diff --git "a/reddit_finance_43_250k_149.txt" "b/reddit_finance_43_250k_149.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_149.txt" @@ -0,0 +1,10000 @@ + +&#x200B; + +&#x200B; + +Thank you so much for reading this entire post! Am I missing things? What am i forgetting? Is this a decent plan? What should i do with my investments when i want to buy a home in 4-5 years? + +I'm looking forward to the comments! + +&#x200B; + +Have a good day, + +Milati +I have this question in mind too, that gets asked from time to time, "What do we contribute to society?". Many answers can be given to this, but please read on, this is not what I want to ask. + +What I'm curious about is how do other people react when you tell them you're a trader? Do you feel any backlash, any negative reactions at all? Or is it the opposite, do they think it's cool and interesting? + +**What is your actual experience living life as a trader? Does it affect how You relate to others, or how others relate to you in any way?** E.g. your friends, family and strangers. + +**It would be particularly interesting to see answers from those who had regular jobs or 'meaningful' jobs in the past, but now live off of trading full time.** Did you notice any changes in your overall psychology outside of work, and how you relate to people? Did you notice any changes in how you are perceived as a person? +Browsing reddit, see a lot of people asking what sell walls are, and an equal number of people giving a poor explanation of their actual purpose. I was going to reply in a comment, but I feel that a lot of people can benefit from a short write-up on them. + +#What is a sell wall? + +A sell wall is a tool used by a rich individual,or group of rich individuals, to manipulate the price of a stock downwards. A large sell order is set at a specific price by the whale(s) to prevent higher sell orders from executing. + +A sell wall looks like this on the depth chart: http://brettwestbrook.com/wp-content/uploads/2017/07/Screen-Shot-2017-07-12-at-12.58.10-PM.png + +###How does it work? + +This is best explained as an example. + +A wealthy person, we will call him Richard, tells a group of his wealthy friends that he wants to make money on a particular stock. This could be for a number of reasons such as: + +* The stock has a lot of room to grow +* The stock can be easily manipulated +* The stock has a lot of potential to get big in the near future + +Richard and his friends decide that it's a good idea. They all want 1 million of X cryptocurrency. *Unfortunately, in the cryptocurrency market Richard and his friends can't execute all the buy orders at once or the prices will skyrocket!* + + +To achieve 1 million obtained goal, they decide to set up a sell wall, and manipulate the price downwards. They do this in steps: + +1. They accumulate together. They will maybe get 250,000 of X crypto each. In their specific market, this didn't affect the price that much. Great! + +2. They now set a specific price they feel is low enough for them to be able to reach their 1m X crypto goal. For this particular crypto they decide to all sell their obtained crypto at $2.40. + +3. Now, between Richard and the group, there is >1 million dollars worth of X crypto selling for @2.40 on the market, a seemingly undervalued price.There is SO much volume being sold now, buying pressure cannot eat through that wall in a reasonable time frame - it would take a very high buying pressure to do so. + +What also happens next is the key: nobody else can sell above that sell wall price until it's gone. The result? People need to sell lower than the sell wall in order to liquefy their stock. This drives the price downwards. + +Richard and his friends can now safey all get to their 1m X crypto mark without raising the price exponentially! When they decide to rid their sell walls the price moves up accordingly! + +##How can you use this to your advantage? + +A common thought is that the main goal of a sell wall is to instill fear into the weaker hands so that they sell by the thought that "Oh no everyone is selling!!" While it's not the main purpose, it probably does happen a little bit. People get nervous when things a large volume of crypto is being sold. + +As Warren Buffet said: *Be Fearful When Others Are Greedy and Greedy When Others Are Fearful.* + +For a real life example: + +VECHAIN. + +For those that don't know, about a month ago vechain was sitting around 29 cents. They had a pretty large announcement that was, yes, front page of reddit. The price nearly doubled to 70 cents (it actually happened right before the announcement). + +What happened after? Some people bought the rumor and sold the news. But, this news was really big. Masternodes, rebranding, big partnerships. Ask any VEN holder why the price didn't continue to rise after that and they will probably know why - price manipulation with sell walls. + +Such as: https://i.redd.it/bjaubsgn04601.png + +VECHAIN has had a lot of new partnerships, announcements, and generally great news to propel the crypto further, but has been held back by these sells walls constantly. Just recently buying pressure has been very high and the whales have been having trouble controlling it they way they would like. + +That's a real example of what has been happening. Take a look at roadmaps and see where different projects are at in development. Are any projects getting seemingly great news without moving in price? + +What about REQ? We saw a couple of front page posts about REQ moving to main net, quality pictures from the UI, etc etc. REQ was fairly stagnant around 30 cents before slingshotting to 80 cents in nearly a day. Sell walls and price manipulation.This field is speculative so any news drives buying pressure. Unfortunately, the very wealthy have a say as well. + +Look for great projects and determine if they solve a need. Look to see what's hitting the media's spot light, such as the front page here. **THEN take a look at the depth charts on the exchanges.** In crypto anything goes, and you better believe the very wealthy have difficult to obtain knowledge. When you see these obvious sell walls, you want to investigate and try to identify any trends. + +Perhaps you can look at **volume** of a cryptocurrency. A stagnant crypto with LOTS of volume is a huge indicator, sideways consolidation. Ripple did this for a few weeks, even months at certain stages. + +Once you find one that looks good - **you'll need to hold at the mercy of the whales.** Trust me, they want profit more than you do. The wait is almost always worth it because price will rise very rapidly once selling pressure is completely abolished. + + +Hope this helps guys. + +P.s. I’m not a financial consultant, this is just helpful information or fun facts if you will. +Guess what Lowe it is not a surprise to the rest of the World and I will give a hand: + +- Unemployment will keep rising +- People wont be spending more because they are full of debt +- Tax cuts wont do anything because money will go to paying more debt +- Don’t ask businesses to invest or hire more, they won’t do it and they will keep the tax cuts for themselves +- Banks around the World are reducing interest rates more aggressively and they are ahead of you + +Lowe, hope this helps smoothing your surprise and you can use this for your next speech +Hi all, + +I’m currently looking at the best options available to me to achieve my goal of retiring in 25 years, at 55 years old. + +First of all I put 5% into my workplace pension (salary sacrifice) and to get the maximum employer contribution of 10%. I’ve also moved the pension to the adventurous lifestyle tracker (Royal London) to try to maximise my potential gains. + +So I’ve been looking at 2 options that I believe are available to me: + +1) Increase my pension contribution to 15% so that’ll give me 25% in total each month. If this grows by 5% per year this would give me around £500k when I’m 55 years old. If it’s not where I want it to be I could increase contributions further for a few years. + +2) Leave my pension contribution at 5% and put £250-£500 a month into a Vanguard LifeStrategy 100% Equity Fund ISA. If this was to return 10% a year (looks feasible from previous results) this would be worth £400k plus a minimum of £250k from my workplace pension. I would then combine both of these (if possible) in a low risk fund and take what I’d need to live on while it (hopefully) continues to grow. + +Sorry if this seems unachievable, I’ve based it on my very limited knowledge so would be very grateful for any further advice given on how I can achieve this. + +Cheers +First time out of ISA, so please be kind 😁 + +I'm thinking to buy some world tracker on margin for long term. Thinking of IBKR? Planning to start small 2-5k.. + +1. How does £-$ FX work? They have ETFs in £ or U buy dollars on their platform? + +2. Will I have to file self assessment every year even if I don't sell? + +3. Is ETFs on margin better than leveraged ETFs for buy and hold? Why? + +4. Should I just create an account and play around or it will cost me money if decide not to continue? + +5. Any other advice? +Hey uk bois + +What's everyone's view on post covid situation . Personally I'm looking into the aviation and cruise company's to hopefully pick back up. Also I'm I stupid in thinking the FX market will see a rise due to the currency trades in the summer time ? + +Just speculation from a dumb fuck but would love to hear other people's views +**SpaceCorgi** - More than a meme - Has actual utility - Partnerships with major Pet Service iOS/Android apps. + +There is a lot of FUD around BSC tokens because of Elon and Vitalik. A lot of that is around dog tokens especailly, and there is good reason to be weary. But this is r/CryptoMoonShots and **SpaceCorgi** has actual potential as a 100-1000x coin. Here is why I'm going big on **SpaceCorgi**: + +💥 Major pet partnerships from day 0. They have a major partnership with the [biggest iOS/Android dog waste removal app](https://scoopers.club/2021/05/05/80640/). Scoopers even has an online shop coming that will be completely powered by $SCORGI: https://www.youtube.com/watch?v=y3Ts_xKTrTE + +With SpaceCorgi's partnership with Scoopers.club, just look at similar projects that once started from zero: + +- Chewy: MC = $29.7billion + +- Wag: MC = $800 Million + +- Rover: MC (estimate) = $1.4billion + +- Petco: MC = $6.3billion + +Imagine passing on any of these companies in their infancy if you had the chance. Remember that SpaceCorgi has TRUE UTILITY. + +💥 The dev team is incredibly experienced. They had some of the fastest CMC and CG listings I've ever seen and that is with all the congestion that so many shitcoins have caused. One member of their dev team is also recognized on a Forbes list. Their identities aren't public yet but they plan to announce after the first Centralized Exchange Listing + +💥 Honestly, how well the community and dev team have held up in the past few days when BTC and ETH have dropped so much is enough to convince me that SpaceCorgi is a long-term play and here to stay + +💥 I've seen a lot of TikTokers mention SpaceCorgi and honestly that's how I first heard about SafeMoon, so maybe I'm biased but I think that is a good indicator of turbo chad market caps. Dev team says they have a bunch of TikTokers and even celebrity shout-outs scheduled for this week. + +💥 First AMA is this week + +**DYOR** I am not a financial adviser. + + +Website: https://spacecorgi.finance + +Subreddit: r/SpaceCorgi + +📈CoinGecko: https://www.coingecko.com/en/coins/spacecorgi + +📱Telegram: https://t.me/SpaceCorgiDiscussion + +✅Contract Address: 0x5a81b31b4a5f2d2a36bbd4d755dab378de735565 + +🥞Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5a81b31b4a5f2d2a36bbd4d755dab378de735565 +\-------------------------------------------------------------------------------------------------------------------------------------- + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + + + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank & The Most Efficient Way to Avoid Paying Taxes? (Onshore)** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Deregulation Agenda** + +BBC Part 16: **The Apollo Missions** \- [ Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +BBC Part 16: **The Apollo Missions** \- [ Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +&#x200B; + +[A smooth Brain Look at the Housing Market.](https://www.reddit.com/r/Superstonk/comments/qfqiz8/a_smooth_brain_look_at_the_housing_market/) + +[A Smooth Brain Look At the Banks (Part 2)](https://www.reddit.com/r/Superstonk/comments/qg5nxo/a_smooth_brain_look_at_the_banks_part_2/) + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\-------------------------------------------------------------------------------------------------------------------------------------- + +First off - to address all the attention 10.1 getting removed got. + +Besides the fact that it was all over the Hot page of Superstonk, besides the fact that it made it to the top 5 of r/All, besides the fact that loads of you beautiful Apes took action and made sure it got attention by cross-posting, upvoting etc... + +I just wanted to say this... + +From my perspective, that was all one of the coolest things I've ever seen. + +I know there have been bigger incidents in the GME saga etc, but I got to see firsthand the community coming together and sticking up for something you guys believed in. + +When the post got removed, I was a little pissed off and figured it was a waste of work and I'd prob just call it quits at that point. Said I'd post it, expecting 20 -30 upvotes. + +But seeing the reaction was inspiring. + +You Apes are Inspiring! + +And again, shoutout to u/jsmar18 and u/captain-fan for sticking up for me to the Reddit admins and getting the post back, when they KNEW they didn't have to and there was a chance it would cause hassle for Superstonk Mods. + +And thanks to everyone who reached out directly too! + +Honestly means ALOT lads! + +Here's a hug! + +&#x200B; + +https://i.redd.it/nqtj4hlz85h71.gif + +\-------------------------------------------------------------------------------------------------------------------------------------- + +Ok onto today's episode! + +Let's kick this episode off with this... + +(Dated: July 14, 2020) + +# FBI concerned over laundering risks in private equity, hedge funds - leaked document + +&#x200B; + +https://preview.redd.it/6574zi8qm3h71.png?width=1400&format=png&auto=webp&s=e7b097f7ae331dd1f8f00207371b74f862512860 + +[Source (Reuters)](https://www.reuters.com/article/bc-finreg-fbi-laundering-private-equity/fbi-concerned-over-laundering-risks-in-private-equity-hedge-funds-leaked-document-idUSKCN24F1TP) + +While you can feel free to read the full article above, I am going to directly quote a lot of this as I believe this is something that everyape should know about. + +*“The U.S. Federal Bureau of Investigation believes firms in the nearly* ***$10-trillion*** *private investment funds industry are being used as vehicles for laundering money at scale, according to a leaked intelligence bulletin prepared by the agency in May.”* + +Opening fucking paragraph... + +So the FBI believes that the **$10-Trillion** private investment funds industry are being used as vehicles for money laundering??? + +**First-off $10-Trillion????** + +In BBC 10.1 I thought the estimates for offshore tax haven private funds was small at $400 Billion, and while I know that not EVERY Private Investment Fund is Offshore, there certainly seems to me like ALOT MORE POTENTIAL of tax avoidance, if the FBI estimates the value at **$10 Trillion**?? + +Honestly... + +Is it just me? + +Am I losing the plot? + +Fuck it... Early Puppy Break! + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Aww... who's a good guard dog! Yes you guys are good guard dogs! + +&#x200B; + +https://preview.redd.it/d221xqdsm3h71.png?width=1000&format=png&auto=webp&s=9d568ffa4b7927c5b0a911dcb28e710c62522439 + +\----------------------------------------------------------------------------------------------------------------------------------------- + +The information that made up the basis for this article came from **LEAKED LAW ENFORCEMENT DOCUMENTS** + +The biggest Data-Leak relating to the Police force in history... **AKA BLUELEAKS** + +&#x200B; + +**BlueLeaks**, sometimes referred to by the Twitter hashtag **#BlueLeaks**, refers to 269 gigabytes of internal U.S. law enforcement data obtained by the hacker collective Anonymous and released on June 19, 2020 by the activist group Distributed Denial of Secrets, which called it the "largest published hack of American law enforcement agencies. + +The Blueleaks data has **SINCE BEEN REMOVED** almost entirely from the Internet, so we do not have an original source here to reference. + +But if you want to check out some of the background on this and all the other information that was exposed, the best place I've found is using the Twitter Hashtag. + +BUT.... + +At the time of the leak, a press release was issued by Reuters which gave us this article and at the time of the article, all the data was still online... + +**SO REUTERS HAD SOURCES FOR THEIR ARTICLE** \- And we will use their article as the source for this one. + +(Hope that makes sense, if it wasn't Reuters I'd probably discount this) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +MORE CRAZY SHIT REVEALED: + +&#x200B; + +>It also said the industry lacks adequate anti-money laundering programs and called for greater scrutiny by regulators, which have yet to issue rules for the industry. +> +>The FBI bulletin (SOURCE NO LONGER AVAILABLE) cites four cases of planned or reported laundering operations, involving hundreds of millions of dollars, using private funds. One of those cases led to a criminal conviction. +> +>“Criminally complicit investment fund managers likely will expand their money laundering operations as private placement opportunities increase, resulting in continued infiltration of the licit global financial system. If greater regulatory scrutiny compelled private investment funds to identify and disclose to financial institutions the underlying beneficial owners of investments, this would reduce the appeal of these investment firms to threat actors, at which time the FBI will re-visit this assessment,” +> +>The FBI’s assessment is made with “high-confidence”, the bulletin read. + +So the **FBI**, has a **HIGH-CONFIDENCE** that full-on **ILLEGAL** money-laundering activity is running through these private funds... **AND THEY HAVEN'T BEEN ABLE TO STOP IT DUE TO A LACK OF TRANSPARENCY!** + +So back to us... + +If the FBI can't catch this shit... what are the chances the SEC can catch their shit? Or the IRS catch their shit? + +Is this whole Private Funds thing basically just like the Darkweb? Where anything goes, and no1 is traceable? + +&#x200B; + +>The Securities and Exchange Commission describes private funds as pooled investment vehicles that are excluded from the definition of 'investment company' under the Investment Company Act of 1940 ([Source behind paywall](https://www.google.com/url?q=http://go-ri.tr.com/E4a3Vf&sa=D&source=editors&ust=1628805820161000&usg=AOvVaw3ji_Uhyk0BJGWrzUC2MV5S)) which governs mutual funds. Private funds generally include hedge funds and private equity funds, according to the SEC. + +&#x200B; + +**So hedgies are part of this!** + +>Hedge funds wager on public-market equity, debt, derivative, foreign exchange, cryptocurrencies, and other liquid investments. The conventional PE strategy similarly uses high amounts of debt purchase underperforming companies or corporate assets, which managers then restructure. +> +>Unlike hedge funds, PE vehicles are illiquid, with long investor lockups being a signature of the asset class. Both asset classes cater exclusively to institutional clients and accredited investors, or people whose net worth exceed $1 million. + +(Interesting that their net worth floor is $1 million, similar to what I suspected in 10.1) + +&#x200B; + +>Over the last several years, hedge funds have fallen out of favor among many institutional investors, while private equity funds and other private markets vehicles have continued to grow in assets under management,” said Bryce Klempner, a partner at consultants McKinsey & Company in Boston. + +So there's more and more going into these Private Funds!! + +&#x200B; + +>The bulletin cites four cases in which hedge funds and PE firms “have been used to facilitate transactions in support of fraud, transnational organized crime, and sanctions evasion”. Intelligence in the report was collected between March 2017 and July 2019. + +They know crimes are being committed using these channels and have already been flagged by them!! + +>First, the FBI highlights the case of Mark Scott, the disgraced partner of a major U.S. law firm, who was convicted in New York last year of helping the operators of initial coin offering scam OneCoin launder more than $400 million. +> +>The FBI omits mention of Scott by name, but describes how fraud funds were moved and concealed “through a series of purported private equity funds holding accounts at financial institutions, including those in the Cayman Islands” and Ireland. Details of the Scott case match the FBI’s account. + +Did you **FUCKING READ THAT????** + +Crypto Scams are using Private Funds to conceal their money through the CAYMAN ISLANDS>???? + +(And Ireland of all places??!) + +&#x200B; + +https://i.redd.it/61p0xo6ym3h71.gif + +[https://i.redd.it/mx1qjm54xzg71.gif](https://i.redd.it/mx1qjm54xzg71.gif) + +So this isn't just THEORY any more apes... This **ACTUALLY HAPPENED** and is documented in ongoing investigations. + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Ok this bit is a big block of text... but trust me Apes... it's worth it! + +&#x200B; + +>Enabling the activity are private fund incorporation and operating structures that disproportionately favor bank secrecy jurisdictions, particularly Delaware state and the Cayman Islands. These locales are the most popular domestic and offshore destinations to set up general partnerships for global hedge funds and PE funds, respectively. +> +>Hedge funds and private equity firms receive funds from entities registered in nations that maintain laws conducive to masking underlying beneficial owners,” which makes it harder for U.S. financial institutions and regulators to determine the source of funding, the FBI bulletin read. +> +>As of April 2019, some 70% of these private investment advisers were domiciled in the Cayman Islands, according to an article written in Cayman Funds Magazine by a partner at offshore law firm Carey Olson. A total of 20% of dollar funding to global banks comes from the Caymans, according to a Q3 2019 Bank of International Settlements report. +> +>Martin Kenney, a British Virgin Islands-based asset recovery attorney who has represented victims of hedge-fund swindler Allen Stanford and other frauds, said: “It stands to reason that a not-insignificant proportion of the capital managed by private investment funds is dark money. + +&#x200B; + +So it's essentially confirmed that everything is as I've suspected. These funds are Dark Money, with little traceability, little regulation and poor anti-money laundering structures, not to mention the **POTENTIAL** for tax evasion, stock market manipulation and so on... + +So **NO WONDER**... so many Hedgies have **SO MANY** funds both in the Caymans and other Private Fund favorite destinations! + +Fuckin Puppy Break! + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Here puppies! It's Dinner Time! + +Who's hungry??? + +&#x200B; + +https://preview.redd.it/bj1o2arzm3h71.png?width=1024&format=png&auto=webp&s=6c2eb47bf7a0aeedbeb4a13b50da72b18182d83c + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Ok so... + +There's lots more in that article and I do suggest you Apes read it! + +[Source](https://www.reuters.com/article/bc-finreg-fbi-laundering-private-equity/fbi-concerned-over-laundering-risks-in-private-equity-hedge-funds-leaked-document-idUSKCN24F1TP) + +But the other big thing I got from it was... while I was schooling myself through this article, I found a reference to a new type of form that I never heard of that offered public-facing information. + +# Form ADV… + +No not DFV, ADV... + +So this form requires our favorite Hedgie Allstars to **PUBLICALLY** disclose information about all their private funds… + +Now, before we jump into the meat of this, there is a section before going into the information that LISTS Citadel Advisors LLC Alternate names. + +[Source](https://www.google.com/url?q=https://adviserinfo.sec.gov/firm/summary/148826&sa=D&source=editors&ust=1628805820163000&usg=AOvVaw0tJ0HzEPj5uNvhmacdMYU3) + +Did you KNOW that Citadel Advisors LLC is also known as ASHLER CAPITAL LLC??? + +STOP lying… no you didn’t! + +I searched Reddit for Reference of Ashler Capital and… + +&#x200B; + +https://preview.redd.it/rw3x5j32n3h71.png?width=862&format=png&auto=webp&s=fa40fa953bba5a31220fd1375f62dc49aa60b17c + +Feel free to check them out: [https://www.citadel.com/investment-strategies/ashler-capital/](https://www.google.com/url?q=https://www.citadel.com/investment-strategies/ashler-capital/&sa=D&source=editors&ust=1628805820164000&usg=AOvVaw3SJKLP--KLJzBbrP8RnEyT) + +But anyway… that’s not why we came here. Let’s take a look at all the PRIVATE FUNDS that Citadel have disclosed. + +(Remember those Private funds that the FBI are worried about?) + +This is a LONG document, but anyone that likes mildly interesting boring information can take a look through it here… + +[SOURCE](https://www.google.com/url?q=https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf&sa=D&source=editors&ust=1628805820164000&usg=AOvVaw1uUnjneeXoHZ86hnxUIyRS) + +But the synopsis is: + +**The Document outlines the LIST of all Citadel Private funds. Similar to what we discussed in** [**BBC Ep. 10**](https://www.google.com/url?q=https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/&sa=D&source=editors&ust=1628805820165000&usg=AOvVaw1MoiVCJaX0B5qajQM8HqCS) + +But not just the Cayman Islands you see… + +Kenny has many Private funds, either in the Caymans or US (Often Delaware)... + +But the **INTERESTING** thing about this form, is it also lists the **CUSTODIANS** of these funds… + +&#x200B; + +https://i.redd.it/w9xjrj86n3h71.gif + +Yes Tom... I said Custodians of these Private Funds. + +You see custodians are entities listed that have permission to control a portion of these given funds. + +**NOW…** + +I’m sure all you apes Remember **BrazilGate** ya? + +[The missing Puts that disappeared in Brazil?](https://www.google.com/url?q=https://www.reddit.com/r/Superstonk/comments/otnu92/wtf_are_these_puts_financial_companies_listed_in/&sa=D&source=editors&ust=1628805820166000&usg=AOvVaw368vqKzZ80DgsETltCEdhQ) + +(Credit u/SenateMajorityLeader ) + +Well let’s take a look at who Kenny **TRUSTS HIS MONEY TO**… shall we? + +\----------------------------------------------------------------------------------------------------------------------------------------- + +# Complete List of Citadel Private Fund Custodians… + +* BANK OF AMERICA - CHICAGO +* BANK OF NEW YORK MELLON - NEW YORK +* CITADEL CLEARING LLC - CHICAGO +* CITIGROUP GLOBAL MARKETS INC - NEW YORK +* DEUTSCHE BANK AG - PORT LOUIS, MAURITIUS (TAX HAVEN) +* JPMORGAN CHASE BANK - NEW YORK +* MERRILL LYNCH PROFESSIONAL CLEARING CORP - NEW YORK +* BANCO SANTANDER- SPAIN +* BNP PARIBAS COMMODITY FUTURES LIMITED - LONDON +* BNP PARIBAS SECURITIES CORP - NEW YORK +* BOFA SECURITIES - NEW YORK +* CITIBANK - GREENWICH +* CITIGROUP GLOBAL MARKETS LIMITED - LONDON +* COMPUTERSHARE SECURITIES CORPORATION - CHICAGO +* J. ARON & COMPANY LLC - NEW YORK +* J.P. MORGAN SECURITIES LLC - NEW YORK +* JP MORGAN DUBLIN PUBLIC LIMITED COMPANY - IRELAND **(Fuckin Irish!)** lol +* SG AMERICAS SECURITIES - NEW YORK +* SOCIETE GENERALE INTERNATIONAL LIMITED - LONDON +* STANDARD CHARTER BANK - LONDON +* BANK OF NEW YORK - BRUSSELS +* BANK OF NOVA SCOTIA - HALIFAX +* CONTINENTAL STOCK TRANSFER & TRUST COMPANY - NEW YORK +* COWEN FINANCIAL PRODUCTS - NEW YORK +* NOMURA GLOBAL FINANCIAL PRODUCTS - NEW YORK +* NOMURA INTERNATIONAL - LONDON +* SCOTIA CAPITAL - NEW YORK +* SOCIETE GENERALE - PARIS +* STANDARD CHARTER BANK - LONDON +* STATE STREET AND TRUST COMPANY - BOSTON +* WELLS FARGO BANK - MINNEAPOLIS +* **BANCO B3 S.A - SAO PAOLO, BRAZIL** <<<-- +* HSBC BANK PLC - LUXEMBOURG +* ROYAL BANK OF CANADA - TORONTO +* **UBS BRASIL CORRETORA DE CAMBIO, TITULOS E VALORES MOBILIARIOS S.A. - SAO PAOLO, BRAZIL** <<<-- +* WELLS FARGO SECURITIES - CHARLOTTE +* COWEN FINANCIAL PRODUCTS LLC - NEW YORK +* SKANDINAVISKA ENSKILDA BANKEN - STOCKHOLM +* VSTOCK TRANSFER - NEW YORK + +(I probably actually missed some, because that’s a lot of scrolling and had to pull these out manually) + +But I think you get the idea… + +&#x200B; + +**DOES ANYONE ELSE FIND IT STRANGE THAT THE ONLY COUNTRY LISTED IN THE DEVELOPING WORLD HERE IS BRAZIL?** + +So **PLEASE**... any apes with a Finance background tell me if I am wrong here... + +Let's say I owned a Hedge Fund... and I wanted to move money around the world without raising too many flags... wouldn't having unregulated private funds set up and granting access to different entities around the world allow me to do that? + +Or... if I had a hedge fund and I wanted to make some puts disappear down in Brazil, wouldn't having Private Funds setup and granting access to portions of those funds to Banks in Brazil be first step to make that happen? + +Even the FBI say they have too little control over this! + +**NOT TO MENTION THE FACT THAT ALL THESE FUNDS ARE BASED IN TAX HAVENS!** + +FUCKING PUPPY BREAK + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Awww... whos got the stick?? Who's going to get the stick to me??? + +&#x200B; + +https://preview.redd.it/7yyu2lm8n3h71.png?width=656&format=png&auto=webp&s=6cb8a968bd4a47368e6b2b225732c17e6de6dd30 + +\----------------------------------------------------------------------------------------------------------------------------------------- + +That's it for today's Episode Apes! + +Remember... the purpose of these posts is NOT to unveil some revelation or point out some corruption... + +Instead, it's merely to ask some questions about how things work and see if we can grow some wrinkles. + +Knowledge is power! + +Apes Together Strong! + +&#x200B; + +https://preview.redd.it/1x7teiaan3h71.png?width=1920&format=png&auto=webp&s=623c5afc6a496e69ffb161a9ef4506d838937b67 + +If you like this series... please let me know what you think in the comments! Really helps keep me inspired! + +Also... + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +&#x200B; + +# EDIT - Missing Brazilian Options FINALLY solved??? + +Shout out to u/realBeezie for reaching out to me and putting together this final piece of the puzzle. + +https://preview.redd.it/uz1yo4j23zj71.png?width=1486&format=png&auto=webp&s=6d04a54f01262556e40d2808f453070ef67e25be + +So in the above Post, I hinted towards the Brazillian Connection with the Brazilian banks listed as Custodians in Kenny's Private Funds in the Caymans. + +But those Brazillian Banks were not the listed owners of the Options. + +What u/realBeezie found was that ONE of the banks I had listed, had actually PARTNERED with one of the banks associated with the Options. + +**Banco Do Brasil Partners with UBS** + +[source](https://www.ubs.com/br/en/ubsbb-investment-bank.html) + +Banco Do Brasil is listed as a Citadel Fund Custodian + +And UBS is associated with the missing options + +\#16 + +&#x200B; + +https://preview.redd.it/mn8xauyx3zj71.png?width=1182&format=png&auto=webp&s=c369ecb8e2f7d740a4550594bcc152fa54719b90 + +MYSTERY SOLVED? + +What do you think Apes? + +&#x200B; + +# EDIT 2 - Overthinking it! + +Ok, so we actually had the connection already, because UBS is already a custodian of Shitadel as per my list above. + +Still solved though... just never realised it. +Old van exploded (figuratively), bought a used van with $22,000 loan from USAA at 2.79%. We had planned to pay off the loan in the first year, but money came in faster than expected and we can pay it off before our first payment is due. Should we? Have over 800 credit currently, would this negatively impact credit? Is it better to invest the money rather than pay off such a low interest debt? + +psychologically speaking, I hate debt and would prefer to pay it off ASAP. + +EDIT: Thanks for the feedback - great responses all around. We have no other debts to pay down. Only debt we have is our mortgage ~400k. + +EDIT 2: there are many confused about “how I got a rate below 5%”. +LMGTFY +https://www.usaa.com/inet/wc/bank-loan-auto-main?akredirect=true +You also get additional interest rate reduction if you use their car buying service. Our original rate was 3.29% and got 0.5% lower for using their car buying service. (Which is essentially me searching for the car I wanted in their app and presenting it to the dealer - very simple) + +Also - we are in CA, no prepay penalties here + I have just encountered a Bitcoin scam on a different level, +that's not your typical seed theft by a fake wallet or phishing website, +these guys went beyond what I have expected, let me walk you through: + +The name of the site is **"**[**Bitmantic.com**](https://bitmantic.com/)**"** + +1. The scam starts with an SMS message I got, stating the following: + +*Hi Osnat, as requested, we did an untaxable deposit of about €471,000 into your bitcoin portfolio at Bitmantic.com UserId: 32576475 Pass: bigvon56* + +( [https://imgur.com/a2sK4UD](https://imgur.com/a2sK4UD)) + +2. of course, I try to login out of curiosity to see how the scam works, I use the provided login details and sure it works. +The page immediately asks to change my current password to a stronger one (at this stage I thought maybe they'll be phish my password and try their luck on some exchanges). +( [https://imgur.com/yNFkwAE](https://imgur.com/yNFkwAE) ) + +3. I change the password and it even uses an OTP method of verification, I get an SMS with a code to prove my identity. (there I understood that this wasn't the regular scam we often see) +( [https://imgur.com/Q6rZNnf](https://imgur.com/Q6rZNnf) ) +4. I open the account and there is indeed the 9.5 BTC balance, I browse through the website just to see how much they actually put into this, and I find that the site is well organized, all the buttons are clickable, there are **About, Privacy, terms of service** pages with actual content. + +5. of course, I do what every normal person would do, and try to withdraw the BTC, +I put my recipient address and I get an error message noting that the first withdrawal amount can't be above 0.00014 BTC (about $7) "out of security reasons", +so sure I try to withdraw the max amount, and I get a confirmation of the site, (here I'm sure that nothing would really happen, and probably I will get a message requesting me to put my seeds to continue the process) + +6. ***What happened now blew me away.*** +I get a confirmation on my **Binance** account that I have just deposited funds, and indeed my balance just increased by the $7 mentioned above. (**the scammers sent me the funds!!)** + +7. Here is the catch, when I try to withdraw the rest 9.4... BTC that has left, I get a popup saying that I have a withdrawal **Min limit** of 9.5...BTC and basically I have to fund my account in order to continue. (Yea sure..) ( [https://imgur.com/EIXThbR](https://imgur.com/EIXThbR)) + +Please be **aware** and **share** this with your friends, anyone could fall for this out of pure greed. +You don't usually see this level of commitment in these scams, these guys went beyond what we know, the website is clean and looks very professional and legit, they send you actual money to lure you in, and I'm sure the success rate is crazy here. + +The scam is based in **Israel** from what I can tell, or at least targets Israelis as the OTP asks for an Israeli number (maybe based on location), I can tell that just by the name "Osnat" as it is a common Israeli name and not mine... +so Thank You for reading and please remember: + +"***if something is too good to be true, it probably isn't***". + +Edit: Do Not Use You Phone Number If You Want To Try This Yourself! +I don't recommend this in anyway, just sharing my experience. +If GME reaches xx million, this could be the largest display of strength in numbers ever seen. Every single person buying and holding is doing so of their own free will, with zero influence, coercion or advice from anyone else. If our conviction on the fair price for a stock during MOASS is high enough, it will be a defining moment in history. + +There are zero boundaries for GME holders. Religion, race, age, politics, country - none of these matters when it comes to our beloved company's stock. After ~11 months following the various subreddits I've NEVER seen a group so peaceful, accepting and respectful to each other. I think this is because we all recognise that EVERYONE except the 0.01% is a victim of wall street's corruption. + +Putting myself in the shoes of an xxxx holder, I could hypothetically pull out at a few thousand and retire easily. Why would I do this though, when I literally have a chance to change the financial markets, end wall street's corruption and possibly offer the opportunity for the hundreds of thousands of other holders who can't afford as much as me to make life changing money simply by holding. I would see it as my duty to my friends who I hold alongside with and to society as a whole to not allow this corruption to continue by holding these criminals accountable. + +As an x holder, I literally rely on hitting past a floor of $60,000,000 to ensure generational wealth. I have NO CHOICE but to hold if I want to never worry about money again. I need to pray that all the other individuals holding will have similar high hopes for the stock and don't dump the rocket fuel too early. Along with this comes the acknowledgement of mass fraud in the financial industry. + +Whether it is the elite, rich and powerful lobbying governments in mining, medical, financial or any industry to fuck over the poors and the planet, or simply sending a message to wall Street that their crimes will come back to bite them, this matters. I see this being about MUCH more than just money. + +This is my chance to send a message that everyday people aren't to be messed with and aren't to be taken advantage of any more. People are waking up to the corruption and exploitation that occurs, and it will not continue. + +That is why I am holding until life changing money will be seen for even the 1 share holders and I will NEVER sell all my shares. I will not succumb to the greed that caused this mess in the first place. One share should be plenty at my personal price target. + +Also, if the stock hits even 5k, there is literally nothing stopping it from hitting $69,420,000. It proves the DD is correct, and I know for certain it is possible to give everyone life changing money if I hold. + +I have been very careful in my language here to not offer any financial advice. + +*This is not financial advice and I am not a financial advisor.* + + +TL:DR + +I'm not selling until a single share is generational wealth. This is my chance to prove that the 99.99% are powerful and will not be screwed over any more. GME could be the biggest display of the 'poors' power over the 0.01% ever, and I'm NOT wasting that opportunity. + +"it’s in everyone’s individual best interest to hold as long as possible and see where this goes because individually everyone then stands to gain the most for themselves.” + + +Edit: I just woke up. What I mean by 'it's not about the money' is that I'm not in it just to make a quick buck anymore. I want financial freedom for myself, my friends and my family. I want them and myself to never worry about losing their jobs, or having to break their backs working again. Freedom from the 9-5 is what I mean, not just the money. I don't want to have a bunch of extravagant clothes or luxury cars, I just want the freedom to enjoy life and not stress as much over avoidable things is my point. I don't want to lose time with my kids because I'm working or miss out on holidays or birthdays because I have bills to pay. I'm still young, but these are things I'm sure all of you can relate to. + +Exposing corruption and (hopefully) restoring a broken financial system too of course. +This is pure speculation. + +Watching certain tickers for the past week including yesterday and this morning, my gut is telling me that we are witnessing… and perhaps have been witnessing… a controlled liquidation for the past several days, if not since last week and it is now getting to the short bets being liquidated. + +First, I’m not sure how liquidation would work, but please don’t kill me lol. In my opinion, you would sell everything of value first (blue chip stocks going down) and with that money, you would start to cover the bets you made that need to be paid back (shorts, puts, etc.) with that collateral. + +If you look at some of the stocks that went up yesterday and the ones going up in premarket, you can almost tell which ones they had heavy bets in. + +Robbingthehood? Up 24% premarket. Who wouldn’t short that? + +Netflix / Amazon / Tesla / Facebook? They have been on the downtrend for some time, why not short them? They are all up premarket and went up yesterday. + +MULN / CENN / CLVR? I feel like something is there with these but I can’t put my finger on it. MULN is up 20%. They are all been speculated to have been heavily shorted as well. + +Watching how they are borrowing shares could also be a sign. They went crazy with it yesterday and they are doing the same thing today to try and bring down the price of our stock. Have a feeling they are probably doing the same with the other non-blue chip stocks. + +I don’t want to rule out ETF covering, or It could be something with the swaps as well (can you liquidate a swap?) + +**There is only one stock that they are deathly afraid of running and that’s GameStop.** Why? Because we have DRS, bought the float many times over, and aren’t selling. That alone is going to screw over many, many other hedge funds. + + +The gains of other stocks will be weak in comparison to us… But my trust me bro gut is saying there is more to the increases we seen yesterday. Buckle the fuck up. + +TLDR: My trust me bro gut speculates we are witnessing a super small firm being liquidated and this is only the beginning of a wild ride, and they are trying everything not to let us run and they will lose control. +Hello SuperStonk, + +I'm u/Doom_Douche , You may remember me from posts such as ["Deep Dive into Dark Pool Trading - How they might accidentally be showing us the number of synthetic shares"](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/) or ["My banner submission. Let's get back to our roots! 🦍🤝💪"](https://www.reddit.com/r/Superstonk/comments/mlhwex/my_banner_submission_lets_get_back_to_our_roots/) + +https://preview.redd.it/e3eavs5n1yv61.jpg?width=1200&format=pjpg&auto=webp&s=07c96de1586b6b5d47cc28375dde89c5efc85992 + +I don't know what the hell I'm doing and I would rather be making memes but you asked for it and you are gonna get it. In my last post there were a lot of requests to incorporate exchange volume into the calculations and compare it against other wonky stocks rather than blue chips. This makes sense as GME is anything but normal. + +I identified two of the most heavily traded OTC stocks and compared our favorite stonk against it. Spoiler alert GME is way wackier. + +**Let's start with the ELIA**. We all believe GME is heavily manipulated. We all believe the float isn't real. We all smell the fart in the room but no one is admitting who did it. I would like to believe all my data can be summed up in this one image. + +https://preview.redd.it/qmwpnapk2yv61.jpg?width=728&format=pjpg&auto=webp&s=28e4c6c4daff05c31805b6511b9477556a2b4c0d + +There is a massive battleship entering the port. We know this. We can see the shadow it casts through institutional ownership, retail brokerage numbers and a variety of other ways. The public sees a tiny strip mall video game store with anemic volume and an outdated business model. What I am pointing out is the amount of OTC volume compared to the completely fictitious float. This is the wake, the amount of water displaced by the ship. We are told its a dinky little kayak when in reality its a battleship about to blow up the entire market. Lets get into the data! + +I am using all the OTC data available in 2021 for GME and the following stocks which were identified in multiple articles as the most heavily traded OTC. Much of this data is delayed reporting up to 4 weeks and the data is displayed as weekly volume not daily. This will cause flat areas in graphs compared to daily spikes you will see in exchange volume. This is just the nature of the beast but trust me that I have cross referenced the data based on actual trading days and it all lines up properly. + +[Grayscale Bitcoin Trust (BTC) (GBTC)](https://finance.yahoo.com/quote/GBTC/) + +[Green Thumb Industries Inc. (GTBIF)](https://finance.yahoo.com/quote/GTBIF) + +Data Dump Incoming: + +https://preview.redd.it/7fbfa9ns5yv61.jpg?width=1540&format=pjpg&auto=webp&s=5e9f1c56d3b68e60b3e6e04a4becadcfe57d2166 + +Oooph. Thats a lot of numbers but there are already some interesting conclusions that can be drawn just by totals and averages. Let's look closer. + +https://preview.redd.it/5l4362ob6yv61.jpg?width=1504&format=pjpg&auto=webp&s=76e71f7409f454bcb901a593b65bf9e98f8e5c29 + +Compared to these clown stocks GME actually seems normal at first glance. Gamestop is seeing on average 25% of all volume traded OTC vs 96% of all volume traded OTC with GTBIF. Let's expand this data to make sure we are all on the same page. + +https://preview.redd.it/5wzmqc4jbyv61.jpg?width=1504&format=pjpg&auto=webp&s=80e57dccb8c6c18b0c0b3d03799756ab97f995fa + +Here is the same data plotted over time. Exactly what you would expect to see. GME OTC volume hanging under exchange volume, GBTC OTC volume rising mostly above exchange volume and GTBIF OTC volume dwarfing exchange volume. + +Now here is where the system breaks. Lets keep a very important premise in mind + +**All of this data and all of these calculations are operating under the assumption that the "float" is correctly reported as 51.46 million.** + +https://preview.redd.it/pbtahu4efyv61.jpg?width=1649&format=pjpg&auto=webp&s=feb6461f719545262a373c8a427e7b1502602c52 + +OK, WHAT THE FUCK. GME has more than double the ratio of OTC Volume/Float than the stock with the highest percentage of OTC Volume. Let me be as clear as possible. GME has an average of around 30% of its float traded OTC. From my previous post you will see that most companies have an average of LESS THAN 1% of their float traded OTC. The wackiest company I can find that has over 96% of all volume traded OTC has only 14% of its float traded OTC. + +When presented with unreasonable numbers in a calculation it is important to consider the possibility that some of your data is incorrect. The only variable that we can change that would effect the outcome of our calculations is the FLOAT. + +If we were to wave a magic wand and assume that GME has a single synthetic share trading for every real share out there the Ph(loat) which is synthetic shares+ real shares would be 110,980,000. Even using that number we still get a OTC Volume/Float percentage higher than GTBIF at 14.94%. + +https://preview.redd.it/0o70tmqzjyv61.jpg?width=1280&format=pjpg&auto=webp&s=e3738776b1e34d670e60466d6fabe5ebf5ffba42 + +hahahahahhahahahHAHAHAHAHAHHAHAHAHhahahhahahahahahHAHAHAHAHAHHA + +Ok I got that out of my system. I don't fucking know dude. You know who knows what the real float is? + +NO ONE + +Not Ryan Cohen, Not Kenny G, Not THE SEC + +All I can show you is that its way bigger than any of us are prepared for. Here is what's really coming into port. + +https://preview.redd.it/pdfb1muckyv61.jpg?width=728&format=pjpg&auto=webp&s=488a67ac6f0e77290cd1b1d127f2a441622c9b04 + +Put on your lifejackets ape. It's about to get choppy. + +TLDR: The float is fucking huge yo + +Edit 1: Here is a google drive link to the data if anyone wants to play with it + +[https://drive.google.com/file/d/1AZmDKXiovguRP4vrrdPaInXKq-R3XPK9/view?usp=sharing](https://drive.google.com/file/d/1AZmDKXiovguRP4vrrdPaInXKq-R3XPK9/view?usp=sharing) + +Edit 2: To be clear when I say the "Float is bigger than anyone expects" I am referencing the Ph(loat) not the reported true float. The Ph(loat) is comprised of mostly synthetic shares combined with the real float of 54 mil and not being reported as there is no publicly available metric to calculate synthetic shares. This means the short interest is still well over 100% and likely much.... much... more than that. + +Edit 3: u/db2 brought up a fantastic point. If I am right and that's a big IF, the reason the borrow rate for GME is so low is because its incredibly easy to borrow shares. If the PH(loat) is gigantic because its full of synthetic shares it would explain why GME has a borrow rate of only 1.1% interest + +Edit 4: u/Rumblebully suggested using the terminology Phloat for describing the combination of real float + synthetic or phantom shares and I fucking love it. From now on i'm calling it Ph(loat) and no one can stop me. +https://www.youtube.com/watch?v=XZComkkxeEI + +This man now lives in a tent in Oakland. He had millions of dollars back in a time when millions of dollars was a lot of money(!), until one day he woke up and learned that his financial institution was bankrupt and he lost everything. + +Just a small reminder that anyone can become homeless, as well as to avoid keeping all of your money with a single institution. +I have a couple of SFH rental properties with traditional bank financing in my and my partners name. They are currently rented and things are going well. Cash flow is good and we plan to continue to add properties as deals come up . + +My issue is that we'd like to get a little more formal/professional and move these into a business structure, something like an LLC. Not for liability but really to grow and eventually even quit our day jobs. There's no pressing need other than I feel like we'll hit a wall soonish on the conventional financing path and the small headache of having it all in our names vs a completely separate entity growing into a larger paper work headache. + +I have found some lenders online that are willing to loan to a new business, and interest rates are ok for a longer term strategy, but fees are high and terms a little onerous in my opinion. Fees are between 3-4% of the loan value between origination, legal, title insurance etc. One place wants us to form a Delaware LLC, but only with a single owner so we'd have to form a 2nd LLC to own that. The combination of both is giving me pause. + +I'd really like feedback or strategies others have followed to get that initial entity formation going. I have called a few banks and heard the line about needing 2 years of seasoning for the entity. I know Fannie has a rule that newer loans can be quit claimed to an LLC without triggering the due on sale clause but you have to work with your service company and the personal guarantee remains. + +I have enough cash to pay off 1 property and move it into an LLC...do i do that and start the seasoning clock? +Good morning. + +Apologies if this isn’t the correct place to post this. + +EDIT: I do plan on honoring their leases, I didn’t mean I would try and break their lease in order to move in myself. + +I’m considering purchasing a 2 detached home/duplex property, but the homes are currently being rented to Section 8 tenants under rent control. My plan is to move into the property, but don’t know how difficult it would be, or what legal steps I need to take to legally remove the tenants. I don’t want to be forceful either. Any advice? + + +500k list price, 2 bed 1 bath each. SoCal, near Inglewood. One tenant pays $1500, second tenant pays $900. + +Thank you all. +I’m currently in the learning stage of RE investing. Hoping to purchase a multi family home next year with a FHA loan. So much info out there on the internet. What should I absolutely know to make the best decisions when buying my first property. +&#x200B; + +Hi Everyone, 🙌 + +So I got injured at work and I ended up getting a compensation of $560/month till retirement. I would like to invest it all in a TFSA that I just opened in Wealthsimple if maxed I start using the RRSP. Im thinking DCA once a month. + +Some Background. + +Im 27M I own a construction company.The injury cut the nerve on the top of my hand so I can still work to a degree. so I have income coming in and im also saving to buy a condo with my brother. so my plan is to put the WCB income all for retirement without touching it. but my main goal is to buy a presale first using my income and saving for retirement simultaneously using the WCB income. + +**Income** + +$5000/month NET + +$560 WCB + +**Expenses** + +Credit card around $1200 paid off end of each month. + +Car Insurance and gas around $400 + +Mortgage payment $1200 (House valued at 2M with 4 people on title) mortgage is about 950K + +if you fellow Redditors can suggest how to approach this opportunity and maximize the profits for my time horizon, for example which ETF's to buy and how to organize my finances so I come out ahead. + +I'm thinking one of these or a mixture of these ETF's + +VFV + +VEQT + +VGRO + +VBAL + +Thank you all in advance ❤️ +Here's a quick summary of the extent of corruption in the US markets... it includes: + +* Executives (e.g., Richard Dugas, CEO of PulteGroup; Jeff Bezos) +* Board of Directors (e.g., Previous board of GameStop, BBBY) +* Consultants (BCG, Bain & Company, McKinsey) +* Media (CNBC, TheStreet, WSJ) +* Regulators (SEC) +* The Fed (Janet Yellen = employee of Citadel) +* Congress (see Nanci Pelosi and campaign donations by Ken Griffin) +* Market Makers +* DTCC + +When you have to ask the question..."Who *isn't* corrupt?!" It's time for radical change. + +MOASS is cosmic justice. + +Buckle Up 🚀🌝 + +https://preview.redd.it/saad3rrwodt81.jpg?width=728&format=pjpg&auto=webp&s=ccbbe02afd3406a85a2ec1dbd49becf632b0a9ed + +Hi. I'm planning on leaving my job at 47. My new job has a simple IRA. + +Should I leave the 401k at my old employer? It’s worth $500000 + +Or should I roll it over into an IRA so I can still contribute to it so I don't lose compounding momentum? + +Thanks +The title is my IDEAL situation, to move out and get a new car by May. I’m 20 years old (yes I wish I could just stay home and save but I really need out). Not going to school at the moment but might go back in Spring. I currently am a server at a restaurant and was making pretty decent money, however that is starting to decline. I’m hoping to maybe stay serving and also find other ways of income (possibly Uber Eats or a similar service) through Winter. Regardless I’m really trying to grind and be able to move out safely by Spring. Just seeking some tips and potential money opportunities +EDIT: I do have an 2005 Hyundai I drive now with 125k miles on it. I’m looking to get something newer in the Spring that will last a long time, aiming for a 2015 Jeep +Basically just title. I read a little bit of Dave Ramsey’s Total Money Makeover that my parents gave me, but it was aimed more at someone with a more established financial history, still helpful, I just feel like I know absolutely nothing haha. +&#x200B; + +Please don’t judge my spelling, it’s 3am and I’m sitting here waiting for market open. + +\- The Salomon group was a Hedge fund in the early 1900 - 90s. + +\- They also had the "King of Wall street" on their line up. + +\- They were responsible for the '98 bond market corruption or something, I'm not too familiar with the story. + +Long story short, they were an extremely corrupt group that almost tore down the financial system. + +When they were held for trial, the 'honorable' (lol) Jerome Powell came in and testified for them, fined them a WHOPPING $100k for their extremely corrupt bond market shit. + +&#x200B; + +&#x200B; + +[Jerome out here taking one for the family](https://preview.redd.it/5mq1u48ou7n71.png?width=585&format=png&auto=webp&s=a16c725426b2984103992c347f7ac266ca4b9f65) + +[https://www.google.ca/books/edition/The\_Activities\_of\_Salomon\_Brothers\_Inc\_i/x1hBG79cE2EC?hl=en&gbpv=1&dq=%22jerome%22+%22powell%22+%22salomon+brothers%22+testimony&pg=PA11&printsec=frontcover](https://www.google.ca/books/edition/The_Activities_of_Salomon_Brothers_Inc_i/x1hBG79cE2EC?hl=en&gbpv=1&dq=%22jerome%22+%22powell%22+%22salomon+brothers%22+testimony&pg=PA11&printsec=frontcover) + +&#x200B; + +Jerome powell then asked Warren Buffet for help, Buffet put in 5B in Salomon Brothers in 1999. + +Hence, why Michael Burry wants us to read + +&#x200B; + +&#x200B; + +[See that on the right, Buffet Partnership letters](https://preview.redd.it/5klonkwmr7n71.jpg?width=1500&format=pjpg&auto=webp&s=e14c88681eda002f918951e2552a77fe23647544) + +I know for a fact there's something in those letters, so call all the wrinkle heads and get to reading guys. + +&#x200B; + +Oh yeah, btw, Salomon brothers got charged with IPO Fraud in 2002, when GME first IPO'd. + +Fast forward, everyone from Salomon brothers walks away freely nothing happens. + +Now here's the fucky ducky part, + +List of previous Salomon brothers group : + +## Michael Stockman + +Serving as Chief Risk Officer at MF Global, which filed for bankruptcy Oct. 31 and is now embroiled in legal troubles. + +## Michael Bloomberg -- He was fired in the 80s at Salomon + +In case you've been living under a rock -- Bloomberg was the mayor of New York City. He's been the target of some negative sentiment for his handling of the Occupy Wall Street protests in the city. + +Also owns Bloomberg, Bloomberg Terminal. + +# Jon Bass + +Global head of institutional sales at MF Global, the brokerage that recently filed for bankruptcy and now facing legal troubles. + +## John Lipsky + +Serving as special advisor to the managing director of the IMF, at one point was in line to possibly become the next managing director. + +## Andrew Stone + +Last October, the real estate trust fund he was in charge of filed for bankruptcy.  + +## Lewis Ranieri + +Recently partnered with Shellpoint Partners to offer subprime mortgage lending, saying it is an untapped market. Also, still coming under criticisms for being the brains behind the mortgage bonds **that contributed to the 2008 financial crisis.** + +# Tom Miglis + +Worked at Citadel, helped kenny develop the tech. + +# DAVID SOLOMON + +**CEO OF GOLDMAN SACHS** + +# JAMIE DIMON + +**CEO OF JP MORGAN CHASE** + +Update: # ROBERT GENSLER + +GARYS GENSLERS LITERAL BROTHER + +# MICHAEL CORBAT + +**CEO of CITI GROUP** + +Everything reeks of Salomon brothers, they practically have their hands in everything. + +**Remember reading in atobitt's DD somewhere that in a lawsuit, the employee said they call themselves the family of five, well, now you know.** + +They're all interconnected, Jerome Powell has let Salomon brothers off the hook twice, and now they're all scattered across all the financial markets around the world causing corruption. + +These are only the people that we know of, there's potentially hundreds more with hundreds of other connections. + +I used another source for the first few finds, however that source didn't include the CEOs, so huge shoutout to Charlie's DD on YouTube. I watched his video and it's spot on. + +[https://www.youtube.com/watch?v=bvXz1mvmS9k](https://www.youtube.com/watch?v=bvXz1mvmS9k) + +OMG, BIG BIG S/O TO CHARLIES DD, HE EVEN CREATED A GRAPH. + +&#x200B; + +[INTERCONNECTED.](https://preview.redd.it/twsc56eus7n71.png?width=1564&format=png&auto=webp&s=6adca406b11984573f6f112506bb8429088353d7) + +I just wanted to let this be known since burry posted that and no one picked up on it. + +I know a lot more, but I've decided to keep this factual only. + +Read the Warren Buffet Papers / Berkshire Hathaway Papers. + +&#x200B; + +&#x200B; + +EDIT 1 : Forgot to put this in, as I was looking at blurrings other posts, he made a list of 200 shorted stocks, those stocks appeared in a lawsuit. + +# Bank Activities Reform Commission Sues SEC for 50T, over 200 shorted companies, and states that the SEC has been infiltrated by an organized crime group..... + +First Sue was 5T in 2005. + +[https://www.prweb.com/releases/2004/01/prweb96672.htm](https://www.prweb.com/releases/2004/01/prweb96672.htm) + +Updated to 50T in 2012. + +[https://seekingalpha.com/instablog/120346-alex-s-gabor/1220721-international-bank-activities-reform-commission-soon-to-release-report-on-money-laundering-in-the-united-states](https://seekingalpha.com/instablog/120346-alex-s-gabor/1220721-international-bank-activities-reform-commission-soon-to-release-report-on-money-laundering-in-the-united-states) + +This is not considered DD, I simply whipped this out at 3am having ate nothing all day. This is just to raise awareness and for more apes to look into. +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! + +&#x200B; + +Hello everybody + +I have some investments in gold and I am wondering what everybody knows and thinks around this subject. I know that there a some advocates and opponents for it and I would like to have some idea's exchange with you guys. Here is everything that I researched around it and my findings around the subject. + +If you want to invest in gold, you should read this: [https://www.bloomberg.com/opinion/articles/2020-04-01/gold-is-losing-its-luster-for-the-world-s-central-banks](https://www.bloomberg.com/opinion/articles/2020-04-01/gold-is-losing-its-luster-for-the-world-s-central-banks) + +I would only buy gold when the price of it is not to inflated like it is now. Central banks are still the biggest player on the gold market and it is really important what their decisions are. Looking at the article and other news we notice that most CB are stopping their spending sprees on gold and are even considering selling some of their reserve, which could potentially lower the price of gold. Now these are speculations as any other and we should really look at the actions of the CB and the market's reaction. + +That said, I believe that gold is: + +\- not a perfect hedge on the long-term inflation ( 30 to 50 years) and surely not for short- to medium-term inflation + +\- a valuable asset when uncertainty in the market is increased + +\- a good asset to diversify your portfolio. + +Why do I think this? For a number of reasons: + +1. There are a lot of factors in play that determine the price of gold. Meaning that the correlation between the value of the dollar and gold is most of the time hard to measure and it depends heavily on the decisions of the Fed an other financial institutions. See this article for further discussion: [https://inflationdata.com/articles/2019/07/10/gold-price-relationship-inflation/](https://inflationdata.com/articles/2019/07/10/gold-price-relationship-inflation/) +2. If we look at the history of gold, we can see why people invest in gold and can learn when "similar" scenario's might happen. We see that people invest in gold when there is a lot of uncertainty in the market. Here is a good overview of the history of gold even though I do not really agree with everything he says: [https://inflationdata.com/Inflation/Inflation\_Rate/Gold\_Inflation.asp](https://inflationdata.com/Inflation/Inflation_Rate/Gold_Inflation.asp) +3. Gold has a low correlations with most other assets which makes it a safe heaven for most investment you make. + +*History is not a reflection of the future so we need to be careful to extrapolate the history to the future.* *meaning: look at other factors that might influence the market than the one you observe through history.* + +&#x200B; + +Next I would like to discuss possible impact factors for the direction of the gold market. I will divide this in supply and demand side to give the conversation more structure. + +**supply side possible factors:** + +Given the fact that most mines are going to be more expensive because of the increasing extraction costs. This will put pressure on the supply side of the market for the next 20 years. The pressure will push the market more to the recycled gold. But before players switch from extraction method the price of gold needs to be high enough before investments are considered. + +But there are few caveats in this reasoning: + +First of all there is the possibility that we will discover new methods and reserves of gold to extract gold more easily. This will lower the price of gold. + +Secondly most gold is not used in productions and is therefore not consumed but hoarded: [https://www.sunshineprofits.com/gold-silver/dictionary/gold-production-cost/](https://www.sunshineprofits.com/gold-silver/dictionary/gold-production-cost/) . Which means that the supply side is not only from firms who extract gold but also people who hold gold. This is a big difference from other commodities where the supply side only consist of the firms who extract it. + +Three important aspect to look for in the supply side of gold: + +1. new extraction methods and reserves for gold +2. investments in recycled gold +3. actions of Central banks who hold a lot of gold + +**demand side possible factors:** + +A lot of upcoming markets will want to strengthen their financial system by purchasing gold to create more certainty in their market. This is what China, Russia and other countries are trying to do. The price of gold will thus depend on the policies of those countries. Trying to find the strategies of those policies will give you more insight in the way that the gold price behaves. Secondly from history we can deduct that when there is a lot of uncertainty in the market the gold price will surge see: [https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart](https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart) . Thirdly gold is a material often used in production for its attributes: [https://education.jlab.org/itselemental/ele079.html](https://education.jlab.org/itselemental/ele079.html) This mean that the demand of gold is also depended on those markets. + +Three important aspect to look for in the demand side of gold: + +1. actions of Central banks who want to create more security in the market +2. when uncertainty hits, the price of gold will follow +3. markets where gold is used for manufacturing and new application for gold in manufacturing + +on the side note: Some people might think that the price of gold is manipulated by the governments. There is no evidence for this but I cannot exclude this. It is though very unlikely because gold is a very liquid asset which means it is difficult to "manipulate" like some investors think: [https://www.sunshineprofits.com/gold-silver/dictionary/gold-manipulation/](https://www.sunshineprofits.com/gold-silver/dictionary/gold-manipulation/) + +give this a like and leave your idea's/opinions in the thread. + +&#x200B; + +Thanks for reading this +Hi everyone, + +I am currently sitting on 12k in savings and can save 1k per month extra with my new job ... but now wondering what would be the best for me to do with these amounts. +FYI I already invest around 400 in ETF for early pension, 100 in ETF for my son studies, 200 in private pension fund, 1200 in my mortgage, 100 in crypto. + +My plan is to use some of the cash to invest in my house (extend it) or buy an EV within 2 to 3 years. + +My initial idea was to put these 12k in ETF now (lump sum) and invest those 1k in ETF too ... but I am a bit "afraid" of hypothtical market crash within that period. + +What would you do in my situation? +Now that Bitcoin is officially recognized as a form of currency in El Salvador Tesla is required to accept that form of payment under Art 7 + +"every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good and service" + +How the turntables have turned... + + + + + +*Emphasis on the COMEDY tag* +Good Morning Everyone, + +a supposed 13-F filing from Fidelity was posted today: + +[https://www.reddit.com/r/Superstonk/comments/nc465g/fidelity\_13f\_was\_released\_on\_the\_sec\_website\_the/](https://www.reddit.com/r/Superstonk/comments/nc465g/fidelity_13f_was_released_on_the_sec_website_the/) + +So after i saw that no link was provided, i checked it for myself. This filing doesn't exist (at the time i was writing this post). + +So i inspected the screenshot and compared it to Fidelity's last filing in February. + +([https://www.sec.gov/Archives/edgar/data/315066/000031506621000776/xslForm13F\_X01/20210216\_FMRLLC.xml](https://www.sec.gov/Archives/edgar/data/315066/000031506621000776/xslForm13F_X01/20210216_FMRLLC.xml)) + +[This is the filing from February 16th 2021.](https://preview.redd.it/minmceg082z61.png?width=2532&format=png&auto=webp&s=c05c27f7d3f6fa60ee340831daba675739d26cac) + +[This is the supposed filing from May 14th.](https://preview.redd.it/voip5g8882z61.png?width=1552&format=png&auto=webp&s=9e723b29b059d73ad5843f27dec6c2ceba268f44) + +If you look closely you can see that no position changed but for Gamestop, which is odd. Because if you look at Fidelitys prior filing from November 2020, you can clearly see that Fidelity is buying/selling shares from different companies. + +([https://www.sec.gov/Archives/edgar/data/315066/000031506620001924/xslForm13F\_X01/20201116\_FMRLLC.xml](https://www.sec.gov/Archives/edgar/data/315066/000031506620001924/xslForm13F_X01/20201116_FMRLLC.xml)) + +[Filing from November 11th ](https://preview.redd.it/ycuyqol592z61.png?width=2541&format=png&auto=webp&s=a16abd1147f1f1b83b9f1ef6e122fa5cee9e4e75) + +I wouldn't trust every post on here, especially those which doesn't provide a form of source to look up. + +These kind of Screenshots can be easily manipulated : + +[Changing the number of shares in Chrome.](https://preview.redd.it/eqnyww92a2z61.png?width=2195&format=png&auto=webp&s=8f09ccc3735021e6c7e5e46bb04080e161dd77d8) + + 🚀 +One part of lavish for me is not being frugal. I know there is a cheaper way to get the same thing, but due to the experience, or convenience, or simply because I enjoy it, I do the more expensive one, even though it is not economically rational. + +I can't be alone in this sub-reddit with this behavior. + +So what things do you spend on that you know you could have gotten a better deal on and why do you do it? +XEQT/VEQT both overweight Canada by 20%+ of their total holdings. The Canadian economy is less than 5% of the world economy. Not only that but seems risky to be both getting paid in Canadian by a Canadian-based employer if you're in this scenario and then to also be over-weighing yourself in that country's economy (unless you're maybe American since the US companies are a proxy to the global economy). + +I realize that having Canadian bias can lead to better performance before [someone links this](https://www.canadianportfoliomanagerblog.com/home-bias-in-the-vanguard-asset-allocation-etfs/) but I'm not really talking about performance here. I'm talking about diversifying to decrease risk as a result. Even Vanguard put out a 2018 release on how overweight Canadians are domestically and how they should be around 4% iirc. + +I have a feeling that the reason people are going XEQT/VEQT is because they're really the only two cheap 100% equity all-world ETFs we have here. I personally think though that going something like a mix of XAW/VXC (which is 60% US, 40% world) and XIC (100% Canada) is a better way to get an all-equity portfolio without overweighing to the Canadian economy. You could for example do 90% XAW and 10% XIC. And again this is not because I have a bias against Canadian companies or think we'll do better or worse than other countries, I just think the asset allocation is too aggressively concentrated at home especially considering your finances if you go with XEQT/VEQT. +Last few days on the stonk have seemed little rougher than usual. Just decided to check in (as a frequent user and commenter) for once in a while. + +I know you guys are doing your best to keep this sub in orderly fashion, can't imagine the effort some of you guys are going through at times. + +I'm not the most excellent Ape around, but I guess I wanted to thank you for working with us and keeping us in check. + +If there are some wishes for the community, remember to say something. Despite some people thinking you overreach at times, many of us look up to you (in terms of sub moderation). + +Not sure if this is a right fit for the sub at the moment, but I kind of felt wrong not admitting that our moderators on this sub actually do good job. +Hello there + +I posted about [6 weeks ago](https://www.reddit.com/r/stocks/comments/hn9ydm/defense_stocks_what_the_heck_is_going_on/) about defense being undervalued and they’ve climbed 15-20% since then (besides HII which completely whiffed earnings). Hope you hopped on. Now I am now starting to see value in the oil sector(s). The June high and subsequent re-crash for oil industry coincided directly with the new covid case rate picking up. With covid cases declining and oil stocks generally trading in ranges for over a month now, I present my case for a break in those ranges + +There are a couple of tailwinds that are happening right now for WTI: + +* New covid cases in the US have dropped substantially from their peak and are on a downtrend [according to JHU’s data](https://i.imgur.com/EShb2sU.jpg). Globally, it seems to be seesawing in a confined range +* [China is buying a large amount of US crude by September](https://www.reuters.com/article/us-usa-trade-china-oil-exclusive/exclusive-china-ramps-up-u-s-oil-purchases-ahead-of-trade-deal-review-sources-idUSKCN25A2F4), potentially 37 million barrels [according to this](https://oilprice.com/Latest-Energy-News/World-News/China-Charters-Tankers-For-37-Million-Barrels-Of-US-Oil.html) +* After flooding the US market with [Saudi oil](https://www.npr.org/2020/05/04/850026351/saudi-arabias-oil-tanker-flotilla-is-reaching-the-u-s-despite-some-objections#:~:text=Live%20Sessions-,Saudi%20Arabia's%20Oil%20Tanker%20Flotilla%20Is%20Reaching%20The%20U.S.%2C%20Despite,are%20headed%20to%20the%20U.S.), they have now cut exports to a [record low ](https://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabias-Crude-Oil-Exports-Dip-To-Record-Low-In-June.html) +* The dual storms in the Gulf have caused a lot of [shut-ins](https://www.reuters.com/article/us-usa-storms-energy/oil-firms-evacuate-staff-curb-offshore-production-ahead-of-twin-storms-idUSKBN25I0J3) +* After stalling in July, air traffic is starting to [pick back up](https://www.tsa.gov/coronavirus/passenger-throughput) and routes are being added again, although still way way down + +Which all support WTI prices in the coming weeks. Should be noted that rig counts have continued to lows, however last week was the first week in a long time that a few rigs came back online, which will add to the inventory. How much, I am not sure. You can see from [Baker Hughes’ rig count]( https://rigcount.bakerhughes.com/rig-count-overview) that we added 10 rigs, but are still down a net of 662 rigs from last year. Next we can take a look at the [EIA data](https://www.eia.gov/petroleum/supply/weekly/) for some more insight into what current inventories are like: + +* 512M barrels of crude, 15% above average. Peak was 540M barrels on June 19th +* 244M barrels of gasoline, 7% above average. Peak was before covid due to build over the winter +* 178M barrels of distillates, 24% above average. Peak was 180M barrels on July 31st +* Refinery inputs at 14.5M barrels, low was 12.4M barrels on May 13th +* Refinery rates at 81%. At the low on April 22nd it was at 67%, normally around 95%. +* WTI is trading in the $42-43 range, with the low being negative due to the contract rollover situation back in the Spring + +The last several EIA reports have been good in general – drawing down of products, with two weeks in a row of fantastic gasoline draw down. + +What’s my point here? The takeaway should be this: the worst is over and it seems we're about halfway recovered. Now is the best chance for a while to get beaten up value stocks at a discount, as the industry recovers and conditions for the crash are resolving + +Right now cyclicals have been beaten down to Earth’s core as tech goes up and up. Cyclicals and value generally outperform in a market recovery and I expect a rotation at some point, strengthened by a combination of inventory drops making headlines, covid cases going down, and a general resumption of normal. Any stimulus would be big news for these beaten down stocks as well + +Worried about a Democratic administration? Unlike the defense stocks I had previously looked at, I think it’s a real issue for this industry. The Democratic platform calls out removing tax breaks for oil and gas companies while adding environmental regulations. It’s weird that big tech has been climbing – companies like Amazon, Apple, Facebook etc. that are known tax avoiders and privacy usurpers seem like prime candidates to have a ‘tax bill fear’ from the Dem’s closing of tax avoidance legislation and future lawsuits. I haven’t seen any hints of this in the market, so I am going to assume this is not considered a big deal by investors. Environmental regulations should be, however + +However, I still believe these low valuations are still too low, even with headwinds. Some of the majors have already been adjusting (Shell in particular) and refineries like Valero already have strong renewable fuels segments; Phillips 66 recently announced plans to build the [biggest renewable diesel refinery in the world](https://investor.phillips66.com/financial-information/news-releases/news-release-details/2020/Phillips-66-Plans-to-Transform-San-Francisco-Refinery-into-Worlds-Largest-Renewable-Fuels-Plant/default.aspx) + +What am I looking at in particular? + +Right now, refineries have the best value to me. PSX is **criminally** undervalued with a safe dividend. VLO is another that is set for strong performance. MPC has a strong position after its Speedway asset sale, but I would rank PSX>VLO>MPC at this point for value. + +* PSX target price: ~$82, sitting currently at ~$61 +* VLO target price: ~$71-72, sitting currently at ~$52.50 + +From a producer standpoint, CVX and COP are both fundamentally solid (I prefer COP at this point). RDS is the closest its been to it’s covid low and is one of the leading majors in transitioning off oil. It’s been beaten down since losing its dividend but I can only assume it will be back. I’m not a fan of XOM going forward, but right now it’s at the low of the range it’s been confined in and wouldn’t be a bad temporary pickup. FANG / EOG / PXD aren’t bad pickups either + +PS – stay away from OXY. It’s very clear they’re going to continue to issue shares until they’re through their debt and the pummeling is well deserved. It was popular for a while, not sure how it’s still viewed, just stay away + +TLDR; buy refineries and the producers worth buying that aren't drowning in debt or have terrible assets + +Disclosure: I have a large position in PSX calls +Let's say you invest $10,000 in a stock that pays a 6% yield but does not grow the dividend. + +If the stock appreciates at a pace with the historical average of the S&P 500, and if you reinvest the dividend for 10 years, you'll have $32,303 after 10 years, $52,878 after 15 years and $83,372 after 20 years. + +Furthermore, after 10 years, you'll collect $904. After 15 years, $1,026. And you'll receive $1,120 after 20 years. + +Now, what happens if we start off with a lower 4% dividend yield, but that dividend grows 8% per year? + +After 10 years, the nest egg will be slightly lower at $31,241. You'll have more at 15 and 20 years than you did with the flat 6% yielder. Your totals will be $55,432 and $98,615, respectively. + +Perhaps more importantly for the investor who starts collecting the income at 10 years, the dividend raiser generates $1,158 - substantially more than the $904 in the earlier example. + +After 15 years, the income rises to $2,081. If you let the money compound for 20 years and then begin receiving the dividend checks, you'll take home $3,750 - more than three times the amount with the higher starting, but static, yield. + +How about if you need the income today and don't have time to reinvest the dividend and let it compound? + +A $10,000 investment in a stock that yields 6% and doesn't grow its dividend will generate $600 in income every year. + +The 4% yield that grows by 8% every year starts off paying you $400 per year. + +By year seven, you'll be making $634 - more than the 6%-yielding stock. + +At year 10, you'll collect $799 - 33% more than the $600 paid by the 6%-yielding stock. + +After 15 years, you'll be collecting just about double the amount of the other stock with $1,174, and five years after that, your income will be $1,726 - nearly three times the amount of the 6% stock. + +This is a perfect illustration of why I strongly recommend dividend raisers for long-term investors. This is also how we get yields to double digits in ten years. +As the market looks to break new ATH’s today, I think that’s always a great moment to take stock. BTC has finally shattered through 60k, XRP has somehow added $40B to their market cap this past week even though they’re the hot dog of crypto, and DOGE is about to worth more than a dime. + +BSC in particular has seen a major influx of transactions and a huge infusion of capital into the system with BNB touching $600 from the sub-$300 it was just over a week ago. While I’m personally sitting pretty, which I hope the rest of you that have been around this bull run are as well, the question does start to creep in. + +**What is my exit strategy?** + +How will I actually realize my gains? What is my target number? Do I have any real strategy at all or am I just making this up as I go? + +If you’re lacking the answers to these questions, you might start wondering if all these new traders coming in, while not getting the same delicious price points you did, might find a way to flip the script on you. After all, new tools are developing everyday. Are you properly equipped to handle the new market? + +Whether you’re an old trader looking to keep your edge or a new trader clawing your way into the market, you’re in luck. **Bogged Tools is introducing limit sells today at 9pm UTC, an unbelievably missing feature for BSC, which will provide traders the ability to manage their exits.** + +That’s right, if you’re glued to your station desperately checking the price of a token because you’re looking to squeeze 5% more out of it before dumping on the market, wait no longer. Just set the limit sell and go off on your merry way, whether it be researching the next token to maximize your earning potential, or just to finally go get something to eat. + +And while Bogged Charts have been out for a while (not that long, but even a week is eternity on BSC) they’ve **never looked this good.** While Classic is still available for those of us nostalgic for the days when BSC was young, the new Bogged Charts, **released just yesterday,** clearly presents liquidity, states what % of the token is actually backed by liquidity (absolutely vital information, even if it’s often ignored) and finds liquidity pools for you stating the value of each LP token. + +If you’ve ever owned LP tokens, then you know just how much of an annoyance it can be finding the value of your LP tokens, so having this all in one place is extremely helpful. It’s clear the devs at BogTools understand what traders need to have the best chance of succeeding without wasting their time. \*\*\*\* + +**By compiling all of this into one easy hub which also allows for limit sells and, coming soon, stop losses, it’s easy to see Bogged Finance creating the ecosystem necessary for BSC to become more sophisticated than just a collection of animal coins.** + +With $BOG at a **$15M market cap** currently, there should be no reason this can’t move and establish itself as the dominant charting and trading tool in the market. After all, **PooCoin hit a $30M market cap** ***last night***\*.\* This is without having any sophisticated tools in development, a name that, while Bogged is a meme, could be seen as disrespectful to the space if they truly have long-term aspirations, and a fraction of the liquidity that Bogged has. + +Seriously, **PooCoin has a liquidity of $600k currently at a $23M market cap while Bogged has liquidity at $8M with a $17M market cap.** PooCoin could be obliterated by a couple of sales, while for Bogged, it simply cannot be done. + +This means less price volatility, so condolences to my swingie boiz out there, but in terms of actual sustainability and price projection, it couldn’t be clearer that this is where you should be. But, if you wanna set some limit sells tonight to play with the volatility of PooCoin, might not be a bad move. **I’d just make sure to get some Bogged first before people get wind of who’s really winning this competition, and before everyone sees how much they need limit sells and stop losses.** + +Because when this market turns around and we’re seeing all the scary bears out, you’ll be wondering why you didn’t sell the top, and worse, how you didn’t stop the losses as they were coming. In other words, start making a plan with Bogged, before all you find is yourself getting Bogged. The great forces that surround crypto deem this to be the only way. + +Website - [bogged.finance/](https://bogged.finance/) + +Telegram - [t.me/bogtools](https://t.me/bogtools) + +Bog Chart - [charts.bogged.finance/?token=0xd7b729ef857aa773f47d37088a1181bb3fbf0099](https://charts.bogged.finance/?token=0xd7b729ef857aa773f47d37088a1181bb3fbf0099) + +Pancakeswap - [exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB) +It's a shame that the comments section is turned off for it. + +https://www.nytimes.com/2018/09/01/style/fire-financial-independence-retire-early.html?action=click&module=Well&pgtype=Homepage&section=Style +As stated in the title this market is full of fraud and crime , although we already know that. + +It’s such bullshit J powell and yellen and the rest of them are trying to change the definition of a “recession” we all know we are and have been in a recession the last 6 months. Instead fucking spy goes up all time high and no sign of crashing anytime soon. + +Anyways , just wanted to blurp that out. + +Buy. Hold. Drs. + +Power to the players 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +EDIT : SPY IS A CONFIRMED MEME STOCK +In south korea, there is a buisness elite which receives substantial favors from the government in return for meeting a set level of exports. These chaebols contribute 80% of GDP and could easily form ties with a political elite to create extractive/exclusive institutions. + +There is criticism, corruption allegations and even convictions of chaebol leaders over attempts to influence the government, but so far south korea didnt develop extractive/exclusive institutions. + +How did south korea avoid doing so? +I hear many arguments saying that price-gouging hurts consumers, because the prices are placed at an unfairly high rates. Just curious on what you guys think. +I hear many arguments saying that price-gouging hurts consumers, because the prices are placed at an unfairly high rates. Just curious on what you guys think. +I have a lot of interest in this. Having seen the extreme effects that economics can have on the quality of life in a country and the world, I'd like to make sure that I'm aware of what will be the best/ strongest economies in the somewhat later future. + +Currently, the USA is very strong. Same with China. But both appear to have some very real weaknesses. Switzerland, Japan and Germany also appear quite strong. + +The US' biggest weakness, in my opinion, appears to be the combination of shipping a lot of its manufacturing sector overseas, and the switch to remote work that is occurring now. If most jobs in the US don't require a physical presence, would that not just be a race to the bottom to outsource them to the cheapest countries, leaving few job opportunities? The US does have a huge amount of natural resources, however. + +In the case of China, they are the world's factory. But they face the problems of being owned by a single political party, being relatively unliked on the world stage, and a coming demographic crisis due to the [One Child Policy](https://en.wikipedia.org/wiki/One-child_policy). + +Switzerland appears to have great prospects. They have a habit of staying out of international conflicts, and make high quality goods. I don't know enough about them to talk about the potential negatives. + +Japan and Germany both produce many high-quality goods, and have great economies currently. Though they do both have a similar problem to China with their aging populations. + +&#x200B; + +Economists, what do you think will be the countries with the best economies in the next 20, 30, 40, 50+ years? +I'm finishing up last semester of a bachelor's in economics and planning to apply to master's programs next month. I'm currently taking 5 classes but the rough part is calculus 3 AND Linear algebra at the same time. I'm beginning to think taking linear algebra without having already completed calculus 3 was a mistake since i don't know vectors yet and my divided attention is contributing to both classes starting off poorly. Like poorly enough where I'm like ... maybe I shouldn't go down the economics route (even though those classes at the undergraduate level have been easy for me) and perhaps I should do something less quantitative. I worry about making it through these classes and then trying to do real analysis next year. Some have told me to just chill out and don't worry about individual classes but I worry they are too relaxed. +Are here some people who live in Europe and are performing as good as the users from the United States? + +Or is fat fire "harder" in Europe than in the USA? Yeah I know it's not easy as well but i mean comparison. + +I'm from Germany and my family is really wealthy, but the numbers from this subreddit are off the charts. + “After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.” + +\- Warren Buffett, Chairman’s Letter to Shareholders of Berkshire Hathaway (February 28, 2001) +I was a mortgage loan originator for about 5 years. I worked for companies like Quicken Loans (Rocket), United Wholesale Mortgage (UWM) and Citi. With the mortgage protection program ending, I wanted to discuss this a little. + +Mortgage protection program is coming to an end at the end of this month. This will likely have a larger impact on non-depository institutions in comparison to depository institutions. Since 2008, banks have been servicing less of their mortgage originations and holding a smaller share in the market. A Mortgage Servicer is who you pay your mortgage to, these are referred to as MSR (Mortgage Servicing Rights). Quicken Loans primarily services its loans, meaning it makes money by collecting the interest on the payments from the borrowers. Where as a lot of banks today will quickly sell off the MSR to their loans. Why? Because its takes up their assets and are unable to offer more services and they're after the quick money, origination fees. + +&#x200B; + +[https://internationalbanker.com/finance/why-have-banks-stepped-back-from-mortgage-servicing/](https://internationalbanker.com/finance/why-have-banks-stepped-back-from-mortgage-servicing/) + +&#x200B; + +[Non-Depository financial institutions have been growing in the servicing market](https://preview.redd.it/tjht4ou4hb671.png?width=2611&format=png&auto=webp&s=1ec0f5e424d3a3e4de6c280edfa3f10d86c05143) + +&#x200B; + +[Non-Depository institutions have been destroying the competition in both Purchase and Refinances](https://preview.redd.it/ic5qdc76hb671.png?width=2810&format=png&auto=webp&s=51d5b1634344e380d433a0c2241e5d54dcd34deb) + +&#x200B; + +What is interesting to me about Quicken Loans/Rocket is that when I worked there, we were strongly against going public. Dan Gilbert spoke about this specifically during meetings with his banking staff. We didn't want investors to tell us how to run our business. But all of a sudden last year during a pandemic they went public after being completely against it? + +[https://www.freep.com/story/money/business/2020/06/20/quicken-loans-ipo-who-gets-rich/3197631001/](https://www.freep.com/story/money/business/2020/06/20/quicken-loans-ipo-who-gets-rich/3197631001/) + +&#x200B; + +https://preview.redd.it/nsrbcr4whb671.png?width=2112&format=png&auto=webp&s=9c006ecc3227a262294c4795cead0e56860f2671 + +This was also the same mentality with United Wholesale Mortgage. This was a "family owned business". Jeff Ishbia started the company in 1986 with Mat Ishbia running the company as CEO as of 2013. And yet for some reason, UWM went public as well in the middle of a pandemic... + +&#x200B; + +[https://www.forbes.com/sites/antoinegara/2021/01/23/how-mat-ishbia-cashed-in-on-the-biggest-spac-ever-from-benchwarmer-to-13-billion/?sh=78a6d3637a33](https://www.forbes.com/sites/antoinegara/2021/01/23/how-mat-ishbia-cashed-in-on-the-biggest-spac-ever-from-benchwarmer-to-13-billion/?sh=78a6d3637a33) + +&#x200B; + +[I specifically didn't highlight Rocket because that is the only name in this list that makes sense. The rest is BS](https://preview.redd.it/7rw6xutyhb671.png?width=2172&format=png&auto=webp&s=632a56d4ba4701323e0a5d99d0ddb0234d593711) + +[https://www.housingwire.com/articles/here-are-the-top-15-mortgage-lenders-of-2020/](https://www.housingwire.com/articles/here-are-the-top-15-mortgage-lenders-of-2020/) + +2 – **United Wholesale Mortgage** + +* Total Originations – 560,796 +* Total origination volume – $182.82 billion + +Now take a look at the others, Rocket is indeed larger. However, WF, Chase & BofA are smaller in the mortgage industry. In fact, so much smaller that UWM has more originations and volume than Chase and BofA put together. + +1 – **Rocket Mortgage** + +* Total Originations – 1,142,638 +* Total origination volume – $313.41B + +4 – **Wells Fargo** + +* Total Originations – 319,429 +* Total origination volume – $126.9 billion + +8 – **JPMorgan Chase** + +* Total Originations – 224,833 +* Total origination volume – $95.6B + +9 – **Bank of America** + +* Total Originations – 184,088 +* Total origination volume – $76.91B + +&#x200B; + +So here we have 2 mortgage giants who have great year over year sales and are legitimately the 2 largest mortgage originators in the industry. And yet, they're going public in 2020 despite never having the intention. The only thing that does make sense, is they are preparing to have cash on hand to handle defaults... + +&#x200B; + +[https://www.mayerbrown.com/-/media/files/perspectives-events/publications/2020/12/so-you-want-to-form-an-msr-fund-issues-and-considerations.pdf](https://www.mayerbrown.com/-/media/files/perspectives-events/publications/2020/12/so-you-want-to-form-an-msr-fund-issues-and-considerations.pdf) + +&#x200B; + +https://preview.redd.it/vlp9h7u2ib671.png?width=1953&format=png&auto=webp&s=82b0f11e197907d80d1d1ba44278a10000c9c15f + +Upon looking for MSR information because initially, that's where my search was. I found a plethora of articles mentioning the liquidity and capital risk involved with non-bank MSRs. This would line up well with both UWM and Rocket wanting to do an IPO. My guess is with the problem on hand seeing their mortgages begin to be delinquent late 2020, and the company still doing very well. It made sense to go public, generate cash and be prepared to pay out. + +&#x200B; + +A couple other things I found interesting. AmeriHome is looking sketchy to me. They did a large sell off to Ocwen of 48 Billion of MSRs (essentially 50% of their MSR), and were sold to Western Alliance Bank. This company services mortages, and buys from lenders to sell to investors. I can only imagine how much shit they are sitting on which to me, is probably why they were bought out. To me, this reminds me of BofA purchasing Cousntry Wide months before the crash. I would guess this company found its bag holders. + +&#x200B; + +[https://www.housingwire.com/articles/ocwen-to-buy-48b-msr-package-from-amerihome/](https://www.housingwire.com/articles/ocwen-to-buy-48b-msr-package-from-amerihome/) + +[https://www.nationalmortgagenews.com/news/behind-western-alliances-1-billion-bet-on-a-mortgage-lender](https://www.nationalmortgagenews.com/news/behind-western-alliances-1-billion-bet-on-a-mortgage-lender) + +&#x200B; + +https://preview.redd.it/iyqbtlsxib671.png?width=2205&format=png&auto=webp&s=487efa18a0e4a9ab3da6bb658ea6f27fc4fac9b3 + +&#x200B; + +Another thing I found interesting, may be related to absolutely nothing at all. These are companies that offer PMI or Private Mortgage Insurance. On conventional loans, typically if a buyer doesn't put 20% down, they have to pay PMI until the loan reaches 78% LTV or 80% LTV and is requested to have the PMI removed. But what is interesting to me is the may 12th date. All of these dropped in valuation at this time. This also coincides with when c r y p t o started to tank. I've seen other mentions of this date, not sure what it means though. + +[https://www.nationalmortgagenews.com/news/genworth-cancels-mortgage-insurer-ipo-citing-sector-volatility](https://www.nationalmortgagenews.com/news/genworth-cancels-mortgage-insurer-ipo-citing-sector-volatility) + +&#x200B; + +https://preview.redd.it/4zr1w0l6ib671.png?width=2292&format=png&auto=webp&s=639ad0945dc5ee36f845adbaecbb9585cf3cea5d + +TLDR: It is in my opinion, if mortgages do start defaulting and foreclosing. We should keep an eye out for non-depository institutions and Mortgage Servicers as these are up to a lot of risk on their own business models and liquidity problems. I personally think Rocket and UWM are at high risk as well as mentioned Ocwen and Western Alliance Bank. (See edit 4 why Rocket/QL really stands out here...) + +&#x200B; + +None of this is financial advice + +&#x200B; + +EDIT: I tried to make an edit from my mobile device and it messed up all of the images :) + +EDIT2: What I wanted to edit from my phone... a few more things to point out. A housing crisis like 2008 is highly unlikely. As of right now, its estimated about 5% of mortgages are delinquent which isn't very high. Only mortgages over 120 days delinquent can receive a foreclosure notice. From this data:[https://www.nationalmortgagenews.com/news/mortgage-delinquencies-drop-sharply-but-point-to-an-uneven-recovery](https://www.nationalmortgagenews.com/news/mortgage-delinquencies-drop-sharply-but-point-to-an-uneven-recovery) + +&#x200B; + +[We can see about 2 million mortgages as of 3\/31 are candidates for foreclosures.](https://preview.redd.it/s4wz1nbojb671.png?width=2082&format=png&auto=webp&s=685205b438b7dcab008d8c3fb7b363f10dcd271d) + +Keep in mind, these numbers are a few months old. Another thing to point out, I'm unsure if when the mortgage protection ends if:Foreclosure notices will go out the next day + +Or if Foreclosure notices will need 120 days after the protection period. + +Also, borrowers can request a loan modification or extension. Most likely, if we see foreclosures pop up. It won't be anywhere near as bad as 2008. + +&#x200B; + +EDIT3: For those worried about their mortgage holder defaulting, this wouldn't be a problem for you. It would just be transferred to another MSR and you would continue your payments through them. + +&#x200B; + +EDIT 4: Yes mortgages are sold to Mortgage Backed Securities. In which case, its generally not the lenders problem any more. HOWEVER, Quicken Loans writes A LOT of FHA loans and has had problems with FHA historically. With FHA loans, if they are defaulted on the originator is on the hook... + +[https://www.nationalmortgagenews.com/news/mortgage-delinquencies-drop-sharply-but-point-to-an-uneven-recovery](https://www.nationalmortgagenews.com/news/mortgage-delinquencies-drop-sharply-but-point-to-an-uneven-recovery) + +" Finally, for banks that had been involved in FHA lending, the period following the GFC highlighted the particular risks for servicers. If a servicer made an insurance claim on a defaulted FHA loan, and it was later found that an error had been made with respect to the origination or servicing of that loan, the servicer could be liable under the FCA for treble damages. These cases were pursued aggressively by the U.S. Department of Justice (DOJ), and many large bank servicers paid extremely large fines, often for very minor origination errors. " + +[https://www.housingwire.com/articles/49337-quicken-loans-agrees-to-pay-325-million-to-resolve-fha-loan-allegations-with-doj/](https://www.housingwire.com/articles/49337-quicken-loans-agrees-to-pay-325-million-to-resolve-fha-loan-allegations-with-doj/) +TL;DR after Wall of Text! + +Influencer followers: TikTok 5.7M, YouTube 400k, Twitter 300k, Instagram 500k + +💬 Telegram: https://t.me/sheeshtokenchat + +$SHEESH Token was originally created as a joke by a known tiktok influencer (DYOR) +To his surprise the token caught traction quickly and sits at around 4500 Holders atm. The influencer and his team have worked their asses in the last couple of days and have a built an incredible foundation. He's very transparent about the project and its plans and is on Discord like all the time to keep us updated. + +I have never been in a community with literally no FUD at all. The dev is a big influencer, and we all know he's not going to risk his reputation and career to scam some HODLERS. He is very well-connected and has huge marketing plans and is currently working on several collaborations with different influencers. + +He has been working with social media analytics for the past 6 years and knows how to push a project like this! Furthermore, he has concrete plans how to use the Token in the social media and gaming world, that he will share with us soon (TM) -> Real Use Case + +But don't believe me! DYOR🧑‍🔬! Come to our Discord and see yourself. Check out the links below and check the legitimacy yourself! But be quick! + + + +🎯 Public DEV with millions of followers (TikTok, Twitter and YouTube) and expertise in social media analytics + +🎯 8M Market Cap + +🎯 4500 Holders + +🎯 Liquidity locked + +🎯 Ownership renounced + +🎯 Website and Roadmap live + +🎯 Huge Marketing plans with more influencers coming + +🎯 Real use case - This is not your average animal shit token! + +🎯 Twitter Marketing #sheeshtoken starting today at 5pm + +​ + +HOW TO BUY + +Never follow any pancake links of random Redditors! Go on the website https://sheeshtoken.com/and follow their official links there! There is also a quick guide on how to buy. + +Links + +📜 Contract: https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +🕊️ Token Twitter: https://twitter.com/SheeshToken + +💻 Token Website: https://www.sheeshtoken.com/ + +💹 Bogged chart +https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C + +💩 Poocoin Chart: https://poocoin.app/tokens/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +💹 BSC.TOOLS Chart : https://bsc.tools/pair-explorer/0x83f4c453b766a97e9467d6376b2419a47b082958 + +💬 Telegram: https://t.me/sheeshtokenchat + +🚋 Subreddit: https://www.reddit.com/r/SheeshToken/ + +👾 Discord: https://discord.gg/zshnmRJZ + +🏁 Roadmap: https://i.imgur.com/Rm0bTIs.png + +​ + +I feel super confident with this project and I hope you like it too. What convinced me to buy was low market cap and that he has a shitload of followers on Twitter, TikTok and YouTube. They might not be the hardcore crypto guys, but I think it's an amazing opportunity for them to get into the field with the help of a guy they know and trust. +I am trying to buy a house as an investment property, this will be my first property. The lender I am currently speaking with has quoted me an owner occupied loan. He basically told me "when you close on it, you know, you just say your intention to move in there and you can always rent it out or not rent it out, its up to you." and "If you decide to rent it out, life happens man, that's not a problem at all, there not gonna do a spot check and verify you live there". + +I have made it very clear from the start that I intent to use this as a rental property and the loan officer has said that it wouldn't be a big deal if I did with an owner occupied loan. I have no intention to commit fraud and have no intent to deceive my lenders. Would I get in trouble for taking this loan and turning it into a rental? +This is a carry over of my thoughts on an earlier post with a screenshot of someone discussing why they were tired from everything that has happened since they invested in GameStop. The person who posted the screenshot and many commenters were quick to call the OP shill and berate them. As someone who has been on the old sub since before last January, I find this and a lot of similar behavior in this sub quite disturbing. + +By attacking anyone with a dissenting opinion, we are playing right into the hands of those who want to divide us. When someone expresses concerns or doubts, we should address them respectfully and point them towards solid dd they can consult to reenergize themselves. In the event that the person is sincere, you have helped lift up a fellow ape in their time of need. In the event they are a shill, by providing kind and uplifting words for all to see, you not only stop their attempt to spread FUD but you turn the experience around into something positive for any ape with similar concerns to see. + +I have personally asked legitimate questions about real concerns I had only to be called a shill. It does not feel good. I know we can do better +Amber Kanwar explains why Raymond James is saying it's time to move from an overweight position to a -- + +[https://www.bnnbloomberg.ca/real-estate/video/canadian-reits-receive-downgrade-from-raymond-james\~1702308](https://www.bnnbloomberg.ca/real-estate/video/canadian-reits-receive-downgrade-from-raymond-james~1702308) +With the grain deal between Russia and Ukraine, gas/oil prices going down, and the first ship transporting grain to leave Ukraine since the war started, is there hope that supply chain problems and shortages can eventually be resolved and food prices at grocery stores will finally go down somewhat? Will it vary depending on item? How big of a change could it be? How will restaurants be effected? +Every once in a while this subreddit gets just overrun with XRP apologists. They tell us about how dumb we are for not seeing the genius of XRP and smugly tell us that we must just hate to make money. And once again I find myself explaining why I think XRP's evaluation is completely insane. Obviously it is a free country, and no one is going to prevent you from buying XRP, just please find your own space to talk about how wonderful it is. + + +First of all, I think Ripple labs is a fairly impressive company, and I would be completely open to buying stock in it, but I don't think that value proposition carries over to XRP. I even think it is completely plausible that Ripple supplants SWIFT's antiquated technology. + + +But let's assume that Ripple took over for Swift.... what would that mean. According to Wikipedia, SWIFT as of 2015 linked more than 11,000 financial institutions in more than 200 countries and territories, who were exchanging an average of over 15 million messages per day. [https://en.wikipedia.org/wiki/Society\_for\_Worldwide\_Interbank\_Financial\_Telecommunication](https://en.wikipedia.org/wiki/Society_for_Worldwide_Interbank_Financial_Telecommunication) + + +That means that SWIFT is doing approximately 5,475,000,000.00 transactions per year (15 million times 365 = 5,475,000,000.00) + + +XRP has a transaction fee of .00001 XRP (see [https://developers.ripple.com/transaction-cost.html](https://developers.ripple.com/transaction-cost.html)) Which means that over the course of a year, $27,375 XRP would be burned IF Ripple Labs took over SWIFT (.00001 \* $.5 \* 5,475,000,000.00) In addition, each Ripple account is required to have a small reserve of 20 XRP in order to trade. Assuming that all the 11,000 financial institutions in SWIFT had this reserve, that would take 220,000 XRP off the market. So based on these numbers, I am supposed to accept XRPs 20 billion dollar marketcap (which is actually more like 50 billion when total supply is factored in as it should be.) And then there's the risk that SWIFT or a bank consortium would fork the open source protocol and introduce their own fiat tokens + + +XRP's market cap seems completely ridiculous even if it had already succeeded. + + +https://www.washingtonpost.com/news/wonk/wp/2017/01/23/president-trump-signs-order-to-withdraw-from-transpacific-partnership/?hpid=hp_hp-top-table-main_tpp-wb-12pm%3Ahomepage%2Fstory&utm_term=.1e49d581c396 +https://www.reddit.com/r/science/comments/berrdj/samesex_borrowers_73_percent_more_likely_to_be/ + +"Same-sex borrowers 73 percent more likely to be denied mortgage, study finds. Despite being “less risky overall,” same-sex borrowers are less likely to get a mortgage. When they are approved, they face higher interest." +AQN and RNW are down 47% and 38% respectively over one year with a large portion of both those decreases happening within the last few weeks for both of them. + +It’s pretty clear that initial interest rate hikes and the general feeling like the terminal rate is going to be higher is definitely effecting these two stocks more than the general market. + +With this in mind, wouldn’t cutting the dividend for both make sense? Like I’m aware that dividend cuts are not normally perceived as a good thing, but when the practice seemingly becomes unsustainable, might it be the correct course of action? + +Note: by unsustainable I do not mean it’s going to lead to the death of the businesses or anything, more that their dividend payouts are extremely high and AQN has already sold off some assets earlier in order to afford said payout. + +Edit: just for sake of transparency, my positions in these firms are currently 2.53% for RNW and AQN at 3.89% of my TFSA with average prices $21.33 and $18.80 respectively +Edit: /u/JMZn5Y9tEqjXARxW and /u/IbarraReddit have looked int Bloomberg terminal but could not find this info. /u/JMZn5Y9tEqjXARxW then wrote to NYSE and found that this data is $500/m (academic pricing). + +&#x200B; + +**\*\*Note: The file referenced is from Dec 1, 2020 (13 months ago). It may have changed, and a subscription to this data can verify who is the current Designated Market Maker.** + +When /u/dlauer made [this post that stated Shitadel is GameStop's Designated Market Maker](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/) (DMM) on the New York Stock Exchange (NYSE), I wanted to find out where the data comes from. Recently inspired by /u/portersdad post [asking about DMM data](https://www.reddit.com/r/Superstonk/comments/sgaacz/how_would_we_know_if_citadel_was_no_longer_the/huuxzlg/) I set out to find the data source. + +After some digging, I finally found that the info is in one of NYSE's proprietary data feed called the [NYSE Group Security Master](https://www.nyse.com/market-data/reference/nyse-group-security-master). It is a collection of files delivered daily that contain various attributes of NYSE listed securities. + +# Layout + +The [data specification](https://www.nyse.com/publicdocs/nyse/data/NYSE_Group_Security_Master_Specification_Document_v4.0.4.pdf) for the NYSE Group Security Master shows there are 8 files in the dataset, but the one type of file that has DMM data is the **NYSE Group Equity Security Master**: + +[Cropped to the interesting fields](https://preview.redd.it/ajir2i1ijwe81.png?width=1226&format=png&auto=webp&s=8ef59908c66612a38034ff3cca2b7fa85fb4d228) + +# And GameStop? + +I was about to place an order to start receiving this file, but I discovered that the [details page for the data](https://www.nyse.com/market-data/reference/nyse-group-security-master) showed sample files + +[Screenshot of the FTP Source](https://preview.redd.it/hujtqi18ywe81.png?width=1684&format=png&auto=webp&s=0a0b86b359b34d5391a2a6f44a00b7cdddb2b794) + +They were taken in Dec of 2020 (13 months ago) so they are a little stale, but it saves me money and verified what I was looking for. + +The sample [Equity Text File](https://ftp.nyse.com/Reference%20Data%20Samples/NYSE%20GROUP%20SECURITY%20MASTER/NYSEGROUP_US_REF_SECURITYMASTER_EQUITY_4.0_20201201.txt) \- a whopping 8.5MB text file - is smaller than the [Equity XML File](https://ftp.nyse.com/Reference%20Data%20Samples/NYSE%20GROUP%20SECURITY%20MASTER/NYSEGROUP_US_REF_SECURITYMASTER_EQUITY_4.0_20201201.xml) at 52.5MB. The XML file shows the data in an easier to read format: + +[Remember, this is from Dec 2020](https://preview.redd.it/dla4hg3dqwe81.png?width=964&format=png&auto=webp&s=80802a82b833479a4104df2f0f1634b15a487e35) + +# Current Data + +It's possible to subscribe to this data feed to get up-to-date info, but the sample files answered what I set out to find - a proven way to find out GME's DMM. + +I found that the data is available to professional traders via Quote Media's Quotestream (see [this](https://support.quotemedia.com/support/solutions/articles/13000070326-nyse-post-panel-dmm-data) Knowledge Base Article), but I have yet to find information on Bloomberg Terminal. Hopefully someone with access can poke around. + +&#x200B; + +What is a Designated Market Maker? Here's a shot of [Investopedia's definition](https://www.investopedia.com/terms/d/designated-market-maker-dmm.asp): + +https://preview.redd.it/srf6716cswe81.png?width=1344&format=png&auto=webp&s=c6d20261ca4c0a413451e8a6f310c9ae0c46d704 +I think this might be a virus, I don't think I've downloaded anything suspicious but maybe I did. + +I copy and pasted and address from Kraken into the Monero GUI wallet. The addresses do not match.I copied it again and posted it in a word document, it's the same address from before, but does not match the wallet address on Kraken. + +I just tried the same thing again on a different computer and now the addresses match. I'm thinking I have a virus for sure now but I have no idea where it came from our how to find it. + +Edit: Ok there were a few viruses, I'm not sure which one was which or where it came from. This is what malwarebyte shows me + +Hijack.ShellA.Gen + +Trojan.Crypt.MSIL.Generic + +Malware.AI.4251292410 + +Edit 2: I will never use this PC for crypto related stuff in the future. +u/SoMuchRanch made a post a while back of how he turned 200k in 1+ million dollars in 3 years using theta gang strategies. 50% of his profits are from selling Lottos which is only feasible if you have portfolio margin but 15% of his gains were from selling 5 delta strangles on /ES and constantly rolling up down and out to maintain delta neutrality. + +My managing rules are simple. Take profit at 50% if DTE is >21 and roll the leg back to 45 DTE <5 delta if delta >5 before 21 DTE + +So far really good results with only 10,000 of buying power allocated to the strategy. Let me know your thoughts +\[EDIT: Thank you all for your thoughts and sharing your experiences - very helpful perspectives, exactly what I was looking for from people on this forum. + +I've been busy with work this past week so didn't get a chance to read through your comments until recently - so I wanted to loop back and say thank you. + +Also - my wife saw that this thread as well and read through your responses, and then we had a good discussion afterwards. + +Lastly - I'll keep working for the next 2-3 years (can double savings; I enjoy my job still; extended bull market right now makes me feel uneasy about future correction, so good to have more income/cash on hand that we can invest if a crash does come). + +END\] + +Hi I'm new to the fatFIRE concept (didn't know this sub reddit existed) but familiar with FIRE for a decade now. + +I'm 37/M with a family (wife + 2 young kids age 2 & 5) and NW of \~$2.6M right now. + +My target number for FIRE was $3M, and I'll basically achieve it by the beginning of next year (after bonuses for this year are paid out). + +I'm having difficulties pulling the trigger for a few reasons: + +* Wife works - but is not fully on board with me retiring in the next year because I make around 10x what she makes, and she is worried we don't have enough saved up for the 2 kids (and she also cares a bit about the 'status' aspect of a high paying job - so her plan is for me to retire a few years earlier than her, so she can first see how it is for me) +* I'm at the peak of my earning power right now (my annual income went from $400K/yr 4 years ago to \~$1.2M this year because of a bonus/stock plan; the plan will last for 3 more years and increases a little to about $1.5M/yr), so I have this mental block of 'if I take advantage and just work for 3 more years, I can double our savings and retire with significantly more retirement income' (and can FatFIRE) +* It wasn't in my original FIRE plans - but in my fatFIRE plan, I would like to share some of my savings with my parents & sibling because they do not have nearly the same earning potential I do (parents and sibling income are all in the range of \~$35K-$50K/yr with limited/no growth potential); I feel like every year I work is like potentially saving 10+ years of them working, so it feels bad to RE. If I work for 3 more years I can give them each significant amounts of money every year and still have above my originally planned income. +* My job overall is good - its stressful at times, but I feel like I'm still learning/growing and generally enjoy the people I work with on a day-to-day basis - and decent work/life balance + +Reasons I really want to RE now are all mostly family related: + +* My kids are still young, I really enjoy spending time with them, and want to do more of it before they grow up (right now we have hired-help to take care of them during the day time/after school - since my wife and I both work) +* My parents, siblings (and by extension nieces and nephews) live a long plane ride away from us and I'd like to not be constrained by my job/location/time and see them more often (and taking my kids to play with their cousins as well) + +I don't have a super clear question - just wanted some advice/thoughts. + +Part of me is afraid that there will always be the next reason to stay for 3 more years (another bonus/stock plan, another opportunity etc) and I'll just keep going until it too late and I'll look back and regret my decision when my kids/niece/nephews are all grown up (or parents pass away). + +For those of you that started out with a FIRE goal and transitioned to FatFIRE - what was the reason that you decided to keep working? Would you do it again if you had the choice? +So im 25 and currently in Ireland. So i wanted to get in game with stock market and shares and maybe crypto. I dont know where to start or how. im planning to start with 100€-200€ and add more every month. What apps to use that are good in EU (Ireland and later Croatia). how to start? i saw also that penny shares (stock*) are good way to start getting money early. Where do i look for some kind of explanation. I saw few guides but i wanted to see opinion of more people on one place compared to sites that have 1-2 editors. I generally understand the logic, buy low, sell high stuff. And looking for app or site to use on phone and pc and that has a lot of things on offer, from stock, bonds, currency, industry... etc. and where to start S&P 500 or NASDAQ or something other. i have few apps on phone that "recommend" what to buy and sell. Are those any good? Anyone to follow on Twitter or IG for good advice. Saw people saying that day trading is good to earn money fast? but also says that you have to have 10-20k on acc to do that or else you'll have problems with tax? How do you pay tax on money earned, if you do at all? any blogs that are good to explain how to start. I would like so start setting up foundation for future. Financial independence and all that 😁. +Also going in other direction to get money besides working 9-5 for any ideas? +Thanks for help 🙂 +My girlfriend owns a house (paying it off). I am renting so we are planning to live together at her place. She wants to keep the house to herself as an investment. Later on then we would buy a house together (and she will then rent out the current house). + +So we are trying to figure out which would be the best financial arrangement. Image we just share all costs (electricity, food, etc). As I don't pay for the installments, I would practically be living there rent-free. That doesn't seem correct to me. + +What would be the best way to determine an amount of 'rent' that I could pay her every month just for the housing? Next to that, of course we plan to just split all utility bills, groceries etc. +I could see having a negative net worth in your early 20s due to student loan debt, but other than really bad luck, there's no good reason to have a negative net worth after your mid to late 20s. So this quote seems reckless bordering on insane: + +> "More often than not — especially for those under 40 — the number is going to be negative," said Daniel Routh, a CFP at Exencial Wealth Advisors in Oklahoma City. "That's not unusual and not something to be afraid of." + +Thoughts? The original source is here: + +https://www.cnbc.com/amp/2019/01/17/do-you-know-your-net-worth-heres-how-to-figure-it-out.html +I am a 24yo graduate engineer who is on a salary of £27,000. I currently drive an 06 reg Vauxhall Meriva which was gifted to me by my mum, however its MOT is due this month I am pretty sure it's going to fail and cost a fortune to put right. + +I currently have £4,000 saved in a savings account, and I have just started adding £400 p/m to a LISA with the hope of buying a house this time next year (I'll need a deposit of £6000). I'm living with parents so I pay no rent or utilities. + +How much should I spend on a new car? Would taking out a loan to purchase a car be a bad idea if I'm looking to get a mortgage? + +Thanks. +My lender has been mailing me fairly often as of recent about how they want to refinance my loan - so I figured I would make the call and inquire given rates have dropped. After a short and simple introduction, they said I was a good customer and that they wanted to keep me as a customer and were willing to lower the rate by about 0.4% -which they promised would save $175 a month. No closing costs, no appraisals, no work on my behalf other than the paperwork - sounds good, but I asked for it in writing to verify. + +I keep track of all my loan amounts with an excel based amortization table, since I sometimes pay a little extra to hopefully pay off the loan by my planned retirement age. After trying to get their figures to work, the file kept showing a balance on their new loan when i expected it to be paid off. Turns out that instead of just knocking down the rate, they also wanted to recast the loan into a 25 year loan vs. my roughly 21 years left on my existing loan, adding 54 payments. + +Net net over the life of the loan, their offer was actually in favor of the lender by about $7500 vs. my existing loan. Yes, it might be nice for cash flow if my goal was to invest the rest, but not quite the "good customer" perk they made it out to be. If you get one of these, get the terms and do the math. +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. +Hi everyone, bob here. + +I have been getting a lot of questions about what's going on and what to expect with the DOOMPs expiring on 1/21/2022. As stated before, I believe these to be the unraveling of the variance swaps that u/zinko83 wrote about, and I referenced in my c[ompendium DD part deux](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3). + +**Also, from here on out, I will be dual posting my DD over to another sub (check my profile pined posts). And posting here for visibility as well.** + +If you want more explanation on this theory of them changing the game during the sneeze and how options play a major role now (and likely before the sneeze), [check out this gem I wrote DD about 6 months ago..](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/?utm_medium=android_app&utm_source=share) but be sure to ignore the bit about T+21, as I now believe it to be a nothingburger and just an observation of the rough timing of the C35 closeouts. + +https://preview.redd.it/xye3dz2yuod81.png?width=2302&format=png&auto=webp&s=0c455f34e09a72e1ba594a3cc5c853638c1b56f7 + +These expirations of large options interest seem to have a direct correlation with price pikes ALL GODDAMN YEAR. To calculate this, take the expiration with large DOOMP interest, add T+2+35c (see [compendium DD](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/?utm_source=share&utm_medium=web2x&context=3)for how to calculate this). + +**Here's the tracking data in case you want to see it for yourself:** + +https://preview.redd.it/q6dvz5dc9pd81.png?width=2585&format=png&auto=webp&s=243c6f4a017eb0f267cb527d1021027677c4a9a5 + +[Source sheet, options analysis tab](https://docs.google.com/spreadsheets/d/1GidBv-fykqRih6WfbkEceJgGS1ybE2ZdPNn5ROG26Kc/edit?usp=sharing) + +This is not to say this is the only thing moving the price. You can see other things at play - even today (and through the 25th) you will likely see FTDs hitting in accordance with u/gherkinit's cycles theory and the aggressive shorting they did to get us under GEX. + +**TADR**: + +Watch DOOMP, expiration, they seem to correlate on spikes for T+2+35c. Other things move the price too, and FTD cycle is upon us! **Jacked!** + +Adding this from the comments, credit to u/arikah + + + +>**Too Ape for TADR you smooths:** +> +>On every major Deep Out Of The Money Put expiry date, where the shorties have stashed hundreds of thousands of Puts representing millions of shares of exposure for their variance swap game, nothing happens. HOWEVER, T+2+C35 later (count two business days from expiry then add 35 days regardless of weekends), there is sudden strong upwards price movement, usually in the morning. This has happened on 3 past large expiry cycles and there is no reason to believe that it won't happen again, soon (around Feb 28/Mar01 2022). +> +>This Feb, they have to deal with *two* large cycles in a short time frame, on top of whatever is due in Jan. Option prices are stupid high with jacked IV because the market *knows* something is going to happen soon. Many people have been tracking this stuff for months, myself included, and it's as good of a bet as any out there, maybe even as good as MOASS. +> +>It might not lead directly to MOASS, but if you're confident enough in options (or just a fucking degenerate) then that first week of March looks pretty good. + +&#x200B; +I don't really have anyone else to tell this stuff to. + +In 2015, at age 24, my gross income was under $12k. I was living in an very expensive area (one of the top 10 most expensive in the USA) with 5 roommates, barely scraping by on food each month. In fact, at one point, I had less than $1k in my bank, with rent to pay. That year, I started reading this sub, along with r/personalfinance and r/investing, among a few others. I became motivated, and formed a concrete plan. + +I started cutting anything I could cut, saving every tiny little bit I could, and searching for any opportunity I could find. I started tracking every single dollar that I earned and spent. I fought until I got a better job. Got rid of my $800 car, bought a bicycle. Searched high and low for a cheap apartment. Found a tiny room I could afford with my girlfriend. Less than a mile from both of our jobs. Cook at home, mostly. Rice, beans, lentils, eggs, and cheap in-season veggies. Spices make everything great. + +Now, almost 4 years later, my gross income is over $40k. Over 65% of my money goes into retirement accounts. I have a 6-8 month emergency fund. By conservative projections, I'll be worth in the 7 figures by the time I'm in my 50s. In fact, my current projected earliest safe (3% withdrawal rate) retirement age is 42 (extrapolating from two years of my spending habits and portfolio growth, excluding my pension and social security). Only 14 years from now. + +Thank you guys so much. I've mostly been a lurker, and generally switch accounts often, but I've been here. And I've been reading and learning the whole time. This place is incredible, and I appreciate every one of your contributions. + +To anyone getting started, learn Google Sheets. You can easily make web forms, so I add all of my income and spending information on my phone. It takes me less than 15 seconds a day, and I track literally everything. From that, I'm able to do all manner of incredibly illuminating analysis on my spending habits, and good guesses about the future. It's been one of the most transformative habits I've ever formed. + +EDIT: By popular demand, here's a post about my spreadsheet: + +https://www.reddit.com/r/financialindependence/comments/armyzp/by_popular_demand_my_finance_spreadsheet/?ref=share&ref_source=link +This should be common sense: DO NOT BUY THE STOCKS THAT THE PEOPLE ON CNBC TELL YOU TO BUY. It's either a pump and dump or the stock's already up like 20 percent by the point that you can buy. It always crashes. I'd actually go a step further and say that you should sell your stock if the people on CNBC tell you to buy it. If they tell you to buy weed stocks, wait until the prices inevitably fall to buy it. If they tell you to sell stocks, then that's when you gotta buy. +This is assuming you stay together for life. + + +Edit: I want to know in general, but for those that prefer to make i more specific: M(26) F(27) assume 5-10k each in savings, ~35k each income. F is a 3rd year elementary school teacher for a charter school (Title I for years 1, 2, and 4 once the new school is approved). Just a general teacher, not special education, etc. +My mom has some money she would like to invest in the market and i suggested that she invested it in VOO. Do you guys recommend DCA or lump sum? Thank you +I originally was doing 50% VTI, 25% QQQ, 15% VYM, and 10% VB, but I have found the returns are quite similar and these funds have significant overlap/saturation. + +I am considering doing 100% VFIAX, which is the mutual fund variant of the S&P 500, that will allow me to do automatic deposits - $500 a month and automatic dividend reinvestments. + +For being a relatively small amount of money a year ($6,000), I am not too concerned about diversifying or adding bonds. I feel that 500 of the brightest companies are decently diversified and should do well over the long term (30 years plus). + + +Considering that 86% of people can’t beat the market, why not just buy the market?? + +My plan is to deposit $500 a month into the S&P 500 in my Roth until I retire. And do small dollar amounts in taxable accounts in single stocks just for fun/speculation. + +Curious everyone’s thoughts on this plan… + + +Thanks +So this is the first year that I was able to max out my Roth IRA and currently have a mix of SWTSX, VGT and SCHD. + +I don't know if I can handle seeing my retirement funds in Red so regularly. + +I keep thinking if I had kept this amount in a regular savings account, there wouldn't be any gains but I would still have what I put in. + +Is there any alternative for Roth IRA that can guarantee even a small amount of growth without the stress of market fluctuations? Thanks! +After reading different posts about these ETFs and which one is better. I'm just curious about which ETF everyone invested in. + +If you have thoughts, say them or forever hold your peace :) + +Thanks in advance! + +[View Poll](https://www.reddit.com/poll/xk0qis) +# -------------------------------------------------------------------------- + +# COMPUTERSHARE / DRS MEGATHREAD IS HERE --->>>> [https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare\_megathread/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +\------------------------------------------------------------------------------------------------------------- + +What’s up Apes! + +We have an upcoming Text-Based AMA with Matthew Ball Tomorrow Wed 27th at Midday EST!! + +For those of you that don’t know Matthew is the Metaverse Writer that BCG (Poop) quoted without Citation and who Mr RC responded to on Twitter. + + + +https://preview.redd.it/nhe1lyju1vv81.png?width=895&format=png&auto=webp&s=7677161c1910dc06916cf92c18eb704f6560349d + +# A BIT MORE ABOUT MATT + +&#x200B; + +https://preview.redd.it/lwegync52vv81.png?width=1000&format=png&auto=webp&s=c80d64b401eb657e9d03b8f2e67d2d276bfb3eaa + + + +**BIOGRAPHY:** + +Matthew Ball is the Managing Partner of EpyllionCo, which operates an early stage venture fund, as well as a corporate and venture advisory arm. EpyllionCo’s portfolio includes Genvid Technologies, The Athletic, Dapper Labs, Antenna, Subspace, Dave’s Hot Chicken, Parrot Analytics, Pushkin Industries, Blaseball, Headspace, Mirror.XYZ, One More Multiverse, and many other unannounced companies. + +In addition, Matthew is a Venture Partner at Makers Fund, the world’s largest gaming venture fund by AUM, Advisor to KKR, and a co-founder of Ball Metaverse Research Partners, which creates and maintains the index behind the Roundhill Ball Metaverse ETF, which can be found on the New York Stock Exchange (Ticker: $METV). Matthew is also an “Occasional Contributor” to *The Economist.* + +From 2016-2018, Matthew served as the global Head of Strategy for Amazon Studios, and prior to that was a Director at The Chernin Group's Otter Media, a digital media investment company founded by long-time Newscorp COO and 20th Century Fox CEO Peter Chernin, and an Executive at Accenture Strategy. In the 2000s, he was a full-time forest fire fighter as part of Canada’s Ministry of Natural Resources, and issued boating licenses on behalf of the Canadian Coast Guard. + +Matthew holds bylines at *New York Times*, *The Economist,* and *Bloomberg*, and has been covered by those publications, as well as *The Atlantic, The Wall Street Journal, The New Yorker, Washington Post, Vice, The Verge, CNN, CNBC, Financial Times, BBC, Globe and Mail*, and others. + + + +**COVERAGE:** + +*“Matthew Ball returns with another awesome essay on future platforms and the battle over closed ecosystems!”* ***-*** ***Tim Sweeney, CEO and Co-Founder, Epic Games*** + +***“****I thought Matthew Ball’s essays were great, and anyone who’s trying to learn about \[the Metaverse\]… he wrote a* *nine-part piece* *on a bunch of the different aspects of what the metaverse could be, and I highly recommend all of them.”* ***-*** ***Mark Zuckerberg, CEO and Founder, Facebook*** + +*“Even Zuck\[erberg\] knows how smart Matthew Ball is”* ***-*** ***Daniel Loeb, CEO and Founder, Third Point*** + +***“****At Coinbase, our thinking about the Metaverse has been heavily influenced by venture capitalist and writer Matthew Ball”* ***-*** ***Brian Armstrong, CEO and Co-Founder, Coinbase*** + +>"\[After Matt published 'Disney-as-a-Service'\], Kevin Mayer called and said 'Hey, Bob Iger and I would like to have lunch with you'...And Iger, I’m going to paraphrase here, says 'You know, you’re an idiot.' And I’m like, 'Why is that, Bob?' And he goes, “You give away for free what we pay tens of millions of dollars a year from management consultants for.” ***- Jason Hirschhorn, as reported by Peter Kafka at Recode*** + +*“There are plenty of smart media moguls. But the smartest of them ask Matt what he thinks they should do next.” -* ***Gady Epstein, Media Editor, The Economist*** + +***“****Matthew Ball, a venture capitalist and prolific essayist”* \- **New York Times** + +*“\[Matthew Ball\] is probably the most insightful Netflix analyst out there... I never learn so much about the media business than when I’m reading \[him\]"* ***- Felix Salmon, Chief Financial Correspondent, Axios*** + +*“Matthew Ball is an essential read. His tweetstorms are a must follow and his dispatches on the state of streaming are bookmarked and deeply scrolled. He's clear eyed about the industry's faults and its potential, and few present such original thinking about media and technology. Every time I think I’ve got a grip on the business, Matthew will suggest a new thought, a curlicue of insight that makes me bang my fist on the table and wonder, Why didn’t I think of that?!”* ***- Ed Lee, Media Reporter, New York Times*** + +*“This is one of the best business articles I’ve ever read.”* ***- Mark Rein, Co-Founder, Epic Games*** + +*“I learn more from reading \[Matt’s\] deep and thoughtful analyses than I do from reading anything else. \[Matt is\] a gift to those of us in the industry who are trying to figure things out. \[He is\] my great translator and prognosticator and you make it all simple and palatable to understand.” -* ***Quentin Schaffer, EVP Comms, HBO*** + +*"We recommend Matthew Ball's take on \[Netflix’s future\]”* ***- Financial Times, Alphaville (April 2019)*** + +*"Matthew Ball is the smartest media analyst I read. And I read a lot of media analysis."* **-** ***Derek Thompson, Economics, Technology, & Media Reporter, The Atlantic*** + +*"We recommend Matthew Ball’s excellent long-read on \[Disney’s future with ‘Star Wars’\]* ***- Financial Times, Alphaville (August 2019)*** + +*"\[Matthew Ball\] is considered one of the most authoritative voices on big media business" -* ***Sara Fischer, Media Reporter, Axios*** + +&#x200B; + +If you have some questions in Advance for Matt, fire them in the comments below and we will pick a few to be answered in the AMA post tomorrow. + +Metaverse and BCG are primary topics +Ukraine has announced it will issue war bonds to support its war effort against Russia. I understand that I will probably will not get this money back or any returns and I am ok with that. Does anyone know how I go about buying some of these war bonds? +Yesterday Meal Venezuela gave 1,719 pounds (780 kilos) of food to people in need in my community. This was only possible thanks to you contributions through cryptocurrencies. I'm extremely happy for the results of this project that is being able to give more food every time. More than 1 ton of food has been given in a few weeks. Hundreds of people in my community has been able to receive bags of food. + +I want to let you know that we have a new website where you can read a bit more about the project Meal Venezuela https://mealvenezuela.org/ + +You can also follow us on Twitter https://twitter.com/MealVenezuela + +Some pictures! + +[https://i.redd.it/1krqvf6goys61.jpg](https://i.redd.it/1krqvf6goys61.jpg) + +[https://i.redd.it/2grv5k6goys61.jpg](https://i.redd.it/2grv5k6goys61.jpg) + +[https://i.redd.it/8f3xso6goys61.jpg](https://i.redd.it/8f3xso6goys61.jpg) + +[https://i.redd.it/1e2ge07goys61.jpg](https://i.redd.it/1e2ge07goys61.jpg) + +[https://i.redd.it/h824l87goys61.jpg](https://i.redd.it/h824l87goys61.jpg) + +[https://i.redd.it/l1ppys6goys61.jpg](https://i.redd.it/l1ppys6goys61.jpg) + +[https://i.redd.it/h0t9mv6goys61.jpg](https://i.redd.it/h0t9mv6goys61.jpg) + +[https://i.redd.it/jurfxs6goys61.jpg](https://i.redd.it/jurfxs6goys61.jpg) + +[https://i.redd.it/no33nz6goys61.jpg](https://i.redd.it/no33nz6goys61.jpg) + +[https://i.redd.it/mqcz5q6goys61.jpg](https://i.redd.it/mqcz5q6goys61.jpg) + +[https://i.redd.it/t6jpoq6goys61.jpg](https://i.redd.it/t6jpoq6goys61.jpg) + +If you wish to help with cryptocurrency donations to buy food, please send funds to any of our addresses. Thank you so much for helping us! + +Bitcoin: 16w9PsTMKGsd9u4wuGN6WV1tcQNrQBEQmU + +NANO: nano\_14mbf65xexhii4f8st6wmh3oqjpfd97fbfykqb9o1j81dn8ynszrbq9p594o + +Cardano: DdzFFzCqrhsiCjpHozf2qfwzjJiESoNaAiEXQZxMgLExcVcUoQWXt27GvnL39vj7pgrv2qYkxct9SoYUBeszogGsgTVk5Sf6oJvR9MMy + +Bitcoin Cash: bitcoincash:qrvg7ygrlxks9qnps74h2lflr3eaukr5gs95ywujdc + +Dash: XtyggxgFeUzBkSYwsHsiFYcLaT4immJJ8P + +Bitcoin SegWit: bc1qun795pt5d5wdrtu5hhd44rhxmvkmnjxqd3m496 + +Ripple (no TAG required): rD9ZAoVpE9SRZ451MQqXSePzWboVEceeAM + +Ethereum: 0xa0f86b2fbbabc064261fc6e49ecaf6342a87c141 + +Litecoin: LTfNEeUcJDVUpYHzquFSFvvq47PCeYaAbo + +BAT: 0xde9cbdc86fe1d737ffb7e063b77de941108965c8 + +DOGE: D5Co6S764mNLTrNfRphX3rfY33ryFT5zsh + +BNB (no MEMO required): bnb1r7dxqmzsdnwq5k2tt7jntckedgpmsp6rdlnvfw + +Polkadot: 14B1S3GqLrMy6oLNfukYmzbMy48b5sV7mRjQRBktWNqvGzQh + +Smart Chain: 0xF08fCfe47B948aC86ba4a627e926366f846F6714 + +Monero: 83nHWVWX1Ka9vXyZ9Yp9cnEHUGVdXZBMKAKaoxnbWgZRd6nk9mTvrJJMBLKW4CxBCn3K5LbqgjhVzNqGezkwzaRCUv4VKnr + +Chainlink: 0xa0f86b2fbbabc064261fc6e49ecaf6342a87c141 + +Zcash: t1aVLKnymhwFpsA4SHUJj4EsRfmY19dCXnf + +Hedera hashgraph: 0.0.156734 + +BANANO: ban\_1e1hkw4yjcsk15ptngktg1nzrwoq68wuzuz18bg3ukdathgznn6tqk5x7rdn + +AVAX: X-avax1j2cnse8kyas3kjtz22wlcl86ehyxfnvxh8mrny + +ALGO: AV5MVN4VLYPDHFDO67W7TNYD2ESCOIXVIQ2QVGHPZ4KCIOS45V5EBWH5H4 + +XLM: GBFP3PDQDERIVCERF5K3NGJDB3JC3NABT3HNJOMHPGDMCJYKYXIDHG5P + +DGB: DFeEegHET954fpjydgPY2rqsmggoGsDjVA +Article from Bloomberg. + +You don’t need to feel too sorry for Jamie Dimon, the chief executive officer of JPMorgan Chase & Co., the largest bank in the U.S. by assets and the largest in the world by trading and fee revenue. But it’s easy to see why he might be miffed at the Federal Reserve at the moment.  + +On March 19, the Fed [announced](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210319b.htm) that a temporary regulatory break for banks will expire as scheduled on March 31. Dimon had told investment analysts in January that if the break went away, his bank would have a financial incentive to turn away deposits, as it has done in the past (for large institutional deposits, that is; the bank still likes retail deposits, which tend to be sticky and produce other banking business). + +Here’s a snippet from the Jan. 15 earnings call as I transcribed it from Bloomberg’s recording: + +*Dimon* +*Remember, we were able to reduce deposits $200 billion within like months last time.* + +*Jennifer Piepszak, chief financial officer* +*Yeah.* + +*Dimon* +*But we don't want to do it. It’s very customer unfriendly to say, “Please take your deposits elsewhere ….”* + +It’s common for Jamie Dimon to complain about “gold-plated” banking regulation, but in this case he seems to have a point. A Fed regulation that makes it unprofitable for banks to take in deposits—when taking in deposits has always been a key function of banks—is a bit hard to justify. + +How we got to this point is complicated but interesting. The old style of bank regulation was to limit the leverage of banks. It was analogous to how banks themselves require homebuyers to have some skin in the game. Homebuyers have to put in some of their own money so the mortgage loan  they get is smaller than the value of the house they’re purchasing. That way if the homeowner stops making payments, the bank can seize the house, sell it, and get back what it lent. Similarly, under simple leverage regulation, banks had to show that the value of their assets (such as the loans they make and cash in the vault) was substantially greater than their liabilities (such as the deposits they take in, which is money they owe to the depositors). Roughly speaking, the excess of assets over liabilities was called capital. + +But that simple system failed. Banks can make more money by going big on risky assets like high-interest loans than by investing in safe, low-yielding stuff like Treasury securities. And as long as regulators treated all assets alike, it made sense to load up on risky ones. But risky assets are more likely to go bust, so regulators wisely started taking the safety of different assets into account. It was a big improvement but not perfect: Some banks understated the riskiness of their assets, which became a problem in the global financial crisis of 2008-09. For instance, some banks loaded up on the debt of their national governments because it was given a zero risk-weighting, when in fact it was highly risky. + +The new system is belt and suspenders. The belt is risk-weighted capital regulation, under which riskier assets require a bank to have more capital against them, while very safe assets require little or none. There’s also a backup system—the suspenders—where all assets are treated alike, just as in the old days. This is called the supplementary leverage ratio. It was agreed to by a wide range of nations under the auspices of the Bank for International Settlements and took effect in 2018. The SLR is meant to deal with situations where a bank has loads of assets that aren’t as safe as they’re said to be. + +The suspenders are supposed to hang loose most of the time while the belt does the real work of holding up the pants, so to speak. In last year’s Covid-19 recession, though, banks suddenly got flooded with more assets than they could handle. The Fed bought Treasuries to drive down interest rates and paid for them by creating reserves, which show up as assets on banks’ balance sheets. Businesses drew down lines of credit and deposited the proceeds in banks. Consumers’ bank accounts were swollen by government relief checks. Demand for consumer and business loans was weak so banks stashed most of the incoming money in Treasury securities or left it in cash. (Funds from customers are both an asset to the bank, because they can invest the money, and a liability, because they have to return it some day.)  + +Suddenly the suspenders weren’t so loose anymore. Without even trying, banks had acquired a lot more assets on their balance sheet. Most were super-safe, but the supplementary leverage ratio applied equally to every dollar of them, regardless of their safety.  + + +Realizing there was a problem, the Federal Reserve and other federal bank regulators in May 2020 exempted Treasuries and reserves at the Fed from the calculation of the supplementary leverage ratio. Not permanently, but through March 31, 2021. It said the exemption “will provide flexibility to certain depository institutions to expand their balance sheets in order to provide credit to households and businesses in light of the challenges arising from the coronavirus response.” + +This year banks lobbied vigorously for the exemption to be extended or even made permanent but, as mentioned above, on March 19 the Fed said without explanation that the exemption would end at the end of this month. + +What happens now? Nothing right away. Banks have more capital than they need so they won’t have to shed assets starting April 1. Zoltan Pozsar, an analyst at Credit Suisse Group AG, wrote in a [note](https://plus.credit-suisse.com/rpc4/ravDocView?docid=V7qjPE2AN-VHSK) to clients on March 16, ahead of the Fed announcement, that “Neither the Fed nor the market should fear mayhem if the exemption expires.” One key reason, he said, is that the major banks won’t be affected by the expiring exemption because they never opted into it in the first place for their operating subsidiaries. And, he wrote, 90% of the currently exempt Treasuries and Fed reserves are being held at the operating subsidiary level.  + +In the longer run, though, there could be problems. Pozsar wasn’t quite as blithe when he discussed the supplementary leverage ratio on the Odd Lots podcast [aired](https://www.bloomberg.com/news/audio/2021-03-03/zoltan-pozsar-on-what-just-happened-in-treasuries-podcast?sref=AMvrlaMu) by Bloomberg on March 3. If banks like JPMorgan Chase push away institutional deposits by charging fees or putting on negative interest rates, the money will spill into money market funds, he predicted. But money market funds won’t have any good place to put the money either, he said. If they pour into Treasury bills, they could push the bill yields negative. But money market funds can’t afford to earn negative returns because they promise to pay back investors 100 cents on the dollar. + +Pozsar said the Fed system could assist by allowing money market funds to stash more money with it through overnight reverse repurchase agreements. The Federal Reserve Bank of New York did just that two weeks later, [announcing](https://www.newyorkfed.org/markets/opolicy/operating_policy_210317) on March 17 that it would allow each of its counterparties to do overnight reverse repos of $80 billion a day, up from $30 billion previously. Pozsar, who used to work for the New York Fed, [called](https://www.bloomberg.com/news/articles/2021-03-17/powell-stays-silent-on-extending-fed-s-capital-relief-for-banks?sref=AMvrlaMu) that “foaming the runway” for the March 31 expiration of the supplementary leverage ratio exemption. + +In 2014, when the supplementary leverage ratio was under discussion, Fed staff predicted \[[PDF](https://www.federalreserve.gov/mediacenter/files/open-board-meeting-transcript-20140409.pdf)\] that the impact of the enhanced version of the ratio on the biggest banks would be modest because, after all, the Fed was about to start shrinking its balance sheet. In reality the balance sheet is bigger than ever now and still growing. As the Fed continues to buy Treasuries and mortgage bonds and pays for them with reserves, banks’ assets will continue to swell and eventually the supplementary leverage ratio could become the “binding constraint” on the banks’ behavior; the suspenders will become tight. That would be a return to the bad old days.  + +Some of the resistance to keeping the leverage exemption in place past March 31 is based on concerns that banks need bigger safety buffers. That’s a legitimate concern. But the question of how much capital banks need is separate from the question of how those capital levels should be determined. There area actually four ways of setting capital—risk-weighted capital, supplementary leverage ratio, post-stress estimate of risk-weighted capital, and post-stress estimate of supplementary leverage ratio. That ends up causing confusion and treating banks differently when they’re engaged in the same activities. + +It’s “not clear you can fix the gaming of one rule by adding more rules,” says a 2017 presentation \[[PDF](https://www.brookings.edu/wp-content/uploads/2017/09/6a_stein.pdf)\] by Robin Greenwood, Sam Hanson, Jeremy Stein, and Adi Sunderam of Harvard University and the National Bureau of Economic Research for a *Brookings Papers on Economic Activity* conference. Their preference: A single standard that takes into account stressful scenarios and is “generally more sensitive to the kinds of data that you wouldn’t want to bake into a hard rule.” + +The Fed may end up having more to say about this. +Perhaps a lot of us here hold some GME (myself included) because you believe in it, or just want to hop in on the fun. But I'm having trouble finding logical answers to basic questions regarding the theoretical squeeze. It's a cult over in superstonk and GME subs, can't get straight answers. + +The squeeze theory at it's core hinges on hedge funds needing to cover a massive short that includes millions of synthetic Gamestock shares. When it eventually must reconcile, the share price will moon to 5K, 50K, 500K etc. Per share. Some even believe a single share could reach millions of dollars. (!) + +My question I can't seem to get an answer to is: who actually pays this theoretical megafortune out? If billion or trillions are owed to cover, the hedgefunds go under. The market makers go under, and there's a domino effect. The US economy tanks. Is that the idea? Or the gov steps in for a bailout, which at this scale also would be a catastrophic event. Either way, what would the USD be worth in those scenarios, even if you had millions of it. + +Do apes truly believe the endgame is something like this? Or am I missing something... +**Introduction:** + +If you would like to watch my Youtube video explanation click [here](https://www.youtube.com/watch?v=SNRZQP1AEXc). + +If you would like the article with pictures click the Substack link [here](https://joshsinvestmentideas.substack.com/p/my-favorite-faang-stock). + +*Disclaimer: I own shares in FB.* + +I am taking a second look at the various positions that I currently have within my portfolio and wanted to talk about one of the FAANG stocks. Today we are going to be looking at Meta Platforms (previously Facebook) and why I think there is an opportunity in this company even though it is one of the big mega caps. The Metaverse is a new key buzzword that we are hearing about today, but that is not the only opportunity we may have. This company is heavily reliant on their ad revenue, but they cash flow very well which can help them spawn new ideas and business ventures. + +TLDR: There are many opportunities for a decently valued company if you believe the story and if they can continue to use their ad revenue to add more growth levers. I don't think this is worth speculating on just the Metaverse opportunity if that is what you trying to do. + +**FB - Meta Platforms:** + +“Our mission is to give people the power to build community and bring the world closer together. We build useful and engaging products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and in-home devices. We also help people discover and learn about what is going on in the world around them, enable people to share their opinions, ideas, photos and videos, and other activities with audiences ranging from their closest family members and friends to the public at large, and stay connected everywhere by accessing our products, including **Facebook**, **Instagram**, **Messenger**, **WhatsApp,** and **Facebook Reality Labs**. Facebook Reality Labs' augmented and virtual reality products help people feel connected, anytime, anywhere. Oculus Quest. We generate substantially all of our revenue from selling advertising placements to marketers. Our ads enable marketers to reach people based on a variety of factors including age, gender, location, interests, and behaviors. Marketers purchase ads that can appear in multiple places including on Facebook, Instagram, Messenger, and third-party applications and websites.” [2020 10K Filing](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001326801/4dd7fa7f-1a51-4ed9-b9df-7f42cc3321eb.pdf) + +I would be shocked if you use the internet and have not heard of one of these platforms before. Although, Facebook Reality Labs is a more recent growth lever for the company so you may have not been aware of the augmented and virtual reality opportunity that this company will have. As you will see in the points below this company is primarily an ad revenue driven company, but their interest is in connecting people through various social networks and monetizing that free service through their ads. + +**Starting Q4 2021 Facebook will break itself down into the following segments:** + +* **Family of Apps (FoA)** + * FoA includes Facebook, Instagram, Messenger, WhatsApp, and other services. +* **Facebook Reality Labs(FRL)** + * FRL includes our augmented and virtual reality-related consumer hardware, software, and content. + +*\*Note: I will give an update via video and a follow-up article when we receive the 10K for 2021. I am looking forward to their FRL segment being the growth lever while their FOA segment has steady growth with amazing cash flow for new businesses.* + +[Revenue Segment Screenshot](https://imgur.com/a/kGyuQIs) + +**Financials:** + +* Total Revenue TTM as of Q3 2021: $112.330B + +[Revenue TTM Screenshot](https://imgur.com/a/7LOWrNV) + +* Profit Margin is floating between \~30% - 35% recently. + +[Gross Margin, Operating Margin, and Profit Margin screenshot](https://imgur.com/a/CA4kIb7) + +* Current P/E: \~24 + * If you look back at the P/E over the years this has been driven down because of the net income expansion [PE Screenshot](https://imgur.com/a/2ZQNqD2) +* Share Repurchases: + * “As of December 31, 2020, $8.60 billion remained available and authorized for repurchases under this program. In January 2021, an additional $25.0 billion of repurchases was authorized under this program. During the nine months ended September 30, 2021, we repurchased and subsequently retired 77 million shares of our Class A common stock for an aggregate amount of $25.63 billion. As of September 30, 2021, $7.97 billion remained available and authorized for repurchases. In October 2021, an additional $50.0 billion of repurchases was authorized under this program.” - [10Q Q3 2021 Page 25](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001326801/0eeab029-1733-4296-acf8-fe5823d68872.pdf) + +[Share Repurchase Screenshot](https://imgur.com/a/g43R8Wg) + +* EV/EBITDA: \~16 +* Current Cash as of Q3 2021: $14B +* Total Debt as of Q3 2021: $0 + * Non-Current operating lease liability: $11.5B + +**Industry** + +* Post COVID-19, the value of the internet advertising market is estimated to grow from $359 billion in 2020, and is projected to reach $1,089 billion by 2027, growing at a CAGR of 17.2%. The current estimation of 2027 is projected to be higher than pre-COVID-19 estimates. The COVID-19 outbreak has \[a\] low impact on the growth of the internet advertising market. …Asia-Pacific is expected to observe \[the\] highest growth rate during the forecast period as the proliferation of mobile, social media, and apps is the major driving factor for the progressively growing internet advertising market across the region. Particularly, in countries, such as India, China, and Indonesia, apps are growing \[in\] importance due to the ubiquity of smartphone usage as well as gaming. - (Link is on the substack since Reddit did not like the link) +* EMarketer sees Facebook as one of the largest digital ad revenues ([Link](https://www.emarketer.com/content/duopoly-still-rules-global-digital-ad-market-alibaba-amazon-on-prowl)): + +[Emarketer Screenshot](https://imgur.com/a/pQWzcza) + +**Strengths:** + +1. Brand Name and large population adoption - + 1. The various platforms owned and grown by Meta Platforms are some of the top players in most countries. Interestingly, there are still many opportunities for growth even though platforms like Facebook are starting to hit a plateau with users. This will come in the form of improving the average revenue per user (ARPU) where the US and Canada are primary drivers of ARPU at the company. If Facebook is able to work out a deal with India and penetrate the Indian market, there are significant gains to be had with a population rapidly growing in the technology space. [ARPU Screenshot](https://imgur.com/a/yFRtOj8) +2. Also according to Statista.com, Meta Platforms owns 4 of the 5 most popular social platforms([Link](https://www.statista.com/statistics/272014/global-social-networks-ranked-by-number-of-users/)): [Statista Screenshot](https://imgur.com/a/36RcepT) +3. Metaverse + 1. CEO Mark Zuckerburg wants to build out the FRL segment of their business a lot more and that is why the company decided to switch its name from Facebook to Meta Platforms. He sees this as a big opportunity and they have been allocating a lot of the R&D spend towards building out this segment of the business. The Oculus Quest 2 application was one of the top downloaded this Christmas which indicates that there were big purchases within this last quarter. According to Quartz.com, “Downloads of the app to support Oculus, Meta’s virtual reality brand, rose to the top of the mobile app store charts after Christmas, suggesting its headsets were popular gifts this year. Before this week, Oculus was a top 10 iOS app in only one country—the US—but by Dec. 26 became a top-five app in 14 different countries and the number one app in the US, according to Justin Patterson, an equity research analyst at KeyBanc Capital Markets. The app topped the Google Play store on Android devices as well” ([Link](https://qz.com/2107700/metas-oculus-was-the-top-app-in-the-us-on-christmas/)). The opportunity to build out the platform is similar to the ecosystem that has been built off of the Instagram and Facebook platforms. +4. Large Cashflow and Spawner mentality + 1. This company is using its ability to generate cash flows via the ad revenue portion of the business and plowing it into R&D projects like the Oculus opportunity. This sort of spawning will allow them to pioneer platforms and establish a moat via the first-mover advantage that they have. Luckily for them, they have so much data from their users on the current platforms that they can dictate what is needed on the new upcoming opportunities. Also, they can better serve ads to increase the efficiency of companies spending on running ads. Although, the new IOS update from Apple will hurt them at least in the short term for the ad spend efficiency. + +**Risks:** + +1. Political Risk + 1. As one of the big tech companies, Congress has set its sights on Facebook and Instagram due to the censorship and advertisement where kids are concerned. There could be laws or regulations that negatively affect the value of this company and out of all of the big tech companies, FB seems to be the biggest target of the negative press. +2. Big Spend on R&D + 1. As is normal with tech firms, FB spends a lot on R&D and the risk is that it does not convert to another growth lever. Luckily, the FRL portion of the business seems to be working very well, but if there are any spending holes that happen it will hurt the company. More than likely, this R&D will be beneficial to the company’s long term growth [R&D Screenshot](https://imgur.com/a/I9Qz9mF) +3. Dependance on Ad Revenue + 1. The company relies heavily on Ad revenue from other businesses which may see huge pullbacks if we go into a recessionary cycle where companies need to pull back their marketing spend. They are trying to branch out where their revenue comes from, but until that point comes it is important to watch other large ad companies like Google. This will tell you if there are any slowdowns in the industry as a whole or what part of the cycle the ad spend is in. +4. Privacy Changes and Lack of Control over Devices + 1. One of the downsides with Meta is that their platforms like Facebook, Whatsapp, and Instagram all use Android or Apple’s IOS as their system software. Due to utilizing another company’s software, Meta is going to receive privacy changes like Apple made in 2021 to their IOS 15 update. The impact was discussed by Graham Mudd, VP of Product Marketing, where he stated “We've heard from many of you that the impact on your advertising investment has been greater than you expected. The cost of achieving your business outcome may have increased and it’s also gotten harder to measure your campaigns on our platform” ([Link](https://www.facebook.com/business/news/navigating-change-and-improving-performance-and-measurement)). + +**Discounted Free Cashflow Model** + +If you would like to see my worksheet the link is [here](https://docs.google.com/spreadsheets/d/11brFUdpp_vRcRUKaEH4MAtn8C4iVy8GcDmvGab40OcA/edit?usp=sharing). My youtube video's DCF numbers will be slightly lower, but I am still looking to add if we get below $290. + +[DCF1 Screenshot](https://imgur.com/a/SDhLwss) + +[DCF2 Screenshot](https://imgur.com/a/g8VeiFk) + +**Closing Thoughts:** + +Out of all of the FAANG stock, this is definitely my favorite company to be holding right now and if it drops below $290 due to overall market weakness I will definitely be adding to my position. I think the valuation and current fundamentals should be focused on viewing the ad revenue segment of their business, but also understanding where the metaverse may go in the coming years. For me personally, I am buying for the ad portion of their business because I think it is a healthy and growing industry. +Hey everybody, + +First post on r/ValueInvesting + +I’ve always been a huge admirer of Buffett and Munger, and a lot of the reason why I hold a substantial position in my portfolio of BRK is because of my respect for their investing philosophy. + +The issue is that I would not purchase any of the publicly traded companies that BRK owns myself — a few of the other opportunities in the market are much more attractive to me at the moment. + +When Buffett and Munger were younger they held 3-8 stocks at a time and built their fortunes concentrating their portfolios on a few of the best investment opportunities they could find. Due to the sheer size of BRK they have had to shift to buying and holding only very large companies. + +My question is: do you guys think it’s better to sell BRK and buy individual companies that I see as more attractively priced, or do you think it’s unwise to trust my own investing judgement over investing legends like Buffett and Munger? + + +Edit - Here is a short description of my existing investing experience and strategy: + +I love learning about companies and have been reading about five 10ks a week for the last 3 years. If I have a positive impression of a company I will put it on my list, read each quarterly filing (and update my calculation for intrinsic value), and wait for an event to cause the stock price to drop. If I don’t believe the root cause of the price drop will negatively impact future cash flows (or if the drop is disproportionate to the potential impact to cash flows) I will enter a position. +Good morning folks, let me introduce you to one of the most undervalued company I have seen in a long while. I am talking about $GLBS, also known as Globus Maritime. + +**Who they are and what do they do** + +Globus Maritime is a drybulk shipping company operating on a worldwide basis. What does that mean? They currently own and operate 9 drybulk carriers on a worldwide basis.. These are not container ships, they store and transport raw commodities such as iron and other ores, coal, grains, sugars and cement. + +(ValueInvesting subreddit does not allow pictures so I will resort to links of uploaded images for my spreadsheets) + +\[Diamond-Globe-photo.jpg\]([https://postimg.cc/hhMq3Mnh](https://postimg.cc/hhMq3Mnh)) + +This is Diamond Globe, their biggest vessel, technically known as a Kamsarmax + +&#x200B; + +**Where does the value sit** + +There are a few different ways of approaching this to find value, but first, a preview of their financials. The company has a Price to Book Value of 0.2, specifically it has Assets for $196 million, total Liabilities for $37 million and Equity for $159 million. The company has lost money for a while, but in recent years they have expanded their fleet, fixed their balance sheet and have become profitable. 2021 was the turnaround year for them, with a Net Income of $15 million, and in **Q1 2022 alone they have generated a Net Income of $12 million with a Free Cash Flow of $8 million.** + +**Note:** “For dry bulk, seasonality is mainly focused on weather-related disruptions, seasonal construction demand, stocking cycles, heating degree days, and grain harvesting. Most industry participants know that the first calendar quarter of each year is the weakest period of the year”. **This means that they generated close to FY 2021 Net Income in Q1 alone, which is supposed to be their weakest industry-wide.** + +I am now taking you through my 3 approaches for valuing the company with 3 different horizons, but first I need to explain some things about the industry they work in. + +1. Their top line depends on the demand for raw commodities such as the ones cited beforehand. This means that the demand for their services depends to some degree on economic activity, but mainly from the demand of the raw commodities they ship, which due to the essentiality of most materials they transport makes them highly resilient, although intrinsically seasonal. +2. The fleet of bulk carriers that they own is valued at cost minus depreciation, which may reflect either a depressed or overstated value based on the market conditions, that’s why during my analysis I have also taken into consideration the safest way of valuing their fleet: scrapping value. When a ship cannot be sold, is too old to operate or the market conditions make it a more profitable choice, ships get sent to the recycling facility to get scrapped and the company receives cash/ton of scrapped vessels based on current scrap markets rates. This is the safest and surest way to value their ships, meaning that their value cannot be less than how much it would be worth to scrap them. +3. The scrapping rates are calculated as $XXX / ldt (light displacement tonnage), which is used to define the total weight of the ship alone, without any equipment, fuel or anything else (basically the weight of the scrappable material). The company does not make this data public, but I have been able to estimate their LDT using the data about their fleet that the company actually makes public + a study on the industry and how much of a vessel’s carrying capacity is then available to scrap (in technical terms, how to go from DWT to LDT). +4. The company’s vessels are estimated to have a useful life of 25 years each. + +*Valuation n.1 - A pure value approach to their current balance sheet* + +I will now deep dive you into their balance sheet and the valuation process, all the data shown next will reference their balance sheet on March 31st 2022. + +The company’s fleet is carried on their books for $128 million, they are sitting on $59 million in cash and have some other minor assets worth $7 million. + +The company has $30 million in debt and $7million in other minor liabilities. + +As for the scrapping value of their fleet, the current market rates ($550/ldt) the company’s fleet would be worth $110 million. I have used a more conservative and kind of worst-case scenario of $400/ldt in my valuation, which gives us a scrapping value for their entire fleet of $80 million. + +\[liquidation-value-today.png\]([https://postimg.cc/ts4Gj6XD](https://postimg.cc/ts4Gj6XD)) + +These are the possible liquidation values for the company based on their balance sheet on March 31st 2022 + +As you can see from the spreadsheet above, we have the DWT (Deadweight Tonnage, i.e. the weight of raw material each vessel can carry), the average conversion rate of DWT to LDT for dry bulk carriers, and some more data I will now walk you through. + +Scenario A (**Net A**) values the company using only their cash, scrap value and liabilities. This is the absolute worst case scenario liquidation value for the company, this means that I believe the company to be worth no less, in any possible way, than that $104 million. I want to stress this: the company is currently selling at below their available cash. Just subtracting their liabilities from their cash would leave the company with $22 million in cash and no debt whatsoever. Adding to all of this, the scrapping value of their fleet, that is, the value they can 100% get from their ships by recycling them is $82 million, for **a total worst case scenario liquidation value of $104 million, more than 3 times what the company is currently trading at.** + +Scenario B (**Net B**) uses the fleet book value instead of their scrapping value, all the rest stays the same. If one believes the company to be able to sell their fleet for 100% of their book value (cost of the ship - depreciation) then it would be worth $152 million on their balance sheet alone. + +Scenario C (**Net C**) is the one I believe to be the most reflective of their actual value from the balance sheet alone. It assumes that the oldest 6 vessels the company owns will be scrapped and the newest 3 vessels (each built in 2015, 2018 and 2015 respectively) will be sold for 80% of their book value (or at a 20% discount, however you want to call it). This valuation method would give the company a liquidation value of $130 million, which is more than 4 times what the company is currently trading at. + +**Note:** Remember that these three valuation estimates are highly conservative since we kept the scrapping value at $400/ldt while they currently sit at $550. + +*Valuation n.2 - A pure value approach to their 2024 balance sheet* + +This one requires some explanation as to how their balance sheet is going to change from here to 2024. On May 11th the company entered into two contracts for the delivery of 3 new vessels for a total cost of $108 million (which means that, in 2024, the company will be operating a total of 12 drybulk carriers). This will be financed either through equity or the creation of new debt. The first case might be possible due to the company’s history of issuing new equity to fund their activities but thanks to their current profitability and my future estimates (on which I’ll go more in depth later) I believe they could fund these new vessels through the cash they will generate and some new debt. Based on my estimates this is what the data will look like on December 31st 2024. + +\[liquidation-value-2024.png\]([https://postimg.cc/9zDBvQ5T](https://postimg.cc/9zDBvQ5T)) + +These are the possible liquidation values for the company based on their balance sheet on December 31st 2024 + +Scenario A (**Net A**) uses the same calculations as before, but the scrapping value does not keep up with the increased debt used to acquire the new 3 vessels so is actually lower than today’s worst case scenario. Either way, in 2024 I estimate the company to be valued at $90 million in the absolute worst case scenario, based only on their cash, the scrap value of their fleet and their total liabilities. **Still three times what the company is currently trading at.** + +Scenario B (**Net B**) uses the same calculations as before, so if one is to believe that the company can sell its entire fleet for the amount they carry on their books the company would be worth a total of $210 million in 2024 based on their balance sheet alone, **approximately 7 times what the company is currently trading at**. + +Scenario C (**Net C**) is the one that I believe to be the most reflective of the company’s value in 2024 based on their balance sheet alone. There are some differences from the calculations used in the previous Scenario C, but the approach is similar. The oldest 6 vessels are assumed to get scrapped for a rate of $400/ldt (again, very very conservative), then the 3 more modern vessels mentioned before are assumed to get sold for 70% of their book value (or at a discount of 30%, as you prefer) and the newest ships built and delivered in 2024 are assumed to be sold off at a 10% discount. **This gives the company a valuation of approximately $180 million based on their balance sheet alone at 2024’s end.** + +*Valuation n.3 - A consideration of their balance sheet and their future streams of revenue* + +This one is the more complete valuation of the company based on their future earnings potential but it’s also the least accurate since I am trying to, although conservatively, predict their future earnings, debt, costs, ecc. + +I’ve spent quite some time on this spreadsheet and I’ve kept a very conservative stance in predicting their future, for example, I’ve assumed a 30% decline in revenue in 2023 since 2021 and 2022 have been helped by a higher market rates for drybulk shipping and I’ve also accounted for a slowdown in economic activity. I’ve also assumed an interest rate hike of 4% for the entirety of 2022 (consequently weighing on their debt) and an inflation rate of 10% for the entirety of 2022 (weighing on their costs). I’ve also reduced the revenue for the 2nd half of 2022 since the first six months have been characterized by higher shipping rates which are currently falling to more normal levels. I feel that going through this spreadsheet would take too long, so I am going to leave it here for you all to see and analyze and I will respond to any comments and questions about it. **My personal valuation of the company, considering both the balance sheet and their possible future earnings potential is $260 million through 2027.** + +Link to the pdf of the spreadsheet: [https://docdro.id/mtrA1Dg](https://docdro.id/mtrA1Dg) + +My (SPOILER: LONG) comment from the spreadsheet about the financing of their new 3 vessels getting delivered in 2024: + +*Based on these projections FY 2022 should result in a Net Income of around $45 million.* + +*Three new bulk carriers are getting delivered in 2024 and they cost a total of $107.8 million, of which $21.2 million have already been paid in cash in May 2022.* + +*The company will need an additional $86.6 million dollars for the period 2022-2024 to fulfill their commitment, and could probably cover it fully with the cash they are going to generate, but are more realistically going to rely either on debt, new equity or both.* + +*It's hard to model the diluting effects of a possible equity offering (not knowing the future levels of the stock), so we are going to assume they will use a mix of cash and debt here (which is also a realistic possibility given their newfound profitability). Additionally, the effects of a possible offering would be borne by the shareholders and wouldn't affect their P&L as new debt would.* ***Given that they are currently trading at one fifth of their book value I think that, even in the case of a new equity offer, the shareholders would end up better off notwithstanding the dilution.*** + +*The CIT Loan Facility was negotiated when they carried 6 vessels on their books for a total of $58.9 million.* + +*They were able to negotiate a facility of $34.25 million at LIBOR + 3.75% with those assets as collateral, for a LTV of roughly 60%, which is the level at which, if the collateral falls below that, the company is prohibited from issuing dividends or doing buybacks.* + +*Hence, with the current value of their fleet sitting at $130 million I reasonably believe they could negotiate a facility of $65 million (let's stay conservative with a LTV of 50%, although if we assume the same conditions it could reach $78 million) at LIBOR + 3.75%* + +*Such a facility would allow them to repay the remaining $31 million from the previous facility while having around $35 million for their new 3 carriers coming in 2024.* + +*This would leave a net amount to fund of roughly $50 million, which I believe they could abundantly achieve through their current cash and that they will generate during 2022, 2023 and 2024.* + +*In the model we assume that the company will pay what's due in 2023 by issuing debt and then during 2024 use its cash to pay the final installment. That said, it is more likely the company will negotiate a facility and use only part of it in 2023 and use some of its cash on hand and then use the remaining fraction of the facility + the remaining cash in 2024.* + +*2023 revenue 0.7 multiplicator when compared with 2022 revenue is both due to the possible slowdown in economic activity due to high inflation and/or a possible recession and in part due to the fact that 2023 has in plan a number of dry-docking for their fleet, which will diminish their revenue-generating days of operations.* + +*Important note: the depreciation of dry-docking expenses for the new carriers received in 2024 won't start being recognized until at least mid 2027 cause they will be newly built, and even then in 2027 they won't be as heavy since the ships are new.* + +&#x200B; + +**Why is the company’s price so depressed** + +The company’s stock has been hammered down because of their past negative EPS and most importantly because of the heavy dilution that the shares have seen in the past; the company has never been shy in issuing new equity to fund themselves and heavy dilution can be first traced back to the 2010s (the company has been founded in 2006). Another reason for their lower valuation (although not thoroughly sensical) is the fact that this is kind of a family controlled company. Their chairman used to own 60% of it, he now owns shy of 1% of the company but before selling his stake during the years the company (under his control) has issued preferred shares to his son (an executive director to the company) which grant him almost full control of it (10300 preferred B shares have been issued, each having 25k votes each, which would grant him full control if not for the fact that he and his affiliated parties, even having the majority of the voting power, as per the company statute denies them voting for more than 49.99% of the controlling power). + +That said, I believe it to cause some misalignment of management’s interest with that of shareholders (since they have now little direct equity in the business) but their affiliates own around 38% of the company (so they have to be satisfied), plus they are managing it well and have in my opinion recently made a series of good and financially stable choices for their long term well being. + +**Possible risks and things to keep in consideration** + +1. One thing I do not explain to myself is why they are so illiquid. As I’ve said, the major shareholders in the company own around 38% of it, so the remaining 62% is in the hands of the market and no single other large major institution or shareholder, so I don’t know where all the volume is for the stock. +2. The company might dilute shareholders as they have done in the past to finance their business, but I don’t believe this to be a problem for three reasons, first they are now profitable and FCF positive, second they can negotiate new credit facilities thanks to the value of their collateral (Ships) having increased thanks to new acquisitions (and will keep increasing through 2024 once the new 3 vessels are delivered), and last with the company currently selling at one fifth of their book value dilution would have a limited effect on the shareholders and the value they hold. +3. A global recession, especially in China which is one of the main areas of operations for global shipping companies could affect their top line due to lower market rates for drybulk shipping. That said, I’ve estimated that they will be profitable even at the lower bound of market rates, although slightly, which gives me confidence in their ability to withstand a global recession. +4. Their debt is floating so they are susceptible to rate hikes, but they have negotiated a new facility which halved the rate they were paying a few years back, and even if rates were to double (which I have assumed in my conservative calculations) they would go back to paying what they were a few years ago, and I’ve calculated that they can fully sustain that additional interest. + +**How you can play this** + +Honestly I’m not here to tell you what to do, each has to make choices based on their research and risk appetite, these are solely my opinions shared on an online forum. That said, I believe there are a few ways to play this depending on one’s vision (short or long term) and one’s appetite for risk (stock vs options). + +*Short Term* + +I believe that the short term value play is to go long at these depressed levels and wait for their next Q2 earnings release (and if you have a slightly longer time horizon even for their Q3 release, which due to seasonality in the business is usually the strongest). Q1 2022 has been their best quarter ever and has generated almost the same amount of resources as FY 2021. If Q2 and Q3 (as I believe) will be as good or even beat Q1 then the stock will see a massive rise (in part given the outstanding proven result and on the other hand given their absurdly low price relative to their cash, debt and book value or scrapping value, as one wants to see it). In my opinion we are looking at a 3x in the worst case scenario given all of what I’ve explained in this DD. Best case scenario for me is an 8x. + +Most realistic scenario for me is a 5x in their market capitalization, accurately reflecting their value. + +*Long Term* + +Long term here means holding at least through 2025 which will be the year that from an operational point of view will see them operating 12 ships, 3 of which modern and 3 of which brand new and more efficient than all the others. This means that they will be operating at almost 2 times the capacity of 2021, generating consistently positive FCF and making it possible for them to distribute dividends for the first time since 2012. As they keep paying back their debt and look for profitable opportunities to expand their fleet, they will keep growing in the longer term and will invest back in the business. + +**Final note:** Remember that every single estimate is extremely conservative, I’ve modeled the worst case scenario in each and every valuation attempt presented in this DD. I am personally invested in the company and have a long stock position in it because I believe that, given everything I’ve laid out before, this is the most undervalued company I have seen in a great while, and with all my estimates being skewed towards the low bounds of anything positive that could happen and higher bounds of everything bad that could happen, I am even more convinced of my thesis. I hope this has been an interesting read for you and I’m looking forward to comments, criticisms or questions if you have any. + +**TL;DR:** The company is extremely undervalued by any possible metric, are profitable and FCF positive, are growing their productive assets and have just had their best quarter while Q1 is usually the most difficult for the industry they operate in. +Hello, + +I hope you all can advise me. My dad has been working in retail for the past 5 years and I've recently found out through a letter from his pension provider that his employer has not been paying his pensions regularily and is being investigated. + +He has since left this job, however upon creating an account and checked his pensions through nest, I've discovered he has less than £1200 in his pension pot. He is 65 years old and He will be working the next few years till retirement and paying more into his pension and his new employer is also paying into it. + +What are the options he has to maximize his pension gain till retirement? Would it be through transfers etc? + +As of now I feel like it's hopeless and I will probably be providing for him as his pension + state pension won't be enough for him when the time comes for retirement. + +Thank you + + +*edit - Hello everyone, + +First of all I can't believe how much attention this has received. I am so thankful for each and every one of you for replying to me and helping me process this situation. I'm so sorry I can't reply to all of you but I have read it all. + +I've had a sit down with my dad today, and discussed everything you've all mentioned, options regarding jobs he can do in his last 2 years for working, had a look with him at his current pension scheme he's enrolled on too, checked on the gov website for his NI pay which thankfully he has paid a good amount into since working and finally to all of you who mentioned that council tax & rent is free once retired has took a huge amount of relief from the both of us as this was one thing we were worried about. We will definitely do our best to make sure we can keep the home for him till he is able to fully retire. + +I have also opened a bonds account where I'll be deposit some money for him every month and I'll hand over to him once he retires or is in need of it. + +Once again can't thank you all enough, I really do appreciate all the help and messages. I have much to learn and it's been eye opening. +I believe clean energy is our future, not something nice to do for our Mother Nature. But something out of necessity, something that will affect the survival of our species if we do not adapt. + +Bought big into INRG/ICLN. almost a third of ma portfolio. Been falling ever since, over 6% of value gone. When should I pull out. Would you. + +Doesn’t change tho, I believe clean is the future. Clean is our survival. Have a good day. Best. + +17 Feb 21: update: market overall has been falling this couple of days. Inrg looking like a good opportunty buy now. I should have waited and buy now at a low, 10% value gone. Gonna buy some more inrg now while it’s on sale. +So I lived in a quadplex that I house hack. One unit is vacant and was broken into last night, I had the people kicked out. The damage is low just a broken window but the house smells like cigarettes what is a good trick to get rid of the smell? They only smoked in there for a night from what I can tell. But the smell is there. Any tips? +[Repost from /r/stocks] + +**TL;DR: Oil Inventories Steeply Falling, especially Crude and Distallates such as Diesel and Jet Fuel** + +Before proceeding with this post, please directly [read the original source](https://www.commoditycontext.com/p/how-low-can-oil-inventory-go?s=r) for the full context for the graphs, which I will also reproduce here for convenience. The author is Rory Johnston and I highly recommend following his [Substack](https://www.commoditycontext.com/) and [Twitter](https://twitter.com/rory_johnston) for some industry insights. + +Here is the [full album of graphs.](https://imgur.com/a/gYhGUBq) + +[Graph 1](https://i.imgur.com/Nh6d4oO.png) shows how inventories deviate from their average. Decomposing them into crude and refined show the main problem is in the crude sector. + +[Graph 2](https://i.imgur.com/6cREYZW.png) breaks down the drawdowns into segments. You can see crude and distillates are big drivers (diesel, jet fuel, and gas oil), while gasoline is mostly fine. [Graph 3](https://i.imgur.com/CZ9DOZf.png) separates into different graphs the inventories. Notice how gasoline is actually on the uptrend. Both Graph 1 and Graph 2 show just how steep the drawdowns are, which is why today's oil supply crisis is so noticeable. + +The last part of Johnston's post is on a peculiar trend in S. Arabia: [Graph 4](https://i.imgur.com/6qdyFAE.png) shows that even during Covid's trough in oil demand and ever since, oil inventories have been on a steady decline. The Saudis have decided to not hold onto as much inventory, and this is different from the inventory drawdowns elsewhere in the world. + +This was an extremely brief summary of the article, and I suggest directly reading his article, not my highlights. + +What's the takeaway? It's not too late to get into some parts of the oil market, especially those most severely affected by the drawdowns currently. These graphs suggest that the retail gasoline market is already starting to cool down, but clearly the crude/distillate markets have little relief in sight. + +Edit: More graphs! This one shows an index for capturing the spread between unrefined and refined oil and gas products. [Graph 5](https://i.imgur.com/RuHzP0G.png). This next graph, [Graph 6](https://i.imgur.com/48gVzCD.png) shows the US breakdown of inventories. Notice again the importance of distillates and the deviation outside of 5 year ranges. The second plot is a bit more confusing, but it's plotting the current year, last year, (all 52 weeks), and the 5 year average. I'm not sure the exact definition of the 5 year range. +CMC listed yesterday! CoinGecko the day before! Multiple exchanges knocking at the door, this arcades future is so bright it’s gotta wear shades! 😎 + +NEW GAME IN DEVELOPMENT! And about the game in development… let’s just say it’s VERY nostalgic, and, it will have a VERY familiar feel to it. Guess you’ll have to join ChainCade telegram and see what all the fuss is about! Load your pockets with ChainCade and head for the Blockchain Arcade Now! + +**Total Supply** + +1,000,000,000,000,000 + +1 Quadrillion Initial Supply \[ 1/2 BURNED \] + +10% Tax on Transactions + +4% redistributed to holders + +2% automatic LP + +4% to the gamers wallet + +**TOKENOMICS** + +**4% Redistribution** + +Earn passive rewards through static reflection. No staking required, watch your tokens grow as you HODL. The burn address also receives the redistribution, decreasing the total supply over time. + +**2% Automatic LP** + +Every trade contributes toward automatically generating liquidity, benefiting investors by creating a stable price floor thus decreasing the impact of large sell-offs. + +**4% Gamers Wallet** + +All projects require funding for further development and growth. Our gamers wallet was designed with this in mind and will fund our gaming rewards, marketing, giveaways, and more. + +[https://chaincade.com/](https://chaincade.com/) + +[https://t.me/ChainCade](https://t.me/ChainCade) + +[https://twitter.com/chaincadebsc?s=21](https://twitter.com/chaincadebsc?s=21) + +[https://www.coingecko.com/en/coins/chaincade](https://www.coingecko.com/en/coins/chaincade) + +[https://coinmarketcap.com/currencies/chaincade/](https://coinmarketcap.com/currencies/chaincade/) +Last January I invested $1200 in Bitcoin and HODL'd like a beast. One year later I checked my balance and now I'm at $340. + +AMA! As a crypto-god with a proven track record I feel I am now qualified to give advice to this community. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +TL;DR: I bought a five-year-old car as my second car and saved a staggering 66% of my budget. You can manage the risk if you plan well. + +I had never bought a used car before and was not even considering it. I was a little uncomfortable buying the same vehicle for 3xL in 2019 that I purchased for 2xL n 2012. On a friend's recommendation, I checked a used car shop, found a 2013 car with 40K odo and a consistent maintenance record. I bought it after getting a thorough checkup done in the service center where they did not find any issue. + +The summary: + +* When you buy a used car, you can get a car with a proven record, and the chances of getting a lemon are meager. Compare it with purchasing a newly launched Tata harrier or those Mahindra contraptions that were discontinued in 1-2 years. + +* Most cars, especially the Japanese ones, are reliable and can live up to 1.5L but most people drive less and want to sell after driving 30-40K KM. If you buy them, you can easily keep them for the next 5-6 years. This is a steal in terms of saving. + +* You can also buy in cash. If you include the interest in the car loan, probably the cost goes to 4xL. + +* Buy a reliable brand and established model. + +* It's my observation and has no rational basis. The automobile technology is only advancing in electronics, and mechanically, most cars are the same as what they were five years back. For example, VW Vento is available for ten years now and has only undergone cosmetic and ICE improvements. You can buy a seven-year-old Vento diesel and fit an Android-based ICE, and you would have the same car as the new one. + +* I had to use the "x" based numbers, but I hope you get the gist :) + +* You will miss the new car smell but the portfolio would look so much better! + +* I am neither a "car takes me from point A to B" person nor a "petrolhead". It's a matter of priority but a used car is "almost" the same fun after 2 month :) +I’ve just started earning extra income from outside of my regular job. I have to pay 40% tax on the extra income :( but at the end of the year. In the meantime, are there any relatively safe ways to get that money to make more money before I need to pay it to the taxman at the end of the year? +Here is the description for a SFH currently posted for rent: + + "The property requires additional cleaning and fixing, depending on taste and circumstances. Fixing including, wall painting, cleaning, necessary deep cleaning, kitchen elements repaint, is up to tenants, but we do not pay for this or for additional cleaning and fixing. The property has been abused by previous tenants (therefore the stringent referencing on this property...), and we managed to do bare minimum of repairs. We manage few properties in extremely basic way, and prefer a long term rentals." + +Don't be this guy. +&#x200B; + +[Image is copied from one of u\/chayse1984's posts](https://preview.redd.it/j1sd6jde3yn61.png?width=640&format=png&auto=webp&s=b6d1d406b6d0ccc0b7b53c4f94f0cad9ee6d336a) + +Your green and red candles don't form pretty little shapes for no reason, and it's not all *Brownian Motion* you stochastic cucks. + +So we got two big fucking triangles up here, but do you even know *why*? Did you notice how both these triangles end on a Friday, dipshits? Okay... let me tell you a story. + +It's 2002. Young high-flying Kenny G coked up off his fabulously successful hedge fund Shitadel decided fuck-you money wasn't enough for him. So he set out to dominate the world of centralized finance and become a **Market Maker**. This was the start of **Shitadel Securities**, the company that now pays millions of dollars to laugh at what options you're buying on the toilet. + +Almost immediately following its conception, Shitadel Securities takes off like a rocket. Around this time, MMs start quoting stock and option prices in penny increments instead of quarters, meaning MMs had to compete with each other by taking a risk on holding onto the right securities at the right time. And boy does Shitadel, **an options MM nonetheless,** have an appetite for risk. Shitadel Securities does so well that Kenny starts getting cocky and thinks he can turn Shitadel into an **Investment Bank**, the king of Chicago. But Wall Street smells his bullshit all the way from New York, and Kenny fails to penetrate the industry. + +Devastated. For the first time in Kenny's padded, cushiony life, he faces what still isn't real hardship. Too uncool for the club, it's at this point that Kenny decides to take out his insecurities (aha, get it?) on retail investors. Shitadel doubles down on something we are all now familiar with: **Payment for Order Flow**, a practice pioneered by none other than **Bernie Madoff**. E-Trade, TD Ameritrade, Charles Schwab, Ally Invest, First Trade, TradeStation, Interactive Brokers Lite, and yes, Robinhood, all contract with Shitadel for PFOF. It's with a heavy heart that I tell you, **even Fidelity's options are routed to Shitadel under PFOF**. + +This brings us to today with Shitadel Securities as the largest **internalizer** in finance. "Oh for fucks sakes, what the hell is an *internalizer* now?" + +[At least the SEC made a pretty little graphic for us, right?](https://preview.redd.it/zi54ada2jyn61.png?width=700&format=png&auto=webp&s=c35d47e4619234795a25b30a30a9c9a5af96167c) + +In PFOF, your order is sent from whatever **discount brokerage** you're using to Shitadel Securities, who decides to either: A) pass your order onto the open market, where we like to watch a little green and red candles jump around or B) to take the other side of your order (short whatever you long, or long whatever you short) **at which point the life of your order ends, never making it to the open market**. + +You heard me right. **When you use a discount brokerage like Robinhood, your order may never land on the open market.** But this is fine right?... Well let's imagine that there's only one monopolistic internalizer trading a security, and that internalizer is internalizing all the retail volume trying to buy a security. Even if millions of retail traders are buying the security, **the stock price on the open market wouldn't move, there would be no volume on the open market, and the internalizer would have a massive short position on the stock that they have to unload.** What this looks like in the world of green and red candles is a **massive bull flag while the internalizer is internalizing** and **massive upward breakouts when the internalizer unloads their short position**. + +*Okay, but in order for Shitadel to do this, they would need to be a monopoly, right?* + +[From https:\/\/www.citadelsecurities.com\/products\/equities-and-options\/](https://preview.redd.it/e9dxgz1npyn61.png?width=1759&format=png&auto=webp&s=27801bbcd469eda01dc0e172a6bccb9de6c2e96b) + +*Okay, but if Shitadel were to do this, their smaller competitors would be able to gauge retail sentiment, even if retail volume is hidden from the exchange, and drive the price up before Shitadel, right?* + +[An obvious short attack. https:\/\/markets.businessinsider.com\/news\/stocks\/gamestop-stock-price-trading-halts-volatility-spike-176-trading-range-2021-3-1030170445 ](https://preview.redd.it/ftjhzgexoyn61.png?width=1609&format=png&auto=webp&s=1883bbf2e32492ca9614c4ec57b3a19fe1ad705b) + +*Okay, okay. But why would Shitadel do this? Wouldn't it be so expensive for them in terms of* ***Impact Cost?*** + +Remember how Shitadel Securities is an **options** MM? Notice how everyone's options lose a ton of money from the start to the end of these bull flags? Notice how the bull flags end on Fridays? It's my opinion that **Shitadel is spending millions of dollars on short attacks to make billions of dollars on your options expiring worthless.** A day like today is very dangerous for an internalizer doing this. If the price jumps out of their control, not only do they lose money on all their shorts, they also lose money on all their options. If enough people realize this and lay on the buy pressure, it can blow up in Shitadel's face and trigger the MOASS. + +# Boom. + +&#x200B; + +\----- P.S. ----- + +Want to know what the stochastic cucks call this? **Max Pain Theory.** + +Want to know my opinion on how to trades options on this? Buy leaps on Fridays like these, and ~~sell~~ not buy weeklies during bull flags like this. + +&#x200B; + +Tldr; Shitadel is spending millions of dollars on short attacks to make billions of dollars on your options expiring worthless. If enough people realize this and lay on the buy pressure, it can blow up in Shitadel's face and trigger the MOASS. 🚀🚀🚀s on 🚀🚀🚀s on 🚀🚀🚀s. + +This is not financial advice or whatever. +Today I bought a $500 Dyson vacuum for $50. + +There is an ocean of perfectly good stuff for sale by individuals. Generally, these people care more about getting rid of the stuff than how much money they make from the sale. Furniture, small appliances, and (some) electronics are excellent items to buy second hand. People usually sell these items because either they upgraded or they’re moving, so they’re fairly motivated to sell. Buying second hand not only stops the item from going into the landfill but also saves you a ton of money and/or allows you to afford nicer stuff. It’s good for everyone except “the man.” +So this morning I woke up[,](https://imgur.com/gallery/jrPLzQu) checked pancake swap and FREAKED THE FUCK OUT. Zeros everywhere. This was it I thought. Has the dreaded bear market come?! From hero to zero in a flash and I'd slept right through it. Game over. + +I checked in on some of my coin charts and telegram groups. Panic everywhere, people frantically trying to sell left, right and centre. I was kicking myself for not realising my gains. + +But then I checked the Bingus chat. They barely took a scratch, only dropping 10% when everyone else was getting butchered. + +Wow. Absolute serenity from this community. A sea of calm in an absolute shit storm. I was immediately put at ease about what was going on. It wasn't over it was just pancakeswap being pancakeswap and weak folk panicking. Thank fuck. + +I was seriously impressed by the way the team dealt with the situation. They took it all in their stride and put everyones mind at rest instantly. Whilst other devs were frantically trying to figure out what to do the Bingus team made decisions, stuck by them, kept calm and carried on doing what they do. This has been a common theme throughout the short time I've been holding Bingus. The team is one of the most professional there is on bsc and I feel really comfy and hopeful about things going forward. + +If still don’t know Bingus yet (?!) they are a charity coin that donates 1% of every transaction to animal rescue charities. They already have some great endorsements from the likes of Rocky Kanaka, Moistcr1tikal and Bbno$. There’s rumours of more in the pipeline and some huge news that is very very exciting to say the least. It will reshape how people see BSC but we’ve not been told much yet. Their track history has proven when they say they’ll deliver they will. + +This isn't your usual moonshot. Like I say Bingus has a professional team behind it, a rarity in this crazy world of crypto. The devs are doxxed and fully transparent throughout and when they set targets they reach them. They plan ahead for every eventuality and have some next-level real world connections! + +But don't take my word for it, here’s what MoistCr1tikal had [said about the project](https://clips.twitch.tv/CheerfulColdbloodedPlumResidentSleeper-j7EO6EUkmsqLM2CP) yesterday! DYOR and check the links below to see what it's all about. You won’t be disappointed. I personally plan to sit comfy with this one for a very long time. + +**Satoshi Club AMA** is coming up on 26th of April, here’s the [tweet](https://twitter.com/esatoshiclub/status/1385490119189278720?s=19) so make sure it’s in your calendar and follow our social media! + + +Holders: 4,087 + +MCap: 5.7M + +Website : https://bingus.finance/ + +**New subreddit** r/BingusFinance + +Telegram: https://t.me/bingustoken2official + +Telegram Announcements &amp; News: https://t.me/BingusAnn + +Buy $Bingus on PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=BNB&amp;inputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8 + +Discord: https://discord.com/invite/qKdZdd558F + +Twitter: https://twitter.com/BingusToken + +Chart: https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +BSC Scan: https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +Locked liq (RUGPROOF): https://dxsale.app/app/pages/dxlockview?id=0&amp;amp;amp;add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&amp;amp;amp;type=lplock&amp;amp;amp;chain=BSC +I’m looking for a Nasdaq based income fund and I found QYLD and I’ve seen a lot of people here own it. It’s called a covered call fund and I’m struggling to understand what a covered call fund is and how it has such a high yield. If anyone has a easy way to define it it would be greatly appreciated thanks. +Buffett said at the Berkshire Hathaway annual shareholders meeting that it's not a productive asset and it doesn't produce anything tangible. Even with the shift in public perception around bitcoin, he still says he will not invest. + +Do you agree with him? I’d like to see opinions from both sides. +This post is not for people who usually browse Superstonk's subreddit. + +If you think GameStop is going bankrupt, and it's just a matter of time before it happens, this post is for you. + +If you think people in Superstonk are a cult, thus investing in GameStop is dangerous, this post is for you. + +If you hope you could go back in time to invest in Tesla and Apple, this post is for you. + +&#x200B; + +Some months ago I talked with a friend who works as an analyst for a big investment company. We also talked about GameStop (GME), and he told the same things I would have said before 2021. "It's a dying brick-and-mortar company", "there are no fundamentals", "it will fail like Blockbuster". I can understand it, it is what my gut feeling was telling me. Furthermore, I listened to people who knew much more than me and who I trusted (such as mainstream media, CNBC, etc.); so I thought that GME was going "back to $20 fast" ([https://twitter.com/citronresearch/status/1351544479547760642](https://twitter.com/citronresearch/status/1351544479547760642)), or that its fair value was "10 bucks/share" ([https://www.youtube.com/watch?v=0Sc8tIAhEEU](https://www.youtube.com/watch?v=0Sc8tIAhEEU) starting at 3:20). + +But let's stop a moment and look at the facts. I remember Tesla and Apple as the stocks that "I wish I bought when I was younger". What do Tesla and Apple have in common? In my opinion, among many other things, they both have a strong community of people who believe in their brand, and who are willing to spend their money buying their products. GameStop is now exactly in the same situation, with *hundreds of thousands* of people all over the world who are happy to support the company. They are not just buying more and more across all the stores, but they are also long-term investors (and not day traders). The fair price of such company will eventually go up; it's the normal behavior of any solid company with organic growth. + +You may have heard that the price may suddenly go up by a lot: this is known as "squeeze". There is a chance that this will happen because of a catalyst, such as "all the available shares get registered" (the growth is almost linear over time [https://www.reddit.com/r/Superstonk/comments/v2qoyt/the\_drs\_count\_only\_goes\_up/](https://www.reddit.com/r/Superstonk/comments/v2qoyt/the_drs_count_only_goes_up/)), "a stock split is announced", or anything like that. This might result in a huge increase of the stock price (someone say "up to millions per share", and in theory the price can be unlimited because the other side of the bet is taken by short sellers, who carry "the theoretical risk of infinite loss" ([https://www.investopedia.com/articles/investing/100913/basics-short-selling.asp](https://www.investopedia.com/articles/investing/100913/basics-short-selling.asp)) + +Even without a squeeze, it is reasonable to think that the fair value of a company with this new Board of Directors, lots of talented hired people ([https://www.reddit.com/r/Superstonk/comments/tyk9d2/the\_full\_list\_of\_gamestop\_hires\_is\_incredibly/](https://www.reddit.com/r/Superstonk/comments/tyk9d2/the_full_list_of_gamestop_hires_is_incredibly/)), and so many happy and loyal customers will go up. And many people (like me) are not here for the squeeze, but rather for the long-term play. + +"Why should I believe you, when people on TV and mainstream media are telling me to forget GameStop?", you may ask. Let me quote these words from *The Big Short:* "People want an authority to tell them how to value things. But they choose this authority not based on facts or results; they choose it because it seems authoritative and familiar." ([https://www.youtube.com/watch?v=dlbG6G\_iHLU](https://www.youtube.com/watch?v=dlbG6G_iHLU)). You think people who speak on television are authorities; maybe you trust CNBC. But how can you trust with your money a media that choose Jim Cramer as one of their host? Someone whose lies made retail investors lose money ([https://www.youtube.com/watch?v=gUkbdjetlY8](https://www.youtube.com/watch?v=gUkbdjetlY8)) over 14 years ago, and who still have his show? (If you wish to have a look at some of the shady things he did, here there is a link [https://en.wikipedia.org/wiki/Jim\_Cramer#Controversies](https://en.wikipedia.org/wiki/Jim_Cramer#Controversies)) + +&#x200B; + +That's a lot to digest, I know. We live in an era where it is hard to get good information. I'm not asking to be trusted; I just want you to ask questions and critically think what is happening. The main take-home message is that a dying company just made a U-turn, and now there are hundreds of thousands of individuals who are happy to spend their money in GameStop stores. These individuals will not go anywhere; chances are they will stay loyal with the company, and they'll be here for a long time. +What if I told you hedge funds have been shorting companies and profiting without having to pay taxes if the company goes bankrupt. And that this practice has been going on for 50 years. + + +What if I told you people who wanted and profited from these companies going bankrupt actually worked as board members of these companies. + + +What if I told you external consulting groups were hired to improve the company, but actually actively wanted the company to go bankrupt. + + +What if I told you this practice happened to companies you've heard of, like Toys R US, Circuit City, and Sears.  + + +What if I told you that a guy in 2005 bought 100% of all shares of a company, and over the next two days the same stock traded 50x the total volume and the price dropped 99% in 2 hours with no shares avaliable to buy or short.  + + +What if I told you brokers lend out the shares you bought to hedge funds who then use your shares to short the stock and push the prices of your investments down.  + + +What if I told you hedge funds and market makers have ways of creating synthetic shares for any stock they want, and that this practice is illegal. However they can hide their illegal activities by "failing to deliver" and paying laughably small fines compared to the amount of money they make by doing this illegal activity. + + +What if I told you that in 2022 the DTCC did not issue a split divided correctly and instead issued it as a split. In so doing, committed international securities fraud.  + + +What if I told you that recently in the Toronto stock exchange some stocks went up as much as 3,400% on 0 trading volume. That credit Suisse which holds 755 billion in assets is probably going bankrupt. That the SEC recently lost all comments surrounding security swap fraud and short positions. That a number of brokers turned off their buy buttons for a number of stocks in January 2021.  + + +What if I told you a group of people figure out that a stock was oversold and have been buying it up enmass and that currently 57% of all shares avaliable to retail investors now has been directly registered, removed from brokerage accounts and unable to be lent out or shorted. That this community of people do not sell and in fact keep buying the stock at any price, as well as keep directly registering. That this is the first time in history that 3 billion dollars in shares has ever been directly registered by 200k individuals, each holding an average of $15,000 in directly registered stock. That they are hungry to support the company through thick and thin and continue to hold even while the stock price changes by as much as 1000%. +Who knows if the moon is actually on the horizon, but this week has been fun. Between Ryan Cohen buying a ton of shares, other insiders buying more, pulling the curtain off the BCG, and the price rising all week, I've been looking at Superstonk probably 30 times a day opposed to my usual once in the morning, once a night. + +Plus, I'm not just checking hot, I'm actually back to the early days of refreshing new in excitement and anticipation. Not to mention I've actually had the ticker up all day while I work the past week. + +There's a long way to go, but this week has been fun. I'm not going to say it feels different, it just feels like the early days, and I don't feel as checked out (I will always hodl, but I definitely was a bit checked out and not on Superstonk much the past few months). + +DRS, to the moon, HODL +I currently work in a library full-time making 10.50 a hour. I was recently offered a full time job at an University that's about 50 miles from my house. The jobs salary is 17.65 a hour. I am wondering if I take into account gas and wear and tear on my car if this pay increase is worth it? I already commute around 20 miles for the 10.50 job. Finding a higher paying job locally is not really an option because of my location I would have to travel into the city for work if I wanted to make more than $13. + +My hope in taking this job would be to save money but will the commute eat the pay increase? +In case any of you were planning to ape into Trump DTC’s, please don't. + +One [wallet](https://opensea.io/0xfb65415Ca83B69DA9bC56B4C9C2334fa402baCd7?tab=collected) minted 80 ETH worth of cards. They hold 2.22% of the entire collection, and none of them have been sold or moved. + +[This address holds the #1-1000 of the Trump Cards, $500k of wETH, and $300 of MATIC.](https://preview.redd.it/hbibsj3rhk6a1.png?width=1365&format=png&auto=webp&s=86d23e60b17b817070b3b9483c778a6cb97f8271) + +Their address has been getting $30-200 of wETH sent every few minutes/seconds, probably being the one of two royalty addresses getting fees. Pay attention to the highlighted 0xfb654 address below: + +[Two addresses are receiving the exact same amount of wETH in a sale tx. The royalty fee is 10&#37;, and these addresses are earning 10&#37; of 0.5075 wETH \(the sale price\).](https://preview.redd.it/s56b1bfahk6a1.png?width=1365&format=png&auto=webp&s=d40a58d9ec224f3ad4b59831e9232b3c5123ed53) + +[Latest ERC-20 txs for address with 1k collected](https://preview.redd.it/29tmgajchk6a1.png?width=1365&format=png&auto=webp&s=10c0769911e783992b80396f9629b4c30df6e8f0) + +What's interesting is this address is a Gnosis safe, so it's a multisig. The multisig was [generated](https://polygonscan.com/tx/0x3d69372255ff99a8ef09a4017666aaabf0a4465aab4f107b32868329fab95ab2) 14hrs before their [mints](https://polygonscan.com/tx/0x5f8c593f7febcc4f388efa2f497231496de7d81053eeb8104f889160ffdabe40), so it's evident that it was made for this collection. + +One [address](https://polygonscan.com/address/0x116311805390458bb65b2954290c2eb8c944e41d) has made three executive transactions (telling the multisig what to do), withdrawing a few MATIC at a time. This was likely a test to see if the multisig operated as intended. + +Seeing as this address is likely earning the royalties, and owns so many of the Trump Cards, this is almost certainly someone in Trump's organization. + +To me it seems as though this multisig will sweep all of the cheap/floor price cards and then dump them all after they hit a specific price. Any regular person would sell at least a few when the price pumps, especially if they have a giant amount like 1k. + +# THIS COLLECTION WILL DUMP. DO NOT FOMO. +From SEC (source: https://www.sec.gov/comments/s7-08-22/s70822-20147032-312610.pdf - check fifth page from bottom or something like that): + +___11/2/2020 Swap Counterparty 5 SC5 Basket 1 Custom Basket Swap -$1,037,418,675.95___ + +Questions: + + +1. Is this us? Counterparty 5 SC5 basket 1? + + +2. They roll them every two years (are there other durations?), yes? + + +3. Meaning, is this an action having to be done today (reroll/close) since it was opened 2nd Nov 2020), or is it more like a window opening today, where they have a certain amount of days/weeks to reroll/close? + + +4. As $1b was for x amounts of GME at prices of ~$2.7 apiece (EDIT: this is the adjusted post-split price, i was wrong sorry), it means todays renewal/close has to be renegotiated for about 10x higher price. + + +___Do CS have to fucking pay up $~10b today for position closes, or reroll these positions for another two years, when DRS rate will ensure that two years later, they cannot mathematically be closed? Who would accept being the counterparty of that shit? Roflmao - and they call us regarded!___ + + +Very exciting! + +___EDIT:___ If one adds other counterparties, ("6" and "3" respectively, in addition to "1" above), across Nov 2-3 2020 there were _more than $2b worth of swaps on this particular custom basket_. + + +But before you get hyped, refer to my question #1: is this us? Others have said so, i dont have time to read a 200p PDF. Is there a way to know, or can it be deduced from e.g. correlating swap sizes and dates with GME movements? +I had an early-career windfall that allowed me to leave “biglaw” after a few years. I want to spend the next couple decades doing environmental work (I’m picking up an LL.M. in environmental now). + +I’m debating whether to join an environmental nonprofit as a low/mid-level attorney. I’d prefer to find an arrangement that’s slightly less than full time and with opportunities to travel. I’m a major donor at a couple environmental nonprofits, but there’s a heavy focus on equitable opportunities in hiring, so not sure I could easily leverage that into a unique position. + +I’m considering starting my own 501c3, but environmental cases are big and doing them alone is ambitious if not impossible. + +Would love to hear how other attorneys were able to keep using their JD after FIREing. Thanks! +I did it today. On my 47th birthday, I reached $3 million in cash & investments, a paid off house & 2 cars. I have reached my FI target of $100k @ 3.3% SWR. I knew it was going to be close with the markets, payday, and my company's equity coming in today. + +Plan is to FIRE in 3 months. $3 million was a symbolic number, I could have FIREd 2 months ago at $2.95 million and lived pretty much the same life. However, I am getting another \~$70k in equity in 3 months and would like a bit of a buffer especially with the volatile markets. Also, the plan was to take a nice trip to Europe in August - I don't see that happening. + +It is crazy, I know of many people who are laid off, working reduced hours, worried about their job or tapping into debt. And I am making plans to quit working. + +&#x200B; + +Mega edit: + +**Asset allocation** + +Cash & short term investments: 25% (increased 10% from equities due to C19) + +Employer's Equity: 10% + +Equity ETFs: 45% (down 10% - sold in early march, will buy back in later) + +Bond ETFs: 10% + +Crypto: 10% + +Please bring on the flames for timing the market, but I sold early-ish, it helps me sleep at night, and right now I am trying to be more conservative vs. aggressive. + +The crypto is a flyer. I bought casino level bitcoin in 2012 at $18, then sold a bunch when it went up to $150. Then bought a bunch more at $1000, and have been selling little bits for a few years. Total investment: $45k, total value sold and still held: $500k. I would like to sell more, but it has a capital gains tax liability, so FIRE with no income next year would help reduce taxes. + +&#x200B; + +**About my journey** + +Grew up middle class. Money was tight from time to time, but I never really saw that. + +Part time job when I was 16 for spending cash. Never went into debt. Saved a little. + +Went into a good college for STEM, received $8000 total for tuition from family and received a student loan for $1000. Did a few paid internships while in college. Paid off the loan with my first post-school paycheck. + +Graduated in the tech industry in 97. Started full time at the last internship. +$40k base. +Stayed there for 2 more years, increased base by 20%. +$48k base. +Left (co-worker left and pulled me), for a \~100% increase. +$90k base. +Stayed there 6 months (dying ship), left for \~10% increase. +$100k base. +Stayed there for 2 years (all of my managers up to CEO left in 2 weeks), left for a 0% change. +$100k base. +Stayed there for 1.5 years, was let go, started consulting at +50% (but no benefits). +$150k consulting. +Consulted for 8 months, left when project was wrapping up for -40% (+10% from previous full time) +$110k base. +Stayed there for 11 years (company was acquired 3 after years), increased pay by \~20% in 11 years. +$133k base. +Left for 5% increase. +$141k base. +Worked there for 6 months (bad fit), left for 5% increase. +$150k base. +Here now. +Making about 4x after 20 years. Did not include any bonus (or not), benefits (health/retirement/etc...) stock options, quality of life, etc.. + +&#x200B; + +**Current investments** + +Canadian ETF / funds I invest in in decreasing amounts. + +XGRO +VCN +VXC +VAB +VT +TDB900 +TDB902 +TDB909 +TDB911 +Tangerine Balanced (part of emergency fund) +TDB661 +CDZ + +&#x200B; +Hi everyone, I am building up my dividend stock portfolio, I will start with around $1K and add somewhere around $100-200 every month. I have a list of stocks that I will buy in the upcoming months and I was wondering what would you add or remove from this list? + +* IBM (4.56%) +* Coca-Cola (3.06%) +* McDonald's (2.21%) +* MMM (2.91%) +* Altria Group Inc (6.92%) +* P&G (2.37%) +* Visa (0.56%) + +This portfolio currently averages a 3.48% yield annually and provides $55 annually with $1,600 invested. I think this is a pretty good yield. I wanted to merge the dividend kings, and growth stocks altogether but I was wondering if this could be a good portfolio. What do you think? +In a past life I cosigned a car loan with my now ex-wife. We got divorced, she was to assume responsibility for the loan. + +Fast forward a few years and the loan is almost paid off, down to about $300. I started noticing a few months ago that she was missing the payment deadline, earning some late fees, but ultimately making payments. I called the bank and verified that they wouldn't report late payments on my credit report unless the late payment was delinquent for 30 days. So I started watching the loan like a hawk, with the intention of stepping in if a payment ever ran the risk of running over that threshold. + +Yesterday I saw that it didn't look like my ex was going to make a payment within that 30 day threshold, so I called up the bank to make a payment and was told that due to a situation they were having with my ex--that they could not disclose with me--they would not accept any payments against the loan! + +I'm at a loss of how to proceed. I thought the whole point of cosigning a loan was that I was to be responsible to make payment if the primary loan holder could not, but now they won't let me, and they said they're still going to report the loan to my credit for nonpayment. + +I'm kicking myself because maybe I should have made payment as soon as it was late, rather than waiting until it was closer to the 30 days, but I didn't want to do my ex any favors. I have no contact with her, she has purged all her social media over the last couple years and changed her phone number, I don't even know where she lives, so reaching out to her to figure out what's going on is going to be a problem. + +At this point, having made all the mistakes I've made already, how would you proceed in this situation? + + +Edit: I just spoke to someone at the bank and it turns out my ex's checking account and savings accounts are in the red, so they won't let her make payments on her car until she's rectified that situation. So now I'm climbing the supervisor ladder making my case that this shouldn't prevent me from satisfying my obligation to the debt, as that was the whole point of having me cosign on the loan to begin with. + +Edit2: Thank you, everyone. I finally got someone high enough on the ladder to be authorized to use common sense and they apologized profusely and allowed me to pay off the loan over the phone. I requested they send me a receipt as I don't trust that this is really done until I have paper saying I'm off the hook, but I feel one step closer. +3 months into a year lease the unit had a flood through no fault of the tenant. Drywall, flooring and kitchen were quickly removed and the unit is uninhabitable. + +Landlord can't do repairs safely with the tenants still in the unit. However, tenants do not want to leave. They do not have renters insurance and have no place to go. + +What are the landlord's options? Can the landlord charge rent even thought the unit is uninhabitable? Can the tenants be evicted? +...because I can't even remember the last time I only had a 40 hour week. + +Stuff like "face time" matters. Sure, technically the working hours at my workplace is 9.00-5.30pm but if you left at 5 everyday...within a week you'll be given more work guaranteed. Instead, leaving at 6 is already an early mark. + +It can't only be me that is experiencing this yet my social media feed is flooded with the idea of a 4 day work week. In theory, I am definitely for it. In actuality, how realistic do you think the idea is? Especially if you are asking the employer to keep your salary at the current level. + +Even the new mothers in my team who work 3-4 days are online all the time. I really want the 4 day week to be reality but the more I think about it the more like fantasy it seems. + +Agreed? +My parents are low earners but bought their house a very long time ago. They have a approx 200k equity with 200k left to pay off. They're not very clued up with money/investments (nor am I tbh). Someone has told them to take out what they own in equity and use it to invest in other projects (e.g. BTL properties, ISA, other stuff in order to diversify) but they'll probably need to stick mine or my sister's name into it in terms of affordability (we're living with them) of a new mortgage. They have one other BTL property which is the majority of their income over the past 25 years. + +What do people think? + +Edit: + +Thanks for all the great advice. Just some points of clarification. + +- My parents are limited in the work they can do because of disability + +- Their plan is to pass on one house to each daughter, that's why they want our names on it (I realise this is a very privileged position!) + +- We're literally at the brainstorming stage so I'm trying to look at what potential there is with this idea. Nothing is set in stone. All the advice we've had is off the cuff and has been said in passing. Luckily no one is asking to invest in their projects. I hear everyone's advice - get independent advice and from someone that is in the field, not a doctor! +> In February, Rivian raised $700 million in a funding round led by [Amazon](https://www.cnbc.com/quotes/?symbol=AMZN), following rumors that GM would also invest. + +And + +> [Ford](https://www.cnbc.com/quotes/?symbol=F) said Wednesday it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer. + +[https://www.cnbc.com/2019/04/24/ford-to-invest-500-million-in-electric-truck-maker-rivian.html](https://www.cnbc.com/2019/04/24/ford-to-invest-500-million-in-electric-truck-maker-rivian.html) +So after a few years using demo accounts, and reading the BS and the not so BS around forex, I think I managed to develop my own system and that gut-feeling that tells you when trade and when not. + +I challenged myself to turn a small $20 account into a $100 in a year on february-2019, now at the beginning of january I'm at $62.97. Not quitting my day job yet, but I'm feeling more and more confident with time. + +Since there's nobody to share with on my close social circles, I decided to share my progress here, to encourage beginner folks (like me) to never surrender and keep practicing with perseverance and discipline. + +A small report: + +January 2020: + +Total trades: 29 + +Lost Trades: 5 + +Win Trades: 24 + +Preferred Pair: GBPUSD/H1 + +Looking forward to hit the goal on february! :D + +&#x200B; + +What are your february goals? +**TL:DR - Teachers pension pots are seemingly at risk, SHFs don't want investors pulling their money out of the NYSE and the MSM still aren't doing anything to warn the public of the trouble brewing beneath the surface. MOASS soon?** + +What a crazy weekend. + +Didn't think after all the chaos and adventure we had at the end of July (and all of August), we'd be seeing posts asking for **more** proof that the DTCC committed international securities fraud but I guess there's never any harm in collecting as much concrete evidence as possible to present the facts - and thanks to the collaborative efforts of internet sleuths everywhere, we are able to accomplish just that. + +That said, be sure not to be distracted from other important conversations like [the upcoming EU vote on the CSDR rule](https://www.reddit.com/r/Superstonk/comments/wz2n2k/why_you_should_care_about_the_upcoming_eu_vote_on/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) or [SEC is allowing the OCC unlimited access to money in pension funds and insurance companies](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/) \- but let's get back to addressing the elephant in the room. + +**The DTCC committed international securities fraud** and no one is talking about it. + +................................................... + +^(\*\*Here's some of the assembled evidence we have - please do link more below in the comments:) + +* [^(Evidence the Stock Split dividend ISO code is DVSE, Not SPLF)](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/in13pjv/?context=3) +* [^(DTCC form for GME splividend from DnB - includes reference stock split, not dividend)](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) +* [^(Here is the Securities Fraud law broken by the DTCC. Securities and Commodities Fraud 18 U.S. Code Statute 1348)](https://www.reddit.com/r/Superstonk/comments/x5sgk2/here_is_the_securities_fraud_law_broken_by_the/) + +^(In regard to clarification about the FC-02/FC-06 code, seems this has been debunked. Leaving here for visibility:) + +* [^(DD which aimed to clear up any further confusion on said allocation of code)](https://www.reddit.com/r/Superstonk/comments/whup7y/clearing_up_the_recent_misinformation_about_the/?utm_source=share&utm_medium=web2x&context=3) +* [^(DTCC instructed the transaction partner of Trade Republic with the FC-02 function code)](https://www.reddit.com/r/Superstonk/comments/x6a3mv/german_ape_here_second_try_due_to_me_forgetting/?utm_source=share&utm_medium=web2x&context=3) +* [^(Comment that debunks theory - A stock split in the form of a dividend SHOULD be FC-02.)](https://www.reddit.com/r/Superstonk/comments/x6m6za/comment/in7sk4j/?utm_source=share&utm_medium=web2x&context=3) + +[CEO Michael C. Bodson stepped down from his role on the 12th August after ten years at the DTCC, just after the GameStop Stock split. How about that for Cohenicidences? ](https://preview.redd.it/7m2sw25f0tl91.jpg?width=872&format=pjpg&auto=webp&s=fdc239852c68716e18a5cc3e0ae39ab72fdb1a35) + +In [earlier posts](https://www.reddit.com/r/Superstonk/comments/x47lgr/its_been_nearly_a_month_since_a_letter_entitled/?utm_source=share&utm_medium=web2x&context=3) I explored some potential reasons for the on-going media blackout but realise that I haven't really talked about **WHY** is it important that the mainstream media needs to report that the **DTCC committed international securities fraud** and seemingly, why the story getting out could spell trouble for the SHFs whilst protecting the general public. + +# BACK TO BASICS + +**So who are the DTCC / DTC, and what do they do:** + +* The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets and settles most securities transactions in the U.S. DTCC's subsidiary. +* The Depository Trust Company (DTC) provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers). + +Basically this means that the DTC, an extended division of the DTCC corporate umbrella, have a contractual obligation (as custodians of the shares on the NYSE) to manage securities in a way that meet the expectations and demands of the companies, like GameStop. + +And here's a recap of how I understand our current situation to be: + +1. ⁠Gamestop is the victim of **naked** shorting by hedge funds, meaning more shares exist than should be legally possible. +2. ⁠Gamestop declares a four-for-one split of the Company’s Class A common stock in the form of a [stock dividend](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split) +3. ⁠There exist more shares than available dividends meaning the DTC need to make up for this somewhere or reveal the fact there they are short. +4. ⁠Everyone gets their shares / everyone is suspicious. +5. ⁠Various brokerages across Europe inform apes that they were told to issue the dividend as a stock split. +6. ⁠We were provided [again, more damming evidence of the wrongful processing procedures used.](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/) + +As such, we are beginning to understand now that the DTC were unable to facilitate the distribution of the dividend as instructed by GameStop, and thus went against the companies wishes by telling brokerages to issue any outstanding shares as a stock split. **This was fraudulent.** + +# So why is this a big deal? + +Because there is no reason there should have been an issue with allocating the dividend shares, as were provided by Gamestop, to the shareholders - that is, unless the company had been victim of **naked shorting which is the** [**illegal**](https://www.investopedia.com/terms/n/nakedshorting.asp#:~:text=Naked%20shorting%20is%20the%20illegal,before%20they%20sell%20it%20short) **practice of short selling shares that have not been affirmatively determined to exist** \- so why process this as a stock-split, and not a dividend? + +Not to mention, these are some of the issues that have happened as a result of this: + +1. People didn't receive their shares when promised. +2. People had their shares removed from their accounts after the dividend-split *(I'll refer you to the German saga that took place here around the start of August).* +3. People had GME short positions opened in their \*cash\* accounts as a result of the split *(this was a* [*wild one*](https://www.reddit.com/r/Superstonk/comments/wb54hz/ibkr_have_admitted_to_opening_a_short_position_on/?utm_source=share&utm_medium=web2x&context=3)*).* + +And who knows if there are tax-related implications that could also follow? + +So given that this is something of 'red flag' already, it strikes me as odd that if those as accused had the evidence to prove their innocence or correct us on this matter - wouldn’t they have absolutely done that already? I mean, I would imagine **any** opportunity to expose this corner of the internet as the true 'cOnSpIrAcY' theorists they claim we are would be something they would bite off your hand to do. + +But alas, they haven't. + +And judging by the growing assembled evidence, it's because they can't. + +............................... + +So going on the assumption that everything we have collated together here is indeed, **correct**, let's have a look at some of the possible reasons for the on-going, and painfully deafening, radio silence: + +*\*\*and for a more in-depth coverage, there is countless great DD out there in which explore all these topics in exquisite detail.* + +# THEY DON'T WANT INVESTORS TO WITHDRAW THEIR FUNDS FROM THE NEW YORK STOCK EXCHANGE. + +Seems an obvious point to make but roll with me on this one. + +I'm only going to gloss over these points as there are far more proficient write ups out there on this subject and I would be doing them an injustice by trying to replicate it here but it seems to me that if investors get spooked and remove their money from the NYSE, well - that might just spell out trouble for anyone over-leveraged out there and any value in the collateral they hold, especially if they hold a number of open naked short positions. + +I mean if this was the case, and SHFs were in fact frightened that investors might withdraw their money from under their domain, they would probably do something about it, right? + +Like, say **Citadel setting new withdrawal terms for clients?** + +https://preview.redd.it/3aghm2fpttl91.jpg?width=686&format=pjpg&auto=webp&s=6cbdf4c1cd4d31eb1e27bf2f5727337a9f2e46a6 + +\[[source](https://www.reddit.com/r/Superstonk/comments/rabfs7/citadel_set_new_withdrawal_terms_for_clients_wut/) / [source](https://www.reddit.com/r/Superstonk/comments/raeuih/citadel_limited_investors_withdrawing_in_08_also/)\] + +According to a number of these sources, looks like Kenneth Griffin (Founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC) restricted clients from withdrawing investments last year (approx. 9 months ago) with these amended terms and conditions. + +Just for context, see how this compares to the previous T&Cs + +&#x200B; + +[Fees to put money in, fees for them to manage it, and fees to withdraw it. Citadel never miss an opportunity to make money.](https://preview.redd.it/uufajjz5utl91.jpg?width=960&format=pjpg&auto=webp&s=f96c6fd7592f139d2caaf3d5cf6ab065dd22acdb) + +\[[source](https://www.reddit.com/r/Superstonk/comments/raljjj/youve_seen_the_posts_about_citadel_updating_their/)\] + +And it seems that history has a way of repeating itself, because would you believe it - it's not the first time they've done this! + +Anyone else remember the crash in 2008? Seems Citadel Securities restricted investor withdrawals back then, too! + +https://preview.redd.it/jo6noz5tvtl91.png?width=722&format=png&auto=webp&s=c9eb5b2d6cd1116b10742ad999659b32924bb5a3 + +\[[source](https://www.thestreet.com/investing/funds/hedge-funds-the-road-back-10468466)\] / \[[source](https://www.reuters.com/article/citadelinvestment-idUSN1614248720090916)\] + +Anyone else noticing a pattern here? + +[Seems history really does repeat itself.](https://preview.redd.it/yd9pv14zvvl91.png?width=1764&format=png&auto=webp&s=8fb3b4ead2e72609576766cebf9b6d3c023e1cbe) + +\[[source](https://www.reddit.com/r/Superstonk/comments/nz7qzl/ken_griffin_talks_about_how_they_survived_2008/)\] + +But rest easy, seems that some people are getting the memo as according to this post, **Citadel Securities has had investor withdrawals of $470,000,000 as of February 25th, 2022 per self-reported 2021 financial statement:** + +https://preview.redd.it/5agv2u2wutl91.jpg?width=960&format=pjpg&auto=webp&s=c7c2475031f704ad31f4404450fe30de9cc6a5c7 + +\[[source](https://www.reddit.com/r/Superstonk/comments/t3lwpp/citadel_securities_has_had_investor_withdrawals/)\] + +So assuming that if there are any short hedge funds still in trouble out there, which is surprising as many financial bodies have gone to *excessive* lengths to reassure the public they have closed their short positions (and it's not as if any of them have *ever* lied before [**https://www.kengriffinlies.com/**](https://www.kengriffinlies.com/)) they may not be wanting to lose any further access to investor funds. + +Especially considering that Kenneth Griffin had to borrow a whooping [$600 million dollars](https://www.ft.com/content/f3206b39-0cd9-4956-8a87-f5b2f85025ea) earlier this month. Ouch. + +https://preview.redd.it/cvah861gwtl91.jpg?width=960&format=pjpg&auto=webp&s=7016f4cfdb6710168fdb0ab5eb065095af0d30e6 + +Objectively speaking, it could be interpreted that Citadel might be in a bit of a financial pickle here - and should news of the **DTCC Committing International Securities Fraud** get out, I could only imagine this would make things worse. + +Not to mention, it's not just the US share holders we're talking about here but a load of international investors withdrawing all their funds would probably have quite the impact on the value of the dollar (and can't imagine the FED would be a fan of that considering they are already flooding the US with an [infinitive supply of funds](https://www.reddit.com/r/Superstonk/comments/vywx2r/phone_number_price_target_confirmed/?utm_source=share&utm_medium=web2x&context=3) at the federal reserves, which might have something to do with the increasing inflation rates). + +https://preview.redd.it/pataww47ytl91.jpg?width=1208&format=pjpg&auto=webp&s=be37b9dc3e7b135aa05a18c798ef7e66450cfcd2 + +And speaking of international investors - according to this [post](https://www.reddit.com/r/Superstonk/comments/w0nhl8/did_anyone_catch_that_citadel_advisors_llc_became/) \- **Citadel Advisors LLC became Citadel L P in March of this year, and their SEC filing shows that 44% of their clients are non-United States persons, and most of the money under management (72%) belongs to non-U.S. persons.** + +Woah. + +Seems Citadel really need these international investors. + +Now just imagine the MSM actually did take to reporting the news and informed the general public, based on the evidence we have collected here, that the **DTCC committed international securities fraud** and then everyone removed their shares from the NYSE platform. + +Well... I wonder what that would do to all value of the stocks listed as assets on all those SHFs books once people started to withdraw their investments? Bye bye collateral. Bye bye liquidity. + +Not to mention what it would do for the integrity of the New York Stock Exchange. Wouldn't that speed up the crash that Burry keeps going on about? + +https://preview.redd.it/6bfrq1hkktl91.jpg?width=640&format=pjpg&auto=webp&s=7338140756fd9d6c5ac28309f6a8e4f5d7770c82 + +And god forbid, SHFs suddenly find themselves margin called because they no longer have enough collateral to off-set all their bad bets because their clients are withdrawing their money and selling their stocks on mass. + +https://preview.redd.it/2tltra0jktl91.jpg?width=600&format=pjpg&auto=webp&s=1e5de250ee839c8aa4da118bc971f03f9b67cc03 + +Well, that's just one theory. + +.............. + +And very briefly focusing on matters a little closer to home, it seems that in a bid to get access to more money - there's now developing some considerable cause for concern when it comes to the safety of **teachers pension pots.** + +I really wish I was kidding. + +Even now, there's been a fair bit of conversation surrounding **the SEC allowing the OCC unlimited access to money in pension funds, insurance companies, and other institutional investors.** \[[source](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/)\] and I see you recoiling in horror when thinking about how innocent, under funded and hard working school teachers, of all people, might find themselves suddenly caught in the cross-fire but I'm afraid - it's not easy reading from here on. + +Well, some have speculated that: **Ken Griffin plans to use teacher pensions to go long on REX (GameStop single stock short ETF) which he will then naked short REX in to oblivion as a counter measure to the MOASS** ([source](https://www.reddit.com/r/Superstonk/comments/x2vmif/ken_griffin_plans_to_use_teacher_pensions_to_go/)) ([source](https://www.reddit.com/r/Superstonk/comments/vygz4z/are_you_infuriated_at_the_incoming_singlestock/)) + +[Investor protection, what's that?](https://preview.redd.it/qrrjzozkpul91.jpg?width=1170&format=pjpg&auto=webp&s=cf3e6ded3c716fac95b5fad53acedacface9f3c3) + +And it's not as if it's the first time a hedge fund has lost money from pensions. check out **Allianz, in Germany, who lost 7 billion from Arkansas Teachers pension \[**[source](https://www.reuters.com/business/finance/germanys-allianz-its-us-funds-troubles-2022-05-17/)\] + +Here's hoping SHFs won't be borrowing any money they can't pay back. + +Especially since there appears to be a less than harmonious relationship there already. Here's Kenneth Griffin (2021), **directly blaming teachers unions for our economic issues: \[**[source](https://www.reddit.com/r/Superstonk/comments/uulhve/ken_griffin_is_so_concerned_that_apes_looted/?utm_source=share&utm_medium=web2x&context=3)\] + +And some research I found into some of his recent investments: + +[Financed anti-teacher campaigns AND wanted to break the Chicago Teachers Union too? ](https://preview.redd.it/itb750h2oul91.png?width=1180&format=png&auto=webp&s=1a4746ae10849faf311ce1e8544f935cd9e64b29) + +\[[source](https://news.littlesis.org/2019/10/18/striking-chicago-teachers-are-taking-on-the-billionaire-class-that-is-robbing-students-neighborhoods/)\] + +Seems to me that MSM need to be doing more to **warn and protect** those might be at risk and why there are such issues surrounding the mis-managements of funds and securities on Wall Street - especially when this affects a lot more than *just* the retail investors out there. + +**And regardless of whatever stories they paint about us after MOASS, you can see here that we have been trying to spread the word so we can HELP people.** + +................................................... + +So what do we do about it? + +[Let your voice be heard.](https://preview.redd.it/d2rp7390dul91.jpg?width=620&format=pjpg&auto=webp&s=9a81a71693a05ec4294e4976dbbd16e2d2ffc7c6) + +Well since the corporate-owned media institutions, or even the publicly funded ones like the BBC, are seemingly unwilling to report this to the public **(that does not get them off the hook)**, it seems we need to throw the net a little wider and reach out to independent journalists. + +The ones that inspire us constantly with their integrity, tireless determination and provide us with the ground-breaking stories that change the world (like the whistleblowers featured in the incredible film [Spotlight](https://www.imdb.com/title/tt1895587/)). + +I feel collectively we have a responsibility as the bearers of this knowledge to warn others that their livelihood and investments are potentially at risk. Especially, seemingly, since others are unwilling to do so. + +So I’m going to share again a **UNIVERSAL TEMPLATE** that anyone could send to those you think may be willing to listen. + +\>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> + +**Dear Sir/Madam,** + +**I have evidence to believe that the DTCC has committed securities fraud on the ticker GME (GameStop) which is diluting the value of shares held by institutional and retail investors around the globe.** + +**Here is a very short article on Medium:** [https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8](https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8) **which aims to not only provide context as a basis for this letter - but shows there exists extensive evidence demonstrating that many brokerages around the world were informed by the DTC, who are the custodians of these securities, to issue shares on behalf of GameStop in a manner that was fraudulent and against the wishes of the company.** + +**The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets and settles most securities transactions in the U.S. DTCC's subsidiary, The Depository Trust Company (DTC) provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers).** + +**Being such an essential functioning key participator within the American Financial Markets, it struck me as odd that instead of filing the correct form needed to carry out the split-dividend as was issued by the company (a statement as provided by GameStop to clarify the nature of the request as was issued 05/08/22:** [https://news.gamestop.com/stock-split/?n](https://news.gamestop.com/stock-split/?n)**) the** **DTC told brokerages in the US, and internationally, to split the GME shares into four, rather than issue dividend shares as per the corporate action described in GameStop's 8-K filing.** + +**Here in this form, you can also see the process type was listed as 'stock split' and not dividend, as was instructed:** [https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc\_form\_for\_gme\_splividend\_from\_dnb/](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) + +**It should also be noted that this** **should have been performed under the DVSE ISO code but, again, wasn't. Further discussion and evidence to support these claims can be found here:** [https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone\_keeps\_asking\_for\_proof\_of\_the\_fraud\_by/](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/) + +**The DTC instruction also specified ISO-15022 code SPLF (Forward Split) rather than DVSE (Stock Dividend) so cannot be excused an US Imperial/Metric cause of mistake. See:** [https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +**And here is the Securities Fraud law broken by the DTCC. Securities and Commodities Fraud 18 U.S. Code Statute 1348:** [https://www.reddit.com/r/Superstonk/comments/x5sgk2/here\_is\_the\_securities\_fraud\_law\_broken\_by\_the/](https://www.reddit.com/r/Superstonk/comments/x5sgk2/here_is_the_securities_fraud_law_broken_by_the/) + +**So this begs the question: Why can’t the DTC deliver the product they are custodians of?** + +**Canada's own CDS (The Canadian Depository for Securities Limited) has stated that the DTC advised them to split the shares rather than distribute new dividend shares. The GameStop 8-K filing, dated July 6, 2022 states that the 4-1 split is to be issued "in the form of a stock dividend." Reference:** [https://news.gamestop.com/node/19826/html](https://news.gamestop.com/node/19826/html) + +**In Germany the same thing is occurring and the Bafin (essentially the securities exchange police), have confirmed that GameStop dividend shares are incorrectly booked in Germany. Reference:** [https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung\_2022\_08\_02\_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1\_cid502](https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung_2022_08_02_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1_cid502) + +**The same reports are emerging at a concerning rate from as far reaching as Korea, Hong Kong, Switzerland, Cyprus and many other countries around the globe.** + +**Reports out of Korea are stating that their International Equities Team along with their Depository Leader and Counselor will be making a statement on this situation shortly. This is all further evidence that naked shares (otherwise known as synthetic shares or counterfeit shares) have been issued en masse to retail investors around the globe. For your reference, Naked shorting is** **the illegal practice of short selling shares that have not been affirmatively determined to exist.** + +**This should be front page on every newspaper around the world and now that this information is in your capable hands, I trust you will do all that you can in your endeavours to investigate this further for the sake of ensuring that the public are well informed and protected in light of potentially criminal activities.** + +**Thank you,** + +**Additional reading:** + +1. [https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond\_the\_wool\_the\_smoking\_gun\_and\_how\_the\_dtcc/](https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond_the_wool_the_smoking_gun_and_how_the_dtcc/) +2. [https://twitter.com/dlauer/status/1554128249638330369](https://twitter.com/dlauer/status/1554128249638330369) +3. [https://www.reddit.com/r/Superstonk/comments/whu9dm/we\_having\_fun\_yet/](https://www.reddit.com/r/Superstonk/comments/whu9dm/we_having_fun_yet/) +4. [https://www.reddit.com/r/Superstonk/comments/wg19eg/korean\_apes\_havent\_received\_their\_dividend\_ksd/?context=3](https://www.reddit.com/r/Superstonk/comments/wg19eg/korean_apes_havent_received_their_dividend_ksd/?context=3) + +**>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>** + +Any improvements or corrections, please share them below and I will amend. **And here are some contacts you can start by reaching out to but feel free to add more in the comments below:** + +[International Consortium of Investigative Journalists](https://preview.redd.it/0kgnjkc5aul91.png?width=2642&format=png&auto=webp&s=d558c54cce37d5dd22a2812ba343c191eb7286a9) + +* International Consortium of Investigative Journalists - [https://www.icij.org/leak/](https://www.icij.org/leak/) / [contact@icij.org](mailto:contact@icij.org) +* 60 minute news - [investigates@cbsnews.com](mailto:investigates@cbsnews.com) +* Jon Stewart - [thedailyshow@comedycentral.com](mailto:thedailyshow@comedycentral.com) \*\**sharing this as he's done work on this subject matter before, as well as an AMA here.* +* Wall Street On Parade *-* Russ Martens [ram741@aol.com](mailto:ram741@aol.com) / Pam Martens - [pamk741@aol.com](mailto:pamk741@aol.com) +* The intercept: [https://theintercept.com/source/](https://theintercept.com/source/) / [tips@theintercept.com](mailto:tips@theintercept.com) +* Top 12 Most Influential Journalists Of 2020: [https://www.nyfa.edu/student-resources/top-12-influential-journalists-today/](https://www.nyfa.edu/student-resources/top-12-influential-journalists-today/) + +*If you have other contacts, please share and I will update the list with your recommendations.* + +**Contact Government representatives:** + +1. To find your local MP (in the UK) - you can do this here: [https://members.parliament.uk/members/Commons](https://members.parliament.uk/members/Commons) +2. To find your state representative (US) - you can do this here: [https://www.house.gov/representatives/find-your-representative](https://www.house.gov/representatives/find-your-representative) + +**Financial regulators:** + +1. If you've bought shares through a UK broker, they are regulated by the FCA (Financial Conduct Authority): [https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual](https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual) +2. For the US, Canada & Mexico this is how to contact your state/province securities regulator: [https://www.nasaa.org/contact-your-regulator/](https://www.nasaa.org/contact-your-regulator/) + +....... + +^(For clarification sake, I do not represent this community and will never speak on behalf of it) *^(especially)* ^(to any MSM source. I am an individual retail investor and my concern lies exclusively with sharing information as pertinent to people’s investments and raising awareness to activity that poses a risk to said investments as held and managed within the US stock exchange as I have evidence to suggest that the DTC has committed international securities fraud. This is not financial advice.) +Apple should be announcing their next dividend this week, and if the past is any guide, I suspect that we should see a dividend increase as well. I'm hoping to see it move to 86 or 87 cents ANNUALLY per share (from their current 82 cent annual payout). Keep in mind that at the start of this fiscal year, their quarterly div was 82 cents, but due to their 4 for 1 split, it adjusted down to 82 cent annually (20.5 cents quarterly). Sorry for the confusion! + +Which made me think, which other companies do people own that reliably increase their payouts year over year? + +I've got a slew of companies that do so (EBAY, INTC, MSFT, O, PFE) but also a few that don't including: + +BAC - been stalled for regulatory reasons + +T - stalled + +AGNC, DSL, DHY - all have declined due to interest rate environment +Although I am on the front end of pursuing FIRE, I wanted to share what it has already done for me and my family. + +My wife and I decided it was time to family up and have some kiddos once we hit 30. After a year we were not able to conceive and decided to go with IVF. The first embryo transfer didn't take, the second brought us our now 18 month old son, and the most recent transfer sadly ended with a late miscarriage earlier this year. The struggle to conceive is frustrating, but the miscarriage put us at an all time low. + +All that to say the pursuit of FI put us in a position that we could spend +25K on what felt like endless fertility doctor visits without stressing about money. This journey has been a tough one, but smart financial decisions have made it somewhat easier. + +So my FI date keeps getting pushed out, but we will take some of our savings to get away for a week and just focus on our marriage. I'm not sure how this process would have looked if we didn't have the financial means to do so through the pursuit of FIRE. + +Just wanted to let everyone know how the pursuit of FIRE can help in ways you may have never imagined, like paying for the opportunity to have a family. Stay strong y'all! +I’d like to keep the value chain in Europe. I yearn for the euros I pay in fees to be recycled into the European economy. I do not want them to go into paying the salaries of American workers in the Big 3 fund companies, or into the pockets of the American elites. I want them to be reinvested in Torino or at Lille, to pay for people in Talinn or Lisboa + +My broker is already European-owned. + +But there’s no VWCE-equivalent… +Is anyone else strongly factoring the very real risk of climate change on where they will buy a property once they retire. I’ve always envisioned buying some land in the blue mountains but with the recent IPCC report, it no longer seems like a sensible idea due to the rising risk of bushfires. + +It seems that colder climates will withstand the climate changes the best. Tasmania seems like a good option and so does NZ. + +I feel like people will shift away from seaside properties and shift to land which is high up and in cooler areas. + +Am I overthinking this or is it a genuine concern? +For the past week we have groups of pumpers going from coin to coin pumping them up to some insane daily increase. Many coins that have no real value at all and will die back off whenever they leave the coin. + +As the value begins to climb smaller investors who are not in the know begin to believe in that coin. They think it is really going to take off so they decide to buy some. By the time they have seen the coins rise then the pump is probably close to over and the dump is going to begin leaving them with money in a shit coin that no one truly wants. DO NOT DO THIS. + +It seems that the pumpers are taking their profit from this scam and moving it into ethereum for safe holding. This practice has messed up the entire market and lost a lot of people a lot of money. This isn't good for the cryptocurrency world and makes the market look like a scam. + +To stop it......do not try to jump onto their pump band wagon. If you see a coin suddenly out of no where, that has went up 40-50%, do not invest in it. It is a scam. + + If you are currently holding a coin that is being pumped then ride it up to around 40-50% and sell it out from under the pumpers. This is the most powerful way for everyone to stop this. Once they begin getting stuck with shit coins then they will stop. +I'm looking at starting to do my dividend investing, and have been loading my IRA up but have been trigger shy with inflation and future economic downturn for my initial SCHD and VTI purchases. Is there any reason to hold off with inflation and economic risks looming - to make a better entry in a few months? Or does not really matter? +I must be missing something about dividends, because in my mind, why wouldn't everyone love them? Some stocks pay you a little piece and some don't, why not exclusively buy products which pay you a little piece? Do the taxes get very complicated? Why is there even a slight argument against dividend stocks? +Watch out [FedEx](https://www.cnbc.com/quotes/?symbol=FDX), [UPS](https://www.cnbc.com/quotes/?symbol=UPS), DHL and the U.S. Postal Service: [Amazon](https://www.cnbc.com/quotes/?symbol=AMZN) is building its own last-mile delivery service. + +The e-commerce behemoth announced on Thursday its new Delivery Service Partners program — designed to let entrepreneurs run their own local delivery networks of up to 40 vans emblazoned with Prime logos. + +Each delivery unit will start their day at one of 75 current Amazon stations in the U.S. where parcels ordered from Amazon.com are picked up by drivers wearing blue-collared shirts with an Amazon logo and black hats. Algorithms will determine which packages are sent to these delivery stations, and which are sent to other delivery partners, like FedEx and UPS. + +"This is all about scaling cost effectively,” said Dave Clark, senior vice president of Amazon Worldwide Operations. He said the new delivery program will help meet the growth in e-commerce. “We are going to have to meet this growth, and it's outpacing the growth of our core providers.” + +This year, more than 40 percent of all e-commerce purchases will be made on Amazon, according to an eMarketer estimate. + +Clark said Amazon has “great relationships” with its external delivery partners. “We use everything in order to meet our scale and meet our needs. I don’t see that changing in the future,” he said. + +In its latest annual 10-K filing, Amazon noted the risk associated with relying on external partners like FedEx and UPS. “If we are unable to negotiate acceptable terms with these companies or they experience performance problems or other difficulties, it could negatively impact our operating results and customer experience.” + +In the filing, Amazon said shipping costs — including sorting, delivery center and transportation expenses — ballooned from $11.5 billion in 2015 to $21.7 billion in 2017, and its shipping costs are expected to continue to increase. + +The new program brings more of the costs and customer service under its control, while letting entrepreneurs run the operations under the behemoth’s name. + +The e-commerce giant said the program will enable “hundreds” of small businesses to get started, and it will ultimately hire “tens of thousands” of new delivery drivers across the country. This comes at a time when there is a trucker shortage in the U.S., adding to rising transportation costs for many businesses. + +Amazon isn't providing an estimate for how many or how long it will take to get more delivery stations built in order to get packages to these new 10s of thousands of delivery drivers. + +Each Delivery Service Partner can start a business with as little as a $10,000 investment. The partner is vetted by Amazon, and once accepted, will lease Prime-branded vehicles from Amazon, but the entrepreneur will be in charge of recruiting and hiring drivers. Amazon will offer discounts for costs incurred to run the business on expenses like fuel, insurance and benefit programs. The company says the program is set up so successful delivery partners can make up to $300,000 in annual profit. + +Olaoluwa Abimbola has been running his delivery service business in the Denver area as part of the beta test for the last five months. While his background is in computer science and not logistics, he says he’s “loving” his new business and has already hired more than 40 employees who work “fairly regular hours” and “are encouraged to take breaks.” + +This new last-mile delivery program is in addition to Amazon Flex, a delivery program in more than 50 U.S. cities that operates more like Uber or Lyft, with “gig workers” delivering parcels from their own vehicles for $18 to $25 an hour. + +Amazon’s Delivery Service Partners is just another part of the company’s own logistics network. It already has 7,000 of its own trucks and 40 airplanes which, along with external delivery partners, shipped more than 5 billion Prime items last year. + +While Amazon won’t disclose the financials behind the new program, Clark says it’s “much more about customer experience and meeting overall growth. We think this is going to be a cost effective way to do that.” + +[Click here for the Original Article @CNBC ](https://www.cnbc.com/2018/06/27/amazon-is-recruiting-entrepreneurs-to-start-delivery-networks.html) +&#x200B; + +[Title page of Whitepaper](https://preview.redd.it/dt8wkru28q181.png?width=752&format=png&auto=webp&s=3d30900bd82a8c0f5ee4fd98fdd89efcd2f88558) + +I haven't heard much talk on this lately, so I thought I would bring it up for the new Apes. Matt Finestone has a lot of reasons to be steering GameStop towards a Loopring partnership, not least of which is the fact that he wrote the f\*&%$@# book on it. + +Link to Whitepaper below. I recommend reading it, even if you have never read a Whitepaper before. This doesn't have much heavy maths, and it talks about a lot of the things we are discussing in this forum, such as not being able to trust central exchanges/brokers with our tokens/shares. + +[https://loopring.org/resources/en\_whitepaper.pdf](https://loopring.org/resources/en_whitepaper.pdf) +We don’t qualify for assistance, we “make too much” + +I’m sick of constantly checking our bank account. + +I’m sick of wanting to treat myself but not being able to. + +I’m sick of treating myself then living with the guilt. + +I’m sick of crying from the stress. + +I’m sick of working full time plus a side gig. + + +I’m sick of worrying. + +I’m so sick of worrying. + +We’re one medical emergency away, one car accident away, one poorly planned big expense away from homelessness. +I have been learning about stock market and one of my friend suggested to learn from Varsity by Zerodha. + +I downloaded the Varsity app, even though I like to study from my laptop. I went to Varsity's website to see if the content is same as the app. + +Though the topics or headings and subheadings are same, the content is different from app. + +I wanted to know which one is better to learn from the website or the app? + +Thank you +Forgive me if this seems plainly obvious to you all. + +I kinda understand the point of buying shares if the companies pays dividends per share. + +but if they don't (like Amazon), what exactly are we trading when we buy stock in a company? We don't actually "own" a part of the company. Your money does not go to the company when you buy a share (unless it's an IPO). + +It just seems like unless it pays dividends, we're just betting on a company's performance rather than the company itself. Sort of like a side market. +Forgive me if this seems plainly obvious to you all. + +I kinda understand the point of buying shares if the companies pays dividends per share. + +but if they don't (like Amazon), what exactly are we trading when we buy stock in a company? We don't actually "own" a part of the company. Your money does not go to the company when you buy a share (unless it's an IPO). + +It just seems like unless it pays dividends, we're just betting on a company's performance rather than the company itself. Sort of like a side market. +Starting to get frustrated by the process. + +Too many times now I get a positive test and it doesn't work in real life. + +Many traded by hand, spreadsheet based systems. + +Others, code based and executed, run live and slippage eats it up. + +Now I have one where slippage is non-existent, but it just lost 4/5 days this week, and on the backtest that should never happen. On the backtest it barely has a losing day, ever. + +So like, I'm making progress, but still getting nowhere. + +FFFFuuuuuuuuuuu......nnn +Hi All, + +I posted this the other night requesting for [questions](https://www.reddit.com/r/Superstonk/comments/pz9pki/computershare_updated_their_faq_page_question/). + +People were more excited about pointing out that Charlie is wrong (spoiler, that's correct), and i got a few questions. + +However, I'm about to send an email off to their team that we're in touch with about FAQs, and what they can add to them. + +Please have a read of their newly updated FAQs: + +[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) + +Then proceed to ask any and all questions, yes I will go through everyone before I send the email off at Sunday 5pm AEST. + +Edit: Here's a link to u/Doom_Douche's [When you wish upon a star - a complete guide to ComputerShare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) that will be pinned back after this FAQ request. +I'm 30 years old and am at about $1m NW. Until this point I've felt super comfortable with a large nw and a relatively stable job. However, today they announced a ton of layoffs at our company and it sounds like a second round of layoffs are in order. No one knows who's staying or going and I always thought I wouldn't be too worried if I was laid off as I have a large NW cushion and I work in technology and can get another job that probably pays better, I've stayed here mostly due to loyalty. However, I now feel quite anxious about losing my job but I know it's somewhat irrational knowing I've got a decent cash cushion. Have any of you been navigating job losses or company losses and how has it affected your mentality? +Hello, + +I’m really getting sick and tired of “real estate investors” calling my phone asking if I want to sell my house. + +Where are they getting my number and how can I prevent this!! + +I figured I’d ask here since I assume many of you have been on the other side of this. +Dear u/Brintoul and u/AlwaysHavingFun2020, + +Hi. Hope you had a nice weekend and are staying safe during this interesting time. I am writing this letter today out of love for this little community carved out in this corner of the internet. + +I'll cut right to the chase. I'm sure you have noticed recently the change taking place in the postings. More and more we are seeing the same posts over and over again, and I think it is high time this subreddit carves out its own unique rules for posting and commenting. No longer do I believe the site wide rules of Reddit are good enough for this community. We have become too large and specialized. As a result, I am officially proposing on behalf of myself a codification of a series of rules, to which I will be detailing below. You may take them or leave them, modify them as you wish, but let the records of the internet show who suggested them. + +Posting rules: + +1. **No self promotion:** Direct links to user-generated YouTube Videos, Blog posts, advertisements, etc. all fall under this category. + +2. **All advice must be given in good faith:** This is a community dedicated to the sharing of genuine advice. As we want to help people prepare for their entire financial future, advice shown to be given in bad faith will be removed with no warning. Repeated violations of this rule will result in a permanent ban. + +3. **No posts encouraging insider trading, violations of SEC/ESMA guidelines, or other unlawful activity.** + +4. **If you want to post an image of your portfolio, the image must come from a certified brokerage:** If you do not feel comfortable displaying the exact value of your holdings, feel free to blur them out. + +5. **Do not critique another user for having a lower share count than you in a particular stock:** Especially in this economy, people are trying to set aside whatever they can. Don't judge how much other people have in their bank account. You don't know what they are experiencing. + +6. **No referral links:** Links generated when sharing one's portfolio through brokerages like M1 are exempt. + +**Insider Trading Policy:** If you are a [Section 16 Officer](https://www.sec.gov/smallbusiness/goingpublic/officersanddirectors) in any US company, to prevent any conflict of interest, we ask that you please disclose this information when you post, regardless of whether you are talking directly about the company in question. Unique user flairs identifying yourself as a "Section 16 Officer: $[Ticker Symbol]" may be handed out at moderator discretion. Posing as a Section 16 Officer, or failing to identify oneself as such in postings may result in actions up to and including a ban. + +The above rules I officially submit to you moderators. I nominate them to be the bedrock of our new rules. Any users of this subreddit wishing to second the nomination of these rules, please feel free to let your voice be heard in the comments. Please also let me know how I can change the wording to sound better. I just whipped up these rules at 1:30am based upon my immediate recollection of what I have personally seen happen on this sub (minus the Insider Trading Policy, I just think we need that because we deal in stocks.) + +Will this require more active moderation? Probably. Am I willing to put my money where my mouth is and help moderate? Yes. Am I just trying to become a mod? No. I just want this community to succeed. + +In closing, I and the rest of the community hope to hear from you soon. Stay safe everyone. + +Sincerely, + +Firstclass30 + + +P.S. If you have any additional rule suggestions, please post them below. +I don't know where else to post this without bieng ridiculed. It'll sound odd, I get it, but I want your opinions and advice on this. + +&#x200B; + +My parents are in their late 60's, they have a net worth of 30 - 35 million, liabilities are just less than 3 million. My dad owns several businesses and commercial real estate, my mom is a partner at an accounting firm, she will be retiring soon(she's been saying this for 10 years so who knows). They have lots of income sources, some of which I don't know the exact number of, but all together, it's in the low millions per year. You would think they would be living the fatFIRE lifestyle after accumulating so much wealth in their lifetime. Unfortunately, it's not the case. + +&#x200B; + +They live a very *lower middle-class* lifestyle. It's reached beyond regular frugality to the point where I've started to become worried about them. Their house is 20 years old and it's falling apart. They won't pay for any repairs to be done, there are 4 bathrooms, 2 of the toilets don't work, 1 of the showers doesn't work, the deck railings are broken, floor tiles are cracked, bed frame missing wheels, and a lot more issues . I went ahead and hired a cleaning service myself, which my parents canceled after the first visit because "they are rip offs". + +Even things they use everyday like TV and the internet, phone, they get the cheapest plan possible (slowest internet, no phone data, IPTV). My mom spends hours clipping coupons to go shopping, dad only goes to Walmart to buy clothes. It seems like they are sabotaging themselves to live a lower quality life for no good reason. + +I've tried to talk to them rationally about this but they don't see an issue with it. They have no problem spending money for businesses or investments, everything they make pretty much goes to investments or stays in the business. One of many examples, my dad will buy $30,000 worth of TV's for his stores/companies but the TV he watches at home is less that $400 and badly damaged. + +&#x200B; + +I know this is a very first world issue. Is there anything I can do to help them live a better life? +Hi all! I'm currently 29 and my current expenses are very low. My total expenses for the year was ~50k and in which 40k was my mortgage. I've since sold my home and I've been mulling over my fire number and whether I truly have a good understanding of the expenses I will incur throughout life. I wanted to hear from the community and get a better understanding of the expenses I will have throughout life. I'm hoping to hear from those who do and also don't have kids. If you would be willing to share your story with your age and estimated expenses (and other wisdom you would like to share) that would be greatly appreciated! + +Thank you again! +I hate my job. There’s really no other way to put it. I’ve been here for 6 years with limited growth and now our recent leadership changes have made the culture something I don’t care for. I used to love it, but now I seriously dread coming in every day. It’s not a normal “my job sucks” kind of thing. It’s more like “I hope I get hit by a bus so I don’t have to go in today.” + +I’ve been quasi looking and have had a couple interviews for analyst type positions. I have a bachelors in business administration and have experience as an office manager, operations manager and sales analyst. I make $52,000/year in a southeasternish state and I don’t foresee having an incredibly difficult time landing something, but it has been hard to attend interviews, follow up, adjust my resume for each position and keep a look out for new opportunities while still working full time and managing a household. Side note: I’m a single mom with a busy teenage son. + +Here are my debts: + +$20,000 in student loans which are in COVID forbearance. +My mortgage is $800. I purchased the house for $135,000 and owe $90,000 on it. It’ll probably appraise for $180,000 or so. +I have about $3,000 in credit card debt and a $15,000 personal loan which I used to buy my car and consolidate some old debt. The payment is $300 per month. + +I have just around $3,000 a month in necessary living expenses including paying the mortgage, loans, bills, and groceries. I have about $8,000 in liquid savings and access to like $90,000 of credit. + +I want to take a $15,000-$20,000 loan against my house. I don’t know if it’ll be a HELOC, home equity, or cash out refi. But I’d like to do it so I can quit my job and seriously focus on looking for something new and with a much higher pay scale. I’ll also do some sort of certification in project management or business analytics while I’m out. I anticipate it being 2-3 months. + +I’d love any thoughts especially from others who have left jobs without having another! +Hey yall- I've been learning for the past few years that a big part of why I had so many troubles saving and budgeting were because i had little to no financial literacy. I didn't know much about bank accounts, savings, loans, student loans, making a budget, ect. + +&#x200B; + +I started dating this amazing woman who didn't grow up poor, and i was astonished to find that a huge difference between our saving and spending habits came from the fact that she was taught about finances at an early age. Where i spend money on food because i get scared ill go hungry she buys what she needs and saves. Where i cant always see how spending 5$here and 110 $ there is bad she counts every dollar, and as such can really save. + +&#x200B; + +This kind of inspired me- i started learning about different financial terminology, the basics of budgeting adn saving, and other stuff- the truth is that i learned SO MUCH. I'm still not in the best place financially. I have no savings- I am only starting to pay off debt, but in the end even the small steps im taking is making a huge difference. so in the spirit of this i want to share what i've learned because maybe itll help someone. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Banking 101 + +Ok so, banks may seem like the most basic thing ever- but the truth is for a long time i didnt even want a bank account, it seemed like a useless way to store money that i needed and way gonna use. Plus overdraft fees terrified me. Turns out I was holding myself back quite a bit. + +&#x200B; + +Important definitions: + +* **Bank:** a financial establishment that invests money deposited by customers, pays it out when required, makes loans at interest, and exchanges currency. +* **Credit union: t**ype of financial co-operative. They're nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates. +* **FDIC:** The Federal Deposit Insurance Corporation (**FDIC**) is an independent federal agency insuring deposits in U.S. banks and thrifts in the event of bank failures. They insure that in the event of a bank failing you get some of your money insured. +* **Annual Percentage Yield** – APY is the amount of interest you’ll get on the money you have deposited in your bank account each year. It’s the amount the bank pays you for keeping funds in their account. used for savings accounts. +* **Deposit:** The cash you put into a bank account, the bank holds this money for you and either holds it or invests it. +* **Balance:** How much money is in your account +* **Available Balance:** How much money you actually have access to +* **Overdraft**: When you take too much money out of an account and your balance is negative. Banks sometimes have fees for this + +SO with all that out of the way... + +# Why have a bank account? + +The truth is in today's market you don't always need one. Before when i didn't have one i would cash my cheques directly for about 3$. The teller at the store knew me, and sometimes would let me get an extra 10 or 20$ in advance, knowing that id have a cheque for her later. As i started earning more though I also realized a few things: + +* Building a credit history: people need to know you, wanna get an apartment? need credit. wanna get a cerd? a loan? anything? credit. +* Banks keep money safe: its not safe to carry around 100s of dollars. This seems obvious but the anxiety i felt coming home with cash in my bag was ridiculous. Not only that my apartment got broken into and my computer stolen- what if they'd found my cash too? +* Its actually more convenient: Wanna buy shit online? done. Wanna use plastic for everything? done. wanna do literally anything that requires a card? done. +* You can save: So eventually the hope is that youre making more money than youre spending. Its used to be that if that happened i would just spend that too. But no- a savings account actually allows you to keep that money away, safe, where you need it for emergencies or whatever. + +Ok so all of that probably seemed really obvious. It wasnt for me and maybe i'm a dumbass, I get that. So finally lets talk about... + +# Opening an account + +&#x200B; + +First- Bank or Co-op? + +Big banks have the advantage of convenience and the ability to be everywhere, that said Co-ops tend to be more family friendly, you get to know the community, are much more personal, and usually have better loans. Honestly here its all about preference. I have an account with a local Co-op, which gives me access to a lot of great offers- but i also have a bank account with a big bank. The big bank u use for checking, the co-op for savings. It works for me. Look at what you have nearby and what they require and choose what fits you best. + +Second you need to choose what type of account, for the sake of this guide we'll talk about checking and savings. + +|Checking account|Savings account| +|:-|:-| +|Used to store money, pay bills, get a card, write cheques|Used to store money long term, save money, build an emergency fund| + +So once youve identified what kind of account youll be getting you need to figure out where you want to open one- so what should we be looking for? + +&#x200B; + +Checking: + +* Look for accounts that have no monthly fees. You dont want to lose money by paying a fee every month jsut to store money in the account. +* No overdraft fees. Right now theres a wide enough selection that you can get an account with no overdraft fees- protecting you from the RIDICULOUS fees that can come with an overdraft. +* Good online presence. The truth is nowadays having a convenient way to look at your accounts wherever is super amazing and useful. Even my tiny co-op has an app. + +Savings: + +* Look for higher interest/APY the higher the more they pay you for keeping your money in there +* Look for accounts with no monthly fees. Seriously, youre already giving them your money dont let them keep it. +* Mobile deposits. For those of us who get paper cheques its nice to just snap a pic. +* No transfer fees. Most of the time you open a checking and savings account together- you can only transfer money out of a savings account a certain amount of times a month before they start charging you, this is due to federal regulatory stuff- keep an eye on it. + +So now youve found some account you like with banks you think are ok- whats next? + +&#x200B; + +To open an account you need a minimum deposit- this varies depending on your bank. Some require just 1.50$ others 25$, others 50$ I suggest writing whatever your deposit is as money lost and ALWAYS keep that minimum there. That said i can never do that, but hey- dont be like me, be better than me. + +&#x200B; + +So what now? + +&#x200B; + +Thats it, thats this guide. Note that there are many other checking accounts, savings accounts, money market, IRA, and a bunch of other bullshit. The truth is that when your poor that shit is out of our league. just having a good checking and savings account is a huge step for a lot of us- so with this guide i wanted to start there. + +&#x200B; + +Thanks yall, let me know what you think and i hope this can help someone. +Fellow shareholders, + +I have a couple bummers. + +The first bummer is that I have withdrawn my case from the Court of Chancery. I did that because I overlooked a technicality; namely, that I didn't affirm my initial demand for inspection to be true under penalty of perjury under the laws of the United States. As a result my case won't go forward. + +The following is what specifies it—  + + (3) “Under oath” includes statements the declarant affirms to be true under penalty of perjury under the laws of the United States or any state. + +https://delcode.delaware.gov/title8/c001/sc07/#220 + +See, I forgot to affirm the facts in my demand to be true and sign my name at the bottom (they really like that part).  + +They also claim I lack credible basis to inspect the stockholder ledger. Now, I am really not sure, after reading Section 220 over and over and over, that inspecting the stockholder ledger requires a litigant to provide a credible basis for wrongdoing, etc. Instead, the language directs that the stockholder provide a PROPER PURPOSE for inspecting the ledger, and places the burden of proof on the company to demonstrate that the stockholder's purpose for inspection is improper. That can be for future legal warriors to hash out further. + +The second bummer is that I am stepping back from pursuing this course of action. Certain conditions that obtained which gave me the liberty to engage in this time-consuming work (figuring shit out, writing shit, mailing shit, getting shit notarized, getting shit served, etc.) are no longer obtaining, and I will be having to donate larger amounts of my time to non-GME-related activities. In addition, having dismissed my suit hampers me from pursuing it in the future. + +I realize that this is disappointing to many, including myself. My desire is to be NOT the ape who gets the farthest with this. To that end, I have been as transparent about this process as I can be, and I will provide all advice and assistance I can to anybody who carries on this effort.  + +If I were to transport my consciousness into another person's body and proceed, my next step would be to submit a signed, notarized Demand for Inspection that addresses the deficiencies identified by the good GameStop lawyers. The below text of the Defendant's Response to Plaintiff's Motion to Expedite would help with that. + +None of this changes my bullishness on the stock; in fact I'm up to [404 registered](https://imgur.com/a/I6Sfs4v). + +Onward and upward. This will be the last time I bother with the Disclaimer, unless I get into some other deep shit. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of shares held by beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Amber Ruffin, PFTCommenter, or Ariana Grande.* + + +__________________ + + +Text of Defendant GameStop Corp.'s Response to Plaintiff's Motion to Expedite + +IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE + +JASON FUCKING WATER FALL, + +Plaintiff, + +v. + +GAMESTOP CORP. + +Defendant. + +) +) +) +) +) +) +) + +C.A. No. 2021-0993 SEM + +DEFENDANT GAMESTOP CORP.’S RESPONSE TO PLAINTIFF JASON FUCKING WATER FALL'S MOTION TO EXPEDITE + +Defendant GameStop Corp. (“GameStop”) hereby responds to Plaintiff JASON FUCKING WATER FALL's ("WATER FALL") Motion to Expedite. GameStop does not oppose the Motion; Section 220 actions are typically handled on a fast track. WATER FALL has not replied to GameStop’s inquiry about a trial date; Game Stop suggests March or April 2022. + +In ordering a schedule, however, the Court should be cognizant of the fact that the entire premise of WATER FALL's Complaint is erroneous, and thus that this action may, and should, be disposed of promptly. Moreover, as a threshold problem, WATER FALL has not complied with the form-and-manner requirements of Section 220. In response to the Motion to Expedite, GameStop states the following: + +1. On November 18, 2021, WATER FALL filed his Verified Complaint pursuant to 8 Del. C. § 220 (Trans. ID 67155614), along with an accompanying Motion to Expedite (Trans. ID 67108558). GameStop acknowledges that by their nature, actions under Section 220 are summary proceedings. See 8 Del. C. § 220(c) (the Court may “summarily order to corporation to permit the stockholder to inspect [various corporate books and records].”). Therefore, GameStop does not oppose WATER FALL's Motion to Expedite, given that Section 220 expressly authorizes the Court to address books-and-records actions in a summary fashion, and also given the Court’s custom of handling Section 220 actions promptly. Indeed, GameStop proposes a trial of this action, if trial is necessary, in March or April 2022. + +2. It is important, however, to consider the deficiencies from which WATER FALL's claim suffers. His demand letter (Compl., Ex. A) was not a statutorily defined “written demand under oath,” because he did not manually sign it. Although the demand letter contains a notary seal, the notary elected to notarize a typed name and address, rather than a manual signature. The form-and-manner requirements of Section 220, which the Court always construes strictly, therefore appear not to have been satisfied. GameStop will ask the Court to address that statutory prerequisite in due course. + +3. Setting that issue aside, GameStop maintains that WATER FALL's claims are without merit, because he has not alleged a proper purpose to warrant inspection of GameStop’s corporate books and records. 8 Del. C. § 220(c)(3) (a plaintiff “stockholder shall first establish that . . . [t]he inspection such stockholder seeks is for a proper purpose.”). In his Verified Complaint, WATER FALL takes issue with a Form 8-K that GameStop filed with the Securities and Exchange Commission on June 9, 2021, in which GameStop announced the results of the submission of certain matters to a vote of its stockholders at its annual stockholder meeting. Compl. ¶¶ 5-6. He alleges that there was an error in the “collection, tabulation, reconciliation, and reporting” of the results of the stockholder vote, which “mean[s] that the results were likely manually adjusted by a person,” thus “point[ing] to the possibility of mismanagement, wrongdoing, or waste.” Compl. ¶¶ 18, 20. + +4. WATER FALL's underlying Section 220 demand letter sheds additional light on his allegations. The demand letter refers to a one-share disparity between the number of shares that the Form 8-K reported as having been present at the stockholder meeting in person or by proxy relative to the nomination of Lawrence Cheng to the Board (55,541,280) and the number of shares present at the meeting relative to the nominations of the other director candidates and relative to the two management proposals that were submitted to the stockholders (55,541,279 for each). Compl., Ex. A. + +5. The entire premise of WATER FALL's Verified Complaint is mistaken. There was no error in the count and there was no manual or other adjustment of the results of the stockholder vote. Rather, the one-vote discrepancy resulted solely from the manner in which the Inspector of Elections treated votes by  fractional shares before expressing the vote totals in whole numbers. To be specific, the Inspector of Elections added up the votes for and against, the abstentions, and the broker non-votes for each director nominee and for both management proposals, and then deleted any resulting fractional shares from the totals, to generate, and to report, whole number counts. He selected that approach in preference to rounding fractionalshare counts up or down. To take one example, 44,967,065.7384 shares voted in favor of George E. Sherman as a director nominee. The Inspector of Elections could have rounded that number up to 44,967,066. But the Inspector chose instead to remove the 0.7384 fractional shares appearing after the decimal point and to report the vote as 44,967,065. Given that a quorum was obviously present and that none of the votes were at all close, the Inspector of Elections concluded that it was not necessary to include the fractional shares appearing after the decimal points in the reported results. + +6. By sheer coincidence, the elimination of fractional shares appearing after the decimal points reduced the vote total for director nominee Lawrence Cheng by 1.0375 votes. In contrast, and also by coincidence, such elimination of fractional shares reduced the vote totals for the other director nominees and for the two management proposals by either 2.0374 or 2.0375 votes. That one-vote difference in the reduction in the vote counts, caused solely by the elimination of such fractional shares in each instance, explains the one-share discrepancy upon which WATER FALL's Verified Complaint is based. Because Mr. Cheng’s count was reduced by one vote fewer than the reduction in all of the other counts, his total share count was reported as being one vote greater than the share count for the other directors and for the management proposals. + +7. As set forth in GameStop’s Answer and Affirmative Defenses (Trans. ID 67166514), the above explanation addresses any alleged inconsistencies in the results reported in the Form 8-K. The results as reported in the Form 8-K were materially accurate and were based upon the methodology utilized by the Inspector of Elections. There was no manual alteration of the results. There was no mismanagement, wrongdoing, or waste, and there is no credible basis to believe that there was. Therefore, WATER FALL's Verified Complaint does not allege a proper purpose for which he seeks to inspect GameStop’s corporate books and records. + +8. That said, GameStop does not oppose WATER FALL's Motion to Expedite. The likely absence of any factual disputes may make this action appropriate for resolution by summary judgment, such that trial would not be needed. As stated above, GameStop requests that the Court set a trial date, if trial is needed, for March or April 2022. If a trial does go forward, it might be most efficiently handled on a paper record. +Hi r/personalfinance! I volunteer regularly at an animal shelter where I help socialize cats to prepare them for adoption. There is one that has kind of grabbed my heart and I am at least partially serious about adopting her. What is holding me back is the financial side of pet ownership. Currently my only pets are some succulents /s + +Here is some of my basic info: + + - 22F + + - Current full time college student, graduating in December with a BSN in nursing + + - Current savings are a little over $1500 + + - Currently working a part time job as a home health caregiver, earning about $200-400 a month, but I could increase that potentially to $400-500 if I picked up more hours and watched less Netflix. + + - Current monthly spending is usually $50-100 in miscellaneous things such as toiletries and meals with friends. I am relatively frugal! + +Initial fees for the cat would be a $40 adoption and a $400 deposit at my current apartment ($200 refundable on move out) plus food and litter supplies (estimating ? $120 right out, monthly will be less). I might be able to get the pet deposit waived by my MHNP that I see for anxiety and get the cat classified as an emotional support animal. The cat would already be spayed, with shots, and microchipped. My parents will be paying my rent and providing my food money until December, where I will move in with them while I study for my boards. When work starts (timeline estimates mid february) I will move in cities to live with my long term significant other. + +I'm a full time student, but I could definitely pick up more hours. I really haven't been saving for anything in particular other than my first month of rent/food for when I move to my new city (rent/bills will be ~$750). Eventually I will need to get a new car, but that can definitely wait until my big girl money comes in. + +My question is: do you think I can afford to adopt a cat? How much do you spend a month on your cat? Is there a certain amount I should save first? + +I appreciate all advice! I also posted this on r/cats + +Edited to correct some numbers + +Edit 2: y'all are so supportive! You have definitely given me a lot to think about. I live out of state from this particular shelter, but I am going back this week to visit my parents during my short summer break. If she is there, I will see if I can adopt her! Also thank you for the gold! That's a first! + +Edit 3: to those of you offering donations, I so appreciate it!! I had no idea reddit was this kind. I do have a PayPal account for those that wish to contribute. + + +Thank you so much to everyone! If the adoption is successful, I'll report back with photos! + + +Edit: I adopted her! I'll post an update with the breakdown of my first month of expenses in the next few weeks! Thank you all so much for your help! +I would like to share some very in depth due diligence done by someone not on Reddit but is of extreme value to many people. + +They are more active on HotCopper which I'm sure everyone here has heard of. I'll supply links for those who are interested can read about further, set aside a good few hours as there is a lot of info to get through. + +Firstly, a primer on the background of the company, management, and the oncology drug they're reviving can be accessed here - [RAC Primer.](https://hotcopper.com.au/threads/rac-primer.5627186/#post-47378954) + +Secondly, FA analysis of the market and further peer comparison with a downloadable PDF accessed here - [RAC FA.](https://hotcopper.com.au/threads/race-oncology-fa.5499225/#post-45836955) + +Thirdly, about Bisantrene and Race Oncology 3 pillar strategy with comparisons on the market availability oncology drugs and usability accessed here - [Peer Analysis.](https://hotcopper.com.au/threads/estimated-bisantrene-revenues-compared-with-oncology-top-5.5795792/#post-49305023) + +These links provide a huge amount of information and a lot to wrap your heads around so I hope everyone enjoys the read and the process. + +Also Mods, hope this is okay, IMO RAC is an undervalued company and because it is tightly held with a very small number of SOI it does not get a massive following. You'll see reading through these threads it's difficult to take a large position in RAC because people are holding long (18 months). Its MC is currently only sitting at $222m but that's because the last few weeks have been a bit brutal, true value should be multiples of this and there is a high probability of it reaching close to $1b in 12 months time. + +The buyout timeframe is within the next 12 - 24 months. I won't put what multiples as the above links provides a range of discounts and probabilities of success for each pillar. + +Enjoy :) + +\-------------------------- + +EDIT: Wombat has been so kind as to provide an update. The HC post can be accessed here - [HotCopper Thread](https://hotcopper.com.au/threads/rac-upside-promising-forgotten-cancer-drug-that-works.5891587/#.YByoddgzaUk) and the associated PDF accessed here - [Analysis PDF.](https://hotcopper.com.au/attachments/rac-upside-5-february-2021-pdf.2883401/) + +More info by an independent professional on LinkedIn, [accessible here.](https://www.linkedin.com/posts/chriskallos_race-oncology-asxrac-initiation-report-activity-6768047859473494016-eDcx/?fbclid=IwAR33rgFqBs7O-RrhoTED_zlUpnx2fwVdLvFSi4NxeEYMCm17EHIpgL2LVuE) + +Positive Early Preclinical Ovarian Cancer Results announcement, located here - [ASX Announcement.](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02344727-6A1021436?access_token=83ff96335c2d45a094df02a206a39ff4) + +Second FTO independent study identifies Bisantrene is a potent inhibitor - [ASX Announcement here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02363873-6A1028517?access_token=83ff96335c2d45a094df02a206a39ff4) and the journal article relating to it [POSTED HERE.](https://hotcopper.com.au/threads/pillar-1-fto-new-thread.5839654/page-681?post_id=52415505#.YHeS3mczY2w) Will have to search for the journal article from the title at this link. +Seems zippy out of love from this sub, used to be the first love and start of ASX_Bets meme any og still out there? +Or am the only one who buys the dip +My family is lost right now, but we would appreciate any info that we should pursue, or anything people really don't know about. There's not really gonna be any estate issues (we think) since she was a 24 year old student. + +Thanks in advance. +Update: I'm down ~35% and six figures YTD on selling naked puts on the FAANGS. Seems like most are down somewhere around 10-20% but doing better than me. + +Please post % and, if applicable, $ loss? + +Thanks for sharing. + + +Hi guys . + +What are the best vehicles to target a short on the CAN Real Estate market. + +Both on Toronto exchange and US markets. + +&#x200B; + +Leveraged ETFs and ETFs. + +Residential builders on the high-end . + +Their suppliers. + +Banks possibly locals with considerable exposure to single builders. + +&#x200B; + +From r/stock some ideas are HRED REK SRS Brookfield [https://ibb.co/72Nq4tD](https://ibb.co/72Nq4tD) (which one?) +🖼 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) +On the suggestion of the tacomaster, share here your favourite stock at the moment + +Edit: to make it more fun, I will put 5k into the highest voted post (that isn’t DLC) + +Edit 2: and this, tacomaster, is why we can’t have nice things… + +Edit 3: current leaders are +Z1P +VML +LKE +EXR and GRR not far behind + +*fuck off with your bboz, that is not a stock you gay bear 🐻 +it looks like VWCE is at all time high , should i wait or buy now? I have never invested and i am considering starting after 2 years of research , but it feels like it's absolutely the worst timing. I don't want to DCA , i feel more comfortable going all. +My latest 3 transactions for US stocks had the € 0,50 transaction fee. + +But one month ago they [declared](https://flatexdegiro.com/media/pages/investor-relations/reports-financial-calendar/b9279b61f1-1638775850/degiro-goes-zero_analyst-call.pdf) they would be going zero. + +&#x200B; + +What's going on? + +Why suddenly they re-introduced the fee without saying anything about it? + +&#x200B; + +EDIT: This was the actual [document](https://www.degiro.ie/data/pdf/ie/Fee_Schedule_December.pdf?utm_source=email+marketing&utm_medium=ie-en-&utm_campaign=ao-service-gtc&utm_content=) I received by email. +I know that in Europe is not possible to Refinance mortgages, and we only have equity releases instead, which are limited. +I was wondering if anyone has any experience of real estate investment starting with just a 20% down payment? I’d like to buy a 2/3 bedrooms apartment, live in one room and rent out the other 2. Keeping in mind that I want to leave Europe in 2/3 years max, would that make sense? +For those of you investors who actually work in tech. I dont mean as a non-technical product manager, I’m talking SWE, IT, DevOps, AR/VR, 3D Printing, AI, etc.. what are your honest thoughts on the potential of the advancements made in the AR/VR space shown off in Metas latest showcase. Does this make you feel positive about the future or skeptical. + +Too many Meta bashing posts from people with zero experience developing tech. + +For reference, I’m an IT Engineer in Silicon Valley. Hoping for an unbiased educated discussion. Let me know your thoughts! +As the Fed caused a bit of a ripple in the market today and I considered vacating a position (but ultimately didn't). I thought a little bit about my journey over the years and thought I'd share a story and a few things I've learned. + +Back in 2003, I made my first move in the stock market by taking an $1800 tax return and buying 200 shares of a coal company called Consol. At the time it traded under the symbol CNX. I bought it with almost no DD simply because it paid a pretty good dividend. (Around .50/share if I recall correctly.) This is back when internet trading really wasn't a thing. I bought it through my bank and the trade cost me **$40**! (I actually had to call a broker at my bank and place the trade over the phone. Ancient times, right?) lol I figured, win lose or draw, eventually this stock will pay for itself with the dividend. I didn't follow the market much after that because I was really holding for the dividend, but realized a couple of years later, it had climbed into the 30s. Around 2007 it had hit 55 and I decided to sell. Still with my bank, the trade cost me another forty bucks! I took the money and put it in a basic savings account where it basically sat doing nothing until 2016. (I missed the crash of 08, by being liquid at the time, but this was pure luck. Nobody saw that coming.) + +In 2016, after some reading I decided I had more confidence in trading so I took the money and opened an investor's checking/trading account with Charles Schwab. *I was amazed at trades costing $4.99 and done on my laptop*! lol After quite a bit of DD I decided to buy 300 shares of NVIDIA. At around $24 a share, it cost me about $7200. (I took the rest and made a down payment on a new (*used*) car and an AK-47.) lol... + +After that, I just held the stock. Diamond handed it as the kids say. I've bought and sold quite a few other stocks over the years, but those two trades are where I started. Two trades over the course of 17 years turned an $1800 tax return into a nice safety net worth over $200,000 with almost no effort on my part. + +What have I learned? + +Even a small amount of money in the stock market can lead to a big return. But don't invest more than you can afford. For me, a tax return one year was about all I could throw at it in my 20s. "YOLOing" your rent check is never a good idea. + +Be PATIENT. You're not going to get rich overnight. That type of thing is rare and risky. Do your DD and hold onto what you're confident in. + +When the market takes a downturn, **BUY!** One of my biggest regrets is not investing heavily in 2008 when I was very liquid and the market had taken a nose dive. I did not repeat this mistake last April/May when the pandemic caused another crash. I bought everything I could. Particularly old giants like Ford, and GE which were no brainer bargains at >$5. The worst thing you can do is panic sell. The market will come back. Hold on and accumulate. (I actually figured it might take 2 years for a comeback this time, but we bounced back much earlier.) This thinking is what got me to hold the position I was thinking of bailing on today, when I realized I would just be panic selling in advance of some Fed news. Regardless of the news, the market would bounce back. + +Never let savings sit in a traditional savings account. (*like I did for 8 years from 2007-2016...lol)* Even if compound interest is all you're after, there are much better rates with other financial products. + +Be patient, *but don't be afraid to take profits*. Don't fall in love. Have an exit plan. I sold Consol around 55 with a 9 entry. Pretty good... Later that same year, it climbed into the 90s. Made me wince, but I didn't regret it. *Unless you have a crystal ball, you're never going to enter at a historic low and exit at an all time high and that's ok.* I realized at the time that coal was cyclical and was most likely going to decline in value in the coming years. I stuck to the plan. When I saw a spike, I sold. For perspective, that high in the 90s in 08 hasn't been repeated since. Consol trades in the high teens now and offers no dividend. (New ticker CEIX) So in hindight I exited on a bubble that could have been better, but if I waited too long, it could have been much worse. + +It's never too late to start. If you look at those two simple trades over the span of 17 years, you could potentially do the same thing in your late 40s with a small amount of money (*remember nothing you can't afford to lose)* and have a decent nest egg by the time you hit 100% retirement in your 60s. + +I hope to have given a little insight here. I thought it was worth sharing. If you disagree, don't be too hard on me. I'm not a financial professional... :D + +Have a good'un! +Still have a bit of money in TFSA, been DCA into index's and ETFs but what is your general sentiment about the markets right now. How large are your cash positions ? +EDIT9: Update from PM_ME_DANK_PEENS, read and come to your own conclusions and/or do your own DD +https://www.reddit.com/r/Superstonk/comments/rgpa9h/this_keeps_getting_buried_if_you_have_ally_as/ + +Update: seems like I've been banned for 7 days for spamming, good luck and do your own DD to all those who DRS-ed your IRAs with custodians, hope you don't get screwed + +I won't be able to reply, so DM me or tag me in another sub. I'll continue to update this post with evidence gathered by other apes so if anyone wants to carry the torch to make a new post, you will be able to + +EDIT8: Can they sell your shares without permission?[https://www.reddit.com/r/Superstonk/comments/reauv5/comment/hog0569/?context=3](https://www.reddit.com/r/Superstonk/comments/reauv5/comment/hog0569/?context=3) + +EDIT7: `/u/_foo-bar_` ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/hoe4fqa/?context=3)) just provided an update, foobar did not provide hard written evidence yet. + +>I called this morning. I was connected to a call center agent. She said yes IRA in a custodian account are held as book entry and they are removed from the DTC. They are held in the name of the custodian on your behalf. +> +>She had a hard time understanding why I was asking all this so that’s the best answer I could get. I was unable to get the chat bot to connect me to a human. I’m going to send an email to them now asking the same questions. I did ask about talking to someone higher up, but she wasn’t able to. +> +>This leaves the question can shares that have been withdrawn from the DTC but held by the custodian be somehow lent out by the custodian? I’m not sure how they could be if they’re in book entry form and not at the DTC. I will try to get a better answer by email. + +EDIT6: /u/Parris-2rs ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/ho7oy39/?context=3)) and `/u/_foo-bar_` ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/ho94zoq/?context=3)) have taken it upon themselves to check with ComputerShare and provide evidence to the contrary. Let's patiently await to hear from them on Monday. I'll update this post (and likely make a new one) once they share their findings with us. + +Post [died in new](https://www.reddit.com/r/Superstonk/comments/rdo33w/what_does_it_mean_for_my_ira_drsed_shares_to_be/), reposting. + +I'm sure many of you have seen [kitties-plus-titties](https://www.reddit.com/u/kitties-plus-titties/) posting this same comment across different threads. I did, and initially dismissed her claims until her persistence finally got me to try to help. + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/rcdkdo\/credit\_to\_ukittiesplustitties\_ira\_discussion\/ ](https://preview.redd.it/jgu2av0ep0581.png?width=686&format=png&auto=webp&s=acc1efe9b738d9c670faaa4eab699be91f3f0577) + +I'm also sure many of you have seen youniversawme 's [post](https://www.reddit.com/r/Superstonk/comments/r0zpsa/drs_for_ira_stepbystep/) + +[Extracted from youniversawme's post - statement from Ally](https://preview.redd.it/tl2zp20ip0581.png?width=607&format=png&auto=webp&s=5c08ffe8eb95bc4800b17753bab696407e495c93) + +And also saw PCBSD2's [post](https://www.reddit.com/r/Superstonk/comments/re378o/keep_this_from_being_downvoted_how_to_get_those/) + +[Extracted from PCBSD2's post - markings are mine](https://preview.redd.it/boux9su9p0581.png?width=879&format=png&auto=webp&s=f99a593c3a3f5b4298cc22578a79c83680bf8f44) + +[FIDELITY VS AER ADVISORS LAWSUIT](https://www.supremecourt.gov/DocketPDF/19/19-347/115806/20190913171623872_AER%20Advisors%20Inc%20et%20al%20v%20Fidelity%20Brokerage%20Services%20LLC%20-%20Petition%20for%20Writ.pdf) + +[https:\/\/www.supremecourt.gov\/DocketPDF\/19\/19-347\/115806\/20190913171623872\_AER&#37;20Advisors&#37;20Inc&#37;20et&#37;20al&#37;20v&#37;20Fidelity&#37;20Brokerage&#37;20Services&#37;20LLC&#37;20-&#37;20Petition&#37;20for&#37;20Writ.pdf](https://preview.redd.it/eyqt07c301581.png?width=443&format=png&auto=webp&s=1476fd9bf070beff4e17f463e58cb5043401df67) + +This is youniversawme's TL;DR from his post + +>TL;DR +> +>Steps I took to DRS my IRAs: +> +>**Step 1:** Open and transfer to a matching type IRA at Ally Invest (or Axos, or any other that agrees to be custodian for a DRS transfer) +> +>**EDIT: When asked to "enroll in the Securities Income program" or some crap -- read the fine print: it is asking if you want to make money LENDING YOUR SHARES. Check HELL NO ☑️** +> +>**Step 2:** Upload a LOI (Letter Of Instruction) with a bunch of info on it. Cost = $115. +> +>EDIT: [Here is a Letter of Instruction template](https://imgur.com/a/Be3qBxk) made and shared by [u/lucidfer](https://www.reddit.com/u/lucidfer/) based on my chicken scratched letter. It worked, and feel free to use it as needed! +> +>DRS = Safe Zone. Computershare will protect the beneficial owner (me) from any attempted shady transactions of my shares via mail to me and allow me to override said shady transactions. +> +>If you have issues with the custodians here, Apex or Axos, scroll back up and read that part. I did too, but CS pretty much put them at ease. +> +>**Step 3:** When it's time to transfer out of DRS, lots of ways to do it, but the easiest (=upload 1 form), fastest (=1-2 days) and cheapest (=free) is to use the DRS Profile system through **the broker of your choice**, to wherever you want the shares to go. +> +>For me, confirming that Step 3 was a game changer. Not so much to be able to transfer out to sell quickly, but to have the ability to easily transfer out my IRA shares to ANYWHERE I want them to go. + +So who's correct? Can your shares be lent out despite being "directly registered" in Computershare? + +Notice the quotation marks as the "direct registration" you see youniversawme and PCBSD2 advocating is FUNDAMENTALLY DIFFERENT from the "direct registration" of non-IRA shares THAT ARE ACTUALLY REGISTERED IN YOUR NAME in GAMESTOP's Company Ledger. + +Let's find out if their claims are true! + +&#x200B; + +In youniversawme's TL:DR + +This is very important to note + +1. **EDIT: When asked to "enroll in the Securities Income program" or some crap -- read the fine print: it is asking if you want to make money LENDING YOUR SHARES. Check HELL NO ☑️** + +&#x200B; + +**Why does them asking about lending your shares matter?** + +It means your IRA shares are registered under Ally's name! And with a switch, they can just turn on lending behind your back, [just like Fidelity did above](https://www.supremecourt.gov/DocketPDF/19/19-347/115806/20190913171623872_AER%20Advisors%20Inc%20et%20al%20v%20Fidelity%20Brokerage%20Services%20LLC%20-%20Petition%20for%20Writ.pdf). + +**But, but...It says DRS invoice #: 0000000000000, so it's DRS-ed and the shares are registered in your name!** + +Yes, I hear you. Aside from the shady invoice number you're given that you should think about, the statement is provided by Ally. + +**Why does the statement being provided by Ally matter?** + +Ally was one of those brokers that turned off the buy button back in January. Can they really be trusted for what they tell you? Are they incentivized to convince you that your DRS-ed IRA shares are in your name when they are ACTUALLY NOT? Yes. Because of share lending. + +**Okay, I don't trust you, this must be a FUD campaign by you shills to discourage us from transferring our IRA shares to ComputerShare!** + +Sure. You don't have to trust me and I'm not asking that you do... + +&#x200B; + +**So who can we trust to find out the truth?** + +I'm glad you asked. This [person](https://www.reddit.com/user/me/)....ComputerShare is the authoritative reference that everyone should ask regarding direct registration. + +**But, but, I eat crayons, I'm too smooth-brained and don't know what to ask them!** + +No worries, [The\_Kudzu](https://www.reddit.com/u/The_Kudzu/) got you covered. Here are some questions he specifically asked them (replies in screenshot below). Added \[square brackets\] for context. If you have better questions to ask, feel free to add in the comments and I'll edit them in the post. (I thought of the last 3 questions myself) + +1. For clarity, these \[IRA shares registered via Apex as custodian\] are direct registered shares in my name correct? +2. In the case of a dividend being issued to custodial shares the dividend would be paid out through you to me, correct? +3. As custodian does Apex have any ability to sell these shares, or am I the sole individual that can issue a sell request? +4. Are these shares removed from DTCC? Are they **Beneficially Owned Shares** or **Registered-Ownership Shares**? (see ComputerShare Company Share Structure image below) +5. Are my self-directed IRA shares with Camaplan removed from Cede & Co and registered in my name as a registered shareholder in GameStop's ledger? +6. Can my custodian (or Camaplan) lend out my shares with or without my permission? +7. EDIT4 ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/ho874m2/?context=3) by u/tinytankhank) Am I the Legal Owner or Beneficial Owner of my shares? + +# Possible Proof from The_Kudzu that your shares are NOT REMOVED from CEDE & CO + +[ The\_Kudzu's due diligence with ComputerShare chat https:\/\/www.reddit.com\/r\/Superstonk\/comments\/rcxt3p\/ira\_drs\_information\_regarding\_custodial\/ ](https://preview.redd.it/e03rc87op0581.png?width=1303&format=png&auto=webp&s=6b995a1c0be92bbeb68a1b056d9523c0a20317b9) + +Now go forth and do your own due diligence to ask ComputerShare for answers. + +And I implore you to share evidence of your correspondence in this thread, link to a ComputerShare chatlog, or a recorded voice call with ComputerShare, or an email reply by ComputerShare, or *via the contact form on their website* (EDIT3 Additional source of info by u/Jay4usc). This will help build evidence-backed consensus and get us closer to the truth . + +For those planning to DRS via [Camaplan](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/), I suggest you verify the same questions above with ComputerShare as well. + +**If they tell you your account is under Checkbook Control, that's another way of saying beneficial ownership.** + +[\/u\/Toxsic99 - ComputerShare's company share structure - This could be a TL;DR of sorts https:\/\/www.reddit.com\/r\/Superstonk\/comments\/q0mu9l\/computershare\_cs\_now\_has\_a\_diagram\_that\_shows\/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf ](https://preview.redd.it/3skb0j8rp0581.png?width=894&format=png&auto=webp&s=ca860a5a6c5dfdb1ffa063f0e95646f02c3fae49) + +# + +# AFTERNOTE + +**But..But..ComputerShare doesn't want to entertain my questions!** + +Transfer ONE share over and ask them! That will give you skin in the game. A 1 share holder is still a shareholder as much as an XXXX share holder. + +**So I've verified your claims with ComputerShare, wut do? I can't DRS my IRA shares** 😭? + +[/u/Cextus](https://www.reddit.com/u/Cextus/) has [this](https://www.reddit.com/r/Superstonk/comments/rcybn6/so_fidelity_was_asked_if_there_could_be_any/hnzbbjy/?context=3) to say: + +>I sent an email to gamestop IR, about enabling us to register SDIRA under CS... Let's see what they say. + +As for me, my hope is that if enough apes ask about it, GameStop will have their transfer agent enable this service for their shareholders and customers, fingers crossed. + +# EDIT5: If you haven't tried transferring your IRA shares directly to ComputerShare with their transfer wizard, give it a shot and let us know how it goes! ([Context](https://www.reddit.com/r/Superstonk/comments/reauv5/ok_guys_im_here_to_clarify_the_fudconfusion_about/ho6kdhf/?context=8&depth=9)) do verify the URL yourself + +[https://www-us.computershare.com/TransferWizard/default.aspx?ReturnUrl=%2ftransferwizard](https://www-us.computershare.com/TransferWizard/default.aspx?ReturnUrl=%2ftransferwizard) + +&#x200B; + +Or just take the tax hit (early distribution, transfer-in-kind) like [Doom\_Douche](https://www.reddit.com/u/Doom_Douche/) and a few others did, [more info here](https://www.reddit.com/r/Superstonk/comments/r7hzl1/drs_your_ira_the_yolo_way/), the key point: THE 10% PENALTY ONLY APPLIES TO YOUR GAINS AND NOT THE PRINCIPLE OR CONTRIBUTIONS. **Or wait till Jan 2022 so the taxman only comes in 2023, giving you plenty of buffer to build up the funds to pay your taxes.** + +EDIT6: Do check out /u/lovely-day-outside's new [DD](https://www.reddit.com/r/Superstonk/comments/rerlhp/potentially_large_tax_implications_of_an_inkind/) on possible tax implications! + +&#x200B; + +# EDIT: I GOT TRICKED! HOW CAN I MOVE MY SHARES AND ACTUALLY DRS THEM FOR REAL? + +[u/PM\_ME\_DANK\_PEENS](https://www.reddit.com/user/PM_ME_DANK_PEENS/) got you covered in his new [post](https://www.reddit.com/r/Superstonk/comments/reauv5/ok_guys_im_here_to_clarify_the_fudconfusion_about/) and also verified the claims in this post, check his post out! + +https://preview.redd.it/9mafgems61581.png?width=1125&format=png&auto=webp&s=cc672f874ddef47b3046791f610999ab53d6c183 + +&#x200B; + +P.S. For those who have done their own DD to verify the claims in this post, given what you've learnt what do you think should be done to the misinformation that youniversawme and PCBSD2 spreaded? + +&#x200B; + +Discussions on topic: + +[https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit\_to\_ukittiesplustitties\_ira\_discussion/hnua8qp/](https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit_to_ukittiesplustitties_ira_discussion/hnua8qp/) + +[https://www.reddit.com/r/Superstonk/comments/rco6gv/comment/hnyea9v/](https://www.reddit.com/r/Superstonk/comments/rco6gv/comment/hnyea9v/) + +[https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit\_to\_ukittiesplustitties\_ira\_discussion/hnze0ho/?context=3](https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit_to_ukittiesplustitties_ira_discussion/hnze0ho/?context=3) + +[https://www.reddit.com/r/Superstonk/comments/rcqz41/news\_dec\_9\_21/ho1zizw/?context=3](https://www.reddit.com/r/Superstonk/comments/rcqz41/news_dec_9_21/ho1zizw/?context=3) + +&#x200B; + +EDIT2: Relevant DD by u/Corporal_Retard regarding share ownership + +[https://www.reddit.com/r/Superstonk/comments/rcvazb/dd\_the\_manipulation\_trifecta\_on\_this\_episode\_of/](https://www.reddit.com/r/Superstonk/comments/rcvazb/dd_the_manipulation_trifecta_on_this_episode_of/) + +&#x200B; + +All credit goes to: + +[kitties-plus-titties](https://www.reddit.com/u/kitties-plus-titties/) for her perseverance and strength of heart to go against the prevailing sentiment to get the information out to the rest of us smooth-brains. + +[The\_Kudzu](https://www.reddit.com/u/The_Kudzu/) for entertaining my suggestions, and verifying and providing evidence from ComputerShare. + +[kendie02](https://www.reddit.com/u/kendie02/) and for entertaining my suggestions and trusting themselves to verify with ComputerShare. + +[Doom\_Douche](https://www.reddit.com/u/Doom_Douche/) for sharing information on the 10% penalty on gains for IRA shares. + +[Toxsic99](https://www.reddit.com/u/Toxsic99/) for sharing his DD on ComputerShare + +[Jalatiphra](https://www.reddit.com/u/Jalatiphra/) for helping to share the information and lovingly chastised me for not creating a post to share such important information. :P + +P.S. Feel free to crosspost to other subs, I take no credit +After a traditional post-launch presale dump, $Smoke High is primed for a 20x. Especially with CMC / CG Pending. + +What does it take to create a solid project? A Nice website? Doxxed Team? Audit? Funky Memes and sticker? Or a 10k+ Telegram full of bots? Wrong. Although these contribute to some extent (minus the bots) a real project relies on Strategy and Milestones. Without these everything will be executed without real gravitas! In addition to this, nowadays, everything is smoke-and-mirrors. + +What is $Smoke High? + +Smoke High is the mantra for crypto enthusiasts and 420-connoisseurs alike. The project aims to be the first successful coin to create a Marketplace for CBD-Products, where every transaction feeds money back into the Token! A trailblazer for the next generation of 420-friendly Coins. + +So what makes $SMOKE HIGH any different? + +Smoke High are taking the framework of the Buy-Back system and building upon it. They plan to integrate their online CBD Marketplace with crypto. They will have a rolodex of small - medium sized vendors, whom will be able to sell their arsenal of 420-friendly products through their Marketplace. + +A small percentage of each transaction - at the marketplace - will be auto-converted into the Native token ($SMOKE) and will 'deal' more green into the chart. This second buy-back will not tax the investors. + +Key Points + +✅ Low MC - Excellent Entry Point + +✅ Full Techrate Audit already published! + +✅ 5 BIG NAME Influencers Holders + +✅ Initial Pitch-deck of the Marketplace released! + +✅ TV AD scheduled to air Nationally soon + +✅ CMC Applied. CG Fast-Track in talks. + +It's a huge opportunity to witness and get involved in - what will questionably be - one of the biggest and most innovative projects of the year. + +Aggressive marketing campaigns confirmed with a plethora of influencers from the east-to-the-west of the globe. + +Key Links + +🗣 TELEGRAM | [https://t.me/Smokehightoken](https://t.me/Smokehightoken) + +🌐 WEBSITE | [https://smoke-high.com/](https://smoke-high.com/) + +🐤 TWITTER | [https://twitter.com/smokehigh5](https://twitter.com/smokehigh5) + +💶 BUY HERE | [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x19bE15159d1b4A937e8D5Baa66b981a6B30A0aD5](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x19bE15159d1b4A937e8D5Baa66b981a6B30A0aD5) +For context: I have an individual brokerage account with roughly $300k, maxed out 401k and Roth IRA, and an emergency fund of 1 year for my primary residence, plus expenses. + +I keep most of my savings in the market, with little outside my emergency fund. I'd like to purchase a rental, but don't want to sell my stocks and trigger a taxable event (plus they'll keep appreciating). + +I can withdraw cash on margin from my brokerage for 1.5% interest. If I withdraw $50k to use as a down payment, I can leverage that 5 times while also allowing my portfolio to stay in the market. The risk is if the market tanks and I get margin called, though the market would have to fall about 50% before the margin call - unlikely. + +Am I a moron? +Hi all, not sure if this is a good place for this. Been investing for a few years now and tracking trade streams online for the companies I invest in. + +I came across one of the companies in my portfolio, Emmerson PLC today. + +So looking at trades on 25/3. + +- Buy volume (up to 2.18pm) was 1,030,863 shares. +- Sell volume up to same time was 517,444 shares. +- Undisclosed trades of 236,376 shares (at least 10% of which are buy as I placed a trade that came under undisclosed) + +The share price confusingly is down 0.35% for the day so far. + +I just want to understand the scenarios that make this possible as my "supply and demand" level of understanding has been broken here? Can anyone help? + +Edit: I've also noticed this happening on other days where buy exceeds sell volume and share price remained unmoved or decreased. +If you are like most people on /r/Economics, you probably think the official inflation statistics are fudged, and [something like what is shown on ShadowStats is more reasonable](http://www.shadowstats.com/alternate_data/inflation-charts). But just think about it for a second. If there really is 10% inflation that the government has been ignoring since the 90s, then prices of *everything* should have tripled since the 90s. That clearly has not happened. So don't be so quick to write off the official inflation numbers. Because if they had lied about them too much, it would be obvious due to compounding inflation. +So to cut a long story short I had a total debt of £2400 ( not including my car payments) this was spread over 5 cc cards which were "credit builders" not seen any credit get built in the time I've had them however February I had a lovely letter off cc1 and cc2 that my interest was doubling! It went from 19.9% to 39% my arse fell out! So I needed to pay them off quick! I was making higher than the minimum payments but I just never seemed to go down I felt that the balances had been floating at this amount for months! + +With not going anywhere and working from home I decided now was the time to use this to my advantage! +Balances as of March 1st + +Cc1 - £900 balance +Cc2 - £600 balance +Cc3- £500 balance +Cc4- £500 balance + +Total available credit was £5k just that was the balances. + + + +Current balances off credit cards as of today. + +CC1- £300 +CC2-£150 +CC3-£300 +CC4- MOVED TO CC 5 and closed. This was because I had a 0% promotion available for 6 months. + +So as of today I have paid off £1250 of my credit cards which has saved me alot of headache! + +End of this month CC1 and CC2 will be paid off. + +Interest saved per month is currently £50! + +Once these have been paid off I will have £150 more in my pocket each month! + +Car will be paid off soon which means within the next 12 months I will have 0 debt! I will never fall into the credit builder trap again! +UPDATE: New AMA by BSCdaily: + +https://mobile.twitter.com/bsc_daily/status/1374710420699639816 + +Hi all, + +As I am really convinced of this project, I would like to share this opportunity I believe in and help others get into it (which will also help me, haha). I'm not here to launch a coordinated shill attack or to promise you'll be on the moon in two weeks, I just like to share an opportunity I found myself. + +To be honest: two weeks ago I decided to invest in BOG, so I do have a bit of a bias. I genuinely think this project has a lot of potential and despite I already went x2.5 I can't see myself selling in the coming months. I have been a bit in the Telegram, but left as I couldn't focus on my regular job anymore with addicting stuff like crypto Telegrams. + +Here's why I think it is a great opportunity: + +* Project started a few weeks ago, and already delivered the first features + * Charts - enables charts on Binance Smart Chain + * BOG RNG - enables RNG on Binance Smart Chain +* 2nd april will be the launch date of the third feature already + * This will be limit orders for BSC, where currency $BOG needs to be used to pay for fees +* After this feature, they will introduce stoploss orders on BSC per the roadmap. + * To add some colour to the value in this feature: + * You could buy whatever BSC memecoin you want (and there are enough of those). After purchase you could put in an stoploss order on the BOG website, which will automatically (without you being alert) sell your SAFEPIKACHU after the price drops to a predetermined amount. *This would prevent you from being pumped and dumped on.* + * Link: [https://bogtools.io/limit-orders/](https://bogtools.io/limit-orders/) +* Marketing hasn't started, but we already rose from below $1 to stabilizing on $6 despite the crypto blood bath of the past few days + * Link to Coinmarketcap graph: [https://coinmarketcap.com/currencies/bogged-finance/](https://coinmarketcap.com/currencies/bogged-finance/) +* Number of holders is gradually increasing (from 3000 1,5 week ago to 5000+ now) +* Great staking rewards (I already realized 30% of the BOG I staked as a return) +* Marketcap is **$14.5m** so really low, wouldn't be surprised if we surpass the $100m in the coming weeks as more features will be delivered (but no guarantee of course) + * This would be an x7 +* Marketing is about to start (I believe CryptosRUS will feature the project this week) +* BSC project so transaction fees won't cost you a kidney +* The name doesn't start with SAFE or an animal + +Buying is a bit of a hassle (and involved a custom token on pancakeswap), best explanation can be found on the website. On the other hand: this is a barrier that hopefully will be lifted the coming weeks and ensures that currently the project is only for early birds. + +[https://bogtools.io/token/how-to-buy/](https://bogtools.io/token/how-to-buy/) + +Happy to share, have a great day. +I see so much stuff on here from people who aren’t profitable or just flat out talking out of their ass and I think it’s necessary for someone to be honest and straight forward about Day Trading and what you should and shouldn’t be doing. This is going to be brutally honest and probably hurt some feeling but it needs to be said. I’ll try to keep this as simple as possible. + +1. Trading doesn’t give out participation trophies———people on here always saying it takes years and eventually you will figure it out. No. Keep trying you’ll get better. No. I’m still learning and it’s been 5 years and I just figured it out. No…. This is a serious career that requires constant focus, preparation, studying, screen time, discipline etc. if you are not going to basically devote your life to this craft it’s just not going to work. I’m sorry but that’s the reality. The Market I.E. other traders aren’t going to hand you money. Not going to happen. Just you showing up isn’t enough. + +2. No profitable trader is EVER going to give you their EXACT trading strategy—— there isn’t one mentor, YouTuber or whoever else out their willing or necessarily able to give their strategy. It’s just the facts. No one’s going to hand you money so stop looking and save your time. They may give you the generic strat they use such as supply and demand but their real strat may actually have 3 or 4 intricacies to supply and demand. + +3. If you lack discipline no matter what strategy you use you will never be good at trading bottom line—— plain and simple if you are impulsive and can’t follow your rules stop trading it’s not for you. You can’t win + + +4. People around you are going to doubt you when you start and hate you if you succeed—— this one sucks but it comes with the territory. You drive past the fork in the road that everyone takes and made your own path now you have to live with the repercussions from “regular” people that are not ambitious, judgmental, envious etc. If you don’t want to deal with this stop trading. + + +5. Don’t slowly scale once you have a great strategy that you proved works—— if you perfected your strategy size up quickly don’t waste time working your way up. Obviously do what you can within the means of your account but still no need in wasting time. + + +6. Desensitize yourself to money—— as you scale stop worrying about the dollar amount and focus on being correct. The money will workout itself if you do your job. Your job is to execute your strategy. + + +7. You can’t moonlight and trade (you can’t work another full time job and expect to be a great trader)—— 100% don’t quit your job but give yourself extra time to learn. Don’t quit your job until you can make a substantial living off of trading BUT understand being an expert trader is not going to come by it being a side job + +8. Most of you on here shouldn’t be trading let alone trading real money—— very few people on here will become successful traders so don’t be afraid to be honest with yourself. This isn’t for everyone. If you aren’t disciplined, focused solely on trading, gamble, or lack self control quit now please before you ruin your life. + +9. If you gamble on anything quit trading—— you can’t be addicted to pills and be a pharmacist it’s just not going to work. Give up trading or gambling but either way one has to go. They can’t coexist + + +I’m going to stop here but I have more in-depth points I might write later on. The stuff I said may sound cold and cynical but it’s a reality you have to accept. +A little bit of info: I’m 18, and have an ABN as a Sole Trader so that I can sell an app I develop as a hobby on the Apple App Store. In April this year I was paid about $300 by Apple. My app is not at all popular and Apple has a minimum payment threshold of $150 USD so I don’t expect to get paid again any time soon, probably not until the end of the year. Since I technically experienced a decline in revenue, I applied for JobKeeper, not really expecting it to work because I didn’t think I was eligible. However, yesterday I got paid $3000 from the ATO... + +Can I spend it? I do feel like, I don’t really deserve it, I’m not who it’s for, but hypothetically, is there any chance I’d have to pay it back? + +Update: Thanks for all your replies guys. I contacted the ATO, and paid the money back. I definitely did the wrong thing and honestly am not proud of it. +TL:DRS + +Behaviour rewarded is behaviour repeated, if you take away the reward you take away the repeated action, this is why they will push to remove purple circle posts. + +The current wave of posts about "dropping quality" are highly suspect and frankly bullshit, they are talking about the subs hitting numbers we have not seen since the first few months, meanwhile we have been steady at 15-25k users daily. + +Then even while I agree we need more, the shit ton of posts about "knights of new" this message I have been trying to spread for months all the sudden takes off after I would be downvoted for it before is highly suspect. + +Now we are starting to see the wave of "Purple circle spam" a highly hated topic that yet still somehow blasted past new and the OP getting downvoted in mass in the comments but lots of awards and upvotes. + +The purple circle spam message will only get more intense and they will start crying for it to be banned or pushed to a single day. +Reasons to tank the price: + +1.) They will actually need to start covering things soon. + + +2.) Create options FUD. "Don't buy options" crap. + + +3.) Friday is the last chance to kill the options chain. XRT will no longer be able to be shorted. + + + +People need to keep asking themselves over and over again these questions: + + +1.) Why would the price increase in the afterhours at the start $15 on a measly 2242 shares? + + +2.) Why was a half-assed news article released following it? + +3.)Could it be a FOMO rugpull or did Gamestop actually release news? + + + +My thoughts: 2242 shares in 1 minute increased the price $15 and they didn't fight it at all. They released fake news to confirm the price increase. I think we're going to see the FINAL rug pull tomorrow. Load the call option chain up and bury it into the ground so people can spend the weekend saying " I told you so." + +GAMESTOP STATED TO ONLY LISTEN TO THEM AT THE EARNINGS CALL. + + +Edit: Think long and hard if you want to invest into options on news _Not released by gamestop._ +Just woke up in the morning, found out my coin exit-scammed. I believed in the project, it wasn't a shitty dog-coin, it was a decentralized casino, which I thought was a novel idea. Today, the team announced they're ceasing operations, price's dropped 95%, can't even withdraw coins from the staking contract from the site, and I don't wanna even bother with it, cause it'd be a tiny amount. Apparently the devs didn't sell any coins, which I don't really believe. What's worse, I could've sold for a nice 2x profit, but I believed in the project and bought the dip. + +The warning signs were kind of there, the audit had some things that in hindsight, were kind of dodgy. Don't even know why I'm writing this, I can survive without the money, but it is a real freacking kick in the gut... + +Lesson 1. Don't go all in on microcaps (really shouldn't have done that). + +Lesson 2. Don't be an idiot. + +RIP my folio, won't have money to invest in crypto for a while. +It's something of a dream to own my own Starbucks, or just the building it's in, and there are a lot more than I thought out there to buy through an NNN lease but none of them seem to turn a profit when I run some numbers. + +For example: [This one here](https://www.crexi.com/properties/957322/louisiana-starbucks) + +Asking price is $1.78m, NOI is $97.5k, and taking a look at it shows I'd be paying roughly $10k a month, with half the total payment being interest. That far exceeds the NOI/year. + +I must be missing something. How would one go about actually acquiring this properly and using the rent to pay off the loan with at least some cash flow left over? +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. +* [**Dr. Susanne Trimbath AMA Transcription and Summary**](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/), with supporting materials (and memes) + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| + +# 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* +So I went into Verizon to open a new plan. After unboxing the phone and deciding on a plan I went to pay for my new plan and the salesmen charged my card the wrong amount. It became clear that the salesmen was either new or just didn’t know what he was doing. I asked for a refund and I decided not to open up the plan at all. I left the store without the phone and with two refund receipts. One refund receipt for the phone and one refund receipt for the plan that I never opened. This all took place in the course of an hour. I never opened the plan or left the store with the phone and I have now been sent to collections by Verizon for the cost of the first month of a phone plan I never opened up. I contacted the store and they said they can’t help me. They told me to call Verizon directly. I called Verizon directly and they said to call the store. What do I do? Please help +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**Join the Telegram for 24/7 support -** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew) + +**Ask the devs any questions you might have! - They do daily AMAs & 24/7 voice calls in the chat. \[They're on right now\] - One of the devs is a BSC marketing guru.** + +\--------------------- + +**I can't stress this enough -** The developers of this project have been without a doubt the most transparent, informative, and communicative team I've ever seen. They hold daily AMAs with the group, you can tell they genuinely care, and they have a solid plan for marketing unraveling. I highly highly highly encourage you + + +\--------------------- + +**BUY HERE! -** [**PancakeSwap**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +\--------------------- + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**🌮** [**Website Tacocat.life**](https://tacocat.life) + +**😺**[**Discord**](https://discord.gg/kwPG4edB) + +\--------------------- + +**Achievements in first 48 Hours** + +\--------------------- + +* **Listed on BogSwap &** [**Bogged.Finance**](https://bogged.finance/) +* **Approaching 5000 holders** +* **Marketcap of over $9 Million** +* **INSANE liquidy stabilized at 26%** +* **Successful fairLaunch - No presale so NO snake whales** + +**Why TacoCat and not SafeXYZ?** + +\--------------------- + +TacoCat's uniquely designed Taconomics, Diverse Marketing Team, and dedicated community backed by Bog are going to make this token something you don't want to miss out on + +\--------------------- + +**Taconomics? Like a Cat's 9 Lives there will be 9 % fees on Transaction** + + ***Sick of trading volatile coins?*** +🔒 This opportunity is for you, liquidity pool is locked for 6 months!! 🔒 +Whale dumps are also **highly difficult** with Tacocat! Max transactions capped at a small percentage of the coin, the 8% liquidity pool return encourages accumulation for holders, high reward! low risk! + +9% of *ALL* transactions redistributed just like a cats 9 lives! 😺 + +* 💲💲 8% returns to liquidity pool 💲💲 +* 1% of **EVERY** transaction goes back to holders! + +**IMPORTANT - Good Liquidity is imperative to stable growth and control. It prevents whales from being able to manipulate the price & promises a safer investment long term. - It currently back 20% of the market cap which is unheard of on BSC** + +\--------------------- + +Locked Liquidity + +**50% of Liquidity LOCKED for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +**Remaining 50% of Liquidity LOCKED for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +\--------------------- + +✅ TOKEN ADDRESS: 0xA8fcEe78B782eF97380326E90DF80D72f025f020 + +💵 Purchase on Pancake Swap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +♻️ 8% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 1% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🔮 Contract Address 🔮 [https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +👌🏻 Ownership Renounced 👌🏻 + +\--------------------- + +[**Buy PCS ( set slippage to 9)**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +[**Trade on Bogged.Finance**](https://bogged.finance/trade?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +[**Chart**](https://charts.bogged.finance/?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020) **📊** + +**Please DYOR and this is not Financial Advice** +Hey y'all + +So I've spent the last month or so looking for a new job. I am also in my late 20s with quite a few friends my age. Due to my age and due to my job search, I've noticed that a lot of roles nowadays seem to be contract-based (e.g. a 6 month or 9 month fixed term contract). Whereas, back in the day, roles seem to be much more permanent. + +Has anyone noticed the same and is this a healthy trend for companies/employees in the long term? I've turned down offers because they were only 6 months in length and I don't like the uncertainty. Banks also don't like the uncertainty so are more reluctant to loan you any money. Some contracts don't even pay you for sick days or leave. + +Is there any upside to contract based work? +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 have SDIV, WETF, BLOK, POTX, VWAGY AND GE. Any thoughts or suggestions would be helpful as I am new to dividend investing + +Edit/update: the GE is gone, added ARKF and bolstered POTX and SDIV, thanks for all the assistance so far +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi everyone! + +I’m on track to max out my Roth IRA for me and my wife as well as my 401k for the year. + +My wife has about 30K of student loan debt left at less than a 4% interest rate. Currently not accruing interest, but will on Jan 31st 2022. + +After maxing these out we only have about 7K currently in free floating non invested liquid funds. + +We have been doing a lot of side hustles to earn extra income. I just recently heard about investing in a SEP IRA, which I was considering beginning one of those. + +What is the best next path to take? +1) Sock more money away in liquid rainy day funds? +2) Pay off my wife’s debt? +3) Start investing in a SEP IRA. +4) Some other good investment option? + +For reference, with side hustles included, my annual salary is around $140-150K. + +Thanks! + +————————— Edit ———————— + +Thanks everyone for all the great responses! I didn’t expect this many! I really appreciate all the resources and links provided. I promise to do more research and look into all of them. + +In the meantime, you all have convinced me of the following… +1) Continue to max out my Roth IRA and my 401k for my wife and myself. +2) Now also max out my HSA each year! +3) Build up a 6 month rainy day fund, perhaps in a money market account or high yield savings. +4) The remainder of funds can be invested in a taxable brokerage account or my SEP IRA idea. + +Thanks again everyone! +I'm 27 with no 401k set up. I spent my early and mid-twenties experiencing severe suicidal ideation and never thought I'd see past 30. As you can imagine, it was very hard to put money into a retirement fund I was certain I would never use. Now the fog has cleared and I'm realizing I need to start planning for my future. + +I currently am in a contract job so I have no benefits including 401k matching. I'm living paycheck to paycheck so again, it's hard to put money aside. I'm already trying to put money aside to afford my taxes for next year when I file but that in itself is a very difficult thing to manage. I have only a few thousand in savings for emergencies. + +What advice do you have for me? Where should I start? + +Thanks in advance + +&#x200B; + +Edit: Just want to say thank you to all who responded. I appreciate the kind thoughts regarding my mental health. And I sincerely appreciate the advice about my financial status. It sounds like I need to look at the financial guide and also consider starting a ROTH IRA. Thank you thank you! +I for one think corn subsidies are one of the worst ideas in our country's history. They artificially lower the price of corn, making it economically feasible to produce things like high fructose corn syrup, which more evidence is coming out against. Corn farming has dumped untold amounts of harmful chemicals into the soil and more importantly the water systems, that has led to the Gulf of Mexico being dangerously polluted before BP blew up. In my opinion, all of these things greatly outweigh the benefits of cheap corn. The only argument I have heard for keeping the subsidies around is along the lines of: "It's American to grow corn and if you don't like farmers you don't like America". + +What does everyone else think on the matter? I'm pretty curious. + +Disclaimer: I live in a large corn producing state and part of my family relies on corn for a living. +I want to start investing, I am 25 years old working two jobs. I have 30k in savings, if you can provide me anything useful that would help me getting into investments I would be really thankful. + +Thank you +This will be my last ever discussion post on $trac. + +I posted another post a week or so ago. I noted x1000. I was called all sorts. I care not about that however thought I would post this report which was put out today by Alpha Sigma Captial. Their finding points towards everything I have been trying to raise awareness about. + +&#x200B; + +Report - [https://docsend.com/view/x6qp38zujgdyw86f](https://docsend.com/view/x6qp38zujgdyw86f) + +[https://twitter.com/AlphaSigmaFund/status/1362077490059956227](https://twitter.com/AlphaSigmaFund/status/1362077490059956227) + +&#x200B; + +Highlights - + +Target of 100,000 organisations to use $trac by end of 2023 + +E Price of $101 by then. + +At time of report creation $trac was 35 cents. They see this going in the same direction as I said. + +Current price 50 cents. + +This token will grow regardless of a bear market or no more listings. + +Guys this is mass adoption. + +The report doesn't even mention GS1 barcode evolution and Next generation Internet project which makes me feel their estimate is very conservative. + +&#x200B; + +This is my last post to raise awareness. + +&#x200B; + +I hope yous join the journey with us Tracers before nOS goes live and the adoption market buying commences. + +&#x200B; + +Remember this report does not take into many other factors that will also drive up the price up $trac , if you are interested you are welcome to join our community to discover. +Having just passed the huge millionaire net worth milestone I figured I'd share my journey to date, even though there's been several of these lately. Everyone's journey is unique. + +Simple Net Worth Graph [HERE.](https://imgur.com/EhkReY0) + +Stacked category Net Worth Graph [HERE.](https://imgur.com/OCDyLQd) + +(PERSI is the state public employees pension and 401k fund.) + +Spending per month since married in 2015 graph [HERE.](https://imgur.com/rrLH95T) + +&#x200B; + +2007 + +I graduate from college at 22 years old with a civil engineering degree with $23k in student loans, and get a dream job working for a local government in a small town with wilderness around in idaho. I'm so lucky to have landed a stable job prior to 2008 crash, and that really set me up on a successful trajectory (Lucky Life Event #1). I start investing a lot of money into my 401k right away, knowing that I want to retire a millionaire at an early age and understanding the power of compound interest. + +2008 + +I get married. We mostly kept our finances separate because she was still in school 3 hours away, so there's no changes reflected in my graphs because of this. + +2009 + +Wife finished school and moves up to be with me, working odd jobs. Having saved up for a down payment on some empty property, and with the market prices at rock bottom, we take advantage of the first time home buyers tax credit ($8k the following year) to get 5 acres of forest for $35k and develop it into a livable parcel with a used single-wide manufactured home, the idea being that we can live in that while we work towards building a real house on the property. Total spent around $110,000 for property, manufactured home, utilities, driveway, permits, etc. + +2010 + +My wife leaves in December suddenly after an incident and moves in with a family friend in another state. Mental illness playing a big role in her leaving. The details don't matter in the realm of this discussion but I'm emotionally and mentally devastated. + +2011 + +Worst year of my life, trying to support a mentally struggling wife who is not living with me, she attempts suicide, cheats repeatedly, ends up in mental hospital, etc. + +I get cut back to part time employment because of changing political priorities and reduce my retirement savings down to minimums to continue making debt payments and never default. I get a roommate to help make ends meet. My food budget was $1 per meal. My dog gets hit by a car and killed. My other dog disappears into the woods and never returns. My old self-restored sports car, which is my biggest passion, is the victim of a hit and run and totalled. I hit a deer on my motorcycle and crash and it's totalled. The hits just keep on coming. Through all of this, I just keep telling myself that you can't keep a good dog down, and that I will overcome and come through this, and I do. The one good thing to come out of the year was that I passed my Professional Engineer exam and was now a PE instead of an EIT (engineer in training). No raise given, on account of them cutting me to part time instead. D'oh! + +2012 + +I find a new job, in the same city, doing roughly the same thing (civil engineering for local government), for the same money I was making before being cut to part time. I finalize a divorce and keep the house that I've been making all the payments on the entire time. I don't go back to full on retirement savings, because I have some catching up to do on other necessities. + +2013 + +Meet a new girl and start dating. She doesnt want kids, which opens me up to the DINK possibility for the first time in my life, which I'd never really considered prior to this. I just expected that every girl wanted kids and had never really asked myself if I did. Turns out, no, I didn't really want kids and I recognized all the signs once I looked for them. + +I Realize that my pickup truck is worth what I still owe on my student loans, and decide to sell the truck and payoff my loans in a lump sum. Go back to saving a lot towards retirement. + +2014 + +Get engaged. Buy a house together a couple months before our wedding for $160k with a huge gift of $30k from her parents to use as a down payment. Her parents had received $60k from their parents in 1980ish to buy their first home, and they wanted to pay it forward by giving $30k to each of their 2 kids buying their first homes. This very generous gift was another huge lucky perk (#2) that helped us get a jump start, and I recognize how rare and valuable that gift was. Without it, we'd just be staying in my current place. Instead, I now sell my manufactured home and the 5 acres it sits on for $116k, getting about $40k of equity out of it. Get myself a new sports car, Subaru STI, largely financed... :/ + +2015 + +Get married (small vertical jump on the net worth graph through combining the finances at this point). She also worked for a public entity and has pension and 401k through the same system as me, but has not been focused on accumulating wealth and so brings very little net worth into the marriage, but is very frugal and excited to start the FIRE journey with me. She's making $25k/year gross and I'm at $55k still. We go to Thailand for our honeymoon (the first big spending spike on our spending graph). +But life also throws challenges at you too, and I end up charged with 3 felonies when caught up in an altercation with some road raging rednecks. A judge ultimately dismisses the charges against me, but we spent $15k on lawyer fees and related expenses (2nd big spending spike on our graph). Thankfully, most of the $40k in equity I had from selling my last home was still available (Lucky perk #3). Without having money available to fight the injustice, this could have drastically altered our lives, with me going to prison and losing my career. So thankful that I hadn't actually done what accused of, and had the money to fight it. This event really opened my eyes to how awful the justice system is against the poor. They don't stand a chance at fighting or recovering from something like this. + +2016 + +Thankfully, just a normal year. Phew! + +2017 + +Get the first real raise of my career up to $67k after nearly a decade of static wages and put all of it towards retirement savings. Surprise wife with self drive safari trip to Africa as a birthday present (already saved cash for that, not because of the raise). It was about this time that I learned about the FIRE movement, even though I'd been living many of the principles on my own. + +2018 + +Vacation to Vietnam. Get another raise when I demonstrate to a new boss that I'm still woefully behind the market pay for civil engineers in government roles and put all of it towards retirement savings. + +2019 + +Wife decides she wants to pursue a career change into working with data and enrolls in an online degree program. We cash flow tuition this time by reducing spending and slightly reducing retirement savings. She also switches employers (still public entity) and get a small bump in pay. Sports car is paid off finally. Now debt free except for mortgage. + +2020 + +Ugh, school sucks. Can't wait for this to be over and get my wife back. Just in the boring middle as far as finances go. + +2021 + +We decide to go gangbusters on the remaining $40k owed on our mortgage with the goal of paying off the house by Christmas to be totally debt free and secure in a paid off home. As of today, we owe $9k on the mortgage still, on track to accomplish that goal. The house value in this crazy hot real estate market in our area has risen from the $160k that we bought it for 7 years ago to $420k+ according to Redfin and $580k according to Zillow. (I'm using Redfin in these numbers). My wife finished school. Hooray! She also gets promoted with at her current employer for a $10k/year bump (not school related), and I get another raise as well when I demonstrate to my boss yet again that my wages are falling behind the market, bringing our household income to $123k, up from $89k in 2018. Most of the raise money goes toward retirement savings, with some going towards our mortgage gangbuster payments. Wife searching for a new entry level job to get her started in a data related career and capitalize on that new 2nd bachelors degree. + +As of September 2021, we finally crossed the million dollar net worth line that we've been skyrocketing towards, with $538k invested in various tax advantaged retirement accounts, including the value of our pension fund, which is considerable. A few years ago I didn't expect to cross this line until around 44 years old based on my projections, but the crazy market growth has accelerated that timeline, as many of you have experienced yourselves. + +&#x200B; + +Near term plans: pay off the house and use the freed up income to catch up on some deferred home maintenance, start replacing some vehicles, taking vacations again. After a few years of that, dumping most of what was going towards the mortgage towards retirement savings. + +&#x200B; + +Long term plans: Retire around 50 years old. Our FIRE number is $1.6M. At the very worst case scenario, I'll hit my rule of 90 at 56 years old and be able to start drawing a full pension at that time. I expect we'd be FAT FIRE if we worked until then, but there are never any market guarantees. + +&#x200B; + +I hope that helps to inspire someone in their own journey. There are ups and downs, luck and bad luck. Keep moving forward! It often feels so slow in the day to day growth but when you look back a few years at how far you've come, it's truly amazing! +I have combined top strategies into a rule based mechanism which I have been learning since 4 years, it’s year 4 and I have become consistently profitable I am overwhelmed with my win rate and worried that this tweak to my strategy will one day stop working. Do all edges die Down ? +Tldr - this sub’s standard answer as to investment horizon for future house purchase is overly cautious as it fails to take into account the risk tolerance of the investor, the risk associated with undeployed capital, and the flexibility of most investors’ time horizon to purchase a house if a devastating market event occurs. + +I see the question “I plan to buy a house in x years should I invest in Y etf” at least once a day in this sub. + +Invariably, the comments go something along the lines of “you shouldn’t invest money in an etf with an investment horizon of less than 5 years.” Some people say 5-7 years, but I have even seen people say 10 years! + +Clearly, almost nobody will be hoping to buy their first house in 10 years time, that’s a long time to be saving for a house deposit especially if you are, or want to be, financially switched on (and thus you came to this sub for answers). So the common advice on this sub ends up being “no, don’t invest your house deposit, which you plan on using in (for example) 5 years, because the recommended investment horizon is 5-7 years and that’s too risky.” + +I disagree with the thinking (or lack thereof) behind these comments, for three main reasons. First (and this may be subjective and personal), it fails to take into account the risk appetite of the investor. I personally would be comfortable investing with a time horizon of 3+ years knowing full well that I may lose money. I don’t see the market as guaranteed returns for doing nothing, I see it as an opportunity to make money from taking on (calculated) risk and deploying capital effectively. My personal risk tolerance is absolutely irrelevant for what anybody else should do, but it highlights that the standard advice isn’t applicable to everybody and if you have a higher risk tolerance (as most young people should relative to the population), you might want to invest your house deposit over a 3, 4 or 5 year horizon despite the possibility of losing money. + +The second reason is that it fails to take into account the opportunity cost of not investing for (eg) 5 years. Every day that your money is sitting in a low interest HISA making 1%, house prices are getting further and further away from you. While past performance isn’t a predictor of future performance, equities tend to outperform property (albeit most people are leveraged, so gains may be higher here overall) which outperforms fixed interest, which outperforms cash. You may find that house prices are 30% higher when you look to buy a house than when you started saving. If your money is sitting in a HISA, you’re taking on risk as well (you just don’t know it). + +Finally, and the main point of this post/rant, is that investment horizons for house purchases are very rarely fixed. When somebody says “I am looking to buy in 5 years”, they aren’t saying they will buy on 2 January 2026 no matter what their circumstances are on that date, that is just when they think they will have scraped a deposit together and will be in a position to buy. If that person invested, and then GFC 2.0 happened and they had lost some capital, there is nothing preventing them from keeping their money invested and pushing their purchase back. The reason that the 5-7 year timeline is used is to account for these rare, but devastating, market events that can wipe out years of investment gains and leave you worse off than when you started. But if you have the flexibility to push your purchase back if such an event occurs, there is less risk of losing capital. Add in the fact that if such an event doesn’t occur, you are printing money, then the case for a more aggressive investment strategy becomes even stronger. +So for the first time, I have chartered a small private plane. Those of you who do this regularly, do you tip a pilot? It seems weird based on the price I'm paying, but OTOH it seems weird not to for such personal service. +I'm a 30 year old scientist who previously posted on here. You all helped me out a lot, thank you again. + +One thing I still have an issue with is that I still push myself to work hard at work when all I want is to be FI and quit. Does anyone else have this problem? I work as a scientist in industry and there are always projects about that I can jump on to help out and I always seem to jump on too many things and feel burned out. I have no idea why I do this to myself. I have other interests outside work but then feel too burned out to work on them and hate myself. + +Any help? Any book recommendations? + +Edit: You all have done it again. This is an amazing community. Thank you for all of the insight. It is very helpful. +Hi Everyone, + +I've been dipping in and out of this subreddit for a while now and to be honest I've been quite critical. I feel there is a lot of miss-information flowing between new traders and not a lot of direction that will actually help people trade. This is my attempt at offering something back. + +# Scalping & Why You Should Care + +Every trade starts as a scalp. You're looking for a good entry and you want the market to move on side as quickly as possible. Regardless of what trading you want to do, you should learn to scalp. + +Scalping is the art of reading the order flow and identifying short term momentum. It's not 1 tick 100 trades a day. Unless you're a bot or a massive player, you're expecting to make 2 - 8 ticks (more in illiquid markets) and you're absolutely not setting a designated profit & loss taker. + +# What Moves The Market + +Size. For the most part, it's big players throwing a lot of money in one direction that moves the market. Their action at 1 price point might dictate the direction of the market for the next hour. More often than not, it dictates the direction until they hit someone else big who pushes it back the other way. Retail traders are just following the wave created by the big players. That is the essential part of scalping. + +Have you ever wondered why the market can move so sharply in one direction for an hour and yet still close the day only a few points off where it started? That's a large player selling the market down and then maybe even the same player buying it all the way back up again. You can't predict that in a swing trade. You didn't know that player was going to turn up that day to do that. This is why scalping is an effective way of trading, because I don't care who turns up or what they do as they do something to move the market for me. + +# How Do You See Big Players? + +Order flow is the only way you're going to trade this effectively. I know many of you like to use charts, but you cannot do this effectively with them. Let me show you why. + +Below is a trade I took today in the treasuries. On the left is ZN and the right ZB. I also have ZF off to the left, but wanted to cut down the size of the screenshot. + +If you've never seen a DOM, this will look confusing. I suggest going and watching a video from John Grady on the DOM, I can't explain it better than he can. Here is an example: [https://www.youtube.com/watch?v=viBGTEGFF1k&t=238s](https://www.youtube.com/watch?v=viBGTEGFF1k&t=238s) + +The screenshot below shows you what you can't see in charts. In real time, I can see a big player finally crushing through the edge of the volume profile after 40 minutes of teasing with it. If you entered earlier, you got wiped out when the market drove up. If you were watching the order flow, you knew that was likely to happen because you could see sellers fatiguing on the edge of the profile and they needed a retracement before going back through it. + +This screenshot is the essence of scalping. I don't make the trade decision, the big guy did. All I did was decide to join him for the ride. + +&#x200B; + +https://preview.redd.it/qy2k0pfu5aw51.png?width=1214&format=png&auto=webp&s=de06b04e484d67824d0b8a231658805512d0dc85 + +The market dropped 11 ticks very quickly from this point. That's $30 per tick. I didn't grab all of that, but I got a decent pay out. + +To exit my trade I looked for the opposite conditions that lead me to join it in the first place. A big buyer stepping up to slow and halt the market fall. In this case I actually got out a bit early, but the beauty of scalping is that I can keep jumping in and out as long as I've got momentum. + +You won't see that big buyer in your chart, because you won't see the 5k contracts printing in at 1 price point where they've dug their heels in. By the time you've made the decision from your chart, the market has already moved against you. + +If this trade hadn't pushed any lower, I would have exited immediately. I might have taken a 1 tick loss. That means I would have been risking 1 tick to make upwards of 11. + +# Closing thoughts + +In my opinion, I don't believe TA really works. I don't believe it works because of what I see when I trade in the DOM and I know TA isn't showing that. + +I do believe that some people have a natural gift with charts and they're essentially reading this price action through the bar jumping up and down. I'm sure it can be done, but I also believe it's a lot easier to just view the data in the DOM in the first place. + +There are no indicators for what I've shown you in that screenshot. Even if there was, by the time you've checked 3 indicators you've missed that move. Jumping on that move after it's gone is dangerous. That market may have only dropped 3 ticks and rallied right up against you. + +Finally, if you open a trade and it doesn't start moving your way, you didn't get the right entry. You can't get it every time and that's why we scratch trades. It doesn't have to move instantly with you, but if you can't see momentum going your way then scratch for a commission cost and move on. Wait for that big player. + +I didn't make money until I forced myself to only trade when I see size on that DOM. That size only really appears during the open hours as well, so now I only trade the open 2 hours. + +If you got this far down, thanks for reading. I hope it helped. + Here are the courses: + +Investment Banking and Stock Valuation + +Excel for Finance + +Financial Accounting + +Financial Statements Analysis + +Working Capital Management + +Finance 101 + +Capital Budgeting + +The links in the first comment +First, I am nonpartisan, and politically neutral + + +For those interested in the GameStop short squeeze; these are my thoughts. + + +I have been trading stocks for 20 years, a lot over the last six.  The stock market is unfair, and designed so the rich keep money; not make, or invest, simply keep.  Hedgefunds hold the money for the Uber rich; they move money around rather than add value or produce. Their goal is to stay rich at any cost. The unfair rules make it so you can't even invest in a good company because they can lend your stock, even "sell" your stock without you knowing.  They will scare you, encourage you, push the price to where they want to sell or buy.  This is what GameStop is about.  + + +In 2014, former president Bill Clinton was paid $250,000 by Citadel to speak at New York restaurant Daniel to investors and employees in celebration of the Citadel's founders' 46th birthday. Citadel has paid over $800,000 in speaking fees to current secretary of the treasury Janet Yellen.  Before the left gets angry; Trump is an asshole, but they all are rich. + + +2018, Bloomberg reported that 40% of Robinhood's revenues (a trading platform for the small investor) were derived from selling customer orders to firms such as Citadel Securities. Citadel Securities was fined $700,000 by FINRA in July 2020 for trading ahead of customer orders. + + +Hedge fund Melvin Capital reportedly lost $4.5 billion in assets value in January 2021 – a 53 percent drop – after its massive bet that GameStop's stock price will fall turned sour, the Financial Times reported Sunday. + + +After these losses; Citadel LLC and Point72 Asset Management invested $2.75 billion in hedge fund Melvin Capital Management on January 25th, 2020. + + +Without warning, on January 28th, Robinhood restricted all their users from buying GameStop.  The stock plummeted from 470$ to 132$, saving Citadel and Melvin Capital billions, at the expense of the thousands of Robinhood investors. + + +After these events, Jimmy Kimmel suggests Russian disruptors. CNN and CNBC call it a pump and dump.  Saying little about the hedgefunds that had a 250% short position on companies that hire people during a pandemic. + + +Almost 40% of all US currency has been printed in the last 12 months.  Billionaires fortunes have increased almost 40% in the last 12 months.  Wallstreet bets is about a broken system.  Poverty doesn't care about skin color, nationality, political affiliations.  The system is broken but people are too focused on things that don't matter. + + +You can't sell a house you don't own; + +You can't sell a car you don't own; + +You can sell a stock you don't own... If you are privileged enough.  Only a select few get access to that information. + + +Those who laid down their retirement funds, college savings, hard earned, not inherited money did it for meaningful change.  They won! --- until the banks cheated with no accountability.  The media and politicians don't cover it and until these discussions happen; tribalism, intolerance from the left, and facism from the right will grow. +Im pretty new to dividends stocks and not sure what exactly to look for when looking at a company. what should I be looking for in maybe a companies financial sheets or earning? currently I am holding SDIV, EARN, GYLD, PFFA, SPG, T, PBCT, SPHD, BAC, SCHW, and WFC. would like advice on my dividend stocks that I am holding onto and recommendation of good dividend stocks to hold on to for very long time especially and ETF or REIT ones. I understand my portfolio is bad like I said im new to dividends. +Was just commenting on another post and thought I’d make it it’s own post + +I see people regularly recommend cancelling things like Netflix/Prime etc but havent seen anyone recommend cancelling your TV licence - you may not need it yet continue to pay the £12-13 a month just because you assume you “have to” + +If you only watch non-BBC streaming or catch-up services, you don’t need a TV licence + +You only need one if you watch live streamed tv (eg normal terrestrial tv (any channel) as a show airs the first time) or if you watch iPlayer (owned by the BBC obvs) - other catch-up providers like ITV/channel 4, don’t require a licence + +https://www.tvlicensing.co.uk/check-if-you-need-one + +Obviously if you should have one, pay it but if you don’t need it, save yourself the money - it’s as simple as filling out a small form to say you don’t need one and then about once a year they’ll write to you to confirm you still don’t need one + +Edit: someone mentioned you need a licence to “view or record” live tv which is true so adding in. Doesn’t matter that you watch it later when it’s no longer live. Pay per view too apparently + +Edit 2: few people have said it so adding in here... if you just watch something like Prime/YouTube, you DONT need a licence UNLESS you watch something that���s live streamed (eg a boxing match that’s happening now) on that platform - in this case, you would need one. It’s the live streaming that’s important, not the device or platform (except iPlayer, you always need one for that) + +Edit 2.1 couple of people have said this only applies to UK based live streamed content eg if you watch a live broadcast of a US based boxing match on Prime, you wouldn’t need to have a licence. I’m deffo not an expert and have no clue but adding anyway for clarity/ref. If this applies to you (I don’t watch sport), look into it yourself to be safe + +Edit 3: adding some more links for ref + +https://www.gov.uk/tv-licence + +Communications Act 2003 +https://www.legislation.gov.uk/ukpga/2003/21/part/4 +This is a little philosophical, I know. But I always see posts on here where people are making $5k, $7k, $10k per month and are asking how to budget and wondering where their money is going. It's mind blowing that people can spend that much money. There was a time in my life, not too long ago, that me, my wife and 2 kids were living on $1,400/month and I was working my ass off for it. One day, I realized we had $0 on the bank when we overdrew and that's when being poor really hit me. After years of hard work, I'm breaking out of retail and heading in a self-employed direction and our financial prospects are looking up and now we are finally financially comfortable. + +It's just brought me to a realization that being so poor for so long taught me a lot about managing money and how to use it properly. I view money much differently now and budgeting is no longer intimidating or scary. + +Kanye had right "Having money ain't everything, but not having it is." Learning from being poor taught me so much about financial responsibility. In 2015 I made 3x more than in 2014 and we have a year's worth of expenses in the bank. We avoided lifestyle inflation and I've become a master budgeter. It feels great and I could've never done if I hadn't of been poor and learned from that. + +Just wanted to share. +This may seem obvious but it wasn't to me. When I first heard about FIRE, I was miserable in my job. Being at the office 80-100 hours per week consistently, alongside miserable people and impossible expectations, with no social life (the kind of job where something on the calendar for six months could require cancelation an hour before- friends and family love that). I was paid well, relatively, but it so wasn't worth it. It was really only my student loans and fear that kept me from quitting every day. FIRE seemed like this escape hatch from a lifetime of misery. + +But I was 20-something and entry level. Now I'm 30-something and not- still in the same industry, and while I don't pretend this is the case for every job, my job couldn't be more different. Never more than 45 hours per week- but normally 30-40 (and at full time salary). I have autonomy and flexibility, I have more vacation days (30!), I can work from home whenever I want, I can focus on the tasks I enjoy, both because I've developed a specialty, and because a lot of the entry level drudgery disappears when you're no longer entry level. I also am paid a lot more (and incredibly more per hour) than I was as an entry level employee. I will hit a million in 2022 unless the markets implode. And that still matters, especially psychologically, because things could absolutely change and safety nets make big jumps possible. But there isn't the same urgency. I enjoy my job. There's a satisfaction in doing something well, and being paid and appreciated for it- satisfaction I couldn't have imagined when I first started working and I was weighing my kid's feverless cough and general malaise against the fact I had no more sick days, and sent him to daycare, both of us miserable and me guilt-ridden. + +Zero regrets about FIRE, but I strongly, strongly believe that if so many entry level jobs weren't so miserable from basically every angle, there'd be a lot fewer people clinging to it as some sort of last hope. Aiming for FIRE and getting FI with no desire to RE (for now) is the best of all possible worlds to me. The beauty is that once you reach that point, it becomes a choice. Your choice. Just don't assume at 25 that you'll be facing the exact same choice at 35. The calculus may have all changed. And that may be beautiful. +I see a few posts here and there on this sub about how crashes don't matter and instead you will just invest more for discounted prices. I'd strongly recommend watching [this video](https://m.youtube.com/watch?v=oHbYitWqmho), the newscast on the day that the 2009 recession hit the lowest point. About a minute into the video, they mention "we don't even see signs of the rate of descent decreasing", which is my point - it's impossible to know when the bottom is hit. Combine that with loss of jobs for potentially you and your family, and I guarantee in that position your first instinct is not to be buying into what you perceive as possible more descent. +Hi everyone, + +Some latest events in the global nuclear and uranium sector: + +**1) The Uranium demand side** + +a) Japan wants to build new reactors + +b) Japan wants to accelerate the restarts of existing nuclear reactors (September 14, 2022): [https://oilprice.com/Alternative-Energy/Nuclear-Power/Japan-Plans-To-Restart-Seven-Nuclear-Reactors-By-Summer-2023.html](https://oilprice.com/Alternative-Energy/Nuclear-Power/Japan-Plans-To-Restart-Seven-Nuclear-Reactors-By-Summer-2023.html) + +=> this will increase uranium consumption in 2022/2023 + +c) UK September 29, 2022: EDF wants to extend life of UK nuclear reactors: [https://www.energylivenews.com/2022/09/29/edf-unveils-ambition-to-extend-life-of-uk-nuclear-power-stations/](https://www.energylivenews.com/2022/09/29/edf-unveils-ambition-to-extend-life-of-uk-nuclear-power-stations/) + +=> this would increase uranium demand early 2023 + +d) Canada September 29, 2022: [https://canadatoday.news/qc/ontario-aims-to-extend-pickering-nuclear-power-plant-to-2026-eyes-renovation-sources-34280/](https://canadatoday.news/qc/ontario-aims-to-extend-pickering-nuclear-power-plant-to-2026-eyes-renovation-sources-34280/) + +=> this would increase uranium demand in 2024 and beyond + +e) California, US, September 9, 2022: [https://www.enr.com/articles/54753-california-extends-diablo-canyon-nuclear-plant-operations-until-2030-to-boost-grid-reliability](https://www.enr.com/articles/54753-california-extends-diablo-canyon-nuclear-plant-operations-until-2030-to-boost-grid-reliability) + +=> this will increase uranium demand end2023/2024 + +f) Michigan, US, September 13, 2022: Palisada plant may reopen in Michigan: [https://thehill.com/opinion/energy-environment/3638765-a-big-win-for-nuclear-palisades-plant-may-reopen-in-michigan/](https://thehill.com/opinion/energy-environment/3638765-a-big-win-for-nuclear-palisades-plant-may-reopen-in-michigan/) + +=> this would increase uranium demand in 2023. + +g) Georgia, US, September 1, 2022: Southern Company has notified the US Nuclear Regulatory Commission (NRC) of its intent to apply for a 20-year extension to the operating licences of both units at the Edwin I Hatch nuclear power plant in Georgia. + +=> this would increase uranium demand in \~2031. + +h) Belgium August 31, 2022: Belgium nears a deal with Engie on the licence extension of 2 1000MW reactors that were scheduled for closure in 2025 [https://www.montelnews.com/news/1347150/belgium-nears-deal-with-engie-on-reactor-lifetime-extensions](https://www.montelnews.com/news/1347150/belgium-nears-deal-with-engie-on-reactor-lifetime-extensions) + +=> this will increase uranium demand in 2023 + + i) South Korea (August 2022): the *10th Basic Plan for Electricity Supply and Demand* calls for 201.7 TWh of electricity to be generated with nuclear power by 2030, which will account for 32.8% of the country's total generation. The previous version of the mid-term plan, released in October 2021, put nuclear's share at 25% in 2030. The actual figure for 2021 was 27.4%, according to MOTIE. + +This increase in nuclear's share reflects the start up of six new reactors between now and 2033 (Shin Hanul units 1-4 and Shin Kori units 5 and 6) as well as the continued operation of 12 existing reactors. Nuclear generating capacity is expected to increase from 24.7 GW in 2022 to 28.9 GW in 2030 and to 31.7 GW in 2036. In April 2022 the Yoon administration said it planned to seek a 10-year licence extension to unit 2 of the Kori nuclear plant. The unit is currently licensed to operate until 2023. + +j) USA, September 26, 2022: Converting Coal power plants to Nuclear Gains Steam. A US Department of Energy report identifies over 300 coal plants that could be swapped over. [https://spectrum.ieee.org/nuclear-power-plant](https://spectrum.ieee.org/nuclear-power-plant) + +=> **This would double the annual uranium demand from USA!!!** And a massive build out starting \~2030 would mean that the needed uranium for this will need to be signed in contracts with uranium producers around 2025!!! + +k) Germany will probably extend the operations of 2 nuclear reactors. And if they extend the operations for several years => this will increase uranium demand in 2022/2023 + +l) Mexico extends the operational licence of their 2 reactors (September 21, 2022): [https://www.reutersevents.com/nuclear/mexicos-laguna-verde-license-extended-oklo-files-project-plan-nrc](https://www.reutersevents.com/nuclear/mexicos-laguna-verde-license-extended-oklo-files-project-plan-nrc) + +=> this will increase uranium demand in 2022/2023 + + m) Argentina (July 2022): Argentina is preparing to refurbish Atucha I, the first nuclear power reactor in South America, so that it may generate power for a further 20 years. A framework to regulate the work has been agreed**.** The company said the reactor would come back online in 2026. + +=> this will increase uranium demand in 2024 + +n) China is massively building new reactors: "China had 53 nuclear plants at the end of 2021 with a total generating capacity of 55GW. The country plans to expand this to 70GW by 2025 and up to 150GW by 2030, at which point it is likely to become the world’s largest generator of nuclear energy, ahead of the US and France." (September 27, 2022) + +=> **China today consumes \~28 Mlbs of uranium in 2022, that's 20% of global uranium production (\~135MLbs in 2022). Based on the uranium needs for reloads and the uranium needed for first cores of new chinese reactors, the total uranium demand of China will be \~50Mlb in 2025 (for 2027 consumption) and 110Mlb in 2033 (for 2035 consumption)!!!** + +But India, Turkey, Egypt, ... are also building new reactors that also need a 1ste core and than 40-80y of core reloads! + +0) **add to all the above, the shift from underfeeding to overfeeding creating an additional ANNUAL global uranium deficit of \~50,000,000lb uranium that will hit the uranium sector in 2H2022/2023** + +&#x200B; + +**2) The supply side** + +**In 2022 the global uranium production will only reach 135Mlbs.** And only with a significant higher uranium price in Q42022 than today, the uranium sector could maybe reach 155Mlbs global production in 2023. + +But the annual demand in 2022 is \~200Mlbs (primary demand + first impact of overfeeding in 2022) which reduces operational inventories of producers, convertors and end-users (utilities). + +Those operational inventories are now at a critical low level according to UxC (presentation in 1H2022), meaning that there isn't any room anymore to reduce operational inventories further. So now utilities effectively need to find an additional \~75Mlbs in the market!! But where exactly?? + +Today the uranium spotprice is \~48.25USD/lb, while the uranium sector needs 80USD/lb to increase production to be able to get global uranium supply and demand in equilibrium again a couple years after reaching those 80 USD/lb. + +Now comes the time that this will be translated in much higher upward pressure in the uranium spotmarket. + +And because the natural uranium cost only represents \~5% of total production cost of electricity from a nuclear reactor, utilities will not mind to buy uranium above 100 USD/lb if needed, because the cost of shutting the reactor down due to fuel shortage will cost so much more for the utility. + +**Conclusion:** The uranium price is about to increase significantly + +**This isn't financial advice. Please do your own DD before investing.** + + + +If interested: + +a) **Sprott Physical Uranium Trust** (U.UN on the TSX and SRUUF on US stock exchange) is an investment in physica uranium (no uranium on paper!) without being exposed to the mining risks + +U.UN share price at 16.00 CAD/share represents an uranium price of \~47.00USD/lb. + +17.00 CAD/share represents an uranium price of \~49USD/lb. + +18.50 CAD/sh would represent an uranium price of only \~54USD/lb. + +21.50 CAD/sh would represent an uranium price of only \~63USD/lb. + +25.00 CAD/sh would represent an uranium price of only \~73USD/lb. + +While the uranium sector needs 80USD/lb to increase production to be able to get global uranium supply and demand in equilibrium again a couple years after reaching those 80 USD/lb. + +&#x200B; + +[source: John Quakes](https://preview.redd.it/izr1c02bjer91.png?width=736&format=png&auto=webp&s=0eedd0229376287af1504fa550baa23ae602187d) + +b) **Yellow Cake** (YCA on London stock exchange) is also an investment in physica uranium without being exposed to the mining risks + +c) **Sprott Uranium Miners** etf (URNM etf): well diversified 100% uranium sector etf + +https://preview.redd.it/3mvqrqvxjer91.png?width=1166&format=png&auto=webp&s=0db079c8dc8d6cd49df312b5ac147032d8330f00 + +d) **Horizons Global Uranium index** etf (HURA etf on TSX): well diversified 100% uranium sector etf + +&#x200B; + +**This isn't financial advice. Please do your own DD before investing.** + +Cheers +Not sure if this is the right forum for this. We just got an AMC statement for a demat account created in 2008 and not used since creation, no SMS or email or physical bill ever received in the last 13 years of the account's existence. And now they are asking us to pay 7K for this. + +Is there something that can be done? This does not seem correct especially when we have not used it and no bill communication has been made in the past. We simply forgot that such an account exists and assumed that it has either been cancelled or made inactive. + +What should we do here? Spoke to the intermediary through which they demat was opened and they said amount has to be paid to close the account. Should we write to SEBI? I understand the same has happened to many many other on account of NSDL asking to verify KYC of accounts. + +Thank and regards, Artemis. +Nifty pe has gone above 30. What are the views of folks here on this? Are we in for a correction? https://twitter.com/SumitResearch/status/1288388493832417280?s=19 +In the UK there is a debate as to whether the VAT tax of 5% (applicable to sanitary products) should be abolished, as it is seen as an unfair tax on women. Necessities are not taxed, but luxuries (under which tampons come) are. + +Would the retail price paid by consumers actually change much on such an inelastic good? I’m assuming that retailers just employ a demand based pricing model for such goods, rather than cost plus pricing model. + +What would the effect of this policy in terms of intended and unintended consequence? +A key Texas bridge lost $1 billion per week during governor's slowdown [https://www.npr.org/2022/04/20/1093729789/texas-border-bridge-order-cost-billions](https://www.npr.org/2022/04/20/1093729789/texas-border-bridge-order-cost-billions) +Ref: https://www.barrons.com/articles/grayscale-bitcoin-trust-fund-etf-price-51637689328 + +With $37 billion in assets, the Grayscale trust GBTC is the world’s largest Bitcoin fund. It towers over every other fund on the market. Investors have flooded into the Grayscale trust because it owns Bitcoin directly. Its largest holder is Ark Invest, the fund shop run by Cathie Wood, which has invested $375 million in the trust, including assets held in its Ark Next Generation ETF (ARKW). + +Shares of the trust, which trade over the counter, are up 42% this year versus a 95% gain for Bitcoin, through Oct. 29. + +“Investors that crowded into GBTC, buying at a premium, really got burned,” says Morningstar analyst Bobby Blue. + +Yet, GBTC management made a killing! +My mortgage is currently $2000 a month and similar properties are renting for around $2400 a month. With HOA, I stand to net around $300 a month on my property. + +I know profits are going to vary for every property but as a first time “land lord”, I’m trying to understand if this is sufficient. I know a management company would further eat away at those profits but it might be required if I move out of state. + +Would you guys go in on a property if it only netted you $300 a month? Is the pain with the little margins ? +Recently, I built a "Dividend Growth" portfolio comprising only of Stocks (no etfs) in my IRA account. + +I have invested about $105K that's giving me $3100 annual income. My focus is on Dividend Growth, not necessarily current yield. + +My goal is to increase income to $12k per year in 10 years with just capital gains and DRIP. + +[Portfolio Snapshot](https://preview.redd.it/yggnlu30x2l91.png?width=1065&format=png&auto=webp&s=82fe77c1765983a7f09cc379f36fe0a1361b8151) + +My Top 10 Income Producers + +https://preview.redd.it/a5xuuqoix2l91.png?width=301&format=png&auto=webp&s=9e4438ab85dd12c2fb0700b5a6ce841ae234ccba + +Expected Income + +&#x200B; + +https://preview.redd.it/nnutfelux2l91.png?width=683&format=png&auto=webp&s=4503f9362751267f86f7f8957f9213f34f410d08 + +My top Holdings + +&#x200B; + +https://preview.redd.it/jpv47l3313l91.png?width=174&format=png&auto=webp&s=d11943a038828b88b8478409729aee97a6197b4c + +All of my holdings with current Dividend Yield + +&#x200B; + +https://preview.redd.it/sj0javr7i3l91.png?width=1914&format=png&auto=webp&s=37dfe0543b923fccc98ea63084d4822e37acc37b + +Compounding Effect with 13% div growth and zero DRIP and price appreciation: + +&#x200B; + +https://preview.redd.it/rbq9blmdz3l91.png?width=967&format=png&auto=webp&s=35452f6c02496ba432786607224eec3dcce8c45c +I live in WA and have \~$5m unrealized capital gains. I consider my portfolio balanced. + +&#x200B; + +Given the prospect of a 7% state Capital Gains tax and a higher federal LTCG bracket, I am thinking about selling the position and buying it back immediately so that I can proactively pay 23.8% on it instead of 30%+ + +&#x200B; + +Does this sound rational? Is anyone else thinking of doing this? +Here is the timeline: + +February 2022 - SEC proposes Rule 13f-2 looking for comments + +September 2022? - SEC loses all 13f-2 comments + +October 14th, 2022 - SEC reopens all comments but only for 2 weeks + +October 14th to 28th, 2022 - Urvin Finance urges investors to submit a comment using their template (not unique comments). Not saying that using a template is bad, but according to Dave, submitting a unique comment can have a greater impact. + +Oct 26th, 2022 - Fidelity releases meme comtumes + +October 27th, 2022 - Ortex Messes Up Short Reporting Percentage on GME + +October 28th, 2022 - S3 Partners says GME will go parabolic if it goes past $30. GME runs 8%. Everyone on Reddit is talking about Ortex and GME and not talking about Rule 13f-2 and 10c-1. + +Why is it so hard to find the deadline for when this comment is due? I swear I heard someone saying it was November 1st or 2nd. Is it today? I have no idea, but I do know it's VERY SOON. Even the Urvin Finance page doesn't list the deadline. Shouldn't the deadline be at the top of this page: [https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) + +Even the link to the rule on the SEC website has the OLD date [https://www.sec.gov/rules/proposed/2022/34-94313.pdf](https://www.sec.gov/rules/proposed/2022/34-94313.pdf) + +What about 10c-1? According to Urvin Finance, it's due TODAY? WHY is no one talking about these rules/proposals? Did apes just get played and miss their opportunity to participate on market reform where it matters most? + +Anyone that believes TA is a distraction should also consider the possibility that they just got distracted themselves. + +Here is how to submit your unique comment letter. THIS is important + +Please follow these steps to file the comment letter: + +1. The subject line must include the File Number. For this proposal, you should use this subject: "Comment Letter for File Number S7-08-22 Short Position and Short Activity Reporting by Institutional Investment Managers" +2. Attach your comment letter, preferably as a PDF (alternatives include Word or Text docs). +3. Send the email to [rule-comments@sec.gov](mailto:rule-comments@sec.gov) + +**EDIT: Since this is blowing up, I thought of one other thing and this is SO IMPORTANT that I'm going to make it it's own post on Monday. If you use "personally identifying information" as suggested at the bottom of the Urvin Finance template, the SEC reserves the right to refuse to post or remove your comment according to the reply email I received after submitting my own comment** + +Urvin Template includes (this signature is suggested below in bold) + +**\[YOUR NAME\]** + +**\[ANY OTHER INFO, SUCH AS YOUR TITLE/POSITION AND FIRM\]** + +SEC response email includes this below: + +"**We reserve the right**, but shall have no obligation, to review, **to refuse to post or to remove any or all of your submission** from [www.sec.gov](http://www.sec.gov/) that is deemed to be inappropriate for publication, including, but not limited to, obscene language, **personally identifiable information**" +Here is the timeline: + +February 2022 - SEC proposes Rule 13f-2 looking for comments + +September 2022? - SEC loses all 13f-2 comments + +October 14th, 2022 - SEC reopens all comments but only for 2 weeks + +October 14th to 28th, 2022 - Urvin Finance urges investors to submit a comment using their template (not unique comments). Not saying that using a template is bad, but according to Dave, submitting a unique comment can have a greater impact. + +Oct 26th, 2022 - Fidelity releases meme comtumes + +October 27th, 2022 - Ortex Messes Up Short Reporting Percentage on GME + +October 28th, 2022 - S3 Partners says GME will go parabolic if it goes past $30. GME runs 8%. Everyone on Reddit is talking about Ortex and GME and not talking about Rule 13f-2 and 10c-1. + +Why is it so hard to find the deadline for when this comment is due? I swear I heard someone saying it was November 1st or 2nd. Is it today? I have no idea, but I do know it's VERY SOON. Even the Urvin Finance page doesn't list the deadline. Shouldn't the deadline be at the top of this page: [https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) + +Even the link to the rule on the SEC website has the OLD date [https://www.sec.gov/rules/proposed/2022/34-94313.pdf](https://www.sec.gov/rules/proposed/2022/34-94313.pdf) + +What about 10c-1? According to Urvin Finance, it's due TODAY? WHY is no one talking about these rules/proposals? Did apes just get played and miss their opportunity to participate on market reform where it matters most? + +Anyone that believes TA is a distraction should also consider the possibility that they just got distracted themselves. + +Here is how to submit your unique comment letter. THIS is important + +Please follow these steps to file the comment letter: + +1. The subject line must include the File Number. For this proposal, you should use this subject: "Comment Letter for File Number S7-08-22 Short Position and Short Activity Reporting by Institutional Investment Managers" +2. Attach your comment letter, preferably as a PDF (alternatives include Word or Text docs). +3. Send the email to [rule-comments@sec.gov](mailto:rule-comments@sec.gov) + +**EDIT: Since this is blowing up, I thought of one other thing and this is SO IMPORTANT that I'm going to make it it's own post on Monday. If you use "personally identifying information" as suggested at the bottom of the Urvin Finance template, the SEC reserves the right to refuse to post or remove your comment according to the reply email I received after submitting my own comment** + +Urvin Template includes (this signature is suggested below in bold) + +**\[YOUR NAME\]** + +**\[ANY OTHER INFO, SUCH AS YOUR TITLE/POSITION AND FIRM\]** + +SEC response email includes this below: + +"**We reserve the right**, but shall have no obligation, to review, **to refuse to post or to remove any or all of your submission** from [www.sec.gov](http://www.sec.gov/) that is deemed to be inappropriate for publication, including, but not limited to, obscene language, **personally identifiable information**" +Wanting to make a thread where we can all share companies we are following that holders that are following closely know of big news expected for a company they hold, talking big company re-rating news that would be expected to drop in the first quarter of 2022. + +Ill start with probably a well known example at this point: IHL . This is a pharmaceutical company with a lot of intellectual property that are going to be listing on the Nasdaq in Jan 2022 according to latest company announcements. A lot of CBD and other psychedelic trials being undertaken, and their peers currently trading in the US at similar stages like Compass Pathways and MindMed are around 1 billion USD market caps, whilst IHL is around 500 mill USD market cap. And going by history with companies like LKE, this year listing on nasdaq, directly after listing got a huge pop. + +Hopefully we can get a good list going here of companies to watch with big news in the next couple of months, get 2022 going off to a good start for the asx betters! + +\*To help everyone out in the reply, looking for more detail than just the ticker code, a little info on what is the announcement expected? why it will be company re-rating ? when is it expected ? +1. What was the atmosphere like? +2. What were the indicators or signs before it happened? +3. How were you positioned? And how did you react? + +edit: 4) Looking back, What would have been the ideal play? That 10-50X +Down 11% after earnings. Horrible new subscriber numbers. + +IMO, NFLX will continue to tank into the low 200s. It might dead cat bounce here and there but the trend going in 2019 and 2020 is down. + +Facts and Opinions + +- It’s US subscription base is saturated. It’s the most stable, profitable. To increase revenue in the US, Netflix has to increase monthly price. This will be a further hit on new subs and current subs. + +- Foreign markets continue to see higher percentage growth. No necessarily a great thing. There’s huge marketing and support costs in trying to penetrate these new territories. This is cash burn hell. + +- Even with the 11% haircut. PE is at 125. CEO keeps saying it’s a media company not a tech company. Well, Hasting, DIS PE is 15. Please explain why your media company is 8 times more expansive then the best media company in the world that, by the way, will own HULU outright and will launch Disney+. NFLX fair value as a media company is 40-50 dollars. Let’s add a 4x multiple for its “growth story”. Then it’s 200 per share. Not 300+ + +- It’s business model just does not work. Debt to equity ratio is 1.8. They have a burn rate of 3.5B in 2019 and more of the same in 2020. And for what? It’s mostly spent on content. Besides OITNB, HOC, and Stranger Things, it has not generated many franchises. Disney creates the best content franchises of anyone and it still cannot guarantee a hit. Content is not scalable or predictable. NFLX BURN RATE WILL HAVE TO INCREASE NOT DECREASE. Once Friends and the Office leave, they need their own mega-hits. No guarantees there. + +- Streaming was innovative and convenient 10 years ago. It’s taken for granted now. NFLX has no most. No tech advantage. + +TLDR : NFLX fucked. +Hi fatties, + +I've been trying to search online and reddit for inspirations to build a 10+ years life map for my family with young kids. Think bucket list and experience optimization for the age of the family members/seasons/interests etc. I love my two boys under two and my wife who is truly a goat mother/wife/person. I don't want to squander and waste the opportunity to grow and spend quality time as a family. + +Things to measure could be: + +- Time allocation per week to key activities. Think learning and playing and family time +- New places to visit. Could be small like a new trail locally or bigger like a new country +- New things to do. Could be a yard sale or a lemonade stand or a RV trip +- Age/fitness specific bucket lists. Think Disney cruise, Camino de Santiago, father and son marathon + +I'm well versed at devising such a plan when it comes to personal finances or my career. It's almost all I think about, which is part of the problem. I want a more intentional life for me and my family. I've had plenty of reminders as of late that life is short. I grew up in a traditional immigrant family. Life was about getting ahead. Time spent on sports, hobbies, travelling was time not spent studying or working. + +I'm really interested to hear all the fat parents' thoughts on what's worked for them or if you have a list/plan that you can share? Doesn't have to be posh or luxury although that's ok too. + +Cheers! +I don't really understand what this means for prospects with the future of a company...? Did my rocket go limp? What the fuck is going on? + +[Suspension from Quotation rule violation 17.2](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02547496-3A598134?access_token=83ff96335c2d45a094df02a206a39ff4) +So, I’m going to turn 18 in about a month. I’ve just been informed that even though they (my legal guardians, who are my grandmother and my father) have refused to let me get even a learners permit, and even though I am still in high school and getting fairly good grades, I will be expected to move out within 2 weeks of my 18th birthday. This came as a surprise because my brother is 19 and still lives with them, but at this point I don’t care about that. I don’t know what to do. If I had a car, I think it would be easier, since I could get to work and to school and have a safe(ish) place to sleep, but I’ll be getting my learners on my birthday (if all goes well). There’s no way I can drive. I have no family in this area, and while I could talk to my friends and their families about staying there for a while, that’s only a temporary solution. I do plan on talking to my school and to my guardians to see if I could get an extension until I have my license but I’ve never lived on my own, and i don’t even know how I’m going to be able to go to college. Any advice is greatly appreciated. +(Also, if this is in the wrong place, please let me know! Thank you!) + +Edit: some people suggested joining the military, but due to a disability my local recruiter said that would not be an option to me. +Some F.A.Q + +Why are they kicking you out? I’ve explained this in comments, but I don’t know. They only told me that it’s because I’m going to college. They also wrote up a contract stating I would never go to college which doesn’t sound like it would hold up in court. + +What is your disability? I respectfully decline to share more details about my disability; the only things I am willing to share are that it affect my ability to walk, and that I am unable to run. + +Where do you live? I’m in a rural part of West Virginia. + +Can we donate? No. Asking for money isn’t something I want to do, and also I think it may be against subreddit rules. + +What career do you want to go into? I’m planning on attending a Community college for a degree in computer science. I’ve already been accepted! + +Are you drinking or on drugs? No. I don’t do either, I’m not interested in an addiction that will ruin my life. + +Can’t you go with your mother? Sadly, my mother passed away 10 years ago. +More and more, I see people propagating this lie, especially to newer investors. I get why people say it. It's like saying that the family dog "went to go live on a farm." It's comforting. But it's also dangerously misleading. + +It might not be the easiest thing to hear, but you lose when the price goes down, regardless of whether you sold or not. + +Your portfolio is worth what you can get for it, NOT what you paid for it. And there is no such thing as a stock that owes you money. Please act accordingly and protect your capital. +Unpublished and scheduled to be posted on the federal register tomorrow. This will close several loopholes that market makers and HF have over retail investors for all trades routed to IEX. + +[https://public-inspection.federalregister.gov/2021-07676.pdf](https://public-inspection.federalregister.gov/2021-07676.pdf) + +The purpose of the proposed rule change is to enhance the Exchange’s Retail Price Improvement Program for the **benefit of retail investors.** Specifically, the Exchange proposes to make the following four changes: (i) revise the definition of Retail order in IEX Rule 11.190(b)(15) to **apply only to the trading interest of a natural person that does not place more than 390 equity orders per day** on average during a calendar month for its own beneficial account(s);7 (ii) **provide Order Book8 priority to Retail Liquidity Provider (“RLP”) orders9 at the Midpoint Price10 ahead of other non-displayed orders priced to execute at the Midpoint Price;** (iii) disseminate a “Retail Liquidity Identifier” through the Exchange’s proprietary market data feeds and the appropriate securities information processor (“SIP”) when RLP order interest aggregated to form at least one round lot for a particular security is available in the System,11 provided that the RLP order interest is resting at the Midpoint Price and is **priced at least $0.001 better than the NBB12 or NBO13**; and (iv) amend the definition of RLP orders so **such orders can only be midpoint peg orders**,14 cannot be Discretionary Peg orders,15 and cannot include a minimum quantity restriction.16 The proposed changes are designed to further support and enhance the ability of non-professional retail investors to obtain meaningful price improvement by incentivizing market participants to compete to provide such price improvement. + +Retail Liquidity Provider means a broker that routes retail orders through the IEX. You can call your broker and see if they are an RLP for IEX. + +**Ape speak:** + +*This completely negates the ability for other firms to see retail orders before execution and then act accordingly to manipulate the price. This would give retail orders* ***Priority over other non-displayed orders. These orders are routinely used to drop price even when buying pressure is increased.*** + +Read some of the DD to learn a bit on how **non displayed orders** are likely being used by citadel and friends to manipulate the price. + +Overall, it seems like a major step in the right direction to help level the playing field. It looks like it has to go through the traditional comment period before approval. (Not an advance notice). + +Still reading will add more as needed. +Has anyone else noticed this? I got into REI because I wanted to aggressively grow my income as much as possible while also diversifying income streams from my primary business. Because of this a lot of the strategies employed by others and the mindsets others have dont really do me a lot of good. It seems like everyone who hosts podcasts, posts on the BP forums, or posts on Reddit, just wants to make enough to pay the bills. I always see people who have set their "big goal" as replacing their job income, but no one who has a goal of actually becoming "rich" through real estate. + +Is it just me seeing this? Everyone just seems to have such small goals. I've looked for ages for a podcast, book, or just *anything* with content from people who got into real estate because they wanted to make a significant income from it. Cant find anything. +Really? + +How would your tech/growth stocks be doing right now if you sold them? + +Meanwhile, my dividends just keep rolling in, and are letting me pick up shares of growth companies at bargain basement prices. + +Also, made a BUNDLE of money on my “dead oil companies” while you were buying those tech stocks with no earnings. + +I’m feeling pretty good about this market. How about my other divvy homies out there? +https://www.cnbc.com/2020/07/09/weekly-jobless-claims.html + +Weekly jobless claims totaled 1.314 million, compared with the Dow Jones estimate of 1.39 million. + +The total was a decline of 99,000 from a week ago. + +Continuing claims fell to 18.06 million, a drop of 698,000. +So, my truck decided she needed $4k worth of work in the last 6 weeks (don't get me started), so I emptied all the coffers and now she's back to being reliable. + +Unfortunately, that $4k wiped me out. I am robbing peter to pay paul, and one of the things that came to mind was reaching out to the truck loan company to see if I could skip a payment. + +They obliged and I have the green light to do this....but I was wondering....does this negatively affect my credit? I know they just add the payment to the end of the loan, but does it do anything as far as my payment history goes? The loan company didn't have a concrete answer, so I was hoping maybe someone here would?! + +Thanks in advance!!! +I've been working two full time remote software development jobs for multiple years now and I am absolutely killing it with regard to income and savings. This is so great I can't believe more people aren't doing it. Two six figure jobs and the work is easy for me because I've been doing it for so long. Sure there are busy times but generally pretty manageable and I really don't work that hard. + +Sorry I just had to share this, my spouse is the only one who knows. +EDIT: since some people are confused - this isn’t my main account, I set this up specifically to help new traders see how it can be done. I chose 30k to meet PDT requirement with some cushion. The goal is to double the account and show traders that they don’t need to use momentum trading to be consistently profitable. I’ve already been trading full time for the past five years. + +In order to show people that one can Day Trade for a living and it does not require starting with an inaccessible amount of capital, I have started the $30K challenge three days ago. + +I am a full-time Day Trader, and I have found that the reason most people fail at this is because - + +**A)** They do not put in the required work + +**B)** They believe Day Trading is primary "Momentum Trades", otherwise known as "Gap n Go". + +So I set out the goal to double the account in four months. I post every trade live as I do them (here are today's trades: [https://www.reddit.com/r/RealDayTrading/comments/osye6m/30k\_challenge\_day\_3/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/RealDayTrading/comments/osye6m/30k_challenge_day_3/?utm_source=share&utm_medium=web2x&context=3) ), and I also put the link to my public Tradersync in my recap post ( [https://www.reddit.com/r/RealDayTrading/comments/otm4q0/day\_3\_30k\_challenge/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/RealDayTrading/comments/otm4q0/day_3_30k_challenge/?utm_source=share&utm_medium=web2x&context=3) ) + +I am not selling anything, I do not have a "channel", do not own, work for or get rewarded from any trading service or resource - I was simply sick of hearing that "Day Trading as a career is impossible" when I do it every day. So I figured I might as well help others that are serious about doing this full-time and show them how it can be done. + +On Day 3, I am currently up $2,835, so the account is now at $32,835. This is not my regular trading account but one I set up specifically for this challenge. You can see the trades and the timestamp of when they were posted, and you can also look at the public journal of every trade. + +I believe that most people who want to do this full-time just want to make a better life for themselves and/or their families - and I also got tired of watching person after person take bad advice and lose all their money. For those who know me, I am never short on "giving advice"; however, advice is meaningless unless you can back it up - well that is what I am doing here. + +Best, H.S. +### I fired at 45, 2 years ago. + +So far its been a bit of a ride. Last year I was a little worried with covid we might see a massive economic slump. However, for me, there was only a little blip and the market continued its rather insane upward trend. I just \[this week\] hit the 2 Million net worth mark. This feels weird as I have done absolutely nothing “work” wise since retirement. It feels a bit “unearned”. I made a couple of stock moves which have proved to me that I am NOT a stock picking wizard. I had more profit than loss but not something I want to bet my future on. Back to index funds! + +In the last year my expenses were about 32k, a good chunk of that was because I payed my property taxes for this year “early” for a better tax deduction. This year may end up about the same or a bit more given I have some car / home repair things that need to be done. I have actually not even touched my investments yet and have been living off of what was in my savings account. If anyone has any pointers for a making a draw down strategy I would be interested in looking them over. Currently about ¼ of my funds are in retirement - “don't touch until your 60” accounts. They have some time to grow before I need them. + +In the last year things have not changed that much for me. I did manage to get the Moderna shots so I am now vaccinated. The second one was a bit rough but it gives some peace of mind. I was able to visit with family because they were also vaccinated. The faster people get their shots the sooner we get through this mess. I would love to be able to go back to the theaters and restaurants regularly but I’m not quite ready yet. + +Health is still a thing I need to work harder at. I have kind of stalled out on weight loss and am not eating as well as I should. However I am still in a much better place than when I was working the 8-5 job. Health insurance is still not ideal as the ACA wants you the predict the future in regards to cost. My income is directly related to what I spend. My gains are only “real” once they are “realized” and I will only withdraw them when I need them.. + +One thing I have noticed is that my credit score seems to be dropping a bit. I haven't missed any payments or anything but I guess not having a regular income shows up somehow. It should not really matter but I do find it a bit annoying. + +So over all, year two of FIRE has been ok. The world went a bit crazy with covid and politics but I have managed to avoid the worst of it and "FIRE" status has been incredibly helpful. Onward to year three! +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +*🖍Check out the new upvote/downvote crayons! 🖍* + +https://preview.redd.it/0xyofe1cb9371.png?width=1426&format=png&auto=webp&s=5d2c0087ad5e841f0dc8d78cc6d4cdac7a3cb894 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $248.36 + +&#x200B; + +Open Price: $256.02 + +Daily High: $265.00 + +Daily Low: $245.77 + +Volume: 3.56 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[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/) + +*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!* + +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. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VOTE! by u/Bye_Triangle + +&#x200B; + +[Awesome artwork by u\/Verdiii](https://preview.redd.it/686geoa4aa371.png?width=960&format=png&auto=webp&s=6f4feaddae7c50d73866b9a6d3827e85b2965e4f) + +Alright Apes, + +&#x200B; + +The end is nigh, if you were given the opportunity to vote, and haven't yet... There is no excuse! If you want to see this Naked Short Selling scam brought to its knees then you **have** to make sure you submit your vote by the deadline. + +&#x200B; + +***This cannot be put off any longer.*** The Shareholders meeting is **NEXT WEEK**. Though this may be getting repetitive, it needs to be heard. + +&#x200B; + +# VOTE YOUR SHARES + +&#x200B; + +If you've already voted, then spread the word to others-- everyone needs to be reminded of the importance of this. + +&#x200B; + +**Do it for the companies that have been uncerimoniously killed by this practice** + +&#x200B; + +**Do it for the people who lost their jobs because of these short sellers** + +&#x200B; + +**Do it for the Apes who are being disinfranchized by their brokers** + +&#x200B; + +**Do it for GameStop, who need the physical proof of the Naked Shorts** + +&#x200B; + +**Do it for whatever reason inspires you most...** + +&#x200B; + +https://preview.redd.it/kad2d8dxfa371.jpg?width=511&format=pjpg&auto=webp&s=5a9088eb2d6036cb83a0ca2faeae30062b17f746 + +Also comment !apevote! to get your special voted flair! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Ape Security Protocols + +by u/redchessqueen99 + + + +It has come to my attention that several members have been the targets of hacking attempts. If you notice edited or deleted posts on your account, or cannot login, this is likely a sign that you have been the victim of a dastardly shillfiltrator. + +This is possible due to someone logging into your account if it has a weak password, having clicked mysterious links, or other creative methods utilized by bad actors. Therefore, I am writing some quick security tips for moving forward. + +&#x200B; + +[010101ook1010011ookook](https://preview.redd.it/fs2adorboc371.png?width=640&format=png&auto=webp&s=eb01be5d235d8f0ab3a782e3e588684a64d6f826) + +Here are some tips for keeping your account secure: + +1. Use an email or Google/Apple account that **does not match your username.** Your username is public, so remember that anyone can enter it just like you, or add ["@gmail.com](mailto:%22@gmail.com)/@appe.com" and either try to guess your password, or use a program to make attempts. +2. [**Enable TFA / 2FA (Two Factor Authentication)**](https://www.reddit.com/r/announcements/comments/7spq3s/protect_your_account_with_twofactor_authentication/) with your reddit/Google/Apple account; this will require you to link your account to an email, phone number, or authenticator app, and any logins will require typing in a text/email/authenticator code to login. If someone tries to use this, you will receive the notification and become aware of the attempt immediately. +3. **Be very careful with messages** received via reddit messages, chats, and especially links sent to you. These can be very dangerous as they can take you to fake sites or track your IP address. We also know that, because bad actors cannot post or comment, they switch to chats/messages, which we cannot track or moderate. You should consider any private message to be potentially suspect moving forward. +4. Use a [**VPN service**](https://www.pcmag.com/picks/the-best-vpn-services) + (ProtonVPN / NordVPN / others, please do your research on best option); VPN's basically turn your internet connection from YOU---REDDIT into YOU---VPN---REDDIT, so any attempts to track you are filtered through a middleman server. The best VPNs are available for a modest monthly or annual cost; you can also use the browser Tor for a crowd-shared VPN of sorts. +5. Finally, make sure your password is complicated enough so that hacker programs cannot easily crack them. For example, do not use "password123" or even "ilikethestock" but rather "MoNkE2021StOnKsGoUp4p3$t063th3r$tr0n6" - make them work for it. Every second we waste is a second we gain. +6. If all else fails, and you find yourself a victim of hacking, you will need to resolve through reddit. You can [recover a username](https://www.reddit.com/username) or [get more information about security](https://reddithelp.com/hc/en-us/sections/360008917491-Account-Security), but also you can [contact reddit admins for assistance](https://www.reddit.com/contact/). + +**Why would they target us?** + +Does this really need an answer? We are exposing their dirty laundry for the world to see. Therefore, it is cost-effective for them to spend money on professionals to try and destabilize the sub. Additionally, many trolls and bad actors exist on reddit who would love to see us break apart and fall. Our Approved Users list can also be discovered and they may be targeting our Satori-sanctioned apes in an attempt to undermine its use. + +Therefore, we all need to be extra careful, especially with the MOASS impending. I would not forgive myself if I was lazy in regards to keeping you all informed and protected. As mods, we truly understand the importance of your safety and protection, and this is why we are working diligently to keep your educated on the dangers and to implement new technology in an effort to counter their attacks. + +Please leave comments if I missed anything and I will try to make sure I see it and update this post. + +Let's make sure the rocket isn't sabotaged. *Moon soon* + +&#x200B; + +Back to u/pinkcatsonacid + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/6b9p6oz3ra371.jpg?width=512&format=pjpg&auto=webp&s=f03078463ea5bdfa8089ddaf53389e6efb905f77 + +&#x200B; + +**As you may have heard, Benzinga wrote an article about our AMA this week with Lucy Komisar and Wes Christian!!** + +&#x200B; + +And as you may have heard, yours truly has been invited onto a Mainstream Stock show. + +&#x200B; + +**Yes** it was super dope they wrote an article about Superstonk Live! + +**Yes** it was super mcnasty dope to see my name in MSM print! + +**Yes** it was ultimate supreme dope to know that we are gaining exposure!! + +**No**, I will not be doing any mainstream interviews at this time, *unless they are directly and exclusively discussing the issue of Naked Short Selling.* + +&#x200B; + +Which I have a feeling, this won't be. + +&#x200B; + +So while I am truly, seriously honored that I was so well received that an offer for an on air interview was warranted, I will await direct confirmation that this is discussing Naked Short Selling on Benzinga before engaging. + +&#x200B; + +If it is, then buckle up, buckos. + +But if not, buzz off, Benzinga. ✌ + +&#x200B; + +https://preview.redd.it/muifsf1exa371.jpg?width=1080&format=pjpg&auto=webp&s=890da5bbb8febce32994fa96da60132bf8b08bc2 + +&#x200B; + +[**My Diamond Whistle Blower OP, for those who haven't seen.**](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/?utm_medium=android_app&utm_source=share) + +&#x200B; + +Whatever happens, I'll keep you updated! + +&#x200B; + +*A note on MSM: My comment from a post yesterday:* + +*I know it's exciting and cool to see our name in lights (my husband is probably going to print the benzinga article from today and put it on the fridge lol) but this post is an important message to remember as MOASS approaches and MSM coverage becomes inevitable and more widespread. THIS COMMUNITY has proven to be the ONE reliable source for verified, researched information in all this. NOT the main stream articles that our brokers want us to read.* + +*MSM is* ***not*** *suddenly our friend just because they recognized that we are doing their jobs better than them here on Superstonk. I do, however, think it's good to point out and celebrate when the media gets it right, within reason. And I'm happy when I see them covering the groundbreaking work we are doing here, like the interview Lucy performed on our behalf with Wes. It's a fine line to toe, but this group is the smartest bunch around and I know we can tell the difference. 💪* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# IT'S TIME TO RISE UP- Mission Critical 🚀🚨🚀 + +*Expanding on the words of Wes Christian- by Pink* + +&#x200B; + +https://preview.redd.it/0mtp7l17za371.png?width=750&format=png&auto=webp&s=0f90cb38dd7cfc5fb1b261e41134ac83740c09a1 + +[Here's the link to the original Wes Christian AMA that inspired the fuck out of me](https://www.youtube.com/watch?v=2rJujnpKiqM&t=350s) + +&#x200B; + +[And here's the link to the most recent Wes Christian AMA with Lucy Komisar](https://youtu.be/q8-JO3g5bm4) + +&#x200B; + +💎🙌 + +&#x200B; + +# "The people we are talking to now (apes) have got the best game in town. The best way to take on a bully, is be a bigger bully"- Wes Christian on Superstonk + +&#x200B; + +***"So, first I want to thank all the followers in this group. Which I understand is close to 300,000, so realize that each one of you are important to the cause, exposing this, getting this information out is critical. It's going to take all of us to make a change."- WC*** + +Did you hear that, Superstonk? How about you in the back, lurkers? ( ͡°( ͡° ͜ʖ( ͡° ͜ʖ ͡°)ʖ ͡°) ͡°) + +YOU'RE NOT ONLY IMPORTANT, YOU ARE HELPING PRODUCE AND DISTRIBUTE CRITICAL INFORMATION TO THE PUBLIC! + +***"It takes a gargantuan effort, it takes people as strong as apes."- WC*** + +Apes are strong. Evolving. Adaptive. Resilient. And cunning. But they are stronger together. + +&#x200B; + +https://preview.redd.it/9zyslp5eza371.png?width=800&format=png&auto=webp&s=2ef72ad00c139d756c872a988cfd0ed6342fb7b4 + +***"It takes a warrior. It takes somebody that's principled that never gives up."- WC*** + +On days when FUD is high and hope is low, every single ape has to realize that it will take the diligence and resilience of a warrior to win this battle. Leroy Jenkins is within us all. + +&#x200B; + +&#x200B; + +https://preview.redd.it/3pl3u9cgza371.png?width=732&format=png&auto=webp&s=46fdf92cfc79252cc0ef4b9bb43bba24d9de4df8 + +***"It's up to each of us to make a decision. Do we want to be on the side of right or wrong?"- WC*** + +I think we all know which side the apes are on. And history will remember. For generations they have been robbing our families, stealing our ideas and our land and resources, negotiating our time and talents for pennies on the dollar, kept us in class and race wars to distract from the fact that... they've been stealing the world's wealth for a lot longer than Gamestop has been a company. And the game stops here. + +&#x200B; + +https://preview.redd.it/9xnpz6viza371.png?width=620&format=png&auto=webp&s=1dd7ad6339789bcdd4fd14cac4333217ea5b90cc + +***"How do we want to spend the talents that God gave us?"-WC*** + +Are we going to let the FUD stop us from using our talents to grow, nurture, and thrive within this golden think tank that is **quickly becoming bigger, mightier, and more precious than the City of Athens?** Or are we going to put our wrinkles to work and create to share, to spread knowledge among our kingdom of apes, new and OG alike, and fortify these great walls we have built from the ashes of WSB and GME. To protect the culture and the inevitable philanthropy and hope that will come from these walls post-MOASS... we are a force to be reckoned with. What we are building together within the walls of this city will stand tall and proud, long after the squeeze has squoze.💖💪 + +&#x200B; + +***"Ultimately it's going to take massive amounts of people to want to be involved in this to expose it. We're gonna have to come together as a similar*** ***~~wolf~~*** ***ape pack to share education to educate ourselves and fight it. And to ultimately win the battle at least as was done in part with Gamestop."-WC*** + +&#x200B; + +https://preview.redd.it/0qi53c7mza371.png?width=760&format=png&auto=webp&s=513faa15812bdb156f9810846a590fa3daac446b + +# "It's gonna take a massive effort by the investing public to RISE UP..."-WC + +&#x200B; + +[RISE UP!!!!](https://preview.redd.it/9m3c4bjoza371.png?width=1258&format=png&auto=webp&s=5cebec230927c10813fa24137a0c55556677578c) + +# "This effort that this group of ladies and gentlemen are involved in is CRITICAL it's MISSION CRITICAL..."-WC + +# + +https://preview.redd.it/8dmfx60rza371.png?width=300&format=png&auto=webp&s=882800906243abe07a859cb4f87e300bdc3ebd80 + +***"Fakeness, or lies, deserve no place in this process."-WC*** + +Go with your gut. If someone tells you there's a price ceiling, and especially if it's in the (low) thousands, they are *fucking* *liars*. You know who tells you that the price ceiling is anything below an absurrrrd amount of money? + +**People that are paid to tell you that. And to sell on the way up. Especially as anything but a limit order. It's confirmed FUD. Ignore, report, correct in the comments. Call out those shill motherFUDers. Remember, if it looks like a duck and quacks like a duck! 💎🙌🚀🚀🚀** + +&#x200B; + +***"Dilution is a very important point- Dilution is an actionable form of damage model."-WC*** + +&#x200B; + +https://preview.redd.it/5fuexxpuza371.png?width=638&format=png&auto=webp&s=808badb985163e9e0cb42c8c03f91feea31dabe5 + +I.E. big lawyer speak for, if you own shares, and your ownership has been diluted (like can be proven by overvoting) because of naked short selling, then **THOSE DAMAGES GIVE SUFFICIENT REASON TO TAKE LEGAL ACTION!** + +&#x200B; + +# 🚨OMG WE CAN SUE THEM!!🚨 + +&#x200B; + +**"In the next 3-6 months you're going to see some major things happen on the legal side. We've been increasing our bench exponentially, we've put a big pot of money together, and we're gonna go after this in unprecedented way." -WC** + +&#x200B; + +***"What can change this? Doing what SuperStonk is doing, because it's going to take massive amounts of people to be involved to expose the bullies out there."-WC*** + +So what can you, dear ape, do to best help the cause here? VOTE YOUR SHARES! Upvote good content! Follow your nose and report FUD. **BTFD. HODL.** DIAMOND HANDS ARE STILL EVERYTHING- NO MATTER HOW LONG (or short 😝)!!!! Basically, just keep being fucking awesome. 🤙 + +Voting your shares, or finding out what you can do in the case that you can't vote, is the most important thing you can do right now. + +**No matter what happens, dear apes, HODLing got us here. And HODLing will take us to the moon and beyond. Remember that by VOTING AND HODLing, we are the catalyst. The catalyst has literally been inside us the whole time. 🚀🚀🚀** + +&#x200B; + +**Stay strong and ever vigilant, my dudes. ✌** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/BodySurfDan + +&#x200B; + +The GME lyricist just keeps giving us songs to share. 🎶🐈🎶 + +&#x200B; + +This latest one makes Wes Christian look even more OG, which I didn't know was possible. + +&#x200B; + +[Here's the latest one from him](https://www.reddit.com/r/Superstonk/comments/nryidd/hold_the_gamestop_saga_soundtrack/), and be sure to check out his other songs he's posted here in Superstonk too. We love seeing the organic art created by the apes, for the apes!! You make the jungle beautiful!! 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DFV Tweets + +&#x200B; + +https://preview.redd.it/rti669fv0b371.jpg?width=1077&format=pjpg&auto=webp&s=260983ec2d40c00ffdff11d3364e4573baf49c53 + +https://preview.redd.it/2od54staxa371.jpg?width=1080&format=pjpg&auto=webp&s=12cea3627b312de263ebf336e498083df1c6eaaf + +https://preview.redd.it/gy30av7bxa371.jpg?width=1080&format=pjpg&auto=webp&s=aedf7452c6e3ed9b28487fbdaa3b510ddc104f64 + +https://preview.redd.it/qymsktrbxa371.jpg?width=1077&format=pjpg&auto=webp&s=6e99ec31ddc63b312e9b9f065835234fa1ca6718 + +https://preview.redd.it/z2at189cxa371.jpg?width=956&format=pjpg&auto=webp&s=bcbc7c1ad18549e5fee7cb4857531e4ae33594d0 + +O^(h) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +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: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +**Reddit down, wot do?** + +&#x200B; + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to: + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +&#x200B; + +https://preview.redd.it/4jqvt3of2b371.png?width=1600&format=png&auto=webp&s=947c075f671e3f350f38c73d6901ad8c334dff0b +The message will read as follows: **BUY HOLD VOTE $GME** r/Superstonk + +With that said, expect a influx of newcomers so let's cool it on the shit posting and low effort memes. + +Keep the good info trending at top, be ready for all kinds of questions and such. + +As always, be kind and excellent to each other! + +Or the mods will take off their belts!! + +I heard u/pinkcatsonacid and u/redchessqueen99 have a swift right! + +So watch out now!! 😬 + +**Again very special thanks to all those who donated!!!!** + +u/Meowper8tor aka my girlfriend's husband + +[u/chrisdj99](https://www.reddit.com/u/chrisdj99/) + +[u/TheDragon-44](https://www.reddit.com/u/TheDragon-44/) + +[u/TimOnTheLam](https://www.reddit.com/u/TimOnTheLam/) + +u/RicoStuntz aka my other girlfriend's husband + +Forestmz + +Brandon S. + +Ryan A. B. + +Jack R. + +Richard W. + +Christina T. + +Did not add last names for anonymity, thanks again!!! + +If I'm missing anyone leave a comment and will add you. + +Will be there to take pictures and record videos! + +# Edit: Any suggestions on next location/message leave them in comments below!!! Have many inquiries from other apes who want to help make it happen! + +https://preview.redd.it/h24yia48rc071.png?width=1920&format=png&auto=webp&s=25664e683136e464613335d3fbff5869295093dd + +&#x200B; + +https://preview.redd.it/i2wt3s5uyd071.png?width=799&format=png&auto=webp&s=a8e0b37c8d777e9c4a643f1b19ed232bd3874608 + +\- u/Meowper8tor +Greetings all. Bit of background: I've been on this sub for years (was even a mod temporarily when /u/only1parkjisung modded a bunch of people for fun long, long ago), and I've been in the hedge fund world for about a decade (I'm a sell-side analyst; won't go into more detail than that as it isn't necessary). I mention all of this because I know both how this world works and how the hedge fund world works, which gives me a unique insight into what might happen next. + +I won't make any predictions on GME, BB, or other stocks, because I don't think the squeeze's biggest risk right now is there. Rather, the biggest risk comes from what we've already seen happen over at Discord with the shutdown of the server. Note that Discord has had significant investment from private equity funds including FirstMark Capital, Greenoaks Capital Partners, Index Ventures, IVP, Greylock Partners, Benchmark, Accel, General Catalyst, Ridge Ventures, Spark Capital, and Tencent Holdings. At least one of these firms has invested with Point72 Ventures, which recently helped Melvin Capital. So it's not too surprising that strings were pulled to get the Discord channel banned for "hate speech" (which is a very useful brush to tar anyone with, as anyone who challenges it can easily be dismissed as a nazi). + +Now, this subreddit's long history of using several slurs is an opportunity for the hedge fund world to claim it is a hate subreddit and pressure Reddit to get it closed. I recommend the r-word and f-word be banned by mods for this reason; yes I know it is stupid and, well, r-worded, but best to play the game and self censor rather than give these assholes a single in to destroy this community. + +What is the risk of Reddit getting orders from owners to shut us down? At the moment, I'd say pretty low, but the bigger it gets the more there is that risk. Reddit is owned by Advance Publications, which is owned by Donald Newhouse and the Newhouse family (some details here: https://en.wikipedia.org/wiki/Donald_Newhouse). Fortunately, Newhouse's family office (think a private hedge fund dedicated to investing just the family's money) is pretty far removed from the hedge fund world afaik. The family office's CIO (details here: https://www.institutionalinvestor.com/article/b1g6j2tztzpb3t/A-New-CIO-for-One-of-America-s-Richest-Families) got her career started in the investment bank world and did not work for hedge funds, at least according to her Linkedin profile. So the Donaldson family has limited motive to stick their necks out and force a ban of this subreddit. + +However, it remains a risk and a very serious one. I suggest the mods work together to get some legal representation going; if Palihapitiya was serious about investing in the WSB community, I'd suggest putting some money aside for this and for compliance. A kickstarter fund would not be a good idea because of the ease with which bad faith arguments of collusion could be made. + +In short, WSB is at the mercy of Reddit's admins, who are at the mercy of its executives, who are at the mercy of the owners. While WSB is making serious progress as a revolution against the billionaires, this is a very serious weakness that the Discord ban has exposed and that mods need to work on fixing asap. +Simply put, have you all noticed a huge influx of comments from 1 year old accounts with default flairs today? + +It's interesting the sentiment they are trying to force, it's one of frustration, desperation, and defeatism. + +It's very subtle but it's noticable. + +That alone tells me for one that there's paid social media sentiment engineering agencies employed and at work here, if MOASS is off the table, why would they be here? + +I'm a simple man, I'll continue to buy, DRS, and wait. the purple circle count marches on, it can't be stopped, they can't win. +Australian home values are now shrinking at an annualised rate that exceeds 15% based on the three months of CoreLogic compositionally-adjusted index data to 10 September. In Australia's largest city, Sydney, the annual pace of house price depreciation has stabilised at a hefty 22% since late August. Property values in the nation's second largest metropolis, Melbourne, are falling at 14-15% annualised clip.  + +Wonder what the property bulls will make of this... + +[https://www.livewiremarkets.com/wires/aussie-house-prices-now-falling-at-more-than-a-15-annual-rate?utm\_campaign=8493&utm\_medium=wire-page-share&utm\_source=twitter&utm\_content=aussie-house-prices-now-falling-at-more-than-a-15-annual-rate](https://www.livewiremarkets.com/wires/aussie-house-prices-now-falling-at-more-than-a-15-annual-rate?utm_campaign=8493&utm_medium=wire-page-share&utm_source=twitter&utm_content=aussie-house-prices-now-falling-at-more-than-a-15-annual-rate) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +Mods remove if this is more mentor monday + +So reading through a lot of story/"I'm FatFIRE today" etc it seems a lot of stories involve a **high income/business/IPO** of some sort. For guidance to those of us that don't anticipate those happening in our lifetime for example, + +I 24 MCOL, 150k/year single sales management role maxed out ROTH IRA (deductions help get me down to eligible)/401k (no match) what else do I do here? I didn't go to school so no college debt, just a mortgage at 2.9% and a car $30k at 4%. I'm sitting with an extra $3k-$4k leftover every month after all expenses and am still going out having fun, I'm not depriving myself in any means. + +What I'm getting at is according to math if I throw in the extra $3k-$4k at my age towards a brokerage I'm looking at $8 million-$13 million and coming from a first generation immigrant it FEELS like it shouldn't be this easy to get there right? My parents immigrated and scraped for every cent, so this feels weird. + +Is there something else I'm missing that you guys recommend looking into? Other accounts to save in, maybe start a new business and take risks, or just accept it'll be a little boring for a while before FatFIRE? (I do plan to have wife/kids) + +&#x200B; + +**Edit:** In response to people stating I'm complaining/not cut for FIRE I was asking this as some have stated, confirmation of the right steps. It's easy for those that have FIRE to say "hey just save, just invest, don't lifestyle creep" this was for anecdotes if anyone had felt this way too. I understand I'm in a very specific situation with income at age, and I appreciate the kudos. I'm not saying messy middle is the age right now, more so that TECHNICAL after maxing retirements, is this that feeling people call the "boring middle" when you're not aggressively microing in on every expense to max the accounts, when you don't research daily/check accounts daily/re run calculators daily. Thanks to all feedback though I appreciate it! + +**Edit #2:** So I think too many people are getting caught up in age/income and then thinking I'm saying I'm bored. IM NOT. Better way of putting it, is "is this the robotic mode now?" Because at the end of my original post no one's offered other accounts to look into. I understand MAX ROTH IRA/401k, but the big question is **NOW WHAT?** Everyone's saying life/kids/future home etc, and I agree those will come up. So....What other accounts should I look at past retirments that those that FatFIREd would recommend they filled up earlier too? +It finally happened. I know it’s what we all dream about, but I finally have wife changing money! And it’s all thanks to this glorious dip and my investment strategies! I do remember they always said that the bear market is where the true riches are made. They were right. + +They say I’m one in a million. That it can’t happen to just anyone. But I’m here to remind you to not give up hope, it’s never too late! We are still young. So much life to live. We are still early! + +Yep, I did it. I made it. I lost all my money from this bear market and the Luna crash. My wife said it was the last straw and left me, divorce papers are in, and I am now free to change my wife. Just think, someday you could be as lucky as me. I have achieved the crypto dream within a dream. Wife changing money. + +TL:DR - Dreams do come true. I have wife changing money. +Hello all, + +I have taken over managing an elderly family member's rental properties in California after they experienced a stroke early last year. I have Power of Attorney along with one other person in the family. + +All has been going just fine until recently. Last month a family member, who is listed as a tenant in common with two other people on one of the rental properties, went over to the tenants of the property and instructed them that all rental payments would now be made to them, otherwise they would seek to evict the tenants. No one in the family was informed of this ahead of time and I only found out recently when I asked about a missing rent payment. (This family member is angry about their eventual inheritance and is causing trouble, however, this is not the focus of this post, just some context). + +For some reason the tenants agreed to this arrangement without first contacting me who has POA and had been collecting rent and dealing with any issues for nearly a year. + +When I asked them, they said they agreed because the family member could show them a deed showing they are a tenant in common with a 50% ownership stake. I do not even know if the tenants were in fact shown any documentation, but they said they were afraid of being evicted. This person claimed that they are the majority owner that the entire rent must be paid to them, not to the person on the tenancy agreement, who is my elderly family member who purchased the property and who the tenants had already been paying rent to for many years. + +The rental income for this property has long been the taxable income of the elderly person despite the tenancy in common arrangement. + +This rogue behavior by one family member has taken the rest of us off guard as the income is needed to pay for the care of the elderly person and I am not completely sure where we stand in all of this. + +I have told the tenants that technically the rent for February has not been received under the terms of the lease agreement. I would like them to remain tenants as, apart from this, they have been very good tenants and always pay early. However, if they do not pay rent into the account of the person they have the lease agreement again, I will have no choice but to take action to seek two months of delinquent rental payments (I don't necessarily agree with this point, but an experienced property manger in CA, has told me that since they didn't pay the person in the lease agreement, the rent is technically not paid). I do no think it is fair to go after them for the Feb. rent paid to someone else - just want them to pay as they did before. + +The lease agreement in place is between the tenants and the elderly person (whom I have POA for) not anyone else. It clearly states that person should be paid the rent and how and when they should do it each month. Surely just because someone is listed as an owner, they cannot suddenly make the tenants pay the entire rent to them if they are not anywhere on the lease agreement? What takes precedence here - the lease agreement in place or ownership? + +If anyone could possible help me to better understand where I stand legally in all of this it would be greatly appreciated. +I'm still in relatively good shape. I can do weighted pullups, deadlift double my body weight, run, etc., but the extensive years in airplanes, at desks, and in general pulling my traps up to my ears while stressed as I'm hunched over a cramped computer has turned me into an unhealthy healthy person. + +I struggle to sit on the floor with my kids, I regularly throw my back out, and in general just ache. + +I'm assuming my body has a combined issue of muscular imbalances and lack of flexibility. + +Has anyone in the fatfire crowd approached this with something extremely effective either before or after retiring? + +I'm not sure the job title I'm looking for, but would love for someone to run my body through the gauntlet, figure out where I'm deficient and start making changes ASAP. + +I've tried +high end trainer +Massage therapist +Physical therapy + +Without success. + +What has worked for you? + +Update: There have been multiple mentions of diet and losing weight. Probably a focus on the title referencing building your net wealth rather than literally fat. I would agree with many of you that diet is one of the first places to start. I don't have any concerns there. I've consumed a whole food plant based diet solely for the last 2 years (no oil), have 6-pack abs again, low body fat, don't drink, and in general have a healthy life hence the focus on muscular imbalances/flexibility/mobility. + +I have not tried Pilates. I haven't done yoga in quite a while and never really felt like it was helpful, but perhaps I just didn't try it long enough. I feel like the lack of flexibility hinders me from even starting due to the inability to do the starting positions. + +There were many great suggestions here. Thank you all very much for taking the time to make recommendations. My back and children's play time thank you. +[https://www.theguardian.com/business/2020/apr/03/us-jobs-report-march-unemployment-coronavirus](https://www.theguardian.com/business/2020/apr/03/us-jobs-report-march-unemployment-coronavirus) +**Preamble:** I suppose all of us have come across an analyst report while doing DD on a stock. Most of the reports that are freely available to the average investor are either dated or limited in access (we only have the buy/sell ratings and not the deep dive on the stock). According to [this](https://www.bloomberg.com/professional/blog/put-price-investment-research-2/) Bloomberg report, Goldman Sachs charges $30K for access to its basic research, JP Morgan $10K per report, and Barclays charging up to $455K for its equity research package. + +What I wanted to know was if you actually pay for the reports and then follow their recommendations, would you be able to beat the market in the long run? Surprisingly, there were no trackers following the performance of analyst picks over the long term and I decided to build one. + +**Where is the data from:** Yahoo Finance. I used yfinance API to pull all the analyst recommendations made from 2011 for S&P500 companies. While this is in no way a complete list of recommendations, I felt that the data I had was deep enough for the analysis. Both Bloomberg and Quandl provide richer data but costs more than $20K for their subscription and also won’t allow you to share the recommendations with the public. (I have shared all the recommendations and my analysis in an Excel Sheet at the end) + +**Analysis:** There were a total of 66,516 recommendations made by analysts over the last 10 years for S&P500 companies. + +https://preview.redd.it/8dddldhpyiv61.png?width=567&format=png&auto=webp&s=87815030b030a145b4b28699755dca67aada1f1b + +For the three sets, I calculated the stock price change across four periods. + +a. One week after recommendation + +b. One month after recommendation + +c. One quarter after recommendation + +I benchmarked the change against S&P500 and also checked what percentage of recommendations increased in value compared to the benchmark. I limited my time horizon to one quarter since analysts usually create reports every quarter and I did not want to overlap different recommendations. Finally, I also checked which banks made the best recommendations over the last decade. + +**Results:** + +https://preview.redd.it/9aejospqyiv61.png?width=624&format=png&auto=webp&s=4333db3ef1bdf35e4e9bb235de1bdda5a331e129 + +Out of the 35K buy recommendations made by the analysts, the average increase in stock price across the time periods was better than the SPY benchmark with one week returns bettering SPY by more than 40%. Adding to this, I also benchmarked the percentage of times analysts made the call and the stock price went up vs the SP500 index. + +https://preview.redd.it/tiz3b3qsyiv61.png?width=623&format=png&auto=webp&s=65233193d329d16067c7f594f4de19f1455c49ae + +Sell recommendations given by analysts definitely have a short-term impact on the stock price. As we can see from the chart, the one-week performance of stocks that were recommended as a sell was lower than that of the benchmark. But this trend does not hold over the long term with stocks having sell recommendations significantly outperforming the market over the time period of more than one month. Another thing to note here is that on average even after the sell recommendation, the stock price did not fall. (ie, the returns were not negative) + +**Which investment banks made the best recommendations?:** + +https://preview.redd.it/n0gekgktyiv61.png?width=624&format=png&auto=webp&s=9f2d186f3339e0578a72903c507560b415652a41 + +I analyzed the returns of the recommendations made by different banks. The most number of recommendations were made by Morgan Stanley with them making more than 2300 recommendations in the last 10 years. From the above chart, you can see that overall, the best returns were made by Barclays with their recommendations beating SP500 by more than 125% in one-week gains and more than 30% in quarterly gains. + +**How much money should you be managing to profitably buy analyst reports?** + +I did a rough calculation on the amount of assets you need to be managing to make sense for actually paying for the reports. From the above analysis, we could see that the analyst reports beat the market by 23%, and on average full access to analyst reports of a bank will set you back by $500K per year. Putting in the above numbers, you need to have a whopping $19MM of assets under management just to break even. Going on a conservative side, to comfortably make profits and not to have the analyst report fee considerably impact your returns, you should be managing at least $100MM. + +**Limitations of analysis:** + +The above analysis is far from perfect and has multiple limitations. First, this is not the full list of recommendations made by these companies and are just the ones that were updated on Yahoo Finance. I also could not get any information on price targets made by the analysts to supplement my analysis. Finally, even though this analysis covers the last 10 years, it had been predominantly a bull run and this can bias the results in favor of the banks. This aspect could also be seen by observing how poorly the sell recommendations made by the banks faired. + +**Conclusion:** + +I started the analysis skeptical of the returns generated by recommendations made by analysts. There has been a lot of rumors and speculations about whether analysts have access to information the public doesn’t. Whatever the case may be, the above analysis shows that if you have access to the analyst reports, you definitely can beat the market over the long run. Whether it's financially viable or not to access the reports depends on the amount of assets you have under management, in this case at least $100MM! + +Excel Sheet link containing all the recommendations and more detailed analysis: [here](https://drive.google.com/file/d/19Hd6xU4B4p0PmlpV3JULmChU1JQTVkOR/view?usp=sharing) + +*Disclaimer: I am not a financial advisor and in no way related to any investment banks showcased above.* +Hello everyone! I'm a big supporter of the Bingus Project and have been on it since its birth on April 2nd. And today, on this day of dips, it is no different, Bingus presses on. There's so much to update you on since our last reddit post. + +1. HotBit Lists Bingus - After a rocky start trading is open for trading, meaning people who are not so experienced with BSC, DeFi and ever said “WTF is a pancakeswap” can now easily buy. Next week we will be having an AMA with HotBit as well along with their other promos. We have shaken so many unfriendly whales and are holding incredibly strong. + +2. Yesterday we had a TG AMA flip with our new partner, DOGIRA, which was insanely fun. We will have some big news to announce with them in the coming weeks. + +3. We openly discussed our long-term platform plans. They have not been fully published yet but I spoiled some incoming roadmap stuff in today’s AMA. :). Come ask in the telegram if you're curious. We are going to be much more than a charity coin. + +4. Another exchange incoming, confirmed trading life Friday. 2x the volume of HotBit. + +6. New GORGEOUS website was launched on Sunday, a BNB-BINGUS staking announced and coming to that website, built by our friends and partners BogTools. + +5. Finally, unlike the rest of the market we are holding strong in this dip. We have jumped from 10k holders to 15k+ in 2 days. + +6. Emmy Nominated Rocky Kanaka released a youtube video last Friday and gave away $10,000 provided by Bingus. Also, the lead of power, Michael Rainey Jr is posting about us on Instagram right now. Just insane. + +If you’re looking for a safe harbor in rough seas, Bingus is here and ready to shelter you. + +Website with all relevant links inside: + +https://bingus.io/ +Very basic question and I understand that things like risk appetite and goals come to play but realistically what is the risk? I personally understand that with good large cap and multicap funds, your risk in long run is negligible. How true is that? + +Even if you lose money, it can be like 5-10% max? But, my question is, what is a realistic extent? I know I am asking the impossible. + +But things like, what happens during war or some shit happening due to global warming or an epidemic or something. What are the chances of losing serious money? +Good morning from Berlin everybody, another exciting week ahead of us, let's get it! 😏 + +For anyone asking where I get my numbers from: I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +If anyone wants another source, you can take a look here...just remember to convert from € to $! + +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Starting:               154.11 US-$ + +5 minutes in: 153.46 US-$ + +10 minutes in: 152.35 US-$ + +15 minutes in: 152.35 US-$ + +20 minutes in: 152.35 US-$ + +25 minutes in: 152.70 US-$ + +30 minutes in: 152.76 US-$ + +35 minutes in: 153.23 US-$ + +40 minutes in: 153.29 US-$ + +45 minutes in: 152.93 US-$ + +50 minutes in: 152.93 US-$ + +55 minutes in: 152.99 US-$ + +60 minutes in: 153.05 US-$ + +65 minutes in: 153.05 US-$ + +70 minutes in: 153.23 US-$ + +75 minutes in: 153.52 US-$ + +80 minutes in: 153.87 US-$ + +85 minutes in: 153.75 US-$ + +90 minutes in: 153.52 US-$ + +95 minutes in: 153.58 US-$ + +100 minutes in: 153.58 US-$ + +105 minutes in: 153.70 US-$ + +110 minutes in: 153.75 US-$ + +115 minutes in: 154.34 US-$ + +The US pre-market is about to open so that's it for me today! 🇺🇸 +I hope you all have a great start in this maybe very exciting week. +Much love to you all and let's give 'em hell! 😁 +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Wondering if any of you single Londoners live alone in rented accommodation. I logically know it's an absolute "waste" of money, but I bloody hate sharing a flat. Somehow whoever I end up living with (currently a friend and their SO - here I thought I was safe!) is the messiest human being alive. + +I'm paying around £700 at the moment, but that gives me a generously large kitchen and living room (which my flatmate leaves all his shit in and never steps out of essentially, so I feel this is no longer a benefit, I go in there maybe once a week to avoid them), not just a bedroom. + +I could probably move to a studio in the area for anything from 850 to 1000 including bills, if I spend some time doing viewings early next year when our AST comes to an end. Is this worth it? I honestly think it would provide me with a gigantic amount of quality of life, simply because I wouldn't be cleaning my own kitchen four times a week when others neglect to clean up after themselves. How much are you guys paying for the "luxury" of not wanting to deal with people? + +(TLDR: please assure me it's okay to spend a bit of extra money on living alone if it gives me a huge boost in peace of mind and comfort spending time in my own home) +I have seen a lot of posts / comments offering up rules-based approach to thetagang. Here's how I think about it from a general principle approach...if it puts time on your side, or eliminates time working against you, it's theta gang. + +Let's say I have 50 stocks on my long list and 25 on my short list. I will typically invest (buy and hold, diamond hand, whatever term you want to use) 10 stocks; maybe short 1-2 stocks. Why not more diversified? B/c that just takes up more time to monitor. I try to limit my time to 1 and 1/2 hours a day on stocks (investing, trading, thetagang). I've done the thing of looking at tickers all day (as this game is definitely addicting), but don't find it very fulfilling and think it just let me to over-trade. + +I then use thetagang to supplement my portfolio, typically notional exposure is less than 10% of my portfolio. + +1. Naked puts (CSP): What am I going to do with the other 40 stocks on my long list? I will sell naked puts against some of them. Over the course of month, typically 5 of them will have a decent sell-off. I equate this to selling insurance to other market participants. If I get assigned on 1 or 2 of them, now I hold 11 or 12 stocks. + 1. Still manageable, and I got the stock at a better price. I'll look to get out of those over the next few months either by selling outright or selling calls; or sometimes I'll move those up to my top 10 b/c something changed that made me more bullish about the stock. In that case, thethagang got me into a stock with a better entry price, without having to constantly monitor the stock for a sell-off. +2. Naked calls: similar to #1. But I always keep # of naked calls and notional exposure of any individual play less than half of puts. I equate this to selling FOMO. I also have much higher IV requirements. +3. Covered calls - to get to Long-term capital gains: sometimes I have a big gain in a stock that I've been holding for 10 months. Sucks when the stock then drops by half and I didn't sell b/c I as was waiting for the LT cap gains. It's that 2 months of time that I need to bridge. Solution - sell calls to hedge. +4. Covered calls - for anticipated consolidation. Sometimes I'm a super-believer in a stock and aim to diamond-hand for years. But let's say the stock has a huge 2-3x move in just 2 months. It's extended, so hedge with calls. + +I typically spend 15-30 minutes a day looking for call/puts to sell. Most days, I don't find any. + +I typically hold vast the majority of theta to expiration. This is contrast to some rule-based approach others have offered on the board. My rationale: + +1. Let's say I followed a rules-based approach of always covering at a 50% gain. That means I would have to find twice the number of trades. I don't think it's that easy to find good trades. +2. This does not create a drain on my capital. I am margin-enabled, so even if I was 100% invested, then I would just be using up margin. And since I typically limit to 10% of my portfolio, then even if I was assigned on everything, I would only be a little leveraged. +3. I'm lazy. Having to constantly monitor theta plays and decide when to close out would require additional time. + +Hope that helps! +Did anyone grow up so poor tissues were a luxury. When I was growing up we used toilet paper to blow our noses. Tissues seem crazy luxurious to me. After I got married my husband couldn't understand why I kept one box of tissues which I brought out for company. I also bought the cheapest toilet paper. I thought all toilet paper scratched your butt when you used it. We were also so poor my mom used waxed paper to wrap our sandwiches for lunch. I was always so embarrassed because all of my friends sandwiches were in plastic baggies. +👻Welcome to Creeps! The most creepy project on Binance Smart Chain!👻 + +🎃Undeads, Skeletons, El Diablo, Ghosts and all kind of creatures waiting for us this weekend to break Pancakeswap and binance.👻 + +Our project is tooooo creepy and toooo lazy to be rugged so don't worry that is not an option. + +Let's take a look on our creepy details: + +👻 Total Supply: +1.000.000.000.000.000 +🔒 Locked Liquidity on DxSale +✅ Verified Contract + +🎃 Spookynomics 🎃 + +🟢 10% Buy Tax + +-5% Auto added to Liquidity + +**-5% To Holders** + +🔴 18% Sell Tax + +-5% Auto added to Liquidity + +**-6% Redistributed To Holders as Creeps.** + +-5% To Marketing + +-2% To Team + +**Hold Creeps to get Redistribution from all transactions and become a creepy whale freak!** + +Some of our plans: + +Our main goal is to mint a creepy, spooky NFT gallery which will be full of underground creatures😱 + +Marketing: + +- Listing on Coingecko and on CMC ASAP +- Promotion with Twitter influencers Travladd, Mark... +- Listing on Coinsniper, Coinmooner, Coinhunt +- Daily CMS posts +- 0/24 Shilling campaign + +Come on, join us now and celebrate Halloween together rich! + +Telegram: https://t.me/creepstoken + +Website: https://www.creepstoken.com + +Twitter: +https://www.twitter.com/creepstoken +DeFi on Solana is being wiped out, so to speak. + +At the start of the month, TVL on the chain was close to $1bn. Now it has crashed to $280m and is out of top 10. + +[Top chains by TVL](https://preview.redd.it/0raskafxsy0a1.jpg?width=2756&format=pjpg&auto=webp&s=16d18b20ac03a626477e0b8a0165746f858f6a07) + +&#x200B; + +[The crash has been nothing short of spectacular](https://preview.redd.it/hyzlggc1ty0a1.jpg?width=2084&format=pjpg&auto=webp&s=81bcae429cdd013059abcc52c55aff0d0acaa5e6) + +At the peak of the bull run, Solana boasted close to $10 BN in TVL. Now it down to 2.8% of that. Absolute carnage. + +Solana has been plagued with one disaster after another - first the numerous chain halts, then the revelation that one team was responsible for most of TVL by creating double entries, now the final nail in the coffin has been the implosion of Sam, brining with it the downfall of the chain he shilled so much. Many exchanges are cutting down on exposure to Solana, Even stablecoins are migrating liquidity to other chains + +Do you think this chain can pull itself together after all the fiascos? +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! + +ETH is a store of value + +ETH can represent wealth + +ETH can be used to collateralize debt + +ETH IS MONEY + +In the sprit of DCInvestors recent posts lets control the narrative around Ethereum otherwise others will do it for us. +I have a call option that is currently +134.43% that doesn't expire until Feb 19th, 2021. Theta is currently at -0.0929. + +My question is, how long should I hold? + +Closer to Feb, unless there's a large downswing? + +What's the general rule of thumb here? +The price-book ratio of disney now, at the current stock price is approx 2.5 . Do you guys think this is good value for the company? I mean you are only paying a slight premium for their intangible assets such as their brand name and at the current stock price, im assuming that their disney + streaming service is valued extremely cheaply + +I know that this is not a thorough analysis, just wanna throw this out to more experienced investors and learn some alternative perspectives and risk. Do share! +American investor and vice chairman of Berkshire Hathaway, Charlie Munger, has opened large positions in Alibaba Group ($BABA) (the Chinese e-commerce giant and target of Chinese Communist Party (CCP) scrutiny), and many retail investors have followed suit seeing Munger’s involvement as a kind of stamp of approval that BABA is an inevitable profit and ideal place for value investors to put their money. + +My question is to what extent do non-accounting factors like investor sentiment and regulatory uncertainty factor into your assessment of a stock’s overall attraction as a potential investment, and what limitations do you see in the value investment approach in an inherently-irrational market? + +Not all stocks are perfectly priced to match their fundamentals (if they were no one would ever make any money). What’s your process to get from calculation of inherent value and financial health of a company, to the ultimate decision to buy or not buy (opportunity cost calculation, basically)? +I'm struggling to find growth companies at fair value, let alone below. At this point in the cycle, I'm OK buying great companies at fair value, and here is my rational that I'd like your feedback on. Take company Z. Company Z has been growing at 10%/year for the past 15 years. It has a giant moat. I love being a customer of company Z. I think management is awesome. The trouble is company Z's stock is priced 7% above what I consider fair value. Markets can remain overvalued for long stretches of time, like 1964 until 1973. That's nine years! In this particular case, if I sit in cash for one year and company Z finally goes to fair value one year from today, if its fundamentals haven't changed, wouldn't it be more expensive than it is now? Right now it is 7% more expensive, in a year I expect it to be 10% more expensive. My thought process is if you are buying 20 year buy and hold companies, paying a few months over fair value might not be the end of the world. I think it might be less risky than paying 40% under fair value for a failing company. What are your thoughts? +That says it all really. I'm in my early 30s, earning £35k. I'm tired of living with flatmates (fine in my 20s, not so much now) and renting on my own would be horribly unaffordable and leave me with almost zero disposable income or ability to save. I don't really know what to do. Buying is currently a pipe dream as I can only borrow £150k on my salary. I'd basically need at least a £150k-£200k deposit to afford anything (a one bed in a so-so area) which is totally dependent on receiving inheritance ... which may or may not materialise in the near future. + +I can try to increase my salary of course, but even bumping up to £45-50k in my next role wouldn't make a whole lot of difference to this situation. + +My industry is pretty London-based, especially if I'm looking to progress. I like it here. Most of my friends are here. I'm single, so it's probably the place to be in order to meet people. But my living situation is starting to grate on me, and that's pretty fundamental. I'm not really sure what to do next. I don't want to move to the sleepy suburbs where I don't know anyone. One option would be to move to a Northern city where I have a few friends and commute down 2x a week (my work is hybrid) but I wonder if that would suck the life out of me (commuting) and impact my career prospects in the future. So I feel pretty lost right now. + +Edit: My job is in the creative industries. Yep, that's why. +Lived in a nice senior care facility, but no one checked the account until she passed. There is a 60 lookback that banks cover for fraudulent transactions, after that they say "tough luck". + +We suspect someone who had regular access to her room, after she became disoriented, gained access to the checking account. This not identity theft but what is it called? Police report filed and Chase bank notified of fraud. Without subpoenas being issued to the credit cards, (Discover and Capitol One), that were paid by these transactions, do we have anyway to figure out who did it? Likely these cards are fake too but very curious how to pursue since police have pretty much said "tough luck" too. + +Just seems like this sort of fraud should be going to a specialized law enforcement division as opposed to the local police. +Gas is 3.70 where I live. That’s easily 150-200 a month, and I only commute 4 times a week 30 minutes each way. + +Then there’s car maintenance. New tires, getting them balanced or rotated, oil changes, new brakes, etc etc. they all add up. + +Don’t even get me started on car insurance. + +And some people have car payments (I don’t, I have a beater) + +It’s honestly insane. Sometimes I wonder if I’ll save money if I just take the 10$ Uber every day or bike to the train instead each day and take the 1.5 mile walk to work. +Musk is selling 10% of his Tesla stake, valued at roughly $25 billion. A chunk of that will be used to pay off taxes as he executes options from his executive comp package. But that would still leave him with enough to become the world's biggest known hodler of Bitcoin—if he so chooses. +This summary is my reply to a question about why DRS hasn't been correlated with a price increase, and I think it's a helpful enough recap to newer apes that it deserves it's own post: + +-------- + + +From the beginning the DD hypothesized that SHF had nearly infinite power over the price by virtue of their ability to create counterfeit shares via naked shorting. So price is the wrong signal until one of two win conditions occur + +1. Direct registration of the full 70 million float happens, which then reveals that the emperor had no clothes, and DTCC is holding worthless IOUs + +2. An NFT dividend is issued, which hedge funds can't synthesize to match all the phantom shares they've issued due to the cryptographic properties of the NFT. Here again the emperor is revealed to be naked. + +Until either of those win conditions are met, Kenny controls the price. BUT he is still caught! If he lets it run, the paper loss for which he is responsible goes up, and he risks his credit margin being called by the banks. So there is a ceiling. + +But if he pushes it down as far as possible, then apes celebrate in an discount orgy of cheap rocket tickets. So there is a floor. + +And the distance between those two failure points is getting closer every day, as more independent apes realize the DD is correct, buy more stock, and he *has* to push it down because the volume he has shorted is even bigger. So the ceiling is actually falling! + +And more apes are becoming aware of the value proposition GME presents, and RC continues to knock it out of the park. So the floor is actually rising! + +So Ken Griffin, alleged market racketeer, perjurer, counterfeiter, and domestic abuser, is going to get crushed into a fine paste between the two. + +Nobody knows when, but it is Inevitable. + +But you asked for evidence. + +One data point is the borrow rate ... Going from 1 to 3 (to 5 in some places!) percent sounds tiny. But that is a THREE FOLD INCREASE in your costs to short a share! Which are already crushing you! That's not a two percent increase.... That's a THREE HUNDRED percent increase. + +And there is inclusion of DRS statistics in the quarterly earnings report. This is unprecedented, and clearly communicates that RC thinks it's important. + +And finally you have the Cone Poo Chair tweets. These are obviously the least compelling, but "Computershare" is one possible interpretation. + +Chin up, ape. You have sound financial judgment and have an excellent chance of seeing your shares appreciate in value. But you can't predict when... we all just need to be patient. + +Edit: typos, phrasing +Calm down... I didn't sell ALL my bitcoin. I just sold some of it to put towards closing costs. Still very sad because I really believe in BTC and don't want to sell any sats. But, the plus side is I now have a house! +From a psychological standpoint point, the term “Double Down” sounds risky. It sounds desperate. When do you double down? When you’re trapped in a gamble that you NEED to succeed. It shows a weak player who hadn’t thought out their play before throwing their money on the table. + +Now “Due Diligence” speaks of wisdom. It tells a tale of a person who is taking the time to cover their bases. A person who looks at the options and makes a rational decision. A diligent person; the kind you would put your own bets on. + +Now I firmly believe these media shills are not idiots. This isn’t their first rodeo and they have huge money, their own psychologists, and years of manipulation experience. Of course, we will laugh and point at them for their perceived stupidity. + +But (and this is important) WE ARE NOT THEIR AUDIENCE! + +They already know damn well what we think of them. The fact that they use DD (wrongly) as a term confirms they’re in here and they are aware of our stance on their bullshit tactics. Their game right now is to dissuade new money from coming in. It’s been that way since January. + +“Shorts have covered” +“Reddit crowd is manipulating the market” +“Look at these stocks, the next GameStop!” + +By claiming our DD is about Doubling Down, they paint us as irrational players at the table. Risking it all because we already fucked up once. + +Not our Due Diligence. Not our hundreds, thousands of man hours put into research and review. Not our god damn unshakeable will to HODL because we know this isn’t a bet anymore. It’s not a matter of IF to us, it’s a matter of WHEN and they know it as well as we do. + +Just more tactics to make the sheep too afraid to look down and see they’re not covered in wool with grass beneath their hooves but apes with hands made of diamond and a god damn rocket ship sitting in front of them. +I was amused by the freaking out occuring over the last couple of days. I'm sure a lot was joking, but a lot wasn't. + +Here is some perspective. The ASX; + +- Dropped 0.74% on Friday. +- Is up 0.56% for the week. +- Is up 0.40% since January. +- Is up 12.88% in the last 6 months. +- Is up 47.62% since March 2020. + +Now yes, you could pluck out other dates to show a negative story instead. I.e - We are down compared to 4 weeks ago, and still down vs Feb 2020. Sure. Me picking 23 March 2020 is probably a bit disingenuous. + +But my point: calm the fuck down over a couple of consecutive red days. If this genuinely concerns you then go do something else with your money because you don't have the stomach for it. + +Or - realise that you are you are trading/investing/gambling in an intensely competitive market place that will not always give you a win. + +Anyone who started trading in the last 12 months needs to remember that shares go up AND down. Shocking i know. The bull run from March 2020 to Jan 2021 was a freak. + +TLDR: Shares go down sometimes. Maybe even two or three days in a row. If Tom from Commsex keeps touching you in inappropriate places then maybe give the ol' T-2 a rest for a while. +I’m getting like $6 return on my investment every month. + +Any recommendations on how to best make the money work, like stocks or crypto? + +I do plan on pulling the money out in a few years for a large purchase, but I’m wondering if there’s a better way to store it rather than a savings account. +So I'll try my best to keep this short and simple, but overall looking for advice if I'm able to interevene in this situation at all. + +My mom is 61 years old and hopefully close to retirement soon. She says she is not able to retire just yet. Her 401k is around $550k, her cash amount is around $270k (literally cash in a savings account due to an inheritance) and her house is worth around $500k with about $150k still left in her mortgage. + +Here is the big issue: My grandmother passed away about 4 years ago and when she died she left my mom and my uncle her house in San Jose, CA. This house is literally centered in the heart of Silicon Valley and is pretty big. I don't know the exact value of the house because it hasn't be appraised in who knows how long, but houses in the same neighborhood are easily going for 2.5mil+. The house probably needs some work but nothing major. + +My uncle currently lives in the house and has lived in the house all his life. He is a free loader, never moved out, didn't go to my grandmas funeral, and my mom pretty much has zero contact with him. + +I've told her numerous times if you guys sell and split this you can retire right now! My mom is very non confrontational and has not wanted to deal with this since my grandma died 4 years ago. + +I have told her many times to try to reach out and see if she can get ahold of him but she always says she will but won't. I've told her maybe get an attorney and see if they can help - still hasn't. + +What kind of help can I do in this situation? I'm assuming some might just say you can't. its her house and she can do with it want she wants and I respect that but my mom deserves to retire. She has worked hard her whole life - made some bad financial decisions but has put her self in a good spot now. + +Any help is appreciated, thank you! +Hello everyone, + +So over the past few months, I've been learning about algorithmic trading on the FOREX market during my free time, and I've been working on a project that I'm not sure if I should continue. + +I am a first-year comp-sci student at a university, so I have barely any knowledge on in inner-workings of the FOREX markets, or even like what causes the EUR/USD to climb, etc. I do have some beginner knowledge with python 3, pandas, numpy, jupyter, etc, and I have been trying to backtest a strategy I found. + +Over the past months, I've bought a Udemy course that went over how to backtest and trade FOREX strategies using pandas and those libraries, and using Oanda (and Oanda api) to trade. The course was pretty useful, I certainly used as much of it as I can, but now I'm at a cross-roads. + +I've discovered a strategy called the '3-Ducks'. In short, it uses 3 simple moving averages (60 for 4h, 60 for 1h, and 60 for 15min). If price is above both the SMAs for 4h and 1h, and the price is below the 15 min SMA, set a buy stop order at the 15 min SMA price point. Set a 30pip stop loss and take profit. (reverse for selling). For more info on this strategy, I referenced this babypips article: [https://www.babypips.com/trading/trading-system-test-3-ducks-trading-system](https://www.babypips.com/trading/trading-system-test-3-ducks-trading-system) + +So I've been 'backtesting' this strategy and trying to optimize. The 5 parameters I was trying to optimize are the 3 SMAs (optimizing between 10 and 110), the take profits and the stop losses. In the end, I ended up with the optimal values being something like 70 SMA for 4hr, 15 SMA for 1hr, 110 SMA for 15 minutes, and the ideal take profits being 35 pips and stop losses being 55 pips. + +I optimized over a 3 year time-period for the USD/CAD pair, and in total, over a 3 years period, this strategy earned around 1000 pips total. + +This strategy doesn't trade frequently. It usually seems to make a trade once every 2-3 days, and holds that trade for a few hours and either a take-profit or stop-loss hits. + +So right now, I think I can start building the actual 'algo' that trades using this strategy, and not the backtester. I then intend to host my trader bot somewhere on a server and give this bot like $400 to work with. (Oanda says that it allows leverage of 50:1 for USD/CAD, so I do intend for the bot to make $20,000 trades each time). + +So I don't have a specific question, but if you've done something like this before, or you see a fault in my plan (or in what I have already done), please I'd love to learn. Any criticism is wanted! +For US markets there are tons of sites, from Yahoo Finance to Seeking Alpha. Some good, some bad, but sorting out the valuable information from trash is part of the game. But where do you get the info about European markets/investments? There's FT, but honestly, my portfolio size does not justify the subcription amount just yet ;) +I don't really understand the people that are making $100K a year and then decide to "Barista FIRE". + +It seems that these people would work 10 hours a week making minimum wage so they get some extra income. + +Let's say minimum wage is $15/hour -- so, in a year you make $7,500. If you are making $100,000/yr -- why wouldn't you just work one or two more years so you don't have to make that extra "Barista" income for the rest of your life? + +What are the goals of Barista Fire? Is it that people like socializing and it's not really about the money? +With the volatility going on in all asset classes, I’m curious how others in our cohort are performing this year. Is your net worth up or down from last year highs….I’ll go first….down 12% +I wanted to write a series of posts regarding different investment styles, the portfolio allocations suggested by the styles, and the assumptions and hidden factors underlying each style. For my first post I will start with the most boomer, r/investing, bogleheads investing style originating from followers of Jack Bogle the founder of Vanguard. + +Jack Bogle, our savior, taught us all a sure-fire way to compounding wealth, retirement, and financial freedom: buy Vanguard stock and bond ETFs and then tell everyone you know about the dangers of paying 75bps to ARK funds because of compound interest. + +Who am I to question historical 6-7% inflation adjusted returns in the S&P500? As countless threads on r/personalfinance, r/investing, and any of the financial independence subreddits have explained, if you just buy VTSAX in your 401K and IRA you will be rich eventually because Einstein says the most powerful force in the universe is compound interest. + +The first bit of these threads that piss me off are the advocates for full portfolio allocation to US stocks. When you go “Fuck it, 100% stocks” you lose the only free lunch available which is diversification. Jack Bogle knew this and also recommended an allocation to bonds. The idea is that bonds and stocks are not correlated and so by combining the two assets you can achieve a return without as much variance. But when US stocks have been bull running for over a decade it’s hard to accept some historically lower variance return, so there’s a recency bias for advocating higher percentage allocations to stocks. + +The reason that two uncorrelated assets one with higher mean returns (stocks) and one with lower mean returns (bonds) make sense to hold in a portfolio is because you don’t just care about mean return of the portfolio you also want low variance because higher variance means larger drawdowns which reduce compounding growth. Thus we are striving to be both mean and variance optimizers with our portfolios. I will dive deeper into mean-variance optimization and Markowitz portfolio theory when I cover Ray Dalio and risk-parity investing, but for now just remember more variance bad. + +So if we realize there’s a recency bias among the gurus of r/investing and allocate to both VTSAX and VBTLX are we good? The answer is maybe, if we are in a falling rate environment and the uncorrelation of stocks and bonds holds then that is very likely a good steady compounding portfolio. If you allocate in this way you are making a bet on the correlations of stocks and bonds, and a bet on the macro environment. Recently stocks and bonds have had correlated moves and this is not a clear bet just because it has generally held to be true over the past several decades. + +If you don’t want to take a view on the correlations of stocks and bonds going forward then you need a more complex portfolio that works in a variety of macro environments. In the next installment I will cover Ray Dalio’s All-Weather portfolio as an overview of risk-parity strategies which will attempt to address some of the shortcomings of the Bogle strategy but will still have its own shortcomings. + +Hopefully this wasn’t too boring a post, I plan to cover more active investment styles like George Soros in future installments but wanted to start with the passive popular styles since I see it the most often. +Alright, I don't know precisely how this ties into MOASS, but I do know this subreddit is particularly interested in information about irregular economic activities that indicate we are nearing an economic black swan event. + +I noticed something particularly odd today... something that I know almost NO ONE is paying attention to. + +**The Federal Reserve has quietly accumulated $164B worth of the IMF's international currency called the Special Drawing Right, or SDR.** + +Source: [https://www.federalreserve.gov/data/intlsumm/current.htm](https://www.federalreserve.gov/data/intlsumm/current.htm) + +# So wtf is an SDR? + +SDR's are the currency that the IMF used and still uses to bailout countries. You may recall that the IMF was bailing out countries like Greece and Ukraine a few years ago, and the news stories were always reported in "*bailouts worth X billion USD*". I have been paying attention to SDR's ever since the day I decided to dig a little deeper and figure out who was actually paying for all those bailouts. Turns out the IMF was not sending these countries greenbacks, they were instead paying them in SDR's. + +These SDR's were once a unit that was backed by physical gold, but in recent history they have been reformed and they are exchangeable for a basket of fiat, which is reflective of the global economy. + +Currently the SDR is backed by a combination of the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. + +You can read more about the Greece SDR payments here on trusty Wikipedia: [https://en.wikipedia.org/wiki/Greece\_and\_the\_International\_Monetary\_Fund](https://en.wikipedia.org/wiki/Greece_and_the_International_Monetary_Fund) + +And you can read more about the IMF's public information about SDR's here: + +[https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR) + +# Why does it matter? + +In my experience, SDR's and their use are NOT widely discussed or even known about by ANYONE ANYWHERE, so I encourage you to do your own research. + +That being said, I am personally of the opinion that despite the way the IMF talks about SDRs "not being a currency", the SDR is in fact a de facto global currency... because they create them and then use them to give countries money. + +Given their history of being used to bail out nations, SDRs are the ultimate backstop for the global economic system. + +I also personally believe that every single global government was on a mathematical path to long term insolvency, BEFORE the pandemic. The fact is that they ALL spend more money than they bring in, and that math doesn't lie. + +The question then remains, what would happen when it comes time to pay the piper? + +I am firmly of the OPINION that the response to a real global economic shit storm will be to bail out entire nations and their central banks. And I am firmly of the OPINION that this will be done by the IMF using SDR's. + +Remember when the governments had to bail out the banks? Well who bails out the government next time? The IMF. + +How do they do it? SDRs. + +So I wonder why the Fed suddenly own $164B worth of em. + +# TLDR? + +**The Fed is quietly loading up on an international currency that will be used to bail out the world after the mother of all shit storms.** + +&#x200B; +Hi everyone, + +I’m looking for some analyst reports free or ones I can subscribe to. I’m not interested in any signal provides strictly just fundamental/technical analysis. If you use any website similar to forex factory please share as well, I think it would be very beneficial for a lot of the traders here including my self. + +Thanks and happy trading. +At the time I'm writing this, SNAP is up 59.18% in AH trading due to earnings. That's insane! Like yes ok they made profit for the first time but does that REALLY justify 60 friggin percent move????? + +Likewise Facebook losing net users for the first time, does that *really* justify an overnight 20% dump? These are not penny stocks, they're big tech and these moves represent huge changes in market cap. + +What the hell is going on? +Many of you noticed I made a snazzy powerpoint to use during the Lucy K AMA today, but didn't get to use it due to technical difficulties. So even though it's not the same, here is the bulk of what was intended for the interview, including Lucy's written script. Knowledge is Power! 💪 + +https://preview.redd.it/g8nivrt6l6171.jpg?width=677&format=pjpg&auto=webp&s=60102104cecd6de43dfc9d914a4525be62e1f80b + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Lucy Komisar AMA Part 2 [(Link here)](https://www.youtube.com/watch?v=wuPizlDY0Ys&t=22s) + +# Topic of Discussion- The SEC + +&#x200B; + +[Securities and Exchange Commission](https://preview.redd.it/p98qxh2476171.jpg?width=180&format=pjpg&auto=webp&s=463cc9d081a8fa5a35b8828dd41b6121dd2737ec) + +**THE SEC for Superstonk- Script By Lucy Komisar** + +*When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”* — Frédéric Bastiat, 19th century French Economist + +**How the SEC was created** + +One reason for the stock market collapses in 1929 was watering stock. A meme went “he who sells what isn’t his’n must pay it back or go to prison.” Traders would print up counterfeit stock certificates. Sound familiar. Naked short selling. The crash that started the depression. + +&#x200B; + +[Ferdinand Pecora](https://preview.redd.it/l346v5i456171.jpg?width=470&format=pjpg&auto=webp&s=dbf1ac2b34080b60690ed448ed917fbce742f990) + +**1932 Ferdinand Pecora** was an immigrant working class kid from Sicily who put himself through New York Law School. He was hired in 1932 by the Senate Banking Committee to investigate the causes of the crash, to do a whitewash, but he didn’t get the memo. His hearings exposed such practices as pools to support bank stock prices. Such as Let’s all coordinate trades to pump up the stock. Sound familiar? GameStop? National City Bank (now Citibank) had hidden bad loans by packaging them into securities and selling them off to unwary investors. Sound familiar? Mortgage-backed securities that tanked? And that the bank sellers knew would tank? + +The findings of the Pecora Commission exposing corruption of the financial industry let to public support for regulation, -- it took really dirty stuff to move the pubic -which would be the Glass–Steagall Banking Act of 1933, the Securities Act of 1933, and the Securities Exchange Act of 1934. That last set up the SEC. + +Franklin Roosevelt appointed Joseph Kennedy (father of Jack and Robert) SEC chair. He had built the family fortune on financial manipulation, but Roosevelt thought he knew where the bodies were buried, who the miscreants. So the SEC cleaned up the Wall Street stables for five years. Then Kennedy’s buddies of the financial oligarchy took charge again, in early regulatory capture. + +Pecora wrote a memoir, Wall Street Under Oath. He said: "Bitterly hostile was Wall Street to the enactment of the regulatory legislation." What, the thieves don’t want rule of law? About disclosure rules, he said that "Had there been full disclosure of what was being done in furtherance of these schemes, they could not long have survived the fierce light of publicity and criticism. Legal chicanery and pitch darkness were the banker's stoutest allies." Think about who are their allies today. + +&#x200B; + +[Irving Pollack- Father of the SEC Division of Enforcement](https://preview.redd.it/kulo5kk756171.jpg?width=354&format=pjpg&auto=webp&s=89e834a1f13f04b2d889fdc66e9156d0bab67db1) + +&#x200B; + +**1985 Irving Pollack** + +Fast forward about half a century. With the support of friends in Congress, Wall Street has neutered the securities acts by assuring the SEC would not enforce them. It made sure its foxes were guarding the henhouse. But the corruption was sometimes inconvenient. In 1985, the National Association of Securities Dealers, now FINRA, which represents the brokers, hired Irving Pollack, a former SEC commissioner who was honest, to look at short selling. Among his report’s proposals: reporting of short interest – the amount of short sales not yet covered -- should be public and perhaps more frequent. A borrowing for delivery in broker-dealer transactions should be required. A mandatory buy-in should be adopted for a delivery after a reasonable period when there has been a fail. That means the broker for the buyer who hasn’t gotten the shares can buy them on the market and charge the short seller’s broker. There should be surveillance of large short-interest positions, shorts not yet covered. + +Did the SEC adopt these proposals with enthusiasm? Obviously not. Short interest is not reported frequently. Broker dealers “locate” instead of borrow or they use counterfeit shares. There’s no buy-in. Buy-ins were allowed but not required. And Leslie Boni, an academic who in 2004 did a paper for the SEC on buy-ins said they were rare. But requiring buy-ins would make the stock go up, the shorts lose money. + +And there was no surveillance of large short-interest positions. + +In fact, corruption would be increased thanks to friends of Wall Street president Bill Clinton and his collaborator Treasury Secretary Robert Rubin (formerly of Citibank) who in 1999, killed the Glass-Steagall Act which had separated investment banking from retail banking. Retail banks till then could not use depositors' funds for risky investments. Only 10% of their income could come from selling securities. + +That sets the stage for the last few decades. + +**2004** RegSHO set up to fail + +The SEC, battered with complaints, in July 2004 promulgated Reg SHO, SHO for short selling. The hedge funds and big brokers who had been or would be shown to be illegally shorting all lobbied against it. It was a tepid reform of short selling that was Swiss-cheesed with loopholes. Think of Al Capone writing the tax laws. (On the other hand, his crooked progeny do write the tax laws!) Reg SHO would be implemented in 2005 + +The SEC knocked out a proposal for penalties for failing to deliver. + +And it wrote two giant exceptions into Reg SHO. Ex-clearing and market makers. + +The rule didn’t apply to ex-clearing, which means clearing outside the DTCC, The Depository Trust Clearing Corporation, the national stock clearing company. (Yes, it’s a private company owned by the broker dealers) It applied only to trades going through a registered clearing agency, i.e. what got sent through the DTCC. It said ex-clearing was “rare.” + +Sales that avoided clearing agencies could fail – not be delivered -- without buyers’ brokers reporting the fails to the DTCC or buying in, requiring the short sellers broker to buy shares on the market and deliver them. To protect short sellers and avoid Reg SHO, dealers went ex-clearing. They either cleared internally or with a cooperating broker-dealer or they went through dark pools. They were private exchanges set up by the big prime brokers and banks. + +The major perpetrators are the large banks, doing it for large clients, hedge funds, or their own accounts. If they can do the transaction privately \[ex-clearing\], RegSHO doesn’t apply. Now about 40% of trades go through dark pools. *If a trade failed ex-clearing, it didn’t fail at the DTCC!* + +Reg SHO also didn’t apply to derivatives, the financial casino bets acknowledged as a prime cause of the current economic crisis and which also did not trade through a clearing house. + +Even stocks that cleared through the DTCC were not always covered. The brokers got a “grandfather clause” that allowed existing fails to continue! Because we know that brokers simply rolled them over. And brokers didn’t have to close out the shares they had sold short before the stock went on the Threshold List which includes shares that for five consecutive settlement days had fails to deliver of 10,000 shares or more at a clearing agency and where the level of fails was equal to at least one-half of one percent of the issuer’s outstanding shares. + +Then brokers were subject to mandatory covering only on the fifth day. Then the broker-dealer had 13 days to deliver the shares to the buyer or lender, and if it failed to do so, it could not trade that stock until it did. But the SEC knew, because staff wrote a paper on it, how options conversions allowed brokers to put off fail dates forever. + +**MARKET MAKERS** + +RegSHO allowed an options market maker exception, called after the person who designed and pushed for it: the Madoff Exception! (Did I say the crooks wrote the rules?) + +&#x200B; + +[Bernie Madoff, who died in prison in Apr 2021](https://preview.redd.it/ndifb6fvk6171.png?width=1482&format=png&auto=webp&s=4b96285ed2e17c6fa057802f34861c4c532400c0) + +In prison in 2012 Madoff told Forbes journalist Diana Henriques: “I fell into my crime of staying Naked Short. The fact that the prosecutor and Trustee seemed clueless of this is why my frustration is so great.” Clueless, or complicit? You just don’t go there. + +The SEC in 2007 eliminated Uptick Rule that requires short sales to be conducted at a higher price than the previous trade. Not helpful if the purpose is to batter down the stock price. It was never enforced. + +2008 **Stock lending and taking care of the banks** + +According to the SEC Office of Economic Analysis (2008) Reg SHO in effect since 2005 had not reduced outstanding fails. Many stocks remained on the SEC Regulation SHO Threshold List for hundreds of trading days + +For years, the SEC claimed naked short selling and fails to deliver were not a problem. Once things began to go sour in 2008, the first thing the SEC did was ban naked short selling in 17 financial stocks plus Fannie and Freddie. It was ironic, since the big banks/brokers had been carrying out the scam on others. Hoist on their own petard. + +And they chose the solution that people battling naked short selling had advocated for years. A July 2008 order said no traders could make trades involving those institutions unless they had pre-borrowed the security or otherwise had it available in their inventory. They had to deliver the security on the settlement date. Borrow shares before you sell them short. Stop the counterfeiting. All the regs that came out were because naked shorting, the counterfeiting of shares, was undermining banks. The SEC went from nothing is happening till the fall of 2008 that the market coming apart because of naked shorting. They chose the solution that people battling naked short selling had advocated for years. Borrow shares before you sell them short. Stop the counterfeiting. + +The SEC said it was investigating the collapse of Bear Stearns. It had been massively naked shorted. The SEC didn’t come up with anything. + +&#x200B; + +[Ted Kaufman- former US Senator, Delaware](https://preview.redd.it/jca68d5g56171.jpg?width=330&format=pjpg&auto=webp&s=741e78b0f0b0ac9ab85b0f27f872316eabbca976) + +&#x200B; + +**2009 Kaufman and the hard locate** + +A little-known backstory involved former Delaware Senator Ted Kaufman who ran Biden’s post-election transition team. It shows how big stock market players and the institutions they control have blocked attempts to deal with naked short selling. Kaufman was Biden’s longtime chief of staff, and was named to the Senate seat vacated by his boss when Biden became Barack Obama’s vice president. + +After the 2008 market meltdown that included abusive naked short selling of Bear Stearns and Lehman Brothers, Kaufman, a Democrat, and Georgia senator Johnny Isakson, a Republican, introduced legislation that directed the SEC to write regulations to end the practice. They determined that the SEC’s current regulations were unenforceable. Hedge funds could spread rumors, do massive shorts without locating stocks, and deliver after the prices dropped. + +In July 2009, Kaufman and six colleagues from both parties wrote to the SEC, proposing a “hard locate” plan that would ban all short sales unless the executing broker first obtained a unique identification number for the shares, perhaps through an automated centralized system. This would prevent multiple short sales on the basis of a single share. + +According to Jeff Connaughton, then Kaufman’s chief of staff, months before the letter, “the DTCC (the national stock clearing agency) had gone to the SEC with a proposed solution to naked short selling that looked like Kaufman’s solution, with the DTCC creating a centralized database that would prevent the same shares from being used for multiple short sales. + +The DTCC told Connaughton, ‘We got pulled back.’ They meant, he said, by their board, by the Wall Street powers-that-be.” Because in the case of the DTCC as well as the SEC, the fox is guarding the henhouse. + +In 2009 staffers of the Senators met with the SEC’s Enforcement Division to find out the status of its investigation into the naked short selling of Bear Stearns and Lehman stock. SEC lawyers told them they’d have to be patient and that the investigation would take at least another year. It never happened. + +&#x200B; + +[Ted Kaufman as long time advisor to the current President](https://preview.redd.it/m6a9h2jl56171.png?width=263&format=png&auto=webp&s=4074499e1301f9ad2712d1a806d20a0383873fa2) + +**2010** Kaufman continued to try to fight naked short selling in the Dodd-Frank debate. SEC had been ordered by the Dodd-Frank law of 2010 11 years ago to require more transparency in short selling and stock lending. It has ignored it. + +There were some alleged improvements made that year, 2008. + +The market makers exemption was eliminated, because the SEC said substantial levels of fails had continued in Threshold securities, and a significant number were the result of market maker exceptions. But they still had 6 days to settle their trades. So you have market makers failing and rolling their shares over every 5 ½ days. + +The grandfather provision on Threshold securities was eliminated. Unless its position in Threshold securities was closed, a broker-dealer couldn’t effect further shorts in them without borrowing or arranging to borrow the securities. Don’t worry, they finessed that. + +The amendments addressed fake borrows. It said that where a broker-dealer entered into an arrangement with another party to purchase or borrow securities, and the broker-dealer knew or has reason to know that the other party would not deliver securities in settlement of the transaction, the purchase or borrow would not be *"bona fide.”* + +It repeated that: “The NSCC - clears and settles the majority of equity securities trades conducted on the exchanges and in the over-the-counter market.” + +So the rules still didn’t apply to ex-clearing and dark pools. So the ex-clearing route to naked shorts was protected. fails could be concealed at the start by ex-by not reporting them to the NSCC, the National Securities Clearing Corporation. + +In fact, the dealers could use ex-clearing to opt out of fails from trades through the exchanges. They could take them onto their own books and deal with the fails as they chose to, meaning do nothing, let the fails sit\*.\* + +And protecting the interests of the big banks/brokerages, the SEC did not include a hard locate requirement in its amendments to Reg SHO. + +But the SEC occasionally takes enforcement actions that go after low-hanging fruit, ie don’t bother anyone significant or don’t order more than minor penalties, the cost of doing business. + +**2003 Sedona/Badians** + +The Sedona case, where the Badian brothers ran a death spiral financing scheme that in 2001 involved providing a loan that would be repaid in shares. And then it did a massive shorting attack that knocked down the price of the shares from $6 to 20cents. the SEC in February 2003 filed a complaint against Thomas Badian and his company, Rhino, for fraud and market manipulation of Sedona shares. Badian and Rhino immediately settled with the SEC for a $1-million fine without admitting or denying guilt. The $1 mil was a pittance, cost of doing business. + +In 2006, the SEC filed a civil suit against Andreas Badian, four officials of Pond Equities and a trader at Refco, all involved directly in the naked shorting, but not against Ladenburg, the high-profile broker-dealer that facilitated the deals and collaborators. + +&#x200B; + +https://preview.redd.it/fqrt6qam66171.jpg?width=960&format=pjpg&auto=webp&s=f91e36651dc8f18ba0e83a6e77d3bc079b718f3c + +&#x200B; + +**2005 Eagletech** + +Eagletech, which had an invention, new at the time, to push phone calls to other devices. letting people to usee a single phone number that followed them from phone to phone. He became a target of a group of death spiral financing criminals working with Salomon Smith Barney in New York five Salomon officers and a group of investors offering to buy convertible preferred shares from Eagletech for up to $6 million + +They did a pump up and then naked shorting so the stock dropped from $14 to 75 cents, reducing the market value by $113 ml. The stock went to 2 cents. The FBI was investigating. They busted 17 members of organized crime, including the crooks that ran the scheme against Eagletech. + +**SEC filed suit** against Serubo, Labella and organized crime collaborators who ran the corrupt operation that got control of stock of Eagletech. It said they generated in excess of $12.7 million from the sale of Eagletech stock. Members of his Salomon Smith Barney financing team and their options market-makers in Chicago were selling shares and then failing to deliver. + +Serubo, Labella and organized crime collaborators would be banned from penny stock trading and pay back the ill-gotten gains and fines. I couldn’t find any penalties against the Salomon Smith Barney team or their options market maker collaborators. + +Then the SEC filed suit against the victim, Eagletech, to deregister its shares because it couldn’t afford several hundred thousand dollars to file audited financial reports. The delisting is like a bankruptcy, all investors are wiped out and the naked shorters never have to cover. The SEC finished what the mob started, it killed the company. + +**2007 Goldman** + +From at least March 2000 to May 2002, that’s more than 2 years, certain customers of Goldman Clearing used the firm's direct market access, automated trading system to unlawfully sell securities short in advance of follow-on and secondary offerings when they could get the shares cheaper. + +Although they were selling the offered securities short, used Goldman Clearing's direct market access, automated trading platform, the REDI System, preparing their own orders to sell on computer terminals and falsely marked them “long.” The orders were routed directly to the New York Stock Exchange and other markets for execution. + +Goldman Clearing's own records contained information that Customers were selling securities short and that they were misrepresenting their “short” sales as “long”. Goldman Clearing's records showed that the customers were repeatedly failing to deliver to Goldman Clearing the securities that they purported to sell long. + +So for two years of allowing shorts to be marked longs, Goldman had to pay civil money penalty of – wait for it -- $1 million + +**2012 SEC v OptionsXpress** + +OptionsXpress, a wholly-owned subsidiary of Charles Schwab repeatedly engaged in sham transactions, known as “resets,” designed to give the appearance of having purchased shares to close-out an open failure-to-deliver position while in fact not doing so. + +OptionsXpress had its customers buying shares and simultaneously selling call options that were the equivalent of selling shares short. The purchase of shares created the illusion that the firm had covered the short; however, the shares were never actually delivered to the buyers because on the same day, calls were exercised, effectively reselling the shares. The purpose was to perpetuate an open short position. + +In 2009, the six optionsXpress customer accounts bought $5.7 billion worth of securities and sold short approximately $4 billion of options. They did this to a couple of dozen companies. In January 2010, the customers who did the scam accounted for 48% of the daily trading volume in Sears. In the end OptionsXpress had to pay $4 million. Cost of doing business. + +&#x200B; + +[Gary Aguirre- Former Investigator for SEC & Whistleblower](https://preview.redd.it/si49uknr56171.jpg?width=206&format=pjpg&auto=webp&s=56bf1d0512b8fdfc9e42c662d506fd8bc85c821f) + +&#x200B; + +**The insiders tell the SEC corruption** + +The story of Gary Aguirre says it all + +As a student at Georgetown Law School, Aguirre got a prize from the SEC for paper on Wall Street corruption as detailed in the Pecora hearings that led to passage of the Securities Act of 1933. So we know where he stands. In September 2004, he started as a senior counsel at the SEC Division of Enforcement. He said, “I understood what SEC was supposed to be doing: keep Wall Street from running amok. The SEC in July had promulgated Reg SHO, which it said would stop abusive naked short selling. He recalled, “The first thing I noticed is there seemed to be a deference to the large law firms who represented Wall Street players. And there were a lot of people there not at the same skill set level as the attorneys representing some of the players from Wall Street. + +Aguirre was assigned to an investigation that implicated a powerful Wall Street insider. John Mack had been head of the hedge fund Pequot Capital Management. The suspicion was that Mack had tipped Pequot’s then CEO, Arthur Samberg, of General Electric's pending acquisition of Heller Financial. Mack was the only suspect. Without that investigation, the SEC would never be able to even consider the filing of insider trading charges against Mack, Samberg, Pequot or anyone else arising out of Pequot’s trading in GE and Heller + +Aguirre refused to stop his investigation; Senior officials within the SEC's Division of Enforcement blocked an SEC subpoena seeking Mack’s testimony and records in the investigation. Aguirre had contacted the Office of Special Counsel to discuss the filing of a complaint about the SEC’s protection of Mack. Three days later, while on vacation, Aguirre was abruptly fired without warning on September 1, 2005, he was fired by phone. + +An SEC official told him it would be very difficult to take Mack's testimony because of his political influence. He told him that Mack was "an industry captain," that he had powerful contacts . . . , that Mary Jo White could contact a number of powerful individuals, any of whom could call Linda about the examination. Mary Jo White was a lawyer at a Wall Street firm, Linda was Linda Thomsen, the head of enforcement. Aguirre confirmed the conversation in two e-mails to the official the next morning. The first email referenced Ferdinand Pecora. + +Aguirre gave key papers to Charles Grassley on the Senate Finance Committee. And to the Judiciary Cmte. There were hearings in 2006. + +He told Congress that an SEC official told him it would be very difficult to take Mack's testimony because of his political influence. The official told him Mack was "an industry captain," that he had powerful contacts . . . , that Mary Jo White could contact a number of powerful individuals, any of whom could call Linda about the examination. Mary Jo White was a lawyer at a Wall Street firm, Linda Thomsen was head of enforcement. + +He said the SEC “favor” to Mack cleared the way for his return on June 30, 2005, as Morgan Stanley’s CEO with no danger of an SEC lawsuit for insider trading. Mary Jo White would become chair of the SEC 2013 to 2017, appointed by Wall Street’s favorite guy, Barak Obama, who apparently didn’t know the Aguirre story. + +Later David Kotz, the SEC's inspector general, said he had found evidence that "raised serious questions about the impartiality and fairness" of the SEC's investigation of possible insider trading at the Pequot Capital Management hedge fund. + +Kotz also condemned what he called the "common practice" of giving outside lawyers' clients access to high-level SEC officials when they had complaints about front-line investigators. Kotz made numerous recommendations for reform, which the SEC ignored. + +Aguirre sued the SEC and won ¾ of million $ in back pay and damages. + +Mack, after being CEO Morgan Stanley, became CEO of Credit Suisse, then chair of Morgan Stanley and now is senior advisor to the global investment firm Kohlberg Kravis Roberts, whose strategic partners are hedge funds. + +&#x200B; + +[Mark Fickes](https://preview.redd.it/odru363cqa171.jpg?width=200&format=pjpg&auto=webp&s=852f95acbb1d5354e65c9f6b1fc32c131c93a32a) + +&#x200B; + +**2005 Fickes and Overstock, Chris Cox** + +Here’s another case of an SEC staffer who tried to do the right thing but was pulled back. In August 2005, Overstock.com filed suit against hedge fund Rocker Partners and the equities research firm, Gradient Analytics saying they illegally colluded in short-selling the company while paying for negative reports to drive down share prices. + +Byrne took his information to the SEC. Mark Fickes of the SEC San Francisco office. He said, “Look at the patterns, their stocks are naked shorted by Dan Loeb, David Einhorn, Steven Cohen, David Rocker. \[Look at\] the dates journalists Bethany, Boyd, Remond, Greenberg wrote trash jobs. \[that was Bethany McLean writing for Fortune, Carol Remond for Dow Jones, Roddy Boyd for the NY Post, Herb Greenberg for MarketWatch\] Byrne said, “It was the same pattern, each one of these one of these journalists writes a hatchet job, there is naked shorting, SEC action begins against them, and the Milberg Weiss lawsuit. In every case, it’s part of same bum rush on the stock.” + +Byrne argued that Gradient, an investment advisor which was putting out fraudulent reports the shorters used, should be investigated – and that the journalists were central to his case. The subpoenas were issued to Carol Remond and Herb Greenberg to provide information about conversations that they had with stock traders and analysts. + +Fickes issued the subpoenas with the approval of the SEC’s head of enforcement, Linda Thomsen. It was announced that the SEC was investigating Gradient and had issued subpoenas to Carol Remond, Herb Greenberg and to Jim Cramer of TheStreet. David Rocker sold his shares in TheStreet. A month later Cramer sold some of his shares. + +Bryne: “Jim Cramer gets a subpoena; you have three days to disclose it. He knows TheStreet will crater, he can’t just go sell it with undisclosed material information. He can get a plan to sell x amount per quarter after he gets the subpoena. TheStreet broke under a dollar.” + +“Why would a hedge fund guy have an interest to own a financial publication? Cramer discloses in his books stuff that is widely illegal. Protection for journalists is about protecting sources about stories they are writing, not about their own corrupt market manipulation.” + +The question is whether freedom of the press extends to reporters whose articles are part of illegal naked short selling scams. Fickes wanted to know. + +&#x200B; + +[Chris Cox- Former SEC Chair](https://preview.redd.it/s650tr5z56171.jpg?width=330&format=pjpg&auto=webp&s=e085154954818611d3c78b7b0ed95a00a02303c7) + +&#x200B; + +He was summoned to Washington to meet with the new SEC chair, Cris Cox. Ultimately, Byrne said, the SEC caved under the media pressure. Cox killed the subpoenas and the SEC dropped its investigation of Gradient. Cox was SEC chair when Gary Aguirre was fired. + +**What should the SEC do now? Solutions are there if it wants to protect investors, not do as it is told by the big broker-dealers.** + +* Require buy-ins. Require the broker of the investor who doesn’t get shorted stock delivered to buy it on the market and charge the seller’s broker. Of course, requiring buy-ins would make the stock go up, the shorters lose money. +* Restore the uptick rule so shorters can’t sell for less that the last shorted trade. That would stop shorters hammering a stock down to bankruptcy. +* Create a consolidated audit trail (CAT) to collect order and trade execution information to identify and enable punishment of illegal trading activities, including naked short selling. More than a decade after the SEC promised it, following the 2010 flash crash, CAT doesn’t exist. +* Impose real penalties on transgressors, like loss of license. +* Send cases of serial trading cheats to the Justice Department for criminal prosecution. +* End the revolving door with Wall Street. +* What will Gary Gensler do? And will he listen most to the pushback from the big brokers or investors like people on Superstonk? + +&#x200B; + +[Gary Gensler- Current SEC Chair](https://preview.redd.it/8x1el37566171.jpg?width=988&format=pjpg&auto=webp&s=296865c7cefe2fbb38b2ce25f4e6730bb498fa2a) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Questions + +https://preview.redd.it/wwox8t4896171.jpg?width=998&format=pjpg&auto=webp&s=01378e780fc8c6f174a6c840b76132b2b9e33c1e + +* You mentioned in your last interview that NSS has been going on for a very long time, but that it ends with Gamestop. Can you clarify further *how* you see this ending with Gamestop? + +\>LK: I meant the story I tell in the book I am writing ends with GameStop. NSS goes on. + +https://preview.redd.it/x8tcjb0m96171.png?width=1234&format=png&auto=webp&s=051d06480a45392f1cf48bd7579fc85a6f609447 + +* Understanding that this is an unprecedented situation, we would simply like your personal opinion: Do you think that Wall Street/ US Gov't could/would pull some "trickery" to prevent the short squeeze from happening? What rules are they unable, or unwilling to break? + +\>LK: We saw in GameStop trickery using dark pool trades of single shares. We know -- even the SEC admits -- that brokers create fake options conversions shares. They will break every rule, helped by the SEC which chooses not to enforce or orders mild penalties. + +[now i want to play stardew valley](https://preview.redd.it/6prc9two96171.jpg?width=1079&format=pjpg&auto=webp&s=5901203d74c13d3f0177dc484a6838a6b62a12e6) + +&#x200B; + +* What is your recommendation for finding a trustworthy, easily digestible news source for those of us who "don't have the time" to watch full hearings or read full bills? + +\>LK: Depends on the subject. An aggregator I like is Naked Capitalism which has a lot of economic stories. The Daily Poster of David Sirota. I think the American Prospect that ran my NSS story is good. You have to try various online media to find the ones that do what your asking. + +&#x200B; + +[ ](https://preview.redd.it/iosfnjcv96171.jpg?width=1080&format=pjpg&auto=webp&s=dc409dc5f02241f1aa8d009096fcb65758e029a9) + +*For clarification- The Hearings will be held: by U.S. Senate Committee on Banking, Housing, and Urban Affairs on May 26, and by the U.S. House Committee on Financial Services on May 27.* + +* Congress has 2 hearings scheduled this week that are bringing megabank execs up to testify. In your opinion, will the correct questions be asked, or do you believe this is just political theatre? + +\>LK: It's political theater. This is the same congress that has not reinstated the Glass -Steagall act of 1933 that separated commercial and investment banking, meaning keeping depositors' money from being used for banks own investments. thanks to Bill Clinton and Robert Rubin, the friends of Wall Street. You can tie the 2008 crash to that. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Thank y'all again for being so awesome through technical difficulties!! The show must go on, right? + +&#x200B; + +# Thanks again to Lucy Komisar for joining us for a second time. Lucy will be back next Wednesday to speak with Wes Christian. Details to come in tomorrow's Jungle Beat! Be sure to follow u/theJungleBeat so you catch the latest news from around Superstonk, every day at market close! + +&#x200B; + +# I did speak to Lucy on the phone tonight and we agreed to both have a glass of wine in honor of Supertonk. And she said she will be sure to charge her iPad ;) 🥂 +Im a mid-twenties college drop out living on his parents couch that was producing an economic value of 0$ only positive thing was that I have zero debt. + +I recently landed a 6 figure salary though, so my first is question is should I continue bumming it out for a year so I can save/invest? + +Im already planning on maxing out roth contribution, 25% into common stock, 5% for future contracts. + +What else do you guys think I should do to maximize the situation I am currently in? + +Edit: Thanks everyone for the advice so far!! Ill respond to the rest after I leave the office aha! +have a couple of frustrating conversations while looking for some financial guidance and i can't really find what i'm looking for re: financial planning. maybe someone here can help? + +am looking for a planner who provide some guidance for my semi-retired situation:: take my age, my income, my assets, my debts, my monthly expenses etc etc and any other pertinent details and simulate some basic scenarios for someone in my situation such as when to take Social Security, pay off my mortgage now or later, how much side income might i need given my expenses, how much i need my investments to generate etc etc. don't need specific investment advice and i am comfortable managing and investing my money. + +am happy to pay by the hour or by the plan for the info (up front, if necessary)....and i'd really prefer to remain anonymous (i don't see why that would be a problem - i provide a specific set of circumstances and a planner develops a plan based on the those details). is there anything like out there? + +edit: thanks for the replies, all. should have left out the anonymity part - was more of a distraction than anything else. my situation is relatively simple and my questions are pretty basic (when to take SS, when to pay off the mtg, when to tap the investments etc)...but tying all the interlocking pieces together into a plan, without paying for hand-holding, investment advice, or additional financial products is harder than i thought it would be. Thanks again for taking the time to reply! +Link to goverment site https://www.simpleenergyadvice.org.uk/pages/green-homes-grant + +What is the Green Homes Grant? +Homeowners and landlords in England can apply for a voucher towards the cost of installing energy efficient and low-carbon heating improvements to homes, which could help save up to £600 a year on energy bills. + +The government will provide a voucher that covers up to two thirds of the cost of qualifying improvements to your home. The maximum value of the voucher is £5,000. You may be able to receive a higher level of subsidy if you are a homeowner and either you or a member of your household receives one of the qualifying benefits, covering 100% of the cost of the improvements. The maximum value of these voucher is £10,000. Landlords cannot apply for the low-income part of the scheme. + +Local Authorities will also be making support available for low income households in their local area through the Green Homes Grant: Local Authority Delivery. More information on participating Local Authorities will be made available on GOV.UK in due course. +Hi! I'am currently 14 years old and wondering if it is worth planning different acconts over my lifetime to take the biggest advantage of interest and shares. I would also appreciate advice on saving for University and a house. 🤠 +I think this subreddit will appreciate this! Here is a spreadsheet system I made for personal finances. Great for calculating expenses and tracking progress on budgets. + +Long-time reader here, seldom posting or commenting; but I've built this template over the last three years from what I've learned. I hope it's helpful! + +&#x200B; + +NO SELF PROMOTION HERE!! Links are to google drive folders/docs/sheets! + +The Annual Personal Financial Dashboard tracks many aspects of your finances. The tabs make it easy for you to be organized, but the real power comes from the easy-to-review charts that are automatically generated. Once you set up your Dashboard the first time, it will become very easy for you to use it regularly to track your finances. + +You will find that it's easy and very thorough. I've built it up by using it to do my finances each week/month/year so let me know if you have any questions about how to integrate it into your life. + +The simple description of the system I've made here is that it is a combination of two documents and a spreadsheet. The spreadsheet is for recording your finances and budgeting. The documents are (1) a resource document with instructions and (2) a Financial Fitness Report with routines to improve financial fitness. The best way to use this system is with Google Drive, Sheets, and Docs. Those programs are easy to learn to use and are secure. + +Don't be intimidated! The spreadsheet is nicely formatted for viewing and printing and is easy to understand. It's already set for you to copy, with instructions on how to set up. Very useful for monitoring your finances! + +In the instructions, I describe the system so you can learn how to use it regularly, and I provide a checklist of how to set it up for the first time. + +First, here is the google drive folder of everything in the system. To start, view the Annual Dashboard Set Up instructions document (and copy to your drive or print). You can follow the instructions to set up your copy of the Annual Personal Financial Dashboard (template). + +Folder with everything + +\>> [https://drive.google.com/drive/folders/1uXUfJUlsaeGStn2rJakLXhb-hrGjgfpS](https://drive.google.com/drive/folders/1uXUfJUlsaeGStn2rJakLXhb-hrGjgfpS) + +Instructions + +\>> [https://docs.google.com/document/d/1u\_pBxgbMppvO1Y4-gg5huufbS5PekfdA96GiadD-JM0](https://docs.google.com/document/d/1u_pBxgbMppvO1Y4-gg5huufbS5PekfdA96GiadD-JM0) + +Dashboard \[template\] + +\>> [https://docs.google.com/spreadsheets/d/13vHglxcJa124mwoDipoUsJ0ZHyXsDBLwqDIG7CKg4Aw/edit#gid=1695479590](https://docs.google.com/spreadsheets/d/13vHglxcJa124mwoDipoUsJ0ZHyXsDBLwqDIG7CKg4Aw/edit#gid=1695479590) + +Follow the Set Up instructions document to make your copy of the APFDashboard from the template. Once you have your copy, it's private to you. + +Also check out the Resources folder for documents, lessons, pictures, and other financial fitness resources I've put together. Please let me know if it's helpful to you! + +**Resources** + +\> Budget Flow Chart & Visualization + +\> Credit debt settlement offer \[template\] + +\> Credit dispute letter \[template\] + +\> Financial Fitness Resources (15 pages of info) + +\> Secrets to the Millionaire Mind (book notes) + +\> The 7 Traits of Millionaires (book notes) + +\>> [https://drive.google.com/drive/folders/1LpCzW1OTy9l3QbTaXjTMm2kxjC-q4M8U](https://drive.google.com/drive/folders/1LpCzW1OTy9l3QbTaXjTMm2kxjC-q4M8U) +My wife and I make about $200k combined and have $140k available (proceeds from selling our last house) for a down payment without dipping into any other savings. We have no outstanding debt of any kind. + +By our math we can afford a house up to about $650k and even $700k if it's PERFECT (no renovations or major work of any kind in the first 5-10 years). + +We're looking for outside people to confirm to us we're not crazy. Obviously the lender has said, sure you can afford more than that even! But we take that with a big grain of salt. + +Thoughts? Are we right on the rough numbers here? +This is just pure speculation. Have no proof. Just feel like I know papa ape too well and he's calling the shots obviously. Look for some good news to come out tomorrow. Comment below what you would love to see!!! + +I personally would love to see a acquisition offer of slgg or possibly a dividend offer. No doubt these 2 would be the shot we need. +Edit: Thank you all so much for the thoughtful responses, everyone. I really wasn't expecting all the feedback. Many of your comments have helped me re-think my planning around this a little. While I'm committed to leaving my job, I am open to the idea of generally staying in the industry and working at a job that pays close to what I make now (i.e. up to $30K pay cut below), instead of taking a much lower paying job like I was originally thinking. The strongest itch isn't necessarily to travel or take time off - I'm neutral on that, actually - it's to find meaningful and impactful work, and I'm willing to take a pay cut for that. But you all have made me consider just how much of a pay cut I should be willing to take and how to be most careful with my decision. Thanks again - I will respond to specific responses this weekend! + +Happy to share specifics about my savings and financial strategy so far / any thoughts for what they're worth - feel free to message me privately. + +---- + +Hi there. 25F in HCOL area, with a finance job that pays about $130K before taxes. I’ve been fortunate enough to not have student loans coming out of university, and (personally believe) I have also saved fairly well since I started working three years ago. My total net worth at this point is around $240K, all-in of cash, investments, vested company stock, and retirement accounts. Could probably be higher given my salary, but also feels like an okay place to be so far.. + +I’m thinking about 1) quitting and taking time off to travel, volunteer and reflect on what I want to do; 2) finding a job afterwards that is more satisfying than what I do now - which will likely pay less in a separate industry. Likely I would take 3-4 months off, with another 3 months of buffer to spend actively finding a job. + +I’m torn between wanting the financial flexibility that FIRE provides, and with wanting to have saved properly— and wanting time to properly reflect on my career and decisions I make, and having a job I find meaningful and not just a way to retire early. + +In your view, what are pros and cons to the approach? All feedback is appreciated! +Hey team! I am mostly retired from my business but still need to tend to it on a limited basis. I’m considering buying a small plane for short hops from my vacation home to my office (125 miles) so I can go to work and back same day, 1-2 days per week 6 months a year. + +Considering a Cirrus SR22 or Vision Jet. Several of the instructors at the local airport would be happy to pilot for me and hang around and take me back. I am not planning on getting my own pilot license. + +Has anyone used a small plane like this to “commute” to work? + +Any advice on owning a plane and using it this infrequently vs other options? + +Thanks! +All credit goes to u/ninche60 and u/deepfuckingvalue. Ninche60 doesn't have karma to post, so sharing this info with his approval, as I think it's some really great and different confirmation bias. + +&#x200B; + +Ryan Cohens lawyers + +Olshan Frome Wolosky LLP represented Ryan Cohen with Steve Wolosky, Ryan Nebel and Bachar Mahmoud. + +Shareholder Activism Practice Co-Chair Steve Wolosky is a nationally recognized corporate and securities lawyer who counsels clients in the areas of proxy contests and mergers and acquisitions. Steve has been ranked by Chambers USA as a “Leading Lawyer” (Band 1) in Corporate/M&A: Shareholder Activism category. According to Chambers USA, Steve provides foremost counsel to clients in the market's most significant domestic and cross-border shareholder activism matters. + +Ryan P. Nebel is a corporate attorney focusing on shareholder activism, proxy contests, mergers and acquisitions and corporate governance. + +Bachar Mahmoud is a corporate attorney focusing on shareholder activism, proxy contests, mergers and acquisitions and corporate governance. + +Cohen has some of the best in the world on his team. He’s fighting fire with fire and has the chess board mastered + +[Olshan Law](https://www.olshanlaw.com/) Go to attorney search and read up on these studs + +Ninche60 Edit: I believe in two of their bios it talks about advising hedge funds. To me that screams they can advise RC on what the hedge funds are doing and the best tactics to fight against them. + +Ninche60 Edit 2: Wanted to add I got this info from going back and looking thru DFV’s old tweets. There is some golden info in those old ones if you go thru them. This one in particular he had tweeted about Ryan Nebel being the lawyer listed in on 13F +I know 90% of millionaires made by RE but in today's world of high price and inflation where cash flow is near zip for most markets, would investing today still provide long term wealth like we seen in the past few years or has the boat left for good? +Saw a Twitter [thread](https://twitter.com/rehacks_/status/1523680908783472640?s=20&t=8l8SzIQserVB9XsWD40PVQ) of some guy repurposing his entire 401k way before retirement to buy rental properties. Now making $8k in cash flow income from it. + +I thought it was risky but also interesting at the same time and made me wonder if there are others, who have used unorthodox ways like this. + +Even theoretical ideas are welcome as just food for thought! + +At how many of these boomers dont know how to operate a computer. Seriously WTF?! + +1. Every time maxine unmutes it creates a horrible echo, like for fucks sake, use headphones if you are running the meeting! Multiple times people would hear themselves while asking questions and lose their train of thought. + +2. How long have we been in this pandemic. For FUCKS SAKE BUY THESE FUCKERS A DECENT MIC, CAMERA AND INTERNET. FUCK! How can the younger generation have flawless audio and high quality resolution while anyone over 40years old looks like a grainy blob with audio cutting in and out. + +3. Great job DFV, much love. You are a true professional and inspiration to dumb money apes across the jungle. IM NOT FUCKING SELLING, IM BUYING MOAR CUZ I LIKE THIS FUCKING STOCK. + +TLDR; GME 🚀🚀🚀🚀💎💎👐🏻👐🏻👐🏻 🦍🦍🦍🍌🍌🍌 +I caught SPRT on Friday when IV was near 500%. I chose a low strike of $15 and premiums still looked attractive to me. If assigned, my net cost basis would be $12.55 which seemed attractive to me. More than likely, I do not expect to be assigned. And even if assigned, I expect to be able to start selling covered calls at that net cost basis. + +Does anyone play with selling CSPs on super high IV stocks? Seems like a relatively safe way if you are pick a low enough strike price. Curious to hear stories from others before I get burned. +Intel (NASDAQ:INTC) reported earnings after hours on July 28, 2022, for Q2. + +EPS: miss – $0.29 non-GAAP ($0.69 estimate), $(0.11) GAAP. + +Revenue: miss - $15.3 billion non-GAAP and GAAP. Down 17% and 22% YoY, respectively. + +Intel cited that Intel’s Client Computing (CCG), and Datacenter and AI Groups (DCAI) were “largely impacted by continued adverse market conditions” and their Network Edge Group (NEX) and Mobileye “achieved record quarterly revenue.” + + + +The CEO had this to say, “We are taking necessary actions to manage through the current environment, including accelerating the deployment of our smart capital strategy, while reiterating our prior full year adjusted free cash flow guidance and returning gross margins to our target range by the fourth quarter. We remain fully committed to our business strategy, long-term financial model communicated at our investor meeting and a strong and growing dividend.” + + + +How do we all feel after this earnings report? Historically the past 4 earnings quarters, Intel beat on both EPS and revenue estimates. After hours, the share price has been hit hard. Are you buying more and still holding Intel as a great dividend paying stock, or have you started considering dumping your shares for an alternative? +Always interesting to see different net worth progressions. 46 professional in MCOL region. Snowball is starting to roll - getting close to FatFire. Following my own guide for 25 years (didn’t know about FIRE) just spent less than we earned and invested the rest. Been lurking on here - no one except maybe my wife really knows this. PLEASE SHARE YOUR PROGRESSION. + +Age 22 - graduation - negative net worth 8k (minimal school debt) + +Age 26 - Net Worth $90k - married at 25 - DINKS - saving for home and retirement - both accounting professionals. Purchase 2 new cars with 0% and .9% financing and commit to keep these cars until we have enough cash savings for the next car. + +Age 27 - Net Worth $100k - purchase home w/ 8.25% mortgage (only buy $235k home when bank was willing to give us $500k mortgage) + +Age 29 - Net Worth $170k - paying down debt aggressively with 2 incomes (wife’s school debt and car debt), continue to max 401k contributions - first child is born. + +Age 30 - Net Worth $295k - down to one income - refinance mortgage - buy used minivan for cash - home appreciates - strong market returns (market was down last couple of years during purchases). + +Age 33 - Net Worth $670k - 401k contributions continue - 2nd child is born - larger home purchased + +Age 35 - Net Worth $515k - stock market crashes - 3rd child is born - home and 401k decrease in value - purchase investment property - continue to max 401k (no reallocation - maintained 100% allocation to equities). + +Age 40 - Net Worth $1.06 million - 17-18 years to reach first million - home prices start to rebound - stock market going up again + +Age 42 - Net Worth $1.4 million - snow ball starts to roll - slightly less aggressive investing (from individual stocks to index funds) - paying down mortgage. + +Age 43 - Net Worth $1.8 million - vesting of some restricted stock - new job - stock market rally into year-end + +Age 45 - Net Worth $2.6 million - continue to save all bonus and restricted stock. + +Age 46 - Net Worth $3.6 million - stealth wealth - minimal lifestyle upgrades - continue to save and invest aggressively - mortgage now only 3% of gross salary vs 17% when we originally bought current home. + +Income has increased considerably which is contributing to net worth but biggest contributor is market gains on past savings and saving 100% of bonuses, options or restricted stock that vests. Temptation to upgrade lifestyle exists at all income levels. However, working towards buying my time which is the most valuable luxury asset (FatFire). + +18 years for first million +4 years for second million +1.5 years for third million +It is extremely hard to be proficient in this field. I myself have less than a handful of strategies. You know how many of them work... Two. The stock market is also cyclical in nature. Just because your strategy doesn't work right now but did before doesn't make it trash. If the market conditions seem ripe return to the tree that bore you fruit last season. +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 +I'm renting a house in South County, Rhode Island and we just got our first oil delivery. They're charging us at least $0.50 more per gallon than the market price right now. They're doing this because my roommate and I are college students and this is our first time renting. How should I approach this? It was a 130 gallon delivery too because the tank hadn't been filled all summer. + +Edit: We couldn't chose our oil company. The property management company told us we couldn't move in until we set up an account with this specific company. + +Edit edit: Wow I get back from work/school to this. Thank you so much for the input! Anyway, it's too late now for this, but it says in our lease that we must only have oil delivered by this one company and we must have auto delivery. This is strange since my landlord has a separate person who maintains the heating system in the house. In other words, the oil company just delivers the oil and doesn't perform service or anything. Anyway, I called some other local companies and the most expensive price/gallon I got was about $2.45. I plan on talking to some of the off campus administration people at my university about this to see what they say, mainly because I'm avoiding studying for this signals and systems midterm. Once again, thank you all so much! + + +Last edit: **I am not comparing the price I was charged to the literal cost of a gallon of oil, I am comparing it to what other companies in the area are currently charging. Thank you to the 8 million of you who said the company needs to profit; I had no idea how Capatilism works.** +Moving into EU from Ukraine. Have around 15k EUR worth of gadgets and 40k worth of vintage lenses. Additionally I’d like to move furniture, clothes, kitchen appliances, etc. worth maybe another 10k. How do I approach this? + +I found a transport for hire, but am worried about the import duties. Say I hire a minivan to transport all my belongings and ride in it myself with the driver to cross the border. I will enter EU through Poland. Will they ask me to pay import as I cross the border? How will they assess the amount? Will they look through all my stuff? + +Would appreciate any advice! +Hello! I am a 21 yo who wants to start investing my savings, do you have any product recommendations that I should invest in? +Thank you so much in advance for all the advice! +Hello everyone. I've been pondering a lot about the state of the world economy, I'm not very educated in the subject, but I get an impression that economic turmoil will eventually hit us, therefore my objective is to become educated on how to invest my money in a way that will minimize the loss of purchasing power in the future. (Assuming that my concerns are justified) + +I have: + +* Around EUR16k in the bank +* €3200 net income, minus monthly living expenses I'm left with €1900 +* No debt +* No outstanding expenses in the foreseeable future +* 26 years old + +What are some ways that I can invest my money appropriately, I've been considering an algorithm/human based platform [ROBIN (Not Robinhood)](https://www.deutsche-bank.de/pk/lp/robin.html?kid=e.0400.00.15&gclid=Cj0KCQjwvYSEBhDjARIsAJMn0lgpoROTvx4Wp1sbl8YR_f8wWuIazPG7BIPGDjLlDINZBMpM6dFeBmcaAiTaEALw_wcB#parsys-columncontrol-columnControlCol2Parsys-text_copy_copy_copy_), I've also been thinking about investing 10% -15% in Bitcoin and holding 5k in the bank. + +(I'm ok with holding my assets for long term 15 years or so) + +&#x200B; + +I would love to hear any advice on the matter. + +Have you been in a similar scenario in your life before? + +How would you invest your money? + +What are some resources that I can look into? + +Does the above give you a clear-ish picture of my economical circumstances? + +&#x200B; + +Thank you for any advice :) +What the title says. We spend about $100k a year. Is this something we could do without having to take on disproportionate amounts of risk, which could result in depleting the capital? Thanks in advance for your opinions. + + +edit: Hi, everyone. I didn't expect this kind of response. I might struggle to respond to everyone, but I will read every comment. I really appreciate such insightful views and perspectives from the folks in this sub. It's very humbling to learn so much from people who have been doing this for a while. The consensus seems to be that I should just find I job (Which I 100% agree with!!), so I will keep at that. I guess I will put those $400k in broad-market ETFs or indexes. Thanks all! +Quick anecdotal story but curious if others have gone through this. + +10 years ago I was in graduate school trying to figure out what to do with my life (again). A really good friend tells me he's joined a startup that he thinks will be big and that I should come too. I ruminate on the idea for a week and decide to stay in school and the area (and not move to SF). + +My buddy leaves the start up after 3 years and I move into my own career. He decides to freelance for the next 7 years and I start climbing the corporate ladder. + +Fast forward to today and that start up is about to IPO netting my friend 4-6mil depending on how the IPO goes. I'm floored, jealous and slightly upset with myself for not taking the risk with him. + +So today I decided to add up my own compensation for the last 10 years and I'm surprised to see that I've earned 3.7 million. + +So here we are, both very fortunate and patient but with two very different stories to tell. + +Anecdotally I have experienced much more lifestyle creep but, and I'm speculating here, I've also been able to settle down and raise a family. My friend plans to do the same but has been waiting for this outcome for sometime. +I’m looking for a mentor to help me with my first 2 or 3 BRRR’s to make sure I can get my ARV over the 30% I need, as well as helping me plan the bridge loan to obtain my first property, and then to pay off that bridge loan. +I started my journey about 6 months ago with an account of about $120,000. I quickly realized I didn't know what I was doing and lost almost 30% of it down to about 85k since then I changed my strategy and started getting in and out of trades with no TA and have consistently made 30-45k per month making 2-5k per day bringing my account back up to around 190k. I have only had 7 days of minor losses in the past 3 monthsI have been doing this by buying and shorting very active stocks many times in one day. + +Most of the time I don't even know whats moving them or what they do.. ( I literally go to yahoo finance and go to top gains of the day and short it on dips and buy it back on the way back up) I read a-lot about these 1:1 ratio's etc.. I don't know what it all means but thinking that if I am becoming consistent I may be able to do this full time! + +Thoughts on my process or lack of process would be appreciated +So I'm 20 and studying finance and international business in college. I have a fair amount of knowledge about the market, enough to understand what is going on but not enough to make nuanced investments with my own money. I've read a few books, browse WSJ/Bloomberg daily, read investopedia and all. + +My dad has given me $50,000 to invest or spend as I wish (he's very wealthy and encourages these sort of things so i get some experience). I'm definitely going to invest it but I really want some advice on how to research a stock, position or a market sector from experienced investors. I don't want to squander the money and don't want to make baseless speculations. + +What research do y'all do before putting your own dollar on the line? + +Cheers and apologizes if it's a repetitive question. +https://finance.yahoo.com/news/warren-buffett-bullish-on-banks-jpmorgan-jamie-dimon-095717582.html + +Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) is bullish on the banks. + +"They’re a business I understand, and I like the price at which they're selling relative to their future prospects," Buffett said in a wide-ranging interview with Yahoo Finance’s editor-in-chief Andy Serwer. "I think, ten years from now, that they’ll be worth more money. And I feel there’s a very high probability I’m right.” +**First update posted at the bottom: 6/6/2022 1:05PM ET** + +**Monday AM edit: Huge thanks to understanding MODs who helped me get this within the rules while also pushing the boundary of the rules.** + +I’m a quiet ape. I’ve been here since before the beginning, watching, buying, learning. I’m not a financial ape, just a humble ape with a knack for patterns and big pictures. There are many epic level DD’s on swaps in general, but I haven’t seen anything on the specific swap RC wants us to find. I wanted to prove the swaps exist. + +Follow me down the rabbit hole to see how far this really goes….. + +Enter Shill Whisperer [https://twitter.com/ShillWhisperer/status/1530623185229586432](https://twitter.com/ShillWhisperer/status/1530623185229586432) + +[https://imgur.com/85mFLzY](https://imgur.com/85mFLzY) + +**A swap exists where “Free float market capitalization (ffmc) between GME and POPCORN. Wherein as long as POPCORN ffmc is greater than GME swap is intact.” In other words, ff GME is greater than POPCORN, someone is having a very bad day.** + +Wow that’s a wild idea! Lets try to prove the existence of such a swap: + +[http://img.picturequotes.com/2/995/994916/your-frame-of-reference-is-what-you-see-quote-1.jpg](http://img.picturequotes.com/2/995/994916/your-frame-of-reference-is-what-you-see-quote-1.jpg) + +What if we looked at this from Market Cap frame of reference instead of stock prices? + +POPCORN MC - GME MC so positive delta is INTACT swap, negative delta is TRIGGERED swap: + +[https://imgur.com/TmwIP5B](https://imgur.com/TmwIP5B) + +The three highlighted dates are when the MC of the two companies cross. Around those dates we should find the key impact factors. + +# September 18th, 2020 POPCORN: $0.61B vs GME $0.62B + +First time GME exceeds and stays above POPCORN. What happened? + +Well this happened 19 days prior: + +[https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01](https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01) + +Did RC kick Ken Griffin (criminal) in the nuts? Maybe, but must be a coincidence. Let’s keep digging. + +January 26th, 2021: The sneeze starts. Approximately 133 days after the swap triggered. + +May 24th, 2021: RC knows something is coming: + +[https://twitter.com/ryancohen/status/1397047791889879041](https://twitter.com/ryancohen/status/1397047791889879041) + +# June 2nd, 2021: POPCORN: $30.07B GME $20.49B + +This is a very large change in MC vs the other two times the swap flips. Not just anyone can move markets to that level that quickly. Remember that. + +What happened: Mudrick buy in (second time) and massive sell off of stock + +[https://imgur.com/R4KM3Im](https://imgur.com/R4KM3Im) + +Driven by a distressed company hedge fund and a capital raise which should have diluted share value ends up causing a massive run? Total share count quintupled (400%) since pre pandemic levels. That’s not good for apes locking a float. Its quite the opposite. Also remember Mudrick for later. + +Also note, GME is leading the run up until the news of financing launches POPCORN. + +\------------------------ + +Edit: Im an idiot and confused 2021 flip and these swaps dated 2022. Ignore crossed out section. But still interesting related link to swaps. + +~~Then just as I’m proof reading this post,~~ + +[~~https://www.reddit.com/r/Superstonk/comments/v5b6gw/a\_large\_swap\_appeared\_a\_shorttime\_27\_million\_usd/~~](https://www.reddit.com/r/Superstonk/comments/v5b6gw/a_large_swap_appeared_a_shorttime_27_million_usd/) + +[~~u/myfirstbanana~~](https://www.reddit.com/u/myfirstbanana/) ~~posts large swaps that occurred on…checks dates in bold:~~ + +[~~https://imgur.com/irRdnGD~~](https://imgur.com/irRdnGD) + +~~WTF!~~ + +\------------------------- + +Now lets think about this from RC’s perspective for a second. Its May 28th. POPCORN stock is moving on hyped news of fresh financing. RC’s big move just got obliterated by the wall street powers that be. He is having a very very bad day. Things were trending in the wrong direction for him regarding this swap. So what does he tweet? + +[https://twitter.com/ryancohen/status/1398454505314959361](https://twitter.com/ryancohen/status/1398454505314959361) + +The swap is going be restored! He’s a dead dumb ass! + +He’s actually sweating his play! He’s literally shitting bricks [https://twitter.com/ryancohen/status/1418751218566918146](https://twitter.com/ryancohen/status/1418751218566918146) [https://twitter.com/ryancohen/status/1410398196610723842](https://twitter.com/ryancohen/status/1410398196610723842) + +and talking about swaps [https://twitter.com/ryancohen/status/1423766191311519747](https://twitter.com/ryancohen/status/1423766191311519747) for months. + +Fast forward to the final Inversion… + +# April 4th, 2022: POPCORN $12.03B GME $12.39B + +Another subtle flip. I wonder what could’ve happened about 2 weeks before: + +[https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:\~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading](https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading). + +No f#@& way. RC Kicked Ken Griffin (criminal) in the nuts twice! No way this is a coincidence now. + +August 1st, 2022: Approximately 133 days after the swap went bad. + +Additional supporting documentation: Is he dancing? + +[https://twitter.com/ryancohen/status/1510818828695052289](https://twitter.com/ryancohen/status/1510818828695052289) + +[https://twitter.com/ryancohen/status/1514297711675256840](https://twitter.com/ryancohen/status/1514297711675256840) + +Swap is intact: November 11th 2021 + +[https://twitter.com/ryancohen/status/1460127511619252230](https://twitter.com/ryancohen/status/1460127511619252230) + +Swap is triggered: May 6th, 2022 + +[https://twitter.com/ryancohen/status/1522669176569188358](https://twitter.com/ryancohen/status/1522669176569188358) + +Multiple apes have pointed out his tone changes around March. + +**To summarize: RC is two for two when buying and causing the swap to sour, and he is signaling good or bad based on the condition of the swap. Further, the only correction of the swap was caused by institutional and insider investors causing a rapid massive swing in delta market cap between the companies.** + +Still trust in POPCORN? Let’s go deeper down this hole…we are only halfway…. + +As a stated above, if this swap theory is true, any support for POPCORN is directly counter to support in GME. Every dollar in POPCORN helps support the swap. Therefore, let me show you evidence of the false retail POPCORN narrative. I’m going to show you every POPCORN movement is driven by those against retail, not retail, and by the swap…. + +First, I was there. I've been lurking in the OG VVSB since purple was hot, the first time. I watched stocks come and go, watched our boy Keith Gill the day he posted his OG DD. Something always felt weird about POPCORN. It seemed to appear from nowhere. It didn’t have that slow ape build up of loss porn before the hit. Something was…different. + +Lets go back to the beginning…if you can find it. That’s odd. + +Sentiment on the OG UUSB was the true measure of retails affection for a stock. If retail drove the stock in those late January days, there should be months of retards buying YOLO options in POPCORN and praising its turnaround. + +Fellow ape [u/elegant-remote6667](https://www.reddit.com/u/elegant-remote6667/) posted his January Ape history with this amazing nugget: + +[https://imgur.com/OtBhMLL](https://imgur.com/OtBhMLL) + +POPCORN is 100% FUD. + +Lets look at the origin of their sub. Notice the creation date? + +[https://imgur.com/miDZTaZ](https://imgur.com/miDZTaZ) + +Go take a quick look at Superstonk’s creation date. Ill wait. + +Then the mods: + +POPCORN MODS: Note the main mods all started post January 27th and the founder is basically anonymous. + +Compare with SS MODS: Note the main mods have older accounts and continue to comment even today. + +[https://www.reddit.com/r/Superstonk/about/moderators/](https://www.reddit.com/r/Superstonk/about/moderators/) + +How about the origin story so carefully maintained in their sub: + +[https://docs.google.com/document/d/1XbuthWit5VUI1nudNV\_SVMK2rPnmsNxFL39crS44ET4/edit](https://docs.google.com/document/d/1XbuthWit5VUI1nudNV_SVMK2rPnmsNxFL39crS44ET4/edit) + +January 25th, 2021: GME starts a sharp upward movement POPCORN lags about 1 day. + +POPCORN releases this as GME begins to moon. + +[https://imgur.com/ldJocUd](https://imgur.com/ldJocUd) + +January 27th 2021: POPCORN sub created by anonymous user. Short user history and no real posts in a long time. + +January 28th 2021: Buy button removed. Take special note that the swap never returns during this time of extreme volatility. + +February 26th 2021 FUD: + +From the POPCORN history on February 26th: + +[https://imgur.com/nqH0wp2](https://imgur.com/nqH0wp2) + +What else happened on February 26th which is bad for retail and should hurt the stock? + +[https://imgur.com/if3Dlwf](https://imgur.com/if3Dlwf) + +The May-June period is interesting for POPCORN. Blending insights from the MC above and looking at POPCORN, the lead up to a June 2nd stock count, there is all sorts of news from all directions helping POPCORN support a run. + +[https://imgur.com/F2PPcsv](https://imgur.com/F2PPcsv) + +This reads a little differently if you consider this event is FUD and bad for retail. + +Here is that press release: + +[https://imgur.com/WasjvwT](https://imgur.com/WasjvwT) + +501,780,240 total shares. Wow that’s a lot. Like almost 6.5X our GME. + +What else happened on June 1st which is bad for retail and should hurt the stock? + +[https://imgur.com/TggPAFK](https://imgur.com/TggPAFK) + +Share dilution. Should be bad, should reduce the stock value. And 100% makes it harder to lock the float. + +Then again on June 3rd: + +[https://imgur.com/Ex7oYsC](https://imgur.com/Ex7oYsC) + +I propose by driving retail sentiment in POPCORN, they could pump the stock price in order to capitalize on stock sales, securing POPCORN enough cash to satisfy their insane burn rate. This in turn pumps the price as fear of bankruptcy are pushed aside. All of this supports the narrative of the swap. + +And just like that the history of POPCORN stock ends. As if its purpose has been served, no longer needed, placed on a shelf of history. + +The swap has been restored. + +However, that isn’t the end of POPCORN. Remember this? + +[https://imgur.com/QUbuBYM](https://imgur.com/QUbuBYM) + +What happened about that same time? + +April 4th, 2022: POPCORN $12.03B GME $12.39B + +Fuck that’s some seriously tinfoil hat shit right there. I think I maybe too far down this rabbit hole…must….keep….going. Still…unexplored…areas…of…the…map. + +What are next steps for the Ape Autist Army? + +We need to find documentation about swaps on the key dates, especially pre-RC buy August 2020. + +September 18th, 2020. June 2nd, 2021. April 4th, 2022. + +Edit: REMOVED + +edit: REMOVED UNIMPORTANT LINE THAT COULD HAVE BEEN TAKEN AS FINANCIAL ADVICE + +RC has now laid the groundwork for an epic two months. We have the split, the marketplace, and finally at the end of July or early August a massive failed swap will settle. The same type of swap that caused the sneeze. + +No dates. Im not predicting MOASS. Just pointing fellow apes to exactly where and what RC wants us to find. + +\------------------- + +**FIRST JUICY UPDATE: Monday 6/6/2022 12:40PM ET** + +Adam Aron CEO of SWAPCORN is not our friend. Credit to [u/MMABiz](https://www.reddit.com/user/MMABiz/) (Aka SqueezedGoblin) + +[https://www.reddit.com/r/Superstonk/comments/o78dhn/citadelowned\_centricus\_appoints\_adam\_aron\_as/](https://www.reddit.com/r/Superstonk/comments/o78dhn/citadelowned_centricus_appoints_adam_aron_as/) + +To summarize: + +**MAY 6, 2021** (only weeks before the big return of the swap) AA named director of Centricus Acquisition Corp. + +[https://sec.report/Document/0001104659-21-063130/](https://sec.report/Document/0001104659-21-063130/) + +Who owns Centricus Acquisition Corp: Dated **MAY 12, 2021** + +**Citadel Advisory LLC** + +[https://sec.report/Document/0001104659-21-071171/](https://sec.report/Document/0001104659-21-071171/) + +Well isn’t that convenient timing to create a new company and name AA its director. + +\-------------------- + +**UPDATE 2: 6/6/2022 1:05PM ET** + +What has Centricus Acquisition Corp, which is a SPAC BTW, been up to recently? + +It merged with an interested encryption company in September 2021: + +[https://finance.yahoo.com/news/arqit-centricus-announce-closing-business-203300505.html?.tsrc=rss](https://finance.yahoo.com/news/arqit-centricus-announce-closing-business-203300505.html?.tsrc=rss) + +Then a few days ago: + +[https://www.bloomberg.com/press-releases/2022-06-02/arqq-lawsuit-alert-levi-korsinsky-notifies-arqit-quantum-inc-f-k-a-centricus-acquisition-corp-investors-of-a-class-action](https://www.bloomberg.com/press-releases/2022-06-02/arqq-lawsuit-alert-levi-korsinsky-notifies-arqit-quantum-inc-f-k-a-centricus-acquisition-corp-investors-of-a-class-action) + +Also the 8K above reminds us of this little fact: + +**"From 1996-2006, \[AA\] was Chairman and CEO of Vail Resorts"** + +Which reminded me of this epic DD curtesy of u/badasstrader : + +[https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire\_boys\_club\_bbc\_ep\_16\_part\_1\_the\_apollo/](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) + +More and more proof. + +\_\_\_\_\_\_\_\_\_\_\_\_ + +Tagged as speculation for now. + +edit: Formatting. Typos. +Hi all, + +Just curious to hear people's experience working from him permanently in a city or town where there are no other colleagues. I potentially have the opportunity to join a global Investment bank for a lucrative role that is quite niche and they are struggling to find people in London and Sydney to fill them (not sure why, maybe just how the labour market is at the moment?). + +I don't leave in either of these two locations, and there aren't any colleagues anywhere near my area. I'm curious from people in similar situations, did the lack of face to face drive you mad or are you coping fine? I currently WFH 5 days a week in my current role which has been fine so far but I at least have the option to go to the office and see people if I wanted to. + +Please share your experience! +So I have been looking at INDMoney for financial planning and I wanted to understand what is the difference between their Gold, Gold+, and Platinum plans. Does anyone have an idea? +Think about it, it’s the morning of the MOASS. The premarket opens, not much happens. You think it’s just another day of sideways trading. Then all of a sudden the spike happens. It hits $350 in a matter of seconds. $420. $500. $750. $1000. + +The adrenaline rush kicks in, suddenly you need to take a seat. You’re dizzy. You take a drink of water and go back to watching the ticker climb. You call off work for the rest of the day. + +$10,000. +You log on to /r/superstonk, 500,000 people are online. Confusion and excitement floods the sub. The memes are off the charts. + +$50,000. +You’re in disbelief, but you’ve known for months this would happen. The countless hours you’ve spent reading DD were right. You’ve done your best to prepare for this moment. Now you’re wondering how high will this actually go. + +$100,000. +The balance between the 1% and 99% are beginning to teeter. Suddenly the mega rich are fearing for their wealth while dumb money is becoming multimillionaires in a matter of hours. + +$1,000,000. +A few days go by. You quit your job. You begin to realize you’ll never have to work another day in your life. You won’t have to fight and slave away anymore at a job that doesn’t appreciate you. + +$10,000,000. +A week passes. You’ve found generational wealth. Your friends, family, children, will never have to work another day in their life. Euphoria takes you. + +$25,000,000. +You’ve probably sold a few shares. You’ve secured generational wealth. You quit your job, you hug your significant other and tell them to pick out their nicest outfit because you’re going to drop $10,000 on dinner tonight. Now it’s time to decide on what your ultimate vacation destination is. + +$50,000,000. +You’ve sold a few mores. Now you’ve left the remaining bit in the infinity pool. How far will this actually go? It doesn’t matter, you have more money than you will ever need. It’s time to return some of that wealth back into the community. + +I can’t wait for tomorrow. + +Edit: As others in the comments have pointed out, only sell on the way down! This blew up a lot more than I anticipated! +As we approach tax day, I’m curious what higher level tax strategies the group uses to manage tax liability. FatFIRE individuals largest expense is likely to be taxes, so managing this item is impactful to our FIRE goals. Progressive structure, highest income jobs often in high tax states effectively increase the value of finding deductions. + +I utilize most of the common tax avoidance strategies, but just realized my tax liability doubled in 2019. What are some additional tax management strategies that are available? + +Hoping to find something beyond these: + +-max 401k / IRA + +-Backdoor Roth + +-HSA + +-Donor Advised fund (appreciated securities) + +-QBI on business + +-home office expense / vehicle + +-Rentals / depreciation, etc + +Don’t feel like I have any more levers to pull to manage taxes this year. I’m guessing this group has knowledge/experience with more strategies aligned with a FatFIRE income/lifestyle/goal. +Earnings: $4.50 per share vs. $3.10 per share expected by analysts polled by Refinitiv. +Revenue: $33.12 billion vs. $30.52 billion expected. + +JPM, under Jamie Dimon, have become stalwart and constant earners, the BRK of banking if you will. They've shown resilience, are near riskless with their heavy participation in credit markets, and are extremely diversified, able to offset retail and commercial banking operations with trading and fixed income and vice versa. Could be the perfect long term hold for any investor. + +https://www.cnbc.com/2021/04/14/jpmorgan-jpm-earnings-q1-2021.html?__source=androidappshare +A large amount of Elon Musk’s phone [records were released](https://techcrunch.com/2022/09/29/elon-musk-texts-discovery-twitter/amp/) for the upcoming Twitter trial. + +It turns out he had a plan that was later deemed not feasible to put Twitter on the blockchain, ban all bots, and charge 0.1 DOGE to tweet or retweet. + +> “I have an idea for a blockchain social media system that does both payments and short text messages/links like twitter. You have to pay a tiny amount to register your message on the chain, which will cut out the vast majority of spam and bots. There is no throat to choke, so free speech is guaranteed.” + +> “My Plan B is a blockchain-based version of twitter, where the ‘tweets’ are embedded in the transaction of comments.” + +> “So you’d have to pay maybe 0.1 Doge per comment or repost of that comment.” +https://www.cnbc.com/2019/07/31/fed-cuts-rates-by-a-quarter-point.html + +Changes in the Fed statement: https://www.cnbc.com/2019/07/31/july-federal-reserve-meeting-what-changed-in-the-new-fed-statement.html +[https://www.baltimoresun.com/business/bs-bz-under-armour-ucla-contract-20200627-dvb3ervdlfhhdd6gwtpggjfbka-story.html](https://www.baltimoresun.com/business/bs-bz-under-armour-ucla-contract-20200627-dvb3ervdlfhhdd6gwtpggjfbka-story.html) + +Looks like they are trying to get out and save some money. +I just wanted to share here because I feel like i can’t share this anywhere else without being told “Forex is gambling” etc etc. + +I have been trading for only about 3 months. (End of September). Luckily my introduction into Forex was by meeting 3 guys that have been trading since they were teenagers and now all trade full time. They have sped up my learning curve immensely. + +My first month I lost about $70, the second month I made about $30. But after really learning some key things and growing my confidence to risk 3% per trade instead of just $25 or so like I was before I made $2134 this month. + +Im honestly just happy for myself and wanted to share here. + +Cheers! And enjoy the weekend! + + +Edit:added some of the trades that I took this Pat week in the comments. +###US government vehicles to all be electric = **literal rockets** 🚀🚀🚀🚀🚀 + + +If you aren't on; +- Lithium - **LKE** / CXO / INR / VUL +- Manganese - **EMN** +- Rare earth - **ARU** / ARR / VML / REE / LYC +- Graphite - RNU / TLG / EGR +- Battery tech - **NVX** / MNS < got a big future! + +I am **holding** + +Then you should really be researching into these companies and look at the long term potential. I'm not talking about being a paper handed biatch and selling out for a measly 1 or 2 bags. Were talking the big puppies here. The real deal, the bees knees, the cats pyjamas whatever you want to call it. These are all long term holds and will provide you with crispy tendies 💎💎🙌🙌 + +https://www.google.com/amp/s/www.theverge.com/platform/amp/2021/1/25/22249237/biden-electric-vehicle-government-fleet-ev + +This is just the start. Rules are changing which is forcing car companies to get with the times. + +After hearing LKE has skyrocketed in the big USA, so has my erection for too many hours. I called girlfriends boyfriend up for help and he has disowned me. The men's gallery said I was too much of a Autist to be let in and now I sit staring into the abyss, wondering if my market withdrawals will ever end. + +Tldr +LKE to the fucking mooooooooon 🚀🚀🚀🚀🚀 + +DYOR. + +* Editing the list as we go, keep em coming! Always good to hear about new stonks ! +Welcome to ASX\_Bets. + +&#x200B; + +Before you Post here, try the following: + +1. [Read the rules. They aren't too complicated, but will help you not embarrass yourself.](https://www.reddit.com/r/ASX_Bets/about/rules/) +2. Have a read of the sidebar in reddit new for some shortcuts and quick links. They will skip the silly questions easily. +3. [There is an FAQ. If something seems confusing or you don't know an answer. Read the FAQ. If it's not there, then...](https://www.reddit.com/r/ASX_Bets/wiki/faq) +4. [Read the Wiki. It has a lot of information, built up by members.](https://www.reddit.com/r/ASX_Bets/wiki/index) + +&#x200B; + +Hang around a bit before posting, learn what each Flair looks like, the Flairs are shortcuts to understand a post. Look at what we view as quality here before you add into things. The daily thread is replaced every day and is much less moderated than the posts. It's recommended you start there with posting. The user flairs are given by mods for notable positive, negative or embarrassing behavior, begging will not get you cool flair. + +THINGS TO DO BEFORE YOU POST + +Think for a second about if your post has no new information. If it has no new information, then why are you posting it? A good Hint it's stupid is if it looks like any of the following: + +"Thoughts on XYZ?" + +1. "ZYX is gonna moon!" +2. "Why hasn't XYZ mooned?/ Why aren't you talking about XYZ?" +3. "I know this has been asked about this stock 9 other times today and was explained in those posts, but why is this?" +4. "I have money, but am too lazy to actually do research or just read the daily thread or more than a page of the posts here, what should I buy?" +5. "🚀🚀🚀🚀XYZ🚀🚀🚀🚀" +6. \[All that is posted is a picture of the Bid-Ask\] +7. LOOK AT THIS AMAZING BUYS \[Shows picture of Bid-Ask spread, but before the open or after the close\] +8. "Hey ASX\_Bets, you're my personal pump n dump army right?" +9. I copied this DD from Hotcopper and did nothing more +10. A Pumping post labelled as a shitpost. +11. "Gonna moon, last chance tog et in at these prices." +12. "I made my account 3 minutes ago, the Automod deleted my post and clearly explained it's because I'm new and have no Karma. MODS WHY ARE YOU DELETING MY POST?" + +Most of these types of posts can go in the daily thread, but we don't want the entire sub to be comprised of rocket emojis. Posts with quality content (decent shitposts/memes, in depth DD about a stock) will be left alone. [The mods will not hesitate the Delete enormous swaths of posts as rapidly as you can post them.](https://imgur.com/a/h5IkZxZ) + +Check the new tab before posting. If there are multiple posts on a stock/question/announcement, the first post by time will take precedence. We don't need 10 posts about a penny stock issuing options, how taxes work, that a new product has been released, or that a stock is mooning/tanking + +This is not a facebook group or Hotcopper, keep your scam and Pump and Dump bullshit to a minimum, these people are busy being idiots, but they know they are idiots. [If you act like an actual idiot, we will all judge you for it. This is a community.](https://old.reddit.com/r/ASX_Bets/comments/iqmnwx/i_have_a_cgt_question_which_stocks_are_going_to/) + +&#x200B; + +Nothing here is Financial Advice. No matter what, never take advice from someone on the Internet and throw all your money away. If you do, that's your fault. + +&#x200B; + +If there is a problem that needs mod intervention (severe spam, people making outragious or dangerous claims, then type a mods name (not Automod) with a /u/ in front of it /u/The_lordofruin (or another mod, not just The Lord of Ruin). Modmail is better for lower priority things that just need some intervention from someone. A Bets mod will be added in the near future. Certain unwise declarations on the success or failure of something may end with a demand of satisfaction from the mods, with potential temporary or permanent bans put in place. Tread carefully. + +&#x200B; + +[If you annoy the mods, they have been known to get angry. It's best not to annoy the mods, they're weird.](https://www.reddit.com/r/ASX_Bets/comments/ijyjfq/read_the_fucking_rules_if_you_dont_want_your_post/) + +&#x200B; + +[Merch is available. It's on redbubble. Buying it will not get you special treatment, apart from reducing your odds of sexual encounters and making your boss look strangely at your coffee mug.](https://www.redbubble.com/people/asxbets/shop?artistUserName=asxbets) + +&#x200B; + +[There is a Discord that is not run by the mods here and should be treated as unofficial. It's generally quite active. There is also a link in the daily thread.](http://discord.gg/2sQBNuM) +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; +&#x200B; + +https://preview.redd.it/3iks19iiv5a71.png?width=1600&format=png&auto=webp&s=2e3a8709e9b70ecfc3d758e40166457782b108ed + +***Edit: Since, rensole is off today, I thought why not give it a shot! Any corrections or comments about this post are welcome!*** + +Good Morning San Diago, + +I am the Editor and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +https://preview.redd.it/yn8le98jv5a71.png?width=680&format=png&auto=webp&s=df710c5f3765f10a0eba5d22e584c73a8e7e9570 + +The reverse repo's for today + +&#x200B; + +[credit u\/pctracer](https://preview.redd.it/esauihymt5a71.png?width=715&format=png&auto=webp&s=ce596099a4c8b7cc4fc9674e812a6ee6dbe46512) + +**Our papa, RC tweeted this yesterday.** + +[https://www.reddit.com/r/Superstonk/comments/ogey78/ryan\_cohen\_on\_twitter/](https://www.reddit.com/r/Superstonk/comments/ogey78/ryan_cohen_on_twitter/) + +**Shitadel Staff Leaving** + +[https://www.reddit.com/r/Superstonk/comments/og5acc/breaking\_news\_hedge\_fund\_citadel\_hiring\_from/](https://www.reddit.com/r/Superstonk/comments/og5acc/breaking_news_hedge_fund_citadel_hiring_from/) + +This could be true, or this news was paid to be published. We're not sure. These fuckers will anything to stay afloat. + +**Just FYI, these are unrealized losses. Until they close out their short positions, they're not actually lost anything.** + +https://preview.redd.it/p3qa0ohkt5a71.png?width=1169&format=png&auto=webp&s=3817e1637976dc16d19fd75a9b5ac4d20ec3770f + +**Many Apes reporting they're getting shill messages. Be careful while you're getting these messages, and I prefer don't respond to them.** + +[https://www.reddit.com/r/Superstonk/comments/ogr6jg/my\_first\_shill\_message\_stay\_frosty\_apes/](https://www.reddit.com/r/Superstonk/comments/ogr6jg/my_first_shill_message_stay_frosty_apes/) + +[https://www.reddit.com/r/Superstonk/comments/ogrdes/am\_i\_doing\_it\_right/](https://www.reddit.com/r/Superstonk/comments/ogrdes/am_i_doing_it_right/) + +[https://www.reddit.com/r/Superstonk/comments/ogr623/i\_got\_the\_below\_message\_from\_a\_1day\_old\_account/](https://www.reddit.com/r/Superstonk/comments/ogr623/i_got_the_below_message_from_a_1day_old_account/) + +[https://www.reddit.com/r/Superstonk/comments/ogrhpi/finally\_got\_my\_first\_spam\_message\_feeling\_part\_of/](https://www.reddit.com/r/Superstonk/comments/ogrhpi/finally_got_my_first_spam_message_feeling_part_of/) + +&#x200B; + +[ It's tinfoil at best but still interesting to speculate about](https://preview.redd.it/q86g7kait5a71.png?width=960&format=png&auto=webp&s=d26d4b249ffe5388483e8e5511f8062a69e5bc6f) + +&#x200B; + +[credit u\/JimmyWithTheJokes](https://preview.redd.it/ir6kcenxt5a71.png?width=802&format=png&auto=webp&s=92968f49e40e1b04ae6d2f7a741fd6f5c499674f) + +**GAMESTOP'S FULFILLMENT CENTER IN YORK, PA** + +[https://www.reddit.com/r/Superstonk/comments/ogcxnl/new\_photos\_inside\_gamestops\_fulfillment\_center\_in/](https://www.reddit.com/r/Superstonk/comments/ogcxnl/new_photos_inside_gamestops_fulfillment_center_in/) + +&#x200B; + +[credit u\/TDETLES](https://preview.redd.it/43b4pse9u5a71.png?width=1728&format=png&auto=webp&s=54b51c8fef77928a7bc6b4fcf2ffc424bfacaf1f) + +**THANKS TO ALL APES WHO SUPPORTED THIS!** + +[credit u\/brandinoooooo](https://preview.redd.it/5fax7crfu5a71.png?width=1080&format=png&auto=webp&s=533eb017b84f9bbc9e7dd3f842ee525cdf0c6e6d) + +&#x200B; + +[credit u\/slackjawedyoker](https://preview.redd.it/o9ory1vsu5a71.png?width=1383&format=png&auto=webp&s=a70b7f4d323c01e8f1dd9ca41bbbab353cb3c319) + +https://preview.redd.it/ho3tzo0dv5a71.png?width=554&format=png&auto=webp&s=d6583e29a1aa0aa68bad9150211fd6b706895c09 + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +https://preview.redd.it/gw5eso1fv5a71.png?width=400&format=png&auto=webp&s=98eb51e071da5c2fb42d3b1b7dfd4cb796f828cd + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +Edit 1: + +**One of the addresses associated with the GameStop NFT had a transaction.** + +[https://www.reddit.com/r/Superstonk/comments/ogjbcy/one\_of\_the\_addresses\_associated\_with\_the\_gamestop/](https://www.reddit.com/r/Superstonk/comments/ogjbcy/one_of_the_addresses_associated_with_the_gamestop/) + +**Principal Engineer NFT @ GameStop Jordan Holberg: "Baby’s first pull request 🥺"** + +[https://www.reddit.com/r/Superstonk/comments/ogptsx/principal\_engineer\_nft\_gamestop\_jordan\_holberg/](https://www.reddit.com/r/Superstonk/comments/ogptsx/principal_engineer_nft_gamestop_jordan_holberg/) + +Edit 2: + + [u/PWNWTFBBQ](https://www.reddit.com/user/PWNWTFBBQ/)'s post about Shorting Algorithm + +[https://www.reddit.com/r/Superstonk/comments/ogjkao/i\_think\_i\_figured\_out\_the\_shorting\_algorithm/](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/) +Why is it that the common advice given to beginner investors is to buy S&P500 etf and hold, but in my anecdotal experience the estimated 8% return doesn’t actually happen? Based on the experience of multiple family friends who have been in the stock market for years on end they typically aren’t able to get 8% yearly. Note these are some of the smartest people I know. + +For those who have been in the stock market for a while: how long have you been investing and how much is your annual return % on avg? +Hey everyone, so I closed on my first duplex January of this year. I just received a letter from the town that they reassessed my property and that I have to pay 2,200 by November 1st!! Is there anything I can do to appeal? Can I ask for a payment plan? Thank you in advance. +For those of you who are unaware, the New York Mets are basically baseball's version of Murphy's Law. Literally anything that can go wrong for them, will indeed go wrong. + +After having arguably the worst owners in baseball for decades, the Mets were bought last year by Steve Cohen (yes, *that* Steve Cohen). Currently, he stands as the richest owner in baseball. The belief was that with the New York market and this now incredible amount of money, the Mets would finally be able to put together a team that would regularly challenge for the World Series. + +The absolute most Mets thing of all-time would be if a bunch of redditors bankrupted their new owner and completely fucked over the franchise. + +That is why I'm absolutely positive this will indeed happen. + +Tl;Dr = Buy puts on the Mets +I know ETFs are generally better for long term holding and the longer you hold the better and that's exactly what I'm looking for. But given how everyone talks about how ICLN, MSOS, YOLO, ARKK, ARKW, etc. is 'flavor of the month' are these also long-term holdings? Are these holdings you can necessarily invest and forget for a while or are they ETFs that you should be checking in regularly to find the best time to trade? I want something more aggressive in my portfolio but I don't know what's aggressive and still long-term (10+ years). + +Please let me know your thoughts. I have nice safer picks like VTI but I don't quite understand the nature of ETFs like ARK -- are they long term or not? Are they aggressive and long term? Can those two mutually exist? And what's the best practice for ETFs like that? + +Thank you! +I wrote a whole long explanation and then erased it. Basically... + +My teen is day trading and doing very well($8k to over $100k in 12 months). He sticks to his “rules” and trades a bunch of times on one stock over and over and liquidates at end of the week every week. Obviously this is all worrisome, as one day he will lose focus or make a mistake. So I want him to advance his process.. + +What is the simplest entry-level set up to turn his rules/formula into an algorithm that trades a single stock solely based on the price movement? + +Based on reading wiki and elsewhere, I figure he would need: + +1) a way to pull data(api?) + +2) turn his formula into code(python?) + +3) a platform to trade accurately/timely on with his cash account of $25k+(thinkorswim?) + +4) a computer/server/program to implement to code onto the platform to make it trade(?) + +To reiterate, I’m looking for like a beginners package, that my teen could maybe do a beginners python course for 8 weeks while setting up the software and trading infrastructure, and the. Wrote the formula and implement it. Would be a great summer project that could spark a career in a decade. Thank you for your help and for keeping this simple for me!! + + +EDIT: looks like some good users have come to save the day. Sorry for reacting to the trolls that opened the thread making this a bizarro clown show to start off. Thanks for any continuing info on software, code, how to simplify everything. Currently looking into alpaca/ninjatrader/quantopian/quantconnect services, python tutorial, python .git files some have shared, python libraries numby/panda, TDA/thinkorswim, servers/AWS. +1. To curb out excessive fees and provide a zero cost transaction fee through the aid of smart contract technology. + +2. To provide top notch security for all its users. + +3. Grant both sellers and buyers access and to data for transparency sake. + +4. To focus more on customer's interest over profit. [https://apollox.network](https://apollox.network) +It seems that there's too much outstanding debt and not enough jobs out there to pay them off. They are fundamentally different than the CDOs that created the 2008 crisis, student loans that are securitized are said to be high grade with low default risk. + +But companies like Navient ($NAVI) keep getting their bonds downgraded as they aren't paid in full at maturity. +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've decided to blueball myself until MOASS starts. When my shares have reached the moon, then I'll consider unloading my blueballed ballsack. LFG! + +I'm gonna keep typing random shit so I can bypass the minimum character threshold of posting. Nofapnofapnofapnofapnofap +We're a reasonably intelligent collection of apes, surely through some obscure language and butffuckery we could thwart this before is it becomes a problem. + +Admittedly i havent read the legislation, but im sure its vague and obscure enough for one of us to get a big one up the back end. +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) Last ban length: 1,048,576 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/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/ywAGqfUAQE) +Hello everyone, +I have a relatively small position in an Austrian bank (erste group bank) and it’s going down with the rest of the market in the recent months. +I bought into it after the covid crash in 2020 and had a pretty good return in dividends since, now I am thinking about reinvesting some of the money I got out of it the last two years. +I know valuing a bank is hard, but I don’t see anything wrong with the company and it always seemed to be quit cheap compared to other banks. + +My question is what do you guys think of banks in the current macroeconomic environment and where do you see risks and potential? +I believe that a huge part of value investing is looking into the future at what will be popular and growing into the next 10 or even 20 years. + +20 years ago, nobody would have believed that Blockbuster would not be around in 10 years. + +What companies or business models are popular today that you believe will be non existent or greatly diminished in the next 10 - 20 years? + +Personally, I think that Netflix's business model is not sustainable and that the streaming services of today will be vastly different in 10 years time. +As of writing this, the yield on the 2 yr Treasury Note is sitting at 2.407% while the yield on the 10 yr is sitting at 2.440%. This leaves the spread at .033%, while it closed yesterday, 03/28, at .11%. + +This is the lowest spread we've seen since August of 2019, just before the spread inverted. + +"An inverted yield curve in U.S. Treasuries has predicted **every recession** since 1955, with only one false signal during that time.13 It even "predicted" the economic downturn that followed the COVID-19 pandemic (although most economists attribute this to luck, and not the fact that it can predict natural disasters)." -Investopedia +We are about to sign and go under contract for an out of state (CA), new construction house ($800k) and when talking with the realtor, she seemed put off when I asked about an inspection. We’ve always gotten an inspection before we purchase. She deflected saying new builds have great warranties so an inspection doesn’t matter, which seems absurd to me. There have been some other minor issues with her (not responding to emails, minimizing concerns), but this makes me want to walk away and find a new realtor. Anyone have thoughts or experiences with this. Are we overreacting? + +Edit: looks like this post was locked before I had a chance to reply to people. Thanks so much for all the feedback. The consensus seems to be that she is not a trustworthy realtor. Believe me, there was zero chance that I was not going to get an inspection. This was more about feeling okay with firing her over this vs continuing to work with her. I’ve never bought a home in California so wasn’t sure if that was the norm or just her not acting in our best interests. Thanks again everyone! +Hello, I am a 23M who just purchased a multi unit property (my first) that is set to close June 1. I am doing an owner occupant house hacking thing, but the owners unit is currently under lease until mid August. Ideally, I want to move in before then, so I am looking at ideas for incentivizing the current tenants to move out. + +So far, I have thought about: +- cash incentive +- pro rating rent if lease broken (gives them flexibility to move out whenever.) + +Am I missing anything? I would appreciate the help! + +Thanks, +Pete +Not really a big fan of Warren Buffett, but I think this quote describes perfectly how wealth is accumulated....and it's why everyone is here. No offense to the traders here, but the goal isn't to be sitting in front of screens making the right timing decisions...it's to be letting assets you own accumulate. So congrats for being here and starting on that path... +I'm so close to 1.0 ETH but decided I probably shouldn't take money out of my life savings (am I crazy... Maybe but also worked really hard to reach my "life savings" of a measly 2,000). At .61 ETH I feel okay, like I could maybe DCA my way to 1.0 but I really reeeeeally would hate to miss it. Not to mention, people are whispering of an alleged dip? And I'm expected to put money in "now before it reaches 10k and you're left behind"??? Sheesh. + +I'm having anxiety attacks, checking my phone every 10 minutes for the next new ATH. How in the heck do some of you guys manage it? Can somebody give me some reassurance.... I'm sweating. I can only get a paycheck so quickly.... + +Edit: Thank you all for the comments, seriously making me tear up from relief. This is a lot less pressure for me now. Thank you again. +It's that time of year when the folks at SSA send out their annual statements about future benefits. Out of curiosity, I compared my most recent statement with the one I received back in 2014, the last year that I worked prior to FIRE'ing. I was pleasantly surprised at the relatively modest impact my early retirement had on my benefit calculations and I thought some here might find it interesting to have a real-world example. + +By my 2014 statement, my monthly benefit at 67 (FRA) would have been $2,887 assuming that I continued to work every year until retirement with a similar inflation-adjusted salary each year. + +By my 2021 statement, my monthly benefit at 67 (FRA) is now going to be $2,232, factoring in that I retired at 37 and never earn any SS-reportable income again. + +So the impact of FIRE'ing at 37 was a reduction in benefits of 22.6 percent in my case. That seems like a rather minor ding compared to 30 more years of working and paying additional taxes in to the system. +[Part I](https://www.reddit.com/r/Superstonk/comments/yxibk2/unwrapping_wrapped_gme_part_1_who_made_this_shit/) + +[Part II](https://www.reddit.com/r/Superstonk/comments/yz1y8i/unwrapping_wrapped_gme_part_ii_plugging_a_41/) + +Hey kids, it's been an eventful fucking month, aye? Not sure if I can link the first two parts with the new sub rules, but they are in my profile and we'll recap anyway cos shit's been spicy! + +So, I posted the first part of this series on a random Thursday morning as a bit of an experiment to see if I could fish out a little bit while SBF was under pressure. The result was beyond my wildest dreams. Within two days, the post had picked up a respectable 104k views, but not even 48 hours after posting, I began seeing articles of a certain trading desk shutting down. The very desk I named in my post. + +&#x200B; + +**How it started:** + +&#x200B; + +https://preview.redd.it/e8e7k9nxdo6a1.png?width=866&format=png&auto=webp&s=3647b0bcc7fcc7d6394a2a56ee82ba85cd47d8fb + +**How it's going:** + +&#x200B; + +https://preview.redd.it/uts65lkzdo6a1.png?width=1193&format=png&auto=webp&s=f69c90444c3ccb295caed2c3699a055eefa06647 + +Since part I and II, the story was picked up by The Chainsaw and SBF also copped to them in fact, being his. Now, it's great that I was right, and someone actually admits culpability, but I've sat back and listened to him only admitting what's being asked. That's kinda sleazy if you ask me, so I'm gonna pry Pandora's Box open just a little bit more by showing another token that they've created and passed around. This also happens to be the most egregious and damning example that no one seems to have picked up on. Let's see who's still standing after this round. 😈 + +&#x200B; + +# Wrapped Nickel + +I demonstrated beyond a shadow of a doubt that Wrapped GME was created and traded around the squeeze. After that, there was no activity. Following that, I decided to see if they were dumb enough to do it again. They were. No, I'm not kidding. Nickel (the metal) as you will recall had it's historic short squeeze [March 08, 2022](https://www.bloomberg.com/news/articles/2022-03-14/inside-nickel-s-short-squeeze-how-price-surges-halted-lme-trading). + +**Wrapped Nickel Address:** [**https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4#balances**](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4#balances) + +&#x200B; + +[FTX US is the top holder. Fancy that.](https://preview.redd.it/zwzalioiho6a1.png?width=1940&format=png&auto=webp&s=644977aee284fe5e841cfc79c82514b469fd7490) + +If we dig a little deeper, we'll find that this token was created at the exact moment of the squeeze: + +&#x200B; + +[London time would have been 5:41 AM \(if my conversion is correct\)](https://preview.redd.it/k5xegkdzio6a1.png?width=2015&format=png&auto=webp&s=fa187b9eaaf9269dff81e740d65c21adb363442a) + +&#x200B; + +Looking at the transactions, all trades were done in the two hours following creation. + +&#x200B; + +https://preview.redd.it/ed7wi3uxjo6a1.png?width=1802&format=png&auto=webp&s=2b6393aaaea41f3b5811b2095603052506e664ae + +By this time the squeeze is done. My question is, did they capitalize off the squeeze, or did they cause it? 🤔 It wasn't just FTX creating an internal coin since it was put on Uniswap and traded by some familiar faces: I'm including the number of Wrapped GME held as well to keep continuity with the sub and not getting too far off topic. I'm also including links to ens addresses since they hold both and I'd like to know more about these people. :) + +&#x200B; + +|Rank in holdings for Wrapped Nickel|Address|Quantity of Wrapped Nickel Held(truncated to nearest whole number)|Rank in holdings for Wrapped GME|Quantity of Wrapped GME Held (truncated to the nearest whole number)| +|:-|:-|:-|:-|:-| +|1|[FTX US](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0x7abe0ce388281d2acf297cb089caef3819b13448)|2,983,267,637|73|5,519| +|5|[pennilesswassie.sismo.eth](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0x9c5083dd4838e120dbeac44c052179692aa5dac5)|303,686,828|6|253,984| +|10|[mozzz.eth](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0x80b3153f39aeec1ef68adc038913698e103e6e1d)|100,636,463|107|2,299| +|14|[Alameda Research 24](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0x97137466bc8018531795217f0ecc4ba24dcba5c1)|76,099,748|55|8,627| +|22|[Jump Trading](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0xf584f8728b874a6a5c7a8d4d387c9aae9172d621)|51,257,689|28|17,208| +|29|[Genesis Trading: OTC Desk 2](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0x0548f59fee79f8832c299e01dca5c76f034f558e)|35,686,111|11|60,413| +|58|[Fund: 0x465...363](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0x4655b7ad0b5f5bacb9cf960bbffceb3f0e51f363)|30,834,040|58|8,060| +|77|[tdurden.eth](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0xcda16a18d3f942571e7ba81b7d2219a6802c45a1)|11,185,773|154|600| +|126|[175cm.eth](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0x5d4f25b080230976187e9897a4cbb4c284d7c390)|5,844,810|39|11,674| +|154|[vvville.eth](https://etherscan.io/token/0x9B9128d3b415475BF0ffF0405B746CA5E41A0dD4?a=0xb8c2c0aa32a95351ffa9450509c62379a42a4f87)|4,186,577|123|1,644| + +&#x200B; + +Both tokens have just over 200 holders. 10 of them that are named addresses hold both. I haven't compared them, but I bet there are a lot more matches than this in the unnamed addresses. Further, if we look at the transactions, you'll see that Jump Trading is one of the first ones in line each time. + +&#x200B; + +**Wrapped GME** + +&#x200B; + +https://preview.redd.it/jgxi8aupso6a1.png?width=1887&format=png&auto=webp&s=d19172c1014bbd49840a86666b5a051697659eb3 + +**Wrapped Nickel** + +&#x200B; + +https://preview.redd.it/lamkj4vrso6a1.png?width=1742&format=png&auto=webp&s=12dbddf07f8bd99deda746b1fd174efc22676740 + +&#x200B; + +So what are the odds that this was created by some kid in a basement, or just an internal test, and not part of a bigger collusion to commit crime? Pretty fucking low. Wrapping up, it's cute that SBF claims this whole thing was just a result of mismanagement and stupidity. I'd say that this series is forming a basis for RICO at the very least. + +&#x200B; + +With that, I'm closing this part out. + +\*Edit\* Archive link: [https://archive.vn/CNIe1](https://archive.vn/CNIe1) + +&#x200B; +What man actually needs is not a tensionless state but rather the striving and struggling for some goal worthy of him. What he needs is not the discharge of tension at any cost, but the call of a potential meaning waiting to be fulfilled by him. -Victor Frankl + +And that’s my struggle. In 78 days, I can hang it up. But I have 35 dedicated, caring, committed employees that depend on me to lead, support them and help them with their careers and ultimately, support their families. I suppose someone else can do it, but would I lose my search for meaning? +As of recent, Turkey has been a main stay in the news due to its rising inflation and the devaluation of the Lira. A common talking point is the government's counterproductive course of lowering the country's key interest rate. The lowering of the country's key interest rate from NINETEEN FUCKING PERCENT TO FOURTEEN PERCENT. Turkey's key interest rate is at 14% while most of the world is edging ever more closely towards 0 or even into the negative. Can someone explain that to me? +As an individual, my main financial goal is to save up money until I reach financial independence, the point at which my saved/invested wealth makes enough interest that I can sustain my lifestyle without additional revenue streams. + +From the perspective of government, I would define financial independence to be the point at which the government has enough saved wealth to fund all current programs without imposing taxes. + +The philosophy in modern government is to borrow money to fund programs and keep a sustainable deficit. That's deemed financially acceptable because the government has a consistent revenue stream (taxes) to pay off the debt. + +I'm wondering why governments don't run their budgets with the goal of financial independence and minimal taxes. I understand that some taxes will probably always be needed as the economy and government organically grows, but wouldn't tax burden be way less year-over-year if we target financial independence rather than running a deficit? +Disclaimer - I am sorry for all the people who have lost their jobs this last 12 months and suffered, I am conscious I’m in a position where I should be incredibly thankful and definitely am. I try to give back where I can. + +I’m terrible with money and always have been, I’ve successfully started a new job where I asked for double what I was earning and somehow got it. Now I’m on 140k with 60k HECS and 6k on credit card, and have no idea where to start or what to do. + +Any advice, all I’ve found searching is a flow chart +Not sure if this was posted on here recently as im fairly new to the page. +Does anyone else here think Tesla is out to lunch on its valuation? +It has a greater market cap than the next 10 car manufacturers combined. And sells 1/50th the amount of the combined vehicles. I understand they have other products (charging stations, home battery packs, solar panels etc.) but I dont believe those products really contribute as much to its current value. I dont think its exactly a bubble with its future potential possibly being its current valuation, but other than the hype I'm having a hard time believing in the numbers at the moment. + + +Was attending a weekend wedding at a beautiful hill station in North India. As is the case, Indian weddings are a few days' affairs, and the Professor had specially flown down for the wedding. It was an opportunity for me to understand the views of the learned professor on the American markets, as he was an active investor too. + +&#x200B; + +So I asked a few questions, heard his views and when it was my turn to speak, I said that “American markets are rigged against the retail” and “Too many loopholes exist for the powerful hedge funds to exploit the rules, to which the regulators turn a blind eye, or let go the rule-breaking with a slap on the wrist fines” + +&#x200B; + +And then I dropped the big one, that I learned from the DD here. “Do you know that as an investor, you are not the owner of the shares that you have bought? Be it Apple, Microsoft, Tesla, or any other stock, you are only a beneficial owner of the shares and the difference between the market price and your buying price is your profit or loss, but the actual ownership of the shares do not belong to you, but to CEDE & Co.?” + +&#x200B; + +I don’t think that is true he replied. + +&#x200B; + +O.K. Check it out whenever you can and then we can discuss it later. + +&#x200B; + +The next time I met the professor, I spoke about GME, Overstock, how the short hedge funds connive to short the company into bankruptcy, printing fake shares, the FTD’s, fake reporting of positions, abuse of market maker privilege, lax enforcement of rules by FINRA, DTCC, SEC, etc, …. and what is now happening in GME. + +&#x200B; + +I explained that GME in my view based on data and objective criteria was among the life-changing investment opportunity. I spoke about Ryan Cohen, how he took on Amazon, Walmart, Costco, etc with his startup Chewy and sold it for 3 billion dollars. And with a new team of board members and executives, GME bought back shares, and then issued fewer shares netting 1.7 billion dollars, that it had closed non-performing stores, increased product offering, opened two new fulfillment centers on the east and west coast, and was working on blockchain-related initiative and was likely to offer a NFT dividend. + +&#x200B; + +The professor heard out and maybe checked up the story. He messaged me later and told me he was in for 50 GME. Am in touch with the professor still. A few days back, he told me he is adding another 20 more. + +&#x200B; + +When the DD is compelling, investing in GME is a no-brainer. + +&#x200B; + +**Buy. Hold. Shop. DRS.** +***Edit- Thank you everyone for the advice and the personal stories, you all have also been through a lot it’s nice to know I’m not alone here. I still have to sort out my plan of action but it’s really helping me to read through all of your replies. I’m truly touched by how many of you have reached out specifically to offer an ear, thank you. + +So, obligatory “writing from my mobile” and “sorry for the long post in advance...” + +Backstory: +My moms a single mom and has been having financial issues since the recession. She lost her job at a spa (massage therapist) in 2008 when I was still in high school, we couldn’t afford rent so I moved in with one aunt and my mom moved in with another. + +The aunt my mom moved in with was going through cancer treatment at the time so she helped her with appointments and cooking etc. since it was such a hard job market. That’s when, in March 2011, my aunt passed away. My moms an emotional woman and she took it very hard... she struggles with alcoholism (though she’d never admit it) and it started to show. + +I graduated high school in 2011, took out some loans and moved to college in the same state but a 9 hour drive away. My mom began bouncing between friends and families houses, staying until they were tired of her not contributing or being drunk or just generally overstaying her welcome. Since we lost our place she hasn’t had a stable home, which has always stressed me out but there wasn’t much I could do to help while already living on financial aid and my shitty coffee shop job. + +Nowstory: +Fast forward to now, four years since I graduated college, I have a decent job in my field and I’ve started paying off my loans. I’m by no means swimming in a pool of money but I’m able to pay my car payment and my rent in the HCOL area I live so like I said, decent. + +Six months ago my mom started having issues with the family she was renting a room from. We agreed she should start finding a place before she had to leave so I start sending her weekly emails of apartment listings as well as application sites to low income housing in the area (and in another state where we have a lot of family that is drastically cheaper to live in). +She never responds to my emails. When I call her and ask her about them she gets either defensive and mean or sad and crying telling me “there’s so much you don’t understand” or “if you even knew” then hanging up on me. As I’m now an adult who has moved a dozen times all finding the housing for myself I do, in fact, know. + +While I’m trying to convince her to follow up on these apartments I start getting text messages from family members telling me it’s my job to figure it out and “fix the problem,” one aunt even mentioning that her four sons send her some money a month and pay for her phone bill to help make ends meet. + +Now look, I’m not neglecting my mom over here despite what my family seems to think. Over the last four years I’ve bought my mom a new (to her)car (I knew someone selling a 2010 Prius for a good price), I’ve bought her new work clothes and new everyday outfits, I’ve paid for her to come and visit many times and most recently I’ve given her my iphone7 and put her on my phone plan. I then spent hours putting together comprehensive lists and step by step application directions for her to fill out. I just. I can’t afford to support both of us financially while paying off my student loans and digging myself out of poverty at the same time. + +She now has till Tuesday to figure a place out and is obviously struggling to do this last minute but I’m like... we could have figured it out months ago if you would have helped me with the paperwork side of things! + +I told her a few months ago I’d help with some moving costs and so far I’ve been able to squirrel away $1300 for her... I just don’t know what else to do. I still live 9 hours away, I tried to prevent this exact situation for months and quite frankly I don’t have more to spare than the $1300 right now. I’m tired of the guilt texts from my family and I just. I’m at a loss. Literally any advice would help at this point because I’m overwhelmed, feeling like a bad daughter and just. I want her to thrive. I’m harboring a lot of resentment right now for the situation we’re in and the fact that I feel like our roles have reversed completely. + +Tl;dr- moms been having financial issues since I was in high school, I now have a middle class salary but can’t afford to support us both and also get out of poverty, I’ve tried to help but she’s not helping herself and my family is trying to guilt me into taking more on than I can. +Warren Buffett made headlines recently after his recent [virtual Berkshire Hathaway Annual Shareholders Meeting](https://www.youtube.com/watch?v=69rm13iUUgE). + +Buffett sold of all his shares in the major US airlines, and Berkshire announced a record quarterly net loss of nearly $50BN. Berkshire *had* held sizeable positions (around 10%) in the major US airlines. + +As well as this, Buffett also allowed Berkshire's cash stake to rise to a record $137.3BN from $128BN at the end of 2019. + +Clearly, as he is selling at a significant loss, Buffett believes that there is further pain ahead for the airlines. + +The GOAT is not one to fall for the sunk cost fallacy... + +Moreover, his cash position indicates that he doesn't believe that we have reached the stock market bottom yet, although he wouldn't give specifics. + +Others however are more explicitly bearish. + +The numbers are certainly [not looking good](https://fortune.com/2020/03/20/recession-us-gdp-negative-growth-q2-predictions/)... + +**TRUTH 1/2:** + +[1640 CEOs left their posts in 2019](https://www.cnbc.com/2020/01/07/2019-had-the-most-ceo-departures-on-record-with-more-than-1600.html), the highest year on record since tracking began in 2002. + +For context, there were 1484 exits in *2008* when the country was embroiled in the financial crisis. + +This trend has continued in 2020, [in January a record 219 CEOs left their posts](https://www.cnbc.com/2020/02/12/rapid-ceo-turnover-continues-with-a-record-number-of-top-executives-departing-in-january.html), the highest month on record. + +The economy was going to crash anyway. It was inevitable. + +However, they were afraid of massive protests against corporate greed, massive social unrest, etc so they needed a diversion that would provide an excuse. + +People will think the crash was solely due to the virus and not the numerous fundamental economic and structural issues at play. + +To highlight just a few: we've had the [yield curve inversion](https://www.businessinsider.de/international/yield-curve-inversion-explained-what-it-is-what-it-means-2019-8/?r=US&IR=T), the [repo madness](https://www.bloomberg.com/news/articles/2019-12-08/repo-blowup-was-fueled-by-big-banks-and-hedge-funds-bis-says), the [record corporate debt](https://www.businessinsider.de/international/us-corporate-debt-10-trillion-record-percentage-economy-expert-warnings-2019-12/?r=US&IR=T), and [corporations being the main source of demand for equities via stock buybacks](https://www.nytimes.com/2019/02/25/business/stock-market-buybacks.html) which enrich executives that hit certain earnings per share targets. + +Last year billionaire Peter Thiel, who was part of the notorious Paypal Mafia, [spoke on the dangers of American Exceptionalism](https://www.youtube.com/watch?v=7JRyy2MM-rI). He argues that this has made America "exceptionally un-self-critical" + +Warren Buffett concluded in his virtual meeting: "Never bet against America" + +In other words, never bet against the military industrial complex to enforce American superiority and the power of the dollar as the de facto unit of exchange globally. + +**TRUTH 2/2:** + +As smart contracts pioneer Nick Szabo has stated: + +"Buffett's wealth can be measured less in present cash than in the future cash from the Fed he is right up there at the front of the Cantillon line to get." + +[The Cantillon Effect](https://www.youtube.com/watch?v=rv5xl1AEeQs) essentially refers to the fact that fiat printing itself increases inequality. + +On a more general note, it is important to remember that, despite his gentle image, Buffett is ruthless in his craft. + +A [New York magazine profile from 1991](https://books.google.de/books?id=veTPZA9TWxsC&pg=PA45&lpg=PA45&dq=1991+new+york+magazine+warren+buffett+Warren+looks+like+a+teddy+bear,+but+mentally+is+he+ever+tough&source=bl&ots=OT8xAOp_-y&sig=ACfU3U2s1_9PvAvkaw4w5BSh0l1KgG1yhA&hl=en&sa=X&ved=2ahUKEwjtvP2__ZzpAhUG3aQKHfcYA1kQ6AEwFXoECAkQAQ#v=onepage&q=1991%20new%20york%20magazine%20warren%20buffett%20Warren%20looks%20like%20a%20teddy%20bear%2C%20but%20mentally%20is%20he%20ever%20tough&f=false) stated: + +"Though he appears homey and guileless and cultivates a hayseed image, Buffett can be iron-fisted." + +According to a senior Salomon trader: "Warren looks like a teddy bear, but mentally is he ever tough." + +Yes, Buffett has dropped numerous gems throughout the years, but ultimately his responsibility is to Berkshire Hathaway and his own, sizeable, bags. + +Overall, it would be foolish to overlook Buffett's current cash position. + +When everything is dirt cheap and we do eventually hit the bottom, he will be flush with cash and ready to aggressively sweep up bargains. + +At the moment, it is clear that he believes these bargains are not present, and therefore it would be wise to consider the fact that we may have further downside in store... + +[https://www.youtube.com/watch?v=OsAfJMNtxsU](https://www.youtube.com/watch?v=OsAfJMNtxsU) +I've gone through the same story as everyone else. Went through a million different strategies before finding one that I felt was right for me. My best advice is to really find a strategy that works for you, that fits your personality. I don't even really know how I got to this point. Once I found what I liked, things have just seemed to click. I am now break even for the past 8 months and really starting to move up! + +https://preview.redd.it/osuqujnq2jg81.png?width=2440&format=png&auto=webp&s=b53d8dabba20cc4ed823fefaf9e443d02df0f8d2 +Could be tomorrow, could be next week. But we are so close, everyday is exciting!!. + +The rest of this post will be filler content: + +My name is ken griffin and I kill the American dream. My name is ken griffin and I enjoy mayonnaise. My name is ken griffin and I am a financial terrorist. My name is ken griffin and I smell. My name is ken griffin and my wife divorced me for cellar boxing our relationship. My name is ken griffin and I screwed up with GameStop. My name is ken griffin and I will soon be liquidated. My name is ken griffin help me. +Ever since I got into finance, I've always been incredibly interested in using alternative data to predict the stock market. Lately I've been analyzing Zoom (the video conferencing software) stock price with their online reviews, and long story short achieved 59% accuracy and 77.8% precision with a simple Recurrent Neural Network architecture. + +https://preview.redd.it/xsdf4uuz9d261.png?width=1038&format=png&auto=webp&s=16fc1af7a93fdc27b77619c2ed79af245b243266 + +I used some of the most common technical indicators, including simple and exponential moving averages, Moving Average Convergence Divergence (MACD), Stochastic Oscillator, Bollinger Bands and Relative Strength Index (RSI). I also built a feature to add context to the review data - using Python’s TextBlob package to apply a sentiment score to each review text. The sentiment scores range from -1 to 1, with -1 being perfectly negative, 1 being perfectly positive and 0 being neutral. The sentiment scores are normally distributed and centered on \~0.25. + +Has anyone else used online reviews for this type of analysis? Feel free to have a look at my notebook here - I would love to hear your feedback: [https://colab.research.google.com/drive/1pepucu9w2-s-BsOE7Vc7YEM-fFkDVCeE?usp=sharing](https://colab.research.google.com/drive/1pepucu9w2-s-BsOE7Vc7YEM-fFkDVCeE?usp=sharing) + +The raw data is also available for analysis here: [https://www.dropbox.com/sh/rec20wp0il7f62f/AAAIzMsLkg1fsEpkyxmX1Y4ka?dl=0](https://www.dropbox.com/sh/rec20wp0il7f62f/AAAIzMsLkg1fsEpkyxmX1Y4ka?dl=0) + +UPDATE: Given all the interest here, I ended up writing up a blog post which goes into more detail about the methods and results: [https://blog.datashake.com/predicting-zooms-stock-movements-with-online-review-data/](https://blog.datashake.com/predicting-zooms-stock-movements-with-online-review-data/) +I believe that if things remain as they are today (and they almost certainly will), the entire world would be enveloped in a giant, virtually unprecedented economic crisis affecting billions of lives. To put this in simplest terms: I believe we are racing towards the single largest economic depression in human history. + +My reasoning for this is as follows: + +* There are multiple ever-expanding financial bubbles in the making today: student loans, cryptocurrency, real estate (yet again), the auto industry, etc. Many of these are based within the United States, but America's economy is the bedrock upon which the rest of the world's economic stability is built, for better or for worse. + +* The current state of Washington D.C. President Trump, inept though he may be, is but one of many factors contributing to what I consider gross economic mismanagement at the federal level. The current economic plan of the U.S. Congress is to kick poor people off their benefits. They will drastically cut spending for social programs like SSDI (hundreds of thousands will be kicked from the program), medicare/medicaid, food stamps, etc. This means that many working middle-class Americans will have less money to spend, and therefore businesses will lose profits. Since so many of the world's largest companies are American, and since so many of the non-American Fortune 500 companies are dependent on the American market for a substantial portion of their income, this will lead to lost revenue for many of them - leading to large-scale employee lay-offs, withdrawal from several countries, etc. + +* American investment banking companies like Goldman Sachs, Citigroup, Bank of America, and so on are still "too big to fail" - there has been an epidemic of white collar crime since the early 2000s following the repeal of the Glass-Steagall Act. Following the subprime mortgage crisis and the Great Recession, almost nobody who defrauded ordinary borrowers or misappropriated funds has been prosecuted for it. This means that they can act with near-total impunity, and their willingness to exploit the financial sector is going to prove even more brazen during the next worldwide economic collapse. + +* President Trump has expressed a willingness to default on the U.S. debt, thinking that he can use federal bankruptcy to "make a deal". This is a remote possibility, but if Trump does in fact default on the U.S. federal debt, the entire world economy will collapse *instantly*. Literally overnight. + +I'm not an economist or an accountant, and am admittedly very limited in my understanding of finances, but I believe that the situation is far more dire than many people realize. Every nation on Earth - from the United States, to the United Kingdom, to Canada, to Botswana, to Japan, to Jamaica - will be severely affected by what will happen in the near future. I desperately hope that this is not the case, and that I'm speaking from a place of ignorance more than anything. However, I believe very strongly and with great conviction that we are going to experience an economic catastrophe within the next 2-3 years, one that will ruin or severely hamper the livelihood of billions across the globe. + +If I am wrong, please enlighten me. +Hi All, + +First time posting on Reddit as honestly, I'm at a loss on what to do. Me 25 UK going through UNI (COMP SCI) has left his job last month due to University making it nearly impossible to hold down a full-time job, Due to circumstances not in my control my Dad 86 has caught coronavirus. Doctors are saying it's not looking hopeful... I have spoken with him and we have both said our goodbyes as this may be the last time I am able to speak with him. + +The situation I and GF (who has lost her job due to COVID) was planning on moving back in with my parents however due to situation this is now impossible. In addition, my mum does not work and was relying on my dad for income she is now unable to pay the rent. + +I am honestly stuck and have no idea what we can do or apply for with my world crashing down around me especially with the heartache I feel from losing my dad. I'm coming on Reddit to ask advice on what to do in this situation. We are currently in an AIRBNB which only lasts until Sunday and will be Homeless coming Sunday. + +I have £1000 left in my bank account and with no job and no finances, I'm really worried about our future and my ability to look after my mum. + +&#x200B; + +Edit: (as I realized posting this may not reach all of you) sorry I am new to Reddit. + +Wow, + +Guys, honestly I just came back to Reddit and saw all of your posts. I will go through every single one apologies if I cannot respond to all of them but your overwhelming support has helped me realize there is hope. + +An Update from my situation: I have sent my CV around to various I.T Support roles and will take your advice on entering a help desk position. I will also take a look into UpWork as I can create websites and do other things with the knowledge from my ongoing COMP SCI degree. + +Regarding housing, for my mum, my dad had some hidden funds that will be able to cover her rent for 4-5 months. She has a house back in the Phillippines (which I did not know about) so I am trying to convince her to move back but as my mum but at the moment it is hard to get through to her which I understand as it's a highly stressful time. + +I and my GF have found temporary accommodation with a friend for short term which will help us get back on our feet. + +My Dad is making a hopeful small recovery and is now eating and drinking a little. But with your advice and words, I feel prepared mentally and have the tools I need in-case he does pass... + +Thank you all so much, words cannot express the emotions I feel reading your comments. I am glad to have posted here from the bottom of my heart I owe you all. + +I wish all of you good fortune and a safe 2021. + +&#x200B; + +Edit 2: + +I am honoured to have been the person to receive all this love and information from you all. + +I have never would have thought this would have so many people reaching out to me and helping, You have all helped me to keep my head up and push through this time. + +We have been offered through messages some personal help with Finance to these people I wish to thank you but please save this for other people who may be in more need. We are incredibly fortunate to have found a place to stay even if it is short term. Please save your money for those who are not so fortunate. + +People have reached out to me with possible job opportunities I thank you all for this as it is so reassuring in these troubling times that there are jobs available and I feel like I may be able to find work! + +I will continue the job hunt if you guys have any job vacancies for a novice HTML / CSS developer I would love to be a part of that, anything u can throw my way I really appreciate! + +I came to Reddit in search of help and received such an amazing amount of well-wishes / advice / job opportunities / loving & caring, I will never forget this. You are all wonderful people If I could somehow meet with all of you and take you out for lunch I would. I am forever in your debt. + +Thank you. +TL;DR: In 2006 a letter was posted by SEC regarding the title. In it they point out the fraudulent system design, lack of reg and action; to then say buy-ins are the way it is fixed. (Doc is shorter than it appears if you would like a look. Very good read.) + +Whats a buy-in? + +A buy-in in the financial markets is an occurrence in which an investor is forced to repurchase shares of security because the seller of the original shares did not deliver the securities in a timely fashion or did not deliver them at all. +(Easiest example is: when a security hits REGSHO, they start to try and figure out who FIRST FTD to have them buy in and deliver what they collected (fraudulently as nothing was delivered but pretended to be on your computer screen. The participant may or may not buy in. For example a MM has diff times they are held to compared to a broker. There was a study done years ago focused on a market maker and buy ins. They RARELY locate what they ftd. Anyways enjoy. + +Quote: + +THE ONLY KNOWN CURE +When an NSCC participant absolutely refuses to deliver the securities that it sold to a U.S. investor in a timely manner then there is one and only one “cure” to this fraudulent act and that is to “buy-in” the undelivered shares out of the open market and send them electronically to the NSCC participant’s “share account” of the buying brokerage firm and debit the NSCC participant’s “cash account” of the selling firm for the cost of the buy-in. In other words if an abusive NSCC participant refuses to “voluntarily” deliver that which it sold within a couple of days of the previously agreed to but unmet +2 + +“settlement date” then it must be “forced” to otherwise our markets would be totally overtaken by fraudsters accessing the self-fulfilling prophecy available involving the refusal to deliver that being sold allowing the gaining of access to the investment funds of unknowing investors. This self-fulfilling prophecy is easily accessible in any clearance and settlement system like ours in the U.S. whose foundation has been illegally converted into one based on the mere collateralization of the monetary value of a failed delivery obligation versus payment or “CVP” instead of the congressionally mandated “delivery versus payment” or “DVP” associated with the “prompt settlement” of all securities transactions. +The foundation for this entire multi-trillion dollar theft of the investment funds of U.S. citizens is based upon the 100% predictable refusal by the DTCC and its subdivisions to implement this only known “cure” available (a buy-in) when the sellers of securities refuse to deliver that which they sold. That’s why this issue is in need of close analysis especially as our financial system crumbles partly due to these abuses. + + +Here is another: + +SUMMARY +The management teams of the DTCC and its DTC and NSCC subdivisions clearly are not “powerless” to provide the only known cure (a buy-in) when its abusive participants absolutely refuse to deliver the securities that they sold. Recall that the previously agreed to “settlement date” was T+3. They willfully choose not to execute buy-ins of their bosses that steal investor funds because it wouldn’t be in their bosses’ financial interests to do so. +These management teams willfully defy their various congressional mandates in order to attend to the financial interests of their bosses. This results in the ability of these criminals to easily destroy any U.S. corporation and the investments made therein that they simply choose to target for destruction + + +Powwww! Right to the Kisser! + + +If the DTCC management continues to pretend to be “powerless” to buy-in delivery failures once they occur then the obvious solution would be to forbid FTDs from occurring i.e. the seller of shares cannot sell them UNTIL they are in place ready to be delivered by T+3. Due to the fact that there really are a tiny amount of legitimate reasons for delivery delays past “settlement date” then this solution would be tough to implement and the former solution would be preferable. + + + +Written by Dr. Jim DeCosta + + +Links: + +https://www.sec.gov/comments/s7-30-08/s73008-92.pdf + +The doc is 11 pages 😎 if you care to dive in! + + + +Tinfoil: we know they don fkd up already but they may have used some of the to do anything necessary verbiage to pull the Divi BS. I think RC knows about this letter and its from 06. Nothing seems to have changed. This could be another piece of ammo for the legal team / RC to use later. + +Drs yo shit nfa + +Edit: spelling of Dr. Jim DeCosta’s name corrected. + +Edit 2: downvote surge happening. + +Edit 3: ty for the awards! I would much rather some meme lords and twatter gods take this and get the dtcc trending and the sec for predatory practices and misinformation towards retail under the guise of “protection” + +Edit 4: DTC subsidies + +DTC +DTCC Derivatives Repository PLC +DTCC Data Repository (Ireland) PLC +DTCC Data Repository (U.S.) LLC +DTCC Data Repository (Japan) KK +DTCC Data Repository (Singapore) Pte Ltd +DTCC Deriv/SERV LLC +DTCC Solutions LLC +FICC +NSCC +DTCC Institutional Trade Processing Business Subsidiaries +I go to a casino and walk over to the first table I see. The sign above the table says, "Kelly's Game". The dealer says, "Place a bet and The House will flip a coin. If you win the flip, The House will pay you 150% your money back. If you lose the bet, The House will keep 40% and return the remaining 60% to you." + +"That sounds great," I say. *Positive expected value. If I bet a lot, I should expect to get 105% of my money back on average. That's a good bet.* "What's the catch?" + +"Ah, yes. There *is* one more rule," says the dealer. "You must bet all of the money you have each bet or not at all." + +How many times should I bet? + +My intuition tells me that the more times I bet, the better I should do. The law of large numbers should mean that over time, my overall winnings per bet converge on my expected value of 105%. In the long run, I feel like this is a rational bet. So, my strategy will be to make the bet 800 times and see where I am at.  + +Since I'm betting all my money on each bet, I can only actually test my strategy once. Let's think of that as a single universe, my universe, where we see a single unique chain of events. But, before I actually go to the casino and bet it all, I want to guess what my universe will likely actually look like. To do that, we will simulate a multitude of universes, each completely independent of the others.  + +Here's 1,000 simulations of my strategy where each colored line is my total bank, each simulating a single possible universe where I execute the strategy faithfully: + +[ 1000 simulations of 800 sequential bets of 100&#37; of the bank with 50&#37; to go 1.5x or 0.6x ](https://preview.redd.it/hm4rjm9ph0s61.png?width=820&format=png&auto=webp&s=e2dcc4d8c1cce3b68e8c7379987f0fbe34cb00f1) + +Notice the log Y scale. The dashed grey line with slope of 0 is breaking even. Negative slopes are losing money, and positive slopes are winning against The House. + +The dotted black line is what I expected to gain, 105% per bet for 800 bets, netting me an expected 80,000,000,000,000 more than I started with. If I take the average of an infinite number of universes, my mean return *is* equal to the dotted black line.  + +**But I only sampled 1,000 universes.** After 800 bets, only 1 universe in 1,000 has (just barely) more money than they started with. The more bets that I make, the worse it gets for me. The typical (median) return marked by the dashed white line is 1,000,000,000,000,000,000 *less* than what I started with (since you can never reach 0, you always get 60% back). I have a few tiny fractions of a penny left and a dying dream to recoup my money. + +**The typical universe is very, very different than the average of all possible universes.** I'm not from a mean universe. I'm from a typical, likely, universe. The median of a small number of samples more accurately reflects my reality than the mean of the infinite set. While the total money in all universes grows at 105% per bet, the money leaks from the typical universes to just a few extremely rare, lottery winner universes. There are some small number of universes in the set where I win an ungodly amount of money, but in almost every *other* one I lose big. + +Why is this so? In short, there are many more ways to lose money than to win money. Let's look at all four of the possible universes of 2 sequential bets: + +[ There are more ways to lose than win ](https://preview.redd.it/lsxlexpqh0s61.png?width=581&format=png&auto=webp&s=ce2b45e69f6aa175042115a605fa83be2b066e14) + +There are more ways to lose than win + +There is 1 way to win and 3 ways to lose. The average winnings are still 105% per bet, compounded to 110.25% over two bets, but 75% of the time you lose money and 25% of the time you win big. The more times you bet, the worse it will typically get for you since you are more and more likely to be in one of the exponentially growing number of losing universes rather than the rare, exponentially rich ones. + +In this game, the rational number of times to bet depends on how much you care about losing 40% or more of all of your money. Since I consider having a 50% chance to lose 40% of my money too unpalatable, the number of times it is rational for me to bet is zero, even though the bet is positive expected value. + +*Screw this game.* In the universes where I bet 800 times I've lost all my money. In one of those universes, I go back home and wait for my next paycheck. + +How can I win the game? + +When my paycheck comes in, I go back to the casino and back to the same table with the same dealer. "Your game is rigged," I say. "I want to bet against The House with my paycheck again, except this time I won't bet everything I own every time. I want to bet less and see how it goes."  + +The dealer considers this, and says. "Fine. But you must pick a percentage and you must make every bet with that percentage of all of your money." + +"Great. I'll bet half my money each time." *That way if I lose in the beginning, I'll still have money to bet with.* + +Let the gods simulate another 1,000 universes, using our new strategy: + +[ 1000 simulations of 800 bets of 50&#37; of your bank with 50&#37; to go 1.5x or 0.6x ](https://preview.redd.it/bmpxe4vrh0s61.png?width=820&format=png&auto=webp&s=a04440eeb61c3370265eb06b5773be63a9bb9e3c) + +After 800 bets, half of our universes have made money, and half have lost money. Keep in mind that **nothing has changed except how much of my total bank I use to bet**. My typical universe is doing much better than before, but a far cry from the 80,000,000,000,000 return that my infinite selves are earning on average. + +After 800 bets, I'm right back to where I started. The dealer says, "The House is feeling generous. You may now choose a new percentage to place on each bet. What will it be?" + +*Reducing my bet size improved my situation. Perhaps even smaller bets will continue to make things better.* + +"Twenty five percent," I declare as I lay down last week's paycheck on the table, again. The gods flip the coin 800 times in 1,000 universes yet again: + +[ 1000 simulations of 800 bets of 25&#37; of your bank with 50&#37; to go 1.5x or 0.6x ](https://preview.redd.it/nelmf21th0s61.png?width=820&format=png&auto=webp&s=56a84c6aec05d5a85dc58d732b05bc3628ca8096) + +Now my typical universe is making good money, most of them are up more than 10x, and some as much as 100,000x. Now, satisfied, I finally get up to leave the casino with my money in my pocket. *But, I have to know.* I look at the dealer and ask, "So what's the optimal bet?" + +Kelly's Criterion + +*In probability theory and intertemporal portfolio choice, the* [*Kelly criterion*](https://en.wikipedia.org/wiki/Kelly_criterion) *(or Kelly strategy or Kelly bet), also known as the scientific gambling method, is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. approaching the limit as the number of bets goes to infinity). The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. The Kelly Criterion is to bet a predetermined fraction of assets, and it can seem counterintuitive.* + +To calculate the optimal bet size use + +[ Kelly's criterion ](https://preview.redd.it/v73ctfjuh0s61.png?width=126&format=png&auto=webp&s=c097a3cf12753a0aa30c9216758ffc575fb02f71) + +Kelly's criterion + +where  + +**{b}** is the the percent your investment increases by (from 1  to 1 + b) + +**{a}** is the percent that your investment decreases by (from 1 to 1-a) + +**{p}** is the probability of a win + +**{q=1-p}** is the probability of a loss + +**{f\*}** is the fraction of the current bankroll to wager (i.e. how much to bet) + +Using the calculator, you can see the **the optimal bet size is 25%** of your money on each bet: + +https://preview.redd.it/3ke002qvh0s61.png?width=820&format=png&auto=webp&s=c481a3b92d16d77c3490e581bbbe399b73dc9343 + +Looking again at the above graph, that means that **the optimal betting strategy typically yields less than the expected value** for the strategy. + +Kelly's Criterion Bet Size Calculator + +[Here's a spreadsheet](https://docs.google.com/spreadsheets/d/1gXIAsFgf86_RPiiG8qfoKScj9e4v5DZp4k1FgvbTQC4/edit?usp=sharing) to play around with the above equation and calculate optimal bet sizes.  Make a copy and edit the cells highlighted in yellow to see what the optimal bet is. Read more in this [awesome Nature Physics paper](https://www.nature.com/articles/s41567-019-0732-0) and this [great article an AMMs](https://research.paradigm.xyz/uniswaps-alchemy). +🚀 STEALTH LAUNCHED! UNDER 10K MARKETCAP - PRIME OPPORTUNITY TO INVEST 🚀 + +One of the best concepts in Crypto! + +💧🐰 4 CumBunnies are letting the community decide which Bunny exposes themselves at marketcap milestones. Not to mention the tokenomics are great. They have a transaction tax where some of the tokens get burned, some of them get added to liquidity, some get re-distributed to holders and best of all ... THEY HAVE BUYBACKS AND BURNS ! This means dips get eaten consistently ! 💧🐰 + +Additionally, the liquidity is locked in Deeplock and the Ownership is renounced ! 🚀 + +They're a bunch of Naughty Bunnies that care about the community ❤ + + They've already paid for PooCoin ads and are increasing marketing as you read this post 🚀 + + I've witnessed them do the buyback and burn. Guaranteed SAFU and they are active within the community! 🚀 + +Be sure to check them out ! + +\----------------------------------------- + +💧 🐇 Cum Bunny 🐇💧 + +\----------------------------------------- + +TG: t.me/cumbunnytits + +Pancakeswap: exchange.pancakeswap.finance/#/swap?outputCurrency=0x782bb4901220c77ccef3b8c60a436ac6a67ffcc2 + +Poocoin Chart: 0x782bb4901220c77ccef3b8c60a436ac6a67ffcc2 + +Too many rugs? Not enough tits? + +🐇 Cum Bunny is your Answer 🐇 + +✅ Community Driven Token. 100% Safu ✅ + +🤫 Stealth Launched 🤫 + +✅ No Dev Wallet ✅ + +✅ Liq Locked: bscscan.com/tx/0x7eb3c69c25fbda7cd573754acf3197ea0da9ef063f4d2d7d7e03bc1a0e751f1c ✅ + +✅ Ownership Renounced: bscscan.com/tx/0xe57f3d730a6ae7bec204b5dafd452ce5a7b2fed8d24c1b15efaedf60edfcb294 ✅ + +🚀 Website at 100K marketcap 🚀 + +💧 Community Chooses to see one Bunny's Titties at 200K marketcap💧 + +💧 Community Chooses to see another Bunny's Titties at 400K marketcap 💧 + +💧 Community Chooses to see another Bunny's Titties at 600K marketcap 💧 + +💧 Community Chooses to see another Bunny's Titties at 800K marketcap💧 + +💧💧💧 Community Chooses One Bunny to make a free, fully accessible OnlyFans account at 1M marketcap 💧💧💧 + +\-------------------------- + +💵 Tokenomics 💵 + +\-------------------------- + +Total Supply = 1 Billion + +11% Tax on Every Transaction + +Tax Distributed as Follows: + +🤝 3% Distributed to Holders 🤝 + +🔥 3% for Buyback and Burn to buy those dips and keep the titty dream alive 🔥 + +💧 3% to Liquidity 💧 + +🔥 2% Automatic Burn 🔥 + +🚀🚀🚀 Cum Bunny TO THE MOON and see some TITTIES ! 🚀🚀🚀 +Catbread is a deflationary self staking token that doubles as the primary method of payment for a virtual arcade room that's being developed by the team. +Think of like inserting quarters and winning tickets, but instead you receive NFTs from a revolving collection. +They're also planning on adding a market place, NFT viewer, new artist launchpad and later down the road an app. Ultimately, they want to become a crypto version of Newgrounds. + +The ATH for this token was around 5 million and after the team restructuring, the project is rushing back up to it. With organic influencers and the first look that just dropped for Panman. +If not surpass it shortly. The lead has doxxed himself and plans to have a video AMA tomorrow at 1700 CST. +Speaking of devs, this team has been working non-stop all while keeping the community pumped up. Influencers have joined on organically. Chart is looking good. This is big, guys. + +They've updated the roadmap and site text. The first NFT awards for the games' betas have already been shown from the amazing artist they have onboard. +They've also just wrapped up their first NFT airdrops for the top 300 holders of the token. +Another top 200 NFT airdrop has already been announced. + +This project is going to be big, guys. With the volume coming in from the arcade mixed with the marketplace, the reflections are going to be insane! +You can check out the detail litepaper, tokenomics and updated roadmap on the site. + +Website: https://catbread.club +I'm honest with my friends and I trust them not to judge me but having to ditch on regular small things like dinners or movies I feel compelled to tell them that they're still dear to me and can't afford to do that fun thing with them + +Of course there's always free things we can do as friends like bike rides and back yard fires, it would crush me if anyone offered to pay for me, I hate feeling in someone's debt +I’m 28 and a recent college graduate. I currently have $350 in my checking and $7,000 in savings and another $1,400 in an acorns account set on $15 2x a week/moderately aggressive. + +My credit score is currently 585. I have a total of $50,000 in debt. $35,000 from school debt and $15,000 from credit cards. The 4 cards have been open for 5 years. I helped my parents with groceries, bills, and medical expenses, but they are paying me back on the cards and it should be cleared within a year or two. No minimum payments have been missed. + +I’m in between jobs, but I was a bartender through college, but I’m searching for a clinical research coordinator position between my PhD. I expect to make ~$18-20/hour in between that time and work at least 40 hours a week. At my aspired career, I expect to make $90,000 a year. I save 30% of my checks and use the rest for rent/groceries/bills. + +My rent is $300 and my bills are ~$120. I rent a house with four others. I own a completely paid off car, but I need to buy a new rear end part + +My financial goals: own a house with a wife, have a comfortable savings for family, 700 credit score, have a strong investment account, travel at least once a year, and help my parents but not sink my finances. + +My parents did not use money efficiently and I want to break the cycle, but I also want to be generous, yet not to the point of sinking my own life. + +Advice on best moves to make with money for saving/assets/investing/spending now to achieve my goals? +Hi all. Some of you probably saw my [SLABS post](https://www.reddit.com/r/Superstonk/comments/xei6c2/student_loan_asset_backed_securities_the_recent/) a few weeks ago that discussed the effect of loan forgiveness on the SLABS market. 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/). + +This part is going to smaller, but there was a significant change to the way loan forgiveness works which has a big effect on SLABS. Here's a snippet of what I wrote in that post: + +*" 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 thing I want to draw your attention to is that last part: the forgiveness plan DRASTICALLY effected FFELP loans, thereby decimating the SLABS market for those loans. However, the White House ***REVOKED ELIGIBILITY*** for some FFELP holders. [This NPR article](https://www.npr.org/2022/09/29/1125923528/biden-student-loans-debt-cancellation-ffel-perkins) explains: + +*" Today, according to federal data, more than 4 million borrowers still have commercially-held FFEL loans. Until Thursday, the department's own website advised these borrowers that they could consolidate these loans into federal Direct Loans and thereby qualify for relief under Biden's debt cancellation program. On Thursday, though, the department quietly changed that language.* + +***The guidance now says, 'As of Sept. 29, 2022, borrowers with federal student loans not held by ED cannot obtain one-time debt relief by consolidating those loans into Direct Loans.' Ultimately, this administration official says, roughly 800,000 borrowers would be directly affected.*** *"* + +This is a truly unprecedented change. If I was to guess, I would say that institutions felt threatened by the sudden loss of SLABS and the interest rates that come along with them and thus lobbied the government to reconsider forcing private FFELP lenders to allow for forgiveness. The article offers a little more clarity: + +*"In fact,* [*a new lawsuit*](https://storage.courtlistener.com/recap/gov.uscourts.moed.198213/gov.uscourts.moed.198213.1.0.pdf) *filed Thursday by six state attorneys general, makes this very argument. One of the plaintiffs, Missouri, is home to MOHELA, which manages both federal Direct Loans and these old FFEL program loans.* + +*"The consolidation of MOHELA's FFELP loans harms the entity by depriving it of an asset (the FFELP loans themselves) that it currently owns," says the complaint. "The consolidation of MOHELA's FFELP loans harms the entity by depriving it of the ongoing interest payments that those loans generate."* + +Honestly, I'm kind of shocked that the administration would rug pull hundreds of thousands of people like this just to preserve an asset for banks. I think this shows the political power of our financial institutions, and how they generally work against the good of the average citizen. I also believe that this backtracking shows that this market is something to keep an eye on, as obviously someone doesn't want it going under. + +I don't have much more insight beyond that, as this story is just developing today, however I will keep you guys in the loop as always. + +***Tldr: government backtracked on forgiveness for the group of loans that can be packaged into SLABS, thereby rug pulling hundreds of thousands of americans in order to maintain the asset for financial institutions.*** + +Remember: 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! + +Thank you all for reading and happy hodling and DRSing. +https://www.shell.com/media/news-and-media-releases/2022/shell-intends-to-exit-equity-partnerships-held-with-gazprom-entities.html +> The Board of Shell plc (“Shell”) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project. +Hey, my husband and I must bring a puppy from Wales home. Unfortunately, the puppy will be around 15 lbs, just a little too close to the weight limit for in-cabin flights on all airlines, and you can't fly first or business with a dog. + +Wondering if anyone will be flying private from Heathrow to ANYWHERE in North America anytime between now and mid-October. + +We could potentially: + +1. Fly back with you and split it +2. Send the dog in the carrier or a pet transport person if you don't feel like meeting us. +3. The dog will stay in the carrier with his head out. We aren't heathens who will have him running around. + +Whatever you feel comfortable with and whatever you want us to pay. + +And if not, does anyone know a transport service that would do this? I thought I would throw this out there because we need this dog, and he is a snub nose, so he can't fly anywhere but in cabin. Thanks. + +Edit: Thank you everyone. We are following up on all the leads today and tomorrow. There are so many good ones. I thought this was a lost cause yesterday. I appreciate all the help. Will let you know if I find any further information on the subject! +&#x200B; + +[\(glass bridge episode\)](https://preview.redd.it/v7hkqj0av2d81.png?width=1287&format=png&auto=webp&s=c2d5a1bbd7b7e07995de392655b58c60b6c7241a) + +NOT FINANCIAL ADVICE: + +I've been trying to accomplish this from different angles for months, but today was a breakthrough. Your success will hinge on broker willingness/policy (as it always has) BUT here's how to **box them in, demand transparency, and get what you want**. My broker is Pacific Premier Trust. Don't dismiss this until you try. + +1. Call your broker, state your intent to transfer your IRA GME Shares to a Computershare IRA. +2. Explain that you'd like to transfer your IRA, but based on some complexity with the receiving end (CS, who's not a typical broker), you'd like to **MERGE A 3-WAY CALL** between the broker and Computershare. +3. Add Computershare to the call (**1-800-522-6645**), verify your ID and speak with a rep. Then merge the call. +4. CS CAN *ELECTRONICALLY* RECIEVE IRA SHARES (AND SUBSEQUENTLY, HOLD THEM IN AN IRA ACCOUNT) VIA A **DTC W/T (WITHDRAWAL BY TRANSFER) TRANSMISSION.** They will need to include some other basic info (your TIN/SSN, the GME CUSIP, etc.). CS's DTC# (destination) is **7807**. **BROKERS KNOW HOW TO DO THIS TRANSFER.** The CS rep answered some other questions which my broker had as well, because this is not a typical type of transfer--that's what they need to realize. It's an IRA transfer than needs to be "pushed" from your broker, rather than "pulled" from CS (like a broker typically would). + +**FINALLY my broker has confirmed they can do this, and it is NOT taxable. I've been trying to navigate this for months, but the 3-way call is what unlocked this and prevented them from blaming it on CS, or lying that it was not possible or taxable.** + +Because my current accounts with CS are not IRA accounts, this will create a new IRA account holding GME SHARES AT CS (confirmed this with multiple CS reps now). + +To complete the process, my broker simply needs a form filled out with a letter of intent to proceed (this will be broker specific--it's for their own records). I'm working through this now. + +I'll confirm once fully completed, but it's the most promising lead/path I've seen in months, and I wanted to get the word out ASAP. + +Try this out and let me know what you learn based on your brokers. + +[LFG team](https://preview.redd.it/rmudbft1x2d81.png?width=1017&format=png&auto=webp&s=435fa6f8632397044a1e7974bae504abd688cf3c) + +&#x200B; + +EDIT 1, 26-JAN-2022: Paperwork was all submitted yesterday... \*fingers crossed\* + + + +Edit 2, 2-FEB-2022: Despite the initial three-way phone call confirming this was doable, I was unsuccessful. Here’s why: for a traditional IRA, shares being directly in your own name means you actually own them—which, legally and by design, you cannot for something you haven’t yet paid taxes on in your traditional IRA (which is why you **must** have a custodian if they are to remain traditional IRA shares). Additionally, as you know (and despite one Ally ape who found a loophole) CS cannot (yet) be the custodian for your traditional IRA of GME shares**. Presently, a Computershare GME IRA MUST BE AN “FBO” account to show it is managed by the custodian. HOWEVER, options are emerging here**: I’m rigorously pursuing a plan which u/winebutch posted about recently (link below). Here’s the quick summary of your best custodian options traditional IRA GME shares though: + +1. Non-broker/bank affiliated trusts who are their own custodians (such as Mainstar). + +2. Finding a Credit Union who can act as an IRA Custodian and DRS shares. + +3. Forget finding a custodian, YOLO, and take a taxable distribution (minimize taxes on this dip and negate any risk of access to your shares the moment you want it). Also, I’m not fully up to speed on the *Roth* IRA front, but I believe a distribution on this dip could be your best option regardless. + +4. Some mix of the above three options. + +[https://www.reddit.com/r/Superstonk/comments/scpxs9/another\_path\_to\_drsira\_with\_no\_taxable/](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/) +Why would prices fall today, if they have to print trillions to service the national debt year after year? Is this the reason so many institutional investors are buying houses? +German ape here. + +I just had 7 minute call with ***Inga Oldenwurtel*** \- the press representative of the ***DMSA Deutsche Markt Screening Agentur GmbH***. She answered the call on my first attempt and was openly to talk. + +Within the first few sentences spoken, she told me that if i want to have detailed insight on what is going on, she would need to forward my call to ***Dr. Marco Metzler*** himself. But she also said that he most likely does not have the time right now as they are getting flooded with requests.I declined that, because i didn't want to waste the mans time, as i already agree with his thesis that Evergrande defaulted and China is kicking the can. I will write her a mail and ask if she can organize a call, just out of curiosity. + +She advised me to follow Dr. Metzlers LinkedIn Page, which was already mentioned multiple times in the sub. Furthermore she told me that Dr. Metzler used to work as an analyst for Fitch and was CFO of the Prisma Life AG, an insurance company based in Liechtenstein and founded in 2000.Dr. Metzler is also a graduate of the EBS Business School which is of the world most famous business schools. Fun fact, i live within 15 min reach of this school and know people who graduated from there personally. People from everywhere come to this school, especially a lot from Asia. + +I also mentioned that the website of the DMSA is lacking still information about the company, looks a bit sketchy because it comes from the same toolkit as the website of the [DFSI](https://www.dfsi-institut.de/) and [SFSI](http://www.sfsi.ch/), which are related to the DMSA as they are associated the with ***DSMA CEO Michael Ewy***.She is aware of that and told me she will talk with Dr. Metzler about it, because she understood why the DMSA might seam sketchy from the outside. She also told me that was just hired, especially for the whole Evergrande story. + +They are aware of what kind of topic they are working on and how critical it and its consequences might be, i especially quoted them from their latest press release with talks about the "The Great Reset" and "Meltdown of the financial system". I mentioned that UBS seams to be one the biggest holders of Evergrande bonds based on this [DSMA report](http://www.dmsa-agentur.de/download/20211024_DMSA_EVG_RR_en.pdf). She was aware of that and also mentioned HSBC as one of the biggest holders. Interesting note, based on their report Fil Ld (Fidelty) and Blackrock are the biggest holder. + +**EDIT**: An ape by the name u/Furry_Samander pointed out that this NOT the same fidelity that we all know. Its this one, which is basically independent: [https://en.wikipedia.org/wiki/Fidelity\_International](https://en.wikipedia.org/wiki/Fidelity_International) + +If u want to stay updated, please follow Dr. Metzlers [Linkedin](https://www.google.com/search?q=dr+marco+metzler&oq=dr+mar&aqs=chrome.0.69i59j69i57j69i60l3.1160j0j4&sourceid=chrome&ie=UTF-8). (seams like u need to be registered on LinkedIn) + +Mods hit me up, if u want prove. - hope the flair is right. + +**IMPORTANT, maybe the whole DSMA and Dr. Metzler thing don't change a thing. It doesn't matter for GME, what matters for GME and will change something is that you DRS your fucking shares. We don't know exactly how a Evergrande default and the aftermath will influence GME, therefore for me the whole DSMA Arc is a spicy bonus, which might get something rolling!** +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! + +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? +Make sure the person you’re dealing with is the owner before you cough up money to avoid a rental scam. If they won’t provide identification, move on to the next property. If they’re an agent, ask for business card / identification and call their office to confirm they are employed there. I was emailing back and forth with someone about a property yesterday and as soon as I asked the guy what his relation was to the owners, since he wasn’t listed on the public record, he disappeared. +These are available in most or all cities and towns, and accessible to anyone. It normally takes about 1 minute and you’ll save yourself money and hassle. +[SOLVED- Update at bottom] + +Hey all, + +I recently got a big promotion and started a new position making ~$10,000 more per year. I went from earning $44,000 and some change to around $55,000 and some change. I receive some extra taxable income in the form of tuition remission to the tune of $4100 a year which may be some of the reason. I am still unsure though. + + +Naturally, I was ecstatic! It was a huge jump and I was so excited to use the extra $10,000 to save. To my dismay, I got paid my first full paycheck and the net is only $25 more than at my last position. Nearly half my earnings are deducted. + + +A closer look reveals that my state tax is something like 2.25x what I was paying before. My federal tax withholding went up by 3x. From about $284 a month to a whopping $859.29. + + +I also owe some of these deductions to things like healthcare, parking, dental, etc. but those increases are in the 10s of dollars… + + +I knew I’d probably lose some of the extra pay to taxes… but is this really correct? I feel so cheated… + + +Edited to add: + + +State: New Mexico + +Status: Monthly/Salaried + +Gross: $3428/$4599 + +Take Home: $2232/$2253 + + + + + +Deductions: + +Health/Parking/Mandatory Retirement- +$585/754 + + +Federal Tax- +$284/859 + + +State Tax- +$93/241 + + +Social Security- +$200/400 + + +Medicare- +$50/95 + + + +Edit #2: Thank you all so much for the help. I believe it is due to my tuition benefits being taxable and the excess being taxed in these next two pay periods. Contacted my HR and they confirmed this was likely the case. If my January paystub comes back with the same messed up deductions, then I will reach back around. I appreciate all the insight for you all- I was sure it didn’t seem right but was also concerned that I could be incorrect and didn’t want to seem a fool. +Hey investors + +I want to invest my savings in some index funds with a good diversification. The biggest focus should be on the US markets like the vanguard SP500 ETF but also a part in global and international stocks just to not rely fully on it. I was thinking about a part in for example the VUSA and a part in the vanguard all world FTSE (VWRL). And a smaller part in some bonds. Emerging markets should be covered with this. +  +I am from Europe, 33 years and investing in Euro so I can’t invest in the original mutual index funds but in the ETFs mostly based in Ireland. Also because of tax reasons, it should be possible to accumulate dividends. But I read that for most index funds ETFs there is always a distributing and accumulating version.  + +Please send your recommendations. I am happy and thankful for any tip. Just be aware that it should be available in Euro and on most common brokers like IB/ Trade 212 / Degiro.  + +Thanks a lot. +Hi Reddit, + +I'm a first year CS student, and I hope to pursue a career in quantitive finance (Quant researcher, quant trader, software engineer, something along those lines). After my first year, I'll have the option to double major with CS. My options for my second major are: Economics, Statistics, Math, or Commerce (Basically business). In terms of skills required and how it'll look on a resume, which major do you recommend I take? Thank you all in advance! +Hi all! Purposefully leaving some details blurry for privacy reasons. + +**THE PROPERTY:** +Property is a 4-plex with 3 more detached units withOUT a kitchen/sink. Total of 7 living units but I believe only 4 (the original 4-plex in the lot) have kitchens/sinks. It is located in the **US in a very remote but also very touristy location.** Average tourist day tour in said location is about $500/day/person for a kayak/boat/fishing/flying trip. It is expensive to get here so the people that do get here tend to have money. Aside from tourists, the town itself is small. All 7 units in the property are 2-bed 1-bath and are rented by the entire apartment for $400/night during the summer season (May-September) and for $100/night for the Winter season (October-April.) 2021 revenue will be \~ $200k. Maintenance costs are about $10k/yr. + +**OWNER & WHY THEY ARE SELLING SUCH A CASH COW:** +Owner is very close to retirement age. Has owned the place for 5 years, when they built the other 3 units aside from the original fourplex. Owner is not from here and their cancer has now returned for the 3rd time. With their first grandchild being born several states away, they no longer want to deal with the property. Want to move somewhere less remote with good hospitals nearby. They waited one last summer to rake it in, and are now ready to cash out, sell, and move far away. + +**ME AS AN INVESTOR** +I'm a noob. The property is expensive and more than I would qualify on my salary alone. As such, looking into buying this property with my boyfriend as my legal partner. We both make about $150k+/yr each for a total income of $300k+ (my compensation can go even higher based on commission, his can go even higher based on overtime.) I recently bought a 4-plex in another state that'll bring in about $30k/yr so I'm an owner-occupied FHA there. My partner hasn't bought anything ever. We both have no debt. + + +**QUESTIONS** +If the $200k/yr revenue is true, this seems like the deal of a lifetime. Mortgage would be about $50k/yr and even with maintenance and management, we'd cash flow easily north of $100k/yr. So... + +\- What am I missing? +\- What questions should I ask? +\- Is this too good to be true? +\- Cash on hand, we can put about 10% down which is short of the 20% the property requires. We could get a gift from family for the other 10%, but aside from that, any other financing options? Creative financing? +\- Any other words of wisdom? + +The place is very remote and my best guess as to why investors are not jumping in all over the place is due to the remoteness. Deal was not in the MLS or zillow and seller is selling without a realtor. We found it through a super local ad. +EDIT: based on all your responses I have created a new post that tackles this question from a different angle: https://www.reddit.com/r/financialindependence/comments/8ac4ry/choosing_your_personal_withdrawal_rate/ + + +I know - this is unorthodox but hear me out. And obviously the below depends on what you want out of FIRE - I understand a 3-4% withdrawal rate may be the right option for some of you. + +When reading through the posts and comments, I’ve noticed a trend on this subreddit to lower the SWR from 4% to somewhere in the 3 range. People give many reasons for this: I want to be extra safe, the market may not have as good of returns as it did in the past, I have a longer than 30 year time horizon, etc. + + +This is not surprising - most people on this subreddit are risk-adverse by nature and 3% feels a lot less risky than 4%, so why not? I think (for most people) this is a big mistake. + +I will get into the details below, but largely there are two reasons - 1) A lower SWR has a large opportunity cost while only protecting against a potential risk. 2) The SWR rate, as typically discussed, is rigid and naive. + + +1) A lower SWR has a large opportunity cost while only protecting against a potential risk. + +Why do you want to FIRE? While there are millions of reasons, most are some form of - I would live my life differently, if I didn’t have to worry about earning money. This may mean stop working, working somewhere else, volunteering, traveling, etc. The point is, every year you are not FIRE you are not living that life (yes, yes, you should be living the life you want even when you’re not FIRE - I think the point still stands). + +It seems that when picking a SWR, most people don’t fully appreciate the opportunity cost of lowering it 1-2%. Let’s take an example of a 45 year old with a current net worth of $725,000, who wants to spend ~40,000 a year in retirement (and let’s say they have an income of 70k post tax). If they use a 5.5% withdrawal rate - they could retire today. If they want to do a 4% withdrawal rate, they will need to work another 4 years. If they want a 3% withdrawal rate, they will need to work another 8 years. + +This is a MASSIVE cost. If this person lives until 90, they are giving up 9%/18% of their FIRE time. Additionally, they are giving up the BEST FIRE time while they are still young enough to do what they want to do. This person incurs this cost 100% of the time. + +I hope I have convinced you that if you are thinking of lowering your SWR rate (or not raising it), you should first internalize the massive cost it has. + +So now you are probably thinking - sure it has a big cost, but it also has a huge benefit - lowering your chance of going broke in retirement! + +That brings me to my second point: 2) The SWR rate, as typically discussed, is rigid and naive. + +There are 4 reasons to not worry greatly about a too-high withdrawal rate: +A) A failure only happens some percentage of time, and when it does, you can tell within a few years +B) In bad cases, you can always adjust your withdrawal rate +C) Many people’s income in retirement will not go to 0 - but instead just decreases substantially +D) In really bad cases, you can always go back to work + +A) The first thing to realize about lowering your SWR is that it is only beneficial some % of the time. According to FIREcalc, a 5.5% SWR will succeed 62% of the time, a 4% SWR will succeed 95% of the time, and a 3% withdrawal rate will succeed 100% of the time. This means that 62% of the time - working 4-8 extra years will not have benefitted you! Additionally, it is not like you will wake up when you are 85 to learn if you are in the 62% or the 38% - other research has shown that the returns of the first few years are massively predictive of success vs. failure. This means that if you do get unlucky, you will know quickly and be able to do something about it. + +B) As typically discussed, the SWR says - a person will take out $X regardless of what happens year after year until they die - which is obviously ridiculous. Research has shown that lowering your withdrawal rate if your portfolio drops substantially increases your chances at success. So if you are willing to be flexible in your spending (which I think most here are), then you’ve just reduced your risk quite a bit. + +C) This only applies to some of you - but I know that most people’s post FIRE plans do not involve their income being 0 forever. Some people want to work at a lower paying job, some people want to work part time, some people enjoy their side hustle, etc. If you want (or wouldn’t mind) doing something that makes even a little money post FIRE - once again, your chances at success just increased drastically. + +D) Let’s say everything goes terribly - the market crashes, you can’t lower your spending, etc. You can always go back to work for a few years. Remember, THIS IS WHAT YOU WERE GOING TO DO ANYWAY! You were already going to keep working for 5 or more years to get your SWR lower - in this way of thinking about things, you only have to IF things go terribly. If things go well, you just saved yourself years of not FIREing. + + +I want to emphasize that I understand that this doesn’t work for everyone for various reasons - maybe your biggest goal in FIRE is security or maybe your 100% never want to work again. Maybe you are already leanFIRE and couldn’t lower your spending if you needed to. + +The point of this post is to try to get people to think of choosing their SWR as a cost/benefit analysis. For me (and I think many others), the costs of not FIREing for years are quite high and the benefits of a lower SWR are pretty low. + +Thoughts? Did I miss something? I want to know what you all think. + +EDIT: Thank you all for your responses! 2 points have been raised frequently that I would like to respond to: +1) You can’t simply go back to work - after being out of the job market for a long time, trying to find a good job will be very difficult (especially because it will probably be a recession). + +That is a great point, and the extent of how true it is will depend on many factors like your line of work, your current income, etc. I do have 2 counterpoints though: A) People seem to be focusing on this and forgetting that it is the worst case scenario. This is only relevant if the market does terribly, you can’t lower your spending enough to compensate, and you have $0 in retirement income. The chances of all three of these being true strike me as quite unlikely (though it obviously depends on your situation). I’m thinking probably <10% for most people. B) You don’t need your old job or your old income - in fact, you probably need very little income and can do things like part-time work. Let’s take our example of the person spending 40k in retirement which is a 5.5% WR. If this person lowers their spending by 5k and then gets a part-time job earning only 10k a year - suddenly they are withdrawing only 25k which will help them manage until the market recovers. + +If that sounds terrible to you then maybe a 3-4% withdrawal rate is right for you! My point is that people should consider that those are options when they face the decision of whether or not to work 5 more years. + +2) P/E values are high, what if your spending goes up in retirement, what if you face a large medical expense, etc. + +Again, this is a good point and because of it, I probably shouldn’t be recommending specific WRs. Many of you can certainly do a better job than I can discussing the safety of specific WRs. My point in general is that when people consider different WRs, most don’t fully take into account different options they will have and the costs/benefits associated with them. So if you think that a 2% WR will have a 96% success rate instead of a 4% WR - they I hope this post makes you consider the option of going with a 3% WR. +This post currently has 2800 upvotes and counting, but it's mostly false information/numbers [https://www.reddit.com/r/Superstonk/comments/oceujq/sorry\_if\_this\_has\_already\_been\_posted\_finra\_is/](https://www.reddit.com/r/Superstonk/comments/oceujq/sorry_if_this_has_already_been_posted_finra_is/) + +EDIT: The original poster I linked saw my post and deleted his. + +So I thought I'd go through the actual 13F forms filed with the SEC to confirm the real numbers as of march 31st. Not trying to unjack tits, but false information is false information. And i'm 99% certain that these correct numbers have been shared previously on this sub sometime in may or june. + +This isn't even all of the institutional ownership, there are a lot more smaller holders in the low 100,000s or sub 100k range. And those definitely add up. As well, there are (or was, before russel rebalancing) over 12 million shares in mutual funds as of march 31st. These numbers should start being updated via 13Fs in august from June quarter end. + +Regardless of the false data and actual numbers below, it's quite clear that retail investors world wide own much more than the available float. + +https://preview.redd.it/l7fp2fijwu871.png?width=1859&format=png&auto=webp&s=445a9358f1f92c114e619ea54ccc4ea33662bc63 + +Blackrock 13F data: https://sec.report/Document/0001086364-21-000038/form13fInfoTable.html + +FMR LLC 13F data: https://sec.report/Document/0000315066-21-001551/20210517_FMRLLC.html + +vanguard 13F data: https://sec.report/Document/0001104659-21-066511/ + +dimensional 13F data: https://sec.report/Document/0000354204-21-000701/13F_Q1_Final.html + +state street 13F data: https://sec.report/Document/0000093751-21-000556/InfoTable_100_v1.html + +charles schwab investment management 13F data: https://sec.report/Document/0001085146-21-001720/ + +geode capital 13F data: https://sec.report/Document/0001214717-21-000010/GCMLLCQ1202113F.html + +northern trust 13F data: https://sec.report/Document/0001256484-21-000018/ntc-13f-comb-2021-03.html + +Jane street 13F data: https://sec.report/Document/0001595888-21-000015/13F-InfoTable.20210517.html + +invesco 13F data: https://sec.report/Document/0000914208-21-000429/form13fInfoTable.html + +morgan stanley 13F data: https://sec.report/Document/0000895421-21-000363/ + +ameriprise 13F data: https://sec.report/Document/0000950123-21-006837/0000950123-21-006837-4273.html + +nuveen 13F data: https://sec.report/Document/0000950123-21-006875/0000950123-21-006875-4537.html + +arrowstreet 13F data: https://sec.report/Document/0001164508-21-000003/13f20211.html + +bank of new york 13F data: https://sec.report/Document/0001390777-21-000051/ + +swiss national bank 13F data: https://sec.report/Document/0001582202-21-000002/ + +rhumbline 13F data: https://sec.report/Document/0001115418-21-000004/Q1_2021_13F.html +Hi everyone, how are you doing? + +I can't believe the subreddit hit 280,000 members in the last month. It's mindblowing how quickly it's grown. Looking at the traffic stats, it looks like we have WSB to thank for that (If we save just one YOLOer from themselves, I figure we've all done a pretty good job): + +https://i.imgur.com/QAkGN7i.png + +The subreddit grew by 85,000 members in a week! However, this kind of explosive growth can be quite painful for a community, and the requirement for mod intervention has increased massively lately. + +This is coupled with another trend - a growing number of members are trying to make video content, and this has caused concern for some. + +We have always tried to moderate as close to silently as possible - rather than making a public spectacle of removals and bans, we try to enforce the rules with minimum disruption. Most of the time (if I say so myself) this works pretty well, and I would say the quality of content and help at UKPF is higher-than-average for a subreddit of its size. + +To try and give you an idea of just how much work is being done behind the scenes, the (relatively small) mod-team have taken 2,537 moderator actions in the last month - these involve approving posts and comments, removing rulebreaking posts and comments, and banning users. There are five mods, excluding the bots, and none of us benefit directly or indirectly from our involvement in the subreddit. + +We also make use of automoderator and a custom bot to help with moderation. In addition to our manual interventions, the bots have take 25,206 moderator actions since the new year. This is mostly requiring new posters to read and agree to our rules before making a thread, but also removing threads that the mods have tagged as rulebreaking (to prevent the harrassment of individual mods in this case). + +Effective moderation is also reliant on community engagement - we can't vet anywhere near every post and comment for rule-breaking, and rely on members reporting content for review. + +The rules that we enforce have grown over time, and are as follows: + +1. Be nice +2. No low-effort self-promotion or solicitation +3. Read our wiki and sidebar first +4. No discussion of gambling incentivisation (i.e. matched betting) +5. Discussion should be on-topic and in-depth +6. No trolling, low effort content, bots or memes +7. No politics +8. No market or exchange-rate timing questions +9. No discussion of unlawful activities +10. Don't judge people +11. No referral codes or schemes +12. Discussions must be in public (i.e. not inviting DMs) +13. No donation or money requests +14. Do not delete posts or comments after making them +15. No unanswerable questions (or questions that can be answered with a simple yes/no) + +**So what?** + +This thread serves a couple of purposes, in addition to a general update: + +First of all, there has been an uptick in "gripe" threads. People complaining about elements of the subreddit they don't like. One sad truth is that with a subreddit of this size, there are _guaranteed_ to be bits of it you don't like. Our interest is in serving the community as a whole, and as that community gets bigger that task gets harder. + +This is your opportunity to gripe, on the condition that it is *constructive*. Tell us what should change, what is going wrong, what you like, what you would like more or less of. **The one rule is this: Don't complain about a problem without putting forward a potential solution.** + +Secondly, tell us what you think about the ruleset, whether it still serves the community, and if it doesn't, how you would change it. Should we be more visible/public about enforcing the rules? Should we change the rules? If so, how? + +Please don't be offended if a suggestion you make isn't followed. We do our best to base our approach on our perception of the community's need, and are happy to be challenged if people don't agree, but we need to weigh up the costs and benefits not only to you, but to the subreddit as a whole. + +We can't please all the people all the time, but are genuinely interested in the input of members new and old. +I really want to get into stock market machine learning and algotrading. Seems like a lot of people on here have been doing it for a while so if they could pass on some hints to a newbie that would be great. Where/how can I get started? + +Edit: Already know the foundations of programming and would say I am a very new beginner in machine learning. +Hi, It seems like most people are burning with assignment or price going really high in covered calls. Or Losing quickly. + +Are there people here who been doing 2+ years theta with consistent profit? If so how is your return looks like and what do you suggest to new comers. +> [The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. The decline was due to a drop in the number and average price of purchases. Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 valued at $121 billion in the previous period.](https://www.cnbc.com/amp/2019/07/17/foreign-purchases-of-american-homes-plunge-36percent-as-chinese-buyers-flee.html) + + +Being relatively new to REI, I'm curious as to what more experienced investors in our community think of this unfolding event. Will this loss of confidence in the US Real Estate Market have an effect on property values? Is this a potential sign of a market correction? + +Cheers and have a great day! +Why do people install cooking surfaces with no ventilation? I thought it was a requirement to have ventilation over cooking surfaces, but I keep seeing places with either no ventilation, or ventilation that blows right back into the kitchen - what's the point of that? I wonder why someone would not just put a vent hood and vent it outside? See example. Do these people not cook? Do they not realize it smokes up the living area when you cook and don't have ventilation? + +I see a lot of these flat stove surfaces on cabinet tops with no range exhaust hood. Or a stove with a built in microwave with exhaust hood mounted over the stove, but the the exhaust doesn't go anywhere, just back into the room lol. + +Since I can't post a picture, here's an example , [https://www.redfin.com/FL/North-Miami/11930-N-Bayshore-Dr-33181/unit-1109/home/42863169](https://www.redfin.com/FL/North-Miami/11930-N-Bayshore-Dr-33181/unit-1109/home/42863169) + +If I buy x20 stocks of a particular company on an app like Robinhood for example at $6 each, I spent $120 and I now own x20 stocks of this company until I decide to sell. I can decide to sell at any time I want. Stocks go up and down in price all the time so as long as I sell on a day when the stock price is higher than what I paid I will make a profit. I will only lose money if the stock price goes down and then it NEVER goes back up. +————- + +It can’t possibly be this simple. There’s always stories going around about how people lost tons of money with stocks and I question why didn’t they just hold onto their stocks until the price goes back up? Please enlighten me with how stock buying and selling actually works, if not as I’ve explained. +I claim to be a disciple of Al Brooks, who preaches faith and simplicity in reading print, yet this weekend I went on a relentless hunt for “THE” breakout/momentum indicator to aid my trading; against me knowing better than that— and this morning, it got me cut up. + +Anyone else ever had this happen? Where you add 1 or 2 indicators then forget how to read the chart and position properly? + +If you’re curious: + +I went hunting this weekend for some sort of momentum oscillator after having a really good week last week paper trading the ES. For whatever reason, I felt the 20 EMA didn’t supply my needs for breakout indication, so I added MACD + MFI to my chart. + +I started the morning with one successful trade, then tanked from a $4,250 paper balance down to $1,100. + +Maybe it’s just me, but I felt utterly lost on my reads with those added indicators adding unneeded noise. +Hey Everyone, + +Just wanted to know what you think of enbridge going forward. + +Dividend is awesome and price is not bad and seems to be rising. + +Would this be something good to get into going forward? +27yo, Based in Sydney, don't own anything but a shitty car. Due to a passing in the family I inherited roughly $2 Million. + +I've read the simple guide to wealth and a couple of other books to get a baseline understanding of things but I would like to speak to a professional, and one that deals in large sums of money like an inheritance. + +I make ~80K a year so don't plan on stopping working. + +And yes, I haven't told anyone, except immediately nuclear family who know for obvious reasons. + +Recommendations are much appreciated. +Just opened a brokerage account with Fidelity and added 5k waiting for the cash to settle. Is it a good time to invest if FXAIX or FSKAX/FTIHX (70/30) if i plan to keep there for long term? +I am in a great mood today and want to try to spread some confidence. I know life can be hard, and finances makes it a lot harder than it has to be. My wife, myself, and our 3 month old baby live on a single income with no assistance other than renting a house that is based on my income. I make about $33,000 a year with base salary, benefits, and commissions. Yes, we may not be in the best situation, and we don't have the most or nicest things, but even with our low income it's still possible for us to live, and even save! We pay close to $300 extra on my car every month and expect to pay it off next summer 3 years short of maturity. Most importantly though, we are happy. + +I'm no expert, and nowhere near perfect but here are some tips I have for budgeting: + +* Actually do it every month, there is no way you can just copy and paste it from month to month +* Keep it simple, we like to line item everything we have, instead of food $600 we have groceries $300, monthly restaurant $26, emergency fast food $30, farm produce $24, and so on. When you have a small line item you are more careful with what you have on paper +* Keep an overflow, but not too much. We usually keep about $50 each month for that inevitable "oh no, I forgot I need an oil change!" Once you get really good at planning you won't need it as much, but that peace of mind makes budgeting seem easy. +* Trust your budget. Once you get it down don't hold your payments until the last second, just mail that check! + +If we can do it, anyone can do it! You just have to believe in yourself and stick to your plan. Nail that budget down, eat at home as much as possible, be thrifty, and learn to say no to that new TV. You guys got this, together we can all win at this money thing! + +Edit: Thank you for all of your kind words! A few people have asked for me to lay out the budget so here it is [https://imgur.com/a/OSmDh3e](https://imgur.com/a/OSmDh3e) . This month is a pretty big month for commissions so we decided to have a bit of fun and buy a few things that we've been wanting for a few months. The non-recurring stuff is most of that, and we are going to go on our first date since the baby so we pumped the restaurant budget up a tiny bit. It's important to have a bit of fun from time to time! + +Edit 2: I use Everydollar to budget. I used Mint for a little while but I found Everydollar to be easier to use. Linking your bank account seems like a good idea, but in my experience having the delay hurt me a lot, so I ended up manually entering everything anyway. + +Edit 3: A few FAQs. + +* How do you get internet for $4.99 a month? I work for an ISP and reimbursed for the majority of it. The mobile phone is also mostly paid for by my employer which is why it's so cheap for 2 lines. Both of these were factored into my benefits. +* How is your rent and utilities so cheap? I live in Tennessee which I think is one of the cheapest places to live in America. The duplex we live in is normally $564 a month, but it is based on income so we pay $444. Electricity is the only thing we have to pay for in it because there is no gas, and each duplex shares a water meter, so they can't split it between the 2 units. The place isn't very nice I'm not going to lie, but until I can get my income up we're going to stay here and save as much as we can. +* Why DotA 2? Because it's fun, and I like the tracking that comes with DotA Plus subscription. +* How do you eat so cheap? My wife is extraordinarily good at shopping for deals, Aldi is great if you live near one! We eat different stuff every week because she only buys stuff that is on sale. We eat well and healthy too, tonight we had pork chops and Brussels sprouts. Also small stuff like buying whole chickens and cutting them yourself saves quite a bit of money. We spend about $20 for 4 chickens, which is about 6 meals worth of meat. + +Edit 4: Thank you kind stranger for the gold! In true DotA fashion [Thanks for the gold!](https://d1u5p3l4wpay3k.cloudfront.net/dota2_gamepedia/b/b9/Wind_lasthit_07.mp3) +IF and thats an IF, we are entering a correction lets see if my rule of thumb holds up...we crash to a low of 80% of the bull run. We based at 300 with a high of 518. This run was $218 * .2 = 43 + 300(base) = 343. I predict over the coming weeks we hit a low of around 330-345...thats the strong buy zone. MARK IT. + +last bull run started at a base of $50 with a high of $420 which is a bull run of $370. $370*.2+50 = $124 which is around where we bottomed before. + +We will bounce back harder and stronger every time. + +HODL and ACCUMULATE +I've spent quite a lot of time studying and modeling various hedging strategies to provide good downside protection against market crashes with the lowest possible cost. A couple weeks ago I think I finally found what I think is the best answer: long HYG puts. HYG is a corporate junk bond ETF. As a bond ETF, the volatility is typically very low (like \~7% IV) and this makes slightly OTM puts extremely cheap, especially when overall market volatility is low. But as a corporate bond ETF, it sharply tanks during times of credit crisis since the risk of default goes way up. You can see this mean divergence behavior on the attached chart. + +[HYG price history since 2007](https://preview.redd.it/1lla9puno0081.png?width=2910&format=png&auto=webp&s=671cfdc6d3784b0a21a696da1fe9b02d00f7cf83) + +This makes it an ideal candidate for black-swan hedges by buying OTM long puts on a monthly basis. And I'm not the only one who thinks so -- look at the MASSIVE open interest on OTM puts: + +&#x200B; + +https://preview.redd.it/vjptkvudp0081.png?width=1530&format=png&auto=webp&s=e988c10ad41e1742c4d06a25e619f0c31772f20f + +Anyways, hope this is helpful! + + +The crypto market has gone mad recently. It all started with an innocent dog staring a bit nervously into a camera. + +The DeFi world has become something of its own Wild West. There are no rules and almost every project comes out of nowhere promising a moon landing overnight. + +Everywhere you look, innocent investors are getting ruged. +You might be at a point where you ask yourself: What project can I trust at a time like this? + +Let me tell you a few things about Dogira, based on which you can form your own opinion about this project. + +- Lead developer, Eoghan Hayes, is doxed, as well as all other team members. + +- Eoghan developed a number 1 Steam game (Split or Steal) that was downloaded over 150,000 times. + +- He worked on Dogecoin in 2013/2014, and helped implementing Digibyte’s Digishield Gravity Well Algorithm into Dogecoin. + +- You have the possibility to ask the community or the team members all kinds of questions or about concerns in the Telegram group. + +- Dogira has 3 confirmed partnerships with FEGToken, Bingus, and Vira-Lata Finance. + +- The blockchain gaming SDK is already being developed, which will give this project a full utility. + +- The current liquidity pool contract ends on the 14th of May and will be renewed shortly after. A small part of the pool’s fund will be used for the listing on a new major US-friendly central exchange. + +- The marketing team will also benefit greatly from a part of the liquidity pool, as many partnerships are planned with big influencers on various social media platforms. + +- The whitepaper is being finished along with a brand new fully responsive professional website. + +- Never sent any tokens to bratan Vitalik or Bogdan. + +Also: +Eoghan, Dogira’s lead developer, has a history in exposing obvious rugs and trying to save people from scams. He managed to expose various projects in being fraudulent and posted his research and evidence on Twitter. + +Here is the link to his account: +- Twitter: https://twitter.com/Rootpew + +Essentially, Dogira aims to bring the power of the blockchain to game developers and creators by providing unique gaming services, supported by an NFT Ecosystem. Through building a SDK/APIs for popular game engines, game developers could use these services to enhance their games with native blockchain elements or implement an anti-cheat technology based on blockchain-level verification, the possibilities are endless. +I'm currently investing in index ETFs, but I would also like to start investing in individual companies. I was wondering what sorts of things I should be looking for, qualitatively or quantitatively. Where can I find this information? Are there any tools that you use to either find the information or somehow sort it out? + +Also on other subreddits I head about Due Diligence. Is that similar to doing stock research? How should I perform Due Diligence? +A warning to anyone thinking about using any Bank of America services. + +I finally had to file a complaint with the Consumer Financial Protection Bureau, which oversees companies such as Bank of America. I suggest you do the same if you’re having problems with BoA’s Customer Non-Service. https://www.consumerfinance.gov/ + +I’m also taking to social media (starting with Bank of America’s own Facebook page as well as Reddit and twitter) to voice my complaint. + + +I contacted Bank of America on 7/2/2019 regarding several large charges that hit my checking account from a company called blueorange. The charges were for $1,899.99, 1,299.99, (both hit my account on 6/28/2019) 199.99 and 129.99 (both hit my account on 7/1). There were also several “International Translation Fees” that hit my account in the amount of $57, $39, $6 and $3.90. + +This is a total of $3,635.86 stolen from my account. + +I called in to Bank of America on 7/2 after discovering my account balance was off so much and discovering the charges. I was informed someone had my bank check/debit card information and that’s where the charges were coming from. Bank of America immediately closed my card and issued a new one and opened a dispute/claim on the charges from blueorange. For some reason they broke the charges into three separate claims, one for the $1,899.99 charge (claim #190628504171), one for the $1,299.99 charge (claim #190628504292), and one that combined the two charges for $199.99 and $129.99 (claim #190702508226). + +Since this was obviously a lot of money for me to be missing out of my account, I wanted to know when it would be returned to my account. I was told by the representative that she broke the charges into three claims to make it more likely that they would put the money back into my account while the claim was researched. Then I was told the larger amounts wouldn’t be put in my account, but the two smaller chargers would. This was very upsetting to me because it was the beginning of the month and I had bills to pay. + +I also mentioned during the call that I had been a victim of identity theft where whoever had just about all my personal information imaginable filed a federal income tax return in my name for two consecutive years, applied for boat, car and payday loans, and even tried to open numerous checking accounts in my name. This was of little interest to the Bank of America representative. + +I google searched this blueorange that hit me with all these charges, and found out it’s a scam bank out of Latvia that is notorious for not only scamming people out of money but money laundering. + +On 7/9 I noticed in Bank of America’s online message center that the claims were resolved and would not be paid. I was very upset and called in to Bank of America. I asked how this could be? I was told that Bank of America claimed they contacted me and that I approved the charges in question, which was ludicrous. I said so to the representative. At first I was told I received a call, which I didn’t. Then I was told I didn’t receive a call but I received a text approving the charges. I told them this was just not correct, that they kept changing their story and it seemed like they just didn’t want to reimburse my account for these fraudulent charges. + +The Bank of America representative said he would note the account that I wasn’t contacted nor did I approve these charges and the claims would be reopened and escalated for a quick resolution. + +I also went into my local branch in mid-July to speak to a manager and let her know everything that happened up to that point and she did absolutely nothing. It was a waste of an hour with her on hold calling the same fraud department regurgitating the same story they had already given me. + +I called into Bank of America’s fraud department several times between mid-July and mid-September for an update wondering why it was taking so long for this to be resolved and the money to be put back in my account. Each time I was told it could take until the last week of September or so based on the 45 days, or 60 days (I was told both) it can take to resolve fraudulent charge claims. + +Finally on 9/25/19 I still hadn’t heard anything from Bank of America. I called in and was told that they were past the 45 days it should have taken and the person I spoke to was going to make sure there was a resolution in the next day or two. + +I logged in on 9/26/19 and once again all three claims said “resolved” and “unable to pay.” + +I was very upset. + + +It appears Bank of America didn’t even do any real research like this because when I called in to Bank of America’s fraud department on 9/27/19 to find out why they didn’t pay these fraudulent claims on my account, I spoke with Susie in Arkansas and she once again told me all the notes said is that Bank of America claims to have contacted me on 6/27/19 and that I validated the charges, which is crazy. I looked back on my history and I see no calls, no messages or anything from Bank of America on 6/27. + +I let Susie know all that had transpired and she was shocked that Bank of America had, and I quote (I also have a recording of this call) “Had not been an advocate for its customer but instead had been more of an adversary.” Susie seemed genuinely concerned (the first person at Bank of America I had talked to that actually did seem concerned about what happened to me) and said “It seems to me like someone here just swept this under the rug and didn’t want to deal with it.” She also saw the same thing I did about this blueorange apparently being some kind of foreign scam bank or company. I also requested documentation of the research Bank of America actually did on these claims be sent to me. + +Susie wrote everything we talked about as well as her opinions on how I (as a customer) as well as the disputes/claims had been treated so far during this nightmare and reopened the claims. She wrote down what we had talked about and entered them in the claim notes and said she was sending this to an upper manager who should read it on 9/30/19 or 10/1/19. I also let her know I would probably be filing a complaint with the Consumer Financial Protection Bureau because I see no other recourse at this time. + +I would like this resolved and the funds that were fraudulently taken from my account put back immediately. + +I believe this entire situation reflects very poorly on Bank of America and how it treats its customers. I also wanted to warn anyone thinking of banking at Bank of America to think twice about that decision. +Hi everyone, + +Long time lurker, I have some questions about apartment complexes. + +Say there's a complex for $2 million. It's 40 units, 20 are two bed room 20 are one bed room. + +Rent in the area is 500-600 for one bed rooms, and 600-800 for two bed rooms. + +Being conservative, say the one bedrooms are rented for 500 and an occupancy of 75% (the area seems to have 90-100% according to the site) so 15x500x12 is 90k a year. And the two bedrooms go for 600 same occupancy. 15x600x12 is 108k. Total 198k before expenses. + +Here's where my questions come in. +How do you estimate maintenance costs, renovation costs, and management costs? Just rough percentages ranges. + +What other costs are there and in total what percentage of total income would go to expenses? + +Let's just say it's 98k for all expenses, almost 50%. 100k goes towards the loan entirely. Say the building was purchased with 20% down and an interest rate of 10% how do you calculate how long it will take to pay off? + +All of this is completely hypothetical I just grabbed a listing off of online, I know this is not realistic I'm purely looking at how to analyze properties better and trying to learn. + +Why don't more people go after apartment complexes? Is financing it the biggest issue? It appeals to me owning and managing a 30-60 unit complex as a full time job over corporate life. Is that a possibility? + +I appreciate any input +I will include the past post text (don’t know how to link it because of my oh so smooth brain) and will provide an update after as I have received several DM’s requesting a new post on the matter. Also my post was questioned by apes and I was approached by mods and satisfied all their requirements, thank you to skeptical Apes and prudent mods as I completely support both. + +Past Post: + +!Ape help! I’m meeting a journalist for a top US national paper tomorrow. What should I show him on GME?! + +I’m being cautious, even to the point of not naming the paper as I want to ensure nothing gets out. I am spending a full workday with an award winning journalist from a top national news outlet tomorrow! I’ve actually spoken to them (off the record) and casually brought up GME just saying that I can’t believe there hasn’t been major coverage on this to which they replied, “Really? I feel like there’s been a lot of coverage on it…” so obviously they know nothing about it… +I am seeking help from my fellow apes and will print off material for them so what evidence do you think would raise an award winning journalists attention to dig further? + +If mods require proof I can do that as I’m all about verification but I have to protect myself and them at this point. There are a lot of eyes on our sub and I only have one day with the individual and don’t want to turn them off thinking I’m some kind of fanatic as we are meeting on an entirely different subject. This is a 6 hour window to bring this up in a way that interests someone who knows nothing about this, may even be skeptical and thinks there’s already been coverage on the issue when we know it’s biased propaganda. + +I’m not promising anything will come of this, I am opening this opportunity up to all apes however… do your thing you beautiful retards, you’ve always made me proud! + +New Post: + +Apes… It went oh so well! + +So spent the day and did our thing, stayed cool as a banana far away from any rectum and just allowed organic discussions on whatever the journalist wanted and ape magic happened… + +Keep in mind I was approached by this journalist on an entirely different issue and I know that absolute respect has to guide this interaction for obvious reasons. I also want to stress that I don’t, nor do I claim to represent anyone but myself. So after making the last post and going over every comment/link several times I felt zen about the next day but still curious as to how I would broach the issue. The day began largely as was expected, I guided the individual through several interviews and subjects for their piece. By the end of the day we ended up with extra time as I was driving the individual anywhere they wanted and GME naturally came up. I fkn memorized the most important points after reading all the advice on this post (multiple times as well as from months of DD) as I usually do as these situations which come up in my line of work pretty often. Now off the record banter we got to talking about global issues which affected my work which the journalist was writing on and I made the link… I was talking about how education and knowledge are the greatest form of power to change societies and global issues and how my personal studies greatly impacted the trajectory of my life and how more recently what I’ve learned tumbling down the rabbit hole of GME and how it gave me a whole new perspective of US markets and markets in general. This warranted my next comments regarding the overt, insane level of manipulation perpetrated by hedge funds, market makers and even possibly government agencies. Sure enough he bit… + +After my comments he began asking me questions directly on the GME issue, inquiring as to how I know there is illegal manipulation occurring? What’s important was the tone of their inquiry, they asked as a journalist, not in disbelief, not in resistance, not facetiously, but with professionalism as genuine curiosity. Having refreshed myself with all the amazing feedback form apes I brought them through a labyrinth of issues: + +- Hedge funds and Market Makers are affectively using retail shares against us through stock lending and options shorting the stock down + +- It’s mathematically impossible that SHF’s covered during the January “sneeze” + +- Self reported shorts can’t be reported more than 140% of the float and we now know through court documents that in January it was at 220%. They simply couldn’t have covered + +- FTD’s & dark pools + +- Survey’s done are showing the float is owned in Canada & Germany respectively and is owned multiple times in the US + +- Dr. Trimbath, David L., West C. and Lucy K. have all weighed in giving a lot of context and history to these situations (sent the investigative articles as well) + +- Obvious “hit pieces” in financial media that completely miss any meaningful points on what’s driving this “idiosyncratic” stock & how hedge funds financially back these publications + +- Overstock just recently winning their court-case with prejudice in releasing a digital dividend destroying shorts as they were falling victim to the same predatory shorting + +- New communications between Robinhood and Citadel revealed through court documents proving Vlad and Ken committed purgery in the congressional hearings + +- DRS and the solution to stock manipulation + +- There’s financial incentive to bankrupt companies as all shorts are paid out tax free, that’s why hedgies targeted brick-n-mortar companies during a pandemic + +- There are over 600k apes on Superstonk from around the world ripping through huge technical documents in days, lawyers, marketing pro’s, from every corner contributing + +- We are seeing a historical social movement online galvanized by access to esoteric information on market practices used to benefit from retailers ignorance + +- No one has been able to prove Apes wrong yet + +This of course wasn’t everything as it was as a lot of back-and-forth which was the best part. The journalist was asking a lot of questions, and good ones, I was being interviewed on this subject! Not only was he interested but he wanted me to send him some articles I’d mentioned which I did on the spot. He asked me to send him links which I’ve sent (DD library, academic studies, data sites, etc.). They said they were going to pass this onto coworkers in the financial side of the publication, I didn’t ask them to do this. I genuinely told them that whatever they do with the info they can truly consider the data and it’s implications, to really look into it, even for their own benefit. This will be the greatest financial transfer of wealth in history by catching the fkrs who caused 2008 at their own game, locking dubious players into a death spiral by simply buying and holding against all their risk matrix’s, algorithms and anything else they thought they could use against retailers, that this is history in the making and nobody is truly talking about this in the mainstream in a meaningful way. Mind you since then there have been some new articles which may even give their financial journalists and editors the balls to go even further? + +Another crazy development… It turns out I now have access to another award winning journalist, but this one is independent and loves exposés. So I will now be reaching out to them today and this one I feel free to go all out! + +I truly thank all of you beautiful apes as almost every link was sent in the email, I read every comment multiple times and truly considered all advice/warnings. It went way better than I could’ve imagined and I will update any developments because you know I’m going to follow up! Today another ape may be looking up at the moon. One with a lot of influence… + +Edit: Inclusion of DRS point (thank you ape) +I don't know about the rest of you smooth-brained mayo chugging mofos, but over the last 2.5 years I've pretty much stopped believing in anything. + + + + +The news is all lies + +Governments exist to protect the rich + +Wars aren't about helping people + +The academic community can be bought and sold + +Ditto with the medical community + +Fuck the Hedgies + +The Police don't stop crime + +Religion and Courts are corrupt + +The people in charge literally see us as barely cognizant cogs in their money laundering schemes. + + + + +And I mean no shade on any teachers, police, nurses, doctors, government employees, reporters or clergy. It's not the individuals; it's not the players; it's the institutions corrupted by backhand deals, and greedy psychopaths. + + + + +I want power back to the players. I want the decentralization of everything so we don't have to live under the whims of these greedy Kens. $GME is literally the only thing I feel sure is working towards the goal of ousting the mofos and ushering in a restructure. Because right now it doesn't matter if we change government types, laws, or companies. The same leeches will still rise to the top of the pile. I don't want a frame work with a top. I want it rounds and smooth as my brain. + + + + +I don't give a shit about the money. I don't care to ever sell. And I would happily tithe my money and support any other group or company I felt was out to the same goal. + + + + +I don't want diamonds for bling. I want diamonds because they are the hardest mineral known to man. Powered by us all going ape shit we can take down so much of this garbage. + +To the moon, my friends. To the moon. +I have been offered an opportunity to rid myself of credit card debt ($7,000) by NOT paying the bills, and letting them go into collections. This company (Beacon) says that they would then go after the collections company and demand that they provide proof that I actually owe the debt, and since the collection company wouldn't have the proof, I would be off the hook. +I'm not sure this is even legal, since it sounds like fraud to me. Does anyone have any advice? +23 year old teacher, 55k salary, \~$4100 monthly net + +I am newly debt-free and adjusting my budget. I have a 3 month emergency fund and $18k in a Roth IRA. Now that I don’t have a car payment, I was planning on maxing that Roth out every month. Combined with my pension, that brings my total retirement to $913/mo (22% of my net). + +I’m wondering if I should bring that down to the recommended 15% in order to focus on savings goals like a down payment and traveling. My current monthly savings total about $730/mo and include: + +* July/Aug Expenses: 470 +* Travel: 210 +* Down Payment: 50 + +That $50/mo just looks so pathetic. My mom recommended I dump everything into the Roth IRA because I can always withdraw my contributions for a down payment later, but I can’t see myself taking that path and destroying all that compound interest. Pensions also aren’t what they used to be. I’m in absolutely no rush to buy a house but I figured I would be much better off in the future if I started to chip away at it now. Am I doing the right thing? +Hi guys! +Im a 22,5 yrs old beginner cook in Hungary. I did some research altough i would appreciate some comfirming on them too. +At the moment i make monthly around +550€ +My expenses are circa 300-350€ (currently hard to tell since i had to move appartment and looking for one, atm im with my parents again, traveling 4-6 hours every workday) + +As i checked a cook in Berlin makes 9€ an hour. That adds up to 1728€ ,if one works 12hours a day 4 days a week (thats actually a good schedule for a cook here in Hu) +Now i have no idea about the taxation. So idk how much i will have left after taxes, but if i spend 500€ for rent and maybe 200€ for necessities (ticket,food). Now if taxes are 25% that would mean i could spare 600€ a month. More than i make here + +So question one, are these alculations sensible? seems to me unless i missed some data. + +Also in Wien a cook makes 15€/hour. I didnt check on the expenses but i dont think it would be that much more then Berlin. Maybe a 1000€ as expenses instead of 700. +So that would add up to am income of 2880€ before taxes. 2160 maybe after tax? So i could spare 1000€ monthly? + +Anyone could give me some advice or insights on these things? Cause i know that it would be better to the west anyway, but is the grass really that mich greener to the west of the border? +Has anyone ever done the same fuck up as i did , received a 5.17$ PSEC share in robinhood last year and got paid a 0.06$ dividend . Forgot to report it. +Should i report it before the deadline or should i do the whole tax filing from the start ? + +Edit: This got so many helpful comments , i love you theta gang +***NOT. FINANCIAL. ADVICE.*** + +*(Re-posting this again. I previously posted it at an ungodly hour for most Apes, so was requested to share again.)* + +I have seen quite a few posts recently about The Motley Fool's business model, and decided to look a little more under the hood. From what I can see, they may have quite a direct connection with Citadel, and potentially enjoy a symbiotic relationship with them (through an important middleman). Here is what I found... + +**Citadel's' relationship with Interactive Brokers** + +Interactive Brokers launched their "free" service - IBKR Lite - in late September 2019. Of course not free, because it is using the payment for order flow model, targeting retail customers, in exchange for Citadel getting huge amounts of valuable trading data. + +Who do Interactive Brokers receive the majority of their payment from for these payment for order flow transactions? None other than Citadel Securities, with a payment received of $0.005 per share traded...which I am sure adds up to a hefty sum earned overall since that time. + +More details here: https://www.elevatecapitaladvisors.com/news/20191007 + +So just how much does Interactive Brokers rely on Citadel for this IBKR Lite service to work? Well, they are required to disclose some of this information - as they themselves have stated on their website: *"U.S. Securities and Exchange Commission rules require all brokerage firms to make publicly available quarterly reports describing their order routing practices."* + +The most recent of these 606 filings to the SEC is from 2020 Q4, and available to download here: https://www.interactivebrokers.com/ibkr606Reports/IBKR_606a_2020_Q4.pdf + +I am not going to do all the sums, but you will see one thing very clearly and easily: almost all positive payments they receive are from Citadel Securities and Virtu Financial. So this IBKR Lite product would not be viable without payment for order flow from Citadel and Virtu, as they pretty much supply all the revenue to Interactive Brokers. + +**Interactive Brokers' relationship with Motley Fool** + +Motley Fool has several subsidiaries within their overall business. Another user posted about Motley Fool Asset Management earlier, but let me introduce another one of their entities, Motley Fool Wealth Management: + +https://foolwealth.com/ + +Their pitch to investors is: *"All of the Foolish investment philosophies you love — none of the day-to-day investing hassles you don't. Learn how we can help you protect and potentially grow your wealth."* + +They are by no means a small buy side firm - they have assets under management of over $2.2Bn. And anyone who would have kept an eye on The Motley Fool website would see that the holdings in their funds are pretty much most of the stocks that get picked (in their pay service) or pitched (in their free newsletter): + +https://whalewisdom.com/filer/motley-fool-wealth-management-llc#tabholdings_tab_link + +Note that the way they manage customers' funds are through something called Seperately Managed Accounts (SMA). These are a type of financial product that has been around for decades, but not typical of most reputable buy side firms. Here is the explanation of what these are from the Motley Fool Wealth Management website: *"Separately Managed Account is simply a private portfolio of individual securities that is actively managed by a professional investment firm."* + +Now the thing which especially caught my attention is what happens if you hand over your money, for Motley Fool Wealth Management to take care of on your behalf using an SMA. They have made it very clear that the only way to become a customer is by also concurrently opening an Interactive Brokers account: + +https://foolwealth.com/info/about/terms-of-use + +*"Brokerage and custody services for our SMA Program is handled exclusively by Interactive Brokers, LLC (“IB”). Accordingly, as a condition of participating in the SMA Program, you must be an IB account holder or open and fund an account with IB."* + +Additionally, they have made it very clear that all the custodial and brokerage fees for trading fees are to paid by the customer to Interactive Brokers (on top of the usual fund management fees, that is): + +https://mfwm.zendesk.com/hc/en-us/articles/360022466332-What-Fees-Are-Associated- + +*"In addition to the management fee you will pay to Motley Fool Wealth Management, you will be responsible for the trading and account level fees that are charged by Interactive Brokers (IB). Typically, those account fees include: Commissions of $0.0035 per share of stock traded."* + +Another Ape with a wrinklier brain than mine could probably go through the 13F filings data available on +WhaleWisdom, to figure out how much trading of assets Motley Fool Wealth Management are doing each quarter. And from there to work out just how many millions of dollars of trading fees that Interactive Brokers receives as a result of this trading activity (by default). + +However, just looking at the top 5 holdings changes in 2020 Q4, it seemed to be in at least the magnitude of hundreds of millions of dollars that Motley Fool Wealth Management were trading in or out of the fund. All of which is only possible through Interactive Brokers, and all of which is to be paid by their customers to Interactive Brokers... + +**So, what's the connection then?** + +Well, Interactive Brokers appears to me to be in the middle of a three-way with Citadel and The Motley Fool. On the one hand, their payment for order flow service for retail is pretty much only possible because of Citadel. And the Motley Fool Wealth Management business model also has a very close financial relationship with Interactive Brokers as well. + +At the very least, it is publicly available information that there are significant amounts of money flowing between two sides of the triangle. That is, between Citadel and Interactive Brokers, and between Interactive Brokers and Motley Fool Wealth Management. This much is clear. + +So only one degree of separation between The Motley Fool and Citadel...with potentially Interactive Brokers in the middle. Given how much Interactive Brokers are benefitting financially from the relationship with both The Motley Fool and Citadel, it is not a stretch of the imagination that they facilitate some interaction between the two. + +Given how much anti-GME sentiment is expressed, on almost a daily basis, on The Motley Fool site...could the unseen hand of Kenny G be playing a part? (This is purely speculation and conjecture on my part, and I have no evidence to back up this claim. But just an observation of some potential influence that could be possible, through the obviously close contacts between these three companies.) + +**TL;DR** + +Interactive Brokers receives significant sums of money from both The Motley Fool (through their Motley Fool Wealth Management subsidiary) and from Citadel Securities (through their IBKR Lite payment for order flow product for retail users). + +There is certainly a possibility that they facilitate some interaction between the two, with Citadel potentially directing some of the content in The Motley Fool's paid and free publishing. +Lately I have started to look at insider trading as a way of generating ideas, and one of the things that I'm seeing very often and don't really understand is when I see a lot of officers/directors buying relatively small amounts on the same day. + +For example, on 4/11, looks like 16 directors of BOKF decided to buy 75 shares, for a total of $7,245.75 each (which is ridiculous). This is one example, but you can look up the rest: [https://www.sec.gov/Archives/edgar/data/875357/000124891522000081/xslF345X03/primary\_doc.xml](https://www.sec.gov/Archives/edgar/data/875357/000124891522000081/xslF345X03/primary_doc.xml) + +Any idea what could be the reason for this? My only explanation is that they intend to signal insider with the idea of making the price go slightly up, but this feels too transparent to make any sense ... +This applies to land, buildings, factories what have you. I’m asking this question as I frequently see company assets in analysis. + +For example, I recall Hindenburg Research had one of their associates in China go look at a location Ideanomics claim to own or operate within. I don’t remember the exact reason but it must be something they could not answer with tools like Google Earth. + +Feel free to share your input. +So I was just thinking what if MOASS in the way we think of it doesn’t happen. What I mean is what if we don’t get a “SHORT SQUEEZE” by the sense of the definition. But instead get a “LONG SQUEEZE or PERMANENT PRICE” Stay with me here, in a short squeeze the price rises rapidly there is a peak (not everyone sells at the peak, because it is incredibly hard to time) and then the price falls back to “normal” prices. + +So my question is what happens if we DRS 100% of the float and never let SHF cover? Let’s say the price goes up to something like 10 million a share. They expect us to sell all of our shares before it hits that, like selling on the way up. But if we were all to HOLD and therfore, they could never cover, which means they could never financially recover. + +Instead of pulling out all of of our shares at once, we let it it build and then only take what we need, when we need it. If the price per share is 10 million a share, realistically all of us poor folks here can live off that for the foreseeable future right? Will this keep the price around 10 million per share? Now let’s move on to the next part of the theory. + + + + +I for one trust my money DRS’d in computershare in MY NAME rather than pulling everything out and trusting it in a fucking slimy bank that apparently decides they can stop people from withdrawing THEIR OWN FUCKING money when it is not convenient for the bank. + +GME can become its own digital currency ala that coin that starts with a B. I mean they are going to have their own marketplace right? If binance can have a coin why can’t gamestop have a Gmerica coin or something along those lines. They also have the ability to split up to a billion right? If so that means if we have 76 million gme shares in existence AS OF RIGHT NOW and the price goes up to 10 million per share. They then can split for (up to) 1 billion shares. That means the new share price would be divided by +\- 13.157 but there will now be 1 billion gme shares instead of 76 million as there is right at this moment. After the split the price would be around $760,051 a share. The Berkshire Hathaway was at high share price of $544,389 per share. Gme could be it’s own version of BRK-A and be at a share price of $760,000 or $741,000 😉 FOREVER. I mean theoretically this could happen right? Or am I crazy? I found this on google when I put in “Who created Berkshire Hathaway? And this is what I got 🤔 + + +Warren Buffett + +Berkshire Hathaway: an Overview + +In 1965, Warren Buffett and his investment firm purchased enough shares to take full control of the struggling company. 1 Under his leadership, Berkshire Hathaway became one of the world's biggest holding companies. + +We have our very own Warren Icahn guiding us. + +Here is the thing, rich people keep their money in investments, stocks, etc. We would all become the new billionaires and keep our wealth in Gmerica or whatever they call the marketplace. We will all have high net worths and be able to get mortgages and loans with our shares of GME alone, without having to actually sell the shares. If Bezos wants a new mansion, he doesn’t need to sell shares in his shitty company to do it. If Musk wants to buy Twatter for 44 billion, he doesn’t go and sell teslas shares to come up with the cash. He uses his Tesla shares as collateral and could get a loan and use that to buy it. As long as his tesla shares don’t crash, he can do it. Basically what I am saying, we can all become the new 1% and use our power for the greater good of the world and in turn save it from the greedy villains that currently run it. Ryan Cohen is creating a shit ton of new baby activist. RC will also become the richest man ever and probably the only Trillionaire on the planet. + + +TLDR: DRS 100% of the shares, let the squeeze take it to crazy amount. Sell only what you need and let the infinity pool stay at 10 million a share forever, until GME splits into a billion shares and the new price of gme is (10 million/ 13.157= $760,000) around $741,000 a share forever and become the new Berkshire Hathaway. Berkshire Hathaway was created by Warren Buffet. In our scenario it will be created by our very own Warren Icahn. This is straight from google “Who created Berkshire Hathaway?” + + +Warren Buffett + +Berkshire Hathaway: an Overview + +In 1965, Warren Buffett and his investment firm purchased enough shares to take full control of the struggling company. 1 Under his leadership, Berkshire Hathaway became one of the world's biggest holding companies. + +Sounds familiar…. Or am I fucking retarded. +# · 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/) +As the title suggests, I'm filling out my tax return for this year and it was rejected because it said I was missing a 1095-A form. This seemed strange to me as I've been working at my company for 2 years and I'm insured through them so I asked my parents and they said they put me on their plan for 1 month. Now when I included the form, my return went from receiving $225 to owing $4.6k. This is my second time filing taxes so I'm a bit distraught and not sure what to do or if there's anything to do. I would like to mitigate this value if possible. Any feedback is appreciated! + +Edit: Thank you for all the helpful comments! Adding for clarification that I am using online H&R Block and have filed and currently filing for single (so not under my parent's). They didn't do it out of malicious intent but we are working to try to figure it out. Unfortunately H&R doesn't allow allocation from what I see as suggested by u/CorrectlyKnown so I'm going to communicate with my parents and their known tax professional to get it resolved. Thanks! +Article about the Pandemic Risk Insurance Act, and how it could lumber insurance firms with exorbitant costs. + +&#x200B; + +[https://www.ccn.com/this-coronavirus-insurance-bill-could-crash-the-u-s-stock-market/](https://www.ccn.com/this-coronavirus-insurance-bill-could-crash-the-u-s-stock-market/) +Article about the Pandemic Risk Insurance Act, and how it could lumber insurance firms with exorbitant costs. + +&#x200B; + +[https://www.ccn.com/this-coronavirus-insurance-bill-could-crash-the-u-s-stock-market/](https://www.ccn.com/this-coronavirus-insurance-bill-could-crash-the-u-s-stock-market/) +During the BRICS Summit, Russian President Vladimir Putin announced that the five-member economies — Brazil, Russia, India, China, and South Africa – plan to issue a “new global reserve currency”. + +Additionally, Turkey, Egypt, and Saudi Arabia are considering joining the BRICS group. Analysts believe the BRICS move to create a reserve currency is an attempt to undermine the US dollar and the IMF’s SDRs. + +Edit: they want to use minerals such as gold, silver, uranium, nickel, copper as currency. Tangible things. These countries have a shit ton of those minerals. + +Source: https://www.themorning.lk/russia-china-brics-plan-new-intl-reserve-currency/ +Toys R Us could file for bankruptcy as soon as this week. + + +Toys R Us has been working with lawyers at Kirkland & Ellis to address its debt-load. + + +The potential bankruptcy comes ahead of the crucial holiday season, when the retailer does the majority of its sales. +https://www.cnbc.com/2017/09/18/toys-r-us-could-file-for-bankruptcy-as-soon-as-this-week-sources-say.html +Household appliance repair is one of the most overlooked trades and you can definitely benefit from this. I started in the field with no prior mechanical experience outside of wrenching on cars with my dad, and having a basic knowledge of hand tools, due to this trade being overlooked not a lot of people are jumping into the field and almost every company is hiring and willing to train with no experience. There also online courses you can take and plenty of YouTube repair videos. I went from training for 6 months with a technician to making $45k 1st yr, $60k, my second and third yr and now that I’m a technician with experience under my belt I’m on track to make $80-$100k this year and starting my own business in the near future. This job can be stressful but most weeks I work less than 40hrs(this comes with experience, skills before speed.) you’ll always have work and depending who you work for they either pay hourly or commission I personally prefer commission. I’m willing to answer any questions you may have on the field I’m an open book I will tell you the good and the bad. Plus we are building a great community of technicians that are willing to help. +" Company repeatedly misapplied loan payments, wrongfully foreclosed on homes and illegally repossessed vehicles, incorrectly assessed fees and interest, charged surprise overdraft fees, along with other illegal activity affecting over 16 million consumer accounts " + +[https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-wells-fargo-to-pay-37-billion-for-widespread-mismanagement-of-auto-loans-mortgages-and-deposit-accounts/](https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-wells-fargo-to-pay-37-billion-for-widespread-mismanagement-of-auto-loans-mortgages-and-deposit-accounts/) + +Have to feel this is material to earnings going forward. +I'm a small ape. I'm trying to make sure my son never has to work a day in his life if he doesn't want to. I'm on the paycheck to paycheck train and was able to take some profits from the sticky floors and turn them into (I hope) rocket fuel. + +There's a lot of acrimony between the two (although the popcorn eating apes insist we're all friends). I just need to know if I made the right move. + +Edit: feeling the hugely warm welcome -- thanks apes and apettes. Not sure why some comments are being downvoted, but I'm feeling good about my decision and I'm trying to add some wrinkles to my brain. + +Edit 2: to clarify, I don't want my son to *have* to work. I'm still going to *ensure that he develops a work ethic*. Hell, *I'm* still going to work after this all shakes out. I might keep my tendies a secret from him until he's 25. He's still a tiny tot so there's a lot of time but I appreciate all of the comments below about not raising a lazy pos. Cheers! +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 +https://www.profgalloway.com/unicorn-feces + +> OYO feels like the WeWork of budget hotels with red flags the size of Days Inns. A 25-year-old founder and SoftBank is a toxic mix. Yes, the Zuck and Bill Gates founded their firms at the same age, but it’s a bad strategy to assume your CEO is the next Zuck/Gates. Founders buying additional shares is a good sign, unless you are 25 and borrowing against your existing shares to buy more. That means he’s hugely committed and immature. + +> Lightspeed and Sequoia also have too much capital and are under pressure to deploy additional money in portfolio firms where they’ve negotiated pro-rata investment rights for subsequent rounds. With OYO, they not only passed, but having the full inside information and observing the CEO, they’ve decided to sell shares. Customer feedback is awful, and customer acquisition does not appear to be scaling. Here. We. Go. +Hi all, + +I trade exclusively in iron condors because I like that they're + +1) defined risk and + +2) delta neutral. + +For each IC I trade I ensure that the max loss of the trade is max 5% of my net liq and I never allocate more than 50% of my net liq. + +Although I'm diversified across underlyings, if a market crash were to occur, I imagine most if not all of my ICs would blow past the short put spread leg of each IC and I'd be left with half of what I started with. + +Given this, what are some good long-term strategies to hedge a market crash? Do you add far OTM debit put spreads in the same underlying? Do you long volatility via VXX or long an inverse index like SH for SPY? What's the prevailing wisdom here? + +Bonus thought/question, I'm also wondering if I should start diversifying my strategies to not only be ICs. What would you recommend for non-IC strategies that are defined risk and delta neutral? + +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; +It finally happened. I know it’s what we all dream about, but I finally have wife changing money! And it’s all thanks to this glorious dip and my investment strategies! I do remember they always said that the bear market is where the true riches are made. They were right. + +They say I’m one in a million. That it can’t happen to just anyone. But I’m here to remind you to not give up hope, it’s never too late! We are still young. So much life to live. We are still early! + +Yep, I did it. I made it. I lost all my money from this bear market and the Luna crash. My wife said it was the last straw and left me, divorce papers are in, and I am now free to change my wife. Just think, someday you could be as lucky as me. I have achieved the crypto dream within a dream. Wife changing money. + +TL:DR - Dreams do come true. I have wife changing money. +So Ive just started watching a documentary on netflix called "Money Explained" [https://www.netflix.com/watch/81345774?source=35&trackId=254743534](https://www.netflix.com/watch/81345774?source=35&trackId=254743534) + +&#x200B; + +I couldn't help but stop the video after a couple of mins in where a supposedly "money specialist" said "Day trading is a form of gambling" I nearly pissed myself I couldn't believe this clown at all. Tbh however i can see where he is coming if you were to trade binary options however he is totally wrong lol. + +Anyone else on here listen to outrageous comments similar to this or hear your friends and family telling you its gambling? please lmk Im two months into trading btw so not exactly a beginner more an amateur. +If the MOASS is as cataclysmic as expected, it may adversely affect many people. If you are driving around in a brand new car, post-MOASS, with a GME/Ape license plate, you are putting a target on your back. You're basically broadcasting the fact that you have money. This is an invitation for unsavory people to mess with you. I'm not gonna tell you what to do with your money. But be careful and don't end up robbed, car jacked, or dead. +Be careful out there, and don't forget to compare/review historic price developments. + +If Amazon is your bet, [https://uk.camelcamelcamel.com/](https://uk.camelcamelcamel.com/) is a great tool. + +Which? named Amazon and Very as "the worst retailers overall for dubious discounts". It found more than 70% of products included in its analysis were cheaper at other times of the year compared to their Black Friday price. + +Good luck! +Posting from a throw-away account to share some deep / honest thoughts, random stream of consciousness below - apologies in advance for some incoherent thoughts: + +&#x200B; + +Reading [this post](https://www.reddit.com/r/financialindependence/comments/bnrhq3/vent_frustrated_with_where_i_am_feels_like_fi_is/) kind of broke my heart a little, and a short time later, a long time good friend texted me, and told me he was laid off from a very long time job (more than 10 years) making decent money. It made really think about life and career. I want to share this message that got me to the success that I have today: don't ever give up, and don't ever compare yourself to other people. + +&#x200B; + +I fell asleep Sunday night early, very tired, and had some strange dreams on my own. I woke up in the middle of the night, fresh from a dream where I was laid off from a great job making great money, feeling completely lost and depressed about my situation. It took a few minutes for me to realize I was dreaming and the emotions felt so real, but it was not reality. I had a whirlwind of thoughts about life, work, and happiness that I thought I'd share here to help others who may be lost. + +&#x200B; + +A little bit about me: grew up very poor, worked in minimum wage jobs throughout high school / college. In 40's, with bachelor's degree & masters degree, in a business role that requires me to publicly advise top organizations around the world. I've made it to FI (not yet RE yet), but always very private and never shared my success / wealth publicly (even among family / friends). Net worth over $2m in LCOL state. Income over $200k / year, but always saved like crazy until the last few years (will explain why below). The reason I don't share my finances / wealth with others close to me is because I never want my friends / family to feel inadequate, and I really don't care how much better / worse off financially other people are to me as well...it has nothing to do with me and all it will do is make me feel worse or superior, both of which are not positive emotions. (Side note - in today's unhealthy Instagram / social media psychotic environment, I could make a really baller account to show off some baller lifestyle moments / toys if I really chose to, but I really hate it and this is my story why) + +&#x200B; + +I am usually a very confident person, since I really don't care about what other people think of me, or how they are doing financially compared to me, and I just focus on doing the best I can at work, as well as personally, no matter what. However, reading the information above, and getting the text from my good friend, played with my mind a little. My surreal dream was so emotional, feeling the impact of being told that I'm being laid off from my great job making $200k per year, feeling completely lost about my identity and future, being so depressed that I felt as if I had no value or worth. It caused me to really think about how I got to where I am, and how money didn't define who I am or what my worth is. + +&#x200B; + +First of all, money is only a tool, and most of us have our most basic needs met - Food and Shelter. Anything above that is pure gravy. Social media / advertising makes us feel so damn inadequate if we don't have this or that...it's all complete BS. At the end of day, we are all microbes traveling on a tiny dust ball in space that no one could give a shit about 100 years from now, never mind hundreds / thousands of years from now. Who cares if you have $10, $100, $1 million, or $1 billion? It's all insignificant compared to the realities of the universe - the unfathomably long span of time from the birth of the universe to the eventual heat death of the universe. Our lives are so short and insignificant in comparison. Important - yes, significant - no. Enjoy this journey of life and don't waste a second comparing your social status, finances, or anything else to anyone else, who have their successes and worries that are consuming their lives as much as you are. + +&#x200B; + +Focus on what's truly important in life - family, love, relationships, your health (eat as healthy as you can, exercise as best as you can). Make the best of the short twinkle of time you will have on this amazing planet. Don't worry about what you don't have, as much as what you are blessed with (most of which money cannot buy, such as family / love / health). The person who has the best relationships, love, and health is the richest person in the world, regardless of how much money is in their possession. + +&#x200B; + +Always strive to learn, and be bold. Part of my reason for success is because I don't spend a lot of time being "entertained" with TV or mass media. I selective control what I watch / read / absorb to "program" my mind. I value being exposed to educational materials about science, technology, health, nutrition. I try to block out politics, sports, and other potentially addictive but non-helpful content that will distract my mind but not be helpful in my personal growth. You must figure out what your top priorities are, and plan your reading / video watching / social media exposure around this. This is probably the number one reason people are so unhappy today - they allow uncontrolled sources to program their minds by default - allowing whatever random news, politics, social media to enter their lives and control their thoughts and dictate their behavior. We are what we allow our minds to be exposed to. Only allow positive and educational content to be the majority of your exposure, kill / stop other mindless "entertainment" from aimlessly driving your thoughts / feelings. + +&#x200B; + +In my line of work, I have to be in front of the public / colleagues constantly. Fear of public speaking is one of the biggest fears people have. I chose to tackle that head on and become one of the best public speakers. I still think I'm a shitty speaker but people apparently love my presentations. I chose to work on my public speaking skills all the time, the same as an elite athlete continues to practice all the time on his / her skills to stay on top. The best advice I can give to anyone is the following: never be afraid at work, work boldly and innovate all the time. Do what you think is best, while learning from those who are more successful than you. I work with so many people at work who are afraid of being different. The ones who truly succeed are the ones who actually are bold and take risk to expose themselves to possible failure, but grow over time and become unstoppable because they conquer their fears, every day. No one gives a shit if you stumble on something at work as long as you learn from it and keep getting better. However if you play it safe at work, never risk failure, and stay under the radar, you will never rise above your potential and get ahead. + +&#x200B; + +We tend to undervalue our worth in life. Each one of us has incredible unique gifts and talents, that when properly capitalized on, can bring incredible rewards in career and personal value. I have many strengths and weaknesses that no one else has. No one can replicate what I bring to the table, and conversely, I can never replicate what you bring to the table. We are all in our individual journeys in life. Therefore, to compare yourself to others purely on something as superficial as money / wealth, is an illusion and a horrible way to beat yourself up if you should find that you don't quite measure up on this singular insignificant measuring stick. + +&#x200B; + +Learn to enjoy life and enjoy the journey to success. As I mentioned above I made it to FI(RE) status, but I chose to spend a decent amount of my worth on something that means a lot to me personally. I gave myself permission to buy a nice toy a few years ago (an exotic sports car), because I love cars, and life is short so why not make a choice to enjoy something that modern humans have only really appreciated in the last 100 years or so? I don't go around being flashy with my car. Most of my family live in towns away from me and they do not know I have such a car. I use it for myself only, and don't show it off to others. I get tons of attention when I am in the car and I really hate the attention, but I love the thrill it gives me when I'm on a mountain drive all by myself, with my favorite music and just meditating on being alone on the road. It is probably an irresponsible choice to spend over $200k on a sports car (or any car), but once you get to a certain age, time becomes far more constrained than money. So don't feel afraid to splurge on yourself / your loved ones. You are not going to regret having some amazing experiences on your death bed, instead of a huge chunk of money in your account that you never got to enjoy. Don't obsess over money, obsess over what you make of your time in this short blink of an eye in this amazing universe. + +&#x200B; + +Sorry for this uber long rant, but I thought I'd share my thoughts with those who seem to be so depressed about where you are in life compared to others. Remember, what I have, or don't have, means nothing to you. I could be depressed that Mark Zuckerberg is so much younger than me, millions of times wealthier than me, and just mope around being sad all day. In reality, I couldn't give a shit what other people have / don't have. I just focus on what's important to me, my family, and my life. I've never been happier not giving a shit about what other people have / don't have. + +&#x200B; + +Best of luck on your journey. Do your best and enjoy this short time you have. +&#x200B; + +[https:\/\/www.bloomberg.com\/news\/articles\/2022-05-04\/is-stock-market-rigged-bill-hwang-arrest-is-start-of-trading-crackdown ](https://preview.redd.it/iv4cew4yohx81.png?width=1023&format=png&auto=webp&s=5b728a4aa3ffa6c623b6f5e1455a2269184fd4c6) + +&#x200B; + +"***All of Wall Street should pay close attention. The Hwang case marks an upswing of federal investigations into a slew of suspected trading abuses. Three other broad inquiries have emerged in recent months to examine so-called block trades, short sales, and well-timed wagers. They all center on the same question: Are markets rigged***"? + +&#x200B; + +This article speaks to the shift of regulation/enforcement for Wall Street; particularly the aggression with which cases are pursued, as well as the expediting of these inquiries. + +In the case of Bill Hwang, what I find interesting is how he was apprehended on April 27, 2022. 48 hours prior, Hwang's legal team met with prosecutors, where they apparently thought they were talking their way out of criminal charges. On the day Hwang was taken into custody, his legal team thought they would be having further discussions with U.S. investigators, instead, prosecutors filed a sealed indictment for Hwang and CFO Patrick Halligan to take them into custody. + +&#x200B; + +The article says that the current administration has apparently spent the better part of the last year essentially "laying the groundwork" for a more aggressive stance against white-collar crime, with a bevy of policy changes; some made public, some not. + +SEC Head of Enforcement Gurbir Grewal had this to say on the matter; + +• “*There's a perception that there are two sets of rules*” + +• “***We want everyday Americans to have confidence when they invest in the market. They should have confidence knowing that there's a dedicated group of professionals to deal with new threats, traditional frauds, making sure that their retirements are safe***” + +&#x200B; + +When speaking about the 13-month case, Deputy Attorney General Lisa Monaco said “***This is exactly the kind of criminal case that the Department of Justice should prioritize***” .... “***And we will continue to do so".*** + +&#x200B; + +Liz Davis--Former CFTC Chief Trial Attorney and former DOJ Counsel to the Deputy Assistant Attorney General for Civil Matters--is quoted as saying “***Investigations are moving faster, subpoenas are being issued earlier, and there’s an increase in penalties***”. + +# EDIT: I failed to mention that if prosecuted, Hwang is looking at 11 felony counts, including racketeering, and the possibility of life in prison. + +&#x200B; + +https://i.redd.it/9svjyskishx81.gif +Since the past few days I was toying with the idea of parking my idle money, which I might need in 4 to 5 months, in overnight funds or liquid funds. These funds invest a part of it in Government Bonds and T-bills. + + +Instead of investing in those funds why not buy 91 day T-bills directly? On doing so I will be getting much better returns. + + +Is there any disadvantage in direct buying of T-bills? Will there be a lot of hassle when I have to redeem them after their maturity?? +21 years old. Do i have to pay tax on any of the winnings. And any recommended ways on putting some money away? + +Edit : i have no debts, no car, and live with parents + +Edit 2: gonna spend probably 2.5-3k. Put 2k in index funds and put some towards getting my license and buying a car. Keep the rest in my bank account. + +Edit 3: so many people just hating and the rest assuming im a gambling addict and going to spend it gambling. Not happening. A congrats wouldn’t go amiss im 21 with 16k in my account now so will be investing in myself and my future but also enjoying the money. Thanks for the help +I recently came across this [https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg51560#IDATX33F](https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg51560#IDATX33F) + +Can someone please explain these in plain English? Also, what about these scenarios: + +1. I'm very confused. Am I allowed to sell and repurchase shares of the same company on the same day? Is it forbidden? I have been doing this a few times because I can repurchase more shares at effectively the same price since no tax/fees are deducted. +2. Relating to 1) - am I entitled to CGT yearly Allowance of £12,300 if I sell and repurchase same company shares within the same day? +3. Is there a video or a good website you'd recommend explaining these things in plain English? + +Sorry if these rules are not as confusing to others but I'm really struggling. Thanks guys. + +EDIT: THANK YOU for sharing your thoughts guys I really appreciate it! I never expected to receive so many informative replies which is always great (plus you're very respectful). + +I think I got the answers at long last! The other helpful sites I visited are: + +[https://wiki.timetotrade.com/Share\_Identification\_Rules](https://wiki.timetotrade.com/Share_Identification_Rules) + +[https://www.gov.uk/government/publications/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet](https://www.gov.uk/government/publications/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet) +Hi reddit, just dropping this to see what everyones thought are on buy to let investing in the UK at the moment. Is it dead? Or is there still a market for it? + +Personally I feel like property prices keep rising while rent not as much, which leaves you a small margin after the mortgage and all other expenses. + +Would be interesting to hear some thoughts. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! + +Guten Tag to this global band of Apes! 👋🦍 + +Apes, there is no doubt that this has been a wild week. The jump from $150 up to $190 on Monday, followed by the trading halt and aggressive shorting on Tuesday, followed by turning off options on Wednesday, even more shorting yesterday down to $166, and now the announcement that GameStop is interested in increasing the number of shares that can be issued so they can offer a stock dividend? I knew going into this week that it would have some excitement, but I did not expect this much. + +There is quite a lot of uncertainty about what the 8-K filing does and does not say. GameStop currently can issue up to 300m shares, with only 76m shares currently issued. That they are seeking to increase this limit to 1b shares when they are barely using 1/4 of the currently available number of shares makes me think that this is a move that is looking far into the future. Obviously a stock dividend is a way to quickly consume a large portion of the available shares, but this strikes me as something that is intended to enable their long-term vision for the technology giant that GameStop will become. + +Meanwhile, the fact that the 8-K clearly calls out a stock dividend as a reason to increase the authorized share count makes me wonder if there could be another component to the total dividend issued. Could GameStop issue a dividend that is 1 share of stock and 2 NFT tokens for each existing share? Would such a strategy prevent the kind of lawsuits that Overstock encountered, since the dividend's financial value is clearly the additional share, but there is indisputably another non-monetary component to the dividend? Obviously this is speculation, but the fact that a dividend is on the table opens up a whole world of possibilities. + +Finally, this news puts even more reasons on the table to DRS your shares. Did you know that by DRSing your shares, you'll be able to attend the 2022 Annual Meeting of Stockholders? That the votes you cast for your shares cannot be reconciled away? There is going to be an enormous amount of FUD surrounding this ballot measure, and I cannot wait to see how it plays out. + +Today is Friday, April 1st, 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: **$196.37 / 176,88 €** *(volume: 24244)* +- 🟥 115 minutes in: $196.37 / 176,89 € *(volume: 23781)* +- 🟩 110 minutes in: $196.67 / 177,16 € *(volume: 23348)* +- 🟩 105 minutes in: $196.50 / 177,01 € *(volume: 23162)* +- 🟥 100 minutes in: $196.20 / 176,75 € *(volume: 22483)* +- 🟥 95 minutes in: $196.49 / 177,00 € *(volume: 20928)* +- 🟥 90 minutes in: $196.62 / 177,12 € *(volume: 20697)* +- 🟩 85 minutes in: $196.99 / 177,45 € *(volume: 19689)* +- 🟥 80 minutes in: $196.34 / 176,87 € *(volume: 19172)* +- 🟩 75 minutes in: $196.44 / 176,96 € *(volume: 18631)* +- 🟥 70 minutes in: $195.77 / 176,36 € *(volume: 18096)* +- 🟩 65 minutes in: $196.13 / 176,68 € *(volume: 17225)* +- 🟩 60 minutes in: $195.61 / 176,21 € *(volume: 16774)* +- 🟩 55 minutes in: $195.53 / 176,14 € *(volume: 16390)* +- 🟩 50 minutes in: $195.40 / 176,02 € *(volume: 15978)* +- 🟩 45 minutes in: $194.39 / 175,11 € *(volume: 15587)* +- 🟥 40 minutes in: $194.21 / 174,94 € *(volume: 14707)* +- 🟥 35 minutes in: $194.74 / 175,43 € *(volume: 13788)* +- 🟥 30 minutes in: $195.19 / 175,83 € *(volume: 12380)* +- 🟩 25 minutes in: $196.98 / 177,44 € *(volume: 11373)* +- 🟩 20 minutes in: $195.77 / 176,35 € *(volume: 10475)* +- 🟥 15 minutes in: $195.26 / 175,89 € *(volume: 8813)* +- 🟩 10 minutes in: $197.58 / 177,98 € *(volume: 6775)* +- 🟩 5 minutes in: $196.75 / 177,24 € *(volume: 4318)* +- 🟩 0 minutes in: $194.11 / 174,86 € *(volume: 2694)* +- 🟥 US close price: $166.58 / 150,06 € *($194.69 / 175,38 € 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 1.1101. 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! +We bought our first home 3 years ago for $200k. We’d love to get into a “forever home” in the next 3-5 years, which I’m guessing would be in the $300-400k range. We put 20% down and overpay our mortgage by $150-250 each month, and had a lump thrown at it in February, so I’ve calculated that in 3 years we’ll have around $80k equity and in 5 years it’s around $93k. (We’ve also done a lot of improvements so I’m hoping in a higher resale value, but not counting on it.) Our annual income has increased significantly since we qualified for the mortgage and is steadily increasing annually, so for mortgage qualification I think we’re ok. If we’re setting aside extra savings for this plan, should we use it to pay down this current mortgage and increase equity, or is there an advantage to saving as cash for a move? Are there other things I’m not thinking about? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +One of the bonds: [removed] + +His nan bought them for him when he was a baby. He has 9 of these premium bond documents, but none of them have the holder number filled in. He tried calling NS&I but they said they can't do anything without the holder number. Is there anything he can do to claim the value/winnings of these bonds? +I am interested in people's thoughts/experiences on gaining/maintaining/losing personal connections on their fatfire journeys. + +Quickly about me - early 30s, not fatfire but well-positioned. Started off exceedingly poor being raised by one parent with a severe mental illness. Been joking recently that I've gone from the lowest cost of living city in the U.S. to the highest. + +I have started to notice recently that a lot of my old friendships are starting to deteriorate and I'm starting to suspect it may be due to the vastly different positions me and my friends are in. I don't think its envy or jealousy per se, but perhaps a little bit of shame from those people that they feel they haven't accomplished much and don't have a strong path forward. The friends that I do still talk to seem to be doing at least moderately okay, and the ones that won't return my calls have seen better days. + +As you climbed into higher percentiles of wealth, did you experience the same thing? Did you find it easier to start consorting with people of a similar socioeconomic background? Do people get over this over time? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /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) +So I finally got out of my current role into a 9-5 job after 5 years of doing night shifts. + +It's definitely a positive because now I'm on higher pay and can sleep when the sun isn't up. + +However, now I need your advice /r/ASX_Bets. I want to know how the fuck am I going to trade now if I'm working during the ASX opening hours? + +I used to finish my night shift at 8am, have a quick nap until 10am then trade on the ASX until 4pm. (I would then sleep until around 10pm then go to work at 11 if you're wondering). + +Also, it seems like everyone here has a proper 9-5 job yet is still able to buy and sell stocks quite easily. I'm already back in the office and it's a small team, so I can't imagine my manager would be too happy if he constantly sees me on my phone browsing /r/ASX_Bets and yoloing into stocks during working hours? + +So 9-5 retards, I'm looking for firsthand tips on how I can continue trading. What tips or advice do you have? Or do you only do pre/post-market trades? (FML if so) + +(And seriously, thank you /r/ASX_Bets - you guys have made my life so much better from the beginning of 2020 until now. I don't want to lose you guys.) +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.