diff --git "a/reddit_finance_43_250k_144.txt" "b/reddit_finance_43_250k_144.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_144.txt" @@ -0,0 +1,10000 @@ + +&#x200B; + +❇️Marketing & CoinMarketCap/CoinGecko listings hasn't began yet. You are still very early❇️ + +&#x200B; + +❇️ Get in before the marketing and CMC/CG Listings! ❇️ + +&#x200B; + +FairLaunched! 🚀 Low MC gem 💎 Doxing and AMA - Small Dick Big Dreams token +Facebook reported earnings after the bell. Here are the results. + +Earnings per share: **$3.67 vs $3.84 expected**, according to a Refinitiv survey of analysts + +Revenue: $33.67 billion vs $33.4 billion expected, according to Refinitiv + +Daily Active Users (DAUs): **1.93B** vs. 1.95 billion expected by analysts, according to StreetAccount + +More here: https://www.cnbc.com/2022/02/02/facebook-parent-meta-fb-q4-2021-earnings.html +The company I work for told me last month I was approved for a 15% raise; that seemed like a lot but I have been really busting my ass this year to prove my worth (in preparation for asking for said raise) and felt pretty accomplished when I got the good news. By my calculations it would but my gross pay right around $54k, which for the field I work in is not too bad for a non-management position. My calculations told me I’d see an increase in my after-tax pay of about $400, which I was planning on throwing at my debt and car payment to expedite clearing them out. + +To my surprise, I checked my paystub this morning and my net pay only increased by $150. My gross pay seems to check out re: the increase I was told I was getting, but it seems like most of it has been swallowed up by taxes (over $1.1k this month alone). At the end of the day, my annual take home pay is only increasing ~$2k, off a raise that boosted my annual gross over $7k. So here’s my question: am I getting over-deducted in my taxes, or is this what the news means when they talk about the death of the middle class? + +ADDENDUM 1: I am paid monthly. + +ADDENDUM 2: Per recommendations from the comments, I went back and pulled my last pre-raise paystub to compare withholdings. My previous gross pay was $3,900 and my federal withholdings were $377/month; adding in Social Security and Medicare + my $60 in health care deductions, my total deductions pre-raise were ~$730. Post-raise: My gross pay is $4,552, Medicare and Social Security withholdings only raised a little bit, but my Federal tax jumped up to $763/month, over double what it was last month and is the bulk of why my total deductions were over $1.1k. I'm gonna check with HR and see if that's where it's supposed to be. + +ADDENDUM 3: Talked with HR, they confirmed there was a mistake with the paystub service/program they use in the federal withholding calculations this month; they've fixed the glitch and are crediting me back the difference. So, raise found! Thanks for everyone's thoughtful replies. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +*EDIT: This post is meant as a mathematical (\~Middle School Algebra) exercise regarding GME stock and shorts. The title itself is meant to be the literal end as intended, and describes how it would be impossible for all shorts (estimated) to be covered, closed and completely done and finished, with only using the available outstanding shares on the specific days stated. Please note that I have made no comments on possible options that HF's can/did use as* ***I DO NOT HAVE THAT DATA!*** *I have, hopefully, labelled the assumptions I made to do these calculations, and pointed out some general assumptions,more shorts mean more gains, sarcastically, that do not always appear to be true in the given data.* + +# These are just general findings, so chill the fuck out! + +&#x200B; + +Please note that the below plots are all done using publicly available data from FINRA, Jan29th text file ( [http://regsho.finra.org/CNMSshvol20210129.txt](http://regsho.finra.org/CNMSshvol20210129.txt)) Feb 5th text file ([http://regsho.finra.org/CNMSshvol20210205.txt](http://regsho.finra.org/CNMSshvol20210205.txt)) regarding short volumes and Yahoo Finance for daily volume and GME daily prices. + +I promise you the long read is worth it, but the TLDR version is at the bottom in Figure 9. The majority of the text is needed to inform a general audience of how an estimate of over 70 million shorts a day was reached. Please help out if there are any huge oversights, or wrong calculations, in the comments below, as I'm not responding to nearly any chats these days due to all the bots wanting me to either join an illegal conspiracy to raise the price of silver, or just shady as fuck. + +Below is just a plot of the daily stock prices at the open and close of trading during regular hours for GME (source Yahoo Finance). + +[Figure 1: No real new information from this plot that everyone doesn't already know.](https://preview.redd.it/hm1mk6i09yf61.png?width=600&format=png&auto=webp&s=1bbe89497fafa8b1d449cf203c66ad2b62cbe111) + +So as EVERYONE KNOWS, shorts can cause the price to rise in a given stock as the share of stock must be purchased, and with supply and demand, we aim for the heavens... + +[Figure 2: Shorts and Short Exempts \(note y-axis is in MILLIONS\) as reported by FINRA during regular business hours.](https://preview.redd.it/t8yyps5bayf61.png?width=600&format=png&auto=webp&s=e17249ce1c3e2349d7d082a2690d77bfa4a8c3ad) + +So let's do a quick sanity check. Looking at Figure 2, we see that on **Jan 13th, over 40 MILLION shorts were executed!** So if we check Figure 1on Jan 13th, we should expect to see that the price increased, which it did. + +Let's look at it a different way and plot the Closing Price minus the Opening Price to see just how much GME stock price changed each day. + +[Figure 3: Overall change in stock price from open to close of GME.](https://preview.redd.it/8dutm3frcyf61.png?width=600&format=png&auto=webp&s=458d804b49dea6f728ea29f3946a506a6ac2113b) + +This plot seems to be dominated by the wild changes in price during late January/early February, so let's do a normalization trick by taking the above values and dividing them by their respective opening price that day. + +[Figure 4: GME Price change relative to the opening price that day.](https://preview.redd.it/iokqj1i4dyf61.png?width=600&format=png&auto=webp&s=533c7228e8ff52bbb6cc23fe7bc0a145f0716efe) + +Now in Figure 4 we can see the change in price relative to what it was starting out on that day. Again we see that Jan 13th increased, by over 50% that day. + +So let's make it easier for everyone and combine Figure 2 and Figure 5 to see both the total number of shorts executed, and the price change, for the same day. + +[Figure 5: GME Price change relative to opening price, and the total number of shorts\(both short and \\"short exempts\\"\) during Regular Business Hours, via FINRA](https://preview.redd.it/udf0do41fyf61.png?width=600&format=png&auto=webp&s=af67822fa65e5df33bf2b994c30602f7b8582904) + +**NOW WE GOT A PLOT!** Here we see both the change in price AND the number of shorts being executed for a single day. + +But what do we actually get from Figure 5? **Jan 13th keeps with our hypothesis that MORE SHORTS MEANS MORE GAINS**, but we don't see that across the board though.....? + +Jan 13th, Jan 22nd, Jan 26th, and Feb. 5th all show gains in price, and large number of shorts... + +**22 days I tracked, and 11 of those days have over 10million shorts during regular business hours, but only 4 days have gains of 20% or greater, and only 3 of THOSE days have gains over 50%.....?** + +# Eye Raise: + +* **Why hasn't GME reached the Moon with all the Rocket/Shorts Fuel yet?** + +\-"The screaming cries of wallstreetbets" + +Hmmmmm, ok, well maybe we should also compare the overall volume of GME also and not just the shorts. The HYPE was/IS real over GME, and the world took notice. Let's see how the volume changed with it. + +First, just plot out the daily volume during regular business hours. + +&#x200B; + +[Figure 6a: Regular Hours Daily Volume for GME, as reported by FINRA](https://preview.redd.it/8401qqamiyf61.png?width=600&format=png&auto=webp&s=308bf45b5b5f75766d96d57ca55bbee0b9c873eb) + +Alright, what do we get out of this plot...? Well, from Jan 13th and onward the volume shot THROUGH THE FUCKING ROOF, compared to early January. + +**BUT WAIT A DAMN MINUTE?!?!?!?** + +I didn't hear about the GME Hype Train until mid to late January!? From what I can find googling it seems that most major news outlets didn't really report on WSB/GME until Jan 21st, with serious mentions coming around Jan 24th weekend. + +# General Assumption I'M MAKING: + +# Most of the actual "Retail Investors" didn't join GME until weekend after Jan 22nd. + +&#x200B; + +[Figure 6b: Full Daily Volume as reported by Yahoo Finance for GME. Note that Figure 6a is contained within Figure 6b.](https://preview.redd.it/bxnpcbheuyf61.png?width=600&format=png&auto=webp&s=9fe167ab117d9d361f7f2926d85bc837319dcf33) + +# So, ASSUMING, the above, let's say the higher volume AFTER Jan 25th is from Urist McLossesMoney. + +So what's with the crazy high volume before then? Is it from the insiders, the true chosen among us, the users in r/wallstreetbets that aren't bots?----->NOPE. + +Almost certainly volume before Jan 22nd is from the hedge funds having to buy up the shorts they WAY THE FUCK overextended on! The "big bois" had to join us bottom feeders and buy up the stock to cover their 9000% short shares... maybe. + +Anyway we can check something else that to shine some light into what happens during the dark hours of trading... After Hours Volume. + +[Figure 7: Regular Hours Trading compared against After Hours Trading for GME](https://preview.redd.it/dzjkv3zqlyf61.png?width=600&format=png&auto=webp&s=30b68bc546184bc5e079101a4c9d9d66b1955365) + +**I DO LOVE PLOTS!!!!** Here, I've taken the regular hours volume(again from FINRA) and subtracted it from the day's total volume, as reported by Yahoo Finance, to get the After Hours Volume. But again what stands out/what's the point of this plot? + +# After Hours Volume overtakes Regular Hours Volume Jan 22nd, and has remained where MOST of the action is going on! + +**GENERALLY**, "Retail Investors" don't/CANT engage in after hours trading. And also, don't confuse what you do on your trading app at 2am with what broker-dealers and big bois are doing at 2am. + +We see around Jan 13th, after hour volume went above 50million, my general dumbass guess is because HF's needed to buy shares to cover shorts, and the few following days thereafter. + +Hmmmm. OK, let's take a step back and look shorts again.... + +&#x200B; + +[Figure 8: Percentage of Regular Hour Short Volume as a Percentage of Total Volume during Regular Hours.](https://preview.redd.it/kolo2hw7ryf61.png?width=600&format=png&auto=webp&s=da005e3f065d05341a1fa196c07c9b3b3523793b) + +Figure 8 just shows that over half of all volume, just during regular hours, are shorts. **I don't know if there are numbers out there that show after hours shorts, if so PLEASE COMMENT IT!!!!!!** + +# And because I can't get after hours short volume, we have to make a wild guess as to this next step. + +# So multiply Figure 8 by Figure 6b and you get..... + +[Figure 9: Estimated the full daily short volume by multiplying the regular hours short ratio from Figure 8 by the whole daily volume reported by Yahoo Finance.](https://preview.redd.it/yscv7o1ssyf61.png?width=600&format=png&auto=webp&s=86594c24fa071bee2a7b7b2e25f607241c13e9b3) + +# NOTE: Figure 9 is an estimate, but it's still a low-ball estimate. + +**ASSUMPTION --> Let's assume that after hours volume plays just like regular hours trading.** + +I STILL HIGHLY FUCKING DOUBT THAT AND WOULDNT BE SURPRISED IF AfterHoursVolume was higher than 75% of just shorts. + +Still, let's roll with Figure 9. **Looking at Jan 13th, we estimate the number of shorts executed was...over 76 MILLION!** + +**And there are.... 69.75M shares outstanding... yep... ok... checks out!** + +&#x200B; + +**TLDR: Go to Figure 9, NOTE THAT IT'S AN ESTIMATE(and a low one at that), and see how it's impossible that they covered their shorts (ON THOSE DAYS) see edit below.** + +&#x200B; + +Not financial advice, not advocating violence, not legal advice, just doing some math while my wife and her boyfriend watch The Crown. + +Edit 1: Yes, title is a typo. "...Shorts WE ARE Covered..." smh + +Edit 2: finra link seems to break for some with the https:// in the front, try it without and added direct links to text files. Also, no I did not include ways to cover shorts with options/bought/sold/traded/fails-to-deliver/NoExpirationShortsJustPayInterest/t+3/etc.... since I already threw a god-awful amount of text at you and literally pointed to exact dates and I don't have Bloomberg/L50Data... + +Edit 3: Removed comment by request of user. + +Edit4: And thanks to u/[jusmoua](https://www.reddit.com/user/jusmoua) for getting the post back up! + +and Thank You Everyone For the Awards! +I’m slowly building up the dividends portion of my investments and still have a long way to go before hitting my goals. I’m curious, at what major milestones did people here notice their portfolios really take off? I’ve often heard the first $100k is the hardest, true? +Haven't we all seen those youtube videos talking of assets/ government projects/ art pieces that have been invested in decades ago with money that would be peanuts today, but then the creator mentions that this amount is so and so in today's money, adjusted for inflation. + +Well, today I was looking to do similar calculation for a piece of commercial real estate. Let's say someone bought a place to set up a small shop in the suburbs. This shop cost them 40000 rupees in 1999. So how'r much is the value of the above amount in today's money. + +It'd be nice to get a figure directly or be even better if you can explain the methodology of getting the answer . +I am utterly confused if I should convert it to value in gold or USD and then do the calculation. +I’m sitting in the ICU and trying to figure things out. We don’t have insurance, but so just signed him on with my insurance, but it won’t take effect until January. + +The insurance takes about 1/5 of my paycheck every month. I’m the only one working. + +Our cars are paid off, but we still have to make a 1k a month house payment. + +We have 5k in credit card debt that we had been paying off quickly, but now that we’ve added him to my insurance it will be hard to pay more than the minimum payment. + +Another financial kink in the plan is that his prognosis isn’t good. We are still waiting on lab results to find out what kind of tumor he has. It’s not pleasant, but Gliomas have a 30% survival rate for 1-2 years. So I need to plan for that as well. + +I know that we are about to get hit with an astronomical hospital (anesthesiologist, doctor, surgeon, lab tests, CAT scans, CT scans, physical therapy, occupational therapy, etc.) bill that I can’t pay. + +And we have 3 young kids. How should I navigate this? +EBSC TOKEN JUST LAUNCHED ON THE BINANCE SMART CHAIN🚀 + +&#x200B; + +THIS TOKEN HAS NOT ONLY A REAL WORLD USE CASE BUT ALSO A DEDICATED COMMUNITY OF DIE HARD SUPPORTERS(THIS COULD BE YOU)💪🏽 + +&#x200B; + +THE EBSC TEAM ARE ALREADY DEVELOPING A ONE OF A KIND LAUNCHPAD THAT WILL ONLY OFFER THE BEST OF THE BEST FULLY VETTED PROJECTS AS THEY BECOME AVAILABLE.THIS TRULY WILL BE A GAME CHANGER ❗️❗️❗️❗️❗️ + +&#x200B; + +THEY ALSO HAVE A FULLY FUNCTIONAL INVESTMENT FUND WITH MANY FUTURE PLANS BASED AROUND THIS. THIS WILL ALLOW HOLDERS REDUCED FEES IF THEY HOLD EBSC TOKEN 💰 + +&#x200B; + +LASTLY WITH THE VAST EXPERIENCE OF THE TEAM THEY PLAN TO OFFER AN EDUCATIONAL ELEMENT SO INVESTORS CAN MAKE BETTER INFORMED DECISIONS IN THEIR OWN FUTURE VENTURES 🎓 + +&#x200B; + +AND ALL OF THAT IS ALONG SIDE A TRULY DEFLATIONARY TOKEN WITH BURNS PLANNED AND EPIC TOKENOMICS🤯 + +&#x200B; + +THE TEAM ARE LOOKING TO OFFER SOMETHING NEVER BEFORE SEEN ON THE BSC AND THE MARKETING PLAN IS LIKE NOTHING ELSE OUT THERE 🌝 + +&#x200B; + +⬇️⬇️⬇️FOR FULL DETAILS ⬇️⬇️⬇️ + +&#x200B; + +🌍 WEBSITE - [https://earlybsc.com/token](https://earlybsc.com/token) + +&#x200B; + +🚀TELEGRAM - [https://t.me/ebsctoken](https://t.me/ebsctoken) + +&#x200B; + +🚨PANCAKE SWAP - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x01a78db633940579e15e7bdb8edfee8ecdea4522](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x01a78db633940579e15e7bdb8edfee8ecdea4522) + +&#x200B; + +📈CHART - [https://poocoin.app/tokens/0x01a78db633940579e15e7bdb8edfee8ecdea4522](https://poocoin.app/tokens/0x01a78db633940579e15e7bdb8edfee8ecdea4522) + +&#x200B; + +🎉 BSCSCAN - [https://bscscan.com/token/0x01a78db633940579e15e7bdb8edfee8ecdea4522](https://bscscan.com/token/0x01a78db633940579e15e7bdb8edfee8ecdea4522) +They state the split is from 300 Million to 1 Billion shares, but don’t we only currently have 76.34M shares outstanding? Where does the 300Mil shares number come from? This is explained below. + +Also, we will vote on it at the shareholder meeting, which is in June? So if we vote in June, when is the “record date”? Not yet conclusive, but let the FOMO buying begin. + +And what does it mean to receive the stock in the form of a dividend? How is that different than a normal stock split? This is explained below by a fellow ape. + +Obligatory: GME to the moon! +Not financial advice. Just apes talking about the stock we love. + +Edit: the 300,000,000 is the number of shares **authorized** for a split from a previous vote. So yes, current shares outstanding is 76.34 Million, but GS already has authority to split from 76,340,000 to 300,000,000, or roughly a 4:1 split. The announcement of the the proposed split is to further allow up to 1 Billion **authorized** shares for an even larger stock split. + +Edit2: there is no existing record date. One ape hypothesized that the record date will be announced prior to the vote, but in sure there will be more information coming out. So until then, Buyers can pour in and still be eligible for the stock split before the record date. + +Edit3: thank you to u/agent_zoso for the following explanation. A stock dividend in this case apparently means the same thing as a stock split. Investors will receive the additional shares as a dividend, based on the split that we vote on in June. Of course, GS could further clarify this if it truly is intended to be different than a standard stock split. + +Investopedia: +“When a stock split is announced, companies often describe it as a one time special stock dividend. This is not to be confused with a quarterly cash dividend, and simply means the company will carry out the stock split by issuing additional shares to shareholders.” + +**Edit4: get ready to fully jack your tits, because I think we finally have the best explanation of 741 and the math definitely checks out, but only when using round numbers!!! Amazing wrinkles u/meyG68!!!** + +I understood that they want to reduce 8 million shares in advance of a split? + +So 76 million - 8 million = 68 million shares left. + +1 billion / 68 million = 14,7 times. + +Backwards 7 4 1 + +eew eew llams a evah I + +Just a smooth brain, might be wrong. + +GMErica 🚀🚀���� +Hello Apes, + +It's been a little over a year since I posted [The EVERYTHING Short - Mortgage Edition](https://www.reddit.com/r/Superstonk/comments/ml39bx/the_everything_short_mortgage_edition/)... + +Since posting I have been quietly lurking on the sub (because of my current employer). However, in my free time this week, I felt that it would be important to do check in, see how accurate (or inaccurate) my stance of the Mortgage market was. + +As always, I'm not an expert, this is not financial advice. + +**Reminders:** + +**TA/DR of my previous thesis**: Housing market = bubble / Rocket Mortgage = \[Chuckles\] "I'm in danger." + +**TL/DR of my previous thesis**: Mortgage lenders were over extending themselves, due to the increased demand of the COVID crisis, Rocket Mortgage's balance sheet displays that they are the tip of the iceberg (chose to investigate them since they were #1 of new loan originators in 2020), and Treasury Yields will ultimately cause the collapse of MBS market / crippling the liquidity of the Repo Market. + +**Summary:** + +1. **Background / Current Status** +2. **Part I - Foreclosures / Default Rates** +3. **Part II - Rocket Mortgage 1-year later** +4. **Part III - Bringing it all together** + +**Background / Current Status:** + +**Mortgage Process (Simplified)** + +&#x200B; + +[Dumbed down version of the Mortgage Process](https://preview.redd.it/a6zb4gd4w4v81.png?width=2432&format=png&auto=webp&s=a40c8c4db260fb73088bd39939a424756e5e0c22) + +First, let's remind ourselves how the mortgage market works (Note - this is not meant to be an all encompassing summary, but at a high level providing a diagram of the flow of operations). + +To begin, homes can be bought with cash or are financed through three types of mortgages; Conventional (largest piece of the pie), FHA (Federal Housing Administration), and VA Loans (Veterans Affairs). If you are buying a home with a mortgage, borrowers will need to go to a Loan Originator to get their mortgage (e.g. Rocket Mortgages, Wells Fargo, Chase, etc.). The mortgages are then packaged into MBS's via a Bond Underwriter and sold on the secondary market to investors, utilizing ratings produced by agencies (e.g. Moody's, Standard & Poor's, etc.) to denote the amount of risk (AAA - highest rating). + +**Financing Breakdown (New Homes Q4 2020 vs Q4 2021)** + +Now, let's compare the 2020 financing type vs 2021. For new homes purchased in Q4 2021 (Depicted in the pie chart below), conventional has grown from approx. 70% to 78% (fun fact - the last time Conventional loans comprised this large of a percentage of the market was... you guessed it... 2008 Q1). This growth as driven by a shift from FHA loans, which declined from approx. 16% to a paltry 9%. VA loans also shrunk from 8% to 6%. Cash also rose from 6% to 7%. + +[New Home Sales by Financing \(US Census Bureau\)](https://preview.redd.it/uwt6azk015v81.png?width=702&format=png&auto=webp&s=8a48a0f82f71ad947f118f1ce8f5fecb40dafbd2) + +**Mortgage Rates - Current** + +So, if you have been paying attention, [Mortgage Rates Reach 12-year Highs](https://www.cnn.com/2022/04/21/homes/us-mortgage-rates-april-21/index.html)... at 5.2% for an average 30-year fixed. + +Why is this important? A Reminder from my previous DD... + +"if mortgage rates rise (due to high treasury yields), demand will decrease. If demand decreases, and at the same time supply increases, value will sharply decline." + +"Therefore, when overall housing prices go down, those who are overextended by buying investment properties or 2nd homes, will also sell to cut their losses. Expediting the home value decreases in the area. As the value of the homes continue to decrease, the default risks rise (even on what would be considered "safe"). As risk levels rise, investors who buy the MBS tranches will slow (It's important to callout that the government has been buying up MBS's, but they aren't the whole pie). + +When you see a lack of investors, the middle man will have difficulty selling the mortgages they wrote. Therefore, there's a 'kink' in the process. If the middle man can't get the risk off their books, they can't issue new mortgages, and if they begin to see their "asset" values (aka mortgages to sell) fall below their liabilities, then they are in significant risk for bankruptcy. + +Also, remember, if mortgage rates rise (due to high treasury yields), demand will decrease. If demand decreases, and at the same time supply increases, value will sharply decline." + +**TA/DR:** Mortgage Rates up, Demand down. + +Speaking of demand... + +**Demand - Current** + +&#x200B; + +[Demand is dropping to below pre-Pandemic levels](https://preview.redd.it/uxl6qlay45v81.png?width=768&format=png&auto=webp&s=6cad12c23eacc267c50768d36a372851a4c67020) + +Demand is falling rapidly, as buyer's expectations of housing availability worsen (due to lack of supply) and mortgage rates rapidly climbing. Only 20% of all buyers can afford 50% of the housing availability ([sauce](https://eyeonhousing.org/2022/04/buyers-feeling-grim-about-housing-affordability/)). Additionally, only 17% of buyers perceive their housing search will get easier in the months ahead ([which hasn't been seen since 2018](https://eyeonhousing.org/2022/04/buyers-perceptions-of-housing-availability-fall-back-to-2018-levels/)). + +&#x200B; + +[Median Household Income - Source US Bureau of Economic Analysis \/ Labor Stats.](https://preview.redd.it/gs6wrgui16v81.png?width=910&format=png&auto=webp&s=2bb6dd87f9479c26e184d6f0adbadfc0faba2eab) + +Also, demand is being hampered by the rising inflation, which is eating into the average American's share of wallet since Median household income has only increased by $6K since 2000 (adjusting for inflation), whereas housing prices... + +**Prices - Current** + +&#x200B; + +[Avg. Sales Price - Source US Census Bureau](https://preview.redd.it/zafvbzn075v81.png?width=1000&format=png&auto=webp&s=4f613f058a0f8fe291c6a7fd5bb6fb82598862b1) + +The average sales price continues to **rise**, even into 2022 with March 2022 seeing the 121st consecutive month of year-over-year increases (up 15% from a year ago). The **MEDIAN** (Note - chart above is average not median... [sauce for apes who don't know the difference](https://www.dictionary.com/e/average-vs-mean-vs-median-vs-mode/)), is **$375,300!!!** (up from $322,000 in 2021). + +So if demand is declining rapidly, why are prices up? + +Answer... Supply + +**Supply - Current** + +[Source Altos Research via the New York Times](https://preview.redd.it/5rfaws4q85v81.png?width=1010&format=png&auto=webp&s=23192071889d3ae986b963aeecb4050443554aab) + +The amount of homes dramatically fell in 2021, especially because of pandemic-related labor shortages, weather constraints, and supply chain issues for raw materials. However, housing starts have hit a 16-Year high (not seen since June 2006) with [1.793 million](https://tradingeconomics.com/united-states/housing-starts#:~:text=US%20Housing%20Starts%20at%2016,market%20forecasts%20of%201.69%20million). But, with the rising cost of labor (up 6% YoY) and raw materials (up 31% YoY), the cost to build these homes will dramatically rise. Making it imperative for the price of home not drop, in order to ensure contribution profit (less fixed-costs) remains intact for the builders to remain profitable. + +[Housing Starts - US Census Bureau \(25Y history\)](https://preview.redd.it/o6ml9sp2g5v81.png?width=734&format=png&auto=webp&s=3a515f4fa21c5d69841fcb128eee8eaeee1e7b4b) + +&#x200B; + +[Source: NAR ](https://preview.redd.it/gtk1r1ovj5v81.png?width=540&format=png&auto=webp&s=57be5e1266e6033773de28c314577d505e128907) + +Even though months of supply hit a 20-year low in January, the supply has been increasing back to back months in February and March. With the number of housing sales slowing (due to mortgage rates / lack of demand) and the supply increasing with new construction, we should see more homes available on the market in the later portions of 2022, and cool off the prices. + +However, what else can cause supply to increase rapidly beyond new home sales? + +**Part I - Foreclosures / Default Rates** + +[Mortgage Delinquency Rates - Source MBA](https://preview.redd.it/plqtvnlgc5v81.png?width=697&format=png&auto=webp&s=86d4142486a50613e101f675ba7aab67fcd0afc8) + +Using the chart above, mortgage delinquency rates continue to fall from their peak pandemic rate of 8.22% to 4.65% at the end of 2021, but remain on par with 2007 levels. It's imperative to highlight loans with 90+ days of delinquency (approaching foreclosure) still remain as the largest portion of mortgage delinquencies, albeit decreasing from 2.8% to 2.4% from Q3 2021 to Q4 2021. However, 30/60 Day delinquencies rose from slightly over the same time frame. + +Sounds like a rosy picture...but... let's dive a little deeper, and where we need to look is FHA (since these are the most likely mortgage type to default). Especially considering HUD officials in their annual report to Congress, warned that an elevated number of delinquent borrowers will not cause them to lower insurance premiums **AND** that foreclosures could cause home prices to drop... + +HUD reports that FHA serious delinquencies are down 33% from October 2021 to January 2022, falling from 632K to 422K ([Sauce](https://www.housingwire.com/articles/hud-says-fha-delinquencies-positive-sign-as-it-weighs-premium-pricing/)). That's good right? Well...depends... did foreclosures rise? Yes. Significantly. + +Mainly driven by the foreclosure moratorium ending (July 2021), foreclosures rates are now exceeding pre-pandemic levels with a total of 130,000 FHA homes being in foreclosure. FHA loans are not the only ones being driven into foreclosure, but the market are seeing foreclosures increase as a whole. For example, Q1 2022 vs Q1 2021, foreclosure filings rose 132%, with March being up 35% from the previous month and seeing the 11th consecutive month with a year-over-year increase in US foreclosure activity. It's imperative to denote that the 50K properties starting foreclosure processes in Q1 2022, remains only 57% of what Q1 2020 was (pre-pandemic). However, the sustained growth in foreclosures is worrying. + +So, once a house moves into foreclosure, how quickly does it hit the market? Well, that depends (state-by-state basis) but it can be as quick to 2-3 months until the auction date. Therefore, it's safe to assume additional supply will begin to hit the market in Q3/Q4 2022 and into 2023 (especially if forbearance rates continue to rise). + +**Part I - TL/DR:** Even though overall mortgage delinquencies are down, they are still hovering at 2007 levels, and we need to monitor 30/60 day delinquencies since they are rising. Foreclosures are rapidly rising, but still are below pre-pandemic levels, however this will impact the housing market in later 2022 as these properties will hit the market and increase supply. + +**Part II - Rocket Mortgages:** + +Well...I remembered getting a lot of hate because of my bleak outlook on Rocket Mortgages. So before I update you on the current situation, here's an "I told you so moment" ([Oh and Jimmy Chill](https://www.youtube.com/watch?v=FAEQW0qsPsg), another data point for the inversing his stock picks). + +[Jimmy Chill loves their \\"Management and business fundamentals\\" - March 2021](https://preview.redd.it/th9ix390p5v81.png?width=729&format=png&auto=webp&s=cd8b239afea1a227b7207d05ee6f5fb6c7084422) + +Alright, alright, nobody likes a gloater so let's delve into the details of their [10K](https://s25.q4cdn.com/509921419/files/doc_financials/2021/q4/RKT-10K-2021-Filed-with-Exhibits.pdf) in March 2022. + +So right off the bat, they have 41 pages of Risk Factors (GameStop 10K... 9 pages), doesn't prove anything but was an interesting factoid as I scrolled through a lot text. + +However, let's focus our analysis on the elephant in the room I spoke earlier about, Mortgage Rates. Here's what they had to say (prior to this dramatic rise in rates) as what would happen to their business. + +"As interest rates rise, refinancing generally becomes a smaller portion of the market as fewer consumers are interested in refinancing their mortgages. Higher interest rates may also reduce demand for purchase mortgages as home ownership becomes more expensive. This could adversely affect our revenues or require us to increase marketing expenditures to increase or maintain our volume of mortgages." (Page 26) + +"Borrowings under our financing facilities are at variable rates of interest, which also expose us to interest rate risk. If interest rates increase, our debt service obligations on certain of our variable-rate indebtedness will also increase." (Page 27) + +Furthermore, they are watching the Fed's quantitative tightening closely, because the Fed was propping up the MBS market by buying MBS's issued by Fannie Mae, Freddie Mac, and Ginnie Mae. Shrinking the Fed's balance sheet naturally will result in less MBS purchasing, aka slowing the secondary market (Creating a bottleneck in the balance sheet). + +**Condensed Balance Sheet** + +[Rocket Condensed Balance Sheet - 10K 2021](https://preview.redd.it/a54w41sds5v81.png?width=681&format=png&auto=webp&s=be02e21bcd9737fbf4819e2fe041e90967d645ab) + +Let's focus on "Mortgage loans held for sale". This is what Rocket is considering fair value of mortgages that they own and are expected to be sold into the secondary MBS market. + +**Why it's important:** With the Fed's quantitative tightening slowing down the secondary market, the 19B in mortgage loans held for sale, will remain on their books for longer. They need to sell their loans in order to drive their income, which took a hit btw in 2021, with their EBITDA decreasing 44.9% or 5B from 2020 (Page 59). This dive in EBITDA was driven by their sales margin being cut, causing their gain on loan sales to drop $4.6B or 30.5% from 2020. + +Also, important to note, the "fair value" can dramatically change. Home prices are still increasing yes, but as mentioned prior: + +1. Supply is due to increase - new home starts are at levels not seen since 2006 / foreclosure rates are on the rise +2. Demand is decreasing - due to poor consumer sentiment and inflation making less people able to afford a home + +**Part II - TL/DR:** With the rising interest rates slowing down home sales there will be fewer loans (originations and refinancing) due to higher interest rates, Rocket must spend marketing $'s to gain market-share or lower their loan standards to receive the volume of loans required to remain profitable. The secondary market will start to slow with the Fed's quantitative tightening, which will cause the price of the MBS to drop and rates to continue to climb (seeing as investors will require compensation for taking additional risk). Therefore, the United States largest mortgage lender is staring down the barrel of two headwinds, and continues to have a highly leveraged balance sheet (where if fair value for home prices drop, due to an increase in supply / decrease in demand), will be a recipe for disaster. + +**Part III - Bringing it all together:** + +1. Rising Mortgage rates spell trouble for the US Housing Market +2. Inflation is dramatically impacting both consumer spending and the cost to produce homes +3. Demand is sharply decreasing for homes +4. Supply is low currently, but will be increasing due to New Homes (housing starts are largest since June 2006...) and Foreclosures hitting the market (we are at 4.6% delinquency - which was same levels around the beginning of 2007, with 30/60 delinquencies slightly rising quarter over quarter) +5. The United States largest Mortgage lender (Rocket Mortgages), saw their EBITDA decrease YoY, even though they wrote significantly more loans (both new and refinances) in 2021 with the historically low interest rates +6. With interest rates spiking, loan originations will slow (won't appear in the statistics for 1-2 months since those purchasing homes potentially will have locked in lower rates from before) and mortgage originators will need to spend even more marketing $'s to capture market share or lower their standards. +7. The Secondary MBS market will slow with the Fed's quantitative tightening, and thus create an issue where MBS security prices will plummet and rates will spike since investors will need to be compensated for the additional risk they will be taking on + +**TA/DR:** Housing market still = bubble / Rocket Mortgage still = \[Chuckles\] "I'm in danger." + +**TL/DR:** Nothing is a "straight line" (as many of you know with the volatility of $GME), however, I believe my thesis is still valid and the warning signs are there that the housing market will have some serious volatility in the coming months / years. With mortgage rates spiking and the Fed's quantitative tightening beginning, the outlook for the United States largest mortgage lender looks bleak, spelling bad news for the overall housing market. Essentially, tick...tock on round 2 for a housing crisis. + +&#x200B; + +**Appendix:** + +"Rocket Mortgages is a highly leveraged company, who's own 10-K filing suggests that they are a ticking time bomb to destruction, if there are issues getting loans off their books, and is being pushed by MSM as a "BUY" by CRYMER. Which should give you complete confidence that any "anti" Cramer play around that time (cough $GME), is the right call." + +**Note:** + +I try to respond and incorporate feedback / commentary as nobody is perfect. Please let me know if there are holes / parts of my argument to improve, as I want to ensure that this is an iterative DD. + +**Edits:** + +1. Typo and wrote Quantitative Easing vs Tightening +Original post: https://old.reddit.com/r/personalfinance/comments/c4fr1c/checked_credit_report_and_noticed_a_collections/ + +So I was a bit worried about this issue and I received some good advice about what to do, however, it ended up being a pretty easy fix. I filed a dispute with TransUnion and Experian, Equifax didn’t report the account, so I had nothing to file, I’ll check back when my report is updated with them next month. While I was filing with Experian, I decided to give them a call, they told me to call the original creditor to find out if it was a discrepancy with the filing or if it were fraud. Rural/Metro of San Diego couldn’t find any history of the account and directed me to call the collections agency, something I was a bit apprehensive about doing, but I went through with that, and I am glad I did. I called and told them my predicament and how I had no knowledge of the account that they have in my name in collections, the lady at the agency told me everything about the original account, an ambulance picked up someone with my same name at a street in San Diego and dropped them off at a nearby hospital on 10/30/2018. I informed her that I have a time stamp from work on 10/30/2018 and that it couldn’t have been me. She then asked me my birthday, and that’s where we found the discrepancy. Same name, but different birthdays and somehow the account was put in my name. The agent placed the account in dispute, I sent them a copy of my ID to provide my date of birth, two days later, Experian resolves the dispute, and TransUnion was resolved this morning. The account was deleted from both reports. +I had a surgery in September 2017 and apparently a nurse in the operating room was out of network and my insurance paid only $168 of the $4,000 bill. I’m pretty angry that this is even possible, as I wasn’t notified beforehand that I would end up with this bill and don’t want to use my emergency fund for something like this. I don’t understand why they used a facility and surgeon and anesthesiologist etc in network but not the nurse. To make matters worse, I wasn’t even aware there was an outstanding balance until a collections company sent me a notice. They said they have already sent three notices and that the nurse’s office sent several notices (to an old address) but I did not receive them. I have until August 5 to pay before it is reported to the credit bureaus. What are my options? + +Edit: I can’t believe the amount of replies here! I’ve read every comment and appreciate the input and people’s general sympathy about how stupid and absurd this situation is. I’ve requested the bill and will make sure it’s itemized. I will call the hospital, insurance company, and surgeon in the morning and hopefully I can get something resolved ASAP. I will update again tomorrow if I’ve gotten anywhere. + +If anyone has advice on what to do about the collections, this is my main concern. I only have until August 5th and I will be trying to deal with this while I am out of the country for the rest of the month. I invest in real estate and am in a perpetual state of trying to buy property, so my credit score is incredibly important and I’ve taken very good care of it. + +Edit 2: I’ve called the hospital and they were not helpful. They told me they would send an “out of network letter” and had nothing else for me. +I called my insurance and they are resubmitting the claim to the claims department again to see if they will pay it, and said they would mail me an explanation of benefits. +I will call the collections company and tell them I am disputing the claim. I am going to call the nurse’s office now and ask them to withdraw the collections thing and give them the reference number I received from UHC showing that the claim has been resubmitted and that I am working on taking care of the bill. + +Edit 3: I have called the collections company and the person there was really hostile. The hospital did not have contact information for the nurse’s office and the collections company would not give it to me. +So my fiancée has been talking to her friend lately who has been going through some issues with her husband. He apparently has been asking his coworkers for help with their bills because he’s put all of his paychecks into his brokerage. + +For months, she has been wondering why her husband has been short on paying the bills until recently she has decided to check their joint bank account’s transactions. Sure enough this ape has withdrawn thousands of dollars they can’t afford to put into his RH account lmao. + +On top of that, she has also seen charges for Onlyfans too. + +Based off of what I’ve heard, it seems like it’s his first time investing. IMAGINE being such a dumb fuck you dump all of you and your wife’s money into stocks you don’t know shit about and into e-girls. + +If this retard is one of you guys, I applaud you on being at the bottom of the IQ scale and wish you the best of luck on your divorce. +**TL;DR** - Promotions to the S&P MidCap 400 have had cumulative mean returns of +9.7% from the time of announcement to the implementation of the change. Like with everything, there is no guarantee that this will occur, however, considering the typical price movement upon announcement AND effective change date, and the relative weight of GME to the indices’ total market cap (read: very little difference), my tits are jacked to the MAX. + +**Introduction:** + +The promotion from the S&P SmallCap 600 index to the S&P MidCap 400 is a VERY different animal than the promotion that GME had from Russell 2000 to Russell 1000. There was never any evidence that showed any potential price movement as I wrote in my previous post, [Watch out for Overhype on Russell 1000 inclusion: It may not affect stock prices as much as we hope](https://www.reddit.com/r/Superstonk/comments/o7qbds/watch_out_for_overhype_on_russell_1000_inclusion/). + +However, THIS time, there is significant data for the S&P promotion that indicates significant movement in the price of stock that face promotion on BOTH the trading day following the announcement (in the case of GME, July 28) and the effective date of the implementation of the change (in the case of GME, August 4) + +**What has happened to other stock in the past?** + +If a stock is promoted from the S&P SmallCap 600 to the S&P MidCap 400, the day after announcement sees an average of +6.7%. On the effective change date the promoted stock sees an average of +5.7%. Promotions to the S&P MidCap 400 has had CUMULATIVE abnormal returns of +9.7% from the time of announcement to the implementation of the change. From about 50-75% of the price movement that occurs up through the implementation date is PERMANENT and doesn’t revert back to pre-movement numbers. + +**What does this mean for GameStop?** + +Since the typical cumulative returns is roughly 10% over the course of a week between announcement and implementation, this could provide the price pressure that might ignite the fuse for MOASS. + +Look for strong positive movement tomorrow, July 28th, then again on August 4th. If this price pressure and visibility of the promotion to the S&P MidCap 400 affects volume, even a little, this has a strong chance to be the catalyst we’ve been waiting for and beat the average positive price movement that has been seen in the price. + +Unlike the promotion to Russell 1000, we will not be significantly net negative in total shares added by ETFs hinged on the S&P indices, which means we will NOT see the same downward pressure that we saw in the Russell promotion. The relative weight of GME to the total market cap of the indices indicate very minimal change in overall shares. And if the jackedness of my tits can be included as an indicator of GME price movement, then we are ready for launch. Buckle Up! Let’s GOOOOOOOOO!!! + +**Reference Docs** + +[GXO Logistics, Victoria's Secret & GameStop Set to Join S&P MidCap 400; Strategic Education, World Fuel Services & Lakeland Financial to Join S&P SmallCap 600](https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210727-1426761/1426761_4xpo6lb4wri64spin2.pdf) + +[S&P MidCap 400 Factsheet](https://www.spglobal.com/spdji/en/idsenhancedfactsheet/file.pdf?calcFrequency=M&force_download=true&hostIdentifier=48190c8c-42c4-46af-8d1a-0cd5db894797&indexId=410) + +[S&P SmallCap 600 Factsheet](https://www.spglobal.com/spdji/en/idsenhancedfactsheet/file.pdf?calcFrequency=M&force_download=true&hostIdentifier=48190c8c-42c4-46af-8d1a-0cd5db894797&indexId=2239) + +[Stock Price Effects of Changes in the S&P MidCap 400 and the S&P SmallCap 600 Indices](https://www.academia.edu/1590715/Stock_Price_Effects_of_Changes_in_the_S_and_P_MidCap_400_and_the_S_and_P_SmallCap_600_Indices) +AMA is now closed. Thank you to all the questions asked and answered. If you are a member of the media and still have more questions, please email press@blomburg.com we will have another AMA soon for those who still have more questions. +I get the buy and hold strategy, but with obvious difficult months ahead I couldn’t bring myself to sit and watch my portfolio go down- I’d rather sell whilst I’m up and sit on the sidelines for a bit. I sold most shares last week and finished selling this morning. Bought a surface sanitiser small cap for a punt- might put a trailing sell order on them at some point; not a long term purchase. + +I know this group is very ETF / buy and hold friendly. Feel free to rate my stupidity! I’d be keen to hear of others who have made interesting choices in light of unfolding events. +Looks like Robinhood sold out. According to this they will no longer show how many users are holding a stock and will be restricting access to the API. Looks like no more tracking for Robintrack...RIP + +How do you guys think this will affect the "meme stocks" we've seen massive runs in recently? I'm wondering if we will see these types of idiotic squeezes slow down. + +Source: https://twitter.com/Kr00ney/status/1291873556683534342 +I saw that there was a super cheap REIT on the TSXV (Toronto Stock Exchange Venture). I'm wanting some opinions on it or want to confirm I'm not missing anything. + +REIT's website: [Firm Capital Property Trust | Firm Capital](http://firmcapital.com/fcpt/) + +Dividend: [Stock Portfolio & Tracker - Yahoo Finance](https://ca.finance.yahoo.com/quote/FCD-UN.V?p=FCD-UN.V) + +&#x200B; + +* Ticker: FCD.UN / [FCD-UN.TO](https://FCD-UN.TO) +* Cost: $7.15 (Book value is $8.50) +* Share price is moving, and has been, moving upwards (Extremely slowly)... but its constantly climbing little by little (no huge drop aside from the 2020 crash +* Yield: 7.13% +* Dividend: $0.51 (0.043 monthly) +* Payout ratio: 25.23% - Yahoo! Finance +* Held by insiders: 8.16% +* Held by institutions: 3.81% +* Profit Margin: 132% - Yahoo! Finance +* Cash: $705.96k +* Debt: 239.03M + +# Dividend Increase: + +**The dividend is pretty small monthly but it does grow slowly year over year (+0.001 - 0.003)** + +* 2013 - $0.029 monthly +* 2014 - $0.031 monthly +* 2015 - $0.033 monthly +* 2016 - $0.035 monthly +* 2017 - $0.037 monthly +* 2018 - $0.038 monthly +* 2019 - $0.040 monthly +* 2020 - $0.042 monthly +* 2021 - $0.043 monthly + +It has consistently raised its dividends every year since 2013 + +# Some interesting things I found (Financials): + +* Cash flow is all over the place, Positive some years but negative others +* repays debt yearly (Which is nice) +* LARGE loss in 2019 but also its biggest investment year in properties (so understandable), amount used for investing has dropped back to normal the following year +* Cash provided by operating activities has increased a nice amount this year + +# Strategy is... weird (at least from what I've seen from a Canadian REIT). + +While most REITs I see/have invested in normally straight up own the property FCD.UN looks like it ONLY wants to have "XX% interest" in them as of their last 2 announcements. + +* "Firm Capital Properties Announces the Acquisition of a 40% interest in Toronto Retail Property with an institutional partner for 23.8M"- Sept 28, 2021 +* "Firm Capital Properties Announces the Acquisition of a 50% interest in a 242 Unit Condo"- Aug 3, 2021 + +I'm not complaining... I just haven't really seen a REIT only go for "X" amount interest over owning the property + +&#x200B; + +From website: + +" + +**As Property Managers, Firm Capital Property Management Corp. manages residential and commercial real estate. In addition to our commercial portfolio, we manage in excess of 3,000 residential units. We implement a high level of operating standards to all our properties. Properties under our management include the following:** + +* **Residential Apartment Buildings** +* **Multi & Single Tenant Industrial Buildings** +* **Leasing** +* **Retail & Commercial Properties** +* **Manufactured Home & Land Lease Communities** +* **Construction & Development Partnerships and Projects** + +**Investment Focus:** + +* Commercial Investment (Medical, Multi-Tenant & Strategic Situations) +* Multi-Residential (Apartment Buildings & Manufactured Housing Communities) +* Housing (Development, Land, Building, High & Low Rise) + +" + +&#x200B; + +Opinions? Am I missing anything? + +&#x200B; + +7% yields are pretty common on the TSX and TSXV(BMO ETF family normally averages 7%, ENB 7%, NWX.V - 18%, EIT.UN - 9%)so I'm not too concerned about the yield... but for something this cheap it just seems sorta suspect... especially with such a low payout ratio and raising dividends +Hey all, + +The title really says it all. I checked my credit score today and noticed my score dropped 80 points from a medical bill from about a year ago that was just sent to collections. Thing is, I never received a bill or notice of collections. + +I called the billing agency and of course my address was incorrect in their system. I asked them to recall the debt, however they said I needed to call the collections agency to do so. I called the collections agency- who also had my address incorrect- and asked them to remove the derogatory mark from my report if I paid the balance in full. The agency said they couldn’t remove the mark and that they would have to file a dispute with the reporting agencies in order to correct the issue. The agent said a dispute doesn’t guarantee a removal, though. + +I’ve paid the balance in full, but I’m extremely concerned about the huge drop in my score. I’ve been working hard to improve it over the last couple of years and this is a huge hit that wasn’t even my fault. I’m confused how I can be penalized for a debt I didn’t even know I had. + +Has anyone experienced something similar? How likely is it that the dispute will remove the error? + +Edit: Seems like the general consensus is that I definitely shouldn’t have paid the debt until I had everything figured out, and I should’ve pushed harder on the billing agency to recall the debt. Unfortunately, the billing agency is a tiny community hospital in a town with 600 people and it seems like they don’t really know what they’re doing. + +I’m really hoping that the dispute filed by me and the dispute filed by the collections agency will push the remark from my report. + +Edit 2: No, it was not my fault that the address was incorrect. My home address was listed as my mailing, my PO as my home. +My business partner and I developed our LLC earlier this year. We are located in MI. The initial plan was to buy a few multi families and rent out. We quickly noticed the lack of cabin style Airbnb’s and deer camps. We have shifted our views to that and have began finalizing finances for some cabins on 30-40 acres each. + +Unfortunately we just can’t build ‘em like they used to yesterday for $20K. So we will be buying existing ones, again the price is no longer $35K like yesterday. + +PS this is a serious post and I’m pumped. That original thread was just too good and had me in tears while scrolling Reddit in bed. Cheers! +I recently moved to Silicon Valley where I work as a DevOps engineer. Right now I make a bit over $100k/y, but I know there are people 5-10 years older than me making $200-500k and that kind of growth won't happen with regular raises. I have the general idea that I should be working on additional proficiences outside of work and looking at switching companies every year or two to keep my salary competitive. + +Are there any other things to keep in mind to facilitate high/steady salary growth? +**TL;DR - The S&P 500 is selected based on a historically corrupt committee, that change the rules as and when they please. GameStop will only be added if it furthers their cause. Why will we still MOASS? Well cause hedgies r fuk and haven't closed their shorts.** + +&#x200B; + +*Don't ya just love it when the TL;DR is at the top?* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + + +*Hello. This is* [u/justbeingpunny](https://www.reddit.com/u/justbeingpunny/). *You may remember me from DDs such as...* + +ah never mind, I just wanted to use the gag lmao. + +&#x200B; + +https://preview.redd.it/mylrdnpo6xk71.png?width=640&format=png&auto=webp&s=6cad5c17da8d205bf107db9ed36a9af9efc80db9 + +&#x200B; + +All you people talking bout the big league. The S&P500. Like they have a set of rules which allows us to just go dick swinging/c\*ntflapping our way in with the big boys and girls. + +I'd like to provide some wrinkle-istory on just why it might not be that easy. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The S&P 500 + +&#x200B; + +The big index. In fact one of the biggest indexes in the world, tracking 500 companies which are aimed to benchmark the US economy. (lmayo sure) + +&#x200B; + +or as they put it.... + +&#x200B; + +>*S&P Dow Jones Indices identifies important industries within the U.S. equity market, approximates the relative weight of these industries in terms of market capitalization, and then allocates a representative sample of stocks within each industry to the S&P 500.* + +&#x200B; + +Sounds pretty... + +*\*forward rolls in\** + +***standard...*** + +&#x200B; + +However, this isn't like the Russell indexes. They have a set of rules and requirements in order to transfer in and out of the indexes. The S&P 500? They have an anonymous committee which decide who go in and out. + +**AN ANONYMOUS GROUP OF INDIVIDUALS DECIDING WHAT COMPANIES ARE ADDED OR REMOVED FROM ONE OF THE MOST INFLUENTIAL STOCK MARKET INDEXES.** + +**WHATEVER THE FUCK COULD GO WRONG WITH THAT?** + +&#x200B; + +Do they have a set of rules? Well yeah, there's some requirements. + +&#x200B; + +Committee members have a few rules they follow when deciding to make changes in the S&P 500. Companies being added to the index must be highly liquid U.S. firms with a market capitalization of at least $13.1 billion, for instance. **Moreover, the committee has leeway in deciding on changes.** + +&#x200B; + +https://preview.redd.it/891tey3u6xk71.png?width=732&format=png&auto=webp&s=61d19851a90f85bed960254a1c1fd47de497cc27 + +# NOT SUPRISED ONE BIT + +# + +# What else could there possibly be? + +Pls read. Is rather funny. + +&#x200B; + +https://preview.redd.it/255ahztz6xk71.png?width=809&format=png&auto=webp&s=fb028dfd13bf5b367514f5a2da44159f90a565aa + + + +**So you mean to tell me that they can change the rules anytime they please in order to 'protect the market'.** + +&#x200B; + +How many times have these people acted in the interests to protect the market? I said in one of my previous DD's, Naked short selling was invented in order to protect investors from Pump and dumps. Look how that worked out. + +These people clearly know what to do in order to maintain and prop up the house of cards should individual companies fail to meet the rules. This clearly stops and prevents other up and coming companies from taking their rightful place. + +I can't see why this wouldn't be the case again. Who's to say the rules don't all of a sudden change due to market conditions. + +&#x200B; + +Why will we MOASS? + +*Because we were always going to.* +n00b here, just trying to make sense of things. I understand that gold is usually seen as something that retains value regardless of what else is going on, so how does this fit into the situation? Are people now more comfortable with other investments so they're moving money out of gold into stocks? What triggered this? + +I've heard mention of Obama's fiscal policy being the root cause, maybe I need a short ELI5 explanation for that too...(?) + +thanks much + +PS if gold is dropping is this a good time to buy into gold and/or companies involved in mining gold? +Looking into single family homes in the 300k range and the rents are nowhere near 1% of the value of the house. Maybe .7% at best. Is this rule for much cheaper places? Are single family homes not as lucrative for investing then? +The Target shopping app has a secret feature that makes it the best for online shopping. Unlike on the website, there is no minimum purchase for free shipping for RedCard holders. It's free to get a Redcard(no fees like Prime) and anyone can get one. There are two types - a debit card and a credit card but both give 5% off for all purchases. + +The free no-minimum shipping is a crazy good deal. In my experience it's usually about 2-3 days to arrive and the prices are generally the same as store prices. + +So, when you're too broke to get to the store and really need a new toothbrush or a bag of rice, Target will take 5% off and ship it to your house for free. + +🐕🌊SEADOGE is a Charity Token on the Binance Smart Chain with the aim to save our oceans. SEADOGE is a community driven project, fueled by altruistic marketers. The team clearly choose the name SEADOGE as a marketing gimmick but the cause itself is serious and the donation process as transparent as technically possible, with the aim to build a longterm partnership with SeaSheperd and similiar NGO's while building a network of celebrities of different industries to grow organically to a multi-million dollar crypto charity. + +There are ZERO team tokens minted and 100% of raised presale funds went into the locked liquidity. While having a turbulent start where a fake-contract got posted and people bought into that, the team was nice enough to own up to the FUD, were transparent about what happened and refunded all the people who were damaged by that mistake, instead of running away. + +Marketing just started. SEADOG was trending on TikTok with the support of the community and a few big telegram trading groups are involved as partners (e.g AcmeCrypto and others) . There are at least 2 big Influencers waiting on the Sidelines who will promote it for free. + +Team is in active talks with SeaShepherd about an official partnership, which might become reality as soon as the first donation will be sent. Plans for merchandise are in the making. Poocoin Ads about to start and a possible big marketing push at the World Ocean Day on June 8th. + +🌊**TG:** https://t.me/seadoge\_org + +🌊**Tokenomics:** + +45.5% Presale + +45.5% Locked Liquidity (100% of presale) + +9% Marketing (Vesting 6 months) + +Initial Marketcap: $33,000 + +99.9% of supply burned + +**🌊BSCscan**: [https://bscscan.com/address/0x419deba6d4647a4860da2eeba6584a9d815ba4a0](https://bscscan.com/address/0x419deba6d4647a4860da2eeba6584a9d815ba4a0) + +🌊 **Website**: seadoge.org +I’m having extreme difficulty reconciling the cost of a nice house in my part of the Bay Area with how much I make and my desire for financial independence. I keep running the numbers and a $2.5 million house seems affordable with $100K in savings a year still. That will get about 1800-2000 square foot 3 or 4 bedroom house build 80 years ago. If you want much nicer or bigger you’re talking $3M+. Moving to a cheaper area is not on the table due to my relentless pursuit of a short commute. + +Currently no kids but planning to start in the next few years for 2 or 3 kids. + +The banks are happy to loan me $2M but I’m worried about over leveraging and ending up cramping my modest but comfortable lifestyle, or having to work in big tech for the next 25 years. + +My goals are to continue to advance my career but I might want to take a few years off to work at a startup or make that video game I’ve always wanted, and be out of the daily grind all together bit before 60. + +Is there anyone that’s been through a similar situation that can share some sage advice? +Looking into the pros and cons of buying vacant land. Specifically land not designed for residential zoning. Theres quite a bit of acreage for sale on MLS. From what Ive read, cash is king when buying land, so a con would be cash flow. Also there's property taxes but from what I gathered, taxes on an un serviced piece of property are almost nil. I don't have anything to gauge land values over time so any information there would be appreciated too. +Hello Apes of the world! 👋 Diamantenhände's inevitable return marks the end of the weekend. Now each refresh of a GME ticker is *significantly* more likely to reflect a change (I know some of you are going through withdrawal). Let us unite and watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +###🚀 Buckle Up! 🚀### + + + + +- 🚀 [US pre-market is open!](https://finance.yahoo.com/quote/GME/) 🚀 +- 🟩 120 minutes in: **$237.70 / 196,30 €** +- 🟩 115 minutes in: $237.61 / 196,23 € +- 🟩 110 minutes in: $237.40 / 196,05 € +- ⬜ 105 minutes in: $237.06 / 195,77 € +- 🟥 100 minutes in: $237.06 / 195,77 € +- 🟩 95 minutes in: $237.09 / 195,80 € +- 🟥 90 minutes in: $236.73 / 195,50 € +- 🟥 85 minutes in: $238.03 / 196,57 € +- 🟥 80 minutes in: $238.40 / 196,88 € +- 🟥 75 minutes in: $238.46 / 196,93 € +- 🟩 70 minutes in: $238.52 / 196,98 € +- 🟩 65 minutes in: $238.46 / 196,93 € +- 🟩 60 minutes in: $237.73 / 196,32 € +- 🟥 55 minutes in: $237.43 / 196,07 € +- 🟩 50 minutes in: $237.46 / 196,10 € +- ⬜ 45 minutes in: $237.31 / 195,98 € +- ⬜ 40 minutes in: $237.31 / 195,98 € +- ⬜ 35 minutes in: $237.31 / 195,98 € +- 🟩 30 minutes in: $237.31 / 195,98 € +- 🟥 25 minutes in: $237.18 / 195,88 € +- 🟥 20 minutes in: $237.34 / 196,00 € +- ⬜ 15 minutes in: $238.24 / 196,75 € +- 🟥 10 minutes in: $238.24 / 196,75 € +- 🟥 5 minutes in: $239.76 / 198,00 € +- 🟩 0 minutes in: $239.79 / 198,02 € +- 🟩 US close price: $233.34 / 192,70 € *($237.10 / 195,81 € after-hours)* + + + +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.21089564. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I'm not trying to permanently take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. + +[Many have expressed concern](https://www.reddit.com/r/Superstonk/comments/nxlrcr/udergurkenraspler/) for the founder of Diamantenhände. I continue to attempt to contact him, but have not received a reply. However, I have heard from someone who knows our German friend. They have indicated that he is okay, but has some external factors that he needs to focus on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I’m 30 and my 401k is at about $20,000 saved so far in my life. + +According to the website of the company that manages my 401k if I contributed $18,500 every year until I’m 67 I’d still be at risk of not being able to retire, that confuses me. + +I want to retire someday and hearing people saying my generation will never retire is depressing. + +I will never be able to contribute $18,500 to my 401k, but even if I were doing it I’d be screwed it sounds like. What do +Hey y'all, + +Maybe you’ve seen me post here, or perhaps we’ve interacted, either way this post is something I wanted to share for a while now. +**If you are new to the sub, then welcome!** 🙌🏾 I’m happy that you want to make a decision to change your life. But at the same time, you’ll need to face the reality. 😬 + +I’ll be straight forward. Perhaps to some this has nothing to do with daytrading but since I feel connected to this sub I want to share this here. + +First of all if you want to become a daytrader you should be in it to create a better future for you and your family. Wanting to buy fancy stuff to brag about, it's a shame and a damn foolish decision. The priority has to be **financial independence**, if it's to make fast money you’ll be faced by many shocking surprises. + +Daytrading **can** be life changing, but **you’ll** have to change **first** before your life can. + +There is a huge misconception of financial independence, people think you need to become the Bezos and Musks of this world, and that is not the case AT ALL. +I know people who make 5k a month and are richer than Musk if you ask me. +Why? Well because their riches is not based on the money but the life they created for themselves. And they don’t need millions to create their perfect life, but still their future is solid. + +Start at the end and work backwards. *(pretty much the same with trading, which is why I find this so fascinating)* How do you see your future? Do you want to live in a penthouse in X city, a detached house in Northern Ireland (if that's even a thing lol), in a van or in the wilderness? I mean, it can be **ANYTHING**! It just has to be what makes you **genuinely happy** in life! Take your time and find that out. +Focus on where you want to be in X years and create/plan all the steps between your life now up to that dream life. Focus on what you **NEED** and not what you ~~want~~ to achieve that! + +It’s nice to make 100k a month, but that money means NOTHING if you don’t use it properly. There is a huge difference in having money and producing money steadily for years on end. **You need to learn how to create wealth!** + +Many people complain about taxes also. Pay your fukin taxes - Who cares, use the rest of the money wisely. You even have the option to move to another city or country. **There is a solution for everything!** + +The reason for this post is that when you switch your focus on why you’re doing something, things will start to change for the better. **It's all about perspective and mindset!** +Learn the ins and out of money and how it works and function. **Lastly, remember: money is a business on its own, treat as a joke, and you’ll remain broke!** + +I hope this can help some of you, as I see often people not being aware of the whole story of creating freedom for themselves. Go learn and makes changes you your life, your future self will thank you. +Cheers and happy weekend! ✌🏽😊 +I mean, they have so much invested in it that decoupling every EU country from the Euro would do more overall damage, imo, to investor confidence in the Euro region than any gains made from breaking with it. + +Anybody else agree? +Full source: https://www.recode.net/2018/3/6/17086244/netflix-worth-more-market-cap-chart-2017-ge-general-electric-ford-disney? +utm_campaign=recode.social&utm_content=recode&utm_medium=social&utm_source=twitter + +Am I the only one finding this absolutely mental? I get that Netflix have interesting prospects, but being valued more than the entire Disney company, which has the strongest IPs the world has ever known, parks, consumer products etc. and clearly a hand in doing something on-demand. +I had this idea.. What if Citadel has dirt on the DTCC and that's why they're letting this shit go on? + +My first thought was to look into any relationship between Kenny G and Michael Bodson, head of DTCC. + +**\*Insert 20 mins of DD, found no initial Kenny/Mikey connection, then decided to look into Mr DTCC's LinkedIn page\*** + +Michael Bodson worked for Morgan Stanley for 20 years from Jun 1986 - Jul 2006. Doesn't say anything about him before that. *How did he get this Managing director role?* + +Says from 1976 to 1980 he was in Boston College. Then there's a 6 year gap that says he's a managing director at Morgan Stanley. What happened between those 6 years? + +I'd like to know. + +**\*Insert Googling\*** + +[https://www.dtcc.com/about/leadership/board/michael-bodson](https://www.dtcc.com/about/leadership/board/michael-bodson) + +Says: + +*".. held a number of senior management positions with Morgan Stanley over a 20-year period. In his last position at Morgan Stanley, he was Global Head of the Institutional, Retail and Asset Management Operations Department. He previously served as Divisional Operations Officer for the Institutional Securities Group and Head of the Enterprise Information Group. He served as Head of Finance, Administration and Operations for Morgan Stanley Japan in Tokyo, and prior to that, he held similar responsibilities for Morgan Stanley Asia in Hong Kong. Prior to joining Morgan Stanley, he worked at Bear Stearns and Price Waterhouse. "* + +Wait wait wait... **hold up**. + +Michael Dodson, head of DTCC worked at Morgan Stanley. Prior to that he worked at **Bear Stearns**? + +And what the fuck is **Price Waterhouse**? + +YO I THINK I FOUND A RABIT HOLE!! + +**\*Insert Price Waterhouse Google\*** + +[https://www.pwc.com/](https://www.pwc.com/) + +*PricewaterhouseCoopers is a multinational professional services network of firms, operating as partnerships under the PwC brand. PwC ranks as the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG.* + +So many ways we can Google this.... + +Let's start with "michael bodson price waterhouse" + +It just keeps showing the same LinkedIn bio. Let's remove the bear. (giggity) + +Google: "michael bodson price waterhouse -bear" + +Ooo interesting: + +[https://www.dtcc.com/annuals/2015/pages/management-committee.html](https://www.dtcc.com/annuals/2015/pages/management-committee.html) + +CTRL+F "Price" + +Look what popped up: + +## Susan Cosgrove Managing Director, Chief Financial Officer + +Susan Cosgrove is Managing Director and Chief Financial Officer, leading DTCC's global finance and treasury teams and overseeing the company's efforts to further strengthen its financial processes and capital position. She is also responsible for procurement, real estate, corporate services and location strategy. + +Cosgrove was previously Managing Director and General Manager of Settlement and Asset Services, overseeing all depository businesses. Prior to this role, she was the General Manager for DTCC's Equity and Fixed Income Clearing Services. Cosgrove is a member of DTCC's Management Committee, and she is Co-chair of the New Initiatives Committee. She also serves as a member of the board of directors for Deriv/SERV, Omgeo and Pencil.org, a not-for-profit organization leading collaboration between business and education communities. + +Prior to joining DTCC in 1999, she served as a Senior Vice President at Lehman Brothers in charge of Audit and Compliance for the company's Americas division. Before Lehman, she worked at Maxcor Financial Group for 10 years as Chief Financial Officer and Head of Compliance. Cosgrove began her career as a **Senior Auditor for PricewaterhouseCoopers** in its Financial Services Group. + +&#x200B; + +Side note: This popped up in the middle of my researching... lmao + +[Coincidence? Maybe lmao](https://preview.redd.it/hby96j5jzex61.jpg?width=625&format=pjpg&auto=webp&s=18fedac97d4dc4e7d8a0a972e74a702b7cec9278) + +&#x200B; + +INTERESTING. + +So the DTCC has at least 2 people in Chief positions who worked for Price Waterhouse. + +This seems important. + +\*Google google google\* + +Found this: + +[https://www.theguardian.com/business/2011/apr/14/pricewaterhousecoopers-lehman-brothers-administration](https://www.theguardian.com/business/2011/apr/14/pricewaterhousecoopers-lehman-brothers-administration) + +&#x200B; + +[Price Waterhouse Coopers profited 322 million Euros off the collapse of Lehman Brother's. INTERESTING!](https://preview.redd.it/f642crekwex61.jpg?width=1261&format=pjpg&auto=webp&s=7037bf86950a947d207d8fe97e183d3b33a2b673) + +So wait wait wait WAIIIT. + +When exactly did Michael Bodson go from Morgan Stanley to DTCC? + +\*Alt+Tab to LinkedIn\* + +**Mar 2007** + +&#x200B; + +I FEEEEEEEL A WRINKLE COMING ON!!!! + +When did the whole housing market thing happen? + +\*Insert Google: Financial Crisis timeline\* + +[https://www.thebalance.com/2007-financial-crisis-overview-3306138](https://www.thebalance.com/2007-financial-crisis-overview-3306138) + +## February 2007: Homes Sales Peak + +## February 26, 2007: Greenspan Warns of a Recession, But the Fed Ignores It + +## March 6, 2007: Stock Market Rebounds After Worst Week in Years + +## March 2007 - Hedge Funds Housing Losses Spread Subprime Misery + +## March 2007 - Michael Bodson becomes Executive Managing Director of the DTCC + +*(It doesn't say that on the page, I just added in for dramatic effect)* + +&#x200B; + +Ayeee so Mikey got a \~\~puppet\~\~ **managing** position at the DTCC the same month banks started to realize they were fucked? After previously working at Morgan Stanley and Bear Stearns? Hmmm... + +And now we know at least 2 Chief officers worked previously at PwC which profited 322 million from Lehman's collapse... + +Let's google "PwC DTCC LinkedIn" and see how many more connections we can find. + +# Sharon (Krim) Hayes + +## Director FP&A at DTCC + +Manager + +## PwC + +## 1995 - 2004 + +## 9 years + +Boston, MA + +5 years in Audit practice then 4 years in M&A practice. + +&#x200B; + +\- + +# P.J. Savalli + +## Executive Director at The Depository Trust & Clearing + +**PwC** + +14 years 7 months + +**Director**Aug 2003 - Feb 2010 + +6 years 7 monthsNew York, New York + +Provided advisory serves to clients in the financial services industry addressing a range of Governance, Risk and Compliance (“GRC”) issues, including Enterprise Risk Management, Operational Risk, Credit Risk, Internal Audit and Internal Controls. + +&#x200B; + +* **Manager**Aug 1995 - Aug 2003 +* 8 years 1 monthGreater New York City AreaConducted financial statement audits and attestation engagements for Banking and Capital Markets clients. Executed and led risk management engagements for clients in the financial services industry. + +\- + +# Jennifer Ng + +## Data Privacy + +&#x200B; + +* **📷\*\*\*\*Director of Information Privacy** +* The Depository Trust & Clearing Corporation +* Nov 2013 - Present +* 7 years 7 months + +&#x200B; + +* **PricewaterhouseCoopers LLP** +* 17 years 2 months +* **Information Protection - Sr Manager**Jan 2005 - Oct 2013 +* 8 years 10 monthsJersey City, NJ + +# Mahesh Gutala + +## Associate Director at DTCC + +* **📷DTCC**10 years 3 months + * **Associate Director**Feb 2017 - Present4 years 4 monthsTampa, Florida + * **Lead Software Engineer**Dec 2013 - Feb 20173 years 3 monthsTampa/St. Petersburg, Florida Area + * **Senior Software Developer**Mar 2011 - Nov 20132 years 9 months +* **📷\*\*\*\*Sr. Consultant**First AdvantageNov 2010 - Feb 20114 months + +&#x200B; + +* **📷\*\*\*\*Development ManagerPricewaterhouseCoopers**Jul 2006 - Oct 20104 years 4 months + +&#x200B; + +&#x200B; + +**THE LIST JUST GOES ON AND ON AND ON!!!!!** + +&#x200B; + +I wonder... is there a connection between Citadel and PwC??? + +**\*Google: Citadel PwC LinkedIn\*** + +&#x200B; + +# Jimmy Huebner, CPA + +## Tax VP at Citadel + +* **📷\*\*\*\*Tax VP**CitadelNov 2020 - Present +* 7 monthsChicago, Illinois, United States + +&#x200B; + +* **📷\*\*\*\*PwC**8 years 11 months + * **Asset Management Tax Senior Manager**Jul 2020 - Present + * 11 monthsChicago, Illinois, United States + * **M&A Tax Manager**Jul 2018 - Jul 2020 + * 2 years 1 monthWashington D.C. Metro Area + * **Asset Management Tax Manager**Jul 2017 - Jun 2018 + * 1 yearChicago + * **Asset Management Tax Senior Associate**Jul 2014 - Jun 2017 + * 3 yearsChicago + * **Asset Management Tax Associate**Jul 2012 - Jun 2014 + * 2 yearsChicago + +\- + +# Caitlin Estes, CFA + +## Senior Product Specialist at Citadel + +&#x200B; + +## Senior Product Specialist + +## Citadel + +Aug 2020 - Present + +10 months + +## Intern-FSR + +## PricewaterhouseCoopers + +Jun 2011 - Aug 2011 + +13 month + +\- + +&#x200B; + +# Evan Slaubaugh, CPA + +## Senior Accountant at Citadel + +* **Senior Accountant**CitadelDec 2019 - Present +* 1 year 6 monthsChicago, Illinois +* **📷\*\*\*\*PwC**3 years 3 months + * **Financial Services Tax Senior Associate and Digital Accelerator**Jun 2018 - Dec 2019 + * 1 year 7 monthsGreater Chicago Area + * **Financial Services Tax Associate**Oct 2016 - Jun 2018 + * 1 year 9 monthsGreater Chicago Area +* **📷\*\*\*\*State and Local Tax Intern** +* &#x200B; + +**PwC**Jun 2015 - Jul 2015 + +* 2 monthsHouston, Texas Area + +\- + +&#x200B; + +# Lynn (Qingmao) Lin + +## Finance & Accounting at Citadel + +&#x200B; + +* **📷\*\*\*\*Finance & Accounting**CitadelOct 2020 - Present +* 8 monthsNew York, New York, United States + +&#x200B; + +* **📷\*\*\*\*PwC**2 years 10 months + * **Senior Associate**Jul 2019 - Oct 2020 + * 1 year 4 monthsNew York, New YorkAssurance | Asset Management | Alternative Investments + * **Experienced Associate**Jul 2018 - Jun 2019 + * 1 yearNew York, New YorkAssuarance - Asset Management - Alternative Investments + * **Assurance Associate**Jan 2018 - Jun 2018 + * 6 monthsNew York, New YorkAssurance | Asset/Wealth Management - Alternative Investments + * **📷\*\*\*\*Corporate Tax Intern**Lehman Brothers Holdings Inc.Mar 2015 - Dec 2016 + * 1 year 10 monthsJersey City, New Jersey + * **📷\*\*\*\*Assurance Intern -FSO**PwCJan 2016 - Mar 2016 + * 3 monthsNew York, New York + +&#x200B; + +\- + +# Steve Root + +## Financial Controls Manager at Citadel + +&#x200B; + +* **📷\*\*\*\*Financial Controls Manager**CitadelOct 2019 - Present +* 1 year 8 monthsGreater Chicago Area + +&#x200B; + +* **📷\*\*\*\*PwC**10 years 4 months + * **Manager**Aug 2016 - Oct 2019 + * 3 years 3 monthsChicago, IllinoisI'm a Risk Assurance Manager for PwC in the Chicago office with domestic and international public accounting experience. I've had a diverse industry focus from the start of my career, including Banking (3+ years), Payment Processing (2 years), Card Services (3+ years), Asset Management (4+ years) and Insurance clients. As a result, I have developed a deep knowledge of **clearing house**, card processing and financial services systems, as well as the **processes and controls that accompany them**. + * &#x200B; + * **Manager**Jul 2015 - Jul 2016 + * 1 year 1 monthLos Angeles, CaliforniaRisk Assurance Manager for PwC in the Los Angeles office. Focused primarily in the Asset Management industry serving clients with AUMs between $17 billion and nearly $2 trillion. As a result, I have developed a deep knowledge of the processes and controls of investment advisors. + * &#x200B; + * **Senior Associate**Jul 2012 - Jun 2015 + * 3 yearsLos Angeles, CaliforniaRisk Assurance Senior Associate for PwC in the Los Angeles office. Diverse industry focus over the years, including Banking, Payment Processing, Card Services and Asset Management clients. Built deep knowledge of controls related to business process and ITGC’s. Delivered dozens of SOC 1 and AT 101 reports, including multiple first year engagements where a full assessment of the control environment was performed from scratch. + +&#x200B; + +**Again, list goes on and on and on and on.** + +&#x200B; + +So wait.. I wonder also.. + +&#x200B; + +Has anyone from DTCC and Citadel crossed swords directly? + +&#x200B; + +**\*Google Citadel DTCC LinkedIn\*** + +&#x200B; + +# Gerald Beeson + +## Chief Operating Officer at Citadel + +* **📷\*\*\*\*Citadel**28 years 3 months + * **Senior Managing Director, Chief Operating Officer**Feb 2008 - Present13 years 4 months + * **Chief Financial Officer**Mar 2003 - Feb 2008 + * 5 yearsChicago, IL + * **Managing Director, Global Controller**Sep 1997 - Mar 20035 years 7 months + * **Accounting Associate, Finance & Accounting**Jun 1994 - Sep 19973 years 4 months + * **Intern, Finance & Accounting**Mar 1993 - Jun 19941 year 4 months + +&#x200B; + +**Member, Board of Directors**📷 + +## Member, Board of Directors + +## The Depository Trust & Clearing Corporation (DTCC) + +Jun 2005 - Apr 2010 + +4 years 11 months + +\------ + +AHHHH There u have it folks. The current COO of Citadel was on the board of directors at the DTCC while serving as CFO at the time. + +That's the last piece of the puzzle for me. I don't need to look any further. + +&#x200B; + +&#x200B; + +So let's review what we've learned: + +The DTCC AND Citadel are both almost entirely made up of people who worked at a company called PwC which profited 322M from Lehman's collapse. + +Former employees going back and forth between all 3 companies. Would be super simple to share information and palm favors. + +Like for example.. + +**Easily approving financial statements when Citadel obviously does SHADY SHIT**: + +[https://www.sec.gov/Archives/edgar/data/1146184/000114618419000002/CDRG\_BS\_ONLY\_2018.pdf](https://www.sec.gov/Archives/edgar/data/1146184/000114618419000002/CDRG_BS_ONLY_2018.pdf) + +&#x200B; + +[Did ya'll even read anything? I bet you didn't. I bet you just approved their financials and ignored all their naked shorting over the years because Cindy gave you a BJ at a frat party in 89'.](https://preview.redd.it/xnicek7l6fx61.jpg?width=1398&format=pjpg&auto=webp&s=fafdb5516b9e0beec00a8b789311157b2ab245f0) + +&#x200B; + +I started this trying to find a connection between Kenny and Michael but found myself going down a rabbit hole that any normal sane person would be terrified to post. + +&#x200B; + +[lmao last time I posted something like this, I got death threats. This one might be legit.. Pray for me guyz.](https://preview.redd.it/0t8g7tswcfx61.jpg?width=1223&format=pjpg&auto=webp&s=d46227fa9df5dd28a41b4e02f8e8e875b0fe879d) + +&#x200B; + +Just for shits and giggles let's see how far PwC is from Citadel. + +&#x200B; + +[MOTHER OF GOD](https://preview.redd.it/k8nboe66zex61.jpg?width=1484&format=pjpg&auto=webp&s=61865d4886121f7ed2ceefb5cf067f3483fe20b2) + +12 minute walk from PwC to Citadel. + +&#x200B; + +This is just my opinion but based on this information, I think this is the reason why things have been moving so slowly. This mini shadow organization that's made up of all these people who worked for the same firms, even interns went from 0 to 100 real quick. High ranking positions, probably as puppets for a larger entity. *"Do this and that when we tell you to, and on paper you'll be kings and queens"* + +What does this mean? What is the point? + +&#x200B; + +Based on the proposed legislation changes, it appears to me that someone's tired of their shit. And closing in on them little by little and they're running around terrified someone's gonna see through all their shady activities. + +If I'm right, and they realized shit was about to hit the fan, they'd probably be...... up late.... on the weekends.... shredding all evidence of their fuckery.......... Hey wait, aren't there pics of lights on at all these buildings??? + +&#x200B; + +&#x200B; + +**TL;DR: A company called PwC profited 322M Euros off the collapse of Lehman Brother's. This company had many many employees who went from working at PwC straight to DTCC and Citadel. PwC is 12 minutes walk from Citadel. The head of DTCC Michael Bodson used to work at PwC and Morgan Stanley and Bear Stearns. He started working for DTCC the same month banks started to shit themselves, March 2007.** + +**Gamestop is 2008 pt 2. Same players. Same tactics. Same strategies. Different company names. The end is near for all of them and they're most likely all freaking the fuck out worse than we thought. HODL.** + +&#x200B; + +*Edit: Thanks for the awards but I'd rather ya'll spend those on GME.* + +*Message to Citadel, PwC, DTCC, whoever else is involved:* + +*Yo, maybe I'm completely wrong. Who knows. BUT the longer this shit goes on, the deeper we apes will be looking. And we're retarded. We can't help ourselves. We'll keep looking and looking and pointing shit out. We are the uncomfortable autistic child in the room saying very uncomfortable things that the adults don't want known publicly.* + +*Everyone knows you're doing some kinda shady shit, no one can definitively prove any of it but... SOONER OR LATER we're gonna stumble on something LEGIT Legit. And it's gonna fuck you up real bad. Worse than what ever covering would cost you. So you're better off just covering so we take our tendies and go.* + +Edit 2: + +Of course shills are gonna shill. Ape they are the 4 big accounting firms. DUH that's the point. One or more of them are in on this bullshit but PwC did the last opinion on them. PwC has deeper ties. PwC as a whole may not be in on it, I'm saying a few key employees could easily do favors. Theres major corruption. Shills are missing the point that Citadel and DTCC are intimate together. Idgaf about PwC I'm saying this is a tie to DTCC and Citadel. +I FIRE'd about 18 months ago, with expected buying power of ~45K/year. Last month I decided I wanted to do a few fatFIRE things, so on a lark I texted my old boss and asked if he was interested in me returning. He said yes. + +And then the bottom fell out of everything. + +Random thoughts: + +* I'm down ~33%. This puts me on the upper end of leanFIRE territory. Another 33% and I'd have had to get a job anyway, just to avoid chewing my savings completely out of FIRE territory. + +* Happily, I wasn't wrong about my value to my former company. I asked to resume at my old salary, which was very high, and that was accepted without negotiation. + +* I did negotiate away the things I hated about my job before, so I don't expect to hate it now. I told my boss I was expecting to work maybe 3-5 years. + +* I can work from home, which is ideal. My industry is not directly affected by covid-19, although it does depend on consumption in general. I expect job security for as long as I want to remain. + +* I'm very risk tolerant when it comes to the market, so I'm hardly phased at the loss of value. I'm not even certain it'll come back at all. + +* I have very little confidence that anyone knows what the world will even look like in 20 years. For this reason I see little point in stressing about it. We'll roll with things as they evolve. I've been poor before and I'm not afraid of it. + +* I'll go back to maxing my 401K, HSA/etc, but I'm not going to save aggressively like before. Instead I'm going to travel to some exotic places (assuming they ever fly a plane again), and buy myself some very nice toys. I mainly just want to avoid selling in this market, in case it ever springs back. +Ethereum has a larger market cap than these: + +- Visa +- JPMorgan +- Alibaba +- Bank of America +- MasterCard +- Disney +- Nike +- Netflix +- Coca-Cola +- McDonalds +- Platinum +- And more…. + +Probably nothing. +So far she has changed her AppleID password, Email password, bank password and any other password that might match one of those. She also canceled her debit card of course. The only suspicious activity we’ve encountered is a $80 purchase on her debit. + +We reported the event on IdentityTheft.gov, and she is in the middle of reporting the event to the IRS and freezing her credit with Equifax, Experion and TransUnion. + +I’m extremely stressed from this and want to make sure she is as protected as possible. Is there anything else I am forgetting? + +Also since someone now has all of her information is it possible that they are able to get in and unfreeze her accounts? + +Thanks for any and all help! + +EDIT: Just wanted to thank everybody who helped me! I can’t reply to everyone, but I’ve read everybody’s comments and took a lot of your advice! All of the major steps are completed and should have most everything else taken care of tomorrow. +Bulb's official press release: https://bulb.co.uk/blog/bulb-special-administration + +Currently Bulb will continue to run until the administrator decides what to do + +[What customers should do if they collapse(BBC Link) +](https://www.bbc.co.uk/news/business-58662667) + +* Take a meter reading (photograph of the outside unit, not how much you've used this week) +* Get a copy of your most recent bill showing your balance. You might not be able to log in to your account (I couldn't today) +* Sit tight. Do not attempt to start a transfer to another provider. This will be done automatically over the coming months. + * In any case, the [government tariff cap](https://www.reddit.com/r/UKPersonalFinance/comments/q770um/does_anyone_know_the_actual_ofgem_unit_rates_and/) is the cheapest currently available, so you won't find a better deal elsewhere +* Do not cancel your direct debits + +Notes + +* If you already have a transfer in progress, don't cancel it. Depending on how far through you are, it will probably complete. +* Your energy will not be disconnected at any point. +* Any credit (or debt) in your account balance will be transferred to your new provider +Hi all, I’m well aware that I’m an idiot for this and it’s my own fault, but if I can inform one person then this is worth it. + +My partner and I rented a flat last year. Money was tight but I had just about enough to scrape together a deposit. However out letting agent (Leaders) recommended a ‘no deposit option’. Where instead of paying a deposit we pay a monthly fee. On the website it reads: + +“Our innovative No Deposit Option (NDO) is allows tenants to move quickly, and easily, with no rental deposit. Rather than paying a large deposit upfront, you can instead pay a small monthly fee* and enjoy deposit-free renting.” + +I naively assumed that this small monthly fee then went towards a deposit that is built up over time. But no, we paid the monthly fee for the pleasure of not paying a deposit. And now any costs at the end of the tenancy we have to pay on top of this. So now we owe them £700… + +I feel misled honestly; if I had known that this was what the No Deposit Option was (and the clue is literally in the name, I’m such a fool…) I would never have signed up to this. + +Roast me in the comments if you want I definitely deserve it. But hopefully my expensive lesson will help someone. +Hi All, + +This is my first post here. So I would like to apologize in advance for any stupid remark/question I might do. + +I've started recently investing in ETFs as I don't know much about security analysis, so I didn't want to put money on something I don't understand. But, I also found it quite boring... which I accept and understand. In parallel, I started reading more about stock picking and value investing and I would like to eventually start putting some money (max. 5% of my portfolio) on individual stocks. + +Now, I've been also reading about intrinsic value and how to calculate it and I would like to start practicing it and potentially find some undervalued stocks. But... where do I start? There are so many companies out there that it becomes overwhelming. How do you create a sort of shortlist to start analyzing some of the companies? What do you look for? + +Thanks in advance! +My goal was to write an in-depth post once my total investment balance hit the $1MM mark. I don't really have anyone to share this with since I'm single and have no kids. So I'm sharing the details with reddit. + +Also, I've seen people on the fence about taking a sabbatical and how it will affect their FIRE number. Along my journey to $1MM, I took 30 months off where I was not even contributing a single cent to my investment balance. I had the luxury of time in those 30 months and would not trade those experiences. Bottom line, "I should have worked more when I was younger," said no one. + + +**Breakdown of investments:** + +- Roth IRA: $216,639 +- Company 401k: $126,554 +- Rollover IRA: $509,739 +- HSA: $78,810 +- Individual: $72,309 + + +**Background:** + +My parents immigrated to the US when I was two years old. So my money lens was the pretty stereotypical asian immigrant parents, some adjectives to describe them: frugal, thrifty, modest, resourceful, and hard working. Ever since I was young, my parents groomed my siblings and I to go to college. They also emphasized grades and put us in supplemental tutoring. I ended up at a State university and graduated with an Electrical Engineering Degree in 2003. + +**Salary** + +&nbsp; + +| Year | Salary | +|:-----------|------------:| +| 2003 | 51,000 | +| 2004 | 54,000 | +| 2005 | 56,200 | +| 2006 | 58,400 +| 2007 |61,100| +|2008 | 63,200| +|2009 | 68,000| +|2010 | 70,400| +|2011 |74,300| +|2012 |80,000| +|2013 |82,800| +|2014 |0| +|2015 |0| +|2016 |60,000*| +|2017 |91,350`| +|2018 |94,184| +|2019 |96,236| +|2020 |99,797| +|2021 |102,790| + +&nbsp; + +*Started in Oct of 2016 + +`Switched jobs + +**2003-2014** + +I religiously invested my the company 401k. I clearly remember my peers were only putting in the company match while I was putting in double digit contributions. I think this is one of the most contributing factors in hitting the $1MM mark despite taking 2 years off from work. The early contributions did the heavy lifting for growth. Most of the money was a mixed of small cap, S &P 500, and company stock. In 2008, I remember the company offering a HD health plan with an HSA account so I took full advantage of that and invested the money in the HSA. I recall some of my peers were too lazy to invest the money in their HSA or had little money in their accounts. + + +**2014-2016** + +I don't exactly know what instilled the travel bug in me, but I knew I wanted to travel long-term and there were things I wanted to do on my bucket list that I could not do with vacation time doled out my corporate America. I think in late 2012 and in 2013, I started saving as much as I could. I clearly remember on rare occasions I would eat out, my friends would quip on how I wouldn't drink. I think I spent around $55k or so in those two years and I DO NOT regret spending the money nor the forgone opportunity cost of working and investing. In fact had I not quit, I have never thought of the time off as what if I didn't quit and kept working. It something I don't dwell upon. If I had not quit, I would have been miserable going through the grind. + +After taking the time off and returning to a full-time job, my mind was so much more at peace and calm. I felt accomplished in completing a life long goal and after those two years, it made me prioritize things in life such as experiences and cutting out the craps like consumer goods. I felt like I accomplished the goal of retirement while others were slogging away at work. There was a comforting feeling knowing that I could quit or be laid off and still make ends meets since I had lived two years with no income and any modest savings I had could be used to living expenses. + +I've seen some posts in here about taking "mini-retirements" or sabbaticals, I would highly encourage anyone to do so. The mental health benefits outweigh the opportunity cost of working and invest. I clearly remember, the last day of work when before my mini-retirement, it felt like that last day of school just before summer vacation. That feeling of "done." When was the last time you felt that? I do understand not everyone is a position to take a mini-retirement, but if you are contemplating it, just do it. + +The only investment related thing I did during my mini-retirement was convert some of my rollover IRA to a Roth IRA while my income was $0. That way I'm making gains in the tax advantage department. + +My asian parents were surprisingly supportive of my mini-retirement. I saved up the money and it was up to me to decide how to spend it. Though, they did keep asking when I would get a job and get married and all that stuff. + +**Housing** + +I bought a townhouse in 2005 and I rent hack by renting out the individual rooms to other budget minded recent college grad. The value of the townhouse grew a bit, but I still cannot sell it for what I paid for it. It's almost paid off and I have not included as part of my investment totals. + +**Car** + +I shot myself in the foot out of the gate bought a new F-150 truck with my new job, I was working a lot of over time and could almost pay cash for it that's how I justified it. It was around $28,000, but I kept it for 10 years with 192,000 miles and sold it for $7,500 in 2014 just before I quit to travel. In 2016, when I returned to work, my retired dad gave me his old Honda CRV with 135,000 miles on, which I drive to do this day. It wasn't a completely free car, there was some issues and I had to spend some money. I think in total I spent around $5,500 in sunk cost(oil changes, transmission fluid, brakes, new tires, battery) and repairs for an old car. I got around 100,000k miles out of that and plan to drive it to 300,000k. Had I not bought a truck and something more economical, I think I would reach the milestone quicker. + +**Bottom line** + +I'm part of the 2 comma club and there's no right way to reach the milestone. I'm sharing my journey and hopefully someone can take inspiration and say "this guy did it with taking a mini-retirement." There's more to life than reaching a black and white number on a computer screen. + +**Townhouse Value** + +I bought a townhouse in 2005 for $183k, there's about $36k on the mortgage. It's worth about $170k. So I have about $134k of equity there. The value of the townhouse has slowly been rising. + +**Future Plans** + +I'm currently employed and my happiness level is alright. I'm not mfing my current place of employment yet, but I'm still saving and taking trips and splurging here and there. I do want to get to the point of [MFJ](http://myfinancialjourney.com) where his investment balance is growing by $100k per month if not sooner. He has stopped posting monthly updates presumably because he has reached his goal of $2MM by the age of 40. + +EDIT: formatting, Added townhouse value, and future plans +Hi I'm selling a item on FB marketplace. + +Somebody has said they will send the cash to me via a UPS express delivery in a envelope. Once I have the cash they will send another courier to pick up the item. It's very suspicious but if I don't hand over the item until I have the actual cash how can it be a scam? + +This is his message: + +'Let me explain you will receive money in cash envelope which will be sent via the UPS EXPRESS courier delivery service to your home address the UPS company will send a factor to your postal address to pick up the parcel and your deposited your money then ship me to my Shipping address afterwards, hope you understood me? + +That is to say I send you the money by UPS in cash, and once you have received the money, the service will collect the package from your home at my pense' +So after being semi-flamed and semi-helped for my first post. I finally bought my first GME stock today. This one I bought from Tradegate (hope that is fine) and I am planning to stock up on 1-5 from NYSE once my paycheck is in end of the week. + +Hope I can do my part here :) + +And yes I also came over from crypto but I don't see anything wrong with that. I hold both now, Crypto and GME. Since I don't trust banks I believe that decentralizing everything in Crypto in a way supports what we stand for (also possible GME gains go right into my crypto wallet after holding until the hedges bleed) + +Edit: Thanks everyone for the support! This sub is amazing! I actually added another 3 (2 through NYSE and 1 more through Tradegate) this morning. Make the hedges bleed. +Most recession proof: + +- job - any health care role +- industry - health, gambling + +Least recession proof: + +- job - Talent Acquisition +- industry - Travel + +I’m curious what others think with the shaky outlooks on the horizon. I work in the tech industry (cyber security role) and its definitely feeling it at the moment https://layoffs.fyi + +Edit: I worded the above poorly sorry, I mean the tech industry feeling it, not cyber roles lol. +Morning you lovely people, + +Long time follower but first time posting so aware this post is a little unorthodox for the group and apologies in advance. + +I’ve volunteered at a food bank for a number of years now and with the dual Christmas approaching/ end of furlough scheme we’re already noticing a huge increase in clients. + +I know a good number of people in this sub are more financially savvy than the average Joe so any support to your local food bank would be greatly appreciated over the coming months. This doesn’t need to be food donations or money, often a few hours of help with deliveries are more sought after. + +Apologies again for the plug, if anybody needs any help contacting their local food bank or further ideas please let me know! +**Welcome to HungryApe! 🦍 🔥 Created in April 2021, HungryApe is a Meme/Charity token made by the community for the community made on the BSC which is powered by safe, smart, and strong APEonomics to help us ape in and reach the moon!** + +**🦍Don't miss out on a x100 moonshot!! HUGE POTENTIAL and RUG-FREE!!!🦍** + +**APENOMIKS 🦍** + +* **Total Supply: 1,000,000,000,000 (1T) 🦍** +* **Presale: 300,000,000,000 (300B) 🦍** +* **Burnt: 150,000,000,000 (150B) Soon to be burned after the presale 🦍** +* **Liquidity Locked (For a year) 🦍** +* **Charity Wallet: 40,000,000,000 --- Will be spent on Dian Fossey Gorilla Fund 🦍** +* **1% Burn per transaction 🦍🔥** +* **1% Distribution to holders 🦍💨** +* **Audit imminent 🦍 🔜** +* **Huge Marketing Campaign going on 🦍🌎** + +**Website: 🌎** + +[**https://hungryape.finance/**](https://hungryape.finance/) **🦍** + +**Telegram: 👀** + +[**https://t.me/Hungryape**](https://t.me/Hungryape) **🦍** + +**BSC Scan:** + +[**https://bscscan.com/token/0xc84c177ac200461e6a7208a3a1073538036d0779#balances**](https://bscscan.com/token/0xc84c177ac200461e6a7208a3a1073538036d0779#balances) + +**Subbredit: 🦍 🔥** + +[**r/HungryApe**](https://www.reddit.com/r/HungryApe/) +So the daily mail are reporting that interest payments for our £2.4tn debt will be £19.4bn. + +So my question is who are we paying interest to? Isn't it the BOE? Which is technically us? Or am I wrong? +i have been trying to understand how the fed manipulation increases the value of the stock market. my understanding is the fed is buying corporate debt. but the fed is not directly buying stocks. so how exactly does the fed pump up the stock market when mostly its buying t bills and corp debt i never understood this? +A few years ago I used to think 2-3 cr would do the job but now I'm worried I'm probably underestimating the requirement. I have a home, no loans, a wife and a kid (dependents). + +While I know this would vary from person to person, I want to understand different perspectives based on your own targets/plans. +ETH has already broken out of its triangle if ETH keeps the rally up we might see it going to 0.10 ratio which is upside of 35% from here. + +Source: https://twitter.com/crypto_birb/status/1465857904041410567?s=21 +Hey guys, I've been away for a few days, but judging by the looks of things in the Daily, even some old hands are starting to get *pissed and angry* at ETH's price decline and the fact that it has not yet solved world hunger, or even work all that well at scale yet. And by the way, that decline is not unique to ETH, but really a sector-wide decline affecting all cryptos. Yes folks, our hype cycle has burst, and this is what the other side looks like. And I still consider this a baby hype cycle compared to what is coming. + +And that's precisely why I remain so excited. We got as far as we did on what has basically been a useful prototype. What happens when (which you should probably read as "if") it all works at scale and really does start to address important, broadly applicable use cases (both via L2 and L1 scaling)? What happens when real world and new virtual world assets start getting tokenized onto Ethereum? What happens when mainstream financial institutions *really* get into this market and EEA participants start to launch working blockchain initiatives on Ethereum? If all of that happens, as I think it will in the next couple of years, 10x to 50x and beyond from here *may* be in reach for that next cycle. I know those are big numbers, but this is a big idea / technology, with ramifications we can't really understand (just like the nascent internet). + +I say we're [just entering the trough / valley of despair](https://bravenewcoin.com/assets/Uploads/four-stages-chart.jpg) for this hype cycle and still have a ways to go. And yes, that means the price could fall further. And for that to happen, some of you cranky old hands who expected to retire this year in December are going to have to straight up drop out of this market for me to feel like a true bottom is in. I don't think we're there yet. Then again, I could be completely wrong and maybe our bottom is already in. I have no idea, I'm just a guy on the internet who happens to really believe in the potential of the technology and is trying to make some smart, long term investment decisions. + +As for me, I'm as cool as a cuecomber [sic] at the moment. I sold about 10% recently to take advantage of tax loss harvesting, and will likely redeploy it over a matter of weeks or months by DCA'ing, and faster than that if we go sub-$400. As for the rest of my ETH, I ain't touching it, unless a useful tax loss harvesting opportunity comes up, and ETH would have to fall a looong way for that to happen. + +So how low do we go? I have no idea. But I'm fiscally and mentally prepared for as low as $100. I would be fairly shocked if that happened, and tend to think of $300s as the lower end of where we might end up, but like everyone else, I really have no idea. If you think you might sell it all if it drops to $100, $200, or $300, then do yourself a favor and just *sell it all now.* + +What I can tell you is that the next run, whenever it happens, could very well be *epic*, on a scale that is unfathomable to most of us. If you don't understand this technology, take the time to learn about how transformative it could be. Don't over-invest, but invest wisely with money you can afford to lose. Success is not guaranteed, but I still have never been more excited about any investment opportunity in my lifetime. + +This game isn't for everyone, and if you're going to bow out, just do it now and get it over with (I suggested that at $600 to $800 as well by the way, and I still mean it). But if you're still in a few weeks from now, consider yourself in for the long haul. And strap in: this won't be a straight line sloping moderately up type of deal. It's going to be (possibly) further precipitous declines, followed by quiet boredom, followed by an *absurd* spike up that many people are going to miss. Then, it will probably all happen again, and again until this technology becomes stable and boring (we are likely decades from that point, by the way). + +Play the long game. Or get angry and capitulate. There are merits to both approaches. Which one you choose depends upon your temperament and your risk tolerance, just like every other potential wealth creation opportunity out there. Think long term, understand yourself and your goals, choose wisely, and focus on making the rest of your life as great as you can. Your future self may thank you profusely. +Something I was never offered in high school and I wish I was, was a driving class that you got your hands dirty with. Luckily, I have some very mechanically talented family members who I’ve been able to walk through issues with. I have the ability to change my brakes or change the oil. Other than that, I’m not very useful with my hands, but I at least know some basics in terms of different parts on a car, what they do, how they help other parts function, etc. + +If you can get with someone you trust, watch them work on a car or have them walk you through how to do it yourself. I see it more and more now. Younger kids (and it’s not just reserved to that age group) know absolutely dick about cars and it’s not a good thing. Did you invest four digits into your car? Maybe you splurged and invested 5 digits. You bought a reliable Honda or a Subaru for $14k because you’ve heard good things and you want a car to last you for awhile. If you’re willing to invest that kind of money into something you use every day, you need to invest the time to learn what makes the thing tick. + +Aside from knowing how to change a tire, you should look up resources online to see what makes the car go vroom vroom and not fek....feeeek....fekfekfek... + +Knowing something simple like the difference between drum brakes and disc brakes could save you asinine amounts of money at a later date. + +Edit: SOME Mechanics appear to be increasingly shady these days and they can and will take you to the woodshed if you’re not careful. My dad once had an issue with his suv... the mechanic said it needed a new engine. He took it to a trusted friend and it just needed a valve adjustment. Almost 7 years later and that car is still running. That’s roughly $5-10k in cost compared to a $100-200 valve adjustment... + +EDIT: NOT ALL MECHANICS ARE BAD, BUT ONE BAD EXPERIENCE CAN PUT A SOUR TASTE IN YOUR MOUTH. + +When I was in college I got a routine oil change at a national tire and battery. Dudes told me I needed to have calipers put on my rear brakes. My brakes were drum brakes. Drum brakes don’t have calipers. Knowing this simple factoid about brakes helped me save probably $300-500 and honestly who knows what the fuck they would have done had I let them work on my brakes. + +Again, if you have time time to search and purchase a multi thousand dollar car, then you have the time to do research and learn about what you’re driving. Do it. You may find that you’re actually mechanically inclines and enjoy working on your vehicle. It could save you a few bucks or maybe even a few thousand bucks. + +I can not recommend https://haynes.com/en-us/car-manuals enough. These guys write complete guidebooks and complete breakdown and repair of many models/makes of cars. You can quickly become an expert on what your car is by reading these. Sure you may not be able to do the work, but you’ll know what makes your car tick and it will help you be a better informed consumer, especially when trying to find good mechanics for the more complex stuff. + + +Edit: I’ve changed the mechanic/trust part a bit because people didn’t like the perceived generalization. I’ll repeat it here: not all mechanics are shady. Good mechanics are great, but if you have one bad experience it’s souring and really effects someone and makes it hard for them to find one they can trust. Do your research. Talk to the mechanic. +I know their mortgage company and am about to come into a large sum of money. If everything does go successfully I would like to pay off their house or very close to. Can I just call their mortgage company with their information and send a check for their account? I cannot express the depth of their compassion/giving/help they have given me. Once this is paid they will have 0 debt and everything in their life besides utilities and health insurance will be paid off. + +Edit: thank you many for your advice and tips! If it matters they are both retired and worked for the state for their whole lives so they have a very good retirement. The last I asked my mom she didn’t know but she assumed it was around $98k left on the mortgage but mathematically it has to be less. I want to figure out how to find out their mortgage company without snooping so we will see what happens! I will update when I am sure + +Edit 2: I simply asked my mom where her mortgage is from, she told me I contacted them and I need their SS, which I can easily get. She continuously complained that she felt her mortgage would never end. It made my stomach go in knots. I am not able to pay it today but hopefully in the very near future. I am looking forward to it. +What is your typical monthly returns selling options? I love doing.. is it reasonable to earn say 4-6k/month selling with a 200k account? + +I enjoy selling weekly options and to close out before Friday and sleep in peace over the weekend! +I thought I'd share this story with PF to help others learn from the mistakes made along the way during an attempted 401(k) rollover. Additionally, I wanted to call attention to the process failures on the parts of both Fidelity and Prudential (now Empower). + +Background: I get a new job and decide to roll my previous employer's 401(k) over to my new employer's 401(k) plan. This was from Fidelity to Prudential (Empower) (I'll be calling them Prudential mostly). In hindsight, when I made this decision, I thought rolling over to a 401(k) would be better than an IRA. More on that later. I began to take notes with dates & names after the first month of issues. + +**12/21** + +Sometime in December I initiated the rollover. I called Fidelity, they did some combination of phone / emailed forms to initiate this rollover to Prudential. Note: Phone calls are error prone and a bad idea to initiate important transactions. More on this... Prudential assigned me a rollover specialist. After December, this person never responded to me again (neither calls nor emails). + +**1/22** + +In early January, I receive a physical check in the mail for my 401(k) total (a 5 figure sum) with instruction to send it on to Prudential so they can deposit it. What I didn't notice was that the check was made out to "Principle", which I interpreted as some financial institution jargon for the "principle account holder" or w/e. The more financial savvy readers are beginning to see a problem... + +I mail this check on to Prudential. + +**1/16/22** + +The funds were still not reflected in my account. I called Prudential to see what was going on: +> "We haven't received a check." + +I call Fidelity: +> "The check is showing as cleared." + +Uh oh. On the advice of Prudential, who say it may just be a lag in their back office, I wait and call back in a few days. + +**1/20/22** + +Fidelity maintains that the check has cleared and is gone from my account. Prudential now has located the check: They tell me they couldn't cash it because it wasn't made out to them, but was in fact made out to "Principle Financial Trust" which is an entirely different organization. I'm getting conflicting information (has been cashed/can't be cashed). A second rep at Prudential explains that they'll send a "refund check" to Fidelity. + +For some bad reason or another, these companies must all still deal in physical checks like a dinosaur. That means that a good amount of time is spent waiting for the full 10 business days for the checks to be bounced back and forth between the two companies. + +**1/31/22** + +Fidelity hasn't gotten the check yet. Prudential confirms an address they "think it is supposed to go to". + +**2/7/22** + +Fidelity has still not received it, doubles down on the original check being cashed. Prudential says they'll cancel the check and re-issue it, sending it again. + +**2/10/22** + +A third voicemail left for my assigned Prudential specialist. No responses. I do finally learn from the main line what happened to the original check: Prudential's bank bulk cashes all checks they receive. Only after the fact, when they realized it wasn't made out to Prudential, did they decide to not release the funds to my account. So they had the money. It was cashed, they just wouldn't give it to me. And it was gone from Fidelity. + +**Next 30 days** + +For the remainder of February and first half of March, I continue to call once a week for updates: Prudential cancels and re-issues a couple checks because Fidelity says they're not receiving them. We try various addresses (btw Prudential refused to ever use express mail to accelerate this process, so every iteration of check took ~10+ days to see if it was received. Thanks for the customer service...). + +**3/10/22** + +Turns out, Fidelity has in fact been receiving the checks, but failing to give notes regarding why they are not accepting them, without informing me or Prudential, etc. The back office (accounting) and the customer reps were siloed. Fidelity can't accept the refund checks because the work account has been closed. So they just throw away the checks. + +I get on a 3-way call with reps from both Fidelity and Prudential. They "mastermind" a plan: They'll send the refund check to my existing Fidelity IRA account (which currently has a $0 balance). + +**3/25/22** + +The check is still not in my IRA. Oh boy. Turns out Prudential didn't actually mail the check until 3/16 (wtf were they doing for 6 days?) so I should check back in a few more days. + +**3/31/22** + +Fidelity has apparently received the check (I learn this, as with all things, by calling them on my time)! But it's not in my account yet. Weird. They cooly say check back in a couple days; this is totally normal. Yes, I'm sure this is all totally normal. + +**4/5/22** + +Still not showing up in my fidelity IRA. I call. Turns out, the IRA can't accept the check because I closed it some years ago (should I have remembered that myself? Yeah maybe. But why on earth did Fidelity suggest this plan in the first place in that 3-way call if it wasn't going to work?). Note, yet again, that they were apparently not going to tell me this. I had to call to learn this. Where is the followup? I re-activate the IRA over the phone and am told the rejected check is on the way to my address. I can deposit it from my phone (hello 21st century!) when I get it. + +**4/15/22** + +I finally receive the check to my personal address. I deposit it into my Fidelity IRA. A day later, my retirement is reflected in my account for the first time in 5 months. I made plenty of mistakes along the way. But so did Fidelity and Prudential (Empower). Recall my original goal was to get this money into my 401(k) with Prudential. But now that it's finally back in my hands, and doing further research, I might just keep it in my Fidelity IRA (still need to compare fees). + +**Epilogue** + +Sometime around February, because things still aren't adding up, I start to get creative; I contact Principle Financial Trust to see if somehow they received the original check (that was in fact made out to them) and cashed it. I worked with a very kind, thorough rep who followed up every day proactively with updates to his investigation. I wasn't even a customer of theirs. This ended up being a dead end (they never received the check) but I was impressed that this person was more communicative and responsive than the 20 or so reps I spoke to at Fidelity & Prudential. I had to remind Fidelity and Prudential of my issue on a weekly basis to keep the ball rolling. **This** was the biggest issue I took with Fidelity/Prudential (now Empower). I am fortunate enough to have noticed my missing money. And I am fortunate enough to be decently financially savvy. And to have time to call each of them once a week for 4 months. **Not everyone has all of those things.** How many people have been affected by the lack of follow up? And how much retirement money has been lost due lack of follow through? I hope both organizations work to improve their processes. The individuals I spoke to were kind and sympathetic, but the rigid system through which they worked prevented meaningful progress to resolve my issue. + +There is some sweet mixed in all this bitter: I dodged about an 11% market decline because my retirement was all in cash. +I thought the only way to be sustainable is to buy fixer uppers, unoccupied, foreclosures that are below market rate. + +These people that come in and beat your offer by a few thousand only to put in minimal upgrades and re-list a month later for 20% more — are they just banking on quick appreciation? Seems like an easy way to get burned really badly, but I’m willing to guess they know something I don’t. They obviously have a lot of cash, so I’m more so interested in how this is a sound long-term strategy? +I currently work within a fortune 100 company’s Computer Security Incident Response Team as a security analyst. + +As more and more newbies jump in the field, I wanted to share some security tips outside the typical “not your keys, not your wallet” type security as there’s other ways to be hit + +1.) [haveibeenpwned.com](https://haveibeenpwned.com/) enter your email and see what data breaches your email(s) have been apart of. I recently helped a fellow reddit user who said his account was hacked, turns out he was part of a breach where a crypto site was hacked and his password was exposed, he reused this password on another crypto site that the attacker crossed referenced with his email / pass from the other site and didn’t have 2FA activated. + +With that don’t reuse passwords, and use auto generated passwords / store them in a encrypted password manager (I use [KeePass](https://keepass.info/)) + +2.) Every single program/software is essentially a attack vector, keep your OS updated, keep your software updated, and uninstall ANY thing you don’t use anymore. Just look up the SolarWinds hack and see how supply chain attacks work. + +3.) Don’t download random stuff from this site or any other. If you want to, check the hash of the software. This can be done using “Certutil -hashfile ‘filename’ sha256” in the windows cmd (Linux you can use “sha256sum ‘filename’”) you can then enter the hash into [VirusTotal.com](https://www.virustotal.com/gui/home/search) to see if it comes back malicious. + +4.) Keeping your seed phrase safe, I personally store it in a KeePass database file (encrypted) then put that file on 2 USB drives and store it in 2 different secure locations. + +5.) typical advice: Don’t engage reddit messages, don’t disclose your portfolio, cold wallets, and activate 2FA on your reddit account to keep your moons safe. + +EDIT: + +6.) Don’t trust email links, I’ve actually worked with the owner of haveibeenpwned owned on a “breach” I found where I found over 12K emails that were entered into phishing sites, and reported it to him. Always go to the site directly through the url address (and double check it) + +7.) ALSO! Forgot one of the most important ones, chrome extensions, these can have keyloggers, take screenshots, and track you. It might not be malicious when you downloaded it, but attackers generally + update them with malicious code with those capabilities or aren’t updated at all which leads to potential unfixed vulnerabilities. Double check the ones you have installed, and remove any you don’t need. + +8.) VPN / Browser, use a vpn with a no log policy to encrypt your network traffic. I personally use ProtonVPN and it’s worth the few bucks a month for a paid version, brave also allows you to use TOR in browser. Another option is hardening Firefox to use as a browser if brave doesn’t suite your needs which a guide can be found [here](https://informinc.org/internet/how-to-harden-your-firefox-browser-for-security-and-privacy/) + +EDIT EDIT: +I’ve gotten a lot of messages regarding how to get into the Cybersecurity field and trying my best to respond to them, if there’s interest I could make a post about that at some point. + +If so please feel free to leave questions below, that you would like answered in case it doesn’t come to mind when writing it / trying my best to respond. +Remember the guy who [guzzled down a cup of his own warm urine](https://www.reddit.com/r/wallstreetbets/comments/gak2gf/i_said_if_spy_closed_green_today_i_would_drink_my/) because he said SPY wouldn't close green that day? THAT is the WSBets-level of ARRtism that I crave seeing every time I come here- the loss and gain porn is okay but I want to see more ridiculous wagers being paid, don't you? + +Here is a list of users with unpaid bets. Users who haven't paid up- get out of here and post in r/investing, you degenerate scum: + +# u/yotta_T100 you said if jee-Em-Ee hit $200 you'd get the WSB logo somewhere on your body. + +I'm eager to see your new tattoo. [Here are his comments](https://www.reddit.com/r/wallstreetbets/comments/l58nrr/bets_being_paid/gktg075/?utm_source=reddit&utm_medium=web2x&context=3) if anyone else wants to see how he reacts when someone asks him for proof of a tattoo booking, and his [other bet comment](https://www.reddit.com/r/wallstreetbets/comments/l0hhqg/gme_thread_the_wreckoning/gjtheqk/?utm_source=reddit&utm_medium=web2x&context=3). The mod who was verifying that he follows through has been removed, can we get another mod on him? Ban unless he produces proof of a tattoo booking, it's been long enough. + +u/HollaHollaBillsYall said they'd get the WSB logo "tattooed on my ass while smoking a joint with the tattoo artist" if it hit $420.69. + +u/Hidhtr said they'd get the WSB logo " 'if' "it" crosses 420$" - if? LOL + +EDIT: Hidhtr's [tattoo](https://www.reddit.com/r/wallstreetbets/comments/lm7ztw/alright_retards_i_got_it/)! Way to go! + +u/sc00ba_steve owes a rocket emoji tattoo, another "$420.69"-er. + +u/EzClapsFN said $100 and owes a GeeEmEe tattoo. + +Congrats to u/raymofwuk on his geeEmEe/WSB [ass tattoo](https://www.reddit.com/r/wallstreetbets/comments/lcv7vg/as_promised_asstat_if_it_hits_200_and_he_did_it/), he said he'd get it if Gee eM Eee hit $200 a share- he literally bet his ass! Way to go! + +This is a casino, and bets need to be paid. These assholes pretend-betting are ruining the essence of WSBets. + +EDIT + +Donate to [Toronto Humane Society](https://secure.torontohumanesociety.com/site/Donation2;jsessionid=00000000.app20126a?df_id=1600&mfc_pref=T&1600.donation=form1&NONCE_TOKEN=103626C05DBE16FE7BD82C515341D622) instead of awards. + +Holding people to their word (and banning those who don't keep their word) is the sure way to weed out imposters and keep the community going. That's why, listed in the stickied comment below are some more of you who need to put your money (and your...toe?...) where your mouth is. + +Lots of people recently found this sub and it's time you all see it in it's true ARRtistic WSBets Glory! Vegas is too clean for us. WELCOME TO RENO BABY! + +END EDIT +I have always been confused with dividends and dividend yield. For example, TD stock says dividend yield - 5.1% right now +Does that mean if i put $10,000 in TD stock then i get 5% of the dividend for that amount, which is $500 +And is it annual? +**Edit:** + +In the 12 hours since I made this thread, yields have tanked an ungodly amount. We have now (11am EST) an almost 100% chance for a 75 point cut this month. + +If there's more flight to bonds, we could very easily have another emergency cut. That is unless the Fed decides to not do what the market wants this time. But the chances of that happening is extremely low. + +- + +- + +- + +Two weeks ago, we were talking about modest chances for *one* rate cut of 25 points. There's a very realistic chance we drop a total of 125 points in 3 weeks flat. Someone hold me. +Best thing is? My boss said she'd contact me to tell me if I am even coming in next week. So, no money for TWO WHOLE WEEKS, no paycheck coming in from ANYWHERE, and roughly $75.00 to my name. + +I'm F U C K E D + +**Edit:** It should have been *were* cut. Sorry, that was bugging me. + +**Edit:** Thanks for all the awesome replies! Stay safe, everyone (: +Getting to FatFire is a combination of luck and skill. Both of those are affected by the seminal experiences that we face in our path to get there. For me, there were extreme highs and lows that I went through that informed my current decisions. If I were to identify them today they would be: + +The high: Jan 2, 2000. The dot com era was booming and dot com parties were beyond belief. Everybody was making insane money (paper gains) and the turn of the millennium ushered in a feeling of peak optimism. I was going to retire in a handful of years, or so I thought. I picked Jan 2, because that is when I was recovered from my hangover from the New Years Eve party and the fear of the Y2K computer problem was proven to be overblown. We were a few months from when the dot com bust started and 21 months from 9/11. + +The low: I won't identify the date, but it was in the dot-com bust and my business failed suddenly. I realized that I had personal liability and that the creditors were going to come for me. I could have cashed out earlier, but didn't because I was caught up in the euphoria. My co-worker had, at one point, held $20M in stock in a tech company, left work, didn't sell, and had to go back to work. + +Those experiences informed how we approached the recent tech bubble. The optimism of the highs need to be tempered with the reality that extreme movements usually correct themselves. Experiencing the lows makes you value securing the win more. This time around, we scaled out over time despite the tax hits and the constantly rising markets. I now understand that the experience from more than 20 years ago, including massive failure, allowed me to overcome the basic human desires we all face. + +I am interested to hear your experiences and how they refined the way you think today. +Edit: For UK apes! iWeb has since confirmed they can transfer ISA GameStop shares to ComputerShare. They were bullshitting me before when they said the couldn't. DRS! + + +Sorry for the wall of text, just copied and pasted the transcript. This conversation is amazing: + + +Edit: An ape told me off for not making the broker clear at the start. It's iWeb, owned by Lloyds Banking Group. + +&#x200B; + +Me: + +Hi I'd like to Vote my share now that the window is open to do so +stock: GME +what is the control number? I will do it myself rather than have iweb do it for me +Agent +Hi, you are unable to do this yourself we have to pass this vote on for you +If you provide me with your personal reference number I can log this for you +Me +one sec.. +Agent +Sure +Me +are you sure about this +i'm pretty sure I can do it via investorvote.com +by punching in my control number there +Agent +I have just requested some info on this but from my knowledge we do it on your behalf +Me +ask them how iweb does it. surely iweb is also just punching in the control number themselves +regardless i'd like my control number +thanks +Agent +Is it Game Stop you are enquiring about? +Me +yes +Agent +Thank you for waiting. I'll be with you in just a moment. +Me +ok +Agent +Hi, in this case, we no longer guarantee ability to get that information on control numbers so would not be able to provide that info to you and we dont do voting on US Stocks. +I apologise for the inconvenience +Me +??!! +Agent +the reason for why is that US stocks are held externally and can then can be held by 3rd parties from there, it takes a long time to get the info and there is no guarantee would be able to get it even with a long lead time, there was a big issue with GME last time around and caused a lot of complaints, that was the point at which stopped Voting on US +Me +so how did i vote on these shares last year via iweb if you dont do voting on US stocks +Agent +The reason we have stopped voting on US shares is due to the complications which came about from the previous Gamestop vote +Me +interesting info. so basically you have just confirmed what Dr Susanne Trimbath has been saying all along; that brokers (even boomer brokers like yourselves) are screwing over retail by not vote counting properly +Buy, Hold, DRS! +thanks for your help +Agent +I apologise for the inconvenience , this is a business decision that I have no control over and can't over rule unfortunately. Is there anything else I can do for you? +Me +no problem i am not blaming you personally at all. i should thank you for the confirmation. have a great day! + +End Transcript + +&#x200B; + +This is a boomer broker. no PFOF or cfds. They get paid on fees. they are owned by a bank that has half a TRILLION assets under management (took Mark Cuban's advice.) They are as straight as a broker can be. They are literally saying they changed their rules because of GME. They straight refuse to vote on these shares. They are saying that they don't have the control number, because they can't get it, because it's a fking mess behind the scenes with the absurd numbers of synthetics, rehypothicates, FTDs and god knows what else. They don't have the shares; they refer to a third party who holds them (DTCC i see you!) + +&#x200B; + +Note: + +I have the majority of shares in ComputerShare so I'm good and I voted on them there. But I kept some in my boomer broker because a) they were in a tax wrapper and I couldn't transfer them unless I sell b) I'm fine with the notion of selling these at phone number prices and leaving the CS shares in the infinity pool - coz fk em, that's why. + +&#x200B; + +DRS is the fking way!! Dr Trimbath you were 100% right and my boomer broker confirmed it! Moon soon! + +Edit: Multiple comments asking who the broker is. It says it multiple times in the transcript - iWeb. This broker is owned by Lloyds Banking Group. + +Edit2: I edited an now it's turned into a complete wall of text. Damn you reddit! +I'm very new to Algo and Quant trading and starting to learn Python. So, I wonder if it's worth developing a trading bot. I mean, there are funds that'll pay a fair share, possibly much more than I'd manage to profit on my own. Is it better putting my money there and never thinking about making bots again? Or is there some advantage to starting some projects in this area? + +Thanks in advance for the attention! +"Analysts have been calling the stock “overvalued” since the day they went public, because they all keep comparing it to other car companies. I wish I had a dollar for every analyst who pointed out how “*every other car company sells ten times as many cars*”. + + I’ve also repeatedly bumped into some lazy analysis that Tesla is expensive because its current P/E is 1,270x or forward P/E is 204x. However, I’ve hardly ever seen a Tesla bear put out a detailed valuation in support of their bearish thesis which makes me wonder if a lot of people are simply dismissing Tesla in arrogance. + +But the thing is, they’re all making the same mistake: + +**Tesla isn’t a car company.** + +They’re an energy and technology and SaaS company that makes cars. + +Once you realize what Tesla really is, you start to see what their place in the market is going to be in the years to come. + +They acquired Grohmann Engineering. They acquired Perbox. They acquired Maxwell Technologies and Hibar Systems. And of course everyone remembers the Solar City acquisition back before dropping Motors from their name. They didn’t acquire these companies because they thought they were cool. They did it so nobody else could. + +* There are 25,000 EV charging stations in the United States. 20,000 of them are owned by Tesla. +* Tesla is currently the #1 li-ion battery manufacturer in America, and #5 in the world. +* Tesla has secured the rights to large supplies of lithium, and has developed their own internal process for extracting lithium deposits inexpensively from other sources. + +These segments of the energy space — battery production and EV charging — are a market sector that’s going to grow 50 fold in the next 15 years as consumer demand for EV’s increases. All of the major auto manufacturers have declared they’re shifting towards electric cars. + +Where are they going to get the batteries? How are their customers going to charge them? + +The answer: Tesla. + +Musk has made it clear from the beginning that their intent is to supply batteries for the entire EV *industry*, not just their own cars, and has also more or less come out and said that he’s open to letting other auto manufacturers access their Supercharger network. That puts them squarely in the energy business as the single most capable distributor. + +There’s also been chatter about licensing their self-driving technology, and using their self-driving technology as a recurring revenue generation, which would be a very attractive value-add for the other OEM’s. And all of these things don’t even begin to cover the expected growth in residential energy with products like rooftop solar, Powerwall, etc." + +&#x200B; + +**People making the claim that Tesla is an overvalued car company are making the same mistake they made saying Amazon is an overvalued retail company. Back in 2010, after it was clear how big AWS and cloud computing was going to become.** +Tl;dr: Already knowing I was underpaid, and waiting for the opportunity to discuss a pay raise with my boss, I found out that a coworker in the same position with the same credentials is making almost twice what I make. + +Story: I began working at a research facility last April as an administrative assistant making $11/hr. I was promoted to a position as a clinical research assistant in August of 2016 at $14/hr, with promise that in a year I would have the opportunity to move up into a research coordinator position, and receive a raise. Meanwhile, I received my bachelors degree in December 2016. + +Fast forward to one year later. I have been given all of the responsibilities of not one, but two coordinators, as we are very understaffed. I am working overtime each week to tackle my work. I have yet to receive a raise. At my quarterly review two months ago, I was told that corporate was not approving any raises at this time, and that maybe after August or so (our highest revenue season) I can expect a pay raise. Still no title change to coordinator, despite having the work of a coordinator, and being referred to as one in all company communication. + +So, yesterday my coworker confused in me that she makes $24/hr. She was hired 6 months after I was, and, like me, had relevant experience, but no coordinator experience. We both have bachelors degrees. We work the same position with the same job duties. I make $14/hr. + +So, I guess the advice I am looking for is how to approach my boss about this outrageous difference in pay, and why I am not being fairly compensated. My boss is VERY big on not disclosing pay with fellow employees, and I understand this completely. However, I did not ask my coworker how much she makes, she simply told me. And now I cannot un-know. + +I have never had to discuss wages with my employer, and this may not even be the best subreddit to ask for help on this in, but I will take all of the advice I can get. +https://www.cnbc.com/2021/09/13/house-democrats-propose-new-retirement-plan-rules-for-the-wealthy.html + +Killing MBDR for those that could utilize it definitely is going to change some peoples FIRE plans. +Seeing #darkpoolabuse trending on social media is extremely positive. Why? Because it’s creating awareness and that is their greatest fear. They have spent decades rigging a financial system that is shadier than a cloud on an overcast day. + +Every day more light is shed on their illegal practices and every day they are running out of paths to take. They are running out of ammo, fast. The basic advice remains the same: Buy and Hodl +https://www.cnbc.com/amp/2021/10/13/jpmorgan-jpm-earnings-q3-2021.html + +- Earnings of $3.74 per share vs. $3 per share estimate of analysts surveyed by Refinitiv. + +- Revenue: $30.44 billion vs $29.8 billion estimate. + +The gain came after the bank released $2.1 billion in reserves and had $524 million of net chargeoffs in the quarter, New York based JPMorgan said in a release. The bank produced $3.74 per share in earnings, which includes a 52 cent per share boost from reserve releases and a 19 cent per share benefit tied to a tax filing. + +The bank “delivered strong results as the economy continues to show good growth - despite the dampening effect of the Delta variant and supply chain disruptions,” CEO Jamie Dimon said in the statement. “We released credit reserves of $2.1 billion as the economic outlook continues to improve and our scenarios have improved accordingly.” +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hey Eli Buyko here, + +&#x200B; + +Last year I ended up profiting +$89,701.61 or +94.58% on the year selling futures options(See full post here): [https://www.reddit.com/r/thetagang/comments/s1u07g/repost\_my\_futures\_options\_selling\_results\_for/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/thetagang/comments/s1u07g/repost_my_futures_options_selling_results_for/?utm_source=share&utm_medium=web2x&context=3) + +Some people were under the impression I live off of that, well I most definitely don't haha! + +This post may be a bit discouraging for some but I think it is incredibly hard to live off of the market, regardless of trading style! + +Of course it depends on your expenses and so on, but I have a wife, newly born boy, two cars on lease and rent a house! Add all the bills and other expenses like food and we are at around $5,500 USD per month (I live in Canada).(I don't complain, just want to show a realistic live situation for families) + +&#x200B; + +For me with my account at $184k at the moment, take out $5,500 per month from the profits will completely kill my progress or at least considerably slow my growth process! + +Another issue that I have with that is honestly I can't trust the market to pay my bills at this point! I don't know what tomorrow will bring, I am here to take whatever the market is giving me but that is all I can control as an options seller! + +Maybe this is just something I deal with and others can trust the market easily! + +Lastly I think my opinion on this topic is biased because I had help with trading, the gentleman that helped me was in his late 50s and he was a true millionaire from selling options!He told me to try and create multiple income streams that are not related if I want to have peace of mind, and then when my trading account is big enough I can play around with what I want to do next, but how big did he mean? Well he said around $1M haha, which is obviously a lot!! + +That gentleman bought his house without a mortgage, as well as his cars and other belongings! So in my mind that is the image I have of how to live off of selling options! + +I follow his advice and we have a small family repair business in Toronto that pays the bills while the trading account grows, but let me know what are your thoughts on this? + +And maybe you live off of the market and can give your take on it? + +&#x200B; + +&#x200B; + +Thank you 🙏 + +Eli Buyko Futures Options Selling +something something watermelon banana pineapple +(pick your fruit, pick your orifice) +Calling it now, NEXT rc tweet is "the one" "killshot" and MOASS will ensue within 7 days of said tweet. + + +FRUIT FRUIT FRUIT FRUIT FRUIT FRUIT FRUIT FRUIT + + + +**I WILL ~~DEEP THROAT AND~~ SEDUCTIVELY EAT* A 24k GOLD DIPPED BANANA (Minimum 6" banana) IF I'M WRONG.** + + +*Due to all of your potential health concerns. Apes need to stay safe. +Good Morning Everyone, + +a supposed 13-F filing from Fidelity was posted today: + +[https://www.reddit.com/r/Superstonk/comments/nc465g/fidelity\_13f\_was\_released\_on\_the\_sec\_website\_the/](https://www.reddit.com/r/Superstonk/comments/nc465g/fidelity_13f_was_released_on_the_sec_website_the/) + +So after i saw that no link was provided, i checked it for myself. This filing doesn't exist (at the time i was writing this post). + +So i inspected the screenshot and compared it to Fidelity's last filing in February. + +([https://www.sec.gov/Archives/edgar/data/315066/000031506621000776/xslForm13F\_X01/20210216\_FMRLLC.xml](https://www.sec.gov/Archives/edgar/data/315066/000031506621000776/xslForm13F_X01/20210216_FMRLLC.xml)) + +[This is the filing from February 16th 2021.](https://preview.redd.it/minmceg082z61.png?width=2532&format=png&auto=webp&s=c05c27f7d3f6fa60ee340831daba675739d26cac) + +[This is the supposed filing from May 14th.](https://preview.redd.it/voip5g8882z61.png?width=1552&format=png&auto=webp&s=9e723b29b059d73ad5843f27dec6c2ceba268f44) + +If you look closely you can see that no position changed but for Gamestop, which is odd. Because if you look at Fidelitys prior filing from November 2020, you can clearly see that Fidelity is buying/selling shares from different companies. + +([https://www.sec.gov/Archives/edgar/data/315066/000031506620001924/xslForm13F\_X01/20201116\_FMRLLC.xml](https://www.sec.gov/Archives/edgar/data/315066/000031506620001924/xslForm13F_X01/20201116_FMRLLC.xml)) + +[Filing from November 11th ](https://preview.redd.it/ycuyqol592z61.png?width=2541&format=png&auto=webp&s=a16abd1147f1f1b83b9f1ef6e122fa5cee9e4e75) + +I wouldn't trust every post on here, especially those which doesn't provide a form of source to look up. + +These kind of Screenshots can be easily manipulated : + +[Changing the number of shares in Chrome.](https://preview.redd.it/eqnyww92a2z61.png?width=2195&format=png&auto=webp&s=8f09ccc3735021e6c7e5e46bb04080e161dd77d8) + + 🚀 +One of my greatest fears is looking or feeling stupid, and this often keeps me from raising my hand and asking questions in class. + +If you think about it, this sub is trying to do something almost impossible: Hundreds of thousands of people are trying to learn about pretty complex financial market stuff in ever more detail and depth – far beyond what the average person probably ever even thinks about at this point. This has the potential to be intellectually intimidating, especially if there are other people who seem to know it all. + +But by calling ourselves apes, we have fostered an atmosphere that genuinely celebrates an initial lack of understanding and that embraces asking questions and growing wrinkles. + +This atmosphere lowers the barrier of asking questions and avoids a situation in which everyone else appears to get it, so that nobody wants to be the one person who doesn’t get it. Instead, people here achieve better understanding and are more confident in their understanding, and as a result, are also more confident in the MOASS and more likely to diamond hand. + +For example, yesterday, I asked a question on a post about an assumption used in an estimate that I didn’t understand. A kind fellow ape took the time to explain it to me, and I was genuinely grateful and happy to have learned something (kudos and a heartfelt thank you at this point to all the apes that help others understand!). + +Others (looking at you, media) may make light of people calling themselves apes and deride this as self-deprecating, but I would argue that they don’t understand the impact that acknowledging our imperfect knowledge has on actually building solid collective knowledge. This sub’s atmosphere is an amazing asset that we shouldn’t underestimate. + +TADR: This sub is basically engaged in a hard af immersive econ class. We’re writing the textbook and the class atmosphere could not be better. + +To the lovely people about to comment that they truly are clueless apes just here for tendies, thank you for your service. + +Disclaimer: I have seen references to situations in which people didn’t want to answer basic questions and called shill. I have not seen this in person but let me know how prevalent this is and what you think the implications are. +I found a quadplex for around 350k. Rentals go easily for 1k around here and the place looks to be up-kept in great shape. It’s also worth mentioning that this place is in a new popular area people are choosing to live as it’s growing. I’m mid 20s and I know really nothing about real estate. I have recently adopted the mindset I need to start investing my money into assets that produce money so I don’t have to work until I’m 65. I am an electrician at a commercial level. I’m pretty handy and I want to be financially free. I’m scared to jump and I have my mom in my ear saying how it may not be a good idea. Of course I would get the house checked out and actually put eyes on this before I did such a thing. I feel like it’s a good deal but what am I missing? Any advice or encouragement would be great. I appreciate any and all feedback. +This happens to me every few weeks as my investment accounts grow. + +I'll be in a really shitty meeting and think, "that's it! I'm done! I'm wasting my life! This is stupid! I'm out of here! I'm going to retire at 36 and be done working forever!" + +Two hours later: hey, this is kind of a cool technical problem. Let me read a bit more on it. Oh cool, we shipped a new feature. I like working. +Hello Superstonk, + +A few weeks back I [wrote a post](https://www.reddit.com/r/Superstonk/comments/snzn04/it_takes_money_to_buy_whisky_distilling_gmes/) about historical options chain data for GME, specifically looking at the total amount of delta present each day. The data presented and the arguments laid out led to some very controversial conclusions, namely that: 1) options were largely being hedged between July-Dec 2021, 2) during that time period a significant portion of the daily volume could be attributed to market makers hedging options, and 3) there was a strong correlation between the amount of call options on the chain and the price of the stock. I want to quickly address a few key areas of discussion that the post generated before moving into new information. + +**1) "You are pushing options, therefore you are a shill."** + +Options carry significant risk. Do not purchase them if you do not understand the Black-Scholes model or cannot risk losing the entire price of the contract. Although I do trade options, I have never attempted to somehow financially benefit from an ape buying or selling options contracts. I am simply sharing the analyses I have done that have led me to believe that options can be a powerful tool to blow up the margin of a heavy put position, which we know is being used to suppress the price today. + +**2) "You are posting with** u/gherkinit **to brigade your work and get more upvotes"** + +Most people know that I have been working with u/gherkinit for about 10 months now trying to understand where the shorts are hiding. We believe that, while there are no data that provide a smoking gun (by design unfortunately), there are certain signatures in the available data that point to what may be going on. For example, see the great work by u/mauerastronaut and u/zinko83 on variance swaps, which is the most likely explanation for the deep out of the money puts (DOOMPS) that have been growing in popularity again on the sub. The work that I do is never just my work. Pickle man has put together a group of about 15 or so people that all bring various skills in data access, data mining, numerical methods, market knowledge, etc that all get mixed together to turn a sea of random data into a theory. I asked him to post the last one because frankly I was tired after putting my pieces together and needed the rest of the team to clean it up and get it live. I don't really care about reddit karma, so I don't really care who posts our work. + +**3) "You are skeptical of DRS, therefore you are a dumb dumb and a shill trying to destroy the sub."** + +That's fine. DRS --> ?? --> MOASS is a compelling theory. I like jumping on Computershared and watching the numbers go up. I'm impressed by the sub's ability to data mine the DRS activity. Lots of cool things going on with the DRS effort. What I am *not* fine with is the DRS mob insisting that DRS is the only way to cause MOASS and that DRS is guaranteed to cause MOASS. Locking the float in DRS to initiate a short squeeze may work, but it is unproven. I've been around long enough to remember Ape Vote. I am disturbed by the misinformation being spread about DRS and the arrogance with which DRS is discussed, not DRS itself. Full disclosure: I'm not convinced DRS will do what is being claimed, I have not DRSed, and I likely won't unless new evidence is presented. That being said, **THIS POST IS NOT ABOUT DRS**. You are free to post DRS spam in the comments as many are wont to do. I will not be responding to any discussion of DRS, as it is off topic. + +Okay, onto the good stuff! + +# Historical Options Data + +In [my last post](https://www.reddit.com/r/Superstonk/comments/snzn04/it_takes_money_to_buy_whisky_distilling_gmes/) about options with u/gherkinit, we developed a methodology to study the impact of the total delta on the option chain on the price of GME. In it we used a variable called the Relative Delta Strength (RDS). The RDS is calculated by taking the delta for each open contract and summing it up, and then dividing that net delta by the absolute value of the total delta on the chain. So then RDS = 1 when all delta is from calls and RDS = -1 when all delta is from puts. When call and put delta is equal, RDS = 0. We then compared this to daily closing price from July 2021 to the middle of January 2022 and showed there was a strong linear correlation between the two. Linear is interesting because it means that puts and calls are being hedged equally. + +A number of people asked about the data in the first half of 2021. I initially chose to discard this data as it seems to mostly follow the trend we found with some noise during the runs. Motivated by questions about it, I decided to take a closer look at the entire GME saga to see if any interesting behavior emerged. + +Below is an animation showing how the daily high price of the stock evolves with the daily RDS for GME from January 2021 until February 18, 2022. The data is displayed sequentially to attempt to show how it evolves over time. The data is broken up into each significant run of the stock. + +&#x200B; + +[Daily High Price of GME vs. the RDS of the GME options chain. The data is colored based on each significant stock run.](https://i.redd.it/hc6o0hib57k81.gif) + +There is a lot to unpack here. For each run, there is a weak linear trend between price and RDS. When RDS approaches 0.75-1.00, the daily price tends to run significantly. Once a maximum is reached, the RDS starts to go down and the daily price follows suit. Interestingly, it does not follow the same path down as it did going up. This implies that during the January, February, and May runs there was evidence that hedging was not occurring on the call side until the risk overwhelmed them. At the peak, puts are opened, calls are closed, and the options hedging then drives the price back down. This last point is important, as it implies what the true hedging profile for GME options happens to be, as illustrated in the figure below. + +&#x200B; + +[Illustration of the fully hedged options window.](https://preview.redd.it/fgwwvv8d87k81.jpg?width=840&format=pjpg&auto=webp&s=9e3f637150dea87d74c0e24bee043db0bb4ca165) + +Another interesting feature of the data is that it appears to be composed of clusters and jumps. Let's look at the current data in green to illustrate the point. You can see that there are two main clusters, with some degree of volatility between them. These clusters have similar slopes, they are just vertically offset by some amount. I believe that the slope of the line is the options hedging that is occurring, and the vertical offset is shorting the underlying. So then the blue shaded region can be thought of as the zone in which the margin of the total short position is relatively safe. Blue is where they want the stock to be. To the right of the blue area is where they start to lose control of the stock, or where their shorting effort creates too much risk for them to sustain. As can be seen, we have come precariously close to the edge of this region in the last two months, but haven't quite overwhelmed their position enough to drive a run. + +Anyway, that's it. Just some options data I thought was interesting and my interpretation of it. I hope the community finds some interest in it too. + +If you would like to learn more about the Direct Registration System, please see the top comments below. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Edit 1 (2/26/2022 2:02 PM CST): + +&#x200B; + +[I'm fine everyone!](https://preview.redd.it/boj9673qh8k81.png?width=526&format=png&auto=webp&s=f9f94711ce86a48437aa146421447fd674c1e427) +I just got off the phone with a Well's Fargo rep. After explaining to them what happened and asking for a refund on a fee, they offered me HALF of what they charged me. + +&#x200B; + +After I declined, they put me on hold and came back a few minutes later saying I got a full refund. + +&#x200B; + +So, if your asking a Well's Fargo for a refund they are expecting you to be stupid and spineless and accept the first offer. Don't! + +&#x200B; + +They are going to try to lowball you no matter who's in the wrong, don't go for it. +I've been an Ape for both sides. GME and Popcorn since January. I'm sure most of you know this because I've also been posting since the start. I made videos, posted DD's, and I've invested everything I have and more into both these stocks and I've never sold a thing. + +I also never planned to sell either until peak MOASS on the way down. Until now. + +I still believe they'll run together as they have but after today, I believe fully that GME is the one, the true, and only MOASS stock. And now my plan is to sell Popcorn as they start to rise. + +I'm going to sell that shit so fast it's going to look like ultra instinct in this bitch. And once I do I'm going to direct buy GME at whatever price it is, I don't care how high. + +I'm going 💯 into GME. + +And the reason is simple. Adam won't stop fucking selling. Popcorn apes seem to trust blindly. If Ryan did that shit GME apes would pick it apart and have an exact clear answer for why. + +I asked popcorn why everywhere. On YouTube, Twitter and Reddit. The answers I got where, "go fuck yourself, he's old and needs to plan retirement, shouldn't panic because he warned everyone, no answer for why JPMorgan Chase at all, oh and go fuck myself." + +So....on that note, I'm sorry to all the GME apes that went back and forth with me trying to show me the wae. I was blind but now I see. + +The options are simple. Hold GME or hodl GME. + +GME IS THE ONLY REAL SQUEEZE. + +(And I plan to make some serious edits to my DD on popcorn from months back. That's all. Sorry for the rant) +I've been looking at investment properties for the past 6 months and literally none of them make any sense. It's mainly been around California. I have a $500k pre approval for a mortgage, but I can't find any numbers that make sense. + +I'm considering looking at Cleveland. What do you guys think? Should I wait or look in a new market? +I have saved up about 200k since 2018. I just turned 32. The money is sitting in a savings account. Minimal debt (3k), no kids, no wife, expenses are about 1k monthly in rent and bills. Prior to 2018 I pretty much squandered most of my money traveling (I am a huge F1 fan and attending those cost a pretty penny). I once tried playing around with stocks in 2013/14 made a few bucks here and there, but one day I made a mistake of pouring a lot of money on a CBD stock (they were getting pumped big time and I was a noob) and lost all of it. My trading account was wiped out to a mere $0.94 in a matter of minutes. I still look at that TD account till today as a reminder of some of the dumb stuff I have done. Since then I have been a little scared about investing in the stock market. The good - less stress/anxiety, the bad - I have grown to see TSLA rise from the sub 100s to over 1.6k, bitcoin jump from 250 to 20k, amazon and google from the low 100s to where they are now. The regrets keep eating me alive. But then I keep saying, there's a reason and time for everything. I have become very much comfortable with the fact that in this game, you have to be prepared to lose. That's the mindset that I am going with this time round. I am looking at investing about 100-150k into stocks, ETFs and index funds. I am looking for both long term and short term growth as well as dividend paying ETFs that can average about 300 or more per month. So with all that said, I am humbly asking for opinions from those who are in this game. I have been doing some research for a few months now and I keep seeing a lot of noise about the same stocks and ETFs. Any piece of advice would be greatly appreciated. +I see a lot of denial from people in this sub about the issue of being stealth with your wealth. I think it's not a realistic position if you want to maintain relationships with people you grew up with if you're from a low income background. + +I'm from a very low income background (daughter of migrant farm workers) as is my husband. We each come from families where we each have 30+ cousins and are very close with our extended families. My husband salary is quite obviously high, as he is a nurse in a top hospital. I'm in a job position that many people are familiar with but don't actually know can earn quite a bit of money, so I'm able to hide my salary more. + +So, if you come from a very tight knit community, how do you deal with the wealth gap? Do you encounter a lot of guilt when your family and friends are suffering? I always wish that I could help everyone, but I also don't want to fall into the trap and become poor again myself. My husband and I both agreed that we would pay off our parents mortgages. This then helps our siblings too, because if anyone is ever struggling or homeless, they have a place to stay without a steep mortgage. + +But then I have my friends. The community I was raised in had very strict values, similar to the "snitches get stitches" mentality, where you shouldn't be doing well if you're friends are struggling. How do you deal with this type of guilt? I'm a woman of color btw, so this mentality has saved my own family many times and I feel bad turning my back on it +Wondering if folks who have moved or considering moving from high cost tax state to places like Florida specifically South Florida and how has been your experience, better or worse? + +Do you find it beneficial from a lifestyle, people, politics, weather, connectivity, infrastructure etc. and not just tax savings perspectives + +Thoughts? +The fact the WH and MSM just up and changed what a recession is; the same week GDP data was coming out the day before a rate hike is so fucked, but proves they need more time to cook up a story about MOASS. + +In my opinion, if apes had not purchased stock in this glorious company, the crash would have been status quo for today and they probably would have had their ducks in a row. + +Now we have news about them getting ready to ban government officials from trading stocks, more mass crypto regulations and probably a ton of other shit in the works to try and have that “Soft land” JPow is always talking about. + +The economy is a wreck and most working class people know it���s a recession because we have been living it. + +The stock market ain’t real. Commodities are being pumped up to squeeze us out of living and these greedy fucks are playing all this can kicking games to survive one more day. + +Well their day is coming and I CAN NOT FUCKING WAIT until they have to decide between food or bills. + +Edit: lot more up doots than I expected but 2 things: + +1. I understand there is elections coming and people trying to save face, but governments cant ignore the significance that an event like MOASS will have on everybody. + +2. Tinfoil your not, it’s an opinion. But I really appreciate all the commentary! +Absolute panic every second or third post. Everything from "It's just a dip" - "bear market/crypto winter" - "Everything but Bitcoin and Ethereum is going to zero". Lol calm down. + +If you're sweating, just sell everything. Cryptocurrencies in general are extremely volatile and if this makes you nervous than maybe this stuff isn't for you. Stocks are more stable and might be your thing. We could see another 50%+ drop and nobody wants to see you drop of a heart attack because of it. + +If you're day trading you know this is how it goes, if you're doing anything else, delete your chart app or whatever. +Hello everyone, + +I am starting an Engineering Economy course this semester. I previously had to drop the class due to some personal issues. I was not doing poorly in the course, but I did find the textbook to be very difficult to get through, especially as I got past the first few chapters (this is possibly due to a lack of interest in the subject). + +I am hoping that somebody has a suggestion for a better textbook to use as a learning supplement, or maybe even to replace most of my required text. + +[This](https://www.amazon.com/Engineering-Economic-Analysis-Donald-Newnan/dp/0190296909/ref=sr_1_2?dchild=1&keywords=engineering+economic+analysis&qid=1598253702&s=books&sr=1-2) is the required text. + +[Here](https://imgur.com/a/AAsLqzj) are screenshots of the course learning objectives and the table of contents for every chapter being covered in the course. + +Thanks! +I'm finishing up last semester of a bachelor's in economics and planning to apply to master's programs next month. I'm currently taking 5 classes but the rough part is calculus 3 AND Linear algebra at the same time. I'm beginning to think taking linear algebra without having already completed calculus 3 was a mistake since i don't know vectors yet and my divided attention is contributing to both classes starting off poorly. Like poorly enough where I'm like ... maybe I shouldn't go down the economics route (even though those classes at the undergraduate level have been easy for me) and perhaps I should do something less quantitative. I worry about making it through these classes and then trying to do real analysis next year. Some have told me to just chill out and don't worry about individual classes but I worry they are too relaxed. +There's always something you can give to someone who helps you even if that's just gratitude. My friend is broke but she gets eggs off the old lady down the road. She gives her veggie scraps and takes her bins out as thanks. + +A lot of people have given our kids hand-me-downs. I'm always sure to take a picture with them enjoying the toy/whatever and send it to them with a thanks. People feel bad about giving their old, used stuff but that just means that their kids loved it to near death. Toys in perfect condition were never played with. + +My husband and I only had one car and we had two families pick our kids up for school runs on days he worked (Nurse so roster is always different). Once a month I have all the kids over for a sleepover and big breakfast so both parents can take the night off and have a sleep-in. It costs me only pizza and popcorn and they saved me buying an extra car when we were struggling. + +- Alternatively - + +My brother and his wife are super loaded. They're rich bc they work all the time though and always need help with their kids. I've been picking their kids up from school and taking them home when they're sick for 6 months now. I recently moved and when I let her know I couldn't do it anymore, she just complained that now she has to find someone else to do it. + +I didn't click with the ungratefulness at first and just mentioned that I find people to be so helpful. She groaned that they always are AT FIRST. Then they "couldn't care less". I have never heard either of them thank any family members for the 6 years of favours they have asked with their kids. + +People love to help but they need to know that you'll have their back or at least get how much they're doing for you. +After four years at a decent job, thanks to the FIRE movement, I now have the ability to make a huge life change. I have been running extra hard in the rat race for far too many years (even though some would call me young). I worked very hard, even working to support myself through college and the grad school. I neglected my health, my friends, and my family along the way. The COVID quarantine was a wakeup call for me. It gave me a taste of what life would be like when I didn't have to commute across the city to sit in an office for certain prescribed hours each week. I'm hooked and I can't go back. + +The past several years, I house-hacked and side-hustled my way to FU money and to be honest it came so much faster than I anticipated. FU money in hand, I've realized that I can't stay in my day job anymore. I need to be free to do my own thing. In the next 3-6 months, I'm moving from my M/HCOL city to a much smaller LCOL city near the water. I just put a cash offer on a house and I hope it gets accepted. It's a small house that needs work but it's in a safe location near downtown, it's livable, and most importantly in my budget. I plan on renting out the house I currently own which should cover it's mortgage and give me some cash flow. + +Recently, I paid cash for a 4 year old economy car with 48k miles on it which should last me many years so my expenses are going to be very low. I am looking forward to waking up in the morning, working out, then cooking a healthy breakfast before tackling some home improvement projects in between working for clients at my own work from home business. When I land a new client, I am going to treat myself with lunch and a couple of beers at my local joint. Occasionally I'm going to wake up on a Tuesday morning and go to the beach and chill all day because I can. + +And I'm going to focus less on myself and more on the people I care about. I'm not waiting any more. I'm going to do this now while I can. I've had friends die in their 20s and relatives live to over 100. You never know when it's the last time you'll ever see someone again. I'm going to surprise my sister with tickets to her favorite musical artist and take her to a show. I'm going to visit my old college buddy who is married with a kid and have a few beers. And I'm going to help my dad restore the classic car he bought which is very similar to his first new car. I still have my car from high school though it hasn't run in years. Maybe I can get that fixed up and my dad and I can take our cars to a car show together. + +I don't want to stop working. I have no desire to ever fully retire. I think as humans, we crave progress. And progress comes from work. It's not just satisfying, it's a damn privilege to be able to work. But you have to work on something that you're passionate about. I want to invent things. I want to create things. I want to design things. I want to build things. And most importantly, I want to teach and inspire people to do great things of their own. This world is far from perfect, but hopefully by the time I'm gone it'll be one step closer. +Edit 1/3: Formatting + +Edit 2: A lot of comments about self-reporting being the problem. You should read about CAT (Consolidated Audit Trail) going into effect on 9/1. This does appear to be a more automated tracking system for reporting and removes some of the self-reporting features. Here's the link announcing retirement of OATS (Order Audit Trail System) for the CAT: [OATS Retirement - CATS Implementation](https://www.finra.org/filing-reporting/market-transparency-reporting/order-audit-trail-system-oats) + +[Regulatory Notice 21-19](https://www.finra.org/rules-guidance/notices/21-19) + +**TL;dr:** Above is a Regulatory Notice filed by FINRA on 6/4/2021 with a comment period through 8/3/2021. Document is pretty big, but here is a brief summary of the items that should be paid attention to from what I am seeing, including **reporting of** **SYNTHETIC SHORT POSITIONS**. + +This rule change also **CALLS out our DD as CORRECT** **where the sale of a call option and purchase of a put option** (where options have the same strike price and expiration date) **are being used to HIDE SYNTHETIC SHORTS.** This rule is coming across as a pretty important step in proper reporting of short data. Highlights of Notice: + +&#x200B; + +1. **REQUIRING FIRMS TO SUBMIT SYNTHETIC SHORT POSITIONS.** Text from rule, **"For example, enhanced short interest reporting could include synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies.”** + +2. FINRA has historically only published short data for OTC securities and not exchange listed securities (definitions below). They now want to report both. + +3. They also want to increase the frequency of reporting this information. Instead of twice per month, now daily or weekly. + +4. Requiring short interest reporting of proprietary and customer accounts. + +5. Making firms report short interest at the account level so FINRA knows the individuals or entities that accumulated short positions. + +6. Jeepers, they are currently allowed to **BORROW** shares through financing options called “enhanced lending” or “short arranging products” from a firm’s domestic or foreign affiliate to **“CLOSE OUT” short sales**. How is this legal? FINRA wants to make this borrowing included in their short interest reports. + +7. Including Total Shares Outstanding (TSO) and Public Float information in short interest reports. + +8. Adding a new field to short interest report to indicate whether a security is a threshold security. + +9. Reducing processing time by FINRA to disseminate information more quickly after it has been reported. + +10. Daily reporting of Fails-To-Deliver and more stringent reporting requirements. + +Here are a couple of copy/pasted definitions of terms above: + +OTC Security: OTC refers to the process of how securities are traded for companies not listed on a formal exchange. Securities that are traded over-the-counter are traded via a dealer network as opposed to on a centralized exchange. [Define OTC Security](https://www.investopedia.com/terms/o/otc.asp) + +Exchange Listed Securities: A listed security is a [financial instrument](https://www.investopedia.com/terms/f/financialinstrument.asp) that is traded through an exchange, such as the NYSE or Nasdaq. [Define Listed Security](https://www.investopedia.com/terms/l/listedsecurity.asp) + +Threshold Security: Threshold securities are equity securities that have an aggregate fail to deliver position for: + +* Five consecutive settlement days at a [registered clearing agency](https://www.sec.gov/divisions/marketreg/mrclearing.shtml) (e.g., [National Securities Clearing Corporation](https://www.sec.gov/cgi-bin/goodbye.cgi?www.nscc.com/index.html) (NSCC)); +* totaling 10,000 shares or more; and +* equal to at least 0.5% of the issuer's total shares outstanding. [Define Threshold Security](https://www.investor.gov/introduction-investing/investing-basics/glossary/threshold-securities) + +You know other major players will make comments on this regulatory notice that may cause changes to these regulation changes before implementation. If you are interested, there is a link on the top right of the source webpage to “Submit a Comment”. Comments are accepted until 8/3/2021. Remember, any personal information you provide will be made publicly available. - **END TL;dr** + +Here’s some text snippets from the notice from this point forward with no interpretation from myself: + +# Background and Discussion + +FINRA is considering whether amendments to its short interest reporting and dissemination program would be appropriate to improve the regulatory and public utility of the information. FINRA also is considering whether any changes to other aspects of its short sale regulatory program would be beneficial, as discussed below. + +# A. Publication of Short Interest for Exchange-listed Equity Securities + +FINRA is considering consolidating the publication of short interest data that is reported to FINRA for both listed and unlisted securities. If FINRA were to make this change, short interest files for all equity securities would be made available free of charge on the FINRA website and would not require changes to firms’ reporting requirements. In addition, if this change was made, the below potential changes to the content and timing of publicly disseminated data would apply to listed and unlisted securities. + +# B. Content of Short Interest Data + +As discussed above, FINRA’s website publication of short interest data currently is limited to non-exchange listed, OTC equity securities and includes the following fields: + +&#x200B; + +* Security name +* Symbol +* Settlement Date +* Market (*i.e.*, OTC equity securities) +* Current aggregate short interest position for the security across all firms +* Previous aggregate short interest position for the security across all firms +* Change in short interest position since the prior reporting period (number of shares) +* Change in short interest position since the prior reporting period (percentage) +* Average daily trading volume for the security +* Days to cover[9](https://www.finra.org/rules-guidance/notices/21-19#_edn9) +* Revision Flag[10](https://www.finra.org/rules-guidance/notices/21-19#_edn10) + +FINRA is considering the following changes to reported and disseminated short interest data.[11](https://www.finra.org/rules-guidance/notices/21-19#_edn11) In some cases, FINRA also is considering whether the additional data points proposed to be collected should be disseminated publicly or used only for regulatory purposes. + +&#x200B; + +* **Proprietary and Customer Account Categorization**: FINRA is considering requiring firms to segregate the total reportable short interest into two categories—short interest held in proprietary accounts and short interest held in customer accounts. Specifically, in addition to reporting the total short interest in a security, firms also would be required to specify the short interest held across all proprietary accounts and across all customer accounts (for both retail customer and institutional customer accounts) for each equity security as of the close of the designated reporting settlement date. FINRA believes that this information would provide beneficial regulatory information regarding the type of market participant that accumulated a short interest position (i.e., a firm or a non-broker-dealer customer). +* **Account-level Position Information:** Alternatively, FINRA is considering requiring firms to report (for regulatory purposes only; not to be disseminated publicly) short interest position information with more granularity by reporting at the account level for all equity securities. Account-level short interest position information would provide FINRA with insight into the identity of the individuals or entities that accumulated concentrations of large short interest positions, which FINRA would use to enhance its reviews for compliance both with SEC Regulation SHO and FINRA’s short sale rules. +* **Synthetic Short Positions:** In addition, FINRA is considering requiring firms to reflect synthetic short positions in short interest reports. For example, enhanced short interest reporting could include synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies. FINRA believes this information would assist FINRA in understanding the scope of market participants’ short sale activity, specifically regarding the use of less-traditional means of establishing short interest. +* **Loan Obligations Resulting From Arranged Financing:** FINRA understands that members may offer arranged financing programs (sometimes called “enhanced lending” or “short arranging products”) through which a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account. FINRA is considering requiring members to report as short interest outstanding stock borrows by customers in their arranged financing programs to better reflect actual short sentiment in the stock. +* **Total Shares Outstanding (TSO) and Public Float:** FINRA also is considering including in FINRA-disseminated short interest data, where available, the TSO and public float for securities. FINRA would obtain this information from a third-party source and include it in disseminated information; therefore, this change would not alter firms’ reporting requirements. FINRA believes disseminating a security’s TSO and public float would provide investors with contextual information regarding the relative size of the aggregate short position in the security. +* **Threshold Security Field:**[12](https://www.finra.org/rules-guidance/notices/21-19#_edn12) FINRA is considering including in FINRA-disseminated short interest data a new field that would indicate if the security is a threshold security as of the short interest position reporting settlement date. This change would not alter firms’ reporting requirements. FINRA believes that a security’s status as a threshold security could be useful to investors and other market participants in evaluating an investment decision, and that consolidating this information into disseminated short interest data simplifies the process of obtaining this information for users of the data. + +**C. Frequency and Timing of Short Interest Position Reporting and Data Dissemination** + +Members currently must submit short interest reports to FINRA twice a month and reports are due to FINRA by 6:00 p.m. ET on the second business day after the reporting settlement date designated by FINRA. FINRA is considering requiring firms to report short interest data to FINRA more frequently. Specifically, FINRA is considering reducing the reporting timeframe to daily or weekly submissions and, to enable FINRA to disseminate the collected information to the marketplace on a timelier basis, such reports also would be due to FINRA in a shorter timeframe following the applicable settlement date. For example, if FINRA were to require daily submissions, short interest reports could be due by 6:00 p.m. ET one business day after the designated reporting settlement date, and for weekly submissions, short interest reports could be due by 6:00 p.m. ET one business day after the weekly designated reporting settlement date (instead of the current requirement of two business days after the designated reporting settlement date).[13](https://www.finra.org/rules-guidance/notices/21-19#_edn13) + +FINRA also is considering reducing the FINRA processing time involved in disseminating short interest data. Currently, FINRA disseminates short interest data for OTC equity securities on the FINRA website seven business days after the designated settlement date, which is five business days after the reports are due from member firms. FINRA is considering reducing this processing time. The proposed reduction in FINRA processing time could apply where firms report short interest to FINRA on a daily or weekly basis, as described above, and also could apply to the current twice a month reporting cycle (with or without a reduced firm turnaround time). + +**D. Information on Allocations of Fail-to-Deliver Positions** + +Regulation SHO permits a member that is a participant of a registered clearing agency to allocate a portion of its Rule 204 fail-to-deliver position to another broker-dealer based on that other broker-dealer’s short position.[14](https://www.finra.org/rules-guidance/notices/21-19#_edn14) FINRA is considering enhancing its short sale reporting program by adopting a new rule to require members to submit to FINRA (for regulatory purposes only; not for public dissemination) a report of daily allocations of fail-to-deliver positions to correspondent firms pursuant to Rule 204(d) of Regulation SHO. + +The proposed allocation report may include the following fields: + +* Security +* Identity of correspondent firm +* Amount allocated to correspondent firm (number of shares) +* Trade date(s) +* Allocation Date +* Close out Date +* Applicable close out obligation (T+3, T+5 or T+35) + +Th-th-th-that's all folks! + +Tanks fo' readin' +Only downside I can think of is if bbby tanks this week but my breakeven cost will be ~$9 which I don’t think it’ll drop under + +Edit: in the title I meant ITM* +Been reading through some really interesting thoughts on Twitter posted in previous threads about Evergrande. If these guys turn out to have a point, this would all seem to be coming together. + +First let me disclaimer with I've not fact checked this. I assume these guys know a lot more than me I'm posting it here to let others know, offer my simplified TLDR of the main points and if anyone wants to post counter-arguments to their points you're welcome to. + +**Concept One** + +[Girolamo Pandolfi da Casio ditto Carlo Dossi Erba on Twitter: "Evergrande: why most analysis is dead in water and how best to understand and navigate what’s happening? Both denialists and alarmists are getting it wrong. Let’s start by understanding this: what is happening is the result of a CCP-initiated policy change to curb leverage. 1/N" / Twitter](https://mobile.twitter.com/INArteCarloDoss/status/1438944431734919175?s=19) + +There'll be no bail outs. What's happening in China is not an "Oops". The Chinese RE market has been subject to all sorts of fuckery going on on it for a long time and has become a large percentage of the GDP. Companies like Evergrande are on the verge of going bust even although they're not reported a single loss, ever. This is because losses have been hidden on balance sheets as assets in the form the properties - but these properties can not be sold, in reality these companies hold nothing but liabilities. + +The CCP have noticed this and they've set out rules to stop this for becoming an uncontrollable explosion somewhere down the line. Dictated leverage caps and various other things that are going to curb the growth of this industry (Stop the bubble). This is not Lehmen-esk in that a surprise happened and the question becomes what will the response be - this is a result of something the CCP has already done. + +China can not and will not bail out Evergrande because it has recognised that an uncontrollable bust will come later down the line if they do not engineer a controlled one now. China may backstop housing prices to prevent losses to investors, but they will let the overleveraged and under-capitalised companies fail. Allowing for a strong base to be left of those who succeed. + +**Concept 2** + +[TheLastBearStanding on Twitter: "🚨🚨 China Credit - Writing on the Wall - and How to Trade It. (9/15/21)👇👇" / Twitter](https://mobile.twitter.com/TheLastBearSta1/status/1438171695685283847) + +This thing of having on-paper "Assets" of trillions of dollars that are really worthless is not contained to Evergrande. It's a broad issues across the Chinese market. The Chinese market is hugely overleveraged and all of the perceived value of the industry is mainly down to sly tricks and creative accounting - not real growth, and certainly not functional demand. Most of the properties are empty. + +What we're seeing in Evergrane now is just a glimpse into what we're due to see in other RE companies. + +**Concept 3** + +[TheLastBearStanding on Twitter: "🚨🚨 Equities, Options Gravity, and Volatility: The Fragile Market Hypothesis 🚨🚨👇👇 (Aka one doofus's overly simplistic attempt to explain lurking risk in the market with stick figures and clip art. If you're invested, you should read)" / Twitter](https://mobile.twitter.com/TheLastBearSta1/status/1424833306781159433) + +An event like this in China can create a volatility shock in US markets. Causing prices to move faster, faster moving prices causing more hedging against deep OTM put options and this having a self-reinforcing effect causing capitulation risk in the US markets. This sequence of events would build up to a Black Swan event. + +&#x200B; + +\------ + +Just in case - [Practical plan to recover a down theta portfolio in the event of a crash. : thetagang (reddit.com)](https://www.reddit.com/r/thetagang/comments/pn02yt/practical_plan_to_recover_a_down_theta_portfolio/) +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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The current features that are supported are: + +&#x200B; + +* Purely client side app. The app does not require you to login, and does not send any data to private servers. +* The app tracks your net worth and shows you a chart over different periods. This works even for your current holdings, and the app will try to generate past data as well as it can. Shows you XIRR gains over your entire portfolio. +* Support for \~500 stocks. You can view mutual fund shareholding patterns for your stocks and dividends on the stocks. +* Support for regular and direct funds (growth option) for debt and equity from major houses (aditya birla, axis, boroda, BNP Paribas, BOI, Canara, DSP, Edelweiss, Essel, Franklin, HDFC, ICICI, IDFC, Invesco, Kotak, LT, PPFAS, Reliance, Sbi, Sundaram, Tata and UTI). Shows you top ten holdings for your equity mutual funds. +* Gains for individual holdings are absolute for transactions less than 1 year, and XIRR otherwise. +* Track all your dividends. This includes segregation into upcoming dividends, current FY, previous FY and all time. Dividends are not included in your portfolio gains thought (Should it?) +* Check your portfolio weigths for individual stock and MF holdings. +* Check your exposure to individual stocks and sectors across your portfolio, and compare it to NIFTY 50. +* Mutual fund industry data (most held stocks by the industry, most bought and dumped stocks last month). + +&#x200B; + +The app is still not on playstore (because I need a final feedback from you guys). Please install the app from [here](https://drive.google.com/open?id=17L7ChFp7Wue8oOPVSUDTjIzCMi-sHOqy), if you are interested. I'd really appreciate any feedback/suggestions. + +&#x200B; + +Edit 4 (22/09/2019 1:41 PM): + +Rolled out a new build on the same link with some fixes. + +1. Some folks were seeing issues/crashes while importing statements from Kuvera. I've fixed the same. Thanks a lot to u/have_another_upvote and u/dejavu_comeagain for reporting and helping so much for testing the fix. +2. I observed on crashlytics that some folks faced issues while opening the app after adding the transaction. Fixed those issues too. + +&#x200B; + +Edit 3 (19/09/2019 8:35 PM): + +1. Fixed the UI issue with smaller screens. Verified by u/viperakaraj (thanks a lot!) +2. Created r/Artos for updates (since someone wanted to subscribe somewhere for updates). + +&#x200B; + +Edit 2 (19/09/2019 12:47 PM): + +I have fixed a few issues from user feedbacks: + +1. Fixed the price history fetch issue when the app is opened for the first time. Would really be glad if someone can confirm this is working for them. +2. Fixed divideds for some stocks. Thanks to u/internal_organ +3. Fixed recomputing dividends when transactions were deleted. Thanks to u/internal_organ (again! You are awesome) +4. Fixed crashing issue when the transaction was added for the current date. + +&#x200B; + +Edit: + +Several people have reported few issues: + +1. Few people are stuck on the onboarding screen, it seems to be happening on screen sizes < 6". I'm working on a fix. I'll update the thread once this is fixed. +2. The app gets stuck on "Fetching price history" when you try to add stock/funds the first time. The app seems to be doing a lot of background work on first start. It should work if you restart the app in a minute and try again. Working on a fix for this too. +…for giving hundreds of thousands of Apes a year of hope, a glimmer of freedom, and a once-in-a-lifetime shot to not only attain an abundance of wealth, but share it. For some of us, this year has merely been a wise investment. For some, an adventure in an otherwise uneventful life. For some, a life-line, a purpose, a chance to do something right for the first time in our lives, a chance to make our loved ones proud. For some, a chance for revenge…a “fuck you” to anyone and everyone who has ever stepped on our necks and shackled our ankles. For some, a chance to buy our first home, pay off our debts, ride off a lot in a smoking hot Lambo. For some, it’s the only chance to get much-needed medical, dental, or mental health attention that has so far been unattainable. For almost a year, we have watched the ticker alternate from red to green like the lights on a Christmas tree, hoping and praying to retire our mothers, save our brothers, look our fathers in the eyes. We’ve made strong bonds with total strangers and woken up at obscene hours in the morning to see if “today is the day” and become immune to getting hurt again. Regardless of our reasons, our intents, our hopes and dreams…none of it would have happened if a Roaring Kitty hadn’t mewed and big-balled Chairman hadn’t pursued a vision. Thanks for giving a shit, Ryan, and for giving us one hell of a ride this year! Merry Christmas, Happy Holidays, and Fuck You-See You Tomorrow!! 🚀🚀🚀 +Yesterday i made a post about scam coins with no real value. I expected to see common sense and critical thinking, criticism against shitcoins. +Unfortunately what I saw was universal love for shitcoins, how people see them as their winning lottery tickets. What's 20$, if it moons I will win a lot, if it gets rugpulled I lose only 20$. + +Everyone here screams adoption this adoption that, but nobody realizes that every time they support a scam coin they don't only lose money, they take a giant shit on crypto's credibility. + +You're wondering why your parents think crypto is a ponzi, while you put yet another 50$ on a rugpull doge clone. Maybe you're a part of the problem mate. + +Yes scams will happen always but when the hive mentality "its only 20/50$" still exists, crypto will never be taken seriously and adopted at large. + +Scams coins aren't gonna stop existing until the demand of them is non existant. And it's not a big amount but if 3.5mil people start using their brains and not their get overwhelmed by their "where lambo" mentality things might get a little bit better. + +Stop spending your money in shitcoins and DYOR. Don't make exploiters rich. Be the better person. + +THINK ABOUT THE LONG GAME!!! +https://twitter.com/jackicryptobot + +Have a look at Jacki - 24 hours after Vicki posts a short/long, Jacki will look at what your gains/losses if you had put down $1000. + +He will post his first analysis soon when Vicki's previous [tweet](https://twitter.com/Vickicryptobot/status/891018272656822273) hits 24 hours. + +Let me know what you guys think guys! + +p.s. please give some love to my parody bot that irritates Vicki by posting the opposite of everything she says: https://twitter.com/rickycryptobot +Hi Everyone, + +As the title suggests my wife and I recently discovered that my wife's sister has been accidentally using my wife's social security number for the last 2.5 years (2020, 2021, and 2022). This was the result of my mother in law accidentally giving the wrong number to the wrong daughter, and this was only recently discovered after my wife re-entered the workforce two months ago after being in Grad school during the intervening time. + +We initially discovered the error during my wife's onboarding when the 3rd party payment processor (PayChex) flagged my wife's account as potentially fraudulent because my sister in law's company also uses PayChex and the same social security number is being used by two employees of different names at different companies. + +Adding more complication to the matter my sister-in-law's HR department is proving to be incompetent and refusing to change the social security number associated with her file (they're stating the system won't let them change the number). + +Anecdotally, we've noticed weird things in the past, like my wife owing money in 2021 (yet her sister getting a massive refund), my wife losing eligibility for her student grant in 2020 and 2021 (due to income reasons), and my wife failing to ever receive a stimulus check during the pandemic. This is all water under the bridge at this point, but I assume all these weird events are now tied to the social security number issue. + +Does anyone have any advice on how to fix this problem? I will be filing jointly with my wife next year and want to get this resolved as quickly and smoothly as possible. +Anybody see PFT run up to .75? +Anybody know why it randomly just had a late run? + +Starting to get a lot of traction now, doubled in volume in just a day. Pretty sure yesterday was at about 1m volume now it’s just sitting under 2m volume. + +This looks very promising to those already holding. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Beyond Meat**®** announced its Q2 results ending July 3, 2021, on Thursday after the closing bell. + +##### Key Highlights: + +* Net revenues were $149.4 million, an increase of 31.8% year-over-year. + +* Gross profit was $47.4 million, or gross margin of 31.7% of net revenues. + +* Net loss was $19.7 million or $0.31 per common share. Net loss as a percentage of net revenues was -13.2%. + +* Adjusted EBITDA was a loss of $2.2 million, or -1.5% of net revenues. + + +[https://risingcandle.com/marketnews/beyond-meat-announces-q2-results-revenue-up-32/](https://risingcandle.com/marketnews/beyond-meat-announces-q2-results-revenue-up-32/) +Looking for thoughts and feedback from anyone here who has experience in owning an American fast food restaurant. Considering the purchase of a Taco Bell or McDonalds or similar. I know this sub seems to be more heavily skewed towards tech but I’d love to hear the good, the bad, the ugly of franchise ownership. + +For background, I currently work in finance/corporate America. My job is cushy but does not inspire. While my current role is relatively easy, there is no room to grow at my current company, and as cliche as it sounds, I hate working for other people. + +I like the idea of a top franchise as they have well oiled business plans that are proven. My background is CPA with experience in private equity and corporate finance. I would think that with my educational and professional background, I would have some of the required business skills. As for cons, I’m a 29 M with zero restaurant experience. + +Some questions I have: what is the typical workflow or workday of owner/operator? Are these investments more on the active or passive side of the scale? Did you have restaurant experience and did that help? Does having so much of your business dictated by a corporate office help or hinder you? +In my experience, economists usually seem very concerned about even small amounts of currency deflation, but don't tend to get terribly concerned about inflation unless it is unusually high (ballpark 5% and up). + +From what I understand (which could be wrong), currencies should ideally be stagnant, but given that this is the real world and shit happens, governments and central banks typically try and aim for a modest annual inflation rate. + +Why would a deflation rate of 2-3% be so much worse than an inflation rate of the same amount? + Bonfire is a frictionless, yield-generating contract that allows you to seek shelter amidst the chaos of the market. + +"The market can be a scary place. One day things seem perfectly fine, the next you're down 20%, ETH gas prices are $650, and it feels like the whole world is panic selling. You feel cold, alone, and afraid. That's why we're building a $BONFIRE. A comfy place for you to seek refuge from the storm outside, collect taxes as you hodl, and watch your profits soar. We've got a ton of partnerships and listings coming that we can't wait to announce. " + +**PURCHASE USING PANCAKESWAP VERSION 1** + +**STATS as of 5/14/2021** + +>Market cap: \~$250 Million AND CLIMBING ༄ ATH market cap: \~$500M +Almost 300,000 holders in under 4 weeks +Recently listed on Whitebit and DeCoin +Listed on CMC and CG +Video preview of beta app released + +USE CASES + +>A unique Launchpad project in development by the BONFIRE team. +**FireStarter is the second step towards building a BONFIRE dApp ecosystem.** +Video preview **of beta app RELEASED -** It will provide all the tools necessary for new projects to reach potential investors through initial coin offerings and initial decentralized exchange offerings. +**FireStarter is a platform that allows its users to invest in vetted and audited newly established projects in the form of a presale with a fixed token price, allowing the opportunity to buy tokens at a lower price than the listing price.** + +Q3 2021: BONFIRE NFT MARKET + +>**We are building a unique, frictionless NFT trading market,** where you can analyze, track, and discover valuable blockchain-based NFTs in real time. +**We have other amazing plans for the NFT market in general that are currently undisclosed.** Stay tuned! + +END OF YEAR GOAL + +>Our community will migrate to a fully functioning social media platform with an ecosystem running on BONFIRE token\*\* +We aim to implement **liquidity pools between friends, NFT AR/VR showrooms, full profiles, daily games, quests, and much more.** + +MORE INFORMATION + +>We have an incredibly transparent and genuine team, **and several devs have doxxed themselves.** They are all very active in the community on every social media platform. You can tell how invested and passionate they are about this project in the AMA (Ask Me Anything) videos. **We have a social media presence on Twitter, Reddit, TikTok, YouTube, Instagram, and Twitch.** Along with our official social media accounts, which can be found below, we have thousands of community members who contribute to promoting the coin. Our community is unlike any other, and we are all here for the long haul. We are here to support each other and have a good time on the way. + +OUR WEBSITE: [bonfiretoken.co](https://www.bonfiretoken.co/) + +>𝑳𝒊𝒗𝒆 𝒕𝒐𝒌𝒆𝒏 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 +𝑾𝒉𝒊𝒕𝒆𝒑𝒂𝒑𝒆𝒓 +𝑹𝒐𝒂𝒅𝒎𝒂𝒑 +𝑬𝒙𝒕𝒆𝒓𝒏𝒂𝒍 𝒂𝒖𝒅𝒊𝒕 +𝑴𝒆𝒆𝒕 𝒕𝒉𝒆 𝒕𝒆𝒂𝒎 + +JOIN THE DISCUSSION + +>[𝑫𝒊𝒔𝒄𝒐𝒓𝒅](https://discord.gg/bonfire) +[𝑻𝒆𝒍𝒆𝒈𝒓𝒂𝒎](https://t.me/BonfireTG) + +SOCIAL MEDIA LINKS + +>[𝑻𝒘𝒊𝒕𝒕𝒆𝒓](https://twitter.com/token_bonfire?s=21) | [u/token\_bonfire](https://www.reddit.com/u/token_bonfire/) +[𝒀𝒐𝒖𝑻𝒖𝒃𝒆](https://youtube.com/channel/UCy6OaZjILnABwiQgCzc51Lg) Bonfire Token +[𝑹𝒆𝒅𝒅𝒊𝒕](https://www.reddit.com/r/BonfireToken/) | [r/BonfireToken](https://www.reddit.com/r/BonfireToken/) +[𝑻𝒊𝒌𝑻𝒐𝒌](https://www.tiktok.com/@bonfiretoken) | [u/bonfiretoken](https://www.reddit.com/u/bonfiretoken/) +[𝑻𝒘𝒊𝒕𝒄𝒉](https://www.twitch.tv/bonfire_token) | [u/bonfire\_token](https://www.reddit.com/u/bonfire_token/) +[𝑰𝒏𝒔𝒕𝒂𝒈𝒓𝒂𝒎](https://instagram.com/bonfiretoken?igshid=4js5c4zkevif) | [u/bonfiretoken](https://www.reddit.com/u/bonfiretoken/) + +AMA LINKS + +>[4/25/21 | YouTube](https://youtu.be/mDGU00LkjNo) +[4/28/21 | YouTube](https://youtu.be/2gHeLVx8P3k) +[5/1/21 | YouTube](https://youtu.be/n2BeuqgQSmU) +5/4/21 | [YouTube](https://youtu.be/Gg6pZ0mJzI8) | [Twitch](https://www.twitch.tv/videos/1011099228) +[5/12/21 Q&A | Youtube](https://www.youtube.com/watch?v=68yCbvZS3g0) +Hey folks, this is a follow-up to my recent short post "I don't really mind when the market drops" ([here](https://www.reddit.com/r/dividends/comments/r871kj/i_dont_really_mind_if_the_market_drops/)). + +In that thread I had a discussion with a user (thanks for the discussion!) which reminded me of this other important reason I choose dividend investing: because it relies on productivity and not finance. + +When you buy growth companies or whole-market indices, you're almost always relying on capital appreciation to get a return on your investment. Historically, is this a good idea? Absolutely! But as we all know, past performance does not indicate future results. There's a reason all financial products make that disclaimer, and it's not just lip service. + +Do I believe that the top 500 companies in the USA, for example, will continue to grow over time and provide value to shareholders? Absolutely! So that's a great case for VOO, which historically has obviously been one of the best investments you could make. What's my issue, then? + +My issue is that your return from an index (or growth company) does not solely depend on productivity, profits, and free cash flow. When you rely on capital appreciation for return, you're also exposing yourself to four other factors: monetary policy, animal spirits, speculation, and Wall Street. All four of these things work to distort the stock price away from its fundamental value (look at the market right now, it's overvalued by nearly every metric - [source](https://www.currentmarketvaluation.com/).) Let me explain each of these factors: + +1. **Monetary policy:** pumping the market with unprecedented levels of liquidity inflates asset prices and causes stock prices to go up. What happens when monetary policy tries to tighten? The "taper tantrum" in 2013 ended up being quite mild, but when the Bank of Japan tried to tighten in the late 80s they absolutely destroyed the Nikkei index, which still hasn't recovered over 30 years later. Could it all work out fine? Sure! But it's a risk I prefer to take into account. (Also, check out the level of liquidity now vs. post-2008: [US M1 money stock](https://fred.stlouisfed.org/series/M1NS)) +2. **Animal spirits:** this is a term I borrowed from John Maynard Keynes. He was referring to consumer confidence and spending habits, but I believe it also applies to financial markets. Human beings have a nasty habit of jumping on the bandwagon when times are good (now), and a bad habit of jumping ship when things tank. This inflates asset prices in good times, and makes it difficult for them to recover during the bad ones. The saving grace in the last 20+ years has been the Federal Reserve and central banks, but even so, one could argue that a policy of ever-more liquidity and ever-lower rates (now negative in some countries) is simply "kicking the can down the road". +3. **Speculation:** Related to above. You have people betting on the price of an asset going up rather than the fundamentals of the company. They may try to justify it based on fundamentals, but note that most of the crowd jumps in *after* the price has begun to rise drastically, not before. +4. **Wall Street:** Related to speculation. The difference here is they're controlling big money and can really move things. Also, if they screw up, they can bring down the whole financial system and destroy investor confidence, ala 2008. + +When you buy growth companies or broad market indices which rely on capital appreciation to provide you a return, you are at the mercy of all of these forces. + +Dividend investing, on the other hand, relies on **productivity, revenue, and free cash flow** in order to provide a return to shareholders. It's the most basic and ancient system: make a product (or service), sell it, pocket the money (or distribute it to shareholders, in this case). You can think of it as being part owner in a business, which actually is exactly what being a shareholder means. + +Is it possible that people stop buying Coca Cola in the next 10 years? I mean, maybe. It's not exactly the healthiest thing in the world, so there's definitely a case to be made for declining sales. But completely disappearing? Pretty unlikely. So when you invest in KO, all you're betting on is that people are going to continue buying and drinking Coca Cola for the foreseeable future. Now that's a bet I'm willing to make. + +I think valuation is also important for dividend investing, and I consider myself a value investor. If you can find strong companies that pay 3-8% yields, that's obviously a more robust return than a company which is only yielding 1% (yield is determined as much by the above factors as by what the company actually pays out). I like LMT on the low end of that range, and BTI on the high end - both are monsters which generate enormous free cash flow, and both provide products that people need (the US government relies on LMT for defense, and people are addicted to nicotine). + +What's more: as I said in my previous post, during a downturn, not only do these sorts of companies usually sell products that people need no matter what's going on in the world (also think JNJ, MMM, etc.), if the market does correct, your dividend yield goes up and you're able to scoop up more assets with your DRIP. + +Finally, I don't have my entire portfolio in dividend players. I think value investing goes hand and hand with dividend investing, and the point about avoiding Wall Street and animal spirits (etc.) absolutely applies to selecting companies which trade at a reasonable valuation in the present. + +Do note that, long-term, I think index fund investors will do just fine, as long as they're making regular contributions and not afraid to stomach serious volatility. My retirement account is in index funds (I have 40 years until retirement). I am using dividend companies to provide me with a cushion for the medium term of 5-15 years, where I have the option of turning off DRIP if I ever feel the need to supplement my income. I also like the idea of having half of my investments in broad-market indices, and the other half in defensive, dividend-paying investments. + +I hope this helps. Good luck to all. +This subreddit has been riddled with warning after warning and yet people are still *shocked*, somehow, when a large exchange or stablecoin goes belly up and their funds are locked or liquidated. + +In terms of stablecoins failing, cant do much about that. + +In terms of where you keep your decentralized currency, that is absolutely your choice. + +So before any other exchange falls, understand that by not moving your coins and allowing a centralized company to "hold" them for you, you are consciously accepting the potential loss of said currency. + +I know that we all heard about this, but I wanted to leave a reminder of whats possible... An excerpt From Coinbases own quarterly report that ended March 31, 2022. + +[https://imgur.com/a/nJ4ulrO](https://imgur.com/a/nJ4ulrO) + +This is NOT a "be careful with Coinbase" post, its a "be careful with ANY centralized exchange" post. I only mention Coinbase because its big but it is not too big to fail. +Let's say I open a bank account(or any other investment) where I add my, + +1. Father as Nominee +2. Mother as Joint Holder +3. Child a Legal Heir +4. Declared Will + +Now in case of my demise who is rightful owner of the account amongst above three? + +Can some legal expert throw some light here? +A big development in the Tata Group, throwing Tata Sons into another power struggle? + + [https://www.livemint.com/companies/people/nclat-restores-cyrus-mistry-as-executive-chairman-of-tata-group-11576662522616.html](https://www.livemint.com/companies/people/nclat-restores-cyrus-mistry-as-executive-chairman-of-tata-group-11576662522616.html) + +&#x200B; + +* The National Company Law Appellate Tribunal (NCLAT) today restored former Tata group Chairman Cyrus Mistry as executive chairman of Tata Group +* It said that the tribunal has also held the appointment of N. Chandra as executive chairman illegal. +* The Tatas have the time file an appeal against the order in four weeks as the tribunal said the restoration order will be operational only after four weeks +I called about my upcoming mortgage payment. I said I heard about this Evergrande coupon thing that I wanted to take advantage of so I could lower my payment to $80/ month (.0004%) on my outstanding loan. + +Turns out the coupon is only good if you committed the required amount of financial crime. +'Why don't you just move?' + +Often I see flippant suggestions that if somebody is encountering issues where they live - the suggestion is that they should “just move”. As a family of 4 who just relocated to Sydney from North Queensland, I wanted to give some insight into what the costs are when moving across Australia. I’m not saying people shouldn’t move, but I��m saying that if you think just moving around this country is a reasonable solution to people experiencing hardship, then you should read this. If you just want to see the numbers, there’s a table with the numbers as a TLDR down the bottom. These costs are not transferable to everybody’s moving experience, but it does detail the costs that we would not have incurred if we just stayed in North Queensland. The figure for us totals at over **$33k.** This does not include the loss of income potential people might experience in a new location and many other factors that affect the ongoing affordability of living in different places. + +My wife and I are both health professionals and we have two kids aged 6 and 3 (one in school, one in daycare). We decided to move because of an opportunity to rent a place for cheap in Sydney, where we have more family support which was sorely lacking in QLD. There are a lot of factors that contributed to the cost of moving that we simply didn’t consider, so I hope a few people gain some insight from this post. + +# The Move + +I finished work a week before moving because we had to pack our apartment as the sale was being finalised, and move to temporary accommodation which we were fortunately able to get for free. We lost $10k on the sale of our apartment on top of the $10k we sunk into renovations while we owned it. This is the nature of the Northern Australia property market, where the housing prices struggle to keep up with inflation rates. We bought the apartment off an owner who was making a $160k loss over 5 years of ownership, so I guess we were lucky… It wasn’t possible for us to keep the apartment, so like many others when they move, we had to sell. + +Since we weren’t working for that week, our period of lost wages began. My wife secured a job in Sydney, but I hadn’t yet. Getting schools, daycares, two jobs and a property settlement to line up perfectly was impossible, so we just had to bite the bullet. Removalists took the majority of our stuff to Sydney for $1800. We sold things that would be cheaper to replace off marketplace or gumtree than to move across the country, and also packed what we could into the car. Our drive involved 3 overnight stays and four days of driving. On top of the fuel and accommodation, we budgeted $50/day for food. Fortunately, I successfully interviewed for a job during our trip down and had a start date of 2 weeks in the future, resulting in a total of nearly 4 weeks of lost wages. For my wife, it was just over two weeks of lost wages. + +Once we arrived, we got to work buying school uniforms and replacing items we had gotten rid of before moving. We had to register our car in NSW and buy new plates. We had to buy winter wardrobes since our North Queensland clothes were completely unsuitable. I was able to do this mostly at op shops since I hadn’t started work yet, which significantly reduced the cost. We needed warm blankets, boots, thermals, raincoats, jumpers and beanies for the kids, who are both asthmatic and need to keep warm to avoid getting sick. + +Additional cost: As my wife and I worked publicly in QLD as health professionals, our best bet of getting jobs was within NSW Health. To work with NSW health, you need a Working with Children’s Check (WWCC). These must be applied for in person, cannot be done online, and for NSW Health employees, these must be attained prior to employment, unlike private health employers in NSW, where the QLD children’s check can be used for up to 28 days while a NSW WWCC is being attained. This meant we each had to fly to Sydney just to walk into a NSW Service Center and sign an application form. Bewildering, I know. + +I’m probably forgetting a lot of other incidental costs that came along the way, but hopefully more people appreciate how difficult and costly it can be to move around this large country. This is especially so for families who are feeling the pressure of this cost of living crisis more than anybody. + +# TLDR -- This is the table detailing our costs: + +|**LINE ITEM**|**COST**| +|:-|:-| +|***Moving and travel costs***|\~| +|Removalist|$1 800| +|Furniture replacement|$500| +|Car service and tyres|$792| +|3 night accommodation|$366| +|Fuel|$400| +|New car number plates|$60| +|Food while travelling - 4 days x $50|$200| +|Winter clothes for everyone|$300| +|School Uniforms|$100| +|Property cleaning on departure|$500| +|SUBTOTAL|$4 958.00| +|***Lost Income***|\~| +|My lost net income - 18 business days|$4 163.05| +|Wife's lost net income|$1 841.90| +|SUBTOTAL|$6 004.95| +|***Real Estate loss/expense***|***\~***| +|REA Marketing fee|$3 500| +|REA Commission|$10 543.xx| +|Loss on property|$10 000| +|Conveyancing|$450| +|SUBTOTAL|$20 993| +|***WWCC Trips***|***\~***| +|My flights + accommodation|$488| +|Wife's flights + accommodation|$769| +|SUBTOTAL|$1 257| +|**TOTAL LOSS**|**$33 212.95**| +Just wanted to have a discussion about the TSXV, which is up 72% over the last year. Very impressive IMO. For reference, the TSX is up 1.2% and the Nasdaq 43%. + +Thoughts? +Strategies? +I don't care if that price is 1000$ or 10,000$ or 100,000$. If this is not allowed to play out in normal market conditions, with a bid and an ask on a lit exchange I am NOT going to sell a single share. period. No one on the short side of this trade is getting away with this. Not kenny not gary gensler not putin not elon musk not jeff bezos or WHO EVER IT IS. NO CELL NO SELL. im sick and tired of this world being controlled by the greed of the 1%. excess for the sake of excess is disgusting. Unless you start the bidding machine to CLOSE your short positions i will never let you out. We are not locked in here with you; You're locked in here with us. +I recall thinking that if Mr Money Mustache, a guy with a family, could retire with a $600k portfolio and a paid off $200k house, a $500k portfolio for a single guy would be no problem. Many people on this sub at the time had similar target numbers in the upper 6 digit range. High numbers, but nothing too crazy. + +Now, after reading this sub for 3-4 years, my target number is more like $1M in investments. But I'm starting to wonder why. My lifestyle hasn't changed much. I'm still single and don't plan to get married or have a family. My only goals are to live a modest, quiet life, and for work to be an option rather than a necessity. Do I really need millions of dollars to do that? + +These days, I see people here with $1.5 million portfolios saying that they plan to work high stress jobs for another 10 years. Or people with $2 or $3 million who are targeting $5 million, then $10 million, etc. I feel like a lot of the target numbers I've seen here keep getting higher and higher with no end in sight. I get that you need to plan for high expenses in life, like health insurance, aging parents, or if you plan to have kids or live in a high cost area. I feel like this sub changed a lot in the last few years. I'm just a modest earner, with a relatively low FI target number. But maybe I'm wrong and I should be re-evaluating my goals. Can FI even be done on $500k-$1M anymore? Thoughts? +Is this incorrect?: + +Imagine a hypothetical country where almost everyone earns $1 million/year. A coffee shop soon realizes they can charge $2.. $5... even $10 for a cup of coffee. It will keep going up until customers become price-sensitive. But, in most places, there's a gradient of wealth with the weight of people at the bottom end of the distribution. Therefore to maximise profits, the coffee needs to be priced optimally: expensive but still affordable for most lower-earners, which ends up being cheap for those in the middle and insignificant for those at the top. + +LLDR: do lower earners keep prices of essential items reasonable for everyone who earns above them? +Hi, I'm just wondering what the current mainstream thinking is re: unions. I've done a bit of research and it seems inconclusive. Also, I've heard that while private unions may not be a big deal, public sector unions are almost assuredly a bad thing. Is this true? +You have decided to say FU to your shady broker that you no longer trust or maybe you are new to the finance world. + +You chose Fidelity. Great choice. + +&#x200B; + +What you need to know is that Fidelity by default shows charts that are delayed 15 min. + +In order to fix this and have real time data, visit: + +[https://www.fidelity.com/customer-service/how-to-get-real-time-quotes](https://www.fidelity.com/customer-service/how-to-get-real-time-quotes) + +&#x200B; + +Many people do not know that so I encourage you to spread the word! + +&#x200B; + +Edit: Since many of you are asking for chart looking alternative, for the most basic stuff [finance.yahoo.com](https://finance.yahoo.com/quote/GME?p=GME&.tsrc=fin-srch) will do and if you want to dive deeper [www.tradingview.com](https://www.tradingview.com/chart/zCLTV3YK/) is a great tool. + +Edit2: + +Android app guide (thank you u/chronovisor84): + +>Press menu on bottom right, then press the ⚙️ in the upper right, then enable streaming and after hours. + +IOS guide (thank you u/SumoTortoise): + +>More>Settings & Profile>Quick View>Watchlists & Real-Time Quotes + +Edit3: (thank you u/x32321) + +Another way is to have real time data is to use free desktop version of Fidelity's platform: + +[https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview](https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview) + +&#x200B; +We’ve seen it twice now where a couple weeks before earnings report the price rocketed to $325-$348 only to be manipulated back down to ~$150. With each time costing SHFs hundreds of millions of dollars in the hopes we would sell. + +We didn’t. + +GameStop was still in the transitional period of establishing new shipment facilities, updating and revamping their website, increasing the variety of what they stock, as well as raising capital. + +In the meantime apes have been buying everything they possibly can from GameStop from games, to recording devices, to fucking LEGO. + +The writing is on the wall. The earnings report is going to absolutely smash expectations and the hedge funds know it. Instead of waiting for the earnings report, they are shorting it before hand in a last ditch effort to get us to sell. + +For the first time next week, we are going to reach a price that has a comma in it. + +See you all on the moon, fam. + +https://i.imgur.com/oAdOdT7.jpg + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: + +It seems some people are worried/upset that I’m setting apes up for disappointment with providing a date and ultimately causing some to paperhand if I’m wrong. + +So I’ll add that I’m just a fellow ape with absolutely zero wrinkles in my brain. It was never my intention to build up false hope but just to write something that would provide fellow apes with some positive vibes. If the price dips hard after the QE, please don’t be discouraged and absolutely continue to hold. + +MOASS has always been a question of when, not if. + +🦧❤️🚀 +I heard through the grapevine that if you had a Capital One credit card and you were impacted by Irma you could receive a $100-$150 credit by simply calling and asking for it. + +I called and was told they were authorized to only give $50 credit. Not what I was hoping for, but still helpful. + +I also have a 360 checking account. I called them and they were able to find a $100 bonus that existed when I opened my account and were able to retroactively apply it. + +So, capital one just got a customer for life. More importantly, other financial institutions might be similarly helpful so it can't hurt to call your bank and/or creditors and see what they can do for you. +I assume everyone has sizeable amount of cash in these days, so what are the best way to protect against inflation, in case government announce some large welfare package? +I decided to make a chart to see how much I made in my 401k over time. + +Normal scale: +https://i.imgur.com/pdtBeXm.png + +Log scale: +https://i.imgur.com/9KUxfGf.png + +The blue line is my cumulative 401k contributions. + +The red line is 401k contributions made by my employers, most entirely as company matches, but also with 2 safe harbor bonuses (the small spikes in the chart) paid entirely as a 401k bonus; this line is basically free money since the match is a benefit in addition to my salary. + +The green line is the blue line plus the red line. + +The purple line is my 401k account balance. + +The difference between the purple line and the green line is investment gains. There was a brief period in 2008/2009 where I lost money due to the ‘08 market crash, but it was followed by solid gains for the last 10 years due to the 10-year bull market that’s been happening. + +Compounding over time is magic! Keep at it everyone! + + +Edit: +someone asked for the source data. I put it (retirement.xlsx) here: +https://ufile.io/oe5cz (That site says it will only stay there for 30 days before they delete it). +If there's a better place for me to put it to share it, let me know. [I didn't want to share it publicly on my personal google drive.] Also (in addition to my 401k) in there is my brokerage account, showing my $1,000,000+ total investments, so you get bonus charts if you get this file. I've added links to my total investments here: + +Normal scale: https://i.imgur.com/7mHuQ2P.png + +Log scale: https://i.imgur.com/Cmq4Xql.png + + +For my total investments (401k, plus taxable brokerage, plus roth IRA, plus HSA): + +It took 139 days to go from $350,000 to $400,000. + +It took 150 days to go from $400,000 to $450,000. + +It took 79 days to go from $450,000 to $500,000. + +It took 171 days to go from $500,000 to $550,000. + +It took 166 days to go from $550,000 to $600,000. + +It took 406 days to go from $600,000 to $650,000. + +It took 48 days to go from $650,000 to $700,000. + +It took 132 days to go from $700,000 to $750,000. + +It took 80 days to go from $750,000 to $800,000. + +It took 113 days to go from $800,000 to $850,000. + +It would have taken 110 days to go from $850,000 to $900,000, but I was fancy and bought a new car in cash. + +It took 130 days to go from $850,000 to $900,000. + +It took 55 days to go from $900,000 to $950,000. + +It took 30 days to go from $950,000 to $1,000,000. + +It took 19 days to go from $1,000,000 to $1,050,000. +I know I could recreate this sandwich (although I can’t make them taste as good) for $4 but that’s OK. Sometimes you just gotta reward yourself for how much stress you just survived. $9 in my belly is going to make me happier than $9 in my bank account. +My wife and I are in our late 20s and are at the verge of fatFIREing. We've always wanted to retire early and never really considered working until we were old. + +Regardless, today, on a whim, I decided to look at how much our net worth would be if we kept up our current annual savings until we were in our 70s, with 10% annual growth. I was shocked to see that we would actually have crossed the $1B mark. + +Since then, I've kind of been second guessing our idea to retire early. My wife and I are really into philanthropy and the thought of being able to save hundreds of thousands of lives with that money makes me feel extremely selfish for wanting to retire early. I actually enjoy my job and giving up on being able to help so many people just so I can retire 40 years early makes me feel so shitty about myself. + +Have any of you ever experienced this? How did you deal with it? +I am interested to hear experiences for people that fatFIREd in their late 20s or 30s and tried to retire. + +How did it go? Are you still retired now? Where did you find meaning after you left your demanding career? + +&#x200B; + +I am 31F, I guess fatFire depending on who's asking or very chubby FIRE. + +I have been a webcam entertainer for almost 8 years now and tried to "retire" a few times but it lasted only a few months. Money is not the driving factor as much as the fact that I feel a lot of guilt if I don't work and miss the validation and the feelings of accomplishment work gives me. I have been a workaholic all my life. + +The problem is that despite me going back and enjoying what I do, the career has a short shelf life and I need to find meaning in something else. + +I have dabbed into real estate and I have done ok but dealing with tenants has a lot of drawbacks that kills my joy (I have a property manager now but not looking to buy more rentals). I am frugal and prefer investing in stocks now but like keeping some real estate. + +Travel is fun but to me it's not as fun as most people make it to because it's exhausting and I don't really find meaning in traveling for longer than two weeks. + +I also have an intense feeling of guilt spending money on luxuries and I get more satisfaction from saving and investing that spending money. + +So my question to you is what did you find meaning in when you left your high paying career at a relatively young age? + +EDIT: I really appreciate everyone's replies. + +Although I haven't found my new purpose it was nice to read other people's experiences. + +It's really difficult to have these conversations with people in my circle of life because they would not understand it. + +Although I come from a very different line of work it's interesting to see how our experiences of early retirement have been so similar and how maintaining a purpose and goals is so important for your well-being and personal fulfilment. + +I like some of the suggestions in the comments on how to find my next purpose and I will be doing a lot of reflecting in the future. +Sitting here watching the 1m candles, and I've noticed today that prices aren't running... they are jumping. + +Whether it's up or down, the price is gapping to new prices instead of being bought in to it. + +https://imgur.com/0JkXzvD + +You can see the huge ~$1 gaps in either direction on the 1m. + +There's no shares to fill in-between the prices. We're about to see some craziness... +Building a comprehensive list of value investors to track through 13fs. My question is what are your guy's thoughts regarding Bill Ackman? It seems that he has made good investments in the past, but also some crazy ones too. Thoughts? + +edit: If you beauts want to list other great investors that you follow, I would not mind at all. +**The villains in this story are Meta and Google**, two companies whose major purpose in this world is apparently to create thousands of mid-level executive millionaires at the expense of shareholders. **These two companies alone have transferred more than $300 billion from shareholders to employees** in their monetization of stock-based comp over the past ten years. + +**The hero in this story is Apple, the most prolific user of stock buybacks in the world (more than half a trillion dollars!), but a company that actually returns capital to shareholders** with its buybacks rather than sterilizing outrageous stock-based comp. + +Google has issued 1.7 billion new shares to employees over the past ten years, diluting its starting share count by 12.8%. Google has also bought back 1.9 billion shares with its $156 billion worth of buybacks, but because of the newly issued shares that only shrank the original share count by 1.2%. + +Full article: https://www.epsilontheory.com/stock-buybacks-and-the-monetization-of-stock-based-compensation/ +So, like many of us here, I drive a pretty beat up car. It's fourteen years old, over 200k miles, but dammit it runs well and the radio's loud so I love it. It has a few dings and scratches and the check engine light won't go off (coolant sensor, not an actual coolant problem), so I'm used to ignoring little problems. + +Don't ignore little problems. + +This weekend I was pulled over. The cop said, "So I have about three different things to ask you about, but it's all related to the one thing. Did you know your tail light is out?" No I didn't, but I wasn't surprised. He asked for my insurance, which I have the app for on my phone... and the damn thing didn't remember my password and neither did I. So I had no immediate proof of insurance, a big no-no. I have since rectified that (hey folks, put a screenshot of it in your photo folder or State Farm has an extra little gadget you can put on your phone's home screen just for such an occasion). The cop just ran my driving record to make sure I'd never been cited for driving with no insurance while I thanked God I never got pulled over during the year I did so a few years back (not recommended, it saved a few bucks but was awful for my anxiety and would have been catastrophic in an emergency). + +He let me go with a warning to get my tail light fixed and my insurance card up to snuff, and went on his way. I immediately drove my butt to NAPA and put a new tail light in for $1.38. + +As I was putting it in, I realized that I am incredibly lucky. I have a good driving record, and wasn't committing any real infractions (I was even signalling, though he couldn't see it). Any of those things otherwise could easily have ruined my day, or my driving record. It happens all the time. + +Keep an eye on the little things. Don't ignore them. Keep yourself healthy, folks. + +Edited to remove unintentionally incendiary topic. Folks, I only put this up as a friendly reminder to keep up on the details because they snowball so very easily. I know I dodged a bullet, and have since learned that I can't trust a phone app. I'll be fixing the paper copy situation tonight. If this helps a few people remember to get the new copy of their insurance printed or maybe that minor piece of maintenance taken care of that's been put off, then I'm happy. +This is a discussion post to learn and discuss about the latest GME SI data. As a retard GME bag holder I want to know what is the different between the data published by FINRA and the data published by pretty much every other venues. I will be posting compilations of sources here + +[FINRA Data published by Morningstar](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) shows GME SI at 78.46% of float. + +[Others posted SS](https://imgur.com/a/upLgSnX) also showing at 78.46% + +[FINTEL data from this fellow retard](https://www.reddit.com/r/wallstreetbets/comments/lghaex/gme_and_amc_short_interest_data/) posted for GME at 44.02% + +[WSJ posted](https://www.wsj.com/market-data/quotes/GME?mod=searchresults_companyquotes) data showing GME SI at 41.95% + +[Bloomberg terminal](https://imgur.com/gallery/XnLnAfl) shows data at 42.61% + +[Marketwatch](https://www.marketwatch.com/investing/stock/gme) data shows 41.95% + +[Ortex](https://www.ortex.com/symbol/NYSE/GME/short_interest) reports 43.36% + +[CNBCunt](https://www.cnbc.com/2021/02/09/gamestop-breaks-below-50-a-share-as-short-squeeze-comes-to-an-end.html) Reported "about 50%" lol + +TDAmeritard is showing 42.24% of float. Will post SS tomorrow. + +&#x200B; + +Update 1: + +My fellow retards. I searched the internet far and wide and I still dont have an answer to this. There are many theories but nothing rock solid and conclusive. Maybe I am too retarded. To add to the fuckery I added AMC below + +[Finra reports AMC](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P00011H0G) SI at 15.70% + +[WSJ reports AMC](https://www.wsj.com/market-data/quotes/AMC) SI at 66.06% + +&#x200B; + +Update 2: + + +Thank you u/sidepart for figuring out the Math. Please check his [post here explaining the big number in pretty crayon colors](https://www.reddit.com/r/wallstreetbets/comments/lgk89i/comment/gmsfetb). The number of short is constant at 21.41 million shares shorted. The next mystery is why FINRA use 27.79 millions free float vs WSJ, bloomberg using 50.62 millions free float shares. Did institution just bought 23 million shares and this data is yet to be reflected by wsj and bloomberg ? +Storytime. I think I can almost be considered an OG by now. Recently, I've started to observe my emotions more seriously during the market moves and I've had valuable insights while doing so: *what I am feeling right now is probably very close to what many other investors are feeling*. This is great to know. It helps me to estimate how the market might react in real time. + +I've joined this sub in 2013 and my first buy was in Dec 2013 during an *epic* leg up. Bitcoin crashed upwards like I've never seen again. Incredibly, though, I almost timed the top perfectly and bought in right before it crashed down again, ultimately moving from around 1k to 350 or so. Imagine my feelies. I was naive and very new. But the reason I've joined was a bit different than the reasons moon bois are joining today. Back then, Bitcoin was pure magic. And it was subversive. It was a big F U you to the banks. That was the selling argument. And it was always clear to me since then that Bitcoin is either going to 0 or to infinity. I still believe that today. + +After my first buy, I was in the red immediately. Double digit percent loss. But my conviction was strong. I've spent the next months reading and understanding BTC. I've practiced with lots of different wallets, I've sent transactions around (they were still free back then, yes, 0 transaction fees) and generally got comfortable with using it. I noticed that, yes, this technology is insane, and yes, I can send anything to anyone, it takes a couple minutes, and yes, it's almost free, and yes, nobody can do anything about it. + +Remember, I was a complete noob who was down 25%, 50%, 65% his investment. But I'm not an idiot. I know it will go to infinity and the chance of it going to zero is so low that I've decided to keep buying like a retard. I've started putting almost all the money I've got into it (I was a very poor student back in the days, don't get too excited). I figured "the lower my buy-in price is, the earlier I will be in the green". Long story short, I've been red for almost two f*cking years. Can you imagine being red for two years and still keep buying? One part of me was extremely scared ("I am YOLOing all of my money into this thing that might just fail") and extremely bullish at the same time ("this shit will go to infinity but it might take a couple decades"). + +Then 2017 came and we've experienced a wild increase of the price to 20k. Even my family got involved at some point because they've seen my huge gains and got FOMO. My mother turned her 5k into an equivalent of 50k. They started to interfere with my plan and give me (well meant) suggestions on when I should sell. Of course they didn't get it, they are too old to imagine a cyber future where this stash of satoshis will be the ultimate commodity. There was insane FUD around, including the biggest FUD I've ever seen, which was the block size wars (look them up if you don't remember it). Then the crash of 2018 came and everything evaporated. + +However, from this bull run onwards, I've never been in a loss ever again. The price never went lower than my average buy-in but that actually made my feelies even harder to manage. Now my thoughts weren't "Oh no, you could end up with a loss" but "OH NO YOU MIGHT END UP BEING TOO STUPID TO TAKE A PROFIT" which was way more frightening and ego-crushing. Although I had hands made of diamonds, I've had several moments in the year-long crash that followed where I almost sold. We saw 20k, 10k, even 6k, and I still believe that the fact that I use a hardware wallet (and not keep my sats on an exchange) is what ultimately saved me from making one of the biggest mistakes of my life, which would've been selling my stash at 6k. + +Fast forward 2020. How things can change. The covid crash to 3500 was completely different. I've seen the price drop in real time which triggered the most bullish sentiment in me that I've ever experienced. Without a doubt of seeing this as an incredible opportunity to buy, I threw a bunch of money in and converted it to BTC. I knew that BTC was on a fire sale! And then we've seen the beautiful (but this time not so mind-bending) bull run of 2020. + +Now, BTC is not only about cypher punks anymore. The game is world domination. I started to understand the waaaaaay bigger implications that this will bring to the world. Money is broken. The world is broken. Our governments are going nuts. Our politicians are noobs. And society is full of fear. I wonder if there is an asset that is invincible and that spreads freedom tech by infiltrating the hearts of people by promising them huge gains... Mhhhh! + +And now we're here. I look around this sub and all I see is myself. Many new people in this sub, many people afraid of losing their hard-earned money. I completely get it. It's how I felt. It is a lot harder to stomach if you haven't put in the time to learn about the tech. But that's why we're in this sub, to support each other. And I'm not saying that to sound corny, I'm saying that because I've experienced it 100% myself. Without this sub, I wouldn't have been able to recharge my batteries, rethink my strategy, reaffirm my conviction, and observe the development of bitcoin in real time. I wouldn't have seen masses of people giving emotional support to each other, because at the end of the day, this is what controls these price movements. Emotions. + +So, if you feel afraid right now. If you feel like you've made a huge mistake, if you feel like this could've been a bad decision, then good, this is what a huge part of the market is thinking right now. Observe your feelings, judge them with distance, extrapolate them to the masses of people also looking at exactly the same chart as you do. And start using that information *for you*. Fear is a part of the equation and the reason I've written up this long-ass post is so you can appreciate this without having to go through hell first, like I did. What you are feeling right now is almost "priced in". Money can be made when there is blood on the streets. + +That's my advice. Do not buy the next best shitcoin. Nothing is even close to becoming a "replacement" for BTC. Ask yourself why you like Bitcoin, learn as much as you possibly can (I highly recommend listening to the hundreds of hours of articles in the Bitcoin Audible Podcast) and keep stacking if you know why you're doing it. That's it, I'm out! Peace! + +TL;DR: Breath in, breath out, and HODL! + +Edit: Wow this one blew up. Thanks for all the kind words, I'm happy that I could help at least some of you. If you're interested in learning more on the macro view of Bitcoin (which is the rabbit hole that I've been falling into the last couple months), check out 📖 [this reading list](https://cryptpad.fr/pad/#/2/pad/view/DHVg4zdDwR57lXWFTPbnD1Gs+d-4GYrKj+uICJZu9pM/embed/) that I've compiled with a bunch of great articles. + +Edit 2: To all the FUD accounts that suddenly started swarming in: I know you, I can see you, and we all noticed that you move in groups. This one is for you:🖕 +I wonder what platform people use for their algo trading +(Basically back testing, data collecting, and live trading) + +I am a programmer, so coding is not a problem. +I tried to implement all system on my own (have a database server to collect and store tick data, implement back testing infra using my database, and live trading) +However, it seems like too much of a work + +I have also used quantconnect. It's good, but backtesting is too slow. I think the reason is basically that backtesting works same as live trading by fetching data sequentially, filter it, and trade. +However, I think I can improve speed a looot becase I know what kinds of strategy i would use and apply these assumptions to the system + +From ur experience, what do you think is the best infrastructure for algo trading? + +Stick to framework such as Quantconnect? +Or implement own infra? If so, what are good packages or libraries that I can use? + +Fyi, i am targetting both cryptocurrencies and stocks ( and also options?). +Just curious for those who own a business, are things down for the year or conversely, the best year ever? + +For non-entrepreneurs, are you seeing more career growth than you have ever seen before? + +I have numerous friends who seem to all be having far and away their best years ever (many cases 100%+ growth). Just trying to loosely gauge if that is representative of the overall population for people like the ones in this Fatfire group. +Hi FI community, I wanted to share my story so far since starting my FIRE journey and wanted to hear from you all if you have any advise for me. + +I'm currently in my mid 20's, growing up I worked really hard in middle/high school to get good grades and ended up attending a private university. When I got there I really struggled to keep up with the smart kids around me, it felt as if I was constantly struggling to pass the classes while others just breezed through. I fought through the struggle and mistakes and ended up graduating with a 3.5 GPA with a BA in CS. I'll be honest when I graduated I still did not believe I could code, and this really worried me. The silverlining was that I already had a job lined up making 60k at a tech consulting firm. I have been with them since graduation and now I make 110k. + +It was 1 year after I started working that I learned about FIRE. Fueled up, I immediately began maxing out my Trad 401k, Roth IRA, and HSA accounts. Since then I have continued to save/invest leftover money every month. However when I think about my career it seems now my entire shift has been to work for money. I count down the days until my next paycheck hits my bank account and I can invest it. I also constantly compare myself to other smart people I know on LinkedIn my age who are making more money or are further ahead in their careers. I'll be honest through my current job I feel like I know less than I did when I graduated. I am more confident in my consulting/soft skills but struggle to find another job because of my limited technical skills. With seeing how many people lost their jobs last year I started getting anxiety some days that I'll wake up and would be let go, knowing how hard it would be to find something else. The terrible combination of this jealousy, imposter syndrome, and money motivation factor has basically made my entire day look a little something like this: + +* Wake up at 7AM to shower +* Work from 7:30AM to 5:30PM pretty much non-stop +* Workout from 5:30PM to 6:30/7:00PM +* Cook dinner, sleep, repeat + +I've read about burnout on a few other threads and I do think I fit into the category, but I also don't see how some time off will really help me when I will have to make up all that work afterwards. As mentioned above also, looking for other jobs has been difficult since my work experience has been so soft-skill focused rather than technical, and even the 2 job offers I did get were a 20-25% paycut from what I am currently making. I'm wondering if anyone else here has advice for me or has been in a similar position what they did to help themselves. Thanks for reading the longer post, I love this community and so glad I found it to help begin my FIRE journey. + I always told myself my first home would be a small multifamily and I would live in one unit and rent out the others. Now that I’m in a position to buy my first property I’m not even considering it anymore, I’m looking at fancy high rise condos instead. The condos I’m looking at would take up around 20-25% of my annual income (including all taxes, HOA fees, insurance, mortgage, etc.). The condos would also be located in better neighborhoods within walking distance to major parks/attractions, and I really think the neighborhood I'm looking at is going to take off in property values in the next 5 yrs. I think this shift in mentality is driven by me wanting to find more balance between enjoying my life in the present and becoming financially independent. I’ve also realized that I can get my salary to grow dramatically in the next 5-10yrs, and I’d still be setting aside a good amount of money to invest/save if I had the condo. I’m still young at 22, but I had a 28 yr old coworker pass away recently and it’s been eye-opening that life is too short. Is it a bad decision for me to want to get the condo instead of a small multifamily property? I realize a townhome/multifamily property is a better investment over the condo, it’s more of a lifestyle question for people who were in similar situations. +Absolutely horrible decision by the government. Basically, like during Covid, they’re expecting landlords to pay the cost of poor government policy and take the hit on inflation. 2.5% rent increase while inflation is 8% and other utilities like gas are going up 20% in Ontario, which, landlords often pay. + +Horrible decision and situation right now. People are very misguided if they think that this is a good thing. +https://www.bloomberg.com/news/articles/2019-06-02/morgan-stanley-sees-recession-within-a-year-if-trade-war-builds + +Until recently investors assumed that Tariff Man would keep the trade talks in his back pocket, eventually striking a deal for an easy win before re-election. + +What many are now realizing, is that China may not come back to the table, or at least in the same manner that they had before. China’s Communist Party has pressure from their hardline nationalists to walk away. President Xi Jinping has created a political brand centered around more nationalistic policy that is critical of the “Opening of China” to Western markets. The politically safe move for Xi Jinping is to stand up to the US to prove China’s strength and independence, regardless of the economic ramifications. + +Another factor sinking in for investors is the prospect of supply chain disruptions which will take years to re-establish. As Tariff Man has proved his unpredictability with the addition of recent Mexico tariffs, companies cannot rely on stable trade policy to simply move their production from China to Mexico. There is an increased risk involved with relying on Tariff Man’s current trade policy to establish new supply chains, since they could be disrupted tomorrow with a simple tweet. Companies looking to establish new factories and supply chains may be inclined to wait until the end of Tariff Man’s reign to find some stability before re-establishing or expanding their production. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’ve been investing in about 10 Schwab and 10 vanguard etfs for the last few months. I feel like it’s a reasonable strategy but curious of opinions both pros and cons. +**Edit: please read** u/CanadaDiablo **comment, and stop awarding this post. Seems like this is just a big nothing burger by only changing the term "ETP holder" to "member organization"** + +&#x200B; + +Okay I can't believe no-one is talking about this here, or am i just blind? + +So apparently a NYSE rule change that goes into effect on sep 1st will allow after hour short trades to be marked long, basically making them invisible. + +>Proposed Rule 7.39(d)(ii) would provide that member organizations would mark all sell orders as “long” as appropriate. The proposed rule text is based on NYSE American Rule 7.39E(d)(ii) with a non-substantive difference to use the term “member organization” instead of “ETP Holder.” + +I definitely don't have the wrinkle power to know what this means, but it seems super shady. + +Here is the full filing [https://www.nyse.com/publicdocs/nyse/markets/nyse/rule-filings/filings/2022/SR-NYSE-2022-37.pdf](https://www.nyse.com/publicdocs/nyse/markets/nyse/rule-filings/filings/2022/SR-NYSE-2022-37.pdf) + +Any big brain apes with thoughts on this? + +Found this info thanks to Tom Zuzolo who made a [video](https://www.youtube.com/watch?v=LxPnYFRbsDs&t=5s) about it. + +&#x200B; +Giving the current nature of the market and all the implications of loss and lack of recovery. How is this not considered a crash? People keep posting about the coming crash!? Is this not it? I’ve lost every stock I’ve invested.. +[GME 4:1 Stock Split (in the form of a dividend!) | Everything you need to know!](https://www.reddit.com/r/Superstonk/comments/vtvbl8/gme_41_stock_split_in_the_form_of_a_dividend/) + +[Diamantenhände 💎👐 German market is open 🇩🇪](https://www.reddit.com/r/Superstonk/comments/w52sxo/diamantenh%C3%A4nde_german_market_is_open/?utm_medium=android_app&utm_source=share) + +\------------------------------------------------------------------------------------- + +We 100% get the excitement. Logging into CS and seeing that I am personally a X,XXX holder was a breathtaking moment but right now the sub is literally FLOODED with "I got my shares" posts. I am working on mass removals right now in order to make room for NEWS, MAJOR GLITCHES/ERRORS and USEFUL information. Partial fills and non updated prices are not news. Give it time. + +I don't mean to be a party pooper but please refrain from just sharing the fact that you got your shares for now. Make room for information discovery. This is an evolving situation and I will do my best to keep everyone updated. Back to purging new. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Update 1:** Lots of people in CS have gotten all their shares. some have partial splividend. Give it time and lets see how it works. Current theory is it is going in order of account creation. + +**Update 2:** Please spread the word for people to move to megathread. This makes an RC tweet look like nothing. I have never removed so many reposts. + +**Update 3:** Looks like most book shares have gotten dividend at this point but plan shares have not. + +**Update 4:** Top level comment authors. please help by editing your comment with new info to spread it. + +**Update 5:** lots of reports of partial dividend adjustments like getting 4x shares but price not being .25x and vice versa. Expect errors and fuckery. Situation is evolving + +**Update 6:** German market here [https://www.ls-tc.de/en/stock/gamestop-aktie](https://www.ls-tc.de/en/stock/gamestop-aktie) + +**Update 7:** Big brokers like Fidelity showing dividend shares + +**Update 8:** [Diamantenhände 💎👐 German market is open 🇩🇪](https://www.reddit.com/r/Superstonk/comments/w52sxo/diamantenh%C3%A4nde_german_market_is_open/?utm_medium=android_app&utm_source=share) + +Update 9: For those with questions on how the DRS bot works with the splividend [DRSBOT and the SPLIVIDEND](https://www.reddit.com/r/Superstonk/comments/w4mywr/drsbot_and_the_splividend/) + +**Market Open Update:** Lots of volume, lots of glitches. Thank you to everyone who helped direct people here. We will work on a more robust megathread and keep you updated. Until then do what you do best and contribute to the conversation. + +\------------------------------------------------------------------------------------- + +# For now feel free to comment here if you just wanna celebrate. Please upvote or tag me in anything really important and I will add it to the post. +PRIORITY EDIT: Software engineer apes, what FEATURE STORIES would you write to build a platform like this? Let's put more pieces together, let's help them do this. LET'S BE THE NICER STACKOVERFLOW FOR THEM. + +Apologies for the clickbait-y title. + +Before you read further down this post, please give this a read first [https://www.reddit.com/r/Superstonk/comments/pmdr0c/how\_nft\_taking\_a\_step\_back\_to\_look\_at\_where\_we/](https://www.reddit.com/r/Superstonk/comments/pmdr0c/how_nft_taking_a_step_back_to_look_at_where_we/), otherwise the rest of this post won't make sense. + +The one thing that bothered me a lot in my last post was "where the hell is GameStop going to get a list of shareholders when we all know there is fuckery going on in DTCC", and in search for the answers for this question I discovered some *NEXT LEVEL TIT JACKING INFORMATION*. + +**MEGAPHONE SHOUT OUT TO** [**u/SurVVhyNot**](https://www.reddit.com/u/SurVVhyNot/)**,** [**u/Toxsic99**](https://www.reddit.com/u/Toxsic99/) **and** u/GMEJesus **for finding supporting evidence for this.** + +# Part 1: The role of a Transfer Agent + +Let's look at the role of Transfer Agent listed on Sec's official site here - [https://www.sec.gov/rules/concept/2015/34-76743.pdf](https://www.sec.gov/rules/concept/2015/34-76743.pdf) page 89-90 + +&#x200B; + +[TA is the recorder keeper for the issuer](https://preview.redd.it/oylbne50txn71.png?width=805&format=png&auto=webp&s=296caccc32e131b2ec006434d8485c714bf1a0c7) + +&#x200B; + +[They keep transfer history too](https://preview.redd.it/85evmxq2txn71.png?width=802&format=png&auto=webp&s=c8e8d7bdb369d0fc9b45312fef598a16cf8d2890) + +So, at this point we know ComputerShare is the Transfer Agent for GameStop. [Source 1](https://www.sec.gov/Archives/edgar/data/0001326380/000119312519170214/d762862dex99a1c.htm) from SEC + +&#x200B; + +[2021 proxy here https:\/\/gamestop.gcs-web.com\/node\/18846\/html?fbclid=IwAR3Dk8eBXhr68HkOdgqVt-OK6jbGjoRZ2c22s0SJiIgiv20qJgqL6nLzLis secion 9, page 11 ](https://preview.redd.it/uiro9l1ahyn71.png?width=1280&format=png&auto=webp&s=82abc9a3a2464eb69bad8bb5499c75f6e2671a60) + +THANK YOU u/TOXSIC99 YOU'RE A LEGENDARY WIZARD + +&#x200B; + +This is a whitepaper I found on CS describing what they do as a TA [https://www.computershare.com/us/Documents/TA\_Overview\_WhitePaper.pdf](https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf) + +&#x200B; + +[Page 5](https://preview.redd.it/whnf0dkhuxn71.png?width=441&format=png&auto=webp&s=07c66d24eee20d4e334991e7317e0f87eefbf264) + +&#x200B; + +[Page 7](https://preview.redd.it/wn4kzb1juxn71.png?width=451&format=png&auto=webp&s=be539ff523071587592ee5b061db2d5c4d639f8f) + +Ok, so ComputerShare has the capability to do these things, that's good to know, how does this relate to MOASS? + +# Part 2: How did Overstock issue its digital dividend + +This was my hand on forehead moment - Dr. T and Wes Christian has mentioned Overstock in reference to battling naked shorting before, I thought, why not look into how they actually did it and how GameStop could do this? Here's the link to their website detailing this [https://www.overstock.com/dividend](https://www.overstock.com/dividend), they have basically laid out the plan for GameStop to follow. + +1. Type of dividend - in the case of Overstock, they're treating the dividend as a digital share with voting rights + +&#x200B; + +[A type of share, not just a token on the blockchain](https://preview.redd.it/fovcxu92wxn71.png?width=411&format=png&auto=webp&s=12ec40ba5d7abd2ab722f2dfea27f9ad6c7b9663) + +&#x200B; + +2. Where is it stored? + +[overstock has its own trading platform that's registered with SEC](https://preview.redd.it/ik8e2n4jwxn71.png?width=880&format=png&auto=webp&s=41e23de1e29818b861aeb761bc9d6cb9d78d9ce1) + +In their case, they have a platform that's registered with the SEC, which means they're thinking it in terms of shares and not just a token on the block chain. Huh, they also use ComputerShare as the Transfer Agent of said security. But wait, as a shareholder I can only buy shares through a subscriber to their platform, that appears to be a problem for the brokers who don't have the subscriber integration. + +&#x200B; + +3. What are some of the problems with taking the "digital security record keeping" approach? + +[it's just a ledger which allows no interactions, but hey remember in my last post i said they also need to package a wallet for us to receive them?](https://preview.redd.it/iqd41kp6yxn71.png?width=885&format=png&auto=webp&s=770a8cc3d1dadc1ef985851eae055452720bc34b) + +[https:\/\/irmagazine.com\/technology-social-media\/how-overstock-used-blockchain-distribute-its-digital-dividend](https://preview.redd.it/d6qphdfqyxn71.png?width=612&format=png&auto=webp&s=70dbb382de7254b405b8017f7a2b5443156f5a38) + +[cash is the only option when it comes to fractional shares in tZERO's approach, this is how they neutralized Overstock MOASS. this is the Achilles heel in this approach](https://preview.redd.it/286mzwshxxn71.png?width=879&format=png&auto=webp&s=c5b831c0a5bba4fdc6067c7465ac0e2ab8c4ee6c) + +&#x200B; + +# Part 3: How is GameStop going to solve these problems + +Again, [this post](https://www.reddit.com/r/Superstonk/comments/pmdr0c/how_nft_taking_a_step_back_to_look_at_where_we/) is required reading because this entire section is not going to make sense without it. + +GameStop is going to get a list of shareholders from CompusterShare since CS is the transfer agent. Cool, they have a list now but the majority of them are going to be under Cede & Co's name in CS's books ([see this](https://www.reddit.com/r/Superstonk/comments/ppcdrt/lets_be_thoughtful_this_is_in_regards_to_drs_and/hd4amn1/) discussion started by u/GMEJesus), but also let's take this directly from Sec's website (again) - [https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html](https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html) + +&#x200B; + +[when we hold shares in brokers they're the record keepers aka \\"street name\\" registration](https://preview.redd.it/xrkf9p7i1yn71.png?width=596&format=png&auto=webp&s=bddbed616362f653d2c8310baa365a2781fd8969) + +Didn't GME say something about this [in their prospectus](https://gamestop.gcs-web.com/node/18961/html#supprom192873_27)? + +&#x200B; + +[page 15](https://preview.redd.it/oehnkrmw3yn71.png?width=1281&format=png&auto=webp&s=4790cf28cc013a129c15880ea432b57dd1c6cec7) + +&#x200B; + +[also page 15](https://preview.redd.it/euauo8bebyn71.png?width=1265&format=png&auto=webp&s=0f0c24e90a3650e858b7948159f03ecf6e6eb15d) + +Cede & Co is going to have to figure out how to distribute those to shares held in their name, now, we know there is fuckery going on so how long will it take for those records to get reconciled? ***What happens when they can't reconcile those records?*** + +And, fractional shares, they're traded over ATS, how do we make sure they won't be issued like overstock's cash replacement? + +Enter CS's DIRECT STOCK PURCHASE. There has been so much fud in this area wrt what is considered a book entry. Let's look at the source material here [https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +&#x200B; + +[their DRP \(think ATS\) allows direct register with fractional shares, it's book entry just like whole shares](https://preview.redd.it/rjkosub28yn71.png?width=376&format=png&auto=webp&s=bfc81d0e3bbd6e13c79074de3f21399a38d7d63d) + +# THIS IS WHY DRS MATTERS, because when you directly register your shares with CS, GameStop will be able to distribute them BYPASSING DTCC altogether and greatly reduce the turnaround time and ENSURE DATA ACCURACY (aka they have access to a vetted list of individual shareholders) regardless of whether you own whole or fractional shares. + +&#x200B; + +[same sec site https:\/\/www.sec.gov\/reportspubs\/investor-publications\/investorpubsholdsechtm.html \\"BOOKS OF THE COMPANY\\"](https://preview.redd.it/dz9gbslg5yn71.png?width=601&format=png&auto=webp&s=19122c17bad5b94cd88d932bf01eb5c778236916) + +&#x200B; + +[It says pretty much the same thing on Overstock's website https:\/\/www.overstock.com\/dividend, they integrated tZERO system with CS already imo](https://preview.redd.it/8hkrjumw5yn71.png?width=870&format=png&auto=webp&s=c958f033e34d137d0f66ac963547759f6736b3e0) + +GameStop is building the platform (think tZERO) that's going to solve the problem with (cash) fractional shares by creating fractional tokens with ERC-20 and ERC-721 that don't necessarily have to be considered as a form of tradable security (this point is debatable if you feel otherwise please leave a comment and let's explore this). The platform can be used as infrastructure for game trading at a later date (think aws). tZERO does one thing but this new platform can do SOOOO MUCH MORE. + +&#x200B; + +# TADR: The MOASS started the moment we began direct registering, WE ARE THE CATALYST. + +&#x200B; + +Edit 11: From Sec's page again [https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html](https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html) + +&#x200B; + +[so this is a limitation for DR, please also take this into consideration](https://preview.redd.it/surm0n7yazn71.png?width=603&format=png&auto=webp&s=088d41d47ccb2828c010f4a76fac42cf576ec3e2) + +Edit 12: apparently you can get a list of active brokers here [https://www.sec.gov/help/foiadocsbdfoiahtm.html](https://www.sec.gov/help/foiadocsbdfoiahtm.html) + +I checked out the September data and ***DID NOT SEE COMPUTERSHARE REGISTERED AS AN ACTIVE BROKER-DEALER with the sec.*** + +# + +# This is also not financial advice. + +Though isn't it amazing that tonight there are multiple posts that all link MOASS and DRS together? + +&#x200B; + +[in the very slim chance you missed this https:\/\/www.reddit.com\/r\/Superstonk\/comments\/pps2yj\/direct\_registering\_shares\_drs\_is\_the\_moass\_key\/](https://preview.redd.it/wtbfnhvw41o71.jpg?width=1000&format=pjpg&auto=webp&s=5214e481d8522926f90c8942914f3ebc69be8e8b) + +\---------------------------------------------------------------------------------- + +&#x200B; + +Edit 6: Easter egg from Overstock's dividend page here? [https://www.overstock.com/dividend](https://www.overstock.com/dividend) + +&#x200B; + +[DIRECT REGISTER AND HODL, RECORD DAY IS COMING SOON MY DEAR FRIENDS.](https://preview.redd.it/873ndpq9uyn71.png?width=788&format=png&auto=webp&s=f75edb02eb563eb3a89274f5b8c4c5b18e5c9377) + +Edit 8: Can't hype without evidence. + +Edit 9: Evidence was not conclusive, no hype. This -->[https://www.reddit.com/r/Superstonk/comments/ppod1x/computershare\_only\_trades\_through\_the\_nyse\_look/](https://www.reddit.com/r/Superstonk/comments/ppod1x/computershare_only_trades_through_the_nyse_look/) though does provide some interesting data + +Edit 10.5 new flair idea: [Buy, Transfer, Hodl](https://www.reddit.com/r/Superstonk/comments/ppoumu/the_final_missing_puzzle_piece_the_moass_already/hd5m7m4?utm_source=share&utm_medium=web2x&context=3) + +Edit 1: linked SEC docs to prove CS as the TA + +Edit 2: Linked 2021's prospectus + +Edit 4: auto mod got me on the link to jungle + +Edit 5: RIP inbox, please poke holes in this in comments, I need to get some work done and will check back in a few hours. cheers :) + +&#x200B; + +Edit 10: [International Apes question thread](https://www.reddit.com/r/Superstonk/comments/ppoumu/the_final_missing_puzzle_piece_the_moass_already/hd5hmd9?utm_source=share&utm_medium=web2x&context=3) + +Edit 13: ["General Questions" thread](https://www.reddit.com/r/Superstonk/comments/ppoumu/the_final_missing_puzzle_piece_the_moass_already/hd631un?utm_source=share&utm_medium=web2x&context=3) + +Edit ? : [Roth IRA question thread](https://www.reddit.com/r/Superstonk/comments/ppoumu/the_final_missing_puzzle_piece_the_moass_already/hd5svxl?utm_source=share&utm_medium=web2x&context=3) Answered by [u/Nomes2424](https://www.reddit.com/user/Nomes2424/) in [this thread](https://www.reddit.com/r/Superstonk/comments/ppu676/computershare_is_not_a_scam_it_is_legit_rich_and/) + +Edit 14: need dinner and step away from screen for a bit, will catch up tomorrow. also rip inbox, sorry if i missed you + +Edit ???: As someone pointed out the edits are making this thread unprofessional, cleaned up. thank you u/hamzah604 you beautiful ape. +https://www.france24.com/en/20191018-us-imposes-record-7-5-billion-tariffs-on-eu-goods-targeting-wine-and-airbus-1 + +>Speaking in Washington hours before the tariffs were due to come into effect, France's Economy Minister Bruno Le Maire warned the move would have serious repercussions. + +>"Europe is ready to retaliate, in the framework of course of the WTO," he told reporters shortly after meeting with US Treasury Secretary Steven Mnuchin on the sidelines of the International Monetary Fund annual meetings. +https://www.barrons.com/articles/kodak-stock-generic-drug-ingredients-government-loan-51596031726 + +Stock halted at $50.66 it opened around $17 this morning and you could buy it near close at $2.75 Monday July 27 2020. + +1000 shares cost you less than $2800 currently valued at $50,660 (assuming you could sell) +[link](https://www.cnbc.com/2020/07/08/bed-bath-beyond-bbby-reports-q1-2020-loss-200-store-closures.html) + +Bed Bath & Beyond said Wednesday its sales tumbled nearly 50% during its latest quarter, even as online sales surged more than 100% during April and May with consumers stocking up on cleaning supplies and home decor. + +The company said it plans to permanently close roughly 200 of its namesake stores over the next two years, starting later in 2020, as it works toward getting back to profitability against the backdrop of the coronavirus pandemic. As of May 30, it operated a total of 1,478 stores, including 955 Bed Bath & Beyond shops. + +Bed Bath — which also owns the chains buybuy Baby, Christmas Tree Shops and Harmon Face Values — said these actions should generate annual cost savings of between $250 million and $350 million, excluding related one-time costs. +As stated many times over, we have gotten a lot of noobs here in the past few months (myself included). I understand that this is reddit and sarcasm has a huge role here. + +However, a lot of people have come to this sub to learn and haven't been here for the inside jokes. The sarcastic posts and inside jokes aren't always clear. + +I know, I know, do your own DD. I get it. A lot of posts are great and informative but can be derailed quickly with a joke that most dont get. + +Just my $.02 (see what I did there? Penny stocks) +Guys, not trying to be rude, but THIS ISN'T FACEBOOK! Please if you see something that looks like news, just do a cursory search and see if it has already been posted. And then upvote the original. Simple. + +The Cohen tweet, the Melvin losses, and now the debt payment have an *insane* amount of reposts, and all with a few thousand upvotes for some reason! Which could be drowning out perfectly good DD/Research. + +Funnel all your upvotes to the original poster and then move on, we don't need to see it 12 more times. + +Other than that, HODL! 💎👊 + +Edit: at roughly the same time I typed this up, the Kevin O'Leary vid was posted about six times and *again* all with several thousand upvotes. It never ends... LMAO +Have any of you decided to get a 3/Y based purely on them fitting better in your life than an S/X? If so, what drove the decision? + +I’ve got a Model S Plaid edition ordered, due to be ready for pickup in the next two weeks. Have been very excited about this for the past few months. However… after having the chance to drive a performance Model Y I was blown away by the acceleration. The cabin was pretty sparse compared to what you’d get in a Model S, but it seems that we’re not really getting very much more for an additional $70k. And there is a potential downside that the Model S is bigger and harder to park in a busy city than a 3/Y. And not sure any performance over the 3/Y has any real-world use. + +Feels strange as I’ve always wanted to have a true daily driver sports/luxury car, but now that I can easily afford one I’m starting to think that non-high-end cars have come so far that the additional $70k for an S over the 3 or Y might not be worth it. Budget isn’t a problem, and either option will make no difference to our financial situation. Guess that while I’m no longer price sensitive, I’m becoming sensitive to perceived value/utility. + +For the record, I also test drove a few other $150/200k cars like a Mercedes GT AMG and while they were incredible, they definitely seemed to be a weekend day trip only cars. + +And this seems relevant to FatFire because every other subreddit will focus on the price difference, where I’m focusing on the practical differences. + +Edit 1 - grammar and spelling + +Edit 2 - wow, thanks for all the input everyone. I'm going to head back to my local showroom this evening and take a look at what they've parked outside. I'm set on the S. Now just have to make a final decision on the blue metallic vs. midnight silver metallic exterior color (assuming the delivery time is similar) +I am finally done with investing/options, I finally give up, I watched Starbucks drop $10 straight in front of my face and I wanted to make a put the whole time, I finally do and every single last fucking day since the price goes up multiple percent, I fucking quit. All I do is lose no matter how much I learn, I’ve been doing this for 2 years and I still can’t figure it out so I’m withdrawing my cash shutting down my brokerage accounts and I’m just fucking done + +Edit: I’m not actually gonna quit I just wasn’t thinking clearly this morning. I basically had no strategy other then just entering for the sake of entering which not only do I know to never do, but I’ve learned from in my past and vowed not to do, I’m 18 and my brain isn’t developed yet so I guess I can’t make rational choices but I’m going to take a break and evaluate the situation so I can come back and be profitable, I’m going to paper trade options because I can’t seem to be consistent, I deposited $400, dropped to $150, got back to $509, and I’m currently at $70 because I deposited $250 into my account, and sent $50 to forex. So basically $400 to $150 to $370, this isn’t the biggest f*** up but it just rattled my fucken nerves this morning lmao, I have a fat ass headache and I feel sick rn but that’s just mental, I’ll be completely over this in 72 hours. +🏆 Achievements + +&#x200B; + +🔥 FULLY DOXXED AND BACKED BY AN INFLUENCER (KEN THE CRYPTO) + +🔥 10000 holders + +🔥 Partnership with NFL player zachwoods and more partnerships to be announced + +💸 400k liquidity and growing rapidly! + +🔥 Hit all time high of 40 million$ market cap💸 + +🔥 Burned 8T tokens due to milestones + +🔥 Blockfolio in few days(confirmed)!! + +🔥 CMC in progress + +🔥 CG in progress + +🔥 Multiple Shout outs and mentions from large Social Media Influencers and Youtubers + +🔥 Almost 9k members in telegram + +🔥 Active community and giveaways for contributing + +🔥 TechRate Security Audit + +🔥 White Paper + +🔥 Daily AMAs and live streams + +🔥 Daily Raids and shilling 🔫 + +&#x200B; + +&#x200B; + +\-------------------------------------------------------------------- + +&#x200B; + +&#x200B; + +🗓 Upcoming: + +&#x200B; + +✅ BLOCKFOLIO IN FEW DAYS! 🔥 + +✅ More social media giveaways soon + +✅ Already paid for more marketing campaigns (Big Youtubers and tiktokers) + +✅ Spoken to CMC and CG for expedited listing 😍 + +✅ Multiple incoming Shout outs and mentions from large Social Media Influencers and YouTubers + +&#x200B; + +\-------------------------------------------------------------------- + +🚀100x Tokenomics + +&#x200B; + +This is a deflationary coin with a limited supply. No more $100x can ever be minted. It has a transaction tax of 7% which is split 3 ways. + +&#x200B; + +&#x200B; + +💎 3% Goes to autoburn so the value of your tokens increase overtime + +💎 3% Fee is added back into liquidity. + +💎 1% Goes to marketing + +💥 Current Supply: 934,556,429,157,020 + +&#x200B; + +\------------------------------------------------------------------ + +&#x200B; + +🚀 Token: + +❇️ Contract: [https://bscscan.com/address/0x016C285d5b918B92aa85EF1e147498BADfe30d69](https://bscscan.com/address/0x016C285d5b918B92aa85EF1e147498BADfe30d69) + + (Audited by TechRate) + +&#x200B; + +🍰 Buy here on pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x016C285d5b918B92aa85EF1e147498BADfe30d69](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x016C285d5b918B92aa85EF1e147498BADfe30d69) + +&#x200B; + +📈Charts: [https://poocoin.app/tokens/0x016c285d5b918b92aa85ef1e147498badfe30d69](https://poocoin.app/tokens/0x016c285d5b918b92aa85ef1e147498badfe30d69) + +&#x200B; + +🔐 Liquidity: [https://bscscan.com/token/0x016c285d5b918b92aa85ef1e147498badfe30d69](https://bscscan.com/token/0x016c285d5b918b92aa85ef1e147498badfe30d69) + +\------------------------------------------------------------------- + +&#x200B; + +⚡️ Official links: + +💬 Telegram: [https://t.me/ELOofficialchat](https://t.me/ELOofficialchat) + +🌐 Website: [https://www.100xcoin.io/](https://www.100xcoin.io/) + +🐦 Twitter: [https://twitter.com/100XCoin\_](https://twitter.com/100XCoin_) + +🔥 Reddit: [https://www.reddit.com/r/100xCoin/](https://www.reddit.com/r/100xCoin/) + +👁 TikTok: [https://www.tiktok.com/@100xcoincummunity?lang=en](https://www.tiktok.com/@100xcoincummunity?lang=en) +I’ve just recently turned 19 and I want to start to get serious about my money. I’ve always been pretty good at putting money away but there is a lot more too it than that. What kind of things do you wish you knew at my age? Any tips advice or stories would be much appreciated thank you. +I posted this yesterday after close and it got less traffic than DRS ring images yesterday so I'll try one more time. It's a bit of reading but it's worth understanding. + + +Here's [Goldman, BNY Mellon and Citadel dancing together](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) + + +Here's a [Goldman/Citadel related defunct exchange trading $GME puts](https://www.reddit.com/r/Superstonk/comments/pauf6x/found_connection_between_todays_movement_and/) + +That exchange [lit up again, spoofing](https://reddit.com/r/Superstonk/comments/qc26b2/spoofing_right_around_cs_buy_time/) + +Citadel has [a direct connection with EDGX](https://www.reddit.com/r/Superstonk/comments/ox93kt/citadels_connection_with_cboe_global_markets_and/) where that originated from. + +Citadel has been fined for spoofing before, [It's why they were kicked out of China for 5 years](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> ***The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices.*** It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks. + +Note: Citadel was using algorithms to spoof and to make the market super volatile. + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> [The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices. It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks.](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + + +Here's a *different* defunct [Goldman and Citadel exchange popping up to do wash trades](https://www.reddit.com/r/Superstonk/comments/psl6cj/drctedge_exchange_owned_by_citadel_goldman_sachs/) + +It is known that [BNY Mellon turns a blind eye to this behavior](https://i.redd.it/4rsmlzn90vu71.jpg) + +Here's how Citadel and Co are [internalizing retail orders like Madoff](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) which led to FTDs from internalizing orders (see page [35 of SEC report](https://www.sec.gov/news/press-release/2021-212) ) + +Here's [Citadel telling you they internalized the hell out of that day](https://mobile.twitter.com/citsecurities/status/1442629361958637568) + +&nbsp; + +Goldman Sachs is [the clearing broker for Citadel](https://www.reddit.com/gallery/meov7p) "and in that capacity may have custody of funds or securities of Citadel Securities LLC" + +&nbsp; + + Citadel got so big... [by buying Goldman's DMM business after it merged with another.](https://www.prnewswire.com/news-releases/citadel-securities-reaches-preliminary-agreement-to-acquire-dmm-unit-from-imc-301149075.html) + +> Citadel Securities, a leading global market maker, today announced that it has reached a preliminary agreement to acquire IMC's Designated Market Making (DMM) business on the floor of the New York Stock Exchange (NYSE). + +> IMC has been a DMM on the NYSE since 2014, when it acquired Goldman Sachs' DMM business. Since 2014, IMC has expanded its market making operations with an increased focus on ETFS and options and has also increased its U.S. operations almost two-fold to nearly 400 people in support of its trading operations growth. The sale of the DMM business at this time, which represents a small portion of its overall U.S. operations, is consistent with IMC's growth strategy. IMC is committed to growing its ETF and options business, as evidenced by its ongoing performance as a Lead Market Maker in over 150 ETFs and a Lead Market Maker in over 500 Options classes, as well as registered market maker in all products it trades.   + +&nbsp; + + +I also want to point you to an old lawsuit [where Citadel was just not closing out FTDs,](https://www.reddit.com/gallery/qd1wme) sound familiar? + +And a [second Citadel lawsuit](https://www.reddit.com/gallery/qd27v5) where they just *don't report short positions, and cover their tracks by marking a few longs as short...* + +&nbsp; + +Oh and ***guess who was giving loans to Robinhood in January*** Aka you can't fulfill the DTCC margin call so come up with something else like PCO + +> [Robinhood’s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to data compiled by Bloomberg.](https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult) + + +JPMorgan and Goldman are [prime brokers for Melvin who started the shit in January.](https://www.reddit.com/gallery/qcgfwm) + + Right [before the PCO day](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) + +Now go [reread this conversation with that context](https://i.imgur.com/CFw37Im.png) + +What exactly were Goldman and Citadel doing [with this company](https://imgur.com/a/VDeKsIv) + +&nbsp; + +*** + +Now on to Archegos. + + [Goldman, Morgan Stanley Sued Again Over Archegos-Tied Sales](https://www.bloomberg.com/news/articles/2021-10-21/goldman-morgan-stanley-are-sued-again-over-archegos-tied-sales) + +> Goldman Sachs Group Inc. and Morgan Stanley were sued by shareholders of a Chinese online-education company that accused the banking giants of trading on inside information when unloading the stock they held for Archegos Capital Management. + +Melvin and Citadel underwriters *at it again.* + +&nbsp; + +Credit Suisse were [hiding 540k GME puts](https://www.reddit.com/gallery/otzu3e) in Brazil via [BNY Mellon.](https://imgur.com/U1smdwe.jpg) [(Archegos anyone?)](https://www.credit-suisse.com/articles/media-releases/2021/07/en/archegos.html) *(Goldman and Morgan Stanley 😆 at you)* + + +You can see [their website here](https://servicosfinanceiros.bnymellon.com/AppPages/investimentfunds/funds.aspx) + +One of those Credit Suisse funds disappeared in the last 4 weeks and now they get [fined for corruption huh?](https://www.sec.gov/news/press-release/2021-213) + + +The ones that Bloomberg said ["are just a bug and have been addressed"](https://www.reddit.com/r/Superstonk/comments/oxv148/brazilian_puts_bloomberg_says_they_were_a_bug_and/) + +Suddenly a [Brazilian bank has a ton of puts?](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/) Surely a big coincidence. + +The other Brazilian company hiding puts [BNY Mellon also is administrator of](https://imgur.com/Hl1MFPm.jpg) like the assholes have a 'get out of reporting by hiding in Brazil' service for a fee. + + +And it's known BNY Mellon hides shit from their books and reporting. + +> An SEC investigation found that BNY Mellon deviated from regulatory capital rules by excluding from its calculations approximately $14 billion in collateralized loan obligation assets that the firm consolidated onto its balance sheet in 2010.  + +> [BNY Mellon never obtained Federal Reserve Board approval as required under regulatory capital rules to exclude the assets from its calculations.  Due to the miscalculations and the firm’s lack of internal accounting controls to ensure its financial statements were being prepared properly, BNY Mellon understated its risk-weighted assets and overstated certain risk-based capital ratios in quarterly and annual reports from the third quarter of 2010 to the first quarter of 2014.](https://www.sec.gov/news/pressrelease/2017-9.html) + + +&nbsp; + +I think [Pablo might know something](https://www.citadel.com/leadership/pablo-salame/) as he + +> is Head of Global Credit at Citadel, responsible for leading the firm’s developed and emerging market credit strategies and convertible arbitrage activities. He also serves on Citadel’s Portfolio Committee. + +> Prior to joining Citadel in 2019, Pablo worked at Goldman Sachs for more than 22 years, most recently serving as Co-Head of the Securities Division for 10 years. His previous roles include Head of European Equities Trading, Co-Head of Global Credit, and Global Co-Head of Emerging Market Debt. He began his career working for Citicorp. + +[This guy too](https://www.bnymellonwealth.com/profiles/leadership/avi-shua.jsp) whose puts are those huh? + +> Avi Shua is the Managing Director and Chief Information Officer for BNY Mellon Wealth Management. In this role, he is responsible for technology strategy and implementation for the Global Wealth Management business.   Avi is also a member of the BNY Mellon Technology Executive Committee, as well as the Wealth Management leadership team. + +> Avi joined the firm in 2018 and has more than 27 years of industry experience in the financial services sector. Prior to joining the firm, ***Avi served as Global Head of Private Wealth Management Technology for Goldman, Sachs & Co.  During his tenure at Goldman, Sachs, Avi held senior roles in the investment, merchant banking, asset management and commercial banking technology organizations.*** + + +&nbsp; + +Pretty obvious when Kenny is [flying to Burlington, Vermont. Spent only a few minutes on the ground before returning to Teterboro](https://www.reddit.com/r/Superstonk/comments/pvelk4/update_on_mayo_force_one_movements/) what he's up to + + +Burlington is [home to Goldman Sachs Asset Management.](https://www.gsam.com/content/gsam/us/en/advisors/resources/advisor-resources/dcio.html) + + +&nbsp; + +And *all of that* doesn't even touch on [BNY owning Dreyfus](https://en.wikipedia.org/wiki/Dreyfus_Corporation) and the implications of that. + +Because [they do](https://www.prnewswire.com/news-releases/bny-mellon-investment-management-to-rebrand-dreyfus-300804822.html) + +&nbsp; + +And it's publicly known these specific banks *were skirting the line with VAR as is.* So one single boom from a client like Melvin really could have started a ripple to Citadel, who they also are custodians for and now are liable for both bags of shit. *Did they force Citadel to give Melvin cash?* + +> Of the eight US global systemically important banks (G-Sibs), Morgan Stanley and Bank of America have been operating closest to their value-at-risk estimates over the first quarter of the year. Banks must disclose their three largest trading losses each quarter as a percentage of VAR. + +> [The largest losses-to-VAR ratio at Morgan Stanley was 90.73%, the highest of the US G-Sibs. Bank of America was close behind, with a ratio of 89.42%. BNY Mellon posted the third-largest trading loss of the group](https://www.risk.net/risk-quantum/7836081/morgan-stanley-bank-of-america-push-var-limits-the-most) + + +Other than that one company that keeps randomly not being able to pay costumers, keep lights on, or keep services up. + + + Speaking of them... + + There's [also this](https://www.marketwatch.com/story/ny-ag-fines-bank-of-america-42-million-for-fraudulent-masking-scheme-2018-03-23) from 2018 + +> New York Attorney General Eric Schneiderman said the state has reached a record $42 million settlement with Bank of America Merrill Lynch BAC over a fraudulent "masking" scheme in the bank's electronic-trading division. ***The bank told customers it was executing their orders in-house, but instead was routing them to ELPs (electronic liquidity providers), such as Citadel Securities, Two Sigma, Knight and others.*** The bank "masked" the deals by replacing the identity of the ELP with a code that indicated the orders were carried out by B. of A. Merrill Lynch. "Bank of America Merrill Lynch went to astonishing lengths to defraud its own institutional clients about who was seeing and filling their orders, who was trading in its dark pool, and the capabilities of its electronic trading services," Schneiderman said in a statement.  + + +&nbsp; + +And that's *really not good* when [Citadel is 7 of the 8 FICC CCIT members](https://i.redd.it/qcsfdlq0by471.png) (how, who the hell knows) and BNY Mellon is their clearing bank for triparty transactions. [(Which is what the FICC CCIT is)](https://www.dtcc.com/clearing-services/ficc-gov/centrally-cleared-institutional-triparty) (the only other triparty clearing bank being JPMorgan) + +Now tell me again why [Citadel was at this meeting?](https://news.bloomberglaw.com/securities-law/china-wall-street-meeting-focused-on-transparency-stability) + +> The three-hour meeting of the China-U.S. Financial Roundtable on Thursday included the head of the People’s Bank of China, and executives from Goldman Sachs Group Inc., Citadel and other Wall Street powerhouses, according to people familiar with the talks, who asked not be named because the meeting was private. + +Could it be [BNY Mellon exposed them to this debt](https://www.bloomberg.com/news/articles/2021-04-13/bny-mellon-opens-4-trillion-repo-niche-to-holders-of-china-debt) as they are 7 of the 8 members. + +&nbsp; + +Aka the Evergrande and 4 other biggest real estate firms in China are *really not good* for the US triparty system (US treasuries). + +Here's [Evergrande, Sinic and Modern land](https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338_story.html) warning of issues + +Here's [China properties Group defaulting](https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-Properties-defaults-on-notes-worth-226m) + +And [Sinic defaulting](https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads) + +And [Fantasia Holdings, a China princeling defaulting](https://www.bloomberg.com/news/articles/2021-10-21/princeling-s-surprise-default-roils-global-investors-in-china) + + +&nbsp; + +This also doesn't even start down the discussion of [every time Ken Griffin's plane starts flying, huge crypto transactions follow](https://reddit.com/r/Superstonk/comments/qcwnlz/mayo_force_update_for_october_21_interesting/) +Hey Everyone, + +I thought I would share my story since I enjoy hearing how other people are doing on their path to FIRE. I have laid it out effectively in terms of school years since I still think in those terms. I only discovered FIRE in the last three years so I also don’t know my net worth for most years but have included estimates that are likely close. + +**College and background** + +I grew up in a low income household and felt very poor. Ended up at a highly selective liberal arts school. Their financial aid was pretty great at first but fell off a bit. I remember paying only $4,000 for my first year. This jumped to about $10,000 per year for the next three years. Not bad for the experience though. I had only saved a few thousand for college and I wasn’t excited about the prospect of debt, so I worked during school. 25-30 hours a week generally. On top of a very difficult course load (40-60 hours a week on coursework) I ended up feeling very tired and stressed. Looking back I regret working so much. I didn’t even make that much money really. + +I studied Physics. A friend of mine tried to get me to take Economics, but it never fit my schedule. I tried to take a Computer Science course, but I couldn’t take it due to demand. I regret both of these things. + +**Year 1 (June 2012):** + +**Salary $52,000 Cash $12,000 Debt $17,000 NW $-5,000** + +While I had always wanted to get a Doctorate, I became disillusioned with the post graduate school job market and decided to enter industry instead. I started working at a small manufacturing company as a Physicist/Manufacturing Engineer. It turns out there are not a lot of options to pursue as a physicist. I didn’t know what I was doing but at least there wasn’t too much pressure on me. Moved to a MCOL area. + +Paid off my debts in several months thanks to dirt cheap living expenses (<$1000/month). This was thanks to $400/month rent due to sharing a house with four other people in a not great part of town. I didn’t really track my net worth. I just deposited money in my checking account and tried not to spend too much. I think I put around 8% in my 401k. Looking back, I should have maxed it. + +**Year 2:** + +**Salary $57,000 NW $20,000?** + +Not much to report here. Just worked. Started graduate school part time in Mechanical Engineering. I felt a lack of options with only a Physics degree and felt I would have more options with an MSME. Probably a great choice especially since my work paid for it. I also initially enjoyed classes. + +**Year 3:** + +**Salary $63,000 NW $50,000?** + +I bought the house that I was renting. I probably overpaid for it, but I rented out rooms so it more than paid the mortgage. I guess I was house hacking. It really was about doing something with the money that was just accumulating in my savings account. Investing was scary to me. I borrowed $25,000 from my mother to help me cover the deposit and avoid PMI. I agreed to pay her back over the next 2.5 years. + +I also got engaged this year. More on this later. I continued taking classes. + +**Year 4:** + +**Salary $70,000 NW $100,000?** + +I got married! My wife was an artist so didn’t bring in very much money but also was debt free. We kept two renters, but they no longer covered the mortgage. Between a decrease in rent, paying for healthcare for my wife (an extra $400/month), and paying back my mother, things felt very tight. I kept contributing to my 401k though. This brought a fair amount of stress to the relationship. **I highly recommend talking about earning expectations before marriage.** We talked about everything else, but somehow this didn’t come up. I think in part because I was doing fine on my own and didn’t connect the loss of rental income plus increased expenses with marriage. What we did that helped was to budget. This was absolutely critical. + +**Year 5:** + +**Salary $77,000 NW $140,000?** + +This was a big year in many ways. Finished graduate school. Woo! Unfortunately part way through graduate school I realized I didn’t want to be an engineer. I enjoyed the business side of work and should have gotten an MBA. + +My wife applied to graduate school as we decided she needed to have a more steady career. We paid off the loan to my mother. The payment was the size of a mortgage, so it felt like we finally had some breathing room. + +Perhaps most importantly, this was the year that I discovered FIRE. This was good because I really started disliking my job at some point this year. **Started maxing my 401k.** + +**Year 6:** + +**Salary $87,000 NW $175,000?** + +I got promoted at work and started managing a team of engineers. I again liked my job though it was more stressful. I also applied to MBA programs. Missed out on top tiers schools (screwing up my Wharton interview is a very sad memory) but got an offer for full tuition at a mid-tier. Thanks to the promotion I decided to do part time grad school again since the company would pay for it. This was painful but probably a good choice. + +Started ROTH IRAs for myself and my wife. My wife started graduate school. She worked part time as well. Between part-time work and scholarships, most if not all of the cost was covered. + +**Year 7:** + +**Salary: $95,000 NW $250,000** + +Started grad school. Sold my house and moved to a small 1 BR apartment in a nice part of the city we live in. It was nice to get money out of the house and be able to invest it. I didn’t make a ton from the house sale but it lowered stress. Home ownership, especially for an older home, requires a lot of work. + +Started tracking balances every 2 weeks. Felt like this was a good balance of knowing what is happening without getting obsessed. + +**Year 8:** + +**Salary: $123,000 NW $325,000** + +I finished grad school part 2. Wife finished graduate school. I negotiated for a much higher salary at work. Started disliking work again though. Unfortunately covid happened so my wife was furloughed and went to doing gig work. She definitely made some money but it isn’t included in salary here. Started to finally not feel poor as well. That may be silly that it took so long but growing poor leaves marks that take a long time to fade. Something about hitting a significant income level and living in a nicer spot made a big difference. + +**Year 8.5 (Present)** + +**Salary: $130,000 NW $400,000** + +I accepted a job offer in a HCOL/VHCOL city. I will be making less when accounting for cost of living differences, but I think I will enjoy it more and have more growth options (edit: its a technical marketing role). My wife also just started work (another \~$60,000/year). The last time I checked finances we just crossed $400,000, which felt like a big milestone. Hitting six figures in a taxable account just happened as well and this was very exciting. + +**My recommendations**: + +1. Use a budget. I have had a high savings rate thanks to budgeting. +2. Max out your 401k early (unless it is a terrible fund or something). It will hurt but you can get used to it. +3. Talk about earnings/career expectations before marriage. Create a budget together before getting married. +4. Invest in yourself. Doing part time grad school twice was a good career choice even though it was very difficult. My company paid for it both times. +5. Home ownership can be a great vehicle for wealth building. I found it stressful and detracted from work. Investing in myself and my career will likely end up being a better choice for me. YMMV. + +Thanks for reading and for all of the encouragement that this community provides! + +Edit: I got a question about NW allocation: + +\- Savings: $50K (about to buy a car and move so have been hoarding cash for the last few months) + +\- 401K: $185K + +\- Roth IRA: $60K + +\- Brokerage: $105K + +Further edit: target number is $1.25 million. Probably another 12-15 years of work. + + +Last edit: A fair number of comments about whether or not I was poor growing up. I grew up in a single-parent family as the youngest of four children. We were below the poverty line until I was at least 12 when a second sibling moved out. I was on free school lunches until it was just me and then I was on reduced school lunches. My mother was a saver who had a full-time job and always took part time gig work as well. So once she was able to save due to her kids moving out, she did. That is why she was able to loan me money at that point (20+ years from when my dad left her). I am sure that plenty of people have worse situations than mine, but I assure you, we were indeed poor when I was young. +I've always been thinking of owning real estate since it is a great way to build wealth, but given how things are going right now, I'm starting to have second thoughts. Considering how unstable the market is right now, spending money on things like this is not exactly the best course of action. Due to the fact that real estate is so expensive, I don’t think I can necessarily afford that right now. + +But I really want to get into real estate investing, but in a way where I won't have to buy actual property. I am pretty new to this so I don’t really have any idea on how to start. Is there something similar to real estate? Or are there any indexes that track real estate in some way that I might invest in? +I work in automotive lending for a major automotive lender. With increased technology, credit swipes, credit boosts, authorized user credit, and just straight fraud, FICOs are starting to become unreliable. Below is an example of what I’m referring to: + +Yesterday I had two separate applications that stood out. + +Customer A: credit had a perfect paid auto, 3-4 perfect paid credit cards, 1 perfect paid installment loan and a student loan that had 1 payment over 30 days past due, the rest were perfect. + +Customer B: had 15 credit cards, most had at least 2-5 over 30 days past due, a prior bankruptcy, a prior auto loss, a couple installment loans paid slow and they were currently 6 months past due on their mortgage. + +Customer A: 389 FICO + +Customer B: 708 FICO + +Both were trying to get a similar style car around 30k, it was affordable for both. One got approved the other did not. The 389 FICO was approved, 708 rejected. + +Customer A’s FICO was so low because in their specific circumstance their student loan counted 24 times. As a lender and someone with student loans myself I understand that most likely they just missed 1 total payment. + +I bring this up to make a point to stop worrying about what your FICO number is, and instead worry about what makes up your credit. Pay your major credit first: autos/mortgages. If you’re going to be late on something, do it on something not detrimental to your finances (like a low interest student loan). Have individual credit, don’t rely on parents/partners credit cards to boost your score, we see it and know you do it, and don’t try to cheat the system. There are tons of people like me who look at credit all day every day, we know what to look for and generally can play the game better than most. + +I say all this with the caveat that some banks have not gone away from using the FICO as an end all be all. It’s still important for determining rate tiers. However most are starting to learn the tricks. I would not be surprised if in the coming years a FICO score becomes irrelevant. So instead of trying to inflate your score, just work on paying the important things on time every time. + +Edit: I appreciate all the hype from the post and the golds/silver. I’ve tried responding to the majority of comments requesting more information or clarity from my standpoint. If I missed you feel free to let me know and I’ll help explain to the best of my ability. +I am 24 (going to turn 25 soon) and after college I accepted a job that completely ruined me. I started to get extremely bad depression and anxiety and had to quit. I was unemployed for around a year (working side jobs like DoorDash) and accumulated a lot of debt from that - a little over $15,000 + +In October last year I got a new job making $63k and about a month ago they raised my salary to $90k. 🥳 So, I have been making very aggressive credit card payments since I got my raise, but my interest is 21%... It seems like whenever I make a credit card payment, I get hit with $250 worth of interest. It's a never ending cycle and it is so discouraging. + +I recently have been looking into getting a personal loan and I have found two really good options with Upgrade. Both require me to give up my car title as collateral. My car is fully paid off and is probably worth around $10,000. My APR would be around 9%, which would greatly reduce my stress. I kinda just wanna know though - is this a good idea?? + +I can also do a personal loan with my debit card company (TD Bank) for 13% APR, without my car title as collateral. Upgrade is offering me a personal loan without collateral for 12% APR. + +I have not added to my CC in around two months and I can truly say I do not think I will fall back into CC debt if I did take a personal loan out to pay for it. I have been on a very strict budget with myself and with my new income - I can comfortably afford all my bills. + +For the 36 month option, the payment would be $450 - which I can make. For the 60 month option it will be $250. A part of me is wondering if I should go for the 60 month option just incase there's a month or two where I cannot make the $450 payment or if something were to happen with my job (which I doubt will happen but you never know) What are your thoughts? Should I use my car title as collateral? And which month term should I make? + +Edited to add: I really don’t need your judgement or comments about my situation or “how did you get into that much debt?!!!” What’s done is done. I don’t need to be told that I’m a POS for even having debt when we’re living in a year of rapid inflation. Congratulations if you feel like you wouldn’t have this problem. That does not help me in any way. I just wanted advice on how to cut down on the interest, not opinions. +I currently have about $2.4 million in stock. I earn about 47k from dividends. + +4% of 2.4 million is 96k. + +Does the 4% withdrawal rate mean that in addition to the 47k that I earn, I should only sell at most 49k worth of stock if I want to spend a little more that particular year? +**Currently pumping at 6M MC** + +The $FCF team has won the Crypto Innovation of the year at the dubai crypto expo! FCF PAY is changing the way the world spend and earn cryptocurrency. + +The team is in negotiation and signed NDA with dozens of Payment service providers and top tier exchange to partner with FCFPAY to allow merchants into easily accepting any crypto as currency! + +The Team is doxxed, always delivers on their promises! This token is 1 year old and keeps on growing! + +**Discover our Revenue Sharing Token Ecosystem! (RST)** A real world product(FCFpay) that keeps fueling our investor token $FCF! + +33% of all the fees collected by FCFPAY are used for buy backs and burns! Another 33% Goes directly to the holders in BNB! + +$FCFpay integrates with the 3 biggest e-commerce platforms – WooCommerce & Magento & Prestashop. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +**Imagine paying directly with crypto!** You can nowshop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +Fcfpay allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +That’s why their motto is “EMPOWERING CRYPTO”! + +**$FCF is listed on Pancakeswap, LBANK and hotbit. The next goal is a tier A Exchange!** + +The payment gateway is used daily by several PSPS and is growing every week! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +FCF POKER ROOM and Licensed casino is live and you can play with your crypto now! + +**Buy and hold for 30Days and get a full tax refund!** +**The Dev is always active and always OVERDELIVERS.** + +**Dev is Doxxed, KYCd and a Certik audited!** + +[https://linktr.ee/fcf\_bsc](https://linktr.ee/fcf_bsc) + +[www.frenchconnection.finance](https://www.frenchconnection.finance) +So, I have been seeing more of these posts lately: + +* "I am attempting to find companies that pay at different months in order to get monthly dividends" +* "What companies provide monthly dividends" +* "These companies pay me on dates X and Y, so as a result I get a dividend every month" + +I wish to emphasize: this is not the way to invest. What happens if the following happens?: + +* Company X changes their dividend date? +* Company X drops their dividend entirely (example: Disney) + +Why send all this time trying to make a portfolio that pays you monthly, when in 1-2 years one company might mess up your whole plan? + +Learn to prioritize your dividends, and work around getting something once every 2-3 months. + +There's a lot of things to keep in mind for an investor when it comes to a company. However, 3 things should be above your dividend payment: + +* Company growth - Is the company going to grow its stock value and price? +* Company debt - Is it manageable? +* Dividend growth - Does the dividend grow well, is it relatively stable? (MSFT, AAPL, STAG, are all examples of this) + +Furthermore, chasing companies that pay monthly is not the best practice either. If the company has lost 30% of its value the past 5 years *inside one of the biggest bull markets in history.* Then chances are it is not a good buy. + +Just tired of the wrong advice getting to new investors. I don't want to see new people burned long term because of dividend high. +So me and my wife will be paying our house off soon and looking to rent it out and buy a home with about 2 acres of land (which is easy to do in our area). We are thinking about building 4 tiny homes and making them look really nice and possibly turning them into air bnbs plus short term rentals for medical students, we live in a huge medical district and my wife is a nurse and has access to resources to advertise to med students. We also have the advantage of having a major golf tournament that comes around once a year where literally every hotel and air bnb is booked. + My question is, does this sound like a good idea, and what are some issues or concerns I'm not thinking about? I'm a residential home builder, so i have a good idea on what each tiny home would cost and how to build them. Any advice would be greatly appreciated + +Edit: first off thanks for the responses I've received. So to add a little more info, the tiny homes would actually be a 20 x 20ft 2 story tiny homes ( living room and kitchen downstairs, bed and bath upstairs), they would have all the amenities a regular home would. The area i live isn't necessarily a vacation spot, but people come here all the time for business. So my thinking is if the air bnb side is going slow, i can do short term rentals with the influx of medical personnel that are constantly coming through, and with the numbers ive run i could be booked only half the year and still turn a decent profit. Are there any people who are currently doing air bnb that have advice? +edit: i wrote this post at like 3am when i was stressed afff and i did not realize how much attention this would get, i thought it was just gonna 8-9 upvotes and then buried. THANK YOU FOR THE AWARDS AND MOTIVATING COMMENTS i’m reading all of them right now + +First gen american, First gen college student, My entire family does not have a retirement fund or invest. + +I’ve been living in government housing for 13 years (21 soon) and the environment, the dull, flickering lights, the overdue bread and canned food combo is a mental killer. god I can’t wait until I get out of here and see the sunlight; living here feels like a time fog. + +College/school is super challenging for me considering I finished highschool with a 2.1 and i’m now pursuing Robotics Engineering of all degrees... (complaining but i still love it, i can literally spam about engineering until i die) + +Scrubbing moldy chicken off plates and cooking all day helps me buy stocks so, hopefully, i’ll never have to do it again + +It’s really hard looking at statistics of broken/poor families and the rate of success they have. but I am working on being the anomaly that goes from >99 percentile to at least top 10 percent + +Despite the rant/vent, I think LIFE IS DOABLE and it’s possible I can be well-off in my 40’s, I am actually very optimistic for the long term future even if my chances are slim, I’ve seen my family sit on the sidelines and say “this is fine” for too long, I don’t want to just be comfortable, I WANT TO BE HAPPY WITHOUT THE STRINGS OF FINANCE PULLING ME DOWN + +edit: I just woke up and didn’t expect this to get so many upvotes overnight (and i’ve never received awards before so this is pretty cool) so far i’ve seen a lot of nice comments thank you!! + +last night i barely slept because of stress but these comments will keep me through today THANK YOUU + +edit: I CANT READ EVERY COMMENT BC I GOTTA WORK BUT WHEN IM OFF WORK ILL READ EVERY COMMENT THANK YOU GUYS FOR THE SUPPORT AND UPLIFTING WORDS +She mentioned it to me this morning and said that she doesn't remember who's taking the money out, but she said right after it got taken away she got a phone call from some place saying she would go to jail if she didn't pay so apparently she been paying a$100 a month for 8 years. This sounds so fishy and was wondering has anybody heard of something like this before? +There’s clearly a lot more to this (and they definitely aren’t broke yet) but if they do go into external administration it’ll be the biggest construction insolvency in years if not decades. + + +https://amp.theaustralian.com.au/business/building-giant-probuild-preparing-to-call-in-administrators/news-story/b8f2c9066fb221a22a8d5198fcf1ea50 + +https://www.heraldsun.com.au/business/building-giant-probuild-preparing-to-call-in-administrators/news-story/b8f2c9066fb221a22a8d5198fcf1ea50?amp&nk=9bf3f60e49302668b22b18a9e37d7c7d-1645587888 +Hey everyone! + +So, my girlfriend was waiting for her company to get dental and they still haven’t. This stressed her out so she decided to just pay for a cleaning out of pocket. She went, got the cleaning, setup next appointments and came home. + +They told her she needs minor work, nothing too concerning or pressing, and it will cost her $1000 per appointment, 3 appointments before the end of the year. They shotgunned them for her and talked her into the private plan with their office (each appointments is still $800 with a $300 entry fee, better, but not by much). + +I told her to cancel them, get private insurance or something, then go to a new dentist but she’s convinced this is “what you’re supposed to do.” + +Is there another option I can provide her that is better? Let me know, thanks! + +EDIT: wow, thank you all so much for everything! She came home and read through the comments and now understands that this isn’t right. You have saved us a ton of stress and monetary loss ans I cannot thank you enough! +So I must be overlooking something, but what prevents me from giving my parents my investment $$ and investing in assets under their name? + +Ex: I want to buy a $500K house. I give my $100K downpayment to my parents who buy the house, technically as their investment property. I live in it and pay "rent"/the mortgage to them. If the house appreciates to $1M & I sell it at $1M, I pay CG on $500K(excl. primary residence $250K deduction). If I inherit it, then the cost basis is now $1M & no profit & no CG tax right? Same idea for stocks etc. + +Estate tax is the main consideration that I think would affect this right? +Firstly, I know this is an unusual problem to have and I'm very lucky. I have been plugging away for years at my writing and earlier this year, my first book was released and did better than I ever imagined. For the first time we actually have some money. + +At the moment, the advance for the second book and the royalties were being paid direct to me as an individual. I've kept it aside to pay tax and will use a chunk of it to pay off our mortgage. + +What I am wondering is, would it be better to set up a business and pay a wage to ourselves (me and my husband)? Or just pay as a self assessment - we both work (salary for me around £12k, my partner £26k)? Should we get an accountant and if so, where the hell do we start? + +Thank you +I go to a casino and walk over to the first table I see. The sign above the table says, "Kelly's Game". The dealer says, "Place a bet and The House will flip a coin. If you win the flip, The House will pay you 150% your money back. If you lose the bet, The House will keep 40% and return the remaining 60% to you." + +"That sounds great," I say. *Positive expected value. If I bet a lot, I should expect to get 105% of my money back on average. That's a good bet.* "What's the catch?" + +"Ah, yes. There *is* one more rule," says the dealer. "You must bet all of the money you have each bet or not at all." + +How many times should I bet? + +My intuition tells me that the more times I bet, the better I should do. The law of large numbers should mean that over time, my overall winnings per bet converge on my expected value of 105%. In the long run, I feel like this is a rational bet. So, my strategy will be to make the bet 800 times and see where I am at.  + +Since I'm betting all my money on each bet, I can only actually test my strategy once. Let's think of that as a single universe, my universe, where we see a single unique chain of events. But, before I actually go to the casino and bet it all, I want to guess what my universe will likely actually look like. To do that, we will simulate a multitude of universes, each completely independent of the others.  + +Here's 1,000 simulations of my strategy where each colored line is my total bank, each simulating a single possible universe where I execute the strategy faithfully: + +[ 1000 simulations of 800 sequential bets of 100&#37; of the bank with 50&#37; to go 1.5x or 0.6x ](https://preview.redd.it/hm4rjm9ph0s61.png?width=820&format=png&auto=webp&s=e2dcc4d8c1cce3b68e8c7379987f0fbe34cb00f1) + +Notice the log Y scale. The dashed grey line with slope of 0 is breaking even. Negative slopes are losing money, and positive slopes are winning against The House. + +The dotted black line is what I expected to gain, 105% per bet for 800 bets, netting me an expected 80,000,000,000,000 more than I started with. If I take the average of an infinite number of universes, my mean return *is* equal to the dotted black line.  + +**But I only sampled 1,000 universes.** After 800 bets, only 1 universe in 1,000 has (just barely) more money than they started with. The more bets that I make, the worse it gets for me. The typical (median) return marked by the dashed white line is 1,000,000,000,000,000,000 *less* than what I started with (since you can never reach 0, you always get 60% back). I have a few tiny fractions of a penny left and a dying dream to recoup my money. + +**The typical universe is very, very different than the average of all possible universes.** I'm not from a mean universe. I'm from a typical, likely, universe. The median of a small number of samples more accurately reflects my reality than the mean of the infinite set. While the total money in all universes grows at 105% per bet, the money leaks from the typical universes to just a few extremely rare, lottery winner universes. There are some small number of universes in the set where I win an ungodly amount of money, but in almost every *other* one I lose big. + +Why is this so? In short, there are many more ways to lose money than to win money. Let's look at all four of the possible universes of 2 sequential bets: + +[ There are more ways to lose than win ](https://preview.redd.it/lsxlexpqh0s61.png?width=581&format=png&auto=webp&s=ce2b45e69f6aa175042115a605fa83be2b066e14) + +There are more ways to lose than win + +There is 1 way to win and 3 ways to lose. The average winnings are still 105% per bet, compounded to 110.25% over two bets, but 75% of the time you lose money and 25% of the time you win big. The more times you bet, the worse it will typically get for you since you are more and more likely to be in one of the exponentially growing number of losing universes rather than the rare, exponentially rich ones. + +In this game, the rational number of times to bet depends on how much you care about losing 40% or more of all of your money. Since I consider having a 50% chance to lose 40% of my money too unpalatable, the number of times it is rational for me to bet is zero, even though the bet is positive expected value. + +*Screw this game.* In the universes where I bet 800 times I've lost all my money. In one of those universes, I go back home and wait for my next paycheck. + +How can I win the game? + +When my paycheck comes in, I go back to the casino and back to the same table with the same dealer. "Your game is rigged," I say. "I want to bet against The House with my paycheck again, except this time I won't bet everything I own every time. I want to bet less and see how it goes."  + +The dealer considers this, and says. "Fine. But you must pick a percentage and you must make every bet with that percentage of all of your money." + +"Great. I'll bet half my money each time." *That way if I lose in the beginning, I'll still have money to bet with.* + +Let the gods simulate another 1,000 universes, using our new strategy: + +[ 1000 simulations of 800 bets of 50&#37; of your bank with 50&#37; to go 1.5x or 0.6x ](https://preview.redd.it/bmpxe4vrh0s61.png?width=820&format=png&auto=webp&s=a04440eeb61c3370265eb06b5773be63a9bb9e3c) + +After 800 bets, half of our universes have made money, and half have lost money. Keep in mind that **nothing has changed except how much of my total bank I use to bet**. My typical universe is doing much better than before, but a far cry from the 80,000,000,000,000 return that my infinite selves are earning on average. + +After 800 bets, I'm right back to where I started. The dealer says, "The House is feeling generous. You may now choose a new percentage to place on each bet. What will it be?" + +*Reducing my bet size improved my situation. Perhaps even smaller bets will continue to make things better.* + +"Twenty five percent," I declare as I lay down last week's paycheck on the table, again. The gods flip the coin 800 times in 1,000 universes yet again: + +[ 1000 simulations of 800 bets of 25&#37; of your bank with 50&#37; to go 1.5x or 0.6x ](https://preview.redd.it/nelmf21th0s61.png?width=820&format=png&auto=webp&s=56a84c6aec05d5a85dc58d732b05bc3628ca8096) + +Now my typical universe is making good money, most of them are up more than 10x, and some as much as 100,000x. Now, satisfied, I finally get up to leave the casino with my money in my pocket. *But, I have to know.* I look at the dealer and ask, "So what's the optimal bet?" + +Kelly's Criterion + +*In probability theory and intertemporal portfolio choice, the* [*Kelly criterion*](https://en.wikipedia.org/wiki/Kelly_criterion) *(or Kelly strategy or Kelly bet), also known as the scientific gambling method, is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. approaching the limit as the number of bets goes to infinity). The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. The Kelly Criterion is to bet a predetermined fraction of assets, and it can seem counterintuitive.* + +To calculate the optimal bet size use + +[ Kelly's criterion ](https://preview.redd.it/v73ctfjuh0s61.png?width=126&format=png&auto=webp&s=c097a3cf12753a0aa30c9216758ffc575fb02f71) + +Kelly's criterion + +where  + +**{b}** is the the percent your investment increases by (from 1  to 1 + b) + +**{a}** is the percent that your investment decreases by (from 1 to 1-a) + +**{p}** is the probability of a win + +**{q=1-p}** is the probability of a loss + +**{f\*}** is the fraction of the current bankroll to wager (i.e. how much to bet) + +Using the calculator, you can see the **the optimal bet size is 25%** of your money on each bet: + +https://preview.redd.it/3ke002qvh0s61.png?width=820&format=png&auto=webp&s=c481a3b92d16d77c3490e581bbbe399b73dc9343 + +Looking again at the above graph, that means that **the optimal betting strategy typically yields less than the expected value** for the strategy. + +Kelly's Criterion Bet Size Calculator + +[Here's a spreadsheet](https://docs.google.com/spreadsheets/d/1gXIAsFgf86_RPiiG8qfoKScj9e4v5DZp4k1FgvbTQC4/edit?usp=sharing) to play around with the above equation and calculate optimal bet sizes.  Make a copy and edit the cells highlighted in yellow to see what the optimal bet is. Read more in this [awesome Nature Physics paper](https://www.nature.com/articles/s41567-019-0732-0) and this [great article an AMMs](https://research.paradigm.xyz/uniswaps-alchemy). +Please please please do not flood the sub with how upset you are if the stock still doesn’t moon. As amazing as a announcement, like the NFT marketplace, is from a business standpoint, there is no guarantee that the stock price is going to go boom boom from there. Theoretically, since there will be so much hype after an announcement like that, the stock should go up. BUT remember who is going to be on the losing end when it is moon time. They will not close their positions until they are forced to AND THEY WILL BE FORCED TO EVENTUALLY. + +Citadel can go fuck themselves. + +Gamecock go brrrr. + +Edit: I’d like to take this time to point out that Shitadel hasn’t tweeted since their hissy fit at the end of September 😂😂😂 + +Edit: Point72 and Melvin can also go fuck themselves. Thanks /u/gotaHodlonme +Every single day this month, I tried to do the one thing that everybody says you shouldn't try to do. I tried predict the exact daily movements of the stock market -- specifically, the daily direction, high, and low of the NASDAQ -- and posted my best guess in the daily discussion forum. + +I had to pay incredibly close attention to the stock market every day to do it. Every single morning, I did technical and market analysis to try to keep from publicly embarrassing myself. I learned more about the stock market this month than I have in my entire time trading. + +To celebrate one month of predictions, I wanted to take a look back at the month of March and share some of the things I've learned. + +Here's the first one: + +**I can't predict the stock market.** + +*Damn it.* I really thought I'd be able to do it. + +You can see my [full scorecard here](https://datastudio.google.com/reporting/944799e4-93a3-4aa3-9a1a-68059d06c4a2/page/MkMAC), but it isn't really anything to brag about. Here's how I did: + +* **Direction:** 65% correct +* **Daily high:** Median error of 0.26% +* **Daily low:** Median error of 0.36% + +I was always more interested in the highs and lows than the direction, but *damn* is 65% ever a bad score. I've looked into it -- if I'd just predicted whatever the premarket said, I would've been right 74% of the time. + +Part of the problem was this: + +**When J. Powell talks, there's a 66% chance the market will tank.** + +When J. Powell talked, my prediction was wrong more often than it was right -- and usually by a lot. On average, my prediction for the daily low was off by 1.37% whenever he spoke. + +I wanted to look into that, so I tested out some of the big narratives we heard this month + +[Click here to see that research visualized.](https://datastudio.google.com/reporting/944799e4-93a3-4aa3-9a1a-68059d06c4a2/page/HORAC) + +J. Powell used to be able to pump the market -- but since 2020, I learned, the market has turned red on 66% of the days that he has either made a speech or a public testimony, with the market closing, on average, down 1.24%. + +**The NASDAQ is often a better predictor of a stock's price than the company itself.** + +I've seen a lot of posts here lately saying: "Why is everybody talking about indexes? Isn't this supposed to be a stock forum?" + +One thing this month affirmed for me is that, if you want to know what AAPL or MSFT are going to do today, you have to look at the market itself first. + +AAPL, MSFT, GOOG, and AMZN were all extremely correlated with the NASDAQ this month, to the point that, statistically speaking, it can be said that 81% of the variations in Apple's price this month can be explained by changes in the NASDAQ. + +I saw a lot of people in the daily discussion asking: "Why is AAPL tanking? What new is there?" But -- unless there actually is company news -- that's often the wrong question to ask. + +**The market isn't always affected by what CNBC says...** + +One of the biggest stories we heard this month was about the "bond yield". The 10-year bond yield went up today, CNBC would report, and so the NASDAQ was sure to tank. + +It never really made sense to a lot of investors -- so I looked into whether that story held up. + +I'll let you draw your own conclusions, but here's what I can say for sure: + +* There was no statistically significant correlation between the 10-year bond yield and the NASDAQ's price in March +* If there were one, it would be a positive correlation. When the bond yield went up, it was more likely that the NASDAQ would go up with it than down. +* There was more of a correlation on days when the bond yield reached a new 12-month high -- but only if the new yield was heavily reported. If it went unmentioned, the NASDAQ went up. +* The days when the bond yield did significantly go up and the NASDAQ did significantly go down were all days when J. Powell gave a speech + +**... but sometimes it is.** + +That doesn't mean everything CNBC said was a lie this year. + +Another huge story this month was the rotation out of tech into value stocks -- and then, at the end of the month, the rotation back. + +This story *totally* holds up. If you plot a tech stock like AAPL's price against JP Morgan's (which I've done for you [here](https://datastudio.google.com/reporting/944799e4-93a3-4aa3-9a1a-68059d06c4a2/page/HORAC)), you'll see that, 61% of the time, these stocks went in the exact opposite direction. + +People really were rotating out of tech and into value -- and they really are starting to come back. + +**I still think the stock market can be predicted** + +When I started doing this, I got a lot of hate from people who said that only an idiot would try to predict the market. But after a while, those hate messages stopped -- and, instead, people started sending me hate messages saying that they could predict the market better than I can. + +They probably can. I didn't do as well as I'd like this month, but, when I was right, I knew *why* I was right. And when I was wrong, I knew *why* I was wrong -- and had a pretty good idea of how to do better next time. + +Everything is *not* priced-in, I've learned this month. Take Biden's speech last night. The market didn't even budge while he was talking. Sure, we were in afterhours, but even Robinhood users were allowed to invest -- and his plan had been laid out weeks in advance. But the Wall Street traders were off work, so the market didn't budge until the morning -- when it absolutely mooned. + +If you pay close enough attention, you *can* get ahead of Wall Street. I'm increasingly convinced of that, and I believe that my predictions will get better as time goes on. + +[You can see today's prediction here.](https://datastudio.google.com/reporting/944799e4-93a3-4aa3-9a1a-68059d06c4a2/page/kHRAC) +Link: https://www.quantconnect.com/forum/discussion/13441/alpha-streams-refactoring-2-0/p1 + +The [TL;DR is overfitting](https://lh3.googleusercontent.com/O8G-XgfewhTXXthuvYAQeCsDRgDm3pqidjgmEet8AnLwoEPYcCI_dV6yTb2sIy8LFiX6R8UrAMyRmw_tOjZ56kdTyLZZR-oO_HS6R4WbvSDdoY8_vWxb6O2eLHz2hSh9K92D990R) that on out of sample data with actual live trading that most algorithms were negative sharpe. + +>We researched taking a “needle in a haystack” approach and only selecting the top 5% of the Alpha Market but after eliminating illiquid alphas, and a few crypto outliers, the remaining alphas underperformed the S&P500. We also explored taking uncorrelated alphas and adding them to a broad market portfolio to complement performance but they were not additive. + +I've personally created hundreds of algos on QuantConnect, and it is hard to get a probabilistic Sharpe ratio above 1.0 to even submit to the alpha market, and even harder to get it to hold up on out of sample data. If the best of the best couldn't make it - then don't beat yourself up. + +I'm writing this post as I thought I had yet another holy grail algorithm. Recently a new brokerage launched called Atreyu. Their specialty is they have a fiber connection to every stock & option exchange, and they allow retail direct market access through QuantConnect. They let you decide to route orders to any exchange you want. They allow accounts as low as $25k as long as you keep pattern day trader status. They also act as a prime broker and will clear trades for you which gives you certain advantages in the intraday space. + +They posted a sample algorithm that did inter-exchange arbitrage but it turned out the sample had a ton of bugs in it and wasn't performing ideally (lets just say the quick code they wrote missed over 90% of opportunities in the data.) I fixed the bugs, verified the trades, and the results were outstanding: + +[338% CAGR 14.82 sharpe 1 mill account](https://i.imgur.com/euGlWBC.png) +[Runs really well on $100k](https://i.imgur.com/pS6EsKz.png) + +Then I was salivating to sign up for an Atreyu brokerage account. I then decided to do some reality modeling and queue the targeted exchange market orders by 10 milliseconds. [It fell apart.](https://i.imgur.com/al7qdnM.png) And yes, I also explored 5ms (still losing), and 1ms of latency (break even.) + +Algo trading is hard. There's a reason in the HFT world there is a ton of microwave tower communication ;). The speed of light is  0.70c in fiber, while 0.98c with microwave frequencies. It's likely this algo would have never worked live. It's clear you need ASICs with microwave towers to try to jump in this space. + +Also let it sink in that this failed inter exchange arbitrage algorithm with 0ms latency is at the 92nd percentile on their platform. There is 8% of a huge number of algorithms that has sharpe and total PnL characteristics better than that, they decided to take the top 5% that actually submitted them to the alpha market, and they didn't do better than the S&P 500. + +I personally feel a lot better about my hobby exploring algo trading. I'll keep coding away at the next algo! +Slowdown of house showings. Haven't had luck finding a quality tenant. + +I have the means to pay the mortgage on that rental for 2 months but after that, it will be tight. + +I don't have an LLC on the property. How can I get assistance from the fed govt in this situation? What are my other options? + +[Edit] thank you for all the advice! This is my first week in this sub and already seeing the benefits! +At this moment, I don't need to defer payments just yet but will use it if I need to. I will lower the rent a bit and get more aggressive with advertising. I had professional photos already but the virtual tour may be useful. +I am in the NC area, I had several showings but didn't work out. Hopefully, I will find quality tenants soon. +Am I crazy to try to buy something right now? I'm working on the following deal: + +* $125k Purchase Price +* $100k Renovation budget including a new roof and fixing heating system +* Six 2br/1ba Units +* Separated electric and hot water +* Public water, sewer +* Natural Gas +* Rents are $925-$975 a month and the town has only 3 units right now available for rent. Town is positioned perfectly between 3 major hubs and has seen some solid gentrification. +* Before this whole Covid thing the prices for 2 units not even finished were at $150-$200k. + +My partner and I are going in on the deal 50/50 for down payment and I have a great property management firm that does all my properties. I personally have $80k in the bank so this would only bring it down to $60k, my wife and I also have multiple sources of income to pay our personal mortgage, expenses, etc. We've always reinvested our REI profits back into the buildings or to buy more buildings (Currently at 23 Units all multifamily) + +&#x200B; + +I typically do off market deals but my real estate agent who has done my personal home and helped with some contracts has been following up on this one place I've had my eye on since December. It went under contract but has been pending for almost 3 months. The selling agent came back and said the deal is falling through, bank pulled out due to the buyers financials. It's being sold by a hard money guy who the original owner defaulted on the loan last year, and then now in turn the hard money guy has given it to his bank who was his source of capital for his hard money loans. $150k left on the loan but the bank want this gone, especially with whats going on. + +&#x200B; + +If this was pre-covid and all done we'd be looking at a $400-$500k Valuation. Even at the bottom of the market in 2010 it sold for $343k. Im just worried about putting $20k of my capital out there during this time, but I know once rehabbed (1-2 Month time frame) it will be a cash cow. Plus trades are starting to be cheap already so nows the time to renovate. I already have people requoting me for 60% of what they were going to charge me 2 months ago for the same project just to get the work. +EDIT: we've since learned that account numbers are not sequential. Metrics like total registered and percent full are incorrect. Everything else is still valid + +Salutations APEs! My cheerios were purple this morning and I took it as a sign. It's time for another DD. + +In my post last weekend, I talked about my methodology for aggregating screenshots to determine the number of shares in the average Ape ComputerShare account. + +I'll quickly review my methodology, and highlight changes since last week as we've learned more about Computershare account numbers. Good stuff down below :D + +# The Methodology + +Please take anything you find on the internet with a grain of salt, including this sentence. + +I'm pretty confident in my results, because I did this for me, not for you. I wrote a lot of code to automate as much of this process as I could. I'll share links for the code/databases at the end of the post if you'd like to check it out. + +It is not infallible. Shortcomings include missing posts where the Ape attached multiple images, posts with super-high-resolution images, posts with pictures of monitors with visible moire patterns (this completely jacks up computervision), and I was completely unprepared for videos of refreshing the portfolio page. These are added manually, though. + +Every hour, the code: + +* Downloads every post from GME-related subs on reddit and throws it into a local database. +* Downloads images associated with those posts. +* Uses a computer vision library to extract the text from the images and stores it alongside the post's record in the local database. +* Runs an algorithm to do a high-level classification of the screenshot to determine if it's a one-time purchase from ComputerShare, or a screenshot of a portfolio. + +I wrote a handful of scripts that: + +* Pull new purchase and portfolio posts out of the main database and put it in scoped databases. +* Prompt me to review posts where computervision failed to find a value on the screenshot. +* Prompt me to review all other posts to make sure computervision got the right value. +* Reconcile duplicate posts (mostly when a user posts the same image to multiple subs). +* Give me the ability to audit any record to change the value or remove the record. (Shenanigans) +* If a portfolio screenshot just shows a dollar amount and not number of shares (this happens a lot), the code will guess the number of shares using the average price of GME for the day. + +Then I wrote a script to aggregate the posts and apply the following logic: + +* For purchase screenshots, I determine the amount of shares purchased by dividing the purchase amount by the average price of GME for the period. This is ultimately wrong, b/c purchases from ComputerShare take a few days before the price is known, but I have no other option, really. +* Multiple purchases from the same Ape (minus x-post duplicates) are added together into a single record, because they presumably end up in the same ComputerShare account. +* If an Ape posts purchase screenshots, then at a later time posts a portfolio screenshot, **I zero out the purchase value since the portfolio will include the purchase, but it still counts toward the total number of ComputerShare accounts**. NOTE: this is a change from last week. Previously, I would just drop the purchase record(s) entirely, but then I learned that some Apes who do this end up with multiple ComputerShare account numbers. By zeroing the value, I can account for this behavior. The result is that it makes the estimate more conservative, because not all Apes observe this behavior. Nonetheless, I prefer my estimates remain conservative. +* If an ape posts multiple portfolio screenshots, I drop the lower value portfolio records and they do not count toward the total number of ComputerShare accounts. + +&#x200B; + +# The Results (as of 8AM central - 10/2/2021) + +Can I just start with: Holy crap! When I started writing this code 2.5 weeks ago, I had no idea that Apes would actually continue to post screenshots. I'm not encouraging anyone to do so, but seriously, **Thank You** to those who did. The more data I get, the more accurate my estimates become, and you Apes delivered. + +So let's talk results. + +# Purchases + +First of all, let's look at purchases. I haven't graphed a trend of purchase screenshots over time, but it's basically: 📉 Very few purchase screenshots are posted anymore. + +Based on my observations, a lot of Apes made initial purchases through ComputerShare to open an account. They then initiated transfers from their broker(s). + +I've aggregated **322 purchase screenshots totaling $1.269 million** (nice), or an average of **$3900 per purchase**. + +Here's the histogram of purchases over a geometric distribution: + +[Y = # of Ape Accounts | X = Value in USD](https://preview.redd.it/yo1oxfces1r71.png?width=1600&format=png&auto=webp&s=3c7cbef47d48d8b3f5edf77eb7ff9156c57b48ac) + +To me this looks like what we already knew. There are more Apes making smaller purchases, and fewer Apes making large purchases. I forget what this is called... + +# Portfolios + +Portfolio screenshots really took off in the last week as broker transfers settled. + +I've aggregated **535 portfolios totaling 67,500 shares**, or an average of **126 shares per portfolio**. + +Histogram: + +[Y = # of Ape Accounts | X = # of Shares](https://preview.redd.it/fsczxs4jw1r71.png?width=1600&format=png&auto=webp&s=456aa029be7e8fba4165340554462d2701741f63) + +I would love for the statisticians or data scientists in the crowd to pour over this one. To me and my admittedly lacking understanding of statistics, my sample set is over-representing accounts with 1-2 shares. + +If so, and if accounted for, the actual average shares per ComputerShare account could be significantly higher. Please jump in the comments and let me know if you think I should drop 2/3s of that bin and get a new average. + +&#x200B; + +# Purchases and Portfolios + +Bringing it all together, I've aggregated that **74,500 shares are held across 832 ComputerShare accounts.** + +Knowing that our count of ComputerShare accounts eclipsed 400k today, we know that our **sample size is absolutely minuscule, at 0.2%.** Here's your grain of salt. + +Nonetheless, here's the good news: **The average number of shares held per ComputerShare account is 89.6 shares.** + +We Apes believe that there were about 40k ComputerShare accounts prior to the great migration, which means that we've added **360k ComputerShare accounts** in the last few weeks. + +With our average from our sample set, we've direct-registered about: + +# 32.2 million shares! + +Depending on who you talk to, that's about half of the outstanding float! + +&#x200B; + +# The Data and the Code + +For statisticians and data-scientists out there, I've prepared the following result set. Please shut up and take my data; make meaningful discoveries from it: + +[https://drive.google.com/file/d/1esde4aSSDpfBzMr5T7vycUzO5Yei5u\_N/view?usp=sharing](https://drive.google.com/file/d/1esde4aSSDpfBzMr5T7vycUzO5Yei5u_N/view?usp=sharing) + +&#x200B; + +For programmers out there, or anyone else who's interested in validating my work, you can find the code and databases (minus images) here: + +[https://drive.google.com/file/d/17YNx9SWs-l5GFFOKNQTAa3JKv6CMGJyl/view?usp=sharing](https://drive.google.com/file/d/17YNx9SWs-l5GFFOKNQTAa3JKv6CMGJyl/view?usp=sharing) + +&#x200B; + +DISCLAIMER: + +I am NOT encouraging anyone to post their purchases or portfolios publicly. I personally have not posted mine, b/c people I know also know who I am on reddit. + +BUY HOLD DRS + +We are the catalyst. + +TADR: 🦍🦍🦍🦍🍌🍌🍌➡️💻🪑📈 +The charts for the MBS market are alarming + +[https://www.mortgagenewsdaily.com/mbs](https://www.mortgagenewsdaily.com/mbs) + +If defaults are still low, why are we seeing these dramatic movements in the MBS market? And what is going on in the CDOs? + +According to my models, when the 30 year mortgage reaches 6.5% all kinds of bad things start happening (too complex to get into here). If MBS dive by 20%+ in value within 2-3 months, are we going to have a global financial crisis on our hands when investment banks start dumping them? +This topic has been covered previously but I thought it might be useful to post again with instructions, given a lot of people now seem to be getting their Ledger Nano S after something of a backlog. + +Using the standard setup for your Ledger, a list of 24 words is generated which you are instructed to write down in the spaces provided on a card. This is in case you need to restore the data contained on this device onto another such device (ie, in the advent that your original Ledger is damaged or lost). + +Once these 24 words have been generated you are only required to test three are correct - which strikes me as somewhat less thorough than required. Say, for example, you had the kind of hand writing that made "clear" look like "clean" or "dean"? Or perhaps you had entered a completely different word (a synonym) somewhere or written several words in the wrong spaces? Now I can't imagine most people would be careless enough to make one or two errors that couldn't be figured out in retrospect, or that such errors would be sufficient enough to prevent a full restoration, but I wouldn't be willing to take the chance. + +To that end, after completing the initial setup I suggest sending a small amount to your Ledger's ETH (or BTC, LTC) wallet and then proceeding to restore the device. To do this: + +- Enter the wrong pin three times and you will be prompted to set-up your Ledger as a new or existing device. Choose "existing device". + +- You will then need to enter each of the 24 words. This is somewhat time consuming - though less so than it may sound - requiring you to scroll through letters on the screen until you have the first three characters of each entered correctly. + +- After correctly entering these characters you will be presented with a selection of words, one of which will be the correct one. + +- After repeating this procedure and confirming you have all 24 words entered correctly you will receive a message informing you that the device has successfully restored. + +- The small amount of ETH should also appear in your wallet. + +This may seem hyper-vigilant but when it comes to holding large amounts where the onus on security and accessibility rest entirely on your shoulders I'd say the benefits outweigh the costs. + +Edit/Addendum: if you upgrade your Ledger Nano S firmware from the first iteration (1.0) to the current version (1.3) you will be required to restore the device following the aforementioned procedure. For this reason, and because I hadn't double checked my seed the first time, I bought a second Ledger Nano S and performed a restore on this instead. For those who may freak at the prospect of upgrading their Ledger firmware might I suggest also going this route. +I just ask because a lot of people nowadays are expecting people to have big tech jobs, their own business, or something else along those lines. + +I would love to know what people here do for a living +You don’t realize your own financial situation till life smacks you in the face and that happen to me today. To +Preface, I’m 17, I live with my family(lower middle class) in New York City. At school I decided to join a club about hedge funds, real estate, inquiry funds, and etc. Today we had a meeting on zoom, and everyone there was at least upper middle class. It’s just that I’ve lived my whole life thinking I was normal or that I had a good view of my position but it’s crazy how much wealthier these people are. They’re dads are business execs or wealthy realtors, my parents on the other hand are working class, my dad drives and my mother is a preschool teacher. I know it’s nobody’s fault for my economic situation, it just feels weird being the poorest in the room, like I’m hiding a dark secret. +I’m looking into purchasing some of this stock. How do stocks like this one perform in a higher interest-rate environment? I’m thinking not so well due to debt? Do you think now is a good time to buy into this or would you wait until the first interest rate hike presumably this would take a dip? +**Mods please mark as debunked. My research for Part 5 was flawed. When i was doing research for Part 5, I used coinbase which i later learned grabs the info from coinmarketcap.com. And i used their current numbers for that part vs current stock. Most of those numbers were updated 131 hours ago. Which makes it outdated. + +Someone is still trading GME tokenized stock on DeFiChain DEX though. No idea why. But regardless, my conclusions don't make sense now given part 5 is wrong + +I still stand by Veris being used for equity swaps and tokenized stocks being used for those swaps. But disregard everything else. Please downvote post to remove from top of page** + +~~Ladies and Gentlemen, we got em!~~ + +~~TLDR: Tokenized stocks are used for blockchain equity swaps. These tokens have been de-pegged, meaning the value of the token and stock is not 1:1. They are intentionally keeping the token either higher or lower, depending whether they are short or long that security. Given the swap is based on the value of the token and not the equity, they are manipulating their positions within the swap~~ + +~~Please check out the DD/Speculation I uploaded yesterday for context:~~ [~~https://www.reddit.com/r/Superstonk/comments/yx7geo/total\_return\_equity\_swaps\_are\_connected\_to/~~](https://www.reddit.com/r/Superstonk/comments/yx7geo/total_return_equity_swaps_are_connected_to/) + +~~TLDR of this DD: Banks and Hedge Funds are using Veris developed by Axoni. Axoni is a blockchain solution for equity swaps. Veris allows for all parties on a trade to match and confirm all trade terms upfront and remain synchronized on post-trade events such as amendments, positions, and cash flows through the lifecycle of the swap. Axoni uses tokenized stocks for its blockchain solution which are pegged 1:1 to the equity they are representing.~~ + +u/dibrickishaw ~~was able to confirm this in his own post (check it out) by finding an article which states: "But the exchange (Binance) does not provide a formal investment prospectus that would be required if it were deemed the stock tokens constituted “securities” under European regulations. CM-Equity said the product was Mifid II compliant and~~ **~~worked as a certificate for a total return swap.~~**~~"~~ + +**~~Part 5: FTX Collapse and de-pegging of tokenized stocks~~** + +~~Tokenized stocks have de-pegged from the securities they are supposed to represent. GME tokenized price: $24.89 | GME Stock Price $27.76. Most tokenized securities dropped in value. I assumed this was due to FTX collapse and all tokens were now slowly dying off.~~ + +~~Well this was false. Not all tokenized stocks dropped. GameStop token dropped, Popcorn token dropped, and many others. However I managed to find a few that didn't drop but increased in value relative to the equity they are supposed to represent and some that dropped in value.~~ + +~~Amazon stock: $94.85 | Amazon Token: $107.00~~ + +~~Tesla: $183.17 | Tesla Token: $189.50~~ + +~~Apple: $150.72 | Apple Token: $153.34~~ + +~~Nvidia: $156.77 | Nvidia Token: $145.40~~ + +~~Pfizer: $48.33 | Pfizer Token: $$45.00~~ + +**~~Part 6: I see you Citadel~~** + +~~This doesn't really make sense. Why are some up and some down? Maybe due to demand? Maybe FTX blowing up? But who is still buying these shit coins!?~~ + +~~Do you know what GameStop and Popcorn have in common? They are shorted by hedge funds/banks. These tokens are lower than current stock price.~~ + +~~Do you know what Amazon, Tesla, Apple have in common? They are held by Citadel and used as collateral. These tokens are higher than current stock price.~~ + +[~~https://hedgefollow.com/funds/Citadel+Advisors~~](https://hedgefollow.com/funds/Citadel+Advisors) + +~~Do you know what Nvidia and Pfizer have in common? Nothing. Irrelevant to this saga as far as am aware. These tokens are lower than their stock price. (Everything short theory)~~ + +**~~Part 7: Conclusion and Speculation~~** + +~~I believe that tokenized stocks are used for collateral and for equity swaps purposes which is utilized by blockchain solution Veris.~~ + +~~I believe tokenized securities were de-pegged in order to prevent hedge fund/banks equity swaps from blowing up. Increase the token price of their collateral for more collateral and lower the token price of the short for lower margin requirements.~~ + +~~Veris blockchain solution is literally living in a detached world to make sure the equity swap positions on the platform do not blow up. Therefore they are manipulating the token price which affects Veris and their swap positions. If their equity swaps were not on that blockchain solution, I suspect they would've blew up by now. Clever but very fraudulent strategy. Anything for one more day. This is why they are holding their swaps on blockchain. Because tokens can be manipulated to not be part of reality.~~ + +~~DISCLAIMER: UNDER NO CIRMUSTANCE SHOULD YOU BUY THESE SHIT TOKENIZED STOCKS. STAY AWAY!~~ +[The original VGH post](https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks_very_gmerry_holiday_vgh_for_short/) (instructions updated) + +[Link to donation page](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMerryHoliday/index.html) + +(**EDIT:** Links to [$GME Daily Discussion](https://www.reddit.com/r/Superstonk/comments/qtlx63/gme_daily_discussion_new_to_the_sub_start_here/) and the [DRS Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/)) + +We’ve raised 59K so far from over 825 Apes!! THAT’S. INCREDIBLE. Absolutely incredible! That’s about an average of $71 per donation! Do you guys think we can hit the 10% ($74k) mark this weekend? + +**PINNING NOTE:** This VGH update will be pinned from market close Friday to Sunday night. It’s the weekend. Markets are closed. Chill out about the pins already smh + +**ANONYMITY NOTE:** Reminder that if you want to remain anonymous to the VGH Committee then please use ANON APE as your name. Many have used their real name in “Your Info”, but please only do so if you are comfortable with that. + +**USER FLAIR:** + +[If you want this flair then please comment !VGH! under another !VGH! comment so it keeps the thread streamlined.](https://preview.redd.it/5ic1m2fnw6z71.png?width=234&format=png&auto=webp&s=30c668e432092b50d0e4e56929c7a265eee020d2) + +Anyway, trying to keep this as short as possible. The original post with the in depth instructions is linked above. If you have any further questions then you can ask one of us committee members...which reminds me! + +I just wanted to take a moment to recognize some of the Apes who have graciously volunteered their time for the VGH fundraiser. These are just the ones who have explicitly allowed me to post their name (there are more in the group). If you can’t get a hold of me with a question, then please reach out to one of these users and we’ll try our best to help you! You should also give them your thanks because this was not a mod-only initiative! They have been stellar and they continue to demonstrate how amazing this community is! + +* u/I_DO_ANIMAL_THINGS +* u/HelenKellerFakedIt +* u/adventureseekingali +* u/joeygallinal +* u/Dismal-Jellyfish (Moderator) +* u/BoltFlower + +NOTE: Unless noted, these Apes are NOT moderators so they cannot help you in any way regarding stuff on the subreddit itself. Just send them VGH related questions and comments please. And this is a reminder, if you’re harassing any of them, you’re banned 🔨 + +## International Apes: + +We’ve talked with GameStop and they’ve informed us the only real way to buy toys online and have them shipped to TFT is by using PayPal. Unfortunately, the same is true for money donations to TFT, PayPal is the only legitimate way (it also does not count towards our VGH total). We also don’t want to condone you guys using fake addresses and stuff because it will cause a headache somewhere in the supply chain and that’s not cool. Because of this, you guys basically have two different options to donate: + +* You can buy toys thru GameStop’s PayPal option and send it to TFT +* Or you can spend that money and generosity on your local communities! + +It feels weird that with the entire world facing its own societal issues, that we would try to funnel the world’s money to help only American families. We encourage International Apes to donate to your local communities and if you wish, you can include your receipts and photos in the hype for the VGH posts! It’s the Season of Giving! And we support giving everyone a Very GMErry Holiday! It's your money, it's your choice! Just spread kindness! + +## Donating Time (Phase 2) + +Here’s an update on setting up the TFT boxes in GameStop stores. Some of you guys have gotten green lights and are setting up your boxes soon. Awesome! But some you have also said the stores are waiting for guidance from up the ladder before they can allow the boxes. We’ve reached out to GameStop corporate ([donations@gamestop.com](mailto:donations@gamestop.com)) and, because it’s a different contact than the person we’ve been connected through, we’re still waiting for a response. We just want you to be aware that if you make contact with the stores, you might get stuck in limbo for a bit, but we’ll update you as soon as we can. So give it a shot and if it’s successful then great, but if they give you pushback then hang tight! Hopefully GameStop corporate gets back to us soon so we can give you guys more guidance. + +We would also like to be clear about where the toys that will be delivered to the Ft. Worth TFT will be going. **This TFT chapter only serves the greater Texas area and so we are looking to branch out destinations for toys to be sent.** We need to confirm whether certain chapters are able to receive packages regularly (this is separate from the boxes in the stores, most locations won't be able to provide this mailing thing). Our current goal being to spread the distribution of mailed toys to as many areas of the US as we can. To do this, we would request your help in contacting your local TFT to see if they can receive mail. If they are able, please contact one of the VGH committee members with the address information to update the post. + +https://preview.redd.it/t98hjpmry6z71.png?width=1573&format=png&auto=webp&s=2917f9fa4a9db0bda19c225909876ff70354d2ec + +**This is a map of the US. Those red dots are GameStop distribution centers. It would be awesome if we could link up with a TFT chapter near them that could take mailed donations so we can widen our areas and affect more local communities!** + +**Distribution Sites** + +* Grapevine, TX (already covered with the Fort Worth TFT) +* Shepherdsville, KY +* York, PA + +## Phase 3 (AKA very ambitious goals, not sure if it’ll work out, but we’re putting this out into the universe and seeing what magic ensues ¯_(ツ)_/¯): + +These are the biggest cities by population in the US. We want to link up with at least one TFT chapter that can take mailed donations in each of these areas. Basically if any of you guys were planning on coordinating a box in these areas anyway, then it would be super helpful if you also asked if they could take the mailed donations. Thank you! + +* New York City, NY (Population: 8,622,357) +* Los Angeles, CA (Population: 4,085,014) +* Chicago, IL (Population: 2,670,406) +* Houston, TX (Population: 2,378,146) +* Phoenix, AZ (Population: 1,743,469) +* Philadelphia, PA (Population: 1,590,402) +* San Antonio, TX (Population: 1,579,504) +* San Diego, CA (Population: 1,469,490) +* ~~Dallas, TX (Population: 1,400,337) (already covered from Ft Worth TFT)~~ +* San Jose, CA (Population: 1,036,242) + +## To all the people crying that this is a distraction from DRS’ing, I have this to say: + +GO BUY TOYS FROM GAMESTOP BECAUSE IT’S ALSO IMPORTANT TO THE BIG PICTURE OF THE COMPANY. + +https://preview.redd.it/jqs39kziymz71.png?width=712&format=png&auto=webp&s=99c14c0e8b4c5aa490279120d862082b4e5af076 + +Also this meme was made with you in mind <3: + +[REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE](https://preview.redd.it/iuceufixy6z71.jpg?width=640&format=pjpg&auto=webp&s=88152e8c14fde9d5cd3a2e3060bbe1823a3afbab) + +## Our Questions for the Apes + +* Can we get some updates from people who have reached out to their local stores so far? What has your experience been like with getting it off the ground? What hurdles? Please comment below or contact a committee member! +* Do you guys want us to change the donation goal? We understand that this monetary goal takes money away from spending towards GameStop so we want to get community feedback to see where y’all are at. We can still change it to whatever we want. Or do you like it the way it is? Let us know! +* How often do you guys want updates? Right now, we’re just doing them when we find more important info to give you but we can also do more frequent price updates if that’s something you want? + +# FAQs Frequently Asked Questions: + +## Is the money going to GameStop? + +Clearing up some confusion: The money goal isn’t going to GameStop. I literally wrote that in the original piece: + +https://preview.redd.it/s6gef519z6z71.png?width=688&format=png&auto=webp&s=b9503c3ec8398c40335880e56ae861a0fd226910 + +## How do you pronounce “GMErry?” + +It’s pronounced Merry. Because real G’s move in silence like lasagna. + +## When filling out the application to volunteer, the first line asks for a group/association name. Are we putting Superstonk? + +No, just volunteer as your own individual self, a member of your local community. If you want to talk to people about GameStop then by all means, but do not feel pressured to do anything on our behalf. And thank you so much for volunteering! + +## Can we work with Toys for Tots Canada? + +We looked into it and unfortunately, it’s two completely different executive boards and logistics chains. If we were to try to do TFT Canada, we’d basically have to start from square one on another program and that’s just biting more than we can chew right now IMO. Sorry for the disappointment. + +## How do I apply to become a TFT household (request to receive toys)? + +[https://www.toysfortots.org/request\_toys/Default.aspx](https://www.toysfortots.org/request_toys/Default.aspx) + +# That’s it for this update. Let us know if you have any questions! Thanks! And have a Very GMErry Holiday! + +I received multiple voicemails this week from scammers posing as an IRS employee threatening to file a lawsuit against me. I should have recognized this was a scam!! The voicemail went : “this is Internal Revenue Service the reason of this call is to inform you that IRS is filing lawsuit against you to get more information about this case file please call immediately on our department number 413-252-2505 I repeat 413-252-2505 thank you…” + + +I called the number back and after a few seconds the recording began: "hello thanks for calling the international revenue services how may I help you? + +Just as I started speaking, the message continued ..."hello.....hello can you hear me???" + +And just like that I replied , "Yes ma'am I can hear you fine" + +The line was silent and I replied, "hello!?? Can you hear me? + +No answer.. just a voice recorder on the other end.I called back and ... NOTHIN it wouldn't connect + + +Contact TIGTA to report the call. Use their “IRS Impersonation Scam Reporting” web page or call 800-366-4484. +Report it to the Federal Trade Commission. Use the “FTC Complaint Assistant” on FTC.gov. Please add “IRS Telephone Scam” in the notes. +If you think you might owe taxes, call the IRS directly at 1-800-829-1040. +Avoid e-mail phishing attempts +I know very little about economy, so bear with me... I have been wondering what will happen to Greece if (or when) they go bankrupt. I realize a lot of countries, banks, pensionfunds ect. will lose a lot of money, but what will the future for Greece look like...What happens when a country goes bankrupt? + +Edit: Thx for the answers...I learned something today...appreciated! +Happy 4/20 everybody! +Take care of yourself and relax a little bit, that might be crucial the next few days. 😁 + +Current price "115 minutes in: 165.67 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 164.95 US-$ + +5 minutes in: 164.95 US-$ + +10 minutes in: 164.95 US-$ + +15 minutes in: 164.95 US-$ + +Soooo yeah...looks like we're doing THAT again 😴 + +20 minutes in: 164.95 US-$ + +25 minutes in: 165.13 US-$ + +30 minutes in: 165.13 US-$ + +35 minutes in: 165.13 US-$ + +40 minutes in: 165.31 US-$ + +45 minutes in: 165.25 US-$ + +50 minutes in: 165.61 US-$ + +55 minutes in: 166.87 US-$ + +60 minutes in: 165.55 US-$ + +65 minutes in: 165.55 US-$ + +70 minutes in: 165.67 US-$ + +75 minutes in: 165.67 US-$ + +80 minutes in: 165.73 US-$ + +85 minutes in: 165.73 US-$ + +90 minutes in: 165.67 US-$ + +95 minutes in: 165.79 US-$ + +100 minutes in: 165.67 US-$ + +105 minutes in: 165.67 US-$ + +110 minutes in: 165.67 US-$ + +115 minutes in: 165.67 US-$ + +The US pre-market is open, let's have a great day!!! 🇺🇸 +I'll see all you beautiful apes tomorrow! 👋 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Fucking upvote this and idc about upvotes. + +I WILL NOT let another fucking urgency shill tactic to beat apes in a small battle. + +Just wait for the wrinkle brain apes to look at it, chill for a moment. + +If you're urgent now, you'll be urgent when you see high numbers on your broker account + +DIAMOND 💎 HANDS 🙌 + +**NO URGENCY.** +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 am trying to improve my stock research skills, so I would like any advice on how to start and do a full on DD on a stock. + +And 2 more questions: How do you identify a value trap stock, and is there a generally accepted way to value stocks or it depends on each person? (DCF for e.g) +I’m curious what everyone’s thoughts are on this. + +Would you rather a company be focused on growing the top line or be focused on increasing operational efficiency and increasing margins? + +I was looking at a company this morning that is in a boring industry and has only grown revenue 5% a year for the last 6 years. + +In those same 6 years they’ve doubled their operating margins. Net income is up 330%. The amount of cash on the balance sheet is up almost 70%. + +It kind of reminded me of the type of business Buffett says he likes. + + +Cohen securing the chairman's seat was widely applauded as good news- so why didn't we launch today? + +The answer is simple: our institutional holders didn't want to launch quite yet. Face it, even if retail owns the entire float, we can't generate the kind of trading volume needed to launch this 🚀 . We're hodling but we're not mission control. We don't get to push the big red button. Why? Because we simply can't generate the volume. + +Of the last 60 days of trading, we've had 29 days in the green and 31 days in the red. Of those 60 days, only 9 of them have had a volume under 10 million. Of those 9 days, **six occurred over the last 7 trading days.** Volume is lower than my wife's standards (after all, she married an ape!). + +As Chad Kroeger might sing, 🎶LOOK AT THIS \[photo\]-GRAPH🎵 + +&#x200B; + +https://preview.redd.it/nl9e3xopu1s61.png?width=987&format=png&auto=webp&s=79ff223bcc09988f515acf091d394e80343a5f63 + +&#x200B; + +https://preview.redd.it/drfvdfcru1s61.png?width=985&format=png&auto=webp&s=625a373fdcdbb45f2a4a4b2dc4a86096a37945fb + +Is it sinking in yet? There may be 10 million of us apes out there holding tight but we're not the ones driving the volume needed to take us to the moon. Not all of us can buy more shares, and many of us who are buying the juicy dip can only afford a handful of additional shares at a time. It's not our job to drive up volume to over 50 million. **We literally can't do it.** So what **is** our job then? You know the answer. + +&#x200B; + +https://preview.redd.it/bnz3vxvtu1s61.png?width=735&format=png&auto=webp&s=89464a0c729a6597d6c0ef331dd8b36d00c78db5 +The invoice just shows up as "Office Visit". I called the billing number on the invoice to ask about it, and they told me to call the Doctor's Office. I called the Doctor's office, and they told me to call my insurance company. I called my insurance company, and they told me to call the Doctor's office. + + +The second time I called the Doctor's office, they told me that there was a "new patient charge" that was "significant", but they would not tell me how much those charges were. They also said that I was billed for 4 different things, but would not give me any details about what those things are. + + +It seems suspicious that they won't give me any information. I also think this "significant new patient cost" is suspicious - I have never heard of this before. If I was charged for 4 different things, shouldn't they appear on the invoice? + + +Is there a way to dispute these charges? I don't even know where to begin. +I have only read motley fool's articles so far. So I thought it would be good to put in my email to get updates/news or whatnot. But now I'm receiving atleast 5emails per day asking me to enroll for the subscription. Just unsubscribed now , I hope I don't get anymore of these. +Interesting day today - lots of fear out there apparently that the stretched valuations aren't going to hold up. + +S&P down to negative for the year after starting off super hot. +[Redfin Link](https://www.redfin.com/AZ/Chandler/3519-W-Tyson-St-85226/home/27771719?600390594=copy_variant&231528114=control&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet) + +Be careful out there. Watching this property crater in the Phoenix metro area. Purchased by damn Opendoor for $432K, then 2 weeks later, listed for $516K. + +Toured it and there were no renovations. Been sitting on market for 60+ days, the price has been cut several times…down to $459K. With higher interest rates, they’ll be lucky with that. + +The lesson, if you want to flip, improve the damn property. +I’ve been a long time lurker of this sub, and I’m currently in the process of testing some of my hypotheses. I don’t have any association with Quantopian, and strictly use it to test out some of my ideas before pursuing them further. I consider myself a beginner and come from a programming background, so learning the language of finance has been where most of my time has been spent in the space. As a beginner, running through strategies on Quantopian, I realize how discouraging it can be to try, try, try, try and try again different ideas that just fail in backtesting or practice. I love how the principle of Occam’s Razor constantly looms over this field. Anyway, through learning I came across this [video](https://m.youtube.com/watch?v=7PyKtUvuHNU) and I think it’s incredible. It’s actually an entire series but this video shows how simple a hypothesis can be. The video is a step by step process of for developing an algorithm, but the main takeaway is that the strategy that worked. If you don’t watch, all the strategy consists of is the measurement of the percentage change of the forecast of analysts on earnings. Replicating outside of Quantopian might present its own challenges, but if you are someone who is down, check this out and it might help you rethink how complicated your strategy needs to be. +Update\* Now a $40 million market cap. + +WenMoon is seeing an **incredible** day! It's good to see a real token start to separate itself from all of the fake tokens. + +The market cap has over **doubled** from $12m to the current value of $26m. It only has 5500 holders so it's still and incredibly early investment opportunity and with the new app being developed, giving the token real utility, this will only continue to gain traction. + +In terms of potential, WenMoon is hands down the **best investment in crypto** right now. Investors are starting to see that as numbers have doubled over the past couple of days. This is not losing steam, but gaining it. Check out the [chart](https://poocoin.app/tokens/0xb93ba7dc61ecfced69067151fc00c41ca369a797) to see for yourself! + +At this rate WenMoon will be reaching a $250 million market cap very soon. This is easily obtainable with the direction WenMoon is going. They are looking to get their first app *Profits* developed and from there branch into other areas of the crypto space that need filling. With a real tech startup dev team behind this you should be in a hurry to invest. + +If you're having doubts, the dev team just concluded their AMA on [telegram](https://t.me/WenMoonTelegram) with its investors. Feel free to head over there to hear the recording! + +Check out their [website](https://wenmoon.space/) for any information you may have. DYOR! +I am 38 and 2-3 years away from fatFI. Generosity has always been a big thing for me but for the first time in my life it feels like I have more to play with in this space. + +There are a small number of people who were instrumental on the way here and I would like to thank them appropriately. Thinking of an older family friend who passed me magazines each week when I was a kid to stimulate the interests that eventually became the foundation of my career, someone else who volunteered to make an introduction a number of years back without which I would probably still be working for a wage. + +These people are not charity cases, but they are not focused on accumulating wealth either. As far as I can tell they make enough to get by, still have to budget carefully to make their $$ count and don’t have spare to throw around. I could just treat them to an amazing holiday all expenses paid, but I am trying to think of more meaningful (and potentially transformative) ways to say thank you. + +These are not people who are part of my daily life and neither even lives in the same country as me, so I am not worried about tempting them to become dependent but I do always prefer any gift I make to be one-off as it is just cleaner that way. +I get paid biweekly (924.25) and work 40 hrs a week. I recently got paid for 80 hrs of normal work and 80 hrs of overtime (2075.82). It was someone's mistake working on the payroll. Once they realized their mistake, I was paid 0.00 for the next paycheck and 498.60 for the next. A total of 2574.42 for the 3 paychecks. + +I would normally make 2772.75 for 3 paychecks. So this is a difference of 198.33 due to having more taxes taken out of the large amount I was accidentally paid. I've been trying to figure out what to do about it. I would like to be paid the 198.33 but the lady I talked to said the taxes have been paid and there's nothing she can do. + +I've been trying to get this resolved. The people managing my paycheck accused me of intentionally doing this and that I tried to hide the mistake. I notified my boss the day I was paid and we couldn't get in touch with the payroll people for a week. So I don't know if there's nothing that can be done or if they just don't want to do anything. + +Should I just let this go? Or do I file it when I do my taxes? + +Edit: Thanks so much everyone! This is my first job/ the first time I will be filing taxes so I just wasn't clear on everything. As long as I'll get it back at the end I'm okay with waiting. I now realize that I was paid the same and taxed differently and there's nothing payroll can do now to fix this. + +Edit 2: wow thank you all so much for your input! I'm surprised this got so much attention for such a small issue. I will worry about the 198 when I file my taxes! Also I will read everyone's comments tonight and reply to them. + +Edit 3: okay so while I was at work I spoke to a lady briefly and she just kept telling me there wasn't anything they could do to fix the problem and the money was already sent away from the initial pay check. My boss was calling me at the same time so I told her I had to go. I haven't gotten the chance to call her back today. I just got an email saying my case number has been closed! (They gave me a case number when I reported a problem) I feel like they're trying to hide something. Not exactly my issue but I'm sure they have messed up bigger things in the past and they don't want me to draw attention? I'm okay with just letting all of it go. But it's ridiculous that they closed my case without me getting a chance to talk +Most vets are pretty bad at personal finance (we apparently think an average student loan debt of $170K and a starting salary of 60K is a good idea..) but as I lurk here quite a bit I've seen a few posts with questions about veterinary bills, insurance, etc so I thought I'd share some of my thoughts from behind the scenes. + + +First off, yes, veterinary bills are expensive. Do bear in mind that vets are actually expected to provide modern medicine at a fraction of the cost of human medicine, even when the procedures are the same or similar. + + +That being said, part of the reason that veterinary bills aren't more marked up is that the vast majority of the time, payment is expected at time of service. Routinely you will be asked to leave a deposit of 50% of the estimate if you are hospitalizing your pet, and then pay the rest when h/she is discharged. I hear this advice tossed around here a lot, "Ask for a **payment plan**. Most vets do payment plans". I have worked at practices in four states and I have never seen a vet clinic that routinely offered payment plans. + + +The truth is that many vet clinics are small businesses that are not set up to offer payment plans. If they didn't get paid, they couldn't keep their doors open. They would need whole separate staff to administer payment plans, plus eat the cost of clients who bailed on their payments. This would likely drive up costs for the rest of the clients. Other clinics belong to a few nationwide corporations, and they've probably even stricter about not offering plans as a part of corporate policy. The few times I've seen payment plans were exceptions for trusted long-term clients, or a few cases that slipped through the cracks and we didn't have any other option. + + +There are **wellness plans**, which are a completely different animal and do not address medical care for sick pets. + + +The exception is that the vast majority of clinics do accept **CareCredit** and highly encourage you to apply for it in case of emergency. You do need to have decent credit to qualify. If you don't qualify on your own, consider co-applying with a parent or family member. Make sure to pay your Carecredit bill in full before the promotional interest-free term is up, (there is no penalty for early payment), or you will be charged interest backdated to the beginning of the loan, which is awful. + + +What about **pet insurance**? There are a lot of pet insurance companies out there, some with good plans, others not so good. I would say that if you have between $3000-5000 in an emergency fund specifically for your pet, then you most likely do not need insurance. Some of my clients have "lucked out" in the sense that they got insurance for their dog when he/she was a healthy puppy, and then developed some sort of chronic condition that needs multiple tests, follow-up tests, medication, etc, and they submit all of those claims to insurance. I have heard good things about Trupanion, which generally pays out 70-90%. I've heard that Pet's Best provides excellent coverage - 100% after a deductible, but has expensive premiums. In general, though, you will most likely pay more for insurance than you will get out of it. I prefer the $3-5000K emergency fund - that should cover most serious illnesses, emergencies, and surgery (you may need to adjust this upwards if you are in an expensive COL city). Anything above that and you are probably in referral/specialty territory and may need to explore other options. + + +So what are your other **options**? If you are looking at an expensive vet bill that you can't afford to incur, you should always ask your vet if there are other options. We are very used to getting this question. There are a few exemptions where there really only is one treatment, and it is a matter of life and death. Generally speaking though, if a client tells us they have financial concerns/constraints, we will try to put together an alternative plan, either one that foregoes some of the diagnostic tests and relies on empirical treatments, or a less intensive treatment plan that still has a reasonable chance of success (outpatient treatment vs hospitalization, for example). If you are at an emergency/specialty center, you will most likely be able to get a less expensive option at a general practice / regular vet if it is appropriate and can wait. If your vet won't give you another option, feel free to seek a second opinion. + + +One of my vet school interview questions actually asked me what I would do with a patient who has been hit by a car and has a broken leg, if the owner doesn't have money. This is for illustration purposes, but can be adapted to other situations. What I would say is: + + +1) ideally, getting the leg fixed by a surgeon + + +2) if that's not an option, amputation of the leg is much less expensive and can be performed by most general practitioners + + +3) if that's not an option, consider surrendering your pet. Some humane societies/animal shelters, depending on their resources, will take in pets with injuries or conditions that can be treated if they will still be adoptable pets with a good quality of life. Everywhere I have worked, almost all the doctors and nurses have at least one pet that they got in a situation like this. Sometimes they have connections with rescue groups as well. + + +4) humane euthanasia. I love pets. I think they're family. But do I think that only people with $3-5K to drop on their dog should be allowed to have pets? No. Shit happens. There are lots of dogs and cats that live their whole lives without anything major happening; I only have to see them for routine vaccines. But if something terrible does happen, sometimes euthanasia is the best or our only option. We can take comfort in the fact that we gave a pet a good, loving home, and prevented them from needless suffering and neglect. + + +So on from that depressing topic. What are some things you can do at home to make sure your pet is the healthiest and avoids many preventable vet bills? + +**Preventative health care** + + +1) Keep your pet at a healthy body weight. If you think your pet might be fat, they probably are. More helpfully, here is a body condition chart for cats: https://www.wsava.org/sites/default/files/Body%20condition%20score%20chart%20cats.pdf +and dogs: https://www.wsava.org/sites/default/files/Body%20condition%20score%20chart%20dogs.pdf + + +Keeping them lean is about 99.9% diet.. I've heard so many times this winter, "Oh well he's fat because of the weather, we aren't walking as much". Then reduce his meal portions accordingly! This actually costs *less* money. Can't say the same for any other medical treatment/advice. It doesn't matter how much exercise your dog gets if there's a never ending bowl of food available for him. I recommend feeding two portioned meals a day. Preventing obesity reduces the risk of musculoskeletal injury, arthritis, diabetes, cancer, urinary tract problems etc. + + +2) Brush your dog's teeth! Especially if they are a smaller breed, or one of the poster children for bad teeth: dachshunds, chihuahuas, yorkies.. Bigger dogs seem to get away with less dental care, whether it's because their teeth fit better in their jaws, genetics or that they usually enjoy chewing on things that mechanically cleans their teeth. Either way, I recommend at least regularly examining your dogs teeth, especially the ones in the back. Daily (or at the very least every other day) toothbrushing is the most effective way to prevent plaque and tartar buildup, and save thousands in dental bills over the course of your dog's life. + + +Edit: yes, you should also brush your cat's teeth, if possible. Probably best to start when they're young! + + +If you don't have a pet yet, seriously consider rescuing rather than buying. Purebred dogs are incredibly overpriced and a lot of them tend to have health problems that mixed breeds don't. Purebred dogs from puppy mills/pet stores are the worst: birth defects from inbreeding, parasites, infections, etc.. If you have your heart set on a puppy, shelters regularly have puppies up for adoption, and will have already been fixed, which saves you a $300-500 surgery, and had a bunch of vaccines. If you have your heart set on a purebred, do research what their common health problems are and make sure you are equipped to deal with them. + + + +Second edit: another money saver: it's always fine to ask for a written prescription for your pet's medications, or ask to have it called in to a human pharmacy if sold there. you can check certain websites to see what the prices of the medication would be. If the med isn't listed, it's probably a veterinary-only drug that must be sold through the vet. As far as online pharmacies, I have mixed feelings about them. They are not necessarily subject to the same regulations as brick and mortar pharmacies. Their products may not be covered by the manufacturer's guarantee. Some of the products we've seen on there -- their manufacturers actually only sell direct to veterinarians, so those products are either stolen or counterfeit. I have no problem with saving clients money by writing prescriptions to be filled elsewhere, but I am a little leery of the online ones. +German ape here. + +I just had 7 minute call with ***Inga Oldenwurtel*** \- the press representative of the ***DMSA Deutsche Markt Screening Agentur GmbH***. She answered the call on my first attempt and was openly to talk. + +Within the first few sentences spoken, she told me that if i want to have detailed insight on what is going on, she would need to forward my call to ***Dr. Marco Metzler*** himself. But she also said that he most likely does not have the time right now as they are getting flooded with requests.I declined that, because i didn't want to waste the mans time, as i already agree with his thesis that Evergrande defaulted and China is kicking the can. I will write her a mail and ask if she can organize a call, just out of curiosity. + +She advised me to follow Dr. Metzlers LinkedIn Page, which was already mentioned multiple times in the sub. Furthermore she told me that Dr. Metzler used to work as an analyst for Fitch and was CFO of the Prisma Life AG, an insurance company based in Liechtenstein and founded in 2000.Dr. Metzler is also a graduate of the EBS Business School which is of the world most famous business schools. Fun fact, i live within 15 min reach of this school and know people who graduated from there personally. People from everywhere come to this school, especially a lot from Asia. + +I also mentioned that the website of the DMSA is lacking still information about the company, looks a bit sketchy because it comes from the same toolkit as the website of the [DFSI](https://www.dfsi-institut.de/) and [SFSI](http://www.sfsi.ch/), which are related to the DMSA as they are associated the with ***DSMA CEO Michael Ewy***.She is aware of that and told me she will talk with Dr. Metzler about it, because she understood why the DMSA might seam sketchy from the outside. She also told me that was just hired, especially for the whole Evergrande story. + +They are aware of what kind of topic they are working on and how critical it and its consequences might be, i especially quoted them from their latest press release with talks about the "The Great Reset" and "Meltdown of the financial system". I mentioned that UBS seams to be one the biggest holders of Evergrande bonds based on this [DSMA report](http://www.dmsa-agentur.de/download/20211024_DMSA_EVG_RR_en.pdf). She was aware of that and also mentioned HSBC as one of the biggest holders. Interesting note, based on their report Fil Ld (Fidelty) and Blackrock are the biggest holder. + +**EDIT**: An ape by the name u/Furry_Samander pointed out that this NOT the same fidelity that we all know. Its this one, which is basically independent: [https://en.wikipedia.org/wiki/Fidelity\_International](https://en.wikipedia.org/wiki/Fidelity_International) + +If u want to stay updated, please follow Dr. Metzlers [Linkedin](https://www.google.com/search?q=dr+marco+metzler&oq=dr+mar&aqs=chrome.0.69i59j69i57j69i60l3.1160j0j4&sourceid=chrome&ie=UTF-8). (seams like u need to be registered on LinkedIn) + +Mods hit me up, if u want prove. - hope the flair is right. + +**IMPORTANT, maybe the whole DSMA and Dr. Metzler thing don't change a thing. It doesn't matter for GME, what matters for GME and will change something is that you DRS your fucking shares. We don't know exactly how a Evergrande default and the aftermath will influence GME, therefore for me the whole DSMA Arc is a spicy bonus, which might get something rolling!** +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 drive a 2011 VW Jetta with 70k miles on it that just developed a critical issue, turning the engine into a ticking time-bomb until I pay a mechanic to pull it out and replace a flawed piece related to the timing chain. Apparently there was already a class action lawsuit against VW for the same issue, but it was for a different engine so I’m not covered. The repair would cost 2-4 grand, whereas the car’s KBB is no more than 5k. + +My mother’s trying to convince me to buy a new car, citing the “if repairs cost more than the car, get a new one” rule, and “many” of her friends’ anecdotal experiences about encountering more problems once a repair of this scale is completed. + +I think she has a point, but I don’t want to spend the extra money on a new car, and there’s a good chance that fixing this would make the car good for another 70k miles at least. + +Anybody had similar issues? +Hi everyone, + +I just turned 18 which means I’m finally able to get a TFSA. I’ve been able to save up about 15k and I’m struggling to figure out how to go about investing my money to grow it at its best potential. Since I’m only 18, I can only put 6k into my TFSA which means I’ll have about 9k leftover. I also have a steady part time job with no bills right now. How do I go about this? Is it worth it to get a personal investing account as well and what would be the difference with the trades using my TFSA vs the personal account? What about RRSP? I don’t even know what that means right now. I’ve been researching as much as I can but it’s all confusing and I don’t have financially literate parents or anyone around me to help. I’m anxiously trying to get this sorted out so that I’m not wasting any time. Any help is greatly appreciated, thanks! +Continually seeing comment after comment blaming the RBA for not taking action on house prices. Whilst lowering the cost of debt has certainly increased asset prices in Australia (much like everywhere else in the world), **it is not the responsibility of the RBA to bring these into line** + +The RBA has a 3 pronged mandate ; + +* Price stability, with a goal of keeping inflation in a 2-3% range over time + +* The maintenance of full employment; and + +* The economic prosperity and welfare of the people of Australia + +Now I know the geniuses of /r/ausfinance will say that house prices impact 3, but typically the RBA will focus on mandates 1 and 2 first, before shifting to 3. + +TL;DR + +RBA does not control house prices. +My dad passed away a couple weeks ago from cancer. My mom is still here and we are trying to figure out how he's been paying bills. For example, we're not sure how he was paying for gas and electric. + +Do we just call the companies and ask them what account he's been paying from? + +Mostly everything is on auto-pay (either monthly or quarterly), but he had a crazy amount of bank accounts so it's difficult to figure out where he was paying from for a lot of our services. Also he had a ton of CC debt (I read we are not responsible for that). They closed all his accounts and my mom never did finances before so she doesn't have a CC or bank to pay any bills on her own for now. + +She keeps crying talking about how we could lose our house, etc. but I told her don't worry. I have about 6 figures available personally and said I'd help if needed but she thinks I shouldn't have to and doesn't want me to, but I obviously will if worst comes to worst. + +He was also a hoarder, so his office is filled with hundreds of folders with papers dating back to the early 2000's, very overwhelming to go through. + +Appreciate any advice. I already read the death of a loved one wiki on the sub, but need help with figuring out how to pay bills and figure out where he's paying from for everything. We got 10 death certificates if they're needed. Already sent a few to some bank accounts. +(I am posting this as a new thread since the text is too long for a comment in the mega thread). + +TLDR + +* As and when we realize cash in the funds - scheduled maturity, orderly sale - we would disburse on a monthly basis +* It is not going to be back loaded (edit.. i.e. the payouts would start soon enough) +* This was an incredibly difficult decision, but we did it as the only viable option + +Notes from Franklin call... + +The call is meant for advisors + +(poor audio quality) + +recording and transcript would be available + +&#x200B; + +* After reco from trustees, we are voluntarily winding up 6 funds +* Severe redemption pressures on debt funds +* Liquidity is low +* Timeline of improvement unclear... +* We want to provide equitable exit to investors in an orderly way... + +Winding up means + +&#x200B; + +* No transactions at all - redemption, purchase, transfer +* Preserving value by liquidating securities in an orderly manner +* No management fees during this time + +Reasons that led to this + +&#x200B; + +* Redemption pressures +* Lower MTM +* Reduced liquidity of bonds - particularly lower rated +* Bond market may not return to normal for quite some time +* Very difficult decision - dont want sales pressure in illiquid markets + +Impact on AMC + +&#x200B; + +* Impact is limited to six funds impacted by the liquidity +* Other funds are not affected - have independent teams +* Remain committed to business in India +* Have an experienced equity team +* We would rebuild further in India + +(lost 5 minutes) + +&#x200B; + +* Situation is unprecedented +* Firm is very committed to India +* Outstanding franchise here +* 3000+ employees in India? +* Want to do the best for the investors + +(lost another 5 minutes) + +Anand - Equity Head + +&#x200B; + +* Capable equity team +* Team has seen many market situations +* Backed by global risk management practices +* Quality and sustainable growth are basic principles of portfolio +* Teams have grown organically +* operate independently + +View on markets + +&#x200B; + +* Even quality companies have taken a hit +* Upside potential is good +* We see a gradual recovery rather than V shaped recovery +* Investors can keep faith in FT equity funds + +(lost few more minutes) + +Santosh - CIO Fixed Income + +Context + +&#x200B; + +* Best interests of the investors - principle that we always follow +* Conditions are tough +* As economic situation normalizes, financial markets would also normalize +* Have been in the market for 25+ years - while markets had problems, the economic situation was milder than financial markets +* Currently economic situation is uncertain +* Long uncertainty reduces risk appetite +* Central banks are  trying to induce risk appetite - by various means +* RBI has done a lot over the last few weeks - including out of the box solutions +* Still, there would be flight to safety +* Biggest issue for us is the redemption pressure in open ended schemes +* Market is quite low for lower credit quality papers +* If uncertainty continues, this would keep getting worse + +Wind down process + +&#x200B; + +* We have various durations +* Maturity would happen +* When the market gets better, we would look for orderly sales +* Balance paying out early and preserving value +* **"Keep paying back"** all our investors +* **Periodic and repeated payouts to investors** +* We have generated cash of 25,000 in the last six months in these six funds - maturity, orderly sale, etc +* Have confidence of doing this in the coming months too +* Shorter duration funds would pay out faster +* In the meanwhile, NAV would be published + +Difference between 'managed credit' and 'high credit' funds + +&#x200B; + +* Have been doing this for 15+ years +* When markets are volatile, opportunities also come up +* Managed credit has helped in this situations +* In the last few years, we built a separate high credit  team +* 15,000 + crore AUM +* This has not been noticed that well by market - spotlight has been on the managed credit side +* We feel confident about this high credit set of funds + +Implications on investor + +&#x200B; + +* Liquidity in the fund is needed to allow people to redeem +* Liquidity has a cost +* But it is borne by the investors who stay +* Current situation increases the cost of liquidity +* Wind down does the trade-off between value and liqudity +* In wind down process, liquidity is not at investor's choice, but at fund's choice + +Vivek - FT as an AMC + +&#x200B; + +* There is no doubt on our commitment +* Over the decades we have created value on equity and debt +* Please judge us by the long term record, and also how we manage the wind down process +* Purpose of wind down is to optimize value for investors +* We have several different investment teams - operating independently +* Even within debt,  managed credit and high credit teams were different +* FT has a history of doing what is good for investors +* The wind down decision is a part of that +* We would get criticism for this, but we believe that this is better for investors +* We are deeply committed to Indian markets +* Equity team has great track record of 2.5 decades +* High credit team is newer in FT, but has a lot of experience outside + +Final comments + +&#x200B; + +* As and when we realize cash in the funds - scheduled maturity, orderly sale - we would disburse on a monthly basis +* It is not going to be back loaded (edit.. i.e. the payouts would start soon enough) +* This was an incredibly difficult decision, but we did it as the only viable option +* We are committed to answer your questions +* We want to work with you to realize the value for investors +Is algorithm trading fruitful? Does it have better returns than just trading with your own knowledge? and... is anyone involved in algotrading here?? I found out about it recently and wanted to know if it is done in India. +Aditya Birla Mutual Fund has launched a new fund offer for ABSL Nifty-50 Equal Index Fund. + +The index comprises the same stocks listed in Nifty 50. In the Nifty 50 Equal Weight Index, the difference is the socks are given equal weightage. Each stock is given a 2% allocation. + +So if a stock surpasses 2% automatic profit booking and that would be added to NAV. Is it worth investing? +I was surprised this wasn't posted as it seems pretty newsworthy, so a couple days late is better than never I guess. + +>SHANGHAI (Reuters) - **PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments.** +> +>[**PayPal**](https://www.google.com/finance/quote/PYPL:NASDAQ) **acquired the 30% stake it doesn’t already own in China’s GoPay, formally known as Guofubao Information Technology Co., on Dec. 31, 2020**, according to shareholder data from the National Enterprise Credit Information Publicity System. +> +>**Financial details weren’t disclosed in the data. The stake purchase came a year after PayPal bought a 70% stake in GoPay for an undisclosed amount，then becoming the first foreign company licensed to provide online payment services in China.** +> +>PayPal declined to comment. +> +>**In taking full control of one of the smaller players in the world’s largest payment market, PayPal will compete with domestic payments giants Alipay, owned by Alibaba-affiliated Ant Group, and WeChat Pay, owned by Tencent Holdings Ltd, as China fully opens up its financial sector.** +> +>The stake purchase also comes amid Beijing’s antimonopoly campaign against Alibaba Group Holding Ltd and other Internet companies. +> +>Last August, PayPal appointed Hannah Qiu as head of China business, responsible for formulating long-term strategy in the world’s second-biggest economy. Qiu was a former executive at insurer Ping An Group’s fintech unit OneConnect, according to PayPal’s website. + +[Reuters](https://www.reuters.com/article/china-paypal-stake/paypal-becomes-first-foreign-firm-in-china-with-full-ownership-of-payments-business-idUSL4N2JP14M) +Few points/questions. + +I was just cruising mentor Monday and looking at the posts. Almost everyone is asking for pretty high level advice (which is probably in and off itself the problem) but I noticed almost all of them are left unanswered. + +It’s more about career advice which we probably can’t give, given everyone’s unique situation and lack of detail. + +This poised the question. Why do we even have that weekly post? I know it’s to minimize the “how do I get rich” posts but my perception is it just seems like a post trash can when nothing is being discussed. Again, much of which are just fluff surrounding the question of how to get rich. + +Do we need more strict rules around having those questions? I understand the need for this sub to not get bogged down with those type of questions daily, but should we push them somewhere else? + +Also, I mentioned it a while ago but do we all need to be more clear on how most of us got here? It’s almost unrealistic to not give the impression that we hit some sort of “lottery” (please don’t take that as luck without effort) whether it was become a high earner in the few fields that pay enough, sell businesses, inherit, or a few other circumstances. + +I worry we subconsciously sell a pipe dream when the likelihood of people making it fat and dedicated their lives to it isn’t what most of us did[(which I posted about a while back)](https://www.reddit.com/r/fatFIRE/comments/pghk1x/opinion_most_people_that_fat_fire_didnt_plan_on_it/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) . The thought of some 20 something spending the next 20 years trying to become fat while missing out on a lot of life, breaks my heart. That last comment may get pushback but I want to remind everyone, people who do dedicated their lives to getting rich and doing it are the minority. +*"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."* + +**- Thomas Jefferson** + +Satoshi Nakamoto took the power from the banks restored it to the people, to whom it properly belongs. +&#x200B; + +https://preview.redd.it/3iks19iiv5a71.png?width=1600&format=png&auto=webp&s=2e3a8709e9b70ecfc3d758e40166457782b108ed + +***Edit: Since, rensole is off today, I thought why not give it a shot! Any corrections or comments about this post are welcome!*** + +Good Morning San Diago, + +I am the Editor and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +https://preview.redd.it/yn8le98jv5a71.png?width=680&format=png&auto=webp&s=df710c5f3765f10a0eba5d22e584c73a8e7e9570 + +The reverse repo's for today + +&#x200B; + +[credit u\/pctracer](https://preview.redd.it/esauihymt5a71.png?width=715&format=png&auto=webp&s=ce596099a4c8b7cc4fc9674e812a6ee6dbe46512) + +**Our papa, RC tweeted this yesterday.** + +[https://www.reddit.com/r/Superstonk/comments/ogey78/ryan\_cohen\_on\_twitter/](https://www.reddit.com/r/Superstonk/comments/ogey78/ryan_cohen_on_twitter/) + +**Shitadel Staff Leaving** + +[https://www.reddit.com/r/Superstonk/comments/og5acc/breaking\_news\_hedge\_fund\_citadel\_hiring\_from/](https://www.reddit.com/r/Superstonk/comments/og5acc/breaking_news_hedge_fund_citadel_hiring_from/) + +This could be true, or this news was paid to be published. We're not sure. These fuckers will anything to stay afloat. + +**Just FYI, these are unrealized losses. Until they close out their short positions, they're not actually lost anything.** + +https://preview.redd.it/p3qa0ohkt5a71.png?width=1169&format=png&auto=webp&s=3817e1637976dc16d19fd75a9b5ac4d20ec3770f + +**Many Apes reporting they're getting shill messages. Be careful while you're getting these messages, and I prefer don't respond to them.** + +[https://www.reddit.com/r/Superstonk/comments/ogr6jg/my\_first\_shill\_message\_stay\_frosty\_apes/](https://www.reddit.com/r/Superstonk/comments/ogr6jg/my_first_shill_message_stay_frosty_apes/) + +[https://www.reddit.com/r/Superstonk/comments/ogrdes/am\_i\_doing\_it\_right/](https://www.reddit.com/r/Superstonk/comments/ogrdes/am_i_doing_it_right/) + +[https://www.reddit.com/r/Superstonk/comments/ogr623/i\_got\_the\_below\_message\_from\_a\_1day\_old\_account/](https://www.reddit.com/r/Superstonk/comments/ogr623/i_got_the_below_message_from_a_1day_old_account/) + +[https://www.reddit.com/r/Superstonk/comments/ogrhpi/finally\_got\_my\_first\_spam\_message\_feeling\_part\_of/](https://www.reddit.com/r/Superstonk/comments/ogrhpi/finally_got_my_first_spam_message_feeling_part_of/) + +&#x200B; + +[ It's tinfoil at best but still interesting to speculate about](https://preview.redd.it/q86g7kait5a71.png?width=960&format=png&auto=webp&s=d26d4b249ffe5388483e8e5511f8062a69e5bc6f) + +&#x200B; + +[credit u\/JimmyWithTheJokes](https://preview.redd.it/ir6kcenxt5a71.png?width=802&format=png&auto=webp&s=92968f49e40e1b04ae6d2f7a741fd6f5c499674f) + +**GAMESTOP'S FULFILLMENT CENTER IN YORK, PA** + +[https://www.reddit.com/r/Superstonk/comments/ogcxnl/new\_photos\_inside\_gamestops\_fulfillment\_center\_in/](https://www.reddit.com/r/Superstonk/comments/ogcxnl/new_photos_inside_gamestops_fulfillment_center_in/) + +&#x200B; + +[credit u\/TDETLES](https://preview.redd.it/43b4pse9u5a71.png?width=1728&format=png&auto=webp&s=54b51c8fef77928a7bc6b4fcf2ffc424bfacaf1f) + +**THANKS TO ALL APES WHO SUPPORTED THIS!** + +[credit u\/brandinoooooo](https://preview.redd.it/5fax7crfu5a71.png?width=1080&format=png&auto=webp&s=533eb017b84f9bbc9e7dd3f842ee525cdf0c6e6d) + +&#x200B; + +[credit u\/slackjawedyoker](https://preview.redd.it/o9ory1vsu5a71.png?width=1383&format=png&auto=webp&s=a70b7f4d323c01e8f1dd9ca41bbbab353cb3c319) + +https://preview.redd.it/ho3tzo0dv5a71.png?width=554&format=png&auto=webp&s=d6583e29a1aa0aa68bad9150211fd6b706895c09 + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +https://preview.redd.it/gw5eso1fv5a71.png?width=400&format=png&auto=webp&s=98eb51e071da5c2fb42d3b1b7dfd4cb796f828cd + +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) + +Edit 1: + +**One of the addresses associated with the GameStop NFT had a transaction.** + +[https://www.reddit.com/r/Superstonk/comments/ogjbcy/one\_of\_the\_addresses\_associated\_with\_the\_gamestop/](https://www.reddit.com/r/Superstonk/comments/ogjbcy/one_of_the_addresses_associated_with_the_gamestop/) + +**Principal Engineer NFT @ GameStop Jordan Holberg: "Baby’s first pull request 🥺"** + +[https://www.reddit.com/r/Superstonk/comments/ogptsx/principal\_engineer\_nft\_gamestop\_jordan\_holberg/](https://www.reddit.com/r/Superstonk/comments/ogptsx/principal_engineer_nft_gamestop_jordan_holberg/) + +Edit 2: + + [u/PWNWTFBBQ](https://www.reddit.com/user/PWNWTFBBQ/)'s post about Shorting Algorithm + +[https://www.reddit.com/r/Superstonk/comments/ogjkao/i\_think\_i\_figured\_out\_the\_shorting\_algorithm/](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/) +Hey everyone, I find this annoying but the CRA is showing a crazy high number of allowable contribution room for my TFSA but I just maxed it out yesterday. Did I do it correctly? I added up all my ‘book’ values of my TFSA’s and used that and compared to my allowable room based on how old I am and how much room I have. + +I know the banks report once annually to the CRA on contribution room but it’s annoying that it’s entirely your responsibility but if you over contribute, the CRA shoots you and your entire family. + +Edit: I track all my balances in an excel spreadsheet in real time + +Update: I downloaded all my statements, tallied it up and I’ve over contributed by $2K. Waiting for the CRA to execute me + +Note: I’ve contributed a lot this year (I’m 28) in a few TFSA accounts which made tracking kinda awkward this year. I appreciate everyone’s help and anecdotes +I posted this yesterday after close and it got less traffic than DRS ring images yesterday so I'll try one more time. It's a bit of reading but it's worth understanding. + + +Here's [Goldman, BNY Mellon and Citadel dancing together](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) + + +Here's a [Goldman/Citadel related defunct exchange trading $GME puts](https://www.reddit.com/r/Superstonk/comments/pauf6x/found_connection_between_todays_movement_and/) + +That exchange [lit up again, spoofing](https://reddit.com/r/Superstonk/comments/qc26b2/spoofing_right_around_cs_buy_time/) + +Citadel has [a direct connection with EDGX](https://www.reddit.com/r/Superstonk/comments/ox93kt/citadels_connection_with_cboe_global_markets_and/) where that originated from. + +Citadel has been fined for spoofing before, [It's why they were kicked out of China for 5 years](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> ***The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices.*** It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks. + +Note: Citadel was using algorithms to spoof and to make the market super volatile. + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> [The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices. It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks.](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + + +Here's a *different* defunct [Goldman and Citadel exchange popping up to do wash trades](https://www.reddit.com/r/Superstonk/comments/psl6cj/drctedge_exchange_owned_by_citadel_goldman_sachs/) + +It is known that [BNY Mellon turns a blind eye to this behavior](https://i.redd.it/4rsmlzn90vu71.jpg) + +Here's how Citadel and Co are [internalizing retail orders like Madoff](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) which led to FTDs from internalizing orders (see page [35 of SEC report](https://www.sec.gov/news/press-release/2021-212) ) + +Here's [Citadel telling you they internalized the hell out of that day](https://mobile.twitter.com/citsecurities/status/1442629361958637568) + +&nbsp; + +Goldman Sachs is [the clearing broker for Citadel](https://www.reddit.com/gallery/meov7p) "and in that capacity may have custody of funds or securities of Citadel Securities LLC" + +&nbsp; + + Citadel got so big... [by buying Goldman's DMM business after it merged with another.](https://www.prnewswire.com/news-releases/citadel-securities-reaches-preliminary-agreement-to-acquire-dmm-unit-from-imc-301149075.html) + +> Citadel Securities, a leading global market maker, today announced that it has reached a preliminary agreement to acquire IMC's Designated Market Making (DMM) business on the floor of the New York Stock Exchange (NYSE). + +> IMC has been a DMM on the NYSE since 2014, when it acquired Goldman Sachs' DMM business. Since 2014, IMC has expanded its market making operations with an increased focus on ETFS and options and has also increased its U.S. operations almost two-fold to nearly 400 people in support of its trading operations growth. The sale of the DMM business at this time, which represents a small portion of its overall U.S. operations, is consistent with IMC's growth strategy. IMC is committed to growing its ETF and options business, as evidenced by its ongoing performance as a Lead Market Maker in over 150 ETFs and a Lead Market Maker in over 500 Options classes, as well as registered market maker in all products it trades.   + +&nbsp; + + +I also want to point you to an old lawsuit [where Citadel was just not closing out FTDs,](https://www.reddit.com/gallery/qd1wme) sound familiar? + +And a [second Citadel lawsuit](https://www.reddit.com/gallery/qd27v5) where they just *don't report short positions, and cover their tracks by marking a few longs as short...* + +&nbsp; + +Oh and ***guess who was giving loans to Robinhood in January*** Aka you can't fulfill the DTCC margin call so come up with something else like PCO + +> [Robinhood’s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to data compiled by Bloomberg.](https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult) + + +JPMorgan and Goldman are [prime brokers for Melvin who started the shit in January.](https://www.reddit.com/gallery/qcgfwm) + + Right [before the PCO day](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) + +Now go [reread this conversation with that context](https://i.imgur.com/CFw37Im.png) + +What exactly were Goldman and Citadel doing [with this company](https://imgur.com/a/VDeKsIv) + +&nbsp; + +*** + +Now on to Archegos. + + [Goldman, Morgan Stanley Sued Again Over Archegos-Tied Sales](https://www.bloomberg.com/news/articles/2021-10-21/goldman-morgan-stanley-are-sued-again-over-archegos-tied-sales) + +> Goldman Sachs Group Inc. and Morgan Stanley were sued by shareholders of a Chinese online-education company that accused the banking giants of trading on inside information when unloading the stock they held for Archegos Capital Management. + +Melvin and Citadel underwriters *at it again.* + +&nbsp; + +Credit Suisse were [hiding 540k GME puts](https://www.reddit.com/gallery/otzu3e) in Brazil via [BNY Mellon.](https://imgur.com/U1smdwe.jpg) [(Archegos anyone?)](https://www.credit-suisse.com/articles/media-releases/2021/07/en/archegos.html) *(Goldman and Morgan Stanley 😆 at you)* + + +You can see [their website here](https://servicosfinanceiros.bnymellon.com/AppPages/investimentfunds/funds.aspx) + +One of those Credit Suisse funds disappeared in the last 4 weeks and now they get [fined for corruption huh?](https://www.sec.gov/news/press-release/2021-213) + + +The ones that Bloomberg said ["are just a bug and have been addressed"](https://www.reddit.com/r/Superstonk/comments/oxv148/brazilian_puts_bloomberg_says_they_were_a_bug_and/) + +Suddenly a [Brazilian bank has a ton of puts?](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/) Surely a big coincidence. + +The other Brazilian company hiding puts [BNY Mellon also is administrator of](https://imgur.com/Hl1MFPm.jpg) like the assholes have a 'get out of reporting by hiding in Brazil' service for a fee. + + +And it's known BNY Mellon hides shit from their books and reporting. + +> An SEC investigation found that BNY Mellon deviated from regulatory capital rules by excluding from its calculations approximately $14 billion in collateralized loan obligation assets that the firm consolidated onto its balance sheet in 2010.  + +> [BNY Mellon never obtained Federal Reserve Board approval as required under regulatory capital rules to exclude the assets from its calculations.  Due to the miscalculations and the firm’s lack of internal accounting controls to ensure its financial statements were being prepared properly, BNY Mellon understated its risk-weighted assets and overstated certain risk-based capital ratios in quarterly and annual reports from the third quarter of 2010 to the first quarter of 2014.](https://www.sec.gov/news/pressrelease/2017-9.html) + + +&nbsp; + +I think [Pablo might know something](https://www.citadel.com/leadership/pablo-salame/) as he + +> is Head of Global Credit at Citadel, responsible for leading the firm’s developed and emerging market credit strategies and convertible arbitrage activities. He also serves on Citadel’s Portfolio Committee. + +> Prior to joining Citadel in 2019, Pablo worked at Goldman Sachs for more than 22 years, most recently serving as Co-Head of the Securities Division for 10 years. His previous roles include Head of European Equities Trading, Co-Head of Global Credit, and Global Co-Head of Emerging Market Debt. He began his career working for Citicorp. + +[This guy too](https://www.bnymellonwealth.com/profiles/leadership/avi-shua.jsp) whose puts are those huh? + +> Avi Shua is the Managing Director and Chief Information Officer for BNY Mellon Wealth Management. In this role, he is responsible for technology strategy and implementation for the Global Wealth Management business.   Avi is also a member of the BNY Mellon Technology Executive Committee, as well as the Wealth Management leadership team. + +> Avi joined the firm in 2018 and has more than 27 years of industry experience in the financial services sector. Prior to joining the firm, ***Avi served as Global Head of Private Wealth Management Technology for Goldman, Sachs & Co.  During his tenure at Goldman, Sachs, Avi held senior roles in the investment, merchant banking, asset management and commercial banking technology organizations.*** + + +&nbsp; + +Pretty obvious when Kenny is [flying to Burlington, Vermont. Spent only a few minutes on the ground before returning to Teterboro](https://www.reddit.com/r/Superstonk/comments/pvelk4/update_on_mayo_force_one_movements/) what he's up to + + +Burlington is [home to Goldman Sachs Asset Management.](https://www.gsam.com/content/gsam/us/en/advisors/resources/advisor-resources/dcio.html) + + +&nbsp; + +And *all of that* doesn't even touch on [BNY owning Dreyfus](https://en.wikipedia.org/wiki/Dreyfus_Corporation) and the implications of that. + +Because [they do](https://www.prnewswire.com/news-releases/bny-mellon-investment-management-to-rebrand-dreyfus-300804822.html) + +&nbsp; + +And it's publicly known these specific banks *were skirting the line with VAR as is.* So one single boom from a client like Melvin really could have started a ripple to Citadel, who they also are custodians for and now are liable for both bags of shit. *Did they force Citadel to give Melvin cash?* + +> Of the eight US global systemically important banks (G-Sibs), Morgan Stanley and Bank of America have been operating closest to their value-at-risk estimates over the first quarter of the year. Banks must disclose their three largest trading losses each quarter as a percentage of VAR. + +> [The largest losses-to-VAR ratio at Morgan Stanley was 90.73%, the highest of the US G-Sibs. Bank of America was close behind, with a ratio of 89.42%. BNY Mellon posted the third-largest trading loss of the group](https://www.risk.net/risk-quantum/7836081/morgan-stanley-bank-of-america-push-var-limits-the-most) + + +Other than that one company that keeps randomly not being able to pay costumers, keep lights on, or keep services up. + + + Speaking of them... + + There's [also this](https://www.marketwatch.com/story/ny-ag-fines-bank-of-america-42-million-for-fraudulent-masking-scheme-2018-03-23) from 2018 + +> New York Attorney General Eric Schneiderman said the state has reached a record $42 million settlement with Bank of America Merrill Lynch BAC over a fraudulent "masking" scheme in the bank's electronic-trading division. ***The bank told customers it was executing their orders in-house, but instead was routing them to ELPs (electronic liquidity providers), such as Citadel Securities, Two Sigma, Knight and others.*** The bank "masked" the deals by replacing the identity of the ELP with a code that indicated the orders were carried out by B. of A. Merrill Lynch. "Bank of America Merrill Lynch went to astonishing lengths to defraud its own institutional clients about who was seeing and filling their orders, who was trading in its dark pool, and the capabilities of its electronic trading services," Schneiderman said in a statement.  + + +&nbsp; + +And that's *really not good* when [Citadel is 7 of the 8 FICC CCIT members](https://i.redd.it/qcsfdlq0by471.png) (how, who the hell knows) and BNY Mellon is their clearing bank for triparty transactions. [(Which is what the FICC CCIT is)](https://www.dtcc.com/clearing-services/ficc-gov/centrally-cleared-institutional-triparty) (the only other triparty clearing bank being JPMorgan) + +Now tell me again why [Citadel was at this meeting?](https://news.bloomberglaw.com/securities-law/china-wall-street-meeting-focused-on-transparency-stability) + +> The three-hour meeting of the China-U.S. Financial Roundtable on Thursday included the head of the People’s Bank of China, and executives from Goldman Sachs Group Inc., Citadel and other Wall Street powerhouses, according to people familiar with the talks, who asked not be named because the meeting was private. + +Could it be [BNY Mellon exposed them to this debt](https://www.bloomberg.com/news/articles/2021-04-13/bny-mellon-opens-4-trillion-repo-niche-to-holders-of-china-debt) as they are 7 of the 8 members. + +&nbsp; + +Aka the Evergrande and 4 other biggest real estate firms in China are *really not good* for the US triparty system (US treasuries). + +Here's [Evergrande, Sinic and Modern land](https://www.washingtonpost.com/world/asia_pacific/china-evergrande-debt-property/2021/10/12/403d48ca-2b1a-11ec-b17d-985c186de338_story.html) warning of issues + +Here's [China properties Group defaulting](https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-Properties-defaults-on-notes-worth-226m) + +And [Sinic defaulting](https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads) + +And [Fantasia Holdings, a China princeling defaulting](https://www.bloomberg.com/news/articles/2021-10-21/princeling-s-surprise-default-roils-global-investors-in-china) + + +&nbsp; + +This also doesn't even start down the discussion of [every time Ken Griffin's plane starts flying, huge crypto transactions follow](https://reddit.com/r/Superstonk/comments/qcwnlz/mayo_force_update_for_october_21_interesting/) +https://www.cnbc.com/2022/05/16/musk-reportedly-says-twitter-deal-at-lower-price-not-out-of-the-question.html + + +Elon Musk hinted that he could seek to renegotiate the price of his Twitter takeover, saying a deal at a lower price wasn't "out of the question," Bloomberg reported Monday. + +The stock has dropped as investors fear Musk will walk back on his agreement to acquire the social media company for $44 billion. + +Musk reportedly made the comment while speaking at a summit hosted by Chamath Palihapitiya, Jason Calacanis, David Sacks and David Friedberg for their "All-In" podcast. + +… + +The stock is down more than 7% for the day investors fear Musk will walk back on his agreement to acquire the social media company for $44 billion. + +Twitter shares have also erased all gains made since Musk disclosed his investment in the company on April 4, in part thanks to a sell-off late last week. Musk said Friday that the acquisition was "on hold" while he researches the proportion of fake and spam accounts on the platform, which he believes Twitter has misstated. + +Musk on Monday estimated that fake users make up at least 20% of all users, according to the Bloomberg report. Twitter, meanwhile, has said the accounts made up fewer than 5% of its monetizable daily active users in the past quarter. +I am beyond ecstatic. I know it really isn't a big deal in the way of debts, but it really does feel like a major milestone to have finally cleared it. +TL;DR: Being financially independent gave me confidence to not give two f\*\*ks about my company's new a-hole management team and allowed me to really consider my next career move. + +=== + +New management came in and turned my laid back small company into a corporate, always in meetings, nightmare. The new managers "brag" about how they worked over the weekend and how they stayed up until 2 a.m. working on some report. That ain't me. I have hobbies and a life. + +I got into it with one of the managers and there is no mistake in our dislike for each other. I figure the only reason why they haven't fired me by now is because they're so incompetent that they have no idea what I do. I create all the weekly reports reviewed by the executives, and they can't even figure out how to run the reports themselves. When they ask me to show them I make it sound overly complicated and their ADHD brains get overloaded after 5 minutes of my made up technical jargon (they have no background in my field). + +If I weren't already pursuing FIRE and am somewhat FI by now, I'd be stressed out and worried about my job. But I've been pursuing FIRE for the past 20 years...I have a paid off house, a hefty retirement account ($600K in my early 40s), a taxable brokerage account ($100K) and a large cash account (I like keeping 1 year in emergency savings). I'm probably the best one at my company at my age to handle a job loss that wasn't born into money. + +So I've been the only employee in my group since the new management came that is still working standard business hours. I don't go into the office on weekends or work long hours to satisfy or impress them. Since we can work remotely, I went to Hawaii for two weeks and worked during the business hours and didn't even tell them (never heard of them checking for log on locations and doubt they know how). During my vacation, they wanted me to go into the office for a task that I could do remotely, but they wanted to be a-holes. I completed the task remotely and sent an email to the entire department explaining how the task can be performed remotely and how employees do not need to go into the office for this task. This pissed them off because my e-mail wasn't approved by a manager, but now all the junior employees know the managers are being a-holes if they tell them to go into the office for this task. + +I've also been job hunting on the side. Let me tell you...job hunting when you're not worried about paying bills is sweet. I had time to decline some job offers if I didn't feel right about the company. I'm now with the (good) problem of having to choose between two job offers...a risky startup for more money and better opportunities for growth....or a Fortune 500 company that may be stodgy but stable. The startup will require that I work more hours, but I'm really tempted by the paycheck and growth opportunities. I also think having a Fortune 500 company may look good on my resume and it sounds like I will have the time schedule that I want. I feel so blessed to be in this situation. + +So this upcoming week after Labor Day, I'll be choosing between one of my offers and likely turning in my 2-week resignation. Being FI allowed me to handle this hell chapter of my career pretty well. +I would like to go into a career of Data Analytics or something similar but it seems as if I'm not qualified for any positions I find. I figured that going to grad school will help with this, which has always been something I've wanted to do, but I also feel like getting work experience first is wiser. What kind of position should I start? Should I just skip straight to grad school? +Hello everyone! I’m new to this subreddit, but am very interested in economics. I have a choice between graduating a semester early, or adding a minor. Since economics is interesting to me, and I’m pretty good at it, it is my top choice. As a Finance major, would it be worth it to get a minor in Economics? What are the pros and cons? Thanks in advance! +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? +I'm thinking of getting a dog (golden retriever or lab). The kids *really* want one. From a fat lifestyle, with nice things (expensive furniture, fancy cars, etc), a clean house (weekly cleaners) and the desire to travel at least a few times per year, I wonder if it is a good idea. One theme I hear on this sub is how important your time is (you can't buy it or get it back, etc.) Dogs are a lot of work. Brushing/grooming, cleaning up hair (more often than the weekly cleaners so out comes the vacuum), walks when you may not have time or at least the desire, and the list goes on. I've never been a pet person which you can probably tell by the tone, but I'm really torn on this. Thoughts? + +Edit: They say money can't buy happiness, but this would make my family really happy. I can see a personal benefit from the companionship, stress reduction and maybe even a little more exercise. I dove right into the concerns in the post to hear the fat perspective. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Listen up kids. (Yes, I said kids, I'm old af.) Most of you are post-analog. That's not a slam, it's a fact of life. Here's what's happened between my birth and yours: ***everything digital is now tracked.*** I grew up in a time when there were a couple of vital records (birth, death, marriage, that one time you got locked up for the weekend for a DUI) and that was about it. None of this click-tracking, behavioral profiling, AI-based predictive analytics. + +Today, it's worse. We're not just tracked, our behavior is **monetized**. You know this, of course, you were born in it. It's the air you breathe and the water you swim in. But it wasn't always this way, and didn't have to be this way. C'est la vie. Even this, these words I type, are no doubt being correlated with endless consumer, corporate, federal, and criminal profiles of... me. And mostly automatic. My life is somewhat tedious. But so what? And this is true for everyone except the extremely rich and powerful who have multiple clouds of digital, physical, and legal systems to run interference. + +**So here's the thing I wanna talk about today**: when GME ran off the rails two years ago and Robinhood shut down the buy button, something interesting happened. Retail investors broke the model and the system of tracking panicked. + +It may have been **the last time** in modern history that anyone will have the opportunity to break outside the system. Have a degree of freedom of action. Every phone call you make, website you click on, every thing in your checkout cart, every person you vote for, every toll booth you pass, and every asset you buy, becomes part of your profile. And all of it, is part of a modern version of payment-for-order-flow. + +And it ain't just stocks. What do you think Google and friends really do to earn the biscuit? Recommend fan-fic websites? Nah. + +**So here's the deal**: global levels of interest and pressure are now applied to the GME saga. They left a gap in the armor, and retail grabbed on to a low-level exploit. Hodl. That's it. That's all it takes. In fact, you can't do anything else, other than capitulate. + +Everything you're doing right now (yes **you**) is being watched. Passively, actively, tomato, tomato, I don't care. It's the same thing. And you don't have any surprise moves left because that same global surveillance PFOF model will happily front-run whatever you choose to do, and nullify it. + +So here's the only game that matters. + + + + 1.HODL. + + 2. DRS + + 3. "Fuck you, pay me." + + +Your stupid, simple, foolish choice to buy and hold has captured the entire balance of order flow for the global capital market. Yikes! + +It doesn't matter that they're watching now, as long as you don't let go, they can't stop you without destroying the house of cards. That's what we're doing now. Deciding if "they" capitulate capital ownership -or- burn down the house. That's the game. + +Game on. +https://www.cnbc.com/2019/08/14/trump-hammers-clueless-jay-powell-rails-against-crazy-inverted-yield-curve.html + +President Donald Trump blamed the Federal Reserve for mounting fears about a slowing U.S. economy on Wednesday as he defended his administration’s trade war with China. + +In a pair of tweets, the president argued the central bank and its “clueless” Chair Jay Powell have dragged on the U.S. economy. He also blamed the Fed for the yield on the 2-year U.S. Treasury moving higher than the yield on the benchmark 10-year Treasury — a possible recession indicator that contributed to U.S. stock indexes dropping more than 2.5% on Wednesday. + +Trump also claimed “we are winning, big time” in his administration’s trade conflict with the world’s second largest economy. “China is not our problem,” but rather “our problem is with the Fed” and its interest rate policy, he said. +what percentage split do you recommend a portfolio of only dividend stocks to be...individual company stocks vs ETFs...currently split about 80% & 20% respectively. Thinking I should have more in the ETFs +Just a quick rant, walking from work to the train station (which is about a 5 minute walk) I counted at least 5 different adverts for these services. Now most of the banks and pay pal are in on it too. Setting up lots of people to get into bad spending habits. I realise in some instances these services can be useful but most of these are just aimed at people going into debt for discretionary spending. +He lives 5 mins walk from mine. He popped in after his last job (which we agreed) and went straight home afterwards. + +He also owns a building company. + +It was supposed to be an initial assessment but decided he can fix it on the spot. It was quick and involve a Allen key (to open it) and WD-40 (to lubricate so the switch can turn smoothly). + +He mentioned at the outset he doesn't have a call out charge but the hourly rate is £80. I was billed for £80. + +Now it is a few months later. **I'm thinking to do a garage conversion and would like to use a local builder (it would cost anything between £5k - £15k). Based on the plumbing experience, shall i trust him?** + + +Edit: I never said I expect to pay by minute. That's unreasonable. But I did wonder if I would get a discounted flat rate something like £50 considering he lives in the neighbourhood and the ease of the job. +I initiated a lumpsum investment into 3 MF schemes at 2:27 PM on the 18th of March each for an amount that is low enough to be transacted via UPI through Kuvera. (Canara Robeco, Axis and Kotak - all equity MFs) + +I get a message early morning the next day from Canara Robeco that the allotment has been made against my folio for the 18th March NAV. Great! + +I make sure to verify the allotment, sure enough its there all day on the 19th March up until I sleep. + +Wake up this morning on the 20th of March to find out that apparently my older allotment in Canara Robeco has been rejected and I also get a message that I have been allotted the 19th March NAV for the Kotak investment and the Axis one is still pending. All of this on a day the market is not open. The current state of NAV allotment is absolutely ridiculous. I have so many questions and I don't know whom to blame here. + +SEBI? For the ridiculous rule of allotment when the funds hit the AMC account which does not go hand in hand with the 3 PM allotment cut-off at all.Kuvera, maybe? I've already made a support ticket to find out why this may have happened. Awaiting response.Canara Robeco? I find it extremely unpleasant that an allotment was rejected after being accepted? When am I supposed to get the refund on this?Kotak? + +Is there something I'm missing here? In hindsight I should've made the investments through the AMC websites separately but that doesn't mean all of this isn't an issue. Looking for what can be done in this case from the more experienced investors here.. + +Edit 1: As much as this post may seem like I fret over returns, that's really not what this is about. I would've had the same questions if it was a day when the markets went up and not down like they did on 18th March. + +Edit 2 : Kuvera cut-off is 2:30 PM. Even then, my investment was made before the cut-off for the day. However, as highlighted by Kuvera, the issue could be that the order time was 2:27 PM but the UPI transaction time could have been after 2:30 PM (or before), in which case I agree that I should get the 19th NAV. + +Edit 3 : I just had a word with a Kuvera employee. While I wasn't blaming Kuvera because I was unsure what went wrong, they are helping me have this resolved with the AMCs with their escalation team working on finding out the reason for this case and driving it to closure. All the scenarios were also very well explained over the call and I appreciate them taking the time to do this over a weekend. I will be updating the thread over the current status and likely be creating another one when things are resolved if this one gains enough traction. + +Edit 4: I just got the allotment from Axis MF. The transaction date is 18th March but the NAV is that of 19th March. Which again is very weird. All the three transactions now have discrepancy. I also went back to my bank app to check my UPI transaction time and it appears it is 2:28:29 PM which is within the cut off. The only reason I mention the exact time is because every second will matter in this case to conclude which NAV I should be getting, this was conveyed to me by the Kuvera employee over the call. +I keep seeing post about wealthy elites supporting this movement, encouraging everyone to buy and hold. People are forgetting that you don’t become a billionaire and maintain that statues without fucking over the common man on a regular basis. Stop thinking they are your friend, don’t invest because they are on our side or because they said so. They are part of the group that has been fucking over everyone since time and now they know how they can make even more money. + +They encourage us to invest and hold because they will just profit even more as the value keeps rising, they aren’t doing this because they see injustice being done, they are doing this because it’s in *their* best interest. + +Just my 2 cents, wtf do I know... anyways + +AMC BABY🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I think not enough houses are built because it would drive the price of houses down. +Therefore homeowners would lose wealth. +Homeowners tend to be older and older people vote more than younger people. +This would cost the government in power at the time to lose votes and potentially be voted out. +Therefore its very expensive for young people to buy homes compared to previous generations. + +Please correct me if I'm wrong. + +Thanks in advance. +I've read a few comments on here suggesting that people take advantage of the temporary early access to superannuation stimulus measure when they're not in need of the money, but just to receive a couple extra grand from their tax return this year. + +I'd like to note a few things to remember: + +1. This is not in the spirit of the law or the Government’s economic response to assist those genuinely in need. +2. Your eligibility is questionable — if you can afford to part with $10,000, or withdraw $10k and subsequently put it all back in are you that hard up? +3. You apply for the release of your super via myGov, but the ATO processes the request — they could refuse it. +4. This is a scheme to which Part IVA (ATO anti avoidance rules) could apply to deny the deduction. + +At the end of the day, we are all going to pay back the massive debt bill that results from this all. Why do we feel the need to add to this amount by trying to use a selfish tax loophole that isn't really guaranteed to work in the first place? + +Edit: For some people who seem to have misunderstood, using the stimulus measure as its intended is not the tax loophole that I'm talking about. You can read more about the loophole that I'm referring to here: +[https://www.news.com.au/finance/money/tax/coronavirus-5000-income-tax-loophole-created-by-the-pandemic/news-story/422761cf175b1773cb074af36d08ebca](https://www.news.com.au/finance/money/tax/coronavirus-5000-income-tax-loophole-created-by-the-pandemic/news-story/422761cf175b1773cb074af36d08ebca) +We’ve seen it twice now where a couple weeks before earnings report the price rocketed to $325-$348 only to be manipulated back down to ~$150. With each time costing SHFs hundreds of millions of dollars in the hopes we would sell. + +We didn’t. + +GameStop was still in the transitional period of establishing new shipment facilities, updating and revamping their website, increasing the variety of what they stock, as well as raising capital. + +In the meantime apes have been buying everything they possibly can from GameStop from games, to recording devices, to fucking LEGO. + +The writing is on the wall. The earnings report is going to absolutely smash expectations and the hedge funds know it. Instead of waiting for the earnings report, they are shorting it before hand in a last ditch effort to get us to sell. + +For the first time next week, we are going to reach a price that has a comma in it. + +See you all on the moon, fam. + +https://i.imgur.com/oAdOdT7.jpg + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit: + +It seems some people are worried/upset that I’m setting apes up for disappointment with providing a date and ultimately causing some to paperhand if I’m wrong. + +So I’ll add that I’m just a fellow ape with absolutely zero wrinkles in my brain. It was never my intention to build up false hope but just to write something that would provide fellow apes with some positive vibes. If the price dips hard after the QE, please don’t be discouraged and absolutely continue to hold. + +MOASS has always been a question of when, not if. + +🦧❤️🚀 +Hello FatFire, I'm in my early 30s and recently been presented with an opportunity and I would like to hear your opinion. I live in a HCOL area and have been recently approached from a friend who works at a startup. + +The startup has recently closed their Series B at $25m with likely more dilution on the way. The company seems to be primed to be successful as there has been a consortion formed around them. The company is now worth $40m post valuation. + +They're around 5 years old now, but have recently found product market fit, so revenue is lacking. It was described to me as a straight burn for the next year. + +They've offered me: +Base: $160k, equity 0.06% (options) + +I currently make: +$250k total compensation + +Would you folks do it? At first glance, the equity portion doesn't seem to be enough for the risk I am taking. But, I'd like to hear what the community thinks. + +Thank you, I'm grateful for your insight. + +Edit 1: Thank you all again for the very insightful responses and helping me navigate this opportunity. +There seems to be a *huge* disconnect between what is actually occurring in the world of short-term trading and what many people here believe is happening. + +To begin with - there are many consistently successful traders that make enough profit year after year to live quite comfortably. And they all rely on some form of technical analysis to do their **jobs**. + +But if you read these forums, just about every post is filled up with comments that claim Technical Analysis doesn't work, or that Day Trading is simply gambling (*seriously, why are those people even on these forums if they think that way).* + +To get one obvious point out of the way - It would be statistically impossible for a large number of people to be *consistently* profitable, year after year, if Day Trading were based primarily on chance. Unless all the traders I know are just supernaturally lucky day in and day out, it takes **skill**. + +Secondly, Technical Analysis not only provides the basis for these traders to do their jobs, they are also the foundation of algorithms used by large institutions. You can be certain if those algorithms weren't profitable, they wouldn't use them. But they are. + +Finally, you can *back-test* almost every pattern or indicator to see it's level of success. + +Every successful trader has their own preference for which metrics they use and how they interpret them, but they all have one thing in common - their analysis gives them an *edge* over whomever takes the other end of their trades. **It isn't luck, it is skill**. Skill that is the result of an immense of amount of hard work. As I have said in the past - being a successful Day Trader is really fucking hard. Only those that treat it as a job and put in the time/effort can be successful. + +But all that doesn't matter because here comes *BrianDead007* commenting that the entire thing is a casino and TA is bullshit. Not only is that an insult to all the hard-working traders out there, but it is very discouraging for people hoping to learn a new skill that could give them financial freedom one day (unfortunately it is very encouraging for those that *want* to treat the market as a casino). + +It doesn't take Freud to figure out who these people are - clearly they tried to trade and lost money, most likely *a lot* of money. Instead of admitting they screwed up and didn't do it correctly, they instead would rather believe that the entire thing is random. Because if *they* can't learn this, *nobody* can. + +Just so everyone is on the same page here - + +There are many successful Day Traders who do this for a living (a *very good* living for most), they all use Technical Analysis in some way, and are consistently profitable year after year. + +Their world of trading is *very* different from the one you see on these forums. They are not rushing in during the first 30 minutes in the morning, they don't get FOMO (or at least they don't *act* on it), they rely on a fine-tuned set of indicators, they have a plan before they enter a trade, and they are constantly going through charts - before and after-hours. + +It is not that some don't grab that huge gap up first thing, it is just that is only a small portion of that they do. Having a career Day Trading and the Day Trading you see on YouTube are not the same thing at all. 90% of what you see on YouTube is meant to try to make Day Trading look easy. Who wouldn't want to grab $XYZ at $3.50 at 9:32am and then exit at $4.75 at 9:57am? But that is all smoke and mirrors....and not *real* Day Trading. Very few Day Traders are consistently successful using only that method. + +The good news? Becoming a successful Day Trader is a **real** and **attainable** goal. + +The bad news? It is not the *Gap and Go* method for an hour and then you're done for the day. +I think from a legal perspective, when the stock pops off big time, any comment or suggestion about trading that RC has made will be heavily scrutinized and used against him. Even though his gag order expires at EOD today, I’m not expecting any communication from him, in fact I think it’d be unwise for him to say anything at all. Just some pre-market thoughts, DRS, HODL, up yours kenny <3 +Hello, + +I've been a long time lurker, but figured I would share what I've been up to for the last few months. + +I've been working on a few different strategies (mainly mean reversion/momentum) with different variables/indicators using tick data. After many many many hours of tweaking, I optimized it further by isolating certain days of week / times of day (down to 30 minute windows) that performed the best on average, and it's now only trading those 'successful' windows. + +I've been running the below strategy (lets call it strategy A) live for the past 1.5 months and so far results match the backtest. Strategy A works extremely well with high volatility, which is why I'm trying to milk it while I can. :) + +It trades in very tight time intervals (average time in market = 13 mins), but is extremely selective about when it takes a trade, so that usually means a few trades per week. This is running on NinjaTrader (I coded it in ninjascript) and is trading 1 ES futures contract at a time. I built in a saftey-net where it halts trading for the day if the unrealized P&L drops below a certain amount, but so far it hasn't hit it. + +I'm working on another strategy that performs much better in various market conditions and is backtesting successfully going back 3+ years, but is even more selective about when it executes trades. Because of this, the trades are even more sparse, but with an increased contract count, it performs quite well. + +EDIT: There's been some confusion about how much capital I'm using. My broker only requires $1k of margin for every ES contract. Since I started live trading (end of june), I've been using $1.5K USD total and I've only been trading 1 ES contract/order. I've added another chart below outlining what the results would look like if you were to trade 30 ES contracts per order instead of 1 (this would require 30K USD + more for buffer in case of drawdown, so 40-50K to be safe). The liquidity pool for ES futures is very deep, so in theory, you could run this strategy at 100+ contracts/order. + +Results: + +&#x200B; + +[Daily P&L](https://preview.redd.it/dh6qffnq6ff51.png?width=1505&format=png&auto=webp&s=654eee2aa6c112edb746e1eea30a4ba6f3e77dbb) + +[Cumulative Net Profit](https://preview.redd.it/2jwaizlm6ff51.png?width=1502&format=png&auto=webp&s=3171ff23d6c101635830a34347720cfea9c05c3f) + +[Strategy Stats](https://preview.redd.it/sipxrjko6ff51.png?width=1506&format=png&auto=webp&s=f7c0f4688bcb7916c0a4f61dce215ab355969f73) + +[Net Profit\/month with 30 contracts\/order](https://preview.redd.it/1im4kfqfykf51.png?width=1505&format=png&auto=webp&s=4177a210d57bcd9aee88657949b483a956f67aea) + +&#x200B; +I'm about to claim a car that we cannot use. I know nothing about owning, driving, or selling a car. We plan too sell it. + +What steps do we need to take? The only person I know who can drive and help us is money hungry, so if like to not involve him, my finances dad. My family lives far away, but could probably ask. + + After that, I pls to use most of that money towards debt and the rest we need. + +Wyatt are your suggestions on steps to take? +https://blogs.imf.org/2021/03/03/the-evidence-is-in-on-negative-interest-rate-policies/ + +https://www.imf.org/en/Publications/Departmental-Papers-Policy-Papers/Issues/2021/03/01/Negative-Interest-Rates-Taking-Stock-of-the-Experience-So-Far-50115 + +Interest rates are low, and “lower for longer” has become something of a mantra among policy makers, regulators, and other market watchers. But negative interest rates raise an entirely new set of questions. + +After eight years of experience with negative interest rate policies, the initial skepticism (paying interest to borrowers rather than savers was certainly unprecedented) has proven largely misplaced. The evidence so far suggests that negative interest policies have worked. + +The evidence so far indicates negative interest rate policies have succeeded in easing financial conditions without raising significant financial stability concerns. + +Since 2012, a number of central banks introduced negative interest rate policies. Central banks in Denmark, euro area, Japan, Sweden, and Switzerland turned to such policies in response to persistently below-target inflation rates (most central banks set rates as part of their broader mandate to keep prices stable, thereby supporting jobs and economic growth). These banks were also responding to a very low “neutral real interest rate”—that is, the real interest rate at which monetary policy is neither contractionary nor expansionary. The move reflected the central banks’ struggle to boost inflation even when they had already pushed interest rates to zero. + +The effects of the COVID-19 crisis, in an environment where many central banks are constrained, have brought back negative interest rate policies to the forefront. + +Overall, these policies have eased financial conditions, and, in the process, likely supported growth and inflation. However, negative rate policies remain politically controversial, partly because they are often misunderstood. + +Unfamiliar territory + +At the time of introduction, many questioned whether negative interest rate policies would work as intended. + +There were concerns about risks, given the untested, and in many ways counterintuitive, nature of the move. Would banks, households, and firms shift massively to cash in response to the new policies, thereby weakening the link between central bank rates and other interest rates? Would banks resist cutting lending rates, or even reduce lending to prevent profits from falling? Would negative interest rate policies provide a meaningful monetary stimulus? + +Concerns about potential side effects of these novel policies also arose. Chief among the concerns were financial stability risks stemming from lowered bank profitability, and fear of disruptions in the functioning of financial markets and money market funds. + +Based on the evidence to date, these fears have largely failed to materialize. Negative interest rate policies have proven their ability to stimulate inflation and output by roughly as much as comparable conventional interest rate cuts or other unconventional monetary policies. For example, some estimate that negative interest rate policies were up to 90 percent as effective as conventional monetary policy. They also led to lower money-market rates, long-term yields, and bank rates. + +Deposit rates for corporate deposits have dropped more than those on retail deposits—because it is costlier for companies than for individuals to switch into cash. Bank lending volumes have generally increased. And since neither banks nor their customers have markedly shifted to cash, interest rates can probably become even more negative before that happens. + +So far, so good + +Any adverse effects on bank profits and financial stability have so far been limited. + +Overall, bank profits have not deteriorated, although banks that rely more on deposit funding—as well as smaller and more specialized banks—have suffered more. Larger banks have increased lending, introduced fees on deposit accounts, and benefited from capital gains. Of course, it is possible that the absence of a significant impact on bank profitability mostly reflects shorter-term effects, which could potentially be reversed over time. And side effects may still arise if policy rates go even more negative. + +Money market funds in countries that have adopted negative interest rate policies have not collapsed. And, even if the existing “low-for-long” environment does create significant financial stability concerns (as it induces a search for yield or excessive risk taking by financial institutions), negative interest rate policies per se do not appear to have compounded the problem. For example, the increase in bank risk-taking does not appear to have been excessive. + +Given this evidence, why haven’t more central banks jumped on board? The reasons are likely related to institutional and other country characteristics. Institutional and legal constraints may play a role, and some financial systems—because of their structure or interconnection with global financial markets—may be more prone to suffer adverse side effects from negative interest rate policies. For example, countries with many small banks that rely more on household deposits as a main source of funding may be more reluctant to adopt negative interest rates. + +Even the adopting central banks have moved tentatively, typically with small interest rate cuts because of the risk that negative side effects become more apparent if the negative rate policy lasts for very long, or if rates go very negative. + +In sum, the evidence so far indicates negative interest rate policies have succeeded in easing financial conditions without raising significant financial stability concerns. Thus, central banks that adopted negative rates may be able to cut them further. And those non-adopting central banks should not rule out adding a similar policy to their toolkit—even if they may be unlikely to use it. + +Ultimately, given the low level of the neutral real interest rate, many central banks may be forced to consider negative interest rate policies sooner or later. +It was June 21, 2019, the first day of summer, when I first broke the $500k resistance, and I was on track to $600k within a 1-year timeframe before the pandemic hit. Regardless, I checked my balance after close today, and was grinning from ear to ear. + +Oh, I know it will likely dip below that a bunch of times before it firmly settles above this threshold, but I’m patient and diligent with always contributing the maximum to my 401k each year, and my company has a generous 4 1/2% match + a 3% enhanced contribution when they sunsetted the defined benefit plan 10-years ago. + +Now my goal is to see if I can hit $700k in less than 400-days. VEIRX, VIEIX, VSMAX, VINIX, VWUAX are the funds in my 401k. + +I just want to encourage everyone who strives for financial independence to stay the course, be patient, sacrifice wants vs. needs when you can, and contribute as much as possible towards your retirement funds. + +Good luck and happy investing! +Hello all - second attempt at this post with slightly more detail to hopefully provide additional context and guide the discussion. + +Mid 30s and getting to the point of settling down with more space and slower pace than NYC. Current take home pay is ~$800k per year and growing. That’s excluding my spouses income, any equity plans, or carry. We also have a small beach condo for winter months we own, although we know once kids are in school that will be used less and less as school routines become the priority. + +For reasons I won’t get into, we need to stay in the NY/NJ area, and have been researching the best neighborhoods outside of the city. + +We conservatively estimate our NW when we do choose to move out to be ~$10m, and continuing to grow over the next ten to fifteen years. While we’re not set on buying a sprawling Hamptons estate, there are plenty of solid homes in all of the neighborhoods listed below. So for the sake of this discussion, I’m less interested about neighborhood price, and more interested in hearing about the groups experiences and thoughts about living in each area (pros, cons, etc) + +Firstly: +Westchester vs. Long Island vs. Jersey + +And then if possible, any additional and more granular insights into specific neighbors in each. + +Westchester: +Bronxville, Rye, Tarrytown, etc. + +Long Island: +Manhasset, Garden City, Port Washington, Cold Spring Habor, etc. + +Jersey: +Summit, Tenafly, Shorthills, etc. + +Understand everyone values different aspects of each, but ours would be: ease of daily commute to the city, public schools, access to nature, restaurants / bars, and to a lesser extent walkability (although somewhat the antithesis of the burbs). + +Apologies for the open ended nature of the question but that’s partially intentional to potentially capture responses we haven’t even thought of yet! + +Disclaimer** I’m not trying to ask random internet strangers where to live. I’m trying to ask random internet strangers for first hand experiences in a part of the world I’m largely only familiar with through research. + +Much appreciated to everyone for any guidance / thoughts. Or even just experiences you’ve had in these places. + +Thanks! +[SOLVED] Did not know about grandfathering rules. Pre 2018 gains aren’t taxed but post 2018 ARE. Thank you everyone. + +I have about 5L in a regular tax saving ELSS fund invested pre-2018. + +Now I don’t intend to withdraw it till I need to, so maybe 10-15 years? As my corpus increases and I keep putting 1.5L per year into this ELSS, my capital gains become significant that I can only keep withdrawing every year and redepositing till it starts to cross 1 lakh per year. + +So considering 8% return every year, in order to limit myself to amount to 1 lac of cap gains which are tax free, my Max invested corpus (principal) has to be no more than 12.5L which over the years will inevitably cross that. + +Now the main question, I discovered any ELSS pre2018 invested no matter how large has no taxable gains. So my 5L which can become 10-15 lac over the next 10 years will be completely tax free gains. No LTCG tax. + +But they’re in a reg fund. So do I withdraw it to go from paying 1.58 to 0.74% TER and save, let’s say, 4K-14k over the course of 10 years = 1 lac ( calculated mean and sum), reinvest it in the same place, and risk having to add them to my taxable amount with 10 lac LTCG (5L becomes 15L over 10 yrs hypothetically) and pay 10% on it = 1 lac again, but since I’ll be withdrawing 1 L every year, maybe I’ll only end up paying 90K in tax on that amount. So I’ll roughly end up saving 10k or thereabouts + +OR + +let it stay as is, pay the extra 1 lac in TER and collect LTCG free amount in 10 years + +OR + +Instead of putting new money in ELSS every year, I just switch the 5L over the course of 3 years into the ELSS of that financial year to get my 80C deduction and put the new money in better equity investments with higher returns. +WHEN INSTITUTIONAL FIRMS MESS UP, THEY TRY TO REGULATE RETAIL! WE NEED TO VOCALLY OPPOSE THIS! + +In the hearing today, many lawmakers (French Hill 🖕) grilled the witnesses about retail investors having more regulations to prevent things like the GME short squeeze. + +We don’t need regulations to protect us from ourselves. I’m sure we’ll all find a way to screw everything up anyways. What we need to safely trade/invest is market TRANSPARENCY. + +If Robinhood and the clearing firms had any fking transparency it would’ve been obvious that they were going to screw us over. + +It is clear now that the entire market structure RELIES on retail investors getting our backs blown out. When we notice an opportunity like GME (which is rare because we don’t have access to any fking data), their whole system falls apart. + +WE NEED TO RALLY FOR TRANSPARENCY / DATA THAT ISN’T EQUIVALENT TO A SECOND MORTGAGE + +REGULATE THE AHOLES WHO CAN AFFORD 140% SHORT INTEREST, NOT US +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. + +*** + +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! +Not sure if this would be the right sub. Mods are welcome to take it down if it doesn't follow the rules. + +Hey guys, + +I am currently in a situation where my due amount for credit cards and personal loans have gone beyond 10lacs and whatever income I get every month, guess directly into paying off the dues for these where I'm hardly left with a few hundreds for the rest of the month. It's getting very stressful now and I'm losing my mind everyday thinking about the financial mistake that I have made and what to do to get out of it. + +Came across some debt settlement companies like freed, singledebt etc. I have spoken to their agents and do understand the cons on how it will hit my cibil score. + +The thing is I have to start defaulting on my payments for 3 months before they can start settlement discussions. I have not yet defaulted with any payment yet but the stress of 99% of my monthly income going to settle dues is eating me inside. So thinking of taking their services as it will help me save 60% of my income as the 40% they would take as emi to settle my outstanding. + +Has anyone taken such debt settlement services before please do advise me. I'm hesitant on mainly two things 1. Legitimacy and quality of services provided them 2. The harassment I'll start facing from debt collectors after defaulting (They did say they'll legally help me in every way here as well with their team of lawyers and paralegals) + +Please help. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’m so unhappy with my decision that it’s haunted me every day for 6 months. I don’t know what to do. I feel like an idiot for going with something I was unsure of and now I’m stuck with the choice I made. I’m in the Austin, Texas area but bought about 18 miles outside the city. I thought I could live with the commute but I feel like it’s holding me back from fulfilling some of my personal goals. Any tips on selling vs renting? + +Edit: thank you for all of the advice in the comments. It’s much appreciated. +Nexus real estate investment trust. + +Just recently purchased a lot of shares on this stock. Very high dividend yield with a good payout ratio. PE ratio is much lower than sector averages, has a healthy margin, free cash flow and other positive numbers. Majority of its properties are industrial and a few as retail and offices. I’ve also set up this to receive all my dividends as DRIPs. + +Has anyone else bought shares of this? Any thoughts about it? +Throwaway account (I've posted here before but have chatted with people using my real name). + +I'm looking for financial resource that is geared towards "fatfire" couples on how they approach spending money if their spouse disagrees. We've discussed with our therapist to no avail. + +We do everything we want within reason - kids and their school being the limiting factor. We do set goals/wants and focus on achieving them. My wife is extremely frugal - she's a giant Nordstrom rack, Marshals, TJ Maxx fan. We don't waste food. It's a product of her upbringing and I LOVE it... but only sometimes. + +About every 6-months she'll take a deep dive into our credit cards and it almost always turns into a pretty large fight. She gets angry when I spend money on things she doesn't feel are important or maybe excessive. An example would be the amount of money I spend on golf. It's less than .5% of my yearly take home (non-investment income) but I'm a high earner so out of context it's kind of a big number (+50K a year). She hates that I valet the car or that I buy expensive wine at dinner. In total it's not meaningful IMO but to her it is. + +I could play less expensive golf but I like the courses I play. (I'm on the waiting list at two clubs). I could drink less expensive wine but I love wine. I'd probably have the same amount of fun and enjoyment but it's my splurge and I enjoy doing it. + +I've tried explaining to her in percentages, literally made graphs of what we do versus most people. We save more than 50% of my take home each year. At the end of the day we get into week long arguments because of how I choose to spend less than 1% of my income and it drives me nuts. + +In fairness, when I was single I was nuts with money, thats when we met. Spent money on moronic shit but it was my money at the time. Lesson learned but she remembers that and I think it concerns her. + +And good resources? +*^This ^is ^a ^repost ^of ^a ^round ^up ^I ^did ^this ^morning ^that ^people ^found ^helpful. ^In ^an ^abundance ^of ^trying ^to ^be ^fair ^I ^linked ^to ^Fidelity's ^apology-not-an-apology ^post ^on ^their ^subreddit, ^but ^that ^triggered ^the ^anti-brigading ^bot ^and ^the ^post ^got ^nuked. ^Here ^it ^is ^again ^with ^the ^offending ^links ^taken ^out.* + +Work was light this morning so I followed this story closely. + +Fidelity started the day with a "fun" Halloween post on their LinkedIn page, showing different types of traders costumes in the cheap Spirit Halloween style. One of them was "Meme Stock Guy", a messy basement dwelling loser type with gamer headphones, a bag of popcorn spilled all over the floor, and most importantly, a phone with a purple circle. + +https://imgur.com/a/Dg3QlSC + +User u/thequickfix123 caught the post early and posted it here on the stonk. Apes couldn't believe it wasn't photoshopped, but nope, they really did it. Only 1 stock in the world is connected to the purple circle, 1 out of 7000 stocks on exchanges. Very interesting that Fidelity, a conglomerate with 4.5 trillion AUM decided this was a good thing to spend marketing time on. + +In addition, the other "costumes" in the post weren't even really costumes, just unfunny, nondescript, meaningless things like a guy in a fleece vest who's an active trader, a girl in a tracksuit and bucket hat who's a Gen-Z trader, a lady in a green suit who's a "tech investor". The whole post seemed padded out to get to the one punchline of making the meme stock investor look like a neckbeard loser. + +Edit* This post was able to capture all the costumes to show you what I mean. Edit 2* Nope! The post got deleted. Why? + +https://www.reddit.com/gallery/ye6g4e + +Soon enough, people started to pile into the LinkedIn comments, offering well-written counterpoints and objections to the depiction of meme-stocks and meme-stock investors. Over 100 comments were posted last time I checked, and far from being basement dwellers, they were from CEOs, business owners, vice-presidents, senior engineers, and so on. + +Here's just a sample I was able to screengrab before Fidelity deleted the post. + +https://imgur.com/a/KMWg0Ee + +After 6 hours of taking a drubbing in comment after comment, Fidelity pulled the post, and with it all that good content about the usefulness of DRS and the shady practices of brokerages. This is the true loss of this story. That post could have done a lot to educate people about what's really going on with GME, but it's all gone with the deletion of the content. I don't expect Fidelity to issue any statements or apologies, they just want us to forget it ever happened. + +That's why I wrote this. To not let it be forgotten so easily! + + +*My takeaways from this costume kerfuffle:* + +1. Fidelity is well aware of the DRS movement and what we get up to here. Only this and our sister GME subs post purple circles. That phone was a direct dig at 200,000 particular people in the world. + +2. The costume wasn't done in good humor or a sense of gentle ribbing. It felt aggressive. If this is what they're willing to say about their customers in public PR posts, imagine what they say and think of us behind closed doors. + +3. I'm not comfortable holding shares in Fidelity anymore and will be selling or moving the other assets I hold there over the next few weeks. +As a child for 12 years I was forced to recite and chant every single morning in school about liberty and justice for all. You can’t force a generation to chant this mantra every morning of their developmental lives then expect them to just forget about it. I realized “liberty and justice for all” was bullshit in 2008, and since then I’ve been shown nothing but more and more reasons it’s bullshit. Every single homeless veteran I see, every single cancer patient who passes away earlier than they needed to because you all short every single startup that has the potential to threaten big pharma into bankruptcy for tax free profits, every single diabetic having to choose between rent or insulin pisses me (and millions upon millions of honest hardworking Americans) off more and more every single day. + +Don’t think for a single fucking second that we don’t see you. Don’t think for a second we don’t know the harm you’ve inflicted upon millions. We know what you’ve done. We the people, are fucking fed up. Fed up with the liberty and justice for only the rich and corrupt. Fed up with “the rules for thee, not for me.” Fed up with paying our fair share of taxes as we can barely afford to keep the lights on and food on the table as y’all pay less taxes than us on ludicrous gains that enable you to buy your tenth summer mansion/yacht/private jet/seven figure car/art collection/historical artifacts/whatever pointless shit your insatiable endless fucking greed directs you to buy. + +We’re fed up with you all somehow wanting even MORE when not even your great great great great great grandchildren, let alone you, will be able to spend in their entire lifetime what you leave behind when you go to the same place all of us will end up when we leave this mortal coil behind. To me the floor isn’t about the money. The new floor to me (and hopefully the rest of the holders) isn’t $80M per share. It’s $80M per share, and accountability, and liberty and justice for ALL. I will hold until I see multiple high net worth individuals sentenced to life in prison. Until I can afford to house every single goddamn homeless veteran in the country, pay for every single cancer patients medical bills, pay for every single diabetics insulin, pay for every single college students tuition, make all my friends and family rich beyond their wildest dreams and still be rich beyond my wildest dreams afterwards. + +Why? Because you’re all that rich and refuse to put it to ANY use or do ANYTHING positive with it besides jerking yourselves off. Because the ONLY reason y’all are that insanely wealthy to begin with is that counterfeiting shares isn’t considered the same as counterfeiting currency when it damn well should be considered the same exact thing. I don’t hold just for life changing money. I hold for justice and accountability. If it were up to me, you’d all be found guilty of crimes against humanity and hung or guillotined publicly in the streets. You’re probably laughing as you read this, but to that I say, keep laughing. But one day we will be in charge. And when that day comes. You’re all gonna get fucked up. #nocellnosell + +EDITED: for paragraphs, sorry y’all I’m a bit tipsy and passionate + +EDIT: Wow! Never expected my drunken ramble to receive this much love! Thank you all for the support! The only revision I’d like to make as a few have pointed out, I’d like to clarify or point out that I’m not advocating or calling for violence against anyone, just stated what I would consider fair if I were a judge sentencing them. However, now that I think about it I think the worst punishment to them would be seizing every last cent of their ill gotten gains and every possession they’ve purchased with them, sending them to prison for a few decades and letting them go free by the time they’re geriatrics so they can understand how it feels not only to have to navigate our job market, but to be 80 years old unable to retire needing to work 50 hour weeks just to able to keep their shitty health insurance and a roof over their head with barely enough left over for food. Honestly I think they’d prefer the former. These elites would rather die than have to live like us. Anyways thank you all again so much for all the love and support! I’m so happy to see this sentiment is shared among the apes! Keep buying keep DRS’ing and keep hodling apes! Their first and last mistake was thinking we’re only still here after all these months only for the money! We will win and be the change we want to see in the world! +I have multiple bank accounts for various purposes, and the total value is now over £85K. These bank accounts are all with the same provider. + +Do I need to worry about this (£85K is the compensation limit for one provider) or realistically is it fairly safe to keep it in one place? + +Let's assume the provider is a big name like HSBC, Santander, NatWest, Barclays. + +Edit: I have decided to at the very least have an account with another provider mainly to avoid any risk of being frozen out of access to my money. Spreading across two providers is a secondary benefit. + +Thanks for all the answers, super helpful as always. +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! + +While I know this isn’t the solution for everyone, but there is a severe shortage of mariners right now. + +The entry level guys where I work make $200-$400 per day. Typically you will work a rotation that give you a good amount of time off, (My rotation is even time, meaning I get six months off per year). Generally the benefits are pretty good, more importantly the healthcare is pretty solid. + +There is unlimited room for advancement, and many many options as far as what you want to do. Some ships stay local, some go around the world. + +Many of the folks I work with have families, and it works for them. It can be hard work, and you’ll have to be able to pass a drug test, but it can be a viable option. + +I would be happy to answer as many questions as I can, or at least point you in the right direction. +I've seen some sound advice about driving used cars in the $2-3K price range. One reason I've heard that people lease or buy new cars under warranty is that they will never have to worry about repairs. + +One other way to "never have to worry about repairs" is to save $100-200 per month and put it into a savings account earmarked for repairs. A savings account for repairs will take away all of the negative feelings associated with unexpected repairs. Your account is also likely to accumulate money over time that can be used for your next car purchase (if your first car was $2000 your second in a few years may be $5000). + +You can actually drive a bit nicer cars, too. I had a $7000 Honda Civic for about 5 years and after depreciation and repairs it cost me on average less than $40/month. It was a car I liked a lot and when something did break, I actually felt good about spending the money to make the repair because that was what the money was for. +Well, after a bit of confusion about the timing of the competition, the CHARITY BETS COMPETITION supporting Foodbank has a finally come to a close! I'll be honest, I was a bit concerned there for a while that DLC was going to come out on top for the week! + +Anyway... + +**The results:** + +**$3,485 confirmed donations so far, with $350 still to be paid!** + +Edited to add: I tried to be smart and use a google formula to pull through the prices, but it only went to 2 decimal places, so the results were originally incorrect and have now been updated. All the data I've used is in the tracking sheet, so please let me know if I've stuffed anything up (again)! + +First place, with a gain of 15.6% goes to u/thatsaknifenot \- you don't actually get a prize, but I will be donating $100 to Foodbank on your behalf, so please let me know if you have a preferred state for the donation, otherwise it will go to Foodbank Victoria. + +The joint wooden spoon award for biggest loss of -12.6% goes to u/Calm_Lengths and u/aj3806, both with VML. I'll donate $10 each in your names to Foodbank Victoria. + +38% of you neurodiverse indivuduals managed to beat the market, although only 21% actually managed to produce a gain over the week. The donated total once everyone pays up will be over $3,500! + +The punters for the remaining 62% of bets that lost (including myself) need to pay up in the next week or face the consequences. The losers: + +u/philfy + +u/AccomplishedDark5947 + +u/spaniel_rage + +u/HeckingLoveDogs + +u/becify + +u/billionstonk + +u/*ft* + +u/username129673818573 + +u/Suchisthe007life + +u/EvilShogun + +u/BOUND_TESTICLE + +u/Ruskiwasthebest1975 + +u/biggo204 + +u/Android_Aerobics + +u/woodenlife + +u/garm302 + +u/therealeddiek + +u/MooCowLevel + +u/LegitimateStorm1135 + +u/Rosencrantz1710 + +u/B3lack + +u/isthatthetime81 + +u/somemadkid + +u/karnn_ + +u/The_Polite_Debater + +u/Mysterious-Ball-6640 + +u/User-Astronaught6720 + +u/Starchivoress + +u/Calm_Lengths + +u/aj3806 + +The full results can be viewed at the following link: [https://docs.google.com/spreadsheets/d/174Bu7D\_XTfc4JwMEC9kbTj9OgYkcFuEBHdV2R77aUBc/](https://docs.google.com/spreadsheets/d/174Bu7D_XTfc4JwMEC9kbTj9OgYkcFuEBHdV2R77aUBc/edit?usp=sharing) + +&#x200B; + +**Donations/Proof:** + +* Evidence of your donation must be commented/linked to. This to be the Foodbank tax invoice/donation receipt which must show some reference to your reddit username. Other identifying info can be blacked out. **I RECOMMEND ENTERING YOUR USERNAME IN THE FIRST NAME SECTION** to ensure it appears on the tax invoice. E.g. First Name: u/becify from r/ASX_Bets, Last Name: Jane Smith. I tried putting reddit details in the company name, which weirdly did not show up on the tax invoice. +* If sufficient evidence of donation has not been provided by midnight AEST Saturday 18th of September, the mods will come after you with pitchforks and ban you for one month beginning Friday 24th of September + +&#x200B; + +Links to my receipts: + +My own bet - [https://imgur.com/a/5eoeOm2](https://imgur.com/a/5eoeOm2) + +Prize donations - [https://imgur.com/a/11cJnxP](https://imgur.com/a/11cJnxP) +Gather around retards for my first DD. I have something here with tons of potential for those willing to bet on it early! + +**Parkway Minerals (ASX:PWN)** + +Share price: 2.1c + +Shares outstanding: 2.44B + +Market Cap: $51.30M + +**Overview:** +-PWN is addressing the issue of wastewater from industrial processes in mining, energy and wastewater industries +-Through their proprietary technologies, PWN is able to not only process and reduce wastewater from these industries, saving them 💰 in dumping fees, but turn them into high value products that can be sold for extra 💰🍗 +-PWN will make money through upfront licensing, ongoing royalties and for services they provide +-Long term goals are to provide tech and support for wastewater processing plants (not owned by PWN) and to generate free flow cash for payment of dividends 🍗🍗🍗 + +**Recent Achievements:** +-Advanced aMES™️ technology +-Acquired iBC™️ technology +-Commissioned aMES™️ pilot plant +-Global Strategic Cooperation Agreement with Worley +-Tested iBC™️ technology with coal seam gas (CSG) industry client to find net benefit to client almost order of magnitude higher than estimated (more on this later) + +**How does it work:** +1. Take waste brine stream +2. Process brine with proprietary brine processing tech including aMES™️ and/or iBC™️ +3. Recover very pure fresh water, thereby reducing waste volume +4. Produce range of high-purity products including potash, lithium, nickel, cobalt, copper & salts +5. 🚀🚀🚀 + +In the December 2020 quarterly announcement, PWN was able to announce that the application of their iBC technology, when tested with a real world CSG client, was able to provide a net annual benefit greater than $40M. Almost an order of magnitude greater than the predicted benefit of $4-5M per annum. The preliminary findings indicated a wastewater reduction of >90% was achievable when combined with their aMES technology, potentially providing a zero-liquid discharge (ZLD) solution to the client. It was with the clients' data on waste water disposal costs that the predicted net benefit came out to be much higher than initially estimated. + +**All Cashed Up** 💰💰💰 +PWN's current cash balance +💰 $2.4M sale of strategic investment in ASX:DAV +💰 $5.25M completed CR +💰 $235k R&D tax incentive rebate +💰 $2.6M cash on hand +💰💰💰Total ~$10M 💰💰💰 + +**My Position** 🙋 +I have been invested in PWN for a few months now. The potential and scalability of this company attracted me as well as the ongoing onslaught of new legislation around the world to look after our environment. PWN is a way to profit and save the environment in one ♻️💰 Since jumping on I have accumulated 1.2M shares. I'm not a big fish so it represents a significant % of total my portfolio. +The recent news about the benefit PWN's tech can provide sounds like a fairytale, and I don't doubt that it will be a different number depending on the client, location, facility, and a whole host of other factors. It almost sounds too good to be true. And that's likely why we are still waiting on the first deal to be signed. Rome wasn't built in a day. CEO Bahay and the team are doing everything they can to land that first fish, just hold onto your butts and watch. + +**Rocket Outlook?** 🚀 +1H2021 - 1st signed deal: 3-5x 🚀 +2H2021 - more deals to follow 5-10x 🚀🚀 +2023 - divvies??? + +This is my first DD, obviously not **Financial Advice**... DYOR. +I can barely read the announcements so take from this postwhat you will. +I'm just grabbing this ticket to the moon before the first deal launches us into the stratosphere. Catch you retards on Pluto 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +STOP + +Just stop. Calm the fuck down. Yes... It's happening. Finally right? This is your one chance that you need to get right and it's finally here. But it's okay because you've already done everything you needed to do in your life to maximize your focus and minimize any distractions on the GME MOASS. All you're focusing on now is YOUR floor and YOUR exit strategy. This is only possible because... + +You've already: + +Properly transferred your GME shares to a proper broker (with cash only) who won't fuck you over and will honor your decision on when and what to buy or sell any of your assets. Get that peace of mind secured and stick with a solid broker. + +Taken care of your work situation. Don't quit your job. FOCUS. You have to prepare for the possibility that it's very plausible that we may wait another several months before GME pops. Don't set yourself for failure because you're already checked out. Stop daydreaming about the house or car you'll buy and get your work done. Stay on top of that shit so you have your steady flow of income to support your daily needs. Prioritize your daily and monthly bills and budget your money to ensure you can allow yourself to take care of short term emergencies. Any extra money you have left can be comfortably used to buy some GME. As difficult as it may be (believe me I know), save the daydreaming for the weekends. Get your finances in order and snap out of it. SNAP. OUT. OF. IT. Okay? Good. + +Taken care your your health. Eat right and get some decent sleep. Drink some fucking water you soda drinking degenerates! Be at your best physical and mental condition so you can properly be at your peak when encountering the MOASS. Be physically active when you can during your busy day and REST. Yes... Sleep. Go to bed and strengthen your mind and recover your body. A healthy mind and body will maximize your decision making for the MOASS. In reality, true wealth is good health. It'll be really nice to have good health with all MOASS money. + +Identified who your true friends and close family are. You might already be encountering toxic people in your life. Those people might already know about your positions in GME. There may be a real possibility that you may need to cut some close friends and family out of your life because of the life changing money you will earn. You know your situation best... Be prepared for the worst and have a plan to diplomatically distance yourself from those people until the dust settles and your MOASS money is under control. Recognize what being used looks like and try not to put yourself in that situation. Hopefully all of your friends and family will be your best supporters, but the reality is, people sometimes change with big money. Please do some meditating on this and allow yourself to be surrounded by good people. This should be done regardless of whether you have MOASS money or not. + +END + +Obviously the MOASS hasn't happened yet. But I thought it was important to run a mental exercise with everyone here to get your mind thinking about the bigger picture. Please take care of business and put yourself in the best possible situation to deal with the MOASS. Good luck everyone. + +Buy and HODL. Not financial advice, do what you want +**TL;DR - The S&P 500 is selected based on a historically corrupt committee, that change the rules as and when they please. GameStop will only be added if it furthers their cause. Why will we still MOASS? Well cause hedgies r fuk and haven't closed their shorts.** + +&#x200B; + +*Don't ya just love it when the TL;DR is at the top?* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + + +*Hello. This is* [u/justbeingpunny](https://www.reddit.com/u/justbeingpunny/). *You may remember me from DDs such as...* + +ah never mind, I just wanted to use the gag lmao. + +&#x200B; + +https://preview.redd.it/mylrdnpo6xk71.png?width=640&format=png&auto=webp&s=6cad5c17da8d205bf107db9ed36a9af9efc80db9 + +&#x200B; + +All you people talking bout the big league. The S&P500. Like they have a set of rules which allows us to just go dick swinging/c\*ntflapping our way in with the big boys and girls. + +I'd like to provide some wrinkle-istory on just why it might not be that easy. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The S&P 500 + +&#x200B; + +The big index. In fact one of the biggest indexes in the world, tracking 500 companies which are aimed to benchmark the US economy. (lmayo sure) + +&#x200B; + +or as they put it.... + +&#x200B; + +>*S&P Dow Jones Indices identifies important industries within the U.S. equity market, approximates the relative weight of these industries in terms of market capitalization, and then allocates a representative sample of stocks within each industry to the S&P 500.* + +&#x200B; + +Sounds pretty... + +*\*forward rolls in\** + +***standard...*** + +&#x200B; + +However, this isn't like the Russell indexes. They have a set of rules and requirements in order to transfer in and out of the indexes. The S&P 500? They have an anonymous committee which decide who go in and out. + +**AN ANONYMOUS GROUP OF INDIVIDUALS DECIDING WHAT COMPANIES ARE ADDED OR REMOVED FROM ONE OF THE MOST INFLUENTIAL STOCK MARKET INDEXES.** + +**WHATEVER THE FUCK COULD GO WRONG WITH THAT?** + +&#x200B; + +Do they have a set of rules? Well yeah, there's some requirements. + +&#x200B; + +Committee members have a few rules they follow when deciding to make changes in the S&P 500. Companies being added to the index must be highly liquid U.S. firms with a market capitalization of at least $13.1 billion, for instance. **Moreover, the committee has leeway in deciding on changes.** + +&#x200B; + +https://preview.redd.it/891tey3u6xk71.png?width=732&format=png&auto=webp&s=61d19851a90f85bed960254a1c1fd47de497cc27 + +# NOT SUPRISED ONE BIT + +# + +# What else could there possibly be? + +Pls read. Is rather funny. + +&#x200B; + +https://preview.redd.it/255ahztz6xk71.png?width=809&format=png&auto=webp&s=fb028dfd13bf5b367514f5a2da44159f90a565aa + + + +**So you mean to tell me that they can change the rules anytime they please in order to 'protect the market'.** + +&#x200B; + +How many times have these people acted in the interests to protect the market? I said in one of my previous DD's, Naked short selling was invented in order to protect investors from Pump and dumps. Look how that worked out. + +These people clearly know what to do in order to maintain and prop up the house of cards should individual companies fail to meet the rules. This clearly stops and prevents other up and coming companies from taking their rightful place. + +I can't see why this wouldn't be the case again. Who's to say the rules don't all of a sudden change due to market conditions. + +&#x200B; + +Why will we MOASS? + +*Because we were always going to.* +$ULTRA has been record breaking since launch and is FULLY RUGPROOF. + +As a fully rug-proof token, Ultrasafe has all liquidity locked for 79 years, contract ownership renounced, and an official audit completed by Solidity and Certik. We are officially SAFER THAN SAFEMOON.[https://www.certik.org/projects/ultrasafe](https://www.certik.org/projects/ultrasafe) + +&#x200B; + +[https://solidity.finance/audits/UltraSafe/](https://solidity.finance/audits/UltraSafe/) + +Our dev's are also DOXXED and have done two AMA's so far. + +[https://www.youtube.com/watch?v=FcyQYBk4wU4](https://www.youtube.com/watch?v=FcyQYBk4wU4) + +&#x200B; + +Ultrasafe's tokenomics allow for 4% of every transaction to be distributed to the liquidity pool and 4% to be reflected among holders. Whale wallets are also extremely small compared to any other token. + +&#x200B; + +This coin has only been out for two weeks and it's already achieved numerous things, including:- Listed on a Centralized Exchange (LBank)- Broken multiple world records on BSC and has already gained over 30k+ dedicated holders- Listed on Coingecko on day 1- 2 Audits which show that the coin is safer than even Safemoon- Devs doxxed themselves and showed faces during an AMA (unlike some of the coins promoted here that just rugged) + +Ultrasafe's growth has been record breaking and we're already on our first exchange. CMC listing should be any day now and more and more CEX listings to come. We're at 33,500 holders in two weeks time. The community is the single best part of this coin, the telegram has 10k members and usually 2-3k active at any given time, the voice chat is ALWAYS ACTIVE and extremely helpful and responsive. No other coin has dedicated holders and a strong thriving community than we do. + +&#x200B; + +The team has so far consistently delivered and we're already listed on one exchange. More to come, mass marketing in progress of being rolled out, NYC billboard, etc. + +Upcoming we have: + +Website v3 + +CMC Listing + +Huge tiktokers and other influencers this week, one of them this weekend. + +50k marketing campaign next week, most of which the dev is paying out of pocket + +LLC also be done next week allowing for more major CEX's + +staking dApp is done but needs more work + + Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) Website: [https://ultrasafe.finance/](https://ultrasafe.finance/) Twitter: [https://twitter.com/UltraSafeBSC](https://twitter.com/UltraSafeBSC) Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a) +You can now send directly ETH to the models if you like their tits. + +https://medium.com/spankchain/introducing-cryptotitties-2d0b2df1fca5 +https://www.cryptotitties.com/ + +Excuse the rant... however over the past several days I’ve seen multiple posts regarding is this particular stock a buy, or what sector should I invest in. DAYTRADING IS NOT INVESTING! We scan and monitor volatility for quick gains in a matter of minutes or at most maybe 3-4 hours. We do not HOLD positions, we do not gamble, we get in and out. PLEEEEASE stop with the investing posts in this subs! +After reading this: + +[https://www.reddit.com/r/Superstonk/comments/p8o9bg/the\_sec\_do\_not\_want\_the\_moass\_to\_happen\_ryan/](https://www.reddit.com/r/Superstonk/comments/p8o9bg/the_sec_do_not_want_the_moass_to_happen_ryan/) + +Thought I'd do a little bit of digging into CMKM and what is going on. + +&#x200B; + +**Why compare them?** + +There's a LOT of similarities between the hedge funds' tactics used back then and now. And by similarities I mean it's FUCKING IDENTICAL. Really. Remember the estimations of the absurd number of shares that might be existing? Compared to the 2.35 FUCKING TRILLION shares from CMKM that's still a way to go. + +Oh and do you know the damages they had to pay? + +[https://steemit.com/news/@sadcorp/the-s-e-cs-3-87-trillion-dollar-lawsuit-cmkm-diamonds-inc-761e67945b1d](https://steemit.com/news/@sadcorp/the-s-e-cs-3-87-trillion-dollar-lawsuit-cmkm-diamonds-inc-761e67945b1d) + +*There is currently a $47 trillion Lien in operation against the US Treasury and the US Federal Reserve Board.* + +Yes, you read that right. It's 47 T TO THE FUCKING RILLION. + +(if the link doesn't work, try the google cached version.) + +&#x200B; + +**What's different?** + +CMKM was basically a shell company, trading as a penny stock. It got to a point where SEC used it to catch the perpetrators at the expense of the investors. The company ended up bankrupt after a while and no real public interest or knowledge was shown. Almost 0 public pressure, plus the SEC head at that time seems to have been involved in a way. Also, CMKM's board was a bit shady too. + +GME will not go bankrupt. The public pressure and awareness is insane. While I don't trust GG or the SEC until they do something, THEY HAVE PUBLICALLY acknowledged the fuckery in GME (in some way or another, but the important thing is that they did it). GME's board and leaders are certified, verified wrinkles who have a history of HIGH success in ALL their fields. + +The shorts can only win if GME goes bankrupt. That's it. And this is an impossibility. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +[https://spiramus.com/naked-short-and-greedy?fbclid=IwAR2C9aTFgbyLYzfUzWtV9XXryJUrNeY1oMAGyybxFM5citd9QRpr2DJ\_62A](https://spiramus.com/naked-short-and-greedy?fbclid=IwAR2C9aTFgbyLYzfUzWtV9XXryJUrNeY1oMAGyybxFM5citd9QRpr2DJ_62A) + +The FOIA document from 2011 from the SEC, related to the case: + +[https://www.sec.gov/foia/docs/votes/2011-11.pdf](https://www.sec.gov/foia/docs/votes/2011-11.pdf) + +244 pages to it's gonna take a bit to skim through it + +&#x200B; + +There's quite more: + +The Second Superseding Indictment + +[https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/cmkm\_second%20\_superseding\_indictment.pdf](https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/cmkm_second%20_superseding_indictment.pdf) + +Can't copy paste because it's an old pdf, but to HIGHLIGHT a few stuff: + +*"The majority of the hundreds of bilions of registered shares were distributed in hundreds of stock certiticates without restrictive legends to the conspirators and 11 nominees, associates, alter-egos and straw-chasers. By routing the unregistered shares through one or more nominees, the conspirators disguised the nature of the transactions, the affiliations of the purported purchasers, and invoked Rulel44 and Regulation D to fraudulently claim exemptions from registration".* + +And that is just IN THE FIRST PAGES. It goes on. + +&#x200B; + +Below is the First Superseding Indictment + +[https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/CMKM%20Superseding%20Indictment.pdf](https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/CMKM%20Superseding%20Indictment.pdf) + +&#x200B; + +And Press release: + +[https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/CMKM%20Indictment%20News%20Release.pdf](https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/CMKM%20Indictment%20News%20Release.pdf) + +&#x200B; + +&#x200B; + +And another FOIA document WITH the people involved: + +[https://www.governmentattic.org/4docs/SEC-FOIA-Logs\_2008-2011.pdf](https://www.governmentattic.org/4docs/SEC-FOIA-Logs_2008-2011.pdf) + +And who do we have here? A familiar name indeed: + +[Kenneth \\"Kennyboy\\" Griffin](https://preview.redd.it/61518yfhkpi71.png?width=1018&format=png&auto=webp&s=98db27728cbf18faad97cb65211f4c2d34e72f86) + +But wait, there's more: + +[Steven \\"Stevie Hard Game\\" Cohen](https://preview.redd.it/7g0dro4nkpi71.png?width=1018&format=png&auto=webp&s=c70d1050911d3ce28048472ebc727647002e75ed) + +I am not sure HOW or IF they are/were involved or what the fuck happened. But, isn't it a bit too much of a coincidence for them to be involved in the same fuckery they pull now? And TOGETHER? + +&#x200B; + +&#x200B; + +&#x200B; + +It started back in 2007. Now, 14 years later, it's still in court. Here seems to be a recent update to it: + +[https://www.justice.gov/usao-nv/victim-witness-assistance/us-v-john-edwards-et-al-cmkm](https://www.justice.gov/usao-nv/victim-witness-assistance/us-v-john-edwards-et-al-cmkm) + +&#x200B; + +Some other docs I found related here. Some less formal: + +[https://www.scribd.com/document/177287208/OPERATION-TRUTH-CMKM-Clarification-and-Update?fbclid=IwAR2S6vSGvOF7tSiATt8\_SRnKS0E1mwD22LmudjaHV49cyTXmpKg-rKW1TTA](https://www.scribd.com/document/177287208/OPERATION-TRUTH-CMKM-Clarification-and-Update?fbclid=IwAR2S6vSGvOF7tSiATt8_SRnKS0E1mwD22LmudjaHV49cyTXmpKg-rKW1TTA) + +[http://www.cmkm.info/CMKM-BRIEF-HISTORY-OF-SEC-CORRUPTION-2010-06-08.pdf](http://www.cmkm.info/CMKM-BRIEF-HISTORY-OF-SEC-CORRUPTION-2010-06-08.pdf) + +&#x200B; + +TLDR: For anybody doubting the absurd number of shares GME might have and how high numbers go, even those numbers are conservative. Hold on to your fucking tits. + +Hedge funds use the same fuckeries back then as they do now. + +&#x200B; + +I'll correct any misinformation if pointed out, just in case I said something wrong and was not aware of it. I'm fucking retarded so yeah. + +&#x200B; + +&#x200B; + +I can dig deeper but if this doesn't seem necessary, I won't. + +This isn't a DD, but more of an information gathering that might be helpful to us. + +/u/atobitt + +/u/criand + +/u/dlauer + +(Sorry if it's bothersome, but this looks like the kind of thing wrinkles like you can make more sense of. And it's way too similar to current events to ignore. If I did overstep, then I'll just go back to my cave). + +&#x200B; + +Edit: + +Found a working chart of it + +[https://www.stockwatch.com/Chart/Advanced/U/CMKX/20](https://www.stockwatch.com/Chart/Advanced/U/CMKX/20) +After a long stretch of working from home, we were 'encouraged' to return to the office for one day. A few months later, one day became two days. + +I don't know what happens next but I would wager that by mid-2023 the two days will become three days of 'encouragement' to return to the office, then the three days will become four and by early 2024 it will be 5 days. + +Then one day will become mandatory while the other four, they would 'pretty please' ask us to keep coming in. And by the end of 2024, goodbye WFH. + +What d' you reckon? +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). +I am 26 atm...my parents are great people and allowing me to stay as long as i want to save up. I have my own independence and I am not babied by them and can go out when I want to. I am paying rent and doing my own laundry dishes etc, I shadow my dad in doing maintenance and also watch my mum cook so I have learnt how to cook some meals. I have also moved away from home living in college for 4 years as well. Where as my other friends are asking me when I'm going to move out of home. + +Those of you who took this path, do feel that it helped you become more financially independent? I think I could probably save up over 50k next year if I stay home.. I could probably save half that if I moved out.. + +I don't think there will be another time that I can save this much of my income. I feel like now is the time to secure my financial future. + +Is this flawed thinking? +Oil has been making a lot of money lately but none of it is being reinvested back into the business. There are very low capital expenditures due to carbon emissions, and these large profits are instead going directly to shareholders through paying down debt and buybacks. Regarding the no reinvestment and what is currently happening in Ukraine, it seems to me that oil will stay high priced for a while. What else am I missing? +How do you guys find your stocks? I use finviz to find stocks with positive and increasing eps and revenue, as well as macrotrends to see history of p/e, debt, free flow etc. Still learning, tips? Anything else to look at? +I was reading that Graham had a limit of I think it was 3 years and that if the stock did not rise to his view of intrinsic value within that frame he would sell even if he thought it was still undervalued. How do you determine after several years to sell or hold a value stock that the market isn’t recognizing the value that you see? Is it purely based on what other opportunities are out there for your capital? +As the title says I am 15 years old trying to learn as much as I can, I also have a few questions on investing. My father is retired from the military and because of this I'll get paid around $1300 a month for going to college which would give me a decent amount of money once I finish college but what would be the smart thing to do with that money. +I want to do a mixture of day trading with swing trading. For day trading: +- Trade oversold at support, sell overbought at resistance in penny stocks and mid caps (20-50 dollar range). +- Aim for at least a 10% gain on capital per trade. +- Every fifteen trades profit amount is doubled, starting out with $10 per trade. +- Keywords: patience and discipline. + +What would you advice me? See any flaws? I'm trying to learn as much as I can and am determined to reach my goal. + +EDIT: +To those who took the time to offer motivating words and sound advice: thank you very much! Even though this isn't the most realistic of goals, striving for it and reaching 250k is fine too, of course. + +To the rest: +So I've been selling CCs, mostly weeklies, on GME and using that premium to buy calls during run ups. I've increased my long position from 100 shares to 300 shares since the summer, but I think i could have made more if I timed buying my calls for the run ups better. + +I have noticed earlier in the year when it hit 350, it drops dramatically, and lately when it hits 250, it drops dramatically. So I was thinking if it runs to 230-250 or so again, selling an ITM call, 45 dte 180c. I'm thinking the premium will be about 10k or so after a couple big green dildos and higher IV (any way i can calculate this?) and with a predictable drop afterwards, buy to close at around 80% profit. With that 10k or however much it is per CC, I want to buy a good amount of puts. Probably 180-190p 3-4 weeks out. + +Anyone know if this is a strategy already so I can read up on it? The goal is to keep my shares, so I'll probably only do this with 100 of my shares and I'm okay if they do get called away 18k +5k premium (-5k for puts) would be over a 100% gain for me. I feel like this would be a lot less management than selling weeklies. +With the 2024 options now available, I can't help but play around. This is a crazy position that I'm possibly willing to bet the farm on. + +19JAN2024 $1500/$1000 PCS for a $42,000-ish premium and selling 25 of them. + +Max Profit: $1,050,000 + +Max Loss: $200,000 + +Obviously a TSLA Bull, with the ability to replace the account with savings over the 28 months is takes to play out. Early assignment wouldn't be a fun conversation with my broker... +Layout the steps you take when looking closer into coins. How do you determine value? When do you become skeptical? How do you avoid internal biases? + + This discussion will be great for the sub. + +Thank you +**FOR A RISK OF 3.0** + +**For year 2014** + +Total Wins: 171 Total Loss 45 + +Reward 3.2512520651522254 Risk 1.0744817857142857 + +Profit Reachability Day 3.2762445887445892 + +Loss Reachability Day 1.8982142857142856 + +&#x200B; + +**For year 2015** + +Total Wins: 281 Total Loss 100 + +Reward 3.244366171943663 Risk 2.3421343750000005 + +Profit Reachability Day 3.6393949800199796 + +Loss Reachability Day 3.075892857142857 + +&#x200B; + +**For year 2016** + +Total Wins: 246 Total Loss 71 + +Reward 4.19866278876125 Risk 2.0594111607142858 + +Profit Reachability Day 4.431420068027211 + +Loss Reachability Day 2.9538690476190474 + +&#x200B; + +**For year 2017** + +Total Wins: 377 Total Loss 72 + +Reward 3.819575009067335 Risk 2.382246428571428 + +Profit Reachability Day 4.156471901114759 + +Loss Reachability Day 2.623511904761905 + +&#x200B; + +**For year 2018** + +Total Wins: 312 Total Loss 106 + +Reward 4.363921311887284 Risk 4.022499285714286 + +Profit Reachability Day 4.446510384456812 + +Loss Reachability Day 2.7583333333333337 + +&#x200B; + +**For year 2019** + +Total Wins: 270 Total Loss 78 + +Reward 4.244532349954336 Risk 3.688156607142858 + +Profit Reachability Day 4.023196892393321 + +Loss Reachability Day 2.481845238095238 + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +**FOR A RISK OF 3.0** + +For month 1 + +Total Wins 17.5 Total Loss 5.166666666666667 + +Reward 3.7548966751351385 Risk 1.2442473214285716 + +Profit Reachability Day 3.2601190476190474 + +Loss Reachability Day 1.5848214285714286 + +&#x200B; + +For month 2 + +Total Wins 16.833333333333332 Total Loss 2.5 + +Reward 3.941844945203211 Risk 1.2728062499999997 + +Profit Reachability Day 3.489285714285714 + +Loss Reachability Day 0.7053571428571429 + +&#x200B; + +For month 3 + +Total Wins 23.833333333333332 Total Loss 9.166666666666666 + +Reward 3.4565423026141686 Risk 2.592375892857143 + +Profit Reachability Day 4.033248299319728 + +Loss Reachability Day 1.9008928571428572 + +&#x200B; + +For month 4 + +Total Wins 25.333333333333332 Total Loss 7.333333333333333 + +Reward 4.2959680239810165 Risk 1.9198160714285717 + +Profit Reachability Day 4.454662698412698 + +Loss Reachability Day 2.5029761904761902 + +&#x200B; + +For month 5 + +Total Wins 23.0 Total Loss 4.666666666666667 + +Reward 3.0701694643212774 Risk 1.1596620535714286 + +Profit Reachability Day 4.01687925170068 + +Loss Reachability Day 1.2946428571428572 + +&#x200B; + +For month 6 + +Total Wins 23.0 Total Loss 5.0 + +Reward 3.513644870222597 Risk 1.2660119642857144 + +Profit Reachability Day 4.093707482993198 + +Loss Reachability Day 1.2458333333333333 + +&#x200B; + +For month 7 + +Total Wins 26.0 Total Loss 5.166666666666667 + +Reward 3.8629119783168666 Risk 2.3957633928571425 + +Profit Reachability Day 3.920932539682539 + +Loss Reachability Day 1.5982142857142858 + +&#x200B; + +For month 8 + +Total Wins 35.833333333333336 Total Loss 9.333333333333334 + +Reward 4.036109857200935 Risk 1.9933286607142855 + +Profit Reachability Day 4.330208333333333 + +Loss Reachability Day 2.05 + +&#x200B; + +For month 9 + +Total Wins 27.5 Total Loss 8.166666666666666 + +Reward 2.8706323616336915 Risk 2.882649107142857 + +Profit Reachability Day 3.4385629251700682 + +Loss Reachability Day 2.15625 + +&#x200B; + +For month 10 + +Total Wins 17.5 Total Loss 8.5 + +Reward 3.4946351017588917 Risk 1.9926030357142863 + +Profit Reachability Day 3.5126700680272114 + +Loss Reachability Day 2.2071428571428573 + +&#x200B; + +For month 11 + +Total Wins 17.833333333333332 Total Loss 5.333333333333333 + +Reward 3.4099918127482174 Risk 1.2433017857142858 + +Profit Reachability Day 3.2760204081632653 + +Loss Reachability Day 1.7738095238095237 + +&#x200B; + +For month 12 + +Total Wins 22.0 Total Loss 8.333333333333334 + +Reward 3.0591360042970845 Risk 2.3232892857142855 + +Profit Reachability Day 3.5449404761904764 + +Loss Reachability Day 2.1235119047619047 +I grew up in a low income family and started off with pretty low paying jobs. I just got a job where I'm ending up putting about 1,400 in the bank every month, it probably isn't a lot for most you guys but it's a lot more than I've been able to before. + +I really have no idea what to do with money at all. I've been looking at different family members getting older with close to nothing set aside for retirement and I realize I need to start getting ready now. + +I just turned 22, and have about 6k in my bank account. Right now I've just been putting checks in and paying bill, then leaving the rest sitting there. What should I do? I really don't know ANY thing about what to do with money, I just don't wanna end up getting old and scared I don't have enough money for doctors and my house and just whatever living expenses I have then by then. +I dont really have anyone to tell this to, so its going here. I guess you have to understand the situation to be able to appreciate the news though so here's a little background: + +My husband was devastatedly injured in 2014. He suffered a brain injury and went blind overnight and was medically fragile for 2yrs before before he passed away from complications of his injuries Thanksgiving of 16. During thoes 2yrs he required 24hr care so I stayed home to care for him. Our fall into extreme poverty was pretty deep and hard. And I have not recovered yet. + +After he died Ive struggled very badly with mental/emotional health, isolation, insomnia and maintaining employment. It is what it is. + +6 or 7 weeks ago my depression/PTSD/insomnia/suicidal feelings began raging out of control and Ive been in a quick downward spiral since. I quit showing up for work, lost my job, have exhausted all my resources and sold any belongings I could. I currently am facing homelessness, Ive been going days on end without food (who knew Id be thankful for being so fat, lol) Im doing all I can think of to pull out of this situation before I finally just give up completely and decide to go be with my husband. Its been hard. I have applied for a ridiculous amount of jobs, but Im scared. I know mentally I have a hard line in the sand: I refuse to be homeless, especially in 100+ degree heat; I refuse to prostitute; refuse to sell drugs; refuse to steal; refuse to panhandle. I just wont, Id rather exit the suffering instead. + +Anyhow, on to the good news. + +I reached out to a mental health place, they sent an emergency crisis team to my house within the hour and said the state Im in qualifies me for some FREE mental health help and will schedule me with a psych doctor in a couple weeks to get on some meds for the depression/PTSD/insomnia. I just gotta hold on a few more weeks. + +The other day I paid my very last dollar to buy one more week of rent (been living in a pay by the week "apartment alternative"...basically a motel, it is what it is) and I took an odd job that provided me with gas money to continue my job search/get to work once I find a job and I had some cash to get some food. + +When I went to go get some food there was something going on outside with a heavy police presence, but it was mostly just a bunch of cops standing around shooting the breeze behind my car while 2 cops dealt with whatever the issue is. My car has expired plates and my insurance is expired as well. It felt too risky to ask the police to move, but I was also SO HUNGRY from not eating for 6 days. I broke down and called Domino's. + +While on the phone with Domino's I made it clear that I needed to price check everything before actually ordering because money is tight. Even as I did this I was starting to hate myself because waiting for the police to leave and then going to the store would be cheaper, but I was just so dang hungry. The Domino's guy said: "Listen to what I say carefully. I got you ma'am, Im going to do what I can to hook you up" I order their special of 2 medium 2 topping pizzas, which with delivery and tip will cost me a flat $20. I felt like I had punched myself in the stomach knowing I shouldn't spend that much, but I did it anyhow because it had been 6 days without food and the temptation to have some quickly was too much. He then says "When your order comes make sure its correct." + +30mins later, police still gossiping in the parking lot, my pizza came. The order was NOT correct, the spinich was missing off both my pizzas (spinich and feta with alfredo sauce) so I call back and he says "Oh darn, let me make this right by sending out your correct pizza free of charge, keep the ones you already have" Hero in my book. I got pizza to last for days! + +I was able to sleep well that night (a win in its self considering how bad my insomnia has been) wake up and have pizza for breakfast. THEN the job Ive been interviewing for text me a job offer. I start training Tues. Its only part time, but once I start getting a actual paycheck again and add that to my little monthly "widow check" I can cover my rent. (I just gotta figure out this next week or two of rent then I should be good.) Not only did I get the job, but it also comes with a FREE meal every day I work. + +IM LITTERALLY CRYING TEARS OF RELIEF RIGHT NOW. + + If I ration my pizza I will have enough to last till my first day of training, then I will get a daily meal when Im working and a paycheck again to follow, help with my depression/PTSD around the same time too. I just got to get through the next week or two and things will be getting better. Because the Domino's guy hooked me up with pizza I can use what money I have to hit Goodwill and look for the required clothes for the job. All of this is a huge relief and makes me think maybe I *can* pull out of this nose dive Ive been in! +Holy shit, gamestop twitter comes out with some very small hype/hints about NFT market place launch on friday and suddenly ken griffin is on tv going total batshit, which of course got all our attention at that moment. But the market place did not launch, but kenny still responded like it did. + +Kenneth Griffin just got flashed by Ryan Cohen +Just started investing in both VTI (70%) and VXUS (30%) last week in my Roth IRA. I started with $500 and I’m doing $100 biweekly. Would this be good for long term growth and is this enough diversification? I’m 25 by the way. +Greetings, FIers! I [retired in summer 2021](https://old.reddit.com/r/financialindependence/comments/oqdj5r/i_retired_today/). As is tradition, I'm back to fill you in on how it's been going. + +Basic details: 39M at retirement, 40 now. I live in New York City. Married, one kid. Worked a 15-year career in tech. I FIREd last July with $2.3M in investments, zero debt and a paid-off place. Technically, this one-year update is a little late, but I have an excuse: I've been having too much goddamn fun! + +OK, let me put this out there to start with: I'm a complete fraud. I'm not living off investments. + +The plan was for my wife to quit in 2022. But then the markets dropped, and she didn't like the idea of giving up her paycheck while our net worth was decreasing. Her job is easy, low-stress and 80% working from home, and she wants to keep working at least until the stock market recovers. Her salary plus the dividend payouts from my taxable account cover our expenses, plus we get that sweet employer-paid health insurance. + +I'm down about $400,000 from my all-time high, but I'm not stressing at all. I was planning to withdraw between 2.5% and 3%, which should survive a dip like this, but I'm not upset about not having to put that to the test just yet. I've done my best not to pressure my wife either way. If she wants to join me in retirement next year so we can travel more, or if she wants to keep working a while longer and let our net worth grow, both those options are perfectly fine with me. + +While she's working, I'm the stay-at-home dad to our son. Over the summer, I repainted his room, took him to the beach, took him on hikes, and spent many hot days at the pool. Now that school is back in session, I walk him to school, read books and do Legos with him, and help with his homework. It takes a lot of time, but I'm grateful that I *have* that time. I can be there for him without any competing obligations. I hope that gift of presence is something he'll benefit from and remember fondly when he's older. + +Between COVID, my wife's work schedule and my son's school schedule, I haven't done lots of traveling. Even so, I feel like I've made the most of the past year. I went to the Delaware Water Gap and Acadia National Park to enjoy spectacular scenery and great hiking. I've explored hidden treasures in the Hudson Valley like Croton Gorge Park, Innisfree and Untermeyer Gardens, and took a weekend trip to Riverhead out on Long Island to see old shipwrecks on the beach and stargaze at the Custer Observatory. + +Around the house, I'm exercising more, listening to more music, reading a lot of books and catching up on long-overdue deep cleaning and decluttering projects. I'm handling all the cooking and most of the household chores. I'm growing a flower garden with native pollinator-friendly species, and a vegetable garden where I've grown green beans, peas, tomatoes, cucumbers and corn. It's not a money saver, it would definitely be cheaper to just buy produce from the supermarket, but there's something incredibly satisfying about eating food you grew and picked yourself. + +Now that I've had some experience of it, what strikes me about retirement is how *normal* it seems. It feels like nothing special, just my life - a life where I can run errands, do a workout, or sit in a coffee shop with a book in the middle of the day on a weekday. It's hard to remember that I once had to commute in to an office and sit at a desk five days a week. + +The sharpest reminder of my unusual circumstances is trying to make plans with non-FIREd friends. It's almost a little frustrating that I'm free on weekdays and they're not. There are so few weekends, and they fill up so fast! + +Admittedly, FIRE hasn't made my life a nonstop orgy of unicorns and rainbows. I still have petty frustrations and crappy days. But let there be no mistake: early retirement is *great*. I love that every day is my own, to do with as I see fit. I can weed my garden, or listen to a podcast, or clean out my attic, or go for a long walk on a beautiful morning as the mood strikes me, and I don't have to answer to anyone's expectations about my schedule or my productivity. I haven't been bored for an instant. The hardest part is deciding what I want to do with each day, when there are so many choices! + +Happy to answer questions and comments. I'll also accept GFY's. +Has anyone ever done this? Is there a way to see how this would have performed historically? + +&#x200B; + +My situation- have been saving a large amount of money for down payment over the last 3 years, only to come to the realization that I still can't afford the type of house I would want given this fucked up housing environment. I'm tired of sitting on this cash and seeing it essentially lose value. Fixed income instruments are a joke right now given interest rates. I'm heavily considering throwing it all into the market (in a non-registered account, all registered accounts full). Contemplating a couch potato style ETF portfolio (ie. VCN/XAW) but was wondering if this idea off an portfolio equally weighted in all 5 big banks makes any sense- yes I know this is the opposite of diversification. It would be favourable in terms of the tax treatment of canadian dividends in non-registered accounts, and canadian banks just don't seem like they can ever fail. + +&#x200B; + +I have a good income and a steady job. Would plan on keeping a good amount (50k) in an emergency fund in a HISA +Absolute panic every second or third post. Everything from "It's just a dip" - "bear market/crypto winter" - "Everything but Bitcoin and Ethereum is going to zero". Lol calm down. + +If you're sweating, just sell everything. Cryptocurrencies in general are extremely volatile and if this makes you nervous than maybe this stuff isn't for you. Stocks are more stable and might be your thing. We could see another 50%+ drop and nobody wants to see you drop of a heart attack because of it. + +If you're day trading you know this is how it goes, if you're doing anything else, delete your chart app or whatever. +Follow-up post of my previous post: + +[https://www.reddit.com/r/Superstonk/comments/p6o6e7/blackrock\_sold\_22\_of\_gme\_probably\_rebalancingbut/](https://www.reddit.com/r/Superstonk/comments/p6o6e7/blackrock_sold_22_of_gme_probably_rebalancingbut/) + +&#x200B; + +A few comments there drew my attention to Renaissance Technologies, TBH I have never heard from them before, So I did what every smart ape does, I go to wikipedia: + +&#x200B; + +https://preview.redd.it/u4eyedlcq9i71.png?width=1410&format=png&auto=webp&s=6ca4121d8df7b8148fa3c170c0d51dc8b39aa448 + +Okay so let me get this straight: The most successful hedge fund in the world, which only acts based on mathematical models/statistics/hard facts and not on emotions/human behavior...etc just recently bought 606k GME shares... TITS OFFICIALLY JACKED! + +Source: [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme) + +https://preview.redd.it/akz7c9ljr9i71.png?width=980&format=png&auto=webp&s=4507dccc818ad5d4a1ab0a4e1f25e7689711244b + +Edit: For some clarification: + +https://preview.redd.it/9l56cm8d8ai71.png?width=714&format=png&auto=webp&s=fbd5299b2615000b633bb9cfce079bc2c251abd6 + +Effective date is 06-30, so who knows if they are still in right now. Also something to mention: In their 2020-09-30 13F they had 800k shares but they were gone in their 2020-12-31 13F so they sold their first 800k€ shares before the first big run-up in January...Maybe they learned from their mistake :-D +Warren Buffett's company was sitting on $128 billion in cash at the end of 2019. He's in the perfect position to buy at a discount. Is he buying like crazy and we just don't know it yet? Or is he holding off buying because he's expecting prices to drop a significant more? + +Update: a lot of great replies, but the best was from quietHands, who posted a link to this Buffett interview: https://www.cnbc.com/video/2020/02/24/watch-cnbcs-full-interview-with-berkshire-hathaway-ceo-warren-buffett.html + +I wonder if Buffett still feels this way today, a month later. +This is probably common knowledge to many, but for people that sell their old vehicles as individuals, CLEAN THEM THOROUGHLY before advertising. A few hours of work can equal hundreds...if not thousands in return. I buy and sell cars and trucks often and I can't tell you how much difference it makes to a potential buyer when they look inside a car that looks and feels clean, like new. + +It blows my mind when I scroll ads how many cars still have trash sitting in them when the owner snapped photos. Wrappers on the floor, cups in the cup holder, clothes on the seats. Not only does cleanliness increase the appeal to someone that drives the car, but it increases your potential buyers. + +I want to add, that this goes for the engine bay as well. I live in the Midwest so prices may vary, but I can get the engine area professionally cleaned for $20. A clean engine makes the car look fresh and appear to have miles and miles of life left in it. + +A small investment of labor can be worth a truckload of cash in the auto retail market. Pun intended. +I've heard it was bad to refi an old mortgage because a lot more goes on the principal as the loan ages. I'm 17 years into a 30 year loan, at 5.75%. I see the principal dropping fast, much faster than in the past. + +I need to get all new windows and replace siding on the house, and possibly solar. (built 1955 ranch) I have about 300k equity, but not taking anywhere near that out. 60k tops. + +I'm 50 years old. Would it be better to refi existing mortgage at a much better interest rate or look into just taking out a second and pay it off as fast as possible. I haven't found any great info online, figured you smart people might be able to help. + +I know it's tough to know individual situations, just looking for general rules that people follow. + +Edit: Thanks all you wonderful people, I did refinance at a great rate (2.6%) and went for a 30 year for the extra cushion. Plan on making double payments to pay off in 15. +My results. + +32 total trades. + +9 losses via SL trigger or noticed my mistake. +So they relatively stayed under a pip in losses. Or spread expansion + +My total: -$1.52 I know it’s not something to celebrate about for many and I know a lot would be stressed. + +Here’s my explanation and mindset: + +I’ve been trading for a while almost 3 or over 3 years. At my start I was losing money constantly, piss poor Risk management, revenge trading, just a total retard. I took a step back from trading, during that time away I learned and I learned a lot. Pulling books in bulk at my public library. Hard drive stored to max on many books in regards to trading. Leeched myself courses hours and hours of videos. + +Why I am excited about this loss. I managed to trade a lot IMO, without loosing 1% of my total capital. I’m still getting my feet wet went from a 95% fail rate I’ve managed to jump to a 72% success rate. I’m still working out on my risk management because I want tight stops. + +During my trading, I’ve applied top down analysis, price action, and I stayed away from news/data events.(not ready to play with that level of volatility yet) also I’ve been controlling my mental that was very difficult to do. Because I am a product of failure which has been imbedded into my vision and sub conscious. + +I’m going to continue my path to the top. I used to cry about the knives driving into my feet but now I’m stepping full force. Hopefully during the next 3 cycles my goals are. + +Get 0.01¢ in profit. + +Make my success rate higher by at least 3-6% + +And put my foot in the mouths of the people that told me I’ll never make it🙏🏼 +https://preview.redd.it/7g18khg3zx271.png?width=1227&format=png&auto=webp&s=fbdd208906bbe8ef8ea604a497b88b8fe9491e3a + +https://preview.redd.it/d4h6bxs3zx271.png?width=1227&format=png&auto=webp&s=40fe2e8960a99c4f118d07a20b13711cafa6aa70 + +https://preview.redd.it/kp8pi8vjzx271.png?width=1227&format=png&auto=webp&s=75181eb0258329530553c4dd1c4e609a4892cf2c + +&#x200B; + +**TLDR:** They agreed to give me 2 hours of research and a max of 100 pages of research on the subject of SR-DTC-2021 and declined to waive any fees beyond that. I filed an appeal not to appeal them denial to waive fees, but i appealed in order to change my FOIA's fee classification and offered to give them a bunch of money so that they'd do a better job at finding ANY information on SR-DTC-2021-005. + +Basically offered to throw a decent portion of this month's salary on this, but i think it's worth it. If i can do it, you can do it. Though they already accepted the request, 2 hours of research sounds abysmally small. This extra cash i offered should at least increase that to 10-15+ hours of research on SR-DTC-2021-005 or two full working days of research IF my appeal is accepted. + +&#x200B; + +Now you're not gonna like this part, and it will get me hated by many but i don't care so there. Hate away all you like. I doubt i'll get banned for this, but if i do, oh well, still hodling, still love GME. + +I have a few basic life principles and those are to be truthful and transparent even when non disclosure is the better thing to do, like in this case below. Chill this is a public forum and there's nothing weird going on, our mods are great and so are you. Remember... public forum... public... everyone can see it... ok? If you don't like my reply, tough luck. You should have made your own FOIA. If you don't like me mentioning superstonk, tough luck. "I can't believe you wrote that, have my downvote" /shrug. + +Now onto (you) getting mad as heck. Here's my appeal. Not gonna even hide it and keep this thread with 0 controversy, no, you get to see what shit i wrote and you get to be a keyboard warrior about it. + +Got out of bed at 2AM to and spent 2 hours writing everything and compiling all of this so i can get flamed, believe it. + +&#x200B; + +&#x200B; + +&#x200B; + +>Hi, +> +> Based on your determination that the fee waiver should not be applied to this request, i'd like to request a change of fee classification. +> +>As the fee waiver has been denied, i'd like to pay the amount of $1000 dollars US (up-front) in order to cover any additional hours of research that may be required beyond the initial 2 free hours and 100 free pages offered under 17 CFR 200.80(g)(3)(i)(ii)(iii)(iv)(v). +> +>Additionally, I'd like to express the willingness to pay additional fees in case it's required for additional research hours or duplication fees that however do not exceed $500 dollars US. +> +> As for the reasons behind requesting the information in regards to SR-DTC-2021-005, a portion of retail traders such as myself as well as another \~350 000 on a single sub-reddit such as /r/SuperStonk have dedicated the past 4 months on learning everything possible regarding the US Securities Markets from the ground up. +> +> +> +>4 months ago, said community did not know what an option contract was, today the community does quality DD (Due Diligence) papers every day on subjects directly related to the US equities market market mechanics, old SEC regulations and their pros and cons as well as an extremely big interest in the newly filed OCC, FICC, SEC, DTC regulations that were filed in the past 2 months as a response to the increasing risks in the US markets in general. +> +>During their and my own research into the various new regulations filed, passed and implemented, we noticed that a single regulation that was filed (SR-DTC-2021-005) was removed with no notice within 1 week of it's filing. The reddit community /r/SuperStonk of which i am part of has since then done it's own due diligence on the subject of SR-DTC-2021-005 in general as well as due diligence on the actual sudden disappearance of the regulation (SR-DTC-2021-005). +> +>Two of the more easily digestible threads in regards to the disappearance of SR-DTC-2021-005 as well as a mail of correspondence between a redditor and a SEC employee can be found here: +> +>[https://www.reddit.com/r/Superstonk/comments/mzkf8v/where\_is\_srdtc2021005/](https://www.reddit.com/r/Superstonk/comments/mzkf8v/where_is_srdtc2021005/) +> +>[https://www.reddit.com/r/Superstonk/comments/ncnz1l/where\_in\_the\_world\_is\_srdtc2021005\_we\_were\_told/](https://www.reddit.com/r/Superstonk/comments/ncnz1l/where_in_the_world_is_srdtc2021005_we_were_told/) +> +> +> +>I suggest that both threads/topics are at least skimmed through and the SEC employee - reddit correspondence be read so it may serve as context. +> +> +> +> It has been approximately 2 months since SR-DTC-2021-005 disappeared from the DTCC website. According to the correspondence between the SEC employee and the redditor posted above, the re-filing of SR-DTC-2021-005 should have been a matter of 1 week. +> +> Myself and the reddit community (As well as other communities such as /r/amcstock) who have been tracking all the new incoming SEC regulations extremely diligently are at this point in time concerned that the removal of this regulation with no notice at all whatsoever pre or post removal is a red flag and that it's something that needs to be looked into by the appropriate authority which in this case as it's understood is the SEC itself. +> +>Finally, as reddit and /r/SuperStonk are just a website and a community of retail investors from around the world, everyone is taking their own decisions on how to react on subjects related to the US Equities / Securities market. I myself am not a US citizen and do not live in the US or any US territories. I've taken the decision to contact the SEC in regards to this subject matter on my own volition as an EU citizen living in the EU and plan to make the results of this FOIA publicly available to all users on Reddit's sub-reddit named /r/SuperStonk. +> +>All personally identifiable information that falls under the EU's GDPR such as names, emails, phone numbers, addresses etc will be redacted before publishing. +> +>Thank you for your time. + +&#x200B; + +https://preview.redd.it/ohnm4upbyx271.png?width=1785&format=png&auto=webp&s=962f6bfcf8e0e77f0fe5fde203f3e1205e5a5fc6 + +https://preview.redd.it/e0fbo9q72y271.jpg?width=1440&format=pjpg&auto=webp&s=0c3bf6d58ac8a22c4f1eba3d145102fd4abfef45 +Wass'up? + +I'm back with some more dericious milk from my wonderful manboobs for y'all to feast on. This post is going to be about the remarkable shortness of the earning calls, the absence of Q&A sessions and why this shouldn't piss you off. + +"Yeah, delicious\_manboobs, but I need fuel for my confirmation bias! It actually FUCKING pisses me off." + +Ok, ok, wooooh there, young fella, put down that pitchfork for a second and please listen. I understand that you feel like Yngwie Malmsteen: + +https://preview.redd.it/l58ny7x92gm71.jpg?width=884&format=pjpg&auto=webp&s=c9c878f61d5148a386e6e2c2487d5dacc50e41fc + +But let's put those earning calls into the context of the situation. Here's what we know: + +Disclaimer: I came up with all of this while picking my toes, this is not financial advise, I just smooth brain and not advisor. + +1.) GameStop confirms in their latest 10-Q SEC filing that + +"To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock." + +and + +"A large proportion of our Class A Common Stock has been and may continue to be traded by short sellers which may increase the likelihood that our Class A Common Stock will be the target of a short squeeze." + +source: [https://investor.gamestop.com/node/19256/html](https://investor.gamestop.com/node/19256/html) + +GameStop confirms that there is very significant short interest which may lead to a short squeeze. + +So what about the wording? Why does it contain "may" and such stuff. + +There was a post back in March that explained the wording used in a former GameStop filing: [https://www.reddit.com/r/GME/comments/mdzuuf/breakdown\_of\_gamestops\_sec\_10k\_from\_legalese\_to/](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/) + +tl;dr: This form is an official document, a forward looking statement - if not happening - might be held against GameStop. There are - in my opinion highly unlikely situations - where a short squeeze might not happen, such as: everybody paper hands at the same time. Highly unlikely, but possible, this is why we might see a "may" here. Wanna know more about legal speak? Read the post. + +2.) GameStop is helping the SEC to investigate into trading activity in our securities. + +" On May 26, 2021, we received a request from the Staff of the SEC for the voluntary production of documents and information concerning an SEC investigation into the trading activity in our securities and the securities of other companies. The SEC has since called for additional documents, as a follow up to the initial request. We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter. This inquiry is not expected to adversely impact us. " + +Wut mean? So, the SEC will not look into trading activity if it feels that it is normal. It will look into trading activity that it feels is not normal. GameStop voluntarily helps the SEC with documentation. + +On top of that, we know that the president of the New York Stock Exchange publicly stated that price discovery for certain securities is broken. + +Here's one of my posts covering that topic: + +[https://www.reddit.com/r/Superstonk/comments/o1tzje/it\_actually\_is\_big\_when\_the\_nyse\_president\_says/](https://www.reddit.com/r/Superstonk/comments/o1tzje/it_actually_is_big_when_the_nyse_president_says/) + +So, what I conclude from that: "Price discovery is broken" is just a nice way to say: "The price is manipulated and wrong, bitch." A 10% in AH yesterday? Exactly that kind of broken price discovery experience. + +3.) GameStop believes in its investor basis + +Remember what Sherman said last quarter? He specifically thanked a wonderful investor basis, that's every single ape hodling the stonk. You, and you, and you. + +I'm pretty sure that GameStop trusts us, just as much as we trust GameStop. This makes for an unbeatable team, wait and see. + +\------------- + +Ok.. now that we gathered some facts and evidence, let's pull this together to explain why less might actually be more currently. + +With an extraordinary short interest confirmed by GameStop in their filing (see point 1), we know that + +"once investors purchase the shares of our Class A Common Stock necessary to cover their short positions, the price of our Class A Common Stock may rapidly decline. Stockholders that purchase shares of our Class A Common Stock during a short squeeze may lose a significant portion of their investment. " (latest 10-Q statement) + +It's therefore in the interest of short sellers that price does not rise (yeah, yeah.. that's a fucking no-brainer, I still felt like I need to mention it). So, we also have confirmation from the NYSE, as well as SEC investigation into trading activity around the stock that price discovery is broken and that we see unusual trading activity. + +I think that many individual investors in this forum agree that psychological tactics are being deployed in order to get people to paper hand. Consider the following: + +We know that shorts need apes to sell in order to close their positions. Nothing new. Of course they want us to sell at a low price. + +We know that price discovery is broken and that trading activity is being investigated. A heavy drop in price, such as the drop in AH yesterday, might very well be related to unusual trading activity and broken price discovery. Also, nothing new. + +But, what shorts really need is to create a sell-off. Action by hodlers needs to follow their manipulative action. Let me put forward some psychological aspects here. + +Let's assume the price just randomly falls in the middle of the day, let's say by 15%. You would probably go: "Wtf did just happen. Why did the price drop so much." You might feel that there is no reason for the price drop. + +Now let's take another example, in which we have very bad news for a company (e.g. a biotech company that just got a license revoked) and then the price drops. Suddenly, the price drop has a reason. + +In a psychological experiment by Harvard social psychologist Ellen Langer, it could be proved that "a well-known principle of human behavior says that when we ask someone to do us a favor we will be more successful if we provide a reason. **People simply like to have reasons for what they do.**" + +\[This is taken from the book "Influence" by Robert Cialdini, an exceptional good read if you want to understand more about the mechanisms of influence and manipulation\] + +So, in this experiment the following was discovered. 94% of people would allow somebody to the skip the line to use a Xerox printer if they were given a reason, compared to only 60%, when no reason was given. + +The very interesting point however is the following: It doesn't matter if the reason given makes any sense. Even if a bogus reason was given ("Excuse me, I have five pages. May I use the Xerox machine because I have to make some copies?") the success rate was at 93%. People just need a reason, it doesn't really matter if it makes much sense. + +After this sidestep, let's translate that to the earnings situation. I strongly believe that the price drop in AH is shorters asking apes if they are willing to sell their shares. I mean, I'm sure that everybody has been thinking about this when they see the price drop first, right? + +From social psychology we know that this will work much better if a reason is given. Such as "The price dropped, because \[insert any reason here, no matter if it's logical or not\]". + +So what reasons are given for the price drop? It can only be stuff that we hear from GameStop, such as: "Uh, look, earnings was bad." Remember how it's not even important that the reason is logical? Even if earnings was not bad - and it absolutely was great yesterday, I made a write up here: [https://www.reddit.com/r/Superstonk/comments/pklwk5/a\_journey\_through\_the\_land\_of\_earnings/](https://www.reddit.com/r/Superstonk/comments/pklwk5/a_journey_through_the_land_of_earnings/) \- it suffices that they have a reason. + +I think by now, apes expect that, they know that earnings will be used as a reason to ask for selling. I think it's quite clear that this not working at all at this stage. + +&#x200B; + +So, how does this tie together with the super short (see what I did there?) GameStop earning calls. Why is there not Q&A? Why are the calls so short, no outlook? I think it's because of a combination of point 3) above with what I just wrote. GameStop trusts us and knows that we trust them. I really believe that they know we want to hear more about the future and the plans and that by not doing so, they will disappoint us. They weigh this against the cannon fodder they will provide manipulators with if they lay out their plans. + +I think they have a very good reason to keeping it short and simple. But they know they can trust us that we still HODL with diamond hands. And manipulators run out of reason for their manipulation. + +tl;dr: GameStop looked through the psychological operations of short sellers, abusing information given by the company to drop price. The keep information flow as low as possible, to dry out cannon fodder for psy ops. GameStop is very aware that we love to hear more from them, but in the interest of its investors (us), it accepts that apes might be disappointed with not getting information, in exchange for hurting bad market actors. + +\[obligatory rocket emojis here\] Apes together strong. +On this and other financial subs, the common trend for younger people is their desire to get rich...and as fast as possible. Many of us wealthy and successful people try our best to educate you...advise you of the steps you should take to create a solid base to build from....give you a game plan even. + +Wanted to ask you younger people....do you kids actually listen and follow through? I personally want to see you succeed in life, and it would help if every now and then, some of you post a thank you if our advice helped you make money or get ahead in life. We want to believe that we gave you invaluable information, and it would be nice of you to...you know...take a moment to let us know. + +Hope that's not too much to ask. Thanks! +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +The $EATS portfolio is showing very impressive returns this year +> Purchased shares of $VERY at $0.25, it’s holding at $6.00 + +> $GDNP purchased for $0.14, now at $1.41 + +> Eat Just became the first company to have a cultured chicken product approved for sale + +> Nabati Foods preparing to go public this year + +Eat Beyond continues to outperform with their investments in companies that are not available for retail investors. By 2027 the plant-based food sector is said to reach $75B and Eat Beyond is well prepared to capitalize on the sector’s growth. + +Personally, I’m loading up on more shares every dip because I love the companies portfolio. + +(CSE: EATS) (OTC: EATBF) + +https://www.newswire.ca/news-releases/eat-beyond-portfolio-shows-early-returns-seeding-larger-vision-and-enters-marketing-agreement-867384277.html +My parents owned a business and sold this when I was a young child, and have been retired ever since (early 40s). While they have probably never heard of the FIRE movement, they are financially independent and have been in early retirement for almost 20 years. + +From my understanding, their income consists of dividends and interest from term deposits. We always lived quite frugally. They had a mortgage-free house each (divorced) and probably spent only $30k each per year. We never had the latest gadgets and getting KFC was a special treat. I've always believed this gave me a good understanding of money and how to be budget conscious, although since becoming an adult I am less frugal than my parents + +They have been retired for a LONG time. + +You have to be very disciplined to dedicate your life to meaningful hobbies. There is only so much mountain biking and cafe visits you can enjoy with a life of leisure (on a relatively limited income). + +After 20 years of being out the job market, they are both essentially unemployable (for any job properly worth their time). Even if they wanted to, it would be difficult to back track and start a meaningful career again. + +AMA if you have any questions +\*Beginner Alert\* + +&#x200B; + +Hi , + +How do you guys research small cap stocks for big gains + +like for example this stock GPV.V is 32$ now from 2$ 6 months ago. + +I know no one has a crystal ball but how do you guys get in early and see the potential + +what kind of educated guess or assumtion or data you guys look at what is your methodology to + +spot entry points early. Or is it all pure speculative like you see this stock 6 months before over here + +on reddit or at a Facebook group and took a wild / blind kind of a risk. Do you guys follow some small + +cap Canadian gurus ?etc etc etc. + +Please share your strategy which as worked for you and on which stock. + +Would really appreciate some help on this. +I know OG apes have seen this multiple times but for newbies or for those who have never heard of this or doubt MOASS can happen, think about this amazing story about this town that believed their DD, invested what they could, never gave up, and many became generational millionaires. + +TLDR: During the Great Depression, a banker convinced struggling families in Quincy, Florida, to buy Coca-Cola shares that traded at $19. Later, the town became the single wealthiest town per capita in the US, with at least 67 millionaires. + +(I literally just copy pasted this [2013 article](https://www.joshuakennon.com/how-quincy-florida-became-a-town-of-secret-coca-cola-millionaires/) but you can look up ["coca cola millionaires"](https://www.google.com/search?q=coca+cola+millionares&ei=2EbLYpXuKqqsxc8P_cmUmAg&ved=0ahUKEwiVuqCOpO_4AhUqVvEDHf0kBYMQ4dUDCA0&uact=5&oq=coca+cola+millionares&gs_lcp=Cgdnd3Mtd2l6EAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwgAEEcQsAMyBwguELADEENKBAhBGABKBQhAEgExSgQIRhgAUABYAGCcBGgBcAF4AIABAIgBAJIBAJgBAMgBCcABAQ&sclient=gws-wiz). + +&#x200B; + +https://preview.redd.it/wxaeb6swata91.jpg?width=3200&format=pjpg&auto=webp&s=2880464e39fc5003f98947341331d27707d03f0f + +&#x200B; + +**How Quincy, Florida Became a Town of Secret Coca-Cola Millionaires** + +In the 1920s and 1930s, a banker named Pat Munroe in the small town of Quincy, Florida noticed that even during the depths of the Great Depression, otherwise impoverished people would spend their last nickel to buy a glass of Coca-Cola. With good returns on capital, and a once-in-a-century valuation so low that the business was trading for less than the cash in the bank, “Mr. Pat”, as he was called, encouraged everyone he knew to buy an ownership stake in the firm. He would even underwrite bank loans, backed by Coca-Cola stock, for his responsible depositors to encourage people to acquire equity. + +Coca-Cola Stock SharesCoca-Cola had gone public at $40 per share but a conflict with the sugar industry and its bottlers resulted in a 50% crash shortly thereafter, when it reached $19 per share. Focusing on the bottom-line profits, and the power of the brand, Pat Munroe kept buying. And he kept telling everyone else to buy, too. + +That one observation, and Mr. Pat’s business skills in convincing others to buy assets that produced cash irrespective of short-term market fluctuations, not only changed lives, it saved the farm town during the Great Depression as the local economy was supported by Coca-Cola dividends. It has also supported the town in “every recession since”, according to the man who now runs the trust department in the bank that was once headed by Munroe. + +When crops fail, it was the Coca-Cola cash that kept people employed. When the national economy collapsed, it was the Coca-Cola cash that allowed people to stay in their homes. When times were good, and Coke was cheap, more shares were purchased. + +Quincy became the richest town per capita in the entire United States at the time. At least 67 appropriately dubbed “Coca-Cola millionaires” amassed significant fortunes before passing those fortunes on to their children and grandchildren, in some cases through outright gifts and in other cases through the use of trust funds. The bank where it all started has Coca-Cola on display and, as of four years ago, a staggering 65% of the trust assets under management are still invested in Coke stock. (Coke has had a nice run since then as profits increased and the world recovered from the crash in 2009, so I’d imagine it is even greater today, all else being equal.) + +# A single share with dividends reinvested is worth $10,000,000 in 2013. It would be gushing $270,000 in pre-tax cash dividends to the owner by sending a check for $67,500 or so in March, June, September, and November of each year. + +One share. One. Had great-grandma and great-grandpa picked up a round lot of 100 shares for $1,900 to $4,000 depending on the purchase price, they’d be sitting on a billion dollars, excluding the effects of estate taxes. (To see those kinds of returns, take a look at the old Sun Trust Bank annual reports. The bank received $100,000 in Coca-Cola shares during the IPO for its part of the underwriting deal and kept the stock in the vault for generations. It grew into billions upon billions of dollars, gushing out tens of millions of dollars a year in dividends that supported the bank’s balance sheet.) + +Quincy, Florida, and Pat Munroe, are one of my favorite case studies. It was a group of people who decided to ignore the stock market entirely and focus on the one metric that matters: The profit generated by the business, and to a lesser extent, the percentage of that profit that was received each year in the form of dividends. +I love hype more than anyone but don't forget the most important thing is to juts buy and hodl. That's it. July 14 is just a regular trading day. This one is getting a little too much hype and speculative dd. We know nothing but buy and hodl. No official announcements have been made so please don't be disappointed if nothing happens at all my fellow apes. Buy and hodl. +🦍❤️🦍🚀🚀🚀 +# Come witness a revolutionary DeFi alliance built by 4 strong honest projects in the BSC network! ♾🔴🐷⚔️🚮♾ + +**TheCollective**: https://www.thecollectivecoin.co/ + +**PiggyBankToken**: [https://piggybanktoken.com](https://piggybanktoken.com/) + +**GallantToken**: https://www.gallanttoken.com/ + +**UselessToken**: https://uselesstoken.org/ + +*(Preview of The Collective Marketplace and creator shop coming soon. Beta platform slated to release mid-Fall.)* + +**The Collective i**s the future home of one of the first crypto decentralized freelance marketplaces bringing together artists, developers, marketers, and other providers of various products and services, while providing their prospective clients a safe and secure means to do business. + + 🪙$TCC is a community driven Defi coin and will be the official currency of The Collective. The coin will be the main currency on the marketplace 🪙 + +**🔥Special BURN SYSTEM** + +After every trade occurs 5% of the transaction will be burned forever into a burn wallet that is locked away. This will decrease the total supply and increase the value of the coin. + +**Contract address:** 0xf8418d0a7f30bb899639b232f9748c0f1fa87870 + +**Buy $TCC here:** https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf8418d0a7f30bb899639b232f9748c0f1fa87870 + +**Audited** \- https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract\_Audit\_Solidproof\_TheCollectiveCoin\_V3.pdf + +**Listed on CoinGecko now** \- https://www.coingecko.com/en/coins/the-collective-coin + +**Whitepaper**: https://www.thecollectivecoin.co/whitepaper AMA video on **Youtube:** https://www.youtube.com/watch?v=LpfEsmKs1Q0 + +All Social Platforms: + +**Website**: https://www.thecollectivecoin.co/ + +**Discord**: https://discord.gg/collective + +**Telegram**: https://t.me/thecollectivecoin + +**Twitter**: https://twitter.com/CollectiveCoin\_ + +**Reddit**: /r/CollectiveCoin  +I have 100 shares of SOS and don't really care for the company. Longest leap available would be a Jan 20 2023 $4.50 LEAP for a premium of $1.92. Don't care if shares get called away. Would that make the most sense to "get rid of" the shares or should I sell an even deeper ITM call? + +EDIT: SOS shares were acquired for a purchase price of $4.885 on 3/30/2021 + +EDIT2: I sold a CC of 04/30/2021 at a $5 strike for $15 - $0.65 commission for $14.35 total premium. WEWLAD. I guess I will repeat selling weeklies one or two strikes OTM. I guess I'm retarded and am doing what I should actually be doing at thetagang. +So this week might be the end for now to my trading career. I have TQQQ calls that expire this week and as we saw this afternoon, we dove hard. + +At the moment I’m still holding onto them to salvage what I can but I’ve essentially hit about $400 left in my account. + +To put into context, I’ve been trading for almost a year now starting in September of 2019. I had plenty of success going up and even success on the way down after the covid crash in March. I started out with about 7k in September. My TOS account peaked a little over 90k by April 2020. That’s when I slowly started losing hard + +Fast forward to July and now I’m down to $400 and the past day and weekend I’ve been sick mentally. Like I actually want to feel like throwing up. I want to know how can I cope with these losses mentally. Although my initial principle is money I was willing to lose, the idea of Kinda getting out the game and the fact that I lost 99% of my portfolio is hard to swallow. + +I’m not looking for sympathy because I knew the risk when I started. But I want to know how to mentally reset or ease myself. +I've been homeless, a combination of real homeless, and crashing on couches homeless, for about two years, in that time my drivers license expired, and my birth certificate and social security card were stolen (along with other stuff). I have court fees related to my car which is now gone, and my license even if valid is suspended. I just got a job and am looking to get myself together, but all this bureaucracy, I don't even know where to start. It seems like to get any ID you have to already have ID. I feel stuck in a hole I can't get out of. + +Edit: Thanks for the help guys. I ordered my birth certificate and will get my social security card when I can. I'm staying at a friends for now. I'm in NY if that helps. It really means a lot that there are people out there willing to help and give advice. +I never thought of owning a house, but I suppose I could make money as a landlord. Up until now (I'm 45) I have been living in rented apartments, always with, at least, a few other people (shared kitchen and bathroom). If I decide to take my landlord's recommendation, and speak to a real estate agent in regards to buying, what kind of questions should I ask? Thanks. +I graduated from university back in 2014, and a 2-bed house in my town cost about £160k. Now in 2021, the same type of house is selling for £245k. In that time, I’ve saved up about £50k (which I thought wasn’t too bad!), and my salary is about £4k higher than my graduation salary (but WFH means monthly income is about £300 more now). + + +It feels like it’s just as far away as it was back then, and the concept of ‘saving for a house’ feels more like sitting on an old, sinking rowing boat, trying to patch up constant holes as they appear. It doesn’t feel like I’m saving for a house - it feels like I’m trying to stay afloat until I gain a significant salary increase. + +I’m not saying it’s pointless, because if I didn’t save money then buying a house would already be an impossibility. Or maybe this is what the term ‘property ladder’ really means? +Mod team. If we have been promised anything since the formation of this sub, it is transparency. So why, every time there is something happening within the mod team, you all act like you are sworn to secrecy? + +From Pink’s post today, it seems clear that she does not feel free to talk about an incident involving the mods. + +My inferred understanding of this incident (through re-reading her post) is that Pink had concerns about another mod possibly having become compromised. She took those concerns to the mod team and was met with dis-respect if not open threats. + +She is now stepping back because of that pressure. + +Fuck that noise. You are OUR mod team and I am assuming that you have put procedures in place for whistleblowing. Here is what I want: + +1. Superstonks written policy and procedure on whistleblowing, including protective mesures for whistleblowers. + +2. Superstonks written policy on hearing about, suspecting or recognizing a corrupted Mod and a timeline on how they will be dealt with. + +Seriously, this is no fucking joke. Show us your professionalism and transparency. + +Edit: I am being accused of being a shill, spreading FUD, gotten a few more suicide prevention reports and a zillion downvotes. It’s all good. We’ll get transparency or more crafted “press release” style answers and whichever we get, I will be holding my GME until I can smell the cosmos from my driver-side window. + +Edit 2: Comments are being deleted faster than I can respond. I logged every comment made and the ones that agree with a need for transparency are disappearing. If you have commented and then had it deleted, please message me. + +Edit 3: To whoever is awarding me “Snek” awards twice a second… thanks for spending your money here and not on shorts! +I'm kinda confused. I guess I should report and close the other cards, but... will closing them affect my credit score? *Should* I close them? And why would someone do this anyways? Or could I be mistaken about this being identity theft? + +EDIT: After finding out that they were authorized accounts, we noticed that my birth mother's address was listed on the report, so I took a shot and contacted her, and... https://i.imgur.com/2wnKQub.jpg + +Thanks for the help, y'all. Go hug your moms. +Ok guys I've been investing for awhile, Im not the most wrinkle brain but I've got a few... I've invested in long term value stock, dividend stocks, but my favorite type (before I YOLO'ed it all in Gamestop) was the sub-penny stocks... + +(Please hang in there while I explain the opposite of GME) + + For all you smooth brain apes out there a sub-penny stock trades between .0001 and .0009 and you have the oppertunity to make alot of money.. (well what I thought was alot, before I realized the potential of GME) Let's say you buy 1,000,000 shares of a company at +.0001 for 1000$ and 2 days later you sell that stock for +.0004. Guess what? you just made 3000 dollers. Pretty good huh... + + + Well now your feeling pretty fucking good about what you just did... so you take all those tendies and confidence, and you wolf of wallstreet that shit into a cool million shares of another company at .0004 ($4000) then the next day it goes down 0003.. fuck, 0002, 0001. And you keep holding it..... you think it's going to go back up but it doesn't... Eventually you have had enough. You think ahh fuck, whatever, I'll just sell it at .0001 and get out with my initial investment, right? + +(HA HA HA!! fuck no!) + + Why not? Well sometimes with these types of stocks they go into what's called a no bid.... and that's when you are the bag holder in every sence of the word. You can put a sell order in at .0001 but it will not execute. Why? Because nobody wants to buy it.... Believe me I put a good till closed limit order in on one and that expired I did that 4 times before it finally sold... It took years BTW..... + +(This is where Gamestop comes in and why it has almost unlimited potential if you HODL) + + I was snacking on a box of 96 today and had an Apepiffiny... What happens when they need to buy but nobody is selling... + + So, as all apes know by now, gamestop is shorted.... A Fuckton... 200% 300% 400% 1000% who knows? We will find out soon, either way.... The shorts MUST cover!! + + And this being the case, along with a new breed of traders (Apes with 💎✋).. The likes of which the market has never seen before.... Will put us in a unique situation that I don't believe has ever occured..... + +In walks..... THE NO ASK!!!! + + The Bid during the MOASS will just keep rising to the next ask .... 10,000 shares at 1000... Then 20,000 shares at 2000... So on and so forth till all the paper hands have folded. All that's left is a huge army of great 💎✋🦍... And all of the sudden, the ask is blank.... The last traded price is there. The shorts still need to cover so the Bid starts rising... above the last traded price, still the ask is blank... It keeps going and going and going until one of us apes decides, well that seems like a fair price for 10 shares. $20,000,000$ done... Ape sell 10.. his account has 200,000,000$. GME Price goes to 20,000,000 stock goes to no ask again, bid rises untill another ape decides to sell, 25mil, 30mil, 32mil, 40mil.. Untill all the shorts have covered + + I'm not positive, but I don't believe volume will matter during the MOASS. The Bid will simply rise to the next ask and the shares will be bought... towards the end.. when the only shares left to cover are owned by Apes... I hope we all get to witness fellow apes HODLing.. with the No Ask... + + I have only a few wrinkles and I'm not a financial advisor... Just a guy who has experienced the opposite of the situation we are currently in... + +And my Tits are jacked.... +My husband and I just bought a new house with the dream that we will retire in it. + +When we were house shopping, many houses had features we wanted but didnt have: at least one primary bedroom on main floor, sauna, hot tub, pool, no back neighbors, etc. Since we weren’t able to find a house with all these features, we chose lot over house features and are now in the process of finding contractors etc. This makes me want to ask: What house features do you consider essential? I’m interested in things large (like a pool) and small (like a kitchen feature since we are remodeling the kitchen). Thanks! +Hi all, here is a brief summary of my situation: + +- I am 29 years old with dual citizenship EU / Israel +- I live and work in Germany (my EU citizenship is from another country, but I am a tax resident of Germany) +- I make about 7,000 EUR gross / 4,000 EUR net monthly, and since corona started I've been saving almost 100% of my salary (living with family) +- So I now have 90,000 EUR just sitting in my bank, uninvested, with 4,000 EUR added every month + +The main thing that has been stopping me from investing thus far is that I don't really speak German and I wanted to avoid bureaucracy (e.g., having to file taxes in German, which I currently don't have to do since it's deducted from my salary automatically). But I want to start putting my money to work, so that's why I'm here! I've been doing research for a couple of months now and I think I'm ready. + +--- + +This is my current plan: (please, let me know if you have any suggestions or comments) + +- I will put an initial 10k in Vanguard VWCE (using DEGIRO) + monthly 2k purchase of VWCE +- The rest (80k + remaining monthly 2k) will be saved to put a down payment on a house in Israel in a couple of years for investment (I will need about 120k EUR saved, maybe a bit less) +- That's basically it. I just want to keep it simple. Does this make sense, or am I playing it too safe? I currently have practically 0 expenses, so I'm open for more aggressive suggestions. + +--- + +One big uncertainty for me is tax. This is my understanding of how it's going to play out: (please let me know if you have any insights here, or if I got something wrong) + +- My understanding is that DEGIRO will not file/deduct any taxes for me, it is my responsibility +- First, I will find an English-speaking Steuerberater - a tax advisor who will file taxes on my behalf +- Once a year, DEGIRO will send me some sort of document detailing my gains from dividends for that year +- I will forward that document to the tax advisor, who will file all the necessary paperwork and tell me how much money I should transfer to the tax authorities. +- That's it, I think? Did I get it right? + +Thanks in advance for the help! Happy to hear any comments, suggestions, personal experience, etc. See ya~ + +--- + +EDIT: Thank you everyone for the super helpful answers! I really appreciate the help. Most of the comments were about the tax topic, but I was wondering if anyone can comment on my investment plan? Does it make sense to continue sitting on 80k EUR (+2k every month) for the next couple of years? Or should I invest most of it (70k) in the short-term and then sell when I'm ready to buy the house? +I have a bunch of intraday data from IBKR, and upon inspection, there are some issues. (see example below) How do you screen your data for anomalies like this? + + SYM date time open close high low + GMVD 20210127 09:30:00 196.425 2.675 196.425 2.675 + GMVD 20210127 09:31:00 2.675 2.675 2.675 2.675 + GMVD 20210127 09:32:00 2.675 2.675 2.675 2.675 + GMVD 20210127 09:33:00 2.675 2.675 2.675 2.675 +&#x200B; + +[ Pin-ception: When there is just too much important stuff that needs to be seen. ](https://i.redd.it/js9xj6eqeye71.gif) + +# 🚨 = New + +&#x200B; + +[ New here? Start with these: ](https://preview.redd.it/dbsjter1fye71.png?width=1895&format=png&auto=webp&s=8aba7975660e1d97d57a13042403b7f235a8fc1b) + +🚨 [**A Non-Exhaustive New User Intro to GME**](https://www.reddit.com/r/Superstonk/comments/p4aa7o/a_nonexhaustive_new_user_intro_to_gme_pinception/) + +[**Rules - Superstonk's rules, please read before submitting content to Superstonk**](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +[**FAQ - Foundational knowledge for the GME Saga**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +&#x200B; + +[ Important announcements from the mods: ](https://preview.redd.it/84oilnc6fye71.jpg?width=1895&format=pjpg&auto=webp&s=64dfc307f3d509af03da5491aff6cf28c3461eea) + +**Karma Requirements -** + +As many of you know our sub's Karma requirements are quite strict; too Strict, many would say. We are constantly evaluating the risk/ reward of lowering the requirements so stay tuned for updates. **The submission requirements are currently as follows:** + +Posts: 4800 Karma / 240 Days | Comments: 1200 Karma / 120 Days + +🚨 **Superstonk Awards Contest** **- Closed, winners to be announced ASAP (Sorry for the delay, I took some much needed time off - B\_T)** + +https://preview.redd.it/9dufumklfye71.png?width=1895&format=png&auto=webp&s=6c10f6c01f6075acb13e1a44eaa2cd4fa1b2a179 + +**The Puzzle Pieces of Quarterly Movements -** u/Criand + +[https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3) + +🚨 [Daily Stonk August 31st](https://www.reddit.com/r/Superstonk/comments/pf3g38/the_daily_stonk_31_aug_2021/) \- [u/Blazlyn](https://www.reddit.com/user/Blazlyn/) + +Keep up to date on the latest GME saga news. This day, brought to you by Blazlyn + +[**Quanting a SeptemBRRRRRR to RememBRRRRRR**](https://www.reddit.com/r/Superstonk/comments/pdqncw/quanting_a_septembrrrrrr_to_remembrrrrrr/) \- u/MyPlayProfile"I will be connecting some dots, both new and old, providing detailed quantitative analysis, speculating on what I believe happens next with the GME stonk and explaining why and how I have put money at risk on that speculation" + +[**So you need a little confirmation Bias**](https://www.reddit.com/r/Superstonk/comments/ox2r2o/so_you_need_a_little_confirmation_bias_its_been_a/) **-** u/anonfthehfs + +"Keep Strong. Apes are right. You are sitting on a winning lotto ticket. The numbers have been drawn and you won..... Now everyone is trying to convince you that you didn't; just so you don't collect your winnings. They are throwing every obstacle in your way but you hold that winning ticket. The price of the stock and their manipulation can only last so long.......and at the end of the day if you held.... you will change your family's life!" + +[**Guides for routing through IEX**](https://www.reddit.com/r/Superstonk/comments/p2ewq9/a_brokers_guide_to_iex_routing_including_how_tos/?utm_medium=android_app&utm_source=share) \- [u/HelloYouBeautiful](https://www.reddit.com/user/HelloYouBeautiful/) + +"The goal is to compile a list of brokers who do IEX routing, along with a link to some DD which shows how to route your trades through IEX with each listed broker. " + +&#x200B; + +[ ](https://preview.redd.it/pwgktespfye71.png?width=1895&format=png&auto=webp&s=371cdc8de323752306c0bef5997f2534671487a7) + +[**God Tier DD - Compilation of Important DD of the past**](https://www.reddit.com/r/Superstonk/) \- u/jsmar18 + +[https://www.reddit.com/r/Superstonk/comments/p4aa7o/a\_nonexhaustive\_new\_user\_intro\_to\_gme\_pinception/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/p4aa7o/a_nonexhaustive_new_user_intro_to_gme_pinception/?utm_source=share&utm_medium=web2x&context=3) + +[**Tools of the Trade**](https://www.reddit.com/r/Superstonk/comments/p1q4kv/tools_of_the_trade_pinception/) **-** u/jsmar18 + +"Welcome to tools of the trade, where you can find all the handy links you need to do your research, find previous DD and more. + +This will be a living post and updated regularly with your recommendations and feedback" + +[**The GME Masters Guide**](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_source=share&utm_medium=web2x&context=3) \- [u/Blanderson\_Snooper](https://www.reddit.com/u/Blanderson_Snooper/) + +"TL;DR: A chronologically and topically organized guide to the DD that explains the situation at hand and the history of the Apes' contributions to one another. This can be used to quickly get new Apes up to speed, or to confidently shoot down FUD and leave evidence for those who find the comments and posts later." + +[**Gamestop.com - For all your shopping needs**](https://www.gamestop.com/) + +[**GameStop Corporate - News, Info, Filings, etc.**](https://news.gamestop.com/) + +&#x200B; +And this looks to be no different. These companies have competitive advantages in the marketplace, close to the level of a Monopoly. + +And to be clear, we are talking about Apple, Google, Microsoft, Amazon, and Meta. + +Fortunes favor the bold. Stay thirsty my friends. +A couple of weeks ago someone made a post that grinds my gears a bit. I'm not opposed to posts where people mention their milestones or progress, in fact I generally like them. The problem is that someone inevitably asks what kind of work the person does and how they got into that line of work. Far too often the response is very cryptic and that bothers me a bit. While there are many people who have become financially independent and/or retired early while making a moderate income, it seems that most people who do it have pretty good incomes (combined with great saving habits, good decision making, in many cases supportive partners...). + +I think that one of the most helpful things we can do for each other is to talk about what we do for a living, how we got there, roughly how much we get paid and the region we live in. The truth is that a guy making 100k is far more likely to require early than a guy in the same city making the same decisions with a salary of 50k. + +I understand the desire to keep things private, but there are very few industries that are so niche that a post on reddit will instantly out you or lead to you suddenly having tons of competition. + +I propose that anyone willing post the following: + +* ballpark salary +* region, state, tri-state area or whatever you're comfortable posting so people have an idea of your areas cost of living +* what you do for a living +* how you got the job, career, occupation... +* any advice you have for others on breaking in + +I'd also ask that instead of saying "I'm a software engineer", please say something like "I'm a software engineer and my company makes software for railroads" or "I'm a software engineer at a finance company" + +Hopefully this will catch on because I think where to go career wise or when to move on because of better opportunities is one thing that hinders a lot of people's journey to financial independence (even if their definition of it has nothing to do with retiring early) +He is a piece of Garbage, but I do have lots of interesting experience regarding many whom are not garbage. I won't go into too many details given it won't be difficult to figure out who I am. I also became a teacher because of the ethical complications of that past job. Ask away. +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](http://bit.ly/2wHaMBm). + +*** + +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! +Warren Buffett is CEO of Berkshire Hathaway, but he bought his first stock when he was just 11.  According to Forbes, Warren Buffett is worth $82.5 billion, making him the third wealthiest individual alive behind his friend and co-founder of Microsoft, Bill Gates, and Jeff Bezos, founder of Amazon. + +“When a individual with cash meets an experienced individual, that individual with experience ends up with cash and that individual with cash leaves with experience.“.This was Warren Buffett’s response, when asked about his best investment advice. Warren Buffett says that experience is the ultimate key to be a successful investor. + +One of Buffett’s most famous quotes is “Be fearful when others are greedy, and greedy when others are fearful.” + +Warren Buffett is considered to be one of the best long-term investor, so it’s no wonder many people like to listen closely to Buffett’s words of wisdom, in order to apply them to their own lives. With that in mind, here are Warren Buffett’s Investment Tips + +Warren Buffett’s Investment Tips + +Investing is long term Game + +Money doesn’t grow overnight, by getting nine women pregnant you can’t make a child in a month. No matter how good the talent or attempts are, Warren Buffett is just saying some things take time. + +Investment planning should be done by considering long term goal. Investor goes for futures and options with the hope of making quick money but they are actually the one who loses more money. + +Warren Buffett never did trading (Intraday or Positional). Warren Buffett also says “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for ten minutes.” + +Diversification isn’t always a good idea + +Many good investors says diversification is good idea for investment in stock market. But Warren Buffett tends to disagree with the idea. + +Warren Buffett suggests diversification is for individuals who have little knowledge of investment. An experienced investor should select long-term stocks and have confidence in their investments. + +“Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.” – Warren Buffett + +Some investors diversify their portfolios because they are afraid that any one stock might sink their entire portfolio; but, while doing so, it becomes much harder to keep focus on individual investments. They may decrease their portfolio’s volatility by diversifying, but at the same moment decrease their focus on individual investments. + +Excessive diversification also means that a portfolio is likely invested in a number of businesses, diluting the impact from its high quality holdings. + +“The idea of excessive diversification is madness.” – Charlie Munger + +Don’t invest in a company whose business you don’t understand + +This is one of the most important Warren Buffett’s Investment Tips. People invest their hard earn money just by hearing something good about the particular company from others. You can determine if there will be any related economic issues in the future by knowing the company. In the stock market, there are many firms whose company can be understood by any ordinary individual. Buffett warns you should never invest in companies you don’t comprehend completely. + +Trust yourself to be a successful investor + +Warren Buffett says that the hardest thing is to trust your investment decisions. You always think that others are right and you are wrong. Instead, you need to study and believe in yourself. + +“I always knew I was going to be reach. I don’t think I doubted for a minute”- Warren Buffett + +To be successful, you need to overcome the fear and not pay attention to what others are telling you. Accumulate understanding and create investment choices to stand apart from the crown and be a winner on your own. + +Think like an owner + +Warren Buffett always says in his interview, you have to thinking like an owner changes your whole views on stock investing.  Warren Buffett says if you are going to own a new car/bike, you will think about its fair valuation, you will think about its features and you will compare it with cars/bike offered by other manufacturers from the same segment. Then you’ll decide which one to purchase after reviewing everything. Similarly, stocks should have the same view. + +Prefer quality stocks than cheap stocks + +A lot of people buy stocks just because they are cheap without understanding that cheap is not always better. Charlie Munger’s Buffett discovered that “buying a great company at a fair price is far better than buying a fair company at a great cost.” Chances of losing money in cheap stocks are very high compared to investment in a fairly valued stock + +There’s no room to be emotional + +“Some individuals are not supposed to own stocks at all because they are too annoyed by price changes. If you’re going to do stupid things because your inventory is going down, you shouldn’t own a stock at all, “Warren Buffett said during a cnbc interview. Some people aren’t really mentally or psychologically fit for their own stock, but I believe more of them would be,” Buffett said if they were more informed about what they’re actually purchasing, which is component of a company +41 and 35 couple. LCOL area. Spend without really economizing much is 60k. Tracked via mint the last 10 months. This includes a luxurious (IMO) 15k vacation budget. + +Taxes are due so I’ve been looking at the numbers. We make significant money and invest a lot in real estate. It makes the numbers a little murky day to day. Lots of pass through money. + +I’m not a weekly or monthly spreadsheet tracker. I’m not even particularly organized. I mostly operate by rough estimates, gut feelings and spot checks. I probably don’t fit in here. + +We are refinancing a chunk of our rental portfolio and the values have gone up according to fresh appraisals. A lot. We applied significant leverage at a good time and won the housing market timing lotto. We doubled down multiple times and did very well. + +The portfolio equity + retirement accounts + cash is now conservatively 1.5 million. The 4% rule says we could sell and coast on index funds. But transaction costs and capital gains would probably net us 1.1, so not quite. + +Then we analyzed cash flow. I haven’t used my paycheck for living expenses in 18 months. This is a good sign. After a round of refinancing the rentals will cash flow roughly 4000 a month. My rockstar real estate agent partner could sell the 3 houses a year to cover the gap in her sleep. She currently sells 30+. + +But...I have a lot of excuses. I like my job,mostly. I kinda want more than the minimum. It will take some time to exit gracefully. I’m scared. I still have youngish kids. +So tonight we set a new bar. I’m writing it down so it doesn’t creep too much. + +OLD BAR: +17 units. $200 cash flow per unit. 1 million net worth. Work to 55 for pension. Annual income at retirement about 60k, rising rapidly as units are paid off, reaching 150k at 70. + +NEW BAR: +5000 a month cash flow from rentals verified by 9 months of clean book keeping. +2 units paid off. (This should boost cash flow a fair amount) + +2 years expenses in cash + +1.5 million net worth after transaction costs etc. call it 1.9 in all portfolios. + +Finish renovations on our house and new roofs on 10 units. + +Expected time frame: 1.5 years if the market cooperates. + + +Motivation: watching my grandparents fade away and seeing their best years are gone. At age 85 they live happily on 25k because they mostly watch TV and tend their lawn. Having 100k annually doesn’t make strokes less grim or restore grandma’s mind. It can’t ease the pain in joints or restore strength and balance. + +It is probably better to go do things I want now and spend time with my kids while I can and not pad the accounts too much more. + +Wish us luck the next 18 months. +Paywall removed: +https://12ft.io/proxy?q=https%3A%2F%2Fwww.afr.com%2Fpolitics%2Ffederal%2Fdaniel-andrews-will-pay-a-quarter-of-your-next-house-price-20221022-p5brxw +I constantly finding myself refreshing stock prices multiple times throughout the day which wastes a lot of time. How often do you guys check your portfolio and any advice that helps you limit the time obsessing over daily stock prices? If it helps I am a long term investor not day trading. Thanks! +Why???? **Because they can't have a 10 million billionaires.** + +Warren Buffet quotes and my responses: + +&#x200B; + +# “Our favorite holding period is forever.” + +&#x200B; + +* *Buy, DRS, Hold.* + +&#x200B; + +&#x200B; + +# "If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes." + +&#x200B; + +* *I just like the stock. It's been a fun year so far. I mostly hung out with a bunch of like-minded folks who like the same stock I do. I wonder how much Kenneth Griffin, Citadel CEO, who lied under oath, will age in the next 9 years? Truthfully, it's been pretty easy on me considering I haven't had any margin calls, I haven't had to shut down any hedge fund departments in my house, and I am not among the most hated group of individuals on earth (although MSM says otherwise). I wonder if Warren Buffet believes you should never go short on a stock you aren't willing to go short on for the next 10 years?* + +&#x200B; + +&#x200B; + +# “The most important quality for an investor is temperament, not intellect.” + +&#x200B; + +* *Dumb money.* + +&#x200B; + +&#x200B; + +# "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." + +&#x200B; + +* *They already know we buy, DRS, and hold. The proof is in* ***D****r.* ***R****uth's* ***S****ex for dummies and the GME earnings reports. No matter the price action, everything that scares normal investors,* ***hasn't worked on us.*** *So what happens when they can't make a certain group of investors fearful? It breaks them. They've never seen this before, EVER. Retail is the whale. This is why we have a huge MSM backlash. The whale can't keep gobbling up more shares, can't get bigger, can't keep growing. Day in and day out you can see MSM telling the world how dumb you are, how wrong you are, how you are going to lose your life savings. One day they say most of retail is selling (as DRS goes up) and the rest of us should too! The next day we watch cocaine rants from ex hedge fund TV personalities about how we are so dumb that we didn't sell when all the signs said sell. So which one is it? Are we selling or are we too dumb to sell? It seems like MSM is* ***fearful*** *of you....so be greedy.* + +&#x200B; + +&#x200B; + +# "Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value." + +&#x200B; + +* *GME is my savings account. Not investment advice, but* ***my*** *dollar is currently losing a % of it's value each month. I have been living check to check my whole adult life (saving maybe a few $100 a month, depending on if I bought my kids name brand cereal or the generic) and was conditioned and taught to hold onto my depreciating money for dear life, under a mattress or in a bank account. Meanwhile, banks and Wall Street have used our savings to make trillions. With that said, I'm used to holding onto shit that loses value, it's all I've ever done. Now you want me to be scared?* + +&#x200B; + +&#x200B; + +# “When trillions of dollars are managed by Wall Streeters charging high fees, it will usually be the managers who reap outsized profits, not the clients.” + +&#x200B; + +* ... see above. This is where they want us to keep our money. + +&#x200B; + +&#x200B; + +&#x200B; + +# "The stock market is a device for transferring money from the impatient to the patient." + +&#x200B; + +* *BUY, DRS, HOLD.* + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I posted this a few months ago and find it interesting after seeing that video about Meme stock holders being the problem, because they do not know when to stop holding.... + +&#x200B; + +https://reddit.com/link/ulu87q/video/wlx36dxg1hy81/player +When COVID hit, markets around the world rewarded digital stocks disproportionately since these companies benefited most from people staying at home. + +My rationale is that as lockdowns keep getting lifted and people go out again, companies whose businesses rely on people going out will see successively better financial performance every quarter and will be rewarded by the market - Travel and Entertainment should see the biggest impact of this. + +EIH hotels (i.e. Oberoi Hotels Group): Was consistently traded in the 170-180 range right upto the start of 2020. Hit a low of 60 in May 2020 and is now nearing 100 which is still at 80% discount to pre-COVID. Current P/B ratio is 1.9 so seems undervalued relative to other hotel companies. Pre-COVID qtr revenues were 400-500 Cr with pre-tax profits crossing 100Cr every Dec quarter (this is the peak time for travel - Diwali, Christmas, New Year etc.). This Dec Qtr they clocked 194Cr Rev and made a loss of 55Cr. They have taken on some debt in the last quarter but D/E is still 10% and assuming that revenue keeps recovering this year, the interest bill will be very comfortably covered. I expect that there will be Q on Q revenue recovery and by Dec 2021 they should be showing massive growth in revenue and profits over Dec 2020. More anecdotally, they have great properties and are well known as one of the top luxury hotel brands in India with good balance sheet strength. I got into this stock at ~92 and see a solid upside. + +Any counter perspective? Do you guys agree? +something something watermelon banana pineapple +(pick your fruit, pick your orifice) +Calling it now, NEXT rc tweet is "the one" "killshot" and MOASS will ensue within 7 days of said tweet. + + +FRUIT FRUIT FRUIT FRUIT FRUIT FRUIT FRUIT FRUIT + + + +**I WILL ~~DEEP THROAT AND~~ SEDUCTIVELY EAT* A 24k GOLD DIPPED BANANA (Minimum 6" banana) IF I'M WRONG.** + + +*Due to all of your potential health concerns. Apes need to stay safe. +My current strategy has been putting everything into growth stocks (mostly VOO) for 10 years or so and then after it's grown over the long term, sell it and then hopefully by then I can buy enough dividend stocks to have a nice source of passive income. + +Is this a good strategy? Any things to consider? Any strategies when selling the growth stocks for tax purposes? +Hey. I’ve noticed the love for SCHD is really strong in the subreddit. I was just curious how SCHD is any different than VUG or QQQ. I understand SCHD has different holdings, but why else is this etf so loved? Is it the yield mainly? Will this etf have a share price of $300-$400 5 years down the road similar to QQQ and VUG? And why am I just now hearing about SCHD. I feel like it wasn’t really talked about back in 2017,2018, or 2019. Every time someone mentioned an etf to me back then it was always QQQ. +Hi all I’ve noticed banks allow you up to £85,000 guaranteed if they ever lose your money. I was wondering how important it is to diversify money if it’s over 85k. Has anyone in the last few decades ever randomly lost money in a uk bank +After a few...especially trying...interactions with unhappy ban recipients today, I thought it would be fun to share a little info on what moderators do to keep this place clean. :) + +The forex industry is full of shady characters. Any industry sitting on the intersection of financial independence, work, and money, is bound to attract them. *There are many reasons for this; the lower barrier to entry compared to other markets, the lack of public knowledge on the subject, and greedy human nature to name a few.* + +Moderating a subreddit dedicated to forex (or anything trading realted for that matter,) presents extra challenges beyond your regular sub. Marketers and scammers are super motivated, and MLM / referral marketing is extremely popular right now, which can turn everyday regular users into sources of spam. + +How we currently tackle this problem involves technology (scripts, bots, and automod,) a mod review workflow, and some smart sleuthing when needed. + +The mod team and our scripts aren't perfect though... but the few false positives we get are a very, very small fraction of all mod actions taken (\~1%.) Unfortunately, that means some otherwise sincere members get handled roughly, and that can really suck.. I wish there was a better way, but the alternative is this place becomes a wild west and starts looking like your gmail spam folder. + +That said, here's my personal stats for **JUST** the last 24 hours: + +* [Bans: **14**](https://i.imgur.com/AC9lcvq.png) *\[edit:* [**16 now**](https://i.imgur.com/CWTkTnX.png) *before day's end, two more responding to a 'where can I learn how to trade' post.\]* +* All mod actions (including bans, post and comment removal, etc..): **63** +* Ban appeals: **2** + +And I'm just *one* of the mods. . . + +So what scammer and marketing trends are we seeing lately? + +* **Content marketing -** Infographics with instagram handles watermarked in them, or a blog-like post with a embedded links to their own site. +* **Personal/direct selling -** trying to move the conversation out of public view, usually by taking things to DM, or promoting a 3rd party chatroom where the rules here no longer apply. +* **Shills -** Fake accounts used to boost the credit of another user, or service. It's no coincidence that a user asking about 'ULRA PRO SIGNALZ' will quickly have 5+ replies by low karma, new users, saying how great the service is. *\[edit:* [*here's an example I just caught..*](https://i.imgur.com/H8ylQd5.png)*\]* +* **Fake P/L Porn -** We see this quite often. It's easy to fake MT4 account statements and MT4 Mobile screenshots, and new users can't tell the difference so these posts will get a lot of undeserved attention. When people ask how OP made such mad cash, a sales pitch is usually coming right up. + +Honestly, it can be really frustrating at times.. luckily the scripts we have in place make weeding out \~80% of these jokers quite easy and quick. *Heck, we had one scammer who blew through 12+ accounts over the last few days trying to scam people but none of their posts ever saw the light of day thanks to the spam triggers I've written.* + +What motivates the mod team to keep this place clean? That's an easy answer: The majority of users here are new to trading. Making sure they aren't food for the wolves is important. + +But even with all the measures we take, some bad actors still get through. + +So here's where you can help: **Use the report button!** Anytime you see something that you think fits the descriptions listed above, or violates our sidebar rules, just report it. Even if you're not 100% sure, don't be afraid to use the report tool.. The worst thing that can happen is the mod team reviews and approves it, but the best outcome is you directly help keep this place clean and humming! :) + +And the mod team is always looking to improve where it can: I've already talked about what we do to scrub away bad actors, but one place we could do better is education. The plan is to rewrite a good portion of the wiki to include the following sections: + +* Spotting scams and scammers +* How to properly compare brokers and regulatory bodies +* The real reason why your old high school friend wants you to sign up to IML, and 10 ways to politely tell him to pound sand +* No, that hot instagram model won't sleep with you if you buy her online course +* Why all signal services are trash and can die in a fire + +*(Titles above are a work in progress ;P)* + +Are you a good writer and want to help out with this? Think you can write up a killer wiki article on spotting scam artists? Message the mods and let us know! + +Finally, a reminder, we are still interested in taking on more moderators and will be revisiting that very shortly. If you'd be interested, read through this post and reply accordingly: [https://www.reddit.com/r/Forex/comments/h7ok6k/seeking\_more\_mods\_recruitment\_thread/](https://www.reddit.com/r/Forex/comments/h7ok6k/seeking_more_mods_recruitment_thread/) +So earlier this week I sold some individual stock off for a fairly substantial gain, it was an oil stock that has fared well this year against the rest of the market. It wasn't my biggest holding when I had originally bought it but it had ballooned to be an outsized portion of my taxable brokerage account due to how well it had performed in the years since I had bought it. + +My original plan was to re-invest that money back into S&P tracking funds over the next few months and save some extra cash for the capital gains hit I'll face next year. Instead, I did something a bit reckless for me this week and threw a good portion of this money into a growth stock that has been very beat up this year, down almost 70% from the 1-year high. I believe in this company and have done my research but it still feels like one of the bigger risks I've ever taken. It has a very high upside benefit if it plays out in my favor in the next few years, potentially reducing my FIRE countdown a few years if it even makes it back to its all-time high. + +Anyways, that leads me to this question for everyone else: what is the biggest financial risk you have ever taken on, and did it help or hurt your FIRE goals? Considering I have yet to buy a home or get married, this is definitely mine so we will see how it plays out. +Finally, the yield curve has inverted. It’s something we were all expecting to happen ever since the Fed announced its rate hikes last month. The two-year yield settled in at 2.430% compared to the 2.374% yield of the 10-year U.S Treasury note last Thursday. This is the first time the two-year yield closed above the 10-year yield since 2019. Adding to this, the spread between [5-year and 30-year bonds inverted](https://www.bloomberg.com/news/articles/2022-03-28/treasury-slide-sees-5-30-spread-invert-for-first-time-since-2006) for the first time since 2006! An inverted yield curve is a very prominent indicator for predicting an upcoming recession. + +But, before we jump into the implications of the yield curve inversion, it’s important to understand what a yield curve is, how it predicts a recession, and what the previous data tells us. + +https://preview.redd.it/bu3pugvy0is81.png?width=500&format=png&auto=webp&s=e985edd7afffc4cb812239073c08bef5b2bde863 + +**What is the Yield Curve?** + +The yield curve is just a graph showing the relationship between the short-term and long-term interest rates of the U.S Treasury bond. The bond here is the promise between you and the U.S govt that says if you loan some money now (by buying the bond), they will give it back to you later with an added interest. + +https://preview.redd.it/jzej4we01is81.png?width=1272&format=png&auto=webp&s=20ea73ab9a79b2b59ce278860bfdecae9bf26440 + +The above chart shows how a normal yield curve would look. The simple logic here is that it’s riskier for you to buy a longer-term bond *(the future is uncertain because of all the unknowns, good and bad, that could happen over years of time)* and you are rewarded proportionally for taking the larger risk. For eg., you would get a significantly lower interest rate if you are investing for 1-year vs 20-year as it’s generally riskier to stash away your money for a longer time period. + +https://preview.redd.it/xxjaz9411is81.png?width=897&format=png&auto=webp&s=a69337c54556c499533e7da431ed0ed36b75beb8 + +But the yield curve is not always positive. If the long-term and the short-term rates get closer together, the yield curve become flat. Finally, if the short-term rates are higher than the long-term rates, the yield curve becomes inverted. + +The yield curve becomes inverted when a lot of people are worried about the short-term economy. In theory, you would demand a higher return for taking on a higher risk. So if the yield rate for a short-term bond is higher than a longer-term bond, it implies that investors are so worried about the short-term economic outlook (*i.e they think the present is much riskier than the future*) that they are willing to invest in a longer-term bond at a lower rate. + +**Where does the yield curve stand now?** + +https://i.redd.it/6buvv2k41is81.gif + +This excellent visualization by [Eeagli](https://www.eeagli.com/) shows how the yield curve has changed over the past 6 months. The yield curve hasn’t completely inverted yet, but still, it’s a cause for concern. + +https://preview.redd.it/0t4lmyp51is81.png?width=905&format=png&auto=webp&s=22f9521b277b4bf5c4f678f84d7f937fee7dbd8d + +The drastic difference that occurred in just the last year in the yield rates is visible in the above chart! Ideally, the yield rates are supposed to be in increasing order like it was in Apr 2021. Now the 2-year yield rate is more than the 10-year one and almost equal to the 30-year yield rate. + +**Does Yield Curve Inversion Predict a Recession?** + +The yield curve is considered one of the best signals that are currently available for predicting a recession. As per the research done by FRBSF, + +>*Every U.S. recession in the past 60 years was preceded by a negative term spread, that is, an inverted yield curve. Furthermore, a negative term spread was always followed by an economic slowdown and, except for one time, by a recession. -* [*FRBSF*](https://www.frbsf.org/economic-research/publications/economic-letter/2018/march/economic-forecasts-with-yield-curve/) + +https://preview.redd.it/s7oyvu971is81.png?width=578&format=png&auto=webp&s=9479357a888a4ef32f0af4b7586252a4afd8e07f + +While the above results are for the spread between 1 and 10-year rates (which is still positive now), research done on 2-year and 10-year spreads shows a similar trend. According to [Commonwealth Financial Network](https://www.kiplinger.com/investing/stocks/604484/inverted-yield-curve-stocks), the 10-and-2 yield curve has inverted 28 times since 1900, and in 22 of those instances, a recession has followed. + +While there is certainly statistical merit for yield curve in predicting a recession, where experts are conflicted is in the type of spread that should be used. There are various different spreads we can consider (3-month vs 10-year, 1-year vs 10-year, 2-year vs 10-year, etc.). All of these provide different probabilities and timelines for an upcoming recession. For example, if you consider the 3-month vs 10-year spread (positive as of now), it has predicted every recession with [100% accuracy](https://www.youtube.com/watch?v=DCQwiF0J7hw&ab_channel=CNBC) in the last 50 years. + +https://preview.redd.it/6gphtpg81is81.png?width=1272&format=png&auto=webp&s=d1e9c6bf2f2fa0e9783a3edae66694b0fd900299 + +**What’s the best thing to do now?** + +Given that, an inverted yield curve is a reliable indicator of a looming economic downturn, what should we do to best prepare our portfolios incase a recession hits. The worst thing you can do now is to panic - especially when the yield curve inverts. + +The problem is that even though yield curve inversion indicates a recession, it does so long before the actual recession hits. For eg, the tech bubble burst in Mar’01 but the yield curve had inverted almost 3 years before that (34 months to be exact). The same thing occurred again during the 2008 financial crisis when the yield curve inverted as early as 2005. + +According to research conducted by[ LPL Financial,](https://www.kiplinger.com/investing/stocks/604484/inverted-yield-curve-stocks) Yield curve inversion can be bullish for stocks, and the last four times the 2-and-10 yield curve inverted, the S&P 500 was up an average of 28.8% before it peaked! + +https://preview.redd.it/099pv1m91is81.png?width=836&format=png&auto=webp&s=ab2a46fed2da581a022e2183c1d8df97e040e156 + +Adding to this, I had done an [**extensive analysis**](https://marketsentiment.substack.com/p/recession-primer?utm_source=substack&utm_campaign=post_embed&utm_medium=web) on how the stock market performs during and following a recession. + +https://preview.redd.it/g8n1n0ba1is81.png?width=889&format=png&auto=webp&s=239cdedaf68ca0b1d800ed8a2daf127495e06a25 + +On average, the U.S recessions lasted only 10 months and the market returned a +1.7% in return. What is even more interesting is the market performance just following the recession. + +https://preview.redd.it/e4brta3b1is81.png?width=899&format=png&auto=webp&s=260627c7eb7e31e4d74fc215e905e4937b9d7c24 + +After the end of the recession, in just one year, you would have made money in 85% of the cases. And after 3 years, you would have been **in the green in 100% of the cases!** + +**Conclusion** + +Predicting future economic developments is a tricky business! There are 100’s of factors that are different than the last time, but an inverted yield curve is one of the most reliable predictors we have for accurately predicting a recession. + +But as we could see from the analysis, it takes a while for the economy to finally go into recession after the curve has been inverted and you will miss out on the gains till then if you stay out of the market. If you are feeling truly adventurous, you can always try keeping a certain portion of your portfolio out and try to buy the [inevitable dip.](https://marketsentiment.substack.com/p/is-waiting-for-a-dip-the-best-investment?s=w) + +For the rest of us, even if the recession hits, the best strategy is to stay invested and weather the storm. +California. Should I take the online lessons before the theory test or only the driving lessons after the learner's permit? I called a few insurance companies and they said I wouldn't get a discount, but I heard otherwise from anecdotes. Help me out. +I felt bad I was whining about working a job I didn't like and saving for something else when certain famous entrepreneurs claimed to have worked their entire 20s and never had a vacation. Delay gratification, that's the lesson and thought "yes, just work and it will pay off later." + +Now the devil is in the details and I realized a lot of these "work. Grind. Hustle" talks all came from people who were working for themselves, doing something they love, and having fun doing it. This advice does not work for workers. We don't want to work 80 hours a week for someone else's business, especially if it's not compensating us extremely well. + +Unless my job is something I love, and passionate about I won't go the extra mile (overtime, come in on day off, stay late). +For my Economics class I have to play some weird ASX game where you get a fake $50,000 dollars to trade over an ASX simulation for the next few weeks, any advice on what the hell to invest in? Any advice will be greatly appreciated. Thank you. + +&#x200B; + +Edit: thanks for all the good advice, I will invest now +Attention good folks of r/ASX_Bets + + +u/flemdiggitty has committed a grave offense against the throne, they have [posted](https://www.reddit.com/r/ASX_Bets/comments/yi016j/how_would_you_answer_this/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) the forbidden survey post. + + +Now, we haven’t had one for a while so let’s enjoy this Halloween with some ritualistic sacrifice by throwing this out to the mob because we all know there is no justice like angry mob justice.. + + +Pitchforks ready gang, decide this users fate below.. + +[View Poll](https://www.reddit.com/poll/yi1623) +I live in a century+ home and I'm gearing up to finish the basement (super old stone foundation without a footer). + +Turns out they can go however deep I want... Anyone done this? Is it worth it to go for the full 10' ceiling height in a basement? + +Any tips on making a basement feel like a real nice space? Windows are hard due to the whole basement thing - anyone found reasonable fat solutions for lighting and making a basement feel not so much like a basement? +I've seen auto sector companies sending their monthly sales figures to exchange. how do you investigate sales and market share during your pre investment fundamental recon. +What are the best practices while investing for your child? + +Should you open a bank account and a mutual fund account or is it one more password to remember. + +We could just keep investing from our own account but then the decipline won't come and we won't see clear money for kids goals. + +What have you done? +The goal of this post is to show how meaningless popular performance metrics can be and help new traders with realistic expectations. After-all, the less distractions you have, the more time you will spend on what really helps with your own trading - your own research. + +Now and then people post that they achieved some crazy high risk reward, Sharpe, Sortino etc. After seeing yet another bot with Sharpe 10 or 100% return with 10% DD, you might ask yourself, what are you doing wrong? Should you change your method? Should I follow every single thing that person says or find a guru? + +Good news - most of those are either + +1. Fraud +2. Incorrect backtesting results +3. Have inherently high risk of ruin (example - selling naked options) +4. Paper trading results not accounting for live costs +5. Simply too short term results to be meaningful + +1-4 are self explanatory, let's look at 5. Let's say person means well and they actually to have very high RR or Sortino. Generally - the shorter is a period for which any performance or risk reward metric is captured the less meaningful they are. Very often those are mentioned in a context of months, which is completely useless. Same goes for win rates btw.Let's look at one of my of my best strategies. That strategy alone returned \~60% over last 2 years in live trading.Here is backtest’s RR for this strategy since 2005 broken down by year. + +[Reward\/Risk By Year over last 15](https://preview.redd.it/lsyxs8u2r4571.png?width=1082&format=png&auto=webp&s=20622aac86bdc9af7de1e2169689054623139c46) + +(for the RR formula I used **Reward**/Risk and not Risk/Reward, so it is easier to read) + +You can see how much it fluctuates and how high it gets occasionally, when market conditions are the best for that method. There are many ways to read this table, based on that data + much more going back to 1950 + some discretion here is how I interpret it: + +* 1/1 RR (Reward/Risk) is likely over 10-20 years +* 2/1 RR is not unlikely over 5-10 years +* 4/1-2/1 RR can casually happen in any single year + +Having gone thru periods of 10/1 Reward to Risk and Sharpe of 5-10 over 3-6 months intervals I can say it is pretty shady to claim that's what I would normally expect from a consistently profitable method with a reasonably low risk of ruin. So next time you see someone mention unusually good stats - don't be distracted by the shiny object. + +Just focus on your method, understand your risk, do your own validation. And if you test over long term date ranges don't be discouraged to see some years with stats that are not so good. Whoever you see on the internet posting their results likely haven't even bothered to do that. +I’ll be honest, I’m getting destroyed by this rally. Years of gains gone in the past few weeks. I’m not a superstitious person, or at least I didn’t used to be before hobby trading, but I’m just holding onto my losing positions still, thinking “it can’t keep going, right? As soon as I close, it’ll crash again.” + +The only good part of this is after I lose all my money, I can finally stop playing the game. +It's a very broad and general question. I already have ETFs and stocks and I'm reluctant in puring more money there. + +Real estate is not an option as I move frequently for my job and it's better renting. Same reason against a buy to let property. + +Anything else? +Tesla on tweeter announced a plan to split stock. It is seeking investor approval in the next general meeting. However, no further details was given, no mention on the meeting date, or the split ratio. + +Also today, due to COVID restrictions in China, Tesla gigafactory in Shanghai will be shut for 4 days. It has already shut for 2 days in mid March. Current estimate is the factory could produce just over 2,000 vehicles per day ( output in Dec 2021 was 70,000 for the month). So that is over 12,000 less cars to be shipped in March. + + +If you think a stock split has a bigger impact on the market, then congrats, you are right. Although I'm considering throwing all my financial books down the toilet at this point. +Hello, first time posting on this subreddit. I don't know how I'm supposed to survive this situation but I would appreciate any advice that I can get. I don't want to end up homeless before my job starts and I don't know what to do. I was thinking of getting a payday loan. I know they're bad but I have bad credit so I can't do a traditional loan. +Does anyone here have recommendations for a US based luxury travel agency. Where did you go an how was the experience? + +I've used Audley travel in the past and also Destinology in the UK. Both have been positive experiences. + +this would mainly be for unique experiences and/or places. + +Tax Rate | Capital Gains Income +---------|----------| +0% | $40,400 +15% | $445,850 +20% | $1,000,000 +39.60% | $1,000,000+ + +Sample Capital Gain (1Y) | Amount Taxes Paid Before | Amount Taxes Paid After +---------|----------|---------- +$50,000 | $1,440 | $1,440 +$100,000 | $8,940 | $8,940 +$200,000 | $23,940 | $23,940 +$400,000 | $53,940 | $53,940 +$800,000 | $131,647 | $131,647 +$1,600,000 | $291,647 | $409,247 +$3,200,000 | $611,647 | $1,042,847 +$6,400,000 | $1,251,647 | $2,310,047 + +Oh man, so many little guys gonna get screwed by this! /s +So, last eid (Muslim celebration), I received 20 GBP. I decided to invest it in order to help save more money to the end goal of 60 GBP (I am saving to buy MW 2019). I bought shares in AMD PLC (Not because my PC is full of AMD stuff, but because more people would buy components during the lockdown period as they would have little to do, and would maybe take up PC gaming. Also, people would need new workstations for working at home.) At first, I thought it was a faliure, as AMD shares went on a small downwards trend. But, over the last month, AMD shares increased by 25%. I have now made a profit of 25%, with £25 in stow (£20 original amount + £5 earned) (My dad is acting as a buyer on my behalf, he is investing larger amounts of his own money for long-term investments). This was my first time EVER buying shares, and it has worked out quite well for me. Just wanted to share this with you guys. +We have apes among us who have been making a living trading options for years. These are our snipers. Only people who have been trained to be snipers should be sniping. If you are not a trained sniper, then buy, hold & DRS. I am not a trained sniper, so no options for me, but goddamn if I’m not fucking thrilled that we have a sniper unit flanking these hedge-fucks with options leverage. Bring it on! + +Edit: For those calling me a shill, you can check my post history. I have 500 DRSed shares, so I am in this thing with everything I’ve got. + +Edit 2: I have delusions of grandeur and refer to myself by the royal “we”. I speak for no other ape, just have noticed that other apes have been eating their bananas differently than me and decided to make an anal.. anyl… analogy. +I was thinking of starting a portfolio management service, however; every time I look at the documentation, I encounter strict regulation requirements, eg. 20 crore to start a hedge fund (which is probably fair). + +However, even to start a Portfolio Management Service, one requires a net worth of Rs. 5 crore. + +Is there a way a trader/investor can start a company to pool investor funds/trade from the investor's account without a huge capital requirement per investor? (By huge, I mean a capital of more than 50L). +Couple of years back this forum helped me in deciding between Mutual Funds and direct stocks. I need another help now. + +My father has been noting down day to day expenses from past 30 years or so in his diaries. Recently when my income has stopped, I realized that my spending is going out of hand and thought I would like to track my expenses. Any apps or google sheet which you guys would recommend. I would prefer a app which works offline. + +Edit: I have found monito to be quite straight-forward. I don't use credit cards and most transactions are debit and cash. Will try something with Google sheets in future and create an interface to interact and customize once I ma done with my current project. +**Greetings fellow apes!** + +Over the last few days Games within NFTs have become very popular on this subreddit. However, the resources and tutorials are very fragmented. + +As such, I’ve set it upon myself to create a complete A to Z walkthrough on how to create your very own Game within an NFT from scratch using the Unity game engine and the GameStop crypto wallet. The tutorial will take you through what software you need, how to install it, how to use it, a bit of coding to actually make the game, setting up a GameStop wallet, funding it with $10 worth of ETH, activating it, and then creating your very own Game NFT through loopring.io + +>**Video Tutorial is here:** [https://www.youtube.com/watch?v=o36N5sWmgDU](https://www.youtube.com/watch?v=o36N5sWmgDU) + +~~The video should be in 4K but because it’s almost an hour long I expect it will take YouTube a very long time to process it. So if you want to follow along, I encourage you to throw crayons at YouTube so it works faster.~~ + +The HD version of the video is finally available, still waiting on the 4K one... Eventually (TM) + +&#x200B; + +>**Link to the NFT to try out the game:** [https://lexplorer.io/nfts/0x578b360bd33b574e7573ba2a768e06ff12f80835-0-0x4eb098b2a9ff424ac54669c6e69b87a09f51c552-0x70a3b8566802a8399b49b293b1f9029c2eb350f6b2af77e836de2bac7789b955-10](https://lexplorer.io/nfts/0x578b360bd33b574e7573ba2a768e06ff12f80835-0-0x4eb098b2a9ff424ac54669c6e69b87a09f51c552-0x70a3b8566802a8399b49b293b1f9029c2eb350f6b2af77e836de2bac7789b955-10) + +It is a bit more technically involved, but if you follow it step by step every single ape on here should be able to create their own, play it, share it with friends etc. + +All software used is Free apart from the $10s worth of crypto you need in order to activate your GS wallet and get the NFT minted. + +I hope you like it! It took me 12+ hours to make, so no easy feat… Feedback is welcome although it’s painful. + +**Power to the players, power to the creators!** + +EDIT: First of all, WOW! Thank you so very much for the support everyone! Did not expect such a strong reaction to me faffing about on my computer for a day. It's enough to drive an Ape to tears. 🦍🤝💪 + +Wanted to let you all know that the HD version of the video has FINALLY finished processing and is now available on YouTube, so you can probably actually follow along with the instructions now. + +Cheers everyone! +I have six 401k accounts, all with various balances (\~$5k-$30k) that remain in the employer managed accounts. I have never rolled them over, and in hindsight am regretting this. They are hard to manage being so spread around. Ideally, I would have preferred to roll them over to an IRA. + +What are my options here? Should I just leave them as be, and roll over future accounts? I can't seem to figure out what the standard procedure should be here. +Is it okay if I close my covered calls for 40-60% If I can get that decay in 2 days?. + +I've been selling covered calls on PLTR and the premium decay is quite fast and I get the 50% realized in a day or so and I close it and I open a new one looking at the chart and resistance. + +is this okay or should I wait for 80 or 90% profit? +Greetings Apetards, hold on to your tits. + +Why you should not take financial advice from me: + +1. I put things in my mouth that I shouldn't; play dough, brown crayolas (because keto). +2. I drank from the gutter as a child and got giardia and my brain was affected. +3. I ate [M](https://imgur.com/a/2hsRx5M)[achineel fruit](https://www.southernliving.com/garden/trees/manchineel-poison-tree) while on vacation 2 years ago because they taste good. But they make you feel very bad. +4. Copious amounts of substances that have made my mind incompatible with normal life. + +Ever since u/HomeDepotHank69 rallied the Quant Apes and showed [increasing levels of correlation](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/) among a number of shorted stocks, I've been wondering- just how big is the House of Cards? This technical DD attempts to answer that question by mining price data for over 6K tickers and identifying stocks with similar price action to GME. + +As a salute to HD Hank's work with other Quant Apes, I ran my own independent correlation analysis and created a slightly more eyeball-friendly version of the results: + +[In 2020, these stocks had low correlation; which is typical in a free-ish market. In 2021, we see a huge surge in correlation rates. IMO, this is indicative of hedge funds using the same or highly similar HFT algorithms to manipulate prices.](https://preview.redd.it/8oc8uadoj4571.png?width=2002&format=png&auto=webp&s=883e5db6a01056b047c30f4ef67eeb3d38dcaa41) + +Now that we know that shorted stocks have suddenly started moving together in 2021, we can hypothesize that there are even more stocks out there that are also correlated. + +Analyzing 6,319 tickers taken from North American companies trading on NYSE and Nasdaq, during the January 2021 blip: + +* 16 stocks gained more than 500% +* 39 stocks gained more than 300% +* 279 stocks gained more than 100% + +These numbers are interesting to me because it gives us some insight into the scale of what we are dealing with. As HD Hank said, 1 stock squeezing is *extremely* rare. I would add that 279 stocks displaying similar price action during the January blip is somewhere in the realm of god-tier what-the-fuckery. + +# OK, but the blip doesn't mean shit if "Shorts Have Covered"TM + +[Shorts have a lot more covering to do.](https://preview.redd.it/sxalstfqc4571.png?width=1278&format=png&auto=webp&s=14fcfea7182b84b309280719f82bb2f6d6b89b14) + +So let's look at only those stocks which have been able to **sustain** the gains made during the January blip. Of the 279 stocks that gained more than 100% during the blip: + +* 5 have maintained gains of 1,000% or higher +* 14 have maintained gains of 500% or higher +* 25 have maintained gains of 400% or higher +* 43 have maintained gains of 300% or higher +* 74 have maintained gains of 200% or higher +* 135 have maintained gains of 100% or higher + +**Fun Fact:** The combined market cap of the 135 gainer-maintainers is 203 Billion. + +# If the shorts had covered, we wouldn't be looking at this many stonks holding on to ridiculous gains for over 4 months. + +Of these sustained gains, **GME is the king at 2,463.86%**. AMC comes in second at 1,735.11% + +[\*Note that of these 135 stocks, there may be a few whose gains are unrelated to shorting\/hedgefuckery\/apes. That said, based on my criteria for this analysis, all 135 of these stocks experienced a big jump above their baseline in late January 2021 and have exhibited similar price action since, all while trending upwards far above their baseline while maintaining gains.](https://preview.redd.it/qs0qkcborz471.png?width=1306&format=png&auto=webp&s=187408c522c47c0de806639890f3c8e62f810bdf) + +# Charting these stocks makes it pretty clear that the hedgies are losing control + +[Note what a normal market looks like on the left vs. where we are now.](https://preview.redd.it/mj5uu2ebd4571.png?width=3634&format=png&auto=webp&s=9eea5bd3ab14acc7d5938987d19d9f86adb597ee) + +# TRUTH or FUD! + +**FUD:** Retail buying is the only factor driving prices up. Gamer Apes and Movie Apes are just really good at meme hype and people are FOMO'ing into these stocks in droves, and then periodically bailing out when the price action gets too spicy. + +**TRUTH:** The fact that other stocks which don't have a community behind them are still holding onto their gains from the blip 4+ months ago AND are experiencing wild price action similar to GME, while ALSO trending upwards following their own exponential curves, tells us that ***SQUEEZY MARKET FORCES*** are the primary driver of what we are seeing. + +IMO, **retail simply doesn't have the purchasing power to maintain 100% to 2,000% gains across 135 stocks.** Especially not in a post-pandemic world where nobody works and we all just gamble away our government teat-milk based on 2-star-quality wallstreetbets DD. + +[\*It's not that I hate my job it's just that I hate having to have a job](https://preview.redd.it/wxyuzh9m30571.png?width=718&format=png&auto=webp&s=b2ee2a9c4ec406443037e4f5ecf4a57f21289c79) + +This analysis again led me back to HD Hank & The Quant Apes work with price action correlations among groups of stocks. Taking the top 75 gainer-maintainers from the earlier exercise, I created a correlation matrix for those stocks across 2020 and 2021. We want to see if correlation increased in 2021. + +Greener cells indicate higher correlation. + +[\*The diagonal white line is a byproduct of how the matrix is constructed- disregard. Also, I chose the top 75 because I didn't want to wait 3 hours for my laptop to process the larger dataset.](https://preview.redd.it/neqpx9ijq4571.png?width=1632&format=png&auto=webp&s=770d7f5e9664dead065a9eb612936a47881cdbf4) + +I know these just look like shitty QR codes, but the results are significant. ***The aggregate correlation value for this set of 75 stocks in 2020 is 22.19, while the aggregate in 2021 is 60.9 (hehe).*** + +***This means that correlation among these stocks increased by nearly 3x in 2021***. A free market doesn't do this. A manipulated market does. + +&#x200B; + +# Conclusion + +The House of Cards is much larger than we know. Greedy SHF's thought the pandemic was an infinite money glitch and over-extended their short positions on brick and mortars and other vulnerable industries because it "literally can't go tits up". They were so over-leveraged that the simple ape strategy of buy-and-hold became the proton torpedo down the death star vent shaft. What we are witnessing now is the beginnings of the chain reaction that blows up the whole thing. + +If you aren't Star Wars savvy, [click here](https://www.quora.com/How-did-Luke-Skywalker-destroy-the-Death-Star) for an explainer. + +It doesn't take much to topple a House of Cards- the real challenge is simply having the guts to do it. + +https://preview.redd.it/y8fbknwz80571.jpg?width=2000&format=pjpg&auto=webp&s=d313208f5fa017cb4773086c9e7c556597bdef4e + +So wen moon? Moon soon my dear apes. For the moment, [we are here](https://www.reddit.com/r/MovieDetails/comments/hml9ua/in_the_big_short_2015_the_analyst_from_standard/). + +https://preview.redd.it/bac2kx5m40571.png?width=960&format=png&auto=webp&s=f8bc7e886865d2b52cbc88b414e129d94cb6e7c6 + +\*\*\* Thanks again to HD Hank and The Quant Apes for the inspiration for this post \*\*\* + +EDIT: Full list of gainers & maintainers here: + +[https://docs.google.com/spreadsheets/d/1WKPzllUsVD4Py\_tfl6JsSlQA8slZ6bWpwDJ\_f\_ds5ps/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1WKPzllUsVD4Py_tfl6JsSlQA8slZ6bWpwDJ_f_ds5ps/edit?usp=sharing) + +&#x200B; + +**TL;DR -** The Matrix is Everywhere. This is not isolated to a few stocks. Analysis shows potentially hundreds of stocks involved. SHF's are economic parasites that have infested the US financial system. Buy and Hold is causing them to lose control of perhaps ALL of their short positions. MOASS imminent. +I made this simple site for myself as I found it hard to see all the fees involved in buying a home. Also used it to practice my web development skills. Thought I'd share if it helps anyone else. I researched a lot to give as best estimates as possible, but at worst it will give the viewer a good idea of what costs to think about. + +You can change values, expand/collapse/tick/untick sections, click items to view description. It will auto calculate. Defaults are provided to give people a head start. + +[http://www.knowyourfees.com.au](http://www.knowyourfees.com.au/) + +Cheers and all the best to fellow aspiring home buyers. + +*Please note, as explained on the site, the first version of the website has a couple items suited to QLD legislation (if you click the item a description will appear telling you this), but you can simply change the values to your own. I think it's a great tool for people in all states to get a general idea of what costs they need to think about. Thanks* +A Big Pharma company that got millions of Americans addicted to oxycontin and 100,000s killed from overdoses? A chocolate company who relies on child slave labor in West African cocoa plantations? A fast food chain that gets its hamburger beef from devastated deforested areas of the Amazon? Etc. + +Serious question - are there any rating systems for corporate evil and/or investment funds that will allow for moral investments? +…for giving hundreds of thousands of Apes a year of hope, a glimmer of freedom, and a once-in-a-lifetime shot to not only attain an abundance of wealth, but share it. For some of us, this year has merely been a wise investment. For some, an adventure in an otherwise uneventful life. For some, a life-line, a purpose, a chance to do something right for the first time in our lives, a chance to make our loved ones proud. For some, a chance for revenge…a “fuck you” to anyone and everyone who has ever stepped on our necks and shackled our ankles. For some, a chance to buy our first home, pay off our debts, ride off a lot in a smoking hot Lambo. For some, it’s the only chance to get much-needed medical, dental, or mental health attention that has so far been unattainable. For almost a year, we have watched the ticker alternate from red to green like the lights on a Christmas tree, hoping and praying to retire our mothers, save our brothers, look our fathers in the eyes. We’ve made strong bonds with total strangers and woken up at obscene hours in the morning to see if “today is the day” and become immune to getting hurt again. Regardless of our reasons, our intents, our hopes and dreams…none of it would have happened if a Roaring Kitty hadn’t mewed and big-balled Chairman hadn’t pursued a vision. Thanks for giving a shit, Ryan, and for giving us one hell of a ride this year! Merry Christmas, Happy Holidays, and Fuck You-See You Tomorrow!! 🚀🚀🚀 +Fiancee and I have to finance our own wedding. We will have about 8k saved up by December to spend on it. We've already budgeted separately for the ring, so the 8k is for everything else: dress, venue, food, photographer, entertainment, etc. We'd both like a bigger wedding, 8k is really tight. + +I have savings. She does not want me to pull from savings, fearing we would be hurting our future selves. I'm of the opinion that this is what savings are for--the big things in life. + +My savings: + +I put 12k into a Vanguard Roth IRA account over the past 2 years. Didn't contribute the 6k this year yet (and not sure I should with the market being what it is). It's currently down to 10k (2k net loss). I would draw from this for the wedding. + +I also have about 40k in a TSP retirement account that I don't intend to draw from. About half of that is Roth TSP and half is Traditional TSP. Moved it mostly into the G Fund earlier this year. I'm still contributing the minimum to this every paycheck due to job matching my 5%. + +I see the TSP account as proof that we will not be hurting our future selves. We're both in our 30s, not planning to retire anytime soon. ***Am I being fiscally irresponsible for considering pulling 5-10k more from my savings?*** With the markets being the way they are, this seems like a no-brainer to me, but she is much smarter than I am. This could double our wedding budget though, and a 15k wedding is still relatively inexpensive these days for where we live. + +Edit: Thanks for the responses and insights. It seems like we should not pull out of savings for this. It's hard knowing all that money is sitting around, but that's life. + +Edit 2: While you can pull principal out of Roth IRAs, apparently everyone here agrees this is a bad idea for a wedding. +The spreadsheet +https://picbun.com/p/Vt7FUncq + + +I'm building an excel spreadsheet with my current expenses and adding in estimated future expenses such as more home help, cleaning, yard work maybe etc, I won't always be able to be diy guy. I'm also estimating Healthcare costs and insurance as well as travel/vacation. + + +But do I need to be inflation adjusting these expenses in order to match up with where I'm projecting my portfolio growth to be in 10 to 15 years from now? + + + +If I use today's estimated costs for things I'll need in 15 years from now when I may reach FI and potentially RE will my numbers be somewhat accurate? Or will they be way off? + + +I'm also guessing that $1200 per month can get my wife and I health insurance with maybe a 6k deductible. + +And I'm estimating that after 10 to 15 years we'll refinance the house and will owe less per month than current. 155k owed currently. Probably 100k owed in 10 years if we make a few extra payments here and there. + +I see s&p500 is 10.5 percent annual returns before inflation adjustment and 7 percent adjusted. I assume 7 percent is the number I would use. + + +Do I use a compound interest calculator for these growth projections? I know it's not a CD or a bond so I didn't know if compound calculator was the choice for this sort of investment. + + + +What savings goal should I realistically set? I'm not looking to nail it down to an exact number but I'd like to know if I'm in the right ballpark with my estimates. I keep coming up with between 1.8M and 2.5M depending on how I project my expenses. But if I need to be projecting my future inflation adjusted expenses then my numbers are too low... + + + + I'm aiming for 28X my annual spending because I'll be a bit less than 50 years old when I may start reaching these portfolio values needed. So need to get 50 years out of the portfolio. + + + +And my portfolio allocation is going to be 50 percent VTI and 50 percent VOO. I know it's a redundant mix. I currently have a lump sum of cash that I can DCA into the market over the next 18 months so I can change this allocation if needed. +I'm still pretty new with 6 doors, and everytime I start a new purchase well my work gets annoyed. I'm still delivering and meeting project dead lines. It's more about the realtor calls, the missing work for inspections though I make up the hours ect. + +My long term plan is to have 15 doors, and I sometimes wonder if it's just to much to manage while working a full time job? + +Sure one day I switch full time property management, but until I've paid down the mortgages I am far from doing so. + +How have you done it? +Quite possibly the most structurally sound and rug-pull proof coin I have encountered on BSC. + +This is a project with a real use case, the developers found a great opportunity in the BSC market and decided to take advantage of it. One of the main advantages of this project lies on its tokenomics and the implementation of NFT's in a way that encourages holders to stake their holdings, providing liquidity and supressing dips while at the same time making considerable profits on every $BOG transaction that occurs. Selling $BOG results in the seller being stained with $NGMI, a shame token that cannot be removed from the seller's wallet, listing it on the Hall of Shame on [bogged.finance](https://bogged.finance). $NGMI holders have a major disadvantage in future native NFT summoning and market participation, a system which discourages holders from selling $BOG. + +At the time of writing this, $BOG has been listed on CoinMarketCap, CoinGecko, CoinBase charts, CoinStats, LiveCoinWatch and Blockfolio. + +**Lightpaper** + +A detailed description of how the ecosystem works can be found in the project's lightpaper:[https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f](https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f) + +**Contract** + +$BOG's contract is up for everyone to audit and can be found on BSCscan:[https://bscscan.com/address/0xd7b729ef857aa773f47d37088a1181bb3fbf0099#code](https://bscscan.com/address/0xd7b729ef857aa773f47d37088a1181bb3fbf0099#code) + +**Tokenomics** + +The coin's initial liquidity has been locked for at least 6 months. It has an initial supply of 2,500,000 BOG, with 4.4% of transaction fees being redistributed to stakers and a 0.1% burn rate, decreasing total supply. Since launch day, $BOG holders are encouraged to stake part or all of their holdings, not only for the staking rewards which can be very significant at times of high volume, but also to get a chance at summoning their unique NFT, Sminem. + +**Sminem** + +The ecosystem's native NFT token. Currently, 500 Sminems are being summoned by $BOG holders with a further 250 Sminem NFT's being available for summoning soon for a total of 750. Each Sminem NFT has been numbered on a first come first served basis. The developers have confirmed this will be visible, increasing the NFT's value. Once summoned, the owner will be able to create their own design (webm, JPG, PNG or GIF) which must portray Sminem boy in some way. Holding $NGMI means there is a 25% chance the holder's Sminem gets wounded and returned to the claim pool for anyone but said $NGMI holder to claim. A Sminem NFT marketplace is planned, allowing for you to buy and sell custom Sminem NFTs. + +TL;DR, If you want to be sure you're going to be a Sminem NFT owner, don't sell your $BOG. + +**BogTools & BogCharts** + +BogTools are deployable individual BSC contracts. The first use case has been on-chain historical price oracles, used on [bogged.finance](https://bogged.finance) for live price tracking. As development progresses, these oracles will be able to get information on any BSC coin pair, including both live and historical data. BogCharts is what BSC coin holders are asking for, a free-to-use live price monitor paired with a UI package for charting on the token's website. BogCharts' hosting commission will be paid in $BOG by new coin developers, supporting and expanding the project. + +More use cases will be implemented in the short future, such as limit order trading on PancakeSwap and automatically tethering when whales are moving large amounts into exchanges. + +In terms of competitors, BRY is doing oracles on BSC but the BogTools team has managed to do more in 3 weeks than BRY has in 6 months in terms of product roll-out and such. Coins such as SafeMars and SafeMoon are part of the shitcoins surrounding $BOG that have no utility or use-case. + +These infographic guides on [How To Buy $BOG](https://imgur.com/a/73i4b46) and [How To Stake $BOG](https://imgur.com/a/jvCcdQ5) make the process easy. + +The devs are very active on [Telegram](https://t.me/boggedfinance), answering all questions and providing daily updates on development and hosting AMAs. + +If I were you, I would [answer the call](https://bogged.finance). + +&#x200B; + +EDIT: $BOG is starting a group on WeChat for our Mandarin speakers! Link to our dev's WeChat [here](https://imgur.com/11KzrLz), he can add you to the group. +I am a 27 year old bank employee. I work for a small business bank. Owned by a very sweet family. I feel proud to be a part of the company. I love our culture, our authenticity, our customers, and our staff. The compensation and benefits, however are another story entirely. + +Recently a rival bank (that has even less employees... It's about half the size) offered me $20000 more per year to come manage their newest branch. (From $35k currently to $55k) This rival bank is building a branch two blocks away from our branch and attempting to steal our customers. + +I know my CEO would feel extremely hurt and possibly a bit bitter if I left. I also know they will not match the offer. What should I do? +Been working after graduating from uni a couple years ago and actually sat down to try and calculate how far away I am from purchasing a house in London. I feel like I'm missing something because it literally seems impossible. + +First off, I'm the stereotype everyone on this sub hates: in my early 20s and working as a computer engineer. My starting salary after graduating was around £50k a year. I immediately earned more than my parents despite them working for decades. I'm not saying this to brag but because earning substantially more than the average wage in London gave me the assumption that buying a house would be in the realms of possibility. So I went to Halifax's mortgage calculator, put in my wage, I have no debt, no one relying on me and was told the MAX I could borrow over 25 years is £237,000. Now I'm not from a family where I will be provided with any money for a downpayment on a house, so it will all come from my savings. Let's say I save aggressively and save £20,000 a year for 10 years, and perhaps my salary increases to 60/70k. Mortgage + savings = I'll still only be able to afford a house that costs MAX 500-600k! + +I'm born and raised in London. The area I grew up in is mainly working class, some middle class but not at all posh. A NORMAL family house, 2 up and 2 down, is nearly £1 million. 600k won't get you a shed. Am I being thick and missing something obvious? + +EDIT: + +One thing most comments are mentioning is that I should expect to be earning well over £70k over the next few years, and should be aiming for at least 100-150k. Where are you guys working and can you get me a job? [Payscale](https://www.payscale.com/research/UK/Job=Software_Engineer/Salary/b428ed1a/London) shows that the median computer engineer in London earns £47k, with the 90th percentile earning 70k. Glassdoor is lower, average being £44k and high being £64k. I know that [Google's staff](https://www.theguardian.com/technology/2020/apr/07/google-uk-staff-earned-average-of-234000-in-2019) in London earned on average £230k, but I can't expect to work at Google. My assumption was that my salary would stagnate at around the 70k mark, but I am all ears if this isn't true. +Apes, + +As they like to say in the business: No news is good news. Today I bring you not a single ounce of news regarding these deep in the money calls. Not even so much as a peep out of the HF's buying these calls. + +[GME Biggest Trades 4-6-2021](https://preview.redd.it/x16uy6s07or61.jpg?width=1224&format=pjpg&auto=webp&s=8b0018a3c5e3f9eca0e5a23349c5d271419169bb) + +This officially rules out the idea that yesterday was just some crazy coincidence. The time of covering FTD's with Deep ITM calls has come to an end. Lady Apes and GMEtlemen I can feel that the end is near. There is daylight and bananas at the end of the tunnel. Diamond hands hold strong. See you tomorrow. Dan\_Bren out + +Link to yesterday's post: [https://www.reddit.com/r/Superstonk/comments/ml2q0p/hedgies\_did\_not\_buy\_deep\_inthemoney\_calls\_today/](https://www.reddit.com/r/Superstonk/comments/ml2q0p/hedgies_did_not_buy_deep_inthemoney_calls_today/) +So, last month I started my first real job out of college and yesterday I got my first salary. It is not much but for an entry level job, it is ok. I +come from a culture where people don't retire and just work and slave away for the best part of their lives. + + +People are identified by the jobs they do rather than the lives they live and I despise that shit. I just want to have all the experiences I can think of and you guys have shown me FIRE is the way..... +I know it is just the start and I have a long way to go but I want to thank this community for all the direct and indirect assistances you guys have provided. +I don't have a FIRE number as of yet but I am proud to tell you all that I am not 0% FIRE anymore.... + + + + +Edit: glad to see all the appreciation from you guys.. still proving my original point. +THANK YOU........... + + + +Edit 2: gold .... Wow . So this what it feels to be gilded... + +Thank you kind internet stranger +On June 19, Bitcoin made a death cross which is the 50 day short term moving average crossing below 200 day long term moving average. + +On July 25, the price started trending up and crossed above 50 day moving average and today it crossed the 200 day moving average as well. + +The 50 day moving average has started trending back up. If price keeps rising at this rate then it will cross back above 200 day average. This is called a golden cross and it could be happen in 1 week to 10 days time. + +Golden cross is one of the strongest signs of a new bull cycle. When it happens so soon after death cross, it shows the bulls were just taking a little break and now they're back in business. + +A face melting pump is on the way. It will make 2013 and 2017 bull cycles seem like nothing. +I'm interested in companies like JD, Baozun, Meituan, and VIPS. JD seems like an obvious safe pick and Alibaba is incredibly undervalued but what about other companies? + +Edit: noone heard of baozun? + +Edit 2: I would appreciate at least a small amount of reasoning + +Edit 3: I overestimated this community +Activision is currently around $75 a share with an accepted buyout from Microsoft at $95 a share. That’s a potential 26% arbitrage gain in a currently bear market. I guess the major risk involved with this is antitrust getting involved. + +Anyone in this play or have any other reason to avoid it? + I pasted [the article](https://www.economist.com/leaders/2020/05/07/the-market-v-the-real-economy), to exempt you from registering an account to read it. What do you think? + +##Financial markets have got out of whack with the economy. Something has to give + +STOCK MARKET HISTORY is packed with drama: the 1929 crash; Black Monday in 1987, when share prices lost 20% in a day; the dotcom mania in 1999. With such precedents, nothing should come as a surprise, but the past eight weeks have been remarkable, nonetheless. A gut-wrenching sell-off in shares has been followed by a delirious rally in America. Between February 19th and March 23rd, the S&P 500 index lost a third of its value. With barely a pause it has since rocketed, recovering more than half its loss. The catalyst was news that the Federal Reserve would buy corporate bonds, helping big firms finance their debts. Investors shifted from panic to optimism without missing a beat. + +This rosy view from Wall Street should make you uneasy (see article). It contrasts with markets elsewhere. Shares in Britain and continental Europe, for example, have recovered more sluggishly. And it is a world away from life on Main Street. Even as the lockdown eases in America, the blow to jobs has been savage, with unemployment rising from 4% to about 16%, the highest rate since records began in 1948. While big firms’ shares soar and they get help from the Fed, small businesses are struggling to get cash from Uncle Sam. + +Wounds from the financial crisis of 2007-09 are being reopened. “This is the second time we’ve bailed their asses out,” grumbled Joe Biden, the Democratic presidential candidate, last month. The battle over who pays for the fiscal burdens of the pandemic is just beginning. On the present trajectory, a backlash against big business is likely. + +Start with events in the markets. Much of the improved mood is because of the Fed, which has acted more dramatically than other central banks, buying up assets on an unimagined scale. It is committed to purchasing even more corporate debt, including high-yield “junk” bonds. The market for new issues of corporate bonds, which froze in February, has reopened in spectacular style. Companies have issued $560bn of bonds in the past six weeks, double the normal level. Even beached cruise-line firms have been able to raise cash, albeit at a high price. A cascade of bankruptcies at big firms has been forestalled. The central bank has, in effect, backstopped the cashflow of America Inc. The stockmarket has taken the hint and climbed. + +The Fed has little choice—a run on the corporate-bond market would worsen a deep recession. Investors have cheered it on by piling into shares. They have nowhere else good to put their cash. Government-bond yields are barely positive in America. They are negative in Japan and much of Europe. You are guaranteed to lose money by holding them to maturity, and if inflation rises the losses would be painful. So stocks are appealing. By late March prices had fallen by enough to tempt the braver sort. They steeled themselves with the observation that much of the stockmarket’s value is tied to profits that will be made long after the covid-19 slump has given way to recovery. + +Tellingly, though, the recent rise in share prices has been uneven. Even before the pandemic the market was lopsided, and it has become more so. Bourses in Britain and continental Europe, chock-full of troubled industries like carmaking, banking and energy, have lagged behind, and there are renewed jitters over the single currency (see article). In America investors have put even more faith in a tiny group of tech darlings—Alphabet, Amazon, Apple, Facebook and Microsoft—which now make up a fifth of the S&P 500 index. There is little euphoria, just a despairing reach for the handful of businesses judged to be all-weather survivors. + +At one level, this makes good sense. Asset managers have to put money to work as best they can. But there is something wrong with how fast stock prices have moved and where they have got back to. American shares are now higher than they were in August. This would seem to imply that commerce and the broader economy can get back to business as usual. There are countless threats to such a prospect, but three stand out. + +The first is the risk of an aftershock. It is entirely possible that there will be a second wave of infections. And there are also the consequences of a steep recession to contend with—American GDP is expected to drop by about 10% in the second quarter compared with a year earlier. Many individual bosses hope that ruthless cost-cutting can help protect their margins and pay down the debts accumulated through the furlough. But in aggregate this corporate austerity will depress demand. The likely outcome is a 90% economy, running far below normal levels. + +A second hazard to reckon with is fraud. Extended booms tend to encourage shifty behaviour, and the expansion before the covid crash was the longest on record. Years of cheap money and financial engineering mean that accounting shenanigans may now be laid bare. Already there have been two notable scandals in Asia in recent weeks, at Luckin Coffee, a Chinese Starbucks wannabe, and Hin Leong, a Singaporean energy trader that has been hiding giant losses (see article). A big fraud or corporate collapse in America could rock the markets’ confidence, much as the demise of Enron shredded investors’ nerves in 2001 and Lehman Brothers led the stockmarket down in 2008. + +The most overlooked risk is of a political backlash. The slump will hurt smaller firms and leave the bigger corporate survivors in a stronger position, increasing the concentration of some industries that was already a problem before the pandemic. A crisis demands sacrifice and will leave behind a big bill. The clamour for payback will only grow louder if big business has hogged more than its share of the subsidies on offer. It is easy to imagine windfall taxes on bailed-out industries, or a sharp reversal of the steady drop in the statutory federal corporate-tax rate, which fell to 21% in 2017 after President Donald Trump’s tax reforms, from a long-term average of well over 30%. Some Democrats want to limit mergers and stop firms returning cash to their owners. + +For now, equity investors judge that the Fed has their back. But the mood of the markets can shift suddenly, as an extraordinary couple of months has proved. A one-month bear market scarcely seems enough time to absorb all the possible bad news from the pandemic and the huge uncertainty it has created. This stock market drama has a few more acts yet.■ +If you’ve paid attention to the market lately, you’ll notice that in the last day it’s up over 4%!! The is huge as it signifies market sentiment has completely changed. The S&P was up only 2.22% today on news of the fed hike, and since 4 is bigger than 2, I feel confident in saying we have officially decoupled from the stock market. + +I know what you’re thinking- “4% in a day isn’t that big of a change.” And yes, I agree with you, but let’s imagine the market grows 4% everyday for the next year. Because crypto is a 24/7 market, we get 2 days over the stock market. 4% of compounding interest over 365 means $100 investment today could turn into $164,880,329 a year from today. Now that’s wife-changing money! + +Why do I think this? Well, the fed stated will continue to increase rates over the next year. From that, I can deduce the market will increase at the same rate over the next year. + +I can’t believe yesterday my wife was telling I was an idiot for losing half of our child’s college money on “magic internet money.” After I tell her that I’ve only lost 40% of the money, she’ll really be eating crow. + +If you’re like me, you’ll know the bull run is back on. Take out a second mortgage on your home. Get as many personal loans as you can. Max out your credit cards on crypto. Your future self will thank you. + +Do not do any research. This is financial advice. +Hey UKPF! + +TV license has been sending letters to my building (3 flats) about someone using their services without an account. + +Yesterday we received a letter saying that they've opened an investigation and might be sending someone to check. + +Is there anything I need to do to prove that it wasn't us? Or is saying "it's not us" is enough? + +Edit: Thanks a lot for all the replies! It seems the consensus is to just ignore it. The letter also has some sort of seal saying "visit approved officer" with a signature. Does that mean anything? + +Thanks! +So I just did my quarterly net worth update and just noticed that we crossed the quarter million mark! And since people seem to like these kinds of posts, as well as being a good little reflection for myself, I thought I would share a little progress report of our journey. + +Here is a year-by-year summary: + +**2014** + +* Got married to my wife in my senior year. +* Graduated, and got first job at start of May. Starting salary $52k in a HCOL area (Boston). +* Had about $35,000+ in student loan debt. +* Wife graduated a year prior working for a year already making ~$41k. +* She had ~$10,000 in student loan debt (low interest, to her parents) at this point. +* Including her car loan, we were $50k+ in debt (basically our net worth) at the time I graduated. +* I always hated the idea of debt, so we prioritized paying it down as aggressively as we could afford. +* We kept the same jobs until we would move in a couple years, earning basic 3-5% raises every year. + +**2015** + +* End of the year, we made a lump sum payment of $9k to pay off my student loans (while dipping into our E-fund) just so we could say we did so before the end of 2015. +* We were still making minimum payments on my wife's student loans and car loans since the interest was very negligible. +* This was around the time I started to get more interested in investing and learned about MMM, Reddit in general, then this sub, other FIRE bloggers, etc. + +**2016** + +* My wife started to get a little home sick so we decided to move to a LCOL area (Midwest) where her parents lived, and away from where I grew up. I was okay with it mainly because in my mind, LCOL meant easier to save. +* We decided to temporarily live at her parents house while we found our own place. We paid them the market rate in rent, which was maybe a third of our previous rent. Since they weren't doing so great financially and healthwise, the rent money and helping out around the house worked out well for them so we didn’t feel rushed to find our own place. +* We did end up taking small paycuts. My wife found a job with salary of $45k. I found one shortly after with a salary of $51k. Since then, we’ve earned 5-7% yearly raises. + +**2017** + +* By this time, I got my wife on the FIREwagon. I think we averaged around a 70% SR for the duration we lived with the in-laws. +* Predictably, we (mainly my wife), got sick of living with the in-laws. So we started saving up for a house down payment. +* Lost maybe about $7k in the crypto craze. Still holding though. + +**2018** + +* We bought a house for ~$150k putting 15% down, no PMI, at 4.1% rate. +* Even though we were spending more for house things, we still tried to keep our savings up. +* Averaged around 60% SR for the year. +* At the end of the year, we found out my wife is pregnant. + +**2019** + +* My wife finds a new job, earning her a good pay bump. She now makes $60k, basically what I make now. +* Crossed the $260k net worth mark at the end of March! ~$213k in investments. Not too shabby for a couple of 28 year olds. + +[Here's](https://imgur.com/tfA4oKt) a little YNAB snapshot of the last 3+ years of networth tracking. Our expenses during that period averaged to around $3,100/month. That's enough to get us yearly visits back to Boston, grass-fed beef, a Nintendo Switch, among many other luxuries. + +With the baby on the way and since we crossed a significant milestone, we may relax our savings a little. But we’ll see! + +That $20 I'm about to spend on something I don't need is $20 I won't be investing into ETFs... because in the long term that will be $100+ (excl inflation) + +Before: Small expenses here n there I can easily afford. + +After : These small expenses are worth an absolute fortune in the long term (when invested). + +So when I see something with a $20 price tag I consider how much is that truly costing me? Wake up call for someone who wastes a lot of money on conveniences. +>**Huge warning sign for Australian economy** +> +>**It might sound like a good thing, but this plunging number means something has gone horribly wrong with Australia’s economy.** +> +>Australian inflation is at zero, in a huge sign something has gone horribly wrong in the economy. +> +>The Australian Bureau of Statistics reported that the change in consumer prices between the start of January and the end of March was 0.0 per cent. The failure to record any inflation is a sign of an economy operating well below its potential. +> +>The result of zero is not only shocking on its own — it exacerbates weak inflation outcomes reported over the last few years. +> +>The Australian dollar plunged after the news and pressure is mounting on the Reserve Bank of Australia to act. +> +>**BUT WHY WOULD WE WANT INFLATION?** +> +>Too much inflation is bad. If prices rise too fast, our money is worth less and less. But deflation is even worse. +> +>When prices are falling, it makes sense to stop spending now and wait for prices to fall. In this way deflation strangles the consumer economy and can cause recessions that put many people out of work. +> +>To try to avoid deflation, the Reserve Bank of Australia does “inflation targeting”. It aims to keep inflation at a low, predictable level of between 2 and 3 per cent a year, on average. Inflation targeting is popular around the world as the best way to promote steady economic growth and prevent mega-inflation, like in the 1970s. +> +>But for now, the RBA’s inflation targeting is not working, as the next chart shows. You’d want average results of 0.6 and 0.7 per cent per quarter to get in the middle of the 2-3 per cent annual inflation range. Inflation has mostly been falling short, and then it hit zero. + +https://i.redd.it/ellhcn5rxiu21.jpg + +>**WEAKNESS, EVERYWHERE** +> +>The Australian economy is showing plenty of signs of weakness other than very low inflation. House prices are falling, wages growth is pitiful, and the underemployment rate is about 8 per cent — much too high. +> +>Unemployment is 5 per cent, which was an impressively low number a decade ago. But these days people can get a few hours employment a week driving an Uber and be counted as employed. +> +>A 5 per cent unemployment rate is not full employment anymore. It is probably equivalent to the old 6 or 7 per cent unemployment, which is to say, it represents a slack labour market where wages growth is not happening. +> +>In the US and UK, unemployment is at or below 4 per cent and with inflation so low, Australia has no reason not to aim for something similar. Our unemployment rate could probably fall to three-point-something without risking high inflation. +> +>Putting all those extra people into jobs would be terrific for them, great for our economy, good for tax revenue, good for company profits, and would help avoid deflation. It’s a shame nobody is talking about it. +> +>**HOW DO WE FIX THIS?** +> +>There’s two main roads out of our low inflation quagmire. The one everyone expects us to take is cutting official interest rates. It is the RBA after all who are supposed to control inflation. +> +>If they cut interest rates that should inspire companies and consumers to save less, borrow more, and spend more. It should in theory give the economy an immediate boost. But what if it doesn’t do much for the real economy and just props up the housing market? +> +>That’s one major reason the RBA hasn’t already cut interest rates despite low inflation. Rates are already at a record low level of just 1.5 per cent. They worry further cuts will not do much to boost consumer spending, while just making housing investment more attractive. +> +>A second major option for boosting inflation, growth and employment is for the government to stimulate the economy with a bit of spending. They call this fiscal policy. It can boost the economy in three ways: +> +>• Higher spending on things like infrastructure and health; +> +>• more cash transfers – like higher pensions, higher welfare payments, or checks in the mail as Kevin Rudd did; or +> +>• deliver tax cuts. +> +>The government has not done much stimulatory fiscal policy, partly because with the unemployment rate at 5 per cent they didn’t perceive a need to. But also because Australian governments are obsessed by getting to surplus. A surplus is not particularly important for the economy – but the rhetoric of debt and deficit disaster has locked both sides of politics into pretending the budget balance is vital. +> +>Now, there is some debate over whether fiscal policy can really stimulate an economy. Some people say that if the government spends more businesses and individuals spend less. But in my view that’s unlikely, and running a balanced budget while the economy is stumbling is evidence of poor priorities. +> +>The best fix for Australia is probably a mix of interest rate cuts and government spending stimulus. If we boost the economy we should be able to get wages growth going again, get more people into jobs, and get inflation back up into the target range of 2 per cent to 3 per cent. + +&#x200B; + +Link : [https://www.news.com.au/finance/economy/australian-economy/huge-warning-sign-for-australian-economy/news-story/5652a90757b67a9611073937e1b6381e](https://www.news.com.au/finance/economy/australian-economy/huge-warning-sign-for-australian-economy/news-story/5652a90757b67a9611073937e1b6381e) + +&#x200B; + +Edit : Author - [https://twitter.com/jasemurphy](https://twitter.com/jasemurphy) + +[https://thomasthethinkengine.com/](https://thomasthethinkengine.com/) + +(Credit where credit is due!) +I've been digging around and trying to decide how i should allocate my ~$6k/year for my Roth IRA. + +I want to be moderately aggressive with dividends, since gains are tax-free, but i also want to see about a bit of growth potential too. My focus is on dividends, though. + +What are some of your favorite stocks that might fit the criteria? + +Edit: To clarify, I'm investing in stocks with an average yield of 3.5% or higher. For example: + +IBM, EXG, O, DX, GOOD, HRZN, and others. + + +Edit 2: I just came across this on the r/dividends sub-r, and it's amazing info. This is helping me plan out the solution to my own question:. + https://www.reddit.com/r/dividends/comments/nq19ob/updated_dividend_champions_list_available/?utm_medium=android_app&utm_source=share +Hi, + +This is my first attempt at writing a DD report. I hope it makes sense. + +Just a few cautionary words: + +* Grammar (and English in general) is not a skill of mine. There will be a few parts that you might have to decipher, good luck. +* I tried not to provide too much commentary and stick to the facts. I know you are spending your valuable time reading this and you probably don't want to listen to some random guy on the internet pontificate. +* For those of you who are easily offended/triggered, can't take a joke, or sarcasm isn't your taste, DO NOT click the spoilers. + +Lastly, the following is just my findings, by no means is it a representation of all the information out there. It is just the baseline for me to have confidence in becoming an owner of the Company. Do your own due diligence or talk to a financial advisor to find what is best for you and your financial situation. + +Happy reading! + +# Highlights + +* Over the last 5 years the stock price has more than doubled. +* Toromont dominates market share over everything east of Manitoba in Canada. +* Customer base is heavily diversified, giving the Company many opportunities to expand into multiple industries. +* Dividend has increased for 31 consecutive years. It has been paid for 52 consecutive years +* The management team is extremely knowledgeable and have a good track record + +# Introduction + +Toromont Industries Ltd. (TSE:TIH) provides specialized equipment in Canada and the United States. The Company operates two business segments: The Equipment Group and CIMCO. The Equipment Group supplies specialized mobile equipment and industrial engines for Caterpillar Inc. (NYSE:CAT). Customers for this business segment vary from infrastructure contractors, residential and commercial contractors, mining companies, forestry companies, pulp and paper producers, general contractors, utilities, municipalities, marine companies, waste handling companies, and agricultural enterprises. CIMCO offers design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. + +The Company was founded in 1961 and operates out of Concord, Ontario. As at December 31, 2019, Toromont employed over 6,500 people in more than 150 locations across central/eastern Canada and the upper eastern United States. + +The primary objective of the Company is to build shareholder value through sustainable and profitable growth, supported by a strong financial foundation. + +# Description of the 2 Main Business Segments + +1. **The Equipment Group** includes the following 6 business units: + +* **^(Toromont CAT:)** ^(one of the world’s largest Caterpillar dealerships which supplies, rents, and provides product support services for specialized mobile equipment and industrial engines) +* **^(Battlefield Equipment Rentals:)** ^(supplies and rents specialized mobile equipment as well as specialty supplies and tools.) +* **^(Toromont Material Handling:)** ^(supplies, rents, and provides product support services for material handling lift trucks) +* **^(AgWest:)** ^(an agricultural equipment and solutions dealer representing AGCO, CLAAS and other manufacturers’ products) +* **^(SITECH:)** ^(provides Trimble Inc (NASDAQ:TRMB) technology products and services. Trimble is a SaaS company that provides positioning, modeling, connectivity, and data analytics software which enable customers to improve productivity, quality, safety, and sustainability. Target industries: land survey, construction, agriculture, transportation, telecommunications, asset tracking, mapping, railways, utilities, mobile resource management, and government.) +* **^(Toromont Energy:)** ^(supplies, constructs, and operates high efficiency power plants up to 50 MW, using Caterpillar's leading power generation technologies. Toromont Energy operates plants that supply energy to hospitals, district energy systems, and industrial processes.) +* Performance in this segment mainly depends on the activity in several industries: road building and other infrastructure-related activities, mining, residential and commercial construction, power generation, aggregates, waste management, steel, forestry, and agriculture. +* Revenues are driven by the sale, rental, and servicing of mobile equipment for Caterpillar and other manufacturers to the industries listed above. +* In addition, Toromont is the MaK engine dealer for the Eastern seaboard of the United States, from Maine to Virginia. +* ^(MaK engine is a marine diesel engine manufactured by Caterpillar) + +2. **CIMCO** is a market leader in the design, engineering, fabrication, installation and after-sale support of refrigeration systems + +* Performance in this segment is dependent on the activity in several industries: beverage and food processing, cold storage, food distribution, mining, and recreational ice rinks. +* CIMCO has manufacturing facilities in Canada and the United States and sells its solutions globally. +* CIMCO services the ice rinks of 23 out of 31 NHL teams. So if you are watching a game and the ice is shitty, you know who to blame… >!the Ice Girls, obviously.!< +* For those of you who live in the GTA and have skated on The Barbara Ann Scott Ice Trail at College Park, the trail was created using CIMCO proprietary CO2 refrigeration technology. + +# Management + +CEO, Scott J. Medhurst has been with the company since 1988. He was appointed President of Toromont CAT in 2004 and he came into his current position as President and CEO in 2012. He is a graduate of Toromont’s Management Trainee Program. + +CFO, Mike McMillan joined the executive team in March of 2020. His predecessor, Paul Jewer is retiring this year and has been working with McMillan during the transition period. + +VP and COO, Michael Chuddy has been with Toromont since 1995. + +On average, leaders have 29 years of business experience and have served at Toromont for 19 years. Seeing long tenures, good stock performance, excellent business planning and execution is usually a sign of strong leadership. In addition, insiders hold more than 3% (\~$175 million) of the company’s outstanding shares. Medhurst owns more than 170 thousand shares, Chuddy owns just under 100 thousand shares and the former CEO and current Independent Chairman of Board of Directors, Robert Ogilvie owns more than 2 million shares, making him the 4th largest stockholder. High insider ownership typically signals confidence in a company's prospects. Compare this to Toromont’s main Canadian competitor, Finning, where insiders own less than 0.4% ($12 million) of the company (this number varies depending on where you look, I just took the highest one I found). + +Recently insiders have been selling stock (Figure 1). I cannot speak to the reasons why insiders are selling but the remaining position owned by the insider is sizable and demonstrates that the executive still has confidence in the company. Some of the reasons insiders sell are: they don't believe in the company’s future, they need money for personal use, they are rebalancing their portfolio, among others. + +[Figure 1: Buy and selling activity of insiders \(the data is from MarketBeat, so take that for what it's worth\).](https://preview.redd.it/om970zgwas751.png?width=604&format=png&auto=webp&s=5c7f82d28b5ffed3752c5b36cb58ac289c1999a3) + +On a somewhat unrelated but still related note, 50% of Toromont employees are also shareholders. + +# Growth Strategies + +Toromont has five growth strategies (expand markets, strengthen product support, broaden product offerings, invest in resources, and maintain a strong financial position). I chose to focus on the following two strategies, as they seemed most prevalent. + +1. Expand Markets + +* Toromont serves a wide variety of end markets: mining, road building, power generation, infrastructure, agriculture, and refrigeration. This allows for many opportunities for growth while staying true to their core competency. Further expansion into new markets doesn't require Toromont to build a whole new business model or learn the intricacies of the new industry because their products stays the same. Thus, the main concern is the application/selection of the products for the customer. +* Expansion is generally incremental. Each business unit focuses on market share growth and when the right opportunity presents itself, geographic expansion is archived through acquisitions. + +2. Strengthening Product Support + +* In an industry where price competition is high, product support activities represent opportunities to develop closer relationships with customers and differentiate Toromont’s product and service offering from competitors. After-market support is an integral part of the customer's decision-making process when purchasing equipment. +* Product support revenues are more consistent and profitable. + +# Growth Through Acquisition + +Rapid growth in this industry is generally driven through acquisitions. Toromont has gone through multiple acquisitions since the 90’s: + +* Acquisition of the Battlefield Equipment Rentals in 1996 + * Toromont grew Battlefield from one location to 82 locations +* Acquisition of two privately held agricultural dealerships in Manitoba to form AgWest Equipment Ltd +* Acquisition of Hewitt Group of companies in Q3 2017 for a total consideration of $1.0177 billion + * $917.7 million cash ($750 million of which was finances through unsecured debt) plus the issuance of 2.25 million Toromont shares (equating to $100 million based on the 10 day average share price) + +**Acquisition of Hewitt Group of companies** + +This acquisition allowed Toromont to make headway into the Quebec, Western Labrador, and Maritime markets, as Hewitt was the authorized Caterpillar dealer of these regions. Hewitt was also the Caterpillar lift truck dealer of Quebec and most of Ontario and the MaK marine engine dealer for Québec, the Maritimes, and the Eastern seaboard of the United States (from Maine to Virginia). + +Toromont had total assets of $1.51 billion before the acquisition, the acquisition added $1.024 billion in assets, nearly doubling the balance sheet (look at Figure 2 for more details about the acquisition). + +[Figure 2: \(all numbers are in thousands\) The final allocation of the purchase price was as of Dec 31, 2018, Note 25 of 2018 Annual Report. $1.024 billion was added to the Toromont’s B\/S ](https://preview.redd.it/i7xn8sozhs751.png?width=616&format=png&auto=webp&s=fc6e7cfda55d9ee7b6bb3cfaded84c5985eba061) + +Large acquisitions like this one can be the downfall of a company. Here are some of the risks highlighted by management at the time of the acquisition: + +* Potential for liabilities assumed in the acquisition to exceed our estimates or for material undiscovered liabilities in the Hewitt Business +* Changes in consumer and business confidence as a result of the change in ownership +* Potential for third parties to terminate or alter their agreements or relationships with Toromont as a result of the acquisition +* Whether the operations, systems, management, and cultures of Hewitt and Toromont can be integrated in an efficient and effective manner + +In 2018, the Company started and successfully completed the integration of the Maritime dealerships acquired through Hewitt under Toromont’s decentralized branch model (bottom up approach). Under a decentralized model, regional leadership make business decisions based on local conditions, rather than taking top down mandates. A bottom up approach is an advantage in businesses like Toromont where the customer mix can vary vastly from region to region. It allows for decision-making that is better aligned with customer/market needs and more attuned to the key performance indicators used to manage the business. In 2019, the integration of the decentralized branch model was implemented in Quebec after its success in Atlantic Canada in 2018. Successful integration of Hewitt into the Toromont family shows the depth of industry and business knowledge possessed by the management team. Being able to maintain inherited customer relationships and ensure low turnover is no easy feat. Many companies have completely botched these kinds of acquisitions. One that comes to mind is Sobeys (the second largest food retailer in Canada) acquiring Safeway for $5.8 billion. Three years later, they wrote off $2.9 billion as a loss because they did not anticipate the differences in consumer habits in Western Canada vs Eastern Canada, among other oversights. + +The result of the acquisition and Hewitt’s integration with Toromont’s existing business produced a 39% increase in EPS in 2018 and 14% increase in 2019. + +# Dividend + +Toromont pays a quarterly dividend and has historically targeted a dividend rate that approximates 30 - 40% of trailing earnings from continuing operations. + +In February 2020 the Board of Directors increased the quarterly dividend by 14.8% to $0.31 per share. This marked the 31st consecutive year of increasing dividends and 52nd consecutive year of making a dividend payment. The five-year dividend-growth rate is 12.09%. + +[Table 1: Information about the last eight dividends ](https://preview.redd.it/ivy1gu57js751.png?width=589&format=png&auto=webp&s=b98341af142dbc0df4153a71bb59842bb8715443) + +# Risks/Threats and Mitigation + +**Dependency on Caterpillar Inc.** + +It goes without saying that Toromont’s future is heavily dependent on Caterpillar Inc. (NYSE:CAT). For those who don't know, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It has a market cap in excess of $68 billion. All purchases made by Toromont must be made from Caterpillar. This agreement has been standing since 1993 and can be terminated by either side with 90 days notice. + +Given that the vast majority of Toromont’s inventory is Caterpillar products, Caterpillar’s brand strength and market acceptance are essential factors for Toromont’s continued success. I would say that the probability of either of these being damaged to an unrecoverable point are low, but at the beginning of this year, I would have said the probability of the world coming to a complete stop was very low too and look at what happened. Anything is possible. The reason this is a major consideration is because it's a going concern issue. Going conference is an accounting term for a company that has the resources needed to continue operating indefinitely until it provides evidence to the contrary. This term also refers to a company's ability to make enough money to stay afloat or to avoid bankruptcy. If there was irrevocable damage to Caterpillar’s brand, Toromont is no longer a going concern, meaning the company would most likely be going bankrupt or liquidating assets. The whole Company might not go under because the CIMCO, SITECH, and AgWest business units would survive but, essentially \~80% of the business would be liquidated. + +In addition to the morbid scenario I laid out above, Toromont is also dependent on Caterpillar for timely supply of equipment and parts. There is no assurance that Caterpillar will continue to supply its products in the quantities and time frames required by Toromont’s customers. So if there is supply chain shock, like the one we just saw, there is the chance that Toromont will not have access to sufficient inventory to meet demand. Which in turn would lead to the loss of revenue or even to the permanent loss of customers. + +Again, both of these threats have low a probability of occurring but either could single handedly cripple Toromont’s business. As of now, Caterpillar continues to dominate a large market share (\~38% as per Gurufocus) in the industry against large competitors like John Deere, CNH Industrial, Cummins, and others. + +Caterpillar's stock has been on a slow decline for a couple years but that is due to reasons beyond the ones that directly concern Toromont’s day-to-day operations. I would say if you don't believe in Caterpillar’s continued market share dominance, investing in Toromont is probably not for you. + +**Shortage of Skilled Workers** + +Shortage of skilled tradesmen represents a pinch point for industry growth. Demographic trends are reducing the number of individuals entering the trades, thus making access to skilled individuals more difficult. Additionally, the company has several remote locations which makes attracting and retaining skilled individuals more difficult. The lack of such workers in Canada has caused Toromont to become more assertive and thoughtful in their recruitment efforts. + +To combat this threat, Toromont has/is: + +* Recruited 303 technicians to achieve growth targets +* Created 208 student apprenticeship programs +* Working with 19 vocational institutions in Toronto to teach about best practices and introduce the Company as a future employer to students + +As a result of these initiatives and others, Toromont saw their workforce grow by \~8% 2019. Growing the workforce is one of the primary building blocks for future growth. + +**Cyclical Business Cycle** + +Toromont’s business is cyclical due to its customers' businesses being cyclical. This affects factors such as exchange rates, commodity/precious metal pricing, interest rates, and most importantly, inventory management. To mitigate this issue, management has put more focus on increasing revenues from product support activities as they are more profitable than the equipment supply business and less volatile. + +**Environmental Regulations Affecting Customers** + +Toromont’s customers are subject to significant and ever-increasing environmental legislation and regulation. This leads to 2 impacts: + +1. Technical difficulty in meeting environmental requirements in product design -> increased costs +2. Reduction in business activity of Toromont’s customers in environmentally sensitive areas -> reduced revenues + +Threats such as these come with a business of this type. As an investor in Toromont, you can't do much to mitigate these kinds of threats because it's out of your hands. Oil and gas, mining, forestry, and infrastructure projects are major drivers of the Canadian economy, so I think there will always be opportunity for Toromont to make money, regardless of government action. + +**Impact of COVID19** + +While the company had been declared as an essential service in all jurisdictions that it operates in, Q1 2019 results were lower as a function of COVID19 reducing activity in many sectors that Toromont services. Decline in mining and construction projects lead to a decrease in demand for Toromont products in the latter part of the quarter. Revenues were trending for 5-7% growth for the quarter before the effects of COVID19 were felt. + +Management cannot provide any guidance on how to evaluate the impact of COVID19 on future financial results. They are focusing on ensuring the continued safety of employees and working with customers and the jurisdiction they operate in to evaluate appropriate activity levels on a daily/weekly basis. Lastly, management is keeping a close eye on how this crisis has led to an increase in A/R delinquencies and financial hardship for customers. + +The Executive Team and the Board of Directors have taken a voluntary compensation reduction. Wage increase freezes and temporary layoffs have been implanted on a selective basis. Management believes that expanding product offerings and services, strong financial position, and disciplined operating culture positions the Company well for continued growth in the long term. + +**Competition** + +Toromont competes with a large number of international, national, regional, and local suppliers. Although price competition can be strong, there are a number of factors that have enhanced Toromont’s ability to compete: + +* Range and quality of products and services +* Ability to meet sophisticated customer requirements +* Distribution capabilities including number and proximity of locations +* Financing through CAT Finance +* E-commerce solutions +* Reputation +* Financial health + +# Main Competitor in Canada: Finning International Inc. + +Finning International Inc. (TSE:FTT) is the world's largest [Caterpillar](https://en.wikipedia.org/wiki/Caterpillar_Inc.) dealer that sells, rents and provides parts and service for equipment and engines to customers across diverse industries, including mining, construction, petroleum, forestry and a wide range of power systems applications. Finning was founded in 1933 and is headquartered in Vancouver, Canada. + +&#x200B; + +|| Toromont Industries Ltd| Finning International Inc.| +|:-|:-|:-| +| Market Cap |$5.84B|$3.02B| +| Price |$65.66|$18.49| +| Dividend Yield |1.87%|4.36%| +| Number of Employees |\>6,500|\>13,000| +| Revenues (ttm) |$3.69B|$7.57B| +| Trailing P/E Ratio |19x|11x| +| Price/Book |3.71x|1.35x| +| Profit Margin |7.71%|3.54%| +| Places of Operations| Manitoba, Ontario, Québec, New Brunswick, Prince Edward Island, Nova Scotia and Newfoundland & Labrador, most of Nunavut, and the Northeastern United States | British Columbia, Yukon, Alberta, Saskatchewan, the Northwest Territories, a portion of Nunavut, UK, Ireland, Argentina, Bolivia, and Chile | + +^(Table 2: A quick comparison between Toromont and Finning.) + +I am sure there are some people looking at this table and thinking Finning looks rather promising based on the metrics shown, especially in comparison to Toromont. Finning’s dividend yield, P/E, and price/book look more attractive. Their top line is 2x. Not to mention it operates worldwide and is the only distributor in the UK, while Toromont only operates in half of Canada.>! Before you go off thinking “I need to use my HELOC to buy some Finning,” as some people on this subreddit are prone to do, ask yourself: do you see any cause for concern in the metrics listed above? !< + +>!One glaring question I have is: why is Finning trading at half of Toromont’s market cap given that it operates internationally and has twice the number of employees and revenues of Toromont?!< + +# Q1 2020 Financial Results + +&#x200B; + +[Figure 3: Q1 2020 Income Statement](https://preview.redd.it/18cmx05nrs751.png?width=579&format=png&auto=webp&s=a62b818719e2e4a05fd6d157a9e94a856117199e) + +Overall operating income, net earnings, and EPS all decreased even though Toromont saw an increase in revenue for the quarter compared to Q1 of 2019. + +* All of these decreases were contributed to COVID19, as the pandemic lead to increases in costs + +Historically, Q1 has always been Toromont’s weakest quarter. Q1 accounts for \~20% of yearly earnings and is consistently the least profitable quarter. Toromont’s profit margin generally ranges from 5%-9% progressively increasing into the later half of the year. This is good news for investors with the thesis that the economy will return to "somewhat normal" in the latter half of this year. The majority of the earnings for 2020 are still on the table for Toromont to earn. If current conditions persist, or there is a second wave and lockdown later in the year, we will most likely see a regression in Toromont’s growth to last year’s levels or even lower. + +Assuming the world does return to “normal,” many of Toromont’s customers (especially in mining and construction) may try to catch up for lost time with increases to their operational activity, leading to an increase in Toromont’s sales for the remainder of the year. Of course this is a major assumption but it’s a possibility. + +Below is a comparison of the last eight quarters. You can see the clear cyclical nature of their business. + +[Figure 4: Last eight quarters of earnings](https://preview.redd.it/bur69yclss751.png?width=614&format=png&auto=webp&s=b2fa50f4c13eae3e44e07451c3b588f9eba7962e) + +# Sources of Liquidity + +**Credit** + +* Toromont has access to a $500 million revolving credit facility, maturing in October 2022 +* On April 17 2020 they secured an additional $250 million as a one year syndicate facility + +**Cash Position** + +* Cash increased by 22.6 million for the quarter +* Cash from operations increased 13% Q1 2020 compared to Q1 2019 +* The company also drew $100 million from their revolving credit facility +* $4 million dollars of stocks were repurchased during Q1 2020 + +Given their access to $750.0 million dollars of credit and cash on hand equaling $388.2 million, the Company should have sufficient liquidity to operate if COVID19 and its aftermath persist for an extended period of time. + +# Financial Analysis + +**Analysis of Debt** + +Historically, Toromont has had very low debt levels. The spike in late 2017 was due to the acquisition of Hewitt. Management paid off the debt aggressively in 2018. At the end of December 2019 Toromont had $650 million of debt maturing between 2025 and 2027. As a result of COVID19 the company has taken on more debt. This additional access to debt accounts of the slight uptick in historical debt in 2020 (Figure 5). + +[Figure 5: Toromont’s historical debt, equity, and cash ](https://preview.redd.it/4uzekevets751.png?width=1000&format=png&auto=webp&s=3a55b4ded6dc8cdcd01148a0715b292dba7c4e8c) + +The long-term debt to capitalization ratio is a variation of the traditional debt-to-equity ratio. The long-total debt to capitalization ratio is a solvency measure that shows the proportion of debt a company uses to finance its assets, relative to the amount of equity used for the same purpose. A higher ratio means that a company is highly leveraged, which generally carries a higher risk of insolvency with it. + +The debt-to-equity ratio is at 47% and debt-to-capitalization ratio is 32%, Toromont has $388 million in cash that could be used to pay down debt by nearly 50% and bring the net debt-to-equity to 23% and net debt-to-capitalization to 18%. As mentioned before, management is holding on to cash to insure sufficient liquidity during these times. + +The implication of these ratios is that Toromont does not take on large amounts of debt to finance growth. Instead the Company leverages shareholders equity to drive growth. + +For comparison, Finning has a debt-to-equity ratio of \~100% (it differs between WSJ, 99%, and Yahoo Finance, 101%). The nominal amount of their total debt is \~$2.2 billion, which gives them a long-term debt to capitalization ratio 62%. Finning carries $260 million in cash. + +[Figure 6: Toromont’s debt-to-capitalization and debt-to-equity ratios](https://preview.redd.it/jom8mu3z0t751.png?width=516&format=png&auto=webp&s=a5e7dfe5a82786a2ec1b43f9b07375da8f6e3324) + +**Profitability Ratios** + +Return on equity (also known as return on net assets) measures how effectively management is using a company’s assets to create profits. + +Toromont’s return on equity is generally around 20%. Go to Figure 6 to look at the ROE for the last 4 years. In comparison, Finning has had a ROE of \~11% for the last three years, about 3% in 2016 and a negative ROE in 2015 (as per Morningstar). + +Return on capital employed (ROCE) tries to find the return relative to the total capital employed in the business (both debt & equity less short-term liabilities). Toromont’s ROCE (ttm) for March 31 2020 was 22%. This means for every dollar employed in the business 22 cents were earned in EBIT (earnings before interest and tax). Finning had a ROCE of 11% as of December 2019. + +**Liquidity Ratios** + +Working capital is the amount of cash and other current assets a business has available after all its current liabilities are accounted for. In the last ten years, Toromont’s working capital has fluctuated between 1.6 at its lowest (2018) to 2.8 at its highest (2016). At the end of 2019 it was at 1.8. Meaning current liabilities equate to 60% of current assets. + +Interest coverage ratio is used to determine how easily a company can pay their interest expenses on outstanding debt. Toromont has an interest coverage ratio 15x (as per WSJ). Finning on the other hand is at 4x. At this point I feel like I'm just beating up on Finning. + +>!For those of you who made it this far, I have to admit something to you. This whole post is just a facade to ask you a question that has never been asked on this subreddit before: Should I buy BPY.UN? It keeps going down and I'm worried if I buy it, it will keep going down and I'll lose money. I don't want to lose money. Although if you go through my post history, you'll see I've been looking at/buying penny stocks.!< + +# Key Performance Measures + +Below is a chart with key financial measures for the last four years. A few things I want to highlight: + +* Toromont had large capital expenditure last year (most of it went to increasing inventory) so they have the choice to keep capital expenditure down this year and preserve cash +* From the start of 2018 (aka end of 2017) to the end of 2018 Toromont stock was down about 3% while the TSX Composite was down more 12% and S&P was down 7%. This stock has a history of out performance not only on the upside but also on the downside. I'll go into a bit more detail in the next section. + +[ Figure 7: Summary of key financial measure for the last four years](https://preview.redd.it/6xcn5bvz2t751.png?width=627&format=png&auto=webp&s=53028227a931e7cd027e5e00aa56b7ce1eee4995) + +# Price Chart Comparisons + +I don't do technical analysis. To those who do, good luck to you >!because let's be real, you'll need it.!< This section is just to get an idea of past performance and evaluate the opportunity cost of investing in Toromont compared to a competitor or a board based index fund. + +I thought it would be easier to look at pictures as opposed to reading a bunch of numbers off a table. + +For the sake of not creating a picture album of screenshots, I just looked at charts for the last 5 years. If you're interested in looking at different time intervals you can do so on google finance. + +&#x200B; + +1. Toromont Industries Ltd v. Finning International Inc. + +[Figure 8: Five year price chart of TIH v. FTT](https://preview.redd.it/4af0o4f15t751.png?width=618&format=png&auto=webp&s=04fed4d3fe460a1ffc1206e8c1349784d7f58420) + +These are the only two Caterpillar distributors on the TSX, making them direct comparisons. If I was looking for exposure to this industry, I would be choosing between these two companies (on the TSX anyways). There isn't really much to evaluate here. It's like they saying: “A picture is a thousand words,” or in this case, it's 128%. If you have time, go look at the graph from August 1996 to now. I can safely say it hasn't been much of a competition. >!Toromont has outperformed by \~2500% in stock price appreciation alone. If you're a glass half full kind of person, I guess you could look at this disparity as Finning having enormous upside. LOL!< + +&#x200B; + +2. Toromont Industries Ltd v. S&P 500 Index + +[Figure 9: Five year price chart of TIH v. VFV](https://preview.redd.it/yznefhi94t751.png?width=620&format=png&auto=webp&s=d3b2eec50efe03d27475e7e240828e1d8348e636) + +If I'm not buying individual stocks, I’m buying the S&P 500 and to a lesser extent a Nasdaq index fund. This gives me a second look at the opportunity cost of my money. The story is not as bad as the Finning comparison. If you had bought $100 dollars of Toromont stock 5 years ago, it would have turned into $207 today, whereas the same $100 dollars in VFV would have became $157. + +Just a quick aside, you can see the volatility in Toromont’s stock is much higher compared to the VFV. VFV has a relatively smooth trend upwards while Toromont trends upwards in a jagged path. This is the risk of single stocks, they move up and down more erratically, leading inventors who don't have a grasp of the business or conviction in their pick to panic sell or >!post countless times on Reddit asking why their stocks keep going down. “I bought the stock last week and it's done 3% already, do you guys think it’s going bankrupt? I thought stonks only go up???”!< + +&#x200B; + +3. Toromont Industries Ltd v. S&P/TSX Capped Industrials Index + +[Figure 10: Five year price chart of TIH v. \^TTIN](https://preview.redd.it/dtdemhde4t751.png?width=611&format=png&auto=webp&s=44d48c37fc27a8efae305b27def5a50913bcba7b) + +The S&P/TSX Capped Industrials Index isn't my favourite comparison for Toromont because its constituents cover many industries ranging from waste management (WCN), to railways (CNR/CP), to Airlines (AC, >!lol, had to mention it. I miss the days when there were double digits posts about AC. I wonder where those people have gone, because I can tell you where AC stock has gone... absolutely nowhere).!< Regardless, I used TTIN because I deemed it a better comparison to Toromont than the entire TSX. The story is on par with the other two comparisons. Toromont’s out performance is significant. + +I just threw this bonus chart in here because when I saw it, I was like BRUHHH (insert John Wall meme)… It's completely unsustainable but that's impressive given the vast differences between the two. + +4. Toromont Industries Ltd v. NASDAQ-100 + +[Figure 11: Five year price chart of TIH v. ZQQ](https://preview.redd.it/vlc3qlu65t751.png?width=617&format=png&auto=webp&s=3ee1424a00f5be93a654af3f1f1e6453bfcf94f9) + +Now, of course, past performance does not dictate future results and all that good stuff, but it really gets you thinking about how the rewards disproportionately favours winners compared to the overall market. People are generally happy getting market returns >!(i.e. the just buy VGRO people)!< but being able to pick even a few winners really pays. This reminds me of the Warren Buffet quote: “diversification is protection against ignorance.” The context of the quote is that if you are able to study a few industries in great depth and acquire a wealth of knowledge, you can see returns astronomically higher than those who diversify across the board market. The problem then becomes you put yourself at risk of having all your eggs in one basket. Look at what's happening with Wirecard in Europe right now. This is why the real skill in investing is managing risk. + +# Analyst Price Targets and Estimates + +The prince targets set for by analysts range from $63-$81. The average price target is \~$72, with the majority of targets within the 70-$71 range. Given the current price of $65.66, there is a \~10% upside. These price targets haven't changed much due to COVID19 even though revenues and EPS forecasts have been downgraded for 2020. The consensus estimate on 2020 revenues is $3.36 billion, down from the actual revenues of $3.69 billion in 2019 and the consensus EPS for 2020 is $3.01 down from actual EPS of $3.52 for 2019 and $3.10 for 2018. The fact that revenues and EPS forecasts have been downgraded, yet price targets remain untouched, for the most part, indicates that the effects of COVID19 are expected to be short-lived. + +[ Figure 12: Earnings and estimate ranges for Toromont. Note: EPS numbers in this graphic are diluted EPS numbers. ](https://preview.redd.it/y565rvsu7t751.png?width=639&format=png&auto=webp&s=f114fdbf34553c4e5181db8af87ce3f296c931fc) + +# Valuation + +**Multiples** + +Assuming P/E ratio stays the same as it has been for the last 12 months (\~19x) and EPS goes down to \~$3.00 (as per analyst consensus), the implied price would be $57. + +Using the last 12 months of revenues, the EV-to-Revenues ratio is at 1.56x. Assuming that ratio stays the same and with revenues estimated to be \~$3.36 billion, enterprise value (EV) comes out to $5.2416 billion. Using Q1 2020 figures for shares outstanding (82.015 million), cash ($388.182 million), and debt ($745.703 million), the implied price for a share is $58.94\*. + +^(\*Note: Enterprise Value is equal to market cap plus total debt minus cash.) + +**Dividend Discount Model** + +The dividend discount model (DDM) is a method of valuing a company's stock price based on the theory that its stock is worth the sum of all of its future dividend payments, discounted back to their present value. + +The average dividend growth rate is 12% for the last 5 years is 12%. There is no way Toromont can increase the dividend at this pace in the long term, thus, I chose a long term dividend growth rate of 5%. This is the assumed rate in perpetuity. The required rate of return will equal WACC, 6.85% (averaged from 2019 Annual Report). The dividend over the last year is $1.16 (two payments of $0.27 in 2019 and two payments of $0.31 for 2020). + +The fair value equals $65.84. + +[Figure 13: DDM calculation. ](https://preview.redd.it/asymstfm8t751.png?width=498&format=png&auto=webp&s=9eaba773b2371afbf9d39f646d33e5540cec099a) + +# Closing Thoughts + +There is no doubt that Toromont trades at a large premium. The current P/E is 19x and the CAPE ratio (Shiller P/E) is 26x. The fair value of the Company as per Morningstar research is in the mid $60 range. + +Based on all valuations I did and analyst price targets, I would start buying in the high $50 range or maybe the very low $60 range, but my belief in the company has to do with long term thematic trends and how the Company operates, rather than today's price. Although I have to admit, the price does look more attractive now than it did in the beginning of June when the stock hit new all time highs. It seems like the only companies hitting new all time highs these days are tech companies, so it's refreshing to find a non-tech company achieving the same feat. + +Toromont is not going to double next year or the year after that. It is a relatively low margin business, with slow growth and a cyclical business cycle. I like that the Company has strong financials, low debt, and good management. They don't take shortcuts or unwarranted risk. Future growth will mostly be driven through acquisition, but management is cautious with acquisitions and don't overextend themselves. One of the biggest problems Finning has been facing for the last couple years is political and social turmoil in South American countries which is affecting their mining clients and thus affecting revenues/margins. + +The Q2 earnings are reported on July 22 202. We should have a clearer picture on the prospects of the Company from management. Hopefully we have a better idea of the COVID19 situation by then too. Regardless, I think the company is in a position where its services will always be in demand so short term fluctuations are not something that shake my confidence in this pick. + +# Limitations and Further Areas of Research + +By no means is this an exhaustive due diligence report. This is enough for me to feel confident in the business and its trajectory. Limitations/further areas of the research include: + +* Looking into the growth of each sector Toromont services and extrapolating that growth to calculate Toromont’s future growth opportunity. + * As per IBIS Research the heavy equipment rental market in Canada is \~$8.3 billion. It grew 1.1% yearly for the last 5 years. + * The US market is estimated to be $47 billion, with an average growth of 2% for the last 5 years + * Sorry but I couldn't get my hands on future projections as each report is $750 +* More research into competitors + * I chose to include Finning only for simplicity’s sake. But there are many other competitors like: + * United Rentals (NYSE:URI) provides similar services to Toromont/Finning in 49 U.S. states, 10 Canadian provinces, Puerto Rico and four European countries. The only thing being they aren't distributors for Caterpillar. + * Rocky Mountain Dealerships Inc (TSE:RME) sells, leases, and provides product and warranty support for agriculture and industrial equipment in Western Canada + * Holt Cat, N C Machinery, Ziegler CAT (none of these companies are publicly traded) +* Further analysis can be done on the B/S and accounting treatments. +* The effects of automation in the industry + * Distributors in the US have started working with industrial automation companies to provide autonomous construction equipment on rent to contractors + * Sunstate Equipment Co.'s partnership with Built Robotics +* I was not able to do a discounted cash flow, which would be critical to finding the intrinsic value for Toromont and having true confidence in the company and its trajectory. +* Further analysis of CIMCO and prospects of future growth + * Based of the financials, CIMCO seemed like a small part of the business, which is why I mainly focused on the Caterpillar dealership side + +These are not all the limitations or areas of further research, they are just the glaring one that came to mind. + +>! I know I took a few shots at people in this post. It's all in good jest. If you're offended well.... maybe you should be. I don't know, you have to figure that out on your own or you could make a post on Reddit asking random people on the internet whether you should be offended or not. !< + +Remember I'm not an expert, I'm just a random guy on the internet. + +# Disclosure + +I am long Toromont. This information is not financial advice. Please do your own research and/or talk to a financial advisor. All data provided is current prior to the market opening on June 29, 2020. Inconsistencies in data can be due to many reasons, the foremost being that data was spruced from multiple different websites. +# You cannot open an actual account + +&amp;#x200B; + +if you're like me and watch youtube and you are jealous that our neighbours to the south have webull. Honestly webull charts, data, just everything is amazing. + +By a stroke of luck, I just randomly made an account thinking nothing of it but you can have all the data, charts etc. The only thing is you cant trade on the platform. + +But hey usually you pay $50/m on questrade for real time data charts and here you get it for free +Ok so houses are mostly going for $50-$100 over asking in my city. My wife and I have great credit and are sitting on a small mortgage so we're looking to sell and free up some investment capital. We're in southern Ontario. + +My wife has experience with interior design and I am able to do repairs and medium renovations. We did really well with our current house and would like to repeat the process. We are also interested in keeping rental properties. + +Notes: +- Our house is in an area that any further upgrades will have very little effect on the overall value. + +- The appraisal value is about $100 less than what the house will sell for, so a refinance won't get us that much. + +- New builds are almost cheaper than resales + + +I have a question about our options, any help is appreciated. + +1. Sell this house, rent something until the market settles down and buy another house in the city for around $400. Put 5% down and use the rest to put down on a cash positive multi-unit. + +2. Sell this house, buy a new build outside the city for $450. Put 5% down and use the rest to put down on a cash positive multi-unit. Sell the new build in 3ish years and repeat. + +I've been told that a 6+ unit building that has tenants qualifies for its own mortgage or something like that? Is that a thing in Canada? We should have enough for a 30-40% downpayment, but there's no way we'd qualify for the debt load on a building like that. Unless that's the point... We'll have enough for a large down payment on whatever we want, I just don't know how to carry the debt load of a cash positive property. Maybe that's not a thing. Sorry for my ignorance, any help is greatly appreciated. +I don't know if this is reasonably answerable, but I thought I'd ask. + +There are plenty on both sides of the isle that thinks the banks should have went under instead of being given bailout money. What do the effects of that look like for the country and maybe even the world? +Let's assume you developed an algorithm that makes a steady 20% (part backtesting, part forward testing) a year on stocks. How would you monetize this knowing you don't have a lot of money to spend? + +What would you do? + +Myself, I see a couple of options: + +1. Start an investment fund and gather money from people to invest. Downside is, you need to manage a lot of assets (3m+) before you make enough to make a living and you'll need a bag of cash to cover all costs involved in founding such a firm. +2. Use it to invest yourself. Could be very lucrative but if you start with 10K savings money and make 20% a year it takes a very long time before your net worth reaches a respectable amount. +3. Create a trading signal service and sell the decision of your algorithm to other people. +4. Try to sell the algorithm to some investment firm as a one time sell. +5. Any suggestions? +Last Monday 12/10 I went to the Mazda dealership to get my car key replaced after I lost it. When I got to the checkout counter they told me there was nothing for me to pay. My invoice was for $0.00 and I asked multiple times and the lady behind the counter told me there was no charge and I was free to go. + +Today, 8 days later, I get a call from a guy at the shop who says giving me the key for free was a mistake and accounting is freaking out. Do I have any leverage here? + +Please help me. The key would be around $350. I asked the lady multiple times if the invoice was correct and she assured me it was, now they’re asking for money saying it was wrong and I feel like I shouldn’t have to pay due to an error on their end. +I love you all, really I do. + +The issue here is that the creation of a single identity will be our destruction. There's people framing us as if we prop up stocks, or are attempting to (as if we make gains?). They're exploiting our collective strength and we're playing right into it. I heard He-Who-Must-Not-Be-Named saying that we are going to "attack" Citron with a planned surge of purchasing right after their livestream. + +While this is fun to think about, and it's amazing we can go against the best, they're just setting us up to get taken down. I don't want WSB to be seen as an organized entity, which we really aren't. We need to stay loose like my wife after my mom's boyfriend is done with her. I'm worried that the spotlight we're getting with the strength we've developed will really just be the end of something amazing. + +SO what can we do? + +STOP saying stupid shit. + +STOP acting as if we actually affect the market. + +and comment on this thread what you think + +EDIT: Citron you mess with the bull you get the horns +I've been researching leveraged ETFs because x3 returns sounds pretty awesome. I keep reading they are not meant to be held longterm. The reasons they give seem pretty weak. + +1. Leverage Decay. That the ETF won't go up as fast as it goes down since it mirrors the index daily. But comparing YTD returns a leveraged ETF most often is around the X3 YTD returns. +2. Fees. Yes they are high but I imagine X3 returns usually more than makes up for this. + +Am I missing something here? +Are ARKK funds inflows propping up the underlying stock prices? Can the fund continue itself without continuing to get regular investment $$ coming in? Are they essentially using stock buy backs to prop up the price using new capital? + +Plus, with reverse copycat Cathies who buy the underlying as soon as they catch wind of ARK trades and lead to these massive pumps. In any event, will it end badly for ARKK investors as the process effectively starts to reverse with money coming out? +I'm a bit concerned, that this guy is trying to scam me. From what I've read about cashiers checks, they are generally regarded as safe but can take up to a week for a bank to determine if a check is fraudulent. And by that time I may have already given the guy myself. It seems really sketchy that he won't pay any other way. In my opinion, if he has the funds in his bank, he should be able to at least pay in cash. +Bare in mind: + +\- I have 5+ years until I will finish university + +\- I would set aside 5(ish) hours a week to learn to code + +// + +Which should I learn / which should I learn before the other and to what level? + +// + +Much appreciated - George +Labor immobility causes a huge economic loss, so would it be a net plus for the government to pay for moving expenses (possibly airplane ticket, and lost wages for long/complicated moves). + + +Maybe give each person 2 or 3 moving vouchers for their life that can be redeemed to the government for expenses. +I'm a layman, and I'm looking for a book written for a popular audience (not a textbook) that will give me an introduction to basic economic principles. Is this book reliable? +I’m sorry if this is the wrong sub, but I’m just a bit confused. + +Since the U.K. left the EU immigration from the EU has dropped off… Immigration from the EU was typically the source of cheap labour - whether it’s lorry drivers, fruit pickers, abattoir workers etc + +Boris Johnson keeps saying because we’ve left the EU it’s meant businesses can’t rely on cheap labour anymore, so they’re going to put wages up, up skill people etc etc. + +But if wages go up, prices for the consumer will likely go up (e.g increase wage for a lorry driver for a supermarket, more expensive to transport food, pass cost onto consumer). + +So is there actually a net wage gain? Do people (hypothetically or otherwise) end up better off in the short/ medium/ long term? Or are things just going to get more expensive and wages rise accordingly? + +I really don’t care for the politics, I just don’t understand the economics bit. + +Thanks +Just now two US Senators have proposed a bill to congress that would exempt crypto transactions under $50 from crypto taxes. Good to see some people pushing for the right regulation of Crypto while keeping crypto adoption and government protection equally on sight. + +Some may say that no crypto taxes at all would have been better but I disagree here, there should be no problem in giving some money to the government for public services (whether they actually do that is the other question) I mean we are protesting so that rich people should pay taxes so we should pay too. And under $50 seems like a very reasonable mark depending on how high the tax would be over that. +Look at this transaction from f2pool to the Status crowdsale: + +https://etherscan.io/tx/0xecebe96fc1f70522ed3240b7ae53ce75ae87d33d697990cc0e78738a215051c2 + +>Gas Price: 0.000000049999780307 Ether (49.999780307 Gwei) + +Guess what, that block was mined by... f2pool + +https://etherscan.io/block/3903912 + +> Mined By: 0x61c808d82a3ac53231750dadc13c777b59310bd9 (f2pool) in 23 secs + +f2pool prioritised their transaction over the thousands of 50 Gwei transactions that were also trying to get to the Status sale contract. + +This is material evidence of f2pool not only mining empty blocks and preventing the block gas limit from going up, but also discriminating in favour of their own transactions + +It's easy to imagine a "premium service" for people that would pay f2pool in exchange for including their transactions, regardless of EVM variables such as gas price and so on. In fact, that is likely already happening behind the scenes. + +Again, f2pool otherwise mines empty blocks https://etherscan.io/blocks + +>3907044 56 secs ago 0 0 f2pool + +Miners, please point away from f2pool immediately. + +This is an absolute scandal +**Notes from the Talga AGM** + +So i went to the Talga AGM today. Overall was a really good experience, MT was very relaxed and also in person an absolute unit of a man. I left feeling very confident in the company's prospects for next year. + +Some key notes i took (and keep in mind i am not an analyst and was just writing what i could on a notepad. Accordingly some of these bits are vague and I probably use the wrong terminology.) + +* **JVs:** MT brought this up and then explicitly stated that he can't provide any further information on this while they are still in commercial negotiations. Nothing I can report that we didn't already know. +* **Binding-off-takes** have not been signed yet due to the years-long process of qualification required by customers. Nothing really can be done to speed this up, just gotta go through the process. Patience required. +* **A couple of (literally) overnight events have occurred to the benefit of Talga:** + * Last night the Swedish Green party (the dominant force against mining in Sweden) quit the ruling coalition as the centre-left coalition's budget bill was defeated in parliament. The government budget was rejected in favor of a rival bill put forward by three right-wing parties. The remaining coalition parties are substantially more pro-mining. + * I didn't catch this one properly - according to MT last night the EU introduced some sort of new critical minerals policy? I did a quick google search on this but couldn't find anything (if anyone else finds it - put in comments pls). MT was saying it opens up new pathways for financing Talga. +* **Regarding Vittangi:** + * MT stated that he thinks the ore body at Vittangi/Niska will eventually be considered the single largest *contained* graphite body on earth. + * To indicate how high quality the known ore body is, MT said if you scraped a 1m thick length of the deposit at Niska, that would provide all the graphite necessary for 1 year of anode production - and that the deposit is up to 50 m thick in places. + * The eventual anode yield from Vittangi is 'probably' 10x higher than for the second best of Talga's competitor +* **Regarding EVA plant revenue** + * Some revenue will be generated but it won't be 'material'. The plant is not going to pay for itself. However graphene from the plant will be sold to some customers. +* **Regarding the graphene business:** + * They have not abandoned the graphene business - it is getting more mature. However, the reason it is fairly quiet at the moment is because banks don't have the technical ability or experience to model the graphene market and therefore it is extremely difficult to get funding for the graphene materials business. Hence the getting the anode supply business up and running and generating revenue is the priority, so that this can help support investment in the graphene product line. + * MT says next year TLG will be receiving contracts for 'decent' (his wording) amounts of graphene + * TLG has tens of patents pending in a whole range of graphene & battery products +* **Drilling Assays / exploration drilling:** + * Another 50 holes worth of assays to be reported. Assay results taking ages (same for every mining company - a global problem atm). + * MT says we should get most assay results back by end of Jan, and probably all will be reported by end of Feb/March 2022. +* **Regarding the possibility of natural graphite anodes becoming obsolete tech:** This was probably the most interesting part for me. MT said that he believes the current discourse around battery tech in the media is about 2 years behind the actual technology, and *10 years behind the reality of the commercial environment.* + * He gave the example of a a Bloomberg New Energy Finance analyst who said to MT that he thought we would see solid state batteries in vehicles in 2 years, which MT laughed at, arguing that if it takes more than two years for existing, proven battery technologies to undergo qualification processes, how is concept-level battery tech going to begin competing with current Li ion batteries in the next 5-10 years? He continued to home in the point that what you hear and see in the media is not the reality of the commercial situation. Every time we hear about a new battery tech, in most cases it has been known about and researched for decades, and abandoned for not being commercially viable (e.g. lithium-air battery) + * Also pointed at that there isn't a single gigafactory currently being built or planned to be built that could provide commercial quantities of alternative battery types that do not use graphic anode). Hence, obsolescence of graphite anodes won't occur any time in the near future. + * Regarding natural graphite vs synthetic graphite: no synthetic process can match the economics of the Vittangi given the amount of energy required to condense graphite to the same concentrations as seen at Vittangi. They simply won't be able to match Talga on price (or emissions) once the mine is up and running. + * Someone asked a question about graphite generated in the process of making hydrogen and whether this was an issue for Talga - again, MT basically said there is no way it could compete given the significant energies that would be required to produce a comparable density of graphite with respect to Vittangi. +* **Some other stuff:** + * Someone asked a question about Final Engineering Design (or was it front-end engineering design? - acronym used was FEED) for the mine. I didn't really get this part. But the TLG head engineer at the meeting stated that the FEEDs will all be completed in 2022. + * I met a woman who first invested in Talga back in 2013. She was, justifiably, quite smug. + * I got to touch the graphite tesla. It was fucking heavy. Also conductive - you can complete a circuit by attaching two electrodes to it and light up an LED. + * Oh and i got a photo with MT hahah. Proof below. + +https://preview.redd.it/8phyzjnhmp181.jpg?width=750&format=pjpg&auto=webp&s=0fd01979b6a84def7a9b0d4998ec2b4965c29f5f + +u/rhythm34 u/Rude_Jello_377 +To those who don’t know who Martin Shkreli is, he’s that pharma bro guy. He definitely knows how to trade. He single handle forced a 10,000% short squeeze on KBIO. + +I don’t agree with everything he says in here. For instance, he suggests short interest might not have been as high as we thought, which has proven to be false. Regardless, with the borrow rate rising rapidly, I thought people might be interested in his comments on the old sub. + + +>I think the borrow rate is the key. I am told the locate is actually quite easy: eg, a hedge fund can short 1m shares if it wanted to. + +>At the moment, that's a $300m position, which is quite large for even the biggest hedge funds. The borrow rate is 50%. What does that mean? Short sellers have to pay longs 50% interest (annual, simple) to borrow the stock. GME can get cut in half and you can break even, IF that rate persists. It may not persist. It may grow higher. + +>I’d watch the borrow rate as the #1 indicator for the stock. If the borrow rate goes down, the stock is probably in trouble as your incremental buyer may not be there. If it climbs to 100%+, it indicates significant pressure (and expense) on the shorts. I think the stock is less shorted than people here might think and most of the price action is being dictated by speculative long buying. + +>Short interest data is often misleading. A broker dealer is allowed to have shorts that are hedged against calls without necessarily getting a locate. The mechanics of this stuff are very arcane and it's not clear that it is policed at all. Of course, speculators need to have a locate before shorting. + +>**I can't repeat enough: watch the borrow rate, it's all that matters. Ignore the short interest numbers.** +I’m in Sydney, just went for a haircut at the barber I’ve been going to for 4 years. He’s the best for the type of hair he cuts located in the city. Even during covid when restrictions he was packed. + +You can’t book to see him and takes around 3 hours waiting to get your turn. + +I walked in today on a Saturday and there were still people but didn’t have to wait at all. + +Second thing I’ve noticed is invoices are taking a little longer to be paid with various excuses. I work as a contractor and have noticed delays in getting paid which has never been an issue. I contract for three separate companies/entities and issue happening with all three. + +Anything you’ve noticed? +I’m in Sydney, just went for a haircut at the barber I’ve been going to for 4 years. He’s the best for the type of hair he cuts located in the city. Even during covid when restrictions he was packed. + +You can’t book to see him and takes around 3 hours waiting to get your turn. + +I walked in today on a Saturday and there were still people but didn’t have to wait at all. + +Second thing I’ve noticed is invoices are taking a little longer to be paid with various excuses. I work as a contractor and have noticed delays in getting paid which has never been an issue. I contract for three separate companies/entities and issue happening with all three. + +Anything you’ve noticed? +I'm working on a commercial building that I purchased recently, came to find a stop work order on my door. We have permits for exterior work but not interior as we aren't doing much, but some of the work would require permits. + +Called the inspector and he says he entered the building, asking him how and when since I never saw him there, he states that the door was halfway open so he walked in. There is just no way we would have left the door open, plus it has a spring hinge to automatically close. + +Debating on calling the head of the permits/inspections dept. Or going ahead and filing a police report for basically breaking and entering. + +Any suggestions? + +Update : 11/3, I just spoke to the inspector and he said the door was locked so he tried the lockbox which for some reason was set to the combination so he took the key out and proceeded to enter the property. I told him that the majority of work were doing inside does not require permits and I'd get the necessary permits for the addition work. He seemed to change his tone once I mentioned I felt as though he entered my property illegally. I'm still not 100% sure if I should do anything about it or not. +Creating so much money like governments have been doing again and again for the 2008 crisis and now the COVID crisis could make the money become worthless right? That's what happened in so many countries including Germany in the 20-30 if I am correct. So we could be suddenly in a similar situation where we can't even buy food I see that as a realistic possibility is that correct? +A year ago, I made a post asking for advice on potential investments. I didn’t follow it besides buying XEQT. After a full year of investing or should I say gambling, I’ll be sticking to ETFs moving forward. I’m 28, thankfully I get to correct my wrongs now than later but losing what I’ve saved throughout the years sucks! FOMOing took its toll on me and as an individual investor you cannot beat the market. + +For those of you who are in my shoes, stick to ETFs, blue chips and have a plan in mind. + +Last years post: https://www.reddit.com/r/CanadianInvestor/comments/ktj1y6/3_fund_etf_portfolio/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +So I am just doing my usual late night googling about a certain Market Maker for a certain stock...anyway yada yada I found my way to an article from 2019 about Robindahood and how they were fined for some shady stuff with their PFOF. The article listed Wolverine Securities LLC as one of their main buyers so I started looking into them. + +This is where it *COULD* be interesting I don’t understand this stuff super well. According to [this](https://fintel.io/so/us/gme/wolverine-trading) Fintel page, as of May 14th, they own about 1.3 million GME puts. + +Thing is they also own just under 1 million GME calls. Is this normal and they are just hedging their bet? Still weird how they can over 126 million shares in puts. Also this seems eerily close to the 1.1 million puts that popped up from those Brazilian firms. + +But how are these related you might ask? Well [FINRA](https://brokercheck.finra.org/firm/summary/172711) cancelled the firms license in June of this year for not paying a fine of $20,000. Seems like chump change for a firm with over $500,000,000 in GME options (I know it’s not the same as having that money something something option but not obligation). + +On top of that as of July 12th, their registration status with the SEC was terminated. Now this part I’m kind of lost on because it says this is usually done to get a company delisted off the exchange, but I can’t find anything about them being a publicly traded company or historical data besides Wolverine worldwide inc which is likely a subsidiary. The only thing is, that stock is still listed. According to google, after your registration is terminated you have ten days to fix your shit or the delisting is done “swiftly”. It’s been just under a month since theirs was terminated. + +Some more googling shows that this behavior is what some consider “going dark”. *Most* of the time this signals the company has poor future prospects and doing this usually initially causes negative returns. + +Could they have blown up and tossed their short position onto those Brazilian firms? Is all of this just normal behavior!? Find out soon if this gains any traction and someone smarter and more wrinkled than me can actually explain stuff! + +TADR: +Wolverine Securities LLC has a 1.3 million put options in GME and possibly exploded + +Edit: Also just throwing [this](https://www.reddit.com/r/Superstonk/comments/ooptc3/i_aint_hear_no_bell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) here. It’s a post by our boi Atobitt that highlights some of the shady shit this firm has done in the past + +Edit #2: I would like to point out the May 14th date I put is the filing date. The date those numbers are reported from are March 31st. My bad. + +Edit #3: looking at the Bloomberg Terminal data from yesterday, Wolverine Trading owns 13,843 put options but their 13F says 1,384,300. Weird it’s off by a factor of 100. However, the “top” put owner Simplex’s ~80,000 puts is accurate to their most recent 13F. Weird stuff y’all another “glitch”? +Hi everyone, this is my first time posting to Reddit so apologies in advance for any novice errors. + +I grew up low-income and was very fortunate to have graduated college through the aid of scholarships, grants, and loans (I’m a first-gen grad, fwiw). I landed a pretty decent job after graduating and have been helping my parents and sibling with expenses since. + +My brother is off to school this fall and I’d always planned to help pay for his tuition, but I’m not sure if the right thing is to tell him up front, or have him believe he’s liable for school payments and have him take out *subsidized loans* (this is important because they are 0% interest loans while he’s in school), and make a bulk payment once he’s graduated. I ask because I think there’s a personal finance/ownership lesson to be learned here, especially since he’s kind of always leaning on me, but I don’t want him to feel stressed while he’s in school. I should note that any discretionary expenses or emergencies I will 100% cover and he knows this—I’m purely talking about taking out loans for tuition. I suppose there’s also a secondary effect that taking out loans would give me more time to save $ (don’t have a ton saved right now), but the question really is about whether or not I should tell him my plans. + +TL;DR: I know what it’s like to navigate college under the extreme pressure of worrying about paying for tuition and don’t want him to go through the same. But, at the same time, I’m not sure if I’d be taking away an opportunity for him to be self-sufficient and learn about finances now if I front-load this info. + +Would appreciate any thoughts, and thanks in advance. + +******Update: wow, thanks everyone for all of these comments...I woke up this morning stunned by how supportive you all are. Truly in shock!!! I completely agree about not making my brother work 40 hours a week, and to be clear, that was never the plan. I will keep reading your comments and come back with an update when he’s received all of his financial aid and we know exactly what the gap is. Thank you all again!!!.****** + +Also, fwiw, I’m his sister, not his brother ;) +I mean it’s obvious most of us are but I just really am mind fucked thinking about all the possibilities. + +I grew up seeing the full evolution, starting with Atari and DOS games, shit that make dark souls difficulty feel like a bad comedy joke. + +I remember the first time I played Mario 3, Playing my first RPG final fantasy and following the ever evolving landscape of gaming through each iteration. I played Chrono trigger so much that my stats felt over 9000. Hell I even remember being the only one of my brothers who could enter in the dragon ball cheat code fast enough to unlock a character during the intro screen. + +I feel I was mostly raised by games and they were always there for me while being constantly demonized by my parents, media, and even peers. I’m in a pretty damn good spot in my life and I have gaming to thank, for keeping me going and facing every boss battle in life with the intent to try my best and learning from every time life handed my ass to me. + +Even now I’m laughing as when the 25th hits regardless of GME’s price and my financial standing, I’ll be playing Elden Ring while Kenny and the boys are scrambling to keep their eggs from getting cooked. I just fucking love to game. I love how much more it’s getting accepted. + +The future of gaming is going to be fucking insanity and I’m glad to be a part of ushering that in. Apes the fight isn’t over and I truly hope that when it is we can pave the way for a healthier world both in and out the gaming universe. + +The age of systematic abuse is coming to an end and the Renaissance of gaming and gamers will bring is just beginning. Looking forward to what comes next and sun bros/gals I meet along the way \\[T]/ + +Tl;dr 🦧 ❤️ 🎮 + +Let’s fucking go🚀 +No, really, are they out of their mind? + +Do they have any idea how long a bear can last and how many coins can be lost and eaten up forever. + +The bear market knew to “eat” the coins that were in the top10 so we only have BTC, ~~ETH~~ LTC and XRP out there that survived it from 2013. + +Dip is one thing, crash and bear is another. And it can last for a long period of time. + +What bear brings to us: + +\- General distrust in cryptocurrency + +\- Investors are losing confidence in the market + +\- Prices are decreasing for possibly longer period of time + +\- Negative talk of cryptocurrency in news, social media, mainstream media and so on + +And no, I don't wish for a bear market so I could accumulate more coins. Some dips are totally fine. For me DCA is also a good strategy for a long term investor. Why the hell would I want bear market? It is not that fun at all! +I wanted to understand what your annual spending is. I know this varies a lot, but I thought this might be useful for members in the group (and for me) to understand where I fall on the spectrum and if I'm spending too much. + +Family: Wife and me, no kids. +Total vested compensation pretax for my household (incl. 401k match): ≈390k +Total annual spend: ≈80k +Age: 25 +Location: Bay Area + +Our rent makes up ≈40k of this. Vacations make up ≈10k (we like to travel, and want to do it while we're young and free). + +Feel free to share your numbers if you're comfortable. I would also love your thoughts on my spending -- what do you think? +Hey there, + +I am thinking about investing it but to be honest have no idea about it. Should I talk to my bank? Its better to do it online as the bank takes high fees right? + +Also what amount of money do you need to be able to live off the returns of the investment? + +thank you for your help guys. +[https://betterdwelling.com/canadas-super-rich-actually-own-a-bigger-share-of-wealth-than-previously-thought/](https://betterdwelling.com/canadas-super-rich-actually-own-a-bigger-share-of-wealth-than-previously-thought/) + +**Key takeaways:** + +* The new model suggests Canada’s super rich own a much bigger share of wealth than thought. The top 1% of households were previously estimated to hold 13.7% of wealth in Canada. Under the new model, that number rises to 25.6% of total wealth. The top 0.01% alone saw their estimated share jump from 0.4% to 5.6% of wealth. +* The revised numbers mean a ticket to the one percent club is fairly steep. To be in Canada’s one-percent, you need a minimum net-worth of $6.1 million. The top 0.1% requires a minimum net-worth of $29.3 million now. The 0.01% has a minimum net-worth of $143.1 million dollars. Net-worth is defined as household assets minus liabilities. +* The vast majority of people across Canada actually fit in the lower 80% of households. The middle 40% of households have a net-worth between $100,000 and $1 million. Below $100,000, and your household net-worth is in the bottom 40% of households. Just used all of your cash to make a 5% downpayment on a million dollar home? You’re in the bottom 40% of wealth. +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 /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +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) +tldr - My car loan was paid off/closed in error. Do I keep fighting it? Or is the universe providing for me ;)\~ + +&#x200B; + +**\*Update\*** \- Checked my credit report - No new accounts are showing that they've been opened so I don't think the loan has been sold. + +**BUT** I called the bank again this morning & was informed that the personal information I provided to confirm my account didn't match their records & they wouldn't speak to me (WTF?!?!, now I'm a little concerned) and advised me to go to a branch which I'll have to do later today. + +&#x200B; + +Back in early April I noticed that the debt amount in the personal finance aggregator I use dropped fairly significantly - A little research showed that my car loan had been paid in full and was at a $0 balance. + +&#x200B; + +I contacted the finance company right away & told them that as much as I'd hoped I had some secret benefactor that paid off the $8k balance, I didn't think it was likely and that they must have applied someone else's funds to my account in error. They said they'd review it & get the account reopened shortly. Approximately 2 weeks later my normal payment was due & I logged in online to make sure things had been sorted but the account was still showing paid & closed. I called again, spoke to someone new, went through the whole rigmarole again only to be told they'd look into it and get back to me. I made my payment through my bank bill pay anyway & it was returned about a week later. + +&#x200B; + +A few weeks later I called again & got the same response - Since discovering the error I've continued to make my payments (3 in total now) only to have them returned (but at least I can prove I was making them if/when the finance company sorts things out!!!) In the meantime I'm stashing away those payments just in case. + +&#x200B; + +I've called 5 times now in the last 60 days & am getting ready to send in payment number 4 next week only to have it returned as well I'm sure. How much longer do I fight this? Has anyone else had this happen & if so what were the results? +Landed myself in a bit of an awkward situation, as my SIL recently asked me if she could borrow £5-7k which then went to £10k when she thought I seemed comfortable agreeing on £7k. Apparently it's so my brother and her can get onto the property ladder. A few times after that, she's casually implied I could push the amount to £10k and I've had to firmly say no. Oh, and my brother doesn't know about this arrangement because he didn't want to ask me for it - so she'd pretend that she'd borrowed it from a friend. + +I initially said yes (foolishly) thinking why not help out a family member who has been generally good to me - however, that little sly 'so you CAN lend us £10k then' action is a huge turnoff for me. Then there's the fact it's a secret agreement, and that I've never lent this person money before so have no idea of their track record. I also can see this going sour.. + +Having mulled it over last night, I've decided I'm much more comfortable lending £3k max. It's an amount I can tolerate losing. How do I cushion this when telling her about my change of mind? Obviously it's less than half the requested amount, and whilst I don't owe it to her, I don't want to sour the relationship. + +UPDATE: Ahh! Thank you ALL so much for the feedback, I can't respond to everyone so here's a collective appreciative nod. I did the uncomfortable thing of backing out, it just felt right and I couldn't shake how uneasy the whole thing made me - as you all pointed out, it was so shady and I could just see it turn into a horror story further down the line. I'm a bit of a wuss so I cushioned it with 'maybe I'll be able to help at some point in the future'. Her reaction was quite awkward, she just went quiet and frowned, and then said 'fine yeah leave it then' to which I just shrugged and said sorry, hope you manage to raise the finance soon. It was kinda awkward after that, but if anything that's further proof that lending was never a good idea here. Let's hope she never asks me again! Shudder. +Yesterday, the Wormhole bridge one of Solana's biggest bridges lost $320m in a hack. Within hours, a trading desk Jump Capital agreed to replenish the entire amount so that the liquidations calamity is avoided. The loss of the peg due to the hack could have sent the network into cascading liquidations arising out of leveraged positions. In stepped a VC to save the day. + +[Lost $320m? Thats fine.. we got you covered. ](https://preview.redd.it/adhsxhuefqf81.jpg?width=1172&format=pjpg&auto=webp&s=7ed759f03c763a7cfd07d8bb35a03cff7aa3921d) + +The fact that VCs are ready to cover these kind of losses shows that the entire Solana "ecosystem" is just one big sham propped up by these same VCs. They dont want their baby to die just yet. Apparently Jump Capital owns a significant stake in Wormhole and is ready to sink such a huge amount to cover losses. + +In Solana, the top 1.34% of addresses owns 99% of the circulating supply. Most of the supply was sold to early VCs and insiders at a massive discount to retail. Insiders and bad actors like Chamath have publicly joked about using Solana as a vehicle to play their pumps and dumps out, leaving retail to hold the bags when the sham unfolds. + +VCs dont just sink in $300m to save the day, unless they have already taken out 50x that amount - that is what Solana has enabled them to do already. + +So a buncha SOL Shills be like hurr durr even ehtirium had hacks and was saved by fork. Well the DAO hack was solved by cryptography solutions (forking), not by VCs stepping into save the day. If you think both are the same, you clearly understand NOTHING about crypto whatsoever. The DAO hack and the hard fork took over a month to assess, propose solutions and resolve. It wasnt an overnight fix, like what solana is known for. + + +When Solana goes down - over night fix. + +When bridge hacked? - overnight fix. + +How long will Solana depend on overnight fixes to bail the network out? + +Edit: The mental gymnastics of SOlshills is just incredible. They have clearly consumed all the kool aid in the world to be supportive of this kind of institution manipulation. Yes, other projects also have VCs, and Eth projects have also been hacked. Yet none of the ETH projects have been bailed out in this manner by VCs and institutions. I have been extremely critical of ETH too. There is virtually a hack a day on Eth due to poor code or implementation or bugs, but none of the ETH project hacks have been "replenished" by institutions. If an ETH projects gets hacked and people lose money, well you are shit out of luck. As evidenced by hundreds of hacks and scams before. + +The first major Solana hack, and less than 24 hours later the institutions propping up solana claim they are bailing everyone out. If this is not the least bit suspicious to you, then you are just being slow boiled alive. + +Solana itself is a long term pump and dump that is devoid of any decentralisation and fundamentals except a bunch of whales propping it up. The tokenomics of every single Solana "ecosystem" project is puke worthy - from Serum to Raydium, Bonfida, Saber etc all have massive supply in the hands of a few, an incredibly high FDV and a low float and funny unlock mechanisms - perfect conditions for institutions to keep dumping on hapless retail investors like the ones supporting Solana in the comments here who dont understand anything about crypto or finance. +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! + +**TL;DR - The S&P 500 is selected based on a historically corrupt committee, that change the rules as and when they please. GameStop will only be added if it furthers their cause. Why will we still MOASS? Well cause hedgies r fuk and haven't closed their shorts.** + +&#x200B; + +*Don't ya just love it when the TL;DR is at the top?* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + + +*Hello. This is* [u/justbeingpunny](https://www.reddit.com/u/justbeingpunny/). *You may remember me from DDs such as...* + +ah never mind, I just wanted to use the gag lmao. + +&#x200B; + +https://preview.redd.it/mylrdnpo6xk71.png?width=640&format=png&auto=webp&s=6cad5c17da8d205bf107db9ed36a9af9efc80db9 + +&#x200B; + +All you people talking bout the big league. The S&P500. Like they have a set of rules which allows us to just go dick swinging/c\*ntflapping our way in with the big boys and girls. + +I'd like to provide some wrinkle-istory on just why it might not be that easy. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The S&P 500 + +&#x200B; + +The big index. In fact one of the biggest indexes in the world, tracking 500 companies which are aimed to benchmark the US economy. (lmayo sure) + +&#x200B; + +or as they put it.... + +&#x200B; + +>*S&P Dow Jones Indices identifies important industries within the U.S. equity market, approximates the relative weight of these industries in terms of market capitalization, and then allocates a representative sample of stocks within each industry to the S&P 500.* + +&#x200B; + +Sounds pretty... + +*\*forward rolls in\** + +***standard...*** + +&#x200B; + +However, this isn't like the Russell indexes. They have a set of rules and requirements in order to transfer in and out of the indexes. The S&P 500? They have an anonymous committee which decide who go in and out. + +**AN ANONYMOUS GROUP OF INDIVIDUALS DECIDING WHAT COMPANIES ARE ADDED OR REMOVED FROM ONE OF THE MOST INFLUENTIAL STOCK MARKET INDEXES.** + +**WHATEVER THE FUCK COULD GO WRONG WITH THAT?** + +&#x200B; + +Do they have a set of rules? Well yeah, there's some requirements. + +&#x200B; + +Committee members have a few rules they follow when deciding to make changes in the S&P 500. Companies being added to the index must be highly liquid U.S. firms with a market capitalization of at least $13.1 billion, for instance. **Moreover, the committee has leeway in deciding on changes.** + +&#x200B; + +https://preview.redd.it/891tey3u6xk71.png?width=732&format=png&auto=webp&s=61d19851a90f85bed960254a1c1fd47de497cc27 + +# NOT SUPRISED ONE BIT + +# + +# What else could there possibly be? + +Pls read. Is rather funny. + +&#x200B; + +https://preview.redd.it/255ahztz6xk71.png?width=809&format=png&auto=webp&s=fb028dfd13bf5b367514f5a2da44159f90a565aa + + + +**So you mean to tell me that they can change the rules anytime they please in order to 'protect the market'.** + +&#x200B; + +How many times have these people acted in the interests to protect the market? I said in one of my previous DD's, Naked short selling was invented in order to protect investors from Pump and dumps. Look how that worked out. + +These people clearly know what to do in order to maintain and prop up the house of cards should individual companies fail to meet the rules. This clearly stops and prevents other up and coming companies from taking their rightful place. + +I can't see why this wouldn't be the case again. Who's to say the rules don't all of a sudden change due to market conditions. + +&#x200B; + +Why will we MOASS? + +*Because we were always going to.* +Dimon also said the bank may not give intra-quarter guidance in the future. + +JPMorgan's stock fell off its session highs after his comments, but remained up 1.4 percent on the day. + +These have been the calmest markets in decades. +https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html +So, I feel like I discovered something really trivial and that's been done for years, but since I'm new to this world I'd still like to know what you think about this strategy. + +The algo is pretty simple. Given a universe of stocks (about 500), for each stock: + +1. Get last year's closing prices +2. Compute returns +3. Check if returns are normal using various statistical tests (e.g. Shapiro, K2, etc.). If returns are not normal restart, else go to (4) +4. Estimate mean and standard deviation of returns from the sample +5. Draw 1000 vectors of size 100 from a normal distribution with the mean and std found in (4) (here 1000 is the number of simulations and 100 is the number of days for which we want to run the simulation). We are assuming that returns follow a Random Walk, i.e. returns at time t are equal to returns a time (t-1) + a random error drawn from a normal distribution. +6. From (5), we will have 1000 different paths, each with a different final 100-day return. Average all these returns to get the expected return and volatility in 100 days. + +Finally use the results to find over and underachievers. + +I feel like this is a really dumb strategy that must have been tested decades ago, but I'd love to hear what people more experienced think about it. Has anyone tried something similar or has any suggestions to improve it? Thank you for reading! +Tech industry veteran here commenting to give some encouragement to those still hodling. + +The bearish press is out in full force again and this time they are pointing to the lack of adoption of ICO projects and Dapps as evidence that Ethereum is dying. + +At a glance, it seems true. The prospects for Dapps are extremely slim. 85% of smartphone users only use 5 apps (besides the preinstalled/native apps like mail, calendar, notes, etc.) Any ICO launching a Dapp has to contend with 3 million existing apps to make it into a users top 5 and achieve daily usage. + +Consumer adoption is a brutal game and that is why it was never the right approach to gain usage. The adoption we actually need is already here: developer integration. From established industry titans like Microsoft, Facebook and Google to younger entrants like Square and Shopify - we’re seeing a massive wave of interest and steady integration with existing services that people already use. + +This is the adoption that will get billions of people using crypto without even realizing it. This is the way most technologies grow. Not by consumer choice, but by developers of existing products deciding what’s best for their users. Most users didn’t notice the switch from Flash to HTML5 or the introduction of IPV6. Yet they use these daily. + +So HODL. Maybe buy the dip if you can. Because the drivers of the industrial machine have already steered us toward the path to mass usage of the Ethereum platform. +# $GME shares Direct Registered at Computershare Update! -- 12.7 MILLION!!!🟣 + +https://preview.redd.it/77dtdr25hu391.png?width=645&format=png&auto=webp&s=0c46c42c2711d4d41e5598d9359af711d6c8b42d + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered.** + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer. + +What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS! + +From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES\* + +link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: [https://www.computershare.com/PublishingImages/company-share-structure.jpg](https://www.computershare.com/PublishingImages/company-share-structure.jpg) + +link to Computershare's FAQ page that also has that chart: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +&#x200B; + +# FAQs + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us](https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +**Book vs Plan** + +Both plan and Book are removed from the DTC and are registered in your name. But there are two key differences between plan and book: + +1. Plan shares automatically re-invest any CASH based dividends (this does not apply to stock or crypto based dividends) +2. Plan shares are held in a pool with Computershare. This means they can allow for fractional shares. Even the fractional shares are registered in your name and removed from the DTC. (So you can only convert whole shares to Book). + +Transferred shares are automatically "book", and when you buy directly through Computershare they are automatically set to "plan". + +**Transfer Request forms** + +[TDAmeritrade](https://www.tdameritrade.com/content/dam/tda/retail/marketing/en/pdf/TDA371.pdf) + +[DriveWealth](http://pages.drivewealth.com/rs/124-INJ-520/images/Outgoing%20DRS%20Transfer%20Form%20V5.pdf) + +[E\*Trade](https://us.etrade.com/e/t/estation/ESReqCert) + +[Wealth Simple](https://help.wealthsimple.com/hc/en-ca/articles/4408382062107-Register-your-shares-with-a-transfer-agent-via-DRS) + +[Chat with Fidelity](https://www.fidelity.com/customer-service/contact-us) + +**Guides for various brokers** + +[IRA Guide using Mainstar as a custodian](https://www.reddit.com/r/Superstonk/comments/ub4e95/ira_drs_visual_guide_traditional_and_roth_sdira/?utm_source=share&utm_medium=web2x&context=3) + +[SCREENSHOT of my Fidelity Chat from 03/30/22](https://imgur.com/X3NpAQH) + +[Degiro to IBKR](https://www.reddit.com/r/Superstonk/comments/ra4mp3/degiro_to_ibkr_transfer_effective_in_4_days/) + +[Danish/English guide to transfer to and from IBKR](https://www.reddit.com/r/Superstonk/comments/u1k6n8/we_need_translations_to_get_people_outside_the_us/?utm_source=share&utm_medium=web2x&context=3) + +Guide for [CANADA](https://www.reddit.com/r/GMECanada/comments/qpwjvx/new_canadapes_read_here_first_before_posting/) + +**How to DRS from Vanguard** + +Call the Vanguard Outbound DRS Transfer agent at: 855-730-0325 + +Provide them with your brokerage account details, your Social Security Number (they no longer rely on you providing your Computershare account number anymore), and how many shares you would like to transfer to Computershare. + +Total call time was 8 minutes. They said it will take 5-7 business days to arrive in Computershare. + +**To Contact GME dept in Computershare - 800 522 6645** + +or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry) + +**International number - 00800-3823-3823** + +If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) +Reddit allows us to change the original link to text. This can be misused by the shills during the MOASS. + +eg, [https://twitter.com/ryancohen/status/1392649234944507906](https://www.youtube.com/watch?v=mvYLovp5isw) + +This is the link to Ryan Cohen's latest tweet, OR IS IT? Try for yourself. + +The shills could change the original links just like this and lead you to phishing sites. + +But this can be avoided if you check the url before clicking the link. To check the link address, you can simply copy the link and paste it in your address bar to see if it is the same link you clicked on. + +&#x200B; + +[Always double check if the link is the same](https://preview.redd.it/30sqjg7l4az61.png?width=665&format=png&auto=webp&s=feb9669f4e7c418e5d4d7aec435b30991fda6f52) + +Edit: **Like** u/MoonlightNomad **pointed out: Another way to check the link is to scroll over it with your mouse, but not click the link. The real link will show up in the bottom left corner of your browser when you hover over it .** + +Edit 2: You can go to [https://urlscan.io/](https://urlscan.io/) to check if the url is safe. Shoutout to u/IguessIllMakeAnAcnt for pointing it out. + +&#x200B; + +Stay safe apes, see you on the moon 🚀 🚀 +The Spanish government is going to launch a new wealth tax to prevent the regions ('Autonomous' communities) from removing it. Right now there is a national wealth tax but regions can exempt people living there from paying it (like Madrid). + +From Spanish newspaper 20min: +'The solidarity tax will be levied on assets of more than three million euros in three sections: a rate of 1.7% for assets of between 3 and 5 million euros; another of 2.1% for assets of between 5 and 10 million and finally a third of 3.5% for assets of more than 10 million euros.' + +Yes, direct tax of those % (excluding 0.7M€ of main residence). Isn't it crazy? + +It's supposedly temporary (2 years 2023 2024) but temporary taxes tend to stay much longer... + +I love my home country. But my plan to Chubby/FatFire in Spain is quickly shifting to Portugal... + +How would this tax affect your income stream and FatFire plan? +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 +I added up the past couple weeks of chinese Food, Dominoes, cheetos, jalapeno chips, Wawa brownies, etc, and I am shocked. + +Poverty financiers, please, stop eating out or buying random junk food. It is not worth it. I am redoing my budget, pulling from my savings to cover my monthly expenses deficient this month(sadly) and it is a sad feeling. I had a goal to save $100.00 month. It is not clear if I can make it. + +My problem is that I am under a lot of stress (first year teacher, every day is hell), and I am a huge emotional eater. I will have to find another way to get the stress out (I'm maxed out at the gym, going 6 days a week of heavy weight training and swimming. Maybe more video games? Post workout after teaching?) + +Slamming my forehead against the wall on this one. + +Edit: Thanks for the silver! My first! + +TLDR: I want the fastest most luxurious SUV that blends into everyday traffic and keeps me “stealth wealth”, is it the Jeep Trackhawk or are there other pareto-efficient SUVs? + +I know I’m being a bit paranoid, but indulge me please :). Everybody here has probably read about an increase in crime in the US and in particular follow-home robberies. Without “blaming the victim” it seems like these crimes target flashy SUVs like Mercedes G Wagons and the like. We have had a couple of these in my neighborhood recently - people followed home from dinner at trendy restaurants after picking up their Mercedes/BMW/Porsche/Tesla from the valet, and then robbed at gunpoint in their driveway. + +So... I want the stealthiest most blending in fat SUV I can get my hands on. Not super old / run down so I draw attention from cops, not flashy so I draw attention from robbers - the most middle ground thing ever. But also really nice inside and fast and fun to drive. + +I remember reading that Carlos Slim was driven around Mexico City in a bulletproof Nissan. One of my co-workers who worked in the Bogota office drove a bulletproof Civic. Those are obviously extreme cases and I don’t need bulletproof anything. Warren Buffett famously drives an older Cadillac, presumably it’s just from the dealership. + +Best I can come up with is the Jeep Trackhawk, with the badging removed and maybe the brake calipers painted gray or black. Nobody needs to know the Grand Cherokee next to them can do 0-60 in 3.5. I’ve also been obviously looking for an excuse to get one. + +I am also thinking about just getting a normal car but that’s way less fun. I think this skews American or Japanese, people get weird ideas about European cars, with the exception of maybe Volvo and VW. + +Thoughts? Thanks as always. +The same way SafeMoon popularized the redistribution to holders feature we see being used today by almost all defi tokens… EverRise has a chance to do the same with their proprietary automatic buyback feature and pave the way for other tokens to implement this feature… + +&#x200B; + +The way is works is a 6% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after ever sell…. With this brilliant coding, you will never see 2 sells in a row! + +&#x200B; + +Why should you invest in Everrise? + +&#x200B; + +EverRise token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time. + +&#x200B; + +And now, 17M mcap at launch day! + +Chart : [https://charts.bogged.finance/?token=0xC7D43F2B51F44f09fBB8a691a0451E8FFCF36c0a](https://charts.bogged.finance/?token=0xC7D43F2B51F44f09fBB8a691a0451E8FFCF36c0a) + +Buy on PancakeSwap : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6FCd82B45784A245AE85ca31ab54cc5302999392) + + Whitepaper: [https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf](https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf) + +Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial) + +Website: [https://www.everrisecoin.com/](https://www.everrisecoin.com/) +I plan to save/invest 200€ per month. +My plan is to diversify as much as possible, not to put 200€ all in one bag (e.g. stocks) but stocks seem to have the highest returns. +Which platform to use? (Revolut, Trading212...) +What to invest in? (Google stocks?) + +Currently my plan is to divide 200€ in 5 different "jars": + +1. 40€ savings for summer vacation (short term - 1 year) +2. 40€ savings for my kid (long term, >10 years) +3. 40€ investments (5-10 years) +4. 40€ investments (short term, trading once per month) +5. 40€ emergency fund + +What do you think? +Every single investment firm downgraded $SBUX today after yesterday’s earnings call. I waited all day to see if $SBUX would drop drastically after poor future guidance and all the downgrades today but it barely moved (approx. 1% drop). I know time in the market>timing the market but I was hoping it would drop big today so I can finally add $SBUX to my portfolio!!! +Maybe I'm the only one who's put off by it, but why does it seem like every "successful" trader who's "made it" now has a $500 course to sell that has "all of the answers", or a $100 a month Discord for you to join? I suppose when you have a Discord with 500 members at $100 a month; you have "made it"... + +Is anyone else turned off by this, or are you happily paying these people? +I might be wrong, but I feel like I've seen a an uptick in of posts or comments recently from young people who are in their first jobs (usually age 18 to 25) and seeking guidance on how to FIRE as fast as possible. Perhaps these are the same users across multiple threads, but it SEEMS like many people want to FIRE but don't want to work along the way. + +Firstly, to those people, congratulations! In my view, you're thinking about life holistically and not defining yourselves by the corporate ladder or submit to others' views of frivolous spending and unnecessary consumerism. That's a great mindset, and I hope you carry it with you for the duration of your careers. + +BUT, I want to emphasize that gaining FIRE is **\*\*HARD WORK\*\*.** There are many people in this subreddit who have inspired me, or provided helpful tips and tricks, and I hope that they continue to support you too, but do not kid yourselves that it is EASY. Many people on here have knack for budgeting, or working multiple jobs, or strong investment results. But don't kid yourselves into thinking that it's something you can accomplish without strong will and dedication. + +AND, furthermore, the path won't be the same for everyone. Some will grow passive income through real estate or dividend investing, others will work side hustles (coding, teaching, opening their own business), and most will cut expenses to live well below their means. It'll often depend on your own personal skillset, passions, priorities, and network. + +On a personal note, I've had many privileges in my own life (high quality education, lucrative career, etc.), but I have had to save, invest, work long hours, etc. in my path to FIRE (on track to FIRE before the age of 40). But I have struggled in other areas of life as a result (i.e. single, without strong family ties). That said, I am quite happy, and very grateful to have such a fantastic community of people willing to share their stories. Please don't abuse their time or insult the mental and physical work that they have put in to get to FIRE. + +**TL/DR:** There are many great resources to FIRE, including the community in this thread, but almost all have had to work hard to find their path to FIRE. I wish you all the best of luck in your FIRE journey, but please remember that for most of us it will take YEARS (and usually DECADES) to reach the end goal of FIRE. +I turn 18 in July and I will have access to $123,000. I was wondering how to make it work for me and what I should do initially, when I have access to it. +The current government shutdown looks more and more like it won't be quick affair. It's only been a week, and there are *already* news articles cataloging all the financial hardship people will face because of this. Case in point, this NYTimes article I just read: + +https://www.nytimes.com/2018/12/28/us/politics/government-shutdown-workers.html + +A few choice sections (relevant to FIRE, not the political side of this): + +>Dena Ivey, a furloughed probate specialist in the Anchorage office of the Bureau of Indian Affairs, lost many of her possessions during the recent Alaska earthquake, and feels overwhelmed by the man-made disaster now afflicting her family. "We’re sort of being held hostage in the middle, and we have families and obligations," said Ms. Ivey, a single mother. "I don’t know if I’m going to be able to make rent." She added: **"I’m basically living on credit now."** + +... + +>Steve Reaves, the president of the union that represents FEMA workers, said Friday that he was getting four or five times the number of calls he ordinarily received from his membership. “The worry’s mounting, the stress is mounting,” Mr. Reaves said. “Their concern is, what do we next? Where do we go from here? **How are we going to make ends meet and pay our bills?”** + +... + +> “It’s a real challenge for us,” said Cari Thomas, a retired rear admiral and the chief executive officer of a nonprofit that is the official relief society of the Coast Guard. “It’s about $150 million each pay period to pay the active duty and civilian employees of the Coast Guard, and our nonprofit does not have $150 million, as you can imagine.” She said she had been on the phone on Friday morning with **a senior member of the Coast Guard, who is not eligible for the aid and was in tears, worrying about whether he would be able to pay his rent on Jan. 5.** + +... + +>**“We spent money on Christmas and all that thinking that we were going to have a paycheck on the first, and now we were told today that it’s official, we’re not getting one,”** said Britaini Armitage, 30, whose husband is a gunner’s mate in the Coast Guard and is deployed in the Middle East. + +I am no longer a government worker, but this happened to me a few years back and is part of what motivated me to work towards FIRE. If this happened to me today, I'd be sitting back enjoying the impromptu vacation, maybe working on some projects or hobbies I've been meaning to get around to. + +While I know the majority of people that visit this subreddit are well prepared, I just want to reiterate to any newcomers that this is another reason why it is worth it to work towards FIRE, even if it seems like a goal you may never reach. Even a small war chest can be a lifesaver in these situations. Suddenly not knowing if you can pay rent or feed your family is one of the worst *preventable* feelings you may ever feel. Being able to walk away as you want, or remain standing if the world walks away from you, is worth every penny you put towards it. +Browsing BBC I spot a personal-finance-related article, headline being "Payment firm Klarna messed up my credit score, says student", so i gives it a click. + +Fifth paragraph in: + +>But, she often used Klarna, a buy now pay later firm, to buy clothes online, try them on, and pay 30 days later. +> +>***She missed a few payments -*** not realising that it could affect her credit score, + +(emphasis mine) + +I'm sorry, but what? How is this Klarnas fault that this person missed her payments? Did she just think it was OK not to pay her credit provider this month? Why is this even being reported on? + + [https://www.bbc.co.uk/news/business-50306563](https://www.bbc.co.uk/news/business-50306563) +I've seen some posts today where some apes were saying that they could only DRS certain shares within their portfolio. + +I'm going to go out on a limb and assume these are more recent purchases that brokerage are having trouble with; as older ones have already been located and settled for their client. I assume the reason for this means that they are having trouble locating shares are that naked / synthetics that are starting to surface. + +When the available float has been reached; I doubt that GameStop is going to be legally able to continue registering more shares (beyond their float) as this was determined by DTCC. + +There would be **no reason** for GameStop to continue allowing more shares to directly register as that would **defeat the entire purpose of all of this**. What I am getting at is when this threshold is finally met I believe this is when GameStop is going to announce that there is a problem so that it's not GameStop initiating MOASS through a share recall rather it's investors having done this on their own - and have inadvertently identified a problem with DTCC's inventorying. + +Since **DTCC has clearly stated they are under no obligation to resolve or unwind naked shorts** and that if investors have concerns about this then it is up to them to withdraw from DTCC and directly register. We clearly have done this with significant magnitude; despite it being completely illegal for GameStop to tell us this - so it's a **good thing we figured this out on our own** through our own **due diligence**. + +This is going to **legally absolve** GameStop in every way shape and form from taking **ANY** blame. SHF's have been backed into a corner and the system has allowed itself to fail and **we have only done what we are legally supposed to do** - directly register **as per the instruction of DTCC**. + +Retail cannot be blamed. They fucked around with the system so much that it backfired on them. +I entertain myself reading the stories of the young americans here earning 60k+ $ and sometimes even 100k$ a year planning on retirements, meanwhile I (mid-20) live in a southern european country (Italy) and my salary is about 14k$ a year, and I know I will probably never have a real chance at retiring early. + +My situation is not uncommon in my country, my generation has been called the "1000$ a month generation" and most of the jobs in here pay around that amount (yes, even for graduated/specialized, some exeptions apply), especially for young people (there is a big gap between old and young people salaries and work rights). For everyone I know, I'm considered in a good position, because at least I got a decent job and I'm not unemployed like many others at my age. + +Young americans, please be happy and grateful for what you have. You live in one of the most paying country in the world, and you have the freedom to plan your retirement freely. In my country you are forced to dedicate a HUGE % of your gross income into "retirement plans" but in reality the system is slowly collapsing and with an ever increasing retired-to-active ratio everyone knows none of us young people will ever see again the money we are giving to the government for our retirement (not to mention they are postponing the required age always further). + +Taxes and bill costs are always rising despite incomes are decreasing, and for most people salaries are barely enough to keep going. This is what happens when a country wide economy slowly collapse because of corrupted government, de-industrialization, and population aging. There are not many options for saving because salaries are already low. In my situation I may be able to save a decent % of my salary but in the end, that would mean saving very few thousand dollars a year, which will never be enough to retire early. + +And hey, let's not talk about 3rd world countries... those people must really live life on hard mode. So, be grateful that you at least have the option to save that much money! +Hi everyone, + +Had some free time today so I ran some numbers on IPOs. + +**Assumptions of the data / disclosures:** + +\- Survivorship bias (companies that did not make it are not included) + +\- Removed companies for which no data was available in BBG (i.e. IPO date, offering size, etc.) + +\- Some data points are missing and I have left them blank + +\- Did not verify the data much and relied purely on figures from BBG so take what you will + +\- Offering size is not adjusted for inflation and reflects purely the amount at that specific point in time + +**What the data includes:** + +\- 1556 IPOs with the earliest dating back to 1919. + +\- Current Mkt Cap, IPO Date, IPO Share Price, IPO Offering Size, 1st Open / IPO Offer Price (Column H in ALL HISTORY sheet). + +**Some interesting stats:** + +\- ABNB, DASH, SNOW & BEKE (all 2020) are the only IPOs that have had an offering size of > $2B and a 1st open at 75% greater than the offer price. + +\- There were at least 16 IPOs in 2020 which opened at 100% greater than the offer price. Next closest was 1999 which has 6 companies. + +\- There were at least 50 IPOs in 2020 which opened at 50% greater than the offer price. Next closest was 1999 at 10 companies. + +&#x200B; + +I have upload the data to google sheets and you can take a more closer look yourself. + +[https://docs.google.com/spreadsheets/d/1D1d3\_GcnpPCZGoP2d8q\_pLf5hpUDKrFMksugQ0E5dzs/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1D1d3_GcnpPCZGoP2d8q_pLf5hpUDKrFMksugQ0E5dzs/edit?usp=sharing) +I kinda started forex about 2 months ago and I have acctually been really profitable +About a 16k profit +Before hand I did not do paper trading or whatsoever +But the thing is after being in a few forex communities and reading more ,I have come to believe that this is not going to continue in my third month,and I’m also led to believe a consistent strategy is needed. +I wanted to ask, as a beginner what would +Be a good strategy to learn +And also ( not to sound arrogant) but is the thing about most people losing money in forex real ,needing a consistent strategy or just a v overhyped myth +Thank you +Hey everyone, + +I'm new to online trading and I've been trying to find some 'proven' strategies to follow. However, it seems like 95% of the videos and websites that claim to have 'proven' strategies are just scams. I'm having a hard time figuring out what is real and what is fake. + +Do any of you have any tips or resources for finding reliable and proven strategies online? How do you verify that the strategies are actually proven and not just marketing hype? + +Any advice would be greatly appreciated. Thanks in advance! +I pledge allegiance to the flag of JP Morgan Chase, Bank of America, and Wells Fargo, and to the oligarchy for which it stands, one nation under their control, with as much liberty and justice for all as is necessary to prevent revolt. + +Don't take my word for it... [right out of the mouth of the IMF.](http://www.theatlantic.com/doc/200905/imf-advice) +Yes, if GME has disassociated itself so much from its fundamentals, why on earth is Manulife Financial Corp almost duplicating their GME positions as of the 13th of Dec? + +[Extracted throughout Ravada's Bloomberg Terminal Screenshot](https://preview.redd.it/z6giu9i3yo581.png?width=1809&format=png&auto=webp&s=a4240bca4651a83bed7907661d1cdd8ded4c744e) + + Credit Suisse also has bought a ton... + +I just need more text, so here you are about [Manulife's recent earnings](https://www.manulife.com/content/dam/corporate/investors/MFC_QPR_2021_Q3_EN.pdf): + +Manulife reports 3Q21 net income of $1.6 billion and core earnings of $1.5 billion, double-digit new business value growth and strong net flows in Global Wealth and Asset Management with contributions across all business lines and geographies Today, Manulife announced its third quarter of 2021 (“3Q21”) results. Key highlights include: + +* Net income attributed to shareholders of $1.6 billion in 3Q21, down $476 million from the third quarter of 2020 (“3Q20”). 3Q21 results included strong investment gains that offset a $532 million charge from the previously announced Ultimate Reinvestment Rate (“URR”) reduction +* Core earnings1 of $1.5 billion in 3Q21, up 10% on a constant exchange rate basis2 from 3Q20 +* Core ROE1 of 12.0% and ROE of 12.6% in 3Q21 +* NBV1 of $539 million in 3Q21, up 22% from 3Q20 +* APE sales1 of $1.4 billion in 3Q21, up 5% from 3Q20 +* Global Wealth and Asset Management (“Global WAM”) net inflows 1 of $9.8 billion in 3Q21, compared with net outflows of $2.2 billion in 3Q20 +Title says it! I'm pretty excited for that actually. Does anyone know of a powerpoint of slide deck that has already been created somewhere I could use and/or modify? I'd like it to be not too technical, but serve as a foundation to understanding money better. + +Anyone have any resources you think are good? + +By the way: I'm asking here *using this community as a resource*. Of course I Googled Bitcoin lessons, and of course I could make my own. I'd really like to see some of what's already out there! + +edit:typo + +Edit 2: Wow this blew up! Thanks for all the responses. Some general clarification - I’m not interested in teaching the technicals, yet. Many students have already asked me about Bitcoin and other coins. There are many ways to explain “what” Bitcoin is, and I see many more in the comments! I do not plan on talking anything market related. I just want to answer their question “what is this Bitcoin thing people are talking about?” And hopefully open the door to future lessons on what money is and the history of it. + +Also: I teach at a Charter. Long story short - I do what I want! + +Edit 3: Some people are saying that because they’re 8th graders it’s not worth teaching them. When students are constantly coming up to you and asking you about BTC and DOGE and SafeShit, I liken that sentiment to teaching them about sex. They are talking about it themselves, so why not treat them as young adults and educate them? Refusing to respond to a student about Bitcoin will likely end up with them buying some scam coin. We teach then stocks as well. Not wanting to teach them what it is because it can be likened to gambling is absurd. + +Edit 4: 😂 Wow there are some comments from people who obviously have some residual trauma from people who hurt them. Read the damn title. You can always tell who isn’t a teacher - they are always trying to tell teachers how and what to teach (with horrible grammar, I may add 🙄). Maybe, for the first week of class while we are getting students acclimated to being back in school, we ease into content. Instead, give them lessons on material not covered in a curriculum and try to forge relationships going into a new year. +Also if you don’t like Bitcoin, why the fuck are you on r/Bitcoin? Sounds like you need r/buttcoin. + +Edit 5: Just found out from members of my grade level team that many of them are wanting to talk finances and whatnot and want to plan together to make our little free lessons a little more cohesive and centered around financial literacy. Because we will be using the first week to go over norms and protocols and all the other stuff, we each now have a total of 2 hours over the week for a free lesson, particularly ones that students have shown interest in (e.g., Bitcoin). This means I am now planning a 4 part lesson about money, starting with bartering, to coins, to paper money, to fiat money, plastic money, and then to internet money. This is going to blend very well with another teacher who is going to give a crash course on what the internet (of information) is. +I appreciate the help! +Edit: sorry guys, i just lost all my money thst i made in the month… super sad! + +Hey day traders! + + + +I just wanted to do a follow up on my trading, a couple of weeks ago i posted about how my trading was going, I'm now 2 months green, i added a goal of 10k for the month of June, i already hit my goal, so that's good. Really thinking about making this my day job, i think i still need 2-3 more months to see if this is going to work out, need to pay a few of my debt to be in a better position to quit my job. + +&#x200B; + +https://preview.redd.it/09e5brm3e3871.png?width=903&format=png&auto=webp&s=a2d9e048924bd5dedec7767df6e69424f7d780a2 + +I've been "trading" for almost 2 years, pandemic was a good opportunity to get more serious about it, It took me 2 years to get to this point, its not a race, trading is a journey. it will take time. + +I never really blew my account, got negative a few times in my margin but i got out of the whole. never paper traded, i personally think that is a waste of time just because there is no really emotions with paper trading and you will not know if you can handle the stress of seeing that you are losing money, but for a lot of people its fine and worked for them. + +[So Far so good!](https://www.reddit.com/r/Daytrading/comments/nviv7t/so_far_so_good/?utm_source=share&utm_medium=web2x&context=3) last post + +I had a bunch of PM's about how i trade and what i use, I'm going to post a few pics and things that i actually use to trade. English is not my first language by the way. + +Here is picture of how i have my monitors [Setup](https://imgur.com/a/2IX526D) my main monitor has the main TOS screen and i have SPY, QQQ, SMH and /ES in that screen, is super important for me to see how the market is doing before i enter a trade, always have these on one monitor. On the 2nd and 3rd monitor its just stocks, you can detach the chart from the main screen by clicking the 3 lines below the onDemand button, hit detach and you can get just a chart, then you just make 4-6 small charts and fit them in your monitor, please make sure to save your layout for next time. + +A day before, i looked for a specific setup, like today i will have TSLA on watch for tomorrow, hoping it breaks out, really want this to get volume and pass 695 and the 700, round numbers are psychological numbers, if it breaks we can see 724, 50% in the Fibonacci. we will see tomorrow, but these are the types of plays that i look for a day before and then have them in my screen ready to play them, i also add alerts so if it breaks out, TOS will let me know and i can take the play. + +[TSLA](https://preview.redd.it/ajm9eau493871.png?width=1853&format=png&auto=webp&s=d583aa1c2218ef96935c037fc57a547d640fd7b0) + +**Time Frames**: i always look for trade in a 6 months 4 hours time frame, for intraday i like the 3 minute one for looking for setups and its the same setup i always look for, here is an example of the trade that i normally take, i draw my lines (red one) if it breaks you get in, now in this one is tricky, if you see closely, it broke out, pulled back, scared the longs and then pushed. + +**Drawing:** Super important to start drawing in your charts, start adding resistance and supports, add Vwap, pivot, previous day highs, previous day lows, EMA's 9,20,50. you can google how to add these, super easy. then follow the stock and see if its hitting your limits and try to maybe tweak it a little if you are off. + +The other one i like and the only thing i use is my [Volume indicator](https://youtu.be/l7JIXig608E), here is a video on how to add it. + +also the different time [frame buttons](https://youtu.be/uA8sdjutGqk), here is the video to add it. + +&#x200B; + +[COIN](https://preview.redd.it/wve3icf0b3871.png?width=1855&format=png&auto=webp&s=6d5b8913660504d08e1e62bb7f16d833d8e1a6c9) + +Anyways, that's what i have for now and no im not going to sell you a course or try to get you in a pay channel... + +I'm here to help, PM if you have any questions or whatever!! + +&#x200B; + +Stay safe and no FOMO!! +With Amazon’s recent foray into UK bricks and mortar groceries, surely it’s only a matter of time - if the Amazon suits feel this is a success - that they’ll look to expand further by buying out one of the existing supermarket chains? + +There’s the obvious partnership already there with Morrison’s, but with most Morrison’s stores being geographically located in the north, one would think Sainsbury’s would be the wiser (but more expensive) way of getting a foothold in the UK and giving Amazon a means of reducing their rising costs of delivering packages/processing returns? + +(Fwiw I would view Tesco as too expensive even for Amazon, and the Issa brothers unlikely to want to give up Asda so soon) + +Food for thought, or is this all a complete pipe dream? +I'm new to options trading and planing to implement the wheel strategy. I have a good knowledge base to get started.. but before I do, I just wanted to pick the collective brain here of those who have been successful. + +What are things that you wish you knew first starting out or lessons that you learned along the way? +I was working a part time job at a really fun place and had a good relationship with my team. I’m not going to name the names of these places just for privacy and that. I needed to get more of a career job and always wanted to work in finance. I landed a position for a fairly well known but up and coming company and sounded promising. It’s work from home and 9-6 mon to fri. + +At first I didn’t know what to think of it, but I’ve been here for over a month now and I just dread going to work, I can’t stand it, it’s not what I thought it would be. I call customers to book appointments with a specialist in the field required to help their financial position. But I can’t help but feel like I’m just a telemarketer. + +The theory work is fine, don’t mind it at all, the team is a good bunch of people too. But the calling and you never know the reaction you’re going to get is taxing. And the fact I’ve never even met a coworker cause it’s from home feels like I have no friends now. Unfortunately the role just doesn’t feel right for me. + +Has anyone had similar experience where it got better? Should I stick it out and stay in the finance world or should I look to venture to another job? +As the title says, the current tenant has a handshake agreement with the current owner. The numbers look good at a high level: $78k purchase price, current tenant pays $900/month (which seems in line with market), house is in good shape. However, with it being my first property, I feel I need a lease in place either before or upon closing to protect myself from things going sideways. I don’t want to get into a situation where she and I have a “handshake” agreement that she’ll sign a lease with me after closing, then she doesn’t, won’t leave and won’t pay. Then before I know it I’m in thousands in legal and eviction costs (while trying to fumble my way through an eviction that I’ve never done before) all the meanwhile paying a mortgage on a property not cash flowing. Any and all input welcome. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +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: 262144 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). +Electric Vehicles are coming hard and fast - though Australia is pretty slow to hop on board. But the point still stands. Whilst we don't really do sexy tech stocks, I think our gateway into this emerging market is through our strengths in drilling and mining. + +So, who are the some of the ASX players in the EV market? +I live in Denmark, I am Spanish, I go there often, and sometimes to other EU countries. My Danish insurance company tells me it's very important to have the travel insurance because there are costs that are not covered in some countries, etc. I moved out of Spain when I was covered by my parents' insurance so I don't know very well my own country's system, but in general, is this really true, or they are just trying to peddle me something worhtless? Do you guys take private insurance when you move around with the blue card? +Warning: Potentially Ranty. + +Hey all, 27M living in Berlin as a Software Developer. I was wanting to know if people have any advice regarding the real estate market here. I'm looking for good areas to raise a family in which I could purchase a flat. However, I can't really find anything with 3 or more rooms that are not 800k+. Plus, as a foreigner, I don't know how there hasn't been an uprising over the notary fees and other taxes that the state imposes on home buyers. Does anyone have any other areas that are in Germany where Software Developers could work while raising a family? I can only think of Munich, but that's not really affordable either... +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](http://bit.ly/2wHaMBm). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss that in the Altcoin Daily. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [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! + +Initial Jobless Claims: + +Survey: 2,100,000 + +Actual: 2,123,000 + +Prior Week: 2,438,000 + +Prior Week Revised: 2,446,000 + +Continuing Jobless Claims: + +Survey: 25,680,000 + +Actual: 21,052,000 + +Prior Week: 25,073,000 + +Prior Week Revised: 24,912,000 + +Total Jobless claims in the last 10 weeks: 40,700,000 +Just reading a thread on buying a house on this forum, and it took me back to a memory of a German person saying we are obsessed with mortgages in this country. I can't help but wonder, is this the case? In fact, I have heard this a few times. I'm 30, have about 30k in the bank and yes, 30 appears to be my lucky number clearly :D. I live in a small city where you can buy a reasonable 2/3 bed for 170k+. However, even being able to afford a home myself here, or a flat - it doesn't really appeal to me. That's for a variety of reasons which include not being sure I'm going to be here for even 2-5 years, and having no idea if I even want to be here at all, because I look at life as being something more than just the standard 9-5 way of life, But there's also the sense of being trapped by a 25-30 year debt, hanging over my head. Is it actually necessary? + +I guess I'm keen to query the latter point, that sense of entrapment. I know little about how mortgages actually work, but I would imagine that you would have to live in a place for a fair number of years before being able to even sell it and gain equity, less associated costs (or am I wrong?). What intrigues me is that so many young people are a) so narrow in how they see their life, that they can't see past the standard get a house/partners/kids/job/dog. Anywhere I have ever worked here in the UK, every workplace is always talking about buying a place of some sort and I just don't really understand it. It's as if I'm weird for not wanting to lock myself down to 1 place for the rest of my life. To me it just seems like an entrapment in some form. It's also a pressure on you to know that unless for other cash reserves, a person on something like 20k essentially can't stop with their work with this 25 year debt hanging over their head. Is that really healthy/necessary? + +Am I looking at this the wrong way? Granted, I don't have all the full information but and unless I'm mistaken, I believe that in Europe they are not so fussed about this in quite the way that we are. Of course, in the case of say a married couple who want to settle down and have children, yes it makes sense to some degree. But otherwise, I just feel like young people put themselves under undue pressure to get on the property ladder - all for what really? So many young women I meet today, they can't look beyond getting a man, a dog and settling into their mortgage, and aspiring to little else beyond that. It's like that is their staple of identity. I just sometimes query if I'm crazy or what? +**Introduction**: This post is part of an ongoing early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose this is my way of giving back to a movement that helped me tremendously on my journey. A background summary is offered in the final section and repeated every month. Please check there to find answers to potential questions. + +**Goal**: I wish to maintain a portfolio that began in June 2017 at $1,025,772 with a SWR of no more than 3% (approximately $30,773 per year in 2017 dollars). + +**Spending**: Living expenses for the month were $3155 (including $500 from the lump expenses category), which was $591 over the 2017 monthly targeted amount of $2564 and up from $2491 the previous month. We are 23% over budget for the month, now 7.5% over for the year. We generated $870 from my wife's part-time job at the library (which she would enjoy enough to do without pay) and some of my old book royalties (google if interested). Our investment withdrawal was $2285 this month, thus our pro-rated SWR is 2.57% for the month and 1.89% for the year. Without the additional income stream, our pro-rated SWR would have been 3.69% for the month and 3.23% for the year. + +**Investments**: The portfolio went from $1,062,468 to $1,082,406 (a 1.88% increase for the month), which dropped down to a new total of (drum-roll) $1,080,121 after paying the bills (a 5.3% increase from the retirement figure of $1,025,772, even after withdrawals for living expenses). Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $65.96/hr of labor income. VTSAX (60%) is up 1.7% this month; VFWAX (21%) is up 2.0%; VWLUX (19%) did what it was supposed to do. + +**Reflections**: Our investments are once again at an all-time high. I formerly believed that the election results were driving hopes of deregulation and tax reform. While true to some extent, I now believe that the election results have primarily solidified the notion that the average citizen is too misinformed, gullible, and exploitable to ever vote in his best interest. Spending was considerably up this month for no good reason. We’ve been eating out a lot, but it’s been covered by my wife’s work. We had to pull $500 from the lump sum category for new tires. I continue to question my allocation. I continue to ask myself if I should move away from what I perceive to be an overpriced domestic market and more toward the international funds. I have realized that when the market goes up, I worry that a crash becomes closer to eminent; and when the market goes down, I worry that a crash is starting to happen. The data are there; the math is there; the reasoning is solid; the emotions are getting in the way. + +**Experiences**: My half marathon didn’t go quite as planned. I wanted a 1:26, but it was 65F and humid, and I ended up with a 1:28:48. That’s about a 1:26:30 on a good day, but I really needed a 1:26 to feel good about my chances for 3:00 in a full marathon this December. I played my first and probably only round of golf. We won’t talk about my score. I’m still a volunteer tour guide and paleontologist assistance at The Middle Tennessee Natural History Museum. I’ve been running more (almost 50mpw), cooking more, reading more, and going to the movies by myself. I’m still having nightmares about once per month that I’m back at work arguing with morons. My town avoided and survived the planned WLM demonstration. I built an 8x8 cabin in our woods yesterday. + +**Plans**: I’m near the peak of my marathon training. I’ll be planting some tress later in the month. The museum director is going to let me put together an astronomy display. I want to get around to some of the PS1 games that I’ve yet to start. I’ll also be doing whatever the fuck I want. + +**Background**: I am former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors and doctorate before joining the workforce for nearly twelve years. $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). I retired on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. + +We live in LCOL rural TN. Our annual expenses should be covered by a 3% SWR ($30,773). The exact starting value of the portfolio was $1,025,772 with the following asset allocation: 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds that will I convert to VBTLX, total US bond market, at the next harvest). We also hold roughly $400k in house/land/belongings not included in the portfolio. This works out to withdrawals of $2564/month, or $2064/month plus $6000 yearly in lump expenses that make monthly totals too volatile (e.g. vacation, property tax, professional license tax, xmas shopping, car insurance, small emergency buffer). + +I am considering a retroactive switch to a target of $2500/month ($2000/month + $6000/year lump expenses) and viewing the starting balance over $1M as a separate fund to be drawn from without guilt (with the discipline and understanding that once it’s gone, it’s gone). I place no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (even with no heirs), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities. + +If the 2017 year-end value is higher than the starting value, I might recalculate a new 3% SWR value and go forward from there since 3% is well within historically safe territory for indefinite portfolio survival. If you think this strategy violates Trinity, keep thinking until you see how the 3% starting point should tell you otherwise. I might use instead (and keep using each year) the $1M surplus separate fund technique that I described earlier, until the first bad year hits or until $30k/yr is no longer a viable spending goal due to inflation (lifestyle or purchasing power). + +I am bored to tears with discussions on safe SWR, COL, UBI, ACA subsidy ethics, Trinity, insurance, health care costs, what-if scenarios, financial doomsday preppers, crystal balls, investment strategies, side hustles, lifestyle inflation, market corrections, frugality tips, tax avoidance, my former life as a pharmacist, and even the acronym FIRE. When you’re new to the topic of early retirement, all of that stuff is very exciting. When you’ve run the race and crossed the line, not so much. This is a public forum, and I’ll likely read what you have to say, but please don’t expect much in the way of a response if it’s a question that I or someone else has answered a million times, especially if you’re just offering an unsubstantiated claim about my personal situation that demonstrates willful stupidity. It happens every month. I am however willing to clarify anything and discuss topics I find to be of more interest. I genuinely appreciate all the congratulations and well-wishers. + +Hi guys, + + +As the title says. Section 35a has been imposed on PMC bank. All my saving are with in this bank and as per message I received, I can't do anything for 6 months in that bank account. + +I tried to find useful info on net but wasn't able to... + + + +How serious is this? + + +Is my money safe? +https://www.cnbc.com/2019/04/26/amazons-free-one-day-shipping-puts-the-pressure-on-walmart-target.html + +Amazon is making one-day shipping the standard for all Prime members. + +The move will put pressure on retailers like Walmart and Target to respond and spend more money to make sure they can meet shoppers' delivery expectations. + +Target and Walmart shares are tumbling Friday, following Amazon's announcement. +6m NW - 36 m - L/MCOL - HHI 500k-1m/yr - Logistics + +**Background Not Important** + +My wife and I are in logistics. For a while we were kind of cruising. Maybe working 20-40 hours a week. However a couple of months ago we caught an employee stealing and trying to hire away key employees to try and compete against us. We felt like we were fighting for our lives for a couple of weeks. We locked up our info and accounts, monitored them, then fired them. They did start a company but it's failing in spectacular fashion. We stepped in and hired some new employees, did some restructuring, etc. And since we started grinding again putting in 80+ hours a week a significant amount of money has begun pouring in. Last month we made roughly 400k profit which is what we normally made in 6-9 months previously. And we're only getting busier. + +**Investing Context** + +- ~ 1.5m cash + +- ~ 5.4m property including 1m primary + +- ~ 1m Retirement (401k/profit sharing/ cash balance) and Taxable Brokerage Broadly invested in mostly VTI with some old faang stocks I had when I worked there + +- ~1.9m debt + +Our ("necessary") spend is very very modest for a family of four maybe 100k/year, excluding ~2k weekly in VTI. I know how to make money, but I far from the most savvy investor. And I feel like maintaining such a large cash position right now is a bad move. Idk why but every time we have a large cash position I'm always reminded of this quote from futurama "Now, my caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested." + +**The Questions** + +What do you do with your windfalls? What are you investing in atm? Any good books I can read, when I have time? Should I just start dumping more in the stock market? Should I keep buying real estate even though our lopsided portfolio keeps me up at night? Should I pay down debt even though most of it is between 1.89% and 4.25%? Franchises, other revenue streams, side hustles etc I should look into? Good Company Assets to buy, tax considerations, etc? I have zero wealthy friends or family in my life to ask for advice. +Rand Paul’s problematic stock trade + +Senator Rand Paul admitted this week that he failed to disclose his wife’s purchase of stock in Gilead Sciences, the maker of a coronavirus treatment, in the early days of the coronavirus outbreak. The trade in February 2020 was small and not profitable. And there is no evidence it was made based on insider information gleaned by the Republican from Kentucky. + +But the delayed disclosure, 16 months after the filing deadline, which Paul’s spokeswoman says was an oversight, again raises questions about whether stock trading by lawmakers and their families is properly policed. + +The Stop Trading on Congressional Knowledge, or STOCK, Act, passed in 2012, requires lawmakers to disclose trades within 45 days. This was supposed to eliminate the appearance that they use their influence and access for profit. Nearly a decade later, Paul’s trade disclosure is the latest example of how the law has fallen short. + +**At least a dozen lawmakers have recently revealed that they missed disclosure deadlines**, including Representative Debbie Wasserman Schultz, Democrat of Florida, and Senator Tommy Tuberville, Republican of Alabama. “There is absolutely a trend of more people filing late,” said Kedric Payne, a senior director of ethics at the Campaign Legal Center. + +**The disclosure rules are rarely, if ever, enforced.** STOCK Act disclosures have led to some high-profile investigations, but experts told DealBook that they couldn’t think of a single case that the Justice Department has brought under the act’s disclosure rules. “If the Justice Department went after more of those cases, I’m sure lawmakers would more diligently comply,” said Virginia Canter, a lawyer for the Citizens for Responsibility and Ethics in Washington. + +**Penalties under the law are minor.** The STOCK Act gives the Justice Department the ability to bring criminal charges, but the bar is high. And the law caps civil fines at $50,000. In practice, violations are generally resolved with a minimal fine, typically as little as $200 for a first-time offense. + +*Read more:* *Andrew’s column from January* *discussed how the S.E.C. could change a rule for broker-dealers that would end questionable stock trades by lawmakers, without the need for new legislation.* +https://ca.finance.yahoo.com/news/sec-data-show-359-million-144445943.html + +SEC Data Show $359 Million of GameStop Shares Failed to Deliver +(Bloomberg) -- On Jan. 28, the day after GameStop Corp. mania hit its crescendo on the back of a short squeeze for the record books, about $359 million worth of shares were caught in limbo. + +More than 1 million shares were deemed failed-to-deliver that day due either to buyers lacking cash to complete purchases or sellers not having the shares to settle trades, according to U.S. Securities and Exchange Commission data. + +The SEC report, which covers trading from Jan. 15 through the end of the month, is just one more indication of the dislocation in the market for the video game retailer’s shares. + +GameStop stock, for months among the most heavily shorted on the New York Stock Exchange, surged more than 1,700% from Jan. 1 through Jan. 27 as a legion of Reddit users piled on, forcing bearish traders to scramble for shares and brokers to take the highly unusual step of curbing trading. + +While the SEC’s list highlights the extent of the short squeeze, on Reddit’s WallStreetBets forum, where the GameStop trade was galvanized, it’s evidence of something else: the unproven theory that hedge funds were engaged in naked short-selling of the shares. + +Short sales -- when an investor borrows shares, sells them and then tries to buy them back at a lower price to profit from the difference -- are an everyday market occurrence. Naked short selling, the illegal practice of selling shares that aren’t known to exist, is just one possible cause of a failure-to-deliver, with more quotidian reasons being human error and administrative delays. + +“Fails-to-deliver can occur for a number of reasons on both long and short sales,” reads a disclaimer on the SEC website. “Therefore, fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling or ‘naked’ short selling.” + +Failures to deliver can result in fines, losses as well as reputational harm, and in rare circumstances there’s also a risk they could lead to a reduction of market liquidity. + +One thing is clear: the Grapevine, Texas-based company is an anomaly in the data. Ranked by the dollar value of traded shares that couldn’t be delivered -- a sum that was influenced by the ballooning price of GameStop’s shares -- it was the only company to appear multiple times in the top 10 during the period. And it was only one of two companies, the other being Li Auto Inc., to feature atop a list dominated by exchange-traded funds. + +The data, which is released twice a month, tracks securities that had at least 10,000 shares that failed-to-deliver on a daily basis. The total number of shares for each day is a “cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day,” according to the SEC’s website. + +About 2.1 million GameStop shares failed-to-deliver on Jan. 26 before falling to 138,179 on Jan. 29, the day after Robinhood and other brokerages began restricting trading in so-called meme stocks. +Minus five -- India’s fourth recession since Independence, first since liberalisation, and perhaps the worst to date is here: + +https://www.crisil.com/content/dam/crisil/our-analysis/reports/Research/documents/2020/05/minus-five.pdf +The Evergrande crash has so far caused a decline of 10-15% in the cryptocurrency market, and while many might buy the dip right now I’d suggest waiting for tomorrow’s even bigger crash + +Why crypto (and other markets) will crash tomorrow - + +1) The Chinese stock market will open after 2 days of holiday. Everyone is expecting a major crash here + +2) Evergrande is expected to default on its loan payment, the same debt which Blackrock owns quite a big bag of, sending out a potential ripple effect + +3) Sources out of Beijing say that the CCP are unlikely to bail Evergrande out (this point is just speculation) + + +So in conclusion, there are bigger dips coming.(I’m not suggesting to anyone to sell, just to be prepared for bigger dips) + +Edit: When I wrote this, BTC was at $42k and ETH was at $3k, they’ve now dipped to 40K and 2.7K. + +Edit 2: Seems like Evergrande is working on bond payments for Chinese banks and the CCP injected cash into the banking system. We are safe for now, but unless Evergrande comes up with a payment plan for international institutions I’d say this isn’t completely over. + +Edit 3: Crypto market is up, has been for a few hours now. Evergrande has made their loan payment. The only uncertainty left is their international payments. + +Edit 4: Evergrande defaulted on its international debt :) +Hi All, + +First time posting on Reddit as honestly, I'm at a loss on what to do. Me 25 UK going through UNI (COMP SCI) has left his job last month due to University making it nearly impossible to hold down a full-time job, Due to circumstances not in my control my Dad 86 has caught coronavirus. Doctors are saying it's not looking hopeful... I have spoken with him and we have both said our goodbyes as this may be the last time I am able to speak with him. + +The situation I and GF (who has lost her job due to COVID) was planning on moving back in with my parents however due to situation this is now impossible. In addition, my mum does not work and was relying on my dad for income she is now unable to pay the rent. + +I am honestly stuck and have no idea what we can do or apply for with my world crashing down around me especially with the heartache I feel from losing my dad. I'm coming on Reddit to ask advice on what to do in this situation. We are currently in an AIRBNB which only lasts until Sunday and will be Homeless coming Sunday. + +I have £1000 left in my bank account and with no job and no finances, I'm really worried about our future and my ability to look after my mum. + +&#x200B; + +Edit: (as I realized posting this may not reach all of you) sorry I am new to Reddit. + +Wow, + +Guys, honestly I just came back to Reddit and saw all of your posts. I will go through every single one apologies if I cannot respond to all of them but your overwhelming support has helped me realize there is hope. + +An Update from my situation: I have sent my CV around to various I.T Support roles and will take your advice on entering a help desk position. I will also take a look into UpWork as I can create websites and do other things with the knowledge from my ongoing COMP SCI degree. + +Regarding housing, for my mum, my dad had some hidden funds that will be able to cover her rent for 4-5 months. She has a house back in the Phillippines (which I did not know about) so I am trying to convince her to move back but as my mum but at the moment it is hard to get through to her which I understand as it's a highly stressful time. + +I and my GF have found temporary accommodation with a friend for short term which will help us get back on our feet. + +My Dad is making a hopeful small recovery and is now eating and drinking a little. But with your advice and words, I feel prepared mentally and have the tools I need in-case he does pass... + +Thank you all so much, words cannot express the emotions I feel reading your comments. I am glad to have posted here from the bottom of my heart I owe you all. + +I wish all of you good fortune and a safe 2021. + +&#x200B; + +Edit 2: + +I am honoured to have been the person to receive all this love and information from you all. + +I have never would have thought this would have so many people reaching out to me and helping, You have all helped me to keep my head up and push through this time. + +We have been offered through messages some personal help with Finance to these people I wish to thank you but please save this for other people who may be in more need. We are incredibly fortunate to have found a place to stay even if it is short term. Please save your money for those who are not so fortunate. + +People have reached out to me with possible job opportunities I thank you all for this as it is so reassuring in these troubling times that there are jobs available and I feel like I may be able to find work! + +I will continue the job hunt if you guys have any job vacancies for a novice HTML / CSS developer I would love to be a part of that, anything u can throw my way I really appreciate! + +I came to Reddit in search of help and received such an amazing amount of well-wishes / advice / job opportunities / loving & caring, I will never forget this. You are all wonderful people If I could somehow meet with all of you and take you out for lunch I would. I am forever in your debt. + +Thank you. +I’m not complaining as I got my degree here in Australia. But why is it that the average American citizen pays $37,000 per year for college whereas we here only pay about $8000 per year for uni? +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)|[**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)|[**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)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**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)| +|:-|:-|:-|:-|:-|:-| +|[**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)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**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)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**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&restrict_sr=1)|||||| + +# 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* +Just curious how much of a role your adeptness in schooling/education has played in your FATfire journey. Did you learn most things for success in school? Or did you pick it up as you went along? +>According to the The Shiller price-to-earnings (P/E) ratio is a P/E ratio based on the average inflation-adjusted earnings from the previous 10 years. Over 150 years of history, the Shiller P/E ratio for the S&P 500 has a mean (average) of 16.8 and a median of 15.8. Right now, the Shiller S&P ratio for the S&P 500 is 34.5 -- more than double its historic average. [Source](https://www.fool.com/amp/investing/2021/01/18/the-stock-markets-telltale-crash-signal-is-back/) + +