diff --git "a/reddit_finance_43_250k_15.txt" "b/reddit_finance_43_250k_15.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_15.txt" @@ -0,0 +1,10000 @@ +* rare cards in online collectible card games +* plots of land in Arizona +* corporate stocks from Fortune 100 companies that trade on NASDAQ or the NYSE + +Does that make more sense to you now? People aren't necessarily excited about the actual cats themselves, they're excited by *the endless possibilties* that this demonstrates. + +Go look at the online marketplace they've created. Look at the user interface. Fire up your imagination and envision a world where 'digital drawings of cats' are just one of the many, many, MANY assets being traded in the Ethereum eco-system. + +THIS is precisely what gives Ether its value: the ability to create, tokenize, and trade things **on the blockchain.** And this is the reason that CryptoKitties was deployed to the Ethereum blockchain and NOWHERE ELSE -- not Bitcoin, not Dash, not ETC (lol ETC). If you're mad about CryptoKitties, you're missing the whole point -- this isn't a distraction from the price, this is *exactly the reason that ETH rose 5000% over the past year.* + +Yes, it's silly and it's goofy, but it's a proof of concept. It demonstrates to the world what is currently possible, RIGHT NOW, in the Ethereum eco-system. ETHEREUM, and nowhere else. It's not about the cats, it's about the future potential of the whole protocol. +I'm gunna get downvoted to oblivion but... it seems everyone on this sub is doing the opposite of time tested advice - as in trying to time the market; short term investing; not buying bonds; allocating unreasonable portions of portfolio to a single specific sector; performance chasing; subscribing to "actively managed" etfs/indexes with high ERs. + +It's like...this sub is a culmination of everything we're not suppose to do when we're investing. + +There has to be more to investing besides just VTI + tech tilt. Like, we just had 10 years of rocketing tech growth and the idea this is just going to go on and on forever and you should pile more money into these over valued assets is going to leave a lot of people hurt. + +To answer like, 90% of the questions you have: No, going VTI then doubling up on QQQ is not a good move- it is not diversified - you are just taking unnecessary extra risk to double down on tech stock performance chasing. +I don’t really get why people sell their shares of NVDA, AAPL, GOOGL… when they have done their DD and believe in the growth of the company. I’m not talking about people that are clueless and don’t know how to trade. + +If you know that the company will keep growing in the future, what’s the point in selling at a loss in times of rough market if you know that it won’t go bankrupt ? Why not just wait + +EDIT : well, this post aged like fine wine with the market recovering and the Dow nearly green and nasdaq +2% +I Saw a post on r/dataisbeautiful about how basically all of America's problems could be solved if we just taxed the super rich. And how even if we took 2/3s of their wealth they would still be billionaires. + +Now something inside of me says that it wouldn't work but I don't know how or why. Would some economist please tell me why it wouldn't work. Or if it would. + +I know that this could get political but if at all possible please don't. I'm just so out of my depth here I'm not really sure how to phrase this question correctly. + +Post in question +https://www.reddit.com/r/dataisbeautiful/comments/jealem/a_bar_chart_comparing_jeff_bezos_wealth_to_pretty/?utm_medium=android_app&utm_source=share +Seriously. Mods please do something. + +The amount of basic TFSA questions that are seen everyday is getting ridiculous. + +Theres so many posts already answering the same questions. Hundreds of websites online explaining the rules of a TFSA and you can easily find a TFSA calculator that will answer the same questions these people have. + +Can the mods sticky a TFSA thread at the top or start taking down these posts or handing out 24 hours bans. + +Edit: "The community shouldn't rely on moderation to determine which conversations are worth merit or not." That quote is from a mod. + +Yet they have a rate my portfolio thread stickied to the top, cause they think these types of post dont merit a thread but wont make one for TFSA conversation despite the clear support for it. Hypocrisy. +$DB alledgedly knew of Epstein's criminal history, but failed to prevent millions of dollars in suspicious transactions. + +Do you think this will have a long-term impact on the company's share price? + + [https://www.cnbc.com/2020/07/07/jeffrey-epstein-case-deutsche-bank-fined-150-million-penalty-for-relationship.html](https://www.cnbc.com/2020/07/07/jeffrey-epstein-case-deutsche-bank-fined-150-million-penalty-for-relationship.html) +Snippet here: https://twitter.com/_BenWright_/status/1485205178995380229/photo/1 + +Full article here: https://www.thetimes.co.uk/article/89d97ec4-7b8b-11ec-b61a-0b3711477c9d?shareToken=3014d284ee6cf9c65ac13ce531e1e84d + +Just LOL. Huuuuge red flag for me lmaoooooooo +Apologies if this question is badly phrased, as I'm not sure the best way to ask this. I'll try to explain. **(EDIT: I've realized that the way I wrote this post, you could argue that this is more of a philosophical/ideological question than an economic one. Perhaps rather than arguing whether landlords are "good" or "bad," the question should be why they exist, what need or specific use case they address, and/or what would happen in a world in which landlords either did not exist or were not legal.)** + +Some leftists, including [anarchist YouTuber Thought Slime](https://www.youtube.com/watch?v=g2EWQ4v9wbA), argue that landlords — or at least the practice of buying housing and charging people for access to it — is immoral. The idea is that housing is a fundamental human need (I happen to agree with this), and all landlords are doing is buying places for people to live and charging people a monthly fee to live there. Also, landlords often do not add any value to the property they are renting out, so the only way they're profiting from it is by owning it and charging people to live there. Because landlords are passively profiting from a product/service that is practically needed to live, and because renters often have no choice but to rent if they want housing, the landlords are, according to the argument, exploiting this necessity. The moral thing to do, then, would be to seize these properties from the landlords and allocate them to people based on need. + +To be honest, I don't know how to respond to this argument. It seems pretty logically solid to me. But to my knowledge, economists aren't opposed to renting or landlords. Thought Slime's opinion on economists, ["most economists are parasites that believe whatever neoliberal bullshit the Chicago school tells them to"](https://youtu.be/TBOxrHdTKE0?t=1803), indicates to me that he doesn't care about their views on this issue, but I do. + +**Is renting/landlord-ism "bad" or "immoral"? Why can't renters pay the same monthly fee just to buy the property outright? Are there practical benefits to landlords existing, and do these outweigh the drawbacks?** + +It's worth noting that the second link in this post is TS's rebuttal to another YouTuber who argues against his idea that landlords are bad. In this second video, TS makes clear that he believes landlords are just a symptom of the larger problem of capitalism, the profit motive, and private ownership. I think further asking economists to justify capitalism, the profit motive, and private ownership would unnecessarily widen the scope of my question and devolve into ideological infighting. That said, I personally do not believe profit and private ownership are inherently bad or immoral, so I'm more concerned with how these apply to housing/renting specifically. **Is it immoral for someone to profit purely from owning housing and charging for access to it, rather than from constructing and selling it outright?** +I've worked at this company for \~4 years. The company isn't doing too hot (no layoffs but essentially just breaking even). I had a good/great review this week, and was told there's essentially no chance for any increase. Even IF we get X number of new customers (which is pretty much a best-case scenario), we're still below our goals so I don't see boom raises next year. What worries me most is that almost every coworker doesn't seem to care about the raises. + +I do want to say, I really really like working here. + +It's a smaller city, so there aren't a ton of opportunities, but do I need to get ahead of this and stop this cycle? Is this expected at some points at some jobs, or is this just definitely a terrible sign and I need to get out? +So, I posted the following content as a comment elsewhere and have decided to make it its own post for everyones consideration. There is more detail probably needed in my comment to fully flush my case but for TL:DR purposes this should stimulate the idea in your brains. My personal opinion, not right or wrong, not advise, educational. + +"I never close at 50% profit. Its so silly to do so. There is only one indicator you should watch pertaining to when to close... profit/day. + +Say you sell an option. At some point you reach the miracle 50% profit (lol). Please dont proceed to blindly and ignorantly close position. First look at how much profit per day is left on the position and then compare this profit per day to another position you are considering (whether its a different expiry or company - dont matter). If current position is decently less $/day = close. If not, run that profit % higher! Why wouldnt you? + +Profit per Day (decay) is king imo. Percent profits or losses mean nothing to me." + +The beautiful thing about this is that you can check profit per day against other plays whenever and as often as you like. Sometimes, the dollars/day will tell you to close at 30% profit, orher times it may be best around 80% profit. There is nothing magical about 50% specifically imo. Its just a super generic black and white rule that helps add structure to a playbook. I prefer my black and white analysis to be based on my expected profit/day being as high as ut can. + +Thanks for reading +I have nowhere else to post this but I really need to get it out. + +Been working for the last decade in the public school system, with my actual position being paid through a non profit. As I was working for a non profit, my pay was always low for the work I was doing, but that was the norm as schools in this area pay non profits to serve children as a way to save money. + +About a year ago my companies management team took a hit when my bosses boss left. The guy who replaced her is, for lack of a better term, an idiot. The team has been struggling mightily and it has resulted in people in my position being jerked around and treated badly. About a month ago, it was my turn. New guy in management tried to fix something that didn’t need fixing by transferring me to another school. My current schools principle pulled me into the office and said she was unhappy with how my team had handled the situation, but that she felt badly, as she felt like I was made to be the scapegoat. She said her main priority in this situation was to keep me in the building, and proceeded to offer me a job. + +Here’s where the life changing part comes in. Met with HR earlier to get a formal job offer and my grown ass cried like a baby in front of them. First, my pay is going up from just under $30k to just over $40k. That is a huge pay increase that was more than enough for me, but not the end of the good news. + +Four years ago, we had our first child, and My insurance went through the roof. For the last four years, I have been paying nearly $12k a year for health insurance for my son and I (about $225 a week). Well come to find out, being employed by the school system means that insurance for the two of us is covered at 100%. As in its free. + +Basically my pay almost doubled. Today was a good day. +Here are some of tax compliances that businesses in our country have to follow up on:- + +1. TDS + +Earlier the requirement to deduct TDS was for only people whose books were liable to be audited (Rs 5 crore Turnover) + +Now the provisions have been changed to make every business having more than Rs 1 crore Turnover to deduct TDS + +So what's the hassle? You need to make TDS payment on 7th of every month and a Quarterly TDS return at the end of each quarter (means you only 6 days to complete your month's accounting to ascertain TDS amount) + +2. PTRC + +States like Maharashtra require you to pay Profession Tax of Rs 200 per employee alongwith the Return each quarter + +3. ROC Filing Charges + +This is just plain outrageous. Government requires you to pay Fees for filing Return *on time* (Rs 100 per day late fee in case of delay with no upper cap limit) + +Not to mention, they require the ROC Returns to be signed by a CS + +So between Form ADT-1, AOC-4, MGT-7, DIR-3, etc and Filing Fees payable to CS you end up paying between Rs 10,000 to Rs 15,000 + +Ministry of Corporate Affairs could literally ask Income Tax Department to share the financials uploaded in Income Tax Returns for verification. But no, they would rather make us file these additional returns and ask for the same information again. + +4. Tax Audit incase you want to show your Net Profit lower than 6% + +For Individual businesses having Turnover upto Rs 2 crore, the Income Tax Act through Sec 44AD(4), Sec 44AD(5) and Sec 44AB(e) essentially mandates such business to show Net Profit of 6% if they want to avoid going through a Tax Audit + +Basically, even if you are maintaining proper accounts, government is essentially saying that they don't trust you when you show Net Profit below 6% normally. Somehow, they can't contemplate the concept of Losses and believe every taxpayer out there is a thief. + +By forcing such people to go for Tax Audit in case they don't want to pay Taxes on 6% Net Profit (which doesn't exist), the Tax Payer ends up paying Rs 15,000-20,000 to a CA + +5. GST + +Where to even begin? + +If you Purchase Goods with GST you can untilize the Amount Paid for the GST component to adjust your own GST Liability on Sales. Sounds good, right? + +Well here's the catch, if the Supplier (who sold goods to you) does not file his GST Returns/Forgets to show that specific Invoice in GST Return in your name upto the September of next year, you will essentially be disallowed from availing GST Credit on that Purchases (because Government essentially thinks you might be availing fake GST Credit on bogus Purchases) + +So you paid the GST on the Purchase to the Supplier in good faith, now he was the one who did not do the Tax Compliances. + +So instead of going after him, they are essentially punishing the Purchaser by not allowing him GST Credit. + +So the Department has shifted the burden of GST Recovery from themselves to the Purchaser of Goods. Now you have to follow up with the Supplier and essentially beg him to file his returns in time or refund you the GST Amount (Of course he is not going to refund you, and you can't really afford to take legal recourse) + + +These are just some of the major examples. I have not even touched upon ESIC, PF, Gratuity, Property Tax, Capital Gains, etc + +Most laymen business neither have the time nor the expertize to ensure such tax compliances. So they need to hire an accoutant to maintain updated books on a monthly basis and hire a CA for such work. + +After it's all said and done, a business ends up spending upto Rs 3 lakh between Accounting and various Return Filing Charges. + +(This is assuming you and your CA have done a perfect job, I don't want to scare you by bringing up Interest, Late Fees and Penalty Amounts) + +The compliances are only increasing with each passing year and many entrepreneurs are finding it more and more frustrating to focus on core operations of the business (speaking from personal experience) +I've noticed a trend on this forum of people trying to learn the mechanics of a valuation process without understanding what the numbers they are using mean or the basic finance assumptions that underly different valuation processes. For example, posts will commonly ask about a particular part of a DCF model while at the same time mixing up free cash flows and earnings. If you don't know finance and accounting as a value investor, to use a Mungerism you are a one-legged man in an ass-kicking contest. The great value investors learn all the time and get to the core of important subjects, they don't try to figure out how to avoid learning about GAAP rules. + +When you read Warren Buffett's letters to shareholders you would be surprised at just how much thought he has put into GAAP rules and the basic tenants of finance. There are ideas in both fields he disagrees with, but he takes learning about the subjects very seriously. Knowing accounting and finance is not sufficient to be a successful value investor, but it is hard to argue that it is not necessary. + +TLDR: Take the time to learn accounting and finance. +I didn't spend 6 months of my life, the last two riddled with death threats, shill buyout offers, and carpal tunnel, to watch this shit happen. After my account was hacked and deleted, I took a few days off, and this is what I come back to? + +You're better than this. Anyone screaming back and forth about the importance or likelihood of a fake squeeze may not be a shill, but they certainly aren't being productive. You know the play. Buy and hold until you see a number you can't even fathom. Then keep holding til your heart gives out. + +Could they, against all rhyme or reason, try to pull out all the stops for one last bamboozle? Sure. Maybe. Who fucking cares? Such activity shouldn't even be triggering your price alerts. Straight up DOES. NOT. FUCKING. MATTER. + +I've seen some utterly absurd shit make it to the front page recently, but multiple posts about this takes the cake. At least some of the others had the decency to posit "scary" (albeit laughably erroneous) sentiments. You shouldn't waste an ounce of energy or concern about anything that doesn't materially change the dynamics of the MOASS, especially if it appears to be sowing division. If anything arises that does, you'll know very quickly. + +TLDR: I truly believe most apes know this by heart, but for anyone looking for a little extra confirmation bias before this jumps off, I'll always be your guy, no matter how many accounts it takes. You are the best of what this world has to offer. Live to up that. Ain't shit changed. Ape no fight ape. Buy and HODL. See you in interstellar space. + +🙌💎🚀❤ + +-Broviet (check post history for verification from jsmar18 if wanted) +My mother brought her house for $86,000 and now because of location and time it is worth $500,000. She says she wants to put it in my name but when that happens property taxes and insurance will go up and I need to pay for it. I want to start researching now everything I need to know about this process and what i plan to do with the property. My goal is to rebuild and then rent it out. The house is old and dirty and I would love to tear this thing down. Every house surrounding hers has been torn down and or renovated and looks nice. I know this would be a great investment I just want to do it right. I don’t know where to start. In general I know I should take a loan out on the house…then hire to have someone plan out and build on the property. Who do you go to for consulting on these things? Where do you recommend I go to first. Please throw real estate terminology at me I want to research and prepare so I know what I’m talking about and don’t over pay. it is very important for me to keep this property in my family to build generational wealth with hopefully. Took a lot of convincing my parents to not sell this house. (They are well off without it, otherwise I would have not mentioned it) Thank you! +Coffeezilla is a famous youtuber who exposes scams and warns people to never invest in them. His recent video telling people that Doge is like gambling got a community guidelines strike from YouTube and they deleted his channel. Imagine waking up to see your livelihood destroyed. We desperately need a decentralised video platform so that these powerful companies lose their monopoly. We don't matter to them even though we are the users of these platforms, how ironic! + +Edit: He just shared his thoughts on twitter that it might have been the doge army who flagged his video and took down his channel. + +https://preview.redd.it/rt116wyy2ix61.png?width=1166&format=png&auto=webp&s=b432aa9da6c312618a1e01889bebe31d5058b2f2 + +Final edit: He got the channel back after the youtube team manually verified that no guidelines were broken. +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) +The description for this sub says “we are selling options to WSB degenerates.” + +I don’t see “conservative income generating retirement strategies for chickens” anywhere in the description however. + +Edit: Thanks for the lively discussion. Here’s a tldr of the general categories most comments fall under: +(1) they’re scary and you’ll lose all your money +(2) we tell that to beginners who should learn on less volatile tickers first +(3) the sub description is inaccurate +(4) the sub description is no longer accurate, because memes are less predictable than they used to be +(5) this is a large sub with many different opinions +(6) it’s fine, just understand the risks +(7) I do it all the time, those boomers should go back to bed +Deutsche Bank is the first major bank to forecast a US recession, albeit a "mild" one. "We will get a major recession," Deutsche Bank economists wrote. + +The problem, according to the bank, is that while inflation may be peaking, it will take a "long time" before it gets back down to the Fed's goal of 2%. That suggests the central bank will raise interest rates so aggressively that it hurts the economy. + +Thirty-eight percent of small US business owners say inflation is their biggest concern, twice as many as the second place “supply chain disruptions” (19%) and well above Covid-19 (13%) and labor shortages (13%). + +In case of recession, where should one put his money? +I have around 10k USD and I am looking to invest it somewhere which is safe. I don’t want huge returns but I just want a steady, decent cash flow. Any suggestions? I’m new here btw. +Someone tried to scam me in a way I haven't heard of before. Here's what happened: + +I posted an item for sale around 9:30 pm. About 30 minutes later, I get this text: + +>Hello!! I wanna Buy your *[CL post title]* +>. Can i call you? + +The fact that they asked if they could call instead of just calling didn't seem too odd since it was after 10pm, but the timing of the text so soon after I posted the ad set off a red flag. + +The text came from my area code, so I thought maybe it was legit. + +I replied "sure" and then they texted: + +>okk Bro... But..Now a days there are many scammer in Craiglist. +> So i will verify you. +>I just sent you a scammer verification G-code on your phone inbox. +> So Tell me the code.Then i call you now. + +Right at the same time, I get this: + +>*[6 digit number]* adalah kode verifikasi Google Voice Anda. Jangan bagikan kode ini kepada siapa pun. *[Google url]* + +This text came from Google's number they use to verify your number for Google Voice services. I don't even know what language this is. + +Coincidentally, I had re-verified my number about a week ago, so right above this text, I could see this one from the same number: + +>*[6 digit number]* is your Google Voice verification code. Don't share it with anyone else. *[Google url]* + +So the scammers were hoping I wouldn't understand that giving them the 6 digit number would give them access to my Google Voice account, which then could probably be used to access my email or other accounts. + +Sending the Google verification text in a foreign language was an interesting twist, as the recipient wouldn't understand that it says "Don't share it with anyone else." + +They sent one more text: + +>Tell me the code plz..?? + +Then I blocked the number. + +Anybody else seen this? +I'm a US nurse working in a US military facility overseas. My husband is active duty and stationed near me. We are debt free and have a year's worth of expenses in a liquid emergency fund. + +&#x200B; + +My friends and colleagues in the US are telling me horror stories about how they do not have enough masks to take care of COVID patients. How for-profit hospitals are asking them to make their own masks, or, on the flip side, are threatening to fire them for bringing in masks from a personal supply. They are scared. They do not have the reserves to be able to quit, so they keep coming back to work, knowingly exposing themselves and their families when the organizations they work for could be making different (better) choices. + +&#x200B; + +Earlier this month I was asked to do several unethical things regarding protecting Soldiers from COVID. Because I have the luxury of being in a place of financial security and working for an entity that has a notoriously hard time firing civilian workers, I dug in my heels and said hell no. Since that point, I've become even more vocal at work. FU money has given me the ability to protect those around me who have no say. If they fire me for doing what is right, my family and I will be okay. +I talked about the idea [here](https://www.reddit.com/r/investing/comments/9mvabs/z/e7htx2q), and it's a simple one, but potentially lucrative. All that needs to be done is identify public companies with major product lines enjoyed particularly by basic white girls and equal weight them. Intuitively it makes sense; these are customers with money and the ability to set cultural trends. Here is the American white girl index as I currently have it: + +* AAPL + +* DECK + +* DIS + +* EL + +* FB + +* LB + +* LULU + +* NKE + +* SBUX + +* UAA + +* ULTA + +* VFC + +If we add foreign stocks, we can include these: + +* ADDYY + +* DEO + +* LRLCY + +* LVMUY + +I don't remember the rest of what we came up with, but regardless, backtest and behold. White girls crush the market. + +EDIT: I'm back in this thread, and I agree about several of the proposed additions, most notably TIF. A lot of you are asking why I left out SNAP, though. I simply forgot about it, but even if I didn't, it's been public for such a short time that it would screw up any decent backtest, and I would probably not include a company with no history of positive EPS anyways. That said, if any of you put some money into a scheme like this, feel free to add or subtract whatever you want. I am powerless to stop you. + +EDIT2: In accordance with community consensus, we can go ahead and add these: + +* ETSY + +* FIZZ + +* GOOS + +* NFLX + +* SNAP + +* TGT + +* TIF + +I personally would decline to add a couple of those due either to very recent IPOs or a lack of history of profitability, but they do fit the stereotypes. +Basically just this. Friends/coworkers were oohing and ahhing over their rocks in the grad office today. They just have cost at least $10k apiece. Then one of them turns to me and says “Seraph, you’re engaged too, right? Why don’t you wear your ring to work?” I made up some dumb excuse about working with too many acids in the lab and being clumsy, and excused myself. Held off the tears till I got to the bathroom stall. Truth is, I don’t have a ring and I probably never will have one other than a simple wedding band. + +I’m 27, still in grad school, fiancé and I have been together for a decade. My stipend pays less than minimum wage. He lost his job a few years ago and only found a new position a few months ago that pays only a fraction of his old job. We’re barely keeping our heads above water ever since we had to use up all our savings. + +It was just overwhelming today hearing my friends talk about something that probably cost half of what I make in a year as of it was some run-of-the-mill thing. It makes me wonder why my fiancé and I aren’t in the same place as they are - I mean, my friends are grad students too! It makes me feel like I’ve done something wrong or messed something important up and I hate it. + +Edit: Whoa, this got big. Thank you so much for your kind and supportive comments, everyone! I wish I could type something to each and every one of you but I’m headed to the middle of absolutely nowhere for fieldwork tomorrow and and won’t have time nor Interwebz sadly. Thank you for consoling an over emotional basket case like me. I don’t even want a gosh darn ring, I just felt sort of left out in the moment, and I guess I also have to learn to not react so strongly when I do! +I've been thinking about it a lot, and can't seem to find an answer, which annoys me greatly. + +I get that banks allocate capital to the most efficient businesses, they grant loans to buy equipment, they facilitate payments for the average individual, etc. I get that banks are very useful institutions for the economy, but how does them lending money out of thin air to individuals looking to buy homes being a productive thing or adding value to the economy? They literally only artificially raise the price of homes. I also get that it's historically been one of the best ways for a central bank to do QE through lower interest rates, that people use to refinance and get cash on hand with a HELOC or whatever. + +But again, how is it fair that they get to lend money created out of nothing, either through fractional reserve or directly from the central bank, and then lend it at an interest rate? Sure, they must charge a premium for the risk of default and to pay the central bank's borrowing cost, but what about the other portions? And as we've seen in 2008, the thing with the banking system when it comes to mortgage on housing is that they banks are basically immune to systematic risk, because if the whole thing fails, they will need to get bailed out in order for the economic system to keep going. + +And doesn't this system eventually inevitably lead to liquidity issues? By default, by lending money you increase M3 while not necessarily increasing M1. Unless the interest rates lower every couple of years, I believe liquidity crises are inevitable, because loans effectively ask for money that is not even part of the economy. If all the loans were recalled at once, the whole economy would collapse. + +The system feels so fragile and so unstable, and while some properties of this economic system are desirable, its innate stability doesn't seem desirable for Tier 1 civilizations, or economic superpowers like the USA. + +Tl;dr: Why do banks "deserve" to make profits off of loans on residential properties when they add zero value for the borrower, unlike loans for businesses, investments, etc. Residential mortgages seem like a huge ripoff, and artificially raise the price of all homes, which then raises the borrowing amount needed to buy a property, which means more interests to the bank. +I just watched an interview with Wes Christian on investor Matt Khor's youTube channel and it blew my mind. Wes estimated that naked shorting has stolen trillions of dollars from the American economy in the last two decades, or as he calls it "financial treason." In his words it has "stolen retirement from a generation." + +I should add that Wes is a lawyer that has been fighting crooked hedge funds and brokers for decades. + +I don't know how to change the title, but that should have been "naked shorts" not "naked shares." +I'm afraid I am going to get stuck with my income/debt ratio and not be able to progress forward. I know it's coming, and I want to prepare myself. + +Looking for advice on what you did to continue purchasing rental properties. + +Current situation: +Ontario, Canada +Working a salary job 80-100k +Have a side hustle that brings in 20-40k +Living at home. Bills are $1500/month + +Own: +Townhouse - refinanced 2020 to purchase the duplex +Duplex - Refinanced early 2022 to purchase the fourplex +Fourplex - purchased in september. Doing some upgrades to potentially refinance 60-100k for the next purchase. + +After expenses I'm bringing in about $2000/month in cashflow. Between this and my personal income, most cash is getting dumped into the duplex as I am converting the basement to a 1 bedroom unit which will bring in another $1200/month. + +All my mortgages are with the same big bank. My mortgage broker is saying I may be able to purchase only one property more with my current salary. Only way after that is to increase my salary significantly, which is not an option. + +Any advice is appreciated. +Hey first time posting on here so please excuse formatting. Yesterday I went into a car dealership to look at a 2016 Subaru WRX with about 40k miles. I was offered a test drive with one of the sale members coming with. I drove it for around a total of ten minutes and maybe a few miles around the block. I am somewhat new to manual transmission which I stated before the test drive and they said that was totally okay. I drove very carefully and did not redline the car at all or stall it once. Once or twice I struggled to find my gear but that was it. Upon returning we talked numbers and I ended up buying the car and doing the 3 plus hours of paper work included. They said they were going to go fill the car up with gas and that I was good to take it. At this point all paper work was signed, and I had also put on a lifetime "bumper to bumper" warranty on there that they said would cover anything beside cosmetic damage for the life of the car. + +Anyway I wait for probably another hour before someone comes up to me and says hey there's been an issue and the clutch is stuck on your car. After some discussion they say they are loaning me a rental car for free and will have the clutch replaced soon on it. I ask them if they are covering the repair and they say yes of course we are. Well that was yesterday and today I get a call from one of the managers saying that the clutch is repaired but that I have to pay for the repair (3000$) because they claim it's my fault it broke. I told them that a ten minute harmless test drive that one of your reps was along for certainly could not have caused the clutch to go out. I told them I wouldn't be paying for it. They said they'd call me back with a solution but then never did. I feel trapped into this contract and have already put a lot of money down on the car. Am I fucked? Is there anyone to turn to for this? This was my first experience it at a car dealership and it's honestly become a nightmare. Any advice helps thank you so much. + +*RESOLVED* +Went in this morning and broke the contract and got my down payment back! Thank so much for all the responses this ended up being a huge resource and made me feel like I was in the clear to break the contract! Thanks Reddit hopefully this is all cleared up and they don't pull anything else! +Well, weren't those last two minutes of today's trading exciting! Wut Happened?? Crime happened. + +Wut Crime? Banging the close. + +Banging, sounds sexual, maybe the SEC might actually be into this 🤷‍♀️🤷‍♀️🍆? But wuts "Banging the Close"? Well, according to the CTFC - + +" **Banging the Close**: A manipulative or disruptive trading practice whereby a trader buys or sells a large number of futures contracts during the closing period of a futures contract (that is, the period during which the futures settlement price is determined) in order to benefit an even larger position in an option, swap, or other derivative that is cash settled based on the futures settlement price on that day. " + +But that says "futures", GME is a stonk. Yes, GME is a stonk, but the principle still remains true, especially given the derivatives/options on GME are at levels that exceed the shares in existence. Well, real, authentic shares at least. + +&#x200B; + +But, there was a index rebalance, maybe that was it? Well, yes, GME stonk is moving from the S&P 600 to the S&P 400 tomorrow, the stonk needed to be bought and sold by ETFs/Mutual Funds. By 3:50 PM EST on 8/3/21, a report was published by the NYSE stating GME has a large order imbalance of 2,196,034 shares on the buy side to account for this. + +&#x200B; + +[Screenshot of NYSE News from Schwab Street Smart Edge Trading Platform](https://preview.redd.it/y36bqzjgg7f71.png?width=557&format=png&auto=webp&s=1b15017e91fdeac6117805f69095d250c1b993fb) + +What happened next was crime. Even the obsolete, basic data available for "dumb money" apes can prove it. How? Simply Looking 👀. + +&#x200B; + +According to the data from [Market Chameleon](https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP), the regular session for GME trading on 8/3/21 had 3,100,172 shares traded, and 1,097,377 shares traded in the final 10 minutes of the trading session. Yes, 1/3 of the days volume occurred in the final 10 minutes. See below - + +&#x200B; + +[Market Chameleon Screenshot of 8\/3\/21 GME Trading](https://preview.redd.it/l67hbjgvi7f71.png?width=1112&format=png&auto=webp&s=a89766acdcd4375c75b76879a2738aa86debfba8) + +&#x200B; + +Notice that crazy candle on 3:58 PM EST on 8/3/21 on the GME Chart? Hard to miss. Wut happened? + +* Between 3:50 - 3:57 PM EST, GME traded 604,866 shares, and the price rose about $5/share from 154 to 158.89. This makes sense, considering NYSE said 2,196,034 shares needed to be purchased based on the order imbalance, and when there are more buyers than sellers, the price should rise (although GME is trying it's best to disprove this theory). +* During the last two minutes of the day, 492,491 shares were traded, all being dumped on bids, to tank the price nearly $7/share to close the day of 8/3/21 at $152.75/share. These trades were not purchases, but rather sales, otherwise the price would not have printed on the bids, or below the bids, for the last two minutes of trade. +* The buying between 3:50-3:57 was almost perfectly offset by the selling in the final two minutes, which on a typical day is expected by now by the market ~~manipulators~~ makers, and GME closed on the day with what was likely still around 2 million shares of order imbalance on the NYSE. +* After hours, more than 10 million shares were traded, one block consisting on 6.6 million shares at 152.75, off exchange in a darkpool, or ADF. +* From 3:58 PM EST, 1,105 option trades were made, totaling 3,566 contracts. No way the MMs/HFT algos behind the closing bang had anything to do with this massive increase in option trading, right? + +So, wonderful regulators and SEC, I ask you, are you going to look into who "banged the close" to drop the price $7 in 2 minutes, what accounts those 3,566 option contracts that traded during the same time belong to, and did the party/parties involved in the bang turn around and fill an order for 10 times the volume after hours at the lower price? Thank you in advance for doing nothing, other than adding another chapter to the story of how the SEC has failed to do anything it was created for. See you again tomorrow. + +Edit 1 - Adding some clarification to help answer/address some of the comments/questions- Over 2 million shares needed to be bought after 3:50 pm to balance the nyse order book. 600k shares were purchased from 350 to 357 pm est, and this buying caused price to rise. The last 2 minutes, however, 500k shares were sold, taking the price back down. The volume needed to bring nyse back into balance never materialized during the 10 minutes after the imbalance was reported, only about half the volume needed appeared, yet almost half that volume was selling, not buying. I find it impossible the 500k of share sales was a bona fide trade, since this occurred prior to the buy imbalance being settled. So either someone banged the close, or they failed to report the 1.6 million share purchases to close the imbalance to the tape to justify a bona-fide sale of 500k shares in the final 2 minutes. Blatant fuckery, even if it somehow wasn't banging the close to get a better moc price for the after hours index rebalancing trades. +After reading thru GME’s proxy today, I decided I will be buying an additional $55,000 GameStock $GME on Monday. + +That will bring my starting position to just under $160,000. Proof from my broker is in link below in comments. I need to figure out how to DRS, as I’d like to. + +Also to address some other things: +1) the amount of people after me for supporting GME is insane. But it’s fine. I’m good with it. +2) to those who don’t trust me, you don’t need to. I’m fine with skepticism. Bring on the skepticism. Where I will draw the line is if you are hostile. I haven’t blocked anyone yet and frankly I don’t want to. If you’re skeptical, be skeptical. I don’t care. But don’t be hostile. I’m just trying to help. Believe it or don’t. +3) I have no control over how much people post about me so pls don’t hate on me for that. You can hate on me for that but I don’t control that. I agree that it’s too much. + +I am human. And I did get pissed at a guy earlier whose literally been harassing me every day. I will do better. + +Anyway that’s all I got. + +Below in comment is link to my current position which will be increased by $55k on Monday, to just shy of $160,000. + +Have a Happy Easter and/or Holiday +- ME +Hey guys. Need some help. So I work for water utility. I’m an water operator. My current base salary is about $81,000 with the amount of OT I get pushed it into $93,000-95,000. I recently applied for for an engineering position and I got the job. Thing is they offered $86,000 after I countered there first offer of $84,000. Positive of position switch would be hybrid schedule be able to take my son to and from school. Out of the elements. Negatives would just be the OT I’m leaving behind and extra money. Let me know what you think. Thanks + +Just wanted to update everyone. Not sure if you all will see this. But I countered with $88,000 and they accepted my offer and will be joining the department. Thank you guys!! +I read a thread about much everyone was down from today and there was comment talking about how a 3% drop in an ETF position was "not looking good for the future" + +Can you imagine seeing your portfolio down 3% and even noticing? + +Not understanding that being adverse to risk at 22 years old is literally retarded? + +If you don't have at least 1 position in a trading halt with a 50/50 on either mooning or restricting your diet to migoreng for two months then you can miss me with that shit. +Hello All, + +Big fan of this community. Just wanted to bounce some ideas. I currently have 250k saved and I just turned 29 years old. Seriously thinking about putting 150k into a high dividend income yielding portfolio returning around 8.5% (UTF,EOI,QYLD,JEPI). Due to my age, I do not need the income, rather I will be DCA'ing every monthly check back into the etfs forever. Effectively this will give me a "raise" every month/year which is cool. Ive run some calculations and by the time I am 40, re-investing every monthly check evenly, not accounting for any growth in the etfs (even though UTF, EOI, and JEPI have modest growth), the portfolio will be worth 340k and yielding about 29k a year. This will likely be significantly higher because growth was factored in at 0. What are your thoughts on this? Seems pretty reliable to me. + +With the remaining 100k, I will be investing in a mixture of growth and blue chips stock. Would love to hear some feedback on this dividend income strategy. I figure the DCA approach really makes this strategy much more attractive, but what do I know. Would love to hear your thoughts, thanks +“Slowly”. Pronounced a bit slowly following a short pause. My wife is sharp as a tack! + +The billing clerk was gobsmacked. Nobody had ever answered that way. Seems like a response that could go legend in a place like that. + +How have you responded when they dropped the bombshell? +Like many others on this sub, I am heavily invested in technology, growth, disruptive innovation, healthcare and clean energy, AKA everything that has been getting slaughtered over the past few weeks. To make matters worse, I mostly bought the vast majority of my portfolio in early February when valuations were at all time highs. I couldn't have picked a worse time to buy in if I had a time machine and a desire to lose money. + +In spite of my recent poor timing, I do consider myself somewhat of a knowledgeable investor. I have been following the markets for nearly half a decade thus far even though I haven't had the capital to invest myself until very recently. + +My goal with this post is to share several reasons why I am optimistic about the markets and my investments in the near future, despite my seemingly terrible timing of the market, which I believe will be of little importance by this summer. + +This reasoning is not based on any specific company or ETF, but is rather a top-down zoomed out look of the overall market and economy. I will however pay particular attention to the Nasdaq, which is the exchange in which most of the companies that have been hit the hardest in the aforementioned sectors are traded. + +So without much further ado, here are five reasons for my optimism: + +**#1: Inflation** + +There were a lot of inflation fears throughout late February and early March due in large part to concerns that the injection of money into the economy via the $1.9T stimulus bill would plummet the buying power of the dollar. However, the Consumer Price Index report this past week alleviated some of those fears and showed that we're in better shape than we expected. The core consumer price index, which excludes volatile food and energy costs, increased 0.1% from a month earlier and 1.3% from the prior year. The overall CPI rose 0.4% from the prior month and 1.7% from a year earlier, a Labor Department report showed Wednesday. The median estimate in a Bloomberg survey of economists for the month-on-month change in the CPI was for a 0.4% gain. The core measure was projected to rise 0.2%. [source](https://www.bloomberg.com/news/articles/2021-03-10/measure-of-u-s-core-consumer-prices-rises-less-than-forecast) + +**#2: Bond Yields** + +The Treasury had a pretty successful bonds auction and this stabilized the bond yield, which was probably the biggest driver of the recent correction. To make a complicated topic simple, the price of a bond is inversely related to its yield. When one goes up, the other goes down. If there is high demand for US government bonds, the price of the bond will go up, meaning the yield on that bond will go down. This is an established economic principle. When the yield suddenly increased at a fast rate 3-4 weeks ago, it caused huge fears that equities would no longer be the best place to invest cash. To explain this, if the yield is high, it becomes more tempting to invest in. If you had 100 investors each with $1000, maybe 5 of them would invest $50 into bonds if the yield is 1%, however if the yield increases ever so slightly to 1.15%, then you may find that you now have 7 of those 100 investors who are now interested in investing an average of $70 into bonds. This may not seem like a huge deal, but any money that goes towards bonds is money that isn't being invested in equities. Anyways, the US Treasury recently auctioned off its bonds, and the demand for them was better than expected. As we all know, when demand is high, that means price will be high, and using the aforementioned principle, if bond price is high, that means bond yield will be lowered. [source](https://www.cnbc.com/2021/03/10/us-bonds-treasury-yields-climb-ahead-of-february-inflation-data.html) + + +**#3: VIX Fear Index** + +Much of how the market performs is based on investor sentiment. For the two above reasons, sentiment was recently not incredibly optimistic, even though the drivers of this lack of optimism are not exactly very convincing. One way to look at market sentiment is to use the VIX, which is a fear indicator based on whether options traders are buying put or call options. In brief, the VIX goes up if there is more fear in the stock market and it goes down if there is less fear, so as investors, we ideally want the VIX as low as possible, because it means that there is relatively more confidence in the markets. How does the VIX measure fear? It examines the options markets. If there is an increasing number of options traders buying put options (meaning they are shorting the market), then sentiment must indicate that people think the market is going to go down and there is a lot of fear in the market, causing the VIX to increase. If there are more people buying call options (meaning that traders are long on the market), then the VIX goes down. Ideally we want it under 20 and right now it's at around 20.7, down from like 29 less than two weeks ago [source](https://finance.yahoo.com/quote/%5EVIX/) + + +**#4: Nasdaq Futures** + +This is less of a convincing data point, but a data point nonetheless, but Nasdaq futures have been trending up. Since March 3rd, they're gone up 600+ points from ~12,300 to ~12,950. Futures trading are similar to the VIX, basically they are forward looking derivatives that can be used to examine market sentiment. As futures trend up, it correlates to overall increased faith in the market, in this case the Nasdaq. Keep in mind, futures are not the greatest indicator, but they are an indicator. It's important to note that futures can change in a second and be drastically different at market open. However, in spite of not being the most ideal indicator, they are at last moving in a direction that you want them to move in. [source](https://www.investing.com/indices/nq-100-futures) + + +**#5: Technical Analysis** + +From a technical analysis point of view, the QQQ, which is an ETF that tracks the top 100 companies traded on the Nasdaq, has broken through key resistance levels and then found support at those previous resistance levels, which is an indicator of a bull run to come in the near future. Technical analysis can be a very helpful tool for analyzing trends in a stock or an ETF. I could speak for hours about all kinds of nuances with technical analysis, and some investors are technicians whose entire careers are based on this strategy of analyzing markets. To put simply what I want to point out, there are things called support and resistance lines. Basically, a resistance line, is a sloping line that represents a price at which a stock struggles to surpass. The stock price rises and nears the resistance, but when it gets close, it typically faces resistance (hence the name) and begins to drop. Surpassing a resistance line is a very good sign of an impending bull run. Once a resistance line is broken through, that same line then becomes a support line, which is sort of the opposite of a resistance line. Support means that when a stock price is falling, it will near the support price and then rebound up. Basically, the price has dropped to a point that is low enough where now investors want to buy the stock and because of their demand the price increases. When a resistance line (a price the stock struggled to surpass) becomes a support line (a price that the stock doesn't drop below) that is a good sign that we may be ready for a bull run. + +Well, this exact thing just happened to the QQQ. $315 was roughly the resistance price that QQQ was struggling to get above since mid-February when it began dropping, but it managed to break through that last Thursday going up as high as $319, then it turned that $315 into support on Friday when it fell to $314 but didn't continue and closed at $315. Full disclosure, I may be a bit premature on this, and many technicians may want to see a bit more proof that this isn't a bull trap and that $315 is truly a support level, and I think that's fair to say, and would be something to look out for on Monday and Tuesday of this week. Once support is reached at $315 and QQQ begins to increase above that again, the expectation becomes looking out for higher highs and higher resistance levels as the bulls start running. + +For the source on this, I will link a fantastic video of a technician who walks you through the Nasdaq candlestick charts and explains what I just did in much more detail [source](https://www.youtube.com/watch?v=52RbTnrarEk) and [source](https://www.youtube.com/watch?v=5z-Po2TfCEk&t=844s) + +**CONCLUSION** + +For all of the above reasons, I expect that over the month of April, which is historically a good month for the Nasdaq, we will be pleasantly surprised by what we see in the market, and that the bull run will continue. **Of course I am not a financial advisor, and this is not financial advice, this is simply a deep dive into what my personal opinion of the market is and what the future may hold. I encourage everyone to do their own research on this issue and form their own opinions** +**Before I start providing details, here's a disclaimer:** + +\- YOU are responsible for how you implement this strategy. This is NOT individualized investment advice. + +\- There's a difference between spotting the technical setup and then allocating risk to the trading idea. I have several ways of actually putting money behind this strategy. I will discuss the various ways in a different post. There's no 'best' way. A lot of it will come down to personality and risk tolerance. For example, someone might want the very high win rate and be willing to sacrifice profit factor. Someone else might be okay with a lower strike rate if it means a much higher profit factor. + +\- I teach this strategy to all of my prop traders that are a good fit for this strategy. It seems to work really well for others, not just myself. This is why I am confident in being able to present it to this community. + +**Here's a bit of background on the strategy:** + +I wanted to have a very easy strategy that I could run on a manual discretionary basis while travelling around the world. This discovery was made several years ago and it is no longer a strategy I run today. The reason I don't run it any longer is because I have since left the retail and prop worlds of trading and the way I run my portfolio now has simply outgrown the strategy. It is a purely technical strategy and does not take news events into account whatsoever. + +It takes 10 minutes roughly each day to look for and execute any suitable trading opportunities. I would guess on average you could end each week with about 3-6 trades taken depending on some discretionary filters (one big one would be which timeframes you want to run the strategy on). + +**I have historically run the strategy on the following timeframes:** + +\- Monthly charts + +\- Weekly charts + +\- Daily charts + +\- 12 hour charts + +\- 8 hour charts + +\- 6 hour charts + +Every time a candle/bar closes you have a potential trading opportunity. This means you know EXACTLY when to be scanning your charts for trades. My favourite way of trading this strategy is on an end-of-day (NY end of day) schedule. So at 5pm EST, wherever I was in the world, I would be at my system looking for setups. Depending on your broker, if the EOD is 5pm EST, then you will be able to scan the D1, 12H, 8H, 6H, 4H timeframes (I personally would only look at the D1, 12H, 8H, 6H timeframes at 5pm EST). You can scan the weekly timeframe at the end of the week. The monthly timeframe at the end of the month. Pretty straightforward. + +**Here are the technical elements/indicators involved:** + +\- Candlestick / Bar chart + +\- Bollinger Bands (20 period, 2 standard deviations) + +\- Stochastic Oscillator (14, 3, 3 - standard settings) + +\- OPTIONAL: fibonacci tools (retracements & extensions) + +You should be able to get your chart set up with these indicators no matter what platform you are using. Pretty standard stuff. + +**Below is a chart with the main elements of the strategy labelled. Note that this is a textbook short trade example. I'm NOT showing how to enter and exit yet, or even explaining what a great setup looks like. Let's get familiar with just the raw ingredients of the recipe before we start baking a cake, okay?** + +Aaaand that's a wrap. Part 2 will come shortly. Part 2 will explain the thought process behind the strategy, how it works, WHY it works, WHO this will work for. Part 3+ I will get into the actual mechanics of finding entries and exits. The last "Part" will cover how to turn the technical setups into actual trades (aka how do I put money behind this?) + +https://preview.redd.it/vbrcp3yl25451.png?width=2846&format=png&auto=webp&s=959868d12c3368355057c7da8cc7c3d5cd588128 +I grew up in a small town (LCOL area) and planned to retire soon at mid-40s. I recently told my parent about my plan and they seems to be confused. I expect neighbors or friends to ask me a similar question — basically, what’s happening? I thought you have a 7-figure job in VHCOL city and why you move back to a LCOL? Are you okay? + +I took about 20 hours to explain to my parents that I have “enough” and while I can make more, it doesn’t mean I’ll be a happier. I also take another 10 hours to explain that I’ll still accept jobs I find interesting, including things like teaching or consulting. + +They are still a bit confused and eventually I have to be blunt saying that I want to be a super-dad in that I’m always around when my son needs me, and I have proved that I had a success career and the very last KPI for myself is “# of laughs” I have/see everyday, especially from people I care so much. + +I don’t have 30 hours to tell every of them my belief nor feel others (except my parent) really care authentically — they are just nosy. I also feel impolite or a bit brutal to tell people bluntly that I work hard and save a lot so I’m free now. And I f**king deserve it LOL. + +My wife suggested me to find an adjunct professor job and just frame it as “I decided to pursue a different career so I can have more time with my family as my previous jobs are very demanding.” This is not a terrible idea as I’d also love to teach some classes to “have fun.” And it comes with Summer/Spring breaks which aligns with my parent-duty schedule. + +So here is my question: how do you handle the situation where nosy people, especially not-so-close-relatives and/or gym-class-friends notice you don’t have to work at mid 40s (or even early 40s)? + + +Say, if they are younger than or around the same age like me, Should I share them links to some FIRE blogs or tell them to google FatFIRE? + +Or probably, if they are at least 10 years older than me, should I just make a white lie: telling them I would like to have a career change to focus on academic, or just tell them I plan to start-up my own company — which is basically a truth as I plan to open a consultant company for tax reasons? + +How did you answer others’ questions about your work/FIRE status in the first few years you pull the trigger? And what are their responses/reactions? Would you consider to frame it differently if you could re-do the message and if I may, why? +**Overview:** + +Hello all! I am back again for an update on this week’s relative rotation graphs (RRG). You can find the post from last week [here](https://www.reddit.com/r/thetagang/comments/man6jj/anticipating_the_rotation_march_22_2021/). For those who are new, RRG is a way to visualize stocks’ relative performance over time. The x-axis measures the relative strength of the stock while the y-axis measures the rate of change of the strength over time. Top right quadrant indicates that stocks are leading, bottom right indicates they are weakening, bottom left indicates they are lagging, and the top left indicates they are improving. + +**Industry Trends:** + +Finance, industry, and energy are deep in the weakening quadrant so I plan to avoid selling CSPs or credit put spreads on these stocks. Technology and Healthcare has entered the improving quadrant but their momentums have been slowly down. Utilities has entered the leading quadrant so I might sell a few CSPs or credit put spreads on these stocks. + +https://preview.redd.it/xr1dgn2g8yp61.png?width=1600&format=png&auto=webp&s=7d5da833daa359727959c6273b555bf6583d4fb4 + +I also plot ETFs that I regularly track. + +https://preview.redd.it/v4cawj7k8yp61.png?width=1600&format=png&auto=webp&s=1c56c8a2b9058ace72681ff291ab1071424a69a5 + +I like the daily plots because it is helpful for me in deciding when to open/close my 30 DTE – 45 DTE positions. Weekly plots are available [here](https://imgur.com/a/IMsL125). Sectorial plots are available [here](https://imgur.com/a/KTVoyZY). + +Please let me know if you have any suggestions and comments! +All people learning, studying, or just interested in economics surely heard about economists like Keynes or Friedman and their arguably groundbreaking influence on economic theory. But I wonder about significant changes in economic theory in this century. Are there any and if so, which? + +Sorry if this isn't too specific. It just crossed my mind and I am not sure if there is better place to ask such a question. +I noticed I had a charge on my card for AmazonMusic Unlimited. I reached out to Amazon and they said the subscription was activated by my Alexa enabled device in the kitchen - no one in my house would have done this since we have a family Pandora Premium plan. The Amazon rep told me if you request a song thats part of unlimited, it may subscribe you. This is crazy - check your accounts just in case. Also, you can change the default music service for Alexa I just found out - so that's my next step. +They gave me a full refund and cancelled the subscription by the way. + +Edit: hi all! I haven't had time to read through all the comments, however there may be some questions about small children activating it etc. +It's just me and my wife in my household, no small children or any other guests within the last month when it was activated. My wife and I definitely didn't knowingly accept or ask for it, but we may have accidentally done it?? + +Edit 2: ok a couple more updates for all the questions and such. Mystery solved! I listened to the recording (all my Alexa interactions are recorded apparently) and it was my wife's sarcastic "ok" that did it. No I didn't call and "chew" out anyone at Amazon - I've worked my share at call centers so I'm not that guy - they knew I didn't want the subscription and refunded it right away - this was more of a PSA for people who weren't aware - but most of you are; good! +What did I learn: turn off voice purchasing!! Thanks everyone for the tips and help. +I have recently incurred a huge loss trading with leverage in intraday. Wanted to take a break for a couple of months. +Now after few months I am shit scared to go back to trading even though I don't plan to trade with leverage and focus on swing trading more with cash. + +Would love to get some support or motivation here. Please help! +My Investments professor posted this question, I was wondering if anyone had any insight: + +5 bonus points if anyone show us an investment that has yielded an annually compounded rate of return of 10.82% without a loss in more than 70 years. It is available if you know where to look. + +My first thought was a piece of property, or maybe a piece of artwork? +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://np.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://np.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* **[EXPERIMENTAL]** - 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! + +Hi all, +40M here on the way to FatFIRE. I’ve been lurking this sub for a while and have appreciated the volume of great insights on things like selecting and outfitting a home (or two), travel advice, and tax/planning advice. All great stuff. + +One area I don’t hear frequently mentioned much is how to balance time on your career vs time with your children. I have two younger kids (9 and 7). It seems that I blink and they’re each two years older. The other day, I pointed out to the younger one that we hadn’t played with his train set in a long time. Without even looking up from his video game, he responded “yeah, you can get rid of it.” I mean, I knew he would outgrow wanting to play trains with his dad eventually, but I was heartbroken. Where did my little boy go??? + +I try and have quality time with them but as this is FatFIRE, my wife and I both have careers and work a lot. With quarantine, the kids spend a ton of hours a day just playing computer games and watching TV while the wife and I work. We’ll watch a bit of TV or play a game together in the evening. We don’t have a nanny for them, just a babysitter who takes them out a few times a week just to get a change of scenery during quarantine. + +My fear is that fifteen years from now they’ll be grown and I’ll be kicking myself that I didn’t do more with them while they were young; no amount of money is ever going to buy their childhood years back for me. + +So just wanted to ask the more experienced hands on here what they learned while raising their kids, what advice would they give to yourself if the kids were still in grade school? What did you think would matter but didn’t, and Vice versa? + +Thanks. +Two for me. + +1) Motorcycle, 30k. It was more fun researching and buying it than actually riding it. + +2) Building a media room addition with a high end projector and sound system. $100k+. Ended up using it 4-5 times a year since I don’t like to wait a few months for movies to come out on streaming platforms. +So I want to buy a plot of land or a house in Minnesota or North Dakota to hold for decades, give to my son (who is a baby), so he has somewhere to live when the coasts are uninhabitable and the Great Migration begins. I feel a bit tin-hat in this idea, but I think it's the reality to come and I think it may be a sensible investment even if he doesn't end up using it. I have some cash I can use to buy to a plot of land or a cheap house, or could perhaps use a VA loan. What are the drawbacks? Would it be a better ROI to let money sit in an S&P500 index fund for 50 years or to buy some land before it potentially becomes super expensive? I own a house in North Carolina now (not coastal, but near large rivers) + +&#x200B; + +edit: missing word +Hate short sellers from ripping off investors & markets? Us too. That's why we're releasing (early to Reddit!) a Fact Sheet w/ 10 recommendations for the SEC to stop them from doing that - read it here: [https://bettermarkets.com/sites/default/files/Short%20Selling%20-%2010%20Recommendations%20for%20Improving%20the%20SEC%E2%80%99s%20Regulatory%20Framework.pdf](https://bettermarkets.com/sites/default/files/Short%20Selling%20-%2010%20Recommendations%20for%20Improving%20the%20SEC%E2%80%99s%20Regulatory%20Framework.pdf). The SEC Chair is testifying Thursday at the House Financial Services Committee hearing & we're going to push for him to be questioned about this & lots of other issues re GME, Robinhood, retail traders, Citadel, high frequency trading, etc. We will also be live tweeting the hearing @bettermarkets - join us for what should be an important discussion of issues that directly impact retail traders and the markets. +Mods, feel free to remove this if it’s loaded. I’m not trying to push any agenda, I’m genuinely just curious what economists think about these economic systems and whether they see one, the other or a mixture as ideal— seeing as economists are likely some of the most knowledgable people to ask. + +For clarity: by ‘socialism’ I mean a system where everyone has pretty much the same wealth, this being regulated by government. I say socialism and not communism because I think communism as a term is generally associated with authoritarianism, which is another issue I’d rather leave out of an economic discussion. +No amount of cutting corners, choosing the cheaper brand, making do and mending, forgoing "luxuries" like coffee from a coffee shop, living with a roommate, aaaaalllll the things you're "meant" to do made a dent in my debt. If the money's not there, it's just not there. + +This meant that I (barely) kept my head above water, but lived unemployment check to unemployment check and made the bare minimum interest payments on e.g. my student loans. + +By a stroke of incredible fortune, I was able to start a job towards the end of last year, and overnight, I doubled my income. The difference has been *immense*. There is NO WAY I'd be able to have the same sense of peace, lack of stress, and above all optimism without the income I now have. I wouldn't be able to start seriously attacking my debt with a view towards saving, too. + +Anyone who says, "Just save that $5 you would have spent on coffee" is clearly delusional about how much money they think people have to spend. Now I *can* save $5 (and a lot more than that), but it's absolutely only because I have more money coming in, not because I don't drink store-bought coffee. +What are the economic reasons for rents and house prices in the U.S. becoming increasingly higher? What factors influence this, what does the future look like, and are there any mitigators/solutions to this? +Supplying this quote in response to the numerous posts on this subreddit, and others, asking the sub's "community" for their opinion on certain stock(s). + +While it may seem like an easy way to get a pulse on the quality of an investment, as Warren points out, it is absolutely meaningless. + +For example, I saw in this exact sub people hyping up $PSTH. And everyone in the comments fueled the echo chamber in thinking it was of great value.. when no deal had yet been finalized. For more experienced investors, you may already know to use ONLY YOUR OWN reasoning and not anyone else's. But for new investors, they may not know that so I would hate to see new people get sucked into the very real herd mentality on Reddit of upvotes and popularity. + +Lastly, I'll say this: please understand that Reddit is a forum aggregator that is solely designed to prioritize popular opinion and engagement ABOVE ALL. That is in no way helpful or productive in understanding facts or reasoning. (That knowledge relates to EVERY subreddit btw) + +So for new investors or investors who don't see a problem with asking others/receiving wisdom for specific stock opinions: there is no substitute for your own thought. None. And a way to prove the strength of your own reasoning is to ask yourself: would I be comfortable putting all of my parents' & grandparents' money into this stock for the next 5 years? +I submit to you that the r/economics community views its subject chiefly as a cudgel with which to advance a neopopulist political point of view, producing a content stream that is hopelessly skewed, and not useful to people with a general interest in economics. + +The Federal Reserve is certainly an important topic within economics, but just as political and theological matters are crucially important to science, r/science still manages to cover its topic with breadth and genuine interest that go beyond the superficial utility of winning political and theological fights. + +*Why is r/science healthier than r/economics?* + +• 200K readers versus 40K probably helps diversify the content. + +• R/atheism, boasts 68K readers, and absorbs much of the science-ish content that is redundant, amateurish, frivolous etc. + +• R/science exhibits respect for mainstream ideas and trusted sources first. It has its share of crackpots, but it's also blessed with working professionals who are happy to explain the mainstream rudiments of their work with us and help quash the more sophomoric commenters who think they can make up in confidence what they lack in rigor. AND r/science has enough folks like me who know to look for those quality comments and send karma their way. + +Any community has a potential dark side. I wouldn't want to be a conservative constitutional scholar in this era that every tea partying nutcase thinks they're one too. Maybe r/economics needs more members, maybe it needs less by siphoning people off into a neopopulism reddit. + +I really don't have the expertise to help r/economics out of its current state; I joined out of general interest. So I'll be getting my content elsewhere, namely NPR's "Planet Money" and "Marketplace", and the regular updates from bea.gov and The Conference Board. + +Of course I'll be checking in, especially if this post goes anywhere. And if anybody does read this, I hope it at least gives you pause before submitting the next hyperbolic, redundant, sensationalized essay of political persuasion as economics content. We have enough of that. +Been here since January seeing all the ups and downs of this heavily manipulated stock. While trying to buy more every paycheck... + +I just want you all to remember. Nothing has changed. Trust the DD. + +* We own the float. +* They need to close their positions. +* The price is wrong. + +If you bought at 250 why wouldn't you buy at 160? + +**HODL!** *For holding is the way!!!* + +&#x200B; + +Not financial advice but if you need to hear it, check my latest and only hit (Featuring Britney): + +[https://www.reddit.com/r/Superstonk/comments/o72zta/you\_betta\_buy\_gme\_freebritney/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o72zta/you_betta_buy_gme_freebritney/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT: Please be careful about investing. Specially in a certain IPO that is being shown in ads here in Reddit of a certain trading app that steels from us to give to the rich. Please Inform Yourself! + +🚀🚀🚀🚀🚀🚀🚀🚀 +1. You don't have to state the size of the property in the ad. I found this to be the case especially with apartments (99% of cases). + +Is it 60 or 80m²? You don't know. You can ask the REA and they will overstate and lie shamelessly sometimes with disastrous consequences. Or, as I was told, you can measure it yourself (as if you don't have anything better to do but go and inspect apartments you have no idea what size they are and then practise your geometry skills). + +In ALL countries I've previously lived, the size must be clearly stated, and they must state usually several: constructed size (includes walls e.g), floor size (actual useful size), balcony size (i.e. internal and external size). It's the law, you must include that information. + +This is mandatory for rental properties as well. Most will include a floor plan with dimensions, otherwise you may have 0 responses. + +2. A partition off the floor that is no more than a storage space, apparently is a bedroom in Australia. Everywhere I previously lived, a bedroom must have at least one external window for it to be considered a bedroom. Yet, here you'll see thousands of misleading advertising of this type. E.g. this is apparently one bedroom apartment. + +https://www.realestate.com.au/property-unit-vic-richmond-139837395 + +Of course, this is ideal for developers who can squeeze as many as posible of these in their building. And people don't know any better. They think they've purchaded a one-bedroom apartment whem in fact they bought a studio. (Or a two-bedroom which is in fact one-bedroom etc). + +3. "Range". So, when I was looking I made an offer at the top value of the range for a small apartment because I thought it was good value for money. The apartment wasn't up for auction. They refused it. They didn't update the range. I asked the REA if this was not misleading advertising and illegal. He said it wasn't. + +4. Energy efficiency and emissions. In all European Union countries, you MUST procure from a certified professional and include in the ad an energy efficiency and emissions certificate, which has easy to understand scales, with A being the most efficient, and +G being the least (A, B, C, D, E, F, G). Also coloured for easy reference - A is green, G is red, for example). + +This is of huge consequence for the buyer, it will affect your energy bill greatly. Moreover, builders are investing to ensure higher energy efficiency rating, otherwise their construction is not competitive on the market. These forces them to think and plan for quality in materials etc. And good luck getting good price for a property with an F rating for example. + +Apparently, it doesn't matter in Australia. Guess what most apartments would get with their flimsy construction and single pane windows. + +5. For sale by owner. These are so common in so many countries, in some they are the majority of ads. I have no idea why here over 90% of the transactions go via a REA who add so little value (basically open and close doors) and charge excessive fees. I understand if you need one for convenience, but engaging one is certainly not the norm when selling or renting out. Their fees obviously drive prices up. + + +Interestingly, in some countries you must disclose if there is an upcoming property development in the vicinity. Here you have to navigate the obscure local council sites with terrible search functions and waste hours to find out, if at all. + +Anyway, I can point out more but thought these three are truly bizarre to begin with. + +What else have you noticed that is just not right? +Before corona, when I would argue with libertarian types they often say that America hasn't seen real growth, pretty much since we switched from the gold standard, and that our economy is built on a bubble or a series of bubbles. + +I'm curious if you guys have any insight. I'm not really an "Austrian school of thought" guy but there was a post that claimed we are in an inflationary bubble, as well as a housing, and tech bubble that stem from the inflationary bubble. Does "inflationary bubble" even make sense? + +I know that abandoning the gold standard has lead to less volatility and greater resistance to the business cycle, and in my eyes more growth. But how do I convey this to these types of people? They see increased debts and spending, as well as the fed being inmefective at combating inflation because of their low nominal interest rates. I don't know if these people think that prices should be like they were in the 40s so therefore the fed has failed. But some inflation is necessary for growth is my assumption. + +Thanks in advance +The latest data had new sales down -16.5% vs -1.5% expected. Some like to say this is because of lack of inventory but at the same time the amount of homes on the market rose by 8%. South and midwest area most affected (two of the biggest gainers of the pandemic housing economy). + +This is the first month that truly foreboding data has come out and it comes at a time when all markets are dumping (and remember that housing isn't decoupled from stocks, a lot of big RE funds invested in the stock market need that capital to buy homes and feed into greater appreciation). + +Can this please not become a religious RE maximalist sub, like the mortgage lending and RE agent communities? We need to be realistic and prepare for the ups and the downs alike. I've seen a lot of HELOC/refi posts on here recently and it's concerning, remember not to overleverage yourself and really decide if something's a good deal or not price vs cashflow wise. Speaking as someone who's weighed a refi for another property but has decided to wait it out for a bit. + +Not saying it's going to dump for sure, but remember your car has brakes too. +What tools do you use, both paid and free, in your workflow to find candidates to invest in? + +&#x200B; + +Edit: This post has turned into a treasure trove of great information. Thanks everyone! +This is bananas, there's definetely things to dislike about how much intel is depressing margins and spending, but it's gotten battered lately! + +The likelihood of a good execution seems to be the main concern for most investors, probably explains the 9 P/E while other chip plays are trading north of 30x earnings. + +Does anyone hold any intel? What may be your bull/bear thesis? + +I hold around 8-10% of my portfolio in them, I think the risk/reward is favorable if cash flows go back to 2020 levels and increase single digit from there over the next 10 years. If we see them execute this plan, and they grow revenues 7-10% and profit margins return to the 55% or higher there's a lot of upside in the potential for a multiple expansion (p/e increase to 15x as there's more optimism) + +Curious to hear others opinions! +As you probably know, The Motley Fool has been bashing GME beyond reason since the start. + +Telling investors to - '*Avoid GME like the plague*' - and - '*Don't invest in GME*' - with at some point up to 3 bashing misinformative articles a day, it became clear that they have ulterior motives. + +&#x200B; + +Enter MFAM: + +[The funds behind Motley Fool.](https://preview.redd.it/wsdrgdrxas781.png?width=1147&format=png&auto=webp&s=2e79d991e3c734b8bb40d8bec903ea90019bf9fc) + +&#x200B; + +MFAM, or **Motley Fool Asset Management** is the sister company of The Motley Fool, which has [several funds & ETFs](https://www.mfamfunds.com/our-products.html). And based on their holdings & articles, it won't come as a surprise that the Motley Fool clearly spreads (mis)information to manipulate readers in function of their funds... The best part? Most readers don't even realize it as they don't know about MFAM. + +The Motley Fool is basically a tool to direct readers to (or away from) the stocks MFAM owns or shorts. - *(Market manipulation much?)* + +&#x200B; + +&#x200B; + +**My my... the** **~~plot~~** **mayo thickens:** + +It also turns out the Motley Fool is sponsored by **Citadel LLC** and **Melvin Capital**. + +Might mayo man (Ken Griffin) be pulling strings here as well? It's definitely not unthinkable given their tactical articles & the ticker-events that follow. Not to mention it's perfectly in line with other media channels that are strongly tied to or partially owned by Citadel (*MarketWatch,...*). + +Note that The Motley Fool also removed any link with Citadel once redditors discovered it. + +https://preview.redd.it/xxuupbsyas781.png?width=610&format=png&auto=webp&s=50e55ef727722ee187121c79b3f37b0185f502c4 + +You can still see for yourself on the Wayback Machine web archive, a capture of May 14th: [https://web.archive.org/web/20210514071019/https://www.theladders.com/company/fool-jobs](https://web.archive.org/web/20210514071019/https://www.theladders.com/company/fool-jobs) + +&#x200B; + +&#x200B; + +**Keep it hush? They wish.** + +Now apparently it struck a big nerve when people started to uncover this on public sites like [Trustpilot](https://www.trustpilot.com/review/fool.com) 2 months ago. The Motley Fool went full damage control ever since. Not only have they been vigorously flagging & trying to get those posts removed. They also started to flood them with suspiciously positive reviews: + +[And on and on and on and on...](https://preview.redd.it/6t6qdf8bbs781.png?width=667&format=png&auto=webp&s=ccb571f4e5f0181062f856484d704d35c521033f) + +5 star reviews went from 10 a month to a whopping 120. + +Should you feel the need to leave an honest review to help others, please keep it decent. Dirty language will get removed anyway. 🙊 [www.trustpilot.com/review/fool.com](https://www.trustpilot.com/review/fool.com) + +*(In my experience Trustpilot has been wonderful with keeping my flagged review online. Hence why MF is flooding them.)* + +&#x200B; + +&#x200B; + +So there you have it. If you didn't know already, The Motley Fool is just another market manipulator that gets to exploit people and get away with it. + +But it's **YOU**, you dirty meme-trader, who is breaking the market and not playing fair... 🤦‍♂️ + +💛🚀✨🐱‍🚀 +Bond yields seem to be much lower than inflation, so why would anyone buy them? wouldnt it make more sense just to sit on the cash? + +I am looking at this site, please tell me if I am reading it incorrectly + +[https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield](https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/textview.aspx?data=yield) +This is an honest question and not a statement. How likely is it that a housing market correction will be caused by the rise in popularity of real estate investing? + +It seems like everywhere I turn, more and more people are borrowing for the purpose of investing. They are pulling HELOCs and dumping more into property. People don’t seem particularly critical of the risks they are taking on or crunching the numbers. Even Zillow couldn’t get it right. Perhaps this has been covered in depth but when I think about things that could cause a correction, it seems plausible. Anyway, feel free to agree, shoot this down, or point to an article, just a question for discussion. +And here we go, another big hypetrain just pulled up in BSC, and this time it's Save Mars $SMARS +Dev wanted to do a 500 members presale but it ended up gathering 1420 members when it started, so the presale was a bloodbath! But with such a small presale Hardcap and Marketcap, the listing is bound to be insane! + + +Dev seems really open and honest, maybe a bit harsh but def not one of those fake hype kind of guys. Ofc with such a low HC a lot of people didn't get in, but that's the cost of moonshots lol. Looking forward to this! Dropping their info below: + +&#x200B; + +For many moons Elon's acolytes have tried invading us by way of BSC contracts, but enough is enough! And with the help of $SMARS, we have finally said: No more! + +$SMARS is a one of a kind cosmic yield farming protocol which employs the following: + +\-7% liquidity fee for every transaction that gets added into the LP for higher resistance; + +\-3% of the tokens in every trade get redistributed to our brave holders; + +\-A max transaction of up to 2% of the total supply to prevent high price impacts whenever we are under siege; + +\-50% of the total supply burned before listing to make $SMARS even more scarce and valuable; + +A true community driven movement that gives each fighting hand an equal right at deciding what happens next! + +📆 60 BNB Hardcap Presale sold out instantly, over 1.4k members in TG! + + +🌎 Check our Website [https://save-mars.com/](https://save-mars.com/) + +📢 Join us on Telegram [https://t.me/savemars](https://t.me/savemars) + +🔮 Contract 0xd2da368fcb5912fb2c60669394504ab90b3fb6e7 + +&#x200B; + +📚 TOKENOMICS: + +📌 ORIGINAL SUPPLY: 1,000,000,000 $SMARS + +📌 BURNED TOKENS: 50% 🔥 + +📌 LIQUIDITY LOCKED VIA DxSale 🔓 + +📌 OWNERSHIP RENOUNCED AFTER PRESALE + +📌 7% LIQUIDITY FEE / 3% RETURN FEE / 2% MAX TRANSACTION / SLIPPAGE MIN 11% + +🔥 50% BURNED FROM TOTAL SUPPLY +The holy trinity for flippers and DIY weekend warriors alike. White walls, grey laminate hardwood and quartz counters. Every single flipped home and rental property looks the exact same. In 20 years kids will ask if these were government issued reno supplies. Dare to have some style! +Before I began investing, I read a lot about the market. Bear markets, bull markets, technical analysis and fundamental analysis were all on my reading list. + +I invested my money at a point I thought was good (mistake, I should've DCA'd) and let it sit. + +I now see my mistake. But more importantly, I see why I learned from it. If I had put a smaller sum down, I would have learned the exact same lesson, but still had money to put in while the market moves sideways. + +My takeaway from this is that you should definitely DCA slowly if your a first year crypto investor. Trust this advice from somebody who bought at the top. + +Edit: What have I done +Soooo I made a post on this sub awhile ago now about how I lost my job suddenly and had all these payday loans coming out every week/fortnight and was stressed as hell about it. + +I called the national debt hotline who gave me a financial counsellor. They advised me to call the loan companies and get them paused — wow why did I now know this was a thing? Most companies were fine to deal with, one gave me a date that the pause would be lifted ON the day I saw my counsellor aaaaaah!!!! + +I met with a counsellor and we went through my finances. Things have to change we know that. She sent some emails off to the loan companies for me pausing them further. + +I will meet with her again at the end of the month and we will contact loan companies regarding paying them back in small instalments ($5 a week etc). + +I also got a job! It’s only 9 hours a week but it’s something — foot in the door. My first pay check is in 6 weeks and then fortnightly which is frustrating as my shoes have holes in them!!! + +Other than that life hasn’t changed much —- still sleep in a car, shower every like 8 days :(. + +But thanks to this sub for recommending the hotline as I am very impulsive and was ready to escape my debts forever wink wink. + +So yeah cheers to all the messages, people who offered to help (one kind redditor got me a hotel room before the interview so I could have a good sleep and shower and I aced it - got the job on the spot!). + +Now the goal is to perform well at this job. Get a second job. Get new shoes. + +Thanks to everyone!!!!! +I just found out today that my father is going to be transferring $6 million in assets into my name. The assets are in the form of several rental homes including the house I live in. He's doing this to take advantage of the estate tax exemption of $12 million that will be cut in half in 2025. His lawyer doesn't have an exact timeline yet but it sounds like the transfer will happen sometime next year. + +I'm currently worth about $100k with my car and investments and make ~30k per year as a teacher. I had not planned to receive any inheritance until his death (he's in his 70s and I'm in my 30s, he is and wants to remain unmarried, and I'm his only heir). With that in mind, I've been pursuing a career in Emergency Medicine and I'm currently applying to medical school. + +The prospect of this windfall has changed my whole outlook on what I'm pursuing and whether I even want to pursue it. Medicine was the career I chose when money was a factor, and if I'm going to be FI and possibly FatFI now, I'm not sure if I want to spend 8 years becoming a doctor. Maybe I do since I genuinely love the field, but I do need to decide if it's still the right path for me. + +I suppose what I'm asking is this: what would you suggest I do in the next few months to think this through? The only people who know are my father, his lawyer, and our financial planner. + +Thanks in advance! +My apologies if this has been answered - I couldn't find it with a search if it has. + +With the seemingly increasing probability of a recession on the horizon, what, if anything, should the average person be doing to prepare? +This subreddit has been a great source of support and advice for me over the years, so I thought I’d just post my tips before I un-sub. Today I sold my final rental for a 388% profit, not including rent collected which was about 25% ROI per year. + +First and foremost, I kind of got lucky. I bought during the real estate collapse of 2008-2010 in Tampa, Florida. I say “sort of” got lucky in that I knew prices were only temporarily deflated and they would certainly hit new all-time highs within my lifetime. + +I bought a total of 6 homes, most in the $40K to $55K price range. I sold them all for a range from $193K to $228K, and the vast majority I sold within the last 6 months. I didn’t use leverage except for two homes. My strategy was to buy “cash-only” homes that would have great difficulty passing a 4-point inspection. In this way, the pool of buyers was 1% of what a typical house would be for. In other words, only investors looking to make a profit were potential buyers. + +Each of these homes I worked on mostly by myself and a handyman who recently passed away. I had them rented for anywhere from $900 per month to $1,250 per month. + +**Why did you quit?** + +I quit because I just got tired of all the hassle. Also, I hit my FIRE number and I want to simplify my life. I would have renters calling me for the stupidest shit. Here are some examples of actual calls: + +(series of 5 messages, about an exterminator they called to set up service) “Where is the exterminator? They said they would be here at 1pm. It’s 1:15pm. They are late.” +“I saw my neighbor jump out of the back of a pickup truck and his doctor said he shouldn’t be doing any physical activity. So I’m reporting this to you.” +(this one is hard to believe, and I used to have the message saved and played it for everyone I knew) “I’m calling the EPA and reporting the property. Cats have been melting. I told Judge Judy about it and she was here.” + +I also quit because the prices in Tampa are just so damn high right now. + +**What are your rules?** + +Rule #1: No past evictions, no exceptions. Only once did I go against this and boy was I ever sorry. Didn’t have to learn that lesson twice. Also, going forward I told all renters, “I’m renting to you because you don’t have an eviction. Don’t ever get one- they don’t leave your record like bankruptcy or a debt owed. It’s there forever.” + +Rule #2: Don’t duck me. I make this one VERY CLEAR. I tell renters, “Listen, I get it. Shit happens. Maybe you get fired or have some situation where you need to be late on rent. Okay, fine, let’s work something out. But don’t ever duck me. If you duck me I will assume the worst and act accordingly. +What properties did you buy? + +I looked for homes in good school zones that were the cheapest home in that zone. Naturally, some of these homes grouped together which was helpful. What I ended up with was a lot of newly divorced moms that just wanted to keep their kid in the current school. +What did you look for in renters? + +I ended up figuring out that the older the person is, the longer they tended to stay. It was pretty much a perfect coloration. Young people would stay 1 year max, the older mom’s would stay until their kid hit college. I rented to one woman for 8 years. + +**What tips do you have?** + +Being a good landlord, at least for me, was about building relationships. Relationships with your renters (which also means picking renters capable of having a good relationship) and relationships with handymen, contractors, etc. + +I also have construction experience, which I think is the most overlooked part of being a landlord. Fixing stuff is your #1 expense you can control. I did most of the work myself but at the end I subcontracted everything out except small stuff like changing locks, etc. I developed a friend with a retired contractor who had a lot of free time and he loved giving me advice on well maintenance, septic systems, and so on. His advice saved me thousands over the years. + +I guess that’s it. Good luck in your real estate endeavors. I wonder if we will have another downturn like in 2008-2010. That period of time made it a lot easier and accounted for the vast majority of my profits. Who knows, if we have a repeat I might go all-in. My only regret was during that time I was convinced to only spend cash. +**Why We think TraceSafe (TSF.CSE) is one of the most undervalued Tech stocks in Canada** + +CSE: TSF and OTCMKTS: UTOLF + +&#x200B; + +**Highlights of the Topic** + +* **Government Contracts (Hong Kong, Singapore, Cayman)** +* **Venue Management (TD Gardens, IIHF World Junior Hockey Championships)** +* **Peer Group Analysis** +* **Summary/Conclusion** + +&#x200B; + +**Introduction:** + +TraceSafe owns 100% of the rights and interests in the real-time location tracking technology known as TraceSafe. TraceSafe includes original hardware such as wearable products, like a bracelet band or an access card, which has an embedded chip that can track the wearer's location to provide exposure notification. + +Over a 10-year period, TraceSafe has developed a robust and secure cloud-to-device platform that is designed to be highly flexible. This allows the technology to be tailored to many different applications, including contact tracing, quarantine management and real-time location services for company employees. This technology utilizes advanced low power Bluetooth beacons and ensures both user privacy and administrative control. + +So far the company has successfully deployed its solutions across a variety of sectors. + +&#x200B; + +**Government Contracts** \- TraceSafe has won government contracts in Cayman Islands, Singapore, and Hong Kong. These government contracts are lucrative as all travelers going to these destinations are required to self Quarantine with TraceSafe devices. So far, TraceSafe has been working together with the government of Hong Kong since March 2020, and more than 150,000 TraceSafe solutions have been deployed. Additionally, contracts have been signed with hospitals in Singapore to track patients and beds, and a SE Asian Conglomerate (the customer has not disclosed for privacy reasons, but many people say that this client is Singapore Health Ministry). The Company is in active discussions with over 20 governments and is likely to announce a new deal with another government in Asia or North America. + +&#x200B; + +**TraceSafe and Hong Kong contract:**[https://www.bloomberg.com/press-releases/2020-09-10/tracesafe-secures-new-order-in-hong-kong-for-quarantine-management-wristbands](https://www.bloomberg.com/press-releases/2020-09-10/tracesafe-secures-new-order-in-hong-kong-for-quarantine-management-wristbands) + +**TraceSafe Hong Kong Case Study:**[https://www.youtube.com/watch?v=IUmyKaytCZc](https://www.youtube.com/watch?v=IUmyKaytCZc) + +**Hong Kong deal a ‘catalyst’ for future deals:**[https://ca.proactiveinvestors.com/companies/news/930200/tracesafe--pandemic-has-become-a-catalyst--for-contact-tracing-bracelets-after-hong-kong-contract-930200.html](https://ca.proactiveinvestors.com/companies/news/930200/tracesafe--pandemic-has-become-a-catalyst--for-contact-tracing-bracelets-after-hong-kong-contract-930200.html) + +**TraceSafe order with Southeast Asian conglomerate:**[https://www.accesswire.com/607388/TraceSafe-Awarded-Large-Scale-Order-from-Southeast-Asian-Conglomerate](https://www.accesswire.com/607388/TraceSafe-Awarded-Large-Scale-Order-from-Southeast-Asian-Conglomerate) + +&#x200B; + +**Venue Management** \- Venues were hard hit by Covid with many sports teams experiencing significant financial distress as they mainly had to cease operations, and can no longer have fans at games. TraceSafe has inked contracts with the IIHF World Junior Hockey Tournament in Edmonton, Canada TD Gardens in Boston and Lampert Stadium in Toronto (Toronto Wolfpack rugby team). Getting approved for both TD Gardens and the World Juniors is a big deal as it was approved by Hockey Canada and likely points to potentially working with teams from the NBA or NHL in 2021. In addition to the covid use case, TraceSafe bracelets can be outfitted with payment capabilities to use for Concession stands. Privately held Delaware North owns TD Gardens, and is one of the biggest private hospitality and restaurant companies in the world (as per Forbes). If all of these deals are successful, it sets the stage for TraceSafe to work with some of the biggest sports and venue companies in the world. The deal with Hockey Canada involves a partnership with one of Canada’s biggest telecommunications providers, Telus. Powered by Telus’ world-class wireless network, Tracesafe technology is deployed across the tournament bubble to provide quarantine management and monitoring of exposures. There are no other contact tracing companies in Canada that have partnered with a company of Telus’ magnitude, and it is expected that this partnership will continue as TraceSafe solutions are deployed among Telus’ corporate clients and employees. Hockey Canada, IIHF, Telus, TD Gardens (Delaware North)...the clients don’t get much bigger and better than this. + +&#x200B; + +https://preview.redd.it/o2txn3594r661.png?width=262&format=png&auto=webp&s=8d6ed5e021d0850a986de3ca9c1a338a2a402ce6 + +&#x200B; + +https://preview.redd.it/posbfr2a4r661.png?width=761&format=png&auto=webp&s=5e0339ea4d1b8816681f9e68720f6899eef9f3d5 + +&#x200B; + +**TraceSafe and Telus IoT marketplace:**[https://www.marketwatch.com/press-release/tracesafe-approved-for-nationwide-corporate-sales-in-telus-iot-marketplace-2020-12-07](https://www.marketwatch.com/press-release/tracesafe-approved-for-nationwide-corporate-sales-in-telus-iot-marketplace-2020-12-07) + +**TraceSafe and IIHF World Junior Hockey Championships:**[https://ca.sports.yahoo.com/news/tracesafe-contact-tracing-2021-iihf-120000807.html](https://ca.sports.yahoo.com/news/tracesafe-contact-tracing-2021-iihf-120000807.html)**TraceSafe partnership with Telus for IIHF World Juniors:**[https://www.telus.com/en/about/news-and-events/media-releases/tracesafe-and-telus-iot-solutions-are-safeguarding-the-iihf-world-junior-championship-bubble](https://www.telus.com/en/about/news-and-events/media-releases/tracesafe-and-telus-iot-solutions-are-safeguarding-the-iihf-world-junior-championship-bubble) + +**TraceSafe and TD Gardens:**[https://www.sporttechie.com/tracesafe-contact-tracing-deployed-at-bostons-td-garden](https://www.sporttechie.com/tracesafe-contact-tracing-deployed-at-bostons-td-garden) + +&#x200B; + +**Enterprise Management:** Enterprise in the biggest opportunity as the Private Sector dwarfs the public for cases. TraceSafe has begun to work with one of Singapore’s biggest construction companies, Boustead Construction. This sets the stage for further deals in Asia within the construction or office segment. TraceSafe technology can be used within this segment to provide location tracking, and greater insights into workplace habits and the safety of workers. It becomes a big data play at this point. + +**Market Size** + +&#x200B; + +https://preview.redd.it/tmgfvmsa4r661.png?width=982&format=png&auto=webp&s=42a3fdc47ad0e494d7b027e2680e12bb4bf51846 + +The markets TraceSafe operates in are massive with Enterprise Contract Tracing & Wearable Tech being by far the biggest markets. + +On the enterprise front, TraceSafe signed a deal with UKG which is a company built by the merger of Kronos and a Florida-based software provider called Ultimate Software. The company is one of the biggest cloud computing companies in the world with top-tier clients that include Tesla, Marriott, Samsung, Yamaha, Sony Music, The Salvation Army, Miami Dolphins, Phoenix Suns, Revlon. Given the huge number of employees that these companies employ. We anticipate significant revenues to start showing up in Q1 from these customers and more deals in the Enterprise Space as a result of this partnership. + +**Airbeam Stake** + +TraceSafe currently owns a 13.5% stake in a company called Airbeam that is a 5G smart cities enabler built by former Qualcomm execs. Airbeam is due to IPO in Q1 2021 and the company is currently valued between 200-400M. This puts TraceSafe ownership around 27-54M. Wayne Lloyd announced a decision to issue Airbeam shares via Special Dividend to TraceSafe shareholders once the company goes public. + +Below is a calculation of how big this dividend will be given a few different Airbeam Valuation scenarios. + +Airbeam Valuation & Expected $TSF Special Dividend + +150M Valuation = $0.57 per TSF Share + +200M Valuation = $0.76 per TSF Share + +300M Valuation = $1.14 per TSF Share + +400M Valuation = $1.52 per TSF Share + +**Comparison of the Competitors**Now let’s compare the Valuations of TraceSafe’s closest competitors (FaceDrive, Loop Insights) + +\*TraceSafe (TSF)\* + +Market Cap: 22 Million + +**Q3 Revenues: $1.1 Million (100% growth over Q2 with revenue only partly recognized for Hong Kong contract)** + +**Shares Out: 35 million** + +&#x200B; + +*FaceDrive (FD)* + +Market Cap: 1.55 Billion + +**Q3 Revenues: $266,460Shares Out: 94 million** + +&#x200B; + +*Loop Insights (MTRX)* + +Market Cap: 230 Million + +**Q3 Revenues: $0Shares Out: 106 million** + +&#x200B; + +https://preview.redd.it/ob2vxspb4r661.png?width=1220&format=png&auto=webp&s=1cdd62706b3691499109aaf4ff6d9c3fdb738d8e + +As you can see from the comparison, the contrast in valuations is quite large. Although it speaks to the bloated overvaluation in both $FD and $MTRX, it also underscores how grossly undervalued TraceSafe is as compared to Loop and FaceDrive, which have spent millions of marketing. Facedrive in particular spent over $8million on marketing in June 2020. + +&#x200B; + +**Summary/Conclusion:** *Growing Revenues and Bargain Valuation of Tracesafe* + +So far, TraceSafe has advanced from the Proof of Concept phase and is growing revenues rapidly. Q3 saw Revenues increase 100% with Q4 Revenues expected to be around 2 Million, which is another 100% Increase. Based on this impressive growth, the market currently is giving TraceSafe around a 4x Sales Multiple. Given QoQ Revenue growth of 100%, this doesn’t seem justified at all. + +* **Growing Margins are increasing profitability and will see the Company become Cash-flow positive in 2021.** +* **TraceSafe is diversifying their product line-up to include Venues, Cruise Lines, Construction Sites, and well-poised to capitalize in 2021.** +* **TraceSafe’s stake in Airbeam is now worth 40.5M-54.0M and management is likely to issue Airbeam shares to shareholders.** +* **The market for Enterprise Wearables expanding at 41% a year bodes well for TraceSafe** + +We feel that TraceSafe’s low valuation is a temporary imbalance given the lack of analyst coverage in small-cap markets which will correct. As to when this correction will occur, the best cure for undervaluation in the Small Cap space is + +**1) Promotional marketing or** + +**2) let the results speak for themselves** + +We feel that the company is proving its model, seeing successes in expanding its product line and customer base alongside a very Successful investment in Airbeam which de-risks investing in TraceSafe as investors today are getting 2 high-quality tech stocks for the price of 1. + +&#x200B; + +***Estimates and Price Target For TraceSafe*** + +Q4 2020 Revenues: 2M + +FY 2021 Revenues: 20M + +P/S Multiple: 15x + +12 Month Price Target: $9.65 (includes Airbeam Spin-Off Value) + +\*In Wayne We Trust\* +I currently make $52K, and got a job offer for $65K for a "senior" role in my field. The benefits are all better too, with a much better 401K match. I've only worked at my current position for 10 months though, so I'm not sure leaving so soon would be a good thing. Is it bad to jump jobs so frequently? Would it look bad on my resume? + +EDIT: to add more specifics of the situation, my manager just went on maternity leave until November, and I assumed many of her responsibilities. If I were to accept this offer, I'd royally be screwing over the people i currently work with, and would no doubt burn the bridge behind me. +https://gyazo.com/c324ad3351cb24873e5d1b1b4ba745a7 + +If you have any recommendations for dividend stocks or any critiques with my portfolio, please let me know! I'm happy to receive any advice. +Interim Equifax CEO’s Message in Wall Street Journal: + +On behalf of Equifax , I want to express my sincere and total apology to every consumer affected by our recent data breach. People across the country and around the world, including our friends and family members, put their trust in our company. We didn’t live up to expectations. + +We were hacked. That’s the simple fact. But we compounded the problem with insufficient support for consumers. Our website did not function as it should have, and our call center couldn’t manage the volume of calls we received. Answers to key consumer questions were too often delayed, incomplete or both. We know it’s our job to earn back your trust. + +We will act quickly and forcefully to correct our mistakes, while simultaneously developing a new approach to protecting consumer data. In the near term, our responsibility is to provide timely, reassuring support to every affected consumer. Our longer-term plan is to give consumers the power to protect and control access to their personal credit data. + +I was appointed Equifax’s interim chief executive officer on Tuesday. I won’t pretend to have figured out all the answers in two days. But I have been listening carefully to consumers and critics. I have heard the frustration and fear. I know we have to do a better job of helping you. + +Although we have made mistakes, we have successfully managed a tremendous volume of calls and clicks. And we’re getting better each day. But it’s not enough. I’ve told our team we have to do whatever it takes to upgrade the website and improve the call centers. + +We have started work on our website, and I see significant signs of progress. I won’t accept anything less than a superior process for consumers. We will make this site right or we will build another one from scratch. You have my word. + +The same goes for the call centers. There is no excuse for delayed calls or agents who can’t answer key questions. We will add agents and expand training until calls are answered promptly and knowledgeably. I will personally review a daily report on their operations. + +We will also extend the services we are offering consumers. We have heard your concern that the window to sign up for free credit freezes with Equifax is too brief, so we are extending the deadline to the end of January. Likewise, we are extending the sign-up period for TrustedID Premier, the complimentary package we are offering all U.S. consumers, through the end of January. + +We hope these immediate actions will go a long way toward addressing the concerns we are hearing from consumers. We know they won’t solve the larger problem. We have to see this breach as a turning point—not just for Equifax, but for everyone interested in protecting personal data. Consumers need the power to control access to personal data. + +Critics will say we are late to the party. But we have been studying and developing a potential solution for some time, as have others. Now it is time to act. + +So here is our commitment: By Jan. 31, Equifax will offer a new service allowing all consumers the option of controlling access to their personal credit data. The service we are developing will let consumers easily lock and unlock access to their Equifax credit files. You will be able to do this at will. It will be reliable, safe and simple. Most significantly, the service will be offered free, for life. + +With the extension of the complimentary TrustedID package and free credit freezes into the new year, combined with the introduction of this new service by the end of January, we will be able to offer consumers both short- and long-term support for their personal data security. + +There is no magic cure for data breaches. As we all know, every organization is at risk. When consumers have access to our new service, however, the cybercrime business will become a lot more difficult, and we are committed to doing what we can to help millions of consumers rest easier. + +Mr. Rego Barros is interim CEO of Equifax. +i wasted my 20s drinking and bartending. nothing to show for it. got sober and went back so school at 33. just graduated and landed a decent govt job that pays 20/hr now, but will top out at 26/hr in 4 years. i also work at restaurants on the weekends and can make 1500-2k a month doing that. i have 20k left of student loan payments and i could squash that by the end of the year. 12-18 months from now i should have apx 25k to put down plus 10k reserves. my credit score is over 740 and increasing all the time. rothIRA is maxed, and 6k set aside to plop in there on jan1st 2022. getting the full match from my company 401k, but nothing over that. im finally living life the responsible way now at age 38. better late than never, im told. so my question is how realistic is it for me to daydream about owning 4-6 rentals in the next 10 years? my goal is to have about 4k a month profit from rentals eventually. i live cheap, no kids, no vices. currently renting but i wanna buy my first duplex within the next 18 months. 150k is apx my range for a first property i think. i dont wanna get too deep with debt. i know i dont wanna take the silly Dave Ramsey approach, but im also trying to play it smart and not lose my ass. i dont wanna start from square zero again. anyone got any realistic frameworks/outlines of a potential vague timeline i should be following? sometimes i feel like im getting my life started so late that i just dont wanna fuck it all up again. any books i should be reading? penny for your thoughts! all constructive answers welcome. thanks for your time! +Yes, Agriculture is the backbone of our country. And that most of farmers are too poor to pay taxes. + +But there are also many 'farmers' who earn crores of rupees under 'Agricultural Income' and don't pay either Income Tax or GST + +Salaried people have been bearing the burden of paying taxes honestly while these rich farmers (most of them are politicians) keep enjoying the Tax Exemption. + +In my opinion Agricultural Income above 2 crores should be taxed at 10% in my opinion. We can have a debate about the adeqaute tax rate, but to let a farmer earning Rs 10 crore and driving around in his Mercedez while not a paying a single dime in Taxes is unacceptable to me. + +And let's be honest. This exemption has also led to many people laundering their money from their other businesses and showing it as 'Agricultural Income' on their ancestral land. + +If poor farmers are given subsidies and loan waivers, then at the same time Rich farmers should be mandated to pay taxes too! + +What do you think?! +After hearing many many bears saying that various levels would likely provide resistance to the rally, after considering myself to sell a portion of my portfolio after the rally went beyond 2,900, the S&P 500 is now positive for the year, even excluding dividends. + +A 5% rally from here would take it to all time highs. + +EDIT: This is only PRICE return, total return would also include the almost 1% in dividends received/accrued for 2020. +I see insightful posts get downvoted only because they lack a complete faith that eth isnt going to recover instantly. Pointing out that we reached the moon to people who bought in last month asking "Wheres the moon!?" is met with downvoting, as is pointing out we were in a bubble and it popped. (definition of a bubble: 50% drop in price in 6 months or less. We did it in one). + +Someone asked if buying at 400 and holding was a mistake. One reply said "We probably wont see 400 again this year, but youll make money if you hold longer than that", implying a positive outlook as we rally into next year. stands at -4 karma + +The reply to that just says "I think well definitely hit 400 before the end of summer." +8 + +On a technicals post from today we had this: http://imgur.com/a/4ziPQ + +Dude who didnt read the chart but is pretty sure that up arrow at the end is awesome: +53 + +Dude who read the chart and understands that arrow isnt predicting price, but has reason to believe things will look great in a very short time anyway: -5 + +This forum has been a great source of joy over the past 9 months, but its on its way to being a cult similar to /btc and /bitcoin. No where near that toxic yet (the mods here are great and dont censor bad press), but I worry it will continue to decline. The forum is flooded with bandwagoners who have no idea what anything going on with Ethereum is and (the important part), have no interest in learning. + +Thoughts, rebuttals, lamentations, downvotes? +https://medium.com/the-long-now-foundation/how-warren-buffett-won-his-multi-million-dollar-long-bet-3af05cf4a42d + +"Over the years, I’ve often been asked for investment advice, and in the process of answering I’ve learned a good deal about human behavior. My regular recommendation has been a low-cost S&P 500 index fund. To their credit, my friends who possess only modest means have usually followed my suggestion. + +I believe, however, that none of the mega-rich individuals, institutions or pension funds has followed that same advice when I’ve given it to them. Instead, these investors politely thank me for my thoughts and depart to listen to the siren song of a high-fee manager or, in the case of many institutions, to seek out another breed of hyper-helper called a consultant." + +... + +"Over the decade-long bet, the index fund returned 7.1% compounded annually. Protégé funds returned an average of only 2.2% net of all fees. Buffett had made his point. When looking at returns, fees are often ignored or obscured. And when that money is not re-invested each year with the principal, it can almost never overtake an index fund if you take the long view." +I was just in dunkin donuts it took me 25 minutes to get 2 black coffees and only 2 people were inclined in front of me. A guy waiting was chatting with another guy waiting saying nobody wants to work. + +I hear people saying people arent gonna work jobs they dont like for low pay and bad benefits but how do people actually take this hard stance? At some point dont you have to pay your rent and feed yourself? What are peoppe doing for money? + +During covid we had the federal unemployment but now that that has ended what are peoppe doing? Are two worker households choosing for one person not to work? Are people moving back in with family and cutting expenses? How are people surviving? +I've heard issues with "brain drain" in cities across America. I was wondering if anyone could provide solutions without giving tax breaks to corporations. +[https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=MX-PL-TR-CN-TH](https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=MX-PL-TR-CN-TH) + +I was aware that Mexico and most Latin American economies were known for being sluggish, but it seems really stark on the linked Worldbank data. + +This is GDP per capita, using PPP with constant 2017 USD. + +I've compared to Poland, Turkey, Thailand and China which are all comparable in various ways. They've all vastly outperformed Mexico over this period. China is just about to pass Mexico on this metric. + +Mexico was at $15k/capita in 1990 and about $20k/capita in 2018, which makes for annual growth averaging about 1.03%. What's going wrong here? + +EDIT: I see the post has created a fair amount of interest but that most of the responses are still not displayed. To try to pre-empt some of those, I'd hightlight that I've included Poland, Turkey, Thailand and China because as they could be accused of many of the same weaknesses as Mexico, but that on the metric I've selected are rocketing their people out of poverty. + +As such, saying, for example, that Mexico misallocates its resources may well be a fair assessment, but I believe the same could be said for some of these other countries and yet the result is not the same. + +Standard suggestions that I'd expect anyone to get with a little thought, might include that Mexico is held back by bad/capricious government, a large informal sector, political/criminal instability in its territory, corruption, poor macroeconomic policy, poor state provision of education/health care, low productivity of women in society, inequality, poor infrastucture, lack of social support/safety net etc etc. + +But many would absolutely see these factors in the other countries I've included. What I'm really interested to know is why they are performing so well when Mexico has barely changed in 30 years. I think that's the harder and more interesting question. +**If you're looking through this subreddit just know I feel for you... Constantly looking for the next moonshot while trying to dodge rug pools & sketchy developers. Search no more!** + +**🌮 Join the community for 24/7 support! -** [**Telegram**](https://t.me/TacoCatCrew) + +**🌮 Website :** [**Tacocat.finance**](https://Tacocat.finance) + +TacoCat is a community driven moonshot that caters to both serious & meme investors. The liquidity taconomics of the coin provide INSANE stability when it comes to dumps, which basically means whales can't manipulate the price. It's the first of it's kind in that aspect and has every chance to thrive just as much as the last hype driven coin. We're breaking into a revolutionary time period where the people get to decide what they purchase is truly worth, and it's a beautiful thing. + +**The TacoCat community & Devs are available to answer all your questions & FUD.** + +\--------------------- + +**🌮 Marketing?😺** + +Tacocat has a dedicated experienced marketing team in place pre launch. + +Marketing Roadmap: + +1. Brand Establishment on Socials: Twitter/ TikTok/ Telegram +2. Early Partnerships - Aim for [bogged.finance](https://bogged.finance/) listing +3. Community Competitions +4. TacoCat Tequila Commission + +**🌮 Tacocat Tequila?😺** + +Shortly after establishment the community will decide on a tequila blend / distillery. A custom batch will be ordered with unique branding and delivered straight to your front door! + +**🌮 Community - Antiwhale attitude😺** + +This token is the love child of a group of likeminded individuals who love Cats, Tequila, Tacos and BSC tokens with organic growth. The initial liquidity was made up from community donations (My donation was 0.042069 BNB). The launch was a FairLaunch with no presale + +\--------------------- + +## 9% Transaction fee + +**8% of all TacoCat transactions is put back into our Food Vault, which is locked inside of PancakeSwap LP, feeding the homeless, hitchhiking cats along the ride. 1% Returned to holders as a small way to say thank you. Auto-liquidity will ensure high and stable fuel levels.** + +\--------------------- + +## 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://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB](https://exchange.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) **📊** + +**Links:** + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**🌮** [**Website Tacocat.finance**](https://tacocat.finance/) + +**😺**[**Discord**](https://discord.gg/kwPG4edB) + +🚗 Roadmap 🚗 + +## Q2 2021 + +* **Core Development** +* **Launch** +* **Website** +* **Marketing (In Progress)** +* **Visit distilleries and incorporate partnership** +* **BogCharts listing and ads** + +## Q3 2021 + +* **CoinGecko and CoinMarketCap listing** +* **Taco Tuesday ZOOM Banquets** +* **Tasting and finalization** +* **Marketing campaign begins for Taco Cat Tequila** + +## Q4 2021 + +* **Bottles of TacoCat Tequila will be airdropped** +* **Get more lit than a recovering cat in Catnip Anonymous** +* **Chuck a taco at a dog, then apologise profusely when he starts chasing us** +* **Befriend dog** +* **Betray dog** +It's nearly always in your best interest to skip on all the "deals" for crapware made specifically to be shoved out the door on Black Friday and break down by the time the next one rolls around a year later. +Koreans value technology over orthodoxy. ETH > BTC. + +Songdo City & Seoul Korea are cities of the future - Koreans love & are proud of this. ETH is the crypto of the future - Koreans love & seek to be involved early on in this. + +When travelling Korea & among my Korean friends, they espoused that they find little to no appeal in BTCs 'digital gold' dubious branding. Many considered BTC to be the precipice of obsolescence, stating "BTC will soon be obsolete." +Due to an accident a few years ago I won this much in a settlement yesterday. I'll spare the details for anonymity. + +I grew up in a working middle-class family, and consider myself fiscally humble and don't plan to blow this on extravagance at all. + +Ideally, what's the smartest thing(s) I can do to stop working as soon as possible (or work minimally doing something I love)? + +My circumstances: I'm currently renting. I have a part time job and a side hustle as a coach for a niche sport which bring in about $70K combined. I have a uni degree in something not very useful. I have a brother I'd like to help with a house deposit and my parents I'd like to help a little. But I'd really like to invest almost all of this in a way so that I'd have to work zero to little for the rest of my life. I don't know anyone who has wealth to advise me other than those who bought multiple properties before they were stupidly priced. + +I plan to find a financial advisor, are there firms who deal specifically with people who come into inheritance or very large sums of money like this? +The short positions put on by the hedge funds are posing a systemic risk to the market. Bail out both sides by liquidating the hedge funds, but not the brokers or clearinghouses, but also put a buy order in for $10k per share to allow GME shareholders to exit. Isn’t $700 billion better than a financial meltdown? Just like last time you can ‘put rules in place to make sure this won’t happen again’ + +In 2008 the banks held risky assets and got bailed out because they said the innocent normal people would be hurt even more if you didn’t bail them out, so the government did it. + +We posed a risk to the liquidity of the hedge funds, brokers, and clearinghouses yesterday. By bankrupting them it would probably cause a temporary stock market crash as they liquidate their positions. + +Are we not now in the same position as the banks were in 2008? Buy us out of our positions for $700 billion to save the rest of the market and the normal people right? + +Edit because it got attention: if this ever was a reality it would in the form of a loan to clearinghouses and brokers to cover any losses up to $10k per share. They would have to pay it back over time. The government would get the money back and reimburse taxpayers, while at the same time collecting taxes from the gains of the retail investors. Long term the clearinghouses and brokers recover, the market continues to function, and then they never let hedge funds put on a risky play like that ever again. The hedge funds involved are deservedly bankrupt, and the retail traders get the reward they deserve by playing the free market game by the rules. +I was fortunate enough to buy a home before the real estate market went bonkers. + +I look at how crappy trying to get a home is for normal people right now and I really feel for them. + +I'm not very knowledgeable in economics, but I just don't understand how prices could ever go back down to rational levels. + +The way my uneducated and ignorant mind sees it, the Canadian housing market is almost like what gold used to be to currency, because mortgages have been subject to stress testing and stricter rules like that. With stock markets plunging up and down constantly real estate seems like a safe place to put wealth for it to grow. + +Can anyone explain how it's ever going to be possible for young people to get a home in the future without some kind of government intervention into the equation, like council homes in Scotland? + +I just don't see how the 4 bedroom 90s house that's now selling for 627k in my area goes back down to 450k ? +What could cause that to happen, and if it did drop down like that again wouldn't that mean we were all in big trouble in other areas? + +EDIT + +There have been a lot of great discussions and back and forth in this thread, with a lot more respect and empathy for each other than you normally see online. + +Whatever happens with real estate in Canada and the struggles that will come, just reading how understanding and open people are to each other about this makes me feel better. I learned a lot from everyone's answers and I appreciate everyone who contributed to making me less dumb today. +Today AC closed at $24.82, +4.8%, purely on good market sentiment. I see a lot of people on this sub talking up this stock, and i believe this will end up with a lot of sadness for beginners who falls into it. I truly believes that AC is in a bubble and the rug pull will be coming eventually. I am posting this so that people who own AC understands what they are getting into. I am not your financial advisor, and you should double-check anything strangers on the internet says. + + +Let's start by saying : + +Yes, Air Canada is owning a huge amount of the market share in a quasi monopolistic way. + +Yes, the government will probably keep lending money to AC if they need. + +No, AC is not headed for bankruptcy; they have a lot of cash on hand. + +These are probably your arguments when you got into this stock. I also bough into AC in March & June 2020 with these exact same arguments; trust me i understand the feeling. But hear me out on what Air Canada is actually worth TODAY. + +Open this and set it to 5y : +https://money.tmx.com/en/quote/AC + +Notice that the current price has stabilized to about what it was in 2018 + + +Please take a look at this chart and set it to 5y : +https://ycharts.com/companies/AC.TO/price_to_book_value + +This is the Price to Book value of Air Canada on a timeline. + + +Let's pick a date : February 12, 2018. Almost exactly 4 years ago the price was practically the same. +Go in the ychart graph and find that date with your cursor : roughly 2.2 P/B. In fact, you can notice very easily that the P/B has kept a very stable trajectory in the pre-corona era. + + +Why is this a problem? Well... if you don't see this as a problem and you are managing your money or someone's money, you need a crash course RIGHT NOW. + +Book value of a company is the wealth in the company minus the debt. +P/B, or Price to Book ratio, is a ratio to determine the amount of wealth in the company in relation to the share price. + + +What does this all mean? + +In 2018 when you purchased a share of AC at the same price as today, you were getting about 12$ of wealth per share. + +Today, every share you purchase of AC has 0.41 cents of value behind it. + +The market was maintaining the valuation of Air Canada at roughly 2 P/B for years. Today the P/B is 60. That means for 60$ you put in AC, you get 1$ of book value. In 2018, for 2$ you would get 1$ of value. I'm repeating myself here so that the magnitude of the situation can be grasped. + +This is clear evidence of a bubble. Perhaps you could say, in the current price, we are pricing-in the recovery and a potential boom in air travel in the post-corona era. I can see myself agreeing with that. It's rational. Well then, what would it take to fill up that financial hole? Let me explain to you how thick and long you would have to be : + +https://aircanada.mediaroom.com/2019-02-15-Air-Canada-Reports-2018-Annual-Results + +This is the annual results of Air Canada, with record smashing profits. Read how giddy and pleased with themselves they are with these results. Let's boost and round up the net income to 1.5 billions : This represents an exceptional year with a whole lot of accountant magic to make it look better. + +AC has roughly 357m shares out there. To get to a P/B of 2, they would need to add about 12$ per shares of value. This would amount to more than 4.2 billions $ (Calculations are very roughed). In other words... half the current market capitalization. + +So, 3 record breaking years would bring Air Canada to a book value that is in line with what the market was pricing it at in the pre-corona era. Realistically, i see that as 6 to 10 years. + +This is what you are getting into. If you want to bet on a potential air travel boom, as i am, there are a lot of less risky options out there. You would say, why don't you short it then? Well, i admit that i am cowardly and i don't like to get in a death match with insane people. This is a textbook example of "The market can remain irrational longer than you can remain solvent". +Productivity has increased a lot why are we still working everyday has it become just a formal thing so we do unnecessary work +I know people like to work on passion projects but most people are doing work just to earn money +I've read almost all of the books on the /r/economics reading list (64 of 70). I've also read and studied Mankiw's Principles of Economics. Compared to a reasonably smart and accomplished undergrad at a state school, how much do I know and have yet to learn at the undergrad level? + +I ask because in the long run, I'm interested in maybe getting a masters or maybe even pursuing a doctorate (if I can get into a top 40 school) in Economics. +Ayeee I love my money working for me this is why it’s so eye opening to learn financial education + +Here’s my stock portfolio + +[https://share.icloud.com/photos/02J-kok6Z0q922AIl7iCwiAOA](https://share.icloud.com/photos/02J-kok6Z0q922AIl7iCwiAOA) + +What was the best return you got in the stock market ? +I'm 30 years old. My wife and I have been saving money consistently and have about 300k of net worth. Only debt is on my house at a great rate. I make good money and my wife does ok (although not near as well as me) as well. We live pretty frugally and save thousands of dollars a month. + +When I was 22 I sold the business I built through college and bought myself a nice car for 25k. It was a dumb purchase but could've been worse. About 2 years ago, that car was totaled as a result of another driver running a red light. I got something like 15k for it and for reasons I won't get into, we didn't replace it. Instead we became a one-car household and I bought a dual-sport motorcycle for \~6k. I use the motorcycle some when my wife needs the car and I need to go somewhere, but it's mostly a toy. I live in Colorado and trail-riding with friends is my favorite thing in this world. + +Spring is around the corner and I really want a truck so I can take my bike to the mountains, but more importantly so that when friends are in town, we have a way to get multiple bikes/4-wheelers to the mountains. We have done this before without a truck, but it's a logistical nightmare and pretty expensive for a single day of riding. Having a truck would mean all I would have to do is load the bike(s) in the bed and go. If it's a bigger group, renting a trailer is really cheap and easy and logistically much less challenging. + +My wife got a new job that is currently remote, but won't be by the end of the summer at the latest, unless something really crazy happens with COVID. I'm basically in the same position - expecting to return to the office in September. So on some level we will need a second vehicle sometime this year. + +Here's the thing. I know I could find some relatively cheap truck that would do what I need and double as a daily driver, but I really want a Jeep Gladiator (Jeep's new truck). Being able to take off the top and doors in the nice weather in the summer, take it deep in the mountains off-road for camping trips, etc. paired with the fact that it is actually a very capable truck for towing/hauling just makes me fall in love. + +Part of the problem is they just started making these models, so I can't really buy used. They also hold their value really well, so I'm not even getting much of a discount going used, and Jeeps are sort of meant to be used/abused so I'm leaning towards buying brand new for the first time in my life. + +Long set up, but I just want to say I know this is not going to get me to retirement quicker. But my justification is basically that you have to enjoy life along the way, and getting this vehicle will open up so many opportunities to do what I love (camping/riding trips with friends). I see myself owning the truck until it totally dies. + +The truck would set me back \~50k. I could pay cash but I would finance it given how low rates are. Am I at a point in life where I can do something like this, or do you think I'm going to seriously regret the purchase? +It seems like that rate would eat too much into your profits as the years go on or am I missing something? The rate of growth of that ETF doesn't seem to be sustainable, but ARKK seems very promising and I am a believer of Cathie Wood (CEO of ARKK ETF) after I did more research on her. + +As I am a beginner in investing and I am 32 looking at building a portfolio with short/mid/long term investments with a mix of ETFs, stocks, bonds, and cryptocurrency. I wanted to get advice from others on ARKK and specifically it's expense ratio and how it would affect my gains after 5+ years if I make it into a longer term investment. +Whilst i have only been part of this community for what feels like a short few months (9 i think? i dno). I have been lucky enough to ride a few waves and at this point im making a bit of coin. + +Nothing extravagant and im not retiring from my day job any time soon - but its certainly giving me a bit more financial stability. Not to mention - the biggest thing - this community is actually awesome. + +Ye some of you are cucks and stock pumpers but genuinely i have met some awesome folk here. + +I feel very lucky to be able to make some coin and i want to give back. + +So im making a pledge - when my portfolio hits $100k (currently at \~71k) i will be donating $10k to charity. + +I will be giving 5k to a non-profit group called Batyr - who do fantastic work volunteering at schools to aid young people with mental health issues. (in the name of a friend who committed suicide a few years ago) + +and ill give another 5k to the (legit) charity with the most upvotes in the comments. \[inb4: "i need 5k send it to my paypal"\] + +**MODS take note - if i dont post receipts after hitting my milestone - 1 yr ban me.** + +At any point Mods may ask to see my portfolio to see if ive reached the milestone and ill post an image with a timestamp. (or something) + +This isnt a - look at me im so charitable tickle my dorsal fin and let me fuck your wife please - post.Im genuinely hoping that other people when they hit their milestones will consider giving back to their communities - if they can. + +if this dies and gets downvoted to fuck - so be it... im keeping my pledge + +Godspeed retards. buy the dip. HODL HARD. z1p to hit $10 by easter. 🚀 + +Stinkyfatwhale out 🐋💕 + +PS: sorry if the wrong flair +Anything RE related is devolving into a vent and blame session rather than a discussion of investing. + +This is an investor sub and RE topics get very little genuine investing discussion. I get it- I’m a millennial too and know things are rough for many. + +This will definitely be unpopular….cue the angry posts! +New members of this sub need to understand to only put in money that they can afford to lose. I can see comments of single mother putting her life savings in and college kids borrowing money at a very high interest and going all in. + +This is not a joke. Losing money is not a joke. If you get a loan and buy a stock, you are at a risk. Only buy with money that you can afford to lose. Don't put your life savings or retirement corpus on this. +For people who are getting emotional and going all in against the hedge funds, the hedge funds will have a small scratch and you would be destroyed in the end. The concept of YOLO with buying stocks works only till you don't go bankrupt. + +I know this sub is now filled with a lot of new people telling you to buy the dip. Don't get emotional with money. This sub is for people who like to invest money that they can afford to lose, and not your life's savings when you are a single mother. + +I know Ill get downvoted to oblivion saying a statement like this, when the whole sub would be filled with "to the moon 🚀" +But please don't put in money you can't afford. Don't get loans and buy stocks. Money ain't coming easy and all the money you lost is earned by the hedge funds you wanted to destory in the first place. + +___ + +Edit 1 : I dint expect this post to blow up. I honestly thought it would be downvoted to oblivion. But thanks folks. And I am not paper handed, still holding to the 1 stock I bought. I'll take it to the end. +I'm not asking people to sell, just to not buy with money they can't afford to lose. +The US not drawing down Russian oil should increase the supply to others, no? Oil is fungible; if the US sought other sources, the net effect is not a reduction of supply overall. +Hi here I want to tell you about what I think is the most undervalued stock right now. It can be a huge value play here’s why: + +GROWTH : 37% yoy in revenues, cloud business with now positive Ebita and growing at 50%. + +The company operates in the online-retail market (mainly) in China, which is expected to grow its GDP and surpass the USA in 2028. + +Debt and Moat: Low debt, can pay all its debt with cash, so it can be considered a financial fortress as Buffett uses to say. + +Alibaba has definitely a moat with can be seen from different points of view: + +1) Network effect = The fact that the 53% of online- retail sales is from Alibaba and its platform creates a continuous increase in the number of users. + +2)Barriers to entry= In this market there are only few players becoming a sort of oligopoly. + +3)Economies of scale= Alibaba has shown its ability to scale, and so to increase its revenues without decreasing its profit margins, and it is able to grow and at the same time to reduce the “per-product-cost”. + +4) Substitution costs= Alibaba operates with online- salers which probably have made investments in order to position themselves in the Alibaba platforms, and it could be a huge cost to change platform. + +PRICE: Alibaba trades at 25/26 PE, forward PE of 20. And here nothing else to say. Considered the future growth is very cheap. + +WHY IT IS UNDERVALUED: It is undervalued because market hates uncertainty and I think that the market fears are + +A) Usa-China relationships + +B)CCP, because it is mainly a dictatorship and for example the ccp can do whatever he whats with its companies and population + +—> WHY THE MARKET IS MAKING A HUGE MISTAKE: + +CCP is in continuous competition with USA, and I think that it will never destroy his “diamond tips - companies like BABA or Tencent. + +CCP ,as Charlie Munger said at BRK annual meeting in Los Angeles, has discovered the “formula” that is a form of economic-regulated capitalism. + +For these reasons I think baba is hugely undervalued and as its fair price could be 320/330$ per ADR share. + +P.S. +Sorry for my English, I am Italian😂 +Purchased a duplex in May of 22. Came with a tenant that has been there since 2001. Never had a rent increase and is paying $600 per month. No lease no security deposit on a 1400sf 2 bed with a fair market value of 1300 in this neighborhood. After informing her of a rent increase in small amounts up $50 every 6mos until we get somewhere comfortable. Renovated the other unit which is a 1 bed 1100sf for $900mo. Now that there is new tenants she thinks she is the landlord. Gave them house rules like it's a boarding house. Now she has become a thorn in my side. Constant unfounded issues. Parking her car across all 3 spots in the lot even though I let her use the garage. This also started after getting the other unit rented. NY is tough to evict in. Should I just jump the rent to fair market and hope she leaves? Any advice? +OPEC et al appear to be classic cartels who artificially fix oil prices. In any other sector, such price fixing would be highly illegal. The recent oil wars seem to be consequences of a free market where they are actually competing against each other rather than price fixing. + +I never understood why price fixing in oil was encouraged. I would rather have producers take part in actual competition, which is what's happening now. +Hey everyone, my wife and I recently made it to millionaire status and I still feel like we don't have any money. Quick breakdown: + + + +* **Investments (retirement) $140k** +* **Cash in bank $32k** +* **House debt rental ($46k)** +* **House debt primary ($226k)** +* **Current rental value $340k** +* **Current primary value $760k** +* **Car value $18k** +* **Net worth $1018k** + +**We still live so frugally and because most of our net worth is in real estate we feel like we don't have any money. Any ideas or tips on what you would do if you were in my situation? We are both 27 by the way.** +A few days ago, I made a post titled *"Rugpulls and Honeypots. What they are and how you can avoid them."* Since then I got a lot of messages from people asking me how they can tell the difference between a new coin with lots of potential and a shitcoin. For maximum protection, make sure you follow this guide in combination with the other guide. I will not repeat those rules here. If you don't follow the rules of the other guide as well, you will lose your money. + +Before I start, some background: I trade small coins for a living. In the beginning, while learning, I fell for all the scams just like everyone else. But with every loss I learned something new and I'm now pretty good at it. Yes, I have losses like everyone else, but usually I get out with very small losses compared to my gains. + +Anyone here hating shitcoins, I agree with you. **I hate shitcoins too.** Part of what I want to explain here however is that not every new coin is a shitcoin. Every coin has to start with 0 holders. Everyone has to start somewhere. And every solid project deserves a chance to grow. Yes, the vast majority of new coins are shitcoins, but I want to help you tell the difference between the real gems and all the shitcoins. + +# The Golden Rules + +If you start looking for the real gems and want to trade smaller coins, **follow these rules or you will lose money**. + +1. Start trading on the BSC (Binance) Smart Chain. Why? Transactions cost around $0.20 max. You can't do this on the ETH chain where you spend lots on gas fees, sorry. I know they came down, but they're still too high. +2. For the first 1-2 months, don't invest more than $5 per coin. I am not joking. Yes, your gains will not be thousands of dollars, but if you go in with more you will end up losing a lot of money, trust me. +3. Have a small bag of maybe $150 or $200. Be prepared to lose your small bag completely. If you can't afford this and sleep well at night, don't do it. + +**Ready? Let's start:** + +# Find the Coins + +Go to the BscScan website (look up the links yourself, I don't want to link-spam this post). Then, go to "View BEP-20 Transfers". If the list looks confusing, don't worry. Look at the rightmost column that says "Tokens". You must look for the grey icon besides the coin names. Why? Because that means the coin is new. Established coins already have their icons listed and that means you're usually too late to make high gains. You can refresh that page for new coins every second, you will always find new ones. + +Open the new coins (with the grey icon) in separate tabs and look at them. So, now you have found a coin, it's time to investigate. + +# 1. Holders + +On the page you just opened, look at the "Holders" list. The biggest holders of a coin should always be the liquidity pool which is usually identified as "PancakeSwap: COIN NAME" and the dead coins wallet, usually identified as "0x000000000000000000000000000000000000dead". Why is this important? It reduces the possibility of a rugpull to almost zero, especially if the dead coins wallet is over 50%. + +Also watch out if there are too many whales. For example, 10 wallets each holding 3% of total coins is a huge red flag. Abort immediately. A healthy new coin should also have at least 200-300 holders. If it doesn't, also abort immediately. + +# 2. Liquidity Pool + +The liquidity pool is super important. I usually don't buy any new coin unless the liquidity pool is at least $30k or more. Why? Because scammers and shitcoins rarely provide a liquidity pool of that size. Again, we're greatly reducing our risks here. A locked liquidity pool is also important. Make sure it's locked for a longer period of time. 3 months, 6 months, 1 year or longer are great. You don't want the liquidity pool to unlock tomorrow. You can copy the contract ID and then go to "PooCoin" (again, look up the links yourself), then enter the contract URL there, hit enter and on the next page on the left side it will show you something like "COIN/BNB LP BNB Holdings:". That's where you want at least $30k or more. If it has a few hundred dollars or even only $5k or $7k, abort immediately. + +# 3. Volume + +Look at the "Transfers" section. If the coin has only 5 holders and no activity, skip it. If you want, bookmark it and come back to check tomorrow. You may have just been too early. If it has only a few transactions every 2-3 hours, also abort immediately. It's not taking off yet. A good number of transactions for a new coin should be about 5-10 per minute. + +# 4. Website & Twitter + +Make sure the coin has a website and twitter account. If it doesn't have both of them, abort immediately. If it also has a reddit page, a Telegram channel, a Discord, an Instagram page, a YouTube channel, etc. that's even better. + +# 5. Coin Name & Design + +The logo of the coin and the design of the graphics and website are very important. If it's not attractive, people will not jump in and it won't take off. If the use stock images that you've seen a hundred times elsewhere, abort immediately. The name is also super important. If it has a catchy name like "Save The World" it's much more likely to take off than "Funky Toilet Coin 55". + +# 6. Bonus: Doxxed Team + +This one is a HUGE bonus. If the team members publicly identify themselves, for example through YouTube videos or live AMA, it reduces the chance of a scam to almost zero. Why? Because their faces and identities are publicly known and they would almost certainly end up in prison. + +# That's it! + +Did the coin you investigated fail in any of the first 5 steps? I cannot stress this enough, but: ABORT IMMEDIATELY. Don't invest in it. You will end up losing your money. + +Did the coin pass all of the above steps? Great! You ***might*** have found a gem. Do some more research before you jump in and make sure the coin has a real purpose. Remember, things like hodling to get more coins or "to the moon!" are not real purposes. + +And now we go back to the golden rules. If you are ready to invest in this coin, **remember to only invest $5 for the first 1-2 months** of doing this. I cannot stress this enough. You are learning and you will make mistakes. Make sure you are okay with losing that money because even if a coin matches all of the above, it can still fail for a variety of reasons. If you stick to this rule, you can still make a good amount of money in these 1-2 months. I easily made $10 to $50 with just $5. Sometimes I got out at $3.50 because a coin didn't take off and re-invested elsewhere. + +Once you've done the above for 1-2 months and you've noticed any potential mistakes you made, you should be ready to start trading with $10 or $20 per coin (depending on your financial situation). + +Two more important things to remember: + +1. Early coins take time to take off. It's very possible that your $5 investment will drop to $3 or $2 in that time and go up to $10 and then go back down to $4. It may just sit there doing nothing for 5-14 days. That's absolutely normal. +2. Keep track of what the team is doing during this time. If there are no updates for 2-3 days, sell and get out. A good team should update its holders several times per day through several channels (Twitter, Discord, Telegram, etc). It's okay to get only 1 update per day, but less than that is a red flag. + +I **always** follow the above rules when trading with small coins and I currently have success with 90-95% of coins that I invest in. Trust me, **I tried to skip some of the rules above and I got burned every time**. Yes, it's a lot of work. Especially if you have to repeat these steps for every single coin you want to investigate, but you will get much faster at it over time. If you end up doing this for a living, you will probably be able to investigate 2-3 coins per minute. + +Now, if you excuse me, I need a coffee and relax my fingers a bit. They hurt :P +If you're just starting out, remember that it took your parents decades to collect all the furniture, decorations, appliances, etc you are used to having around. It's easy to forget this because you started remembering things a long while after they started out together, so it feels like that's how a house should always be. + +It's impossible for most people starting out to get to that level of settled in without burying themselves in debt. So relax, take your time, and embrace the emptiness! You'll enjoy the house much more if you're not worried about how to pay for everything all the time. + + +In 2008 I was super new to investing and didnt know about market corrections and sell offs, so I panic-sold some VERY good stocks and promised to learn from my mistakes. Then a few years later, I woke up to a sea of red in the stock market and panic-sold again. NOT THIS MORNING. I have learned. I always keep 20% cash on hand for days like today. LADIES AND GENTLEMEN, when you open up your portfolios, most of you will panic and think about selling. TAKE A DEEP BREATH. Take a step back and realize this is ANOTHER correction. IT IS BUY TIME! + +If you can, average DOWN on your holdings. If you've been wishing to buy a specific stock because it's too expensive, well NOW IS THE TIME TO BUY IT!!! This is why we don't invest money we may NEED. Markets WILL be green again, I guarantee it. + +Trust yourself and your decisions on why you bought your stocks and relax. Best advice I can give you is LEARN FROM ME. I sold Google, Microsoft, Ebay and other stocks for NOTHING and today, if I would have held my positions, I'd be rich. DON'T BE ME. +I can’t be the only one who watches countless videos of institutional traders say “retail is so dumb, they use stupid strategies and their technical analysis is stupid. I never use technical analysis” yet they NEVER give a good description of what methods they use. In interviews, there’s a pattern of: +-Interviewer: What’s the most common mistake retail traders make? +-institutional trader: It’s certainly using technical analysis. Moving averages, indicators, random lines etc. +-Interviewer: So what strategy do you use? +-Institutional trader: *beats around the bush + +If it’s not technical analysis as we know it, then what is it? Do they just show up to a desk and spam a keyboard? What do they do? + +After about a year of learning to trade, I’ve become quite frustrated from listening to all of these “pros” say that certain things are bs without saying what isn’t bs. +[source](https://www.moneycontrol.com/news/business/rbi-takes-supervisory-action-on-card-networks-american-express-banking-corp-and-diners-club-international-6808551.html) + +>The Reserve Bank of India (RBI) on April 23 imposed restrictions on American Express Banking Corp. and Diners Club International Ltd. from on-boarding new domestic customers onto their card networks from May 1, 2021. + +After HDFCB, now its Amex and DC's time. Let's see how quickly these foreign companies fix this. + +Thoughts? + +*Unrelated funny story: Was about to get a Citi credit card, bank got closed. Was about to get an Amex CC instead.* 🤨 +On approximately November 18, Bitcoin will split into two chains: Segwit1x and Segwit2x. Because these chains share the same proof-of-work function (PoW) and neither change the difficulty adjustment algorithm (DAA), it is unlikely that both will survive simultaneously. + +A complicating factor is the existence of Bitcoin Cash, a fork of Bitcoin which shares the same PoW but has in addition an improved DAA that ensures it can adjust downward in difficulty rapidly as needed in the event of miner evacuation, keeping its block interval at approximately 10 minutes on average. Bitcoin Cash cannot die, but Segwit1x and Segwit2x can both die. + +These are the possible scenarios that may unfold starting November 18: + + +**Scenario 1: The Flippening** + + +Bitcoin Cash becomes the dominant chain measured by total PoW, Segwit1x survives with an "emergency hard fork" to a new PoW function or DAA, and Segwit2x dies. + +This scenario is widely ignored or ridiculed in the Bitcoin community which is why the current price of Bitcoin is more than ten times the price of Bitcoin Cash. However, this scenario is actually the most likely due to the spectacular gains to be made by miners, speculators and businesses who game this scenario. Anyone who is in a position to cause the flippening can increase their money 10-fold in a month, followed by far higher long-term gains due to the ability of Bitcoin Cash to scale to a global audience. + +If this scenario plays out, it will probably happen as follows: + +Whales will buy Bitcoin Cash cheap and sell Bitcoin at its all-time highs in preparation for the flippening. Then by leveraging huge amounts of capital, whales will push the price of Bitcoin Cash up and the price of Bitcoin down at approximately the same time as the split between Segwit1x and Segwit2x. + +Miners will now be incentivized to switch from Segwit1x/Segwit2x to Bitcoin Cash due to improved profitability, while Segwit1x and Segwit2x both struggle on suddenly far lower mining power. Miners themselves may also be whales and will deliberately cause the incentives to shift for their own double gain. + +Segwit2x dies to due no ability to change the PoW or DAA (since that's not a part of the New York Agreement (NYA)). +Segwit1x changes its PoW and survives as an altcoin branded as "Bitcoin". Many in the Segwit1x community are already comfortable with this possibility, and more certainly will be if all of their value is threatened with destruction otherwise. +Over some period of time, Bitcoin Cash achieves status as the longest chain as measured by total PoW and some exchanges and businesses now regard it as being "Bitcoin". + + +**Scenario 2: Segwit2x wins** + + +Segwit2x becomes the dominant chain measured by total PoW, Segwit1x changes its PoW, and Bitcoin Cash survives. +This is the second most likely scenario due to the fact that a vast majority of miners and a majority of businesses have committed to Segwit2x as part of the NYA. However, this scenario is strictly less likely than the above due to the lesser gains to be made. No one can multiply their value by 10-fold in a short period of time in this scenario. And the long-term future is likely to continue to have infighting, high fees, and loss of market share to altcoins - it's better for business if Bitcoin Cash wins. + +Note that, even if Segwit1x has a higher price on exchanges at the time of the fork, that does not help Segwit1x much if miners stick to their agreement and continue to mine Segwit2x. See Vinny Lingham's theory about how the minority chain cannot have a higher value. + +In this scenario, similar to the above, it is most likely Segwit1x will change its PoW and become an altcoin in order to ensure its chain survives. + + +**Scenario 3: Segwit1x wins** + + +Segwit1x becomes the dominant chain measured by total PoW, Segwit2x dies, and Bitcoin Cash survives. +If the movement from the Segwit1x community is successful, Segwit2x will be prevented from occurring due to the community uprising. This scenario is less likely than the above two scenarios due to the lack of commitment from miners to mine the Segwit1x chain. Segwit1x will probably not survive on ~10% of mining power due to excessively long block times for several months. Trolling on social media is not a substitute for mining power. + +In this scenario, Segwit2x completely dies as no parties in the NYA agreed to change the PoW function or DAA in order to allow it to survive. + +This scenario can be encouraged by whales. If whales specifically desire to make Segwit1x the dominant chain, they can buy Segwit1x. If they are able to sustain a high price of Segwit1x due to a flood of capital that lasts beyond any insecurity, the miners are incentivized to switch back over from Segwit2x. However, this requires vastly more capital than the scenario in which Bitcoin Cash wins because the market cap of Bitcoin is more than 10 times that of Bitcoin Cash. Rational whales who actually want Bitcoin to succeed would prefer the Bitcoin Cash scenario. +Other Near-Term Scenarios + +There are other scenarios that are logically possible, such as the co-existence of Segwit1x and Segwit2x with no further hard forks, but they are unlikely. I believe one of the above three scenarios will almost certainly be the scenario that plays out in November. + + +**Long-Term Scenarios** + + +Note that if Bitcoin Cash does not achieve majority mining power and total accumulated PoW, the situation will continue to be unstable past the November 18 fork. Over the long-term, Bitcoin Cash can both achieve a larger user-base than Segwit1x/Segwit2x and, because it has a better DAA, it can't die, and will therefore continue to be a thorn in the side of Bitcoin until it ultimately acquires majority mining support and becomes labeled "Bitcoin". + +However, things could easily change long-term to affect these probabilities. For instance, if Bitcoin changes its DAA to be similar to Bitcoin Cash, then Bitcoin Cash's advantage will go away and the mining dominance of Bitcoin will continue. + +Thoughts? +Looking to make a little extra income as a side job after my full day gig is over and also on weekends. Was thinking of doing transcription, but not sure where to begin. If anyone knows of any legitimate part time work from home jobs that does not require selling items I'd appreciate it! + +EDIT: just wanted to say I am very overwhelmed by the amount of comments on this post. Please know I am reading each of your comments. Thank you all for your insight! I really didn't think this post would have so many ideas! +Although housing affordability is at 2007 peak levels, Blackstone’s Joe Zidle explains that a crash is unlikely due to a major difference. + +In the 2007-2008 housing bubble burst, many owners were using their homes like an ATM, he says. + +> “That caused so many people to go upside down. The value of what they owed was greater than the value of their home.” + +Currently, home equity is at an all-time high and household balance sheets are strong. + +> “You haven’t had overbuilding. You haven’t had a drop in credit or lending standards,” he noted. + +Blackstone is known for buying scores of distressed residential properties tied to the 2008 financial crisis. It’s still a major player in real estate, with investments in rentals, the rent-to-buy market and student housing. + +Article: [Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle](https://www.cnbc.com/2022/05/16/home-affordability-at-2007-bubble-level-but-crash-unlikely-blackstone.html) + +___________________ + +Note: This is not an endorsement of a bull or bear view of the real estate market. I like to understand the arguments on both sides of a trade. +>it will axe the ability of property investors to claim mortgage interest as a tax deduction against rental income. + +[https://www.theage.com.au/politics/federal/nz-kills-tax-loophole-on-property-to-slow-soaring-house-prices-20210323-p57d9s.html](https://www.theage.com.au/politics/federal/nz-kills-tax-loophole-on-property-to-slow-soaring-house-prices-20210323-p57d9s.html) + +[https://www.stuff.co.nz/national/politics/300259389/housing-government-to-double-brightline-test-and-end-interest-writeoff-in-war-on-property-speculation-will-spend-38b-on-new-supply](https://www.stuff.co.nz/national/politics/300259389/housing-government-to-double-brightline-test-and-end-interest-writeoff-in-war-on-property-speculation-will-spend-38b-on-new-supply) +I was on wsb when it went crazy, and again on gme. I still view those, but my participation is limited. When those dramas happened, it was uncertain which spin-off sub would emerge from the ashes. + +Superstonk, the founders, and the moderators have exceeded all of my expectations. In my opinion, superstonk is the evolution of all of the others. They respond to FUD and shills so fast I hardly notice them. When i do, as pinkcatsonacid has said, it's that apes are smart enough to spot them and call them out. + +I don't think they need constant advice or proposals, as their judgement has been pretty fucking good! + + +Edited: removed my agree question. This was not meant to beg for yogis. If you truly don't think they've done well, then we just disagree. +The famous investor Michael Burry who predicted the housing bubble is warning of a potential for hyper inflation. He states in this article that even gold and bitcoin might not be safe if the government turned against them to try to protect our currencies. + +If he is right, and it unfolds this way, what will be the safe thing to do, buy or invest in? Would the government outlaw silver hoarding too? + +https://dailyhodl.com/2021/02/22/big-short-investor-michael-burry-issues-warning-on-future-of-bitcoin-and-gold/ +Dont freak out. + +It happens to the best of us. + +Log off, take a break. + +Today's not the day to stare at your screen (aleast not for now) + +Catch you on the moon + +Edit: Thank you for all the awards! + +Edit 2: Thank you for more awards! This has gotten crazy lol +Ok so there aren’t many people in my life that I can brag to about this because covid has financially affected many of my friends/family that aren’t able to work from home. + +I joined reddit about a year ago and have learned so much about finances in the subreddits I joined! So I know buying a new car is usually the dumbest move financially due to depreciation and upfront/monthly costs, but this had been my dream since high school! + +For some context, I’m 23 (F) living in Ontario Canada with no student debt or any other accumulated debt. I purchased the vehicle with a $3700 downpayment and financed about $26,000 at 0.55%. I moved back home with my parents after uni went online last Spring and besides my phone and entertainment, auto expenses have been my focus for the last 11 months. I was able to wfh after starting full time last May and manage my money in order to save while paying off my car (meeting and exceeding my biweekly payments). Due to the nature of my job, I had a few lump sum payouts, bonuses and then my tax refund which have sped up the process. Not to mention how stingy I’ve been when it comes to buying things for myself (clothes, shoes, makeup, etc). + +It was all worth it! Proud to be driving a 2020 vehicle around in 2021 knowing that I own every last bolt of it! I’ll be driving this thing until it falls apart. Mark my words. + +Next up…. Saving for a downpayment on a house! Any tips? +An average house in London could be bought at £400 000, at current rate it’s (£1=$1.39) $556 000. + +Let’s divide that by current $O price $65.25. + +$556 000 / $65.25 = 8 521 shares. + +Now let’s multiply these 8 521 shares by their [current dividend.](https://www.nasdaq.com/market-activity/stocks/o/dividend-history) + +8 522 x 0.235 = $2002 monthly! + + +At the same time if I bought said house I’d be able to charge £1400 rent which gives me $1946 but I’d also have to be bothered with tenants maintenance etc. + +Are there any flaws in my logic? Is investing in O more efficient than purchasing a house? +Nine tips for reading Annual Reports from an Accountant. Annual reports often run into 100's of pages. Here is what you need to know. + +Thread 🧵⬇️ + +**1. Read Back to Front.** + +Miss the glossy marketing pages and skip straight to the numbers. Before reading what the managers say about how well they have done, it is a good idea to have formed our own opinion. + +**2. Focus on Profit** + +There are so many ways profit is calculated the directors can be talking about a completely different number to the one considered most relevant. + +Check the profit adjustment items under + +* Exceptional +* Non-recurring +* One-off + +Decide if they should be included. + +**3. Even Better Focus on Free Cashflow Over Profits** + +The best investors don’t spend huge amounts of time looking at a company’s profits. Instead, they spend a lot of time looking at its free cash flow in order to work out how good or bad a company’s shares might be as an investment + +What is free cash flow? In layman’s terms it is the amount of cash that a company has leftover every year to pay its lenders and shareholders. It is essentially a company’s cash profits. Or essentially the cash which can be extracted from the company, whilst the company still maintaining its current growth. + +**A sign of a company with high-quality profits is that it turns a large proportion of its profits into free cash flow** + +**4. Check the Segmental Report.** + +When a company is changing shape, using cash flow from one division with limited prospects to build up another which will diversify and grow its revenue. The Segmental report highlights this. + +**5. Check the Remuneration Report.** + +This is where executive pay is disclosed. Excessive pay counts against a company in my evaluations. It can mean the board is more interested in filling its own pockets than rewarding employees and shareholders fairly. + +**6. Don't Overlook the Risk Section.** + +Companies do not like to talk about why they might lose money, which is what makes this section so compelling. Companies spell out the commercial challenges they face, and also present convincing arguments as to why they might overcome them. + +**7. How does it make money?** + +Read the business model section. A business model is how a company makes money. A strategy is how it plans to make more. To be credible, strategies must make sense, and they must be reflected in the results of the company. + +**8. Skip the Chairman Notes** + +Read the CFO notes. The chief financial officer will often repeat what the chief executive and chairman say but add more commentary on the numbers and how they were derived. + +**9. Check Accounting Treatments** + +Auditor’s report + +Auditors very rarely qualify their opinion on the financial statements, but it can be useful to note which areas of accounting they focused their investigation on. + +If you enjoyed this then maybe I can tempt you with my Twitter page [/\_JosephWilks](https://twitter.com/_JosephWilks) where I write daily insights on long-term investing like this. +I’m a long term investor and I haven’t checked my portfolio for the last 3 hours. This feels.. GOOD. Lol + +I feel like a weight has been lifted off of my shoulders. I normally check my portfolio multiple times a day, usually every hour or so (just because it’s so damn easy to open an app and see all of your holdings). + +Hence, I’ve decided to not check my portfolio until Monday of next week, and I am challenging all of the long term investors here to do the same (if you’re not planning on buying any additional shares for the rest of the week that is). No looking up the stock price. No looking at the after hour markets. No asking your friends for quotes.. Go get a damn life you noobs! + +Constantly checking your portfolio for no reason other than to receive gratification/assurance is no worse than posting on Instagram and Facebook just to receive ‘likes’. It’s NOT good for you and it wires your mind into thinking in the shorter term. + +Let’s do this. Let’s be smart. Let’s rewire our brains to look and think longer-term and not seek out instant pleasure. + +I hope all of you will join me on this journey. What’s the worst that can possibly happen? + +How long will you last? Let’s find out! +10 shares of SCHD would bring in about $6 in dividends, but 4 shares of chevron, would give you $13 in annual dividends. Which one would y’all prefer for someone starting out but wants to put atleast $600 in a dividend stock or etf.. which ones better for lifetime or retirement. Thanks in advance +**EDIT**: **Apparently my post has really upset some people. I've been receiving nasty messages in my inbox and on this post. I am not trying to "pretend I'm better than anyone else" or trying to "rub it in" anyone's faces. I have been struggling for a LONG LONG time. I'm sorry that me being thankful and grateful for this unexpected help has upset people. That wasn't my intention at all.** + + +My spring semester officially ended on Monday. I got an email in my student account saying to check my student information center because I had been sent an important message by the college. Not gonna lie, I got scared that it had something to do with my financial aid. (On track to receive the full Pell grant for the 2020-2021 school year). + +I checked my student inbox and saw this: + +**Due to the disruption of campus operations as a result of COVID-19 you've been selected to receive a grant in the range of $1000-$1100. This grant should be used for things such as food, housing, course materials, technology, health care, and child-care. + +We expect to be processing these funds within 2 weeks.** + +I am straight up ugly crying. I filed for unemployment back in March and have yet to receive a single unemployment or PUA check. I'm so behind on bills. Food banks and the kindness of other Redditors are my saving grace right now. When I finally got my stimulus check, it went to back paying my landlord and utilities but now they are racked back up again. With this grant from my school, I'll be able to pay my share of May's rent and the utilities and might even have a little left over to put on my credit card. And hopefully I will start receiving the unemployment payments soon. This couldn't have come at a better time for me right now! +Alright, ya fucks, I'm gonna get straight to the point. + +*If GameStop hits 800 before 2/26 we will trigger the Mother of All Short Squeezes* + +As we learned from the last spike to 483, it was **not** the shorts squeezing. *As Melvin* ***admitted*** *in the Congressional Hearing that they did* ***not*** *cover and the spike was from* ***gamma****.* + +If you do not know, this "gamma squeeze" occurs because of call options. As the prices surges, Market Makers are forced to write more calls and buy shares before they even become available, surging the price higher. + +So, now because we have fallen all the way back down to $40, we have a catapult cocked down as far as it can go, ready to be launched. + +There are *millions, and millions, and* ***millions*** of shares written in those call options all the fucking way up to 800. These shares are not only buried in the 2/26 calls, but also every single date after this as well. ***So many fucking shares.*** + +If we can get to 800 and *all these calls become* ***in the money*** the Market Makers will have to scramble to buy millions and millions of shares that will surge the price up. + +The craziest part is that this does not even take into account the shorts covering. So, as the Mother of All Gamma Squeezes squozes, sending the price into the thousands, the shorts will then also be skyrocketing the price at infinitely higher prices. + +If you did not read my last dd [here](https://www.reddit.com/r/wallstreetbets/comments/lnvvu3/why_gamestop_was_going_to_cause_a_collapse_of_the/) about GME short interest being 400%, we learned that u/thabat ran an AI-generated model of GME’s stock price, which predicts a squeeze target of an extreme ***$130k a share.*** + +Now, while I then believed this to be a completely outlandish number, I now believe to have realized that this gamma squeeze that will occur if we hit 800, ***is what it predicted.*** + +*To reiterate:* + +*I believe that the AI-Model of GameStop's share price, which predicts $130k a share, is predicting this because it believes that we will hit 800 before 2/26, therefore causing the* ***M****other* ***o****f* ***A****ll* ***G****amma* ***S****queezes. Which will* ***then*** *trigger the infinity short squeeze which sends us to $100k+.* + +Many others are also starting to realize this as well, check out this post on r/stocks + +[https://www.reddit.com/r/stocks/comments/lrrcdk/gme\_gamma\_squeeze\_part\_two/](https://www.reddit.com/r/stocks/comments/lrrcdk/gme_gamma_squeeze_part_two/) + +While this is not financial advice, it is in my opinion that we need to do our best in holding and buying in order to get the stock price above $800 before Friday. This AI believes we fucking did it, lets prove the future right. + + 💎🙌 + +🚀 + +Edit: END OF DAY 2/26, just so some of you idiots realize lol +Edit: **TL:DRS: Citadel swaps are real and RC knows. Citadel is fukct, SHFs are fukct, banks are fukct, markets are fukct, the economy is fukct, its all fukct. DRS your shares and HODL.** + +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. [I have 496 shares purchased directly through CS and 100% DRS in my name](https://www.reddit.com/r/Superstonk/comments/xpkkhz/i_put_my_money_where_my_mouth_is_428_for_the_bot/). Everything below is my own due diligence, is not financial advice. We are individual investors who happen to share common end goals. I chose to share this theory because this community has given so much to me, most importantly this investment opportunity. We become stronger through community, through research, strength in numbers, and in anonymity. Internet points mean nothing to me and I’m happy to forever remain anonymous. + +&#x200B; + +**First, if you aren’t familiar with the Citadel Cycle Swap Theory, or need a refresher**, go read my posted titled [Citadel swap cycles, Headphones, the meme basket, and the tombstone tweet. A detailed look at how we got here.](https://www.reddit.com/r/Superstonk/comments/vn0kyi/citadel_swap_cycles_headphones_the_meme_basket/) "MEME STOCK" = Popcorn. At the time (due to my first post??) even "popcorn" was banned. The rest of this post will make a lot more sense and the read doesn’t take too long. + +Seriously, you’re doom scrolling Superstonk New upvoting purple circles, go spend a few minutes and read it. + +**Then go check out my short update on August 9th** [REVISITED: Citadel Cycle swaps and RC 11 dimensional chess. Recent action hints I was right?](https://www.reddit.com/r/Superstonk/comments/wkhitl/revisited_citadel_cycle_swaps_and_rc_11/) for a fascinating “in the moment” read on what was about to happen, and my call on BBBY. + +I apologize for the term “meme” but im lazy and for this post it works. I detest the MSM use of the term. + +# Tinfoil moon hats strapped on? Buckled up? Let's jump in! + +**Scientific Method** + +*noun* + +1. a method of research in which a problem is identified, relevant data are gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested. + +&#x200B; + +https://i.redd.it/yngxh0n8nfq91.gif + +In other words, we have a problem: **The major market participants and regulators as a whole are complicit in criminal market manipulation to destroy companies and profit.** + +I’ve gathered the relevant data from Citadel’s own reporting and used readily available market capitalization data to spot a unique pattern. + +Next, we need a hypothesis to test. + +The hypothesis as outlined in my previous posts: + +1. **Citadel (among other market participants) are involved in large off the official books swaps involving GME, Popcorn, BBBY, EXPR, KOSS, BB, and NOK. Ryan Cohen knows this.** +2. RC Ventures has made two large GME stock purchases, each time causing these swaps with popcorn to flip against Citadel. Approximately 133 days after the first swap flip against Citadel, we had the January 2021 sneeze. +3. **August 15th 2022 was approximately 133 days after the swaps flipped against Citadel for the second time. Therefore, these stocks should spike and/or act oddly the week of August 15th 2022.** This spike or odd behavior should be less than Jan ’21 because RC ventures purchase was only 1.6% of the company vs 9.6% in August 2020. + +\----------------------------- + +**THE TEST PART I: SHOW ME THE DATA** + +Pictures are worth a thousand words: here are stock prices, last 3 months for GME, popcorn, BBBY, and KOSS all spiking exactly as predicted: + +https://preview.redd.it/0bnypf9fnfq91.jpg?width=1125&format=pjpg&auto=webp&s=fb69da195ac82717b7beaff6360e3922e5f7eb87 + +&#x200B; + +https://preview.redd.it/4y01qrsonfq91.jpg?width=1125&format=pjpg&auto=webp&s=1843e221a5ceab5858494a31319ec2316a17617a + +&#x200B; + +https://preview.redd.it/wo5duy6qnfq91.jpg?width=1125&format=pjpg&auto=webp&s=b139313e50c793e151b1341f52b601605059ba4e + +&#x200B; + +https://preview.redd.it/do4ngdpsnfq91.jpg?width=1125&format=pjpg&auto=webp&s=61d0b8e2abf14e37c94b1cb23ad7e9e4ffdffc6b + +And my favorite because no one is talking about EXPR, anywhere. It just magically follows and no one would be the aware if it’s buy button wasn’t removed in Jan ’21. + +&#x200B; + +https://preview.redd.it/cnkh2dxtnfq91.jpg?width=1125&format=pjpg&auto=webp&s=f120f9dbcca2a7426c29d001c726e747da33db8c + +Those are some very volatile yet coordinated jumps across a unique set of stocks. It seems like they are pulling up the entire market: + +&#x200B; + +https://preview.redd.it/0lcltravnfq91.jpg?width=1125&format=pjpg&auto=webp&s=ba49ff58d1816fc20b47befefa8eb0a754a72c49 + +&#x200B; + +https://preview.redd.it/fsqxxf6wnfq91.jpg?width=1125&format=pjpg&auto=webp&s=5a46434556e2378bc8274e53fe4bcc8660b137e4 + +&#x200B; + +https://preview.redd.it/5423mi3xnfq91.jpg?width=1125&format=pjpg&auto=webp&s=8d61999940aed0cdee35d09cbb0c970a1b319d5c + +Note: Crypto starts crashing on Saturday August 13th. Liquidity? HKD can only go so far (keep reading for the HKD tie-in) + +&#x200B; + +https://preview.redd.it/vphsky90ofq91.jpg?width=1125&format=pjpg&auto=webp&s=069f5d41ee37ed24933f61fa81183caa2d8618ee + +&#x200B; + +https://preview.redd.it/nigq20b1ofq91.jpg?width=1125&format=pjpg&auto=webp&s=6121912eae31d500499b9c37cf09f6dba1212a59 + +**THE TEST PART II: RC KNOWS** + +**A key piece of the hypothesis is RC’s awareness of these swaps and is making financial moves and communicating via twitter based on this knowledge.** + +[August 16 and 17th RC sells entire BBBY position for $68.1M profit.](https://www.thestreet.com/memestocks/other-memes/ryan-cohen-made-a-very-profitable-trade-with-bed-bath-beyond-stock#:~:text=GameStop%20Chairman%20and%20activist%20investor,after%20the%20news%20was%20released.&text=Ryan%20Cohen%20sold%20all%20of,halting%20the%20BBBY%20meme%20rally) This sale then causes the entire stock market to crash /s + +# Or + +It took nearly three weeks for Citadel and company to swallow the load and we appear to be back on the same algo downward slope as before that August micro sneeze. + +RC ventures has made four declared financial transactions, two GME purchases (technically August 2020 was two purchases 5,800,000 shares and 415,326 making it five total declarations), one BBBY purchase, and one BBBY sale. + +The two GME purchases led to sneezes and the only sale occurred during the second of these sneezes. I lost several nights sleep debating investing in BBBY options after my post in June, I didn’t. However, I think it was a win win for RC. He either gets what he wants from BBBY and can fight Citadel on two fronts, or he pulls the rip cord during the inevitable sneeze. He just needs to know which path within the 133 days. These are my own opinions and, I for one, am happy to see that gain porn! + +**RC knows. Warren Icahn knows.** + +\--------------------------------------- + +**CONCLUSION: HYPOTHESIS IS CORRECT, SWAPS EXIST AND MANIPULATE THE MARKET** + +>Both times RC ventures has made GME purchases, the swaps with popcorn flip against Citadel, and approximately 133 days later all hell breaks loose! To my knowledge, no other theory, or TA projecting this behavior. + +\------------------------------- + +# SO WHAT? Why does the Citadel Cycle Swap Theory matter? + +&#x200B; + +>**It means there are tens or hundreds of millions, maybe billions, of synthetic shares in the market.** +> +>**It means we must HODL! Patience is on our side** +> +>**It means that RC is watching and will strike at exactly the right time.** +> +>**However, for it to be the right time, we must first DRS.** + +&#x200B; + +https://preview.redd.it/7m67i817ofq91.png?width=940&format=png&auto=webp&s=47f730aec3e426134e73bf7a282bee1ffaac3a33 + +—————— + +Thank you for reading. At this time, please slowly and carefully remove your tinfoil moon hat and set it down. Close your eyes. Take a deep breath. Exhale. Breath slowly. Think about what you just read for a minute or...ten. + +**This theory actually isn’t crazy.** + +1. I’ve shown the numbers. +2. u/criand has posted dozens of amazing DD posts. [Go read everything he/she/it/they/them/etc has written here](https://www.reddit.com/user/Criand/submitted/) +3. [September 21st the SEC met to discuss swaps](https://www.reddit.com/r/Superstonk/comments/xil14x/interesting_discussion_going_on_september_21st/) + 1. Credit to u/French_Fry_Not_Pizza + 2. Take special note of the second paragraph: + 3. “**where investor holds long positions in corporate debt** \[GME stock\] **but also larger positions short positions via swaps** \[take my popcorn, i’ll take your GME and sell it short\].” + 4. That sounds exactly like Citadel Cycle Swap theory. Am I the only one? +4. Actually no, because this is exactly what [ARCHEGOS](https://en.wikipedia.org/wiki/Archegos_Capital_Management) was doing. +5. [What does the CFTC, swaps, and the number 741 have in common?](https://www.reddit.com/r/Superstonk/comments/xnz7f8/found_741_its_the_swaps_code_from_doddfrank_act/) + 1. Credit to u/edwinbarnesc  +6. [Boom](https://www.reddit.com/r/Superstonk/comments/xogeng/the_big_swap_those_who_do_not_learn_from_history/) + 1. Credit to u/Kikanbase  + +# BONUS tinfoil hat time: + +Remember that whole HKD thing? That was weird, really weird. Here it is to help refresh your memory: + +&#x200B; + +https://preview.redd.it/p8y6zd8bofq91.jpg?width=1125&format=pjpg&auto=webp&s=e80f25710647b3fde223549a6a45d7613bea36f9 + +It peaked August 2nd and returned to \~$200 on August 9th. If someone sold lots of HKD August 2nd and 3rd, trade settles August 4th or Friday August 5th. + +Monday August 8th pre-market and intraday spikes on all the meme stocks with huge volume. Go look at the charts above and the REVISIT post linked at the top. + +**GME Peaked August 8th:** + +https://preview.redd.it/9f5er65eofq91.jpg?width=1125&format=pjpg&auto=webp&s=e58834784a17f07ef3839d74c2cb55b58c7daf24 + +[And RC tweeted this](https://twitter.com/ryancohen/status/1557541659323248640) + +&#x200B; + +https://preview.redd.it/gla43ymgofq91.png?width=1186&format=png&auto=webp&s=e985374c01bca28656a07082c7b9ceb7e80a86c4 + +# Coincidence? Debate in the comments. +1. What advantage does a firm gain by buying its own stock back? Is it simply about gaining back voting power? Or is there a fiscal reason for it? +2. When a major corporation does a stock buyback (e.g., [Boeing's buyback reported here](https://www.cnbc.com/2018/12/17/boeing-raises-its-dividend-20percent-boosts-buyback-plan-to-20-billion.html)), is that stock controlled by the legal entity called _Boeing_, or is it controlled by certain major shareholders/board members? +3. What effect do a lot of stock buybacks have on the market more broadly? +*⚜️I am NOT a financial advisor and this is NOT financial advice. If you read this post and still YOLO into DOGE, I wish you hella profit. Your success will never affect mine.⚜️* + +I’ve seen a lot of members in this sub argue back and forth why Dogecoin is a good investment. + +I’ve even seen a user state “Dogecoin will be #2 soon. People literally don’t understand the value of memes. Humor will never get old nor go out of style”. + +Now before the Doge army downvotes me into oblivion, let me explain myself. + +Bitcoin has a supply limit. No coins can ever be added above 21 million, so it is considered a good store of value. Unlike Bitcoin, Dogecoin is inflationary and has no supply limit. Each minute, 10,000 Doge is added into the network. At this rate, miners add more than 5 billion coins per year.   + +Think about that. Each minute, 10,000 DOGE have to be bought just to keep it at the same price. + +Now I know what you might be thinking; Doge is only $0.45, that only equals $4500 per minute! What you do not think about, though, is the fact that this crypto has no utility. Yes, it can be spent, and yes, it is pumped by Elon Musk and Mark Cuban. But other than that, it really isn’t utilized. You know why every person I know is invested into it in the first place? To make money. That’s it. + +To compare, let’s take the US Dollar. This sub knows that the USD has been a much less than optimal store of value over the years. Let’s compare the inflation rates to Dogecoin. + +From 1913-2021, the US Dollar has had an average inflation rate of 3.10%. (Has been MUCH worse since COVID, but that’s besides the point.) + +With Dogecoin’s supply addition protocol, the inflation rate over the past years has been 4.68%. Now of course the set amount added is static, so theoretically the inflation rate would decrease over time, but this is still less than optimal. + +I made this post to protect the new ones entering this space and being attempted to throw a substantial amount into DOGE. If your goal is to make a long term investment, look elsewhere. + +Now don’t get it twisted; I’ve made money from DOGE too. But it is a short term interest coin and a pump and dump coin - I believe it should be treated as such. + +Lastly, this isn’t a comparison to any other coin. I’m just providing a bit of information to those new members who flock to any coin shilled to them. + +I wish you all the best, and please research coins before you throw money into them. + +Cheers🐶 + +*Edit 1: I did this to save people from a risky investment. I didn’t say DOGE was a bad short term investment, just a bad long term investment. If you can ride the hype and make money, why wouldn’t you do that?? I just provided some tokenomics :)* + +*Edit 2: Read some of these comments. People have insulted me, insulted my intelligence, said I was just jealous, called me a liar, etc. I’ve also received multiple threats from people both posted on here and sent to me privately. I still wish the best for these people and truly hope they get to a better place mentally, regardless of how much money is at stake...* +I bought my first property this week! +Nothing special just a 1 bedroom apartment. +The best part about it isn’t even ‘owning a home’. +It’s the feeling that I no longer need to feel anxious that all of my disposable income needs to go towards saving for my deposit. +I can actually set a ‘normal’ budget that meets my mortgage and my bills and now I can now take that holiday without guilt, go out for that nice dinner knowing I’m still building something. +I really do feel like there’s a hidden cost to the economy in this way from house prices. +Either way very happy. +Just need to write this down somewhere, because this year has been pretty nuts. + +Jan 1 Net worth was 3.4M, today is 5.2M. Low point was 2.8M in March at the bottom of the pandemic pull back. + +Income was a huge contributor of course. Our fatFIRE number has been 6M for quite some time, I never imaged we’d be able to close this much of the gap in a single year. + +There’s no way we’re pulling the trigger for years, but this run up has made me feel like we’re going to make it. + +Yeah, yeah brag post. I can’t talk to friends an family about this, need to unload. +Im trying to find something that can compare multiple ETFs together to show overlap... however the popular one that is often recommended here can only evaluate 2 funds at a time: (this is the one I’m referring to: https://www.etfrc.com/funds/overlap.php) + +I’m trying to clean up my portfolio and have 7 ETFs currently, so I’d have to run it 21 times to get all of the combinations - and then paste the info in a database/spreadsheet. Instead of doing that manually I’m hoping something can do the overlap comparison on all 7 at once. + +Thanks! +Anyone here who has a high net worth, but lives a pretty normal middle or slightly upper middle class lifestyle? How do you navigate that with your friend group (who are probably not millionaires themselves)? + +Or, did you find a friend group of other under-the-radar millionaires? How did you stumble on to that kind of community? + +I inherited my money, but we grew up with a very standard middle class lifestyle. We had an unassuming house and dad drove a used Subaru -- I had no idea we/I had money until I was 18. And to this day I live a pretty much the same 'normal' life. + +Most of my friends are professionals who do just fine, but they don't have the wealth that I have. I'm not interested in a lot of "rich people things" (cars, luxury trips, boats, big houses, watches, etc.), so I generally jive best who aren't into those things either -- which means I have friends with normal professional- (but far, far away from executive-)class incomes. + +So, it makes me a little uncomfortable sometimes when casual, honest conversation makes it relevant to mention "the inheritance" (topics of travel, how much to save for retirement, how I walked away from one career without any sort of employment parachute to start a new career in a new field, etc.). I know that's my own personal issue and probably doesn't bother them in the slightest (I try not to be a jerk about it), but it's something that crosses my mind. + +Anyone else in a similar situation? +Dear all, + +I am not sure that my post fits into this sub. If not, please let me know, which sub fits better. + +I (44, NW 15 Mio EUR, Annual income 300 K EUR, SVP, Germany) have now used Covid to optimize work life balance. I negotiated that I will work from home forever. Ok, I could fire now, but my colleagues are fun. + +Consequently, I have gained total freedom, as nobody can see how much I work, only results count. Luckily, I have to put in less hours than my colleagues to get the same result. I work 30 hours per week now to spent the rest of my time with my 2 yo son and my wife. + +For political reasons however, I need to maintain the image of the hard working corporate soldier. Our corporate culture is a bit outdated. + +I do that by sending pre written emails quite late and quite early, intentionally. Do you have any other advice how to convince the world that I put in many many hours? + +Input would be appreciated. + +Thank you very much. + +&#x200B; + +&#x200B; + +Edit: Wow, I did not expect tso many reactions. Thanks for the award and all the positive thoughts. + +Below a selection of my favorites: + + + +\*Scheduled emails and „telephone calls“,meetings at the :15 and :45 time periods at slightly (though not crazy) off hours + +\*Appear busy -- have a booked calendar always and don't be immediately available to meet + +\*Be stoic or unhappy most of the time; The correct answers to "how are you doing?" are "busy" or "very busy" + +\*Reach out to lots of different people in your organization for simple, small projects. Easy wins that get your name out there. + +\*Always take your vacation during busy times. When the rest of the company is on vacation you're "working hard” on "some project" (nothing) + +\*Be responsive but not too responsive + +\*Buy a mouse jiggler + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +1. Financial independence is being what to do what you want with your time, when you want it and how you want it. it’s not about getting rich +2. Saving does not require any reason or objective. Do it mindlessly - you’ll thank yourself later +3. As your income grows don’t upgrade your lifestyle proportionately. +4. Aggressive saving is more rewarding than aggressive investing/trading. It has way better risk/reward payoff +5. Black swans will occur no matter how ignorant you are of them. + +I think it’s a simple book that everyone must read. Even if you don’t agree to everything it says (for example, I save aggressively AND invest aggressively) it will still give you a good perspective +While Bonfire is busy making Newsweek and crashing past a **$200M market cap**, take a look at the charts and tell me you’re not bullish on Saturna right now. After exploding out to a **$15M market cap** within 6 hours, Saturna is **retesting that ATH** just two days later and looks primed to pump with some **whale buys coming at the top.** + +The chart looks absolutely bullish and with all of your favorite shitcoins like SafeMars and Pig blasting off again, there’s a ton of money that’s going to wash into Saturna soon, especially once the FOMO buys start kicking in. + +After all, if you look at the **Bonfire** chart from when it started, it **took four days** before it really started to take off. Saturna is **mimicking the same price action**, only at a faster rate which makes sense since BSC only moves faster and faster. It would really only make sense if Saturna started to go parabolic again faster as well. + +Having **hit 5,000 holders just this morning and moving past 7,000 already**, there is a wave of news still waiting for Saturna. Whitepaper is due soon, audits are about to roll in from TechRate and Solidity, big TikTok influencers are about to deliver, with several more developments in store at the 10,000 holder mark. + +With the community pushes towards the next milestone, you can go ahead and consider 3,000 more holders to be guaranteed. With a community of 10,000 in just a few days, the potential for Saturna is hard to fully grasp, especially in a couple of weeks when all the listings really begin to hit and the masses storm on in. + +Don’t let this be another moonshot you let go right by your eyes. DYOR, see the polish on every corner of this project, and keep enjoying those reflection taxes. This is the best way to **100x your stack** by the end of the bull run. + +Website - [saturna.co/](https://saturna.co/) + +Telegram - [t.me/saturna\_TG](https://t.me/saturna_TG) + +PancakeSwap - [exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) + +Contract - 0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44 +[https://www.cnbc.com/2021/03/06/covid-stimulus-update-senate-passes-1point9-trillion-relief-bill.html](https://www.cnbc.com/2021/03/06/covid-stimulus-update-senate-passes-1point9-trillion-relief-bill.html) + +&#x200B; + +The US Senate just passed the 1.9T pandemic relief bill after negotiating with a centrist Democrat for the final vote to break the 50-50 tie. + +After a month of a downtrend in equities, on Friday, markets rallied into the green. I expect that this bill will likely be a catalyst that kicks markets off next week further into green territory as more households, especially those who are making less than 70k per year can anticipate a 1400 check in the coming weeks. + + +In response to a recent post about financial education in schooling system. + +If everyone were perfectly financially literate (i.e. [r/ausfinance](https://www.reddit.com/r/ausfinance/) levels) and lived by the barefoot investor (the [r/ausfinance](https://www.reddit.com/r/ausfinance/) bible), Australia would be economically stuffed. + +Retailers would be broke, interest rates would be rock bottom, ETFs will be struggling to find value add investments in Australia as they will have too much money, property prices will shoot through the roof. + +Our economy is built off the back of poor financial decisions. +Project is fully renounced and there are no developer wallets = NO RUG TO PULL +Yeet reached a 3 million market cap in 2 hours, 7.8+ million 17 hours later. 17m+ an hour ago +Yeet’s trajectory is even better than Bonfire so far + + +Be honest, most of these things aren't built to last that long, but that doesn't mean you can't 10x, 30x or even 70x with these babies on the regular. We’ve all seen several memecoins this week go 10-30x, and those aren't even the best ones. All you really need is a solid group, a great smart-contract, and big hype - we can bring this to the table, and give you plenty of opportunities to multiply your investment several times over. +I won't promise you to plant a tree for every buy order or to clean up the entire ocean - these things are meant to be YEETED. This is our mission. + +*'So why even yeet?'* +Unlike other tokens in this space, Yeet doesn’t heavily penalize you for trading it or holding, instead the token has cleverly been optimized to yeet. +DYOR: This token cannot be rugged or controlled in any way by the team or anyone else once launched - we don’t even have a wallet, literally all of it goes to the presale supply and the locked LP, dev has to buy-in like everyone else. Sniff the code, do whatever you have to do, and you’ll see that we’re in it for the yeet. + +[TOKEN SPECS] +👉1,000,000,000,000,000 Starting Supply 🔥50% Pre-burn 🔥 +🕳6% per Transaction = 💧4% Back to LP + 🌽 2% Reflection to holders (4% LP so we won’t dry up when we're mooning, moderate reflection to yeet even harder) + + +Proof of fully Renounced Ownership: +https://bscscan.com/tx/0x5eeef8ebc2a336f4770f0b069cf40699885e837b7ce90720c8cd495ba464e9ec + +Whitepaper: https://pdfhost.io/v/VlJMvYYUj_YeetToken_Whitepaper.pdf + +Join us! We are a decentralized community. Each one of our socials were created and owned by non-devs, aka the community. The original creators of Yeet only control the Telegram. + + +Socials: +Telegram (4500+): https://t.me/YeetTokenOfficial +https://www.reddit.com/r/YeetTokenOfficial/ +https://discord.gg/jfBBRCgr +https://twitter.com/yeettoken_hq +https://www.instagram.com/yeettoken/ +PancakeSwap: [Buy on PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7060d3f1cc70a07f4768560b9d9b692ac29244de) + +Website: https://YeetToken.com +***** + +Edit: Oookay so I guess that gained a whole lot more traction than expected. + +A couple things... One, this wasn't intended to be a lecture, but more of a need to get something off my chest. It came from seeing a handful of comments of the type I mentioned in the post. You're right, the majority were not like that at all, however its something I felt should be addressed, no matter how many or few comments were made. + +Two, your anger, fear and otherwise negative feelings are completely valid and my heart goes out to you. I'm not trying to excuse anyone or justify their predatory behaviors. All I'm saying is calls for violence or disrespecting someone else's human condition is something I cannot and will not abide. + +Three, I'm not a moral compass and I'm not trying to be looked at as one. I just wanted to vent and I'm actually a little uncomfortable with how much attention this has gotten. I deeply appreciate the kind words and support. You weirdos are fucking beautiful. As for the awards, they're super neat and thank you, but please use the money for literally anything else. + +I'm gonna get back to twerking and boosting morale in the daily chat but before I go I want to make a special statement to the person who told me to stop being compassionate to those who don't give a fuck about me. + +"No, I don't think I will." +💚 + +***** + +Damn dude. I really fucking love this community. + +That said, I want to take a minute and have a very real conversation about the ugly side of it. + +The comments section of the post about the police blocking off the road has been fucking me up. Guys we can and should be better than this. I'm glad this was nothing in the end and that everyone is safe. But there's a very real possibility that lives could be lost from this. + +Thats not a joke. Thats not a fucking meme. Those are fathers, sons, mothers, daughters etc. Maybe they're not yours, but they are family. They are human beings. I'll say that again, we are all human beings, on both sides of this. We are human beings. + +"Jumpers" are a very real thing. Its been seen throughout the financial world over the years in times like these. Sometimes it's a quick escape. Sometimes it's a final act of control over a life thats been stripped of it. + +But be it desperation or bravado, you do not get to fucking judge them and you certainly do not get to mock or laugh at them or hope that this happens. Shame on you. + +Now, I love each and every one of you, but be fucking better. And "no dancing". These are real fucking lives. + +We don't laugh from balconies with champagne glasses as lives are ruined. We know what its like on the other side of that. Remember? + +Have empathy. We are all human(apes), let's start to prove it. + +💚 +I had put aside \~£50k in the UK over the last couple of years to buy a house. + +However, due to COVID, my life circumstances have changed and I left the UK to temporarily relocate to Italy. + +I will probably relocate by next winter to Switzerland and I need to decide what to do with this money. + +I am not very knowledgeable when it comes to the market and investments, however, I do know that in Switzerland there is tax exemption on the stock market with only a minimum capital tax being applied. + +My question is, given that I would like that money not to be eaten by inflation or sitting still in my UK account, what options do I have? + +* Keep them in my UK bank account and invest there (what would be the benefit to keep them in the UK? What are tax implications if I am a Swiss resident). +* Transfer them to a Swiss bank account (will probably lose a \~£500 fee in the process if I move the money with TransferWise) + +I know these are really broad questions, but I would like to have an idea of where to move them, and then: + +&#x200B; + +* What to invest them into? I am risk-averse and haven't built up a pension pot yet (I am in my early 30s), happy to have that amount invested for 5-10 years, but would be helpful to be able to access it in case of extreme emergency. +* I would love to invest in a property, but from my initial understanding Swiss market is quite prohibitive and a lot of people never join the housing ladder and rent for life. +* Buying in Italy would be equally tricky as I wouldn't know the local market and not sure I want to get into that level of bureaucracy. +* Buying in UK at this point is out of the question as I would need a mortgage, which I wouldn't probably qualify for if I move out (also housing price is really inflated considering the quality of built). +My username says it all really, from november 2014 to january 2015 I manually sent $1 worth of Bitcoin to more than 1000 random reddit users (using /r/changetip bot, sadly no longer operational). + +Back then a Bitcoin cost about $300 so I guess I should now change my username to Random170DollarTip ... + +Spent about 2 Bitcoin on this little operation, don't regret a thing! + +Original post from 6 years ago: +https://www.reddit.com/r/Bitcoin/comments/2s9le1/i_have_tipped_1_each_to_1000_people_on_reddit/ + +EDIT: +Added a few comments I got after tipping people. + +"Thank you for introducing me to BitCoin." + +"do people even care about cryptocurrency anymore?" + +"And why??" + +"Cool, thanks! What is it?" + +"Keep your fucking spam in /r/shitcoin, a**hole." + +"That's cool! thanks!" + +"Man, the bitcoin guys are getting desperate." + +"thanks!" + +EDIT 2: +WOW, thank you all for your kind words, I am truly humbled! A quote comes to mind that seems fitting: + +"Give and you shall receive, much more than you ever thought possible. Give and give again. Keep hoping, keep trying, keep giving! People who give will never be poor!” - Anne Frank + + And way to go /u/displaybeats, looking forward to reading your story a few years from now. :-) +I need advice and resources. His mom is moving to Florida with her new husband and baby. I won custody and am looking for advice and resources to help and make a low income father's life more manageable. Anything helps, thanks for the replies. +Didn't expect this to blow up like it did. Thanks to everyone who replied. I really appreciate the support. +Anything RE related is devolving into a vent and blame session rather than a discussion of investing. + +This is an investor sub and RE topics get very little genuine investing discussion. I get it- I’m a millennial too and know things are rough for many. + +This will definitely be unpopular….cue the angry posts! +I'm ashamed of myself of how good I have gotten at stealing food. I don't like to do it but sometimes it is necessary and the people at the self checkout seem to always be busy that they don't see me not scan a couple of items or scan 1 vegetable when I have 3 in a bag. + +The $10 or so dollars I save every time I can use toward gas or paying my bills and it adds up. I save about an extra $30-$40 a month and while I know it's embarrassing and shameful I do it because of my financial situation +I have put up a few Uranium and Uranium company DD posts previously - so for more company specific and sector performance feel free to look through post history. But for the influx of new members and the growing interest in the **Emerging Uranium Bull Market** I have compiled an updated summarised post - including key stats, charts and diagrams for easy reading. + + The post will cover a brief background on Uranium & Nuclear Energy, then dive into the gaps between **demand** and **supply**, Inventory, how **covid** has affected production, the **bear case,** how the **ASX is performing** and a **rocket rating** of the top picks on the bottom. It is a long post, but for anyone remotely interested, it's important to know all the info. + +# Uranium Background + +Uranium is primarily used in nuclear reactors for energy & electricity generation through splitting atoms - fission chain reactors - to heat water to produce steam to power turbines. There is also a large use in research reactors for production of medical and industrial isotopes and training as well as over 160 ships (mostly submarines) and counting are propelled by nuclear reactors. + +* Nuclear power is the **LOWEST** non-carbon operating cost per MWh fuel source +* Nuclear energy provides reliable base load power and accounts for **11%** **of total global electricity** +* Nuclear is rapidly being recognised by more and more countries as a **contributor to a low carbon future** \- one of the **lowest sources of carbon emissions** +* **Waste** is dense and low in total volume, BUT is now being utilised in advanced reactor technologies. +* **Inventory** built up since Fukushima is near exhausted +* The Uranium sector offers **exceptional asymmetric risk/reward** +* Growing interest in **Small Modular Reactors (SMRs**) in Canada, Scandinavian Asia and Middle east as well as using SMRs for mass **hydrogen** generation through electrolysis. +* Electricity demand will likely **double** over next two decades as result of influx of **Electric vehicles alone🔋🚗** \- sourcing the energy is biggest challenge. **\*ELON MUSK** has been quoted "Given the wind doesn't always blow, nuclear power may be necessary to meet tomorrow's electricity needs". + +[Nuclear Fuel Value chain \(\~2yr process from mine to reactor\)](https://preview.redd.it/pa5s04vzxcg61.png?width=1150&format=png&auto=webp&s=50dc863abe754742a32fd66a5687b7f5f0b3d9d6) + +# Demand - it’s increasing + +* Industry is driven by energy and electricity consumption which continues to rise yr-on-yr +* Strong Uranium demand growth +* As of 2020 **177Mlb (million pounds) required to fuel the** +* **442 operating reactors** **wordwide** – providing **11%** of worlds electricity +* Further **56 under construction** globally +* China building **14 new** reactors this year with further 41 planned over next 15yrs +* Further **108 reactors planned** for construction globally after 2020 +* US announced life extension of 12x reactors planned for decommissioing starting end 2021 +* Japan recently announced they are approving reactors shutdown since Fukushima to begin restart plans to meet 2030 zero carbon emissions +* **USA in 2020 announced Nuclear fuel fund for strategic resupply of Uranium stockpiles** + +**By Country:** + +* · **France** – depends on 78% of electrical production from nuclear with 56 operating reactors +* · **USA** – 20% of elect production with 94 operable reactors +* · **Canada** has 19 reactors for 15% with life extension under way for 30-35yrs to phase out coal +* · **Russia** – 38 reactors for 20% elect with 4 new under construction and **11 new plants by 2030** +* · **China** – 49 reactors with plan to build further 14 under construction and 41 planned **per their 2020 Energy Development Strategy** – with the impetus for developing new nuclear power for need to improve urban air quality +* India – 22 reactors for 3% elect supply with further 7 under construction +* **220 Research reactors** **in 50 countries** with more under construction. Production of medical and industrial isotopes and training. +* Over **160 ships (submarines** and air-craft carriers) propelled by some 200 reactors + +So that’s demand. It’s set and its increasing as the world’s energy and electricity demands increase and as Green Governance Policy is introduced to reduce carbon emissions. + +[Reactors under construction & planned \*as of October 2020](https://preview.redd.it/ultoyw8izcg61.png?width=1014&format=png&auto=webp&s=9c2dd10b23c5e7f1ca0ac0b6520ac83ade3b6696) + +# Supply - it's been decreasing, further accelerated due to COVID + +Since 2016, global supply of Uranium has been decreasing. This is due to sustained low uranium prices that have led to supply cuts (mines shutin) and small companies closed. + +* Mines were **scheduled to supply 135Mlb** in 2020 (demand was 177Mlb) with the rest coming from secondary supply and inventory drawdown. +* Due to covid this was **reduced to 115Mlb** +* The **two biggest uranium producers** (Kazataprom and Cameco) began closing mines in 2016 + * Cameco closed Rabbit Lake in 2016 + * Suspended McArthur River in 2018 (\~18Mlb/annum) + * Cigar lake suspended (due to Covid – see next section) +* **Kazahkstan** is the **world’s largest supplier** of uranium – they have actively been reducing production and in 2020 announced a continued **20% reduction for three years** – purely because of the low price. +* Kazataprom has openly stated they **will not replace the lbs of lost production** as it is not in their best interest to produce their finite resource at the lower Uranium prices. +* **Several of world's largest mines** will **cease production over coming years** starting with + * Australia's Ranger mine closed in Dec 2020 permanently + * Niger's Cominak mine closing this quarter +* Paladin’s Langer Heinrich was suspended in May 2018 + +https://preview.redd.it/njy4jeruzcg61.png?width=1152&format=png&auto=webp&s=cea8f888e98fcb6dda25f0fd1382a2d40c594ce5 + +https://preview.redd.it/0flf1kpj2dg61.png?width=903&format=png&auto=webp&s=382376cda735bb149ef6faf785cdadc99fe10135 + +# COVID Impact + +Further to the planned production shut-in and closures, **COVID has accelerated the looming supply shortage** with even greater production cuts and mine closures. + +* **Cameco** closed its Cigar Lake mine in Canada due to risk to a Native population. 18Mlb/yr mine closed indefinitely \*\*\***Production guidance due Feb 11th 2021** +* **Kazakhstan** in march 2020 announced suspension of pre-drilling ops. As they mine they have to drill ahead. **10Mlb/yr reduction in 2020 supply**. They drill 3-months ahead of where they are mining from which is halting production now (Aug/Sep 2020) + * Kazataprom having now 128 workers out of 666 at their Katco mines now return positive result for covid. i.e. **1 in 5 workers infected with covid** \- will likely lead to mine closure or limitation of future works if not brought under control. +* Namibia suspended **Rossing** and **Husab** mines on **28th-March 2020** +* Approx. 20Mlb hit to mine supply (135Mlb to 115Mlb coming out of mine in 2020 and dropping by about 5Mlb/month as each month of covid restrictions continues) +* **Accelerating the commercial inventory supply drawdown.** + +# Inventory + +Inventory (storage by utility companies, traders, and governments) has been drawn down year-on-year since 2014. +**COVID has exacerbated the drawdown in 2020 from 35Mlb to 50Mlb (still calc final yr figure)** + +* Utility companies (the reactor operators supplying electricity) **tend to hold 2-2.5 years of inventory** supply – they HAVE to have the guarantee of fuel for reactors. VERY costly to shutdown a reactor due to no fuel rod supply +* Additional **cold war / weaponry strategic inventory** of \~240Mlb in US and 360Mlb in Russia +* US has utility inventory of 110Mlb (2019) which is just over 2yrs supply to fuel their reactors (\~50Mlb/yr consumption) +* Kazataprom holds usually 6months of supply, though are down to less than 3months – i.e. they will build up own inventory first. \*announced they need to buy on spot market to make up lost supply. +* **China has no home-land uranium production**, but some of the **highest uranium demand**. They have \~400Mlb-425Mlb held by China and that will **not be for sale to the market**. +* **Russia** has a national industry policy to market their expertise – to build nuclear power plants for other countries. As part of that deal, they agreed to **supply all the fuel for the plants for the life of the plant**. Their inventory, though not widely shared is expected to be around 260-300Mlb though they need that inventory for future demand obligations + +In summary, a lot of lbs in inventory are just not available to be sold and will not be made available to the market. + +The **Market is in supply deficit and is using inventory to fill the gap between supply and demand**. The inventory is at record lows globally. + +# Market Outlook + +* Growing uranium **mine supply gap** to nuclear power demand + * On the back of COVID, **unplanned supply disruptions** has **further increased the gap** between the supply deficit. +* **Rapidly growing electricity demand** \- further propped up by **influx of electric vehicles and** government policies for reducing carbon emmisions with clean power targets + * Strong reactor build demand – especially china, India, middle east, EU \*and now US again +* Producers have been **cutting production since 2016** + * Decisions by many producers, including the lowest-cost producers, have been made to preserve long-term value by leaving Uranium in the ground -->increasing the number of supply disruptions. +* **Storage inventory** reducing and most of what is left won’t be sold into the market +* **Uranium spot price** has performed strongly year-to-date up from lows of US$23 to US$30 +* Uranium contract coverage in US declines markedly from 2022-2023, down to less than 50% by 2024 +* Further risk to supply from ongoing COVID disruptions + +**Who is going to supply commercial inventory?** + +There is no chance that primary (mined) + secondary (recycled) supply can meet consumption. That is even accounting for shut-in capacity coming back online right now – which won’t happen. + +So new projects HAVE to get started. + +* **Open pit mining** is where big volumes come from – all take atleast **2.5 to 3 years to build** and couple years to permit and prove to utility companies they have a high-grade product. +* **In-situ recovery (ISR)** (pump acid down, pump dissolved minerals back to surface) is the new age of uranium and mineral mining and is more cost effective for mine development. +* Due to sustained low prices since 2013 the **industry has not been invested in for last 7-8years**. +* No real capital has come in to replace **depleting assets** for close to decade now. i.e. **there is no backlog of projects that can come on-stream in a few years.** +* Nuclear reactor plants have been constructed but no investment into the mines and producers + +# The Spot Price + +Most uranium (>70%) is bought through long term contracts by utilities (nuclear power plants) from the producers (miners, enriches and rod suppliers). These contracts are for enriched uranium supply from 5-14years! i.e. Utilities need to guarantee they can supply their reactors. + +The **spot price usually reflects 20-25% lower price than long term contracts**. + +It has held flat around **$US30/lb for last 6 months** (up from US$23 Jan 2020). + +The last couple months (dec -> Jan 2021) the price has stayed flat on **near to no volume moved**. There was just over **500,000 lbs traded in December** which is just traders passing it back and forth. + + This indicates **when real volume buying comes in**, the thinness of the spot market shows itself and **spot price will move upward pretty substantially** and sometimes pretty quickly too. + +Both **Cameco & kazataprom** (the two world's largest Uranium producers) have announced they have been and **will have to buy more volume on the spot market** in **coming months** to meet their contracted **supply requirements** and **make up for the lost production** from closed in mines. + +It is expected that the spot price will hang around this area until these volumes come in - **\*\*likely March 2021, potentially late Feb.** + +There is no real downside in the spot market, unless there is a major liquidity event. + +# Bear Case - can we make one? + +https://preview.redd.it/6dprosms7dg61.png?width=1005&format=png&auto=webp&s=1bef1599078ca1080af7133f3fe9e2cff2e3299e + +# ASX Uranium Company Performance + +Of 16 companies being tracked on ASX, the top 10 have returned an average of 169% since 1st Sep 2020. The most significant gains have come since start of December 2020. + +[ASX Uranium Company Performance Since 1st Sep 2020 to Feb 8th 2021](https://preview.redd.it/6xog7ocqbdg61.png?width=1546&format=png&auto=webp&s=3a4e5eb8f0dc64d2cd5468f15f8c8bb6a61d9a16) + +**My Top Picks** (\*disclosure: i am not a financial adviser, this is not advice) + +[Hold time of 2-3years to ride the cycle](https://preview.redd.it/mq2jutzxcdg61.png?width=1220&format=png&auto=webp&s=6297237b61e282a6ffc37cde8a1a8deee8170eb4) + +**\*Update.** I bought Bannerman (BMN) last week at $0.12/share and will participate in upcoming capital raise if SPP offered. BMN new rocket rating upgraded to 4.5x🚀 + +https://preview.redd.it/gkutwn5wcdg61.png?width=1250&format=png&auto=webp&s=a3fb5ef05bade5c6fa4e023458580c9a3abdbebc + +**Key things to watch in coming weeks** + +* 11th Feb - Cameco announces updated **production guidance targets for 2021** and impact of covid on 2020 results +* **Large volume buying of spot market** from Cameco, Kazataprom and others late feb to Mid March +* **Global X Uranium ETF** (NYSE:URA) buying up new positions in BMN, LOT, PEN and 7 others as announced per part of their ETF re-balancing last week. +* Updates from US on strategy forward on **Uranium Strategic Supply Arrangements** + + **TL:DR** Uranium is in a significant supply deficit with next 12-18months proving inevitable supply gap coupled with increasing demand as world governments look to reducing carbon emissions and electricity and energy demand increases. + +Uranium Market has almost "officially" entered the new Uranium bull market cycle and the upwards potential has never been higher. There is an asymmetrical reward/risk unfolding. + +Uranium Market 📈🚀💰 May radioactive☢ Tendies🍗 have you glowing with glee (and 3 testies) + **Benefits of NFT tickets include:** + +&#x200B; + +* **Preventing scams and fake tickets**: The blockchain provides a single source of truth for both organisers and ticket holders. The transfer of NFTs from initial sale to any subsequent resale is recorded immutably on the blockchain, so all parties involved can easily verify the authenticity of the ticket. Even cooler, in cases where resale of tickets is strictly forbidden, NFTs can be programmed as non-transferrable, so they physically cannot be moved to another buyer. +* **Perpetual revenue:** As programmable digital assets NFTs can have built-in rules for resales, merchandise, content and royalty splits. This means that the organiser can determine profit sharing percentages for any future resales or downstream creative content on secondary markets, and reliably receive these funds knowing they are unalterable within the NFT’s coding. +* **New revenue opportunities:** NFTs put tickets into the realm of programmable money, opening up unlimited potential for new revenue opportunities. For example resale of NFT tickets as **collectables,** using NFT tickets as a gateway for giving food and drink deals, even rewarding super fans who have collected a certain number of event tickets. + +Over the past year the NFT tickets have gained more attention in the crypto space. I have compiled extensive list of developers, investors, financial instintutions, ticketing companies and NBA owners that have advocated the benefits of NFT ticketing + + **Mark Cuban – Entrepreneur, shark and owner of the Dallas Mavericks** + +&#x200B; + +https://preview.redd.it/mxtowrn4r7g81.png?width=632&format=png&auto=webp&s=b136df5f401c2b96e18ec2f730ed8be90dea1f01 + + **Gary Vaynerchuk - CEO of** **Vaynermedia**\*\*, Creator of veefriends\*\* + +&#x200B; + +https://preview.redd.it/racoxoa7r7g81.png?width=512&format=png&auto=webp&s=4ee1e8dacce4aa177bbd5e6acc8d28655a9b0324 + + **Jack Groetzinger – CEO Seatgeek** + +&#x200B; + +https://preview.redd.it/r6mrqrz9r7g81.png?width=359&format=png&auto=webp&s=543bcc908a9595bb1ef6b0b6833bbc6dc9e39c83 + + **Ted Leonsis – owner of NBA's Wizards, the NHL's Capitals, the WNBA's Washington Mystics** + +&#x200B; + +https://preview.redd.it/nqdc3s0dr7g81.png?width=944&format=png&auto=webp&s=46fdacbdeac0f0fdadf1d7bd6830464e947398e2 + + + +**Barry Ritholtz – co-founder of Ritholtz wealth mangement – 2 billions usd under management** + +&#x200B; + +https://preview.redd.it/1uni3sggr7g81.png?width=455&format=png&auto=webp&s=58315aa34030c765c62263b73d3f3c42e46bb86a + + **Coinmarketcap** + +&#x200B; + +https://preview.redd.it/xf645lvjr7g81.png?width=474&format=png&auto=webp&s=9302749976153bc70298effdbf755c363ee2afaa + + **Bankless** \- Carly Reilly + +&#x200B; + +https://preview.redd.it/echesa5nr7g81.png?width=368&format=png&auto=webp&s=c76733e2e6cbf65ff0111c1169b11684092f364f + + **Grayscale - Worlds largest crypto asset manager** + +&#x200B; + +https://preview.redd.it/cm2bja5sr7g81.png?width=945&format=png&auto=webp&s=6bb50d036090b6c5a289655e11ddf6e1ea76758e + +**Snoop Dogg** + +&#x200B; + +https://preview.redd.it/rmk8d86xt7g81.png?width=316&format=png&auto=webp&s=56140160d688037f9c2628ee1b8e116ed059f09f + +&#x200B; + + **Vitalik Buterin - co-founder Ethereum** + +&#x200B; + +https://preview.redd.it/4wp0jpcvr7g81.png?width=345&format=png&auto=webp&s=ebbf9385fc7040321fd62d505f9cd75261b30675 +I’m trying to grasp if billionaires actually pose a significant impact on the working class. On the consumer side I wouldn’t think they would trigger much inflation outside of stocks since their consumption for food, cars etc. are similar to a working class consumer. Perhaps on the income side they cause a suppression of wages by extracting excess value but wouldn’t competition generally minimize that excess? What am I missing or is there no fundamental problem with billionaires? +Looks like inflation is about to get a whole lot worse before it gets better. If I can actually afford to invest anything, I'm going to be hedging against the pound. Maybe I'll start investing in wood burners as well /s. + +Full article from the [FT](https://www.ft.com/content/778e65e1-6ec5-4fd7-98d5-9d701eb29567): + +UK inflation is on course to hit 18.6 per cent in January — the highest peak in almost half a century — because of soaring wholesale gas prices, according to a new forecast from Citigroup based on the latest market prices. + +The investment bank predicted that the country’s retail energy price cap — which limits how much households pay for heating and electricity — would be raised to £4,567 in January and then £5,816 in April, compared with the current level of £1,971 a year. It added that the shifts would lead to inflation “entering the stratosphere”. + +“We now expect CPI inflation to peak at over 18 per cent in January,” said Benjamin Nabarro, chief UK economist at Citi. That would be higher than the peak of inflation after the second Opec oil shock of 1979 when CPI reached 17.8 per cent, according to estimates from the Office for National Statistics. + +Such a rate of inflation would squeeze household incomes hard and further push the UK economy into recession, but Nabarro said the scale of the likely inflation would push the Bank of England to tighten monetary policy further. + +UK and European wholesale natural gas prices are already trading at close to 10 times normal levels and other forecasters have also raised their inflation predictions. + +Goldman Sachs and EY said they expected an inflation rate of at least 15 per cent around the start of next year and the Bank of England said this month that inflation would exceed 13 per cent towards the end of the year. + +The energy regulator Ofgem will on Friday announce the energy price cap for the period between October and January, which most analysts expect to rise to more than £3,500 for a household with average usage of energy — an increase of 75 per cent on current levels. + +Based on the latest wholesale costs, Citi expects a higher figure for the fourth quarter of £3,717 with forecasts for 2023 looking to be “substantially greater”. + +Nabarro said Citi’s new forecasts had taken account of a 25 per cent increase in wholesale gas prices last week and a 7 per cent rise in wholesale electricity prices. + +“Even with the economy softening, last week’s data reaffirmed the continued risk of pass through from headline inflation into wage and domestic price setting could accelerate,” he said. +Whilst at university I applied for and recieved a 20k interest free loan as part of a help the poor uni students out scheme to be paid back in full within 10 years. I popped the 20k in a high interest savings account the whole time, repayed the 20k and kept the profit. Its a scum bag move but I figure it didn't hurt anyone or break any laws. +I was really hoping that this week would be a rebound week for me but if it keeps up like this I'm gonna loose all my profits from the shenanigans of web. All my penny's are down and options are so negative its making me sick. Anyone else feeling the struggle? +This feeling has been building up in me for a while... and peaked this week. + +I've done a degree in applied finance and have a good grasp of economics and complex financial instruments. Another degree in accounting so can understand company financials and fundamentals. Worked as a (commercial) business analyst for 5 years and gained good experience looking at companies and market trends. Read company reports and keep up to date with announcements from companies I'm invested in. Perform technical analyses for favourable entry & exit prices. Only managed an average of 11% over the last few years. + +My friends bought dogecoin cos "it's funny"... 400% return in less than a month + +Why do I bother? +It goes against years of finance education, but you gotta have some skin in the game right? Hope you apes are right! Bought on IEX for $138.805. + +https://i.redd.it/coamjyk9zoy61.gif +"Most strategies require only high school math" vs "If you don't understand Stochastic Calculus, Advanced Probability Theory, Linear Algebra, Machine Learning, Finance, Econometrics, etc. then you may as well give up" +"As long as you can problem solve, firms don't care about your education background" vs "if you don't have a PhD in a hard science, just give up" +"TA is snake oil" vs "TA shows market psychology" +"All the alpha is in alternative data, price series is just random noise" vs "Price series is enough for most alpha" +"Focus on creating the most realistic backtesting engine, the rest is easy" vs. "Focus on developing alpha, the rest is easy" +"You will never beat the big guys because they have better execution, lower latency, and insider information" vs "with smaller market capitalizations, retail algotraders can find alpha too small to allocate to for the big guys" +"Read books as a starting point" vs "Sorry bud, don't bother reading books because author's won't reveal any alpha, you have to figure it out on your own" +"Understand programming and math first, the finance comes after" vs "Finance is the most important part, the programming and math comes after" +"RenTec hires the best and brightest, so that's why they perform so well" vs "Insider Trading" +"It's impossible for retail to consistently be profitable, any profits are because of luck, algotrading is just a hobby" vs "I live off my algotrading system" +We are getting bids on building a 5k sq ft house in a flyover Midwestern city (population = sub-500k). They are coming back at $300+ per sq ft. + +Including the lot and landscaping, we’ll be pushing $400 sq ft. This is almost 2x of what I was hoping to spend. + +What are new home construction costs in your area? +I realize you can't definitively answer a question proving a negative but this was something I really believed would happen 25 years ago. I thought the industries with low barriers to entry would be dominated by worker co-ops. +Yes, I know 50 million tons of steel export is a lot, but comparatively, the Chinese *aren't exporting* almost a billion tons which I'd just logically assume are bought and used in China's domestic markets. Is this just the pace of Chinese constructions? Is this to support the concrete usage on the scale of "China used more concrete in 3 years than the US used in the entire 20th century" ? This just seems like an insane number to me. + +I got my numbers from [Wikipedia](https://en.m.wikipedia.org/wiki/List_of_countries_by_steel_production). Correct me if I'm misinterpreting things or if I posted in the wrong sub (hopefully point me to the right sub). +Surely this achieves all of the benefits of bailing the companies out, without the disadvantage of effectively just handing over millions of pounds to private investors and still allowing them to reap the benefits. +I am paraphrasing here and forgive me if I am misinterpreting, but it seems that the common wisdom of increasing traffic lanes for a busy highway is that it would result in more/same traffic because it induces demand for cars to travel on the highway. + +Wouldn’t that same principle apply for increasing housing supply in a city? As in, it would eventually induce demand and thus lead to a point where housing prices do not decrease, similar to a busy highway? + +Help me understand the difference here. +The discourse in the daily is a bit ridiculous TBH, newbies are constantly entering the market while things are green and it is scary AF to see all your value plummet the first few times. + +It doesn't help anyone to scold newbies asking about the bear market and I'm constantly seeing shit like "well if you need your money back soon you shouldn't be investing in crypto". Even if that's true, there are plenty of nicer ways to say it and we don't need to be driving away newbies who will ultimately help grow the market. We are all in this together, that is the whole point of decentralized finance. +This opportunity ends by the end of October, however I have never invested in I bonds before. Is it a wise play to put a $K in? What would that look like if I sold at the end of next year? Or would continuing to place money in the stock market be the wiser choice during this period in time? + +Asking because of how little I understand bonds. + +Rock on! + +[https://www.cnbc.com/2022/05/02/i-bonds-to-deliver-a-record-9point62percent-interest-for-the-next-six-months.html](https://www.cnbc.com/2022/05/02/i-bonds-to-deliver-a-record-9point62percent-interest-for-the-next-six-months.html) + *Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch. Also, full disclosure, I hold a net long position in GME, but my cost basis is very low, and I'm using money I can absolutely lose. My capital at risk and tolerance for risk generally is likely substantially different than yours.* + +Wow, what a week. All I'll say on that for now. I'll maybe do a recap of Friday at some point this weekend if I can. + +For this post, rather than a narrative recap, I'll go into some very light technical analysis on a couple of screenshots from TD Ameritrade Thinkorswim and Ortex. I don't have a lot of time to go very deep into everything I normally do, but I wanted to give the newer traders an example of how I go about coming to some of my conclusions. + +Some of the conclusions I came to in the heat of the moment in my previous posts may also not stand up to more rigorous scrutiny of the data. In my opinion, at least, it's very important to ensure that you go back and review any of your high conviction trades from time to time. Please feel free to use the charts I'll show to challenge some of the assumptions I may have made and written about while watching the live ticker tape action, social media, and other high-frequency sentiment indicators (things I might rely on for a hyper-realtime momentum monster trade like GME has been this past week). Maybe use them to challenge your own thoughts and assumptions as well. + +I realized while doing this that writing those prior articles probably cost me \~$300k in momentum trade opportunity LOL, since I used all of my free non-trading hour time to write instead of do an even more in-depth version of what I'm going to show you now. That being said, if that writing helped any of you understand what was going on, and ultimately progress on your way to becoming better traders and investors, that to me is well worth it--maybe one day you too can pay it forward! + +If any of you reading this are chart jockeys, please share some tips if you have them. + +First, the charts (links since pics aren't allowed on this sub) + +1. [Ortex Short Interest Data](https://u.teknik.io/oSTxt.png) +2. [Daily Summary of the Week](https://u.teknik.io/7lF58.PNG) +3. [1/26/2021 Mini Squeeze Hourly](https://u.teknik.io/QHqt2.PNG) +4. [1/28/2021 to 1/29/2021 Fibonacci Retracement](https://u.teknik.io/VoiPc.PNG) + +# Fundamentals - Ortex Short Interest + +First, lots of questions on the prior post about Short Interest remaining on GME so I'll start with this one. Looks good to me. I think Ortex will update end of trading Friday data just before/around Monday market open. I consider this chart to convey mostly fundamental data, as the underlying value thesis behind the recent push by retail traders has at least recently been about the squeeze. This is the type of data you'd use to try to analyze data about the security being traded. Note that most pro traders would not consider short interest to be a 'fundamental ' attribute, and normally I'd agree, but I think GME and maybe some of the other high SI plays are an exception to that. + +If any of you are inclined to feel jumpy about the diving lines on the chart, make sure to look at the axis values on the left. The chart is calibrated to capture the movement over the period, so the bottom of the axes are not 0. + +A few things to note: + +1. Short interest drops substantially from 1/26 into 1/27 +2. Volume is shrinking +3. Remaining free float on loan has gone down, but at 66% as of Thursday, is still quite high + +# Overview - Daily Chart & Summary of the Week + +A few things going on here + +1. The big volume days on Friday, Monday, and Tuesday are when it seems to me that the greatest retail momentum would have occurred. The battles were pretty intense at key price points if you take a closer look at those intra-day charts. +2. Big picture here, what it tells me is that many if not most of the retail share volume was acquired at or below $148 on huge volume. That means the core of your retail support, and the majority of shares in WSB diamond hands would have been bought probably between the $30 and $148 price range. My guess is that Only DFV the DFV early acolytes, Dr. Burry, and the institutional holders have meaningful volume below $30. +3. Given points 1 and 2, I'd consider the $148 price level as the critical defense level of your earliest, hardest retail support. You can dive deeper into the 1/26 trading day and possibly make a case for other levels as well, but I'll roll with that for now. +4. Ok, so maybe the Melvin guys weren't really lying. The Ortex data showing short interest drop from 1/26 to 1/27 coinciding with the massive and sudden price dislocation upward on 1/27. +5. If new shorts entered the game it would have been near the highs, possibly selling into the forced buying of what I'll just assume was the overnight Melvin squeeze and into the early market hours on 1/28. Possibly aggressive momentum shorting on top of the Robin Hood BS, the bots, and the networking issues came together in a perfect storm with that HFT ladder attack on the vertical dive. Wow--no wonder that thing was so intense. +6. As you can see on that downside wick on 1/28, the huge momentum briefly pierced the Retail line before being slammed back up. We'll take a closer look in the fibonacci chart. + +# Analysis - Mini Squeeze Hourly + +Just a few notes. I checked and the after hours volume here was sudden, quite unusual, and pretty consistent with a forced liquidation of a substantial position. Rather than slamming it all out at once, the broker spread it out quite a bit. Some takeaways: + +1. If you wanted to take money from Melvin, this was the chance, and a lot of people (or a few whales) certainly did. The numbers in my summary were very quick mental math of the hourly volumes in overnight trading +2. The price didn't break away as aggressively as it probably could have, which means there was some carefully calibrated pre-planning to unload a bunch of shares, laddering up to the $350 level. +3. I am genuinely sorry to have to conclude, therefore, that the WSB bros with the $420.00 limit got scooped. Something on the order of 17 million shares worth of Melvin dollars got cashed out under them by a HFT whale with access to firehose shares at Melvin's broker all the way through overnight trading. few retail even have the ability to trade for that entire window, and certainly not on the order of 17 million shares anyway. +4. Another important takeaway: 17 million shares is a lot, but it's nowhere near the entire original SI in GME. The Game hasn't necessarily Stopped yet (heh). + +# Technical Analysis - 1/28 to 1/29 Fibonacci Retracement + +For those of you who are unfamiliar with what traders call "technical analysis", it's really just a fancy set of words to say looking at squiggly lines, bars, etc. on charts to try to figure out what's going on. + +One particularly popular tool is called a fibonacci retracement. It sounds a lot fancier than it is, but it is extremely useful, and extremely commonly used by momentum traders (which is partly why it's useful--if everyone is trading off of the same thing, it's a self-reinforcing bias in the market). There is a lot of background reading you can do on the topic--I recommend it. You'll be a better trader and even investor for it, as it tends to be useful even on longer timeframe charts. Kind of uncanny really. + +Looking at this chart I realize I probably should have plotted the 'retail line of defense' here too. Oh well, maybe next time. + +Takeaways: + +1. I figured the relevant trading range going forward was peak euphoria to peak despair in regular trading on relatively good volume. That happened to be the top to bottom move on the Robin Hood news. +2. Using that for the fibonacci retracement, you can see how much of the trading action bounces around between the various levels before settling in scarily accurately into the 50% - 61.8% channel in after hours trading. +3. it's quite possible that short-term equilibrium on this battleground stock is $300 to $350 until either side makes a strong push. Price was trapped in that range toward the end of normal trading on relatively good volume. +4. Probably a bunch of momentum traders drew exactly this retracement (or something very similar) for their rest of day trading after the floor got put in near the retail line of defense. In all honesty it's hard to say if the tool works because of some fundamental reason or because everyone uses it so everyone times their momentum plays off the same playbook, making it self-reinforcing. All that matters in the end is that it works pretty consistently once you get used to working with it. +5. Below the price graph, pay attention to the volume bars below. It's especially critical when trading momentum to understand the relationship between share volume and price, as there are patterns that are more likely to play out depending on the relationship. For example, when price is moving around a lot, is it doing so on high volume or not much volume? +6. Traders tend to overshoot a little on each push, so even if price ultimately drops lower after an upside spike, if the volume on that drop is low compared to the upward push, that actually tells you that it's likely to go higher a little later on. There are many sites that go more in depth into this kind of thing (patterns, volume and price analysis, etc.), and it is incredibly useful to try to understand what to take away from price and volume movement as you watch it unfold live. + +Lots more going on here, but this post is getting pretty long already. + +# Other Takeaways + +* The whales in the pond obviously do their homework (that's how they got to be that big, after all), and they were therefore prepared to act decisively to unload 17 million shares at the upper end of the trading range when Melvin got blown up. That's how you make big bank on big volume--do your homework. +* My thesis in the [part 2 article](https://www.reddit.com/r/investing/comments/l6xc8l/gamestop_big_picture_the_short_singularity_pt_2/) that the big early drop before retail pre-market was a short-side scare tactic could very well be totally wrong. You could make a case either way that it was a new short-side player diving in at a higher price point, a long-side whale making bank, or a combo of both. if you check the Ortex data against the numbers here you can probably come up with an order of magnitude educated estimate. If so, apologies to the CNBC Squawk Box crew--probably no factual inaccuracies in your reporting (though the tone did make a lot of retail panic) +* Ironically, it might very well have been the continued unwinding of Melvin's short position that intercepted the panic drop into premarket rather than a long-side heavy hitter. LOL. +* Thursday afternoon and Friday were low volume, low-conviction momentum sloshing around. Dueling HFT algos and momentum traders trying to scalp alpha from each other is my guess. +* Contract expiration may cause a price dislocation into the new trading week, so I'm not sure the fibonacci retracement chart is still useful. +* I'm sure if I go back over my previous articles and compare to the chart data more carefully I'll find all kinds of other inconsistencies with my realtime thoughts. It's key when trading, at least in my opinion, that you are willing, able, and indeed eager to go back and rethink your assumptions, no matter how much you liked them. Challenge and verify with data whenever possible. Not doing that is how Melvin got blown up, after all. +* My worst case scenario thesis in the [part 3 article](https://www.reddit.com/r/investing/comments/l7qlfh/gamestop_big_picture_the_short_singularity_pt_3/) may still be valid depending on the total amount of short interest loading up into GME at these newer highs. I remember hearing some fund manager talking about shorting GME at the $400 as a stabilization mechanism. Wow.. short something with the most hyper volatility of any $1bn+ stock I've ever heard of... for stability. That's not a word I'd ever associate with a WSB meme momentum rollercoaster stock. +* An infinity squeeze is still totally on the table, as long as sufficient short interest remains. The strategy and tactics you'd use to get there may have to be different though, as price ratchets up into higher bands. I'll keep those thoughts to myself--for sure those WSB guys have a plan. They've proven to be scary effective so far after all. + +There are other things you can take away, or theses you can come up with from these and other charts you may have access to. Hopefully, for you newer traders I've given you a useful glimpse into how I might try to use readily available data to improve/challenge/refine a working thesis to ensure I'm better prepared for the days ahead. You should find the tools that seem to work best for you. + +Hope you all have a good weekend. See you on the field on Monday. +I’m sure this will get buried among the many posts today, but it bears repeating: short-term fluctuations in the stock market are *short-term*. The fact that the market is down right now does not affect your long-term investment outlook, as stocks are a long-term game. If you sell now, you will lose out on the rebound, just as my parents did during the financial crisis of 2008/2009. You do not want to sell now unless you are selling as part of your financial planning objectives that you have identified long before the whole Coronavirus panic hit. + +Edit: this did not, in fact, get buried among the other posts today. RIP my inbox + +Edit2: to answer some common questions: + +1. “Is now a good time to invest?” - that’s a weighted question, and not one I can answer directly. There are many factors to determine whether or not it’s a good time to invest. Please refer to the wiki for investing resources to see if now is a good time for you to invest. + +2. “Should I be reallocating from stocks to bonds now?” - as mentioned above, reallocations should be evaluated as part of your overall retirement strategy. A reallocation is basically selling some investments and buying others in place of those you sold; as such, it is generally unwise to reallocate in response to a single event and should really be done as part of your strategy towards retirement (e.g. reallocating from stocks to bonds as you get older to limit risk exposure). + +3. “Will xxxxx affect me?” - I don’t know. Although I am a financial professional, if you have any questions relating to your particular circumstances, you should seek out a financial professional outside of Reddit or refer to the wiki in this sub for specific information. + +4. “What if you’re close to retirement? Should I sell?” - if you’re close to retirement, the general financial planning consensus is that you should not have a significant percentage of your wealth in equities. Example allocations would be anywhere from 80/20 or 90/10 bonds to equities. If you have any more than 20% equities and are close to retirement, yes you should probably think about reallocating to bonds, but not because of this recent stock market panic. Again, please consider speaking to a financial professional or using the sub’s wiki for additional info. +As a fairly new Economist, I’d love to see the career progression of others! I’ll start: + +2018: B.Sc. Accounting and Finance + +2018 - 2019: Audit Associate (Big4) $59,500 plus $3,000 bonus + +*cue career change because I was interested in climate change* + +2022: M.Sc. Environmental Economics + +2022 to Present: Economist (Government) $85,000 +Recently, I posted here asking if landlords are bad (or just what purpose they serve in the housing market), and I linked anti-landlord videos from anarchist YouTuber Thought Slime. A quote from their second video has been banging around in my head for days now: + +"most economists are parasites that believe whatever neoliberal bullshit the Chicago school tells them to" + +I don't imagine most people here would agree that economists are "parasites." But I'm interested in the Chicago school's influence on the discipline and whether that aspect of TS's quote has any truth to it. IIRC, the Chicago school was either started or popularized by Milton Friedman, and many of Friedman's policy ideas have been discredited by further research. I'm not sure how important they are today, but it doesn't seem like they have outsized importance in modern economics compared to, say, Keynesianism. + +If anybody can give a general idea of what Chicago school ideas are still relevant or academically accepted today, I would love that. +I'm a 17 year old dude going into my freshman year of college next year. I've worked both in econometrics research and, to some extent, with machine learning. I initially thought I was just going to major in econ, but a double major in compsci is looking more and more intriguing. Here's my question: how fast is AI being integrated into econometrics/econ? Is doing so a bit of a dead end? Will AI take over the field at some point? + +From what I've read, the only roadblock to fusing AI and econ is incorporating causal inference into more prediction-focused AI (the economist Susan Athey seems to be the biggest proponent of this idea). What interests me more, though, and what I maybe want to pursue a PhD in, is using deep reinforcement learning to optimize policy outcomes. The basic idea is similar to what OpenAI has done to beat competitive Chess players; by viewing the economy as a game, we can run that game over and over again and eventually learn what policies lead to the best outcomes (eg: ideal tax rates). Here's a Harvard/Salesforce paper that recently did this: [https://ui.adsabs.harvard.edu/abs/2020arXiv200413332Z/abstract](https://ui.adsabs.harvard.edu/abs/2020arXiv200413332Z/abstract). Those optimization algorithms seem extremely oversimplified and not grounded in reality, though. +Last week I posted [My Problem with Wealthsimple's "Socially Responsible" Portfolio](https://www.reddit.com/r/CanadianInvestor/comments/f6hxtk/my_problem_with_weathsimples_socially_responsible/) and linked to [my blog](https://medium.com/@voshart/wealth-stupid-772699ab25b). My post sparked lots of discussion. It also sparked a [DMCA takedown notice](https://lumendatabase.org/notices/20144497) by the Director of Legal at *Wealthsimple* of a photoshopped image of their CEO (see below). + +TLDR my problem: the "socially responsible" portfolio had far more fossil fuel than renewable holdings. It also contains five of the big six tobacco companies. The subject of the DMCA takedown was the parody drawing of Mike Katchen smoking a cigarette in front of the Fort McMurray tar sands. + +Updated (incomplete) tally of the **CRBN**, **XEN** and **VIDI** ETF holdings there are: + +* 53 Fossil fuel holdings +* 10 tobacco holdings +* 6 majority renewable holdings + +**PZD** ETF seems legit. no complaints there. + +**NOTE (Feb 26):** [Reddit user may have found list of new holdings](https://www.reddit.com/r/CanadianInvestor/comments/f9depr/wealthsimple_files_dmca_notice_against_my/fisu6vq). No confirmation from WS. + +Responding to a DMCA takedown requires submitting my address in my response (or hiring a lawyer and using theirs). As a frugal, privacy-concerned citizen of Canada I don't want to do that. I have decided to blur the parody image of Mike and hope to resolve the dispute directly with *Wealthsimple* via the communications person who first asked me to removed the "owned asset". + +From a commonly cited page on [Fair Use by *Stanford University*](https://fairuse.stanford.edu/overview/fair-use/what-is-fair-use/). Emphasis mine. + +>Parody +> +>**A parody is a work that ridicules another**, usually well-known work, by imitating it in a comic way. Judges understand that, by its nature, parody demands some taking from the original work being parodied. **Unlike other forms of fair use, a fairly extensive use of the original work is permitted in a parody in order to “conjure up” the original**. + +A comparison: + +https://preview.redd.it/w2vmrrebr3j41.jpg?width=900&format=pjpg&auto=webp&s=7c8d002f0246eb1e8265e0583e4befc2f94f854f + +Anyways, thought I would keep you informed. I learned a lot from last week's comments. Even learned from the people who thought I was naive! (I kinda agree with them) +My partner and I (32 years old with one child) were really lucky to purchase a home in an “up and coming” area a few years ago. We’ve been paying on it pretty aggressively and its value has increased significantly. If we sold right now, we would likely be making a $200k profit on it. + +The way we see it, we have three options: + +Option A: Take the $200k and use it as our down payment on a more expensive home in our dream area. Property values have been steadily increasing in this area, but at a much more modest rate than our current area. + +Option B: Take the $200k and combine it with some of our savings to pay cash on a $250k condo in a nice area (not our dream spot, but also not terrible), allowing us to invest/save the majority of our income. Property values in the condos have been pretty flat over the last ten years. +*** With this option, we could either sell the condo down the road or rent it out and purchase a second home for ourselves. + +Option C: Hang on to our home and see what happens. We’d continue to build equity and our house could very well continue to appreciate in value. At the same time, we’d run the risk of missing our home’s peak sale price. + +What would you recommend? Is there another option we’re missing? I really appreciate any insight, thoughts, or perspectives you might have! +Dont freak out. + +It happens to the best of us. + +Log off, take a break. + +Today's not the day to stare at your screen (aleast not for now) + +Catch you on the moon + +Edit: Thank you for all the awards! + +Edit 2: Thank you for more awards! This has gotten crazy lol +**I’m not crying, you are.** + +Just caught the livestream where the Happy dev **doxxed himself** and then immediately donated **$20,000** to fund a bunch of kids to go to camp with other children like themselves who’ve lost parents.... As something I went through myself growing up, I know *exactly* how much a support group could have helped because there are few experiences as isolating as losing a pillar in your life. + +**If you didn’t catch it, check it out here**: [https://www.twitch.tv/videos/998388884](https://www.twitch.tv/videos/998388884) + +**Experience Camps** was the first donation for HappyCoin and it looks like a great one as they brought on nine members of their team in a **Zoom call** during the Twitch stream to watch the money roll in and celebrate its arrival. A truly moving moment for those of us who are looking for the bright side of the recent crash and are wondering about what the meme market means. + +When it allows for degens like us to *actually* make good in the world, it **truly** makes this bull run even more special as we *reinvent the cash games* we play to have purpose behind them. Currently rising with the **news hitting like a ton of bricks**, understand that the **$20M market cap value** this token currently holds is truly only the **beginning**. + +There hasn’t been another charity token with this much success this quickly, and with another **$20,000 going out the door next Friday**, HappyCoin will continue **changing lives**, on pace to **deliver $1,000,000 to mental health organizations by next year**. + +How sweet is that? + +But for our moonboys out there, *don’t fret*, there’s more than just heart here. There are a number of partnerships on the way, **potential CEX listing** right around the corner from what I can tell, and **influencer marketing** is only going to ramp up from here with the legitimacy of a verifiable charitable donation on record. + +**Don’t miss out** on what can be both a life-changing experience for you as well as those we help with the 5% reflection both aiding all **20,000 holders** (in less than a week) and the **3% charity wallet** simultaneously. + +So I’m going to keep cutting up my onions while you make the **happiest decision** of your life and get in on the absolute ground floor of a coin with a brand that has staying power. Don’t be surprised if you see your ***favourite celebrity*** or mainstream outlet reporting on this one next :) + +👉 [Website](https://www.thehappycoin.co/) + +👉 [Twitter](https://twitter.com/the_happy_coin) + +👉 [Instagram](https://www.instagram.com/the_happy_coin/) + +👉 [Telegram](https://t.me/happy_coinTG)👉 [Discord](http://www.discord.gg/happycoin) + +👉 [Pancakeswap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D)👉 [Chart](https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) +**I’m not crying, you are.** + +Just caught the livestream where the Happy dev **doxxed himself** and then immediately donated **$20,000** to fund a bunch of kids to go to camp with other children like themselves who’ve lost parents.... As something I went through myself growing up, I know *exactly* how much a support group could have helped because there are few experiences as isolating as losing a pillar in your life. + +**If you didn’t catch it, check it out here**: [https://www.twitch.tv/videos/998388884](https://www.twitch.tv/videos/998388884) + +**Experience Camps** was the first donation for HappyCoin and it looks like a great one as they brought on nine members of their team in a **Zoom call** during the Twitch stream to watch the money roll in and celebrate its arrival. A truly moving moment for those of us who are looking for the bright side of the recent crash and are wondering about what the meme market means. + +When it allows for degens like us to *actually* make good in the world, it **truly** makes this bull run even more special as we *reinvent the cash games* we play to have purpose behind them. Currently rising with the **news hitting like a ton of bricks**, understand that the **$20M market cap value** this token currently holds is truly only the **beginning**. + +There hasn’t been another charity token with this much success this quickly, and with another **$20,000 going out the door next Friday**, HappyCoin will continue **changing lives**, on pace to **deliver $1,000,000 to mental health organizations by next year**. + +How sweet is that? + +But for our moonboys out there, *don’t fret*, there’s more than just heart here. There are a number of partnerships on the way, **potential CEX listing** right around the corner from what I can tell, and **influencer marketing** is only going to ramp up from here with the legitimacy of a verifiable charitable donation on record. + +**Don’t miss out** on what can be both a life-changing experience for you as well as those we help with the 5% reflection both aiding all **20,000 holders** (in less than a week) and the **3% charity wallet** simultaneously. + +So I’m going to keep cutting up my onions while you make the **happiest decision** of your life and get in on the absolute ground floor of a coin with a brand that has staying power. Don’t be surprised if you see your ***favourite celebrity*** or mainstream outlet reporting on this one next :) + +👉 [Website](https://www.thehappycoin.co/) + +👉 [Twitter](https://twitter.com/the_happy_coin) + +👉 [Instagram](https://www.instagram.com/the_happy_coin/) + +👉 [Telegram](https://t.me/happy_coinTG)👉 [Discord](http://www.discord.gg/happycoin) + +👉 [Pancakeswap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D)👉 [Chart](https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) +I want to preface this post by saying I don’t have a specific question—it’s more of an appreciation post. + +I’m a recent college graduate (first-generation) and I come from a low-income family. To put it in perspective, I’ll be making more than double my parents combined income my first year out of college. My parents stressed going to college, working hard, and being a good person, but I didn’t learn anything about money. As someone who doesn’t come from wealth, this sub has given me a “look behind the curtains” and allowed me to learn soooooooo much, pertaining to both career and financial. There have been so many (probably insignificant to the fat members) posts/comments that have just made me go “Wow, I had no idea.” + +I’m sure I can speak on behalf of others and just say that this community has been beyond helpful to me. Very sincerely, thank you to everyone who just engages on a daily basis! I’ll go back to lurking now... +Train and test your fighting skills against a variety of different opponents in deadly, no rules, hand-to-token combat. + +Baki Inu is the first-of-its-kind, “Tokentainment” project launching on the Binance Smart Chain. Taking inspiration from the beloved Baki the Grappler manga and anime series, Baki Inu is introducing an entirely new asset class focused on high-voltage entertainment and strong community bonds. 🏋️🏋️🏋️ + +**Community** + +🏯 Anime watch parties in the Telegram voice and video chat + +🏋️ Community voting on which anime to watch next + +⚡️ Live discussions about Baki and other fan favourite anime series + +**Tokenomics** + +🥊 Fighters Fee: 14% + +💪 4% Buyback + +💦 4% Liquidity + +⚡️ 4% BUSD Reflection + +🏋️ 2% Marketing wallet + +Baki Inu is just the first Tokentainment project - we are confident Baki will start a wave of this new kind of asset class. It will be a glorious ride, so come in and check it out! + +🥊 We are launching today! 🥊 + +⚡️Enter the underground arena in the Telegram Tokyo Dome below if you dare!⚡️ + +📱 Telegram: @BakiInuOfficial +🐦 Twitter.com/bakiinuBSC +🌐 www.bakiinu.com +📸 @BakiInuBSC +[CA proposes 25% tax on real estate investors](https://www.nbcsandiego.com/news/local/california-lawmaker-proposes-25-tax-on-real-estate-investors-to-level-playing-field/2890895/?amp) + + +What are your thoughts? + +EDIT: [Text of the proposed bill](https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB1771) + +Based on what I read, it sounds like this will impact those doing 1031 exchanges as well. Let me know if you interpret it differently…. + +“The California Housing Speculation Act: income taxes: capital gains: sale or exchange of qualified asset: housing. + +The Personal Income Tax Law and Corporation Tax Law impose taxes upon income, including income generated from any gain from the sale or exchange of a capital asset. + +This bill would, for taxable years beginning on or after January 1, 2023, impose an additional 25% tax on that portion of a qualified taxpayer’s net capital gain from the sale or exchange of a qualified asset, as defined. The bill would reduce those taxes depending on how many years has passed since the qualified taxpayer’s initial purchase of the qualified asset. The bill would create the Speculation Recapture Community Reinvestment Fund and would deposit the revenues received as a result of this increase in tax in the fund. The bill would require the Franchise Tax Board, upon appropriation by the Legislature, to allocate moneys in the fund, as described. + +This bill would include a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIII A of the California Constitution, and thus would require for passage the approval of 2/3 of the membership of each house of the Legislature. + +This bill would take effect immediately as a tax levy. +In 2019, the US federal, state, and local governments spent about 36% of GDP. In France, it was about 56%. Yes, France has universal health care, on which it spends about 11% of GDP, but government spending on health care in the US is about 7% of GDP, plus the US spends about 1.5% of GDP more on its military than France does. So together these two factors explain about 2.5 out of 20 percentage points. + +France doesn't have a UBI, and to the best of my knowledge they have more or less the same kinds of welfare programs that the US has; why is spending as a share of GDP so much higher? + +Finland, Belgium, and Denmark also had government spending in excess of 50% of GDP in 2018, so if anyone is more familiar with the situation in those countries, I would be just as interested in an answer based on one of them. Denmark might be even more of a mystery, since it's more comparable to the US in terms of unemployment and GDP per capita. + +Specifically I'm asking about the late 2010s, after recovery from the Great Recession but before COVID-19 spending got ramped up. +Easiest litmus test in the world. Tell me what a company is expected to ***earn, bottom line*** (free cash flow, net diluted earnings, owner earnings, or discounted cash flow) in the next 10 years, using the companies historical data, logical reasoning, and qualitative observations about company franchise and industry prospects, *without ever incorporating price into the analysis*. + +Can't do that? You're using price to arrive at value. Also known as speculating on crowd behavior, or the [Keynesian Beauty Contest](https://en.wikipedia.org/wiki/Keynesian_beauty_contest). +We’re in a position where we would love to make the jump over to an EV because it is clearly, far and away the better option in almost every category except price. + +We are struggling with the absolutely ridiculous entry price of ~$60k to 80k for an EV that is even remotely useful for a young growing family, and dismayed at the fact that some larger car companies seem to have given Australia the cold shoulder. + +It’s unbelievable how few (if any) incentives there are to make the switch, and really hammers home how backwards this country is with anything to do with renewable energy and/or climate. + +Bit of a rant! + +Edit: not talking about Tesla, talking about Hyundai, Kia etc. +"The co-founder of Hargreaves Lansdown has lamented the fact British investors are too "insular" and allocate too much of their portfolios to the UK. + +Peter Hargreaves said that in particular UK investors may be able to benefit from allocating more to US stocks, saying this was typically the a common area of weakness for most portfolios. + +Writing in his most recent blog, the co-founder and chairman of Blue Whale Capital said long-held concerns about the expensive share prices of US companies may be something foreign investors have to simply contend with." + +Source : FT Adviser + + +Over the past few years I have significantly reduced the UK portion of my portfolio ,I am down to about 5% as opposed to 20% previously. + +In the direct shares portion of my portfolio I only hold 4 UK stocks 3 of which is in the Blockchain space. +In 2008 I was super new to investing and didnt know about market corrections and sell offs, so I panic-sold some VERY good stocks and promised to learn from my mistakes. Then a few years later, I woke up to a sea of red in the stock market and panic-sold again. NOT THIS MORNING. I have learned. I always keep 20% cash on hand for days like today. LADIES AND GENTLEMEN, when you open up your portfolios, most of you will panic and think about selling. TAKE A DEEP BREATH. Take a step back and realize this is ANOTHER correction. IT IS BUY TIME! + +If you can, average DOWN on your holdings. If you've been wishing to buy a specific stock because it's too expensive, well NOW IS THE TIME TO BUY IT!!! This is why we don't invest money we may NEED. Markets WILL be green again, I guarantee it. + +Trust yourself and your decisions on why you bought your stocks and relax. Best advice I can give you is LEARN FROM ME. I sold Google, Microsoft, Ebay and other stocks for NOTHING and today, if I would have held my positions, I'd be rich. DON'T BE ME. +It goes against years of finance education, but you gotta have some skin in the game right? Hope you apes are right! Bought on IEX for $138.805. + +https://i.redd.it/coamjyk9zoy61.gif +Add it up if you don't believe me. All of it has hit exchanges. 12,500 ETH **today alone** if you follow the trail. + +https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx + +They started selling first week of July, when the ratio was ~.11ish. Constant downward pressure. The price has actually held up well despite this, but the demand simply can't outpace the supply right now. EOS even market sells in low volume thin markets. + +Hey scumbags, maybe it's time to turn off the crowdsale +I'm mostly a lurker on this sub, I'm on a throwaway account. I'm 26f, I live in a HCOL, I have about $600k NW right now. I work in tech, I earn \~$350k a year. + +I've been dating a guy, "Matthew", for 6 months now. He's wonderful, but in a different financial situation, and I'm just right now trying to see what our future together would look like. He used to earn about \~$100k but got laid off due to COVID and is now reevaluating his career. We didn't go into details but I think he might have some debt from college. When I mentioned that I want to retire early, all he said was that he is probably going to be working for the rest of his life. + +From what I've seen on this sub, fatfire is mostly reached when two people in the relationship are both high-earners. I do expect my salary to improve in the future hopefully, but if it weren't, and we were mostly relying on my currently salary, would this be enough to fatfire? + +I don't really know what I want to be honest. I like working -- it gives me purpose and a social life and to be honest, I think I'd probably continue working. But I also love the idea of retiring early if I want to. I think I do want kids, 2 of them, probably when I'm in my early 30s. + +I see most of my friends dating high-earners and I feel this pressure to date someone who earns a lot of money, but I don't know. I've been on dates with guys who also work in tech who earn a ton of money, and yeah it's great that they're so financially set, but I've never been romantically interested in them. But with Matthew, he's fun and grounded and down-to-earth and hot and funny and generous (ironically way more generous than some of the high-earning guys I've been on dates with) and treats me so well, and I'm very romantically into him. + +But one of the things I'm potentially worried about is what it means for my financial future if we were to eventually get married (I know, thinking wayy too far in advance, but I just want to be prepared) and build a life together. + +Has anyone been in a similar situation? Is it doable? +Sonar broke records over records today and hit a ATH of 22m+ +Celebrate with us as we are hosting a giveaway influencer contest for 500k $PING.💰 +We are also happy to announce that Healthy Pockets will do a full review on us.🙌 + +The Sonar Platform is a multi-chain analytical tool, which presents its users with an interface that tracks social network/influencer trends, vets contract code, price charts, creates price action alerts, executes orders, as well as feature other innovative and unique solutions, including the implementation of artificial intelligence for investments. + +The Sonar Platform intends to serve as a crypto analysis one-stop-shop and provides users with all the necessary tools and information need to make smart investment choices and to reduce the likelihood of traders falling for rugpulls and honeypots. + +🕙Incorporation in progress +🕙Uniswap listing in progress +🕙Product demo coming soon + +✅ Techrate audit complete +✅ Listed on CMC +✅ Listed on CG +✅ Doxxed Founders Team +✅ Real Use Case (Utility alt coin) +✅ Q3 Roadmap complete in 1 month + +**Sonar Token ($PING) Distribution:** + +✅Wallets locked in a multi-sig vault✅ + +\-Total Supply: 4,000,000,000 +\-Team Tokens: 4% (Vested monthly) +\-Development/Marketing: 4% + +**Transaction taxes:** + +💰 3% tax to Liquidity Pool to create a stable price floor +🤑 2% tax to Redistribution +👨‍🔬 2% tax to Sonar Innovation Lab Wallet +👨‍💻 3% tax to Sonar Marketing and Development Wallet + +Socials: + +✉️ Telegram: [https://www.t.me/sonar\_official](https://www.t.me/sonar_official) +📷Instagram: [https://www.instagram.com/sonar\_token/](https://www.instagram.com/sonar_token/) +🐦Twitter: [https://www.twitter.com/SonarToken?s=09](https://www.twitter.com/SonarToken?s=09) +⭕️Reddit: [https://www.reddit.com/r/sonarplatform](https://www.reddit.com/r/sonarplatform) +🎮Discord: [https://www.discord.gg/7kuNHxZeCP](https://www.discord.gg/7kuNHxZeCP) +🎥Tiktok: [https://www.vt.tiktok.com/ZSJ9oBTDo/](https://www.vt.tiktok.com/ZSJ9oBTDo/) +📽Youtube: [https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew](https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew) +👫Facebook: [https://www.facebook.com/Sonar-Token-107371881570425](https://www.facebook.com/Sonar-Token-107371881570425) +🌐 Website: [https://www.sonarplatform.io](https://www.sonarplatform.io/) +Whilst at university I applied for and recieved a 20k interest free loan as part of a help the poor uni students out scheme to be paid back in full within 10 years. I popped the 20k in a high interest savings account the whole time, repayed the 20k and kept the profit. Its a scum bag move but I figure it didn't hurt anyone or break any laws. + [https://i.imgur.com/0AKDrvE.jpg](https://i.imgur.com/0AKDrvE.jpg) + +\^\^This is the property. It's smack between a big busy street and the freeway directly behind it. + +I know this place, and because of these location defects, the property is at most worth 1.6M, even though it's over 1 acre. + +I can't make sense of it. Did this owner get a reverse mortgage and essentially give her house to the bank? + +She only has maybe 10 years left to live. But the bank is betting 40 years on this property in a bad location. + +What's going on here? +It has become an increasingly problematic situation for r/Superstonk and our nearly 500,000 members that some individuals are repeatedly harassing other subreddits. As moderators, we have declared a zero tolerance policy for brigading and have mentioned this multiple times in our daily news posts, as well as on YouTube and Twitter, so as to reach as many of you as possible. + +# Automod Change - No Subreddit Mentions + +Nonetheless, the problem has persisted. Several moderators from other subs have supposedly reported this to Reddit admins, and we have now received messaging from Reddit admins about this very topic, and the following has been forcibility added to our automod code: + + #do not remove per admins + + title+body (regex, includes): ['\br/ ?(?!superstonk)\S+'] + action: remove + action_reason: "links to other communities {{match}}" + + #do not remove per admins + + title (includes): ["r/"] + action: remove + action_reason: "call outs of other communities {{match}}" + +Also, I have added the following words to automod for instant removal: **gme\_meltdown**, **melvincapitallove**, **wallstreetbets**, **amcstock**, **WSB**, and **AMC**. This list will be adjusted as necessary in regards to preventing discussion of other subs, in accordance with Reddit Admins. + +# No Tolerance for Brigading + +Brigading can include the following: + +* Vote manipulation of other subs' content, either positively or negatively +* Harassing other subs' posts and comment threads with pro-r/Superstonk content +* Making posts on this subreddit about other subs and their members +* Organizing in any way to influence other subs one way or another +* Posting negative comments or posts on r/Superstonk itself +* Posting screenshots of posts from other subs + +We understand that there are many issues coming from other subs. I will not name those issues because of the new Reddit automod rule that says we cannot discuss those subs. But many of us have felt defensive in this regard. I kindly ask all of you to stay focused on r/Superstonk, the stock we all love $GME, and issues of the financial world, and not those of the reddit world. As of today, you can no longer discuss other subs on this subreddit. + +**We have also DISABLED CROSSPOSTING for the foreseeable future, so as to not include other subreddits in any way.** + +Please note that we cannot enforce these rules off of Reddit, such as on Twitter, Discord, or YouTube, unless it is by means of our own individual accounts. However, we do discourage making this a big issue on other social media, because that could also be used against us. + +# No Brigading Rule + +We have also added a new rule that will be used to remove content and potentially BAN users for this behavior: + +>Under NO circumstances, will brigading be tolerated on this subreddit or any other. Individuals who are discovered to be participating in this, risk being permanently banned for this reason. +> +>Brigading includes: +> +>\- organized voting on other subs +> +>\- harassing other subs +> +>\- using r/Superstonk to defame other subs +> +>\- sharing screenshots from other subs +> +>Additionally, Reddit Admins have placed an irremovable code into our automod that prevents linking other subs entirely. + +If you violate this rule, you will be considered an instigator in directly attempting to take down r/Superstonk, and we will respond as intensely as can so as to prevent that circumstance. + +# Additional Measures + +We are currently exploring additional measures on how to comply with Reddit Admins' anti-brigading rules, and that may include increasing karma/age limits considerably as well as bringing in considerably more moderators that we trust and can rely on to properly moderate the sub. We are making these changes due to outside parties reporting us for facilitating brigading and also due to Reddit admins contacting us directly in a very concerning manner. + +If you see brigading, please discourage it as intensely as you can. We do not allow this, and it is a bannable offense. We hope to comply entirely with Reddit Admins' requests, as that is the platform we are on. We need to comply with Reddit rules above all else. Thank you. + +# Edit: Automod Code for Other Subs + +I have also created an automod code that can be easily copy/pasted into other subreddits' automod, which will effectively block crossposts from r/Superstonk. I just tested it and it works great! If other subs are truly having issues with our members crossposting into their subs, they can use this to block us: + + --- + + # SUPERSTONK GTFO + + type: crosspost submission + crosspost_subreddit: + name: ["Superstonk"] + action: remove + message: | + We don' like yer kind 'roun 'ere. + + --- + +As of current, our automod and rules are updated to be strict against brigading, limiting certain words and references to other subs, and all crossposting is disabled. I am unsure personally how to prevent this further, so here is code that other subs can use to block specific words and mentions: + + --- + + # I DONT LIKE THE STOCK + + title+body (regex): ["GME", "$GME", "to the moon", "paperhand"] + author: + is_moderator: false + action: remove + message: | + We don't like the stock, but we haven't read enough DD. + + --- + +Hopefully now it can be evidently clear that we are making zero efforts to Brigade other subs, and are now actively bolstering their capabilities against us. I am confident r/Superstonk will nonetheless grow and continue to unearth the truths of the real market due to GameStop stock and research around it. I like the stock. I love the company. CAN'T STOP; WON'T STOP. +There's a lot of new thetagang sellers here, which is great. But many of you have the wrong impression that just because you're writing the option puts you on the right side of the trade. + +In an efficient market, options are priced to break even over time. That means if your odds of winning are 5:1 then your payout is 1:5 or a net neutral. Now in reality, markets aren't efficient but the concept stands that just because you "collect theta" doesn't suddenly give you big ape brain. + +So why are so many people making money on CSPs? Because it is a directional bull trade... in a bull market. Your alpha is in predicting the direction, time and distance. That means the underlying thesis (stock goes up) is what makes you money, the put option you wrote is an expression of your bull belief. + +Now the important part. We are arguably on the cusp of veering out of a bull market into a sideways or bear market. At the very least there will be chop. So a true theta strategy does NOT mean ALWAYS SELL CSPS. If that is all you do, then that means you are mega bull. And that's fine if that's your prediction, but if you are 100% that the market will rip, then call options are also a valid expression of your trade thesis. + +Again, butterflies, iron condors, calendars, spreads.. these are all expressions of a trade, nothing more. Selling options are not inherently profitable. + +I know the standard belief here is "But I collect theta over time so I do get profit", the right way to think of writing the option is that you exchange risk (time) for cash ("premium"). It's like getting paid to play stand in a cave with a sleeping bear. Just because you haven't been mauled doesn't mean it's risk free. Every second you are in the cave is risk and you charge a premium for the time that has passed. + +Finally, for the wheel folks that say "I don't lose, because I just take assignment"... That's like saying you took a 20% loss on FB common stock, but you didn't really lose because FB stock will gain it all back in a year. Cool story and all bro, except your broker still took a 20% haircut on your capital for that trade you didn't lose on. So pro tip, take the skirt off, put on the big boy pants, eat your wheaties and take your fucking losses like an adult. + +Good luck out there. Danger is on the horizon. + +EDIT: For all the "Should I sell CSPs on XYZ with high IV?" posters. Ask yourself, what is better, standing in a cave with a small baby black bear or a cave with a giant brown mommy grizzly? Because that's what you are asking. You get paid more for risk. It's just a matter of tolerance for how much of your scalp you're willing to lose vs how much honey you want to steal. +I am Male, 19, and have been kicked out of my parents house. Prior to that, they tried to make me pay rent, but I really just coudnt find the money to do so as I am taking online cources and I blew all my savings on them. I literally have $65 to my name, and no clue what to do. Ive been living at a friends place, but I really dont plan to stay there for long. Any advice on what I should do? How can I make money? I just need some money so I can get on my feet and find a job for now. Anything helps, thanks everyone! +I was on wsb when it went crazy, and again on gme. I still view those, but my participation is limited. When those dramas happened, it was uncertain which spin-off sub would emerge from the ashes. + +Superstonk, the founders, and the moderators have exceeded all of my expectations. In my opinion, superstonk is the evolution of all of the others. They respond to FUD and shills so fast I hardly notice them. When i do, as pinkcatsonacid has said, it's that apes are smart enough to spot them and call them out. + +I don't think they need constant advice or proposals, as their judgement has been pretty fucking good! + + +Edited: removed my agree question. This was not meant to beg for yogis. If you truly don't think they've done well, then we just disagree. +After a long time of very responsibly trading blue chip stocks for modest gains single digit gains, last week I started contriving a plan to get into oil and "hit it big". + +I spent at least 40 hours considering all my possible options. Then on Monday afternoon, it became clear to me - **it was time to strike**. I put 50% of my money in. + +Tuesday morning was not fun. + +Here's what I learned: + +* **Don’t ever buy something you don’t FULLY understand.** On Monday, I bought into USO as oil prices bottomed, thinking I was buying into a fund that was purchasing up all of the May Futures contracts. I thought USO was rolling out of April and into May, and they were conveniently buying up all the world’s WTI at bottom of the barrel pricing. I saw the warnings all over the place that people didn’t understand that USO was based on futures, not spot prices. I KNEW USO was buying futures, not spot. I thought that meant I understood the warnings. I didn’t know that the real risk was that I didn’t know which months I was buying into. The funny truth is that they weren’t even making most of their moves on Monday. I was WAY off. +* **Don’t trust third party sources on the details - not even your bank.** Both Yahoo Finance, and my bank - RBC Direct Investing - have incorrect information on USO and most major ETFs. For as long as I have been looking (2 weeks), they've said USO is holding April WTI Futures. This is 100% false: [https://i.imgur.com/bOm0JEQ.png](https://i.imgur.com/bOm0JEQ.png) I thought this meant that USO had to sell all those contracts and move into May contracts on Monday. I thought USO was being paid to take a bunch of oil that they would then have all month to get rid of. But that's not how this works. +* **The word “ETF” is used extremely loosely.** An ETF like SPY or ZQQ.to, is absolutely nothing like all the ETFs out there that are “attempting to track daily movements of \_\_\_\_\_\_\_”. An "ETF" is just a fund. Don’t buy into ETFs that you do not FULLY understand. Read the actual prospectus. +* **Do not underestimate the number of stupid investors out there.** As I watched WTI plummet in real time, I immediately saw USO skyrocketing, I thought for sure that meant that smart institutional money was piling into USO. I thought there was no way that retail investors could move a $2.5B fund that fast, but they were. That was not smart money causing the pump. It was a million idiots like me. +* **Don’t fuck around with leveraged ETFs.** In addition to USO, I purchased into a 2X leveraged WTI tracking ETF “HOU.to” at the very end of the day on Monday. I thought for sure on Tuesday morning the oil prices would bounce back up from negative, and give me a big bump. I figured, even if it didn’t work out, I could hold onto it forever until oil comes back. Wrong. You cannot hold onto these things forever. They trend towards 0 mathematically. If you can’t make gains in your first couple of days or weeks, you are probably stuck with taking a loss. You shouldn’t even hold these things more than a single trading day. ESPECIALLY in this crazy market. +* **Despite your Father's advice, you can't just be patient and hold on to everything.** [HOU.to](https://HOU.to) \- which I purchased into - is beyond toast. The company has all but told investors it’s time to cash out. After the fund lost 40% of it’s value on Tuesday, they froze it, and then released an official press release that the ETF was worth about 1/6th of its already obliterated market price. They then said pretty clearly that they no longer expected to be able to achieve the funds objectives. After a few cuss words, I basically kissed my money goodbye. Then much to my pleasant surprise, on Wednesday morning, I saw it was back up for trade. Somehow it was rising. (This goes back to not underestimating the power of stupid money.) I cashed out immediately, and was very pleased to get 2 /3 of my money back. Everyone around me was telling me to be patient and not take a loss. The fund has done nothing but post double digit losses since then, yet millions of people are continuing to trade it, when they should instead be cutting their losses. While June futures are up 70% since Tuesday, this 2x ETF is down like 50% - yet people still cling on. +* **The biggest lesson in these oil ETF’s is that NOTHING is certain in this crazy ass market.** A TON of the pain that I felt this week was caused by USO and other funds like them restructuring. USO has been rolling front month futures on a predictable calendar for 12 years. On Tuesday morning they absolutely fucked my investment in USO, and probably contributed to the obliteration of HOU.to by surprising us all with a restructuring announcement. I never in my life thought that USO was going to restructure. I thought the whole point of it was that they were legally obligated to follow a certain predictable futures trading pattern - and that certainty gave people a mechanism to buy and sell. NOPE. They can legally just do whatever the hell they want, costing retail investors like me an arm and a leg, while their fund managers continue to make 7 figure salaries. +* **Last but certainly not least, this week should be a lesson to us all that there are mammoth sized financial incongruities hidden in every corner of the global economy right now.** The insanity that has taken place in the oil industry this week should be a warning bell to us all. The 2008 crisis was caused by bad assets in a SINGLE industry. Considering the demand for everything is down by at least 30%, and the governments have propped the world up with free cash equivalent to over 10% of global GDP - it’s quite certain that there are “sub prime mortgage backed security” equivalent death traps forming in every single industry. It’s only a matter of time before more of them pop up. They could appear on Monday. They could appear in August. But anyone who is paying attention is fairly certain they are out there. +* **Be careful.** +# + +https://preview.redd.it/uvemtuigzh071.jpg?width=602&format=pjpg&auto=webp&s=ee715ba75723759d9cc8179e80a30e2d5d010051 + +# + +# Apes, + +Just thought I'd share what I have been suspecting all along. GameStop has become a huge problem!! Not a tiny little annoying problem, no no. This is becoming a thorn in the side of the biggest players on the market. The higher ups thought retail would just tuck their tails between their legs after they coordinated a stoppage back in Jan. Dumb money would just take their licks and go back to life as usual. + +&#x200B; + +**Guess what Apes, you fucked up their plan. They were praying all this would just go away and it would be business as usual. Fuck people. They have been literally rewriting the fucking RULES because they can't ignore this problem anymore! The system is getting exposed. Short selling has been going on for years and nobody really cared. A little slight manipulation. Everyone does it. That's just how the industry works.....everyone just cheats a little and if you get caught, they slap a fine on you. Business as usual.** + +&#x200B; + +&#x200B; + +I spoke with some people across multiple industries just friendly catching up type shit since I know what they do. All them said, "You know I can't talk about that" and I respect that. Every single one of them when I asked, are you at least aware the GameStop situation, every SINGLE one just said a version of, "yeah what a fucking mess". **EDIT: Mods if you want to contact me, I'm happy to speak to you. I'm taking out the part of the user to reported me because I wouldn't give up my friends names to a rabid pack of HFs lurkers, SEC lurkers, and rabid Apes. His comment is still up but I'll not Dox him even though it's a dick move on his part.** + +**Edit 2: I just wrote** u/redchessqueen99 **since we have spoken before and she can let me know what she would like from me.** + +**Edit 3: For anyone asking, they didn't give me anything. They literally can't talk about this stuff with people. All I got was a lot of we can't talk about that but what a shit show. SEC- If you are reading this, I would argue if you ask any single person in the world who understands a tiny bit about stocks; they know something is off with GameStop. Doesn't matter which side of the aisle, whether you are a bear or a bull on GME.....everyone knows something funky is going on with GameStop. Maybe you guys should be looking at some Market Makers instead of retail.** + +&#x200B; + +&#x200B; + +Picture this. There is a watertight sealed room with a couple different pipes of water going into it. A couple people fighting over control levers. Let's say DTCC is on a HUGE pipe. You have multiple Short Hedge Funds (SHF) controlling a ton of levers. Then you have another couple of major institutional players on a couple more levers. Everyone is having this water fight over control of this room and the water level keeps rising each an everyday. As the water level rises the stakes go up. You don't want to drown in this room. Something has to give. Enter Apes. Apes are the slow sprinkler system overhead that has been running the whole time. In the beginning it was just a nuisance but it just keeps coming raising the water level slowly. The DTCC has been trying to figure out a way to get control of these SHF's levers so they get out of the room with minimum damages to themselves. The shorts got greedy and somehow chained their leg to their lever. They would rather drown everyone than lose. The Apes will just continue raining down raising the water level until someone releases the floodgate to Tendytown. Apes can't control the movement of water but they can keep buying which raises the water level. + +&#x200B; + +&#x200B; + +The DTCC is just trying to protect their own asses and has been for months. They know the problem and are actively letting SHF's (Short Hedge Funds) operate in survival mode so they can get their rules double, triple, quadrupled checked to make sure they will protect themselves/existing members against having to payout the fraud which they allowed. There are no shares of GameStop to be had anymore, they are all in the hands of Apes by now. Apes just keep raising that water level each week. **There are literally millions more shares just on the options market than exist in the float, then if you start calculating all the OTM options, along with the institutional ownership and just guess the Apes shares........this is a fucking nightmare to them.** + +&#x200B; + +&#x200B; + +They popped the ball we were playing with right when we were going to get rich in Jan. It was going to blow up the entire system. It was all a rigged game and we exploited a weak point in it. So they turned off the game because they aren't allowed to lose money. We are, that is how they stay rich. The bleed off the world because financial stuff is overly complicated on purpose so people don't pay attention to it themselves. I know I didn't for years. I just quietly dumped money into a 401k and Roth. Millions of regular Americans do the same thing. We give these Banks, Institutions, etc access to our hard earned money then they 8x leverage themselves with our money in hopes they make fat bonuses in the short term. If it doesn't work out. They will just blow everything up and get a bail out. + +&#x200B; + +&#x200B; + +&#x200B; + +**So they NEED to figure out a way to quietly get out of this but the problem is too many eyes are on it now. The world is paying attention. The longer this goes, the more attention time people have to research and look for information. They are going to see the shady shit the DTCC and SEC let slide all the time. They are going to ask for answers. They are going to learn to vote out the politicians who back this system. They are going to start electing ones who will stand up for the little guys. They are going to bring more regulation the longer this goes.** + +&#x200B; + +&#x200B; + +# TLDR: The longer this plays out the more we learn about this corrupt system. Naked short selling is the worst kept secret on Wall Street and everyone knows what is going on. The longer they keep kicking the can down the road, the more attention this is going to bring and people are starting to get informed. They are starting to lose the ability to control the narrative through the media. + +&#x200B; + +&#x200B; + +See ya on the moon Apes!! + +# 🚀 🚀 + +https://preview.redd.it/upoxpmo2lh071.png?width=120&format=png&auto=webp&s=3a1d076afda5cb0a4bc82e21963513c897dc103a +*⚜️I am NOT a financial advisor and this is NOT financial advice. If you read this post and still YOLO into DOGE, I wish you hella profit. Your success will never affect mine.⚜️* + +I’ve seen a lot of members in this sub argue back and forth why Dogecoin is a good investment. + +I’ve even seen a user state “Dogecoin will be #2 soon. People literally don’t understand the value of memes. Humor will never get old nor go out of style”. + +Now before the Doge army downvotes me into oblivion, let me explain myself. + +Bitcoin has a supply limit. No coins can ever be added above 21 million, so it is considered a good store of value. Unlike Bitcoin, Dogecoin is inflationary and has no supply limit. Each minute, 10,000 Doge is added into the network. At this rate, miners add more than 5 billion coins per year.   + +Think about that. Each minute, 10,000 DOGE have to be bought just to keep it at the same price. + +Now I know what you might be thinking; Doge is only $0.45, that only equals $4500 per minute! What you do not think about, though, is the fact that this crypto has no utility. Yes, it can be spent, and yes, it is pumped by Elon Musk and Mark Cuban. But other than that, it really isn’t utilized. You know why every person I know is invested into it in the first place? To make money. That’s it. + +To compare, let’s take the US Dollar. This sub knows that the USD has been a much less than optimal store of value over the years. Let’s compare the inflation rates to Dogecoin. + +From 1913-2021, the US Dollar has had an average inflation rate of 3.10%. (Has been MUCH worse since COVID, but that’s besides the point.) + +With Dogecoin’s supply addition protocol, the inflation rate over the past years has been 4.68%. Now of course the set amount added is static, so theoretically the inflation rate would decrease over time, but this is still less than optimal. + +I made this post to protect the new ones entering this space and being attempted to throw a substantial amount into DOGE. If your goal is to make a long term investment, look elsewhere. + +Now don’t get it twisted; I’ve made money from DOGE too. But it is a short term interest coin and a pump and dump coin - I believe it should be treated as such. + +Lastly, this isn’t a comparison to any other coin. I’m just providing a bit of information to those new members who flock to any coin shilled to them. + +I wish you all the best, and please research coins before you throw money into them. + +Cheers🐶 + +*Edit 1: I did this to save people from a risky investment. I didn’t say DOGE was a bad short term investment, just a bad long term investment. If you can ride the hype and make money, why wouldn’t you do that?? I just provided some tokenomics :)* + +*Edit 2: Read some of these comments. People have insulted me, insulted my intelligence, said I was just jealous, called me a liar, etc. I’ve also received multiple threats from people both posted on here and sent to me privately. I still wish the best for these people and truly hope they get to a better place mentally, regardless of how much money is at stake...* +Day traded for 7 months, and failed. Thought to myself you guys were just gamblers, and some of you got lucky. Day trading was a scam etc (the usual things people when they fail). Then came May, I found a strategy I liked by trading the same exact stock everyday which is NIO, and just scalping it with 1000 shares. I've done this so much I'm practically a nio expert. In the month of May I was green every single day other than the 13th and 26th averaging 450 per day. So far I have been green everyday in June, and hoping to continue it. + +I just wanted to say I was wrong, this is not strictly gambling, this is finding patterns that give you a higher success than failure, then control risk so that even if you are right 50% of the time 1.5 risk/reward will leave you profitable. + +Also trading the same stock everyday is so much easier, you only keep track of the news on 1 stock, and you begin to pick up its patterns, it's all time ranges etc. It's so beautiful when it starts to make sense. + +i will not get cocky, and everyday I am green I say "thank you" and close think or swim, I have to keep humble and respect the market. +Earlier today Coinbase made a “transparency post” naming about 50 assets that they are planning to list on their exchange. Most of them are illiquid shitcoins that no one can figure out why they are even listing in the first place. + +&#x200B; + +https://preview.redd.it/42pb31wkc7t81.jpg?width=1170&format=pjpg&auto=webp&s=9dc7ecdf375b30f55f3d82565bf39284dbbfa2b6 + +A bunch of people on Twitter went digging on-chain and found out that there is an insider that has been buying massive positions in these tokens, which have all obviously skyrocketed after the announcement. + +&#x200B; + +[https:\/\/twitter.com\/alanstacked\/status\/1514026523430424579?s=21&t=e9d5EKQ8hH0MLQTe4Ongwg](https://preview.redd.it/473ifxcnc7t81.jpg?width=1170&format=pjpg&auto=webp&s=758acc72cbfa1d75ce0fb70edc2eb5765e2ceb6e) + +&#x200B; + +[https:\/\/twitter.com\/cobie\/status\/1513874972552355846?s=21&t=e9d5EKQ8hH0MLQTe4Ongwg](https://preview.redd.it/5bqkixqsc7t81.jpg?width=1170&format=pjpg&auto=webp&s=df7b48676d1b118d6eb76f2d2bc946d94a96afc8) + +&#x200B; + +[https:\/\/twitter.com\/zachxbt\/status\/1513915728671526913?s=21&t=e9d5EKQ8hH0MLQTe4Ongwg](https://preview.redd.it/aonnyk3zc7t81.jpg?width=1170&format=pjpg&auto=webp&s=4de895270bc23c94551ccbc6a6061a511a0c8277) + +&#x200B; + +[https:\/\/twitter.com\/scruffur\/status\/1491119583104991232?s=21&t=e9d5EKQ8hH0MLQTe4Ongwg](https://preview.redd.it/tecr3c73d7t81.jpg?width=1170&format=pjpg&auto=webp&s=20f08274d664a5857731dae2c70ecbdb202d508b) + +This is blatant corruption and insider trading. Yet the SEC won’t do shit about this and instead prevents a Bitcoin ETF from existing or bans US residents airdrops. This is why we can’t have nice things. +I’m not currently a millionaire and I work a lower income job(janitorial). For me FI isn’t about retiring or being able to live lavishly, it’s just about making me more comfortable negotiating at work. I don’t have to work overtime and I can tell my boss no from time to time. If I lose my job tomorrow, I know I’ll be ok. I’ll be able to pay most of my expenses off, and it’ll allow me time to job search. I know it’s a little different than most of what I see in this community, but I’m really happy knowing my job doesn’t own me. I don’t have to work 50+ hour 7 day weeks anymore. + +Thanks for reading, just felt like sharing the little victories + +Edit: thank you for all of the awards and kind words! + +Edit 2: deleted a joke because it wasn’t communicating my point properly +I am certainly not going to pretend I have a PhD in Economics or anything but the types of questions and answers in this sub disappoint me. Typical questions are very politicized and generalized such as “is capitalism good” or “tell me how this politician did economically”...these questions can be very vague and hard to answer in the first place. I get the impression these people tend to just want to have their political opinions reconfirmed, not get a nuanced discussion about legit economic questions. Answers are super short and choppy, seeming to come from people who took an introduction to macro class in high school and think that most of economics comes down to the phrase “ceterus paribus”. Rarely do you see any reference to academic studies or literature, an in depth break down of economic factors that relate to a problem, or views that are balanced in the sense they present conflicting evidence/theories. I think the mods need to have better standards as to what qualifies as a good question. +Here’s an interesting article on personal finance and schools now that we’re kicking banks out of schools + +https://www.abc.net.au/news/2021-02-12/financial-literacy-compulsory-subject-in-school-experts-argue/13135540 + +What are your thoughts on all this? + +As a parent I’m finding it challenging that with the move to cashless teaching kids has become a lot more abstract since you just tap and buy and everything is just magical. + +How do I do the digital piggy bank well? I’m using the Barefoot Kids thing with the jars and it worked really well until COVID. It’s been tricky since. +I am currently in high school and looking to see how I should be handling my money in the coming years. I want to see what this community thinks is the best use of any spare income I have to ensure financial security in the future. + +The question is geared towards like a retrospective mindset, not one where you travel back in time. Obviously going back and investing in apple, Tesla, Bitcoin etc would be the best, but that I know. Thanks for your guys’ advice and I’ll be sure to consider it in the future. +As I move further up the management chain I can't help but think about buying a small business and leaving the corporate politics behind. + +Currently Mid 30ys, 500k+ a year, being fast tracked further (currently running a division outside HQ but will need to relocate back). SAHW with 3 kids. + +Businesses I've considered buying: + +- Wedding Venues +- High end plastics business (Vandalay) +- SaaS +- Doctors offices + +I've read numerous books on the subject but I can't be the only one who's ego says I can do what I'm doing today but for myself. +Source: https://hindenburgresearch.com/nikola/ + +"Today, we reveal why we believe Nikola is an intricate fraud built on dozens of lies over the course of its Founder and Executive Chairman Trevor Milton’s career. + + +We have gathered extensive evidence—including recorded phone calls, text messages, private emails and behind-the-scenes photographs—detailing dozens of false statements by Nikola Founder Trevor Milton. We have never seen this level of deception at a public company, especially of this size. + +Trevor has managed to parlay these false statements made over the course of a decade into a ~$20 billion public company. He has inked partnerships with some of the top auto companies in the world, all desperate to catch up to Tesla and to harness the EV wave. + + +We examine how Nikola got its early start and show how Trevor misled partners into signing agreements by falsely claiming to have extensive proprietary technology." +Good morning San Diago, + +I am Rensole, + +Do you smell that? pass that! + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/fyovn831fau61.png?width=680&format=png&auto=webp&s=8553a0769e002c1296f071c3d82c800d627be4c9 + +As always none of this is financial advice, just a typewriter ape + +# Yolo with Domo + +[https://www.reddit.com/r/Superstonk/comments/mtnian/official\_ama\_justin\_dopierala\_founder\_and/](https://www.reddit.com/r/Superstonk/comments/mtnian/official_ama_justin_dopierala_founder_and/) + +today at 4:20 + +# DFV FUD + +Ok let's start with the obvious one in the room, I've seen loads of people/new accounts say DFV sold. + +No he didn't, why? he is a value investor, he sees deeper fucking value in a company, and it would be stupid to put this much in and pull out BEFORE the transformation of the company is over. + +So the argument of him having pulled out is nonsensical. + +He will at one day though because doing a stock market is to make money, but don't expect any value investor to stop halfway through. + +https://preview.redd.it/5kk3rbmifau61.jpg?width=960&format=pjpg&auto=webp&s=4cf73fc2a0b5c982c876d63b2bb74503aa6aee70 + +# Twitcher offered a 1000 to lie, lied yo + +People were quick to jump on this but the dude who said he was offered a 1000 bucks to post bad shit about GME was lying, again be sceptical even if it feeds into your bias. + +the post got removed, as the person himself confirmed later that it was fake. + +&#x200B; + +https://preview.redd.it/4kbktjbbgau61.png?width=640&format=png&auto=webp&s=7ef84f21d959c5958fa231405c0e792d7cba35c0 + +# Team for the man with a plan + +[https://www.sec.gov/news/press-release/2021-68](https://www.sec.gov/news/press-release/2021-68) + +Gary named his initial team, give it a read and know who you'll be working with. + +Again yes I know the SEC had been lacks to say the least, but again I believe that this guy can bring big changes. + +Also a brief overview of the recent filings. + +[https://www.reddit.com/r/Superstonk/comments/msh5mt/a\_brief\_overview\_of\_recent\_filings\_from\_the\_dtc/gv61tmd/?context=3](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/gv61tmd/?context=3) + +https://preview.redd.it/mqdfevbqgau61.jpg?width=660&format=pjpg&auto=webp&s=ab21c159ab44463e5619d180050424f89c26daf8 + +# MacD + +good thread about MacD + +[https://www.reddit.com/r/Superstonk/comments/mu5m16/macd\_on\_gme\_is\_showing\_bullish\_signs/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mu5m16/macd_on_gme_is_showing_bullish_signs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[Not sure if the correlation is caustation](https://preview.redd.it/pkf3emfliau61.png?width=828&format=png&auto=webp&s=bf929a22cad13a01a95537f3c0dc3f79c9536117) + +# 60% of the time time it works a 100% of the time + +6 out of 7 of the biggest american banks have made a statement in the past week. + +Give it a decent read. + +[https://www.reddit.com/r/Superstonk/comments/mu8a5m/6\_out\_of\_the\_7\_top\_listed\_us\_banks\_have\_made/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mu8a5m/6_out_of_the_7_top_listed_us_banks_have_made/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +hmmm [https://www.reddit.com/r/Superstonk/comments/mty87p/domino\_effect\_drumroll\_whos\_next/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/mty87p/domino_effect_drumroll_whos_next/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) ?? + +&#x200B; + +&#x200B; + +https://preview.redd.it/1szuo8pciau61.png?width=380&format=png&auto=webp&s=b73f21d1d0237d18640fe4c5909596714ede6ffb + +# They're watching + +[https://www.reddit.com/r/GME/comments/mu6a4n/psa\_remember\_hfs\_are\_watching\_us\_dont\_give\_them/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/GME/comments/mu6a4n/psa_remember_hfs_are_watching_us_dont_give_them/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +So as that thread stipulates they are watching us, I mean I would if I were them. look at all the free data we offer them + +but we are doing the same + +[https://www.reddit.com/r/Superstonk/comments/mug1th/citadels\_late\_night\_google\_searches/gv6d1x4/?context=3](https://www.reddit.com/r/Superstonk/comments/mug1th/citadels_late_night_google_searches/gv6d1x4/?context=3) + +Again not sure how accurate those google results are but interesting none the less. + +&#x200B; + +Can't stop won't stop + +[https://www.reddit.com/r/Superstonk/comments/mu6y3m/𝗚𝗮𝗺𝗲𝗦𝘁𝗼𝗽\_𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲\_𝗧𝗲𝗮𝗺\_𝗕𝗼𝗮𝗿𝗱\_𝗼𝗳\_𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀\_𝗨𝗣𝗗𝗔𝗧𝗘𝗦/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mu6y3m/𝗚𝗮𝗺𝗲𝗦𝘁𝗼𝗽_𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲_𝗧𝗲𝗮𝗺_𝗕𝗼𝗮𝗿𝗱_𝗼𝗳_𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿𝘀_𝗨𝗣𝗗𝗔𝗧𝗘𝗦/?utm_source=share&utm_medium=web2x&context=3) + +NEW GAMESTOP + +&#x200B; + +&#x200B; + +https://preview.redd.it/g69yaf7klau61.png?width=256&format=png&auto=webp&s=02221009c8b259515a07195b05ed338aa95a76e6 + +So at this point you might think "ok Rennie, it's missing it's OOMPH today", and you're right I've been focussing on something else, yesterday I got pulled aside by some friends and how r/superstonk is looking right now and I had to take a good hard look at the sub and the mentality we hold. + +And I personally didn't like some of the stuff I've seen, people who are trying to help are getting called shill because they come with lower numbers, people who want to help and immediately getting kicked to the side as shill, this is not what I want guys. + +Again we need to keep our head straight and look at every possible scenario. + +**None of this is financial advice, but I do feel people should examine their risk/rewards.** + +I know many of us will jerk react to what I am about to say and think it is FUD, but I feel it is something we need to explore as the MOASS is impending. There are several things that you need to know when it comes to extremely high market volatility. Selling isn't as easy as pressing "sell at market" and expecting the number you "sold at" to appear in your brokerage account. When trading in extremely volatile conditions, like the upcoming squeeze, it's important to know exactly HOW to exit your position and not fall victim to these traps. + +**I know that the DD on this sub is good but in trading nothing is a 100% guaranteed** + +This is not meant as FUD in any way, but rather to get everyone to think about their own positions and what they want to do, and how they want to do it. also if possible to get people talking and have different conversations so people make an educated estimation/decision of what they want and how they want it. + +**This is a personal choice for everyone, so listen to your own logic, reasoning and research.** + +I've seen a lot of people talk of 100 million is a "sure thing", I'm sorry I know you all like this but I want everybody to be grounded for this. + +The statistical probability this will even reach 1 million is an anomaly, I'm not saying it won't happen I'm saying in my personal opinion I don't expect to reach that level. Yes I know the memes of 1 million and everything, but let's be honest there is a high likelihood that before that happens the government would step in, the nasdaq would stop trading or something else can happen. + +We do not know how far it will go. + +And just as much the [gmefloor.com](https://gmefloor.com/) thing, please realise it's a meme. + +The thing is with a short squeeze it is impossible to know how high it can, or will go to or how long it will last, I've seen people post it would be minutes, I've seen others post that it will be days. One thing I do have to say is that I rethought my own exit strategy, it used to be "catching the falling knife" but it has changed as I think it would be closer to catching a falling piano. + +so this leads me to my other point. + +Everyone here should evaluate **their own** Risk vs reward situation. + +And at the same time I'd ask you to be realistic, no one knows what will happen and anyone telling you that ANY price is a 100% is wrong. We can have all the specific indications for a Moass/squeeze but we don't know what will happen. + +So in order for people to make a well educated decisions on their own stock they should ask themselves some questions. + +1. how much money do I want to make with this stock +2. how high can it go? +3. how much can I afford to lose? (for example if the stock goes back down at some point) + +\^ these are important questions that people need to ask themselves and act on them. + +An exit strategy for me is covering my initial cost of investing at a "lower hanging fruit" number, when it squeezes, as it's more likely I'll cover that point, from that point on I can let it ride to higher numbers and be sure I'm playing with the house's money. (this means lowering exposure and still have a possibility of reward). + +&#x200B; + +**Everyone should think on his own how he or she wants to exit.** + +There is no perfect plan, unless you're DFV and you're the time traveler. + +But let's look at a few different versions of exit strategies. + +https://preview.redd.it/nqyzxkxamau61.png?width=600&format=png&auto=webp&s=d25af6b3270d19faee5f0df3b85b26a310c92223 + +**"The Tiered exit"** + +One I've heard a lot about is a "tiered exit" a tiered exit is putting everything in tiersfor example: + +15@ 10 + +10 @ 15 + +20@ 20 + +etc etc, this depends fully on how you want to place this and what you think is a logical step, this could be at 5000, a 10000 or any number whatsoever. **(remember I'm giving examples, I'm not setting numbers for you to follow).** + +Another exit strategy is + +https://preview.redd.it/utw7mkazlau61.png?width=1600&format=png&auto=webp&s=e26c4adbe667c2dc006505bd33b2b48b9d1bf91c + +**"The value investor"** + +This is what DFV did, he saw an opportunity with a company and invested on a number he thought the company would be low, but he will ride this to a certain set point for him and either cash out then, or do so in layers like in the tiered exit. + +This means he said to himself X number is low, I want to have Y number for returns etc etc, this is also called the long play. + +or how he got his name, seeking deeper value in things and seeing them before others do. + +But even DFV has a number set in his head where he want's to take profit. + +&#x200B; + +https://preview.redd.it/m43dw07umau61.png?width=1200&format=png&auto=webp&s=203f6be178ae92085ab49f0637408639f185276f + +Another would be + +"**the mixer"** + +The mixer is a simple concept of my own tbh, just take a bit from the **Tiered exit,** a bit off the **Value Investor**. + +You can choose to get some of your initial investment out at a certain point, have another part you want to leave with that company, and a part you'll sell at a higher point. + +Or any mix you'd like, remember this is fully up to you and up to your own risk assessment. + +Some examples of other exit strategies: + +[https://www.netpicks.com/trading-exits-vital/](https://www.netpicks.com/trading-exits-vital/) + +[https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp](https://www.investopedia.com/articles/active-trading/020915/mustknow-simple-effective-exit-trading-strategies.asp) + +[https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208](https://www.ig.com/en/trading-strategies/trading-exit-strategies--a-complete-guide-for-traders-210208) + +[https://www.jumpstarttrading.com/trading-exit-strategies/](https://www.jumpstarttrading.com/trading-exit-strategies/) + +There are loads of exit strategies out there, but be sure to research what is best for **YOU!** (seriously google is a thing people, use it, do your own DD and your own legwork). + +Again I don't question the DD at all, I do however think people here need to take a good hard look at their risk/reward system and at reasonable numbers, I personally don't think 10m is something that can happen, again I could be a 100% wrong and if it does hell I'll be just as excited as everyone else, I just think the chance of happening is low to none. + +What I am saying is what I've said before, you should not risk more than you are comfortable with. + +&#x200B; + +https://preview.redd.it/cdkr5x32nau61.png?width=462&format=png&auto=webp&s=cd02d4b9b9033840c294dd16a73f3ee0bec89cf0 + +Now something else I want to touch on. + +You have to realise that yeah sure it's all fun and games checking out all those buildings and what's going on in them, but what if we have one idiot in here that's mentally unstable?what if they think it's ok to go there and he hurts someone or worse? + +Seriously everyone have a sense of decorum. + +Do not under any circumstances pester the personal that works there, as these are still people who just have a job, you may not agree with what they have done but that's what the courts are for. + +we need to stay on our best behavior always, because we are better than they are. I want everyone to be logical and decent here, and everyone here does his or her own part in that. + +So I'm asking you please, PLEASE guys chill, we are in what people can say is a "high stress" situation, and tempers can run high. + +Don't call people SHILL because you don't agree with them, I've said before go into conversation with them and you may be able to learn why they think a certain way.If it's logic then you can learn, if it's a troll you'll notice soon enough.But don't kneejerk react that everyone who disagrees is wrong. + +&#x200B; + +https://preview.redd.it/oxpvu1oooau61.png?width=554&format=png&auto=webp&s=ca6e9670df6055dbb33a60d9ada07412f85bd0d4 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/lsyole5roau61.png?width=400&format=png&auto=webp&s=0f21c9bcfa23dfac3fc0b600741e9fdd2021973f + +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 I will be adding it here. + +backups: + +[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1) + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +And I'll be posting updates as they happen here: +Edit6# credit to u/ThaStonk + +“https://www.rakuten-sec.co.jp/ITS/company/pdf/co16_kitei_05.pdf + +This is their TS for the foreign stocks +check section 10-10 + +I had to call them and tell them that I wanted to check my voting rights according to this, and they had to find someone who knew about it and they will call me back, and they did but it went to voicemail.” + +There is nothing that says Rakuten users can’t vote in their PDF. If you’re with Rakuten and bought shares before 4/15 then call them and bring this up when speaking to them. I’ll try again tomorrow and use this knowledge ThaStonk shared with me. You can be mad at Rakuten as a company but don’t be rude over the phone when speaking with the staff. Hope this helps y’all Samurai Apes!! + + +Edit5# I will read Rakuten Securites user terms and agreement in a few hours to see if share lending/margin is mentioned. Japanese friend and I will proof read and update once more. Stay strong (update Rakuten does not lend shares by default, you have to register for that, and for margin account) + +Edit4# Take this update with a grain of salt, doesn’t mean your shares are on margin but this does seems fishy to me, IGNORE anyone telling you to transfer/sell. I just want to bring light to this: + +[DEBUNKED, choosing any topic on the chat option changes chat HTML to /margin + +Sorry but I’m wrong on this one, seeing the html change to /margin gave me ptsd and made me jump to conclusions. I’ve come to dislike that word too much for my own health. + +I went to chat with their customer service here: + +https://www.rakuten-sec.co.jp/web/help/chat/ + +When you choose to chat about [米国株式] (US Stocks) the HTML link changes to: + +https://www.rakuten-sec.co.jp/web/help/chat/margin + +——————————————————————————————— +Rakuten Securities won’t let us apes vote because according to them they use Interactive Brokers as their US custodian and the shares are under Rakuten and not under our names! + +THIS IS JUST AN EXCUSE! + +Tiger Brokers who use Interactive Brokers as their US custodian under Tiger Brokers name let apes vote because of high demand for voting! IF THEY WORK THE SAME AS RAKUTEN THEN RAKUTEN HAS NO EXCUSE! THEY ARE LAZY AND INCOMPETENT! + +Let’s get 楽天証券無能 (Rakuten Securities incompetent) trending on Twitter!!! + +Anyone who is Japanese or international, knows Japanese or even just google translate is enough!!! We need to push them to let us VOTE! + +Please, this is a cry for help. Most Japanese GME holders don’t know about the DD so there has not been a big movement yet. I’m trying my best to inform people around me but there’s not much I can do alone. + +I have so much love and respect for all you Apes! + +Edit3# comment by u/HalleysComet41 + +I would recommend adding the hashtag #ゲームストップ事件 or gamestop incident, as that is what it is commonly referred to. (By commonly, I mean common among the very very small percent of the population who is active in investing / investing news / or watches Horiemon) + + +Edit1# RAKUTENS TWITTER HANDLE IS @RakutenSec + +https://twitter.com/rakutensec + +Edit2# what you can write to @RakutenSec: +update by u/WowSuchinternetz : + +Your Japanese translation is garbage. Here's a better one. + +楽天証券によると顧客の米国株式はカストディアンであるインタラクティブ・ブローカーズが保管しており、顧客名義ではなく楽天証券名義で保有されているため、顧客にはゲームストップの議決権を行使させることは出来ないとしている。 + +これは単なる言い訳です！ + +タイガー・ブローカーズは楽天証券同様にインタラクティブ・ブローカーズをカストディアンとしており、同様にタイガー・ブローカーズ名義で保有されているにも関わらず顧客にゲームストップの議決権を行使させている。タイガー・ブローカーズは楽天証券と同じ様な管理形態になっている。タイガー・ブローカーズは顧客に投票させているのに楽天証券はさせないというのは言い訳が立たない！楽天証券は怠慢で無能だ。 + + #楽天証券無能 (don’t forget the hashtag!!) + +Translation: + +According to Rakuten Securities, Interactive Brokers is the custodian of US stocks and your shares is under Rakuten name, not our name, so @RakutenSec will not let shareholders of GameStop vote. + + This is just an excuse! + +Tiger Brokers, who uses Interactive Brokers as a US custodian under the name of Tiger Brokers, let shareholders of GameStop vote! Tiger brokers works thr same as Rakuten. Rakuten has no excuses when it works for Tiger Brokers! Rakuten is lazy and incompetent. +HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE MOLY HOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE +Newspapers don't seem like an exciting industry in 2021, but hear me out. + +This stock was trading below $1 a few months ago and has climbed steadily to $5 now. + +Gannett is building a subscription and advertising business that is digital first and slowly phasing out print. It's a DIRECT subscription strategy that will look like the "Netflix of news" where you subscribe to a plan that includes your local newspaper (if you live in one of the hundreds of places where they own the daily paper... or where they will start new digital-only newsrooms) and you'll also get ad-free USA Today wrapped in with the deal. + +If they get a few million digital subscribers paying $10+ a month, plus a robust digital advertising business, this becomes a $5 billion company with a $30 stock. + +Right now they're up to 1.1 million digital only subscribers and the CEO has set a target of growing that to 10 million in the next 5 years. They also refinanced their debt and are now in a position to really integrate their USA Today Network of digital properties. + +This Bill Miller analysis suggests the company is still very undervalued and the CEO will be HIGHLY MOTIVATED to get the stock price up... + +"We see normalized EBITDA in excess of $700M and annual free cash flow that could approach $500M over the next couple of years, greater than the company market capitalization at year-end. (!!!) Gannett’s CEO has significant incentive to deliver on long-term merger targets and reduce debt to the benefit of shareholders. The CEO recently received a new contract that will award him 2M shares if the share price is greater than $10 by the end of 2023. We believe a successful transformation of Gannett over the next couple of years is worth in excess of $20/share." + +Read the whole thing here: + +[https://millervalue.com/deep-value-4q20-letter/](https://millervalue.com/deep-value-4q20-letter/) + +*---------------* + +EDIT: Something I forgot to mention in my original post, but the push to force tech giants like Facebook and Google to rev-share with news publishers looks like it may expand from Australia to the United Kingdom next. Gannett is well positioned in the UK as the owners of a rather large chain of regional newspapers and magazines via their Newsquest subsidiary. + +[https://en.wikipedia.org/wiki/Newsquest](https://en.wikipedia.org/wiki/Newsquest) +Hello! One of the main features of Marxist econ is the idea that technological advancement will lead to overproduction, profits will go down, the economy will collapse, and then there will be a Communist revolt. Has this ever happened? From my understanding if profits ever started going down massively capitalists would just leave the industry, thus a decrease in supply, increase in prices and therefore a return of profit. So is it real? +Hi everyone. My partner and I have been offered a house for $1.00 by some really generous friends. We’re considering it, but aren’t sure of the pros and cons. Neither of us have ever owned a home before, and just moved into a two bedroom apartment in April. The house is very old, and hasn’t been lived in for several years, so would require some repairs and renovations. This is a once in a lifetime opportunity and we would like to accept the offer, but don’t want to regret it later. What are some important things we should consider before saying yes or no? + +Edit: I want to add that I trust these people wholeheartedly. I say friends because we aren’t blood-related, but they are closer to us than family and I know with absolute certainty they’d never do anything to scheme or harm us in anyway. They are just this nice. + +Edit: I would like to thank everyone who responded, especially those who provided sound and thoughtful advice. I’m completely shocked at how much feedback I received from this post, but appreciate it tremendously. You all have given my partner and I A LOT to consider. +I have my normal 50 hr week job but if people ask what I do I want to start saying I'm on insurance writer based on all these dank premiums we keep collecting +I have my normal 50 hr week job but if people ask what I do I want to start saying I'm on insurance writer based on all these dank premiums we keep collecting +The squeeze has not squoze! I repeat, the squeeze has not squeeze! + +&#x200B; + +https://preview.redd.it/030mhipwmrg61.jpg?width=960&format=pjpg&auto=webp&s=dab23135b2e288db3dcbc6b8467cc3883fecb5cd + +most likely that 78.46 number is low and we're still over 100% short interest. + +🚀🚀🚀 + +&#x200B; +CreamPYE is here to deliver industry-disrupting technology and has the firepower to make it happen. This is a team of highly experienced developers, entrepreneurs, and marketers with decades of experience. They are using their platform not only to change the crypto industry forever, but also emphasize a cornerstone belief in charitable contributions. They are making an impact within the crypto world as well as outside the crypto world. They are not just here to take part, **they are here to take over.** + +**Overview:** + +* The entire team of 15+ members showed faces and listed business address publicly. +* **Actual use case** CEX/DEX hybrid exchange which will focus highly on customer service and experience (much needed before the masses can adopt in to new crypto). Augmented reality, NFT marketplace, PYE Charts. $290k charity donations already made. Very extensive roadmap. +* Contracts have been signed with both WhiteBit and ProBit. Trading will go live this week. +* Team has over 15+ years of experience building businesses. Creampye team has done marketing campaigns over **$100m USD** in past projects +* Relatively small Marketcap (40m). +* You are early - Project is 20 days old and growing exponentially. <1,500 reddit members. <16,000 holders. Might be your last chance to be “early” +* Tokenomics pay out 5% **Passive income** for holders! +* The team has built a variety of very successful businesses already. These are not kids in their parents’ basement. They are legitimate business moguls running a full-on operation. +* Hacken audit has been passed (received a score of 100%) and the whitepaper has been published. + +**Who Runs Creampye?** If you hang around this world of crypto long enough, unfortunately you may run into some teams that you cannot trust. I invite you to look at the pinned tweet on Creampye’s Twitter (@creampyetoken). The entire team of 15+ members has shown faces, they each have a mini biography on the website, and there is a business address listed publicly. See for yourself. + +**What Is Creampye?** Creampye (Pye) is a new token focused on creating new technology in the world of crypto and simplifying the process for mass adoption. They are working on a new exchange, Pyeswap, that will become the industry standard for purchasing crypto. This exchange will make crypto far easier to buy than it ever has before. Not only that, much of the focus will be on a simplified, friendly user experience that makes it easy for any average Joe to purchase crypto. This is desperately needed before the masses can enter the market. It is almost impossible to teach a newcomer to the world of crypto the multi step process of acquiring BNB, using pancakeswap, and storing tokens in a wallet. PYE is going to change this by making it easier to purchase all crypto currencies and we will be focusing on customer service and experience. They are also launching PYEcharts in a few weeks, an NFT marketplace, and have just passed a completed audit with flying colors (Audit done by Hacken). + +**Charity** CreamPYE was created in order to make a difference. The token has included that 0.1% of all transactions are sent to a charity wallet. The team has made due on this already by donating not one, but two donations totaling $290k to Action Against Hunger only one month into its existence! The team behind CreamPYE has been involved with numerous charities from business ventures in the past. They have donated millions of dollars to various charities and it is a core component of the team values. Here at Creampye, we are proving that the world of crypto can make a positive impact on the world through our charity donations. + +**The Entry Point. You are early.** PYE’s goal is to become a top 10 token. We have the community, the experience, and the tech to back that goal. We were consolidating for the past few weeks and I have been posting about how it may have been the last time we saw those prices. We have just broken through the all time high, but with a market cap of only $40m, you are still early. We have nearly done a 400% in the last 4 days, and hardly any of the community has sold. We all believe in the project being the future of crypto. When we achieve our goal of becoming a top 10 token, that is over a 1000x gain from here. The holders, the community, and the exposure are growing exponentially. We have had YouTube posts and mentions from some of the biggest names in the game, including Torin Hoffman, Conor Kenny, and Alexandrus 1337. Just last week PYE was mentioned on the Pardon My Take podcast, which pulls in 1.5 million daily listeners. The CEO is good friends with business mogul Gary Vee (video of them hanging out posted in telegram), and former Miami Heat player Damian Jones recently retweeted Creampye. These are many exciting developments in the early days of PYE. + +**In conclusion** I have only given a brief overview here, but I invite you to do more research yourself. We are blazing our own trail in the world of crypto that will give investors access to an entirely new, user friendly ecosystem of programs. Many will try to replicate what we are creating for decades to come. Creampye is a results oriented, relentless, and highly experienced team. The last piece of the puzzle is more eyes on the project. This will happen we get listed on Whitebit and ProBit within the next few days. The contracts have already been signed. It’s happening. CMC and Coingecko has been applied for, soft dates have been given for more exchange listings, and big news is happening every single day. Do your own research and if you decide to join the Pye fam, buckle up, its going to be a crazy ride! + +**Where to buy?** + +\-Ticker is PYE + +\-Website: [https://www.creampye.com](https://www.creampye.com/) + +\-Telegram Group: [https://t.me/creampyetoken](https://t.me/creampyetoken) + +\-Twitter: [https://twitter.com/creampyetoken](https://twitter.com/creampyetoken) + +\-Reddit: [https://www.reddit.com/r/CreamPYE/](https://www.reddit.com/r/CreamPYE/) + +\-Discord: [https://discord.gg/rT8GdwnN](https://discord.gg/rT8GdwnN) +**Ranting is about to ensue** + + +Hey mods can we get some modding out here? All I see now are shit posts. + + +• "Top 5 coins of 2017 number 5 will shock you." + + +• "OMG guys buy into X super undervalued, low market. + cap, great whitepaper." + + +• "Guys WTF coin X is dropping fucking HODL." + + +• Shitty Lambo memes. + + +• "I'm out guys thanks for the roller coaster I've made 5000000000 dollars on X, Y, and Z." + + +Isn't this sub supposed to be about the technology and talking about, I don't know, the actually fucking markets? I understand that alot of noobs are jumping on the crypto hype but please keep your shitty memes to yourselves we don't have many subs this big about coins as a whole w/o censorship. + + +Mods please freaking mod ok. I've your having trouble controlling it all maybe open up some mod applications. At the very least raise the posting/commenting age and karma requirements. + + +^sorry ^I'm ^naturally ^salty ^as ^fuck. + + +Edit: I'd like to thank the mods for reaching out and taking all of our feedback. + +A couple more things and rule proposals. + +• Stop spamming your referral codes this isn't the place and no one is going to use it. + +• Cut it out with the low effort posts one one wants to rate your portfolio no one cares. + +• No more shit ICO's you know what mean the ones that are obviously spam + +• No more clickbaity BuzzFeed like shit. "Top 10 coins of 2017" + +I've talked to a mod and hopefully they are planning on implementing some new rules and allowing the community to vote on them as this sub continues to grow. + +^anyway ^thanks ^for ^listening ^to ^my ^annoying ^rant + + +I’m honestly still processing this, it doesn’t feel real? I come from a low socioeconomic family and when I was around 9 I befriended my elderly neighbour. She was lonely and had no family in Australia, and I wanted to escape my toxic home life. We ended up spending a lot of time together (which I was made fun of for by friends and family). +She developed dementia when I was 15. When it became dangerous for herself and others her affairs were taken over by a guardianship board due to having no family. I was only 16 so I didn’t really know what was happening or even have a say. In the end she was put into a pretty good nursing home and had her estate put under trust. +I continued to visit her even though it was confronting at times. She passed away this year and I was notified that I am the beneficiary to her estate and when I turn 25 it’s all mine (currently 22). I wasn’t really surprised since she had eluded to it a few times. +I wasn’t given any figures due to legal processes that take 3-6 months to consolidate the estate or something. But to be honest I didn’t mind because it gave me time to process things. +Well, today I got a letter in the mail that contained the assets of the estate. I was thinking maybe 100k but not getting my hopes up. I go straight to the bottom of the page and it says $501,256. My heart skipped a beat and I couldn’t breath for like 30 seconds. I had to quadruple take. +This is life changing. I can hardly believe it. I feel kind of delusional since this is just so crazy. Before anyone tells me, no I won’t be telling anyone. Thankfully I’m not naive when it comes to people. If any of my family members found out they’d expect 20k each. +First of all, I’d like some advice on how to prepare for this type of windfall. I’m pretty good with my finances. I have a great credit score if that even matters in Aus. I don’t have a very strong consumerist or materialistic mindset. I’d say I’m very frugal for my age group. In fact money isn’t really a motivator for me. Kind of ironic. +And second of all, if anyone has had a similar experience with inheritance in their mid twenties I’d really appreciate some wisdom or guidance. +Interim Equifax CEO’s Message in Wall Street Journal: + +On behalf of Equifax , I want to express my sincere and total apology to every consumer affected by our recent data breach. People across the country and around the world, including our friends and family members, put their trust in our company. We didn’t live up to expectations. + +We were hacked. That’s the simple fact. But we compounded the problem with insufficient support for consumers. Our website did not function as it should have, and our call center couldn’t manage the volume of calls we received. Answers to key consumer questions were too often delayed, incomplete or both. We know it’s our job to earn back your trust. + +We will act quickly and forcefully to correct our mistakes, while simultaneously developing a new approach to protecting consumer data. In the near term, our responsibility is to provide timely, reassuring support to every affected consumer. Our longer-term plan is to give consumers the power to protect and control access to their personal credit data. + +I was appointed Equifax’s interim chief executive officer on Tuesday. I won’t pretend to have figured out all the answers in two days. But I have been listening carefully to consumers and critics. I have heard the frustration and fear. I know we have to do a better job of helping you. + +Although we have made mistakes, we have successfully managed a tremendous volume of calls and clicks. And we’re getting better each day. But it’s not enough. I’ve told our team we have to do whatever it takes to upgrade the website and improve the call centers. + +We have started work on our website, and I see significant signs of progress. I won’t accept anything less than a superior process for consumers. We will make this site right or we will build another one from scratch. You have my word. + +The same goes for the call centers. There is no excuse for delayed calls or agents who can’t answer key questions. We will add agents and expand training until calls are answered promptly and knowledgeably. I will personally review a daily report on their operations. + +We will also extend the services we are offering consumers. We have heard your concern that the window to sign up for free credit freezes with Equifax is too brief, so we are extending the deadline to the end of January. Likewise, we are extending the sign-up period for TrustedID Premier, the complimentary package we are offering all U.S. consumers, through the end of January. + +We hope these immediate actions will go a long way toward addressing the concerns we are hearing from consumers. We know they won’t solve the larger problem. We have to see this breach as a turning point—not just for Equifax, but for everyone interested in protecting personal data. Consumers need the power to control access to personal data. + +Critics will say we are late to the party. But we have been studying and developing a potential solution for some time, as have others. Now it is time to act. + +So here is our commitment: By Jan. 31, Equifax will offer a new service allowing all consumers the option of controlling access to their personal credit data. The service we are developing will let consumers easily lock and unlock access to their Equifax credit files. You will be able to do this at will. It will be reliable, safe and simple. Most significantly, the service will be offered free, for life. + +With the extension of the complimentary TrustedID package and free credit freezes into the new year, combined with the introduction of this new service by the end of January, we will be able to offer consumers both short- and long-term support for their personal data security. + +There is no magic cure for data breaches. As we all know, every organization is at risk. When consumers have access to our new service, however, the cybercrime business will become a lot more difficult, and we are committed to doing what we can to help millions of consumers rest easier. + +Mr. Rego Barros is interim CEO of Equifax. +I messed up pretty bad, I started using the pay day advance apps like earnin and Dave, I thought they would be helpful in getting bills and stuff taken care of. Well now I am stuck in the cycle. + +I got paid last Wednesday and 75 percent of my paycheck went to paying them back and the last bit went to other bills. So I was forced to use them again as a means to buy food and stuff. + +I feel trapped and don’t know how to break the cycle this is only the second pay period and I already see the pattern of how they operate. I thought about taking out one big loan but I have no credit and can’t get approved. + +I don’t know what to do. Any advice is welcome, please don’t be mean I know I’m dumb. + + +Edit: numbers: I am currently wrapped up in about 600$ in payday loans. My average paycheck is anywhere from 7-800$. I get paid every two weeks my phone bill hits tomorrow and will send my bank account negative until next Wednesday. +I think we need a new sub for people who actually understand/are living in poverty, as opposed to the folks trying increase their credit scores or or whine about how they only have 5k in Savings. + + +If you have to make the choice between eating or getting evicted, that’s poverty. Going without cel phone service for a month to keep the gas from being shut off is poverty. Going through an inventory of all the things you may be able to pawn or sell to put gas in your car to get to your shitty job or the closest food bank and maybe pay part of your ridiculous overdraft fees is poverty. + + +I understand that being broke is subjective, but it gets a little hard to take when you come onto this sub looking for real ideas in how to simply survive and all you read is posts by privileged folks looking to get a better apr on their loans or diversify their portfolios. + +Not trying to gatekeep here, just ranting. +It wouldn't make sense for landlords to evict so many of their tenants as there wouldn't be people that could afford to pay the normal price for rent, hence their apartments would be empty. Since landlords would rather settle for less than normal rent over nothing, wouldn't they just lower prices to prevent the surplus of apartments from happening? +Mods need to re-sticky the CS guide ASAP, but that aside, use your tiny walnut sized brains for just a second and strain until your ears bleed till you can form a wrinkle around this one idea: this past quarter we have BOMBARDED this sub with cries, pleas, demands and guides on DRS and Computershare; it was within this past quarter that we decoded RC's tweets on the issue and he has NOT ONCE SINCE posted ANY other relevant cryptic hints that might pertain to CS--he knows we got it. At this point it's not about figuring it out, it's about everyone doing their part, getting off their ass, and registering their shares NOW. I 100%'ed by shares months ago thinking I had to get on this quick because I knew back in early fall that this was the final blow. + +&#x200B; + +Those of you who are still suspicious, or too lazy, or too hesitant: JUST FUCKING DO IT. + +It is painless. It is quick. It costs nothing but time and a small fee only if you're buying new shares. + +**THEY HAVE LESS THAN ZERO REASON TO MENTION ANYTHING ABOUT REGISTERED SHARES UNLESS IT WAS A DIRECT MESSAGE TO US THAT WHAT WE ARE DOING IS WORKING, AND AS A COMPANY THEY STAND TO BENEFIT IN NO WAY BY INCLUDING THAT IN AN EARNINGS REPORT, WHEREIN SUCH A STATEMENT HAS NEVER BEEN MADE PREVIOUSLY.** + +DRS now. You have no excuses left. This is it. YOU WILL BE LEFT BEHIND OTHERWISE. As we've seen with Fidelity, it's no longer an option of "convenience". It is the only way this happens. + +EDIT: I'm adding this particular line because I'm seeing a lot of this in the comments--if anyone smarter than myself can teach or provide DD on how people can transfer their 401k or other holdings to CS, please do so here! + + +**2nd EDIT: THE CS GUIDE HAS BEEN RESTICKIED ON THE FRONT PAGE, THANK YOU MODS!** +Ethereum's price was **$100 in February 2019** + +Ethereum price was **$200 in May** **2020** + +In 1 January 2021, the price was **$770** + +Currently it's at **$1,930** + +If you didn't invest during the ATH, probably you are still up 2-3x. + +People are talking about how it's down 50-60% from it's ATH. + +I just wanted to highlight the performance of Ethereum and how good investment it has been throughout the years. + +Never stop believing in ETH. +EDIT: HOLY MOLY. I was honestly hoping for a few responses, so THANK YOU! I’m still working my way through reading all of the comments, but keep them coming! This post has become such a wealth of information and I’m very grateful for that. I’ve learned that where many of you live, our 5% we have saved would in fact be a 20% down payment, which is slightly depressing. I also really appreciate the comments discussing the current market and the downsides to buying right now. Again, thank you all so, so much! +• +• +• +• +• + +I’m not being facetious, I’m genuinely asking if someone can explain to me (like I’m five) the steps to take to buying a house. + +We will have around 5% to put down in a month or two, and that’s all I’ve got so far. + + +Do you get pre-qualified for a loan first? Is the bank a best place for that? + +Do I just go on Zillow and set up tours? Is a realtor better? + +People always mention closing costs…does that need to be something you save for separately? Or do you factor that into the loan? + + +We will be first time homebuyers. We don’t have any family near by and have two small children. We need the help and are looking to move close to family. Renting isn’t going to be an option because we will never find a house to rent in our price range that will allow our dog as well. Thank you for the help! +This subreddit has been a great source of support and advice for me over the years, so I thought I’d just post my tips before I un-sub. Today I sold my final rental for a 388% profit, not including rent collected which was about 25% ROI per year. + +First and foremost, I kind of got lucky. I bought during the real estate collapse of 2008-2010 in Tampa, Florida. I say “sort of” got lucky in that I knew prices were only temporarily deflated and they would certainly hit new all-time highs within my lifetime. + +I bought a total of 6 homes, most in the $40K to $55K price range. I sold them all for a range from $193K to $228K, and the vast majority I sold within the last 6 months. I didn’t use leverage except for two homes. My strategy was to buy “cash-only” homes that would have great difficulty passing a 4-point inspection. In this way, the pool of buyers was 1% of what a typical house would be for. In other words, only investors looking to make a profit were potential buyers. + +Each of these homes I worked on mostly by myself and a handyman who recently passed away. I had them rented for anywhere from $900 per month to $1,250 per month. + +**Why did you quit?** + +I quit because I just got tired of all the hassle. Also, I hit my FIRE number and I want to simplify my life. I would have renters calling me for the stupidest shit. Here are some examples of actual calls: + +(series of 5 messages, about an exterminator they called to set up service) “Where is the exterminator? They said they would be here at 1pm. It’s 1:15pm. They are late.” +“I saw my neighbor jump out of the back of a pickup truck and his doctor said he shouldn’t be doing any physical activity. So I’m reporting this to you.” +(this one is hard to believe, and I used to have the message saved and played it for everyone I knew) “I’m calling the EPA and reporting the property. Cats have been melting. I told Judge Judy about it and she was here.” + +I also quit because the prices in Tampa are just so damn high right now. + +**What are your rules?** + +Rule #1: No past evictions, no exceptions. Only once did I go against this and boy was I ever sorry. Didn’t have to learn that lesson twice. Also, going forward I told all renters, “I’m renting to you because you don’t have an eviction. Don’t ever get one- they don’t leave your record like bankruptcy or a debt owed. It’s there forever.” + +Rule #2: Don’t duck me. I make this one VERY CLEAR. I tell renters, “Listen, I get it. Shit happens. Maybe you get fired or have some situation where you need to be late on rent. Okay, fine, let’s work something out. But don’t ever duck me. If you duck me I will assume the worst and act accordingly. +What properties did you buy? + +I looked for homes in good school zones that were the cheapest home in that zone. Naturally, some of these homes grouped together which was helpful. What I ended up with was a lot of newly divorced moms that just wanted to keep their kid in the current school. +What did you look for in renters? + +I ended up figuring out that the older the person is, the longer they tended to stay. It was pretty much a perfect coloration. Young people would stay 1 year max, the older mom’s would stay until their kid hit college. I rented to one woman for 8 years. + +**What tips do you have?** + +Being a good landlord, at least for me, was about building relationships. Relationships with your renters (which also means picking renters capable of having a good relationship) and relationships with handymen, contractors, etc. + +I also have construction experience, which I think is the most overlooked part of being a landlord. Fixing stuff is your #1 expense you can control. I did most of the work myself but at the end I subcontracted everything out except small stuff like changing locks, etc. I developed a friend with a retired contractor who had a lot of free time and he loved giving me advice on well maintenance, septic systems, and so on. His advice saved me thousands over the years. + +I guess that’s it. Good luck in your real estate endeavors. I wonder if we will have another downturn like in 2008-2010. That period of time made it a lot easier and accounted for the vast majority of my profits. Who knows, if we have a repeat I might go all-in. My only regret was during that time I was convinced to only spend cash. +Most of the sleeper picks people post are already in the top 20 market caps, so they are established coins with room to grow, but you're unlikely to see a 1000% return like you would get with an actual sleeper. + +So what's everyone's sleeper picks for 2018? + +Mine are GVT and AION (both on Binance) + +EDIT: Add the exchanges you can get them on +For 24 hr fitness members, section 6 of your contact states for the times they are unable to provide the services you are able to get a prorated refund. That being said, I contacted them and they refused to provide the refund, the gym closed half way through March and I did a charge back for half the cost of my monthly membership, my bank was great and refunded me it. + +24 hr Fitness charged again for the full month of April and I did a charge-back for the total cost, and 24 hr fitness has been emailing every few days asking me to call them to resolve the charge-back. + +That being said, when this entire thing blows over, what is the best approach to handle the situation - I doubt they'll let me into the gyms without getting their dues that I ended up charging-back, if so, what would you suggest be the next steps. + +. + +Edit: Their phone numbers in the email has an automated message saying that all call centers are closed that hangs up itself. They've added a outstanding balance of $62 ($20. 50 +$41.50, for the month and half month) to be owed to my account. +I’m a loan processor, and read credit reports all day long. I see massive amounts of student loan debt. Sometimes 5-8 outstanding loans per borrower that they haven’t paid a cent toward in over 2 years. *Big* balances too. + +Once the payments resume, there are going to be hundreds (in some cases thousands) of dollars per borrower coming out of consumer discretionary spending in the US. + +I don’t think for a second that any meaningful loan forgiveness is coming; and if it is, that’s going to cause its own problems. In that case, those dollars are going to be removed from the government instead, and the difference is going to have to be made up somewhere, I’m assuming from higher taxes. + +We’re pretty much “damned if we do, damned if we don’t”, right? +How much would you make if you bought at the day's Close and sell next day at Open, nightly strategy? + +I wondered so I wrote backtest to test all the active stocks from 2019-01-01. + +Stocks that are younger than that are not included in the backtest. + +Getting so much data can be finnicky so I did 2 runs: + +- adjusted price (for splits and dividends) +- not adjusted price + + +There will be some discrepancies between those 2, but other than stock HCHC I didn't find big ones. + + +There's a lot of data so please take a look yourself: + +**Sheet:** + +- https://docs.google.com/spreadsheets/d/1SM2hRW_xb-u1R9ItfBNfZi8lKvBTcfkhsczSzQtkhoU/edit?usp=sharing + + +**Charts:** + +Each stock has their own chart with 3 benchmarks: + +- SPY buy and hold +- stock buy and hold +- stock daily trade: buy at Open sell at Close + +Charts are also divided for adjusted and not adjusted prices + +*Adjusted:* + +- https://drive.google.com/file/d/18lUGfTyOx6dyWkYne7zah3b6466Yaca2/view?usp=sharing + +*Not adjusted:* + +- https://drive.google.com/file/d/1kLYV3dzMW0wOz508eDb_Eezle53S9vBr/view?usp=sharing + + +There you go, let me know if you find something interesting. +________________________________________________________________________ +*Edit: I did not make these trades, last 2 years means I took data from 2 years ago till today* + +*P.S. write down your backtesting requests and I'll see to fulfill if have time.* +Just kind of a rant, but it annoys the hell out of me when people talk about market moves in points, like the DOW dropped 500 points today rather than just saying the DOW dropped 2% today (or whatever the equivalent is). Throwing out some arbitrary point value like 500 has not context to me without me actively looking up what the current price of the DOW is, while using a percentage gives me all the information in just a single metric. +So if you're recently graduated, unemployed, or have another life event don't be surprised to see a $12 a month "account maintenance fee" if your account has a penny under $1500 at any time throughout the month. + +Edit: Congratulations to all the students graduating this month and the next. I know bank fees are the last thing you want to be concerned about while graduating and looking for a job, but it's always important to stay on top of your personal finance and I hope this reminder has been helpful. I know many of you signed up for the account when you were sixteen. I'm glad that this made the front page of Reddit and I thank the mods for stickying this for this month. If just one person saves some money from this reminder, I'll be happy. + +Edit 2: If you have a direct deposit of $250+ every month from your job you will also dodge this fee. This post was targeted at the soon to be unemployed so that probably isn't relevant to you however. The comments are full of alternative banks and credit unions with no such fee if you're interested in switching, and [this comment covers how many of the former loopholes people used to avoid this fee have been closed.](https://www.reddit.com/r/personalfinance/comments/6c35ne/this_is_just_a_reminder_that_bank_of_america/dhs1b3j/) I also saw a comment that there was a class action lawsuit when a certain amount type had this happen to them, so if you've never seen this fee you may have been grandfathered in under that account type. +Welcome to the Community Discussion thread of [r/EthTrader](https://www.reddit.com/r/EthTrader/). + +This thread is a place for community meta discussion - to learn or make suggestions for how community members could be better served. Donuts are a welcome topic here as is non-donut related discussion. + +[Earn donuts for providing uniswap liquidity on the DONUT-ETH pair](https://cloudflare-ipfs.com/ipfs/QmajDWDWim8r6muJP1DgFysEAiWVYFf5spw9itY5MgX24W): 100k donuts distributed each week. + +[How to register for Donuts](https://www.reddit.com/r/ethtrader/wiki/donuts/how_to_register) + +[Previous Community Discussion](https://www.reddit.com/r/ethtrader/comments/nsxjw7/daily_discussion/). +Today was a bit of a shit show for a lot of the idiots on here including myself so i figured i might give some background on my situation so some of you don’t feel so alone on your losses. I started my yolo journey by throwing 3k into the market around mid 2019. It wasn’t a lot for me but i had no idea what i was doing so it felt risky. Anyways i quickly lost half of it and proceeded to top up my brokerage account and try again over and over losing more and more. I made some small gains in the early half of 2020 but from September onwards i quickly lost all of those gains and sat at around 20% down overall at the end of 2020 with my portfolio being worth about 25k. Long story short i am now 22% down on all 7 of my holdings with my smallest percentage loss being 14% and my biggest being 44%. I have lost money on every single trade i have made since September. In truth the money i am down is not the worst part for me. It’s the slow drip over the past few months that hurts and makes every day a bit shit. I bought IXR last week and am already down 29%. Anyway i understand that i am actually an idiot and i do just have a gambling problem but i figured this may offer some consolation to someone on here. Just know you aren’t alone. I have made a promise to myself that i absolutely will not put anymore money into the market from here on out. I am also seriously considering selling off all my positions and going full recovery mode in an ETF so i can look away and have some peace of mind for a bit. So yeah thats about it. + +TLDR: DLC 🚀🚀🚀🚀 +Hype up a stock to pump price up, and then they themselves will dump it. + +Or talk shit about a stock to drive price down, and then they themselves will buy it. + +Their hedge fund is called Motley Fool Asset Management. Their articles have a large readership audience that this theory is definitely possible. What do you guys think? +If you haven’t been browsing WSB or doing your own research, you’d probably think that the people on Twitter are correct in saying there is a silver squeeze happening and we should all get in on it. There are quite a few wsb-logo Twitter accounts pushing this. This is BS & the straight up the ANTITHESIS of who we are. + +By buying silver/going long on silver, you would be directly putting money into the pockets of the EXACT HEDGE FUNDS ON THE OTHER SIDE OF $GME 🚀 🚀 🚀 💎 🙌 The hedge funds are LONG silver NOT short silver. + +The media, Wall Street, normies, and every other non-WSB autist are trying to push you to buy silver. This would be a tragic, irreversible decision that not only will most likely not make you any money because the squeeze is fake, it will put you on the sidelines from this righteous and glorious war we are in. + +If you are looking for alternative investments to GME, I’d recommend simply getting in on the $BANG GANG- Blackberry, AMC, Nokia, and GME. + +For the feds and the media and all the dumb people reading this, I am the last thing from a financial advisor and am a complete, 100%, full retard autist. + +BANG GANG CHEEEEEEEHOOOOOOOOO + +Edit: I am not talking down on silver as an investment, I am not saying it's not a good hedge, I'm not saying anything bad about silver in any form. I'm simply pointing out that right now, this "squeeze" that all these people are referring to is definitely not a "squeeze" at all and is an artificial hedge-fund driven attempt to reduce the GME momentum and we should all be cognizant of the media manipulation and happening everywhere including right here. For all you that want to buy silver, great, buying the bullion directly in my humble autistic opinion is better than shares in a fund that supposedly buys it but don't trust some autist on the internet. BANG GANG + +Edit #2: Fellow autists, we have ascended to the #2 post on all of reddit. Our $GME gains this week and beyond will carry us to the gates of Valhalla. Look to your left, now look to your right, these are your brethren and sisterthren who will diamond hands with you until we all pass down these tendies to our children's children. Onward. +Let me preface this by saying that although about 110% of my income goes to bills, only about 90% of my husband's income goes to bills (this is an ongoing point of contention), so our family isn't at risk of being homeless or starving. + +Yesterday was my step daughter's 12th birthday. Between everyone in her families, she received $540 in just cash. I was so happy for her as she proudly counted it out in front of us last night, but it also made me want to cry. What kind of life am I living that my dependant has more money than I do? + +I'm so ashamed of my financial situation that my husband is the only one who knows how bad things are so I just needed to get this off my chest. While it is crushingly depressing, I have never been more motivated to get my finances under control. +It's tempting to buy some of the top growth companies after the recent market downturn but history tells us that in 5 years 1-2 of the top 10 stocks will change and in 10 years up to half could be different. + +There is a chance one of the top 10 stocks at the end of 2021 already has hit there all time highs and may not fully recover. + +The top 10 stocks in the US at the end of 2021 before most of the sell off were: + +1. Apple +2. Microsoft +3. Alphabet +4. Amazon +5. Meta +6. Tesla +7. Berkshire Hathaway +8. Nvidia +9. Visa +10. JP Morgan and Chase + +For international top 10 add in Tencent, Alibaba, and TSMC to the mix. Already from the end of 2021 to the second quarter, Alibaba and TSMC are out and UnitedHealth and JNJ are in. + +Personally, I think that Berkshire Hathaway and Nvidia are good bets to be out in 5-10 years. Berkshire because of questions about what is the company like when Buffett and Munger pass away. Nvidia I think may still be the leader in GPUs but never get back to previous all time highs due to decreased crypto mining demand. + +JP Morgan and Visa could flirt in and out of the top ten also. + +What companies do you think will be out of the top ten in 5-10 year? And the million dollar question, which companies will replace them? +**At the bottom I have given best source to start understanding annual report** + +&#x200B; + +There are many reasons to read like knowing Financial strength, future prospect, etc. But I'm only talking about the Fake cash profit culprit = The receivables (product sold by companies but allows customer to pay later on) + +There are two kind of profits: + +>**-The fake cash profit = Accounting profit** +> +>**-The real cash profit = Cash profit** + +**Three Financial statements:** + +>\- **Balance Sheet** (Companies will try to teach you that both sides doesn't match but believe me they do match - [Safalniveshak](https://www.safalniveshak.com/)) +> +>\- **Income Statement** (Profit and loss statement) (EPS -***Brahmāstra*** of companies **to showcase growth**) +> +>\- **Cash Flow Statement** (The real ***Brahmāstra*** of an Investors which help in finding The real cash profit = Cash profit) + +&#x200B; + +Back to fake cash and real cash profit: + +In Income (Profit and loss) statement which showcases **EPS** don't include: + +\-**The money which customer haven't paid to the company yet even after taking product home (which may default in future)** + +&#x200B; + +In short If I sold 30 Samosa = 1 Rs Samosa It's Year 1998 I'm talking about. + +I'll write EPS based on the price of 30 samosas in my **Income Statement** + +Psst ! even if in reality I only received 25 Rs. Why? + +\-I let 5 friends have samosa and allowed them to pay me later on. (Noted as receivables on balance sheet **but remember my EPS on income statement always shows I got Money Rs 30 for all 30 samosa sold**). + +You get it? for inflating EPS the main culprit is 5 Rs receivables from my 5 friends which I may or may not get !!! **but a good way to showcase growth** + +That actual reality is presented very well in **Cash Flow statement**. + +How ? + +Like this: + +For EPS : (Not going deep by doing no. of shareholders and all but right now its only me) + +**Byyaji Samosewala:** + +Inventory = 20Rs + +Used = 10Rs inventory to make 30 samosas + +30 samosa sold per 1Rs. + +&#x200B; + +>**10Rs inventory generated 30 Rs cash** + +&#x200B; + +Net cash = 30-5(friends which haven't paid yet) = **25 Rs** **net cash flow from operation**. + +**Net cash flow from operation is a Part of Cashflow statement** + +**25Rs (Cash in CFS) < 30Rs (EPS in ICS)** + +Still there are things like depreciation, tax, payables (inventories bought without paying money) and some other fancy things in accounting which can make changes to above numbers. + +&#x200B; + +***Edit : This is how accounting works. This is called accrual accounting. I'm just being skeptical here and calling The fake cash profit (EPS) in the sense some companies misuses this to show case growth. And many short term trading behavior is based on EPS. EPS fall stock falls, EPS jump Stock jumps but real picture is only seen with cashflow statement.*** \*\*\****You can refer EPS from income statement*** ***but don't just depend on it.***\*\*\* + +***Well there are many other things to miss use too in report.*** + +&#x200B; + +>**The key takeaway here is that the income statement and cash flow statement can tell different stories about a business because they’re constructed using different sets of rules. The income statement strives to match revenues and expenses as closely as possible.** +> +>**But the cash flow statement cares only about the dollar bills that go in and out the door, regardless of the timing of the actions that generated those dollar bills.** +> +>\- Pat Dorsey (The Five Rules for Successful Stock Investing Book ) + +&#x200B; + +For understanding better you'll need to learn + +**Great Sources:** + +\-**The Five Rules for Successful Stock Investing** Book by Pat Dorsey \[This bloody book don't have just 5 principles it actually also include industry study and many other relevant part of investment- **very underrated book**\] - I'm still reading it. + +\- **Free Youtube safalniveshak videos** (Guy who sent Warren buffet his latest book this year): + +[BS,IS,CF,ROE (he is telling you in videos meaning of each line)](https://www.safalniveshak.com/investing-classroom/) + +Watch videos in this orders:-Balance sheet->Income Statement->Cash flow statement-> Others +**THE BIG PICTURE** + +Realizing every gamers dream by providing them an all-in-one platform that rewards them for playing their favorite games. Esports enjoy an audience of around 456 million people and only a handful are exposed to crypto yet, this is where ‘HyperChain X’ comes in. + +In a nutshell, this is a gaming revolution for gamers, by gamers, connecting consumers and investors in one platform that has a new social media experience on the blockchain! + +&#x200B; + +**WHAT IS HYPERCHAIN X?** + +HyperChain X is an automated self-staking token with anti-dumb mechanics build into the contract created on the 18h of july, 2021 by Josh Quantum & Yuri Mar with the LP-tokens locked in dextools. This proven rugg proof community driven project has an actual doxxed team behind it that is full time active with the development. Futuristic branding, great design, innovations and good marketing are elements that “HyperChain X'' represents. + +HyperChain X is the first gaming & esports community driven token in crypto that brings all elements together. Focused on hottest games in the industry like; Call of Duty, Apex Legends, FIFA21, NBA2K21, Mortal Kombat, Fortnite, Rocket League and many more. This will let HYPER reach a BIG audience! + +&#x200B; + +**TOKENOMIC (anti-dump & anti-bot mechanics)** + +**Buy-in fee** + +\- 2% back to liquidity pool + +\- 2% marketing wallet + +\- 1% back to holders + +\- Delay time for new buy-in = 1 minute + + +**Selling fee** + +How do the selling tokenomics work? + +One can sell a maximum of 20 times within 24 hours. + +This would be 100% of $HYPER tokens in the wallet of most holders (except whales). + +These features prevent a single seller from dumping the price by selling large amounts quickly. + + +**The basics:** + +\- 6 hour selling window + +\- Max 5 sells within a selling window + +\- Waiting time is 30 minutes after each sell + +\- 4 selling windows within 24 hours + +\- Max 20 sells per day + + +**The two tiers:** + +**Tier 1:** + +\- Max price impact = 0.10% + +\- Liquidity fee = 4% + +\- Marketing fee = 4% + +\- Tax fee= 2% + +\- Waiting time = 30 minutes + + +Slippage: 11% - 12% + + +**Tier 2:** + +\- Max price impact = 0.20% + +\- Liquidity fee = 9% + +\- Marketing fee = 9% + +\- Tax fee= 2% + +\- Waiting time = 30 minutes + + +Slippage: 22% - 23% + +&#x200B; + +**Important Links:** + +website: [https://hyperchainx.com](https://hyperchainx.com) + +telegram: [https://t.me/hyperchainx](https://t.me/hyperchainx) + +twitter: [https://twitter.com/hyperchainx](https://twitter.com/hyperchainx) + +instagram: [https://www.instagram.com/hyperchainx](https://www.instagram.com/hyperchainx) + +contract address: 0x25b15e17164b97202616e36af1234db944121185 +[https://blog.robinhood.com/](https://blog.robinhood.com/) + +*Robinhood CEO Vlad Tenev shared the below to Robinhood employees following a company-wide meeting to discuss the changes.* + +Today we made the difficult announcement that we are letting go approximately 9% of our full-time employees. While this decision was necessary, it was not one we undertook lightly, and I’d like to share our rationale.  + +As you know, throughout 2020 and H1 2021, we went through a period of hyper growth accelerated by several factors including pandemic lockdowns, low interest rates, and fiscal stimulus. We grew net funded accounts from 5M to 22M and revenue from \~$278M in 2019 to over $1.8B in 2021. To meet customer and market demands, we grew our headcount almost 6X from 700 to nearly 3800 in that time period. + +This rapid headcount growth has led to some duplicate roles and job functions, and more layers and complexity than are optimal. After carefully considering all these factors, we determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency, increase our velocity, and ensure that we are responsive to the changing needs of our customers. +https://www.cnbc.com/2021/03/23/intel-is-spending-20-billion-to-build-two-new-chip-plants-in-arizona.html + +- Intel announced on Tuesday that it will spend $20 billion to build two major factories in Arizona. + +- The news comes amid a worldwide chip shortage that is snarling industries from automobiles to electronics and worries the U.S. is falling behind in semiconductor manufacturing. + +- The announcement signals that Intel will continue to focus on manufacturing. + +“Intel is and will remain a leading developer of process technology, a major manufacturer of semiconductors, and the leading provider of silicon globally,” Gelsinger said. + +Intel also said that it will act as a “foundry,” or a manufacturing partner, for other chip companies that focus on semiconductor design but need a company to actually make the chips. Intel said its foundry subsidiary will be called Intel Foundry Services and will be led by Randhir Thakur, a current Intel senior vice president. + +Gelsinger said the foundry business will compete in a market potentially worth $100 billion by 2025 and will manufacture a range of chips, including chips based on ARM technology, which are used in mobile devices, and has historically competed with Intel’s favored x86 technology. + +A slide displayed by Intel suggested that companies including Amazon, Google, Microsoft and Qualcomm could be customers for the business. Microsoft CEO Satya Nadella appeared at Gelsinger’s talk in a show of support for Intel’s move. +**Edit - Due to my misunderstanding of crypto, NFT dividend has been changed to 'Non-standard'. The point I'm conveying is that a dividend that can't easily be obtained by short sellers to cover.** + +&#x200B; + +**TL;DR - The naked shorting scandal is much worse than you may have first believed. The 'real' shares in your account hold the exact same rights as any other, but behind the curtain, the DTCC has historically covered up the FTDs and mass naked shorting using CEBE (Counterfeit Electronic Book Entries). This is the DTCC's way of maintaining this reverse Ponzi scheme. This is why a 'non-standard' dividend would ruin them, as they can’t ‘cook the books’ for everyone to get one. The DTCC is fuk.** + +&#x200B; + +**Edit - If the DTCC wasn't royally fucked...why would they be passing so many rules to push the blame on to the participants? Tits = Jacqued** + +&#x200B; + +[**Docs link**](https://docs.google.com/document/d/e/2PACX-1vSsrsCvdsDUQK-yapdQllwk0PqzN6jZgG-ykDi6csJfJC3fvFrnpp5sZuMa8oQneUhLDY3z78vVFd8s/pub) + +&#x200B; + +House of Cards was an extraordinary insight to the inner workings of the DTCC. If you haven't read it by now, you should before you read this post, as it assumes a fundamental knowledge of them. I have also obtained much data here from the naked short selling expert Jim DeCosta. If you haven't read his letters to the SEC, **I urge you too.** They're long but they were dumbed down so even the SEC could understand them. + +&#x200B; + +I ain't no financial advisor. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A brief history - + +*For ease of typing I will be using NSS to refer to Naked Short Selling.* + +&#x200B; + +&#x200B; + +https://preview.redd.it/97pzaly4tt871.png?width=254&format=png&auto=webp&s=c655a0725b3d4a01b5a28cbaed1df4e3b02a36e3 + +&#x200B; + +NSS has been as systemic issue YEARS before the financial crash of 2008. There were warnings of this to the SEC back in 2006 and of course, they did nothing. The small changes they did implement were miniscule in effect, which continued to enable predatory short sellers to cause financial 'death spirals' to bankruptcy. + +&#x200B; + +Do you know how institutions defended NSS as a necessary evil in the markets? **Pump and dumps.** + +&#x200B; + +NSS was meant to 'curb the fraud' and 'protect investors'. It was argued that pump and dumps would run riot without the ability to sell shares they couldn't borrow. Collectively, these 'shareholder advocates' are generously offering their services in the fight back against pump and dumps. + +They're offering to step up and volunteer to become a pseudo-sheriff and sell non-existent stocks into the hands of 'about to become victims'. They don't own the shares, nor did they check the 'borrowability' of them. **They're generously volunteering to take the investors money in exchange for a CEBE,** artificially raising the supply. This of course, immediately does damage to the investment, the company and existing shareholders. + +After the naked short has been done, what now? Well the 'would be victim' and the 'shareholder advocate' now fundamentally have goals that are polar opposite. The buyer wants the stock to go to the moon. The naked short seller wants the business to bankrupt. It begs the question; **why would an entity volunteering to protect against fraud, still take the money of the investor?** + +&#x200B; + +***Wouldn't you agree that pump and dumps and NSS go hand in hand? Pump up a stock and then bear raid it into the ground? It was a way to maximize profit on the DOWN in the dump phase.*** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 1+1 = 3 + +&#x200B; + +The maximum amount of shares that can **LEGALLY** be sold short is governed by the number shares that can **LEGALLY** be borrowed. NSS ignores this fundamental basic mechanism. In fact, the DTCC enables this further due to the fact a single share can be lent out in multiple directions. This is the reason for FTDs in the hundreds of percent. + +**So how does this play into GameStop? How do you know your share is a real share and not a CEBE?** + +&#x200B; + +# Answer : YOU DON'T, AND IT DOESN’T FUCKING MATTER. ONE. BIT. + +&#x200B; + +To the general public, your share is as good as my share. It holds the same rights as any other. If I hold 100 shares of the same 1 share, it doesn’t matter one bit. I have the legal rights to 100 shares. + +You know who it does matter to? The DTCC and its’ participants. They have an accounting nightmare on their hands. + +Imagine the DTCC selling the same lambo 100 times? Those 100 buyers believe they own a lambo, can sell the title to the lambo, heck they can even use the car as collateral! Well, what happens when Lamborghini decide to issue every single owner with a special keychain? + +The DTCC can’t replicate this keychain and you as an owner are still legally entitled to receive it. + +&#x200B; + +https://preview.redd.it/x6835ephtt871.png?width=679&format=png&auto=webp&s=8c81d33ae1ab915c044ac27395a8ff5d79d769ce + +&#x200B; + +This is the same situation as GameStop. You thought you were buying shares from a 'real shareholder'. You see a number of shares in your brokerage account. Why would you even think for one second that the shares aren't even there? **You see no reason to ask for the validity of the delivery of certificated shares.** It's also why brokers strongly advocate against clients demanding paper certificates of their shares. One firm in 1999 urged fellow DTCC participants to hike up fees for share certificates to hinder investors demanding proof of purchase. + +So you bought some shares. You see the number. Where are they? Well, they’re 'conveniently' held in an anonymous 'pool' of all of the other shares. It's like taking a bunch of green skittles (real shares) and red skittles (naked shares) and throwing them into a bag, mixing em' up and asking a colorblind person to pick one out? + +To them? It’s any old skittle. + +Now what if all the red skittles all needed to be taken back? + +What if the bag was FULL of red skittles. + +***The only person who knew what color went where was the person holding the bag (The DTCC). (wow irony)*** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +The CEBEs at the DTCC do not represent what you think of as 'shares'. Shares are a 'package of rights' attached to a public company. I hate to break it but this doesn't include the other millions of shares (beyond the public float) that are counterfeit in the system. Real shares also hold the right to any dividends distributed. + +So say a company issued dividends that were shares to all shareholders? You hold one share? You get another one! The float is 100 million shares. The transfer agent would send a 'real' certificate made out to Cede and Co. for another 100 million shares to give to each and every share holder. What happens when an extra 400 million show up as being 'delivered' to shareholders? + +**Because the DTCC are complicit in ensuring that this fraud is covered up every time a shareholder tries to exercise of the rights attached to only 'real' shares. These CEBEs at the DTCC are NOT real shares and do not have the rights attached with them. HOWEVER, THEY HAVE TO MAINTAIN THE ILLUSION THAT THEY HAVE THESE RIGHTS TO NOT EXPOSE THIS FRAUD.** + +&#x200B; + +Why would they do this? **THEY HAD TO.** Otherwise, they would have to inform the owners of these other 300 million shares that what they had was: + +&#x200B; + +· non-existent + +· not actually real + +· no rights to the dividend + +· their money in the pockets of the seller + +&#x200B; + +What happens if you want to sell your share. The DTCC won't turn around and say, '*you can't sell that because we never got good delivery of your purchase*'. The broker would have normally just sold your counterfeit shares to the next naïve investor. Have you ever heard of an investor who got a proxy solicitation statement that indicated that he or she can't vote his or her shares because they are counterfeit and there never were any voting rights attached? **The DTCC has to maintain this illusion otherwise the reverse ponzi scheme will be revealed**. + +&#x200B; + +**So what happens if a non-standard dividend is issued? The DTCC can’t ‘cook the books’ and are forced to reconcile the float back down to its’ issued amount.** + +**Shorts HAVE to close their positions. They need everyone to sell to cancel out their ‘fake borrow’. What if no one sells? YOU GET THE FUCKING MOASS.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# So what did you actually buy?' + +&#x200B; + +You bought the right to sell a Counterfeit Electronic Book Entry. + +You bought a put option with no expiry date. + +**You were conned.** + +&#x200B; + +**Does it matter? Not a fucking bit.** You are entitled to the rights just as much as anyone else and the DTCC are going to have a really hard time getting you a dividend that isn’t cash or stock. + +**And if they can’t, they have to buy back your share at a price YOU STATE AND THERE IS NOTHING THEY CAN DO ABOUT IT.** + +&#x200B; + +https://preview.redd.it/4ykybhextt871.png?width=941&format=png&auto=webp&s=790e1fb7bda1744e9c09d76896b34876d83bb888 + +&#x200B; + +**The irony? For them to cover, you're going to have to sell something that doesn't exist. That is...if you ever sell...** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***Part two?- How T+0 is the best case for the DTCC, naked short selling and outright fraud*** +There are a lot of restaurants in my city that are always super busy (like 30 minute wait time to get in) which suggests to me that their food is priced below market value since there is a shortage. Wouldnt it be in their best interests to raise the prices and make it less busy while collecting more profit? +The increasing of the cost of living has now spread into the great Aussie icon - the Bunnings snag. + +This is the first lift in price for this item in 15 years. + +Prices are set to rise on July 23 across 300+ stores. + +Will there be a run on snags this weekend before the price hike? Will the rise prove too much for some? Will charities make more or less profit? Is the $1.00 rise too much? + +PS - I would’ve linked the article I read this in, but it’s from a source r/ausfinance doesn’t like. +As the title says, my parents house burnt down yesterday. Public adjusters, restoration specialists, and all kinds of other people have been contacting them about what to do next, and to be honest they are just overwhelmed right now. + +It seems like right now the best bet is to get a state licensed public adjuster. Is this correct? Their insurance is putting them in a hotel for the next 20 days, but I doubt the house will be rebuilt by then ... what happens next? + +They have credit cards with open credit to make purchases for things like new clothes and food (which I have told them to save all receipts for) but little to no cash in a savings account. + +The state is Michigan if that helps. +Hi guys, +Has anyone of you pondered over running Zomato Kitchens as an investment and money generating stream? Would like to know your views. Zomato's terms are 1. Need to have plot of 2000-3000 sq. ft. 2. Will need to invest 35 lakhs at the beginning. The company promises a monthly guaranteed income. Has not quoted any definite figure. I understand that income varies depending on locality and demographics. How about running it in tier-2 city, rapidly developing locality? + +Edit 1 : Guys, I am overwhelmed with your responses. I had not imagined that you would pour out your soul in this discussion. Even a big thank you is not enough to express my gratitude. If I fail to respond to any response please do not think I did not read your response. Reading, thinking, analyzing and appropriately answering your queries is a big task for me and hope you will forgive me in case I fail to respond. I request you to keep bombarding me with queries. Finally I will compile a list of all queries so that this whole discussion will ease the work for all of us when we ponder over this option in future. + +Edit 2 : Here is the list of questions that every newbie must go through before holding talks with zomato folks. All the credit goes to the guys who have participated in this discussion. I will refine this list and avoid redundancy, but here it is as promised. + +For potential franchisee/cloud kitchen owner +What is the business model? Are they asking for a royalty cut from the revenues or is it a fixed franchisee fee every month? You mentioned guaranteed income - how does that factor in here? + + Will the kitchen be run by Zomato or will it be run by you? The rest of the questions are more relevant if it has to be run by you. + + Does Zomato have a good supply chain to ensure fresh ingredients are delivered to you every day? + + How much staff are you expected to retain? How many managers? + + Will they help train your staff to ensure consistency in food preparation? + + Do you have pricing control over menu items? + + Are you contractually obliged to run the cloud kitchen for certain times and during certain days (example holidays)? + + How does Zomato handle complaints from customers about food quality/safety? + + What are the cost of permits in your city to run a kitchen? + + +If things go well, Zomato has ALL the data and can easily usurp your business by opening a competing "cloud kitchen". This could be via company support OR even a regional manager leaking info to his friend. It's generally good to see if they have non-compete, i.e. won't allow another cloud kitchen in 3KM Radius serving same cuisine or something? + + While we order from these places, we see high markup. How much of that is Zomato vs left on table for food provider? + + Will they further take money from you for promotions etc? (on top of their regular per order cut). + +What is the cuisine? North Indian fare has 35-40% food cost, Chinese has 20-25%, South Indian has 15-20% etc + +Finally, who runs the show? + +Are they asking for a royalty cut from the revenues or is it a fixed franchisee fee every month? You mentioned guaranteed income - how does that factor in here? + + Does Zomato have a good supply chain to ensure fresh ingredients are delivered to you every day? + + How much staff are you expected to retain? How many managers? + + Will they help train your staff to ensure consistency in food preparation? + + Do you have pricing control over menu items? + + Are you contractually obliged to run the cloud kitchen for certain times and during certain days (example holidays)? + + How does Zomato handle complaints from customers about food quality/safety? + + What are the cost of permits in your city to run a kitchen? + + + How irreplaceable are you in the chain and for you- if not Zomato then who ? + + How the revenue chain ensures that you are paid reasonably enough. + + What are clear cut real world measurables and rules which you MUST adhere to. 3.1 -- how many months or weeks from when you open, the full fledged SLAs kick in. 3.2 -- how often these rules change 3.3 -- any control/say given to you to get one or two rules specific to you. 3.4 -- any penalty if you want to back out for the owner within a year or some small duration from opening. + + +For a normal investor : +Is this your only source of income? If you have another income source that can take care of your basic expenses then the ability to take risk goes up significantly. + + +What is a ballpark figure of monthly income? + +Does the 35 lakh investment represent all/major part of your savings? In other words - what would your finances look like if your investment were to be a total loss? + +Do they expect you to own this plot? Then you have to consider its opportunity cost too. Is it rented? Then who bears the rent and this 35Lac covers security deposit etc or not? + +What is the revenue sharing/ profit sharing model? + +What is the demand for delivery/take away in your immediate neighbourhood? + +Will you serve Zomato customers exclusively or does your contract let you tie up with multiple aggregators or reach out to customers directly yourself? If you are not allowed to serve customers outside Zomato's network then that represents a high degree of risk. + +Precautions while running the show :: + How helpless as a franchisee owner you can get in a legal battle. Remember the cars24 fiasco when they rented places in metros and unable to pay the rent and then highly unreasonable arm twisting with owners. + + This guaranteed income is equivalent to the real estate world's rent clause in case of delayed possession. You would hardly get anything. + + Penalties in case you want to come out. + + Usually in the agreememts there are negotiable and non negotiable clauses, which are totally dependent on your negotiation skills, do you possess them. + + Are they sharing some demographic data with you for your area in leiu if 35 lacs initial investment. + + Will you have to sign a non compete in case you decide to come out of this or transfer/sell thr e franchisee to someone. + + Do you have any choice of vendors while setting up and running the kitchen -- like flooring/roofing/cleaning/metal-sheeting/exhaust/utensils/cooling/freezer/periodic maintenance/packaged-raw-materials etc etc. + + Majorly cctv footage sharing will be huge clause. They might have some AI machine watching and checking for wrong patterns. +Seriously, even thought we still don't have the 'official' announcement, ntf.gamestop.com started accepting potential canditates (individuals and brands) for their NFT Marketplace, which makes it 100% clear. This are incredible bullish news, and we all have been waiting for it for many many months, even other subreddits like LRC, Cryptocurrency, etc..had viral posts about it, and we closed 1.15%, ASK YOURSELF WHY. +At current time, should I hold my QQQ or sell part of it and switch to other value ETF like SPYD or DIA? Just the last year performance of QQQ is so good that I am afraid it will be lagging this year. +I’m new to day trading and really want to turn this into a career because of its flexibility and ability to do it from anywhere in the world. Can anyone point me in the direction of reputable teachers or classes I can take in order to learn proven day trading skills? +Hello all, + +I did my first AMA on this sub 4 years ago and since then, the market, my business, and this sub have all evolved. The increase of sophistication on this sub in particular has been impressive. + +This time around, I want to again provide any guidance I can as well as some of my thoughts that I think might be helpful. Most are new, but some are copied from the last post as they still stand. + +Hopefully this proves helpful. + +All the best, + +HobbesNYC + +&#x200B; + +**Should I invest in Real Estate right now?** + +* It depends what you want your real estate investment to do. +* It’s an excellent time for market mitigation, cash flow, and maintaining upside. +* It’s a terrible time to house-hack, BRRR, and 10X +* You can no longer rely on refinancing or exiting your way into larger/more properties +* If you can hold, however, you have an excellent mid-long-term outlook + +**Should I be worried about my multifamily assets?** + +* Not if you are like the majority of people on this sub who operate assets directly or aspire to someday. +* If you have a stable model, you can hold and wait out any slowed rental growth and/or lowered valuations. +* If you are institutional or aggressive investor where you outsource, focus on growth, and have interest coming due, however, you may need to be prepared to put up cash or be forced into a sale. + +**But what if debt keeps increasing?** + +* There is a limit to the effect of debt can have on multifamily valuations. For example, if the debt rate went to 15%, would a multifamily asset only sell for a 15% cap+ (meaning a 15%+ return per year if purchased with all cash)? Of course not. There are always non-debt buyers who would be happy to take a 15% or even 10% yearly cash flow at a higher valuation. + +**Should I consider all cash purchases?** + +* Absolutely, I don’t think it’s ever been a better time. +* If you have an operations component and/or manage directly, you can get cash flow that will protect you from market mayhem, and if the debt market eventually comes down like it did 2016-2022, you have an incredible opportunity to refinance then. +* It’s downside protection with mid-term upside. + +**What strategies are doing best right now?** + +* Conservative - Small / All Cash Deals - Whereas before it was impossible to get an owner to sell these, we’re finally seeing an opportunity to buy these assets in mass. As stated in the above section, these can have exceptional downside protection, high cash flow if you operate directly, and if debt ever comes down, a great upside potential. For people that looking for long-term, stable growth, this makes a lot of sense. ***It's the best time period I've seen in my career for this strategy***. +* Moderate - Assets that need drywall, electrical, plumbing, or anything requiring a permit - The cost of this type of work is astronomical right now. I’ve seen $35k+ bids per unit with poor work that takes 9 months to complete. If you can do the work yourself or can partner with someone that can, the cost can be as low as $5k a unit and done in 1/8th the time. There are a tremendous amount of owners out there still waiting on contractors, so you can take these assets off their hands, finish the work, and then hold for cash flow, refinance, or sell. Even with the higher debt and lowered valuation, there is still a massive spread here. 50%+ levered returns in a year are not unrealistic. +* Aggressive - Niche Single Family Home Development Plays - Despite everything you’ll see in the headlines, there are still great profits in certain types of home development plays. For context, most new home builds are suburban style homes that are built in mass on a 1.2-1.4X margin. So, if home prices come down 20-40%+ these developers could be wiped out. On in-town luxury product, however, where buildable lots are extremely rare, there is still a massive pool of demand for extremely limited product. The spreads on these types of projects are 2.0X-3.0X. This gives you an absolutely massive margin of safety. There is a lot of volatility here and it’s not the best for everyone, but I think it makes sense for a small portion of a portfolio looking for more aggressive plays. + +**What cities should I invest in?** + +* Firstly, you should always start where you have the best operational advantage. After that, consider the following: +* The rapid rise in housing costs in major metros has begun pushing people out. Starting about 6 months ago there has been a major reversal in rent growth from large towards small markets. +* Previously booming markets such as Austin, Phoenix, and Vegas that witnessed incredible appreciation are now showing decreases in rental rates while smaller markets are getting more demand. +* It makes far more economic sense for a waiter, educator, city worker, medical provider, or most of the 90% of the working population making less than $100k to move to a lower cost metro. So for every one new tech job, there are many more people who don’t want the associated cost of living that come with the new employer. +* This all results in larger rent growth in smaller, more affordable markets, which is exactly what we are seeing. +* Conclusion: From a pure growth standpoint, I believe you have the best rent growth relative to entry price in smaller, more affordable markets. +* Where to get rental data: This is a great [source for raw data pulls on 200+ metros.](https://www.apartmentlist.com/research/category/data-rent-estimates) + +**Should I 3rd Party PM, Direct Management, or Syndication?** + +* What do you want your real estate to do? +* Conservative - If you want stable cash flow with some upside potential, operate it yourself or invest in a syndication that does. +* Aggressive - If you want quick turns and believe certain markets are poised for large rent growth, then use 3rd party property management. You may not get any cash flow, and are in a riskier position, but if the valuations go up, you get the most return for the least amount of work. As much as I hate to admit it, this is who did best over the last 2 years. + +**What can I do to improve the likelihood of solid returns?** + +* Align with your broker - by getting them into the deal, you can usually get a better price. +* Focus on the middle-market of renters – this is the majority of demand and the most insulated from market changes. +* Implement a Tenant Respect Model - All too often in B/C class assets, especially in smaller markets, the tenants are not very well respected. A little can go a long way. Consider preventive inspections, holiday gift cards, accommodations for unique needs, staff training on communication, etc.. +* Consolidate assets – Buy a 30-50 unit then buy a nearby smaller assets. Run everything together for a much lower op cost. +* Keep the units under market - don't chase the highest return, chase stable occupancy. +* Keep substantial extra cash on hand to weather any kind of storm. This will lower total returns but also smooth them out and prevent the likelihood of needing an expensive injection + +**What returns are realistic, what should I target?** + +* It depends on the strategy, but assuming you are buying a multifamily asset, you could conservatively achieve a 5% cash on cash return in year 1, and 7%+ by year 2. +* Over the course of 5 years, this should model out to about a 10-15% IRR with some work and an exit, unless the debt market drops in which case it would end probably 20%+ +* The returns in good syndications are often the same or better than if you manage directly, with a lot less work, but you can’t force an early sale, so there is a trade-off. +* Anything below these returns and I honestly think you are better off investing in bonds, or if you have a long time horizon, the S&P 500. + +**Should I have others invest with me?** **Should I invest with others?** + +* Over time, it's probably best to do both. It doesn't really matter the size, but it's more about the experience. +* If you take on investors, you should have a clearly articulated strategy for not just the current aspect but the next few. 95% of my investors either came through someone who has already invested with me, or they started with a small amount and we built the relationship over-time. So if you have just 1 asset you're looking to take down, that's not that compelling to an investor; but if you want to buy 3-4 multifamily assets in an area over the next few years and manage yourself, well, that's something you can build on. +* If you invest with others, a few quick things to look for: minimum 8% preferred return, no catch-up provision, 7%+ in Y1, and an understanding of how the group can own/manage the asset more efficiently than the previous owner. + +**I’m in college and I love real estate, I want this as a career, so what should I do next?** + +* There is no better way to learn the business of Real Estate than being a real estate or business owner, and I recommend starting as early as you can. +* Counterintuitively, if you want to build a career in RE, don’t start there. Right now as it takes a tremendous amount of capital to create meaningful profits. So instead, consider buying a coffee shop, laundromat, car wash, etc… This will require much less money than a big real estate asset and you can cultivate a much larger impact. Most importantly, it’s going to force you to learn marketing, legal, investor relations, people management, etc… all at the same time. I believe this will prepare you far better than any job at a real estate firm. +I know the apes who write the posts about not panicking and not setting dates etc etc have our best interests at heart, but at some point you got to realize that no one is nervous, no one is selling and no one is tired, and if they are... WE DON'T WANT THEM HERE!! Anyone who has come this far and is now wavering because of a few predictions that didn't come true are PAPER HANDS and we don't want them here. They will only hurt us during the MOASS so I say let them be scared and unsure and let them bail if they so choose. But flooding the feed with these virtuous posts about staying calm and not leaning into expectations is just annoying. I'm sorry if this an unpopular opinion but its starting to get out of hand. + +&#x200B; + +Edit: Tired is referring to tired of holding out of fear of the MOASS not happening. But of course we are all very very tired of the bullshit and market manipulation, or late night video game sessions, both acceptable tired states. + +&#x200B; + +Edit 2: Wow, this got way more attention then I expected, the shear amount of up-votes should be a clear indication that apes are front lining this battle and are absolutely pre-pared to go the distance. LOVE YOU ALL +Before we begin, Total Expense Ratio (TER) is the amount that investors pay to AMCs for the +operative and administrative expenses of managing a mutual fund. If a mutual fund has total assets +under management (AUM) of ₹10,000 crores and an expense ratio of 1%, it charges ₹100 crores as +expenses in an year. + +The difference between regular plans and direct plans of mutual funds is explained in the article +linked below. In short, regular plans have an additional cost of distributor commission. This +doesn't go to the AMC. + +https://www.indiainvestments.wiki/content/faqs/mfs/direct-vs-regular + +Vanguard's S&P 500 ETF shares class (VOO) has a TER of 0.03% and an AUM of about $221 billion. This +means that it earns about $66 million every year from the ETF shares class. When we combine the AUM +from all share classes of Vanguard's S&P 500 fund, the total AUM becomes $731.3 billion. For +reference, the total AUM of the entire Indian mutual fund industry is $431 billion. + +In contrast, Kotak Flexicap Fund, one of the largest equity funds in India, has an AUM of ₹34,115 +crores and a TER of 0.64% which means that the AMC gets about ₹218 crores every year. In terms of +dollars, that's $29 million. + +### UTI Nifty Index Fund + +The total AUM of UTI Nifty index fund was ₹1,324.24 crores at the start of the FY20 and was +₹1,772.13 crores at the end of FY20. Its expense ratio throughout the year was 0.1%. If we consider +the average AUM throughout the year as ₹1,548 crores, a TER of 0.1% would've given UTI approximately +₹1.5 crores as earnings from UTI Nifty index fund in the FY20. + +The list of expenses borne by UTI Nifty index fund in FY20 are as follows + +| Expenses | ₹ in lakhs | +|-----------------------------------|------------| +| Management Fees | 0.91 | +| GST on Management Fees | 0.16 | +| Trusteeship Fees | 0.76 | +| Marketing & Distribution Expenses | 17.12 | +| Custodian Fees | 9.55 | +| Registrar Fees | 18.82 | +| Investor Education Expenses | 32.25 | +| Audit Fees | 0.63 | +| Other Operating Expenses | 87.83 | +| **TOTAL EXPENSES** | **168.03** | + +The total expenses borne by UTI for its UTI Nifty index fund in FY20 were ₹1.68 crores. Even if our +TER calculation was an approximation, we still don't expect UTI would've made any significant profit +from this fund and let's not forget, this is not charity or a non-profit venture by UTI. Since UTI +kept the same 0.1% expense ratio for UTI Nifty index fund in the FY21, it would've probably suffered +losses in FY21 as well. We'll know more once the annual report of scheme financials is published by +UTI. + +People might argue that UTI could've reduced their expenses by not spending as much on +Marketing & Distribution or Investor Education but considering they don't have enough AUM or TER to +make any profits whatsoever, would cutting back on Marketing expenses help UTI at this point? The +longer the fund has meager AUM, the longer UTI would suffer losses here. We should also consider +that UTI Nifty index fund was launched back in March 2000, more than 20 years ago. I'm not sure if +UTI has made any profits on this fund whatsoever and yet we hear people complaining about the TER of +this fund being high. + +### Motilal Oswal S&P 500 Index Fund + +The total AUM of Motilal Oswal S&P 500 index fund as on 31st March 2021 was ₹1,088.31 crores and its +expense ratio has been 0.49% since its launch on 28th April 2020. Assuming an average AUM of ₹504 +crores, MO would've been able to earn approximately ₹2.4 crores from its S&P 500 index fund. + +Unfortunately, the scheme financial documents of MO's S&P 500 fund aren't available yet. It should +hopefully be published in the next few months so we can know more about the expense details of MO's +S&P 500 index fund. + +### Vanguard S&P 500 Index Fund (VOO) + +The Vanguard S&P 500 Fund is actually a class of several different funds all collectively known as +Vanguard S&P 500 Fund. The different classes are + +| **Vanguard S&P 500 Share Classes** | **TER** | **AUM** | +|-------------------------------------------------|---------|----------------| +| Vanguard 500 Index Fund Investor Shares (VFINX) | 0.14% | $4.6 billion | +| Vanguard S&P 500 ETF (VOO) | 0.03% | $220.6 billion | +| Vanguard 500 Index Fund Admiral Shares (VFIAX) | 0.04% | $399.6 billion | +| Vanguard 500 Index Institutional Select (VFFSX) | 0.01% | $106.7 billion | + +Each share class has different minimum investment amount requirements and other minor differences. +Combined, these share classes have an AUM of $731 billion. Using the TER and AUM mentioned in the +table above, we can come up with an approximate figure of earnings of $240 million in the year 2020. +The actual amount is probably somewhat lesser since we haven't considered average AUM in this case. + +The total expenses of Vanguard S&P 500 fund across all of its share classes was $184 million. This +means that Vanguard earned only about $50 million in profit. + +It should be kept in mind that Vanguard itself is structured differently than most AMCs and the +company is owned by the investors in its funds. It was founded by the father of index investing, +Jack Bogle, who was a proponent of low cost index investing. It would be fair to say that we +haven't had any AMCs similar to Vanguard or influential index investing pioneers in India yet. + +### Summary + +We don't think it makes sense to compare the TER of Indian index funds to that of Vanguard's index +funds and ETFs. The difference in scale is just too great. The index investing scene in India is at a nascent stage, to say the least, if we +compare it with giants like Vanguard. We've seen that a 20 year old domestic index fund like UTI +Nifty Index suffered losses in FY20 and considering an international index fund like MO's S&P 500 +has to face additional forex and remittance expenses, I don't think 0.49% is unreasonable. Of +course, we'll know more once we have the annual report of MO's funds for FY21. + +Until then, stay tuned to our subreddit and check out our [Discord +server](https://discord.gg/hqBNg4u) if you want. We also welcome any contributions to our +[wiki](https://indiainvestments.gitbook.io). Check it out and let us know what you think. + +--- + +https://utimf.com/forms-and-downloads/ + +https://investor.vanguard.com/etf/profile/portfolio/voo + +https://investor.vanguard.com/mutual-funds/profile/portfolio/vfiax + +https://investor.vanguard.com/mutual-funds/profile/portfolio/vffsx + +https://investor.vanguard.com/mutual-funds/profile/VFINX + +https://personal.vanguard.com/funds/reports/q400.pdf +If you check my post history, about February, dad called retail investors in GME “dumb fucks”. I told him about the share offering and the quarterly numbers being up. He asked when I was gonna sell and I informed him I bought 5 more at open that morning to get laughed at even harder than previously. Fuck everyone that doubts. I’m with you guys until the end, LFG + +Edit- this blew up waaaay bigger than expected. Thank you for all the encouragement and awards. This WAS NOT “should I sell post.” FUCK NO YOU DONT SELL NOW! HODL!!! 💎🤲🚀🚀📈 + +I just wanted to point out that FUD comes from all directions, family, coworkers, friends… + +My dad is awesome and has always been there for me and helped me when needed. I love the guy, he’s great. Just wanted to share something we could communicate on and both be hyped about. Everytime I bring it up, it’s laughs and jokes. We’ve never really connected on anything collectively. + +Sometimes ppl don’t realize until it’s too late and things are said or jokes are made, he’s getting that car that I always told him would be a HotWheels car. + +Love you all and LFG!!! Just no dancing 💃 +Pretty much as the title says. It's mostly my mother who seems all hurt when I pointed out that me being able to financially take care of them is the same chances as a snowballs in hell. I can *reasonably* take care of myself, but money is tight and I budget like a champ. I *can't* take care of them. The thing that really had me rolling my eyes was the expectation that she would be taken care of like her siblings (not her) took care of my grandmother... My grandmother who at the age of 96 died with 350K in her retirement account. Where as my mother has zero money in any form of retirement and never completed high school/GED. + +So anyone else have parent's who expected their children to pull them out of poverty? Are you attempting to frugal/poverty budget in some money for them? I personally garden and can help out with food but as for any extra cash I'm pretty much pulling up empty pockets. +I say this because if you are really looking to earn true gains on your investment, you have to let it ride the rollercoaster🎢. + +Pulling your gains every time you see an increase makes you a day trader and historically they lose more money compared to value investors. + +Also if you are not earning money actively through a job, stay away from the investing game, people are promising online that you can earn a living this way...you can’t, not in the short run at least. + +Just know that most people here and other subreddits only share the biggest and baddest win but those cases are unicorns🦄 and most users tend to lose money. + +For the 💎👋🏽 gang, if you were really hurting wall street right now, you’re privileges to trade would’ve already been repealed through Congress because the response through the White House so far has been in support of Wall Street Banks. The house always wins in the end. +Hi All - just gave my resignation today. +I work the graveyard pharmacist position at hospital A. been doing it 7 months, director lobbied for the position with HR last year for a while. Point is, he put in the work to get a 7 on 7 off rotation for overnights. I was fresh out of college and needed a job so i said okay i’ll do it. he said he didn’t want someone who is gonna leave in six months and i didn’t have that intention at all. + +long story short i just got a job at hospital B that is a better position, more money, and a shorter commute. I went in today to Hospital A to give my notice, 2 weeks (3 calendar weeks due to the rotation) and he was pissed and threaten to tell other directors at other organization about my unprofessionalism and will give me a bad reference in the future. + +Anything i can do about this? Maybe it WAS a poor decision to take another job so soon but i wasn’t even actively looking for another full time job it just landed in my lap. +Any advice will be appreciated. He already ripped me a new one so no need lol. + +EDIT: to clarify, i’ve worked at hospital A for 5 years, from intern to pharmacist. he has been director for a year and a half, I’ve been working as a pharmacist for a little over a year here. + +EDIT: he’s asking for an additional week or two (so until mid-end of march) to finish up my shifts on the schedule. is that reasonable? he says he expected me to at least “go out with class and appropriately” and doing so would be better + +UPDATE: Assistant Director just called me - I relayed my concerns to her (she’s very honest and transparent). She explained that the director seemed to be confused about my end ‘date? I explained. Then I explained the directors comments and how I was shocked at his i professionalism and threats. She did her best to assure that they want an amicable and smooth transition/departure. She was incredibly kind and understanding as always, she said she appreciates the 3 weeks, but it’s common courtesy in our profession to give 4 weeks. She told me in her last job of 30 years, she gave 5 weeks and still the employer asked for(and she gave) an additional week. +I told them I will give one more week, for HER and my colleagues (they’re great people). I negotiated a shorter shift (current is 9p-730a so i said 11-630/7 they said okay) and that I will discuss with the new employer about extending the start date. +Right after, the DIRECTOR called back, with AD in the room - clarified original end day, he was much more pleasant (go figure) and was happy with an additional work week, would greatly appreciate till the last weekend of March and agreed to work out a shorter shift so I don’t die. + +Guilt or did AD tell him he reacted poorly? who knows. + +I knowwww 98% if y’all said no, just gtfo. But most of you also feel that if the director reacted better, it wouldn’t be as bad. I wouldn’t even be here if he didn’t flip out at me lol. +What is the difference between free cash flow in the cash flow statement and cash and cash equivalents in balance sheets. + +If cash flow statement is the movement of money shouldn't the amount of free cash floww be the same as cash and cash equivalents? +So my question is, in Spain costs of living have increased due to the entry in the EuroZone and have got closer to the richer countries. + + +Meanwhile the wages have also increased but not to the point of covering these new costs, as the medium wage in Germany is twice the Spanish but the living costs of living are similar now + + +In theory as new methods of production and technologies have allowed to produce consumption products cheaper, these should be cheaper also in order for the companies to get more clients due to competition, but it hasn't been the case as far as I know. Even with inflation living costs should be lower than they are. + + +Anyone could guide me a little in this question? +It's common to hear it. In my country, it is always repeated as a mantra, we are not a rich country because the government do not invest in education, if they invested in education, the nation would get richer. + +Is there a causation between government spending in education and economic growth? That is, could a country move from a poor country status to a rich country status by investing in education? + + +***Latest News / Upcoming Events:*** + +**💨** Approaching 10K Telegram Members (still undervalued). + +**💨** Limit Orders Coming In Next 1.5 Weeks + +**💨** Cross-Chain Bridge Coming In 3-4 Weeks + +**This is a once-off opportunity to invest in a quality use-case token.** + +⭐️Join Over 9149+ Members - [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **⭐️** + +***Achievements Over Last 2 Weeks:*** + +**#1 Released Fully Function Exchange (Strong Use Case)** + +**#2 CMC Listed** + +**#3 CG Listed** + +**#4 Highest Ranked Promoter on Poocoin (huge traffic)** + +**#5 Blockfolio Listed** + +⭐️Get the latest news at [**https://t.me/windswapmembers**](https://t.me/windswapmembers) **⭐️** + +Hey everyone, just wanted to share with a new and fast moving crypto that I’ve been following for a few weeks now. There is a huge event tomorrow which I think will be a big deal for this token, as they are releasing a brand new exchange platform. + +WindSwap has met huge milestones over the last month: + +CMC / CG / Staking / Advanced Charting which is cool, but honestly I think the better stuff is yet to come, here is what I am most looking forward to: + +🔥 Limit Orders + +🔥 Cross Chain Bridge + +🔥 Rug Checker + +As you can see from the dex.guru or poocoin chart, it is looking very BULLISH. Their Telegram group is growing fast and the chart is looking lovely. + +**Why are more and more investors flocking to WindSwap?** + +The WindSwap team has offered us something very few tokens do - that is a quality use case. They have been very transparent about their aspirations for making it to the top 3000 tokens. Here is a list of things they are working on as we speak: + +* Slippage slider **(Complete)** +* Cross-chain Bridge **(On Roadmap)** +* UI Improvements **(Released on Sunday** +* Charting tools (**Released)** +* Limit Orders **(Within Next 2 Weeks)** +* Due Diligence / Rug Checker **(On Roadmap)** + +**Links** +Site: [https://windswap.finance/](https://windswap.finance/) + +Telegram: [https://t.me/windswapmembers](https://t.me/windswapmembers) + +Chart: [https://app.windswap.finance/#/chart](https://app.windswap.finance/#/chart) + +Litepaper: [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +Coin Market Cap: [https://coinmarketcap.com/en/currencies/windswap/](https://coinmarketcap.com/en/currencies/windswap/) + +Coingecko: [https://www.coingecko.com/en/coins/windswap](https://www.coingecko.com/en/coins/windswap) +Just a quick question I wasn't sure of. Basically I got sick and my boss paypaled me \~17k as a bonus in early 2019 to cover my out of network costs for my hospitalization. He said it was a bonus for being a good employee and he wants to treat his upper management like family. I'm wondering how I treat it on taxes so I don't get in trouble. It was the company's Paypal but it was not put on our payroll whatsoever so they paid no taxes on it. Do I just pay freelance taxes on it like it was a 'tip' even though I'm an employee of the company? + +&#x200B; + +Update based on the comments: + +\- I'm going to ask our company CPA even though she's not on call about how she's marking the 'gift' for this quarter or next + +\- Depending on her answer and my boss' answer, I'll get a CPA to make sure I'm 100% OK if I feel like there's any confusion on their end + +\- I will likely file as a 1099 if they won't add it to my payroll for whatever reason, I don't feel like I can argue it's a gift since it's our company paypal even though my boss is the owner/CEO + +&#x200B; + +Thanks y'all, very helpful responses and I appreciate it. (And yes my boss is a great man.) +Q: After you onboarded BCG, what were the first signs that put up your red flags? (u/EternalEight) and Q:Who's decision was it to hire BCG and how did they know about/decide to use BCG? (u/Arkayb33) + +A: To be clear, I did not onboard BCG. My Grandpa (also Bill Pulte) retired in 2009. After that, then-CEO of PulteGroup, Richard Dugas, hired BCG to help him with strategy. Dugas had done a stupid deal in buying Centex Homes (top 3 USA homebuilder) and was struggling. So he brought in BCG. I think it was a big mistake that only made things worse. Fast forward to 2015/2016 and that’s when I got involved to get the BCG-led strategy OUT and Dugas OUT of the company. In my opinion, I think there are still BCG supporters/people/agents inside of PulteGroup Inc, and this keeps me up at night. We were able to get rid of many board members who supported the BCG strategy. Not just because we had to remove BCG's failed strategy (in my opinion) but also this Dugas guy, but because Corporate America is an “old boys club” who supported the BCG strategy and Dugas, they thought I was disruptive, which I was. Disruptive is good, and our stock grew 30%! + +Q:How did you come across RCs tweet about BCG? How much did you know about RC prior to this? (u/JohnnyMagicTOG) + +A: I saw the tweet, had heard of Ryan Cohen from people who knew him and liked him, and figured, why not share my experience. I didn’t think it would lead to what it did. Somewhere in my brain I saw the tweet from RC and I thought, “Damn, BCG wants money like they wanted money at PulteGroup, but in my opinion they didn’t deserve anything for their so-called value creation, which my grandfather used to call “value destruction” (source: [https://www.prnewswire.com/news-releases/pultegroup-nysephm-largest-shareholder-and-founder-530-million-of-cumulative-losses-over-12-years-time-to-replace-richard-dugas-300249116.html](https://www.prnewswire.com/news-releases/pultegroup-nysephm-largest-shareholder-and-founder-530-million-of-cumulative-losses-over-12-years-time-to-replace-richard-dugas-300249116.html)) + +\*\*\* + +Q:You mentioned that bad executives hire consulting firms like BCG. Have you seen instances where executives/board members were placed in a company by large investors, who then go on to hire these firms and or “bust out” the company from the inside? There are 3 examples that come to mind which have been researched extensively in this sub: + +1. Former GameStop CFO Jim Bell is believed to hire BCG, as well as ignore Michael Burry’s repeated requests to buy back stock when it was trading below $4. +2. Theater company’s CEO ties to Apollo Management, and their acceleration of debt via corporate bonds while diluting shareholders and allowing executives to cash out. +3. Finally, we are seeing Ryan expose the BBBY execs in real time. I have a post that highlights Macellum Capital placing people there who have hired consultants and take insane compensation for themselves. + +There are many bankrupted companies we believe suffered from this as well. Many connections have been tied to Bain Capital and the destruction of retail stores over the past decade. Appreciate your time! + +(u/jango_bets) + +A: Without disclosing confidential information (legal), I can say that I have heard executives of other large companies who have used them, and when the executives would tell me about it, I would think, well you aren’t a very good executive if you relied solely on their strategy to drive value. + +\*\*\* + +Q:Regarding the housing shortage in the US and other countries, what are your thoughts on investment institutions like Blackrock buying up the supply of houses and driving up prices? Have you heard of anything in your circle to prevent this and put the power back in regular homeowners' hands? Edit: What is/was Pulte Group's/Pulte Capital Partners LLC's involvement Blackrock/James Grosfeld and is Blackrock still a large shareholder? Add on to this question from [u/wookiecookiees](https://www.reddit.com/u/wookiecookiees/): This is especially pertinent considering James Grosfeld, the Independent Director of Blackrock, was the former CEO and Chairman of Pulte Homes. Does he still reside on the board and how much influence does he exert? [https://www.reddit.com/r/Superstonk/comments/u07ofm/ama\_questions\_for\_urealpulte\_pulte\_submit\_now/i44mfck](https://www.reddit.com/r/Superstonk/comments/u07ofm/ama_questions_for_urealpulte_pulte_submit_now/i44mfck) (u/colonel_wallace) + +A: In my opinion, there needs to be a legit company needs to come in and offer fair, affordable rent. And perhaps allow people who don’t qualify for a mortgage to be able to, over time, and fairly, buy into their home that they are renting. I don’t like that shelter (as I think of it from a philanthropic standpoint) has become like a portfolio where these big groups just pass whatever rent increases they want on to people. We do not need more predatory landlords. As for Jim Grosfeld, he is not currently on the board of PulteGroup, has no influence (to my knowledge), and has no relationship with Pulte Capital Partners LLC. Further, my understanding is that Blackrock owns all the major homebuilders and many public companies, and based on my knowledge and belief, I do not think there is any special relationship between them and PulteGroup Inc. Their filings indicate a solely passive stake, which as you know is traditional for these large ETF holders which often own them on behalf of consumers, pensions, or other LPs. + +\*\*\* + +Q:How did BCG come to help Pulte homes? Were you solicited? Did they send a proposal? Who initiated contact and how did they come to "help" Pulte? What was the cost, or was it based on future revenue like they are trying to claim now? (u/SorryHadTo) + +A: The Failed and Bad CEO Richard Dugas from PulteGroup was the one who hired BCG, and this is the same guy that my grandpa and I had removed from the company in 2016. Frankly, we tried to eradicate most of the Dugas Regime, not just BCG strategy from the company, but as many of the Dugas-trained that we could. In my opinion, Dugas didn’t care about the employees, stupidly moved the headquarters from Detroit to Atlanta for no reason and which laid off a lot of employees, etc, etc. + +\*\*\* + +Q:What are the key promises and practices described in an open contract with BCG? (u/Bluemond) + +A: I don’t know the answer to this question as I did not hire them. + +\*\*\* + +Q:Why was BCG hired when your company was #1 and doing well? What was the motivation and desired outcome? (u/ManliestManHam) + +A: Then-CEO Dugas had recently acquired a company Centex Homes, which was a bad deal. I spoke about this in 2016 on CNBC. I think that Pulte struggled after that bad deal, and thus Dugas searched to bring BCG in. Here is a link to me discussing the Dugas Regime and their Centex deal. My Grandpa was exiting the board as Dugas was doing his Centex deal. [https://www.youtube.com/watch?v=UhrqjgGS9rI](https://www.youtube.com/watch?v=UhrqjgGS9rI) + +\*\*\* + +Q:Did BCG ever get involved in any Pulte litigation in an advisory capacity? Did BCG ever get into a fee dispute with Pulte? And, thanks for bringing some attention to our quest. (u/justanthrredditr) + +A: Not that I know of. + +\*\*\* + +Q:What do you believe needs to happen to put a stop to the predatory behaviour by expensive consultants such as BCG? (boxxle) + +A: I think they need to be exposed. Sunlight is the best disinfectant, and you guys are well on your way toward doing that. + +\*\*\* + +Q:Looking at BCGs history and involvement in everything from ENRON to SEARS, Blockbuster etc. would the summation be that BCG is potentially part of something a bit more nefarious? (u/Hopeless_Dreams713) + +A: I don’t know. When I was on the board of PulteGroup from 2016-2020, I was a bit disruptive in that I did not want BCG back in the building. In my opinion, many of the Dugas-era board members disagreed with me, as they liked BCG, as you can imagine. + +\*\*\* + +Q:Have you read BCG's court filing against Gamestop? What are your takeaways regarding it? Some of their wording, specifically regarding deliverables and vague projections, seem so far out there - I cannot believe they can prove that some hypothetical revenue generation is somehow worth 30 million dollars. Especially, given they have such a notorious track record of "failure" (likely intentionally). + +Would love to hear your thoughts. (u/Scarethefish) + +A: I skimmed it. In my own opinion, it seemed like garbage. RC, I guess, would call it .. poop? + +\*\*\* + +Q:Do you think the bucks stops at bcg? Ex; we obviously know about bust-out schemes with Bain capital and Goldman Sachs. There is serious speculation the judge overseeing the GameStop v bcg case is corrupt. In my opinion this feels like a private equity takeover (consultants draining liquidity of company, giving bad info - plant board members getting shit consultants in the mix to begin with, citadel securities and virtu abusing their market maker privileges to dilute the float by naked shorting and bankrupting the company, private equity to either swoop in and save the day or let the assets die off and stay cellar boxed). + +I’d like to hear your thoughts on the hostile takeover playbook. (u/Independent-Ad4660) + +A: I think that these networks amongst these big companies are interwoven and need to be watched. Just look at the alumni of these organizations and where they go to work. One of the things I respect about My Grandpa and RC is that they are Entrepreneurs and Founders. In other words, they don’t have time to play games with these types of characters (generally speaking). + +\*\*\* + +Q:You do a ton of donations from your Twitter account to random folks in need. Im sure you get criticism for it, but I think overall it’s a net-good: you are helping people who wouldn’t otherwise receive help — but it also exposes some of the lunacy of our current economic and financial system. Would you agree it is not just crazy, but also objectively inefficient and unsustainable, that thousands of people have to beg a stranger for money to meet critical needs, and only a handful are randomly selected? And that those people shouldn’t be put in a position to beg, and it shouldn’t fall on individual acts of kindness like yours, to slap a bandaid on the issue? + +How would you feel about systems that integrate ownership and empowerment from the ground up? Where people can invest in their own economic wellbeing, connect with the people and businesses they believe in, and have an actual effect on the economies they choose to participate in? Where the type of philanthropy you are effecting now could be multiplied across millions of newly empowered folks who each want to collaborate and pay it forward, sideways, and back? If we told you all of that is at the root of what Ryan Cohen and GameStop are trying to do— not just with shaking off the mind-numbing assortment of manipulative tactics in the legacy equities market, but in developing an entirely new platform in web3 where investors will experience new levels of ownership, empowerment, and agency — would you be interested? (u/Osgiliath) + +A: A lot of good questions there. I think Bitcoin can solve a lot of poverty. I also think that we are in the beginning stages of technology and learning how to better use technology to address the needs of the most poor as well as those in critical condition. To be clear, when people go to a soup kitchen or traditional charity they ask (your words, beg) for money or resources. This asking is nothing new but is what is required to understand the need that people have and hopefully solve that need by providing a solution to that need. At Twitter Philanthropy, we do the same thing as the local soup kitchen, or the local church who helps someone in crisis, but we just do it faster and quicker, and I think that is what you are reacting to, imo. At Twitter Philanthropy, our basic focus is to help people in immediate need or crisis. For example, we utilize Twitter Philanthropy raise money for the 7 year old who died in Detroit after being attacked by dogs ([https://www.detroitnews.com/story/news/local/detroit-city/2019/08/20/detroit-millionaire-funds-funeral-girl-fatally-mauled-dogs/2064495001/](https://www.detroitnews.com/story/news/local/detroit-city/2019/08/20/detroit-millionaire-funds-funeral-girl-fatally-mauled-dogs/2064495001/)), or to raise money for a lady with disabilities who lost her van in a tornado ([https://www.gofundme.com/f/nashville-family039s-special-needs-van-destroyed](https://www.gofundme.com/f/nashville-family039s-special-needs-van-destroyed)), I could list you so many of these crises we help with on a daily basis. You should check out twitter.com/teamgiving to see how we help people throughout the day there using my main channel @ pulte . Without our direct approach, these needs would still be there, left unattended to, you just wouldn’t see it. Part of our mission is to also raise awareness as to how much the government is failing to take care of people despite having large funds to do so. I hope this helps answer your questions. + +\*\*\* + +Q:Bill, it's so important to have big players such as yourself involved with movements like this. It's often not enough to have the voice of millions crying out. It seems sometimes you need someone with millions. Your influence could be instrumental in us achieving our goal of financial market restructuring, should you choose to weild that. But first, I think it's important to educate yourself on the manipulation abroad that has been uncovered here. We cannot speak for one another, but we do collectively know that these markets need to be set up in a way that benefits everyone interacting with it, instead of just a few. If that's something you agree with, then let me ask: + +How do we reach people in a way that legitimizes our claims and pushes through the mainstream narrative? (u/resplendentquetzals) + +A: I think recognizing who is for real and who is using the movement. I do think that if someone is real, that we should make sure to not scare them away. You asked, so I am giving you my honest feedback. + +\*\*\* + +Q:Would you be willing to share some tips and tricks about philanthropy and perhaps the process of how you choose (or don’t choose) who gets money? It’d be a great help for everyone here, we all just want to make the world less shitty. (u/MapacheInATrenchcoat) + +A: First you gotta make money so you can help people with money. Once you have that, then you can take care of others. This isn’t to say you can’t help people with no money. You can smile at someone holding a door (cheezy I know) or do some things that cost no money, and it helps others and yourself. But, you got to take care of yourself before you take care of others. Otherwise, it will be an endless stream of disappointments and you actually will limit how many people you can help. + +\*\*\* + +Q:What predatory methods or ideas to destabilize your company did you notice BCG was doing? What was the play by play for a “consulting session”? (u/PM_MILFS_PLZ) + +A: I can say that based on public information, that BCG in my opinion has no clue about homebuilding. And so when they come at things from that perspective, they are immediately set up to fail. Then, factor in that they make their money through consultation fees, and pretty quickly you can say, why the hell am I working with these people? This was my view when I was on the board of PulteGroup, and before hand when I led the kicking out of Dugas as CEO. + +\*\*\* + +Q:How is BCG related to the problems with Pulte Homes? It appears that Elliott Management (Paul Singer) was the group that was directly involved with the bad advice/planted ceo. Were you speaking in general about corrupt consulting groups or is BCG involved somehow? (u/GOPuhleeze) + +A: Believe it or not, Elliott helped remove the Bad CEO who initiated the BCG strategies. Elliott is for sure tough, but in the case of my grandpa and I investing alongside Elliott, they really did help. I guess not all organizations fail all of the time. + +\*\*\* + +Q: When you read about companies hiring these big consulting firms, there's usually considerable overlap - hiring both BCG and McKinsey, for example. In your opinion, are consulting firms working in unison? If not, what's the purpose of hiring two seperate, expensive consultant firms for a single project? (u/missing_the_point_) + +A: I think the whole thing is an interwoven web that needs to be watched very closely, because in my opinion and experience, if you aren’t watching them close enough, their strategies can lead to bad decisions. +https://www.businessinsider.com.au/why-chinese-stocks-have-crashed-in-2018-2018-10 + +* Chinese stocks have lost more than 30% of their value since the start of 2018. + +* Fears of a slowing economy, rising debts and the impact of US President Donald Trump’s trade war have all played a role in pushing the Chinese market lower. + +* However, a wave of forced selling of company shares could see the market drop even more. + +* Hundreds of Chinese companies use their shares as collateral for loans, and are forced to sell when their share price drops below certain levels. + +* Analysts believe this trend is likely to exacerbate the major declines already seen in Chinese markets this year. +Mine favorite is those days where the S&P reaches a new record high and my brokerage account loses money. + +It’s the best, you guys. + + +The. + + +Best. +[Link to the full article (2 min read)](https://www.cnbc.com/2022/10/24/us-listed-chinese-stocks-drop-after-beijings-power-reshuffle-makes-the-market-uninvestable.html) Shares of Chinese companies listed in the US dropped sharply after leader Xi Jinping secured an unprecedented third term and packed his team with loyalists. The Invesco Golden Dragon China ETF that tracks Chinese companies in the US plunged 20% and reached a new 52-week low. China indexes also tumbled and Hong Kong’s Hang Seng Index dropped to its lowest level since 2009. China has implemented tight regulation on the tech sector and strict “Zero-Covid” lockdowns under Xi’s leadership that have severely impacted their economy and markets. Under Xi’s continuous leadership, non-state-driven companies are becoming more unfavorable. + +**Get more bite-sized news like this straight to your inbox for free at** [**investorsnippets.com**](https://investorsnippets.com/) +Car insurance came in. They dropped the renewal by 15% just because I said I wanted to look elsewhere. + +It is a freaken game. The whole 'I need to see the manager' bull for authorisation to lower the quote. + +Years ago I would have felt bad. Now it is routine to ask for a better price. + +Edit 3 hours in. Thanks for the great replies everyone. I'll do my best to get some upvotes back at you. + +FAQ - I can choose an electricity provider in my area. It was meant to keep prices down but lots of people like '2014 me' just paid the bills as they arrived. No more. +[S&P 500 Since 1950 - 7 crashes](https://www.tradingview.com/x/v3WOgbWL/) + + +Hi guys just wanted to put things in perspective for you all since some of you seem to be quite nervous with the recent week of stock movement. + +I've summarised a list all stock market crashes since 1950. There has been 7 stock market crashes since 1950, averaging one every 10 years. + +The stock market crashes ranges from inflation (10%+), to oil price rises (4x) due to war, dot com bubble, housing market collapse, covid-19 etc. + +The graph is a log graph meaning that the space changes are proportional to the percentage change. This is useful for looking at long term charts since the % change for a dollar increase is smaller as the index value goes up. + +The S&P 500 has averaged a compound annual growth rate of 8.22% since 1950. This is illustrated by the trend lines, and as you can see the S&P 500 is trading right in the middle of the range (the two blue trend lines). + +I noted a few reasons in the box for each crash for a brief understanding of why it had happened. Note, that the only one with a 'fear of overvaluation' was only the dotcom crash where the PE's were over 200 and many companies were just cash burning shells with massive negative free cash flows. + +I'm not saying a crash / correction won't happen, but i just wanted to put things into perspective and give a bigger picture of the overall stock market since pretty much before all of us were born. + +By no means am i an economist but I didn't include anything earlier than 1950s because that was pre WW2/WW1 - before the US was a superpower / the global financial hub / USD = world trade currency etc. + +Edit: some of you noted that its only 8.22% if you bought at the start but I want to clarify that yes and no! Yes for the people that literally buy in once once at the beginning of 1950. + +No because if you buy throughout the years (DCA every month let's say) you'll buy within the range - both lower and higher range! So it's more or less 8%! For example during 1960s-1980s the sp500 traded sideways! So if you constantly bought in those 20 years, the accumulation of money in this period would have a higher CAGR of > 8% because of where it is in the range. Just follow the lines! It makes it easier. There's roughly same amount of periods above and below the middle trend line. + +Edit: Changed enron scandal to lehman brothers as some pointed out my mistake. + +Edit: Further Log Graph explanation (why log is preferred) If the scale has a large range (i.e. 100 to 3000) then log should be used because its important to show the % changes as opposed to the point changes. A 1 point increase in the SP500 now is only 1/3811 = 0.02% whereas a 1 point increase 10 years ago was 1/1000= 0.1%. It's important to look at it in terms of % change because companies grow in terms of % as well. For example you don't quote apple has grown its business by 30 billion this year ( random number), instead you say apple grew its sales by 20% this year. Its so that its comparable. +I'm sure I bought in at a bad time but I've moved some of my gains into ETFs and my rationale for ICLN was that it's a clean energy ETF which I like. But its down about 15% since I've bought it and it's my worst performing individual stock or ETF in my portfolio. + +I'm either holding it for any years or buying something else either way, so I'm not miserable that it's down 15%, but I'm wondering if there are some better options out there in this space. +Alright, so two months ago I posted about my issues with Poloniex and them not letting my withdraw my funds (now worth ~$77k). The post has grabbed some attention, and eventually Poloniex have replied to my support ticket, but ignored me ever after, as you can see here: + +https://i.imgur.com/lqVPFBX.png + +Eventually I got impatient of waiting for a reply, I went ahead and submitted a complaint on the BBB website, but that was to no help. + +I'm here to ask each and everyone of you for help, I need this to go viral, please. I want everyone to know how Poloniex treats customers who invest money on their website, and that they shouldn't be trusted, this issue has been going on for more than 5 months now, and with such an amount it's very, very wrong to ignore me and freeze my account, no organization should do that. + +I've trusted Poloniex with my money and this is what I get in return, a frozen account and no explanation of why my funds are held. This is very unprofessional and they're bad for the crypto community. Everyone needs to know about this and stop exchanging on this shady exchange. + +Proof of funds/account: https://i.imgur.com/9UfZ4P8.png + +Please everyone, help me get this viral and let Poloniex know that their reputation will be ruined if they don't release my funds. + +Thank you everyone, I appreciate it. +I’ve been investing for around 20 years but have mostly stuck with index funds or industry specific ETFs. I always had a familiarity with securities through work but was never that interested. Lately I’ve become quite interested in value investing. I’ve been reading a ton and it all makes sense of why it’s a good approach. But while I actually enjoy reading 10ks, having control over where my money is, etc, from a purely financial perspective I just can’t ignore the seemingly endless data that even if you’re willing to put in the time, be patient, be diligent, etc you’re still better off just sticking your money in SPY (or something similar). I may just be looking for confirmation bias, but I’d love to hear your thoughts, especially if you’ve been a value investor for a long time. Thanks. +I'm a Software Eng. and therefore will only cover the technical aspects. As you might already see in the title, I'm bearish on BB. I decided to share my thoughts, since a lot of people (and analysts) seem to overvalue the potential growth of the stock.I want to give a quick and **very abstract** introduction on technical terms: + +# Technicalities + +BB's QNX is a commercial Unix-like operating system, aimed primarily at the embedded systems market. In other words QNX can be run as a base on probably everything that is considered a computer ([IOT](https://en.wikipedia.org/wiki/Internet_of_things)), since it's Unix-like nature. [According to BB](https://blackberry.qnx.com/en) it powers train controls, ventilators, automation systems etc. + +Why would someone use QNX? According to BB because it is [save](https://blackberry.qnx.com/en/resource-center/qnx-certifications), secure, scalable and reliable. Focusing on cars (because that's what everyone talks about in this context, especially after the AWS news) a car manufacturer could implement QNX as the OS and on top of that develop everything else - for example the GUI, an app-store etc. + +However some, in fact most of the biggest car manufacturers, already developed or about to develop their own OS. Why? Only they know. [It's a common problem in the IT industry](https://xkcd.com/927/). + +# Contra BB (QNX): + +The following car manufacturers are [the biggest in the world](https://www.investopedia.com/articles/company-insights/091516/most-profitable-auto-companies-2016-tm-gm.asp): + +1. Toyota +2. VW +3. Daimler +4. Ford +5. Honda +6. BMW +7. GM + +&#x200B; + +1. [Toyota ditched QNX](https://www.obj.ca/article/blackberry-qnx-defensive-over-loss-toyota-open-source-linux-software) for [AML](https://www.automotivelinux.org/about/) (Linux). +2. [Volkswagen ditched QNX](https://arstechnica.com/cars/2019/09/volkswagen-audi-porsche-vw-group-plans-one-os-to-rule-them-all/) and develops [vw.os](https://www.volkswagenag.com/en/news/2019/06/volkswagen-with-new-software-unit.html) (Linux), which will be implemented across **all Volkswagens, Audis and Porsches**. Other car manufacturers, which are part of the VW group, that is Skoda, Seat, Lamborghini, Bugatti, **Skania, MAN** etc. are not confirmed so far, but I'm sure they will follow. +3. Daimler ditched QNX for [MBUX](https://www.mercedes-benz.com/en/innovation/connected/mbux-mercedes-benz-user-experience-revolution-in-the-cockpit/) (Linux). Although the t[erm MBUX seems to refer to more than just the OS](https://media.daimler.com/marsMediaSite/en/instance/ko/At-a-glance-The-key-data-on-MBUX.xhtml?oid=32705799). every new Mercedes build since 2018 comes with MBUX instead of QNX. +4. [Ford just dropped QNX this week](https://www.obj.ca/article/techopia/ford-drops-blackberry-qnx-infotainment-platform-inks-deal-google) and will use Google's [Android](https://en.wikipedia.org/wiki/Android_(operating_system)) instead. +5. Honda seems to stay with QNX. +6. [BMW ditched QNX](https://www.drwindows.de/news/11641-unsichtbare-dritte-marktueberblick-ueber-connected-car-betriebssysteme) and uses iDrive (Linux), although it seems that QNX is still working under the hood. +7. [GM ditched QNX](https://www.autonews.com/article/20141104/OEM06/141109954/gm-to-roll-out-android-cars-in-2016-supplier-says?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link) a few years ago and uses, just like Ford, Android. + +I didn't research the other car manufacturers, because the trend seems clear to me. Feel free to research them and let me know what you come up with. For anyone curious about Tesla, [it looks like they use Linux/Android.](https://www.tesla.com/de_DE/careers/search/job/embedded-softwareengineerlinuxplatforms-45034?redirect=no) + +# Pro BB (QNX): + +Developing an [entire os isn't as easy as developing some software](https://www.teslarati.com/tesla-vw-daimler-id3-software-problems/) (especially security compliance is a huge deal). + +# Conclusion + +In my opinion BB is overhyped. QNX is being ditched by pretty much most of the car manufacturers and the trend in the car industry [seems to be Linux, instead of Unix](https://www.pymnts.com/ecosystems/2018/ford-daimler-volvo-connected-cars/). + +Furthermore I just searched through job listings for "QNX" and found only 16 positions across Germany and the only car manufacturer out of that pool being Daimler (still need to maintain older cars that run QNX I suppose). + +Although Volkswagen had problems in the past when developing vw.os, other manufactures such as Daimler did excellent and MBUX is regarded as the best (infotainment system) there is as of right now. + +Let me hear your thoughts! +I sent money from one bank of mine to another with no issues. 6 weeks later, the recipient bank notified me that the transactions were disputed and the money was removed from my account. + +However, the money was never returned to me. Both banks tell me that zelle is responsible and to call them, but there is no zelle customer service if you used it via your bank web portal. They just refer you back to you bank. So Zelle is holding my funds somewhere and there is no dedicated fraud number or anything I can say on the phone to speak to their fraud team (if it even exists ). So I'm out almost $400 and zelle refuses to even speak to me about it. Idk what else to do... I've been to both banks and on the phone for hours just to be directed back to Zelle. +For those who subscribe to having the majority or the entirety of their equity holdings to consist of ETF/funds from the S&P 500, the impact to their portfolio as a function of any one company has increased substantially. + +Even with total market funds like Vanguard's VTI, these five stocks make up an outsized portion of the fund because of market cap weight. + +Much like investors using "ex-US" funds to increase exposure to international holdings, are there funds that are "ex-FAANG" so individuals can lessen the impact? If not, would another practical strategy be to buy more non-tech sector funds as opposed to say buy more of the 400+ other S&P 500 stocks as counterweight. + +Thoughts? + +------------------------------------------------------------------------ + +**EDIT1:** /u/exaggerate_a_point summed up my ask better than my own attempt so I'll add it here instead of responding to similar comments: + +> OP specifically said he/she wants to de-risk, aka diversify. It's not about not holding good companies, it's about hedging the risk if one has a bad series of news or events. It's inherently risky if your portfolio is heavily weighted in a handful of companies. + +Another good summary of the ask for this discussion from /u/FerociousGiraffe : + +>Trying to move your portfolio away from FAANG isn’t to say those are great, successful, hugely profitable companies. You’d keep a position in them. It’s about protecting against news that will only hurt FAANG while not hurting the broader market. + +**EDIT2:** For comments related to balancing with international equities, this discussion is contained for U.S. equities. Assume whatever percentage of bonds, precious metals, digital currency, international equities or whatever you think is appropriate in a portfolio has been addressed. + +**EDIT3:** Outside of suggestions like "Why do you hate winning?", some of the top solutions to dilute these stocks from your S&P 500 / U.S. equities part of a portfolio: + +* Many suggest a variation of my original post of simply adding more sector funds outside of tech. Though this strategy will unfortunately remove many non-giant tech companies in this sector. + +* Many of you like /u/desquibnt suggests equal weighted ETFs like RSP. However, RSP has a high net expense ratio of 0.20%. + +* /u/TriathlonNerd suggests a reverse cap weighted ETF like RVRS. This too has a high net expense ratio of 0.29%. + +* /u/BubbyginkESO and others suggests going broader than just 500 companies with low cost total market funds like Vanguard's VTI or Fidelity's FZROX. While these 5 stocks still make up the top holdings, the effect of a larger basket of stocks also dilutes these companies. So far, I like this simple and practical one the best. +I get the value of insurance for farmers and merchants because it amortizes breakage over millions of people over decades, so one sunk ship or one bad harvest don't drive people to bankruptcy. But health insurance seems different. + +For me to benefit from health insurance, I should get more in healthcare value than any dollar value I lose in my monthly premium. But for the insurance company to benefit from my subscription, they should deliver less healthcare value than the dollar value I pay to them + overhead + profit margins. And that's assuming all insurances companies act in good faith and pay what they promise and in time. And if you count the penalties against pre-exsiting conditions, it seem like health insurance can only pay off if you will suffer from unexpected health conditions after signing the contract, which is a really poor way of "turning profit". + +So why should insurance ever be more affordable than paying out of pocket? It seems like insurance is a gamble. You bet you're going to get sicker than what you pay for, and the insurance company bets you're going to be healthier than what you pay. Being that any bet the insurance company makes against you (anything they quote you is bet they feel confident making) is backed by more data and analytics than you will ever be able to match them. Sure some people can profit, but in practical terms, the house always comes out on top. So why is it ever beneficial to have a health insurance? +I read Air India used to be pretty good before it was nationalized and started needing massive subsidies to get by. Nowadays it is one of the worst airlines. This gave me the impression that privatized airlines would do much better than Nationalized ones, yet Emirates is massively profitable and an incredible experience and is actually Nationalized. Adding to my confusion, Etihad is a nationalized airline which was also a luxurious experience, yet they financially do terrible! Plus, there are plenty of private airlines that also offer mediocre experiences and are sometimes unprofitable. So what gives? Could someone explain what is going on, and if privatization is better for airlines, or nationalization? +YouTube for example is full of people trying to teach you how to profit from stock trading, what is the point of wasting time micro managing stocks when index funds exist? Am I missing something? +# + +https://preview.redd.it/yk7q3bvntml61.png?width=1602&format=png&auto=webp&s=4da710a1a5a0ab54ad63e59de93808ace97daa91 + +# Summary + +In late January I set the goal to double my account of $100,000 within six months. So far I have traded 25 days, and the account is currently at $171,700. I'm posting updates every weekend to help others learn from my successes as well as failures. + +I took 18 day trades this week, 15 winners and 3 losers. The most profitable day trades were in MDLA, GRPN, and PTON. These three trades all happened between 9:30 and 10:30 EST, in the first hour of trading. + +# [Dashboard](https://public.tableau.com/profile/nate8689#!/vizhome/GratefulTradingFundTracker/GratefulTradingFundTracker?publish=yes) + +Track my progress and see every equity traded [here, via Tableau Public](https://public.tableau.com/profile/nate8689#!/vizhome/GratefulTradingFundTracker/GratefulTradingFundTracker?publish=yes). This is updated at least once a week, from a report downloaded directly from the brokerage. + +# Scale Orders + +I used scale orders for the first time. Scale orders are useful in low volume conditions, including after and pre-market. This week I used a scale order to enter and then exit a trade in MDLA, which was the most profitable day trade of the week. The price was dropping steadily toward the support level I identified, and instead of setting a limit order at that level, I created a scale order starting 0.05 above and ending 0.05 below the level. The order began to fill steadily as the price entered the range, and by the time it began to bounce, my position was complete. I then moved on to the exit strategy below. + +# Profit Taking + +Once a trade comes into the money, I've started taking half the position off the table to lock in some profits, which allows me to set a stop price risking only these profits. With an OCO stop/limit order the outcomes are either 1) reap best-case-scenario profits on the second half, or 2) risk up to half of locked-in profits on a stop out if it goes the other way. With this exit strategy, you're only risking some of the money you already made. + +As always, feel free to ask questions and I will answer as many as I am able. Happy Trading! +So I'm confused , why are there so many long running supply chain disruptions almost a year on after the height of the pandemic? Where it's chips for cars, bicycles, kayaks, etc. you name it any manufactured goods appear to be having all sorts of delays.. + +I could see some industries (Take bicycles, the pandemic cause people to seek alternate exercise, and created a surge), but many other industries, probably had consistent demand.. + +Is there some other underlying reason why these issues are taking such a long time to resolve themselves, has the entire world been running on "just in time manufacturing" or something like that? +If UBI was implemented in the UK guaranteeing £1000 to every citizen, would firms not just increase their prices in response to the increased wealth and spending power of each citizen? +I've decided to compare my aldi receipt from +July 2021 compared to June 2022 +They say current CPI is at 10.1% projected to be at 13% + +1. Eggs were £1.18 (15 pieces) now £1.95 = +65% increase +2. Salmon fillet £2.49 now 3.29 = 32% increase +3. Tomato can £0.37 now £0.38 = 0.27 % increase +4. Spaghetti £0.23 now £0.39 = 69 % increase +5. Soft cheese £0.49 now £0.75 = 53% increase + +Now my basket is fairly similar to last year's and although I picked 5 of my most common purchases, +My costs have increased by a staggering 43%! + +If I input my petrol as well, it will be way higher. + +All our food baskets are different but I suspect the increases are similar. + + +They project CPI to be at 18% but I think that's still way off! + +Praise to the low earners making ends meet; all the best of luck because winter IS coming. + +Edit: tomato increase is 2.7% +Yes, Agriculture is the backbone of our country. And that most of farmers are too poor to pay taxes. + +But there are also many 'farmers' who earn crores of rupees under 'Agricultural Income' and don't pay either Income Tax or GST + +Salaried people have been bearing the burden of paying taxes honestly while these rich farmers (most of them are politicians) keep enjoying the Tax Exemption. + +In my opinion Agricultural Income above 2 crores should be taxed at 10% in my opinion. We can have a debate about the adeqaute tax rate, but to let a farmer earning Rs 10 crore and driving around in his Mercedez while not a paying a single dime in Taxes is unacceptable to me. + +And let's be honest. This exemption has also led to many people laundering their money from their other businesses and showing it as 'Agricultural Income' on their ancestral land. + +If poor farmers are given subsidies and loan waivers, then at the same time Rich farmers should be mandated to pay taxes too! + +What do you think?! +So I'm looking at three Taiwanese semiconductor companies, all which have some interesting trends: + +**$IMOS** + +* P/E: 4.47 +* PEG: 0.40 +* Yield: 23.92% + +**$ASX** + +* P/E: 4.83 +* PEG: 0.14 +* Yield: 8.98% + +**$UMC** + +* P/E: 6.93 +* PEG: 0.20 +* Yield: 13.89% + +Quite simply, I don't understand why these companies are priced so low. Over the past two years, we've heard again and again that there's a shortage of semiconductors, and that Taiwan is critical to the supply. + +And yet, all of these companies are priced as though the opposite is happening -- that they are akin to Nokia circa 2012. + +Nevertheless, it's entirely possible that the market sees something that I don't. In which case, what is it? +My boyfriend (36m) and I (29f) have been dating for 5 years and we have large income differences. My NW is around 1.2 million and I earn roughly $400k per year. He has 30k in debt and earns around $80k per year. + +I love him and we’ve been together 5 years. From the beginning, I said I never want to get married and he said he’s okay with that, as we both don’t come from happy families, and he’s ambivalent about marriage too. We both don’t want kids. + +The thought of being legally bound to someone for the rest of my life scares the beejesus out of me. I know first-hand how fast and unpredictably feelings and people can change, and how expensive and financially devastating divorces can be, especially for the higher-earning partner. That said, I do see a (hopefully) long and happy monogamous relationship for us. + +Given that we don’t want kids, I never want to get married or share finances. I am about to buy a house and when I do, my boyfriend can live there rent-free or contribute to groceries. When we vacation, I don’t mind paying the bulk of it. If he wants my financial advice I am more than happy to help advise and/or maybe even help pay off some of his student loans. + +But in no way do I want to share my money with him (or anyone) in the sense that my take-home salary is now jointly ours and belongs to both of us. And in the case where if we break up, I would have to owe him anything or split any of my current assets. + +Am I being selfish? One of my friends was saying the whole point of being in a relationship is that you share your wealth financially as one team. If I’m being honest, if we were in the same financial position, I think it would make a lot more sense to share things together. I do feel selfish that I am making a lot more than him and have a lot more assets and don’t want to share, but at the same time I feel like I’ve worked extremely hard to be where I am and I want to remain financially independent and in total control of my money. I’ve heard of prenups but AFAIK, in the event of a divorce all assets accumulated during the marriage would need to be split equally. + +Has anyone been in a similar situation with a large income gap between partners? Anything you would or would not recommend? +Yeet’s current trajectory is better than Bonfire’s + + +YeetToken is a community-coin first and foremost. We call it a decentralized community, meaning that the original creators of Yeet only control the Telegram; a different person controls each of YeetToken’s profiles, and yet they are all official channels. +YeetToken as a whole is a body, and each social is a semi-independent appendage, who takes orders from the head (Telegram), but the significant part is that the head can be cut-off and replaced, or demoted to a limb, if need be - it is ever-changing in its form. Yeet belongs to no one, or it belongs to every yeeter united in its mission to yeet to a place where no man has yeeted before. +This is the ideal system for a community-coin. It’s still being established because we’re only two days old but the idea is already permanent and expected. Launch-time was decided by community-vote, and the future direction of Yeet will continue to depend on its community. + +The team of Yeet is currently hard at work creating a legitimate supply chain and establishing the ecosystem of YeetToken. Each member of the community will have clear outlets to take their talents or passion. We call them cohorts. +We will place team leads and moderators in their relevant department, and have visible support channels that normal yeeters can easily access to help out in whatever way they can. Because after working on this project, I have realized that almost everyone wants to do something helpful, they just don’t know what to do or who to contact. At Yeet, we will harness this potential. + +Cohort divisions will include: +Marketing Specialists +Community Outreach +Web Design/Graphic Design/Video Editors +Community Managers +Programmers +Writers +Artists + +Let’s get down to the brass tacks. +1. There has never existed a dev wallet with YeetToken. Meaning the devs had to buy-in like everyone else. +2. Ownership has been fully renounced, and so no one can control YeetToken from a code-perspective. This is a more secure version of LP Lock. (We also have LP Lock) +3. Decentralized Community means that whoever the leader’s of the project may be, they can always be overthrown by the other social platforms and the community. +4. Renounced ownership + Decentralized community means that YeetToken is immortal as long as it's community thrives. +5. 1,000,000,000,000,000 Starting Supply | 50% Pre-Burn +6. 6% per Transaction = 4% Back to LP + 2% Reflection to holders. This token is designed to be user-friendly to both heavy traders and holders. +7. YeetToken was born 60 hours ago and just had a healthy correction - it’s still extremely early. + +YeetToken is a community-driven project that will most certainly moon hard. + +Socials: +Telegram (4800+): https://t.me/YeetTokenOfficial +https://www.reddit.com/r/YeetTokenOfficial/ +https://discord.gg/jfBBRCgr +https://twitter.com/yeettoken_hq +https://www.instagram.com/yeettoken/ +https://www.youtube.com/channel/UCKuCbJ9tE1ZQCcPIx_XjwKg + +Website: https://YeetToken.com +PancakeSwap: [Buy on PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7060d3f1cc70a07f4768560b9d9b692ac29244de) +Training starts Friday, pays $18.50 per hour, probably gonna lose my food stamps as this puts me at $31,000 per year if my math is right. Credit karma has my credit scores at 560ish for both equifax and transunion, both derogatory marks are less than $400 a peice. I'd be happy to pay them off If I knew how. + +If I did the math right, I should be earning $700 per week. My existing expenses are as follows. + +Car insurance, $552 biannuall + +Phone: $300 biannuall + +Triple A: $60 biannuall + +Gym membership: $25 a month, this is how I shower. + + +I live in my car, so no rental payment, but winter is coming here in Colorado so I may have to reconsider my position. + +Both are paid up in advanced through February, and I fully intend to have another 6 months ready for the next payment. + +I have $400 to my name at the time of writing this, and I want to have bare minimum of $10,000 in my account by the end of 2022. + +I'm open to suggestions. + +Edit: added more details as people were asking. Also added more of my monthly expenses as its been coming up. + + +Update: so it turns out that the training i thought I would get isn't actually happening. The way I understood it, I would be sat behind the wheel of the sprinter van, train for a few days, and then get tested. + +What ended up happening, was that I instead was plopped into the van and tested with no training at all. Idk if any of you have ever driven a sprinter van before, but its difficult for us 6ft bastards with no experience. I ended up losing the job. +Hi, + +TSM by all metrics seem to be growing, have good prospects, have gargantuan amounts of free cash flow and be trading at approx 50-60% FVE. + +It seems like a no-brainer. However, I am cautious by nature and need some help in figuring out if there is something I am missing? + +&#x200B; + +Thank you +It's both exciting and sad to see what's happening to WSB. I do welcome the new blood, but echoing the sentiment behind the post by /u/dillonsyp, some self-preservation may work well for the time being. Any old-school /r/wallstreetbets and /r/options users will know thetagang already, so no need to get further flooded. Thoughts? +A large portion of the population here in Bangladesh work as a day labourer. Instead of living weekly paycheck to paycheck, they live day to day. + +During the COVID-19 lockdown these people have been out of work for 3 months. There has been some government aid but that arrived late. So basically they spent approximately 2 months without any aid. And they survived and they have all got back to business again. + +Now, logically that does not make any sense. If they indeed lived day to day, then when the income inflow stopped, they would have starved by the week but they didn't. So what is going on here? Can anyone explain? +Now that SCHD has reached a low for the last 12 months (14% YTD), what is the plan? + +Load the truck with more? +Wait for it to drop lower? +How is everyone reacting to the news? + +My daughter was accepted in to an “elite” private school. She’ll start as a first grader and we would love for this to be the school she stays at until 12th. + +I’m hoping for some some personal anecdotes from fellow parents or previous students of these sort of schools. + +She currently attends a very small, close knit, church affiliated preschool. Going to an elite private school that offers boarding for upper levels will be a big jump, I’m sure. + +Before we make this jump, I want to hear it straight. I want to hear the good, the bad, and the ugly of what attending this school will mean for our daughter. + +On a very broad level we have concluded: + +Pros—enrichment opportunities offered far outweigh anything a public school or lesser private school could offer + +Cons—everyone is wealthy, white, and blonde +I am a newbie. I find it very difficult to find news about stock market which is free and elaborate. Can u share ur sources /sites which are free or cost very less. +1. Financial independence is being what to do what you want with your time, when you want it and how you want it. it’s not about getting rich +2. Saving does not require any reason or objective. Do it mindlessly - you’ll thank yourself later +3. As your income grows don’t upgrade your lifestyle proportionately. +4. Aggressive saving is more rewarding than aggressive investing/trading. It has way better risk/reward payoff +5. Black swans will occur no matter how ignorant you are of them. + +I think it’s a simple book that everyone must read. Even if you don’t agree to everything it says (for example, I save aggressively AND invest aggressively) it will still give you a good perspective +I'm curious about how it works for you! We have small children who seem impervious to cold (because they are constantly running around and also going through a phase where they want to wear all the socks they own at once) so it's we grown ups who are eyeing the thermostat grumpily. I keep trying to tweak it down, my husband keeps tweaking it back up again... It's usually set at 17 degrees and we have individual radiator thermostats in some rooms. (We're all home all day.) However, even at that level we're having some mould issues around our crappy windows. + +But with the rising energy prices predicted to go to insane levels, I'm wondering if anyone in a "normal" house (i.e. not something like a purpose built Passivhaus) NEVER turns their heating on. I like a crazy challenge and I'm thinking about it for next winter, but maybe this is too extreme for the UK! I don't want to be storing up problems that will take all the £££ we saved on heating to fix! + +I'd be attempting to experience it as a stoic, boundary-pushing challenge that will hopefully provide a quick savings boost, rather than a permanent lifestyle. Although, who knows! +Hey guys! This is the second week publishing some of my screening and analysis. Thanks for the comments and feedback on my post last week, I hope this continues to be useful for you and me. + +**Overview:** + +I'm screening around 250 different tickers each week to identify those with potential to profit off of a put credit spread. The initial filtering is done based on 8 criteria and values I have listed below. After that I look to the daily chart, IV data, and premiums to see if anything tickles my fancy. If you have any suggestions/comments feel free to let me know, I believe strongly in constantly evolving the process! Suggestions of new securities to check out are welcome also. + +**Goal:** + +Open a put credit spread on an underlying that I believe will stay level or increase in price prior to expiration. + +**Filter Criteria** + +I'm trying to find securities that are generally trending upwards in a steady manor. Ideally they're down from 3 days ago, pulling back toward the SMA20, and ready to bounce slightly and continue the general upward trend. Liquidity and IV both should be relatively high and ideally no earnings calls coming up during the duration of the trade. If all 8 of these criteria are met they will be given a grade of "A", if 7 of the 8 are met they will be given a "B", if 6 are met they get a "B-", and so on. All securities that are graded as a "B-" or better will then be investigated further. It is important to keep very strict criteria, these don't guarantee profit but they identify securities that I personally believe fit my strategy and risk level most closely. + +1. Underlying Price: $50+ +2. Underlying 3D trend: Negative +3. Underlying Price relative to SMA20: +/- 5% +4. Underlying Price relative to SMA50: Above SMA50 +5. RSI: <70, not overbought or close to being overbought +6. ATM Implied Volatility: >50% +7. IV Rank: >50% +8. Options Volume: >30,000 contracts/day + +**Trade Attributes** + +1. Spread: $5 or $10 depending on the upward trajectory and underlying price +2. Credit Target: at least 1/3 width of the spread, for $5 spread aim for \~$1.66 credit. This is straight from Tasty Trade guidelines +3. DTE: 30-45 days (ideally monthly expirations, not weekly. Monthly generally has more volume) +4. Sold Put Delta: \~30 +5. Earnings: None during trade duration + +**Exit Strategy** + +* Immediately set a GTC order to close the position at 50% profit +* Depending on the situation (especially DTE) I'll try to manage losses but typically not looking at this until I'm within 15 days of DTE or something crazy happens like a pandemic +* If holding until expiration I ALWAYS close the position at $0.01 instead of allowing it to expire. This is just safer and avoids any assignment shenanigans with one or both legs. + +**2/21 Results:** + +* Total on watchlist: **222** +* Grade A: **0** +* Grade B: **3** + * CCIV, RIOT, PSTH +* Grade B-: **18** + * BTBT, TLRY, FUTU, DBX, BABA, NET, GM, UBER, NKE, PINS, GILD, DIS, CMCSA, AMZN, JNJ, NFLX, MSFT, TSLA + * **PSTH** is priced below $50 so lack of strike prices and awkward spread lengths make this one hard to put a position together for. Other than that, the indicators all look pretty good here + * **CCIV** had a nice big red candle on Friday which is a good indicator for PCS entry point but I still think it's too far north of the SMA20 to determine any sort of resistance levels. It's also really high on RSI, 70+ + * **RIOT** Pretty much the exact same comments as CCIV + * **BTBT** Below $50 stock price and very low options volume, probably just going to take this one off the watchlist + * **TLRY** it's below $50 and coming off a moonshot so risky play here. Decent IV and slight resistance around the $26 mark. Something like Selling the 26 and buying the 24 strike puts on 3/19 expiration might be playable. I'm out on this one but am willing to discuss further in the comments. + * **FUTU** Same comments as RIOT and CCIV, too high above the SMA20 and RSI is high + * **DBX** I tried to make work, most of the indicators look good (minus the $23 price ) but we just got through earnings and you can see the IV crush. Low IV means low premiums, might be a good idea to wait on this for another week or two to see if IV starts creeping back up. + * **BABA** looks like it's sitting nice and cozy on the SMA20 and is trying to recover from news out of China a while ago attempting to break them up over monopoly accusations. IV is pretty low so you can't really get your 1/3 width of the spread credit but 255/250 spread credits you \~1.30 which isn't bad at all and the B/E would line up nicely with the SMA50. This is playable but I have a different favorite this week... + * **NET** looks fantastic to me on everything except IV, similar comments to DBX. I'll wait a little while and let IV build up before opening anything here. + * **GM** (I almost typed GME out of habit) similar comments here, we just had earnings so IV crush is real. + * **UBER** similar comments, low IV after earnings and low options volume at 3/19 expiration + * **NKE** is a very interesting situation. The fun part here is that earnings is 3/18, the day before the 3/19 expiration date. This is significant because as Theta decays the option value, IV will likely trend upwards until earnings so they'll be acting against each other. The technicals look good, down day on Friday but riding the SMA20 and 50 as support and RSI right around 50. This is a situation where you probably wouldn't see a quick 50% profit and likely end up holding longer than 15 days. + * **PINS** Similar as a few others above, too far above the SMA20 and RSI is high + * **GILD** is nice except for IV is low, down day on Friday right around a support level. Options volume is a little low too. + * **DIS** similar comments as others, earnings IV crush has these selling for cheap. I'll wait a week or two and check back + * **CMCSA, JNJ, NFLX** are all similar and I'm not going to lie, I got excited when I looked at each of the charts because the technicals look pretty good. Unfortunately the IV just isn't there to make these worth the capital. + * **TSLA** **(Check edit below, too)** is my favorite this week. A bunch of hours reviewing charts and spreadsheets only to land on a pick that somebody with zero knowledge of the market could have recommended. Anyway, it's dropped below the SMA20 and looking for support on the SMA50 with a down day on Friday and RSI moving below 50 I think we have a good opportunity here. There is some risk, late last year into early this year TSLA shot up without much support to fall back on, if it continues to fall below the SMA50 there's potential to drop all the way down to the $650 area. For the 3/26 expiration date I'm going with 730/720 put credit spread which will collect around $3.30 in credit with a max P/L of 330/670 and a B/E around 726. + +https://preview.redd.it/bzh9uq8z9pi61.jpg?width=2810&format=pjpg&auto=webp&s=fd833339247668452911a14ab6a916c3ce499646 + +* **MSFT** weak support up at the recent levels it climbed to, low IV, and high RSI. No bueno. +* **AMZN** has a nice opportunity for an Iron Condor which I might pull the trigger on. IV is a little low but there's still potential to grab $200+ in credit for a pretty wide spread and it's been maintaining a horizontal channel for a few months now. With only 28 DTE (under the 30-45 we typically aim for) I like it. + +https://preview.redd.it/4j7nisz24pi61.jpg?width=2810&format=pjpg&auto=webp&s=ad88e233863d53e2eb2e752aec013a8a0366a4fa + +**Summary** + +That's two weeks in a row that nothing has met all 8 criteria which I think is a good sign, it means our criteria is nice and strict. I'm going with a PCS on TSLA and an Iron Condor on Amazon, however, I won't track the IC here as this is supposed to focus on PCS, I just wanted to provide that as an example if anybody was interested. + +&#x200B; + +**Pending Positions** + +* None + +&#x200B; + +**Open Positions** + +* PCS on BLNK 3/19 expiration 45/40 + * Credit: $2.03 + * Max P/L: $203/$297 + * Potential Return/Collateral: 40.6% + * Last underlying price: $46.01 + * B/E: $42.97 + * DTE: 27 + * Notes: Had 30% gain in the first few hours, should have closed out but held and now it's bouncing around the SMA50 as expected +* PCS on TSLA 4/16 expiration 690/680 + * Credit: $3.60 + * Max P/L: $360/$640 + * Potential Return/Collateral: 36% + * Last underlying price: $753.49 + * B/E: $686.40 + * DTE: 53 + * Notes: See analysis above + +**Trade statistics** (nothing to populate but I'm keeping this in here so I don't forget it on the next post) + +* Wins: 0 +* Losses: 0 +* Win %: 0.0% + +&#x200B; + +**FAQ** + +* Why use a put credit spread, why not a cash secured put? + * The underlying securities that I'm tracker are not necessarily ones that I would prefer to own long term. This specific strategy centers around identifying securities that will hold their value or increase within the next 30-45 days + * Limited downside risk if I'm wrong, I'm not evaluating these securities to potentially hold longer term + * PCS let's you play with the big boys! Companies like AMZN or TSLA require a ton of capital to be laying around for CSP that I personally do not have +* Why only PCS, what about other strategies? + * PCS was just the first strategy that I put together this analysis for. CSP and IC are also a major part of my overall strategy and I encourage diversifying strategies +* Where are these criteria coming from? + * Don't re-invent the wheel! Most of this criteria is coming from Tasty Trade guidelines. They have way more knowledge than I will ever have in regards to options trading which is why I trust them as a starting point. + * I will tweak the values slightly based on specific conditions or differences in risk management that I have from them. I encourage you to do the same +* Why sell at 50% profit instead of waiting until 100% at expiration? + * A la TastyTrade, due to theta decay and potential underlying price increase I'm looking to close out 50% profits within the first \~15 days of the trade. Theoretically this allows me to collect 50% of profits 3 times within the targeted 45 DTE + * I don't *always* cut and run at 50%, if I'm confident in the position I'll let it keep going +* What tools do you use for filtering and analysis? + * Google Sheets for the initial filter + * [https://docs.google.com/spreadsheets/d/1JEq9rtzUO8zNw\_cfcg01vd2lNzfipCJSiB4C8P7DhUw/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1JEq9rtzUO8zNw_cfcg01vd2lNzfipCJSiB4C8P7DhUw/edit?usp=sharing) + * [Tradingview.com](https://tradingview.com/) for charts + * [Barchart.com](https://barchart.com/) for options data and earnings dates export + * [SwaggyStocks.com](https://swaggystocks.com/) for IV analysis + * TastyTrade for setting up my trades + +&#x200B; + +Edit 1: TSLA is dropping pre-market even further 2/22 morning! This is a good and bad sign, good in that our downside premiums will be higher which either allows us to maintain our planned strike prices for more credit or move our strikes lower to a safer price point and maintain the same credit. Bad in that we don't know how far it's going to go so we need to be careful about entering. I might even push it out to the 4/16 expiration to absorb any short term market correction. + +Edit 2: Updated my position with the TSLA entry point. I got lower strike prices and went with the 4/16 expiration due to the drop 2/22 morning. I'm expecting the \~$675 area to provide some support if the price drops any further. +A year and half ago, I was driving down the empty street of Toronto, the city was under complete lock down. I remember looking at the 60 Cents per litre price tag on gas stations, me and my wife had a good chuckle. I asked her then, "Do you really think that we are going to have this price for gas for the next few years? There is NO way" + +Now it does seem like an easy question, this morning the price was 1.46/L and radio says its going up another cent tonight. But then, why didn't I hold my oil stocks, which would have a gain from last year and half of at least $500k even if I sold earlier this year, that's not even counting the current run up. + +The simple truth is, buying the dip is hard for new investors. I am not talking about 10% or 20% dip, I am talking about major big ass dip that give you heart attacks. Sure, it's easy to look back at any major market crash and say "I should have just held it, it's no brainer". Like the famous saying, Be Greedy when Others are Fearful. But in the midst of a crisis, the stress can easily get to you. + +Back to this oil crash example. There were suddenly ZERO articles recommending buying oil and gas companies, global storages were getting full, oil dipped below $0 for the first time in history. The big buzz was renewable energy going to emerge from this pandemic, oil is dead forever. Some trolling analysts were giving $10 per share price target for Exxon Mobile. You start to doubt yourself, what if I am wrong? The deep red in your portfolio is constantly taunting you, suddenly the pain is too much to bare. + +But here is what I've learned from this important experience, and I truly believe it will benefit me more in the coming years in investing. + +1. If the fundamental of your thesis haven't changed, then stay strong. Buying dips on crap companies won't work. But if the investment fundamental hasn't changed or even improved, then the stocks will always recover. +2. There will ALWAYS be counter arguments to your investment plan. Listen to them, but don't fall to fear. In march 2020, people said oil is dead and renewable energy is the future. This popular belief were overwhelming, but logically, there is just no way in hell oil and gas can be replaced within a few short years. +3. Control your own exposure to your portfolio. If you are worried all the time, don't look at your portfolio. Set a rule, that you can only look at it once a week, for example. If you don't, the stress will get to you and you can make poor decisions. +4. You WILL go into red. It's statistically very unlikely you can time the bottom. That means when you buy dips, you will most certainly go into red for a period of time. However, if the price is worth it and you can handle the stress, it's more rewarding than buying when stock is recovering. Peter Lynch said, it's often too late to buy when market sentiment change for the positive. And this was demonstrated very well by the V shaped recovery last year. + +I am sharing this, hopefully to give you some insight if you are new to investing. Buying big dips is not for the faint of heart, but it's extremely rewarding. For every crisis there is almost certainly an opportunity. I have since learned from my mistake, and have being rewarded handsomely. +Wouldn’t it be great if we could find great stocks before they explode? I guess that’s the most common question we ask here that how to invest in a stock before it has already rocketed. Now this is my very first DD actually and I’ve spent considerable amount of time in performing this due diligence, however I might be missing the finesse of some of the elder gods here so kindly excuse me for that. But this is a stock that hasn't made any major movement yet but I believe it has a very high potential to grow exponentially. + +**Bee Vectoring Technology (BVT) (CSE: BEE.CN;** **OTCQB: BEVVF**) is a Canadian venture company and it’s core objective is to provide scalable, sustainable, natural commercial farming solutions. The most amazing stuff I’ve ever heard & read honestly. They use BEES to deliver natural pesticides with the natural process of pollination. How fantastic is that? They are saving the farms & earth at the same time. PRODUCT - As per their official website, BVT’s Vectorhive™ system uses commercially reared bumblebees or honey bees, whichever is the preference to a grower’s practice, to deliver BVT’s patented Vectorite™ with CR-7, a biological fungicide for control of common fungal diseases, including Botrytis Gray Mold. BVT’s patent-pending technology has bees pick up Vectorite, a mixture containing CR-7, from a tray at the hive. Although the product is being expanded to honeybees, it was initially developed with bumblebees in mind.  + +**KEY ACHIEVEMENTS** \-  + +* 1st EPA registered product approved for natural delivery be Bees +* 35% Average improved yield vs. fungicide alone in strawberry crops +* 28% Higher yield on blueberries vs. pollination alone + +**APPLICATIONS** \- How BVT works ([Youtube Video](https://www.youtube.com/watch?v=K2UfwhnyWzU)). Works beautifully for crops including - Strawberry, Blueberry, in fact most of the berries, Apples, Tomatoes, Canola et al.  + +**MANAGEMENT** \- Solid management team headed by **Ashish Malik** who was previously the VP of Global Marketing for Biologics at Bayer CropScience. **Michael Collinson** served as the President and Chief Executive Officer (CEO) of BVT from 2012 to August 2016 and continues as the Chairman of the Board. He was previously an executive at Teknion in business development during an intense period of revenue growth from $40 million to $1 billion, and ultimately through to their becoming a public company. **Christoph Lehnen** is the technical lead for Europe previously worked for the Swiss Federation leading a wheat breeding program (spelt) before joining one of Syngenta’s legacy companies as a product manager. **Gerardo Suazo** is the technical lead for Americas previously worked as Product Technical Lead at Syngenta where he led regional launch activities with the two largest US and Canadian retailers and developed novel technologies for greenhouse growers. Ashish Malik seems like a solid guy with a clear thought process. I really enjoyed [watching his video here](https://www.youtube.com/watch?v=lmj0RKfbjPo) discussing their 2020 plan. His answers to some questions are pretty convincing too.  +MAIN WEBSITE - [http://www.beevt.com/](http://www.beevt.com/) +Product website - [https://www.vectoritebvt.com/](https://www.vectoritebvt.com/) +Dedicated section for investors - [http://www.beevt.com/investors/stocktradingresource](http://www.beevt.com/investors/stocktradingresource)  + +**Current stock price -**  +CSE: Ticker BEE.CN CAD 0.45  +OTC Markets: Ticker BEVVF USD 0.355 +Market Cap - 32.6 M + +**Why am I interested in this stock?** I have invested in illogical stocks just cos of their face value and made money out of it. For once, this is a sustainable company that is using BEEs to make the world a better place. I am in for the BEES. However, some additional pointers -  + +1. In 2018 alone, $17 Billion was invested in the AgriFood Tech domain.  +2. $240 BILLION is the total addressable market within crop protection & fertilisers.  +3. $20 Billion is the total market opportunity for BVT to readily leverage.  +4. 3 MILLION Bee Hives rented for pollination annually.  +5. 60+ Patents Granted; 30+ Patents pending  +6. For a 2.5 months of Strawberry season, BVT replaces 4 KGs of PESTICIDES with just 20 grams of Biological BVT. + +**Risks?** I am not sure if AgriFood Tech is as sexy a sector as EV or Weed currently so this stock might not get the right amount of attention it deserves. Plus with no catalysts around, the growth (or the lack thereof) could be a slow burn. PS - Do not get into this stock thinking that it’s going to multiply like crazy as I don’t see ANY catalysts but I genuinely believe in what they’re doing and want them to be successful for the sake of BEES. Do you own study and apply your own logic before investing.  + +Disclaimer - I am in with 3000 stocks on TSX at CAD 0.44 +So apparently, some of you known scammers are getting a little butt-hurt about being added to our known scammers list, but I got news for you: if you're on there... I guarantee you that it is justified. + +Now, YouTuber Sunny Decree is on the list, but he has stated that it is okay that he is on there, because he did at one time promote BitConnect, and that it is possible that some folks money was still tied up in the platform once it went tits up, but at least he has the balls to accept that, and has been actively warning people to get out for months now. + +He has also apologized to anyone who signed up under him, unlike CryptoNick, who says in his latest BitConnect video that it was our fault for listening to him... and maybe he's right... but if you still watch his shit and listen to him after this you deserve to get burnt! + +Oh, and now I catch wind of some kid named Jeffrey Crypto getting upset, and threatening legal action because he has been added to the scammer list, which can be viewed here by the way: + +https://www.reddit.com/r/CryptoCurrency/comments/7r6chx/here_is_a_list_of_crypto_ponzi_schemes_and_people/ + +Sorry there Jeff, but you did this to yourself, and now we have to protect our community from scammers like you. Hell, some of the scammers are so deep into their lies, that they are actually convincing their minions to buy up BitConnect tokens as I type this... I'm talking to you Trevon James and Craig Grant... good job! + +Take responsibility for your actions, ask for forgiveness, and own what you did, and move the fuck on, but please understand, that we won't ever forget what you did here in the Cryptocurrency sub-Reddit. +The human race has been urbanizing at a rapid pace. But I don't understand why cities are useful if they have higher costs of living and don't play their Industrial Revolution role as a centralized source of manufacturing labor. After Covid, we've reevaluated the need for working in offices, so what jobs need to be done in the empire state building that can't be done from your mom's basement in Omaha? Only exception I see are big trade ports or political hubs (which are borderline unnecessary now too) +The increasing of the cost of living has now spread into the great Aussie icon - the Bunnings snag. + +This is the first lift in price for this item in 15 years. + +Prices are set to rise on July 23 across 300+ stores. + +Will there be a run on snags this weekend before the price hike? Will the rise prove too much for some? Will charities make more or less profit? Is the $1.00 rise too much? + +PS - I would’ve linked the article I read this in, but it’s from a source r/ausfinance doesn’t like. +$Baby EverDoge — Top 3 on Dextools, 4m market cap, big buybacks coming at 5m, major marketing soon! + +If you haven’t already, it’s probably time for you to consider getting into Baby EverDoge. It’s the combination of 3 memes with a legit dev, a crazy community, and a marketing wallet that is just about to start working. The coin has already made it to #1 on Dextools when it was just a few hours old and is still top 5. The token is LESS THAN A DAY OLD and already listed on CoinGecko! And again, the team has *hundreds* of BNB to spend on marketing. They also plan to do major buybacks at 5m and 10m, which are coming *rapidly*. + +The news keeps rolling in, but new exchanges, listings, and partnerships are coming in faster than anything I’ve seen before. There are telegram groups in several different countries/languages that are working 24 hours/day to get the token flying. Check out the chart and you’ll see how successful they have been. + +Here’s the basic rundown on how you make money from holding: + +Baby EverDoge token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, the contract takes care of buying back some of the tokens and burns them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time. + +And here are the tokenomics: + +📥 6% goes to Buyback Tax +📥 3% goes to marketing +📤 2% is distributed among the holders. + +Important links: + +🌏 Website www.babyEverDoge.com +📱 Telegram Community https://t.me/BabyEverDoge +📄 Contract address: 0x06c4212ae2fea51a27a045d968e73f7e91ea5521 + +Slept on this last night and it was a fantastic decision. Rarely can I sleep on shitcoins and wake up without major regrets. This one has serious moonshot potential and it is still early. Again, less than 24 hours old. Don’t miss out. Come join the telegram with nearly 5k members and hop in voice chat if you have any questions! +Sharing in case anyone might find it useful. Earlier this year, we sent out about 100 direct mail letters to owners of vacant lots in a particular area. We focused specifically on lots that were zoned R2, meaning you could build a duplex on the lot. + +Received a call from one of my letters and bought the lot from the guy for $35K using a private lender. It was an oversized lot (formerly 3 lots, but redrawn into one single lot). After purchasing, we applied to resubdivide the lot into 2, and got approval. We spend roughly $5,000 on grass cuts, survey, resub fees and interest to investor. We sold one of the lots to another investor for $35K and planned to build a duplex on the other lot (now owned it free and clear with $5K out of pocket). While waiting to build (we had a few other projects in line before this one), an investor reached out asking if I had any lots of be willing to sell. I threw out $45K and he agreed. Fast forward 3 weeks and we just closed today. Net proceeds were $44,500. Not a bad deal! + +Tldr: bought a lot for $35K plus $5K in fees/ expenses. Had the lot divided into 2. Sold one for $35K and the other for $45K. Walked away with ~$40K profit with very little money out of pocket. +**I have no position in GME**. I've been a member of this sub for a long time. I know this post is going to get downvoted, but I've got to make it because I am very concerned that we could have a wave of self harm urges depending on the way GME moves. + +Please. For the love of everything... be careful. Control your risk. Control the size of your positions and what you're willing to lose. I am seeing posts about people throwing in a million at levels above 200 or 250. Saying that it's everything they've made in the past few years, or maybe it's margin, or maybe it's their ira or savings. + +Eventually this has to come down. Every single spike like this has. Nothing moves from 20 to 470 in a few days and stays there. Going to 1000? Because Volkswagen did? There's no reason to believe that it will and if it does, that candle wick top could be a small amount of shares. Please, PLEASE... just don't trade more than you can lose. I really am hoping with every fiber of my being that this thing shatters the moon and goes to mars for all of you. + +Once the collapse starts the order book could quickly evaporate. You could become trapped very easily and if you're anywhere above 100$ a share the odds of it coming back are extremely slim should this follow Volkswagen. They stayed under 30 for a decade once it was over. And it did end, and fast. + +When things are extremely euphoric it's incredibly difficult to tell where you are at in the process. I don't know what's going to happen. What I do know, is that there's going to be some of us in bad shape, for one reason or the other. + +I've been a trader for years. I've been a member here for quite a long time. I am making this post not to tell you what to do, but to recommend you manage what you do right now. + +Some people are betting such large amounts so high up that they could find themselves in a mental break if they have bad luck. These kinds of movements are super exciting, but getting trapped with a large amount or margin amount high up on a flimsy spike can lead to self harm. + +Which is why I want to urge you to use the hotline. If you're in a very bad place right now, please, use the hotline. Please don't use a permanent solution. + +I love all of you guys. I love the memes you make. This part of the internet has been my favorite place for a long time. And I want all of us to keep making memes and having fun. Please be safe. +I don't really know where to post this but I feel like I need to vent. + +Do not take this as criticism of Bitcoin, blockchain technology, or cryptocurrency users & developers, it's not. + +There are probably other factors that led to my brother's suicide, but he had been beating himself up over Bitcoin for the past several years to the point where he seemed constantly depressed over it and gradually became a shadow of his former happy self. + +He claimed to have owned 15,000 at one point, which may have been an exaggeration. But I know for a fact that at some point around October-November 2012 he did have at least 6,000 BTC which he showed me in his wallets. He was so enthusiastic about Bitcoin and how cryptocurrencies would revolutionize the financial world. For awhile he was annoying the fuck out of our relatives about how it would make them millionaires. + +I'm not sure exactly what happened to his BTC. Sometime in 2013 he claimed to have lost most of them in a hack and sold the remainder too early. He very well may have sold them all too early, but who knows. + + As the price took off in late 2013-early 2014 you could tell he was distraught over it and became increasingly withdrawn from family and friends. Whenever I did manage to contact him he would sometimes end up ranting about how badly he had fucked up and how he would never have a chance to be rich again. + +As the price climbed up to 10k over the past several months it became even more difficult to make contact with him, he just wouldn't reply to me or my parents calls and texts. A couple weeks ago my parents flew out to see my brother and found him dead by suicide with no note. He was 29 with 50 years of life ahead of him. + +Other than obvious grief I don't really know how to feel about this. If I had missed out on $50M I might have killed myself too. I can't imagine what my brother must have been feeling these past several years knowing he missed his best & easiest shot at the wealthy life he had always fantasized about. Bitcoin totally fucked up his mindset to the point where you couldn't talk about anything related to investing, money or finances without him storming off or crying. + +If there's any more of you in a similar situation feel free to PM me. Please try to recognize there are endless economic opportunities in life and 1 mistake doesn't define your future. There are family and friends who care about you and will listen. +The company survives on data mining and with new Apple's data privacy policy and upcoming similar law from Google, Facebook is going to go under a very difficult path. New generation doesn't use their flagship product and their new products are notoriously lame. VR never took off, WhatsApp has its own issues and only Instagram seems to be doing fine currently. + +How will they hold onto their trillion dollar valuation? I'm not sure why Parag Parikh Flexi Cap Scheme has Facebook instead of Apple in their portfolio. + +As a person who's invested in this scheme, this bothers me a little. Is anyone more informed care to explain this move of theirs? + yea so basically we would just be chatting and asking you some mind set questions to see if you both qualify to move forward and possibly(they are picky about who they work with) be mentored on how to build an asset by that couple that has those results in life we talked about. Hopefully that makes sense, its totally fine if he’s not really looking for more but they don’t really educate half couples, if that’s a serious relationship, I would recommend him being there. + +Edit: I told her to ask what company it is, this was the lady’s response. + +Hey, so no not a company, really it’s their information to give and we went through a process to earn that information,and I’m not sure your education level on financial independence, mine was really a zero , but basically they taught us how to change the way we made money so it works for us instead of us having to continue to work for it, basically we earned their time and mentorship on building an asset. There’s a lot of layers of understanding obviously, but that’s the in a nut shell version, really sitting down would be to see if you think the right way and if it’s a good fit for us to open a door for you to be fully educate on everything that contains, because they don’t just give that information to anyone and everyone. + +Edit: thanks for the responses guys! Just to be clear neither of us wanted to go we were just curious about what they were up to! +Bombardier Recreational Products (BRP) reported their highest quarter of sales in the company's history. + +Seadoos, boats and ATVs showing strength and orders for ski-doos strong for the winter season. + +The reality is that the demand for these fun outdoor machines is strong even in a tougher economy. + +https://preview.redd.it/q5xe64fzeun91.png?width=1270&format=png&auto=webp&s=166a669b627f60462d1165aef598bb4d6e426dff +*Written by James Stafford of OilPrice.com* + +There is a massive threat to our capital markets, the free market in general, and fair dealings overall. And no, it’s not China. It’s a homegrown threat that everyone has been afraid to talk about. Until now. + +Hordes of new retail investors are banding together to take on Wall Street.  They are not willing to sit back and watch naked short sellers, funded by big banks, manipulate stocks, harm companies, and fleece shareholders. + +The battle that launched this week over GameStop between retail investors and Wall Street-backed naked short sellers is the beginning of a war that could change everything. + +It’s a global problem, but it poses the greatest threat to Canadian capital markets, where naked short selling—the process of selling shares you don’t own, thereby creating counterfeit or ‘phantom’ shares—survives and remains under the regulatory radar because Broker-Dealers do not have to report failing trades until they exceed 10 days. + +This is an egregious act against capital markets, and it’s caused billions of dollars in damage. + +Make no mistake about the enormity of this threat: Both foreign and domestic schemers have attacked Canada in an effort to bring down the stock prices of its publicly listed companies. + +In Canada alone, hundreds of billions of dollars have been vaporized from pension funds and regular, everyday Canadians because of this, according to Texas-based lawyer James W. Christian. Christian and his firm are heavy hitters in litigation related to stock manipulation and have prosecuted over 20 cases involving naked short selling and spoofing in the last 20 years. + +*“Hundreds of billions have been stolen from everyday Canadians and Americans and pension funds alike, and this has jeopardized the integrity of Canada’s capital markets and the integral process of capital creation for entrepreneurs and job creation for the economy,”* Christian told Oilprice.com. + +**The Dangerous Naked Short-Selling MO** + +In order to \[legally\] sell a stock short, traders must first locate and secure a borrow against the shares they intend to sell. A broker who enters such a trade must have assurance that his client will make settlement. + +While “long” sales mean the seller owns the stock, short sales can be either "covered" or "naked." A *covered short* means that the short seller has already “borrowed” or has located or arranged to borrow the shares when the short sale is made. Whereas, a *naked short* means the short seller is selling shares it doesn’t own and has made no arrangements to buy. The seller cannot cover or “settle” in this instance, which means they are selling “ghost” or “phantom” shares that simply do not exist without their action. + +When you have the ability to sell an unlimited number of non-existent phantom shares in a publicly-traded company, you then have the power to destroy and manipulate the share price at your own will. + +And big banks and financial institutions are turning a blind eye to some of the accounts that routinely participate in these illegal transactions because of the large fees they collect from them. These institutions are actively facilitating the destruction of shareholder value in return for short term windfalls in the form of trading fees. They are a major part of the problem and are complicit in aiding these accounts to create counterfeit shares. + +The funds behind this are hyper sophisticated and know all the rules and tricks needed to exploit the regulators to buy themselves time to cover their short positions. According to multiple accounts from traders, lawyers, and businesses who have become victims of the worst of the worst in this game, short-sellers sometimes manage to stay naked for months on end, in clear violation of even the most relaxed securities laws. + +The short-sellers and funds who participate in this manipulation almost always finance undisclosed “short reports” which they research & prepare in advance, before paying well-known short-selling groups to publish and market their reports (often without any form of disclosure) to broad audiences in order to further push the stock down artificially. There’s no doubt that these reports are intended to create maximum fear amongst retail investors and to push them to sell their shares as quickly as possible. + +That is market manipulation. Plain and simple. + +Their MO is to short weak, vulnerable companies by putting out negative reports that drive down their share price as much as possible. This ensures that the shorted company in question no longer has the ability to obtain financing, putting them at the mercy of the same funds that were just shorting them. After cratering the shorted company’s share price, the funds then start offering these companies financing usually through convertibles with a warrant attachment as a hedge (or potential future cover) against their short; and the companies take the offers because they have no choice left. Rinse and Repeat. + +In addition to the foregoing madness, brokers are often complicit in these sorts of crimes through their booking of client shares as “long” when they are in fact “short”. This is where the practice moves from a regulatory gray area to conduct worthy of prison time. + +Naked short selling was officially labeled illegal in the U.S. and Europe after the 2008/2009 financial crisis. + +Making it illegal didn’t stop it from happening, however, because some of the more creative traders have discovered convenient gaps between paper and electronic trading systems, and they have taken advantage of those gaps to short stocks. + +Still, it gets even more sinister. + +According to Christian, “global working groups” coordinate their attacks on specifically targeted companies in a “Mafia-like” strategy. + +Journalists are paid off, along with social media influencers and third-party research houses that are funded by what amounts to a conspiracy. Together, they collaborate to spread lies and negative narratives to destroy a stock. + +At its most illegal, there is an insider-trading element that should enrage regulators. The MO is to infiltrate a company through disgruntled insiders or lawyers close to the company. These sources are used to obtain insider information that is then leaked to damage the company. + +Often, these illegal transactions involve paying off “informants”, journalists, influencers, and “researchers” are difficult to trace because they are made from offshore accounts that are shut down once the deed is done. + +Likewise, the “shorts” disguised as longs can be difficult to trace when the perpetrators have direct market access to trading systems. These trades are usually undetected until the trades fail or miss settlement.  At that point, the account will move the position to another broker-dealer and start the process all over again. + +The collusion widens when brokers and financial institutions become complicit in purposefully mislabeling “shorts” as “longs”, sweeping the illegal transactions under the rug and off of regulatory radar. + +“Spoofing” and “layering” have also become pervasive techniques to avoid regulator attention. Spoofing, as the name suggests, involves short sellers creating fake selling pressure on their targeted stocks to drive prices lower. They accomplish this by submitting fake offerings in “layers” at different prices to create a mirage. + +Finally, these bad actors manage to skirt the settlement system, which is supposed to “clear” on what is called a T+2 Basis. That means that any failed trades must be bought or dealt with within 3 days. In other words, if you buy on Monday (your “T” or transaction day), it has to be settled by Wednesday. + +Unfortunately, Canadian regulators have a hard time keeping up with this system, and failed trades are often left outstanding for much longer periods than T+2. These failing trades are constantly being traded to reset the settlement clock and move the failing trade to the back of the line. The failures of a centralized system… + +According to Christian, it can be T+12 days before a failed trade is even brought to the attention of the IIROC (the Investment Industry Regulatory Organization of Canada)… + +**Prime Brokers and Banks are Complicit** + +This is one of Wall Street’s biggest profit center and fines levied against them are merely a minor cost of doing business. + +Some banks are getting rich off of these naked short sellers. The profits off this kind of lending are tantalizing, indeed. Brokers are lending stocks they don’t own for massive profit and sizable bonuses. + +This layer of what many have now called a “criminal organization” is the toughest for regulators to deal with, regardless of the illegal nature of these activities. + +Prime brokers lend cash account shares that are absolutely not allowed to be lent. They lend them to short-sellers in order to facilitate them in settling their naked shorts. + +It’s not that the regulators are in the dark on this. They are, in fact, handing out fines, left and right—both for illegal lending and for mismarking “shorts” and “longs” to evade regulatory scrutiny. The problem is that these fines pale in comparison to the profits earned through these activities. + +And banks in Canada in particular are basically writing the rules themselves, recently making it easier (and legal) to lend out cash account shares. + +Nor do law firms have clean hands. They help short sellers bankrupt targeted companies through court proceedings, a process that eventually leads to the disappearance of evidence of naked shorts on the bank books. + +“How much has been stolen through this fraudulent system globally is anyone’s guess,” says Christian, “but the number begins with a ‘T’ (trillions).” + +The list of fines for enabling and engaging in manipulative activity that destroys companies’ stock prices may seem to carry big numbers from the retail investor’s perspective, but they are not even close to being significant enough to deter such actions: + +– The SEC charged Citigroup’s principal U.S. broker-deal subsidiary in 2011 with misleading investors about a $1 billion collateralized debt obligation (CDO) tied to the U.S. housing market. Citigroup had bet against investors as the housing market showed signs of distress. The CDO defaulted only months later, causing severe losses for investors and a profit of $160 million (just in fees and trading profits). Citigroup paid $285 million to settle these SEC charges. + +– In 2016, Goldman, Sachs & Co. agreed to pay $15 million to settle SEC charges that its securities lending practices violated federal regulations. To wit: The SEC found that Goldman Sachs was mismarking logs and allowed customers to engage in short selling without determining whether the securities could reasonably be borrowed at settlement. + +– In 2013, a Charles Schwab subsidiary was found liable by the SEC for a naked short-selling scheme and fined $8.2 million. + +– The SEC charged two Merrill Lynch entities in 2015 with using “inaccurate data in the course of executing short sale orders”, fining them $11 million. + +– And most recently, Canadian Cormark Securities Inc and two others came under the SEC’s radar. On December 21, SEC instituted cease and desist orders against Cormark. It also settled charges against Cormark and two other Canada-based broker deals for “providing incorrect order-making information that caused an executing broker’s repeated violations of Regulation SHO”. According to the SEC, Cormark and ITG Canada caused more than 200 sale orders from a single hedge fund, to the tune of more than $660 million between August 2016 and October 2017, to be mismarked as “long” when they were, in fact, “short”—a clear violation of Regulation SHO. Cormark agreed to pay a penalty of $800,000, while ITG Canada—one of the other broker-dealers charged—agreed to pay a penalty of $200,000. Charging and fining Cormark is only the tip of the iceberg. The real question is on whose behalf was Cormark making the naked short sells? + +– In August 2020, Bank of Nova Scotia (Scotiabank) was fined $127 million over civil and criminal allegations in connection with its role in a massive price-manipulation scheme. + +According to one Toronto-based Canadian trader who spoke to Oilprice.com on condition of anonymity, *“traders are the gatekeeper for the capital markets and they’re not doing a very good job because it’s lucrative to turn a blind eye.”* This game is set to end in the near future, and it is only a matter of time. + +*“These traders are breaking a variety of regulations, and they are taking this risk on because of the size of the account,”* he said. *“They have a responsibility to turn these trades down. Whoever is doing this is breaking regulations \[for the short seller\] and they know he is not going to be able to make a settlement. As a gatekeeper, it is their regulatory responsibility to turn these trades away. Instead, they are breaking the law willfully and with full knowledge of what they are doing.”* + +*“If you control the settlement system, you can do whatever you want,”* the source said. *“The compliance officers have no teeth because the banks are making big money. They over-lend the stocks; they lend from cash account shares to cover some of these fails … for instance, if there are 20 million shares they sold ‘long’, they can cover by borrowing from cash account shares.”* + +**The Naked Truth** + +In what he calls our “ominous financial reality”, Tom C.W. Lin, attorney at law, details how “millions of dollars can vanish in seconds, rogue actors can halt trading of billion-dollar companies, and trillion-dollar financial markets can be distorted with a simple click or a few lines of code”. + +Every investor and every institution is at risk, writes Lin. + +The naked truth is this: Investors stand no chance in the face of naked short sellers. It’s a game rigged in the favor of a sophisticated short cartel and Wall Street giants. + +Now, with online trading making it easier to democratize trading, there are calls for regulators to make moves against these bad actors to ensure that North America’s capital markets remain protected, and retail investors are treated fairly. + +The recent GameStop saga is retail fighting back against the shorting powers, and it’s a wonderful thing to see – but is it a futile punch or the start of something bigger? The positive take away from the events the past week is that the term “short selling” has been introduced to the public and will surely gather more scrutiny. + +Washington is gearing up to get involved. That means that we can expect the full power of Washington, not just the regulators, to be thrown behind protecting the retail investors from insidious short sellers and the bankers and prime brokers who are profiting beyond belief from these manipulative schemes. + +The pressure is mounting in Canada, too, where laxer rules have been a huge boon for manipulators. The US short cartel has preyed upon the Canadian markets for decades as they know the regulators rarely take action. It is truly the wild west. + +Just over a year ago, McMillan published a lengthy report on the issue from the Canadian perspective, concluding that there are significant weaknesses in the regulatory regime. + +While covered short-selling itself has undeniable benefits in providing liquidity and facilitating price discovery, and while the Canadian regulators’ hands-off approach has attracted many people to its capital markets, there are significant weaknesses that threaten to bring the whole house of cards down. + +McMillan also noted that “the number of short campaigns in Canada is utterly disproportionate to the size of our capital markets when compared to the United States, the European Union, and Australia”. + +Taking Wall Street’s side in this battle, Bloomberg notes that Wall Street has survived “numerous other attacks” over the centuries, “but the GameStop uprising could mark the end of an era for the public short”, suggesting that these actors are “long-vilified folks who try to root out corporate wrongdoing”. + +Bloomberg even attempts to victimize Andrew Left’s Citron Research, which—amid all the chaos—has just announced that it has exited the short-selling game after two decades. + +Nothing could be further from the truth. Short sellers, particularly the naked variety, are not helping police the markets and route out bad companies, as Bloomberg suggests. **Naked short sellers are not motivated by moral and ethical reasons, but by profit alone.** They attack good, but weak and vulnerable companies. **They are not the saviors of capital markets, but the destroyers.** Andrew Left may be a “casualty”, but he is not a victim. Nor likely are the hedge funds with whom he has been working. + +In a petition initiated by Change.org, the petitioners urge the SEC and FINRA to investigate Left and Citron Research, noting: “While information Citron Research publishes are carefully selected and distributed in ways that do not break the law at first sight, the SEC and FINRA have overlooked the fact that Left and Citron gains are a result of distributing catalysts in an anticipation of substantial price changes due to public response in either panic, encouragement, or simply a catalyst action wave ride. Their job as a company is to create the most amount of panic shortly after taking a trading position so they and their clients can make the most amount of financial gains at the expense of regular investors.” + +On January 25th, the Capital Markets Modernization Taskforce published its final report for Ontario’s Minister of Finance, noting that while naked short selling has been illegal in the United States since 2008, it remains a legal loophole in Canada. The task force is recommending that the Ministry ban this practice that allows for the short-selling of tradable assets without first borrowing the security. + +The National Coalition Against Naked Short Selling – Failing to Deliver Securities (NCANS), which takes pains to emphasize that is not in any way against short-selling, notes: “Naked short-selling transfers the risk exposure and the hedging expense of the derivatives market makers onto the backs of equity investors, without any corresponding benefit to them. This is fundamentally unfair, and must stop.” + +\### +So my partner (35m) and I (30f) filled out offset account with my savings today effectively paying off our PPOR (obviously we still need to formally discharge the loan) For context, we did have some inheritance (which we would obviously trade to have his parents still alive) but we've both contributed more than 50% of our combined income over the last 6 years and had a housemate for a third of that time. Most of our friends have either insane mortgages or can't even get into the market so celebrating with them feels wrong and boastful. + +Our plans are to discharge the mortgage in the next month or so once we've built up an emergency fund and to just invest in super/VDHG/essentially replicate super outside of super with the dream of retiring a few years early. + +Just wanted to say thanks to this sub for guiding our next steps and being a source of inspiration (and FOMO). +My house is seriously infested with termites and I can't do anything about it because I'm poor. Every single post about termites online will say 'call an exterminator asap or you'll regret it' and yes, that's obviously the right advice, but not when you're like me and hiring an exterminator will cost you three months worth of salary. + +I'm really thankful we're not renting. I live in a 55 year old house with my dad, grandma, uncle and aunt. We help each other out but it's still very difficult to make ends meet. I've given up my dream of getting our house renovated or moving or owning my own house because I know it'll never happen. + +It's easy for people to tell you to look for a new job. I've applied for dozens of jobs and it's always 'you didn't go to college', 'you don't have enough experience', 'you don't have the right equipment', etc. + +I'm jealous of the people I know who get minimum wage, who get to go to college, who have parents who have stable jobs. I'm jealous of people who have a bright future ahead of them. + +I'm thinking of ending things if my life doesn't get better by my thirties. I just want things to stop. Now I'm just staring at my disintegrating, termite infested wall, feeling guilty that my dad has to carefully budget our expenses just so we could have pork for dinner for the first time in months. + +I'm sorry if some of what I said didn't make sense, English isn't my native language. I'm sorry for having to post here as well. It's just that I don't have anyone to talk to. + +Edit: I live in the Philippines + +Edit: Hi everyone! I'm so sorry I wasn't able to respond to some of you. I've been busy with work and things have been a bit hectic at home (its flying moth season in the Philippines) so I wasn't able to go online for a couple of days. I want to thank you guys for offering support and advice. I'll be slowly replying! +[https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/](https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/) + +I think this will stabilize the Ruble, people will prefer a hard currency over fiat, increasing demand for Ruble in addition to the fact that Russia is demanding payment for oil be made in Ruble as well - as predicted. + +People hate a gold standard, I am also a skeptic, but they often forget that Germany reigned it hyper-inflation by temporarily re-pegging their currency to gold if I'm not mistaken. This psychologically creates value to people compared to fiat currency and can act as a temporary stabilizer for countries experiencing hyper-inflation. + +Thoughts? + +I also think this will spark a global great reset, countries will move away from a fiat based US dollar to one backed by gold. The Yuan is set to follow suit. + +We are in for global power reshuffling, and with that comes violent geopolitical conflict, buckle up. +Lookdown is slowly coming to an end FOR GOOD in next month or two so its probably time to think of buying bombed out retailers shares from FTSE and AIM for recovery. These are some picks that might be worth considering? Do you have any Retail Shares that you think are also good? + +\#SHOE ShoeZone: Currently trading at about 58p. Normal pre-covid price £1.50 £2.0 . Millions of kids set to go back to school March 8th onwards. That could be millions of shoes for growing feet. + +\#SCS SCS Group: There is a DIY and home improvement boom going on while people working from home. This company has been overlooked by investors. Gets double whammy of shops re-opening and in the right sector for Spring. + +\#HOTC Hotel Chocolat: Shops reopening and Easter approaching. + +&#x200B; + +Longer term its worth noting that every year for the next ten years boomers will be retiring. Its worth noting that the elderly do spend a lot of their retirement time and money shopping. Many boomers are loaded with cash. The big market for boomer money is HIGH STREET RETAIL. You cant get a cream tea and chat on line - you need to go to M&S or Frasers etc and browse real shops. + +There is going to be a retail boom for a while. I know people think on-line is the future but there are many events happening now that will help shops and hurt online. + +**HOW I SEE FUTURE OF UK RETAILING** + +============================================================= + +Most people will always want the instant hit! Instant gratification. They want the product immediately and they want it without any delivery charges. + +So you need both retail outlets and be able to order online. + +Order online then nip down to Argos Sainsburys and pick it up - totally free of any delivery charges and you get it immediately. With Amazon etc, you often have to pay delivery charges and you have to wait. bricks and mortar mixed with online gives you instant gratification and no delivery charges. + +So companies like £HOTC or £SHOE or £SBS have inbuilt advantage over pure online. Not only that but with new tax regimes coming in, the selling field will become more level. Retail will slowly rise up a bit and online will slowly fall back a bit. + +===================================================================== + +Typical News events coming in driving up retail prices from this point on : + +`Exclusive: 'Universal vaccine' that can conquer all variants could be available within a year thanks to British scientists` + +`Drugs are being developed that target proteins found in the core of the Covid virus - ending the need to keep tweaking existing jabs` + +`By Jennifer Rigby, GLOBAL HEALTH SECURITY CORRESPONDENT13 February 2021 • 12:36pm` + +`.... Daily Telegraph` + +&#x200B; + +&#x200B; +# 0. Preface + +I'm not a financial advisor - and I am not providing you financial advice! This is all my interpretation of what is going on. + +Anyways, I wanted to ask... + +https://preview.redd.it/2dwpksdkv6071.png?width=1009&format=png&auto=webp&s=1c382f5643f751cc18844d2af7a33bac21f504d9 + +I'm hype. Are you pretty hype? I keep coming back because I love you guys, and I love the fact that there has been so much research freely accessible to teach millions of people all the nooks and crannies of the market. I'll just say - once this is all over, I'll miss you apes. Thank you all. ❤️ + +**TL;DR: The market is an overleveraged and rehypothecated bomb. The banks have been fighting a collateral crisis since the end of March due to the government emergency liquidity programs ending and inflation kicking in. The repo market could blow up at any moment from a lack of collateral and short squeeze the US Treasury market itself. The entire market is hanging by a thread and the DTC, ICC, and OCC are prepared for the fallout. The moment GME surges again, they can cascade defaults to members in all clearing corps and end it in one fell swoop.** + +# 1. The DTC, ICC, and OCC + +Let's clear up some confusion! Lots of apes are posting rule numbers with no prefix, so it's going to be a problem understanding one another. Let's forge some wrinkles! 🧠🔨🦍 + +These are all major clearing corps of the market. They all are their own beasts in and of themselves. For simplicity, we'll label them as such: + +**DTC** = stocks + +**ICC** = default swaps + +**OCC** = options + +Each of them operate independently, so they're all filing their own rules that affect them **individually**. Important distinction. The DTC rules don't apply to the ICC, and vice-versa. That is why we see the rule prefixes. These prefixes can help you distinguish between each of the entities. + +* Example 1: SR-DTC-2021-004 is a rule for the DTC +* Example 2: SR-ICC-2021-005 is a rule for the ICC +* Example 3: SR-OCC-2021-004 is a rule for the OCC + +It helps a lot to add the prefix before the rule number since we're now seeing multiple 003/004/005 rules. Less confused ape = happy ape! + +# 2. Almost Everyone Is Ready For Member Defaults + +You've probably heard the term **defaulting member** being thrown around a lot lately. You can think of that as being equivalent to a margin call. The member defaulted on something - making them go negative in net capital - and thus they're in debt. Bye bye! + +The DTC, ICC, and OCC all pretty much share the same members. Market Makers and Banks. Except of course the ICC which only has Banks as members. **You might think that all these rules being passed have nothing to do with GME, but it deals with the market itself blowing up, which in turn effects GME. All three of them passing similar rules is spooky and not a good sign for the market.** + +If a member defaults in the ICC, they most likely default in the DTC and OCC as well. The DTC, ICC, and OCC do **not** want to be left paying up for the defaulting member's debts in the event of a default. They also want to contain the nuke as much as possible so that it doesn't completely obliterate the market. + +**To prepare for the market nuke, the DTC, ICC, and OCC have passed rules/plans to deal with defaulting members.** + +We won't go into super detail here. Just a brief summary of the infinity stones which the DTC, ICC, and OCC have collected: + +* **DTC-004:** Wind-down and auction plan. **In effect.** +* **ICC-005:** Wind-down and auction plan. **In effect**. +* **OCC-004:** Auction plan. Allows third parties to join in (E.g. Blackrock). **In effect**. +* **OCC-003**: Shielding plan. Protects the OCC from paying up too badly by having extra liquidity. **Will be in effect on June 1.** **~~Not in effect, but the OCC deposit of \~$600m that was due the morning of May 19th could have supplemented for this~~**~~.~~ **~~If not, can go into effect any day between now and May 31st.~~** + +Every single one of them now has some form of rule which allows the defaulting members assets to be auctioned off. This allows other members to buy the defaulters assets at a discount while funding the defaulting member's positions. Say someone defaults from GME short positions and has, oh, I don't know, 500 million shares short. The money used to pay for the covering of the GME short position will be funded partially by this auction. + +In the end, this transfers assets to other entities while also pushing the damage to those entities as much as possible - a way to contain the nuke. It's a win-win situation. Other members get securities/assets on the cheap, while the DTC, ICC, and OCC worry less about payout, and the market **might** be able to prop itself up. + +Now the case with the OCC, third-party members can join in on the fun. E.g. Blackrock. There's some theories that Blackrock will delete Citadel from existence and press the MOASS button. I don't think so. I think they've just been waiting this out to gather enough cash to bid on as many assets as possible. They're not going to waste their money on igniting the MOASS, they're going to spend it to feast on the defaulters remains. + +**The key takeaway is that** **all three of them, the DTC, ICC, and OCC are ready to pull the plug.** + +**Any one of the DTC, ICC, or OCC can margin call a member and cause a default.** + +**The moment a member defaults in the DTC, ICC, or OCC, it will cascade to the other clearing corps and cause them to default over there as well. In one fell swoop, all the stocks, options, and swaps of defaulting members are up for auction.** + +# 3. Do We Need The Other Rules? + +You're probably thinking about **DTC-005, NSCC-002/801,** and others. And no, from my understanding GME does NOT need them to squeeze. + +GME doesn't even really need a catalyst. The T+21 and T+35 crossover event is probably enough to push it over the edge (discussed later). The market is literally hanging by a thread right now and a big move in GME can push it into margin call territory, causing the cascading defaults. + +The DTC-005 and NSCC-002/801 rules are to protect the future market. The guys in charge might have finally learned to impose more restrictions, and hopefully they stick to it. + +**DTC-005** will help avoid another stock from becoming over-shorted again. No more naked shorting. No more adding to your short pile with malicious options practices. It prevents another group of absolute retarded hedgefunds from doing this again. The T+21 and T+35 loop will cause the price floor to increase regardless of this rule and eventually cause margin calls. Remember, liquidity bomb is a growing issue, so the margin call price is most likely dropping as well. + +**NSCC-002/801** will speed up margin calls for extreme volatile movements like we saw in the January and March squeezes. They will make sure that if someone enters margin call city territory, they'll issue it with a one-hour timeframe. Pay up within **one hour** or you're toast. This ensures that volatility will kill off shorters who get caught with their pants down. + +Those rules help the future market avoid this bullshit again. They are not necessary for the MOASS. + +The ICC itself has introduced a wild rule **ICC-008,** which is in effect, that performs hypothetical margin calculations based on market movements. So again, the ICC could trigger a margin call to its bank members based on their new margin model rather than the DTC. Boom, the defaulting bank cascades through the banks members and eventually to GME. + +After all is said and done, the DTC will ensure that these rules are in place so that nobody can cause a GameStop situation again. + +**The most important rules are the wind-down and auction plans. They cover the DTC, ICC, and OCC's asses and try to protect the market as much as possible. These wind-down and auction plans are the OK** 👍 **to initiate launch when the time is right.** + +# 4. Shit Is Close To Hitting The Fan + +The whole market is an overleveraged bomb. GME isn't the only problem here. + +I'm sure you guys remember Archegos. Those guys abused what, 5x leverage? And you all saw what effect they had on the market. + +Imagine how bad leverage must have been abused by all the large firms which are STILL standing today. Imagine what will happen if a very large firm with equivalent or larger margin goes bust. How about a handful of them going bust? Bad, bad things, my fellow ape. Bad things. + +I'm sure you guys have seen this posted a million times today. This screams liquidity crisis in the banks because they've been really fucking stupid for the past couple of years, even more so since 2020 by allowing firms to abuse the pandemic. + +https://preview.redd.it/9crnr1z707071.png?width=637&format=png&auto=webp&s=34c47d7b115f699d9d29c481e0e31e7c27be0700 + +When did these reverse repos start showing up? + +**January 29th**. + +**February 25th**. + +**March 11th.** + +Woah what? Liquidity problems around the dates GME surged? It's not necessarily connected but hey, nice coincidence - right? 😉 + +The reverse repos started coming at ever-increasing frequency towards the end of March. Hmmm. Wonder why? [Could it be that the fed ended their liquidity programs](https://www.reuters.com/article/us-usa-fed-facilities/fed-says-extending-four-emergency-liquidity-programs-to-march-31-2021-idUSKBN28A1YG)? + +https://preview.redd.it/ryip19nz07071.png?width=848&format=png&auto=webp&s=a4b56e2f18aab8af2073247c017a8845cc9fc4e8 + +Yup. Those programs dried up on March 31, 2021. This suddenly put much more liabilities on the Banks balance sheets, where they need to obtain assets to counteract their liabilities. + +Ever since then, banks have been STRUGGLING with their balance sheets, and the potential of a short squeeze on the US Treasury Bond Market (See "[Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)" by /u/atobitt): + +1. Banks have a "balance sheet" of assets and liabilities. Liabilities? Could be cash they owe to people/entities. Assets? Some form of collateral, such as treasury bonds +2. Banks have ever-increasing liabilities every day due to over-leveraged borrowers. +3. In order to not default, banks need to maintain balance on their sheets by obtaining assets/collateral. +4. Banks will go to Fed and to get their collateral in order to avoid defaulting (Reverse Repo). +5. When the banks borrow collateral they might even 'short' sell those borrowed bonds into the treasury market, hoping to flip a profit **due to inflation**. +6. Repeat #2 -> #5 and you get your ever increasing reverse repo amount. +7. Not only this, the Fed is sucking out $80Billion in treasuries (collateral) each month. Reducing the supply in the market. +8. As the reverse repo amount continues to increase, demand continues to go up for collateral. +9. As the fed continues to suck out collateral, the supply of collateral drops. +10. Eventually you hit a critical point where the supply is too low, and the treasury value shoots up. Banks who are short might now be forced to buy back up the treasuries on the market and cause a short squeeze in the US Treasury Market itself. +11. Banks default. Members default. Everything collapses except some Banks/HFs/Financial Institutions which weren't completely stupid. + +At any moment, the collateral bomb can pop and drag the whole system down. Definitely recommend [George Gammon's Summary](https://www.youtube.com/watch?v=fttA-rNRYG4). + +# 5. The T+35 and T+21 Crossover Event of Meme Stocks + +I've posted a theory about us getting close to another February 24th repeat where massive amounts of volume and buy pressure could surge GME. You can find the post here: + +[FTD Loop Missing Link T+35 and T+21](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/) + +The actual **why** to the mechanics behind these loops might not actually be FTDs. But instead Net Capital, which operates on a similar timeframe. T+7, T+14, T+21, T+28. They're forced to buy up shares, causing buy pressure, in order to return neutral and deliver. You can find that post here: + +[Net Capital Bomb](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) + +In quick summary of T+35 and T+21, we seem to be in **multiple** price spike loops. And a new one is about to pop up. Where did these originate from? So far, it looks like three main dates: + +* **January 15th:** Major option date. One of the only 2021 option dates available in early 2020. Shorters must have piled in here. +* ~~February 5th~~\*\*~~:~~\*\* ~~The date Robinhood and other brokers fully lifted restrictions. Most likely reset the clock from another options date or some other factor. \[Trying to pin this down\]~~ Edit: I think we can ignore this. The only option expirations that matter are Jan 15 and April 16 due to them being two of the major option dates that were available in 2020. +* **April 16th**: Major option date. One of the only 2021 option dates available in early 2020. Once again, shorters must have piled in here. I'm pretty sure Melvin's PUTs expired on this date, FYI. 😉 + +Each date coincides with the following loop: + +1. Option Expire date. T+35 days later a price spike occurs. (January 15 -> February 24th) +2. An endless cycle of price spikes T+21 days later starts. (February 24th -> March 25th -> April 26th -> May 25th) + +The first T+35 spike is more significant than the T+21 spikes. Check it out. **I've also plotted the hypothetical next price spikes which occur on May 24 (T+35) and May 25 (T+21)**. + +**Please note: T+35 is CALENDAR days. T+21 is BUSINESS days. Take a look at the above DD for the walkthrough of this timing.** + +[GME T+35 and T+21 Loop](https://preview.redd.it/nmg3oj2nn7071.png?width=1436&format=png&auto=webp&s=589a978f5c90d3ff1ad5d71e7ea40d92e89eeae5) + +Guess what? This happens in AMC too. You can apply this to KOSS as well, and find the same exact patterns. Anyone want to have fun and check more meme stocks? Be my guest! + +[AMC T+35 and T+21 Loop](https://preview.redd.it/ukts9ax547071.png?width=1432&format=png&auto=webp&s=8bbb4512b90d99eec4530ca76dc5198779a4b050) + +See that shit? We're lining up for not just a T+35 spike, but a T+21 spike **one day after another next week**. This is going to effect **all** meme stocks if the cycle continues and April 16th actually triggers another loop. + +The timing of all of the wind-down and auction plans being in effect along with the increasing collateral issue of the banks with reverse repos means there's a massive collateral bomb being juggled, which could blow up with another volatile movement in GME or the market itself. When that happens, anyone could default. And what happens when a member defaults in DTC, ICC, or OCC? It cascades to the other two clearing corps. The margin calls start blasting out to all of the way overleveraged firms who get screwed by this volatility, and down goes the house of cards. + +**Call me a tinfoil hat wearer, but it sure as hell feels like the SEC, DTC, ICC, OCC, everyone high up, planned this all out. The flash crashes, everything, in order to get their nuke fallout plans in place.** **They probably always knew the timer was going to tick, tick, tick, run out, and boom the week of May 24th due to April 16th options expiration.** + +**So the SEC, DTC, ICC, OCC, all the higher-ups shut things down in January. They shut things down on March 10th. They crash the price on March 15th to avoid a pre-emptive margin-call. They pull many strings to buy time, pump all their wind-down plans in place at the last minute, wait for the next surge of GME, and then...** + +https://preview.redd.it/62pndywok7071.png?width=702&format=png&auto=webp&s=298ffb0386b18492962652f7a748a725bec01bb2 +Despite the rally, cases have not peaked, Japan is getting worse, countries around the world are in lockdown and the worst hasn’t even come to many major economies yet, and it will eventually. + +This stimulus package is temporary and will result in more layoffs and Trump will have to lock large parts of the country after a few weeks. + +Cases will peak in April and that is when I expect the bottoming out. + +A slow fluctuating recovery will happen till June before a continuous rally till October when the cases start rising again. + +Another smaller but significant dip until a vaccine is found, which is likely to be in March next year. + +Remember that in 2008, when the decline was happening a massive rally happened, reversing fears, before it all went downhill much faster. + +We are at that page, markets show encouragement but that is to keep people’s morals up. + +We ain’t seen the worst yet. + +Goldman Sachs report is valid from a few weeks ago. I don’t believe the recent predictions of an improving market. + +Thoughts? +I’m 19 and live with my parents and they want me to plan out Their retirement. I’m currently using td Ameritrade but I think vanguard is more appropriate for their needs. I could really use some advice here on what to invest in I’m thinking etfs and stocks with at least 3.5% yield thank you for any help. +My wife and I both work full time with 2 kids in our mid twenties. I make $74,000 a year + $5,000 bonus as a marketing consultant. I also have a 9% 401k match. My wife makes $42,500 + $8,300 bonus as an elementary teacher (she can also earn another $5,000 a year for teaching summer school). I also have a side hustle I’ve done for a few years that generates another $10,000 a year. In all, we will make a little over $140,000 this year once we get our yearly raises. + +I feel like we both could be paid more. For my wife it would take a career switch, for me it would just take some work applying. We live in a LCOL part of the country and our biggest expense is daycare at $1,130 a month, even with owning a 1300 sq foot house. In a non bonus month, we take home a little over $9,000 and of that no more than $4,000 of that goes to expenses. On average we put $1,053.11 per my paycheck into my 401k (including match, 26 checks a year), $1,000 into Roth IRAs (maxed both since 2018) and at least $2,000 into taxable accounts. Our oldest stops daycare in May, so our free cash flow will increase by $550 then as well. + +I feel like any job one of us got would only increase our savings, not our life style, and we already save over half of our income. Should We strive to leave comfortable jobs for a higher salary if we are doing well financially? +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. +My question is if this property is in my name but I am not the one collecting rental income will I incur a tax liability on that income? Does anybody see any obvious flaw in his plans? +Hello friends ! I have been on the dividend journey for a few years now and now that I hit my goal of $50k invested I'd like to share my experience and emphasize the importance of patience, dollar cost averaging and getting that snowball rolling. + +First of all the portfolio: + +https://m1.finance/c37HY160LBky + +This is not a portfolio strictly for dividends, but is one geared toward mixed growth as well with exposure to the total market as a core and then ETF's and individual stocks for where I want overlap and focus. I make about $1800 a year of this portfolio at the moment plus an additional $370 a year from staking crypto (Cosmos Atom staking at 9% apr via Exodus wallet) + +This is a portfolio I actively manage, sometimes adding and removing holdings as performance of the underlying assets change. This is why I have a core exposure to VTI and VXUS. Thats my foundation that never changes and everything beyond that is free game. + +The first point I want to emphasize is that regardless of the route you choose when investing your portfolio is simply a vehicle to get you from point A to point B. Dividend investing is the Toyota Camry of investing. Not quick or flashy but you can hold it forever and it will serve you well. Dont get discouraged because you're getting passed by people driving a Corvette going all in on growth stocks. As we have witnessed from the recent pullback from growth stocks last month, there are alot of those corvettes that spun out and are now sitting on the side of the highway while we putter by. It is however not a bad idea to mix some growth in there as thats alot of how I blitzed my way to $50k. Start with some growth oriented stuff up front while building your long term holdings then convert that capital into dividend payers. Just be wary of capital gains tax. + +It also takes time for compounding to start becoming a noticeable driving factor in your portfolios growth and for a long time you are going to be doing the heavy lifting yourself. Eventually though your dividends will grow to the point where you get your snowball rolling and you will have to do less and less work to make it grow. + +So at my current rate of investment @ $400 a month with a conservative estimate of 5% dividend growth rate and 5% appreciation of the underlying asset you can see the power of compounding in the table below going forward over the next 10 years. + +https://imgur.com/zrPPSTp + +I have however chosen the stocks in my portfolio because they have a strong history of good balance sheets, strong fundamentals and a history of solid dividend increases and the average combined dividend growth rate for the past 5 years has been closer to 16% + +This is why its important to chase the company and not the yield. This is why I have not touched companies like AT&T, Ford, IBM or Altria. + +I like to check the companies [cash dividend payout ratio] (https://www.fool.com/knowledge-center/what-is-the-cash-dividend-payout-ratio.aspx) the percentage of its free cash flow (FCF) paid out as dividends. If it's over 100%, then its dividend could be unsustainable. Second, I check if its yield is higher than the 10-year Treasury's yield, which is currently 1.6%. If it pays a lower yield, the stock's value is more exposed to rising bond yields. + +Last but not least, I consider the long-term performance of the company's stock, specifically looking to answer one question: Have declines in share price more than offset any dividend gains? If that has been the pattern, the stock is liable to be a poor income investment. + +For example we can use [portfolio visualizer](https://www.portfoliovisualizer.com/backtest-portfolio) to backtest what would have happened if we invested $10k each in AT&T and Costco in 1987. + +As we can see from the [results](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&reinvestDividends=true&showYield=true&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=T&allocation1_1=100&symbol2=COST&allocation2_2=100) our portfolio with costco would be worth $573k today vs the $73k with AT&T + +In a very broad sense this is a good way to evaluate large well established dividend payers. I fully admit there are stocks in my portfolio which I hold contrary to this advice such as AY which has a very high cash to dividend payout ratio and it is a bit more speculative but given I have a long timeline and the company itself is secure with long term cash generating contracts, I feel confident that it can grow into its dividend. + +Another factor you should look at when making a diversified portfolio is that you want to minimize overlap if you have alot of ETF's or at the very least be aware of the overlap you do have. + +You can use [this ETF tool](https://www.etfrc.com/funds/overlap.php) to see any overlap you may expose yourself too when selecting ETF's. + +[Trackyourdividends.com](https://trackyourdividends.com/) is also a great tool for keeping track of payout dates or getting visual data for your portfolio. + +At the end of the day I am still very much in the learning phase and what I have put together works for me. Despite the markets turbulence over the course of covid im still up $12k from my cost basis and have a solid foundation with which to learn and grow. + +I hope the best for all of you and im happy to answer questions or even take criticism :) +Ok so there aren’t many people in my life that I can brag to about this because covid has financially affected many of my friends/family that aren’t able to work from home. + +I joined reddit about a year ago and have learned so much about finances in the subreddits I joined! So I know buying a new car is usually the dumbest move financially due to depreciation and upfront/monthly costs, but this had been my dream since high school! + +For some context, I’m 23 (F) living in Ontario Canada with no student debt or any other accumulated debt. I purchased the vehicle with a $3700 downpayment and financed about $26,000 at 0.55%. I moved back home with my parents after uni went online last Spring and besides my phone and entertainment, auto expenses have been my focus for the last 11 months. I was able to wfh after starting full time last May and manage my money in order to save while paying off my car (meeting and exceeding my biweekly payments). Due to the nature of my job, I had a few lump sum payouts, bonuses and then my tax refund which have sped up the process. Not to mention how stingy I’ve been when it comes to buying things for myself (clothes, shoes, makeup, etc). + +It was all worth it! Proud to be driving a 2020 vehicle around in 2021 knowing that I own every last bolt of it! I’ll be driving this thing until it falls apart. Mark my words. + +Next up…. Saving for a downpayment on a house! Any tips? +We’re not “retards”. We’re not “apes”. Just because somebody is new to Reddit, doesn’t make them uninformed. Just because somebody is new to Reddit, doesn’t mean they’re a teenager or have no holdings. Just because somebody isn’t positing their BTC holdings, doesn’t mean they don’t know what they’re talking about. + +If you’re not a bitcoin maximalist then that’s ok, you’re still welcome here but remember what sub you’re on. A sub that preaches anonymity and not telling people things such as how much coin you own. You never know who the person you’re speaking to is and what stake they have or the knowledge and experience they may hold. + +So with that said, if you’re new here, let’s try to stay true to what r/bitcoin was made for - to discuss bitcoin. If you need visual confirmation of people’s holdings and want to talk shit, wallstreetbets is only a click away. This isn’t the place though +First of all... \*clap clap clap\* if you've made it this far. To all the older investers who their wives got angery for them loosing all their money, and the younger ones whos moms got mad at the for "throwing money away" I just wanna congratulate you. You held on, you stuck with it. And now, we're going back up baby. + +Obviously no road trip runs without bumps, sometimes you even get a flat tire. But you generally get where you're going. And today my fellow retards, we're going to the moon. It's just the beginning, and I'm not a financial advisor, but gosh, you're not really looking for financial advisors on wallstreetbets are you? + +So please, regardless of the outcome in the next few days, smile now. Because now, we can be happy, for the first time in a while, some of us are seeing that pretty color of green. SO WHO IS HOLDING??? I love this game some call gambling, and maybe I have an addiction, but even if my ape hands are tiny, I shall hold as many dimonds as the opportunity presents. + +&#x200B; + +My goodness I'm honnored of all the upvotes and awards, thank you so much! +Dear all, + +I am not sure that my post fits into this sub. If not, please let me know, which sub fits better. + +I (44, NW 15 Mio EUR, Annual income 300 K EUR, SVP, Germany) have now used Covid to optimize work life balance. I negotiated that I will work from home forever. Ok, I could fire now, but my colleagues are fun. + +Consequently, I have gained total freedom, as nobody can see how much I work, only results count. Luckily, I have to put in less hours than my colleagues to get the same result. I work 30 hours per week now to spent the rest of my time with my 2 yo son and my wife. + +For political reasons however, I need to maintain the image of the hard working corporate soldier. Our corporate culture is a bit outdated. + +I do that by sending pre written emails quite late and quite early, intentionally. Do you have any other advice how to convince the world that I put in many many hours? + +Input would be appreciated. + +Thank you very much. + +&#x200B; + +&#x200B; + +Edit: Wow, I did not expect tso many reactions. Thanks for the award and all the positive thoughts. + +Below a selection of my favorites: + + + +\*Scheduled emails and „telephone calls“,meetings at the :15 and :45 time periods at slightly (though not crazy) off hours + +\*Appear busy -- have a booked calendar always and don't be immediately available to meet + +\*Be stoic or unhappy most of the time; The correct answers to "how are you doing?" are "busy" or "very busy" + +\*Reach out to lots of different people in your organization for simple, small projects. Easy wins that get your name out there. + +\*Always take your vacation during busy times. When the rest of the company is on vacation you're "working hard” on "some project" (nothing) + +\*Be responsive but not too responsive + +\*Buy a mouse jiggler + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +Hello, I woke up this morning to two separate charges that add up to $490 to my checking account. It was to, let's call it Gym A. I'm not a member there, had to look it up to even locate it. It's in my town. + +I call bank first thing to dispute the charge and freeze account for fraudulent activity. Since it is a bank draft I need to go to the branch to shut down that account to prevent future withdrawals. + +I got suspicious and tried calling my gym that I still pay a monthly 11 dollars membership to see if they are affiliated with Gym A. Turns out they went out of business (like I said, I hadn't been there in awhile). I called another branch of my gym and asked if they were affiliated with Gym A. The guy tells me that the other branch sent their members to Gym A after they went out of business. However the charge this morning was roughly 5x what I was paying in a year! + +My question is, should I go to Gym A to try to resolve this or just let the bank make me a new checking account. A complicating factor is I get paid on Friday via direct deposit and this may be too close to change accounts without disrupting my cash flow. I feel like Gym A acted in a fraudulent manner and that my gym had no right to sell my account, especially my bank account to another gym. + +Advice please? + +Edit: If people haven't seen my reply below, here's the gist. I called the Gym that sent the charges. Talked to the manager, he looked up my info was very apologetic. Their system charged me for the last 9 months plus 25 bucks a month late fees. Whether this is true or BS, I don't know. However he said he put in a refund today which should process tomorrow morning. I cancelled my Stop on the original amount which apparently holds up the refund process. Tomorrow morning I should wake up to a refund. I'll update tomorrow. +I'll keep this short and to the point, because I think this needs to be seen by more adults with wrinkly brains. + +For anyone who missed my previous post about the [Missing Puts from 1/27, here's a link](https://www.reddit.com/r/Superstonk/comments/q0vggs/the_more_you_learn_about_january_27th_the_more/)! + +Today's battle appeared to be for the $180 strike price. Max pain again. As of this afternoon, the open interest for Puts expected to expire out of the money was 66,139. By close, the open interest for puts $182.50 and under was 59,763. A decent kick in the dick. + +But if we dig a little deeper into the data, we can see some stunning revelations about what today might truly represent... + +I'm just going to present some Yahoo Finance data for today's deep out-of-the-money Puts. + +&#x200B; + +# $1.00 Strike + +[18,460 Puts purchased on 3\/10](https://preview.redd.it/knhpg93psnt71.png?width=1241&format=png&auto=webp&s=a0d4888ab2ab0cbbd86bf0bee66162d6955a44c5) + +Remember the fuckery that took place on 3/10? GME went from $348 to $172 in a matter of minutes. Articles were published predicting the "flash crash" before it even happened. Multiple trading halts in order to place these options orders. True fuckery... **18,460 $1.00 puts** for **10/15** were purchased during all that bullshit. Yet, the open interest about to expire is listed at only 5,450. + +Where did all these missing puts go? + +[Link to $1.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00001000/chart?p=GME211015P00001000#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--) + +Using u/Yelyah2's awesome options data, we can see the volume for 3/10 was 388,797 Puts, including 350,579 out-of-the-money. + +https://preview.redd.it/ead0z2jyvot71.png?width=1579&format=png&auto=webp&s=a9988aa92e4890de086a1dd9df5b71caf49111f9 + +# $5.00 Strike + +[24,040 Puts purchased on 8\/19](https://preview.redd.it/t7m376hptnt71.png?width=1234&format=png&auto=webp&s=5c3a64545f54e16355b1df61ea8e1e554d1381e1) + +I think we actually saw this in real-time. This was just before the big jump on **8/24**, almost like they knew it was about to go up. Almost like they were trying to limit the amount of synthetic shares that they had to "purchase". **24,040 $5.00 Puts** for **10/15** were purchased on 8/19. Yet, the open interest for $5.00 puts about to expire is listed at **3,600**. + +Where did all these missing puts go? + +[Link to $5.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00005000/chart?p=GME211015P00005000#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--) + +&#x200B; + +# $6.00 Strike + +[94,640 puts purchased on 4\/5!](https://preview.redd.it/kp68kxn4unt71.png?width=1248&format=png&auto=webp&s=b35ef8d9d5383d87aa7403a13c67e4a49210656c) + +I don't think we caught this one in real-time. Why would they purchase 94,640 puts in one day? The open interest about to expire is listed at 4,070. + +[Link to $6.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00006000/chart?p=GME211015P00006000#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) + +Using u/Yelyah2's awesome options data, we can see the volume for 4/5 was 167,459 Puts, including 155,909 out-of-the-money. + +Where did all these missing puts go? + +https://preview.redd.it/zr8ijgvh3ot71.png?width=1579&format=png&auto=webp&s=b07e26a222566444427ee2669943ff33fb6f7a43 + +# $10.00 Strike + +[31,340 Puts purchased on 4\/27](https://preview.redd.it/yganiwj3vnt71.png?width=1252&format=png&auto=webp&s=d96ed5e8719785e5460ab688d48ce1add790ba66) + +The open interest about to expire is listed at 4,050. + +Where did all these missing puts go? + +[Link to $10.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00010000/chart?p=GME211015P00010000#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-) + +# $12.50 Strike + +This one requires a little extra emphasis... Remember the T+35 cycle that didn't happen on 6/24? We thought for sure we had figured it out. Remember how Yahoo Finance kept filtering options data at or before 6/23? I think I found out why. + +[469,240 Puts purchased on 6\/24!!!](https://preview.redd.it/m61aac1zxnt71.png?width=1257&format=png&auto=webp&s=5039efb4a22c54c1b7cdbe272af617653b00f499) + +469,240 is an insane number of puts, overshadowed only by those 17+ million purchased on 1/27. That's equivalent to 46,924,000 shares! Yet the open interest about to expire is listed at **1,950**. + +Where did all these missing puts go? + +[Link to $12.50 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00012500/chart?p=GME211015P00012500#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) + +# $15.00 Strike + +[103,010 Puts purchased on 6\/29!](https://preview.redd.it/tyl3umkxynt71.png?width=1249&format=png&auto=webp&s=269441a6915fb1b41bd2f023ca040a6641689da8) + +If it wasn't for the insane $12.50 Puts, this would be huge. The **103,010** puts is equivalent to 10,301,000 shares. Yet the open interest about to expire is listed at **1,370**. + +Where did all these missing puts go? + +[Link to $15.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00015000/chart?p=GME211015P00015000#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) + +# $17.50 Strike + +Hold onto your panties for this one... + +[853,140 Puts purchased on 6\/24!](https://preview.redd.it/ctnbruymznt71.png?width=1252&format=png&auto=webp&s=ace380891b506224429f8d6843d6257364250613) + +A new high score! The **853,140** puts purchased on 6/24 is equivalent to 85,314,000 shares! Yet, the open interest expiring today is listed at **1,170**... + +Where did all these missing puts go? + +[Link to $17.50 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00017500/chart?p=GME211015P00017500#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) + +# $20.00 Strike + +[Another 15,650 puts purchased on 6\/23](https://preview.redd.it/h5i3qkx51ot71.png?width=1247&format=png&auto=webp&s=6e0f864b4e673d935480b298171d4e369eb4b6fa) + +Yet, the open interest listed as expiring today is only 3,670. + +Where did all these missing puts go? + +[Link to $20.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00020000/chart?p=GME211015P00020000#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) + +&#x200B; + +# $22.50 Strike + +[Another 26,120 Puts purchased on 6\/24](https://preview.redd.it/uq8m6nlo1ot71.png?width=1244&format=png&auto=webp&s=aebe9ceb775f1ad2b868ec49e4bf0f0516378a11) + +Yet, the open interest listed as expiring today is only 321. + +Where did all these missing puts go? + +[Link to $22.50 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00022500/chart?p=GME211015P00022500#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJ0aW1lVW5pdCI6bnVsbCwiY2FuZGxlV2lkdGgiOjM5LjEzNzkzMTAzNDQ4Mjc2LCJmbGlwcGVkIjpmYWxzZSwidm9sdW1lVW5kZXJsYXkiOnRydWUsImFkaiI6dHJ1ZSwiY3Jvc3NoYWlyIjp0cnVlLCJjaGFydFR5cGUiOiJsaW5lIiwiZXh0ZW5kZWQiOmZhbHNlLCJtYXJrZXRTZXNzaW9ucyI6e30sImFnZ3JlZ2F0aW9uVHlwZSI6Im9obGMiLCJjaGFydFNjYWxlIjoibGluZWFyIiwicGFuZWxzIjp7ImNoYXJ0Ijp7InBlcmNlbnQiOjEsImRpc3BsYXkiOiJHTUUyMTEwMTVQMDAwMjI1MDAiLCJjaGFydE5hbWUiOiJjaGFydCIsImluZGV4IjowLCJ5QXhpcyI6eyJuYW1lIjoiY2hhcnQiLCJwb3NpdGlvbiI6bnVsbH0sInlheGlzTEhTIjpbXSwieWF4aXNSSFMiOlsiY2hhcnQiLCLigIx2b2wgdW5kcuKAjCJdfX0sInNldFNwYW4iOm51bGwsImxpbmVXaWR0aCI6Miwic3RyaXBlZEJhY2tncm91bmQiOnRydWUsImV2ZW50cyI6dHJ1ZSwiY29sb3IiOiIjMDA4MWYyIiwic3RyaXBlZEJhY2tncm91ZCI6dHJ1ZSwicmFuZ2UiOm51bGwsImV2ZW50TWFwIjp7ImNvcnBvcmF0ZSI6eyJkaXZzIjp0cnVlLCJzcGxpdHMiOnRydWV9LCJzaWdEZXYiOnt9fSwic3ltYm9scyI6W3sic3ltYm9sIjoiR01FMjExMDE1UDAwMDIyNTAwIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IkdNRTIxMTAxNVAwMDAyMjUwMCJ9LCJwZXJpb2RpY2l0eSI6MSwiaW50ZXJ2YWwiOiJkYXkiLCJ0aW1lVW5pdCI6bnVsbCwic2V0U3BhbiI6bnVsbH1dLCJzdHVkaWVzIjp7IuKAjHZvbCB1bmRy4oCMIjp7InR5cGUiOiJ2b2wgdW5kciIsImlucHV0cyI6eyJpZCI6IuKAjHZvbCB1bmRy4oCMIiwiZGlzcGxheSI6IuKAjHZvbCB1bmRy4oCMIn0sIm91dHB1dHMiOnsiVXAgVm9sdW1lIjoiIzAwYjA2MSIsIkRvd24gVm9sdW1lIjoiI2ZmMzMzYSJ9LCJwYW5lbCI6ImNoYXJ0IiwicGFyYW1ldGVycyI6eyJ3aWR0aEZhY3RvciI6MC40NSwiY2hhcnROYW1lIjoiY2hhcnQiLCJwYW5lbE5hbWUiOiJjaGFydCJ9fX19) + +&#x200B; + +By now, you're probably tired or reading the same sentences over and over. I would be too... However, I would be short-changing you if I didn't finish out the options chain. + +I'll include a couple more for completion sake... + +# $25.00 Strike + +[Another 455,930 Puts purchased on 6\/23!](https://preview.redd.it/7qx3z1tb2ot71.png?width=1239&format=png&auto=webp&s=18770e81afabdca3b2af8aedc09af2fe3a733778) + +See... Aren't you glad we didn't skimp out? These 455,930 puts purchased on 6/23 are equivalent to 45,593,000 shares! Yet, the open interest listed as expiring today is 1,420. + +Where did all these missing puts go? + +[Link to $25.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00025000/chart?p=GME211015P00025000#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJ0aW1lVW5pdCI6bnVsbCwiY2FuZGxlV2lkdGgiOjkzLjc1LCJmbGlwcGVkIjpmYWxzZSwidm9sdW1lVW5kZXJsYXkiOnRydWUsImFkaiI6dHJ1ZSwiY3Jvc3NoYWlyIjp0cnVlLCJjaGFydFR5cGUiOiJsaW5lIiwiZXh0ZW5kZWQiOmZhbHNlLCJtYXJrZXRTZXNzaW9ucyI6e30sImFnZ3JlZ2F0aW9uVHlwZSI6Im9obGMiLCJjaGFydFNjYWxlIjoibGluZWFyIiwicGFuZWxzIjp7ImNoYXJ0Ijp7InBlcmNlbnQiOjEsImRpc3BsYXkiOiJHTUUyMTEwMTVQMDAwMjUwMDAiLCJjaGFydE5hbWUiOiJjaGFydCIsImluZGV4IjowLCJ5QXhpcyI6eyJuYW1lIjoiY2hhcnQiLCJwb3NpdGlvbiI6bnVsbH0sInlheGlzTEhTIjpbXSwieWF4aXNSSFMiOlsiY2hhcnQiLCLigIx2b2wgdW5kcuKAjCJdfX0sInNldFNwYW4iOm51bGwsImxpbmVXaWR0aCI6Miwic3RyaXBlZEJhY2tncm91bmQiOnRydWUsImV2ZW50cyI6dHJ1ZSwiY29sb3IiOiIjMDA4MWYyIiwic3RyaXBlZEJhY2tncm91ZCI6dHJ1ZSwicmFuZ2UiOm51bGwsImV2ZW50TWFwIjp7ImNvcnBvcmF0ZSI6eyJkaXZzIjp0cnVlLCJzcGxpdHMiOnRydWV9LCJzaWdEZXYiOnt9fSwic3ltYm9scyI6W3sic3ltYm9sIjoiR01FMjExMDE1UDAwMDI1MDAwIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IkdNRTIxMTAxNVAwMDAyNTAwMCIsInF1b3RlVHlwZSI6Ik9QVElPTiIsImV4Y2hhbmdlVGltZVpvbmUiOiJBbWVyaWNhL05ld19Zb3JrIn0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6ImRheSIsInRpbWVVbml0IjpudWxsLCJzZXRTcGFuIjpudWxsfV0sInN0dWRpZXMiOnsi4oCMdm9sIHVuZHLigIwiOnsidHlwZSI6InZvbCB1bmRyIiwiaW5wdXRzIjp7ImlkIjoi4oCMdm9sIHVuZHLigIwiLCJkaXNwbGF5Ijoi4oCMdm9sIHVuZHLigIwifSwib3V0cHV0cyI6eyJVcCBWb2x1bWUiOiIjMDBiMDYxIiwiRG93biBWb2x1bWUiOiIjZmYzMzNhIn0sInBhbmVsIjoiY2hhcnQiLCJwYXJhbWV0ZXJzIjp7IndpZHRoRmFjdG9yIjowLjQ1LCJjaGFydE5hbWUiOiJjaGFydCIsInBhbmVsTmFtZSI6ImNoYXJ0In19fX0-) + +&#x200B; + +# $30.00 Strike + +[Another 24,830 Puts purchased on 6\/23!](https://preview.redd.it/vcdprw1k4ot71.png?width=1235&format=png&auto=webp&s=ff74b154336a99dc8736dc0068cb102bab740477) + +More 6/23 - 6/24 fuckery! Another 24,830 Puts purchased on 6/23. The open interest listed as expiring today is 2,810. + +Where did all these missing puts go? + +[Link to $30.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00030000/chart?p=GME211015P00030000#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) + +&#x200B; + +That's probably enough shitty Yahoo Finance images for one post. + +Let's do some math to estimate the possible damages incurred today by Kenny and Co. + +Adding up the Puts purchased on **6/23**, **6/24**, and **6/29** that expired deep out of the money today, **10/15**: + +&#x200B; + +[1,947,920 Puts were purchased 6\/23, 6\/24, and 6\/29 that expired deep out of the money on 10\/15!](https://preview.redd.it/vqm0il6mept71.png?width=936&format=png&auto=webp&s=89abcb603d938e0352ea24a25f9e514a9b43e20b) + +&#x200B; + +**One million, nine hundred forty seven thousand, nine hundred twenty puts** across 7 deep out of the money strike prices were purchased on just 3 days in late June to kick the can a little longer and prevent us from seeing their T+35 cycle... + +That's equivalent to over **194,792,000 shares**. Almost **4x** the Float. + +The Open Interest for these Puts is only 12,711. + +Where did all these missing puts go? + +&#x200B; + +As u/Criand posted on **7/19** [OTM Puts Passed the Puck](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/), we were all expecting big things on 6/24. + +&#x200B; + +[ June 24th was a tiny fart for the hype train, but maybe we weren't wrong all along](https://preview.redd.it/62vb1e37ept71.png?width=759&format=png&auto=webp&s=6a2aa0572f1b0e4f32fe284e232ffc4b49984751) + +&#x200B; + +What if that tiny fart was really: + +https://preview.redd.it/sh0m39o0iot71.png?width=586&format=png&auto=webp&s=ba56b2e0e5930c2456a604f2811c97d5a3e28d97 + +What does it mean that all of these deep out of the money Puts expired today? + +What happens T+35 (by **11/24**), when this synthetic short position comes due? + +What if we lock up the float via DRS before then? + +What if we get the announcement we've all been waiting for? + +I can't wait to find out... + +&#x200B; + +&#x200B; + +# TLDR: Buy, HODL, DRS, Buckle Up, and keep an eye on the options chain for further fuckery! + +&#x200B; + +Edit 1: If you like missing puts, [here's another link](https://www.reddit.com/r/Superstonk/comments/q0vggs/the_more_you_learn_about_january_27th_the_more/) to my post about 1/27. + +[https://www.reddit.com/r/Superstonk/comments/q0vggs/the\_more\_you\_learn\_about\_january\_27th\_the\_more/](https://www.reddit.com/r/Superstonk/comments/q0vggs/the_more_you_learn_about_january_27th_the_more/) +I’m 21 in the US military and currently am putting away around 3k every month in my savings, On top of having 8% of my pay going towards my Roth TSP with a 5% match. This leaves me with about 120 dollars for me to use a week on groceries and gas. I have 17k in my savings after paying off 7k in debt and getting rid of a financed car and I bought a 3k beater so I don’t have payments. My bills are utilities, rent, insurance and phone/wifi. This brings me to my question of spending money for myself to have fun. I’m constantly invited to go to bars or other countries/big cities but I decline because I don’t want to have to help pay for air bnb/train tickets/food/alcohol. But at the same time a small part of me wants to go out and live, but the majority of my brain is telling me to save the money so I can use it when I get out in about 2 years so I can have a big savings account. I’m not too confident on what I want to do when I get out yet but I know I want out it’s not a life for me I’m the military. I want to keep my savings liquid because I plan on buying a 10-12k used car in full when I get back to the states and then use some savings when I use my gi bill and dont have class because you don’t get bah and stuff when class is not in session. Does this sound reasonable? Or am I wasting my youth? This has been an ongoing dilemma in my head for quite some time. +So it's common knowledge that the US printed more than [$3T dollars](https://www.livemint.com/industry/banking/lessons-from-the-fed-s-3-trillion-money-printing-11592322603528.html) to fuel the pandemic recovery. Love it or hate it, it directly contributed to the swift recovery of the global equity markets. + +However, shouldn't it have logically devalued the USD simply because there is just much *more* of it now ? + +I just Googled USD vs INR to see the long term trends but that has not happened at all. In May 2019 USD was around ₹70, currently it seems to have actually inched up north of ₹73. + +How is this happening ? Doesn't this go against common sense of supply and demand logic? Shouldn't dramatically increasing supply have brought down the price ? +Blocknumber 4.37 million, October 17th, Metropolis release. And some weeks after there is Devcon3! Expect lots and lots of hype, the media machine will go in overdrive again. + +I was there in march 2016 whith the hype around Homestead, it was enormous. I can't wait for the Metropolis hype to start. Many people think nothing will happen because of the recent big gains, but I think we will most likely be at around 1500$ a week after Metropolis goes live. Yes it seems unreal but when this thing breaks out above 'all time high' there is no way back and this thing will simply go straight up with nobody wanting to sell :) + +See below the latest Core Dev Meeting in which they talk about the Metropolis release date. + +https://www.youtube.com/watch?v=gxtftZB7_jA + +> Tesla Inc. TSLA, +2.04% on Friday surpassed Berkshire Hathaway Inc. BRK.A, -0.85% BRK.B, -0.67% as the sixth-largest U.S. company by market capitalization. The Silicon Valley electric-car maker ended Friday with a market cap of $555 billion, and Berkshire Hathaway ended the day with a market cap of $543 billion, according to FactSet. Berkshire's assets dwarf Tesla's to the tune of $829.9 billion compared with $45.7 billion. Tesla stock has been on yet another rally ahead of the company's inclusion on the S&P 500 index next month. SPX, +0.24% Tesla shares have gained 600% this year, compared with gains around 13% for the benchmark index. + +> Link: + + +> https://www.marketwatch.com/story/tesla-become-sixth-largest-us-company-surpassing-warren-buffetts-berkshire-hathaway-2020-11-27 +Return on Invested Capital (ROIC) is something that Charlie Munger pays very close attention to. He says that the return on invested capital over the long term is a great indicator of the rate of return that you can expect on your stock price appreciation. + +There are different interpretations of ROIC. On a high level, ROIC is the ratio between the Net Income or Owner Earnings and the Invested Capital represented as a percentage. Obviously, the higher the percentage, the better, which means that the management of the company is doing a good job at allocating capital. + +If you read the Intelligent Investor, on Chapter 15, you'll find a version of the ROIC formula according to Christopher Davis from the Davis Funds. He defines ROIC as Owner Earnings divided by the Invested Capital. + +Another definition is the one from Investopedia, which I personally like better. Investopedia defines the ROIC as NOPAT or Net Operating Profit After Tax, or Net income minus Dividends, all divided by the Invested Capital, which equals to Equity plus Debt: + +ROIC = (Net Income - Dividends) / (Equity + Debt - Cash & Cash Eq) + +The most important aspect of ROIC is its consistency, because over the long run, you can expect the rate of return of your stock to be as good as the return on invested capital. To illustrate this, I compiled some figures for Apple and Microsoft in the last 10 years: + +**Apple (AAPL)** + +|Year|ROIC|Avg Stock Price|% price change|EBITDA (Bi)|% EBITDA change| +|:-|:-|:-|:-|:-|:-| +|2011||$11.14|||| +|2012|42.01%|$17.68|58.64%|$58.52|| +|2013|26.08%|$14.80|\-16.30%|$57.05|\-2.51%| +|2014|26.20%|$20.71|39.95%|$61.81|8.34%| +|2015|31.32%|$27.40|32.32%|$84.51|36.73%| +|2016|21.95%|$24.37|\-11.05%|$73.33|\-13.23%| +|2017|19.86%|$35.74|46.64%|$76.57|4.42%| +|2018|24.41%|$45.57|27.49%|$87.05|13.69%| +|2019|25.75%|$51.00|11.90%|$81.86|\-5.96%| +|2020|30.11%|$94.46|85.23%|$81.02|\-1.03%| +|2021|51.70%|$136.31|44.30%|$123.14|51.99%| + +&#x200B; + +**Microsoft (MSFT)** + +|Year|ROIC|Avg Stock Price|% price change|EBITDA (Bi)|% EBITDA change| +|:-|:-|:-|:-|:-|:-| +|2011||$20.91|||| +|2012|23.25%|$24.59|17.60%|$25.61|| +|2013|25.70%|$27.63|12.37%|$31.24|21.98%| +|2014|21.79%|$37.15|34.43%|$33.63|7.65%| +|2015|11.16%|$41.96|12.96%|$25.25|\-24.92%| +|2016|14.81%|$51.00|21.55%|$27.62|9.39%| +|2017|16.36%|$68.10|33.53%|$34.15|23.64%| +|2018|11.49%|$97.42|43.04%|$49.47|44.86%| +|2019|22.69%|$127.59|30.98%|$58.06|17.36%| +|2020|23.90%|$190.83|49.56%|$68.42|17.84%| +|2021|30.80%|$266.16|39.48%|$85.13|24.42%| + +&#x200B; + +**Summary** + +|Last 10 years (annualized)|AAPL|MSFT| +|:-|:-|:-| +|Avg ROIC per year|29.94%|20.20%| +|Avg % stock price increase per year|30.54%|28.45%| +|Avg % EBITDA increase per year|10.27%|15.80%| + +&#x200B; + +As you can see above, Apple had an annualized increase in EBITDA of 10.27% over the last 10 years, while annualized ROIC was 29.94%. The stock price annualized performance is 30.54%, which is very close to ROIC. Therefore, ROIC indeed proves itself as an accurate indicator of stock price performance. + +Similarly, with Microsoft we can see that the annualized increase of 15.80% in EBITDA is higher than Apple's over the last 10 years, however ROIC is 20.20%. Microsoft's stock price annualized performance is 28.45%, which isn't as close to ROIC as with Apple's example, but still, it demonstrates the correlation, especially considering that Microsoft had a greater increase in revenue YoY than Apple. + +Another point that Charlie Munger makes is that it doesn't matter much your entry price when building a position in a stock if over the long term there is consistent ROIC. At the end of the day, after 10, 15, 20 years, the rate of return on the stock and the ROIC performance will converge. + +Edit: forgot to add minus Cash & Cash Equivalents in the denominator of the formula +WSB automod deleted this post and gave me a one day ban. Please help get the word out. + +CALL YOUR SENATORS AND CONGRESSMEN NOW!!! + +Autists, + +For a trading platform to restrict trading on any stock the way Robin Hood has chosen to do is ILLEGAL. + +This is not a free market. + +This is a BIPARTISAN issue and I see both sides coming together on this one. + +I encourage all of you to call your representatives ASAP. + +Edit: [Its working!](https://reddit.com/r/wallstreetbets/comments/l7c6kb/congress_might_do_something_for_once/) +For those saying the SEC/GG is worthless & doesn’t do shit: + +— …2021-010 was withdrawn when apes got loud. + +For those asking for an ELI5: + +“assuming no significant changes from 2021-010 it’s a rule to launder illegal naked shorts & persistent FTDs + +The NSCC explicitly “understands” that there are significant FTDs, Naked Shorts and similar that need to be cleared. This rule proposes a service to “avoid” those pesky obligations. It does so by introducing a new transaction layer that “novates” (replaces) old obligations b/w NSCC member lender / short sellers / prime brokers / etc. with a new obligation b/w a member and the NSCC itself as the new counterparty. This novation is done with even more lending of securities. + +Comment on the rule. It has been withdrawn twice already and this is the third time it has be introduced. If this service is implemented before the float is locked via DRS and there is every reason to believe that MOASS trendies and justice are seriously threatened.” + + +Now. For those saying I am of so few wrinkles, can I have a template? + +— the answer is NO! Get PISSed and write from your heart. This proposal is not in the interest of RETAIL. This does NOT lead to Transparency or hold those who have put this country at risk accountable. + +Edit: last year I needed help attaching a document to an email, so bear with me. + +SR-NSCC-2022-801 is the advance notice + +Folks are telling me: + +SR-NSCC-2022-003 is the current & best version for comments: + +https://www.sec.gov/rules/sro/nscc/2022/34-94694.pdf + +Email: rule-comments@sec.gov + +Another direct link: + +https://www.sec.gov/rules/sro/nscc-an.htm +The amount of fud toward ethereum has been incredible over the past 12-16 months. Yet for some reason dispite all the ridicute, insults, etc etc Vitalik has proven over and over he is determind to move forward as a person and as a leader. Cheers to Vitalik and cheers to his supporters. Cheers to ethereum and cheers to the community that can see the 'bigger picture'. Congrats on all you have accomplished Vitalk and thank you for being an inspiration to many. + +Eth 2.0 yo! +Hedge fund manager Cliff Asness of AQR Capital Management has revealed a short position on AMC. He claims that “meme stock maniacs” won’t do anything significant in response. + +AMC Entertainment (AMC) - Get AMC Entertainment Holdings Inc. Class A Report stockholders and short-selling hedge funds are on a collision course. Skeptical that retail investors can withstand bear market pressures, hedge funds have been betting against meme stocks in an attempt to capitalize on the fatigue of meme stock fanatics. + +Read the full article: [https://www.thestreet.com/memestocks/amc/cliff-asness-hedge-fund-is-short-selling-amc-stock-and-theyre-daring-apes-to-take-them-on](https://www.thestreet.com/memestocks/amc/cliff-asness-hedge-fund-is-short-selling-amc-stock-and-theyre-daring-apes-to-take-them-on) + +AMC is up 34% since hedge fund manager Cliff Asness shorted AMC and stated: "I dare all the meme stock maniacs to try to hurt us." Do you think he has already been squeezed out of his short? +Of course no success is truly achieved “alone”, but the question is pertaining to ladies who built up their wealth independently without significant inherence or marrying a HNW spouse. I feel as if I hear more voices from men in this sub and would love to hear stories from fellow ladies FatFirers or those on the way to become one. + +I will start - I (32F) bootstrapped an online fashion business in my early 20s that took off unexpectedly. Not quite FatFIRED yet but can definitely FIRE if I wanted to, and in the meantime allowed my husband to quit his job and focus on his passion and our family. Our positions are reversed in the sense of traditional family roles, but to be honest I’m quite proud of my career and of course still appreciate my husband for contributing in other ways within the family. + +Any other inspirational stories from my fellow ladies? +How’d u do it? +When did you start? +How long did it take? +What’s the current value of your portfolio? +And if you are retired what do you do now since you no longer need to work? +They always say money can't buy happiness, but I don't agree. Basically all the things I want to do require money. And they are all things that open up my life more and give more freedom. Surely that would make me happier. Or at the very least, more evenly happy with less downer moments. + +And I'm not talking about being a millionaire or even making 100k a year. My life would be completely different if I just made like 50k a year. I could afford to buy a car. I could afford to have my own apartment (maybe). I could afford to buy good recording equipment and record an album. I could afford to buy a road bike and get into triathlons... I could afford the crazy entry fees for triathlons. I could afford to do most normal activities. + +I'm actually stuck when I try to figure out the problems I have that don't require money. I don't think there are any at all. I'm active, well adjusted and friendly. The only thing is I wish I had more friends, but again that's almost impossible to solve without some money. Joining a rec soccer league for example: I bet that costs like $100. Which I don't have. + +Just venting really. + +Edit: uh Sooo after I posted this I got a call for an interview for a job that pays 50k exactly. Is God real? +# Let's begin by looking at EVERYTHING + +Here is a quick overlay of March / April data and June / July data to see how the trends are exactly the fucking same. + +https://preview.redd.it/003mir06u1a71.png?width=957&format=png&auto=webp&s=4a1dd54d80ae56e8022ad445ae31cd9849d6d90b + +If we were to adjust the size of the red dildos so they match, you can fucking see the relative rates of change are EXACTLY THE FUCKING SAME again. + +https://preview.redd.it/pwn6xdh5u1a71.png?width=957&format=png&auto=webp&s=d2eb3caf5c1e49ec493297d2b6ec1983da00eb09 + +Here are the candlesticks directly on top of each other if I haven't stressed my point enough. + +https://preview.redd.it/hfqfyotxt1a71.png?width=955&format=png&auto=webp&s=f94cdbf977a77523a29488f8e66611d696f64d93 + +# Selecting which values to compare + +Stretching the 6/15 red dildo to match the same length as 3/10, the close and high have the same ratio size. This is circled in rotten banana color. + +https://preview.redd.it/t80b809oy1a71.png?width=541&format=png&auto=webp&s=758786361b256e4696164b2536a6faf864c55c8f + +Thus, it looks like we can compare the wick and the upper body of the candlesticks against each other. + +# BUT FIRST + +Let's refresh our memory on how candlesticks work. Both the red and green have the same locations for their highs and lows, however, their open and close are different: + +https://preview.redd.it/1me85bsmy1a71.png?width=542&format=png&auto=webp&s=83976725e57599b580f43f17bad1a1e3844c7adb + +# Back to the Mathemagics + +If we were to continue to match up 3/10 with 6/15, we get the below table. The "Current Open Close" and the "Older Open Close" is the value of the top of the candlestick body. The "Open Close Difference" is "Current Open Close" subtracted by "Older Open Close." + +https://preview.redd.it/uzs52m56x1a71.png?width=1306&format=png&auto=webp&s=0a554268567493cf803fd9d603945ff7748d398e + +# Looking at all the data at once + +If we were to graph all the current open close against the older open close, the correlation isn't that high. + +https://preview.redd.it/jv1busbuz1a71.png?width=1369&format=png&auto=webp&s=cbf4224c8231648b08e7e27abcc2e978e0fc81d3 + +However, if we separate into time intervals, we can see how the correlation increases and the similarities are beginning are becoming tighter and tighter. Our R\^2 values are crazy good. + +https://preview.redd.it/7cu7l51lx1a71.png?width=1391&format=png&auto=webp&s=7cf1a0c0d49de7a6837c089da43150d6a71639bc + +# Looking at the difference between the Two + +Despite if the day is red or green, the top parts of the candlestick body are trending similarly to each other. The average difference between the tops from the current data and the older data seems to be about $25. + +https://preview.redd.it/c09vspg6y1a71.png?width=652&format=png&auto=webp&s=07994554ded7e1eccaf838e545bed1f0221af535 + +If we look at the difference by a day to day difference we can see it is beginning to level. + +https://preview.redd.it/v9rtd1fc12a71.png?width=1317&format=png&auto=webp&s=be9e0032898c87d2cd3e190b5494296b909c295a + +If we were to segregate the data into time intervals, we can see how the difference is moving to about $20 - $30. The regression lines are becoming more and more horizontal since as time continues, there is no change. + +https://preview.redd.it/zz9f56dfx1a71.png?width=1330&format=png&auto=webp&s=d2bdca9b8dfd6d4fbd81e864b6da238202eaa0c4 + +We can also view it as a density chart. + +https://preview.redd.it/19zox96b32a71.png?width=1039&format=png&auto=webp&s=d3490e0bf9eae51e943632ccf924471dace25a9d + +# Incorporating the Algorithms + +https://preview.redd.it/dbkhutdq42a71.png?width=772&format=png&auto=webp&s=6e11b2fc09fb93379a4a2529c9ed03a6e1d2d99e + +# 90 day calibration? + +The red giant dildos we aligned earlier (3/10 and 6/15) have total of 68 trading days / 96 total between. If we take a few steps back, we can see how there is a break from the trends at 2/24 and 5/24 (circled in yellow). After the yellow circle dates, we see an upwards trend for about 17 days followed by an immediate drop. + +https://preview.redd.it/rc9sxyn3x2a71.png?width=1266&format=png&auto=webp&s=59e4354b0e3c88b6bd276c2aab37c9e9227a263a + +The algorithms are repeating every 90 days. Left side buildup see the last max 16 days in followed by a small red day on day 17. The subsequent small red day is followed by a big red day. + +https://preview.redd.it/59ok1wy9q2a71.png?width=190&format=png&auto=webp&s=7c5ea04e3003645ccb0186140d5aa95db9895f38 + +# TL;DR + +The algorithms are repeating every 90 days with a 16 day positive buildup. The overall daily trends are also repeating itself. Hold the line + +# Thoughts + +While each individual day share price is determined by the retail buying pressure, the overall trend is determined by the algorithms. The algorithms are so fucking influential that TA hasn't matter this entire time no matter what the indicators. I think the algorithm looks something like this + +&#x200B; + +https://preview.redd.it/oo51nbfzs2a71.png?width=1208&format=png&auto=webp&s=aa04124c48c769e09b18183e0927e1e59033941a + +I don't think the share offerings had really any effect on the trends. I would assume this is because the MASSIVE amount of naked shorts in comparison. + +Edit 1: fixed some typos + +Edit 2: Added some more thoughts + +Edit 3: [GME Data](https://finance.yahoo.com/quote/GME/history?p=GME) + +[Tweet](https://twitter.com/pwnwtfbbq/status/1413288402955358210?s=20) + +Edit 4: + +Holy shit! I didn't even know RC posted this. It even shows the same oscillations! Observational bias confirmed. + +https://preview.redd.it/0dpwocvng4a71.png?width=950&format=png&auto=webp&s=7789670e898f5b1c357786f755c204e685a29858 + +Edit 5: More thoughts + +If we continue this \~$25 or $30 increase, we'll soon have a $210 resistance. The following oscillation ($240) would cause the resistance to become the max and then moon. Just like in RC's [tweet](https://twitter.com/ryancohen/status/1413223954387406851?s=20). + +(These are just some example numbers I pulled that make sense to me. They are not suppose to be exact numbers) + +https://preview.redd.it/pzmwe4zpk4a71.png?width=710&format=png&auto=webp&s=ecea84267e33353a735e2a92eb5f9c7320f521ff + +None of this is financial advice. + +Edit 6: Explanation of population and within population + +Let's say you own 3 banana farms. + +**Population to Population** + +1. Farm A, B, and C all have the shape (timeframe) +2. Farm A is bigger than farm B and C (min / max share price) + +**Within Population** + +1. Looking within Farm A and B, we can also see they have their banana plants looking exactly the same. (same sized ratio of candlesticks / similar behaviors) +2. Farm C was all done fucked up. + +https://preview.redd.it/293sby7rj8a71.png?width=844&format=png&auto=webp&s=cc511fe3bbdc312218d039439de7adef4634e68f + +While the dates are interesting that they occur at the same intervals (Farm A and Farm B), what's also interesting is that their candlestick and ratio of size are the same (Like Farm A and B but not C). This is effectively showing not only the improbability of having a repeat of a timeframe but the HIGHLY improbability of the candlesticks have similar overlays as shown above. While many have stated it's solely comparing 2 dates, it's not. We selected the two dates and within them, compared the population. + +Edit 7: Today's data: + +[Fucking lol](https://preview.redd.it/u1w0n245x8a71.png?width=953&format=png&auto=webp&s=b5edea0971095436b1b23a4aff3de8adc1aa1054) +So I follow Geekyranjit, basically he reviews tech gadgets on youtube. He made a video saying you shouldn't buy expensive stuff you can't afford on EMI. I found this advice to be really good, but I m a noob in investments, so I am not sure how it works in real world (I m still a student). So I would like to hear your opinions and advice on this, since I ll start earning soon. +So, first post here, I will appreciate any piece of advice given. + +I'm 26 (M), I live in Spain and I work in a hotel as a front desk staff. I make about **1350-1400**€ every month, no extra payments on summer/winter. I have **15.000**€ on my bank account and **5.200**€ on an index fund. Every month, as soon as I get paid, I have an automatic transfer of **200**€ to the index fund. That's for the long run, and hopefully compound interest makes its magic. I make 23K a year, but hopefully in two years I'll have my police exam and I'll make about 32K on the first year, so I'm not concerned about not making much every month. + +Now, as **monthly expenses** I have: *car loan* (160,50€), *garage* (60€), and *gas* (50-60€). That makes a total of **270-300**€. Apart from that, every month I give my parents 100€ since I'm still living with them. + +In the near future, along with my girlfriend, we want to move together, and our target will be apartments from 600€ to 750€, maximum. So, I expect to pay the current month (whenever it is), 2 month deposit and a month as a honorary. So yeah, 2,500€ to 3,000€. + +The thing is: + +1- Am I doing right? I've never been told how my finances are doing + +2- Would you decrease my bank account to, let's say, 10K, and take those 5K and put them elsewhere? If so, what's the best option to put them? + +Any other advice will be helpful, as I've told before, no one has never "mentored" me or told me some usual mistakes people do. I'm sorry if I've made any grammar mistakes, English is not my mother tongue. + +Thank you so much +&#x200B; + +https://preview.redd.it/a5yv387dkf171.png?width=1600&format=png&auto=webp&s=ee61b1b888ecdacbf02623f0cb545bb9c4086385 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/tcqbdc6gkf171.png?width=680&format=png&auto=webp&s=c36976b3db22cea9b69877a196dce94360396a4d + +Ok this one is a little obligatory + +&#x200B; + +https://preview.redd.it/9z5xwnmjkf171.png?width=960&format=png&auto=webp&s=1734a4cc62e1c6b39337364df11412e0f66cb073 + +Happy 200, glad to see you again my old friend. + +&#x200B; + +But let's go with the news + +&#x200B; + +https://preview.redd.it/x1dadtwpkf171.png?width=640&format=png&auto=webp&s=2590f499ef55702360c92afd0d44dce09df53982 + +# Cramer and Bear Stearns + +So everyone has seen the big short by now right? + +At the ending of the movie you can see Mark Baum at a conference and a guy talking about how his bank is still ok, while the rest of the room is getting updates on their phones that the stock is plummeting, this is what happened with Bear Stearns and Jimmy Cramer. + +Bear Stearns was one of the biggest banks in terms of stock brokering in the world at the time. and Jim Cramer told others to "buy buy buy" as he so often does with his soundboard. the problem however was that at the time BS was trading around $62 usd, only five days later they got bought out by Jp Morgan for $2 usd a share. (bailed out by them). + +Now from this came a joke of sorts, always do the opposite of what Cramer says (even long before we apes came along), sometimes he has a good thing in there and some actual good advice but more then not I'd say the inverse is true. + +Now Jim Cramer has a great background as a hedgefund manager and entertainment personality, both come with great connections to the right people, so you'd think he would know whatsup and give better advice than most people could as just a tv personality, but here we are again, another "Bear Stearns is FINE" moment, there have been people screaming about the inflation of the USA going insanely high (prices of food, lumber and metals going up) and JPOW is screaming "nah it's all ok" + +I'm hardly an expert or someone who is allowed to use scissors without supervision, but by all the markers it seems that the USA economy is circling the drain right now, with reverse repo rates getting higher by the day, inflation rising, CBOE VIX spiking every other day, M1 surging.... + +Yeah this feels like another "Bear Stearns" situation to me. + +[reverse Repo going up again](https://preview.redd.it/7brl8wioof171.png?width=857&format=png&auto=webp&s=4debd99f223a76f9f53a544b2dc6ee32ecfb7869) + +&#x200B; + +# SR-ICC-2021-009 + +[https://public-inspection.federalregister.gov/2021-11083.pdf](https://public-inspection.federalregister.gov/2021-11083.pdf) + +This beauty is going to be filed today. + +I'd say give it a good read, I personally love page 6 and 7 + +"establishing a risk-based margin system" hmmmm Kenny be sure you have your phone on buddy ;) + +&#x200B; + +https://preview.redd.it/42xlo4ksof171.png?width=828&format=png&auto=webp&s=a09af119e2515a6b6edd7812610889cfedb69497 + +# To big to fail + +Today the senate banking committee will hold its hearing on may 26th at 10 A.M. what the hearing is about or what they're going to talk about is unknown, the same is for tomorrow the house financial services committee will be holding it's hearing at the 27th at noon + +Its indicated that the biggest banks ceo's will be hauled in front of congress, just like in 2009 + +the following CEO's will be attending and scheduled to testify + +1. Jamie Dimon - JPMorgan Chase +2. David Solomon - Goldman Sachs +3. Jane Frase - Citigroup +4. James Gorman - Morgan Stanley +5. Brian Moynihan - Bank of America +6. Charles Scharf - wells fargo + +I currently do not have a link to where we can view/stream these hearings but if a smart ape finds out let me know and I will update it here + +&#x200B; + +Big thank you to u/sky_is_not_the_limit for finding these: + +Hearing for today, 26th 10 am + +[https://www.banking.senate.gov/hearings/annual-oversight-of-wall-street-firms#](https://www.banking.senate.gov/hearings/annual-oversight-of-wall-street-firms#) + +House financial comittee, 27th noon + +[https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756) + +&#x200B; + +https://preview.redd.it/rggptmqvof171.png?width=828&format=png&auto=webp&s=867c0be332be1762180610c835e6b3dbdb30bc5e + +# For the new apes among us + +First of all welcome! + +Second, for the people who see this and think "Woah dude" be sure to chill and read some DD we have posted around here, while going up over 200 is nice we are up institutional gamblers \*cough Shitadel\* + +These guys will do everything to win so they wont go "fuck it, they've won" they'll fight till the last nickel is done for, so even though its awesome to see, don't think you've won until it's way over. + +Again read the DD, take in as much info as you can, and double check everything, never trust anyones word, always do your own DD. + +Knowledge is the weapon against all FUD + +&#x200B; + +&#x200B; + +https://preview.redd.it/ieiirzhupf171.png?width=510&format=png&auto=webp&s=af389726d3196916e9274c8575c42998e8bfbf95 + +# IS IT A BIRD? IS IT A PLANE? + +I will be adding a big part on the NFT and blockchain stuff here later today be sure to come back and check it (I'd rather take my time to double check everything and the possibilities with it before making claims that may be wrong). + +The big news comes down to something fucking awesome + +* First Actual use of the NFT to use as a service or goods +* NFT based preorder items +* Perhaps a crypto dividend +* Power up rewards can become part of the blockchain +* reselling of digital games +* Digital marketplace. + +If any of these are going to be implemented, congrats RC you've just killed off Steam + +But again I'll be diving deeper into the entire crypto part and will be coming back here later today to update it with as much info as I can find. + +&#x200B; + +https://preview.redd.it/mqe42y2lqf171.png?width=554&format=png&auto=webp&s=005491bcd8e21ed8088469d4116d67ddcd363e71 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/jh1v3b0sqf171.png?width=400&format=png&auto=webp&s=d8cb0bc7d15aedb90561e26691aa61ac208320b8 + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +Little side note: I wont be posting through Automod anymore because it takes away the ability to edit the posts once posted :( if anyone found a way around this by any chance please let me know because I'd love to just use automod but I need to be able to edit. + +Be sure to check in for updates throughout the day! + +\------------------------------------------------------------ + +# Gamestop Cryptoshop + +&#x200B; + +Ok I have to preface this that my crypto knowledge is extremely limited, and I will have to go off of information of smarter apes which have posted here, so if anything is incorrect in this next segment please feel free to correct me. + +Now first of some things we know for sure (or think we know for sure). + +the address where you can find the info is [https://nft.gamestop.com/](https://nft.gamestop.com/) + +There is a small game hidden in there, with the squeezable cat toy, its the little pixel on the top right of the website if you click that you get the game. + +\------------------------------------------------------------ + +The token was created around the time of Ryan Cohens tweet + +[https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +\^ address with all info and age. + +\------------------------------------------------------------ + +Do not buy any Crypto's because people say "this is Gamestops Crypto" When GME will launch their crypto for to be able to buy, expect Gamestop to offer some sort of press statement, the crypto landscape is littered with scammers so be very careful please. + +\------------------------------------------------------------ + +The platform they are using is Etherium and some information about that can be found here: + +[https://www.theblockcrypto.com/linked/106071/gaming-retailer-gamestop-is-building-an-nft-platform-on-ethereum](https://www.theblockcrypto.com/linked/106071/gaming-retailer-gamestop-is-building-an-nft-platform-on-ethereum) + +\------------------------------------------------------------ + +The GME crypto will launch on July 14th, Bastille day. + +&#x200B; + +https://preview.redd.it/ttjgz0y8ag171.png?width=828&format=png&auto=webp&s=cc8a9fab35715616a44f544442dc7357c67a4207 + +[https://en.m.wikipedia.org/wiki/Bastille\_Day](https://en.m.wikipedia.org/wiki/Bastille_Day) + +This was found by u/jakksquat7 in his thread [here](https://www.reddit.com/r/Superstonk/comments/nl2vld/july_14th_the_date_of_the_gme_crypto_coin_launch/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +\------------------------------------------------------------ + +Another thing we know for sure is that this does not automatically mean there will be a crypto dividend, but the possibility of one just rose exponentially. As GME themselves have not made a public statement about this we don't know for sure if it will happen, but again it seems like the chances just rose exponentially. + +\------------------------------------------------------------ + +&#x200B; + +https://preview.redd.it/v5gpt5gqag171.png?width=500&format=png&auto=webp&s=54e00366b5333b2d6bfb5dd45317b0338fd311f3 + +\------------------------------------------------------------ + +NFT's have not been used for "useful" transfers, meaning up until now you could buy digital artwork, or a videoclip. With Gamestop getting into the NFT business we might see the first implementation of "useful NFT". + +With useful I don't mean to say the previous stuff wasn't, but useful is more defined in the sense of something you can actually use as a product. + +This can be implemented in lots of different ways as I've come to understand it, as with the blockchain you can get verified data. meaning one could in theory use it to sell and resell digital assets. + +So they could in theory make a "Steam" like store, but with the option of selling your digital games, or selling cosmetic items (players of Warzone/Fortnite/CSGO and others may be familiar with this and know that custom skins can sometimes go for big money), also as I understand it is that the original creator gets a cut of the profits if it gets resold. + +The old model was: +Player buys physical model in store +80% of the profit is for the store, 10% for the publisher 10% for the creator (just an example), but once the game got traded in and resold the profit was 100% for the store selling this game. + +Now in the digital marketplace we see people like Valve and Apple having a monopoly (their cut is usually around 30ish %) but there is only one sell and it's done + +With the new model it could be possible a player plays a game, is done with it and wants to sell it, now lets say it gets sold on GME's marketplace as an NFT, the original creator/publisher of the game will get a cut of each sale on the secondhand digital market, this incentivises them to participate as it creates a secondary (passive) income stream for them. + +Also you could have more weight behind digital versions of "collectors editions" + +&#x200B; + +The same could also be used for "save files", in game currency, specific partnerships (for example twitch or SLGG or Microsoft) to make an easy method to pay across all platforms with a simple click of a button, and GameStop as a company can earn a passive income stream from "transaction fees" (for example 1 cent per sale, if you have thousands a day that still racks up a nice sum). + +The same could also be used for actual physical items, they could combine their powerup rewards program with this, or Pre ordering, curbing scalpers (seeing they sell both consoles and graphics cards now who knows?) + +This could nullify the Piracy argument and need for bad antipiracy locks ( LOOKING AT YOU DENUVO DRM), because the item could be verified via nft blockchain. + +Cross platform games or cross platform avatars, as in theory (as far as I understand) your entire gamer profile could be an NFT + +&#x200B; + +Regardless of what Gamestop decides to use their NFT technology for, I am thrilled to just even think about all the possibilities that this technology brings with it. and as someone who has never really dabbled with crypto that much, this is exciting to see crypto come very close to physical stores. + +&#x200B; + +Again boilerplate not financial advice and I know jack shit about crypto, but I like this stock and I'm excited to see the future + +&#x200B; + +&#x200B; +I'm a software engineer, and just getting into algo trading as a hobby. I'm amazed at how backwards the technology in this industry really is. +All I want to do is download some historical data on my headless linux server on a cloud provider and this is the crap I have to deal with: + +IB: +> For security reasons, a headless session of TWS or IBGW without a GUI is not supported." + +Maybe I've lost my mind, but I don't see how a GUI is more secure. Someone **PLEASE** educate me. + +Are these the same kinds of people that used to obfuscate their javascript for security back in mid 2000s? LMAO + + +IQFeed: +No linux client, and no API endpoint. Have to use their crappy GUI based proxy client. For the love of God, WHY?! + +Suck a donkey, IQFeed + + +How does a local client improve security? They don't want to give out their server location? Any half brained monkey with a network monitoring tool can find that info. It gains us nothing, but just adds useless roadblocks. + +Can't wait for someone to come along and put these idiots out of business. + +/rant +If investing is so easy, why do rich people (10M+ networth) almost always have a financial advisor? Why not just dump it into the sp 500 and forget about it like the rest of us peasants? + +&#x200B; + +Are all rich people just trying to beat the market? Seems like a waste of money if the SP 500 historically beats out most finanical advisors. + +&#x200B; + +Thanks for all the responses, got the answer I needed! +**Short interest of GME = 3,000% - 10,000% with float in the billions.** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/npi3s7/thesis_si_is_between_3000_10000_assuming_30m/ + +&#x200B; + +**Short interest of GME is 6000% with float at about 4.62 billion shares.** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/pfck0g/short_shorter_ep_4_about_a_month_ago_i_used_the/ + +&#x200B; + +**Public float is at least 1-7 billion:** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/pu9zuk/fresh_google_consumer_survey_results/ +Keep in mind I live in Europe. I found my dream apartment for 460k (in our country we have to pay 30% down which we can do but it's a stretch). My boyfriend says absolutely not that spending that much on a down payment and taking out a mortgage like that is insane. I don't think it's that bad but I'm also admittedly blinded by my love for the home. Can anyone speak to the best financial advice here? + +A few key points: + +* Most apartments where I live cost around 300-350k and they're no where near as nice as this place and would require a remodel, whereas this place for 460k does not. +* I believe we can counter +* It's for sale by owner not a real estate agent, for whatever that's worth +* "HOA" is only 30 euros a month + +Would love to hear if there's a logical way to approach this from a money POV. I genuinely believe my bf and I will make more over time, we're fairly young in our careers. But also a family is probably in the near(ish) future, 2-3 years. + +*ETA: Really appreciate the overwhelming number of insightful responses here! :) This has really made me pause and take off my "blinded by the dream home" glasses. I do want to add, as I mentioned in a reply, we would pay 30% down and have done the math and the monthly payments would be 1600. That being said, I can see even still that based on the responses the overall feeling is no and I really appreciate having everyone's advice, we'll likely have to let this one pass.* +Seeing posts accused of fakes, such as the recent 100M post that was subsequently verified, or [this](https://www.reddit.com/r/fatFIRE/comments/q5kh1c/fake_posts/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) general commentary from tonight, I would like to pose an uncomfortable truth for those that seem to dislike seeing posts from those younger or with higher NW. + +I was accused of LARPing before verification. It was clear from the helpful responses that there are many unverified users with excellent advice that clearly comes from experience. If you have $5-10MM+, it does not stop you from using the internet, or seeking information from a variety of sources. + +In my case, I have no interest in sharing the details of my work, and I'm sure many others feel the same way. For many, this seems to understandably be the reason they read this subreddit, to try to find out how some hit FatFIRE. Unfortunately, for many posters, it is not in their best interests, or interests period, to start career counselling. + +If I were a personal injury attorney with a geographical or professional niche, for example, the last thing I would care to do is draw attention to the area to random strangers on the internet. In my case, if you took my area of expertise, age, general location, and earnings/NW, you would then have a very short list of possible names if you asked any person in the area. Not sharing this information does not equate to LARPing. In fact, it's probably the natural response for many. + +What I don't see are many others I suspect of being HNW wasting time trying to dig up what are likely very rare fakes. +Hi, I am looking to allocate around 25-35% of my portfolio to niche-style ETFs. In my early 20s, so I am not afraid of investing in some high growth ETFs. + +My favorites I found so far: + +ARK ETFs (ARKK, ARKG, ARKF, etc.) - genomic innovation, fintech, AI, etc. + +SMH - semiconductors + +BOTZ - robotics, AI + +ICLN, PBW - clean energy + +BETZ - online gambling + +Any others? Thanks. +I saw a yahoo article pop up talking about RC buying 100K shares in the "meme stock" and I knew that they were trying to make it seem like a joke. A meme is a funny silly thing the kids do right? So how can you take the apes seriously? + +Except I'm not fucking joking. I've worked long hard years getting underpaid and treated like garbage to scrape together enough to enter the markets. I did research for years to get enough capital together to even HOPE to make a decent return. + +I saw the DD and the FUCKERY happening around GME and I knew something big was happening. Over the last year I've been researching and learning more with all of you and I'm more sure than ever that this is a game changer....a game stopper. + +We're not fucking around here. We may make jokes but this is far from a joke. This is real money and real investors. Fuck them for trying to make us seem like we don't take our lives seriously. We've been forced into these corners of desperation where we PRAY for MOASS just to live with a sense of security. All the markets have been bled dry to serve the greedy wealthy few and have left the rest of us to scrounge in the gutters for just enough to get by. + +I don't even dream of mansions or private jets like they do. I dream of just HAVING A FUCKING HOUSE. HAVING A FUCKING CAR. BEING ABLE TO GO ON VACATION ONCE IN AWHILE. NOT BEING SCARED OF GOING TO THE DOCTOR BECAUSE IT'LL BANKRUPT ME. + +**FUCK THEM FOR CALLING IT A MEME STOCK.** + +I'm here to stay and even after MOASS I'm reinvesting into the company because it's A FUCKING GOOD INVESTMENT. Really it's THE BEST INVESTMENT. + +# BUY, HODL, DRS +If you are a paying platform member, you probably know what I mean. + +If you are not, I will try to summarize it and maybe this will serve as a warning for other people eyeing with his platform. + +I have been paying for his research platform for two years now (1000+ USD in 2 years). I liked him on youtube, liked his investing philosophy, he seemed authentic, he said smart things and I learned a lot from him and also I felt like his expensive platform gave some value to me because he explained his reasoning. (although he didn’t update it too regularly so I was already somewhat disappointed) + +He always communicated his buys and sells shortly after he did them and he always described in detail why he did what. But about a week ago he sold all his positions from his “model portfolio” without saying a word and only let his subsribers know after the fact. + +When people asked him why, he literally just said that it was for “personal reasons” and because he wanted to restructure his platform in order to give us more value and he wanted to start a completely new portfolio. (He did not specify what he meant by more value AT ALL) + +So when people were asking him in the comments his answers were that “Thanks for sharing”, and he “already explained it” (meaning these vague “explanations” above) and than he entirely disabled the commenting option on the topic and also on some of the stocks that were in this model portfolio and were significantly down. + +Since I was so frustrated by this shady behavior I was checking youtube if other people complained (they did.) So when I saw that Sven replied to these (I think pretty fair) questions that “Thanks for your input” or “The explanation is only for the platform members” I got upset because he didn't explain this to platform members, he had to ban commenting because of it and now in the public he acts like he did which is just clearly dishonest. + +My theory is that he had a good couple of years with his stocks when it was a bull market and he needed these good returns to sell his platform. So since most of the stocks in his portfolio declined 25-55% in 2022 he wasn’t able to SELL and market his platform on these bad returns so he just simply started a new portfolio which he already proudly shows in his youtube video thumbnails with 1 mn USD. + +He was always preaching about long-term investing and long-term mindset, so even though his stocks were down, why didn’t he stick with them? + +Why couldn’t he communicate clearly with his subscribers? + +Why was it necessary to sell the current portfolio to start a new one? I’m pretty sure he has lots of money from his expensive platform members, why not start it with that money while keeping the long term portfolio? Or why not start a new one with smaller amounts? + +And I mean, how shady is BANNING the comment section and than acting in the public like he shared this information with the platform members when he didn't??? + +Does any platform member know anything else about this? + +And what do you guys think? + +Sorry if I’m rambling a bit, but this made me so disappointed in him. I thought he was one of the good ones, but now he seems pretty unauthentic and scammy, only in it to make himself rich and get new customers, and not caring about the people who payed him the money he now has... +Got to 400k in the brokerage account today. Can't really share with any of my friends without looking like an asshole so decided to celebrate this milestone with you guys instead. My only regret is not investing in tech sooner. + +Also shoutout to the community for being such a consistent source of high quality information. +Over the summer I made a steadfast commitment to getting my 3 month emergency fund built, which is only about 15k. I'm saving $750 a month, which is exactly 15% of my family's post-tax income. In the 3 months since I made that change, I've had $1.8k in car repairs, $600 in vet bills, and $250 to cover a friend who got towed from our guest parking (our fault). Needless to say, the needle hasn't moved as I wanted it to, and I have to keep reassuring myself that, had I not made this commitment, I'd be in real trouble covering these costs. The end goal will come eventually. + +EDIT: Just to clarify - this is a two person budget! +Hi again glowing cunts + +I finally got around to drafting up the email to PEN shareholders relations, I scrubbed the list of all references to any individual user, let me know if you want to be added back in. + +Also post any criticism/changes you think I should make with my writing/tone before this abominable mess gets sent through. The handle of the email is ASX.PEN.Holders@gmail.com + +**EMAIL BEGINS HERE** + +Dear Mr. Heili, + +I hope this email finds you well. I am writing to you on behalf of a group of differently minded individuals who call /r/ASX_Bets home that have decided that PEN IS the most promising junior Uranium developer listed on the Australian Stock Exchange. We all feel the beginning of a new bull cycle in this sector. You have earned the highest honour we can bestow, the 5x 🚀 rating. Collectively, we have accumulated most likely no more than 1% of shares outstanding, but we are firm holders of PEN. I hope you agree that it is not the size that matters, but the way we use it. Unfortunately, our timing into the market has been poor. There are multiple freshly created long term investors who are desperate for a rapid recovery following the recent plummet from PEN.17 to PEN.15 to this most dreadful PEN.10 low. We understand that creating value out of thin air is not as easy as a magician pulling a rabbit out of hat. Therefore, we have put all our individual brain cells together to generate a series of ideas that if implemented with a powerful vision,we believe could have great long term growth potential and send this red rocket to the moon. The items are as follows + +#1. Start producing fissile material for Kim Jong Un + +#2. Create an Onlyfans + +#3. Collaboration with KFC, Glowing tendies for all, we have many willing buyers + +#4. Start a pump and dump with Biotech Nuclear medicine rumours + +#5. Sell a radioactive box to make your PENs grow bigger + +#6. Glow in the dark Pokemon cards, new rarity class on top of holo? + +#7. Partnership with ASX:DLC to make PENetrating™ Uranium dildos + +#8. Collaborate in tea making with Putin + +#9. Start organ trafficking with the CCP by encouraging mutagenic growth in "volunteers" + +#10. Open a lemonade stand + +#11. Fraudulently employ workers to steal Stimulus PPP money + +#12. Ask CEO nicely to do some market manipulation (Just a prank bro) + +#13. Nucleosynthesis of Lithium from decay products to raid LRS/LKE tendies market share + +#14. Extend Joe BiPEN's half-life and make him run another 4 years + +#15. Build Nuclear Bomb powered rockets and beat Elon to Mars + +#16. Collaboration with Coca-Cola and start making Nuka-Cola with Uranium Glass + +#17. Lobby the Australian Government to stop raping staffers and start building Nuclear plants + +#18. Have CEO Wayne Heili start streaming Fallout New Vegas on twitch + +#19. Watchmen advertisement, stick a PEN logo on Dr. Manhattan's giant PEN?? + +#20. Uranium laced Fish tackle, glows in the dark, skins the fish before it reaches you? + +#21. Rename the ticker, BBC/BWC, something suggestive of large growth + +#22. Rebuild Texas power grid with Nuclear power, if they don't call them Commie cucks + +#23. Take a lump of Uranium into the US senate, start snorting flakes to prove how safe it is + +#24. Lobby for a Uranium themed state fair in Wyoming, glowing candy floss etc. + +#25. Partner with Goop and make Uranium eggs to shove up your cooch + +#26. Wicked Wicked Wings, topped with Uranium flaked seasoning + +#27. Make Gluten-free flour out of Uranium somehow??? + +#28. Run a Banana stand alongside the lemonade + +#29. Change the company name to Peninsula Renewable Blockchain Energy, ride the Bitcoin pump/hype + +#30. Fill recovery holes with mentos and coke and create foaming spouts for the kids to run under + + +I hope you take the above items into great consideration, and wish you and your company well for the future. + + +Regards, + +ASX_Bets Uranium Gang + +**EDIT:** I have [pinged](https://twitter.com/asx_pen/status/1367613095640666112) the CEO on twitter as another angle of getting this to him +I've lost over $4000 today due to their super glitchy UI and constant downtime. I can only imaging how others are faring. STAY AWAY FROM KRAKEN. + +Edit: fairing to faring +Coca Cola seems to consistently trade above a PE of 25, and generally P/FCF above 20. I understand that the company: + +* Has a great moat and is one of the best-known consumer brands globally. +* Pays a nice dividend. +* Has consistently raised its dividend and likely will continue to do so. +* Has stable and predictable cash flows. + +Despite all of these amazing qualities, the valuation does still strike me as quite high - especially considering they aren't growing revenue or earnings. + +Thanks +If you know, you know, *but if you don't*, trading options on meme stocks is **bad juju.** + +[What does going long on options feels like for GME](https://youtu.be/7BwxSHs9elk?t=141)? + +There is a curse on these stocks. Both GME and AMC are **totally broken.** They have been ever since this madness kicked off in January. Nothing about either stock's price movement since 26 Jan 2021 has been normal and with that, the means to **measure price movement too.** This leaves options traders with reddit and nothing more. It's absolutely the very essence of what a slot machine is. Not only do you need the right direction, but you need that random, volcanic level of volatility that appears out of thin air without anyone understanding how or why that keeps happening--besides market watch. They still seem to know. They think it's them "rEdDiT cRoWd" and organizing and pumping it up. My boomer scale explodes every time MarketWatch writes about GME. Anyways, I've been trading options for over a year now and till this date, I have yet find another stock out there that has behaved anything like these stocks. Both for the stock itself and options prices. + +[Do yourself a favor and look at CCI with GME.](https://www.youtube.com/watch?v=ZBAijg5Betw) + +Also, here are some family friendly facts about GME: + +* Completely unresponsive to technical analysis. +* Completely unresponsive to sentiment. +* [Randomly responsive to buying pressure](https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml)**.** +* **Randomly tanks** without ANY information either forecasting/supplementing it. +* **Randomly launches** without ANY information either forecasting/supplementing it ([minus Jan 2021 run up](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)). +* **Randomly trades-sideways** for most of the time with extremely low volume like it never even exists. +* [Price movement and behavior is the same for all meme stocks.](https://preview.redd.it/k12y1yxomjj71.png?width=4503&format=png&auto=webp&s=a71d022d84c6d3e2600632f853afb58185e74215) +* It has a negative beta that pulls heavily from Jan 2021--so hedging purposes aren't entirely legit. +* Oh, and **options pricing is ridiculous**. +* *The stock is 100% inefficient.* + +[Provided it's major theory turns out to be true](https://www.youtube.com/watch?v=_AHpRNJLamc) and explodes as a result, well, it will be like this until it does and one can only wonder for how long. People have been trying to measure this for a year now--nothing so far. Until then, the only one's finding any efficiency are **options sellers** who have probably paid off their mortgage by now from people thinking "today's the day" *everyday*. + +[Happy Gilmore would be the very essence of who and what this stock is.](https://youtu.be/7BwxSHs9elk?t=81) Everything about Happy Gilmore and what he does totally lines up with this stock's market inefficiency (ability to be priced properly given information known about it), culture, dysfunction yet also not and random explosiveness. + [Redditors are pledging to avoid Robinhood's IPO, even as the company goes out of its way to lure day-trader interest | Markets Insider (businessinsider.com)](https://markets.businessinsider.com/news/stocks/robinhood-ipo-reddit-pledge-to-avoid-retail-investors-wallstreetbets-2021-7) + +[Natasha Dailey](https://markets.businessinsider.com/author/natasha-dailey) + +Jul. 3, 2021, 08:55 AM + +* **Reddit investors are shunning the idea of investing in Robinhood's upcoming IPO.** +* **Robinhood filed for an IPO Thursday and pledged to reserve up to 35% of shares for retail traders.** +* **"Just forget Robinhood altogether. Let them go down in lawsuits and loss of customer base."** + +Robinhood wants the retail crowd to buy into [**its initial public offering**](https://markets.businessinsider.com/news/stocks/robinhood-ipo-s-1-filing-prospectus-free-stock-trading-valutation-2021-5-1030572865?utm_source=markets&utm_medium=ingest), but some investors on Reddit are pledging to avoid the IPO. + +The trading app, which launched in 2013 with the mission to "democratize finance for all," [**publicly filed**](https://www.sec.gov/Archives/edgar/data/0001783879/000162828021013318/robinhoods-1.htm) for an IPO Thursday. The company said it planned to make 20%-35% of its [**shares available to retail investors**](https://markets.businessinsider.com/news/stocks/robinhood-is-reportedly-setting-aside-35-of-its-ipo-shares-for-retail-investors-1030572400?utm_source=markets&utm_medium=ingest) through the IPO Access function in its app. Luring retail investors could cause price volatility and short selling, Robinhood said, potentially [**setting it up for a meme-stock play**](https://markets.businessinsider.com/news/stocks/robinhood-ipo-warns-meme-stock-status-day-trader-reddit-wallstreetbets-2021-7?utm_source=markets&utm_medium=ingest). + +Despite the company making shares available to the retail crowd, some Redditors shunned the idea of investing in the stock, and others warned against shorting it. + +"Why would anyone frequenting this sub even be thinking about the IPO, let alone wanting to throw away money shorting it," said [**one Reddit post**](https://www.reddit.com/r/Superstonk/comments/oc7q0k/whats_up_with_the_dont_short_robinhood_posts_just/) with more than 4,000 votes on r/Superstonk. "Just forget Robinhood altogether. Let them go down in lawsuits and loss of customer base." + +In its filing, Robinhood warned of more than [**50 lawsuits it's facing**](https://markets.businessinsider.com/news/stocks/robinhood-ipo-filing-lawsuits-restrictions-meme-stock-trading-frenzy-gamestop-2021-7?utm_source=markets&utm_medium=ingest) from when the app halted buying of GameStop shares amid the epic rally in January. Another Redditor, citing the filing, noted the company said it cannot assure similar events won't happen in the future. + +"If this last statement is not a sign to get out of Robbing the Hood, I don't know what would," [**read the post**](https://www.reddit.com/r/Superstonk/comments/obsyo1/feds_seize_robinhood_ceos_phone_in_gamestop/), which received 36,000 votes on r/Superstonk. In response, another person with 8,000 comment karma said, "Who would buy their IPO with so many lawsuits looming?" + +"We apes buy stock we like. And we do not like that stock," said another. The Redditors did not immediately respond to Insider's request for comment. + +In the r/amcstock investing thread, several warned against shorting the stock, saying, "[**it's a trap**](https://www.reddit.com/r/amcstock/comments/oc1ull/dont_short_robinhood_ipo_its_a_trap/)." + +"When Citadel sees you shorting them, they will buy and hold and bleed us dry," [**read one post with 3,000 votes**](https://www.reddit.com/r/amcstock/comments/oc5ywx/if_you_short_robinhood_ipo_you_will_kill_our/). "We will be giving them money to cover their shorts with. Don't play their game." + +Because Robinhood is a commission-free trading app, much of its revenue comes from [**payment for order flow**](https://markets.businessinsider.com/news/stocks/robinhood-payment-for-order-flow-q1-impact-reddit-day-traders-2021-5?utm_source=markets&utm_medium=ingest), which is the compensation brokerages like Robinhood earn by having third-party firms execute customer orders. In its S-1 filing, the company said four market makers accounted for 59% of the revenue as of the end of March, with Citadel alone making up 27%. + +"Best thing you can do is ignore them, and move your account," one Redditor said of the IPO. + +Robinhood did not immediately respond to Insider's request for comment for the story. +With the flippening close at hand it would be phenomenal if we could get Vitalik as a guest on the Joe Rogan podcast. It would be incredible not just for the price of ether but for the greater understanding of the platform and its inevitable mainstream adoption. Joe Rogan as most of you are surely aware is an incredibly influential personality on the web with the ability to reach millions across all walks of life and he has previously hosted Andreas Antonopoulos for a 3 hour discussion about bitcoin. https://www.youtube.com/watch?v=1sOxtBiBpE4 + +Let's work together to get Vitalik on the Joe Rogan experience. With enough demand, guests end up being bumped onto the show very quickly. Everyone here stands to benefit from this arrangement so let's do all we can to make it a reality. One of the main producers who is responsible for arranging guests on the podcast is this guy named Jamie Vernon… + +This is his twitter... https://mobile.twitter.com/jamievernon?lang=en + +And this is his instagram... https://www.instagram.com/jamievernon/ + +Let's try to appeal to him about having Vitalik as a guest. It might be a good idea to DM Joe Rogan directly on twitter but given his high profile, it's unlikely to get through... unless of course there is a coordinated deluge of requests… We need a lot of people to work in concert on such an effort… + +If in the event that we can make this a reality, all holders stand to benefit tremendously along with all the idealists. If anyone knows anyone connected to Vitalik, let's please float this idea by him. The fact that some magic internet money is up 5000% since January and is about to overtake bitcoin's dominance in the global crypto market should be of interest to even the most uninformed layman. To say nothing of Ethereum's various speculative technological benefits… LET'S DO IT! AWAKEN THE HORDE! + +- UPDATE + +From my personal inbox... + +"Vitalik is interested :) + +from ashajaywalk sent 3 hours ago + +Hey someinvestorguy, + +I'm Vitalik's assistant. I noticed the couple of posts you've been making about getting Vitalik on the Joe Rogan Podcast. While it did get a lot of negative comments, it also did gain a good amount of traction and upvotes. + +So I texted Vitalik and he said he's interested, and to see if we can get things set up. + +From what I know so far, Twitter, a popular reddit thread, and getting in contact with Jamie Vernon is how we can get things started. + +You've made 2 posts about this so far which got ~600 upvotes. You're obviously putting in the work to make this happen. If you could xpost it to more subreddits, that would be great. + +And I'd love if we could brainstorm on how we could get this to work. + +Cheers! + +-Asha" + +Original screenshot... http://imgur.com/a/ZhUT8 + +So Vitalik is willing... we just need to get the attention of Joe Rogan's team and it will likely happen which benefits us all. Sign the petition and voice your support. +I'm also starting a new project that might +make much more money but it might not +work out too, but just like the first one I +have people working for me so I still have +time, what do I do. +My father passed away in 2003 and I finally saved enough money to buy him a headstone. My mother wasn’t able to afford one when he passed and we ended up having a nameless grave. I feel like he is finally put to rest. + +Edit: Thank you everyone for your very kind and heartfelt responses. My heart goes out to everyone who is in a similar situation. +It is not a great investment , but back in 2009-11 I invested in BAC between $5.00-8.00 range. I own it in multiple accounts, but in one account I got 6,999 shares over 2 years period of time. I was receiving only 0.2 shares initially(dividend cut). As of today, I have 14,335.098 shares of BAC in that account because of DRIP.Over first few years it was hardly 10 shares per quarter. I am now getting 300-400 shares per year. Looking at all the past drips, I am surprised at how fast it grew recently. + +I only invest in value stocks as I get quite nervous buying at market highs. DRIP helped me a lot because of more shares I get for a given amount. + +Just sharing to let others know that it can happen. +Seriously. + +I just blew my account on a single trade. Months of gains down the drain. + +I have learned more from this trade than I have learned from months of trading. + +For me, the key lessons are: + +**Never, ever be greedy.** + +Never contemplate over lost gains. + +Don't say to yourself: "Why did I close this early? The price kept going my direction. I could have made so much money." + +You closed your trade based on the information you had at that point in time. It might as well have gone against you. + +Nobody ever went broke from taking profits. + +In my case, I went broke from being greedy. + +**No trade is better than a bad trade** + +Be like a machine. Stick 100% to your strategy. + +If a trade does not fit your strategy, don't take it. + +A week with no trades is better than a red week. + +**Never use high leverage** + +You might think you are safe. I thought so too. Went through thousands of trades with 5x+ leverage - never, ever got liquidated. + +Then I got hit by a "Black Swan" wick. The largest wick I have ever seen. 10% drop in less than 5 minutes. Liquidated me on the spot. + +From now on I'll stick to a leverage of 2x or lower. + +**Don't let negative P&L fuck with you** + +I had multiple opportunities to get out of my trade with a 1% loss. + +I didn't take them. Why? Because I had become allergic to losses. I had gone weeks with a 90% winrate. Most I had lost during that time was $50. I couldn't bear having a 1% loss. So I didn't close my trade, even though I should have. Don't be me. + +**Revenge trading** + +Don't do this. Luckily I blew up my entire account, so I wasn't able to do it. + +I've funded my account again now. But I won't be doing any revenge trades. + +I've scaled down my size to 5% of what it was previously. + +My first trade after the fuck up had a P&L of $3. + +It will take me months to get back to where I was. I've already accepted that. I focus on the percentage gains now. + +There's no way I'm taking a break. I love this stuff too much. +Seriously. + +I just blew my account on a single trade. Months of gains down the drain. + +I have learned more from this trade than I have learned from months of trading. + +For me, the key lessons are: + +**Never, ever be greedy.** + +Never contemplate over lost gains. + +Don't say to yourself: "Why did I close this early? The price kept going my direction. I could have made so much money." + +You closed your trade based on the information you had at that point in time. It might as well have gone against you. + +Nobody ever went broke from taking profits. + +In my case, I went broke from being greedy. + +**No trade is better than a bad trade** + +Be like a machine. Stick 100% to your strategy. + +If a trade does not fit your strategy, don't take it. + +A week with no trades is better than a red week. + +**Never use high leverage** + +You might think you are safe. I thought so too. Went through thousands of trades with 5x+ leverage - never, ever got liquidated. + +Then I got hit by a "Black Swan" wick. The largest wick I have ever seen. 10% drop in less than 5 minutes. Liquidated me on the spot. + +From now on I'll stick to a leverage of 2x or lower. + +**Don't let negative P&L fuck with you** + +I had multiple opportunities to get out of my trade with a 1% loss. + +I didn't take them. Why? Because I had become allergic to losses. I had gone weeks with a 90% winrate. Most I had lost during that time was $50. I couldn't bear having a 1% loss. So I didn't close my trade, even though I should have. Don't be me. + +**Revenge trading** + +Don't do this. Luckily I blew up my entire account, so I wasn't able to do it. + +I've funded my account again now. But I won't be doing any revenge trades. + +I've scaled down my size to 5% of what it was previously. + +My first trade after the fuck up had a P&L of $3. + +It will take me months to get back to where I was. I've already accepted that. I focus on the percentage gains now. + +There's no way I'm taking a break. I love this stuff too much. +Hello everyone, + +I just found this sub recently and have enjoyed reading all of the discussion that goes on about "boring" dividend stocks! After the market crashed in March last year, I figured it was the best opportunity to start investing that I was going to find for a good while. I consistently put away a fixed percentage of my paychecks into my brokerage no matter what the market looked like (although it was mostly green, to my luck lol). I thought I would show my top 10 holdings by total value, share my investing philosophy, and hopefully receive any feedback or advice from you all. (Yield and P/E are pulled from Nasdaq). + +&#x200B; + +|Ticker|Sector|Value|Yield|P/E (TTM)| +|:-|:-|:-|:-|:-| +|ADM|Consumer Staples|$456.51|2.72%|17.69| +|TROW|Financials|$415.80|2.19%|16.29| +|GD|Industrials|$401.52|2.70%|14.98| +|MMM|Industrials|$390.10|3.25%|19.32| +|QCOM|Information Technology|$384.15|1.79%|25.30| +|TXN|Information Technology|$378.50|2.34%|30.09| +|JNJ|Health Care|$374.97|2.42%|30.23| +|WBA|Consumer Staples|$363.74|3.62%|(N/A, negative EPS)| +|VZ|Telecommunications|$353.16|4.57%|12.63| +|O|Real Estate|$347.83|4.50%|51.62| + +Honorable mentions: T, AFL, ABBV, PFE, MCD, USB, NUE. I also own 2 ETF's: SPHD and VYM. + +My main goal for dividend investing is to buy companies that pay a steady AND increasing dividend, and buy them when they appear to be "undervalued." There are a lot of ways to determine the worth of a company, but I personally like to find strong companies whose P/E ratios are currently below the S&P 500 average, or whose P/E ratios are below their typical level. I am a huge fan of the Dividend Aristocrats, as they have increased their dividends consistently through **multiple** market crashes. Keep in mind that not every Aristocrat is a good buy at any time though; some may be on the verge of falling off the list due to the climate of the market (ie. a global pandemic). I also prioritize healthy payout ratios and steady dividend growth over high yields. If you are buying a company with a yield over 4-5%, do some research to be confident in that company's ability to keep paying that yield in the future. + +I made an active effort to have at least 1 or 2 companies in each sector to diversify sector-wise (NUE for materials, O for real estate, VZ, T for telecom., TXN, QCOM in IT). Another goal of mine is not let any one company take up more than 5% of my portfolio. Currently, ADM is sitting at \~4.5% of the total value, so I'll probably not be buying more shares at least for a little while. + +Going forward, I will continue my habit of stowing away a percentage of my paychecks for dividend stocks. It really is a weight off your shoulders when you just buy and hold, and when you don't have to worry about the market being in a bubble, etc. One of my favorite sayings is, "Time in the market > timing the market." + +Anyway, I'm looking forward to any feedback, advice, or stock picks you all might have! Happy investing! +I am curious to know if you have yourself or know someone who by investing in mutual funds for long term was able to get the returns as shown in mutual fund calculator. +Mutual funds have been promoted very much recently. Me and my friends are also investing in it after seeing the return numbers. + +But I have not met anybody or know anyone who had invested in mutual terms in long term and gained the returns. + +It may be due to my background where most of elders see stocks as "jua" but I would like to know your experience on mutual funds long term investment. +Howdy folks, lurker here branching out with my first post - I do not claim to be an expert and I am constantly trying to learn and better my analysis. + +Disclaimer: I only own 1 share of $LMT (I felt I couldn't write a DD without owning *at least* 1 share) as I decided to pickup some value companies (£IAG, $GE, $UAL and $PSEC) who at the time I felt were trading at extreme lows. I am not a financial advisor, and this is not financial advice – this piece has been written to educate, invoke thought and discussion within the subreddit. Please do your own research/DD before making any investment and remember that any money invested into the stock market is at risk of loss. + +TLDR: Buy $LMT, conservative upside of 10.5% + growing dividend. + +**1.** **The Business (Revenue %)** + +Lockheed Martin (NYSE: $LMT) are an American security and aerospace company/defence contractor who operate through 4 business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. + +**Aeronautics (40%)** + +The largest area for LMT with 40% of revenue. In 2020, sales continued to increase with +10.9% increase in sales, +12.8% in profit and a healthy margin of 10.8% vs 10.6% in 2019. The highly successful F-35 program continued to shine with increased sales volumes. The delivery of aircraft to multiple international partners has allowed a degree of stability to revenues as LMT continues to ramp up production. + +**MFC (17%)** + +LMT produces precision aerospace and defence systems for over 50 allied country militaries with a number of contracts with the US military complex. The standout Terminal High Altitude Area Defence (THAAD) and Joint Air-to-Surface Standoff Missiles (JASSM) continue to be popular products with increasing volumes sold and are the largest increases to operating profit in this sector vs 2019. + +**RMS (25%)** + +One of the more diverse portfolios within the business and comes with a very high employee count with 34,000 employees working under the banner. This sector includes radar systems, electronic warfare, logistic systems, and helicopter programs. The standout performer is the Sikorsky helicopter program which boosted volumes and operating profit throughout 2020 vs 2019. + +**SPACE (18%)** + +Highly classified and an increasingly popular sector for investors in general looking for growth opportunities. The launching of a Space exploration ETF by ARK, SpaceX rockets sending astronauts to the ISS and investor fervour in Virgin Galactic Holdings ($SPCE) have made space exploration in-demand. SPACE includes Space Launches, Commercial & Government satellites, and strategic missile lines of business. LMT are currently building a NASA Orion spaceship for the next flight to the moon by 2024, which will land the first woman on the moon. + +**2. Financials** + +The YoY growth in the numbers really speak for themselves, as well as the record order backlog that LMT had in September 2020 ($150Bn). I am not too concerned with the margin decline in the Space sector as volume/production continue to ramp up across the business. + +&#x200B; + +|**Income Statement**|**2019**|**2020**|**Growth**| +|:-|:-|:-|:-| +|Total Revenue|$ 59,812,000|$ 65,398,000|9.3%| +|Net Income from Continuing & discontinued Operation|$ 6,230,000|$ 6,833,000|9.7%| +|Net Margin|10.42%|10.45%|0.3%| + +&#x200B; + +|**Sector Profit**|**2019**|**2020**|**Growth**| +|:-|:-|:-|:-| +|Aeronautics|$ 2,521|$ 2,843|12.8%| +|MFC|$ 1,441|$ 1,545|7.2%| +|RMS|$ 1,421|$ 1,615|13.7%| +|Space|$ 1,191|$ 1,149|\-3.5%| +|Total|$ 6,574|$ 7,152|8.8%| + +&#x200B; + +|**Sector Net Margin**|**2019**|**2020**|**Growth**| +|:-|:-|:-|:-| +|Aeronautics|10.6%|10.8%|1.7%| +|MFC|14.2%|13.7%|\-3.5%| +|RMS|9.4%|10.1%|7.5%| +|Space|11.0%|9.7%|\-11.8%| + +[https://news.lockheedmartin.com/2021-01-26-Lockheed-Martin-Reports-Fourth-Quarter-and-Full-Year-2020-Results](https://news.lockheedmartin.com/2021-01-26-Lockheed-Martin-Reports-Fourth-Quarter-and-Full-Year-2020-Results) + +**3.** **Discounted Cash Flow (DCF)** + +*Numbers in 1000’s, 5th February* + +Enterprise Value $104,301,121 + +Shares Outstanding 280,103 + +&#x200B; + +Current Value $337.04 + +Upside $35.33 + +Intrinsic Value $372.37 + +Assumptions: 10% market return, 2.5% perpetual growth, WACC 9.01%, risk free rate 1.14%. + +After running my DCF model I have concluded that there is a conservative upside of 10.5% in LMT through to 2023, not including dividends. I can add the spreadsheet containing my assumptions as part of the comments if people are interested. + +**4.** **Dividend** + +(As of 29/01/2021) + +Current Dividend: $2.60/quarter + +Yield: 3.23% + +Pay-out ratio: 44.4% + +Chowder rule: 13.0 + +LMT have increased their dividend for a consecutive 18 years with a current 5 year average growth rate of 9.8%. This strong growth combined with a pay-out ratio <60% and an A- credit rating displays the strength of LMT and their ability to pay a dividend to shareholders. + +**5.** **Weaknesses** + +Now why shouldn’t you invest in LMT? Well, there are a number of reasons: + +ESG + +Let us face it, LMT develops weapons which will be used in conflict zones resulting in instability and death. You the investor are placing money into this system. Similar to Altria Group, some investors do not want to put their money into something they cannot morally agree to profit from (smoking). + +US Government sensitivity + +71% of 2019’s net sales came from the U.S. Government. Increased public scrutiny on the high US military spending combined with the 50/50 senate, could cause a slow creep away from profitable contracts. The Biden administration could also shy away from defence spending, coupled with further withdrawal from conflicts could cause a decline in revenues and margin. + +[https://www.lockheedmartin.com/content/dam/lockheed-martin/eo/documents/lockheed-martin-fact-sheet.pdf](https://www.lockheedmartin.com/content/dam/lockheed-martin/eo/documents/lockheed-martin-fact-sheet.pdf) + +Price + +At $337/share, I imagine the average retail investor would balk at having to spend $33,700 in order to pick up a recommended 100 shares. + +TLDR: Buy $LMT, conservative upside of 10.5% + growing dividend. + +Disclaimer: I only own 1 share of $LMT (I felt I couldn't write a DD without owning *at least* 1 share) as I decided to pickup some value companies ( £IAG, $GE, $UAL and $PSEC) who at the time I felt were trading at extreme value. I am not a financial advisor, and this is not financial advice – this piece has been written to educate, invoke thought and discussion within the subreddit. Please do your own research/DD before making any investment and remember that any money invested into the stock market is at risk of loss. +In my first year of real estate I've had many duties annoyances. + +1. Setting up Tenants payments(normal) +2. Pipe exploded in bathroom +3. Flooding foundation wall +4. Section 8 housing annoyances. Long paper work processing, inspections... +5. Appliance repairs +6. Roof repairs +7. HVAC repairs + +This all ran me 10k and a lot of my time. This is a warning to all people entering real estate. I'm happy I bought the property but there is absolutely no free lunch here. +My dad died a couple months ago. The estate stuff took forever, but I finally started getting the disbursement. Dad worked in a transmission factory, so he wasn't wealthy. But he had a few hundred thousand dollars saved that are now mine. It'll be about $5,000 a month before taxes for five years. + +I miss my dad, but this is my way out of poverty. It's life changing. If I'm smart and I stretch this out, it's the ticket to paying off my debt, catching up on bills, and maybe going back to school. I can trade in my old beater for a more reliable car. This is literally the ticket to the middle class for me. + +So, I'm kind of happy and excited, but I still miss my dad, and I'm really sad that he died. And then I feel kind of guilty for being happy that my life will be better. + +I guess I'm just venting, I've got a lot of feelings right now and not much to do with them, and I'm not sure who to talk to about them. + + +Hey everyone, I’ve been investing on BSC for a while and I want to share something new with you. To be honest, I’m usually very objective and dispassionate about investments, but something about the PinkPanda DeFi community has made me much more excited about it than anything before. + +It’s a utility coin for a mobile app on both iOS and Android that will support decentralized trading on BSC with 5x leverage. Like, TrustWallet but much much more powerful. And they released the FIRST VERSION OF THEIR MOBILE APP after only a week of development! I’ve never downloaded an app so fast tbh. If this doesn’t prove the credibility of the devs, nothing does. ALSO: the founder is doxxed. + +And, of course, the chart. It’s a thing of otherworldly beauty. It goes up a shit ton, corrects a bit, and then keeps going up a shit ton more. The momentum is insane. Check it out yourself--you’ll be shocked. + +Now, as I mentioned, the community is the best thing about this coin. Please just humor me and TRY IT--hop into the Telegram chat and see for yourself. These pandas are OBSESSED and are constantly chatting, shilling, and buying. + +Why does everyone like pandas? Because they’re calm, reassuring, steady, and cute. So is PinkPanda imo. I don’t go to sleep worrying about my money. I sleep peacefully knowing that the Panda community has got my back. + +Obvious stuff: contract renounced, LP locked, doxxed founder, audited by Dessert Finance. + +💬 TG: https://t.me/PinkPandaDefi + +🌐 Website: https://pinkpanda.finance + +🚀 Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 +As the title says I wish to be banned from this sub as I see this all the time come up on my popular feed and do not wish to see this sub or care about it. And I like to use the popular feed to see the random stuff on reddit. do not want to cause any issues. Thanks + +&#x200B; + +Well looks like this back fired on me holy crap. Think it is a bit funny how much attention this is getting. Looks like I poked the ape with a pointy stick got put on a rocket and this post went to the moon. Thank you for the awards and karma +All the related news on Chinese media has been taken down (articles on WeChat, Weibo, Southeast China Post, etc.). But the story now forever lives on the ethereum blockchain at block height 6007493. If anything, THIS is decentralization and censorship resistance. + +Etherscan Transaction: [https://etherscan.io/tx/0xb1ed364e4333aae1da4a901d5231244ba6a35f9421d4607f7cb90d60bf45578a](https://etherscan.io/tx/0xb1ed364e4333aae1da4a901d5231244ba6a35f9421d4607f7cb90d60bf45578a) + +Report on Futurism: [https://futurism.com/unsafe-vaccines-china-blockchain/](https://futurism.com/unsafe-vaccines-china-blockchain/) +The title pretty much asks the question. We are considering a private island. I'm not talking about a 10M fully staffed mansion in the middle of the ocean, rather a cabin on solar, septic, etc in a beautiful spot, probably north of Ontario. Estimated acquisition cost of around 700k. + +Has anyone ever done this? Is it insane? + +Edit: thank you everyone for your replies. There are several headaches I had not considered and it sounds like even those who have them wouldn’t recommend it. We’re still probably going to look at it, if for no other reason than to get out of town for a few days. +Hi Everyone + +Since most people get to buy/sell real estate properties (flats, lands, commercial , etc.) only few times in their lifetimes, everyone learns something or the other that they wish they knew before. + +**What was your learning?** + +It could be related to + +* tactics from real estate agents +* some obscure law that you didn't knew about +* something you realized you should have thought of checking/considered before buying that land or flat, etc. +* legal issues or missing some documentation or due diligence +* etc. + +Want to pool your experience and learnings together for everyone to learn from! + +Footnote: Originally posted on r/india but no traction whatsoever. Hoping to get helpful responses from here. +Real estate prices soared into unbelievable levels between 1990-2000. People who bought lands before then become millionaires and millionaires before billionaires. But other than 20 year time period, has real estate ever been that profitable? + +Three examples I have seen : + + +1. I have seen many people having lakhs and sometimes even crores worth of empty land earning absolutely nothing and they work for around ₹75000 per month and then lamenting there is no opportunity. + + +2. I know of a family who have an ancestral land that is worth lots of money. But three generations of the family have never seen a single rupee from that plot of land. I mean if you, your parents and your grandparents and even your children have not profited from an investment, that investment is pretty much worthless in my opinion. + +3. Retired people taking all their retirement money and then taking a loan to buy a flat which probably gives 1-2% rental yield. +Edit (6/7/2021): Made some significant additions and refinements to the content here (had to cut a bunch due to character limit :( + +>Thanks u/redchessqueen99 and the Mods for choosing to drop the coveted " Not-A-Cat Golden Bananya Award" award on this. Too bad the primary contributor on this was my financial advisor who is a cat (I just plagiarized him) + +[Gooby wearing a captain hat \(don't remember why\)](https://preview.redd.it/nso6dqcr1v371.png?width=447&format=png&auto=webp&s=1dbc6532556c7429a7976d75d71f204be5a3b7bf) + +# Personal note + +Feel free to use the contents of this post however you want. Don't worry about asking for permission to copy it, cross-post it, translate it, refine and use it in your own posts, etc. + +Leave a comment if you have any questions. If you prefer Chat or do not meet karma requirements, you can hit me up on chat as well + +>Note that, while I may have a good grasp on the concepts broken down in this post, my background is not in finance, investing, or trading, so there may be some questions I do not have the answer do (especially if they are not called out in this post) +> +>Also, there is always the possibility some info in here is not quite right, so if you see something off, let me know and I will fix it + +I have found myself more active on [Twitter](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) than I ever really expected to be, so feel free to [follow me](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) if you want things like the below: + +* Antagonizing Market Adversaries, MSM Shills, etc. +* Memeing with SuperStonk and the other Apes in the community +* Getting Notifications for Future DD I post + +Finally, I am of Norse ancestry and love coming up with catch phrases that I later translate to Norsk (Norwegian). I stamp this post with the below: + +>Hedgies, velkommen til helvete. Vi kommer for tårene dine. + +# Intro + +This post will give a *relatively* simplistic breakdown of the current situation and landscape of GameStop Stock, or GME as it is known on the New York Stock Exchange. It will summarize the theory that it will soon reach astronomical levels during a market, or the Mother of all Short Squeezes (MOASS) Thesis. + +The core intention of the post is to summarize the MOASS Thesis and the key market concepts associated with it for investors who are not fully up to speed on it, as well as those who are newer to the stock market in general, and are interested in investing. + +**That being said, this writeup is NOT intended to serve as a source of proof/evidence behind this theory, and it operates under the assumption that the theory is valid and that the conditions it is built on are met.** + +For those who intend to dig further into the evidence supporting the theory, there is a massive amount of research and due diligence on r/superstonk that has been performed and documented around this theory that can be found [here](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share), though it is recommended to use this post to get a basic understanding before digging into the Due Diligence. + +Here is the chart at time of last edit (6/7/2021) + +[Price breaking out BOLL Bands \(key indicator that price movement is getting strong pressure upward\)](https://preview.redd.it/imigm50evu371.png?width=1546&format=png&auto=webp&s=8d269e45128a37586852f383e65346df656a5745) + +# Important terms to know before getting into the “Explanation” + +These terms are key to understanding the theory and speculated value of a GME investment. Hyperlinks to [Investopedia](https://www.investopedia.com/), "the world's leading source of financial content on the web", have been included for most market terms and concepts and it is recommended to check them out if they are not clear. We will be breaking down some of the more complex terms and concepts within the post and framing them within the context of GME. + +## Long Position / Buying/Selling Stock + +* Not to be confused with a [long-term](https://www.investopedia.com/terms/l/longterminvestments.asp) investment +* When an investor buys a stock they are considered [long](https://www.investopedia.com/terms/l/long.asp) on it +* In other words, holders of long positions have a **positive** number of shares +* To [close](https://www.investopedia.com/terms/c/closeposition.asp) a long position the owner would sell their shares on the stock market + +The basic idea behind obtaining long position is: + +1. Buy the stock +2. Hold it until the price of it increases to a desired amount +3. Sell it for a profit + +When people think about buying and selling stock they are generally talking about opening and closing long positions + +## Short Position / Shorting/Covering Stock + +* Not to be confused with a [short-term](https://www.investopedia.com/terms/s/shorterminvestments.asp) investment +* When a short seller shorts a stock they hold a [short position](https://www.investopedia.com/terms/s/short.asp) on the stock. This is essentially the polar opposite of a long positions (kinda) +* Investors with short positions effectively are *in debt* or *owe* the number of shares that they have shorted and can be considered ***negative*** on the stock +* To close that position, short-sellers must buy a number of shares equal to the size of their short position (buying to close a short position is known as [covering](https://www.investopedia.com/terms/s/shortcovering.asp)) +* Short positions must be reported to regulators (unlike naked short sales) + +The basic idea of obtaining a short position on a stock is: + +1. Borrow a share owned by a lender +2. Sell the stock that was borrowed +3. Gaining the cash based on the price it was at the time it was “shorted” +4. Pay interest as a percentage of the stock's value +5. Since this is a percentage the cost of interest increases if the stock's value increases +6. Hold the position until the price has dropped to a desired price +7. Buy the stock on the open market +8. Ideally the stock is bought back at a lower price than originally borrowed for so the investor can pocket the difference +9. Return the share back to the lender + +## The Float + +[The Float](https://www.investopedia.com/terms/f/floating-stock.asp), or Floating Stock is the number of shares of stock that are available to be publicly traded (the number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) minus the amount of [Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) that are owned by insiders). + +* In theory, the number of shares owned by [retail investors](https://www.investopedia.com/terms/r/retailinvestor.asp) and [institutional investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) cannot exceed the float +* SPOILER: GME is believed to have ownership amounting to 200% to 400% of the float if not more due to a something called [naked shorting](https://www.investopedia.com/terms/n/nakedshorting.asp), which is a key part of the thesis that is covered more later +* GME’s float total is currently \~[56.89 Million](https://finance.yahoo.com/quote/GME/key-statistics/) shares +* It is important to note that institutional investors own \~25M-30M of the floating stock +* If institutions were to hold during MOASS (not a guarantee though many are expected to), then the amount of shares publicly would be somewhere around \~25M-30M. This means there would be even less supply when the short sellers finally have to cover + +## Retail Investors + +* Retail Investors, also known as individual investors, are your average investors (not a company or organization) +* "Dumb Money" + +https://preview.redd.it/haqavhb34v371.png?width=1600&format=png&auto=webp&s=8815fbf9c98e7d7ff6bcda1f121c318c6c5e0c66 + +## Institutional Investors + +* Institutional Investors are organizations that invest on individuals' behalf +* Examples of Institutional Investors +* Endowment Funds +* Commercial Banks +* Mutual Funds +* Hedge funds +* Pension funds +* Insurance companies + +[Just a couple of the \\"good guys\\" \(there are many more \\"bad guys\\"](https://preview.redd.it/9yk0w1ywyu371.png?width=640&format=png&auto=webp&s=205e9cfa487fe12d25ffc7425f3f9c0aff595817) + +## Market Makers + +>I'd encourage you to read the Investopedia entry for them for more clarity + +* [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) are very different from "Investors" and are a bit harder to explain but basically are there to increase [liquidity](https://www.investopedia.com/terms/l/liquidity.asp) in the market +* When you buy and sell stock those trades are often going between you and a market maker +* Market makers get "special rules" that enable them to keep liquidity in the market when there is low liquidity +* Naked shorting is one of the options Market Makers have when navigating a trade that other investors do not have + +## Naked Shorting + +* Naked shorting effectively allows a Market Maker to short a stock without having a borrowed share like normal short selling +* The result is similar to a short sale +* Naked short sales do NOT have to be reported the same way as normal "Short Sales" and can be "hidden" +* GME is expected to be shorted around two to four times the float, despite the fact that [Short Interest](https://www.investopedia.com/terms/s/shortinterest.asp) only accounts for \~20% of the float, meaning most of the shares are shorted via naked shorting +* This type of trade illegal outside of specific situations involving Market Makers +* Due to a loophole and lack of oversight by regulation, Naked short selling can be used to manipulate the price of certain stocks +* Naked shorting was targeted for tighter regulation during the financial crisis of 2008 but enforcement has unfortunately not been effective in preventing it from manipulating the market + +[#NakedShorting](https://preview.redd.it/zmv6atr7wu371.png?width=716&format=png&auto=webp&s=63a9385035982eddffb0a06a848020379f383136) + +# Prime Brokers + +* A [**Prime**\-**Broker**](https://www.investopedia.com/terms/p/primebrokerage.asp) is a bundled group of services that investment banks and other financial institutions offer to hedge funds and other large investment clients that need to be able to borrow securities or cash in order to engage in [netting](https://www.investopedia.com/terms/n/netting.asp) to achieve [absolute returns](https://www.investopedia.com/terms/a/absolutereturn.asp) +* Broker vs Prime Broker + * A broker is an individual or entity that facilitates the purchase or sale of securities, such as the buying or selling of stocks and bonds for an investment account. A prime broker is a large institution that provides a multitude of services, from cash management to securities lending to risk management for other large institutions. +* Market Makers like Shitadel go through Prime Brokers + * The Prime Broker is who would Margin Call Shitadel if their short position gets too large or they bleed too much capital + * Prime Brokers are the entities that + +https://preview.redd.it/p81afmc5wu371.png?width=720&format=png&auto=webp&s=9bee9f7781e0f9844197f88f5071875bfab9f7cc + +## Synthetic Shares + +* [Synthetic Shares](https://www.investopedia.com/terms/s/synthetic.asp) are the financial instruments that get produced by Naked Short sales +* Often referred to as "Counterfeit" shares (though they may be called this they are just as legitimate as a non-synthetic share) +* Synthetic shares entitle the owner to all of the same rights as an investor owning a non-synthetic share +* Cases where there is an excessive amount of synthetic shares point to the possibility that a stock is being abused or manipulated + +## Failure to Deliver + +* [FTDs](https://www.investopedia.com/terms/f/failuretodeliver.asp) occur when a buyer of a stock ends up not having the money to purchase the stock that they traded for OR, **when a short seller does not own the stock at the time of settlement** +* FTDs are one of the main check-balances to naked shorting, so very high amounts of Failures to Deliver are indicative of this + * Spoiler: GME and AMC have tons of FTDs reported + +## Margin + +* [Margin](https://www.investopedia.com/terms/m/margin.asp) is basically credit that that an investor can use to buy more stock +* When you buy on margin you must stake the assets you have already purchased with your own cash as collateral +* The amount of Margin you can have depends on the value of your collateral +* The value of your collateral and cash but meet the margin requirements in order to continue to buy on margin +* Keep in mind the value of your collateral can change if the price goes up or down and if the value of your collateral/cash drops below the margin requirement you will received a [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) Another way to think about it: + +1. Imagine I have $1,000 in stock +2. You obtain a personal loan for another $1000 +3. To get the credit you stake your $1000 in stock (if you default it goes to the lender to cover your debt) +4. You buy $1000 more stock with that loan (you now own $2000 in stocks, half in cash half on margin) +5. You will pay interest on the $1000 on margin but if your investment makes more money than the interest then you are still profiting +6. If your investment turns bad (lets say the price of your stock falls 50% and you are left with $1000) your lender can forcibly close out your positions (everything you bought in cash and staked as collateral along with what you bought on margin so that they can get the $1000 they loaned you back) + +## Margin Call + +* A Margin Call is a notice indicating you have a specific amount of time to deposit enough of your own funds to meet your margin requirement (if you cannot meet the requirement the lender is entitled to sell all of your holdings to recover what you borrowed + +https://preview.redd.it/cf25o9zu0v371.png?width=1920&format=png&auto=webp&s=934a471bad29cb194afa7bb8f6dd40d222c57324 + +**Examples:** + +>This is a slightly complicated scenario that can be a little hard to follow. Give it a few reads if it doesn't make sense the first time, but basically, Margin is a credit line that you can use to buy more assets (effectively a loan backed by collateral and cash in your own account). If you buy assets with it, you have to pay back what you borrowed, whether the value of your investment goes up or down (if the investment goes up in value, you make more than you normally would, but if the investment goes down in value, you lose more than you otherwise would have without margin). +> +>This gets even more (or less maybe) complicated when you have short positions AND long positions, like most institutional investors. To have short positions, I still need to have margin, but I do not need to use it to buy stocks, It can act as a buffer if I have a short position on a stock that is increasing in value (with a short position, if the price of something I short goes up, I am losing money), and if it gets too high, it can run against my margin line, causing a margin call. + +**Positive Margin Example (Long Positions only):** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes up to %25 per share, and I sell all 20 shares, I just profited $500 (+$25 on 20 shares) + 1. In this case, closing the position clears me from the margin debt, as I am no longer using it in an open position + 2. If I had not used margin, I would have only walked away with $250 in profit ($25 per share on 10 shares), but instead I made $500, and paid back the credit, plus a little bit of interest. +5. Yay. + +**Negative Margin Example (Long Positions and Short Positions):** + +**THIS IS THE RELEVANT ONE TO GME** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin +3. Instead of using the margin to buy more, I instead short 10 shares of stock YYY which is at $50 a share currently (giving me $500 in extra cash), which I use to buy 5 more shares of stock X + 1. I am now long 15 shares of stock XXX valued at $1500 and short 10 shares of stock YYY valued at -$500 (negative $500) for a net value of $1000 + 2. No margin is actively committed to open positions, and I am still using my $1000 +4. Now, lets say a short squeeze happens involving stock Y, causing the price to skyrocket to $200 per share + 1. My short position is now -$2000 (10 shares of -$200 each) +5. My net account value is now $-500 ($1500 - $2000) which is now using my margin, and because my account's value is no longer above $800, I no longer meet margin requirements so I get a margin call +6. If I cannot balance my account, the lender will liquidate my $1500 in stock XXX in order to pay the -$2000 I owe, leaving me with -$500 left in debt + 1. I have now defaulted, as I cannot pay the $500 +7. Now that I have defaulted, the lender who gave me margin owns my short positions, meaning they are now short whatever was left + 1. The lender can now navigate the short positions however they want (they can hold them and hope the price goes down, and cover to close them, or they can close them immediately, costing them the whole $500 I still owed) +8. GUH! (Translation if you are not WSB: Ah @#$%) + +# Margin Calls Who Calls Who (I Think) + +* Margin calls happen at levels 1-4 when the cell to the left cannot meet margin requirements + * Broker Margin Calls Retail Traders + * Prime Brokers Margin Call Brokers, Hedge Funds, and Market Makers + * The NSCC Margin Calls Prime Brokers +* Defaults roll up left to right + * If Retail Trader defaults, Broker must take on their leftover positions + * If Broker, Hedge Fund, or Market Maker defaults, the Prime Broker must take on their leftover positions + * If Prime Broker Defaults, the NSCC must take on Position + * If the NSCC Defaults, the Fed must take on the position + +|Level 1|Level 2|Level 3|Level 4|Level 4| +|:-|:-|:-|:-|:-| +|Retail Trader|Broker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Market Maker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Hedge Fund|Prime Broker|NSCC (DTCC)|Fed (JPOW)| + +# + +[GUH](https://preview.redd.it/ukfc5srx0v371.png?width=1920&format=png&auto=webp&s=f55eeab5afa6a9e998007828785815cb502de0f2) + +# Short Squeeze + +* A [Short Squeeze](https://www.investopedia.com/terms/s/shortsqueeze.asp) is a market event that occurs when there is a large short position on a stock whose price rapidly increases higher than expected, normally due to a catalyst +* During the short squeeze, the losses of those who have short positions continue to increase higher it goes + * Since they **owe** shares, the cost to cover their position increases depending on how high the price goes (there is theoretically no limit on how high a stock can go) +* As market participants who are short on the stock buy to cover, supply decreases and demand increases, causing the price to increase even more rapidly +* While short sellers are scrambling to cover their positions, the rapid price change may entice investors who are not short on the stock to buy it in order to make a quick profit + * Again, lowering supply and increasing demand + +# The Mother of All Short Squeezes (MOASS) – Explanation + +Now that we have gone through the many important terms, we can get to the theory behind MOASS. + +Due excessive short-selling and naked shorting of GME by certain market participants (primarily large hedge funds and market makers), retail investors and long institutional investors collectively own a number of shares that exceeds the the float. The amount of shares that are currently owned is theorized to range roughly between **200%-400%** of the float **if not more**, meaning that 100%-300% of the float has a corresponding short position (mostly naked shorts). For context, most stocks generally have around 1% Short Interest, and 10%-20% short interest is considered to be excessive, let alone over 100% of it. + +Short sellers must eventually close, or cover, their short position + +* The only way to do that is to buy the shares owned by the investors who are long + * in the meantime Short-sellers are paying interest on that short position until it is closed proportional to the cost of the shares, which bleeds their capital over time +* Unfortunately for the short sellers, the owners of the shares **ARE NOT** obligated to sell their shares. + * The short-sellers, however, **ARE** obligated to buy in order to close their position (or else keep paying interest) + +So what happens if no one is selling the shares they are “long” on, but short sellers need to buy them? + +* Supply and Demand + * With very little supply and high demand, the price of a stock can increase far beyond its fundamental value + * If short sellers receive a margin call due to no longer meeting their margin requirement and are unable to meet it in time, their assets will be forcibly liquidated by their lender in order to pay back the margin, as well as close out the position if the borrower defaults + +If you are wondering why an organization would abusively short a stock like this if they eventually have to cover their positions: + +* If a company goes bankrupt or gets delisted from the stock market: + * The short sellers DO NOT have to close the position + * All of the proceeds from the short sale effectively disappear from their books + * They do not even have to pay taxes on this profit + +Short positions amount to the total number of long positions minus the float, meaning (based on the theorized range) that somewhere between \~56-170 Million shares will need to be bought in order to close all short positions + +* It is expected that the members with short positions (hedge funds and market makers who have been naked shorting the stock) will be unable to cover their short positions, resulting in a situation where their lenders, all the way up to the clearinghouse (DTCC) will have to sort out the positions +* If the DTCC/NSCC is forced to unwind the positions, it is widely believed that they will rapidly cover short positions at whatever price they are available for (this is how their systems are said to handle a member default), liquidating whatever assets are necessary from the defaulting member + +# Final thoughts... + +This is the GME MOASS thesis. GME is a stock that stands to hit an unprecedented price point due to the fact that manipulators of the market have failed to bankrupt GameStop thanks in huge part to [the Legendary Keith Gill AKA u/DeepFuckingValue](https://en.wikipedia.org/wiki/Keith_Gill), [Ryan Cohen](https://en.wikipedia.org/wiki/Ryan_Cohen), and all of the GME investors who took part in this saga. It may not be today, this week, or even this month, but one day soon, these toxic participants have no choice but to buy the stock to close out their short positions. + +In some schools of thought, it is thought that these participants over-estimated how "reasonable" retail investors can be (who could be dumb enough to hold a stock as it fell from almost $500 to $40?). In truth, these manipulators didn't understand the demographic they were fighting with. Gamers are some of the most stubborn people on the planet. These are individuals who will sink tens of thousands of hours into the same video game because "they just like it". Well, "we like the stock", and to us, the adversaries on Wall Street just are just another "boss". We may have needed to retry a couple times, but we always win eventually. On top of that, they pissed off reddit, and under no circumstances, should you ever piss off reddit. + +At this point, if you are still reading this, know that it is up to you to decide your next move, whether that is to do some due diligence of your own, walk away, or say screw it and buy a few (or a lot of) shares just in case we are right. Many of us have set our floor (minimum amount of acceptable gains) at $20,000,000 per share, and you might think that is crazy, but in truth, we know we can pick our own price if we hold long enough. We don't care if anyone else buys or not, because we know the outcome is inevitable. Time is running out for the toxic market participants involved, and even the news can't hide that we are on the brink of a massive market event that will ripple through the entire global financial system, and we will probably never see an event like this again in our lifetime. + +**This is a fight Wall Street, Shitadel, Melvin Capital, and ever other toxic party is not going to win against the "dumb money"**. Chances are this will truly be "**THE MOASS**", meaning there will never be another like it in our lifetime (or ever). While the conditions in play (the ability for big money to brutally manipulate the market) enabled what may end up being the greatest transfer of wealth in history, actual reformation to prevent a landscape like this from forming again is probably best long term (I say this as a pragmatist, and am honestly very far from an idealist). If you want to influence reform, Buy, Hold, Vote. If you are just here for the tendies, Buy, Hold, Vote. + +# TL;DR + +Toxic Market Participants and Hedge Funds have massive naked short positions open that they are unable to close because retail traders are refusing to sell. The FTD Cycle forces participants with naked short positions to obscure their short positions and uses bizarre options strategies to satisfy FTDs, which costs money to do. Since they cannot close these positions until retail traders sell, any participants who are subject to interest will continue paying it based on the interest rate and value of the stock. The Market Manipulators are just about out of capital, and new regulations and DTCC rules are making it more difficult for them to control the price movement of stocks like GME and AMC. + +Eventually, the prices of these stocks will get so high that prime brokers will have no choice but to margin call these participants, who will likely be unable to settle all positions, causing them to default and make the prime broker take on the position. The prime brokers will then try to settle the positions, but if they are not able to unwind the positions either, they will default up to the NSCC, which will attempt to settle all positions they took on based on their Recovery and Wind-down Plan. If they cannot afford to close everything, they basically default to the Fed, who will most likely print money to address closing the positions. + +Super TL;DR + +Margin calls happen everywhere and force all shorts to cover their positions or go bankrupt. The NSCC Omega Brrr Cluster liquefies all hedgies and covers as much GME, AMC, etc. as they can. If the NSCC cannot pay everything, it fails up to the Fed and JPOW to print money to get us out tendies and hedge fund tears. + +# Hedgies, velkommen til helvete. Vi kommer for tårene dine. + +# Hedgies, welcome to hell. We come for your tears. + +>Looking for brokers that won't be like RobbingHood and screw you over during MOASS?[https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) +Long story short, unaffiliated people are impersonating us on Twitter and it's causing major issues. Do me a favor and follow our new official Twitter so I can get us in front of this stuff. All other accounts are impersonators. If we've got some Twitter staff on the sub, checkmark us up. + +https://twitter.com/Official_WSB + +No cringe boomer posts, we're just looking to auto-publish subreddit ticker stats so nobody can lie about what we're talking about and slide into DMs to get shit done for the sub. That and cut off people laundering our *credibility* for crypto scams and whatnot. +Newly constructed Townhome, that I am looking as an investment property to be leased out, is in a growing part of DFW. Local real estate is hot, so there is always the risk of buying at peak, but I see a lot of retail and office space being created, so post covid, I see huge potential. + +Looking at the numbers, townhouse is \~$430k, 25% down and with a 8% vacancy, all costs included would be $2600. Current rent estimate for comparable new leased apartment is $3500, so I am expecting at least $3200 in rent. [Here](https://imgur.com/a/X69ShHk) is the calculation. It's barely cash flow positive for the year at \~$2k, but I have factored in all possible expenses. + +Wife is worried that a) I am buying at the peak, b) rents wont necessarily increase over time if there is a downturn, so my barely cash flow positive property will turn negative, not to mention drop in property prices. + +Would like to know your thoughts. I think I may be experiencing the "fear of missing out" syndrome, so would love to get some unbiased feedback. + +Edit: Forgot to add. Charles Schwab, a Fortune 500 company, moved its SF HQ and has set up shop 1/2 mile away. Other employers in the area are Fidelity and TD Ameritrade. +On average how much do people invest per month? Curious to see what the answer is here, I’m trying to figure out what proportion of my salary to put in seen some wild numbers on here either people are earning a shed ton or have huge balls 😅 + +Edit - Age and percentage would be interesting as well +The mod of another massive subreddit just did an interview with Fox news, and the level of cringe is beyond comprehention. The sub in question is another sub trying to shake the status quo, though in a very different way than us. Wich means MSM and the current establishment is of course antagonostic against it, just like they are towards is sub. + +And their mod just played right into MSMs hands, and looked like an absolute tool on national TV. + +Go watch the interview, and you will understand what I am talking about. I know our mods recieved a lot of offers to do media apearences, and I just want to use this as an example as to why that would be a terrible idea. + +Never do media. The only way to win is to not play their game. + +Edit: the sub in question is antiwork. The mod in question apparently did the appearance even after a sub poll (much like the one we did here) told em not to, and seemingly acted against the wishes of the bulk of the subreddit. If I didnt know any better I would say the whole thing smells *shilly*. + +Is this something we can see the MSM do to our sub as well? Compromise 1 single individual, that does not represent the users of the subreddit, to make us all look bad? You fucking bet they will at least try. + + +Edit 2: antiwork seems to be in full meltdown. Let this be a lesson. A single rogue individual can set us back by a lot. I wouldnt even put it past MSM to pull out a fake "mod" for this sub and make them seem just as cringe or worse, to discredit us. +Why on earth would I buy fake real estate, play shit card games or using crappy avatars in some potential virtual city? + +I rather stick with playing fun and classic games like DOOM, Fallout,Halo, Fortnite, cod, Battlefield, animal crossing, mario the list is endless. + +These metaverse coins have insane valuations and have nothing to show for it, with low active user counts and shit games to play. + +Mana is a shitty browser game +Axs is a boring card game + +And most of these coins will take 5-10 years to finish why? + +BECAUSE GAMING DEVELOPMENT CAN DECADES TO COMPLETE. + +Just make your money and cash out before it dumps lol. +Due to an accident a few years ago I won this much in a settlement yesterday. I'll spare the details for anonymity. + +I grew up in a working middle-class family, and consider myself fiscally humble and don't plan to blow this on extravagance at all. + +Ideally, what's the smartest thing(s) I can do to stop working as soon as possible (or work minimally doing something I love)? + +My circumstances: I'm currently renting. I have a part time job and a side hustle as a coach for a niche sport which bring in about $70K combined. I have a uni degree in something not very useful. I have a brother I'd like to help with a house deposit and my parents I'd like to help a little. But I'd really like to invest almost all of this in a way so that I'd have to work zero to little for the rest of my life. I don't know anyone who has wealth to advise me other than those who bought multiple properties before they were stupidly priced. + +I plan to find a financial advisor, are there firms who deal specifically with people who come into inheritance or very large sums of money like this? +Soooo I made a post on this sub awhile ago now about how I lost my job suddenly and had all these payday loans coming out every week/fortnight and was stressed as hell about it. + +I called the national debt hotline who gave me a financial counsellor. They advised me to call the loan companies and get them paused — wow why did I now know this was a thing? Most companies were fine to deal with, one gave me a date that the pause would be lifted ON the day I saw my counsellor aaaaaah!!!! + +I met with a counsellor and we went through my finances. Things have to change we know that. She sent some emails off to the loan companies for me pausing them further. + +I will meet with her again at the end of the month and we will contact loan companies regarding paying them back in small instalments ($5 a week etc). + +I also got a job! It’s only 9 hours a week but it’s something — foot in the door. My first pay check is in 6 weeks and then fortnightly which is frustrating as my shoes have holes in them!!! + +Other than that life hasn’t changed much —- still sleep in a car, shower every like 8 days :(. + +But thanks to this sub for recommending the hotline as I am very impulsive and was ready to escape my debts forever wink wink. + +So yeah cheers to all the messages, people who offered to help (one kind redditor got me a hotel room before the interview so I could have a good sleep and shower and I aced it - got the job on the spot!). + +Now the goal is to perform well at this job. Get a second job. Get new shoes. + +Thanks to everyone!!!!! +as a new investor, I've been really dabbling into everything and learning. and you know what's the most fucking annoying thing? when I ask a God damn question about something completely unrelated to crypto and someone tells me to "just buy doge/bitcoin/ethereum/etc" . + +like bro I'm fucking NEW. first off I never asked about crypto and second off shut up. we all know about crypto. we know. we get it. but here's the thing. telling new investors to "just buy bitcoin it's the future!11!11" is how you make people lose money. + +hopping on trends and putting your money on a literal fad/trend like doge (I feel like the hype is more emotional than logical), is literally just the most ignorant thing ever. on top of that crypto goes 24/7 and is super volatile. meaning you could buy ethereum, see a +.05% profit, and go to bed. you wake up and since you're new and don't even know stop losses exist, you wake up and see that it dropped significantly in such a short amount of time. + +as a new investor you're more likely to panic sell here. on top of that, if you try to HODL thinking it'll go up, if you put money in something like a fad/trend because "bro it's the future!!1!11" and people dip out the trend, it only goes more and more down. + +telling new people to invest in such a highly volatile and scary thing, especially when stuff like doge which felt like a fad in the first place, is beyond aggravating. + +stop it. when a new investor asks a question just answer their question. it is super aggravating for me especially because I get so annoyed by people that just tell me "bro bitcoin bro bro doge bro!!" when you're like less than a few months into everything. + +EDIT: just for clarification that's not my experience as a new investor with crypto. I don't want to touch crypto until I have more experience but in terms of me being a new investor and asking questions, that's how I feel. constantly just being told to hop on a crypto. Also, it's not a bad investment. I'm not saying you shouldn't invest in crypto. Again, I did not have this happen to me. but I worry this will happen to someone who is way newer than me. +In your opinion are 30-year gilts as good as they look? + +30-year gilts are around 5%. Does that mean a guaranteed 5% for 30 years!? If so that’s a total of over £111,000 in the end. That’s very tempting even with interest rates taken into account. + +Is anyone else considering this option and if so what do you consider the drawbacks and positives to be? +I recently won 80k on a scratchcard and I have around 15k in savings leaving me just shy of 5k from paying off my mortgage. My 5 year fix ends in May and I'm thinking of paying it almost all off + +Having a house paid off sounds great but would I be better off investing the money instead? + +What are smart ways to play this? I'm sure by the time my fix ends rates will be around 5pc for mortgages. +Over the span of the past 24 hours, Ultra has demonstrated that it's ready to be the next big thing. + +&#x200B; + +Ultra has managed to dwarf the previous world record, reaching 5,000 holders in 22 hours. The high level dev team has gotten a beautiful site made, audit, coingecko listing, and is currently in contact with CEX's for potential listings. Soon 10,000 holders is being approached and the supermax vault is close to being cracked open. This will bring huge influencers on board, partnerships, and another audit. + +&#x200B; + +With this rate of progress, Ultra is no copycat, projects from around the crypto-sphere will be putting everything they have to replicate a run like UltraSafe's. If you're wondering about being early, billboard ads, plane banners, NFT marketplaces will be released in the near future. + +&#x200B; + +Developers also just recently held in AMA, you can check with them in the TG for a quick recap, with their competence and connections, a safemoon run may even be FUD. + +&#x200B; + +Website: [https://ultrasafe.finance/](https://ultrasafe.finance/) + +Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) + +Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) +Hello everyone, I am new to trading options. I opened a brokerage account, that allows me to trade options for 2,5$ per contract. (There are no zero commission brokers in Europe) + +I found the perfect stock for spinning the wheel on. I would not mind owning that stock and the IV is around 40 to 30. I now started to sell 14 or 7 DTE CSPs with a Delta around 0.25. I make around 0,7 to 1% on my capital for each contract I sell, which is awesome and the underlying is a dutch dividend aristrocrat, that has little price movements and that has not that huge of a downside in market situations such as covid or the current circumstances. + +I saw that a lot of people buy their puts back before they expire OTM. Why is that? I would have to pay another 2,5$ for each contract. If I just let it expire worthless and continue selling another contract on monday I do not have the additional costs. Is there something I am doing wrong? + +Edit: Thank you so much for the answers. I now know why I should close my positions with 80-90% profits. This community is really outstanding. I thought that this was a stupid question to ask, but you really helped me and there is a lot of constructive discussion going on here. Cheers thetagang, looking forward to sell options with you guys! +Alright, ya fucks, I'm gonna get straight to the point. + +*If GameStop hits 800 before 2/26 we will trigger the Mother of All Short Squeezes* + +As we learned from the last spike to 483, it was **not** the shorts squeezing. *As Melvin* ***admitted*** *in the Congressional Hearing that they did* ***not*** *cover and the spike was from* ***gamma****.* + +If you do not know, this "gamma squeeze" occurs because of call options. As the prices surges, Market Makers are forced to write more calls and buy shares before they even become available, surging the price higher. + +So, now because we have fallen all the way back down to $40, we have a catapult cocked down as far as it can go, ready to be launched. + +There are *millions, and millions, and* ***millions*** of shares written in those call options all the fucking way up to 800. These shares are not only buried in the 2/26 calls, but also every single date after this as well. ***So many fucking shares.*** + +If we can get to 800 and *all these calls become* ***in the money*** the Market Makers will have to scramble to buy millions and millions of shares that will surge the price up. + +The craziest part is that this does not even take into account the shorts covering. So, as the Mother of All Gamma Squeezes squozes, sending the price into the thousands, the shorts will then also be skyrocketing the price at infinitely higher prices. + +If you did not read my last dd [here](https://www.reddit.com/r/wallstreetbets/comments/lnvvu3/why_gamestop_was_going_to_cause_a_collapse_of_the/) about GME short interest being 400%, we learned that u/thabat ran an AI-generated model of GME’s stock price, which predicts a squeeze target of an extreme ***$130k a share.*** + +Now, while I then believed this to be a completely outlandish number, I now believe to have realized that this gamma squeeze that will occur if we hit 800, ***is what it predicted.*** + +*To reiterate:* + +*I believe that the AI-Model of GameStop's share price, which predicts $130k a share, is predicting this because it believes that we will hit 800 before 2/26, therefore causing the* ***M****other* ***o****f* ***A****ll* ***G****amma* ***S****queezes. Which will* ***then*** *trigger the infinity short squeeze which sends us to $100k+.* + +Many others are also starting to realize this as well, check out this post on r/stocks + +[https://www.reddit.com/r/stocks/comments/lrrcdk/gme\_gamma\_squeeze\_part\_two/](https://www.reddit.com/r/stocks/comments/lrrcdk/gme_gamma_squeeze_part_two/) + +While this is not financial advice, it is in my opinion that we need to do our best in holding and buying in order to get the stock price above $800 before Friday. This AI believes we fucking did it, lets prove the future right. + + 💎🙌 + +🚀 + +Edit: END OF DAY 2/26, just so some of you idiots realize lol +I am a dual national US-Italy and I just recently moved to Italy from the US for work. My U.S.-based credit cards give great rewards, but must be paid off every month in US dollars from US-based accounts. By contrast, my current salary is paid in Euro and I maintain it entirely in EU-based checking/savings accounts. I don't have significant amounts of money in my USD bank accounts, so in order to pay off these US credits cards I've had to go through the irritating process of converting euro from my European bank account to dollars (via wire transfers, TransferWise, etc.) All this to say, I am now looking for competitive EU-based credit cards that I can use instead of my US-based credit cards, but don't seem to be finding a lot of competitive cards that give points on transactions, etc. Could someone explain why the US-EU credit card markets appears to be so different AND/OR recommend some competitive EU credit cards that can be paid off in euros? Thanks in advance. +Alright fuck it. + +I've looked everywhere, searched everywhere, asked a bunch of people personally, and no one is brave, experienced or honest enough to have the balls and answer these questions about forex. If someone on here will do so, I would appreciate it a lot right now. + +I understand that there's a lack of reward for you to give out any information, but I would appreciate if you considered being the person you wished someone was to you when you first started out trading with no knowledge since that is what I am currently lacking since the beginning of my journey. + +What are the actual ways to LEARN how to be consistent? I know that there isn't a magical thing, day, or trade that will change everything, so I am willing to put in the hours, days, and weeks and I HAVE been doing that with forex but it seems like the more I learn the more there is to question! + +So I guess I want to see how some of you, see forex, and what goes on in your daily trading days. + +Did you watch videos? Read articles? Perhaps read books? Buy courses??? (To get to this stage) + +What does it TAKE to LEARN to trade forex consistently? + +I don't care about anything else but consistency right now, and I cant seem to get a full grip of what it takes to get there, because not many people or sources THAT I KNOW ANYWAYS will teach directly and be fully honest at all times. + +For any experienced traders on here in the forex industry, do you have any important sources, links, people, or books that come to mind when it comes to your early nooby days, that helped you? + +Perhaps the words "back in the day" will remind you of some things that helped you become the trader you are today? + +And if any of this was too much to respond to, LITEARLLY any summarised advice would be appreciated. + +Thank you in advance, I hope any help you give will be rewarded <3 +My folks are worth $10m+ tangible assets around $2m. I have one older brother who unfortunately is a meth addict. Typically have nothing to do with folks finances but starting to be involved in estate planning. + +My original ask was that 100% of the cash was put into a trust or annuity that would pay my bro on a monthly basis. Ultimately it was a selfish ask, if he received a lump sum he may kill himself (OD) or burn through the cash and come after me. + +Folks agreed to putting his half in an annuity instead, and giving me my half in cash. + +This weekend my pops asked if I wanted to be the executor of the Will, or have a trustee do everything for us on tangibles. The problem is that he cannot split up his home and it would be stupid to sell it. Paid for in cash in a very up and coming area in wine country. Get the feeling it would haunt him in the afterlife if we sold it, and so he... gingerly asked what I would like to do. Told him I thought a trustee would be more appropriate but second guessing that. + +What I would like to do is manage the properties, and split the cash flow with my brother. Just unsure how you could do that in a fair manner, because my assumption is they would have to leave the home to me to make that happen. + +Is there a way to essentially protect my brothers share of the home while allowing me to manage the property? Idgaf about the money, it’s not mine, and we’re simply trying to grow this for our kids. Not too optimistic on the future of humanity and those tickets to Mars are probably gonna be spendy. + +Appreciate any input as I’m out of my element here. Not asking what’s in my personal financial best interest, just trying to understand my options to fairly split up tangible assets. I don’t want to sell their stuff. +**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/n790ugjr9jv61.png?width=567&format=png&auto=webp&s=07845e5d4b41a4877dd6cd180ae1faa450adfc46 + +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/k2lc2u1t9jv61.png?width=624&format=png&auto=webp&s=ffbb6b197286b47782ede7f068f6648eacf492ae + +Out of the 35K buy recommendations made by the analysts, the average increase in stock price across the time periods were 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 analyst made the call and the stock price went up vs the SP500 index. + +https://preview.redd.it/y39cv6iu9jv61.png?width=623&format=png&auto=webp&s=5e24eec21c5018c01febdcdc234136935a0a01b6 + + 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/5cx0ov1x9jv61.png?width=624&format=png&auto=webp&s=50549713d2ae8696b3012add7dbc2fe68ddad8a0 + +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 asset 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.* +Now that I got your attention. What I am trying to say is, for successful algo traders, it is in their best interest to not share their algorithms, hence you probably wont find any online. + +Those who spent time but failed in creating a successful trading algo will spread the misinformation of 'it isnt possible for retail traders' as a coping mechanism. + +Those who ARE successful will not share that code even to their friends. + +I personally know someone (who knows someone) that are successful as a solo algo trader, he has risen few million from his wealthier friends to earn more 2/20 management fee. + +It is possible guys, dont look for validation here nor should you feel discouraged when someone says it isnt possible. You just got to keep grinding and learn. + +For myself, I am now dwelling deep in data analysis before proceeding to writing trading algos again. I want to write an algo that does not use the typical technical indicators at all, with the hypothesis that if everyone can see it, no one can profit from it consistently.. if anyone wanna share some light on this, feel free :) +TLDR; I’m a mom and seeing y’all eating ramen is stressing me the fuck out. The vast majority of our ape brethren are likely men, so I’m here to help. + +My kids are with their dad for the Summer, so I’ve been on a strict diet of ‘fuck everything else, buy more GME.’ No bullshit. I haven’t gotten my nails done in months and I’m eating the same damn thing everyday. Post-MOASS, I’ll be feasting on ribeye and filet marinated in the tears of the wealthy elite. Until then… + +Breakfast + +Smoothies: + +🚀 Bag of frozen fruit ($5-$10) + +🚀 One large carton of vanilla yogurt ($2.50) + +🚀 One bag spinach ($2.00) + +🚀 One carton of plain oats ($2.00) + +Total: $16.50 + +Blend one cup frozen fruit (no need for ice), 1/4 cup of yogurt, 1/4 cup old fashion oats (uncooked), handful of spinach, and add water or juice. Boom. Breakfast smoothie. + +Tired of smoothies? Cook the oatmeal and add honey, fresh fruit, and/or brown sugar. Boom. Healthy oatmeal. + +OR + +🚀 One dozen eggs ($2.50) + +🚀 One loaf of whole wheat bread ($2.00) + +🚀 Bag of grapes ($3.50) + +🚀 Bunch of bananas ($3.00) + +🚀 Box of blueberries ($1.50 + +Total: $12.50 + +Don’t like smoothies? Great, you save $17.00 and boom... Eggs, toast, OR French toast and fresh fruit. + +Lunch AND dinner: + +🚀 Big ass bag of rice (brown, basmati, white, whatever… I buy basmati… $8.00) + +🚀 Two cartons of low-sodium chicken or beef stock ($2.50/ea, $5) + +🚀 A bag of beans (black, red, garbanzo, whatever… I buy garbanzo) ($1.29) + +🚀 A large bag of frozen vegetables (I buy broccoli florets or mixed… $2.50) + +🚀 Three avocados (@ $1.50/ea, $4.50) + +🚀 Meat (optional).. I buy ground turkey or ground chicken ($5.00-$7.00) + +Total: $28.29 + +Grand total: $57.29 + +Pro tip: use chicken or beef stock instead of water to cook the rice. More flavor and it’s delicious. Cook your meat with salt/pepper/whatever, steam your veggies (you can cook your spinach and throw that in, too) cut up half of an avocado (when ready to eat. They go bad quick), and toss on top. + +You’ll spend under $100/mo if you buy the rice, oats, bread, eggs and meat in bulk. Frozen fruit can be expensive (fresh fruit is fine) but don’t spend more than $10/bag. + +Pros: These items are extremely versatile, easy to make, and will last you all week - if not longer. Budget-friendly and a million times better for you than ramen (high sodium content). Also, MORE GME. + +Cons: You’ll never want to eat a single grain of rice again when this is over. + +If you have other healthy meal suggestions, drop them in the comments. + +Take care of yourselves. 🚀🚀🚀🦍🤘🏻 + +Edit: I’m not worthy, but thanks for the awards. Legitimately want everyone here to be happy and healthy. ❤️ + +Suggestions from our ape brothers and sisters added are in the comments. + +u/bvttfvcker (lmfao, I love this sub): Tired of Rice and wanna treat yourself to some protein? Quinoa is fuckin hella cheap as well. + +u/PollutionNice7392: Ever try boiling an old boot? + +u/KateSoundsGood: Protip. When cooking rice with stock dont use more salt. Stocks has plenty. + +I also cook grits with stock. + +Mmmmm. Soooooo good. + +Mainly use veggie stock. + +u/PrecariouslyLevel: Also, make sure you add garlic. Butter garlic sticky rice (I use medium grain) is great stuff even when you're not trying to budget. + +Potatoes are cheap, filling and HIGHLY nutritious. You can live for months at a time on just potatoes -- the longest I did was three months, but then I had to break for travel. Add a little dairy and you've got a diet that supported people in great health for hundreds of years. I'll blow a couple of extra pennies to keep up on the nutrition side. +>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in April on a seasonally adjusted basis after rising 0.6 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 4.2 percent before seasonal adjustment. This is the largest 12-month increase since a 4.9-percent increase for the period ending September 2008. +> +>The index for used cars and trucks rose 10.0 percent in April. This was the largest 1-month increase since the series began in 1953, and it accounted for over a third of the seasonally adjusted all items increase. The food index increased in April, rising 0.4 percent as the indexes for food at home and food away from home both increased. The energy index decreased slightly, as a decline in the index for gasoline in April more than offset increases in the indexes for electricity and natural gas. +> +>The index for all items less food and energy rose 0.9 percent in April, its largest monthly increase since April 1982. Nearly all major component indexes increased in April. Along with the index for used cars and trucks, the indexes for shelter, airline fares, recreation, motor vehicle insurance, and household furnishings and operations were among the indexes with a large impact on the overall increase. The all items index rose 4.2 percent for the 12 months ending April, a larger increase than the 2.6- percent increase for the period ending March. Similarly, the index for all items less food and energy rose 3.0 percent over the last 12 months, a larger increase than the 1.6-percent rise over the 12 month period ending in March. The energy index rose 25.1 percent over the last 12-months, and the food index increased 2.4 percent. + +&#x200B; + +Don't forget the base rate effect! This month's YOY number is inevitably higher because last April we saw a big bout of deflation. +Funny trend I noticed + +**2018** + +[What is the fatfire "FI" number?](https://www.reddit.com/r/fatFIRE/comments/8q2tz5/q_what_is_the_fatfire_fi_number/) Consensus is $2.5M-$3M, most posters saying they could live on $100k/yr very comfortably. + +**2019** + +[What's your Fat FIRE number?](https://www.reddit.com/r/fatFIRE/comments/e6zefu/whats_your_fat_fire_number/) Multiple posters say $5M, although one sticks to his $2.5M target. + +**2020** + +[What’s your fatFIRE number?](https://www.reddit.com/r/fatFIRE/comments/k7k7k5/whats_your_fatfire_number/) Most posters now say $10M, there are a couple outliers saying $5M. + +**2021** + +* [There's no way $5M is enough to fatfire](https://www.reddit.com/r/fatFIRE/comments/qcu22r/does_anyone_think_they_couldnt_get_out_after_5m/) +* [Don't worry, if you move to a cheap European country like the Czech Republic you might be able to do with only $5M](https://www.reddit.com/r/fatFIRE/comments/qpynqg/dear_europeans_you_dont_need_10mil_to_fatfire/) +* [$10M is tight for multiple posters since they have kids](https://www.reddit.com/r/fatFIRE/comments/p0xdz4/with_a_10m_nw_target_that_lots_of_people_say_they/) + +Based on this very scientific study, the rate of inflation for a fat lifestyle is 59% per annum! My own observation: the amount of money it takes to be in the top 0.1% is increasing exponentially every year, because there are more people than ever winning "lotteries" (not to take away from their hard work!) through startups, crypto, etc. Given that there are a limited number of, for example, NYC penthouses in desirable neighborhoods, the competition among HNW individuals is red-hot, and this inflation isn't perceived by middle-class or even regular 1% folk. + Some people have asked about due diligence & research on stocks, so I decided to put this together. These are things to look at, when looking at a stock. + +&#x200B; + +Some of you may know me from my Due Diligence posts at [r/FluentInFinance](https://www.reddit.com/r/FluentInFinance/), but **below is my Guide on HOW TO ANALYZE & RESEARCH A STOCK, and what you should look at when evaluating a stock** (This is my checklist just build from years of wins & losses, things I learned from Pace University and Goldman Sachs). If I am investing large amounts of cash, I want to research thoroughly, so if the stock drops I can stick to my convictions, and forget about emotion. + +&#x200B; + +Before I use my time to research a stock, read up about it into detail, and dig into the financials, news, and 10-K, I check these **two** things first, to decide if I should use my time to dig further: + +1. I quickly look at **price upside**. I look to see what the analysts covering it, have to say about the price targets. (Money is a tool, and you want it to work for you). MarketBeat.com can show you this: [https://www.marketbeat.com/stocks/NASDAQ/AAPL/price-targe](https://www.marketbeat.com/stocks/NASDAQ/AAPL/price-target)t/ +2. I look quickly at the **charts and the technicals**. I try to read and interpret the charts to see what previous trading patterns can predict. What are the short-term, mid-term and long-term predictions? A site you can use to interpret the charts for you is BarChart.com and [TradingView.com](https://tradingview.com/) + +[https://www.barchart.com/stocks/quotes/AAPL/opinion](https://www.barchart.com/stocks/quotes/AAPL/opinion) + +[https://www.tradingview.com/symbols/NASDAQ-AAPL/technicals/](https://www.tradingview.com/symbols/NASDAQ-AAPL/technicals/) + +&#x200B; + +**If it passes these two quick tests, then I start to dig deeper. Other things I look at:** + +1. **Sentiment & News**. I Google the company. I search the ticket on Twitter. What are people saying? How do they feel? +2. **Earnings & revenue history.** Is there growth? Is there potential? I look at the financials and the projections. Are the making money? Will they make money? +3. **Growth**. I look into the financials to look at past growth. I look into news, 10Q's, 10Ks, investor presentations, and statements to look for future growth. Is there potential? +4. **Financial health**. Are the financials strong? (Quick ratio, Profit margin, EPS, Income Statement Trend, Cashflow). Can this company survived? Is it managed well? +5. I dig deeper into **technical analysis and the charts.** I look at RSI, moving averages, MACD, Stochastic Oscillator, etc. What is the Long term trend? What is the short term trend? +6. **Valuations**. How is this valuated? (PEG ratio, P/E ratio). Is it over-valued? Is it undervalued? +7. **Short selling.** How much of this stock is sold short? Are people betting against it? +8. **What is the put/call ratio?** Are people betting against this stock to go down? +9. **Peers & competition**. How does this company stack up against its competitors and peers? How do the financials compare? How to the products compare? Is there a moat? +10. **Institutional Sponsorship.** Are big banks and wall street holding this? How much or this company's stock do they hold? +11. **Insider Trading**. Is the CEO buying or selling shares? +12. The amount of **ETFs** that hold this stock. Will they continue to buy it up and drive price over time? +13. **Average volume** traded. Is this stock liquid? Would I be able to get my money back? How easy can I trade it? (The higher the volume, the thinner the bid/ ask spreads) +14. **Social sentiment**. I check what people are saying on twitter, reddit, and google search trends. Is it trending? +15. **News moves a stock.** So I also use google to find out as much as a company as possible. Are there potential catalysts that may move the stock? +16. **Management & CEO:** I check Glassdoor and Indeed to learn about the management of the company, and google their CEO. +17. For more tips or strategies check: [https://www.flowcode.com/page/fluentinfinance](https://www.flowcode.com/page/fluentinfinance) + +&#x200B; + +There are many sites, tools, or resources you can use to dig into a stock such as (1) Yahoo Finance, (2) MarketBeat.com, (3) MacroTrends.com, (4) MarketWatch.com, (5) CNNMoney.com, (6) [CNBC.com](https://cnbc.com/), + +&#x200B; + +I use an excel spreadsheet to organize my research: [https://www.flowcode.com/page/fluentinfinance](https://www.flowcode.com/page/fluentinfinance) + +Check my prior/ past reddit posts for other analysis/ tips at [r/FluentInFinance](https://www.reddit.com/r/FluentInFinance/), + +&#x200B; + +*Disclaimer: do your own research, make your own decisions because nothing is guaranteed, and I am not a financial advisor* +Hi apes! Yes I surprised everyone by showing up to the shareholders meeting today. Due to car trouble, I wasn't able to make it as early as I had hoped to be able to stream. Rough 24 hrs to get to Dallas for this meeting. But can't stop won't stop. + +I went and spoke to the gentleman standing outside HQ doors when I arrived, and was told only shareholders with certain proxy info were allowed inside, which I didn't qualify for as a broker held shareholder. Also that NO MEDIA PHOTOGRAPHY/ LIVESTREAM WAS ALLOWED ON THE PROPERTY- INDOOR OR OUT. But I was told we would be welcome to film from across the street. He also said he had heard of Superstonk which got me hype. + +Upon setting up, a CNBC camera man came and got a live feed of the apes that were set up there. He was a camera man, not a producer or interviewer. He was getting live B roll footage. Which yes, I got a little cute for and said hello. They asked for details to share with his producer about the apes. So I told him what subreddit we were members of, and that we like the stock. And I made it clear I DO NOT REPRESENT ANYONE. I am just 1 of many administrators and moderators on the subreddit. In fact, I made it very clear that there was NO ORGANIZATION because I didn't want the story twisted by mainstream media about why anyone was there. u/BodySurfDan was there for that conversation, as were several other apes. + + +**I DID NOT DO AN INTERVIEW WITH ANYONE.** + +**IF CNBC HAS FOOTAGE OF ME, IT'S HANGING OUT WITH APES AT HQ. NOT AN INTERVIEW.** + + + +After the meeting, I intended to stream with the apes that went inside and I was gathering them and talking to them to go live, but we were asked to leave the location immediately by the property owners. And that's when our livestream had to end, so as to respect the private property rules from the owner. That's it. That was the whole crazy 15 minutes. + +Hope that clears some BS up. I went through hell to get here and get a camera on HQ somehow. Hope the real apes understand. + +**Just had a civil conversation.** Haven’t done any interviews.✌ + +Edit: words, spaces, punctuation, and clarified a pronoun. + +Edit 2: when I said "we're talking to CNBC right now, say Hi superstonk!" Or whatever the exact quote was... I was literally talking about the live CNBC camera in our face, filming all of us. +Been here since January seeing all the ups and downs of this heavily manipulated stock. While trying to buy more every paycheck... + +I just want you all to remember. Nothing has changed. Trust the DD. + +* We own the float. +* They need to close their positions. +* The price is wrong. + +If you bought at 250 why wouldn't you buy at 160? + +**HODL!** *For holding is the way!!!* + +&#x200B; + +Not financial advice but if you need to hear it, check my latest and only hit (Featuring Britney): + +[https://www.reddit.com/r/Superstonk/comments/o72zta/you\_betta\_buy\_gme\_freebritney/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o72zta/you_betta_buy_gme_freebritney/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT: Please be careful about investing. Specially in a certain IPO that is being shown in ads here in Reddit of a certain trading app that steels from us to give to the rich. Please Inform Yourself! + +🚀🚀🚀🚀🚀🚀🚀🚀 +Hi everyone, + +I have been lucky enough to have recently gotten a lot of money through a startup that went public. This afforded me a decent payday and I'm now worth about $21-22M at 34 years of age. I'm planning on staying with the company for another couple years, the RSUs I will be vesting during that time should get me to around $30M net worth within the next two years. After that, I'm not sure what I'll do (I'll probably never fully retire, but actually work on what I find valuable and fulfilling, so might have to tap into my investments to maintain standard of living). + +I don't have a wealth manager so instead I'd like to run my current plan by you :-) + +I'm mostly invested in index funds (primarily VTI) and plan to continue liquidating RSUs and reinvest in broad market. I am holding \~4M in company stock that I am comfortable holding for a longer time period. I just bought a $3.1M house (with a $1.5M mortgage at <2% interest), by far my biggest expense (but seemed worth it for the upgrade in quality of life). I have an umbrella policy for up to $5M. I don't have a trust yet, but that's on my todo list. Probably getting married soon and hopefully kids to follow after that. + +Is there anything else I should be doing/am missing? I'm comfortable with my investments (HODL), but I'm not sure whether I'm missing anything else from a wealth management perspective. I was connected to some wealth managers but they all charge a ridiculous fee and I'd rather manage investments myself. + +Thanks for your input! + +EDIT: Thanks for all the responses! I can't reply to all, but created a comment on my own thread that goes into a bit more detail about my experience at the startup, since that was a common question. I can't pin that comment, so just a heads-up in case you're interested. +On many subs any mention of buying investment properties or becoming a landlord is met with down votes and pure negativity. How do you deal with it? I had no idea that so many people saw it as an evil thing until I experienced this. + +Edit: I realize that Reddit opinions aren’t everything and I can just not care. It does make me wonder whether it is a widely held opinion and I’m going to be judged by friends and family if I share though. +Hey everyone, I can’t quiet remember if I posted here before or on another sub but I am aggressively trying to reach FIRE at 45 years old, currently I’m 27F. Anyways I remember asking in the weekly discussion board if I should get a second part time job that does admin work to get that extra income and the overwhelming majority told me not to do it. + +I followed the suggestion of this group that said + +A- Improve upon your marketable skills + +B-Apply to higher paying roles and enjoy your weekends + + +I’m not here to reinvent the wheel and I’ve learned the hard way in many aspects in life. So I did what this amazing group has suggested. + + +I am happy to announce that I have just accepted a full time role and negotiated my ass off using some of the reference guides provided by you wonderful folks! I was able to get myself a 38% raise. From 105k/year to 145k/year. I am crying tears of joy and disbelief. + +I am not a software engineer, I am a bio-engineer but don’t be fooled it’s one of the lower end paying engineering fields and I honestly believed for a long time I was doomed because I live in a very high cost of living area. + +Now get this my current employer is now trying to counter with 50-60 percent raise and is trying to get back to me end of day with an offer. I AM FLOORED, by this. I can’t believe that this entire time that I was passed up for promotions, didn’t get my full bonus amount, worked 14 hour days in three different time zones that I could have been compensated 50% more!!!!!!!! + + +I will say I am grateful that with my one foot out the door they have finally admitted to my excellent work ethic and revealed my true market value. What’s nice is I will never accept anything lower and so moving on from this point forward will only be for higher pay and better benefits, and I am PUMPED. + + +I LOVE THIS SUB, and I LOVE YOU ALL. + + +Update : +Thanks to zacharyRD for finding the link to the negation reference guide + +https://www.kalzumeus.com/2012/01/23/salary-negotiation/ + +Also thanks for the supportive awards :) +Plenty of people are doing it every day, some have been doing it for a while and some have been doing it for a little bit. You don’t help anyone by placing that limitation on their thoughts. + + + +Also, every time you say “you can’t beat the market” a market beating fairy dies. +We're planning to start a family soon and we've started looking at nearby nursery costs in London. It's blown my mind a bit the numbers I'm looking at... 2k a month on average. + +This is a ridiculous amount of money and would require a lot of sacrifice and cut back to our lifes. We enjoy travelling, going out etc, spending on our hobbies but also save a good amount into ISAs and pension. + +I guess my question is how do you manage mentally. We can make it work but I just feel it would be so depressing those early years where all we can pay for our bills and childcare. + +Does it get better? Imagine year 1 to 4 is awful but after primary school starts it's back to normal? Unless we want another one +Over the summer I made a steadfast commitment to getting my 3 month emergency fund built, which is only about 15k. I'm saving $750 a month, which is exactly 15% of my family's post-tax income. In the 3 months since I made that change, I've had $1.8k in car repairs, $600 in vet bills, and $250 to cover a friend who got towed from our guest parking (our fault). Needless to say, the needle hasn't moved as I wanted it to, and I have to keep reassuring myself that, had I not made this commitment, I'd be in real trouble covering these costs. The end goal will come eventually. + +EDIT: Just to clarify - this is a two person budget! +https://www.nytimes.com/2020/08/06/technology/trump-wechat-tiktok-china.html + +The tiktok ban will probably result in the sale of TikTok to Microsoft. The wechat ban is going to be much more complicated. + +The executive order appears to include a ban on any financial transaction with Tencent. Tencent investments include reddit. +Users wield the WUSD a **crypto-backed stablecoin**, native to the WorkQuest platform when creating **a smart contract** between an employer and worker. $WUSD will be issued in three pools of **$WQT, $BNB, $ETH**. The users of the WorkQuest platform can use it to exchange for another cryptocurrency or withdraw to a bank card on the WorkQuest platform. + +WUSD primarily targets **employers and employees**, offering them an instrument to **guarantee the cost of work** performed to **avoid volatility** **and loss in fund value** when performing work on the WorkQuest platform. Moreover, getting paid in WUSD is **simpler** and **more beneficial** than any other cryptocurrency (let’s say, for example, Bitcoin) because a person need not rely on a significant market price change before getting paid. + +WorkQuest ecosystem includes two tokens: $WQT Governance Token and $WUSD stablecoin. The $WQT token performs a management function. It is used to vote for key aspects for the functioning and survival of the project in terms of risk management, as well as the business logic. The $WQT utilities include: + +🔹WorkQuest DAO management  +🔹WorkQuest Referral Program  +🔹Liquidity Mining  +🔹Paid Services on the WorkQuest platform  +🔹Reserve collateral Fund + +**$WQT token already listed on:** + +🏦 *CEX Exchanges:* + +🎇 **MEXC:** + +[https://www.mexc.com/exchange/WQT\_USDT](https://www.mexc.com/exchange/WQT_USDT) + +🎇 **BitMart:** + +[https://www.bitmart.com/trade/en?layout=basic&symbol=WQT\_USDT](https://www.bitmart.com/trade/en?layout=basic&symbol=WQT_USDT) + +💎💎💎 + +🏦 *DEX Exchanges:* + +🎇 **Uniswap (V2):** + +[**https://app.uniswap.org/#/swap?inputCurrency=0x06677dc4fe12d3ba3c7ccfd0df8cd45e4d4095bf&outputCurrency=ETH**](https://app.uniswap.org/#/swap?inputCurrency=0x06677dc4fe12d3ba3c7ccfd0df8cd45e4d4095bf&outputCurrency=ETH) + +**🎇 PancakeSwap (V2):** + +[**https://pancakeswap.finance/swap?inputCurrency=0xe89508d74579a06a65b907c91f697cf4f8d9fac7**](https://pancakeswap.finance/swap?inputCurrency=0xe89508d74579a06a65b907c91f697cf4f8d9fac7) + +**WorkQuest Token ($WQT) Contract:** + +**ETH**: [0x06677dc4fe12d3ba3c7ccfd0df8cd45e4d4095bf](https://etherscan.io/token/0x06677dc4fe12d3ba3c7ccfd0df8cd45e4d4095bf) + +**BSC:** [0xe89508d74579a06a65b907c91f697cf4f8d9fac7](https://bscscan.com/token/0xe89508d74579a06a65b907c91f697cf4f8d9fac7) + +**Important Links:** + +Telegram: [https://t.me/WorkQuestChat](https://t.me/WorkQuestChat) + +Website: [https://workquest.co/](https://workquest.co/) + +Twitter: [https://twitter.com/workquest\_co](https://twitter.com/workquest_co) + +Reddit: [https://www.reddit.com/user/WorkQuest\_co](https://www.reddit.com/user/WorkQuest_co) +I've been following /r/wallstreetbets for years. Usually just for a laugh as I am a stodgy buy and hold guy and don't speculate often. When I saw the $GME shit happening a week ago I thought it was pure stupidity and was not planning on investing. In fact, I bought some $GME puts (which I've since sold since somehow they've gone up based on volatility) betting against the crowd here. + +However, what has started as a decentralized short squeeze has morphed into a class movement. I'm a big populist and think we need big changes in this country, especially a transfer of wealth and power from the elites to the people. When this morphed into a class movement I became obsessed. However, I still wasn't going to buy in because I shy away from speculating on ultra risky stuff like this. But when Robinhood and all the other major brokerages colluded to cause a massive sell off, that's when it became a matter of principle. I've watched all day as the stock has remained relatively stable on very little volume. People are holding despite wall street twisting your arm and trying to make you tap out by only allowing you to sell. It's a beautiful thing to see. I don't think of my purchase as an investment, but as putting my own skin in the game as a fuck you against a rigged system. +I know during the “Reagan revolution” in the 1980s a famous change was cutting the top marginal tax rate down from 70% to 28%. I often read that this rate didn’t matter much since the rich did not pay those taxes. If so, were there other reforms or loopholes created? This is confusing to me because charts like these are pretty famous: + +https://b-i.forbesimg.com/louiswoodhill/files/2013/03/Income-Inequality-Chart-032713.jpg + +https://www.cbpp.org/sites/default/files/thumbnails/image/ineq-landing_landing.png + +And yet people argue the rich didn’t pay those high taxes. So were the rich just a lot less richer because instead of bargaining for super high salaries, they didn’t bother since it would be taxed so high? I’ve read the CEO salary is 350x or so the average employee vs much less in 1970. Or was reported income so much lower? + +I know lots of things could be contributing, globalization hollowing out jobs is one thing cited, union busting? But I can’t help but think it’s somehow connected to the Reagan administration’s decisions given when it started and knowing the significant shift in politics then? What am I missing? + +Edit: just wanted to add I’m aware this wasn’t just one US president but an overall shift that crossed party lines on consensus. Just used the name Reagan revolution since I have seen the whole thing called that before but didn’t mean to pinpoint it on him or anything. +Question from my dad: + +If California is considered to be the most overregulated and overtaxed state in the union, why is it that Santa Clara County (the bluest county in the bluest state) dominates economic output? +Welcome to the Community Discussion thread of [r/EthTrader](https://www.reddit.com/r/EthTrader/). + +This thread is a place for community meta discussion - to learn or make suggestions for how community members could be better served. Donuts are a welcome topic here as is non-donut related discussion. + +[Earn donuts for providing uniswap liquidity on the DONUT-ETH pair](https://cloudflare-ipfs.com/ipfs/QmajDWDWim8r6muJP1DgFysEAiWVYFf5spw9itY5MgX24W): 100k donuts distributed each week. + +[How to register for Donuts](https://www.reddit.com/r/ethtrader/wiki/donuts/how_to_register) + +[Previous Community Discussion](https://www.reddit.com/r/ethtrader/comments/nsxjw7/daily_discussion/). +This has been discussed in multiple contexts like by 'fully automated luxury communism.' + +Let's assume we can reach these astronomical bodies, that the materials they contain are worth several times more than the entire earth's GDP and we can ship these back at a tiny fraction of the cost - all these may not be true at the moment, but let's assume they are. + +What could be the economic implications of this scenario? Surely prices and the world economy will not remain as it is with the influx of this wealth? + I'm a 33 year old man and I just spent 40 minutes in Lloyds waiting to be served and the thing I needed doing wasn't available in the app. During those 40 minutes I didn't see a single person below the age of 30 in there, most of the customers were in their 50's. + +Then I went to Natwest and experienced the same thing, elderly people queuing up to transfer / withdraw money, completely app illiterate people. Big banks are on the way out and with challenger banks capturing the 18 - 30 demographic I think it's very likely challenger banks will be the future. + +Monzo, Revolut and Starling are the 3 main ones and I'll be buying these banks as soon as they eventually IPO. I honestly think in 20 years time the traditional banks will collapse and be replaced by these new challenger banks. As these banks get larger you'll start to see more services offered like credit cards and loans + +I've used challenger banks for 3 years and never had a single problem. You get near instant help via the app and everything can be updated or changed in the app. It's so convenient. + +With an aging demographic I think traditional banks are on the way out. +The holy trinity for flippers and DIY weekend warriors alike. White walls, grey laminate hardwood and quartz counters. Every single flipped home and rental property looks the exact same. In 20 years kids will ask if these were government issued reno supplies. Dare to have some style! +I'm slowly but surely crawling my way out of that lovely college student debt I incurred over four years and gaining financial independence. I've found out how insanely important meal prepping can be. + +Every Sunday, for about 2 hours, I cook and cook and cook. I make sure I make enough for my fiancé and I to have lunches for the entire week. That's all it takes, two hours! And like $40 in groceries. When I was really struggling for money, I would still find myself going out to lunch every single day and spending $10-$15 a meal. That's $50-$75 a week! Now I cook for two people for less than that. + +Just a little advice and personal success here - meal prep your heart out and your wallet will thank you. + +Edit: wow! Did not know how popular this would get. I can't keep up with replying to posts so I'll address two common comments here. + +1 - a lot of people keep bringing up the point that the "cost" of my time is not worth the meal prep and I beg to differ. These two hours I use are two hours that I would just be playing Overwatch or something like that. And the money I'm saving can work for me in paying off debts and investing, so personally it's my best option. I realize this doesn't work for everyone. I also can't take the easy way out with $5 boxes at Taco Bell or something similar as my body doesn't tolerate gluten which cuts out most fast food options. + +2 - every week I go to Aldi and stock up on brown rice, black beans, corn, ground turkey or tofu, a bag of chicken and some veggies. Most common meal prepped is burrito bowls. Which is 1 pound of ground turkey, 2 cans of beans, 1 can corn, 1 jar of salsa, and brown rice mixed with cumin, chili powder, garlic powder and coriander. Makes 12 cups of food at 1,220 calories total. I divide this up into six 2 cup containers. Then usually make chicken with veggies or gluten free pasta for the remaining two days of meals for us. Utilizing four burners, a stove, and a microwave all at once produces a surprising amount of food very quickly. I store it all in Tupperware for the week and it stays well. Some people recommend prepping and freezing as well. Are there some days where I dread eating the same meal and eat out? Heck yes, but it's not every day like it used to be. And my wallet and waistline has rewarded me greatly for that. +"I'd expect to see your real name and a record to prove it. Buffett-like investing as defined by people like you has been reduced to a set model by people such as yourself. To me, a lot of the thought and intelligence has been taken out of it.  + +I wrote about this on my web site under "Buffett Revisited." To me, his spirit of investing with intelligence has been lost in a sea of those simply trying to be pure imitators.  + +When he bought GEICO, AMEX, the Buffalo News, any number of his investments he was being as much contrarian as anything. He saw value in a a market dominance or a brand that others didn't. And the 10-year record of high ROE with earnings not skipping a beat wasn't necessarily there to prove it when he bought. But there was nonetheless a margin of safety. + +IMO, the biggest impediment to investing in the spirit of Buffett is the idea that somehow we can be a 100% imitator of him and see the same success. That anyone could be a perfect imitator of his approach strikes me as ridiculous. Try compounding the 10% difference between even your best imitator and Buffett over 30 years.  + +I don't have it down yet. But in terms of investing in the spirit of Buffett (rather than in his mirror image), neither does anyone else here that I can see. I'm young. I'm reading a lot and continuously reviewing and updating my approach as new revelations occur. Remember I said "Buffett-like stock for me," not you. If it was that easy for you to see, I'd be disappointed. I'm certainly glad I can't find anyone to agree with me on this. If anything, it indicates I'm headed in the right direction." +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +It’s hilarious how they are still forecasting y/y growth for almost all markets. Seems so ridiculous with what is going on. I am watching high end markets drop 20-30% and I can’t remember the last time I saw a sale- only price cuts. + +I hope the average consumer understands and doesn’t buy into it…. + +edit: + +this sub is clearly unable to accept the fact that the RE market isn’t looking peachy and free money anymore. i do wish you all the best. +We have been trying to contact our landlord for the past two weeks trying to get our next year lease signed. We had agreed to this lease over the phone but were waiting for the landlord to prepare them. They were never signed and our lease is up in 1 month. Last night one of the water lines broke on the exterior of the house (THANK GOD) we immediately tried to contact him with no response and with a little digging found his obituary. He's been dead for 22 days and we have no idea A, how to repair the busted pipe and B, what will happen with our living situation. No one has contacted us.... We're considering looking into a first time home buyer loan to see if we could purchase the property, but we don't know when we'll be contacted by the family. +The mod of another massive subreddit just did an interview with Fox news, and the level of cringe is beyond comprehention. The sub in question is another sub trying to shake the status quo, though in a very different way than us. Wich means MSM and the current establishment is of course antagonostic against it, just like they are towards is sub. + +And their mod just played right into MSMs hands, and looked like an absolute tool on national TV. + +Go watch the interview, and you will understand what I am talking about. I know our mods recieved a lot of offers to do media apearences, and I just want to use this as an example as to why that would be a terrible idea. + +Never do media. The only way to win is to not play their game. + +Edit: the sub in question is antiwork. The mod in question apparently did the appearance even after a sub poll (much like the one we did here) told em not to, and seemingly acted against the wishes of the bulk of the subreddit. If I didnt know any better I would say the whole thing smells *shilly*. + +Is this something we can see the MSM do to our sub as well? Compromise 1 single individual, that does not represent the users of the subreddit, to make us all look bad? You fucking bet they will at least try. + + +Edit 2: antiwork seems to be in full meltdown. Let this be a lesson. A single rogue individual can set us back by a lot. I wouldnt even put it past MSM to pull out a fake "mod" for this sub and make them seem just as cringe or worse, to discredit us. +This is for my new step son. He’s not expected to pay for anything but I want him to start learning about money, saving up for things you want, waiting/patience when you can’t afford something, etc...My dad did this when I was young and i think it teaches a lot of great lessons. He likes legos, toys, and Nintendo. He does a few chores around the house and I’d like to reward him for that as well as teach him some life lessons. +I simply post this as an example of my scenario, and how twists and turns have effected me. I sold my home in late 2020 thinking the market had topped. I made a substantial gain and still don't have any regrets, but left quite a few bucks on the table if I had held. I sold my business in early 2021, went fully liquid and put about 60% of my funds in the market. ( Consevative stocks leaning toward banks, apple, brk b etc. ) I moved from high cost CA to TX with no state income tax. Fatfired and hung it up. My wife and I decided to rent in a nice area. Our thinking was that we wanted to get the lay of the land, and... find the right area with some patience. I was riding emotionally high as my portfolio was up over 30%. We started looking at even higher priced homes ( which we really don't need) much to my wife's excitement. We then statred looking at doing a PAL with Schwab since we retired and had no income. I had reservations because we were in a 1 year lease and didn't want to potentially pay for a home and a lease. We decided to stand pat. Since then that 30% gain is almost gone. We are still in our lease until the end of the year, and have started to again look for a home. All of this in the first year of not working since I was 16. I'm very thankful for what I have, but I'm still up at 5:30am every day with not much to do. My mind has yet to slow down, going out to eat and traveling gets old quick, and Saturdays and Sundays seem like every other day. I still have not gotten use to spending money while not earning it, even though money is not a proplem. Anyone else out there experienced mental struggles in their first year of fatfire, and if so.. did you turn it around? +Does anyone else think Robinhood really isn’t that bad? It has its reasons for being “bad” but is it really THAT bad. Believe me I understand the hate but the app design itself, the utility and the amount of people that it introduced to investing seems like it should count for something. I have yet to see any other platform come close to matching the beauty of their user interface. The hate on Robinhood just seems to have gone past reasonable. +Don't buy into this hype, they're mentioning on https://btcgpu.org/ that full replay protection has been implemented. I thought I'd just check a bit more into their GitHub and I'm actually surprised with what I found: https://github.com/BTCGPU/BTCGPU/issues/51. They raised a **BOUNTY** for someone to implement replay protection 3 days ago, their build is riddled with errors, there's a lot of uncertainty (see https://github.com/BTCGPU/BTCGPU/issues) + +I'll let you guys be the judge, of course many people already knew this would some sort of a money-grab, but it looks like they're failing miserably and lying on what is and is not implemented. + +**EDIT** +Someone linked their Trello page: https://trello.com/b/P1rLw1G9/bitcoin-gold-todos. This pretty much shows they've got nothing but the basics done so far. +Good morning everyone. It seems like there is a lot of FOMO going on for just about every WSB stock (GME, BB, CCIV, etc) and I wanted to share how I deal with it. Currently, I have a main account with TDA and a $2000 account with etrade. Whenever I get FOMO I log into etrade and put my whole account in whatever everyone is hyping up. As you can guess, it was down 54% last year. Now it’s close to break even thanks to GME, but I’m sure that won’t last long. This allows me to cheer with WSB without risking significant losses in my main account. Let me know how you deal with FOMO! + +EDIT: Stopped out of GME at $92, this account will stay dormant until the itch comes back. +I've decided not to buy into any more positions until things become more decently valued. I may be wrong but in my opinion, the so-called coronavirus "crash" was nothing more than a correction. I suspect this because it is the "crash" that had one of the quickest recoveries in history. + +Here are some of the reasons why I think the market is completely overvalued: + +1. The average p/e ratio of the s&p 500 has just hit 40 - levels that have not been seen before without there being a crash following it. ( i know it's been a long time since 2008 but that was the last time these levels of pe were being seen). I wouldn't mind a bit of overvaluation due to the prospect of lightning lockdowns but the levels are just ridiculous. I know some of you may be thinking the only reason the PE is so high is that earnings are down due to the virus but the Shiller pe ratio is also at levels never seen before. For those of you that don't know - *(" Prof. Robert Shiller of Yale University invented the Shiller PE Ratio to measure the market's valuation. The Shiller PE is a more reasonable market valuation indicator than the PE ratio because it eliminates fluctuation of the ratio caused by the variation of pro\*\*fit margins during business cycles. This is similar to* [*market valuation based on the ratio of total market cap over GDP*](https://www.gurufocus.com/stock-market-valuations.php)*, where the variation of profit margins does not play a role either. ") Guru focus.* +2. The number of IPOs is just insane. 2020 saw over 400 IPOs in the united states. Most of them consisting of some really crappy companies. Benjamin Graham said in the intelligent investor that when there's an increased number of IPOs, the market is getting away from its intrinsic value and it makes sense. These IPOs are taking advantage of people's willingness to just chuck money into the stock market without properly thinking about it. +3. The fear greed index - This isn't such an important one to me due to the fact that there's no completely accurate way to calculate this but they seem to have been fairly accurate in the past. There are several different websites that calculate this fear greed value and currently, the vast majority of them are saying that the market is going through a stage of increased greed. On the top of my head, Benjamin Graham said something like" when people are being greedy be fearful and vice versa". + +To conclude I don't know how long into the future the downturn is going to be but one thing I do want to make sure of is that I have plenty of cash to pile in as it starts reaching the end of its downturn. Also, I think it's quite unlikely that the market is going to "Crash" as it has like on black Monday or the most recent covid "crash/retracement". I think it's going to come down nice and slowly more like the 2000 crash and 2008 over a period of more than a year. The reason I believe this is that there's not going to be a reason for it to go down other than big investors slowly pulling out.(This is just something we have no control over as another pandemic could appear tomorrow that is 10 times worse and that would make the market tank.) + +I understand what I've said is just an opinion and your view may be the complete opposite and if it is id love to know what you think so let's start a discussion and use the power of many to consider this affair from several different angles. + +Shiller pe - [**https://www.gurufocus.com/shiller-PE.php**](https://www.gurufocus.com/shiller-PE.php) + +s & p 500 pe - [https://www.multpl.com/s-p-500-pe-ratio](https://www.multpl.com/s-p-500-pe-ratio) + +number of IPOS - [https://stockanalysis.com/ipos/statistics/](https://stockanalysis.com/ipos/statistics/) +In his 1996 shareholder letter, Warren Buffett wrote about the underperformance of active investing. According to Buffett, he believed that he is an intelligent investor because he has the patience to be inactive. While most managers and asset allocators are trading their winners because it has gone up a lot or because it has become too large of a portion of the fund, Buffett simply holds and lets his winners ride. + +The analogy that Buffett used was one from basketball. From Buffett: + +> To suggest that this investor should sell off portions of his most successful investments simply because they have come to dominate his portfolio is akin to suggesting that the Bulls trade Michael Jordan because he has become so important to the team. + +It seems that Cathie Wood is falling prey to this exact problem. She is selling her winner in $TSLA to buy other beaten down stocks because they have some form of innovation or potential that the market is currently missing. This approach works...until it doesn't. + +Happy New Year to All! +Would you all be interested in seeing it? Maybe a daily trade log with my strategy, thoughts, entries, exits, profits, and losses? + +I could maybe do a live trading video too, but oh my god…I am so horribly boring on video… + +I use CMEG…which is an off-shore broker, thus no day trading limits, great broker to short with as well. It is a more expensive broker, and a new trader can blow up their account easy with using their 6x margin. But I’d love to do a break down every day and teach new traders some tricks! I think doing a daily breakdown and post would help me be a better and more profitable trader also! + + +Does he actually go into detail about why he specifically picks earnings yield and ROIC for his Magic Formula? Basically, is it worth buying the book when I can find out the formula online? + +Also, has anyone tried it/tweaked it and what did they think of their results? Perhaps putting stop losses in to avoid value traps running up big losses? +I made a [post about a month ago](https://www.reddit.com/r/financialindependence/comments/81fx7e/i_31f_think_im_ready_to_quit_my_job_and_go_work/) about wanting to quit my $85k job, with $500k saved, and my plan was to work part-time at Starbucks to get health insurance. I was wondering if I was insane. I realized, after reading all the comments, that I was a little insane/stupid for wanting to do that. That day, I deleted the Word doc file which contained my resignation letter, and decided to update my resume to look for a new job instead. + +The following Monday (the day I originally planned to quit) I got in touch with a prominent employment agency in the area and had a 20 minute talk with a recruiter that afternoon. Within that week, the recruiter got me set up with 3 interviews for various finance jobs in my city. One was part-time and the other 2 were full-time roles that I found interesting because they weren't traditional finance jobs...they were quasi finance/IT roles. + +Out of those 3 interviews, I got 2 offers last week - an offer for the part-time job and an offer for one of the full-time positions. I accepted the full-time position. I chose it because it comes with WAY better benefits than my current job, more flexibility in the hours, less over time, work from home 2 days a week, and I also got a salary bump from $85k to $98k. + +I'm going to give my 2 weeks notice tomorrow...good riddance. I can't wait to leave this job. I now feel a renewed yearning to work. I'd had it up to HERE with the traditional office environment in my current job and all the crap that comes with working in an office. I realize that's the real reason I wanted to abandon working. I think this job change will make working more enjoyable and I won't be miserable. I'll at least have that pink cloud experience that comes with starting a new job. With my current job, it got to the point where I would start every work day with thoughts like: I don't wanna be here today, this sucks, these cubicles are starting to look more like prison cells, etc. + +So that's my update. I don't know if I'll truly be happier with this new gig, but I'll give it a year and who knows...maybe I'll be one of those people that love my job. Maybe I'll still hate working and I'll consider quitting again a year from now. Who knows. I'm pretty optimistic, though. I'd really like to grow my stash to around the $1 million mark in order to RE comfortably without forcing myself to make lattes part-time, for peanuts, just to get health coverage. + +Bonus win for me: I selected a start date further out so that I'll have enough time to finish out my 2 weeks, decompress for 1 week, travel for a few weeks (where? not sure yet), then decompress for 2 more weeks before I start working again. +Hello my fellow comrades, + +I’ve been on this forum for years now… and throughout my time I’ve noticed that the question of salary/salaries comes up often. Separately at work, my colleagues are always discussing their salary expectations and the UK social class structure. + +It got me thinking and I thought to myself I would try to answer this question as accurately as I can. As often when I have these conversations I feel that people don’t have an accurate picture of their earning potential and the reality of salaries nationwide. + +The first thing I did was try to find the most accurate salary data I could get my hands on, which led me to a table titled ‘Percentile points from 1 to 99 for total income before and after tax’ published by HMRC. As I see it HMRC has the most accurate salary data of any organisation in the UK as all salaries are reported to HMRC. The table listed the average salary of each percentile here in the UK. + +The data was limited to the 2018-19 tax year, so I had to use an excel formula to predict the 2020-21 figures based on the historical figures. For figuring out the ‘social class’ of the salaries I used some data published by newspapers (CityAm and The Mirror) along with my judgment. Once that was done I did a bit of work on the numbers and this is what I came across: + +To be in the top 3% and + of earners (which is what I simply call ‘The Top Earners’) you’ll need to be on a salary of over £102,667 pa. Which works to a monthly take-home pay of £5,077 after student loans (£565 deduction) and before any pension contributions. + +To be in the top 10% of earners (which is what I call ‘Upper Class’) you’ll need to be on a salary of £58,800 pa. Which works to a monthly take-home pay of £3,330 after student loans (£236 deduction) and before any pension contributions. + +To be in the top 20% of earners (which is what I call ‘Upper Middle Class’) you’ll need to be on a salary of £43,978 pa. Which works to a monthly take-home pay of £2,672 after student loans (£125 deduction) and before any pension contributions. + +To be in the top 25% of earners (which is what I call ‘Established Middle Class’) you’ll need to be on a salary of £39,578 pa. Which works to a monthly take-home pay of £ 2,455 after student loans (£92 deduction) and before any pension contributions. + +To be in the top 40% of earners (which is what I call ‘Emerging Middle Class’) you’ll need to be on a salary of £30,467 pa. Which works to a monthly take-home pay of £2,009 after student loans (£23 deduction) and before any pension contributions. + +To be in the top 50% of earners (which is what I call Average or ‘you’re doing OK + have money to save class ’) you’ll need to be on a salary of £26,378 pa. Which works out to a monthly take-home pay of £1,800 after student loans (£0 deduction) and before any pension contributions. + +To be in the top 60% of earners (which is what I call below average or ‘you’re doing OK class + may have money to save’) you’ll need to be on a salary of £23,067 pa. Which works out to a monthly take-home pay of £ 1,612 after student loans (£0 deduction) and before any pension contributions. + +To be in the top 70% of earners (which is what I call below average or ‘may struggle to save class’) you’ll need to be on a salary of £20,156 pa. Which works out to a monthly take-home pay of £1,447 after student loans (£0 deduction) and before any pension contributions. + +To be in the top 80% of earners (which is what I call ‘may struggle class’) you’ll need to be on a salary of £17,667 pa. Which works out to a monthly take-home pay of £1,306 after student loans (£0 deduction) and before any pension contributions. + +To be in the top 90% and + of earners (which is what I call ‘Low Earners’) you’ll need to be on a salary of £15,067 pa. Which works out to a monthly take-home pay of £1,158 after student loans (£0 deduction) and before any pension contributions. + +Now, I’ve got to be honest when I categorised the salaries I was surprised at how much lower they compared to my expectations. But one thing that needs to be made clear is that the average figures above included both part-time and full-time salary figures. Meaning that the part-time figures will act as a negative factor when averaged out with the full-time figures. So if anyone knows where I can get a table that includes only full-time salary figures that would be much appreciated. + +I’ve also included what is my interpretation of what someone’s ‘social class’ could be solely based on their salary and want to make it clear that I mean no transgression or judgment to anyone but rather generate a discussion on this opinion of mine and most importantly to learn! Moreover, salary is just one of the many financial aspects that determines someone’s social class, the important factor is arguably wealth, which brings me to the second point I wanted to raise. + +Based on the reception of this post and the response I receive I’ll create another post for each social class, which would consist of profiles for each group e.g. ‘if someone was under the category of ‘X then they would be around the age of…, own/rent in a house with a value of £x amount, have savings of £x amount, have investment of £x amount. I would go as far as creating an ‘average spending/budge profile’ for each class. But that would very much depend on if people on the forum want to see such things… + +Peace out  +It seems ridiculous to me that anyone would pay for the privilege to have their money locked up and unusable for 10 years. Is there ever a good economic reason to buy bonds like this? Especially when 10yr bonds on similarly strong economies like the US are 1.262%. +I think one of the great things about being fatFIREd is that you can make stupid decisions and not feel the pain as much. Sometimes tough, those stupid decisions, despite costing a pretty penny, turn out to be epic. + +I want to hear those epic stories my friends. + +I'm not asking for the figures though, I'm asking for the stories. Let's laugh a bit together at some of our more questionable choices +>Those that fail to learn from history are doomed to repeat it. + +A 2012 Rolling Stone article [Accidentally Released – and Incredibly Embarrassing – Documents Show How Goldman et al Engaged in ‘Naked Short Selling’](https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/) links to an incredibly detailed [motion \[PDF\]](http://media.economist.com/sites/default/files/pdfs/Plaintiffs%20Opp%20to%20MSJ.pdf) by Overstock lawyers asking the Court to deny Defendant’s (Morgan Stanley, Goldman Sachs & a bunch of other banks) attempts to seal (meaning "hide") evidence that was submitted which would embarrass the banks. + +This particular document was written by lawyers for the Plaintiffs (Overstock) so it's obviously biased the way apes seek confirmation bias. We'll focus on Section II "Factual Background" on pages 4 through 21 for this DD. + +[\[pg 4\]](https://preview.redd.it/m0kwm7ihodl91.png?width=1948&format=png&auto=webp&s=dc6a9835997569203723c1123961fe992e3aafc9) + +Perhaps some apes can find these publicly available filings and court records? I'm too smooth to know how to do this, but a friend mentioned trying PACER. + +>Defendants decided to **manipulate supply and demand** for short sales by consciously opting not to settle certain short sales in hard to borrow stocks, including Overstock, at all. ... Both Goldman Sachs and Merrill Lynch decided to **create fails-to-deliver** in their affiliates, GSEC and Merrill Pro, so that they could correspondingly **create "supply"** in Goldman Sachs and Merrill Lynch. ... Goldman Sachs expressed its "intentions to **create supply and perpetuate selling in stocks with a large amount of short interest**." + +[\[pg 5\]](https://preview.redd.it/ungpuv1kodl91.png?width=1954&format=png&auto=webp&s=900e64c425d278c746c1a2070223e8cf1fad767d) + +# Sound familiar? Naked short selling isn't new + +>Defendants' decisions to **intentionally fail to deliver Overstock stock caused large-scale naked short selling** of Overstock stock. + +By intentionally failing to deliver millions of shares of Overstock, Defendants "increase\[d\] the tradable supply of shares of Overstock available for short sales by as much as 34%". "The fails created supply in excess of **six times the average daily trading volume of Overstock**." (*For comparison, the highest reported Short Interest for GameStop was 226% and BBBY still has 107% reported short interest.* *Have you seen how fast GME and BBBY floats trade?*) + +&#x200B; + +[\[pgs 6-7\]](https://preview.redd.it/56o9gdcnodl91.png?width=2010&format=png&auto=webp&s=b30f6f56aec0ece4abda6c6f485133cfb818962f) + +Goldman Sachs, [who asked "Is curing patients a sustainable business model?"](https://abovethelaw.com/2018/05/goldman-sachs-asks-is-curing-patients-a-sustainable-business-model/), went above and beyond to circulate a *list of stocks targeted for \[naked\] short selling*. + +[\[pg 6\]](https://preview.redd.it/z1fddgzpodl91.png?width=2042&format=png&auto=webp&s=455ad76d5816b4e72d11621edb1c8eca796569fa) + +# How did they naked short Overstock? + +>"The clearing firms ... determine whether a fail has been resolved and what the age of a fail is.... Merrill and Goldman also effected fraudulent trades to extend the duration of the fails to deliver." + +Merrill and Goldman used fraudulent trades to avoid regulations and extend fails-to deliver beyond the T+13 settlement date *without delivering any stock!* Merrill even helped match trades to kill buy-ins by *selling into* required buy-ins. + +[\[pg 9\]](https://preview.redd.it/hbae2iksodl91.png?width=1958&format=png&auto=webp&s=879da041165bfd9898057221d8bfb6392a3c4679) + +Goldman played the same game of matching orders selling into buy-ins maintaining open FTDs. + +[\[pg 10\]](https://preview.redd.it/7jw73isuodl91.png?width=1950&format=png&auto=webp&s=69521c8efb022f0567408b451ab0681785a5047f) + +All these naked shorts were falsely reported as bona fide short interest. + +[\[pg 10\]](https://preview.redd.it/fnua973xodl91.png?width=1970&format=png&auto=webp&s=9c5c8e161ad5d11f99d0fe39f180429d0669c5ce) + +# F* compliance + +Despite Merrill's Chief Compliance officer being *against* this illegal naked shorting and failing to deliver, internal emails (*including by Merrill's* ***President***\*)\* said "F\* compliance": + +[\[pg 11\]](https://preview.redd.it/ymwp1g5zodl91.png?width=1960&format=png&auto=webp&s=2b1e32458de2f1c1dede7c2487621ccb11c80d18) + +[\[pg 18\] ](https://preview.redd.it/xx0muhf1pdl91.png?width=1968&format=png&auto=webp&s=b9fd3c009715d4ff3977e0697d685ad5a8720e89) + +# A Treasure Trove + +The prior Overstock case is clearly a treasure trove of good info apes could use, if apes can figure out how to find and access them in public records. + +[\[pg 14\]](https://preview.redd.it/qibq8pd3pdl91.png?width=1974&format=png&auto=webp&s=a791662e6dec97833e2954bb2db20eb08098437b) + +There's public records out there where we can find testimony from people like Marc Cohodes, a managing partner at Copper River Partners (a short seller), who described Goldman Sachs as "like the mob", "a racketeering entity that does whatever they can to make a dime without conscience, thought, foresight or care about ramifications ... cold-blooded and could care less about the law": + +[\[pgs 20-21\]](https://preview.redd.it/vtdk4yjapdl91.png?width=2016&format=png&auto=webp&s=ba34068675290d75871d22d20b9e962d1d1ac3e1) + +# What Next? + +All these crooks know how to do is stay hidden. Their naked short playbook hasn't changed much in two decades, they just kept their secrets hidden and it's time to light things up. + +1. Find these public records. The prior litigation was Overstock.com plus a bunch of individuals against 24 Defendants including [Merrill Lynch, Goldman Sachs, Morgan Stanley, Bear Stearns, Citigroup, JP Morgan, BNY Mellon, UBS, and Credit Suisse](https://trellis.law/case/CGC07460147/OVERSTOCK-COM-INC-A-DELAWARE-CORPORATION-et-al-VS-MORGAN-STANLEY-CO-INCORPORATED-et-al) (Case CGC-07-460147). +2. Expose crimes. +3. Report crimes to SEC & DOJ. + +EDIT: Typos and formatting + +UPDATE (Moar Resources!): + +[2007/2/02 Complaint filed by Overstock et al against Morgan Stanley et al in San Francisco Superior Court Complaint for Case CGC-07-460147](https://cdn.static-economist.com/sites/default/files/pdfs/Fifth_Amended_Complaint_%28Redacted%29_Redacted.pdf) in this DD (Thanks u/JustBeingPunny) + +[2014/11/13 California Appeals Court filing (Overstock et al vs Goldman Sachs et al)](https://cases.justia.com/california/court-of-appeal/2014-a135682.pdf?ts=1415916062) (Thanks u/JustBeingPunny) + +&#x200B; + +&#x200B; + +&#x200B; +My brother came up to me and said "hey bro... did you hear about that new safemoon coin? Cause I just bought $50 worth and now have 1,000,000 safemoon coins." I asked him questions about it but he couldn't answer. + +Never even heard of it before but I didn't want to judge, so I checked out the website. Didn't even get past the first page. I ended up judging because it looks like it was done by a 10-year-old for a science project. I didn't even bother researching it after that point. Companies like this are making coins out of thin air and people are buying and selling them with 0 knowledge whatsoever. Absolutely no underlying value. The only value it gets is based on supply and demand. So therefore it is not a currency, but a digital commodity. Maybe I'm stuck in the past, but I refuse to gamble in highly speculative plays. Please don't say that you are "investing" when buying these products; they are not investing, they are gambling. + +Edit: I didn’t expect this post to blow up. Now, lots of people are commenting that it’s actually a popular opinion. Just remember that this my opinion. For more experienced and knowledgeable traders, it may be a popular opinion that buying speculative crypto is not an investment. But, from my experience, many of my friends, family, acquaintances, coworkers, and even people at my college (both young and old) consider buying speculative crypto an investment. These seem -for the most part- to be inexperienced traders that have no clue what even a balance sheet is. I was talking more about the latter. +# 0. Preface + +I am not a financial advisor and I am not providing financial advice. + +But I am a SNEK. At least, I am a Snek to all of the anti-ComputerShare and anti-DRS posters. + +I have yet to see anything countering the main benefit of registering, which is locking up float certificates. **Which can lead to the MOASS.** + +**In my opinion it is the only way to MOASS.** + +I keep seeing FUD and skepticism on ComputerShare. It's slowly dying off, but I think it is too important for me to not continue pushing this. + +So, hopefully, this clears it up for skeptics or those who are cautious and why DRS is the way. + +Guess what baby. I'm not even really a Pomeranian. Mwahaha. I'm a Snek ~~Skeletor~~! Ah ah ah ah. + +[I knew that damn Pomeranian was a shill this whole time.](https://preview.redd.it/mo29ggkjmko71.png?width=1522&format=png&auto=webp&s=a1d41aae761d3954392b5629487a809916fcc916) + +Sorry if anyone has fear of snakes. Hopefully the above is less spooky. + +# 1. Understand possible risks by registering. Research yourself before registering any shares. + +As a boiler plate, you will want to understand some potential risks behind registering your shares. Again - not financial advice. It is **your** choice on whether or not to direct register. In my opinion the pros of direct registering **vastly** outweigh the cons, but don't take my word for it. + +[From ComputerShare itself](https://www-us.computershare.com/Content/Download.asp?docId=%7B8A8A23DD-8FD1-41EE-8D46-7F234B8F8EED%7D&cc=US&lang=en&bhjs=1&fla=1&theme=cpu), the securities are not protected by standard SIPC or FDIC insurance: + +>CIP accounts, the securities held therein and any cash temporarily held on behalf of a Participant are not deposits of Computershare and are not insured by the Securities Investor 14 Protection Corporation (SIPC), Federal Deposit Insurance Corporation (FDIC) or any other federal or state agency + +This is mainly because your shares are not "street name" registered any more but rather "book name" registered via direct registration. So, that is something to consider. + +Another concern is selling shares which obviously is a key point to push for FUD. If we go back in time to /u/ajquick's post, [they crush the FUD about selling shares and other concerns](https://www.reddit.com/r/Superstonk/comments/p3owe8/dispelling_the_fud_surrounding_computershare/). + +Take a look at their post if you want an in-depth explanation of why the FUD is peddled to make you scared of registering your shares. Here is a tidbit from their post: + +>**Example #1: You won’t be able to sell your shares.** +> +>This is the most common FUD that is posted to try and dissuade people from ComputerShare. ComputerShare has a relationship with brokerages to sell your shares when you request them to. I had previously thought, incorrectly, that sales would take a bit of time. This is false. +> +>With ComputerShare and GameStop’s DirectStock plan, you have the following options to sell: +> +>\- Market Order +> +>\- Limit Order (Day) +> +>\- Limit Order (30 Day) +> +>Lots of FUD going around that says something to the effect of: *If you try to sell, it will take days!* +> +>**False** +> +>If you initiate a market sell order on ComputerShare, they will attempt to execute it immediately. If you submit a limit order, they will enter it to go at the price you specify or greater. There is absolutely **no problem with selling using ComputerShare**. Settlement will still take T+2 days as usual, same with any other broker. + +ComputerShare also has standard language that sells may only partially fill, or not at all. Surprise - that is boiler for brokerages too. Nobody can guarantee that the demand side of the equation is met. + +But that all being said, it is something to research. /u/ajquick did a great job providing sources in their post and is a good starting point. + +**What I will emphasize is to read multiple posts based on evidence. Do not fall for the pure conjecture comments saying "ComputerShare is bad because of <blank>" when there is no evidence provided. Or if it takes a leap to suddenly imply it is nefarious.** + +Here's a FUD campaign example from myself that I just came up with: + +>Fidelity routes options + share trades to Citadel. Fidelity is in cahoots with Citadel so you should not use them as a broker because they will prevent you from selling your shares during MOASS. + +The above has no basis. I came up with some foregone conclusion by making a huge logical leap. It would be so easy if I was a shill to push this around reddit like wildfire because it very easily instills fear. It connects the broker to Citadel who we know manipulates markets so it's easy to eat up as if Fidelity is automatically nefarious and will not allow retail payout. + +**Until the FUD statements around ComputerShare are proven logically, you can assume that they are FUD campaigns because they take a massive leap to reach their conclusions.** + +It's good to be cautious of new things like ComputerShare at first. But you should be even **more** cautious about the FUD or conspiracy theories because it can be more damaging in the end. + +Likewise treat it the same way with hype conspiracy theories. Don't get caught up with conclusions based on pure hopium if there's no basis to it. + +# 2. ComputerShare is a Transfer Agent. All they handle is bookkeeping of shareholder records on behalf of GameStop + +ComputerShare isn't a new company. They are a transfer agent which provides the service of registering shares and bookkeeping of shareholder records which has been around since 1978. + +What goes on for pretty much any company is that they need to figure out stock ownership for the total amount of stock certificates that they have issued. In the case of GameStop, they have roughly 76.49 Million stock certificates to keep track of. + +**Note that these certificates are unique and cannot be replicated. These are the official stock certificates that prove ownership. In the past, you would physically handle these certificates rather than an electronic entry on your brokerage account. Now, you have the electronic entry and the transfer agent handles who owns the stock certificates.** + +Instead of wasting time + money + manpower on handling the bookkeeping of stock ownership, dividend payments, and other tasks, **companies will offload this effort to a third party company**. This "third party" is called a [transfer agent](https://www.investopedia.com/terms/t/transferagent.asp) and there's a few large agents out there that companies choose from. + +GameStop chose ComputerShare as their transfer agent to handle the bookkeeping of their share ownership. + +And that's not really a surprise, since ComputerShare [holds a plurality control over the market at around 37.4%](https://blog.auditanalytics.com/transfer-agent-market-share-2020/). They provide transfer agent services to a few other popular companies as well: + +* Apple +* Microsoft +* Tesla +* Amazon +* Overstock (whom did the first NFT dividend to crush shorts!) + +# 3. Ryan Cohen and institutions had to direct register through ComputerShare to show their holdings. + +When you look at ownership of any stock, the official stock holders had to register their shares, through the transfer agent, to show ownership of the stock and pull certificates in their name. + +This includes Ryan Cohen, the executives, and institutions that hold any share ownership of GameStop. They've all done it - are they falling for a scam? Doubtful, when it's the service chosen by GameStop themselves to offload the task of bookkeeping of shareholder records. + +Hypothetically let's say, tomorrow, that institution ABC shows up on GameStop's institutional holdings and that ABC has purchased 40M of the remaining 61.83M float. Reddit would explode claiming, "Holy shit! It's a long whale!" and everyone would be excited that the float is being constricted more. + +What would have happened in this hypothetical situation is that ABC would have purchased 40M stock and then registered through ComputerShare to transfer ownership of 40M certificates from the float to themselves. + +The same exact thing can happen with retail! By direct registering shares, it's equivalent to an executive or institution registering ownership. + +And by doing this - it pulls certificates from Cede & Co which constricts the float! + +Retail **is** that long whale. But right now nobody **officially** knows it because retail has yet to register. + +# 4. You are not "transferring" a share. You are transferring certificate ownership on GameStop's shareholder books. + +Something that might be strange to understand conceptually is that you aren't really transferring a "share". **You are transferring certificate ownership by telling ComputerShare to move a certificate from Cede & Co. to your name**. + +Think of the certificate and the "share" in your account as completely different things. The certificates themselves cannot be duplicated and they are records of who officially has a stake in the company. The shares in your account is just an entry on the broker saying that you own some amount of stock, though unofficial. + +So in regards to your brokerage account, your shares are just a record on the broker's books that you own shares. It doesn't matter if they are "real" or phantom. But to be clear, no matter where you have the shares, you own those shares and you have the right to sell them. + +**To emphasize: No, you will not be screwed if you don't register. YOU own a "real" share regardless of certificate ownership. This is the premise of the MOASS in the first place is that shorts must cover all shorted (phantom) shares.** + +What goes on in the background is that by direct registering you are changing bookkeeping of the certificates which are handled by ComputerShare on the behalf of GameStop. + +* There can be an infinite amount of phantom shares out there in brokerage accounts due to shorting. These are nothing more than entries on the broker's books saying you have N number of shares. +* There is a finite amount of certificates to show ownership of a stock. **GameStop only has 76.49 million certificates because that is their outstanding share count.** These are official proof of ownership of the stock. +* ComputerShare transfers **certificate ownership** between parties. The actual "stock" in your brokerage account has not technically changed because the structure of the share is the same. +* **All you did was change a bookkeeping record for GameStop through ComputerShare to officially mark ownership of the company!** + +The below will hopefully help visualize what is going on. + +1. On the left is the shareholder record showing that the DTC + Brokers own 6 certificates. This is the "float" that hasn't been locked up. +2. Say that retail decides to register 5 shares. This tells ComputerShare to change ownership of 5 certificates from the DTC to retail's name. +3. On the right is what happens to the record after retail makes its purchase and registers. The DTC + brokers have fewer shares to work with and the float reduces because, just like an institution or executive purchase, **retail has officially registered ownership and moved certificates into their name.** +4. This bookkeeping only has the outstanding share count of certificates on it. It's impossible to direct register more shares than exist because there will only ever be 76.49 Million certificates (unless they do another offering)! If another request comes in to register a share and all certificates are locked - then that proves phantoms exist! + +[You are transferring certificate ownership and locking up the float!](https://preview.redd.it/vgoble8yako71.png?width=1474&format=png&auto=webp&s=c83a7919e71c650599db9d7e33ff275ecea00495) + +# 5. GameStop cannot tell its investors to direct register because of the CMKM fiasco which exposed trillions of phantom shares + +Let's go back to the CMKM fiasco that Dr. T mentioned as an example of the power of direct registering shares. They were a company that was caught in fraudulent activities and DRS exposed a massive **3200x float of phantom shares (2.25 trillion of a 703 million float)!** + +The Company was going to go under a new name, so CMKM **told** their investors to direct register and pull certificates in their names so that the shares could be redistributed. + +This locked up the float and pulled all certificates into individual investor's names + executives + institutions. After so many requests came in, no more certificates could be assigned ownership. + +The problem is, more requests to register came in following the entire float being locked up. This meant that phantoms exist - because there are only so many certificates in existence which can have ownership. If all certificates are accounted for and another share requests to be marked as an owner - whoopsie. Someone fucked up. + +This resulted in a huge scandal where the SEC decided to delist the company and delete the phantom shares, preventing a squeeze, because the company was already caught in fraudulent activities and it was trading as a penny stock at the time. The stock was also reportedly [cellar boxed](https://www.sec.gov/comments/4-590/4590-100.htm) which, if you remember from the Cellar Box DD, means that it was manipulated at thousands of a penny increments to profiteer off of the liquidation and maintain the stock at a "cellar" price. + +Those poor fucks at Citadel are screwed if they've been cellar boxing the zombie stocks of Blockbuster, Sears, etc. that have yet to fully liquidate and if those stocks aren't nuked just like CMKM. + +GameStop thankfully isn't in that situation, so they can't exactly hit the nuke button. It's not in a scandal of fraudulent activities, and it's not trading at bankruptcy levels. + +What happened following the disaster of CMKM phantoms being exposed, is that the DTC made a rule to prevent companies from telling their shareholders to DRS their shares**. Because the very act of doing so exposed the phantom shares of CMKM and almost ignited a squeeze.** + +/u/suddenlyy goes into great detail here on how the DTC created a rule for this: + +[https://www.reddit.com/r/Superstonk/comments/pr32zj/cmkm\_and\_gamestop\_why\_cant\_gamestop\_ask/](https://www.reddit.com/r/Superstonk/comments/pr32zj/cmkm_and_gamestop_why_cant_gamestop_ask/) + +So, those of you who are waiting for GameStop or Ryan Cohen to initiate a share recall or for them to play their hand - they can't. + +The DTC decided to be cucks because they **know** that if a company expects their stock is being manipulated, they could fuck the entire system by insisting that investors direct register their shares. + +Honestly, you could think of completely registering the float through DRS as being equivalent to a share recall. **The best part is that this is in the power of the individual investors!** + +There has been so much FUD and attempts to suppress this information the past 8 months. I have never seen so much FUD on any topic before, and continued FUD. + +**Fuck yeah it seems like this is busting a nerve on WallStreet because it's gaining traction. It can end the fuckery when all certificates are accounted for.** + +And what's nice is that because ComputerShare is the recordkeeper of certificate ownership of shares on behalf of GameStop, is that GameStop will be fed the information of share ownership. They will know when all 76.49 Million certificates are accounted for and registered. + +Some reading if you're curious for more about CMKM: + +* [https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/](https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/) +* [https://www.sec.gov/comments/4-590/4590-100.htm](https://www.sec.gov/comments/4-590/4590-100.htm) +* [https://www.qualitystocks.com/government-sting-operation-leaving-cmkm-diamonds-shareholders-tired-of-waiting-for-reimbursement/](https://www.qualitystocks.com/government-sting-operation-leaving-cmkm-diamonds-shareholders-tired-of-waiting-for-reimbursement/) + +# 6. Direct registering pulls lending power from brokers because you are reducing the amount of certificates they "own". Marking your brokerage to not lend shares does NOT lock down the float. + +We have been saying "buy and hold" will launch this rocket. + +Hell, I was even thinking that a market crash could cause MOASS. + +**I no longer think that this is true.** + +Here we are almost 8 months after the January sneeze, and things have yet to take off. Why? Because they are still playing with the float that remains unlocked. They (DTC + brokers) are able to lend the shares at extremely cheap rates because they maintain certificate control over 61.83 Million shares and continue to profiteer off of the delayed squeeze by sucking up money by lending, options premiums, and PFOF. + +For many months we have been claiming retail owns multiples of the float. And that everyone should turn off share lending if they don't want their shares to be lent. **It's great information to spread, but there is a big problem with this!** + +**It doesn't matter if you're marking a phantom share to not lend!** **It's not marking the float as long as the DTC and brokers maintain control of those certificates**! + +They can keep the phantom machine churning, possibly indefinitely, because they'll borrow against those certificates since they still have 'ownership' of them. Here's what can be going on: + +1. A short is made to match a retail buy. Retail gets a phantom share. Retail **does not** get assigned the certificate and therefore doesn't officially own the stock. They have a stock on the brokers books, but they are not an official shareholder. +2. The broker lends out shares because they "locate" them against the certificates in the broker's name. Either they lend to a shorter or internalize the order against their own holdings to perform the short sale. +3. If the short sale eventually produces a FTD, the broker-dealers can paddle the failure between one another by "locating" against those certificates via ex-clearing. Over, and over, and over again. +4. Maintaining a high certificate count means the broker-dealers have more lending power to either produce more phantom shares or reset FTDs. High lending amount. Low borrow rate. Shorting continues. Fuckery continues. **MOASS remains delayed as they wait until retail gets bored because they don't lock up the float.** + +If you think about it, and if we claim retail owns multiples of the float, then the MOASS should have taken off by now if disabling share lending restricted lending power. What were the estimates? Some numbers like 2 billion shorts at one point or 33x the float? Surely disabling lending should have restricted their original lending power. But it does not. **Because it's not restricting the float.** + +1. The brokers have 61.83 Million certificates to borrow against. +2. Retail gets 61.83 Million phantoms for a total of 123.66 Million shares. +3. Retail turns off lending on all phantom shares. The broker still maintains 61.83 Million shares to lend against because they still maintain those certificates. All retail did was mark an **IOU** on their account. + +But, pulling those certificates in retails name through Computershare officially shuts down lending on the float! The brokers no longer officially have ownership and cannot borrow against those shares any more. + +It's almost guaranteed that there will be pushback on anyone trying to register their shares because it pulls the lending revenue stream from the brokers. **They would absolutely love for this to continue and not squeeze, because all of them can continue to profiteer off of lending, option premiums, and PFOF. Bastards.** + +It's easy for them to get cash to continue to avoid margin calls and suppress the price. But taking away lending power from them by officially registering the entire float gives them a massive fucking middle finger because it **constrains** them. + +DRS is going to constrict lending and it can result in increased borrow fees, lower amounts of lendable shares, and increase of FTDs. It slowly pulls the certificates away from those greedy bastards and chokes them to death until it kicks off the MOASS. + +[Power To the Shareholders](https://preview.redd.it/1b6cgrchmlo71.png?width=1279&format=png&auto=webp&s=2dc60995ea3e69050e024aba8e9e4d14a6fae5fb) + +Power to the Players **👊**🐶 +As the title says I wish to be banned from this sub as I see this all the time come up on my popular feed and do not wish to see this sub or care about it. And I like to use the popular feed to see the random stuff on reddit. do not want to cause any issues. Thanks + +&#x200B; + +Well looks like this back fired on me holy crap. Think it is a bit funny how much attention this is getting. Looks like I poked the ape with a pointy stick got put on a rocket and this post went to the moon. Thank you for the awards and karma +Found myself increasingly thinking about how much better off I could be if I had my current 'knowledge' back when I was 18. Quite often I hear myself thinking 'I wish I knew that when I was 18.' + +I'm going to post it here - on the basis that at least one other 18yo out there could benefit from it. Also hoping to learn from anybody who is further ahead of me on their journey, as I know I still have a LOT to learn. + +For context - I grew up in a poor area of the UK, from a poor background and with no decent financial advice. Not only am I the first person in my family to have a degree, I'm the first person in my family to have a credit card. + +**So - to my 18 year old self:** + +* Get a credit card. I know your family told you it is a bad idea - but it isn't. When used properly, it is one of the easiest things to do, with the most significant impact. Even though you have never heard of it, you have something commonly (incorrectly) referred to as a 'Credit Score'. + * Your **credit history** is there whether you like it or not, so you need to look after it. It is what banks use to 'judge' you when you want to borrow money, or buy a property. Even something silly like taking out a phone contract - they will refuse you if your credit file isn't good enough. + * Yes - even if you have a good job and enough money in the bank, you won't be able to get a £40 a month phone contract if the phone company don't like your credit history. It sounds stupid I know. + * Some things, like hiring a car, require you to have a credit card. Having one will open doors for you, so get ahead of it. + * Use your credit card to buy normal things as you would with your debit card. + * Do not buy anything you can't already afford with your credit card until you are familiar with how it works. + * Set up a direct debit to pay off the credit card in full every month until you are familiar with how it works. +* Don't buy that £7,000 car in 2015. You sell it for £4,500 in 2016. Just buy a cheaper one. +* Open a Help to Buy ISA & Make the maximum payments. If you do this on your 18th Birthday you'll have around £25,000 when you're 28 + the government bonus. Instead you started late, and you only have £4,200 + the government bonus. **(This would be a LISA for any 18yo reading this now)** +* Open a S&S ISA and learn about Vanguard, Legal & General, the FTSE, S&P500 etc. You don't need to be an expert, just make small regular payments. Don't take any crazy risks, and don't panic when things go down. +* Learn about inflation and interest rates. Again you don't need to be an expert - just know that every year that you don't earn interest on your savings, you are losing money due to inflation. Just stay ahead of this by keeping track of savings accounts. +* Put some money in premium bonds. Doesn't need to be a lot - but monthly contributions will add up over 10 years. +* Living at home during uni is a good choice. Some people won't understand and claim you miss out on the 'experience', but the money you do manage to save living at home gives you much better memories. +* Don't be scared to live. Saving money is good - but there are some amazing places in the world and you'll be lucky enough to see a lot of them. At 28, I don't regret a single one of the holidays or wish I could take the money back. There is a balance between saving & enjoying life. +* Moving to a new city is expensive but it is worth it in the end. You cash in your pension from your first job to fund the move. It is a tough decision but it works out for the best. Sometimes tough decisions are necessary. +* Don't compare yourself to others. Somebody you know will inherit £300,000 from a family member, you'll inherit £0. Some of your friends will get cars for their 18th Birthdays. You'll have to save and buy your own when you're 23. It is just the way the cookie crumbles. In the same way there are people out there with an easier ride than you, there are people with having a harder time, too. + +**Silly bonus points if I could actually talk to my 18yo self** + +* Dad dies soon. Just try to see him a bit more often. +* Tesla, Amazon, Apple, and Bitcoin. If you put all your money in these from age 18-28 you could retire as a billionaire. +* You meet who you think is 'the' girl when you're 25. Things don't work out after 3 years - but the memories are worth it. + +\--- + +This isn't financial advice - I just wanted to put down my thoughts. + +What financial tips would you give your 18yo self? +April 9 update: This piece has been heavily edited from its original presentation. I've had plenty of shit talk about this post. I get it. Some of y'all think I'm fucking r*tarded for even posting this. But NOT ALL APES HAVE BEEN HERE SINCE JANUARY. I'm just trying to help in my limited capacity. And it seems to have helped thousands of apes get their affairs in order before liftoff, so I stand by this post. To be so smart as to correct me (rudely), you rude ones sure don't know how to read my disclaimers scattered all over this post 🧐 plus we figured out a record date in real time. Winning. + +**UPDATE: I CAN'T EDIT THE TITLE BUT HOLY SHIT GUYS ITS LOOKING LIKE [4/15](http://imgur.com/a/QJqwTfw) RECORD DATE NOT 4/20 I THINK WE FIGURED IT OUT GOOD JOB APES** + +WE NOW HAVE [PROOF](http://imgur.com/q99378Y) OF TDA SAYING RECORD DATE APRIL 15, 2021 + +ETRADE [NOW REPORTING](https://www.reddit.com/r/Superstonk/comments/mmyh72/etrade_support_on_gme_voting_must_recall_by_415/?utm_medium=android_app&utm_source=share) 4/15/21 RECORD DATE + +WEALTH SIMPLE CANADA [CHECKING IN ](https://m.imgur.com/ai6Duju) WITH A 4/15 RECORD DATE + +1st Update: [A comment worth reading!!!!](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/gttv4u8?utm_medium=android_app&utm_source=share&context=3) Looks like Vanguard is reporting a deadline of April 15!! + +TO ANSWER MY OWN QUESTION IDFK THE CATALYST NONE OF US DO. I'M NOT SAYING 4/20 IS ANYTHING BESIDES A (SUSPECTED) DEADLINE FOR RECALLING SHARES + +The more shares recalled, the more the shorts need to cover!! + +And [lenders are responsible for recalling shares, not Gamestop!!!](https://www.reddit.com/r/GME/comments/m9eqv9/clarifying_share_recall_what_is_it_and_how_does/?utm_medium=android_app&utm_source=share) + +Comments are reporting that cash users with TDA and Fidelity do NOT lend out their shares. You will be notified more about voting through their platform when it's time. More brokerage updates from users in comments, but I would suggest you contact your broker yourself. Stay vigilant! Many brokers are automatic margin!! + +Posting this before us 🦧 breed confusion... I know the [memes](http://imgur.com/gallery/gHBIpHq) are exciting, but they open lots of questions. I’m here to open my limited knowledge as well as start a discussion on what this means. Directly quoting u/Obvious_Shake_5012 here also. + +So a [post ](https://www.reddit.com/r/Superstonk/comments/mmcgb6/got_this_email_back_from_rh_about_gme_shareholder/?utm_medium=android_app&utm_source=share) on here shows a letter from Robinhood acknowledging a Gamestop Share Record date of 4/20. I contacted my main broker (I use several cuz I don’t trust a bitch) TD Ameritrade by phone and they confirmed this deadline for me. + +What does it mean, Pink?! + +The date of record, in this case ~~4/20~~ 4/15, is the deadline for shorts to return their shares. So a recall would be BEFORE 4/15 because 4/15 is the RECORD DATE . I.E Recall is NOW! + +Did you read that, apes? THE DATE THE SHARES MUST BE RETURNED TO LENDERS BY SHORTS, VERIFIED AND ACCOUNTED FOR TO RECORD **YOUR** SHARES IN ORDER TO BE ABLE TO VOTE IN THE SHAREHOLDER MEETING. + +**YOUR SHARES**. This is UP TO US! + +⚠️ **Contact your brokers and RECALL YOUR SHARES!! Tell them you want to exercise your shareholder rights in the upcoming shareholder meeting.** ⚠️ + +*Do not fear the shills in the comments saying this is market manipulation or planned movement. None of that shit flies here, and all I'm saying is that you need to recall your shares before a certain deadline to exercise your shareholder right to vote. Nothing illegal about that!* + +Keep in mind, Gamestop would need to have the 69.75 Mil shares accounted for (or however many are recalled) before shareholders can vote for anything important. + +No this isn't a guarantee that anything will happen. But from a marketing standpoint, I sure as hell wouldn't be sending out PR without knowing for a fact things will be kosher enough to conduct business by the meeting date on **6/9 ( ͡° ͜ʖ ͡°)** + +Inb4 naysayers say institutional whales don’t historically recall their shares and/or participate as voting shareholders in the annual meeting. WELL THIS YEAR IS FUCKING DIFFERENT HAS ANY OTHER YEAR BEEN THIS HISTORICALLY FUCKED?! + +But just in case it *does* go according to historical trend... + +Share recalls like to spark gamma squeezes. + +If shares are required for a shareholder vote, Gamestop will send public notice this Friday or Monday as this is 60 days before the meeting date. Who knows what will come of this. + +**These dates are factual and documented as far as I can tell, I am not making up my own target date or claiming anything here. Stay vigilant and do your own research!** + +**4/20 BLAZE IT BITCHES**🔥🌬💨💨💨🌳🌳🌳🌳 + +Note: + +1. Yes you can still sell your shares if they are recalled. This simply means nobody is being "loaned" your shares. (To then take to the pawn shop like our boy Kenny G does.) +2. You must be a current shareholder as of the record date to vote. +3. We don't know what we're voting on yet, but im exercising my right to vote. +4. TDAmeritrade confirmed my shares are not leant out and I will be able to participate in the annual shareholders meeting. + +Copied from a comment cuz I couldn't remember: + +The notification will be through TDAmeritrade and will show up under "My Account --> Shareholder Library" + +[A great post on share recall](https://www.reddit.com/r/GME/comments/m9eqv9/clarifying_share_recall_what_is_it_and_how_does/?utm_medium=android_app&utm_source=share) + +The majority of these awards were anonymous if that tells you anything 😉🚀🚀🚀🚀🚀🚀🚀 +All she told them was the balance amount, who the card was with, her first name only and the expiration date of the card. Absolutely nothing else. I kept telling her not to do it because they contacted her through instagram, the numero uno of red flags. + +She did it anyways and they paid off $1200 in CC debt. I’m almost sure it’s money laundering or something but it’s been 12 full days since they’ve paid it and it’s still showing as zero balance and the credit card company said the payment has completely cleared. + +They gave her their account information to make the payment. + +Update: Convinced my mom to report the card stolen and freeze the account. She took screenshots of their entire conversations and they had a website set up to convince her. They have a website (http://burdenfreefinancial.simdif.com) they used to convince her to do a “cash flip.” + +I’m just annoyed that she didn’t see this was a scam clear as day in the first place. She even gave them MY information and sent me their banking info. + +Update 2: Okay... she refuses to change her passwords. She won’t request a new card. She now tells me that they asked her to send them $200 and they will pay off her 10k credit card. And she’s going to do it. 😐 + +She seriously thinks she’s outwitted them because she withdrew the $200 and deposited it into a separate account and only would pay them via PayPal instead of direct wire. + +She keeps saying how their website is so nice and that’s what nonprofits do, help people. A website full of typos and ugliness... + +Update 3: Annnnnd now she’s saying I’m jealous of her. I got her to unlink my zelle from her bank account so now it’s not of my concern. +Hi everyone. I’m a single mother of 2 in my late forties. I can’t have a job because of my son’s severe medical needs which has been my priority for the last 10 yrs. My parents left me with some sum of money that I’ve been living from. I bought a house in cash so I’m not paying mortgage. Im debt free. The only income I have is from another property that I own which is rented. I have money in my savings acct that’s been sitting there for years now. I think it’s time I put it in ETFs for the long term. Now mind you, I’m not a citizen but I am a resident and I pay taxes. + +After reading so many posts here it turned out a Roth IRA would be a great option. Unfortunately I discovered that I can’t do that because my only income is from property. So that’s out. And now I’m kind of stuck. After reading many many posts I decided to do this: 50%VTI 20%VXUS 10%QQQ 10%QQQJ 10%ARKK using $50k of my savings. Is that wise? I fell into the GME bandwagon and even though I came out unscathed, I realized it wasn’t for me. Would love to hear any feedback. I feel I’m entering the market pretty much late in life. I wish I knew better but life just happened. Thank you in advance for any comments (pls be gentle). I truly appreciate it. +I’m a healthcare M&A attorney at a midsized firm. I spoke with a biglaw attorney in my field who expressed that I would have a high chance of lateraling to his firm, which is pretty much top for the law I practice. He also expressed that many other biglaw firms are looking for attorneys who do what I do, which I knew. I told him that I wasn’t looking to move right now but it’s something I’d like for the future. + +By way of background: My wife and I just started IVF and the clinic will hopefully impregnate her next week (egg retrieval and fertilization is this weekend). If it works, we’d be expecting for the winter. + +I’ve always wanted to go biglaw but my family, including my wife, are apprehensive about how much I’d be working and whether I’d be present for my new family and child. My brother (who makes $45k and supports his wife and infant) stresses that time is more important than money. It’s not just about the money for me though and it’s a type of role I’ve always dreamed of. + +Has anyone else here faced this struggle on their way to fatFIRE? What would you do? + +Edit: Ultimately I’m not looking to move right now, which is what I told the lawyer. My thoughts are that I stick it out for another year at my firm and utilize paternity leave. I can revisit lateraling at that stage and make sure my wife and I are on the same page. +I know some might mention freakonomics but I’m looking at ones that are more academic I guess. Especially ones that are more focused on monetary policy and macroeconomics. +Hi everyone, + +I am curious about the connection between growing up in poverty and current financial status, and our perspectives. I'm particularly interested in those whose parents were really bad with money. + +My dad was a single parent raising 3 kids. Even when working he was bad with money, but it got worse when he had a mental breakdown and had to go on disability. We had to claim bankruptcy twice, the first time losing our childhood home. His spending habits were atrocious. He collected stereo equipment and was always buying stuff off Ebay and trying to sell stuff at the same time, even if we were low on food. He struggled with binge eating and would eat our school snacks in the middle of the night, leaving us in the awkward position of not having any. We had to make use of food banks and at our worst, had to make use of what we had left. One week we ate just tomato soup, calling it "Tomato soup week", another week we ate toast and syrup, makeshift pancakes. + +I think there was the mindset of **"We have so little money and life is hard so I deserve to treat myself",** but by doing so, there were negative consequences. I have carried this with me. Even when at my poorest living alone, I would spend irresponsibly because "We all deserve some fun, right?". I never learned how to save, or build credit, or make a significant purchase. All I knew was poverty. + +I'm working on overcoming that mindset but it's hard. With my partner's help I've set up a strict budget complete with excel tracking. It is going well but I do feel resentful sometimes that I can't just buy everything I want. Can anyone else relate, if even a little? How do you give up those deeply ingrained patterns of behaviour? +Just saw an article about Larry Page getting residency -- do other people know something I don't? Unless there was some unofficial channel, the residency through investment requires at least 3 years time, which would have been prior to COVID (if that had any factor). + +Wondering if I should be considering this country long-term... with the obvious asterisk that I'm far, far from being a billionaire but will have a goal to have means to move if needed... +Recently I made the mistake of rereading Jason Hickels [awful article](https://www.theguardian.com/commentisfree/2019/jan/29/bill-gates-davos-global-poverty-infographic-neoliberal) about global poverty, and while I was pondering the legal liabilities attached to burning down the servers of one of the UK's most popular newspapers, I ended up asking myself whether there might be similarly bad takes on the measurement *national* poverty as well. So, economists of this sub, what are the worst ways to measure national poverty (or at least ways with huge caveats) you frequently see pundits, politicians, and/or people on social media use? +[https://www.marketwatch.com/story/new-fed-study-finds-efforts-to-slow-pandemic-dont-depress-the-economy-2020-03-27](https://www.marketwatch.com/story/new-fed-study-finds-efforts-to-slow-pandemic-dont-depress-the-economy-2020-03-27) + +paper: [https://ssrn.com/abstract=3561560](https://ssrn.com/abstract=3561560) +My goal here is simple - I don't want to see people lose money. + +Unless you are shilling something (which I am not and never will) there literally is no other reason for someone who does this for a living to come to this Mos Eisley Cantina of Day Trading known as Reddit. I dedicate a certain number of hours a week to help traders because I know how difficult and overwhelming all this can be for someone. The recent 'gold rush' into Day Trading has left a lot of casualties in its path. Every YouTube video and many posts here on Reddit or elsewhere are designed to convince you that Day Trading is easy - it is not. It requires years of hard work to get right. + +While I have a lot of posts on Getting Started, Day Trading for a Living, Strategies, Resources, etc...I was asked if I could outline what I feel are the three most important rules for beginners to learn. + +These three should be taken in combination with all the other posts I have made - they are in no way the *only three* things you need to know. However, with so much out there to sift through, I do see the valuable in quantifying the three most important (in my opinion). + +So here they are: + +**1) Don't Anticipate - Confirm** \- This is one of the most common issues I have seen. Everyone wants to catch the move before it happens - i.e. you think SPY is *due* for reversal so you buy Puts or you believe CLOV is going to start going up soon, so you go long. Even more damaging to your portfolio are the amateur economic prognostications such as, "Now that people are going back out to eat, I am going to short DASH". You may well be right, but you need to let the chart confirm those moves before you act. Set alerts, draw trendlines. You think SPY is going to drop? Draw an upward sloping trendline (it will cross around 418.50) and put an alert on it. When SPY drops below that line, then you can look to short it. Chances are not only did you not miss the majority of the move you were looking for, but it most likely just began. + +**2) Trade the Chart Not the P&L -** This one is hard, really hard. We are hardwired to focus on how much we are "up" or "down" in a trade. Even if you turn off the P&L, you still know roughly how much money you are making or losing on any particular trade. You need to trade as if you have one share or one contract - make decisions based on your analysis of the price action. This also goes towards position size - if you are exiting a position based on fear than you have too large of a position. If you are just starting out - you need to use *small position sizes until you are consistently profitable.* + +**3) Market First, Stock Second -** Always know what the market is doing (SPY/QQQ), are you shorting into a bullish day? Going long into a red day? Is SPY ready to take out the sell stops? Is there chop or a steady trend with volume? Then you need to ask - how the stock performing compared to the market? Is this stock going up while SPY drops? (it doesn't matter if the stock is in the ETF or not) Are both the market and the stock going up but the market is proportionally going up stronger than the stock? The only time these questions aren't as relevant is when you are trading a low float momentum stock that is moving on a catalyst - these equities tends to be independent from the market, but these types of stocks/trades should be a small percentage of your overall trading. + +**Remember your overall goal is Consistency.** + +You want an effective strategy that you confidently project out each month. I know if I do 400 trades a month, I will make profit on roughly 340-345 of them. I also know what my average amount of profit is per trade (I use rolling annual averages but others go with shorter time frames). Knowing those things mean I can confidently project how much money I will make each month within +/- 3.4% (my current error range around the mean). This allows me to depend on this income the same as I would a salary. At the end of each month I take out the profit and leave the base amount, and every six months I increase the base by roughly 15% (thus, also increasing my month profits). This is only possible if you have an identifiable and repeatable strategy. + +Day Trading for a living isn't about how much you made on any one particular day, or trade. It's also not about how much you are "up". It is being able to say you know how much money you will make every month (and thus annually) and being able to count on that amount. If you want to do this for a living everything should be geared towards reaching this goal. + +*These three rules aren't all you need to reach it - but in my experience you can't reach this goal without them.* + +***Also if there is something in particular you want me to post or elaborate on please let me know. The previous request was a post on Day Trading Options, which I hope was helpful.*** +Anyone have any thoughts, I’m not sure on the economy roaring back part of the analysis. + +https://markets.businessinsider.com/news/stocks/stock-market-outlook-global-equities-47-percent-gain-jpmorgan-says-2020-6-1029304936 +I'm specifically not asking for expensive things, but more for uncommon things (can also be expensive). For example, I just had the idea of an in-house massage room so you can have a masseur/masseuse come over for a massage. +*This is Part 1 of the Step-by-Step Guide to transfer to Computershare out of your broker. I eat yellow crayons for breakfast and my last IQ test came at 69 so this is* ***NOT financial advice***. This is simply a gathering of information available publicly. + +**^(Last update: Oct 20 @ 07:45am NYC Time)** + +# Note + +**As per above, this is not financial advise but if I were in the US and my broker mentioned DRS would take more than a week, I would transfer out to another broker like Fidelity and DRS from there.** + +\------- + +&#x200B; + +# TL;DR Part 1 + +A guide to **TRANSFER** a portion/all of your GME shares to Computershare (referenced as CS in this post). This Part I covers most US brokers as well as Wealthsimple and IBKR: + +* Fidelity 🇺🇲 +* TD Ameritrade 🇺🇲 +* Ally Invest 🇺🇲 +* Merril Edge 🇺🇲 +* Schwab 🇺🇲 +* Webull 🇺🇲 +* WealthSimple 🇨🇦 +* Interactive Brokers/IBKR 🌎 + +\------- + +# [Part 2](https://www.reddit.com/r/Superstonk/comments/ppw723/transferring_shares_to_computershare_part_2_a/) + +Part 2 is covering the following brokers: Commsec, DNB, Danske Bank, Hatch , Interactive Brokers/ IBKR , Nordnet , Questrade , RBC , Revolut , Scotia iTrade , Stake, SwissQuote , TD CanadaTrust , Tradestation + +\------- + +# [Part 3](https://www.reddit.com/r/Superstonk/comments/pt6ya6/transferring_shares_to_computershare_part_3_a/) + +Part 3 is covering the following brokers: BMO, Chase/JP Morgan, E\*Trade, Firstrade, Rabobank, SoFI, Tastyworks, TradeZero, Vanguard, Wells Fargo, XTB + +\------- + +# Part 4 [COMING SOON] + +Part 4 is covering the following brokers: M1 Finance, Public, Hatch, SwissQuote, Tradestation + +\------- + +# [Can't find your broker?](https://www.reddit.com/r/Superstonk/comments/ppb8u6/the_drs_list_mercy_mercy_me_gme_aint_where_it/) + +This sexy ape called u/Bibic-Jr is keeping a good log of all brokers. It's worth checking if you can't find your broker in Part 1, Part 2, Part 3 or 4. + +\------- + +# IMPORTANT NOTE ABOUT SLOW DRS TRANSFERS + +**USA:** + +If your brokers is taking more than 3-7 days for a DRS transfer, it is most likely because they plainly don't have your shares and will duck around with you to get the transfer done. Of course, they could be really busy but still, I doubt it's a good-enough excuse. A few solutions: + +1. **YOU ARE OK WITH THE WAIT: Enuf said** +2. **YOU PRESSURE THEM TO GET IT DONE FASTER:** They will more likely push back but you can try +3. **YOU TRANSFER TO ANOTHER BROKER WHO CAN DO IT FASTER (Personally, I like this one)** + +**In that case, you could initiate a broker to broker transfer (Transfer from your original broker to the new broker (ie: Fidelity). Then, Fidelity would manage your DRS transfer in a few days (about 3) so no reason to not bring them business.** + +**KEEP THE FOLLOWING IN MIND: AS PER FINRA RULE 11870, YOUR BROKER HAS 3 DAYS TO DO A TRANSFER TO ANOTHER BROKER (NOT DRS). DON'T HESITATE TO FLEX UP. IF LONGER, ASK TO SPEAK WITH THEIR COMPLIANCE DEPARTMENT AND THREAT TO FILE A COMPLAIN WITH FINRA. YOU CAN ALSO USE** [**NAASA**](https://www.nasaa.org/contact-your-regulator/) **FOR ASSISTANCE.** + +&#x200B; + +**CANADA:** + +u/PM_Your_Green_Buds **has written a post for Canadians about delays. Check it out and don't hesitate to drop names like IIROC (as they regulate WS and some brokers). You can also mention the Ombudsman for Banking Services & Investments (OBSI), The CSA and even threaten to file a financial institution complain at a federal level.** + +\------- + +&#x200B; + +# A note about tax impact of some transfers (ie: registered accounts (IRA, 401K, TFSAs, etc) and lot method. + +**Roth IRA, TFSAs, etc** + +In the US and Canada, you lucky apes can access registered accounts with your brokers (also known as IRAs, 401K, RRSP, TFSAs, etc). I understand transferring an IRA is possible but complicated and some apes are ironing out the process. For now, be aware that you can't transfer your shares in Roth IRA unless you liquidate. This has financial implications. + +For Canadian and International apes, because you have to deal with CS USA, you plainly don't have the capacity to transfer a registered account (TFSA, etc) unless you liquidate your position with your broker. + +**IMPORTANT:** You should check with your broker before transferring to another broker or CS as it could lead to your positions being sold/liquidated or your account being blocked during the process. + +&#x200B; + +**Transfer Lot Method** + +**ELI5: You can choose which shares you want to transfer (the first ones you bought? The last ones? etc)** + +When transferring positions, your broker should be asking or give you the choice on the tax method you'd like to use to transfer your positions. If not, there should be an option in the account management or you could check your statements and list to your brokers the shares you want to transfer. + +Some of the common ones: + +* Last In, First Out aka LIFO - The last shares you bought will be transferred first. +* First In, First Out aka FIFO - The first shares you bought will be transferred first. +* Highest Cost - The shares with the highest cost will be transferred first. + +Do your DD. [Here is something I found really quickly](https://finance.zacks.com/determine-shares-sell-fifo-lifo-9766.html) + +\------- + +&#x200B; + +# I want to open a CS directly + +If you are in the US, you can follow [this kick-ass guide](https://www.reddit.com/r/Superstonk/comments/pxc2cn/how_to_create_new_computershare_account_via_new/?utm_source=share&utm_medium=web2x&context=3) from u/BananyaBangarang. Unfortunately, for the majority of international apes, it is not possible to open an account with CS directly. + +\------- + +# Some DDs to understand more about DRS and Computershare + +Check the following posts: + +* From u/Doom_Douche / [SuperStonk Post: 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/) +* From u/Criand / SuperStonk Post: [Thought I'd make some bad charts for you visual apes to show what happens when shares are direct registered. Hope this clears things up!](https://www.reddit.com/r/Superstonk/comments/ptp3a4/thought_id_make_some_bad_charts_for_you_visual/) +* From u/Criand / SuperStonk Post: [Direct Registering Shares (DRS) is the MOASS key handed on a golden platter. Dr T has been preaching this for months with CMKM as an example that exposed phantom shares. ComputerShare is not some shady company. They are the designated transfer agent for 37.4% of the market.](https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/) +* From u/Criand / SuperStonk Post: [ComputerShare and DRS is the way. It ignites the squeeze because it's equivalent to an investor-driven share recall. You aren't transferring shares, you are transferring CERTIFICATE ownership away from the DTC and into retail's hands. Shares can be replicated infinitely. Certificates can NOT.](https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/) +* From u/zenquest / SuperStonk Post: [Why direct ownership of GME at Computershare is the most likely trigger and what's stopping](https://www.reddit.com/r/Superstonk/comments/prsk9n/why_direct_ownership_of_gme_at_computershare_is/) + +\------- + +&#x200B; + +# FAQs + +&#x200B; + +* ***"How long does it take?"*** \- There are 2 parts to this process: + +1. The process with your broker (ie: how long it takes for them to initiate the DRS transfer). This is outlined for each broker below and; +2. The process with CS (ie: create your account, register your account). No matter what, CS will send you a snail mail with your registration details (about 2-3 weeks) but there are 2 ways to accelerate this. See bottom of this post for more on this. + +&#x200B; + +* **"*****Do I need to transfer all to CS now?*****"** \- Simple answer is no (unless it fits your investment strategy). You should have done your DD about your broker and understand how reliable they are on a scale from Robinhood to Fidelity. CS and DRS transfer is suited for some apes wanting to build an ♾️🏊. If I use my personal experience, I have transferred ~~20%~~ 80% of my GME shares to CS because I'm not planning on selling short or mid-term. That's my decision and it suits my investment strategy. + +&#x200B; + +* ***"So why transfer to CS if I can simply not sell some of my shares to create one of these fancy pool for myself?"*** \- Really valid question and it's a personal choice again. For me, I want these shares in **MY** name, not street name. + +&#x200B; + +* **"*****What happens if MOASS starts while the shares are being transferred?*****"** \- Once again, you have to be clear about your investment strategy. If you are not planning on selling these, why do you care if they are in transit? From my POV, it's a plus. I won't be tempted to touch them. + +&#x200B; + +* ***"Computershare has a shitty ceiling on max sell?"*** \- That's true. $1m/transaction so definitely lower than my floor. Anything above this will require written notice. As per above, see post [here](https://www.reddit.com/r/Superstonk/comments/pphitt/computershare_sell_limits_per_customer_support/) + +&#x200B; + +* ***"What happens to my shares once they are 'transferred' to CS?"*** \- Well, it's a bit weird. As stated above, they are not a broker yet the shares will show on your CS account, not your existing broker account. + +&#x200B; + +* ***"What happens once the transfer has gone through with my broker?"*** \- See bottom of this post for more on this. + +&#x200B; + +* **"I already have a CS account, will another account be created if I transfer more shares later?"** \- That question has been floating around lately. If you start subsequent DRS transfer and want these shares to go to your existing CS account, quote your CS account number to your broker. Just make sure the name on the account match. + +\------- + +&#x200B; + +# Let's get started + +**Be kind** + +One last thing, be patient and kind with the customer service reps on both the broker side and CS side. The same way we are learning, they are also getting up to speed with a niche topic. If you get a good experience with one of them, take another 5 min after you are done to write a referral or compliment, it goes a long way! + +&#x200B; + +**Be Confident** + +You've got this! A phone call is easier than you think! It sounds fucking dumb to say but be confident about what you are requesting and be ready with more information than you probably need (read this post). For example, you might get push-back on the DRS transfer mentioning you need a CS account. This is incorrect. **This is NOT a broker-to-broker transfer, this is a transfer to an official registrar, a transfer agent to get shares in your name.** + +&#x200B; + +**Things you need to know and/or might need** + +* **GameStop Details:** + +**Ticker: GME** + +**CUSIP: 36467W109** + +&#x200B; + +&#x200B; + +* **Computershare Details:** + +**Address:** + +>**Computershare Trust Company, N.A.** +> +>**P.O. Box 505005** +> +>**Louisville, KY 40233-5005** + +**CS DTC #: 7807** + +# Phone Number / GME Team: +1 877-373-6374 and press *99 twice then say it's for Gamestop + +\------- + +&#x200B; + +# Fidelity 🇺🇲 + +>**# NOTE: You don't need to open a CS account, Fidelity will take care of it.** +> +>**# IMPORTANT: For anything above $10k, you'll need a medallion signature for the form process** +> +>**# FEES:** **NONE** +> +>**#** **PROCESS COMPLEXITY :** 🔷(Phone) / 🔷🔷(Form/Secured online message) +> +>**# TIMING: \~3-5 days** +> +>**# METHOD: Phone or Form/Secured online message** + +**Phone** + +**Step 1.** Call the following number **~~1-800-756-0128~~** **1-800-343-3548** and say it's for 'stock certificates' + +**Step 2.** You might need to provide the following details: + +* Your account # with Fidelity +* Your DOB, SSN and current address +* How many shares you'll want to transfer and the method. + +**Step 3.** Done + +&#x200B; + +**Form/Secured Email** + +You'll need your Fidelity Account #, Computershare's details (Address and DTC #, see above), Gamestop ticker (GME) and CUSIP 36467W109 plus some personal information. + +**Step 1.** Download, print, fill, and scan the Fidelity form called '[Transfer Shares as a Gift - NonRetirement'](https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/applications/Transfer-Shares-Gift-Nonretirement.pdf) (Note this is to transfer shares that are NOT in a registered account with tax benefits for retirement). + +*NOTE: You are basically gifting/transferring these shares to yourself* + +To fill the bottom part of Section 2 "Gifting Instructions", you'll see a few tables for the Investment Name. If you bought all your shares all at once, you probably just need to fill one table. If you have bought all the dips Shitadel has given you, you might need to fill more than one table as follow: + +>***This is an example!*** +> +>*Investment Name: GameStop Corp / CUSIP: 36467W109 / Shares: 5 / Lot Acquisition Size: 02/02/2021 / Lot Acquisition Cost: $3* +> +>*Investment Name: GameStop Corp / CUSIP: 36467W109 / Shares: 10 / Lot Acquisition Size: 03/03/2021 / Lot Acquisition Cost: $15* +> +>*etc.* +> +>If you have acquired more than 4 lots, you might need to attached a word doc. + +https://preview.redd.it/szp1ecu7tcq71.png?width=891&format=png&auto=webp&s=39979fc070e0c0ff9262c286b332c952323b86d7 + +**Step 2.** Once scanned, send it via the secure message center in the Fidelity interface (when logged in). Head to **Contact Us** and click on **Secure Mail** to return the form. + +**Step 3.** You might want to follow-up with them a day or so after to make sure it's received and processed. + +**^(UPDATED 28/09 11:00pm (NYC Time)** **/ Added the form method back)** + +\----------------- + +&#x200B; + +# TD Ameritrade 🇺🇲 + +>**# NOTE: You don't need to open a CS account, TDA will take care of it.** +> +>**# NOTE: Review the Tax Method for transfer on Client Services >> My Profile >> General >> FIFO/LIFO** *(see above for more on that topic)* +> +>**# FEES:** **NONE** +> +>**#** **PROCESS COMPLEXITY :** 🔷(Phone) / 🔷🔷(Form/Secured online message) +> +>**# TIMING: \~2-3 weeks** +> +>**# METHOD: Phone or Chat or Form/Secured online message** + +**Phone** + +**Step 1.** Chat Method - Start a '**Ask TED**' chat and ask for an Outbound DRS Transfer or call **1-800-652-4584** and request to talk to someone for an Outbound DRS Transfer. When you go through 'Ask TED', the agent will fill the form for you + +**Step 2.** You will most likely need to provide + +* Your details (your TDA account #) +* ComputerShare's details (see above) +* Security Symbol (ie: GME) +* Share Quantity and lot acquisition method +* SSN + +**Step 3.** Done + +&#x200B; + +**Form/Secured Email** + +You'll need your TDA Account #, Computershare's details (see above), Gamestop ticker (GME) plus some personal information. + +**Step 1.** Download, print, fill, and scan the form called '[Transfer Out - Direct Registration System and Certificate Request'](https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA371.pdf) + +*NOTE: You'll see a note on top of the form for a $500 fee. This is for issuance of a Certificate, not a DRS transfer.* + +How to fill? + +* Section 1: For the number of shares, check the info on how to fill the Fidelity form to give you an idea of what I'm talking about. For the Transfer Agent Account #, leave blank if you don't have a CS account yet. +* Section 2: This is basically YOU and YOUR details. +* Section 3: Leave this blank +* Section 4: Your address. This will be used to create your CS account + +**Step 2.** Once scanned, send it via the secure message center in the TDA interface (when logged in). Head to **Secure Mail** to return the form. + +**Step 3.** You might want to follow-up with them a day or so after to make sure it's received and processed. + +**^(UPDATED 23/9, 8:45am NYC Time)** **^(/ Confirmation that live chat works)** **^(NomNomNommy on 22/9 / Added form method on 29/9)** + +\----------------- + +&#x200B; + +# Ally Invest 🇺🇲 + +>**# NOTE: You don't need to open a CS account, Ally Invest will take care of it.** +> +>**# IMPORTANT: You need sufficient funds on your account when starting this process.** +> +>**# FEES:** **$115 (if rejected, it will be $125 rejection fee)** +> +>**#** **PROCESS COMPLEXITY :** 🔷🔷 +> +>**# TIMING: \~30 days** +> +>**# METHOD: Letter of Instruction/Email** + +**Step 1.** You'll need to fill a letter of instruction. [You can find a template here](https://imgur.com/8lzCy8O) . Download, print, fill, scan and return. + +Note: You'll need + +* Your details +* ComputerShare's details (see above) +* Security Symbol (ie: GME) +* Share Quantity +* SSN +* A statement accepting the $115 fee associated with this transaction. +* Sign and date + +**Step 2.** You can follow up with the chat function a few days later. + +**^(UPDATED 23/09 9am / Credit to)** u/Bonesaparte ^(/ Timing update (source:) u/SCRAAH ^(on 23/9)) + +\----------------- + +&#x200B; + +# Merril Edge 🇺🇲 + +>**# NOTE: You don't need to open a CS account, Merril Edge should take care of it** +> +>**# NOTE: Form is set for an automatic First in, First out. Make sure you understand if that works for you and call it out to them if not. You will need to send a letter of instruction** ***(ie: "yo, change this to what i want!"*****)** +> +>**# FEES: $25** +> +>**# PROCESS COMPLEXITY:** 🔷 +> +>**# TIMING: \~4 days** +> +>**# METHOD:** **Online form** + +**Step 1.** Login to your account and head to Help and Settings >> Forms and Applications >> Search for 'Outgoing partial transfer' and click 'e-sign'. [You can also find the form online here](https://olui2.fs.ml.com/publish/content/application/pdf/GWMOL/Partial_Asset_Transfer_Authorization_Letter.pdf) but you'll then have to download, print, fill, scan and return. + +**Step 2.** Follow the steps and submit. FYI, you'll need to provide: + +* Your Merril account # (8 digits) +* The lot you want to transfer along with the ticker GME and the CUSIP 36467W109 +* Computershare's details (DTC # and Address as per above) +* If you don't have a CS account, just write "*To be created by Computershare" or "N/A"* + +**^(UPDATED 14/10 2:00am NYC Time / Credit to)** ^(st2008hh) **^(and)** ^(Bibic-Jr) + +\--------- + +&#x200B; + +# Schwab 🇺🇲 + +>**# NOTE: You don't need to open a CS account, Schwab will take care of it** +> +>**# FEES: NONE** +> +>**# PROCESS COMPLEXITY:** 🔷🔷 +> +>**# TIMING: 3-5 days** +> +>**# METHOD:** **Phone or Live Chat** + +**Step 1.** Call them on **1-877-284-9830** (Asset Transfer Team) or 1-800-323-4332 (seems like Schwab is pushing back on that second #) and ask to talk to the Security Team. You can also use the Chat function. + +**NOTE: When calling the first #, say your Schwab Acc. #, then press 4 then 2** + +**Step 2.** Once you talk to someone (can take a while), be knowledgeable and ask for an **Outbound DRS Transfer** for some of your Gamestop shares to the official registrar (Computershare). At that point, they should be able to pull the right form and help you out. + +You'll need to provide: + +* Name and Address +* You Schwab Account +* Your SIN or Tax Number +* The ticker (GME), CUSIP (36467W109) +* Your CS account #. If you don't have a CS account, that's ok, they should be able to proceed. +* The number of shares to transfer and the preferred cost basis calculation method for determining "which" shares would be transferred. (Check the preface FAQs for more on this) + +**Step 3.** Rep will submit the request. + +**^(UPDATED 29/09 11:30pm (NYC Time)** **^(/ Updated phone number source: DarthHudson)** + +\---------- + +&#x200B; + +# WeBull 🇺🇲 + +>**# NOTE: You don't need to open a CS account, WB will take care of it** +> +>**# IMPORTANT: You need sufficient funds on your account when starting this process.** +> +>**# IMPORTANT 2: Double/Triple check your shares are not lent. If you think they aren't, just check again** +> +>**# FEES: $115** +> +>**# PROCESS COMPLEXITY:** 🔷🔷 +> +>**# TIMING: \~7-10 days** +> +>**# METHOD:** **Letter of Instruction/Email** + +**Step 1.** They don't have a form but based on what other brokers are asking, you want to anticipate and provide all the details. Send an email with the following details asking for an **outbound - DRS Transfer.** I've made [a blank template you can use here](https://imgur.com/8lzCy8O) you can use as an attachment + +* Your account number, your name, your phone number, your email. +* The stock you want to transfer along with CUSIP and quantity. +* Receiving firm's details (CS): Name, Address, DTC #, and who you want the shares to be registered to. As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email) + +**Step 2.** Send them an email along with the attachment. They should have a secured message center. Make sure you follow up with them. + +**^(UPDATED 19/09 11:30pm GMT+10)** + +\----------------- + +&#x200B; + +# WealthSimple 🇨🇦 + +>**# NOTE: You don't need to open a CS account, WS will take care of it** +> +>**# IMPORTANT: You need sufficient funds on your account when starting this process.** +> +>**# IMPORTANT 2: If you are on a TFSA or RRSP account, DRS might not be the right thing to do as it has fiscal implication. Essentially, they will need to liquidate your positions for the transfer.** +> +>**# FEES: $300** +> +>**# PROCESS COMPLEXITY:** 🔷🔷 +> +>**# TIMING: \~3-4 weeks** +> +>**# METHOD:** **Chat** + +**PREFACE:** u/PM_Your_Green_Buds **has written a post for Canadians (with WS and other brokers) about delays. Check it out and don't hesitate to drop names like IIROC (as they regulate WS). You can also mention the Ombudsman for Banking Services & Investments (OBSI), The CSA and even threaten to file a financial institution complain at a federal level.** + +**Step 1.** Seems super simple. Just initiate a chat + +You'll need to provide the following: + +* Your account number, your name, your phone number, your email. +* The stock you want to transfer along with CUSIP and quantity. +* Receiving firm's details (CS): Name, Address, DTC #, and who you want the shares to be registered to. As such, provide details on the beneficiary (name, SSN or Tax #), Address, Phone, Email) + +**Alternate:** you can also send an email. I've made [a blank template you can use here](https://imgur.com/8lzCy8O) + +\------- + +&#x200B; + +# Interactive Brokers IBKR + +Check that [in-detail process here](https://www.reddit.com/r/Superstonk/comments/pmu19h/international_apes_can_transfer_shares_to/) + +🇮🇹 Go to [u/-LNZ](https://www.reddit.com/u/-LNZ/) post for help. He has done [something in Italian just for you](https://www.reddit.com/r/Superstonk/comments/pzvc4z/italian_ape_here_wanting_to_help_other_italian/) + +\------- + +&#x200B; + +# So what is happening after my broker has completed its part? + +* Your ticket will be allocated to your broker. In my case, it took 3 days +* They will start the process. In my case, it took another 1-2 days. +* When your broker has confirmed it's done, **you will not hear from CS to confirm it's completed**. Contact CS \~48-72h later to make sure all is fine (**GME Team: +1 877-373-6374 and press \*99 twice then state it's for Gamestop)**. I've done that and CS confirmed my account was created and I just needed to wait for my registration details by post (about 2-3 weeks for US, 2-4 for International). You gotta be patient unless you ain't (see below if that's the case) +* You will receive your transfer confirmation a few weeks later. You can then set up your account. You'll need to set up your account with personal details, 3 security questions and a password. You'll then get a verification link to your email. Your login for CS is totally unrelated to your broker's login. +* Once that's done, CS will ask for a special token code (kinda 2FA)...and that code is sent by snail mail. You can call CS right away and request an express package. Keep in mind the CS agent might not see your online registration (it can take up to 24h) but you can pay for the Express. +* **INTERNATIONAL APES: you'll need to fill a W8-BEN form. This can be done online when you are logged into your CS account** + +\------- + +&#x200B; + +# "So yeah, I'm not patient, what do I do?" + +**Self-Serve Method (didn't work for me)** + +**Step 1.** Login to [CS website and try registering online](https://www-us.computershare.com/Investor/#Home?cc=US&lang=en) (2) (you might need a VPN or overwrite the default country redirect (1). + +https://preview.redd.it/cvek5kogxyq71.png?width=1141&format=png&auto=webp&s=8208122d630d65c5d5ebb368b9a461948f4d3132 + +**Step 2.** Register with your SSN, your ZIP code, etc. + +**EXTREMELY IMPORTANT: You need to be 200% accurate with these details and they need to be matching the details your broker would have passed on to CS.** + +**NOTE: For transparency, it didn't work for me since my postcode (ZIP) is 4 digits. I noticed it doesn't work if your postcode as letters in it.** + +https://preview.redd.it/08w1wnxhxyq71.png?width=818&format=png&auto=webp&s=21fe53bcc85627dfc7369207ea4ab1f993abfb24 + +**Call Centre Method** + +**Step 1.** Call the CS US number on **+1 877-373-6374** and **press \*99 twice then state it's for Gamestop** + +**Step 2.** Make it clear you just transferred shares, do not have a registration yet, and don't want to wait for regular post. You'd like **Express Post ($35 for US / $45 for international).** + +NOTE: You can also request Express to receive that special code. Just call them as you initiate the verification process. + +**Step 3.** Provide all details to verify your identity + card details to pay for the Express request. + +**Step 4.** Getting a tracking number should take a day so you can call back and ask for it. +So Fox Business pissed off popcorn apes with a blatantly false headline & quickly corrected it. Anyone else out there thinking that headline wasn't wrong, just too soon? + +I think they fucked up and that headline was planned to come out later. Its no secret belief that popcorn is likely a distraction & used to delay [MOASS](https://twitter.com/hashtag/MOASS?src=hashtag_click). It would not be surprising that once all popcorn insiders are rid of the shares they keep offloading, that they go private and leave shareholders fucked over. Fox just said the quite part out loud, or too soon. + +Its not the first time articles have been posted knowing the future before it happens (manipulation). They just don't usually give this much notice. + +https://preview.redd.it/y6zntcqcpjb81.png?width=529&format=png&auto=webp&s=cc63d90e9830030887b89786fe9d5cf7b942eee4 + +Edit: I'm seeing a few comments about how this is related to Gamestop. First off, we are in several of the same ETFs, so what happens to them effects our share price too. Secondly and most importantly, MSM is a common enemy and knowing what tricks and 'errors' they are using against another stock prepare us to know what's likely coming our way. Know thine enemy. +Argument between me and a friend. He believes that China would be in a worse shape and that the US would be able to replace China as a trade partner with India in the long-term, but also that China wouldn't be able to recover. This is because he believes that China doesn't actually produce much of anything in the first place; that their greatest value is as cheap labor for. The crux of his argument centers around China having a lack of brands that "people respect." +I'm no economic expert, but I found his claims to be ridiculous because of how much trade goes on between the two countries. Surely, it can't be that one-sided of a relationship if the so many products are "made in china" Oh, yeah, that's another thing, according to him "made in china" doesn't exactly make a product Chinese. Thanks in advance. +In other words: How much is wealth inequality and the wealth of the super rich **actually** hurting regular folks (in terms of purchasing power)? Do we have estimates/studies for this? + +So of course you can, for example (and very naively), take Jeff Bezos' net worth (about 200B) and if you divide that by the number of people living in the US you find that everybody gets like 500 bucks, neat. And if you do that for the top 10 or 100 richest Americans everybody gets a few thousand bucks. Even better, right? But of course that's not how any of this works. + +First, this is net worth, not income, so this would be a one-time thing, not a sustainable way to run your economy. Second, large amounts of money in some bank account and theoretical value of some stock do not equal actual purchasing power. If we redistributed all that wealth some of it would get lost through inflation etc. (right?). + +Still, if instead of the super rich paying say 100,000 workers to build them huge estates, yachts and private jets, those same 100,000 workers spent their productivity building everybody else a nice new TV, that (hypothetically) works. But do we have any idea how those things relate? + +How much does everyone lose out on because we as a society continue to pay X amount of workers to build Jeff Bezos new yachts instead of better cars/tv's/clothes for everybody else? Assuming we capped personal wealth at say 1, 20 or 50 Million Dollars (practical difficulties aside) and redistributed the rest equally among everybody else, what would everyone get? A pair of sneakers? A TV? A car? And I mean sustainably, every year, not as a one-time gimmick. Do we have estimates? Are there studies on this? + +Thanks +**TINFOIL-HAT TIME** + +*TLDR: RC IS A PLEASRDAO MEMBER AND BOUGHT THE ONLY COPY OF THE WU-TANG ALBUM 'ONCE UPON A TIME IN SHAOLIN' AND IS GOING TO AUCTION/DISTRIBUTE IT FIRST AS AN NFT ON THEIR NEW BLOCKCHAIN MARKETPLACE* + +I will try and keep it short since most of this already got posted, but it didn't get the attention it deserved so i made a little compilation about the information available to us. + +As many of you know: Wu-Tang-Clans only-one-copy Album '*Once Upon a Time in Shaolin*' got boughtfrom the federal government by an anonymous buyer. Last week a collective named "**PleasrDAO**" announced that they purchased the album for over $4M back in july. + +Bloomberg did an interview with "PPLPLEASR", one of the NFT-Artists of the group.And oh boy did it jack my tits. Skip to **minute 2:00** for the important part. [Youtube link](https://www.youtube.com/watch?v=yQA5iBOfwog) because vreddit sucks + +Edit: [Bloomberg Source](https://www.bloomberg.com/news/videos/2021-09-02/bloomberg-markets-the-close-09-1-2021-video) + +https://reddit.com/link/qdsr4r/video/7hot7qdm03v71/player + +Okay okay, let me get this straight: She starts talking about the not existing scarcity in the online world because everything is copy & paste and how NFTs on blockchain are going to change this and suddenly we see the gamestop NFT website??!! Hold up! + +&#x200B; + +PleasrDAO, you now have my attention. Let's check their twitter! + +[PleasrDAO Twitter Banner](https://preview.redd.it/fwbujs9s03v71.jpg?width=1500&format=pjpg&auto=webp&s=01123b53ef271ac20f8043c5e18977cdd856c00f) + +Whaaaat? An ice-cream cone, a frog, a monkey and fking rocket! Does that remind us of something??!! + +&#x200B; + +SO WHO IS THIS GROUP? PleasrDAO is a relative young group, not even a year old. But they already built a reputation and have an amazing digital art collection. + +So hear me out: They bought elons hyped c0iiiin as a MEME NFT and fractionalized it into billions of ERC-20 tokens so people could buy it for $1. + +Man this sounds amazing and pretty similiar to the DDs we had about a possible NFT dividend for GME shareholdes. Remember the Glass Castle DD EIP-721 + ERC-20 = **741** + +&#x200B; + +And it doesn't stop here: + +[A Group of 74](https://preview.redd.it/1557afvx13v71.png?width=823&format=png&auto=webp&s=9df78a6a32578bd2fe20ba1dff8d1f373a3f1081) + +So PleasrDAO is a collective of **74** members. No way, again this number? What if.... could it be? + +**74** members and **1** album?! + +&#x200B; + +Do we know everyone in the group? Well, there is one that wants to stay anonymous, but still decided to get into the picture with his black hoodie covering his face. + +https://preview.redd.it/5riugdz723v71.png?width=960&format=png&auto=webp&s=f7c2c031741a217a868f3413d7a805f57c60bc75 + +And again, something familiar that reminds us all of someone... Daddy Cohen. + +It's all just theory and assumptions at this point, but it isn't just a late-night-full-on-crack theory anymore. There are legit hints online. + +And Voilà, if they decide to distribute the rights to the album through tokens on GMEs(Looprings) NFT marketplace or right away through a dividend... BOOM, we have an atomic bomb that will hit the market like nothing seen before. + +I don't believe 741 has just one meaning. It can be found everywhere. Every DD on it is important and brick by brick we get a bigger picture. + +Ryan Cohen planned most of it over a year ago. Gamestop is just the vehicle to realize his dream of an blockchain marketplace revolutionizing the industry. The man is playing 5D-chess + +I think we're close apes! Very close, like 2-6 weeks close! + +So long, have a nice weekend! +For minors, it's generally required for a parent to co-sign their bank accounts. Once you turn 18, it's best to establish an account in your name ONLY, so you have sole control of it. It would even be better if you can establish the account at a different bank/credit union than the one the minor account was in, to avoid any inadvertent connections between the previous and new account. + +There are a couple reasons for this. It doesn't take too long to find stories of people who are still using the accounts they had when they were minors who are shocked when their money is suddenly taken away for reasons beyond their control. The parents could have financial problems and either use the money to pay off their debts or the money is seized by the institutions that they owe. There could be disagreements between parents and their kids, so they take the money away as a punishment. Or, it could just be old fashioned greed and the parents decide to just take the money. It doesn't matter who earned the money that's in the account. If two people are on it, the money belongs to both parties and the bank isn't going to stop someone on the account from withdrawing the cash. + +Keep in mind also, having your own account does not mean that your parents can't send you money if you need it. All they need is your account and routing number (the same information that would be on a check) to deposit money into the account. In addition, there are any number of banking apps today they could use to send money to you if you're still being supported by them. Other excuses may have good intentions at heart, but from a safety and security standpoint, it's best to establish an independent banking account. +What are some of the lessor well known/unexpected benefits provided to executives at Fortune 50/100 companies? + +This may not directly be a FatFIRE question, but I feel like the people who’d best know the answer are on this forum. + +Some context: I’d describe myself as a HENRY on the FIRE path, current NW $1.2M. I’m an Executive Director in the Data Science/ML area, but not at a FAANG, or even in the tech industry. I’m in another industry, but work at a large multi-national company that you’ve all heard of. I lead a group of about 90 people, with an annual budget I’m responsible for around $20M. + +The market is active right now, and I’ve had recruiters from other companies reaching out about potential roles at the next level (usually some kind of Vice President). In many companies, after the VP would be SVP, EVP (or CTO/CSO role) and then CEO, as a rough idea of seniority. + +Now here’s the funny thing. I have a good idea of the basic comp elements (base salary, bonus and LTI/RSU/PSU/stock) to expect and negotiate for with those offers at the next/VP level. Many other elements of the comp package are standard: Deferred Comp plan, 401k, medical, disability (short and long term), etc. However, I’ve had multiple recruiters ask me if there are other types of comp or benefits that I’d also leaving behind that they need to know about. When I ask what they might be referring to, they say it’s just a question they ask for completeness. + +However, I’ve on multiple occasions been left feeling like a minor league player. Like there are other secret comp/benefit components that I should know about, if not at my level, then for the next level. And the fact that I don’t know about them indicates I’m not ready to play at that level yet. Maybe it’s my own insecurity talking, but from a work perspective I totally feel ready to take on those next tier roles. + +I’ve had various other non-traditional benefits at some jobs as I’ve moved up the hierarchy, like an annual Executive Physical, or access to an indoor climate controlled underground Executive Parking Garage (great for the northeast USA), or the ability to fly Business Class for intercontinental travel. But I don’t think those are the types of things a recruiter would be asking about in terms of benefits I’m leaving behind when we’re discussing compensation. They seem ancillary to core comp. + +I also don’t think they’re asking about CEO level benefits like a private jet or personal security. The only thing that I can think of is perhaps a company car benefit, which some companies do offer. Mine’s does at that next VP level. So once, just not to seem like a total noob, I said “I don’t use my company’s car benefit” leaving out the fact that I wasn’t eligible for it yet. + +But it’s left me wondering about what are some of the other less well known executive benefits at those senior levels? So I don’t feel like an ignorant minor league player reaching too high. At the very least I think I should be aware of them, perhaps to know what to negotiate about if any of these conversations reach to an offer stage. +Am I the only one watching their portfolio skyrocket, and holding cash waiting for a steep market correction that will allow me to purchase more shares at a discount? Every time I log on and see the green I kick myself for not putting in the money earlier, but I have a feeling it'll bite me if I invest now. Anyone else have similar thoughts or any other views on this? +Anyone have any comments on why the Canadian crypto miners are losing value (despite many thinking they were already undervalued) while the prices of crypto are surging? + +Is this a good time to buy the dip? +Sorry if the title sounds a bit dramatic, but it really seems like this to me. + +I'm in 12th year of my Ergo health insurance. I was paying 9300 for 5 lakh cover for 2 people till 3 years back. Then it was increased to 17000 last year. Now I started getting 5-7 calls daily for renewal this year with callers demanding 25000 and threatening to "cancel my card" if I didn't pay. Upon asking reason behind increase in cost, all of them had random bullshit reason like merger with some other company, extra features (same as last year in reality) etc etc. + +Upon haggling they'll agree to give a discount of 4000-6000. Every single bas\*\*\*\* will send his code for payment without fail though. + +The good part is that there is no increase in cost and upon logging in via HDFC website, the premium amount is still the same as last year. If these fraudsters are not working for HDFC, then how can they have all my details? I have never made any claim till now. + +Anyone else had this experience or has any answers? +A lot of people in here seem to want to celebrate "self-made wealth" and put down people with inter-generational wealth. + +To me, having inter-generational wealth to pass down is my personal success measure as a parent. I dont see it as being a negative at all. + +As a side note, the system isn't designed to support self-made wealth, and most people have had at least some support from their parents... which is part of the role of being a parent. +I can’t find direct details on jnj’s business line segment breakdowns- but this has to effect pharmaceutical sales, right? Coupled with the fine.. Purdue pharma, Teva & others were mentioned as well. This isn’t short worthy news imo because this outcome could have already been priced in, but I’m second guessing getting into jnj as a long term value buy. + + + https://www.cnbc.com/2021/06/26/jj-agrees-to-stop-selling-opioids-in-230-million-settlement-with-new-york.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Today I’d like to share a useful thing I once learned from Warren and Charlie while listening to the Berkshire Hathaway annual meetings. This is intended for anyone new to value investing. + +Here’s what Warren Buffett thinks are the 3 most important concepts in investing that will put you ahead of 99% of the competition on their own (restated in my own words): + +1. **Think of stocks as pieces of ownership in the underlying businesses, not as little pieces of paper that move up and down a chart.** Study quantitative and qualitative economic characteristics of the business (fundamentals) and decide whether the business has strong competitive advantages before investing. A useful framework to apply this is to imagine that you were purchasing the entire business (all shares outstanding instead of just a few). +2. **The stock market and its price quotes are there to serve you, not to instruct you.** If you can avoid knee-jerk reactions to changes in price, that’s a huge advantage. Instead, view price in relation to intrinsic value of the underlying business and make rational decisions based on that relationship. Following this framework, you’ll find that the most common course of action is to do nothing and wait while most market participants are engaged in a trading frenzy.