diff --git "a/reddit_finance_43_250k_147.txt" "b/reddit_finance_43_250k_147.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_147.txt" @@ -0,0 +1,10000 @@ +# **Major Indices for this past week:** +###### **([CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!](https://i.imgur.com/wWQf6mH.png))** + +# **Major Futures Markets as of Friday's close:** +###### **([CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!](https://i.imgur.com/wFeS0Wl.png))** + +# **Economic Calendar for the Week Ahead:** +###### **([CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!](https://i.imgur.com/8KStTCM.png))** + +# **Sector Performance WTD, MTD, YTD:** +###### **([CLICK HERE FOR FRIDAY'S PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_t.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE WEEK-TO-DATE PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_w.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE MONTH-TO-DATE PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_m.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE 3-MONTH PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_q.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE YEAR-TO-DATE PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_ytd.png&rev=636115211971930604))** +###### **([CLICK HERE FOR THE 52-WEEK PERFORMANCE!](http://elite.finviz.com/grp_image.ashx?bar_sector_y.png&rev=636115211971930604))** + +# **Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/BaOFyrX.png))** + +# **S&P Sectors for the Past Week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/wSJc4XK.png))** + +# **Major Indices Pullback/Correction Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/Uu8KEZz.png)** + +# **Major Indices Rally Levels as of Friday's close:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/NAgyg9J.png))** + +# **Most Anticipated Earnings Releases for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/K1bLbWQ.png))** + +# **Here are the upcoming IPO's for this week:** +###### **([CLICK HERE FOR THE CHART!](https://i.imgur.com/QWK8jnB.png))** + +# **Friday's Stock Analyst Upgrades & Downgrades:** +###### **([CLICK HERE FOR THE CHART LINK #1!](https://i.imgur.com/LJgR6Qi.png))** +###### **([CLICK HERE FOR THE CHART LINK #2!](https://i.imgur.com/3ihOUVn.png))** +###### **([CLICK HERE FOR THE CHART LINK #3!](https://i.imgur.com/LM2t3xD.png))** +###### **([CLICK HERE FOR THE CHART LINK #4!](https://i.imgur.com/0OcCxG9.png))** + +***** + +# How Markets Bottom + +> With US equities firmly in a bear market, even the most long-term investors are now looking ahead to when the selling may stop and where the S&P 500 Index might ultimately bottom. “Nobody knows exactly how this market bottom will play out,” said LPL Financial Senior Market Strategist Ryan Detrick. “However, using history as guide, we know markets tend to retest or even slightly break previous lows.” + +> We took a look at how markets have bottomed for two previous bear markets that show similarities to the current sell-off, in terms of speed and magnitude. As shown in the chart below, following Black Monday, the largest single-day decline in the history of the S&P 500, the index rebounded modestly, before undercutting its lows about six weeks later. However, a look at the bottom panel shows that the momentum, or speed, of that move was significantly less extreme and markets went on to rally, ultimately eclipsing the 1987 peak less than two years later. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/03/Technical-1.png?ssl=1))** + +> The 2008-2009 financial crisis tells a similar story. While the S&P 500 Index didn’t ultimately reach its low until March 2009, most stocks actually bottomed during the fall 2008, following the collapse of Lehman Brothers. Even though the S&P 500 undercut the October lows by a full 10%, this divergence, similar to the momentum observed in 1987, shows that things were improving under the surface even if the price of the index didn’t yet reflect it. + +> ###### **([CLICK HERE FOR THE CHART!](https://i2.wp.com/lplresearch.com/wp-content/uploads/2020/03/Technical-2.png?ssl=1))** + +> It may be too early to say that the initial leg of our current decline is done, but certainly we have seen extreme fear and a historic decline in markets. One positive—the S&P 500 has yet to close below its December 2018 lows. Soon it may be time to start hunting for signs of a bottom. + +***** + +# Stocks Approach 2009 Valuations vs. Bonds + +> We rolled out our Road to Recovery Playbook at the start of the week to help investors gauge where the market is in its bottoming process. The first and most important piece of that playbook—visibility into a peak in new COVID-19 cases—remains elusive, but we hope to have a clearer picture with the next couple of weeks as containment efforts have more time to work. We continue to monitor cases daily and plan to update you on that progress regularly during this crisis. + +> We’re getting closer to checking off the other four boxes. We would just like to see a bit more economic data consistent with recession—almost surely coming soon—and to get more clarity on the timing, size, and nature of the policy response before checking off those two boxes on our list. The technical analysis and sentiment box was checked last week—the amount of bearishness among investors is near the levels of prior bear market lows. + +> The last box—markets pricing in recession—was also checked last week based on the magnitude of the sell-off. The nearly 30% drop in the S&P 500 Index from the February 19 high is close to the average peak-to-trough decline in recessions at about 35%. + +> Another way to show a recession is priced in and stocks may be near their ultimate bottom is by valuing stocks relative to bonds, sometimes called the equity risk premium (ERP), which we show in the LPL Chart of the Day. + +> “Stocks are now historically cheap by most measures after this selloff,” noted LPL Chief Investment Officer Burt White. “When comparing stock valuations to bond yields, we are approaching levels only seen during some of the worst bear markets over the past 50 years.” + +> The equity risk premium compares the earnings yield on the S&P 500 (the inverse of the price-to-earnings ratio) to the 10-year US Treasury yield. That number as of March 18 was 4.9%, well above the long-term average of 0.8% (it was higher on March 16 when the 10-year Treasury yield was 0.73% rather than 1.18%). That compares to historical peaks between 6 and 7% in 1974 and shortly after the financial crisis. + +> The bottom line is that if this trend holds equity investors could be well compensated over time for the risks they are taking now. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/03/ERP-blog-chart-3-19-20-revised-disclosure-v2.png?ssl=1))** + +> We know it’s tough to see the other side of this crisis right now, and the volatility is unnerving for all of us. But historically, investors who owned stocks at these valuations have been rewarded over time. We think this time will be no different. + +***** + +# How Quickly Can Stocks Recover From COVID-19? + +> The market volatility continues, as the S&P 500 Index has closed either up or down 4% or more for a record 7 consecutive days. With the S&P 500 Index down 30% from the highs, it has officially moved into a bear market. Yesterday, we took a look at how stocks did after the lows of major corrections formed, and today we’ll take another angle on this. + +> We do not know if down 30% is the lows; in fact, it probably isn’t. The good news is we feel we are getting close to a major low. How quickly could stocks regain their February 19 highs? “Historically we’ve found that some of the quickest market sell-offs can lead to some of the fastest recoveries,” explained LPL Senior Market Strategist Ryan Detrick. “That’s the good news. The bad news is if the economy falls into a recession, it can take longer.” + +> As the LPL Chart of the Day shows, there have been 14 previous bear markets since 1950, and it took an average of 20 months from the bear market lows to recover the losses*. Taking this a step further, when the economy avoided a recession, the recovery took only 10 months, versus 30 months for a recession, although a lot of that is because bear markets accompanied by recessions are typically deeper. Last, the last three bear markets that avoided a recession recovered the gains in 3 months, 4 months, and 4 months after the ultimate bear lows were made. + +> ###### **([CLICK HERE FOR THE CHART!](https://i1.wp.com/lplresearch.com/wp-content/uploads/2020/03/3-18-20-Bear-mkt-recoveries-5.png?ssl=1))** + +***** + +# Looking To The Other Side of The Bear + +> The indiscriminate selling continued yesterday, with one of the worst days in stock market history. Fears over the potential impact of COVID-19 (coronavirus) have led to one of the steepest sell-offs in history, rivaling what we saw in 1962 and 1987. + +> With the S&P 500 Index down 30% from the all-time highs set less than a month ago on February 19, it is quite clear the stock market is voting on a significant economic slowdown over the coming months. Historically, during bear markets we have found that stocks pulled back 37% on average during a recession and 24% on average if a recession is avoided. With stocks currently down right near the middle of this, the economy could be about a coin flip to going into a recession or not. We discuss this idea and more in our latest LPL Market Signals Podcast. + +> What happens next? “Clearly no one knows how bad things could get and when stocks will ultimately bottom, but we feel we are getting close,” explained LPL Senior Market Strategist Ryan Detrick. “The good news is a year after previous market corrections end, as scary as they all felt at the time, stock performance has historically been quite strong, higher more than 90% of the time.” + +> As shown in the LPL Chart of the Day, since 1980, there have been 31 other 10% corrections or more for the S&P 500, according to data from our friends at Ned Davis Research. We’d like to stress, we don’t know when this weakness will end, but if we are close, the average return after a correction ends has been more than 23% on average and higher more than 90% of the time. + +> ###### **([CLICK HERE FOR THE CHART!](https://i0.wp.com/lplresearch.com/wp-content/uploads/2020/03/Stocks-3.17.png?ssl=1))** + +***** + +# COVID-19 Collapse vs. Other Major Downturns + +> Even though equities rose today, the S&P 500 still remains over 28% off of the 2/19 high. As of yesterday's close, only twenty days after the S&P 500's peak, the index was down nearly 32% from that high. Below is a look at the current selloff from its high versus prior big selloffs since 1928. We all know about the 1929 and 1987 market crashes, but this one has even those beat in terms of the time it took to fall this much. And the two major peaks and subsequent bear markets of the 21st century both took basically a year to fall the same amount that we've fallen in just 20 trading days this time. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/Image-38.png))** + +***** + +# Oil Slippery + +> Like a flopping wet fish, it's been incredibly hard to get a hold on an accurate price of crude oil this week. With a gain of 22.2% so far today, WTI is experiencing its largest one-day gain on record (dating back to 1983). The next closest largest one-day gain was in December 2008 when crude rallied 17.8%. While today's gain is impressive, keep in mind that it followed yesterday's decline of 24.4% which ranks as the third-largest one-day decline on record and last week's 24.6% decline on March 9th. In fact, three of the four largest one-day percentage moves in WTI have all come in the last two weeks! + +> While a big gain in any asset class always leads to questions over whether it is the start of a new run higher, we would caution that following the prior nine largest one-day gains on record, crude oil's median change over the next week was a decline of 4.4%. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031920-WTI.png))** + +***** + +# Russell 2000's Third Largest Drawdown on Record + +> While US large cap stocks are right around 30% from their record highs a month ago, the carnage in small caps has been even more severe. While the Russell 2000 never quite made a new high this year along with the broader market, it got pretty close. Like the rest of the market, though, it has been crushed. As of yesterday's close, the Russell 2000 was 43.1% below its all-time high which ranks as the third-largest decline from a record high. The only two periods where the Russell saw a larger decline were in October 2002 when the drawdown reached 46.1% and then in March 2009 when the selling finally stopped at 59.9% on March 9, 2009. Now, if the Russell 2000 were to match either of those prior two periods in terms of magnitude, it would have to fall an additional 4.3% to match the decline of October 2002 or 28.9% to match the decline of March 2009. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031920-Russell-200.png))** + +***** + +# The Buck's Bounce + +> In the currency space, the US dollar has certainly not been immune from recent market volatility. The dollar index peaked on February 20th, just one day after the S&P 500 had reached its all time highs. That was the dollar's highest level since April of 2017. Over the following days, the dollar would go on to fall roughly 5% to its low on March 9th. In the time since then, it has more than recovered those losses, rising over 6% and is once again back up to its highest levels since 2017. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031820-.png))** + +> This string of volatility for the greenback is rare. As of today, the dollar is up 4.26% over the past ten days. But just back on the ninth (the recent low) it had been lower by 4.12% over the prior ten days. The last time that there was both a 10-day change up and down of at least 4% in the span of just ten days was back in October of 2008. Going back through the index's history since the early 1970s, there have been a total of 15 days (including that 2008 and current instances) in which such swings can be observed; shown by the red dots in the chart below. Prior to 2008, the only other times the dollar was as volatile by this measure was in the 1980s and late 1970s. So with regards to more recent history, it is even more unprecedented. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031820-10-Day-Change.png))** + +> In terms of daily changes, the dollar has also been very volatile. Over the past ten days, the currency has averaged a daily change (positive or negative) of just over 1% which is rare going back through history. Again this is the most volatile the dollar has been since the financial crisis, though at that time, the daily swings were larger on average; reaching 1.35% at the high. Prior to 2008, the only other times the average daily change was over 1% was in the early 1990s, mid-1980s, and late 1970s. As with 2008, those past times were slightly more volatile than the current moment. + +> ###### **([CLICK HERE FOR THE CHART!](https://media.bespokepremium.com/uploads/2020/03/031820-10-abs-Day-Change.png))** + +***** + +# **STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending March 20th, 2020** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=uoOzzG6Qk28))** + +# **STOCK MARKET VIDEO: ShadowTrader Video Weekly 3.22.20** +###### **([CLICK HERE FOR THE YOUTUBE VIDEO!](https://www.youtube.com/watch?v=744D8neX74s))** + +***** + +Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead- + +***** + +> * **$MU** +> * **$LULU** +> * **$NKE** +> * **$PAYS** +> * **$SIG** +> * **$PAYX** +> * **$GME** +> * **$ONTX** +> * **$CSIQ** +> * **$JT** +> * **$INFO** +> * **$GO** +> * **$WGO** +> * **$LX** +> * **$SCVL** +> * **$SNX** +> * **$HOME** +> * **$BWAY** +> * **$AEYE** +> * **$KBH** +> * **$RKDA** +> * **$FDS** +> * **$ERJ** +> * **$PRGS** +> * **$OPGN** +> * **$SCS** +> * **$NEOG** +> * **$PUMP** +> * **$HYRE** +> * **$AIR** +> * **$MYOS** +> * **$LIQT** +> * **$SAIC** +> * **$SCWX** +> * **$ESLT** +> * **$VTSI** +> * **$OCGN** +> * **$QIWI** +> * **$WOR** +> * **$TNP** +> * **$HTHT** + +***** + +###### **([CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!](https://i.imgur.com/K1bLbWQ.png))** +###### **([CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!](https://i.imgur.com/107ZeJs.png))** + +***** + +Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers: + +***** + +> # ***Monday 3.23.20 Before Market Open:*** +> ###### ([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/NfAAUPz.png)) + + +> # ***Monday 3.23.20 After Market Close:*** +> ###### ([CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/z5JU3Mu.png)) + + +***** + +> # ***Tuesday 3.24.20 Before Market Open:*** +> ###### ([CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/gat7EsR.png)) + +> # ***Tuesday 3.24.20 After Market Close:*** +> ###### ([CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/ts5W5Ym.png)) + +***** + +> # ***Wednesday 3.25.20 Before Market Open:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/qJwu9pN.png)) + +> # ***Wednesday 3.25.20 After Market Close:*** +> ###### ([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/zXXW3Uq.png)) + +***** + +> # ***Thursday 3.26.20 Before Market Open:*** +> ###### ([CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/L4hm0cl.png)) + +> # ***Thursday 3.26.20 After Market Close:*** +> ###### ([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/ieFs9fM.png)) + +***** + +> # ***Friday 3.27.20 Before Market Open:*** +> ###### ([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!](https://i.imgur.com/s8zrA0y.png)) + +***** + +> # ***Friday 3.27.20 After Market Close:*** +> ###### ([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]()) +NONE. + +***** + +# Micron Technology, Inc. $36.11 +> **Micron Technology, Inc. (MU)** is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, March 25, 2020. The consensus earnings estimate is $0.37 per share on revenue of $4.66 billion and the Earnings Whisper ® number is $0.41 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat The company's guidance was for earnings of $0.29 to $0.41 per share. Consensus estimates are for earnings to decline year-over-year by 77.84% with revenue decreasing by 20.14%. Short interest has decreased by 22.7% since the company's last earnings release while the stock has drifted lower by 34.4% from its open following the earnings release to be 23.7% below its 200 day moving average of $47.35. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 12,642 contracts of the $42.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 17.2% move on earnings and the stock has averaged a 7.9% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=MU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# lululemon athletica inc. $165.01 +> **lululemon athletica inc. (LULU)** is confirmed to report earnings at approximately 4:05 PM ET on Thursday, March 26, 2020. The consensus earnings estimate is $2.25 per share on revenue of $1.38 billion and the Earnings Whisper ® number is $2.29 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat The company's guidance was for earnings of $2.10 to $2.13 per share. Consensus estimates are for year-over-year earnings growth of 21.62% with revenue increasing by 18.21%. Short interest has decreased by 50.0% since the company's last earnings release while the stock has drifted lower by 27.0% from its open following the earnings release to be 19.6% below its 200 day moving average of $205.28. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, March 19, 2020 there was some notable buying of 1,041 contracts of the $200.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 19.9% move on earnings and the stock has averaged a 9.0% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=LULU&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Nike Inc $67.45 +> **Nike Inc (NKE)** is confirmed to report earnings at approximately 4:15 PM ET on Tuesday, March 24, 2020. The consensus earnings estimate is $0.58 per share on revenue of $9.87 billion and the Earnings Whisper ® number is $0.63 per share. Investor sentiment going into the company's earnings release has 50% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 14.71% with revenue increasing by 2.69%. Short interest has increased by 37.8% since the company's last earnings release while the stock has drifted lower by 33.2% from its open following the earnings release to be 25.4% below its 200 day moving average of $90.36. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, March 13, 2020 there was some notable buying of 2,468 contracts of the $95.00 call expiring on Friday, June 19, 2020. Option traders are pricing in a 14.7% move on earnings and the stock has averaged a 3.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=NKE&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Paysign, Inc. $4.29 +> **Paysign, Inc. (PAYS)** is confirmed to report earnings at approximately 4:00 PM ET on Wednesday, March 25, 2020. Investor sentiment going into the company's earnings release has 72% expecting an earnings beat. Short interest has increased by 10.5% since the company's last earnings release while the stock has drifted lower by 60.2% from its open following the earnings release to be 64.7% below its 200 day moving average of $12.14. The stock has averaged a 11.3% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=PAYS&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Signet Jewelers Ltd $7.74 +> **Signet Jewelers Ltd (SIG)** is confirmed to report earnings at approximately 6:50 AM ET on Thursday, March 26, 2020. The consensus earnings estimate is $3.47 per share and the Earnings Whisper ® number is $3.53 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 12.37% with revenue decreasing by 53.64%. Short interest has decreased by 39.4% since the company's last earnings release while the stock has drifted lower by 57.0% from its open following the earnings release to be 57.7% below its 200 day moving average of $18.30. Overall earnings estimates have been revised higher since the company's last earnings release. On Tuesday, February 18, 2020 there was some notable buying of 1,000 contracts of the $32.00 call expiring on Friday, January 15, 2021. The stock has averaged a 13.0% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=SIG&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Paychex, Inc. $51.97 +> **Paychex, Inc. (PAYX)** is confirmed to report earnings at approximately 8:30 AM ET on Wednesday, March 25, 2020. The consensus earnings estimate is $0.95 per share on revenue of $1.14 billion and the Earnings Whisper ® number is $0.95 per share. Investor sentiment going into the company's earnings release has 79% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 6.74% with revenue increasing by 6.50%. Short interest has decreased by 18.5% since the company's last earnings release while the stock has drifted lower by 40.3% from its open following the earnings release to be 37.5% below its 200 day moving average of $83.19. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, March 19, 2020 there was some notable buying of 1,413 contracts of the $62.50 call expiring on Friday, September 18, 2020. Option traders are pricing in a 7.6% move on earnings and the stock has averaged a 1.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=PAYX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# GameStop Corp. $3.76 +> **GameStop Corp. (GME)** is confirmed to report earnings at approximately 4:05 PM ET on Thursday, March 26, 2020. The consensus earnings estimate is $0.84 per share on revenue of $2.36 billion and the Earnings Whisper ® number is $0.75 per share. Investor sentiment going into the company's earnings release has 4% expecting an earnings miss. Consensus estimates are for earnings to decline year-over-year by 42.07% with revenue decreasing by 22.95%. Short interest has increased by 1.3% since the company's last earnings release while the stock has drifted lower by 28.4% from its open following the earnings release to be 23.1% below its 200 day moving average of $4.89. Overall earnings estimates have been revised lower since the company's last earnings release. On Wednesday, March 11, 2020 there was some notable buying of 5,970 contracts of the $8.00 call expiring on Friday, July 17, 2020. The stock has averaged a 12.0% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=GME&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Onconova Therapeutics, Inc. $0.30 +> **Onconova Therapeutics, Inc. (ONTX)** is confirmed to report earnings at approximately 6:55 PM ET on Tuesday, March 24, 2020. The consensus estimate is for a loss of $0.05 per share on revenue of $70.00 thousand. Investor sentiment going into the company's earnings release has 46% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 94.12% with revenue increasing by 18.64%. Short interest has increased by 798.7% since the company's last earnings release while the stock has drifted lower by 27.4% from its open following the earnings release to be 76.4% below its 200 day moving average of $1.29. Overall earnings estimates have been revised higher since the company's last earnings release. The stock has averaged a 8.2% move on earnings in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=ONTX&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Canadian Solar Inc $14.71 +> **Canadian Solar Inc (CSIQ)** is confirmed to report earnings at approximately 6:00 AM ET on Thursday, March 26, 2020. The consensus earnings estimate is $0.55 per share on revenue of $869.35 million and the Earnings Whisper ® number is $0.49 per share. Investor sentiment going into the company's earnings release has 63% expecting an earnings beat The company's guidance was for revenue of $850.00 million to $880.00 million. Consensus estimates are for earnings to decline year-over-year by 71.35% with revenue decreasing by 3.52%. Short interest has increased by 8.0% since the company's last earnings release while the stock has drifted lower by 9.8% from its open following the earnings release to be 28.1% below its 200 day moving average of $20.45. Overall earnings estimates have been revised higher since the company's last earnings release. On Monday, March 9, 2020 there was some notable buying of 511 contracts of the $18.00 call expiring on Friday, April 17, 2020. Option traders are pricing in a 19.9% move on earnings and the stock has averaged a 13.5% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=CSIQ&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Jianpu Technology Inc. $1.00 +> **Jianpu Technology Inc. (JT)** is confirmed to report earnings at approximately 6:00 AM ET on Monday, March 23, 2020. The consensus earnings estimate is $0.01 per share on revenue of $157.83 million. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat The company's guidance was for revenue of $34.00 million to $37.00 million. Consensus estimates are for earnings to decline year-over-year by 0.00% with revenue increasing by 46.23%. Short interest has decreased by 11.3% since the company's last earnings release while the stock has drifted lower by 35.5% from its open following the earnings release. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=JT&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming trading week? + +***** + +I hope you all have a wonderful weekend and a great trading week ahead r/StockMarket. +I've just seen this article that's been posted on the BBC website and thought I'd share it here: + +[Why are energy bills so high and when should I take a meter reading?](https://www.bbc.co.uk/news/business-58090533) + +TL;DR - Do a Gas/Electric meter reading tomorrow (31st March) to make sure you are billed correctly for your usage at the current lower rates before the energy cap rises on the 1st April. + +Note - Giving a false (higher) reading to pre-purchase energy at the lower tarrif cost is fraud and illegal - do not do this. +Some shill told me: "Its been two years since GME squeeze [sic], move on bro!". + + +And then it hit me. He is exactly right, two years. Thanks, shill! + + +Swaps have to be carried over to other swaps in 2 year periods. There were, conservatively, around 700m-1b GMEs pre-split. Now imagine, just imagine. If these were your bags, would you be a little bit nervous to re-negotiate these books with a swath of banks for Jan 23 2023, for them to hold the bags for you, in an ongoing or coming financial crash, for two years, when apes have _already_ fucking DRSed this shit so smithereens? What the fuck will the sales pinch be, to entice banks to take on these books for two years, when they know that houndreds of thousands of apes are DRSing this shit literally every single day? Two years ago, there was a bankrupcy-case, and a flood of BCG shills infiltrating a whole bag of retailors. This is not exactly the case anymore for GME (and BBBY btw). + + +With Citadel selling 20% of their company and taking a $600m loan, even before market started shitting itself, imagine their margin for error in this mission. They have an impossible situation. "One more day", every day, for these magical last two years 2020-2022, with a grande finale, will lead them to madness. + + +May the share of Damocles hit them on their shiny, beady heads. I am not a retaliatory person by nature, but these businesses are a vermin and a scourge that needs to be taken down for companies to actually operate. +I've been "investing" for around 5 years (dabbling). I've made the early mistakes of following the crowd, peoples tips, buying at the top etc. Predominantly I now have my money in Vanguard (majority global all cap). + +I want though to know how to quickly and fully understand / calculate a companies financials initially. I've just audibled naked trader and whilst I have a brief understanding - does anyone know of a short course / link that they've found easy to understand & learn relative to investing? + +Any other courses/links/books on the learning fundamentals of trading would also be appreciated! + +For info - I'm 33 & comfortable with the risks.. I am just keen to learn properly rather than ride on luck tips and gut. I'm not a complete newbie and feel I have a loose understanding of signals of a ramp on an illiquid AIM stock & someone's im depth research on an undervalued stock, but I appreciate at the moment there's a large element of gambling. But given the direction I do think my temperament, patience & knowing to play the long game that I feel I could make a success of it long term. + +Edit: I have also read How to Own the world, I will teach you to be rich Ramit Sethi, Investing Demystified Lars Krojer. +I've been seeing a lot of news articles about generating passive income by investing in dividend stocks. I've recently sold a house and have around £20,000 that I'm looking to do something useful with. + +Housing market is insane at the moment which turned me to looking into dividend stocks. I built a list of promising ones with a little research, averaged out the last few years of yield and applied my money across them evenly.....essentially came up with an annual income of just under £1180. Even taking out the Covid years only increased the annual income to £1660 a yield of just under 6%. + +Perhaps I'm being to cautious with averaging out past performance, perhaps i'm spreading myself too thin and should choose fewer higher yielding stocks but this doesn't even come close to providing anything like the income i'd get from a BTL. + +Am I missing something in how I'm calculating this? +A lot of some of the most popular stocks were down. My SMT was down a ridiculous amount. Was it just by chance that loads of people were selling all at the same time, or was there some event or news which caused this? +Hope everyone has a happy new year bulls and bears ! What a roller coaster year really tested the most seasoned investor . Got really tough in March but those who held strong and bought during the rough patch were rewarded handsomely . Hoping for another solid year in 2021 enjoy the holiday weekend stay safe . +Hi everyone, + +I've been real quiet about just how much data i do store and of what, and whether i even have it all backed up. Now that I do, there is no more need to hide it. + +So without any further ado, I wanted you all to know that if for any reason there is a video or a post that you forget to find - you will always be able to find it in the archive of ape historian - if its missing - please do let me know as i know for a fact i dont have 100% of everything, butttt, its pretty fucking close. + +sad news: first ssd is down. + +&#x200B; + +[this guy has been diligently working to backup everything: his only job was to take all the data for the day, save it , and send it to the server for long term storage.finally, a few days ago he gave up and gave me IO errors, which i then realised that he can no longer write and went to read only mode. 157tb read write isnt that difficult when you run an ssd for 24\/7 and it can write at 500mb\/s. they weren't really designed for this.](https://preview.redd.it/soynym1twym81.png?width=1512&format=png&auto=webp&s=88a3ce49faa05ad324727ec52cb25db4ca316397) + +# happy news: the data (short version): + +1. post and comment data (in various formats, as flat files, csvs and as HTML individual posts with comment threads). +2. ALL memes and videos, shitposts, etc. - the file names are appended by post\_ID\_FLAIR\_and\_video\_id\_if its not from reddit. +3. All FINRA filings - thanks to jhkhalar who originally found the way to do this quickly. +4. every sec filing that has been shared in a post or comment. +5. Every tweet that was shared - backed up in the same way - redditpost\_id\_tweet\_idname. +6. every news story (but you know all this) +7. A massive data dump of absolutely every singl link, withe columns for post id, url to link, subreddit, date. if its in that list i hope someone has backed it up. +8. if you want to help me out in creating the biggest collection of fuckery - if you see any link - please head to [https://addons.mozilla.org/en-US/firefox/addon/archive-page/](https://addons.mozilla.org/en-US/firefox/addon/archive-page/) \- get the addon - and then archive the post or the twitter feed or the whatever else you have - as long as the original url is known, people will be able to see the extent of the fuckery. +9. if there was a youtube link. i um, also have that backed up. +10. the "goodmorning everone today is the day", is um, also, um, backed up. every single copy. +11. so are the daily /u/mr_boost updates in video form. +12. **There is probably much more crap in there than i ever hope to sift through - one day.** +13. there is a log of almost EVERYTHING that was ever mentioned, including links, posts, youtube videos, pdfs, the lot. i am happy to share small exports of this data with anyone who wants it - they will either be on my site (in torrent and resilio form eventually) and as adhoc links. + +this "archival system" was designed so that all you need to know is you need to know the ID of the post. + +from there, you can: + +1. search by ID from any of your downloaded files +2. you can find the backed up versions of those posts online (on [archive.today](https://archive.today)) +3. you can filter for the ID if you downloaded any of my big exports and you will not only get the backup of the post but also the backup of any videos that were embedded, and even links to videos that were shared in the comments section ( i am still working on this). +4. you will be able to search for "meme" and get all the meme videos, and this time i really mean all of them. i made sure. and the shitposts as well. + +TLDR- if reddit goes down and i stop posting for whatever reason, i hope there is one or 100 apes crazy enough to download the whole export or parts of what they think should be preserved and educate others as to the fuckery that we all uncovered. + +I will be dropping the links to all the video files in this post and (and in due course to my site) + +links to videos: **please stand by , they will be here** + +any feedback, please do let me know of course. + +# but ape historian, what about the site? when is that getting an update? + +I am working on that right now, its been, its been a crazy few weeks and I am only just making plans on how to keep publishing data. + +**the changelog: there is a new page on the site, called the changelog - where i will document any and all changes as well as identify any parts of the site that shall remain.** + +my immediate priorities is to summarize and create a section of top content on the site as youtube links, and continue to expand my DD sections. + +&#x200B; + +Thanks, + +Ape historian, destroyer of free disk space +I'm working with roughly 60k and have been wheeling single contracts of MSFT on a more or less 14 DTE timeline. It's been working great, I've only been assigned twice but MSFT is an excellent stock so it always bounces back and I make a profit. + +That said, I want to take full advantage of the 60k and am looking to step up my game. I'd like to add SQ and ABNB to my wheel and move the contracts out to 60 DTE and sell at 50% profit. I've done some rough calculations and have come up with about $1,200/month expected profit. + +At first glance this seems low from what I've read from other members. What am I doing wrong? Is there another way to pump up my monthly income numbers? +Article: https://www.cnbc.com/2019/12/28/70percent-of-american-investors-wish-theyd-handled-money-different-in-2019.html + +CNBC is always biting at the bit to post a new doomsday indicator or tell you why this or that bear says the market will crash in six months. Bears should be held accountable and given a healthy dose of skepticism, not the front page. Invest regularly and don't wait six months for the crash that may never happen. +Thesis: Blackrock and the FED worked together to save each other, and used Tax Payer money to create the biggest market bubble ever... + +The research kept bringing me back to Blackrock. It's something thats hard to explain but it just kept bringing me here. I want to show you... How Blackrock and the FED worked together, to create the biggest market bubble ever... + +Lets take a look at Blackrock... + +[BLK 3 year chart... ](https://preview.redd.it/jgpw4luj3pt81.png?width=1508&format=png&auto=webp&s=c1a858795ed2e872c922208b72e10879abafb0ea) + +Blackrock Crashed in the Covid Crash like everything else... We saw Black rock trade from around $566 down to $329. So during thie Covid Crash, BLK lost about 28%.... and it bottomed out on what day? + +Zoom in on the crash.... + +[You can see the Bottom was 3\/23 at $329.21 a share.](https://preview.redd.it/p42reyzn4pt81.png?width=1504&format=png&auto=webp&s=01fbbb7e244da04ec29e3179300ee6c5c71375a7) + +So during this time... the markets were losing money... and the FED came in with heavy stimulus to support them... + +**The New York Times publishes this on June 24th... about 3 months after the Blackrock bottom.** + +[https:\/\/www.nytimes.com\/2021\/06\/24\/business\/economy\/fed-blackrock-pandemic-crisis.html ](https://preview.redd.it/buemddc36pt81.png?width=666&format=png&auto=webp&s=2354cbf1befdb82f582fc4fbccc6400c5fe0c668) + +[Is The FED U.S Officials?](https://preview.redd.it/51bespdb6pt81.png?width=585&format=png&auto=webp&s=4da926042fe7a6c4bd96abaf233c5c9653c20c98) + +First of all... If this goes on to talk about the FED - i'm going to ask again... Is the FED really a U.S official? + +https://preview.redd.it/u7spooip6pt81.png?width=618&format=png&auto=webp&s=b33fe7832fca0af69c381870e6b4a7ed81fe56a6 + +They open by reminding us that J Pow and Mnuchin "Saved" the markets... And... During the Crash, when everything was crashing... JPOW and Mnuchin met with a Wall Street Executive whose firm stood to benefit financially from the rescue??? + +[Its really clear here that FINK and the FED worked together to come up with the Covid Financial Response. ](https://preview.redd.it/rcjma6077pt81.png?width=642&format=png&auto=webp&s=12952a9d030d14d5d9726a3fbbfa293ab48420f2) + +[The FED's unveiling on Monday March 23rd... ](https://preview.redd.it/sl0rif2t7pt81.png?width=636&format=png&auto=webp&s=3a1b82ad2a9717337abe575de5b04ff8b98550b9) + +And if you scroll up... you remember that Blackrock's bottom was on March 23rd... Whats also interesting is after speaking to Blackrock... they come up with the first ever program to buy corporate bonds \*cant make this shit up... It says the bonds were becoming nearly impossible to sell... and since then, they still are... The FED and Blackrock, are still supporting this business, along with others. + +Today... According to Blackrock... "Bond ETF's" are the fastest growing part of the bond market. + +[https:\/\/www.blackrock.com\/us\/financial-professionals\/products\/bond-etfs](https://preview.redd.it/nb8o9a7j8pt81.png?width=1134&format=png&auto=webp&s=5f0f922d58fd11ab7788a8c9b99f95e2e34466cf) + +And since they went in to Business with the FED... things really took off for Blackrock. + +During the Covid era... Blackrock stock trippled... + +[They traded from $324 - $973 During the Covid Recession...](https://preview.redd.it/sv4y8em19pt81.png?width=1498&format=png&auto=webp&s=678bb2eb5287f673e1782c34bfc82f20fd4b79bc) + +It doesn't make any sense to me? + +[FUD me harder NY Times... ](https://preview.redd.it/ib0kst3f9pt81.png?width=653&format=png&auto=webp&s=3b77aa2b9e0014b0a13f4f3bbc202f225d2c619b) + +[Its the same picture meme here - Blackrock and the FED...](https://preview.redd.it/r0689ivp9pt81.png?width=646&format=png&auto=webp&s=3d9c876c7cb83c64cd6f4dff35802118ca3af92b) + +[Again - It was all Blackrock and the FED ](https://preview.redd.it/dun94ri2apt81.png?width=674&format=png&auto=webp&s=9e87db526554525f16875b0c7a43189b7dd2661f) + +And this NY Times piece dropped after the fact... After everything was already done... + +[So Blackrock is getting bigger than ever and bribing, I mean, Lobbying more than ever...](https://preview.redd.it/zdawbm7dapt81.png?width=655&format=png&auto=webp&s=a4ba7576a71826fba78af87c29add98d86317afd) + +So the FED and Blackrock started buying LQD that morning... on March 23rd. LQD is "Liquid" the ISHARES investment grade Corporate Bond Index. + +[LQD 3 Year Chart](https://preview.redd.it/069j6df1bpt81.png?width=1509&format=png&auto=webp&s=2028225f2467e1193c0f98f39490a53fb27e7dd9) + +One thing to note here, is how much its fallen this year. LQD or U.S investment grade bonds are down + +[LQD is down almost 12&#37; YTD](https://preview.redd.it/3l4286z9bpt81.png?width=1045&format=png&auto=webp&s=64b227d66f0f39e20145cd92cbb0c4a5eaafab75) + +&#x200B; + +[\\"AGZ\\" is Agencies, also owned by FED... look at that chart.....](https://preview.redd.it/lsquf3udrpt81.png?width=1506&format=png&auto=webp&s=215cc5f671e9a9cef34da4b43299689eca67278b) + +But the FED spent Trillions on Assets, that Blackrock got paid a fee on. + +**The FED pumped trillions in to Blackrock products, which earned Blackrock billions in fees, with money meant for stimulus. Over this time... Blackrock went nuts and used this "Fee" money to buy more assets. Now the U.S is $30 trillion in debt and these markets are about to collapse.** + +As soon as the FED stops pumping - Blackrock is coming down with them. The bonds, in the Corporate Space, Treasuries and Agencies is the biggest market bubble ever. And its already started to unravel. + +&#x200B; + +[TLT 5 Year Chart](https://preview.redd.it/plkfxau8cpt81.png?width=1481&format=png&auto=webp&s=fa88b41321713ba9f484b2575cdc6d2c2535a785) + +And if you extend it out.... + +&#x200B; + +[I see treasuries trading down.... And the 30 year possibly cellar boxing itself...](https://preview.redd.it/xi1h7kqrcpt81.png?width=1204&format=png&auto=webp&s=924f0402935d46b5dfe296037ce240361a01beda) + +If we look at Blackrock stock itself which is down 25% in the past 6 months, I think the music has stopped, and Blackrock is naked as anyone. + +[Its always \\"Worlds biggest Asset Manager\\" AND \\"$10 Trillion\\".](https://preview.redd.it/5qzfowd6dpt81.png?width=764&format=png&auto=webp&s=08622074872611971d5b8c4abb84b9ad0d51c7eb) + +How much of the $10 Trillion is FED money? Thats my next question - + +**The FED and Blackrock have no clothes. These bonds are coming due and someone is going to have to pay.** + +&#x200B; + +Speculation note: they lent all their GME to APES via SHF - APES have Blackrock's GME and they cant deliver on it to their clients. Once GME moons and clients want to liquidate those Blackrock ETF's and Mutual Funds = thats when Blackrock will be squeezed - + +TLT AGZ SPY LQD - All of the charts are starting to look the same - The FED really has been pumping up the whole market - but they call it liquidity.... + +The only Difference between Madoff is, Madoff actually used real money in his scam.... Madoff was authentic. + +Blackrock has endowments, pensions, dc plans, corporate plans - Blackrock did benefit from stimulus money tho... + +[https:\/\/www.pionline.com\/money-management\/blackrock-surging-toward-10-trillion-assets](https://preview.redd.it/a7xvo4dcjqt81.png?width=1260&format=png&auto=webp&s=7feed7c1c8851e0a0b15ed05b3d7fb94373a4b44) + +&#x200B; +First off I wanted to start by saying thank you to all of you guys for helping me pick and choose great stocks. I currently have a dividend portfolio with about 60 stocks ( Flo, SPHD, JNJ, MPW, IVR, T, Psec, GOOD, CSCO, ABR, Agnc, Gain, SJR, MAIN, KO, ENIC, UMC, PBA, NMR, NLY, STAG, MGM, AFL, SBUX, 3M, CMI, DOV, STZ, PEP, CCI, HD, WYNN, UPS, ORCL, HRZN, WELL, CL, PEAK, NEE, VYM, JPM, O, COST, MORT, EPD, MO, AAPL, ASX, HMST, PFLT, ABBV, LMT, BMY, XOM, PPL, DIV, BP, VZ, TD, BTI, UTZ, SO, WBA, CVS, OUSM, UVV, HRL, GIS, ) I’m 22 years old & have 15k invested I wanted to add more stocks and was wondering if there’s a good one I’m missing out on. I don’t mind having a bunch of stocks I will be trimming later on in life. If you guys could recommend me some that I’m missing out on I would appreciate that. Thank you so much. +Ok so ive been trying to read more classic econ texts like freakonomics or wealth of nations etc and i would appreciate some recommendations for texts that are pretty fundamental to the study. For reference I am a high school student and I appreciate that the two aforementioned texts arent ultra complex and i would appreciate something more academic but either way im impartial just wanna read more economics +Vitalik highlights the importance of decentralisation when considering scaling proposals. + +https://ethresear.ch/t/scalability-with-block-creation-by-a-random-masternode/884 + +"EOS’s scalability is NOT because of DPOS or anything similar; its claimed scalability comes entirely from the fact that it requires each node to have a much higher computational capacity, making it impossible for anyone but large businesses to run full nodes. We could do that too, but won’t because it’s contrary to the goals of decentralization. + +Asterisk: it’s actually a totally reasonable strategy… inside of a Plasma chain. Hence why there’s https://github.com/ethereum/plasma22, https://github.com/ethereum-plasma23 and several other projects. " + + +More than two in three (68.8 per cent) rental apartments in the Melbourne CBD were sold for a loss during the March quarter, *even before the virus hit*, with experts forecasting further losses in the coming months as the city goes back into another lockdown. + +Vendors in Stonnington in Melbourne's inner south-eastern suburbs were among the hardest hit with one in five (21.8 per cent) homes selling for a loss. + + +More than two in three rental apartments in the Melbourne CBD were sold for a loss, even before the virus hit. Graham Denholm + +In Yarra, more than one in seven (15.6 per cent) homes sold in the March quarter made a loss, while 12.9 per cent of all sales in Moonee Valley were sold lower than the purchase price. + +Overall, more than one in three sales (33.6 per cent) were sold at a loss in the Melbourne city area, with vendors losing a median value of $44,500 for each transaction. + +In Sydney, Burwood racked up the biggest portion of loss-making sales with more than one in five (22.4 per cent) selling lower than purchase price. + +In Parramatta 15.9 per cent were sold for a loss and 13.5 per cent each for Ryde and Strathfield. + +Nationally, the portion of loss-making sales rose to 12.3 per cent, 1 percentage point higher than the previous quarter. + +CoreLogic principal Eliza Owen said the recent rise in coronavirus cases were likely to push these numbers higher. + +"Home prices in Melbourne had already declined by 2.3 per cent in the June quarter, so it's highly likely that there will be an increase in the portion of loss-making sales in the metropolitan area over the coming months," she said. + +Vendors rush to sell +Despite potential losses, Melbourne vendor Tim Grimshaw went ahead and auctioned his home earlier than planned amid worries the lockdown may further spook buyers. + +"Our auction was planned for this Saturday but our real estate agent suggested we should move it forward as he had seen the writing on the wall and anticipated what's going to happen," Mr Grimshaw said. + +"Our agent and auctioneer, Blayze Fatchen of Ray White, said we might not have anyone turn up to the auction and not get any offers at all, so we decided to go to auction on Wednesday because we already had some interested buyers. + + +This house at 40 Breeze Way, Greenvale was among the properties auctioned online this Saturday. + +"We're very happy with result, given the current climate. It feels like a big stress has been removed. I think it was the right call." + +It's a call that a growing number of vendors are starting to take since the second lockdown was announced, says Melbourne buyers' agent Cate Bakos of Cate Bakos Property. + +"We're seeing a number of vendors scrambling to bring their auction dates forward. We just bought two properties from vendors who did that," she said. + +"Although, I think some buyers will opt to sit it [lockdown] out like the first time." + +Melbourne-based selling agent Ryan Castles of hockingstuart said he has already seen some buyers pulling back. + +"I have one online auction this weekend and had three registered bidders, but one of the buyers rang me today wondering if they should wait or whether it's the right time to buy, so I think people were shaken a bit," Mr Castles said. + + +Melbourne vendor Tim Grimshaw decided to sell ahead of the scheduled auction on worries that no buyer would turn up. + +"I think buyers are probably concerned about the virus and more hesitant to do anything or even leave the house." + +Virus to hit housing activity +CoreLogic's research director Tim Lawless said consumer sentiment readings, which were highly correlated with housing activity, have already fallen due to the surge in virus cases in Melbourne. + +"It will likely fall further as consumers react negatively to the economic and social implications of the lockdown along with increased uncertainty," he said. + +"If the housing market’s performance through the previous lockdown is anything to go by, it’s highly likely that Melbourne property transaction activity will see a sharp drop over the next six weeks." + +During the first lockdown in late March, real estate agent activity across Victoria plunged by almost 70 per cent and clearance rates fell to just 20 per cent in early April as vendors rushed to sell before auction or withdraw their listings. + +"We're likely to see both a material decline in new listings as vendors lose confidence in testing the market, and a lower number of sales as buyers retreat to the sidelines," Mr Lawless said. + +https://www.afr.com/property/residential/melbourne-apartments-sold-for-a-loss-as-lockdown-spooks-vendors-20200709-p55aih +I tend to do it everyday when marker open until market closes and I find it very stressful. I don’t think this is a good practice. Would be best to do it just once a month to track my portfolio value and check if something needs a rebalance/adjust ? Thanks +Landed a new job in Germany which means I'm here for the duration. I have a decent amount of funds in my checking and will be putting €1,200 a month towards it after all of my bills are taken care of. + +What can I do to watch this money grow a bit more during my stay here? +I have been accumulating a position in VWCE, nearly €100k, and it's all on Degiro. Should I start putting some in the same ETF with another broker to limit risk with Degiro? + +I own a home with a low interest rate on the loan and I'm not interested in putting more money in real estate right now. I have some smaller investments that are mainly for fun. +There has been an influx of low level questions in this subreddit, I am posting this in hopes of reducing the volume of these questions by answering the most common questions I have observed in detail. Please feel free to comment below if you believe my answer does not properly encapsulate the answer to these questions. + +**What is Algo Trading?** + +Simply put "Algo trading" is trading any asset class via a system of rules. This can take the shape of many things! This does NOT mean that these trades must be automated, this would be AUTOMATED trading. A lot of algorithms encapsulate automated trading so that when a trade is warranted based on your rule set (your algorithm) you are able to act on this observation faster than you otherwise would be manually. This is advantageous to your algorithm because it yields a much more consistent implementation of your algorithm which will mean there is less noise or augmentation within your results. This is why you commonly see Automated trading being put into Algorithmic Trading systems. + +Algo Trading can take the shape of many things. This could be a system that simply utilizes signals observed in the market to buy and sell or short and cover. This could be a mathematical formula used to derive the optimal weights and exposures to a plethora of assets in order to form a portfolio that is held and not traded. This could be a system designed NOT TO GENERATE ALPHA, but instead is used purely to systematically manage the risk that a bundle of alpha generating systems accrue while trading. **ANYTHING that obeys a set of rules to designate exposure to a financial instrument is a Algorithm. And trading on those designations forms the distinction of Algorithmic Trading.** + +**What is the process or workflow to create an algorithm?** + +This is not the recipe to making millions, it is the honest process to creating an algorithm. +* Establish an environment where you can backtest the outcomes of trading on your rule set. You can write your own structure or you can use one of the many packages available on GitHub such as Zipline! +* Next, RESEARCH. You are looking for an opportunity to make money in the markets. In order to do that you need to identify an inefficiency or a long standing continuity that you can capitalize upon. This means that you should look at historical data (this can be quantitative data (OHLCV) or earnings reports, global occurances, etc. Then try to observe the same instance empirically live! +* Now that you have an idea of how to capitalize on the market, you must figure out how to encapsulate this into a set of rules so that trading this instance can become consistent and systematic. +* Once you have made a set of rules based on your observations from research you can implement them in your environment we established in step one and find out what the results MIGHT have been in the past. +* People traditionally evaluate these results using a Sharpe Ratio, Excess Return, Return Vs. Benchmark (S&P 500), and a whole lot more. +* Once you have something you believe has potential you can then implement it through a brokerage's api and begin trading it live. + +**Applying Machine Learning and Artificial Intelligence to Algo Trading** + +A lot of people come to Algo trading with the stipulation that they can take a Neural Network or Random Forest and throw OHLCV/Technical indicator values through it and begin magically forecasting the stock market. This is NOT the case. Machine learning has applications to Algo trading but they usually do not have any role in generating alpha. Most commonly they can be applied to REFINING your alpha from an existing strategy. This can include refining the amount of times you act on your Algorithm's output, weighting the amount of capital you will allow to flow through multiple strategies at once (ex. your learning algorithm identifies that when volatility is high your short strategy does not perform well so it will allocate less capital to that strategy while the specific condition is present), or for simply contributing to your rule set for your overall algorithm (ex. you are considering a long position based on the core output of your model but a Natural language processor algorithm reads a very negative news story involving the financial instrument that nullify the signal to take a long position) + + +**These are the three most common questions I have observed as of lately. If you have specific questions please comment below and I will try my best to answer them.** +I keep a list in my phone of 30 different items that I buy a lot of (TP, paper towel, deodorant, bulk meat, chicken, etc). I track the benchmark price of each of those items which I have determined based on shopping at the cheapest places, like Aldi and Costco. Example, Costco Toilet paper is $.01/sq foot, and Dove Shampoo is $0.18 an ounce, Aldi aluminum foil is $.026 per foot. This way when I am shopping and see sale or clearance prices for the similar items, for example, charmin at walgreens, costco bulk foil, i can quickly determine whether that product in its current size is a good deal based on my bench mark prices. This has saved me a lot of money by finding great deals on clearance/sale, but also saved me money by avoiding a purchase that appeared to be a good deal until I compared the price to my benchmark + + +**Edit.** Here is an excerpt per request so you have an idea of what I mean https://imgur.com/xFxqHDi +We have a townhouse in Melbourne that was vacated 2 months ago and we have now dropped rent by 100 dollars (now 395 per week) and 1 month free rent but still no applicants. + +There are about 400 places for rent in this suburb alone. Some rentals have halved in price. + +What are you guys doing to get yours rented out? +&#x200B; + +[$8.89 close back in 04\/26\/2019!! ](https://preview.redd.it/5w11854xpmv61.jpg?width=999&format=pjpg&auto=webp&s=5b2b55de6ab3934bb618b1c193dba89d191abf47) + +Edit 3: OMFG, I was wrong! Thank you, u/ixAries, for pointing it out! I took a photo of 2019 and not 2020! It's even more interesting to compare it now! + +&#x200B; + +[April 27th, 2020 - GME Market cap was $411M !!!!! With the money they got today for 3.5M shares, they could buy the entire stock and keep $139M!](https://preview.redd.it/yx5jor9symv61.jpg?width=994&format=pjpg&auto=webp&s=efe43569f8819b2ed7885bc3e88019898c5c33a3) + +&#x200B; + +Edit 1: Many APES are questioning the price move today. I truly believe this excellent DD by u/ihatedmyboss has an excellent explanation about what happened to the price today during normal trading hours. The stock moved without any news. + +Linkt to the DD: [https://www.reddit.com/r/GME/comments/mfk7xa/gme\_price\_significantly\_jumps\_every\_2122nd/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/GME/comments/mfk7xa/gme_price_significantly_jumps_every_2122nd/?utm_medium=android_app&utm_source=share) + +The after-hours move was a totally different story. The great news moved it. + +Based on u/ihatedmyboss DD, this has been happening every month since December 2020. We can have another confirmation tomorrow if the price explodes. Please read it and get informed. I wrote down on my calendar the next day this is going to happen. It's going to be from May 27th to June 1st. + +&#x200B; + +Edit2: NSCC-2021-005 was signed today. It's fully effective in up to 20 business days. This is a shit ton of rocket fuel for May 27th week! If it walks like a rocket and talks like a rocket...BOOM! + +[https://www.reddit.com/r/GME/comments/mz9gjd/nscc2021005\_has\_been\_signed\_today\_implementation/](https://www.reddit.com/r/GME/comments/mz9gjd/nscc2021005_has_been_signed_today_implementation/) + +&#x200B; + +My good apes, + +Not financial advice. I'm really dumb. + +I feel bullish as fuck right now. Back on April 26th, 2020, the Gamestop closing price was $8.89! That's a total market cap of $629M for their 70.77M shares (plus the fake ones). + +Today they sold their newly minted 3.5M shares for $551M @ $157.42 while the price kept going up, reaching $190 AH today. + +&#x200B; + +Look at the image below. Chewy back in Ryan Cohen's days raised $451M in 4 years! Now, this company is beating amazon on the pet segment. + +&#x200B; + +[Just for comparison, Chewy raised a total of $451M, and it's now worth $34.31B](https://preview.redd.it/gy0t23j8blv61.jpg?width=1544&format=pjpg&auto=webp&s=6ae63ba4640ed274824b0dda453dfa1246a643b5) + +My question is: What can Gamestop do, debt-free, gearing for e-commerce game domination with fresh $551M in the bank? I'm bullish AF on this company even after the squeeze! + +How are we so far: + +&#x200B; + +1. Ryan Cohen for Chairman +2. Best in the class team for their e-commerce transformation. +3. $551M added to their bank account today, totaling $900M cash in fucking hand. While shooting the stock up after hours! +4. Optimizing retail locations to improve costs while improving customer service. +5. The company is about to short squeeze! +6. People are flooding the brokers with phone calls asking for their proxy! +7. I'm jacked to the tits full force! +I see a lot of people who recommend paper trading, but i really think its worthless. You cant compare real money trades with paper trades, because you dont have the same emotions and would never trade the same way. + +Its ok for the first one or two weeks to learn the basics but i would switch to real money as soon as possible. +Whether the numbers are above or below current estimates, tomorrow is a hype-day. + +These confirmed data-points for Dr Ruth's Sex Book are my personal highlight of the quarter, letting us know how far along we truly are in fucking the hedgies. + +As always, expect fuckery around the earning calls! +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 +Hi everyone, Eli Buyko here! + + +**You are an options trader and You need to put yourself at the best position to profit consistently, this is actually way simpler than you think and it all starts with your trading plan!** + +&#x200B; + +Let's go over 5 key points to create a profitable trading plan: + + +**KEY #1: My capital** + +How much money are you willing to invest in the business of selling options? Because it is a business and you need to treat it that way! +Like in any business you need to invest the amount that won’t change your day to day life, and that is extremely important! +Now what is the minimum amount to start selling options properly? In my opinion it is $5K, its enough to diversify and manage risk properly. + +If you have less than I suggest to save up bit more and paper trade for now. + +&#x200B; + +**KEY #2: Make some basic rules** + +These rules are universal regardless of your trading strategy! Here are a few of my rules, Feel free to use them: + +&#x200B; + +1. Risk no more than 5% of my account per trade: This one is self explanatory and it makes sure one trade cannot wipe my account. +2. Use no more than 70% of my buying power at once: This is because I need to have liquidity left for losses and MR increase if I sell options. +3. Have at least 4-5 small positions open at once (all uncorreletaed): With this rule I make sure bad news in one sector of the market doesn’t affect my entire account but affects only one position. +4. Little to no adjustments, keep in simple: I am against complexity because it increases the probability of losing, so I keep it simple. +5. Be safe than sorry: It is a simple rule that can save you a lot of money! If you don’t understand what is going on in the market, then don’t open any positions or exit the ones you have, can’t stress enough how this rule helps me! + +I have a few more rules that are strategy specific and you will have the same thing. + +&#x200B; + +**KEY #3: What is my strategy?** + +This is actually the least important key of them all, there are many many good strategies out there and I am sure you already have one that you like and try! If you are selling options you probably heard about selling puts, for those who don’t know you sell a put and expect the price of the underlying to go up or stay the same and let theta decay generate profits for you. + +Here’s a simple put selling strategy: + +Look at any underlying on a monthly chart and look for the MACD indicator, is it up trending? + +https://preview.redd.it/3al3vxxxect81.png?width=1874&format=png&auto=webp&s=c6bd11377cc468f1b379804e33c09556d75b789e + +If yes switch to the weekly chart and look for when the MACD will also cross and uptrend, then sell a short put and set your profit/loss targets ahead of time. + +https://preview.redd.it/w377agwzect81.png?width=1874&format=png&auto=webp&s=fe757cebeb4f6bdba1d561d0fc10573d7cf3ac5c + +This strategy is extremely simple and very profitable, its also very easy to add rules around this strategy because again, we are keeping it simple. + +My personal main strategy is a neutral one, meaning I don’t care where the price moves to profit, you can check a full breakdown here on my YT. + +&#x200B; + +**KEY #4: I need to be realistic!** + +What does it mean though? + +Well it means to set realistic goals for your trading, here’s mine: + +&#x200B; + +1. If I am consistent I will Average a 30% return on my account per year over the long term +2. I will never know everything and therefore I must keep learning this business in depth +3. It is a long and hard journey that doesn’t have an end +4. As soon as I complicate my trading, I will lose +5. And last but not least: I need to become the best loser in order to profit consistently + +This is me being realistic with myself, and it took me some time to come up with this list but it works for me! +You do the same thing for yourself, create a list of the realistic expectations in your opinion and overtime they might or might not change but as long as you create that list you are ahead of everyone else! + +Remember trading is a business, as long as you treat it that way you will do great! + +&#x200B; + +**KEY #5: I need to execute:** + +Execute my trading plan, stay consistent but try to improve along the way! And as long as you are trading you will never complete this key, but the longer you stay on it, the better your trading will get. + + +In my experience it takes at least 1-2 years of consistent trading with the same trading plan to start gaining confidence, but then the market can completely change on you and you will need to repeat this entire process over again in some form, which is a good thing because you will develop the skill of adaptivity to new markets. + + +All in all I think any trader should enjoy the journey and keep their motivation up because that is the only way to be consistently profitable! + +I hope this post was helpful and looking forward to your response 🙏 +What better day than the weekend for some educational DD into how inflation affects markets? Let's put the dots together between macroeconomic talk on our sub and GME. + +In light of inflation remaining high (i recall a certain group of investors talking about this non stop for the past 6 months 😉), Let's go through how the Fed \*could\* fix inflation. However, as the saying goes, there’s no free lunch - as such, the Fed will have to sacrifice something. + +The following are the large ones they'll need to consider when making their decisions: + +1. The USD +2. Stonk Market +3. Housing Market +4. Government & Businesses + +Let’s start with how the Fed functions, in particular when it comes to rates. + +They have a number of different rate tools they can use, to simplify we will focus on the Discount Rate here (Refer to another post i wrote [here](https://www.reddit.com/r/Superstonk/comments/oaw2ls/demystify_the_feds_onrrp_operations_why_do_we/?utm_source=share&utm_medium=web2x&context=3), which goes into more detail on the different levers they have). + +&#x200B; + +[https:\/\/fred.stlouisfed.org\/series\/INTDSRUSM193N](https://preview.redd.it/5rpfiys52ch71.png?width=1165&format=png&auto=webp&s=275d18d4bf804ed320cc8bb40f6d00f09a9f2aad) + +If a bank wants to borrow money from the Fed, they will be charged the discount rate, flip it around - if the bank wants to deposit money with the fed, they get paid the discount rate. + +So, this means, if the Fed raises the discount rate, it becomes more expensive for the bank to borrow from the Fed, which means it’s also more expensive for us to get cash (higher rates on loans) - Hence: + +Fewer people being able to borrow money = Less money circulating in the economy = Inflation lowers + +Simple right? Nope. Sadly Nope. + +# Housing Market + +Let’s focus on Real Estate as the first topic given it’s an interest-bearing liability many of us have (or at least try to have, but the housing market is so fucked it takes 10 years to save for a 20% deposit - fuck Sydney.) + +The easiest way to show this is through a bank's borrowing calculator, for an income of $100k AUD annually before tax, at a rate of 2% we’re able to borrow $779,900 on a 30-year term. + +&#x200B; + +https://preview.redd.it/jxskih682ch71.png?width=767&format=png&auto=webp&s=e6c8100779692beea598987ca86566f4989868e5 + +Let's say the Fed (or the RBA for my Aussie homies out there) has gradually lifted the rate by 2.5% over a year, and that the banks have directly passed this rate increase onto its customers, that means our home loan rate is 4.5%. + +&#x200B; + +https://preview.redd.it/0h4g5gz92ch71.png?width=770&format=png&auto=webp&s=e16385e9fea3205587bebd41163a2089d92e75d4 + +This has **decreased** the borrowing power to $647,300 (**\~17% decrease**) due to affordability in repayments changing while income has remained static. + +This 17% decrease flows through into house prices (it won’t be 17% directly, as not everyone is in the same position - but you get the point I'm trying to make). + +**Let’s Put this into Today's Context** + +1. Building supplies costs be going through the roof + +https://preview.redd.it/b4g1c6dc2ch71.png?width=763&format=png&auto=webp&s=64177506598d0634e57376ca2d98436b3a47e8c2 + +1. Rental moratoriums looking shaky as fuck +2. Housing in general across many OECD countries being correlated with consumer confidence +3. Other things i cbb finding data on, e.g. the many people who rely on the housing industry + +So from this, you can start to piece together why the Fed is delaying increasing rates as much as feasibly possible. There are however other tools the Fed has available, some of which we talk about on this sub. + +# The Government + +Welp, we don’t want to fuck over the housing market (too much), what other tools we got? + +The Fed Open Market Operations. + +&#x200B; + +[https:\/\/fred.stlouisfed.org\/series\/WALCL](https://preview.redd.it/n1y3xc7f2ch71.png?width=1168&format=png&auto=webp&s=4743afa9482c8409738846ccd1c5698190365925) + +So, the fed can chuck up a convo with a bank and say, hey - we’ll buy your assets and give you $$, usually this is for treasury bonds, among other things - but they can actually do it with anything (recently they’ve been buying up shady junk corporate bonds) - which is why we see point 2. In the graph shoot up when COVID hit when they went into damage control. + +**Quantitative Easing** + +Why did they do this when COVID hit? By doing this they give the bank essentially “free” new cash for them to play with, which they can then lend out to the government and businesses as required (it was - because pandemics cause businesses to be tight on money). + +**Quantitative Tightening** + +This is the opposite of easing, and is relevant to point 1. In the chart above. It’s them selling off the assets they bought up in 2008 in this case. But because they sell the assets off into the market, it’s essentially taking away the money it “poofed” into existence when they were enacting quantitative easing. This causes less demand, less inflation but governments and businesses won’t be happy chappy. + +The government will pick up the phone to the treasury and say hey, we need $$, they’ll say “the Fed fucked us - as they are selling off T-bills, it’s caused the market to tank which means we gotta offer higher interest rates to make them attractive”. This is applicable for businesses as well in the open market when it comes to raising cash through bonds (bonds rate will also have to increase). Fucking Fed. + +**Why is this Bad Now?** + +COVID. Businesses are already troubled around the world when it comes to staying afloat, if the Fed makes it even harder by raising borrowing costs through Quantitative Tightening - then well - inflation occurs - lose lose situation. Businesses go out of business, supply for various sectors continues to be restricted, item value increases as a result of decreased supply = inflation. Fuk. + +# Stonk Market + +How about stocks? How the fuck would inflation effect them? + +This generally comes down to how stocks are valued, take the discounted cash flow (DCF) method. DCF values the investment based on future cash flows, calculating the present value of expected future cash flows by applying a discount rate, then arriving at a valuation. + +&#x200B; + +https://preview.redd.it/saj3fe9h2ch71.png?width=1118&format=png&auto=webp&s=eb84f08f72ac26c3a12d98831bd0cfd1dec0a450 + +What’s this discount rate based on? Surprise surprise, the Feds discount rate. Increasing the rate will cause a lower present value of future cash flows, resulting in a lower valuation of the company in question. + +This is the type of stuff that can affect growth stocks, growth is generally defined by low cash flows currently - but based on their plans expect to generate $$$$$ in the future. Compare this to value stocks, they have established cash flows - the further into the future a cash flow occurs, the lower the present value of that cash flow will be. + +When we then see interest rates **and/or** inflation, growth stocks will be hit harder than value due to their mature cash flows (as their valuations will be discounted more). + +# How about GME? + +Personally, if you miss the tie between GME and the wider economic talk in this sub, you can start to make the connection here. We talk about liquidity and margin calls. If we see inflation rise and rates rise - the natural expectation is for stock prices to decrease, which in turn could very well trigger the rocket IF stock prices actually price in this information (and margin usage does not skyrocket in step as inflation increases 😂) + +Sadly, it's not that straightforward by any means 😅. DCF used as the example above is but one valuation method. BUT it's entirely realistic as a stock's price in the short run can be affected in the following ways: + +* Short term revenue and profit reduction causing stock prices to decrease +* General economic slowdown (refer to the sections above, e.g. housing market scenario) and consumer spending in general +* Monetary policy, higher short term interest rates means investors can and will likely start switching parts of their portfolio from stocks to lower-priced bonds +* Returns, returns, returns. As we're in an inflationary environment, investors gotta make higher returns to make an actual positive real return + +Hopefully, if you did not see the connection before, you can now - when it comes to wider macroeconomic talk on our sub and its connection to GME poppin' off. + +# Public Relations + +There are tonnes of us here who’ve realized that JPOW does not dare mention inflation is getting worse. There’s a reason for this, not some conspiracy theory, just pure logic, and human behavior. + +Imagine I’m JPOW, I go on TV and tell you inflation is about to fucking explode (or it already has 😉). What do you do next? + +You start thinking, huh, my money is about to be worthless and savings rates are shithouse - I may as well spend my money whenever I get it \*buys 3 new Nintendo switches\*. + +This basically triggers a psychological domino effect that becomes self-fulfilling. JPOW triggers mass spending, the demand causes prices to rise, inflation punches its arm through the fucking wall - inflation has now become an overriding concern in consumers. This is called Demand-Pull Inflation. + +Generally, short-term bursts are not a concern, but if it persists, which it likely will in this scenario (IMO), it spreads itself across the economy and raises costs for other goods due to the dollar being worth less than it was yesterday. + +Through this example, hopefully, you can see why JPOW tippy-toes around the word inflation so much. + +&#x200B; + +[I actually made a meme](https://preview.redd.it/vqzckt8j2ch71.png?width=650&format=png&auto=webp&s=1852ef6b5e0cea0efeaa84f1bdb061a3e463ded2) +At the beginning of the year I lent my friend quite a sizable figure of £xxx. We agreed it would be paid back after a couple of months. +The reason for the loan was because he was having cashflow problems. So, me being my good self thought this was a generous & kind thing to do, and would help him out.... + +Well it's now fast approaching the end of October and he's still not paid me back. I've asked 6 times all in all for him to kindly reimburse me which started after 2 months of the initial lending date. + +The frustrating thing is he has been flush with cash for months, and this is apparent as he's taken numerous family holidays, purchased a new car, now has a gardener and cleaner, even a new gaming laptop! + +My question is- what is the best way of getting this loaned money back? +57% of tech executives responding to CNBC’s Technology Executive Council survey said finding qualified employees is the biggest concern for their company right now. + +Qualified tech employees is the biggest concern for the companies right now. I do experience the same at work - there is not good people at all. + +Do you think that would cause any growth concerns for the tech industry? If yes - who's going to sufferer the most. Do you account for that in your investment portfolio? +I'll start, my financial tip is to have a credit card at all times. It helps with: + +* maximising offset account +* earn qff points - credit card churn to maximise this +* various rewards and complimentary travel insurance + +I'd like to mention that I see myself as financially responsible and spend within my means. This is why I understand a credit card isn't for everyone but would like to highlight the benefits +https://www.bloomberg.com/news/articles/2020-10-22/paypal-said-to-be-in-talks-to-buy-crypto-firms-including-bitgo + +PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc., according to people familiar with the matter, a move that would expand its embrace of digital coins. + +PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the people said, asking not to be identified because the matter is private. Talks could still fall apart and PayPal could opt to buy other targets, the people added. + +It couldn’t be learned how much PayPal would pay for BitGo if it goes ahead with the deal. BitGo raised $58.5 million in 2018 at a $170 million valuation, according to PitchBook. + +Representatives for BitGo and PayPal declined to comment. + +Palo Alto, California-based BitGo was founded in 2013 by Chief Executive Officer Mike Belshe. It offers digital wallets that require multiple signatures for transactions, as well as offline vaults for storing Bitcoin and rival currencies. It was one of the first companies in the space to focus on institutional investors, according to its website. + +The company applied in August to New York regulators to become an independent, regulated qualified custodian under New York State Banking Law, a press release showed. Custodians like BitCoin are responsible for safekeeping digital assets using secure storage. + +PayPal announced on Wednesday that its customers can buy, sell and hold cryptocurrencies including Bitcoin, Ether, Bitcoin Cash and Litecoin from digital wallets, as well as use the virtual money to shop at the 26 million merchants on its network. The announcement led Bitcoin to surge past $13,000 for the first time since July 2019. + +PayPal said it would partner with BitGo competitor Paxos Trust Company, a regulated provider of cryptocurrency products and services for its new service. + +BitGo is backed by investors including Goldman Sachs Group Inc., Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, Valor Equity Partners and Founders Fund. +EDIT 2: I've decided not to call him and just register on the day, see how I go... + +EDIT: To give some more insight, this property is VERY popular. REA told me he doesn't want to register non competitive buyers as there are many competitive buyers therefore I need to give him a range? + +&#x200B; + +ORIGINAL POST: + +Interested in a property, just received this email from the REA stating I need to give him a call to discuss my budget and price I am thinking of bidding. IF I don’t't provide him with my budget / range he is saying I can't register to bid? Wtf??? Why do I need to call him and disclose my budget lol... need to call him soon to register. Any advice on how I can navigate my way through his invasive questions if he does? + +&#x200B; + +&#x200B; +Apple announced a stock buyback of 90billion dollars. +Increased dividend by 5%. +Had positive earnings. + +First the stock went from 163$ to 170$. Then just dropped off the sky, to 153$. + + + + +[apple earnings](https://preview.redd.it/4dfh4lpzgcw81.png?width=532&format=png&auto=webp&s=eca18468aba1ebe698617d1dde5f284c4bf2adc4) + +That kinda smells like heavy manipulation. + +But lets take a look at Amazon: + +&#x200B; + +[amazon earnings](https://preview.redd.it/almgwe7ahcw81.png?width=520&format=png&auto=webp&s=3e36bfa882487632c2d3706e3f21cbf794caa522) + +For amazon, they missed earnings, but heck a 10% drop? But thats not even the problem. Look at these two wicks. Thats some shady shit right there. + +&#x200B; + +&#x200B; + +[tesla](https://preview.redd.it/fply6zsdkcw81.png?width=933&format=png&auto=webp&s=3ddc6b312007ec46ca76e008363c25ebccf284bc) + +Tesla had literally no bad news to announce to justify this price action. It also dropped heavily today in after hours. + +&#x200B; + +[Netflix](https://preview.redd.it/9lava30ukcw81.png?width=1136&format=png&auto=webp&s=b65532251e5d3c7545a9391cd662ae996a31422c) + +I dont wanna talk about this one lol. + +&#x200B; + +[google](https://preview.redd.it/g4oaqeiglcw81.png?width=982&format=png&auto=webp&s=f3494eef5c45577928f49fe9ba8a6357a1d21665) + +&#x200B; + +[citadel portfolio](https://preview.redd.it/c9oi8xxpmcw81.png?width=1944&format=png&auto=webp&s=a44fd6603c0739ddc432d1e1687b5e99618f6b63) + +All these stocks that massively dropped recently are owned by citadel. +This really looks... shit for them? +Arent they using some stocks as collateral? For example TESLA? + +This really doesnt look good for the market. +Also criptoe took a shit these past weeks. + +Most of all, this doesnt look like a healthy or fair market to me. It is crazily manipulated and distorted. It is just screaming for a crash. Holy crap! +I wonder how much they can take our stock down in a marketcrash since the institutions hold a bunch of it. +Cramer is shilling for stocks on CNBC and Twatter like there is no tomorrow and he already has become a meme. + +I dont know why this man even has a platform or anything if he is consistanly wrong about his "TAs" and "predictions". + +Fed meeting is next week. and deutsche bank predicts a 5% interest increase or something which would drive us into a recession. +Yea, looks like hedgies r legit fuk. +>Numerology is the pseudoscientific belief in a divine or mystical relationship between a number and one or more coinciding events. It is also the study of the numerical value of the letters in words, names, and ideas. It is often associated with the paranormal, alongside astrology and similar to divinatory arts. + +https://en.wikipedia.org/wiki/Numerology + +--- + +My dearest apes, + +~~This is going to be a short post~~. I'm pretty sure I'm going to get downvoted to hell, but I don't care. If that happens I'll just keep quiet for a while. I want to finally speak up about this because this meme has been going on for too long and it's starting to hurt the credibility of this sub because too many people take this shit way too serious. I want to make you all aware of the 741 numerology problem we have been cultivating here. + +#741 doesn't mean shit +We have yet to find a reasonable explanation that doesn't require 741 to be read backwards, converted to military time, read backwards again, subtracted 4 from 7, add 1, count the number of days since January 28 or whatever, converted to poop emojis and then converted to a vague US penal code or some shit. It's ridiculous. Let's end it. Ryan Cohen didn't communicate a secret clue by coincidentally tweeting twice at 7:41 on the shitter. + +Let's be honest, we have some of the best DD here. This sub has been a powerful, unique, crowdsourced effort in uncovering massive fraud in the financial markets that was previously unknown to retail investors. Institutions, regulators, the media are all scared of the knowledge we've been building and opensourcing here. No other public forum for retail investors has such a deep understanding of the manipulation that is happening in our financial markets. We're also invested in a company that's transforming, doing new things, attracting the most talented people in the industry. GameStop is solid and is going to do great innovative things. + +We don't need any of this 741 stuff. There is absolutely nothing of substance here. There hasn't ever been a credible explanation for it whatsoever, let's face it. + +[WATCH THIS VIDEO](https://youtu.be/wxC5by-Vvko) + +Now to prove my point, please watch this video and tell me if you want this community to look like this. The people in the video seem to be obsessed with a similar number, did you hear what it is? I don't know where the coincidence in this is but I'm smarter than that, and I'm pretty sure most of you are too. + +People here have been so afraid of shills infiltrating the community. But honestly, if I was a shill I wouldn't even try to infiltrate the community itself. Too hard, too much effort, too much risk of being discovered. But I would try to isolate the community by making that community look like fringe nutjob conspiracy theorists to the rest of the world. I think that's what they've been trying to do and it seems to be working. A large part of reddit thinks we're fucking loons and in my opinion it's largely because this 741 talk is taking attention away from the real substance. + +Stop trying to solve vague "clues" or hints from tweets. Please. + +Let's keep this community honest, empirical and fact-based, please. I don't like how we have been blurring the lines between actual DD, memes, "fun" and straight up retarded numerology. I just like the stock. Sorry to be a party-pooper, I'm just a serious fucking person, ok? + +💎👐🚀 +There was a guy that posted a while ago at the beginning of this year that he sold 10 puts at a strike of 295 back when nvda was above 300 + +Since then nvda has crashed all the way down to $130, more than half value lost and possibly more downside ahead + +I wonder how he is feeling about that now, + +This is the result of “wheeling “ where your supposedly ok with owning stocks long term +&#x200B; + +https://preview.redd.it/k02mc5nalr871.png?width=1600&format=png&auto=webp&s=a3c5722239db16c51bdf2bbf7f02963b25e6536a + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/b0pvlzhclr871.png?width=680&format=png&auto=webp&s=06012c83ef71935dbc96b242514bc7533ef0b9eb + +Reverse repo's + +&#x200B; + +https://preview.redd.it/02x2wp5ilr871.png?width=685&format=png&auto=webp&s=61072dcfff6c9ff5fab9e1b60ad0a21cd967caa7 + +742 billion usd with 70 counterparties. + +&#x200B; + +[credit to u\/ChemicalFist ](https://preview.redd.it/dpfzd8n1qr871.png?width=1200&format=png&auto=webp&s=a30b00c91c2d1428b9baf6e1f2829ca2e680c576) + +# Gamestop changes logo + +It seems that GME changed it's logo from white and red to just white. + +u/Schborti even reached out to them and asked what it's about and got this reply + +https://preview.redd.it/dswfiln0mr871.png?width=1125&format=png&auto=webp&s=4b22a713c2c9f6f56be24155f546ea1a2f68f3e4 + +They even posted video proof that it was indeed from within the app and not just a photoshop. + +&#x200B; + +# Gamestop Form 3 filing + +[https://gamestop.gcs-web.com/node/19066/html](https://gamestop.gcs-web.com/node/19066/html) + +Matthew Furlong now officially the CEO. + +Letsgo! + +&#x200B; + +[credit to u\/apatisda ](https://preview.redd.it/1whn7o05qr871.png?width=700&format=png&auto=webp&s=35f13f644004c031cfe756297a3bd5ed7ba9d602) + +# Vlad the stock impaler is in trouble. + +In the past week Robinghood has become a hot topic once again, having disclosed they have settled for 70 million usd for misleading customers in the past few years, but wait there's more! + +[https://www.vice.com/en/article/wx5p8z/feds-seized-robinhood-ceos-phone-in-gamestop-trading-halt-investigation](https://www.vice.com/en/article/wx5p8z/feds-seized-robinhood-ceos-phone-in-gamestop-trading-halt-investigation) + +In its filing, Robinhood states that the fallout from these restrictions still have the potential to be disastrous for the company. “We have become aware of approximately 50 putative class actions … relating to the Early 2021 Trading Restrictions. The complaints generally allege breach of contract, breach of the implied covenant of good faith and fair dealing, negligence, breach of fiduciary duty and other common law claims. Several complaints further allege federal securities claims, federal and state antitrust claims and certain state consumer protection claims based on similar factual allegations,” the S-1 states. + +The best part: + +The company said that the incident was bad for the company and “resulted in negative media attention, customer dissatisfaction, litigation and regulatory and U.S. Congressional inquiries and investigations, capital raising by us in order to lift the trading restrictions while remaining in compliance with our net capital and deposit requirements and reputational harm. + +***We cannot assure that similar events will not occur in the future.”*** + +If this last statement is not a sign to get out of Robbing the Hood, I don't know what would. + +Seems that the The company also said it is under investigation by a series of regulators, state attorneys general, the SEC, and the U.S. Department of Justice in proceedings associated with the trading restrictions; the company said its CEO Vladimir Tenev has also had his cell phone seized by federal attorneys.  + +Seems like Vladdy boy may be in trouble, and now that so many agencies are involved would also be the reason we have not yet heard anything about it, this could be them gearing up to use RICO or something else, once a taskforce is set up or a multi agency operation you wont hear anything happen until it's over, as talking about their actions could jeopardize the investigation. + +And with their IPO documents more came out, like how Citadel owns 1/3rd of them. + +&#x200B; + +[source: Zerohedge](https://preview.redd.it/wjzw3pa0or871.png?width=1130&format=png&auto=webp&s=5a8c5d2a11de42a228df375bb3985f6a90e7cefa) + +&#x200B; + +https://preview.redd.it/mr5scykknr871.png?width=640&format=png&auto=webp&s=4fa6960aa0ec8b3b09720ee2d2e062add044fa2c + +# And Kenny to! + +[https://nypost.com/2021/06/30/bidens-big-business-crackdown-bad-for-wall-street-behemoths-sources/](https://nypost.com/2021/06/30/bidens-big-business-crackdown-bad-for-wall-street-behemoths-sources/) + +It seems that the US president wants to crack down on Kenny boy and others like him. + +Because it seems some banks have been doing some bad stuff over the past years + +&#x200B; + +https://preview.redd.it/9g100mk8or871.png?width=460&format=png&auto=webp&s=d762d032c6f4f3988dd3fb2f64ee353314fab1a2 + +&#x200B; + +https://preview.redd.it/mcbdojvdor871.png?width=458&format=png&auto=webp&s=0731564af50769c00da46426424c5bbb83e2fee2 + +[https://www.reddit.com/r/Superstonk/comments/obvp75/citi\_goldman\_other\_banks\_accused\_of\_cds\_antitrust/](https://www.reddit.com/r/Superstonk/comments/obvp75/citi_goldman_other_banks_accused_of_cds_antitrust/) + +But wait the main underwriters for Robinhoods IPO are Goldman, JP morgan, Barclays and Citigroup... those are all named on the antitrust lawsuits as well 🤔 hmm this is making my wrinkle crinkle + +&#x200B; + +[credit to u\/Christothetee ](https://preview.redd.it/ntktmyxbqr871.png?width=1188&format=png&auto=webp&s=34c0ed8793375ab12cc531a2016bf53d3c8c8b3c) + +# After hour spikes + +[https://www.reddit.com/r/Superstonk/comments/obwer9/can\_i\_get\_a\_wrinkled\_brain\_spike\_across\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/obwer9/can_i_get_a_wrinkled_brain_spike_across_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +GME spiked up heavily at around 4:40, but it seems others spiked down at the same time... seems funny + +&#x200B; + +Now seeing it's friday and Monday the Nasdaq will be closed have a nice long weekend everyone!Enjoy the shit out of all your hobbies and things you like to do, see you all on tuesday! + +https://preview.redd.it/8dbslrifqr871.png?width=554&format=png&auto=webp&s=1324cccfa4392718a4e62b09f2241aa51c882be6 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +https://preview.redd.it/tv148lciqr871.png?width=400&format=png&auto=webp&s=236473d34796130e19e119eee2deb51ff0930e35 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit 1: + +&#x200B; + +[https://www.youtube.com/channel/UCKrIi5L8o5JFdjR1UlwLidg](https://www.youtube.com/channel/UCKrIi5L8o5JFdjR1UlwLidg) + +This is a live stream of $GME on Bookmap trading application that measures liquidity in the market. The green triangles (Calls) and red triangles (Puts) are live options trades with the contract size in the center. The bottom line indicator in green (HIRO Cumulative) is an accumulation of those options as a hedging pressure. An upward trend on the green line when it crosses the red is a (Bullish) signal as HFs have to short stock, buy futures, or use options to hedge the line to flatten out representing delta neutral. The green and red lines are live buy's and sells coming in between the candle sticks which allow us to see double bottoms or topping patterns. ​Lastly, you can see order book flow on the right when strong buying is coming in and volume at the top right and bottom of each candle. +Disclaimer: "maybe we are all living in a simulation." -FCM + +I wasn't going to post this but then I noticed something come up today and thought to myself well shit, maybe it would have been less tinfoil-ish had I posted this the other day. So yeah, if you don't like speculation combined with possible DD then just skip this. + +The post I am referring to is about the SAW game that just released on nft.gamestop.com + +To give you some context, last week I started digging into BuyBuyBuyYes (still cant say cause auto-censorship), in which I made a comment then someone screenshotted it, and it found its way to the frontpage of the internet. Later in that same thread, I made this comment: [https://www.reddit.com/r/Superstonk/comments/y5c3ax/comment/isktiuo/](https://www.reddit.com/r/Superstonk/comments/y5c3ax/comment/isktiuo/) + +If you noticed, someone awarded me 10x platinum which to me sounded like: "yo, diamond fingers this lead and hodl." + +The day after my comment, RC tweets a photo of him and Icahn. Okay, maybe just dumb money luck or so I thought. + +Well, I kept digging cuz diamond fingers. + +Shortly after, Gamestop NFT releases a collector's pin and in it secrets.txt is discovered, but if you look back at the other Easter egg and hidden file (yes, there was another) then you'll find there were clues about BuyBuyBuyYes already in there, as posted by u/Real_Eyezz: + +&#x200B; + +[Oh look clues from 11 months ago, when did that sub get started? Jan 2021. Makes sense cause they began segregation & censorship around discussion of BuyBuyBuyYes ](https://preview.redd.it/cyf1ddmudwv91.jpg?width=1118&format=pjpg&auto=webp&s=0c4f4e2d888f0aa594559bc456c845e675ec6e34) + +Alright now that you have some background info, I am going to layout what I believe has been a series of Cohencidences and is building up a crescendo that will undoubtedly unfold in epic *fashion and fireworks.* + +Let's start from the beginning. + +# The Activist Investors + +Do you remember the sneeze of Jan 2021? Yeah, it was 84 years ago for some. Here let me just draw your attention to this by NBA Dallas Maverick owner and Shark Tank's Mark Cuban who as many know has been in favor of apes (even if he does not publicly declare himself an activist investor). This is what he said over a year ago, u/mcuban: + +&#x200B; + +[Mark Cuban was very vocal and active in the community early 2021 \(u lurking bro?\)](https://preview.redd.it/p9hm7vixhwv91.jpg?width=804&format=pjpg&auto=webp&s=53a3685e562a1d2de875e0cc8317f0be0c1335ff) + +DO THE WORK. + +POWER IN NUMBERS. + +Where have I heard that before? Probably cohencidence. + +Fact is, Mark Cuban was one of the first to come on here and help make sense of the fiasco that happened in 2021 when nobody else gave two shits about retail traders and how we all got rug pulled when they illegally removed the buy button which still to my knowledge today: NOBODY HAS GONE TO PRISON. + +Moving forward, what's the connection? You'll see. + +# Enter the O.G. Ape aka MSM-dubbed "Corporate Raider" + +Carl Icahn was recently tweeted in a [photo side-by-side with Ryan Cohen](https://twitter.com/ryancohen/status/1582212373985005569?s=20&t=6lhaaDczxYR8PLSEA3letQ) and this leads me to believe that they started working together or has been, although I like to think the later. But before I jump ahead, I want to share with you some background info about Carl Icahn: + +* Dubbed corporate raider by corporate mainstream media, but really is an activist investor since mid 1970s and known for creating the "Icahn Lift," where stock value rises when he moves-in on a company usually by proxy fighting board members to clean house +* Since 1992, funded the construction of Icahn House, a 65-unit complex for homeless families in the Bronx, New York called [Children's Rescue Fund](https://childrensrescuefund.org/about-us/) +* Inspired by his daughter that works at Humane Society, he wrote a passionate letter to the board of McDonald's about making changes on who they do business with regarding how they handle the treatment of pregnant sows (female pigs) - [recall that RC tweet](https://twitter.com/ryancohen/status/1509455614082273286?s=20&t=yg5ORpST9GbikuxeI6ub3w): "Children and animals must be protected at all costs" +* Icahn has a track record of success and here's what he said in a [letter to shareholders of his company](https://carlicahn.com/statement-to-shareholders-of-mcdonalds-and-kroger/) on June 6, 2022: + +"My activist engagements have generally produced exceptional results. To elaborate, our activist activities have created close to **$1 Trillion in value for all shareholders** in the aggregate who’ve held or purchased stock when we did and sold stock when we did. **I believe our record unquestionably proves that holding CEOs and boards accountable to shareholders manifests great results.**" + +This man fucks wallstreet, diamond nuts achievement unlocked. + +And $1 TRILLION dollars produced for shareholders? Diamond hands, OG ape right here. + +I cahn see why Ryan Cohen likes this guy, I like him too. + +Okay, now to explore a side-quest. + +# The Mondelez Spin-Off + +I will summarize this section and come back to it later as it relates to that other company RC recently bought in and still has his hand-picked board members and executive team operating. + +What is Mondelez? A snack company that did a [spin-off](https://www.investopedia.com/terms/s/spinoff.asp), where a company sells off a subsidiary company, is a tax-free write off to parent company, and awards free shares to shareholders of parent company. The deal involved Kraft Heinz, parent company, which spun off Mondelez to focus on the *International market* (credit u/Real_Eyezz) but more importantly the deal involved Yang Xu, global treasurer and an executive committee at Kraft Heinz, and also on the **board of Gamestop since June 2021** (credit [u/iamhighnlow](https://www.reddit.com/u/iamhighnlow/)). + +Talking about spin-offs, kinda reminds me of that [letter RC sent to a certain board](https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/ex991to13d13351002_03072022.htm) suggesting to spin-off and sell its subsidiary BuyBuyBABY company. + +I wonder where he got that idea? We'll find out soon. + +&#x200B; + +[Mondelez spin-off and Yang Xu, Gamestop board member](https://preview.redd.it/u7zeo3ak8xv91.jpg?width=1784&format=pjpg&auto=webp&s=25844d8a45a76444c17016aa577dc61aec8d9dd0) + +Now back to the main storyline. + +# Activist Investors That Go Way Back + +In 2008, Carl Icahn and Mark Cuban joined forces to proxy battle and remove board members from Yahoo! Inc as detailed [here](https://www.cnet.com/culture/icahn-loads-yahoo-proxy-slate-with-mark-cuban-other-biggies/). Icahn wanted to clean house and remove all 10 board members but was only able to replace a few, needless to say, he made significant changes. + +(Cleaning house? Reminds me of original Gamestop board and BuyBuyBuyYes board activist takeover) + +Again, in 2010, Cuban and Icahn began a [hostile takeover of Lionsgate film studios](https://deadline.com/2010/06/marc-cuban-threatening-to-back-icahn-in-hostile-lionsgate-takeover-46224/) (the company that just released **SAW game** on Gamestop NFT marketplace). Things got heated during negotiations and Mark Cuban unsatisfied with how things were going agreed to **Tender offer,** or sell his 5.3% stake of shares to Icahn already with 19% stake and with additional shareholders, eventually bringing it to 33.2% outstanding shares. What's interesting about the Tendie offer, is that it was presented by **Perella Weinberg Partners** (more about them later), a law firm which specializes in Mergers & Acquisitions, according to this [press release by Lionsgate](https://investors.lionsgate.com/news-and-events/press-releases/2010/21-04-2010-232859767) on April 20, 2010. + +Lionsgate was struggling with debt (perhaps someone stepped on shit, ew...) and wanted to merge with MGM studios, a rival company, but Icahn said NO - bad deal and it didn't happen. 3 years later, Icahn exited Lionsgate, broke-even on cost-basis, and perhaps getting involved was a good thing because the studio is still standing and about to get filthy rich partnering with my favorite company. + +And it seems to be working out with one of [Lionsgate's intellectual property](https://investors.lionsgate.com/news-and-events/press-releases/2010/19-04-2010-232900048): KICK-ASS' John Romita is already on [Gamestop NFT marketplace](https://twitter.com/GameStop/status/1569402971724595202) and I'm sure more like him will join soon (or already have). + +Back to Mark Cuban: someone who is [very familiar with blockchain technology](https://www.cnbc.com/2022/01/19/billionaire-mark-cuban-on-why-nfts-led-him-to-be-a-crypto-evangelist.html) and digital assets like NFTs (he's been minting since 2021). He understands what the real value of NFTs (non-fungible tokens) as a digital asset can be and has been running experimental tests by combining NFTs with Dallas Maverick's NBA tickets. He even owns an [NFT company](https://markcubancompanies.com/companies/nft-genius/). + +Moreover, I believe Carl Icahn has come to a similar conclusion. When asked about the crypt0currency space, Icahn admitted he might invest heavily into digital assets. On May 27, 2021, Icahn said the following on Bloomberg about digital assets and meme stonks: + +>"I mean, a big way for us would be, you know, **$1 billion, $1.5 billion**," he said in an interview, adding, "I'm not going to say exactly." +> +>\[...\] +> +>"I don't think Reddit and Robinhood and those guys are necessarily bad, I think they do serve a purpose," he said. +> +>Link - [https://markets.businessinsider.com/currencies/news/carl-icahn-cryptocurrency-investment-1-billion-digital-assets-bitcoin-skeptic-2021-5-1030470155?op=1](https://markets.businessinsider.com/currencies/news/carl-icahn-cryptocurrency-investment-1-billion-digital-assets-bitcoin-skeptic-2021-5-1030470155?op=1) + +Let me get this straight, Carl Icahn knows about Reddit, Robinhood, and the value of digital assets then goes as far as to say he is willing to invest up to $1.5 Billion? + +My MGGA, BULLISH! + +&#x200B; + +[MGGA = Make Gamestop Great Again, or Microsoft, Gamestop, Google, Apple aka the FAANG of Metaverse \/ Web 3.0](https://preview.redd.it/6sekkz8my2w91.png?width=668&format=png&auto=webp&s=319fb8b0915a4be91f7bea17e75576f8c8d83628) + +Let's keep going. + +# Prelude to MOASS + +On October 16, 2016, [Icahn coined the term MOASS](https://www.reddit.com/r/Superstonk/comments/y6wp1g/no_way_you_seriously_telling_me_rc_posts_a_selfie/), 6 years ago, as of 10/17/22. He [squeezed Bill Ackman's shorts for $1 Billion](https://www.reddit.com/r/Superstonk/comments/y6xzd4/carl_icahn_vs_bill_ackman_short_squeeze_the/) by locking up 26% of Herbalife by **direct registering the shares** in his name and not allowing shares to be loaned out (kind of like DRS with Computershare). + +Six years ago last week, "Mother of All Short Squeezes" - MOASS was coined and on that same day RC tweeted a [photo of him and Carl Icahn](https://twitter.com/ryancohen/status/1582212373985005569?s=20&t=6lhaaDczxYR8PLSEA3letQ). + +Every diamond handed ape knows a squeeze is coming (short interest easily over 1,000% even if [FINRA confirmed 226%](https://i.redd.it/1vc7zl4yzgg61.jpg) *minimum*). It will be marvelous and Icahn loves a good squeeze, just Acksomebody. + +Cohencidentally, RC previously tweeted this on the same day as Carl Icahn's birthday - February 16: + +&#x200B; + +[Corporate Raider x Activist Investor](https://preview.redd.it/rfmojzzq0xv91.png?width=613&format=png&auto=webp&s=7b12bdb0b0f44c5121ea9f76ad176da1693f050e) + +# Enter The Whales Backing Gamestop + +For some time, many have wondered why has no whale come to save the day? + +I believe they have already moved in, a long time ago. Perhaps through indirect channels by purchasing $GME with offshores, family offices, etc. or by supporting Gamestop through strategic alliances and partnerships. + +Now, I want to draw your attention to some confirmed whales. + +First, the #3 richest man in the world Bernard Arnault, CEO of LVHM - Moet Hennessey Louis Vuitton, the world’s largest luxury goods company. + +&#x200B; + +[From Investopedia](https://preview.redd.it/uzgcykqkbxv91.png?width=739&format=png&auto=webp&s=e0a9ff4b6c2d59d8cfb6b3186b4b892a7a50915f) + +LVHM is a direct partner with L Catterton. + +L Catterton directly funds Dragonfly, a company that buys ecommerce brands and grows them, which Ryan Cohen is a [member of the board](https://www.reddit.com/r/Superstonk/comments/wuvjpw/cohen_was_added_to_dragonfly_board_on_31422/). + +For those in the back, L Catterton is a well-funded **private equity conglomerate** spanning across multiple continents in North America, South America, Europe, and Asia -- **can you say GMERICA(S)?** + +Here, from the official website: + +>"In January of 2016, Catterton, the leading consumer-focused private equity firm, LVMH, the world leader in high-quality products, and Groupe Arnault, the family holding company of Bernard Arnault, partnered to create L Catterton. The partnership combined Catterton's existing North American and Latin American private equity operations with LVMH and Groupe Arnault's existing European and Asian private equity and real estate operations, resulting in the largest, diversified consumer-dedicated private equity firm in the world." +> +>Link - [https://www.lcatterton.com/lvmh-relationship.html](https://www.lcatterton.com/lvmh-relationship.html) + +Read that last part and let it sink in because to me, that sounds like a conglomerate whale and one that is whale-financed. + +And if that doesn't get your tits jacked, just recall one of Gamestop NFT creators: u/cybercrewnft teaser: [https://www.youtube.com/watch?v=R6B8KuSj1Ik](https://www.youtube.com/watch?v=R6B8KuSj1Ik) + +&#x200B; + +[Inside the METAVERSE with LVHM plus other major brands - oh look, Apple too \(credit u\/HealsOnWheals\)](https://preview.redd.it/w2g0uxksdxv91.jpg?width=758&format=pjpg&auto=webp&s=2e147939c3d2d7f0fb433856f0e7f9cd9328a7a4) + +# GMERICA: The Dream Team + +Now to wrap things up, BuyBuyBuyYes is at the center of this play. (insert always has been meme) + +Let's start with a tweet from the chairman: + +&#x200B; + +https://preview.redd.it/py7546tqixv91.png?width=604&format=png&auto=webp&s=8b6852c9818333d93cce0901ef3f87e9dcdea6c8 + +When asked about the investing style between Warren Buffet and Carl Icahn on **March 22, 2022**, Icahn states: + +>I think we’re to a certain extent in a different business with Warren. I’m an activist,” Icahn said. “I look for a company that’s, in my mind, way undervalued \[...\], and there’s something I can do about it. That’s what I enjoy doing. **That’s why I come to work every day**.” +> +>Link - [https://www.cnbc.com/2022/03/22/carl-icahn-on-how-his-investment-style-differs-from-warren-buffett.html](https://www.cnbc.com/2022/03/22/carl-icahn-on-how-his-investment-style-differs-from-warren-buffett.html) + +&#x200B; + +[Do the work \(Mark Cuban\), Come to work \(Icahn\), Born to work \(RC - March 31, 22\)](https://preview.redd.it/gkx6wwa1jxv91.png?width=625&format=png&auto=webp&s=a690f3ffe0d45abf792c0e6fa88271a24c969c25) + +Wow, work is so sexy. (Cohencidentally, [another RC tweet](https://twitter.com/ryancohen/status/1533719752568446976?s=20&t=RDnm_INiN6uIRzNXT2sdLA)) + +Now, let's tie it all together. + +Starting with Dragonfly, a privately-owned venture capitalist fund that buys ecommerce brands then places its members within the newly acquired company to scale and grow it. What's interesting about Dragonfly is that most of its [team members are ex-Wayfair employees](https://www.dragonflycommerce.com/team/) with deep expertise in home goods and retail furniture. (See where this is going?) + +Next, re-visiting L Catterton (a whale-financed company), they conducted a market survey and discovered a massive emerging market in China after ending its 2 child policy, which creates huge opportunity for maternity and children at tier 1 and tier 2 cities. (credit u/Movingday1 for Catterton study) + +&#x200B; + +[L Catterton study: https:\/\/www.lcatterton.com\/pdf\/2021-LC-Crisis\_or\_Opportunity.pdf](https://preview.redd.it/vpg0zul023w91.png?width=1191&format=png&auto=webp&s=357fecceb3e773a84e542a76c95ccc05601e5495) + +Furthermore, [Patty Wu](https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-appoints-retail-and-brand-veteran-patty-wu-as-general-manager-of-buybuy-baby-301201389.html) was hired to head the baby division at BuyBuyBuyYes and previously she was Chief Commercial Officer for Honest Company, a brand owned by L Catterton. + +Do you see the vested interest of L Catterton for da BABY? + +Do you see the vested interested of the #3 richest man in the world who owns LVHM in partnership with L Catterton? + +Are you starting to see how Dragonfly, the venture capitalist fund that Ryan Cohen is member of the board and has an interest too? + +(Almost there, promise) + +We know for a fact that Gamestop's stock price is being suppressed, and that swaps are involved to prevent this rocket from flying (u/criand [DD on TRS](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) or the [smooth brain edition](https://www.reddit.com/r/Superstonk/comments/pbzy78/ucriands_total_return_swaps_explained_for_smooth/)). + +On November 2, 2021, [BuyBuyBuyYes initiated a stock buyback](https://bedbathandbeyond.gcs-web.com/news-releases/news-release-details/bed-bath-beyond-inc-advances-1-billion-three-year-share) which caused its stock price to soar up to 91% after-hours and for No reason, on Zero news, AND after market-hours which most *retailers do not buy* \- Gamestop's stock price also soared. + +&#x200B; + +[Total Return Swaps: one goes up, then they all go up and vice-versa - kinda of like today](https://preview.redd.it/ov2ivxfv43w91.jpg?width=640&format=pjpg&auto=webp&s=ee2a4cd82aa2c9db87d0a38535fd8d7c43877a03) + +Now that you know the relation of the two stocks, then you probably have figured out what Ryan Cohen is really up to. + +"The last time people were excited to see me" - [picture of baby sonogram, tweeted RC.](https://twitter.com/ryancohen/status/1510818828695052289?s=20&t=BgdkUoEEQy9OW-hJPy3Z3w) + +# GMERICA: "Born to work" + +Let's go back one more time to Mondelez about the spin-off and about RC's letter to a board about a subsidiary BABY spin-off. Then top it off with RC Ventures LLC's placement for [3 new board members](https://www.nasdaq.com/articles/three-new-director-designees-from-rc-ventures-to-join-bed-bath-beyond-board) who specialize in Mergers & Acquisitions. + +Following that, BuyBuyBuyYes retains one of the world's elite law firm specializing in restructuring and M&A, [Kirkland & Ellis](https://thedeepdive.ca/bed-bath-beyond-reportedly-taps-kirkland-ellis-to-solve-the-highly-leveraged-balance-sheet/), to help prepare the accounting books and review the debt notes that has plagued the company and is oddly reminiscent of u/thabat's [cellar boxing DD](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/). + +Aaand fast-forward to today, it sets the stage, beginning with **Perella Weinberg Partners**. + +(Did you forget their involvement? Carl Icahn utilized them to make a TENDIE offer with Lionsgate) + +&#x200B; + +[Restructuring the debt notes to escape bankruptcy and ending the cellar boxing](https://preview.redd.it/f142r861b3w91.jpg?width=1003&format=pjpg&auto=webp&s=513fda6ca1bcd60cebf3ec844492262eae34dc22) + +With the debt notes restructured for BuyBuyBuyYes, it now makes the company attractive for a whale-financed buyer to swoop in, make a tendie offer (subject to shareholder's approval), and take over. I can guess one international conglomerate that might want da BABY plus the kitchen sink. + +How do I know there might be a tendie offer? It's explicitly stated multiple times on [BuyBuyBuyYes' S-4 form](https://bedbathandbeyond.gcs-web.com/node/16506/html#tx372118_11) (ctrl+F tender offer). + +At this point, I'd like for you to blink, think, and take a deep breath. + +You might be wondering if da BABY gets spun-off, where does GMERICA come into play? Great question because I don't know but I have some ideas. + +I mean, *GMERICA is* ***born*** *to work.* + +There are multiple M&A specialists on every side: board members inside that company, members outside that company, and members involved with Gamestop, Dragonfly, and partners. + +If there ever existed a super squad of GMERICAN M&A specialists then I think this would it. + +I believe Gamestop will transform into GMERICA and that Carl Icahn will invest into it for digital assets (possibly up to $1.5 Billion). Although it may not be Gamestop itself, but perhaps Gamestop NFT which if you think about is a crappy name, but GMERICA is a pretty awesome replacement. (perhaps RC thinking about a double spin-off for wombo combo) + +So why do I think this could happen? + +Another clue has appeared with the changing of permanent corporate addresses, which for the first time in its history, just happened: + +&#x200B; + +[BuyBuyBuyYes and Gamestop changed to CT Corporation System](https://preview.redd.it/l0fynfzld3w91.jpg?width=1748&format=pjpg&auto=webp&s=072fcfb2a4e1c63ee52159970fd6668eacc33355) + +What is [CT Corporation System](https://www.wolterskluwer.com/en/solutions/ct-corporation)? It's owned by [Wolters Kluwer](https://www.wolterskluwer.com/en/about-us) which provides registered agent services, has 185-year legacy and used by 70% of Fortune 500 companies. They are under an umbrella that has a multitude of services including assistance with legal compliance in mergers and acquisitions among other things. + +You could say things are getting pretty serious. + +So how will GMERICA debut? + +One guess might involve a [Reverse Morris Trust](https://www.investopedia.com/terms/r/reverse-morris-trust.asp) (RMT). This would involve a spin-off of a "subsidiary" not da BABY, but as I pointed out above. The shareholders of this spin-off, that means those who Directly Registered Shares (DRS) of the parent company ($GME) would receive FREE shares from the spin-off in the newly formed GMERICA company and it would be a tax-free event. + +Here from Investopedia about RMT: + +>The RMT starts with a parent company looking to sell assets to a **third-party company**. The parent company then creates a subsidiary, and that **subsidiary and the third-party company** **merge** **to create an unrelated company.** The unrelated company then issues shares to the original parent company's shareholders. If those shareholders control at least **50.1% of the voting right** and economic value in the unrelated company, the RMT is complete. The parent company has effectively transferred the assets, tax-free, to the third-party company. +> +>The key feature to preserve the tax-free status of a RMT is that after its formation ***stockholders of the original parent company own at least 50.1%*** **of the value and** **voting rights** **of the combined or merged firm**. This makes the RMT only attractive for **third-party companies that are about the same size or smaller than the spun-off subsidiary.** + +Okay, so a third-party company like RC Ventures LLC (RCV)? + +With a subsidiary spun-off like Gamestop NFT? + +Then RCV and Gamestop NFT merging to create an unrelated (new tech) company like GMERICA? + +And ownership of original parent company with at least 50.1% of value and voting rights by DRS hodlers? + +Lastly, third-party company like RCV that is same size or smaller than spun-off company? I mean he did sell all his BuyBuyBuyYes shares so no conflict of interest there. + +Kinda sounds like RC Ventures could become GMERICA. + +And then there's that tweet RC posted [about a tombstone](https://twitter.com/ryancohen/status/1398454505314959361), "RYAN COHEN RIP DUMBASS." + +# Conclusion - GMERICA: The GameStop + +Larry Cheng, a board member of Gamestop, once tweeted: + +>It feels like we are headed to two different financial markets - the traditional one where institutional support is the driver and a decentralized one where community support is the driver. When these **two worlds meet in the same asset**, there will be fireworks. +> +>Link - [https://twitter.com/larryvc/status/1463670492800421897](https://twitter.com/larryvc/status/1463670492800421897) + +Then I was reminded of this [Direct Public Offering (DPO)](https://www.reddit.com/r/Superstonk/comments/tszhia/gamestop_is_planning_on_dpoing_gmee_onto/), which is entirely possible with Gamestop's [partnership with FTX](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-forms-partnership-ftx) for tokenized-stocks. + +GMERICA goes public with DPO via FTX? Wow, that would be a lotta assets and fireworks. + +*Digital assets are so hot right now.* + +Anyways, I look forward to how this ultimately plays out and I need to rest, "its brain consuming" is an understatement. + +This is a once in a lifetime opportunity. + +Only a matter of time to see how it all *works*. + +Buy, DRS, HODL. MOASS IS TOMORROW. + +\-Diamond fingers out + +&#x200B; + +Edit: if you like tendies and offers, check out the DD put together by u/BiggySmallzzz and for more NFT clues see the work by u/Real_Eyezz +[https://www.bloomberg.com/opinion/articles/2020-10-31/personal-finance-what-if-stocks-don-t-always-go-up-advice-for-young-investors](https://www.bloomberg.com/opinion/articles/2020-10-31/personal-finance-what-if-stocks-don-t-always-go-up-advice-for-young-investors) + +This article is definitely concerning and brings up some good points. I don’t know that you can bet on tripling your investment, but I feel safe assuming that it’ll grow considerably given that many people’s current cost basis is based on the fire sale that the COVID recession brought at the beginning. And really the market is doing so bad right now because COVID cases are rising because it’s winter, but once it starts to heat up and COVID cases aren’t spiking the way they currently are I’m sure the market will regain some territory - or at least not be pinned down the way it currently is. And it seems like his assessment was generally a response to the conventional advice that you can guarantee returns by investing in an index fund that follows the S&P 500 or investing in the big tech companies (and there is definitely a concern that they could be harmed by anti-trust suits). But I think it depends on what you’re investing in. + +Like if you’re in airlines they’re directly affected, probably more than any other industry, by COVID restrictions. Their earnings have been shit because of it and once people aren’t afraid to travel I just don’t see how their earnings and then share value don’t go up. If you wanted to hedge against the sort of losses he talks about I would probably sell once they start announcing vaccines coming out because I’d be surprised if the market didn’t drive prices up with their optimism that that means everything is going back to normal. On top of that, when he says that the market in 2012 still wasn’t above its 2000 peak it’s a bit disingenuous because when you look at the S&P over the past 20 years he’s right, but 2000 was a peak (at about 1491), then after a dip, the market went to a high of about 1535 in 2007, then the market crashed in 08 and started recovering and he just picked an arbitrary point in that recovery that proved his point but which became irrelevant the very next year, in 2013, when the market DID exceed 2000 levels and then boomed over the next 7 years to more than double what it was in 2000 or 2006. + +Regarding what he said about big tech companies, yeah I would probably stay out of tech. Those companies already have such a high share price that I’ve always been skeptical of jumping in anyway. He also says globalization is in retreat, and I think that’s a bit of a hasty conclusion. I think we’re definitely at a crossroads where we’re trying to determine if we’re going to dive headfirst into a more globalist orientation or retreat and be more isolationist, but I’m skeptical that in the longer term we aren’t going to be more globalist in orientation. But I do think we’re in for a bit of identity seeking as it pertains to whether we’re going to be more globalist or isolationist, because if you recall TPP had pretty steep opposition on both sides of the aisle - but not so much that Obama wasn’t willing to pursue it. And I think the luster of isolationism has probably been tarnished a bit by Trump. Though globalism is really one of those things, just like anti-racism and shit like that, where this election seems to sort of serve as a referendum on it. + +Trump is certainly not a fan of globalism, but Biden seems at least more globally oriented and has at least in some cases shown an inclination towards reviving Obama-era policies that Trump dismantled because Biden was part of the Obama era so his legacy is sorta tied up in that as well, and one of those policies was TPP. As far as workers demanding a fairer split of capitalism, that’s fair. I do anticipate things like wage hikes, but that could also result in people spending more because they have more (i.e. Keynesianism). I also think it’s a fair point about the aging demographics thing. It makes sense that boomers would want to divest themselves of riskier stocks and people just haven’t been having kids as much as they used to, so the working-age population is surely going to feel that bite at some point (though I’m not sure when). However, the US has long been an exception to the rule of shitty population growth rates in the west. In general, we don’t have a ton of kids, but where we have historically differed is that we attract a lot of immigrants so our population grows that way - and Biden has already stated that he’s going to be reversing some of Trump’s immigration policies. + +&#x200B; +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! + +**The Mello Casino is launching on Oct 8th, 2021 and the immersive VR version in 2022!** + +Mello isn’t just a BSC casino. 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The fast and inexpensive transactions of BSC make the Mello Token perfect for integration into our future Virtual Reality App. + +A 3% redistribution fee is placed on all transfers, purchases, and sales of Mello (outside of exchanges) which is rewarded to all Holders of the token. Put simply, all holders of Mello earn interest on a constant basis. Given the current volume I've calculated this to be around 15% APR, but will get way higher once the app launches on October 8th! + +**In addition, token holders with 100k+ or 1M+ tokens will receive monthly airdrops consisting on 5% and 7% of the app earnings, respectively.** + +It’s a truly innovative project with a use-case. The devs have done multiple live demos of the app. It's ready for the official launch! Token holders have some really exciting weeks ahead! 📈 + +**🟨 MELLONOMICS ** +Binance Smart Chain +Redistribuitive (3% tx fee is distributed among holders) +Liquidity Locked for 1 year +Supply max of 394 Million +Listed on CoinMarketCap, CoinGecko +Can be bought on PancakeSwap and the Whitebit exchange + +**🟨 FEATURES ** +BRIGHT FUTURE - Team is determined to reach goals quickly +DOXXED TEAM - All team has been doxxed on twitch +TRANSPARENCY - Verified and open source contract +REAL VALUE - The App is launching OCT 8 + + +**🟨 SOCIAL MEDIA LINKS** +🗳 TG : https://t.me/mellotoken +💻 Website : http://mellotoken.com +It's rare to see a Fed official, even a former one, be this explicit about the wealth effect going the other direction. The Fed relied on the wealth effect to boost the economy when stocks were on the way up. (Bernanke famously said so in 2010). Now Dudley says the Fed wants equities lower to slow inflation. + +https://www.youtube.com/watch?v=Fiiib9oqTB0 + +Edit: Fed minutes came out at 2pm EDT. Consensus interpretation seems to be dovish. $95B cap on QT phased in over three months. +I started trading stocks last year when corona happened just like other people did. I'm a university student who got laid off due to the pandemic and have yet to find a job since. When meme stocks blew up (BB, AMC, NOK, and GME or BANG) I jumped on the bandwagon thinking it's a fast way to make gains overnight instead of waiting for a company to grow organically. I spent 80% of what I have to my name and bought out shares of BANG, unfortunately, I have now lost 75% of my initial investment. Really expensive lesson but now I've learned and will grow from this and come back stronger. Luckily, I made a deal with my mom when I started university so I don't have any bills to pay other than phone bill, gym membership, netflix, spotify etc. Just the basic stuff so I can still live off of what I left myself with for at least a few months. I'm also in the last semester for a Computer Information System degree so I'm hoping that I can get a job and get back what I lost. I will be holding my meme stocks until I die as a reminder of my very expensive mistake. If they go up great, if not it's no big deal as I have come to finally accept that I lost. Just something I wanna get out of my chest to be at peace with myself. + +edit: Really thankful that you guys are really supportive. For everyone on this thread who also said they lost money on GME hopefully we all bounce back from this stronger than ever. +&#x200B; + +[quarterly net worth](https://preview.redd.it/30dvli897r1a1.png?width=1166&format=png&auto=webp&s=637abb14c282a74e201b9f6afd805f0b904e9a65) +\*Obligatory, None of this information is financial advice. I am simply showing connections I have found from publicly available information. + +In [Part I](https://www.reddit.com/r/Superstonk/comments/tj8fvc/my_broker_trust_issues_drs_is_the_way_some/), we reviewed Fidelity funds loaning out a substantial amount of GME shares. Shares are typically loaned so they can ultimately be sold short. + +Part II shows that since the Jan. ’21 sneeze, Fidelity has directly hired on 7 BCG employees. Some of whom are holding pretty high-up positions with Fidelity. Here’s the list ([LinkedIn](https://www.linkedin.com/) is the source): + +# Direct Hires from BCG Post-Sneeze + +* James Brennan, Vice President at Fidelity Investments + * **Hired: July 2021** + * Formerly: BCG Partner (July 2021), Principal (8/2019 – 6/2021), Project Leader (8/17 – 8/19), Consultant (8/15 – 7/17) + +&#x200B; + +* Molly Cunningham, Head of HR, Personal Investing at Fidelity Investments + * **Hired: February 2021** + * Formerly: BCG Managing Director & Partner (1/19 – 2/2021), Principal (7/14 – 12/18), Project Leader (10/12 – 6/14) + +&#x200B; + +* Priyanka Mehrotra, Vice President at Fidelity Investments + * **Hired: March 2022** + * Formerly: BCG Principal (8/16 – 3/22) + +&#x200B; + +* David Nazareth, Competitive Intelligence at Fidelity Investments + * **Hired: October 2021** + * Formerly: BCG Research Lead (9/19 – 10/21), Senior Research Analyst (6/13 – 9/19), Senior Knowledge Analyst (5/11 – 5/13) + +&#x200B; + +* Benjamin French Cobb, Vice President Social Media at Fidelity Investments + * **Hired: September 2021** + * Formerly: BCG Head of Social Media (1/21 – 9/21), Head of Global Social Media & Global Digital Marketing Senior Manager (7/17 – 12/20), Social Media Manager (8/14 – 6/17) + +&#x200B; + +* Jordan Groleau, Product Consultant at Fidelity Investments + * **Hired: August 2021** + * Formerly: BCG Product Analyst (1/19 – 7/21), Global Marketing Senior Coordinator (11/17 – 12/18), Global Marketing Coordinator (3/16 – 10/17) + +&#x200B; + +* Julia Burkett, Senior Director, Strategic Analysis & Insights + * **Hired: May 2022** + * Formerly: BCG Consultant (10/20 – 5/22) + +# Hired Prior to Sneeze (Not all Direct Hires) + +&#x200B; + +* Michael Snell, SVP, Head of Asset Management Strategy and Central Finance at Fidelity Investments + * **Hired: May 2016** + * Formerly: Principal (7/14 – 5/16), Project Leader (7/12 – 6/14), Consultant (7/10 – 6/12) + +&#x200B; + +* Mike Holtschlag, Head of Strategy & Business Development, Personal Investing at Fidelity Investments + * **Hired: July 2007** + * Formerly: BCG Principal (2001 – 2007) + +&#x200B; + +* Brian Kolle, Senior Vice President + * **Hired: October 2005** + * Formerly: BCG Consultant Intern (6/04 – 8/04) + +&#x200B; + +* Scott Levy, Director at Fidelity Investments + * **Hired: 2019** + * Formerly: BCG Consultant (2011 – 2013) + +&#x200B; + +* Che Yii, Sr. Director, Program Management at Fidelity Investments + * **Hired: March 2018** + * Formerly: BCG Sr Business System Consultant (2008 – 2012) + +&#x200B; + +* Cindy Reuter, Operations & Strategic Planning Director at Fidelity Investments + * **Hired: October 2011** + * Formerly: BCG Lead Financial Analyst (1/11 – 10/11) + +&#x200B; + +* Keith Bernhardt, Vice-President and College Products + * **Hired: August 2008** + * Formerly: BCG Management Consultant (2001 – 2003) + +&#x200B; + +* Lisa Welsh, Senior Executive at Fidelity Investments + * **Hired: April 2012** + * Formerly: BCG Executive Assistant (6/1982 – 1/07) + +&#x200B; + +* Allison Buttle, Board Program Analyst – Content Management at Fidelity Investments + * **Hired: October 2010** + * Formerly: BCG Executive Assistant (3/05 – 10/10) + +&#x200B; + +* David Lang, Senior Vice President Relationship Management + * **Hired: 2001** + * Formerly: BCG Financial Controls Manager (10/1995 – 5/01) + +&#x200B; + +* Nathan Strik, Energy Investment and ESG Insight and Thought Leadership + * **Hired: 2002** + * Formerly: BCG Management Consultant (1998 – 00) + +**This is most likely not a comprehensive list.** + +If BCG is comparable to 💩, what does that make Fidelity? Who has a lot of former BCG staff members as current employees, in some relatively high positions within the company, including 7 BCG direct hires since the sneeze. Trustworthy? + +Here's an educational link on GME's Transfer Agent, [Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +Tanks fo reedin + +&#x200B; + +Edit: Grammatical +I’ll preface with some personal info. I’m 21 years old and set to graduate college next year with a degree in Computer Information Technology with a track in Cybersecurity. I have about 10k left I have to pay in tuition, I still live with my family, and I have my car paid off. + +It’s been a pretty rough year for the stock market but I’ve been pretty meticulous and was actually doing really well, my account was up around 30% ($8000) until Monday. On Monday I decided I was going to play UPST’s earnings thinking they would beat estimates, I initially bought 250 shares right before close for a quick trade, but then it tanked almost 40% within minutes. A couple weeks ago I watched SNAP go from -20% right after earnings to +5% in a few minutes so I thought this would be a similar case, especially since UPST had actually beat Q1 earnings but just lowered its full year guidance by 12.5%. I didn’t think a 40% drop was rational and so I panic bought more trying to average down thinking it was oversold and that it would bounce back. It all happened so fast I didn’t even realize I how much margin I was utilizing. + +Well UPST continued tanking over 50% and within minutes my entire $34k account was gone. And to top it all off I got liquidated and now owe 7k in margin debt. I went from having 34k to -7k in one hour. One irresponsible and unlucky mistake instantly destroyed over 5 years of working and saving. + +I truly didn’t realize how good I had it until it was gone. I was set to graduate college debt free and with enough for a good down payment on a house, and now I have to pay 10k in tuition and another 7k in margin debt. I only have 1k in my bank and 3k in my 401k. I currently make $422 a week after tax working part time. + +Right after it happened I honestly didn’t want to live anymore. I called the suicide hotline to talk about it and get it off my chest, and I’ve scheduled a therapy appointment for Friday. It still doesn’t feel real losing that much money so fast and knowing there’s nothing I can do to get it back. I feel like I crippled my financial future, I can’t stop thinking about how many things I could’ve bought or done with that money. + +I try to look at it as “its only money”, and it’s nothing that I can’t eventually comeback from as I’m still pretty young. I’m trying to focus more on other aspects of my life that I am thankful for, such as a loving family, an amazing girlfriend, and a good group of friends. + +Though I can’t fathom telling anyone in my life about this, my parents and girlfriend would be incredibly disappointed in me, on top of how embarrassing it is. But they knew roughly how much money I had, and it’s a heavy burden to keep this from them and lead them to believe that I still have as much money as I did. + +Right now I plan on picking up a side job on Saturdays and working full time after this semester to help pay off my debts. I also plan on going to therapy regularly and get prescribed some medication which is something I should have started a long time ago. + +Hopefully this post can prevent people from making the same mistake I did. + +If anyone has a similar experience or advice on where to go from here I would very much appreciate it. + +Edit: thank you all so much for the encouraging comments, it means more than you realize! +Preface: A stag party, for those who dont know, is a pre wedding, all guys party for the groom before his wedding + +I've been chatting to people I havent seen in years, all walks of life. The topic of crypto has come up a few times and a few of them looked very nervous when bitcoin dropped below 20k. Several have bought houses in the last couple of years, at least one on a variable mortgage. He can see what might happen. + +For context, the UK economy is doing terribly: Brexit, skyhigh inflation (10%) and fuel prices, a brutal cost of living crisis and infighting among the scandal-heavy government (paralyzing any meaningful response) has all hit hard. + +I mentioned Gamsstop briefly as the best hedge and was scoffed at, one guy mocking that I was investing in a meme stock (proud xxx holder in CS). + +This will probably come across as a "trust me bro" story, and that's ok. I just really wish I was more convincing but trying to explain why GME is the only way over pints is difficult. + +The point is, regular Joe's here are feeling the hard times already, and the hard times have only just begun. It sucks. It really sucks. + +You guys rock though. Its impossible to put into words how this community has changed my life, and, by extension in the future, those around me near and far. Stay strong. + +Obligatory BUY HOLD DRS + +Edit: + +Holy shit this got far more attention than my hungover ass expected! Thanks for the awards! I didnt raise the subject much after though I explained to a few who asked about the potential ramifications of the crypto crash. Trying to explain how a share price can get unbelievably high is, well, unbelievable unless you've read the DD. Crypto and property bubbles is easier, especially since people buy homes, some have played around with crypto and things are generally more expensive. I do promise though that I will be awesome to others when this shit detonated. Peace to all +Hi all, I have used TurboTax in recent years to do my taxes, both the web and desktop versions. Yesterday I received an email from TurboTax that they caught someone trying to file my taxes, they gave me a number to call. The customer support confirmed that someone created a new TurboTax account and tried to file my return, they said it was caught early enough that no damage will be done. They told me I will have to file my federal return on paper, and fill out a IRS FORM 14039 - Identity Theft Affidavit. They didnt seem to share any more info or what the implications are. + +It doesnt make much sense why scammers would use TurboTax Online to file and not some more obscure platform but anyway, any suggestions on what else to look for or things I can do with the IRS ? + +I keep pretty close tabs on my credit report, so I dont think there are any other red flags. +*Sorry for the wall of text. TL:DR at the bottom, but I think it's worthwhile to read the whole thing if you have time.* + +The demographics of this sub skew in three particular ways: high income, male, and young. This should be no surprise to anyone here, and it is likely the direction Reddit as a whole skews as well. + +Nevertheless, the [/r/FI survey](https://fisurvey.herokuapp.com/) shows that average income is somewhere in the low 100k range, 3/4ths of the sub is male, and ~60% of the sub is under 30. The first gets talked about here fairly often. The second, while maybe interesting on some level, doesn’t really have much of an impact on a whole lot of FI strategy or advise. The last one though concerns me, as it seems to be rarely discussed and it has a big impact on many FI/RE issues. + +**1. How we view time:** + +We all have a discount factor. The younger you are, the farther away certain ages look to you, and the more you discount your own well being in those years. There was a popular thread the other day where the top comment (at least when I checked it) was someone expressing surprise that 50 was considered early retirement. That’s shaving **a third** off your career, and it’s not a trivial achievement at all. The ERE/MMM, super short timeline approach is very popular around here, but it’s not the only way to reach FI/RE. + +Sometimes it feels like this sub considers any FI date past your mid 30’s as a failure, and it shouldn’t be that way. I’m not saying any one person thinks that way. But take 240k individual opinions that don’t explicitly think that, filter them through a voting algorithm that filters popular comments to the top, and skew the demographics consistently in one particular direction, and it can still become the prevailing viewpoint. + +**2. The amount of consideration we give to certain major life events:** + +**Edit:** *I've rewritten this section as part of it seemed to be distracting the conversation from the actual point I'm attempting to make here.* + +Many major life changes don’t get as much attention as they should due to the demographics of the sub. Preferences and priorities can, and often do, change over time in a way that many who are early in their journey don't fully appreciate yet. Additionally, while many life events are unpredictable or unforeseen, age and exposure to these events tends to impart a better understanding of their frequency and risks. A community that skews young will inherently under represent the risks these events pose to the success of a long term plan. + +These topics include, but are not limited to, marriage & weddings, divorce, care of an elderly family member, birth of a child, disability, changes to employment markets, and health care costs. All of those are *huge* expenses, that can drastically alter someone’s FI plan, that receive relatively little discussion on this sub. + +**3. Experience:** + +Consider this: If 60% of the sub is under 30, and we assume the large majority of those are college educated and didn’t enter the workforce until at least 22, then upwards of half of this sub may have never experienced a recession while they're in the market. Let that sink in a little bit because it’s a *big* deal. It’s going to have a huge impact on how people perceive market risk. And it’s something that probably ought to be on your mind anytime you’re taking investment advice in here (and likely anywhere else on Reddit for that matter). + +Another place that inexperience shows is in people’s timelines. An FI/RE timeline is a bit of a Catch-22 in this community when it comes to how much respect and attention certain people get afforded. Ideally, we all want to be FI/RE as soon as possible. So the people who are more dedicated to increasing their SR and accelerating their FI/RE date are, quite often, looked up to as something to aspire to by other members of the community. The problem is that the higher the savings rate, the shorter the FI/RE timeline, and therefore the *less* experience the person probably has in actually pursuing FI/RE. + +There’s a *big* difference between someone who’s 25% FI with a 75% SR and someone who’s 25% FI with a 30% SR. The former has been living that lifestyle for under 2 years. The latter has been doing it for over a decade. Which one would you bet on being able to see their plan through for another 50-60 years? + +I know some people may take this the wrong way, so **let me be 100% clear about what I’m not saying here.** + +I’m **not** saying that it’s a problem we have a lot of young members. That’s a *good* thing. Practically everyone who’s been doing this for a while will tell you one of their biggest regrets is not starting earlier, and it’s great to see so many younger people interested in FI/RE. + +I’m **not** saying it’s a bad thing to pursue a fast-FI/RE approach. It’s a 100% viable route to FI/RE. And even for those who can’t maintain that kind of lifestyle long term, you’re still giving yourself a huge, early injection into your savings that will pay huge dividends down the road. + +I’m **not** saying there’s anything wrong with being inexperienced or new to all of this, or not having all of your major life events planned and plotted out years ahead of time. This is the same journey we all go through, and we’re all learning and changing along the way. + +**So what am I trying to say?** + +I’m saying that things that aren’t at all problems on an individual level can become issues when they get aggregated up to a sort of hivemind/groupthink level as so often happens when subs hit a certain critical mass. + +When you’re reading this sub, be very careful to keep in mind the demographics of this sub and how it can skew discussions, topics, and advice being doled out. + +**TL:DR The demographics of this sub skew overwhelmingly towards people in their 20's. This has a lot of ramifications for the collective wisdom around here regarding many FI issues. People should be careful to keep this in mind during a lot of the discussions that take place around here.** + +> The Budget is likely to propose four tax slabs in place of the existing three as suggested by the task force in its report submitted in August 2019. The Budget may propose a 10 per cent tax rate for individuals with annual income between Rs 2.5 lakh and Rs 10 lakh; 20 per cent tax for income between Rs 10 lakh and Rs 20 lakh; and 30 per cent tax for income between 20 lakh and Rs 2 crore. + +> If the government follows the recommendations of the task force, then a 35 per cent tax rate may be introduced for those who earn an annual income of more than Rs 2 crore. Full tax rebate for income up to Rs 5 lakh could be enhanced up to Rs 6.5 lakh. The above changes may cost more than Rs 30,000 crore. + +https://www.indiatoday.in/business/budget-2020/story/union-budget-2020-21-govt-likely-to-tweak-income-tax-slabs-1636859-2020-01-14 + +> While the flat rate of tax may be attractive to a certain category of taxpayers that want a higher share of their monthly earnings in hand, experts say the move could also dissuade people from increasing their contributions towards savings. India's household savings has dropped to 17.2% level in 2017-18 from 23.6% in 2011-12. Data for FY 19 is not available. Higher domestic savings is crucial to mobilise funds for investments in the economy. + +So that's ~ 0.1% of the fiscal deficit right there (not sure if calculations take into account increase in consumption)? + +Fair enough. + +This was the original article on the report - https://economictimes.indiatimes.com/news/economy/policy/income-tax-task-force-report-suggests-complete-rejig-of-tax-slabs/articleshow/71997663.cms + +They should definitely breach the fiscal deficit by a significant amount. Am talking 0.5-1% (it will already end up around 3.5-3.7% excluding off-budget calculations, which are a tad too tricky to calculate "what should count in the FD, what shouldn't" but estimates for that range from 4-4.5%, including off budget). Serious money needs to be pumped into the rural economy, PM-Kisan and MGNREGA especially, money in the hands of those with the greatest propensity to consume. Money needs to get in their hands big time. +GME will never happen again, it’s a once in a lifetime opportunity to reach the high score. + +Players are buying lives, chances, to hit the ultimate high score (profit porn) and gain immortality in the saga that is about to unfold. + +There are 3 achievements / high scores to be earnt from this game of chicken against the financial enterprises that are the enemy. Ranked in order from lowest to highest e-peen with 3 the ultimate high score. + +1. Total profit from accumulated sells (P2W - the more you buy the easier it is to achieve this, funnily enough in any game whales are your enemy, now we cheer them on!) + +2. Highest sell score (who manages to land the top and earn immortality???) + +3. Highest profit %. Those diamond handed mother fuckers that held those shares from eons ago, posting a 1,000,000,000% gain on a single sale. This is anyone, from x to xxxxx that have had the bollocks to hold that single buyin that is now single handily gonna fire them to the moon. + +I can see it now, new high score guy posting arcade screens of the new daily winner, all whilst the float is locked and people are selling their lives (shares) on brokers to achieve the ultimate post porn after it is all said and done. + +But then, out of the shadows, after the title screen has rolled, a secret achievement and high score is revealed. + +4. The crazy mother fucking bag holder award goes to the diamond balled, autistic retard that managed to buy at the top. This guy will be revered and praised as the ultimate high score champion cause this silly cunt (I’m British, it’s a compliment) kept buying all the way up to DRS it and keep the float locked and managed to earn the title “DeepFuckingBuyer”. + +The morale of the story is once this kicks off it’s going to be fun, it needs to stay fun and the aim of the game is to high score. + +Just don’t dance! +3 hour flight between 2 west coast cities. Round trip. 2 passenger, 2 pilots. ~$25k. First time, not sure if I need to tip and how much is customary. Appreciate anyone with experience/insight. +Stories like below remind us that just because you have insurance, doesn't mean you are covered: + +[https://www.npr.org/sections/health-shots/2020/01/29/800870904/a-41-212-surgery-bill-compounded-a-patients-appendicitis-pain](https://www.npr.org/sections/health-shots/2020/01/29/800870904/a-41-212-surgery-bill-compounded-a-patients-appendicitis-pain) + +Anytime you go to a doc office or a hospital, you sign an agreement that essentially says "whatever the insurance company doesn't pay, I will". At that point it doesn't matter whether your maximum out of pocket is 10k or whatever. The hospital can charge pretty much whatever the fck they want (the *chargemasters* are KNOWN to be fictional & unquestionable). If they charge 10x the Medicare rate and the insurance company tells them to take 2x or fuck off, then guess who is on the hook for the rest? In my state ONE organization has already bought up nearly all the hospitals. So much for competition, and they can now charge however they want. + +Regular retirement typically offers Medicare protections. Early retirement serves up this ever-present risk of being on the hook for a surprise medical bill that can ruin early retirement plans (not to mention the difficulty of getting back into work after such an event, both in terms of gap and medical needs). + +Am posting this to vent my frustration at this BS, but also to see if there are any tips to mitigate such risks. I understand that people generally don't care about this until this happens to them. +Obligatory throw-away account. + +Bottom line, my mom is financially unstable and I want to know what resources there are to begin to fix it. I know there is no overnight fix but I’m not sure where to begin. + +She has gotten herself tremendously into debt and relies completely on my step-dad financially. She has a great job actually making more than he does, but she relies on him for food and a roof over her head. Her bi-weekly paycheck may last at most a week. They have had marital issues for a while and if he leaves I have no idea what will happen to her or my teenage brother. Inevitably I will end up having to completely support her and I want to get help before it comes to that. He has told me they probably will end it once my brother graduates high school (less than 3 years). She has virtually no financial knowledge and is completely uninterested in becoming financially independent/stable to my knowledge. She also has not seen any repercussions as someone is always there to give her money when she can’t make rent, etc. + +I recently found out that my step-dad has only been putting minimal effort into keeping her accountable. He is (we think) aware of what loans/etc. she has and has provided her with a budget, but still keeps having to give her money beyond what he should. He states he has has no idea where the extra cash is going but admits to not following through to find out. She has filed bankruptcy twice and has taken out many payday loans. But I do not know yet the actual extent of how bad her situation is.... I’m under the impression that she is not being entirely honest with him. + +I have only very basic financial knowledge myself, so I want to have all the resources and knowledge I can before I confront her. I want to protect the future of myself and my own family. + +We are in the US if that matters. + +TLDR; Mom is severely in debt and financially dependent on step-dad. Most likely divorcing soon. Need to know what resources there are to help her become financially stable before she becomes completely dependent on me. + + + + +EDIT: Wow... I am struggling to find the right words. Reading as many comments/messages as I could during breaks at work, I’ve been fighting back tears of relief all day. + +I want to genuinely thank each and every one of you for taking the time to not only read this long depressing post, but offer your suggestions and support. This has been a dark cloud of anticipation over my head for quite some time (parents have been rocky for a while). I saw the future I’ve worked so hard to build for myself being slowly ripped away with every paycheck. I posted this expecting a couple responses with websites and types of financial advisors so I could do more research when I got home from work. But instead... this beauty. The idea that I would be hurting more than helping never crossed my mind, nor did the glaring fact that she doesn’t *want* to be helped. Why would she? She’s got the gig. But also the fact I was most blind to... that this is her problem and NOT mine. + +I plan to talk to my step-dad tomorrow. I know he believes he’s helping the family rather than enabling her. I’ll give him the insight and build him up like you guys built me up, but also let him do with that what he will. Because I’ve got my own stability to worry about!!!! They’re grown!! (See guys, I’m learning!) I promise to update if anything worthy posting comes of all of this. + +Just... thank you guys. You saved me from making a big mistake. +I've been deliberating over the past couple of months to transfer from my industry fund into one of these. I like the thought of it, but at the same time, I can't help but question if they're actually worth the higher rates or not. Are they just "trendy" or do you see some person gain to be had? +First the big 4 banks were all down simultaneously a week or two back, then over the weekend BankSA customers couldn’t use eftpos terminals, now today CBA users can’t access their funds at all. This is madness! +So what do you guys think? Will August 1st have any impact on ETH? +Will the price drop, as somehow all coins are connected to the development of BTC? +Will it rise due to the fact, that ETH has had a pretty positive media coverage in the last weeks?(supported by upcoming updates e.g. Metropolis, EEA, etc.) + + +I haven't been happy with my career for a number of years. I'm not sure if it is burnout, as I did enjoy it once upon a time but now every day of work requires literally every ounce of my energy. + +This last year alone since the start of this pandemic, I have lost my job three times. Twice due to pandemic reasons/company having to make redundancies, and the most recent purely because I'm not coping very well mentally lately. + +In one week I will start a new job and I am dreading it so much. It's not a career I really chose for myself. I kind of fell into it. My family was having massive financial difficulties back in 2008, so I dropped out of uni and got a job in the only field I had some experience in. It was never my "plan" to be in this field, it just kind of happened as I knew I could do it. +For years I've been thinking, I'd love to try something else, but due to having a family etc, I needed a stable salary coming in. + +I've been holding since January, and I'm looking forward to just being able to finally try something new and not worry about money for a while. + + +Also looking forward to finally being able to clear my own debts, and my parents and siblings debts and buying my wife, kids and parents something nice for once. +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. 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Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +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/EKU2tVBp9u) +"When the history of the modern financial era is written, there’s one comment that’s almost certain to merit inclusion: “Stocks only go up!” + +Sports-blogger turned day-trader Dave Portnoy’s pithy observation this summer was designed to both amuse and provoke. But if you’ve put money into U.S. stocks since the market bottomed out in 2009, the chances are you think Portnoy is basically correct. Plenty of professional asset managers would concur.  + +Perhaps the most important question for those considering investing savings today, when stocks are by some metrics among the most expensive they’ve ever been, is whether Portnoy’s philosophy is about to be turned on its head. In other words: “what if stocks don’t always go up?” + +There are reasons to think this fantastic period for the U.S. stock market might soon be followed by a prolonged hangover, possibly lasting a decade or more. Such a stretch of disappointing equity returns would have profound implications for millennials and generation Z. The standard advice around financial planning and retirement saving that’s worked so well lately — put your money in an index fund that tracks the market and forget about it — might no longer work so well. + +In the past decade, investors who bought an index fund that mirrors the S&P 500 Index and reinvested dividends have enjoyed a 13% average annual return, according to Bloomberg data. + +Even a deadly global pandemic that’s triggered a deep recession and widespread unemployment only briefly interrupted the ascendancy of U.S. stocks. The Federal Reserve rode to the rescue once more, and the S&P 500 hit fresh record highs (though lately investors have since grown cautious again). +Young investors may conclude that bumper returns are all but guaranteed in the years ahead. If only steadily rising stock prices were always the case. +Consider the FTSE 100, an index of some of Britain’s preeminent pharmaceutical, energy, mining and consumer goods companies. In price terms (ignoring the impact of reinvesting dividends for a second), the U.K. benchmark is lower now than it was two decades ago. It’s not alone. + +The Stoxx Europe 600 benchmark also remains beneath its dot-com-era peak while the MSCI emerging markets index topped out in 2007 and has yet to recover. The market that really refutes Portnoy’s assertion though is Japan: The Nikkei 225 index remains about 40% below its 1989 peak, when a massive financial bubble burst. + +"Stocks Only Go Up"? + +Following a financial bubble Japanese investors suffered years of poor returns + +Could the U.S. market face a similar fate? There’ve been bleak periods before, most famously in the two decades that followed the 1929 Wall Street crash. + +Long Hangover + +U.S. stocks took a long time to recover from the 1929 Wall Street crash + +As recently as 2012 the S&P 500 was below its 2000 peak. Value-orientated asset managers like GMO’s Jeremy Grantham think something similar could happen again, but it’s not just well-known Cassandras who worry. Hedge fund billionaire Ray Dalio of Bridgewater Associates and Blackstone’s vice chairman Tony James have both warned about a “lost decade” for equity investors.  + +If you’d followed GMO’s advice in 2013 to steer clear of American large-cap stocks and load up on emerging market shares, you’d have missed out on seven years of stellar returns. So what’s different now? +1. Extreme valuations +Equity valuations have grown even more extreme. During the pandemic, they have become completely divorced from economic fundamentals thanks to the Federal Reserve’s largess. A stock market bubble pulls forward expected returns from the future, setting investors up for probable disappointment later on. “It’s exactly when past returns are most glorious that future prospects are most dismal,” investor John Hussman, another famously bearish investment manager wrote recently. He’s described today’s menu of choices for passive, long-term investors as “the worst in history.” + +Expensive Stocks + +U.S stock valuations aren't at dotcom era levels, but they're certainly not cheap + +The CAPE ratio uses a ten-year average of inflation-adjusted earnings to smooth out short-term noise + +2. Ultra-low interest rates +Low interest rates are often portrayed as bullish for stocks because they boost the value of future corporate cash flows in today’s money and reduce the cost of servicing debt. But with U.S. short-term rates now at zero, the Federal Reserve may find it harder to juice the stock market. Ultra-low rates also reflect pessimism about future economic prospects. “When real rates are low, future returns on equities and bonds tend to be lower rather than higher,” Elroy Dimson, Paul Marsh and Mike Staunton wrote in Credit Suisse’s 2020 compendium of past market returns. “Investors should assume a sober view of the likely excess returns equities can generate from here.” +3. Profit margin reversion +A key determinant of equity returns, profit margins have been unusually high over the past couple of decades. But corporate profits have now suffered a massive hit due to the pandemic. Even without the virus, those oversize earnings should eventually dwindle as competitors spy an opportunity. Monopoly power may hinder this, but dominant tech companies are starting to face more competition and stricter antitrust enforcement. Globalization is also in retreat and workers are demanding are a fairer split of the rewards of capitalism. +4. An aging population +This is often considered a key reason for Japan’s prolonged stock market slump. Although the U.S. is aging less rapidly, the demographic changes underway are bound to have an impact on future equity returns. An aging population may be less productive, lowering potential economic growth. Furthermore, by 2030 the large and asset-rich U.S. baby boomer generation will all be over the age of 65, and they may need to cut their exposure to risky stocks or sell financial assets to fund their retirement, weighing on prices. + +While this all sounds bleak, it’s some comfort that over the very long term stocks have tended to go up. In nominal terms, one dollar invested in the U.S. market in 1900 was worth $58,000 by 2019, according to the Credit Suisse market returns study, or an annualized 6.5% return when adjusted for inflation. In the meantime, there are a few things young investors can do to avoid being caught out by a duff decade for U.S. stocks. +For starters, if returns are lower I’m afraid you’ll also need to save more to build wealth. Consider adding some exposure to non-U.S. equities, which may at last be due a period of outperformance relative to the U.S. And by reinvesting dividends you can still obtain decent returns even if stock prices go nowhere. (The FTSE 100 has fallen 19% since the turn of the millennium, but investors who reinvested dividends received a 63% return in that period.) +Hopefully, the gloomy scenario I’ve painted won’t materialize and U.S. companies will develop new technologies that power the economy and the stock market to new heights in the next decade. But if that doesn’t happen, you’ll be prepared." + + + +Source: https://www.bloomberg.com/opinion/articles/2020-10-31/personal-finance-what-if-stocks-don-t-always-go-up-advice-for-young-investors + +  +# · INTRODUCTION: This community has uncovered a lot over the past year, and I believe the most important thing to understand is the gamification of the stock market through the abuse of derivatives. Derivatives originated for risk-taking degenerates to bet on the movement of the underlying, but it has spiraled into an algorithmic disaster that has become the primary mover of the underlying price. + +\----------------------------------------------------------------------- + +***·*** [***How big is the derivatives market?***](https://www.bis.org/statistics/about_derivatives_stats.htm) + +>***·*** According to the most recent data from the Bank for International Settlements (BIS), for the first half of 2021, **the total notional amounts outstanding for contracts in the derivatives market was an estimated $610 trillion**, but the gross market value of all contracts is said to be significantly less: approximately $15.5 trillion in 2020. + +***·*** [**Pretty fucking big.**](https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/) **The cart is driving the horse.** + +***·*** **PART I. – Juggling Daggers: Hiding Naked Shorts through Options** + +***·*** **PART II. – Dynamic Hedging with Futures** + +***·*** **PART III. – Filling in the Pieces of the Puzzle & Seeing the Picture** + +\----------------------------------------------------------------------- + +***·*** **PART I. Juggling Daggers- Hiding Naked Shorts through Options** + +***·*** In ["The Uno Reverse Card"](https://www.reddit.com/r/Superstonk/comments/t0kere/choompop_moonwalk_the_uno_reverse_card_how/?utm_source=share&utm_medium=web2x&context=3), I highlighted options strategies that are used to hide naked short positions and reset the FTD timer. Reading that is prerequisite knowledge. They use FLEX options, reverse conversions, and married puts in order to manipulate the CNS system to avoid locating and settling their naked short position. + +[Chart by U\/BROCCAAA](https://preview.redd.it/7ksjth14lik81.png?width=936&format=png&auto=webp&s=cd684fb62e5d66732af61ec7e9486c437f2054ed) + +***·*** Look at last January. **The open interest on puts skyrocketed at the same exact time that reported short interest tanked. They almost completely converted short interest into derivatives.** *(Why do you think Citadel gave Melvin a loan?)* + +***·*** If you recall the reverse conversion strategy, you’ll remember that they can naked short sell 10,000 shares and then buy 100 calls and sell 100 puts at the same strike price in order to be completely neutral. + +>If the calls are ITM then they are exercised, and they buy 10,000 shares to balance the books. +> +>If the puts are ITM then they are assigned, and someone sells them 10,000 shares to balance the books. +> +>It’s a way to profit from arbitrage from Put/Call parity equation imbalance. + +***·*** What would happen if **they simply didn’t buy calls at the same strike price, meaning that the only hope of balancing their books would be if their puts went ITM?** It would be a hedging disaster. Now they are sitting on tens of millions of naked shorts, and they have no way to exercise the shares and balance the books. However, they still use their divorced puts to file for exemptions and manipulate the CNS System into not settling their short positions. + +***·*** The problem is that every time these puts expire worthless, they need to pay premiums to roll them forward and settle the lopsided options chain t + 2 + 35 days later *(t + 6 + 35 days for ETFs)*. + +***·*** **They sham-close their position each period and continue the endless cycle of juggling daggers.** + +[Chart by U\/jamesroland17](https://preview.redd.it/rf57sw7nlik81.png?width=936&format=png&auto=webp&s=557eee5b802ab25abd0e00741389d4862ba2b33e) + +***·*** January 21nd, 2022 LEAPs expiration had 284,728 Deep OTM Puts. **That means that there were 28,472,800 phantom shares accounted for that will need to be reset.** + +***·*** They will locate these 28 million shares and then immediately sell FLEX options to each other to reset their FTD clock. **The contracts will never settle, then they’ll use market maker exemption to kick the can 35 days.** + +***· Let’s try to visualize this:*** + +* ***·*** If Team Shit Face sells a call, then they are short on the stock. +* ***·*** If Team Shit Face buys a call, then they are long on the stock. +* ***·*** If Team Shit Face sells a put, then they are long on the stock. +* ***·*** If Team Shit Face buys a put, then they are short on the stock. + +1. ***·*** Shit Face A are short 100,000,000 shares. They are at risk of being margin called and liquidated, so they need to convert their position. +2. ***·*** Shit Face A sells 1,000,000 puts to Shit Face B at the lowest strikes possible in order to keep premiums as low as possible. +3. ***·*** Shit Face A is now long on their puts, so they have officially canceled out their public short position which is indicated in short interest. +4. ***·*** Shit Face B purchased these puts in order to make the market, which means that they are now short. + +***·*** In general, investors typically take long positions rather than short positions because stonks only go up. This means that MM’s books are usually mostly short. That means they are usually exposed to negative gamma, which they make up for with pricing in options and positive theta. + +***·*** If Shit Face B wanted to be gamma neutral on this massive short position, they would need to buy a ridiculous amount of calls. **They literally cannot do this because no one would sell all those deep ITM calls and they cannot buy all the shares to hedge the contracts.** + +***·*** **If they didn’t hedge their delta and gamma exposure, the system would turn into swiss cheese.** They cannot hedge this rolling position on the open market, so they turn to other avenues in order to avoid forced settlement through CNS system. + +\----------------------------------------------------------------------- + +***·*** **PART II. Dynamic Hedging with Futures** + +***·*** Options are the main piece to this puzzle. **The second biggest piece to this puzzle** ***lies*** **in the futures market.** I would like to commend u/zinko83, u/criand, u/gherkinit, u/yelyah, u/leenixus, u/bobsmith808, u/turdfurg23, and others for their tremendous work in this scope. + +***·*** Many people have read about DOOMPs and associate them with a replicating portfolio in order to hedge variance swaps. Variance plays a key role in this position, and some variance swaps are likely in play. However, I believe that **DOOMPs are not being used to hedge futures contracts, but rather futures contracts are being used to hedge DOOMPs.** + +***·*** **The first thing I’d like to highlight is that majority of these DOOMPs were added when the buy button was turned off.** As highlighted previously, I believe this was a nefarious strategy to create a synthetic long position to avoid forced settlement. + +***·*** This new position left them with some very concerning and risky pain points. One of them is time, but the important one is the fact that the stock will never reach low enough to convert their synthetic to authentic. ***The Netting system relies on even settlement, so heavily skewing it creates an idiosyncratic risk***. + +***·*** Read “[Dynamic Hedging: Managing Synthetic and Exotic Options](http://docs.finance.free.fr/Options/Dynamic_Hedging-Taleb.pdf)” by Nassim Taleb. This is an incredibly easy read that can help you build your knowledge of options and futures. + +***·*** If you are familiar with the flash crash in 1987, then you know all about portfolio insurance and the process of dynamic hedging with futures. Here is a flashback to u/atobitt’s DD: House of Cards - Part I. + +&#x200B; + +https://preview.redd.it/dqlspzpxmik81.png?width=936&format=png&auto=webp&s=ad736eee5c696cca04860082b8f992b1ae23f2a1 + +[House of Cards Part 1 by U\/atobitt](https://preview.redd.it/m01psyv0nik81.png?width=936&format=png&auto=webp&s=4baa5667ddca40e51d455f65ff24b1b85fad524c) + +***·*** Dynamic hedging can be used to sell futures on stocks they own in order to limit downside risk (AKA Portfolio Insurance). This means there is someone else on the other end of the trade who will buy at a certain price. + +· Team Shit Face used a nefarious strategy to manipulate the market and hide their naked short position. The sell-pressure was exerted on the stock long ago, but the stock price will not be corrected until the inverse buy-pressure is reapplied. **My theory is that the Market Makers on Team Shit Face go long on futures in order to trick the CNS system and get special exemption from settlement of their short position.** When expiration approaches, they can roll their futures contract out to maintain their hedge. + +[Definition of the Greeks](https://preview.redd.it/4594kkzqpik81.png?width=936&format=png&auto=webp&s=65b7f8597b67c3bf4f889aaf5bd8aa238c76baab) + +[Page 10 \\"Dynamic Hedging: Managing Synthetic and Exotic Options\\"](https://preview.redd.it/iw8xchispik81.png?width=936&format=png&auto=webp&s=62f797c22aa06269d53d1cc15af7fdf440c0ddb1) + +***·*** There are many different types of swaps that could fill the needs of Team Shit Face. It could be basket options or a combination of a few different types of dynamic hedging. I would love to dive deep and educate all of you about their specific contracts, ***but*** [***the CFTC is not publishing any swaps reports***](https://www.sullcrom.com/files/upload/sc-publication-cftc-issues-no-action-relief-swap-data-reporting-compliance-deadlines.pdf) ***for 2021 and even FOIA attempts have failed.*** + +>***·*** In November 2020, the Commodity Futures Trading Commission (“CFTC”) amended parts 43, 45, 46 and 49 of its rules, which establish the recordkeeping and swap data reporting requirements applicable to swap dealers and swap data repositories (“SDRs”). Among other things, the amendments: (i) defined swap data elements required to be reported to SDRs; (ii) added new swap data elements and revised existing swap data elements; and (iii) required that the swap data elements be reported to SDRs in a form and manner compliant with the CFTC’s technical specifications. **The amendments were effective on January 25, 2021** + +***·*** **Warning: I will be engaging in educated reasoning for the selection of this derivative that could be used to hedge their position. I do not have access to Team Shit Face's data.** + +[Basket Options](https://preview.redd.it/py73s0zioik81.png?width=936&format=png&auto=webp&s=2e1a5729715b061b680cc20e0edc537c2656e71b) + +***·*** **Exotic options differ from a call because they do not have to pay for the intrinsic value of the contract; Their negotiated terms would state that they would pay for the underlying when it is settled.** + +***·*** They need to readjust their contracts every few months in order to account for DOOMPs expiration. **The more important pain point is that this rollover window brings an insane amount of exposure. Every time they start a new contract, they are very far away from expiration and exposed to gamma radiation.** + +[Chart by U\/yelyah](https://preview.redd.it/52y03yfeqik81.png?width=936&format=png&auto=webp&s=6acdb6f2a0e57ba6f0a510db7a480d8ac04982dc) + +***·*** For brief periods over the past year, the GameStop Gamma breaches $10,000. **When they are in the process of rolling their sea of FTDs and acquiring new futures contracts to hedge, they are exposed to massive risk.** One can ideate what will happen as GameStop’s value increases organically. + +***·*** They need to unwind their position overtime and increase the price or else a breach of max gamma could end in disaster for Team Shit Face. Every single time their DOOMPs expire, they need to relocate and create a new contract. The short position falls onto the Market Maker, who has no ability to hedge the contract on the stock exchange. Rolling the position every futures rollover period will get increasingly expensive as price goes up. + +***·*** **Each time they use FLEX options to sham-close their position, they must locate the shares then fail again a few days later. When they roll forward their basket option, they are exposed to exorbitant amounts of risk as they are unhedged.** + +\----------------------------------------------------------------------- + +***·*** **PART III. Filling in the Pieces of the Puzzle & Seeing the Picture** + +***·*** **Team Shit Face got caught with their dick in the cookie jar and needed to use complex derivative instruments in order to hide, then hedge their position. As GameStop’s valuation increases overtime, this position will unravel and become too expensive to roll forward.** + +***· Let’s visualize the cycle of February 2021.*** + +>***·*** January 15st, 2021 – LEAPS expire on stonk & ETF +> +>***·*** January 20rd, 2021 – Options fail to deliver on t + 2 +> +>***·*** January 26nd, 2021 – ETF LEAPs fail to deliver on t + 6 and APs submit creation order +> +>***·*** February 24st, 2021 – C + 35 from Options FTD are due +> +>***·*** March 2rd, 2021 – C + 35 from ETF FTD are due +> +>***·*** March 11st, 2021 – Futures roll date is opened up +> +>***·*** March 19rd, 2021 – Futures expiration + +[$GME Chart for 2\/12\/21 - 3\/23\/21](https://preview.redd.it/33nyasktqik81.png?width=936&format=png&auto=webp&s=8e424afe48cb45f379aa0b1f8403035637c4c345) + +***· Let’s visualize the current cycle because you sick mother fuckers love dates.*** + +>***·*** January 21nd, 2022 – LEAPS expire on stonk & ETF +> +>***·*** January 25st, 2022 – Options fail to deliver on t + 2 +> +>***·*** January 31nd, 2022 – ETF LEAPs fail to deliver on t + 6 and APs submit creation order +> +>***·*** March 1rd, 2022 – C + 35 from Options FTD are due +> +>***·*** March 7nd, 2022 – C + 35 from ETF FTD are due +> +>***·*** March 10st, 2022 – Futures roll date is opened up +> +>***·*** March 18rd, 2022 – Futures expiration + +**· The Battle Between Team Shit Face and Team GameStop:** + + · “The casino always wins.” We’ve heard it before. Well, I heard my uncle made 7 figures in Vegas while blacked out. He’s a retard. + +***·*** **Team Shit Face has some unique advantages that allows them to win** ***almost*** **every time.** + +>· **Payment for order flow** allows them to see trades and orders from retail. +> +>· **Dark Pools** prevents transactions from impacting the share price on public exchanges, allowing them to buy in dark pools and sell on open exchanges. +> +>· They **own the media** who feed us horse shit and expect us to be too stupid to critically think. +> +>· **High frequency trading** allows firms to profit from nanoseconds in bid/ask discrepancies. +> +>· **Failing to deliver** kicks the can down the road and gives TSF more time to locate shares. +> +>· Market Makers can **naked short sell** in order to “provide liquidity to the market”. +> +>· **ETF basket creation** lets them disassemble exchange traded funds in order to manipulate the price of portions of selected stocks. +> +>· **Derivative manipulation** allows them to cook their books and create synthetic positions. +> +>· They use **married puts** to create phantom shares which can cover old positions or sell to tank price. +> +>· **Buy-writes allow** them to recycle positions to reset the short-sale timer. + +It seems *almost* unbeatable. + +***·*** **Team GameStop has an** ***unbeatable*** **advantage.** + +>· Apes **buy** vastly undervalued shares in a growing tech giant with every penny found in the couch and every weekly paycheck. +> +>· Apes **hold** their shares because they know anything under a phone number is horse shit. +> +>· They **Direct Register** their **Shares** to claim ownership over their investment and not an IOU from Cede & Co. +> +>· Most importantly, they can **go outside** because the game is over; it’s already won. Drink water. + +***·*** **The Game Stopped when Ryan Cohen bought 9,000,000 shares in 2020.** Team Shit Face was greedy and were 100% certain they would bankrupt GameStop. The purchases from millions of apes from Columbus to Cambodia was the nail on the coffin (and then 69,000,000 pounds of rubble putting diamond pressure on the grave). + +https://preview.redd.it/gg9t78a5sik81.png?width=640&format=png&auto=webp&s=c2c3f48a5b84f781ddb5ae5926af7413a3945a55 + +***·*** **Will they ever be margin called & when will this end?** + +***·*** Due to the way the CNS system is designed, it is not likely that they will have to unravel their position at once and give us a 100000% daily increase. **Their new positions are not tied to margin. Rather than borrow the stock and hold margin against it, they hold synthetic positions that expire in timely increments. Each increment requires more capital to roll and hedge, so it is feasible that they will eventually be unable to roll and Team Shit Face will be cut into pieces for the rest of the Authorized Participants to feast on.** + +***·*** As highlighted previously, I believe the tactics and position used to naked short tesla was very similar to GameStop’s. I could see GameStop authentically increasing its value and stair-climbing up with each cycle, but GameStop and Tesla are different. + +* ***·*** GameStop has more naked shorts rolling around than actual shares available. +* ***·*** GameStop is in the middle of a transformation that can violently increase valuation. +* ***·*** The buy-button was turned off because it posed an idiosyncratic risk to the entire market. +* ***·*** We know that their position is still open. + +***·*** **They are running on a treadmill that is getting faster and faster, and eventually it’ll get too fast. They’ll fly off the back over a cliff into a deep pit of despair filled with dog shit. If they want to slow the treadmill down, they must pay ever increasing amounts money.** + +***·*** So, with all of that being said, ***prepare for a dip on March 1nd.*** + +\----------------------------------------------------------------------- + +***·*** *End Note:* + +***·*** DD on this sub is no longer for confirmation bias. Our sell buttons were removed January 28th, 2021, and no one here needs convincing. We should continue to learn and ideate as a community because we should expose their crime. [Please use this link to file complaints with the SEC and mention the tactics that we have uncovered](https://www.sec.gov/complaint/info). + +***·*** The question is: Will their position implode causing GameStop to shoot to the moon? Or will GameStop slowly climb its way into incredible valuation with a spring pad of naked shorts pushing it increasingly higher? + +***·*** **“March 1rd: The Final Date as Foretold in the Prophecy” was named as such because it is the last date you will ever need.** The GameStop marketing team isn’t giving you clues as to when the financial system will collapse. The release of new GameStop merch on July 355rd isn’t hinting at some new rule. This next roll could collapse Citadel and send our rockets into the sun. Or it could increase the speed of their treadmill above the pit of daggers. If Ken Griffin isn't in jail next week, we can forget about dates. Embrace the zen. + +***·*** I’m not on Citadel’s risk management team and I’m not a cat. Here’s what I know: **I’m going to keep buying these shares at a massive discount because it’s the most asymmetric investment in human history. Other than that, I’m going outside to enjoy life.** I wrote this write-up not to give you hopium or crucify myself with the next date, but rather to highlight the ways they manipulate the stock market in broad daylight. Here is [the link](https://www.sec.gov/complaint/info) to file a complaint with the SEC. + +***·*** See you in Valhalla. + +***·*** *-Choompop* + +\----------------------------------------------------------------------- + +***·*** [THE FINAL DATE: Tuesday Morning, March 1rd - Launch Day According to the Prophecy](https://www.reddit.com/r/Superstonk/comments/szo47s/the_final_date_tuesday_morning_march_1rd_is/) + +***·*** [CHOOMPOP MOONWALK: The Uno Reverse Card – How Reverse Conversion & Married Puts Roll a Naked Short Position + How TSF Schemes the CNS System](https://www.reddit.com/r/Superstonk/comments/t0kere/choompop_moonwalk_the_uno_reverse_card_how/) +Hi guys, my hobby is creating spreadsheets and I decided to make a basic budgeting one for the fun of it. + +&#x200B; + +**What it does** + +It allows you to enter your own income and expense categories, assign a expected/budget value to them. You can then track them over a period of time. + +I set it up as basic as possible, so the expected income and expense budgets are static and not categorized into months, but for learning about budgets and not being overwhelmed with spreadsheet tabs I think it does a good job. + +&#x200B; + +[Pictures](https://imgur.com/a/GD4ugVY) + +&#x200B; + +**Links** + +[Monthly Parent Spreadsheet](https://docs.google.com/spreadsheets/d/1A8Jqxspl5UqLkg5LFGP9rtZhYq99JdJzvhoYL19iNT4/copy) + +* Day/Month/Year + * [$](https://docs.google.com/spreadsheets/d/1qB5pEdI4ctbWH_yR_XQDOhiCTOnn6CNEp8bq4Ur1DA0/copy) + * [£](https://docs.google.com/spreadsheets/d/1HGsvqEquenU1vi5YdFB5RDruJYrhZEikQypdooS5VhM/copy) + * [¥](https://docs.google.com/spreadsheets/d/1MaqXuyR9C4CyLJPo6GPGKvAZ7nxgj8xdQFAn4qR9AVw/copy) + * [€](https://docs.google.com/spreadsheets/d/1auBwt9tVGUgBCAKFcnJVg5FlOY9A7G08f5YPzcWNc7g/copy) +* Month/Day/Year + * [$](https://docs.google.com/spreadsheets/d/1rjX2GnG7AbI2iSK1DjDD8gPoQk478v8-cRE37-8pb_M/copy) + * [£](https://docs.google.com/spreadsheets/d/1fLGsQfvhUREfUOaBQCMe1H-9IozBJxDkGBvzEOnU-dM/copy) + * [¥](https://docs.google.com/spreadsheets/d/17izBodY47BEXchv4plljw7cFvVqnX4GIARGaizAFpG0/copy) + * [€](https://docs.google.com/spreadsheets/d/1cdLv_zrhSAaBX972t9BTbbzGhkslbEaK27pfAgSIIkg/copy) +* Year/Month/Day + * [$](https://docs.google.com/spreadsheets/d/1DqCQ-Fb8r4TvBBCJwUk2NamA1_ehWe-9CqUbLRz86BU/copy) + * [£](https://docs.google.com/spreadsheets/d/1QHaItmeiXHWF8018fBpOuGXyRQV-q-OC7gLNQ654MhA/copy) + * [¥](https://docs.google.com/spreadsheets/d/1zYP9LoWm-fbWBTSMKkEIP37cJ5OVvmqz309iIdN8ZgU/copy) + * [€](https://docs.google.com/spreadsheets/d/1vStZmvo2izf5hZxDkxwlnwqWmCyQ_3x3hYXXRkNZbeA/copy) + +[Weekly Parent Spreadsheet](https://docs.google.com/spreadsheets/d/14DNSqgTf7I2hOGYmqEl38sXTk8eqDA2QYepEuvLObGA/copy) (d/m/y) ($) + +Let me know what you all think! (*Especially if there are any massive oversights that I've overlooked*) +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 +Now that market is falling, it's probably a good time to go on ~~Shopping~~ Investment free. So what's that your one stock / stocks which you were eying to buy but were waiting for prices to fall. + +&#x200B; + +&#x200B; + +&#x200B; + +My list: + +* Asian Paints ( Because there is literally no big leader in the paint market.) +* Nestle ( Diversified. Hence safe for long term) +* Zydus Wellness ( Another FMCG catering a niche market which has potential to grow) +* Exide Industries ( With talk of EV going on , whats better to invest other than battery seg leader) +* Balaji Amines ( Chemical company with consistent investment in RD. ) +* L&T ( Well diversified. Can do invest and forget on this one) +* RVNL ( PSU, Has lot of new orders pending) +* Page Industries ( Jockey India supplier, brand value, licence got renewed upto 2040) +* HUL ( well diversified, invest and forget) +* Reliance. ( I trust Elder Ambani won't let his company value fall. ) +* Yes Bank ( Trading below 100. Slightly risky. Taking calculated risk here) +* Bluestar ( Because I don't think There will be fall in demand for ACs in India ) + +&#x200B; + +&#x200B; + +&#x200B; + +any suggestions are welcome. +Hello friends. Do not be intimidated by the title :) But I am struck by the idea of the utopian nature of the concept of decentralization in modern cryptocurrency. + +Do you think cryptocurrency is truly "decentralized" at the moment? + +If we turn to history, then bitcoin was originally conceived as absolutely financial freedom and a decentralized payment system, which at the moment do not correspond to the original ideas at all. + +(those who disagree can googling mining pools and early coin holders) + +Just like most large projects with their own blockchains and technological solutions. Take the acclaimed Solana in 2021. And what did the users get as a result? An unprotected system with many flaws, but nevertheless, such a system is called in our world "decentralized" + +After all, the concept of data storage and transmission is not the whole function of decentralization, is it? + +I am alarmed by the market trend and that the cryptocurrency is more and more like a stock market with exactly the same problems, where not always technological solutions that try to develop directly decentralized solutions do not receive the necessary publicity and attention. People only care about instant profit, and unfortunately, people see only profit in this, and the original idea fades into the background. + +So far I do not quite understand why this is happening, because there are interesting blockchains that somehow put the development of decentralization in the forefront, like Near Protocol. I am absolutely amazed at their blockchain with a sharding system, multi-level DAO, which eradicates the centralization of human factor solutions, and it can be seen that the ideological inspirers and creators of the project really yearn for the transition of our world to a new, decentralized world. + +Please share your opinion in the comments <3 I will be glad to talk with you +Supposedly the hack was just emails, no passwords. No data. Just emails. This is the information they gave in the email Robinhood sent. It also asked me to login and read notifications directly from the app from now on. + +This is after at least 1 email a week of them asking me to login to my inactive account I abandoned when they took away the buy button. There is a bigger reason than what they are claiming, imo. They want to ramp up the amount of active users (people have to login regularly to be an active user) without lying about the numbers. How else to get people to login if we ignored their TAX emails, their check your account emails, their free gift emails? Well, WE HAVE BEEN HACKED. CHECK AND MAKE SURE EVERYTHING IS OKAY BY LOGGING IN. + +Apes, hopefully none of you logged in so they can spice up their little books for investors. + +&#x200B; + +**Directly from Robinhood's email:** + +*Here are some helpful tips for* ***keeping your account and information safe*** + +* ***Log in to the app to view important messages.*** *Avoid links in security alert emails, which can direct you to fake sites that capture your account and personal information. When in doubt, log in to view messages from Robinhood—we’ll never include a link to access your account in a security alert.* +* ***Request 24/7 phone support in-app.*** *Right now, the only way to get phone support is to log in to the app and request a call from an agent—we’ll give you the number we’ll call you from so you know it’s us and not spam. If you see activity you don’t recognize on your account:* ***Account*** *>* ***Help*** *>* ***Contact Us***\*.\* + +&#x200B; + +&#x200B; + +To keep your account and information safe, use the app. And use the app. And right now the only way to get phone support, is through the app. Blatant. +"I realized I was paying an exorbitant amount of money for the apartment I was staying in — and I was almost never home," he says. "It's really hard to justify throwing that kind of money away. You're essentially burning it — you're not putting equity in anything and you're not building it up for a future — and that was really hard for me to reconcile." + +As much as I admire this guy, I'm not sure I'd be able to do the same. And what's up with the stuffed animals? http://www.businessinsider.com/google-employee-lives-in-truck-in-parking-lot-2015-10 + +This one might be common knowledge. I did a big post about selling on eBay last week which really got some numbers. I just wanted to share something that is more about the buying side of things online. + +Years ago I activated 'Return Shipping on Us' on PayPal - I saw it was a free offer but never really used it or fully understood it. This past year I've realised that it is an absolute gem. If any item you've bought, clothes, electronics, etc. either do not fit, do not work, you don't like them etc... we all know that you can return them to the supplier. Sometimes the seller will include a pre-paid label for free returns but a lot of the time they don't - you'll have to pay to post it back, or they will deduct the return costs from your refund. + +PayPal's 'Return Shipping on Us' allows you to have all of your online purchases return costs become free of charge by refunding you the cost of returning - here's all of my refunds I've got so far - [https://imgur.com/p4oiiFh](https://imgur.com/p4oiiFh) + +&#x200B; + +*How it works:* + +*- Pay for goods onsite (you have to use PayPal as payment method)* + +*- Goods arrive* + +*- If you need to return any, follow sellers' returns instructions as usual* + +*- Go to transaction in your PayPal account on a Mac/PC and open up for more detail* + +*- Click 'Request return shipping refund'* + +*- Upload your proof of return postage or proof of the return cost deduction and enter the amount you're claiming* + +*- PayPal will pay you the cost of this back in 3-5 days* + +&#x200B; + +Have a look at my screenshot from my page of return requests [here](https://imgur.com/p4oiiFh) + +Allows you to save a lot of money on return costs! I think there is a limit of 15 claims per calendar year, that is the only limitation I am aware of. + +Like with my last post, I can only apologise that this may be common knowledge or has already been posted on here, so apologies if so. + +Matt :) +To avoid confusion: + +Pure cash flow = pure profit after all expenses, including debt = The cash you can use any way you like. + +Just trying to get the meta. I know there will be nuances like access to starting + ongoing capital + investing for appreciation, Geography, etc. + +In my case, + +I am at $700 in 8 months. + +Thanks so much in advance. + +&#x200B; + +EDIT: Since few people raised a good point about cash flow being subjective, here is my definition. Hope it helps! + +Cash flow Income per month = Total Rent per month - Total Expenses + +Expenses = Mortgage Principle + Mortgage Interest + Property Taxes + Insurance + Utiltiies + Capex + Repairs + Vacancy + Property Management + Leasing + Lawn/Snow + Marketing + Legal +In the last year, Pinterest is down 55%. The 52-week high was $89.90, while the low was at $31.61. As always, I make a video as a more in-depth version: + +[https://www.youtube.com/watch?v=Rpv7bqbLEzA](https://www.youtube.com/watch?v=Rpv7bqbLEzA) + +For those that prefer reading, below you can find my thoughts on Pinterest: + +The platform grew the # of users significantly at the beginning of the pandemic as there were a lot of people with fewer options on how to spend their free time. So, Pinterest was one of the "new" ways to fill time for some. As time went by, the # of Pinterest users started to decline and this was a signal that the platform couldn't retain the new users brought by the pandemic. However, I think this was very much expected. Pinterest is a different kind of platform. Unlike Facebook/Twitter, there's a lot less interaction between the users and the goal is different as well. Through images/videos, the users get inspiration on various topics, whether that is cooking, working out, or renovating a room in their house. There are fewer notifications and less dopamine involved in getting likes/comments from others. It's just a platform that attracts a different kinds of users. + +However, looking into one chart (the # of monthly active users) and the changes over time doesn't show the large picture. + +1. The revenue of the company grew from about $0.5bn in 2016 to almost $2.5bn for the last twelve months (Q4 2020 to Q3 2021). +2. During the same period, the gross margin improved from around 50% to 80% and they've had a 14% operating margin for the last twelve months. +3. They have increased the average revenue per user and it is still low compared to others, so there's room for improvement. +4. They have a great balance sheet, no debt apart from the 189m leases and $2.3bn in cash +5. They were growing revenue at 50% annually and although that is difficult to continue from the monthly active users, there can still grow significantly by increasing the average revenue per user. Forecasts for the next year range from 5% to 41% increase in revenue. + +I ran my assumptions through a DCF model. Below you can find the assumptions: + +\- Revenue growth 25% for the next 5 years, then to slowly decline (mainly driven by an increase in average revenue per user) + +\- Operating margin 25% (It is already at close to 15%. Companies in this industry are known for having large operating margins. I do not think they'll reach the 40% of Facebook, but 25% seems quite conservative) + +\- WACC 7.5% (Mainly cost of equity, the cost of debt is irrelevant as their debt is 1% of the debt+equity) + +The outcome is the following: + +\- Revenue in 10 years to reach $12.4bn (roughly 5x increase from the last twelve months) + +\- Value per share $51.73 (Stock is currently trading at $32.42) + +&#x200B; + +Now, could I be wrong in my assumptions? Definitely! So, below is a table of the various scenarios based on how quickly the revenue will grow and the margin they can sustain (both are assumptions for year 10): + +&#x200B; + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|4x ($9.8bn)|$34.1|$42.1|$50.1| +|5.1x ($12.4bn)|$41.7|$51.7|$61.8| +|7x ($17.1bn)|$54.6|$68.2|$81.8| +|10x ($24.4bn)|$75.3|$94.5|$113.8| + +In all of the scenarios, the current stock price is below the fair value. I am not sure if I'm missing anything and I'd like to hear your thoughts! +-2024E EPS of SP500 is $239 + +-Current price SP500 $3,647 + +-Current P/2024E EPS of ~15.3x + +-Let’s say daddy Pow brings recession and current 2024 earnings are slashed 25% (call it worst case) + +- The max FY+2 market earnings revision (change in current fiscal year + 2 earnings estimates) since 2005 was in ‘08 on 22-Sep-08 of -26.7% QoQ, so 25% seems like a reasonable downside case… + +- At current SP500 price and 2024E EPS, a -25% revision would represent a P/2024E EPS of 21x. IMPORTANTLY, historically speaking, the market has on average traded at a P/E FY+2 of 14.9x. The max it has ever traded on this metric was 23x on 23-Dec-20 + +- So if we back into implied SP500 price using this average multiple, the hypothetical bottom of the market with 25% earnings revision on current 2024E EPS is $2,700 + +- $2,700 is 27% below current price of S&P500 + +- I personally don’t see earnings getting hit that badly so I’ll call it 15% which brings me to a target price of $3,100 + +- When (if) the market falls to this level, I’ll be moving from 90% cash to 50% cash and buying my quality value watchlist names +I’v done quite a bit of research on $BBBY which by all metrics has a negative eps and negative p/e. Generally speaking most values are negative. It has a 400M market cap and enterprise value of 3.5B. They have the buy buy baby banner they are working to unlock value with via a sale or spin off. CEO was recently fired and new board members will be elected July 14 via Ryan Cohens people. This last quarter imo is the worst it’lll get. It is identical to GME when DFV was in there initially and when Cohen entered that stock back then. + +I’m trying to untangle how Cohen is arriving at his projected values generally speaking. He took over a 9% stake back in March. + +Cohen wrote a letter to the board after his stake was taken in March: + +2. Seek to Monetize the Ultimate Destination for Babies – Another path that can streamline Bed Bath’s strategy and unlock value trapped within the Company’s underperforming shares is a sale or spin-off of the BABY banner. Given that BABY is estimated to reach $1.5 billion in sales in Fiscal Year 2023 with a double-digit growth profile and at least 50% digital penetration, we believe it is likely much more valuable than the Company’s entire market capitalization today. Assuming continued growth and low double-digit margins, we estimate that BABY could be valued at a double-digit earnings multiple on a standalone basis. We believe under the right circumstances, BABY could be valued on a revenue multiple, like other ecommerce-focused retailers, and justify a valuation of several billion dollars. +In the event Bed Bath pursued a full or partial sale of BABY, it could position itself to pay off debt, put cash on the balance sheet and continue reducing its share count, thereby creating significant value for shareholders. Spinning off shares of BABY would be an even more efficient way to transfer value to shareholders. Notably, BABY’s high online penetration would likely ease operational hurdles. We assume Bed Bath and BABY could still have a shared services agreement to maintain an omnichannel experience for customers. + +3. Evaluate a Full Sale to a Well-Capitalized Acquirer – The final path we want to raise for consideration is a full sale of Bed Bath, in its current form, to one of the many well-capitalized financial sponsors with track records in the retail and consumer sectors and the ability to pay a meaningful premium. The past 10 years have shown that Bed Bath faces a difficult existence in the public market. The market is not giving the Company nearly enough credit for BABY’s value. A sale that can lock in a substantial premium for shareholders and provide Bed Bath the flexibility of the private market could be an ideal outcome for customers, employees and investors. +We believe Bed Bath presently satisfies financial sponsors’ interest in specialty retailers with recognizable brands, niche assets and sub-banners, and margin expansion opportunities. A private market participant with a long-term vision could unlock meaningful value by running the core business for cash and initiating a public offering for BABY at the optimal time. After stripping out the sizable costs of being a public company and setting a more focused strategy, we suspect Bed Bath’s core business — excluding BABY — could generate attractive earnings.” + +https://s.wsj.net/public/resources/documents/bbbletter030622.pdf + +Any recommendations as to how I can determine a fair value on a company like this one? Thanks! +This was one of the best AMAs I've ever seen. During some of the past ones, I'd have to pause and take a break. During this, I was absolutely hooked the entire time, and only paused to finish taking notes. Thank you guys for organizing this, and for all the effort you do in answering our questions and keeping the growing sub going. +27 year old single person here (living with one housemate, but we each get our own groceries). Just curious to know how much other single Aussie individuals spend on groceries each week. Cheers! +I guess this is a bit of a contextual question but I've begun to really take an interest in dividend stocks. And I'm wondering - for those that have been at it for a while - at what point did you start to have your quarterly reinvestments really start to just self-perpetuate in a way where you didn't even feel like you needed to actively contribute out of pocket anymore? To the point where your equity is high enough that you were basically reinvesting large amounts each month/quarter automatically, without even needing to do much, and compounding your gains (and subsequent dividend payouts) substantially? + +Because I want to get an idea of how long it might take to reach that point. One of my biggest dividend stock holdings right now is in the real estate stock RWT. I have 65 shares and my last dividend payout was $10, which almost bought me an entire share. I can only imagine what it must feel like to have a reinvestment of $100 or $1000 and to then have that continue adding to your next dividend payout. Does it eventually just accelerate to the point where you don't even need to invest much out of pocket anymore because your dividends are doing all the work? If so, for example if I wanted $1k in total reinvestment or dividend payouts each month, is there sort of a general minimum investment amount or does it just depend on which stocks you choose? +Recently graduated college and started my first (real) job with an amazing organization that offers incredible retirement benefits. I am in the stage of electing the percentage and type of retirement vehicle right now. + +Can you guys help me choose between a Roth or traditional 401(k)? (I didn’t even know you could Roth a 401(k) before being hired, but I triple checked and you sure can!) I plan to put in 5% of my bi-weekly pay. + +What do you guys think? +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, last week was very special, and the weekend capped it off well. We saw rising RRP (ahead of schedule), low volume, repeated price attacks leading into an upward breakout, and some desperate attempts to rewrite the front page results when Googling Ken Griffin. + +It's becoming more clear that Apes DRSing shares has pushed us right up to the brink of the MOASS, and any among several triggers will ignite it. Evergrande's collapse, a GameStop/Loopring announcement, or even the scarcity of legitimate shares could push this into high gear. Nobody knows exactly when, but the DD leaves no doubt that there will be a short squeeze of epic proportions. + +Remember the part you've played in this, and steel your resolve to maintain your role through the MOASS. Do not sell any shares 'just to cover your initial investment'. Do not sell when MarketWatch says it is over. Do not sell when Jim Cramer weeps and pleads for just one shareholder to paperhand. + +Sell a share when it alone is generational wealth for you. Sell another when you're ready to fund decades of free school lunches in your city. Sell your third when it means you'll never need to sell your fourth. *That* will be the MOASS. + +Today is Monday, November 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$232.04 / 205,88 €** *(volume: 4028)* +- 🟥 115 minutes in: $232.18 / 206,00 € *(volume: 3961)* +- ⬜ 110 minutes in: $232.24 / 206,05 € *(volume: 3846)* +- 🟥 105 minutes in: $232.24 / 206,05 € *(volume: 3762)* +- 🟩 100 minutes in: $232.35 / 206,15 € *(volume: 3749)* +- 🟩 95 minutes in: $232.30 / 206,10 € *(volume: 3620)* +- 🟥 90 minutes in: $232.21 / 206,02 € *(volume: 3311)* +- 🟩 85 minutes in: $232.38 / 206,18 € *(volume: 3202)* +- 🟩 80 minutes in: $232.21 / 206,02 € *(volume: 3162)* +- 🟩 75 minutes in: $232.15 / 205,97 € *(volume: 3130)* +- ⬜ 70 minutes in: $232.13 / 205,95 € *(volume: 3092)* +- 🟥 65 minutes in: $232.13 / 205,95 € *(volume: 2852)* +- ⬜ 60 minutes in: $232.72 / 206,48 € *(volume: 2476)* +- 🟩 55 minutes in: $232.72 / 206,48 € *(volume: 2399)* +- 🟥 50 minutes in: $232.18 / 206,00 € *(volume: 2253)* +- 🟩 45 minutes in: $232.72 / 206,48 € *(volume: 2200)* +- ⬜ 40 minutes in: $232.18 / 206,00 € *(volume: 1876)* +- 🟩 35 minutes in: $232.18 / 206,00 € *(volume: 1844)* +- ⬜ 30 minutes in: $232.13 / 205,95 € *(volume: 1490)* +- 🟩 25 minutes in: $232.13 / 205,95 € *(volume: 1480)* +- 🟩 20 minutes in: $231.06 / 205,00 € *(volume: 1156)* +- 🟥 15 minutes in: $229.98 / 204,05 € *(volume: 1086)* +- 🟩 10 minutes in: $231.28 / 205,20 € *(volume: 988)* +- ⬜ 5 minutes in: $228.18 / 202,45 € *(volume: 418)* +- 🟥 0 minutes in: $228.18 / 202,45 € *(volume: 216)* +- 🟩 US close price: $228.80 / 203,00 € *($229.00 / 203,18 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1271. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Previously, they avoided any contact with all their members during the pandemic and continue to charge membership dues even while their gyms are closed. Now you can cancel online: https://www.24hourfitness.com/membership/cancel/ +# $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) +23M, 25k siting in bank. Thinking to put everything in index funds 500, is vanguard best choice if yes,which one index funds best to choose? never invested before. also I am saving for house but only planning to buy in 2-3 years time. thanks +Acronis International GmbH + +AlphaWallet (STORMBIRD PTE. LTD.) + +Apposite Technologies + +Aptoide + +Arctic Star Exploration Corp. + +Auctus + +Authenticiti Inc + +aXpire +BaapPay Inc +Block Array LLC +BlockBank Co., Ltd. +Blockbid Pty Ltd +Blockchain Farm +Blockchain Technology Consulting K.K +Blockobi +BlockSeed Investments +Boon Tech +British Blockchain Association +Bryce Distillery, LLC +ByteCode Team +Celsius Network +Cognizant Technology Solutions +Coincademy +Commerzbank AG +DENT Wireless Limited +Devery International +Digital Align Inc. + +Digital Capital management +Dominode +EH Global Capital Limited +Engine Security +ETHLend +Farmatrust +FOAM +Friend Software Corp +Henkel AG & Co. KGaA +Holmes Business Law PC +Hurify Inc +Iagon AS +IDHub +INS Ecosystem +Intercontinental Exchange, Inc. +Kimlic +KR8OS +Kural Tech LLC +Lamden +Ledger Leopard BV +Marsh +Mediarex Enterprises Ltd (Malta) +Mooti +MulTra GmbH +N4psBusiness +Net Element, Inc. +Nodex Capital +Nsisto +O3 Technology Solutions + +Ockam Inc. +Onther +Paradyme Management +PayPie Blockchain Inc. +Pioneer Natural Resource +Realisto +Revolve Law Group +Rigo Investment Sagl +Sagewise +Searchfuse Marketing Management +SGIT +Shanghai Mai Wai Di Network Technology +Shell Global Solutions International B.V. +ShipChain +SpaceChain Foundation +starkindustries +SwissBorg +The Seam LLC +Thinkecture AG +T-Mobile USA Inc. +Trusted Key +WABI PROJECT +Webhits OOD +Webstarts +Westpoint Recruitment +Xtekk Exponential Technology Consortium +Zero Knowledge Labs Limited +I'm a recent graduate of a B.A. in Economics. We did work in stats and learned multiple forms of statistical modeling in Python and R, so I have a general understanding of predictive models. + +&#x200B; + +For those who work with profitable algorithms -- retail or institutional -- do your programs involve classical TA indicators, or are you purely crunching price, volume and order book data? I hope you would be kind enough to answer, as I am **not** inquiring any info on your parameters. +Let's say I'm a buy and hold passive investor. My portfolio consists of boring ETFs like S&P500, MSCI world, Stoxx 50, bonds, etc. + +I have 100k in ETFs and 100k in margin. but I don't use margin as I am a boring passive investor. + +For the sake of the example, let's say that those 100k are in a retirement (or similar) account, so I can't take my money off the market (so that is not a con of using the margin). + +&#x200B; + +Major stoxx 50 etf is the iShares Core EURO STOXX 50 UCITS ETF EUR (Dist), currently trading at 43€. + +I can sell like 10 Puts at 30.00 (that means -31% on current price) for 16DEC22 (one year out), for 0,56€/contract. + +If the market tanks (say, -50/60%): + +* I should still have enough margin to not have a margin call. +* I can roll the puts out another year, basically for as many years I want. +* Wait for the stoxx 50 to recover. As it is a major index (like for the S&P500), it's basically guaranteed that it can recover in less than 5 years. + +If I want I can be a little more risky and go for the 35 Puts (-20%), still 16DEC22, for 1,35. + +&#x200B; + +So that means a free yield of 0,56% / 1,35% on my 100k capital that gets "suspended" (rolling the puts) when the market tanks, until it has recovered. + +Seems like the risk is non-existent and I have no downside. There's for sure something faulty with my reasoning here, but can't find it. Can you prove me wrong? +So Ive been a traditional investor for a very long time, and been penny stock trading for a bit now, and I can say I have a very high risk tolerance, so I know risk varies from person to person. But here are some simple techniques to mitigate risk. I understand many people want to make money, and fast and that is what penny stocks are essentially for. + +So how do I pick up the nerve to drop down 10,000 on penny stocks? I mean you can lose everything! And yes, very easy to do so. One key thing here....be diverse! like VERY diverse with penny stocks only. Ill explain why. + +I have multiple brokerage accounts, but I use WeBull for penny stocks only. I know many people dont like WeBull, but use something you like and comfortable with. But I never mix normal stocks with penny stocks. this is solely only for penny stocks. My bigger brokerage like fidelity and TD are for actual long term/swing trade stocks. + +Anyhow, I usually keep my number to about 8 to 10 penny stocks. Why this magic number? Penny stocks are a gamble, but you can make it an actual investment if you use multiple tools. For me, reddit and how often it gets talked about is a tool. Also, search for catalysts, phases, contracts, debt free, new partnerships. Then my biggest thing is investing in penny stocks that analysts are bullish in. Chances are if analysts are bullish on it, has catalysts, and comes up a lot on reddit, it will shoot up. So 10 is my magic number. 1000 on each "trending" penny stock. on average most will give you maybe 0 - 5% return, some will be - 50% return, but 2 or 3 will be a 100 - 500% return which even if all 7 or 8 fail, you can possibly still get high profits by 50% when accounting all your losses, which to me, 50% is better than -50%. + +I have been doing this with 8 - 10 penny stocks at a time and I essentially havent had any "loss" as a whole. Sometimes I break clean even, but more than often, penny stocks will usually give -5% to -20% when going south while the other winners can give you 50% - 500% which greatly takes out the risk. I unusually try to sell at the analysts price point since I only invest on what is trending with analysts. I sell once I reach that point and reinvest the profits. One of my biggest tools is the brilliant people of reddit who do DD and share it which allows me to weed out the good penny stocks, so a huge thank you for that! + +So example, I am in KTRA because I see its trending on reddit, analysts are bullish on it and also has a pretty high price target with a catalysts. good sign. I am going to wait till it reaches $4 - $5 (unless something changes or the analytics change). so I dropped 1k on it while it was $1 (my rule is usually 60% below analysts say). so this will be a $4k profit, sell it, then reinvest that 4k into 3 or 4 other penny stocks and try to keep my entire portfolio around 8 to 10 penny stocks only, if not ill keep that profit in my wallet until the trend is over on some other penny stocks, then look for more to fill in. + +hope this helps!! +I came up with this just this week, while I was wondering quietly to myself "How do I eat for four days on eight dollars?" + +Ingredients +Campbells Cheddar cheese (condensed soup) - $1.50 at my store +Taco shells - $1.75 +Lentils - Already in cabinet, probably $2 if you buy 1 lb. +Sriracha paste, or flavor packet from beans, or taco sauce packet from fast food store. Save your flavoring packets. + +Lentils are the pasta of the bean world. Simmer 3 cups water to one cup beans. Cook 12-14 minutes until water is absorbed. Add seasoning and flavor packet you found under your couch halfway though cooking and stir it in. Keep stirring lentils, they tend to stick. + +Campbells Cheddar Cheese (It will have the blue ribbon on it that says great for cooking) is basically unsalted nacho cheese dip. I don't bother salting it because I salt the beans and also I'm an animal that doesn't care about flavor profiles. If you want take half the can and put three pinches of salt in it, stir it up, and see how you like it. + +Bean go in taco. Cheese go on bean. You live another week. + +This produces 7 jumbo tacos out of 2/3 cup of beans. You are left with half your shells, 2/3 a can of cheddar cheese, and most of your beans. + + + + +EDIT: Thank you all for the awards and the offers to bail me out financially. I don't need any money. I could have dug into my savings and eaten steak but I am trying to save my paychecks. Tortilla shells are indeed cheaper than tacos. And lastly I don't have enough recipes to make a cookbook. There's a subreddit for that. r/eatcheapandhealthy +A bit of background, we are not a rich family, low-middle class, my parents are very hard working people and they are modest, when they told me they are saving money for me I thought it will be about 10,000$ which is still a lot olike f money to start your life with. + +I am cautious in general, and especially with money, and for this reason my parents decided to share with me how much they saved me over the years. + +40,000$ + +Wow. They told me they plan to give it all to me the moment I turn 18, and I will be respssonsible to managea it, they told me that it is everything they saved for me and there is no "extra" money, but if I want and I don't feel ready they can give me just some of the money now and the rest later. + +When I told them I want to keep some of it for higher-education they told me I don't have to. Because they decided that they will pay for mine and each of my siblings education (I know that Reddit assume that everyone is from the U.S. but in my country it's a lot cheaper, a bit bellow 5000$ a year to study). + +I decided I want to invest some of it, how much do you think I should? Where? Do you think I should invest at all? + +I don't know what to do, I know that just letting it rest in the bank is an option but I feel like it isn't the best option. + +Any advice? + +Edit: +I decided to join a free course in the Open university, the syllabus include basically overview of everything +(from what is a stock to mutual fund, ETF, ETN, Debentures, Elliot wave principle, local stock market and international stock markets, Value Investing, options, risk assessment, IRAs, the psychology of investing...) + +Additionally I am going to read a few books that I saw recommended in different subreddits +(The Bogleheads' Guide to Investing, The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing, The Little Book of Behavioral Investing: How not to be your own worst enemy, The Little Book That Still Beats the Market, A Random Walk Down Wall Street, Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values Behind, One Up On Wall Street: How To Use What You Already Know To Make Money In The Market) + +Beside educating myself on how to be more financially adept, what else should I do? (I'm probably not going to start investing until I finish the course) +Also, with regards to getting your GME Control Number, Fidelity says to change your settings to email (instead of physical mail) and youll get them faster. + +. + +With regards to the new App, I was told that they are adding a bunch of features that have been requested. Hopefully this includes removing the restriction on Limit Orders and also includes Streaming quotes in the order preview screens; right now streaming quotes doesnt show in that screen which could be a big deal if a squeeze is going on with massive price fluctuations. For example, Don’t want to sell a share at $10,000,000 but by the time you finish filling everything out it’s down to like $8,000,000 + +. + +With regards to price halts: when the squeeze pops off, there will be many halts on the way up and also on the way down. This means im FOR SURE not selling for the first 3 days of hyperbolic price increase at least. VW squeeze lasted 4 days (with under 30% short) so GME will easily last more than 5 days with 200%+ short. So if I only sell on the way down, its going to be a few days before squeeze price peaks. +Rent is going up another 200+ dollars we are already in the cheapest apartments in the area. I tried to negotiate last year they told me to suck it up and if I didn't like it move elsewhere. My partner makes good money and while my salary is not great the benefits are really awesome. I feel lost and hopeless. We were digging ourselves out of this mess and now we are right back to it. Coworkers asked if we were expecting to get an inheritance anytime soon which feels fucked up. And the answer is no. +A little while ago, someone posted about their incredible (and incredibly risky and tenacious) journey from dropping out of school to making 6 figures as an engineer on a boat, and people whined all over the comments that “only able-bodied men” could *possibly* have that career opportunity. + +Now we have a woman posting about an incredible opportunity/program available to women—including non-binary and disabled women, immigrant women, and older women—and people are whining that men and those with a tech background are excluded from that program. + +No shit, Sherlock. Not everyone can qualify for EVERY job. That’s how jobs work. + +That doesn’t mean those aren’t genuinely great opportunities for people who ARE able qualify, or that they should be disparaged because they don’t happen to fit your specific demographic. It may be disappointing that you don’t qualify but don’t try and pull people down—find inspiration where you can and keep a look out for your own opportunities. It’s incredibly selfish to begrudge other people the ability to succeed (in a job, in a romantic relationship, in a hobby or talent) and only be able to wish someone well if they’re worse off than you, and you don’t expect them to do better. + +I see an awful lot of defeatist thinking here. People can’t possibly move for work/education opportunities due to limited finances although we see examples of people every day who move across entire countries with nothing to their name (if not in debt). People can’t improve their qualifications for a job because they have to work full time for a living—even though there are plenty of examples of people taking classes or apprenticing on top of working full time. Yes, you give up all your free time and your life is nothing but work & study for a few years, but it’s not impossible. + +No it’s not fair that so many other people don’t even have to consider these sacrifices, and are able to get a great education/career/etc without risking anything. That’s how it should be for everyone but it’s not. + +But refusing to do what you CAN because you think you shouldn’t have to—even if that’s true—is just insisting on failure and that’s baffling to me. + +It’s fine to say that you’re just not willing to put forth a certain amount of effort. The amount of work that is required of some of us to just get on the same footing as others is overwhelming and often beyond what any human should be expected to be willing to do. And that’s understandable. There have been things I passed on because I just felt it would take more than I was willing to give (or entail more discomfort than I was willing to bear) to do them. + +But we should know when we do this that these things are NOT “impossible” and that we are turning them down by choice. + +Some people will never be able to catch a break even if they try. But refusing difficult opportunities by insisting that no one can succeed is the best way to make sure you don’t. +I grew up in a trailer in a rural area, and was labeled trailer trash throughout my childhood. It always made me angry. And now I live in my own apartment all by myself. I pay my own bills. My place looks the way I want it to, and even though it’s a studio. It’s all mine. Younger me would be AMAZED. I feel like I’ve come so far. It’s been a lot of work. I just want to appreciate that I’ve made it this far. + +EDIT Update: Holy smokes! I didn’t expect so many people to read the post! I’m honestly so thankful for all of your support and responses. My heart is filled up. Thank you. +My best mate took his own life yesterday. My wife and I are godparents to his youngest son. We'd like to set up some sort of trust fund or education fund for him. Is there a recommended vehicle for this? Anything we should know? +It’s frustrating to think that the future of the internet is going to consist of advertisements disguised as actual helpful content. I've been researching if there are any platforms that are working on this issue at the moment as I believe blockchain technology could help us to move past this point and on to a more robust forthcoming internet. Can you guys recommend some blockchain-based projects or is there any projects that are focused on reducing the amount of garbage in my internet browsing experience? +Early this year, my daughter passed away suddenly. I don't think any financial situation would have prevented us from calling the $5k ambulance that in the end couldn't help, but having a healthy emergency fund was helpful over the following days; planning a funeral for your toddler is hard enough without having to worry about being able to pay for it and the incoming medical bills. + +&#x200B; + +Returning to work was difficult. I had been planning to begin aggressively searching for a new job, but knew I was no longer in a good mental place to be doing so. Commuting became psychologically stressful, as did any slow time in an office where sympathy dried up almost immediately after the initial donations card. I hated leaving my wife at home alone, and while remote work was entirely possible both with my employer and my job responsibilities, it was looked down on by my direct manager. In hindsight I should have burned all my PTO getting away from it for a bit, but I worried that that would simply leave me with no safety net from a job I hated more and more and in the end my biggest problem was unsolvable. If I had true "FU" money I'd likely have never gone back, and certainly wouldn't have stayed for long with how things went. I began receiving poor performance feedback, somewhat justified but also inconsistent. I think the decision was made long before I was actually fired but the song and dance had to happen first with constantly shifting goals that made it impossible to lock down much to defend myself with if I had even wanted to. Walking out for the last time ended up being freeing. Job-hunting isn't stress-free, but I'm less stressed now that we're living on our emergency fund and liquid assets than I was in that job. + +&#x200B; + +I hope none of you ever have to directly apply the lessons I've learned here, but in a more general sense, FI is about so much more than early retirement, though that used to be the main motivation for me. There are problems FI can't solve, but FI does give you space to focus on those problems without letting money be a distraction that prevents you from healing. Our FI situation could certainly be better, but we're stable enough that I can set those matters aside for a day and focus on my daughter's birthday or a random Tuesday that ends up being really hard. +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 had put aside \~£50k in the UK over the last couple of years to buy a house. + +However, due to COVID, my life circumstances have changed and I left the UK to temporarily relocate to Italy. + +I will probably relocate by next winter to Switzerland and I need to decide what to do with this money. + +I am not very knowledgeable when it comes to the market and investments, however, I do know that in Switzerland there is tax exemption on the stock market with only a minimum capital tax being applied. + +My question is, given that I would like that money not to be eaten by inflation or sitting still in my UK account, what options do I have? + +* Keep them in my UK bank account and invest there (what would be the benefit to keep them in the UK? What are tax implications if I am a Swiss resident). +* Transfer them to a Swiss bank account (will probably lose a \~£500 fee in the process if I move the money with TransferWise) + +I know these are really broad questions, but I would like to have an idea of where to move them, and then: + +&#x200B; + +* What to invest them into? I am risk-averse and haven't built up a pension pot yet (I am in my early 30s), happy to have that amount invested for 5-10 years, but would be helpful to be able to access it in case of extreme emergency. +* I would love to invest in a property, but from my initial understanding Swiss market is quite prohibitive and a lot of people never join the housing ladder and rent for life. +* Buying in Italy would be equally tricky as I wouldn't know the local market and not sure I want to get into that level of bureaucracy. +* Buying in UK at this point is out of the question as I would need a mortgage, which I wouldn't probably qualify for if I move out (also housing price is really inflated considering the quality of built). +I have worked in Spain (2.5 years), Sweden (2.5 years), Germany (7.5 years) and now I am moving back to Spain. Should I ask for my social security contributions in each country or should I let it be? +We all know that the fud media articles will only increase and hedge funds will use any fraudulent tactic they can find to + +A) discredit us and + +B) discredit GME/RC + +There have been multiple post about their tactics, how they work in order to spread their narrative and align it with significant price drops. The best way to be prepared is (in my opinion) to learn more about what could be coming at us next. + +**TLDR: The following post shows how a hedge fund managed to pay journalists (both were short on the stock) for fake articles that caused a companies share price to drop 50% and was followed by a class action lawsuit against the victim company- in which the hedge fund and the journalist were caught.** + +I started looking into lawsuits filed where the companies/management were accused of wrongdoing/market manipulation etc. (I know that there already was one (BCG) this is not about that lawsuit.) + +Looking into the "Go-To law firm" in these cases I found them: + +**Brabar Eagrl & Squire (you already know their google reviews from previous posts)** + +&#x200B; + +Next I found a class action law suit filed against a US company, it's management and shareholders in 2018. **It wasn't until May 2022 that the lawsuit was ended and until then it had cost the company millions in legal fees and the shareholders millions in share price!** + +&#x200B; + +https://preview.redd.it/507fr9o2xam91.png?width=1996&format=png&auto=webp&s=8c100885ca8c6f87154a1a44c0bc5a9cecd905e3 + +But why was the lawsuit filed? + +It was filed because of media articles (seeking alpha) that accused the company and the management of wrongdoing The journalist claimed that the company manipulated its publicly filed financial statements, misstated cash flows, its ability to cover its dividend, faced insolvency, and failed to properly disclosed purported related party transactions in the company’s audited financial statements and more. + +**After the article was published and widespread online and in print papers, the stock fell around 40% in one day(!)** + +&#x200B; + +https://preview.redd.it/hhtb1ch7xam91.png?width=1326&format=png&auto=webp&s=9a0395d52ca592d4a7c9b6efefd7ecc79564e6ff + +1st point: article was published, 2nd point lawsuit was filed + +The securities fraud class action lawsuit followed the article and was actively advertised in several financial newspapers and blogs. The companies shareholders and management were wildly discredited and the company share price plunged again over the next 6 months to around -50% of the pre article price. + +But the company fought back and what came to light is just blatant fraud and manipulation at the cost of fair companies and shareholders like you and I. + +[They filed a lawsuit against the journalist](https://www.courtlistener.com/docket/8341740/3/farmland-partners-inc-v-fortunae/). + +&#x200B; + +During the lawsuit it was **revealed that the journalist was paid by a Hedgefund to write these fraudulent articles and discredit the company because the hedge fund had a big short position (Sabrepoint Capital).** + +&#x200B; + +https://preview.redd.it/4mkvzjoaxam91.png?width=2096&format=png&auto=webp&s=812e0c01a72be60c491c25b63190fae505fa62f1 + +So did the journalist! and both profited of these, of course! He was paid 100k by the fund and he said that this fund was his biggest client and that he wrote several articles "in the funds interest". + +After this came out, Seeking Alpha had to publish a [statement](https://seekingalpha.com/instablog/47800059-rota-fortunae/5605955-mathews-settlement-press-release) by the journalist going by the name **Rota Fortunae.** + +Read it here and have your mind blown: + +&#x200B; + +https://preview.redd.it/3zdjy8dbxam91.png?width=2042&format=png&auto=webp&s=40f3c5568dac1869d54bb2869a1d95bf1c8d9130 + +&#x200B; + +This statement was posted in **June 2021** and it took until **April 2022** to get the lawsuit dismissed! + +&#x200B; + +>*“After nearly four years, this judgment on the merits should finally slam the door on the baseless attacks against our company, its leadership, and most importantly its shareholders,” said FPI Chairman and CEO Paul Pittman, who was named in the class action lawsuit.* +> +>“We were the target of short-sellers who knowingly published false information about our company to manipulate FPI’s stock price in order to earn large profits for themselves and at the expense of our shareholders,” he explained. “Even though we were successful in unmasking the perpetrators and the falsity of this blatantly manipulative scheme, we nevertheless have had to continue to defend the resulting class action lawsuit at significant corporate expense. We are thankful that the court rightly ruled in our favor and put an end to this frivolous litigation and its continuing cost to our shareholders.” + +**FPI is still pursuing litigation against the hedge fund that hired Mathews (until this day).** + +While the journalist paid back his "profits" from the manipulative trades and also paid back the profits his business partner made, **the hedge fund has not paid a single $ nor has the fund been investigated by the SEC or the DOJ!** + +It is still [very active](https://sec.report/CIK/0001731530) so are all its subsidiaries. + +&#x200B; + +https://preview.redd.it/0lbtwnodxam91.png?width=1872&format=png&auto=webp&s=363721958a44f668cbb8d07550d172566c4ca94d + +I believe that this is not even a big hedge fund, but seeing that it could cause this 4-year long frenzy and buying off the media for 100k shows, that we will be facing way worse! + +This is common practice, they know how to do it and they sure as hell WILL DO things like this. + +Something else I found in relation to this: + +&#x200B; + +https://preview.redd.it/yr54pmnexam91.png?width=1678&format=png&auto=webp&s=39bc899e8708c9a8480fbb12f51f36497475a693 + +Guess who was against any disclosure? + +&#x200B; + +https://preview.redd.it/8vgijajfxam91.png?width=1336&format=png&auto=webp&s=7b892678d5f0413e6d210c9fc57e0ca22382e3a8 + +**I hope this post was interesting to read and for anyone having info to add: please contact me and I'll be happy to add it. Especially if someone can connect this hedge fund or the journalist to GME!** + +&#x200B; + +(Note: this has absolutely nothing to do with that other company we don't wanna talk about. This post/research took a lot of time and effort and I don't want it to get deleted because of people starting to talk about that company in the comment section. This is solely about Hedgefunds short tactics and manipulation) + +I tried posting this three times, but it always showed as "deleted" immediately after. Then I realized that I had "left" the sub and had to join again. (I did not leave the sub! super weird) +First, I would like to thank [u/TNVET](https://www.reddit.com/user/TNVET/) for the idea of these updates. He is active in the leanfire community, and post his monthly breakdown. I thought not only would this be a great way to track my own retirement monthly, but some of you might find real life numbers from an actual retired investor interesting or helpful. + +Some might want to argue whether or not I am actually retired. I do no day to day work on the business. I have a property manager that handles everything, including handyman duties. I do still look for new investment opportunities, and decide on the game plan when I find one. This is the aspect of the business I find enjoyable, so don't really consider it work, but if you want to count that it will average out to maybe 5 - 10 hours each month. + +Okay, now for the numbers. + +Gross Rental income - $11,625 (no vacancies, but 3 coming up at the end of the month) + +Net rental income - $10,705 (this includes property manager fee and a few minor repairs...taxes will be accounted for when paid at the end of the year) + +No new purchases, No sales + +Hard money loan outstanding on a flip project in Los Angeles - $50,000 (project is complete, just waiting for it to sell) + +Monthly investment into Fundrise $2,000 (all returns are being reinvested) total return since opening account January 2018 is now 19.5% at end of quarter 2 2019 + +Monthly investment into Dividend Stock account $2000 https://m1.finance/agZC2s8I5 opened in January 2018, total Money weighted return 11.09% + +Monthly investment into Leveraged Stock account $2000 https://m1.finance/0QVys8PAH opened in July 2018, total money weighted return 3.97% + +Monthly investment into Money Market account $2000. Currently getting 2% interest. + +The balance will stay in the checking account to cover upcoming costs of turnover next month. + +Possible new investment [https://www.zillow.com/homedetails/2012-Moffett-S-Joplin-MO-64804/2083775094\_zpid/?](https://www.zillow.com/homedetails/2012-Moffett-S-Joplin-MO-64804/2083775094_zpid/?) + +I have an offer on the table for $26,000. Plan to spend about $5,000 on updating to all pex plumbing, $5000 on cosmetic updates which will include removing carpet, replace with vinyl plank flooring, strip wallpaper, texture walls and paint, replace some fixtures, replace broken windows, and a few other minor cosmetic fixes. It has a new roof as of 2017, so that won't need work, but I will need to address possible rain access through the chimney. Wiring is mostly updated, will need a few new outlets and covers. This could be turned into a duplex, but would need to add a second kitchen and decide how I want to handle the utilities. Projected monthly rent $1,000 - $1,100. This could be a good flip project, too. ARV would be in the $120,000 range. Of course this option would require more updates and upfront costs. I'll likely rent it first for a few years and then reconsider doing a final renovation for sell and cashing out depending on what the market does. + +Personal expenses for the month (everything except property taxes, which will be a one time expense when paid) I'm sure this is confusing for some people, but I'll explain the low numbers on personal spending. 1) I own my house outright 2) I own my cars outright and only carry liability insurance 3) I self insure for all other insurance 4) I'm just really frugal by nature which includes cooking at home, walking most places within a 3 mile radius, not going out often, etc + +$645 (Car insurance, gasoline for cars, cable, water, sewer, gas, electric, cell phone, food, entertainment, misc, one time shopping spree for clothes) + +The major one time expense for the month was my crazy trip to the mall which resulted in me taking advantage of several clearance sales. I do buy shoes every year, but I usually try to take care of my clothes so I have a minimum turnover. But I couldn't pass up on some of these deals, so ended up spending about $115 after tax. That was a pair of dress shoes ($10 on clearance $120 list), a pair of Doc Martin type boots( $20 on sale $80 list price), and a pair of extra rugged jogging shoes ($15 on clearance $90 list)...7 v neck moisture wicking t -shirts, ($2 each on clearance, $20 list price) 5 long sleeve shirts (2.99 each on clearance, $30 - $50 list), 3 pairs of jeans ( for $7.99 clearance $40 - $60 list) and two pair of sweat pants ($1.99 clearance $25 list). That is probably more clothes than I actually needed since I still have most of my old clothes, but what the hell, I was on a roll and living large. Probably won't buy any clothes/shoes the rest of the year. + +Grey area accounting. I am in the process of selling an old BMW. I have already purchased a truck for hauling things since I didn't already have one and I have way too many cars. When it all shakes out, I should be money ahead, so no accounting has been done on that this month. + +Okay, that it is. Let me know if you have any questions about any of this. I know this covers more than just real estate or personal finance, but hopefully members of multiple communities will find it useful. +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! ✌🏽😊 +Recently came into 55k that I'd like to use the wheel method on. Having a hard time figuring out what a good rate of return is on CCPs and been reading a bunch into this sub. + +Note: I actually started with 63k but lost 8k day trading so I'm done with that shit lol + +Thanks. +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've been curating some of the most upvoted asx\_bets due diligence/ stock analysis posts typically 1-2 times each week for the past 6 months. The following is what I've found from 6 months of doing this (and calculating returns from the post to today's date). + +**Methodology** + +* 77 Reddit posts were [curated](https://thehypetrain.substack.com/p/hype-train-50-reddit-research-or) including some bullish and some bearish (probably more bullish but sentiment hasn't been taken into consideration) +* All posts were amongst the most upvoted due diligence/ stock research posts on Reddit (r/asx\_bets) within the week they were posted +* Performance is calculated as performance from day posted on Reddit to today’s date (29/4/21) + + +**Number of upvotes vs. stock performance** + +* There doesn’t seem to be a meaningful correlation between number of Reddit post upvotes and stock returns as shown below: + +https://preview.redd.it/2jmqfrrv64w61.png?width=406&format=png&auto=webp&s=87f135dbfe3873b77a173e726445cd122cf90cbe + +**Date of posting vs. performance** + +* Returns seem to become more extreme as time goes on from the post date +* No periods of high success posts identified + + +https://preview.redd.it/3wshfruz64w61.png?width=415&format=png&auto=webp&s=1b04d8ca070e55b880b530385061cc067257be1a + +**Highest returning stock due diligence/ research posts to date** + +* 🥇 [DW8 and why you should own it](https://www.reddit.com/r/ASX_Bets/comments/lk4r65/dw8_and_why_you_should_own_it/) (u/shadowpheonix2) **+ 133%** +* 🥈 [DOU - Douugh DD](https://www.reddit.com/r/ASX_Bets/comments/j5yx5l/dou_douugh_dd/) (u/itsdankreddit) **+ 129%** +* 🥉 [ASX:IHL Incannex Healthcare Biotech/Medicinal Cannabis](https://www.reddit.com/r/ASX_Bets/comments/jz5jm8/asxihl_incannex_healthcare_biotechmedicinal/) (u/Exalted\_HC) + **123%** +* [FLN DD](https://www.reddit.com/r/ASX_Bets/comments/k7po95/fln_dd_now_we_can_start_paying_others_in_3rd/) (u/ramzataztaz) **+ 92%** +* [RLT DD](https://www.reddit.com/r/ASX_Bets/comments/kz366s/rlt_dd/) (u/potato\_monster1998) **+ 66%** + + +**Lowest returning due diligence to date** + +* 😢 [Emerge Gaming (ASX:EM1) - A Final Word](https://www.reddit.com/r/ASX_Bets/comments/k9k7mh/emerge_gaming_asxem1_a_final_word/) (u/neke86) **-64%** (actually had a relatively bearish sentiment) + + +**TLDR:** Given the variability of returns we see above, r/asx_bets really does seem like the ASX casino. Further analysis should investigate (1) sentiment of posts and (2) quality of the post vs. return. + +Hats off to u/shadowpheonix2, u/itsdankreddit, u/Exalted_HC and u/ramzataztaz for your performance. Also pretty solid DD it turns out from u/neke86. + +Obviously there's many limitations with this analysis... however it's cool to see how some of these DD posts have actually performed since being posted. +21M, work in the military, just hearing from the older crowd how much easier it was back in the day just makes me worry more about how I'm not going to be able to do similar things, it's not even in regards to when they did it at their age but if I'm ever going to be able to do it. Example being my car that I bought in 2019 for 9.5 is now currently going up for around 14-15k (it's counterparts on fb marketplace and carsales), while I'd be happy about this, it just makes me think its just inflation. + +It feels like more pressure than anything and the whole +Buying a house, marriage and retiring seems to be harder than ever to acquire. +There's no question that what just happened with the DAO is the Mt. Gox moment for Ethereum. Yet less than 2 hours later, V Buterin & Team have identified the lost funds, we discover they already had a built-in a 27 day hold in as a safeguard, a softfork will lock them permanently from the thief's access, and they have a solution to reverse all the losses back to users. + +Not bad :) One thing is for sure - this will get Press/Media attention. The distinction between a Mt Gox failure and an Ethereum Solution/Success will be the angle. Good for Ethereum. + +Also - this was NEEDED!!!! Smart Contracts are new, and people don't understand the ramifications. This was a healthy wake up moment. Now things will proceed, but with more certainty, more safeguards, more awareness. + +And ETH is shooting back up erasing gains relatively quickly. All in all a good day and a great buying opportunity for some. Thats my take :) + +Congrats VB & Team! Thanks for protecting the flock :) + +Peace, +- david + +EDIT: typo corrections +In light of all of the I paid off debt, bought a car, two chicks at the same time type of posts when people cash out.....I thought I would share my two cents. I work for a financial company. + +**Low cost fixed income mutual funds:** +You could pull your cash out and put it into low cost fixed income mutual funds. If you are lucky, your state (USA) will offer state and federally tax free funds that pay a monthly dividend. You could use this money to live off of, or keep it set to reinvest so you can benefit from compound dividend growth. I did the math on a couple of them and on a million dollars for instance, you would get about 40-50,000 USD per year tax free. The yield on a mid risk long term fund is about 2.5 - 3.5% right now. The risk being, since higher yields tend to be comprised of long term fixed income stuff, rising interest rates aren't the best unless you can afford to leave it parked for extended periods of time (years). If you can, you should recoup your principal and you will have earned income. Generally speaking, fixed income (bonds) are for folks who want less risk, less capital growth, and somewhat predictable income. Excellent for a low risk highly tax conscious person. + +**Low cost stock funds:** +Get broad exposure to the stock market with something like a total market or S&P 500 fund. The expense ratio on one of these passive index funds should be like .05%, don't pay more. I wouldn't recommend diversifying into active funds or other sector funds since the cost is higher and on a long enough timeline its very difficult for an active fund to beat an index, and most of them don't if we are talking the S&P. 1 million invested a year ago into the S&P 500 would have made you about $180,000 but the risk of correction is higher and the amplitude is going to be magnified vs fixed income stuff unless its high yield bond based. You would have capital appreciation and dividends would be either annual or quarterly with a stock fund. + +**HODL:** +This might make sense if you can live off of the staking gains but there isn't enough information to measure this out yet in the real world. The idea would be to keep your coins staked, earning ETH as staking income. Sell this ETH, live off the income. Again, time will tell if this makes sense. + +**Property:** +I like this idea, either flipping after fixing up or renting. Plenty on the net about this. What I do not love about this option is how you are subject to the market risk of downturns in housing prices. So you could buy a distressed property for a good deal only to find that the market comes undone and you owe more than its worth, even renovated. + +Before doing these things, I would pay off any debt, learn how to fix your car, buy a reliable one, and take the reigns of life. + +Looking forward to other ideas so share em away! +Since we are from all over the world, I want to know how much you need to actually change your life? + +I'm from the most expensive city on earth, Zurich Switzerland. I need at least half a million swiss Francs (600k USD) to buy a house with 20% down. +Median house price in Zurich is 3.2 million. + +Really life changing for me would be 1+ million. +I just recently graduated university, and my grandparents surprised me with an incredibly generous check as a graduation gift. + +It’s just enough to pay off my student loans completely, but I’m not sure just dumping all the money to pay for my student loans is actually the smart/responsible choice. + +I have an engineering job lined up that pays well, and would allow me to pay a portion my student loans over time, even with the interest. In my mind, this potentially frees up some, or all of the graduation gift to be used in a way that makes it grow. + +I’ve heard of high-interest savings accounts, and some investment options, but I’m curious what my good options are. I don’t want to waste or risk losing the money, but I want to be smart about this. + +With the student loan payment/interest pause ending in august, I’m also curious is any debt cancellation might occur soon, and if it’s worth holding out to see what happens? + +What should I do here, and what are my options? My partner also brought up that this amount of money could be a down payment on a modest house, and I’m curious if holding out for the bubble to pop and using it for that is a good option. +I work for a company in the CBD. Most of my coworkers eat out for lunch every day. Dinner is mostly Uber eats/ getting stuff outside. On Friday I met up with some other people from other companies and they said the same. + +Do young professionals not cook anymore? How do they afford such a lifestyle? + +Edit: Would just like to be clarify that cooking for yourself doesn’t have to mean you cook every night. I cook 2x a week in bulk. +At the end of my interview today, they asked me what my salary expectations were. If I threw a number too low, I'd lose money. A number too high, they'd move on with the next candidate. Instead, I told the recruiter, "I'm very flexible when it comes to salary requirements. What has your organization budgeted for this role?" She told me that was a great question and gave me a range. + +I learned this off PF, thanks yall. + + +Edit; + +Some users have brought up other ways, I highly recommend reading it below. +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! +It is a beat of expectations, but it's hard to tell where the stock will go with the influx of positive and negative news today. +[https://www.cnbc.com/2020/10/02/tesla-tsla-q3-2020-vehicle-delivery-and-production-numbers.html](https://www.cnbc.com/2020/10/02/tesla-tsla-q3-2020-vehicle-delivery-and-production-numbers.html) +A lot of people are rooting for big exhanges like Binance and Kraken to freeze Russian people's crypto account. + +This is plain bullshit. If you're rooting for this then you have no single fucking idea what crypto actually is. + +Crypto = Freedom. + +Freezing a specific country's citizens account because of their dictator president decided to go for a war is bullshit. + +There are millions of people in Russia who don't want a war and hate Putin. You can't hold those people accountable because of their dcitator president's decisions. + +Crypto is for the people. Crypto is Freedom. No matter what. + +P.s. Fuck Putin +(I‘m not native English, so, sorry for my possibly bad English) + +I am holding a nice bunch of BTC for more than four years now, made for example this https://www.youtube.com/watch?v=_mTI2yHemEY& and this https://www.youtube.com/watch?v=TrB62cPPNxc& + +I want to share my thoughts on ethereum. + +At the end of 2012 I put one third of my monthly income into BTC. I read about it what I could – and was overwhelmed by the possibilities. 4 months later, as the price suddenly increased far more than tenfold, I thought: „it will possibly go higher“ - and held on it. + +The bubble popped, but I held. Seven months later, in november 2013, the price of BTC 10folded again. I thought: „Yes, nice, now I own nearly a two years income in BTC, the bubble will possibly pop, but bitcoin ist strong, one day it will go even higher!“ I didn‘t sell a bit. I held on it. A long, bearish phase followed, price went down 80 percent, but at NO TIME I ever doubted the succsess of bitcoin. + +In 2014 I noticed the ethereum project. The videos of this crazy skinny guy seemed to be a well made scam. I didn‘t research on it because I already lost some BTC with Ripple. + +But: months later I noticed, that the guys where really develloping something, I changed my mind and wanted to buy ether – what wasn‘t yet possible at this time. + +When ethereum went to the exchanges, I bought around 1400 ETH for 6 BTC (0.004 BTC/ETH) +shortly later, I sold everything for 0,014 >> made 19 BTC from 6 BTC. + +Bought again more at 0.017 and sold everything at 0.03 - ETH helped me to get more BTC. + +But I didn‘t feel well without any ETH, so I bought back a bit at 0.02 – just in case... + +I felt REALLY well when Bitcoin rose in 2016 – exactly as I always predicted. I had about 90% in BTC, 5% in ETH and another 5% in other Alts. + +Linked to the BTC community I was up to date about everything in BTC and some alts – but had no idea about ethereums next steps (Raiden and so on). I was enerved by the „block size debate“ but thought: „Noone has a chance to beat BTC, it‘s kind of to big to fail“ + +BUT: in february 2017 I realized that the ETH price was like on a bottom. I could effort to put around 15% of my BTC into ETH again at 0.0125 („Not more, because Bitcoin is more important...“). + +Wow, suddenly ETH rose again. Again ETH was able to increase my BTC stash – but this time signifcantly. + +That was the first time, that I doubted on BTC. + +Suddenly there was this BTC-fork-document, published by the exchanges. I realised: when Bitcoin forks, this is gonna be bad news. I sold 20% of my BTC for FIAT (to pay back a (not sooo big) houseloan). And I put a little more into ETH. + +ETH rose even more. + + And then I stood there: 50% BTC 50% ETH. I didn‘t know anything yet about Raiden, about Ethereum Enterprise, about BAT, didn‘t know about all this cool stuff that is going to come to ethereum. + +So, what should I do? + +I decided to sell all of all of my: BTC for ETH. + +Yes: this was not the perfect time to buy ETH (0.042). Yes, ETH is likely to go down under 0.03 again. And yes: Bitcoin is rising right now. + +BUT: I really do feel better hodling ETH rather than BTC now. + +Why? + +I my opinion the BTC core devs have broken the contract with the community because they forced a split inside the community. They could have a strong united community- if they would have hardforked with a bigger blocksize + segwit. But: THEY want to decide what is best for bitcoin. And they seem to have an arrogant attitude, showing, that THEY control the code. + +I don‘t like that attitude. + +And so I flippened to ETH. + +AFTER this I read about Raiden, about BAT, about „Mid April“ :-) - and was so sure that I did the right thing. + +And you know what? Talking about ethereum to a strong Bitcoin hodler is like talking about Bitcoin to a Banker in Mid 2013. They don‘t know anything. + +Yes: ETH has no supply cap (yet). BUT: I assume, that demand for ethereum will be MUCH higher than demand for Bitcoin in future. + +Yes, ETH had it‘s high at 53 USD (0.058 BTC) and is decreasing. BUT: believe me, ETH will make a new ATH some day. + +Yes, maybe BTC doubles again to 2000 USD. BUT: The next ETH ATH will be above 0.058 BTC. + +And while I can tell you 5 cool things, that will happen with ETH withing the next months, I can tell you only one uncool thing about BTC: the scalability/fork/core-vs-bu debate. + +That is, why I feel better hodling ETH now rather than Bitcoin. + +I loved Bitcoin, but sometimes it is necessary to be more realistic. + +Having this discussion with someone below, but Home Ec (now FSC) was demonized by the women’s lib movements in the 1960’s and 70’s. Dismiss the notions that home ec is “women’s work”. Home Ec is real life skills. Not only do modern home ec classes teach budgeting and finance, but they now include lessons on how to change a tire, nutrition and relationship communication. + +The world isn’t all about STEM. We are creating too much of an even or society…you’re STEM or not successful. Capable, successful humans come in all shapes and sizes. + +Here is an NPR discussion on it. + +https://www.npr.org/sections/thesalt/2018/06/14/618329461/despite-a-revamped-focus-on-real-life-skills-home-ec-classes-fade-away +With most of us being more than a month into lockdown, I was wondering what quarantine realizations you made that you'll take with you after the virus passes. Here are my top 3: + +* You can't buy health. Covid19 happens to disproportionately affect people with some preexisting conditions. Although there are some preexisting conditions you can't prevent, the pandemic gave me perspective on making sure I take my health seriously and prevent any preventable disease in my power. + +* It's important to have a comfortable living environment. In an uncertain time, it's nice to be able to control your home so you can be the most comfortable. My SO and I rearranged a lot of stuff to make sure our home was organized the way we wanted and our home offices were set up. It would be nice if we had an extra room or a yard. Maybe that's something to keep in mind for the next place. + +* Outsourcing home labor can be a luxury, but it could be a liability if everything changes. I hadn't gotten used to a cleaner, childcare, cooks, trainers, etc, but I could see how this would have been a tough transition for those who relied on these people to help them through life. If I hire these people in the future, I think I won't take them for granted as something that will always be there and plan for my lifestyle inflation doesn't get too big that I wouldn't be able to function if they were taken away. + +What are yours? +I wonder if he can say these words and a central bankster can drink a glass of water at the same time? He speaks like a captured man. + +Key quote: *“We layered over our digital money system about 40 years ago with money laundering and various sanctions and regimes around the globe; we layered that over a digital currency system called our banking system,” Gensler said. “In 2008, Satoshi Nakamoto wrote this paper in part as a reaction, an off-the-grid type of approach. It’s not surprising that there’s some competition that you and I don’t support but that’s trying to undermine that worldwide."consensus.”* + +[https://bitcoinmagazine.com/business/bitcoin-competes-with-the-us-banking-system-says-sec-chairman](https://bitcoinmagazine.com/business/bitcoin-competes-with-the-us-banking-system-says-sec-chairman) + +BTW, Gensler can't have it both ways, allowing a futures ETF, but drawing a line at Spot ETFs. Futures helps The Establishment Wall Street Traders manipulate the market, so he can't turn around and say "I need protections for the little guy!" when he's only taking care of the Wall Street players. + +He'd have some credibility if he didn't allow any ETFs, but he has picked sides, picked winners and losers, and he's on the wrong side of history. He's manipulating the system for Wall Street, not looking out for the average investor. He reeks of corruption. + +And him calling the USD an asset is a joke! Either he thinks you're an idiot, and don't know the difference between currencies and assets, or he's a corrupt liar. Pick one. +Times will be referenced U.S. Eastern Time. Time frame is between 02/16 @ 12:01am and 02/19 @ 11:59pm. + +[View Poll](https://www.reddit.com/poll/st4y5p) + losing investor saying `` We also missed this train '' Don't miss it now ❗️ + +⭐️ Five reasons for smart investors ⭐️ + +1️. Mutual agreement news with hotels, casinos and tourism agencies including usage areas + +2️. Strong team of engineers and marketers + +3️. Original and comprehensive whitepaper + +4️. Mobile app + +5️. Half of the total supply will remain locked for 5 years and very few Teb Token will circulate + +What's Teb Protocol ? + +Teb protocol aims to create a system where users can benefit from discounts and special privileges thanks to the mobile application that will be created with tourism agencies, hotels, airline companies and casinos. + +For use in hotel reservations, flight tickets and casino expenses all over the world. Teb Protocol , which has already distinguished its place among the most powerful coins in Binance Smart Chain , carries out strategies to maximize the satisfaction of its investors and users with the smart contract it creates. + +🟡 Token Information 🟡 + +Name / Symbol : TEB Protocol / TEB + +Total Supply : 1.000.000.000 + +Type : BEP20 + +🔥 İnitial Burn + +📱 Mobile App + +✅ Coingecko / CoinMarketCap + +🎯 Coinsniper + +🎯 Coinhunter + +ℹ️ Links: Telegram Group : https://t.me/tebprotocol + +Telegram Announcement : https://t.me/tebprotocolannouncement + +Twitter : https://twitter.com/tebprotocol + +Web : https://www.tebprotocol.com/ + +*DYOR ( DO YOUR OWN RESOURCHES)* +Things to keep in mind for tax filing season (with clarifications edit: fixed to record some easy updates). + +1. You have to file federal taxes if you make enough money that you have tax liability, which is generally over about $12,200 gross for regular employment, and only $400 if you are self-employed. You want to file even if made less than this much in order to get back any taxes you had withheld. + +2. Even if you are a dependent on your parents' tax return, you still file your own taxes (or not, if you don't need to); you never file "on your parents' return." The only time more than one person can be on the same return is a married couple filing jointly. + +3. If your state has income taxes, which over forty states do, then you also file with them. Those are two different processes that are largely duplicative, but slightly different rules. If you lived or worked in more than one state during the year, you might have to file in more than one state. Some people also have local taxes, how fun is that? + +4. You never have to pay a fee to file taxes. Most people can file taxes online for free with various web sites if they want to do that, see e.g. the IRS free file program website and other free services, but you can always just file on paper, too. (You laugh, but that's how I do my state taxes.) + +5. Even though you can file your taxes now, be sure you have all the documentation for all your income before you file. You don't want to have to go back and amend your return because you forgot about that other W2 you had months ago, or you forget to include your bank interest or brokerage tax information. + +6. You are supposed to report all your compensation income, even if it was just some part-time gig somewhere, or you got paid under the table. Gifts, loans and most scholarships are not taxable income. + +7. The money you get back is a refund of any excess taxes withheld. (Sometimes there are also refundable credits that increase your refund.) That was money you earned but didn't get yet. Getting a big refund means you didn't get a lot of money yet, generally speaking. You may want to adjust your withholding if you want to get your money sooner but that's up to you. + +8. If you didn't have enough taxes withheld, you need to pay the balance due by April 15th. You can get a payment plan if you need to. If this describes you, then you absolutely need to file because you can accrue significant penalties for not filing and not paying. You should also make sure you have enough withheld going forward. + +9. If you are married, filing jointly will probably save you money vs. filing separately, unless you have a special situation such as income-based student loans. Try computing both ways to see which is better for you. If you are not married, then getting married probably won't change your taxes very much for better or worse unless you have really disparate incomes (and it will help then.) + +10. (rewritten for clarity) Ignore any purported "refund" values shown by a tax program / calculator while you enter parts of your income. You may see a big refund for your W2 that goes away following your spouse's W2, or your second W2. That's an artifact of how the calculation works, and doesn't mean anybody did anything wrong regarding withholdings. Wait to see the final numbers. + +Feel free to ask questions if you are new to this. +Posting on a throwaway account for anonymity. I've noticed a lot of turning ones nose to Private Wealth Management (PWM) on this sub. I wanted to provide an outlet for users to ask questions and clear up misconceptions as I really think its a misunderstood service here. I find it curious to contrast what I've read here ("don't use a wealth manager, its just another layer of fees") vs actual clients experiences with us. + +By way of background I work on the investments side of a multi-family office (minimum: \~$20MM). The way I would describe us is essentially a co-op owned by our clients for our clients. We and other family office outfits tend to provide full service offerings (estate planning, tax, investment, trust servicing, bill pay, financial education, handling multiple generations of a family, etc). + +Each family office, multi-family office etc have their own stripes, but I can speak towards general practice within the space. + +Mods if this is not appropriate, please feel free to remove. +&#x200B; + +https://preview.redd.it/xqzexi23erq71.jpg?width=720&format=pjpg&auto=webp&s=e039e0f4c6cfde554091c7cd945f4ed44b3ee60a + +# + +# MOASS-a-Meter: No precise target, just up! + +Congratulations to today's winner - u/OneTrip7662 (verified with screenshot) + +Thank you to all the apes who have been spreading the word by tagging me and commenting everywhere asking to share account numbers. + +Since it has not definitively been proven that CS account numbers increase one by one (they could skip numbers in between) don’t assume that MOASS will happen on a specific account number. As the legend himself said “No precise target, just up!” + +&#x200B; + +\*\*\*\*\*\*\*\*\*\*\*\* + +**# of Shares/Account to Own the Float (67.5M): 176!!** (assumes sequential account numbering) + +\# of Accounts: 343K!!! (high score minus 40K) + +New Accounts (since last update): 24K + +**Disclaimer:** This is not financial advice (nor any advice at all). I’m also not asking you do to anything other than to do your own due diligence and decide for yourself. + +&#x200B; + +# What’s the MOASS-a-Meter and where can I find my account number? + +Read all about it [here](https://www.reddit.com/r/Superstonk/comments/pxn6kq/cs_moassameter_new_high_score_needed_928/). Then join the party and share your CS account number once you have it in this format (12X,XXX), along with the date of purchase/transfer. + +&#x200B; + +# READY FOR MORE CONFIRMATION BIAS??? + +Fidelity also uses sequential numbering for their DRS transfers. Credit u/BMWi8Driver. Apes tested it by transferring multiple times today. Sure as shit, the last 4 digits grow sequentially and u/BMWi8Driver was told the last 4 digits are the day’s count of transfer outs. + +&#x200B; + +**What does this mean?** + +It means around 2000 apes transferred out of Fidelity today. Caveat: Not all of them are GME. Apes tested by DRSing other stock to CS and it followed the same confirmation number sequence. BUT, Fidelity reps assume GME before apes even mention it, so presumably the vast majority of these transfers are for GME. + +This supports the daily increases in CS account numbers. If there are 2000 Fidelity transfers daily, and Fidelity is one of many brokerages (Vanguard, TDA, Ameritrade, IBKR, etc.) then the CS account numbers increasing by 10 - 20K daily makes sense! Doesn’t prove that CS account numbers increase one by one, but if it walks like a duck, talks like a duck… + +Theoretically, an ape could call Fidelity daily near the end of business hours, transfer 1 GME stock, and get a tally of that day’s transfers… wonder if any of the other brokers use a similar system for their confirmation numbers. + +&#x200B; + +&#x200B; + +# Other News: + +If you can’t find your CS account number because you don’t have any documents yet, but you have access to your CS account online, there’s a backdoor way to get your account number: Portfolio>GME>View Details>Actions>Transfer (credit u/OneTrip7662) + +Two apes have received account numbers that are 8 apart. Hmm... wrinkles needed please. + +Several apes, u/criand included, have commented that the float should be 67.5M (everything other than RCs shares) so I have updated that. But please remember - calculating average number of shares per account needed for the float has lots of assumptions. So for the third time: No precise target, just up! + +That’s all for now. + +Until next time, GMErica! + + +El Salvador, the only country in which bitcoin is a legal tender, is going to build an entire city based on the largest cryptocurrency, President Nayib Bukele said in a Saturday night presentation at Bitcoin Week in El Salvador. + +“Bitcoin City” will be located along the Gulf of Fonseca near a volcano. The government plans on locating a power plant by the volcano to provide energy for both the city and bitcoin mining, the president said. + +According to Bukele, Bitcoin City will be a full-fledged metropolis with residential and commercial areas, restaurants, an airport as well as a port and rail service. The city will be laid out in a circle (like a coin) and in the city center will be a plaza that will be host to a huge bitcoin symbol. The city will have no income, property, capital gains or payroll taxes. + +Bukele also said El Salvador plans on issuing $1 billion US “bitcoin bond,” a tokenized financial instrument developed by Blockstream, on the Liquid Network. Of that amount, $500 million will be used to help construct needed energy and bitcoin mining infrastructure and $500 million to buy even more bitcoin. At the cryptocurrency’s recent trading price of about $59,000, that would bring the country’s treasury stash to just under 2,000 bitcoins. + +&#x200B; + +[https://www.coindesk.com/business/2021/11/21/el-salvador-to-create-bitcoin-city-use-500m-of-planned-1b-bond-offering-to-buy-more-crypto/](https://www.coindesk.com/business/2021/11/21/el-salvador-to-create-bitcoin-city-use-500m-of-planned-1b-bond-offering-to-buy-more-crypto/) +Hey retards, I missed you all. Glad to be back online after my year long hiatus. I've been to rehab, I've lost custody of my kids, lost my house. However I still found a way to play. I've been shoulder to shoulder with all of you through this mess. I've been hammering way OTM weekly calls in volume. This is the most fun I've ever had. + +Through the madness of this past week of trading I've managed to claw my way back from oblivion. $GME has done a couple 10 baggers for me this week alone. I love you all and I'm happy to see you all again. So many new faces. I'm proud of each and every one of you. + +I'm currently holding about $50,000 in calls on $SLV ..and $15,000 in OTM weeklies on $GME. Rookie numbers I know, but I just got my legs back. I'll be running again in no time. + +LETS FUCKING GO! GAMMA SQUEEZE UNTIL THEY BEG FOR MERCY! + +EDIT: Thank you for the outpouring of love and support, It is actually giving me goosebumps reading through the comments. I feel like I just came home. I'm going to bed but I'll try to keep up and respond to everyone. God speed and have a BEAUTIFUL FUCKING FRIDAY! + +EDIT #2: I didn't think this post would blow up like it did, I don't have the time to go through every post and thank you all individually while deep dicking the market with OTM calls so just know that if you post here I can promise you I read your words and took them to heart. + + +EDIT #3: I literally cannot smoke enough weed to calm down right now. I feel like I have rocket fuel in my blood. + +Closing thoughts: My calls on $SLV (Ishares silver trust) are going to be the biggest fuck you to the entire banking sector when Precious metals squeeze and bring down fucking JPM and all the fucking twats who are trying to hide inflation behind the curtains while they raid your fucking pockets. FUCK THOSE FAT CAT MOTHER FUCKERS + +***None of this is investment advice. This is my own personal commentary and opinions on the fucked up state of the market.*** + +https://preview.redd.it/jtff068f2ae61.jpg?width=828&format=pjpg&auto=webp&s=7b63bf21b7082ce17d83ff3aba7eab84ca2e3f81 +Seen through a different lens this price suppression is excellent news and super bullish. They have no other levers to pull. The fud has no effect. There’s almost no chance of profit taking from the majority of shareholders even if this thing runs up 100%, 200%, 300% from current sp. There are literally no other weapons left in the enemy’s arsenal except for continued, predictable, you could set your watch to it price suppression through shorting. + +And not that anybody on this site needs any convincing but why on earth would they continue to do that day after day unless a significantly higher sp spells doom for them? +I've been seeing a lot of investors try to sell their training course. I am a skeptical person in general but I still try to give everyone benefit of the doubt. Have you ever paid for a real estate seminars that was actually worth it? +I'm 19 years old and live in London, UK. Some time within the next year I'll have to move out of my family house to live with my boyfriend. + +I have a trustfund of roughly £160k with which I've been recommended to take out a mortgage for a flat with, but I don't know the process of this or whether this is a financially good idea. This will also have to be in or around London due to my education not finishing for another 2 years which I'm aware is more costly. + +My boyfriend is in fulltime education and not in a situation where he can work so all costs will fall to me. I'm in college part time and currently work 2 part time jobs which net me roughly £800 a month. + +Are there any good resources or advice people can give me for my situation? Any help would be greatly appreciated. +Like most of you I read the post « Attention Superstonk » from the mods. I fully understand the point of view of Reddit Admins and I really appreciate the professionalism and dedication of the mods. + +Unfortunately, bad actors could easily get Superstonk banned/nuked in less than 24h anytime from now by impersonating r/superstonk users and intentionally breaking the reddit admins rules. Seing the dedicated level of fuckery from the bad actors, why would they not try that? And they will hit at our worst time to create mass panic. + +Better be safe than sorry, I think it’s time to set up an official Mastodon server for Superstonk as a Plan B, it will be an ark of Noah just in case. + +A lot of nice apes try to make one, there are now multiple unofficial superstonk. + +I think it should be made by the mods and pinned as the official mastodon for our community (I also feel bad to ask mods more work, they already do an incredible job). + +Or we could designate an already existing Mastodon superstonk server as the official one but this introduce more risks than the mods making the official one. + +Worst case scenario: a few hours wasted setting up the servers +Best case scenario: it’s the ark of Noah and limit mass panic incase r/Superstonk is nuked + +Feel free to talk about it but seriously I see it coming, they will nuked the sub (speculation of course) + +Edit : TL;DRS : +The subreddit r/superstonk is now vulnerable and bad actors could now get it banned instantly from now, setting up an official Mastodon server by the mods would allow us to considerably mitigate this vulnerability and to have a Plan B. Being 100% dependent on Reddit is a risk that bad actors will exploit (if I was them with the same ill intentions). +I'm basically wondering if anyone has their own experience to back up the claims online that it's not taxed in Portugal & is not going to be anytime soon. Also, was wondering, how soon after you move (or what you need to do to become a tax resident if you're out of work) can you sell your crypto in order not to incur a taxation event in your previous country of residence. +thanks. + +Edit: I concur with the automod, just posted and already got 2 bots messaging me about crypto lol +***EDIT2:*** *(Possibly/Possibly-Not Tinfoil) Shower Thought: Is this when Computershare put in today's bulk order for DRS'd GME? If this isn't tinfoil, are we watching the Plunge Protection Team fight DRS'd shares of the only idiosyncratic security on the market?* + +***EDIT1:*** *Does anyone know what the signal is that feeds charts out across all tracking apps & sites? And who is responsible for feeding it out (and has ability to cut if off)? If we could ID those things, maybe there's a way to watch for when the signal is up & when it's down, which could be a very telling indicator in and of itself... Knowing these pieces of info could also create an incredible opportunity to shine the bright light of accountability on this bullshit by encouraging key entities to sit up and answer for it every time it happens, the same way following the money back up to its source brings shady shit to light.* + +# = = = = = = = = = = = = = + +***\[ORIGINAL POST STARTS HERE:\]*** + +&#x200B; + +* Right when GME is going on a *just-up* 6% run, and charts across the market are unavailable... +* The S&P 500 has massive 3.474 Billion spike, then drops to 711.1 right as the chart comes back +* BUT...the S&P 500 Daily Average jumps from 3.573B to 3.614B ***and stays there?*** + +# Ok...I'm no quant, but I can tell you this with certainty: + +# Daily Average Volume DOES NOT GO UP BY 41 MILLION ON A FUCKING VOLUME DROP OF 2.7629 BILLION + +**HERE'S THE VIDEO:** + +https://reddit.com/link/t9l129/video/lcwtegxhq6m81/player + +# Here's the very moment the volume was changing back to 711.1 Million, as the chart magically becomes available again: + +[3.474 Billion volume spike still fading as 711.1 Million volume \\"correction\\" fades in ;\)](https://preview.redd.it/v9pl1o5mq6m81.png?width=1832&format=png&auto=webp&s=f43322d3751d190ba56555a813207598337be66b) +I just found out my friend, who got a job as a janitor at a very good, very expensive college, will have free tuition for his kids if they get in. That amounts to $200k per 4 year degree. +With rates sky rocketing recently and noticing a lot of house listings have reduced their listing prices over the last couple weeks? I’m thinking the market is finally slowing down. + +Thoughts?? +I plan on moving into a house for college next year and I am wondering if it would be a wise investment to buy a house and rent rooms or better to just rent a house someone else owns. The average rent is a little under $1000. Also wondering what I should be looking for in a home if I plan on buying. Also if you have real estate related questions can I ask them in this reddit? I have a rental idea specific to colleges that I think would do well that I haven't seen done before. + +Edit: My college is paid off. + +&#x200B; + +Edit: I have been exploring things for sale there is a 11 Unit- apartments and office space for 155,000 could definitely use some reno and is 6 minutes away from the college in the town. Is something like this a good investment? (Probably a scam lol) +My 7th grader is in an academic position where he'd be a likely candidate to be accepted to the best boarding schools in the country (Andover, Exeter, Choate, Hotchkiss, Groton). My wife is completely opposed and thinks that having them away from home for high school would be more damaging than any benefits. I think going to one of those schools would open a lot of opportunities for their future success. + +Does anyone here have experience with sending their kid to an elite boarding school for high school? What was it like? +Because the buyer didn’t want to exercise their option. It really is that simple. It’s not that deep + +Edit: gotta love that every thread turns into an intellectual dick measuring contest. “AckShulLy” +Help me understand, why some 3 bedrooms 1400sq feet go for $500K? Am I missing something? + +For ex: +https://www.zillow.com/homedetails/65-Monroe-Ave-UNIT-4112-Chicago-IL-60603/126265477_zpid/ + +And it’s not the only one, there are a lot like these. +Hi guys! Most people on here recommend the Vanguard FTSE Global All cap index, but I’m just wondering why when the HSBC FTSE All world index is cheaper? 0.23% vs 0.13% (from my HL pension app). They are basically the same right? +I'm entering my 30s and living nearly paycheck to paycheck while starting a portfolio with less than a hundred dollars. I can put 50 dollars a month into this from my paycheck with the high probability of more in the future as bonuses/tax returns and raises come in. Ideally I'd like to be retired at 60 as a hard limit, with the option to be semi retired in 20 years. (Lower hours, less stress, time with family) + +I guess my question is, given the low amount of start money and deposits, what would be the best path to making this happen? Retirement for me would mean 2k a month in dividend distributions (which sounds insane to me considering the size of my portfolio that id need). I was rolling around the idea of going 40/60% SCHD/JEPI and these would be in a taxable account in case of emergencies (Being poor and having kids.) With maybe a bit of O when the price is right. + +I don't want to make the mistake of chasing a high yield stock just because I feel like I'm behind, but I am also feeling the pressure of not investing 10+ years ago when I should have. What would you do in my situation? (Not considering any of this as financial advice. I will research any answers given on my own and draw my own conclusions and plans to proceed.) +Based on comments in [this post](https://www.reddit.com/r/fatFIRE/comments/ygo305/how_much_in_taxes_do_ultrahigh_earners_save_from/), I decided to create a post about the Buy, Borrow, Die strategy for HNW vs a simply SWR based approach. + +For those who don't know, Buy/Borrow/Die (BBD) is - very simplified - a strategy where each year you borrow your expenses using your assets as collateral. Think something like a margin loan or a PAL. When you die, your heirs get your assets at a stepped up basis and pay off the loan. Theoretically, you've greatly reduced or eliminated your tax burden. + +Does it really work though? I created a very simply spreadsheet to simulate the theory using data from the last 50 years. This is the spread sheet. + +https://1drv.ms/x/s!ApYdajYKxgfXq4QWGh7WcD5Qi2Le7Q?e=lEV2A1 + +I would suggest we define the BBD strategy as failing any time your equity percentage falls below 50% because then you can't borrow more money and are forced to sell. This would, of course, include the case where you simply go broke. It would also be a failure if BBD left you with less money at the end of a simulation than a traditional SWR approach. Note that in some of these cases a 4% SWR will fail too. + +The spreadsheet has a parameter tab where you can, for example, adjust the starting year of the simulation. + +A couple notes. The "Margin/PAL Interest Boost" parameter reflects the fact that my interest rates are basically the average mortgage rate in a given year. Typically, margin rates are higher and have, historically, been much higher. This parameter lets you adjust that up or maybe down (if you want to go with IKBR). I've used 2% as a default value. + +The "Tax Adjust / Fudge Factor" let's you adjust the BBD initial expense value down (or up) to reflect the fact that someone using BBD doesn't have to pay taxes. I would not that the effective tax rate of someone taking 400K of expenses in the form of LTCG is 10-15% assuming they live in a no tax state. Of course, it depends on the cost basis because not all of your 400K is gains. I selected -15% as a default value. + +The table below indicates the results I got. Pretty much every starting year prior to 2003 failed. And, since we don't know the future yet, I'm not going to pronounce 2003 onward as successes. + + + + +| Year | Fails in years | +| ---- | ----------------- | +| 1972 | 8 | +| 1973 | 9 | +| 1974 | 9 | +| 1975 | 20 | +| 1976 | 13 | +| 1977 | 12 | +| 1978 | 17 | +| 1979 | 30 | +| 1980 | 29 | +| 1981 | 28 | +| 1982 | 27 | +| 1983 | 26 | +| 1984 | 25 | +| 1985 | 24 | +| 1986 | 23 | +| 1987 | 22 | +| 1988 | 21 | +| 1989 | 19 | +| 1990 | 19 | +| 1991 | 18 | +| 1992 | 17 | +| 1993 | 16 | +| 1994 | 15 | +| 1995 | 14 | +| 1996 | 13 | +| 1997 | 12 | +| 1998 | 11 | +| 1999 | 10 | +| 2000 | 9 | +| 2001 | 8 | +| 2002 | 10 | +They gave me 3 point values from my hard credit check. The highest to lowest difference was 69 points (nice), the middle one being 10 points above the lowest. + +Credit karma shows that my equifax and tranunion are MUCH higher (55 points) than the hard check pulled. The only scores that match are my fico scores, each being the highest number. Credit karma shows a difference of about 13 points from my highest to lowest score. + +Are there other credit reporting companies out there that have different calculations? Any idea why I may have such differences? Should I ask the mortgage lender to check elsewhere? Any advice is welcome. This put my interest rate 2 brackets lower than I thought it was.. +They gave me 3 point values from my hard credit check. The highest to lowest difference was 69 points (nice), the middle one being 10 points above the lowest. + +Credit karma shows that my equifax and tranunion are MUCH higher (55 points) than the hard check pulled. The only scores that match are my fico scores, each being the highest number. Credit karma shows a difference of about 13 points from my highest to lowest score. + +Are there other credit reporting companies out there that have different calculations? Any idea why I may have such differences? Should I ask the mortgage lender to check elsewhere? Any advice is welcome. This put my interest rate 2 brackets lower than I thought it was.. +*“Compound interest is the eighth wonder of the world. He who understands it, earns it . . . he who doesn’t . . . pays it.”* — Albert Einstein + +It’s hard to understate how powerful a force compounding is. Over the years this can create a snowball effect in growing your money. + +Let’s take an example to see why it’s so important to get started early because time plays a very important role. + +Say we have friends Tina and Evan at age 25. They both start working right out of college but Tina decides to put $4,000 per year toward her retirement account right away into stocks. + +Evan decides to hold off on investing. On Tina’s 36th birthday, she decides that she no longer wants to contribute to her retirement account. After 11 years, she’s invested a total of $44,000 and won’t put in a penny more. + +Evan, at the age of 36 decides it’s time to start investing. He puts in $4,000 a year toward his company’s 401(k) retirement account. He continued this until the age of 66, a total of 31 years. Evan invested consistently for 20 years more than Tina. + +He contributed a total of $124,000 compared to Tina’s $44,000. Who do you think ended up with the bigger nest egg at age 66? + +Is it Tina, who only invested for 11 years or Evan who invested for a whopping 31 years? + +If you think Evan ended up with more money, you’d be wrong. + +Let’s run the numbers and see what they both ended up with assuming an average annual return of 10% per year. (Close to the historical average for stocks.) Take a look at the following table. + +&#x200B; + +https://preview.redd.it/8ujfujh401s71.png?width=296&format=png&auto=webp&s=a678bf78a6f6f79cddac6415033d2a2754b2de45 + +Despite investing for only 11 years, Tina managed to grow her nest egg to $1.5 million while Evan grew his to $800 thousand even though he was investing for 31 years, 20 years more than Tina. She still ended up with almost double the amount of money! Why is that? + +It’s the fact that she got started a decade earlier than Evan. That money she initially invested was able to compound for a longer time. Such is the power of compound interest. It turns into a snowball effect. + +Point in case: Starting investing early is important. Although don’t despair if you haven’t yet. It’s never too late to start making wise decisions. +No dealing with clients, no dealing with no paying renters, no dealing with repairs, the returns are the same and maybe even a bit more. So which one to choose? Way less work buying spreads and collecting premium (sit in your bed and do it). Instead of doing a basically part time job handling rentals. Which is less risky and which has more returns? +This is coming from a US perspective, but if any economists in different countries have an opinion on how it is over there than I'd love to hear! + +Anyways, I would never consider myself anywhere near an expert on economics, but I like to treat it like I do climate change: if you're not willing to become an expert than defer to the expert s and listen to what they have to say. With that said, it seems like that simple advice essentially eclipses many of our policymakers, and what's more it seems to be a fairly bipartisan problem. Do you feel it is accurate to say that policy makers tend to either ignore or disregard the work done by economists and, if so, how do you feel with it? Personally, it drives me insane feeling like we could be fixing a plethora of our economic problems if we only sat down and made economically literate policies, but maybe I'm overly cynical. +Hi, I'm so sorry if I post at the wrong sub, I'm kind of desperate to find the right one to ask the question. + +I’m planning to study but the program requires me to have a basic knowledge of economics. I want to learn it online. Are there any good sources I should take? I'm looking something that offers a good basic understanding of : + +* Microeconomics +* Principles of Corporate Finance +* Macroeconomics +* Econometrics or Advanced Statistics + +I found a good course on Coursera but it's paid and I'm still trying to get financial aid. It would be better to have something cheaper but offer a certificate. It will also better if it comes from a respectable university. I'm not sure, to be honest, I'm sorry I'm so lost on this. Any advice would be appreciated. Thank you so much. +I work in NYC as a software engineer, and I make twice as much as someone doing the same exact job in Ohio, who makes twice as much as someone doing the same exact job in Romania or India. These people are just as intelligent and hardworking as I am. The barriers to entry to this career are low relative to other high-paying professions, and supply has been driven up by people seeing tech salaries and flocking to these jobs. Is it simply a matter of time until we see tech salaries go down? +market is going down and i was just wondering if i should buy an inverse etf during this period. however, i am still rather new to inverse etfs and would appreciate your advice. +Citadel is registering hundreds of shell stock companies and trade them on NYSE and NASDAQ, each has similar $200M market cap, $10 share price, ownership structure, Cayman HQ, daily volume, and name is like tool-generated. This is speeding up in 2021. + +Ok so I had some fun with this cool full text search tool by SEC + +[https://www.sec.gov/edgar](https://www.sec.gov/edgar) + +<<EDIT: it appears there is a lot more digging to do before drawing any conclusions, so I encourage every ape to use that SEC tool and dig deeper>> + +It allows to scan all the filings for a certain phrase. I was doing some other searches but typed Citadel out of curiosity. So after a few searches I noticed that there are hundreds of filings of this type: + +SC 13G (Beneficial ownership report) + +for companies with similar names like Thimble Point Acquisition Corp, XXX XXX Acquisition Corp. and so on. + +Here's a sample filing [https://www.sec.gov/Archives/edgar/data/0001423053/000110465921066881/tm2116471d2\_sc13g.htm](https://www.sec.gov/Archives/edgar/data/0001423053/000110465921066881/tm2116471d2_sc13g.htm) + +it discloses ownership structure which consists of Citadel Advisors, C Securities, other Citadels, Ken and some weird CALC IV LP. All of those which I opened are very similar, differ in number of shares, but the pattern is obvious. There are roughly 200 such filings between 1st March 2021 and today: + +[https://www.sec.gov/edgar/search/#/q=%2522Citadel%2520Advisors%2520LLC%2522&dateRange=custom&startdt=2021-03-01&enddt=2021-08-09&page=2](https://www.sec.gov/edgar/search/#/q=%2522Citadel%2520Advisors%2520LLC%2522&dateRange=custom&startdt=2021-03-01&enddt=2021-08-09&page=2) + +and since Jan 2020 it's around 400. + +screenshot: + +&#x200B; + +https://preview.redd.it/ave5gliwn9g71.png?width=806&format=png&auto=webp&s=18be6d4b7283624790f309ce69e7a470cdb51733 + +but each of these companies has a ticker and is traded on NYSE or NASDAQ. Why? This is so obvious that they don't do anything (EDIT: they do, search for the filings of some of those companies, they own shares in various other companies), why would someone want to trade their stocks? Daily volume is around 10k shares. Let's get tickers from the screenshot above: FWAC, RKTA, LCAA. + +[https://www.nasdaq.com/market-activity/stocks/rkta](https://www.nasdaq.com/market-activity/stocks/rkta) + +[https://www.nasdaq.com/market-activity/stocks/fwac](https://www.nasdaq.com/market-activity/stocks/fwac) + +[https://www.nasdaq.com/market-activity/stocks/lcaa](https://www.nasdaq.com/market-activity/stocks/lcaa) + +This is absurd. In 2021 one can bot create 200 companies with 200M market cap and put them onto some biggest most prestigious stock exchanges? + +Can some more wrinkled ape help here? Why they are doing this? + +I read some DD back in Spring about registering shitload of SPACs to transfer funds on Cayman Islands, but why they are traded on stock market now? + +EDIT: i very roughly dug into reports filed to SEC which contain some of those names and they collectively own shares in other stock companies. It looks like an incredible opaque web of ownership structure. Some of other companies could probably have much less owners if we group Citadel-owned entitites into one. Digging deeper.. + +Ok so I refined the list from 2021, it's 78, I removed the duplicates and updated link below. Some can be falsely related to Citadel despite having Citadel Advisors in ownership filing, so always verify and double check. + +[https://pastebin.com/EdCNDbmR](https://pastebin.com/EdCNDbmR) + +With this list we can see how many of them intersect in ownership structure of other companies. I will do this, maybe today and post my research. + +Credit : U/wladeczeck4 + +Edit : Grammar +My partner and I (DINK) are at stages in our careers where the earnings after tax really begin to plateau. We will be able to comfortably achieve chubbyFIRE soon enough but I feel that once you get past a NW of 2-3m their are fewer and fewer jobs/careers that can offer an income that would make a meaningful contribution. + +To get past this stage I personally am considering a move into property development. I was curious to hear if other people had made this move or had overcome this barrier in other ways? +Hey, I'm looking to move to a different country within the EU, and also technically starting a new job in another country, and this has raised many financial questions in me. I'll explain without specifically naming the countries if that's okay, so I'll use A B C D to represent them for privacy, these are all within the EU. + +Country **A** is where I currently reside/work/am a citizen atm. + +Country **B** is where I want to move to. + +Country **C** is where I also am a citizen but do not reside. + +Country **D** is where I'll be getting freelance work from. + +So rn I live in **A**, but the taxes are ridiculously high, and the country is crap, so I want to move to B in like 1-2 years. I work as a freelancer, I'm doing fine, but my country has limits to how much you can earn as a freelancer, and I'm nearing that limit especially if I take the offer of **D**, and if I go over the freelance limit I should have to create a company for tax purposes, but if I do I'd be losing so much money on taxes that it wouldn't even be worth taking the new job from country **D**. + +So that got me thinking, since I want to move countries I probably could open a bank account there and get **D** to send the money to my account in country **B**, and I assume I'd have to pay tax on it there, and if I would have to, I'd definitely be losing less money all in all, even if I have to create a company to do all of it in country **B**. But this is where it gets confusing to me, so here are my questions: + +**Can I even open a bank account** in country **B** if I'm not a citizen, and am not (YET) residing there? (like generally, or does this vary by country?) + +**If I can open one, and** country **D** sends my pay there, I assume I pay taxes to country **B** for this income, and not country A correct? + +&#x200B; + +**So if I live in** country **A**, but have a bank account and pay income taxes in country **B (or C** if I end up not moving) **is that generally legal? Or is this some form of tax fraud?** + +Thank you for the help in advance! **My main goal is not to commit tax fraud obviously**, but I don't know anyone who is employed in a country, but gets payed from another country, and lives in a different country. +Hello + +Im from switzerland and i could still invest in to US domiciled ETF. Would this be a wise choice? I know theyre usually better, with lower TER and higher Volume and simply more ETF to pick from. + +What about potential fines in the future? Should i be worried with Switzerland losing trade agreements with the USA? Maybe a trade war like they have in china? Maybe one day the US is just gonna have a bad time and put higher taxes on foreigners? +I would like some tips on how I should approach this situation. It'll be nice to get some insights from people working in the legal or HR field. If there are other CEOs, I'd like your feedback on this too. + +Should I bring this up with my CEO and tell her how I felt about this situation? + +....... + +When I first started working as an independent contractor at my current startup, my salary was way below the market value based on my years of experience and the multiple roles I'd be responsible for. I took the position anyway because of career growth, opportunities, and the culture the CEO is trying to build - being transparent and open, honest and humble with each other. The CEO and I built good working relationship and being transparent with everything. Sometimes, I can be honest and tel her that her actions or decisions aren't the best. + +As part of my contract renewal discussion, I asked for a fair and competitive compensation because I got promoted and my responsibilities increased in addition to my other roles. Parts of the package include a $15k raise in base salary, paid vacation days, and stock options to closely align with the market value. The CEO agreed to meet most of those requirements and suggested to substitute parts of the base salary with stock options. + +CFO was preparing my extended contract and suggested to exclude the paid vacations section on the contract and state it in an email instead. She mentioned that since independent contractors do not get "paid vacation", it is advisable to exclude them on the contract for tax purposes. I told her I'd like everything in writing. She hesitated and insinuated that I don't trust the CEO will honour the vacation days and mentioned how I was being too detailed and technical. I mentioned that I do trust the CEO, but I would still like everything in writing. Afterwards, I asked her a lot about the stock options and what the company's valuation. She mentioned there isn't one at the moment because we're in the process of raising more equity. + +Few days later after the offer letter was prepared by the CFO, I asked the CEO about the stock options to get more clarification. I wanted to gauge how much each option is worth, to see if I'd need to renegotiate the compensation package, since parts of the asked salary will be substituted with unknown amount of stock options. She explained and based on the projection, each option is potentially worth X amount of dollars. She called the CFO into the office just so we're all on the same page. + +CFO sat down and mentioned to me that I'm being too technical with everything, and commented that what the CEO agreed to offer me - $15k increase and X amount of paid vacation days - is extremely rare and unheard of, especially in a startup company. She insinuated in front of the CEO that I don't believe in the company and her, and that I was unappreciative and should be more grateful with the offer. She mentioned that if she's in my position, I should just accept it and thank the CEO. She continued to mention that if my values don't align with the company, then I should look elsewhere. (Her last comment crossed the line and pissed me off because she doesn't work with me and know what my responsibilities are like on a daily basis. $15k raise may seem like a lot within the same company, but I only asked for a market value salary) + +Afterwards, the CEO began to question my "loyalty" and asked if I believe in the company and her. She mentioned that even though I tell her that I do, it contradicts with what I asked from the CFO - putting the vacation days on the contract. + +The CEO mentioned that me being one of the first key members on the team, she's shocked that I'm not trusting her and there's an absence of transparency between us. + +td;dr - I asked for a competitive compensation package and CEO offered. I wanted to get some clarification about the offer and have everything in writing. CFO wanted to exclude vacation days on the contract for tax purposes, since I am technically an independent contractor and contractors don't get "paid vacation days". CFO later mentioned in front of the CEO that I'm being too technical with the offer letter and unappreciative. +Since 2012, share prices have stagnated around $45-$50 a share. Why is a big company like Bell’s share price not growing? + +Edit: That clears it up for me. Thanks everyone +I must admit, what they pulled here was pretty clever, but in doing so, it's pretty hard not to make it obvious. + +The proof is in the volume, price action and most importantly the borrow rate. + +If they were to have messed with and slowly accumulated DRS shares and then sold them, there would have been price action impact or volume impact because when DRSed shares are bought and sold, they hit the Lit markets - we know this already. + +So, let's start out with the safe assumption that they have been slowly accumulating DRSed shares which has been overinflating DRS reported numbers over the last few quarters. Remember, they wouldn't want to buy them all at once as it could drive the price up, coupled with they want retail to slowly gain confidence and feel like the momentum is going in their favor via the reported DRS numbers. + +We would have needed to see some sort of indication that someone was accumulating DRSed shares to slowly over inflate the numbers the last two quarters via price action AND volume. Below is the graph where I believe they had to bring out the hail marry card due to the rate of DRS and them starting to lose the ability to control the price via shorting: + +[Price Action from where they acquired DRSed shares \(source: webull\)](https://preview.redd.it/opb6wmqb0y4a1.png?width=1265&format=png&auto=webp&s=c38f18a7a587c92bc548509f8d57dc4ec2a0ff4a) + +Now, one might say, Biggie, we have seen numerous random runs on volume before since Jan. 2021, how are these any different? + +Well, borrow rate is king and it exposed the shit out of this. The borrow rate on GME has been dead on GME since the Jan 2021 and actually went down on the March 2021 run. NOT THIS TIME: + +[Borrow Rate & Shares Available to short from where they acquired DRSed shares and shorted - grey bars are shares available to short, yellow line is pirce, reg\/green bar chart is borrow rate \(source: chartexchange\)](https://preview.redd.it/gfpzijoc0y4a1.png?width=2000&format=png&auto=webp&s=190cf3710013ae4a7325eac9c120caf6f93b4328) + +Wow, after the entire time since Jan. 2021, you are telling me out of nowhere, for some reason these runs in the share price in 1Q22 and 2Q22 have increased borrow rates, particularly two of the runs being days before the books close for GME??? + +Lets take a trip down memory lane because this formula is pretty simple. Borrow rate goes up based on one of two or both reasons: + +* Low access to shares to short +* High demand for shares to short + +Both drive the borrow rate up. + +&#x200B; + +So what happened? + +They bought shares to inflate the DRS numbers WHILE also shorting on the way up to control the price, as soon as they were done buying, they didn’t need to short much to let the price fall, they just let retail take option gains as these are large quick moves, option holders are incentivized to take gains on IV spikes which naturally pushes the price down without needing to short much. And you see it clear as day, price rises WITH borrow rate going parabolic as they are coming at it from two angles by reducing shares to short, but also shorting on the way up (you can also tell this due to on the runs, there are almost no shares available to short until after the runs are done). + +So when did they unload these shares?… I can’t believe they are this dumb, but frankly it couldn’t be more obvious: + +[Price Action from where they unloaded DRSed shares \(source: webull\)](https://preview.redd.it/uej4l3ld0y4a1.png?width=1265&format=png&auto=webp&s=3fc34e53c9464c8487f1c4109f792694cb779e17) + +[Borrow Rate & Shares Available to short from where they unloaded DRSed shares and shorted - grey bars are shares available to short, yellow line is pirce, reg\/green bar chart is borrow rate \(source: chartexchange\)](https://preview.redd.it/p692n56e0y4a1.png?width=2000&format=png&auto=webp&s=9d460e2f3751542a8bd2d71867515737c5d72871) + +Literally the day after 2Q22 borrow rate stops moving up, we see one slight push in the price where they proceed to start unloading the DRSed shares they had accumulated and surprise surprise: You see price drop from shares being sold on the LIT exchange, coupled with the borrow rate tanking and access to shares to short hitting all-time highs as they are opening liquidity by unloading DRSed shares and also not needing to short on the way down since they are selling shares. + +There you have it, they are dumb as fuck. + +&#x200B; + +TLDR: Shorts manipulated DRS numbers for 1Q22 and 2Q22 by buying via computershare and 3Q22 by selling their computershare position. Their move is exposed via price action, borrow rate and shares available to short. Clear as day. + +&#x200B; + +Note: + +I’ll say one last thing, these people are dumb, but not that dumb, this move is so blatantly obvious that it tells me they are desperate, this really seems like a hail marry type of play, but time will tell. + +*From a bird's eye view, this also explains the sideways trading since March 2022.* + +&#x200B; + +*Edit: my Q1 end date is off by a month in the borrow rate charts, should be ending may 31, 2022. Doesn't change anything.* +For me, it's the concept of [market externalities](http://en.wikipedia.org/wiki/Externality) and how they can produce market failures. It's a simple economic justification for a lot of things, like health insurance and environmental protection, because it shows how government subsidies or taxes can actually improve a market outcome. + +Ugh. The city in which is live has a rapidly increasing cost of living that’s debilitating to be as a student, self employed single mother. The cost of groceries is getting so bad that items are increasing in price by another dollar everytime I got to the store. Dish soap was marked up to $5!!! I feel so defeated. +Overall, nearly half (47.9%) of people believe that cryptocurrencies are not a safe investment, and a further 37.1% are unsure about the safety of investing in cryptos.    + +Just 13.8% of people regard cryptocurrencies as a safe investment product. + +When the data is split by age, it’s clear that it’s mainly young adults who feel that cryptos are a safe investment. Almost a third (27.5%) of those aged between 18 and 34 feel their money is safe when investing in cryptocurrencies, and this figure drops significantly within the older age groups.   + +Just 9.7% of adults aged 35 and over view cryptocurrencies as a safe investment, and the figure drops substantially to just 2.9%  when we look at those aged 45 and above. + +**People’s attitudes towards the safety of cryptos as an investment, by age** + +&#x200B; + +https://preview.redd.it/fpa52nxcya481.png?width=2436&format=png&auto=webp&s=b76b11fa47b92a0e5aed71f66d0b6b51f4dddca8 + +The original cryptocurrency, Bitcoin, originated in 2009, making the whole concept of online currency a relatively recent invention. Given that it’s only been around for a decade it’s not surprising that younger people are more at ease with the concept as they have grown up with it. However for older generations there is significantly less trust in something that they still regard as a new development. + +&#x200B; + +**Cryptocurrencies form a part of wider investment strategies** + +As cryptocurrencies become more and more mainstream, many people are starting to include cryptos as part of their wider investment strategies.   + +Out of those who have invested in cryptocurrencies, a large percentage (85.7%) also have other investments and savings. + +This trend is the same across every age group, however, the percentage of people who only have cryptocurrencies, and no other investments, does increase slightly with age. + +&#x200B; + +**Percentage of those who do not have any investments other than cryptocurrencies, by age** + +https://preview.redd.it/8knwpwpjya481.png?width=1908&format=png&auto=webp&s=39b5c6720f7b13704e7f474eafa436133670c8de + +**Only half of crypto investors are getting financial advice** + +Although cryptocurrencies are volatile and can see people lose their whole investment in a short space of time, only half (56.1%) of investors received professional financial advice before buying cryptos. + +But, what’s surprising is that it’s actually the younger age groups who are more likely to take the additional step of getting advice before investing. + +Over two thirds (65%) of 18-24 year olds got financial advice before making their investment, and this percentage decreases gradually with age. + +&#x200B; + +**Percentage of those who received professional financial advice before investing, by age** + +&#x200B; + +[It is positive to see that so many young adults are taking their finances seriously and getting proper advice before making investments.](https://preview.redd.it/0hwekkdrya481.png?width=1918&format=png&auto=webp&s=43aba30be813833e86a829c6a1d21080e2c236b5) + +*All figures, unless otherwise stated, are from a survey conducted with The Leadership Factor. The total sample size was 2,000. Fieldwork was undertaken between 9th September 2021 and 15th September 2021. The survey was carried out online.* + +&#x200B; + +SOURCE: [https://www.kisbridgingloans.co.uk/finance-news/cryptocurrency-consumer-research-and-data-autumn-2021/](https://www.kisbridgingloans.co.uk/finance-news/cryptocurrency-consumer-research-and-data-autumn-2021/) +Hey retards, I missed you all. Glad to be back online after my year long hiatus. I've been to rehab, I've lost custody of my kids, lost my house. However I still found a way to play. I've been shoulder to shoulder with all of you through this mess. I've been hammering way OTM weekly calls in volume. This is the most fun I've ever had. + +Through the madness of this past week of trading I've managed to claw my way back from oblivion. $GME has done a couple 10 baggers for me this week alone. I love you all and I'm happy to see you all again. So many new faces. I'm proud of each and every one of you. + +I'm currently holding about $50,000 in calls on $SLV ..and $15,000 in OTM weeklies on $GME. Rookie numbers I know, but I just got my legs back. I'll be running again in no time. + +LETS FUCKING GO! GAMMA SQUEEZE UNTIL THEY BEG FOR MERCY! + +EDIT: Thank you for the outpouring of love and support, It is actually giving me goosebumps reading through the comments. I feel like I just came home. I'm going to bed but I'll try to keep up and respond to everyone. God speed and have a BEAUTIFUL FUCKING FRIDAY! + +EDIT #2: I didn't think this post would blow up like it did, I don't have the time to go through every post and thank you all individually while deep dicking the market with OTM calls so just know that if you post here I can promise you I read your words and took them to heart. + + +EDIT #3: I literally cannot smoke enough weed to calm down right now. I feel like I have rocket fuel in my blood. + +Closing thoughts: My calls on $SLV (Ishares silver trust) are going to be the biggest fuck you to the entire banking sector when Precious metals squeeze and bring down fucking JPM and all the fucking twats who are trying to hide inflation behind the curtains while they raid your fucking pockets. FUCK THOSE FAT CAT MOTHER FUCKERS + +***None of this is investment advice. This is my own personal commentary and opinions on the fucked up state of the market.*** + +https://preview.redd.it/jtff068f2ae61.jpg?width=828&format=pjpg&auto=webp&s=7b63bf21b7082ce17d83ff3aba7eab84ca2e3f81 +I feel extremely embarrassed asking this being that I am almost 30. I recently had an epiphany about my finances and spending. + +It hit me today, when I realized that last month when I got $13K from a personal windfall and when checking out the balance I'm down to $6,000 with no real large purchases. + +I don't have a a gambling or alchohol problem, but I spend money in a very liberal fashion. Example, if I'm hungry I'll order uber eats and spend $40, I'll buy stuff on Amazon that I need (or think I need) and spend $10 or $20. If I see something in Walmart that I like, even if it's $15 or something I'll buy it. + +I've always looked at frugality with a really negative view, I think I associate frugality with cheap people which I dislike a lot. + +EDIT: WOW! SO MANY RESPONSES! THANK YOU ALL SO MUCH! I WAS GENUINELY EXPECTING LIKE 1 OR 2 PEOPLE TO COMMENT AND THAT'S IT. I AM TAKING NOTES ON ALL COMMENTS ON HERE! +My fiancee and I are interested in moving into a bigger 2 bed 1+1/2 bath apartment from our current 1 bed+1 bath. Our gross annual combined is about $106,700. We are able to live pretty comfortably with our current rent, which is about $1760/mo (including utilities+internet). The apartment we're interested in is $2000, but with utilities it will probably cost around $2120/mo. We live in NJ and our move in date is October, which is a little far out but there is a high demand right now so we wanted to get a headstart on looking. Would we be able to afford this rent given our salaries? + +We are also not interested in buying at the moment because we want to save some money for our wedding and not have to worry about a down payment. +Hey everyone! Thanks for reading and suggestions- + +I have had a small business in gaming for about 2 years. I had made $40k the first year, 210k the 2nd year and this year my business is exploding, I’m projecting to make around 2.2-2.5 million in 2022. + +My life situation right now is: I’m 26, married with no kids, renting an apartment but have no debt to pay off. + +On the business side: I’m sole proprietor, the business has next to no overhead costs (I can maybe find 20k to reinvest into the business). I’d also expect things to slow down to maybe 500k a year after 2 years or so + +I’m basically lost on the financial side. I expect to need an IRA, possibly moving money I need on hand to a Money Market to get some return on it, I want to invest a lot as well. + +Whatshould I know or expect to ask a financial advisor? + +EDIT: a few have asked what I do- I got into UGC game development as a side hobby before covid hit- its since grown and I’ve gotten very blessed with a successful game! +As you may have heard by now, the president of Argentina asked the IMF to provide a solution to the currency crisis, which is a result of the market believing that the government is not doing enough to cut the fiscal deficit. +I was at work, and my communist coworker blamed Macri (our president) for borrowing money after our previous president (Kirchner) left the country with very little debt. I pointed out that Kirchner left the country with a huge fiscal deficit, to which he replied: Which country doesn't have a fiscal deficit? So I looked up some stats, and he happens to have a point: according to the CIA Factbook (https://www.cia.gov/library/publications/the-world-factbook/fields/2222.html), most countries have a fiscal deficit, although Argentina has one higher than most countries. The question I am asking is: why a large fiscal deficit in Argentina causes the company to go bust, but most countries can deal with a fiscal deficit just fine? +Since 2021, a series of events have caused disruptions in the global supply chain. + +As far as I know, at least part of the current (2022) inflation is due to supply chain issues, although it's not clear how relevant that it is with respect to post-pandemic demand shifts (if you could shed some more light on this it would be great, but not the main focus here). + +Some people have been saying that central banks are powerless or at least have more limited options when dealing with supply-driven inflation (e.g. https://kof.ethz.ch/en/news-and-events/kof-bulletin/kof-bulletin/2022/04/central-bank-supply-shortage.html). What I don't get is why exactly the usual interest rate tools don't work well in these scenarios. + +Sure, you don't fix the root cause (supply chain still being somewhat broken), but if you increase inflation rates wouldn't demand decrease to a point where you would reach a lower equilibrium price? + +In other words, what's so special about supply-driven inflation? + The principal, interest, taxes and insurance amounts to almost $1,200 a month. I'll be living in one unit and renting the other to cover the cost of the mortgage. I've been at this job for a little over two years and had 2 pay raises so far. My credit score is around 750. I have about $15k saved with some of that $ invested in index funds, very liquid. I do not have any debt and I have a car if that matters. I was thinking about using a down payment assistance program, does anyone know which program I should go for considering the state I'm residing in and my funds? +I was reading through a recent thread regarding how much of one's yearly salary people had spent on car purchases and one consistent theme came up in the comments regarding just buying a cheap old Corolla and saving your money by not buying new. + +You all know the drill, if you've been around here for a while you see the debate around cars and finance, buying outright or leasing. + +Now I wanted to mention safety when it comes to cars. + +Go ahead and watch this for 3 minutes. + +https://youtu.be/xidhx_f-ouU + +I'm not saying don't buy a cheap reliable 98 Corolla and I'm not saying buy brand new but if you watched that video you decide what price you put on safety. + +I can tell you personally from my work in emergency services that the person in the 15 Corolla probably walked away with a headache whereas the person in the 98 Corolla is in hospital with a broken bone or two or that hit could very well be fatal for the person in that vehicle. + +Safety in vehicles has come a long long way since late 90s early 00s + +Not telling you what to do, just consider safety with your car purchases. My recommendation is to only buy a car with a 5 star ANCAP safety rating. + +I hope you find this helpful. +They’ve created an aura of power and invincibility by design but you better believe they’re on the clock. Because Cohen and company aren’t wasting any time transforming the company. + +Everybody talks about the catalysts needed to take us over the top. The simplest one is the same here as with all other plays. The real world improving outlook and earnings of the company create too much interest and buy pressure and they wash over whatever short interest exists like a tidal wave. + +So they can’t let it run up big or they face liquidation and they can’t let it trade sideways or they give management time to do its thing, creating too much buy pressure and forced liquidation. + +That leaves pushing it down, even though they know that most apes see a lower price as a fire sale. Regardless there’s no other option for them. They have to put everything they have into this final fud campaign and tank the price daily to try to create a real selloff. + +It’s literally the only road left to them and it’s why I’m banking on the price continuing to fall for the rest of this week and into next week before possible crypto dividend news or other news like an acquisition. And if it does keep tanking then paradoxically it means we’re tantalizingly close to victory. Because it means they’re not covering their ftds anymore, it means they’re willing to give their adversaries better and better deals on shares, it means they’re willing to engage in visible behavior that might end up landing them in prison later. +&#x200B; + +https://preview.redd.it/vt51ilavjr671.png?width=1600&format=png&auto=webp&s=34fb1df57f68781df2bd3bbddcfe975bda18bf5a + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/ivys1x5xjr671.png?width=680&format=png&auto=webp&s=f0baf1529c2c01515a631897389b537fc4172f43 + +# Reverse repo back to another ATH + +&#x200B; + +https://preview.redd.it/txvt1kj4kr671.png?width=640&format=png&auto=webp&s=aa0e463fff6a798593a86b7ef4a6f007248e48db + +765 billion.... yikes + +&#x200B; + +https://preview.redd.it/rq9tvfg7kr671.png?width=640&format=png&auto=webp&s=9d297220700614b63dc43a04b421d6019542efd1 + +The Exponential floor by u/jth1, I'm excited to see how this model holds up in the next coming weeks and in what sense it will correct, seeing that gme is now officially been bellow it's fair value estimation for quite some time, this could be due to GME offering shares at the market, due to longs being bought for lower numbers (for example if the price is 10.00, and they buy for 9.99 then 9.98 creating a sale via a buy) or other methods. + +&#x200B; + +https://preview.redd.it/wn40n1nokr671.png?width=700&format=png&auto=webp&s=db013aa04787496cd3856aa2c0f3183ab12c1756 + +# Hedge fund that bet against GameStop shuts down + +A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors. + +White Square Capital based in London is no more. + +Source: [https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6](https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6) + +Thanks to Ladylovestonks for for passing this info on to me. + +&#x200B; + +https://preview.redd.it/e4l422x7lr671.png?width=982&format=png&auto=webp&s=b765aa2c772bd46dfb7341bb6c55bb50bb8513bc + +# NSCC-2021-002 and NSCC-2021-801 + +According to their letter these will both be going into effect on wednesday + +source: [www.dtcc.com](https://www.dtcc.com) + +&#x200B; + +https://preview.redd.it/rt1y4emllr671.png?width=960&format=png&auto=webp&s=a223b8742861ff7214ecf5bc7b0fa53e5b4dbf50 + +# SEC Obtains Asset Freeze Against Offshore Fund + +At this point it's unknown if this is in any way shape or form related to GME directly, however this is still very bullish to know they won't stop "because it's offshore" as it happened in the past, it seems that the SEC is slowly (very fucking slowly) turning into a "fuck around and find out" like it's big brother the IRS. + +&#x200B; + +https://preview.redd.it/0ln7x10xlr671.png?width=640&format=png&auto=webp&s=720902449ac69bf812c258d1792fe7e61e07be7e + +It's good to see the SEC finally getting off their asses (or someone has finally installed a porn blocker on the servers) so they can finally get some shit done. + +&#x200B; + +[credits to u\/Klone211 ](https://preview.redd.it/wykh1um2mr671.png?width=714&format=png&auto=webp&s=b458b200fe3f25f3f04a06438a5c051488ad5183) + +Body language of a small bulgarian boy + +This next one is more a psychology thing, it's the body analysis of Vlad "the stock impaler", [https://www.reddit.com/r/Superstonk/comments/o51ajc/4\_body\_language\_experts\_analyze\_one\_of\_vlad/](https://www.reddit.com/r/Superstonk/comments/o51ajc/4_body_language_experts_analyze_one_of_vlad/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Now again this is not directly related to gme as hard numbers would be, but seeing he is involved in this saga it's still interesting to see. + +&#x200B; + +# Jefferies hosting a virtual conference, + +thanks to u/arsvivendimk for bringing this to our attention, Jeffries is going to host a conference focusing solely on digital gaming on June 24th! + +&#x200B; + +https://preview.redd.it/h92bb9csmr671.png?width=960&format=png&auto=webp&s=4cb8c315fd9ca00a3316a474a83bee566714a2da + +Seeing this is the company that issues the shares for gamestop it's something to at minimum keep an eye out for, as of right now I don't have a link for this conference but once I get one I will be updating this and adding it in. + +&#x200B; + +[credit to u\/InfamousJoker420 ](https://preview.redd.it/trpwiey0or671.png?width=640&format=png&auto=webp&s=9663a6caf6626d041a8b4841dcb4e2644b7018bd) + +# Gamestops new filings + +Gamestop released three new filings yesterday: + +[https://gamestop.gcs-web.com/node/19026/html](https://gamestop.gcs-web.com/node/19026/html) + +Form 3 - Cheng Lawrence - receiving 3,000 shares directly from GME + +[https://gamestop.gcs-web.com/node/19036/html](https://gamestop.gcs-web.com/node/19036/html) + +Form 4 - Cheng Lawrence - receiving 1,022 shares for the price of $0 (most likely payment for the board as they are vested shares) + +[https://gamestop.gcs-web.com/static-files/29731d8f-c734-49fd-ab2e-5b02a83d2cc6](https://gamestop.gcs-web.com/static-files/29731d8f-c734-49fd-ab2e-5b02a83d2cc6) + +Form 4 - Xu Yang - receiving 1,022 shares for the price of $0 (again seems to be payment, vested). + +&#x200B; + +# Rules cheatsheet + +&#x200B; + +[thanks to u\/MunnaBigDicc ](https://preview.redd.it/6s6y5345or671.png?width=960&format=png&auto=webp&s=4920a0b82035d3926cf01a94d8c2eaed3586500a) + +&#x200B; + +https://preview.redd.it/9cu08ipaor671.png?width=960&format=png&auto=webp&s=c504edf5b6fea9cfe77e2e9ba43d8617f6318622 + +BNYMELLON seems to be changing before wednesday, my body is ready + +**thanks to** u/SeniorSkrub + +Changing the name to omnibus is interesting. Seems related to derivatives trades, foreign markets, and tends to be looked poorly upon as they're used to hide identities of the investors behind them but apparently provide ability to act quickly in turbulent times. + +[https://www.investopedia.com/terms/o/omnibusaccount.asp](https://www.investopedia.com/terms/o/omnibusaccount.asp) + +Looks like Ellington involved here as well. They appear to be a hedge fund with a focus on mortgage back securities and mortgage derivatives. Interesting history with UBS and margin calls: + +[https://en.wikipedia.org/wiki/Ellington\_Management\_Group](https://en.wikipedia.org/wiki/Ellington_Management_Group) + +&#x200B; + +https://preview.redd.it/814p2ugror671.png?width=554&format=png&auto=webp&s=d4d243578c012a3e18c06d3cfd85575515b1d6cc + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +https://preview.redd.it/doby9yetor671.png?width=400&format=png&auto=webp&s=3437ab4c03d6277108bb3ad30228b64503171e78 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +GME ATM OFFERING DONE! + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0) + +&#x200B; + +https://preview.redd.it/bxzrwyocvs671.png?width=1030&format=png&auto=webp&s=a6a941bfef97ad09036499d93d01e3ff7fe5f255 +* There has been no announcement of any extension of the loan moratorium +* The previous extension for June to Aug, was announced on May 22 and that gives a precedence of the advance notice +* If you have availed the moratorium, you can ask for restructuring of the loan +* This is at the discretion of the bank and each bank would have its own process +* You should have paid all your EMIs till Mar 1 to be eligible to make the request +* For individuals, the restructuring may mean an extension of the tenure and lower EMI (edit: this is beyond the 5 month rephasement that would happen because of the moratorium) +* One can also request for lower interest rates +I don't even know if I can phrase this in the form of a question or properly tie to FI. The truth is this is one of the few forums where people might have similar experiences and I'm experiencing some major imposter syndrome. + +I currently work remotely. I make great money (~240k). I'm balancing 2 offers now. One is remote @300k. The other is in seattle @340k. My wife also works, which means I'm looking at this graph here: http://www.businessinsider.com/one-percent-state-map-2014-9 and thinking holy crap I'm going to be a 1%er. + +Think of all the money I can save! I could FIRE pretty damn fast. I just can't decide if I'm willing to work for the Seattle company given that it requires moving, disrupting my wife's career, and possibly working for a company that's has a reputation of not being nice to workers (I think we can all guess who it is). This job and this team provide a shitload of opportunity. Based on past growth my stock alone could give me close to 1M bucks on year 4 (that's wildly optimistic, but would just require repeating their past performance for a couple years). Oh, and I'd probably add 60-90 minutes of commuting. I don't know if firing several years earlier really is worth it But the "bad" job could actually be one where I learn more and am challenged more. + +Or I can take the middle road. Make a little less, work remotely. No moral qualms. Wife can continue her career, which provides more good to the world than I do. The 300k job is for a well known but not that profitable tech company. Stock has had weak performance. They've taken strong a stance on treating people well. Refugees. Women. Diversity. The CEO himself asked me to come work there. Many people expect them to be acquired soon. + +Anyone want to make my decision for me? I've always chased after money because I legitimately felt it offered the best QOL. People treat highly paid employees well. They get respect. They usually have flexibility, you don't typically pay someone 6 figures and then force them to clock in (unless you're in law or consulting or something). This is the first time where I've felt like more money might reduce my QOL. + +There's a lot of posts from people about losses lately, for obvious reasons. My impression from reading the sub is the vast majority of people who run into problems, do so because their trading practices are...bad, to put it gently. + +I try to help when I can. Remember the mechanics, don't trade meme stocks, don't trade weeklies, balance your deltas, keep your position sizes small. This is a more difficult time to be trading than the last 3, 6, 9 or 12 months. Volatility collapsed early in the year, but we are still in a very volatile market. It's not just meme stocks that are tanking, but legitimate ones too. Respectable companies in large cap china stocks, tech and biotech are 30% or more off highs in just a few weeks. Even if you are following good practices, you could still be having a rough go lately. + +Hang in there. Assess what went wrong, tighten up your strategies and most importantly, keep trading. +I spent the last 6 months options trading (both buying / selling) and lost 6 digit sums. Here are my learnings shared with all of you so you don't repeat them. + +# 1: Don't buy options in high IV +Don't buy put options when IV is high. I bought put options in March 20th and didn't exit them before the IV collapse. + +Heck, I didn't even know what IV was at that time. This was WSB-days + +# 2: Don't sell when IV / premium is very low +The risk isn't worth it. Always calculate the return on risk (return on nominal capital) before placing a trade + +# 3: Wait for probabilities to play out +Position size and have a plan so you can afford to let probabilities play out. I got rid of a couple of positions too early unnecessarily. + +# 4: No covered calls on individuals +The data & research seems to be clear that covered calls on most individuals is a net loser vs. keeping the underlying and selling part of it. + +# 5: No naked calls on individuals +Sold naked calls on BA before the spike and lost -9k. Combined with #3, I bought back the contract at the peak price + +If you have to sell naked calls, then go for a spread + +# 6: Gamma risk is not an issue if you can take assignment +Just wait it out and accept assignment. Also it means selling weeklies is ok + +#7: Don't sell more than 3 underlyings at a time +It's hard to track the prices and manage the positions + +#8: Early assignment of single leg on spread +This can lead to large paper losses till the other leg assignment + +#9: Dividend risk no spreads +One of my legs got assigned before dividends (short) and I got charged a lot of money which I could have avoided if I bought back the spread earlier + +#10: Start with simplicity +I started by selling too many underlyings and trying fancy things. I should have sold on index underlyings and kept things simple + +#11: Use a portfolio / Analyse tab +Have a plan and use a beta-weighted portfolio to know (a) POP (b) break-even points (c) delta risk + +#12: Have a plan +Have a predefined plan and stick to it. You should be able to win in any market direction + +#13: Stick to a plan +Stick to the plan; Reference back to the plan when you're confused and want direction. Write down plans & goals + +#14: Correlations can change +If you beta-weight multiple underlyings, the correlations can change drastically even day-over-day particularly if there's an individual. + +#15: Short stock can close automatically +I had two short stock positions which I was ok to hold till recovery and the broker covered them because there wasn't enough liquidity. + +#16: Look at recent backtests +Look at recent backtests to verify strategy. Spintwig has a great site + +#17: Look at price movements +Don't sell calls when the price is 52-week high! Add Bollinger bands, etc to help and look at the last 1 year price movement +I spent the last 6 months options trading (both buying / selling) and lost 6 digit sums. Here are my learnings shared with all of you so you don't repeat them. + +# 1: Don't buy options in high IV +Don't buy put options when IV is high. I bought put options in March 20th and didn't exit them before the IV collapse. + +Heck, I didn't even know what IV was at that time. This was WSB-days + +# 2: Don't sell when IV / premium is very low +The risk isn't worth it. Always calculate the return on risk (return on nominal capital) before placing a trade + +# 3: Wait for probabilities to play out +Position size and have a plan so you can afford to let probabilities play out. I got rid of a couple of positions too early unnecessarily. + +# 4: No covered calls on individuals +The data & research seems to be clear that covered calls on most individuals is a net loser vs. keeping the underlying and selling part of it. + +# 5: No naked calls on individuals +Sold naked calls on BA before the spike and lost -9k. Combined with #3, I bought back the contract at the peak price + +If you have to sell naked calls, then go for a spread + +# 6: Gamma risk is not an issue if you can take assignment +Just wait it out and accept assignment. Also it means selling weeklies is ok + +#7: Don't sell more than 3 underlyings at a time +It's hard to track the prices and manage the positions + +#8: Early assignment of single leg on spread +This can lead to large paper losses till the other leg assignment + +#9: Dividend risk no spreads +One of my legs got assigned before dividends (short) and I got charged a lot of money which I could have avoided if I bought back the spread earlier + +#10: Start with simplicity +I started by selling too many underlyings and trying fancy things. I should have sold on index underlyings and kept things simple + +#11: Use a portfolio / Analyse tab +Have a plan and use a beta-weighted portfolio to know (a) POP (b) break-even points (c) delta risk + +#12: Have a plan +Have a predefined plan and stick to it. You should be able to win in any market direction + +#13: Stick to a plan +Stick to the plan; Reference back to the plan when you're confused and want direction. Write down plans & goals + +#14: Correlations can change +If you beta-weight multiple underlyings, the correlations can change drastically even day-over-day particularly if there's an individual. + +#15: Short stock can close automatically +I had two short stock positions which I was ok to hold till recovery and the broker covered them because there wasn't enough liquidity. + +#16: Look at recent backtests +Look at recent backtests to verify strategy. Spintwig has a great site + +#17: Look at price movements +Don't sell calls when the price is 52-week high! Add Bollinger bands, etc to help and look at the last 1 year price movement +You can clearly see all the stocks titled 'meme' stocks ($GMEBBPOPCORNBBBYNOKEXPRKOSS etc), more known as basket shorts in here, are falling together, at the same time. No news. No correlation between the stocks, they are all from completely different sectors of the market. Yet they are all being shorted to oblivion the last few weeks. + +*Why now?* + +Well, maybe Dr. Metzler is right. With Evergrande and all the other chinese junk bonds nearing an impending death blow from rating agencies, the shorts seem to be scrambling to get the prices of all of these stocks down, and quickly. My conclusion is that whatever the shorts used as collateral for the swaps to hide the short interest, must be dropping in value and they are now desperately trying to bring the price down to avoid a margin call. Their collateral very well may have been the chinese junk bonds. It makes sense, because this whole situation is a nuisance to the SHFs, so they want as little money as possible to be tied up as collateral. Junk bonds is a good option for that. + +The other possibility is that January is looming, which is when our beloved stock ran up. It's also when they hid their shorts. We don't know exactly how long these swap contracts are, could be a year, so this may cause another run up like last January. Naturally, they want to shake the tree as hard as they can to get paper hands to fold before that happens. + +Also, this is exactly the sort of behavior I expected from these fucks before a major event. This shit absolutely reeks of desperation. Whatever the reason is they need to short it so badly, it's clear they are fucked. + +BUY. HODL. DRS. 🚀🚀🚀 +I have a portfolio of 1M (85% broad index funds, 15% individual stock picks and crypto). + +If I wanted to ease my mind in regards of all this imminent correction talks how many let's say 300(?) spy puts dated 12/31 should I buy relative to my 1M investments? + +Any better hedge than that? +While many countries in Europe have the taxes taken straight from each paycheck without entering the workers bank account at all, the citizens of the USA are paying their taxes once a year, is there a specific reason for that? +So I have  around $2500 to invest because it is the amount, I am willing to start with, and I need your help choosing an investment strategy. + + +Perhaps it's not the best idea to ask a group of strangers, but I suppose some of you made a cryptocurrency investment. Nobody I know has, so this is the best I can do. + + +Of course, I have some ideas of my own, but I'd prefer to hear your thoughts first. The first one is to invest in ETH the price now is very low, as low as it is going to get hopefully, and if it reaches that predicted 10 000 mark, I will have made a seriously good investment. + + +The second idea is to invest in cryptocurrency projects that target specific industries, such as space tech, telecommunications, or energy (WePower, World Mobile Token, Space Chain), as opposed to just individual coins, which in my opinion at the very least have no coverage and may at any time lose value. At least, there is an idea that might work behind these (supposedly) successful ones (or not). + + +Because I know what happened to Terra, I wouldn't invest in stablecoins or if my life was at stake. + + +What do you think of my proposals?  +What would you do if you were in my shoes, are they any good, and where would you put your money? +Hey, I have two rentals. Each are at about $200k in market value. Each has about $125k left in the mortgage, which is for another 14 years. Interest rates are about 4.25% for a both. Payments are \~$1,500/month (?). Rents are also about \~$1,500/month. Should I place more capital into the properties and pay off the mortgage sooner; or, should I just perform maintenance and let the tenants pay off the mortgage for me? And why? +This week, I will help you understand how insurance policies really work without you falling asleep. This will enable you to make better informed decisions as to what insurance coverages you should get, and what are simply a waste of money. + +TLDR: Insurance is a [negative expected value, but asymmetric payoff](https://investinglessons.substack.com/p/are-you-trading-or-gambling) structure that protects you from catastrophic events. It is the **only negative EV** bet you should take. + +# The Principle of Pooling Risks + +The key concept underlying all insurance is the **principle of pooling risks**. In a nutshell, it is the practice of spreading out risk amongst a group of participants. + +**Suppose you are Aidan**, a mathematically gifted resident of San Francisco. You notice that 10 of your friends are fed up with paying $50 for parking everyday. You also notice that parking officers aren’t very vigilant — there is a slim chance that you will actually receive the $100 fine. + +You run the maths, and propose to them a brilliant idea. Your friends will all give you $15 a day, and not pay for parking — this is called the **premium**. In return, if anyone receives a parking fine, then you will pay for it. You’re effectively selling them **parking ticket insurance**. + +Your friends unanimously agree to this proposal. Afterall, **they are each saving $35 a day** — that is over $10,000 saved in a year. This deal seems too good to be true for them. + +How about for you? + +Everyday, you collect $150 ($15 x 10) from your friends. You gathered some statistics, and figured that on average you need to pay one parking ticket every day ($100). **This puts you at an average profit of $50/day**. + +Remember that this is simply an **average** (or the expected value). Yes, [**this is a positive expected value bet**](https://investinglessons.substack.com/p/the-anatomy-of-a-good-bet) (you obviously won’t agree to this if you are losing money). On some days with **no parking fines** issued, you make the full $150. On other days where **two parking fines** are issued, you instead lose $50. + +This is a pretty **great deal for everyone** — except for the local council that makes some revenue from parking fees. + +# Homogeneous Risk + +If you have ever taken out insurance before, you may have noticed being asked several questions. This might be your age, postcode, or occupation. The purpose of this information is to group you with others with similar attributes as yourself — or being **homogeneous**. + +Individuals in the same **homogeneous unit** generally have similar risk profiles. If we return back to the example with Aidan, what might happen if all 10 of his friends worked at the same office, and had parked next to each other? + +The likely outcome is that if one person receives a parking ticket, then it is very likely all 10 are fined too. This means that you are now on the line for $1000 in fines ($100 x 10). **Your profit of $50, has now turned into a $850 loss**. + +It is important to first ask your friends where they will be parking, similar to a **typical insurance questionnaire**. + +This is why insurance firms go to great lengths to understand the risk profile of their customers. In theory with diversification, this idiosyncratic risk will be reduced as it is better spread out among a larger customer base. **This is a similar concept to how diversification in** [**ETFs**](https://investinglessons.substack.com/p/how-leveraged-etfs-can-return-less) **reduces idiosyncratic risk.** + +# Rising Insurance Premiums and Risk Seeking Behaviour + +**Suppose Amy**, one of Aidan’s friends, decides to abuse the insurance and engage in **more risk seeking behaviour**. Rather than parking in a lowkey residential area, she parks in the middle of downtown where she will be **guaranteed a fine**. + +Aidan, who has been enjoying the fruits of his scheme, suddenly receives 5 parking tickets from Amy in a week, rather than the usual 1. + +There are only two possibilities here. (1) The **probability of receiving a parking ticket has increased**, meaning that everyone needs to **pay more premiums** for Aidan to break even and make a profit, or (2) Amy’s **risk profile has changed**, and she needs to pay more premiums. + +In this instance, it is quite clear that Amy is engaging in risk seeking behaviour, and a rise in premiums should incentivise her against that. This is effectively why your car insurance increases after you have caused an accident, but is lowered after a year’s time of good behaviour. + +# Insurance for Insurance Companies + +While Aidan has been on average making $50 per day, we have discussed previously how it **may be possible for him to lose money if there were multiple fines**. This means that he needs to set aside some money for a rainy day, in case he needs to pay these liabilities — **this is called reserving**. + +There are strict requirements by regulatory bodies that stipulate how much money insurance companies and banks need to hold. Since the great financial crisis, these requirements have further tightened to ensure safety for customers. + +The downside of this, is that huge amounts of a firm’s capital is being tied up in reserves. This money if used, could help grow the business faster. Wouldn’t it be nice if there was a way to limit the amount of risk exposure, to reduce the amount of capital reserves? + +This is where **reinsurance** comes in — the insurance for insurance companies. + +Suppose **Aidan has been keeping a large capital reserve** in case he needs to pay say 10 parking fines in a week. He really wants to access this money, as he could use it to expand his business. Here, a reinsurance firm will be able to take care of **tail risks** for him — say anything over $1000 in fines. + +Aidan pays the reinsurance firm $10 a week, which will limit his exposure to just $1000 — the reinsurance firm pays anything in excess of that. Now, he will be receiving a $40/day profit, but with **limited downside risk**. This is also called **hedging your risk**. + +# Do I Need Insurance? + +In general, **insurance is there to protect yourself against risks that would wipe yourself out**. The reason why actuaries advocate for people to take out adequate cover for insurance such as health, life, disability, home, or car — **is that any of these adverse events are usually greater than our net worth**. + +By **risk pooling**, you are **obtaining the benefits of protection, for just a fraction of the cost**. Worst case, nothing bad happens to you and all that’s lost is the premiums paid. In times when you truly need the insurance claim, **youobtain value far greater than the premiums paid**. + +So when should you take out insurance? + +A **good rule of thumb** is to think about the worst case outcome, and how much it would cost. If that amount will cripple you financially, then take out the insurance. Treat it as an expense, that buys you peace of mind. + +This is also why **purchasing add-on insurance** on kitchen appliances or phones **is stupid** — you are simply losing money. While it is still a lot of money to replace, it certainly won’t cripple you financially (since you could afford it in the first place). + +Edit: The reason why people get motor insurance isn't their inability to purchase a new car, but the huge potential fees you might incur from injuring or killing someone else, or god forbid scraping a Bugatti. It is a protection against damages you cause against others! - which will be 100x the cost of your car. + +**Disclaimer**: *Links may reference other posts I have written in my personal blog* +Like the title said: + +I'm 37 and I'm late to participate in 401k despite having past jobs that offered it. I feel like grade school should have classes on personal finance to equip people to make these decisions better but that's another topic. I made a crappy decision to not "give away my money" to 401k that I desperately needed reserved for my paychecks every week. Now I'm on board though and want to make right where I've gone wrong for so long. + +I'm looking at Fidelity and seeing that I should have at least three times my salary by age 40, put away. I'm nowhere near it. I've only been contributing now for 2 or three years at a rate of 8%. Each year I average a 3 to 5 percent bump in salary. When I got a 3% salary increase, I contributed 2% more to Fidelity and when I got a 5% increase, I contributed 3% more to Fidelity. I felt like this was a strong path being secure in retirement but I'm afraid it's not going to be enough. Should I put more in sooner than my annual raise? + +When my car is paid off should I continue making those amount payments into my 401k since I'm used to it? I just don't want to be stuck with no money when I retire some day. Thanks for any help/suggestions. +Wish I could say I didn't contemplate keeping it. Can't say I'll see that much money "in my hands" ever, or in a long ass time. + +[Here's the transactions](http://i.imgur.com/taLZ8vs.png) (went past midnight so it's the next day now), [original tx](https://btc.blockr.io/tx/info/21960d620b53bb2762e59d8ad7fa7e34bb5f79a49b78ace806e1b3855a739d58), [sent back tx](https://btc.blockr.io/tx/info/da2807cba0de5038d768e694c040312d9a40a7c6eb3e050bfe983ef6784bf011). + +I was using a site to get some stuff off Amazon in exchange for btc, and one item ($38 worth) wasn't working in my wish list. So I was going to confirm that I received the item after I received $38 as a refund, but got this instead. + +No real point, just getting it off my chest. Be careful sending money out there, it's too easy to fumble numbers. +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) +Came across a house that was a deal a week or two ago. Showed it to my daughter and her husband, they wanted to go in on it with me. It would have been a rental. + +Just wondering about other people's experience and feelings on this. + +More info: she will be the executor of my estate when I pass, so she would have control of whatever happened to the property in the end anyway. I feel we would need to have some sort of an understanding or agreement, maybe not legally binding, but something we both sit down and write and sign. It would include how we expect the division of the profits to happen, and what would happen if we came to an impass about the property. Anything I'm missing? +Ok apes, I'm gonna keep this short and sweet. I'm seeing a lot of misinformation regarding the ~214k limit sell on CS. + +The misinformation: You can only sell for a max of ~214k per share through CS. + +The truth: The maximum *limit* you can have in place on CS is ~214k. + +What's the difference? + +Let's say the price is 100k and you have a limit in place for 214k. When the price hits your limit, it sells and you get exactly what you expected. + +Now let's say the price is 69 million and you put in a limit sell for 214k. Because the price started above your limit, it acts as a floor, not a ceiling. CS and the brokers they use have a duty to get you the best price available, any offers above your limit will be treated as a market order and go to the highest available bidder. + +Why is this important? + +Well, first off everyone here deserves their tendies. But also we saw that weird 'glitch' a while back where the price rocketed to, you guessed it, the CS limit sell maximum. Which means we have some apes with their sells already in place who are gonna get short-changed and maybe kill momentum for others. + +I've spent the past few months explaining this to people when I see it come up in comments, but it needs to be common knowledge, every ape should know this. + +Disclaimer: +I'm the very definition of a smooth brain, this post is a distilled and dumbed-down version of my understanding of this post here: https://www.reddit.com/r/Superstonk/comments/sr5a5h/navigating_moass_a_beginners_guide_to/?utm_medium=android_app&utm_source=share + +This post deserved way more attention than it got and, like I said, should be common knowledge. Go upvote the original and if my understanding of this is wrong, please let me and others know - my goal here is to clear up misinformation not spread more of it. + +Edit: reported for suicidal intent already, someone doesn't want us to understand how this works. +# Two New Mods + +Hi everyone. Really short post. We have added two mods to help with general moderating tasks around the sub. They are going to be long term mods, and they are so far impressing the rest of the mod team. I think we have some dedicated people coming in. + +As I forewarned, we would be expanding the mod team, and creating a structured system of limited permissions for each mod. It still stands that "config" permissions only exist for myself u/redchessqueen99 and u/rensole. We are still working together great, and these changes were discussed and agreed on with the mod team. + +Actually, these two have been in chat with us for a day or so and we're getting along great. + +**Please welcome** u/Nauaf101 **and** u/Hieronymus1_1 **to the mod team.** + +# Restructuring + +Please do not be alarmed if over the weekend (April 9-11) you see mods being removed. **I am going to be moving** u/rensole **to the #2 spot on the mod team (I am admin, Ren is Top Moderator after me)**, and then preserving hierarchy by removing mods and re-inviting them. To some, that may be alarming, so I am warning you now. All the mods know we are doing this. It's coordinated, so rest assured, the mods will all be added back quickly (or as soon as they accept because I will be doing it as quickly as possible). + +This restructure is a one time thing and you do not need to worry about it happening all the time. It also is a critical aspect of our mod structure, as Ren and I will be a double-layered defense against any compromised mods. + +That's about it. Thanks everyone! + +♦️Red + +EDIT: It's looking like this will primarily be done tomorrow. Rest assured u/rensole will not be removed at all, only the other mods and then reinvited in order. Thank you! + +EDIT 2: Also, we have a few mods who are not that active, so we may rearrange slightly so that the active mods doing some great work are higher on the totem pole. We want an active mod policy of sorts. + +EDIT 3: Please note that despite this hierarchy, all mods are considered a team in all regards and autonomous in some. Ren and I are equal admins, and the mods are equal mods. This is a big part of our organizational leadership, as it allows mods to be independent but also have accountability. + +EDIT 4: u/atobitt will be added to the mod team as a strictly DD-focused role with limited permissions for reviewing DD posts and SuperstonkBot +Has anyone successfully attained or will continue to work from home in a part time/casual job? + +Work is wanting a return to offices likely next week and the commute for me is just too far. + +I've negotiated one day at home but want all my days to be at home. + +My work involves me having to travel far as well. +Hi there, + +I need a bank loan to buy a house because I don't just have a spare $400, 000 lying around. I've saved $100, 000. I have come 2nd to about 6 cash offers on houses in the last few weeks. Sometimes I've had a higher bid. + +What am I supposed to do here? Or any other first home buyers who don't have the immediate finances? + +I'm obviously exhausted but thought I was doing everything right :( +A little over a year ago, both my wife and I were unemployed with our first child on the way. I landed an interview, but thought I bombed it. But two weeks later, I got a phone call from HR double checking my salary requirements. I replied with $60k, which was about 10% more than I made at my previous job. I thought there would be some negotiating, but they sent me an offer letter with the full 60k. I obviously accepted. + +Fast forward a year. I love my job and the people I work with. Everything is great. + +I have access to my predecessor's inbox to be able to find pertinent information/conversations regarding old projects. One day while doing exactly that, I saw an electronic copy of her W2. I really shouldn't have clicked it, but my curiosity got the better of me and I saw that she earned over 80k in base salary. Obviously I got a bit of sticker shock, then a little jealous. + +Without addressing salary at all, I asked my manager how my work compares to that of my predecessor. I know she was well liked and good at her job, so I wanted to double check that there were no gaps in job responsibilities or performance that could be used to justify a lower pay grade. My manager assured me that my performance has been equal in most cases and even exceeds in a few areas. + +So I guess my question is this. In the next month or so, I have an official performance review with the head of HR, my boss, and the owner of the company (small business, approx $20mil in sales annually.) How can I use this new found knowledge to approach this conversation? Obviously I am not going to mention the W2. I have been very happy with this company and have no desire to leave. I don't even truly feel underpaid. But now that I know that I left money on the table, I want to see what we can work out. + +Thanks for your thoughts! +What are some of your most important lessons? When did it really started to work? Lately I'm just trying to make more trades and sell one contract at a time, build into a position rather than going all in at once. I'm dreaming about the day when I can quit my day job and just do this. Thx, cheers +I see it recommended over and over but I can't wrap my head around why we need it or how much we'd need + +My wife and I are both 32 and overall healthy, looking to have kids next year if all goes to play. + +My income is 500k, hers is 350k. Net worth right around 2m (1.2m brokerage, 600k retirement accts, 200k real estate equity) + +I don't get what hypothetical scenario would exist that we'd need term insurance where our existing investments wouldn't suffice. + +Right now we rent an apartment but will buy a house in next 5 years. Let's say our NW is 4m by then (we invest 300k/year) and something tragic happens to me and wife isn't working - this seems like the worst case scenario to me. + +She could sell the house (let's say 1.5m house) if needed - sure may lose a little, but that's fine - and raise the kids on our existing NW quite easily. Even if didn't want to sell the house, could make the mortgage payments and live off 4% (160k) and potentially go back to work. + +Now, let's say she doesn't wanna go back to work and wants to maintain same QoL we had with my income - that'd take like 10m in insurance (using my income over next 10-15 years as benchmark) which starts to become costly. Maybe just have enough to pay off any reasonable amount of debt we'd have (2-3m?)? + +Looking for guidance/thought progress behind figuring out if/how much insurance we should have as most guidance online doesn't assume you'll have 7-8 figures in investments in your 40s. + +Thank you + +EDIT: This has been absolutely incredibly helpful, I love this forum for things like this. Genuinely, thank you! +>Chinese President Xi Jinping took to the virtual Davos stage to address Fed Chairman Jerome Powell with this message: **Please don’t lift interest rates.** +> +>“If major economies slam on the brakes or take a U-turn in their monetary policies, there would be serious negative spillovers. They would present challenges to global economic and financial stability, and developing countries would bear the brunt of it,” said Xi, according to a transcript of his remarks on Monday. +> +>Of the major central banks, the Fed is expected to be the most aggressive, with financial markets now pricing in four rate hikes, and the U.S. central bank is concurrently expected to start reducing the size of its nearly $9 trillion balance sheet. Yields on the benchmark 10-year Treasury [TMUBMUSD10Y](https://www.marketwatch.com/investing/bond/TMUBMUSD10Y?countryCode=BX&mod=MW_story_quote), on Tuesday reached the highest level since January 2020. +> +>Traditionally, Fed officials brush off concerns about how their policies impact other economies, saying they can only make monetary policy for the U.S. economy. +> +>Xi has reason to be nervous about Fed tightening. +> +>Despite [tariffs that were started by President Donald Trump](https://www.marketwatch.com/story/u-s-manufacturers-blame-trump-era-tariffs-for-inflations-rise-11622387247?mod=article_inline) and [continued under President Joe Biden](https://www.marketwatch.com/story/biden-may-tone-down-war-of-words-with-china-but-trump-tariffs-not-going-away-soon-11605132400?mod=article_inline), Americans are still aggressively buying Chinese products. Through November, China was the No. 1 source of imported goods at $463 billion, topping Mexico at $350 billion and Canada at $324 billion. +> +>Craig Bothan, chief “China+” economist at Pantheon Macroeconomics, pointed out that export growth has helped China compensate for weaker domestic growth and propped up its manufacturing sector. +> +>China’s economy continues to slow, falling to a 4% growth rate year-on-year in the fourth quarter from 4.9%. On Monday, the People’s Bank of China cut two policy rates by 10 basis points. + +Original article: [https://www.marketwatch.com/story/xi-jinping-warns-fed-against-hiking-interest-rates-11642502735](https://www.marketwatch.com/story/xi-jinping-warns-fed-against-hiking-interest-rates-11642502735) +I went to El Salvador with no expectations. When I first landed it felt hot, lovely. Had to wait for a friend so I grabbed the rental car, where they try and scam you for insurance, and went for a coffee. Friend arrived and we drove to El Zonte a.k.a Bitcoin Beach. + +The drive we thought we were going to be shot, not sure why but you hear stories. We didn’t get shot. Checked in the Airbnb no probs, no hot water though. + +Next day we drive to the beach for coffee and bump straight into Max Keiser and Stacy Herbert, said hi, Stacy was nice but Max was not interested, I probably wouldn’t be to be fair, especially when I’m after a coffee. + +Bitcoin signs everywhere, talked to a bunch of people and some knew about bitcoin but mostly not, felt like just a lot of travellers there passing through. I think all the stuff you see online you assume everyone is walking around with Chivo wallets but it doesn’t seem to be the case, maybe other places it’s like that but not here. + +We contacted some estate/realtor agents and saw two properties just to see what’s available, this place literally has nothing, when I say nothing I mean you’ll need to put water in, electricity, it’s so behind the times that most people here live in tin shacks by the road/river. It seems that there’s chancers there trying their luck to get bitcoiners to buy shacks but there really isn’t any point… the reality is you can’t either, not straight forward anyway as you’ll need a lawyer and even if you buy something you’re not 100% sure you own it, it’s confusing, plus the government has some rule where they can take property off people. + +My thoughts are this won’t be the future of Bitcoin, it’s so behind the times. The people were lovely, beautiful scenery, great weather but realistically this place will take 20 years to develop and in the next couple of years there will most likely be other countries adopting Bitcoin, countries which are already developed. + +El Salvador is definitely cool and will probably the Mecca/pilgrimage place for the future of where it all started to be accepted but I can’t see it being anything but that. I actually hope I’m wrong because it was first and deserves so much more but after visiting and seeing how undeveloped it is I’d be very surprised if people actually go there. + +If anyone has been to San Salvador and people are daily using their Chivo wallets then please comment, I hope there is more use of it as I read millions of people have them but whether they’re active accounts would be interesting to know. + +The last thing I want to say is this trip has made me realise how truly early we are still… one place is using Bitcoin and it’s underdeveloped. I can’t imagine what Bitcoin will be like when everyone is using it… it blows my mind! It’s so early. +US market has been tanking considerably in the last few sessions, and given the upcoming Fed announcement, it is expected to fall even more. However some US analysts are predicting an uptrend in the second half of 2022 and a net positive end of the year. + +As someone who is only invested in the Indian market (4-5 years exp in investing, high risk appetite), is it wise to take positions in US stocks now? In case yes, what stocks would you suggest? And in case no, then do you believe that a possible recession is coming in the US/global markets? + +Edit: Many replies seem to have assumed that I'm a very young investor and hence I don't have experience. Hence updated the post - I do have 4-5 years of experience investing in Indian instruments and hence I'm not looking for the "easy" way, I'm looking for the best way to enter into the US market. +I understand that shorting costs interest on the loan, but that's all I'm coming up with. + +As /u/ReadThinkLearn pointed out, it may just be in a temporary losing streak. +Saying "we are still early" is a form of confirmation bias and coping mechanism people use when in reality we aren't that early anymore. Bitcoin has a trillion dollar market cap and is the 10th most valuable asset in the world. I wouldn't call that being "early" anymore. Ethereum is #15. Large companies are now buying these assets. The days of 100x your money in a year is basically over. As for the shitcoins that do do that, look at the volume at the start. Barely anyone was trading back then. + +Do I think there is still a lot of room for crypto to grow? Yes, but this isn't 2011 anymore. Most people who buy now aren't going to make insane gains and that's just the truth of it. There are 15,000 shitcoins in existence now, back in 2011 there were maybe 5. And the industry just started back then, now it's been around for 12 years. Much different ballgame now than it was back then. I'd say we are somewhere in the middle. Big gains can still be made but don't make the mistake of thinking this is 2011 and expecting a 1000x in one year. +Edit: I guess my post could be summarized as: +What percentage returns could a successful trader expect? + +Can you make big enough returns, percentage wise, to justify trading with such a small account? + + + + +I was thinking about this because of something I read here. + +I was thinking that even if you can make 100% a year, that would still be peanuts. Unless you could do it trading 1 hour a day and keeping a day job. + +But if you wanted to do it full time, wouldn't you need to make at least 50% a month to grow at a decent rate? + +If you made 20% a year on average, you would need a huge account to make a living off it. + +I've read that if your learn to trade, money will find you but that sounds like wishful or magical thinking. I don't know how are traders supposed to be magically found. + +Maybe you sign up to fund seeder and then you get a job if you're lucky but at that point, wouldn't it be better to just learn something with a way higher likelihood of success and just get a normal job? + +It makes me feel that for people with a small account, most people, maybe it's not even worth it. + +And online "prop firms" give you tiny accounts if you consider the risk limits. A lot of the time it's like trading with a $5,000 account or less at which point you might as well use your own money. +First off, I want to thank you all so much for this community. Absolutely priceless! + +Alright, so I've reached my FIRE number and I've finally put my notice in for my day job. I've been a saver my entire life (I'm 43)... and I have to admit lately I've been having a ton of anxiety about the future. I feel like that will translate into me penny-pinching every dollar once I have no paycheck. + +For those that have FIREd, how have you dealt with the guilt? +Work and studied in Brisbane, applied for 42 jobs since I graduated, interviewed with five, was offered two, accepted one. All interviews were generally a phone call, followed by a zoom interview, followed by an in person interview. I asked for a $55k-60k salary when appropriate. + +Thought it would be useful for grads in a similar field / those curious to see my job search since graduating. + +&#x200B; +I've lost both my parents almost back to back which isn't uncommon but damn if it isn't hard. On top of that I've found out that they were proper planners building a small fortune that we never knew about and putting correct beneficiaries in their assets and not in their estate. I've still got an estate to wind down but everything of real consequence is not in it. + +Quick background that I'm in my late 40's. Own a small but growing mom-and-pop business with my wife, in-laws, and about 7 employees and a small tech firm that I run by myself to help companies grow (my roots are tech and I love to problem solve.) After 13 years the family business has finally turned well into the black and have just now started thinking about how the hell we save again. I've also got a 10yo son. + +My family has been with what was Legg Mason -> Merrill Lynch -> Merrill for good or bad (as I've read how many do not like M or handholding or their fees. I get it.) + +My sister and I are in the split here but this is my allocation: + +* Beneficiary IRA @ 750k (10 year window, no strings gating its use but taxes on the draw.) +* 200k CMA (don't really understand this account yet--I believe it's already had taxes on it but might be subject to some other witholding?) +* 50k Bank Cash +* $200k note remaining on a 415k house (my family wants it, sister has zero care but I will have to buy her out. We will also need to spend some on fixing it up.) +* Personally 100k remaining on 220k condo (we'll be renting it to my in-laws then keep it as a rental whenever they pass. Also needing some TLC/fixing up.) +* Personally, we sunk everything into the business to save my in-laws a decade+ ago we have almost no savings (and no 401/IRA) and we currently make <45k a year combined. That's changing but it's taken us a long bloody damn road to carve out things. The universe has consistently laughed at us throwing us back but we survived and are thriving. +* Business is debt free but we need to pivot hard in the next few years to grow (move out of retail position into new smaller retail position and move manuf. into flex space w/ growth/wholesale/retail in mind.) + +I know many don't like Merrill but I gotta tell you my father and his advisor were an amazing duo. I've known him for about 5 years and I really can't brag on him enough as a person. While my father was in hospice he visited regularly and has made sure everything is taken care of. Now I know it's part self-interest but after this much time I don't think I can bring myself just to break that relationship. At least not in any short term measure. I've yet to meet with him on how we want to wind down these properties but I thought it wise to back up to a larger view and see what the collective might offer. + +Thoughts? Questions I should be asking? Things to be aware of? Paths I might want to follow? I'm swimming in a sea of probate BS and setting up will-oriented-trusts for the grandkids we couldn't shake so my bandwidth for some of this is short now but will open with time. Giving me some fertile ground though is very very appreciated. +https://github.com/Defi-Cartel/salmonella + +So basically some miners are scummy. When you use uniswap your trades go to a miner to put in a block, so miners see the trades you're trying to make. + +Miners have scripts that automatically insert their own transactions into blocks ahead of your trade to intentionally counter your trade at their profit, which makes your trade more expensive. + +Some guy (link above) didn't like that, so he made a ERC20 token with a "bug" in it where when you transfer it, 90% of the value doesn't switch owners. + +He then setup juicy looking trades on uniswap that miners (ethermine mostly) noticed, and when the miners tried front running those trades they lost 90% of their ETH, which amounts to hundreds of ETH. +The short is that my wife and I were making over $120k. I drove a stupid expensive truck and she needed to quit her job. + +Cut to late last year where I ditched my truck for an electric vehicle saving a combined $500+/ month gas and payments. She quite her job and got $5k in back pay, the EV tax credit yielded me a $6.5 tax return and my work bonus was $3k. + +We also heavily reorganized our finances, changed insurance providers, and got our spending under major control. We were never at risk when she was working, but we ate out too much and spent too much money on junk. + +We took this "windfall" $14k and sat on it as it came in across Jan/Feb/Mar. I watched our savings grow past our emergency fund limit and everytime I had the urge to go out and upgrade my vehicle again I would pay off a student loan. I just made another payment and feel proud that I am working to dig out of the hole instead of digging deeper in. + +Anyone struggling out there, when you get money don't do what you want to, do what you need to. I am confident that buying that vehicle wouldn't have truly negatively affected me, but the loan is something I won't be living with and that will be unequivocally the better life option. + +Thanks for reading as I still fight the emotional feeling if wanting my expensive luxury truck I can no longer afford a down payment on. +Long story, been working IT for a company for about 2.5 years now. Currently working at the same rate they brought me in at. At the time, it was a very competitive salary for what I was doing, however, now with all the extra responsibility I've received, I think it's time that I make quite a bit more. + +&#x200B; + +The reason I started thinking about this is because they brought in another IT guy (pretty different from what I do, think end user support vs. Asset management), but his pay was SIGNIFICANTLY higher than mine. Even weirder, I reported to this guy's BOSS, so technically I was higher level than him but still made the same amount as when I came in. + +&#x200B; + +I've received good sized lump-bonuses every year while working here, but never received a permanent wage increase. I've recently moved around business lines, gotten a slight promotion with a hefty amount of responsibility, and have been doing pretty well at it for the better part of a year now. Now I think it's time to schedule a meeting with my boss and discuss a pay raise. + +&#x200B; + +I'm getting a solid list of items together such as my new responsibilities, the competitive asset management salaries around the area, etc. Just looking for pointers such as: + +\- What else should I have prepared other than general reasons I think I should get a raise? + +\- Based on my time with the company and the recent promotion, how much % increase should I request? + +\- Any tips on the meeting with my boss? + +&#x200B; + +Any info would be incredibly appreciated. Really hoping to get a pay increase so I can afford a new place with my gf. Thanks so much for anything you guys can offer! + +&#x200B; + +EDIT: Just wanted to say thanks so much for all the help here!!! Literally never had so many replies on a reddit post before, this is BEYOND helpful. + + \- also: Sorry for the confusion, I meant to say I report to the past guy's boss's boss, meaning I'm at the same level as the new guy's boss. + May 23, 2022 + +GRAPEVINE, Texas--(BUSINESS WIRE)--May 23, 2022-- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced it has launched its digital asset wallet to allow gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens (“NFTs”) across decentralized apps without having to leave their web browsers. The GameStop Wallet is a self-custodial Ethereum wallet. The wallet extension, which can be downloaded from the [Chrome Web Store](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fchrome.google.com%2Fwebstore%2Fdetail%2Fgamestop-wallet%2Fpkkjjapmlcncipeecdmlhaipahfdphkd&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=Chrome+Web+Store&index=1&md5=6520ad5a23cbc5c18d6f9ec6fdf52980), will also enable transactions on GameStop’s NFT marketplace, which is expected to launch in the second quarter of the Company’s fiscal year. Learn more about GameStop’s wallet by visiting [https://wallet.gamestop.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwallet.gamestop.com&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=https%3A%2F%2Fwallet.gamestop.com&index=2&md5=80dcf035e7cc67638f5a8b7a63699617). + +**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR** + +This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally, including statements about the Company’s NFT marketplace and digital asset wallet, include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” “when,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the SEC including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 2021, filed with the SEC on March 17, 2022. All filings are available at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=www.sec.gov&index=3&md5=26d736755e4ee16961fcb8b4827b0c6b) and on the Company’s website at [www.GameStop.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.GameStop.com&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=www.GameStop.com&index=4&md5=8418da18bb3695cd1b6527e4701db016). + +View source version on [businesswire.com](http://businesswire.com/): [https://www.businesswire.com/news/home/20220523005360/en/](https://www.businesswire.com/news/home/20220523005360/en/) + +GameStop Corp. Investor Relations +(817) 424-2001 +[ir@gamestop.com](mailto:ir@gamestop.com) + +Source: GameStop Corp. +http://www.moneycontrol.com/news/business/companies/rana-kapoor-in-talks-with-paytm-to-sell-stake-in-yes-bank-4418871.html + + +Rana Kapoor looks at exiting Yes Bank by selling his and his family's stake to Vijay Shekhar Sharma for up to Rs 2,000 crore. +There are a bunch of discussions going on (some informed others not so much ) about what is going to be successful and what is going to crash in 2018. I thought it would be great to consolidate peoples positions in one easy to find post so our future selves can easily revisit (to cry over/to smugly refer people to/to quietly smile and pat yourself on the back/etc) + +I invite you to look into your crystal balls, post your picks and set a "remind me". The more detailed your prediction the more bragging rights or mockery your future self will earn! + +I will start with mine: + +NEO - to the stratosphere + +Stellar Lumens - to the mesosphere + +IOTA - to the International Space Station + +Bitconnect - will die in an alley during a deal gone bad + +Bitcoin Gold - will die of untreated diabetes + +Eth classic - will go missing and will be presumed dead + +(I posted this in r/cryptocurrency too. I hope that doesn't break any rules. I meant to post it to this community but posted it there in error and I can't delete it because people have started to respond. Not my intention to spam but I want people here to take part) +Excluding blue chips like Apple and Microsoft, what companies do you believe will best weather the storm and likely be back to where they were before the pandemic. What companies stocks are down the most right now, that you don’t believe have a high chance of going bankrupt? Whether it be 2 years or 10 years, what stocks right now do you personally believe will pay off the best when this is all over? +In general, what proportion of the return from real estate is rent and what proportion is property value appreciation? I've been told you definitely can't beat the market without both. Is it about half and half in most cases? +I’m young (soon to be 25) and my goal in life is to not have to “work” in life. My current idea/attempt at achieving that goal is to buy a multi family house, live in a unit, and use that rental money to pay the mortgage and save for my next multi family house. Repeat said cycle until I can quit my job and live off of rental income. + +I currently have 28k saved and I would like to purchase something around 2-300k (medium sized city, most individual houses are 100k). I’ve never bought a house, my family has always rented and has no experience doing any of this. + +I’ve been on YT, going through internet guides, and now pestering all of you trying to learn the steps and process of buying a house, along with ensuring that the property is a money making asset (it cash flows) etc… + +I have read about FHA loans and I don’t know if they are a good vehicle for what I am looking to do or if I should save up more and go with a more traditional loan. +So my questions to you lovely people are: + +1.) Is this a good idea going in with no experience? +2.) What can I do to lower my interest rate? +3.) How much profit per unit/building (before and after taxes) should I look for to make it worthwhile for my strategy of (possible) exponential growth? +4.) What things should I look for or worry about that isn’t obvious to the casual observer? +5.) With the capital I have accrued is it potentially worth it to buy a property to renovate prior to renting if the location is good? Or should I just buy something that I can simply “slide” into? +6.) Can I have a house built? Obviously every answer comes with the caveat “it depends”. Having no experience leads me to say no, but I don’t know what to look for nor do I know how much money I would need to start that process. +7.) Am I just being a really dumb young guy and should just buy a fast car and accept my 40hr work week for the next 40 years? + +Some info that might be important in sussing out my situation: + +AGI: 55k +DTI: 19% (I have a credit card payment, I can obviously pay it all off now if I wanted, but 0% introductory rate so I don’t feel an urge to do so unless I need to) +Credit Score: 760 + +Thank you for being nice and civil! +I have $65,000 in savings. I’m 38, work freelance, make around $35-40,000/year, save about half of that while keeping expenses low. I own a home with a rental unit and have 14yrs left on my mortgage (just refinanced). +I have a high interest savings account (1.25% APY), and recently started a Roth IRA. +I really want to grow this money over time, but am afraid of losing in the stock market because I know nothing and don’t find learning about it at all interesting. +What would you recommend doing with my savings? +...I don't think I understand how! + +It was designed to capitalise on a specific pattern I observed and is Forex based. I however get this nagging feeling that the way it makes money is not consistent with how I conceived it originally. + +My questions: + +1. Should I just ride the wave, any risks with blindly going with the flow? What kind of kill switch do people implement with algo bots for when things start to go horribly bad? + +2. How do you approach a complex problem with many variables to identifying true drivers so you can better grasp what is going on. Any articles or thoughts on systematic analysis will be much appreciated. + +Ask away other details. +I work with a few universities - large popular ones for international students - Leeds, Bristol, Loughborough. Something I have heard from all three in recent weeks is that international enrollment for 2021/22 is way down. + +2020/21 was a quiet year : 30% enrollment compared to usual. I thought we would see a bounce given our improving situation but numbers are even worse than last year - possibly as bad as 15% normal numbers. + +It's relevant because apart from the universities themselves there are businesses which depend on wealthy foreign students: DIGS comes to mind which is a REIT for posh student accomodation. Any others? + +This doesn't seem to be general public knowledge yet so I thought I would share. +Seems to be because of three things happening. + + A takeover bid by Wizz Air was rejected. easyJet announced a 1.2 billion rights issue, which seems pretty high for a roughly £3 billion market cap company. + +And there is the slow realization that easyJet is not recovering as fast as other airlines like Ryanair - currently it is using about 60% of pre-covid capacity. The UK travel restrictions system seems a large part of this problem. + +I regret not selling after the Spring bounce because it seems the price is unlikely to recover anytime soon with such a huge amount of new shares issued? But wondering whether to take up the rights offering which will have a 35% discount? +Hello everyone, + +I have been a member of this sub for quite a while, and though I have been inspired by many, most of the posts here seem to be written by those who already on the FI journey for quite awhile, and sometimes its hard for me to relate to.Most of my saving was used as a downpayment for our first apartment with my spouse, and I started saving again almost from 0. + +Before we got this place, we made a decision not to buy anything major (furnitures or devices) for the new home, except things like absolutely necessary like lightnings and so on. It's been only a few months after the purchase of the apartment, but we have replaced our sofa, most of our kitchen wares, got new coffee maker, microwave, made the cat its own catio on the balcony, new sets of linens, etc. Reasons are because either something broke, or too old or ugly and didn't fit into the new place. I also upgraded to the new iphone, and the old one went to my spouse as her old phone battery is dying fast and unreliable. But you get the picture. + +Now we don't have to finance any of those purchases, but it means the saving stash grows quite slowly, and though I understand the mathematical part of saving, it still feels so little and sometimes i just want to treat ourselves a nice dinner or a day out doing something fun. It sounds like we are the basic consumers, but we were very frugal in the past, especially when both of us were studying. Most of our stuff were old, or given to us, and when we moved into the new place, the apartment has a newly renovated kitchen and bathroom, and all of our stuff suddenly looked like an eyesore. To be honest, I am happy with how our place looks like right now, as I reasoned that those would be 1-time purchase for quite awhile. I also feel like I don't have as strong motivation to save as before the apartment purchase, but I definitely want to be FI. + +My question is when it is a lifestyle creep, and when it is not? How do you justify these impulses? + + +Edit: Thank you everyone so much for your comments. I have received a lot of good advice here. For context, we are living in Finland so we don't have the investment systems like Roth or similar kinds like in the States, but I pay about 7-8%/month for social security (or state pension fund) & unemployment fund. Meaning if something happens and I lose my job, I would get unemployment compensation for roughly 75-80% my monthly salary for about 6 months while looking for a new job (or more - maybe, i never really look into it). + +We both had small investments in some basic index funds & we didn't have to sell them when we purchased the apartment. We keep our finances separately for tax reasons, and have a mutual account for family stuff. Beside mortgage, we don't have any other loans. We both have about 2-3 month salaries for emergencies, and we don't touch them if we want to buy things like phone or furnitures and so on. + +We keep a relatively low cost lifestyle but like some people pointed out, probably we had been too frugal in the past and when we bought the place, we sort of went overboard. We do maintain a budget but it's only for the mutual expenses. + +Now I will try to set up some sort of discretionary money like some people have suggested, i think it's a really good idea. +Think about it. All that's left are diamond handers. There's essentially no point in selling for *anyone* still holding as the upside is likely far greater than the downside as a result of losing so much money already. Paperhands are out of the way and would have sold long ago so there's less need to worry about existing GME holders selling (more confidence). Assuming WSB continues to hold/buy and is prepared for weeks to months of holding/buying, theoretically, this stock will catapult upwards. Worst case scenario is the hedge funds decide to cover sooner. In that case, there's a good shot of making back your money/profiting. Best case scenario, they refuse to cover, the stock slowly goes to the moon, and we're back in tumultuous short squeeze scenario, again, but this time everyone has moved to a broker that isn't pure trash. There's still around 55 percent of float shorted and I suspect it'll increase. + +And here's the kicker: + +Once the stock starts to rise, however long that takes, guess what's going to happen? All the paperhanded folk are going to jump right back in, or at least a lot of them. Guess what else? All those paperhanded folk likely made quite a bit of money on the way up the first time, therefore, more capital. GUESS WHAT ELSE ELSE? This just essentially means you can theoretically make even MORE MONEY by lowering your cost basis. GUESS WHAT WHAT ELSE ELSE ELSE? Uh, nothing, that's it. + +TL;DR WE LIKE THE STOCK +I guess it's not as cool as a house, car, or traveling the world, but in the spirit of some of other recent posts, I figured I should share my story of paying off my school debt one year before graduating with a dual-grad degree. + +I graduated with a Bachelor's in philosophy in 2012 and immediately went into political campaigning for an Independent congressional candidate. I was pretty fed up with the system at the time (still am), but figured I could try to help fix it (or replace it) with non-traditional ideas of breaking down consolidated power. I learned of Bitcoin while on the campaign trail and it fit into my vision of a more technology-driven, decentralized society. I put most of my campaign income into it while riding the Mt. GOX bubble, and coincidentally pulled most of my money out ~$1100 USD (back when that was a big deal) to pay off college loans right before the hack. After we lost the campaign (though we got 48% as an Independent against a 40-year incumbent liberal in LA!), I decided to go to law and business school to become more useful towards my mission. + +Last year in January my friend from High School posted on FB that she had built a wallet for something called "Ethereum" which used blockchain to run something called "smart contracts." Being in law school and already somewhat familiar with blockchain, I stayed up the whole night researching this new project and how it might affect the legal profession. I quickly realized it wasn't so much about law itself as about revolutionizing how we think about power bottlenecks and trust vulnerabilities, and by that weekend risked $10k of loans into ETH. I built a little miner and pivoted my entire focus in both schools to relevant areas, which only elicited the skeptical warnings of my parents, girlfriend, classmates and professors. That was when ETH was ~$4. + +I can't live in or drive my ETH winnings, but while many of my classmates are graduating with ~$200k debt, I'll be leaving school with one more degree than them and financial freedom. I'm excited to enter the workforce positioned as an emerging expert in blockchain-related law, commerce, and finance, and hope to leverage my early good fortune to help grow the industry and to contribute to the peripheral infrastructure necessary to ensure its success. I'm still a HODLer and have started receiving payment for legal services from clients in ETH and tokens, which kind of makes me feel like things are moving faster than we think. I am amazed by the ETH community every day, especially the collective/collaborative energy that permeates the ecosystem, the mind-blowing projects that are announced on a near-weekly basis, and for the opportunity to feel like I've found a groove in the world where I can really contribute and excel. Even in the unlikely event that this all falls apart, I'm in that boat of having received way more from the experience and the movement than I would have by its not existing. I am particularly grateful to /u/insomniasexx for making that silly FB post about some (at the time) side project she was playing with while otherwise trying make ends meet that turned me onto this whole mess. You all rawk and looking forward to doing what I can to help build this rocket ship to the moon. +I really hope this post doesn't come across as quintessential 'wow i'm 20 and only have six figures in savings how ever will I manage' but I'd genuinely like advice. I know this is a nice problem to have. + +I'm 20 and have made 120k (after tax) in crypto. All sold, sorted and tax return being prepared. The entire 120k is now in a Vanguard account invested in the FTSE Global All Cap (split between ISA and GIA). + +I don't know what my next steps should be. My salary is 16k as an office assistant so this is a fuck ton of money for me and I don't want to mess this up. I'm torn between keeping it in the markets for the next few years while I rent/flat share (currently live with parents but they're driving me mad so I'm thinking of leaving later this year.), or just buying a house with a mortgage later this year or next. + +I can't decide. Renting gives me flexibility as I'm at the start of my career, but my friends and family (will probably regret letting them know my situation but never mind) all agree it's throwing money away if I can afford to buy a house, and 'most people my age will never be able to so I should go for it.' However, buying a house gives me so much responsibility and I don't know if I'm ready for that at this age. + +Does anybody have any advice? + +Thanks a lot +So as the title suggests after 5 months of dabbling in the wheel strategy, I've come to the conclusion that CSPs are better than CCs. + +CSPs provides much more flexibility in that you can roll down and out if the stock moves against you or if you have second thoughts and want to avoid assignment altogether. Most of the times you are even able to do this for a credit. + +Whereas with CCs, you are pretty much at the mercy of the underlying. Sure you can roll up, down and/or out as well but if the price is below your cost basis, you're pretty much bagholding. The premiums received doesn't compare to the drop in value in most cases. + +I've only started rolling last month, if I had discovered or learned about this sooner I would (possibly) have been able to avoid assignment on a lot of meme and questionable companies. Admittedly, I was chasing high IV at the time... mistakes were made and lessons learned. + +Another benefit of selling CSPs over CCs is the ability to use margin to increase you're buying power and not incur any interest until taking assignment. Personally, I don't think I'm worthy of such powers but it is a great tool to have provided you are honest with your personal risk tolerance. + +Curious to read what you guys think and whether or not if you have any additional suggestions and or insights based on your personal experiences when it comes to wheeling/rolling. +So with the latest pump in shib it hit a new ath just now. How far is this meme coin going to go? Do you think it has the potential to surpass dogecoin? + +It is currently up roughly 40% today as dogecoin still has not moved at all in months as most coins have recovered and reached new ath. + +I don't hold any shib but I can't say I'm not interested to see where this goes and I'm interested to see if a crazy pump like dogecoin did earlier this year will happen again which would make it take the #1 memecoin spot + +Congrats to anyone who took a gamble with shib + +EDIT: As expected the downvotes come in when you mention shib and don't say something negative about it +I came home after Thanksgiving to a mailbox full of junk. Luckily, I noticed the two nondescript letters from USAA, each just a single page message saying they are closing my accounts in 30 days: the first one listed both my checking account and my savings account; the second listed the two credit cards that I have with them. In total, they are closing every service that I have remaining with them. About a month previously, I transferred my auto insurance away from USAA when I received a much better packaged rate with my homeowner's insurance company. I assume this current predicament is in no way retaliatory. + + +I have had these accounts for for my entire adult life. My pay is direct deposited there. My utility bills are sent electronically to and paid from those accounts. My reoccurring billing is setup on these accounts. Transfer everything without missing something is going to be a not so fun task. + + +I have not been able to get any information about why this is happening. The letter just said that this is allowed under the depository agreement. In fact, I have received no other communication about this, nothing physical nor any digital information on my online account. When viewing the online account, there is no indication anything is even happening at all. There was no warning this might happen. When I speak to representatives they tell me to hold for 2-3 minutes, just to come back after a much longer hold to say that there are no details listed. I escalated to an Executive Resolutions Team member who similarly underestimated the hold duration before telling me she cannot tell me anything. When I pressed for an explanation I was informed that this is a business decision by some some unknown behind the scenes actors and she cannot tell me any of the details. I was offered the consolation that my feedback on the issue has been recorded (that's nice~). + + +This is the part that concerns me: I am not sure if she cannot tell me because she doesn't know, or because she is prohibited from doing so. I feel like I was rather cordial but continued to express my concern/confusion about what could have lead to this termination which lead her to offer a suggestion that it may have to do with something uncovered about my background. I don't know if this was purely speculation or some insight being passed along in disguised. She offered a criminal record or arrest history as possibilities, neither of which are applicable. I have no bounced checks, late payments, etc..., or even fraudulent purchases from my accounts. No known identity theft. So what was in my background that they found? I asked, no answer was available. The people who made the evaluation are off limits, cannot be contacted. I feel like I am in a movie trying to get access to the Men in Black or some Greek peasant trying to gain an audience with the gods. + + +Do I need to be worried about some illicit activity being done with my identity? Do I need to be worried about future banking issues with existing or new accounts? Will the accounts closing affect my credit drastically? I have a secondary (now primary, ha) checking account and other credit card accounts. I have a mortgage that is only 3 months old. No one else has thus far had any issues. + + +Any recommendations on how I should go about replacing the utility of the closing accounts (e.g. web bill pay)? + + +Edit: I don't believe anything nefarious is happening with my credit. I have fraud monitoring and monthly credit reports, nothing unusual has happened. My credit is otherwise great >800, although I do worry what will happen as a result of these accounts closing as they are my oldest accounts. +No saving for retirement. No saving for a house. We are two paychecks away from living on the street. + +Most people invest in crypto because they know living paycheck to paycheck is like being a slave. Now it's almost impossible to own a house when you barely afford to survive. +Whether the numbers are above or below current estimates, tomorrow is a hype-day. + +These confirmed data-points for Dr Ruth's Sex Book are my personal highlight of the quarter, letting us know how far along we truly are in fucking the hedgies. + +As always, expect fuckery around the earning calls! +Just a story I felt like sharing. No questions asked and no deep insights provided. + +I am now 40 and still working. + +I was just over 22 when I got out of the military and entered the world of government contracting in IT. At age 25, I had no responsibilities, no bills to speak of and a very good paying job. I discovered the 4% rule and planned to retire at 35. Ten years was all it would take for me to save the money providing my situation didn't change. + +Then I got married, bought a house at the peak of the bubble and had kids. + +The revised plan is 57. I converted to being a government employee and that is the minimum age that I can collect benefits and keep my health plan unless they offer VERA (voluntary early retirement authority). I have plenty of other investments that would allow me to retire earlier but it certainly feels safer waiting now that I am responsible for 3 other people. + +To the extent possible, I am trying to live my life now the way I will when I am retired which is a complete dichotomy. + +One side of the dichotomy is about having as many fulfilling experiences as possible. I take full advantage of the 26 paid vacation days I get per year. We take no less than 3 full vacations combined with some mini vacations like an amusement park road trip to end summer break. + +The other side is that, in everything not-experience related, I am as frugal as possible. Some people can't understand why I ride a scooter to work rather than buying a car. These people also have no plan to stop working before they die. + +Thanks for listening. +Was up $12k (12%) on my funded account a week and a half ago or so.. life was great i was going to make about 10G's SICK. + +My mind went to SHIT the next week, I didnt want to lose, I didnt want to miss moves, I started to question myself and it all lead to a shattering $14k loss. (not in one trade in about a week and half) + +I felt like shit, i was sad, annoyed, etc. But again thats what trading is we climb and we fall. My mind is back to normal, im as confident as I was when I started and we're climbing once again... $3k up :D +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot +) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot +) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot +) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot +) | [Daily News](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | +| [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot +) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I'm looking to acquire my first apartment building this year. What I'm looking for is something on the smaller side like 5-15 units. + +I'm interested hearing the stories behind your first apartment building if you don't mind sharing. What made you go that route? How did you find it? Any issues you faced? Do you still have it? + + +Thanks!!!!! +My wife and I make a combined 95k/year but we always seem to be behind on bills. We have 2 car notes, our house, and about 25k in credit card debt. Our net income feels like it should go much further than it does, but we are always penny pinching at the end of the month. How do we get out of this? +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/8bmx62eaav271.png?width=1426&format=png&auto=webp&s=c86141d7bacf2b5eeab67f5b4801f460a3136b97 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $282.36 + +&#x200B; + +Open Price: $248.50 + +Daily High: $294.00 + +Daily Low: $244.30 + +Volume: 15.73 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# GME 101 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +https://preview.redd.it/fooxldqxqw271.jpg?width=700&format=pjpg&auto=webp&s=aa43214ca581df77fcdb42d127ebf5fdf845bb11 + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +&#x200B; + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +&#x200B; + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Lucy Komisar and Wes Christian AMA TODAY! + +&#x200B; + +**Today we are welcoming back Lucy Komisar, this time as a special guest host for fellow AMA veteran, Wes Christian!** + +The topics of discussion are going to be Naked Short Selling and Death Spiral Financing on a broad, market-wide scale. + +# [Tune in today at 4:30 pm Eastern on Superstonk Live YouTube!](https://youtu.be/q8-JO3g5bm4) + +&#x200B; + +[Lucy Komisar](https://preview.redd.it/fk2n71sgkv271.png?width=1542&format=png&auto=webp&s=3a8739feeea3038cccd730f6107029d6c80ed34a) + +&#x200B; + +[Wes Christian](https://preview.redd.it/zq89876ikv271.png?width=170&format=png&auto=webp&s=148504fe31ff5bd6f656c106d749321bc16b02a6) + +&#x200B; + +Just a friendly reminder also, that Dr. Trimbath has taken a raincheck on the June 8 AMA with Atobitt. Updates on that to come soon! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Goldman Sachs & Co fail to reconstruct AT LEAST 10% of computerized trade data between December 2nd 2020 and January 29th 2021 + +*written by* u/Atobitt + +[Link to OP](https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking_goldman_sachs_co_fail_to_reconstruct_at/) + + + +So I was doing my morning walkthrough of new FINRA violations and caught this BEAUTY for [Goldman Sachs & Co LLC](https://files.brokercheck.finra.org/firm/firm_361.pdf) + +. Anyone else recognize the significances of that date range? It's the SAME timeframe that USS GME was prepping for liftoff. + +Don't trust a F\*CKING THING these ass clowns tell you. The data you see is whatever they WANT you to see. + +&#x200B; + +https://preview.redd.it/st6adciybw271.png?width=1017&format=png&auto=webp&s=b415b123f27254b95d773dd00c986383559e5262 + +[Source\^](https://files.brokercheck.finra.org/firm/firm_361.pdf) + + No one knows what data was unavailable to reconstruct the trade, but here's a simplified [list of requirements](https://www.bobsguide.com/articles/trade-reconstruction-a-growing-pain-point-for-firms/) + +&#x200B; + +https://preview.redd.it/famj1i83cw271.png?width=1039&format=png&auto=webp&s=8e1ae4ffcf6f46c8fad6207cc8aeba9ad3019fab + +The data is coming out, apes. Their f\*ckery continues. + +&#x200B; + +**DIAMOND.F\*CKING.HANDS** + +&#x200B; + +Back to u/pinkcatsonacid 🐈🦄 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DFV Tweets + +^(ohmygodilovehavingtweetstodiscussagainholycrapweloveyoudfvwelcomebackplsnoticemesenpai) + +&#x200B; + +https://preview.redd.it/19yqxcuiaw271.jpg?width=1077&format=pjpg&auto=webp&s=601fafcc6246c69c49822f6b8cd890f78c58432b + +[Link to tweet](https://twitter.com/TheRoaringKitty/status/1400089824015626240?s=20) \^ + +&#x200B; + +https://preview.redd.it/w15qqrgiaw271.jpg?width=1080&format=pjpg&auto=webp&s=38a42eb8ace3490cac7d919cf4229ddcc9d04d3d + +[Link to tweet \^](https://twitter.com/TheRoaringKitty/status/1400112472414199809?s=20) + +&#x200B; + +https://preview.redd.it/bzcpmbfhaw271.jpg?width=994&format=pjpg&auto=webp&s=b3086244cf2fa623193c4d878a2e27ca3cc8f349 + +[Link to tweet \^](https://twitter.com/TheRoaringKitty/status/1400124740291923968?s=20) + +&#x200B; + +https://preview.redd.it/1uf3pcxfaw271.jpg?width=953&format=pjpg&auto=webp&s=c72a74829756b2af5b774fe5de97691d376ec41a + +[Link to tweet \^](https://twitter.com/TheRoaringKitty/status/1400135118723891208?s=20) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight-u/Bombxing and the Mulligan Bros + +# ____ + +# u/Bombxing AKA the OG Tendieman and Sea Shanty KING + +&#x200B; + +[**EVERYONE knows the legend of the Tendieman**](https://www.reddit.com/r/wallstreetbets/comments/l0dfrp/the_tendieman_lyrics_and_video_by_uquigonshin/?utm_source=share&utm_medium=web2x&context=3)**.** + +&#x200B; + +&#x200B; + +[Soon may the Tendieman come](https://preview.redd.it/080jwqcqcw271.jpg?width=2400&format=pjpg&auto=webp&s=83e164889935a82ec7490998760464663d091387) + +&#x200B; + +Well, u/Bombxing is the man behind that legend. And he just keeps putting out battle bangers. I seriously get flashbacks when I listen to [Fat Dip](https://www.reddit.com/r/wallstreetbets/comments/lsrbw6/fat_dip_wsb_cover_song/?utm_source=share&utm_medium=web2x&context=3) and [My Mother Told Me](https://www.reddit.com/r/GME/comments/m38fkc/my_mother_told_me_wsb_cover_song_for_the/?utm_source=share&utm_medium=web2x&context=3) (my opening bell song for WEEKS in the red!!)... I can smell the tendies of yore when I hear his voice. How does January and WSB seem like eons ago?? We are battle worn and more diamond handed than ever, thanks to the artists like him providing us with a beat by which to march 🥁 + +&#x200B; + +His new song,[ Hold Her, Monke](https://www.reddit.com/r/WSBrecords/comments/nox00e/leave_her_johnny_gme_cover_hold_her_monke/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Another one of my faves: [Bones in the Ocean](https://www.reddit.com/r/GME/comments/liu17f/another_gme_sea_shanty_bones_in_the_ocean_cover/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +He has lots of others so check them out! + +# ______ + +# Meet Finley and Quinn Mulligan- The brothers behind the Apes Together Strong Documentary + +&#x200B; + +*The one told by apes, for apes.* + +&#x200B; + + [This is pasted from the OP by](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3) [u/albanak](https://www.reddit.com/u/albanak/) + +&#x200B; + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **INTRO** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧 + +My name is Finley Mulligan ([u/albanak](https://www.reddit.com/u/albanak/)), my brother is Quinn Mulligan ([u/cyclopsQHM](https://www.reddit.com/u/cyclopsQHM/)). We are apes. + +We've been hodling since early Jan, joined the exodus to [r/GME](https://www.reddit.com/r/GME/) and eventually migrated with the first wave of settlers at [r/superstonk](https://www.reddit.com/r/superstonk/) — we are not outsiders, we want to make sure this story is told right and from within. + +&#x200B; + +[u\/albanak aka Finley](https://preview.redd.it/vm6x4md96w271.png?width=3262&format=png&auto=webp&s=cb54aecc81357f508968ea2ae2790f5f7ce522a0) + +&#x200B; + +[ u\/cyclopsQHM aka Quinn](https://preview.redd.it/8ujnczya6w271.png?width=3286&format=png&auto=webp&s=7c9c8c048a298a525e0a8e18afdd978adb9001eb) + +&#x200B; + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **BACKGROUND** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +&#x200B; + +We got sick of seeing "retail" investors being portrayed like shit by the mainstream media. + +We couldn't stand seeing the narrative build that the current untenable state of our markets is somehow *our fault* — meanwhile, everyone turns a blind eye to the corruption, illegal practices, and blatant manipulation being practiced by the "institutions" lining the pockets of the asshats condemning us. + +Then the hulu doc came out and we kind of hit a limit. SO. I posted a simple question — "**Who wants a REAL documentary about what's happening with the squeeze**?" and the response was overwhelmingly positive — you had some key points of guidance: + +* The story isn't done 'til the squeeze has squozen +* Ask the questions no one's asking (naked short selling, FTDs, etc) +* Make sure to features the community as much as possible +* Tell the truth even if the truth hurts +* Fuck off, we just like the stock (fair enough) + +[**We took those tenets to heart and posted THIS**](https://www.reddit.com/r/GME/comments/mgoo4a/update_question_who_wants_a_real_documentary/)**.** + +This story isn't finished. + +It feels like a war of attrition at times but with new rules, SEC head, and the simple fact that time is on our side we believe that we will soon see an end to this saga. + +This last act is still unfolding and we won’t be telling an unfinished story — apes are very clear that this film shouldn’t finish until the squeeze has squozen and we want to respect that. + +We’ll be including the community throughout the creation of the film. Offering to show rough cuts, consulting when we’re stuck or need fresh eyes. We believe very much that community engagement is vital to being able to call this a film for apes by apes. + +If you'd like to follow along you can join our mailing list at [apestogetherstrongdoc.com](https://apestogetherstrongdoc.com/) + +or our twitter @ apestogetherdoc + +Please hit us up at [info@apestogetherstrongdoc.com](mailto:info@apestogetherstrongdoc.com) or tag [u/albanak](https://www.reddit.com/u/albanak/) in any post you think is worth calling attention to! Special thanks to [u/not\_ya-wify](https://www.reddit.com/u/not_ya-wify/) who's been super awesome doing this. + +This film is for you all, we'll answer any questions you have. + +**APES. TOGETHER. STRONG.** + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +[**Read the full story about the Mulligan brothers and their awesome documentary here**](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3)**.** + +***From Pink Cat-*** *Please note that neither Superstonk, nor Superstonk Live YouTube are affiliated with the production (or any resulting profit) of this film. We just think it's cool as shit that they're telling the story from apes' perspective and wanted to share with you guys :)* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Safe and Sound with Team SATORI + +&#x200B; + +*written by SATORI dev,* u/grungromp + +&#x200B; + +Hey everyone! u/Grungromp of Team Satori with a security suggestion for the day! + +&#x200B; + +We've had a LOT of people reaching out with suggestions and things they've been noticing, and one comment from a cyber security pro in particular felt important to pass out to the sub. + +&#x200B; + +We've been seeing small Reddit crashes and issues with access to the service and sub lately, and under normal circumstances they aren't anything to be incredibly concerned about. But we live in extraordinary circumstances, and caution is warranted. + +&#x200B; + +Any one of these crashes could be due to any number of reasons, but there is always a chance data has leaked in some way. With that in mind, password rotation is a fantastic idea! There's no need to panic right now, but if Reddit starts behaving weird, rotate your security, just in case. Better safe than sorry! + +&#x200B; + +**Buy. Hold. Vote. Fight.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# MODel Behaviour + +&#x200B; + +*written by* u/Bradduck_Flyntmoore + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! How about that price action today, amirite?! Your Ape-bassador comes to you with a request from the Mod Team. Now that our beloved psychic monkey bot has been released into the jungle, things have obviously changed. It's obvious in new. It's obvious in hot. It's even obvious when you sort by controversial comments (one of my faves, btw ). HOWEVER, one of the things that still needs some attention is the number of posts of mass-shared content. + +&#x200B; + +We all know the stuff. Take 27 DFV posts per tweet, of the same tweet, or link to the tweet, or the tweet of the link of the tweet, for example. Or when eToro allowed voting; goodness, I must have spammed 100 duplicates of essentially the same thing every hour for three hours straight. Ngl, it was NUTS lol. Don't get me wrong, I, too, have posted things that I JUST found out about, only to find out five minutes later that I, in fact, was late to the party. It do be like that sometimes. We are all apes, and apes are, by their very nature, thrilled to share good news and exciting new information with their fellows. That being said, please don't be too upset if a fellow ape says something about your post already being posted. It's not a competition to see who can get there first. Remember when reporting or letting an ape know their content has already been posted, to be excellent to each other. This is, after all, the way. + +&#x200B; + +It is to this end that the Mod Team is making a formal request. Help us, help you. Weekend FUD patrol and The Knights of New are totally killing it, but the mass-shared content goes under-reported. It's a fact, and I think it has become easier to see, what with the SATORI hush that has fallen over this special little sub. + +&#x200B; + +I'd also like to take a moment to say how impressed I am with some of the behaviour I've seen in comments lately. Shit-talking is being countered with patience, humor, logic, and kindness. Lies are being called out with a sense of calm confidence. Scare tactics and outright aggressiveness is being met with chill and zen and dismissiveness. It's enough to make an Ape-bassador cry. Truly. + +&#x200B; + +sniffle Alright! So. Recap. Y'all are awesome. The love in here is really shining through, and Mods would REALLY appreciate if apes could start addressing the mass-shared content within the community. Report it. Let the OP know it's already been posted. SATORI can only do so much, and the content that flows on this sub is ultimately in our individual, collective hands. That's right, diamond fucking hands. + +&#x200B; + +Power to the Player 🚀🌙 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VOTE! by [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) + +&#x200B; + +[awesome artwork by u\/Bye\_Triangle](https://preview.redd.it/wvycwss07w271.png?width=1000&format=png&auto=webp&s=7c88663128048a377bdbedc91909b2165c5d6885) + +Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares.We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us.By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end...There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation.And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions.**There is proof that this works, as we are receiving news that** [**Etoro**](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/)**,** [**Tiger**](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share) **and** [**FUTU**](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) **are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.**[The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/) + +[**Also, be sure to read this piece by**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [**u/Nauaf**](https://www.reddit.com/u/Nauaf/) [**on how to vote your shares!**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/)**Comment ! apevote ! (without spaces) to receive your custom voted flair!** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉HYPE WEEK🎉 + +&#x200B; + +**Monday**\- NYSE Closed for Memorial Day + +&#x200B; + +**Tuesday**\- DFV TWEETED- THE KING IS BACK!!! + +&#x200B; + +**Wednesday**\- [Lucy Komisar and Wes Christian AMA](https://www.youtube.com/c/Superstonk/featured) at 4:30 PM Eastern! + +&#x200B; + +**Thursday**\- [SEC Closed door Sunshine Act Meeting](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) at 3:15 PM Eastern + +&#x200B; + +**Friday**\- Take your protein pill and put your helmet on. + +&#x200B; + +There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week...We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +&#x200B; + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +&#x200B; + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +&#x200B; + +https://preview.redd.it/5a91ehfg4w271.png?width=1600&format=png&auto=webp&s=c9ac5d245d1a146fe7804de500c5f73d01c21c82 +Got the notification the other day that the property we wanted to bid on was under offer. It was meant to go to auction the next day, but went under offer the day before. + +We called and emailed the agent a number of the times over the fortnight leading up to the auction, but they just ignored us. We didn't get a call back to the messages we left, or responses to the emails we sent, so we figured we'd just turn up at the auction day and bid. But it sold. + +Ironically, they answered immediately when we called after the [realestate.com.au](https://realestate.com.au) app notified us that the property was under offer. It sold for $150k less than we were prepared to pay (and we have the cash ready to go). + +This is the 4th time in 6 months the agent has let the seller, and us, down. Usually they come in waaaayyy overpriced, and make us feel like its out of our budget (or, more-so, overvalued) - so we move on. Months later we get the notification that the place has sold for a lot less than we were told, and less than we were prepared to pay, had we not been given a bullshit amount to begin with (we would have opened negotiations higher in every case so far). + +Good job agent, that 300m2 speccy home on a shit block is definitely worth as much as that 650m2 custom with high end finishes on a premium block 2 streets away. That must be why it sold and yours is still on the market after 120 days (true story, and I'd blame the vendor if it wasn't for the fact that all the agents listings are like this). + +Anyway, as far as I can see, having been both a seller and a buyer, why do REA's still exist? Why haven't they been replaced with an app yet? They seem to only know how to regurgitate rpdata 'estimates' and haven't really got a clue what a house is worth (4 agents literally gave us the same print out from rpdata, which had a bunch of incorrect data and was nearly 200k off land+house value for our old place). +Since we live in Texas, I believe that these should still be intact and unsold. I confirmed that these existed on the missing money site suggested through the government and am waiting for a response from the state of Texas. My mom lives in my grandmothers (now my mom's) house which is the address the unclaimed property is listed under. I'm wondering how much these shares are valued at now? This could really help my mom who is struggling to pay off a lot of debt accrued in the last 10 years. Any additional steps I should take? + +EDIT: Much larger response on this than I ever could have expected. Hopefully this brings about some awareness to others and many are successful in claiming their own small or large sum of unclaimed funds that are out there. I'll update as I go through the process but am hoping for the best (full value of shares) expecting the worst (smaller value of shares if sold prior to my claim). Cheers to anyone finding money for themselves or their loved ones. Who knew my grandmother could pick stocks eh? +An inquiry into the world’s largest crypto exchange, Binance, financial activities by Reuters, reveals that the exchange platform has aided in laundering no less than $2.35 billion in corrupt funds, over a five year period. In a recurring pattern, as published by Reuters investigation report, Binance has helped launder money originating from scams, hacks, investment frauds, illegal drug sales, a foreign exchange violation case among others in the last five years. + +The U.S.  government also hired crypto researcher Chainalysis,  to monitor illegal flows, and it was reported that Binance received criminal funds totaling $770 million in 2019 alone, another report by Crystal Blockchain,  showed that a Russian-language site called Hydra, used Binance to make and receive crypto payments worth $780 million.  + +Reuters calculated from an examination of court records, statements by law enforcement and blockchain data, compiled for the news agency by two blockchain analysis firms. Two industry experts reviewed the calculation and agreed with the estimate. + +Binance declined to make Zhao available for an interview. Responding to written questions, Chief Communications Officer Patrick Hillmann said Binance did not consider Reuters’ calculation to be accurate. **He did not respond to requests to provide Binance’s own figures for the cases identified in this article.** He said Binance was building “the most sophisticated cyber forensics team on the planet” and was seeking to “further improve our ability to detect illegal crypto activity on our platform.” + +What impact do you think this will have on Binance and its' Binance Coin? + +[SOURCE](https://www.reuters.com/investigates/special-report/fintech-crypto-binance-dirtymoney/) +According to the CNBC. Surprised or about what you expected? Extrapolating out to the country it's about 8 million+ claims nationally. + +"California Gov. Gavin Newsom said Wednesday that the state has seen 1 million unemployment claims in less than two weeks as the coronavirus pandemic has led to businesses being shut down across the state.  + +'We just passed the 1 million mark, in terms of the number of claims, just since March 13,' Newsom said.  + +Newsom's announcement comes one day before a key national data release on new jobless claims for the United States, which some have projected to be in the multimillions. The initial claims data has never before surpassed 1 million, and it was 285,000 last week." + + https://www.google.com/amp/s/www.cnbc.com/amp/2020/03/25/california-sees-one-million- +**This is not my writing, I found another Ape (/u/DukeMaximum) on another sub, and wanted to share here** + +----- + +Melvin was one of Ken Griffin's pet projects, a hedge fund he spun off of Citadel to take on far more risk than Citadel itself could justify to investors. Melvin had, at peak, about $8.7 billion of capital assets, $2 billion of which was Citadel money. Now, with Melvin closing, they can shift losses off of their books onto Melvin, and write those off, while still withdrawing their $2 billion (or, the billion that's left. They shifted half of that out months ago.) This keeps Citadel looking healthy, at least on paper, prevents margin calls, and ensures that investors don't panic and start withdrawing money (remember that, last year, Citadel limited how much investors could withdraw per year. Citadel is very concerned right now about investors demanding their money, because they're having liquidity issues.) + +If this sounds familiar, it's probably because it's similar to what Enron did back in the 90's, shifting losses to subsidiary companies to keep them off their own books. + +Citadel is also threatening to move out of Chicago due to high crime rates. This is bullshit. In order to boost his public image before the shit hits the fan, Griffin invested $25 million to the University of Chicago for a new crime lab to offer "policing and public safety training." (This is along with a few other charitable contributions Griffin has started making recently, in a transparent effort to look like a civic-minded guy right before the news comes out what a dickhead he is.) + +But Chicago has had high crime rates for decades. Why is Citadel at a breaking point now? Griffin has been working in Chicago since 1989. Why does he want to leave now, after more than thirty years? + +Because, by shifting out of Chicago, Citadel can lay people off, sell expensive assets, and get out of expensive downtown Chicago leases. It lets them cut costs and free up liquidity. It's the perfect cover for a company struggling to remain profitable or, at least appear profitable to investors and avoid margin calls, while they're actually hemorrhaging cash. + +The TL;DR is that we're winning. Tendies are imminent, apes. + +Source: Trust me, bro. I'd love to get checked by apes with more brain-wrinkles. Please, tell me if I'm wrong. + +This is not financial advice. I am not a financial advisor. I am a meat popsicle. +After doing some research into some value plays, i've come to the conclusion that $PFE is one of the best undervalued stocks in the entire market. + +Let me be clear, this is not due to the vaccine numbers, however, I do believe the vaccine is the icing on the cake for Pfizer. + +We've all heard of Pfizer, especially recently as the vaccine roll out continues. Many investors will assume that this is the reason why Pfizer's stock price will move over the next few years either up or down. + +Many people, however, miss the rest of PFE business model. They are one of the biggest healthcare companies in the world and create some of the most well known medications we hear about every day. Things like chantix, viagra, epipen, and advil! This company might as well be a consumer staple. + +This being said, consumer staples don't have innovation spread throughout their companies. Pfizer is on the front lines of creating medications for new medications to prevent heart attacks and strokes (Factor Xa inhibitors like Eliquis), prostate and breast cancer treatments from their oncology sector. They even have the only pneumococcal vaccine for kids (PV13). + +Most investors have no idea about this part of Pfizer's business and the complexity of medications, which is understandable. But I am a PA student, so I have a good understanding of medicine and I can safely say that PFE is innovative, stable, and strong. + +Another thing worth mentioning is that because people are so focused on Pfizer's vaccine numbers, they're focusing on the short term debt they've acquired in producing it, but are discounting the revenues that future mRNA vaccines will bring. + +Pfizer has a 4.5% dividend, which in the end will pay for itself as Pfizer continues to generate strong revenues from their consumer-staple-like product line, their innovation, and their future vaccine revenue (estimated to be around $15B in 2021). + +PFE also has a tiny valuation, with a forward PE of just 10. Between the safety of this investment, the strength of the company, and a 4.5% dividend yield, I don't think you can go wrong with picking up some PFE + +For a little more information about PFE business model, fundamentals, and medications analysis, check out this video here: [Pfizer Stock Analysis](https://youtu.be/cwtKvRqwqBA) +I found this whilst scrolling through cobf. I thought it might be interesting to some of you + +[https://thecobf.com/forum/uploads/monthly\_2021\_10/20211031\_163139.jpg.16081a6ac1411ba2ab01831a590b14b9.jpg](https://thecobf.com/forum/uploads/monthly_2021_10/20211031_163139.jpg.16081a6ac1411ba2ab01831a590b14b9.jpg) +I recently got into value investing and I am trying to read companies' balance sheets. What are good sources to learn about the terminologies in the balance sheet? (PE, EBIT, ROE, book values...) +I was reading somewhere that Warren makes investments into companies that are fairly priced or close to fair price. How does this differ from the traditional value investing formula of finding good companies for cheap? (.50 cent dollars) +I'm 21 my investing horizon is a long time. Why should someone like me ever invest in gas or oil? Everything is going to be phased out into EVs making that industry take a significant hit + +I see great companies like CVX with amazing financials and a great value but really what's the sustainability of that in 10-20-30 years? + +I feel like I'm missing out but I refuse to dip into that sector because EVERYTHING is sadly going electric by 2035 +I was reading somewhere that Warren makes investments into companies that are fairly priced or close to fair price. How does this differ from the traditional value investing formula of finding good companies for cheap? (.50 cent dollars) +My father passed away yesterday and I’m arranging his funeral as well as getting his things in order. I think I’m okay on the funeral front but being a 21 year old student I don’t know how to deal with all the rest. + +My father was quite secretive and I don’t even know what assets he has. He used to live in southeast Asia and my step mother told me that he had a bank account in Thailand, a storage unit in the Phillipines as well as ‘bond money’. What does that mean and what steps should I take to deal with those things? How do I make sure that we have everything in order? How do I know if I’m missing anything? + +Thank you for your help. + +Edit: I'm trying to tackle this now for peace of mind since our administrative system is quite slow and inefficient in France. Thank you all for your kind words. +So I am somewhat new to investing, but all the limited research and things I’ve learned in my economics classes has led me to believe that DRIP strategy in my Roth IRA is a great strategy for long term compound growth. That being said, a fellow redditor says that the dividend reduces the value of the stock, effectively giving me 0 net gains. Can anyone elaborate more onto this? +https://www.cnbc.com/2020/02/01/apple-temporarily-shuts-all-stores-and-offices-in-mainland-china.html + +Looks like the analysts calling an even sharper dip as things worsened weren't kidding. +Although I don't believe it literally, I think there's some truth to be found in the saying "*If you want to make God laugh, tell him your plans*." + +I have a pretty small social circle (it's more of a dot) anyway so while my girlfriend and parents both know I've invested *some* money (read: YOLO'd) in the stock-market that's about as much as they know - my girlfriend saw my proxy voting materials and saw that they were for GameStop but she's still about as clueless to trading and the market as I was just a few months ago and actually basically still am. + +So she's been having a really hard week at work and texted me today that she feels especially exhausted, overwhelmed, and is starting to hate her job (so, typical wage-slavery) - a job she *just* started that was supposed to be a huge improvement in nearly every area over her last one and related to the field she's interested in. + +I so desperately want to be able to tell her to stop worrying, that we're going to have a fuckton of money soon but really I can't make that promise because I don't actually know that for certain, as convinced as I am personally. I'm *pretty sure* but I still can't make that leap to bring her hopes into my gamble. + +For similar reasons I've never tried to convince anybody else I know to 'buy-in', although I can already predict some future "If you knew why didn't you let me know so I could be rich too?" situations and the answer is pretty simple - I don't want to be held personally responsible for someone potentially *losing* a lot of money, whether by paper-handing during a dip or selling too early on the way up and having to live with an insane amount of lost profit. As much as I love this community I can also see how from an outside perspective it initially seems to share some characteristics with very insular conspiratorial communities but for me personally, that doesn't matter because I like the stock and I like /r/Superstonk. + +This particular 'conspiracy' just happens to be 100% true and yes, they do all say that but again, doesn't matter - time will almost always reveal what is true and what isn't. + +I missed the buttcoin train years ago but I was lucky enough to not be too late for this rocket - I just hope as many other people catch a ride as they can *without* me having to convince them or proselytize. + +To those of you who have talked your friends and family into Ape-hood good work - I know they will appreciate you later - it's still not something I can bring myself to do. +I believe this is the largest black swan event anyone alive has seen. It will have dramatic health and market/financial consequences that are vastly undervalued. Below is my rationale for that thesis. + +1. In 2009 H1N1 infected 1/5 of the world population (crazy, right?) due to its airborne transmission characteristic but ended up having a very low mortality rate of 0.02% as humanity’s general influenza antibodies proved very effective. + +2. COVID19 spreads more effectively than H1N1 through airborne transmission (this is a disputed fact/assumption; https://www.hopkinsmedicine.org/health/conditions-and-diseases/coronavirus/coronavirus-disease-2019-vs-the-flu) and 2x incubation period. Unlike H1N1 influenza, people have no have antibody defense for this strain of coronavirus - hence the novel nomenclature. The purported 1-4% death rate would be the most deadly virus to spread in the last 100 years and tens of millions of people could die. + +3. The virus is insidiously effective because it A) Does not cause large complications/illness in most people so they go about their life and spread continues; B) in the portion of the population it does seriously affect - it is serious serious, with numbers indicating 10ish% of infections require hospitalization and ventilator support. There is no healthcare system on the planet that can accommodate this, the system will get overwhelmed. + +4. The social distancing protocol that China put in place is almost unfathomable. 1.5 billion people have largely not left their apartment in 6 weeks other than to buy food periodically. This is why new numbers are declining but based on 1 and 2 this is just temporary and the virus will inevitably spread again. The virus is incapable of being “contained”. Extreme social distancing a la China might buy time until the 12 month lead time for a vaccine arrives but this would decimate economies. + +5. China style social distancing is impossible outside of China and smaller dictatorships but governments will impose and people will begin self imposing smaller versions. Expect to see March Madness, Coachella, etc all canceled and any business that is able move to work from home. + +6. The economy at the end of the day is driven by end consumer consumption of goods and services, often provided by small mom and pop businesses. Those speaking of a v shaped recovery are non sensical. A drastic month to multi-month drop in cash flow will tip over many of businesses and they will not meet obligations such as payroll. Your neighborhood burger joint can’t fall back on its strong balance sheet and wait for the V/U. + +7. 6 will lead to recession and a domino effect through the economy. Where 08 was a top down driven recession this one will be bottom up. It being bottoms up also means it more resistant to the few monetary policy tools we have come accustomed to using. There will be a complete shakeout in the economy as we psychologically grapple with what this virus is going to mean and what things will look like when it is over. Once people start to understand that people they know will die things will get even more panicky. + +8. The world will recover and economies bounce back but we are in for a ride that has largely only been text book theoretical before this. Buckle up. +Disclaimer: I'm already heavily invested in Index funds. (combination IWDA/EMIM) Since I have some extra money ITB, I would like to take some risks by investing it on individual stocks. + +There are a lot of articles and subreddits which focus on USA stocks, but which EU stocks are on your radar and you think are worth a buy? And more important, why? +I’m kinda new to day trading and learned a lot from friends who are successfully trading and sites like baby pips, etc. And have learned that technical analysis is very important. My trading style is scalping in forex and I have noticed that after learning some TA my trades were consistently more accurate. + +So why do so many people say it’s astrology and doesn’t work? There are successful people who use TA based trading to make a living so why wouldn’t it work? +I don't make much money--about $24,000 a year. My employer offers no benefits other than a paycheck. But I have about $63,000 saved up between multiple accounts. My checking account at my local credit union actually makes the most interest out of any account, so that's why I have the bulk of my money in it. +Here's my retirement funding so far: + +I opened a $5000 5 year IRA CD at that credit union in 2019 that has made me $55 as of today. + +Deposited $5000 into Betterment Roth IRA and as of today, am down $49. + +Deposited $3600 into Sofi Roth IRA and as of today am down $50. + + +At this point it feels like I was better off without investing and just letting the interest grow in my checking account. I didn't want to throw too much money into investments because I want to not only have an emergency fund but also have money for a house. +It just feels like at this point, saving for retirement is not even a possibility. I don't understand what I'm doing with investing and how to make money off of it. My dad recently retired after doing his own investing but when I ask him for advice, he just says he doesn't know. So I don't know what to do because I already feel like I've screwed up. + +I should clarify, I turn 30 this year and realize that it was dumb of me to start investing this late and I probably won't be able to catch up. +🐕🌊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 recently hit my FI number. Try to write down what I feel and what has changed. + +Some background, I'm in the early 40s in VHCOL (SF/NY). Married w/ kids. + +**I do not get irritated/offended easily.** I am much less competitive at work. I do not care about raise or pay equality. In the past, I always want to work harder and make more (or get promoted faster) than my peer. **THIS URGE COMPLETELY STOPS.** I also feel that I enjoy my work a bit as I know somehow every month could be my last work month. + +**I try to shorten my work hours**. Well, I manage to negotiate a fully remote arrangement even after COVID. Yes, I have to travel to the office maybe once a month, but no more 2-3 hours commute. I am generally able to work \~32 hours a week (on average, and it can vary quite a bit). My goal is to hit \~25 hours a week on average. Recently, at least three times a week I will check out my work at 2 or 3 PM and start to enjoy my day/evening. + +Before COVID, it's not uncommon I have to spend \~55 hours a week (M-F) for work or commute (2 hours commute daily on average due to traffic). + +**I'm thinking (all the time) when to pull the "stop working trigger."** While I hit my number (3.5\~4% SWR), I moved my target NW to hit 2\~2.5% SWR or 45 years old. Will I move the target NW one more time? Probably not. + +**I eat healthier and exercise more.** The best luxury with more time to kill is that I can easily prioritize my day to ensure I exercise often. There's no more excuse to myself LOL. + +**We inflate our expenses a bit.** Instead of saving 75% of my after-tax income, I now probably save 70%. The 5% was spent on things we want but don't really need. For example, iPhone 13 Pro Max instead of 13 and designer handbags from a store instead of from ROSS/Outlets. Because of the pandemic, our travel expense is very low. + +**I sleep well.** Knowing that I don't need my job to continue my current lifestyle makes me happy and feel peaceful every night. + +**We tip more.** I will leave 20 bucks for house cleaning when staying in a hotel, for example. I kind of feeling empathy for those who have to earn money by putting in lots of labor. + +**Instead of selling on eBay, we often give things away freely.** For example, when I get a new iPhone, I will just give my iPhone to my relatives, say a cousin. We also donate lots of clothes/books to charity when I don't need them. + +**I have much more patience**. I walk slower, drive slower, and enjoy waiting for my coffee to be prepared in a Starbucks. I'm not in a rush. I brought a book w/ me (on my Phone or Kindle), and somehow could enjoy living the moment. + +**I start paying attention to estate planning, tax, and investment.** I start to read books, blogs, etc. Not an expert but try not to be surprised by IRS. + +\--- What did not change --- + +**We still feel that buying a new car is not necessary.** I'm happy with my 5-year car and feel no need/desire to get a new one. + +**We still live in my first, small, house (if comparing to my peer).** Well, I can and probably should get a new house given the mortgage is very low since I have paid off my mortgage. Not having a mortgage in a VHCOL gives me a peaceful feeling and I don't know how to put a price tag on this feeling. This is just a personal choice I guess. + +**We still collect coupons (e.g. Subway sandwich), Starbucks stars, and credit card points.** I still use Credit cards based on the best reward multiplier (3x/4x, for example). Eventually, I will still use these credit card points to get miles and use miles to travel freely. + +**My furniture pieces and most clothes are bought from Costco or liquidation/discount stores.** I still enjoy bargains and good deals. The quality looks good and I don't see a reason to spend thousands on clothes or furniture. +Didn't know if I should post this on #nostupidquestions but I see that my market has a lot of multifamily properties that evidently have been flipped. Would u recommend purchasing and renting these out? The prices are actually pretty reasonable but I feel that with the flips, there could be some potential underlying problems that may not have been fixed as they focused on the interior and exterior makeup instead. + +Edit: I saw this is in an area home to recent shootings, will likely pass on it. Thanks for feedback! +I am saving some money monthly so that I can afford to buy a 100 shares of either qqq or spy. After which I am planning to sell a put on one of those two and when it gets assigned, sell calls 5 dte. Planning to sell otm at 0.3 delta. I am okay if calls get assigned, I will buy and repeat again. If it goes below my buy price, will wait patiently for it to come back up to sell calls again. 1. Is this a good idea? 2. Spy or qqq 3. Potential downsides? +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! + +Today when I came home (before my parents) there was around 50 envelopes posted through the letterbox all from HM Revenue and Customs. The only difference between all of them was that they all had different company names on all ending with ltd (limited). I messaged my dad and he told me that it was my mum's side hustle. I opened one up and it had stuff about VAT change and flat rate scheme. My parents don't own any businesses, and all the companies are registered online to our address. Anyone have any idea of what's going on? +Recently my bank card was somehow comprised and charged a penny in Oregon. I'm in central California. During the compromise I recieved 1 legitimate phone call from ally asking me to confirm that I didnt make the charge and that my card would be disabled and to call back to get a new card issued. + +I forgot to call back quickly since I was at work when it happened. Late that evening maybe 8:30 or 9pm I got a call from Ally Bank under the Caller ID I set up. Asked me about the compromise and needed to confirm the charges were mine and if they were that they would be charged to my account. The woman on the phone worded it strangely and I had her repeat it to me several times. She also said we are on a secure line and that the call is being recorded about 5 times in the first minute of the phone call which I thought was strange. She then began to throw out numerous large dollar amount charges at major retailers that had been declined. This got my heart beating hard. She continued to say over and over that this is a secured line and is being recorded. After saying none of that was mine asked me to confirm my identity with my online banking username. That's when it clicked for me. Never had ally used my online banking ID to confirm identity. She insisted it was a new update to their systems. I refused to give it out and said I would call back to Ally myself. She told me that's unnecessary and that again this is a secured and recorded line and she already has all my information in front of her. Told me to look at the caller ID and how it is the official ally number. The way she insisted me not to end the call really made it clear this was a scam call. She kept trying to call me maybe 5+ times while I was waiting to get someone at ally on the phone. + +I worked as a western union agent and was trained to not fall for phone scams and such but they really almost got me. I was really not ready to receive a disguised scam number through my cell from my bank. Just wanted to share my experience for others. + +Thanks for reading. + + +TLDR: I'm trained to not fall for scam calls due to my work. Got a scam call looking like my bank and almost gave away my sensitive info. I'm also 23 not an elderly person. +I recently moved to US for work and I will be living here for the foreseeable future (>10 years). + +Currently, I have significant investments in my TSFA and investing account in Canada. I have read in blogs and other platforms that it is recommended to close these accounts prior to the move for tax purposes. Basically, I would have to pay Canadian tax and US tax, although I can claim Canadian tax paid as credit when I submit my US taxes. I still have student loans Canada with monthly payments. + +My portfolio currently is + +\- 180K in the cash investing account; investments in AC 4%, AD 5%, BMO 9%, BPY 21%, MTY 1%, NWH 7%, PRV 7%, REI 8%, SRU 6%, TLRY 31% + +\- 214K in the TFSA; investments in AD 1.5%, BPY 8.5%, CM 8%, ENB 4.5%, HEXO 3%, LSPD 38%, MTY 3%, PRV 2%, REI 1%, SRG 7%, SHOP 21%, SRU 1.5% + +\- Yearly dividends from investments are 4000 in the cash account and 3500 in TFSA; this has reduced recently since BPY stopped giving dividends. + +\- Government Loans 42K with payments of about 400 dollars and no interest till March 2022 + +\- Bank loans 200K with payments of 500 dollars per month + +I want to optimize the tax situation and the assets I have at this time. Selling everything and moving it to the US would mean a lot of capital gains and taxes (specifically in TFSA which I would have to pay to the IRS). Paying off the loans makes little sense since I am averaging about an 8% dividend from my initial investments. I actually cover my loan payments at this time. Paying off would also mean I lose the opportunity to invest and grow that money. + +Currently, I am planning on selling off investments slowly over the next few years so it doesn't increase my capital gains and I can transfer that money to the US while slowly repaying my loans. + +There are many options available but I am not sure what would be the best course of action. Any advice is appreciated. +Hi everyone in u/dividends. I am a newbie in dividend investing, started it in November 2020. But huge amount of money I put in my brokerage account in 2022 and now I have \~290K in positions. + +My Portfolio: + +30% QYLD + +30% VYM + +30% SCHD + +10% O + +It provides me \~18K in dividends per year + +https://preview.redd.it/09r4k0jtm0591.jpg?width=1280&format=pjpg&auto=webp&s=0d72be97256ab6d5118a1ebe442651d6f9604930 + +My goal for this year is to reach 2 000$/month but in general I want to get 100K per year. Will be glad for any advice ) +Finra, Fintel, and Wall Street Journal are reporting different percentages. + + +[Finra - GME](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH) \-- **Short Interest**: 78.46 +[Finra - AMC](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P00011H0G) \-- **Short Interest**: 15.70 (some people have reported that it's not updating for them and they still see 38.12) + + +[Fintel - GME](https://fintel.io/ss/us/gme) **-- Short interest % of Float:** 44.02 +[Fintel - AMC](https://fintel.io/ss/us/amc) **-- Short interest % of Float:** 68.48 + +[WSJ - GME](https://www.wsj.com/market-data/quotes/GME) \-- **Short interest** **% of Float:** 41.95 +[WSJ - AMC](https://www.wsj.com/market-data/quotes/AMC) \-- **Short interest** **% of Float:** 66.06 + + + + + + +**Edit 1:** As a post mentioned earlier today, Citadel has lied before about their short interest data. There is a small fine of, like, $149,000 for doing so. Paying the fine could save them billions of dollars, so it's possibly that all of the data is completely inaccurate. + +**Edit 2:** Stop commenting that it's old data. We were waiting for data for the 29th. The reports are behind. This is the data that came out today, I assure you. + +**Edit 3:** I usually use Fintel, not Finra, but I don’t think some of the people commenting are right in assuming the Short Interest on Finra is the % of the float. Short interest ≠ Short Interest % of Float. They are different. Some other posts that recently updated are just throwing a % sign on there and saying it's % of float + +**Edit 4:** Hedge funds, if you're reading this right now, go fuck yourself. + +**Edit 5:** I’ve got about 750 shares of GME and a little over 8,000 AMC. I’m holding both. The discrepancies in the data across all these sites is all you need to know. To the moon 🚀🌒 +The limit at which the help to buy isa is applicable has stayed the same since it was introduced in 2015: £250,000 for a house in the UK (and £450,000 for a house in London). I won't be buying a house for another year or two at least. With the £250,000 limit staying fixed isn't the help to buy isa slowly becoming redundant? Or will they change the limit at some point? + +I've been saving diligently into it for years, but most likely will not be able to make use of it at the end. +This is a genuine curiosity. + +I have a mortgage with the intention to be mortgage and rent free when I retire. + +If you are renting and in your 30-50s, what is your plan when you retire? As I’d anticipate rent will have increased substantially by then. +NEO was a great spec play and basically doubled my considerable ETH stack. Looking back on NEO, I can't help but think this is going to either jump to 100 or get murdered in short order; but i am leaning towards slaughterhouse. A lot of what NEO is rising on is speculative, "news articles" written by bloggers, and nothing on Github. And for those who say they use Slack instead, their own team has commented that Github is the primary, and its empty. Don't get me wrong, I think NEO could work out but riding from $5.75 to $43 was nauseating knowing full well there weren't a whole lot of TANGIBLE developments going on behind the scenes. "Partnerships" turned out to be informal gatherings. The wallet.....God don't get me started on that thing. Phantom meetings with Nomura or whoever.....this all is plenty of fuel to spark a speculative bubble but for God's sake people, its now top 5 on CMK why???? FOMO, pure and simple. And I saw plenty of posts over on their reddit about people dumping the ETH for NEO. For real? Reminds me of penny stocks where any news moves the needle like 40% and not a whole lot actually gets built. + +My synopsis, severe correction near term. Long term, it works out. But the comparisons to Ethereum are not justified at this time. I rode the wave up, cashed out for the inflated BTC price, and bought the depressed ETH price around 295. 25% of me wonders if I made a dumb choice but the rational 75% feels this was prudent. I'm more excited about upcoming ETH news. +Bear with me, this is kinda long, but I feel good for saving and want to provide some context. + +Me and my girlfriend are just beginning to look for a house. We both live in Leeds, are 27, and been in a relationship for close to 4 years. I knew she was the one after 6 months, so, for 3 and a half of those years I used the opportunity to save some money by moving back in with my parents small flat which they downsized to after myself and my 4 siblings went to university. For the first year and a half I’d save around £750 a month, and very recently, I’ve been able to save closer to £1,500. As well as my full time work I’ve done freelance work on evenings and weekends to try get us a deposit. I’ve now saved £30k. + +I hate living here. My parents moved into this place to keep us kids away but understand it’s the only way for us to save. They drink a lot and are very loud, whereas I’m quite the opposite, I just like to keep to myself which causes friction and makes it an uncomfortable place for me to live sometimes. Don’t get me wrong, I owe them so much and pay rent, try make it up to them with housework and making dinner occasionally, but put bluntly, I don’t like it. My older brother is also here and is incredibly loud, abrasive and irresponsible. We’ve had physical confrontations in the past. This lockdown and COVID 19 in general has been really tough but luckily I’ve had my girlfriend with me. + +Since January this year, she has moved in with me into my parents flat so that we can maximise our saving potential and get her out of debt. She’s not a Leeds native, she went to university here and after graduating was offered a conversion course and subsequent masters in law by the firm she was working with as a legal assistant (that she had to complete while working full time). As a result of a tiny wage when we first met, no help from parents and school fees, she racked up some debt (around £4K). After a few years of working to increase her wage and reduce her outgoings, she was in a position where she was gradually paying off the debt (around £150 each month). Since moving in in January, she’s close to paying it off completely, she’s also completed her masters, meaning once she’s done her training contract she’ll become a full time, qualified solicitor. It does mean she’s not been able to contribute whatsoever to saving for a deposit. + +As I’ve been keen to leave this place for a long time, I’ve been looking at properties online. We’re now comfortable that the house buying process will take a minimum of probably 3 months, which means even if we bought now, my girlfriend would have no debt by the time we move in. We found a property online we’re viewing tomorrow that we love the look of. We’ve got in touch with an IFA in case we want to put an offer in, but this is the second house viewing we’ve been to as buyers and at the first I felt a bit lost. I didn’t know what sensible things to ask or look for in the house. I also thought that even if I did offer, I’d have no idea how to justify an offer below asking price or what to look for in order to consider that option. I’m going to take one of my parents and try to take as many photos as possible to help me spot things I wouldn’t have usually but could use further advice so I don’t just look like a deer in headlights again. + +Also, I’ve read a lot online about the impact this pandemic will have on our economy. I’m not sure this is a reason not to buy, but have seen articles online suggesting it’s a good time to go for a more expensive house and offer less for it, which I’m slightly confused about. Would the potential decrease in our economy be a reason to reduce an offer on a house? Is it better to just wait? + +Another consideration is that as we can save and I do want to marry this person eventually, is it better to just wait another 6 months and have some savings for a marriage, allowing any fluctuations in the economy to happen and then assess the situation then? + +Thanks for reading and any advice. +Bitcoin just made its wickets below 28 and even further down to 25k. Luna is basically going down in a literally straight line and achieved 1$ before even UST. We got over a billion long liquidations. Today the markets just shed $200B alone from the combined market cap. This is not everyday Crypto, this is historical. + +With that it's highly impressive if you are still sticking around here and possibly even filling your bags with this discount. You are literally surviving one of the biggest bear markets in Crypto history while reading this, you are actually one of the last ones still actively being here. That's called a holder and not someone who holds during 1000% gains. + +But obviously it's not bad either if you need to catch some fresh air outside of the markets. Because at the end of the day your health is more important than Crypto. +[Right here.](https://imgur.com/a/m1bn4R5) + +This sub has grown massively, from reaching 100,000 members during May 2020 to the current level of over 638k, so there's lots of people relatively new to investing experiencing their first downturn and we're seeing posts from those worried that their investments are falling and considering selling out at a loss. + +The best thing you can do is nothing. Absolutely nothing. Your reasons for investing and your goals shouldn't have changed just because the markets have fallen. This is exactly why you have an emergency fund, so that you have enough in cash to leave your investments alone until needed. If you hold your investments they will come back as you're in it for the long haul. Do nothing. +https://www.bloomberg.com/news/articles/2020-04-21/china-called-out-in-u-s-warning-over-emerging-market-investing + +Edit: Article + +When it comes to companies exposed to emerging markets -- most notably China -- investors should beware the lack of visibility into their books, U.S. Securities and Exchange Commission Chairman Jay Clayton said Tuesday. + +Foreign jurisdictions aren’t maintaining adequate standards of investor protection, and the U.S. has little control over that, Clayton and other officials said in a strongly worded statement. The group also underlined a longstanding point of conflict: that the main U.S. accounting watchdog can’t inspect the work that Chinese auditors do for companies that sell stock in American markets. + +“In many emerging markets, including China, there is substantially greater risk that disclosures will be incomplete or misleading” and substantially less access to recourse in the event of investor harm, said the statement from four SEC officials and William Duhnke, chairman of the Public Company Accounting Oversight Board. + + +The issue over inspections of Chinese accounting firms dates back more than a decade and has always been a point of tension between the two countries. While U.S. regulators can access work papers underlying audits in most countries, China’s prohibition hampers their ability to conduct investigations and inspections designed to catch mistakes or malfeasance by auditors. + +In December 2018, Clayton and Duhnke issued a joint statement saying that U.S. regulators “currently face significant challenges” in overseeing the financial reporting for listed companies based in China. They said that among auditors of 224 companies with total market capitalization of $1.8 trillion that posed obstacles for U.S. inspectors, 213 were in China or Hong Kong. + +Tensions with China have been rising as Republicans, under pressure as critics assail President Donald Trump’s handling of the coronavirus crisis, accuse the Asian nation of failing to give sufficient warning about the pandemic and offering misleading information about its severity. + +Though the auditing issue hasn’t always been on the front burner, companies like Alibaba Group Holding Ltd. and Baidu Inc. have raised billions of dollars in the U.S. while avoiding regulatory scrutiny. Nasdaq earlier this month halted trading in Luckin Coffee Inc., a Chinese chain enmeshed in an accounting scandal, and said the shares will remain frozen until the company satisfies requests for information. + +In their Tuesday statement, the U.S. regulators said investors should especially consider the potential effects of the PCAOB’s blind spot in China. + +“Even when the auditor signing the audit report is not based in China, if the company has operations in China, investors should consider whether significant portions of the audit may have been performed by firms in China,” the group said. + + +The PCAOB keeps a list of companies whose auditors it can’t inspect on its website. +Options trading is literally a race against time. The clock ticks in favor of the seller, but the movement of the underlying can move against them much more rapidly. I'd like to demonstrate this with a quick example. + +Imagine today that right before the market closed you decided to sell a CSP on AMC. AMC was trading at $24.50 a share, and you sold a $18 put expiring at 1/21, collecting a $1.86 premium. You might reason, "I don't like the stock very much, but I'll collect a lot of theta even if AMC drops, as long as it doesn't drop too much." This is a fundamental mischaracterization of the trade that you're making. + +Now imagine that tomorrow, AMC closes at $24.33 a share, dropping less than 1% from today's close. This seems like a pretty good result, right? Not really. Assuming no changes in IV (as well as r, the risk-free interest rate), your sold option will still be worth about $1.86. Yes, you collected theta, but you lost money on movement in the underlying, and they roughly cancelled themselves out. + +You decide to check back at the end of the week, after market close on Friday. AMC is now trading at $23.66. The put that you sold for $1.86 is now worth $1.90. You now have an unrealized loss, even though the market did not move against you very much over those 3 days. Now let's say on Monday you catch a break, and AMC rallies 5.6% to $25 a share. Your puts will now be worth about $1.63 for a gain of $27 from Friday's close. About half of that gain will be from delta and the other half from theta. You can expect similar results on most days. Given how volatile AMC is, your profit/loss in any typical day will reflect movement in the underlying as much or more than it did theta decay. + +In this sub, people mostly talk about CSPs, CCs, and the wheel, which are all largely the same strategy (CCs and CSPs both have the same risk/reward profile). However, I find it rather misleading to call them theta plays. It is analogous to saying "cream with coffee" instead of "coffee with cream." You're emphasizing the less significant item. Your standard CSPs/CCs/wheels are delta with a side of theta, not theta with a side of delta. The extent to which the underlying is responsible for your day-to-day profit/loss depends on both strike and DTE. + +I think the recent selloff in some of the more speculative/memey stocks has provided a good/expensive lesson for many people. You really do need to be fairly confident about the movement of the underlying, or you're going to get demolished at some point. I just wanted to further emphasize this by offering some numbers. I won't tell you what trade to make, just to be informed about the trade you're actually making. I encourage you all to play with options calculators to see where your gains (or losses) are really coming from. + +(And to those that don't like the idea of trading "delta with a side of theta", I'd encourage you to look into hedges that allow you to minimize exposure to movement in the underlying while still netting yourself significant theta.) +I need any Advice that’s possible on how to cut back on spending. I go to the grocery store every day and buy what I’m going to eat for that day. Mostly frozen meals and blueberries, it’s usually anywhere from $20-$30 A Day! Just For me. I know it would be cheaper just to buy meals to cook for the week/Month but I have no idea what to even make that could last for couple meals and be affordable. Any advice, recommendations or anything at all that could help in game to listen. Thank you in advance and sorry if this isn’t the right place to ask this I didn’t know where else to post. +Thanks to ER10years_throwaway for this invite. I was a financial advisor for 25 years, now retired, but still expanding my research into safe withdrawals from retirement portfolios. I am eager to share my thoughts with you, so please bring on the questions. Caveat: I can't answer questions specific to a particular person's financial situation, as I am no longer a practicing financial planner or investment advisor. Hope to hear from you. I'll start answering questions at noon eastern on Tuesday, 8/21. + +Folks, I believe I have answered all outstanding questions. I thank you all for the courtesies extended me, and I hope you have found my replies useful. Signing off for now, hope to join you again. Best regards, Bill Bengen +Hi everyone, + +I've been real quiet about just how much data i do store and of what, and whether i even have it all backed up. Now that I do, there is no more need to hide it. + +So without any further ado, I wanted you all to know that if for any reason there is a video or a post that you forget to find - you will always be able to find it in the archive of ape historian - if its missing - please do let me know as i know for a fact i dont have 100% of everything, butttt, its pretty fucking close. + +sad news: first ssd is down. + +&#x200B; + +[this guy has been diligently working to backup everything: his only job was to take all the data for the day, save it , and send it to the server for long term storage.finally, a few days ago he gave up and gave me IO errors, which i then realised that he can no longer write and went to read only mode. 157tb read write isnt that difficult when you run an ssd for 24\/7 and it can write at 500mb\/s. they weren't really designed for this.](https://preview.redd.it/soynym1twym81.png?width=1512&format=png&auto=webp&s=88a3ce49faa05ad324727ec52cb25db4ca316397) + +# happy news: the data (short version): + +1. post and comment data (in various formats, as flat files, csvs and as HTML individual posts with comment threads). +2. ALL memes and videos, shitposts, etc. - the file names are appended by post\_ID\_FLAIR\_and\_video\_id\_if its not from reddit. +3. All FINRA filings - thanks to jhkhalar who originally found the way to do this quickly. +4. every sec filing that has been shared in a post or comment. +5. Every tweet that was shared - backed up in the same way - redditpost\_id\_tweet\_idname. +6. every news story (but you know all this) +7. A massive data dump of absolutely every singl link, withe columns for post id, url to link, subreddit, date. if its in that list i hope someone has backed it up. +8. if you want to help me out in creating the biggest collection of fuckery - if you see any link - please head to [https://addons.mozilla.org/en-US/firefox/addon/archive-page/](https://addons.mozilla.org/en-US/firefox/addon/archive-page/) \- get the addon - and then archive the post or the twitter feed or the whatever else you have - as long as the original url is known, people will be able to see the extent of the fuckery. +9. if there was a youtube link. i um, also have that backed up. +10. the "goodmorning everone today is the day", is um, also, um, backed up. every single copy. +11. so are the daily /u/mr_boost updates in video form. +12. **There is probably much more crap in there than i ever hope to sift through - one day.** +13. there is a log of almost EVERYTHING that was ever mentioned, including links, posts, youtube videos, pdfs, the lot. i am happy to share small exports of this data with anyone who wants it - they will either be on my site (in torrent and resilio form eventually) and as adhoc links. + +this "archival system" was designed so that all you need to know is you need to know the ID of the post. + +from there, you can: + +1. search by ID from any of your downloaded files +2. you can find the backed up versions of those posts online (on [archive.today](https://archive.today)) +3. you can filter for the ID if you downloaded any of my big exports and you will not only get the backup of the post but also the backup of any videos that were embedded, and even links to videos that were shared in the comments section ( i am still working on this). +4. you will be able to search for "meme" and get all the meme videos, and this time i really mean all of them. i made sure. and the shitposts as well. + +TLDR- if reddit goes down and i stop posting for whatever reason, i hope there is one or 100 apes crazy enough to download the whole export or parts of what they think should be preserved and educate others as to the fuckery that we all uncovered. + +I will be dropping the links to all the video files in this post and (and in due course to my site) + +links to videos: **please stand by , they will be here** + +any feedback, please do let me know of course. + +# but ape historian, what about the site? when is that getting an update? + +I am working on that right now, its been, its been a crazy few weeks and I am only just making plans on how to keep publishing data. + +**the changelog: there is a new page on the site, called the changelog - where i will document any and all changes as well as identify any parts of the site that shall remain.** + +my immediate priorities is to summarize and create a section of top content on the site as youtube links, and continue to expand my DD sections. + +&#x200B; + +Thanks, + +Ape historian, destroyer of free disk space +This is my first job- 12 hours a week but usually working 15 at £10 per hour, meaning roughly £7500 a year. + +On my payslip I see I’m paying 20% tax, my tax code is 0T W1 which I read means I pay tax on all my income, but why am I paying it if I’m not going to be earning over the roughly £12000 limit? +Longtime member posting on throwaway account. On a path towards fatFire, 38m with over $5m net worth. In a senior role in Tech Management (Big Bank) in VHCOL (San Francisco) - been there only 18 months, got an unexpected approach from a very successful Series E Startup moving towards IPO (likely 2-3 years) who have a critical need for my skill set that just made me an offer. Wanted to get a gauge from this community on if I should change roles or not and what factors i should consider. I’m hoping to retire/semi-retire in 5 years, so expecting whatever I choose to be my last job before I retire. Wrestling a little with future comp that is quite certain (publicly listed big bank is well-managed and delivers solid earnings every quarter) vs. a startup that is doing extremely well but naturally has more uncertainty and more risk factors. + +Startup is about 7 years old, making significant margin/revenue and is leader in its market category by some distance. Grew revenue 20x over the last 30 months, expecting that to slow down to 10x over next 3 years. Last round valuation (over $5b) was at about 9 times revenue which I think was fairly conservative. My equity value modeling below is quite conservative - I’ve done startups before so I know the drill/risks. Startup expects to be ready to IPO by 2022 but may hold off based on conditions etc. + +&#x200B; + +* Current job - exact bonus/equity value vary a little based on company performance but these are average: + * Base $410k, Bonus $550k, Stock $650k - Total Comp \~ $1.6m +* Startup Opportunity: + * Base $400k, Bonus $100k, Equity 0.15% of total shares over 4 years (at valuation from last round equates to $7m/4 years) - Total Comp \~ $2.2m + +&#x200B; + +Startup's revenue grew 2x since last round to now, recent private market transactions peg the share value at double the last round's value, so my Total Comp would be \~$3.8m if I took that into account. + +&#x200B; + +In terms of challenging work - both are great roles. in terms of work environment/culture etc. my current job is pretty good (for a big company). Startup company’s culture is fantastic and highly regarded as great work environment (Glassdoor reviews, awards etc.). I had a concrete plan to keep up my saving + investing game at the current job for another 5 years and then retire with about $8-9m. This startup opportunity came out of nowhere but looks very compelling from every standpoint I can see. What am I missing, what else should I think about? +“Earlier, in a meeting with Chinese Vice Premier Liu He, U.S. officials laid out their bottom line, telling him that Beijing had three or four weeks to agree to a deal or face additional 25% tariffs on a further $325 billion in exports to the U.S., according to people familiar with the talks. The threat came in response to the lack of any meaningful concessions by China during two days of meetings, the people said.” + +https://www.bloomberg.com/news/articles/2019-05-10/u-s-gives-china-a-month-for-trade-deal-as-talks-stay-deadlocked?srnd=premium + +Amazing . Literally said the opposite 5-6 hours earlier. + +How much does it suck to be an active investor with whipsaw statements like this ? +Since almost the beginning, I've been a customer of 86400, so the move to NAB/UBank isn't a surprise, but I have never found any info on how they justified being bought by a big 4. + +Their entire purpose, in the beginning, was to be a bank that had sustainable/ethical investments and shake up banking in Australia, and then they sell to everything they were trying to fight. + +Does anyone know if they ever had an explanation for this? + +Also, if you were a customer of 86400 and changed banks after hearing of the acquisition, what bank did you change to? +I (34, FAANG my entire career, set to FIRE in 4-5 years) have a 1-year old. + +Besides worrying that my kid is growing up pretty darn well off and being out of touch with how fortunate he is compared to everyone else, I worry that if they see me retire, they won't have a role model for how to work hard as an adult, or have unrealistic expectations career-wise if he looks at me: I was a really good student but I still think I lucked my way into getting and staying where I am and just expected to live like my parents and turned out to be living well beneath my means. I think it'd be very optimistic that straightforward FAANG-like opportunities will be around in 20 years for my id. + +All this to ask - any advice, books, or other resources on how to steer my child away from such traps and attitudes? +As someone going into real estate investing some time in the future I've learned a lot from you guys. Especially when it's in a small growing sub reddit. I feel connected and personal to a lot of people here. Thank you all. +Edit\*\* for all those who called this a conspiracy theory and witch hunt. + +&#x200B; + + + +***look at the text in the middle of this picture.*** + +&#x200B; + +https://preview.redd.it/fdwcozw3qgw71.png?width=3840&format=png&auto=webp&s=262656f215a269cfcd5e79ef3f00fe766a5aea6a + +The owner of this site has temporarily banned you. HSTS protocols are set up and configurable in Cloudflare in the HSTS panel. You can throttle scale and even turn to throttling off. + +They are at the control panel. I have so much shit ti say but this post is longer than most care for. This is screwed-up gang. + +if you want to see the epic emotional cancer thats going on dig through [r/kucoin](https://www.reddit.com/r/kucoin/) no one ever mentions gains. ...... + +Report them to reddit! Help me save crypto noobs from being harvested like explosion for preproduction on a Michal Bay film + +&#x200B; + +&#x200B; + +Here is a link to part 2. I responded to u/Johnny_KuCoin[https://www.reddit.com/r/CryptoCurrency/comments/qf4ka4/followup\_on\_kucoin\_cloudflare\_and\_more/](https://www.reddit.com/r/CryptoCurrency/comments/qf4ka4/followup_on_kucoin_cloudflare_and_more/) + +&#x200B; + +\*\*\*Edit \*\*\* + +TLDR summary + +&#x200B; + +The crux is they don't spend money on It and make money in doing so. + +&#x200B; + +Ask the exchange(s): + +While they may say "we dont make money indirectly off insurance funds" they absolutely do. + +its your right as an investor to have this detail You have every right to know the details of an insurance fund you are paying into. + +Since everyone accepts that a lot of exchanges do this, other exchanges do it to. I literally have screenshots of conversations that say this much. + +You are being throttled out. They can indeed scale up at a cost. + +If for some reason they can not they have a fiduciary duty the moment they take your funds to tell you the risk of their incapable IT architecture and settings. Moreover, they could just install a kill switch that ends trades without penalty if the web servers go down or they exceed band width. + +As cost-effective as it is to build in a kill switch as a solution its not profitable to exchanges that are having a liquidity crisis. Assets on exchanges are becoming more scarce. (reference IEP 1559 and many other facets) + +If an exchange restricts your access they should still not be placing higher priority orders via the OTC desk while you are locked out. This should also be disclosed. + +While they may say we dont make money indirectly off insurance funds they absolutely do. + +Cloudflare is the brand of edge network they are using as a server to facilitate HSTS protocol controls to throttle down access to their whim. I didn't want to get so deep as to dive into protocol-level details in this post as I was speaking to a very broad audience. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +go here if you want details + +[https://webpop.io/cloudflare/error-1015-rate-limited/](https://webpop.io/cloudflare/error-1015-rate-limited/) + +read what is rate limiting. + +and + +Cloudflare Error 1015: “You are being rated limited” results from one of a few possible causes. + +Most frequently, when a legitimate site visitor is being blocked by the rate-limiting error 1015 it’s due to issues with the rate-limiting configuration that only the site owner can fix. + +for more tecchie peeps + +[https://developers.cloudflare.com/ssl/edge-certificates/additional-options/http-strict-transport-security](https://developers.cloudflare.com/ssl/edge-certificates/additional-options/http-strict-transport-security) + +check out the hsts panel + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +With rate limiting, Cloudflare can automatically block traffic from a suspicious site visitor or IP address so that hackers, spammers, and other online pests are can’t bog down your site’s performance with DDoS attacks and other illicit activities. + +This is only one small part of a larger need to a very complex and detailed situation. + +I hope this helps + +for all the new critics of me, I hope you ask some questions of the exchanges you work with to know your risk. + +\*\*\*\*\* + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +&#x200B; + +Hey all, + +&#x200B; + +I used to design data centers ( I became a full time crypto trader) and I got very concerned when i saw them using tech i am very familiar with to try and steal peoples money via liquidations. + +Trading leverage is risky but to for a company to game the system with thier data center design is just not ok. + +&#x200B; + +below is a screen shot of Kucoin denying access to the website on peak times using Cloudflare. + +&#x200B; + +https://preview.redd.it/q52vibbgk9v71.jpg?width=1346&format=pjpg&auto=webp&s=b822b2969bc499b3c8f8f2d4e758fa5733367657 + +Cloudflare is used for 2 purposes. To stop a DDOS attack ( millions of bots refreshing a web browser to crash a server) and to defer traffic to redundant servers when server loads peak. + +Essentially they are treating all their customers like a DDOS attack and saving money on not having a redundant webserver at AWS ( Amazon Data centers). + +&#x200B; + +Notice\*\*\*\*\*I am being rate limited ( as in denied access) by cloud flare + +&#x200B; + +!\[img\](04cogvmv0av71 "[https://webpop.io/cloudflare/error-1015-rate-limited/](https://webpop.io/cloudflare/error-1015-rate-limited/) + +read this link so these are not my words + +*copy paste from link above* + +Most frequently, when a legitimate site visitor is being blocked by the rate-limiting error 1015 it’s due to issues with the rate-limiting configuration that ....................>>>>>>>>>"only the site owner can fix."") + +&#x200B; + +https://preview.redd.it/6ts934o32av71.jpg?width=2734&format=pjpg&auto=webp&s=743a27125560ca3e175241776ae336e04ec31880 + +&#x200B; + +When I asked about this on Kucoin i was insta banned + +&#x200B; + +https://preview.redd.it/gn61nqlzk9v71.png?width=3004&format=png&auto=webp&s=d7efefebd5101eae319959f8bede2bdf2e827c0a + +&#x200B; + +https://preview.redd.it/q2mep7f2l9v71.png?width=1766&format=png&auto=webp&s=b0aef5db570dbb564e914918aa0b6cd94afe9e8b + +If I was wrong I figure someone would at least talk to me about it. + +but when i add this server denail access stuff on top of little nuansces like them removing the liquidation price on margin to increase customer risk I got more concerned. + +&#x200B; + +Their servers are going down way too often as well [https://downdetector.com/status/kucoin/archive/](https://downdetector.com/status/kucoin/archive/) + +Essentially by not spending more on IT they make more money. + +When the servers go down they are still processing institutional orders via the OTC desk + +The link below is not spam its to the Cloudflare's website ( kucoins vendor) + +[https://www.cloudflare.com/learning/what-is-cloudflare/](https://www.cloudflare.com/learning/what-is-cloudflare/) + +They are treating their own customer base as a threatening attack like DDOS + +Kucoin is assigned a Cloudflare Ray ID, an identifier like a phone #. Kucoin ray id 69fc3e2db9e762eB + +Kucoin uses Amazon Data centers or AWS, they could recitify this whole issue by using geo load balancers aka a gateway load balancer + +[https://aws.amazon.com/about-aws/whats-new/2021/03/aws-gateway-load-balancer-is-now-available-in-additional-9-regions/](https://aws.amazon.com/about-aws/whats-new/2021/03/aws-gateway-load-balancer-is-now-available-in-additional-9-regions/) + +Instead they let the servers go down and get laggie to make extra money. They save money on IT and make money off liquidations + +Roughly 5% of their revenue comes from liquidations. + +Helpdesk wont even acknowledge this; I designed data centers, I know how this works for anyone who has questions + +I posted this on the Kucoin subreddit and "no surprise" I was banned. + +It legitimizes what I am saying as if I was wrong their help desk could have asked me for my support ticket + +&#x200B; + +Edit update\*\*\*\*\*\*\*\* + +I went and grabbed the following off their moderator list + +This is thier executive team and one developer + +[u/kentli35](https://www.reddit.com/u/kentli35/) + +[u/purekid](https://www.reddit.com/u/purekid/)[u/Johnny\_KuCoin](https://www.reddit.com/u/Johnny_KuCoin/)[u/Edith\_KCFuture](https://www.reddit.com/u/Edith_KCFuture/) + +after tagging these guys on my Kucoin post they changed the moderator list to private + +&#x200B; + +\*\*\*\*\*\*EDIT UPDATE + +I was in error, the mod list goes private when you are banned. I feel its important for me to correct inaccuracies + +For this, I would like to apologize to Kucoin as I wasn't aware mod lists went auto-hidden when you are banned. I have never been banned before. Secondly apologies to the Crypto community for the same reason. \*\*\*\*\*\*\*\*\* + +&#x200B; + +https://preview.redd.it/rzs1og0cq9v71.png?width=2736&format=png&auto=webp&s=5086be63f87b36b1bd148d51d932d60b3708e51a + +The moderator list wasnt private until my post. The one where they banned me. + +&#x200B; + +HMMMMMMMMMMMM thats a bit SUS + +&#x200B; + +\*\*\*\*\*edit update\* + +I am getting alot of questions and a TON mof messages with horror stories and people asking for help + +The big question is do they know about this + +I personally PM'd the CEO u/johnny_kucoin and he responded + +&#x200B; + +https://preview.redd.it/15078yhmv9v71.png?width=1341&format=png&auto=webp&s=36514913d56552d7ac0146efd43a99963a06ae3c + +&#x200B; + +https://preview.redd.it/uti2xancv9v71.png?width=1619&format=png&auto=webp&s=fad92498b3d0a9950a62c35690ee8030955246fc + +&#x200B; + +https://preview.redd.it/nw5noo5kqav71.jpg?width=3121&format=pjpg&auto=webp&s=6599cad3ce8fe23bffa1f6c7ce92aad7cd6f9a58 + +&#x200B; + +https://preview.redd.it/g1umcp0nqav71.jpg?width=2601&format=pjpg&auto=webp&s=f45affd38a8dfbbcd34a3138c54a0dd5056b5ca5 + +How else do they know ( they are knowingly doing this) + +&#x200B; + +How this works is Amazon data centers charges you by the cumulative resources you consume. ( cpu, gpu, data storage, ram etc) + +In these settings you can throttle the virtual machine/ cloud servers resources forcing it to go down. I am not implying that they are doing this. + +I am saying they are knowingly using settings that let the server go down repeatedly. There are formulas to calculate loads on concurrent users. They are clearly not using settings or intentionally using settings that trip the server to go down. + +If you dig through this archive you can see when outages are being reported. They get a system notice that they hit a threshold of resource utilization. + +[https://downdetector.com/status/kucoin/archive/](https://downdetector.com/status/kucoin/archive/) + +Now in the event, you have a crazy anomaly Cloudflare and Amazon have the ability to redirect to a redundant location with a technology called geo load balancing + +[https://aws.amazon.com/about-aws/whats-new/2021/03/aws-gateway-load-balancer-is-now-available-in-additional-9-regions/](https://aws.amazon.com/about-aws/whats-new/2021/03/aws-gateway-load-balancer-is-now-available-in-additional-9-regions/) + +Notice in my screenshot that it says there is a gateway issue + +that link talks about load balancing the gateway ( offloading the processing power) + +They VERY MUCH KNOW THEY ARE DOING THIS + +&#x200B; + +Infact I let the CEO know via PM + +&#x200B; + +https://preview.redd.it/8myd59tpoav71.jpg?width=3307&format=pjpg&auto=webp&s=5843459f892d65f25a6735c38cf647bcf0fb7f91 + +the date on that PM is Sept 29th + +They had another outage this past weekend and even today + +&#x200B; + +&#x200B; + +https://preview.redd.it/gtenjo5zoav71.jpg?width=2873&format=pjpg&auto=webp&s=555fe15ee5c769c5dda0ff3198f21f3bf7bb352f + +and email + +&#x200B; + +https://preview.redd.it/h8ibbasepav71.jpg?width=3375&format=pjpg&auto=webp&s=8b1563e3d6f8c5fa98d7963f86cc6cc0da13b84d + +https://preview.redd.it/2kywbo6wpav71.jpg?width=3338&format=pjpg&auto=webp&s=b927e221153ac266d5b43ff21f89edd0f8a5f94f + +&#x200B; + +&#x200B; + +Essentially thier help desk team does nothing and they keep passing you back and forth until you give up. + +In professional management the term for this is "being managed out" + +&#x200B; + +\*\*I share these communications just to show THEY DAMN WELL KNOW AND NEVER DISPUTE WHAT I SAY\*\*\*\* + +They are getting system notices via email from amazon (e.g. You are at 89% cpu utilization you need to scale or you may face faliure) + +Their Amazon (AWS) sales guy is calling them every day trying to sell them more services. + +&#x200B; + +e.g. Hey i am your hypothetical Amazon Sales Guy " I noticed you guys are throttling cpu load on webservers, can I offer you a bigger package and maybe we should tal;k about fail over locations incase your server goes down under load. + +&#x200B; + +frankly, I would bet my life on it that they know this is an issue and why + +&#x200B; + +There isnt a data center architect (what I did) on the planet that couldn't answer why their servers are going down. This is 101 level stuff + +&#x200B; + +They also have the ability to kill the back end server ( where trades happen) this is done on all major exchanges like the HK ex + +[https://www.hkex.com.hk/News/Market-Communications/2016/160425news?sc\_lang=en](https://www.hkex.com.hk/News/Market-Communications/2016/160425news?sc_lang=en) + +[https://fxnewsgroup.com/forex-news/exchanges/hkex-to-introduce-kill-switch-on-hk-securities-market/](https://fxnewsgroup.com/forex-news/exchanges/hkex-to-introduce-kill-switch-on-hk-securities-market/) + +&#x200B; + +and Chicago CME + +[https://www.cmegroup.com/tools-information/webhelp/globex-credit-controls/Content/Kill-Switch.html](https://www.cmegroup.com/tools-information/webhelp/globex-credit-controls/Content/Kill-Switch.html) + +&#x200B; + +Essentially the webserver sends a hearth beat signal ( its literally called that) if the heartbeat is not heard all trades pause ( a kill switch) + +[https://en.wikipedia.org/wiki/Heartbeat\_(computing)#:\~:text=In%20computer%20science%2C%20a%20heartbeat,parts%20of%20a%20computer%20system](https://en.wikipedia.org/wiki/Heartbeat_(computing)#:~:text=In%20computer%20science%2C%20a%20heartbeat,parts%20of%20a%20computer%20system). + +&#x200B; + +&#x200B; + +This is VERY common design work, like windows to a house level ... for lack of better comparrison + +In Kucoins instance they let the webserver go down but the back end server was still moving. All the whales use OTC desks and have dedicated access. So they processed the whale orders and let all of us burn alive and took our money + +Its safe to say they have ZERO plausible deniability + +&#x200B; + +I can share screen shots with thier help desk if its hellp ful + +&#x200B; + +I went so far as to volunteer to fix the issue for free, + +&#x200B; + +&#x200B; + +https://preview.redd.it/8txyhgqux9v71.png?width=2133&format=png&auto=webp&s=4ea469c5f87a1ce92bc9c245b7c3e58c4563db7f + +The CEO went so far as to acknowledge the outage happened and they would do the right thing but it was all BULL SH!t + +IT was a PR stunt and no one go money anywhere close to thier losses. Here is his reddit post + +[https://www.reddit.com/r/kucoin/comments/pk7bjm/to\_those\_affected\_by\_kucoin\_access\_issue\_on\_sep\_7/](https://www.reddit.com/r/kucoin/comments/pk7bjm/to_those_affected_by_kucoin_access_issue_on_sep_7/) + +\*\*\*\*Edit\*\*\*\*\* + +I want to bring attention to [Omgno001](https://www.reddit.com/user/Omgno001/) who inspired me to speak up. He has a video you all need to check out + +here is the kucoin thread + +[https://www.reddit.com/r/kucoin/comments/qcy28h/update\_kucoin\_futures\_bug\_cost\_me\_6\_figures\_once/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/kucoin/comments/qcy28h/update_kucoin_futures_bug_cost_me_6_figures_once/?utm_source=share&utm_medium=web2x&context=3) + +here is a direct link to the video for those who dont want to read the thread + +[https://photos.google.com/share/AF1QipObxH6a7HEx2uePBoyl6rmSwi5TDoVCaKISIunvzwzaagPvnSM6RDpvau6dTa30JA?key=UXZkZEZmOG9zcERTVU5iMGtJZzBSSHgxMjYyUFd3](https://photos.google.com/share/AF1QipObxH6a7HEx2uePBoyl6rmSwi5TDoVCaKISIunvzwzaagPvnSM6RDpvau6dTa30JA?key=UXZkZEZmOG9zcERTVU5iMGtJZzBSSHgxMjYyUFd3) + +&#x200B; + +&#x200B; + +Most of us are doing crypto to better our lives, it's a little hopium in a dark f\*\*king world. We all need to stand together and speak up + +\*\*\*edit\*\*\* + +We tagged their executive team in the comments + +I want to give them the benefit of the doubt even now. So far thier only response was to ban me from kucoin and hide the moderator list after i tagged them on the kucoin subreddit. + +Should they not comment or address the issue, I will have all the answers I need. + +If they do show up we have a chance to ask questions. + +If they have nothing to hide, they won't be hiding. + +&#x200B; + +If they do show up, I implore all of you to come forward on this very thread and step up to the mic and ask them about your issues. + +&#x200B; + +&#x200B; + +Thank you for all the love guys. I am mostly a lurker + +&#x200B; + +&#x200B; + +\*\*\*\*edit\* + +There are people asking if this is possible an honest IT mistake. Like they messed up and don't know any better + +Well I hope not + +Would you run a business solely on the web that handles over $1 billion dollars of transactions daily without a single redundancy fail-over site for high availability which is a ubiquitous industry standard? + +If you had issues with web server outages more than all of your competitors and relied on transaction fees for income... there would be an obvious question of "doesn't downtime hurt your income from transaction fees if your customer cant process transactions? + +If they are honest... they are so grossly incompetent they are still just as big of a threat. + +Occam's razor is **a principle of theory construction or evaluation** according to which, other things equal, explanations that posit fewer entities, or fewer kinds of entities, are to be preferred to explanations that posit more. + +So what is more plausible is" a company rose to #3 by market cap and is processing over 1 billion a day in transactions but yet never heard of the industry-standard redundancies. + +They cant figure out how to stop the loss of income from amissing transaction fees + +They also never address that they have more outages during periods of high liquidity transfer ( not volume) than all of their competitors. + +&#x200B; + +&#x200B; + +Yet still, appease their institutional customers moving $35 million in assets or more? + +or + +&#x200B; + +That they are pulling an industry-standard broker tactic of pulling out the proverbial buy/ sell button of securities when they may have a liquidity crisis. \* Like Robinhood did with GMC, AMC, and Dogecoin. While still catering to whales + +&#x200B; + +I hope they show up to answer these questions. + +Because of the derivative funding fees, the constant issues with withdrawals (often you can't withdraw), deleting stop losses, not triggering stop losses and removing the liquidation price on margin contracts increasing the risk of liquidation makes me want to ask a lot of questions + +&#x200B; + +When I started to ask these questions I got instantly banned. + +&#x200B; + +When I looked up there moderators and saw they were teh executives of the comapny and tagged them, they made the mod list private. + +&#x200B; + +Through this all, I am still willing to give them the benefit of the doubt, but your don't get to lock me out of my house and then burn it to the ground.. subsequently blame me for it. + +They tried to silence me when I asked questions. + +There is something off here! + +&#x200B; + +&#x200B; + +&#x200B; +Hi, + +I have started investing in REIT focused on the European region. I see that yield (dividend) is okay and in long-term (hopefully) fund price may rise. The advantage I get is a low capital entry, DCA, no headache from the management of the real estate, risk aversion. + +Question: how do you compare buying real estate to REIT? let's say you have 500k EUR in savings for investment, why not buy REIT instead of buy a house and lease it? +Hello guys, I'm currently 25 years old.I gratuated recently at just started working full time. My wage is the average wage in my country. I have a savings of 10k approximately all in stocks. I live with my parents and each month i invest 50% of my income which 500eur. By the end of the year I will have around 17-18k in stocks. My idea is to use my money in stocks as a leverage to take out a mortgage of 26k to buy 3 hectares of land. Each hectares us around 8k and if you grow there wheat it will bring on average 300-350eur. What do you think about this idea? I was counting my my overall asset + debt ratio would be approx 1:1 which i think is not bad and would allow me to grow my wealth. +I read a lot of books about this topic but was all about american investor (they talk only about SP500 and american law); can anyone advise me books about this topic but for an european investor? +Thanks +Stocks in mainland China plummeted about 9% on Monday morning as they returned to trade following an extended holiday amid an ongoing coronavirus outbreak. + +The Shenzhen component plunged 9.03% in the opening minutes while the Shenzhen composite fell 8.882%. The Shanghai composite dropped 8.6%, according to Reuters. + +In Japan, the Nikkei 225 dropped 1.59%. The Topix index also declined 1.25%. South Korea’s Kospi also shed 1.46%. + +Meanwhile, shares in Australia tumbled as well, with the S&P/ASX 200 dropping 1.69%. +Overall, the MSCI Asia ex-Japan index traded 1.39% lower. + +Investors will be bracing for the return of trade for mainland Chinese stocks at 9:30 a.m. HK/SIN on Monday, following an extended holiday amid an ongoing virus outbreak that has taken more than 300 lives in the country so far. + +The People’s Bank of China announced Sunday that it will inject 1.2 trillion yuan (approx. $173 billion) worth of liquidity into the markets via open market reverse repo operations. The Chinese central bank said the overall liquidity in the system would be 900 billion yuan (approx. $130 billion) more as compared to the same period last year. + +“While this will be the largest single-day addition since 2004, it implies a mere net injection of RMB150bn as commercial banks are scheduled to repay RMB1.05tn of funds on Monday,” strategists at Singapore’s DBS Group Research wrote in a note. “The authority may need to inject more cash in the rest of the week via reverse repo and/or medium-term lending facility to soothe market nerves.” + +https://www.cnbc.com/2020/02/03/asia-markets-china-markets-coronavirus-caixin-manufacturing-pmi-in-focus.html +So this is a shoutout to all other XX or even X holders who have put in all they can. Don’t put yourself in financial jeopardy, you owe it to those shares to keep your bills paid and your head above water. Buy another share when you can but make sure you do whatever it takes to hold. + +This *is* financial advice. Not just this stock specifically but any investment in general. Put in what you can when you can but separate your financials. Keep your day to day and short term goals in focus, then invest a portion of whatever is left over. +I've been saving up for retirement but trying to figure out how to balance it out. + +I have seen some older folks die with a ton of money in the bank and without living life one bit. What's the point of doing that? + +I have also seen folks blow off their retirement way too early and regret it till their end. + +I'm trying to figure out how to tread the middle. Ideally, I would spend the last penny I have on the last day I'm alive, but since we can't predict lifetimes or the market/economy accurately, I'm super confused as to how to balance this out. + +What are you planning to do when you retire? Anybody already in retirement that has some wisdom on that? + +Edit: Want to add that I know of the 4% rule but there has to be something better. That worked in the 20th century but there's no reason to assume that it'll work well now. +Collectively institutions around the world spend billions (maybe trillions?) on research to price the market. Why would you think you now have a better understanding of the price of the market than these institutions? This sub has completely thrown away the logic of not being able to beat the market. Think about it, if the markets were guaranteed to tank, wouldn’t you just buy puts and print money? FYI there are lots of technicals, and other market theories, that justify this requisite correction to the upside before another downturn....I just think it’s funny how this sub has always preached not being able to time the market but yet are now upset when they cannot. +As an European I have often be astonished by some reports about things people sued companies for in the US. + +Edit: +I'm really sorry for how I framed that McDonald's case. Thanks to the many comments I looked it up and wow did this story get twisted in certain media. +Again, I'm sorry for spreading this lie, so I have removed it. Thanks for letting me know. +/edit end + +"Well yeah the microwave instructions didn't say that I can't put my hamster in there to dry him you know..." + +Stuff like that. + + +But when organisations like the SEC and DTCC are so obviously acting against some companies and just don't do what they're supposed to do, you can't sue them? + +I mean it starts with them still calling GameStop and others meme stocks and mocking them. We all saw the video on their youtube channel where they made fun of a retail investor that wanted to buy such a meme stock. + +So they are actively disencorauging people to buy certain stocks. +They are actively hurting these companies. + +How come GME and others can't sue them for that? + +And don't even get me started on the naked shorts, the FTDs and, just from the SECs report of yesterday, the failure of the DTCC to enforce a margin call. +There are around 30 health insurance companies in India. I have asked multiple questions about the best health insurance plan and have not received a satisfactory response. Hence I took the initiative myself and compare the companies and plans in India. This is part 1 of my research. Please correct any mistakes and give your inputs. + +&#x200B; + +**IRDAI** \- Insurance Regulatory and Development Authority of India. This agency regulates the insurance industry in India. + +&#x200B; + +They released their annual report on December 16, 2019. The report can be found at: [IRDAI all annual reports](https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_NoYearList.aspx?DF=AR&mid=11.1) + +According to the report, below is the ICR % of all the Health Insurance companies in India. + +&#x200B; + +**Public Companies** + +|*Company Name*|*ICR this year (2018-2019)*|*ICR last year (2017-2018)*| +|:-|:-|:-| +|National insurance|107.64|115.55| +|New India assurance|103.74|103.19| +|Oriental insurance|108.80|113.86| +|United India insurance|110.51|110.95| + +&#x200B; + +**Private Companies** + +|*Company Name*|*ICR this year (2018-2019)*|*ICR last year (2017-2018)*| +|:-|:-|:-| +|acko general|24|65| +|bajaj allianz|85|78| +|bharti axa|89|98| +|cholamandalam ms|35|40| +|dhfl general|46|08| +|edelweiss general|115|70| +|future general india|73|87| +|HDFC ergo general|62|53| +|Go digit|11|60| +|ICICI lombard|76|68| +|IFFCO Tokio|102|91| +|Kotak Mahindra|47|48| +|Liberty Videocon|82|75| +|Magma HDI|90|35| +|Raheja QBE|33|18| +|Reliance general|94|107| +|Royal sundaram|61|61| +|SBI general|52|53| +|Shriram general|53|51| +|TATA AIG general|78|61| +|Universal Sompo general|92|104| + +&#x200B; + +**Standalone Health Insurance Companies** + +| *Company Name*|*ICR this year (2018-2019)*|*ICR last year (2017-2018)* | +|:-|:-|:-| +|Aditya birla health|59|89| +|Apollo munich health|63|62| +|Cigna TTK health|62|46| +|Max Bupa health|54|50| +|Reliance health|14|na| +|Religare health|55|52| +|Star Health and allied|63|62| + +&#x200B; + +&#x200B; + +* What is ICR percentage? + +*ICR % = Total money paid by the company to the users as claims / Total money received by the company as premium. x 100* + +Higher ICR is better. ICR % of 20 means the company received ₹100 as premium but paid back only ₹20 as claims. + +ICR of over 100 means that the company is paying back more than it is receiving. In that case, the company may be running in losses. + +&#x200B; + +**All public companies have over 100 ICR. All 4 of them have paid at least 200 crores more than they have received each year.** + +&#x200B; + +**Companies with too low ICR are:** + +Acko general + +Cholamandalam + +DHFL general + +Go digit + +Kotak Mahindra + +Raheja QBE + +Reliance + +&#x200B; + +They have paid less than half of what they have received. ICR < 50 + +&#x200B; + +Please consider this data when buying Health Insurance. + +ICR alone is not the criteria. In the next few posts, I will compile and compare more data to reach a general consensus. + +&#x200B; + +Edit: formatting +This is based on data provided at [https://nifty-pe-ratio.com/](https://nifty-pe-ratio.com/) + +This might mean prices are good enough already to invest specially for Nifty Index investors. Please feel free to refute this. + +EDIT: Please keep in mind that the earnings will take a hit so this PE is expected to increase once the new earnings come. +I'm hoping this is the right subreddit to post in and someone can offer some help! + +I was a spouse on a 457 visa and left Australia in 2018 when my visa got cancelled. I was working freelance and had a small business. Before I left I got my accountants to finalise my taxes and lodge my last statements. There was no amount owing and as far as I was aware everything was wrapped up and the business was closed. + +I've just received an email from MyGov so I logged in and found that I have accrued almost $10k in debt due to not lodging business activity statements since 2018. + +What do I do in this scenario? Do I get in touch with the ATO showing that I clearly left the country 3 years ago when my visa was cancelled and the business hasn't been trading since? Will I have to pay this debt? +I got this information from Dr. T and Wes (youtube time links to sources are below, with shoddy transcriptions - I recommend listening to the videos yourselves), but the pertinent part is Wes's comments from his AMA about overvoting. He stated if there's an overvote the company (GameStop in our case) can see the huge overvote numbers, but they must be massaged and culled before the final 8K reporting. He said it happens in a dark room, and is a complete joke. + +Dr. T mentioned if an overvote occurs the company can hire an auditor of some sort of investigate exactly what happened. This is an option, but doesn't necessarily mean GameStop will take this line of action, though, it was Dr. T's explicit recommendation. + +[Wes AMA time link](https://www.youtube.com/watch?v=q8-JO3g5bm4&t=82m28s) + +Q (Lucy) : Next question, if proxy votes far outnumber the float, how would that be handled by regulatory agencies, and if it goes to court will there be a squeeze or a settlement? + +A (Wes) : Well there's many parts to that question. So let's start with the proxy vote. So as Susanne Trimbath says in book, the Naked Short and Greedy... It talks about this issue of over-voting is what they call it. The question is called over-voting at the DTC. She dealt with it when she worked at the DTC many years ago. Imagine that it's gotten worse. I'll tell you sadly, sadly how it's dealt with. It just gets wiped out. **I can't get into details but I can tell you that the vote counters and proxy services will actually show that discrepancy the day before the record day, but on the record day, somehow, it all just gets washed out. It just acts like it, you know, I see nothing I know nothing I do nothing. So ultimately it's a joke, and it's a very sad joke.** It does impair corporate governance though... + +End quote -- And Wes goes on to talk about legal options since you know he's a lawyer. + +[Dr. T AMA time link](https://www.youtube.com/watch?v=fGVY2Kco8ng&t=2060s) + +Dr. T : What do you do like you said right now, GME is in proxy season. And there's a story about Overstock in the book \[her book Naked Short and Greedy\] as well about what they, their proxy, what happened at their annual meeting when they got more votes in, and they knew for a fact that members of Patrick's family did not receive their proxies, so were unable to vote, right. There's umm... there's a website called [inspectors-of-election.com](https://inspectors-of-election.com) ... The company has to do this, the investors don't do this, the company hires an inspector of elections, someone like Carl Hadberg for example. Who will actually go in and try to figure out... In my view, and this is Carl Hadberg's view as well, and he's much more experienced on that side of the business than I am, **if you're an issuer and you get more votes in than shares outstanding you should not accept those election results. You need to stop, call in an inspector, and get this thing straightened out. This will help to reveal evidence if there is naked shorting, if there are fails to deliver, whatever's going on, it can be revealed.** There are a few things that bubble up, there's a lot about fails to deliver, and naked short selling that you will never find in public information. Right? Even the issuers have a hard time finding out exactly what is happening with their stock. This is a long term problem. **There are a few things that bubble up, and one of them is during the annual meeting that comes with voting**. + +End quote. + +tl;dr + +The real vote count has in all likelihood been completely hidden, as this whole "process" is a sad joke, in Wes's own terms. This is not GameStop's fault, but merely that the system here is a bit broken (like we all knew)! + +**So we don't know what numbers GameStop saw, and we don't know what their plan is. Ryan explicitly said in the shareholder meeting he won't be telegraphing his plans to his enemies, and instead wants us to be patient and wait to see what action they take.** + +Edit: More info here [https://www.reddit.com/r/Superstonk/comments/mya2a8/dd\_heres\_what\_happens\_if\_there\_is\_over\_voting/](https://www.reddit.com/r/Superstonk/comments/mya2a8/dd_heres_what_happens_if_there_is_over_voting/) +After signing up to reddit and becoming a part of this beautiful sub I have learned an insane amount of information and this is my take on a small portion of it. + +Let’s start with reddit and MOONS. I know at the moment even though the amount of moons per karma has decreased incredibly it’s still such an amazing concept to get your head around. Rewarding the user with tokens that could potentially earn the users money just for providing good content is extraordinary. This seems like a good step in the right direction instead of things like likes on Instagram where their only value is self esteem. In addition, it’s not focused on appearance so it’s a lot less biased; anyone with a good thing to say will be upvoted no matter what they look like. + +Next is brave and BATS. I understand that if brave went mainstream then they would earn a ridiculous amount of money through advertisement but this would also then be split with the person that’s getting the advertisement shoved down their throat. I know I would personally prefer to get payed for being manipulated by ads then just be manipulated for free. Not to mention the other benefits brave has to offer. + +I think that this is just the start and I’m extremely excited to see where this concept of rewarding the user can go! +**Towards self-governance** + +If we're heading towards a decentralised world, more will be at stake than ever before for the online communities that inhabit it. A core problem involves the need to facilitate broad-based and representative decision-making within these communities. Contribution-weighted governance enfranchises community stakeholders and allows for healthy growth. + +The new polling and donuts features on the sub have been added as a way to experiment with one form of community-based decision making. They reflect the motivations behind previous attempts to try this out ([ethtrader dao](/r/ethtrader/comments/72scaj/) and then the r/recdao project). A core component in these was a karma derived token. While it can be improved upon, sub specific karma is a reasonable proxy for contribution. This metric represents "work" that can be leveraged to do [sybil](https://en.wikipedia.org/wiki/Sybil_attack)-resistant governance. + +My own interest in the Ethereum project is based largely in the belief that people should have influence in the systems that affect them. While polling & donuts don't use Ethereum as the r/recdao project did (could they?), they offer other advantages. Iteration and feature development happen fast. And being integrated into Reddit means the user experience can be first class. These new features are a great opportunity for this sub and also for the wider understanding of how to optimise for healthy online communities. + +**My role** + +As a moderator my first and most important principle is to allow free expression of ideas. In support of this there is also a duty to protect against spam and manipulation. While we all influence what this sub looks like when we vote on content, [give feedback](/r/ethtrader/comments/9t6yha/daily_general_discussion_november_1_2018/e8vix6g/), and vote in governance polls, my own desire is to see r/ethtrader: + +- promote the Ethereum project and ecosystem +- encourage and support sound and reasoned investments and strategies +- be welcoming and entertaining +- explore ways to improve itself +- decentralise itself +- be self governed + +&nbsp; + +I'm happy to expand on any of the above - just ask in the comments. Thanks for reading! + +**Do you approve me to remain as first moderator?** + +[View Poll](https://www.reddit.com/poll/9tm60s) +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. +**TLDR: https://imgur.com/a/hA83Tet Lost $14,000 on FFG today. In 2018, I made a ~95% loss on FFG with one of my first trades. FFG is a dirty bandwagoning pump and dump. Commsec also fucked me today. Commsec and FFG make me cry.** + +Ok degenerates, I have a fun little story for you. In 2018, I learnt about the wild swings of the share market and decided to make a punt at $800 of FFG at 8.6c seeing that it was on the way up and there was a lot of buzz around it utilizing blockchain (or something along those lines) - which was a hot topic at the time because of the initial rise of bitcoin (see a trend here?). It felt good to see it rocket to its peak of 13c shortly after, but then violently dropped as time went on. It went from about 13c to 5c in about two weeks but I decided to continue holding. "HODL" - they cried. "Time in the market beats timing in the market" they yelled. I was adamant that if I held long enough it would go back up. I was actually so demoralised by the continued drop that I stopped investing in the stock market at all until 2 years later. By Jan 2020 it had dropped to 0.7c and I sold it for around $50 at a ~95% loss because I couldn't bear to keep looking at it in my portfolio. + +As I'm sure you all know FFG has gone on an absolute tear over the past week from impending news regarding another new hot thing they're getting into - BNPL. Upon seeing this, I thought this would be great opportunity to take revenge on FFG for my trauma 3 years ago - using the momentum and my new knowledge to gain a few thousand dollars with intra-day trades yesterday. + +However, today was truly a fateful day. I knew that it would gap up and my plan was to trade the initial upswing for "easy" gains and sell instantly when it starts dropping. + +https://imgur.com/a/hA83Tet As you can see, this did not turn out well at all. + +So what happened? I made bad decisions and Commsec decided to royally fuck me. Once FFG opened to the market and I confirmed the rise, I bought at 35c. However, the order didn't confirm but was left as "pending" and seemed to be in limbo as I was neither able to cancel the order or see the shares in my account. As I was scrambling to figure out what was going on and whether the order actually succeeded or not, the price had risen a bunch so I decided to place another order at 42c. But same result - just a pending order sitting frozen there. Being distracted and confused, trying to figure out if my orders had gone through, I was unable to keep an eye on the price and it started dropping *hard*. It finally showed that my orders had gone through and I was holding onto 300,000 shares of FFG, but the price had dropped so much that I had no choice but to sell instantly at 33.5c, incurring a loss of $11,500. I was so emotionally clouded by this whole sequence of events that I tried to trade it again at 26c, losing $2,500 - in hindsight knowing that I should have steered clear of it after such a large dump. All in all a very sad day. I then proceeded to burn the meat pie I made for lunch as well and had to sadly scrape the burnt bits off the top. I did end up making more than half of my loss back towards the end of the day, but that's not what this story is about. + +So what went wrong with Commsec? I realised that this issue has actually happened to me before, a few months ago in a similar scenario. I was trading a very high volume open and used a did not use a limit order, and my order stayed pending for about an hour. I suspect this might have to do with the time that it takes Commsec's end to process so many transactions. However, with these kinds of trades, even seconds can be the difference in gains and losses. Another user described their similar experience here: https://www.reddit.com/r/ASX_Bets/comments/lloij7/fellow_traders_please_help_with_an_issue_im/ + +I'm going to start looking into new brokers or platforms to use for these kind of trades in the future. + +As for FFG, this time might be different, but I honestly can't see them as anything more than dirty bandwagoning pump and dumps anymore haha. I've had two very sour experiences with them now. But maybe I also shouldn't get too emotional about trades. + +**I hope this story has been entertaining and that maybe you've even learnt something too! Need to keep some losses showing so that we don't think it's always rainbows and sunshines here. Be careful and good luck to you all in these volatile times!** +With the current new algorythm posts and that we are due to a breakout, i want to remind everybody take all the information with a grain of salt and dont trust everything. + +Don't act rash and lose a bunch of money only because something predicted didnt come true. +look at piece of shit Kodak's volume (i own no shares or calls, think its funny, might buy puts after it settles down) + + [https://finance.yahoo.com/quote/KODK/history?p=KODK](https://finance.yahoo.com/quote/KODK/history?p=KODK) + +100-200k shares pretty regularly, then a day before the huge loan news, 1.64 million shares!! + +will this be investigated? no...will anyone go to jail? no....theyll be on their new yacht doing coke off of IG thots' asses + +&#x200B; + +in summary, i wish i was born rich so i could have these insider trading connections :( + + + +Edit!!!!! Looks like news came out yesterday. Can’t find exactly when. Think morning ? + +Look at after hours Monday and pre market Tuesday. About 50 mil shares were bought !! + + +Edit 2: I swear CNBC producers look on this sub. They are talking about it on fast money right now. One guy said this feels like an insider game lol + +Edit 3 7/31 update !!!! Lol +For those few out there who are consistently profitable and to whom we all admire: what was your breakthrough in trading? Can you clearly identify the obstacles you faced, in retrospect? Finally, can you tell us about the first *really* good trade you made? +While researching in German publications I found the official site where hedge funds/institutions have to publish their net short positions in german stocks. + +It’s rather detailed and has to be updated regularly. + +So if the people tracking citadels performance need more actual data. This is a little something. -> have a look at this [site](https://www.bundesanzeiger.de/pub/de/nlp?2) and search for citadel. + +You will get a list with current net short positions in German stocks. +[Like this](https://imgur.com/a/Y6NFW3o) + +I am sorry if this has already been posted and is public knowledge. 😊 + +Edit: +Bundesanzeiger (the site) is the official publication platform of the German government. Where all company data etc has to be published. +That is basically all. + +Nothing really left to add. Except some GME-shares.. + +The DD is solid. + +6%-dip? I don’t care. Buy & Hodl. + +MSM? I cant read. + +Good news? Buy. Bad news? Buy. Sideways? Buy as well. + +I really just like the stock and am grateful to have fun with the community while waiting. + +Cheers. + +🚀🚀🚀 +Hi, I have been thinking for a long time. + +I work at tech sector and 99% of companies are loosing millions of dollars every month and don't even have a plan to become profitable. They just see other companies with huge valuations and copy their business model. + +Nobody cares because shareholders ara making millions selling their stock because VC value companies based on revenue and not profitability. + +It is common to hear things like: "Uber has made a los of value to their shareholders" but only in paper, in reality this aren't great companies because they just don't have a profitable business model. + +Who is really paying this loss? + +Is this something good for the economy? + +What are the consequences? + +Can this go on forever? +I know it’s popular to say that Presidents don’t have an influence on the economy, but I struggle to understand how certain moves made by the government don’t have an effect on the health of the economy. + +What’s the most likely cause of the downfall of the market? +Are there any policies that can be made to help prevent recessions or is this just the nature of the economy? +I got principles of economics textbook by george mankiw from a friend and it was pretty good but during moving i think i lost the book. +I have read a couple like arm chair economist, basic economics a citizens guide to the economy and undercover economist. The problem is they feel superifical and i didnt feel like i learned anything i didnt already know. I started reading Capital in the 21st century by thomas piketty but it felt advanced for me at the moment. + +So i am looking for something to be detailed with elaborative statistics that pretty much goes into detail about every topic. I dont mind multiple books to cover it all . +If I take $1 from someone with an annual income of $100k and give it to someone with $10k income, how much if at all have I increased total utility, on average. Is there even any way to empirically find out how much the marginal utility of money declines with higher and higher incomes? +The CPI report came out today indicating biggest inflation jump since 2009. + +Since the market historically has always performed better than inflation, wouldn’t investors want to put money IN the market to account for inflation instead of selling and pulling out? + +From my understanding that’s why every financial advisor will tell you to put money into the market to account for any potential inflation since your money will lose value due to inflation +https://youtu.be/-nAco9ZGiAE + +Just thought I'd share it. It's definitely a growing movement and gaining more attention. + +The comment section is a cesspool though... +Every time I come on this subreddit there is never anticipation posts. It's always get in now before its too late and the stock will already be up 400%. I would go on the penny catalysts subreddit and there was a chart with several companies with expected news, the exact catalyst, a date, and some type of link to provide proof. It was almost too easy to make money on there. I like reading what people post on here to maybe give myself some direction into what I may want to start researching into, but for the most part its just posts about companies that have already popped off. I really wish the pennycatalyst subreddit was still up and running, but the mods and creator have completely abandoned it. The idea of the chart being consistently updated with very valuable information and proof (weeks if not a month in advance) on MAJOR CATALYSTS while being approved by the mods was genius. If anyone knows where I can find a resource similar to that please let me know. I miss making money like I was 6 months ago. +Hi all, I am in a strange situation where I was severely delayed in both directions of a return train journey with multiple operators. + +The rules appear to say that you should claim from the first operator that caused the initial delay. Since this was different in both directions I made two claims. + +Now both have come back and due to the length of the delay I have been refunded over 50% the original ticket price from both. + +Have I done something wrong here? Should I just be happy with the extra compensation from the train companies? +Today I was checking my bills and noticed my cell phone had increased. Apparently AT&T decided to upgrade all 2GB data plans to 4GB data plans without authorization from the customer. The representative told me that it was “just $5” for double the data. + +Just a heads up to go check your bills. If you don’t want the upgrade make sure they change it back AND request a credit. In my case it was a $9 credit (partial month, and full month). If you don’t ask for the credit, don’t expect it to automatically show up. You have to ask. +I used to be addicted to crypto, staring at charts all day, zooming in on minute candles, ruining my eyes looking at red and green dildos. I wasted money chasing pumps and dumps, lost a considerable portion of my savings on shitcoins (think worst of the worst, shit like BTC, ETH). + + +And then I found drugs. Started small with just cigarettes, soon moved onto weed. Lately I've started experimenting and diversifying, I start my day with some cocaine, adderall during the afternoon, and shoot up some heroin at night before going to a peaceful sleep. + + +I saved myself, and I'm glad I did. Cheers from a former crypto addict. +I woke up this morning and saw so many posts either indirectly asking for collusion among stock holders or telling holders that they NEED to do something. + +I’ve always gone by the rule that if someone’s telling you to do something or you must do something, it’s FUD. This seems to be the next big wave of FUD attacks. + +We’re all individual investors who should not be cooperating. This subreddit is for information and research purposes. No financial advice here! + +This is your daily reminder to be careful and not partake in illegal activity or possibly incriminating activity. +I'm a 33 male, with a NW of around $1m. I'm probably 5-12 years away from FI, depending on certain circumstances and how I define FI. + +5-12 years might not seem long in the grand scheme of things, but I'm burned out from my work and feel that it's an eternity. Sometimes when people post of their FI achievements, I'm a little discouraged that I'm not there yet (while at the same time happy for the person). + +For people who've/who've not achieved FI, how did/do you keep yourself motivated before you reached FI? + +Edit: It's not my intention to discourage people who feel they have a lesser NW than me. It's a genuine question and this is really what I'm feeling now. Virtual hug to everyone who's trying their best and working towards their dream. You guys rock! +https://www.theguardian.com/australia-news/2020/aug/15/coalitions-homebuilder-scheme-attracts-less-than-250-applicants-and-no-payments-have-been-made?CMP=Share_AndroidApp_Post_on_Reddit + +Does this mean consumers are too conservative to bite the bullet +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! + +Not looking for active vs passing MF discussion. + +Say, you have conviction and process and invest in stocks directly. Do you compare your track record to index performance e.g. investing (or redeeming) the same amount on same date across your direct equity portfolio versus some index (or index MF). + +Why or why not? + +If you do, what did you find? Did that change your decision/process? +We learn that wages are paid at the rate of marginal product of labor. However, since janitors don’t really produce anything or contribute to production for a firm, how would you even measure that or determine their wage? Would you simply need to use the market wage instead? +I'm not really sure why central banks are necessary. To me it kind of seems like a scam. They determine interest rates and the value of currency. I feel like that's a little too much power in the hands of one institution. + +Then again, I don't understand their purpose. +I heard from a socialist that wealth can't be equitably distributed across the world within capitalism and that rich countries inadvertently rely on the exploitation of poor workers in poor countries (like sweatshops). However, I think that when a country invests enough in its human capital (like education, healthcare) and infrastructure, a poor country can transition to a rich country (basically what China is doing now). I apologize if this is a loaded question. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +I had my showing day today. Lined up 6 potentials. First one qualified and paid deposit. Texted everyone "today's showing is canceled and the apartment is now unavailable, thank you" + +Got back the mother of all responses immediately. + +"Wow, okay. That's kind of bullshit! You couldn't have messaged sooner? Fuck you and your fucking over priced apartment that looked like shit when we went last weekend you dumb fuck. " + +To which I replied "good luck in your search" + +And got back "scumbag." + +Mind you the text was 5 hrs before their appointment. + +I've been doing it this way for years. People are just at the end of their rope and I got the hate for it. + +All in a day's work + +Edit: auctioning a unit is like the easiest way to train your tenant you only care about money. Properly training tenants to realize you care about the property and them makes management so much easier for the next 3+ years of their stay. That's important to me. Ymmv +Hey there everyone! Welcome back to another part of my DD series on Student Loan Asset Backed Securities. As always, I would recommend reading the previous parts before this one, which can be found here: [Part 1](https://www.reddit.com/r/Superstonk/comments/ros6ii/student_loan_asset_backed_securities_slabs_the/), [Part 2](https://www.reddit.com/r/Superstonk/comments/rp585d/the_slabs_rabbit_hole_part_2_conflicts_of/), and [Part 3](https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/), [Part 4](https://www.reddit.com/r/Superstonk/comments/rpu2eq/the_slabs_rabbit_hole_part_4_return_of_the_slab/), [Part 5](https://www.reddit.com/r/Superstonk/comments/rq6vmi/down_the_slabbit_hole_part_5_the_federal_reserve/), and [Part 6](https://www.reddit.com/r/Superstonk/comments/s2deik/down_the_slabbit_hole_part_6_maturation_dates/). I also encourage you to check out my DD series on Auto Loan Asset Backed Securities (ALABS), which I believe pose as much (if not more) risk than SLABS. Those DD's can be found here: [Part 1](https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/) and [Part 2](https://www.reddit.com/r/Superstonk/comments/rqpup4/the_big_short_again_the_auto_loan_asset_backed/). + +Quick disclaimer: I know this is not DIRECTLY related to GME, but I believe that exposing fraudulent and predatory market structure has also been a goal of this community. However, if mods would like this post elsewhere, please reach out. + +This part will focus on the recent cancellation of loans/extension of payment forgiveness, explaining what CLOs are, explaining prepayment and examining a new Navient/Nelnet scam. + +Let's start with cancellation, as this has been the biggest news story as of late. While this only affects federal loans, it does have a pretty major impact on FFELP loans (a special type of loan that were originally funded by private institutions but are backed by federal money. These CAN be packaged into SLABS). This quote from [Bloomberg](https://www.bloomberg.com/news/articles/2022-09-02/structured-weekly-student-debt-move-stirs-a-100-billion-market#xj4y7vzkg) explains further: *"But the plan is also likely to incentivize borrowers to swap older, bank-owned loans that don’t qualify for the benefits for new loans that do qualify under the Direct Loan program.* ***This would slash in half the existing Federal Family Education Loan Program (FFELP) asset-backed securities market financed by those older loans predating 2010, according to*** [***BofA Securities***](https://www.bloomberg.com/quote/BAC:US)***.****"* + +Essentially what this quote is saying is that people will restructure their FFELP loans into new federal loans that would allow for partial forgiveness, thereby decimating this FFELP asset backed security market. That's pretty huge! But what is the effect of this? + +The article continues, saying *"As a result, money managers holding FFELP ABS could get their money back earlier than expected. Around 50-60% of the $100 billion market is expected to be paid down within the next six to nine months, BofA predicts.* ***Moreover, much of that roughly $50-60 billion may be funneled into a handful of other floating-rate asset-backeds, such as collateralized loan obligations (CLOs) -- bonds backed by leveraged loans -- or single-asset, single-borrower commercial mortgage-backed securities (SASB CMBS), according to the bank...*** *Money managers may seek solace in the $1 trillion floating-rate CLO market, which repackages leveraged loans according to varying levels of risk and return before selling them to investors."* + +Ok, let's break this down. First of all, it's important to note that pre-payment is a bad thing for the ABS market. ABS markets are based on getting paid based on interest. Therefore, if loans are pre-paid, interest isn't gained and the ABS market declines. Additionally, this article states that this new injection of capital from prepayment is likely to be used in other ABS, such as CLOs, a cousin of the infamous CDOs (The Big Short). **This is why the declining SLABS market is important -- because this money has to go somewhere else, which is likely to exacerbate the Mortgage Backed Security (MBS) and Auto Loan Asset Backed Security (ALABS) bubbles.** Additionally, if these SLABS are being used as collateral in large institutions like hedge funds, losing value over pre-payment and cancellation may lead to margin calls, which effects our favorite stock. + +Another point of concern is that el presidente (his name is censored on the sub lol) has said this is the last time that payments are being frozen. This means that people will have to start paying their student loans again, which hasn't happened since the beginning of the pandemic. [This quote](https://asreport.americanbanker.com/news/federal-student-loan-debt-relief-should-bolster-ffelp-abs) explains further: *"He added that S&P's recent discussions with investors unveiled concerns about the extent to which borrowers will restart FFELP-loan payments, which the current administration paused early in the pandemic and has scheduled to resume at the start of 2023. Consumers typically first cover phone, rent, car and other essential bills, Anglim said, while student-loan payments tend to fall lower down the payment priority stack."* + +So, not only will the cancellations effect the SLABS market, but restarting loan payments may still be an issue, as it is likely that defaults and lack of payment will be extremely high upon resuming. This too will have a negative effect on the SLABS market, as the whole way that institutions make money from SLABS is repayment with interest. + +What's another effect of this cancellation? Increased pushes for refinancing. Remember, only private loans (and FFELP loans) can be used in SLABS, and only public/federal loans may be cancelled. Therefore, **it is in the best interest of companies to get as many people to switch from public loans to private, as they can package these into SLABS and ALSO in the case of FFELP loans avoid prepayment fears and cancellation fears.** In fact, a Bank of America analyst Mihir Bhatia [is quoted saying tha](https://www.barrons.com/articles/sofi-stock-upgrade-to-buy-51663167635)t "refinancing is SoFi's most profitable product". Let's look at our favorite scumbag loan issuer: Navient. Recently, it has come out that Navient is pushing HARD for refinances, even going so far as sending basically SCAM EMAILS to their borrowers about how great private loans are and why they should refinance. Here's the full text of the email: + +*"Hey \_\_\_\_\_\_\_, you’ve probably heard a lot lately about federal student loan forgiveness and the Fed raising their interest rates, but what does that mean for you and your loans? And what about refinancing¹? We want to help you understand your options so you can make the best decision for you and your finances.* + +*First, let’s talk about the differences between federal and private student loans.* + +*Federal student loans Issued directly by the federal government* + +\-*Only offer fixed interest rates that are determined by the loan option, not your credit score* + +\-O*ffer income-based repayment plans and can qualify for loan forgiveness²* + +\-*When the CARES Act ends, you’ll start accruing interest again in January 2023³* + +*Private student loans* + +\-*Offer fixed or variable interest rates determined by your credit score and other factors* + +\- *May offer lower interest rates and more flexible payment terms than federal loans* + +*Why refinance with NaviRefi⁴? We offer low interest rates, which can help you save money and pay off your loan faster You get to pick your own monthly payment amount and your loan terms. We believe in real support from real people. If you ever have questions or need help, you can reach out to our experts at..."* + +This is so clearly manipulative and misinformative. **They only included that private loans are ineligible for forgiveness in FINE PRINT at the very bottom of the email.** If this doesn't show desperation, I don't know what does. Navient was called out by Senator Elizabeth Warren and Representative Ayanna Pressley, so I will continue monitoring the situation while they wait for a response. + +One final note. I have often been asked who holds these SLABS. I'm honestly not sure, but typically it is hedge funds and banks. This quote explains further: *"Money managers and banks are major holders of FFELP ABS structures, which are backed by receivables of student loans issued under the former policy of issuing government-guaranteed student loans through private lenders under FFELP. "* + +**TLDR: The main takeaway after all of this is that the SLABS market just took a major hit. However, this will cause a new influx of money into other predatory markets such as MBS and ALABS. If institutions are using SLABS as collateral (which they likely are -- similar to how MBS are packaged into tranches and sold/bet on, they would likely do the same with student loans), they just got a whole lot worse (hello margin calls!). This will also cause a renewed effort from private lenders to coerce borrowers into refinancing.** + +That about does it for this part! Thanks again for all your continued support. Remember to check out my DDs on ALABS if you're interested in further reading about market bubbles. + +I am not a financial advisor, please do not ask me how to make money off this play. As always, I believe that GME is the best hedge against a market crash (not financial advice though). Buy, Hold, DRS, and keep sending me leads to follow! Thanks. +Started April 2020 with 20K worth of debt . + +Today I paid the last of it off! +Mega excited to go forward and out in place the lessons I have learnt over the last year and a half . + +:) +First some background - I have a Kotak Assured Income Plan. After continously paying premiums for 10 years ( total premium payment term of 15years) I realized that this money was going down the drain. I asked for the surrender amount and I was informed that I will be paid 55% of the total premium that I had paid! I asked what would be the reduced payouts if I stopped paying premium, but there was no clear response. So I decided to surrender it. + +Now while asking for a surrender. They want the original policy document. I am submitting all my KYC documents, a cancelled cheque - which is from the same bank account via which I have a NACH mandate for deducting my premiums. So just curious why do insurers still want the policy holder to keep the original document safe and submit it with application. + +I can understand this requirement a decade back. But in this digital environment, it seems like a relic from the past. I would be happy if someone from the industry can clarify, this quaint requirement. + +EDIT: + +I am also curious , why some of you had surrendered the policy. I have done some calculations (using IRR) It doesn't make sense to me. Let me know your thoughts. + +[https://docs.google.com/spreadsheets/d/1yIqG0wtE63UgxaJlKa2zgQczhaUrreApCpV35KCFPWE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1yIqG0wtE63UgxaJlKa2zgQczhaUrreApCpV35KCFPWE/edit?usp=sharing) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**Edit: For those working 40 hours or more a week to pay the bills. How do you stop yourself from feeling depressed or empty?** + +Idk if this is the right sub but I need advice. I’m really starting to feel dead inside again and I don’t know how to prevent it. All I do is clock in and clock out. My shifts are from 7pm-7:30am or 3:00pm-7:30am. I’m so tired of this same routine but I don’t want to end up homeless . + +However, working over 52 hours a week is finally starting to catch up to me, and worried about leaving a lasting mark. I want to reduce my hours but that will place more financial problems on me, + +I’m tired of putting on fake smile and pretending that I want to help every patient. I want to start actually living my fucking life not just take care of everyone else. +I've had a credit card and perpetual credit card debt ever since I was 18. I'm now 36 and with a plan of being rid of this once and for all I've been making a massive effort to clear it over the last 28 months. + +So now here I am, £14K paid off over 28 months and today is my final payment of £500. It feels fantastic to not have that weight over my shoulders and now puts me into a position where I can finally start doing something better with my money (well within reason with a 7 month old here now). + +By no means can I class myself as debt free as I still have a personal loan that I needed to take out in May to cover a new family oriented car + moving costs, but that loan is significantly less than what I've been paying out each month on the card. + +So, no real question, just thought I'd say to all those in that position, keep chipping away at it and eventually you'll be there too! +Let’s say you have $500k and you had some serious cash to spare, why wouldn't you just invest it in staking or lending your ETH? Now I don’t mean YOLOing your entire 500k but just using some of it for ETH. + +I know that there are many other alternatives, such as buying ETH, real estate, mutual funds etc. but given the overall unpredictability of world politics and high inflation, it could be one of the best ways to live off your savings. + +You could, for example, pick a few different platforms like [Rocketpool](https://rocketpool.net/), [Haru Invest](https://haruinvest.com/) (they have a promo right now at 17% APR) or [Lido](https://lido.fi/) and other platforms (maybe Kraken or StakeWise?) and put parts of your $500k (let’s say $100k for each platform) and stake or lend on each platform one just in case something happens. + +In terms of APR or APY, I know these percentages will change but it would be a great alternative if you could easily achieve 10-20%returns. It's almost as if the ancient saying "it takes money to make money". +Some people made posts about T+69 today and that it would burst the hell out of GME, but. It didnt, and it wont happen. No offense to those guys but TA is not usefull with our beloved stock. It doesnt follow specific market rules like others, and even if it would burst 20% up today... so what? Im not selling, and neither should anyone. The only thing that matters is our end goals, and TA applied to this stock wont get me to that goal. + +The only thing that applies here is to DRS and wait. Thats all you have to do. Our armchairman is doing something that we all cant comprehend, and the only thing he needs is some good old purple circles posted by us. Im done with TA dd posted trying to spread hopium. It doesn't work, and it will never reach what we're trying to get here because those shitstains at shitadel will short it anyway untill Admiral Mayo is in jail and all the hedgies fkt. + +Thank you for listening to my speech about Technical analysises. If that is a word. Ape out. +I am a beginner to investing, apologizing in advance if this question sounds too cliche. How do you find out a stock that’s available for cheap? I started to look at s&p500 stocks to see the price in last 6-12 months. But this takes lot of time to go over each stock and see the trend. Then there are so many other stocks. Is there any tip that you guys can share that can cut down the time. +I remember a while ago taking a look at Guy Spier's portfolio and finding it very interesting he owned Ferrari stock. Luxury brands are known to be well resilient to bad economic periods (and sometimes even grow) despite other companies struggling. + +I've just watched a review of a brand new V12 Ferrari and the reviewer mentioned that it was one of 500 built and they all cost 2 million pounds. That's a billion pounds in revenue with one car line. I'm not gonna act like I'm an expert in supercar margins but according to Yahoo finance they have a 20% profit margin which is roughly double what traditional car manufacturers do. + +What would you say is a fair P/E for such an established and sought after brand? I think it probably has to fall in half for me to be interested but I'd like some different opinions to help me value it. +This is more of an opinion post, but I have never realized any value from this site. Is it just me? I always get the feeling that they write articles about obscure stocks that they are likely invested in. What are some good financial sites that don’t feel like the soup of the day? +I'm looking at getting a job that probably requires this after my MBA (back into PE, current fund doesn't have these hours, only like 40-55 hrs) and I'm scared that it's going to mean basically not having a life at all. I have a gf and wouldn't want it to mess up my relationship, but also would still like to have an active social life haha. Opinions? +Hi. So im sure investors tend to not have a myopic view of economy worrying about the short term but can we discuss what happened in the last 3-4 months and what happens going forward? I mean with the market falling off the cliff and then making an impressive recovery so quickly, it seems many experts were really surprised as well. + +Now I see a couple of contrarian views developing- some argue that the worst is over as far as the economic effects of the pandemic are concerned as we are unlikely to have any more state/ nationwide lockdowns and the economy should do better. Markets have not risen as much as in US or Germany in the recovery phase so there can be a significant upside still left in sensex. + +Another view is that there is a dissociation between market and economy right now and once the real economic impact of pandemic reveals itself there might be another crash happening sooner or later. + +Your opinions, my fellow investors? +We launch in approximately 10 mins; 12PM EST! + +www.TigerDirect.com/bitcoin/ + +https://twitter.com/TigerDirect Feel free to re-tweet and spread the good word on the latest Bitcoin milestone! + +# TigerBitcoin +Edit: NAO LIVE! + +Edit #2: To our friends up north (Canada), you may use the US site and ship to Canada! Enjoy. :D + +Edit #3: We're working on a few kinks with the Canada delivery option. This is not an option. Apologies and stay tuned! We're working on TigerDirect.ca. + +Edit #4: We're now officially accepting bitcoin in CANADA! +When I was hired I was told I would have a raise at a certain time in the year. He mentioned it again a few times as a motivator I suppose. Anyways I get into the meeting and when I get a chance I ask for it. I was denied, some bullshit runaround about not enough money in the company. Although just before was bragging about this big new job and how they went way over last years sales by a huge amount. Not to mention the brand new boat he just bought. + +Then he gets all pissed and throws up this .jpeg of the bathroom at work on the projector and started pointing to the hand soap container was on the ground. So instead of picking it up after it was knocked off the sink, he stopped took a photo and got the projector ready for it. All while leaving it on the floor. And the kicker is I didn’t even use this washroom as it was in the office and I work in the shop. + +I begged my body not to do it. I clenched my first, bit my tongue... + +I started laughing. Hard. Like fuck it was bad. I might actually get fired over it. He was pissed as hell. I couldn’t stop laughing for longer then I’d like to admit, even was trying to hide the chuckles on the way out of the office. No way I’m going to be a slave to the grind for this type of people ever again after this. + +Lol good thing I’m not here for much longer. +Let's say my goal is $4,000/month in net income. If each mortgaged property is cash flowing $200/month, then I would need 20 properties to reach my goal. + +But if those homes each cash flow $1000/month after they're paid off, then wouldn't it be easier to just acquire 4 properties and then pay them off aggressively? It seems far easier to manage 4 instead of 20. Plus it's easier to get 4 mortgages than 20. + +I understand that interest rates are low and that your tenants could pay off your mortgage for you, but that takes 30 years. I'm sure I could pay off 4 little houses in the midwest faster than that. +Let's say my goal is $4,000/month in net income. If each mortgaged property is cash flowing $200/month, then I would need 20 properties to reach my goal. + +But if those homes each cash flow $1000/month after they're paid off, then wouldn't it be easier to just acquire 4 properties and then pay them off aggressively? It seems far easier to manage 4 instead of 20. Plus it's easier to get 4 mortgages than 20. + +I understand that interest rates are low and that your tenants could pay off your mortgage for you, but that takes 30 years. I'm sure I could pay off 4 little houses in the midwest faster than that. +i'm reading 'the breaking point' by james dale davidson. in one of the final chapters, he says the following (US figures): + +&#x200B; + +*" Say you made $500,000 in one year and saved $100,000. Then, a year later, you earned nothing but spent the $100,000 that you had saved. It would be misleading to say that your total income over the two years was $600,000.* + +*Equally, if you merely secured a loan for $100,000 in the second year, that would not make your income $600,000. Borrowing money and treating that as growth mistakes the nature of growth and overstates the actual vitality of the economy."* + +*" If you follow Degner’s lead and subtract the annual government deficit from GDP data, you see that much apparent growth is only the statistical trail of revenue shortfalls, borrowing, in Morgan’s terms, against the “energy economy of the future.” "* + +*"since 1980, there have been fifteen years with negative GDP growth, and the average GDP growth has been -0.3 percent. Without deficit spending, the GDP has actually been negative since the Reagan administration "* + +and + +*" The process of ricocheting between deflationary slumps in commodity prices and episodes of partial recovery in which tepid economic activity resumes, supported by unprecedented amounts of fictitious capital conjured out of thin air, will probably cycle at greater amplitude as the system evolves toward collapse. Contrary to headline economic reports, the end of economic growth is happening now. "* + +he paints a very grim picture of our future, predicting we may find ourselves in a post-apocalyptic 'mad max' type scenario sooner rather than later. + +&#x200B; + +edit: because my post received so many views (and i just got done reading the book) i'm going to post the author's summary from the final chapter: + +1. A continued plunge of Energy returned from energy invested (cost to extract fossil fuels) from one hundred to one in 1930, to thirty-seven to one in 1990, to fifteen to one in 2010, and just ten to one by 2020 implies that middle-class living standards and debt levels in advanced economies like the United States are unsustainable. +2. This suggests that collapse will prove to be a long-term process, not merely an episodic tribulation. +3. You can expect “the world of day-to-day realities and that of make-believe well-being” to increasingly part ways—to steal Mikhail Gorbachev’s characterization of the last days of the Soviet Union. Every effort will be made to infatuate you with bogus statistics supposedly indicative of robust economic growth. +4. As Kenneth Boulding suggested, an all-but-inevitable consequence of the growth stall is an increasing, relentless effort by special interests to make government an institution for redistributing income away from the weak and toward the powerful.[14](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) +5. Upward mobility will decline as government legislates greater prosperity for the powerful. Incumbent firms will tend to enjoy greater artificial economies-to-scale so over time they will tend to capture greater market share so long as they enjoy political protection from startups. +6. Continued production from legacy fields opened during periods of greater EROEI suggests a gradual falloff of hydrocarbon energy inputs. But the overlay of cyclical movements over a secular decline imply the reverse of the picture of economic growth described by Henri Pirenne. Rather than “an inclined plane,” it would resemble “a staircase”—every step of which is liable to fall abruptly rather than rise “above that which precedes it.” Recoveries from cyclical downturns will continue to disappoint expectations informed by the modern experience of rapid 3.25 percent growth in advanced economies. +7. Dimitri Orlov suggests that the timing of collapse can be estimated by determining when a significant drop in energy consumption took place. He says you can then calculate how long the “collapse clock” is yet to tick by dividing the total wealth of a country’s people by the economic shortfall of the economy. The gag will continue until the government “has managed to strip citizens completely of everything they have.”[15](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) +8. Eventually, there will be a Breaking Point, the inevitable crisis foreseen by F. A. Hayek—a collapse or “rapid decline in social-political complexity,” as described by Joseph A. Tainter. Tainter points out in *The Collapse of Complex Societies* that what “may be a catastrophe to administrators” need not be to others. People who have the opportunity or ability to produce their own food resources may avoid this catastrophe.[16](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) In 1980’s “The Role of Climate in Affecting Energy Demand/Supply,” MacKay and Allsopp point out that Europe and North America then used about 17 percent of their total energy for food production (while developing countries currently use 30 percent to 60 percent of their energy in food systems).[17](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) A collapse in net energy availability would therefore presumably be a disaster for hundreds of millions or billions of people with uncertain access to food. Institutional transformation at, or subsequent to, the Breaking Point is likely to be a tangled process, shrouded in make-believe continuity, confusion, and lies. +9. After the Breaking Point, depending on how far energy inputs fall, there could be a dramatic drop in the carrying capacity of the temperate economies. As Tim Morgan points out in *Life after Growth,* most work in today’s economy is powered by exogenous sources. Morgan writes, “Of the energy—a term coterminous with ‘work’—consumed in Western developed societies, well over 99% comes from exogenous sources, and probably less than 0.7% from human labor.” He concludes, “A sharp decline in EROEI could bomb societies back into the pre-industrial age. . . . The reality is that energy is completely central to all forms of activity, so the threat posed by a sharp decline in net energy availability extends into every aspect of the economy, and will affect supplies of food and water, access to other resources, and structures of government and law.”[18](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) +10. I would expect governments to become less democratic in form as well as substance. Remember, industrial democracy emerged after the Industrial Revolution to complement the organization of power at a large scale. As government institutions devolve, the poor, being a much larger percentage of the whole, will be reimagined with much less income redistribution. +11. State-sponsored old age pension systems are likely to collapse post–Breaking Point. +12. Fiat currencies will likely be replaced with money based on gold and/or silver, perhaps in competition or in conjunction with some crypto-currencies like Bitcoin. +13. The heavily regulated corporatist economy is likely to give way to a more free entrepreneurial economy, post–Breaking Point, as governments will lack the resources to bribe electorates and reward crony capitalists. +14. I expect a proliferation of sovereignties with governments organized on a smaller scale. This will permit a more entrepreneurial stance by the leaders of city-states and microsovereignties, much as the late Lee Kwan Yew devised new options in governance that made Singapore one of the richer jurisdictions in the world, without becoming what Jane Jacobs construed as a “monstrous hybrid.” +15. As net energy availability from hydrocarbons declines, the importance of solar energy conversion, by plant photosynthesis and direct radiation, will grow. Under those conditions, one would expect higher living standards in upland regions of the tropics where the impact of the climate requires less energy-intensive remediation. According to MacKay and Allsopp, more than one-third of all energy consumed in industrialized North America and about one-half of the energy consumed in Europe is used to heat homes and commercial buildings in winter and, to a lesser extent, cool them in the summer.[19](https://www.reddit.com/r/CanadianInvestor/comments/sxghxh/are_we_living_through_a_slow_economic_collapse/) +16. An interesting question is how enormous amounts of computing power now available will shape the evolution of the stationary, declining state in the future. With luck, perhaps it can help expand the percentage of the population who can live well to as much as a talented tenth. + +&#x200B; + +&#x200B; +I'm setting aside 30 min each day to further my knowledge of real estate investing and I'd like to put together a list of sources to visit (websites, blogs, YouTube channels, etc.). What are some sources you would put on that list - reliable sources of helpful info? My focus is buy-and-hold SFR and multifamily, also private money lending. Thanks +Thesis: Blackrock and the FED worked together to save each other, and used Tax Payer money to create the biggest market bubble ever... + +The research kept bringing me back to Blackrock. It's something thats hard to explain but it just kept bringing me here. I want to show you... How Blackrock and the FED worked together, to create the biggest market bubble ever... + +Lets take a look at Blackrock... + +[BLK 3 year chart... ](https://preview.redd.it/jgpw4luj3pt81.png?width=1508&format=png&auto=webp&s=c1a858795ed2e872c922208b72e10879abafb0ea) + +Blackrock Crashed in the Covid Crash like everything else... We saw Black rock trade from around $566 down to $329. So during thie Covid Crash, BLK lost about 28%.... and it bottomed out on what day? + +Zoom in on the crash.... + +[You can see the Bottom was 3\/23 at $329.21 a share.](https://preview.redd.it/p42reyzn4pt81.png?width=1504&format=png&auto=webp&s=01fbbb7e244da04ec29e3179300ee6c5c71375a7) + +So during this time... the markets were losing money... and the FED came in with heavy stimulus to support them... + +**The New York Times publishes this on June 24th... about 3 months after the Blackrock bottom.** + +[https:\/\/www.nytimes.com\/2021\/06\/24\/business\/economy\/fed-blackrock-pandemic-crisis.html ](https://preview.redd.it/buemddc36pt81.png?width=666&format=png&auto=webp&s=2354cbf1befdb82f582fc4fbccc6400c5fe0c668) + +[Is The FED U.S Officials?](https://preview.redd.it/51bespdb6pt81.png?width=585&format=png&auto=webp&s=4da926042fe7a6c4bd96abaf233c5c9653c20c98) + +First of all... If this goes on to talk about the FED - i'm going to ask again... Is the FED really a U.S official? + +https://preview.redd.it/u7spooip6pt81.png?width=618&format=png&auto=webp&s=b33fe7832fca0af69c381870e6b4a7ed81fe56a6 + +They open by reminding us that J Pow and Mnuchin "Saved" the markets... And... During the Crash, when everything was crashing... JPOW and Mnuchin met with a Wall Street Executive whose firm stood to benefit financially from the rescue??? + +[Its really clear here that FINK and the FED worked together to come up with the Covid Financial Response. ](https://preview.redd.it/rcjma6077pt81.png?width=642&format=png&auto=webp&s=12952a9d030d14d5d9726a3fbbfa293ab48420f2) + +[The FED's unveiling on Monday March 23rd... ](https://preview.redd.it/sl0rif2t7pt81.png?width=636&format=png&auto=webp&s=3a1b82ad2a9717337abe575de5b04ff8b98550b9) + +And if you scroll up... you remember that Blackrock's bottom was on March 23rd... Whats also interesting is after speaking to Blackrock... they come up with the first ever program to buy corporate bonds \*cant make this shit up... It says the bonds were becoming nearly impossible to sell... and since then, they still are... The FED and Blackrock, are still supporting this business, along with others. + +Today... According to Blackrock... "Bond ETF's" are the fastest growing part of the bond market. + +[https:\/\/www.blackrock.com\/us\/financial-professionals\/products\/bond-etfs](https://preview.redd.it/nb8o9a7j8pt81.png?width=1134&format=png&auto=webp&s=5f0f922d58fd11ab7788a8c9b99f95e2e34466cf) + +And since they went in to Business with the FED... things really took off for Blackrock. + +During the Covid era... Blackrock stock trippled... + +[They traded from $324 - $973 During the Covid Recession...](https://preview.redd.it/sv4y8em19pt81.png?width=1498&format=png&auto=webp&s=678bb2eb5287f673e1782c34bfc82f20fd4b79bc) + +It doesn't make any sense to me? + +[FUD me harder NY Times... ](https://preview.redd.it/ib0kst3f9pt81.png?width=653&format=png&auto=webp&s=3b77aa2b9e0014b0a13f4f3bbc202f225d2c619b) + +[Its the same picture meme here - Blackrock and the FED...](https://preview.redd.it/r0689ivp9pt81.png?width=646&format=png&auto=webp&s=3d9c876c7cb83c64cd6f4dff35802118ca3af92b) + +[Again - It was all Blackrock and the FED ](https://preview.redd.it/dun94ri2apt81.png?width=674&format=png&auto=webp&s=9e87db526554525f16875b0c7a43189b7dd2661f) + +And this NY Times piece dropped after the fact... After everything was already done... + +[So Blackrock is getting bigger than ever and bribing, I mean, Lobbying more than ever...](https://preview.redd.it/zdawbm7dapt81.png?width=655&format=png&auto=webp&s=a4ba7576a71826fba78af87c29add98d86317afd) + +So the FED and Blackrock started buying LQD that morning... on March 23rd. LQD is "Liquid" the ISHARES investment grade Corporate Bond Index. + +[LQD 3 Year Chart](https://preview.redd.it/069j6df1bpt81.png?width=1509&format=png&auto=webp&s=2028225f2467e1193c0f98f39490a53fb27e7dd9) + +One thing to note here, is how much its fallen this year. LQD or U.S investment grade bonds are down + +[LQD is down almost 12&#37; YTD](https://preview.redd.it/3l4286z9bpt81.png?width=1045&format=png&auto=webp&s=64b227d66f0f39e20145cd92cbb0c4a5eaafab75) + +&#x200B; + +[\\"AGZ\\" is Agencies, also owned by FED... look at that chart.....](https://preview.redd.it/lsquf3udrpt81.png?width=1506&format=png&auto=webp&s=215cc5f671e9a9cef34da4b43299689eca67278b) + +But the FED spent Trillions on Assets, that Blackrock got paid a fee on. + +**The FED pumped trillions in to Blackrock products, which earned Blackrock billions in fees, with money meant for stimulus. Over this time... Blackrock went nuts and used this "Fee" money to buy more assets. Now the U.S is $30 trillion in debt and these markets are about to collapse.** + +As soon as the FED stops pumping - Blackrock is coming down with them. The bonds, in the Corporate Space, Treasuries and Agencies is the biggest market bubble ever. And its already started to unravel. + +&#x200B; + +[TLT 5 Year Chart](https://preview.redd.it/plkfxau8cpt81.png?width=1481&format=png&auto=webp&s=fa88b41321713ba9f484b2575cdc6d2c2535a785) + +And if you extend it out.... + +&#x200B; + +[I see treasuries trading down.... And the 30 year possibly cellar boxing itself...](https://preview.redd.it/xi1h7kqrcpt81.png?width=1204&format=png&auto=webp&s=924f0402935d46b5dfe296037ce240361a01beda) + +If we look at Blackrock stock itself which is down 25% in the past 6 months, I think the music has stopped, and Blackrock is naked as anyone. + +[Its always \\"Worlds biggest Asset Manager\\" AND \\"$10 Trillion\\".](https://preview.redd.it/5qzfowd6dpt81.png?width=764&format=png&auto=webp&s=08622074872611971d5b8c4abb84b9ad0d51c7eb) + +How much of the $10 Trillion is FED money? Thats my next question - + +**The FED and Blackrock have no clothes. These bonds are coming due and someone is going to have to pay.** + +&#x200B; + +Speculation note: they lent all their GME to APES via SHF - APES have Blackrock's GME and they cant deliver on it to their clients. Once GME moons and clients want to liquidate those Blackrock ETF's and Mutual Funds = thats when Blackrock will be squeezed - + +TLT AGZ SPY LQD - All of the charts are starting to look the same - The FED really has been pumping up the whole market - but they call it liquidity.... + +The only Difference between Madoff is, Madoff actually used real money in his scam.... Madoff was authentic. + +Blackrock has endowments, pensions, dc plans, corporate plans - Blackrock did benefit from stimulus money tho... + +[https:\/\/www.pionline.com\/money-management\/blackrock-surging-toward-10-trillion-assets](https://preview.redd.it/a7xvo4dcjqt81.png?width=1260&format=png&auto=webp&s=7feed7c1c8851e0a0b15ed05b3d7fb94373a4b44) + +&#x200B; +i started investing a year back and most of the stock i bought simply because i thought they were big companies and safe to invest, but i always wondered how to do a analysis of the stock using the tools freely available. + +i recently downloaded the tickertape but i not sure where and what to look other than obvious thing they highlight. +Expect to start seeing FUD that accepts the MOASS is happening but that uses a double bluff to limit your expectations. + +“Don’t fall for 10k, 100k is the floor”...erm lol no, the floor hasn’t been 100k since February 1st 😂 + +Get tf outta here + + + + +Edit: starting to get heavily downvoted this one 🧐 wonder who might want to suppress a post like this... + +Edit2: just woke up to some lovely awards, thanks guys 💥🚀 see you all on the moon 💪🏽 +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. +[Listen to the episode](https://youtu.be/q9O8Tk-hDl4) + +Demetri Kofinas speaks with investor Mike Green. Mike Green most recently served as the discretionary portfolio manager for Thiel Macro, LLC, an investment firm that manages the personal capital of Peter Thiel. He's been a student of markets, and market structure in particular, for nearly 30 years. His research into and analysis of the shift from actively managed portfolios and investment funds to systematic passive investment strategies has been presented to the Federal Reserve, the BIS, the IMF and numerous other industry groups and associations. His intention has been to alert regulators to the clear and present danger that he feels these strategies pose to the stability and viability of global capital markets. +Node-TS, AWS serverless configuration, React & Firestore for my db (for now). + +My reasons for Typescript + React is based upon familiarity and the lean mindset of getting to market. + +AWS serverless as it’s cheap/free and a lot of fun for me to architect out. I’ve roughed in my infrastructure, which looks like: + +Semi-automated infrastructure: + +AWS Event -> Lambda (pull list of stocks tracked) -> SQS them individually (~1,600 tickers tracked atm) -> lambda (iexcloud api to get latest, query db for x amount of past data, calculate + map for charting + save the latest, &, finally, if signal -> SNS (text or email) + +I’m considering more modularity in the second to last step. I do have in mind a fully automated variant, but I’m not there yet. + +I hope my nerding out is fine. All of this is a a lot of fun to think & read about! +I’m coming here in brutal honesty towards myself with shame and embarrassment towards myself. I’m 24, I have 2 beautiful kids and I work currently as a furniture removalist. I have huge ambition, I’ve always wanted a job in sales and to have a job where I’m not limited to a certain pay an hour, and more so a job I can work extremely hard and build customer relationships and to just have the hard work I put in pay off. + +Now here’s where I need advice. I’ve stupidly (and I can not stress that enough) spent the past years of my life getting into debt. I currently owe friends a lot of money (which I have amazing friends and there is nothing more I want to do then to pay them back to show my appreciation) whom I still talk to and are still great friends, I have debts from loans I’ve got (only small) that I’ve never paid back, I’ve gotten a laptop that again I never paid back the company and a phone bill which yet again I never paid back. + +I absolutely hate myself for this. I never knew how important things such as a credit rating were when I did all these things. And there’s nothing more I want in this world to get a pay check (which is only small as I find it hard to get much work where I am now) and the pay check basically be mine except for bill. I’m forever paying people back and just stuck in a rut. + +I know all this is my fault and I very well know how stupid I’ve been but I’m not in denial. I’m ready to change and fix my life. + +My question is, someone in my position I know it’s a very long shot, but is there any sort of loan I can go for so I could be paying back one provider rather then having to have so many at once. Because I feel I’m failing as a father and my children are my world am I’m going to do whatever I can do to get on top. + +I’ve even stood on the side of the road with a sign looking for work which is how I obtained my current job. + +I’m sorry this post is so long, and I’m sorry if it’s not necessarily the right post for this sub. But I read this a lot and so many of you people are inspirations to me and I just don’t have family I can go to for advice like this. Again, I know this is embarrassing on my behalf and I’m prepared to get roasted. + +Any help would be appreciated. Thankyou + +Edit: This morning I’ve booked into tafe to do a real estate course, I have a financial counseling session booked and am heading out to hand out resumes now. + +just wanted to say Thankyou so bloody much to each and everyone that has given me advice every single comment here means the world to me. + +I just wanted to add that I always talk and communicate with my friends and they’re great about it and they know I’ll get them back I’d never lose my friends we are all so close and it’s great. It’s more so just a respect thing by me wanting to get them and people have said on here good ways to approach! And as for my kids I never let money affect them because money doesn’t buy happiness ! But my love for them does and we are always doing fun activities and what not. ! Thank you guys +This just came across my social media feed. Up to a year in a Maldives resort for $30K. No idea what their internet speeds are like, but it's an interesting option. + +https://www.dailymail.co.uk/travel/travel_news/article-8946113/Anantara-Veli-Maldives-Resort-launches-stay-package.html +[https://www.cnbc.com/2018/08/01/amazon-plans-to-move-off-oracle-software-by-early-2020.html](https://www.cnbc.com/2018/08/01/amazon-plans-to-move-off-oracle-software-by-early-2020.html) + +Considering that Oracle database is extremely pricey and priced per CPU core, I think Amazon could make a substantial savings here. + +Edit: I am having too much fun here. Note that I'm pretty sure Amazon gets a steep discount so there's no way they are paying the following amount. + +This is Oracle multi core pricing: [http://www.oracle.com/us/corporate/press/017192\_EN](http://www.oracle.com/us/corporate/press/017192_EN). And oh, they charged by the soft core (CPU thread), not full physical core. + +From the example: 0.75 \* 8 \[cores\] \*$40,000 = $240,000. + +Now, let's play with the number. It's very believable for [amazon.com](https://amazon.com) database to be running on > 10,000 bare metal servers. Let's pretend that each server runs 30 cores. That makes the math: 0.75 \* 30 \* 10,000 \*$40,000 = $9,000,000,000. +Update: engaged, combined NW $260k, her income is $60k. Currently spend $4k per month between us. + +Update #2: worth mentioning my parents are worth 5-10M, but they are (thankfully) in great health and I expect they have 20-30 years left at least. + +I'm 26 and just accepted a job offer for $400k total comp in tech (Bay Area.) I feel proud of my career trajectory, but I recognize I was in the right place at the right time - being a competent cloud engineer in this market paved the way for me, but I'm just an ordinary dude. + +Now, I'm beginning to understand that I'm staring down the first recession (or worse) of my adult life. I don't have a clue what to expect. Here are some questions on my mind: + +I'd like to buy a home in 12-18 months based on the idea that housing will get cheaper. Is that realistic? What are reasonable expectations here re: ROI? + +Should I expect to make slower progress on my career ambitions till the market improves? I've roughly doubled my TC every 2 years since starting to work in 2014, and I don't know if this will remain viable, even in tech. + +For those further along on a similar path to mine, what do you wish you'd known at my age? + **Question:** I have $200k left on my mortgage with 13 years remaining at 2.38%. I have cash to pay off said mortgage after unloading a rental property. Although, I would love to invest and have the investment pay the majority of the monthly mortgage payment of $1500 (after subtracting taxes and insurance) or close to it. \~10% on annual ROI. Pay off or invest? + +**Supporting info:** + +* How old are you? What country do you live in? **55 USA targeting 57 for semi retirement.** +* Are you employed/making income? How much? **Yes $140K** +* What are your objectives with this money? **Use my rental equity to make home mortgage payments. Play on interest rates?.** +* What is your risk tolerance? **Really can't risk the $200K cash much.** +* What are your current holdings? **401K, IRA, Roth, personal accounts. total $700K** +* Any big debts (include interest rate) or expenses? **2 cars 2% interest with a total $75K** +We have 4 teenagers (2 sets of twins). One is getting his license in a few weeks and with after school sports and his job, we’ll need another car. My husband pays all household bills, I pay for whatever I need and all things kid related. My car loan has been paid off for some time now, but it’s not time for me to get a new car because I still need a 7 seater. But now I’m thinking, if I give him the 2010 minivan and lease myself a smaller SUV, does that make the most financial sense? Normally I work 2 jobs but this year I’m working only 1 and making only $2k a month. I just don’t know what to do +I had a Citi DoubleCash card with an $11,000 balance at 22.99% interest. My monthly payment was sitting at roughly $300 and for the first time since I’ve had the card, I was unable to make the minimum payment. + +I contacted Citi over the phone and explained my situation. I didn’t have the funds to pay the minimum, and probably wouldn’t have the funds for at least another two weeks. + +Honestly, I was expecting them to tell me there was nothing they could do, and I’d be stuck with the penalty APR and late fees. However, to my surprise, they offered to lower the interest rate to 0% and drop my monthly payment to $190 which I would pay monthly over the course of five years until my balance is paid off. They also canceled my card, which I guess is a downside, but I had no business charging the card any further anyways, so I gladly accepted their offer. I asked them about any negative reporting to the credit bureaus, and they stated that as long as I paid every month, nothing negative would be reported. + +Can’t even begin to explain how happy I am. For the longest time I saw no way out of this hole. Finally though there is some light at the end of the tunnel. If anyone is struggling with credit card debt, I’d suggest you just give your lender a call and let them know what’s going on. You might be surprised with what gets offered to you. + +Edit: I’d also like to say that if you do decide to try down this avenue, definitely consider rejecting their first offer. The first offer they gave me was 5%/$250 month/5 years. I immediately rejected that and they came back with 0%. + +Edit #2: Did not expect this post to blow up like this. Thanks to everyone who offered the kind words, and for those who commented specific questions, I’ll do my best to answer them all throughout the day! + +Edit #3: Thanks for the awards too. :’) +Today is pure optimism and the reaction to good news (or what looks like good news). Fiscal stimulus is anything but certain by tomorrow, FED is doing unlimited QE, and Trump thinks the US can open up by Easter. + +Fiscal stimulus takes time to kick in and for many people and businesses comes a week too late. It helps putting money in the pockets but doesn't suddenly restart the economic apparatus -only consumer and investment confidence do that. + +Unlimited QE is like fishing with dynamite: quick results but a lot of underlying damage. lts worth noting that this is not a financial crisis but a public health crisis with financial implications. The FED can at best alleviate some symptoms but that's it. + +The US is not testing nearly as fast as Korea (17 times less tests per capita when I checked this weekend), nor is it taking the lockdown serious. Unless a million tests appear by this weekend so the virus can be traced and narrowed down, Trump has to face the reality that he either locks down fully now or blows this crisis out of imaginable proportions in less than a month by opening. + +So in my opinion, how does a bottom look like? 20-30% drop from the current level, with decreasing volatility starting in one or two weeks when the spread of the virus becomes more clear and the economic data hits us hard. Shy but ever more common gains and then more big rallies than drops (but not 10% if that's what you want). + +We've only had one VIX spike, in 2008 there were 3. Also plenty of examples of fake rallies like today's and the first Friday of the month. The sp500 was grossly overpriced in February, so whatever it fell until the first days of March was barely an overdue correction. Now you have to input recession to get the true dimension of the collapse. + +Disclaimer: this is just my opinion and I'm not offering investment advice + +Edit: just to clarify I don't expect vix under 20 this year. When I say low I mean 30s perhaps 40s. I also know markets recover before clear good news begin. When I say let the economic data hit us I'm talking of at least having an actual dimension of the problem, so March and April readings. +Hello, + +My wife and I have $200k saved up for downpayment for a house, hoping to buy sometime 2022. The money is currently sitting in my chequing account. + +What's the best place to park this money until we need to take it out for downpayment for a house? Time frame is likely around 6 - 12 months. + +High interest savings account, GIC, Bonds or bond ETFs, Others + +Thanks everyone. + + +Edit: THANK YOU ALL. I will put my money in HISA based on promo and use EQ bank as my default option. +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! +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! +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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Seems like there’s a huge “only institutional investors know what they’re doing” mentality—from institutional investors. Any credence to that? Or is it just sour grapes? +Early 30s - Current VP at a FAANG-like firm, comp is probably around 300-320k not including RSUs. My wife contributes another 250k to the household. + +Context: I've been at the company for about a decade, moved up pretty aggressively but it seems like now I'm just going to be stuck at VP. Not too worried about it, comfortable job, good lifestyle, excellent work environment. This particular company acknowledges they "underpay" people but they make it up in lifestyle and prestige or so to speak. It is not unusual to see folks celebrate 20-25 year anniversaries here. + +I continue to be "enticed" by offers from other FAANG-like firms or late stage unicorns that end up being about a 50% raise. I have an offer right now to be a C-level at a late stage unicorn for about 300k base + bonus/equity, the whole works... + +Anyone else ever get too comfortable? I'm afraid to make a move in this economic environment, but more importantly, I'm afraid that I'd be going into an unknown for essentially a $80-100k raise on base salary with a lotto ticket on equity. On the other hand, I'm worried that as someone in their early 30's... I'd basically be conceding career growth to lifestyle... and end up staying at my current position for decades. + +&#x200B; + +EDIT: I'm not at a FAANG.. I work at a company that similarly sized/similar sector. I also work in Marketing, not product or engineering. Either way, I'm not here to argue comp or titles. I'm here to ask about experiences when you get too comfortable at a job versus going out for more pay and unknown environments. +https://preview.redd.it/w7bhw613xxn61.jpg?width=717&format=pjpg&auto=webp&s=175f57f578c7d21064bf46f2797cdbc4b23a2467 + +Hello ASX and welcome to my TendieTalk from ZA, + +&#x200B; + +I thought I'd make my first post about a company that has been around for some time to get your thoughts and input? + +**Initial thought:** + +Have you ever heard of the "Lindy Effect"? No? Well... (From Wikipedia) " The **Lindy effect** is a theorized phenomenon by which the future life expectancy of some non-perishable things like a technology or an idea is proportional to their current age, so that every additional period of survival implies a longer remaining life expectancy" + +&#x200B; + +**Now let's have a look at the business...** + +This business has been around since 1880... It has survived the best and the worst of times including 2 pandemics if you count this one. + +This is a construction mining company that owns much of its value chain across most of South Africa, Africa, South East Asia, Australia and New Zealand. Yep - they even hang around your back yard. + +&#x200B; + +They have more than 100 entities under their subsidiary list They surged in the 2010s and burned out when the SA construction business died and dragged them and their competitors down with them with debt. + +Unlike their competitors, they survived. They put into action a turnaround strategy to offload non-core assets and entities and they have survived a valley of death that began in 2017. They've turned a profit for the first time in \~7 years. Their NAV is 10c (\~1 Australian cent), but it is likely their NAV is higher since they've raised funds through a rights offer that has been aggressively taken up - The rights offer in now concluded with it having been taken up almost immediately by the shareholders from big corporates to the little guy like me. + +JP Morgan and its subsidiary just moved in and bought a \~25%+ stake in the company and a few other hedge funds have hopped in. They only have a 25% exposure to South Africa, the rest of the exposure is in SE Asia and Australia, and they are primed to benefit from government capital injections stimulus post Covid-19 recovery. They have an order book amounting to R27.7-billion which is \~2.3 billion Australian dollars, with \~52% of that book in Australia (Can you tell we like you guys?). This share has the potential to be a 20x bagger... It is basically an IPO at this stage but with 141 year history. Their debt is beginning to be sustainable and they have no where to go but up - I'd add the rockets in here... but I mean... Hakuna ma-tendies. + +&#x200B; + +Anyway - Thank you for reading my post. From the boys and girls of r/JSE_Bets and our Discord Server - to you, Our friends. + +&#x200B; + +**Edit:** + +Share code: JSE:AEG + +You can trade it on [IG.com](https://IG.com) +I have also emailed EasyEquities to find out if you can purchase ZA shares via their Australian partners (My apologies - I did not thing about this (that you would want to buy) when I first posted this). + +**Edit:** +Please let me clarify. The purpose of this post is not to pump this share - not at all - else I wouldn't have needed the above edit. + +It is to get inputs and thoughts from a bigger group of people (JSE\_Bets has a small member count of only 2.2k members) Their inputs are greatly valued and affect much of the stocks I now buy. + +I wanted to get input from ASX on this business because they have ties in Australia. I'm a newbie to stocks trading - I only started a few weeks back and I find it valuable to get the inputs of people from all places now when buying stock - I thought it would be silly of me not to ask inputs from this community on this business. + +Curious about everyones thoughts specific to the Phoenix market. I really can't see it going up my much higher. Would it make more sense to wait a few months? +Not whining, just an honest question since I live in a country with no Crypto taxes. Considering what the Politicians, the SEC and the bankers say about Cryptocurrencies, it should be pretty clear that Cryptocurrencies hold NO value whatsoever. They consider it to be a worthless and useless asset. + +If that's true, then why do people have to pay taxes on Crypto? People should not be paying any taxes for holding a useless asset. The same politicians and government bankers who call Crypto worthless receive a part of their paycheck from taxes collected from Crypto. It is clearly hypocritical to tax Cryptocurrencies and profit from it while calling it worthless at the same time. +I sometimes think about all of the funds I could have saved by splitting rent, utilities, was less wasteful with food... 😞 Just reflecting. + +I’m hoping to buy an apartment soon so I can at least put rental income towards the mortgage/build equity. But still, it’s a ton of money when you think about it and calculate it, which I do from time to time :/ + +EDIT: in response to a couple of great thoughts below, I expect that me and my future spouse split all expenses 50/50 (I’m a woman in case that matters) and I expect to work until retirement. So I think it’s reasonable my individual expenses will decrease, plus tax advantages of being married (if I’m not mistaken). + +Also, I agree kids will be an additional by far nontrivial expense but that is a separate question from expenses I’m incurring now (at least there’s the additional benefit of having a family). + +I don’t have an option of living with parents and roommates yes - definitely a great pout. It after multiple less than optimal experiences, coupled with the fear of living with strangers (founded or unfounded) and it’s a choice that I’m making. But I would love to have a roommate that I’m actually married to. +I need about $15K on top of the student loans I will be borrowing to get through the two year anesthesia master's program I will be attending soon. I have $32K in my 401K and I was considering just cashing it out. I know it is a big No No to do so but I will be making close to $150-200K after I graduate with a 100% pass rate and 95% job landing for new graduates. I know I will take a huge hit on penalties and taxes but the money would really help me get by to be used for living expenses and bills. Is this a bad idea, or is it worth it, since I will have a large income in my future that can easily rebuild my 401k? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Ryan Cohen built Chewy into a 40 Billion Dollar E-commerce business from Zero and he will do the same with GameStop... but this time it will be easier. Why? Because... + +1. GameStop is not at Zero, GameStop is already established. +2. GameStop is already producing more top line revenue than Chewy. +3. GameStop has an existing customer base of millions today. +4. GameStop has an army of loyal retail investors. +5. GameStop has the national spotlight and has a STRONG existing Brand. +6. GameStop is targeting a much larger Gaming and Technology Total Addressable Market. +7. GameStop has more established and proven talent now than Chewy had. Ryan Cohen and others are stronger and more knowledgeable today than they were at the start with Chewy. +8. GameStop now with Ryan Cohen's team has an existing e-commerce business playbook that they know works. +9. Way less debt than Chewy, ZERO DEBT. And the ability to raise money easily. +10. Perfectly timed moment to perform a turnaround with the new console cycle. + +Pepper in a new CEO, NFTs and Crypto... I don't understand how this isn't getting to the market cap of Chewy, at a minimum? + +The only part of the Bear Thesis that made any sense was that GameStop wouldn't make it through the pandemic and would go Bankrupt because of their debt. Well that Thesis is obviously completely false now that the pandemic is coming to an end and GameStop paid off their long term debts completely. + +I'm writing this as a reminder because Bears keep saying GameStop cannot be turned around. It can and it will. And it will be "easy" because of the reasons listed above. + +The short Squeeze is important, don't get me wrong. The squeeze will happen as the Market Cap continues its march to 40 Billion and beyond. But isn't that just icing on the cake at this price?! This stock should be $600+ a share if this was valued properly at $40 Billion Market Cap based on expected future earnings and past performance by this team, imo. + +I don't think it's unfair to compare Chewy to GameStop for valuation. If you do this comparison then GameStop appears very underpriced. GameStop should probably be valued at more than 40 Billion and worth more than Chewy for the above listed reasons. Ryan and team will tighten the existing operations, revenues will increase and profits will flow to the bottom line pushing earnings above Chewy Levels, in my opinion. + +Also, I believe this is what u/deepfuckingvalue saw too but very early on because he is a badass. This is why I would bet he sees opportunity at anything under $600 a share, without the squeeze and would continue to tell congress he would buy. If you watch his videos it was not focused on the Short Squeeze. It was focused on GameStops SURVIVAL and TURNAROUND story. + +The squeeze is real, don't call this piece FUD please because it's not and that's not the intention. I think the stock price is going well beyond $600 with the squeeze. But if we take the squeeze away for a moment and take a step back, anything under $600 is a deal and a no brainer buy in my opinion. Add the short squeeze and.... 🚀🚀🚀🚀🚀 + +I am Buying confidently at this price and I bet DFV would be too! 📈🚀 + +Hope this serves as a reminder to where GME is and to keep those 💎👐s strong. +I have never seen a family like this one. Apes from all other the world, apes from all ages believing in a common cause. + +2008 crisis was very difficult, people lost their jobs, their homes, their savings, their retirements, lots of people lost everything… And here we are 2021, as if nothing happened, nothing changed the system and is as corrupted as before. + +I'm holdling until the end and only sell on the way down. + +I hodl for our parents who helped us be what we are. + +I hodl for our children, to leave a better world. + +I hodl because I know I’m not alone. + +I hodl because you give me the strength to hold. + +I hodl because I know it’s the right thing to do. + +I hodl because you opened my eyes. + +I hodl because I’m tired of so many unfair things. + +I hodl because I read so many touching stories in these subs. + +Every single ape counts, every single share counts. + +No ape will be left behind, all apes will have enough tendies to change his life and the lifes of his beloved ones. + +Thank you apes and apesses, you were able to make me feel once again in my 20’s and this has no price!!! + +Apes together strong!!!! + +&#x200B; + +EDIT: We just came back and I found all these comments !!! Guys it's very touching, it was not my intention !!! All this is price less. I just want to thank every single ape and apesess in here, this is an example on how we are all connected and need each other to survive. Congratulation to all mothers!!!, today or next week!!! We only leave once so take care of yourselves. Let's see what tomorrow monday bring's to us!!! + +&#x200B; + +Second Edit: Thanks to everybody, you all make my weekend!!!. Thanks for all these awards, there was no need. Tomorrow is monday!!!! let's go for it!!!! +Last Thursday Suncor doubled its dividend and is boosting share buybacks - pretty exciting stuff! Canadian banks have been held back on dividend increases and share buybacks since March 2020 by OFSI. As a dividend investor closer to retirement I thought I'd throw it out to get a consensus of when other investors think these restrictions will be lifted and what percentage increase could we expect? Interest rates are expected to increase and banks should well capitalized. + +Here's my analysis based on 3 quarters of reporting and adding EPS from the lowest quarter to give a full FY EPS forecast. + +Dividend increase target date: March 2022 + +BMO - est EPS $12.69 Target $6.34 div at 50% payout ratio. Current div $4.24 = potential 49.6% increase + +BNS - est EPS $7.67 Target $3.83 div at 50% payout ratio. Current div $3.60 = potential 6% increase + +CM - est EPS $14.69 Target $7.34 at 50% payout ratio. Current div $5.84 = potential 25% increase + +RY - est EPS $11.17 Target $5.58 at 50% payout ratio. Current div $4.32 = potential $29% increase + +TD - est EPS $7.66 Target $3.83 at 50% payout ratio. Current div $3.16 = potential 21% increase + +NA - est EPS $8.91 Target $4.45 at 50% payout ratio. Current div $2.84 = potential 56.5% increase + +LB - est EPS $4.54 Target $2.27 at 50% payout ratio. Current div $1.60 = potential 41% increase + +I have no idea regarding share buybacks but based on my analysis it looks like BMO (my largest holding) and RY have the most potential for dividend growth. +Almost all of the top 100 cryptos are down today. This is an overall correction and nothing to be worried about. This kind of stuff happens in crypto, and this is when you should be buying. As Warren Buffet says: “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” +# APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +\------------------------------------------------------------------------------------------------------------------------------------- + +https://preview.redd.it/lddeyl2nw8b81.png?width=1024&format=png&auto=webp&s=f499a018af328df566076766779f2370ed6ece22 + +# Cellar Boxing!! + +If you haven't read u/thabat 's DD on Cellar Boxing, I'd recommend doing so. It's worth it to get some background on this.[ LINK TO DD.](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +But the Smooth-Brain TLDR, is that this was the Naked Shorting Gameplan, but referred to as Cellar Boxing which was found in a forum back in 2004. + +And remember the Whole **ZOMBIE STOCKS** thing ya? + +Well maybe we have been missing the bigger picture here... + +The theory was that Zombie Stocks were stocks that had been Naked Shorted / Cellar Boxed to death by Market Makers so that they could win the bankruptcy jackpot and never have to pay back the mass of shorts they had against the stocks... + +But what if there is more to the story... + +**WHAT IF... NAKED SHORTING / CELLAR BOXING WAS JUST A NEW MORE ADVANCED WAY TO CREATE DISTRESSED COMPANIES THAT PRIVATE EQUITY FIRMS COULD THEN TAKE OVER FOR $0.10 ON THE DOLLAR AND DRIVE THEM INTO THE GROUND???** + +&#x200B; + +**Zombie Stock #1 - Toys'R'Us** + +Toys 'R' Us goes Private - Bought out by 2 of the biggest Private Equity Firms Kravis Roberts & Co and Bain Capital in **2005** + +Source:[ NBC NEWS](https://www.nbcnews.com/id/wbna8658948#.WqvTiJch3IU) + +After Bain Capital and KKR took over.... the Profit First strategies kicked in and Toys R Us began its decline. + +(Apologies about quality, old article) + +As per this Nasdaq article, they state that: + +However, there is little doubt that Toys "R" Us' management is trying to adapt its business model to accommodate pressure from the company's owners for greater profitability. \] + +It is also understandable that the owners - Bain, KKR ( KKR ) and Vornado ( VNO ) - are pressuring management to cut costs and to boost profits, regardless of long-term consequences. + +So Basically... the Private Equity guys bought in... and began quickly trying to pull as much profit from the company as possible, before driving it completely into the ground and filing for Bankruptcy. + +Source[ NASDAQ](https://www.nasdaq.com/articles/toys-r-us-has-major-problems-2014-04-30) + +**SO DID IT FOLLOW THE SAME FORMULA???** + +In this Article on CNN, they discuss the fact that the common misconception that AMAZON killed Toys'R'Us is WRONG... + +That the problems started much earlier than Amazon coming on the scene. They claim that the company was taking on MASSIVE amounts of debt that it simply could not get out from under. + +And in Fact... they go so far to say + +Its debt was downgraded to **junk bond status** in January of **2005**, at a time when Amazon's sales were just 4% of their current level. + +Source:[ CNN Business](https://money.cnn.com/2018/03/15/news/companies/toys-r-us-closing-blame/index.html) + +HMMmmmmm.... + +Junk Bond Status... right before a Private Equity Takeover??? + +No WAY... **Milken was involved, was he**? + +Yes... Yes, he was... + +In his self-Promotion website, Milken describes his "Legendary Wall Street Career" and some of his most important work being "financing entrepreneurs who had great ideas" + +Listed as one of the companies he financed... you guessed it... Toys 'R' Us + +Source:[ https://www.mikemilken.com/fincareer.taf](https://www.mikemilken.com/fincareer.taf) (6th Paragraph) + +\--> So... while Cellar Boxing, may have been happening here... this is a **MULTI-PRONGED attack**... + +Additionally, the company was taking on MASSIVE junk-bond debt, which brought the price of the stock down massively, enough for a Hostile takeover by Private Equity... who proceed to milk all the profits they could before driving the company to Bankruptcy... thus, relieving the shorts of any obligation + +&#x200B; + +**Zombie Stock #2 - Blockbuster** + +Forced into Bankruptcy by "POOR MANAGEMENT" and a dropping stock price, DISH NETWORKS took over Blockbuster and began dismantling it in 2013. + +Source: [Reuters](https://www.reuters.com/article/us-blockbuster-dish/dish-network-to-close-all-blockbuster-stores-lay-off-2800-idUSBRE9A511Z20131106) + +Interestingly... Dish networks is NOT a Private Equity Firm, BUT... surprise, surprise, 5 years later, Apollo Management in Talks to FINANCE Dish Network Expansions... + +Source: [Reuters](https://www.reuters.com/article/cbusiness-us-apollo-dish-network-t-t-mob-idCAKCN1TF2PJ-OCABS) + +And it SEEMS like Ergen has both a reputation and the RIGHT CONNECTIONS to be on the inside track of this System: + +Dish Network, The Meanest Company in America + +Source: [Yahoo Finance 2013](https://finance.yahoo.com/news/dish-network-meanest-company-america-194008712.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFolE0lrCsTFUjh8BBdi1SKGPqC9VHqlPEuG2PqVi5AjM7qdh5rMic-jk2oNrUgMUJMWjvKe5xFvYxpowaAihCneV-brQHWaFoxUPgYCZ2jY1jZCFq4giTKqeSbRgADpkupFzsVV2EsvDQVgjFRD25uZjqo6bYXCnnTI4TMfaALW) (Now also Owned by Apollo) + +&#x200B; + +&#x200B; + +**Zombie Stock #3 - Sears** + +Taken Over by Eddie Lampert in 2013 and driven to Bankruptcy by 2018. Lampert had a reputation as being the NEXT WARREN BUFFETT, in that he would take large positions through his Hedge Fund ESL Investments in smaller companies, and hold on to them over long periods of time. + +Surprising then, that as soon as he took the role of CEO in Sears, he begin dismantling the company and selling it off for parts. + +Source:[ Investopedia](https://www.investopedia.com/news/downfall-of-sears/) + +\----------------------------------------------------------------------------------------------------------------------------------- + +Ok I'm betting there are A LOT more examples of this... but remember that quote about Leon Black? + +Even if you don’t know Apollo, you know its targets: Caesars casinos, Claire’s jewelry stores, Linens ’n Things, all purchased just before the financial crisis and driven to bankruptcy under Black’s watch. + +Here's a Reuter's article that states that Creditors at Caesars claimed that Apollo created affiliates to put choice properties out of reach of creditors. + +[https://www.reuters.com/article/us-caesars-bankruptcy-factbox/factbox-a-new-caesars-entertainment-to-emerge-from-bankruptcy-idUSKBN1CA2RB](https://www.reuters.com/article/us-caesars-bankruptcy-factbox/factbox-a-new-caesars-entertainment-to-emerge-from-bankruptcy-idUSKBN1CA2RB) + +Caesar's Rose from the Dead of Bankruptcy, ONLY when the actions that Apollo (And TPG Capital) had done, were undone. + +Claire's Jewelry rose from the dead in much a similar fashion. Forbes article here: + +[https://fortune.com/2018/10/15/claires-emerges-from-chapter-11-bankruptcy/](https://fortune.com/2018/10/15/claires-emerges-from-chapter-11-bankruptcy/) + +Linens 'n things however, did not make it. They couldn't get out from under the crippling debt likely orchestrated by Apollo... + +[https://www.cbsnews.com/news/linens-n-things-becomes-liquidation-n-things/#:\~:text=Linens%20'N%20Things%20filed%20Chapter,of%20%24650%20million%20in%20debt](https://www.cbsnews.com/news/linens-n-things-becomes-liquidation-n-things/#:~:text=Linens%20'N%20Things%20filed%20Chapter,of%20%24650%20million%20in%20debt). + +\----------------------------------------------------------------------------------------------------------------------------------- + +Feel free to do more digging here Apes... every word I write is likely 30 words read in research... and I've only touched the tip of the iceberg here. + +There are too many coincidences for this not to be a thing. + +So all get to the REAL point of all this. + +\----------------------------------------------------------------------------------------------------------------------------------- + +# FAST FORWARD TO TODAY & MEMESTOCKS + +So here's what we know... + +We KNOW that Private Equity Companies like to buy distressed assets... + +Sometimes they hang on to those assets... sometimes they dismantle them and sell them off... + +We KNOW Apollo is one of these Companies... + +We KNOW Adam Aron is an Apollo Man + +&#x200B; + +[Adam Aron and Apollo Co-Founder of Apollo Global Josh Harris](https://preview.redd.it/ha917fjo59b81.png?width=762&format=png&auto=webp&s=0cd75e26d95cde704c8f2c18386e978b8d694361) + +&#x200B; + +We KNOW... Naked Shorting / Cellar Boxing is a good way to make a $1 seem like it's only worth $0.10 + +We KNOW... Private Equity Companies are a great way to turn a $1 into $1.50 no matter what the cost. + +We KNOW... Private Equity Companies that buy Distressed Assets, love to buy a $1 for $0.10 and then turn it into $1.50 + +NOW... + +What if Private Equity Companies... teamed up with Hedge Funds and Market Makers... to short the shit out of companies they want to acquire... so that they could by them cheap and turnout a maximum profit??? + +**JUST LIKE MILKEN DID WITH JUNK BONDS...** + +Milken’s bankers helped clients find ripe takeover targets and sold packages of debt to finance the deals. The bonds had to have sky-high interest rates to entice Wall Street buyers, but the corporate raiders didn’t mind: It was the targets, not them, who’d have to make good on the debt. + +Source:[ Same Bloomberg article Paragraph 13](https://www.bloomberg.com/news/features/2020-01-16/nobody-makes-money-like-apollo-s-ruthless-founder-leon-black) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +We KNOW... Milken started this strategy... + +We KNOW... Leon Black Expanded on this Strategy.... + +We KNOW... Milken stayed close with Black... + +&#x200B; + +[Milken, Black... and who's that on the left???](https://preview.redd.it/2o4t3ius59b81.png?width=762&format=png&auto=webp&s=1dcf05bf315f6c649dc686085d488870712d35a3) + +&#x200B; + +We KNOW... Milken is close to Kenny... Citadel is even listed as a STRATEGIC PARTNER of the Milken Institute!! (Source:[ Milken Instite](https://milkeninstitute.org/support#partners)) + +&#x200B; + +[Citadel Sponsors the Milken Institut](https://preview.redd.it/pki3cnax59b81.png?width=764&format=png&auto=webp&s=16f3a50ee850252180e60798c25451efa1b2e36c) + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------- + +SO WHAT IF... + +And yes, we are going to start getting into a bit of speculation now... + +As part of the **Private Equity Playbook for Hostile Takeovers**... + +Not only do they get their buddies in the Hedgie world to short the shit out of Companies they see as a **Target for Takeover**... + +But... + +They also PLANT senior executives in the company... to ensure their plans go over Smoothly... and more often than not... make the company take on a shit ton of debt to get maximum short term profits!! + +That'd be FUCKING INTERESTING RIGHT???? + +\-------------------------------------------------------------------------------------------------------------------------------------- + +We ALREADY know... that Adam Aron is an Apollo man... so let's not go through that again... but I TRULY do hope you listen Popcorn Apes... + +BUT... + +**WHAT IF THIS IS WHAT RYAN COHEN KNEW BEFORE INVESTING IN GME???** + +He knew the **Private Equity Playbook for Hostile Takeovers**... + +He could see the price TANKING for Gamestop... + +All he would have had to do to **CONFIRM** it's a Hostile Takeover play... + +(Meaning the company was massively overvalued due to Private Equity wanting that $0.10 on the dollar) + +...Is to look at the **SENIOR MANAGEMENT OF GAMESTOP**... + +\-------------------------------------------------------------------------------------------------------------------------------------- + +**DISPROVEN:** This is what I love about Reddit. An Army of Apes checking your work to make sure you are correct. A few apes have spotted this mistake so thanks guys for reaching out! + +THERE ARE 2 GEORGE SHERMANS in this world - That's why his CV didn't make any sense. It's the other George Sherman that had the connection to Apollo. + +So for NOW... Georgey is off the hook for a direct link. But I'm not done yet. Something still smells off, so I will keep digging. + +\-------------------------------------------------------------------------------------------------------------------------------------- + +# GEORGE SHERMAN + +(Starting to get the picture yet?) + +&#x200B; + +https://preview.redd.it/hn92fwv169b81.png?width=761&format=png&auto=webp&s=7fd869c9a591ac30242735bb864d9f698784d947 + +Did you know that George Sherman had his own Investment Company? + +Cypress Group LLC manages the Sherman Family Foundation and Sherman Capital Holdings. + +Now... + +If we take a quick look at the ABOUT section... + +You'll see a little bit of background information on Sherman, that doesn't appear to be in his Linkedin Profile. + +SCREENSHOT JUST IN CASE IT GETS CHANGED: + +&#x200B; + +[ Source: https:\/\/www.cypressgroupllc.com\/about.html ](https://preview.redd.it/qhe5o4x469b81.png?width=697&format=png&auto=webp&s=4633fb5c8727fa09951583f8cce08f5e81ef6a20) + +Yup... **DIRECT** connection to Apollo! + +RBS Global is the parent company of Rexnord, and here's the official announcement of Apollo's Acquisition in 2006. + +[https://www.militaryaerospace.com/home/article/16723065/apollo-management-to-acquire-rexnord](https://www.militaryaerospace.com/home/article/16723065/apollo-management-to-acquire-rexnord) + +According to BusinessWire, Georgey started with Rexnord in 2002, meaning he helped transition the acquisition of Rexnord by Apollo in 2006... + +Source:[ BusinessWire](https://www.businesswire.com/news/home/20150611005904/en/George-Sherman-to-Retire-as-Non-Executive-Chairman-of-Rexnord-Corporation-Paul-Jones-Named-as-Non-Executive-Chairman) + +THEN... they took the company public in 2012 + +Source[ StarTribune](https://www.startribune.com/apollo-global-to-sell-11m-rexnord-shares/211805801/) + +A year later... Apollo Dumps a chunk of its shares (Though they remained the Majority Shareholder) + +Source[ StarTribune](https://www.startribune.com/apollo-global-to-sell-11m-rexnord-shares/211805801/) + +AND... a couple of years after that, Georgey announces his retirement from the company, but not before selling off a BIG chunk of his shares in 2013. + +Source[ https://wallmine.com/people/76973/george-m-sherman](https://wallmine.com/people/76973/george-m-sherman) + +**SEEMS VERY SIMILAR TO ADAM ARON AND VAIL EXCEPT, THIS TIME THE DEAL WENT WELL AND APOLLO KEPT MOST OF THEIR IN THE COMPANY** + +But... + +If Georgey made SO much fucking money from this... + +And everything went so well... + +Then WHY NO MENTION of it on his Linkedin Profile? + +I mean he spent 13 years there!! + +&#x200B; + +https://preview.redd.it/y3jzklb969b81.png?width=813&format=png&auto=webp&s=833836571eb5da3ccc279134c9d514f87fcaffd6 + +Could it be that Georgey Didn't want people picking up that he was working for Apollo? + +Similar to how Adam Aron CONVENIENTLY left out his 10 years at Apollo in his Milken Institute Profile (**A Place where this would normally be very relevant!**) + +&#x200B; + +[ Source: https:\/\/milkeninstitute.org\/events\/gc21\/speakers\/49394 ](https://preview.redd.it/z2zn61lb69b81.png?width=770&format=png&auto=webp&s=5c8ec583b2c9ffaedbfa10233de3073d5296bdf0) + +&#x200B; + +BTW... I mentioned before that the Milken Institute is a Strategic Partner with Citadel Securities... and Aron actually spoke there at an Event SPONSORED by Citadel... Sus Much? + +I even[ made a video on it](https://www.youtube.com/watch?v=uEfiuA8wg-Y)... though PopCorn Apes didn't appreciate it. + +\-------------------------------------------------------------------------------------------------------------------------------------- + +So anyway... back to Sherman... + +What about other companies he's worked at? + +Advance Auto Parts? + +Well, In Nov 2012 a RUMOUR went out that they could be primed for acquisition by a Private Equity Company. + +Source[ NEW YORK TIMES WAYBACK MACHINE](https://web.archive.org/web/20130326202226/https://dealbook.nytimes.com/2012/11/01/advance-auto-said-to-consider-a-sale/) + +Also:[ CNBC](https://www.cnbc.com/id/49646153) + +A few months later... April 2013... Sherman is Made President of Advance AutoParts. + +Interestingly... in his Linkedin Profile, Sherman lists himself as **CEO** for his Entire Time at Advance AutoParts, but according to Multiple Sources, **he was actually President and only acted as interim CEO for 4 months in 2016**... Lying on your CV Georgey? + +[Source 1](https://www.aftermarketnews.com/advance-auto-parts-announces-departure-of-president-george-sherman/) + +[Source 2](https://www.bizjournals.com/triangle/news/2017/01/18/george-sherman-advance-auto-parts-verizon-wireless.html) + +Other than that I couldn't REALLY find a connection here, though there were lots of other smaller coincidences. (I'd love to check institutional ownership at the time!) + +He did oversee a merger here though... so there were 2 companies that could have had a Private Equity interest for him. + +(Either way... the Rumor of a buyout could be enough to plant an **INSIDE MAN** there too) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +ALSO... like WTF is this... I can't even make sense of this shit. + +In his LINKEDIN... listed above... he shows his career path from 1996... to Gamestop... + +But remember in his investment Page... he listed a whole heap of other shit... + +He previously served as non-executive Chairman of the Board of Rexnord Corporation (NYSE: RXN). During his tenure, Rexnord was a portfolio company of both Apollo Management and The Carlyle Group prior to its listing on the NYSE in 2012. George retired from his role as Chairman of the Board of Rexnord Corporation in July 2015. George also previously served as Chairman of the Board of Campbell Soup Company (NYSE: CPB), President and CEO of Danaher Corporation (NYSE: DHR) and Executive Vice President and President of the Power Tools and Home Improvement Group at Black and Decker Corporation. + +[Source](https://www.cypressgroupllc.com/about.html) + +So... while it doesn't list dates there... I did a little Digging... and **SURE ENOUGH**... + +Here's an Official Press Release by Campbells Soups stating that Georgey is being made Chairman of the Board... + +This is in June 2001... AFTER being a Campbell Director since 1995... + +So instead of listing himself as a Director and Chairman of the board on Campbells Soups (A Fucking Fortune 500 Company) + +**HE LISTS HIMSELF AS A REGIONAL SALES MANAGER AT TARGET???** + +On TOP of this... in the same announcement... it states that in addition to being a Director at Campbell... he was the PRESIDENT and CEO of Danaher Corporation from 1990 until May 2001... + +WTF??? + +ANYONE??? + +Who is this guy?? + +Fucking Source:[ https://www.campbellsoupcompany.com/newsroom/press-releases/george-m-sherman-elected-chairman-of-board-succeeding-philip-e-lippincott/](https://www.campbellsoupcompany.com/newsroom/press-releases/george-m-sherman-elected-chairman-of-board-succeeding-philip-e-lippincott/) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +ANYWAY... the fucking Apollo Connection is there yet again. + +Let's look at the other execs, shall we? + +FUCKING JIM BELL... + +This shit just gets crazier... + +Shout out to [ u/StrifeLover](https://www.reddit.com/user/StrifeLover/) for his post on Jim Bell 11 months ago which helped me figure this shit out. + +[https://www.reddit.com/r/GME/comments/lrfvlq/jim\_bell\_is\_a\_his\_firing\_is\_good\_and\_bullish/](https://www.reddit.com/r/GME/comments/lrfvlq/jim_bell_is_a_his_firing_is_good_and_bullish/) + +In his post... he states that Jim was brought on to Coldwater Creek to bring the company back to profitability, but ended up running it into the ground... INTERESTING... + +In Jimmy's Linkedin Profile... it shows indeed he worked at Coldwater Creek... + +But if you look at the Wikipedia for Coldwater... there is no mention of Jim Bell, **DESPITE** that being used to source[ u/StrifeLover](https://www.reddit.com/user/StrifeLover/) + +Wiki here:[ https://en.wikipedia.org/wiki/Coldwater\_Creek](https://en.wikipedia.org/wiki/Coldwater_Creek) + +Now I naturally give Apes the benefit of the Doubt and seeing as his Linkedin Shows it, there are PR announcements about it ([Source](https://www.globenewswire.com/news-release/2012/02/02/467051/14438/en/Coldwater-Creek-Promotes-Jim-Bell-to-Executive-Vice-President-Chief-Operating-Officer-and-Announces-Further-Leadership-Additions.html)) I'm GUESSING... Jimmy actually did work there and DID drive it into the ground... + +BUT... his name has since been changed to Dennis Pence... WEIRD. + +From[ u/StrifeLover](https://www.reddit.com/user/StrifeLover/) 's post + +From 2009 to July 2012 ColdWater did nothing but see RED and losing money, business was tanking due to "poor management". In 2012 Coldwater had to borrow $65million from Golden Gate Capital. GGC is a private equity firm run by a guy named David Dominik. The deal was assisted by a recovering Hedge Fund company at the time 'Citadel LLC' Oh and guess who graduated from Harvard with David Dominik? Kenneth Griffin *GEE THATS INTERESTING* + +Connections to CITADEL??? + +Not sure about that one buddy but would love to see the source on it... + +IN saying that.. the Financing is there + +Source:[ Globe Newswire](https://www.globenewswire.com/news-release/2012/07/09/272993/261557/en/Coldwater-Creek-Announces-New-65-Million-Financing-with-Golden-Gate-Capital-and-Reiterates-Second-Quarter-Financial-Guidance.html) + +And despite the financing... just 2 years later, they file for bankruptcy... + +Source:[ Yahoo News](https://news.yahoo.com/coldwater-creek-files-bankruptcy-protection-102650455--finance.html) + +But ya... next he went to PF Changs... like Strife says in his post... drove that into the ground + +When it was sold, it was sold for $700 million, along with an existing $675 million in debt and despite doing $919 million in sales that year. + +Not exactly the guy you want as CFO unless you are planning on taking down a company from the inside right? + +Source.[ https://www.nrn.com/mergers-acquisitions/report-pf-chang-s-agrees-sale](https://www.nrn.com/mergers-acquisitions/report-pf-chang-s-agrees-sale) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +# WHY I THINK RYAN COHEN FIGURED ALL THIS OUT... + +Let's look at the now Infamous letter to the board, without taking into account the strategy part itself. + +>Given that our attempts to privately engage with you since the summer have yielded little progress, we feel compelled to send a clear message to the Board today: GameStop’s leadership should immediately conduct a strategic review of the business and share a credible plan for seizing the tremendous opportunities in the rapidly-growing gaming sector. + +&#x200B; + +>It is important to reiterate that we have devoted a significant amount of time to analyzing GameStop’s assets, balance sheet, corporate governance, opportunity set and positioning within the sector + +&#x200B; + +>We recognize that the Board may feel it is insulated from stockholder scrutiny after adding new directors this past spring + +&#x200B; + +>GAMESTOP’S CHALLENGES STEM FROM INTERNAL INTRANSIGENCE AND AN UNWILLINGNESS TO RAPIDLY EMBRACE THE DIGITAL ECONOMY + +&#x200B; + +>Unfortunately, it is evident to usthat GameStop currently lacksthe mindset, resources and plan needed to become a dominant sector player. The Company remains in long-term secular decline due to its apparent unwillingness to pivot with urgency and grow with gamers. As evidence, stockholders have seen the value of their equity decline by nearly 68% over the past three years and decline by nearly 85% over the past five years. 2 GameStop is also one of the most shorted stocks in the entire market, which speaks volumes about investors’ lack of confidence in the current leadership team’s approach. + +&#x200B; + +>It is equally important to stressthat GameStop hasfailed to adequately keep pace with key industry developments in recent years, including: + +* The transition from physical hardware to digital streaming. +* The explosion of mobile. +* The shift to purchasing from mass retailers and other online competitors. + +>By not capitalizing on these shifts, GameStop has lost billions of dollars in annual revenue and squandered a massive amount of market share. The Board cannot run from the following facts: + +* Sales have plunged from $9.5 billion in fiscal year 2011 to $6.4 billion in fiscal year 2019. +* Annual EBITDA has dropped from $839 million in fiscal year 2011 (before the last console cycle) to only $111 million in fiscal year 2019. +* Net income has fallen off a cliff from $339 million in fiscal year 2011 to a staggering loss of $470 million in fiscal year 2019. +* In the two most recent quarters alone, the Company has lost another $277 million. +* To add insult to injury for GameStop’s stockholders, the size of the global gaming market has grown by more than 2.5x since the last console cycle. + +>Although GameStop’s e-commerce sales have increased significantly during the pandemic, annual revenues have declined by a staggering margin over time. The next console cycle’s temporary sales bump is not a justification for complacency and glacial transformation. + +&#x200B; + +>RC Ventures understands that Chief Executive Officer George Sherman has substantial experience working for large brick-and-mortar retailers such as Advance Auto Parts, Best Buy and Target. Regrettably, Mr. Sherman appears committed to a twentieth-century focus on physical stores and walk-in sales despite the transition to an always-on digital world. + +&#x200B; + +>Through our private conversations, we have explained to Mr. Sherman and the Board that GameStop has the ability to pivot toward becoming a technology-driven business that excels in the gaming and digital experience worlds. But this pivot requires the type of strategic vision that has not yet taken hold in the c-suite or boardroom of the company. + +&#x200B; + +>We contend the Company’s sales should be growing at least in line with the market – not going in the opposite direction. + +&#x200B; + +>**WE URGE GAMESTOP TO ADOPT THE RIGHT ROADMAP TO VALUE CREATION NOW** + +&#x200B; + +>We have stopped short of outlining a detailed turnaround plan in this correspondence because the onus is on the Board and Mr. Sherman to do their jobs and produce a viable strategy. + +&#x200B; + +>Please be advised that RC Ventures is not interested in receiving a lone seat on GameStop’s ten-member Board. It is not enticing to become an isolated stockholder advocate on a Board that has overlooked years of digital revenue opportunities and presided over massive value destruction without assuming full accountability. We want GameStop’s leaders to do their jobs and implement a strategy for bringing the Company into the 21st century. + +SOURCE:[ SEC Archives](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +Ok... so to me, this isn't just frustration with stock/investment performance. This is addressing the **CLEAR** **MISMANAGEMENT** of the company. + +And after stating that they ***"devoted a significant amount of time to analyzing GameStop’s assets, balance sheet, corporate governance, opportunity set and positioning within the sector"*** I very much DOUBT that RC didn't do a background check on the leadership team. + +And as soon as he got his foot in the door... he began immediately removing the bad Apples. + +Makes sense right? + +This is me speculating of course because I have no idea what goes on in that beautiful brain of his... but to me... this letter shows that he tried talking to them... he tried explaining it to them... but he couldn't just stand by and watch them drive the company into the ground like the **Private Equity Firm Hostile Takeover Playbook** would have done. + +So he said **FUCK IT... I'll DO IT MYSELF!** + +\-------------------------------------------------------------------------------------------------------------------------------------- + +Ok... We're going to PART 4 Apes!!! +>GameStop was going out of business and we have proof the stock was naked shorted with Finra stating a figure ~230%. It’s obvious that big institutions tried to maximize profits by betting, with A LOT of over leveraging, that GameStop would go bankrupt. + +>During the Jan-Feb run up we had mass collusion amongst clearing houses and brokerages cutting off buying with conflicting testimonies as to why; one live on air from Thomas Petterfy saying if GME went above $1,000 it would become a contagion event. + +>Almost exactly when the reported short interest dropped we had extremely sus options chain activity with an extreme amount of way OTM puts and ITM calls; a specific type of behavior that could be deployed to successfully hide short interest. + +>We’ve had quite a substantial amount of DTCC and NSCC regulatory filings passed in such a relatively short amount of time. + +>We’ve had mainstream media relentlessly post extremely biased and negative rhetoric in the face of very positive news for GameStop Corp. + +>There’s been heavy acceleration in collateral types with almost daily records in reverse repurchase agreements and massive sell offs in crypto. + +>Various ETFs that contain GME were heavily shorted along with the entire Russell 2000. + +>Glitches upon glitches upon glitches unique to GME. + +These are just the examples I can think of off the top of my head. To me, it’s quite clear that large institutions who were and still are short on GME didn’t cover. It’s obvious because if they did, the cascade effect would have caused a contagion event as postulated by multiple sources and that hasn’t happened. From a game theoretical standpoint, the incentive for shorts in a massively losing position is to never cover and prolong the process so as to evade either losing big or complete liquidation. So why would you think that the ~230% short interest was successfully covered? + +Keep in mind, this isn’t even factoring in other macro-economical hypotheses of market wide problems which affect GME indirectly or all the evidence of buying pressure being suppressed. I mean for Christ sake, the president of the NYSE admitted that dark pools exclude ~70% of all investors and fucks with price discovery by breaking the relationship between supply and demand. Idk man, something something, if it quacks like a duck.. +&#x200B; + +Buy stocks with earnings and increasing revenues. You can forget that occasionally but it takes time to learn when you can do that. + +Yahoo finance has all the general info you need to assess a stock in most cases but it'll take a while to learn to navigate for everything. + +**If you can find a stock that is going up nicely (during normal times) in volume more than triple its average inexplicably on NO CURRENT NEWS-that is the best way i have found explosive stocks-Finding one in a hot sector is a big plus. It may take 2-3 weeks or more before they start popping. The reason this works is because it indicates some 'wise guys' know something is coming that isn't out yet. It is best used for small cap to low mid cap generally unknown stocks. Don't use this formula for stocks that have crashed and are now bouncing up.** + +Read these boards and watch all the business channels as often as you can-Listen when Buffet speaks. This is to learn basic market and business principles and not necessarily for specific stock picks. If you hear of an interesting stock, do your own due diligence. + +A Drip plan on a Utility or Dividend Mutual Fund where you add extra money of the same amount regularly is the surest way to make a nice score over time. Try to get in when the market tanks and/or up your extra contribution at that time. + +Don't EVER buy stocks under $3-$4. If you have to, make sure you can handle a total loss. If you receive a phone call from a broker you don't know to buy one, don't even think about it-just hang up. + +Avoid Margin unless you can transfer in covering funds in a day or two + +Buy thinly traded stocks that you like when they are down on low volume. + +Never set a GTC order for more than a week or two at most. You can wind up buying a stock for forty that is 25 ten minutes later. Much less likely to happen in a week or two and then you can re-assess your decision. If you have a GTC order, you must read the after market and pre market news so that you can cancel your order if something weird is going on. The exception might be in the crypto market to set some GTC orders at 60% below market and hope for a flash crash. + +With short term trading, only trade stocks with good fundamentals that you wont mind owning if things don't go your way. + +Don't buy in the pre market + +Once you sell a stock at a profit, don't buy back in on a small drop + +Always have 20% cash in case of a market crash. Adding money incrementally and waiting for a 5% rally are usually good ideas + +If you get lucky and have a 500% gain or more inside of a year on a stock, take double your investment off the table. + +Remember "No one ever went broke taking a profit" and You'll never buy at the absolute lows or sell at the highs. When in doubt on taking a profit, sell half! + +NONE of this info came from a book. I have never read a book on the market but quite a few articles, watched the business channels, talked extensively to active investors and been trading and following the market for decades. + +Good luck! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +🖼 The Big Picture is BEAUTIFUL - 👉 StonkBot Repost 👀 Profit to the People. Power to the Players. 💎✊ + +"Finance is mostly run by old dudes, at the top anyway. Virtually none of them understand the internet. They all think their closed-door deals and underhanded strategies are as well hidden as they were back in the 80s, and they think their lil PR soundbites are all anyone pays attention to. They don't understand just how big the mountain of public data is, and they don't understand how the community is collating this information, so they blame DFV and Cohen. It's why they're gonna lose. + +What's happening online with retail investors isn't "market manipulation," it's Communal Intelligence, a role I think the internet could play heavily in the future and possibly the only true competitor for genuine AI; algorithms cannot compete with a pool of dozens of thousands of lived experiences focused on the same goal.  A million apes on typewriters occasionally accidentally smash out finance textbooks, apparently. + +Over the last few months we've seen hundreds of volunteers, most working alone, poring through mountains of public data to put out quantities and qualities of free research I'd expect from paid professionals and committees, and this data is then fine-tuned by the community as a whole.  Sure, some fluff and shilling makes it through sometimes, and maybe the hype blinds us a bit sometimes, but on every great DD there are miles of threads of people debating (with sources!) the finer points, and what truly validates it all are the "experts" in the pool -- longtime traders, lawyers, accountants, and more -- who \*know\* the numbers and the fundamentals and the laws and policies, and who \*also\* know this shit isn't adding up. + +In the After Times, if we can keep this same energy and these same methods and same growth, there could be a lot of good, lasting changes through deep communal investigation and education; this is what the internet was \*made\* for, the free and public dissemination of information and knowledge, and I'm just \*really\* excited to see how it continues evolving over the next decade or two." + +AUTHOR: Unknown, but i sense overtones of OG silverback warrior ape ... thank you OP. 💪 + +[OP: The Big Picture is BEAUTIFUL](https://www.reddit.com/r/Superstonk/comments/mzyo82/the_big_picture_is_beautiful/?utm_source=share&utm_medium=web2x&context=3) 👀 + +* [https://www.reddit.com/r/Superstonk/comments/mzyo82/the\_big\_picture\_is\_beautiful/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mzyo82/the_big_picture_is_beautiful/?utm_source=share&utm_medium=web2x&context=3) +Edit: They made me my own flair so I'm guessing I'm onto something lmao + +So I was just poking around randomly on Google. I found some interesting information that leads me to a retarded ape-like conspiracy. + +Short end of it, I think Gamestop was in the process of closing everything down and I think the real estate division were giving Melvin inside information which is why they went so heavy on the shorts to begin with. + +Let me explain my thought process. Maybe I'm retarded but you apes help me to see if I'm crazy or autistic. + +The real estate connection begins with this PDF document: + +[https://higherlogicdownload.s3.amazonaws.com/CCIMCONNECT/8f473331-34dc-49b0-a5cc-4a6fe64f26ec/UploadedFiles/VqsY4FaMQna7C7UeT3Kb\_CCIM%20Preferred%20Partners%20Book%202019.pdf](https://higherlogicdownload.s3.amazonaws.com/CCIMCONNECT/8f473331-34dc-49b0-a5cc-4a6fe64f26ec/UploadedFiles/VqsY4FaMQna7C7UeT3Kb_CCIM%20Preferred%20Partners%20Book%202019.pdf) + +CCIM is a commercial real estate group that basically just puts people together in a room and does conferences and shit. + +The PDF starts off innocently. Just a thank you note, President's Forward and random ads. + +But then it begins to list a directory of members. On Page 46 there's a strange coincidence. + +Gamestop's real estate leasing manager, Christopher Morris is listed. + +Right underneath is Scott A. Morris of...... Citadel Partners LLC. + +I was like holy shit when I saw that and I looked into it and Citadel Partners is a real estate group in Texas, doesn't seem to be a connection to our evil Citadel overlords. Just... a really funny coincidence. Maybe someone wrinklier brained than I can find an actual connection lol + +But then I did some other digging and found a random document: + +[https://cases.primeclerk.com/ascena/Home-DownloadPDF?id1=MTYzODk5Ng==&id2=0](https://cases.primeclerk.com/ascena/Home-DownloadPDF?id1=MTYzODk5Ng==&id2=0) + +Which is a voting form for Ascena Retail Group's bankruptcy filing. + +On page 49 and 50 something jumped out at me: + +GOLDMAN SACHS & CO -- F/A/O MELVIN CAPITAL MGMT LP -- ATTN PRIME BROKER ACCOUNT + +Idk if it's well known, because I had no idea but apparently Goldman Sachs handles Melvin's accounts. + +I looked further into it and found: + +[https://aum13f.com/fund/melvin-capital-ii-ltd](https://aum13f.com/fund/melvin-capital-ii-ltd) + +**Custodian** Deutsche Bank Securities Inc, Morgan Stanley & Co LLC, JP Morgan Securities LLC, Goldman Sachs & Co LLC, National Financial Services LLC + +Melvin is in publicly bed with Goldman and JP Morgan. + +And it just so happens Jason Butler of JP Morgan Chase bank is also listed in that CCIM real estate group directory. I can't find anything about what Jason Butler does except this page which shows him as an analyst: + +[https://invest.arenapharm.com/analyst-coverage](https://invest.arenapharm.com/analyst-coverage) + +So would it be impossible to think that Christopher Morris, Gamestop's regional leasing manager, Jason Butler an analyst at JP Morgan got together at any one of the events CCIM held in 2014 ([https://www.ccim.com/networking/past-meetings-conferences/](https://www.ccim.com/networking/past-meetings-conferences/)) and had a little discussion about how Gamestop was considering bankruptcy as the digital age may be putting them in a bad position financially? + +And then at that point word got around to Melvin who's probably paying for information like this from any one of their insider analysts at Goldman or JP Morgan and decided it's a safe bet to start shorting Gamestop? + +Then all this shit hits the fan and now Gamestop is doing better than they've ever done and now have no plans to continue that route of possible bankruptcy and Ryan Cohen swooping in to save the day destroying all of Melvin's hard insider traded tendies. + +It's a cooky theory but plausible. + +&#x200B; + +Edit: Forgot to mention current position 48 @ $77 +Good morning everyone! Let's start the week off right. + +I want to make a quick clarification and say that this post and list is geared towards day trading, and I am not advocating to blindly buy and hold these at all, in fact I advise strongly against that. + +*With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5-10 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Large Cap Watchlist (*****over $10*****)** + +* Gapping UP: VACQ, MARA, RIOT, NIO, TLRY, APHA, PLTR, MGNI, CRSR, CAN, PRGO, SCKT, NRG, CCIV, GRWG, GME +* Gapping DOWN: OTRK, NVT, ORA, FSR, RCL, ABNB + +**Small Cap Watchlist (*****under $10*****)** + +1. ASLN: Leading gapper on a news catalyst. Seeing strong volume and price action in the premarket. Don't go chasing trades, as this could be a bit extended. Just wait for some kind of confirmation. +2. SOS: Gapping up with other crypto stocks, as well as the company response to the short seller attack last week. Seeing good volume with decent price action in premarket. Currently holding over premarket support of 5.52. +3. OPGN: Gapping up on a news catalyst. Seeing decent volume in premarket, but price action could look better. +4. APEN: Gapping up on FDA breakthrough device designation. Seeing decent volume in premarket, but price action is currently showing some weakness, and I'll want to see it get back to the 7.00 level. +5. EBON: Gapping up but couldn't find a catalyst, likely following other crypto-related stocks. Volume and price action picking up in the premarket. +6. COMS: Gapping up on a news catalyst. Seeing good volume and price action at the moment. Premarket resistance around 4.15. +7. STSA: Gapping up after $80 million private placement financing. Currently seeing good volume and price action in the premarket. Low float, so this could see some volatility this morning. + +Stocks looking to open in the green this morning, with a lot of stocks gapping up. SPY is currently sitting at around 384.50, and we could see movement in either direction. If SPY continues to hold above support, we could see a push upwards, but if SPY shows weakness and starts heading down towards support, we could see some movement further down. The good thing is that as traders, we can wait and confirm that either of these scenarios is playing out. Bitcoin is currently up a bit, sitting at just over 48,000. Bitcoin-related stocks are up big in premarket, following the trend. Marijuana stocks are seeing some revival this morning as well. I'll be watching UVXY to play any volatility, but hopefully that won't be needed and we see a strong day in the market today. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +I know this is FATFire, but I’m curious about +those of you with very low annual withdrawal rates. Those who mathematically can spend much more per year but just don’t. + +Anyone retired and under 1% annual withdraw? Under .5%? If so, I’d love to learn about the things you enjoy in life day to day and if you have any regrets about the time spent accumulating so much before shifting gears. + +I ask this question because I see countless posts where community members are safely at their goal with 4% SWR and choose to keep working to get to 3% or 2% or whatever. + +It’ll be helpful for those folks (me included) to hear from your experience. + +Edit: Thanks for the gold! +What I am trying to say is, among all the metrics that tells you your strategy is doing good/ decent. How do you know if you are going to live trading that? Or at what level of sharpe ratio/ maximum drawdown/ return/ alpha/ win rate you consider good/ comfortable trading live? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://www.cnbc.com/2018/08/14/bitcoin-price-below-6000-amid-wider-cryptocurrency-sell-off.html + +Edit: thanks to all the cryptards for raiding the thread and making my IQ drop +XEQT has more US exposure, and lower MER. XEQT has less holdings at 9000, while VEQT has 12,500. + +I'm wondering if XEQT's dividend paid quarterly **reinvested** leads to greater return than VEQT's annual dividend reinvested? + +Also, does it matter if XEQT is priced at $23 compared to VEQT's $31? +I have been through my learning curve in recent years, finding: + +1) which cryptocoins are worth following, + +2) how much to HODL how much to try to make some shorter gains on and + +3) how not to make badly timed stupid decisions. + +Here follows my list of tips and tricks. Use them at your own risk. Share your comments and own ideas. + +**General** + +G1) For positive news: "buy the rumor, sell the news." + +G2) For negative news: "sell the rumor, buy the news." + +G3) Only buy cryptocoins in the top 10 (maybe top 20) in terms of capitalization AND 24 hours circulation. Generally avoid pre-mined coins unless the creators did not retain much for themselves. (See https://coinmarketcap.com/). + +G4) Betting on new ICO coins when you are new around is not smart. ICO investment is for the experienced, and in any case is risking loosing part or all of your investment, quickly or after the first high weeks. + +**Decide** + +D1) How much you want to invest, that you could accept to loose in the worst case. + +D2) What share of your investment you want to HODL, no matter what, and what share you want to play with with shorter trading. + +D3) With your heads, not your guts and emotions. Define you buy and sell points based on the rules below and stick to it. Sometimes that may turn out bad, but generally it is better than the emotional fear or excitment-based decision. + +**Buy when** (the more together, the stronger the signal) + +B1) 15 minutes & 2 hours MACD are past bottom in the red: first red bar of a decreasing size. + +B2) From Friday to Monday morning; Saturday and Sunday are generally the low points in a week. + +B3) There is rumor of good news or a positive development expected. + +B4) Prices are dropping to a symbolic level + +B4.1) 1st time + +B4.1.1) strong buy signal: value level is symbolic both in USD & EUR (e.g. 2500 USD which is +/-2200 EUR) + +B4.1.2) average buy signal, less support for bounce back up: value level is symbolic in just one of USD & EUR (e.g. 2280 USD which is +/-2000 EUR) + +B4.2) 2nd time + +B4.2.1) average buy signal, less support for bounce back up: value level is symbolic both in USD & EUR (e.g. 2500 USD which is +/-2200 EUR) + +B4.2.2) low buy signal, chances are that prices will break to lower levels: value level is symbolic in just one of USD & EUR (e.g. 2280 USD which is +/-2000 EUR) + +B4.3) 3rd time or more + +B4.3.1) low buy signal, low support for bounce back up: value level is symbolic both in USD & EUR (e.g. 2500 USD which is +/-2200 EUR) + +B5) Technical Analysis from several sources signal that prices will increase. Not because the analysis is right, but because a number of people believe TA works => Self-fullfilling prophecy. + +**Sell when** (the more together, the stronger the signal) + +S1) 15 minutes & 2 hours MACD are just past top in the green: first green bar of a decreasing size. + +S2) From Monday afternoon to Thursday; Thursday is generally the high point in a week. + +S3) There is rumor of bad news or a positive development expected. + +S4) When news are past and effectively implemented, and there is no big rumour or news being published. This tends to drive a drop or slow price erosion. + +S5) Prices are increasing to a symbolic level + +S5.1) 1st time + +S5.1.1) strong sell signal: value level is symbolic both in USD & EUR (e.g. 2500 USD which is +/-2200 EUR) + +S5.1.2) average sell signal, less support for bounce back down: value level is symbolic in just one of USD & EUR (e.g. 2280 USD which is +/-2000 EUR) + +S5.2) 2nd time + +S5.2.1) average sell signal, less support for bounce back down: value level is symbolic both in USD & EUR (e.g. 2500 USD which is +/-2200 EUR) + +S5.2.2) low sell signal, chances are that prices will break to higher levels: value level is symbolic in just one of USD & EUR (e.g. 2280 USD which is +/-2000 EUR) + +S5.3) 3rd time or more + +S5.3.1) low buy signal, low support for bounce back down: value level is symbolic both in USD & EUR (e.g. 2500 USD which is +/-2200 EUR) + +S6) Technical Analysis from several sources signal that prices will drop. Not because the analysis is right, but because a number of people believe TA works => Self-fullfilling prophecy. + +🏆 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) +After some issues with the code, that pumped the gas fees to infinity, the project had to take drastic steps to turn this boat around, and boy did they turn it around. +🚣‍♀️📈🚢 + +LOT version two with an updated code PLUS SUCCESSFULL AUDIT with Solidity finance is just about to get dropped and it attracts not only old investors and new ones alike, it is a reassurance to the awesome community that was build around the simple but ingenious tokenomics of this Coin +🔭🌚🚀🌠 + +Every Wallet is an entry to an everlasting lottery, you just have to hold at least 25 of LOT in your wallet and you are in. This number is dynamic and can be changed by devs to counter volatility. + +LOT version one‘s ath was $2.8 and we will get back there in an instant. So take a seat💺 and soar through the sky with us.✈✈✈ + +This coin is the OG Lotteryproject on BSC, everything else is but a copy of it and an unsuccessful one at that. The short amount of time that LOT was in redesign brought forth an entertaining bunch of projects (LOTTOAUTO we are looking at you) and all had one thing in common, the allure for the little man was missing, they would have ended becoming a whales game, just like Ethereums Lottery, and thus they failed right after reception… + +But LOT, like the phoenix out of the ashes rises empor to claim back its throne. And you guys can be a part of it. Just don‘t fall for a fake LOTV2 presale, that is listed on DXSALE and a fake pancake contract. (If you were put into a group that is called „LOTv2 Community“ get the fuck out immediately and flag those fuckers.) In the end those things can‘t stop this project and are truly flattering signs of success, just please don‘t fall for it. The correct contract is pinned at the bottom. + +Alright back to the money shitting elephant at hand. Cause that is what this coin is, the purest form of democracy in monetary form. Every wallet has the same chances, again1 wallet + $30 of LOT = 1 ticket, sure you can make multiple wallets to get more tickets, no problem with that. But be aware young goomba, that you will fill up the pot with every tx you do. + +And this is where things get interesting, every transaction of LOT has an automatic tax of 6% applied to it: + +🛸2% go to holders (So yeah, having all in one wallet has benefits) + + +🛸2% get burned + + +🛸2% go to the pot, that fills up till it bursts when +it reaches 0.1% of circ supply and one lucky little fucker gets it all. This mechanic is giving me wet dreams btw, how can you not be on the verge of going all in right now... + +Bare with me, some more story time. +The system had prevailed till one fateful night a failure in the code occured that made it impossible to buy/sell which became the now infamous „Blockrug“ (Inspiration for a soon to be purchasable NFT). The devs were forced to make a snapshot and take the coin of the grid and reinvest every second they have to redo the code till it was fool proof. + +Regarding people that are still holding LOTv1, if you held more than 25 coins at the time of the snapshot on the 9th of April 9 pm utc the new LOT token will just get dropped in your wallet. Every holder with 25 or less has to fill out a form that is available in the Telegram group or through the 24/7 working burnout ridden devs. + +(The devs just now finished one of the craziest feats on BSC, they did the Airdrop whilst doing a presale for old holders manually! Like for real, they did this shit by hand and send everyone their respective tokens. BSC, you finally got some heroes to show case!) + +The new Token price will launch at approximately $1.5-$1.7. + +Alright here are some specs for you tinkerers: + +🎲Circ supply: 1,250,00 (105,000 initial burn to        🎲match the swap, so 1.145m will remain) + + +🎲This low circ supply will catapult this through the stratosphere. + + +🎲Market cap at release: Approximately 2m + + +🎲CMC and CG applications are done, so in about 1 🎲million years LOT might get listed. + + +Links: + + + +Website: www.lotterytoken.net + +Audit: https://solidity.finance/audits/Lottery/ + +Liq lock: https://dxsale.app/app/pages/dxlockview?id=0&add=0xB3125A2A0baaFaaD790c56650Ef96322bC507585&type=lplock&chain=BSC + +Reddit: www.reddit.com/r/lottery_token?utm_medi + +Telegram: https://t.me/lotterytokenchat + +Discord: https://discord.gg/WBKDXCVKbS + +Twitter: https://mobile.twitter.com/lottery_token + +Graph: https://poocoin.app/tokens/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +Contract: https://bscscan.com/address/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +BUY HERE RIGHT NOW! + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +Tldr: If you are bummed by getting rekd the whole time on BSC and you lose faith in new projects, look no further, this one here can reestablish lost trust. The Devs did something no other team on BSC did so far when times got rough, they stayed, and they indulged into the community. They sweat blood and grinded their brain cells to overload. For the Project, for the community, for crypto. +I'm sorry, but I'm sick of seeing this shit. This subreddit used to be cool, and now it's just a bunch of fake traders posting cropped screenshots about how amazing they are, and it's rather disgusting. So I'm going to do you a favor and hook you monkeys up with some tips: + +1. If you're that butthurt for karma, affection, or people saying how amazing you are... Go over to r/MenGW (nsfw) and post a picture of your dick. Or if you're a chick, go to r/gonewild (nsfw)and post your beav. I promise that will lift your spirits. + +3. If you are posting your cropped pnl pictures trying to show people how far you can stretch your asshole, r/gape (nsfw) is the appropriate sub for that. Or you can post commissions that you paid, or some sort of validity that you're not just trying to show us your stretching skills. + +2. If you're trying to pitch people on how successful you are so you can sell some shit. Go fuck yourself, and when you get back from that... Go to r/beermoney Because that's about as valuable as your product/course/indicator is. + +###This is a place where people are trying to either share, grow, or learn. Not suck your weathered dick. + +### This part is important: + +There is a significant difference between someone who's learning and someone who's pretending to be rich. We can clearly tell the difference! When you fucking post 3 months ago about how you've lost all your money, or don't frequent places like r/Maserati, or your account is only posts of you trying to show people how great of a trader you are... stop. It makes you look like a fool. I get that people who do this are idiots, and can't possibly process the logic to this... but I'm going to try. When you have nothing in your account showing anything other than how good of a trader you are... it makes you stand out. Peoples dicks get soft and their bullshit detectors go off. + +If you're learning, and you post about your trade, whether it's 20 cents, or $200,000... That's perfectly fine, but talk about it. Talk about your setup, what you were thinking, what funnymental reasons helped you place your trade, and what technical reasons helped you set your levels. Be part of a community and stop trying to create a dick tugging contest. + +If this post doesn't make sense to you, or my helpful numbered resources don't help and you're still going to pretend that you're a successful pro trader who just needs a little lovin from strangers on the internet because your real friends know that you're actually working a shitty 9-5 job that pays less than a hooker with no arms and has braces. You need to know that successful people don't care, they have fun, they are simple to walk away from a situation because their show is on and you're wasting their time. So if you're going to keep pretending, do it properly so you stop looking like an idiot. + +Sincerely, + +Someone who is sick of seeing people photoshopping giant cocks and big muscles onto their tiny bodies. +Has anyone tried the following (and how did it go or, if not, how does this sound as a fatFIRE idea?): + +1. Purchase a 2-3 bedroom smaller house/condo all-cash to limit to 10% of net worth in a premium location +2. Live in it for 2-3 years +3. Sell it and hop to another premium location with all-cash purchase +4. Do again and repeat to different worldwide locations + +Is something that people already do? Is this a dumb question? + +I'm single and thinking of various ways to be nimble and live in great locations before settling on an area and place while leveraging fatFIRE as well as keeping and growing equity. + +&#x200B; + +Edit: I should have added that turning the place into a rental or a travel home is another option for step 3 in this idea. +I’ve considered a few different models for paying myself an income to live off of. I do tend to perform better and stay committed with quickly adjusting incentive, so I’m trying to think of the best model to pay myself while also encouraging long term growth / compounding. I’ll share some of the models I’ve considered, and ask, how do you decide how much to transfer to yourself each week/month? + +1. 0.33% of entire portfolio transferred out per month (this works out to 4% annually, reflecting the “4% SWR rule”). As the portfolio grows, so does my income. The income would be stable and change very slowly but encourage me to let the portfolio compound and grow, instead of rapidly increasing my lifestyle based on any short term success I may have from selling options. Each $100k = $330 per month distribution. + +2. Withdraw a percentage of collected monthly premium (maybe 50%?) Would probably need some criteria here to make sure the premium included is only on positions that have a favorable cost basis. + +3. Withdraw a flat amount monthly that covers expenses. Subjectively Increase the amount that I draw when I feel comfortable doing so, and don’t increase lifestyle until then. + +4. Some kind of combination of the above. +After nine quarters at the top, Tasmania has slipped to third position in the rankings of the best performing economies, according to the latest quarterly CommSec State of the States report. + +&#x200B; + +Victoria leads the economic rankings, closely followed by the ACT and Tasmania, with Queensland not far behind in fourth position, with little separating the top four positions. + +[https://www.commbank.com.au/articles/newsroom/2022/07/State\_of\_the\_States\_July.html](https://www.commbank.com.au/articles/newsroom/2022/07/State_of_the_States_July.html) +���� BankersDream + + + +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consist of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + + + +Upcoming Plans - DAPP is in the progress ATM, presale marketing was big, they filled hard cap in 50 seconds, and they are going to continue strong marketing + + + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + + + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + + + + + +📊 Tokenomics + +- 8% Reflected in PEG BUSD-T to all holders + +- 1,5% Liquidity + +- 2% Buyback and burn wallet + +- 4% Marketing + +- Anti-whale mechanism, no wallet can hold more than 8% + + + + + +📌BankersWhale + +- The first community idea which will be implemented into system is BankersWhale. + +- 1,5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +- 75% of the yield generated by fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +- 25% of the yield will be kept for further development costs of the ecosystem. + +- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +- Only BankersDream Holders will receive the participation in the yield! + + + +📌Roadmap + +2021 + +- Audit + +- KYC + +- Initial marketing + +- Pinksale presale + +- Pancakeswap launch + +- DAPP + +2022 + +January + +- CG listing + +- CMC listing + +- Major marketing + +- First community fund investments in the crypto area + +- Smart contract development for distribution of fund yield + +February + +- Community event + +- Start development on launchpad + +- Audit for smart contract that is distributing the yield + +March + +- Additional Certik audit + +- Youtube influencer marketing campaign + +April + +- Start developing merch store to additionally fuel passive income + +Late 2022 + +- Start of Launchpad + +- Starting development DAO to include "real assets" in the fund for the passive income (Real estate, Shares) + +2023 + +Mid 2023 + +- Launching DAO to include "real assets" + +- Certik audit DAO + + + + + +📌GOAL + +Their main goal is building a community and working on different passive income and volume generating streams according to the roadmap. + + + +- Transparency + +It is concerning and for some it may be a red flag when a team avoids speaking about certain aspects of the project or answering questions entirely. They said "Our focus towards transparency is straight forward: We have nothing to hide and we will do our best to answer all questions as in depth as possible. " + + + +- Activity + +An active team with the same goals will provide stability and quality project/community building. They look forward to bringing everyone together to make the right decisions on this journey. + + + +- Working with the community + +This is one of the biggest boosts a project can have. When the team is willing to work with the community, amazing things can happen. They like you to engage with them and let them know your favorite marketing strategies and suggestions on future projects. They also said "While we cannot realize every idea that is provided, we will work out the best plays for long term growth. We are striving to create assets which are worth holding for passive rewards and an ecosystem built around these assets to maintain the rewards. " + + + + + +📌Future + +What they said about their future : + +" Our future + +Of course we need to think of a way to generate the volume for the rewards. That’s why we intend to build an ecosystem around our tokens. Our plans are not fix yet, one big idea is a launchpad with a unique protocol. We will decide such things together with the community, it also depends on which way the whole crypto market is going to. If we see a better usecase for our tokens to implement and generate the reflection we will consider switching our plans. This freedom we still have due to being that early is great, so we can build the ecosystem fully on the needs of the crypto community. + +For now we are heavily focusing on a good market entry, building a community and marketing campaigns to spread awareness of this asset! " + + + +📢 Remember, it’s from the people for the people. + + + +Not mars, not moon but, to Neptune!🚀 + + + +Website https://bankersdream.org/ + +Telegram https://t.me/joinchat/WCLymc0zcA01Zjcy + +Twitter https://twitter.com/bankers_dream +new to this sub, and I am SURE this has been answered before but I would like to put my situation out for advice. + +I would love to day trade full time, even at my 9-5 I spend half the time talking about stocks and trading. for now I have no plan to quit my day job (90K/ year) but I would like to be making the amount per month that I COULD quit my job and live off day trading full time ( or just get to a point where I can retire early) + +I know the statistics. but I want to ask if my nest egg will help me be more risk adverse. + +in the last 2 years I have turned about 50K into 300K. some have been trades, GME, DOGE, others is just good timing, holding a lot of TSLA and Ethereum. so apparently buy and hold has been good for me. Some of that 300K is in Crypto, some in individual stocks, and some in retirement accounts like VTSAX/ SP500, + +I feel like if I were to trade with like 10K/ day I would feel tons of pressure to over perform. like I would need to make 5-10% in a day to feel successful, obviously pushing boundaries and taking risks. however, if I were to trade with say 100K or 200K, I could set super high stop losses and get out after say 1% per day. , making 1-2K / day . hell just 1K/ day (average) is 3x my current annual salary, am I crazy to think that half a percent per day average on 200K is doable? + +I feel like a big barrier to entry is guys going all in with 30K and then trying to get 20% out of that. instead of being conservative and making like a percent per day, again with a more conservative stop loss, get in get out. + +now, I am sure I am not the first person to think like this. which is why I've decided to ask. they say the first 100K is the hardest so maybe I am uniquely situated to have a leg up? +# Introduction: + +3M, previously known as Minnesota Mining & Manufacturing, might not be the most iconic corporation, however it is one of the largest in the US, in fact, they are one of the few companies actually still in the DOW Jones. 3M has been an incredibly innovative company since its humble beginnings, it currently holds over 118,000 patents. They are involved extensively in industry, worker safety, US health care, and consumer goods, producing over 60,000 different products, and operating in over 70 countries. + +Right now, 3M is organized into these four business segments: + +* Safety and Industrial +* Transportation and Electronics +* Health Care +* Consumer Discretionary + +# Company Strengths & Risks: + +Strengths: + +3M is a Dividend King with 62 consecutive years of increasing their dividend. + +3M has strong branding, strong control over a large number of patents and technology, and is a low-cost producer of good. The company is well diversified amoung its 4 segments, this shields them against cyclic revenue streams. Additionally, 3M is expanding rapidly into new emerging markets, and has been good at making small acquisitions that propel growth/product acquisition. + +Risks: + +The companies number of patents is also a disadvantage, it causes the company to have to allocate more money towards litigations. In addition to this, the low-cost good produced by other companies require 3M to be more careful with its pricing. Lastly, the products they produce have a life-cycle, so more money needs to be allocated to R&D to produce relevant and quality products. (Not that they have had an issue with this) + +# Let's Look at the Numbers: + +NOTE: Numbers are currently for November 2020 and are likely to change. + +|Current Annual Payout / Share|$5.88| +|:-|:-| +|Yield|3.46%| +|10 Yr Div Growth Rate|10.9%| +|3 Yr Div Growth Rate|9.1%| +|1 Yr Div Growth Rate|5.9%| +|Current EPS Payout Ratio|66.67%| +|Free Cash Flow / Share|$10.86| +|Revenue|$8.35 Billion| +|Debt / Equity Ratio|1.91 (Healthy)| + +3M has some healthy looking financials despite COVID. This has a lot to do with their diversification, while they have lost money in Industrials and Consumer products, they have buffered this with their exposure to Health Care, in fact the company is producing many of the N95 masks being used now. + +3M has very strong prospects for dividend growth. Their EPS payout of 66% indicates they still have quite enough wiggle room to continue increasing the dividend, and the 3, 5, and 10 year increases have been superb. They can be given a pass for their 1 year increase due to COVID. + +If fact, lets take their 3-year average and project that forward to guesstimate what their future payouts could be. (These are estimates! The actual payouts could be wildly different.) + +|Year|Potential Payout (Based on 9%)| +|:-|:-| +|2021|$6.40| +|2022|$6.61| +|2023|$6.84| +|2024|$7.03| + +# Takeaway/Final Thoughts: + +3M is an excellent dividend growth stock. The company has a wide moat, strong revenue, is smart with its acquisitions, and has healthier levels of debt compared to many similar companies. The company would be strongly recommended for any dividend/dividend growth focused portfolio. + +Please supplement this with your own research, there are more numbers out there, plus the company has an interesting history and it is worth reading up on if you are interested. + +For me, it is one of my larger positions. Don't take that and run though! Always do your own research and come to your own conclusions about whether or not you like and want to invest into a company. + +As always, thanks for reading, and have a good day/night! +I created an account on interactive brokers, but cannot seem to invest on SPX , it seems blocked to non-american users. +How can i do this? Any other broker suggestions? Can i invest if i do it in usd? +Thanks in advance +So we live off my wage at around £20-25k a year + +My wife runs a small sole part time business 5k a year. She'd have to pack up her business and leave. + +We live frugal, we get child benefit and DLA for our daughter. These things will fun out when the kids are 16 +They are 5, & 8 + +I have a terminal disease. I won't live long enough to secure a future for them. + +We have around £80k in savings isas etc and another £80k share in a Co owned rental property. My wife has made clear she wants nothing to do with inheriting it. There's 25k pension I have. We're both mid 30s + +We have life insurance covert for the mortgage so she'll have a roof at least. Plus a little surplus from the pay out. + +We have family income benefit but it'll only pay out until 2039 when the kids are in their early 20s. Assuming they leave home. + +It's after 2039 I'm worried about. She hasn't enough to live off and £160 k is not going to be enough. + + +What should she do, it's out of my hands but my heart breaks that she won't be able to afford anything after I'm gone. Just a cold house living on the bare minimum. + +She may find a new partner , I don't know. Small town there aren't dating opportunities. I want someone to financially look after her. Such an idiot thinking I'd live to pension age and she didn't have to worry about money. We took a gamble on one single wage, not deliberately and it back fired. We've been so sensible no debts, no bad credit rating. + +I've really messed up their lives. I hate thinking about her in her pension age in a house all alone with no heating and nothing to eat. Let alone the kids with no dad, no extra pocket money because they can't afford it. + +I'm sorry guys I know the future is unwritten I'm just in bits. Her parents don't earn a great deal so there's no financial support elsewhere for her. + +Edit Thank you so much for the help. I'm overwhelmed + +There seems to be raised eyebrows and subtle digs about mummy and daddy trust fund. + +No I, was unfortunate enough to lose a mother early and my dearest grandad for this money. I would have them in a heartbeat if I could for this money. For years I considered mum's money as blood money. I wouldn't touch it. + +My. Wife has scrimbed and saved since her early teens for 30k worth. She also doesn't have rich parents. + +I struggled to get much decent work after uni. Ony in 2011 did I, start making money for us and now it's all, laid in ruins. +While returning from a walk my wife and I stopped to chat with our Cul-de-sac neighbor. Her daughter has graduated with a pharmacy degree and she told us that she got a job lined up. She gets paid 50% of her wage until her professional cert comes through and then will be bumped up to 100%. I mentioned that coming from college her 50% pay will still be a big raise from what she's used to and that when she gets up to 100% she could keep living on 50% and save the rest. + +She had already suggested that to her daughter and then the conversation shifted to all FIRE. She knew about leanFIRE and fatFIRE and talked about her coming retirement but how her husband likes to spend. I'm looking forward to some more real life discussions (with no numbers) and learning how it works for them since they are about 12-15 years ahead based on them having one kid done with school and 1 getting ready to start college compared to mine in elementary school and preschool. + +Anyone else have experience discovering another FIRE follower in the wild? How'd it go? + +This is a throw away account for obvious reasons as my neighbor obviously follows this sub +In case you missed $DOGE, $SHIBA, $AKITA and so on, this one's for you! The insane gains holders of these tokens have seen are mindblowing, and we'd like to present to the community the next moonshot: MoonBud ($MBUD). + +&#x200B; + +Over at MoonBud, we also like to give not only to our community, but to the fellow four-legged friends we all love - this means that $MBUD is a charity token as well! Token holders will be able to use a governance dApp in order to vote for their favorite dog charity to donate to. The only projects that have done so far have market caps way in the millions, meanwhile MoonBud has a starting market cap of ONLY 55 THOUSAND! + +&#x200B; + +This is a project where LP tokens have been locked with DxSale for 1 year, meanwhile the dev tokens have been locked for 3 months- making a rugpull COMPLETELY IMPOSSIBLE! This is very rare as most dev wallets are used to provide funds for various expenses, as well as general profit taking. We hope that this shows the goodwill and long term interest the development team at MoonBud has. + +&#x200B; + +The tokenomics are also favor HODLers, as with each transaction comes a 5% tax. 2% is distributed to HODLers, 2% is transferred over to the charity wallet meanwhile the remaning 1% are sent to the burn address. + +&#x200B; + +Info: + +&#x200B; + +Total Supply: 1,000,000,000 $MBUD (1 billion) + +&#x200B; + +Sale price: 4,250,000 $MBUD per BNB + +&#x200B; + +Listing price: 4,600,000 $MBUD per BNB (4,400,000 in practice due to the tax) + +&#x200B; + +Dev Tokens: 5% (Locked for 3 months) + +&#x200B; + +Marketing Tokens: 2.5% + +&#x200B; + +Liquidity: 500,000,000 $MBUD + +&#x200B; + +Liquidity Lock: 100% for 1 year + +&#x200B; + +Contract: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +&#x200B; + +WEBSITE: [https://www.moonbud.space/](https://www.moonbud.space/) + +&#x200B; + +TELEGRAM: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) +Please remember Zen is not just a word, it’s a mindset. The stock price is effectively missing 7 digits so I don’t know what everyone is going nuts about. + +Don’t forget that MSM is going to paint anything it can as “the squeeze” and say it’s over before it even gets to $40. + +No cell, no sell. +Welcome back to my weekly $100k Wheel Portfolio updates! I'm posting an update video every Friday on my YouTube channel, and we're now on Episode 4! I didn't want to break any community guidelines by linking my channel, but you can find it in my Reddit bio, or by searching "Money Crow." + +I also plan to continue posting this type of update every Monday on r/thetagang. + +Since I began making trades on September 21st 2020, I'm currently up +$2,729 in this account (as of market close 10/15/20, 24 days). I only made 4 trades since my last update which is fewer than usual, but I'm still excited to share the progress! + +*Had a problem rearranging the pictures in the Imgur album again, the first pic (Update #41) should be the final pic. + +Screenshots, spreadsheet, and individual updates with a ton of information that I like tracking: + +Ep.4: + +https://imgur.com/gallery/nxidYcK + +Ep.3: + +http://imgur.com/a/9lI7T4R + +Ep.2: + +http://imgur.com/gallery/liQPVZ9 + +Ep.1: + +http://imgur.com/gallery/PP9lNH2 + + +As always, I appreciate any comments, questions, and suggestions. Thanks! + + +Here is the spreadsheet template that I use, in case any of you would like to make a copy of it and use it for yourselves. On the 2nd sheet, it also includes a calculator to help you reach annualized target rates. If you encounter any problems, please comment and I will try my best to assist. Also open to suggestions. +https://docs.google.com/spreadsheets/d/1ynGzkCEKH_YXemoHDkaqeBrWUIDHz8reN6O4mt5JMgc/edit?ts=5f7b9661#gid=0 + +*EDIT* EP.5 is up! +https://www.reddit.com/r/thetagang/comments/jip1rg/my_103696_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.6 is up! +https://www.reddit.com/r/thetagang/comments/jmxnqq/my_103948_portfolio_revealed_wheel_options/?utm_source=share&utm_medium=web2x&context=3 + +*EDIT* Ep.7 is up! +https://www.reddit.com/r/thetagang/comments/jr7sbw/my_103372_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.8 is up! +https://www.reddit.com/r/thetagang/comments/jvh5n8/my_103692_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share + +*EDIT* EP.11 is up! +https://www.reddit.com/r/thetagang/comments/k8z1uh/my_107170_portfolio_revealed_wheel_options/?utm_medium=android_app&utm_source=share +TLDR: rough draft of various ideas which are still incomplete, where I try to connect and make sense of how we arrived to where we are now. [Relevant prior post](https://reddit.com/r/Superstonk/comments/p08yqz/big_bigger_biggest_pt2_the_banks_are_drowning/) + +>“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 [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” + +>“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” –Thomas Jefferson + +&nbsp; + +[Exactly 50 years ago Today (Aug 15,1971) the US was taken off the gold standard. Since then, the dollar has lost over 85% of it's value.](https://www.reddit.com/r/Superstonk/comments/p51rh5/exactly_50_years_ago_today_aug_151971_the_us_was/) + + +&nbsp; + + +>“In fact this is precisely the logic on which the **Bank of England**—the first successful modern **central bank**—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or "monetize" the newly created royal debt. This was a great deal for the bankers (they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it) , but it only worked as long as the original loan remained outstanding. **To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist**.” David Graeber + +&nbsp; + +[80% of all US dollars in existence were printed in the last 22 months (from $4 trillion in January 2020 to $20 trillion in October 2021)](https://www.sofx.com/2021/12/28/80-of-all-us-dollars-in-existence-were-printed-in-the-last-22-months-from-4-trillion-in-january-2020-to-20-trillion-in-october-2021-tech-startups/) + +&nbsp; + +>Earnings don't move the overall market; it's the Federal Reserve Board... focus on the central banks, and focus on the movement of liquidity... most people in the market are looking for earnings and conventional measures. **It's liquidity that moves markets.** Stanley Druckenmiller + +&nbsp; + + +&nbsp; + +JPOW printed so much money that the Federal Reserve [stopped reporting](https://fred.stlouisfed.org/series/M2) on how much was printed. "Inflation is transitory". [They're Lying](https://www.reddit.com/r/Superstonk/comments/po7bxd/theyre_lying_bls_has_been_manipulating_the/): **BLS has been Manipulating the Inflation Statistics since the 1970's by taking out items from the CPI that rise too fast, since these items are "volatile". If you add back real FHFA House Prices- we're already well above 10% Realized Inflation!** + +&nbsp; + +>"That's what the owners count on; the fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that's being jammed up their assholes everyday. Because the owners of this country know the truth: it's called the American Dream, because you have to be asleep to believe it.” - George Carlin + +&nbsp; + +#The truth is, [Hyperinflation is Coming](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) +&nbsp; + +>The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Systemic risk within the US financial system (from derivatives) has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar). + +&nbsp; + +Ask yourself why is neither party talking about this? Because everything that comes out of their mouths is purposeful misdirection in order to steal(see GME) and extract as much profits as possible. Why is the government not doing anything? It's because they KNOW, and have known. Who do you think funds these politicians? The system is working just as intended. + +&nbsp; + +>“The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum....” + +&nbsp; + +>“The whole educational and professional training system is a very elaborate filter, which just weeds out people who are too independent, and who think for themselves, and who don't know how to be submissive, and so on -- because they're dysfunctional to the institutions.” + +&nbsp; + +The people who Adam Smith called the "masters of mankind," +and they're following the vile maxim, "**All for ourselves and nothing for anyone else.**" +They're just going to pursue policies that benefit them and harm everyone else. +And in the absence of a general popular reaction, that's pretty much what you'd expect. +Right through American history, there's been an ongoing clash... +between pressure for more freedom and democracy coming from below, +and efforts at elite control and domination coming from above. +It goes back to the founding of the country. +James Madison, the main framer, +who was as much of a believer in democracy as anybody in the world in that day, +nevertheless felt that the United States system should be designed, +and indeed with his initiative was designed, +so that **power should be in the hands of the wealthy... +because the wealthy are the more responsible set of men.** +And, therefore, the structure of the formal constitutional system +placed most power in the hands of the Senate. +Remember, the Senate was not elected in those days. +It was selected from the wealthy. + +&nbsp; + +>The history of all previous societies has been the history of class struggles. + +&nbsp; + +Can't you see it? [This is a "retail vs. Mega Banks" issue. The rich, and I mean all of Wall Street, are trying desperately to shut GameStop down because it has the chance to suck out trillions if not hundreds of trillions from the game they've played for decades.](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) We're fighting a class war, just by holding GME. + +&nbsp; + + +>“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” ― Warren Buffett + +&nbsp; + +>It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. - Henry Ford + +&nbsp; + +Another statement that I believe is true, is that crashes are planned. I'll give you an example + +&nbsp; + +>In 2004, Henry Paulson, the CEO of Goldman Sachs, helped lobby the SEC to relax limits on leverage, allowing the banks to sharply increase their borrowing. Basically, the SEC allowed investment banks to gamble a lot more. Investment banks would go up to about 33-to-1 leverage at the time of the 2008 crash. Which means if a 3% decrease occurred in their asset base, it would leave them insolvent. Henry Paulson would later become the Secretary Of The Treasury from 2006 to 2009. He was just one of many Wall Street executives to eventually make it into Government positions. Including the infamous Gary Gensler, the current SEC chairman, who helped block derivative market regulations. + +&nbsp; + +>The Government also then took over AIG, and a day after the takeover, asked the Government for $700B in bailouts for big banks. At this point in time, the person in charge of handling the financial crisis, Henry Paulson, former CEO of Goldman Sachs, worked with the chairman of the Federal Reserve to force AIG to pay Goldman Sachs some of its bailout money at 100-cents on the dollar. Meaning there was no negotiation of lower prices. Conflict of interest much? + +&nbsp; + +>The Fed and Henry Paulson also forced AIG to surrender their right to sue Goldman Sachs and other banks for fraud. + + +“Kenny was [in the room](https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/amp/) when bear Stearns and Lehman brothers were being sacrificed.” [OP](https://reddit.com/r/Superstonk/comments/sgke5a/_/huxk43k/?context=1) + +>Bear, in fact, was the only major investment bank not represented at the meeting, whose list of participants reads like a Barzini-Tattaglia meeting of the Five Families. In attendance were Jamie Dimon from JPMorgan Chase, Lloyd Blankfein from Goldman Sachs, James Gorman from Morgan Stanley, Richard Fuld from Lehman Brothers and John Thain, the big-spending office redecorator still heading the not-yet-fully-destroyed Merrill Lynch. Also present were old Clinton hand Robert Rubin, who represented Citigroup; Stephen Schwarzman of the Blackstone Group; and several hedge-fund chiefs, including **Kenneth Griffin of Citadel Investment Group.** + + +[the banks have accounts with the Fed much +the same way that you have an account in +a commercial bank so to lend to a bank +we simply use the computer to mark up +the size of the account that they have +with the Fed](https://www.youtube.com/watch?v=U_bjDAZazWU&t=15s) - Bernanke + +&nbsp; + +**[Nomura, JPMorgan and Goldman Sachs Received a Cumulative $8 Trillion from the Fed’s Emergency Repo Loans in Fourth Quarter of 2019](https://imgur.com/gallery/letXPSo)** + +&nbsp; + +>The Dodd-Frank financial reform legislation of 2010 ordered the Government Accountability Office (GAO), an investigative body for Congress, to audit the Fed’s alphabet soup of emergency lending programs conducted during and after the 2008 financial crisis. The GAO found that a cumulative $16.1 trillion had been pumped out to Wall Street firms by the Fed – at super cheap interest rates. The GAO provided data for the peak amounts outstanding and also a cumulative total. + +&nbsp; + +The Fed can just give money to banks just by changing some digits on a computer screen. You have a machine that can create money out of thin air(Fed), and a market maker(Citadel), who can create shares out of thin air. + +&nbsp; + +Let's say Melvin Capital needs a cash infusion and they are a client of Goldman Sachs. Goldman can ask for money from the Fed who marks up Goldman's account, and then Goldman marks up Melvin's account. See how easy it is? And you wonder why the MOASS hasn't happened yet. + + +&nbsp; + +One last point, is that the current president had a hand in the de-regulation of the markets + + +&nbsp; + +> Trident supported a baby-step deregulatory effort in the early 1980s, and then, in 1994, he backed a very big one: the Riegle-Neal Interstate Banking and Branching Efficiency Act, which eliminated the remaining barriers to where banks could operate. The law passed with overwhelming bipartisan support and was fairly innocuous in some respects, codifying changes that were already happening at the state level. But it opened the floodgates to an era of corporate consolidation. **Delaware’s financial institutions got another big boost in 1999, when Trident voted for the Financial Services Modernization Act, which repealed the Depression-era Glass-Steagall law barring banks from owning securities and insurance businesses.** By 2016, there were almost 5,000 fewer banks in the United States than there were two decades earlier, and the 10 largest firms controlled half of all banking assets. + + +&nbsp; + +Both parties are complicit. + + +&nbsp; + +[Neoliberalism – the ideology at the root of all our problems](https://www.theguardian.com/books/2016/apr/15/neoliberalism-ideology-problem-george-monbiot) + + +&nbsp; + +>Back in 1947, as the world was rebuilding from the destruction of the Second World War, a few dozen free-market ideologues met in a luxury Swiss resort to form the Mont Pelerin Society—an organization devoted to spreading the ideology of neoliberalism throughout the world. Their ideas—that the **free market should dominate virtually all aspects of society, that regulations should be dismantled, and that individual liberty should eclipse all other considerations of fairness, equity, or community welfare—were considered fanatical at the time. Over three decades, though, financed by wealthy donors, they assiduously expanded their plot for global domination, establishing networks of academics, businessmen, economists, journalists, and politicians, in global centers of power.** + + +&nbsp; + +>When the stagflation crisis of the 1970s threw classic Keynesian economics into disrepute, their moment of opportunity arrived. By 1985, with free market disciples **Ronald Reagan and Margaret Thatcher entrenched in power, they initiated a campaign to systematically transform virtually all aspects of life into an unrestrained marketplace, where everything could be bought and sold to the highest bidder, subject to no moral scruple. They crippled trade unions, tore up social safety nets, reduced tax rates for the wealthy, eliminated regulations, and instituted a massive transfer of wealth from society at large to the uber-elite.** + + +&nbsp; + +>Every time a new crisis **occurred of their own making**, such as the Great Recession of 2008, they took advantage of the mayhem they caused to double down on their power, and extend their reach even further, bringing the ideology of the marketplace into domains, such as education, law enforcement, or wilderness preserves, that had previously been considered sacrosanct. The Neoliberal conspiracy has succeeded in transferring massive wealth to the uber-elite. + + +&nbsp; + +[The Century of the Self - Part 1: "Happiness Machines"](https://www.youtube.com/watch?v=DnPmg0R1M04) + +The story of the relationship between Sigmund Freud and his American nephew, Edward Bernays. Bernays invented the public relations profession in the 1920s and was the first person to take Freud's ideas to manipulate the masses. He showed American corporations how they could make people want things they didn't need by systematically linking mass-produced goods to their unconscious desires. +It's my account. She forced me to go with her to the bank to add herself on my account. I didn't want that. Could I make it so that I'm the only one on the account again, without her consent? + +EDIT: Everyone has been very helpful, thanks!! Like most have suggested, I'm just going to make a new account and transfer the funds there once I move out -- that way I won't have to deal with the backlash when my mother finds out. +I understand the concept of buying companies for super cheap below book value, but I thought that you would need the premise that the company would at least survive. However to my understanding of cigar butt investing you target dieing companies like big5 or build a bear when they are priced extremely cheap. What I don't understand is how the companies price would ever increase if the company is headed down with its stock price. I know you want the price to be below what the value should be, but even in the event that you own 200 shares at the time of bankruptcy you aren't even entitled to anything even if the company had no debts, it's likely you will just get nothing. Buffet has said that if he were managing a few million that is the strategy he would use and that was the strategy that he used in the most successful point in his career. Do you need enough money to buy the company to profit from it going under and selling it for parts? Any examples of a modern-day cigar butt play that you guys could give me an example of? +Would you say that putting 100% of my money in BRK.B would be a safe place to put my savings and retirement? + +I was thinking that I'm not so good at valuing individual stocks, and don't want to deal with dividends on taxes (primarily because I'm a digital nomad and can be subject to the tax laws of other countries), and that just putting it all into BRK.B would be the best way to go for me. + +What is the worst thing that can happen if I simply let it all ride on BRK.B and treat it like a savings account? + +Update as of Jan 21, 2022, I'm currently all in on BRK.B, because I don't see any other stable options that do not pay a dividend. People keep suggesting the S&P 500, but it pays a dividend and so it's not something I can touch. +SIS Limited is one of the largest company in security, facility management and cash logistics services in Asia-Pacific. The company is the largest security solutions provider in India and Australia and is amongst the top 3 in New Zealand and Singapore. + +The company derives almost 50 percent of the revenue from overseas markets. The company has over 2,30,000 employees across the world. Along with providing physical security the company also provides command and control services, Closed-circuit television monitoring and entry automation. + +The company also deals in facility management i.e. housekeeping services, janitorial support, integrated facility management, HVAC maintenance and pest control. + +Indian Security Industry - The Indian Security industry has been projected to grow at a CAGR of 14.3% from Rs. 806 Billion in FY19 to reach Rs. 1,574 Billion in FY24 (Source: Freedonia Report on India Security Solutions and Facility Management, March 2020). Security services is a relatively stable segment, and is very unlikely to be disrupted heavily. The industry was classified as an essential service provider by the Ministry of Home Affairs during the national lockdown in 2020 due to the ongoing COVID-19 pandemic which also signifies it’s importance to the economy. + +SIS derives 38% from its Security Solutions in India business. Despite being the market leader in India, the company only has around a 4% market share of the overall Security Services in India which shows the massive potential for the company to gain market share. This is partly because over 65% of market share is still in the unorganized sector(from 70% in FY 2019). The shift to unorganized to organized sector is due to focus on compliance after the implementation of the Goods and Services Tax, stricter enforcement of minimum wage bill, and the Private Security Agency Regulation Act and the recently passed Labour Reforms bills which are likely to benefit SIS India over the medium term. + +The market consists of over 20,000 small to medium sized unorganized players and around 10 national players. Below are the largest players in the Indian Security space. The data shown below is from the prospectus and the numbers are a bit older however SIS is now the largest player in the Security Space with India revenues over Rs. 35200 million. + + +Further the industry is well diversified across sectors which prevents it from getting impacted from a downturn in one of the industry. Below is the sales mix for SIS Limited across sectors in India which showcases the diversified nature of business. + + +International Security Markets - SIS primarily operates in Australia, New Zealand and Singapore. + +Australia is a key market for the company, the company is a market leader in Australia with a 21% market share (CRISIL). The company has acquired the remaining 49% of Southern Cross protection(SXP) which is in the mobile patrol business in the previous year thus expanding and deepening their footprint in Australia. The Australian security market is expected to grow at 5%. + +The company has entered the Singapore and New Zealand Markets via Henderson Security Solutions (SIS owns 60% stake) and Platform 4 group (SIS owns 51% stake). The company is amongst the top 3 players in both the geographies. + +The international security market is a bit less diversified with Government (35%), Defence (12%), Commercial (10%) and mining (10%) being the key segments for revenue in FY 2021. Government was slightly higher due to one-off government contracts in the previous year due to Covid. + +SIS derives around 50% of revenue from its overseas operations (Australia, New Zealand and Singapore) + +Facility Management - + +The industry is forecast to grow from Rs. 1,055 Billion in FY19 to Rs. 2,328 Billion in FY24, at 17% CAGR. The market size includes housekeeping solutions, technical/hard facility management, pest control, landscaping, catering, and even solutions provided by OEM vendors under the service contracts. While this segment was impacted by the covid, the long term structural story seems intact for this industry as a whole. + +Of the total industry - 62% of total market comes from cleaning services and 10% comes from pest control accounts. The balance comes from the other industries. + +The company is the second largest facility management services company in India. IT (25%), Pharma (19%), Commercial offices (23%) and manufacturing (10%) contribute over 77% of the total facility management for SIS. + +The company also is the second largest company in the cash logistics segment in India. + +The facility management contributes around 12% of total revenue of SIS. + +Key strengths for SIS Limited + +Mergers and Acquisitions - The company has a terrific track record of mergers and acquisitions. The acquisition strategy is to gather/ consolidate market share by adding (new geographies or existing geographies) or add new capabilities (entry into healthcare/ pest-control etc.) + +The company acquired Dusters Total Solutions Services Pvt Ltd’s whose revenue grew at a CAGR to 23% during FY17-FY19 compared to 11% pre-acquisition (FY13-FY16) and EBITDA grew at a CAGR of 58% compared to a CAGR of 33% pre-acquisition. Southern Cross Protection Private Limited was another acquisition where post acquisition growth was higher than pre-acquisition growth. + +The New Zealand business has grown 5x since the JV with Platform 4. + +Unorganized to Organized shift - The Indian security market is largely unorganized (60% market share) and the shift to unorganized to organized is gradually happening due to increasing economic activity and GDP growth leading to need for improved security, growth in wages, increased threat from anti-social elements and terrorist outfits, societal perception on threats and awareness on security, asset creation –real estate and infrastructure growth, and premiumization and hybrid solutions. + +Despite being the largest player in India, SIS still only has a 5% market share compared to 15-20% in more advanced economies. + +India also has the lower per capita security expenditure almost 6x lower than other emerging market countries like Turkey and South Africa. + + +Track Record - The company has a terrific track record with revenues growing at a 5 19% CAGR over the last 5 years despite the covid year. The company has also maintained a ROE of over 20%. While growth in Australia is expected to be slower at around 5% , the Australian entity generates terrific free cash-flows and has a higher return on equity of over 40% which provides a good balance to the Indian unit which is expected to grow much faster. While growth is still expected to come from Indian Security and Facility management business, a presence in the more developed economies provides stability and also gives an edge in terms of technology to the company. + +Networking Benefits & New Age business - + +The company across Security and Facility management have identified that almost 90% of their clients are engaged into service contracts with the company for only 1 service. The opportunity for cross-selling is high and this can leads to networking benefits playing out for the company. + +The company has entered into alarm monitoring system and other I.T. based security which has grown very reasonably. This also showcases company’s capabilities in technology and a vision for the future. The market for security and automation solutions is very huge as evidenced by Apollo Private Equity’s buyout of ADT for almost 7 billion USD in 2016. . + +Key Risks - + +Acquisition costs - The company has to acquire Southern Cross Protection and Henderson Security much earlier than expected as the promoters of the companies enforced their right to cash out early. The acquisition of Southern Cross Protection resulted in a cash flow outflow of over 203 crores, similarly Henderson Security has also enforced the same which will result in a cash outflow of around 230 crores in the near future. While the company expects almost 85% of growth to come organically and inorganic investments are unlikely to happen in the near future, the fact that the company may need to dish out high sums of cash -flow can put a possible dent in the financial performance of the company. + +Lower Growth trajectory of the overseas subsidiaries - The Australian company is not a very high growth company with the expected growth rate to be in the range of 5%, last year’s growth of over 20% was an anomaly due to government contracts due to covid and the same will be seen in the current year’s financials. + +There has been a management change in Henderson Security (Singapore) and the business has not done very well during the Covid times and the earlier management has moved out after their cash out and SIS has appointed new management to takeover the business. There still lies a bit of uncertainty of how quickly the company can restart growth in the Singapore markets which can provide a drag on financials especially as the company has been acquired at relatively high valuations. + +Conclusion / Disclosure - SIS is the only security related business listed in India with a terrific track record by the management. As per the latest data, the security business in India is operating at pre-covid levels and facility management is operating almost at around a 95%. In the absence of a third wave, the company can restart it’s growth trajectory from Q2. + +As per vision 2025, the company expects to double market share in 4 years while maintaining over 20% ROCE, signaling a potential growth of around 19%. While growth expectations can be taken with a pinch of salt, the stock still trades at a relatively valuation of around 18 PE, when compared to other staffing peers. + +Disclosure - I currently do not own SIS, however it is in my watchlist. +**1 - e4** + +2/19/20. The S&P hit all time highs at 339. Everyone was making tendies. Finally, after having diamond hands, our 3/20 200c MSFT start to print. All was good. + +2/20/20. Massive selling happened midday. Autists were confused. We rallied back later in the afternoon. BTFD. SPY closed from 337.74 to 336.95. + +2/21/20. SPY opened 335.47. SPY closed 333.48. It's Friday. Didn't you know autist? Friday's for the past 3 weeks have sold off before rallying. Monday is going to bounce, then power up through the week to new highs. BTFD. + +***If you haven't realized it yet, the MM already have made their first move.*** + +**2 - Bc4** + +In my [last post](https://www.reddit.com/r/wallstreetbets/comments/ffh9cd/why_volatility_is_here_to_stay_the_market_will/), I described the fastest correction since the 2008 financial crisis, why volatility is here to stay. I also describe exactly why we started to be **range bound between 313.84 and 284.82** after the selling climax and the Fed's emergency 50 bps point cut. + +[SPY 1 Yr\/1 D](https://preview.redd.it/385fc7sraxl41.png?width=2104&format=png&auto=webp&s=bc95310e0f63605c114dc428da8c17e2df0f68f6) + +2/28/20 Friday. After dropping for almost an entire week straight, we reach near the 2019 October low, shorts cover heavily, and we pump back up to the 250% retracement at 293.15. All is good, just a beer virus. JPow is going to save us! + +[SPY 10 D\/30 min](https://preview.redd.it/50gm1e7gexl41.png?width=2104&format=png&auto=webp&s=c5c97bfe05ac03c7384eebac0b4599ed0236bec7) + +3/2/20 Monday. After making some solid gains, the Fed announced emergency cuts. We rally for 30 min. We're still staying in this uptrend channel. Seems like we made some new resistance at 285. + +[SPY 5 D\/15 min + overlaid with SPY 1 Yr\/1 D, volume indicator, and RSI](https://preview.redd.it/cgrccro6gxl41.png?width=1986&format=png&auto=webp&s=5f89a65a6b63ea92c549ec4204def51a68e3f2d1) + +3/6/20 Friday. All indications suggested that we were nearing the bottom of the channel at 285 to retest the lows and start forming the bottom or base. RSI was below <40 consistently, volume was slowing on the selling side. On this day, we entered extremely oversold territory. + +Like clockwork, at 3:30 pm EST, shorts start covering heavily as indicated by that large number of white candles in the bottom right corner. It's going to be alright, we are going to get our YUGE rally on Monday like last time. Wait. Like last time? Like on Friday 2/28/20? + +***If you haven't realized it yet, the MM have already made their second move.*** + +**3 - Qh5** + +[SPY 10 D\/30 min](https://preview.redd.it/rz5srd0uhxl41.png?width=2098&format=png&auto=webp&s=097544b835ba4b59b2641d64836b6fad956d2d55) + +3/9/20 Monday. Futures in during the night limit down. No matter what, everyone with calls at open is absolutely screwed over. The 7% circuit breaker quickly follows 4 min in trading. + +As I previously stated on 3/5/20, Sunday, when I made my first post: + +>Due to this uncertainty and with additional bad news expected over the weekend, I believe we are going to still face more downside as we close near the 285, before having another large rally to the upside. + +People are panicking, people are buying puts, puts, and more puts. Surely it will hit the 20% circuit breaker today, if not sometime this week? We end the day at a lower low. + +>Retest of the -5% at the previous 285 was rejected. Ended lower than -7% circuit breaker and even below the August 2019 low at 273.09, creating a sign of weakness. Larger sell volume present in the final hours of trading. Most likely going to continue to the downside, but still expecting a bounce which will be used to shake out people holding their puts. + +***If you haven't realized it yet, the MM already have made their third move.*** + +[3\/9\/20 Options sales on SPX](https://preview.redd.it/9fix47h5jxl41.png?width=2788&format=png&auto=webp&s=d8571ae5356e1b666b2cd4001b602456970bcba0) + +Closely after the 7% circuit breaker, MM were buying tens of thousands of SPX calls. Look at some of them and their price. What about treasury bonds at an all time high? Note that many of these were bought around 2 or 3 pm. + +[3\/9\/20 Options sales on TLT](https://preview.redd.it/09jtvhfzjxl41.png?width=2788&format=png&auto=webp&s=1a2d889a81636eb6be80aef630c0cd8c858578ca) + +>Another contrarian indicator given the price on Friday action. Even though we have hit -5% in /ES and passed 2850, there's actually tens of thousands of puts OTM purchased on TLT during Friday. Now that begets the question, if treasuries are the safe haven asset as more people are selling \[equities, which should drive up TLT prices\], then who is buying these puts? + +**4 - Qxf7** + +[SPY 5 D\/5 min](https://preview.redd.it/n04az9b7lxl41.png?width=1444&format=png&auto=webp&s=e8d10013cba8c3f160fa37e1c676ec053852229d) + +3/10/20 Tuesday. Futures during the night limit up. Anyone who bought puts yesterday are screwed. Calls, autists, buy more calls! Bear r fuk! + +We start plummeting to retest our new low of 270.27, stopping just short of the June 2019 low at 273.09. Bull r fuk! Suddenly, we start rallying. It's the Fed. Pump JPow, pump it harder! And just like that, we are back into our 285-315 bounded trading range. + +Hang on autists. Aren't a lot of drops on Monday? I keep hearing black Monday. We got a nice rally on Tuesday. Well, we are back in our trading range, things should be okay. 285 should be our lower resistance. Lot of people watching these charts seem to agree. Has this happened before? + +https://preview.redd.it/f62bup1llxl41.png?width=720&format=png&auto=webp&s=a21446d89e7a2d638825bcdb8fc01935dd539119 + +What's going to happen tomorrow on Wednesday? Well... + +***If you haven't realized it yet, the MM already have made their fourth move.*** + +[3\/10\/20 SPX options sales](https://preview.redd.it/mcog9fz9nxl41.png?width=2784&format=png&auto=webp&s=3df2ce64d818f79814f73e023c23db9a6cea9386) + +Notice the large amounts of calls early in the morning. This was right before the low at 11:30 am this Tuesday. + +Now look at the insane amounts of **0DTE FD puts for March 11 tomorrow.** Just for reference, 5000 SPX FD puts for tomorrow at a premium of 22.70 is $11,350,000. There are more than >60,000 of these puts. + +What about treasuries? Notice those massive amounts of puts purchased right before 11 today morning before the rally back to 285. Now notice how many calls were bought right before close today. + +[3\/10\/20 TLT](https://preview.redd.it/6qoj7tzwnxl41.png?width=2784&format=png&auto=webp&s=4bc90ff9c0274baae08feaedd9370fdad9af4494) + +**tl;dr Tomorrow is going to be a blood bath which has been set up for almost 2 weeks now by MM. Checkmate autists.** + +**3/10/20 Update 1** \- Futures down already -1.5% at 8pm est. + +I'll update more on why tomorrow was chosen. MM were already planning contingency plans or splitting up trading teams in different areas last week. Also, the college aged children of these MM most likely got notifications that universities were closing this week. People at Morgan Stanley and Barclays also have gotten sick from coronavirus. National guard deployed in NY. It hit close to home. + +Just a quick edit. Every single firm has done their own internal calculation of number of cases in the USA already and how quickly it will spread. Most MM agree the market will go down significantly more. They are taking advantage of the vol to take as much money from people as they can. + +**3/11/20 Update 2 7:55 am EST** \- Think we open near 277, the August 2019. Sets us up for 273, the June 2019 low and the 269 low from Monday. This lines up with those 275/276/280 put strikes bought yesterday, locking instant gains. + +I'll post my positions and plays here during my updates around 11 and 3:50 before close. If you do not have the capital to day trade, be very careful of your positionings, intraday is brutal these days. The most important setups are for the next day, and also 4/17 April puts. Don't buy the puts on a down day, wait for a bounce if you aren't in already. + +Going to sell my SPY puts, TLT calls at open. Probably keep holding my VXX calls and GLD shorts. Don't have too much time to do intraday trading today. + +[3\/11\/20 SPY updated chart before open.](https://preview.redd.it/150odcsci1m41.png?width=2090&format=png&auto=webp&s=869c72f7b4027c3cc5ccf6a1675d01b888c3f5d5) + +Here's what's going on. 285-315 was our initial trading range. We rallied back to 285, but significantly fell below. 285 is the new resistance now. We are in between 269-285. We need to test 269 to see if that is our base. If we fall below 269, we are in a new trading range. And yes, I think we will go down to 269. + +Selling all SPY puts, buy volume super strong. VXX going down, TLT going down. + +9:50 Almost 10,000 SPX puts just purchased. Strikes between 269/280. Downtrend selling will continue. We are going to test 269 today. All 0 DTE. + +11:40 More trades on puts and looks like straddles for SPX. + +https://preview.redd.it/bg22aqg2d2m41.png?width=2840&format=png&auto=webp&s=1d7b1660b3d352d77836eb7b4a95f2a7f0b925f1 + +TLT decreasing, might possibly be a bounce mid day. + +Be careful! + +2:10 - Probably going to be shorts closing their position and a squeeze soon. If you made some profits I'd lock them in, unless you have longer dated puts. + +2:55 - Bought some call options. Haven't seen big blocks yet. But I'll post the data if I see them. Usually they buy within the last 30 min. + +TLT going down. Looks like they are starting to liquidate some cash to get ready for some buying. + +3:10 - Insane. They really are going to bring it down to 269 to be in the money. + +3:30 - Shorts starting to cover. TLT down 1%! + +3:40 - Still not seeing any call big blocks. I hate these guys honestly lol. We might have more downside tomorrow if theres no big blocks. Might need to sell these calls soon or tomorrow at open + +3:50.- I see some doubling down on puts. Keeping their positions. + +Thinking red day tomorrow. The games man. The games. + +Short cover is a bull trap. More doubling down of puts. + +4:00 - Im peaked. I'll write a short update with a chart explaining their moves today. + +================================================================================= + +[3\/11\/20 SPY](https://preview.redd.it/ykh3xedea5m41.png?width=1680&format=png&auto=webp&s=f98f1e05f68d3b66ca1de45fdb717cae84950c9f) + +Quick update, seems like it's pretty clear what's going to happen tomorrow. So how did they do it? Previously they broke back into the 285 channel, which I mentioned was a fake out. People were selling their puts due to being caught by the sudden rally to the upside. Since we broke back into the 285-315 trading range, people thought the next day would be green as well. Calls, calls, calls. + +Like I mentioned before, most of the price action happens before the open. To position, you need to buy the puts/calls before on the cheap, that gets you a nice 20-30% if you time the entry well. Overnight, futures tank and break below into the 281 and 276 channel. Futures instantly lock you now 60-80% gains. I previously mentioned how a lot of this was setup to position the drop to 269, which was the strike of most of the 0 DTE puts. About 30 min before the cash open, we pump like crazy to near the 281 channel. Hint: this was done to buy even more 0 DTE puts. + +[3\/11\/20 Options and Sales](https://preview.redd.it/a3n79ss7c5m41.png?width=2838&format=png&auto=webp&s=3f67b2d0f014602fd9f9c7813de50457c9ee7fb9) + +SPX put after put was purchased within 9:50 to 11. Notice those 0 DTE puts. Look at how many there are. Close to 15,000. Let's just take the transaction at 9:48. for the 2805 put 2154 x 100 x $36.06 = >7,000,000. Once they loaded up, price action brought it down to 276. I noticed TLT was bleeding off, this is a good leading indicator to show that liquidity is being drawn and going to be placed somewhere. I said to be careful at 11:40. We bounce hard at 11:55. Why? + +Look at who bought more puts at 11:30-11:55. These were combined with calls to form a straddle. But more puts were collected from people who sold and capitulated. But we didn't have enough momentum and sell volume. Oh wait, let's declare the pandemic now. How convenient. We start selling furiously, break 276, smash through 273, and are within striking range of 269 at 270. + +This is where it gets really annoying. Shorts cover. There's a huge bounce. What did they do? 14:39, more straddles. They knew volatility will increase. Stay delta neutral. Now it's near close, around 3:40. I don't see the big blocks. What are the next moves? TLT was decreasing. There's more liquidity, when are they going to buy calls? + +[3\/11\/20 SPX options and sales](https://preview.redd.it/wpgs8pybe5m41.png?width=2838&format=png&auto=webp&s=01553a638c0c0d2fcc59f0971b67e746b7360c16) + +Look closely at the times. For example, 14:11, massive put buying. But broken into two parts. They started hiding their blocks by breaking them apart so they don't appear as high when people scan. This was right in the middle of that short covering. 15:02, 15:03, 15:17 massive put buying. + +They sold TLT to look like they were putting money back into SPX when it was simply shorts covering. People using that indicator got duped into buying calls. Meanwhile these guys were doubling or even tripling down on more puts and accumulating losses on the move up. + +So how low do we go? Simply, I don't know. We smashed through 269. We might easily hit another circuit breaker. I think the next price target is 250.8, the next fib retracement. We have a few more supports. + +Anyways, guys, take care of yourselves. These days are rough. And people will be hurting and losing on retirement or jobs. Protect yourselves, and help others. Have a good night. + +================================================================================= + +3/12/20 Update 3 - will post updates here. + +Please set limit orders when we hit a circuit breaker, the bid and ask will intentionally be set wide to front run and give you a bad fill if you place a market order. + +9:37 - High possibility of possibly hitting the second circuit breaker today. + +10:02 - more buying of puts. Gold drawing down. Don't see too much in treasuries. All the pieces have been set. + +https://preview.redd.it/26iqjz1859m41.png?width=2838&format=png&auto=webp&s=56222fe9303ad868c519e5ceba55f26971ac0f16 + +See the put buying especially after 10:00. The calls are equally matched by puts, forming straddles. Ignore the super OTM puts. Look at the ones closer to the money. Mostly puts. + +Closed gold puts. + +11:00 - bought VXX calls and more SPY puts. **Follow these with caution.** + +I think some firm got duped and got stuck with tens of millions of dollars worth of calls. They're going to start liquidating gold and TLT and try to prop up SPX to stop the bleeding. + +HUGE block 6000 puts, 2300 strike. Ruthless. Simply ruthless. + +12:15 - sold all my SPY puts. Hit my 251 target. Sold VXX calls. + +Just have GLD puts. Waiting for near close today. + +1:25 - Fed just announced QE, full nuclear option. Just for reference 500 billion is all of Q1 2019 QE. Fed is pumping more than 1.5 trillion into the markets. Waiting to see who blinks first. + +2:25 - Getting a few calls. Expecting a run up, and most likely a respositioning to puts near close end of day. + +Just for reference, tons of calls on SPX but even more on SPY in comparison to balance out. These indices shouldn't have such a large dichotomy. Whoever blinks first... + +3:00 pm - closed SPY calls. I saw huge orders of VXX calls. The SPX calls most likely just sold to bagholders. The real accumulation is in SPY puts. Be careful. + +3:05 - Bought SPY puts and VXX calls. + +3:15 - This is what's going to happen. We are going to have a nice run up near end of day, as shorts cover, and TLT draws down. What's happening behind the scenes is that SPX OTM calls were sold to confuse people. What's really happening is they're buying near OTM puts around 230-253. + +Tons of VXX calls bought. This is the key. There are tons of SPX calls far OTM sold, and tons of near ITM SPY puts accumulated the past few hours. Who is right? SPX or SPY? + +3:30 - 12,000 SPX puts just purchased. + +3:40 - I have SPY puts, VXX calls, GLD puts. Tomorrow is going to be the storm. + +================================================================================= + +4/12/20 Update 4 - Sorry, I know this post is getting kind of long. I just want to keep adding to here because I have no idea how long the next post will take to get approved. Want to get this information out as soon as possible. I'll make a post this weekend describing today's price action. I think it revealed a lot of information and why tomorrow is designed for a big drop as well. + +https://preview.redd.it/1gsfcyjfmcm41.png?width=2122&format=png&auto=webp&s=84a4cfbd6b5d8c8504d9245cdfc208c92eb4f39b + +233.8 is the December 2018 low. I think that is the lower end of tomorrow's trading range. A few days a go I said we would hit 269 and we did. Then 250 or 247.8, depending on if you're looking at /ES or SPY. Look at the red spikes of the last trading day. The sell volume is strong. There is still panic. + +I have a meeting unfortunately from 3-4pm. So most likely I will just sell as we close near that December 2018 support, and go full cash into the weekend. I probably won't enter trading until Monday around 3:50 pm as per usual. + +3/13/20 4:15 am - I keep getting pinged about the futures. I'm just gonna leave this here. [https://www.youtube.com/watch?v=gMShFx5rThI](https://www.youtube.com/watch?v=gMShFx5rThI) + +"What's important when you're in the hedge fund mode is to not do anything remotely truthful, because the truth is against your view, that it's important to create a new truth, to develop a fiction." + +"You don't want to raise in May and cut in January, you look like Mexico for heaven's sake. I mean this is like a distinguished group of people who went to really good schools. They don't want to look like dopes." + +Based on the price action yesterday, based on the buying of those SPY puts, the selling of those SPX calls, the fact that constantly every single time there is some game in this week of trading, I believe that there is more going on. Sure, I may be wrong about the market today. But my position sizing will not blow up my account. Regardless, Wall Street wants 0% rates. The only way to do that is to scare the Fed. Who is really in control of the rate cuts? Who throws a fit when things don't go their way? Who is willing to take anyone down on their way when they got caught with their pants down? +