend that there are a lot of opportunities out there for someone like me anyhow. + +I was asked to come see the factory heads this week to talk about something, and I was terrified. I thought I was going to be reprimanded or even fired - that everything I had feared was finally coming home to roost, and that all my attempts to ward it off or make up for it had collapsed. Instead, they told me that they had noticed I've been the common factor in my line-team's success for quite a while now, and that they wanted to give me a raise to reflect it. It wasn't much, just another dollar an hour, but the practical upshot of it is that it will basically pay for my groceries each week on its own. + +I've spent the last two years in revenue neutrality at best, making just enough to survive while saving nothing. This new money is going to be enough to let me go back on the anti-depressants I had to abandon, or maybe even get an appointment or two with someone to help work through my addiction again. I don't know if my bosses know that I'm an alcoholic or not (there are many other people on the floor who are, and for whom it's an open secret with everyone else who works here), but they've still given me a real chance here that I do not intend to fuck up. + +I cried in that meeting, much to all of our embarrassment. At least they know I'm seriously thankful. Getting so worked up over a small raise is some /r/LateStageCapitalism shit, I guess, but it's *real*. This is the smallest thing that has ever had the possibility of changing my life, and I am fully prepared to let it. +&#x200B; + +[FUCK YEAH!!!](https://preview.redd.it/alqkvban3eu61.png?width=922&format=png&auto=webp&s=af6a23cfa6cc6d0e48e463766015b78083b5b21f) + +They have read all of the links I shared with them (I shared DD and some of the shilling). They want to know more. + +Specifically they asked if I have *'other links/research to send, please do'* + +I'm going to spend the night gathering more stuff to share. + +I don't need any help at all. I can do this myself. This ape is clearly strong alone. + +If an ape however randomly decided to post information relating to the below I'd check it out out of natural curiosity and might end up including it in my email back to the journalist, I would have found it anyway, all an ape would be doing is saving me a few minutes. + +* Dark pools +* Naked Shorts of GME + * Shares in market massively above the float, + * On threshold list x days, + * Sells allowed but not buys except by big investors +* Media manipulation +* Fake longs made out of options + +I'm gonna start by going through the DD compilation made by some of the Mods! + +EDIT: I DON'T THINK IT'S A GOOD IDEA TO SAY WHO THE JOURNO IS, THEY'LL GET ATTACKED ALMOST IMMEDIATELY BY SHILLS/LEGAL PEOPLE!! TYPICALLY THEY LIKE TO KEEP THE STORY QUIET UNTIL IT'S RELEASED + +EDIT 2: People are worried the hedgies may find out who I am... well GUESS WHAT, I'll save you some time hedgies! I'm just a BOY FROM BULGARIA!!! +After just buying more and more each week as it's been dropping, I now have a sense of accomplishment since I managed to obtain a full ether. + +So, that's something positive from all this. + +Cheers! +SHIB is grossly over valued, just like dogecoin was overvalued back in March, and everyone who called it out back then was spot on. + +Of course, the SHIB shills are peddling the narrative that it will go to $1. + +Currently, one SHIB = $0.00002715 + +To go to $1, it has to go up by 3,683,141%. Yes, it has to go up by 3 million %... + +To go to even 10c, it has to go up by 362,884% + +Apparently, there are 394,796,000,000,000 SHIBs in circulation. + + +Even at 10c, the market cap of SHIB alone will be over $39 Trillion. + +To be specific, a market cap of Thirty-Nine Trillion, Four Hundred Seventy-Nine Billion Six Hundred Million dollars + +Today, the entire crypto market cap is around $2.3 Trillion. So even at 10c, SHIB will be worth 20x today's crypto market cap. + +Firstly, this is not happening anytime soon. + +Secondly, this is not happening anytime in the future either. + +There is a higher probability of SHIB going to zero over it going to $1 or even 10c. + +Hundreds of shitcoins bust onto the scene during a crypto boom cycle, only to disappear during the bust. + +SHIB is a token that has no real value, apart from exploiting amateur investors and unit bias and traders riding it for quick gains. Almost everyone is in SHIB purely for profit. Many want over night riches and plan to hold till $1, which they believe will come soon.. many others are riding it got quick gains, and there is nothing wrong in that. Many shitcoins can give quick gains. But for them to claim there is something innovative or anything resembling new technology in SHIB is just delusional. + +The whole project is quite an exquisite combination of several pyramid scheme elements, and is quite well done. The devs have really delivered on their promise of making themselves rich. +I don't expect this to be super popular but I want to make it as a record to say I called it. + +The good times are almost up. + +Here's a long wall of text, don't apologise for it, no TLDR. Don't expect anyone to read this anyway. + +--- **Everything depends on treasury bonds and inflation** --- + +Don't look at the S&P as a PE ratio, but as a yield, so it's 1:1 with bonds. For example the S&P 500 has a 34.75 PE - in earnings yield 2.9% a year. The ratio between treasuries and the S&P 500 is called BEER (bond equity earnings yield ratio). + +Currently a 10 year US treasury yields 1.4% and S&P 2.9%. The yield on a treasury can't exceed stocks in the long run, who would buy stocks if they could do better in risk free bonds. S&P comes with risk premium due to downturns. + +Treasury yield are near all-time lows due to a number of factors including COVID and the fed printing $120b/month to buy securities. Low treasury yields make S&P look more attractive, driving up the price and down the yield. 2.9% is better then 1.4%. + +This relationship between treasuries, inflation and stock yields determines *everything.* + +Money supply has expanded rapidly due to massive printing. M1 massively, M2 slightly so far. As the velocity of money increases with reopening it guarantees M2 expansion. + +https://fred.stlouisfed.org/series/M1SL + +https://fred.stlouisfed.org/series/M2SL + +Wages are up, commodity prices are up which in conjunction with massive money printing *guarantees* inflation will at the very least run hotter then it was pre-2020 for an extended period of time. How hot... who knows? In 2019 it was 1.8%, so at a minimum we're looking at 2%, probably higher. Not hyper-inflation but hotter then before. This is a certainty. + +--- **The debt burden** --- + +The government funds itself with treasuries and so the yield it has to pay is a major deal. The US has $29t in debt, at a 1.4% yield that's $400b/year in interest payments. Manageable. At 14%, as it was in the 80s, that's $4t a year, almost as much as the entire yearly $6.5t budget. Unmanageable. + +This massive debt expansion gives very little room for the fed to manoeuvre, which makes it very predictable. The fed *cannot* allow inflation run too hot as it would bankrupt America. + +Given a choice between crashing the market and inflation it will crash the market. It does not have the option to do anything else, it cannot let yields rise significantly. + +--- **So what does this mean for stocks?** --- + +Remember: Inflation rate < Treasury yields < S&P yields + +PE ratios going up over last 30 years is not the result of investors randomly deciding stocks are worth more. It's the result of low inflation, therefore low treasury yields, therefore low S&P yields, therefore PE going up, therefore stocks going up. + +The US economy in real terms has been barely growing, a couple percent a year at best, the massive bull run over the last decade is not a sign of economic prosperity, it's almost purely multiple expansion. We're at one end of the pendulum and now it has to swing back. + +Inflation guaranteed to go up = treasury yields guaranteed to go up = S&P yield guaranteed to go up (PE ratio going down). + +The yield on a treasury can't trail inflation significantly and historically has sat above inflation. There are less buyers for something guaranteed to lose purchasing power every year. + +That means if inflation sits at 2.5% we're looking at treasury yields at a minimum of 3-4%. Which means S&P yield (currently 2.9%) has to sit up around 5-6%. This would involve the S&P losing *half* its value from relatively small absolute changes to inflation. + +Even the fed estimates inflation to be 4% in 2021 and 2% going forward which will be the absolute best case scenario. 2% inflation would still cause at least a 20% drop in stocks, probably much more. + +--- **Conclusion** --- + +Inflation running hotter is a mathematic certainty. Treasury yields going up is a mathematic certainty. S&P PE ratio (and therefore stock price) coming down is a mathematic certainty. + +The fed can choose to either fight inflation and crash the market, or let inflation run free and support the market. It will mostly choose the former, however we will see a bit of both. Inflation will run hotter then expected and stocks will fall. + +The market won't crash all at once bar some unforeseeable event, this won't happen overnight, it will gradually wheeze down as treasury yields adjust to the asset purchase taper and inflation ticking up. I am naming the upcoming event **"The Great Wheeze"** and I expect everybody to call it this. + +The underlying economy will keep ticking along relatively normal as before, so barely growing in real terms, but stocks will spend years in decline as treasury yields rise. People will recommend 60/40 stock/bond portfolios again. If you are looking to work in investment banks ask to join the bond division. + +I predict this will start within 12 months, probably accelerate early-mid next year and continue. + +--- **Is there a way to make money from this?** --- + +The problem with everything bubbles is there's less opportunity. Almost everyone is going to take a hit. + +Diversify away from US stocks, invest in low PE foreign markets with high underlying growth to counteract PE compression. Economies that aren't to dependant on exporting to the US is best. We're at the cusp of a new era in investment that will be defined by international markets. Commodity and defensive value stocks with decent dividends are probably solid. + +The other option is to hedge with 20-40% of your portfolio. Hedge against treasury yields going up (hello Burry) and the market going down. Goofy valuation stocks will fall the most. The problem is the market can stay irrational for extended periods of time. + +Holding cash is ok, but inflation will start to eat into its purchasing power. There's not going to be a sudden dip and then rebound, it will wheeze out for years, as it's not caused by some temporary recoverable event like COVID or the GFC, it's caused by the economic equivalent of gravity. + +The other option is markets don't collapse in uniform. Typically there's a cascade of collapse that starts at fringe markets and heads inwards towards the core. If you're holding stocks pre-collapse, selling them and buying in sectors that have already collapsed is another play. + +Best of luck fellas, catch you on the other side. +I had a massive personal apocalypse 3 years ago (I woke up in my body, it was intense and quite strange) went $12k in credit card debt with $6k in car debt. + +I switched careers 1.5 years ago and took a night job at Starbucks, got intent and payed everything off. I now have no debt and $7k in savings. This is more than I have ever had in my life. + +Managed to put 33k in an IRA but don't know what to do with it. + +Got myself into investing $7k in an IUL which I am hearing is not a good investment and should be dropped immediately. + +Take home is $3800 per month. +Monthly expenses are $1300 including rent, phone, car insurance and groceries. + +Right now I am just saving the rest. + +Not sure what to do with it. I have been looking at JL Collins and Mr Money Mustache and am looking at the FIRE path. + +Honestly, I am just tired and looking for some guidance as I feel I am too old to make another mistake. + +I want a modest house and to retire before 50. +What do I do to make that happen? + +I will gladly provide info as needed. Thank you in advance. 🙏 +I’ve been analyzing stocks that own streaming services and saw that WBD only had a market cap of 43.68 B while Disney is is valued at over 4 times the value of WBD with a market cap of 201 B. With the intelectual property like the DC universe and the streaming services they own, I think that WBD should be valued at the very least, half of what Disney is at. WBD still owns many great shows and movies that have a lot of potential for growth. So I was wondering if it is a good investment. What are you’re thoughts on this? + +(This is my first analysis on this subreddit so sorry if it’s super crappy) +Some may call this a PEG valuation method but I just wanted to share how Lynch has described it in his book and he pretty much explains that a company with a growth rate of 6% a year and a P/E ratio of 12 in an unattractive investment, however a company with growth projections of 12% and a P/E ratio of 6% can be attractive. In general, a P/E that is half the estimated growth rate is very positive and one that is twice the estimated growth rate is negative. + +This is calculated by dividing the long term growth rate by the P/E ratio. For example, say a company's long term growth rate is 15 and the P/E ratio is 10. 15/10 is 1.5. + +Lynch has said that anything less than 1 is poor, 1.5 is okay but 2 or higher can be a good opportunity. Let me know your thoughts. + +&#x200B; + +Btw, I have a video talking about it in a bit more detail if you want to check it out. + +[https://youtu.be/R9QJJRrBcAs](https://youtu.be/R9QJJRrBcAs) +To the Gen X'ers, Boomers, and those from the silent generation that are here -- are we headed for a complete financial crash? As a Millennial, I wasn't really old enough to understand or pay attention to the Dot Com crash or the Mortgage collapse. However, even during those times, Labor Force Participation rate was comparably high. Today it is the lowest it has been since 1977 (other than a brief period right when COVID hit). I have already begun to notice supermarket shelves are emptier than they were just several months ago. The price of my Dog's food is up 50% in the past 14 months. Fed is now projecting no rate decreases through 2023, higher than expected inflation, CPI, and unemployment figures (adding fuel to the low labor force participation rate) through not only 2023 but also 2024. The S&P is down 22% from its highs (NASDAQ over 30%). Stocks still trading at historically high multiples, despite lousy earnings reports more than likely incoming. Russia seems willing to win the war in Ukraine at all costs. Things escalating between China/Taiwan and the west. The two party system in the US is more hostile and broken than at any point in my lifetime. COVID still isn't over. + + +Am I crazy? Have things ever seemed this dismal in the past? Are we on the verge of some sort of reckoning? +Titano is a DeFi 3.0 developer that has created the Titano Autostaking Protocol TAP, as the foundation for its next generation DeFi products and services including to $Titano token. TAP makes Titano products easy to use, safe, and highly profitable for Titano token holders. 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Over 500 replies in one day is pretty good. I feel, for the most part, it sparked a lot of interesting conversation and debate the majority of which was mature. I feel a lot of people learned a lot today from the conversations they had. + +Let's keep this up and have more topics/conversations/mature debates like this one. +Be careful everyone, volume is not much higher pre-market than any other day. There's something suspicious going on here. I think Melvin are selling shares below market price to force the price down. Volume is pretty average for pre-market, nothing seems too out of the ordinary. I'd imagine Melvin are scared, with short interest reports being released in a couple days, they probably want to bring that price down to a number that won't hurt them too much when they buy back. Stay safe, and remember the golden rule: 💎🙌 + +Edit: Stop giving me awards, use that money to buy GME shares retards +I'm in the process of selling my duplex and I'm surprised at how poor comp method is for evaluating the duplex value. + + My duplex is in a nice area of town and nets 2250 for one side and 1500 for the other, total 3750$ a month and 45000$ a year. I have $4500 in taxes and $3000 for other op expenses (tenants pay most utilities). Yearly, I break around 36k profit. + +But because of the comps my realtor pulled, she is trying to convince me to sell for 280-300k, which would be a cap rate of around 12%, which is double the actual cap rate in the area of 6%. + +The issue is that the comps she is using are from less desirable areas that do not command rents as high as mine. When I asked her what the rents in those duplexes were, she just shook her head and said she didn't know. + +This is a blind spot of the comp method for duplexes, if another duplex rents for 1800$ total a month, why should I sell mine for the same price as that one? +I've been waiting to invest in LA and now I'm not sure if I'm going to. I co own a house in LA with an ex (she lives in it, I do not). The house is listed for sale but not getting any buyers do to a tenant in a back unit who isn't paying rent. I was considering waiting until October to legally evict and then buy her out so I can keep the house and use as income. But now, like many people, my plans are screwed. + +Wondering how others are going to deal with this? +Hello fellow Apes. I'm still a little shakey from what I just heard. MODs, I can provide proof of the voicemail for verification. + +So I'm at a bachelor party with some friends and was on a boat all day (caught a 20 lbs Chinook btw). When I finally get back on firm land, I checked my VM and i had a message from Fidelity Investments that they where giving me a Courtesy Call because I'm a GameStop (GME) investor and they are concerned about my investments. + +These guys really fucked up! They offered to liquidate my GME position for 10% on top of the current market price. + +WHAT IN THE ACTUAL FUCK!!?? + +They know they done messed up and are trying HARRRD to to fix their mistake and disguising it as a lame attempt to "protect" us and our investment decisions. + +The rep said that because I've been transferring to Computershare they are reaching out to others as well. + +We are getting so CLOSE! + +DRS the synthetics! NFA and again, i can provide proof + +Be well fellow Apes and it's time to get back the bachelor party +My company allows up to 50% deferrals to be paid out in full or across a pre-determined number of years after I leave. The money gets parked in an investment account similar to a 401k. + +Since I have no idea if or how long I’ll work beyond this job, is it worth trying to save some tax money now? Seems like a roll of the dice unless I’m sure if my plans, which I’m not. + +Anyone ever dealt with this? There’s an HR seminar Monday where I can ask questions. + +Any thoughts appreciated! +Listen everyone. People have been hyping today for weeks. I know we say no dates and for good reason. Personally I will hold and love the stock no matter what happens today. + +But the amount of FUD and shill attacks in the last few days, and the whole shit with the mods is all very coincidental, especially on the eve of the day we have been hyping. + +Its intentional! Theyre trying to cause confusion and doubt. Right before they attack us on the day we *think* is going to have some announcement. Even tho the head of blockchain pretty much said it'll be ready when its ready. + +Point is, go into today like any other day. They will probably try to hit us hard. Theyre getting desperate. They want to break us. Stay strong. + +Edit: they're trying really hard to push it under $177 + +Edit2: thar she blows.... Oh no, down $5, whatever are we going to do?.... + +Edit3: BOOM + +Edit4: looks like my morning poop prediction came true. Keep holding! + +Also another random thought. If GME hits $200 today we get to look forward to another massive attack... in u/Rick_of_Spades butt + +Edit5: damn I left for an hour, just checked the ticker, wut happened? They REEEEALLY want it down today + +Edit6: oh baby, last 15 mins they're hitting it hard + +Edit7: damn, hittin after hours hard too. Desperate last stand? + +Edit8: And I would hold GME for love, + +I'd run right into hell and back + +I would hold GME for love, + +I'll never fud to you and that's a fact + + +But I'll never forget the way shills feel right now, + +Oh no, no way. + +And I would hold GME for love, + +But I won't sell low + +No I won't sell low +I keep seeing posts like [this one](https://www.reddit.com/r/Superstonk/comments/mrc7qf/no_dates_stay_focused_remember_march_and_how_they/?utm_source=share&utm_medium=web2x&context=3) saying that 'they' used dates to bring us down back in March. Or posts talking about shills and FUD and heavier moderation for MOASS like [this one](https://www.reddit.com/r/Superstonk/comments/mr28a6/this_guy_semerien_knows_whats_up_ignore_the_fud/?utm_source=share&utm_medium=web2x&context=3) or [this one](https://www.reddit.com/r/Superstonk/comments/mr386y/increasing_karma_requirements_for_the_sub_during/?utm_source=share&utm_medium=web2x&context=3). + +The simple truth of the matter is that we have tons of misinformation and confirmation bias floating around and we're just FUDding ourselves. The perfect example is the dividend nonsense which flew around the sub like a whirlwind before people finally found the [good DD](https://www.reddit.com/r/Superstonk/comments/mqmsvf/re_gamestop_2021_dividends_speculation/?utm_source=share&utm_medium=web2x&context=3). + +The same goes for this wild information going around about share recalls. Both Fidelity and Vanguard have provided different dates for a 'recall'. [Vanguard is supposedly](https://www.reddit.com/r/Superstonk/comments/mpduvh/i_know_we_dont_do_dates_but_i_have_a_feeling_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) expecting a recall on 4/20 while [Fidelity has flat out said that the Record Date is today 04/15](https://www.reddit.com/r/fidelityinvestments/comments/mqz9ne/hot_topic_gamestop_corp_gme_proxy_voting/?utm_source=share&utm_medium=web2x&context=3). . These posts with varying dates are contradictory and leading to FUD. + +Let me break it down. + +Last year Hestia Capital **ESTIMATED** the Record Date to be 04/20 in a 14a filing on 04/06. They wrote: + +> According to information GameStop has provided to custodial banks, brokers and other intermediaries, we **BELIEVE** GameStop has set a record date of Monday, April 20 for the 2020 Annual Meeting. + +The Record Date wasn't released until 04/27 in the Definitive Proxy Statement which is 7 days **AFTER** the Record Date and 2 weeks after Hestia estimated the date. This year no one related to the company has filed documents to identify the Record Date ahead of time. Instead, we only have responses from a handful of broker's customer support that highlight 04/15 and 04/20. + +The problem with the Vanguard and Fidelity dates is that if Fidelity says the Record Date is 04/15 then all shares must have been recalled by that date. That also means that Vanguard's date of 04/20 cannot possibly be a recall date, since it is 5 days past the Record Date. + +**WHY HAS THIS CREATED FUD?** + +There have been countless posts on share recalls and, most importantly, BlackRock recalling shares. I've seen posts everywhere and all over Twitter this morning. I'm not going to link to any of them because I'm sure you've seen them all by now. + +There was so much misinformation going around about GME recalling all shares or validating shares which was just false. Then, after everyone has been screaming about not using dates, people start posting meme after meme about McDonald's Day, or Tweets from DFV or Cohen with some wild Tinfoil theories about diamond swords and companies in a picture being related to overstock who issued a crypto dividend so suddenly 04/15 and 04/20 are huge dates. + +**THESE POSTS WERE NOT MADE BY SHILLS. THEY WERE MADE BY US. BY PEOPLE WHO REGULARLY POST IN THIS SUB AND ON TWITTER.** + +Back to the FUD. There have been several posts like this one [from last night](https://www.reddit.com/r/Superstonk/comments/mr5s1k/blackrock_vanguard_and_fidelity_are_going_to_nuke/) that are still theorizing that BlackRock and Vanguard will cause the squeeze with a share recall. Despite there being [posts like this one](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/?utm_source=share&utm_medium=web2x&context=3) that attempted to nail down the Record Date. I didn't even see this one and its many, many edits till just now. Something like that should have been pinned as something to read before posting about a share recall or posting about dates. + +All of this means that shares need to be in their possession by **END OF DAY TODAY.** That also means that shorts would have had to have covered by **04/13** to have shares settled by today. That means that posts like the one from last night, while hopeful and exciting, did nothing but create a FUD opportunity. + +Everyone is expecting 04/15 and 04/20 to be huge dates because of all the memes, the fun 4/20 6/9 blaze it jokes, and all the DD that gets blasted to the front page without any fact checking or [counter DD](https://www.reddit.com/r/Superstonk/comments/mq1g5e/vanguard_dont_have_voting_rights_for_most_of/?utm_source=share&utm_medium=web2x&context=3). These are all documents that has been available for weeks and months now... + +04/15 is going to come and go without any huge movements from share recalls and people are going to be depressed and sad that absolutely nothing happened. **That's FUD**. + +**MY POINT** + +I think we need to see way more moderation for the DD and maybe cut back on the memes that are hiding good DD. I keep seeing people saying to do your own DD, which I get is hard, but at the very least, stop mindlessly upvoting DD anytime you see rocketships or a feel-good theory... + +**TL:DR** + +We make our own FUD with lazy DD and wishful thinking. + +We need to stop sharing memes with dates because they get thrown around like facts. + +It's not the date that's the problem it's the bad DD. + +EDIT: + +I wanted to [highlight this comment about the dates for record and recall as information that I hadn’t seen before.](https://www.reddit.com/r/Superstonk/comments/mrhqll/were_creating_our_own_fud_a_plea_for_more/gunbeyy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) +For context: I have an individual brokerage account with roughly $300k, maxed out 401k and Roth IRA, and an emergency fund of 1 year for my primary residence, plus expenses. + +I keep most of my savings in the market, with little outside my emergency fund. I'd like to purchase a rental, but don't want to sell my stocks and trigger a taxable event (plus they'll keep appreciating). + +I can withdraw cash on margin from my brokerage for 1.5% interest. If I withdraw $50k to use as a down payment, I can leverage that 5 times while also allowing my portfolio to stay in the market. The risk is if the market tanks and I get margin called, though the market would have to fall about 50% before the margin call - unlikely. + +Am I a moron? +I’m having more problems than expected in a multifamily property (duplex) I own. + +Bought for $260,000 6 months ago. Rent is roughly $3,500 total. Mortgage is $1,800. + +Basement just flooded, walls need to be redone. Animals (mice, squirrels) throughout the house, need pest control. Furnace needs to be replaced in a few years. Exterior siding is asbestos siding. Roof needs to be redone in 5ish years and gutters. All in all, seems like a lot of work is needed, which some of it I didn’t expect upon purchase. + +I guess my question is when is it time to accept that you made a bad investment and take the loss? I’m also considering the real estate market where valuations are decreasing a little and rates are through the roof. + +Any suggestions or feedback is greatly appreciated. + +EDIT: for more context, I own several multi’s. Just starting to feel like this one may be a money sink. $8k in expenses so far without any of the above issues taken care of. +I listed the current value of my Coinbase account and self custody crypto along with things like stocks and retirement accounts as assets on a bunch of recent mortgage refi applications. Was shocked that out of all the places I applied that my credit union accepted it and treated them just like my stock account, valued at 70% of market price. They asked for 3 months statements from Coinbase and the public addresses of any self custody holdings. + + +I'll take this as yet another sign that mass adoption is right around the corner. +This is a psychological game at this point. We like the stock, and the math is telling us that they are fucked. + +Do yourself a huge favour and don't freak out until this starts getting at least into the hundreds of thousands of dollars per share. + +Like they say, if you can't handle me at my squizzle, then you don't deserve me when I squozle, so let's all just put up our feet and enjoy an ice cold Carlsberg, this is just the undercard. + +Edit: I should say, excitement is good, just be in control of your emotions is all. +I hear billionaires/ multimillionaires have houses with bunkers in New Zealand and private jets on standby? I understand that might be an option for UHNWIs, how about so.eone with more limited means? Bunkers? +Hi, just wondering what the end game is with everyone’s current rental investment portfolio? The way I see it there’s only 3 possible outcomes: + +1) Buy properties, pay off the mortgages, live off rental income. This would take the entire amortization period to come to fruition so up to 30 years + +2) Buy properties, refinance some, live off from rental income & equity. This is the same as above but obviously some properties will still hold some debt. + +3) Buy properties, refinance a few; buy even more properties, sell a few to pay off the rest. + +So my question is what’s everyone’s end game and what’s the best way to accelerate it? +I (35M married with 1 kid) am writing this post with tears (of gratefulness and joy) rolling down my cheek. I just paid off my primary house. I was doing my net worth spreadsheet and realized that we have just crossed **2 Million dollars** in net worth. I wanted to share my story as I reflect on the past. + +**0-9 years: Absolute Poverty** + +Born in poverty. We (6 people) stayed in a 200 sq ft. [chawl](https://en.wikipedia.org/wiki/Chawl) (one step above slums) in Mumbai. 60 families shared 8 toilets. YES! Mom and dad slept in the kitchen (for privacy) and me, my younger brother, grandparents slept outside. + +**9-13 years: The High** + +My dad was a stock trader and lucked out during these years. He essentially 40x his investments in these years. He bought a 2 bedroom flat in an awesome (upper middle class) location fully paid off. I made some really nice friends who motivated me to study, get good grades, guided/mentored me. This was game changing in a way. + +**13-23: The decline** + +This is when things got bad for my dad and he started losing money. He lost everything he had in the 2 years and from then he kept borrowing money. He borrowed money to pay existing interest. Things were super tight. I became unbelievably frugal because of this. I DO NOT SPEND MONEY because of this. This period scarred me beyond imagination. This is what burnt the desire to FIRE in me. I really wished to make my life "Money independent" from this point onwards. Everyone in the family is scarred because of this experience. Dad got diabetes. Mom has a passion for travel. She felt super stuck and helpless as we could not travel anywhere. She started doing jobs and side business (tutoring) to fund her passion for travel. + +**Jan 2009: Rock Bottom** + +I had finished my undergrad. I had enough of this and decided to take things in my hand. Out of all the options I had, I decided to pursue coming to US for Masters as my way to get us out of this horrendous situation. I got admits from decent schools (top 15 universities). But we did not have the money to pay the fees. My dad helped with borrowing some more money ($10000) for the first semester. We did not know where we were going to get the rest of the money from. I come to US. 1st semester I worked like crazy. Took 5 courses. Got a 4.0 GPA. Then comes January and time to pay fees for the next semester and I had nothing. This was the longest month of my life. I tried and tried anything and everything I could, cried like crazy. I don't see a way out. I dint have money. My family was running out of money, as no bank would give them more money to borrow. My dad owed about $60K in high interest debt in India. Finally, he decided to sell our house (worst timing to sell). Stock market is crashing as well. + +**Feb 2009: Hope** + +I had knocked on every single door of all the buildings (yes ALL!) offering my resume asking if they needed some help. After a lot of hard work and sheer brute force, I finally had my GOD moment and was offered a teaching assistantship. With that, I would get $1600 monthly stipend and no tuition fees. My monthly expenses were $500. My dad sold our house and paid off the debt. They moved into a rental. I was supporting them by sending $500/month for their expenses (rent, living expenses, brothers education etc) and saving \~$500/month. + +**25-35 years: The rise** + +US is truly the land of opportunity. I am truly grateful for having landed here. I graduated. Found a job. started with salary of 80K/year in 2010 and currently at $350K/year. + +EDIT: + +Fire Net worth journey since last year: [https://imgur.com/a/ixbXVR3](https://imgur.com/a/ixbXVR3) + +Also: Note We went from 1M to 2M in \~1 year. CRAZY! + +Tech worker in Bay area. Benefitted massively from real estate appreciation and tech stock gains. + +2011: 92K (Bay area) + +2012: 97K + +2013: 102K + +2014: 106K + +2015: 135K (job change) + +2016: 160K (job change) + +2017: 240K (job change) + +2018: 265K + +2019: 310K + +2020: 350K (currently) + +**Current Situation** + +**Paid off house:** \~550K + +**401K and IRA:** 500K + +**Stocks + Cash:** 1M (SPY, VTI + few individual stocks (15%)) + +**Expenses:** 30K - 36K. With a paid off house, we live a pretty comfortable life currently. The expenses will go down even more when my son starts going to public school. + +I enjoy what I do. I am a manager. Job is relaxing. I work 4 days a week (officially). Don't work more than 5 hours a day. Not planning for another kid. Drive a used 2010 sedan. House in an excellent school district (10/10). I consider myself as being Financially Independent (or close to it) at this point. Planning to buy a rental property (full cash) soon which should give us about 2K/month in passive income. + +EDIT Note: I worked my butt off in the early phases of my career. I used to be a workaholic from the fear of losing my job, layoff etc. There was just a lot of insecurity. The best way that had worked for me was to work HARD. As I am closing in on my FIRE target, I have started prioritizing fun. I am at this point where I have enough goodwill and trust built up that I am able to work 20 hours a week and still get paid what I get paid now. + +With this post, I mainly wanted to share my journey. Hoping that it gives a ray of hope to someone who is going through a dark time in their lives and thinking that they would never be able to FIRE. I also have a few questions: + +1. I really really want to buy a Tesla (60K) but the frugal part in me does not allow me to buy it. Has it happened to you? Do you think I am in a good situation to buy one? +2. For most of my life I had been in a situation where money was my goal. Now that I have enough, I do not feel motivated and do not know what to do with my life. Almost feels like my life has no purpose or trying to find a deeper, non money related life purpose. Has someone gone through a similar experience after being FI? +3. Passive Income > Expenses: Really want to work on making my passive income from dividends, rental income (WIP), Amazon ebook, App Store etc. greater than my expenses. How have you gone about doing this? + +&#x200B; +It seems to me that beyond a certain level of wealth, individuals (and corporations) can choose how much tax they want to pay by moving money around the world. + +The ones that are are more moral pay the most by paying in the countries where they earned their wealth. + +It seems like the better the person, the higher their tax bill...we are literally taxing “niceness”, which seems to make no sense at all. + +Is that a fair assessment? Is there a solution? + +What if such practices were held in the same contempt as child neglect or drinking alcohol and driving? Would reputational damage do it? +(excuse me if this is too much a basic question for here) + +&#x200B; + +but how were people in early 1900s able to buy dress suits so commonly? + +when you see movies or video clips of the early 1900s, all the people would be wearing + +dress clothes and dress shoes as an everyday wearing, but dress clothes and + +dress shoes are pretty expensive even nowadays. + +were the price of clothes of dress suits & shoes compared to wages not much different compared to nowadays? + +how many pieces would an average person own those days, when they wouldn't have + +washing & drying machines +I was taught that the great depression was a time of great deflation and that it was terrible and that central bankers fear deflation as it can spiral with popular sentiment and it is hard to escape. + +With the current talk of inflation and the historical example of stagflation in the 1970's in the US I never (except for some people popularly disregarded as alarmist) hear fear of inflation spiraling out of control because of macro factors and primarily sentiment... + +Are they equally possible, scary, related to sentiment and confidence? Are they not also equally reversible (perhaps with unintended consequences)? Is the fear of deflation from a time before Quantitative Easing (gold standard makes QE more difficult...) and should neither deflation or inflation be feared because central banks can counteract them? Is there human thought and behavior traits that make one situation less likely than the other? +Disclaimer: I am an ape who just learned how to form complete sentences. Please provide any counter evidence to the following theory. + +There's a lot out there that the 49% loss on Melvin seems sus in regards to timing and the seemingly "too good news" especially with the way things have been going. Several OPs suggest that this could be a distraction or a setup for a fake squeeze soon. Both are entirely plausible and I am currently attempting to scour additional records to see if something was swept under the rug and not picked up by MSM. + +In the mean time, I have another plausible theory. Anybody notice that the SEC rewarded 2.5M to a whistleblower Friday which corresponds to the release of this terribly embarrassing information. If you look on the SEC website, there is an interesting excerpt from the press release. + +“The whistleblower in this matter provided key evidence that supported charges related to a breach of **fiduciary duties owed to investors**,” + +Fiduciary duties means legal duty to act in the best interest of investors, including reporting significant losses. + +Additionally, there was **more than one** individual who were awarded on Friday. If you look on the SEC website, you will actually see 2 documents with sequential file numbers but with **identical wording** and heavy redactions. We saw the 2.5M award but the other individual was awarded 30% of an undisclosed amount. + +[https://www.sec.gov/rules/other/2021/34-91525.pdf](https://www.sec.gov/rules/other/2021/34-91525.pdf) + +[https://www.sec.gov/rules/other/2021/34-91520.pdf](https://www.sec.gov/rules/other/2021/34-91520.pdf) + +Additionally, this series of awards are related to fraud towards **RETAIL INVESTORS SPECIFICALLY** (taken from the first document) + +"Claimant provided new, detailed and firsthand information that significantly contributed to the Commission’s ongoing investigation, including critical documents. Claimant also provided continuing assistance to Commission staff, which helped the Commission shut down an ongoing **offering fraud preying on retail investors**. There also have been no collections to date." + +It is entirely possible that Melvin was planning on not reporting this loss and the whistleblowers forced their hand. Crazy theory, but not out of the realm of possibility. + +I will continue to scour the records for anything else. + +Edit 1: So ill add in a few good counterpoints from the comments. These whistle-blower may have more to do with the $227M Ponzi scheme whose orchestrater was arrested on Monday of last week, not related to Melvin. Also It definitely makes sense that an whistle-blower award would not be paid out on the same day as typically these are paid out at the end of an investigation. Always appreciate some help loosening my tin foil hat. + +Edit 2: Added disclaimer at top. +&#x200B; + +[Congratulations u\/woke0rthadox!! 🖼🏆 Resident Ape Artist Extraordinaire! ](https://preview.redd.it/ypoy3m3fyru61.jpg?width=1600&format=pjpg&auto=webp&s=775dff2c4e72baf6b99f2e1dbc858dd1a6f8753e) + +&#x200B; + +&#x200B; + +[\\"See you next week, San Diego. Thanks for stopping by ... \\"](https://preview.redd.it/7u7256sp6su61.jpg?width=1080&format=pjpg&auto=webp&s=dc5b3ad2568bc62632161848c2f6a5255ab29853) + +... and stay tuned... an **Ape Art Gallery** is on the way - a vartiable Musée d'Ape - to showcase all 128 banners (and more)! And a number of other fun sub-initiatives in the works too. 🖼🖼🖼 + +**Thank you** to everyone who participated, apes, ape artists, and mod apes for all your work and your tremendous contribution to this beautiful congregation of apes! 🙏🦍 + +**Profit to the People! Power to** ***you*****, Players!** 💎✊ +My wife and I both work full time with 2 kids in our mid twenties. I make $74,000 a year + $5,000 bonus as a marketing consultant. I also have a 9% 401k match. My wife makes $42,500 + $8,300 bonus as an elementary teacher (she can also earn another $5,000 a year for teaching summer school). I also have a side hustle I’ve done for a few years that generates another $10,000 a year. In all, we will make a little over $140,000 this year once we get our yearly raises. + +I feel like we both could be paid more. For my wife it would take a career switch, for me it would just take some work applying. We live in a LCOL part of the country and our biggest expense is daycare at $1,130 a month, even with owning a 1300 sq foot house. In a non bonus month, we take home a little over $9,000 and of that no more than $4,000 of that goes to expenses. On average we put $1,053.11 per my paycheck into my 401k (including match, 26 checks a year), $1,000 into Roth IRAs (maxed both since 2018) and at least $2,000 into taxable accounts. Our oldest stops daycare in May, so our free cash flow will increase by $550 then as well. + +I feel like any job one of us got would only increase our savings, not our life style, and we already save over half of our income. Should We strive to leave comfortable jobs for a higher salary if we are doing well financially? +I’m from a third world country. And making 2-5% daily over the course of a month would be absolutely incredible for me. + +Let me know some strategies which has helped you. +I’m 19 and have been investing for a few months. I keep reading that VTI is better than VOO. I have a position in VOO already but should I start investing in VTI since it’ll be better me for the longer run? I’m looking at least 30 years from now. + [https://nypost.com/2020/08/22/serial-grifter-avoids-eviction-from-womans-nyc-home-suit/](https://nypost.com/2020/08/22/serial-grifter-avoids-eviction-from-womans-nyc-home-suit/) + +Past records indicate she is a serial squatter and has put many landlords into debts. It is very important to screen your tenant especially now since eviction moratorium will likely extend due to pandemic. +How would you go about doing this? I want to make good money where I can support a family and still live comfortably and I feel like 120k/year would do the trick? I have seen articles online saying that they've worked for a long time and have only built up 4k a month cashflow. How do I expand and build a steady income of around 10k, preferably higher of course if I am just starting out from square one? +Right now spending time dealing with Aetna, which has referred my doctor's request for a PET scan to eviCore, a firm that seems to be mainly about providing reasons to deny tests. There has been similar behavior in the past with Aetna too, trying to reroute tests to downmarket scanning places rather than the hospital requested by my doctor. + +I moved to Aetna (spouse's insurance) when I fatfired last fall; at my longtime job, we had Blue Cross Blue Shield and it was pretty good. Additionally, if insurance was causing problems, we had the option of a patient navigator and even calling HR who would intervene. + +Is there such a thing as a fancy health plan where these kinds of denials will happen less and they trust the doctors? We're not comfortable going without insurance and just paying cash. Husband may leave his job as well at some point and I imagine the insurance options on the private market or exchanges could be even worse than what we're dealing with now. Thanks in advance for any thoughts . . . + +Edit to add: We do have a concierge doctor we like a lot. +My brother purchased a new Corolla from the Toyota dealership last weekend. He was getting a good financing deal at about 1.7% but was told that if he can put more money down, he can qualify for their promotional 0% APR. He managed to scrounge up the extra needed for 0%, signed everything, and got to go home with 0%. Today, he gets a call saying they made a “mistake” and that he should be getting 0.9%. My brother wasn't able to give me a detailed explanation of their mistake but glad he at least informed me, as he was about to drive 50 miles to correct a mistake **they** made, which is not fair to him. + +I don’t trust dealerships. I hate everything about them and things like this confirm why I don’t trust them. I am going to suggest to my brother to have them send their request to change the contract in writing. Specifically, have them highlight areas in the contract where they believe they made the mistake and a full explanation of the numbers as to how it was a mistake. Also, have them highlight the areas in the contract that give them the right to cancel such an agreement. + +My question to r/personalfinance is: How often do dealership make these “mistakes”? What should be the best course of action? Is my suggested action above best? My brother is young and goodhearted, so I worry about a potentially predatory dealership exploiting him. Thank you all in advanced. + + +**UPDATE:** My brother shared the contract with me (FYI, this is in CA). There’s a line that states *“After this contract is signed, the seller may not change the financing or payment terms unless you agree in writing to the change”.* That line had me ready to tell my brother to have them pound sand. However, there’s a “Seller’s Right to Cancel” clause, which stipulates that seller agrees to deliver the vehicle once the contract is signed but *“…agree that if the Seller is unable to assign the contract to any one of the financial institutions [in this case, Toyota Financial Services]…Seller may cancel the contract.”* An astute commenter (forgive me for not remembering) linked me to Toyota’s deals website, where I learned that the specific Corolla [hatchback] he got cannot qualify for 0%. Rather, it is for only 0.9%. Reading other parts of his contract and from other online forums around this issue, telling them to kick rocks was no longer the best course of action. A great suggestion by many here that worked best for our situation is that they reduce the amount financed by the amount of the 0.9% APR so that the final cost of the loan is exactly what it was with 0% (in our case, $400 off). Also, requesting some form of accommodation or compensation for commuting over 70 miles round-trip to correct their error. Prepared, I joined my brother on a call to the finance department. Finance guy confirmed what I expected, by saying that the Corolla cannot qualify for 0% by TFS, only 0.9%. It was their mistake that they had let it get that far. He also confirmed the “Seller’s Right to Cancel” clause, saying what I said above. After venting to him how absurd it is that no one on their end questioned the 0% deal and how, if the shoe was on the other foot, they would laugh at us if my brother made a mistake, we asked him what he is going to do to remedy our situation. Surprised, he knocked the price down by $500, a 100 dollars more than what I was hoping. Although he couldn’t send the papers for our signature, my brother was okay heading over there if they fill up his gas tank, which they agreed. In the end, my brother got what he wanted in paying for the car. + +All turned out okay but my distrust with dealerships will continue. The stupid ritual of having them step away from the desk so they can run it by their manager is a ridiculous negotiation act, not to mention the unscrupulous actions some dealerships do to exploit the buyer. Their approach of having the consumer think only about the monthly cost, never the overall price only serves to benefit them. I could go on, but I’ll end this post by saying that dealerships are a scam where the middle man benefits at the expense of the consumer. IMO, they should be outlawed. +Well well well well wellllllllllll well. + +Where do I even begin? I'm high, tipsy, and just trying to come to terms with this past weekend. I saw my father for the first time in over a year today. Some of you know me, some of you don't, so I'll give you the quick rundown. Pops is a former MD at a major Wall St firm, reserved and skeptical boomer, who at the same time loathes market manipulators and regulatory bodies. BIG YUGE long-on-GME ape-loving genius boomer. He has his biases, but he's objective to a fault, and this weekend marked an enormous change in our relationship. I've legitimately been on the verge of tears for the last six hours just thinking about what you guys, and he, mean to me, and how on Earth I was going to try to structure this post. + +So I've decided... not to, really. I'm just going to tell it stream-of-consciousness as I felt it, not as I "wrote" it. You can choose to take from it what you will. Take inspiration, take resilience, take whatever, or nothing at all. I truly don't care. I've been found and contacted, received buyout offers, received threats, received threats about revealing threats, it is what it is. What happens to me, you the reader, or any of us, is out of our hands. We stand and fight and what happens happens. But this weekend changed me, so I'm gonna be telling it like it is. Warning: this is gonna be LONG. If you don't want to stick around, I don't blame you. This is just a story of a kid finally meeting his dad on common ground, and there are plenty other BRILLIANT posts. For those still interested... + +My father and I's paths to Finance were vastly different. Out of college, he was pursuing an entirely different vocation before switching to Finance, whereas I went towards it directly after school. He had his MBA before setting foot on a much kinder Street. Whereas mine marked the end of my appetite for endless moral qualms and empty bottles. So he settled in as a much more journeyed and composed adult, whereas I floundered. I tried to salvage it with a graduate degree and a focus change, but it did nothing for me. To this second, my parents still don't know that most of the time they thought I was on the other coast of this continent doing consulting work, I was on another continent(s) working for a couple public sector entities. International Relations was always my greatest educational love, so I wanted to try my hand at humanitarian/peacekeeping work, and enjoyed it a great deal. If I lost a tooth, I'd tell my mother I took up boxing and had a rough day sparring. Or that my constant cough was a result of change in climate and not pollution. If they ever read this, it'll be the first time they've heard. Still haven't decided if I do or don't want them to ever find out. + +Eventually, that experience broke me down, and I returned home to pursue an entirely new industry and career path, which I also love. Diving into behavioral economics and data science has been incredible, and GME couldn't have hit at a more perfect time. Y'all are everything to me, truly. I had barely even dabbled in investing since I'd left the Street, and you not only brought me back full tilt, but have also shown me what I want to do for the rest of my life. As a thank you, if I can, I want to give you the most insight I can into a genuine battle between the skepticism and disbelief that comes from age, wisdom, and shattered expectations, and the hope, optimism, and doggedness that can only be born of youth. + +We discussed everything. [/u/atobitt](https://www.reddit.com/u/atobitt/)'s prescient HoCs, leavemeanon's speculations regarding ETFs and arbitrage, sovereign wealth funds divesting from USD, Fed divesting corporate bonds, MSM brainfarts, etc. You name it, we went over it. And after it all, he was still cautiously optimistic. You have to understand... this man was not born with a silver spoon. I was, thanks to him. He busted his ass, one of many kids, and ascended to the top of the industry. He earned every dollar he ever made, and I would put his moral compass up against anyone else's on Earth, and that's "on God", as the younger apes say. So while he was there, he was able to benefit from having the power of the system behind him. But once he was out, he was just another John Q Public. No matter how he worked, that was how he lived. And he would always tell me, same as you'll hear on Superstonk, "Nobody is your friend. They're always gonna step in and bailout the offender, because it's easier than the alternative." + +And he planted that notion firmly in my head. Thankfully, 6 months with you glorious bastards has eradicated my doubt.... But I was a kid in 2008. This dude lived through '62, '73, worked through Black Monday, Black Wednesday, Dotcom, and, with all that knowledge, watched '08 unfold in front of his eyes with complete and total understanding of the fuckery afoot. He saw, as he calls it, the government's preferred method of "dealing" with these situations. Stepping in and "taking over" the offenders. Years later, those offending institutions are right back to their old game. No justice for retail. NEVER. Like you guys say, they're ALL out to get you, you have no friends in this game, you can't win.... + +"But," I asked, "What if they CAN'T step in and unwind this?" He asked why that wouldn't be possible. So I explained that, if everything we'd just discussed was accurate, there are, at minimum, hundreds of other mini-GME bombs out there just waiting to detonate. The SEC abolished grandfathering/"forgiving" phantom shares in 2008 after the Overstock situation was exposed, swearing they'd never do it again. So...let's say they decided to do something similar and spit in the face of their own regulations. They step in and shut it down, forgiving all those shares. So now you've pissed off 5+ million retail investors, dozens of sovereign nations, and everyone is frothing at the mouth, calling for heads to roll. People might already be out in the streets, orchestrating massive movements that co-opt the many already-existing groups of citizens with massive disdain for the current system.... + +And while that's happening, you've still got hundreds of other companies shorted to the tits that you need to address. What are you gonna do? Start working your way down the list, giving Wall St a do-over on every last one of them? Try that shit with the whole world watching, as their retirement accounts tank 60%, because that's where it's going regardless. "So how do they fix it piece by piece?" + +That was the longest silence of my life. I had gone full tin foil, as far as my family is concerned. I was making connections that bordered on irresponsible, but I hadn't been immediately shot down yet. My father has this..... very judgmental expression that he somehow limits solely to his eyes. But even those alone just scream "You're an idiot, but I love and pity you." Instead, I was now getting "hold on, lemme think." Then he said it. "**They cant.**" + +This was the breakthrough that I'd been searching for, without knowing it was there. I had no idea that his mental block as to the possibility of a deviation from the status quo hinged on the severity of a situation. He had never seen something THIS systemic before. There was always a culprit, or culprits. I was able to convince him to buy in because he believed in the fundamentals, but he never REALLY believed that it had the capacity for such a monumental squeeze until just now. Because by his view of the government's favored "M.O.", they would just step in and take over. Well, if the government needs to "own" Fannie Mae, Freddie Mac, the ten largest banks, most hedge funds, the DTCC, and every other large regulatory and clearing institution just for their citizens not to be destitute, maybe it's time they just take the whole thing over, eh? + +He agreed that this course of action was simply untenable. "So...what's the right play?", I asked. + +**"I don't know."** + +Not sure I've ever heard those words from him before. + +With all his somberness in how he said it, his eyes somehow brightened. Like..... somehow, the fact that his brain didn't IMMEDIATELY take the skeptic's path amused and enthused him. We are different. We were born with this hope, this insane belief that we could somehow claw our way through all the bullshit to a meaningful existence, all thanks to beautiful internet movements like this one. His eyes now screamed "there's something to this. I don't know what this feeling is, but for once it's not disappointment." It was beautiful. I don't think I've ever been more ecstatic to score such a small victory. + +This was his core tenet. After all, one of his favorite quotes is a Superstonk staple, by J Paul Getty: "If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem." He was amazed that they may actually have dug the hole THAT fucking deep, and he just opened up. He actually entertained a MODERATE amount of my tinfoil! We talked about how the implications of this..... + +Okay, time out. I gotta address this. To the "the market is not the economy" squad: FUCK YOURSELVES. When the hole is THIS deep, it penetrates not just the economy, but geopolitical power dynamics. Take, for example, our relations with South Korea and Japan. When I informed pops that the Russians had divested their USD holdings, he commented about the paltry amount that was compared to an entity like China. Come to find out, Japan, one of our most important allies, holds more US treasuries than the mother fucking PRC. And how Korea had abolished naked shorting a month after learning of its existence. Whereas their greatest strategic ally was allowing this behavior to continue unchecked, to the point where U.S. markets collapse, cascading and destroying the Korean market in turn. How many sovereign nations must we betray before everyone turns on us? How many global citizens must we disenfranchise before we are exiled from the global community? Okay, sorry, moving on!... + +Dont take this the wrong way....but my father hates Europe. Well...mostly France. I kid I kid. He's one of the most inclusive dudes ever. But he's also a rurally-raised, All-American boy that jokes about soccer being communist and the French rifles being "never fired, dropped once". Truly all in good humor, but he's just...that dude, you know? But that dude, swear to god, actually said "If they actually stepped in and stopped this from happening....I really don't know why anyone wouldn't just immediately move to Europe." + +Blew my mother fuckin mind, y'all. I can't even put it into words. + +He drew a connection this weekend. He's a huge golf fan. His favorite golfer is Brooks Koepka, who hates this other golfer Bryson DeChambeau, who hates him back even more. Pops was THOROUGHLY amused to find out that Koepka was offering free beer to people that taunted DeChambeau on social media. He then likened that situation to the power of the GME memes I'd shown him courtesy of Reddit and Twitter... + +He was getting it. He was seeing the value in our way of doing things, and the power it has on society. How it drives engagement, involvement, INTEREST. Leveraging the fascination with social media to drive REAL interest to a cause. + +I don't know what's gonna happen for sure. Neither does pops. All we've managed to see eye to eye on is that the government has two options. In either, the current system goes away. Either you leave retail with one last giant "FUCK YOU!", leaving millions disenfranchised and destitute, chomping at the bit for politician and banker blood. Or you give retail a win. One fucking win, as a gesture of good faith, that whatever new system that arises from the ashes of this fraudulent one might be the SLIGHTEST bit friendly to middle America. + +Pops was mystified by the lengths we were willing to take this. 6 months of endless fuckery. 24/7 FUD, no safe harbor in sight. And still we persevered. He believes that we've finally reached Malcolm Gladwell's "Tipping Point", that us 20% of people were finally doing the 80% of the work necessary to meet the Pareto Principle. That the citizens of the world finally had sufficient interest and involvement to to drive undeniable change. And that that is what we are seeing right now. There are so many eyes, so many fingers, so many minds on this trade, there's no way to lose. We have no liquidity requirements. We have no deadlines. We just BUY. We just HODL. That's all there is. That's all there's ever been. Apes have awakened and discovered this principle, and they truly believe it. Pornstars are posing with 'The Intelligent Investor'. Floyd Mayweather is wearing CRYP70 shorts into his fight. I'm personally seeing Shibecrap headlines by boomer news anchors on NYC cab screens. This shit is really and truly mother fucking unprecedented. + +History doesn't repeat itself, but it does rhyme. Much like the boom/bust cycle, the wave recedes only to crash harder the next time around. The proletariat is only docile until they're not. Is this the wave that levels everything? + +**"I don't know. But it's sure gonna be interesting",** pops said. + +**I'm not sure I can properly thank you all for opening my father's mind up to the idea of a decentralized movement triumphing over entrenched power. I really, truly, deeply, and forever will love each and every one of you. No matter what happens, I know what I want to dedicate the rest of my life to, but I (and papa Brov) are pretty damn bullish about the fact that apes have adopted an entire second job to combat fuckery.** + +Which brings me to my last point. I know you are all just as flabbergasted as me that we've managed to beat hedgies into submission when this isn't even our day job. But that's just the point. If you're still reading this, you've dedicated most of your free time for the last 6 months to this movement. You've read every DD, every News, every Opinion, just to make sure you've got the full picture. And the result? You've got a better picture than the people you're up against. Because you genuinely care. Feel pretty good, eh? Well.... I hate to be the bearer of bad news, but this isn't magic, it's math. This isn't a miraculous movement. You saw a problem, you identified the issues, and went about solving them. Hundreds of thousands of you. And what you were left with was a prime example of "wisdom of the crowds". One step ahead in every way. Smarter, better, faster, stronger. I worry that some of you are viewing this battle in a vacuum, rather than as what it represents... + +We can call for campaign finance reform, to expel outside influences, etc, but at the end of the day, the only person you can trust is YOURSELF. + +This is something you need to understand. This trade, this movement...is not a mistake. Because of the wisdom of the crowds, we accumulated enough data to make an intelligent play. But going forward..... you must understand this is your new second job. Yes, it already has been for months, but now we're making it official. If you want to beat the street, you have to put in the hours. Thankfully, between us, we have hours to spare! But only if you remain diligent. This is your life now. Even if the current system collapses, the next one will be built against your interests. Are you ready to put in the work to combat fuckery? I think you are. So does pops. + +**I saw a light in my father's eyes this weekend that I've never seen before. And I've never felt closer to him, and it's all thanks to you. So much love to each and every one of you.** + +**TLDR: "The price of liberty is eternal vigilance"** \- Wendel Phillips + +🙌💎🚀🚀🚀🚀🚀🚀❤❤❤❤❤❤❤❤❤ +Like the title states, I've seen estimates of their plans to insure jobs, eliminate carbon emissions, create free housing come up to around $80T. Is this possible through their exorbitant tax plans? What would be the effects if their policies happen to be passed? +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! + +A drop from $250 to $160 doesn't even phase me anymore. In the slightest. The past weeks I've become more resistant than at any time before. +We've seen the earnings hype before, but now with DRS any fears I had are completely gone. Brokers, banks, the DTC, they can all go bankrupt. Shares being directly registered in your name means any middleman has been cut out. +Meanwhile the market continues to keep up the illusion of pumped up prices and extreme levels of inflation. +Evergrande, Citadel restricting withdrawals, random crypto crashes, omicron volatility (based on extremely little data). +Any moment the egg shell can crack and the completely hollow, rotten out substance of the market is revealed to the world. + +The DD is as solid as it ever was and all FUD has been debunked countless of times. +I'll continue ticker watching, but I am unshaped as ever, steady as a rock, steady as a big fat ape. 🦍 +Either we squeeze, or we squeeze after GameStop has turned into a tech company under RC's command - with a skyrocketing in the price as the FOMO crowd finally sees the added value. + +MOASS is inevitable. Thanks to DRS apes can hold care free for years. +&#x200B; + +https://preview.redd.it/pweknxznb8171.png?width=1600&format=png&auto=webp&s=46062698236d9e03945e61290c4aaebfdbaa873b + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/imbcjk6qb8171.png?width=680&format=png&auto=webp&s=50aa8b19aad14004e5cb9e29fbe47802b64d6660 + +# Shoutout to u/pinkcatsonacid + +So the AMA yesterday had some technical difficulties, which in and of themselves suck to have. But I have to say I'm extremely proud of how my fellow mod handled the situation, as far as I know Pink had not done an AMA before but if you told me she did I would have believed you. + +She handled it with grace and once Lucy couldn't reconnect she acted fast and well, stepping up and going on with the show like a true champ. + +Seriously, kudo's for your work Pink 👏👏👏 + +A further write-up of the AMA can be found [here](https://www.reddit.com/r/Superstonk/comments/nke7sp/post_ama_dd_lucy_komisar_ama_powerpoint_and/) + +&#x200B; + +https://preview.redd.it/idys9hptf8171.png?width=600&format=png&auto=webp&s=3f0683dbe9be4a67e8fc07748e94652f62cd7568 + +# RC Tweet + +Steve floats to the top? + +[https://twitter.com/ryancohen/status/1397047791889879041?s=20](https://twitter.com/ryancohen/status/1397047791889879041?s=20) + +I know this is from "American Dad" and the kids name is Steve, he seems to be floating up. + +Can be a shitpost or can be a message that has something to do with the float. + +What's funny to know about this scene is (from memory) steve was a terrible swimmer and had Claus stuck in his swimming shorts to do the work, so could also be a reference to someone working behind the scenes? + +Again could be a lot could be nothing. + +**Addendum:** u/ChemicalFist found out something interesting, there is an investing term called "underwater" + +[https://www.investopedia.com/terms/u/underwater.asp](https://www.investopedia.com/terms/u/underwater.asp) + +&#x200B; + +https://preview.redd.it/biqdvptvp8171.png?width=960&format=png&auto=webp&s=59baff6bff93cf6fcb8fd99d3478c420d92339fd + +hmmmmmm interesting! + +&#x200B; + +https://preview.redd.it/hvc3s9pqd8171.png?width=700&format=png&auto=webp&s=dc86e43cefd12b1484611ca50990145994b1ceff + +# When in doubt, zoom out + +&#x200B; + +https://preview.redd.it/uaskll7le8171.png?width=960&format=png&auto=webp&s=c6c4c5f09fe93f8437b4be60075ab2651a282d7c + +It's been on a two week rise, even if the "daily" profit was gone by a flash, look at the chart it's still ok. + +Slow and steady my friends, slow and steady. + +We've been saying this for a long long time, the Moass is like Gandalf, it will come when it is meant to, just hodl, chill out and see what happens. + +This was never meant for a quick buck, or whatever, re-view Deepfuckingvalue's videos where he talks about diamond handing, look at Mark Cuban's ama on wsb. + +This was never going to be easy or fast, so sit your monkey ass back, share a banana with a friend and have some laughs. Because we are still waiting on the annual shareholders meeting. + +If after the shareholders meeting they see that there is an extremely high amount over votinging they won't take action that exact day, they'll go through their legal channels and it may be a few weeks before we hear about it (trust me they want/need to do everything above board) this is because they can file lawsuits against the bad actors and get "damages" paid. + +But that's all speculation, all I'm trying to say is learn to be zen, it will come when it comes. + +&#x200B; + +&#x200B; + +https://preview.redd.it/buzmqhrdg8171.png?width=640&format=png&auto=webp&s=d58dc32b49e594027ab7b207dbb35e26ecbbbf44 + +# Crypto SUUUUUUUUUBS + +Ok guys real talk here for a sec, we have had some cryptobro's along our side for quite some time now, people actively posted on my thread yesterday saying they were here from jan/feb ish but never posted, so this is awesome to have more people aware of all of this. + +The one thing that isn't cool however, is going on THEIR subs and saying they should get into GME/AMC/ANYTHING + +Imagine how you would react if someone came in here trying to push Bitcoin/Etherium/Dogecoin ? You'd get upset right? so please understand that if they want to post about GME they'll come here, but we should in no way brigade their subs + +&#x200B; + +https://preview.redd.it/5x888rwph8171.png?width=640&format=png&auto=webp&s=503c253a8e7816ea1f387fc2ec3534da27915089 + +# Italian bank collapses on exposure to Greensill and GFG + +[https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda](https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda) + +there is a thread about it right [here](https://www.reddit.com/r/Superstonk/comments/nk3ddb/italian_bank_collapses_on_exposure_to_greensill/gzamro3?utm_source=share&utm_medium=web2x&context=3) + +Be sure to give it a read ;) + +&#x200B; + +https://preview.redd.it/glflhpk5i8171.jpg?width=512&format=pjpg&auto=webp&s=2a8d315254e1a3173bfa5dcb29da3ab1ff533a94 + +# Sen Elizabeth Waren: wants to bar congress from trading individual stocks + +[https://www.businessinsider.com/elizabeth-warren-ban-congress-trading-stocks-investing-tom-malinowski-nhofe-2021-5?international=true&r=US&IR=T](https://www.businessinsider.com/elizabeth-warren-ban-congress-trading-stocks-investing-tom-malinowski-nhofe-2021-5?international=true&r=US&IR=T) + +&#x200B; + +TL:DR Congress abuses their knowledge of stocks (like with the covid crash) and profits and outperforms the market, if this moves forward they wont be able to do that anymore. + +Nice to see some people actually making waves. + +&#x200B; + +https://preview.redd.it/3nuz7qmwi8171.png?width=1600&format=png&auto=webp&s=e36636a3e11ab200b8301cc8d0fb4ad1d8908f9c + +# Bitcoin wallet ? + +According to [THIS](https://www.reddit.com/r/Superstonk/comments/nkde38/bitcoin_address_activity_appear_to_mirror_gme/) post, there seems to be a bitcoin wallet moving at against GME, now I'm not wrinkle brained enough to understand this, but I hope I can bring this to the attention of smarter apes here who could be willing to help and research this OP, and maybe find some more stuff out. + +&#x200B; + +&#x200B; + +https://preview.redd.it/n13zn4k4k8171.png?width=640&format=png&auto=webp&s=3cd0bea93696315fadb950b5682064f8b2be2a12 + +# Gamestop New Filing + +[https://gamestop.gcs-web.com/node/18896/html](https://gamestop.gcs-web.com/node/18896/html) + +Gamestop just released their "Form SD" or "Special Disclosure" on **Conflict Minerals Disclosure and Report.**Be sure to give it a read and a once over + +&#x200B; + +https://preview.redd.it/hq54qcmej8171.png?width=554&format=png&auto=webp&s=125db23967823382afaafcf3f2545fd8c3da921e + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/1gslsm4hj8171.png?width=400&format=png&auto=webp&s=cfdfaa1e23aebb523c314887ced099b533bef9fa + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +And yes this is not being posted through Automod, Automod does not let me edit my posts after they have been posted (I'm currently looking into it if it's at all possible to do, because if new news comes out during the day it is important to add in here, then I want to add it in, instead of making 30 posts a day).If someone smart could perhaps help me with the automod posting and editing of posting please let me know in a comment! +The tenant has been underpaying since covid started, saying he had his job reduced significantly. He’s currently owing $4,000 and is asking if I could cut that to $2,000. He’s been here since 2018 and had been paying on time. I’m leaning on offering a longer time for him to repay the past dues but I’m hesistant on offering any reductions because the mortgage and taxes and HOA, especially if he moves out later and I’m left with a vacant property. What would you guys do in this case? Novice investor so really appreciate the thoughts! +Do not try to buy precious metals in the next week while China is celebrating the beginning of their Year of the Metal Ox. Wait until after you are done holding GME, even though you are planning to hold GME forever. + +Anything other than GME is a distraction. Since you are holding GME forever, you are never allowed to invest in anything else ever again. Holding GME is your life's work and requires your undivided attention. There is no possible way anyone would ever talk about anything other than GME unless they wanted you to sell GME. Even when it's a weekend and you can't sell GME anyway. + +All of your money should be in your brokerage so you shouldn't even have any money available to buy bullion with. Your brokerage would never betray you. + +Don't think anything of the fact that online bullion dealers have frozen your ability to buy silver. The statements on their front pages saying they have to restrict your purchase ability due to unprecedented market conditions are nothing like any other statements you've seen from anyone recently. Don't think about it. + +The US dollar will never lose value again. Biden is going to make an announcement tomorrow that the federal reserve will burn a pile of money to reverse inflation, I can feel it. Hedging against this is something you would only do if you're shilling for a hedge fund. That's why they're called hedgies. + +Pay no attention to the mass downvotes and accusations of shilling to everyone suggesting silver. The ruling class would never seed a meme about silver being a distraction to divide the community from adding another major step to their plan. + +Pay no attention to how major banks have sold 200x more silver than they actually have and if they're called to deliver on all those receipts instead of people continuing to be happy to just hold paper receipts they could *hypothetically* exchange, then... well, like I said, no matter. + +The important thing is to spend your weekend wondering what will happen to GME while there is no action you can take on it. Don't focus on anything you could take action right now. + +Don't sort comments by new. You don't want to see the unfiltered stream of consciousness of the subreddit, just stick to the carefully curated, vote-and-award-manipulated ranking of what everyone can agree on. We don't have any stickied threads sorted by new today because the people in charge here have your best interests at heart and they don't want you to get into trouble buying any silver. They're not like that other guy who tried to sell out the community, shame on him. Since they're not sellouts, there's no way they could ever make a mistake or allow the community to be misguided. Trust in them and blindly follow the subreddit's general direction at all times. + +And most importantly, don't forget, you're very small. Silver has a market cap of $1.4 trillion. Big banks and governments have a vested interest in it. Don't you dare think your little wallets could possibly tip the scales of something this big going on right in front of you. Just take your tendies and quit while you're ahead, and don't think too much about where this is all leading next. + +EDIT - We've got a usual stickied thread sorted by new, thanks mods! Good to see my satirical post rapidly becoming outdated. 🚀🚀🚀 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi, so I am completely lost and feel broken. Not suicidal but just feel like crying. + +My situation + +In 2018 I met a girl, we started dating and in early 2019 she got pregnant. She was struggling financially, and although I had my own debts, a loan and car finance. + +As the father of her child I tried to step up and help out, I ended up entering into an IVA to try and keep everything afloat. + +Towards the end of 2019, before my child was born, I trusted the girl with my bank card, she took out £1,000's of pounds over a couple weeks. I missed payments on both my IVA and car finance. Our Son was born and we split up, the child was initially taken into care due to my now ex. I gave up my job to fight and won custody. + +During this period I kept up with my IVA but feel further behind on my Car finance. Then lockdown happened and quite frankly I forgot about the debts. I continued paying my IVA, but heard nothing further about the car, + +In September this year, I got a new job, and contacted the car finance straight away to try and sort out an arrangement however they have already begun legal action. I made an offer to pay as much of the debt as I am able, however they want to repossess the car unless I find almost £9K + +I do not have this money available. If I lose the car I will not be able to make any payments and I need this money to be able to care for my son. Frankly, I am at the end of my rope and have nowhere left to turn. + +Please can someone help me... Any advice is welcome, it's been mentioned they can take me to court if I don't return the car, if I do return the car, I will still have debt and I won't have any income to pay it. I have no family or friends that can help me out. What do I do? +I(22M) may not be that privy to this new wave of financial investments or financial planning at all but my roommate(21M) is considering putting all his money in one basket and honestly just spending this spare money rapidly(uber eats, clothes, video games, etc). A bit of backstory, my roommate got 120,000 USD (now 100,000) and niether of us have a grasp on financial world. He as individual had lived paycheck to paycheck for his whole adult life. What i am looking for is some good options to look into to set himself up for the future. I have recommended that he call a financial advisor and getting him into college but outside of that i have no idea. What should he do with all of this money? + +edit: please try to make it simple / concrete enough for someone who is broke and unaware of financial terminology to understand and pass along. +Hey everyone, + +Let me give a little back story here. My company purchased a media company, who made some terrible decisions recently and are now in financial turmoil for an abundance of reasons. Our company has 401k benefits through fidelity where they match up to 6%. The plot twist is that they invest in their own stocks as if we were choosing it. When I created the 401k account we had no choice but to select how much of a % we wanted to put into each stock/bond. + +I would never choose to invest in this company because of their history and the stocks aren't really promising. They purchased a major media company and when that company financially fell over, it seems like we've had to face the cost of it through our 401ks. It almost feels like my money that I work hard to earn is being stolen. I guess my question here is, how do I get the best out of my 401k? Do I take it out entirely and move thwt money into the stock market since it's low? Do I put it in a savings account? I'm not quite sure here and would need guidance. I just want my money to actually work for itself and I want to put it into something that's going to benefit me rather than take it away. +1. ALWAYS use stop loss. +2.put your stop loss into profit after the trade goes your way. +3.avoid scams(and there's lot of them). +4.choose your broker wisely. +5.after trading demo,try trading small account, the real money hits different than some digital numbers. +6.stick to your plan ! Trust it ! +7.use good R:R . +8.don't overtrade. +9.use small lots not ones that wipes your account in seconds. - 100$=0.01•1000$=0.10 and so on. +10.cut your losses•and let the winners run. ++Work on your psychology,this is not rocket science but it takes years for someone to master it, even after you should have your rules for yourself to follow them so you don't make a terrible mistake. +Okay that's it. Hope it helped somenone strugglin. +Good luck for everyone and be safe ! +I saw several apes talking about going to the shareholders' meeting, which is fine and also an opportunity to show that we (the gme shareholders) really are interested in the company and it's future. However, may I please ask that you show your best behavior and be respectful to everyone? I don't want to read afterwards about a group of crazy people dressing up in ape costumes harassing other attendees or chanting "I like the stock" while throwing bananas into the crowd. + +Ryan will be there and there is a non-zero chance that DFV will attend, so don't swarm them and ask them to be your wife's boyfriend (they probably already are). + +So if you want to go to the meeting, be your most excellent self. Have a groovy night, but please: + +&#x200B; + +https://preview.redd.it/rrsnhpyi9h071.png?width=470&format=png&auto=webp&s=764cb4ebfdcfefa4e31af4628903865dd6c7e249 + +&#x200B; + +Edit: Oh, typo in the title but the title cannot be edited ¯\\\_(ツ)\_/¯ +So I know the entire country is feeling inflation and fear is at an all time high in anticipation, however, I was wondering was there this much fear before 2008-2009 happened and equities dropped 70%? It seems like we are going through the drops now, and not before. What I mean is, before 2008 nobody is aware anything is going to happen, then it happens and everyone talking about it. This is strange as EVERYONE seems to be talking about recession and inflation. To me this seems suspect and because everyone is aware, I don't think it's actually going to get that much worst or at least, we're already going through the worst of it right now. Can anyone from that time period speak for the environment? + +Edit: Many are saying we are already in a recession. I'm not disagreeing on that point I agree actually. What I'm saying is, we're talking about the next huge crash when recession turns into worst: job loss, more inflation, etc. +https://twitter.com/NickTimiraos/status/1289949000980783106 + +https://www.wsj.com/articles/fed-weighs-abandoning-pre-emptive-rate-moves-to-curb-inflation-11596360600 + +> The Federal Reserve is preparing to effectively abandon its strategy of pre-emptively lifting interest rates to head off higher inflation, a practice it has followed for more than three decades. +> +> Instead, Fed officials would take a more relaxed view by allowing for periods in which inflation would run slightly above the central bank’s 2% target, to make up for past episodes in which inflation ran below the target. +> +> “It would be a significant change in terms of how they are thinking about” the trade-off between employment and inflation, said Jan Hatzius of Goldman Sachs. “A lot of those things look very different now from the way they looked a few years ago,” he said. +> +> Fed Chairman Jerome Powell hinted at the shift at a news conference last week when he said the central bank would soon conclude a comprehensive review of its policy-making strategy that began last year. +> +> Mr. Powell initiated the review with an eye toward beefing up the Fed’s ability to counteract downturns in a world where interest rates are lower and more likely to remain pinned at zero. +> +> Even before the severe shock from the coronavirus pandemic, the Fed had grown concerned about spells of low inflation that have bedeviled authorities in Japan over the past two decades and in Europe for the past decade. +> +> The change being contemplated now is a way of essentially telling markets that rates will stay low for a very long time. Markets have likely already picked up on this change, given the continued declines in long-term interest rates. +> +> The changes on their own will do little to provide more support to the economy right now because investors already understand that the Fed isn’t likely to raise interest rates for years, said Steven Blitz, chief U.S. economist at research firm TS Lombard. “It is a change at this point without meaning. It’s just words,” he said. +> +> The Fed would formally adopt changes by altering a statement of long-run goals that it approves annually, something it last did in January 2019. “The changes we’ll make…are really codifying the way we’re already acting with our policies,” Mr. Powell said last week. +> +> One way for the Fed to do that would be to amend that document to say inflation should average 2% “over time.” +> +> +What sort of signals or signs will be evident that we are in a housing crash or that we have crashed? + +I'm a long term ETF investor and my number 1 rule is to not try time the market and just buy when I have the funds to do so. Does this principle carry over to buying a property? + +I'll be ready to buy early next year and occupy the house, not looking at interms of an investment. + +Lastly, with a decrease in house prices and increase in interest rates, the morgage repayments will probably not change a whole lot from where they would sit at the moment, correct ? +Despite all the loss porn people are posting, I'm sure most of you are aware about how important risk management is when trading ~~speculative dogshit lifestyle cos~~ stocks. + +The % gain required to return your loss to **neutral** gets exponentially bigger, the larger you let your loss grow. For example, a 5% loss only requires a 5.3% gain to return neutral. 10% loss needs 11% gain, but a 50% loss needs a 100% gain, 70% loss requires a 233% gain and a 90% loss needs a 900% gain! Just to return to breakeven! What are the chances your dogshit stock 10 bags you back to neutral? + +So always have a stop-loss in mind before making a trade. It's easier to buy back in on the way up, than trying to hold something that falls through the floor. + +Further reading: + +[https://www.stockopedia.com/content/why-losses-ruin-your-returns-458523/](https://www.stockopedia.com/content/why-losses-ruin-your-returns-458523/) + +[http://www.stock-trading-warrior.com/When-to-Sell-a-Stock.html](http://www.stock-trading-warrior.com/When-to-Sell-a-Stock.html) + +Mark Minervini also explains it well in his book. There was a pdf version floating around here if you search for it.. +I've been told its illegal to pay for sex but my BTC isnt a legal tender, so I that makes it more like bartering, right? Show me where it says in that there rule book, that trading services between two consenting adults is illegal. + +Im sure this is very embarassing for you officer, but mistakes happen to even the best of us. Just release me and dont tell my wife, and I wont report this to your superiors. + +Cant wait to see in a week/month/year, whether this was the cheapest or most expensive BJ of my life - or both. +We go once a year for a few weeks, and I'd like to go more often. I think we would if we had a place there. The biggest drawback is that as an American I can only be in the Schengen zone 90 days at a time. + +Those of you who have vacation homes like this, what are the drawbacks? + +Do you regret having made such a purchase? + +Thanks! +This new friend mentioned that she would like to "pay it forward" by inviting my husband and I into this "great opportunity". +My question is, has anyone heard about this? + +She has been extremely vague about the whole situation. She did briefly mentioned that what they do is similar to an MLM but they aren't a MLM. Red flag. I know. She also was very adamant that she and her husband would have to meet with us several times to get to know us and to make sure we would be a good time investment for them and the "power couple." She kept saying that they are slowing achieving that lifestyle of having a cashflow and not having to worry about money and how they are able to spend more time with their kids and travel and most importantly sharing this great opportunity. + +I really with I could tell you guys more but that's all I know. My husband is skeptical from the get go and I don't blame him. He is currently out only source of income while I'm a stay at home mom and currently 4 months pregnant. My main concern is finding what this woman is trying to get us into and if its something bad money wise I would like to know more about it in case I run into someone like her again. + +UPDATE: + +I texted her this morning telling her that my husband and I were not interested and that our retirement plans are fine and doing well on their own and we do not need anymore investments or want anything she was offering. I asked her not to message me anymore. She hasn't even replied about her book lol so into the donation bin it goes. I did read it and the book alone is a good read but I don't have any use for it. + +I just want to say thank you for all the advice and for helping me uncover her scam. I hate being preyed upon but I will never jeopardize my family's financial well being especially not while were under one income. + +I'm still reading all of the comments coming in and looking up all the financial advice you guys are mentioning. Once again, thank you for helping me out. +Watching your shares go red, particularly if you have recently started investing can be nerve racking. However first if you’re invested in strong companies then don’t worry dividends will continue for the most part and consider share prices to be better value to top up if you can(improve your yield).Time in the market is definitely true and in a couple of years any drop now would be a distant memory. Most people here know this already but there are a lot of new investors here. +Edit: apologies for lame title, I know +I'm an old head. Been working my whole life doing okay. Yeah, I lived through 2008. I've always been in manufacturing and since I live in Michigan that manufacturing has always centered on automotive. 2008 wasn't good. Married raising two sons and the floor dropped out in an instant. I admit it. I lost the house. It is what it is. You take a few on the chin and keep moving on. So fast forward to December of last year. My oldest tells me about this Gamestop stuff. "You should look into this. It's interesting". Reddit wasn't unknown to me I've been active for quite a few years but never ran across any of this stuff and to be honest with you (at the time) I probably couldn't even spell rehypothecation let alone have a cursory understanding of it. The more I read the more I learned. Now I sit here as a fellow diamond hand and something occurred to me. Why? Why is this all what it is? Most of it makes no sense. Still doesn't make any sense. But some of it does make sense. At least to my highly unrefined brain. The one thing that makes sense in all this craziness is Ryan Cohen. For whatever reason he's the only part of any of this that makes sense to me. To someone who isn't a father or hasn't lived the life I've lived the Ryan Cohen component might be one of the things that to them...doesn't make sense. We all have our perspectives and to me the Ryan Cohen perspective is the easiest to figure out. Chances are I'm probably wildly off. I might have built this perspective in my brain in an attempt to figure out 'why'. Maybe I'm wrong. Maybe I'm right. I'll probably never know but it is what I believe and what I believe is it's all about a birdhouse. + +We've all seen Ryan's tweets about his Dad. I'm sure most of us have read the stories written about Ryan and his Dad. We've read what Ryan has said about his Dad. I think these things are very important. Take yourself back to when you were a kid. You can use your own examples. I think the examples vary but the feelings are the same. For me, it was a birdhouse. My old man was a house painter who could hand craft things. He could build a fence and build a garage. He was a creator. Its a compulsion. The need to create. "I need to make something". So one weekend's task was to build a birdhouse for my Mom. Pops took me out to the shed and we gathered up some hand tools. We shot to the lumber yard and he picked out the wood he'd be using. We got home and I watched as he started creating. I was just a wee lad so I really didn't know a handsaw from a roofing nail. He took the time to show me. Before I knew it he had me building a birdhouse too. He had his and I had mine. By late Sunday his was done. It wasn't majestic. It didn't have gold leaf or ornate trimming but it was stout. The joints were tight. The walls were solid. The roof was waterproof. Everything you need for a birdhouse. He hung it on a tree. I remember my Mom kissing him on the cheek. She got her birdhouse. + +I was probably too young and too stupid to know any better so I just kept going. Dad was already inside as I continued to bang away and bend nails and saw corners that barely fit together. It was dark. I kept looking at my pile of hilarious wood and his birdhouse and comparing. Obviously one was not the other. Mine was a mess. But it was mine...and I liked it. + +I put the birdhouse in my hands and walked inside. Pops was already half asleep in his chair watching TV. I outstretched my hands and presented my birdhouse. I didn't say a word. My dad's eyes opened. He looked at it and he looked at me. While half asleep he muttered something like "well that'll make for a good one, Joe. that'll be just fine". + +That night I fell asleep thinking about what improvements I could make. How I could do some things differently. Better. When I woke up I immediately sought after my birdhouse. I looked next to the chair. I looked on the work bench. I looked everywhere. I thought maybe Dad threw it away. I looked in the garbage pails. It was gone and so was Dad. He was already at work. I eventually found it by not looking for it. I eventually found it. There it was. Hanging in the tree right next to the one Dad built. + +I choose to think Ryan Cohen is a creator. He is a builder. Its something he cannot control. How many billions did he have after Chewy? How many sandy beaches does that buy? How many lifetimes of luxury does that buy? What does he do instead? He dumps his cash and time into a dying brick-and-mortar retailer and gets laughed at by just about every talking head on earth. Why? + +...because after he's done he's going to walk up to his Dad with outstretched arms and without speaking a word he's going to say "Dad, look what I built". +There is one thing Bitcoiners and Altcoiners (especially "Ethereum Killers") can't stop talking about: + +**That's Ethereum.** + +Altcoiners want to beat (read become) Ethereum, and Bitcoin's memes would do way better if highly capable Ethereum did not exist to keep poking it in the eye. + +**When literally everyone can't stop talking about you, you're probably on to something important.** + +Go forth and educate the masses, my fellow Ethereum community members. We have FUD to fight from every angle, and it's not because we're wrong, but it's because very likely we are onto something important and world changing. We are in the middle of a narrative and marketing shit storm with both sides wielding heavy marketing budgets from ICOs and corporate pockets, and as a decentralized community and project, we cannot combat it with the same form of centralized effort. We must work as individuals, and together where we can to make it happen. + +*Our amazing developers are already working overtime to make great dapps and build Ethereum's functionality, but what are you doing?* + +**Ethereum's success as a social and economic platform, not just as a technology, depends on every single one of your efforts.** + +Please contribute what you can: + +* Learn everything you can about Ethereum and how it works- go two levels deeper than you ever thought you'd go. [ethhub.io](https://ethhub.io) is a good place to start +* Create valuable content which can inform this community and newcomers alike. This size of this community will likely 2x to 5x in size (maybe more) over the next 3 years +* Engage with non-Ethereum folks at r/CryptoCurrency and other forums to set the record straight about Ethereum +* Get an account on Twitter right now to keep learning about what's going on with Ethereum, and respond to obvious misrepresentations of it. You can start by following me at @iamdcinvestor +* Contribute financially to resources like [EthHub.io](https://EthHub.io), designed to help inform our community +* Liberally use dapps and give devs real world feedback for how to make them accessible to brand new users +* On-board new users to Ethereum, and really help them through all of the confusing parts (from getting on Coinbase to using MetaMask). This new guide might be a helpful starting point: [https://docs.ethhub.io/using-ethereum/ethereum-new-user-guide/](https://docs.ethhub.io/using-ethereum/ethereum-new-user-guide/) + +No matter your means, **you have a skill which could be useful to help Ethereum**\- you just may not know what it is, yet. Keep learning and keep experimenting until you figure out what it is. + +This decentralized revolution can only be built on the back of your efforts. If you don't do it, there is no one else who will. + +The good news is the stakes are small and totally insignificant, so no pressure: + +**We're just trying to decentralize the world, y'all. Step up, spread the word, use the network, and let's get this done.** + +EDIT: Thanks to /u/_kitteh for this awesome meme: [https://imgur.com/a/NsLaAgz](https://imgur.com/a/NsLaAgz) +Hey all, long-time lurker here, first time poster. I want to share a budget template with the community that I've been iterating on for the past two years. Budgeting has completely changed how I perceive my income, expenses, and savings, and I can't imagine where I'd be today without it. I hope this template can help others out there who are looking to get a better understanding of their finances or don't know quite where to start. + +--- + +### Background +Before jumping into the template, I just want to give a little background on myself. For years I always thought myself as decent with my money. I never found myself too deep into debt, saved a little here and there, and always managed to get by without too much worrying. Well, that was all fine until I ran into an unexpected financial hardship. Suddenly, budgeting became not just a smart thing to do but imperative. + +Looking back, I wish I'd started budgeting sooner. I really didn't realize how little I knew about where my money was going until I started visualizing it. And that's exactly how this budget came to be. + +### Purpose +This template was made with the following goals: +1) Clearly visualize the breakdown of income, expenses, and savings +2) Automatically update when revising expenses, income, or savings amounts +3) Not rely on third-party financial tools which collect sensitive personal data + +### Who this is for +This template is best used for someone who isn't actively paying down debt. Of course, if you're in debt, you want to pay that down ASAP before putting money elsewhere. This template is about finding a balance in your take-home pay, and how to split it between an emergency fund, short-term savings, long-term savings, daily spending, and of course expenses. + +--- + +### Account Definitions +This is discussed on this subreddit at length, but here's how I've defined these terms for myself: +`Daily Spending` -- a checking account for any daily spending. This is what you use to buy a breakfast burrito or grab a drink with a friend. +`Expenses` -- a dedicated checking account for expenses. Phone bill, internet, rent, etc. all automatically deducts from here. +`Emergency Fund` -- a savings account which holds cash for between 3-6 months of expenses, just in case. Once this gets to a level you're comfortable with, you can stop or reduce the amount you regularly deposit. +`Short Term Savings` - a savings account for short-term savings. This can be defined however you want, but I think of it as money I'll spend in less than five years. This could be for a vacation or a big expense like a new computer. +`Long-Term Savings` - an investment account for money you won't want to withdraw for probably over 5-10 years. This is for something big, like a down payment on a house or just a place to invest in the long-run. You don't think about this money, and it's at the mercy of the market. + +--- + +### The Template +#### [Here's the template.](https://docs.google.com/spreadsheets/d/1MJjycDeT1zbfLKZlXODyy4Cifh1f6VnsFnK0sRkgZis/copy) +It's pre-filled with what an example budget might look like. + +--- + +### How to use +`Blue` cells are for inputting values. +`Gray` cells show calculated values. + +--- + +`Income` -- enter your income information here. If you're a freelancer or don't get regular paychecks, look at previous years tax returns and guess-timate your annual income based on that. +`Expenses` -- there are two tables here: one for regular expenses, and one for irregular expenses. A regular expense is, obviously, something you pay regularly - like a phone bill or rent. An irregular expense is something like car maintenance or a yearly gym subscription. +`Bank Accounts` -- this is where the magic happens. Start entering values for your emergency fund, short-term savings, and long-term savings. This will give you an idea of how much money you can really afford to put away in different savings accounts. Expenses are automatically pulled in, and Daily Spending is calculated based on what you decide to save. +`Long-Term Savings` -- totally optional, but I like seeing a breakdown of the funds I invest in, to visualize how aggressively I'm investing. + +--- + +### Credit +Thank you so much to [u/TheJMoore](https://www.reddit.com/u/TheJMoore) for [their original post](https://www.reddit.com/r/personalfinance/comments/40q7jb/budgeting_101_the_simplest_way_to_start_budgeting/) which served as the foundation for this template. They did all the actual hard work - like entering income and determining tax - I just updated, re-organized, and added some nice visualizations. + +~~This template is based on an existing template I found online, and I would love to credit the original creator. The problem is, I can't remember where I found it or who originally made it. If someone knows who to credit the original template to, please let me know and I will credit them here. Also, thank you, stranger, for putting that O.G. template online and helping my life! I'm hoping to pay it forward here.~~ + +--- + +edit: fixin' couple typos +edit 2: added credit for the original template. thanks to the redditors who knew the original creator! +Website: [VooDooBikerGang.com](https://VooDooBikerGang.com) + +Actors cast in the film promote the movie and the project! + +Token address: + +0x2E86A090050Ea7B36d55963E194F893cCc173fD7 + +"movie budget" wallet instead of a dev wallet funds the movie + +Tokenomics: 10% transaction tax, 5% back to holders, 4% towards liquidity, 1% back to next movie! + +Doxxed dev is Stevie Long (this is me! look at my Reddit history, or look me up on [imdb.com](https://imdb.com)) + +The token owns the IP (intellectual property) of each film/franchise, which it then sells directly or licenses to show on a streamer. Profits from the film are put back into the token via lump purchases! + +Current MC is still under 1mill + +COIN GECKO listing any day..... + +Bags will grow quickly as the MC moons, as the bull market coincides with our production schedule! CASTING NOW so the actors will be promoting soon and when cameras roll, even more real-world promotion! + +Stop in the TG and ask any questions you'd like, we're a friendly gang: [https://t.me/VooDooBikerGang](https://t.me/VooDooBikerGang) + +If you love making gains, do it while making a movie! Come visit us on the set! Hell, you can even be IN the movie! If you're tired of MemeCoins, put your BNB in a project with an actualy use-case that is making something! +>The Federal Reserve is expanding its foray into corporate credit to now buy individual corporate bonds, on top of the exchange-traded funds it already is buying, the central bank announced Monday. + + + +https://www.cnbc.com/2020/06/15/the-fed-says-it-is-going-to-start-buying-individual-corporate-bonds.html + +----- + +What do you guys think the long term effect of this will be? It's crazy how much money is being printed and funneled into the market. I wonder if there is going to be serious inflation that is going to hit. +So the point of this post is, well, you never really know who you can tell your real financial situation to. I have a decent sum, not retirement-level but decent, and thought I would be safe telling my relatives (within the appropriate context). Nope, there seems to be resentment and gossip now. + +Background: my relatives, including my father, are doctors and white collar types. My cousins and siblings are also mostly doctors and white collar types, with a few other STEM major/programmers sprinkled here and there. We have a few cousins who majored in art or something, but even they went to schools like RISD and USC. I was always the "stupid" one in the family, the non-achieving one. The only kid in the whole extended family who didn't have his college funded by parents, let alone graduated from a "reputable", known-name school. I am not saying this for sympathy, I am just saying this is the family dynamic. It is what it is. + +I joined the military (the first and only military member in the family), got a bachelor's in a STEM major from an online school, and cobbled up like 400k in investments (I deposited my savings into the market when all the stocks crashed during 2020 because my logic was that if SHTF, I have bigger issues than losing money in the stock market). I haven't spoken to my family or relatives in YEARS due to bad blood, and then separated from the military and came back to town (for my friends). Along the way I got back in touch with my relatives again. I have two uncles who are both doctors, one assumed I was unemployed and "destitute" before he found out I was in the military. The other told me I must've "been through a lot" not being financially supported by my parents. They both gave me some money as a gift, which I was grateful for. My dad claimed that he felt bad about not paying for my schooling and seeing how well I did for myself, wanted to buy me a house in the neighborhood (this never happened and the offer was pulled back). One uncle wanted me to come to his house so he can give me advice on that, so I took my little 10k used car and drove it to his 5 million dollar house, parked next to his BMW and Lexus. He sat me down and told me that buying a house isn't a good idea if I don't even know if I want to live in the neighborhood long-term, and suggested I rent in the downtown of the city instead. He had a point, but the whole time he was talking as if I've been poor and miserable my whole adult life, and with the assumption that I had no money saved. He then said that since I don't have a job yet (since I just separated from the military) I won't even qualify to rent a place, and asked me rhetorically if I even had savings. I said "I do" and when he asked how much, I said I have 400k in stocks so they're not liquid but I can cash some of it out. He said I should cash some of them out and rent in the downtown while I look for a job. He also asked me if I had a will and who the money was going to, and I said I had a few friends/battle buddies and the church that helped me as my beneficiaries, and he seemed upset and said I should change it as soon as possible to have family members in it instead. I shrugged it off, but thought the conversation overall went well. + +Well, turns out other relatives ended up knowing about my stash because the uncle told them in disbelief. I had another uncle call me up and tell me that he knows I don't have that much money and "that is bullshit", that I should be honest and how I "don't have to try to impress people". He even said that my other uncle who gave me advice about renting "was upset... I mean surprised" that I had 400k. He was like "I was a doctor for 40 years and I don't even have 400k. Your other uncle doesn't have 400k." and I told him it's not like I just have 400k sitting in cash, it was due to investments, and I never made much income in my life - nowhere near a doctor's income. Both uncles have homes that are multimillion dollar homes, one uncle is selling his house soon and he will get 5 million from it. My uncle who told me I was full of shit had like 159k just sitting in his savings account, that's a shit ton of money that's not working for you IMO. I pointed out that he and the other uncle had net worth tied in million dollar homes, retirements, and their children's educations so why is anyone so shocked let alone "upset" that I had 400k? My genuine assumption was that at the best, my uncle would be like "400k? not bad, great job" and at the worst, they would be stuck up and "unimpressed at only 400k". I DID NOT expect this response. + +I get it, I got to 400k without being a doctor or taking out loans to get into an Ivy. I am sure my cousins who are doctors with 200k in student loan debt will still do better than me financially in the long run because they are doctors and the income will keep adding up throughout the years. 400k really isn't that much in the long run, and here we are, "upset" that I have 400k on a military enlistee's income. I assured my uncle that I didn't gain my net worth through illegal means, and he pretty much said "I don't care how you got your money... so how did you get your money?" The family dynamics are awkward now and there were even some comments about how I should put them in my will in case I die. I haven't even talked to them in years and they didn't help me at the worst times in my life, and they're pissed that I have non-family members (friends) in my will instead. + +**TLDR:** Yeah no, you don't know who you can really tell. Just because someone is richer than you doesn't mean they will take it in stride. I thought my relatives wouldn't care, they would be happy for me, because they have high paying jobs and multimillion dollars of assets in homes, cars, well educated children, etcetera. +**TLDR: 662% Short Interest based on share dilution. Mayo-Man FUK’D, $GME to ANDROMEDA** + +Ok Apes, let’s see if this gets buried at the bottom of a stack of memes and videos of dudes drinking socks and putting bananas places, or if it actually gives out some wrinkles. So how about we start with, why should I spend time reading shit from this dude doing the typing and the numbers and using symbols and squiggly lines next to numbers? Well, I donno wtf I’m talking about and I’m not some fancy schmancy financial advisor I’ve just studied a bunch of math shit in university and I like Adderall, caffeine, and snorting red crayons, well, at least I think they’re red crayons, I’m colorblind so I just snort all of them and tell myself they’re red. I’ve done a couple DDs and have spent most of my time delving deeply into the dark pools, but that shits been hit to death and we all know dark pools are dirty af and shouldn’t be a thing, but I digress. + +So I read a post a couple weeks ago by u/ammoprofit that got buried, probably because he included “Math” in the title, who wants to read about math when we can look at buildings with lights on, right?! So while I was reading through this Ape’s post I got an extra wrinkle or two and starting thinking in terms of dilution with regard to our favorite stonk. So to start with simple, share dilution is what happens when you naked short or short without covering a security. Think of it this way, GME has 70m shares outstanding, you short the stock to the tune of 10m shares and don't cover those shares, there are now 80m shares outstanding, however the market capitalization does not change, therefore the security has now been synthetically diluted with an extra 10m shares (which is the incredibly crooked part of shorting a stock, you short it because shorting is a derivative product of the stock, so you’re betting on the stock decreasing in value. However you are in effect diluting the security so it’s a self-fulfilling prophecy because anyone that has traded in pennystocks knows dilution = decrease in value and therefore decrease in price per share. Shit should be illegal, and it’s no wonder these wallstreet cucks are laughing all the way to the bank printing counterfeit shares without a care in the world. It's OK, I have a feeling that shits gonna change REAL soon). + +So now you know what dilution is, why does it matter now? + +So we have now experienced 3 flash crashes: January, March, June. January was a unique flash crash, because the “buy” button on the majority of retail traders’ brokers got turned off, so it was a flash crash with minimal possibility of buying pressure being applied to the volume. For March we are going to apply the general principle that during a flash crash including multiple circuit breaker halts, there will be minimal buying pressure due to the selling pressure and many traders holding out to see where the bottom is before buying more. The flash crash yesterday was more controlled, stopping the crash within $0.20 of initiating a trading halt almost as if it was completely algorithm and HFT driven (looking at you Kenny!) before trading sideways for a few minutes and finishing the crash. These 3 flash crashes likely (as if there is any other possibility since we diamond handed apes aren't selling shit!) used extensive short shares to drive the price down. + +Assumptions + +Without more in depth data, I had to make several assumptions to apply toward my data so here are the highlights of those assumptions: + +· Shares outstanding are 70,772,000 (Source: Fidelity) + +· Short Interest Reported 12/28/2020 is the last semi-accurate number at: 71,196,206 (source: [https://www.ortex.com/stocks/26195/shorts](https://www.ortex.com/stocks/26195/shorts)) + +· The SI above I have to assume is accurate without more definitive data, even though we all know it was VERY likely highly under-reported despite its already astronomical percentage of the available float + +· My volume measurements were taken on 5 minute candles during the 3 crashes, and as such I am eliminating from consideration: buying pressure on the way down, and legitimate sales from paper-handed bitches, though legitimate shares would carry the same weight in this instance as a share sold short + +· Δ = Change in value + +So I took the data I have access to and built a small Excel spreadsheet to run a few calculations based on the volume data and ΔPrice. I didn’t take the time to make any graphs or even to format and make the spreadsheet look pretty, so all the data is just basically tossed in there in a way that makes sense to my autist brain. To anyone wondering why the volumes are listed in decimals, it was easier for me to run the numbers more quickly that way, idk why, just throw an E6 on there (multiply by 1,000,000). The volume levels are also, like I said before, added up on 5 minute candles from the start of the flash crash to the bottom. Depending on which broker’s chart you’re looking at it could change by a small amount, but the 3 websites/brokers (Fidelity ATP, Webull, TradingView) I ran through all had fairly similar numbers so I stuck with these. + +[Data and calculations based on volumes and price change during each of 3 flash crashes](https://preview.redd.it/2tl0r4y9u7471.png?width=608&format=png&auto=webp&s=f9079b389c7a9779b0bbad4aadf72b2a7a603794) + +What does this have to do with dilution? I’m getting there, hang with me for another minute and I’ll have some rough estimates that’ll give ya a fat fuckin chub, I promise! + +So let’s go through the data real quick: + +· January: It required a volume of 11,570,840 to drop the price by $370.60 + +· March: It required a volume of 7,858,790 to drop the price by $176.50 + +· June: It required a volume of 2,796,480 to drop the price by $63.66 + +So just looking at these numbers it doesn’t tell us a whole lot because all we have is a number of shares and a price, there is no commonality in them that would allow a good comparison, so let’s simplify those numbers and figure out how many shares it required to drop the price by $1 each flash crash. + +· January: 31,221.91 shares dropped the price by $1 + +· March: 44,525.72 shares dropped the price by $1 + +· June: 43,928.37 shares dropped the price by $1 + +Now those are some pretty numbers with a commonality: number of shares per $1 drop. Looking at this, there is a large disparity between January and March as well as January and June. However comparing March and June the numbers are pretty damn close (June is 98% of March, so a very small difference between the rate of the two). + +**HYPOTHESIS**: + +What has changed between right fucking now and March? Much to Mayo-boys dismay, we have spent the last 6 months learning a hell of a lot more than we knew in January, and I would wager since the Second Great Ape Migration to r/SuperStonk we have continued that process of learning and have far more wrinkles now than we did in March. So what’s the hypothesis? In March many of us were knew investors and were not veterans of the great pennystock stop-loss raids. Those of us who knew or had ever experienced a stop-loss raid knew the number one rule when HODLing a stonk: DO NOT SET STOP LOSSES. My hypothesis here is a fair amount of the March flash crash were stop-losses being triggered. I cannot confirm the number of stop losses vs. shares short, so since the ratio in March and June is very similar, we are just going to use the numbers for June moving forward from here since I would wager very few of us still had stop losses set yesterday (If you still have them set, remove that shit or you’ll miss the rocket, I guarantee it \*cue Men’s Warehouse old dude\*) + +I am going to use the January and June flash crashes for the rest of this data, and while I’m sure many stop losses were triggered in January, and robbinghood did some fuckery with force-closing positions for those on margin, cuz it’s all we’ve got. I’ve waited to do this DD to analyze a third flash crash, and while none of these was perfect (except I would put my money on yesterday’s flash crash providing the best numbers simply because we have all forged our hands deep within the pressure of FUD and shills and MSM bullshit and they are all now solid diamonds so there were few legitimate sales of long shares). + +Comparing the January and June flash crash, June required an additional 140% of shares sold to decrease the price by $1 (compare 43,928 to 31,221). The Reported short interest for GME on 12/28/2020 was 71,196,206 (Ortex, see above). The following data is speculation, and it’s assuming those short did not cover a significant portion of the short interest prior to the Jan flash crash. Any percentage I put from here on is also the short percentage of the total outstanding shares. There has been a lot of talk as to the exact number of the available float from back in Jan (most assumed it was 50m, GameStop in their annual report put it at 26m then sold 3.5m shares which would make it 29.5m now, but that part doesn’t matter so much at this particular juncture). + +So the definition of Short Interest (not to be confused with short volume, that shit drove me crazy when people would use the term interchangeably back on r/GME) is the number of shares that have been sold short but have not yet been covered or closed out ([https://www.investopedia.com/terms/s/shortinterest.asp](https://www.investopedia.com/terms/s/shortinterest.asp)). + +Back to dilution. Remember the example I gave back in the beginning of this dissertation with the 10m shares short interest on a 70m outstanding security leaving 80m shares on the market? So let’s apply that example here to our favorite stonk. Shares outstanding is 70,772,000 and Short Interest was 71,196,206 reported. Add those two together and you get a diluted share count of 141,968,206 shares on the market. + +Let’s take that one step further. We know the flash crash that occurred yesterday took 140% of additional shares to drop the price each $1, which one could infer means GME has been further diluted since January. + +Remember: Dilution reduces the “power” of each share sold short because it dilutes the security and synthetically reduces the value of each individual share per the market capitalization. To make that simpler: Each share holds a percentage of the value of the market capitalization, if previously it took 1 share to equal 1 banana, now it takes 5 shares to equal 1 banana, therefore you have to put 5 shares of the banana on the market for sale in order to reduce the bushel by 1 banana due to the banana being diluted. + +So we went through how in January there were 141,968,206 shares oustanding, and now due to the diluted power of each individual share sold in June to the tune of 140%, it is reasonable to assume there are approximately 199,745,362 shares outstanding with dilution considered. Let’s take that another step and consider that number compared to the available float, that way we can REALLY see how incredibly fukd Mr. Mayo and his buddies are. + +The given Total Outstanding Shares is 70,772,000. Let’s take that and Subtract out all of the institutions and insiders listed in GME’s Official Proxy Statement ([https://investor.gamestop.com/static-files/8f795a88-54a3-4320-b3e2-a2d5f28be6c4](https://investor.gamestop.com/static-files/8f795a88-54a3-4320-b3e2-a2d5f28be6c4)) + +&#x200B; + +[Beneficial ownership of shares taken from GME Proxy Statement](https://preview.redd.it/o4er8q0gu7471.png?width=398&format=png&auto=webp&s=611e3781916c18bb39f5301f87c7dd66e2f05a0c) + +So according to GME’s proxy, there are 44,107,423 shares held by insiders and institutions, which leaves a float of 26,664,577 shares. Accounting for the ATM offering of 3.5m shares, we have a final float of 30,164,577 shares. + +So how deeply and truly fucked is mayo man? Well, using our dilution calculations and combining that with just the outstanding shares, we get a diluted value of 282% of the total outstanding shares on the market right now. Now don’t throw anything at me because that number is less than what you were hoping, remember, this is a percentage of the TOTAL OUTSTANDING shares, NOT the float. We do the calculation for the float, and Kenny-boy might turn into a scene from South Park just from reading the number. Wait, who am I kidding, Mayo man knows EXACTLY how very, incredibly fucked he is. + +Looking at the diluted value and comparing it to the available float, and we get 662.19% Holy good god damn, the boys at Goldman are probably shitting their pants looking at Kenny’s exposure and how he has not only fucked himself in trying to win the bankruptcy jackpot, but he has fucked everyone above and below and to the side and under his desk (give you a hint, its mayo, dude probably has a vat of mayo hidden under his desk). + +Well hope this gave out a few new wrinkles. Yes, I know the calculations are not exact and don’t perfectly account for the short exposure Shitadel and friends are sitting on, but it’s as far as estimations go, seems pretty legit to me, but who the fuck am I, I just put numbers in spreadsheets and snort crayons. + +If anyone wants to check my work or has more wrinkles and wants to throw some more data and make pretty charts and shit with my data, lemme know. Or if I’m completely off base and retarded as Kenny is fucked, then post up why and I’ll edit and correct. + +Hedgies are fucked worse than bananas in u/Rick_of_Spades kitchen. **Diamond FUCKING Hands.** +Hello! We (31F and 32M) are about to have our first (and very likely only) baby. We’re currently based in Sweden where we get to enjoy 480 days of shared parental leave, plus my employer offers another 180 days of paid leave. + +The 180 days from my employer are compensated equal to my full salary, but the 480 days from the government are capped at about 2700USD a month (after taxes). + +Disclaimer: We know we’re extremely fortunate to get paid leave at all. + +Here’s the but: +Our combined income is about 330k USD a year, of which I (F) earn the majority (circa 250k, from my employment and a business i run by myself). We would both like to take time off with the baby, husband 3-5 months and I would like to take up to a year. However, after my 6 months of employer paid leave, this would essentially mean our income will decrease by 2/3. On top of that, taking a year off may affect career development and future opportunities and earning potential, especially considering part of my income is from my own business where I work with clients. + +I feel like I am overthinking this and should just enjoy the time with our baby but also feel a lot of pressure to keep working so we can achieve our (fat)fire goals. + +We have about 950k USD in assets, savings and real estate so far. + +Any advice or thoughts? It seems rare to have the mom be the higher earner which is why I’ve found it really difficult to find input on this or even discuss with friends. +Most of us are familiar with positive reinforcement, which is where a reward is given to the subject at or around the time of the behavior being trained. This makes that behavior more likely to occur in the future because the subject is driven to consistently perform those behaviors he or she perceives as rewarding. + +With negative reinforcement what happens is that the subject is exposed to aversive, unwanted stimuli for all behaviors except the desired behavior being trained. At or around the time the desired behavior is enacted the aversive stimuli is lifted. This makes that behavior more likely to occur in the future because the subject is driven to consistently perform behaviors he or she associates with the lack of punishments. + +Positive and negative reinforcements are the two main training methods for making desired behaviors happen more often. Obviously we’ve been exposed to very few positive reinforcements by our ‘trainers’ and a metric shit ton of negative reinforcements. + +They need us to sell. That’s the behavior they’ve been trying to reinforce. But it didn’t work. As training subjects we revolted. Actually all the negative reinforcements they threw at us over the last year, the massive FUD campaign and tanking the price hard, inspired the opposite of the behavior they were trying to train. + +Not only did we not sell. We all bought a lot more. + +Positive reinforcements didn’t work at all either. The best they could do was try to entice us with the sneeze price points and hope mid 400s was positively reinforcing enough to sell. Then they tried the reward angle a few more times over the year where they ran the price up. + +So all they’re left with is extinction, which is a training technique not meant to make a behavior occur more often but rather to try to stamp it out. + +That’s what we’re being exposed to now more than ever, where they make it seem like regardless of what we do we’ll have no effect whatsoever on price movement or systemic change. While the negatively reinforcing MSM pieces are still being written on the daily those are for the general population. What we’re receiving is nothing. No movement by SEC or other bodies despite our pleas, no sign that our buy orders can have any lasting impact on price movement. + +Being exposed to extinction is a painful, frustrating, laborious process for any organism. But the fact that they’re reduced not to trying to get us to sell, but simply to give up on the behaviors of buying and investigating rampant wrongdoing, is positively reinforcing! You better believe they are sweating behind the scenes. + +And so to the behavioral psychologists working for the opposition, I raise my middle finger in the air and wave it around like I just don’t care. I will never stop buying. Never. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Let me first say that I love this community along with all of the mods and we are working diligently to prevent any serious action against the sub. We have received warnings about brigading and we take these VERY SERIOUSLY, so as a result we are hoping to enforce our [NO BRIGADING rule](https://www.reddit.com/r/Superstonk/comments/o80eky/no_brigading/) as well as minimize the amount of posts we need to moderate to make sure this can be enforced. + +Due to a very popular reddit subreddit going private due to apparent legal issues (Edit: It appears it is back online for the time being, but that is besides the point), we are increasing our timeline to enforce these policies. Please understand this is NOT an attack on the community but rather a dire attempt to protect it. I am hoping all of you can work with us on this and not make the situation worse. Thank you. + +[Let's take this seriously.](https://preview.redd.it/qa1czpggg1971.jpg?width=656&format=pjpg&auto=webp&s=36b2ee416cafcea9708079f7fb917941082d5226) + +# Increased Karma / Age Restrictions - Effectively Immediately + +I have reached to reddit admins to explain that we are on this and taking it very seriously, and I have initiated a vote with the mods to increase the karma restrictions. Therefore, effectively immediately, the restrictions are now as follows: + +&#x200B; + +||Karma (old)|Karma (NEW)|Age (old)|Age (NEW)| +|:-|:-|:-|:-|:-| +|Posts|2000 karma|8000 karma|120 days|240 days| +|Comments|500 karma|2000 karma|60 days|120 days| + +\*Please note that Award Karma does NOT count toward this, and that Approved Users will bypass these restrictions. Also, please note that other automod rules still apply to Approved Users. + +Please note that these are emergency restrictions and once we know more about the situation, we will relax these restrictions so that all apes can comment. However, we NEED to be able to successfully moderate the sub and this increase will help us do that effectively. Thank you all for understanding. + +[These limits are TEMPORARY - and for security and moderating purposes primarily.](https://i.redd.it/cjkbvivog1971.gif) + +# NO BRIGADING + +Brigading is discussing other subs in a negative light or in a way that they will not appreciate. As a result, we have already implemented a [NO BRIGADING rule](https://www.reddit.com/r/Superstonk/comments/o80eky/no_brigading/) and will be enforcing it diligently. We urge all of you to report posts that violate this rule: + +>Under NO circumstances, will brigading be tolerated on this subreddit or any other. Individuals who are discovered to be participating in this, risk being permanently banned for this reason. +> +>Brigading includes: - organized voting on other subs - harassing other subs - using [r/Superstonk](https://www.reddit.com/r/Superstonk) to defame other subs - posting screenshots from other subs +> +>Additionally, Reddit Admins have placed an irremovable code into our automod that prevents linking other subs entirely. + +Additionally, we have updated automod to include several key phrases and terms that are often use to represent other subs. Please avoid using these terms. We WILL be removing those under the NO BRIGADING rule and doing so more intensely if you try to circumvent the automod. Do not do it. Just stay focused on GameStop and use other mediums to discuss this content. + +I am okay if you want to discuss the suit against reddit if specific subs are omitted. Thank you for understanding and helping to make this subreddit the best on reddit. + +[Stay focused.](https://preview.redd.it/4jbk6bshg1971.png?width=849&format=png&auto=webp&s=8baa1b097ab0163681c5197a17f51f6c14ca494c) + +# GameStop: To the Moon! + +Let's all remember why we are ultimately here. It is not to push r/Superstonk to the top of the lists, but rather to have a safe and secure space to discuss our most favorite stock, GameStop (GME), and to build a community that rivals nations. Let's encourage each other to stay focused, and not get distracted by anything else. There is no reason to deviate from this discussion. + +I would like to remind you that our rules are designated to focus on GameStop stock, and not to focus on demeaning or engaging with other subreddits. You can discuss whatever you want in private chats, in Discord, and on Twitter. I ask that you please confine off-topic discussions to those avenues. + +[Art by u\/YoungbloodAA ](https://preview.redd.it/xxrczikjg1971.jpg?width=3840&format=pjpg&auto=webp&s=0b1b37824e5d255eacec0c11544bdcb3e9a55e93) + +# Remember: We are on Twitter + +[**https://twitter.com/ByeTriangle**](https://twitter.com/ByeTriangle) + +[**https://twitter.com/PinkCatsOnAcid**](https://twitter.com/PinkCatsOnAcid) + +[**https://twitter.com/RedChessQueen99**](https://twitter.com/RedChessQueen99) + +[**https://twitter.com/rensole**](https://twitter.com/rensole) + +[**https://twitter.com/u\_sharkbaitlol**](https://twitter.com/u_sharkbaitlol) + +[**https://twitter.com/BradduckF**](https://twitter.com/BradduckF) + +[**https://twitter.com/grungromp**](https://twitter.com/grungromp) + +[**https://twitter.com/StonkSandwich**](https://twitter.com/StonkSandwich) + +[**https://twitter.com/MetaMadie**](https://twitter.com/MetaMadie) + +**We are also on YouTube:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[ook ook!](https://preview.redd.it/yv59wd0tg1971.jpg?width=1280&format=pjpg&auto=webp&s=57c654f8e403e3c8f783f54faf748bce35e2f51d) + +# Let's all remember that reddit has its policies and rules and we should be following them regardless of our personal takes. Please confine off-topic discussions to other social media and private chats. Thank you! + +EDIT: While certain subreddits are now back to Public view, we are going to leave these restrictions in effect, at least for the weekend. I think we have a flood coming, of new users and discussion, and therefore think of this as "the levies" being raised. Approved Users will see no difference, and if you truly want to be added, you can contact a moderator who can fast-track this process, if you have solid post history. Thank you all for understanding. We are simply doing what we think is best for the subreddit, and know that all of this will be relaxed when things settle down. + +EDIT 2: I just noticed the table up top showed 3000 karma for commenting, but it's really 2000 karma. This is a typo because we changed it last minute to something more reasonable. You can see this has been reflected in the rules and wiki. Sorry for the confusion. +This is Part 4 of the series since I can't post too many pictures in one post. + +[Part 1: Major assets vs. GME](https://www.reddit.com/r/Superstonk/comments/vyv5xl/part_1_critical_margin_theory_shown_in_price/) + +[Part 2: The behavior of "normal" stonks](https://www.reddit.com/r/Superstonk/comments/vyv7u2/part_2_critical_margin_theory_shown_in_price/) + +[Part 3: Basket stocks in comparison](https://www.reddit.com/r/Superstonk/comments/vyv8ri/part_3_critical_margin_theory_shown_in_price/) + +[Part 4: Kenny's world is crumbling](https://www.reddit.com/r/Superstonk/comments/vyv9x4/part_4_critical_margin_theory_shown_in_price/) + +# Summery of Parts 1 - 3 & Introduction to Part 4 + +This is essentially one continuous post, that I had to split into 4 parts due to the limitation of the number of pics allowed per post. I highly recommend checking the other parts as well. + +We've seen how GME acts in relation to major assets and how it is prevented from crossing a certain price ratio, seen how "normal" stocks look like in comparison but also how other basket stocks behave. + +This is where things get spicy. + +The big question becomes: **Why** is GME prevented from crossing a certain price ratio with most major assets? And more importantly: Where exactly did Kenny get his lil PP stuck in this big ass jar of mayo? + +# Critical Margin Theory + +The answer is probably quite simple really. It can't just be explained by GME itself because in each of those charts there are **two** factors involved: GME itself and some other ticker that is **not** a constant. + +Since the second ticker in those charts is not a constant but a variety of different and (more or less) unrelated assets such as indices like SPY, QQQ, US2000, futures, crypto and what not there should **not** be such a connection for each of them with GME in the form of a line (=price ratio) that it clearly bounces off each time. + +The most logical explanation to this relation is probably the simplest: + +* They're all collateral for their massive short positions. When GME has a run up they risk having their shorts under water and getting margin called (the "critical margin line" apes have been posting). +* To kick the can down the road they either short GME back down (costly or digging their graves deeper with synthetics) and/or pump all those other major assets they are using as collateral to keep a certain ratio (also costly when others are cashing out due to an economic downturn). And yes many people noticed already that as GME went up (e.g. on positive news), the whole market suddenly turned green shorty after, even on negative global/economic news, such as yesterday. + +But is there a way to get a clearer picture of this? Let's have a look at... + +# Shitadel's portfolio of long positions aka collateral + +Well we can go back and have a look at individual stocks Kenny keeps in Citadel's portfolio of doom, see how they relate to GME and check whether we can see any connection there as well. (Disclaimer: due to the 20pic limit per post I'm not including all their longs but it's still a big chunk.) + +&#x200B; + +[AAPL\/GME](https://preview.redd.it/qg8xsq18zib91.png?width=1243&format=png&auto=webp&s=b056e5e1312f143947ad2e7978ac394f6a95523b) + +&#x200B; + +[ADI\/GME](https://preview.redd.it/d5fircodzib91.png?width=1243&format=png&auto=webp&s=70dfc535b7df2e5f4d7fe667fd0e0c12c5074506) + +&#x200B; + +[AMD\/GME](https://preview.redd.it/3rlkq7gezib91.png?width=1243&format=png&auto=webp&s=21d223236b25c76d4f8f10de873f5934fac4c9a3) + +&#x200B; + +[AMZN\/GME](https://preview.redd.it/w0sk5abfzib91.png?width=1243&format=png&auto=webp&s=19cf7f7e90b98aacbad219fb1d3f168fd939fac7) + +&#x200B; + +[BABA\/GME](https://preview.redd.it/b0knvn3gzib91.png?width=1243&format=png&auto=webp&s=b0470308b0c3e598f44f2dd994628dce8f5822ce) + +&#x200B; + +[DHR\/GME](https://preview.redd.it/jv69o9zgzib91.png?width=1243&format=png&auto=webp&s=10835cb8b068c451e7d48cc7f5c82241043ed7fe) + +&#x200B; + +[KO\/GME](https://preview.redd.it/o13av1vhzib91.png?width=1243&format=png&auto=webp&s=4eb583889e63023461b2f2e90308d9a76af7bd67) + +&#x200B; + +[LOW\/GME](https://preview.redd.it/jqjp84zizib91.png?width=1243&format=png&auto=webp&s=a0c15693864e9ccb95a21b6dab75f7bd8ef5816d) + +&#x200B; + +[MCD\/GME](https://preview.redd.it/amvd1fujzib91.png?width=1243&format=png&auto=webp&s=f8d802f9cd4109ae6f472aac070db997e43b95f3) + +&#x200B; + +[MSFT\/GME](https://preview.redd.it/luqteihkzib91.png?width=1243&format=png&auto=webp&s=3f12cbf724cd2eac6cd1d5dd24bd41f90f1e1f3f) + +WELL FUUUUUCK ME, all of them play along. All of them display this clear as day trendline, which should not be happening naturally when putting several completely differing and disconnected stocks in relation to GME. + +Again: kind of similar charts **are** to be expected since one of the two factors is always the same. But an obvious trendline, which again in this case means a "price ratio", across so many different assets should **not** be there. Unless there is a connection between all of them. Which in this case we already kind of knew there is. Meet Kenny. + +# But Kenny's world is crumbling... + +It will be interesting to see how long they can keep this up for and avoid getting margin called. Just take another look at the SPY/GME chart again (see part 1), which after all is representing both the broader market as well as being one of Kenny's longs: Yesterday was the first day since June 8th 2021, where we visibly broke through the trendline. Unsurprisingly they pushed us back up a hair above the trendline just before close. I assume because Kenny was afraid of Marge or something? + +Anyway, as you see in Kenny's charts of continuous pain above, these hold quite well for now (or are just right at the trendline). But from Kenny's longs there are also quite a few that have already broken through that trendline. Big names even, where some are listed in the SPY, which also explains why SPY/GME is also on the verge of crossing. Take a look: + +&#x200B; + +[CRM\/GME](https://preview.redd.it/hhkhd2303jb91.png?width=1243&format=png&auto=webp&s=9b78230aaab81eab5c78f259e3cbce339f4e8ffa) + +&#x200B; + +[GE\/GME](https://preview.redd.it/tya5cp813jb91.png?width=1243&format=png&auto=webp&s=f129c1297510d74da643e4c03649300eedc69dfe) + +&#x200B; + +[GM\/GME](https://preview.redd.it/li9003f53jb91.png?width=1243&format=png&auto=webp&s=295298671110100b64e86581028716642b477c4d) + +&#x200B; + +[GOOGL\/GME](https://preview.redd.it/ndy1drm63jb91.png?width=1243&format=png&auto=webp&s=aacd6a9b84f6f4a4714d9484ecc0409d92dc7bbf) + +&#x200B; + +[META\/GME](https://preview.redd.it/b442ap283jb91.png?width=1243&format=png&auto=webp&s=4c091c8534b05f1b47b847733452106aa46384c3) + +&#x200B; + +[NFLX\/GME](https://preview.redd.it/er485z593jb91.png?width=1243&format=png&auto=webp&s=c1584f5d12744c758605b8b642149c5804e2adee) + +&#x200B; + +[NVDA\/GME](https://preview.redd.it/y8lodv0a3jb91.png?width=1243&format=png&auto=webp&s=c7c744ec8a2ea1f2503d974a6e9cfa6765d08c3b) + +&#x200B; + +[SNAP\/GME](https://preview.redd.it/buc7403b3jb91.png?width=1243&format=png&auto=webp&s=28320a65edb922fb44352ae4c00a5c5b2482c5dd) + +&#x200B; + +[UBER\/GME](https://preview.redd.it/zpwi38zb3jb91.png?width=1243&format=png&auto=webp&s=9d19239974dea19a0e534a25de76e52946471639) + +# Conclusion + +Tick tock Kenny. I see some dead collateral of yours and some that is about to be crossed by GME as well. + +It's a trust me bro moment I reckon, but I have a feeling as u/ultrasharpie also pointed out, that when we truly cross on the SPY/GME chart, shit is about to hit the fan. And to jack your tits some more, if we continue to push through it this week, this will more than likely also coincide with pushing through the bull flag we're currently trading in the normal GME chart. Whoops MOASS or something? + +Well that or they manage to short GME back down again. But with the NFT marketplace, splividend, FOMO and who knows what kind of announcements are about to be dropping soon, I have a feeling Kenny is already starting to choke on his mayo. + +# + +# Edit: The casino is open + +Lets have a look at SPY/GME just after market open. + +[SPY\/GME crossing. Wen Marge call?](https://preview.redd.it/j1sqdzygijb91.png?width=1243&format=png&auto=webp&s=8bab79c35023367c80e0eb768cf1fb58d9ae376e) + +Whoopsie... Also checked some other assets like Bitcoin and they also crossed today. So MOASS is tomorrow. Unless it's today. +X-post from /r/legaladvice + +Found out recently that me and another person share the same SSN. It's crazy. We have the same SSN and even the same birthday and birth year, but our names are totally different and we live several states apart. I'm in the process of requesting a new SSN and was told it could take months for SSA to review my application. In the meantime, how do I get this addressed with the credit bureaus? + +I actually found out about all this because I'm trying to buy a house and the loan officer asked if I ever went by a different name or lived in a different state. This prompted my curiosity and I pulled my own credit report later. Sure as shit I have a FICO score of 820 (I'm not complaining!) but there are 26 accounts listed (of which 11 of those I know for certain are mine) and there are past employers and residences listed that are definitely not mine. I saw the other "known name" as well and plan to call them about all this once I figure out what to say lol. + +But yeah, based on what I saw in the merged report, the other person is perfectly responsible with finances. I am as well, but I still want to get separated because we are definitely not the same person. How do I do this??? +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 just had a friend text me worried about the price and he “read something on superstonk” about the price going down hurting apes. + +Read this whole thing. + +**JAN IS NOT THE MOST SIGNIFICANT** + +**On Jan 21st, yearly options expire** you may have heard these referred to as LEAPS. We also know that Jan 21st is the expiration of the 100 million shares worth of Brazilian $0.50 puts. + +Please understand, those puts are worthless. They won’t do anything for price action. Those deep out of the money puts (**DOOMPS**) are only used to cook the books. The theory is that they are using those options to mark long shares so that they can hide the true short interest. When those options expire we will either get real data about the short exposure or they will spend some of that juicy 1.2Billion they just got to buy Jan 2023 puts and nothing will happen. + +The real significance of Jan 21st is that its the SLD deposit day. That means banks and market makers have to deposit money with the OCC (options clearing corp) equal to the amount of options. They get that money back 7 days later on Jan 28th. + +This is what happened last year. They deposited money and were broke to suppress price the week of the Jan sneeze. Things got out of hand, options were getting exercised in hoards. The OCC wanted more margin. They shut of the buy button, got their money back from OCC and dropped the price to $40. + +On Jan 21st they are broke and exposed. They know that, we know that, and they know we know that. So leading up to Jan 21st they will push as many calls OTM as possible and they are prepared with cash. + +I think they are ready for the SLD week and they expect that if nothing happens on Jan 28th that people will think we were wrong about MOASS and move on. + +**I’m not going anywhere.** + +Jan doesn’t matter to me. I can celebrate it by DRSing shares at a 2 for the price of 1 discount. + +The true significant day for me and **ABSOLUTE PROOF** in my opinion that **the DD is right** are futures rollover cycles. + +The first notice is 2/24. Last year the price went from $40 to $180. + +GME trades 1 million volume a day for WEEKS and then all of a sudden we have a day with 30 million+ volume. And media has to say “I guess retail must have all decided to buy shares today due to Ryan Cohen tweeting poop last week” to explain the volume surge. + +Really? And this has happened every single quarter? Where we all organize to buy millions of shares on the same day? And conveniently that has lined up with futures roll 3 times in a row? + +I don’t think so. I think you are fucked Ken Griffin, financial terrorist, lied under oath to congress, owner of Citadel Securities Kenneth Griffin lied. +(Allegedly) + +**The price.** I personally don’t want it to go up. The only number I want going up is the amount of GME shares in my account. And the current price makes my most important number go up twice as fast. + +Why do I want the price at $250? So I feel better? + +I feel better when I buy 10 more shares than I could have and think to myself: “mom you’ve worked really hard, these 10 are for you.” + +“Sister, you don’t have to shed anymore tears about your student loans” + +“Brother, you don’t have to leave the state and move away from your loved ones to afford a home for your family.” + +“Babe, no more 10 hour days to afford this house we barely spend time in.” + +“Dad. You know those hospital bills from your stroke? The ones you have because this stupid ass broken healthcare system in this stupid ass, broken, greedy country? These 10 are for you.” + +**Buy** 2 for 1 discount. **Hold** (pft. easy). **Shop** GameStops sweet deals. **DRS** book entry. And don’t forget MOASS is tomorrow. +My 18 year old daughter became interested in trading after seeing, and tolerating, me doing it for years. I told her if she practiced in a sim and was profitable with good trades(no yolos) and could consistently follow a strategy and show me a journal for 3 months straight. I would fund her a 30k account to trade with. I was careful not to try to “teach” her to trade or influence her thought process on it. Every trader needs to find what works for them. She really does not know much about the economy, nothing about the market, doesn’t really understand profit and loss statements. Doesn’t watch the news. But she was able to grasp a couple simple strategies on trend following from watching Oliver Velez on YouTube. And she understands red and green bars and how they may be likely to move in relaxation to a couple moving averages- at least for the next ten minutes. Since she has no emotional baggage about money or profit or loss, she is amazing at following her simple rules, taking her entry and applying a stop each and every time. A small loss rolls right off her back just like getting blown up in a video game. She knows she can just hit reset and enter another trade in a few minutes. Her performance is arguably better than mine. I am about to have to cough up 30K. If this could be an example for new traders, forget what you think you know about the market, forget trying to be a professional investor when you don’t have the skill. Find a very simple strategy, forget all the noise, and simply repeat it. Quit trying to make big profits or emulate traders and the large profits traders post who have been trading for years. I think if more traders did this a lot of market tuition could be saved. (Edit: Before you think she has too much privilege, I am a capitalist, she needs to give me some profit split initially as payment to me loaning her the trading capital.) +My credit score has been garbage since I was 18 due to medical bills and my own ignorance. I’ve been living on edge for over 10 years because I knew if my car crapped out, I would be screwed because there was no way I was ever going to qualify for a loan and I couldn’t save any money because I made so little. After YEARS, of working on my credit score and busting my ass to land the job I have now, I have officially bought my own car all by myself. I was shaking when I drove off. I’m still in disbelief. I never thought this day would come but it has and I am so grateful to this sub and all the tips you’ve provided. IT GETS BETTER! + +Edit: I just want to say thank you to everyone who has commented and been supportive and uplifting about this moment that I am very proud of in my life. You guys are the reason this sub works and it’s important we all support each other and help share ours successes and failures. + +As for all of you that have felt the need to criticize my car choice or that I had to use a loan for the vehicle, this isn’t r/personalfinance or r/leanfire this is r/povertyfinance. This is where you try and get afloat so you can reach the next level and that’s exactly what I’m doing. I’ve been spent years working to get to this moment so I obviously planned it out and reviewed all the risks. Why would I do something that would make my life worse? + +If you see someone on here who wants to be happy about their successes, just let them. Your negativity is exactly why people like us sometimes feel we can’t get better. +[Guardian article](https://www.theguardian.com/business/2020/aug/30/no-return-workers-offices-could-cost-uk-economy-480bn-pounds-cebr) + + +The UK economy could lose almost half a trillion pounds of output if workers fail to return to their offices, a study estimates. + +Douglas McWilliams, a former chief economic adviser to the Confederation of British Industry, has warned the economy will not return to its pre-pandemic size until 2025 if home working continues in its current form, which would add up to at least £480bn in lost activity. + +McWilliams said: “‘If we carry on working at home when at least half want to return, we run the risk of turning into a 90% economy with GDP stuck a 10th down off its peak.” + +The research, conducted for a client of McWilliams’ consultancy, the Centre for Economics and Business Research (CEBR), comes as one of the UK’s biggest employers plans to permanently close nearly 100 offices.. + +Capita, the outsourcing group that runs the London congestion charge, confirmed reports that it is preparing to close more than a third of its 250 offices across Britain. + +The move will be seen as a huge blow to the government’s efforts to persuade commuters to return to work in their offices, as thousands of businesses rely on bustling urban centres. + +Last week one of the best known, the sandwich chain Pret a Manger, added to the worries about how sustained remote working would impact businesses by saying it planned to cut nearly 2,900 jobs following the desertion of high streets. + +Meanwhile, many companies have signalled they will continue to allow staff to work from home, an indication that the pandemic has prompted a major shift in the office-based culture that has been a hallmark of City firms for generations. + +The accounting firm PricewaterhouseCoopers and the fund manager Schroders are to allow the majority of staff to continue to work from home. NatWest Group – also the owner of Royal Bank of Scotland – has told 49,000 of its 65,000 staff to keep working from home until 2021. + +McWilliams added that the damage from a permanent shift to home working would be severe because the economic activity generated by commuting and socialising could not be replicated by people working from home. + +However, the CEBR forecast is based on nothing changing with home working, which McWilliams stressed “more likely it will”. +Hello, my name is Jess. I’m 17 going on 18, and a senior in high school. Due to a complicated family relationship, I’m more than likely going to be kicked out after I graduate (In June.) I don’t know what to do. + +My high school is a trades school, so I have some of my intro IT certifications. I don’t have a car or any savings, but I am employed now. I live in Philadelphia, and grew up here. + +I don’t know where I can go and afford to live. I don’t know if I’m going to college, I don’t think I can afford to. There is a community college in the county above me that offers student housing, but I would end up in a LOT of debt. I don’t know how I will get a job that supports me without going to college, but I don’t know how I’ll have the money to even keep a roof over my head and make payments to a college. + +Does anyone have tips living on your own as a just graduated 18 year old? Should I go to college in the fall? I have no financial aid because my parents make too much, but they won’t even be supporting me. +Dozens of apes were just doxxed in the new DTCC filing. If your email appears in that filing after page 42 I'd highly recommend you do these two things at the very least: + + - Update your current email password. + - Make a new email through an encrypted service such as Protonmail, and re-link your brokerage accounts to it just in case. + +And for some added security, if these features are offered: + +- Verify your backup email +- Enable 2FA / MFA + +Emails can be linked to other breached datasets and apes could be targeted after the squeeze. The information in that filing is now public. Be careful out there. + +--- + +EDIT: I'm referring to https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf + +Starting on page 42 +We are spending this month in France, leaving behind our house vacant in the UK. It is a Victorian listed property worth about $2m. + +Some are suggesting we try home swapping instead of Airbnb but wife is unsure about this. + +Anyone experienced with primary home exchanging? I found a few websites that offer introduction services to other home owners but wonder what others' experience is. + +It sounds like a terrific idea on paper at least, since we intend to spend every August away for the next 15 years. +I recently worked with a colleague who had done work at a HFT firm. His main project was building custom network interface cards, essentially what you plug your Ethernet cable into. Usually, lots of different kinds of traffic get sent across computer networks. Your NIC accepts many packets that may not be destined for your machine, analyzes them, and then discards them. At this firm, their NICs were built and programmed to ignore every single packet that wasn’t literally coming directly from an Exchange. Even the microseconds spent checking those extra packets were optimized away. Really gives you an idea the level this stuff goes to along with the usual talk about shorter cables or microwave beams. Super cool! +I recently worked with a colleague who had done work at a HFT firm. His main project was building custom network interface cards, essentially what you plug your Ethernet cable into. Usually, lots of different kinds of traffic get sent across computer networks. Your NIC accepts many packets that may not be destined for your machine, analyzes them, and then discards them. At this firm, their NICs were built and programmed to ignore every single packet that wasn’t literally coming directly from an Exchange. Even the microseconds spent checking those extra packets were optimized away. Really gives you an idea the level this stuff goes to along with the usual talk about shorter cables or microwave beams. Super cool! +Hey guys, I just wanted to wish everyone in this thread good luck for 2021. + +For many, 2020 has been a tough year for trading. I know many people who quit trading or have had lasting damages to their finances. It’s a situation no one wants to find themselves in. + +One piece of advice I’d like to put out there in the world the world. I’ve seen a ton of posts the last month or 2 asking “how much should I target this month/week/day?”. +My advice, don’t aim for a target, this is how you end up forcing trades that aren’t great set ups to “make your quota”. Take what the market gives you. The best trades are sometimes the ones you didn’t take. + +Best of luck friends. +Let’s get them pips. +Me and my wife found a really great deal on a house and are trying to figure out how to make the down payment. My wife has < 20,000 in her 401K but no longer works at a job that offers any benefits so the money is essentially just sitting there. We have a baby on the way and she's not planning to work anywhere anytime soon that offers benefits / 401K so the account won't be growing (aside from interest). + +Since the money won't be growing *much* we're trying to decide if we should just withdraw all of it so we have cash on hand for when a good opportunity comes along to buy a house or keep it in there, since we know the tax implications and fees associated with withdrawing early may make it not worth it. + +Thoughts? +My wife and I make a combined 95k/year but we always seem to be behind on bills. We have 2 car notes, our house, and about 25k in credit card debt. Our net income feels like it should go much further than it does, but we are always penny pinching at the end of the month. How do we get out of this? +Charlie Munger bought BABA and is continuing buy. Li Lu bought BABA and then sold it all. Li Lu then bought PDD a competitor of BABA. And Warren is not participating at all. + +Why would Charlie and Li Lu, who talk to each other fairly frequently, buy competing companies? And in fact Li Lu bought Charlie's investment, BABA, and then said "nope sell all and buy thier competitor." And Warren who is setting in cash looking for investment opportunities chooses not to participate. + +It makes very little sense. Any help understanding this would be great. +First of all, thanks for all the support in writing this DD, this will be my first so it might not be the most professional. + +# TL;DR: price target of $2.25, $3.6, $4.5, $5 (see valuation) + +Goedecker (GOED) is an e-commerce business that sells appliances and furniture in the US. A reverse merger happened in Q2 2021 which caused massive share dilution and financial misrepresentation. The legacy Goedecker acquired Appliances Connections in a deal valued at 200 million (via share dilution etc). Legacy Goedecker is not a very well managed business, making 56 million revenue in 2018 and 55 million in 2019. Appliances Connections on the other hand is the real deal, making around 300 million revenue in 2020, 540 million revenue in 2021, and currently expected 640 million revenue in 2022. [https://www.appliancesconnection.com](https://www.appliancesconnection.com) + +The best part is that the management team from appliances connection moved to the current Goedecker along with the CEO and others. They have made management changes and hired new talents. More can be viewed in ([https://investor.goedekers.com/overview/default.aspx](https://investor.goedekers.com/overview/default.aspx)) and their presentation ([https://s25.q4cdn.com/225826556/files/doc\_presentations/2022/05/GOED-Q1-2022-Investor-Presentation.pdf](https://s25.q4cdn.com/225826556/files/doc_presentations/2022/05/GOED-Q1-2022-Investor-Presentation.pdf)). Their CEO Albert Fouerti ([https://thecorporatemagazine.com/building-a-brand-albert-fouerti-business-leader/](https://thecorporatemagazine.com/building-a-brand-albert-fouerti-business-leader/)) started Appliances Connection with his brother Elie in 1999 and is now a well established, growing e-commerce furniture and appliances retailer. + +Competitors that has similar business model: Overstock, Wayfair, AJ Madison + +Competitors in appliances and furniture industry: Lowes, Ikea, Home Depot, Best Buy, Sears etc. + +&#x200B; + +# First of all lets check out their financials: + +Goedecker is a misunderstood company, with a market cap of 170 million it is not on most people (and funds) screeners, because of this it is currently severely undervalued, exacerbated by the fall in various stock indices. + +Secondly, the reverse merger happened in Q2 2021 so their combined revenue and earnings are only shown for Q3 2021, Q4 2021, and Q1 2022. This means their FY2021 revenue and earnings and not a clear representation of the business since Q1 and Q2 are 'hidden' in stock screeners. + +[https://www.sec.gov/edgar/browse/?CIK=1810140&owner=exclude](https://www.sec.gov/edgar/browse/?CIK=1810140&owner=exclude) + +According to the 10K, FY2021 revenue is at 362 million (doesn't include Q1 and Q2), likewise net income is at 7.6 million without taking the first half of the year in consideration. Then looking at the pro forma which: + +> +The following unaudited pro forma results presented below (in thousands) include the effects of the AC and AG Acquisitions as if they had been consummated as of January 1, 2020, with adjustments to give effect to pro forma events that are directly attributable to the acquisitions. + +Shows (**proforma**) FY2021 revenue is at 541 million, while net income is at 27.9 million. + +Taking pro forma into account (according to earnings call transcripts and ER [https://roic.ai/transcripts/GOED?y=2022&q=1](https://roic.ai/transcripts/GOED?y=2022&q=1)), we can interpret the revenue and earnings as: + +|in millions|Q1 2020|Q2 2020|Q3 2020|Q4 2020|Q1 2021|Q2 2021|Q3 2021|Q4 2021|Q1 2022| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Revenue|66.8|91.5|102.2|109.7|123.7|140.1|141.9|142.7|152.8| +|Net income|2.6|0.8|(3.2)|(11.4)|15.6|17.3|6.5|(11.5)|5.9| + +* I've calculated the revenue as Q3 revenue = Nine month ended proforma - six month ended proforma etc. +* Q1+Q2+Q3+Q4 = 548.4 million which doesn't add up to 541 million, this is likely variances in accounting and if anyone knows why please comment below +* The sum of FY2021 net income extracted from various 10Q pro forma accounts doesn't add up to the 27.9 million stated in the FY2021 10K. This is likely also due to accounting differences, most likely older pro forma did not take into account the loss occurred from Goedecker's side. +* The high Q1 & Q2 2021 net income is likely from tax rebates due to covid and net loss in 2020, although this is unspecified in 10-Q. +* Take the chart above with a grain of salt. However the company confirmed: + * 541 million revenue in FY2021 + * 27.9 million net income in FY2021 + * 370 million revenue in FY2020 + * \-11.2 million net loss in FY2020. (possibly used to tax harvest FY2021 Q1 and Q2 tax rebates, explaining the high numbers) +* Eitherway, take the above information only as a reference as pro forma and reverse mergers are difficult to calculate and often unaudited. +* Below are some footnotes in the FY2021 10-K which I think would help us understand some of the issues above. + +>*Income tax benefit (expense)*. We had an income tax net benefit of $4.4 million for the year ended December 31, 2021, as compared to an income tax expense of $0.7 million for the year ended December 31, 2020. As a result of the Appliances Connection Acquisition, the Company is able utilize previously derived net operating losses, as it is more likely than not that the Company will be profitable. +> +>*Net Income (Loss)*. As a result of the cumulative effect of the factors described above, we had net income of $7.7 million for the year ended December 31, 2021, which included net income of $30.6 million from Appliances Connection for the period from June 2, 2021 to December 31, 2021, as compared to a net loss of $21.6 million for the year ended December 31, 2020, an increase of $29.2 million, or 135.6%. Excluding Appliances Connection, our net loss increased by $1.4 million, or 6.3% for the year ended December 31, 2021. + +# Future Growth: + +On the Q1-2022 Earnings Call, the CEO reiterated their Q4 target that: + +>We forecast high teens to low 20 sales growth for the year compared to 2021 pro forma sales and gross margins and adjusted EBITDA margins relatively flat to our 2021 full year pro forma results, which were 23.3% and 9% respectively. + +With revenue of 152.8 million in Q1 2022, and their expectation of 16-22% revenue growth rate from 541 million (FY2021), we can extrapolate the revenue will likely fall somewhere between 620 to 660 million. + +Analysts (only 2 lol) [https://finance.yahoo.com/quote/GOED/analysis?p=GOED](https://finance.yahoo.com/quote/GOED/analysis?p=GOED) expects: + +|in millions|FY2022|FY2023| +|:-|:-|:-| +|Revenue|636 (17.6% growth)|731 (15% growth)| +|EPS est. (avg)|0.21|0.3| + +&#x200B; + +As stated in Q4 and Q1 earnings call, their quarterly fill rate is at 3.5% + +>The definition of fill rate is the percentage of customer orders you're able to meet without running out of stock at any given time. A strong fill rate is at or near 100%, meaning you're able to fulfill all of the wholesale sales you make without stockouts, backorders, or lost sales. + +Albert Fouerti in Q1 2022 Earnings call + +>Unfortunately, I mean, it's almost holding steady to what it was in the past, I would say Q4 of 2021. We're looking anywhere from about 63.5%, 63% of fill rate. We're still struggling with the same struggles that we had in the past. Hopefully, we're looking forward to the next Q2 or Q3 to get some type of relief in the supply chain. + +Albert Fouerti on Q3 2021 Earnings call + +>Our historical highs anywhere from eighty five percent to ninety percent and that's really what we're trying to get to in 2022 + +Increasing fill rate back to even 75% will increase their sales by at least 10% which is a bonus on top of their organic e-commerce appliances/furniture sales growth. + +Albert Fouerti in multiple Earnings calls + +>We continue to believe that we are well on the way to becoming a company with $1 billion in annual sales in the next few years + +# Now the juicy part... Valuation: + +*Currently trading at $1.6 (as of writing)* + +Oustanding shares = 106.4 million + +Warrants (1:1) = 92.5 million (weighted-avg exercise price of $2.3 with contractual life of 4.42yrs) + +* What warrants does is essentially give investors the right to purchase the share at the exercise price, the company will issue these share (dilution), however the company receives the cash which adds to their enterprise value + + +**Assumption 1 (Pessimistic basis):** + +$GOED trading below weighted avg $2.3 so warrant dilution is minimal. Outstanding shares remains at 106.4 million + +Net income is lower than FY2021, from 27 million --> 20 million + +20/106.4 = 0.189 EPS + +Assume expected revenue growth of 15% CAGR, PE of 12: + +**0.189\*12 = $2.27 (42% upside)** + +&#x200B; + +**Assumption 2 (bear case):** + +As supply chain crisis subsides, fill rate will return to 85%, revenue continuing to grow at 15-18%. Profit margins increase to 5-6% as freight cost etc. is reduced, revenue hits CEO's expectation of $1 billion. + +Net income = 1,000,000,000\*5.5% = 55 million + +With their current authorised 25m buyback programme (blackout period ended 2 days ago), possibility reduce share dilution from warrants slightly --> 180 shares outstanding + +EPS = 55/180 = 0.3 + +Analysts also expect 0.3 to 0.38 EPS in 2023, assuming 15 PE + +0.3\*15 = $4.5 (181% upside) + +Analysts have a price target of $5 (low) and $8 (high) + +# Catalyst: + +* Next quarterly report will display the correct TTM info (21Q3, 21Q4, 22Q1, 22Q2) which will help stock screeners. Also gain coverage +* $25 million authorised buyback plan that started 2 days ago due to blackout periods +* Rebranding happening 'in the next few weeks' according to the CEO +* Introduction in the russel 2000 (unlikely but may happen) +* General recovery of S&P + +# Risks: + +* Cost of living crisis, lowering demand for appliances/furnitures and reducing revenue and earnings +* Supply chain shock lasting (or worsening) far beyond 2023 which hurts profit margins +* Recession, interest rate rising, general market downturn +* Proforma results are unaudited and hard to say whether it's correct or not, also since it was a private company, appliances connections doesn't disclose any financial statements prior to 2019. +* Risk of warrant dilution (although cash received will go towards Enterprise Value) +* Catalysts not forming (e.g. not introduced to russel 2000), S&P doesn't recover etc. + +All in all I believe it's a good buy and my highest convictions based on its financials, decent future and large margin of safety. +&#x200B; + +[ u\/Sharkbait\_lol, u\/grungromp, u\/pinkcatsonacid, u\/bye\_triangle, u\/redchessqueen99, u\/Captain-Fan ](https://preview.redd.it/vl0eafzinh571.png?width=1426&format=png&auto=webp&s=6d3ea311998d5d9c206c00173a126eb346020982) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📉 + +# $GME Closing Price: $222.50 + +&#x200B; + +Open Price: $226.36 + +Daily High: $229.25 + +Daily Low: $208.00 + +Volume: 7.2 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +https://preview.redd.it/h5urj97nkh571.jpg?width=1080&format=pjpg&auto=webp&s=b2d259f2f08be21cc251d0cc4e6846c4612fd84f + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DTC-2021-005 IS NOW LIVE + +&#x200B; + +[RELEASE HER, u\/RaxisX ](https://preview.redd.it/w89u7vh4sh571.png?width=450&format=png&auto=webp&s=9353444f4ed22fc523db417c45f52526908447a6) + +&#x200B; + +[Link to the filing](https://www.dtcc.com/legal/sec-rule-filings) + +[credit u\/Sharkbait\_lol](https://preview.redd.it/krhb011xih571.png?width=907&format=png&auto=webp&s=3bc5e5dd3beb5f97bede0d1f201797e24ec88052) + +&#x200B; + +**AND IT'S EFFECTIVE IMMEDIATELY** + +&#x200B; + +https://preview.redd.it/izllxro5jh571.png?width=632&format=png&auto=webp&s=652040f562618a636cde93e48e1f86aa306bb678 + +**So what is 005?** + +&#x200B; + +DTCC-2021-005 Asset Tagging and Share Lending Revisions + +*Prevents loaned/borrowed shares from being loaned/borrowed more than once.* + +&#x200B; + +However, for posterity, please note the verbiage on page 15 of the filing. + +&#x200B; + +[🤷‍♀️](https://preview.redd.it/m82tudwyoh571.png?width=761&format=png&auto=webp&s=5f12baa59ab8a5d08ed1517309721e03277c2b13) + +Sounds like that might explain those new rehypothecation accounts Goldman suddenly has... But this could also be a sign that 005 isn't everything investors have been thinking it would be. + +&#x200B; + +Update: Seeing lots of wrinkle brains saying #005 could still be tit-jacking, just might be plausible deniability after their lack of enforcement may have destroyed the world economy. Basically clarifying the rules they've been ignoring, and saying "ok we will enforce them now". + +&#x200B; + +# ⚠ Proceed to hype with caution ⚠ + +&#x200B; + +# [There was also a closed meeting today of the Board of governors of the Federal Reserve System to discuss monetary policy issues.](https://www.federalreserve.gov/aboutthefed/boardmeetings/20210615closed.htm) + +&#x200B; + +Followed by a Press conference where Vice President and Treasury Secretary mentions "we must reimagine our economy" AT THE SAME TIME 005 WAS FILED. + +&#x200B; + +# L.F.G.🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/zedinstead + +&#x200B; + +**Superstonk Lineup** + +https://preview.redd.it/yvx3au7nfh571.png?width=640&format=png&auto=webp&s=16bb77e46e70aa952c98dac537318978c3573fb8 + +&#x200B; + +&#x200B; + +https://preview.redd.it/se7ibs5qfh571.png?width=640&format=png&auto=webp&s=ef45410e9f4016e8a39d0fea81a8f183fd3b30c6 + +u/zedinstead **is an ape with some unreal talent! Not only does he make cool graphics like these...** + +# 🍿🎥 HE MADE A MEME MOVIE 🍿🎥 + +1. [Opening Credits/Box of Crayola](https://old.reddit.com/r/Superstonk/comments/nk727h/the_forrest_gump_gme_meme_movie_opening/) +2. [Trades that just don't make no sense](https://old.reddit.com/r/Superstonk/comments/nz5m99/the_forrest_gump_gme_meme_movie_continues/) +3. [Brick and mortar stores](https://old.reddit.com/r/Superstonk/comments/niyzbo/i_was_just_showing_him_a_thing_or_two_about_brick/) +4. [GME and Me like peas and carrots](https://old.reddit.com/r/Superstonk/comments/nhafm9/gme_and_me_was_like_peas_and_carrots/) +5. [BUY like the wind blows](https://old.reddit.com/r/Superstonk/comments/ni2f24/you_wouldnt_believe_me_if_i_told_you_but_i_could/) +6. [Make me a rocket](https://old.reddit.com/r/Superstonk/comments/nwvhse/if_they_keep_delaying_moass_then_im_just_going_to/) +7. [He sure can BUY](https://old.reddit.com/r/Superstonk/comments/nx37d3/how_many_forrest_gump_memes_can_i_make_while_they/) +8. [Have you ever read the DD?](https://old.reddit.com/r/Superstonk/comments/nzab86/if_they_continue_to_delay_moass_then_i_will/) +9. [Shill Sergeant](https://old.reddit.com/r/Superstonk/comments/nhthsk/answer_every_fud_question_with_buy_and_hodl_shill/) +10. [DIAMOND HANDS](https://old.reddit.com/r/Superstonk/comments/nhzqnf/take_care_of_your_diamond_hands_and_dont_do/) +11. [Didn't quit for 4 months](https://old.reddit.com/r/Superstonk/comments/nh2af3/one_day_we_started_buying_gme_and_we_didnt_quit/) +12. [MOASS: Day 1](https://old.reddit.com/r/Superstonk/comments/njypx0/moass_day_1_just_like_that_somebody_stopped/) +13. [Twitter Posts](https://old.reddit.com/r/Superstonk/comments/niu0ik/they_said_it_was_million_dollars_a_share_but_the/) +14. [HODL Pong](https://old.reddit.com/r/Superstonk/comments/nj7vmi/for_some_reason_hodling_shares_of_gme_came_very/) +15. [8-K Filing Speech](https://old.reddit.com/r/Superstonk/comments/nwojpq/the_forrest_gump_gme_meme_movie_part_11_of_15_the/) +16. [Why are you so good to me? Cause you're my stonk](https://old.reddit.com/r/Superstonk/comments/nxo453/delay_moass_ill_just_keep_on_buying_and_adding/) +17. [Lights are on in that building](https://old.reddit.com/r/Superstonk/comments/nibq23/the_lights_are_on_and_i_think_there_is_some/) +18. [I'm not a smart man, but I know what HODL is](https://old.reddit.com/r/Superstonk/comments/nhtiaj/im_not_a_smart_man_but_i_know_what_hodl_is/) +19. [I just like the stock](https://old.reddit.com/r/Superstonk/comments/nhif1u/when_i_suffered_fud_i_read_the_dd_when_i_got/) +20. [It's the most beautiful DD I've ever seen](https://old.reddit.com/r/Superstonk/comments/nhf8mf/its_the_most_beautiful_dd_ive_ever_seen_but_is_he/) + +&#x200B; + +Seriously unreal talent in this community! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Worth Repeating- We Just Like the Stock!! + +&#x200B; + +&#x200B; + +https://preview.redd.it/9g82ltqmlh571.png?width=480&format=png&auto=webp&s=3b461af036d5ce9c3da97a20d8a01e8764014fa6 + +There has been a lot of conversation (FUD) over the weekend about "Fuck you, pay me" and referring to being involved with trading $GME simply because you want to become rich and purely to trigger MOASS. Or because "we're Occupy Wall St. 2.0!" (**NO**). + +&#x200B; + +**THESE ARE NOT THE PURPOSE, INTENT, OR COLLECTIVE SENTIMENT OF THIS SUBREDDIT.** + +&#x200B; + +https://preview.redd.it/3kpf14lnlh571.png?width=603&format=png&auto=webp&s=c8782761d730c8f40a8f25ef9ddffed31c3b6d9b + +Superstonk is a community of individual investors that believe Gamestop as a company is an excellent long-term investment that has huge potential in an untapped market with an Avengers-level team of executives that will likely redefine the face of retail in the 21st century. This community was **not** made to discuss other stocks the way /WSB or /investing do. This sub is a congregation of individuals- in that sense, a collective "we or us"- that supports the vision of the company Gamestop long-term, especially its current chairman, Ryan Cohen. We like the company. We like the stock. That's it. + +And a little refresher on the we/us debate- **WHEN WE SAY "WE OR US", WE ARE TALKING ABOUT THE SUB'S COLLECTIVE WE/US AS A COMMUNITY.** There is nothing wrong with that! + +&#x200B; + +https://preview.redd.it/gcgti8yolh571.png?width=740&format=png&auto=webp&s=8194c5c15d9225b88e5ff6a6bf603cedf7574e58 + +&#x200B; + +Use of the words We/Us are NOT EVIDENCE OF MARKET MANIPULATION. + +&#x200B; + +Enforcement is the *key* to a manipulation case. Do we make paper hands actually pay some sort of penance for selling? **NO**. Do we have an agreed upon floor price that we all must adhere to? **Umm..... :gestures broadly at literally everyone debating possible floor price:** + +Market manipulation is doing something to inflate or deflate the price of a stock. THESE are the ESTABLISHED GROUNDS for charging someone with market manipulation. And do you know how many times that's happened? [Like 5 times. And they were all people in the industry.](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3) + +There's no case for market manipulation in this subreddit, or even in the GME Saga as a whole. + +&#x200B; + +Well, I lied. Hedgies are doing plenty. + +&#x200B; + +So when you see people referring to "we" or "us", *they aren't doing anything wrong.* This is a community, right? Everyone here isn't just a figment of your imagination right? **(RIGHT?!?)** + +&#x200B; + +[Y'all aren't imaginary, right?](https://preview.redd.it/zycjeejklh571.png?width=800&format=png&auto=webp&s=07af020341a84d13ee318088231183cfe4cb4e07) + +We are a community of individually-minded investors. And no one can stop us from liking and discussing a stock. That's what they want you to think. **Saying "we" or "us" when talking about Superstonk is just talking about the membership of this subreddit.** There is nothing there that's illegal or negative in and of itself. All "we" do is gather here and discuss the future of a company we all love and have invested in because we believe in the future of the leadership. + +&#x200B; + +What's the difference between our sub and the idea dinners the rich have been attending for decades? *The expense report*. Do you remember when American Politicians used insider information about the pandemic to profit off of the resulting crash? **APES REMEMBER**. Don't let FUD stop you from bonding with your fellow ape. Companionship is essential to the human experience. Get in here and love each other. It's Woodstonk 2021 up in here✌💖🌼☮ + +&#x200B; + +https://preview.redd.it/9zwpfqbjlh571.png?width=549&format=png&auto=webp&s=d937473562cef3861c81af1386c12c8170e2d901 + +&#x200B; + +With that being said, **WE HAVE NO LEADER HERE**. [r/Superstonk](https://www.reddit.com/r/Superstonk/) has administrative users that moderate the community according to site rules. That's it! When it comes to leaders, mods are just the administrators of the environment. The groundskeepers in this beautiful jungle. This community was built by apes, for apes. With no one user more important than the other. **APE**= **A**ll **P**eople **E**qual ✊ No politics. No religion. No leaders. No divisiveness. Just excellence and the stock we love. + +&#x200B; + +[WE DON'T HAVE ONE!](https://preview.redd.it/0pi5ys2ilh571.png?width=1000&format=png&auto=webp&s=42101742a577050aa7731ab34e0568065fd40439) + +**Here's a few notes from** [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/)'s **Weekend Update** + +&#x200B; + +1. Please view the DISCLAIMER associated with the subreddit. You can access it by going to [r/Superstonk](https://www.reddit.com/r/Superstonk/) and (on Desktop) looking at the side bar, and (on Mobile) under the About menu. +2. We do not manipulate the market. We do not coordinate anything regarding the stock market. We do not urge people to buy or sell, or do anything with what is their privately owned stock. We do not shame people for their choices as retail investors, in an attempt to get them to hold when they don't want to, or to buy GME when they'd rather buy something else. We let retail investors make their own individual decisions. That's sub policy. +3. We do not organize or attempt to push political action, or spark Occupy Wall Street 2.0 or whatever some of you think this is. We are not going to organize letters to the SEC or otherwise enter ourselves into a political arena that we, trust me, do not want to enter. We are a bunch of apes who are bananas for GameStop and that's about it. +4. We are here to share information, build a community, and express ourselves regarding GameStop as not just a stock, but also as a company, in way that is not pressuring or purposefully influential, and is based on fundamentals as well as market realities. If you don't want to talk about GameStop, there are plenty of other subs to go to, and, if you talk about GameStop, make sure you follow the rules and guidelines of the sub. +5. TL;DR: We like the stock. We love the company. We are apes. That's about it. + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/c0t0eputlh571.png?width=1600&format=png&auto=webp&s=cb919467a2cccd4901d8a139a1bc93fdd44e6030 +As stated in the title I have an AWESOME tenant who has been nothing but easy for the last 2 years. hOA fees are starting to increase. I am still cash positive for now - but after this next year it will be close to even. What is the best strategy for introducing a gradual increase in rent? Or is it worth keeping things where they are to not risk losing an exceptional tenant? +I got a regular old flu last week and it triggered an ear infection. I recognized it right away because I've had it happen before. Last time, it caused my ear drum to burst, which was extremely unpleasant. This time, I wanted to take care of it before it got to that point. Also, if left untreated, an ear infection can eventually give you brain damage or kill you, and there's no guarantee that it will ever go away on its own. + +All I need is for someone with basic training to look in my ear, confirm that it's inflamed, and give me a prescription for cheap and readily available antibiotics. + +I went to an urgent care center rather than going to a doctor (because I know from experience how that goes). They want $200 before I can even make eye contact with a nurse. + +Walgreens and CVS clinics are all booked up. State-funded clinics are nearly impossible to get into on short notice. I won't dare go to an emergency room. Financially speaking, I'd have better odds in a casino. + +Thank god I'm a student and the campus health center happens to be open (even though the website says it's closed). I walked into the lobby on a whim, fully expecting it to be locked like every other building on campus. They were able to see me the next day. I got seen by an actual doctor and I got the antibiotics. The whole experience cost less than $50 (drugs included). + +My tuition is paid by grants and loans, and this is part of what it goes to. Imagine if my taxes could allow me to see a doctor the same way my tuition does. + +It honestly makes me feel a little bitter. I got a little taste of a functional healthcare system, and I graduate in a few months so I won't have access to it anymore. +BEPRO due diligence + +I finally got around to making a more thorough DD post for BEPRO. + +Value proposition: + +1. A plug-and-play codebase for anyone to create their own prediction market, gambling, or esports betting platform on any chain (Binance, ETH, moonbeam, etc) with minimal time to develop. +2. Because BEPRO doesn’t take a rake on earnings, it bypasses a lot of regulatory issues that have messed with other platforms like Betfair, further reducing barriers to entry for would-be market makers. +3. It aims to create a community-based contract infrastructure and marketplace that connects clients and developers and compensates those developers in BEPRO. Paraphrasing [Rui](https://youtu.be/-B6jXLL5tp8?t=819): “BEPRO is currently working behind the scenes on Polkamarkets/Moonbeam, Exeedme, and elsewhere, so that real people are currently using it. Once we understand the product-market fit and how to create and scale it, we will create the marketplace to connect clients and developers. The future is developers. If you build for developers, it’s just a matter of time.” +4. In summation, while most of us would look at what BEPRO is doing and say, “man that’s a really cool-looking platform, and I can see a ton of value in reducing barrier to entry for people who want to create this type of market,” the real value-add is connecting clients and developers, allowing clients to have their problems quickly solved and allowing developers to choose what they want to work on and be compensated for the value they add. + +Social: + +1. Before last week, there were only 2 BEPRO videos on YT, both over a year old. +2. In the past week, 13 YT videos have been added totaling \~75k views. +3. 6500 members of the BEPRO telegram, up 1000 in the last week. +4. [Twitter](https://twitter.com/bepronet?lang=en) followers has increased 25% in the same timeframe. +5. The number of holders on [Etherscan](https://etherscan.io/token/0xcf3c8be2e2c42331da80ef210e9b1b307c03d36a#balances) has doubled in the last two weeks. +6. Despite all this, social [mentions](https://app.talkwalker.com/app/page#/FREE_SEARCH#cid=aec7e247-f91d-45a5-ba2b-b059e997682f&co=project&activePageId=1&data=eyJyIjp7ImEiOnt9LCJpIjoiRlJFRV9TRUFSQ0giLCJzIjpbeyJhIjp7ImlkIjoia20yZjhkZ2ZfNWltbTh2MzBhMW45Iiwic2VsZWN0ZWRUaW1lIjoiZDcifSwiaSI6IlFVSUNLX1NFQVJDSF9NQUlOIiwicyI6W119XX19) are miniscule (2.5k in the last week), which says that this coin hasn’t even begun to take off. + +Market cap and categorical comparison: + +BEPRO’s market cap is $12 million (no new coins issued this year, so no chance to be diluted in 2021). Just by itself that tells you that this is a small cap with moon potential, but this doesn’t even scratch the surface of why BEPRO is a huge buy. + +In addition to having [DeFi](https://www.bepro.network/post/defi-bepro) applications, BEPRO’s main plays are in the gaming, gambling, and prediction market spaces. Below is a discussion of each (using Coingecko categories as my source, FYI). *Overall, the argument I’m trying to make is that SOMEONE in this space is going to moon, and there are no choices to me that look like a smarter investment option than BEPRO to be that moon.* + +***The gambling category*** has a combined market cap of $500 million. This is a fraction of the cost of a single, increasingly obsolete casino on the Las Vegas strip. That tells you this category is massively undercapitalized and poised for huge growth. Who will capture this growth? All options with current market cap greater than BEPRO: + +1. Funfair: $205 million market cap. Sells its technology to online casinos. Has a solid value proposition, but only focuses on casino-style gambling, and is Etherium-based only as opposed to cross-chain like BEPRO. +2. WINk: $178 million market cap. This is an example of a gaming and gambling platform that would have been better off using BEPRO’s API than trying to develop in-house. I mean look at this website. So mediocre. +3. Decentral Games: $50 million market cap, disgustingly bad website in terms of visual appeal, also only focuses on casino-style gambling. +4. Exeedme: $34 million market cap, already partnered with BEPRO and using their API. (as an aside, their telegram has a fraction of the daily activity of BEPRO’s despite having more members). +5. In summary, the market is undercapitalized, the competition is either single-chain, only focused on casino games, visually disgusting, or already partnered with BEPRO. This constitutes a huge opportunity for BEPRO. + +***The prediction market category*** has a combined market cap of about $500 million as well, but it has far fewer competitors; it only has 4 coins currently, none of which are BEPRO. I think Gnosis ($226 million market cap) is the closest competitor to BEPRO in terms of their value proposition: they allow you to use their infrastructure layer to create your own prediction market app. Gnosis is single-chain, has a ho-hum website, and is still destroying the competition in this space. If anything, this is proof of concept for BEPRO. + +***The gaming category*** has a combined market cap of $200 million. This is obviously massively undercapitalized as well and poised for substantial growth. Who will capture this growth? Options with current market cap greater than BEPRO: + +1. Decentral games: $50 million market cap. Discussed in gambling, but to recap – just look at their website. +2. REVV: $49 million market cap. a utility token used exclusively for motor sports games – not a direct competitor at all. +3. XED: $34 million market cap. Uses BEPRO +4. Chain Games: $31 million market cap. a very cool platform, similar to what you can create in a day using BEPRO, even if you don’t have any coding experience. If anything, this is proof of concept for BEPRO. +5. Crowns: $24 million market cap. Native token of seascape network. Seascape network is a platform similar to what BEPRO allows developers to easily create, but they don’t list their leadership anywhere in their white paper, their branding/website design are pretty weak, they focus more on NFTs, they are months away from launch, and they focus their value proposition on gamers using their platform, not developers. In short, they are in no way direct competition for BEPRO. +6. In summary: the market is undercapitalized; the competition is either weak as hell, not really competition, or already partnered with BEPRO. + +Obviously I'm shilling this coin or I wouldn't have made a DD post about it, but I feel this lays out pretty well a lot of reasons for you to DYOR and decide if this is a project you want to back. I don't think this is a short term moon shot, but I do think it has potential to grow in value over the next year to easily 100x current price. The thing about any moonshot is that there has to be a reason why it's currently valued so low. For BEPRO, that comes down to three reasons: + +1. It isn't on a tier one exchange (this is on the [2021 roadmap](https://www.bepro.network/post/roadmap-2020-2021) for H1) +2. They are not actively marketing and are instead focusing resources on development +3. While they have several big partnerships and clients, they have not yet launched the final and most important of their value propositions (#3 above). + +If you want high reward, you have to accept high risk. To me, the risk is that they haven't yet launched their dev marketplace. Personally, I think this is offset by the tremendous potential of the project, the vastly undercapitalized nature of the markets in which they're competing, the lack of great competition, and the leadership and partnerships. But of course, DYOR. I have been trading crypto for an embarrassingly short amount of time, and yesterday when I made coffee I forgot to put the pot under the drip, so don't assume I'm smart just because I put 1,000 words on a page. +I thought I’d head this off before some ape got ideas. This happened with bananas a few weeks ago. That is not something apes need to do. Sending random packages to places opens up another level of problems because they can claim it’s threatening and get FBI and others involved. GME hodlers don’t need that type of publicity. Be smart. + +edit: dang I was crazy busy all day and couldn’t check the sub. this blew up. Thanks for the rewards. Buy and hodl +It doesn't matter if you're a full blown MMM disciple, cycling 10 miles to work on a purple banana-seat piece of shit you bought at the Salvation Army for $12.97+tax or a C-Level high-earner driving a new Toyota when everyone else with a reserved parking space is rolling in a BMW - cutting yourself at least a little bit loose from the rat race is liberating. + +Living below your means to "purchase" future freedom is liberating. + +Learning to not find happiness in possessions is liberating. + +As is learning to not judge your success or worth by the home you live in or the car you drive. + +And seeing the ridiculous fallacy of goods that provide little more than status (i.e. diamonds & other precious gems/metals) puts you several laps ahead of the competition. + +It doesn't matter whether you're full-steam ahead on FIRE or just nibbling on the FIRE cake to get a wee bit more utility out of your crumbs...taking more control over your financial life is liberating. + +But...just because this works for you, doesn't mean it works for everyone else. + +From asking for advice on convincing your partner to think like you to shitting your fucking diaper like a baby over what some rich bitch named Suze Orman thinks to whinging on and on about your brother-in-law spending money like he's shopping prizes at the end of Wheel-of-Fortune in the 1980s...way too many people in here are getting way too bent out of shape regarding other people's life decisions. + +Believe it or not, some people are happy as fuck working their brains out to become rich and buy all that bullshit that you have no interest in having. Some people truly do find satisfaction in buying high-end fashion or ridiculous accessories that cost as much as a low-end used car. + +I think this stuff's dumb. + +But I allocate zero shits to worrying about what my friends & family and strangers do with their lives and money. + +Getting worked up about someone on TV claiming you need $200,000/year in retirement is just as silly as homophobes angry that Dave wants to marry Don and not Dawn. + +Living below your means isn't a cult. It's a means of having more free time to do shit that ain't work. Period. + + +Hey everyone, + +every place I go, youtube channel, mentor video, forums, I see comments like "Hey, I'm new to trading, and....." + +Seems like this field is pumped with new blood every-day, day dreaming people who imagine themselves working from home 2 hours a day and making a living out of it, and especially hand full of scammers and fake gurus who provide those hopes. + +What do you think on that? + +The reason I'm writing it, is because I saw those two videos (I cant attach, because the moderators will remove this post, but I'm talking about Steven Dux and Alex Temiz). + +Now just for the sake of that example, the similarities are suspicious. + +They are both "famous", they are both 24-25 years old, both of them got dumped by their hot girlfriend which made them move into day trading, both of them failed and lose money at the beginning, both of them "found a way" to short penny stocks because anyways they were always wrong, both of them became millionaires from shorting stocks, and both of them are now "willing" to "help" new traders (just for a 300$). + +Like many people, I want also that all of this will be true, I want to become a day trader, but sometimes we need to be able to disconnect our feelings, and look at the situation objectively. + +Thanks for any comment. +I'm a chartered wealth manager in the UK and work for a large consultancy firm. I specialise in finance and investing in all areas of wealth management. + +I'm considering starting a YouTube channel to lay out the benefits of investing (for people in every wealth bracket) and go through the terminology, key points and any misconceptions about the financial world. + +The reason for this post is I'm checking whether there would be any interest in this? There are some decent channels that already do this, however they are far more US and Canada centric and therefore don't always apply well to people in the UK. + +If there is any interest, I'd be very keen to hear what in particular you would be interested in hearing more about, and any other ideas you may have for the content. + +Thanks 😁 +I listed the current value of my Coinbase account and self custody crypto along with things like stocks and retirement accounts as assets on a bunch of recent mortgage refi applications. Was shocked that out of all the places I applied that my credit union accepted it and treated them just like my stock account, valued at 70% of market price. They asked for 3 months statements from Coinbase and the public addresses of any self custody holdings. + + +I'll take this as yet another sign that mass adoption is right around the corner. +[article link](https://www.marketwatch.com/story/norwegian-stock-plunges-after-cruises-put-on-hold-through-september-2020-06-16) + +> Norwegian Cruise Lines Holdings Ltd. NCLH, +4.85% shares dropped nearly 10% in after-hours trading Tuesday after the company said that its cruises will not return until at least October. The cruise line had previously cancelled departures through July due to the COVID-19 pandemic, but announced Tuesday afternoon that all lines would be on hold through the end of September, and select destinations would not disembark until at least November. +Assume: + +1. Living expense budget and emergency fund all covered. + +Basically, is there a reason not to just throw it all into the market? I've been deeply irrational about this kind of stuff in the past (i.e., avoiding market because of the fear that we are in a bubble that will pop, etc.) and trying to be more sensible this time around. Are there any other credited moves with such big funds? +Econometricians of Reddit, what is your take on machine learning and deep learning? Considering econometric methods rely primarily on regression, for which many properties are known (consistency, unbiasedness, sampling distribution, etc), will machine learning methods ever have a place in econometrics, despite not knowing the properties of said estimators? Or am I mistaken in saying that machine learning methods are not used? If so, how are they used and how are they used in an interpretable fashion? +I’m selling on the way down. No more bullshit talk about high prices being limited to a certain amount. I’m Just fucking holding! + +Not financial advice. + +Edit: shillary Clinton’s we see you. Remember, be excellent to each other! Im not here to argue or insult people. Please help by downvoting promiscuous behavior.. i.e. overly aggressive or insulting comments. Apes together strong!! 🦍 🚀 🍌 + +Edit #2 thank you guys for all the awards!! 🙏🙏🙏🙌🙌🙌 +My shitty memes can wait. + +u/dlauer. Great work advocating for free and fair practices of the market. And to Stewbeef, who has always stood by and for the common man. + +Thank you both for your sacrifices in trying to preserve the ever compromised integrity of our freedoms. Your bravery has inspired me to take action beyond simple shitposts… + +I am ready. + +Ready to defend the freedoms of fair markets. +Ready to defend the freedoms of our children. +Ready to defend the freedoms of the common man. +Ready to defend the freedoms of my country. + +I’m officially drafting myself u/pizza-adventure for use on the frontline of this revolution. It’s time to lift the efforts of this community up, once more, and highlight the injustices that occur rabidly beneath our feet, on a regular basis. + +Any resources that would help get the right type of information where it needs to be would be of great help. Direction on the quality of the narrative that we’re trying to establish would be extremely helpful in kicking things off as well. + +This has to end and solidarity through action is where it begins. + +My inbox is open… + +SALUTE SOLDIERS 🚀 + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 +Hello! + + Im looking for a few trading partners who are super dedicated. I studid trading for between 3-5 hours everyday for the last 2.5 years and have figuered out an method that should give me about 5-20% return in a choppy month and 30-80% return in a good month. However need some people who can help me backtest it with data programming etc. Please write to me if your interested. +**Introduction** + +Recently, the mods of Superstonk conducted a temperature check post regarding DRSGME.org. Although there were a lot of supportive voices, there were also many concerned users. At the time of the post this split sentiment was reflected among the Superstonk mod team as well: some mods were proponents and even donated to the campaign in the beginning, some did not believe the fundraiser belonged on the sub. + +After the DRSGME.org ad campaign launched however, the mod team is now increasingly concerned about the fundraiser, and we feel it is our duty to share these concerns with the community we serve. Just to be clear: we’re having doubts about this specific project, not about DRS or Computershare as a whole. Allow us to lay out the reasons why we see the potential for this to head in the wrong direction. + +**Issues for Superstonk** + +First and foremost: The GoFundMe for DRSGME violates subreddit rules. Superstonk is a community of individual investors, not a billboard, not a platform, not a blog. It’s as simple as that. Regardless of where the funding comes from, DRSGME is not considered to be a Superstonk community website or a community project. Although we have made one-time exceptions to the “no self-monetization” rule under specific conditions in the past, the DRSGME website is an ongoing project and thus no longer considered to be a one-time exception. + +[Example of a carefully worded comment to avoid the rules \(but is still an advertisement\)](https://preview.redd.it/7u7q78amme991.png?width=682&format=png&auto=webp&s=37779715cec21cecd164fc2fb77e98424d232d37) + +The project is soliciting funds from the community and thus transparency should be something that is provided on a regular basis, without mods or the community prompting for it. Although the project owners seem to have granted this transparency with funds already received and spent, there’s no way to truly verify this without having full access to all accounts. In addition: anything can be altered at any point in time without mods, the community or donors to the campaign having any say in this decision. + +The project owners asked if the mod team would help to oversee funds, however we rejected this request due to conflict of interest. Managing funds for an external project is not something any of us are comfortable doing and allowing this project on the sub even though it breaks the rules, we are essentially saying “everything checks out, trust this” and we cannot give these assurances. Furthermore: if something was to backfire, we as a mod team would rightfully be held accountable for it. As it stands right now, we cannot in good conscience give our seal of approval to this project, there are just too many red flags. + +**Feedback** + +**The Fundraising Campaign** + +https://preview.redd.it/3my0oytome991.png?width=966&format=png&auto=webp&s=5e39f39e9baa9822d956492fb2830e6d352b2259 + +&#x200B; + +https://preview.redd.it/1yh8yjnqme991.png?width=703&format=png&auto=webp&s=9b40834b963da9a118a26378b75086fdd367901c + +The website is designed to get engagement on GME and is paid for by individuals who have the common goal of GME performing well. However, nowhere on the website is this stated. There are legalities for not disclosing that there is a financial interest and bias at play regarding this project’s motives. + +As of 7/2/22, the fundraiser has raised nearly $16,000 towards its $50,000 goal, the majority of which have been withdrawn from GoFundMe into a bank account held and controlled by one person. Even with the level of transparency now being provided on the website, this is something that requires ongoing, weekly management to ensure funds are being allocated properly. The statements provided below consist of incomplete screenshots and were only provided after being prompted by members of the mod team multiple times.  + +**Transparency provided so far:** + +https://preview.redd.it/hqwu5o9sme991.png?width=677&format=png&auto=webp&s=7dfe7af104a7108ccef85006b62534f842786873 + +**The Ad Campaign** + +https://preview.redd.it/ahs20getme991.png?width=642&format=png&auto=webp&s=dbb8a9f5953a510630799b749c5a92877e88f9f8 + +Let's take a look at the ad campaigns that are currently appearing on social media platforms like Facebook and Instagram. These campaigns were also intended to appear via Google. However, due to violating Google’s content policy, the ad campaign was suspended. Many of the images being used are also licensed and not credited.  + +The biggest concern with these advertisements is the imagery and language used. These ads depict GME investors as not just violent, but also as an organized movement. We are individual investors that like the stock; these images were chosen by a small group of people. They do not represent the overall community, nor has there been consensus from the subreddit that this is how we should be portrayed. Since this is an external project, we have no way to veto ads that we feel do not represent us, nor is it established that we even *want* any type of representation for us. + +These types of guerilla marketing ads promote scare tactics rather than encouraging people to educate themselves. If you saw any of these ads, and you were not already a part of the Superstonk community, would you deem them trustworthy enough to consider making a financial decision? These ads do not come across as professional and, unfortunately, put the credibility of DRS at risk in their current state. + +A core issue with the DRSGME fundraiser being on Superstonk is that it violates Rule 6: No Self Monetization. The money raised is going to fund the project for the DRSGME team, which is why this does still fall under self-monetization. Another less obvious issue is how the ad campaign is managed. The DRSGME team is using multiple different advertising channels to theoretically garner attention from untapped audiences. This gets into SEO (Search Engine Optimization), keywords, negative keywords, organic ads, paid ads, etc. It's a complicated system to say the least, and many companies and organizations outsource this work to companies that are dedicated to it 24/7. + +To properly allocate the funds raised from Superstonk and other sources (roughly $16,000 USD) would be a priority. With a small budget, every cent matters and your ad campaign would ideally be tweaked to perfection which is no easy task. A big issue with the DRSGME campaign is that they continue to advertise on Superstonk, directly or indirectly, which drives these users to the site, or to google the site and click on paid ads, thus wasting money. + +The DRSGME team has never made it a priority to alert Superstonk users to avoid clicking the paid ads, if they have at all. Every ad clicked is a cost to the advertisers. Among other signals we receive from professionals in the field, this indicates to us that the DRSGME team does not have the experience and care needed to manage users' funds. The situation gets more complicated when you consider at least 2 different types of ad campaigns are taking place, another one being on Facebook. Ideally, Superstonk users would stay away from it completely and keep their budget intact. We have all the information a user would need to DRS their shares on the sub itself, and those with issues can reach out to the community through multiple different channels for help. The data that the DRSGME team receives in the form of summary reports is also skewed by this and would make dialing in their ad campaign nearly impossible. + +**Legality** + +There are many legalities involved with this project that could, collectively, put the sub at risk, not least of all Reddit's own rules where we have highlighted those issues below. + +[Content Policy](https://www.redditinc.com/policies/content-policy) + +**Content Policy, Rule 1: Content Promoting Violence** + +The images and specifically the Guy Fawkes mask contains implicit associations, it wouldn't be a stretch to send a complaint associating that image with violence given its use has been recorded in violent protests around the world. As of 7/3/22, they have discontinued the Guy Fawkes ad, however the damage has still been done. Given DRSGME.org describes itself as a 'movement' it's not a far reach to state such an image is a promotion of potentially violent conduct and/or at least, themes of a violent nature, paid for from donations of users from Superstonk. + +**Content Policy, Rule 2: No Spamming** + +Reddit is being spammed by the website owners which not only is a breach of the content policy, but the user policy too. + +[User Agreement](https://www.redditinc.com/policies/user-agreement/) + +**User Agreement, Rule 3: Your Use of the Services / Commercial Exploitation of the 'Content'** + +The ad which specifically uses a Reddit post is technically owned via license by Reddit itself, given its deployment on its platform. Promoting an ad using Reddit's own licensed content could itself constitute commercial exploitation given this is being used as an advertisement to fund donations for itself, and even GameStop and Computershare by association. + +**User Agreement, Rule 5: Your Content** + +**"By submitting Your Content to the Services, you represent and warrant that you have all rights, power, and authority necessary to grant the rights to Your Content contained within these Terms. Because you alone are responsible for Your Content, you may expose yourself to liability if you post or share Content without all necessary rights."** + +The provenance and authority for use of the advertisement images are unknown and highly unlikely to have been given. Of particular concern is the Burry Twitter post, as it is unlikely either Burry or Twitter gave authority for their content to be used in an advertisement, which could create messy liability down the line from whoever's content is being used in this manner. + +**User Agreement, Rule 6: Third-Party Content, Advertisements, and Promotions** + +**"If you choose to use the Services to conduct a promotion, including a contest or sweepstakes (“Promotion”), you alone are responsible for conducting the Promotion in compliance with all applicable laws and regulations, including but not limited to creating official rules, offer terms, eligibility requirements, and compliance with applicable laws, rules, and regulations which govern the Promotion (such as licenses, registrations, bonds, and regulatory approval). Your Promotion must state that the Promotion is not sponsored by, endorsed by, or associated with Reddit, and the rules for your Promotion must require each entrant or participant to release Reddit from any liability related to the Promotion."** + +This project is teetering the line of a charitable enterprise and we can't be sure any and all applicable laws relating to this are being met. + +Reddit shifts liability to the user on anything to this effect and by association, the community we are required to 'keep healthy' further to their terms. Notwithstanding the above, if it were the case clauses such as this were sufficient alone to discharge all liability for Reddit, there would be no need for Reddit admins to respond and manage communities in the manner they do. Chief contemporaneous evidence in point is the recent removal of the cease-and-desist letter sent on behalf of Citadel and Kenny removed on our subreddit, lest Reddit itself be considered a platform supporting what (even if I think it to be a tenuous claim) is stated legally to be tortious slander. + +**In addition, the site claims to have a copyright of "DRSGME" which doesn't appear on the register of copyright for the US, which is illegal.** + +**User Agreement, Rule 11: Intellectual Property Breaches** + +This is possibly the biggest legal concern here. The issue is things of this nature take time to shake out but if the intent is 'global' awareness, spreading such awareness via IP breaching images will likely result in ads being bought and paid for and then revoked or suspended, **making the funds used to deploy them essentially obsolete, which results in donations essentially being misappropriated as funds for the advertising platforms if the issues aren’t resolved.** + +The fund is currently around $16k in advertising (if all has been used for it) but if this grows with continued outreach, most likely Reddit, Facebook, Instagram, etc. will take notice, as Google already did by suspending them. **This could result in outrage if that which was donated and paid for doesn't achieve the intended outcome, notwithstanding the very valid concerns regarding the imagery and content itself.** + +Collectively and from a community perspective, we as moderators are expected to maintain 'healthy' subreddits and any and all of the above could be factors through which Reddit admins deem our community to be 'unhealthy'. + +The perspective of "we haven't said it's not OK so it's OK", or authorization by omission in action, is a very reasonable viewpoint as there is a positive duty on moderators to actively remove content that doesn't fit the subreddit guidelines or that of Reddit. At the current status quo, this is a huge risk, and the sub could easily be shut down for these multiple violations. + +**TLDR** + +In closing, the moderators of Superstonk have grave concerns about the long-term viability of DRSGME.org content on this subreddit. + +* Supporters of the website are slowly turning this subreddit from one that works to educate and promote GameStop and, by extension, DRS through Computershare, to one that primarily promotes an off-subreddit website. That the website in question educates and promotes DRS does not negate the fact that it is currently aggressively monetized and breaks the subreddit rules. +* This community is not meant to be represented by such a small group. There have been prior instances of this happening in other ways, which was roundly, and rightly, called out by the users of this subreddit. DRSGME should be no different here. +* Allowing the project on Superstonk implies that mods have vouched for the team and project behind it. This is not something we are prepared to do. + +While we don’t debate that the website is a great tool for DRS information, these issues are simply unsolvable while retaining DRSGME on this subreddit. Although we’ve continuously asked for there to be no posts or comments regarding fundraising on our sub, there is still a string of endless promotion to draw attention to their campaigns, which is really no different than asking for funds. + +We’d be doing the drsgme.org campaign a disservice if we didn’t recommend that they create their own dedicated sub for this. A place where they can post transparency reports, ad ideas, traffic stats, as well as provide a direct line of communication for any user questions. Their own dedicated sub could also be used to crowdsource ideas and leverage the talents among their supporters, whether that involves creating art, checking grammar, or enhancing SEO optimization. + +There are numerous legal concerns that we as moderators have no desire to enmesh ourselves or the community with. Furthermore: if we refuse to take appropriate action, we could find our community to be exposed to a potential legal-, financial- or media fallout and we have no desire to take that burden on ourselves. + +**DRSGME.org has commercialized this subreddit and a small group of people have taken it upon themselves to represent a very large community in what we believe is a harmful way. Due to a lack of judgment and a myriad of potential legal issues we will no longer be allowing any mentions of their website unless it is brought up purely as the educational resource it was originally intended to be, a simple and easy to digest guide on how to DRS shares. If this is not followed, we will have no choice but to remove all links and mentions of the site entirely.** +Me: 31/F, fully employed, $3,145 net take home each month + +I have been slowly working my way out of credit card debt for the past three years. With a little over one year of payments left to go on my $20K debt consolidation loan, I can finally see the light at the end of the tunnel. + +With that, I have been closely monitoring where my money has been going this year. I am very good about tracking how my money is distributed (bills, rent, loan payments, etc) but have never been good about tracking what I have been spending my money on. In looking at my spending habits in January, February, March, April, and now May I have confirmed what I already knew in my head... I spend a shit ton of money eating out. In January, I spent $400 eating out on just breakfast (coffee) and lunches alone. In February, close to $500. Same goes for March and April. I was way down in May because I made a conscious effort to not eat out so that I could save up for a trip I took. It helped a lot. + +I took a look at my calendar and found that I miraculously have ONE lunch appointment on the calendar and no breakfast appointments in June. This means I have an opportunity to save money by eating breakfast at home and packing my lunch every day. + +I know this seems so simple but I haven't always been good about this. My work culture is such that people eat out a lot, I meet with people over coffee or lunches frequently, and so on. Some of that I get reimbursed but a lot of it is just eating out with coworkers. I live in a mid-sized city, so lunches cost anywhere from $10-18/lunch. Not terrible, but like many of you know, that adds up! + +I'm excited to challenge myself this month and hopefully save a butt load of money. This money could be better spent either in savings account (that's dismal right now) or paying off loans. + +Thanks for reading. I really feel like I am starting to make a turn in how I manage money and am so looking forward to financial freedom in the very near future. My June goal to not eat breakfast or lunches out will help give me the boost I need and hopefully, become a habit of mine. + +**EDIT (6/1, 8:40AM EST):** +Wow! I wasn't quite expecting that type of response! A couple of things I learned from you. + +* Scaling back or cutting the number of meals you eat out can make a big difference financially. +* It can also make a difference health-wise! +* It's important to be strategic about when you eat out, especially when it comes to work and colleagues. Even though you aren't going out and buying lunch, don't exclude yourself from group situations if possible. +* When meal planning, variety is key. Some of you mentioned getting bored with the meals you were making at home and as a result, would slip up and buy food. +* r/mealprepsunday was mentioned several times as a resource for planning. +* Really examine why you're in debt to begin with. And once you pay off that debt, consider investing the money you no longer are using to pay down debt. Your future self with thank you! +* More than anything, it's about having realistic goals and making sure you aren't setting yourself up for failure. + +I very much enjoyed reading all of your responses, tips, and well-wishes! It has given me great motivation for today - Day 1! For breakfast I had Cheerios at home. I packed myself a lunch and headed to work where I am now sipping a free hazelnut coffee. + +I look forward to catching up with you all at the end of the month. For my own purposes, I will be keeping a daily log of what I spend (including non-food related items), what I meal prep and eat, and what noticeable changes I see. I've never had a "blog" so to speak, but I might consider starting one so I can share all of this with you later this month. Any suggestions you have for sites would be most helpful! + +CHEERS! + +**EDIT (6/2, 9:03AM EST):** +For those of you that are interested in following along, you can find my notes [here](https://kbsaves.wordpress.com). It's a little scary to put myself out there like this, but I'm committed to the challenge *and* the accountability. Happy day 2 to those of you that are joining me this month! +If you’re blissfully unaware of some of the events on the sub in the past 24-48 hours because your zen mode is engaged, more power to you. We’ll wake you when the ticker price has two commas. If you’ve been around and active, you're likely aware of community responses regarding mod actions taken against high profile community members, associated with a project called DRSGME. + +&#x200B; + +Let’s start with some context: A few weeks ago, the mod team posted about our serious concerns regarding the DRSGME fundraiser. If you haven’t read that post, please do. You can find it here: [Serious Concerns & Updates Regarding DRSGME.org](https://www.reddit.com/r/Superstonk/comments/vqpaxt/serious_concerns_updates_regarding_drsgmeorg/) + +&#x200B; + +In summary, this post originated out of concerns regarding a lack of transparency, misuse of funds, and a questionable ad campaign painting holders of GME in an undesirable light. The mod team made every attempt to gain transparency and understand this fundraiser. Ultimately however, the mod team publicly made the decision to sever ties from DRSGME.org, permitting only references to its free educational components, as the founders did not seem to take feedback well and were clearly going to continue their fundraising and ad campaigns + +&#x200B; + +https://preview.redd.it/4av62rxfzye91.png?width=512&format=png&auto=webp&s=03eb09b4577092fdfa59610c21e605da2051042c + +Below are some of the efforts we pushed for regarding transparency. + +&#x200B; + +https://preview.redd.it/hm3d5d2nzye91.jpg?width=313&format=pjpg&auto=webp&s=d2b094c10080555d8771dddf6abf8531d961a84e + +&#x200B; + +https://preview.redd.it/qrvgzwbozye91.jpg?width=346&format=pjpg&auto=webp&s=a02583570197628444736e4c8055b4104f513c27 + +&#x200B; + +&#x200B; + +https://preview.redd.it/w95il2wozye91.jpg?width=512&format=pjpg&auto=webp&s=bfd0f5dcbd5ab0d205a54e27086f0189ed911abf + +&#x200B; + +https://preview.redd.it/7wzqslkxzye91.jpg?width=324&format=pjpg&auto=webp&s=96e471b27491529e1b89caee97a665d82aae4bcc + +It should be noted that since that post and the decision to sever ties was made, we can confirm the following: The fundraiser is still open, nearly $16,000 has been collected and withdrawn to a business checking account under u/millertime1216's own name and that he has sole control over, and since June 30th, the day of the last “transparency” update, there have been no further accounting of the allocation or the funds. It appears that once they were no longer able to use Superstonk as a platform to promote their fundraiser, they no longer cared about providing transparency to those who submitted donations. This, to say the least, is extremely concerning and unsettling. + +&#x200B; + +Although we are no longer allowing posts to continue to promote the website or its advertising and fundraising campaigns, the sub has consistently been flooded with comments directing users to visit a site that prompts its users to donate while once again, no further transparency of the funds are being published. We have been lenient about these references especially when used in the educational context because we are aware that there is significant support on the sub for pro-DRS content . + +&#x200B; + +We have repeatedly tried to work with people from DRSGME for months now. Instead of adhering to the rules (specifically about spamming) and despite multiple warnings, ways of following the letter of the rules and not the spirit of them have been used, and that’s not okay. + +&#x200B; + +One user in particular has been flooding the site with DRSGME spam, generating a significant amount of reports. Such a large amount of reports are an issue to Reddit site wide rules generally and could mask or hide other reports which require immediate mod attention. Now, we recognize that the most adamant pro-DRS users here may approve of the content within the spam. But whether you agree with the message or not, these comments are considered spam by Reddit. Spam generates reports, and reports piled up means that communities are not being moderated. Reddit does not tolerate subs that are not effectively moderated and it is our job to make sure Superstonk is not at risk of quarantine or getting shut down. + +&#x200B; + +Dating back to February 27, this user has been asked not to spam the sub. After months of requests for them to post authentic content, on July 26, this user was given a temporary ban and reminded not to spam. The spam was to encourage community members to visit their website where a major focus is their GoFundMe to support a questionable ad campaign that features symbols such as the Guy Fawkes mask, which a majority of users have expressed concern with. This is not acceptable. Further, no data or analysis has been provided as to why this spamming is necessary – targeting people who are already posting their successful DRS positions on Reddit doesn’t seem to align with the vision of bringing in new investors from outside Reddit who haven’t heard of DRS. Without conclusive data or analysis, it appears counterintuitive and doesn’t advance their stated goals. + +&#x200B; + +On July 28, immediately after the ban was lifted, there were around 40 nearly identical comments in an extremely short window of time with the same spammed content; although the website links were removed, these messages still are considered spam, and our suggestions for switching up the comments to avoid reports were once again ignored. + +&#x200B; + +&#x200B; + +[Feb 27](https://preview.redd.it/3vazxgr20ze91.png?width=512&format=png&auto=webp&s=46e1834e995e85cb7691737092f5a9d8a3273efd) + +&#x200B; + +[Feb 27](https://preview.redd.it/vtolft090ze91.png?width=512&format=png&auto=webp&s=75d2285af5d41df904008d9a8d46a27df9439be6) + +&#x200B; + +[Feb 27](https://preview.redd.it/8rczhmg90ze91.png?width=512&format=png&auto=webp&s=f8c148b04e1d94218022b59783d68e75eb5dcd9a) + +&#x200B; + +[Feb 27](https://preview.redd.it/n0eveq2a0ze91.png?width=512&format=png&auto=webp&s=dd050022b1ca8c990cd18a925d66170d513c3d8e) + +&#x200B; + +&#x200B; + +[June - Explaining Reddit spam rules again](https://preview.redd.it/ht379uxx0ze91.png?width=512&format=png&auto=webp&s=150ec8754755d42e04e68468e9c75793dc746f87) + +&#x200B; + +https://preview.redd.it/y404t1oy0ze91.png?width=315&format=png&auto=webp&s=f39f561683ad95eaf13d93676b91780774a39a6e + +&#x200B; + +https://preview.redd.it/tdy1r5dz0ze91.png?width=512&format=png&auto=webp&s=f5e24b3b13f3af86b82aa77728edc478cdb83324 + +Referencing the Reddit definition of spam, here: [What constitutes spam? Am I a spammer? – Reddit Help](https://reddit.zendesk.com/hc/en-us/articles/360043504051-What-constitutes-spam-Am-I-a-spammer-#:~:text=Spam%20on%20Reddit%20is%20generally%20defined%20as%20repeated%2C,by%20content%20removal%20and%20account%20suspension%20or%20termination) + +&#x200B; + +This result of continued spamming was the last straw. After months of this user bending and disregarding the rules, the collective decision was made by the mod team to ban them. Now, you may feel it was unwarranted. You may disagree with the definition of spamming. You may really like the content that was being spammed because you are a supporter of DRS. The fact remains that this step by the mod team should not have come as a surprise to this user because there were multiple warnings leading up to it and this was merely an enforcement of Reddit and Superstonk rules. + +&#x200B; + +We repeatedly tried to work with him so his comments wouldn't get reported. Reports are anonymous; if our advice had been followed, we would have been able to prove their comments were being targeted. Unfortunately, we'll never know as it wasn't. + +&#x200B; + +It should also be noted that since we made the decision to no longer allow the fundraising and ad campaign to be featured on Superstonk, prominent members of DRSGME changed their user flairs to things like 'fuck Superstonk' and otherwise have actively encouraged 'war' with the mods as retaliation. We would expect that as the leader of DRSGME who claims to care about the DRS cause and the community, he would ensure that this type of behavior was not being permitted. + +&#x200B; + +If there was a chance for leniency, the actions following the ban have severed that. Rather than appeal this decision and try to work things out amicably with the mod team which is always an option open to anyone banned, or accept constructive feedback and simply change their behavior, this user has instead decided to retaliate against Superstonk, as regular users of this sub have no doubt seen. One single user does not represent DRS, yet the current narrative being pushed on the sub suggests otherwise. We have millions of shares direct registered due to the collective efforts of DD writers, guide authors, bot developers, site scrapers and YOU,the organic contributors to this saga. + +&#x200B; + +We are flooded with reports due to hundreds of users thinking the appropriate action to retaliate is to report every mod and QVcomment. This behavior is no different than that of the shills and bots being claimed to have done the same to this user. Clogging up the modqueue like this could potentially lead to Reddit Admins adding their own mods here or closing the sub. This isn’t fear mongering… this is the reality we are faced with. We’re not complaining about the workload - we knew what we signed up for when we volunteered for this role and have been working nonstop to ensure that the sub does not get shut down. The retaliation isn’t just against the mod team, these users are also throwing innocent apes under the bus by continuously tagging them and suggesting they receive bans too. Someone posting the one same post each day is not the same as someone commenting identical comments hundreds of times each day. + +&#x200B; + +So, yes, faced with this situation, we began removing posts and comments to control forum sliding. Yes, we issued temporary bans to those who continued spamming the sub. And yes, we will continue to do that because it is our job as moderators of the sub. If you care about the success of this community, GameStop , and DRS, instead of directing your attention to issues that divide us, it's time to start remembering things that brought this community together. If DRS is your passion, discuss it in a civil and engaging way that brings people in and encourages them to learn more. + +&#x200B; + +Bottom line is this: the mod team puts more time and energy into keeping this place safe and civil than you’d probably believe. We care so deeply about the success of GameStop, and we’re willing to make tough, unpopular decisions that keep this sub the best community we can. But it takes all of us working together to keep this place going. If you see somebody being rude in comments, don’t flame them back. Report it. If you disagree with somebody, ask questions and seek to understand, don’t just call them a shill. If you disagree with a decision we make, or a ban we issue, give us the decency of assuming good intent, ask questions and appeal to us through logic and reason. Don’t attack members of this community. Don’t attack the mods that are trying to keep it safe. Ape no fight ape. + + +Edit: due to repeating issues stemming from a general attitude of toxicity and a total unwillingness to work with the community we've also just permabanned u/derhyperschlaue. See here: [https://www.reddit.com/r/Superstonk/comments/wczhxl/comment/iihseqp/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/wczhxl/comment/iihseqp/?utm_source=share&utm_medium=web2x&context=3) +# Interview with Robert Carver: Former manager of a multi-billion dollar portfolio at leading hedge fund, Man AHL + +This is one of the most interesting interviews I've done so far. Robert has a very different approach to the bank traders I've spoken with and is far more systematic, less discretionary. For example, his views on take profits and risk:reward are at odds with how bank traders tend to approach things. In the interview you'll get this thoughts on backtesting, common mistakes retail traders make, bet-sizing and continuous vs discrete trading rules ... and much more. As with all interviews, we will also take a quick journey through Robert's career and see how he began trading professionally in the first place and where things went from there. I hope you enjoy it and it useful! + +Official bio: *Robert Carver is an expert on systematic trading and a guest lecturer at Queen Mary University of London; a former head of fixed income at multi billion dollar quantitative hedge fund AHL and former investment bank trader, and the author of three books: "Systematic Trading", "Smart Portfolios" and "Leveraged Trading".* + + +&#x200B; + +[Robert Carver ](https://preview.redd.it/7ts160t50xs61.png?width=600&format=png&auto=webp&s=6bbbfe43d1a06bb808b82d499afafa2800de3d54) + +# The background story + +&#x200B; + +**How did you get into trading?** + +The first trade I ever did would have been in mid '99, during the tech boom and just as online trading was becoming a big thing in the UK. + +One of the early internet service providers, Freeserve, was IPOing and it was massively oversubscribed. I believe I had about £80 worth of shares. It got me really interested in markets and investing. + +I’d originally studied Computer Science at university and started down a different career path - nothing to do with trading or markets - but decided at the age of 25 to go back and study Economics. + +&#x200B; + +**What about your first job in this area?** + +I worked part-time whilst studying. I’d got a job at one of these up-and-coming online stockbrokers. The timing wasn’t great, of course, as the dot com bubble was bursting but they still found interesting stuff for me to do because of my background in IT and skill with computers. + +In the second year of uni, I applied for internships at various places. The only one that came through was at a firm called AHL, a quantitative hedge-fund. I think they liked that I had what was - in those days - a somewhat unusual background combining an interest in finance and markets but also computer science. That was an interesting mix, as far as they were concerned. + +I did the internship over summer and I felt sure they’d offer me a job afterwards. I’d got on really well with everyone there. They were a small company at that time and not particularly well organised so I decided it would be sensible to apply to some big companies, too: the classic investment banks. + +The banks were far more organised. On the applications I’d indicated I was interested in roles within the Research department. However, I ended up being interviewed for Trading roles. The only thing I can conclude is that they processed my psychometric test and thought “This guy is clearly a psychopath - let’s put him in Trading!” Anyway, this bank offered me the job. + +&#x200B; + +**What happened next?** + +I took it. The money was great for someone coming straight out of university. I’d just got married and my wife told me I’d end up hating the job. She was right. Ethical concerns aside, it was a terrible mix of being mentally demanding yet not intellectually stimulating. + +I was working on the exotic rates options desk, which was about as complex as you could get at a bank. The best way I can describe it is: imagine trying to do a Sudoku challenge with lots of people shouting in your ear non-stop for ten hours a day. + +I did a few years there and then decided to get a part-time Masters in Economics, whilst working full-time in a new job at the Centre for Economic Policy Research. At that point I thought I’d found my calling. + +&#x200B; + +**I’m guessing fate intervened?** + +Yes, by chance I saw a role appear over at AHL. I thought that I’d apply for it - if nothing else it’d be fun to see everyone again. + +I ended up having the choice between continuing a career in economic research or joining AHL. I picked AHL. I had really enjoyed the whole interview process and the people I met, which left me with a pretty strong conviction that it would be the right decision. + +&#x200B; + +**What did AHL want you to do for them?** + +At the time AHL was purely focused on technical trading. By “technical trading” I mean price and volume are the only inputs into trading decisions. For example, if you have a strategy that’s looking at dividend yields that wouldn’t fall under this category. + +They wanted me to introduce a new set of strategies that were focused on non technical trading. Say, for stocks, you might use things like Price/Earnings ratios as an input or macroeconomic data such as GDP or inflation readings. + +This has its own challenges. When you get a price - that’s it, that’s the price. When you get GDP, it is often revised after the original release. The data is also very low frequency: many fundamental data points only update monthly or quarterly. + +&#x200B; + +**But you must’ve also used price to some degree? Even if your model is using fundamental inputs there must be some concept of price and value.** + +That’s right. It is a bit of a grey area. For the bond model we’d look at interest rates of course and interest rates are clearly related to the price of bonds. + +After a few years the business decided that this fundamental and technical style split made less sense. They decided to bring it all together but split it along asset class lines. The usual kind of split: FX, commodities, equities and fixed income. + +Because of my background in fixed income at the bank I was a natural fit for that group. There were people around who were cleverer than me but - I think in part because management thought that I could communicate well and get the other quants working together as a team - they put me in charge of the fixed income group. + +That was a big job. You’re talking 40% of the AUM at a $30billion dollar hedge fund. A huge portfolio and huge volumes of trading. + +It was also an interesting period. This started in 2010 and whilst we were managing the portfolio we had the European sovereign debt crisis and quantitative easing in the US. Markets were moving and at times it got a bit hairy. In our worst week we lost one billion USD. + +&#x200B; + +**Ouch. Do you still think of it in monetary terms or are you able to abstract it away to a percentage? Like “we’re down 11%” rather than $1 billion.** + +I always advise people to look at it in percentage terms for exactly that reason. If you look at it in nominal terms it is psychologically hard. + +Even now - perhaps especially now - when I am running my own money and the sums are far, far smaller, I still try to think in percentages. Of course it would only take me a fraction of a second to do the conversion but I want to try and keep it abstract. + +Anyway, we’d had a new guy join the team recently at AHL and so I was catching up with him for a coffee. I asked him how things were going. He just sat there shaking his head, saying “I cannot believe we are down a billion dollars and everyone’s just going about their work like everything is fine.” + +He was right. If that had happened in a discretionary hedge fund there would’ve been screaming and shouting and so on. However, in our team people were calm and unflustered because they had successfully abstracted performance to a percentage and it was not an extreme percentage - we simply had a large amount of assets under management. + + +\------------ + +# Views on various aspects of trading + +**Your background is heavily systematic. Yet in one of your books you describe a purely discretionary trade. You managed to bottom-tick the UK banks during the Global Financial Crisis. I’m curious as to why you would sometimes trade like this when you are so clearly a believer in systematic trading?** + +I always say that I personally don’t have enough skill to be a discretionary trader. + +What I’ve managed to do fairly successfully is pick two market tops and two market bottoms within a few months of the event. In 2009 I felt the market was close to the bottom. However, that’s happened a handful of times over fifteen years. + +There’s two problems with this. You cannot make a trading career out of picking four occasions over fifteen years. Then I put my statistician hat on and think: there’s not much of a sample size, is this just luck? + +I might have some ability to sense big moments of change. However, that’s not how I do the vast majority of my trading. The reason I put it in the book was to illustrate a point: because I had no system for risk and position management back then I ended up not putting enough size on. I had the right idea but I didn’t make as much as I should have from it. + +I split the world into three categorie + +* People who cannot make the right discretionary calls (most of us); +* People who can sometimes make the right discretionary calls but don’t have a system (that was me in 2009); +* People who can make the right calls and also have some intuition for risk management and position sizing. + +There are really only a tiny, tiny group of people in that third category. People in the first category should let the system decide when and what to trade and also do the risk management. People in the second category might make the trading decisions themselves but should use a system to help them decide risk management parameters such as the size of position and exit points. + +&#x200B; + +**One sentiment I get from a lot of your writing is that people should spend far less time on trade ideation and far more time learning to avoid making basic mistakes. Can you talk about this?** + +The three big mistakes I think people make are overconfidence, over-trading and over-leveraging. + +The core problem people have is they do not have a good appreciation of luck. In most things humans do there isn’t that much luck involved - or at least the luck isn’t obvious. Think about learning to drive: the more you practice then the better you’ll get, up to a point. That is a reliable outcome. + +If a formula one driver, say, took a driving test 100 times you might expect them to pass it every time or at least the vast majority of times. The markets just aren’t like that at all. There is far more noise. The equivalent world-class trader might only be winning just over half the time on her trades. + +&#x200B; + +**Can you give an example of how this overconfidence manifests itself?** + +Let’s say someone has made 100% returns over a three-month period and they start to feel invincible. + +Let’s look at what they did; they just bought Gamestop and held it. That unfortunately tells us very little. You need a large sample of trades - hundreds or more likely thousands - before you really have any idea if a trader has skill or not. + +This leads us onto the subject of over-trading. Because of apps like RobinHood that market themselves as 'free trading' people think they can trade for free but this is not true. There’s still the spread. It might only be 0.5% but after 200 trades you’ve lost it all in spread. + +People are overconfident and feel like they can overcome the spread but in reality - even if they’re highly skilled - there’s a lot of noise in their results. Even if they can make enough on average to cover trading costs, there will be periods of low performance whilst trading costs are always there and will constantly chip away at your money. + +Over-trading is probably the one thing that most people get wrong. Certain apps even gamify this and do things like make confetti appear on the screen whenever you trade. Over-leveraging is also a huge problem but I think there is more awareness of this. People know too much leverage is dangerous and the regulators make some attempts to dampen it. + +&#x200B; + +>There are two reliable ways to lose money. You can do it quickly through too much leverage or you can do it slowly by over-trading but either way you end up at zero.**Robert Carver** + +&#x200B; + +&#x200B; + +**What kind of trading horizons do you have yourself? It would be revealing to see what you consider to be not over-trading.** + +It depends on the cost of trading each instrument. The more times you trade each year, the higher the costs are. The tighter the spreads of an instrument happen to be, the more times you can afford to trade that instrument each year. + +The most liquid thing I trade would be the S&P 500 futures contract. In practice I probably have an average holding period of about two weeks for that. + +I could maybe stretch that to one week. However, forgetting about costs for a moment, the reason I do not trade faster than that is a property of moving average systems. When you start to reduce the time horizons the behaviour is different. I’m simplifying to make this point but below two weeks you’ll often observe mean reversion characteristics whereas beyond that instruments will typically trend. + +The most expensive thing I trade is the Eurodollar interest rate future and there you’re looking at a holding period of several months. There are many less liquid instruments that I would never trade due to their transaction costs. + +&#x200B; + +**Let’s talk about these online leaderboards and copy trading. I feel they’re very unreasonable. They are set up by default to rank strategies by nominal return, which simply rewards high risk strategies rather than high quality ones.** + +I hate those sites. + +One issue with them is that a very easy way to game yourself to the top is to submit dozens and dozens of strategies doing opposite things and people will only see the one that worked out. + +You also have questions around how ‘live’ are the live trading results, really - do they include real-life transaction costs and so on? + +I knew a guy who went to work for one of these firms and genuinely wanted to make them better. As you say - he wanted to give a notion of risk adjusted return and trader skill. However, he couldn’t get it past the marketing department and nothing changed. + +What you really need if you are comparing strategies is some basic measure of risk-adjusted return. Imagine you have Strategy A which takes one unit of risk but makes 25%. Now imagine you have Strategy B which takes two units of risk but makes 30%. Well you could just leverage Strategy A 2:1 and have 50% return instead of Strategy B’s 30% for the same level of risk. + +Now let’s think about what “risk” means. There are problems with this. Some people like to look at max drawdown. Some people calculate standard deviations of returns, although the problem with this is it makes assumptions about the distribution of returns which will not always hold. For example, it is unlikely to be the case that returns fit a symmetrical distribution where the characteristics of positive days exactly mirror the negative. Extreme events are also far more common in real life than you would expect from using many such models. + +&#x200B; + +**At this point it might make sense to explain skewness?** + +Skewness is an interesting concept. + +&#x200B; + +[Characteristics of each distribution](https://preview.redd.it/coiuktod0xs61.png?width=1200&format=png&auto=webp&s=cfc8690cdc1a7a9cfac5973876bc22e8fa98a56d) + +An asset that is negatively skewed is one with a higher proportion of winning days but where the losing days are larger in magnitude than the winning days. An example would be selling options. On the majority of days you will collect a small positive return from the premium of the options you have sold. However, there is always lurking in the background a tail risk of an extremely large loss. A lack of appreciation of this has [caused many firms to blow up](https://earlyretirementnow.com/2018/12/18/the-optionsellers-debacle/). + +On the other side you have positive skew assets. These have a bias to lose a small amount on the typical (modal) day but can have explosive upside when they do win. Owning VIX would be an example of this. + +Now let’s think about leverage: if you calibrate your leverage for the average day and have a negatively skewed strategy then you might do really well for a period. However when the infrequent but extremely large negative day arrives you will find yourself over-leveraged and in a lot of trouble. You have to be especially careful with leverage on negatively skewed strategies. + +Many strategies that look the best in terms of risk-adjusted returns tend to have negative skew. FX carry is another example of this. So there’s nothing inherently wrong with having a negatively skewed asset but you simply don’t want to have too much of it. You want these strategies to be part of a diversified portfolio of other strategies that have positive skew as well. + +**I'd like to turn to backtesting. An area you've discussed often. A lot of new traders have little or no statistical training and use off-the-shelf backtesting software. Why is it that so many traders are sure they’ve found the holy grail - “I will be rich in six months!” - yet invariably this turns out not to be the case?** + +&#x200B; + +I’d always written my own software and had never used one of those off-the-shelf optimisers until some of my students - I’m a part-time university lecturer - came to me, convinced they’d found a too-good-to-be-true strategy and wanting to get my thoughts. + +The first thing you have to make sure of is that you are only backtesting using out-of-sample data. You cannot mislead yourself by letting the system ‘trade’ on data that it has already seen when generating your model. This sometimes creates problems for people as they feel they don’t have enough data but this is non negotiable. If you have a slow trading system like mine, you will want years and perhaps decades of data for backtesting. + +The second issue with these commercial back-testers is how the fitting actually takes place. One of the dangers is that they offer a huge amount of fitting options, most of them pretty black box so it is hard to get intuition for what they’re doing under the hood. + +What you want when fitting is robustness, meaning that you haven’t over-fitted parameters to the past. I’ll give you an example. I use about eight different moving averages and a not very robust way to do things would be to run them all and just pick the one with the best performance on the backtest. That makes no sense: there is little evidence to suggest that a particular moving average will remain the best in future. A more robust method would be to trade an average of those things. Keeping it simple and equally weighting them is generally a reasonable starting point. + +&#x200B; + +**You’ve also written about ‘implicit fitting’ which is interesting as it is an even more subtle mistake. What is ‘implicit fitting’?** + +Imagine I do everything right and am only using out-of-sample data and the model outputs some performance data. + +However, I look at it and think “Hmm. I’m sure we can do better than that” so I go and tweak some of the higher level parameters and re-run it till we arrive at a more appealing result. + +That is still cheating because you are using in-sample data! My changes are informed by the trading results i.e. from seeing the price data which in real life can only be known after the fact. The model will appear better than it is likely to perform in real-life, where it is not encoded with knowledge of what the future holds. + +&#x200B; + +**If we take a motivated retail investor - someone who makes an effort to do things properly but not from within an institution - are they better off sticking to simple and well known strategies like momentum and carry?** + +I think that everyone should start there. + +There’s a lot to be said for trading a well established strategy that is intuitive and has a long track record. This is the beginning of a learning process and you are going to develop risk management and the other parts of the system from the experience that you gain. + +Some people will be happy sticking with this kind of system for the long-run and that’s fine. Others will look for ways to refine the starter system further - this is where I sit - and this is perfectly reasonable if you are deeply interested in this stuff and willing to spend lots of time on it. + +The third approach is people who have some reason to believe they have a strong discretionary ability to pick trades. They may choose not use momentum and carry directly but even they will benefit from sticking with the principles of risk management that are encoded in the system with which they started. + +&#x200B; + +**Given carry and momentum are so widely known and used, why do you think they still exist? Why haven’t they been arbitraged away?** + +The answer comes in two parts. They exist because of psychological biases that afflict investors and they don’t disappear because they’re not slam dunks. + +These kind of strategies do not make large profits every single year. If they did then everyone would use them and they’d disappear. On average, over the long-run they work but this stuff is not going to provide supernormal returns day-in, day-out. + +If you pick an arbitrary trend following system on a arbitrary instrument the Sharpe ratio is going to be something like 0.2, which is not brilliant. Where it really hums is when you diversify across many markets and that requires more capital than most individuals have. You also have to avoid making the sorts of mistakes we’ve discussed, which clearly many people do not manage. + +Now, why do they exist? Because they do things that humans find uncomfortable. The technical term is that they are 'risk premia'. Think of it like an insurance premium, where you’re being paid to take on some risk so someone else doesn’t have to do so. + +If we look at FX carry, for example, you make money overall but returns are punctuated by sharp drawdowns. People don’t like those so they don’t like to put on carry trades. So if you are willing to put the carry trade on you are getting compensated for this. + +Similarly trend following works because many people take profit too early. If they buy something and it goes up, they worry about it going back down and sell it when they really should just hold on. There is [a lot of literature on this topic](https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/prospect-theory/). + +&#x200B; + +**You are really not a fan of take profits are you?** + +I think one of the reasons it is a popular idea is this concept of risk:reward. People will say things like “I’m risking X to make 2X.” The nice thing about that, of course, is that you don’t need to get every trade correct. Even if you only call half your trades you’d make money on a 1:2 ratio. + +However, I don’t like it at all because it ignores basic facts. For example, over the kind of time horizons a retail trader should be trading, markets tend to trend. So I find it particularly odd when people combine this methodology with a trend following strategy. + +The market doesn’t know or care about your two risk units. If your system believes that the trend is likely to keep continuing you should stay in it. Your system or your stop loss will tell you when the trend has ended. + +I’m talking here about arbitrary take profits. If you have a model that is specifically predicting that, say, the fair value of an asset is 200 then of course it makes sense to take profit and exit once that price has been reached. + +I do think that trailing stop losses are a useful tool that more traders might consider using instead of arbitrary take profits. + +&#x200B; + +[Illustrative example of a trailing SL](https://preview.redd.it/6glbs5gb0xs61.png?width=1200&format=png&auto=webp&s=37a31fd421490c47f0d8d3e8617a45301e6efc0e) + +&#x200B; + +**This is similar to the classic mistake of picking a stop loss level, based on PNL.** + +Yes. Where you leave your stop loss should be decided by taking into consideration the volatility of the instrument and your time horizons. It should absolutely not be chosen based on the nominal amount of PNL that you would lose, should it be triggered. + +All else being equal, traders with large and small accounts should have the same stop loss price level. The only thing that should differ according to account balance is their position size. + +The market doesn’t care if you’ve lost 10% of your account at a certain price. You should calibrate your position size for the risk you are willing to take, after you’ve selected an appropriate price level for your stop loss. + +&#x200B; + +**Perhaps this is a good point to talk about continuous trading rules, which you’ve written about recently. This is a method that I’ve observed frequently amongst professional traders yet seems uncommon in retail. Can you explain how it works?** + +Most people trade with binary trading rules. Say, for example, a moving average crosses another then I do a trade. I buy one unit of risk, let’s say. At some point you want to get out of the trade - say you hit your stop loss - so you sell one unit to go flat. + +The important thing to take away is that you are treating all trades the same. You risk the same every time. You are ignoring any difference in expectancy. + +&#x200B; + +**Unlike, say, poker where you bet more when you know your hand is stronger or less when you are uncertain or know it is weaker?** + +Exactly. Now, if I think a trade is fantastic I should put on a bigger size. If I am less certain, I should risk a smaller amount. + +Think about trend following and momentum. When a trend has lasted a long time and is smooth - meaning it has trended in a fairly straight line without significant reversals - there’s a statistically higher chance it will continue than if the trend is short-lived or very jagged. I should be more confident in the former scenario than the latter. + +So let’s think about how that looks in practice in a continuous system. The moving averages first cross over and you might buy a small amount as you have positive expectancy but you are not yet highly confident. As the trend progresses and the moving averages fan out more, you know the trend is stronger so you add to your position to reflect your increased confidence in the trade. You keep doing this until at some point the trend slows down and you start to gradually reduce your position all the way until you might flip short. + +&#x200B; + +**That is quite clear. And discretionary traders do something similar. For example, Druckenmiller has talked about ‘pyramiding’ into a big position.** + +Yes. Even if you are making discretionary calls you still need to score them. One idea might be a 10 and another a 5. You will still trade the 5 but perhaps in half the size. + +If you are systematic it is much easier to evaluate if continuous trading works. You can look and see if the trades your model was most confident about do indeed outperform the others. If you are discretionary that is harder to do but at least by recording your scores pre trade you can review them afterwards and get a feel for it. + +&#x200B; + +**Do you require a level of intuition behind the strategies you trade or would you trade something when you don’t understand why it works, provided the data looked good enough and the back-testing process was rigorous?** + +I personally would not. There are firms who do trade this kind of stuff - ‘ghost patterns’ they’re sometimes called - and some of them are extremely successful. However, I wouldn’t recommend it for the average retail investor. You need a huge amount of experience and skill to avoid falling into traps like subtle over-fitting. It is dangerous stuff. + +Even at places like AHL you could see people struggle with this at times. We did a data mining exercise, looking for pairs or triplets of instruments that we could use in relative value trading. By this I mean we’d, for example, buy one instrument and sell a linked instrument and wait for the two prices to converge. + +A particular result looked interesting: live cattle futures and the NZDUSD. The researchers tried to rationalise it by talking about all the sheep in New Zealand and people choosing between eating beef and lamb and so on. The reality is that if you look at enough instruments you will end up finding some relationships that appear to be real but turn out to be spurious and don’t last. They were rationalising post hoc a pattern that they’d found due to sheer chance. + +&#x200B; + +**You publish your trading and investing results every year. Does the act of publishing them change how you trade and invest?** + +I don’t consciously do things differently. Subconsciously I do think I feel like I should set a good example and practise what I preach. A good example would be around the pandemic last year. I decided to dial down risk based on one of my one-in-five-years views and I had to hold my hands up and put it in the report. + +This happens in systematic funds, too. The managers do not aim to interfere with the trading system but they may well use human discretion to dial-up or down the risk at a given point of time - thinking about investor reactions to big drawdowns, for example - and this can have a big effect on performance. + +I’ve only published my results over the last seven years, whilst I’ve been an independent trader. In that period I’ve also made a concerted effort to become more systematic in how I approach trading and investment so this is a style change that coincided with my public reports but I am not sure it was motivated by them. I do think that the act of writing it up has probably made my thinking more structured. + +&#x200B; + +**The point about having investors to whom one must answer is an interesting one. The clear fact is retail traders overwhelmingly lose money - around 7 in 10. However, the independent trader does have some advantages over the institutional trader. For one thing she is likely to have a smaller account so she can be nimble and not worry about market impact and excessive trading costs. For another, there are no external investors to constrain her behaviour. What do you think about this? Is retail trading a reasonable activity or should people stop doing it?** + +It comes down to why you are doing it. + +If you are trading purely for financial reasons, the average person should do very little. Just buy a diversified passive tracker. + +I believe trading done well will get you a better risk-adjusted return than passive investment because you can get access to these other sources of risk premia. However, it requires a lot of time and effort to do it well. + +What worries me is people who view trading as an easy way to get rich quick. That is highly unrealistic, especially with a small starting account balance and little to no experience. + +Then there are people for whom trading is more like gambling. People who go into it, expecting to lose a small amount of money, but consider it fun and just another form of entertainment. We saw a lot of this recently with Gamestop. That is probably okay as well but I do worry about ‘problem gamblers’ as this industry is regulated differently to gambling and the same level of consumer protections do not really exist. + +&#x200B; + +**If they take nothing else away from this interview, what advice would you have for a retail trader?** + +Keep it small and keep it simple. + + +&#x200B; + +\---------------- + +*Disclaimer:This content is not investment advice and you should not place any reliance on it. The views expressed are the author's own and should not be attributed to any other person, including their employer.* +Bernie Sanders has unveiled a national rent control plan. Capping annual increases at 3% or rate of inflation, whichever is higher. + +Would this substantially impact your business or cause you to make any strategy changes? + +I'm newish in REI with 2 SFH so far in an area without rent control. Wondering what more experienced investors think about this. + +https://www.reviewjournal.com/news/politics-and-government/bernie-sanders-reveals-national-rent-control-plan-in-las-vegas-1848660/ +Okay boys and girls, strap in. This one could be a doozy. + +Post trading day, I was reflecting peacefully with what I saw today. "Wow, a market wide sell off!" I assumed this happened to allow the opponent in the GME trade time and liquidity to continue teetering on the edge of annihilation. Then it happened. The Tweet. + +"We believe the coin has too strong an environmental impact. Not using it until further notice." + +Then all hell broke loose. I thought about this a lot. Questions came to my mind. + +"Weird, he only recently opened a significant position here. How strange." + +"Why say it exactly like he did in that manner? Why now? **WHY RIGHT NOW?**" + +Let's reflect a bit. People don't usually just jump in to that space without doing some research. It would be reasonable to assume he already knew about the environmental impact. Actually hell. No way he didn't know about it. Not a chance. + +Okay, then why? + +Then it came to me. Timing truly is everything in life. + +The tweet came a little while after market close, on another day where there were massive sales the DAY before an important liquidity test conducted by the DTCC. Imagine you're a hedge fund on a tightrope above a black hole. you sell JUST enough to keep your balance sheet in the game without crashing the market. Just enough for one. more. day. The last trading day before the liquidity test, and people are talking about end of day margin calls. + +Then, out of nowhere, 12-15% is instantly wiped off your balance sheet with no way to make up for it except for dumping after hours. + +My theory: + +This is a VERY calculated and carefully executed play be Elon Musk. THIS is him become death, destroyer of shorts. Waiting for the perfect opportune moment where the opponent is prone, then wiping out asset value that may be considered rated high enough for Margin call liquidity checks the day before critical mass. + +You will also note that he specifically said that they're not selling off their position. This is because he still truly believes in the asset. This tweet was specifically crafted to temporarily drive the price down significantly the day before a major event, and the reasons given were to provide protection from the SEC alleging manipulation since it's well known though debunked FUD. The price will likely take days to recover, but he knows it eventually will. A way to succesfully attack the opponents balance sheets in a MAJOR way without even touching a single stock. Masterful. + +Also, I wouldn't be surprised if over the next little bit he announces an increase in his holdings during this dip. + +TL;DR: Should be a neat day tomorrow. Coins will recover. Relax, strap in, get hydrated, enjoy the show. We just saw a major player swing a giant sequoia today. + +Edit - changed the tag. +Sharing about my personal life, my past experience from building, selling a company, achieving the life I dreamed about (Financial independency) and how empty it was. + + +## My lessons learned? +- Look for a meaningful life, always +- but health first +- Time is precious +- Challenges make me alive +- Be happy +- Have savings +- Money is temporary, spend wisely +- B2B business is hard. Relationships help a lot + + + +## Intro +2007 - I’d been working for 10 years in Brazil, mainly as a software engineer and tech lead for a few different software development agencies. + +Hectic environment was the norm. 250+ hours/month for 4 months, no weekends, no exercises. I was like: “I’m young, I can do all of it”. + + +## Problem +Then, all of the sudden, I felt an irregular heart rate. I felt my heart beating faster for 2 days. This situation led me to a hospital visit. Burnt out detected. I was told to reduce workload. At least, my heart and everything else was completely fine. + +***This problem would change my mindset forever.*** + + +## Solution +Worrying about my life, I left the company and planned to spend 1 year taking care of myself, no work at all. (At the time I was living at home, no kids, 2 years of savings, which facilitated my decision) + +## My new mindset +- I will never work as many hours as before +- I will not worry about work as much as I will about my health + + +## What did I do next? +2 months into my “forced sabbatical”. Got a call from a former colleague: a job proposal. “NO, I’ll stay 1 year off work”. “How about doing a contract, working from home, at your own time?” I sent my proposal, considering 8hrs/day, higher rates and extended delivery dates. “Ok, agreed”. + +Fast forwarding some years, I co-created a B2B product (similar to QlikView and GeckoBoard) at my own pace (10 months), without pressures (working normal hours). Took us 10 months to strike the first sale! + + +## Company of One +I ran the company for 9 years: + +- 3 co-founders, I was the only one - working full time +- 4 clients only +- 4 employees +- All projects had realistic deadlines. We wouldn't allow pressure from clients to deliver earlier +- No extra hours +- Flexible time, we mostly could work whenever and wherever we wanted to, following the deliverables + +All of it also allowed me to work less hours and enjoy the chased freedom. **We were thriving.** + + +## Finally, the dreamed life +Everything was running accordingly. No long hours. Holidays abroad. Time to exercise. Low 7 figures revenue. Great profit. Highly efficient employees. The dreamed life had arrived! To make it even better, I received an offer and sold my company for something in the north of 7 times my yearly earnings. + + +## Moving abroad +With money on hand was time for us (my wife and I) to take the biggest decision of our lives: to move abroad, from the hot and sunny Brazil to London (I’ll write another post with the reasons we decided to move). + + +## I’m on top of the world +Now, I have all the time I wished for. I can travel a lot. I don’t need to work. I’m successful, anything I launch will be profitable. I know how to make money. + +Then I travelled. I didn’t look for a new job at all. I invested my time in side-projects as diverse as a list of transport options from airports to city centres. List of UK beers. List of videogame’s musics. + + +## Is everything going according to the plan? +Well, my new lifestyle was not bringing me real happiness. **Having anything I dreamed of without any clear purpose was meaningless.** + +Adding to this, my side-projects were not helping anyone. **This made me realise I wasn't as invincible as I arrogantly had thought.** + + +## The meaning of my life +One of the purposes of our moving abroad, was to raise kids in a safer country, with less problematic politics. Then, sticking to the original plan, it was time to have a baby. He was born 2 years after I started my dreamed, empty life. + +Since then, I'm one of the most important people in the world, at least for him. My life now has the most clear objectives, most difficult challenges and the best rewards ever: +- **to make him as happy as possible. If he’s happy, I’m more than happy** + +- **to raise him without any prejudiced views** + +- **and many, many more** + +**Now, I’m on top of the world.** + +## My today’s world +Since 2018 I'm working as a Project Manager/Product Owner after 12 years as an employer. + +Why? My mind needs to be active (empty mind sucks). It makes me feel alive. I need the income. + +There are loads of positive points now, like 25 days of holidays, clear direction, having a boss to learn from, working in an industry I’m passionate about (sports), career progression, etc. + +## My future +I’m chasing the dream, once again, of launching something that helps people. Why? +- to see the real joy of helping people solve their problems +- to spend quality time with my family. This time will never come back +- to have the freedom to work whenever and wherever I’m the most productive +- To feel the rush when a new client buys my product + +Now, I’m 100% sure I’m using my time and money way more wisely than before. +Hello all, I'm in my second year of playing in the market. Aside from all the degenerate plays I've made in my first year, I'm beginning to allocate more towards dividend stocks. While I prefer to be long on companies I believe in, does it make sense to approach it with a short term mentality? For example, I bought F at $12, sell after ex-div date, collect profits, and buy back in. + +Companies I have my eyes on: F, WMB, T, VZ, MMM + +Companies I've collected dividends on so far: BYDDF, F, XOM +Fidelity borrow fee increased last night. I like to think this is a great metric to use since Fidelity is a very large broker and many apes have shares there. Ortex has average rate around 8%. + +Additionally, there are now 21M shares on loan, up from 20M last week. + +According to computershared.net there are 22.5M shares left in the free float. + +21M shares on loan out of 22.5M shares available🤔 + +We are well on our way towards a historic squeeze. + +Keep buying, holding, and DRSing as usual, it's causing all sorts of problems for the shorts. +I’ve had to do this before and I actually did it again today. I had about $40 in coins and needed food and gas. I went early while it wasn’t busy, bought a $10 Kroger gift card and my food then used the self checkout. I could then use my gift card at the gas pump for fuel and in the end save myself about $2-3 necessary dollars going to waste with coin star. +So as the title says I have inherited $100k CAD. I'm 25 and single. I have no debt to my name and my only bills are insurance($180month) phone bill ($90) and rent ($500). I make just over $42k a year. + +I'd like to invest this money but have no idea where to start, or maybe using the money as a downpayment for a house? +I'm basically trying to decide what my best options are. + +If you were in my situation, what would you do with $100k? + +A part of me wants to treat myself (new Harley or new truck) but considering I'm not in debt and have a half decent job I'm thinking I should look into what would be best for my future. +🌳 The BlossomCoin Project 🌳 + +Billions of trees are cut down every year. That's about 2,000 since you started reading this sentence. + +Every time BlossomCoin is bought or sold, a portion goes to our charity wallet. The value of this wallet (up to 0.5% of current market cap) will then be donated to charities focusing on reforestation efforts every month. + +Tokenomics: + +🌳 30% of original supply burned - now 36% + +🌳 5% distributed to holders per transaction + +🌳 5% burned per transaction + +🌳 1% donated to planting trees per transaction + +They've just done their third weekly donation of $3k to charity, and will be doing bigger ones every week! Devs have also announced on their website that they'll be doxing very soon! + +They're already listed on CoinGecko and CMC (less than 3 days after launch), and the Telegram community is legit - everyone's really invested and can see this is a long-term project for the greater good. + +The dev team are really responsive and have been answering loads of questions in the Telegram, they've got a full team behind them of developers, graphic designers, web devs and have already begun the audit process - super legit. + +Recent concerns about BTC energy usage is gonna send green cryptos parabolic, and this is looking like the best one so far! The roadmap on their website is solid and aggressive, with listings on all major exchanges in the line-up - the devs are clearly in this for the long run. + +Check out the whitepaper on their website, it shows a unique and ambitious plan for the token, you can tell how serious the team behind this are! + +The site looks slick, you can tell the team behind it are absolutely dedicated to this project and know what they're doing - this is gonna go crazy so get in whilst it's early! + +🌳 Website: https://www.blossomco.in/ + +🌳 Active Telegram with over 4K users: https://t.me/blossomcoin + +🌳 Detailed whitepaper: https://blossomco.in/whitepaper + +🌳 Just passed TechRate audit + +🌳 MCAP: 2M + +🌳 Chart: https://charts.bogged.finance/?token=0x8d03e069840D6Fb103abC4F640C8cc07F7F4bc10 + +🌳 Token address: 0x8d03e069840D6Fb103abC4F640C8cc07F7F4bc10 + +🌳 CoinGecko: https://www.coingecko.com/en/coins/blossomcoin + +🌳 CoinMarketCap: https://coinmarketcap.com/currencies/blossomcoin/ + +🌳 Verified contract: https://bscscan.com/token/0x8d03e069840D6Fb103abC4F640C8cc07F7F4bc10 + +🌳 Renounced ownership: https://bscscan.com/tx/0xb20f45f0b43c4f95f04d6e16a8871de7efeb113239c4d8c59f153b0f16c48b9f + +🌳 Locked LP proof (make sure your wallet is connected else it'll show unlocked): https://dxsale.app/app/pages/dxlockview?id=922&add=0&type=lpdefi&chain=BSC +Righto, so my wife and I were really keen on a 3 bed property in Epping, Vic. We've spent the past 6 months looking in Heidelberg/Rezza and due to insane prices, we decided to venture out a bit further where on the surface, things seemed more reasonable. + +This particular property was listed from $495k to $539k. Tonight at 6pm, there would have been 100+ people there and within seconds the bids hit $600k. + +We called it a night at $630k but the bids kept rising. Eventually it sold for $671k. Completely insane in my opinion. + +I'm just posting this as a bit of a vent. I was slightly disappointed but also saddened for the 90+ people who were hoping for something competitive but looked defeated and demoralised within seconds of the opening bids. +She has taken multiple millions in speaking fees from Wall St over the past 3 years. An indisputable conflict of interest. Now she has the audacity to, in plain site, redact items from her public view calendar. Corruption. Blatant Corruption. At first glance, several of these redactions seem to be concentrated around some key dates. Might be worth looking into further. +For a post covid world. Something you feel comfortable holding and DRIP for the next 5-10 years. These are a few I see suggested on here. +O +CTO +WPC +VNQ + +If you could pick 1 or 2 which ones would you pick? + Firstly, apologies to ASX\_Bets as this post contains actual DD collated from financial and Uranium Experts – something usually overlooked when chasing tendies here. But I promise to link some uranium penny stocks to keep it balanced. + +TL:DR section at the bottom + +Now you either like, love or hate uranium but that won’t affect the inevitable bull market that is knocking at the global door. "When this Uranium market starts to really move, the rising tide WILL raise all ships. BUT eventually, the cream will rise to the top." - Uranium Insider + +It’s a long post, as anyone remotely interested should know all the facts, but regardless I have broken it down into the following sections: **Uranium Background**, **Demand**, **Supply**, **COVID Impact**, **Inventory** and **Market Outlook**. + +# Uranium Background + +Uranium is primarily used in nuclear reactors for energy & electricity generation but there is also a large use in research reactors for production of medical and industrial isotopes and training. Also, over 160 ships (mostly submarines) are propelled by nuclear reactors. + +* Uranium is the **LOWEST** non-carbon operating cost per MWh fuel source +* Nuclear is increasingly being recognised as a **contributor to a low carbon future** +* Nuclear energy provides reliable base load power and accounts for **10%** of global electricity +* Growing interest in Small Modular Reactors (SMRs) in Canada, Scandinavian countries and Middle east. +* Inventory built up since Fukushima is near exhausted +* Long process from mining --> converting --> Enriching --> fuel rod fabrication (\~2yrs) + +&#x200B; + + + +# Demand - it’s increasing + +* Industry is driven by energy and electricity consumption which continues to rise yr-on-yr +* · Steady Uranium demand growth +* · As of 2020 **177Mlb (million pounds) required to fuel the** +* · **440 operating reactors** **wordwide** – providing **10%** of worlds electricity +* · Further **56 under construction** globally +* · China building **12 new** reactors this year with further 44 planned over next 15yrs +* · Further **108 reactors planned** for construction globally after 2020 + +By Country: + +* · France – depends on 78% of electrical production from nuclear with 54 operating reactors +* · USA – 20% of elect production with 95 operable reactors +* · Canada has 19 reactors for 15% with life extension under way for 30-35yrs to phase out coal +* · Russia – 38 reactors for 20% elect with 4 new under construction and **11 new plants by 2030** +* · China – 47 reactors with plan to build further **56 as per their 2020 Energy Development Strategy** – with the impetus for developing new nuclear power for need to improve urban air quality +* · India – 22 reactors for 3% elect supply with further 7 under construction +* · **220 Research reactors** **in 50 countries** with more under construction. Production of medical and industrial isotopes and training. +* · Over 160 ships (submarines and air-craft carriers) propelled by some 200 reactors + +So that’s demand. It’s set and its increasing as the world’s energy and electricity demands increase and as Green Governance Policy is introduced to reduce carbon emissions. + + + +# Supply - it’s been decreasing and accelerated due to COVID + +Since 2016, global supply of Uranium has been decreasing. This is due to sustained low uranium prices that have led to supply cuts (mines shutin) and small companies closed. + +* · Mines were scheduled to supply 135Mlb in 2020 with the rest coming from secondary supply and inventory drawdown. +* · Due to covid this was reduced to 115Mlb +* · The two biggest uranium producers (Kazataprom and Comeco began closing mines in 2016 + * Cameco closed Rabbit Lake in 2016 + * Suspended McArthur River in 2018 (\~18Mlb/annum) + * Cigar lake suspended (due to Covid – see next section) +* · Kazahkstan is the world’s largest supplier of uranium – they have actively been reducing production and in 2017 announced a 20% reduction for three years – purely because of the low price. +* · Kazataprom has openly stated they **will not replace the lbs of lost production** as it is not in their best interest to produce their finite resource at the lower Uranium prices. +* · Paladin’s Langer Heinrich was suspended in May 2018 + +As a result of the planned mine closures and production cuts, the **spot market price surged from US$24/lb to $33/lb at the start of this year**. + + + +# COVID Impact + +Further to the planned production shut-in and closures, COVID has accelerated the looming supply shortage with even greater production cuts and mine closures. + +* · Cameco closed its Cigar Lake mine in Canada due to risk to a Native population. 18Mlb/yr mine closed indefinitely +* · Kazakhstan in march 2020 announced suspension of pre-drilling ops. As they mine they have to drill ahead. 10Mlb/yr reduction in 2020 supply. They drill 3-months ahead of where they are mining from which is halting production now (Aug/Sep 2020) +* · Namibia suspended Rossing and Husab mines on 28th-March +* · Approx. 20Mlb hit to mine supply (135Mlb to 115Mlb coming out of mine in 2020 and dropping by about 5Mlb/month as each month of covid restrictions continues) +* · Accelerating the commercial inventory supply drawdown. + + + +# Inventory + +Inventory (storage by utility companies, traders, and governments) has been drawn down year-on-year since 2014. + COVID has exacerbated the drawdown in 2020 from 35Mlb to 50Mlb + +* · Utility companies (the reactor operators supplying electricity) tend to hold 2-2.5 years of inventory supply – they HAVE to have the guarantee of fuel for reactors. +* · Additional cold war / weaponry strategic inventory of \~240Mlb in US and 360Mlb in Russia +* · US has utility inventory of 110Mlb (2019) which is just over 2yrs supply to fuel their reactors (\~50Mlb/yr consumption) +* · Kazataprom holds usually 6months of supply, though are down to just 3months – i.e. they will build up own inventory first. +* · China has no home-land uranium production, but some of the highest uranium demand. They have \~400Mlb-425Mlb held by China and that will not be for sale to the market. +* · Russia has a national industry policy to market their expertise – to build nuclear power plants for other countries. As part of that deal, they agreed to supply all the fuel for the plants for the life of the plant. Their inventory, though not widely shared is expected to be around 260-300Mlb though they need that inventory for future demand obligations + +In summary, a lot of lbs in inventory are just not available to be sold and will not be made available to the market. + +The **Market is in supply deficit and is using inventory to fill the gap between supply and demand**. + + + +# Market Outlook + +* Growing mine supply gap +* Producers cutting production since 2016 +* Steady increasing demand – especially china, India, middle east and EU +* Storage inventory reducing and most of what is left won’t be sold into the market +* Uranium spot price has performed strongly year-to-date +* Uranium contract coverage in US declines markedly from 2022-2023, down to less than 50% by 2024 +* US utilities are expected to re-enter the mid to long-term market contracts (3-7yrs) in Q4 2020 +* Russian Suspension Agreement negotiations creating some near-term uncertainty +* Continue to see more risk to Uranium supply side on back of COVID +* Steady Uranium demand growth from nuclear reactor build programme + +**Who is going to supply commercial inventory?** + +There is no chance that primary (mined) + secondary (recycled) supply can meet consumption. That is even accounting for shut-in capacity coming back online right now – which won’t happen. + +So new projects HAVE to get started. + +* **Open pit mining** is where big volumes come from – all take atleast **2.5 to 3 years to build** and couple years to permit and prove to utility companies they have a high-grade product. +* Due to sustained low prices since 2013 the **industry has not been invested in for last 7-8years**. +* No real capital has come in to replace **depleting assets** for close to decade now. i.e. there is no backlog of projects that can come on-stream in a few years. +* Nuclear reactor plants have been constructed but no investment into the mines and producers + + + +Decisions by many producers, including the lowest-cost producers, have been made to preserve long-term value by leaving Uranium in the ground -->increasing the number of supply disruptions. + +On the back of COVID, unplanned supply disruptions has further increased the gap between the supply deficit and growing demand. + +Most EU and US long-term utility contracts expire between 2022 and 2023 with less than 50% extending past 2024. i.e. the Utility companies will shortly be going back to market to lock in future supply. + +Despite the stigma associated with uranium, nor whether you love it or hate, regardless there is a clear supply demand gap and the market will make its move accordingly. It’s just up to you whether you want to be part of it or not. + **Disclosure:** I am part of it + +# TL:DR Uranium is at supply deficit with next 12-18months proving inevitable supply gap coupled with increasing demand as world governments look to reducing carbon emissions and electricity and energy demand increases. + +**ASX stocks to watch** – if this post gets enough attention ill provide due diligence on few individual companies that are standing out from the pack where huge gains will be made. + +ASX:LOT Lotus Resources - purchased shut-in Kayelekera mine in Malawi from Paladin in 2019. Are currently talking to utility and commercial companies to re-open at a set U. price. + +ASX:DYL Deep Yellow Resources - Chaired and driven by Josh Borshoff – ex Paladin CEO who took Paladin from $2mill market cap to $4BILLION market cap in 2005 Uranium bull market. + +ASX:VMY Vimy Resources – uranium miner with assets being developed in North QLD and NT + +ASX:PEN Peninsula Energy + +ASX: GTR GTI Resources + +ASX:BOE Boss Resources + +ASX:PDN Paladin Resources + +&#x200B; + +\#Uranium #Uraniumbullmarket + Last year, mining companies vastly outperformed the broader market. This was mainly contributed by the rise of EV’s making investors turn to this safe haven asset in this time of economic crisis majorly brought by COVID-19 pandemic. As a result of this, we have seen the rise of companies such as Solaris Resources Inc. (SLS.TO), Lundin Mining Corporation (LUN.TO), Barrick Gold Corporation (ABX.TO) and many other mining companies in the region. +I have closely been following these mining stocks and I think copper is going to be a bullish commodity going forward as electricity seems to take the centre of numerous industries in the world. Which copper play is a best buy right now? +Grew up poor, got fucked hard in 08, worked her body to the bone for a shit retirement in a shit apartment... I HODL FOR THE POOR, FOR THE HOMELESS, FOR THE PEOPLE WHO GOT SERVED SHIT IN THEIR LIFE AND WERE TOLD TO BE HAPPY ABOUT IT. THE TIME OF THE APE IS NEAR, GOLDEN BANANAS WILL RAIN FROM THE SKY INTO THR HANDS OF THOSE WHO WILL FINALLY MAKE REAL CHANGE IN THIS WORLD + +APEMEN + +Addition: Pretty apparent my situation is not special, quite sad really, here’s to all you fellow apes who also want to see their parents live out their days in peace. It’s an amazing motivation, thank you all ❤️🦍 + +Another addition: GD apes, thanks for all the love! +**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 and 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/spgynoo1yaw61.png?width=623&format=png&auto=webp&s=6d9488dba90b8e5cc6c3d1f7fbe1b195eaa19f33 + +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/jbgvei0byaw61.png?width=623&format=png&auto=webp&s=396b7166c2d8b9069e119c7cc9af43b63afd6511 + +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.* +I listed the current value of my Coinbase account and self custody crypto along with things like stocks and retirement accounts as assets on a bunch of recent mortgage refi applications. Was shocked that out of all the places I applied that my credit union accepted it and treated them just like my stock account, valued at 70% of market price. They asked for 3 months statements from Coinbase and the public addresses of any self custody holdings. + + +I'll take this as yet another sign that mass adoption is right around the corner. +Remember the guy who was a dogecoin millionaire? + +The guy got everything that he owns, even borrowed money from this parents (cleaning lady/truck driver) and put $250k in dogecoin at 0.05cents. Basically, everything that you have ever read in this subreddit of what not to do, he did it. Then, he got the luck of a lifetime and was up $3.5M. The guy wanted more and fame. + +The stupid Hodl hodl hodl. Hodl sometimes is stupid. When life changing money shows up, take it. + +Now Doge is approaching 0.10 . The guy is only $250k up, down from $3.25M. $250k is not life changing if you live in California, like he did. + +If you ever feel down, watch when Doge is at 0.05 and think about this guy, it will ease your pain. + +…. he also has 1 billion Floki Inu just to +make things worst. +Going to be lots of speculation on the NFT Marketplace, so I'll leave this small piece of advice for anyone reading the absolute amount of FUD out there regarding this topic. + +They're building a web based nft service, if anything, get them the practice they need for when MILLIONS want to use this service, cause it's going to happen. Not only that, but the more website traffic and free advertisement, the better. This company isn't about pushing its customer base away, they want more and they know what they're doing, and what they're capable of. Stepping into the industry myself, you have to be a workhorse to be able to withstand the WORK load provided by such a large project. They hired capable and willing people, because of you guys, who believe in the projects released by Gamestop. + +So with that said, you the people have to pat your selfs on the back for being able to help this come to fruition. Now,it's Gamestops' job and responsibility to decide what they want their customers to do with the products they drop, not the subs responsibility; you're here to enjoy the and provide some hard WORK for all the hard WORK you put in HODLIN over this last year! + +Please, you, the people, the creators, the players; If you feel that you can contribute in any way, give it a shot. Take those dragging knuckles, raise them up, hold your head high, and enjoy the new ability of NFT minting on Gamestops new NFT Marketplace! + +This is your time to shine! + +Buy Hodl DRS and welcome to big dumps in the Metaverse. + +Edit 1: To add for purpose of speculation - https://www.reddit.com/r/Superstonk/comments/roxwtq/microsoft_gamestop_and_the_speculatory_battle/?utm_source=share&utm_medium=web2x&context=3 + +I made a post prior to this speculating that Microsoft, the quiet tech giant, is in kahoots with Gamestop, Ethereum, LRC,(Potentially Alibaba), and Starlink, to upgrade their Azure Web Services, which Gamestop uses AzureWS in their storefronts, into a web3 integrated system that allows for minting. + +Now I know Bill gates has stepped down since last year for varied reasons, but one thing that does ring true with this man is this quote - "Content Is King" - and Microsoft as an entity abides by those words cause that is their business tactic. +I firmly believe something bigger is at play and right under everyones nose while every other tech giant is talking cheap. + +Also "time for pillow fights and 60's music" came the day after Microsoft announced its granted patent for helping companies under their web service mint their own tokens. + +Did someone say GMERICA? +So I understand that in order to retire, you sort of need a career to retire from. If you inherit wealth, what should be the mindset of retiring? Is there a level of work that is optimal for you and society to feel that you "deserve" to retire? I'm mostly interested in starting a conversation about how we feel about inherited wealth and what it means to enjoy life while not working directly to benefit society. Also, even in retirement do wealthy people feel they have a societal role in managing their wealth to allocate capital efficiently? +I'm planning to buy $1000.00 each of the stocks on the list to start with a dividend portofolio. Anybody has any advice or recommendations? + +&#x200B; + +https://preview.redd.it/ykzlma03q1i91.png?width=241&format=png&auto=webp&s=196570d67597147976c87b865e307035581ad4f1 + +&#x200B; +DiamondHold, a fresh RFI-like cryptocurrency where the longer you hold, the more you are rewarded! + +DiamondHold works for you by allowing you to not only ***earn more reflections*** the longer you hold, but ***transactions tax decreases*** over time so you can be confident that your investment not only grows, but you save more. It's a win-win! + +This token also will have an actual ***usecase*** with an **ONLINE CASINO**! $DHOLD tokens will be exchanged for online casino chips to use in casino games such as Diamond Hold'Em Poker!! + +Why should you invest in DiamondHold? + +Unique reflection reward system that is the **FIRST OF ITS KIND**, with a **REAL USECASE** \- all for a token that currently only has a $4 Million Marketcap - ***HUGE UPSIDE VERY POSSIBLE*** + +There are ***4 wallets tiers*** for holders: + +💎 **Tier 1** 💎 + +Tier 1 is available to every wallet that has at least 1 token. It receives **15%** **tax** on transactions and receives **1x** the **rewards**. + +💎 **Tier 2** 💎 + +After 3 days of holding at least 1 token, Tier 1 wallets mature into Tier 2 wallets. These wallets receive **13% tax** on transactions and receive **3x** the **rewards**. + +💎 **Tier 3** 💎 + +After 7 days, your wallet will advance to Tier 3. It will receive **10% tax** on transactions and **6x** the **rewards**. + +💎 **Tier 4** 💎 + +Finally, after 30 days, your wallet fully matures into a Tier 4 wallet. It receives **6% tax** on transactions and **10x** the **rewards**! + +Not only this, but you can be confident in the token and the devs as they have not only shown themselves to be transparent with their constant interaction with the DHOLD community on their Discord and Telegram Channels, the locked LPs (see links below) and their first successful Audit! Everything you ever wanted in a token is right here, and the best thing is, there is much, much more to come! + +***Phantom tokens*** are a concept that was coined by the developers at Diamond Hold, which are loosely based on the idea of [bonus issues](https://www.investopedia.com/terms/b/bonusissue.asp). + +The basic definition is: + +>*Phantom tokens are tokens that are temporarily taken out of the circulating supply, which will then be returned to the supply at a later stage.* + +For more on phantom tokens, there is a medium article available: [https://diamondhold.medium.com/what-are-phantom-tokens-73154168fa63](https://diamondhold.medium.com/what-are-phantom-tokens-73154168fa63) + +Supply Breakdown: + +⚖️Total supply of 1,000,000,000,000,000 (1 quadrillion)!⚖️ + +👨‍👨‍👧Public (32%)👨‍👨‍👧 + +🔥Burned (40%)🔥 + +🖥Marketing \[6-month lock\] (19%)🖥 + +👨‍💻Dev Wallet (9%)👨‍💻 + +Statistics: + +✅$4 Million Market Cap + +✅40% Burn + +✅ Audit Passed + +✅ Tier system for taxation and redistribution, the first and only one of its kind + +✅ Liquidity LOCKED + +✅ Low Price + +✅ Huge Upside Potential + +🔓 UPDATED LOCKS 🔓 + +Team Lock: [https://dxsale.app/app/pages/dxlockview?id=4&add=0x9ED5216f5D07aab8710b44322459844540cFDec5&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=4&add=0x9ED5216f5D07aab8710b44322459844540cFDec5&type=tokenlock&chain=BSC) + +Marketing Lock: [https://dxsale.app/app/pages/dxlockview?id=3&add=0x2BA4B1CCa6E240C0e6d938F2C647019179454559&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=3&add=0x2BA4B1CCa6E240C0e6d938F2C647019179454559&type=tokenlock&chain=BSC) + +Liquidity Lock: [https://dxsale.app/app/pages/dxlockview?id=1&add=0x1bA1d0F472f44c8f41f65CA10AB43A038969DF57&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1&add=0x1bA1d0F472f44c8f41f65CA10AB43A038969DF57&type=lplock&chain=BSC) + +🔥 40% BURN 🔥 + +[https://bscscan.com/tx/0xf0c53083e084ad6cdabe24b001981b9257a1bd49ed946bad0a42430f9352db9b](https://bscscan.com/tx/0xf0c53083e084ad6cdabe24b001981b9257a1bd49ed946bad0a42430f9352db9b) + +🛡️ AUDIT 🛡️ + +[https://github.com/TechRate/Smart-Contract-Audits/blob/main/DiamondHold.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/DiamondHold.pdf) + +🗄 Additional Info/FAQs🗄 + +[https://www.notion.so/Links-and-FAQ-0e4150dbbd574d3daa664a266d9bd00d](https://www.notion.so/Links-and-FAQ-0e4150dbbd574d3daa664a266d9bd00d) + +With over 2000 holders already, come and see why this project is growing stronger and stronger each day! + +Don't miss your chance to be one of the first Tier 4 holders to enjoy 10x the reflections! The climb to the top has just started and we want as many people as possible to be a part of it! + +Relevant links: + +[Website](https://diamondhold.net/) + +[Telegram](https://t.me/diamondhold) + +[Discord](https://discord.com/invite/YpEjjvCcVx) + +[Chart](https://charts.bogged.finance/?token=0xeE8feAeE52CE378BA356A5772BBa29d08AF25cdB) +To get my financial news, I go on the Yahoo! Finance website. There's only one thing bothering me. The Motley Fool articles. The writers are annoying. One day, they praise a stock. The next day, they bash it. It keeps going on and on with so many stocks. + +Is there a way to filter out the Motley Fool articles from the Yahoo! Finance website ? +Hello everyone. Before I start I want to preface this post and say that I'm making this as rebuttal to how most people feel about the housing market right now. + +I want to say that in no way am I all that special. I'm in my late 20's. I work in fast food after dropping out college followed by leaving the union. Recently promoted to manager. I drive my fathers old car. I was lucky to have a family member co-sign on this house with me because my credit was too low (by 4 points). + +I live rent free with one of my folks but help pay for groceries and look after thier dogs when they are quite often away. Before I moved in they paid a doggie daycare. Even trade. + +I live in eastern Florida nearish the beach (20 min drive) and an hour away from a major city. The combined population of my town and the neighboring more popping town is 200,000 people. + +Over 10 years I've saved up 20k that I solely wanted to use on a house one day. + + +Story time: +One day I was walking around the neighborhood and noticed a house getting a new paint job and moving a bunch of boxes out. I had a feeling they were moving. So I went up to the homeowners and talked to them and they confirmed my suspicion. I told them I was interested. + +The next day I went back with a pre-approval from Rocket Mortgage to show them I was serious. ( I didn't follow up with rocket because they suck (different story) and would not want to do business with me anyway because this was before my co-signer) + +The homeowners and I talked for some time and they said they'd think about. They were really looking for a hassle-free quick cash sale. + +Fuck. + +The next day my girlfriend and I wrote them a handwritten letter thanking them for their time and consideration. Saying we would do anything for this home. Two days prior to my initial conversation with the homeowners I found out we are pregnant. + +They actually called me the next day saying how thoughtful it was to write them a letter and that I should stop by to pick the their real estate agents card and that they want to give me a shot. + +The rest is history. + + +Things are looking up guys. For reference my girl made less than 17k last year and will most likely be about the same or less considering the pregnancy. While her money helps bills are mostly on me. + +Other than the co-signer I received no financial help from my family or friends for buying this home. + +We close at the end of the month! + + +Please don't get discouraged out there. + + + +EDIT: This goes out to everyone that wants to cherry pick things and dismiss others accomplishments. So I'll clarify a few points. + +"You live rent free". Yes, I do. Thanks for reminding me. I've lived rent free for two years out of my adult live. Once when I was 18 and then again this last year. I've paid my fair share of rent folks. + +"You are given a car FOR FREE". Sure, true. It's a 21 year old Subaru with no AC that I do all the repairs on myself. Yes I pay for gas and repairs. My car was crashed last year. + +"But you have a co-signer!" Look man, I had a family member help me out. I'm extremely grateful for that because without them I wouldn't be making this post + +My point is that I received HELP. I believe everyone gets help in various ways. Some more than others. I'm sensing a lot of spite in the comments for the help I got. I'm sorry this isn't the story where I grew up alone on the streets and clawed my way into this house with no assistance whatsoever. If this story doesn't belong in this sub please let me know. +I've been told its illegal to pay for sex but my BTC isnt a legal tender, so I that makes it more like bartering, right? Show me where it says in that there rule book, that trading services between two consenting adults is illegal. + +Im sure this is very embarassing for you officer, but mistakes happen to even the best of us. Just release me and dont tell my wife, and I wont report this to your superiors. + +Cant wait to see in a week/month/year, whether this was the cheapest or most expensive BJ of my life - or both. +I received 3 emails this morning stating two things: + +* A trial deposit had been made to my AMAZON CREDIT BUILDER ACCOUNT +* Action is required on my application + + +Since I had never heard of Amazon Credit Builder, I called Synchrony Bank via a phone number I found on their website and verified in an email I know was legitimate from them. (I have a retail CC they manage.) The agent who answered guessed why I was calling before I said anything. She asked if I was calling about an email or text message I received this morning. + +She stated the emails were not sent by Synchrony Bank, and they are still looking into what happened (see edit1). It is unclear if all of their customers received the email, or if my account info in specific was compromised. She stated they would send an email to affected customers when they knew more. + +~~I would encourage anyone else to also call if you're unsure~~ (edited as commenters report they continue to get disconnected), but hopefully sharing these details will help calm some panic. I'm open to advice below if there are more immediate steps I should take. + +**Edit1:** Others are reporting that some Synchrony agents are saying they sent the emails, but in error. Sounds like they haven't quite gotten their customer facing message consistent yet. In any case, do not click on any links in the emails. + +**Edit2:** Commenters are reporting various similar responses from Amazon and Synchrony. All signs currently (as of 2:30pm ET) point to this being a technical glitch on the part of Synchrony, and not a scam or phish attempt. I will update this post again if either company puts out a statement. + +**Edit3:** While we are waiting for a statement, I wanted to share the text of the tweet that [@AskSynchrony](https://twitter.com/AskSynchrony/with_replies) is using. This is the most official thing I've seen in writing so far: + +"Thank you for reaching out. We are aware of an unplanned customer notification that is affecting some consumers & are investigating the issue. We apologize for any confusion & concerns this may have caused. You do not need to take any further action at this time." + +**Edit4 - 4:35pm ET:** Synchrony added the following banner to their [website](https://www.synchrony.com/): "ALERT: We apologize for any confusion an unplanned email from Sycnhrony may have caused today. No action needs to be taken at this time." (Yes, the typo is theirs.) + +**Edit5 - 11/26:** Hopefully this is my last update here. Thank you to everyone who gave this post awards, I'm glad I could help! Synchrony finally sent an email announcement around 11:45pm ET. Contents copied below: + +*At Synchrony we take customer satisfaction very seriously. We are writing to inform you one or more emails or text messages you may have received from Synchrony regarding “a trial deposit has been successfully made” or “action required on your application” on Monday, November 25 was sent in error.* + +*This was an internal error at Synchrony and did not involve a data breach or fraudulent activity.* **We have confirmed none of your personal data was compromised.** *We apologize for the error and regret any concerns this may have caused. We are taking action to ensure this cannot happen again.* + +*Please disregard the e-mail or text message and no further action is required.* + +*We sincerely thank you for your patience and understanding.* +I will be receiving $50k+ (unsure of exact number at the moment) within the next 60-90 days. I have $27,500 in student loans at a 5.05% interest rate and haven’t been paying due to the freeze on them. I just graduated college in May of 2020 so I haven’t had to pay since I’ve graduated. + +Should I just clear my debt? I have no other debt so getting rid of this would make me debt free. I already have an emergency fund of about 4-5 months in my savings, contribute 10% to my company’s 401k (that has a 4% match), and am just about done with maxing out my Roth IRA for the year (at $4,500 contributed). + +I think my plan when receiving this money would be to max out my Roth IRA and then potentially pay off my debt? Or I could put a big chunk of it into index funds and let it sit. All advice is welcome as I am 23 years old and new to the financial planning world. + +Thanks! +I don't have anyone to be excited for me, but you folks can appreciate the struggle. + +It only took 10 years! 😂 + +Edit: Thanks for all the upvotes! You guys are awesome! + +A little more background information! + +I tried the best I could to not incur school debt, but I was a first generation high school graduate and definitely had no idea what I was doing. In the end, I borrowed ~$30,000 for school loans, which in the grand scheme of things wasn't much, but I'm glad to be out from under it. + +I took the semester off between high school and starting at community college. I worked 84 hours a week and saved up a tidy sum to help me through the first semester. I had a pretty decent scholarship/grant package that paid my tuition for my first 2 years of community college. I worked part-time in my field to gain experience. I transferred to a Big 10 School, and received a similar financial aid deal for tuition, working full time in the summer. + +I used student loans to buffer my paltry paychecks, allowing me to live in an off-campus apartment, by myself, and save my sanity. I also used some money to travel, and to attend lots of work shops related to my field. I worked an AmeriCorps stint after graduation that paid a lump sum toward my loans, but the rest has been diligently plugging away at them. +Living in an non-physically (for the most part) abusive household- not going to go into details unless its important- and my parents are constantly threatening to kick me out when its legal. I'm in an advanced program at a school that's 25 minutes from my house and i'm still a Jr. in school. I don't have my own car although i have my license. Before anyone suggests trying to work things out i've tried since i was 15, and its ended with things being thrown/broken and me staying at a friends house for a couple of nights. I lack in knowledge of personal finances and i literally have no clue what i'm going to do. Ill be in High School for another 4 months after i get kicked out and after that, i assume, ill be attending university if possible. Any ideas? + +So far (needed things): + +- Gov. programs available for students? +- Job(s) +- A place to stay (currently at a friends) +- Transportation +- Funding for college? +- Money management + + +Edit: the feedback I've received in the last hour or so has been incredible. I wish I had the time and energy to thank all of you individually. I'm working through this one way or another, coming here gave me a vague sense of direction including my options. All advice is welcome and I thank you in advance! + +Edit 2 (18 May, 2017 8:32am): I woke up and this absolutely boggled my mind to find over 600 posts along with a handful of private messages about my post. I can't express my gratitude enough but I'll go through everything and figure it all out. Thank you all so much. + +Edit 3 (18 May, 2017 22:01 PST): I'm honestly a bit overwhelmed by the mass of generosity and advice constantly flowing in every minute of the day. I don't know how to express my gratitude to you all who have offered me advice and even some help but i sincerely hope this post gets to anyone who really needs some guidance. I plan on looking more into enlisting or applying for a university with an ROTC program along with applying for Gov. aid through FAFSA. I'm doing my best to atleast read as many comments and private messages as I can. Thank you all so much. +https://ca.finance.yahoo.com/news/blackrock-says-ready-recession-unlike-141611815.html + +ARTICLE: + +> The global economy has entered a period of elevated volatility, and previous investing approaches won't work anymore, BlackRock said. + +> A recession is imminent but central banks won't be able to support markets this time by loosening policy, according to the money manager. + +> "Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," BlackRock strategists said. + +> A worldwide recession is just around the corner as central banks boost borrowing costs aggressively to tame inflation — and this time, it will ignite more market turbulence than ever before, according to BlackRock. + +> The global economy has already exited a four-decade era of stable growth and inflation to enter a period of heightened instability — and the new regime of increased unpredictability is here to stay, according to the world's biggest asset manager. + +> That means policymakers will no longer be able to support markets as much as they did during past recessions, a team of BlackRock strategists led by vice chairman Philipp Hildebrand wrote in a report titled 2023 Global Outlook. + +> "Recession is foretold as central banks race to try to tame inflation. It's the opposite of past recessions," they said. "Central bankers won't ride to the rescue when growth slows in this new regime, contrary to what investors have come to expect. Equity valuations don't yet reflect the damage ahead." + +> The prospect of limited policy support means investors need more dynamic methods — involving more frequent portfolio changes and taking a more "granular view on sectors, regions and sub-asset classes" — to navigate the volatility ahead, according to BlackRock. + +> `Regime of greater macro volatility' + +> "What worked in the past won't work now," the strategists said. "The old playbook of simply "buying the dip" doesn't apply in this regime of sharper trade-offs and greater macro volatility. We don't see a return to conditions that will sustain a joint bull market in stocks and bonds of the kind we experienced in the prior decade." + +> Wall Street banks from Morgan Stanley and Bank of America to Deutsche Bank have warned that US stocks could plunge by more than 20% in 2023 due to an economic downturn and liquidity risks fueled by the Federal Reserve's interest-rate increases. Goldman Sachs CEO David Solomon sees just a 35% chance that the US economy avoids a recession. + +> A slowdown in the housing market, delays in corporate investment plans, a decline in consumers' savings and deteriorating CEO confidence are early signs of the oncoming economic slump, according to BlackRock. + +> Still, the stock market hasn't yet factored in the potential magnitude of the impending economic downturn, the strategists said. + +> "We don't think equities are fully priced for recession," they added. "Corporate earnings expectations have yet to fully reflect even a modest recession. This keeps us tactically underweight developed market equities." + +> The S&P 500 index of large-cap US stocks is up more that 12% from a 23-month low reached in October, spurred mainly by expectations that the Federal Reserve will slow the pace of its interest-rate increases after a recent retreat in inflation." + +Edit: added quotes +Bear (heh) with me here. I was digging through some congress bills at work today when I stumbled upon something interesting - something *golden*. Enlightenment, if you will. [S.4232, 113th Congress, aka the Bank on Students Emergency Loan Refinancing Act.](https://www.congress.gov/bill/113th-congress/senate-bill/2432) + +To put it briefly, the act was calling for changes to student loans, to allow borrowers to refinance unpaid debt and thereby alleviate the growing pressure of tuition on middle- and lower-class families. + +[Here's a brief .pdf that makes arguing points in support of the bill.](https://www.warren.senate.gov/files/documents/Warren%20Refinancing%20-%20Fact%20Sheet.pdf). + +Ultimately, the bill was never passed - but the arguments for it remain. + +> Key federal economic agencies like the Federal Reserve, the Treasury Department, and the Consumer Financial Protection Bureau have weighed in on the dangers of exploding student debt. This debt is stopping a growing proportion of families from buying homes, saving for retirement, and making purchases that will keep our economy on the road to recovery + +Sound familiar? How many articles have come out asking about how and why millennials are "killing" major industries? (if you haven't kept up, [this marketwatch article makes for a nice recap](http://www.marketwatch.com/story/here-are-all-of-the-things-millennials-have-been-accused-of-killing-2017-05-22).) It's easy to see that student loans put economic pressure on millennials, and perhaps change their spending habits in interesting ways. + +But besides small spending behavior changes, student loans are killing spending altogether. + +Let's take a look at [some recent data](https://studentloanhero.com/student-loan-debt-statistics/). + +44,000,000 Americans with student loan debt. +Average loan delinquency rate of 11.2%. +$1,440,000,000,000 estimated total U.S. student loan debt. + +"In 2012, 71 percent of students graduating from four-year colleges had student loan debt: + + Represents 1.3 million students graduating with debt, increase from 1.1 million in 2008 + 66 percent of graduates from public colleges had loans (average debt of $25,550) + 75 percent of graduates from private nonprofit colleges had loans (average debt of $32,300) + 88 percent of graduates from for-profit colleges had loans (average debt of $39,950)" + +"...the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year." + +Combined with inflation and an overall lack of wage increases, the real cost of college is growing almost exponentially. + +The ultimate effect? Macroeconomic slowdown. Let's break it down: + +- Tuition is rising. +- Wages for graduates have not grown in pace with tuition / inflation. +- Graduates are left with less money in their pockets to spend. +- The businesses that serve a younger audience begin to feel pressure; their usual customers can no longer afford their products / services. +- These businesses then see declines in revenue, forcing them to slow operations and potentially lay off employees. +- The cycle spirals. + +If the market is driven by money (and it is), then it's bound to happen. Let's look back to our key players - the education industry, and student loan providers. + +Colleges and universities are in a wonderland of profitability - the public has committed itself to paying more and more every year for a service that we've decided is 'essential' to a successful life. While other industries that market towards young people are suffering, the education industry has yet to feel the pain - colleges will be the last thing that the current rising generation gives up for economic reasons (since we bombard children with the idea that they will never be successful without a college degree, and everyone wants to make at least some money). If motivated by money, colleges have no reason to lower tuition rates until a major economic failure (that disrupts loaners) forces them to do so. + +Loan providers, too, have little reason to change. In 2014, the U.S. government stood to profit over $60,000,000,000 on loans from 2007-2012 alone (https://www.warren.senate.gov/files/documents/Warren%20Refinancing%20-%20Fact%20Sheet.pdf). That type of money isn't easy to give up, even for a country like the United States - and nobody is calling for them to do the right thing here. They won't feel any reason to change until returns on defaulted loans drop to the point where no one purchases the outstanding debt. As mentioned before, college (and therefore, student debt) will be the last thing the current generation gives up for economic reasons - meaning that by the time repayment plummets, other industries will have already been affected by several quarters (or more) of revenue loss due to lower spending by millennials. + + +I started writing this hours ago, and I'm too tired to tell if it's coherent. I'm just kind of pissed off that my generation is blamed for not buying McDonalds when we clearly have other expenses to attend to. +Hey guys! I have an account with coinbase for 3 years that they locked me out with no reason. I have made tickets, attempted contact via Twitter and Facebook. But it seems they are only answering through here. However I need karma to post on their page, otherwise it just gets deleted. Can you guys help me get some karma so I can bring my concern to r/coinbase + +I have three cases open; +03049257 +03169165 +03083311 + +Please guys, I need to get access to that 600 to buy Christmas presents. Thanks!! +basically, i'm one of like 10 people in the family who was given this stock and it looks like I was given the least amount of anyone, but i'll take it. So, i'm wondering if I should keep it or just sell and dump into my VOO fund. IBM grew almost 1000% since the mid 90s, but does the stock have any room to grow? Its late to the game in cloud, but it does have a tight grip on the mainframe market because the government and many other companies will not give up their mainframes. + The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp down runaway inflation without creating a recession. + + +In taking the benchmark overnight borrowing rate up to a range of 2.25%-2.5%, the moves in June and July represent the most stringent consecutive moves since the Fed began using the overnight funds rate as the principal tool of monetary policy in the early 1990s. + + +While the fed funds rate most directly impacts what banks charge each other for short-term loans, it feeds into a multitude of consumer products such as adjustable mortgages, auto loans and credit cards. The increase takes the funds rate to its highest level since December 2018. + +&#x200B; + +[https://www.cnbc.com/2022/07/27/fed-decision-july-2022-.html](https://www.cnbc.com/2022/07/27/fed-decision-july-2022-.html) +The infamous goal is to be the strongest BSC community rest assure they have plans ahead that can almost assure us we will be headed in the right direction to achieve this. ⏳ ⏳ +The developer has previous project which all have been successful join what's to be the strongest community on BSC and telegram! ---> [https://t.me/InfamousOfficial](https://t.me/InfamousOfficial) 🚀 +please read their pinned messages and avoid purchasing any tokens not pinned in the telegram to avoid scams. 💳 +You don't want to look past this one I hear they will have partnerships with credible projects and upcoming BSC bangers! +💰 Now the Team has notified me that they will have a marketing section so you can see they are actually serious and not a pump and dump like all the coins on this thread. 💰 +If your tired of getting into projects at the tops and worrying about a dip , then this one shouldn't be a problem because even if you buy the top at least you know you have a product behind it and not just a loss of money. NFA + +🌏 Website: [https://infamousbsc.network/](https://infamousbsc.network/) + +🌌 Twitter: [https://twitter.com/INFAMOUS\_BSC](https://twitter.com/INFAMOUS_BSC) + +💰 Contract: 0x044Ac54Aa258Fcb7f0E236da1a9e4899171544cB + +📌 Buy on PancakeSwap (use V2): [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x044ac54aa258fcb7f0e236da1a9e4899171544cb](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x044ac54aa258fcb7f0e236da1a9e4899171544cb) + +🔥 LP Burned: [https://bscscan.com/tx/0xc610ac1abd587573b3ed471e95b5fe966897e09b9b128fbe993d02a64ae231f0](https://bscscan.com/tx/0xc610ac1abd587573b3ed471e95b5fe966897e09b9b128fbe993d02a64ae231f0) + +✅ Ownership Renounced: [https://bscscan.com/tx/0x0baec822196a80d2bd7d3c385586886478cfbfaaeb994af318cb768d722342b8](https://bscscan.com/tx/0x0baec822196a80d2bd7d3c385586886478cfbfaaeb994af318cb768d722342b8) + +📈 Charts: [https://poocoin.app/tokens/0x044ac54aa258fcb7f0e236da1a9e4899171544cb](https://poocoin.app/tokens/0x044ac54aa258fcb7f0e236da1a9e4899171544cb) + +🎯 Telegram: [https://t.me/InfamousOfficial](https://t.me/InfamousOfficial) + +🔥 Ownership Renounced & LP Burned. +🖖 Early, Easy Pumping & Community Launched. +🤝 Fair distribution. Active devs ready to answer any questions. +💵 LP tokens have been locked thereby shutting the initial liquidity away for safety. +🐳 Anti-Rug & Anti-Whale. 100% Safe. +Level zero means no idea about bank accounts, some idea about FD, something heard about SIP and that is it. + +Otherwise, the person is a well-earning professional, protected by parents (who are also likely to have not so great ideas about money management, otherwise they would have educated him. The ideas of ‘buy your house first’, ‘real estate is the best investment’, ‘FDs are the best, particularly when you buy them in your parents’ name because it saves tax’, ‘gold is best’, etc.). + +So, let’s start with the most basic question. Why do you earn money? Why have you studies so much (12+3+2 or 12+4+/-2, I have added MBA level to a graduate or engg graduate). In short, 17-18 years of studies. Plus add 2/3 years of working. And yet, there are not equal minutes to have real read and understand how to manage all that money that is being earned and will be earned. + +We earn money as professionals, because that is what we have been trained to do by our parents, peers, society, etc. That is what has been passively shaped by everyone around us, but not really by us internally. So, they give us ideas about how to get a good earning career, how to have a good CV to get to a good company, how to shape our personality, etc. And then how to save or invest, etc. Everything passive, bombarded by messages from all around us. The result is if someone asks us anything about it, we even feel proud that we don’t know anything about money management. <that really sucks, to be honest> + +Secondly, since we don’t know anything about it, and when we are starting to really dip our toes in this vast ocean of information about money management, it is scary. **It becomes, since I don’t know what to do, I will do nothing.** I will keep kicking the can of doing something down the road, till either someone comes and shows me carrots and gets me to put my money somewhere and be done with it or more kicking or I see one of my friends who is financially savvy to get expensive things (car, house, vacation, whatever). Till this time, the money earned remains in the salary account (personally, I have seen 6 years worth of earnings in the savings account – amount 24L). + +**“If you want to buy things you want, you have to save”.** This was my first lesson in savings and investment, after I had studied and worked for a total of 22 years! + +In this writeup, I will just be *writing about someone who has got some amount but don’t know how to start managing it.* Rather than someone who is about to start. + +**Bank Account:** The earned money is sitting in the savings account and earning a measly 3.5% (tax free up to 10-15,000 – whatever govt has limited, as such the amount is small). However, the money is relatively safe. Relatively, because in today’s world of online banking and debit cards, the risk is non-zero. + +So where to start? + +Let us first understand some basics: + +**Savings Options** are FD/RD (sorry didn't realize RD=recurring deposit), NSC (national savings certificate), PPF (public provident fund), private companies FD (like Shriram finance, and others) and mutual funds categories which deal with savings papers (also known as debt papers). + +All these are called **Debt instruments.** Basically, you give your money (called principal amount) to the other party (govt, bank, private company), and they promise to give a certain percentage of returns over and above the principal amount. So, you give them P (principal) and then give back P + I (principal and interest) after a period of time. + +An example of FD: you give the bank 10,000 today. And the bank promises to give you 10,000 and 7% (700) after 1 year. + +An example of RD: you give the bank 1,000 every month, and the bank promises to give you 12,000 (1,000 x 12 months) and around 400 additionally as interest. Only back of the envelop calculation. + +Moreover, you have to pay income tax on those 700 and 400 rs. So, just really understand how difficult it is to earn money on the savings amounts and which when subjected to tax, comes out to how little. In this case, if you are in 30% bracket, then you are getting only 490 and 280 rs finally, after you have saved that amount of money for 1 year. + +The corollary is since you have not been investing at all, you are not even getting that amount till now. Not even those measly 490 and 280 even all these years. + +I will just cut short the other options, because they are as pathetic for someone of your condition. + +**The “best” option right now to move that money out of the rut is to put majority of money into a liquid mutual fund.** + +Why that thing? Because they are: + +· Diversified – basically, they keep money into a large number of different areas, so that if one area goes bad (recent news IL&FS), then all your money is not in jeopardy. The more diversified the money is kept, better is the protection (a general rule). + +· In general, you earn more than FD, both in terms of interest as well as with less tax, if you keep the money in there for >3 years. + +· Third and most important, the money withdrawal is flexible. You want to remove 5,000 you can. You want to remove 1 lakh, you can (of course, you should have more than 1 lakh invested). You want to remove everything, you can. + +· Negative thing: you will receive money only the next day if the amount of big. For smaller amounts (<50,000 rs), they have facility of instant redemption, which is a good thing). + +**Solution:** so, for that 24L person, I advised him to keep 3 L in savings account (he had been seeing that huge amount in his account statement, so just could not ask him to remove everything. It would have been a shock to him), keep three 1L FDs of similar maturity and rest 18L in *Franklin Templeton’s liquid fund*. (I am giving the name here, because there are so many options in that category, that it again causes action paralysis of which one to choose). Other one which I can recommend is Parag Parikh liquid fund (because I like their other offering of equity fund and because they have put their money mostly in the RBI papers). + +From freefincal’s Plumbline (I trust his analyses), Quantum’s liquid fund is a good idea. + +&#x200B; + +This was Step 1. Depending upon the interest, I would add Steps 2 and 3. Feedback please. And thanks for reading. + +[Step 2 is here](https://www.reddit.com/r/IndiaInvestments/comments/9lusap/for_someone_who_is_absolutely_at_level_zero_in/). + +[Step 3 is here](https://www.reddit.com/r/IndiaInvestments/comments/9lyeye/for_someone_who_is_absolutely_at_level_zero_in/). + +[Step 4 is here](https://www.reddit.com/r/IndiaInvestments/comments/9lzdcb/for_someone_who_is_absolutely_at_level_zero_in/) +https://www.cnbc.com/2019/02/27/amazon-backs-out-of-rainier-square-tower-in-seattle-geekwire.html + +Amazon is scaling back its expansion in Seattle by seeking tenants for the 30 floors of office space it leased there, GeekWire reports. + +The news comes just weeks after Amazon dropped expansion plans to New York's Long Island City for part of its "HQ2." + +Amazon's future in Seattle has been uncertain. The company has reportedly been laying off employees there and has fought city officials on corporate taxes. +Throwaway for obvious reasons + +I don't know where else on Reddit to ask this but I feel this is as appropriate as it gets. I know this question is unorthodox but I have a lot of trust in this community to engage with my question in good faith. + +I live in a moderately influential western country (not the US) with a general election due in the next few years. I'm considering embarking on a political career and seeking a nomination from my preferred party to stand for election to our equivalent of the house of representatives. I have already started planting the seeds of this within my personal network. + +I have had a successful, but otherwise low-profile, white collar career and have grown my personal wealth to the point that money is no longer my primary motivator. I now wish to move into politics as I believe this would be more personally fulfilling than either my current career or (very) early retirement. I want to make it clear am not an idealist who wishes to rock the boat but rather a pragmatist who understands the complex reality of any political position. My long term goal, if successful would be to work my way up to one of the senior public offices of the country. + +While this an ambitious goal, I am an ambitious person. That being said I am still weighing the pros and cons of fully committing myself to what will be a very long and difficult undertaking that will most likely invade every aspect of my life both public and private. While I am aware on a conscious level that if successful many doors will close to me and parts of my life will change forever, I'm not sure if the real weight of that has actually hit me yet. + +I was wondering if anyone has any insight into a career like this that an outsider might have overlooked, drawing from their experience either from US politics or abroad. Are there any pros and cons most people don't consider, anything I might not taking into account, or any general advice? + +Thank you +I looked at ~~10~~ ~~numerous~~ all filings on SEC's EDGAR database to see if any other company mentioned the number of directly registered shares. GameStop is ~~the only one~~ one of three companies who have opted to do this in the entire history of EDGAR database. This is the first time GameStop mentioned the number of DRSed shares. + +**New exciting stuff that I just found** + +*There is a company named HEARTLAND FINANCIAL USA INC (HTLF, HTLFP) that mentioned the portion of its total outstanding shares that was direct registered. As of December 31, 2011, approximately 21% of Heartland’s outstanding common stock was directly registered in the name of our employees, officers, and directors. This percentage decreased to 20% as of December 31, 2012. This information can be found in their 10-K forms from the relevant years.* + +*There is another company named APPLIED MATERIALS INC /DE (AMAT) that mentioned the number of accounts in the DRS system. This is not as informative, but nevertheless a useful datapoint. Below are the number of direct registered accounts as of a particular end date.* + +End Dates | Approximate number of accounts +---------|--------- +December 23, 2001 | 6,671 +December 20, 2002 | 6,977 +December 26, 2003 | 6,995 +November 28, 2004 | 6,719 +November 27, 2005 | 6,254 +November 26, 2006 | 5,786 +November 27, 2007 | 5,369 +November 21, 2008 | 5,031 +November 20, 2009 | 4,641 + +**How to perform the search?** +My search parameters are mentioned below. ~~It would be nice if other apes can broaden the search space.~~ I scanned through the entire database so this task has been fully taken care of. + +Document word or phrase: "directly registered" + +Company name, ticker, CIK number or individual's name: *leave this blank* + +Filing types: select 10-K (yearly filings) and 10-Q (quarterly filings) + +Filed date range: last year + +Remaining fields: DEFAULT + +Link to repeat the search: +https://www.sec.gov/edgar/search/?r=el#/q=%2522directly%2520registered%2522&dateRange=1y&category=custom&forms=10-K%252C10-Q + +Running this search gives you a list of all relevant filings. Clicking on any filing will open a pop-up window and the webpage will automatically take you to the relevant keyword. Then it's just a matter of scanning the surrounding sentences. + +Edit: For some reason reddit just trimmed half of my post. I had to retype all this again. Inserting 741 (=19x3x17) rocket emojis because why not? + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀��🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Lately we have been in a bubble. Not the entire crypto scene, just well... The majority of it. +For example i'll use Ripple, Stellar Lumens, and NEM. +Recently: +XRP/BTC was the only pair holding ripple up. +XLM/BTC was the only pair holding Stellar Lumens up. +NEM/BTC was the only pair holding NEM up. +They were all on Poloniex. +This is why when Polo crashes, so do these other alts, because they are all directly tied to BTC. +But does BTC ever crash? No. Because BTC is what people sell their alts FOR. +It's the network effect of being the first cryptocurrency and being paired with everything else. +What we've been witnessing lately is an artificial inflation of the Market cap of the entire crypto scene due to Bitcoin. +People buy XRP with bitcoin, it gains a massive volume and pumps by 4 billion dollars. Is this actually a 4 billion dollar investment in crypto? Of course not. BARELY ANY of that was actual fiat money. It was all bitcoin influx. Market cap is only valued upon what the going price for a coin is, which is what someone is willing to pay for it. +When these altcoins dump 50%, all that money flows back into bitcoin because people sell their alts for bitcoin, thus pumping bitcoins price even higher than before the ripple pump because the buy pressure of bitcoin gets even higher. + +You can tell me bitcoin will stay number 1, you can tell me bitcoin will be the biggest crypto forever. You can tell me bitcoin will be the only crypto to succeed. You can spout whatever you'd like. +But one thing you cannot tell me, is that bitcoin is superior technology to ethereum. +You cannot tell me that bitcoin has more development, more inside and outside technological growth, and more potential than ethereum does. + +Am I an ethereum maximalist? No not necessarily. But it's what I personally believe in more than any other blockchain protocol. +The only thing keeping bitcoin alive, is the network effect of being number 1. It essentially has a monopoly on altcoins, but that is changing. Ethereum is producing crowdsales in record numbers, only accepting ethereum tokens. +Ethereum is creating it's very own ecosystem, and ETH pairs are now being listed. +Such as ETH/RLC, ETH/GNT, ETH/TKN, and much more to come. +Ethereum is able to have hard forks and soft forks and have updates on a protocol layer and outside of it as well. +Ethereum is the choice for businesses because ethereum is able to adapt. + +Unless bitcoin is able to have a major overhaul of it's protocol and somehow update itself on a protocol layer and have a hard fork or soft fork i'm afraid that Bitcoin is going to end up the exact same fate as the housing market collapse. +Technology may be an intelligent being, but like with anything else that is autonomous and able to survive in this world, if you can not adapt, you will die. I don't care if it's crypto, your workplace environment to secure a job, or living in the sahara desert. +If you can not evolve, you will never progress. + +This year, we are going to see Ethereum valued at an over 25 billion market cap. It very well may go to a 50 billion market cap or more, that is not ballparking it either. a 50 Billion market cap is a very reasonable evaluation for 7 months time. We will see an increase of ETH pairs to various ethereum coins. We are going to see some of the very first decentralized applications running on ethereum. We are going to see new crowdsales every month, we are going to see new members announced in the EEA every two months. We are going to see raiden and it's evolution. We are going to see financial institutions and multi billion dollar fortune 500 companies starting to run Ethereum protocol applications in real-time. We are gong to see increasing adoption worldwide including places that do not have ethereum, like China for instance. + +What we are going to witness with Ethereum, is the disruption of the entire world economy and how it is able to accomplish things. Ethereum will make the world a more autonomous, trustless, better world. + +What we are essentially witnessing in regards to bitcoin, is the beginning of the end. Bitcoin may be higher than it ever has been, bitcoin may have a bigger market cap than it ever has. But here is the thing you have to ask yourself, did bitcoin go up in price? Or did it go up in value? Or did it go up in both? +If it goes up in value, the price will soon follow. +If it goes up in price and not value, then the price will soon drop. +If it goes up in both, then that is healthy gains. + +This is just my own opinion though, and you are free to think whatever the fuck you'd like. +Over the past eight years, both my wife and I have raised our household income substantially. We are in a relatively L-COL (less so over the past few years, but we had already bought our home when prices significantly went up). Together we earn $250k salary, with about a 50% bonus potential. + +&#x200B; + +We will be trying to have (or adopt) a child in the next two years, and we want to start making new friends. Neither one of us are close to our extended families. We want to do things like go on vacations with friends. The main challenge is that our friends cannot afford these vacations. + +&#x200B; + +From the outside we look like a normal middle class family - we save about 70% of our income (minus our job titles of course). But, we do like to spend real money on travel twice a year. Money that our friends cannot afford. I have talked with my wife about paying our friends' way (minus food), but I haven't done anything like this before. Has anyone here done anything like that? If so, do you have any recommendations with how to handle it, or things to avoid? These are people we do want in our family circle, and we want to form meaningful, and lasting relationships with them. + I've been following this coin since it was listed a few days ago and the hype has been huge. Over 5K holders and the community is super active in Telegram with over 3K members with active mods and the developer regularly engaging with updates and marketing plans. + +**Its now trending on Coinmarketcap and also and most gainers!** + +CoinGecko application has been submitted and is coming next, as well as exchange listings and more influencer videos dropping this weekend! + +Exchange listings have been applied for and are close to being announced, and soon it will be on **Whitebit Exchange** don't miss out on $SHIBACASH + +**Roadmap** + +May 09 - Fair launch with 65% of tokens burnt + +May 10 - Marketing and influencer partnerships started + +May 13 - CoinMarketCap listing approved + +May 14 - New website going live 🌐 + +May 20- Live on Coinmarketcap + +Late May - Website 3rd update + +More Twitter promotions and community challenges and marketing + +June - New exchange listings and partnerships + +July - NFT Marketplace Buy, Sell, Mint NFTs with $ShibaCash + +Next - LeashCash air drop for all holders! + +**How does it work?** + +* 7% tax on transactions (5% to holders / 2% to LP) +* 65% initial tokens burnt +* Liquidity pool burnt + +**How to buy?** + +Ticker: $SHIBACASH + +Buy on PancakeSwap (v2) + +📜 Contract: 0x7e4e3ba4675c39ff2863073e171b0a2e93a592e0 + + Site: [https://www.shibacashtoken.com](https://www.shibacashtoken.com/) + +Twitter: Shiba\_Cash + +TG: [https://t.me/ShibaCash](https://t.me/ShibaCash) +"This is like the dark version of Doge. The opposite of Elon pumping. Every time he manipulates markets for his amusement, this is the token to express your dissent." + +\- It's a dark day for crypto, but not for us, $StopElon is growing fast! we just hit 10k holders and are growing fast. with an ATH at more than $40M MC and just passed the 30 again and going up up up! + +\- AMA with crypto talkz on telegram ([https://t.me/CryptoTalkzNews](https://t.me/CryptoTalkzNews)) tomorrow at 4 pm UTC + +\- $StopElon is now covered everywhere by non-crypto social media and international news and articles. Just google STOPELON + +\- Revamp website in progress with updated roadmap coming monday on how we plan to take over Tesla, allot of updates and getting our first tesla share! + +\- we got an awesome marketing team on our back that worked with a top 10 coin! this is just the start! + +&#x200B; + +&#x200B; + +Tokenomics : + +0.1% max buy/sell + +10% tax total (to holders and LP) + +40% initial burn (almost 50% burn as of now!) + +5% dev wallet + +5% marketing wallet + +$20M+ Marketcap + +8,000+ Holders + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +📲 Telegram: [https://t.me/StopElon\_BSC](https://t.me/StopElon_BSC) + +📲 Telegram: [https://t.me/StopElon\_BSC\_Russia](https://t.me/StopElon_BSC_Russia) + +📲 Telegram: [https://t.me/STOPELON\_BSC\_TURKISH](https://t.me/STOPELON_BSC_TURKISH) + +📲 Telegram: [https://t.me/STOPELON\_BSC\_INDIA](https://t.me/STOPELON_BSC_INDIA) + +🌐 Website: [https://www.stopelon.space](https://www.stopelon.space) + +📈 Chart: [https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +🥞 Buy (v2, slippage 12%, 0,1% max) : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +&#x200B; + +We will rise and show him that his manipulation needs to be STOPELON +> The UK’s advertising watchdog has banned an Instagram influencer campaign by Klarna for “irresponsibly” encouraging customers to use the “buy now, pay later” service to cheer themselves up during the pandemic. + +More: https://www.theguardian.com/money/2020/dec/23/uk-watchdog-bans-klarna-covid-shopping-advert +I've had credit card debt for way too long. Two cards, one at about $3,300 and another around $4,600. And I took out a $10K loan for a 4Runner a few years back that I probably shouldn't have. Long story short, the car was pummled by hail in the spring, and totaled out. The insurance company called it a complete loss and cut me a check for $13,500 (which I thought was overvalued, but aparently they're worth way more in Colorado than in Illinois). + +I used the money to pay off the rest that I owed on the car ($5,600), and my two credit cards. I've been riding my bicycle since they took the car away, and am feeling physically and mentally great. The check just cleared and I wiped out all three debts within five minutes. I feel so liberated. Now I just have to put all that money towards my student loans, and anticipate being debt free within three years. + +I do want to say that subscribing to this forum kept my mind in the game regarding a debt free life. I've been chipping away at these debts, but this windfall was amazing and I feel like I just took the cheat tunnel in Mario to skip a few levels. Not having a car will be tough for a while, but luckily I can share with my wife when I need it, and ride my bike the rest of the time (13 miles round trip to/from work). + +Thanks PF! + +Edit: lots of good points. One of the best was that I could have sold the car before the hail damage and walked away with the same deal. That’s true, and I think the real lesson here is that paying off old debts is more important than owning a nice car *if you don’t need said car.* +&#x200B; + +https://preview.redd.it/xa8bawctbd871.png?width=1600&format=png&auto=webp&s=999a1e1d9d9ffb20879525bb43b43996853f2231 + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/4gz98z8vbd871.png?width=680&format=png&auto=webp&s=ad64a996da02f731719d4a933dbfd96bce9e87da + +# Reverse Repo's + +&#x200B; + +https://preview.redd.it/k7ad3ymxbd871.png?width=718&format=png&auto=webp&s=94f436a280c9edc64fb1be34a67f5c7e9c6d2088 + +And it's back to 841 billion + +&#x200B; + +https://preview.redd.it/3475y9c3cd871.png?width=960&format=png&auto=webp&s=03699984c2e9f4c9f741ec89aebf15957fba776d + +Logarithmic floor guy u/JTH1 + +He is switching to weekly until something happens, so that could be today tomorrow or next week, who knows. + +What I do like however is that u/ajquick also has adapted the model to fit the current flow, as you can see the exponential floor how it would go without the first share offering, with the offering and how it may be going now. Remember that there isn't a lot of data to calculate the current situation so it may be a little off or need to adjust the calculation, but I like how the previous two do line up and lets hope this means the current one will line up. + +You can check his thread [here](https://www.reddit.com/r/Superstonk/comments/o7eekh/recalculating_the_exponential_floor_equation_part/) + +&#x200B; + +https://preview.redd.it/74mihacxcd871.png?width=1068&format=png&auto=webp&s=ada259b2e21f024795583d77f78a950d8356c439 + +or better yet perhaps the two of them can work together on this. + +&#x200B; + +[thanks to u\/hummus\_is\_yummus1 ](https://preview.redd.it/mziyiw26dd871.png?width=960&format=png&auto=webp&s=55c716b0339a8cf143dba1b3bc15f3e84d58ed03) + +Fidelity lists GME at a "value stock" right now, and see it as a discount. +spicy. + +&#x200B; + + + +# Gurbir Grewal, Attonery General (N.J) as the new Enforcement Director for the SEC + +&#x200B; + +https://preview.redd.it/do4y1t8ted871.png?width=519&format=png&auto=webp&s=7b085a80f91a4857fc278e9a36f8257774c74c30 + +Gurbir Grewal is the new enforcement director for the SEC. + +If you would like to know about the person u/love_butter69 was kind enough to make an entire thread on him [here](https://www.reddit.com/r/Superstonk/comments/oaip1a/gurbir_grewal_attonery_general_nj_as_the_new/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +TBH this dude has a decent past as an enforcer, lets hope he keeps going. + +&#x200B; + +[ $GME Lowest Volume Since AUGUST 2020 | Volume today = 2,436,647 million | June 29, 2021 thanks to u\/ajquick ](https://preview.redd.it/gfeeq4rydd871.png?width=960&format=png&auto=webp&s=6f3ef16ef10e27b96d7d67b280817fed0e71f19c) + +&#x200B; + +[thanks to u\/NHNE ](https://preview.redd.it/qypgacreed871.png?width=495&format=png&auto=webp&s=caa1bc008b66993f50153a8e105f51c5715fd455) + +# And let's not forget, today is also an anniversary + + + +https://preview.redd.it/2jq9fio5ed871.png?width=960&format=png&auto=webp&s=c318f89e194dafa13f9fe4ee0b7e1895479704d5 + +# Also the 005 seems to be filed/implemented today + +https://preview.redd.it/fsvwymt8ed871.png?width=909&format=png&auto=webp&s=bc7a7f343cef3ab027267ce80b17d02f6a2ebf6e + +A full thread on it [Here](https://www.reddit.com/r/Superstonk/comments/oa8gs9/nscc_005_dtc_005_will_be_published_on_the_federal/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +if you want to know more about the nscc or dtcc 005, please check the thread, it also links to the pdf's of them and you can check the comments for feedback. + +&#x200B; + +Also an interesting one was Hanks FTD cycle on what is happening, and why it may have not been happening in the past week, it's interesting to read regardless +[https://www.reddit.com/r/Superstonk/comments/oailkx/why\_the\_ftd\_cycle\_didnt\_happen\_hankys\_take/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/oailkx/why_the_ftd_cycle_didnt_happen_hankys_take/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +And as always the awesome work of our native "data Seal" Annihil4tionGod + +&#x200B; + +https://preview.redd.it/b3cxb8svfd871.png?width=4096&format=png&auto=webp&s=c237144dd9eea579d5afdacf71069c50ad4b6d5e + +&#x200B; + +But as to wrap up I'd want to go over two last things + +&#x200B; + +https://preview.redd.it/g7ddfnk6fd871.png?width=1080&format=png&auto=webp&s=7a1b02d710a2a10f7afbcffe49f5308a13ada56e + +Imagine being the magician, and you have 500K apes screaming out your tricks, that's whatsup. + +&#x200B; + +Also I've seen people talk about Trading212. + +&#x200B; + +https://preview.redd.it/sk25rg7hfd871.png?width=456&format=png&auto=webp&s=920361edc31c3e857f73364018801b67e70216a7 + +Again this was a showerthought of mine, but instead of fudding around, just opt out of the share lending part if you don't want to be a part of that, and keep your shares in there? +if you are going to hold anyway it doesn't matter if it's close only right? + +I may not have a big wrinklebrain on this but perhaps this could help + +&#x200B; + +https://preview.redd.it/3smqqge1gd871.png?width=554&format=png&auto=webp&s=518dd3b0a8469af32d62cf3784342b9e1dc099a3 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/l2e331q3gd871.png?width=400&format=png&auto=webp&s=35dc6753e9a52ab3152342769d88f828d65940bc + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) +**Eastern Iron** is in the iron ore exploration business. The company focus is developing resources at its flagship project, the Nowa Nowa Iron project in Victoria. Even though it is an iron ore specialist, the company Directed by Eddie King, has taken a punt and are diversifying from the current-struggling commodity. + +Eastern Iron announced on the 6th of September that Eastern Iron and Ya Hua International Investment and Development, a subsidiary of Sichuan Yahua Industrial Group, have agreed to form a strategic partnership to acquire and develop lithium projects. + +A non-binding memorandum of understanding (MOU) has been signed between the firms in this regard. Within three months, the parties will work on signing a strategic partnership agreement for the supply of spodumene concentrates. + +The partnership will also focus on the potential acquisition and development of lithium projects, including the Trigg Hill Lithium Tantalum Project in Australia. + +**Who is Ya Hua?** + +* Yahua Group is a China-based producer of lithium hydroxide and lithium carbonate. Its customer base includes **Tesla**, BYD Auto, Zhenhua E-Chem and Sinopec. Ya Hua recently signed a deal to supply battery-grade lithium hydroxide to U.S. electric vehicle (EV) manufacturer Tesla Inc for the next five years. A $7.7AUD Billion dollar Chinese company and one of the largest producers / suppliers of lithium in China! + +Subject to Eastern Iron’s acquisition of the Trigg Hill Lithium Tantalum Project and defining an initial exploration target, Eastern Iron and Ya Hua will establish a JV. This JV will be responsible for the exploration and development of the Trigg Hill project, which is located in the Shaw River district, Pilbara. + +On the 17th of September Eastern Iron and Ya Hua executed a **Subscription agreement** for a strategic placement of $1.05 Million to Ya Hua, which will result in Ya Hua becoming a substantial shareholder of Eastern Iron. A placement of 45,500,00 fully ordinary paid shares at a price of $0.023 a share. 9,100,000 options exercisable at $0.012 each expiring on the 31st of January 2023 would be issued to Ya Hua, on the basis that conditions were met which included all necessary government regulatory and shareholder approvals. These conditions had to be satisfied or waived by the 31st of December 2021. + +On the 21st of October Ya Hua were issued the fully paid ordinary shares which made them become a substantial shareholder in the company, whilst this is not the proof in the pudding that Trigg Hill is being acquired, it certainly solidifies it a lot more now Ya Hua is a cornerstone investor. + +**Basic Information** + +**Market Cap:** $46,870,000 + +**Performance** + +* 1 Week+40.54% +* 1 Month+26.83% +* YTD+457.16% +* 1 Year+364.30% + +**Financial Position** (Quarterly expected next week so only have old information) + +Cash balance: $1,496,000 (June 2021) + +**Estimated quarters of funding available:** 3.89 (At the time of June 2021) + +**Projects** + +**Option to acquire 100% interest in the Trigg Hill Project with Ya Hua** + +&#x200B; + +[Thanks U\/technical\_shower157 for some research used in this DD.](https://preview.redd.it/ub7j7lv3kav71.png?width=596&format=png&auto=webp&s=c8cc6bf4526a82c445a9d228deef0e610968a75a) + + + +* 75km SE from Pilbara Minerals Lithium-Tantalum mine. +* Approx. 5 Km\^2 of curlew pegmatite swarms, former mine surface reported with lepidolite and spodumene +* Welcomed onboard Mr. Mark Calderwood +* Exploration license expected to be granted in December Quarter 2021 +* Potential for lithium, tin, REO and tantalum +* Pay Amery (Company that currently owns Trigg Hill) cash option fee of $10,000 and issue $20,000 fully paid ordinary shares, within 7 days of the Grant date +* Acquire 100% interest in the project by paying $250,000 in cash, and either $500,000 in cash or shares. +* Royalty payment to Amery 1.5% of net smelter return + + + +https://preview.redd.it/zgyj8vj2oav71.png?width=607&format=png&auto=webp&s=2019b9bb499b6957cbe1c6fdd10d0c47e0bf4a32 + +* **100% Nowa Nowa iron project**. ( production of Direct Shipping Ore with 50% fe magnetite content) +* DSO sold to plants in Asia +* Only mine high-grade ore, to reduce capital expenditure for road construction +* Ores processed on site, via crushing and screening. (Reduce expenses) +* 100% Tara exploration +* Feasibility Study results were expected to be completed in the September quarter but had been delayed due to COVID 19 lock down in Victoria, Scheduled to be completed **early November 2021**. + +&#x200B; + +The partnership is incredible for a micro cap company like EFE, Ya hua are very strategic with who they invest / partner with and don't just put their name into any company / project. When CXO partnered up with Ya Hua their SP went from 0.04c to 0.3c within a few months! This is still a high risk high reward play but now Ya Hua is a cornerstone investor in EFE it solidifies the project and shows light at the end of the tunnel. + +I am not trying to say that EFE is going to be the next CXO but in my opinion I would suggest taking some time out of your day and doing a bit of research on this company, it has been lifechanging for many already and can be life changing for many more. + +&#x200B; + +Yes I do hold a position in EFE and also hold options. - Been in the game since $0.012 and will be holding this gem for a long time to come. This is my first ever attempt at sharing DD so please be considerate, if you have read this far thank you kindly for your time and best of luck. + +This is not financial advise and please DYOR! +Hi everyone, thank you for all of the questions. Our AMA guest /u/2021Demosthenes is a senior exchange executive, and has gone through them and answered to the best of their ability. Below are the questions and answers. Please feel free to post any follow-up questions or additional questions, and they will do their best to respond starting at around 4pm ET. + +Q: What happens when the entire float of a company is direct registered if there are still mysteriously outstanding shares? [Putrid-Initial-3864](https://www.reddit.com/user/Putrid-Initial-3864/) + +A: If i was an investor - i would send a letter of inquiry to the issuers’ corporate counsel office and/or investor relation team. + +Q: Does DRS reduce liquidity, and if so is there any danger that stocks without enough liquidity would get delisted? [Taratds](https://www.reddit.com/user/taratds/) + +A: It is possible that DRS can reduce liquidity or what is called “free-float”. This is not legal advice, but i don’t believe it is possible to be delisted on the basis of liquidity. Any such de-listing rule would have to be defined within the respective Exchange’s rulebook. + +Q: Do institutions DRS their shares? I ask this because I've found a couple of tickers that have institutional ownership alone above 100%. How is that possible? (u/[stickninjas](https://www.reddit.com/user/stickninjas/)) + +A: I would suspect so, but i do not know.  Only the issuer and investor would know if they are in DRS. + +Q: If a platform (eToro in this case) is able to purchase directly from a liquidity provider, can they say that they are not able to transfer shares because they are not an exchange or a market? (u/[micascoxo](https://www.reddit.com/user/micascoxo/)) + +A: It’s unclear to me why eToro would source shares from a liquidity provide? I am unfamiliar with their business model. Not legal advice,  I am not familiar with eToro’s customer relationship agreements but generally - no - there is no reason why a broker could not transfer shares, they are your shares and you should be able to manage them how ever you feel necessary within the existing rules.  Exchanges have nothing to do with “transfers” of ownership unless there is a transaction at which time they send records to DTCC to say x bought/sold to y. + +Q: What rules or regulations prevent a company from announcing publicly how many shares of their stock are Directly Registered Shares? What is the "official" reasoning for these rules/regulations from the SEC and the Self-Regulating Financial organizations? What would be the consequences for a company that released these numbers for public consumption? ([ancapdrugdealer](https://www.reddit.com/user/ancapdrugdealer/)) + +A: I am not familiar with any such rules.  The company/board could determine that they want to share that info. DRS is not generally not a common part of a daily back office function of brokers and issuers. I would not be surprised if most of them were completely unaware of its existence. + +Q: What is the best way retail can find out the total number of shares directly registered? And the total number of votes that were actually cast, without any sort of normalization or truncation to match the float? This seems to be very basic information that should be available to the public, unless their (those making up all the rules) excuse is crime. ([mailkrishna12](https://www.reddit.com/user/mailkrishna12/)) + +A: Most issuers only require a quorum of voters to be recorded so you don’t get a full count at every vote.  The dominant thought is that ownership of shares is best kept private.  As i stated in an early question - most issuers/brokers are likely unaware of DRS. + +Q: If there is only a digital register of shareholders, how does a shareholder provide proof of ownership themselves? [CheetoBandito11](https://www.reddit.com/user/CheetoBandito11/) + +A: In the context of DRS, the shareholder details are recorded when it’s transferred to their name as beneficial owner.  When there is a vote/dividend - that information is used for distribution of voting cards/funds.   + +Q: As the system stands now, who is in the position to confirm when all shares have been accounted for at the transfer agent? [Good\_looking\_corpse](https://www.reddit.com/user/good_looking_corpse/) + +A: There are no shares at the transfer agent -  a transfer agent has a responsibility on behalf of the issuer to maintain the records of stock certificates and their shareholders.  All records of shareholders are stored at the DTCC  (DRS or non-DRS) and it’s the transfer agent that has access to all those records. More info  on the role of transfer agents can be found here -> [https://www.sec.gov/divisions/marketreg/mrtransfer.shtml](https://www.sec.gov/divisions/marketreg/mrtransfer.shtml) + +Q: If all shares of a security were to be accounted for at the transfer agent, do market maker exceptions to promote liquidity supersede the rights of shareholders? [Good\_looking\_corpse](https://www.reddit.com/user/good_looking_corpse/) + +A: Regulation SHO contains an exception that allow market makers, and brokers to sell regardless of the number of accounted shares.  + +Q: If you have opted for dividend reinvestment and then the company offer a special NFT dividend, what happens? Does computershare try to reinvest it some how or does it stay on the books waiting to be claimed [CheetoBandito11](https://www.reddit.com/user/CheetoBandito11/) + +A: I don’t know the specific answer here nor am i familiar with a “NFT dividend” but computershare shouldn’t be reinvesting anything in their function as a transfer agent. It could be they have an affiliated broker dealer that may offer the service you described. Investing is done with a broker - it may be possible that computershare works with affiliated brokers to provide such a function. + +Q: Yes/No - Removing shares from DTC circulation will result in increased demand for the security on DTC run markets [Good\_looking\_corpse](https://www.reddit.com/user/good_looking_corpse/) + +A: It depends. when the amount of free-float is low- data suggests that prices are more volatile, bid-ask spreads widen if there is increased demand. + +Q: Can a security issuer trade completely off the trading exchanges regulated by SEC? If Gamestop were to account for its own shares and issue a dividend confirming the \~61.5 MM shares, is it legal for a company to sell private shares on a private network outside SEC purview? Would they be de-listed? [Good\_looking\_corpse](https://www.reddit.com/user/good_looking_corpse/) + +A: Hypothetically, a company does not need to be “listed” on an exchange to sell shares to the public.  Being listed on a national securities exchange requires that they must follow the Exchange’s rules.  A company can sell public shares in more ways then an exchange. An Exchange “listing” is the popular path as it provides a system of support that investors are familiar with. IRC, there were companies that went “public” on their own website in the early 90s which triggered a lot of legal discussions as to whether the “internet” was public enough. + +Q: If someone were to transfer their shares into CS to DRS them, and the broker would not be able to locate these shares, **is it possible that the broker in this scenario would simply send over money roughly equal to the value of the shares being "transferred," and that CS would then use this money to buy shares directly from GME's personal supply of shares,** separate from those counted in the float, but not owned by anyone but GME itself. [Made\_thisforhelp](https://www.reddit.com/user/made_thisforhelp/) + +A: You don’t transfer shares to CS using DRS,  your transferring the shares to yourself and the DRS system is keeping track of it.  CS, on behalf of the issuer as it’s transfer agent, has access to these records when they register as a DRS participant.  In the normal course, no entity can transfer those shares once under your name.  CS is just one of a number of transfer agents that exist but every company has only one and they all help issuers manage the relationship with their shareholders. It is possible that computershare works with affiliated brokers who provide such a function. + +Q: How are we sure that DTCC really does remove the shares from being available for shorting etc. after DRS? Is there any supervision over the overall amount of shares (DRS + DTCC/CEDE&Co. = Outstanding Shares)? What systems are used for this share tracking? [Neoquant](https://www.reddit.com/user/neoquant/) + +A: Once the shares are in DRS registered in the shareholder’s name  - they cannot be used for loans.  I am not aware of any specific supervision but if the DTCC rulebook has a rule around it - then the SEC would be their regulating body. + +Q: Can I remain the direct registered owner of my shares with the transfer agent, but release custody to a broker of my choice to allow easier selling? [Michaellargent](https://www.reddit.com/user/michaellargent/) + +A: When you register shares in DRS - they are in your name. The transfer agent has access to that information within their responsibility to the issuer as its transfer agent. Only the beneficial owner can permission the transfer of shares to a broker. + +Q: Is it possible to explain what a hypothetical event timeline would look like as a stock approaches critical percentages of DRS’d shares. Are we going to see notices by the NYSE, or the clearing houses, or is a certain percentage qualify as a material event that the company has to report ? Possible ETF de-listing due to lack of liquidity? Are we going to see any differences in certain stock-metrics ? Are there any internal communications that are likely happening within gov bodies and that we could make FOIA requests for ? Generally I’m looking for a model of how this could play out so we can recognize the signs and act accordingly. Cheers [wellmanneredsquirrel](https://www.reddit.com/user/wellmanneredsquirrel/) + +A: There have been occurrences going back to the early 1900s where an individual investor has attempted, and in some cases succeeded, to own all the public float. In a modern sense - we can look at the characteristics of a  private company to help imagine what that that could look like today. Private companies have low shareholder turnover, are significantly less liquid and less transparent . Not advocating for one or the other - but the tradeoffs certainly differ.  Hypothetically, we may have a highly transparent public company where it is difficult to find buyers/sellers - this is how we arrived to our current system of “brokers” and “dealers”. + +Q: I would be interested in knowing how the short interest open positions - be it hiding in equity total return swaps, options derivatives, etc - are affected when DRSing stocks. Does removing shares from DTC via DRS have any loopholes that allows short institutions a way to wiggle free of responsibility for and ownership of delivering synthetic shares? [TangoWithTheRango](https://www.reddit.com/user/TangoWithTheRango_/) + +A: This is a great question. Regulation SHO has allowed “wiggle” room as exceptions. I am unaware of  whether these exceptions are exploited for benefits beyond the scope of the rules as is i have not see any studies or reviews of the effectiveness of the rule. A recent example that highlights some of the issues is Dole Foods, where they found out they had more votes then shares when the company was seeking to go private.  + +Q: Also, what are actions that will be taken by all players involved when/if all outstanding shares are DRS? Dr Trimbath mentions CMKM and how brokers simply deleted long positions they held on the books once all shares were pulled from DTC.. is this likely to happen here? [TangoWithTheRango\_](https://www.reddit.com/user/TangoWithTheRango_/) + +A: I am not familiar with CMKM.  FINRA would likely have something to say to brokers who “simply delete long positions”. + +Q: Let's say a company subject to naked shorting were to take legal action to prove the existence of those shorts, after being notified that their entire float is directly registered. Other investors can, presumably, no longer DRS at that point. But if any investors possessing directly registered shares were to sell them afterward, could investors *without* directly registered shares at that time have DRS requests granted? [Wolfguarde\_](https://www.reddit.com/user/Wolfguarde_/) + +A: Naked shorting is illegal and is the reason why we have Regulation SHO. Hypothetically no. If the total distributed shares = the number of shares in DRS - then you there should not be any more shares to register. A company could reach out all brokers and ask for a shareholder list to check. There is a specific process/form for this that i can’t recall at this moment. + +Q: On a scale of 1 to 69, how excited is your friend about GME’s future and its impact on the broader investment landscape. [wellmanneredsquirrel](https://www.reddit.com/user/wellmanneredsquirrel/) + +A: GME is one of many similar events that have occurred in the past.  My reasons for answering questions here is because of the impact you already have had on the broader investment landscape.  When you purchase shares of a company, you join a group of stakeholders that includes the employees of the company - If the integrity of that system comes into question, i would want stakeholders to step up and begin to test their rights and understanding rather then assume that everything is fine.  The outcome of such activity would benefit more then shareholders. + +Q: Does DRS affect liquidity of the real shares held at DTCC or does it theoretically affect the FTDs first before the real shares are pulled out? What is the sequence of actions that DTCC takes when a transfer agent requests these shares? [Justwannabeatmarket](https://www.reddit.com/user/justwannabeatmarket/) + +A: Transfer agents do not request shares. On behalf of the issuer - transfer agents are able to access the information that is tracked at the DTCC.  In the case of DRS, transfer agents have to request permission from the DTCC to access records in DRS.  + +Q: Are there any standards for DRS transfers like there are for FOP/ACAT transfers? As it seems the fees and transfer timelines vary greatly from brokers within the same country. [Bibic-Jr](https://www.reddit.com/user/Bibic-Jr/) + +A: There are standards. I feel the awareness of the existence of DRS is very low and while DRS was an effort to the solve the paper tracking it feels like there is still a lot of paperwork involved to move in and out of it. + +Q: Why is it that ComputerShare US can only accept DRS transfers, and not other kinds of transfer systems such as ACAT? [Bibic-Jr](https://www.reddit.com/user/Bibic-Jr/) + +A: Appears to be some confusion on the role of transfer agents.  Transfer agents work on behalf of the issuer to maintain records of the security holder, issue new stocks, distribute dividends.  A transfer agent would need to establish a relationship with DRS to track ownership. ACAT is a system for and between brokers. Transfer agents must become participants of DRS to gain access to the information. Nothing is transferred to the transfer agent. DRS keeps track of all shareholders who register shares in their name and transfer agents collect that information and track it on behalf of the issuer. + +Q: Is the DRS transfer system the only way to withdraw US shares from Cede & Co? Are there any other ways to register a share in your own name? [Bibic-Jr](https://www.reddit.com/user/Bibic-Jr/) + +A: To my knowledge, you could also ask for the actual stock certificate in paper form. + +Q: Hypothetical: A company is heavily shorted (or hedged with options that exceed the entire amount of issued shares). Basically Market Makers keep selling naked short "for liquidity". Eventually over a long time, the total number of shares issued by this awesome company is 100% direct registered to actual people. The DTCC or Cede has zero shares. Synthetic shares at brokers are abundant and obvious now right. Is it even possible for options markets to function like this? How can any Market Maker "provide liquidity" when every share is locked up as direct registered? There is no possibility for "expectation to locate". Because a bunch of apes tossed all the shares in the infinity pool. [ihas\_prehensile\_tail](https://www.reddit.com/user/ihas_prehensile_tail/) + +A: Regulation SHO has an exemption for registered market makers  that does not obligate them to locate shares. As noted in an earlier question there is “wiggle” room for brokers as well.  +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +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. +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? +I am 23y/o trying to escape a home that has been horrible for me. My mother constantly yells and expresses hatred for me. She is crazy. She is an emotional burden on me. I have no one that cares about me, no other family. She does not support me in any way besides occasionally stock fridge with the same microwave dinners. + +She does not care about me or my future, or if she does she does it's not much and she never shows it, I feel like she would be content if I wasted my life rotting in this house for more years than I've already done. + +My health is in a bad state, I have physical and mental illnesses, but I feel like I can't help myself to get better while I'm here, because staying here keeps me in a depressive state. + +I am currently on SSDI but my mother pockets it. I think I need to remove her as payee. However, the SSDI is only 500 dollars a month. + +Edit: Many people are saying that's reasonable for her to take for food and rent, but she would keep the remaining money if there was some, and paying 500 for rent+food is a bit different than what I have which is rent+food+grief/hate. Also, it's going up to 800 next month it looks like (from SS website member page). + +I contacted a social services worker to be put on a waiting list for housing for mentally ill with some limited assistance with living, but the list takes up to 2 years. I think this would be ideal but it's also only opportunity I'm aware of. + +I studied computer programming, I took some college courses years ago, I am good at it, but I'm not really healthy enough to maintain a job, and I don't drive/never learned and not healthy enough to drive right now. But still, I am interested in doing something to increase my income so I can survive on my own. + +Do you have any advice for me? I don't feel like I can wait 2 years for housing. I live in the state of NJ. + +edit: I did not expect to get a lot of attention for this. Thank you, especially if you wrote a piece of advice, I am reading them all. + +I had a thought recently that I wanted to share. Considering how the media loves to publicize everything GameStop and Ryan Cohen, I found it oddly peculiar that they've been mute about a 40 minute long interview. + +The only thought I had was, if they broadcasted the interview, it would provide credibility or at least attention on GMEDD.com or even his recent books he published. Considering the silence, I can't help but think the situation is precarious or just close (finally) to vertical velocity. + +Happy holidays everyone!!! +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/wsNDGTf5QH). +I invest in a lot of ICOs/early coins that I like (albeit, small amounts) and considering it's pretty much impossible to find good reliable information on them since there's 29382803 of them right now, I'm summing up all the ICO-related threads here from this past month and what seems to be the general sentiment on each of them. Not just the good ones this time - I'm spotlighting the bad and the ugly as well. + +**Current/Future** + +[Grid Plus](https://www.gridplus.io) is went live today, they're raising a lot but it's a really intricately done project with a nice whitepaper and team. Do your own research - I'm personally slightly concerned about the high market cap, but people seem to be into it here. + +[Ethconnect](http://ethconnect.net) is a Ponzi/pyramid scheme trying to do what Bitconnect did, it literally shows the bonus structure right on the website rewarding earlier investors. + +[Quanstamp](https://quantstamp.io) is asking for a lot of money, but the project is really interesting. Auditing smart contracts is definitely much needed as more and more projects are released. It'd be nice if someone could explain why they need a token though. + +[Raiden](https://raiden.network) has been going on for the past week or so, I actually like this project since they are providing a real solution to a real issue (blockchain scalability). Sentiment around this one seems pretty decent, but now that I've said that I'm sure the comments are going to tear it apart + + +**Ending today/tomorrow** + +[Upfiring](https://www.upfiring.com) has an extremely low market cap at the moment due to all the anonymity around P2P file-sharing, seems risky but definitely a really good concept that could make an impact/provide a nice ROI if successful. + +[Enjincoin](https://www.enjincoin.io) raised 91% of its funding goal, definitely has some good potential since the company is reputable and you know they will be using it. It's a bit unsettling that they've been between 88%-92% of their funding goal for several weeks, but I still like the project. + +[Ethino](https://www.ethino.com) is a casino for ERC20 tokens. Cool concept, but doesn't seem to be a lot of hype around it aside from the team talking about it in the weekly threads. + + +**Past** + +Request was hyped like crazy by everyone and shilled it, and then the price dropped slightly under ICO price. It still has a low market cap and could be considered a good investment at this time depending on what kind of impact you believe the project will have. This project definitely made people rethink throwing their ETH at hype imo. + +Cindicator - still dropping steadily, now around ICO price. Lots of politics have negatively affected what otherwise was (and could still be, imo) a pretty well-put together project. + +---- + +**TLDR:** Do your own research, you need to be smarter than in the past if you're considering investing in ICOs and can't just follow the hype anymore. +https://www.cnbc.com/2020/02/07/us-nonfarm-payrolls-january-2019.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +Edit: Number adjusted after link posted. 158,000 expected, not 165,000. +I reached couple of fee ONLY advisors for an initial meeting. + +Based on my discussion i noticed that they have a defined sort of a template. They have a goal based excel which essentially tells you how much money is needed to accomplish each goal. They mostly advise to invest in index funds and not actively managed funds. They also do not advise on stocks. + +In my opinion, the role of financial advisors should be to grow one’s money and actively advise investors to invest in Stocks/ mutual funds etc. + +As someone who works full time like many others i wanted someone who can read things, analyse markets for which i do not have time and advise me but the services offered by them are not worth the money i feel. +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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot)|[**Education| Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot)| +|:-|:-|:-|:-|:-|:-| +|[**News | Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot)|[**Mega Thread**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot)|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot)| +|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot)|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot)|[**AMA**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot)| +|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot)|[**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot)||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +This is a very short update but I have a number of items to cover before market open. + +# Welcome Satori Team as Moderators + +[\(plot twist: they are actually IRL androids...\)](https://preview.redd.it/htrg11qn55571.jpg?width=630&format=pjpg&auto=webp&s=df4cdd9ced0faafdb1d70723713e3590447dcd4f) + +Not many of you know the true history behind Satori and how it became so intertwined with the mod team. The truth is they've been working with me since before the r/Superstonk migration. These members include u/catto_del_fatto, u/grungromp, and u/Captain-Fan. They have worked meticulously and tirelessly to progress the Satori project from idea to manifest guardian ape-gel of Superstonk. + +Awhile ago, we added u/catto_del_fatto and he was able to study the sub from a moderator perspective. He has earned our trust and since then has been promoted to general mod permissions. As a result, the Satori team quickly became linked to the mod team, as they became more and more critical to the sub's makeup. + +In the past few months, in addition to Satori, they have helped us identify FUD attacks, organize mod mail, and identify bad actors and true apes alike. I would be wrong to suggest they aren't already a critical aspect of our moderating practice, and therefore we mods voted with overwhelming support to do the next logical step: add them as moderators. + +**Please join the mod team in welcoming** u/grungromp **and** u/Captain-Fan **to the moderator team.** I have no doubt they will continue to bring incredible concepts to life, with more accuracy and reliability, as mods themselves. Congratulations! + +Also, now they can't escape \*maniacal laughter\*\*cough-cough\* + +# Satori Approvals + +[SATORI DIRECTIVE: PR073CC 4P3](https://preview.redd.it/zg5j1yh465571.jpg?width=1332&format=pjpg&auto=webp&s=d6329324faa295c425e8975b0aec1e59b1821e9f) + +For those unaware, Satori is a sophisticated program that we utilize as a subreddit to identify "true apes" and also "bad actors" or people who would otherwise spread FUD and harassing posts. As a result of this software, we have been able to introduce an approval process that adds members to the Approved Users list. These approved users can bypass the [karma and age limits imposed by automod](https://www.reddit.com/r/Superstonk/wiki/index/automod_info). + +We realize there is some confusion about Satori, and we are working on clearing this up in a more reliable way. I just created a [wiki page for Satori](https://www.reddit.com/r/Superstonk/wiki/index/satori) and while it is currently **under construction** you can check back there for updates on the system. This should help us streamline any questions and information, just as we do with [SuperstonkBot](https://www.reddit.com/r/Superstonk/wiki/index/superstonkbot). + +Additionally, you can check out u/grungromp's post, [**Satori: The One Week Security Update (Important Information Inside)**](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), for a more recent update. The most critical aspect of this post is the new **!apeprove!** comment function, which means that any user, inside karma/age limits or not, can comment **!apeprove!** on any r/Superstonk post and be bumped to the top of the list. If your comment is immediately removed, I am told it will still work! + +We have some limits imposed by Reddit, so the approvals are done in waves so as to work within this limits and Reddit policy. This **!apeprove!** function allows active users to essentially cut line. Make sure you use it! Spam will not be tolerated, though. Patience is key. + +# We... Us... "The Movement"... What is this? + +[We just apes.](https://preview.redd.it/jcufgqqb75571.jpg?width=760&format=pjpg&auto=webp&s=06768c4ac97561f9d1e02d46c39aaf6dd120412b) + +Okay, listen. We must follow Reddit policy, or they might take the sub down. We must follow actual laws, too, because god-forbid they do something evil like delist GameStop or implicate apes legally, as they did u/deepfuckingvalue. So, I am going to have to be a bit stern here and amplify a few things that I really think I need to amplify: + +1. Please view the DISCLAIMER associated with the subreddit. You can access it by going to r/Superstonk and (on Desktop) looking at the side bar, and (on Mobile) under the About menu. +2. We do not manipulate the market. We do not coordinate anything regarding the stock market. We do not urge people to buy or sell, or do anything with what is their privately owned stock. We do not shame people for their choices as retail investors, in an attempt to get them to hold when they don't want to, or to buy GME when they'd rather buy something else. We let retail investors make their own individual decisions. That's sub policy. +3. We do not organize or attempt to push political action, or spark Occupy Wall Street 2.0 or whatever some of you think this is. We are not going to organize letters to the SEC or otherwise enter ourselves into a political arena that we, trust me, do not want to enter. We are a bunch of apes who are bananas for GameStop and that's about it. +4. We are here to share information, build a community, and express ourselves regarding GameStop as not just a stock, but also as a company, in way that is not pressuring or purposefully influential, and is based on fundamentals as well as market realities. If you don't want to talk about GameStop, there are plenty of other subs to go to, and, if you talk about GameStop, make sure you follow the rules and guidelines of the sub. +5. TL;DR: We like the stock. We love the company. We are apes. That's about it. + +Please also keep in mind that r/Superstonk was once a small little sub of just under 300 people before it exploded due to the Second Great Ape Migration. After that time, we got quite used to being the unknown sub that everyone needed to know. Well, we kept growing... + +We know that big news stations, personalities and influencers, and likely GameStop themselves all keep track of us, so know that when you post content, it will be seen by people who might be writing negative-slant articles, or who might get on TV and talk negatively about us. I am not going to censor you or limit you, as this community will be as self-aware as it can be, I guess. I am suggesting that you maybe consider how your post or comment will bring unwanted attention or scrutiny to the sub. + +No, I am not asking you to tone it down or "behave" for the big shots. Not at all. Have you seen my Twitter? Please. I am just reminding you of where we are. We aren't that little sub anymore. We have more online members than r/wallstreetbets these days. We are rising fast. Let's just be mindful of what negatives that can bring, if the right apes say the wrong things. I know you are all smooth brains but maybe, if you can spare adding a wrinkle, add one in this regard. + +# Superstonk Live: Monkey Business (stay tuned...) + +[Created by apes, about apes, for apes.](https://preview.redd.it/oukctkmx65571.png?width=4001&format=png&auto=webp&s=bae7e8fa5859aea36119d68aad01c987b900b15d) + +The mods are currently trying to put together a Monkey Business for the end of this week. The exact date is still in flux, but please comment below if you want to be considered as a participant in these panel-centric live streams, and an organizing mod may reach out to you. You do not need to be on camera, but you WILL need to be an active community member. + +We have only done one episode of Monkey Business and [you can watch it here](https://youtu.be/UDKC_oXqhGM). + +Please do NOT contact us directly, and trust that we will reference this post, or select them on our own accord based on behavior and interaction with the community. + +Keep an eye out for a post about specifics, or you can subscribe to [https://www.youtube.com/Superstonk](https://www.youtube.com/Superstonk) and watch for the stream. + +# Superstonk Awards Design Contest (stay tuned...) + +[I am giggling right now as I insert this photo. HE IS SO CUTE.](https://preview.redd.it/go1bb632f5571.jpg?width=633&format=pjpg&auto=webp&s=90a92abb86f8b1ff6bb06825457ff516eef113bf) + +I will be personally handling this contest and I am very excited because I actually do some pro designs IRL. Therefore, I feel I can be very strict and specific about all of the details \*evil laughter\* \*cough\* ahem. + +We are going to be hosting a design contest to generate some Community Awards. You can [learn more about these awards here](https://www.reddit.com/r/announcements/comments/chdx1h/introducing_community_awards/), but there will be a post early next week (or tomorrow) with all details and submission requirements. + +I can say currently that we will be using the bracket system that we used for the Banner Contest, and it will be a bit more streamlined and, well, faster. You will be submitting via email, so please create an anonymous email if you have not already, unless you don't care; I won't reveal anything either way, other than the design, name of award, and author by Reddit username. Also, the top eight will be receiving prizes, and ALL will receive mod-awards that give Premium membership. Stay tuned for more! + +*I honestly had hoped to make this post yesterday, but since I was feeling under the weather due to my second COVID-19 shot, there's a slight delay. Apologies! I am giving the other mods time to look at my details and give me feedback before I post, but I wanted to let you all know it's coming.* + +# Onward to Market Open + +[Make sure you drink lots of water!!! \(or mead\/ale\)](https://preview.redd.it/2oddk4y585571.jpg?width=2000&format=pjpg&auto=webp&s=c0fb40f1881f57d39f76fedbc348471fd290f129) + +I also want to say real quick that the only thing we're pumping right now is my excitement and love for this community and the incredible mod team that I am so very lucky to have at my side. Never, ever, in a billion years, did I ever think r/Superstonk was going to reach these numbers (over 430,000) or beat r/wallstreetbets with online users. I mean, I joked about it, like "Superstonk will be the next big thing! You just wait! I'll show you!" but really I'm so smooth-brain it hurts so I never expected it for real. + +My joke/dream was that I wanted to hear Fox News anchors say "Superstonk" out loud on national TV, and right now I can't even be sure they haven't already. This is truly remarkable and IMPRESSIVE. To the mods and the entire community, thank you for being the shit a.k.a. the bee's knees a.k.a. diamond-handed lunar apes a.k.a. the kickass OG badasses of reddit. Thank you for being here and making r/Superstonk the *best sub on reddit*. I am truly and eternally grateful. + +I am actually REALLY excited for market open and I have a gut feeling that we're going to see some crazy price action this week. Remember, trust DD over Red's gut... please... Just remember, a lot of what we're seeing is intended to discourage GME holders. If you like the stock, feel free to HODL it as long as you like. I personally will be. Let's go! 🚀 +I've been building [Quiver Quantitative](https://www.quiverquant.com/) over the past couple years, a free alternative data platform, and wanted to start sharing some of the data I've been providing in the form of daily posts. + +If you'd like to take a deeper dive, you can clink the links in the section headings to see live data updates for the respective datasets, or navigate through the rest of [my investment data site](https://www.quiverquant.com/) to see other datasets. + +These updates include just a handful of brief insights from a few of my datasets to keep things as simple as possible. I know people get tired of reading big walls of text, so I'll try to keep these updates as visual as possible. + +I hope you enjoy, and please let me know if you have any feedback. + +[**Off-Exchange Activity**](https://www.quiverquant.com/offexchange/GME) + +Yesterday, 609.58 thousand shares of GME were traded off-exchange and 342.72 thousand of those shares were sold short, giving GME a DPI of approximately 0.56. + +[Graph: Net Short Volume Off-Exchange](https://preview.redd.it/uv1qwnv7wwc71.png?width=3002&format=png&auto=webp&s=4b381c15456e897269df45607201d54102da1f9f) + +[**Failures-to-Deliver (FTD)**](https://www.quiverquant.com/sources/ftd) + +[Graph: Failures-to-Deliver of GME](https://preview.redd.it/l5u7bq5awwc71.png?width=3002&format=png&auto=webp&s=c1ab8301b56bf9b6b8b3b95290dd4c84a314a22a) + +[**Reverse Repo**](https://www.quiverquant.com/offexchange/GME) + +There have been daily posts on this data, but they're typically missing the historical context showing how large the recent numbers are in relation to in years prior. Here's a visualization: + +[Graph: Reverse Repo Operations](https://preview.redd.it/jxhjp38cwwc71.png?width=3002&format=png&auto=webp&s=c058ae2ede27059ffca78c13a7b7d0687354c7ed) + +[**r/SuperStonk**](https://www.quiverquant.com) + +Here's a snapshot of some of the r/SuperStonk subreddit statistics I've been collecting: + +[Graph: Subs gained](https://preview.redd.it/kmb8ozgewwc71.png?width=2408&format=png&auto=webp&s=b32be3221cd74a7bbea8b2714b57f080dbec5ee0) + +[Graph: Active users](https://preview.redd.it/2y8j3lrfwwc71.png?width=2408&format=png&auto=webp&s=d1b486d14d5f70d9db403d0775fe2ab645c9f67c) + +[**Reddit Discussion outside of GME subs**](https://www.quiverquant.com/) + +GME was mentioned 121 times on Reddit threads in non-GME subs that I collect data on, #8 out of 571 tickers mentioned. Here's a deeper breakdown of discussion: + +[Graph: Mentions](https://preview.redd.it/46ux8vbhwwc71.png?width=2408&format=png&auto=webp&s=1a44c9e5b9902e8575e2cdc7bc1eb9f83d2f4c6a) + +[Graph: Sentiment](https://preview.redd.it/szvdx8riwwc71.png?width=2388&format=png&auto=webp&s=fba7d39a442fef9b1d3f9454382ef68bb9a61282) + +[**GameStop store review counts**](https://www.quiverquant.com/sources/gamestop) + +[Graph: New reviews](https://preview.redd.it/evkhn55kwwc71.png?width=2408&format=png&auto=webp&s=d92b6819e4f55879a02cd6ce9b0b12fd79e38b73) + +[**Stock trading by US Congressmen**](https://www.quiverquant.com/sources/senatetrading) + +No new trades of GME disclosed today. Here's a graph showing net trades of all stocks made by US Senators alongside the market: + +[Graph: Senate sentiment](https://preview.redd.it/jdwfrjymwwc71.png?width=2284&format=png&auto=webp&s=b95f044d5749dd3491c440d210648512a30a5162) +# + +https://preview.redd.it/x5narso5qrj71.jpg?width=1500&format=pjpg&auto=webp&s=2ef93dba2ec24af6881b39e129ba75f45b42498b + +# Apes, + +&#x200B; + +# Buy and HODL GME. This is the only way. I did buy (10) $950 2023 calls a couple months ago. I have bought and held shares each and every week since Jan. I have bought at $500 plus premarket in Jan and bought in the $30s. I have a nice collection going. + +# + +# Now, with that said, I'm going to talk about Options purely to explain the fuckery that I see. I have traded a long time. I've never seen any other stock not respond to an literal Gamma Ramp sitting on top of it. I saw this happen a couple weeks ago during a hype date with a Gamma Ramp that didn't get used. Something is VERY fishy about this compared to other stocks and gamma ramps that I have seen in my years of trading. + +&#x200B; + +**Now, Need some help. Can someone explain how GME has that much call (buy) side pressure, a normally skewed buy to sell ratio on Fidelity, a HUGE gamma ramp setup for yesterday/today and yet the stock isn't moving??? I've checked the put volume that has came in and it's not large enough to hold this stock back from being properly hedged.** + +&#x200B; + +# + +[This is as of right 5pm Aug 26th 2021](https://preview.redd.it/q9g7o6e5orj71.png?width=1196&format=png&auto=webp&s=3257c39a8f43b381075a6ba63c1eda53b66d0c6b) + +&#x200B; + +**So what gives? Other stocks would fly up with that ramp in place, how is it being held down today? I'm watching multiple streams and an options scanner on GME for incoming ITM Puts to tank the price.** + +# So far, the only thing I can come up with is that Fellow Chicago buddy The CBOE and Market Makers (Citadel is GME's Market Maker) are not being safe with GME and derivatives . I think they are trying to give themselves as much time as possible to get retail to sell their options....without actually properly remaining delta neutral. + +# This is similar to what happened back in Jan when they started to lose control and it started to get away from them. They got flooded with cheap calls and they couldn't keep up. There were no shares back then and now the problem is bigger. I think they simply aren't hedging properly. If Tuesday comes around and this stock needs to find an additional 1.27 million shares (If the price doesn't rise up tomorrow and stays right here at 205) this will push the price further up. + +&#x200B; + +# The bid ask / spread is still super far apart which means movements will be violent. + +# If anyone sees or understands something I'm not getting, please let me know. I'm in this because I've never seen a stock act like this before and I have been trading for years. So I'm all in.....but let me know if you have thoughts!! + +# + +# + +# +Well boys and girls, we did it! We got BTC over $100K. Many thought we'd have to wait until the next halvening before we saw the 6-figure price, once again, Big Daddy Bitcoin surpises us. We have reached the psychological threshold amidst a market crash. + +As you'll see in the picture below, the BTC/UST pair reached a high of nearly $138K. + +&#x200B; + +https://preview.redd.it/por92dkz3vy81.png?width=1080&format=png&auto=webp&s=1d1e597225227bc9dedb3cef8e73cd22adb5651f + +Now we will see so many people FOMOing in. If you don't FOMO before them, you could miss out on gains! Take out a second mortgage and sell your kidneys! We are going to the moon! Like and subscribe for more amazing updates! +https://www.cnbc.com/2022/05/24/snaps-down-32percent-and-its-dragging-other-stocks-down-with-it.html + +>Snap shares plunged 40% on Tuesday, putting the company on pace for its worst day ever and dragging down other social media and digital ad company stocks. + +>The tumble comes after Snap issued a warning on Monday to investors saying it won’t meet its own targets for revenue and adjusted earnings in the current quarter. + +>“Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated,” the parent company of Snapchat said in an SEC filing. Snap’s shares are down about 83% from a 52-week high in September 2021 and are off 70% year to date. + +>The filing also led its peers with a heavy reliance on advertising down in the afternoon. Shares of Meta were down more than 8%, Roku fell more than 15% and Pinterest dropped over 24%. Alphabet and Twitter dipped 6% and 3%, respectively.