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+
+😯**THAT'S NOT ALL** \- We have many more features planned for the GMR token. We would like to keep some a surprise.
+
+\-----------------------------------------------------------------------------------------------------------------------------------------------------
+
+**UPDATE 4/28/2021**
+
+**CONTRACT RENOUNCED** \- [https://bscscan.com/tx/0xc4c8d56280d0d9ea15a749b4c61ca03b3a94ea75d737db6e044b993f47665e1d#eventlog](https://bscscan.com/tx/0xc4c8d56280d0d9ea15a749b4c61ca03b3a94ea75d737db6e044b993f47665e1d#eventlog)
+
+**POOCOIN LINK:** [https://poocoin.app/tokens/0x3eE40972A84A34FC55131586BBDe38937A0738ad](https://poocoin.app/tokens/0x3eE40972A84A34FC55131586BBDe38937A0738ad)
+
+Partnership with CryptoSkyPlatform
+
+2nd Audit (TechRate) will be completed by Friday or Saturday.
+So im 19, I have a fiance who's also 19. And we have a baby on the way. We're super excited. We currently rent a very small 1 bedroom for 629 per month. Nothing included except trash. My credit is fair, but I have no missed payments or blemishes. It's only a little low because of not much credit history.
+
+We're surviving on only my income. Which is about 28k a year currently. With our bills plus rent and food. It leaves us with only about 250$ of extra money a month. So it's been extremely hard to save up for a down payment. I really hate renting and want something that's mine that I can take care of and change if I want to (paint, have a little yard) so I'm looking into mobile homes. 
+
+My only chance at saving money is when my tax returns roll around. Saving that for a downpayment. But even with that it's not gonna be much (maybe 2k? This is my first time filing with a baby). I've found mobile homes in my area from 20k-50k, but I don't have enough downpayment to get a loan. And the ones that have owner financing are asking for 8-10k down 400-500$ a month. 
+
+Do you think maybe I can offer the owner financed mobile homes if they will allow me to purchase with no downpayment. And just pay a little higher monthly payment to make up for it? What are my options? 
+
+I just want something to call mine, where my fiance and me can be proud of. Paint rooms. And do any work to it we want. We feel like we're living in somebody else's home in our apartment. Like its not ours. There's mobile homes for rent that we like, but we don't see the point in renting one unless they'll allow us to rent-to-own.
+To whom it may concern,
+
+The following represents a summarized narrative from my works cited below. I write out of concern for the continuity of our financial system. Most importantly, to illustrate the injustice that it allows.
+
+* Hedge funds and offshore entities are *NOT* required to disclose most of their financial information- including short positions   
+* Citadel Securities is a market-maker for Citadel Advisors (hedge fund). They are considered a significant player within their environment. Citadel Securities has registered with the SEC and FINRA since 2002 
+* Investors rely on the SEC and FINRA to make sure these entities are not adversely affecting our markets, which are heavily regulated
+* However, since 2006, FINRA has caught Citadel Securities breaking the rules in 60 separate events. Here are the facts: 
+   * There is an event for almost every year since 2006
+   * Several violations span multiple years, with just **1** written violation
+   * The phrase ***"without admitting or denying"*** **appears 123 times** on a [182 page PDF](https://files.brokercheck.finra.org/firm/firm_116797.pdf)
+   * The phrase ***"failed to"*** **appears 218 times**. Here are 4:
+      * FAILED TO ESTABLISH AND MAINTAIN SUPERVISORY SYSTEMS TO ACHIEVE COMPLIANCE
+      * FAILED TO IDENTIFY A SHORT SALE INDICATOR
+      * FAILIED TO DISPLAY CERTAIN OTC CUSTOMER ORDERS
+      * FAILED TO CLOSE OUT A FAIL TO DELIEVER
+   * The word ***"prevent"*** **appears 102 times.** Mostly in statements such as:
+      * PREVENT THE EXECUTION OR DISPLAY OF SHORT SALE ORDERS
+      * NO SUPERVISORY PROCEDURES TO PREVENT THE ENTRY OF ERRONEOUS ORDERS
+      * RISK CONTROLS FAILED TO DETECT AND PREVENT
+   * On March 25th, 2021 CITADEL RECEIVED A NEW CITATION FOR:
+      * "unintentionally" reporting internal transfers as normal securities transactions. This constituted 14% of all reported transactions
+
+It is apparent that the disciplinary actions- often a small fee- are not adequate to prevent this type of behavior. Furthermore, they have become a cost of doing business as is apparent through the company's indifference in admitting or denying the action.
+
+As a citizen of the United States and direct participant within the US stock market, I demand the SEC explain *WHY* these actions are being tolerated.
+
+**For those of you who feel the same, please attest by signing your Reddit username in the comment section below**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+I give the reader of this document my express permission to redistribute as they see fit.
+
+*Works cited: Under the security of my 1st amendment rights,* *I will not* *change the syntax of my work because my emotions are baked within their message.* 
+
+1.  [Citadel Has No Clothes](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/)
+2. [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)
+3. [Walkin' Like A Duck](https://www.reddit.com/r/Superstonk/comments/ml48ov/walkin_like_a_duck_talkin_like_a_duck/)
+Not a very good looking balance sheet. All social media was killed last week partly due to Apple making it easier to block permissions that benefit ads. Given the money ads produce for these apps, I don't see them not finding a way around this. Don't think the 40% drop is warranted. Surprised to see it sit at $10 since days opening
+This post is directly from an article by TradeSmith published Feb 2, 2021.
+
+https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/
+
+————————————————————-
+
+The tactics involved are not a secret. In fact, the Securities and Exchange Commission (SEC) knows all about such tactics, and published a “risk alert” memo on the topic in August 2013.
+
+The SEC memo is titled “Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations.” You can read it here via the SEC website. https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf
+
+The memo contains a dozen pages of highly technical language, but here’s a quick rundown:
+
+• If short sellers are facing a squeeze because shares are hard to buy, or scrutiny for holding an illegal short position, they can create an appearance of having closed their short position through the use of deceptive options trades.
+
+• A hedge fund that is short a stock can write call options on a stock — meaning they are now “short” the call options, having sold the call options to someone else (typically a market maker) — and simultaneously buy shares against the call options.
+
+• The shares bought against the call options could be “synthetic” longs — meaning they are not part of the original share float of the stock — as sold to the hedge fund by the market maker that takes the other side of the options trade.
+• This works because, if a market maker buys options from an options writer, the market maker has legal privileges to do a version of “naked shorting” as part of their hedging function. This is necessary, under the current rules and the current system, for market makers to protect themselves when facilitating options trades.
+
+• As a result of the above transaction, the hedge fund that sold short calls was able to buy synthetic long shares against the calls. (A synthetic share is one that has a long on one side and a short on the other but wasn’t part of the original float.) The synthetic long shares are the other side of the naked shorts, legally initiated by the market maker, so the market maker can hedge.
+
+• The hedge fund that bought the shares can now report that they have “bought back” their short position via buying long shares — except they actually haven’t! The synthetic shares they bought are canceled out against the short call positions they initiated, a necessity of the maneuver by way of the market maker’s hedging of the call position they bought from the hedge fund.
+It gets very complicated, very fast.
+
+But the gist is that hedge funds can use tricks to make it look like they’ve covered their shorts — even if they haven’t truly covered, and can’t, for lack of available float — by way of exploiting loopholes that exist due to an interplay of reporting rule delays, market maker naked shorting exceptions, and legal practices of synthetic share creation (new longs and shorts made from thin air) relating to market-making.
+
+Below is a section of the SEC memo (from page 8) that gets to the heart of it:
+
+“Trader A may enter a buy-write transaction, consisting of selling deep-in-the-money calls and buying shares of stock against the call sale. By doing so, Trader A appears to have purchased shares to meet the broker-dealer’s close-out obligation for the fail to deliver that resulted from the reverse conversion. In practice, however, the circumstances suggest that Trader A has no intention of delivering shares, and is instead re-establishing or extending a fail position.”
+
+In plain language, “Trader A” in SEC parlance could intentionally be giving the appearance of closing their illegal short position — when in reality they have no intention of doing so (or no ability to do so).
+
+Under normal circumstances, tricks like these were used to help hedge funds maintain short positions that, legally speaking, they weren’t supposed to have because the shares were never properly located.
+
+As a side note, the answer to this problem likely resides in the blockchain.
+
+Apart from market maker privileges, the three big reasons hedge funds can play games with short positions — delayed reporting requirements, time windows of days (or even weeks in some cases) for trades to settle, and related transactions being executed in different places, or with different counterparties, for the sake of deception — could all be answered with a blockchain-based settling and clearing system where transactions are noted instantly and made visible to all parties (plus the SEC).
+
+—————————————————————
+
+We’ve seen multiple DD talking about this yet we’ve overlooked it every time by not digging into it as much as possible, when this is how they’re hiding their short positions! The short percentage is well over 100% still and this is proof of that. So all our focus needs to be here! This is the stuff we need to demand SEC to make changes on not the bull shit rules they have been proposing. We need thorough research papers done on just this alone. 
+
+- I propose we get funding to get actual lawyers to look into the legalities of these  hedge fund tactics and synthetic shares as well as if these tactics are breaking current SEC rules. 
+
+- I also think we need to find solutions that could counter these manipulative hedge tactics. 
+
+-Lastly, I propose we set up a fund raiser to fund other things like paying people to publish research reports and actual news reports on these things that the current media refuses to report on. We spend all this money into our favorite stonks that get shorted to shit and continue to be manipulated but we spend none of that money towards the things that could help tell our side of the story, help inform others, or make researched professional articles/papers that no one could deny the credibility of, and ultimately what helps us win against shorts.
+
+
+Edit: I wanna point out that this is the dangers of having a company that is both a Market-maker and a Hedge fund! Aka Citadel (hedge fund) & Citadel Securities (Market Maker) 
+
+1. The hedge fund that’s short (Citadel) can ‘write’ their own Options and sell it to the market-maker (Citadel Securities) 
+2. Then the market-maker (Citadel Securities) can legally create a “synthetic” long position to be able to ‘hedge’ against the other side of the options trade they bought from the hedge fund (Citadel).
+3. And in return the market-maker (Citadel Securities) can now sell this new ‘synthetic’ long position to the hedge fund (Citadel), which can now use it to say/make it look like they’ve bought back their short position.
+Nice example of a contrarian research note from David Rosenberg [here](https://site.rosenbergresearch.com/wp-content/uploads/2021/03/Free-Special-Report_Fade_the_Front_Cover_2021_03_08_Marketing_Upgrade.pdf?utm_source=Special%20Free%20Report&utm_medium=Email&utm_campaign=2021_03_08_Fade%20the%20Front%20Cover&utm_term=Email%20link&utm_content=Upgrade). 
+
+**Excerpt:** The economy did collapse back then, but the government did not blow its brains out on fiscal largesse. So, we went into the 1920s with tremendous pent-up demand once the crisis ended, and balance sheets were in far greater shape. Government debt-to-GDP was 10 per cent — not over 100%. And that better public sector balance sheet allowed the federal government to CUT taxes by the mid-1920s — top marginal rates for corporations were initially raised from 10 per cent in 1920 to 13.5 per cent by 1926 but cut to 11 per cent by the end of the decade; for individuals, the rate went from 58 per cent after the war to 24 per cent by 1929. Does anyone think taxes are going to be coming down in the US any time soon?
+
+**Tl;dr:** There are major differences between the end of this pandemic and the end of the Spanish flu, notably business productivity, capital allocation, tax rates, starting valuations of the stock market, demographics and especially government debt levels. We are unlikely to see a repeat of the roaring 20s this decade. 
+
+**Additional lesson:** When multiple mainstream business publications are pushing the same narrative on their covers it often pays to go the other way.
+Interesting to see the questions they ask. Right now it's just a call to get stories from people, but I'm curious to listen to the final piece.
+
+*"For many Americans, retirement is no longer the long vacation they once imagined. More older adults are in the workforce than ever, either because they want to work or they need the money. Or both.
+
+If you're 60 or older, please tell us about your experience in putting together the puzzle of work and retirement.
+
+You may be contacted by an NPR reporter or producer, and your responses may be used in an upcoming project."*
+
+https://www.npr.org/2018/04/03/597652164/tell-us-are-you-unable-to-retire-or-retired-but-back-to-work
+1. **Bank of England (UK's central bank and one of the World's oldest central banks) says negative interest rates are ‘under review’ for first time in it's 300+ year history**
+
+   Source:  [https://www.ft.com/content/68ce522a-3587-4cce-9bb2-b5efed5eaeba](https://www.ft.com/content/68ce522a-3587-4cce-9bb2-b5efed5eaeba)
+
+2. **UK Gov bonds as well hit negative rates:  The interest rate in a gilts auction fell below zero for the first time.**
+
+   Source:  [https://www.ft.com/content/3d576f71-6833-4a55-8b8c-f4abfb0ca172](https://www.ft.com/content/3d576f71-6833-4a55-8b8c-f4abfb0ca172)
+
+   [https://www.marketwatch.com/story/britain-sells-its-first-bonds-at-a-negative-interest-rate-2020-05-20](https://www.marketwatch.com/story/britain-sells-its-first-bonds-at-a-negative-interest-rate-2020-05-20)
+
+
+3. **Housing loans in Denmark are already being marketed at -ve interest rates.**
+
+   Source: [https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgage](https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgage)
+
+4. **Negative rates on Deposits. Depositors being charged to keep deposits in Bank.**
+
+   Source: [https://www.reuters.com/article/us-ubs-group-negative/ubs-plans-to-charge-rich-clients-for-swiss-cash-deposits-idUSKCN1UQ26A](https://www.reuters.com/article/us-ubs-group-negative/ubs-plans-to-charge-rich-clients-for-swiss-cash-deposits-idUSKCN1UQ26A)
+
+   [https://www.theguardian.com/business/2019/aug/06/raking-it-in-ubs-to-start-charging-super-rich-clients-for-cash-deposits](https://www.theguardian.com/business/2019/aug/06/raking-it-in-ubs-to-start-charging-super-rich-clients-for-cash-deposits)
+
+ Edit1:
+
+5. **Sweden's Riksbank** was also the first central bank in the world to implement a negative interest rate. And the **first bank to introduce central bank digital currency,the e-krona, to replace physical cash**.
+
+   Source: [https://en.wikipedia.org/wiki/Sveriges_Riksbank](https://en.wikipedia.org/wiki/Sveriges_Riksbank)
+
+ Edit2:
+
+6. **Considering, China & Russia have accumulated 2000+ tonnes of Gold with massive buying in the last decade. And considering the current sanctions on Russia and renewing trade war/decoupling with China; What happens to USD as global reserve currency??**
+
+   Source: [https://www.gold.org/goldhub/data/monthly-central-bank-statistics](https://www.gold.org/goldhub/data/monthly-central-bank-statistics)
+
+   [http://www.usfunds.com/investor-library/frank-talk/top-10-countries-with-largest-gold-reserves/#.XsZnW2gzZHY](http://www.usfunds.com/investor-library/frank-talk/top-10-countries-with-largest-gold-reserves/#.XsZnW2gzZHY)
+
+   Source: [https://en.wikipedia.org/wiki/Currency_War_of_2009%E2%80%9311](https://en.wikipedia.org/wiki/Currency_War_of_2009%E2%80%9311)
+
+
+## What are the implications of negative interest rates?
+
+What are the implications when interest rates of Bank of England, US FED, ECB turn negative, similar to how BOJ, and Swiss National Banks rates are negative currently (source below)??
+
+### How do Commercial banks work in this -ve interest rate environment?
+
+### Are we likely to see repeat of currency wars like 2009-2015??
+
+### And considering how India only has ~650 tonnes of Gold, what will this do to INR?? What are implications for INR? Will it depreciate?? Will it appreciate?? To what extent??
+
+### What happens to inflation? 
+### What happens to Gold?
+
+Other news: [https://www.bloombergquint.com/global-economics/negative-u-s-policy-rate-seen-by-early-2021-in-futures-market](https://www.bloombergquint.com/global-economics/negative-u-s-policy-rate-seen-by-early-2021-in-futures-market)
+
+[https://www.cnbc.com/2020/05/07/feds-harkin-doubts-likelihood-of-negative-rates-even-though-the-market-is-pricing-them-in.html](https://www.cnbc.com/2020/05/07/feds-harkin-doubts-likelihood-of-negative-rates-even-though-the-market-is-pricing-them-in.html)
+
+Current Central Banks rates:
+
+[https://www.global-rates.com/interest-rates/central-banks/european-central-bank/ecb-interest-rate.aspx](https://www.global-rates.com/interest-rates/central-banks/european-central-bank/ecb-interest-rate.aspx)
+
+
+I posted this earlier as well, but the thread got side-tracked. I'm really interested in what others think of this new development.
+
+Please stick to topic.
+With the current situation I'm afraid we're going to start seeing a ton of small (and large) businesses go bankrupt, unable to afford payroll and rent. Especially the ones who are "supporting their employees" by keeping them on payroll without any revenue coming in. When restaurants go bankrupt, banks lose. When airlines go bankrupt, banks lose. When all those employees from those bankrupt companies can't pay their mortgage or credit card, banks lose.
+
+IMO banks should be positioning themselves the best way possible to ride out this economic shitstorm that has barely even started yet. A credit crunch is coming and what are banks doing? Offering payment holidays, and making ppl feel "less stressed" when they lose their job. It's a good PR move but is not preparing them for the unprecedented credit losses that are only a few weeks away.
+Hi all, 
+
+This is mostly a rant, but I’m wondering if anyone else experiences this and what they’ve done about it. 
+
+My father-in-law is a very well paid, very gracious person. He’s very giving when people are in need and often tells the family stories about employees he has helped. Generally, this involves him providing them financial support in some way. 
+
+As nice as this is, he has started to direct this attention towards me and my partner. Often he will hand us cash after a visit or pay for expensive projects like home repairs. I’m grateful for the help he offers, and I don’t want to appear ungrateful, but my partner and I are not indigent. We are not needy, thanks in large part to a FIRE mentality, and it is starting to feel condescending. 
+
+I’ve had conversations with him in the past about finances that have skirted the edges of FIRE talk (I’ve never actually asked if he’s aware of FIRE) and from his reactions he clearly is out of touch with both how much the average person makes and how much someone needs to survive. I know his help comes from a place of compassion, but it’s almost as if he puts everyone who makes sub-100k into a kind of poverty bucket. Like, anything less than that is a recipe for guaranteed disaster or terrible life. 
+
+My partner and I do not spend a lot of money and certainly look like we don’t, but we do not need help. We don’t want to be ungrateful. We do, however, want this to stop. 
+
+Any suggestions?
+Hey Landlords! How do you accept online payments from your tenants?
+
+I just rented out my first rental and sent her a request for an e-check via PayPal for the first month and a deposit. I had forgotten that PayPal takes a percentage so it cost me about $75, so I don't want to use PayPal again. Oh, and it took about a week for the check to clear, and then PayPal held the payment for another week before I could put it into my account. Grrrr.
+
+I'm looking for a cheaper and better alternative than PayPal. What do you recommend?
+
+In the US (Washington State)
+**What’s up fellow smooth-brained Apes.** OG, day one Superstonk member here dropping my first DD. My brain is pretty smooth when it comes to financial matters, but I’ve grown a few wrinkles over the past 84 years of Hodling my favorite stonk. And I love horror movies. This inspired me to write a spooky DD focusing on the horrors awaiting anyone smooth-brained enough to remain short GameStop.
+
+**TL:DR-** Shorts are already living a nightmare. But it's about to get a whole lot worse.
+
+**How did we get here?**
+
+**IT FOLLOWS:**
+
+Greedy hedge funds and market makers took turns screwing retail investors and companies like GameStop, over and over again, and for decades they’ve gotten away with it.
+
+But then they fucked GameStop and didn’t realize they were about to be cursed by an unholy alliance of Ryan Cohen, devoted fans of the company, and autistic art of war tactics like buying and holding the stock, no matter the price.
+
+Then one day, they woke up, and noticed a strange group of dead-eyed, diamond-handed, retail investors slowly walking towards them. Inch by inch, they moved closer, never deterred, never sleeping, never slowing. They tried to shut off the buy button and managed to get far away from us for a bit…but we just kept walking, until one day, we showed right back up.
+
+Anyone still short GameStop has been living through a never-ending nightmare. They’ve been constantly pursued by an un-killable beast.
+
+Retail investors buying and holding the stock relentlessly for more than a year are now the equivalent of the supernatural force from the awesome horror movie, IT FOLLOWS.
+
+Guess they shouldn’t have fucked us right?
+
+**What Just Happened:**
+
+In case you’ve been sleeping underneath a rock, a van by the river, or tripping balls since last week, something incredible happened on Thursday March 31st. GameStop announced some tasty plans.
+
+**From the Gamestop 8k:**
+
+*"On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”)."*
+
+And…
+
+*“in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend and provide flexibility for future corporate needs. GameStop also intends to request stockholder approval at the Annual Meeting for a new incentive plan (the “2022 Equity Plan”) to support future compensatory equity issuances.*
+
+**So, GameStop wants to issue a stock dividend. And they want to increase the number of authorized shares up to 1,000,000,000.**
+
+How is a stock dividend different than a stock split? What are the implications for share price? What happens to you if you are short a stock that issues a share dividend?
+
+**Stock Split:**
+
+No new shares are issued from shares held in authorized reserve. Existing shares in the market are diluted by the split ratio (2 to 1, 3 to 1, etc.)
+
+Because no new shares are authorized, there is no need to document a split as a journal entry by the company performing the split.
+
+Anyone short the stock during a split has their share obligation multiplied by the dilution ratio:
+
+Generic Cuck Hedge Fund pre-split is short 5,000,000 shares of GameStop.
+
+After a 5 to 1 split, Generic Cuck Hedge Fund is now short 25,000,000 shares of GameStop.
+
+But the share price is also diluted 5 to 1, so their short position obligation is unchanged from a liability stand point.
+
+**Share Dividend:**
+
+New shares are issued by the company from shares held in authorized reserve. Existing holders that qualify (by certain dates, which we will examine below), will be awarded additional shares as a reward by the company.
+
+Because new shares are issued and awarded to holders, the company must create a journal entry. Let’s revisit our favorite fictional hedge fund again…
+
+Generic Cuck Hedge Fund pre dividend is short 5,000,000 shares of GameStop. Anyone short a stock is not entitled to a share dividend…
+
+**From Investopedia:**
+
+*"If an investor is short a stock on the record date, they are not entitled to the dividend. In fact, the investor is instead responsible for paying the dividend owed to the lender of the shorted stock that they borrowed."*
+
+After a 5 to 1 share dividend, Generic Cuck Hedge Fund is still short 5,000,000 shares of Gamestop. But now they have to also deliver an additional 25,000,000 shares, for a total liability of 30,000,000 shares.
+
+Uh Oh.
+
+From Investor.gov ([https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates](https://www.investor.gov/introduction-investing/investing-basics/glossary/ex-dividend-dates))
+
+*"Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).*
+
+*If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares."*
+
+**Smooth-Brained Math Time:**
+
+Generic Cuck Hedge Fund is short 5,000,000 shares of GameStop at the market price of $165.
+
+If they had to close this position right now at that price pre-dividend, that’s a cool $825,000,000. But Let’s say Generic Cuck Hedge Fund can’t or won’t close before the stock dividend. Generic Cuck Hedge Fund stays short 5,000,000 shares after a 5 for 1 share dividend (I know, I know, it’s going to be 7 for 1, but just stick with me).
+
+Now Generic Cuck Hedge Fund’s obligation is 30,000,000 shares…25,000,000 of which must be bought and delivered.
+
+Best Case Scenario for Generic Cuck Hedge Fund: The share price dilutes 5 to 1 and they can purchase 25,000,000 shares for roughly $33 a share…which is a cool $825,000,000, just to keep their position open.
+
+But here’s where things get very very very interesting…what if the stonk price isn’t diluted…but instead is exploding upwards leading up to the dividend being paid?
+
+Is there another stock example available?
+
+Oh yeah…Tesla.
+
+Credit to u/Money-Maker111 and Sam and Samgungraven for providing this data in a separate post you should totally check out: [https://www.reddit.com/r/Superstonk/comments/tuct86/write\_on\_dis\_with\_yorr\_crayons/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/tuct86/write_on_dis_with_yorr_crayons/?utm_medium=android_app&utm_source=share)
+
+Tesla, another heavily shorted company (but we all know not in the same stratosphere as GME), issued a 5-1 stock dividend in 2020.
+
+According to the data in the post above: Tesla rose from a 52-week low of $350 pre dividend announcement to $500.
+
+On the Date of Record for receipt of the dividend, the share price was $2,050.
+
+After the Stock dividend hit and shares were diluted 5 to 1, the share price was trading at $442.
+
+Post 5-1 stock dividend the stock then rose back up to $1200.
+
+**….. Let’s see what could happen to Generic Cuck Hedge Fund if they are smooth brained enough to not close before the dividend, assuming GME followed a similar pattern.**
+
+For this, let’s just assume GME did the same 5-1 stock dividend.
+
+GME 52 week low: $77.58
+
+GME rises at the same ratio as Tesla from the 52-week low as of the date of record for receipt…GME share prices would be approximately $454 per share (5.85 x the 52-week low of $77.58).
+
+After dividend issued (5-1): 454/5 = $90.80 per share.
+
+Then shares rise at the same rate post dividend (2.7x)���90.80 x 2.7 = $245 per share.
+
+SO…. Generic Cuck Hedge Fund can close their 5,000,000 shares short position for a total of $825,000,000 of stock, bought in the market.
+
+Or
+
+They can keep their short position of 5,000,000 open by potentially having to buy 25,000,000 shares (5 to 1 their original position) at a price somewhere between $90.80 and $245…
+
+90.80 x 25,000,000 = 2.27 billion dollars
+
+245 x 25,000,000 = 6.125 billion dollars
+
+Ouch.
+
+Remember, that is just to keep their 5,000,000 short positions open. If they want to completely close, tack on the cost of another 5,000,000 shares:
+
+Best case: 2.27 billion + (5,000,000 x 90.80)= 2.681 billion dollars
+
+Worst Case: 6.125 billion + (5,000,000 x 245) = 7.35 billion dollars
+
+Also, these prices are obviously way underselling reality.
+
+Good luck buying 5,000,000 shares of GameStop and not causing the price to shoot through the stratosphere in the process. But it's just too difficult to accurately model for the purposes of this example.
+
+**Good thing the shorts all closed in January 2021 right??**
+
+But…what if you were as dumb as a storm trooper and you “accidentally” naked shorted GameStop hundreds of millions of times?
+
+Nobody could be that dumb right?
+
+Right?
+
+Screw it, just for fun, let’s imagine there are 100,000,000 shares short that need to be closed in total (but we all know there’s a very strong possibility there are way way more than that).
+
+And let’s just imagine they want to close out all positions before the share dividend… Best case outcome (for shorts) = 100,000,000 x (90.80 per share) = More than 9 billion dollars.
+
+Worst case outcome (for shorts) = 100,000,000 x (245 per share) = 24.55 billion dollars.
+
+Remember, this is the cheaper option (closing before the dividend).
+
+Yikes!
+
+RIP Dumbass.
+
+# Let’s Play a Game
+
+**SAW:**
+
+A short hedge fund, a market maker, and a large broker lending shares wake up in a dark, dungeon like room.
+
+“Let’s play a game” RC speaking as Jig-Saw over a loud speaker. "In 90 minutes, the room explodes and you all die.”
+
+“How do we get out alive?” asks the large broker lending shares short.
+
+“You can recall your shares immediately and walk out,” says RC.
+
+“Great. Done.” The broker recalls their shares and gets the hell out of there.
+
+“But how do we get out alive??” Shout the market maker and short hedge fund.
+
+“You don’t," says RC, while flipping them the bird via security camera.
+
+Let’s be clear, Ryan Cohen just activated a countdown timer to oblivion. Remember that saying…”all short sellers are future buyers?”, well, RC just made sure that no matter what route they choose, shorts are buying the stock back. And he’s giving them a brutal, bloody choice to make.
+
+Close now if you can and maybe live to see another day (this is the saw equivalent of chopping your own legs off and trying to escape).
+
+Or… Stay in the room until it explodes (this is the dividend date).
+
+Now that we have a rough timeline (shareholder meeting I believe is set for June 2nd per ComputerShare information).
+
+I suspect by mid-summer the dividend would be issued. So shorts have about 3 months to figure out what they’re going to do. Or do they?
+
+**Total (share) Recall:**
+
+(I know this is a stretch and not actually a horror movie...but it's too good)
+
+Brokers lend shares for borrowing fees all the time.
+
+But one day, they wake up with violent memories of Mars…in fact it’s a bunch of Ape’s revolting in space. And then, their dreams start to become reality when Ryan Cohen and GameStop drop their bombshell 8k on March 31st.
+
+Here’s a fun fact.
+
+Brokers lending shares GameStop are entitled to dividend shares. 
+
+For retail investors, shares issued as a dividend are tax free until the investor sells the shares. Cash dividends on the other hand are taxable events up front. Brokers that own shares utilize a huge tax benefit when receiving dividends known as DRD (Dividends Received Deduction). This is a massive tax write off on the order of many tens to hundreds of millions of dollars depending on how many shares are owed and the value of those shares.
+
+But…if shares are lent out to shorts on the ex-date, the subsequent dividend is not eligible for DRD, creating a large avoidable tax liability for brokers lending shares. *(Any wrinkle brained Apes with more experience in tax law please feel free to chime in and add context or correct me if I am mistaken on this).*
+
+Now that the stock dividend has been announced, brokers have considerable downside risk for keeping their shares on loan.
+
+I strongly suspect that sometime between Monday and the shareholder meeting in June, there’s going to be a massive (total) share recall by most brokers lending shares.
+
+Huh…that sounds sort of like an event that could force many many millions of short positions to close.
+
+Interesting.
+
+**What I Think Happens:**
+
+I think the three most relevant parties at risk between now and dividend ex date are:
+
+1)Brokers lending shares
+
+2)Hedge funds borrowing shares
+
+3)Market makers or hedge funds naked shorting the stock (probably with positions too large too close and survive).
+
+Brokers lending shares have every right and incentive to call back their shares. That’s highly likely to happen in large numbers, forcing the hands of funds borrowing those shares to short GameStop.
+
+Anyone borrowing shares that’s “fortunate” enough to not have their shares recalled by a broker and that has a short obligation small enough to survive closing…is absolutely going to close.
+
+Once shares begin being recalled or someone begins closing significant positions, it’s going to ignite an incredible amount of upwards pressure on the stock price.
+
+Once the chain of recalls and closures ignites, it’s going to be nearly impossible to contain.
+
+But I suspect some market makers (Citadel) will not close their positions pre-dividend. Instead, they’ll pray to be saved by a miracle that isn’t coming. And then they’ll be devoured and liquidated.
+
+The Tesla data isn’t a perfect comparison for many reasons, but it’s the best recent example I know of that demonstrates how incredibly bullish a stock dividend is for holders, and how brutal it is for short positions.
+
+I believe that there are hundreds of millions of naked short positions, and that short interest is astronomically higher than what is listed. There has been so much incredible DD written about this that I don’t feel the need to dive into it for the purposes of this post.
+
+So, if we are correct, and short interest is many times greater than Tesla’s short interest at the time of their dividend, I think much more violent upwards moves are almost certain (and much higher prices than I listed above).
+
+I think a Tesla like squeeze undersells even our worst case price action scenario.
+
+None of this is financial advice of course. I just like the stonk.
+
+But I do advise you to buckle the fuck up.
+
+​
+
+**Update:**
+
+**Thanks so much for the engagement and support of the original post. I wanted to create an update that addresses some common questions and expands upon ideas in the original post.**
+
+​
+
+**No One Gets Out Alive (Except Brokers lending shares)**
+
+Fidelity moves into a dingy transitional apartment in a rundown section of Cleveland, and immediately things go awry. Sure, the rent is cheap (great borrow fees for lending shares), but there are these god damn ghosts that keep stalking poor Fidelity throughout the house. And the landlord (market maker) seems like he’s hiding something nefarious.
+
+So, Fidelity asks for their security deposit back (their shares) and unlike in the movie…doesn’t ever go back in that building again (I won’t spoil what happens for those who haven’t seen it). Meanwhile our old friends Market Maker and Generic Cuck Hedge Fund (GCHF), are brutally murdered by ghosts. Oh shucks, that’s too bad.
+
+I’ve received a ton of great comments asking what happens if brokers don’t recall their shares or suggesting that there will be widespread collusion to not do so.
+
+There have also been some interesting prisoner’s dilemma references. Let’s unpack this a bit more.
+
+First, let’s talk about a prisoner’s dilemma.
+
+​
+
+**Per Investopedia again:**
+
+​
+
+*KEY TAKEAWAYS*
+
+*•	A prisoner's dilemma describes a situation where, according to game theory, two players acting selfishly will ultimately result in a suboptimal choice for both.*
+
+*•	The prisoner’s dilemma also shows us that mere cooperation is not always in one’s best interests.*
+
+*•	A classic example of the prisoner’s dilemma in the real world is encountered when two competitors are battling it out in the marketplace.*
+
+*•	In business, understanding the structure of certain decisions as prisoner's dilemmas can result in more favorable outcomes.*
+
+*•	This setup allows one to balance both competition and cooperation for mutual benefit.*
+
+​
+
+So, do we have a true prisoner’s dilemma scenario between the three most important parties at risk now that a share dividend is happening?
+
+Party 1: Market Maker, copiously naked shorting the stock for a long time and originally at much cheaper share price levels.
+
+Party 2: GCHF (short hedge fund), borrowing shares from brokers for interest fees to short GameStop, also presumably originally at much cheaper share price levels.
+
+Party 3: Broker lending shares for fees to make extra cash. (We are assuming the broker in this scenario is net long on GME, hence they are lending real shares they own).
+
+​
+
+When RC started his “game” in the saw scenario above, he set the stakes (the room explodes in 90 minutes = ex-dividend date).
+
+It becomes clear right away that one of the 3 parties involved in the game (the broker who is long GME), has every incentive to bail as fast as possible. That’s the beauty of RC and the board’s plan to crush shorts with a share dividend.
+
+A broker’s ultimate goal is to make money, accumulate assets, and gain market share.
+
+When they are issued a large share dividend (a bunch of new shares of GameStop or a spinoff from within the company), they are gaining valuable assets. But those assets become a substantial tax liability if their shares are on loan by the ex-date (they do not qualify for the DRD tax savings).
+
+​
+
+**If we personify a broker, the scenario looks like this once the announcement was made:**
+
+I could keep lending my shares, get wrapped up in a giant mess of a short squeeze, and be on the hook for substantial tax liability.
+
+The only upside for me is to keep collecting borrow fees (which in the grand scheme of things are a very small positive financial win for me).
+
+​
+
+Or:
+
+​
+
+I can recall my shares before the dividend ex-date. I get a fat tax deduction, I have no skin in the bloody game that’s about to unfold, and I get to watch competitors hang by the rope I sold them. Sounds perfect to me!
+
+I started digging around for evidence that supports my theory that the weak link (and biggest liability facing shorts) are brokers lending shares being highly likely to recall them very soon.
+
+​
+
+**Check this out:**
+
+​
+
+**JACOB R. THORNOCK: The Effects of Dividend Taxation on Short Selling**
+
+​
+
+*“Using a proprietary dataset of short lending fees and quantities, I* ***find evidence that the supply of shortable shares decreases and lending fees increase around the dividend record date. Moreover, I find greater increases in lending fees and decreases in loan supply for lenders that are sensitive to dividend taxation. The loan fee increase and loan supply decrease are consistent with a tax-induced shift in the loan supply curve.”***
+
+*(If anyone has access to the full paper hit me up and I will dive into it more deeply.)*
+
+But the premise is straight forward and tit jacking.
+
+Supply of shortable shares decreases around dividend record date. This is because lenders sensitive to dividend taxation want to qualify for DRD.
+
+​
+
+**From Investopedia again:**
+
+​
+
+***When the Broker Wants to Sell Loaned Shares***
+
+*If the firm is unwilling to continue to lend shares to the short seller, it can require them to close their position.* ***The brokerage firm has the right to call any short seller to return the shares at any point. In this case, the short seller will have to return the shares to the brokerage firm by purchasing them on the market, regardless of whether they end up incurring a loss or a profit based on the current market share price.***
+
+*If you are the one whose shares are being lent out by your broker to a short seller, your part in the short sale transaction will have no effect on your ability to sell the shares. During the short sale, your shares are the ones currently being designated as lent out by the brokerage firm, but the broker essentially owes you shares. When you want to sell the shares, the broker is required to replace your shares so you may sell them on the market.*
+
+​
+
+Oh boy.
+
+So, let’s put it back together for the smoothest of smooth among us.
+
+Brokers lending shares have the right to call any short seller borrowing their shares at any time. The short seller will have to return the shares by purchasing them on the market.
+
+Brokers historically do recall shares when dividends are announced, this decreases shortable share supply, because brokers are highly motivated to qualify for DRD.
+
+​
+
+**Let’s take it a step further…**
+
+​
+
+Remember, this is just talking about dividends in general, which are often small cash rewards. Even a small dividend motivates shares to be recalled.
+
+A multiple share dividend like GameStop is proposing is a substantial dividend (cash value wise) relative to most.
+
+Let’s say GameStop issues 5 shares as a reward for every 1 share.
+
+That’s easily greater than $100 in value, for every share a broker owns. You know what would suck? Having to pay taxes on hundreds of millions of dollars in dividends (if you owed millions of shares), instead of being able to deduct all of it.
+
+Sounds like great motivation to call back shares before the ex-date.
+
+I am 1000% sure that RC and the GameStop must realize this as well. It’s a brilliant strategy move, to create a large incentive for brokers to sabotage your true enemies for profit.
+
+​
+
+**US:**
+
+A timid class-A share of GameStop wanders into a creepy fun house that sits upon a pier in coastal California. Inside, there are mirrors, hundreds, and hundreds of mirrors. Our poor share is so lost and scared, wandering around in the dim halls, staring at its own reflection a thousand times over…thousands of fake shares.
+
+The timid little share approaches a mirror and sees its own reflection…but something is off. The mirror share smiles differently. Then, suddenly, it reaches out through the mirror and chokes the shit out of the timid little share.
+
+Cut to black.
+
+​
+
+So, GameStop is issuing a share dividend. In the original post I touched on how that’s very different than a stock split.
+
+As a reminder:
+
+\-A stock split divides existing shares into pieces.
+
+\-No new shares are issued. Share value dilutes by the division ratio (2 to 1, 3 to 1, etc.).
+
+\-Because no new shares are issued, anyone short the stock during a split has an unchanged liability (from a cash standpoint).
+
+\-The company approving a split does not need to account for this with a journal entry.
+
+​
+
+Vs.
+
+​
+
+\-A stock dividend does nothing to existing shares. No shares are divided.
+
+\-New shares are issued from reserve shares. Shares tend to be diluted in value but the dynamics of price dilution are much more complicated (and bullish).
+
+\-The company approving a share dividend must account for this with a journal entry.
+
+​
+
+**Ok great, new shares, got it. But how do we know which shares are real? What if they all look real (like the fun house)?**
+
+​
+
+From my understanding we have a few things working in our favor.
+
+First of all, GameStop is issuing the shares, which are then distributed. There is no role for a market maker in this process. These shares never hit the open market before distribution (remember market makers are the ones who can legally naked short…for LIQUIDITY!).
+
+But let’s get spicier.
+
+What if GameStop issued shares that look a little different than their original Class A stock? What if these shares smiled creepily and could choke the shit out you (like in our US funhouse of mirrors).
+
+Remember from the original post, I referenced something from Investopedia:
+
+*"Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company* ***or in a subsidiary being spun off****."*
+
+Hmmm…
+
+Has there been any solid evidence that GameStop could be planning a subsidiary spinoff from within the company?
+
+Yes.
+
+GameStop Entertainment.
+
+I think it’s highly possible that the share dividend will be new shares for GameStop Entertainment as a subsidiary.
+
+It would be pretty difficult to create phantom shares for something that up until the actual distribution and implementation of the share dividend…never existed on the open market.
+
+**To be clear, I believe the share dividend crushes shorts regardless of if it’s for regular GameStop stock or for a spinoff.**
+
+​
+
+**But imagine if it is a spinoff…**
+
+​
+
+And suddenly, shorts now have to purchase potentially hundreds of millions of shares of this new spinoff, many of which will not be for sale (Diamond handing holders).
+
+​
+
+Well…that sounds like a squeeze play to me.
+
+​
+
+What if we get two squeezes simultaneously? GameStop class A stock and GameStop Entertainment stock…
+
+​
+
+Hmmm.
+
+​
+
+Well that would suck if you were short the stock. The shorts must be so relieved they closed all their positions back in January 2021 right?
+
+​
+
+**What about tokenized stock and blockchain?**
+
+​
+
+I still believe this is the future of markets writ-large. It’s possible that GameStop goes this route right away, but I am skeptical it’s the first play they make.
+
+​
+
+There are significant technical and mass adoption hurdles to clear to deploy a fully tokenized block chain stock market…and I just don’t think we’re at that moment in time…yet.
+
+​
+
+There are some other downsides in the short-term. Even though Overstock won their case, it created significant legal drama, expense, and if they had lost, it could have derailed their entire plan.
+
+​
+
+I don’t think GameStop needs to issue an NFT dividend to start this catastrophic chain of events (for shorts).
+
+​
+
+But…
+
+​
+
+What if the shorts were crushed once by the GameStop share dividend (or twice simultaneously via the spinoff stock).
+
+​
+
+And then, in the near-mid-term future, they are crushed again when GameStop tokenizes their stock and deploys a fully blockchain backed market place, removes their stock from the DTCC, and completely unseats standard markets as the place of choice to buy and sell securities.
+
+​
+
+This is pure speculation on my part, but it could be a possible future arrow in the quiver.
+
+​
+
+**Tesla Related Thoughts:**
+
+There have been a number of great questions and thoughts about the numbers in my original post, how accurate is it to compare our situation to Tesla, and how accurate are my prices.
+
+The Tesla example is far from perfect to model what GameStop’s squeeze will look like. To be honest, I don’t think anyone can truly know for sure, this is an absolute black swan event.
+
+The only real purpose of using a Tesla like dividend and squeeze scenario is to create a simplistic model that clearly demonstrates that even under the best-case scenario for shorts, they are about to be wrecked.
+
+That being said, I fully believe that we are looking at a much more volatile (and expensive) squeeze play.
+
+​
+
+**This is because:**
+
+\-Short interest for GameStop is higher (as was published and verified by the SEC in their “report”. Unless you believe shorts closed (they didn’t…), then we have every reason to believe this is true and working in our favor.
+
+\-Tesla has devoted fans, but there was not an autistic army of Apes buying and holding it at any price, and removing shares from the DTCC (via DRS).
+
+\-GameStop’s tradable float is tiny.
+
+​
+
+**So…how high can prices go?**
+
+I have no idea.
+
+But there’s no good reason to believe that prices like phone numbers are not possible (or even highly probable).
+
+​
+
+***“Your numbers are unrealistic, there’s no way that generic cuck hedge fund (GCHF) could even find 5 million shares to close immediately at $165 without significant price escalation…”***
+
+Yep!
+
+Totally agree. That’s what is so incredible for us. Good luck finding millions of shares to buy (for affordable prices) when a huge chunk of the float is locked up already and Apes aren’t selling.
+
+​
+
+**Wrapping Things up:**
+
+Thanks again for the awesome engagement around the original post. Let's keep the discussion going and if you think we're onto something juicy here, share it with friends, family, and the world.
+
+As always, if you have something you think compliments what I've written, please let me know, and I'll try to address it. Or if you think I'm way off on something, let me know. I don't care about being right up front, I just want to help elevate the most promising ideas so that everyone can benefit.
+
+​
+
+​
+
+​
+
+​
+
+​
+
+​
+>Amazon employees in 20 countries are preparing to strike on Black Friday as part of the "Make Amazon Pay" campaign.   
+>  
+>The campaign includes a coalition of 70 organizations, including Greenpeace, Oxfam, and Amazon Workers International.  
+>  
+>The protests come amid mounting dissent from Amazon employees over working condition and union busting. 
+
+This seems like a one more strike that is going to have no effect on working conditions, stock or anything really. Share what you think.
+Hello Traders! Starting now on, every weekend discussion will be for Loss P\*rn and Gain P\*RN. We want to show off some gains and give rewards to the unfortunate who lost their mortgage  
+
+\- Use [Imgur.com](https://Imgur.com) or other links to show off your glorious gains, losses and recoveries 
+
+Still use this is a unfiltered discussion threads. Mention tickers you are happy about and tickers you will enter soon 
+
+**NEW SUGGESTION**: Add your entry, exit and stop loss for the positions. This is a community to learn
+
+**Downvotes are discouraged. Be friendly, Add** 🚀🚀🚀 **and happy trading**
+
+**Use $SYMBOL FORMAT**  ($BB or $[BB.TO](https://BB.TO))
+What are your plays for the next week?
+What you buying and selling?
+What were your best plays? 
+
+Remember this is a community to learn. 
+
+**Downvotes are discouraged** 
+
+
+**Sort by New to find the best daily play**
+
+Add 🚀🚀🚀 if you serious
+from their report:
+
+>In early 2016, the SEC informed us that it had initiated an investigation into whether there have been any violations of the federal securities laws. The SEC has requested that we voluntarily provide it with documents and information relating to, among other things, our consolidation policies and practices (including our prior practice of accounting for Cainiao Network as an equity method investee), our policies and practices applicable to related party transactions in general, and our reporting of operating data from the 11.11 global shopping festival. We are voluntarily disclosing this SEC request for information and cooperating with the SEC and, through our legal counsel, have been providing the SEC with requested documents and information. We believe we have fully responded to the SEC’s inquiries. The SEC advised us that the initiation of a request for information should not be construed as an indication by the SEC or its staff that any violation of the federal securities laws has occurred. Our management believes that the risk of loss in connection with this proceeding is currently remote and that this proceeding will not have a material adverse effect on our financial condition. However, in light of the inherent uncertainties involved in this and similar proceedings, some of which are beyond our control, the risk of loss may become more likely and an adverse outcome could be material to our results of operations or cash flows for any particular reporting period. See note 2 to our audited consolidated financial statements included in this annual report for more information on our provisioning policy with regard to legal and administrative proceedings.
+
+and,
+
+>In 2015, we and certain of our current and former officers and directors were named as a defendant in seven putative shareholder class action lawsuits filed in the United States District Courts by shareholders asserting claims pursuant to the U.S. Exchange Act and three putative shareholder class action lawsuits filed in the Superior Court of the State of California by shareholders asserting claims pursuant to the U.S. Securities Act. The lawsuits allege that the registration statement and prospectus filed in connection with our initial public offering and various other public statements contained misrepresentations regarding our business operations and financial prospects, and failed to disclose, among other things, regulatory scrutiny by the SAIC prior to our initial public offering. The District Court lawsuits were centralized in the Southern District of New York under the master caption Christine Asia Co., Ltd. et al. v. Alibaba Group Holding Limited et al., No. 1:15-md-02631-CM (S.D.N.Y.). In June 2016, the Southern District of New York issued  
+>  
+>an order granting Defendants’ motion to dismiss without leave to amend. The order held that Plaintiffs failed to plead that Defendants made actionable misstatements or omissions or that Defendants acted with scienter. In December 2017, following an appeal by the plaintiffs, the Second Circuit Court of Appeals issued a summary order vacating the Southern District of New York’s dismissal order and remanding the case to the Southern District of New York for further proceedings. In May 2018, the Southern District of New York certified a class of all persons and/or entities that purchased or otherwise acquired our ADSs or purchased call options or sold put options on our ADSs between September 19, 2014 and January 28, 2015, inclusive, with certain exclusions. On April 29, 2019, we announced that defendants had entered into a settlement agreement to resolve the lawsuits. Under the terms of the settlement agreement, we agreed to pay US$250 million in exchange for a full release of all claims brought in the lawsuit. The settlement agreement expressly provides that the settlement does not constitute an admission or finding that the claims asserted had any merit. On October 16, 2019, the Southern District of New York entered a judgment approving the settlement and dismissing the lawsuit. The California lawsuits were consolidated under the caption Gary Buelow, et al. v. Alibaba Group Holding Limited, et al., No. CIV-535692 (San Mateo Sup. Ct.). In December 2016, the Superior Court sustained our demurrer to the complaint in part and denied it in part. In January 2017, we answered the consolidated complaint, asserting a general denial as to all allegations and setting forth affirmative defenses. In March 2018, plaintiffs filed a motion for class certification, requesting, among other things, that the Superior Court certify a class of all persons who purchased or otherwise acquired our ADSs pursuant or traceable to the Registration Statement issued in connection with our IPO. This motion was not ruled on by the Superior Court. On December 31, 2018, we announced that defendants had entered into a settlement agreement to resolve the consolidated class action lawsuit. Under the terms of the settlement agreement, we agreed to pay US$75 million to settle the lawsuit in exchange for a full release of all claims brought in the lawsuit. The settlement agreement expressly provides that the settlement does not constitute an admission or finding that the claims
+
+​
+
+It looks like this company has a bad culture of reporting
+
+it's so sad because I really want to buy shares. such a good business , so cheap but such a shity management
+I'm aware this is a value investing sub, which is precisely why I want to raise this question here as opposed to elsewhere. 
+
+I have a friend Dave. He's made a lot of money over 2020 to now in the market (~500% TTM). Yes, one could have thrown darts at the board with their eyes closed TTM and made lots of money. 
+
+However, seems to have had good picks. Recently Dave recommended increasing his stake in Moderna and for me to buy it. 
+
+There was reasoning behind it. Something along the lines of "they're going to need more doses and it's probably going to be Moderna supplying them". 
+
+As a value investor, buying Moderna in July is just forbidden. However it has doubled. I get text messages from Dave "told you so". 
+
+Keep in mind, Dave has only started to be in the market in 2020. Dave bought Afterpay at $10 and held it through to now (at $125) **without even knowing how the company made money**. 
+
+Dave bets on hype and market buzz, and via reading the news stories. He also sold most of his holdings prior to the March 2020 crash. He trades mostly on intuition and asking people questions, seeing what's buzzing.
+
+Is there merit to Dave's strategy? I'm experiencing FOMO. 
+
+I don't mean to sound pathetic here seeking sympathy etc. But could it be that I'm complicating things more than they are? 
+
+It seems so simple. Right now there are more retail investors than ever before in the market. It's reminiscent of when online poker got legalised for the first time in the US. Amateur players were making KILLINGS doing simple value bets like jamming with a flush and getting called despite never bluffing.
+
+It was easy peasy then. Is it easy peasy now? We saw HOOD spike +100% and then get dumped. In hindsight, it just seems so easy to buy at IPO and then sell even after a 20% gain. 
+
+Is this the wrong time to value invest and instead the time to play a simple market?
+*Video summary:* [*https://youtube.com/watch?v=Ooszlh7ZxwI&feature=share*](https://youtube.com/watch?v=Ooszlh7ZxwI&feature=share)
+
+One of the most overlooked stocks on the American stock market is Dropbox. I personally love it. It's got a lot of potential and the recent drop in price opens up an excellent opportunity for new investors.
+
+# Dropbox at a glance
+
+So, why should we care about Dropbox? Simple. It's a well-performing business that keeps beating analyst expectations. In fact, Dropbox does not have a single earnings or revenue expectations miss since they floated on the stock market! Yes, Dropbox's growth may be slowing down a tiny, tiny bit, but it is still double digits. This growth is likely led by the overwhelming switch since last year to working from home. A lot of people are also starting their own small businesses and they need solutions like Dropbox to help them organise their files, documents and so on. So, the question is, what does Dropbox actually do? Their flagship product, Dropbox, is a cloud storage solution similar to Google Drive, One Drive, iCloud and so on. Essentially, you can store files on Dropbox and synchronise and share them across PC, mobile, tablets and so on. However, Dropbox is actively striving to become a workspace platform or a smart workplace. Over the last three years they have also acquired HelloSign and DocSend that provide even more capabilities to its users. HelloSign provides the ability to send, receive and manage legally binding electronic signatures, whereas DocSend allows you to securely share documents with other people or businesses, track their usage, provide NDAs, meaning Non-Disclosure Agreements, eSignatures, watermarking and so on. Overall, these three services provide the backbone of the Dropbox product offering. However, Dropbox continues to look for new ways to improve and expand and have recently introduced three new features: Capture, Replay and Shop. I am really interested in the Shop feature, I think that has a lot of potential, but it's still too early to tell. If it goes well though, it could become a very successful marketplace for digital content.
+
+# Earnings, revenue and key metrics
+
+This all sounds really good, but let's look at the numbers. Always look at the numbers before you invest ***especially*** these days when there are so many companies that talk a lot, but have nothing to show for it. Like a lot of modern tech companies, the Dropbox business model revolves around subscriptions and that means it is relatively predictable. As long as users are satisfied with the product, they will continue using and paying for it. In Q3 of 2021, Dropbox had over 700 million registered users with 16.49 million paying users up from 15.25 million last year and those include both individuals and business subscriptions. Dropbox's business model focuses on converting existing users into paying users and we can see it's obviously working from this increase of 8.1% in the number of paying users per year. What Dropbox also does is upsell to existing users and nudge them to upgrade to premium plans, purchase additional licences and so on. As they say though, the proof is in the pudding. Over the last year, Dropbox has managed to increase the average revenue per user to $133.79 compared to $128.03 last year, which is a steady increase of 4.5%. When combined with the increase in paying users, that results in an increasingly profitable business and, as a result, Dropbox shows consistent growth every single quarter. Dropbox had 9 consecutive quarters of rising earnings, but broke their streak in the latest one. Q3 of 2021 showed a tiiiny dip from $0.40 to $0.37 dollars EPS, but that is still up 42% since last year. On the flipside, their revenue has grown every single consecutive quarter since they floated on the market with an average revenue growth of 12.5% to 19% year-on-year. Dropbox's revenue for Q3 was $550.2 million compared to $487 million last year so an increase of 12.9%. We can also see a decent increase in Dropbox's free cash flow of 18.4% to $221.5 million in Q3 of 2021.
+
+# Expectations
+
+Going forward, analysts expect that Dropbox will see a 9.8% increase in revenue next year and a 6% increase in earnings. This doesn't sound like much, but it follows after one of Dropbox's best years so far. Plus, analysts keep pushing their expectations up, which, again, means that Dropbox is performing better than expected. That's important because that's what drives the share price up! There have been 7 Q4 earnings revisions in the last 90 days and all 7 of them have been upward revisions. There has also been 9 revenue revision for Dropbox's full-year 2021 revenue in the last 90 days, 8 of which have been upward revisions. Overall, this bodes well for Dropbox's performance.
+
+# Leaner operations
+
+Also, I've noticed something which a lot of investors and analysts are overlooking right now, but it is extremely, extremely important in my opinion. The operating expenses of Dropbox have barely moved since December 2019 while their revenue has grown by 26% and their free cash flow has increased by 80%. Lean operations are what good tech businesses are all about so this is a really, really big plus for Dropbox in my books. Dropbox has high gross margins, currently 81% compared to the 80% last year and improving operating margins with 29.3% right now versus 23.0% last year.
+
+# Founder is still in business
+
+Another bullish argument for Dropbox is the fact that the founder Andrew Houston still owns almost 30% of Dropbox. That's a massive stake and shows his commitment to the company even though he did sell 9% of his total shares on 17th Nov. That's his only sale in the last 2 years though. Founders having a big stake in the company usually means that the company is still in the growth stage and the share price still has room to grow.
+
+# Financial position
+
+Then, let's take a look at Dropbox's cash position. They are flush with cash, absolutely loaded! They currently have $1.93 billion in cash and cash equivalents which is more than their debt of $1.37 billion which means that Dropbox is in a really good financial position considering that they are also profitable. Plus, Dropbox is not actually paying any interest on its long-term debt! The reason why is because they raised money using convertible notes without any interest. Instead, those notes give the loaner the opportunity to convert the notes to shares of Dropbox at the price of $35.35 and $38.25 per share. So, what is Dropbox doing with its cash? Well, first of all, they have been buying back shares. In fact, Dropbox has managed to reduce shares outstanding by 8.6% since the start of 2020. Just during the last quarter, they've bought back $181 million worth of shares! Second, they're using that cash to acquire new companies to fuel additional growth. Acquisitions can be a double-edged sword sometimes, but Dropbox has made it work so far. As I mentioned before, Dropbox bought HelloSign in February 2019 and DocSend in March 2021. The two acquisitions boosted Dropbox's capabilities and now allow them to offer a complete, full suite of self-serve products to its users.
+
+Alright, I hope that by now we all have a pretty good understanding of what is the current situation with Dropbox. Two main questions now remain. One, is Dropbox trading at a good price. Two, what do we need to watch with Dropbox?
+
+# Valuation
+
+Let's look at the valuation first. Currently, Dropbox trades for a PE of 17.6 calculated using the adjusted EPS compared to the sector median of 25.3. Dropbox's forward PE is 16.5 which again lower than the sector median of 24.96. Finally, its PEG ratio is 0.53 and anything under 1 means that the stock is undervalued. The price-to-sales ratio of Dropbox is 4.66 compared to the sector's 4.08 and their forward price-to-sales are 4.36 compared to 4.14 so that's slightly higher than the median, but not by much. Dropbox also said that they expect $1 billion dollars in free cash flow by 2024, which gives us a forward price-to-free cash flow ratio of just 9 which is really, really good. Overall, Dropbox looks undervalued by several indicators right now. In terms of valuation, SimplyWallstreed gives Dropbox a fair value of $53.5 dollars based on its free cash flow. My personal EPS valuation of Dropbox gives me a more conservative figure of $40.2 dollars. Finbox's 10-year Gordon Growth model gives Dropbox an average valuation of $35.4 dollars which is near the analyst consensus of $34.5. Obviously, these are not precise targets, but the main point is that Dropbox currently appears really undervalued gives its current price of $24.7 dollars. The price of Dropbox surprisingly dipped 20% over the last 5 weeks which was strange. There was no actual obvious reason for it as Dropbox reported strong results and actually raised guidance going forward. To me, that's just a great opportunity to get a great stock at a discount!
+
+# What to watch with Dropbox
+
+Before we finish this off, I want to mention a few things that we need to keep an eye on with Dropbox. First of all, we need to monitor the number of paying users and the average revenue per user as we need to see steady increases there for Dropbox to justify the investment. If those numbers start to stagnate, it may be time to get out of Dropbox. Another figure to watch is the stock-based compensation. In 2020, the total stock-based compensation was $505.9 million which was more than the adjusted earnings of $409.1 million for the entire year! Dropbox is obviously no longer a startup, but it is still in a growth stage so that type of stock-based compensation is normal, but it's still good to keep an eye on it as it dilutes stock ownership. A lot of people have missed the fact that Dropbox has stock-compensation clauses for its CEO, Andrew Houston, connected to its stock price. More precisely, those stock prices are $30, $35, $40, basically on every $5 dollar increment so the more Dropbox's price goes up, the more stock-based compensation Andrew Houston will get. Finally, it looks like institutions are bullish on DBX, but a bit less so than before. The current put-to-call ratio is only 0.8 and that's up from 0.42 during the previous quarter. Essentially, a put-to-call ratio below 1 means that funds think Dropbox will go up. If that ratio goes significantly above 1, then that's one sign of bearish sentiment on the side of funds. Also, it looks like the institutional ownership of Dropbox has gone done from 84% in the last quarter to 76.6% right now. Personally, I think that's because Dropbox hit an all-time high in the latest quarter and funds took the opportunity to take some profits so I'm not that worried about the reducing ownership.
+
+So, that's all I have to say about Dropbox for now. What do you think? Are you bullish like me?
+
+P.S. Whenever I discuss Dropbox with other investors, everyone keeps pointing out Google Drive, OneDrive, iCloud, etc. Before you raise a similar argument, make sure you read the post. I do address these, but I'll sum them up here:
+
+* Dropbox has partnerships with these companies
+* Dropbox has a bigger market share than Google or Apple when it comes to cloud storage
+* Dropbox offers a different product from Google, Apple, Microsoft, etc.
+* As a cloud storage option, Dropbox is one of the best on the market and holds its own against the other leaders: [https://www.cloudwards.net/dropbox-vs-google-drive-vs-onedrive/](https://www.cloudwards.net/dropbox-vs-google-drive-vs-onedrive/)
+
+*Video summary:* [*https://youtube.com/watch?v=Ooszlh7ZxwI&feature=share*](https://youtube.com/watch?v=Ooszlh7ZxwI&feature=share)
+TGT is trading at 24x 2019 earnings, and ~13x ttm p/e with an expected reverse DCF growth rate of 2%…is this a steal for such a strong brand? A 25% drop seems a bit much unless there’s a multi-year contraction in consumer spending.
+EDIT: Wow! I am extremely humbled and gracious of all your enthusiasm in this topic. Thanks for everyone who stopped by and read the post and joined the conversation. Again, the idea for this post was to highlight the variance on the returns of RE investment vs. index fund, definitely not advocating one vs. the other. 
+
+
+I have been on this sub for a while and recently saw quite a few threads arguing about RE vs. Index, which is the better investment strategy. So I have decided to share my personal experience in this matter and I think my example is a good illustration of why this topic is so polarizing. I apologize in advance as this is somewhat of a long post 
+
+The story begins towards the end of 2017, after seeing the big fat cut Uncle Sam took from our W2s, the missus gave me a mandate, "DO SOMETHING about this tax thing" (exactly her words). So I started talking to our accountant at the time and found out that besides pumping out another kid, the only option left would be to increase our mortgage interest. Our personal home was bought with a much high down payment than the usual 20%, and we were on a 15-year mortgage. The account suggests that we should just refi our mortgage to the maximum allowed for tax deduction (750K), and use the cash out to do some investing. After some calculations, the cash out would net us around 150K. So, after some discussion with the missus, we decided to go for it. 
+
+After receiving our cash out of 150K at end of Jan 2018, we started our journey. At the time my thoughts were that either we invest it in index funds, or we invest it in real estate. I chose to invest in real estate because that's what I always wanted to get into. So I started researching, we live in a VHCOL city, and 150K for a 20% down payment can only land us a pretty average condo in where we live. So I decided to expand out, and at the time I figured 2 hr driving distance is the max I am willing to travel to. I also did more research to form my real estate investment strategy. I came up with: 1) only entry-level SFH without HOA, 2) at least 3 beds 2 baths, 3) high rent to price ratio, 4) city with growth. 
+
+With this strategy, I checked every city and suburb within the 2 hr driving distance from where we lived and landed in a city about 45mins to an hr away. At the time, the average house that fits our criteria there is around 300K to 400K, so I was like sweet, I can get two rentals instead of one for my 150K. I picked a local realtor, and the search was on, about two weeks later, we got our first offer accepted, and about 3 weeks after that the 2nd offer landed as well. 
+
+We should call these two properties Rental A and Rental B. Both are 4/2s, both have similar sq ft, but A is in the middle of the city, prime location, and B is in the outskirts of the city but has twice the land.  A closed at 360K (72K down), and B closed at 365K (73K down), so the two properties started out in pretty much the same spot in numbers. At the time I felt that we landed A at around market price, and B at a discount due to the land size. Both properties were move-in ready, so we really didn't do much except cleaning before renting them out. Start from the beginning I wanted to hire a property management company, since we are newbies to this whole thing, and we really don't have time to handle the day-to-day. Our agent recommended us a management company, and we checked their reviews online and decided to go with them. We were actually pretty lucky in that we rented out both units just days after closing (it is a great rental market, and that was the main reason I picked this city).  
+
+So below I will list out the numbers in detail, up to March 2021, I will explain why this date later. (I try to include everything I can think of, but if I missed something please feel free to let me know).
+
+--- COST ---
+Mortgage: Both houses are financed on 20% down, 4.6% interest to start. I did, however, refi both places in 2020 to 3.6% interest rate (I know I know, I jumped the gun too early, should have waited a few more months). Pulling all the numbers from my amortization schedule
+A) $52,090.98
+B) $51,340.08
+
+Financing closing cost: $6000 for each (initial plus the refi in 2020)
+
+Property Taxes: again pulling from city records.  
+A) $12,813.00 
+B) $12,993.00.
+
+Insurance (Landlord Policy): $600 per year, or $1800 total for both. 
+
+Warranty: $500 per year, or $1500 total for both. (I am slowly coming to the idea that warranty is not so great)
+
+Maintenance: small ticket items are covered by the warranty, so only big stuff here.
+A) New roof ($5000), and new fence ($2500), all happened this year, I knew that going in the house needed new roof and fence, so this was expected, the only mistake was waiting till this year, as the material cost were through the roof. 
+
+B) Brand new HVAC ($6000), the HVAC was not working upon inspection, tried talking to the seller and he told my agent to "Suck it up and grow a pair, bitch" (exactly his words). So we had to eat this cost. 
+
+I also tag along $1000 for misc cost for each house, but in reality, this should be much lower.
+
+Finder Fee: the property manager includes one time $450 finders fee for each new tenant.
+A) 3 tenants, total $1350
+B) 1 tenant, total $450 
+
+--- INCOME ---
+Rent: Rent was pretty consistent, rental A had 3 tenants, but it's one after another, so the total vacancy is around one month. We also got lucky with one of the tenants being an insurance tenant, and they paid double the rent during their short two-month stay. Rental B only had one tenant ever. We did do a 5% rent increase every year, but we did not raise the rent during the pandemic. Also, fortunately, our tenants never stopped paying rent during the pandemic as well. The management company charges a 7% management fee monthly, so the numbers here are after the fees.
+A) $69,099.00  
+B) $69,192.00 
+
+Equity: again, pulling numbers from the amortization schedule.
+A) $15,001.15 
+B) $14,803.42 
+  
+--- Capital Gain ---
+Here is where the number gets fuzzy because I still own both places. According to Zillow, A is at  $513,000.00 in March 2021, and B is at $561,900.00 in March 2021, Redfin has both of them at higher numbers. I did talk to my agent, and he confirmed that the way people are bidding in that area, both places will sell way over whatever Zillow/redfin estimates are. But, I did do a cash-out refi on both properties in March 2021 (this is to finance the expansion of my rental portfolio), the appraisal by the bank came back at A) $480,000.00 and B) $550,000.00. So to be conservative, I will be using these numbers for this exercise. 
+
+--- Return Calculation ---
+Now, remember, we started with A) $72,000.00 and B) $73,000.00 of cash. If we add up all the capital gains and income, subtracting the costs, we will get 66.73% return for A, and 157.41% return for B. However, just to be more precise, let's tag on a theoretical 6% closing cost to the mix (selling index fund has no closing cost, but selling houses does). By this calculation, the return for A is only 26.73%, and return for B is 112.21%. Now, if I invested this total of $145,000.00 back in Mar 2018 all into VTI, I should be getting a 47.14% return.  
+ 
+--- Side Note on time spent ---
+This is not included in the calculation of the return, but I still want to include it here. This whole process takes time, and time is valuable too. I probably spent 1.5 months doing researching, looking at houses, closing, etc. But since I have a property manager, I barely spent time on the rentals afterward. I can probably count the number of email exchanges I have had with my PM in two hands. The number of times I visited that city after I closed the properties is zero. I spend 5 minutes every month checking on the summary and deposit that the PM sends me, and that's pretty much it. 
+
+--- Conclusion ---
+Looking at my conservative estimates, rental A underperformed the index, while rental B outperformed the index. I think, the reason that RE vs Index is so polarizing is precisely because there is soooo much variance in RE investments. I have two properties, in the same city, bought with the same price, and yet the return was vastly different. Imagine people's experiences in different cities, states, or even countries. Another reason is access. If I recommend someone to invest in VTI, anyone living in US can do it in a heartbeat, but if I recommend someone to invest in RE, it's going to really depend on the person's location. Not everyone is willing to travel outside the state, or even outside the city they live in. With index, everyone is playing the same game, but with RE, the game is different for everyone.
+I have always responded to people who tell me these things by saying I will be the first to admit I am wrong when the time comes. So let's wait, 3, 5, 7 years, and then call me out. Just like I have done in the last 8 years. Guess what? They never show up.
+
+The problem is, not only have we been right about this for the last decade, it's the "spot on, how the fuck did you know that would happen?" kind of right. I myself have gone on national TV a couple of times here in my home country saying Bitcoin is a hedge for the shit show that is going on in the world and that it's market cap will go to 1 trillion ** way back in 2016.** How embarrasing would it have been if we were wrong?
+
+It's not that we know we are right, but it's because we are not afraid to be wrong, even if a lot of us has put more skin in the game than required. Starting Bitcoin businesses, publicly supporting and talking about Bitcoin in the face of ridicule (talking about Bitcoin in a startup conference or fintech conference in 2014 will get you a few odd looks and dismissive laughs.), and putting what some might consider an irresponsible percentage of our net worth in the asset because we truly believe in its potential.
+
+So to those saying "Who's gonna buy your Bitcoin at $100K?" I say this: First, I am not selling at $100K, lol. Second, talk to me in 4 or 5 years, feel free to make fun of me if I am wrong *this time*. The funny thing is, back then when Bitcoin was small, our conviction was already big. What makes you think that will change today?
+
+The Bitcoin network will outlast all of us, this I am sure of. Whether you believe in its potential of you think it's one big ponzi scheme, when you take your last breath on your deathbed in 30, 40, or 50 years, the Bitcoin network will still be chugging along, making new blocks to add to the chain, as long as the telecommunications and internet networks exist and free people all over the world desire a monetary system that is free from politics and human intervention.
+
+[In the words of Nassim Nicholas Taleb](https://medium.com/opacity/bitcoin-1537e616a074): *"Bitcoin will go through hick-ups (hiccups). It may fail; but then it will be easily reinvented as we now know how it works. In its present state, it may not be convenient for transactions, not good enough to buy your decaffeinated expresso macchiato at your local virtue-signaling coffee chain. It may be too volatile to be a currency, for now. But it is the first organic currency.*
+
+*But its mere existence is an insurance policy that will remind governments that the last object establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future."*
+Title says it! I'm pretty excited for that actually. Does anyone know of a powerpoint of slide deck that has already been created somewhere I could use and/or modify? I'd like it to be not too technical, but serve as a foundation to understanding money better.
+
+Anyone have any resources you think are good?
+
+By the way: I'm asking here *using this community as a resource*. Of course I Googled Bitcoin lessons, and of course I could make my own. I'd really like to see some of what's already out there!
+
+edit:typo
+
+Edit 2: Wow this blew up! Thanks for all the responses. Some general clarification - I’m not interested in teaching the technicals, yet. Many students have already asked me about Bitcoin and other coins. There are many ways to explain “what” Bitcoin is, and I see many more in the comments! I do not plan on talking anything market related. I just want to answer their question “what is this Bitcoin thing people are talking about?” And hopefully open the door to future lessons on what money is and the history of it. 
+
+Also: I teach at a Charter. Long story short - I do what I want!
+
+Edit 3: Some people are saying that because they’re 8th graders it’s not worth teaching them. When students are constantly coming up to you and asking you about BTC and DOGE and SafeShit, I liken that sentiment to teaching them about sex. They are talking about it themselves, so why not treat them as young adults and educate them? Refusing to respond to a student about Bitcoin will likely end up with them buying some scam coin. We teach then stocks as well. Not wanting to teach them what it is because it can be likened to gambling is absurd.
+
+Edit 4: 😂 Wow there are some comments from people who obviously have some residual trauma from people who hurt them. Read the damn title. You can always tell who isn’t a teacher - they are always trying to tell teachers how and what to teach (with horrible grammar, I may add 🙄). Maybe, for the first week of class while we are getting students acclimated to being back in school, we ease into content. Instead, give them lessons on material not covered in a curriculum and try to forge relationships going into a new year. 
+Also if you don’t like Bitcoin, why the fuck are you on r/Bitcoin? Sounds like you need r/buttcoin.
+
+Edit 5: Just found out from members of my grade level team that many of them are wanting to talk finances and whatnot and want to plan together to make our little free lessons a little more cohesive and centered around financial literacy. Because we will be using the first week to go over norms and protocols and all the other stuff, we each now have a total of 2 hours over the week for a free lesson, particularly ones that students have shown interest in (e.g., Bitcoin). This means I am now planning a 4 part lesson about money, starting with bartering, to coins, to paper money, to fiat money, plastic money, and then to internet money. This is going to blend very well with another teacher who is going to give a crash course on what the internet (of information) is. 
+I appreciate the help!
+Hello Redditors, 
+
+I’m looking for some advise from seasoned investors on how to build wealth. I grew up very poor. Single mother of 3 (I was the oldest) Sometimes we didn’t have running utilities since we had no money or food or gas money (Doing a Lot better now).
+
+Fast forward to the present. I’m a 22 female make about 110k a year maybe a bit more this coming year. 
+
+I’ve never had front line advise from others on how to build wealth except from books so just wanted to ask on advise from those on here who have done it (:
+I’m 27F, in Midwestern USA, and deaf. I’m the sole breadwinner for my partner (who is in year 1 of law school) and I. Income is never enough to have any money left over, but all the bills get paid mostly on time. I’ve only ever worked retail at one store (despite transfers and a short period (8-10 months?) where I resigned and was rehired) since 2016, and have no experience anywhere else. 
+
+ETA: I also receive disability benefits, but it’s not SSDI. so it’s a benefits + part time or full time exclusive situation. 
+
+I want to quit my current job (11/hr) so bad i can barely stand it. But I’ve never gotten a call back from anyone ive applied to, and I don’t mean recently. Nobody, ever, has contacted me back from any places I’ve applied. I’ve been looking for work that meets our financial needs since i got the retail job. I have a BA in English literature and I’d be happy doing secretary work or something. I’m desperate to have a routine. Any form of regular schedule. Had a health scare recently and the doctor told me that the best thing I could do to prevent my health from deteriorating was to hand in my immediate notice. Dad had a stroke at 45 and I don’t want to die young. I feel like I’m going to. 
+
+Problem is, I’d have to make a bare minimum of $18 an hour (after deductions for insurance and taxes) just to break even. I don’t understand how to convert this to salary pay, so there are definitely applications I’ve skipped over because of this. I’m losing faith that me getting this “pipe dream job” is even possible. I feel so incompetent. 
+
+I’m not sure where to post this, so if it’d be better suited for another subreddit, I apologize. I don’t usually browse the more serious side of Reddit, but I’ve been feeling emptier than ever, and I don’t know what to do anymore.
+**UPDATE**
+
+**Thank you so much for the very though-out replies. They really made me think.  I've decided what I'm going to do after reading your replies.**
+
+1. **Talk to an adviser and make sure my numbers are correct. (sent out my numbers to one today)**
+2. **Get my wife to retire ASAP. I think I would be happier if she were retired than if I were retired.**
+3. **Set a definite retirement "date" (thinking 2019/early 2020 sometime).**
+4. **Vow to donate whatever I make if I don't quit after my retirement date to the less fortunate (anonymously). That would be so enjoyable, and maybe put some meaning to my work.**
+5. **Retire by 55.**
+
+I am a 51 yo male who has been doing the EXACT SAME boring-ass and non-stressful job at the same company for 25 years (I've been with the same company for 30 years at various positions). There is nothing redeeming about my job as I basically work for “the Man”. Granted, things have changed a lot where I work, but my job has not. My wife (53) and I have two kids in college (paid for). She works full time as well. We have managed to accumulate 45 times our yearly expenses in various brokerage accounts, and 401(k)s. We have no debt. In addition to our savings, both of us have pensions that start paying out at 55 that accounts for 1/3 of our living expenses, so I guess at 55 our savings will be about 60x our living expenses.
+
+I have attempted to quit twice, once with a formal resignation letter to my boss. Each time, I was offered a more-desirable package of “benefits” in order to entice me to stay. I now work from home full time, and get my work done each day in 4-5 hours, and get 42 days paid-time off each year.
+
+I have many, many hobbies for all seasons that occupy my time outside of work. I should be happy as a pig in shit about my work situation, but I’m not.
+
+I constantly have this conflict going on inside me. Part of me says “What the fuck are you working for dumbass!”, the other part of me says “Dude! Who the fuck would quit a situation like you have?” It kind of drives me nuts. I think about it often (TOO OFTEN!).
+
+I think the problem I have is that there is no end in sight for me. . . stuck doing this boring-ass job, working for the “Man” forever. Maybe another issue I have is that I grew up in a lower-middle class household (when my Dad was employed and very poor for a couple of years when he wasn’t). I really do appreciate what I have. When I started this job, I had $20 in the bank.
+
+Would any of you quit?
+Fucking upvote this and idc about upvotes.
+
+I WILL NOT let another fucking urgency shill tactic to beat apes in a small battle.
+
+Just wait for the wrinkle brain apes to look at it, chill for a moment. 
+
+If you're urgent now, you'll be urgent when you see high numbers on your broker account
+
+DIAMOND 💎 HANDS 🙌
+
+**NO URGENCY.**
+For the people who are approaching FIRE but not necessarily FAT fire, I'm curious about this as I consider buying a home in this environment and trying to gauge what's the margin of safety for a home as real estate might go down short term but likely up long term.
+You must understand how big this is. I have been watching DRS numbers closely for the past few months. DRS is picking up pace again. We went weeks/months with 5k-10k average bot registered shares per WEEK DAY (20k-40k after split). 
+
+Weekends’ DRS numbers are always much lower, but apes somehow registered OVER 66k SHARES IN A SATURDAY. And these are just the ones posted to reddit. I can’t wait to check on next week’s numbers. Buckle up!
+
+🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀DRS🚀
+**Original Post**
+
+[https://www.reddit.com/r/StockMarket/comments/fwvt54/sp\_1700\_within\_6\_months/](https://www.reddit.com/r/StockMarket/comments/fwvt54/sp_1700_within_6_months/)
+
+**TL;DR**
+
+The first milestone prediction is wrong.  The Indian stock market continued to rise despite an extension of the lockdown and growing infections.  It did not fall back to 7800-8000 as predicted.
+
+**How do you feel now?**
+
+Whilst I still stand by the thesis and we still have 5.5 months for the prediction to expire it is looking more and more like the Federal Reserve expansion of credit facilities and junk buying will maintain the asset values.  At present, credit providers are likely to get paid twice (once by stimulus going to consumers to pay off bills and then again by purchasing of defaulted debts later on).
+
+**How are your bets down?**
+
+I didn't hedge and the primary losses were sustained in the drop in the Vix to today's monthly low.  I also left some positions open overnight and they didn't decline on negative news but did increase wildly on positive sentiment.
+
+**Were any of the commenters right?**
+
+The original post had a ton of valuable and respectful discussion and was fun to write.
+
+Another use disagreed and he has turned out to be absolutely correct.  Praise to u/green9206 and I owe him a beer.
+
+Several posters did comment that the Federal Reserve are likely to be successful.
+
+**Have any financial personalities blown your thesis away?**
+
+Well, yes.  In particular  [https://twitter.com/DiMartinoBooth/status/1250066951281532932?s=20](https://twitter.com/DiMartinoBooth/status/1250066951281532932?s=20) who quotes that  predicts stocks hit all-time highs w/i year & that investors who fight new & improved Fed will get burned to a crisp as they’ve been assured they’ll be made whole by JaPo.
+
+**Why did you write such a long and intense post?**
+
+Good question.  Mainly for the enjoyment.  It forced me to be bold in my own predictions.  It forced me to confront my own biases and it also forced a greater understanding of financial theory.  Also, the comments forced me to admit the gaps in my ideas and it was a good thing to invest time in.
+
+**What do you think will happen next?**
+
+Honestly.  I have no fucking idea.  I comforted by the sheer amount of hedge fund managers, investors and analysts on Twitter saying the same thing.  We are living through unprecedented, wildly volatile times.
+
+* The IMF is reporting that the [world is facing the heaviest blow since the Great Depression](https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020) with advanced economies shrinking 6.1%
+* The UK's fiscal watchdog is reporting that the [UK will suffer a greater financial contraction than both the Spanish Flu epidemic and World War 1](https://www.ft.com/content/3525aedf-f873-4aac-bb08-f303f6ef0f37) combined.  National output is plunging 35% and government borrowing is rising from 55Bn to 273Bn in 2021.
+* Equities are trading at near 2019 levels...
+* So I don't know.
+
+​
+Lost my old man at 74 yesterday. Typical old school British dad. We butted heads, disagreed on many things, shared similar opinions but always found something to argue about. He died in bed lying next to a box of chocolates. It’s hit me more than I thought it ever would but I’m glad he went out in a nice way rather than a drawn out process we all expected. 
+
+Him and my mum spilt up many years ago and I have little other family apart from my brother and my aunt (his sister) who unfortunately found him and was requested by the nhs to perform cpr despite him being hours deceased. 
+
+His body is currently with a funeral directors. The police have said their may be an autopsy given the sudden death. I have to look into this tomorrow but I’m also worried about where things go from there with funeral options and everything that comes with it and after. He said he wants a basic service. No hymns and all expenses spared.
+
+I know he has left a will. I’m not sure how much I am featured in it but would expect it to come into inheritance tax thresholds. He leaves 2 houses, a handful of classic cars and a lot of belongings. My auntie is elderly and my brother lives abroad so it’s likely I’ll deal with this solely. 
+
+Should I seek and pay for professional advice? 
+
+Are there things that are common knowledge that I should look into? I’ve never dealt with anything like this before. 
+
+Grateful for any advice from people who have been in this situation. 
+
+Many thanks
+It is now 41 days until the potential Sept. 24th Metropolis release.
+
+All eyes will be on ETH this month. Ethereum devs are eager for this powerful protocol upgrade.
+
+
+Enjoy the 41 days to come. :)
+
+Want to buy a place which needs work, Using primary Home mortgage ( 10% down) , The repairs will take 6 months. I plan on living there during the repairs and once done i want to get out of the house and rent it. Possible ? Good idea ? bad idea?
+I had an interesting idea that I hadn’t heard expressed here and I’d love general feedback. Ideally if someone else has done this, I’d love to know if it worked out. 
+
+Family of 3, wife and small child, approaching Fat FIRE in our early 40s. More likely Chubby FIRE. Nearing $5M in the market which has been my goal. 
+
+Together we make about $500k per year. We live very comfortably off $120k per year and save the rest. I feel like I live a great life and don’t feel the need for more materially (ex. bigger house, nicer cars, clothes, etc). I truly enjoy my job and am not in a rush to retire. 
+
+The idea my wife and I are considering is what we call Brewsters FIRE after Brewster’s Millions the movie. You get to your FIRE number but instead of retiring, you continue to work with the commitment to spend all (or nearly all) of your income for the year. The details are flexible to the individual, but we were thinking basically a combo of high end vacations / experiences, and charity. No material things. 
+
+Reasons:
+1. I think our family is at a great age to enjoy great travel experiences. We’re “young” and healthy. And the kid is old enough to go on hearty trips. And remember them!
+2. I think it would be a good reason to stay motivated at work and I think I would enjoy work more.
+3. If there is a recession I’m “still in the game” and could pretty easily go back to contributing to savings. 
+4. I think forcing myself to spend more on vacations would actually be an interesting idea. We already take great vacations but I tend to be cheap (ex don’t go first class and wouldn’t have considered it otherwise)
+5. I think donating more to organizations in my community is a great idea. And I feel like it would help us grow roots in our area in a way we haven’t. 
+6. My wife hasn’t really wrapped her head around how FIRE works. And I think this would actually get her to buy into the idea. She really likes the idea of the charity part. 
+7. I think this could be used as a test run of FIRE if done right. Ex. All the “Brewster spending” could come out of a separate bank account. But aside from that, we would live under the FIRE budget. 
+
+My main concern is that we’d get used to that level of spending and it would make a transition back hard (especially for the kid). Or worse, traps me back at work. 
+
+So…is this a good idea? Any suggestions? Any pitfalls I’m not spotting? Has anyone done this? Can you live a life like this, then go back?
+I’m 27 and my partner is 25 and we just bought our first home. Paid $630k, using a 15% deposit with St George. It’s in Strathpine, 20km north of Brisbane, abit of a dodgy area but it’s on the train line. With inflation and interest rates rising did we make best use of our money or have we made a big mistake?
+There is an old saying on Wall Street.
+
+>There are many possible reasons to sell a stock, but only one reason to buy.
+
+If you think about it, you can sell stocks for any number of reasons - downpayment for a house, a medical emergency, or just plain profit booking. But when you are using your hard-earned money to purchase a stock, there is only one reason. You expect the stock price to go up!
+
+It’s not a hard stretch to imagine that company insiders who are in high-ranking positions (CXO’s, VP’s, Presidents, etc.) would have a better understanding of the company and its expected future performance than any financial analysts out there who are just working with publically available data. So if these well-informed insiders are making significant stock purchases, does that mean they expect the stock price to shoot up soon?
+
+In this week’s analysis let’s put this to the test. **Can you beat the market if you follow the stock purchases made by company insiders?**
+
+[ ](https://preview.redd.it/l8cj6oempgo71.png?width=1728&format=png&auto=webp&s=50cd02e01eb146e74e901c524669fc9cec850919)
+
+**Data**
+
+The data for this analysis was taken from **openinsider.com**
+
+it’s a free-to-use website that tracks all the trades reported on SEC Form 4 \[1\]. While there are a lot of transactions that are reported daily to the SEC, I kept the following conditions to reduce noise in the data.
+
+* Only transactions done by CXO’s, VP’s and Presidents (people who have a significant view of the company strategy and operations) are considered.
+* A minimum transaction value of 100K
+* The transaction should be purchase (Not a grant, gift, or purchase due to options expiration)
+
+The financial data used in the analysis is obtained from Yahoo Finance.
+
+[ ](https://preview.redd.it/ziz4q7jmpgo71.png?width=1728&format=png&auto=webp&s=94675b73d3a0634816392cae6446f99e3d567c5c)
+
+**Analysis**
+
+For all the transactions, I calculated the stock price change across different time periods (One Week, 1-Month, 3-Months, 6 Months & 1 Year) and then benchmarked the returns against S&P500 over the same time period.
+
+My hypothesis for choosing different time periods was to understand at what point would you generate the maximum alpha (if we realize any) over the benchmark. All the results are checked for outliers so that one or two stocks are not biasing the whole result.
+
+​
+
+https://preview.redd.it/rlmdyammpgo71.png?width=1728&format=png&auto=webp&s=a2c2b79fda92fd72a12cabc139e1f5855be1f9c3
+
+ **Results** 
+
+[ ](https://preview.redd.it/etrwms5ppgo71.png?width=909&format=png&auto=webp&s=7db666afd495bdf639415e86c860db1234407ef9)
+
+Surprisingly, if you had followed the insider purchases, you would have beaten SPY across all 5 different timeframes. The alpha generated would also have increased with increasing timeframe with the insider purchase trades beating the S&P500 by a whopping 17.6% over the period of one year.
+
+I have kept 1-year timeframe as my limit mainly due to two reasons. First, I started the analysis for identifying short-term plays, and secondly, given our entire dataset is over the last 4 years, anything more than 1 year would not have data for a significant chunk of our population which can affect the analysis.
+
+https://preview.redd.it/90ls02yppgo71.png?width=830&format=png&auto=webp&s=dab2ae71d385ed8db9c2c8c11bbcee7bd418fcc1
+
+ But the number of trades that made positive returns shows a different story. When compared to trading SPY, a lesser number of trades would have generated profits in the case of following insider purchases. The key here is that while the chances of your trading making a profit is lower, if it does end up making a profit, you would generally have had a better return than the market. 
+
+https://preview.redd.it/l5x6hrompgo71.png?width=1728&format=png&auto=webp&s=4494424b450c9849d901de716411126762cfb483
+
+ **Limitations to the Analysis**
+
+There are some limitations to the above analysis that you should be aware of before trying to replicate the trades.
+
+* The data I collected has a lot of small-cap companies which are inherently more risky than a large-cap index like S&P500. Given our returns are not risk-adjusted, the alpha we are seeing here might just be due to the higher risk you are taking on the trades \[2\]
+* The analysis is limited to the last 4 years of data during which the markets were predominantly in a bull run (except the Covid-19 crash)
+* Finally, this assumes that you will buy an equal amount of stock whenever a company insider does a trade which might not be practical given our inherent biases and apprehensions\[3\]
+
+ 
+
+[ ](https://preview.redd.it/1vrszy9spgo71.png?width=1728&format=png&auto=webp&s=f3c14f1885cecefaf5c99cc03d63ed9d8ff24dc4)
+
+**Conclusion**
+
+Usually, insider purchases are used to gauge the overall market sentiment. A very high proportion of sells over buys signify that insiders are losing confidence in the stock/industry and it’s time to get out of that market.
+
+This analysis shows that the individual trades can be used for identifying stocks that are worth buying by analyzing the insider purchase patterns. This should be just considered as a primer into the topic as SEC Form 4 has a treasure trove of information \[4\].
+
+You may or may not implement this strategy based on your investment style. But at the very least, you should check for the insider transaction pattern before investing in a particular security!
+
+Google Sheet containing all the data used for analysis: [Here](https://docs.google.com/spreadsheets/d/1Cxj5FDxbCikjuS4w14PXnm2QDwIxHGaJANPjjF-R6wA/edit?usp=sharing)
+
+Until next week…
+
+https://preview.redd.it/29y4qxaspgo71.png?width=1728&format=png&auto=webp&s=6a85a7dd87ce48e2828dea965bb829ebf306e63c
+
+**Footnotes and Existing Research**
+
+\[1\] SEC Form 4 is what an insider file when he/she makes a transaction. It’s expected to be filed within 2 days, but I observed more delay than that in many cases. For the purpose of this analysis, I have considered transactions that were reported no later than 10 days.
+
+\[2\] [Estimating the Returns to Insider Trading: A Performance-Evaluation Perspective](https://econpapers.repec.org/article/tprrestat/v_3a85_3ay_3a2003_3ai_3a2_3ap_3a453-471.htm) : The study published by Leslie A. Jeng and Richard Zeckhauser of Harvard found that insider purchases beat the market by 11.2% per year. Even after adjusting for the risk using the CAPM model, the returns beat the market by 8.5%
+
+\[3\] Very few people have the ability to keep their emotions away from the trades when a significant chunk of their money is at stake.
+
+\[4\] You can filter for the role of the insider (for eg, if you want to track only the CEO purchase/sales), industry, percentage ownership change, the current value of stock owned, etc. There are thousands of permutations in which you can do this analysis to find some alpha.
+
+\[5\] Multiple research papers over the last 3-4 decades \[[eg.1](https://jbepnet.com/journals/Vol_4_No_3_September_2017/5.pdf), [eg.2](https://www.insidermonkey.com/blog/the-insider-trading-anomaly-recent-academic-studies-591/)\] have shown that insider purchases significantly outperformed the market
+
+​
+
+Thank you for reading :)
+\[Thank you for the support ! I'll try to reply to everybody if I can and share my progress. A lot of good ideas :) \]  
+
+
+Hey!
+
+I wanted to share my experience in my FIRE journey that started 10 years ago (I’m now 40).
+
+I don’t write this post just for me. I wish someone had shared his experience before following that path. I also wished the community existed when I was in my 20s.
+
+I started from nothing and worked really hard for years in the right industry. I was able to sell a few startups (as a CEO/CTO/CMO) and to fatFIRE at 30 with 15 million USD 10 years ago.
+
+I was clearly burned out and wanted to enjoy my free time and my youth. The first 3/4 years were nice, I had a great time, I stayed in shape, I traveled, I partied, I dated a lot and thought I was living the life after working so much.
+
+Unfortunately, I started to get bored and to overthink. After working so hard, I didn’t understand how you could even enjoy work. I realise now that I had pushed myself far too much and was clearly depressed.
+
+I’ve understood a lot of things about myself during these first 4 years:
+
+* I’m an anxious person with a lot of OCD. It’s a curse and an advantage at work 
+* I don’t want children
+* I’m difficult to date
+* I’m an introvert 
+* I’m an OK entrepreneur but I got lucky and not sure I could do it again 
+* I did enjoy my work but I should have delegated far more
+
+​
+
+The next 6 years have been more problematic: 
+
+I stay connected to the ecosystem by doing some angel investments but:
+
+* I’m bored
+* My physical health isn’t great, I have a lot of allergies (I couldn’t work full time, and stress makes my problems worse)
+* My mental health isn’t great with a lot of existential/confidence issues
+* I don’t see myself in a representation role with my allergies
+* I need a new challenge
+
+I’m starting to think about what I should do in the next years? I’m completely lost.
+
+A few ideas I have in mind:
+
+* buying a business that is already established and hire someone to run it
+* start working with charities
+* start studying a new subject
+* continue to angel invest
+* work part time (I’m not sure I would be a great employee. My operational skills are not as good as they were 10 years ago)
+
+Suggestions welcome! :)
+
+PS: how do you deal with people looking down on you when you say you currently don't have a stable position?
+What if I told you hedge funds have been shorting companies and profiting without having to pay taxes if the company goes bankrupt. And that this practice has been going on for 50 years.
+
+
+What if I told you people who wanted and profited from these companies going bankrupt actually worked as board members of these companies.
+
+
+What if I told you external consulting groups were hired to improve the company, but actually actively wanted the company to go bankrupt.
+
+
+What if I told you this practice happened to companies you've heard of, like Toys R US, Circuit City, and Sears. 
+
+
+What if I told you that a guy in 2005 bought 100% of all shares of a company, and over the next two days the same stock traded 50x the total volume and the price dropped 99% in 2 hours with no shares avaliable to buy or short. 
+
+
+What if I told you brokers lend out the shares you bought to hedge funds who then use your shares to short the stock and push the prices of your investments down. 
+
+
+What if I told you hedge funds and market makers have ways of creating synthetic shares for any stock they want, and that this practice is illegal. However they can hide their illegal activities by "failing to deliver" and paying laughably small fines compared to the amount of money they make by doing this illegal activity.
+
+
+What if I told you that in 2022 the DTCC did not issue a split divided correctly and instead issued it as a split. In so doing, committed international securities fraud. 
+
+
+What if I told you that recently in the Toronto stock exchange some stocks went up as much as 3,400% on 0 trading volume. That credit Suisse which holds 755 billion in assets is probably going bankrupt. That the SEC recently lost all comments surrounding security swap fraud and short positions. That a number of brokers turned off their buy buttons for a number of stocks in January 2021. 
+
+
+What if I told you a group of people figure out that a stock was oversold and have been buying it up enmass and that currently 57% of all shares avaliable to retail investors now has been directly registered, removed from brokerage accounts and unable to be lent out or shorted. That this community of people do not sell and in fact keep buying the stock at any price, as well as keep directly registering. That this is the first time in history that 3 billion dollars in shares has ever been directly registered by 200k individuals, each holding an average of $15,000 in directly registered stock. That they are hungry to support the company through thick and thin and continue to hold even while the stock price changes by as much as 1000%.
+We're all familiar with your average person making the simple finance mistakes, like using a credit card and letting it run up, or not hunting around for the best bank account to keep their emergency fund, but sometimes it's interesting to listen to some of the financial mistakes that are just absolutely out of this world, or require a thought process that is just completely unfathomable.
+
+I'll start: My Brother re-financed his mortgage to be 100% LTV, meaning he had zero equity. His reason? He wanted savings. So he was paying interest rates of something like 4% (that's the best he could get on a 100% mortgage) so he could get savings without actually saving any money. Then over the course of a year, he spent that money on an old BMW 7-series that broke down and completely died 6 months later.
+
+So what completely nuts and financially illiterate stories do you have from people you know?
+S&P 500 now closer to its all time high, than at the peak of the May 2008 bear market rally
+
+Thought about selling a part of my portfolio multiple times since the 2900s; think I'll just hold for a few decades
+“They sold the shares under everyone's noses which wasn't priced in. So everyone that assumed they hadn't sold 3.5 million shares just realized it's already happened.
+
+It's like not wanting to grab the last chicken tender at a buffet because you assume it's cold, but you didn't realize it's from a fresh batch so it's actually still a hot tendy. Gamestop is the hot tendy and the market is coming to that realization in the after hours due to the announcement.”
+
+
+And 
+
+
+
+No it is very good for us, and here is why:
+
+•	⁠They sold slowly during the last few weeks. Carefully not to tank the stock price and keeping the price in max pain territory.
+•	⁠They now have raised $551M free capital without debt or diluting ownership. They can do whatever they want with that money, e.g. supercharge the digital-transformation
+•	⁠The shares they sold realistically also went to apes buying them up. It increased retails ownership of the float. If any, only a part went to hedgies, etc.
+•	⁠The market didn't price in the selling. Looking at AH price movements, everybody seems to have been taken by surprise. I think the majority (me included) thought they would sell during the MOASS.
+This was one of the best AMAs I've ever seen. During some of the past ones, I'd have to pause and take a break. During this, I was absolutely hooked the entire time, and only paused to finish taking notes. Thank you guys for organizing this, and for all the effort you do in answering our questions and keeping the growing sub going.
+This is the final update to the post I made recently about the house I purchased for $8,500 cash.  You can read that post and see the "before " pictures here. [https://www.reddit.com/r/realestateinvesting/comments/ejlf5x/8500\_house\_deal\_breakdown\_yes\_i\_really\_bought\_a/](https://www.reddit.com/r/realestateinvesting/comments/ejlf5x/8500_house_deal_breakdown_yes_i_really_bought_a/)  In that post I explained we had a budget of up to $8k...many people were skeptical whether or not we could renovate the house for that amount! I don't blame them, it wasn't a pretty sight. I'm happy to report we beat that budget by just over $2k, with the final renovation budget coming in at $5,968. A link to the post reno pictures is at the bottom of this post. 
+
+ The breakdown ended being just about 50/50 between material and labor. Labor was $2,860, materials were $3,108. The work included major cleaning of everything, painting all surfaces (including floors, walls and ceilings) with Killz to remove the odors, we replaced the subfloor in about 90% of the house, laid new vinyl plank flooring over that, repaired/replaced most of the plumbing, added a new 220 line for a dryer, replaced all the outlets, replaced all light fixtures, ran new gas lines for the stove and a new ventless gas heater, repaired the kitchen cabinets and counter top, added new hardware to cabinets, repaired windows as needed, painted everything, bought a "new" used fridge, and I'm sure a lot of little odds and ends I'm leaving out. 
+
+ARV is estimated to be about $50K. We rented it to a couple from our wait list for $575 per month. This gives us a gross monthly ROI of 3.97% (almost made it to 4%!). Since a lot of you have expressed concerns about the quality of tenants we get on houses like this, I thought I would give you their numbers without exposing any private data. The husband works for a economic security place doing weatherization for low income housing. He makes $2300 per month. The wife is a bank teller and makes $2000 per month. They currently have no children and no pets...although they are allowed to have pets and have a large fenced yard here, so they might get a rescue dog in the future. Although we listed this as a one bedroom, the utility room runs the entire width of the house, so half of that could easily be used as a bedroom (there is already a closet there) and there is a small area at the end of the bathroom hallway that could be made into a nursery or used as storage...so they have some room to grow if they decide to start a family. 
+
+As always, feel free to ask questions! Once again the pictures are not meant to be professional quality. I had to use a few "during construction" pictures since we didn't do a very good job of photographing everything after it was completely finished. I think they give you a good idea of the final product, though.  [https://imgur.com/a/ZKizY6Y](https://imgur.com/a/ZKizY6Y)
+**THE POST IS NOW UP ON WSB! SHOW IT SOME LOVE THERE AND TRY TO REACH AS MANY PEOPLE AS POSSIBLE!;** [https://www.reddit.com/r/wallstreetbets/comments/lsvl8k/really\_long\_dd\_and\_analysis\_what\_happened/](https://www.reddit.com/r/wallstreetbets/comments/lsvl8k/really_long_dd_and_analysis_what_happened/)
+
+Good morning everyone!
+
+Firts of all: I made a prediction in my post yesterday. The prediction would've become reality, if Hedgies didn't overshort with fake shares (more about that in a second). Why do I tell you this? I literally received death threats and insults when the market ended. Just a heads up: Those are PREDICTIONS, they can be faulty at times, especially when Hedgies do such unexpected things, that no Data can predict (again, more about that in a second). So please, for the love of god, don't harass me, insult me, or send me death threats when something like that happens. I understand your frustration, but don't target me.
+
+Now the juicy stuff; **What exactly happened yesterday? Here is a timeline:**
+
+**9:35 AM:** The market opened and we had a huge drop off in price and a HUGE spike in volume. Hedgefunds shorted over 18,363,000 Shares (over the first 5 minutes. The amount of shorting was so aggressive, that trading got halted twice within the first minutes.
+
+https://preview.redd.it/qa324tff3tj61.png?width=1174&format=png&auto=webp&s=50964dc3be9795f0fcfcb3cc67825ea39a75484b
+
+**9:45 AM TO 1:50 PM**: Trading pretty much went in our favor the whole time, people kept buying in, we hit the daily high of $185 at around 1PM and went sideways for almost 1 hour after that
+
+https://preview.redd.it/vm47ibxf3tj61.png?width=622&format=png&auto=webp&s=26673c36448978a811390d4b0ab9da9123718aec
+
+**1:55PM**: Shit gets interesting. Really aggressive shorting for the second time that day brings the price down to $126. At that point in time, between 5,000,000 and 7,000,000 shares were shorted in the blink of an eye. What stood out for me at that point in time is, that the price kept going in the same direction after every short attack (between $100 and $125). That tells me, it was really important to get the price down in that direction. (more in a few seconds)
+
+https://preview.redd.it/hfol5ogg3tj61.png?width=525&format=png&auto=webp&s=a7821313bf8ce405a46d3d315e3b620b5a796251
+
+**2PM TO 3:25PM**: People buying in again, driving the price up to $140 - $150. And Now shit gets juicy.
+
+https://preview.redd.it/y0zw19zg3tj61.png?width=1049&format=png&auto=webp&s=1eb5579187b1de59f8672aab5bb560f2b283740d
+
+**3:30PM TO 4:00PM**: The 3rd aggressive short attack begins and keeps on going for 30 minutes, until the market closes. 10,000,000 shares were shorted in this time span.
+
+https://preview.redd.it/i49eqpch3tj61.png?width=1177&format=png&auto=webp&s=793551de3006b377b9b2c6228653943031971a88
+
+NOW THE ANALYSIS:
+
+**WHERE DID THEY GET SO MANY SHARES TO SHORT GME AND WHY WAS IT NOT PREDICTABLE?**
+
+So, how could no one forsee this? It's simple: Hedgefunds didn't borrow shares to short, they created them out of thin air. When the market opened yesterday, ALL available $GME Shares to borrow, were gone already (see my second edit from yesterday: **EDIT2 (10AM): 0 SHORTS AVAILABLE FOR $GME RIGHT NOW. THEY BORROWED OVER 2,100,000 SHARES TO SHORT FOR YESTERDAY AND TODAY**! ([https://fintel.io/ss/us/gme](https://fintel.io/ss/us/gme); [https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME)) What does this mean? Well, no one can predict or analyse how deep they are digging their grave right now, because they are not using real shares to short GME. They can just keep doing it in order to hold the price down artificially.
+
+**WHAT HAPPENS WHEN WE ADD UP TO SHORTS AND PRICE DIPS MENTIONED ABOVE?**
+
+Now it just gets stupidly funny and obvious. If we add up the three big short attacks (18,363,000 right at opening, 5,000,000 to 7,000,000 at noon and about 10,000,000 right before close), we get 33,363,000 shares sold short over the day. Why is this funny and obvious? Check the latest FINRA report. It states that yesterday more than 33,000,000 were sold short. That's almost exactly the number that we get when we add up the volume of the dips.
+
+https://preview.redd.it/s9kjbn1i3tj61.png?width=453&format=png&auto=webp&s=5e323e450938ced7be8d685ab0f1b57fce066652
+
+**WHY DID THEY SHORT GME SO AGGRESSIVELY WITH FAKE SHARES?**
+
+Because bears are fuk. See, when GME would've closed in between $115 and $150, over 44.000 Call options would've become ITM. If exercised, that would've driven up the price AH/PRE or today in the high hundreds, maybe even thousands. Why is that so bad? The higher the price gets, the more calls get exercised (so called options chain), the more people jump in because of FOMO and we get closer to the magical $800 mark, where the MOASS would become inevitable this or next week.
+
+https://preview.redd.it/o02we9gi3tj61.png?width=700&format=png&auto=webp&s=1ca98186104cf7c67d266dff157e6b80e98f2260
+
+​
+
+**WHAT CAN WE LEARN FROM THIS LOOKING FORWARD?**
+
+Hedgies don't give a single fuck anymore. Even when all the data available states, that there are no more shorts available to borrow for GME, we found all of their ETFs where they hid their shorts, they keep shorting it to try and stop the MOASS. You know what they say: There is nothing more dangerous than an animal that's trapped in a corner and's got nothing to lose anymore. That's what we're seeing right now. No one can give accurate predictions anymore, that is based on data. This has evolved into a game of poor greed and emotions. They don't care about the long term results of their illegal actions, they just want to save their asses for some more weeks or even just days.
+
+IN SHORT: BE PREPARED FOR EVERYTHING, DON'T BE SCARED OF DIPS, THEY ARE MORE THAN LIKELY CREATED ARTIFICIALLY BY HIGHLY ILLEGAL SHORTING WITH FAKED SHARES!
+
+​
+
+**TL;DR:** Hedgies are so fucked, that they just shorted GME with more than 33,000,000 non-existent shares yesterday, keeping the price down in order to stop the Gamma Squeeze from happening. The price would've jumped up to a few hundred, maybe even thousand dollars today if they didn't do it, which would've started the real squeeze today. They have nothing to lose anymore, so be prepared for more highly illegal action and don't get scared by fake dips!
+
+**IN SHORT: I LIKE THE STOCK 💎🙌**
+
+**EDIT(1PM EUROPEAN TIME**):  According to this site ([http://shortvolumes.com/?t=GME](http://shortvolumes.com/?t=GME)), the short sale volume was 61 % percent yesterday, with a **short sale volume of 50,959,384. That doesn't mean that Hedgies opened 51 Million new short positions. I am being really conservative and sticking to the 33,000,000. If it's more than that, even better!**
+
+https://preview.redd.it/adnmeimhctj61.png?width=830&format=png&auto=webp&s=2ad75127d1ac1cd480fb89b26e5584b16f17b3f6
+
+​
+
+**EDIT2: TO ALL THE PEOPLE WANTING UNDERSTAND NAKED SHORTING / COUNTERFEITING STOCKS, HERE IS A GREAT READ:** [http://counterfeitingstock.com/CounterfeitingStock.html#:\~:text=In%20the%20context%20of%20this,the%20company%2C%20is%20considered%20counterfeit](http://counterfeitingstock.com/CounterfeitingStock.html#:~:text=In%20the%20context%20of%20this,the%20company%2C%20is%20considered%20counterfeit).
+
+Quote: " **Naked Short** — This is an invention of the securities industry that is a license to create counterfeit shares. In the context of this document, a share created that has the effect of increasing the number of shares that are in the market place beyond the number issued by the company, is considered counterfeit. This is not a legal conclusion, since some shares we consider counterfeit are legal based upon today's rules. The alleged justification for naked shorting is to insure an orderly and smooth market, but all too often it is used to create a virtually unlimited supply of counterfeit shares, which leads to widespread stock manipulation – the lynchpin of this massive fraud.
+
+Returning to our example, everything is the same except the part about borrowing the share from someone else's account: There is no borrowed share — instead a new one is created by either the broker dealer or the DTC. Without a borrowed share behind the short sale, a naked short is really a counterfeit share."
+
+​
+
+**EDIT3(9:30AM): THE FEE TO BORROW GME SHARES WENT UP BY 12 % OVER NIGHT AND IS THEREFORE IN THE DOUBLE DIGITS FOR THE FIRST TIME SINCE 4 WEEKS! (**[**https://iborrowdesk.com/report/GME**](https://iborrowdesk.com/report/GME)**)**
+
+​
+
+**EDIT4: How do I know that it was Hedgies and not Retail selling their shares?  It is possible, that some retail traders sold, but if you take a look at the Short volume (61 % yesterday with 51,000,000 shares being sold short) and then take a look at the overall sell volume, it doesn't add up. If there was a huge retail sell off and the additional 61 % short volume, the price drop would've been much much bigger. Most retail held through, therefore they had to aggressively keep shorting, because no one was selling.**
+
+​
+
+EDIT5: I am preparing my next DD right now and HOLY SHIT. Yesterdays actions fit right into the pieces and I can give a date for the Squeeze to take place (ALMOST certain, but I don't want to make false promises, so please take it with a grain of salt!), because lots of different pieces fit together for that exact date. If I am able to finish it today, I'll link it here as well! This actually feels like a conspiracy theory, because everything happening right now points to that specific date making it feel too easy to be true.
+
+​
+
+**Another edit to blueball you guys even more**: The crazy last-minute drive up of the price 2 days ago and the drop off yesterday and today were foreseeable in hindsight. Again connecting to that specific date. But that's just a theory, a Game(stop) theory! Just makes this whole shit crazier than it already is.
+
+​
+
+UPDATE: I HAVE ALL THE DATA.  YOU CAN'T MAKE UP HOW CRAZY THIS SHIT IS. LOOKING FORWARD TO THE MOVIE! **THE ENDGAME DD IS BEING RELEASED TOMORROW @ 3PM EST / 9PM CET.** 
+
+​
+
+I keep trying to look for more Data and update this post! If I made some mistakes or missed something, feel free to tell me so I can keep you all up to date!
+After having 50% of the initial 1 trillion tokens burned, the dev team burned an an additional 12.5 billion tokens at midnight. That was 2.7% of the supply or 200k$
+
+Now they’ve announced the SafeDEX rollout to be in 7 days.
+
+You may ask do we really need another Dex? Let me ask you this:
+
+Have you been the target of a RugPull, HoneyPot or just straight scammed before? $SSHIBA is creating a Decentralized Exchange that will only allow audited and approved tokens to trade. Leaving you safe in the knowledge that your investments are in good hands.
+
+**SafeDEX**
+
+\- Is an exchange that lists new coins that have been audited in partnership with Solidity Finance.
+
+\- This will become the place to go for gem hunters!
+
+\- The beta has already been audited and approved by solidity finance
+
+\- First coin listings have been confirmed
+
+**SuperShiba NFMeme Marketplace**
+
+\- A platform for users to create their own memes directly as NFTs, share them, trade and just flex their claim on their own unique memes.
+
+**Other exciting developments**
+
+\- New website launched
+
+\- Chinese domain completed
+
+\- Poocoin ads going up
+
+\- First quotes for billboards in major cities like Tokyo received
+
+\- Dedicated marketing fund
+
+\- Tiktok influencer with 2.5m followers onboard
+
+**Giveaways**
+
+\- 6 BNB Twitter giveaway
+
+\- Second giveaway to be announced today
+
+**Numbers**
+
+\- 4300 Telegram members at writing
+
+\- 3100 Twitter followers
+
+\- Top 10 on all-time-best on freshcoins
+
+**Get in touch**
+
+TELEGRAM: [https://t.me/SuperShibaBSC](https://t.me/SuperShibaBSC)
+
+WEBSITE: [https://super-shiba.com/](https://super-shiba.com/)
+
+TWITTER ANNOUNCEMENT: [https://twitter.com/SuperShibaBSC/status/1394257639119495168?s=20](https://twitter.com/SuperShibaBSC/status/1394257639119495168?s=20)
+
+AMA LINK: [https://www.youtube.com/watch?v=jWSgjfohTVY](https://www.youtube.com/watch?v=jWSgjfohTVY)
+
+**Doxxed Team**
+
+Developer - Momsad K.
+
+[https://www.linkedin.com/in/momsadkhan/](https://www.linkedin.com/in/momsadkhan/)
+
+Marketing Director - Gareth Evans
+
+Community Engagement - Ben Walker
+
+**Buy here**
+
+Contract address: 0x922c77c7724d7b77fd7791be5cc5314b70c3a781
+
+PANCAKESAWP : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x922c77c7724d7b77fd7791be5cc5314b70c3a781)
+**TLDR: https://imgur.com/a/hA83Tet Lost $14,000 on FFG today. In 2018, I made a ~95% loss on FFG with one of my first trades. FFG is a dirty bandwagoning pump and dump. Commsec also fucked me today. Commsec and FFG make me cry.** 
+
+Ok degenerates, I have a fun little story for you. In 2018, I learnt about the wild swings of the share market and decided to make a punt at $800 of FFG at 8.6c seeing that it was on the way up and there was a lot of buzz around it utilizing blockchain (or something along those lines) - which was a hot topic at the time because of the initial rise of bitcoin (see a trend here?). It felt good to see it rocket to its peak of 13c shortly after, but then violently dropped as time went on. It went from about 13c to 5c in about two weeks but I decided to continue holding. "HODL" - they cried. "Time in the market beats timing in the market" they yelled. I was adamant that if I held long enough it would go back up. I was actually so demoralised by the continued drop that I stopped investing in the stock market at all until 2 years later. By Jan 2020 it had dropped to 0.7c and I sold it for around $50 at a ~95% loss because I couldn't bear to keep looking at it in my portfolio. 
+
+As I'm sure you all know FFG has gone on an absolute tear over the past week from impending news regarding another new hot thing they're getting into - BNPL. Upon seeing this, I thought this would be great opportunity to take revenge on FFG for my trauma 3 years ago - using the momentum and my new knowledge to gain a few thousand dollars with intra-day trades yesterday.
+
+However, today was truly a fateful day. I knew that it would gap up and my plan was to trade the initial upswing for "easy" gains and sell instantly when it starts dropping. 
+
+https://imgur.com/a/hA83Tet As you can see, this did not turn out well at all. 
+
+So what happened? I made bad decisions and Commsec decided to royally fuck me. Once FFG opened to the market and I confirmed the rise, I bought at 35c. However, the order didn't confirm but was left as "pending" and seemed to be in limbo as I was neither able to cancel the order or see the shares in my account. As I was scrambling to figure out what was going on and whether the order actually succeeded or not, the price had risen a bunch so I decided to place another order at 42c. But same result - just a pending order sitting frozen there. Being distracted and confused, trying to figure out if my orders had gone through, I was unable to keep an eye on the price and it started dropping *hard*. It finally showed that my orders had gone through and I was holding onto 300,000 shares of FFG, but the price had dropped so much that I had no choice but to sell instantly at 33.5c, incurring a loss of $11,500. I was so emotionally clouded by this whole sequence of events that I tried to trade it again at 26c, losing $2,500 - in hindsight knowing that I should have steered clear of it after such a large dump. All in all a very sad day. I then proceeded to burn the meat pie I made for lunch as well and had to sadly scrape the burnt bits off the top. I did end up making more than half of my loss back towards the end of the day, but that's not what this story is about.
+
+So what went wrong with Commsec? I realised that this issue has actually happened to me before, a few months ago in a similar scenario. I was trading a very high volume open and used a did not use a limit order, and my order stayed pending for about an hour. I suspect this might have to do with the time that it takes Commsec's end to process so many transactions. However, with these kinds of trades, even seconds can be the difference in gains and losses. Another user described their similar experience here: https://www.reddit.com/r/ASX_Bets/comments/lloij7/fellow_traders_please_help_with_an_issue_im/ 
+
+I'm going to start looking into new brokers or platforms to use for these kind of trades in the future. 
+
+As for FFG, this time might be different, but I honestly can't see them as anything more than dirty bandwagoning pump and dumps anymore haha. I've had two very sour experiences with them now. But maybe I also shouldn't get too emotional about trades.
+
+**I hope this story has been entertaining and that maybe you've even learnt something too! Need to keep some losses showing so that we don't think it's always rainbows and sunshines here. Be careful and good luck to you all in these volatile times!**
+Hello all, 
+
+So myself and my fiancee are both in our mid-20s and will be getting married once the pandemic is solved and we can actually have a proper wedding. That being said we have more seriously started discussing finances and how they would be when we are married and then the topic of a prenup came up. I'm completely fine with a prenup as long as it's fair, so no issues or drama between us for that. We live in Wisconsin, I'm guessing that matters since it's a communal property state or something?
+
+Her grandparents were the founders of a company that is valued around the $500 million mark currently. Upon their passing, they left each grandchild (ie. my fiancee) about $1M in cash and then 8 figure trust accounts. My fiancee is currently in the process of transferring the $1M cash into an irrevocable trust that she will be the beneficiary for. So pretty much all of her net worth is going to be in the form of trusts that are protected from any lawsuits, marriage, medical debt etc...which makes sense, I would do the same thing if I was in her shoes and wanting to protect said assets.
+
+I'm a successful software engineer and I already have multiple investment rental properties and plenty of other investments. At my current rate I'm planning to retire from engineering somewhere around 35 years old and live off the rental income/investments and then pursue a career I actually enjoy (yes I went into engineering for the money) and just live life to the fullest. 
+
+That all being said, I'm looking for advice on how to approach this prenup in a fair way. In my opinion, how it looks right now is that all of my fiancee's assets are going to be protected via the trusts, but all of my assets are in my own name and will become 50% hers once we marry since the communal property state thing. I'm not really willing to transfer all of my assets into an irrevocable trust because I don't have anyone I can really trust with having all that power over the trust. 
+
+Also, my fiancee has expressed interest that once she gains full access to the trusts as she hits 28 years old since she will never have to work full time again, she wants to travel and see the world more. I'm fine with this, but doing this would mean I would have to quit the workforce early and I wouldn't then be able to hit my financial freedom goals by 35 like if I was working. Is there a way to word a prenup so that if I change my career path/life because we want go go enjoy life together, that I'm not then screwed for the years of lost income/compound interest I would gain during those lost working years, in the event we ever divorce?  Also the whole thing of if we were ever to divorce, how to avoid her family just drowning me in divorce legal fees since they literally have teams of lawyers and accountants that work for them.
+
+Thank you for any and all advice that comes my way. I don't really have anyone else to talk to about this stuff since none of my friends and very few in my family know about my fiancee's families wealth. Obviously this is a burner account for the same reason. I'll be sure to answer any questions that might flow in. For anyone wondering how friends/family don't know, fiancee and her family don't flaunt it. They live what could be considered normal upper class lives. Live in a nice area, drive a base level Toyota, no designer cloths or anything like that, still uses an iPhone 8, still all work 9-5's (but ones they love).... they live wayyyyyyyy below their means.
+​
+
+https://preview.redd.it/6amug0mrygz61.png?width=613&format=png&auto=webp&s=0df546dbd3deed30d542c91c19374f71093da3ba
+
+Developer who understands how blockchains work talks about dust/spam attacks from low cost to transact on-chain.
+
+Musk tells him it's all fine miners get the same fees. LOL!
+
+This is why people should stay in their lane. The cult of Elon has deluded themselves into believing their own bullshit that he's some sort of frickin' polymath.
+
+He's just an engineer apt to pass ignorant commentary on topics he has no initiation in, nor any inclination to seek.
+
+"For those bad at math" after spewing uneducated hogwash about the only form of money predicated on hard-wired mathematics.
+
+Dude's a fraud and he's not even embarrassed about it. His target audience lacks the scientific literacy to ever call him out. As you say, master Elon. A combination of halo effect and ipse-dixitism.
+I have averaged approximately 18%. I own mainly Fundsmith, Lindsell Train Global, L&G Technology.
+
+How well did you do?
+What did you own?
+What is your strategy? Long term buy & hold? Flipping?
+Curious to know how people here spend their money and what's considered important to each one. My fixed monthly expenses (adjusted for 1 person) are around 1300 EUR in Germany, I'm 26M
+
+Rent: 600   
+Groceries: 200  
+Takeaway/Delivery: 150   
+Gym: 50  
+Subscriptions (Netflix, Prime, Spotify, Cloud, Password): 100   
+HEalthcare: 70 (Haircut, Massage)  
+Miscellaneous (amazon purchases): 130
+First of all it's 140k euro (I'm spanish), and I'll probably use Degiro mostly and Revolut (for small stuff).
+
+I have few expenses, and don't have a family to sustain.
+
+My plan it's:
+
+- Keep 40k in the bank + my salary. Until now everything was in the bank giving me nothing... Also I want to buy a house in the next years.
+
+- 85k in ACC Degiro Comission Free ETF's. ACC because how spanish taxes work:
+
+   - 72k in [IE00B4L5Y983](https://www.morningstar.es/es/etf/snapshot/snapshot.aspx?id=0P0000MLIH) (Comission Free)
+   - 13k in [ETF IE00B4L5YC18](https://www.morningstar.es/es/etf/snapshot/snapshot.aspx?id=0P0000MLIC) (Comission Free)
+  -  Edit: Someone remarked how I have access to indexed funds at Spain (and can move funds between them without having a "sale" causing taxes), so I'm considering:
+     - [IE00B03HCZ61](https://www.morningstar.es/es/funds/snapshot/snapshot.aspx?id=F0GBR04SKK)  instead of [IE00B4L5Y983](https://www.morningstar.es/es/etf/snapshot/snapshot.aspx?id=0P0000MLIH)
+     - [IE0031786142](https://www.morningstar.es/es/funds/snapshot/snapshot.aspx?id=F0GBR06TSA)  instead of [IE00B4L5YC18](https://www.morningstar.es/es/etf/snapshot/snapshot.aspx?id=0P0000MLIC)
+
+- 10k in 4 solid stocks companies: Stuff like SBUX, DIS, MSFT, AAPL
+
+- 5k money for stock opportunities but not coming late to the party. My first investment has been 35@16,90 in AMC (which I'm still holding...) so I have learnt a valuable lesson about volatile stuff. Although thanks to it I found out about investing instead of having 140k at my bank giving me 0 interest.
+
+Additional questions: 
+
+- Should I put a lump sum in ETF's as soon as I can or space it out (and try to catch some dips)?
+
+- Can Degiro comission ETF's be better for me than the CF ones if I do a lump sum?
+
+Thanks a lot.
+Curious to know how people here spend their money and what's considered important to each one. My fixed monthly expenses (adjusted for 1 person) are around 1300 EUR in Germany, I'm 26M
+
+Rent: 600   
+Groceries: 200  
+Takeaway/Delivery: 150   
+Gym: 50  
+Subscriptions (Netflix, Prime, Spotify, Cloud, Password): 100   
+HEalthcare: 70 (Haircut, Massage)  
+Miscellaneous (amazon purchases): 130
+https://www.cnbc.com/2021/10/18/the-wealthiest-10percent-of-americans-own-a-record-89percent-of-all-us-stocks.html
+
+The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19 pandemic, while the bottom 90% added $1.2 trillion, according to the latest data from the Federal Reserve. The share of corporate equities and mutual funds owned by the top 10% reached the record high in the second quarter, while the bottom 90% of Americans held about 11% of stocks, down from 12% before the pandemic. The stock market, which has nearly doubled since the March 2020 drop and is up nearly 40% since January 2020, was the main source of wealth creation in America during the pandemic — as well as the main driver of inequality. The total wealth of the top 1% now tops 32%, a record, according to the Fed data. Nearly 70% of their wealth gains over the past year and a half — one of the fastest wealth booms in recent history — came from stocks.
+
+
+“The top 1% own a lot of stock, the rest of us own a little,” said Steven Rosenthal, senior fellow, Urban-Brookings Tax Policy Center. The growing concentration of wealth comes despite millions of new investors coming into the stock market for the first time during the pandemic, leading to what many have labeled “the democratization” of stocks. Robinhood added more than 10 million new accounts over the past two years and now has more than 22 million — many of them held by younger, first-time investors. Yet while the market may be owned more broadly, the gains and wealth it creates are not being more widely distributed. Rosenthal said that while the army of new investors may be numerous, they are also still small, with the average account size at Robinhood at about $4,500. When markets rise, they will have far smaller dollar gains than wealthier investors with hundreds of thousands or even millions in stock holdings.
+
+
+“Many of the younger investors also bought in at higher prices, compared to bigger investors who have been in the market for years and see larger gains,” Rosenthal said. What’s more, many of the new investors have more of a trading mentality — buying and selling stocks rapidly, with leverage, in hopes of quick gains. While the strategy can create big winners, others may see lower returns than those of investors who simply buy and hold for the long term. The top 10% saw the value of their stocks gain 43% between January 2020 and June of 2021, according to the Fed. The bottom 90% saw stock wealth rise at a lower rate — 33%. “They might account for a larger share of trading activity, but that’s different from ownership and wealth,” Rosenthal said.
+Sup simple Apes. I posted this a couple of months ago and it got some traction, here’s a repost. Worth another read. Let’s goooo: 
+
+Loopring has a PATENT on decentralized exchanges active in the United States patent office. Potential to replace the NYSE.
+
+Check out the patent:
+
+[https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring](https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring) 
+
+>Filed 	July 1, 2018
+
+
+Methods for preventing front running in digital asset transactions
+
+Abstract:
+
+>"Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key."
+
+Sounds to me like they have already beat the market in the US. This means ANY company that wants to use a decentralized exchange for ANY product will have to go through loopring. 
+
+Of course, nobody can ban a specific chain entirely -- but loopring would be the goto for any corporation or business in America that wants to access a decentralized layer 2. They can't have competitors in the US.
+
+This is open sourced and on Ethereum so no centralization! Vitalik Buterin has said the future of Ethereum lies on layer 2 built with zkRollups.
+
+Loopring is working on a zkEVM (Ethereum Virtual Machine)!
+
+zkRollup allows for secure transactions with ZERO fees within L2.
+
+This post was trending already with *similar* information: 
+
+[https://www.reddit.com/r/Superstonk/comments/qj1ebm/why_are_gamestop_partnering_with_loopring_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf](https://www.reddit.com/r/Superstonk/comments/qj1ebm/why_are_gamestop_partnering_with_loopring_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+
+The patent was granted on July 16, 2019!! 
+[https://uspto.report/patent/grant/10,354,236](https://uspto.report/patent/grant/10,354,236) 
+
+>Abstract
+>Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key.
+
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+
+Edit 01: This appears to be a link to loopring's actual patent: 
+
+[https://uspto.report/patent/app/20190251627#:~:text=loopring](https://uspto.report/patent/app/20190251627#:~:text=loopring) 
+
+Importantly, it is a patent for their specific loop method of order matching/resolution, not DEXs generally or absolutely.
+It's the first dapp which gains actual realworld usage, by ordinary users! No complicated crypto concepts, just kitties.    
+
+Despite its simplicity, and without even trying, it makes accessible the concepts of scarcity, trustlessness, dapps, smart contracts & decentralization.   
+
+I expect this to inspire many other games. The games will be copycats (pun intended) at first, but will diversify quickly. From an unexpected angle, it feels like we're seeing the start of realworld adoption, and mainstream penetration.   
+
+CrytoKitties is the 10,000 BTC pizza of ETH.   
+
+Disclaimer: I own no kitties, and don't intend to.
+Future Retail price is down from record high of Rs. 600 in 2017 to Rs. 71 and is showing no signs of slowing down.
+
+Future Corporate Resources Private Limited, the promoter entity has pledged all of it's shares (51.51%)
+
+Q1. I want to know why did the promoter pledged all of it's shares and where did the money go?
+
+Reports are coming that lenders are trying to invoke 8% of shares,
+
+Q2.  How far does the promoter shareholding or share price needs to go down, which will enable the control of lenders in Future Retail?
+
+​
+
+Current Ratio=1.28, Debt to Equity=1.16, Interest Coverage Ratio=1.85
+
+The debt levels are not ideal, but according to the ratios, they are not out of control either.
+
+Also, there is a regulatory restriction which does not allow amazon to invest further in future retail.
+
+​
+
+I currently hold shares in future retail,
+
+Q3. How far do you think the shares will fall and what would likely happen to future retail?
+
+[https://www.financialexpress.com/industry/fitch-downgrades-future-retail-puts-company-on-rating-watch-list-2/1917632/](https://www.financialexpress.com/industry/fitch-downgrades-future-retail-puts-company-on-rating-watch-list-2/1917632/)
+
+tldr: promoter not able to pay for pledged shares, risk of losing control, share price down like crazy, opinions on current crash and likely future?
+
+Edit 1: Group External Debt: Rs. 1,430 Cr
+
+Group debt payment for FY 21: Rs. 316 Cr and FY 22: Rs. 729 Cr
+
+Total debt of listed firms: Rs. 12,778 Cr
+
+(-) Cash Equivalents of listed Firms: Rs. 1,056.38 Cr
+
+Net Debt of listed firms: Rs. 11,721.62 CR
+
+Earnings Before Tax (including interest) last year of listed firms: Rs. 953.17 Cr
+
+Discounting ebt by 30% because it is a bad year: Rs. 667.21 Cr
+
+they are also planning to sell FUTURE GENERALI (51% control), but still the debt levels are too high
+
+However I don't know maturity date of debt at listed firms. It will all depend on how long is the maturity date for debt.
+
+This article will make things a lot clear
+
+[https://www.business-standard.com/article/companies/future-group-seeking-buyers-for-insurance-arm-to-pay-off-its-debt-120032401662\_1.html](https://www.business-standard.com/article/companies/future-group-seeking-buyers-for-insurance-arm-to-pay-off-its-debt-120032401662_1.html)
+I’m curious if there might be a reason I am not thinking of to take my in-laws up on their offer to loan us the cash to buy a new home. They’ve offered to loan us the money at 0% interest. It would save us close to $250k in interest over the life of the loan. I can’t think of a reason not to accept, but wanted to check here and maybe someone has a reason I hadn’t considered. Thanks
+
+Edit: I appreciate you guys taking the time to respond. I guess I could have been more clear in my initial post, I wasn’t asking for interpersonal relationship advice, merely financial. Some of you guys seem to either have terrible families or are incredibly married to the idea of living by absolute truisms. The personal parts of this deal I am fine with. I would never consider it if I thought any of the negative things some folks are suggesting would be the case. I’m not that young and naive. I’m mid 30’s with a couple kids and this is my second house. I was just presented with an opportunity to save some money. Either way, like I said, I appreciate you folks. This sub is outstanding and there were some really thoughtful responses in here. Sorry that I couldn’t respond to everyone.
+I'm looking for a change in career paths towards a quantitative analyst trading position in sports betting companies. I'm a recent graduate with an undergrad degree in actuarial science and a masters degree in operational research with data science. I'm currently performing my dissertation with a horse betting consultancy but the project doesn't involve any quantitative trading aspects.
+
+What would be the best way for me to equip myself for sports betting companies that focus on quantitative trading?
+
+EDIT: Just to clarify, I'm not looking to be an independent trader. I want to be a quant trader in a sports betting company
+$ULTRA's been one of the hottest cryptos in the space since its release and the reason why is clear - it has an amazing community and a well connected, hard working team.
+
+​
+
+The recent pump which caused the token to 2x basically overnight was caused by a single whale buying $500k worth - causing people to wonder whether this is an insider who knows some secret bullish stuff, or just a whale who trusts the team to deliver. What's clear however is this - there is a lot of interest in this token and it's been accumulated slowly by many whales, most of them being ex-safemoon whales, who are probably thinking that UltraSafe is the next big thing.
+
+​
+
+The project's team has just done a livestreamed AMA today with lots of good questions asked. The hot topics of today were:
+
+​
+
+\- Marketing, which they have expanded more on (huge influencers locked, mainstream media promo starting soon)
+
+\- Website V2 release. V2 has just been released and it includes updated information on the token. V3, as far as we know, is about 8-10 days away and it will be a completely redesigned and new website.
+
+\- Update on CMC listing, re-applied to speed up the process
+
+\- More info on future plans, staking, etc
+
+​
+
+For more information:
+
+​
+
+Website: [ultrasafe.finance](https://ultrasafe.finance)
+
+Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial)
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
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+
+***
+
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+
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+
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+Welcome to the Daily General Discussion thread of /r/EthTrader.
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+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
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+Hey all, the title is pretty self explanatory. This is not my rental. It's a friend's. He bought the property in July, tenants occupied. They are section 8 tenants. They have been threatening my friend (the owner). He lives in the building too on the first floor. 
+
+He has asked the tenants to remove some of their rubbish in common areas and they've reacted violently, cursing him out etc. They have ripped security cameras from the walls. They have now brought people to the building explicitly to fight her and destroy property. 
+
+What can he do? He's called the police and they've done nothing. What else can she do? 
+
+Sheriff's Office is also refusing to enforce evictions though he has already started the court process.
+Howdy Apes! u/Bradduck_Flyntmoore here! The good news just keeps on coming. As the title says, Dave Lauer will be joining us for an AMA immediately following the Jon Stewart AMA. The focus of this one is retail advocacy. What that means, how to do it, resources available, etc. This AMA will also be text-based. Feel free to use this post as a place to start getting questions in order. We will be pinning a fresh version of both AMA posts at the appropriate times (1pm ET for JS and 2pm ET for DL) to keep the clutter down, which will also make it easier for us to moderate it. Speaking of which, **anyone found to be brigading or flaming or otherwise trolling the bets post will be permabanned.**
+
+​
+
+As many of you know, Dave and the team at Urvin Finance have put together what they call the Investor Bill of Rights. This AMA is the perfect opportunity to ask any questions you may have about it, The Terminal, or investor advocacy in general. Don’t forget, Dave has been at this for over a decade. For anyone who is chomping at the bit to get involved and get their voices heard (I see you u/buttfarm69), this AMA will focus on what the individual can do, as well as the tools and resources available to help do it. Apes are welcome to ask Dave questions about his experiences with Jon Stewart and team, as well.
+
+​
+
+I’d like to take this opportunity to remind everyone that as more eyes fall on Superstonk, there will likely be more new folks wandering in to see what the hell is going on with GameStop and the market at large. Help them. Support them. Answer their questions or direct them to the appropriate reading material. Be excellent to them and each other, in true ape fashion.
+
+​
+
+Before I let you get back to your weekend banana hobbies, I’d like to also give credit where it is due, namely to former Superstonk moderator, u/StonkU2, for his efforts behind the scenes to make both AMAs happen. Thank you for continuing to fight for retail in the public space, Alex. You’re a fine demonstration of how apes together strong and for that, I salute you! o7
+
+​
+
+As StonkU2 would say: Profit to the People! LFG!!! 🚀🌙
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
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+
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+
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+
+**TL;DR**: Value stocks are calling out for your attention. The value spread is at historically favorable levels (for value stocks), and this predicts strong future earnings relative to growth.
+
+Not since the Dot Com era have we seen value stocks spreading themselves so enticingly.
+
+What is the value spread? Definitions abound, but in general, it measures the relative cheapness of value stocks to growth stocks. For example, one might compare the E/P of value stocks to E/P of growth stocks (the inverse of the P/E ratio). More complex frameworks include metrics such as book/price, forecasted earnings to price, etc. 
+
+But value stocks are cheap for a reason, you say. The literature comes to the rescue: there have been numerous empirical studies verifying that periods of outperformance follow relatively cheap periods. Much as heightened values of the Shiller P/E ratio tends to forecast poor returns, historically cheap value stocks forecast great returns. This phenomenon is pronounced for small cap value.
+
+In fact, simple mean reversion implies large premiums:
+
+> Value stocks look like a heck of a value right now! Look at it this way. As of yesterday, value stocks have a forward P/E of 13.4, against growth stocks at 22.4. The ratio is 0.57. To get back to the historical average ratio of 0.75, and assuming stable earnings, value stocks would have to rise by about 30 per cent, or growth stocks would have to fall by over 20 per cent, or some combination of both. A little mean reversion here would mean a lot of outperformance for value.
+
+[Source](https://www.ft.com/content/e3fb3c34-b982-4827-9762-f5b9a8d33dc5)
+
+Let's now present some graphs. From AQR capital, a normalized value spread measure the last few decades: [graph](https://i.imgur.com/PzKHi5Q.png). Here higher is cheaper value. They use a complex mixture to compute valuation, described in their [blog posts](https://www.aqr.com/Insights/Perspectives/Is-Systematic-Value-Investing-Dead).
+
+From the FT, a simpler graph of price/earnings: [graph](https://i.imgur.com/nz83cmC.png). Note that here 'lower' is cheaper since they use P/E instead of E/P.
+
+This phenomenon is robust across the world: [graph](https://i.imgur.com/ytkZewM.png). In fact, the cheapness is even more extreme than Europe: [graph](https://i.imgur.com/P3nudFF.png). An [FT article](https://www.ft.com/content/a841583e-4ea7-4ff6-b673-ece22b72f100) explains just how remarkable this is:
+
+> Arnold also writes “value stocks in Europe are currently trading on lower PEs than they were five years ago . . . there are very few, if any, parts of developed market equities that the market is so pessimistic about that they’ve actually de-rated over the last five years.”
+
+> On top of the gap between the valuation of European growth and value, there is the gap between US value and European value: “The Russell 1000 value index is a 16.5 forward PE, while the equivalent in Europe is on 11, an enormous differential in its own right. A cheap stock in the US is held in much higher regard than a cheap stock in Europe. Value stocks in Europe are the unloved of the unloved!”
+> 
+> Finally, Arnold writes that “over the last five years Europe’s cheapest companies have delivered more profit growth than their growth counterparts . . . so over that 5 year period the real growth stocks in Europe, in terms of fundamentals anyway, have been the value stocks!” 
+
+
+Growth has been impressive the past decade, as [Larry Swedroe writes](https://www.evidenceinvestor.com/is-small-cap-value-dead/), both in returns and fundamentals. But value stocks has done well for itself, fundamentally.
+
+> While it is true that earnings of large growth stocks have grown faster than earnings of small-cap value stocks — Avantis estimated that large growth earnings grew by approximately 194 percent between January 2010 and July 2021 versus an earnings increase of 177 percent for small value stocks — the differential was less than 2 percent per year. That differential is a lot smaller than what would have been the expected differential, and certainly cannot explain the fact that the return to large growth stocks was 492 percent versus the 181 percent return to small value stocks over that same period.
+
+Swedroe gives a short literature review on the evidence that this spread predicts returns.  For example,
+
+> Adam Zaremba and Mehmet Umutlu, authors of the March 2019 study Strategies Can Be Expensive Too! The Value Spread and Asset Allocation in Global Equity Markets, examined whether the value spread (the difference in valuation ratios between the long and the short sides of the trade) was useful for forecasting returns on quantitative equity strategies for country selection. To test this, they examined a sample of 120 country-level equity strategies replicated within 72 stock markets for the years 1996 through 2017.
+
+> They found: “The breadth of the value spread can predict the future returns in the cross-section. We show that equity strategies with a wide value spread markedly outperform strategies with a narrow value spread. In other words, if you wonder which strategy might produce decent payoffs in the future, pay attention to the value spread.”
+
+Mean reversion alone predicts strong outperformance, but it is comforting to have empirical evidence across the world verifying that this mean reversion will probably happen.
+
+This cheapness won't last forever, if history is to repeat itself. Eventually, money will flows into such unappreciated value, with strong fundamentals. The time to sin a little and market time is now. Thus, I conclude with a recommendation to buy small cap value ETFs, where the premiums are even higher.
+
+[Reposted from /r/stocks]
+Hello! First time posting on this sub - please excuse me if this I’m not the correct forum. 
+
+Myself and a handful of friends are looking to set up an investment group. This is a venture where we’d be strictly investing our own money, no outside funds. We have an outline of an agreement set up and agreed upon, however, we don’t know what the next steps are.
+
+Do we set up an LLC? Do we look for a firm/broker to manage our account and execute trades?
+
+Any help would be greatly appreciated and that you for any guidance.
+
+
+
+Edit: Wow, I really appreciate all the negative feedback! Let me explain a bit more - my friends and I are all very well versed in finance and investing. We all majored in Finance and/or Accounting and each of us hold our own separate retirement and investment accounts. In the group of five there are two CFA’s and one CPA. 
+
+THE GOAL HERE IS NOT TO MAKE A BUNCH OF MONEY. This is a way to keep in touch with old friends (who live all across the country), stay in tune with the market, have some fun, build some memories and MAYBE make a few bucks - if not, it’s not the end of the world. 
+
+The investment would be small and certainly not enough to “ruin a friendship over”. 
+
+It’s pretty widely accepted that investment clubs have been around for a long time, and I was just inquiring as to the process to get one started from a legal standpoint.
+
+A bit of context. 
+Im a 61 yr old carpenter.  After a lifetime of hard work an opportunity called  Covid happened. 
+Call it the perfect storm  ( for me anyway). Covid, Robbinhood, access to money & time on my hands.
+Just before  covid my son was dabbing in the market with Robbinhood. His experience led me to take a chance and enroll ( something  I don't readily do). 
+
+I mostly invested in REIT'S  With my 9 grand from my vacation  fund. That was May 2020.
+By June I had emptied my bank account  & had borrowed  30 grand from my annuity . 
+I  had $ 60,000 in the market. 
+
+I learned slow ( wish I bought Tesla ! ) I was taken in by high  dividends. Growth was slow but steady.
+I realized I'd never again see a market downturn  like this and was determined to take advantage of  it. 
+
+By November I had learned more about the market and started thinking more for myself. I move large portions  of my portfolio into oil.
+I grew up through the oil shortages of the 70's and thought I had a good understanding of the industry.
+Stick with what you  know Right? 
+
+XOM, FANG, USDP, VLO ...
+I was making money ! 
+
+Here I am 1 yr later  with $160,000. In equity ! 
+I'm blown away !  
+
+But what next ? I have 100 g's  in REIT's  and 130 g's in oil related stocks.  I've used as much margin money as I could , 70 g's , trying to make the most of this covid event. But where do I go from here? I know I'm unbalanced  but don't want to give up the earning potential  in oil just yet. Maybe  later this year I'm thinking I should trim my exposure  but go were ? 
+
+The taxes are going to suck but that's what newbies do. We Learn. 
+So...
+I'm looking  for some advice  on a strategy that will move my portfolio into a long term income source. 
+
+Please help !
+I'm all ears !
+Despite my spending all weekend trying to identify a single names source to support Evergrande making the payments on their overdue bonds, I’ve only found anonymously sources flimsy crap from the likes of NYT, Reuters, CNN, and Bloomberg.  
+
+TLDR:  just watch the video then
+https://youtu.be/RhQpZH3uaHM
+
+There is literally nobody willing to go on record to say these payments were made. Meanwhile HSBC, UBS, and Nomura are in the press suddenly going bullish on China.  I’ll give you one guess which banks are most exposed to Chinese Developers.
+
+We saw the same theme play out in 2007 when the banks unloaded all of there “AAA Rates” MBS on unsuspecting clients and didn’t tell the truth about what was really in those bonds until the last of that dogshit was off their own books first.  
+
+I’d love to be wrong about this, but if the payment was really made, why would nobody be willing to go on record and say so? There is literally no reason to demand anonymity.  There is however incentive to push the false narrative to give themselves more time to dump those toxic bonds.
+
+There is however one person, Dr Marco Metzler of German research firm DMSA who’s willing to go on record that the payments were NOT made. According to Dr Metzler, HSBC has $18 Billion in exposure to Evergrande alone and a $196 Billion portfolio of Chinese corporate loans (admittedly, that numbers seems too high to me to be real).  But there is certainly plenty of incentive there to spin a phony story to cover up what would be one of the largest bankruptcies in history.
+https://www.cnbc.com/2019/05/21/apple-bid-to-buy-tesla-in-2013-for-240-a-share-analyst-says.html
+
+Craig Irwin of Roth Capital Partners told CNBC on Tuesday that Apple bid a higher price for Tesla in 2013 than where the stock is currently trading.
+
+Previous reports indicated that Tesla CEO Elon Musk had met with Apple officials around the same time period.
+
+Tesla is down over 38% in 2019, to a share price of $197.76 at the open on Tuesday.
+NVDA market cap:  $535,91B
+
+TSM market cap:  $517,93B
+
+ASML market cap: $333,46B
+
+INTC market cap: $213,92B
+
+I fully realize that the term "semiconductor" is no more perfectly accurate for NVDA as it has been expanding heavily on the software side, yet that software is based on them selling chips so I still think its the correct category of industries for NVDA and a very interesting observation of what the market thinks the future of these companies holds.
+
+
+Couples or families giving advice to single people isn't helpful. Telling someone they would struggle less if they would couple up, is infuriating - like to enjoy this life is to be dependent on someone else. I have chosen this specific independence as a woman after a lifetime of being betrayed by others. The advice that people with more support almost never is relevant and somewhat oblivious.
+
+Here are examples: 
+
+- if you want a better job, you possibly could be a part time student. Everyone who recommends this said it was only possible bc their partner or family helped pay for their rent and bills, so when person who was student did not have to pay full rent or any. Multiple women I used to be friends with say "I did this all by myself!" (Going back to school, new career path) Oh well yeah 3 years ago I didn't work for  a year and a half...but you should be able to do this? 
+
+I can't. I am barely surviving paycheck to paycheck, I cannot work less or get a loan right now. I do not understand how single people without family gp back to school while working full time. I can barely do this without being a student. I don't want to try to do something that would be impossible and waste of money if I couldn't actually pass courses. 
+
+- couples that say they aren't in rush to get married but then quickly do and are gifted down payment of house. Tells people they know secret of becoming home owners when they couldn't have done without help. 
+
+I could go on- sharing medical insurance, sharing cost of living- no duh it's easier with someone else. The ability to get more faster with 2 incomes. This advice does not work for people who want to live an independent life on their own accord. When you actually come from nothing and have had no one to ever rely on, this makes more sense. Few get this. Again, see title if you are in relationship and weathering this life with someone else or they saved you, think about how hard this is alone. 
+
+People like getting frustrated at single women who want to be secure on their own. This has been a dream of mine since I left home at 17, like my values are engrained in being able to be totally okay before investing in any person. Like I might date again or have a person when I have lived a few really stable years peacefully. 
+
+I want to prove to myself in this lifetime that I can rescue myself and my trajectory as a woman alone is fulfilling. I'm one of those women that in my free time, I want to write and be outside, see a few close friends but this is all so hard while working full time. It's an issue of time as a resource doing everything alone.
+
+**EDIT I am 30 yo woman, I don't want to say my field of work to not make my post more specific but I make less than 24k a year but I have health insurance with work. 
+I had roommates for years and years and am taking at least a few years break living alone in place I can afford, it's my cay payment and other catchup past bills piling up that screw me. I didn't say in post why but I have dated a lot and  had a lot of time wasted and focus lost from trying to support someone and myself or it was too difficult/I enjoyed being alone more bc I don't owe anyone in relationship anything and can focus on myself and actual close friends. I have huge distrust in relying on others as it has failed numerous times in past and made me feel stupid. You'll never feel stupid or owe anyone anything if you are independent and do it yourself, its hard but I know I'm not wrong. Think of this from a vulnerable woman's standpoint who just wants agency that can never be taken away, if I work hard then I earn that.
+
+Advice from SINGLE WOMEN or singles is welcomed, advice from people not in that situation please find another post. This is a vent and I'm looking for others in my position to relate to bc I know a lot feel this and no one sees them.
+I've only been actively investing/trading for 1.5 years, and I made much monies on long calls I bought last fall on reopening stocks. Since then, mixed bag but mostly been bleeding bad on long options. So I started selling. But even there idk if I'm doing it right (made more $ than I've lost though).
+
+**So you sell options to WSB degenerates...but what does that mean?** 
+
+* Do most of you sell high IV puts for that juicy premium? If yes, isn't that almost as degenerate because you could be stuck bag holding? Even if you get assigned on the put and sell CC's, those can also burn you if the underlying drops 20-30% in a week (ie, the premium you collect wouldn't come close to covering the overall loss on the underlying decline).
+* If you do sell options on high IV stuff, **do any of you do credit spreads? If yes, give me an example of a strategy**, preferably on a specific ticker you've traded. I'm new to trading spreads, but I understand how they work so you don't have to explain that.
+
+I've been trading for the last year w mixed results, but I want to sell options to actually invest long-term. **Who here sells puts on dividend/blue chip/boomer stocks to build your portfolio and income?**
+
+* I'm looking for tickers under $40 because my whole portfolio isn't very large. What tickers are pretty safe, pay a decent dividend, and you'd recommend to build a foundation for long-term investment. No small/mid cap growth stocks, please. I already have my list of 5 stocks there (FSLY, SUMO, SKLZ, PLTR, PRCH).
+
+Teach me the way.
+(Apologise in advance if the post is not relevant to the group and pardon for my English. This is my first post)
+
+Good morning everyone,
+
+There is a recent post about high income earner that actually enjoy their job, and it’s great reading that people who love and passionate about their job. 
+
+I then think there will also be people in a job that requires qualification which pay the average and also have to bear a lot of stress and responsibilities as well. 
+
+I created this post to learn what jobs that classified as average earning, however, required qualification, and the working environment may be stressful. 
+
+About myself, I works as an auditor, which paid $59K incl. super (2 years of experience). For the past 2 years, I worked the average of 12hrs+ a day (start at 9am and finish at 12am, sometimes 1am or 2am). Plus, I was required to do CA (another accounting qualification on top of university degree) which takes up most of my weekends. I felt like as an auditor, I am in a constant stress, as client sometimes is not cooperating giving us documents to do the work and there was cases that they screamed and yelled at me. ( I literally was crying while talking with them over the phone). If unlucky to work in a “not so good” team, the situation get worse. Manager puts unnecessary pressure on in-charge, in-charge put unnecessary pressure on staffs because of deadline. (Sometimes, the management does not manage the timeline efficiently, then staffs would get blame for not having work done). Before COVID, my employer would allow coffee run (sometimes) and dinner + taxi (work till late night). However, they cut the allowance since COVID hits. They open back the allowance for dinner and coffee only for teams that work from the client or in the office. For those WFH, no allowance even though they are working until late night.
+
+I felt like I am barely having a life. And potentially feeling in a depression mode right now. Look back at the past 2 years, I don’t know what have I done with my life and feel lost.
+
+Many times I asked myself if the auditors are having too much responsibility compared to their pay rate. 
+
+Apologise for the rant. But I do interesting to learn whom else may have similar experience to me. Please share your story.
+Hello,
+
+I stumbled across IBKR's "Integrated cash management features". Basically you can use your margin account like a debit card, if you swipe the card and you have cash you pay via cash, if you swipe the card and you don't have cash then they add it to your margin debt. I was interested so I have slowly been moving all of my taxable accounts over to IBKR, I've been playing around and like it so far, but was thinking of taking a more extreme setup.
+
+​
+
+How I imagine it will work:
+
+1) Set up credit cards, mortgage, bills, everything I would pay via my bank account thru IBKR
+
+2) I set up direct deposit to put all of my paycheck into IBKR
+
+3) Every payday, if I have excess cash, throw it into the equity market. If I'm in the negative, let it ride
+
+​
+
+I usually keep $20k cash, but this would allow me to have that $20k invested. I plan on average carrying -$5k balance on margin, at most -$10k, resulting in -$8 to -$16 interest per month at 2% (currently 1.6%). $20k would be put mostly into dividend stocks with a target yield of 3% to cover interest charges, most of my account is in dividend growth stocks regardless. I have \~$170k taxables which qualifies for portfolio margin, meaning lower rates and higher leverage. Even reg-t account would mean my account would need to drop from 170k->20k to get a $10k loan called.
+
+​
+
+Has anyone done something similar to this? What was your experience? Any general notes on portfolio margin accounts?
+Few points/questions. 
+
+I was just cruising mentor Monday and looking at the posts. Almost everyone is asking for pretty high level advice (which is probably in and off itself the problem) but I noticed almost all of them are left unanswered. 
+
+It’s more about career advice which we probably can’t give, given everyone’s unique situation and lack of detail. 
+
+This poised the question. Why do we even have that weekly post? I know it’s to minimize the “how do I get rich” posts but my perception is it just seems like a post trash can when nothing is being discussed. Again, much of which are just fluff surrounding the question of how to get rich. 
+
+Do we need more strict rules around having those questions? I understand the need for this sub to not get bogged down with those type of questions daily, but should we push them somewhere else? 
+
+Also, I mentioned it a while ago but do we all need to be more clear on how most of us got here? It’s almost unrealistic to not give the impression that we hit some sort of “lottery” (please don’t take that as luck without effort) whether it was become a high earner in the few fields that pay enough, sell businesses, inherit, or a few other circumstances. 
+
+I worry we subconsciously sell a pipe dream when the likelihood of people making it fat and dedicated their lives to it isn’t what most of us did[(which I posted about a while back)](https://www.reddit.com/r/fatFIRE/comments/pghk1x/opinion_most_people_that_fat_fire_didnt_plan_on_it/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) . The thought of some 20 something spending the next 20 years trying to become fat while missing out on a lot of life, breaks my heart. That last comment may get pushback but I want to remind everyone, people who do dedicated their lives to getting rich and doing it are the minority.
+ I have about 10k in my student account and would like to move this over to some kind of a savings account from which I can withdraw it on short notice. It would be my emergency fund. 
+
+Any recommendations for banking? I live in Ireland.
+We were able to get my wife and youngest son glasses, everyone a brand new pair of shoes, new clothes for upcoming reopening of school, A few good meals out, and even a brand new fridge! It went fast but was nice to get so much accomplished.
+This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics.
+
+**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements)
+
+* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements.
+
+## flair links
+
+Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile.
+
+[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot
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+
+# important links
+
+[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review)
+
+**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
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+
+*Daily discussion threads are created at 4:00 a.m. EDT*
+Wanting some opinions here…
+My wife and I currently have a private loan on our home (balance of $160k, value of $450k). My vehicle is paid off, hers has $15k left, but her credit wasn’t too hot when she purchased and her rate is about a 10%. Our private mortgage rate is a 5.75%. 
+I’m looking to get a second vehicle for about $70k. Should I pull $85k out of home equity to purchase a new car and pay off my wife’s? We would then own hers and my new one out right, and have a new loan balance of $254k on a $450k home.
+I’m curious how most people view mortgages. If you were 40 and bought a new home, would you do a 30 year?  
+
+We plan to retire at 55 so we won’t have a mortgage that goes over that.
+Hello everyone, I'll be going over a recent trade I made that revolves around a quantitative model. This is the kind of trading that people here mean when they say 'being a smaller trader is an edge in itself'. It is relatively low competition corner of the market, but is replicable and lends itself to empirical testing.
+
+**Math Foreknowledge**: I use the Merton Jump-Diffusion model to forecast option prices and if market prices under the same parameters are different, then I trade against it with the assumption that the models price is the correct price. In the jump diffusion model, the stock price follows the random process. The first two terms are familiar from the Black-Scholes model: drift rate, volatility , and random walk (Wiener process). The last term represents the jumps: x is the jump size as a multiple of stock price while y is the number of jump events that have occurred up to time n. q is assumed to follow the Poisson process, where r is the average number of jumps per unit time. The jump size may follow any distribution, but a common choice is a log-normal distribution v , where c  is the standard normal distribution, x is the average jump size, and o is the volatility of jump size. The three parameters  characterize the jump diffusion model.
+
+With that in mind,
+
+On April 19th at 12:30 PM, Apple's stock price traded at $166.13n Using the Merton Jump-Diffusion model, I estimated that the true value of the $170 Call was around $5.62
+
+​
+
+https://preview.redd.it/ruzu1e578iw81.png?width=341&format=png&auto=webp&s=ae38507f09a8f63afe96f3dc5ed10d2029c05d09
+
+As pictured below, the $170 call traded at a market price of $5.35, well below the projected value of the model. So, I bought it with the anticipation that it will rise to meet this forecasted price.
+
+https://preview.redd.it/otwnyke48iw81.png?width=758&format=png&auto=webp&s=71d48be9de80625f41f242d8f02be5de8e6d4029
+
+In line with expectations, the value of the call option increased to the forecasted value ($5.62) and I was able to book a profit.
+
+​
+
+https://preview.redd.it/ijca9ie28iw81.png?width=752&format=png&auto=webp&s=0daa1ab79ee59f67a0c11c6d0a36b02ca7ad53b6
+
+**Final thoughts**: If you're wondering why I use such a sophisticated strategy on Robinhood, its because that is all I need. Most strategies that are replicable by retail do not rely on absurd computational power. The mechanism of how the trade should work is all you need. It doesn't matter if you submit the order with a co-located server or on the toilet from your iPhone, as long as your trade mechanism is valuable.
+
+You also do not need this much money to trade a systematic strategy, but it helps. This generation of alpha can be found by stripping apart very public research papers on the models. There is a great paper on the model [here](http://www.columbia.edu/~sk75/MagSci02.pdf). But you really don't need to know all the intricacies of the model if you're not in math academia. I use [Options-Quant](https://options-quant.com) which is pre-made but secretly, I wouldn't know how to implement the model in code sufficiently regardless. But if you ARE programmatically inclined, you are fully able to implement any theoretical model in your language of choice.
+
+**TL;DR:** Used academic model to get 'true' option price, traded it, profit.
+The dentist's office confirmed they accepted my insurance over the phone. However, when I got there for my appointment and they did the preliminary mouth check, they told me I'd require a different kind of cleaning procedure which my insurance wouldn't cover and I'd have to pay out of pocket for it. I needed it done, so I agreed, got the cleaning, paid and left. 
+
+A few weeks later I got a call from their billing department telling me that I owed them some money for the visit. I told the lady I had already paid out of pocket. The lady checked the system, told me I was correct and we hung up.
+
+This got me thinking. I called my insurance to see if the dentist's office had filed a separate claim. They confirmed that a claim was indeed filed, and that they had paid the dentist part of the procedure fee. The dentist's billing dept was reaching out to me to collect the balance.
+
+My insurance provider has confirmed that this is fraud, which the dentist's office committed knowingly since the billing dept lady didn't mention to me that they had filed a claim. 
+
+I can just call the dentist and ask them to refund me the whole amount, or what ever they collected from my insurance, but I'm pissed that they did this, and want to see what other options I might have? It's not right that they're scamming people like this!
+
+
+**Edit**: Thank you guys. I was pretty upset after talking with my insurance today. But after going out for dinner and coming back to the responses here, I feel... more calm. I'm going to speak to my insurance and dentist tomorrow. My insurance's benefit summary says that cleanings are covered 100%. I'm going to talk to them and find out exactly how much I should have paid for the type of cleaning I got, and then call my dentist and speak to the dentist herself and explain the situation. I'll take it from there, and If they give me a hard time refunding my money, I'll threaten to report them to my state's insurance commission and dentistry board.
+
+**UPDATE**: Jesus Christ insurance is so damn convoluted. I spoke with both my insurance and the dentist's billing department today. I got the full bill from the dentist's office, and the claim they filed with my insurance. In summary, what I got done at the dentist was: 
+
+* A Full Mouth Debridement (FMD)- This is the 'deep' cleaning, and it is 50% covered by my ins.
+
+* Intraoral and panoramic X-rays (only one X-ray is covered 100% per 6 month period)
+
+* Comprehensive oral examination (100% covered)
+
+What I paid for out-of-pocket was additional stuff they had to do to perform the FMD, stuff which isn't covered by my insurance:
+
+* Irrigation per quad x2
+
+* Peridex
+
+* Orquix
+
+* Panoramic x-ray; The intraoral x-ray was the one covered 100%.
+
+The claim they filed with my insurance was for the comp exam, x-ray, and FMD, and they got the pay out for the portions that my insurance covered (the codes check out). And the rest I was responsible for out-of-pocket. 
+
+There's nothing I can argue here. Unless I can prove that the additional stuff they did to do the FMD, stuff that wasn't covered by my insurance, was not required. Perhaps some dentists can fill me in on that? Otherwise there is no refund.
+
+That being said, non of this was properly explained to me at the time of the visit; I walked out with the simple understanding that my insurance wouldn't cover the cleaning, which is partly true. Like some of the people who have worked, or are working, at a medical office here have said though, because of how different insurance plans and coverages are, the office won't know about the full break down until after the claim has been processed. After which I feel like they just mess around with the numbers until they get their max monies. And the reason I say this is because what they billed my insurance, and the charges I was told and what I paid for in my bill are different. My guess is that they see what the max the insurance will pay out, and then mess with the charges for the other items on the bill to get their total? This is all speculation of course. Regardless, it's so fucking confusing, and unnecessary IMO. But that's a whole other discussion.
+
+Thank you again guys. I got some great answers here, especially from the people who tried to explain how the whole billing aspect of this process works. I found those insights interesting. I was ready with my pitchfork... But it turns out that this whole (insurance) system we have to abide by is incredibly complex, making it difficult for patients to make sense of what they're being charged for.
+I started my renovation in the beginning of February. The contractor said they would need 45 days to complete the entire thing. It’s been 4 months, and I would say it’s close to 30% done. I follow up with him every week and ask for updates. And he always says “should have most of it completed in 2 weeks”. I’m a 4 hour drive away so I only go to check on it every month. We signed a contract and I’ve paid around 50% of the money already. Is there anything I can do? I already told him I’m planning to sell it end of June so it needs to be completed by then, and he says it’s not a problem but it doesn’t seem likely at this point. Is there anything I can do to speed things up? Or even terminate the contract? 
+
+He’s also extremely slow at responding. I’ve asked for pictures about 5 times already over the past month and he hasn’t sent any. 
+
+At this rate, I feel like it’ll take until 2023 at least.
+[Interesting article from Reuters](https://www.reuters.com/article/us-usa-shutdown-agriculture/u-s-shutdown-sends-grain-traders-farmers-hunting-for-data-idUSKCN1P51G3?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29) on the effect missing government data has on farmers and commodity traders.
+
+tl;dr: Delayed data reporting has led to uncertainty for farmers and commodity traders.
+I grew up in a trailer in a rural area, and was labeled trailer trash throughout my childhood. It always made me angry. And now I live in my own apartment all by myself. I pay my own bills. My place looks the way I want it to, and even though it’s a studio. It’s all mine. Younger me would be AMAZED. I feel like I’ve come so far. It’s been a lot of work. I just want to appreciate that I’ve made it this far.
+
+EDIT Update: Holy smokes! I didn’t expect so many people to read the post! I’m honestly so thankful for all of your support and responses. My heart is filled up. Thank you.
+Hi PF I need some advice. 
+
+I currently make 90k (in healthcare) and was offered a position for 85k at a competitor’s office. 
+
+Travel is similar, hours are slightly less because lunch is paid, could potentially start 4 10 hour days when a coworker comes back from maternity leave, and when I’ve been there for 3 months I’m eligible for full reimbursement of a doctorate program that will take place over the course of 18 months. My currently employer keeps offering larger and larger offers to try to get me to stay. I like my current job but there’s more room for growth at this new job for a promotion for a management role. 
+
+Am I making a good choice leaving for less pay but potentially more opportunity?
+
+EDIT: I’m going to have to work there for as long as I’m in the program, minimum 18 months but potentially much longer if real life gets in the way!! This doctorate most likely won’t give me a pay increase but will let me teach at a university one day. 
+
+Also I get healthcare through my spouse so I don’t have to worry about the cost of benefits changing anything.
+
+EDIT: Thank you to everyone who took the time to give advice and to ask thoughtful and honest questions. You guys are angels! 
+
+
+I now have a few more questions to ask about the final details. I looked back over my offer letter. It states that all new continuing Ed is paid in full, on top of also paying back a certain amount of my current 8 year old student loans each year, which was something I missed in my mad dash to this thread for advice lol. 
+
+My current job is great but I’m excited about this new company’s culture, willingness to invest in their employees, and what the future has in store. :) 
+
+In conclusion, thank you thank you for helping me!
+​
+
+[https://preview.redd.it/0c1wlapvver61.jpg?width=1629&format=pjpg&auto=webp&s=01743a9c62812e50660f8ae3629c6a3246a7e638](https://preview.redd.it/0c1wlapvver61.jpg?width=1629&format=pjpg&auto=webp&s=01743a9c62812e50660f8ae3629c6a3246a7e638)
+
+# HOLY SHIT!
+
+Dear Apes,
+
+I decided to do some homework today.  I know some of this is not new information but I contacted my broker and started asking questions.  This was the part I found shocking...(I'm removing the reps name so not to get them in trouble) and that I had no idea that I couldn't call back my shares or even have a vote in the proxies ....
+
+14:58 **TD**: \*I can remove your margin for you. That would allow you to have the ability to vote in the proxies.\*
+
+14:58 **Anonymous**:  I still would like to know the answer about switching over from margin to cash and if that would cause my shares to be recalled, if they are lent out short
+
+14:59 **TD**: *It will*
+
+14:59 **Anonymous**: wait are you saying I wouldn't have been able to vote in the proxies if I stayed on margin?
+
+14:59 **TD**: \*And you would then have the ability to vote the proxy.\*
+
+14:59 **Anonymous**: Wait wait go back, are you saying that if I stayed on margin, would I not been able to vote in the upcoming proxies?
+
+15:00 **TD**: \*If you stayed on margin you would not. Correct.\*
+
+15:01 **Anonymous**: interesting.  so you are saying all those people who are on margin accounts, they don't actually get to vote in the annual meetings?
+
+15:01 **TD**:  They would not have a vote if they were on a margin account.
+
+# Breakdown:
+
+**If you are on margin, not only are your shares able to be lent without your consent (Basically, you gave them consent when you signed up for margin) BUT that you can't recall your shares for the Annual meeting, nor will you have the right to vote in the proxies.  Also, people have been asking, I have a zero margin balance and extra cash sitting in the account and this was still the conversation.**
+
+​
+
+**I knew about the lending of shares but I didn't realize you can't even vote or recall your shares on margin.**  I'm sure most of you all didn't realize that part either.  I know some of you are annoyed I hadn't switched but I have a feeling I'm not the only one.  I know there was DD that told everyone to switch to cash, but I know I didn't.  I doubt that I'm the only Ape who didn't switch over to cash either because I thought I wouldn't be able to trade options.  Well guess what, I confirmed with them.  You can still buy options on cash only.
+
+# From this conversation, if your shares are sold short on your margin account....this would force your broker to actually call back the shares lent short.  If everyone was to call or message their brokers this week, and to switch to cash only, if your shares were lent out they would recalled.   You would also be allowed to vote in the upcoming Proxy vote.
+
+**At this point, if you are on Margin you don't have any rights as a GameStop shareholder and your shares are definitely being used as ammo against any long shareholder of GME.  I had no idea that I couldn't recall my own shares or even not have my vote counted on margin.......OH SHIT!**
+
+​
+
+I switched today.  Will you ensure your shares are yours for the upcoming vote?  All you have to do is call or message your broker to switch you over like I just did.
+
+​
+
+To anyone saying this isn't DD.  I called up and confirmed for Apes how the process works.  In an edit I will include every brokers number and directions on how to do it.  **If anyone has made the switch from margin to cash before, please help the community out by posting directions on how you did it and which broker!!**
+
+​
+
+====================================================================
+
+**Edit 1:**  Some people are saying to not make the switch until the meeting has been announced.  Personally, I already did it but you all do whatever you want.  **The main thing I want is for Apes to be aware of the power to call back shares lent short by our brokers is only done by switching to a cash account and that you will not have voting rights unless you make that switch.**
+
+**Edit 2:**  For those of you annoyed, because you all switched back in Jan, I'm sorry that I didn't do it.  I thought it was going to effect my ability to trade options and I have 2 brokerages that I was dealing with/switching over.  I'm pretty sure I'm not the only ape who didn't make the switch back then.  But we do have an opportunity to spread this message around and get every ape the ability to vote/recall their shares.
+
+**Edit 3:**  [**https://www.reddit.com/r/wallstreetbets/comments/l2n5wv/most\_of\_you\_are\_helping\_the\_gme\_shorts\_and\_you/**](https://www.reddit.com/r/wallstreetbets/comments/l2n5wv/most_of_you_are_helping_the_gme_shorts_and_you/)
+
+This was linked to me.  I never read it until now.  It only have like 5k upvotes at the time and I wasn't following WSBs as often after my ban for "Copying and pasting DD" on WSB during the run up.
+
+==============================================================================
+
+# How to Instructions gathered from you guys:
+
+# TD Ameritrade:
+
+[GodOfThunder39](https://www.reddit.com/user/GodOfThunder39/)[16 minutes ago](https://www.reddit.com/r/Superstonk/comments/mktkdj/holy_shit_you_must_read_this_actually_important/gthsuod/?utm_source=reddit&utm_medium=web2x&context=3)
+
+On TD Ameritrade...
+
+Click on My Profile->General at the top
+
+On the right side, it should say "Margin Trading None"
+
+If it says something else, then you should get it changed.
+
+[masterexec](https://www.reddit.com/user/masterexec/)[6 hours ago](https://www.reddit.com/r/Superstonk/comments/mktkdj/holy_shit_you_must_read_this_actually_important/gtic0zn/?utm_source=reddit&utm_medium=web2x&context=3)·*edited 5 hours ago*
+
+Well. I just got off the phone with TDA and was told in no uncertain terms that it made no difference whatsoever if you have a margin account or cash account, they **DO LEND OUR SHARES. PERIOD.** The only way you can prevent lending is to request physical certificates held in YOUR NAME, and was told that it can cost anywhere from $200-$700 depending on the company(stock). Then the issue becomes trading (selling) you will have to send them back to them to initiate a trade ( sale). I don’t know how this can be legal, but it was absolutely clear that is what they are doing. 100% clear they are lending shares.
+
+**Edit: if you are with TDA, you need to call to confirm yourself. I’m livid.**
+
+\------------------------------------------------------------------------------------------------------------------------------------------
+
+​
+
+# WeBull
+
+[NugQuest](https://www.reddit.com/user/NugQuest/)
+
+WeBull users remember: it will take approximately 6 business days on a best efforts basis to switch from margin account to cash account. During this time, you will **NOT** be able to trade or make a withdrawal.
+
+***Edit\* Add-On***
+
+You can turn off the lending program on WeBull though. Not sure if that helps or not but the more you know.
+
+**How to change from Margin to Cash WeBull:**
+
+1. Go to the Home page
+2. Click \[Account\] Tap
+3. Scroll down to find \[Change Account Type\]
+4. Submit your application
+
+*Please note: This function is supported on our mobile app only, not on desktop.*
+
+\-----------------------------------------------------------------------------------------------------------------------------------
+
+[You\_Still\_Reddit](https://www.reddit.com/user/You_Still_Reddit/)**💎🙌**
+
+On the app = Got to: Your account(middle button at bottom), click More, Account Details (scroll to bottom, “cash” or “margin” shown here), Change Account Type, then click “Exit Now” under “share lending program” and follow the prompts.
+
+Edit: [u/khashi1](https://www.reddit.com/u/khashi1/) steps for Webull, account status is also in this menu to see if you have a cash or margin account.
+
+[You\_Still\_Reddit](https://www.reddit.com/user/You_Still_Reddit/)**💎🙌**
+
+My Webull was also set to cash account so I thought I was good. **Turns out, they have a “share lending program” that you HAVE to opt out of. It automatically enrolls you when you setup the account.**
+
+​
+
+\-----------------------------------------------------------------------------------------------------------------------------------------
+
+# IBKR:
+
+[alias\_\_grace](https://www.reddit.com/user/alias__grace/)[3 hours ago](https://www.reddit.com/r/Superstonk/comments/mktkdj/holy_shit_you_must_read_this_actually_important/gtiqia2/?utm_source=reddit&utm_medium=web2x&context=3)
+
+If someone already posted this, please disregards and kindly give your karma to the first 🦍
+
+IBKR Web:
+
+Log in (duh) > Settings > Account Setting > Configuration (right side of screen) > Click the cog next to "Account Type: Margin" > Downgrade to Cash
+
+IBKR Mobile:
+
+Log in (again duh) > Account Management > Account Settings > Configuration (scroll down a bit) > Click on the cog next to "Account Type: Margin" > Downgrade to cash
+
+NB: You will need to settle any owed cash + any short positions (🙄ffs) if you have them as they are not allowed on Cash accounts.
+
+And boom 🚀
+
+Buy. Hodl. Moon.
+
+from [mpg111](https://www.reddit.com/user/mpg111) via [/r/Superstonk](https://www.reddit.com/r/Superstonk) sent just now
+
+Correction to IBKR: you don't have to convert to cash account, it should be enough to turn off participation in „Stock Yield Enhancement Program“ - there is a setting for that.
+
+​
+
+\-------------------------------------------------------------------------------------------------------------------------------------------
+
+# EToro:  Got a message that said that you all don't get to vote.  If that is true please DM me or comment letting me know.  Need to confirm.
+
+# 
+
+# [Wardvvhzn](https://www.reddit.com/user/Wardvvhzn):  I can't seem to send you a picture, but  got an answer in my email. This is what I received: "Please note, after reviewing in your inquiry below, with our team leaders, please note that we do not support the meeting, since you are not the actual owner of the stock"  So no one on eToro can actually vote
+
+\-------------------------------------------------------------------------------------------------------------------------------------------
+
+# Fidelity:
+
+[Born\_Departure\_8180](https://www.reddit.com/user/Born_Departure_8180)
+
+Fidelity - can’t switch to cash online need to call and switch did mine today and asked, you can only apply for margin online not switch from margin to cash.... they haven’t allowed that feature yet.  Hope those helps! GME TO THE MOON
+
+Also for those that don’t know, on fidelity easy way to tell if you are on margin account  If you see a white circle with a black “M” next to your quantity of stock, your shares are on MARGINCASH=NO “M” next to quantity
+
+\-------------------------------------------------------------------------------------------------------------------------------------------
+
+​
+
+# Robinhood:
+
+from [wuzzzat](https://www.reddit.com/user/wuzzzat) via [/r/Superstonk](https://www.reddit.com/r/Superstonk) sent 24 minutes ago
+
+Robinhood app, click the "person " icon on bottom right, then the 3 lines at top right. Choose "investing" at the top. Go all the way to the bottom and click "day trading options". You can downgrade to cash account there. I think that does it. Someone please confirm
+
+​
+
+ 1. alternative instructions for iphone
+
+by [u/ShowMeTheMoney7373](https://www.reddit.com/u/ShowMeTheMoney7373/)
+
+on iphones this is all i could find
+
+1. settings (top left 3 horizontal bars)
+2. help
+3. contact support
+4. trading
+5. description: (1.)(a) i would like to switch to a cash acct. (2) (must also add these 3 issues otherwise they will receive an email asking these same questions and it will take longer): (b) confirm that you have $0.00 in unsettled funds and no pending transactions (c) your feedback on why you no longer want robinhood instant (d) your understanding that you might not be able to re-upgrade to RH Instant at a later date.
+6. they will send an email confirming once it has been changed over to a cash acct
+
+2. android might additionally require disabling options
+
+by [u/ShowMeTheMoney7373](https://www.reddit.com/u/ShowMeTheMoney7373/)
+
+back to android phones. they also have to disable options trading as it is only available for instant and gold. to remove
+
+1. tap the person profile
+2. tap menu icon- 3 horizontal bars
+3. investing
+4. options trading
+5. remove options trading
+
+\----------------------------------------------------------------------------------------------------------------------------------------
+
+# E-Trade:
+
+from [dnatterSD](https://www.reddit.com/user/dnatterSD) via [/r/Superstonk](https://www.reddit.com/r/Superstonk) sent 15 minutes ago
+
+ETRADE UPDATE
+
+Just got off the phone with ETRADE support. These are as close to their words as I could recall.
+
+1. If you are on a margin account your shares **"may"** be lent out, but **"typically"** unless you using your margin they do not lend them.
+2. Even if your shares are lent out the **owner of record** "me" would still **have/maintain** the voting rights.
+3. In order to remove the margin from my account:a. **Must** have all trades settled. aka T+2b. **Must** "call" ETRADE support **800-387-2331** and request to have your margin removedc. The margin removal will take **1 business day** to remove and account will be unable
+
+Hope this helps.
+
+# 
+
+​
+
+​
+
+\--------------------------------------------------------------------------------------------------------------------------------------------
+
+​
+
+# Stake (hellostake) :  I've never heard of it but if someone can write it up that would be helpful
+
+​
+
+​
+
+\---------------------------------------------------------------------------------------------------------------------------------------------
+
+# Trading 212:
+
+from [Vimalathasan](https://www.reddit.com/user/Vimalathasan) via [/r/Superstonk](https://www.reddit.com/r/Superstonk) sent an hour ago
+
+So for Trading212 If you have a ISA account, it's against the UK law to lend out your share But in regards to voting They don't have the option set up yet and they don't have a timeframe as to when they will get it done so essentially if you have Trading212 you cannot vote.
+
+​
+
+​
+
+\----------------------------------------------------------------------------------------------------------------------------------------------
+
+​
+
+# Degiro:  Need information
+Folks who are always bearish, where on earth do you keep your money?
+
+I've doing this for a long time (since 90s) and certainly have seen rough stretches. In fact, I was a derivatives trader at RBC during the dot.com implosion.  But on a whole, I've never left the market and have been very well rewarded for it. Thoughout that time, there has been constant gloom and doom right in the face of objective evidence that the market always tends upwards due to technology, globalization and increasing market participation.  All my assets are split between investment properties and equities. In the two decades I've been investing, I was told every single year that I was going to lose it all.  I'm 46 now. Fully retired all thanks to the stock market and real estate market. I still trade, holding only 8 positions. The rental income from multiple properties is well north of what my family requires each year.
+
+Folks who are constantly saying the stock market and real estate market is going crash, where do you put your money while you're waiting for this to happen?
+
+Edit: didn't mean for this to come off snarky.  Investing is about the next best alternative.  What is the next best alternative for folks who think the capital markets or real estate markets are going to crash? Where has your money been sitting all these years?
+*Hey apes! 😊 Im getting a handful of comments that only really apply if you only read the title. If you care enough to comment please read the whole post first so you don’t assume this is about me trying to force him to do something, leaving just because we don’t agree on something, etc. That’s not what’s happening here. GME really just highlighted the incompatibility issues we already had. I do pretty much have all the advice I need though as I didn’t expect this getting quite as many views or comments. Really appreciate you all :).*
+
+And no it’s not just because he won’t buy the stock. To me it’s symbolic of not only a lack of not listening to anything I’ve told him over the past 5 months but also a total unwillingness to pick up the phone he’s already on quite often and read something about it. Like it just really gets under my skin in this way I can not describe. 
+
+And before anyone tells me I can’t make him do something he doesn’t want to do and don’t let this ruin my relationships and stuff.. it just feels like this is outlining a lot of differences between us and his lack of trust in what’s right in front of him. Meanwhile he believes anything he reads on Google and wants to eat out every other night and throw money at random shit. 
+
+Recently I’ve started asking why he won’t at least read up on it and so far he sort of just blows the question off all together and chalks it up to nothing more than a gamble. I get that but wouldn’t you at least consider something your SO is so passionate about?
+
+Edit: I’m probably just never going to bring it up again as someone suggested and take this as a sign of larger differences. Work on my exit plan.. for this relationship. 🥺
+
+2nd edit: Hey thanks to everyone for your responses. I am reading each one and I really appreciate the clarity. And to those of you who pointed out respecting him and his wishes not to be involved in it, I know you’re right on about that too. Like I said I think this just brought a couple other things to the surface that I think I already knew in my gut. Not sure why I ran to Reddit to talk about it other than to get some feedback (and I’m a little embarrassed for doing so tbh) but I do appreciate it all.
+
+Btw we live together but no conjoining of finances. Not that serious, about a year. I think I know what I need to do here - we each deserve more like minded partners probably. Thanks again.
+
+Last edit: You people never cease to amaze me with your kindness. Still reading all these. Thank you. Ape strong and I’ll seeya on the 🌝.
+When you wake up, the probability a significant move which requires your attention is going to take place in the next the next hour or so is very low. 
+
+
+Start your morning routine, do all the tits and bits you have to. Make some coffee or tea. And only then, check what happened on the markets the past couple of hours. 
+In any case, you're going to react less emotional than you would have had you checked your portfolio the moment you woke up. Ofcourse there is always a small chance you should have made a move an hour ago. But how many times would you have made bad-barely-half-awake decision? 
+
+Peace of mind doesn't have a price tag.
+
+*Thank you for coming to my ted talk*
+I'm about to pull the trigger on a £500k house. £120k down, £380k mortgage at around £1550 a month. Not gunna lie - I'm a bit nervous.
+
+Current mortgage is £500 and we're overpaying £1500 a month so I know I can afford it, but going from an optional £1500 to a base mortgage increase of a grand a month sounds a bit daunting!
+
+Curious as to what everyone else currently has. For reference, it will be 25% of our joint income, up from 8.5%. Expecting it to be our 'forever family home'.
+1) They can't pay back customers 
+
+
+This means they stole customers funds! 
+
+FTX isn't a fucking bank. They aren't supposed to have fractional reserves. They arn't allowed to lend out your assets. They are an Exchange. They are supposed to have all customers funds covered 1:1. Anything apart from this means they were committing fraud
+
+2) They inflated thier Balance sheets 
+
+This is simple enough. If 1) is true then it means FTX is insolvent. They can't pay back their creditors. Namely customers who they lied to that the funds were available 
+
+Alameda also inflated its Blc Sheet by increasing the value of its own assets. Thus pretending they are Solvent. A little company called ENRON did this too. They used this inflated Blc to get credit to gamble on crypto 
+
+3) They traded against their customers 
+
+They were using the data from FTX buy and Sell orders  plus your own money they took! To move the market against you. They used your own money to fuck you 
+
+
+FTX was going to collapse regardless
+are there strategies with 60% winning rates and risk reward 2% to 4%?
+
+​
+
+what type of strategies are they in forex?
+
+which indicator or pattern can do that?
+
+​
+I don’t have a network of friends with deep enough pockets for investing. I don’t have enough equity in my home to refinance and take out cash for investing. And so far have not had any luck finding an investor to assist. The area where I’m located is booming in rental cabins/homes for vacationers. Drawing 10 million visitors per year. Rentals go from $100-$500 per night based on size/bedrooms available. The demand is here and growing. I’m looking to take advantage of the demand for rentals. Any suggestions on where to pitch my ideas and plans? I have architectural drawings building plans, take offs for materials needed. And costs to build. I know what the costs will be and what the return on investments will be. Where’s the investors at?
+I currently want to do a DCA Plan and want to include additional coins to the ones I already have (BTC, ETH, ADA, MATIC, SOL, DOT, AVAX). Which of these alt coins would be worth investing in until the next halving? At least 5 - 8 of these ones:
+
+* Enjin (ENJ)
+* Cosmos (ATOM)
+* AAVE (AAVE)
+* Decentraland (MANA)
+* Algorand (ALGO)
+* Chainlink (LINK)
+* Near Protocol (NEAR)
+* Illuvium (ILV)
+* Immutable X (IMX)
+* Ultra (UOS)
+* Quant (QNT)
+* Gala (GALA)
+* Apecoin (APE)
+* Uniswap (UNI)
+* Tron (TRON)
+* Flow (FLOW)
+* Axie Infinity (AXS)
+* Optimism (OP)
+* Other
+It was 6 years ago when we met at work. We instantly connected through the personal financing and investment topics. He was very interested in what I was doing. Back then, I was in the middle of FIRE and already owned a few properties and negotiating my first big commercial contract. Since then, I helped him investing in two properties and we've always reviewed our portfolios together. He was 27 back then. In a few years of time, he amassed astonishing amount of wealth. Back then, he was still dating and going out and helping other people, doing what a 27 year old guy was doing. But during the last two years, he has changed. He stopped dating, completely changed his mind about wanting to having family, citing, "I don't want other people to spend my money". He didn't show up to his brother's going away trip and broke his mama's heart cuz he didn't want to spend money. Basically, he stopped doing things. We used to have lunch and chat about our life goals at least once a week. That vanished too.  
+
+I finally confronted him. "This is not living dude!!!". But he replied that the only thing gives him true joy is watching his number going up. I said in anger that he is gonna die alone with piles of cash he can't take. 
+
+We now stopped talking to each other completely. I know he can FIRE before he turns 40 for sure.  I am pretty sad to lose a friend because of FIRE tho. I am wondering if any of you have gone through some insanely obsessed phases or met someone who is like that... 
+
+//EDIT on 5/20
+Wow I sure did not expect to see so many different comments and views. 
+
+Most of us here are trying to get the ultimate prize : The freedom and the ability to control our own time. Which reminds me the easter egg hunt from Ready Player One. 
+
+The ultimate question is not about how and when we get that “Easter Egg”, but rather , what are you gonna do with it once you have it... 
+
+I can’t speak for anyone else here , hence, I do understand whatever my friend decides to do is his own choice. However, I know what I want. I want to be able to use my time and resources to make an impact, to do something good for others, so that I didn’t just merely existed ... 
+I am about to move from Poland where both are widely accepted and because of the more convenient online payment options MasterCard is considered to be the better option.
+
+For some reason though most Austrian banks tend to offer a Visa card. Is there something I should be aware of before making a choice in Austria (e.g. one of them being accepted less often)?
+By way of some background, I (35M, Sydney) didn't take my education, career, finances or future seriously as a youngster. I did terribly in the HSC and got a job in a call centre straight out of school where I felt stagnant and unfulfilled whilst earning $50k pa at the ceiling. I made the decision to change careers in my mid 20's and went to uni to study law (note: though I do highly advocate that it's never too late to make big changes to better your life, I personally wouldn't recommend law as a career option in hindsight - but that's another story). It's been a tough decade since then of mature age education, training, work experience, and sacrifices, but I've been working full time now as an in-house lawyer for about 4 years and my current salary is $140k-$175k pa (depending on profit share). 
+
+I guess that's some context to the purpose of my post. I currently have a super balance of $120k with AusSuper (invested in 100% international shares). I have $140k in a "HISA" which I've been saving for a property deposit, but I am increasingly moving away from the idea of home ownership towards more of a passive long term investment strategy. My plan is to keep a $40k emergency fund, and invest the remaining $100k in ETFs with a 70% VGS + 20% VAS + 10% VGE split. Online brokerage through SelfWealth, and I plan to purchase more ETFs in $5-10k blocks as I continue to save.
+
+I also have $5k in Spaceship (universe portfolio), which I don't plan to add to (set and forget, opened out of curiosity). 
+
+Not sure if it's obvious, but I (somewhat regretfully) only started educating myself about investments and financial independence over the past 6 months - though I have been saving for a while. This reddit community has definitely been hugely informative. 
+
+It would be great to get your views on the above approach, particularly with respect to portfolio diversification aspect. Also, how would you go about purchasing the initial $100k of ETFs - would you buy them all in one go, or spread out your purchase into periodic blocks (which I tend to think is the less risky approach).
+
+Many thanks
+I'm going to go ahead and be (at least it looks like) the first to admit I am closing out my positions in Baba and Tencent.
+
+1)Earlier in the week, I closed out my other China positions realizing that while China is a place where there are a lot of stocks passing my deep value screens, I was only creating more exposure to the same nasty risk.
+
+As a general investing practice, I buy on super-low multiples and sell when there is a regression to the mean.  It has worked for me, an idiot.  I am moving these operations into my Roth IRA to not pay taxes on the trades.  What I have lacked is super-compounders to hold for my taxable accounts.  I do have an appreciation for the beauty of wonderful businesses bought at a fair price.  I thought that Baba and Tencent could be that.  But still, no reason to hold the small companies.
+
+2) While I believe that the market's sell-offs of China starting last year might have been overly-pessimistic -- creating price points Munger wanted to buy in to, and ones I was able to get into at a lower cost basis (yay, I thought!) -- I actually do think that Thursday's drop was an example of the market being a good probability weighing mechanism.  This game of chicken with the U.S. and China over secondary sanctions has substantially increased the chance of losing 100% of the value of the shares, and so the price should go down.
+
+It just does not look like it is wise to treat this dip as a buying opportunity.  And that in itself is a bad sign, I believe.
+
+3) Even if we get through this crisis, I am reevaluating whether I'll be able to access the long-term growth of China.  History is littered with conflicts of a rising power clashing with the established power, and I can only think of one peaceful transfer -- the U.K. to the U.S.  But I feel that the circumstances there are very unique.  For one, there was a common language and many cultural affinities.  For another, the Brit weren't about to let the Germans take the chips.  So the very thing that lead me to want to hold large-cap Chinese companies -- 20, 30, 40 years of compounding -- does not seem reasonable.  And if there is a blind spot in what Munger's thinking, it is this.  Also, worth noting that he has no reasonable expectation at the moment of 40 more years of compounding, so it doesn't even have to be his horizon.
+
+And I want to be frank, I think it is more likely that the banning comes from the U.S. side as the political class keeps having temper tantrums rather than accept that they don't control the world anymore.
+
+4) Investing is comparative, and there plenty of other securities that seem reasonable right now.  Foot Locker and Facebook seem like good examples of market over-reactions, but ones that will provide the opportunity to check the balance sheets over time, rather than the risk of one day having their entire value set to zero because of a decision from either the U.S. or Chinese government.
+
+5) I need to be more selective.  I really did just copy Charlie Munger and placed 7% of my portfolio at risk within 2 days. (Edit: I bought in 2 days, so there was no averaging in.  I have held longer, to my pain).  I really was just being greedy and picturing myself making a big, concentrated bet like one of my financial heroes.  But, again, I'm actually an idiot.  I think I'm done trying to understand wonderful businesses at a fair price; this is what index funds are for.  And yeah, I have some of the vanguard international index, so I do have some Tencent and Alibaba exposure, but it is just cut with other positions and will be re-balanced for me.
+
+My Roth portfolio will continue to have deep value plays (along with oil and material hedging right now . . . fun), but I am out of this game.
+
+TL;DR.  I'm an idiot and can't really price the businesses.  But short term the chances of shares going to $0 have gone up.  Long-term, China and U.S. antagonism is near inevitable. Munger won't live for this, and rubs shoulders with elites the major U.S. institutions --so this might be a blind spot for him.
+Exactly what the title says. Looking for small cap companies, preferably less than $2B that I can check out. I want them to be profitable at least for the last few years.
+
+Shoot me some interesting companies that I can check out, thanks in advance.
+I invest into companies that I perceive as undervalued and at a cheap price.  When the stock price rises near my intrinsic value of the company, I sell at a profit.  Before I invest into a company, I research both the quantitative value of the business (as favored by Ben Graham) and qualitative (think Philip Fisher), although in the long-run, I favor quantity over quality.  
+
+I believe that the largest returns occur via small-cap companies.  Over my two years in investing, I have gained the most return from companies that are small-cap.  A company such as Apple will, under compounding laws, not double in a year.  That is why Berkshire Hathaway has not beat the S&P 500 in the previous few years.  I operate in companies that have a significant margin-of-safety to its’ price; so that if my thesis is correct, I stand to make money from it.  I use Finviz and Fidelity as my stock screeners mainly, although I will occasionally exploit free trials that screen special situations. 
+
+How do I value a stock?  Through two ways:  either enterprise value if the company is losing money; or, through free-cash-flow if the company is making money.  The Efficient Market Hypothesis is incorrect.  In the case of negative enterprise value companies, they can be bought at market value, with so much cash that they pay off debt, as well as the company’s price; and then still have money left over to operate the company. If the EMH was correct, there would be no such thing as a negative enterprise value.  With free-cash-flow, I look for companies that have little debt, share buybacks, as well as enough cash to withstand cyclical downturns. Price-to-earnings can be deceptive in most cases because it is how a company spends their cash that matters.  I have an issue with Discounted Cash Flows.  
+
+Companies that trade below its’ net-net I like a lot.  The company – especially small-cap ones – is ripe for the taking.  Once again, the EMH is incorrect in this regard. I also invest into  LEAPs.  The rate-of-return for an undervalued is higher when traded through LEAPs compared to shares, although the risk of loss is higher.  I also favor companies that are arbitrage in nature.  
+
+I follow modern value investing techniques when I concentrate my portfolio in five stocks.  Diversity is deceptive.  If one is confident with their investment and have done their work, one has a better chance of return in five stocks than diversifying into twenty stocks, for example.  Stress does not worry me a bit. 
+
+I do not worry about capital gains taxes; so I will sell if the stock rises upwards in a short period of time.  I prefer companies that are deep in both value and price.  In terms of price, I prefer companies that trade at least forty percent below its’ fifty-two week high. I show patience.  If a stock decreases in price, I continue to invest.  If I do my homework, the odds of decreasing on a permanent scale, decrease. 
+
+My ultimate goal is to give sound advice to potential investors that would like to invest in stocks.
+Looking down the road 10-20 years, where are y’all putting your faith? 
+
+Am I wrong to be freaked out by China re: TSM?
+
+And as a young lad who likes computers, INTC seems like it getting “pushed out” as compared to other companies. What am I missing?
+
+Love y’all - cheers for the guidance
+TLDR: We bought our first investment property and after running the numbers, I believe we would have done better putting our money in the stock market. 
+
+We bought the property based on hearing so many people talk about how incredible real estate is as an investment (Bigger Pockets, our realtor, and many wealthy older people). Now that all is said and done - we did our repairs and have renters in - I did a full projection of our property with some estimated (conservative) appreciation, all of the tax benefits, etc. In the end I think a conservative stock portfolio managed by a professional would do better over a 10-20 year period. I believe that our house will perform decently compared to other real estate investments, so this question isn’t about our house in particular, but really all real estate vs stock market decisions.
+
+I’ve talked to a few people who have invested in real estate about this, and they seem hung up on the real estate return figures. I can’t get them to realize that just because you’re not actively losing money doesn’t mean you’re not leaving money on the table. 
+
+At this point I’m pretty confident that I’ll put the rest of my savings with an investment firm, but I want to make sure I’m not missing some huge opportunity in real estate.
+Why is it that the common advice given to beginner investors is to buy S&P500 etf and hold, but in my anecdotal experience the estimated 8% return doesn’t actually happen? Based on the experience of multiple family friends who have been in the stock market for years on end they typically aren’t able to get 8% yearly. Note these are some of the smartest people I know.
+
+For those who have been in the stock market for a while: how long have you been investing and how much is your annual return % on avg?
+Hedge funds and short-ers have been scared to death of this simple line for MONTHS!! Let me just start off with a picture. It's worth many, many words, but you'll get the idea fairly quickly.
+
+https://preview.redd.it/nnw10bhe16j71.png?width=1125&format=png&auto=webp&s=ae1acc53f8f5a5e0e57f5b4e0ec875aa68ff25ee
+
+The big-fat golden/orange lines are the particular crayon scratches I'm talking about here. I have other crayon scratches, but these are the ones that I'll focus on here, again. I mentioned last week that we just peeked over the top. At that time, I was really hoping for some more upward movement, but hedgies decided another last-gasp attempt to short down.
+
+It didn't last. Two days. That's it.
+
+If you were watching the ticker today (like I was), you probably noticed MANY things were strange about today compared to previous days. Low, low, low volume. Price jumps and gaps (happens during low volume), and a significant LACK of buy/sell walls. As I watched it today, the price did whatever it wanted because the biggest wall posted (that I saw, while doing my day job) was 700 shares. That's not a wall, that's a speed bump. And none of those lasted more than an hour.
+
+That allowed the price to mosey up and down across that danger line multiple times. And finally, about 12:30 EST, it popped up over the danger line with a gap and a tiny bit of rocket fuel, and then stayed above the line the rest of the day.
+
+​
+
+https://preview.redd.it/sbrbt2nf26j71.png?width=1112&format=png&auto=webp&s=03bbdd5e6bea1ae3d8c415bd0f30e50903f9d348
+
+I'm not sure what happens above this line. We haven't been here since June, and we were only THERE for a few days at that time before getting hammered back down. My best guess from reading so much here is that this is where things get sketchy about margin calls and such.
+
+When I combine this with u/criand's [latest posts](https://www.reddit.com/r/Superstonk/comments/p37osl/are_futures_or_swaps_the_secret_sauce_to_price/?utm_source=share&utm_medium=web2x&context=3) about the expiry dates of "futures contracts" and other such information, my mind just about melts.
+
+(Borrowed from u/criand's post)
+
+[Any of those dates look familiar?!?](https://preview.redd.it/oxa8i1lp46j71.png?width=695&format=png&auto=webp&s=163bf4a0d8b9abfae6662331eec699bfcfbcd366)
+
+Now.... will it stay above the line tomorrow? Dunno. No one knows for sure. I hope so, but iBorrow still has about 500,000 shares less than they [usually have to borrow](https://gme.crazyawesomecompany.com/). Either they've been borrowed, or the lenders are no longer lending them.  Unfortunately, we can't see that. We have to just make educated guesses. And at this point that leaves me with only two guesses:
+
+1. The shorts were borrowed, they're paying interest to hold them another day or two so that they can use them as ammo.
+2. They simply no longer exist to lend, and HEDGEES R FUKT. They are out of time and ammo.
+
+Based on the big "last-minute" down-push today, I'd say that SOMEONE still has some ammo, and they were testing volatility and price movement with that down-push before close. The price MIGHT actually drop tomorrow, closing out red. But even if it does, I don't think the pressure will allow it to stay there for more than a day.
+
+Why?
+
+1. (See Criand's data above)
+2. T+xyz days. Another big T+ day is tomorrow. Some people say those are bunk, but when viewed in the light of the most recent DD, there are explanations on the 2-month gaps, but they can't do it forever, and the T+ is still "a thing". They just found creative ways to skip a couple with Futures purchases.
+3. Tuesday Morning. 😁😁😁 (couldn't resist)
+4. Volume is so low!! Any buy pressure at all is going to send this skyward. Again... see the posts about things expiring, and you can't help but think that this week is full of reasons for buy pressure in the next 3-5 trading days. The only reason for sell pressure at this point is muckery or fear.
+5. Moonjam ending being delayed... (there's still something up with that, I can just feel it).
+6. Thank you to  [**u/chechen84**](https://www.reddit.com/user/chechen84/) I had forgoten about tomorrow being T+2 for all the exercised options on Friday (and there were a ton that COULD have been exercised.)
+7. EDIT #3: I forgot about earnings report in 2 days, too!! Yeah, many sources of (possible) buying pressure coming up.
+
+The short version is this: powerful movers and shakers are scared shirtless of this line, as evidenced by how often, hard, and repeatedly they hammer the price down when it comes anywhere CLOSE to this number. I fully believe that the longer it stays over this line, the closer we are to the biggest financial explosion of our generation. I'm not happy about that. It scares me to death. But that's the reality of the hedge bet we're making, and I'm more convinced than ever that we're right.
+
+Buckle up, apes. This week just took a very interesting turn.
+
+👩‍🚀🚀👨‍🚀🚀👩‍🚀🚀👨‍🚀🚀👩‍🚀🚀👨‍🚀🚀👩‍🚀
+
+(I haven't done emojis for a while, so "emojis for the win")
+
+EDIT: Added Moonjam note.
+
+EDIT #2: Mods to thoughts and expectations based on  u/CriticalExplore's comment
+Finishing up my tax return with H&R Block and was absolutely blown away by one of the payment options. You can either 1) Pay with your credit/debit card or 2) Use your refund to pay...for a small additional fee of $39! This is robbery, right?
+
+Edit: Thank you for the awards kind Redditors! Hugs and kisses.
+[This is the post in question.](https://www.reddit.com/r/Superstonk/comments/vbuvrm/update_understanding_computershares_max_sell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+I think OP means well, but he should have looked into the matter more thoroughly before making a post. Sharing uncertainty isn't helpful.
+
+To keep this short and sweet, THERE IS NO HARD CAP ON WHAT AN ORDER THROUGH COMPUTERSHARE WILL FILL AT.
+
+Yes, the maximum *limit price* you can set for an order is ~$214k, and yes you can only set a combination of price and quantity in an order up to $9,999,999 total order value (limit price x quantity).
+
+What this DOES NOT mean is that you are restricted to $214k or $10mil as the price at which your sell order will fill.
+
+The restrictions through CS result from the old software that passes orders from CS to their executing brokers. From that point onward, the brokers are not restricted by the software. They will get you the NBBO when they execute your order. 
+
+You will not be "capped" at $214k or $10mil if there are bids available above those prices.
+
+Want to learn more about NBBO and order execution? [Read this post I made a while back. It should help clear up any misunderstanding.](https://www.reddit.com/r/Superstonk/comments/sr5a5h/navigating_moass_a_beginners_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+
+
+EDIT: people are raising some concerns about how market maker liquidity and the NBBO will (dys)function during MOASS. Those are complicated questions that need deep dives of their own and are outside the scope of this post. 
+
+Whatever happens to those things have nothing to do with Computershare or any shares held there. My intention with this post was to refute the claim that orders made through Computershare would be treated any differently than any other limit orders. 
+
+If you share the opinion of some of the people in the comments, that there will be no bids available during MOASS, then keep a handful of shares in a broker which allows for higher limit sell prices. And maybe consider doing some DD yourself and share it with the community. We're all rightfully skeptical of market makers and brokers, but "there won't be bids available" is a big claim that needs to be backed up by compelling evidence.
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+​
+
+[https:\/\/www.bloomberg.com\/news\/articles\/2022-05-04\/is-stock-market-rigged-bill-hwang-arrest-is-start-of-trading-crackdown ](https://preview.redd.it/iv4cew4yohx81.png?width=1023&format=png&auto=webp&s=5b728a4aa3ffa6c623b6f5e1455a2269184fd4c6)
+
+​
+
+"***All of Wall Street should pay close attention. The Hwang case marks an upswing of federal investigations into a slew of suspected trading abuses. Three other broad inquiries have emerged in recent months to examine so-called block trades, short sales, and well-timed wagers. They all center on the same question: Are markets rigged***"?
+
+​
+
+This article speaks to the shift of regulation/enforcement for Wall Street; particularly the aggression with which cases are pursued, as well as the expediting of these inquiries.
+
+In the case of Bill Hwang, what I find interesting is how he was apprehended on April 27, 2022. 48 hours prior, Hwang's legal team met with prosecutors, where they apparently thought they were talking their way out of criminal charges. On the day Hwang was taken into custody, his legal team thought they would be having further discussions with U.S. investigators, instead, prosecutors filed a sealed indictment for Hwang and CFO Patrick Halligan to take them into custody.
+
+​
+
+The article says that the current administration has apparently spent the better part of the last year essentially "laying the groundwork" for a more aggressive stance against white-collar crime, with a bevy of policy changes; some made public, some not.
+
+SEC Head of Enforcement Gurbir Grewal had this to say on the matter;
+
+• “*There's a perception that there are two sets of rules*”
+
+• “***We want everyday Americans to have confidence when they invest in the market. They should have confidence knowing that there's a dedicated group of professionals to deal with new threats, traditional frauds, making sure that their retirements are safe***”
+
+​
+
+When speaking about the 13-month case, Deputy Attorney General Lisa Monaco said “***This is exactly the kind of criminal case that the Department of Justice should prioritize***” .... “***And we will continue to do so".***
+
+​
+
+Liz Davis--Former CFTC Chief Trial Attorney and former DOJ Counsel to the Deputy Assistant Attorney General for Civil Matters--is quoted as saying “***Investigations are moving faster, subpoenas are being issued earlier, and there’s an increase in penalties***”.
+
+# EDIT: I failed to mention that if prosecuted, Hwang is looking at 11 felony counts, including racketeering, and the possibility of life in prison.
+
+​
+
+https://i.redd.it/9svjyskishx81.gif
+This has to be some of the stupidest FUD I’ve ever heard of. I thought it would be hard to top Tesla’s energy FUD when they are using child labor to mine lithium and ignoring so many aspects about the BTC energy debate, but here we are. So let’s recap this latest FUD. Some Russian hackers hacked Colonial Pipeline using ransomware and demanded 4.4 million in BTC. After Colonial paid them the hackers used a simple tumbler to tumble Bitcoin onto an exchange and the FBI was able to track the coins and seize the BTC. Essentially, the hackers were dumb enough to move the BTC onto an exchange that the FBI had access to and people think the FBI cracked the Bitcoin code or something. If you’re selling because of this you don’t deserve to be rich you deserve to be poor and to the hackers you really are idiots as well.
+https://www.theinformation.com/articles/uber-in-talks-to-lead-170-million-lime-investment-at-lower-valuation
+
+> Uber is in talks to lead a $170 million financing in scooter rental firm Lime, whose business has dropped sharply amid the coronavirus pandemic, executives at the startup told investors last week. The potential deal would value Lime on paper at $510 million, after the proposed cash infusion, a 79% drop from its previous valuation.
+> 
+> Uber already owns a minority stake in Lime, but the deal would significantly increase its share. As part of the proposed deal, Uber would transfer to Lime the bike and scooter business that the ride-hailing company purchased in 2018, called Jump. Uber would get the option to buy Lime between 2022 and 2024 at a specific price, and in the meantime Uber would feature Lime scooters more prominently in the Uber app.
+I hate my job (working 70+hour weeks, hate the work, am depressed, etc), and am planning on quitting at the beginning of 2019, after receiving my eoy bonus. I should have ~60-70k saved by then (which would be roughly 2 years of expenses in cash savings-could last longer through using lines of credit,etc). I also have no debt.
+
+I would want to look for a new job over the coming months, but it is too hard for me to do, considering I am currently working 70+hour weeks, and it could potentially put my eoy bonus in jepoardy if my employer finds out. I am also still looking at doing an educational program after leaving, and could always go back to school if things go very badly.
+
+My montly expenses are about $2500 (which could be flexed down a bit).
+
+I know the classic advice is never to leave a job without having a job, but I have thought this through quite thoroughly, and it seems very reasonable for me to leave, rather than stick to a job I hate and suffer a mental break or find another sub-par job and take it just because of the rule.
+
+
+* A whole room is reserved for Ethereum [tomorrow in the Chinese conference](https://steemit.com/china/@justinhsiao/global-blockchain-conference-chengdu-2017). It's not the case for Bitcoin (only a few talks about Bitcoin in the Blockchain stream).
+* New companies join the Enterprise Ethereum Alliance [before the end of June](https://np.reddit.com/r/ethtrader/comments/6h6hnl/list_of_positive_news_expected_in_the_next_days/diwb8pe).
+* [Hopefully](https://github.com/raiden-network/raiden/milestones) this summer: Raiden.
+* In September, a new version of Ethereum (Metropolis). It might slow down the issuance rate of ETH (before the next version stops it anyway).
+* In November, [DevCon 3](https://ethereumfoundation.org/devcon3).
+* Before the end of the year, the first official European investment fund in cryptocurrencies [launches](https://np.reddit.com/r/ethtrader/comments/6grhxe/at_the_end_of_the_year_the_first_official).
+* and at anytime: Launch of several D-Apps.
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+ Cut through the dross with a screener.   
+ 
+
+It is surprising how adding a few filters can dramatically reduce the number of shares a screener brings back.   Lets take a closer look 📷📷 
+
+ **1) The bare minimum** 
+
+I look for in a business is that it is profitable in accounting and cash terms and that it is not hamstrung by debt.  1. Net profit > £0: 428 matches 2. Free cash flow > £0: 398 matches 3. Net borrowings as a percentage of capital employed\* < 50%: 470 matches 
+
+ **2) Apply all of these ratios** **simultaneously** 
+
+and only 282 shares pass on the LSE.  
+
+Surprisingly on the LSE  
+
+\-30% of the companies in the more are making a loss ,  
+
+\-30% of them are making a loss on a cash basis, and 
+
+\-20% of them are mostly funded by outside money. 
+
+​
+
+ **3) Filter for Owner Managed Companies.**  
+
+ Why?  
+
+\-Have the same interests as shareholders. 
+
+\-Foster a long-term, innovative, culture 
+
+\-Are financially prudent 
+
+ **5) How? Easy.**   
+
+Filter by Dir Holdings %, this what percentage of the shares in a company are owned by directors at the same company.  Look for over 20% 
+
+ **6) Filter for Cash conversion.  Why?**  
+
+Investors like companies with strong cash flows because cash flow is less prone to accounting shenanigans than profit. 
+
+ **7) How?** Simple.   
+
+Best Ratio to measure this is CROCI  Cash return on capital invested (CROCI) is a formula for valuation that compares a company's cash return to its equity. CROCI gives analysts a cash flow-based metric for evaluating a company's earnings. 
+
+ I look for over 75% 
+
+ **8) Filter for Perpetual recruitment machines**.
+
+  Fundamentally, there is only one true competitive advantage: people. 
+
+ **9) Why?**  
+
+Founders retire, patents expire, and brands sometimes falter, but a company will adapt and prosper if it has good people, which is why, the authors claim, the most successful organisations over the long-term set themselves up as perpetual recruitment machines 
+
+ **10) How? With ease.**  
+
+ Filter on low staff turnover.   Companies which hire at low levels, and train staff up often out perform the market. 
+
+ **In summary,** put all these filters together and you will be surprised at how few **QUALITY** companies there are to choose from.  Give it a go. 
+
+ 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.
+Recent news has all been positive and there's about 4% profit margin at the moment.
+
+Sales growth is 'only' expected to be between 10% and 15% for FY22, far slower than in previous years: but that's with 7bn in sales. 200m cash reserves and far stronger business model compared to competitors like Boohoo.
+
+But the share price has been going down steadily over the past few years and even after great results during COVID, the price tumbled again.
+
+What am I missing here?
+I’m in a HCOL area of the US. 
+
+
+This is my target, I want a safe withdrawal number of maybe $30k/mo if I’m lucky (probably early 50s) or $25k (late 40s?) before tax. 
+
+
+For anyone who lives in a HCOL area of the United States, I’d be really curious to know what you think about this number. What kind of lifestyle do you live on it? Can you share any details? 
+
+
+Do you wish you aimed a little higher or wish you retired earlier?
+BEARISH (Negative) EXPOSURE TRS/ETRS: The Full Run-Down; Why The Market Is Most Definitely F**ked
+
+ I presume most of you have read u/Criands recent DD on how HFs could be hiding their shorts by using Total Return Swaps and how this might be the reason for the 3-month cycles we are seeing.
+Just in case here is the link for reference.
+https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
+
+Not an easy subject but after reading it 57 times my few brain cells managed at least to roughly understand what he was talking about hence I did some further digging to see how the “Swaps Basket” approach is used in practice and whether those quarterly spikes is all we get or what the critical element could be, you know - the catalyst, straw which breaks the camels back, banana up Kenny’s butt, rocket fuel etc 
+
+
+Beside other stuff I came across the post of a guy on another forum who apparently works in that industry of darkness  and deals with that Swap crap in his daily job (don’t know how you can do that for a living I’d rather count rusty nails the whole day...). So big credit goes to u/zyzzbrah21 for sharing his insights and being on the right side in this fight. Since it’s not possible to cross-post on Superstonk I decided to copy parts of it below as I think it really helps to understand how the Total Return Swaps DD works in practice and how this Ponzi scheme could take down a lot more institutions than just the Hedgies in the front line. Hope you fellow apes find it as fascinating as I do...
+
+TLDR: Hedgies r fcked as usual, but not only them...
+
+
+Let me preface by saying, my brain is incredibly smooth, but because I have all my FINRA licenses, this is financial advice (oops). Now I started off as a smooth brain retard in college with a mid 2.0s GPA and somehow by the stroke of luck (and lying on my resume, why? bc fuck their standards) I managed to get a role in Fixed Income Sales Trading at one of the Bulge Bracket Banks. (Very happy to verify this with the mods if they need me to).
+
+Over the last few weeks, I've started digging into a good amount of TRS/ETRS for both fixed income and equities at work and there is something that I uncovered that really painted a picture of just how fucked the world is because all these idiots that I work for and work with have gambled all of our money away over the last decade.
+(Now this has been talked about, but I want to dive a bit deeper on the dominos) Alas, I give you: The Bearish Exposure Total Return Swaps (Negative TRS). Now I'm not good with pictures and graphs.. like I said low 2s GPA. but try to stay with me.
+
+So I work in FICC sales in which we deal a lot with TRS on Fixed income securities such as Libor, SOFR, various, benchmarks, and Treasury Bonds. That is fairly simple:
+
+US 30Y Bond TRS:  
+Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example)  
+Counterparty A (Kenny) receives Total (positive) Return (or pays Total loss) on 1BN 30Y Bonds over a set period of time (months or years)
+
+Now as a TRS trader at an investment bank, it's fairly simple to hedge this position. You turn to your bond trader next to you and have him sell you 100BN 30y bonds that way if Kenny's position increases, you are ok because you actually own the asset as your hedge. No matter what, you are walking away with the 0.05% fee that you are getting paid to do this which is a great deal.
+
+The same applies to equity TRS (think ape, think):  
+Kenny pays 0.05% and receives TRS on any stock or basket of stocks he wants.... At least that's the proper way to do it.
+
+But these clowns couldn't stop there... now I present to you: Bearish Exposure TRS on GME (or a meme stock basket):  
+Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example)  
+Counterparty A (Kenny) receives Total Bearish (negative) Return (or pays Total positive gain) on 1BN Notional of our favorite stock over a set period of time (months or years).
+
+Now here lies the problem, how the f\*uck does an Equity TRS trader hedge this thing. OH, THAT'S RIGHT, YOU TURN THE CASH EQUITIES TRADER NEXT TO YOU AND SHORT THE STOCK.  
+\-in this case, if GME goes down and Kenny is owed tendies, you are covered because you shorted the stock and can now pay out the bearish return while still making the fixed rate that you receive from Kenny. That a win?? Right?? Wrong.
+
+This is when I realized that the music had stopped and swiftly proceeded to move my entire 401k, and useless company stock to GME on top of what I already had.
+
+The reason citadel and friends need to use these bearish exposures ETRS's is because there may literally be no other way he can get a borrow to short the stock. Also, many market makers find it quite profitable to do these TRS's because of course they make their 0.05% and their heads are so far up their own asses that they assume the house always wins..... until now.
+
+The dominoes start to fall...
+
+As the next gamma squeeze approaches and market makers slowly eat themselves alive without realizing it, the following will unfold:
+
+1. SHF's now have un-imaginable short exposure to a basket of stocks (specifically concentrated in GME) in both short positions, optionality and, negative exposure ETRS. (god help us all).
+
+2. As call buying drives GME into a gamma squeeze (while market makers hedge their short calls), the value of the stock market will likely decay along with any collateral that short hedge funds have posted against their shorts.
+
+3. Some crusty fat guy up in risk management will walk in and realize the end is near and now they all gather to prepare for the end.
+
+4. our beloved marge is called.. now here is where it gets wild.... what happens when you fail a margin call??? That's right, forced liquidation.
+
+5. By now we are already seeing numbers we couldn't even imagine. but it doesn't stop there...With SHF's gone.. there is this one little problem... WHAT HAPPENS TO ALL THOSE NEGATIVE ETRS SWAPS?? I'll tell you what.. They go, poof. And when a TRS counterparty that was supposed to pay you if a stock goes up goes poof, no one and I mean no one will be able to pay you that return that you were owed by Kenny since the stock soared to infinity.
+
+6. And that's when you realize it’s all over because you just shorted a billion notional of a stock that's up 10000% to hedge a position that doesn't exist anymore. I'll let your imaginations paint the rest of the picture.
+
+7. You (the TRS trader) piss yourself as the walls close in, your boss comes over and takes a piss on you, his boss comes over and does the same. you're all covered in piss as you walk outside, jobless, to a bunch of apes with fruit up their ass that took you for all the money in the world.
+
+Once again, my brain is pretty smooth so there is some retardation to this all, but hopefully, it's enough for some of you to understand the general idea of it all. This is only a piece of the puzzle but it's one that they have been trying to hide because it really paints a picture of how deep the rabbit hole goes. SHF's, Prime Brokers, Market-Makers, DTCC, & The Fed in that order are going to feel whats it's like for the House to finally lose and I can't wait to stand there with you all when they do.
+
+That money in the caymans is ours, the money at the investment banks? Ours. The money at the Fed, believe it or not... ours as well. It's time to reset the natural order of the world. GLTA.  
+
+💪💎💎⚡️⚡️
+If someone could please explain it in the simplest terms. Also how would one end stagflation. This question came about because I was reading about the economic challenges Jimmy Carter faced.  
+Norway is often cited when talking about the richest countries in the world (per capita) but Norway is a tiny country, and if you break down the US by states there were actually 5 states that had a higher gap per capita than Norway. They are, New York, Massachusetts, Washington, California and Connecticut. 
+Combined GDP of these states is over 6 trillion dollars, that’s over 12 times higher than Norway. 
+
+Kinda useless fact but I feel like it helps put things into prospectives, if you live in one of these states you are in one of the richest places in the world. 
+
+(Preempting remarks about inequalities in the US: check median salary in these states and compare it to other rich countries and you’ll find that the average person in these states is doing pretty well)
+If there was a theme for this week, perhaps it'd be gambling.  Gambling is all about taking risky actions to achieve a desired result.  I love to gamble.  The idea of Vegas, hitting up a poker room, the clink of chips, losing yourself as hours fade away.  Let's play some Kenny real quick:
+
+>You've got to know when to hold 'em  
+Know when to fold 'em  
+Know when to walk away  
+And know when to run  
+You never count your money  
+When you're sittin' at the table  
+There'll be time enough for countin'  
+When the dealin's done 
+
+Some of that applies to the market right?  But while gambling is a thrill, it's not the right way to play stocks.  It sure as all isn't what thetagang is about.  The true thetagang veterans (those stripes I haven't earned), look at my strategy and question it's consistency or potential.  They're probably right.  I gamble too much, I take chances, I play very aggressive options, I lose my share and plenty more all because the true theta game is too slow for me.  I know it.  Shame on me.  As Kenny would say, sometimes the boredom overtakes me.  And yet here we are, so for a taste of your upvotes, I'll give you some advice \[and yes, I listened to the song on repeat while writing this intro, RIP Kenny\].
+
+# DKNG: DraftKings
+
+I've been watching DKNG for quite a while now, but either didn't find an entry I wanted or liked a different play better.  I decided to gamble this week.  Going back to November, DKNG has been in a strong up trend.  You can easily draw a primary trend line from the low on 10/30/2020 to the low on 1/5/2021 and then extended.  You can draw a secondary trend that runs parallel, generally going from the first dip's bottom through the first retest of that parallel.  The secondary trend isn't perfect, but it's been tested 6 times now.  It broke once, with a close below the secondary, that break touched the primary the next day and rebounded hard, closing back above the secondary by end of day.  Did it again, though not as hard, in late March.
+
+I know, crayons right.  Well, I like the pattern, there's no guarantee it won't break down, but the support is real.  With the biggest market in the US approving gambling (NY State), there's a lot to be bullish about longer term.  Much of that is priced in short term, but I felt confident enough to enter.  If we break the secondary line, I'll possibly double my position at the primary support.  If we lose that level on a daily close, I'll likely exit at a loss.  Know when to fold 'em right?
+
+[DKNG: Trading the uptrend with a 5\/7 68p](https://preview.redd.it/dl3842p8ubs61.png?width=1522&format=png&auto=webp&s=aafaed12974d9aa0e28ba3620a4cbb460f2fa5e7)
+
+# One LIDAR to Rule Them All
+
+Velodyne is established, has revenue, but there's something that smells there.  Luminar has a lot of hype, strong marketing, and a lot of partnerships announced.   But their partnerships are vaporware at this point, and could evaporate.  I don't think they will, the point is more that they're not strong commitments, rather commitments to possibly commit in the future.  Still, I've played the LAZR chart and walked away with over $1000, so they're OK in my book.  And then there's Microvision.  Microvision seems to have class leading technology, they seem poised to bring that tech to the market sooner, for cheaper, and it may not be overselling it to say they have a multi-year lead in technology in a market that's about to explode.  The challenge is, from what I can tell they initially targeted the wrong market (consumer AR vs. automotive), they're valuated significantly less because they haven't had an automotive product, and well ... they seem a bit desperate.  Rather than growing a company (which I sense they're working towards now), they are developing class leading technology and very publicly hoping someone buys them.
+
+It'll probably work.  Front runner seems to be Google, which ties well into both AR and automotive plays (multiple MVIS board members with Google ties, possibly even a first look agreement).  Second place has to be Microsoft, especially following a massive $22 billion DoD contract which happens to leverage Microvision as a supplier for hololens.  Third probably goes to Apple, followed by Facebook, various automotive players, and a few odd balls.  There's a market.  It probably happens within the next year, but what's the price?  $4 billion?  $7? $10?  I'm not sure I can see higher than that, personally I'd guess in the $4-6 range.  Microvision is supposed to demo a working version of their new automotive tech in April to interested parties, we may hear about it in May, and if it's as good as advertised, this company that makes no money and is mostly an engineering think tank may just be drastically undervalued.  It's a gamble, an expensive one, with potential for a big payoff.
+
+MVIS has run up like crazy this year, you can see their uptrend below.  I played a CSP I felt was likely to get assigned with a BEP I was comfortable with ($13.45).  MVIS has a good amount of downside risk, should it crater and re-test down towards 7, I can double up to bring my BEP down further.  I'm fairly confident this will see 20 again this year, I'm currently of the mind to work towards building a decent position so I can ride any further upside.  
+
+[MVIS: Meteoric rise, accumulating shares 13.45 BEP via CSP](https://preview.redd.it/c08njtrsubs61.png?width=1520&format=png&auto=webp&s=9ed17b33565f650c08c63a3f98eee434f56a3a2c)
+
+# Will Meade me do it
+
+I follow Will on twitter.  He's accused of being a pump and dump mouth piece, a bit of a bear, with a mind towards unusual options activity.  I find him interesting, and a diversity of voices has value, so he crosses my feed from time to time.  I've actually never traded any of his tweets, until yesterday.  He tweeted:
+
+https://preview.redd.it/npmwms75vbs61.png?width=1198&format=png&auto=webp&s=cbf045f4b6507f75dd1778ddef2224414eb7b1c1
+
+I am ashamed to say I did about 5 minutes of Googling, I liked that they've cleared all their debt, I like that Ault invested, and I thought maybe?  I'm not sure why exactly I decided to jump in here, but I'm here so I may as well see where the ride goes.  Could exit as soon as Monday, or maybe I stick around, I really need to work backwards and do the research that should **precede** a trade.  When I look at the chart, all that jumps out is "downtrend."  Happy to get an education in the comments if anyone has thoughts.  This move was pure gambling, it's the type of trade where if I cut it out of my arsenal, I'd probably see more consistent returns.
+
+# WeBull Nuances
+
+Your typical cash secured put says "I'll buy 100 shares at some price if you give me so much premium."  Because it's cash secured, you set aside 100 x stock price less the premium.  So if it's a $10 stock and you got $1 of premium, then 100 x $10 means you need $1000, less the $100 premium, so $900 is held from your buying power to account for the position.
+
+I was looking at the $10p 1/22 IDEX contracts in WeBull, put onto it by u/tdking3523 last week, and here's what I saw:
+
+https://preview.redd.it/4y4azfshwbs61.png?width=780&format=png&auto=webp&s=cda0e561751ab8d5029251c0c0c1ab040d1d1a91
+
+[Buying Power used SHOULD be $270, what's going on here?](https://preview.redd.it/83oysmjnwbs61.png?width=780&format=png&auto=webp&s=4f38a7f877d562982bb53ccb8f0b8b25f3f7d024)
+
+Why was buying power equivalent to the amount of premium?  I actually contacted WeBull support, got a quick answer, but it skirted the question.  I was genuinely curious if it was a glitch or if they were running some type of risk profile, so I just bought a contract.  Turns out, follows the math exactly as it should, no idea why the UI's values are incorrect.
+
+If you believe in a bullish thesis for IDEX, and from all the downvotes last week I recognize many don't, this play doesn't look to be too bad.  For every $25 dollars of risk you get $75 of upside, you get a BEP around $2.5.  If I put that same $25 dollars into the stock, assuming it rose to $10, I'd have about $60 in upside for the underlying.  It's interesting, I don't often look at CSPs this far dated, so it captured my interest.  Still, I don't think I'll hold onto it.  If I wanted to increase my position, I'd lean towards buying more shares, selling covered calls on the IV here has been very lucrative.
+
+# Rounding Out The Week
+
+* **MSFT** \- I have a day job, and sometimes it happens where I can't manage positions quick enough.  That happened this week, MSFT rose so damn fast, I couldn't stay ahead of it.  My plan was to roll it again two weeks out to $252.5 at which point I probably would have held.  Instead, the options chain was a bit unfavorable given the rise, and no clear favorable roll presented.  If I get called away on 4/30, it'll have been a successful run that nets me \~$1800 for my patience, with about $1300 of that coming from options.  There is \~$300 in value from the CC not realized in my account value.  Though I should say, it's still possible as we draw closer that the options chain moves in a way where I decide to roll, will keep looking.
+* **AAPL** \- I had a 4/16 $129 CC set on my AAPL shares.  I paid $22 to buy that back early in the week, felt like AAPL was going to run.  Good call, it ran, and I was able to reset to a 4/30 $136 position for $203 in premium.  It very well could get called away there, which would see me up around $900 for the wheeling I've done on AAPL.
+* **SURF** \- I doubled my position here, still small at $3k, but they seem to have some positive results coming this weekend, and I like this stock as a long term hold (or until it's worth taking profits anyways).
+* **ATNF** \- This one has been running.  I've yelled at myself in the past for covering these shares, though previously it ended up not biting me.  I won't yell at myself this time, candidly it probably has made me money.  I likely would have cut and run once I doubled up, but the idea of buying back this call felt dirty, so I've let it ride, and the stocks just kept on going.  I'll be happy if I get out at $10, nearly a 125% return.  I'm actually looking to book profit sooner than later here, and will continue watching for a potential reentry later in the $6-7 range after a likely pull back.  All of that said, if this gamma squeezes this coming week and pops, forget what I said, I'll go back to yelling.  If it dips into open Monday, I might look into removing the call if it's reasonable.
+* **NLS, U, DGLY** \- Assignment next week!  Excited to get wheeling.  In the red on all of them right now, but feel there's a pretty good chance I'll turn profit on all of these.
+* **CRSR** \- Set and forget it.  May take profit from my CC sooner than later, May 21 is a ways away, and I'd rather be free of it by earnings (or at least at a higher price point).  See how it goes.  For the record, I am up overall on CRSR, a large $320.
+
+# Positions
+
+https://preview.redd.it/zrsf2ljrxbs61.png?width=785&format=png&auto=webp&s=9e326398f51e52b02f4214a99caa965b0063e626
+
+https://preview.redd.it/q6lykkovxbs61.png?width=782&format=png&auto=webp&s=4de94cd099785361c6ffc60f1d82a5fae4b86f38
+
+https://preview.redd.it/cxbs42vyxbs61.png?width=777&format=png&auto=webp&s=f636da0eac61e8adb75377cf4361858d15a0d250
+
+[Almost there AGI, almost there](https://preview.redd.it/ghdttaz4ybs61.png?width=782&format=png&auto=webp&s=2d7ecdd206a2244df37f0281f4d0336bde45ef55)
+
+# Goal
+
+Started at $139,000 on 1/1/2021. Goal is $200,000 by 12/31/2021. Currently $161,332.  
+
+I enjoy the conversation, I like to learn from you as well, hope to see you in the comments.
+
+[4/4](https://www.reddit.com/r/thetagang/comments/mj7490/playing_for_profit_week_of_44_idex_undervalued/) | [3/28](https://www.reddit.com/r/thetagang/comments/mecmjm/playing_for_profit_week_of_328_a_calm_exterior/) | [3/21](https://www.reddit.com/r/thetagang/comments/m95ht9/playing_for_profit_week_of_321_a_reset_week/) | [3/14](https://www.reddit.com/r/thetagang/comments/m452g9/playing_for_profit_week_of_314_10_gain_last_week/) | [3/7](https://www.reddit.com/r/thetagang/comments/lz19r9/playing_for_profit_week_of_37_time_to_book_a_loss/) | [2/28](https://www.reddit.com/r/thetagang/comments/ltsmfp/playing_for_profit_week_of_228_when_in_doubt_wear/) | [2/21](https://www.reddit.com/r/thetagang/comments/lo6mjd/playing_for_profit_week_of_221/)| [2/14](https://www.reddit.com/r/thetagang/comments/lizh45/playing_for_profit_week_of_214/) | [2/7](https://www.reddit.com/r/thetagang/comments/le7h4r/playing_for_profit_week_of_27/?utm_source=share&utm_medium=web2x&context=3)
+If there was a theme for this week, perhaps it'd be gambling.  Gambling is all about taking risky actions to achieve a desired result.  I love to gamble.  The idea of Vegas, hitting up a poker room, the clink of chips, losing yourself as hours fade away.  Let's play some Kenny real quick:
+
+>You've got to know when to hold 'em  
+Know when to fold 'em  
+Know when to walk away  
+And know when to run  
+You never count your money  
+When you're sittin' at the table  
+There'll be time enough for countin'  
+When the dealin's done 
+
+Some of that applies to the market right?  But while gambling is a thrill, it's not the right way to play stocks.  It sure as all isn't what thetagang is about.  The true thetagang veterans (those stripes I haven't earned), look at my strategy and question it's consistency or potential.  They're probably right.  I gamble too much, I take chances, I play very aggressive options, I lose my share and plenty more all because the true theta game is too slow for me.  I know it.  Shame on me.  As Kenny would say, sometimes the boredom overtakes me.  And yet here we are, so for a taste of your upvotes, I'll give you some advice \[and yes, I listened to the song on repeat while writing this intro, RIP Kenny\].
+
+# DKNG: DraftKings
+
+I've been watching DKNG for quite a while now, but either didn't find an entry I wanted or liked a different play better.  I decided to gamble this week.  Going back to November, DKNG has been in a strong up trend.  You can easily draw a primary trend line from the low on 10/30/2020 to the low on 1/5/2021 and then extended.  You can draw a secondary trend that runs parallel, generally going from the first dip's bottom through the first retest of that parallel.  The secondary trend isn't perfect, but it's been tested 6 times now.  It broke once, with a close below the secondary, that break touched the primary the next day and rebounded hard, closing back above the secondary by end of day.  Did it again, though not as hard, in late March.
+
+I know, crayons right.  Well, I like the pattern, there's no guarantee it won't break down, but the support is real.  With the biggest market in the US approving gambling (NY State), there's a lot to be bullish about longer term.  Much of that is priced in short term, but I felt confident enough to enter.  If we break the secondary line, I'll possibly double my position at the primary support.  If we lose that level on a daily close, I'll likely exit at a loss.  Know when to fold 'em right?
+
+[DKNG: Trading the uptrend with a 5\/7 68p](https://preview.redd.it/dl3842p8ubs61.png?width=1522&format=png&auto=webp&s=aafaed12974d9aa0e28ba3620a4cbb460f2fa5e7)
+
+# One LIDAR to Rule Them All
+
+Velodyne is established, has revenue, but there's something that smells there.  Luminar has a lot of hype, strong marketing, and a lot of partnerships announced.   But their partnerships are vaporware at this point, and could evaporate.  I don't think they will, the point is more that they're not strong commitments, rather commitments to possibly commit in the future.  Still, I've played the LAZR chart and walked away with over $1000, so they're OK in my book.  And then there's Microvision.  Microvision seems to have class leading technology, they seem poised to bring that tech to the market sooner, for cheaper, and it may not be overselling it to say they have a multi-year lead in technology in a market that's about to explode.  The challenge is, from what I can tell they initially targeted the wrong market (consumer AR vs. automotive), they're valuated significantly less because they haven't had an automotive product, and well ... they seem a bit desperate.  Rather than growing a company (which I sense they're working towards now), they are developing class leading technology and very publicly hoping someone buys them.
+
+It'll probably work.  Front runner seems to be Google, which ties well into both AR and automotive plays (multiple MVIS board members with Google ties, possibly even a first look agreement).  Second place has to be Microsoft, especially following a massive $22 billion DoD contract which happens to leverage Microvision as a supplier for hololens.  Third probably goes to Apple, followed by Facebook, various automotive players, and a few odd balls.  There's a market.  It probably happens within the next year, but what's the price?  $4 billion?  $7? $10?  I'm not sure I can see higher than that, personally I'd guess in the $4-6 range.  Microvision is supposed to demo a working version of their new automotive tech in April to interested parties, we may hear about it in May, and if it's as good as advertised, this company that makes no money and is mostly an engineering think tank may just be drastically undervalued.  It's a gamble, an expensive one, with potential for a big payoff.
+
+MVIS has run up like crazy this year, you can see their uptrend below.  I played a CSP I felt was likely to get assigned with a BEP I was comfortable with ($13.45).  MVIS has a good amount of downside risk, should it crater and re-test down towards 7, I can double up to bring my BEP down further.  I'm fairly confident this will see 20 again this year, I'm currently of the mind to work towards building a decent position so I can ride any further upside.  
+
+[MVIS: Meteoric rise, accumulating shares 13.45 BEP via CSP](https://preview.redd.it/c08njtrsubs61.png?width=1520&format=png&auto=webp&s=9ed17b33565f650c08c63a3f98eee434f56a3a2c)
+
+# Will Meade me do it
+
+I follow Will on twitter.  He's accused of being a pump and dump mouth piece, a bit of a bear, with a mind towards unusual options activity.  I find him interesting, and a diversity of voices has value, so he crosses my feed from time to time.  I've actually never traded any of his tweets, until yesterday.  He tweeted:
+
+https://preview.redd.it/npmwms75vbs61.png?width=1198&format=png&auto=webp&s=cbf045f4b6507f75dd1778ddef2224414eb7b1c1
+
+I am ashamed to say I did about 5 minutes of Googling, I liked that they've cleared all their debt, I like that Ault invested, and I thought maybe?  I'm not sure why exactly I decided to jump in here, but I'm here so I may as well see where the ride goes.  Could exit as soon as Monday, or maybe I stick around, I really need to work backwards and do the research that should **precede** a trade.  When I look at the chart, all that jumps out is "downtrend."  Happy to get an education in the comments if anyone has thoughts.  This move was pure gambling, it's the type of trade where if I cut it out of my arsenal, I'd probably see more consistent returns.
+
+# WeBull Nuances
+
+Your typical cash secured put says "I'll buy 100 shares at some price if you give me so much premium."  Because it's cash secured, you set aside 100 x stock price less the premium.  So if it's a $10 stock and you got $1 of premium, then 100 x $10 means you need $1000, less the $100 premium, so $900 is held from your buying power to account for the position.
+
+I was looking at the $10p 1/22 IDEX contracts in WeBull, put onto it by u/tdking3523 last week, and here's what I saw:
+
+https://preview.redd.it/4y4azfshwbs61.png?width=780&format=png&auto=webp&s=cda0e561751ab8d5029251c0c0c1ab040d1d1a91
+
+[Buying Power used SHOULD be $270, what's going on here?](https://preview.redd.it/83oysmjnwbs61.png?width=780&format=png&auto=webp&s=4f38a7f877d562982bb53ccb8f0b8b25f3f7d024)
+
+Why was buying power equivalent to the amount of premium?  I actually contacted WeBull support, got a quick answer, but it skirted the question.  I was genuinely curious if it was a glitch or if they were running some type of risk profile, so I just bought a contract.  Turns out, follows the math exactly as it should, no idea why the UI's values are incorrect.
+
+If you believe in a bullish thesis for IDEX, and from all the downvotes last week I recognize many don't, this play doesn't look to be too bad.  For every $25 dollars of risk you get $75 of upside, you get a BEP around $2.5.  If I put that same $25 dollars into the stock, assuming it rose to $10, I'd have about $60 in upside for the underlying.  It's interesting, I don't often look at CSPs this far dated, so it captured my interest.  Still, I don't think I'll hold onto it.  If I wanted to increase my position, I'd lean towards buying more shares, selling covered calls on the IV here has been very lucrative.
+
+# Rounding Out The Week
+
+* **MSFT** \- I have a day job, and sometimes it happens where I can't manage positions quick enough.  That happened this week, MSFT rose so damn fast, I couldn't stay ahead of it.  My plan was to roll it again two weeks out to $252.5 at which point I probably would have held.  Instead, the options chain was a bit unfavorable given the rise, and no clear favorable roll presented.  If I get called away on 4/30, it'll have been a successful run that nets me \~$1800 for my patience, with about $1300 of that coming from options.  There is \~$300 in value from the CC not realized in my account value.  Though I should say, it's still possible as we draw closer that the options chain moves in a way where I decide to roll, will keep looking.
+* **AAPL** \- I had a 4/16 $129 CC set on my AAPL shares.  I paid $22 to buy that back early in the week, felt like AAPL was going to run.  Good call, it ran, and I was able to reset to a 4/30 $136 position for $203 in premium.  It very well could get called away there, which would see me up around $900 for the wheeling I've done on AAPL.
+* **SURF** \- I doubled my position here, still small at $3k, but they seem to have some positive results coming this weekend, and I like this stock as a long term hold (or until it's worth taking profits anyways).
+* **ATNF** \- This one has been running.  I've yelled at myself in the past for covering these shares, though previously it ended up not biting me.  I won't yell at myself this time, candidly it probably has made me money.  I likely would have cut and run once I doubled up, but the idea of buying back this call felt dirty, so I've let it ride, and the stocks just kept on going.  I'll be happy if I get out at $10, nearly a 125% return.  I'm actually looking to book profit sooner than later here, and will continue watching for a potential reentry later in the $6-7 range after a likely pull back.  All of that said, if this gamma squeezes this coming week and pops, forget what I said, I'll go back to yelling.  If it dips into open Monday, I might look into removing the call if it's reasonable.
+* **NLS, U, DGLY** \- Assignment next week!  Excited to get wheeling.  In the red on all of them right now, but feel there's a pretty good chance I'll turn profit on all of these.
+* **CRSR** \- Set and forget it.  May take profit from my CC sooner than later, May 21 is a ways away, and I'd rather be free of it by earnings (or at least at a higher price point).  See how it goes.  For the record, I am up overall on CRSR, a large $320.
+
+# Positions
+
+https://preview.redd.it/zrsf2ljrxbs61.png?width=785&format=png&auto=webp&s=9e326398f51e52b02f4214a99caa965b0063e626
+
+https://preview.redd.it/q6lykkovxbs61.png?width=782&format=png&auto=webp&s=4de94cd099785361c6ffc60f1d82a5fae4b86f38
+
+https://preview.redd.it/cxbs42vyxbs61.png?width=777&format=png&auto=webp&s=f636da0eac61e8adb75377cf4361858d15a0d250
+
+[Almost there AGI, almost there](https://preview.redd.it/ghdttaz4ybs61.png?width=782&format=png&auto=webp&s=2d7ecdd206a2244df37f0281f4d0336bde45ef55)
+
+# Goal
+
+Started at $139,000 on 1/1/2021. Goal is $200,000 by 12/31/2021. Currently $161,332.  
+
+I enjoy the conversation, I like to learn from you as well, hope to see you in the comments.
+
+[4/4](https://www.reddit.com/r/thetagang/comments/mj7490/playing_for_profit_week_of_44_idex_undervalued/) | [3/28](https://www.reddit.com/r/thetagang/comments/mecmjm/playing_for_profit_week_of_328_a_calm_exterior/) | [3/21](https://www.reddit.com/r/thetagang/comments/m95ht9/playing_for_profit_week_of_321_a_reset_week/) | [3/14](https://www.reddit.com/r/thetagang/comments/m452g9/playing_for_profit_week_of_314_10_gain_last_week/) | [3/7](https://www.reddit.com/r/thetagang/comments/lz19r9/playing_for_profit_week_of_37_time_to_book_a_loss/) | [2/28](https://www.reddit.com/r/thetagang/comments/ltsmfp/playing_for_profit_week_of_228_when_in_doubt_wear/) | [2/21](https://www.reddit.com/r/thetagang/comments/lo6mjd/playing_for_profit_week_of_221/)| [2/14](https://www.reddit.com/r/thetagang/comments/lizh45/playing_for_profit_week_of_214/) | [2/7](https://www.reddit.com/r/thetagang/comments/le7h4r/playing_for_profit_week_of_27/?utm_source=share&utm_medium=web2x&context=3)
+At the beginning of the year, I decided to increase my positions in SPACs as I did OK in 2020. Also I decided to start a decent position in tech stocks following Jonah Lupton portfolio (not blaming him, I just fomoed and wanted to be part of it).
+
+All shares
+
+By the end of April I learned about options, but thanks God I joined this sub and not WSB 🙃
+
+This has been my progress YTD:
+
+[2021 YTD](https://preview.redd.it/shws107tejz71.png?width=793&format=png&auto=webp&s=7f137f54553e763e4ad45e22664fad921d5fe589)
+
+Thank you for helping!!
+As we are reminded about the ongoing Fed meeting and release of statement on wednesday, we invite you to join us in prayer to avoid drill team six from taking over the markets.
+
+Prayer expresses our dependence on JPow, a recognition that without him, we can do nothing. Everytime the Printer advances it does so to give us tendies. Because of this, at WSB, we seek to cultivate the value of prayer in all we do. We want to live and work retardedly, partner with those for whom tendies are a primary way that they serve themselves for living. Please join us in prayer....
+
+*Our heavenly Pumper*
+
+*JPow be thy name*
+
+*Thou printer turned on*
+
+*Thy pump be done*
+
+*On RH as it is in other brokerages*
+
+*Give us these tendies*
+
+*Our daily trades*
+
+*Forgive us our losses*
+
+*As we do not screenshot those*
+
+*And lead us not into destitution*
+
+*But deliver us fat stacks*
+
+*Amen*
+So in case you are not keeping up with Citadel's PR campaigns on Twitter...
+
+They just released a little Tweet about Trade Prices
+
+​
+
+[Source: https:\/\/twitter.com\/citsecurities\/status\/1496494163227037699](https://preview.redd.it/47vd3wimrlj81.png?width=655&format=png&auto=webp&s=11a7bbd2f09ca1f4d19851e85fd3d3fcf2af7a45)
+
+So I decided to whip out my Google Skills... and take a look at who Paul Hamill is...
+
+According to his Linkedin [https://www.linkedin.com/in/paul-hamill-a759904a/](https://www.linkedin.com/in/paul-hamill-a759904a/) before Citadel, he was at UBS. 
+
+And then I stumbled across this little article:
+
+​
+
+[Source: https:\/\/www.businessinsider.com.au\/thomas-benison-james-hill-athanassios-diplas-paul-hamill-andy-hubbard-oliver-frankel-2010-12](https://preview.redd.it/18eywv40slj81.png?width=1034&format=png&auto=webp&s=fcc8089edd5ec69fd584fd55c3ecdfcc3b98ac70)
+
+Which basically states that back in 2010... Kenny wanted to get a seat at the table of a decision-making committee that CONTROLS the exchange of derivatives...
+
+HMMMM....
+
+So apparently, the 9 bankers who sat on this committee wouldn't let Kenny join their club... so Kenny took revenge by doxxing them... (Not sure why that would be an issue... but apparently it was)
+
+​
+
+> The nine bankers just lost their privacy via the New York Times article. The article implies that they are Thomas J. Benison of JPMorgan, James J. Hill of Morgan Stanley, Athanassios Diplas of Deutsche Bank, Paul Hamill of UBS, Paul Mitrokostas of Barclays, Andy Hubbard of Credit Suisse, Oliver Frankel of Goldman Sachs, Ali Balali of Bank of America, and Biswarup Chatterjee of Citigroup. 
+
+Did you catch it?
+
+\>> Paul Hamill of UBS <<
+
+ 
+
+>Through the committee, the article says, the nine help make rules that essentially lock in their employers as middlemen who collect fees for matching buyers with sellers. If you, or one of the companies you pay to say, heat your house, is a buyer or a seller – those fees will be paid by you.   
+>  
+>Thus the bankers are at it again. Stealing from the little guy and building a moat around the castle so that no one can get in to change the system so that everyone benefits.
+
+​
+
+So Kenny was upset that he wasn't allowed to join this club... so he gets onto the NYTimes and gets them to run a story about how these guys are ripping off retail traders through the derivatives market and how he and BNY Mellon are the "HEROES" sticking up for the little guy...
+
+(Kenny's first SHILL CAMPAIGN?)
+
+​
+
+>Instead, in the article, Griffin and BNY Mellon are made to look like heros fighting for the little guy and getting squashed by the secret elite squad of super brokers.  
+
+​
+
+Can't make this shit up... lol...
+
+​
+
+>But remember that Griffin has been trying to build his own investment bank, Citadel Securities, for years now. Running a clearinghouse with CME would have been advantageous for his bank much like ICE is for the nine banks with representatives on its risk committee. Citadel Securities has since had [a lot of trouble getting a solid business going](http://www.businessinsider.com.au/ken-griffin-citadel-securities-layoffs-fixed-income-2010-10) — maybe the failed exchange is part of the reason. 
+
+​
+
+>The one entity that wouldn’t necessarily profit from the price transparency is the elite banking industry, says Griffin. 
+
+​
+
+>“It’s a stunning amount of money,” Mr. Griffin said. “The key players today in the derivatives market are very apprehensive about whether or not they will be winners or losers as we move towards more transparent, fairer markets, and since they’re not sure if they’ll be winners or losers, their basic instinct is to resist change.” 
+
+SOOO.... AT THE TIME... Citadel was struggling... they were about to face mass layoffs... Ken sees a "Stunning" amount of money being made by these insiders controlling the derivatives... but they won't let Ken join the club???
+
+This article is referencing a NY Times article, which I don't have a subscription for but you can check it out here if you do: [http://www.nytimes.com/2010/12/12/business/12advantage.html](http://www.nytimes.com/2010/12/12/business/12advantage.html)
+
+And there's a feature article on CNBC at the time too here:
+
+[https://www.cnbc.com/2010/12/12/a-secretive-banking-elite-rules-trading-in-derivatives.html](https://www.cnbc.com/2010/12/12/a-secretive-banking-elite-rules-trading-in-derivatives.html)
+
+(Gary Gensler was at the center of this all too!)
+
+​
+
+​
+
+4 YEARS LATER...
+
+Kenny seems to have gotten a seat at the table SOMEHOW...
+
+(Would be interesting to figure out how that happened!?)
+
+​
+
+Citadel Becomes a Market Maker... putting themselves at the CENTER of this "STUNNING" amount of money... after previously being one of the most outspoken defenders of the Dodd-Frank Act which prevented the form of Derivatives Trading he was now at the center of... and spending so much time sticking up for the little guy against the "secret elite squad of super brokers"
+
+​
+
+And to top it off... 
+
+He goes and hires Paul Hamill (1 of the insiders that wouldn't let him join the club)
+
+Source:  [https://www.tradersmagazine.com/departments/brokerage/paul-hamill-to-join-citadel-from-ubs-to-boost-swaps-trading/](https://www.tradersmagazine.com/departments/brokerage/paul-hamill-to-join-citadel-from-ubs-to-boost-swaps-trading/)
+
+Makes him the GLOBAL HEAD of FICC Distribution... 
+
+And when Citadel gets in some shit... (LIKE ALOT OF SHIT)  Forces him to go on Camera for his Twitter PR Campaign to explain to a bunch of Apes that Citadel is actually fair on Pricing...
+
+Wonder what leverage he has on Paul Hamill? 
+
+​
+
+https://preview.redd.it/0gedm266xlj81.png?width=400&format=png&auto=webp&s=13b86b3669e02a9e0fa4e963d6bee710b36453a6
+
+What a fucking world we live in.... lol.
+Okay. I commented on the RC interaction Tweet with Bill Pulte the other night. I said I worked directly with Bill at one point.
+
+I sent him a message on Twitter and got no response.
+
+Mustered up the courage to text him last night and HE FUCKING RESPONDED @ 1:15 this morning. 
+
+“Sure, when?”
+
+Then I see his Twitter post about GME!?
+
+Idk what to do. Mods can someone please reach out to me!!! I can make this AMA happen and lock it in.
+
+Edit: I can send proof to mods!!!
+
+Edit 2: Ive sent him a suggested bull thesis on GME and also the Jon Stewart AMA.
+
+Edit 3: BILL IS GOING OFF! 
+
+Edit 4: u/just-neighborhood-65 !!!!!!
+
+Edit 5: ^ that’s Bill Pulte!!
+
+Edit 6: MODS PLEASE GET IN TOUCH WITH HIM. HE CANT COMMENT BECAUSE OF KARMA!!
+
+Edit 7: Speaking with Bill, he wants to use his other Reddit handle u/RealPulte
+
+Mods can you approve that and have him tweet out that username to verify??
+
+Edit 8: thank you all for the awards. I’m an X share holder and always felt so small in this. If we can get some first hand insight on the BCG this could be huge! Glad I was able to connect some dots here. This isn’t about a stocks price, it’s bigger then that! Thank you so much to u/RealPulte , can’t wait to hear what you have to say! Let’s make this happen Mods!!
+I'm trying to get a handle on my finances and working out how to budget for holidays/festivals/weekends away/weddings (without putting them on the credit card / going into overdraft - my previous mode of living) and it's proving to be quite tricky. And the invitations just keep coming.
+
+How do you guys do it? Do you put a monthly sum into a holiday pot? How much do you try to save? Are you very strict about the number of commitments you make each year? 
+
+I'm very worried about entering the 30th birthday parties/ weddings and hen do/ post-covid socialising frenzy phase of life, just as I'm trying to get my finances together! But I also want to see people and do things as much as I can, as everyone does right now.
+So many people on here are just giving the absolute worst advice right now.
+
+The amount of times I've seen on threads where people call this a "dip", no, this is a crash. Bitcoin losing 20k in value over the past few weeks, and over 10k in over a day, is a **crash**
+
+People who say "buy the dip" on this subreddit are literally in it for themselves, they hope that people will see their hopium-titled thread and suddenly the market will go back to normal.
+
+That's not how it works. This subreddit does not control the market swings. Whales do. Financial institutions do. Early investors do.
+
+We have no influence over this. Please stop telling people "it's just a dip", it's not. This is a crash.
+
+How much more it will crash? 100% no one knows. But yes, this is insane price action right now.
+
+Yes, we're still up a lot since the middle of this year, but that doesn't make this less of a crash since the ATH.
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all).
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+throwaway account
+
+I am a marketing consultant for a private equity company in the US and as the company is growing, they are being pressured to convert me into a FTE. I oversee a marketing team and really enjoy the team. I am paid $15,000 a month for this work.
+
+Converting me to a FTE, I do not see my workload increasing at a rate different than it would if I stay on as a consultant. I believe in the longevity of the business and have deep trust with the executive team.
+
+On top of this, I have one other consulting client ($5,000 a month) and my own business ($60,000 a month revenue, $250,000 a year take-home). I've built my business to operate with minimal input from me and anticipate it growing by 5x over the next 3 years. While my margins will shrink, I can absolutely see myself pulling $1M a year from my business if things work out.
+
+Here's my income breakdown:
+
+**Private equity client:**
+
+* 20 hours a week
+* $15,000 a month
+
+**Other consulting client:**
+
+* 2 hours a week
+* $5,000 a month
+
+**My business:**
+
+* 10 hours a week
+* $63,000 a month revenue. I believe I can get to \~$90k/mo by the end of the year with \~10% increase in COGS
+* $15,000 a month take-home (I could take more but choose to keep it in the biz)
+
+​
+
+As I get into conversations about converting my role from consultant to FTE (and increasing work from 20 hours a week to maybe 25 ... which would happen over the next 2 quarters regardless of my employment status), I need to consider what my offer to the PE company is.
+
+I'm thinking:
+
+* $20,000 a month ($240k/year) salary
+* No healthcare benefits (I cover them and my team via my company)
+* I leave the other consulting client (I wouldn't mind the simplification in my life)
+* A percentage of the carry the firm invests in while I'm with them (maturing over time)
+
+This seems like a no-brainer deal for them. I'm brought to what I believe is under-market ($300k salary for PE CMO seems like middle of the market, but I'm not sure if that's correct), and I am aligned to company growth.
+
+I then keep my company growing as I have been growing it.
+
+My fear is that in a year or two, my company will be throwing off larger profits and I won't need/want the PE income (I have a young family and am the breadwinner). It feels disingenuous to structure a deal if I have a big meal ticket that's swelling.
+
+In the end, I know I can make a deal with the PE firm. I'm exactly who they need; I've built the team. It would be hard (though not impossible) to replace me.
+
+​
+
+**Importantly**: My income has increased pretty dramatically in the last year. I was at \~$200k income last year, $150k the year before, and $100k the year before. My savings is near-zero. I've been constantly investing in my business (so it can run without me). I intend to build my business to sell in 3-5 years (aiming for $5M purchase) and I am the sole owner of the business -- though I may not sell it if the profits are great. But "built to sell" is the intention.
+
+In order to FatFIRE, getting a percentage of the carry would guarantee me a great portfolio over the next 10 years. 
+
+My outcome goal is to not be over-worked with young kids in the house, to be paid what I'm worth (cash and backend), and to maintain the freedom to grow my own company. I have a $5M target in 12 years. I see a path to that much sooner if my business is successful, though this seems like a good "guaranteed" plan.
+
+​
+
+My questions:
+
+1. Where can I find comps for salary for the CMO role?
+2. Am I being foolish? Should I just punt the FTE convo for 6+ months and see what happens by EOY with my business?
+3. Who should I hire to help me make this decision?
+4. Where are my blind spots? What am I not considering?
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+My previous job had their 401k and everything at fidelity. Now at my new job they offer the option to rollover to Principal. I guess it’s nice but I still use Fidelity just to check on some stocks my grandpa bought me (for retirement since “she doesn’t seem to have the drive like her sister does” ) 
+
+Should I rollover or just keep it in fidelity? Like is there some advantage in keeping the 401k in fidelity vs rolling over?
+>Under fire over weak economic scenario, Modi government may be up for more criticism as a member of PM Modi’s Economic Advisory Council (PMEAC) has said that India may be nearing a structural slowdown. The economy may soon get caught in the ‘middle income trap’ just like Brazil and South Africa, Rathin Roy told TV news channel NDTV.
+
+>India’s growth story which has been mainly driven by consumption and not exports since 1991 has finally began to stagnate, he added. The 100 million consumers fuelling the consumption have now started to level, he noted. Such a phenomenon is described as middle-income trap in the economy parlance.
+
+>Earlier in the week, the monthly report for March 2019 published by the Finance Ministry had also highlighted that same concern. Fall in private consumption, muted rise in fixed investment and sluggish exports have led to slowdown in the economy, the report had said.
+
+>On being asked about India’s growth rate, Rathin Roy, also the Director of National Institute of Public Finance and Policy, said India is the fastest growing economy in the world currently because China is growing as fast.
+
+>Even as India is growing at 6.1 to 6.6 per cent, the slowdown in consumption may put that under threat, he noted. In the next 5 to 6 years, India will grow at 5 to 6 per cent on-year, but a time will come when it may come to a standstill, he added.
+
+>On being asked if he was able to raise the matter with the central government, Rathin Roy said that the issue has been raised at various public platforms by him consistently.
+
+Source : https://www.google.co.in/amp/s/www.financialexpress.com/economy/india-may-soon-get-caught-in-middle-income-trap-join-brazil-south-africa-modis-economic-advisor-warns/1573666/lite/
+
+
+
+
+I think this prolonged demand slowdown can spell Doom for an internal consumption driven economy like ours.
+
+What are your views on this?
+Synopsis:-
+
+Data show that more often than not, swinging against the tide might yield subpar returns. Historical returns on the momentum Index have generally exceeded those of the broader markets.
+
+https://m.economictimes.com/markets/stocks/news/nifty-200-momentum-beats-nifty-strategy-indices-on-returns-chart/articleshow/82076231.cms
+Hi, I'm an undergraduate rising sophomore and I'm interested in doing research as a career. I've read online that private sector/public sector research internships as well as research with professors is important. However, the only economics knowledge I have are my intro micro and macro classes. I have no previous experience with any kind of research or relevant work experience. How can I set myself up for a sophomore summer internship with this kind of minimal experience? Any wisdom is appreciated!
+The inflation fears are real. But I’ve seen some puzzling stuff out there. Don’t people need to be able to afford higher prices for them to keep going up? I could understand if there was a problem with supply; perhaps it could be from something that was totally beyond policy, but it makes sense that if you pay people more and more to not work, you’ll see supply falter. Something like infrastructure or action on the climate or Single payer healthcare or subsidized college doesn’t seem like it’ll reduce supply though in general. But even then, if things get too pricey because of supply chain issues, people won’t be able to afford higher prices and inflation doesn’t seem like it could continue unless wages increased. Absent supply shocks, some inflation seems fine. 
+
+But isn’t it better, within some limit, for people to be able to afford stuff with the money they receive than to not? It just seems like most solutions that the government has to end inflation entail making it so people can’t afford certain things, no?
+I'm not entirely sure what I am asking here, but I just realised that digital goods - say buying a song on itunes - have infinite supply. I did some economics in school and remember that the supply and demand curves are about discovering price. Where supply and demand meet you get your price, right? Well how does that work with infinite supply?
+**THE RICO case has never looked more clear in my eyes...**
+
+Some people are defending Susquenhenna's low cash positions - let me tell you something... $6,000 cash for a giant investment firm aint right. If it doesn't look right, or smell right... it probably aint right...
+
+**P.S This post is focused on reported cash - not account receivables, for all we know they could all owe each other money...**
+
+[This is not right \^ Do they have $1.3bn in securities borrowed? IN ASSETS](https://preview.redd.it/f39ajs8kvkl81.png?width=850&format=png&auto=webp&s=7534122301a1f0541de401855f3c8d6a39d8e1d6)
+
+**Then $1.2bn in securities borrow - or sold short. Listed in Assets -**
+
+Sourcy source: [https://sec.report/Document/0000881182-22-000001/](https://sec.report/Document/0000881182-22-000001/)
+
+Lets look at Jane Street... Jane Street is another big market maker...
+
+[Jane Street has $12.2 million](https://preview.redd.it/ars6bwl4wkl81.png?width=877&format=png&auto=webp&s=12f37e2ec838aa1e0eef05c78688dedfed80a1cf)
+
+**The Jane St is not reported in thousands... why is this? I did say they have $12bn in some other comments but upon further review have discovered Jane St does not report in thousands and they have $12.2Million cash.**
+
+**((speculative bonus bullet: Jane ST is reporting this way to appear bigger... its an odd way to report and someone going over this stuff quick would think they had $12bn in cash like I did in some lost comments out there) its manipulative in my opinion... ))**
+
+sourcy source: [https://sec.report/Document/0001572095-22-000002/](https://sec.report/Document/0001572095-22-000002/)
+
+**Virtu....**
+
+[Virtu has $661million in Cash](https://preview.redd.it/1ez2672rwkl81.png?width=872&format=png&auto=webp&s=05ab092582353f75cf0036621cb8acdcc4c388ef)
+
+**AGAIN, SECURITIES BORROWED - $1.3BN - AND ITS IN THE ASSETS...**
+
+sourcy source: [https://sec.report/Document/0001457716-22-000005/](https://sec.report/Document/0001457716-22-000005/)
+
+**Citadel...**
+
+[Ken has $546million in cash...](https://preview.redd.it/1cyr7hm1xkl81.png?width=893&format=png&auto=webp&s=ff4217b23a61793a41fb5d34bfb518f8204ef879)
+
+**Ken sold short $73bn and as we know he is negative $65bn or more at cost - when he actually tries to buy the GME he will go bankrupt almost immediately imho... the only thing keeping Ken alive is selling more synthetics every day -**
+
+​
+
+[The market makers control 99% of the trades... ](https://preview.redd.it/pghnrywgxkl81.png?width=871&format=png&auto=webp&s=f51f08d014a88a23d5cb896deb7dcd478e8c8ec8)
+
+Everyone has the same chart as schwab -
+
+[https:\/\/us.etrade.com\/l\/quarterly-order-routing-report](https://preview.redd.it/m7ny4do90ll81.png?width=861&format=png&auto=webp&s=3deb84b8ce70b13e8c68e5d1e5c41345e6ddd3e2)
+
+**No seriously, they all use the same report... its like it came from one super computer algo... its like here... heres your free money... we use your assets in our super computer...**
+
+​
+
+[https:\/\/cdn.robinhood.com\/assets\/robinhood\/legal\/RHS%20SEC%20Rule%20606%20and%20607%20Disclosure%20Q1%202021.pdf](https://preview.redd.it/s9esfgni0ll81.png?width=855&format=png&auto=webp&s=7458042cd7c964e03b3fee345c065bdf96c633ef)
+
+I do think Citadel runs the main algo... the participants all help the algo use them to move funds around and swindle retial- this is speculative but come on... same formatting on all the reports?
+
+This is SEC rule 606... oh yeh the SEC knows all about it... lol... fuckers...
+
+[https://www.sec.gov/tm/faq-rule-606-regulation-nms](https://www.sec.gov/tm/faq-rule-606-regulation-nms)
+
+[https://content.schwab.com/drupal\_dependencies/psr/606/2021-Q4-Schwab-Quarterly-Report.pdf](https://content.schwab.com/drupal_dependencies/psr/606/2021-Q4-Schwab-Quarterly-Report.pdf)
+
+[Major Index's are down 7-13.5% YTD... ](https://preview.redd.it/cigghm2zxkl81.png?width=1015&format=png&auto=webp&s=bf82507e087a0b69e594a9d80e919f9001f45432)
+
+Once the markets start to tank next week these market makers are going to have to sell. SUS can't even pay staff with the cash on hand... they literally have to sell to keep the lights on.
+
+[The FED is about to start unloading this... ](https://preview.redd.it/k2vbdlt5ykl81.png?width=717&format=png&auto=webp&s=f9b09a82ea48336ea2630ab3075c81605ce3f0c1)
+
+The FED has already started to shrink its Balance Sheet - [https://www.reddit.com/r/Superstonk/comments/t6q3x6/the\_new\_fed\_numbers\_released\_on\_march\_2nd\_show/](https://www.reddit.com/r/Superstonk/comments/t6q3x6/the_new_fed_numbers_released_on_march_2nd_show/)
+
+**TL:DR: The Major Market Makers are the case for RICO... I would not be surprised if they one day discover the super computer... works on all of those market makers - to siphon money from retail to those "mostly" private co's... It seems that now the Gravy train has run out... that the market can't go any higher... I think that this crash is going to be really really big... they know this and thats why they have tried so long to suppress it. The situation the markets are in is very scary and if I didn't have GME DRS I wouldn't know what to do... thanks for listening to my talk...  NOT FA**
+
+**They all owe Billions in securities sold - its a giant scam about to collapse - market Makers are reporting their short sold securities as assets - wtf - Virtu for $1.3bn, ken has $73bn sold short and SUS has $1.2bn in securities sold short - they are listing these as assets -**
+
+**They have no where near enough Cash to cover the securities they sold short and the market is about to go in to a wild free fall - these firms are toast....(remember they have long positions also)**
+
+**The one thing people always say is... "but those market makers are properly hedged" bitch please... Ken is negative $72.5bills... its a fugazi...**
+Now that the FANG stocks have dropped everyone is looking to buy on the dip.  These FANG stocks are very large and have a history of success.  But if history is a guide many of them may underperform for decades going forward.
+
+Remember INTEL, IBM, and CSCO?  They were not the high-flying no-earnings [dot.com](https://dot.com) companies everyone remembers crashing in the 2000-2003 period.  Instead, they were hugely successful companies that boomed in the 1980s and 1990s.  Lots of revenue and profits.
+
+But they crashed in the early 2000s and never really came back as strong. **THEY ARE STILL AROUND** but have moved into tier two.  An investment in these companies in 2000 will still give you a return significantly below a total stock market fund.
+
+Will Facebook, PayPal, Amazon, and Microsoft going forward follow the lead of CSCO, IBM, and Intel?
+Unlike many of you, I talk freely about FIRE with my peers because of my age (25M). Most people in their 20s have never heard about FIRE, so I like introducing them to a concept that can change their life. Older people simply write me off as an eccentric millennial, but I still like talking to them about it to see their response.
+
+Before I would tell people FIRE is about living frugally and having a savings rate over 50%, but that's where I'd lose them. I read somewhere that most people quit when it comes to fractions and percents (in the USA), so maybe that's why.
+
+I was listening to a podcast on my way home and somewhere in it the guy talks about another guy who decided early on that he would live off every other paycheck. I liked that phrase very much because it's succinct, easy to say, and doesn't mention numbers. I love it and simply wanted to share.
+The title basically covers it. M22 just started a job in London. 25k a year, rent is 660 a month excluding bills. Employer contributes 11% even if I contribute nothing. I'm currently contributing 4% but wondering if it would be silly to drop this down to 0% for the first few months while I'm adjusting to my salary and London prices. I know 4% isn't a lot in the grand scheme but the £84 it's worth could come in handy. What do you think?
+Came across this interesting article wanted to share. 
+
+https://www.biznews.com/thought-leaders/2020/12/16/retire-at-55-and-live-to-80-work-till-youre-65-and-die-at-67-startling-new-data-shows-how-work-pounds-older-bodies
+
+Edit: fixed link.
+So over at r/abrathatfits. We a while back I asked them about where I could find bra sizes that wasn't +45 bucks per bra. And they sent me over to https://lingerieoutletstore.co.uk/
+
+I've ordered three times from them and the bras are great good quality and they hold up, my last order I got 5 bras for around 70 bucks.
+
+They do take a very long time to get to the US but they are worth waiting for at that price. (I do suggest playing a little more for the shipping. Cause that last order took a little over a month)
+For a while it felt like I'd never be safe again. Today I'm 19 with a place all to myself, food in my belly, and hope in my heart. It took a lot of doing to get here. Two jobs, days of searching for somewhere I could afford, trying to find places to stay so I could keep off the streets... 
+I'm proud of how far I've come.
+
+
+Things may seem impossible now, but you'll get through it.
+The other [thread](https://www.reddit.com/r/fatFIRE/comments/ph9kfx/whats_a_luxury_that_you_just_dont_understand/) about luxuries people don't understand got me thinking. Someone asked "if you don't want luxury what are you doing in this sub?" I thought it was an interesting question. 
+
+There seem to be two different types of posters here (and a mix of tweeners): those that want fatfire for the luxurious lifestyle and those that qualify because the amount of money they need to live a comfortable upper middle class lifestyle without working brings their "number" into the fatfire range (let's say 6mm+) due to living in a VHCOL area (NY, SF).
+
+Our situation is that we would want a minimum of 6mm to live comfortably in the NYC area given real estate costs, tax rates, childcare costs, etc. We could move of course but the sacrifice of uprooting our entire social lives and family connections is not worth it. We would rather work for 5 more years and retire here than do so immediately in a cheaper location.
+
+I wonder what percentage of this sub falls into either camp, ignoring the aspirational/role-play types. Anyway just wanted to call out there is a big subset of us who aren't here for the luxury (not that there is anything wrong with enjoying luxurious things and experiences).
+This is a highly rated company in the area. Those are the major categories, management fee = 8% monthly rent, a month rent to fill vacancy, 10% service fee on any repair, including the big ones that involves insurance claims, and late fees go to them. My question is 10% service fee sounds unreasonable, isn’t the monthly management fee what I’m paying them to manage those repairs? And the late fees go to them seems odd.
+What is happening to this monster of a ETF. I have had 100% returns this year, but it seems to be tanking over the past month or so. Obviously the underlying assets are failing, therefore the fund is tanking, but this seems a little excessive when we are in an asset bubble. Thoughts?
+What is happening to this monster of a ETF. I have had 100% returns this year, but it seems to be tanking over the past month or so. Obviously the underlying assets are failing, therefore the fund is tanking, but this seems a little excessive when we are in an asset bubble. Thoughts?
+I made this simple site for myself as I found it hard to see all the fees involved in buying a home. Also used it to practice my web development skills. Thought I'd share if it helps anyone else. I researched a lot to give as best estimates as possible, but at worst it will give the viewer a good idea of what costs to think about.
+
+You can change values, expand/collapse/tick/untick sections, click items to view description. It will auto calculate. Defaults are provided to give people a head start.
+
+[http://www.knowyourfees.com.au](http://www.knowyourfees.com.au/)
+
+Cheers and all the best to fellow aspiring home buyers.
+
+*Please note, as explained on the site, the first version of the website has a couple items suited to QLD legislation (if you click the item a description will appear telling you this), but you can simply change the values to your own. I think it's a great tool for people in all states to get a general idea of what costs they need to think about. Thanks*
+My husband and I started using a financial planner for the first time in August 2021. He currently has my Ira with nearly all of my retirement, an investment account that’s a chunk of our savings and an IRA for my husband. We know we are small fish in his big pond as what we have invested in total is under $500k but he took us on, we know him and trust him and know others who recommend him. 
+I also know the market over the last year has gradually gotten worse. So is it reasonable that since August our accounts have lost 14-16% in total? Hard to stomach paying the fee for professional management and just have more come out when you’re already lower than you were going in. 
+My husband thinks it’s his fault and that he’s not being smart with our money because we aren’t as rich as other clients. I think it’s just the market and am trying to be patient, hoping he’s taking advantage of prices on stocks that will go back up when the market turns. Based on the account activity, it’s not like our accounts are sitting untouched, we see movement into different things.
+A couple months ago I posted that I was [saving 50% of my $70k income](https://www.reddit.com/r/FinancialPlanning/comments/bd4i8a/i_make_70k_in_the_nynj_area_and_save_half_my/) and I shared my budget. But now that income is gone. I got let go from a struggling company. This was 6 weeks after coming out of jaw surgery and my wife telling me that she was pregnant with our first child. I wrote about it all [here](https://biglittlewallet.com/march-2019-spending-the-layoff/).
+
+It's been quite a learning experience, to say the least. Soon enough I want to write a guide on how to survive a layoff. Most of all I'm realizing how thankful I am to have picked up a few personal finance books, to have found financial forums and blogs, and to have saved like crazy while times were good. 
+
+It's hard for me to imagine what my situation would have become if I hadn't already paid off my student loans. Or if I hadn't stashed 6 months of expenses. Or invested a lot. It would've put a lot of strain on my marriage. It might've forced us to move out of our apartment. I would've had to scramble to take the first job I could find since I have a kid on the way. My life could be falling apart. I'm not exaggerating.
+
+Instead it's been a pretty soft landing. My marriage is still strong. I'm still in my apartment. I've picked up freelance work and I'm in no rush to find the next full-time gig. Life is still good.
+
+I don't share any of this to brag. I offer it as a reference point for the readers of this sub. If you're a lurker, or just getting interested in personal finance, or putting off being "responsible" with money: **take everything you learn here seriously and put it into practice right now**. Get out of debt. Build an emergency fund. Learn to consistently spend less than you earn. Start young. I am begging you. There is likely nothing else you can do with your time that will change your life as dramatically as getting your financial shit together. If you don't know where to start, I created a free, no B.S. [email course](https://biglittlewallet.com/saving-bootcamp/) on how to save and become financially free. Maybe you'll find it helpful. Maybe you won't. Wherever you get your financial advice: *act*.
+
+Worst case scenarios just don't seem like they can happen to you. Until they do. Layoffs were happening all around me and I thought I was immune. I thought I was too smart and too talented. I was wrong.
+
+But I was prepared. Be prepared.
+A couple months ago I posted that I was [saving 50% of my $70k income](https://www.reddit.com/r/FinancialPlanning/comments/bd4i8a/i_make_70k_in_the_nynj_area_and_save_half_my/) and I shared my budget. But now that income is gone. I got let go from a struggling company. This was 6 weeks after coming out of jaw surgery and my wife telling me that she was pregnant with our first child. I wrote about it all [here](https://biglittlewallet.com/march-2019-spending-the-layoff/).
+
+It's been quite a learning experience, to say the least. Soon enough I want to write a guide on how to survive a layoff. Most of all I'm realizing how thankful I am to have picked up a few personal finance books, to have found financial forums and blogs, and to have saved like crazy while times were good. 
+
+It's hard for me to imagine what my situation would have become if I hadn't already paid off my student loans. Or if I hadn't stashed 6 months of expenses. Or invested a lot. It would've put a lot of strain on my marriage. It might've forced us to move out of our apartment. I would've had to scramble to take the first job I could find since I have a kid on the way. My life could be falling apart. I'm not exaggerating.
+
+Instead it's been a pretty soft landing. My marriage is still strong. I'm still in my apartment. I've picked up freelance work and I'm in no rush to find the next full-time gig. Life is still good.
+
+I don't share any of this to brag. I offer it as a reference point for the readers of this sub. If you're a lurker, or just getting interested in personal finance, or putting off being "responsible" with money: **take everything you learn here seriously and put it into practice right now**. Get out of debt. Build an emergency fund. Learn to consistently spend less than you earn. Start young. I am begging you. There is likely nothing else you can do with your time that will change your life as dramatically as getting your financial shit together. If you don't know where to start, I created a free, no B.S. [email course](https://biglittlewallet.com/saving-bootcamp/) on how to save and become financially free. Maybe you'll find it helpful. Maybe you won't. Wherever you get your financial advice: *act*.
+
+Worst case scenarios just don't seem like they can happen to you. Until they do. Layoffs were happening all around me and I thought I was immune. I thought I was too smart and too talented. I was wrong.
+
+But I was prepared. Be prepared.
+Hello,
+
+​
+
+Is there anyone who algo trades on platforms like QC or others and making a decent percentage every month? You do not need to beat SPY or earn million dollars. 
+
+​
+
+Just looking for some success motivational stories that is real?
+
+​
+
+Thank you
+The US budget deficit isn’t only smaller than in 2021 or 2020, it is also far smaller than in 2019. And this is in dollar terms, if we talk as a percentage of gdp it is actually significantly smaller ! I feel like this should be celebrated regardless of your political leaning
+*First, I want to bring attention to something.*
+
+# The SEC just passed all 4 new rule PROPOSALS totaling 1,656 pages that would be considered as the next major market restructuring since Regulation NMS in 2005 if passed.
+
+**List of the 4 Proposed Rule Changes/Introductions**
+
+​
+
+1. **Disclosure of Order Execution Information:** [https://www.sec.gov/rules/proposed/2022/34-96493.pdf](https://www.sec.gov/rules/proposed/2022/34-96493.pdf)
+2. **Regulation NMS: Minimum Pricing Increments, Access Fees, and Transparency of Better Priced Orders:** [https://www.sec.gov/rules/proposed/2022/34-96494.pdf](https://www.sec.gov/rules/proposed/2022/34-96494.pdf)
+3. **Order Competition Rule:** [https://www.sec.gov/rules/proposed/2022/34-96495.pdf](https://www.sec.gov/rules/proposed/2022/34-96495.pdf)
+4. **Regulation Best Execution:** [https://www.sec.gov/rules/proposed/2022/34-96496.pdf](https://www.sec.gov/rules/proposed/2022/34-96496.pdf)
+
+The SEC have been working on working on these rules since approximately April of 2021.
+
+# The GameStop run-up/sneeze was an event unlike anything anyone could have predicted or anticipated.
+
+[Section 4. Conclusions  - Page 43 - https:\/\/www.sec.gov\/files\/staff-report-equity-options-market-struction-conditions-early-2021.pdf ](https://preview.redd.it/ybxexhbij66a1.png?width=1071&format=png&auto=webp&s=c5f59e3cae88610fc8d3ca74bf20600ade4aca0e)
+
+It pulled back the curtain on the markets and gave the public a peek at how the gears turn. It showed how unstable, unfair, opaque, and exploitable they are.
+
+Don't believe me? Read the GameStop report published by the SEC yourself: [https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)
+
+​
+
+[ Section 4. Conclusions  - Page 43 - https:\/\/www.sec.gov\/files\/staff-report-equity-options-market-struction-conditions-early-2021.pdf ](https://preview.redd.it/c1mov9bkh66a1.png?width=1199&format=png&auto=webp&s=18f3d6687d100125b2b6baa331656120db7e2302)
+
+This ushered in a new set of proposed rule changes. Ones that if passed, barring no loopholes/backdoors/workaround exist, have the potential to bring forth large scale changes.
+
+# Education Should be Encouraged Surrounding These Rule Changes
+
+There are a lot of pages, they are difficult to understand, and visibility by the public is not usually very high. Individual Investors around the world need the help each other to **digest, share, educate, inform, track, and recommend changes** to these rules.
+
+This is a large moment in the history of our markets. Which is why I certainly believe every effort you can spare to offer support in whatever way you may be able to (large or small) would be hugely beneficial, not only for yourself, but also for your family, your friends, your colleagues, and everyone around you in the effort to provide a better, more transparent, more informative, and safer market to participate in.
+
+# This is a Waste of Time. It Will Always Be Broken
+
+Yes, I agree. The sheer size and amount of complications that exist in the markets will mean that it would be nearly impossible to ensure they function in a perfect manner ever.
+
+But these rules will make the participation in these markets better for the individuals participating in while waiting for true full scale change to come. (The tech exists today to run automated efficient, and fair markets already, but I won't get into that). This is about improving on what we are utilizing right now.
+
+# What Can I Do?
+
+Another incredible thing the event surrounding GameStop brought forth was Dave Lauer's (/u/dlauer) We The Investors Advocacy Group of Individual Investors for Individual Investors.
+
+There is a new advocacy letter - **Sec Letter #02:Securities Lending, Direct Registration and Settlement/Clearing** \- [https://www.urvin.finance/advocacy/we-the-investors-sign-on-letter-2](https://www.urvin.finance/advocacy/we-the-investors-sign-on-letter-2)
+
+This letter goes into detail and raises concerns surrounding many transparency issues, unfair practices, and advocates for more control for individuals over their investments.
+
+**If you can spare the time, please read over the letter and try to understand and then educate and share these changes to help increase the chances of similar change in these areas as the 4 rules that were voted on this week.**
+
+`--------------------------------------------------------------------------`
+
+# Enough About the Markets Already! What about DRS?
+
+As I talked about above, the changes brought forth due to the events that unfolded in GME in Jan 2021 are considered the largest changes to the market since 2005 if approved.
+
+Something else transpired from those events. That was, and is the spreading of education on the existence of the Direct Registration System, or, DRS. DRS has existed far before Jan 2021, but the knowledge of it's existence or use cases was not widely known before.
+
+Again, similar to the "few could have anticipated" Jan 2021 events, no one anticipated a large influx of individuals would also come to understand the function of DRS and what it can do for their personal shareholder rights. The fact that it removes the ability for a broker to make money off you by lending your shares out for a fee. Or the ability to directly vote at shareholder meetings on company proposals was not understood by many.
+
+That new understanding has caused individuals to flock to directly registering their shares and as more education on the topic spreads, more will see those benefits and choose to do so. Especially as the process to DRS continues to become easier to initiate.
+
+**Want to learn more?**
+
+[**https://www.drsgme.org/why-register-shares**](https://www.drsgme.org/why-register-shares)
+
+**Or Want a Guide for your Exact Broker?**
+
+[**https://www.drsgme.org/register-from-broker**](https://www.drsgme.org/register-from-broker)
+
+# What is so "Big" about DRS?
+
+Never before in history has a large group of individuals pulled their shares out of the DTC and registered them in their own names. This isn't something anyone would have ever expected or anticipated to happen and the markets are not prepared to handle them.
+
+With the rise in the ability to discuss issues and educate each other so easily through the internet and social media, and the awareness GameStop brought to the markets by individuals, something was uncovered. **That was DRS.**
+
+The recent Q3 release as of October 29th, 2022 officially had 71.8M shares directly registered through Computershare. ([https://investor.gamestop.com/node/19946/html](https://investor.gamestop.com/node/19946/html))
+
+This number keeps climbing and with the current way things function, once this number reaches a threshold, there may be another event that again showcases some very extreme issues with our markets.
+
+I am not going to attempt to predict anything. I just want to raise attention to the fact that this really is something **truly unprecedented** at a scale much larger than an influx of retail just buying GameStop in January.
+
+Keep in mind, this 71.8M DRSed shares out of 304M shares total is only what individuals went out of their way to register. That does not include shares held in brokerage cash accounts, IRA, TFSA's, 401ks, and other various broker platforms around the globe.
+
+**Share Ownership Breakdown**
+
+[https:\/\/www.computershared.net\/ ](https://preview.redd.it/8b3yb1r0q66a1.png?width=687&format=png&auto=webp&s=2f71b25e2699c8dd30406ca908b34fdf086f0136)
+
+# In Conclusion
+
+**Rule Changes**
+
+I urge you to try to familiarize yourselves with these new rules in any way you can, as well as to discuss and debate the content of each set of rules in order to bring up proper solutions to the attention of the SEC through the comment phase next year.
+
+**Give The Individuals a Voice**
+
+I also think it would be very beneficial to support the We The Investors movements to fight for changes in our markets. It is a completely non-profit advocacy group and it really is one of the first to gain so much attention and support from individual investors, giving the little guy a word for once. It has already has a positive effect and landed meetings with Gary Gensler to have our voices heard.
+
+*I do not intend to phrase that as a call to action, please feel free to do your own research and due-diligence on We The Investors before blindly following what I say.*
+
+**Educate Others on The Benefits of DRS**
+
+The Direct Registration System provides a "safe haven" for an individuals investments. It removes the ability for market participants to utilize your investments against the company you are investing in because you believe in it.
+
+Nothing like this has ever happened, nor has anyone anticipated individuals would DRS their shares to a scale of this magnitude with no signs of reversal.
+
+​
+
+​
+
+**If you made it through, I hope you either learned something, or are inspired to also help make a positive tangible impact in any shape.**
+
+**Thank you! I look forward to reading through all of the discussions in the comments!**
+*FINANCES*: I’m going to phone it in again this year with the update. Check prior contributions to see more history if you don’t know what this is about. Spending “budget” was $71,016 (based on 2% of net worth at EOY 2021): a meaningless amount that I won’t come close to hitting. Our estimated net worth went from $1,333,772 to $3,674,059 in five years. The biggest contributors to that (in order) were real estate appreciation, VTSAX appreciation, $200k early inheritance, student loan forgiveness, and semi-passive income. Philanthropy has gone way up. My stack of donation requests (junk mail) was six inches tall after coming back from a month-long vacation.
+
+*YEAR FIVE*: Life is returning to normal post-pandemic. Wife and I have started traveling again. In addition to a few local state parks, we made a quick return visit to New York City. Friend and I went to Los Angeles for a bit. And as I alluded, wife and I just got back from four weeks in Ireland and the UK yesterday (Northern Ireland was country #20 for us). Wife and I have been volunteering with the Cornell University nest watch and bird feeder watch programs. I got back into racing after swearing it off. I was able to pull off a new personal record of 2:42:26 in the 2022 Carmel Marathon (also winning the 40+ division), improving on the time I would have earned without a wrong turn in a 2019 race on a harder course that mentally forced me into quitting. I put in over 6000 miles of training in 18 months to be able to come back and do that. I’ve been decent at dedicating more time to hiking, picking up litter, reading, watching movies, visiting friends/family, and playing games.
+
+*THE FUTURE*: I still want to do less internet. I still want to learn to swim and move over to triathlon. I want to volunteer more, listen to my multi-channel hi-res audio more, and get back heavier into classic cinema. I am determined to improve my weightlifting, which I have already restarted. Lots of traveling. Two weeks in Japan with a friend in August 2022. Three weeks in California with wife in October 2022. Two weeks in Hawaii with wife in January 2023. One week in Japan with a different friend in March 2023. Two weeks in Spain/Portugal with wife in June 2023. Three weeks in (you guessed it) Japan with wife in August 2023. Need to brush up on the Japanese now that I think about it. Finally going to watch Better Call Saul since Breaking Bad was so great. Excited about the JWST. I will return to volunteering more often. And yes, I will do whatever the fuck I want.
+
+*IN CONCLUSION*: I realize that not everyone was able to grasp the fact that much of the humor and abrasiveness in these updates (and comments) was tongue-in-cheek. Let me leave you with a serious final thought though. Capitalism is a cruel mistress. A man who finds himself in a position to squirrel away $100k can invest that amount, do nothing but sit on the couch all day, and still pull in more money than a full-time employee making minimum wage at a soul crushing job. This country does not reward hard work. It rewards privilege, awareness, dedication, and financial discipline. I am so lucky.
+So a bank with which I have a savings account offered me an investment plan where I have to invest, say, 100 rupees every year for 10 years and then I can start withdrawing 188 rupees for the next 10 years. In essence it boils down to a fixed deposit of 100 rupees with ten year tenure and an interest rate of 6.5%. When I asked if I am missing something in the plan the advisor said there is nothing I was missing. This just seems to be a bad product all around. Your money is locked for 10 years, you don't get any special benefits really at a not so great interest rate. All I can see is restrictions without any rewards for that.
+
+Is this common strategy applied by these banks? What are other such products that you have come across?
+For some reason the advice of "make sure to keep a balance on your credit card to pay interest every month, or it won't build your credit" comes up a lot more frequently than I'd expect.
+
+I'm pretty sure just having a credit card builds your credit if you use it at least enough so it doesn't get closed.  Please do your best not to carry a balance.
+
+Am I wrong about this?  I tried researching it and there's no indication that interest paid is a factor at all.  Even if it was that's the whole point of boosting credit: paying lower interest.  Having to pay for that would be silly.
+Can anyone shed some light on this? 40k loan taken out 20 years ago, halfway paid back and never missed a payment. Received a letter today stating that the bank had made commercial decision to close the account and clear the outstanding loan balance. I did not get in touch with the bank about this or ask for this in any way. Checked online banking and it matches up. Is this legit, why would this happen and will it affect my credit?
+Happy New Years.  I turned my 100K into 87K returns this year, mostly swing trading, spreads, and some long-term LEAPs (covered calls) that I eventually sold.  TSLA, SE, and CRWD probably were my best returns.  I also made a lot of mistakes or left money on table as first year.  I felt I did well managing/leveraging covered calls, got better at it because I typically buy .65 and .75 Delta and sale between .10 and .15 Delta (depending on bullish or my underline Delta position).  I do have a long-term LEAP in AMZN 2023 that I'll eventually sale soon in 2021, just because of the size.  I opened my RH and TOS accounts in May.  This is my first year as a trader mostly just invested into 401K, Vanguard, etc.  I would say I am not very good at day trading (shaky, weak hands but understanding charts better) and want to avoid that temptation as much as possible.  I also have not traded NKLA, PLTR, NIO, or any other high IV stock.
+
+Going into new year 2021, I may change my philosophy slightly in terms of transitioning to 75-90% LEAPS and covered calls, so I built a worksheet with potentially returns.  I feel going to LEAPS allows less managing of trades since I work and it's just more time-consuming, although I like to research and read a lot of twitter feeds and charts after hours.
+
+LEAP Spreadsheet:[https://docs.google.com/spreadsheets/d/1Ujf2u\_hrcx6ZPehhg558\_GfxUQhpN3cXGqBQnjII6OU/edit#gid=291469](https://docs.google.com/spreadsheets/d/1Ujf2u_hrcx6ZPehhg558_GfxUQhpN3cXGqBQnjII6OU/edit#gid=291469)
+
+Attached is QQQ at 25% IV with annual 12% annual return and SE at 56% IV at 25% (as an example stock) annual return with a scheduled 3 year LEAP to Dec 2023, stocks at moment only go to JAN 2023 but in comparison wanted to look at QQQ/SE at 3 years.   Leveraging LEAPS allows my so-called stock buying power to be around 500K to 1mil in positions depending on IV.
+
+This is a worksheet that's basic enough, inputs are annual return rate and sale of covered calls ratio of return.  I understand IV can change down the road for a particular stock however QQQ seems to always run about 25% historically.
+
+I do have a decent paying job, so I can take a somewhat of hit on downside or risk.  My 2021 and continue yearly goal is to take part of my monthly salary and probably buy 1 LEAP every quarter.  Also reinvest premium $$$ and turn those into swings or buy new LEAPs as well.
+
+1. Is it best to invest ALL into QQQ or mix it up a bit?  If so what LEAPs would you consider or sectors?
+2. Or is it best to continue do what I am doing, which is mostly swing trading with weekly/monthly spreads/diagonals.
+3. Weekly covered calls are worth more however a bit more time-consuming.  Would consider changing some to both weekly/monthly or even bi-weeklies.
+4. If my underline is at 65% delta, typically generate a 8%-10% sale of weekly Delta.  If higher that 70% generally 10% to 12% depending on bullish or not.  I learned the hard-way not to be at 30% delta for gains plus of weekly Gamma.  Also understanding IV and how that plays into weekly CC.
+5. The biggest risk of course is having 3 years of negative returns (think 2000-2003) on LEAPs especially buying 200K worth.  However using the spreadsheet, allows me to eek out small gains with covered weeklies.
+6. If plan to go towards more LEAPs what percentage would that be on 200K, maybe 75% or 150K in LEAPS or slightly more?
+7. Is it best to buy something at 75% Delta or 65% which in turn might allow a few more contracts?
+8. Any flaws in my worksheet and calculations?
+9. Biggest situation is TAXES:  Long-term LEAPS should be at Capital Gains 15% while short-term gains will be taxed at my bracket of 24% and 32%.  I am thinking the Long-Term LEAP will be taxed at 15% while the weekly premiums on the LEAP is short term gains.
+
+Thanks in advance.Paul
+21 years old. Do i have to pay tax on any of the winnings. And any recommended ways on putting some money away?
+
+Edit : i have no debts, no car, and live with parents
+
+Edit 2: gonna spend probably 2.5-3k. Put 2k in index funds and put some towards getting my license and buying a car. Keep the rest in my bank account.
+
+Edit 3: so many people just hating and the rest assuming im a gambling addict and going to spend it gambling. Not happening. A congrats wouldn’t go amiss im 21 with 16k in my account now so will be investing in myself and my future but also enjoying the money. Thanks for the help
+Been investing 4 years now. Made couple dumb early mistakes and happily learned from the them (HUGE.CZN and other pot stocks for example). VET was in for a bit and got out just in time after losing 18%..........but still holding AQN from these early mistake days and it has been performing for me at 34%. 
+
+Reading thru the daily comments, this name always pops up. WHY? Seeing a lot of traders with less then 100 share positions etc being swayed into this name, makes me want to to get out of it. Holding in FRESP so don't care about time, just not sure where to take profit on this name, and I don't do or care about DD since I'm almost all ETF's now.
+Their last statement said individuals affected by the breach would receive written notification by October 8th.  The website said I was affected, then it said I wasn't then it said it wasn't sure. I already have an active  crediting monitoring service since my identity was already stolen once years ago, but is there anyway to know for sure if your info is really compromised? 
+
+EDIT: Whoa, I was expecting only a few yes, no, maybe's. Thanks for your answers and/or 2 cents on this ridiculous situation.
+Put away your credit card. Don't buy crap you don't need, unless it's something you've really needed and been ogling for a long time. 
+
+And for the love of fiscal sanity, do not go into debt for great deals on Amazon Prime day. It's not a good deal if you're paying it off for a year.
+I was given a heads up about this by my cousin, who is a private broker and investment consultant, and then got a message straight to my brokerage account. 
+
+Below is the quoted message from TD Ameritrade/Scottrade. They stay as nonpartisan as possible, given the spectrum of their clientele, so we should all probably take heed when they are taking a stand on a specific piece of legislation:
+
+"Dear Valued Client, 
+
+TD Ameritrade believes it's important to stand on the side of our clients. We have reviewed the Senate Tax Cuts and Jobs Act, which was released last week. Section 13533 of the Senate Bill imposes a single cost basis methodology for investors, "first in, first out" ("FIFO"), on all sales of securities (except mutual funds). 
+
+For the average investor, this means possibly being required to pay the highest capital gains taxes where a stock has appreciated over time. 
+
+On behalf of our approximately 11 million client accounts, we strongly oppose this provision. We believe it will harm individual investors by eliminating their freedom to decide when to take losses or gains on their investments, potentially resulting in an increased tax burden. 
+
+An Example 
+
+Suppose you hold a significant amount of a company's stock, accumulated over a 20-year career. You're now retired, and you want to sell some company stock to diversify your portfolio. Assume the purchases over time range from $5 per share up to $90 per share, but the stock now is trading at $50. 
+
+If you sell at $50, rather than being able to take losses on the stock purchased above $50, the Senate Bill could require you to pay capital gains taxes on the appreciation of the stock from $5 to $50. That is, even if you have experienced sizeable paper losses on the purchases above $50, the Senate Bill might force you to pay taxes calculated on the largest gains possible. 
+
+We don't think that's fair. We feel the Senate should stand up on behalf of individual investors and reject imposing a FIFO cost basis requirement on sales of securities. 
+
+What Can You Do?
+
+
+
+If you are concerned about these changes, we encourage you to contact your congressional representatives today and make your voice heard. We have created a site so that individual investors like you can stay informed and easily reach out to your government representatives on issues that matter to you. You'll find a summary of current issues there, along with template letters to help get you started. 
+
+TD Ameritrade believes in providing our clients with a voice on issues that stand to impact their ability to confidently save, invest, and plan for the future. We are on the frontlines, communicating your interests to those who can influence policy and bring about change. 
+
+By coming together, we can have a more meaningful impact. Please join the conversation."
+We are having a big issue with private equity, if the company is working ok they get private funding and keep it to themselves, if the company is not going to work in the future they pump the brand and do an overpriced IPO, and exit. It's true for now and I think also for future big brand listings.  
+
+
+Just look at Ather Electric bike, really successful now and could make expansion plans with IPO but they won't do it, we have very unequal wealth distribution so they could always get more money from private investors than going to the public by doing an IPO.  
+
+
+FYI the Top 10% of people own 57% of all National Income in India in 2022
+We’ve seen a lower cost and more innovative board of directors confirmed, we’ve got shareholder meeting confirmed for effective dates. We are actively being given misinformation by the MSM, falsified or missing data reported. We have capital, we have rising sales and our share price has dropped $10.
+
+It’s fucking hilarious that good news means lower price and the powers that be ignore it, hopefully they are at least battening down the hatches for the MOASS that’s about rain down on them.
+
+Probably going to buy more, and then fuckin do it again. 
+
+Stay hard.
+Hi guys, I would appreciate your advice!
+
+I'm planning to invest a windfall of 300k in Germany.
+
+My plan is to use a local broker (comdirect) and buy 4000 shares of VWCE in one go.
+
+Are there any drawbacks I'm not aware of? What is the best course of action - buying offered lots off the market or to manually put my own offer to buy 4000 shares altogether?
+
+I am aware about the discussion between one-time and DCA purchase. Are there any other reasons that may make it more reasonable to buy in chunks (say, 50k a time) or like a savings plan (\~10k every month)?
+
+Thanks!
+A lot of you might not know but there is a website called dxsales for defi presales. What I feel like a lot of people here do is buy the presale of a coin on there, then when it gets listed on pancakeswap, shill the coin here to get that pump in which they may or may not dump.
+
+The reason is that most of these posts come RIGHT AFTER it is listed on pancakeswap. They never tell you to prepare for the presale do they.
+
+Off the top of my head some coins from dxsales on this subreddit include: supermoon, lotterytoken, safeastro, mando, dogpill, dogemoon.
+
+So when you see a post about them here, presale people may be up up to 10x on you. So although, it may pump more, please understand it is a risk to buy these coins and there is a high chance for a post launch dump (check the price history of multiple memecoins). My personal recommendation is not to fomo in and wait for a better entry. Just my 0.02.
+
+Full disclosure: Some of you may dig through my post history and notice that I’ve shilled coins on here before. That is right however I’ve never bought any presale and am still holding those 4 low cap coins, as I believe in the projects. I also hold 4 high cap coins.
+My dad is about to come into some money, possibly 100k+. I'm telling him he needs to have a good strategy to invest it to start his healthy retirement. 
+
+I'm thinking multi family real estate or some franchise. What are y'all thoughts on how i can properly help him. Since we have a multi family property already, that i manage. 
+
+Some back info, he's a Mexican immigrant has never had a lot of money but I want to set him off on a good foundation. This can change my parents lives but I want to do it the right way. Any thoughts, thank you!
+
+Edit: so my dad has to live off this money. Hence why I'm wanting to invest in real estate so that it has some cash flow and a physical asset. 
+
+Edit 2: For those saying it's his money, plz understand were Mexican immigrants, I'm the only fluent English speaker in the family. My parents risked everything coming here and leaving a good life in Mexico. He's provided me everything and has trust in me to invest this money for him. I need to set it up where it brings a monthly return for HIM. So i would appreciate advice how best to do that for him to take care of my viejito (old man)
+8+ years of working at my 9-5 career job while also working on side income projects during my spare time, along with budgeting and saving as much as I could. One step closer to FIRE! Big thanks to everyone on this subreddit who I've learned from throughout the years.
+Economic growth is not turning out to be as robust as originally estimated so 2019 appears to be primed for [a massive federal budget shortfall](http://thehill.com/homenews/administration/397445-white-house-budget-projects-1-trillion-deficit-in-2019). This is concerning for several reasons.... 1) We are currently in an economic expansion. This is the time for fiscal restraint to have a rainy day fund set aside for future recessions. 2) The current 2019 projections could get revised much lower if the economy slows down at all in the next couple of quarters. 3) Some cures for budget shortfalls are either to cut spending or increase taxes... both of which are going to be a headwind for future economic growth. 
+
+If one estimates equity returns of 7-9% for the next 10-20 years, I would imagine this news would dampen that enthusiasm. Maybe 5-7% is more likely with a real return of 2-3%. Unfortunately fixed income and real estate both appear to be priced dearly at the moment so where does one look for decent inflation adjusted returns over the next 10-20 years? Diversification across all asset classes including lots of international appears to be prudent at the moment IMHO. 
+
+Edit - Apparently people are somewhat confused about the difference between that US national debt and the federal deficit. The national debt is the total debt owed by the federal government (I believe it is around $20 trillion). The annual deficit, is the amount we are adding to the national debt each year (tax revenue minus federal spending). Starting in 2009-2010 the deficit was gradually declining each year until this year. It appears to be back on an increasing trajectory. 
+How does the process of making an offer to buy a house work? For instance I make an offer, but someone else makes an offer with better terms or better price for the vendor. What should I expect from the REA? Would they come back to you and try to seek more from me? And how can I tell if they are being honest?
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+I am 43, self employed as a consultant of sorts, and debt free.
+
+I am an only child and I lost my dad five years ago and my mom this week. They too were debt free and from what I can tell I will be getting around 600k in IRAs and their house is worth about 300k.
+
+My current net worth is around 3 million. 800k in my IRAs, 1 million in taxable brokerage accounts, 800k in property (my home and two rentals), 350k in cash. While this inheritance is a lot of money it isn’t like bomb going off relative to my financial picture. My concerns mainly are how to keep the governments hands off of it as much as possible.
+
+From what I gather I must transfer her IRAs to what is called an inherited IRA and I must deplete them within ten years. I can take as much or as little as I want each year without penalty but it must be emptied within ten years. Any withdrawals from it are essentially added to my income and taxed as regular income.
+
+My income is high and all this will be hitting in the top tax bracket of 37%.
+
+I see two options and am debating between the two.
+
+1. Since this inheritance is all going to be in the top tax rate anyway while I am working just let it sit and take it all out in year 10 so it can grow tax deferred as long as possible. I guess the only potential downside is if tax rates are higher then or the market is down big time at that point.
+2. Work three more years and then retire. Live off the inherited IRA for 7 years, depleting it. This gets me to age 53. At around 100k a year the taxes would be much lower. Live from 53 to 59.5 off my taxable brokerage accounts. Live from then until I croak off my IRAs.
+
+I hate a love hate relationship with my job. I enjoy what I do but it is 100% travel and while I only work about 15-20 days a month those days are on the road often in other states and typically 14-16 hour days, seven days a week. The pay is very good. Scaling back is not really feasible as I have five employees and 90% of my work comes from two customers. If I get rid of either of the two I wouldn’t have enough revenue to keep my employees and I need all five of them to do any of our work. I also have massive insurance and other overhead costs. My job is either an all or nothing type deal I have thoroughly explored trying to slow down but continue working and it just isn’t feasible.
+
+Any advice would be appreciated. On one hand it seems insane to quit a job at 43 that pays in the mid to high six figures but on the other hand I have been doing this over 25 years and am just tired of being gone so much. My oldest son is going to graduate high school in two years and I have missed so much. My youngest is 9. I feel like a rat in a wheel. I work like a mad man 2-3 weeks a month, catch up on rest for a couple days when I get home, spend a few days completing the the paperwork for the project we finished, fix everything at the house that went wrong while I was gone, then get everything ready for the next project and leave again.
+
+My mom who just passed has been in really bad health for about eight months. During this time pretty much all my time i wasn’t out of town working I spent with her which I guess might be as be making me feel even more burnt out and missing my wife and kids more.
+This can’t be the first time someone has been annoyed with the excess “I paid off my debt” posts. Especially if it’s a crazy amount of debt within a small time frame. Real poverty level living just DOES NOT make this type of thing possible. Get your own sub to celebrate being debt free. Good god
+I currently have a relatively easy $100k job I can work from home. It caps out at about $160k in 4 years. The job is totally flexible in terms of schedule (as long as I log 80 hours every two weeks and meet my production quota), pensioned, and about as secure as jobs come. Lots of upsides, right? 
+
+Well, the downside is that the job is patent examining for the government, and it is as boring as it sounds. It's essentially reading documents all day that are purposefully written to be confusing and fighting about the minutiae with lawyers. Plus, it comes with negative prestige (who admires bureaucrats?).
+
+I always saw myself doing grander things with my career (I'm only 29) and really enjoyed working on big impact projects while in the private sector. I occasionally get contacted by recruiters about more exciting job offers (patent attorney work), but I'm not sure I want to give up my relaxed lifestyle for commutes,  stress, and rigid schedules, even if it comes with higher earning potential and more meaningful work. 
+
+I'm leaning towards staying at my current job, regardless of what better offers arise, but this raises an issue that most people don't grapple with until retirement: *now that I don't get life satisfaction out of a job, where should I find it?* 
+
+It's a tough question. I've been trying to find satisfaction through my relationship, hobbies, family, and travel, but I haven't yet been able to find as much satisfaction as I felt while working in the private sector. I'd love to hear how some of you are filling this void.
+
+So in a sense, I already reached FI, provided I can put up with doing some paper pushing from home. Should I just accept that and find satisfaction outside of work or should I re-enter the rat race?
+
+(And if my job sounds good to you and you have a hard science or CS degree, there are always patent examiner jobs on usajobs.gov)
+Not whining, just an honest question since I live in a country with no Crypto taxes. Considering what the Politicians, the SEC and the bankers say about Cryptocurrencies,  it should be pretty clear that Cryptocurrencies hold NO value whatsoever. They consider it to be a worthless and useless asset.
+
+If that's true, then why do people have to pay taxes on Crypto? People should not be paying any taxes for holding a useless asset. The same politicians and government bankers who call Crypto worthless receive a part of their paycheck from taxes collected from Crypto. It is clearly hypocritical to tax Cryptocurrencies and profit from it while calling it worthless at the same time.
+⚔️ WELCOME TO RAGNAROK- Let's go to Valhalla! ⚔️ We are here to stay 🌙
+
+Come with us to Valhalla, we are off to a great start. Our whales are holding and we are here to stay.
+
+We had our first AMA yesterday to discuss our use case proposals: secure launchpad, data visualisation tool and a bonus proposal. Check out our Medium article for more information and vote for your favourite one today in our TG. 
+
+Medium: [https://ragnarok-token.medium.com/ragnarok-token-first-ama-summary-97def81a7a05](https://ragnarok-token.medium.com/ragnarok-token-first-ama-summary-97def81a7a05)
+
+TG: [https://t.me/ragnaroktoken](https://t.me/ragnaroktoken)
+
+Developers have been extremely transparent and helpful, join our daily voice calls to meet our developers and hear from them firsthand! Feel free to ask any questions you may have, this is legit.
+
+Join the telegram today to help decide the fate of ragnarok!!
+
+​
+
+⚡️CONTRACT: 0x0e3cCBf75fa0A97b8C1A3ff817F59f1CCF93EC21
+
+✅ 100% LP Burnt: [https://bscscan.com/tx/0x89cec5fc0552c95b4a52132bd8fdf77647ff28231b4c945768d0701a1732a15d](https://bscscan.com/tx/0x89cec5fc0552c95b4a52132bd8fdf77647ff28231b4c945768d0701a1732a15d)
+
+​
+
+✅ Ownership Renounced: [https://bscscan.com/tx/0xb70e78257bfc8c4d6402d373c88e0dbf8c702bd26539ad5de04b0c776cd6301d](https://bscscan.com/tx/0xb70e78257bfc8c4d6402d373c88e0dbf8c702bd26539ad5de04b0c776cd6301d)
+
+​
+
+☠️ Telegram: [https://t.me/ragnaroktoken](https://t.me/ragnaroktoken)
+
+​
+
+🐦Twitter:@TokenRagnarok
+
+​
+
+🥞 PancakeSwap (slippage 11%, if it doesn't work change the number of Ragnarok to end in a 1)
+
+​
+
+📜 BscScan:  [Ragnarok (RGNK) Token Tracker | BscScan](https://www.bscscan.com/token/0x0e3ccbf75fa0a97b8c1a3ff817f59f1ccf93ec21) 
+
+​
+
+📈 Chart:  [Ragnarok (RGNK/BNB) $0.0000 (poocoin.app)](https://poocoin.app/tokens/0x0e3cCBf75fa0A97b8C1A3ff817F59f1CCF93EC21) 
+
+​
+
+⚡️FEATURES
+
+​
+
+🔰ULTRA LOW MC
+
+🔰100% LP BURN
+
+🔰UNRUGGABLE
+
+🔰RENOUNCED OWNERSHIP
+
+🔰LIMIT TX AVOIDING WHALES
+
+🔰STEALTH LAUNCH
+
+​
+
+**What we have achieved so far:**
+
+Almost 800 holders, lots of diamond hands!!
+
+1M ATH market cap
+
+Website V1: [http://RagnarokBSC.com](http://RagnarokBSC.com)
+
+Price bot
+
+**What the next few days will look like:**
+
+Use case community vote (28th April 2021)
+
+Roadmap and v2 development of website (Continuous)
+
+Coingecko and CMC applications (29th/30th April 2021)
+
+Marketing (Thanks to use case it’s easier)
+
+**Current proposals for use case:**
+
+Secure launchpad
+
+Token visualisation tools + auditing service (Scam sniffer/ DEX tools)
+
+Bonus proposal
+I made a throwaway account because I don't want to post this with my main account.
+
+About me: Im mid 20s, NW around 2 million euro's.
+
+I always prioritised money over dating and for this reason haven't had my first relationship until 22 years old. Since then I have dated 4 different woman and every single time they lose interest. I'm not going to go into full detail because this isn't some relationship advice subreddit, but it's 100% my fault. I am just way too serious, not funny and awkward.
+
+I am starting to think that it's only realistic to eventually settle with a golddigger instead of repeating the same cycle over again. Have any of you had a happy ending dating a golddigger or ended up marrying her/him? 
+
+Curious to hear your stories, cheers!
+If the MOASS is as cataclysmic as expected, it may adversely affect many people. If you are driving around in a brand new car, post-MOASS, with a GME/Ape license plate, you are putting a target on your back. You're basically broadcasting the fact that you have money. This is an invitation for unsavory people to mess with you. I'm not gonna tell you what to do with your money. But be careful and don't end up robbed, car jacked, or dead.
+Hey reddit I just you know I want to get into rental properties and I don’t know where to start I’m 22 and have about 35k saved up but I don’t know where to begin I just want some advice from the pros give me anything you got.
+**TLDR;** if you're 'tarded - basically just play a clip of President Camacho giving his state of the union, then remove the smart guy who's going to fix everything part
+
+**TLDR2;** if you're too 'tarderd for the first one - two weeks ago the market Wile E. Coyote'd off a cliff, and in three weeks it's going to look down and hold up a sign that says "oh no!"
+
+I know, I know, I can hear you out there already, "another stupid bear, stonks only go up, don't fight the FED" etc etc.  So why should you listen to me?  How about because you know that 4% drop in SPY on 9/20 we had that fucked all of your portfolios sideways?  I fucking called that to the day three months ago.  Here's the relevant paragraph for those who can't be bothered to click on a link:
+
+>My date range remains unchanged, sometime between June and November of this year. If you want some specific dates to watch, check July 12th, July 19th, August 23rd, September 20th, and October 25th. I probably like August 23rd the most of those, but I buy retard positions on reddit, so you definitely shouldn't listen to me.
+
+Let's review what happened on those dates:  July 12th, SPY went up 1%, July 19th, SPY dropped 3.4%, August 23rd, SPY went up .003%, September 20th, SPY dropped 4%.  Clearly I was wrong on July 12th, but that was also the date I had the weakest evidence for.  August 23rd for some reason was covered early the week before on the 18th and 19th.  So, you might be asking how did I know that we had market drops coming?  Well, it's pretty simple, I looked for dates when realized losses would hit.
+
+Wait, what?  I predicted days the market would drop by looking for the days when people lost money?  Isn't that backwards?  Not really. Skip the next part if you don't care where the info comes from.  >!See, one of the biggest and most asymmetric obstacles retail investors face in the market is information.  The big boys know when you're making your trades and front-run them with PFoF (payment for order flow - a practice where your broker sells your order information to a hedge fund, who uses computers and super high speed internet to sprint ahead of you in line, buy whatever you're going to buy, and then selling it to you at a higher price) giving you a worse price and skimming a tiny profit in the process.  The big boys know where your stop losses are at, they know where your buy limits are, and they will specifically dodge those or force hits on them depending on if their AI's tell them it's a good idea or not.!<
+
+>!The best you can do for information on their positions is the 13F, which doesn't include a lot of the more popular types of trades anymore (everything swap related, any kind of bullshit insurance derivative, anything they entered AND left during the period between reporting dates, dark markets, some kinds of futures contracts, etc. etc.), and is at best 3 months out of date by the time you see it.  As a retail trader you have access to the following real-time data: futures contracts prices, stock prices, and the options chain.  The CFTC (commodities and futures trading commission) is doing everything it can to hide futures contracts prices, making them more opaque by the day, stock prices are so heavily manipulated by dark pool and naked short selling action that they're more lotto numbers than anything else.  (Don't believe me?  There's a video where an old guy with a phone and a pencil calls out price movements ahead of time hundreds of times in a row by looking at the level 2 data and cracking the code of how hedge fund and market maker algos use it to communicate with each other. No link because I just got off ban and the bots here can be touchy about links to YouTube.)  Oh, and after that video surfaced a couple people posted the actual rules those bots use to talk to each other, got forum slid off of every single reddit they appeared in within less than one day.!<
+
+>!So what are we left with?  Mostly just the options chain, because it shows where the big boys think the prices are going, and if you cross it with the 13F data, you can sometimes find where a big player is exposed.  I will say the options chain is rapidly getting less reliable though.  Notice all the posts lately where they say "get in now, the options chain is loaded for a gamma ramp!" and then it doesn't happen?  Yeah, that's just a new spin on the old "short squeeze" pump and dump play.  The MM's and HF's sell the loaded chain naked, pump the stock above that point, chum up the waters to get retail to dive in, then naked short the fuck out of the stock to put it below the options, then do the slow bleed on price over the next few weeks to discourage people out of it, take a big position via dark pool, cover their shorts in the lit market to drive up the price, and repeat the whole damn process.  Stop falling for it folks. !<
+
+So, pinpointing when and how much these motherfuckers are going to lose gives us a good idea of how much they'll have to sell to cover their losses.  So, do we have any more known losses coming up?  Yes, yes we do.  And they are much, much, much fucking bigger.  The 7/19 and 9/20 losses were a couple of billion each.  But we're about to see a whole lot more than that on 10/20.  What happens on 10/20 you ask?  Well, that's 30 days from 9/20 - which is the first day that Evergrande missed paying the coupon on a USD denominated bond.  When a debt issuer misses a coupon payment, they've got 30 days to make it or the bond goes into default.  When bonds default, whatever secures them transfers over, in this case I believe it to be equity.  Well, guess what? Evergrande stock is fucking worthless.  So, a whole bunch of rich idiots are about to see an income generating security/collateral turn into junk stock, and realize losses.  This is going to fuck up their margin ratios, and make them sell a bunch of shit to get back in line.  T+2 from Oct 20 is Oct 22, which means Oct 25 suddenly looks pretty fuckin' spicy.
+
+​
+
+https://preview.redd.it/oz9oqxu4igr71.jpg?width=400&format=pjpg&auto=webp&s=be6a372b1e7bcd56b38bc5b83acdafb05b54a356
+
+The 9/20 coupon payment isn't the only one Evergrande has missed.  There's also the 9/23, and the 9/29 payments that have been missed.  Those hit 30 days on 10/23 and 10/27.  Maybe you saw some nonsense about EG paying making some debt payments lately?  Yeah, they paid the 9/23 coupon - for ONSHORE bonds, ie Yuan denominated debt, and they paid it "partially in kind" which means they handed over some parking spots and unfinished property that has negative value after you add up the costs to clear the half-finished buildings off of it.  They haven't paid shit on the money owed to foreigners, ie the $305B they owe in USD bonds.  These aren't the end of it either, there are additional coupon payments hitting basically every week until they've cycled through every single USD bond they have outstanding.
+
+Now, if you're smarter than the average retard, you might start wondering at this point, who the biggest bagholders for that $305B in bad bonds is.  Well, let me tell you.  First, we've got the RBC (Royal Bank of Canada), which has $46B in EG bonds - and a market cap of $144B.  If you were wondering why there was that weird AH (after hours - the stock dropped 64% AH in one day, then "fixed the glitch" and went back up) mess with RBC about six months ago where it looked worthless and totally fucked for a minute?  Yeah, that was an actual view of the banks real financial state when these bonds hit zero.  This is also why Trudeau called elections early, because once this shitshow hits, nobody's getting re-elected.  This is also why if you check the Canadian TV broadcasts for NFL games a week ago, you'll find commercials stating that bank deposits are insured by the government.  They're prepping the public to try and avoid bank runs.  Here's a photo if you don't believe me:
+
+​
+
+https://preview.redd.it/4qev4b54igr71.jpg?width=960&format=pjpg&auto=webp&s=6ae5e3c7fdc4d6e5ab6db8ab654e6287045d91cb
+
+On a sidenote, if this makes you nervous about the Fed's requirement that banks have $1 Trillion in high quality capital reserves on hand for a severe recession by 10/1, or BofA's massive issues with online banking and ATM's not working yesterday?  Well, it fucking should.
+
+Next up we've got HSBC - the Hong Kong and Shanghai Banking Corporation Limited - I don't actually have a ton of info on them, but I've heard some bad rumors, and they probably fuk in general, but I don't have enough solid data to say anything with great certainty.  If you do, chime in in the comments  or DM me and I'll add it in here in an edit.
+
+Finally, we've got Blackrock, the 4th branch of govt, with trillions of USD AUM (united states dollar assets under management).  They are very heavily exposed to Chinese junk debt from the real estate and property development sectors.  Their stock is down 10.5% on the month, which is more than SPY is over the same period, even counting from the ATH (all time high).
+
+However, it's not just Evergrande that's a problem.  It's all the Chinese property development companies, and all of their foreign denominated debt. China recently started arresting executives from HNA - which is another huge developer, and SINIC stock has been suspended from trading for almost a month now after it fell 80%.  These are all big developers that are utterly fucked, EG is just the first domino to fall.  So, there is a lot more pain still to come.
+
+I'd also like to take a second to dispel the myth that Xi - a hardline communist dictator - is going to bail out a bunch of western capitalists.  Because he's not.  Politicians work to their incentives.  Western politicians bail out banks and wall street because they keep power by making their rich donors happy.  Chinese politicians keep power by making the economy go up and maintaining domestic stability.  Neither of their goals is achieved by giving money to foreigners.  Also, they've got massive problems at home to worry about this post sums up just a few of the problems, but fails to address what's probably the biggest one, which is the 1.6 million apartments that Evergrande took money to build... but didn't.  And EG isn't the only one who pulled this.  The people, they are NOT happy about it.  They're already taking executives hostage, and protesting in public, both huge no-nos in China.  When they start grabbing bankers and low-ranking party officials... that's where the bad stuff really starts.
+
+Ok, ok, maybe you're not a China boogeyman, maybe you don't like the idea of realized losses.  Maybe you're a big fan of charts, TA (technical analysis) and astrology for men.  Ok, then here's the six month SPX chart:
+
+https://preview.redd.it/pihkuks2igr71.png?width=1858&format=png&auto=webp&s=bd06ff5eb422363ba76cc291835075f00900f2be
+
+So, yeah, that's a clear head and shoulders that formed from August through the end of September.  On the SPX chart, at the end of a year and a half in which the market MORE THAN DOUBLED during a historic pandemic.  Surely the trend turning downwards won't be equally violent.  Surely.
+
+So now let's move on from chart patterns to our good friend Elliot Waves.  Here's an example of a textbook Elliot Wave pattern, just so you know what we're talking about.
+
+​
+
+https://preview.redd.it/cljafxs0igr71.jpg?width=259&format=pjpg&auto=webp&s=6a3b71cd98ffbb5945215d819161f57b11ea299c
+
+Now, let's look at an elliot wave chart of the market:
+
+​
+
+https://i.redd.it/1ti8bd6zhgr71.gif
+
+Oh whoops, my bad, that's not actually today's market, that's what things looked like in 2008 right before the crash.  Well, I'm sure today is different, right?
+
+​
+
+https://preview.redd.it/gsh6ylh1igr71.jpg?width=665&format=pjpg&auto=webp&s=7434d6ef5c05febb466c0375994b45ad1bb6974c
+
+Ok, yeah, those are TOTALLY different pictures.  Right?  Right???
+
+Those are both taken from work by Robert Prather, who is really good at Elliot Waves, even if he is pretty dumb about other stuff.  And if you're wondering, yes this picture is pre-covid, so there's a final blip dip/spike missing, but it doesn't change that much of anything if they're there.  But if you need something truly wild that lights up your tinfoil and points to 2021, then I give you this masterpiece.
+
+​
+
+https://preview.redd.it/h509p84xhgr71.jpg?width=999&format=pjpg&auto=webp&s=29487d068b5fe2fbffd0cd5ab6092cd2262a05e6
+
+And one final chart of a particular stock that provides a large amount of idiosyncratic risk to the markets.
+
+Taken from this post because drew it much better than I could.  Anyways, that 9 month wedge closes around October 14th or 15th.  Look, whether you agree or not with the whole GME Ape Saga, IF they're right, that is going to blow up the entire goddamn market.
+
+​
+
+https://preview.redd.it/4xyk6o7yhgr71.jpg?width=2270&format=pjpg&auto=webp&s=4a05a6b20b3188b241586009a006ee7c93e83a42
+
+Need more rainbow bear porn?  Ok, don't worry fam, I gotchu covered.  On this coming Monday, 10/4, the president is unveiling his new China trade policy.  And from early leaks it looks strongly like he's going to take the previous admins trade war, re-brand it, and make it smarter and less damaging to us.
+
+The eviction ban is over, and for some reason the expected mass wave of evictions hasn't happened yet - which means it's still coming.  A Census Bureau poll showed 3 million American households are very concerned about imminent eviction, the number of Americans behind on their rent varies from estimates of 6 million behind on rent from Moody's to 15 million behind on rent from the Aspen Institute.  Best guess?  Stuff is still working its way through the courts and there is lots of pain to come.
+
+The European energy crisis looks really, really bad early on, with people in Britain getting knifed in gas lines and the Army coming out to guard fuel transports (EDIT: comments say the army is transporting the fuel itself, not guarding transports by others - not really sure that's better).  Those are from headlines on CNN if you're wondering about the source.
+
+Inflation continues to run rampant.  Two of the local greasy spoons near my office have raised prices and come out with new menus in the last month, every trip to the grocery store I see something else is more expensive now, Germany - which is like, allergic to inflation on a genetic level - just posted a 4.1% increase YoY (Year over Year).
+
+So, let's just sum everything up -
+
+* China is all kinds of fucked up
+* Massive realized losses incoming that have to actually be accounted for
+* Canadian TV reminding people that bank deposits are insured
+* Head and Shoulders bearish pattern on the yearly SPX chart
+* Elliot Waves say historic bomb incoming
+* Tons more domestic pain from evictions still to arrive
+* Energy crises in Europe and China
+* Palantir - which is basically corporate SkyNet warns of a "black swan event"
+* GameStop finally going off or going away
+* Inflation is less transitory than a hooker's love
+* Historic record amounts of margin
+* The CMBS loan market is full of shit and garbage like the MBS market in 2008
+
+Ok, so what plays to make?  Well, basically, puts on everything and calls on anything inverse.  I think we have 2-3 market pumps left in the next three weeks before shit starts really going downhill.  One will be on whatever infrastructure deal passes, one will be on the debt ceiling getting resolved (Senate floor time is actually a massive, and very unrecognized risk on that because nobody, including half of DC, can actually be bothered to understand how things work), and we might or might not get some kind of random "miracle technology" or whatever pump from the press.
+
+All of those pumps WILL be used by the big boys to dump bags on to you, the retail investor.  Don't FOMO, don't buy the dip, take the rise in prices as a buying opportunity to go the other way.  These are my current positions, and I'm looking for market bumps to add more to them.
+
+Low five figures worth of calls and shares in the one true Stonk given down to us retards by the holy  - GAMESTOP
+
+So, just one more time for the silly little monkeys that skipped to the end and all the dumb kids who couldn't read the words because their helmets don't fit right.
+
+***Stonks only go up!  Many years!  Now, end of happy times!  Many bulls dead!  Bears return to roam land, eat everyone!  Soon!  Pit of doom opens in three weeks!  Get cover with inverse ETF and puts!  Might be little happy time before then!  But after, DOOM!***
+
+And, a very important quote from my first DD on the crash which listed a June-November time range:
+
+>and remember, after September, comes October
+
+Ok, actually, I don't remember which piece that quote was from, but it's fucking true.  We're going down like a virgin in a submarine in just three weeks, make sure you've got a lifejacket.
+
+EDIT: I've had a lot of requests for a link to the youtube video where the orderbook signals from MM's to each other are explained, so, here, hopefully this doesn't nuke the entire post
+
+[https://www.youtube.com/watch?v=Z9hQMu1GQTk](https://www.youtube.com/watch?v=Z9hQMu1GQTk)
+
+EDIT2: It looks like RBC has been selling a lot of notes lately, much like BofA has.  Source:
+
+[https://www.sec.gov/Archives/edgar/data/1000275/000121465921010201/rbc104210fwp.htm](https://www.sec.gov/Archives/edgar/data/1000275/000121465921010201/rbc104210fwp.htm)
+
+hat tip to u/SpoonerSleutherton for finding it.
+
+I've also been getting a lot of questions about my source for the $46 billion of EG debt that RBC has - look at the second listed holding.  RBC, $45,957 - that's in millions, so $46 billion.
+
+https://preview.redd.it/2v1bmb03zmr71.jpg?width=824&format=pjpg&auto=webp&s=0dee1f20fcc91f60788ed41be751cb8fff82a6b7
+
+Finally, regarding questions about what to do with your banking - that's an entirely personal decision I can't help you with.  Personally, I have been banking with BofA for a long time now, and I've begun looking at moving to a local credit union, but I'm not in some massive rush trying to do it tomorrow, if that makes sense.  I'm taking my time and making sure everything is lined up and that I won't miss any payments and that all of the withdrawals I have for bills will move over seamlessly as well.  The US and Canada have a LOT of laws and such set up to protect consumers in the event of bank failures - as the recent commercials from the CDIC are trying to remind people.
+Looking back on it I have made a lot of long term stupid decisions when it comes to money and want to know how to get out.
+
+Starting from when I graduated college, I have put the house we live in in my name, gotten a credit card in my name because I would get approved and have a lower interest rate, given money to my stepdad that he never paid back, and taken out a loan to make repairs for the house. Right now, they want me to buy properties so they can “help” me rent them out.
+
+Looking back on it, I feel stupid and wish I had paid more attention and had the balls to tell my parents “No”. I feel like I haven’t had the chance to live for myself because I’m too busy fixing their mistakes.
+
+If anyone has anyway to get me out of this mess, it would be appreciated.
+
+EDIT: Thank you everyone for your advice! This has been really helpful and I will be making changes to my life very soon.
+Update: thank you so much for the responses and support. My plan of quitting early is temporarily on hold because one of my coworkers may be put on bedrest and another is at a different location all week. My boss maybe a shithead but the manager isn't and I can't leave her to run the shop by herself. I'll know more about what's happening by tomorrow after noon
+Last week I I was hired at a new place that has better pay and better hours. Also my boss won't be stealing money from all her employees (that's a different story and I'm already reporting her to the proper channels) 
+I did a working interview in which I worked a full day and was paid for it. Friday my new boss called me to let me know how much I had made that day and that they would be sending me a check. I made more than twice what I make in a day at my current job. I have a week left of my notice but I'm struggling so hard right now and my new job wants me as soon as possible. Should I call my current boss and explain that I literally can't afford to complete my notice or do I tough it out for professionalism. Also I work in the dog grooming industry and most salons know each other and my current employer has a horrid reputation which she mostly lives up to.
+Any thoughts and suggestions are super appreciated and welcome. Thank you.
+Talking about money being created from nothing by the banks, just adding 10,000 to the number each citizen (above the age of 18) has in their online bank accounts.
+
+1. What would be the consequences of this?
+
+2. Would the value of the dollar decrease? If so, how long would that take and what (specifically) would cause that to happen?
+
+3. How would this affect other currencies around the world?
+
+4. Would the U.S. economy be booming after this? Would other economies around the world be booming after this? If so, how long might this last if this was a one time thing?
+
+5. Could this negatively affect banks somehow (aside from the currency being devalued)? Might this cause a bank run that could put some banks out of business?
+
+This idea behind this question comes from the proposition some UBI supporters make where they say that the Federal Reserve should just print the money needed for the UBI and inject it into everyone's bank accounts every month. They claim that if the Federal Reserve can bail out Wall Street with a $700 billion bailout, why can't they bail out Main Street in the form of a UBI for roughly the same amount? I see both ideas as being incredibly short-sighted and doomed to result in a devaluation of the currency, high levels of inflation and other issues. However I do think a UBI *could* work (and that it would totally reinvigorate the economy) if it was paid for via a high consumption tax thus completing the positive feedback loop that would keep the money flowing as it is meant to.
+EDIT: Wow! Thanks so much for all the kid words and, jeez, the awards- you guys are all special!
+
+
+
+Like, I’m a grown ass man. I’ve had some success in my life. I worked for a Fortune 50 company for many years and Ad agencies who supported that same Fortune 50 company. Lots of years and salary and benefits, vested stock- all the bullshit. And the money was good, until it wasn’t.
+
+I never wanted to be the person I was becoming, a marketing asshole, driven by accounts when I was on the advertising side, and driven by being perceived as better when I was the client. Money got in the way of what I was really good at- being a creative. Working with Small teams, collaboration, the ability to turn the wheel in the right direction at ‘our discretion not corporate assholes., 
+
+These are the words of a 50+ year old man who on paper seemingly has many of the answers to life. Nice cars, nice house, 2 kids I’d fucking kill for (seriously).
+
+I hate myself and the opportunities I lost. I chased a little more cash instead of what I really wanted- autonomy and self sufficiency- for a slightly better apartment at the time, and more money for booze and eating out. Don’t be like me. That’s the hindsight view of my life.
+
+What I see today, and every day since January, is a bunch of numbers and posts and scrolling, reading, researching, communion, loyalty, mania, and love in my life.
+
+While my life hasn’t changed much, my outlook on it has changed tremendously because of all of you beautiful apes.
+
+THANK YOU!
+Piccolo Inu is a community-driven token on the Ethereum Mainnet. We created $PINU to provide our holders with leading tokenomics within the DeFi space. Our frictionless generation protocol makes you earn passive income without having to do anything at all.
+
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+>  
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+
+​
+
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+
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+>  
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+
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+
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+
+​
+
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+
+✅ We are constantly doing promos on YouTube, Tiktok and telegram channels. Thursday / Friday we'll probably get our billboard in NY Times Square for a week.
+
+✅ We will also start trending on Dext soon and that will last for a few days.
+
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+​
+
+>🌐 Website: [https://www.piccoloinu.com/](https://www.piccoloinu.com/)  
+>  
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+>  
+>📬 Telegram: Telegram: [https://t.me/PiccoloInu](https://t.me/PiccoloInu)
+So in case you are not keeping up with Citadel's PR campaigns on Twitter...
+
+They just released a little Tweet about Trade Prices
+
+​
+
+[Source: https:\/\/twitter.com\/citsecurities\/status\/1496494163227037699](https://preview.redd.it/47vd3wimrlj81.png?width=655&format=png&auto=webp&s=11a7bbd2f09ca1f4d19851e85fd3d3fcf2af7a45)
+
+So I decided to whip out my Google Skills... and take a look at who Paul Hamill is...
+
+According to his Linkedin [https://www.linkedin.com/in/paul-hamill-a759904a/](https://www.linkedin.com/in/paul-hamill-a759904a/) before Citadel, he was at UBS. 
+
+And then I stumbled across this little article:
+
+​
+
+[Source: https:\/\/www.businessinsider.com.au\/thomas-benison-james-hill-athanassios-diplas-paul-hamill-andy-hubbard-oliver-frankel-2010-12](https://preview.redd.it/18eywv40slj81.png?width=1034&format=png&auto=webp&s=fcc8089edd5ec69fd584fd55c3ecdfcc3b98ac70)
+
+Which basically states that back in 2010... Kenny wanted to get a seat at the table of a decision-making committee that CONTROLS the exchange of derivatives...
+
+HMMMM....
+
+So apparently, the 9 bankers who sat on this committee wouldn't let Kenny join their club... so Kenny took revenge by doxxing them... (Not sure why that would be an issue... but apparently it was)
+
+​
+
+> The nine bankers just lost their privacy via the New York Times article. The article implies that they are Thomas J. Benison of JPMorgan, James J. Hill of Morgan Stanley, Athanassios Diplas of Deutsche Bank, Paul Hamill of UBS, Paul Mitrokostas of Barclays, Andy Hubbard of Credit Suisse, Oliver Frankel of Goldman Sachs, Ali Balali of Bank of America, and Biswarup Chatterjee of Citigroup. 
+
+Did you catch it?
+
+\>> Paul Hamill of UBS <<
+
+ 
+
+>Through the committee, the article says, the nine help make rules that essentially lock in their employers as middlemen who collect fees for matching buyers with sellers. If you, or one of the companies you pay to say, heat your house, is a buyer or a seller – those fees will be paid by you.   
+>  
+>Thus the bankers are at it again. Stealing from the little guy and building a moat around the castle so that no one can get in to change the system so that everyone benefits.
+
+​
+
+So Kenny was upset that he wasn't allowed to join this club... so he gets onto the NYTimes and gets them to run a story about how these guys are ripping off retail traders through the derivatives market and how he and BNY Mellon are the "HEROES" sticking up for the little guy...
+
+(Kenny's first SHILL CAMPAIGN?)
+
+​
+
+>Instead, in the article, Griffin and BNY Mellon are made to look like heros fighting for the little guy and getting squashed by the secret elite squad of super brokers.  
+
+​
+
+Can't make this shit up... lol...
+
+​
+
+>But remember that Griffin has been trying to build his own investment bank, Citadel Securities, for years now. Running a clearinghouse with CME would have been advantageous for his bank much like ICE is for the nine banks with representatives on its risk committee. Citadel Securities has since had [a lot of trouble getting a solid business going](http://www.businessinsider.com.au/ken-griffin-citadel-securities-layoffs-fixed-income-2010-10) — maybe the failed exchange is part of the reason. 
+
+​
+
+>The one entity that wouldn’t necessarily profit from the price transparency is the elite banking industry, says Griffin. 
+
+​
+
+>“It’s a stunning amount of money,” Mr. Griffin said. “The key players today in the derivatives market are very apprehensive about whether or not they will be winners or losers as we move towards more transparent, fairer markets, and since they’re not sure if they’ll be winners or losers, their basic instinct is to resist change.” 
+
+SOOO.... AT THE TIME... Citadel was struggling... they were about to face mass layoffs... Ken sees a "Stunning" amount of money being made by these insiders controlling the derivatives... but they won't let Ken join the club???
+
+This article is referencing a NY Times article, which I don't have a subscription for but you can check it out here if you do: [http://www.nytimes.com/2010/12/12/business/12advantage.html](http://www.nytimes.com/2010/12/12/business/12advantage.html)
+
+And there's a feature article on CNBC at the time too here:
+
+[https://www.cnbc.com/2010/12/12/a-secretive-banking-elite-rules-trading-in-derivatives.html](https://www.cnbc.com/2010/12/12/a-secretive-banking-elite-rules-trading-in-derivatives.html)
+
+(Gary Gensler was at the center of this all too!)
+
+​
+
+​
+
+4 YEARS LATER...
+
+Kenny seems to have gotten a seat at the table SOMEHOW...
+
+(Would be interesting to figure out how that happened!?)
+
+​
+
+Citadel Becomes a Market Maker... putting themselves at the CENTER of this "STUNNING" amount of money... after previously being one of the most outspoken defenders of the Dodd-Frank Act which prevented the form of Derivatives Trading he was now at the center of... and spending so much time sticking up for the little guy against the "secret elite squad of super brokers"
+
+​
+
+And to top it off... 
+
+He goes and hires Paul Hamill (1 of the insiders that wouldn't let him join the club)
+
+Source:  [https://www.tradersmagazine.com/departments/brokerage/paul-hamill-to-join-citadel-from-ubs-to-boost-swaps-trading/](https://www.tradersmagazine.com/departments/brokerage/paul-hamill-to-join-citadel-from-ubs-to-boost-swaps-trading/)
+
+Makes him the GLOBAL HEAD of FICC Distribution... 
+
+And when Citadel gets in some shit... (LIKE ALOT OF SHIT)  Forces him to go on Camera for his Twitter PR Campaign to explain to a bunch of Apes that Citadel is actually fair on Pricing...
+
+Wonder what leverage he has on Paul Hamill? 
+
+​
+
+https://preview.redd.it/0gedm266xlj81.png?width=400&format=png&auto=webp&s=13b86b3669e02a9e0fa4e963d6bee710b36453a6
+
+What a fucking world we live in.... lol.
+This is some DD I did for myself. I’m sharing it because you might find some of this interesting. If you don’t like it, there are many other excellent DD to suit your bias. GLHF.
+
+Here, I wanted to return to first principles and look at what the current short position looks like for the Hedgies right now. bc curiosity.
+
+Not all the shorts were created back on Jan 27th, many were certainly, but to understand the ***current short position*** on GME we need to consider the price at the time each batch of shorts was created and sold into the market over all the days since Jan 27th. This allows us to determine whether they are are up or down on their total position.
+
+So, I pulled the historical Short Volume Data from Chart Exchange and cross-referenced it with the GME price history from Barchart. The NYSE Short Volume (not to be confused with Short Interest) is the number of trades each day that involve a Short sale. When Short volumes exceed Long Volume you have a net accumulation of Short Interest. (Nekkid Shirts!)
+
+**Here are my assumptions for this analysis:**
+
+1. My analysis begins on Jan 27th, GME was just about to moon and they turned off the BUY button. Daddy Citadel and Point72 came in to bail Melvin out to prevent the game from being exposed.
+2. For purposes of this DD I will ignore any bazillion-share short position they might have had *previous* to this date and assume Cit/72 opened new shorts at this time, establishing a fresh new short position as of that date.
+3. The bad guys have some way to create an effectively *unlimited* number of naked shorts. By means of Future Swaps, Volatility Swaps or whatever mechanism it is they are using. I don’t know what that mechanism is, please browse other DD’s if you want to go down that rabbit hole, but here shorts are shorts are shorts and I am not focusing on how the magic hat they got pulled out of.
+4. The Short Volume of the stock is being generated 99% by the bad guys. This is a battle between Apes and Hedgies but a few day traders might have got burned trying to short GME but the vast majority of the financial pain lies with Cit/72/Melvin.
+5. The difference between the Short Volume and Long Volume represents the net number of Short shares created every day. i.e. When Short Volume exceeds Long Volume you have a net increase in Shorts that day. When Long exceeds Short, there is some covering we will assume.
+
+**For reference, some current tickers for Short Volume stats:**
+
+|Ticker|30-Day Avg Short Vol|Seems normal?|
+|:-|:-|:-|
+|AAPL|48.85%|Normal|
+|TSLA|49.83%|Normal|
+|Popcorn|48.05%|Normal|
+|Ford|45.85%|Normal|
+|AMD|55.83%|High|
+|KO|43.98%|Normal|
+|GME|59.95%|Insane|
+
+​
+
+Ok, let’s go!
+
+​
+
+[Nov 23th was a dark day, but less Short Volume??? Also box is off by one. :\(](https://preview.redd.it/jzm943ffx1581.jpg?width=780&format=pjpg&auto=webp&s=c2bcef3310fb8ea93ea353db02d78f4180983734)
+
+​
+
+[Net Short and their current Positions at the current Share price](https://preview.redd.it/hptios1xv1581.jpg?width=1664&format=pjpg&auto=webp&s=974af8fc13e3305b6629e43e58137ad9cdfc79d7)
+
+I had questions …
+
+**What the average number of shares shorted every day in 2021?**
+
+1,107,157 shares/day
+
+**What the average number of shares shorted every day since July 1st?**
+
+513,647 shares/day
+
+**What the average number of shares shorted every day this month?**
+
+499,647 shares/day
+
+**What does that cost them?**
+
+Nothing. Because they are coughing up phantom shares and taking $72M of real money and putting in their bank account. It does create an ‘obligation’ to repurchase those shorts later (cough cough) but in the meantime, there’s a liability and a pile of cash matching it, so they are net neutral on the trade until the share price starts moving. Same as how any trader conducts any normal Short selling.
+
+**Does the number of shares shorted each day correlate with the drop in price action?**
+
+No. Surprisingly.
+
+Take November 23rd for example. A terrible day with -13.59% drop in the share price, and yet Short Share Volume was nearly equal to Long Volume! This was surprising to me. I expected that naked Shorting the crap out of the stock would smash the price down. Well, it’s more correct to say that selling stock consumes the Level 2 ask and that moves the price down. What is being sold doesn’t really matter. I assume what they have done here is naked short some shares prior to such days and have a Hedgie buy the nakeds, they turn around and sell them back into the market at a later date to make them look like Long Volume selling. i.e. A wash sale. That way they can make it look like Apes are selling and the price *isn’t* dropping due to naked shorting. I think apes were probably too smooth-brained to fall for such an advanced level of misdirection, but I mention it here cause the lack of correlation was itself an interesting aspect.
+
+Regardless of whatever MM tricks they’re using, the total average short volume does not lie, they may save it up and wash it for their short attacks but in the end the numbers show they continue to relentlessly short the stock on the daily.
+
+**What does their position look like from Jan 28th until now?**
+
+They are up **$5 Billion** on their short position!
+
+​
+
+Before you start flipping poo at me, you should also know they were **DOWN** on their position on Nov 19th at a **massive** \-$15B loss when the stock was eighty bucks higher.
+
+What? Yeah, that is some serious price sensitivity there. Given the massive number of shorts and the current proximity to the average price they were entered at, $188, **small fluctuations** here cause multi-billion dollar swings in the position.
+
+Well, since the short volume numbers indicate they initiated their position as VERY HIGH levels, like 7.7M new shorts opened at $347 on January 27th. So long as we continue to trade below that price, those shorts are PROFITABLE. Not all their shorts were opened at that level, so to determine their current net position we need to consider how many shorts were opened (or covered) every single day at the average price for that day, keep a running tally of what their gain/loss looks like.
+
+**Total number of shorts added since Jan 27th:**
+
+*245,788,815*
+
+**Average share price for shorts added since Jan 27th:**
+
+$188
+
+That means that they start taking losses, cutting into their margin, at any price **above** $188.
+
+**Oook Oook, Compete Spatulative Bits Now …**
+
+I wasn’t going to include this but this is actually the entire reason I started this DD, to determine the MM’s pain threshold.
+
+Proceed with caution from here on … this is wild speculation.
+
+There are other DD’s out there that calculated these additional shorts. Yes 245M that’s over 3x the float, blah blah blah, but if they are using legal mechanisms to short and using tricky things to report a mere 13.59% SI then I don’t know what else I can add to that analysis. Go read one of those DD”s if that suits your bias. What I want to focus on here is how close they are to blowing up their margin, cause Marge ins’t gonna care about what SI you report, when it comes to money I trust the Banks are gonna be watching like a hawk. Despite the giganormous size of this short position, so long as the MM’s keep us below $188, it is a *profitable* position and you can’t margin call them.
+
+**How high can the Share Price rise before Marge calls?**
+
+Ok, I don’t know that. Tricky trickers gonna do tricks. But I’m gonna put my galvanized tin foil hat on and make one last assumption: The hyper-aggressive shorting that started Nov 23rd and drove the stock from $248 to $159 was necessary because it hit their pain threshold. Yes, that is a HUGE frikkin assumption and it might be totally wrong.
+
+The BABY stock spiked on Nov 1st adding an unexpected burst of buying pressure and apes were snapping up options like crazy. By Nov 23rd they were in the hole by -$13.9B when the share price hit $248.
+
+Perhaps the simply had to smash it to get their margin down. Yes, they dug the hole deeper by shorting *an additional 6M* since then, but below $188 the total position is in the green!
+
+**IF this was their so-called pain threshold, is there any supporting evidence that backs it up?**
+
+Maybe. We might have hit their pain threshold before actually. A few times.
+
+​
+
+[What happens when we cross the line?](https://preview.redd.it/1ponto66w1581.jpg?width=2794&format=pjpg&auto=webp&s=18f9afc5edffb965a730c03150d2b39b2f12baa7)
+
+The current position-neutral price for all their new shorts might be $188 today, but it has been decreasing every day since Jan 27th. As their short position has grown, it has become increasingly sensitive to fluctuations in the price action. Smaller increases in the share price multiplied by an ever-larger number of shares shorted are needed to hit that same $14B pain threshold.
+
+I drew in the line that represents the $14B pain threshold over the chart, set the slope to reflect the average increase in shares over that same time period. What I mean by this, is that the pain threshold is decreasing at a rate of $0.29 per day, $1.46 per week and was $38 higher at the end of June than Nov 24th.
+
+If current short volumes stay at current levels, the pain threshold drops $8 (to $240) over the next four weeks and every four weeks after that.
+
+​
+
+[Sensitive chart, look at it gently](https://preview.redd.it/nqb9ldycw1581.jpg?width=1696&format=pjpg&auto=webp&s=b218d68c20e932cc8620b8f742405e79e492be99)
+
+In the end we truly do not have any way to know what kind of losses they can tolerate.
+
+Looking at these numbers, yeah, I guess it makes sense to short the stock down to $188 so they don't get margin called. Another 6M shares in the hole to move the price down is worth it if you've got well over 250M shares shorted already.
+
+The current sustained buying pressure in the face of such relentless shorting means the walls are inevitably closing in here. To prevent margin calls they will need to keep shorting it and as the short position increases in size the pain threshold will continue to fall. Doom Loop scenario, but suggests a massive decrease in price will immediately precede the MOASS.
+
+In terms of proof-of-concept, let’s keep an eye on the share price and see if we see another *rejection in the price action at $240* over the next four weeks and again at $232 in the subsequent four weeks.
+
+**Sources** (Pls check my maths I am smooth sometimes ...)
+
+[Chart Exchange](https://chartexchange.com/symbol/nyse-gme/stats/)
+
+[Stonk Tracker](https://gme.crazyawesomecompany.com)
+
+[Yahoo has bizarre volume numbers](https://finance.yahoo.com/quote/GME)
+
+[Barchart](https://www.barchart.com/stocks/quotes/GME/price-history/historical)
+
+**TLDR; Shorts getting shorter every day. Hedgies start bleeding billions when the stock goes over $188. Buy, Hold, DRS!**
+Hello, i recently saw a text message Barclays has sent to its users saying that they will block any payments made to Binance to “help keep your money safe”. I find it insulting that they’re implying that we dont know how to manage our money and telling us how we can and cant spend OUR money whilst happily letting its users piss away their life savings on a gambling/betting site. I personally believe this is just an excuse as banks make their money by lending out money we keep in our savings and they’ve seen these outflows to exchanges like binance. 
+
+Im currently in the process of increasing my fiat-crypto bridges and getting signed up with other exchanges however i want to change to a bank that is more “Pro-Crypto”. I know this concept isnt exactly possible as they’re technically competitors but i heard that Halifax is pretty good, does anyone have any bank suggestions that wont tell me how i can and cant spend my money in the crypto space.
+Not really something I can crow about to friends and family, so crowing here... I'd been getting close to my FI targets, but I recently "found" some money I didn't know I had (a pension - yes, those still exist in a few places - from a place I worked a long time ago... I had known there was \*something\* there, but not how much. I recently found out and it was considerably more than I expected), and then just to confirm, I did an independent retirement readiness consultation that, while more conservative than my calcs, still concluded that I could retire.
+
+WOOHOO!
+
+Ok, I'm too old at 56 to call it retiring "early", but I'll take "early-ish".
+
+Still planning on working for another 6 months to take advantage of some RSU vests that I will use to buy a few toys, but I'll definitely be a "short-timer" (already have been for a while tbh)... wfh a bunch, use up vacation, shorter hours, etc.
+
+So jazzed to really be thinking in earnest now about my postFI life... I've read enough on this and other subrs etc to have great confidence that postFI is \*exactly\* the life I want to live.
+
+You all can make it too! (and probably younger than I did)
+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?
+
+​
+
+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
+
+​
+
+Thanks y'all, very helpful responses and I appreciate it. (And yes my boss is a great man.)
+From what I understand, one of the driving factors of the housing bubble was easy access to money, producing a glut of buyers against a fixed supply. Economics indicates that prices will go up based on market theory.
+
+With Stafford loans and easy access to education loans, getting money for a degree is *easier* than getting money for a house was. So there's a glut of buyers, and a fixed supply of seats entering college. 
+
+Wouldn't that mean that universities could raise tuition prices with no checking mechanism in place? 
+
+So looking at the growth of tuition over the past fifteen years, and considering that those tuition increases are unsupported by necessity (inflation has been low, interest rates have been low, fuel prices have generally been low, increases in efficiency through IT should have saved administrative costs, etc), what is the counter-argument to "tuition prices have gone up so much *as a direct result of* easy access to education money"?
+I live in Arizona and I just recently learned my mother passed away a couple hours away in Lake Havasu. 
+Anyways the funeral home wants me to pay 1800 dollars for cremation. They had me apply for the state to pay but they called and said I make to much money (35,000 dollars a year) 
+Needless to say I don't have $1800 dollars laying around to spend at all.
+They refused to set up payments and want the money by Tuesday. 
+What do I do??? 
+
+update 1: Thank you all so very much. 
+After talking with the county medical examiners office, They instructed me to ignore the Funeral home, and allow the state to cremate the body. She said the state may ask for money and at that point i can set up a payment plan (the funeral home offered didnt offer any payments of any sort and demanded it all upfront) 
+The Funeral home gave me NO OPTIONS on pricing were rude and attempted to pressure me into making a choice soon since it has been passed 30 days. 
+This is a new area of fraud I did not know about. A bare minimum life insurance plan would've saved me head ache here so make sure you leave something for somebody.
+
+I guess I have a new question. 
+How much will the State of Arizona charge me for if they are forced to do an abandon body cremation?
+It's literally a weed and grows like one. 
+
+>A recent Sunday afternoon at the Bridge City Collective cannabis shop in North Portland saw a steady flow of customers.
+
+>Little wonder: A gram of weed was selling for less than the price of a glass of wine.
+
+>The $4 and $5 grams enticed Scotty Saunders, a 24-year-old sporting a gray hoodie, to spend $88 picking out new products to try with a friend. "We've definitely seen a huge drop in prices," he says.
+
+>Across the wood-and-glass counter, Bridge City owner David Alport was less delighted. He says he's never sold marijuana this cheap before.
+
+...
+
+>It turns out Oregonians are good at growing cannabis—too good.
+
+>In February, state officials announced that 1.1 million pounds of cannabis flower were logged in the state's database.
+
+>If a million pounds sounds like a lot of pot, that's because it is: Last year, Oregonians smoked, vaped or otherwise consumed just under 340,000 pounds of legal bud.
+
+>That means Oregon farmers have grown three times what their clientele can smoke in a year.
+
+>Yet state documents show the number of Oregon weed farmers is poised to double this summer—without much regard to whether there's demand to fill.
+
+>The result? Prices are dropping to unprecedented lows in auction houses and on dispensary counters across the state.
+
+http://www.wweek.com/news/2018/04/18/oregon-grew-more-cannabis-than-customers-can-smoke-now-shops-and-farmers-are-left-with-mountains-of-unwanted-bud/
+I need a cash cow and a hedge against inflation. Both companies seem undervalued, BATS arguably is cheaper. My cash flow model gives me a possible 15/20% rate of return for BATS. Risks: I know however that Biden might ban menthol cigarettes, which account for a big chunk of their American products, and the Us accounts for more than half their earnings. I guess MO is in a similar situation (?) So, what you guys think? Which one is better? Is this a good investment?
+I read Mohnish Pabrai's "The Dhando Investor" last week. Pabrai wrote the book in 2006. In it, he talks up Joel Greenblatt quite a lot, second only to Buffett. And he talks about Greenblatt's highly concentrated portfolio strategy, only holding maybe 10 stocks at most.   
+
+
+Flash forward to today, and it's a completely different story. Gotham Asset Mgmt appears to own a tiny piece of just about everything. 1278 holdings according to [whalewisdom.com](https://whalewisdom.com)'s tracker. 
+
+​
+
+That's a big shift. Anyone know the story?
+What sector and/or geographical region do you believe is currently undervalued? 
+
+Energy, materials, industrials, and consumer discretionary are the sectors popping up on my screens the most. 
+
+Geographically, china seems to have the most bargains, if you don't mind searching there.
+Hello. Does anyone have any good tips on resources on how to judge different p/e ratios across different industries and on the value-growth axis? For example, what is an acceptable p/e when one looks at a growth company? How high can it be and still be a good buy from a value perspective?
+
+Example, I am looking in to Salesforce, and i believe it could be a decent buy, but p/e is at around 53-54..
+* Russia is going to attack Ukraine in a scorched earth "total war" reminiscent of Sherman's march.
+* The entire western world is going to rally around Ukraine and supply it with weapons, munitions, food and supplies while enacting suffocating sanctions on Russia.
+* Ukraine's defense will hold.
+* Brent crude will spike 35% between December 2021 and May 2022. Gas will be $4-5 per gallon in the US.
+* China will implement zero tolerance lock downs in major cities in early 2022, creating work stoppages akin to a general strike.
+* Various unmentionable alternative currencies will have their price slashed by half in the span of one week in May 2022.
+* Babies will die from contaminated baby food, leading to a nationwide US formula shortage.
+* Large parts of the globe, including India and Pakistan will be suffering an intense, protracted May 2022 heatwave.
+* Notre Dame cathedral is going to partially burn down during renovations.
+* A high-rise condo in Surfside, Florida will pancake, collapsing and killing those inside.
+* One of China's largest developers, Evergrande, is underwater and about to default.
+* Bill Hwang and Archegos Capital will lose $20 billion dollars of clients money in 10 days during March 2021.
+
+Looking at all the predictions and hindsight bias the last day or two is fascinating. Everybody seems to know what the fed ought to be doing. They're certain what it's already done is too little. Or too much. Or too late. It's definitely wrong, though. But they're certain what needs to happen now, if only Jay Powell would take their call.
+
+I'm curious. If you already divined these global events, ***why the hell didn't you speak up a year ago***?
+
+98 people died in Surfside who could be alive today if you'd just spoken up sooner! I'm sure Ukraine's children and elderly would have appreciated a heads up a few weeks before they were relegated to a living hellscape.
+Hello everyone, 
+
+Im a full time freelancer, have registered partnership firm too. My CA has told us to withdraw fixed amount from the business account to personal saving account as a salary. 
+
+But I have some other sources of freelancing income too, as I usually have enough savings in my personal account I sometimes skip withdrawing the salary amount from the business account. 
+
+Now my problem is, when I am applying for housing loan, should I apply it as Salaried or self employed? 
+
+If salaried, wouldn't they be looking at inconsistencies in the bank statement for salary amount? 
+
+If self employed, what details do they need and what things I should be keeping in my mind prior to processing the loan. 
+
+Thanks.
+Hi,
+
+I've been reading Factfulness, by Hans Rosling, and the book completely changed my perception of Africa. The author worked in the continent for several decades and thinks that the economies of Ghana, Nigeria, and Kenya have the most growth potential during the following decades, which led me to wonder if there were any ETFs on Africa I should be invested in. I currently don't own any emerging markets ETFs (I know, I should), but I don't think those include Africa. Do you own any? How are they performing? Are they physical or synthetic, and do they accumulate or distribute dividends? 
+
+Thank you
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all).
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+[Do Stock Prices Move Too Much to be 
+Justified by Subsequent Changes in Dividends? ](http://www.aeaweb.org/aer/top20/71.3.421-436.pdf)
+
+**Summary**
+
+> Standard models of asset market equilibrium imply that the value of a share of 
+corporate stock equals the present discounted value of that stock’s expected future 
+payouts. This paper applied an ingenious test of this present value relationship, 
+which compared the variance of annual stock price movements with the variance 
+in corporate dividend payouts, to the US equity market for the period 1870–1979. 
+The results suggested that historical stock price volatility was much greater than 
+the volatility of dividend payouts would appear to warrant. This empirical finding 
+stimulated a wide range of follow-on research exploring various aspects of the effcient markets hypothesis, testing for time-varying discount rates in capital markets, 
+and investigating the econometric properties of stock market returns and corporate 
+payouts.
+
+***
+
+This concludes our walkthrough of the AEA top 20! 
+
+Going forward, I'm asking the community to nominate papers for the article of the week. [Check out the nominations thread!](http://www.reddit.com/r/Economics/comments/23i67e/article_of_the_week_nominations_thread_for_may/).
+**TL;DR:** Rule 005 has removed the phrase allowing the transfer of securities during a pledge. This stops borrowed shares from being used for some shenanigans. It is a big deal.
+
+005 is not a minor clarification, despite the document explicitly saying so. They've straight up changed what the rule does. For anyone following the *intent* of the rules, it's no different. For anyone following the *words as they are written*, it's now a completely different rule - pretty much the exact opposite of what it was.
+
+Take a look at page 36-37 of [the 005 document](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf):
+
+​
+
+[Note that I have cut out the page break](https://preview.redd.it/kcj3hwyehi571.png?width=883&format=png&auto=webp&s=24c131765cf63f983aab67276f65a8289d1d11ca)
+
+This:
+
+>will make appropriate entries on its books **transferring the securities from the account of such depositor to
 the account of Pledgee** and shall maintain such securities in the account of Pledgee until instructed by Pledgee to release such securities
+
+Becomes this:
+
+>will make appropriate **entries on its books to indicate the pledge of the securities from such depositor to the Pledgee** and shall maintain such securities with a notation that the securities are pledged by the depositor to the Pledgee until instructed by Pledgee to release such securities 
+
+Notice that the clause about transferring the securities is gone? Yeah, that's not a minor clarification. The transfer of shares has been changed to an entry indicating a pledge. 
+
+Before: transfer the security to your account
+
+After: get a pledge entry on your books
+
+Given that our focus is on what shenanigans can be performed with the security in question, this is *not* a minor clarification. Now they get a pledge, not a security. For anyone following the rules, no real difference. For anyone abusing the security for shenanigans, now you don't get the security in your account.
+
+See this excerpt from page 30 of the 005 document:
+
+>This status **systemically prevents the Pledged position from being used to complete other transactions, which is consistent with the Pledgee’s Control over the Pledged Securities**, as discussed above. Likewise, the release of a Pledged position results in the removal of the notation of the Pledge status of the position and the position would become available to the Pledgor to complete other transactions.  
+
+Notice that the implementation of this rule will be key. It is now the *lender* of the securities that retains the security in their account. Previously, only the borrower was required to engage directly in the market manipulation - the lender just sent their share off without any responsibility for what it ended up doing. Now that the security remains in the lenders account, they can't just send it off to the SHF's to play dirty games with. I'm hopeful that this will make a difference by preventing the abusers from getting any further help in the form of shares lent by parties who are unwilling to directly engage in manipulation but will happily allow others to use their securities for the purpose. 
+
+All of this said, many of the problems that have come to light these past few months relate to the implementation and regulation of the rules rather than the actual rules themselves. I am optimistic that this is a big victory against corruption, but it may prove to be toothless in practice. 
+
+Important note: my incompetence may compromise the quality of any information in this post!
+
+Edit: see also [this](https://www.reddit.com/r/Superstonk/comments/ncnz1l/where_in_the_world_is_srdtc2021005_we_were_told/?utm_medium=android_app&utm_source=share) post from another user a month ago (as pointed out in the comments, the same points were made there - sorry, I was unaware of this or I would have cited in the initial posting!)
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+I feel like an idiot but I’m just now realizing that these two things are different (I think)? Can someone help explain this like I’m five? For context, my income prevents me from contributing directly to my Roth IRA but I did set up a mega backdoor contribution. However, it sounds like the backdoor roth is a separate contribution allowance and something I can do in tandem with the mega backdoor. Is that correct?
+Remember the Republicans shut down the government over an imaginary debt ceiling they just drew on the wall? They literally stopped governing over it. We're $25T in the red now, several times bigger in debt. 
+
+ [https://money.cnn.com/2013/01/23/news/economy/debt-ceiling-house-republicans/index.html](https://money.cnn.com/2013/01/23/news/economy/debt-ceiling-house-republicans/index.html)
+Hey all,
+
+My husband (36m) and I (34f) hit our FIRE number a couple years ago. Since then, we've kept working for "fun money" and actually splurged on a few things. (Mt. Everest! First new car ever!) But after the excitement wore off, we recognized how ridiculously lucky we are to be in this position, and we've started trying to give back however we can. I now teach classes and lead hikes for the Girl Scouts--something I've wanted to do for years. We've turned our yard into a mini farm and donate a lot of the food we produce. We're both really focused on environmental causes, so we're trying to "greenify" our city, helping to maintain trails and push more bike-friendly infrastructure. 
+
+For those of you who have FIRE'd (or are getting close) do you volunteer or give back to your community somehow? Do you find it more rewarding than kicking back and "retiring?" For anyone else who's environmentally-minded, are there any volunteer activities you can suggest? We're always looking for more.
+I have like £48k in savings, 35k in a one year fixed rate of 1.9%, 5k in a cash LISA, 7k in a savings account that I plan to move to my LISA overtime. I plan to use this for a mortgage for a house, when I eventually have the income, or a partner to get a mortgage with. But I am worried that it is losing value (and that they'll be a massive crash and it'll be worthless). I don't know what to do with this money to keep it safe I guess. I'm about to go back to university to do a master's so I won't be using it for a mortgage for at least 3 years, if I am lucky. 
+
+What can I do to help keep the value of this money in the meantime. Or is it just doomed to bleed value at the moment?
+
+EDIT: One year fixed rate is 1.9%, not 5%. I have no clue where I got that number from, just put the money away and have not been thinking about it until the year ends
+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
+So I see the conversations about what constitutes Fatfire and thought I'd go deeper into what it means to be Fat for me. This applies for me (30F) and hubby, along with 2 future kids.
+
+\-Travel every 2 months or so. One or two international trips a year.
+
+\-Middle of the road home in a MCOL area. Plus the same in a rural but close to outdoor activities location in the mountains.
+
+\-2 cars nothing fancy
+
+\-A few date nights a month along with some family dinners. Otherwise cooking high quality food. We love good steak fish etc.
+
+\-Hubby has a small but not insignificant  likelihood of a long-term degenerative disease. We have life insurance on both of us with provisions for Long Term care if we would need in house assistance for an extended time. This is something I have in place now, but am considering self insuring for. It does eat up a big chunk of the budget.
+
+\-Also priced out ACA PPO plans at Bronze and Gold levels for family of 4.
+
+\-We get the houses cleaned twice a month have people cut the grass for us.
+
+\-We love working out, being outside and playing golf.
+
+\-I wanted to at least consider college as an expense for the kids in case one of them thinks he wants to go to Harvard or something like that.
+
+With a WR of 3.25% this is I'm Fat at almost 8mm and Chubby around 6mm. I understand some people will look at these numbers and think they are crazy low and some crazy high, but its funny how these things add up. I am interested in comments about what they think of the numbers/priorities.
+
+​
+
+How does your Fat Compare to mine?
+
+High end is Fat; Low end is Chubby...
+
+Edit: Pasting from Excel is very difficult for me for some reason.
+
+​
+
+2021 priced, Gold PPO 4 people-		$2,100
+
+Life Insurance-			$2,200
+
+Travel-			$2,500/$4,000
+
+Groceries-			$800/$1,200
+
+"Rent"/Home repair-			$600/$750
+
+Home Insurance/Prop tax-			$500/$700
+
+Auto "Payment"-			$300/$400
+
+Restaurants-			$300/$400
+
+Auto Insurance-			$250/$500
+
+Gas/utilities-			$400/$550
+
+Alcohol-			$75/$100
+
+Phone-			$90/$150
+
+Gym/Trainer/Country Club-			$300/$500
+
+Cleaning Service/Grass-			$400/$600
+
+clothing-			$150/$250
+
+fast food/gas station garbage-			$30
+
+Total Monthly Budget-			$10,995/$14,430
+
+Yearly-			$131,940/$173,160
+
+Tax (20%)-			$26,388/$34,632
+
+Budget NW needed-			$4,871,631/$6,393,600
+
+College-			$250,000/$300,000
+
+House-			$400,000/$500,000
+
+Vacation house- 			$250,000/$450,000
+
+Total NW needed	$5,771,631	$7,643,600
+I'm actually quite surprised that Ripple overtaking ETH didn't have such a huge effect.
+
+I'm curious to know if we've been behind them for this long of a time period before, if so how long did it take to reclaim #2?
+
+Any other thoughts you'd like to share I'd appreciate.
+Looking to put up 20% to the most reasonable one.
+ 
+
+But please do not tell me that your coin/token is anything worth while when only thing going for your coin/token is a concept.
+ 
+
+Tell me why it's unique, it has a bright future, and how much % you invest in it!
+ 
+
+EDIT: rip inbox
+I just read about the post about falling for a scam at a bank, and wanted to share a story with a different kind of ending.
+
+I was coming out of Costco, back when it was new and not a zoo.  the parking lot was relatively empty, and this older guy was wandering around looking rather anxious, a bit confused and as if they were looking for something.  I asked him if he was ok, and he said he was supposed to meet his pastor and was getting panicky because he's afraid he missed him and doesn't have a car to the church.  I dig in some more, and turns out, at least *according to his story* that his pastor was going to give him some rent money before his family gets evicted from their apartment.
+
+Yeah, sounds pretty obvious scam, right, except he never asked me for help and really didn't volunteer much.  I sense some shame, definitely humility, and plenty of fear.   I dug in a bit more and found out what church; I know the place, it's 5 miles down the road. Figure out where he lives, and yep it's definitely the low cost part of town and there's plenty of subsidized housing there.  So I offer him a ride to the church to see if we can catch his pastor.   He hops in and is immediately profusely thanking me, like in a way that only people who really need help can.
+
+We get to the church; it's empty, locked, not a car in sight.  Fella starts crying on the spot.  Now folks, we've all seen children cry, but when a grown man cries in desperation it's something completely different.  Not crying in physical pain, but sheer desperation and loss and not knowing what to do.  Outside of funerals and the military I've only seen this when I was volunteering in shelters, kitchens and clinics in my youth.    So at this point either this guy has con game that deserves to be rewarded, or he's in genuine trouble for his family.  Find out he only needs a couple hundred (it's been over ten years, but I think it was around the 300 range)  dollars, so I get some cash and drive him to his apartment back in town.   the whole time the guy's genuinely just gushing the most sincerest relief and thanks, when we get to his apartment his wife comes out crying with thanks.   Absolutely no doubt in my mind I helped them prevent eviction and hopefully at least get stable, if just for another month.
+
+So anyhow, I guess the lesson is sometimes people really do need help, but it seems to me that the ones who need is the most are often the most reticent to ask and yes, of course you need to be very careful.  In this case, they weren't approaching anyone, I approached them, they didn't volunteer a story I had to draw out the details of what was going on, and they voluntarily took me to their house, I didn't simply hand over cash.
+
+​
+
+EDIT 1754 EST August 4th: Hey everyone, had to run some errands, I'm back.  I'm sorry about the post being removed and  I'm not sure what happened.  I hadn't removed it, and to me it all looked fine and I was replying to comments but apparently that wasn't the case.  I messaged the mods before I left to run errands and it seems be back and working ok now.   THE MODS BRING UP A REALLY IMPORTANT NOTE IN THEIR STICKIED COMMENT.  Please read it.  I wanted to share this one story as a bit of a ray of hope, but at the same time  I have family members who lost almost everything to professional cons.   Be careful out there.
+I’m 18 and don’t have a lot of money.
+
+Got a little over 7k and a little over 6k in TFSA.
+
+I downloaded wealthsimple ( if there are better investing apps or websites pls let me know) and I wanna start investing.
+
+The question I have is should I start right now or should I wait until I got more money ?
+https://7news.com.au/news/bushfires/red-cross-under-fire-for-withholding-two-thirds-of-bushfire-donations-c-660715.amp
+
+https://amp.smh.com.au/politics/federal/research-reveals-concerns-with-charities-over-bushfire-appeals-20200203-p53xcx.html
+
+https://mobile.abc.net.au/news/2020-01-23/bushfire-aid-row-continues-as-red-cross-attacked-again/11892062?pfmredir=sm
+
+I'm not even joking. If you're making bank today, don't let your friends sink with the ship. Charities already have enough money, Red Cross got 90 million from the Bushfires and only handed out 1/3 of it.
+
+Surely you can find people closer to home who really need the help rather than giving it to a bunch of numpty fucks in an office where 2/3 will be saved for a rainy day.
+WASHINGTON — The Internal Revenue Service and the U.S. Department of the Treasury announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15. Roughly 39 million households — covering 88% of children in the United States — are slated to begin receiving monthly payments without any further action required.
+
+IRS and Treasury also announced the increased CTC payments will be made on the 15th of each month unless the 15th falls on a weekend or holiday. Families who receive the credit by direct deposit can plan their budgets around receipt of the benefit. Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above.
+
+The maximum Child Tax Credit in 2021 to $3,600 for children under the age of 6 and to $3,000 per child for children between ages 6 and 17.
+
+Households covering more than 65 million children will receive the monthly CTC payments through direct deposit, paper check, or debit cards, and IRS and Treasury are committed to maximizing the use of direct deposit to ensure fast and secure delivery. While most taxpayers will not be required to take any action to receive their payments, Treasury and the IRS will continue outreach efforts with partner organizations over the coming months to make more families aware of their eligibility.
+
+Additional information for taxpayers on how they can access the Child Tax Credit will be available soon at [IRS.gov/childtaxcredit2021](https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021).
+12/7 update: https://www.reddit.com/r/wallstreetbets/comments/k8tbz0/recovered_4_months_40k_from_pltr_yolo/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
+
+
+
+I made this post last week showing my $340k PLTR yolo: [https://www.reddit.com/r/wallstreetbets/comments/k4eew6/340k\_pltr\_yolo/](https://www.reddit.com/r/wallstreetbets/comments/k4eew6/340k_pltr_yolo/)
+
+​
+
+Since then, my position has increased.
+
+As of right now:
+
+$312,828 in shares (13,100 shares)
+
+$53,865 in calls
+
+Net overall: Down $77,563.79 in shares
+
+Down $14,037 in calls  Total down: $91,600
+
+So in total, I have put in $450k in this.
+
+Proof of positions: [https://www.youtube.com/watch?v=xaZLK3hWEDs](https://www.youtube.com/watch?v=xaZLK3hWEDs)
+
+​
+
+What's my point here? If PLTR reaches $30 EOW, i'm dontaing $10k to charity with proof.  BUY BUY BUY BUY BUY BUY BUY 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+I started in Tradingview, then to Python, then Matlab, back to Python, and now that IB is on Tradingview, I’m considering going back to TV.
+
+Omg.  This is such a pain.
+I have a non-profit project that I am helping to build in Kampala, the capital of Uganda.    
+
+
+My family always wants to go to the beach, stay at nice places, all that BS.  If it makes the kids happy, then it makes me happy.  But you know what would make me happy?  Finishing that project in Uganda and seeing other cultures, not the tourist version of that culture.  I want to see real life.  I want to hug the people I am hoping to help.  I don't want to hear what the news says about a place.  I want to experience it.    
+
+
+So in light of that I made a decision to take my 7 year old boy and myself, and we are going to go to Uganda this spring.  
+
+That's what FatFIRE means to me.  I can say eff you to everything else and do what I want to do.
+The search: [https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-06-28&enddt=2021-06-29](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-06-28&enddt=2021-06-29)
+
+Well, nothing really interesting came out actually so I'll flag this as Education/Data instead of the usual News.
+
+But them I ran my script to update the NPORT-P data dump for 30 apr since some new NPORT's have been submitted:
+
+[https://docs.google.com/spreadsheets/d/1oVe2viQBOlgHKJL6qMnem3X3dReaBdgdRae05s8sZxE/edit#gid=1035308087](https://docs.google.com/spreadsheets/d/1oVe2viQBOlgHKJL6qMnem3X3dReaBdgdRae05s8sZxE/edit#gid=1035308087)
+
+And I was astonished of the data!
+
+[Yes, you read that right. They have more shares on loan than they hold.](https://preview.redd.it/il9sn9rw87871.png?width=1078&format=png&auto=webp&s=13c3dbd0b919843d2446abc97a51fc79bacd3b14)
+
+Now, we really need an adult here! Did these guys just filed with the SEC that they loaned more shares than they own?
+
+Then I went through the YTD data dump (one of the tabs in the doc) and there are cases where this happens but the differences are pretty small and might come from how the value on loan is calculated. As they don't disclose the number of shares on loan, I'm using this formula:
+
+    sharesOnLoan = valueOnLoan/(usdValue/sharesHeld)
+
+It worked so far, even for their previous fillings it worked.. could be an reporting error or the data is good but we need an adult.
+
+\---
+
+Do what you want with this info, could be nothing, could be good DD starting point for more wrinkled brain apes, I just like to search [SEC.gov](https://sec.gov/) and this is no kind of advice, this is written on the SEC website.
+
+Will look out for new updates throughout the day and update.
+
+Obligatory: 🚀🚀🚀
+
+**Edit:** Updated the data dump with a column of GME weight in the fund (percent) because I found it interestingly enough that for the two investco funds with bad data, the holdings are quite unusual (8% and 6%)
+
+**Edit2:** Did a little rabbit hole digging. This is the first filling URL: [https://www.sec.gov/Archives/edgar/data/0001209466/000175272421142046/0001752724-21-142046-index.html](https://www.sec.gov/Archives/edgar/data/0001209466/000175272421142046/0001752724-21-142046-index.html) 
+
+We have a ticker there, XSVM. good.
+
+So follow the CIK:
+
+[https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=S000003025](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=S000003025)
+
+Check previous fillings. GME is in there correctly reported and in different percentages...
+
+Search [etf.com](https://etf.com): [https://www.etf.com/XSVM#overview](https://www.etf.com/XSVM#overview) No mention on the GME position.
+
+Official website: [https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Institutional&ticker=XSVM](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Institutional&ticker=XSVM) No Mention on the GME position
+
+Checked the web archive. Just an archive on Jan 20, 2021: [http://web.archive.org/web/20210120095023/https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Institutional&ticker=XSVM](http://web.archive.org/web/20210120095023/https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Institutional&ticker=XSVM) No mention on the GME position.
+[link](https://www.cnbc.com/2020/07/08/bed-bath-beyond-bbby-reports-q1-2020-loss-200-store-closures.html)
+
+Bed Bath & Beyond said Wednesday its sales tumbled nearly 50% during its latest quarter, even as online sales surged more than 100% during April and May with consumers stocking up on cleaning supplies and home decor. 
+
+The company said it plans to permanently close roughly 200 of its namesake stores over the next two years, starting later in 2020, as it works toward getting back to profitability against the backdrop of the coronavirus pandemic. As of May 30, it operated a total of 1,478 stores, including 955 Bed Bath & Beyond shops. 
+
+Bed Bath — which also owns the chains buybuy Baby, Christmas Tree Shops and Harmon Face Values — said these actions should generate annual cost savings of between $250 million and $350 million, excluding related one-time costs.
+Like the title says, I have a line of credit worth $100k @ 2.2%, and am approved for a limit increase to $350k.  For some background I am in my late 20's, single, rent a house, cheap monthly car lease payment.  Current income is around $80-85k/yr.  When I finish my medical training in a year and a half this income will go up.
+
+I know borrowing money to invest is a controversial topic.  I'm kicking myself for not mobilizing it into the market 4 years ago when I initially got it, but I also had a lower income and was less comfortable with investing.  I spoke with a financial advisor but didn't get much useful advice for what its worth.
+
+My question is given the very low interest rate, current market environment and my own situation, I'd like to hear some thoughts on how you would try and take advantage of this line of credit, if at all?  Appreciate any input
+
+edit:  I should add that I've fully contributed to my TFSA  
+
+(not Yoloing into GME or AMC).
+This website runs a sentiment analysis on the comments in the daily trading thread and plots the sentiment for each ticker. It updates daily, but sometimes there are bugs because I haven't got a lot of experience in web dev, or with displaying information in this kind of format. **The comments considered count will not always match up to the total number of mentions plotted on the graph**, this is for two reasons: people will mention more than one ticker in a comment so you can get three or four ticker mentions from a single comment; secondly, a ticker is only plotted if it gets more than one mention (on the longer timeframe graphs), so comments will not be included on the graph if the ticker mentioned within isn't mentioned with a certain number of upvotes more than twice. This makes the graph way easier to read.
+
+Besides that, the site is very bare, as I have only been collecting data for a little while. Eventually I’ll update the site to allow you to view sentiment over time for a particular ticker, which is way more useful, in my opinion, because you could have some success using retail sentiment to optimise entry and exit time.
+
+I hope you get some use out of it, or at least find it interesting to look at a couple of days a week. More  features to come.
+
+At the moment, the website will likely break on phone screens or VERY small monitors, try requesting the desktop site, turning your phone on its side, or zooming out:  [asxbets.tools](https://asxbets.tools)
+
+Edit: Only comments with a certain number of upvotes are counted.
+I felt bad I was whining about working a job I didn't like and saving for something else when certain famous entrepreneurs claimed to have worked their entire 20s and never had a vacation. Delay gratification, that's the lesson and thought "yes, just work and it will pay off later." 
+
+Now the devil is in the details and I realized a lot of these "work. Grind. Hustle" talks all came from people who were working for themselves, doing something they love, and having fun doing it. This advice does not work for workers. We don't want to work 80 hours a week for someone else's business, especially if it's not compensating us extremely well. 
+
+Unless my job is something I love, and passionate about I won't go the extra mile (overtime, come in on day off, stay late).
+What was the hardest thing for you to overcome with regards to trading?
+
+Also, feel free to add opinions and suggestions relating to your journey as an FX trader. 
+
+No matter the level of knowledge, practice or experience, we can always learn more! 
+
+Looking forward to everyone’s inputs! :)
+**INTRODUCTION:**
+
+I think I'm connecting some dots here guys. I got my crayons sharpened.
+
+I was watching the old Superstonk interview with /u/dlauer, which in my opinion should have 10x as many views as it currently does have. I learned so much I forgot what my roommates name was. At the very very end of the interview, the host brought up probably the most important topic of the entire video and that is what we will be discussing right now. Some already have caught wind, as I've seen a few posts circling around. But it isn't enough. So lets get to it.  Don't worry, I'm writing this bitch up too for all you ballsack brained mofos BUT if you prefer to watch a few videos, watch the following links below - in order. You will probably be able to make an assumption of why I am bringing this up. But if not, come back and read the full post. Also I am kind of fucking drunk rn and this isn't financial advice or any advice for that matter I am just a schizophrenic talking to imaginary internet cavemen who like fish.
+
+* Here is the clip of the interview where the IEX gets brought up (with timestamp): [https://youtu.be/AYct0XX0uTU?t=3561](https://youtu.be/AYct0XX0uTU?t=3561) (about 4 or so minutes long but I would watch the interview to the end, or the entire interview imo)
+* Here is a mini documentary of what IEX is, how it is different and why it is good: [https://www.youtube.com/watch?v=d8BcCLLX4N4](https://www.youtube.com/watch?v=d8BcCLLX4N4) (about 5 minutes)
+* A clip of someone calling Fidelity customer service and asking them to add IEX as an exchange (with timestamp): [https://youtu.be/Q1sC6c6a4cI?t=433](https://youtu.be/Q1sC6c6a4cI?t=433) (about 1 minute)
+
+**THE DD:**
+
+Investors Exchange (IEX) is a stock exchange based in the United States. It was founded in 2012 in order to mitigate the effects of high-frequency trading. IEX was launched as a national securities exchange in September 2016. On October 24, 2017, IEX received regulatory approval from the SEC to list companies.  [**Volume**](https://www.google.com/search?rlz=1C1RXQR_enUS942US942&sxsrf=ALeKk02lNN7rIxwujJojYMX6pKahxKyQJQ:1629073616232&q=iex+volume&sa=X&ved=2ahUKEwjvy9SRpLTyAhWTK80KHZOaC9sQ6BMoADAfegQINBAC)**:** 334 million shares/day, market share 2.4%.  The genesis and early days of the exchange are chronicled in the 2014 book [*Flash Boys: A Wall Street Revolt*](https://en.wikipedia.org/wiki/Flash_Boys:_A_Wall_Street_Revolt) by [Michael Lewis](https://en.wikipedia.org/wiki/Michael_Lewis).  IEX's main innovation is a 38-mile (61 km) coil of [optical fiber](https://en.wikipedia.org/wiki/Optical_fiber) placed in front of its trading engine. This 350 microsecond delay adds a round-trip delay of 0.0007 seconds and is designed to negate the certain speed advantages utilized by some high-frequency traders.
+
+Last Friday, I logged into my Fidelity account and after 15 minutes of crying, I tried to place a trade with a route to IEX on Active Trader Pro. It wasn't available on the software as a direct routing option, nor is it available on your phone or website since neither have any direct routing capabilities available. Which by the way, this is how you get to that direct routing screen on the software if you do choose to download it (reference the picture below). I guess another side note while we are at it... in the event of MOASS, it probably would be a good idea to turn on Extended Hours trading on Fidelity if you haven't already. Google it... the application takes 5 seconds.
+
+https://preview.redd.it/qgsp7t4ramh71.png?width=409&format=png&auto=webp&s=3dbf76a174ab58efcc374ff373bf25e654957fee
+
+(link to download the software: [https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview](https://www.fidelity.com/trading/advanced-trading-tools/active-trader-pro/overview))
+
+Unfortunately, Fidelity currently does not support IEX as an exchange (yet). So, I called customer service to ask them if they could place the order for me. The customer service rep said, per the video I linked above, "You (currently) can't specifically route to IEX... I want to help you out but I can't even do it if I wanted to. It's not something that associates can do (currently)." So I responded by asking if he could put in a request/feedback to have the exchange routed. And of course, Fidelity customer service being Fidelity customer service the guy responded with "I'm more than happy, I give feedback for Active Trader Pro's software all the time :)." and then he invited me to his birthday party next week. What a guy. As well, the representative did confirm with me that a certain stonk was actively being traded on IEX per the live order book we were both viewing and Fidelity does execute on that exchange but only if they have the best offer, so adding it wouldn't be to big of a hassle.
+
+What is interesting about a customer telling his or her broker to add an exchange because they specifically want their order to execute on the exchange they specify when placing their order is a little rule (that /u/dlauer mentions in that video I linked) called FINRA-5310.08. Here is a link to that rule in its entirety: [https://www.finra.org/rules-guidance/rulebooks/finra-rules/5310](https://www.finra.org/rules-guidance/rulebooks/finra-rules/5310)
+
+and here is part of the rule that I want to zone in on:
+
+* **.08 Customer Instructions Regarding Order Handling.** If a member receives an unsolicited instruction from a customer to route that customer's order to a particular market for execution, the member is not required to make a best execution determination beyond the customer's specific instruction. Members are, however, still required to process that customer's order promptly and in accordance with the terms of the order. Where a customer has directed that an order be routed to another specific broker-dealer that is also a FINRA member, the receiving broker-dealer to which the order was directed would be required to meet the requirements of Rule 5310 with respect to its handling of the order.
+
+So Fidelity, you don't have IEX? Well tough shit boi I make the rules around here, tell the IT guys they working overtime tomorrow because I, as your customer, do not fully have access to a market I want to trade on and this is MERICA.
+
+So why is routing to IEX a good thing for our beloved stonk? Welp... for one... no dark pools bruh. No front running trades. Possible price improvement. In short, Power to the Players. I especially think that during MOASS, price improvement on IEX might be significant enough because of the price the stock might end up reaching. But the problem is, the exchange may not have enough liquidity and IEX isn't the only one to offer such price improvement (all exchanges are required execute at the National Best Bid). The difference is, there are no Algos trading on that exchange. And honestly, I've already read and heard theories that Algos will be completely shut off during MOASS due to the spread of bid ask being way to large for them to comprehend... but that's another subject my mental health does not have the capacity to cover. IDK man just saying shit out loud at this point. Anyway... if all of the stonk orders were moved over to IEX, it would eliminate the ability for hedgies to park our orders and remove the liquidity from the exchanges that may or may not be reflecting the true price of the stonk. Ultimately, this could unwind this womanipulation.
+
+Additionally, it is no surprise the amount of accounts that were opened with Fidelity over the past few months after the exodus from those other dumpster fires that call themselves brokers. So, this would give most access to IEX if it was added.
+
+This next section is for Canadians, sorry Americans. Sorry for saying sorry Canadians, I know that's your word. My bad. Here is the Canadian equivalent to IEX, NEO: [**https://www.neo.inc/en/home**](https://www.neo.inc/en/home)
+
+Mr. Davey Big Balls Lauer actually has a active role on that exchange, as he mentions in the video.
+
+**TLDR & CONCLUSION:**
+
+~the original tldr & conclusion has been deleted per request of MODS. Please make your own tldr and conclusion~
+Link to previous thread
+https://www.reddit.com/r/financialindependence/comments/8pv2yd/38msingle_23_million_submitted_my_resignation/
+
+So I quit this weekend. I was hoping to avoid why I was quitting getting out in my final weeks of work but between my boss and the two coworkers I'm closest to insisting to knowing why, it got out and now pretty much everyone knows. I was naive to think I could keep it a secret. I just told them I was retiring early for now, going to volunteer in Thailand and explore SE asia for the next year.
+
+Boss was floored, but he was happy for me. He offered for me to leave immediately but we both knew that would leave a mess so I will be around a few weeks. The majority of my coworkers have reacted with confusion and pessimism, as I expected. How can you afford to do this, you are not even 40 yet, did you win the lottery, so you traded a family life for this, and so forth. No one has been outwardly hostile to me but lots of people are either avoiding me or coming up and asking amusingly personal questions about my savings and family life. Lots of avoiding eye contact and frowns, lots of passive aggressive "you are going on permanent vacation so I won't bother you with this." I feel like I am in middle school again.
+
+The few people who I have judged over the years to be truly kind and decent people here have pretty much all privately told me how happy they are for me. That's been nice.
+
+[edit] Thanks for all the comments. True, I could have told a white lie or misleading, vague reason as to why I was leaving when asked by my boss and two coworkers. I'm a terrible liar, they would have seen right through it. If I they bought my lie, I would have still had to tell more lies when pressed for more details in my remaining time here. Who has the time or patience for that shit, right?
+
+Perhaps I could have done a better job just refusing to say why I am leaving. If I worked for a large company where I didn't see everyone else in the company every single day and there's that detachment there, that could work. This is a smaller business and my boss is a nice man who hired me out of college over a decade ago and who has taken care of me. True, I don't owe him anything and vice versa, but I'm not going to lie to him. I took a gamble that he wouldn't tell people and I lost. It is what it is.
+
+[edit 2] I have no desire to ever get married or have children, for reasons I have explains thoroughly in my previous threads. Having said that, I have no problem with people in here who strive for FIRE with their families. It is definitely still doable with a wife and children. Hell, you could definitely do it sooner if she is a high earner and frugal too, the tax benefits alone would be huge. I think it's wrong to project my values and expectations in life onto other people. I find it odd that so many people in this subreddit do so.
+
+[edit 3] Thx for the congratulations, I appreciate the kind words.
+Time to come together, time to research, time to plan. We probably would have been happy with a few thousand dollars bank in January, but because they stopped the squeeze we now have an extremely strong community of apes who are more informed than ever and committed to holding and only selling on the way down once we break 10M.
+
+Most importantly, we have learned so much about the corruption of the financial system and this has become more than just making some tendies, but exposing and bringing down this monster that is robbing working class Americans and small businesses. 
+
+Apes have the chance to change the future with the squeeze. I'm proud to be a part of this community and everything that has been accomplished so far. See you on the moon.
+First off - this community has been awesome to read and lurk on for me for months.  Reading through others’ situations has helped a ton, so thanks fatFIRE-ers. 
+
+I’m 35m, $1.3M NW, married, 2 kids, very little debt (one small-ish car payment).  I started this journey 6 years ago when my income was about $80k/yr and living in VHCOL area and was sick of being poor.  I set my sights on getting to $1.2M and making $400k/year by the time I’m 40 (basically a 10 year runway).  
+
+Well, I’m at my NW goal and rapidly getting to the annual income goal (on pace for $320k in 2022) after starting my own consulting firm and really hitting my stride quickly and bringing on some great accounts (that have been very successful engagements).  I’ll be honest, I’m not quite ready yet.  
+
+I’ve played the RE game really well, have 2 rentals and my primary residence.  Debt to equity % just crossed below 50% and that’s where $1M of my net worth sits.  The other $300k is in stocks mostly with a little bit of crypto holdings.  
+
+I’m putting my business in situations to be involved in deal flow and getting equity in start-ups that we help scale.  Im pursuing opportunities that can earn me outsized returns on my investments of time/energy/capital. 
+
+My new goal is to get to $5M liquid by age 45 and an additional 2 rental properties so that my cash flow from rentals is about $5k/month (but in long game gets to $10-15k/month by age 60 or so).  
+
+We are pretty frugal, drive older used cars that are reliable, we make sure our young kids have what they need and a few things they want, and we like to splurge occasionally on fancy nice groceries/food, cool shoes/clothes, and an occasional killer hotel for a few nights.  
+
+I have a great tax person, but no lawyer.  Awesome support system in family but no one else really to look up to and ask advice from that’s been in a similar wealth situation (I’m as middle class as it gets and so is my family). 
+
+My question here for everyone is - what else don’t I know? What else should I be doing/thinking about? Did anyone else get to this point quickly and not really know what to do next?
+Hello fellow Apes,
+
+**Obligatory Disclaimer: I am not a Financial Advisor, and this is not Financial Advice. Always do your own homework. That being said.. lets get started.**
+
+**TL,DR:** Hedies R FuQ. I used data from FTSE Russell's own Database 'Mergent Online' to calculate the current ownership numbers for GME... and my TITS ARE JACKED.
+
+I found some very interesting ownership numbers for GME today. I am using Mergent Online as my data source, which is produced by FTSE Russell.. yes the same FTSE Russell that runs the Russell 2000 Index, which GME is *currently* a part of.  I have access to Mergent through the university I am currently at while finishing my bachelors in Finance in a few months.
+
+Now before we get fully started on a simple ownership analysis.. I'm going to take us on a trip back to middle school math class and the dreaded topic of Algebra. Proportions and Cross Multiplying are a pretty simple topic and go something like this:
+
+​
+
+[Proportions and Cross Multiplication](https://preview.redd.it/mz00tbfuwy171.jpg?width=720&format=pjpg&auto=webp&s=8b5901da8109b43c71e29b3807a9a5637e8fb716)
+
+For making Ownership calculations we need a base to go off of. Mergent Online (once again information reported by the index that GME is a part of)  reports the ownership of GME at the following:
+
+[GME Ownership](https://preview.redd.it/6io407b6yy171.jpg?width=3634&format=pjpg&auto=webp&s=ea4aaabfb669429f115e1adb79cfdfbb65828caa)
+
+Mergent Online has **GME Shares Outstanding as 69,936,000**. We need to keep in mind that this is a number reported **as of 1/30/2021**. Since then, GME has made a secondary offering of 3,500,000 shares. This gives us an **Issuer-Stated Total Shares Outstanding of 73,436,000 or 73.436 Million shares.**
+
+Now that we know how many shares there are ***supposed*** to be, lets check out the Insider Ownership.
+
+​
+
+[GME Insider Ownership](https://preview.redd.it/9haw4oug0z171.jpg?width=3622&format=pjpg&auto=webp&s=14a97865a44e6a912bf5246a906f1219fde92345)
+
+We can see that the Insider Ownership is broken into two distinct categories: **Direct and Indirect Ownership**. Direct Ownership is when the shares are listed *directly* in your name, and not say.. in shelter company like **RC Ventures**. We will do two different calculations in order to display the situation correctly.
+
+Mergent lists the Direct Ownership at 8,057,864 shares totaling 11.52% ownership pie (we all like pies). This leaves 88.48% left over.. ***but  how many shares is that wrinkly brained ape?*** Lets put our trusty friend **Algebra** to the test.
+
+(11.52/8,057,864) = (88.46/X)
+
+11.52X=712,798,649.44   .. now to find X we divide each side by 11.52.
+
+X=61,874,882.76
+
+Now to check our math we add the 88.46% to the 11.52% to get a total ownership number.
+
+**Previously stated ownership: 69,936,000**
+
+8,057,864 + 61,874,882.76=  **69,932,746.76**
+
+To me.. being around 4,000 shares within the "Stated Shares Outstanding" checks out enough to me. To calculate the Free Float I added in the extra 3.5 million shares that were a part of the secondary offering **(total shares outstanding 73,436,000)**
+
+This would put GME at a **Free Float of 65,378,136 shares.**
+
+**BUT APE NO INCLUDE TENDIE MASTER!!** I know, we are getting there.
+
+\***RC Ventures WAS NOT listed on the "Direct Ownership" list. The Indirect Ownership is stated at 15,760,670 shares.**
+
+Adding the two 'Insider Ownerships' together gives us the following:
+
+8,057,864 + 15,760,670 = **23,818,534 for insider ownership**
+
+This new number would give us a **Free Float of 49,617,466 or 49 Million shares.**
+
+*Up until this point this is all stuff that we have basically already known.. its about to get a little more spicy.* Next we will cover the **Institutional Ownership** side. Now the Institutional numbers have always been wacky for GME, but I believe these next calculations provide insight into **just how big of a hole hedgies have dug themselves.**
+
+**GME Institutional Ownership- As Stated by Mergent FTSE Russell:**
+
+​
+
+[Hedgies R FuQ](https://preview.redd.it/z3kg7s9q5z171.jpg?width=3647&format=pjpg&auto=webp&s=dcd3b4b6e56200b41888ca0102fd80528de62b8e)
+
+**Two things IMMEDIATELY stand out to me: #1 Institutions own 56,158,356 shares.... AT 28.87% ownership.. WHAT?!?** This statistic is what is ***REPORTED*** to the index, these numbers definitely could be fudged.. but most likely to the downside and not the upside.
+
+***So smart Ape.. if Institutions own 28.87% of GME with 56M shares.. how many shares does everyone else (aka Insiders and Retail) own at 71.13%?*** Once again, our friend Algebra comes into play.
+
+(28.87/56,158,356) = (71.13/X)
+
+28.87X = 3,994,543,862.28   (now we divide each side by 28.87)
+
+**X= 138,363,140.36    or 138.36M shares.. GO APES!**
+
+If we then subtract out the higher Insider Ownership number (Direct + Indirect) this gives us a ***Retail Control*** **of 114,544,606.36 shares or 114 MILLION SHARES.**
+
+***What the Fuq did hedgies get themselves into?!?***
+
+Now according to the "Institutional Ownership" numbers I wanted to see around about how many **Naked Shorts** the firms had rehypothecated. To get the Total Shares Outstanding we would then add Institutional Ownership with Retail and Insider Ownership stats:
+
+56,158,356 + 138,363,140 = **194,521,496 shares.. 194 million fuqing shares.**
+
+So with the institutional numbers and the Issuer stated numbers I came to the conclusion that:
+
+194,521,496 - 73,436,000 = **121,085,496 or 121 MILLION SHARES NAKED**
+
+**What did Kenny get himself into.. well covering 121 MILLION shares he can't get his hands on because 114 MILLION are in the hands of Apes.**
+
+***Please keep in mind these are the reported numbers.. they could truly be MUCH higher.***
+
+I am always open to criticisms and questions/discussion.
+
+**Be Excellent and Rock on Fellow Apes.**
+
+\- H3RB
+
+Edit: Here is the  screen shot from above with the dates highlighted for the base calculations:
+
+​
+
+https://preview.redd.it/tr50evybjz171.jpg?width=3354&format=pjpg&auto=webp&s=8e1f8f284ff23268916cabf08369388a8b1947bd
+
+Edit 2: Full Screen Shots of Institutional Ownership Stats:
+
+​
+
+[Institutional Ownership 1](https://preview.redd.it/nwicrfepoz171.png?width=3693&format=png&auto=webp&s=473fcf5d17515aa04e6c6cc8150696426c04bba5)
+
+​
+
+[Institutional Ownership 2](https://preview.redd.it/dia9iacsoz171.png?width=3644&format=png&auto=webp&s=364688f6593f56bf6726ec2a440c2cc0b41877f5)
+
+Edit 3: Direct vs. Indirect Insider Ownership **RC Listed as Indirect**
+
+​
+
+[RC Listed as Indirect](https://preview.redd.it/oz019rwsxz171.jpg?width=3668&format=pjpg&auto=webp&s=861b89415e9b82028514b010ad6e0be7189705e1)
+
+EDIT 4 (5/29 afternoon): I am doing a more comprehensive review of ownership comparing the numbers reported by Mergent and FTSE Russell to those of: GameStop Proxy, Yahoo Finance Premium, FinteliO, Whale Wisdom, Koyfin, Fidelity Research, Nasdaq, CNNMoney, and MarketBeat (I think I named them all.. may be more I'll update as needed). I am trying to match numbers to see if I can find any discrepancies in data reported.  
+
+I have also contacted Mergent & FTSE Russell to try and see if I can get any information on *how* they source their information. On their website it states they have a **dedicated data team that updates the data live daily from multiple market sources**. I am not sure how true this is, but in the data columns it did say "as of 5/28/21". I will updated on any information about data sources that I receive. 
+Does managing these units require 24/7 coverage?  I was looking at getting more into passive income but I was wondering if I would be able to go on vacation for 2 weeks at a time without being state-side to tend to tenants.  I understand there are different levels of tenants and older homes require more maintenance but I'm just asking generally speaking.
+I wrote this in reply to a comment on another thread where someone claimed price withheld sales are usually stronger sale prices:
+
+Price withheld sales are likely generally weaker results than disclosed prices. 
+How do I know this empirically?
+ - I traced back through domain's auction clearance results in Syd between June 2018 and April 2021 taking 66 weeks of auction results between those dates.
+ - for each week I calculated the "price withheld rate" (PWR) of the sales in that week. E.g. if there were 1000 sales at auction and 150 were sold with price withheld then the PWR would be 15%.
+ - for each week, I calculated the forward 90 day percentage growth in Syd's hedonic index (I know the hedonic isn't perfect, but it gives a read on subsequent Price growth / falls following auction weeks).
+ - I calculated the correlation between the weekly PWR and the subsequent Price growth / falls over the subsequent 90 days which came out at -0.46. i.e. a higher rate of price withheld results is associated with lower subsequent Price growth as measured by Corelogic at a city-wide level.
+ - for each additional 10% in price withheld results, on average the subsequent 90 day price growth was lower by -1.9% (determined with a linear regression). P value for significance was 1.8% which is pretty convincing on only the 66 weeks of data I scraped (would be higher if I could be bothered manually scraping more data but this isn't my day job).
+
+Why does that make sense rationally?
+ - agents have a vested interest in making the market appear strong to convince more sellers into the market.
+ - agents are in a position to influence vendors to list their results as "price withheld". Note I am speaking generally, every case is different but there is definitely a systemic conflict of interest.
+
+Why did I do this anyway?
+Because I have way too much spare time and was curious haha.
+**Edit: Hey. So I’ve amended the image to more accurately say annual SAVINGS instead of annual salary, but the thumbnail on reddit isn’t updating. I’ve also included interest cost for a more realistic excess spending. You can see the [charts for recurring expenses and one-off expenses here.](https://imgur.com/a/tf2ySOD)**
+
+Something on [this post](https://www.reddit.com/r/financialindependence/comments/ntvfwk/any_one_here_have_a_net_worthlinked_wish_list/) got me thinking about what framework would be able to determine whether we could afford something. The post is meant to be light-hearted, but OP mentioned that at a net worth of $1 million, he would consider getting a Tesla. I got to wondering and created this [2-way table.](https://imgur.com/a/tf2ySOD)
+
+In short, it tells you what the effect of a one-off purchase would be on your net worth in 20 years. It's a little interesting for me to see how inelastic your long-term net worth is if the purchase is either a very small portion of your annual savings, or if it's a very small portion of your invested assets. If something is 2% of your net invested assets, it doesn't really matter that it's 100x your annual savings. That's probably not that surprising, but for intersections in the middle, like an expense that's 50% of your current net worth and 50% of your current annual savings, the effect on future net worth is probably not as intuitive.
+
+Personally, I'm thinking that if a one-off purchase decreases your long-term net worth by less than 3% and is something you do very infrequently, then you can afford it. Any thoughts on that? I suppose if your investable assets are scheduled to be well above what you need for a livable 4% in 20 years, you can make a purchase that haircuts you a bit more.  
+
+
+**Edit: Got some good feedback and I'll edit to make it more realistic and take into account interest cost as one cannot simply buy something for 50x income and annual savings.**
+
+**Additionally, I added a second chart to the 2-way table link which instead of a one-off purchase, shows the effect of a recurring annual expense through a 20 year period.**
+
+**Interestingly enough, we can sort of see the 4% rule appearing here. If you go to the bottom row, a ratio of spending being 100x income is effectively no income at all, kind of like retirement. And we can see that as long as this spending is less than 6% of the individual's investable assets, they still have money left over (the difference in net worth is not worse than -100% which is presumably a wipeout).** 
+
+**Granted, 6% is higher than the famed 4% SWR, but the period I looked at was for only 20 years and doesn't take into account the sequence of return risk.**
+This is reposted every couple of months, but it is useful to remember.  If you're a customer in good standing, banks will often waive fees on one condition: You have to ask. 
+
+I'm posting this now because my bank charged me $30 for going over my credit limit.  The following is the dialogue I had with my bank:
+
+Me: Hello, a few days ago I was charged $30 for going over my credit limit.  I was wondering if you guys could waive that for me. 
+
+Her: One second Mr. X... (10 second pass)... Okay, the fee has been waived.  Just be aware that your credit limit is $X and if you go over your credit limit, a fee will be automatically applied by the bank. Is there anything else I can help you with?
+
+Me: Nope, thank you. 
+
+Her: Have a good weekend
+
+That's it.  Call your bank if you have a fee that you don't want to pay!
+I am a lawyer about to start a job with a 100K salary increase (from 125K to 225K). I’m paying all my current bills with my current salary. I have 25k in savings, no credit card debt, and invested 100k with a financial adviser for retirement. 
+
+I also have 150K in student loans and loan on my condo for 250K (but is worth about 400K) with an interest rate of 3.25%. 
+
+What should I do with my salary increase?
+23 with a stable job, 42,000/yr with 1 yr of emergency savings and the same amount in Roth IRA, 401k, and stocks. 
+
+My roomate is moving and I am looking at signing a lease spending more to live in a 1br by myself. Decent 1br in the area start at around 1,100/mo which would be roughly 30% of my income with other utilities, bills, food, etc taking the other 20%. Thoughts on following the 50-30-20 rule, or how much should I prioritize savings over living comfortably?
+I have just had an odd experience this week with this bank.
+
+A couple of months ago I opened a bank account with them because of their competitive interest rates. A few days ago i got locked out of this account and when i enquire as to why i wasnt given a reason but instead was questioned (felt more like an interrogation) about this account. one of the questions that the lady kept repeating was why did i open the account and i kept giving her the same answer which she clearly didnt believe because she kept repeating it. After all that i decided to get money deposited into another account because i was shocked and unhappy with their service and then this morning the same lady calls me from a private number and tells me they have decided to close my bank account and this was a business decision and she cannot give a reason why. I then asked for an email just stating that the account has been closed and she is like they dont send out emails and it's in their terms and conditions. she also says that the only way for me to recover the funds left in the account is to raise a recall or something along those lines.
+
+I am surprised and shocked that this has happened and would like to know if anyone else has experienced such unprofessionalism and weirdness esp if its from Macquarie Bank?
+Long time lurker here. I've been in crypto for the last 4 years. In 2017 I held all the way through the bull market and then sat and watched my portfolio shrink to nothing as I was convinced the bull run had not finished. 
+
+Fortunately I was patient enough and endured the whole bear market and yesterday with the new ATH of ETH I was able to sell enough to pay off my mortgage and place an order for my dream sports car.
+
+I havent spoke on here much but I have lurked in the shadows from the start. Your posts and memes have got me through the bad times and helped me keep hold of my portfolio. Thank you to you all and I hope you are all in a similar situation!
+I'm new to options trading and still getting the hang of things. I often hear that theta decay is most effective when you sell an option with a 30-45 day expiration. What i don't get is, as far as I'm aware, theta decay is higher the closer and option is to expiration (which makes sense, each day gone is an increasing percentage of the total time left on the option). Is selling further out simply more advantageous because theta plays a bigger role in that time frame *relative* to IV? Also, if theta is used more 30-45 days out, why isn't it even more advantageous to sell even further out, like several months? I'm assuming the premium/time ration gets worse much further out? Thanks.
+ 
+
+You have a chart in front of you, a buy and sell button respectively, this basically gives you 50% of probability that if you open a buy or sell at any time your action will end up making money after sometime. "Sometime" adds new variables to the game and makes it more complicated: is knowing the direction for sometime, the market needs to move to increase profit or increase loss. You then go into the volatility reports for lets say EURUSD, and you see that during London session and New York session, it's the time where price statistically moves more, so there is where you want to be if you want to day trade (open and close trades in the same day), this can be also noticed if you zoom out for example M5 of almost any pairs, volume will be bigger in this two sessions. 
+
+Ok so you have statistics of at what times it may move big, you also know that it may not move or it may range the whole day, but definitely there is going to be big moves. If you analyse the past, with only for example a 30 MA, you will see the 50/50. What else do you need? To be in most of the times you are humanly able following the trend, if price is averaging over any average you want and see useful to add, why would you bet that is not going to average over/under it for some more time? Add a 1000 MA, what if you waited for each cross and traded it trend following? Here then comes a "must": money management = risk = stay in the game for long = you can lose multiple times and long term it's hard that you even lose 10% of your account. Start with the minimum risk, demo in 0.01. Why? If you can consistently win with 0.01 it's just a matter of optimizing the statistics your demo trading over time has thrown, money will come, lots of it, the amount your confidence as a trader can bear and ultimately because trading is so big and involves almost all of the aspects of your life and personality, your confidence as a human being can bear. But this is skipping to psychology.
+
+So, volatility, an average of some x periods to get the trend (not of the market but of the x periods in relation to the market and time, x is important, x can't be 2000 in M5), money management and time to play. What else? When will you close the trades? There are  multiple ways each one with pros and cons, price crossing the average (too slow sometimes), price hitting fibos (gotta have a method for plotting fibos the same time each time, check the "Do it yourself" section, 61.8 a.k.a 0.618 and 61.8, god made numbers), being this last one the one I like. Price plays with these levels, nothing magical about it, is just "nature", a forgotten and violated term these days IMHO. There it is, when to open with probability, when to close methodically, how to play your money so you last as long as you don't fail too much repeatedly. This results after studying Ralph Elliot's, W Gann's, Wykcoff's, Pesavento's, Gartley's, Carney's and some others WAY TO LOOK AT THE MARKET. They all found structure in price actions over time, they all understood natural patterns that occur, they all sat in front of some charts, used or created tools for handling those charts, in the end everything is so simple and easy that our minds, past, maybe present, the t.v, Instagram won't lets us succeed. Why? Your mind is your biggest enemy of what you want to do in life. How? Your past in someway defines you, defines what you are looking for in life. 
+
+​
+
+Psychology, establishment and relativity.
+
+​
+
+Mark Douglas introduced me (in his videos) to a new way of thinking towards trading. He speaks about beliefs, how they drives us in each decision we make each day from as simple as making coffee, having a bath,
+
+dressing nice or dressing in the first place. Beliefs are what makes your past define you today and tomorrow if you keep believing them. A wrong belief of yourself, a wrong belief of the world outside your eyes,
+
+a wrong belief of the market (you keep trusting other people about the market, in the end after loosing you trust no one), this leads to what lot's of gurus outside the financial world, will say: trust in 
+
+yourself. Forex gurus tell you to trust them, pay them so they'll unveil the secrets. No money can change your wrong mindset, that feeling in your chest each time you think about possibilities with Forex (euphoria, dangerous as f not only in forex), that belief that some magical indicator will come, some hidden code of some pro advanced indi if you are more realist, some guy with the answer. You are very alone in this world my friend, money will tear countries apart, cities apart, families apart. People will sell their face for some money, their name, in the end corrupt politicians that don't get caught will enjoy their feasts everyday, with their innocent childs, who see their daddy as their hero, this is not a fair world, what's fair in the first place? A human creation so we can live together in peace, but that's not reality we all know. We are evoluted chimps, we still feel what the cheetah feel's in front of his prey, we share 90% of DNA with most of mammals, as intelligent as we like to think we are, we can't delete our nature, our hunger, our fear, our needs, our instinct (the one rushes adrenaline when you know you are losing too much), because deep inside we all know whats right or wrong, the difference between people is whether you hear that voice, or you shut it with a nicer version. 90% of people in forex (not real statistics, the real number varies from broker hmmm brokers another shady topic), prefers the nice version long term, which results not profitable basically.
+
+It's your version (you + all gurus you've seen) not the version the market shows and the deep-you tries to alert.
+
+I headed far from an important topic: gurus telling to trust them, a killer market killing you, lots of misinformation around the WWW and you not believing in yourself. What else do you have to face the markets?
+
+You are in a triangle: broker (not so hard to get a nice one), market and yourself. Everything else is a lie until the person who is in any way selling you stuff, shows you his profitable record of more than 6 months in any financial instrument, that you look at yourself in the mirror and you can say I trust him, not I want to trust him (even if it's some of each, but hey everything involves risk). 
+
+LOOK AT THE CHARTS.
+
+Want to have "fast money" (intraday), look M1 to M30, even H1 for a bird's view, optimize your profitable and consistent demo results to that market; want to look charts once a day, trade D1, I'd say you don't even have to look at something bigger as it is big enough and you can go to H4 or H1 for finesse entries (can become a vicious circle, how much finesse is finesse?).
+
+It's all about trust, confidence and a good plan.
+
+Psychology of yourself is so vast, and so unique to each person that I would dare to say that if you are looking for the answer outside of you, you better befriend a trader who is today making money and pray that he literally gifts you his confidence (not his knowledge even if it can help, hi will be sharing his confidence). Your social mind will spawn the hype, the euphoria, you will succeed for a while, market will kill you sooner or later, you will help the market to kill your account. Why? Because your confidence wasn't real, it may be that that day, that week the market moved nicely, or you felt strong and super.
+
+How many gurus go live and say "hey today, as a human being, I don't feel great, I would not trade today?" none. They say market is not right ATM, cherry picking, they totally exploit that you can't go inside their screens and really know them, here comes the version you want to believe, you will tell yourself anything, you will tell anyone anything.
+
+Here to finish, I'll say that consistency in anything in life starts from yourself. If you can't be consistent everyday with yourself for a long period of time, you will find temporary jobs, temporary stuff, you will keep jumping from gurus, from strategies, you will create better versions on your head, just imagine what version a guru must have created to go and sell forex related stuff instead of searching for how to kill the markets, he may be doing both, in the end none of that will give you anything, you will end up being the stair to the gurus goals. Try to comprehend how human we are, how arrogant we are from a farmers perspective, how or evolution results in our minds plays us tricks, to think the government is real, to think there's order, justice, to think that we can achieve huge things with the help of  YouTube videos or paying another human being, the market is flow, manipulation is real (why call it manipulation when you would be doing the same in their shoes(big boys)) is part of the nature of anything you plot with Y and X axis (look for a graph of population changes, harmonics, double bottoms, double tops, in a population changes graph? how can that be?), it may be a cliche but is aaaaaaall an illusion guys, the truth is not good business for the other side of the trades.
+
+See you on the other side.
+
+"I'll be a big noise with all the big boys" 
+Oh no! Fake squeeze to $1,000!    
+
+Imagine every single call option $500 and under getting exercised all at once. At $1,000 all those options become essentially free to exercise. Even if you didn't have money (Ape-simple math) and "sold" half to cover costs, you would have 50 free shares per contract (that's not how it would really work, but the end result is the same).  
+  
+There are about 200,000 OTM/ITM call contracts right now. There are more, but simple math. If all those exercised that's 20 million shares that need to be bought. "Fake squeeze" doesn't pass 5 minutes of scrutiny, just from options. There are other reasons it doesn't make sense, but call options may be the easiest to understand.
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+In December 2018 I sold a business for mid 7 figures. Being burnt out after 15 years I did not intend to jump straight back into industry so decided instead to test an active vs passive investing strategy for a few years.
+
+I was a die hard efficient market / boglehead, but always enjoyed the process of stock picking, and being a hubristic \*\*\*\* decided on 50% SPY and 50% for a stock picking retail account. My background is private equity and I am comfortable doing deep dive research, building DCF models etc etc.
+
+50% went into SPY on 2nd Dec 2018 at 263. I did nothing to this account since. Dividends were auto-reinvested. 
+
+In the active account, I built a portfolio of small and micro cap stocks focussing on sectors I know well. The portfolio held 14 stocks after 21 months. A few have been turned over since with new ones added but generally the approach has been to buy and hold good businesses. Dividends were auto-reinvested. I spent 15 hours a week on research and analysis, so about **1380 hours** since Dec 2018.
+
+Since 3rd December 2018:
+
+*SPY with dividends reinvested has returned 21.5% annualised.*
+
+*The active portfolio has returned 25% annualised (incidentally with a higher sharpe ratio / lower max drawdown.* It has delivered in raw terms an additional $90,000 over the passive fund. Divide by 1380 hours = $65/hr. Worth it? Sure. If you enjoy something, and can do it ad-hoc from your own home, being paid $65/hr is a pretty good result, especially as that figure will compound over time, assuming continued results. I can share the portfolio and results on request.
+
+Beating the market is quite addictive of course. A boglehead would say 2 years proves nothing with regards to luck vs skill and I would agree. But I am more skeptical than before this experiment that EMH holds true enough at the small cap end of the market to make stock picking a waste of time. I will report back next December.
+As a newbie investor and trader I've been googling all these stock gurus and most of them are pretty shady. I was checking a twitter account called fake Guru or something, and there was a video of a stock guru showing off his new Mercedes, then he said off camera "Mom.. where is dad's car keys?" LoL
+
+Anyway, googling these stock "gurus" brings me to reddit 97.4% of the time. And everybody says "if you're a millionaire, why bother with these youtube videos?"
+
+~~If that's the case, if Warren Buffet is a billionaire, why does he write books to teach the masses? Is he also a scam? Obviously not. So what's the problem with making youtube videos if you're a successful trader? ~~
+
+Edit: just found out that apparently warren buffett never wrote a book.
+
+P.S. I agree that most of these guys are scams. It's just that argument that confuses me.
+EDIT UPDATE NEW ALLOCATIONS:
+
+
+**VTI**: 52%
+
+**VUG**: 16%
+
+**QQQM**: 8%
+
+**AVUV**: 8%
+
+**SMH**: 6%
+
+**VXUS**: 10% (international)
+
+
+
+----------------------------------------------
+
+Thinking the following:
+
+**VTI**: 56%
+
+**VUG**: 18%
+
+**QQQM**: 8%
+
+**QQQJ**: 8%
+
+**VXUS**: 10% (international)
+
+Any thoughts? I'm 26 y.o.
+EDIT UPDATE NEW ALLOCATIONS:
+
+
+**VTI**: 52%
+
+**VUG**: 16%
+
+**QQQM**: 8%
+
+**AVUV**: 8%
+
+**SMH**: 6%
+
+**VXUS**: 10% (international)
+
+
+
+----------------------------------------------
+
+Thinking the following:
+
+**VTI**: 56%
+
+**VUG**: 18%
+
+**QQQM**: 8%
+
+**QQQJ**: 8%
+
+**VXUS**: 10% (international)
+
+Any thoughts? I'm 26 y.o.
+afternoon all,  my daughter has been given 9k by the father in law, she has premium bonds which has one some small prizes. She takes an interest in looking after her money and making it work.  We have set up a T212 ISA.   
+
+My wife is completely risk adverse and doesn't want her to risk it, as she feels its more gambling, i've tried explaining to her and she would rather leave it in a bank account paying something like 0.10%  
+
+i've put together a investment pie and its very similar to the one i have,  mine is bit more heavy in clean energy and Robotics  and is also higher in SMT
+
+The plan is to hold for 10-15 years
+
+VWRL  36%
+
+VUSA  22%
+
+SMT 12%
+
+INRG 10%
+
+ROBO 10%
+
+VFEM 10%
+The rest of my money would be in smaller amounts for ETFs like Real Estate or Transportation.
+
+I looked at a bunch of ESG funds. I couldn’t find any that fit with my morals.
+
+I realized Tech, Finance, and Utilities are pretty much the only things I can morally invest in.
+
+How safe/screwed am I?
+Here's the deal:
+
+* We've been renting an older, outdated house in an AMAZING neighborhood for the last few years. This is the type of neighborhood we could see ourselves living in for the rest of our lives. Currently month-to-month on our lease.
+
+* Landlord comes to us a few months ago and says he wants to offload some of his properties since he lives far away and doesn't like driving so far over here to fix things. Offers to sell the house to us off-market. There's no rush and we tell him we'll think about it.
+
+* In the meantime, spouse gets a new job in a city about 2 hours away. It's a good job. Our combined income allows us to live comfortably and achieve our financial goals. His job is currently WFH due to COVID, but will be returning to in-person full-time starting around Sept/Oct. I will be permanently WFH and can go wherever.
+
+* We hate moving. We agree that the only way we move to this city 2 hrs away is if we can buy a house there so we can settle down for at least 5 years. However, the competition is absolutely insane and we've been outbid on every single decent house we've looked at. We don't feel confident that the market will get any easier by the time his job forces him to return.
+
+* Buying our current rental house would force spouse to quit his new job and find another one locally. That means subsisting on one income (mine) for potentially several months during this job search. Mortgage would be around $2800 all-included (PITI) and I make $117k by myself. Spouse currently makes $100k in a non-tech field.
+
+What is the more responsible decision here? Buy the rental, lose a really lucrative job, but satisfy our housing needs for the next 10+ years, or keep the job and move to this new (less desirable) city 2 hrs away?
+This took 3 months of pain. Goal is to have a script that I can go all in every signal and not go broke hunting for next big GME move (not shilling this stock, hopefully I'm not breaking any rules)  
+Requirements:  
+\-Uses 1hr maximum chart range on TradingView (goes back to 2015)  
+\-ONLY uses candle close price (no volume, no indicators, only price action baby)  
+\-MUST have more than 50 trades to get statistical significance I want
+
+Ok now tell me why this is a stupid idea :)
+
+[GME script](https://preview.redd.it/r6j5x4cuq8t61.png?width=1528&format=png&auto=webp&s=7abf0016aa513df5f5496cbe4318753e349d8061)
+
+Bonus I stumbled across this using the same model but I will not use it as it only has 6 trades in 6 years. Is that dumb? Is this better than more trades?
+
+[GME big profit](https://preview.redd.it/efj8j56vr8t61.png?width=1478&format=png&auto=webp&s=69e3700f3d84219b04db2fe5dbcd1d41fa53f966)
+Seeing a bad outlook for tesla and could see it fall alot lower. Even on this green day it was down almost 7% thinking about selling for a 25% loss and tax harvest, then put that money into a dividend stock. Any advice would be greatly appreciated. Thanks! Good luck to all.
+My wife is living with cancer and doesn't have long left to live, we're both 35. She is (otherwise) healthy, active, loving her life, and does not want to die. We really love our life together. She was diagnosed in Jan 2020, and it progressed to incurable in Dec/Jan 2021.
+
+I have a good flexible public sector employer and she is self employed/SEISS/accessing benefits.
+
+A few months ago her medical team signed a DS1500 form which gave her access to a range of DWP benefits very quickly ("you’re living with a terminal illness and your doctor or a medical professional has said you might have less than 6 months to live").
+
+We're thinking about her private defined contribution pension and wondering we could contribute some of our savings to it (using her unused allowance this/previous years), take advantage of the tax relief, and then withdraw the whole lot under the 'life expectancy less than a year' rules. This could give us a little extra money that we didn't realise we could access.
+
+The value of her assets will not get anywhere near inheritance tax levels, and we're married.
+
+She has a life insurance policy that pays if she lives (and dies) beyond January 2022, for £70k. We have a mortgage of £168k, affordability OKd/calculated on my salary alone.
+
+It's a terrible situation, and planning for death when young is so sad, but we're trying to not shy away from it and deal with things before she gets ill.
+
+All advice greatly appreciated (even non pension advice).
+I’m nervous, and would like as much info as people are willing to give. 
+
+I am just as much of a monkey as a lot of you seem and claim to be, the only difference is that I never invested anything.
+
+I invested on Freetrade (if that’s relevant).
+
+What can I expect to happen or what shall I do on specific circumstances? Eg if price drops, do I hold (not sell) if it rises enough, do I sell?
+
+
+Edit: Hell yeah I’ve already made £1.20 if I sell now, which I won’t don’t worry.
+Don’t worry, I know it goes down as well as up suddenly.
+
+UPDATE: I’ve bought .25 of a share to increase my holding to 1 full share, well, 1.01. Thanks for the advice everyone, it’s been helpful so far.
+I'm not positive that this is the right sub to ask, so if it's not I'll post it somewhere else.
+
+Okay, so here's the deal. On Sunday (9/16) I called T-Mobile to sign up for a plan a purchase a phone. Gave them my information, things were going along just fine, and then there was a snafu when they tried to process my payment. The rep tried a few times, and it still wasn't going through. We eventually figured out that Bank of America had flagged it for potential fraud and I had to manually approve it to get it to go through. I did, but the T-Mobile rep said they still had not been able to process my payment. 
+
+Except... the money was charged on my end. Three times. 
+
+The first one was automatically reversed by the bank, since it was flagged as potential fraud (as I understand it, I don't actually know if that's how it worked). The other two charges (798.84 each) have been in processing limbo since Sunday. Bank of America says they can't do anything until the charges post, and T-Mobile has been giving me the run around since Sunday night. I can't exactly blame the reps themselves for not knowing what to do, since the processing snafu on their end resulted in zero record  of the transaction. A T-Mobile account was not created for me and no order has been processed. What I am irate about is that the T-Mobile reps keep proposing solutions and then there is no follow up. 
+
+Wednesday they were supposed to send an email to both me and my bank detailing the situation, and they haven't.
+
+Today I got a hold of a supervisor who was supposed to investigate the situation and then call me back at 2:30. Guess what didn't happen. 
+
+I've now currently been on hold for an hour and a half with the financial department, and I have no idea what avenues are left for me to pursue. 
+
+Since the $1600 is still "processing" it hasn't left my account, but... it's not available to me, right? How do I get this resolved? I'll answer any questions to explain the situation more, but I'm starting to get seriously stressed about this. 
+
+Edit: My main concern is that this payment should not be taking 5 days to process, right? If I should give it more time to resolve itself I will, but at what point am I actually supposed to worry? 
+
+Update: Wow this really blew up, thank you everybody! Y’all were right, I just had to wait it out. I woke up this morning and the preauth/holds were gone! I have since then signed up for a credit card and I’m looking to change banks as well. 
+I am new to the community and completely alien to the concept of financial planning. That being said, I am working on saving money and living below my means #frugalityrocks
+Ideally speaking, how much % per paycheck/month one should be able to save?
+Hi folks! I'd like to ask if it's reasonable (or at least not crazy) to spend up to £2500 (worst case scenario) on rent in London (Canary Wharf or Islington/Highbury). 
+
+My salary will be £70,000 a year and I realised that I truly value well-planned places that can provide nice leisure activities, safety, beautiful views and short commute time (max 30 min).
+
+I've never been to London before so that's why I'm struggling to be sure if I'm mad to consider spending this amount of money just for rent (taking into consideration what's important to me rn).
+
+What do you think? Is it madness to do this based on my salary? (as I said, I don't know what's like to live in the UK or London).
+
+Thank you for any help that you can provide!
+Live in NYC. Business is a single-member LLC Internet business with no employees. Net profit annually is $400k. I have not elected to do the S-corp election "pay yourself $100k in salary / $300k in dividends to avoid self employment tax" thing that everyone says to do.
+
+Everything I read online says this is "worth it", starting at $50k in net profit, but then whenever I run the numbers, it's usually \~$5k in savings, for a mountain of additional paperwork and complexity.
+
+Am I missing something? Everything I read seems to forget:
+
+* Going from 0 employees to 1 employee has a cost - setting up a payroll system etc.
+* The fact that I'm in New York City likely adds additional weird considerations, taxes, liabilities, insurance etc.
+* TCJA QBI deductions are 20% of profit until 2025 - **this is huge!** s corp salary doesn't get this
+* SEP IRA contributions are 25% of profit up to $61k
+
+Am I an idiot, or does every S-Corp vs LLC tax calculator out there seem to miss out on the big picture here of the overall cost of making this switch? 
+
+I have run this by multiple CPAs, and they typically do the same thing - they run this basic calculation, tell me to do the S-corp, but then they forget about QBI and paperwork costs and say "oh".
+
+Have you done the S-corp election switch? Are you happy you did it, or do you regret it? What is your TOTAL savings, inclusive of software, operational, mental and opportunity costs?
+
+Please call me out on my BS if I have something wrong here. I'm desperately trying to find the right answer because [every time I read an article like this](https://gusto.com/blog/taxes/s-corp-tax-savings-calculator), I feel like I'm taking crazy pills.
+Within the past few hours, a screenshot of some shills on twitter hawking sticky floor stock price ceilings has gone viral on twitter and reddit, and it's getting everybody pretty fired up.   
+
+
+The whole thing seems super manipulative, so to stop and take a minute to call bullshit, I'd like to see some more facts before I get riled.   
+
+
+First, as of right now, I've yet to see any verified evidence that the screenshot is real. It's pretty easy to fake a screenshot of something like this, and I'd like more evidence that it's real before I get fired up.   
+
+
+Second, it's super manipulative. Which screams bullshit at me. It screams "give me attention over here" and frankly, I don't want to take my eyes off the price.   
+
+
+There are a lot of parties that might want to draw attention away from naked shorts and GME. This lands on both of this - it's about sticky floor stock, and it's set up to get people outraged.   
+
+
+It could also easily be somebody in popcorn stocks trying to fake names and it's not a real screenshot - what's Citadel going to do, call up the SEC and say "hey those aren't the names of our social media shill accounts that we use for market manipulation! Somebody is framing us!"?? Of course they're not, which makes them extra easy to not verify.   
+
+
+Somebody wants to manipulate us and draw attention away from GME and naked shorts which was gaining traction on LinkedIn.   
+
+
+And I say fuckem.   
+
+
+Gonna keep buying and holding GME, and also posting about it, and telling everybody I know that the market is corrupt and manipulated, and also that popcorn is a distraction.   
+
+
+In short, Fuck that post, fuck that tweet, fuck the shills, and don't get distracted by a new outrage machine.
+
+Edit: this comment has some good tidbits in it:
+
+https://www.reddit.com/r/Superstonk/comments/op3z6f/a_certain_twitter_screenshot_concerning_some/h63magd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3
+You've probably heard by now that, despite our best efforts, the U.S. Senate *failed to even vote* on any alternative to the horrible cryptocurrency provision that may kill the crypto industry in the U.S. This means that wallet producers, miners, Dapp creators, and basically everyone else will now require KYC of their customers/users or face harsh penalties from the IRS (the U.S. tax collector). These are the 6 Senators (listed in no particular order) who are responsible for the cryptocurrency disaster in the Infrastructure Bill. We will remember their actions and vote them out!
+
+**Rob Portman (R-OH)** – drafted the disastrous, original cryptocurrency provision. When Toomey, Wyden, and Lummis introduced an amendment to fix the provision, Rob Portman publicly supported their amendment before blindsiding everyone with his own, worse amendment. Portman has proved himself to be a puppet for Janet Yellen and Wall Street.
+
+**Mark Warner (D-VA)** – wrote the worse crypto amendment with Rob Portman, creating chaos in the Senate and causing Portman to recant his previous support of the Toomey/Wyden/Lummis amendment. Because the Toomey/Wyden/Lummis was bipartisan and already widely expected to pass, Mark Warner’s co-authorship of the Portman amendment gave the Portman/Warner/Sinema amendment bipartisan sponsorship, giving it legitimacy to contend the Toomey/Wyden/Lummis amendment.
+
+**Kyrsten Sinema (D-AZ)** – did not write the worse crypto amendment with Portman and Warner, but signed onto the amendment later to give it legitimacy. Kyrsten Sinema was one of the two leaders of the Senate Infrastructure Bill negotiations, along with Rob Portman. Once Sinema signed onto the Portman/Warner amendment, it became extremely difficult for other senators to publicly oppose the Portman/Warner/Sinema amendment, because it became a symbolic rejection of the Infrastructure Bill as a whole. This is why we only saw Republicans who already indicated they would vote against the Infrastructure Bill publicly commit to the better, Toomey/Wyden/Lummis amendment.
+
+**Bill Hagerty (R-TN)** – 99 out of 100 Senators voted to expedite the Infrastructure Bill, which would have led to an opportunity for proper consideration, debate, and voting on the cryptocurrency amendments. Bill Hagerty was the ONLY Senator to vote against expedition. This forced the Senate to either take a vote to end debate and force a vote on the *whole* Infrastructure Bill within 30 hours, or to take a recess until September 13, 2021. Once the Senate voted to end debate, it meant that the cryptocurrency amendments would not even be voted on without unanimous consent of all 100 Senators. Hagerty effectively increased the number of Senators who needed to support a crypto amendment from 60 to 100.
+
+**Richard Shelby (R-AL)** – 99 out of 100 Senators consented to vote on the mega-compromise Toomey/Lummis/Warner/Portman/Sinema amendment which was substantially similar to the good Toomey/Wyden/Lummis amendment. It was widely expected to pass, and we would have seen a resounding success. However, Richard Shelby was the ONLY Senator to refuse to consent, because he conditioned his consent on the Senate also approving $50 billion in military spending. When this idiotic ultimatum was rejected, Richard Shelby objected to the cryptocurrency amendment, leaving Portman’s disastrous, original cryptocurrency provision intact.
+
+**John Thune (R-SD)** – the Senate Minority Whip. His ONE job is to make sure that the Republican senators vote with party leadership. He failed this TWICE by allowing Bill Hagerty and Richard Shelby to block the crypto amendments. How hard could it be to get corrupt politicians to vote with a corrupt party? Just promise to give the Republicans candy if they vote with the party. I used that strategy to win my middle school student government election in a landslide.
+
+Also, fuck **Janet Yellen**. The unelected, 74-year-old Secretary of the Treasury was the person behind the cryptocurrency provision in the first place, as well as the Portman/Warner/Sinema amendment. It’s no surprise that the woman who took $7.2 million in speaking fees over the last two years (almost entirely from banks) was behind this attempt, at every step of the way, to systematically destroy cryptocurrency and DeFi. And of course, because she was unelected, we have no way to vote her out.
+My fellow ethhodlers - I made a similar comment in the daily discussion thread half an hour ago and a few of you wrote me in DMs that I should make an extra post so that more people see it.
+
+My opinion is that ETH can do everything that Bitcoin does and a lot more. Bitcoins plan was to be some kind of decentral internet money but since there are transaction fees >5$ it's sole purpose is to be a store of value. In my mind an asset which can lose 20% of it's value in an hour like yesterday is a pretty shitty store of value. At this moment bitcoins price is pure speculation, you can't use it for anything except speculation and I don't believe in its tech.
+
+ETHs price at the moment is speculation as well, we have to admit that. BUT the big difference is - there are already a few use cases out there, a lot of projects already started on the Ethereum Blockchain, big corporations are already looking for use cases for them and you can already write smart contracts on the ETH blockchain. This COULD change the world as we know it - Bitcoin would only be a new form of money.
+
+Bitcoin paved the way, we have to be thankful for that and now it's time for something with real world usage. I believe in ETH but I don't believe in BTC. If ETH crashes and never recovers I could live with it, at least I tried. But if I buy Bitcoin and it goes to zero I would ask myself why I was such a moron to invest in something i don't even think has a real-world-usage. Keep that in mind when you think about jumping the ship to the bitcoiners.
+Please remember that GameStop is sitting on almost a couple billion of cash on hand, if the price is dropping from Hedgie action, or there is some sort of sell off going on by an institution (doubt it, but if so fuck them anyways), GME will announce a share buyback in order to return value to shareholders and executive team, thus reducing the float and putting even more pressure on shorts.
+
+Price goes down to a $100? GME could buy the 5mil shares they just sold with half their raised cash. that's almost 10% of the float out of circulation.
+
+Scared GME is going to go back to $20 where a lot of analysts are putting it at? GME can remove 40% off the float with half the cash they just raised. This would almost double the reported short interest. (This, of course, would not happen as the stock is very illiquid as it is and any large purchase can send this to the moon.)
+
+Not only would apes buy the dip, but so will the company if they see that their share price is undervalued.
+
+If you believe in the future of this company, know that no amount of fuckery from SHFs will prevent the company from doing what's best for the company and the shareholders. They can't. Its all a mind game from now until they close their positions, we know it, they know it, RC knows it.
+
+In other words:
+
+Hedgies R Fuk
+If anyone went to an auction today I’d be interested to hear how it went.
+
+I went to an unrenovated 3 bedroom, 1 bathroom, 1 garage villa in Denistone East. I’d say there was about 7 different groups of people. Auction started, no bids. Vendor made a bid at $1.22m. Then a few mins later it was passed in with no more bids.
+
+The agent only went to speak with one elderly couple afterwards, which made me wonder if they were the ones registered.
+
+This would have to be the quickest auction I’ve been to.
+Trust in our Giga Chad RC. This man is up over 1/4 B today. 
+
+Close to a B on the week. Completely unphased. Calling out shills and shorts and being the meme/edge lord he was born to be. 
+
+Holy fuck, this is all hype. Wait till the money talks and we are all buying whiskey. 
+
+DCA folks. Buy fractional shares if you can't afford them. Rocket is not even on the launch pad. 
+
+It's been an honor my apes. Guys, gals, theys, and gays. Right, left, centrist, apathetic. None of that matters here. 
+
+All People Equal! APEs strong together. 
+
+This war is not over. Not until APEs take GME private. 
+
+The fomo will be unreal once the rest of the world realises that they won't be able to buy shares even if they want to. 
+
+It's been an honor.
+Hey UKPF,
+
+I’m going to be loaning a friend a fair chunk of money (under £4000) across a few months. I fully trust them. However, putting this in writing would give me piece of mind it means I’m protected if things go south.
+
+Would a free online loan template suffice for this kind of agreement, would it offer me any kind of protection or should I look at alternatives to collect evidence?
+
+Want to stress this is just to cover my arse, I’m not expecting it to end in tears.
+So a little background... I am now 28 years old. In March 2020 I had about 45k sitting in my bank account, I had no idea about anything stock market and YOLO'd all 45k in. I am sitting at about 90k in unrealized capital gains right now.
+
+A large chunk is in one stock CZR (70k) worth. I know I need to spread this money out. I was thinking about rolling my entire portfolio over into dividend stocks and keep reinvesting. 
+
+I have 0 debt, put 1k a month into a mutual fund, put 15% plus 5% match into 401k. 15k in cash. Looking to go into rental real estate using BRRRR method currently. 
+
+Anyway, I have a decent sized portfolio and it was luck and I want to transition this into something that is diverse. Is going with a private professional broker a decent idea? Or should I be looking to do this myself?
+Follower of the thread for over a year now. I understand the concept of why the stock is so powerful, but why is this a perfect option for someone looking to hold for 5-10+ years? 
+
+Thank you to everyone who takes the time to respond to this.
+"I FINALLY paid off $8 of credit card debt in 2 years while making $95k!"
+
+"My Grandfather, the CEO of a prestigious candy bar company, left me 250k after he died! Should I visit all 490 countries or start a boutique pickle company?"
+
+I'm exaggerating here, but growing up poor, some of the headlines on personalfinance have screamed "First world problems!" at times, and helped to reinforce the kind of uncertainty and anxiety I had as a Poor. I couldn't help but think that being secure in my own life was a pipe dream.
+
+As a foreword, I wanted to write to this post as a sort of tribute to r/pf (and r/frugal) because of all the invaluable information I've learned from it over the past few years, and how I've applied those lessons to my own life. But I also wanted to write this for those people who, like me, happened to be born poor, isolated, or desperate to escape your circumstances.
+
+A bit about me: I was raised by a single mother in a working class neighborhood in a large American city. She, my sister, and I lived for many years on a meager social security check we received each month because my father died young, and my sister had Down's Syndrome. 
+
+Finances eased after my mom remarried (to a factory worker), until working class wages stalled in the late 90's and completely cratered around 2008. I received no financial education as a child--I had to google how to write a check at 22 because no one ever thought to tell me. I was also imbued with a healthy distrust of authority. 
+
+Like many of you, I was considered a Child of Promise. It was a foregone conclusion that I would attend college. I was the shining star of the neighborhood, after all, and it was a powerful statement that I was bettering myself. As a first generation college student, coming from a working class school, no one questioned my major (writing), or my school choice (a private art school). I was 17 years old, unwittingly signing up for $80,000 of student loans. 
+
+I was academically prepared for college, sure, but socially I was completely out of my element. Is this story starting to sound familiar? I know now that I'm not alone, not by a long shot. 
+
+I didn't understand the value of making connections. I couldn't take that life changing internship because I worked part-time at my stepfather's factory. I graduated in 2011, right around the most stagnant labor market in 30 years. Saddled with debt and uncertainty, I did what many do:
+
+I didn't pay my loans, I wandered aimlessly, I battled anxiety like a full-time job. It wasn't until several years later, a move across the country (and back) that I started to get my life together. Thanks, in no small part to this sub and others that stressed financial planning, accountability, and discipline.
+
+But what nagged me was that while many people here posted about building something that lasts, I and millions of others were simply working towards that ever elusive 0: no debts, no masters. In fact, I still am. 
+
+What follows is an incomplete list of things I've learned as someone born under the line, that they never taught us in school. That they never taught us at home. That I hope will help you 
+
+1) **No one is coming** - It took a long time to let this one fully sink in. There will be no salvation. I don't mean this in a fatalistic way, just as a matter of fact. No one will pull you from poverty or desperation. Those lottery numbers aren't coming in. Your lady whose house you clean isn't leaving her money to you. The world is indifferent to your suffering. 
+
+I found this freeing: It is solely up to you.
+
+2) **Adapt** Outside of maybe 6 fields, most jobs and careers are teachable to anybody with an 8th grade education. In a sea of equally qualified candidates, you will only stand out as a personality fit. This was a hard pill to swallow as a young person. I lacked social skills, and leaned heavily on my immaculate resume. What an employer really wants is a "3am guy." Someone who they don't want to murder on a late night, when the deadline's coming. Someone they can depend on, joke with.  
+
+
+Put yourself out there
+
+3) **You're not the only fuckup** I let my student loans default in my early 20's because I was literally too afraid to pick up the phone. When you're born poor, your standing is all you have, and the feeling of failure can be immense, unbearable. But you're not the only person struggling. These companies know the system is held afloat by a few top earners and the rest of us paying what we can when we can. Make the call, get your shit straightened out. You'll find them willing to help 9 times out of 10.
+
+4) **Lie** I assume this will be the most controversial point. I have lied on every resume I've ever written. I've lied in every interview I've ever taken. You will not get ahead over someone who has the time and means to perfect themselves. It simply will not happen. Lie, be charming, confident. Lie like your livelihood depends on it. It does. But know that you are now accountable to your lies. Be able to back them up with results. You will not get ahead by luck. The odds say you're not getting ahead at all. 
+
+5) **You have more skills than you realize.** Poor people have a fear of failure ingrained into their psyche because the stakes are real, and many become bitter of people for whom failure is just a minor setback. But failure, true failure, is the greatest learning experience in the world. No rich kid has ever had to come up with $200 by rent day, keep the lights on, find a way to get to work or, pay for a funeral on a line cook's wage. These are the skills to run a business, to run a family, to run your life. You are hungry, and you are sharp. No one can take that away from you. 
+
+6) **Don't become bitter.** This is the most important part. The world, despite how it sometimes feels, is amoral. Love. Grow. Hope. But be prepared. 
+
+
+I'd just like to thank the good contributors here over the years for all their help over the years. To all my fellow poors, you're not alone.
+
+Feel free to add more in the comments!
+
+
+Edit 6/3/17 - I just wanted to say thank you to everyone that's seen this post, and thanks to the countless people who have sent me such kind messages, and for the reddit gold as well. As a writer, it's immensely gratifying to know that one person has actually read your work, let alone 90,000 and counting. 
+
+
+
+
+I wanted to share an approach to other newbies like myself that helped me make some breakthroughs because I felt stranded for such a long time and this helped me get out of my learning slump.
+
+1. **Don't pay for anything, just watch free content.**
+2. Watch a thousand hours of tutorials.
+3. When you run out move on.
+4. Avoid videos that focus on indicator trading vs using EMA to measure desired extensions.
+5. Prioritize people who have live trade examples and talk through those trades.
+
+Trades futures and posts recordings along with QnA's
+[https://www.youtube.com/c/DayTraderNextDoor](https://www.youtube.com/c/DayTraderNextDoor)
+
+MACD trading on micro futures
+[https://www.youtube.com/c/DayTradingMicroFutures](https://www.youtube.com/c/DayTradingMicroFutures)
+
+Relative strength/weakness and trading ES breakouts (market recommendations) this guy REALLY loves price action
+[https://www.youtube.com/c/OneOption](https://www.youtube.com/c/OneOption)
+
+TheProfessor1970 Ichimoku Cloud (check his twitter for live trading)[https://www.youtube.com/channel/UCC3p45d\_xBEnBgxHIAB3wow](https://www.youtube.com/channel/UCC3p45d_xBEnBgxHIAB3wow)
+
+LargeCapDayTrader (daily level to daily level, really good stuff here)
+[https://www.youtube.com/c/LargeCapDayTrader](https://www.youtube.com/c/LargeCapDayTrader)
+
+Live Traders
+[https://www.youtube.com/c/LivetradersNet](https://www.youtube.com/c/LivetradersNet)
+
+Oliver Velez
+[https://www.youtube.com/c/OliverVelezTrading](https://www.youtube.com/c/OliverVelezTrading)
+
+IAmTraderJoe
+[https://www.youtube.com/channel/UC01nYK-SCFblWCQS0EVMJxA](https://www.youtube.com/channel/UC01nYK-SCFblWCQS0EVMJxA)
+
+Ukspreadbetting
+[https://www.youtube.com/c/ukspreadbetting](https://www.youtube.com/c/ukspreadbetting)
+
+Liquidity runs
+[https://www.youtube.com/c/InnerCircleTrader](https://www.youtube.com/c/InnerCircleTrader)
+
+Good trading technique on price action
+[https://www.youtube.com/c/TheTradingChannel](https://www.youtube.com/c/TheTradingChannel)
+
+Thomas Wade futures scalping
+[https://youtube.com/c/ThomasWade](https://youtube.com/c/ThomasWade)
+
+PATs trading system, futures scalping
+[https://youtube.com/@PATsTrading](https://youtube.com/@PATsTrading)
+
+A few strategies, cycling momentum and mean reversions
+[https://www.youtube.com/c/TopDogTrading](https://www.youtube.com/c/TopDogTrading)
+
+Forex focused, covers everything  
+[https://www.youtube.com/c/Tradeciety](https://www.youtube.com/c/Tradeciety)
+
+Supply and demand scalping us100  
+[https://www.youtube.com/c/DayTradingAddict](https://www.youtube.com/c/DayTradingAddict)
+
+Forex, good trading technique
+[https://www.youtube.com/c/TheMovingAverage](https://www.youtube.com/c/TheMovingAverage)
+
+Covers a lot of stuff  
+[https://www.youtube.com/c/SamuraiTrader\_iamadaytrader-com](https://www.youtube.com/c/SamuraiTrader_iamadaytrader-com)
+
+Mostly swing trading but focuses on trend following techniques (the market is fractal)
+[https://www.youtube.com/c/TradeWithTrend/featured](https://www.youtube.com/c/TradeWithTrend/featured)
+
+Trade strategy backtesting
+[https://www.youtube.com/c/TradeIQ](https://www.youtube.com/c/TradeIQ)
+
+Trade strategy backtesting
+[https://www.youtube.com/c/TRADINGRUSH](https://www.youtube.com/c/TRADINGRUSH)
+
+Shout out to u/daytradingguy for repeatedly recommending this in his comments.  I think I became silo'd which attributed to not being able to make real progress and dumping knowledge on myself really opened this up for me.
+
+If you have a channel (not your personal one) please share because **education is game changing**.
+Good Morning, Afternoon & Evening Apes!
+
+First of all - Thank you to all those kind people that commented and messaged me after my post about some of the inner workings of the media world. I had so many very interesting people reach out - it really is fascinating how many people from all walks of life are here among us.
+
+If you missed it - [you can read it here](https://www.reddit.com/r/Superstonk/comments/ojhgph/a_journalists_view_on_gme/)
+
+Second - before I get into the main body about this post I wanted to address some of the people that said I was a fraud, fake etc.
+
+As requested - I provided undeniable proof to u/broccaaa
+
+This included 10 years worth of press passes, journalist entry visas for multiple countries in Asia, North America, Europe & The Middle East, along with pictures of my awards with the u/Broccaaa user name next to them. I totally understand the desire for proof - and I delivered that to an admin of the page.
+
+For those who were trying to deconstruct my post and looked for grammatical mistakes and "syntax" issues with how I construct a sentence - You're right! I am a horrible writer. Many of you seem to have it in your head that you MUST be able to write perfectly to be a journalist - this is simply not true. Even the ones that are "writers" many time are not the best at putting pen to paper... it takes a team for stories to come out. Editors, Sub Editors, Writers, Management, Lawyers. When you see a story on the TV or in a newspaper, dozens, sometimes hundreds of people could have been involved in what you are watching. Everyone is a cog in the system to make the machine work.  So yeah - I'm not the best writer. Many of you are also assuming English is my first language as well... so I will leave it at that.
+
+And to the one guy that said there was no way I could be a journalist because I swore in my post - Holy Fuck. Your mind would explode if you worked a day in a news organisation.
+
+**A QUICK HISTORY LESSON - THE BIRTH OF SOCIAL MEDIA IN THE NEWSROOM**
+
+We live in an AMAZING time. Every thing that is ever muttered on television or written online is saved forever.
+
+It use to be the case not that long ago that once a news segment went to air - that was it. It would never, ever be seen again. That interview with that "xyz politician" was on TV just once. There was no ability for the average citizen to fact check someone about what they said, or a promise they made - because the evidence of anything that was said was locked away in the TV Archives department. Same goes with newspapers & magazines - most people would keep a newspaper for a day or two, and after that it was gone.
+
+Now - with the power of both people and the internet, everything lives forever - for better or for worse.
+
+Many people within news organisations still don't really live in this reality - that everything that is said lives forever.
+
+Quick story time - when Facebook, YouTube, Twitter started coming out in 2004 onwards - I was a very early user. I went to upper management at a few of the companies I worked for and told them we needed to have a Facebook page for share news stories, or needed a YouTube page to share interviews & stories.
+
+These companies love control over their product. They love to control the content and when it comes out, and how it was distributed. The idea that something could be pushed out live to the whole world and never be deleted was a very scary, and foreign concept for some of these people. I was told multiple times when I went into these meetings trying to get these organisations onto social media "People can just go to our website, they can find what we publish there" There was a famous case a few years ago where something happened on a large TV Network and it was all over YouTube - behind the scenes one of the older executives demanded and was screaming that the footage must be taken down from "the internet" - with no comprehension that this is impossible. In their mind - if you wanted it deleted, it would just be deleted.
+
+**THE MYSTERIOUS CASE OF THE CNBC INTERVIEWS PART 1 - GME HEARING**
+
+Okay, now we have that out of the way - I wanted to tell you my thoughts on these mysterious interviews... there is WAY more going on here then meets the eye.
+
+Let me go through the process of a video and how it ends up on YouTube, Social Media etc.
+
+All major media organisations now have specialists that work purely on social media. They are teams of people that develop content that will get traction on social media, with the goal being to click through to the website to read the story / watch the video etc. Or if it's a pre recorded interview, you might tease out a few juicy parts from the interview on social to get people talking - with the idea being to promote a story or interview that will be on in the morning.
+
+Now - let's say I was a senior person on shift at CNBC social desk on 3/17/2021 when the hearing into GameStop was happening on Capitol Hill.
+
+This is a such an easy upload for me - first of all because there this is a public hearing, there is no copyright issues to deal with.
+
+Second of all it's just one big video. Hours and hours of hearing - I would probably edit out the bathroom / lunch breaks, but as for the content - just let it run! This is not a highlight reel of the hearing, or a summary piece. It's like a press conference that a the White House would give, I simply tell the video editors to cut the top to where it starts, and the end when it finished. Done - I can go to the vending machine and get a soda.
+
+**This is where it gets really fucking weird.**
+
+As many of you know - there was VERY important details cut from this hearing.[Here is a side by side view](https://www.reddit.com/r/GME/comments/m7vbli/video_proof_cnbc_edited_the_hearing_to_protect/)
+
+[And here is a bit about what was cut out](https://bettermarkets.com/newsroom/cnbc-posts-edited-video-house-financial-services-gamestop-hearing-deleting-dennis-kelleher)
+
+There is ZERO logical reason if I was uploading an entire press conference, or congressional hearing to cut out just one little bit.
+
+If I was doing a highlight reel, I would get the timecodes of the best parts of the hearing - and I would hand them to a video editor.
+
+So for example I would send an email to a video editor;
+
+*Hey Bob the Video Editor,*
+
+*Hope your day is going great.*
+
+*Can you cut a social video for me? It's a highlight reel of todays congressional hearing on GameStop.It's a big clip and I want the entire hearing, but could you cut out the following for me? Here are the bits that I want to be left out of the final version for social.*
+
+* *04:20:69 - 04:45:00 - In words "I am" - Out Words "Not a cat"*
+* *04:50:00 - 04:53:24 - In words "I Like" - Out Words "the stock"*
+
+*Let me Know when it's ready, we want to push it onto YouTube as quickly as possible. Thank you!*
+
+This is just an example, but you get the picture. I would give detailed timecode's & in and out timecode's for where my video editors could find the footage.
+
+**SOMEONE, WITHIN CNBC, GAVE A SOCIAL MEDIA JOURNALIST, OR A VIDEO EDITOR SPECIFIC TIMECODE'S TO EDIT OUT. THIS WAS NOT A HIGHLIGHT REEL. THERE WAS NO TIME LIMIT THAT THEY WERE AIMING FOR - THEY CUT THIS OUT FOR A SPECIFIC REASON.**
+
+**THIS IS A HUGE FUCKING DEAL.** I don't know how high it went, or who within CNBC would have called down to the senior that was on duty that day - but someone within that organisation said "we cant have xyz in the full video" Did someone from outside the organisation call someone within the management team of CNBC and ask for XYZ to not be included? We will probably never know - but this smells of something much bigger.
+
+As mentioned in my previous post - these organisations are run top down fear style leadership. I highly doubt anyone would have pushed back or questioned this request - boss man said to not include xyz, so I wont include xyz. I get to keep my decent salary, and after work I am going to go try that new expensive restaurant around the corner. Case Closed - Day over.
+
+The ONLY reason I can think was maybe Standards and Practices had an issue with something? A quick rundown on Standards & Practices within a news organisation - they are there as lawyers / protectors / gate keepers of the company for what can be published and what can not. They are there to try and make sure that the company is not in trouble legally for anything.
+
+[There is a funny video of Conan with his Standards guy - it's not journalism but you get the point.](https://www.youtube.com/watch?v=nIcvnU9t7S0)
+
+Was there something that was said that freaked out CNBC legal department? I don't know... it was a public hearing so there really shouldn't be a legal issue. The fact that they specifically cut out a certain portion means something happened behind the scenes. **A meeting was had, an email was sent, a phone call was placed. Something happened.**
+
+**THE MYSTERIOUS CASE OF THE CNBC INTERVIEWS PART 2 - GARY GENSLER**
+
+Alright now we have that out of the way - I want to talk about the interview with Gary Gensler, and what happened with the editing (again) of the social clips they published.
+
+Financial news is clearly a very niche area, there really isn't that many news outlets that focus purely on the stock market, bonds, etc. You have CNBC, Bloomberg, Fox Business News etc. So when it comes to financial interviews, getting an exclusive with someone isn't as a big of a deal as it is with Network or Cable (because you have a lot more competition with those guys)
+
+That being said you can tell by watching their social channels, and also watching the promotions they put up the day before for what they see as exciting, and what will drive viewers. The day before the Gary Gensler interview they started promoting it hard, both on air and also on their social media.
+
+If I was an executive producer at CNBC, and I had an exclusive that was a high profile person, the big man everyone is talking about online, Gary Gensler, I would do the following. After the interview, I would clip up the best grabs / sound from him - so these could be little 30-40 second clips of the big talking points he made. Each clip could be their own tweet - which in-turn could be retweeted / shared by the anchors / stars on CNBC. My hope is of course for these to go viral / get good traction. More eyes on the network and more publicity.
+
+I would then take the entire interview, clip it from the top to the bottom, and publish that entire exchange on Facebook & YouTube. The longer these clips, the better the engagement. If you get longer engagement with a video, its better for my report at the end of the month.
+
+Once again - this is where it gets weird.
+
+Something happened with that raw interview tape - **again**. Somewhere in the chain of command, someone told someone that from time code xx:xx:xx to time code xx:xx:xx needed to be edited out of the clip that would be shared on social. Why the FUCK would you edit out the one thing everyone is talking about? You simply wouldn't. Someone, somewhere, got a phone call, and was told to edit xyz out, and of course they did. Was this a phone call from outside the network, leaning on a friend within the network? Was there pressure from someone else? We will never know. What I do know is that these are deliberate actions, with multiple people behind the chain of command and decision making.
+
+**Now - here is where things get wild.**
+
+Why do people go on CNBC / TV at all. People don't go on TV for no reason or to say "Hi Mom, I'm on TV". There is always a reason. You are either promoting yourself / your own personal brand as an expert, the company you represent, a new announcement, an exciting new venture.... you don't just go on CNBC for the fun of it. There is a reason you get asked to go on, and there is a reason why you say yes.
+
+TV is also a powerful tool, you can bring up things and say things that may not have come up organically in a tweet, or a press release. Because it's a conversation, you can steer the interview into places you want to talk about, and announce things, or allude to things that you probably couldn't just tweet out directly.
+
+CNBC is watching all of this shit carefully, they know the man of the hour is Gary. And Gary know's this is a perfect way to boost his profile within the new job, but also kind of say to retail investors "hey, I am hearing this, I see you, I got this"
+
+So what does he do. He steers the conversation into protecting retail investors, he specifically mentions "We must guard against fraud and manipulation from big actors, hedgefund and elsewhere"
+
+AND THEN THE GUY TWEETS THE 1:18 CLIP THAT WAS DELETED FROM CNBC.
+
+**THIS WAS WHAT HE WANTED TO TALK ABOUT, CNBC TRIED TO NATURALLY KILL OFF THE CONVERSATION, SO HE SAID FUCK YOU, I'LL SAY IT AGAIN LOUDER, VIA TWITTER - HERES THE CLIP OF WHAT I SAID.**
+
+He then makes the case that CNBC is no different to Reddit, that the conversations that are had on CNBC at their round table shows about stock fundamentals are no different to what is discussed on Reddit, YouTube etc. This was a POWERFUL message - for a year now CNBC has been shitting on the Reddit bet page because they said it was possibly illegal - and Gary says Fuck you, It's the same as what you do - and btw, we must guard against fraud and manipulation from big actors & hedgefunds. It was a message for three groups
+
+* CNBC & Media - This is no different to you discussing stocks. Don't throw rocks in glasshouses
+* SHF / Big Banks / Wall St- I know what you have done, and I am coming for you.
+* Retail Investors - I know about your concerns, I see them on Twitter and other social channels, and I am working on them.
+
+Between the words he used, the tweet, and the posting of footage that was censored by CNBC - it was a masterclass in how to go into bat against a big media company & social media.
+
+​
+
+**OPEN SOURCE INVESTIGATIONS / OSINT**
+
+We live in a powerful time in history - so much data is available for you and your wife's boyfriend to go through from your living room with just a laptop. Billions of data points across any topic you can imagine. In the last 5 years, most major news outlets both print & broadcast have opened in house "Open Source Investigation Units". It came clear that with the technology available, and with the right training you could easily start building a story in the same way an intelligence analyst might with an agency. Some of the big boys have even paid for private satellite imagery from time to time to work out what was going in countries like Syria (Yeah thats a thing now - you can pay for a set of eyes in space to take some pictures for you)
+
+For those who don't know - Open Source Investigations is pretty much what every brilliant ape has done in this group for the last 6 months. They take information from publicly available sources, connect the dots and try and build a story from it.
+
+We have seen people work out not only intense financial details about certain groups by putting puzzles pieces together, but we have seen people use pictures and imagery data to work here where a photo was taken etc.
+
+The king kong of publicly available OSINT work is Bellingcat. Their most famous work involved being able to track down individual members of a Russian assassination squad using public records, photos, and even the background from pictures listed on a Russian equivalent to Google Reviews.
+
+There are some fantastic resources available and guides. If there are
+
+[https://www.bellingcat.com/category/resources/](https://www.bellingcat.com/category/resources/)
+
+[https://www.bellingcat.com/category/resources/how-tos/](https://www.bellingcat.com/category/resources/how-tos/)
+
+​
+
+There are a bunch of resources available here:
+
+[https://gijn.org/online-research-tools/](https://gijn.org/online-research-tools/)
+
+[https://www.andyblackassociates.co.uk/resources-andy-black-associates/osint-toolkit/](https://www.andyblackassociates.co.uk/resources-andy-black-associates/osint-toolkit/)
+
+​
+
+Search for OSINT toolkit, OSINT resources, Open Source Investigations. Find the tools that you like to use, and start building your own toolkit with the tools available at our disposal.
+
+**WHY AM I SHARING THE IDEA BEHING OSINT?**
+
+Because there are dozens of people that are already doing it without realising it. I think the geniuses in this group should be supported with additional ideas and resources. I would HIGHLY encourage you to read this article - [https://www.bellingcat.com/resources/2020/12/14/navalny-fsb-methodology/](https://www.bellingcat.com/resources/2020/12/14/navalny-fsb-methodology/)
+
+It was the methodology behind tracking down the FSB hit squad they were tracking using open source information. It really helps you get in the mindset of an open source journalist, and how they use tools and methods to track down information. My favourite quote from this article is *"Tugging on one thread will unravel an entire tapestry of cross-referenced data"* GME is an entire tapestry is slowly being unravelled. The more people search, the more people will find.
+
+Also a side note - when searching, use multiple search engines. It is clear that Google in the last 5 years has started putting individual results for individual people, it might be worth checking out searches in Duck Duck Go and using incognito mode while searching around for information.
+
+**TAKE NOTICE OF THE LANGUAGE & SOCIAL CUES**
+
+Pay attention to the words people use on TV, and the meaning behind them.
+
+Language is used to draw an audience in - to make a connection with Bruce & Jane sitting in their living room in Smalltown America.
+
+I'll give you an example. If I am writing a story about rising costs of healthcare for the average family, how do I get a news anchor that is making huge money to connect with the family watching who may be on a single income and just on the line between lower and middle class.
+
+I change the language in the story. So instead of saying "You may have noticed your healthcare costs rising" - I would change it to "We have all noticed our healthcare costs rising"
+
+See what I did there - I made this about me as well, we and our connects me sitting there at the news desk to you sitting in your living room. We have BOTH noticed the healthcare cost rising. Now I am on a VERY decent salary, with fucking AMAZING healthcare - have I noticed a rise in the prices? Fuck No. But I want YOU to think that I am just a guy like you... so I connect with you through the TV as an everyman.
+
+Another example is that clown Jim Cramer.
+
+​
+
+[Sleeves rolled up, a messy man cave. \\"I'm just like you - I am just like your drinking buddy, here to help you make a few bucks\\" ](https://preview.redd.it/kcellqws61g71.jpg?width=1910&format=pjpg&auto=webp&s=a2d02093442caf6d87f1b758988574a8d824351f)
+
+Notice how in the morning shows he is in a suit and tie, and looks professional? But on his show in the evening - his personal image / brand changes. He is on the mad money set - it looks like a man cave, chaotic, a little messy. He rolls his sleeves up, like he has a had a hard day at work. Maybe you just got home from work and you have rolled up your sleeves like him. You see some sport memorabilia. You're a guy in your 50's like him, and you see yourself in him.
+
+He always does the same routine at the start - I'm your friend, I am your buddy, I am here to make you a few bucks. Between his gentle reassuring words that he is your friend, his comedic routines with that stupid soundboard and the subtle imagery on the set design, and his wardrobe - it makes you feel like you can trust him, like he is an old drinking buddy. A friend.
+
+We all know from The Coin Stock, The Chinese Taxi Stock and other disasters what this "friend" leads you to... but it doesn't matter. People will keep trusting him.
+
+People DO trust this guy, you just have to see some of his fans on twitter and what they say in response to his stock picks
+
+This is also why I think he has started throwing around the words "communists" and "Marxists" when describing Reddit forums. What is a word that gets people fired up in America - the word communist. What if you could start building a frame work that people who are trading Gamestop are communists that hate rich people - its an easy story to sell, and you don't need proof. It's a very clickable headline - and it would be easy to get those in power such as congresspeople who clearly don't understand what is happening to go along with it. If he starts using those words more, and more, they catch on. Then you have a problem on your hands - we are all individual investors, how do you fight back?
+
+**STAY ON TASK - BUT CAST OUR NET FAR AND WIDE**
+
+I totally get the desire for this sub to stay on task with GME, and to only discuss things directly related to GME... but I wanted to share my thoughts on this mentality and why we should all have a little open minds when discussing information we find.
+
+As we go down the rabbit hole, we find more and more things connected to this entire saga. Many of them aren't directly connected to GME, but these little puzzle pieces are leading us to the bigger picture - just how fucked the capital markets are. There is no price discovery, there is no free and fair market. It's rigged.
+
+We are in a unique position to have thousands of people, many experts in their fields of finance, data analysis & historical analysis to be putting together this puzzle. The wider we cast out net, the more threads we find to unravel this mess. If we shut down ANY conversation that dares mentions political issues, housing issues, other stocks that share the same behaviours as GME - we are doing ourselves a disservice.
+
+Obviously the integrity of this sub is paramount, and things like forum sliding and distraction should be at the forefront of everyones mind - but in saying that, a little leeway with thinking outside the box could go a long way with exposing even more evidence of corruption in the system, and how it relates to GME.
+
+When you are doing an investigation, you look at EVERYTHING. You discuss with your colleagues all sorts of theories, and past cases that share the same patterns. You bounce ideas of each other that may have nothing to do with the case on hand, but in doing so it really gets the investigative juices flowing in your brain to use your critical thinking.
+
+This is just a personal thought, but I have seen a few times where decent conversations were deleted, or screamed into silence with chants of SHILL SHILL SHILL for bringing up a point that was a little outside the conventional thinking, but could be an interesting point.
+
+​
+
+**CONCLUSION**
+
+I have been keeping a very close eye on financial networks, and taking notes daily on things I notice. I would like to continue posting here. I had some wonderful kind hearted messages and comments last time I posted, and its truly an honour to be on this journey with you all. I will keep making posts as I feel comfortable.
+
+Take Care everyone! Love to you all. xxx
+
+*And a little direct message to RC. If you're out there - and you want someone to come in house to help navigate and work logistics of the shit show that will be the international media camped in your parking lot when this rocket takes off - let me know. I'd quit my job and come to Grapevine in a second to help navigate what will probably the biggest news story on the planet.*
+I want to know if anyone has ever tried to go to the extreme in order to pay off their debt as quick as possible?
+
+£600 left of my salary goes straight to essential living expenses. This includes food but thats it. I won’t be able to have a social life (I’m 29) but I don’t think I will mind as I feel like this debt is putting a strain on my mental health and I really need to get some outside perspective.
+
+Any advice would really help. Thanks
+
+
+Edit: Thanks so much to everyone for their advice. After reading through it all, I have a plan of action that I’m now a lot more confident in and happy with. 
+
+Here’s the info on my debt that I missed out in the original post:
+
+Overdrafts:-
+
+(1) -£210, 39% apr
+
+(2) -£810, 29.9% apr
+
+Credit card:-
+
+(1) £3.5k, 0% until this Sept then 29.9% apr
+
+
+My plan of action, starting this month, is to pay off my two overdrafts with £1k and then do monthly repayments of £750 towards my credit card until it’s cleared. Paying £750 rather than £1k gives me some breathing room which I think is good balance for my life. I did consider switching to a 0% but I would rather not have the extended time to let my credit card debt run away from me again.
+
+Thanks again everyone!!
+Shares of Games Workshop, famous for tabletop gaming, fell 7.7% on 29th October (from **10,450** to **9,645).**
+
+[https://todayuknews.com/banking/market-report-games-workshop-shares-drop-sharply/](https://todayuknews.com/banking/market-report-games-workshop-shares-drop-sharply/)
+
+The cause seems to be a report from Jefferies:
+
+Quote
+
+‘The catalyst for this seems to have been a much more aggressive approach to protecting IP, particularly around the creation of fan sites and animation. This change has led to popular fan content creators ceasing their involvement (under pressure from Games Workshop), a lot of negative community feedback, a raft of downvotes to Warhammer video content, and, with other factors also rolled in (price increases, employee pay), calls to boycott the business.’ 
+
+The impetus for the crackdown appeared to be Warhammer+, Games Workshop’s subscription service that provides access to exclusive Warhammer TV shows as well as figurines and apps unavailable elsewhere. 
+
+Jefferies said while the current noise seemed to be from a ‘vocal minority’, they trimmed their target price for the group to 12,250p from 13,200p, saying they would be ‘keeping a close eye’ on the situation.
+
+End Quote
+
+While there is no denying that some fans are unhappy, as can be seen from Reddit and Youtube, there are fans who can see why GAW needs to crackdown to protect its IP. 
+
+Also notable is that the creators who have been producing content were asked to come onto Warhammer+ to create official IP. It is not as if GAW declared war and initiated lawsuits against the creators. This is a gentler approach, compared to the old GAW when lawsuits were their preferred means to protect their IP.
+
+1) Based on the "stickiness" of fans of the IP, this does not look like a permanent impairment to the business. 
+
+2) The arguments against this is that Warhammer+ has sparse content, compared to established streaming services such as Netflix. This is something that can be salvaged, but it does suggest that GAW has a long ways to go to create enough content for the platform.
+
+I would argue that Warhammer+ is a necessity to diversify revenue streams. The revenue from selling tabletop models dwarf the revenue from IP (such as royalties etc). GAW has every incentive to make this work.
+
+Would love to hear critiques on the company and the above points, thank you.
+# 0. Preface
+
+I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.
+
+TL;DR - **Equity market liquidity has collapsed at the start of 2022 and the global political conditions are increasing the risk of a complete liquidity crisis.**
+
+[ Equity market liquidity has absolutely collapsed. Markets entered a new volatility regime following Volmageddon –– evaporating liquidity reflects this. Volatility is expanding and this is just systematic pulling. Bids are vanishing & real deleveraging will trigger feedback loops ](https://preview.redd.it/2xklgh2a5sj81.jpg?width=1436&format=pjpg&auto=webp&s=9d3374f0400eeb37ab50d2e0ecc58418068c4add)
+
+# 1. Liquidity in the markets
+
+Every earnings report for blue chip stocks seem to influencing the price of the underlying more and more. Volatility indexes have started to peak and have remained high and the health of the global economy is starting to show signs of illness. This volatility and lack of liquidity has meant that it is more difficult for financial institutions to exchange stocks for cash at the speed in which they might need to.
+
+Liquidity evaporates when underlying value of your collateral experiences a harsh correction. When multiple major market participants experience this at once, it triggers a liquidity crunch. Profitable positions get sold off, in an effort to reach a net-neutral exposure. If this cannot be achieved, margin debt can be called back by creditors. Too many, or too many high-dollar, margin calls will inevitably lead to a credit crunch, where lenders risk-off (pull liquidity).
+
+If the price of one of their holdings decreases rapidly, they need to come up with money fast. This leaves us with an issue as the lack in liquidity means that money is not as readily available.  Bid/ask spreads are widening and fewer bid orders are in the order books. This means its harder to trade securities especially in larger quantities.
+
+There is a second problem - if the institution needs to sell those securities to raise capital, if the other institutions are having the same liquidity problems - **there is no buyer for the sell.**
+
+If no one has any money... The stock continues to tumble and the vicious cycle continues.
+
+This is why we're seeing huge swings in stocks that usually aren't volatile (amazon, meta, nvidia, etc.).
+
+# 02. Blue chip volatility
+
+​
+
+[Amazon spiking 10% on earnings](https://preview.redd.it/ixqe2i1i8sj81.png?width=700&format=png&auto=webp&s=5f430aa41fd2c57f3410920f6604008130bf4657)
+
+[NVIDIA decline](https://preview.redd.it/p4wl6j1i8sj81.png?width=938&format=png&auto=webp&s=92973dc1bd0b399c426125584f80695a6976031d)
+
+[Microsoft decline](https://preview.redd.it/spxh2m1i8sj81.png?width=934&format=png&auto=webp&s=9a553a3730fb34595871941f3020c688b2fefc0c)
+
+[FB\/META decline](https://preview.redd.it/vg0odm1i8sj81.png?width=934&format=png&auto=webp&s=8f056e7421e16b5563ccd322d8aae45bc1dfa94f)
+
+# 03. Leverage
+
+​
+
+https://preview.redd.it/5jr21ibb9sj81.png?width=502&format=png&auto=webp&s=a6e2964f047f21458e27ba848e66432ec0772dd4
+
+Margin debt and leverage have been used and abused with low interest rates. With rate hikes we are likely to see the stock markets inflated appraisals crash through the roof.
+
+TLDR-TLDR -  **Equity market liquidity has collapsed at the start of 2022 and the global political conditions are increasing the risk of a complete liquidity crisis. The amount of leverage in the financial system, the risk of a war and the devaluation of the American dollar have accelerated a stock market crash and we are seeing the early stages of the biggest correction in history.**
+A body called Chennai Financial Markets and Accountability (CFMA) has claimed  unitholders would lose as much as Rs16,000 crore out of their investment of Rs28,000 crore in the wound up Franklin mutual fund schemes. 
+
+What is the basis of this statement? Is it factually correct? 
+
+From my understanding, FT have mentioned time and again in emails that if the funds are wound up, then they can receive a significant portion of the capital back over the given timeframe i.e as and when the bonds mature. However if the funds are somehow not wound up, and open for public redemption again, then this will cause a "run" or stampede to redemption and they will have to sell the bonds at a steep discount just to honor the redemptions. 
+
+However this CFMA group are claiming all will lose 60% of their investments. There are quite a few articles about this claim, yet there are no actual calculations or any basis to show how they arrived in this figure. IIRC, FT has already received money from the bonds so far without any issues. Given recovery from Covid19 is in progress, other bonds can also be expected to pay as per schedule. 
+
+Can someone with knowledge please share their insights on this? Thanks 
+
+https://timesofindia.indiatimes.com/business/india-business/over-60-haircut-in-ftmf-shut-funds-is-black-swan-event-cfma/articleshow/80386363.cms
+
+
+http://cfma.in/ and link to actual [notice](http://cfma.in/mediareleases/CFMA-PR-on-FTMF.pdf)
+
+Also relevant: [Another report](http://cfma.in/research-report/Franklin-Templeton-Mutual-Fund-cannot-be-allowed-to-make-priority-repayment-to-bank-borrowings-from-cash-flow-received-after-closure-of-6-debt-schemes.pdf) by this same group makes a valid point, that if there are haircuts for unit holders, then even the banks which have lent to the FT funds must bear the proportional hit. Why are the lenders being paid of 100% but the unit holders left to bear all the damage? 
+
+PS: Invested in FT-UST, probably like many others too...
+Update:  Reserve Bank of India (RBI) has decided to extend the timeline for the stakeholders to migrate to the framework by six months, i.e., till September 30, 2021. [source](https://www.moneycontrol.com/news/business/rbi-extends-timeline-for-processing-of-recurring-online-transactions-6714371.html)
+
+​
+
+1. For auto-payments from debit and credit cards or via wallets, an additional authentication by the customer will be required from 1 April. "A cardholder desirous of opting for e-mandate facility on card shall undertake a one-time registration process, with AFA validation by the issuer," RBI said.
+2. The limit for auto-debit from cards and wallets is set at ₹5,000. For transactions above the cut-off, an additional one-time password (OTP) will be needed.
+3. The new rule will be applicable for transactions performed using all types of cards – debit, credit, UPI and PPIs, including wallets, the central bank earlier mentioned.
+4. The regulator earlier asked the banks to introduce additional factor authentication by 31 March, 2021. In a circular issued on 4 December, 2020, RBI said, "Processing of recurring transactions (domestic or cross-border) using cards/PPIs/UPI under arrangements/practices not compliant with the aforesaid instructions shall not be continued beyond 31 March, 2021."
+5. The issuer has to send a pre-transaction notification to the cardholder, at least 24 hours prior to the actual charge or debit to the card. The user will have an option to choose a mode among available options (SMS, email, etc.) for receiving the pre-transaction notification, the regulator said.
+6. To proceed the transaction, customer's consent is must. The cardholder will also have an option to "opt-out of that particular transaction".
+7. The issuer shall provide the cardholder an online facility to withdraw any e-mandate at any point, RBI said. "No charges shall be levied or recovered from the cardholder for availing the e-mandate facility on cards for recurring transactions," the bank noted.
+8. Banks have started informing its customers about this new rule. “In accordance with regulatory requirements, processing of e-mandates for recurring transactions, which have been registered on your credit or debit card without Additional Factor of Authentication (AFA), will be discontinued w.e.f. April 1, 2021. You may make payments directly through your card at the merchant website or application," read a communication sent by Axis Bank.
+
+[source](https://www.livemint.com/industry/banking/debit-card-credit-card-auto-payment-rules-change-from-april-know-details-11617108811026.html)
+My bank Relationship Manager is hellbent on selling me Guaranteed Income schemes from Tata AIG or Max Life.
+
+The way these schemes work is you invest a certain amount yearly for a certain period (ex - 2.5 lakhs for 10 years) and then you get return get a certain sum back yearly (2.5 lakhs for the next 15 years) and a lumpsum in final maturity.
+
+Are these schemes worth it? Obviously the bank RM will get good incentives which is why they are pushing this product but my question is if these schemes are worth it?
+
+Scheme for reference - https://www.tataaia.com/life-insurance-plans/savings-solutions/fortune-guarantee-plus.html
+Hey guys just wanna have an idea of your forex journey, how long did it take for you to be profitable, what are the biggest lessons you learnt throughout your trading journey if you dont kind sharing.
+
+I'm struggling to be profitable. Would love to learn from your  experiences while i learn from my own!
+If you are one of those rare traders, what steps would you suggest to take for people to become profitable at first and then eventually do this full time?
+Technical - is it after market moves in your favour by some pips? Or when you notice pivot in opposite direction?
+
+Is it entry+commission or do you add some tiny profit?
+
+I'm mostly interested in answers suitable for day-trading.
+I hear people here say in here:
+  
+"hyper inflation is coming, so I sold all my stocks."
+  
+That makes no sense, since if your net worth is an anything except cash, then it's already an equity exchange away from cash.
+  
+If you own $1,000,000 in SPY, you don't have $1,000,000 in cash. You have 2195 shares of SPY. That's it. 2195 shares
+  
+Now sure there are stocks that are more dependent/independent on the USD (VTI vs SPY sure), but if you own 2195 shares of SPY, you own 2195 shares of SPY, which isn't $1,000,000 in cash.
+# Disclosure of a financial system which hides naked shorts by deleting shareholder votes.
+
+# Meme-Stocks are actually, "Threshold Securities with Significant Public Interest."
+
+Part 1: [https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting\_prevention\_exposed/](https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting_prevention_exposed/)
+
+Part 2: You are here (6/25/2021 Repost for visibility).
+
+# TLDR:
+
+**Here we analyze Broadridge's over-voting prevention system which covers up evidence of rehypothecation and synthetic shares. When it comes to securities fraud, Market Makers are at risk of being exposed during each voting-season. They don't want the Public or the SEC to see any quantitative evidence of rehypothecation, I.E how far they've gone across the line in a security each year.**
+
+**There are systems, technology, and policies in place since 2007 which allow securities fraud to expand further and further into illegal territory without the public finding out.**
+
+**In essence, the following post reveals how DTCC struggles to keep track of who owns what because (A) it's an archaic system, and (B) many banks and brokers are liars.** 
+
+**However, FINRA tries to track ownership by correlating FTD's with discrepancies in bank/broker reporting--I.E when a bank or broker's misrepresentation of short-interest can be substantiated, they are fined (I'm unclear when/if they are ever forced to cover).**
+
+**DTCC, however, remains the authority on voter entitlement since Cede & Co. owns all the shares. It is likely using FINRA data (or its own assumptions) to decide which votes are safe to be deleted.**
+
+**The SEC made this legal, and says you don't actually own your shares. In 2009 the SEC claimed that FTD's are the root cause of over-voting. Goes silent on the issue for 12 years.**
+
+**An independent audit of Broadridge reveals the mechanism for deleting votes. The same Banks and Brokers who hide their short interest are either the ones who delete your votes, or give authorization to DTCC to automatically delete your votes. No voting-confirmation is provided to you, thus, rehypothecation does not reach the public eye through voter-disenfranchisement.**
+
+**In short, they don't want YOU to know how much they short. But recent analysis by**  u/Criand  **and** u/AcedVector **reveals that the short interest on GME is still possibly higher than the float as of 6/25/2021.** 
+
+[Criand's Analysis](https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/)
+
+[AcedVector's Analysis](https://www.reddit.com/r/Superstonk/comments/o7fsqc/where_and_how_citadelother_hedge_funds_have_been/)
+
+# I.E AS OF 4/15/2021, ALL MECHANISMS WERE IN PLACE FOR THE GME VOTE TO BE SWINDLED.
+
+# TADR:
+
+* We just burned their candle from the other end. 
+* All shorts must cover.
+
+# Preface
+
+In [part 1](https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting_prevention_exposed/) we analyzed official comments to the SEC (as recent as 2019) from the industry's leading Vote Tabulators in regards to Proxy Over-Reporting and Over-Voting. These issues arise when **Beneficial Ownership** of real shares cannot be determined by subject matter experts.
+
+We established a precedent for known issues in "Proxy Plumbing", and revealed that Broadridge has been the primary actor in detecting over-reporting since 2007.
+
+We touched only lightly on the DTCC's role in obfuscating operational naked shorts, via bulk fungible accounting AKA **'Omnibus Proxy'**, and revealed that all roads lead back to the SEC.
+
+In this article we analyze the SEC, DTCC, and Broadridge in greater depth to establish clarity around the process of hiding naked shorts from public view; and we determine whether this analysis truly suggests a connection between voter disenfranchisement and the market maker's abuse of phantom shares by analyzing the FINRA track record of Broadridge customers.
+
+Some background from 2009: [https://csb.uncw.edu/people/moffettc/about/research%20papers/morphable%200109.pdf](https://csb.uncw.edu/people/moffettc/about/research%20papers/morphable%200109.pdf)
+
+https://preview.redd.it/zd6ajnilbi771.png?width=746&format=png&auto=webp&s=bc6cbb1632012a18efca0dd036aca094c1b223c0
+
+We're interested in positions which are greater than a company's float because this implies that more votes can exist than shares outstanding--a heuristic of abusing loop holes in the system (Naked Shorting, Failures-to-Deliver (FTD's), Options misrepresentation, etc.) for operational advantage and/or financial gain.
+
+Naked shorting provides a sort of decoupling of economic rights from beneficial ownership that becomes difficult to reconcile; meaning nobody knows exactly which shares are supposed to be allowed to vote, only that there are a known/unknown amount of FTD's.
+
+The SEC, in their announcement of Regulation SHO, admitted existing cases where “delivery failures \[were\] greater than a company’s total public float.” Which is a documented admission of the extreme.
+
+https://preview.redd.it/bh4kvzawbi771.png?width=735&format=png&auto=webp&s=4b344ec87bf1f8cb8a00d042f2c23e28a9e58c37
+
+When a naked shorter sells you a share, by tradition of **Beneficial Ownership** you would be entitled to the voting right of that share. Yet, a corporation cannot tally more votes than shares issued. So when over-voting occurs, some shares have to be negated. How do you determine which votes don't count? Who decides if owning a share does not grant beneficial ownership of the voting rights? You are meant to be entitled to the voting power of your shares to give you agency in the value of your investment. Over time they stole this agency from you and your parents.
+
+# Chapters 1-5 (part 1):
+
+[https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting\_prevention\_exposed/](https://www.reddit.com/r/Superstonk/comments/nwktlt/overvoting_prevention_exposed/)
+
+# Chapter 6: The Securities and Exchange Commission
+
+[ The U.S. Securities and Exchange Commission is a large independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. ](https://preview.redd.it/96hiu3sxbi771.png?width=249&format=png&auto=webp&s=c6b8b273c6b54751f26a12f5ed121fd20e8243f5)
+
+It is important to remember that while the SEC is dubious, it is likely more negligent than villainous. Although both *could* be true, what makes the SEC different from the other bad actors is that the SEC discloses the bulk of its activity and reasoning while soliciting comments from the public. They actually have a 2-way street. Even if it is only a dirt road in a city of highways. Whether this is a redeeming modality, I leave up to the reader and those who actually comment to the SEC.
+
+We might convey public opinion of the SEC by selecting a monochrome version of the SEC's logo. The United States Federal Seal bears a coat of arms whose colors represent:
+
+* White: purity and innocence
+* Red: hardiness & valor
+* Blue: vigilance, perseverance &  justice
+
+Now, let us begin.
+
+In 2007 the SEC hosted a round table discussion on the topic of PROXY VOTING MECHANICS.
+
+You can own it here:
+
+* 2007 Video: [https://www.sec.gov/video/webcast-archive-player.shtml?document\_id=052407proxyvoting](https://www.sec.gov/video/webcast-archive-player.shtml?document_id=052407proxyvoting)
+* 2007 Unofficial Transcript:  [https://www.sec.gov › openmtg\_trans052407](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwiIy7rD55jxAhX2FTQIHX-4BHoQFjAAegQIBhAD&url=https%3A%2F%2Fwww.sec.gov%2Fnews%2Fopenmeetings%2F2007%2Fopenmtg_trans052407.pdf&usg=AOvVaw2ZguzxYj60yVP8BRxwX4cf)
+* 2009 Concept Release: [https://www.sec.gov/news/press/2010/2010-122.htm](https://www.sec.gov/news/press/2010/2010-122.htm)
+
+[2007 screen grab of the panel in assembly.](https://preview.redd.it/99dyxl66ci771.png?width=813&format=png&auto=webp&s=8336a15e5333623b1ddf69a5a7d792dda6a89c01)
+
+The first panel includes:
+
+* Chevron Corporation - Lydia Beebe, Chief Governance Officer
+* University of Texas - [Good Guy, Henry Hu](https://www.sciencedirect.com/science/article/pii/S0929119907000168) \- Allan Shivers chair of law and banking and finance (and later an SEC employee before returning to university chair)
+* Morgan Stanley - Rob O'Connor, Managing Director
+* Merill Lynch - Ronnie O'Neill, VP
+* Broadridge - Bob Schifellite, President of Investor Communications Solutions Group
+* DTCC - Larry Thompson, General Counsel
+
+For the purposes of today's analysis, this is a **dream team of representatives**. Unbridled, unfiltered, raw and uncut. In synopsis, **Chevron is suspicious of the proxy system** while Big Money defends its reputation. Henry Hu warns of system exploits while **Big Money slides the conversation.**
+
+Despite another missed opportunity to do the right thing, there are important tidbits to be considered. In this meeting **Larry Thompson (DTCC) discloses the DTCC's process for reconciling votes**, by which we can ascertain the power dynamic of this situation:
+
+>DTC is the record holder of all of those shares through CEDE & Co., and as I mentioned earlier. And as I said, all of that takes place electronically through our records. There are no identifiable shares that belong to any of our participants. They all belong to the name of ~~CDINCO~~ \[Cede & Co.\] and when a deposit is made at DTC, just as it's made in your commercial bank, you don't know which dollar is yours, you have a proportionate interest in that dollar. So do all of our participants have a proportionate interest in the shares that we hold in our vaults and which we control - Larry Thompson, DTCC 2007.
+
+Because the shares at DTC are in a bulk fungible format, **they do not track who owns which share,** only that 10 shares are sold and 5 shares are bought, or 20 Fail-to-Deliver. This ownership is legal under the pretense of SEC Rule 13D-3.
+
+# Chapter 7: The SEC says you don't own your shares.
+
+[Yes, you read that correctly.](https://preview.redd.it/7bnco3j7ci771.png?width=1163&format=png&auto=webp&s=e4fb3ea6a7737691fc8cad0192e6c6a0c12dfb07)
+
+[Pirates, thieves and cannibal warlords have similar ruling structures.](https://preview.redd.it/cilfxaf8ci771.png?width=311&format=png&auto=webp&s=10452faa29d06c2bdc32f45b71e693bc5274e7ed)
+
+Fungi-bull-shit accounting is one of the reasons NFT's (Non-Fungible Tokens) will replace the fraudulent voting system, and why **Ryan Cohen is 4 steps ahead of the SEC** and a pioneer of his time.
+
+Note: 13D is a reporting requirement for shareholders which own >5% of a company. Common practice is to hold <4.99% to evade reporting, and any excess is held in shell companies. Law Firm [Hunton & Williams describes this in more detail](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjCloSzvZrxAhXLxzgGHW8RBUcQFjAAegQIBRAD&url=https%3A%2F%2Fwww.huntonak.com%2Fen%2Finsights%2Fsec-concludes-a-busy-week-of-beneficial-ownership-enforcement.html&usg=AOvVaw3GIGMT53oZdeTcNHuuw-LS). But before we diverge on the topic of vote manipulation, hostile takeovers, etc., the key takeaway is that **people do abuse this privilege**, and you do not legally own the voting rights to your shares.
+
+**Voting rights are imparted to you at your Broker's, Bank's, and/or the DTCC's discretion**. For all intensive purposes, many shareholders will be allowed to vote, but no one is required (or perhaps able) to disclose whether your vote is actually counted. Many [(2009-2014) comments to the SEC](https://www.sec.gov/comments/s7-14-10/s71410.shtml) address this issue.
+
+Upon reviewing the comments, it's widely accepted that providing **"confirmation of vote"** back to the shareholder can help quantify the true pervasiveness of over-voting and aid in the reform of this and other proxy issues. Many industry experts advocate for some form of vote-confirmation. While some, curiously, advocate against vote-confirmation under the pretense of protecting shareholder privacy.
+
+This is the SEC's response to the issue of Proxy Over-Voting:
+
+* 2003:  (1) [Final Rule: Proxy Voting by Investment Advisers](https://www.sec.gov/rules/final/ia-2106.htm)
+* 2004:
+* 2005:
+* 2006:
+* 2007: (2) [Proxy Voting Brief](https://www.sec.gov/spotlight/proxyprocess/proxyvotingbrief.htm)
+* 2008:
+* 2009: (3) [Concept Release on the U.S Proxy System](https://www.sec.gov/rules/concept/2010/34-62495.pdf);  (4) [Speech by SEC Chairman: Address to the Practising Law Institute's 41st Annual Institute on Securities Regulation](https://www.sec.gov/news/speech/2009/spch110409mls.htm) (Note, the Chairman commits to accomplishing proxy-system reform)
+* 2010:
+* 2011:
+* 2012:
+* 2013:
+* 2014:
+* 2015:
+* 2016:
+* 2017:
+* 2018:
+* 2019:
+* 2020:
+* 2021:
+
+[\(Note: The SEC tackled many other issues in the market, but were silent on Proxy Vote Manipulation for 12+ years\)](https://preview.redd.it/eawtii3dci771.png?width=1300&format=png&auto=webp&s=f4a56dfaaada48f067622fdc18df0b79dcb688be)
+
+# Chapter 8: The SEC sites 'Failures to Deliver' as primary cause of voting imbalance.
+
+If no news is good news, then let's return to the SEC's 2009 [Concept Release on the U.S Proxy System](https://www.sec.gov/rules/concept/2010/34-62495.pdf):
+
+https://preview.redd.it/ghhu2h6eci771.png?width=761&format=png&auto=webp&s=4bbd2ff28b009ba42396615df7c353c05733380d
+
+So here's the **gut-shot of our whole premise.** In 2009, the SEC formally declared the root cause of over-voting was Failures-to-Deliver. **They had the leash in hand and could have wagged the dog**, but they remained silent for over a decade. 
+
+SEC, Why so silent? You declared that the rights of investors were being sabotaged by players who stopped following the rules once they were losing. You asked for comments on the issue. You vowed to do something about it. You failed to meet that promise. 
+
+Was the lack of attention toward FTD's and over-voting a sign of systemic corruption or was it fools being misled?
+
+[The Public could hold the SEC accountable to explain whether it was misled by Broadridge and\/or corrupted by other Financial Industry Lobbyists.](https://preview.redd.it/j1736e5fci771.png?width=500&format=png&auto=webp&s=11216475e512cded704ef29d66fff3295095f621)
+
+Hot dog, then let's hear it from the horse's mouth.
+
+# Chapter 9: Broadridge is back with 2 Truths and a Lie.
+
+[ Broadridge Financial Solutions is a public corporate services company founded in 2007 as a spin-off from Automatic Data Processing. The main business of Broadridge is as a service provider supplying public companies with proxy statements, annual reports and other financial documents, and shareholder communications solutions, such as virtual annual meetings. ](https://preview.redd.it/drr9ek8gci771.png?width=290&format=png&auto=webp&s=d750b3317a8c9db72d9fc2bd2a0ea323b9e612b9)
+
+Broadridge explains over-reporting during the 2007 Proxy Voting Brief:
+
+[Bob Schifellite, President of Investor Communications Solutions Group, Broadridge, 2007.](https://preview.redd.it/enjizjugci771.png?width=868&format=png&auto=webp&s=5f2e511d10014b83f0b895738c1c98e80a3093af)
+
+If you're detecting a bit of cognitive dissonance, that's because it's there. Broadridge divulged a sample size where over-reporting was an incidental 1.79% above the float. But Reg-SHO determined that could be a lie.
+
+https://preview.redd.it/01mfl5jpci771.png?width=665&format=png&auto=webp&s=e649c3fed862e6a5bd51238e1fe574cca61b08f8
+
+>Compliance with Regulation  SHO began on January 3, 2005. Regulation SHO was adopted to update  short sale regulation in light of numerous market developments since  short sale regulation was first adopted in 1938 and to address concerns  regarding persistent failures to deliver and potentially abusive “naked”  short selling.
+
+A security will be placed on the threshold list if it has a significant fail to deliver position for at least 5 business days. Notice that the number of over-shorted companies was still in the multi-hundreds when (and prior to) Broadridge disclosing the 1.79% statement. In fact, on May 24th 2007 when the testament was given, 300+ companies were still over-shorted and that number continued to rise until July, 2008.
+
+https://preview.redd.it/hu8nuuirci771.png?width=656&format=png&auto=webp&s=7951389d602db9f6714c9f98c85b4421f774517f
+
+[Final amendments to Reg SHO](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwj0tqqXyZrxAhXo73MBHTF2DLEQFjAAegQIBRAD&url=https%3A%2F%2Fwww.sec.gov%2Frules%2Ffinal%2F2008%2F34-58775.pdf&usg=AOvVaw02scg4dQzm4BPV8v3fwT1Q) were made on July 14, 2008, resulting in an abatement of reported threshold securities. But the dragon was only wounded. It was never truly slain, as indicated by the 2021 exposure of 'Meme-Stocks' which are actually...
+
+#  "THRESHOLD SECURITIES WITH SIGNIFICANT PUBLIC INTEREST".
+
+Say it with me again, "Meme-stocks are threshold securities with significant public interest."
+
+Louder, MSM:
+
+**MEME-STOCKS ARE THRESHOLD SECURITIES WITH SIGNIFICANT PUBLIC INTEREST.**
+
+* Threshold Security = Bad for markets.
+* Public Interest = Good for markets.
+* Your move, 11-Week Gary Gensler.
+* I'll give you a head start:
+
+And, if you give Broadridge enough rope to hang themselves...
+
+[You just can't trust anyone who uses the word, Tranche. Especially when they keep rounding down the number in an effort to feel some reprieve from the condemnation in their dishonesty.](https://preview.redd.it/a0fqljjsci771.png?width=864&format=png&auto=webp&s=34fdea3738a9d975fa7085987378cdba38421caf)
+
+When you listen to the transcript, it is evident that Mr. Schifellite is experiencing the all-too-human emotion of, "cat-got-your-tongue mid guilt-tripped lie". 
+
+[Mr. Bob Schifellite wants you to believe there is only 0.33% over-voting.](https://preview.redd.it/r600jc0vpi771.png?width=190&format=png&auto=webp&s=51e1911c5d64dd83def2374f706c843b20ef27bd)
+
+Schifellite (Broadridge) lied to the SEC, and continues to lie for 12+ years. Okay, okay, "Absconds from telling the truth as to protect his client's interest's."
+
+Either way, the SEC seems to have bought it hook, line and sinker because, well, 12+ years of inaction = 12+ years of perpetuity.
+
+Remember, 0.33% is a very, very low number. **It's a "darling number" which affords a willing individual an excuse to not address the problem. (I.E cutting corners, quitting before the job's done, looking the other way, etc.)**
+
+Broadridge is vouching for its product in front of regulators and subscribers. But is this number a true representation of actual over-voting; and shouldn't the SEC (and Broadridge, Financial Industry et. al.) be held to a higher standard for design of experiments? 
+
+We have historical anecdotes from industry professionals, SEC coming out of the closet, and contemporary DD which all point toward exorbitant FTD's. 0.33% just seems like a cherry-picked example. AND THAT IS NOT HOW WE DO SCIENCE.
+
+So if we can't trust the data, and there are [numerous complaints against Broadridge misrepresenting the data](https://www.sec.gov/comments/s7-14-10/s71410.shtml), let's evaluate Broadridge's 2007 claim of 0.33% over-voting against some other indicator. How about the actions of [Broadridge's top \~10 clients](https://www.sec.gov/Archives/edgar/data/1383312/000119312509194956/dex991.htm) from 2009 over the same (and relative) time period?
+
+* note 1: this is not a complete list, we're focusing only a few examples of short interest, failure-to-deliver, and options manipulation. An exhaustive list, is well, exhausting. For our purpose of validating Broadridge's statement, we're targeting FINRA violations from 2005 forward.
+* note 2: "positions" does not mean separate securities. Many of these (if not only some) were multiple positions in the same security as verified (with some consistency) by FINRA.
+* note 3: "short interest misrepresentation" does not mean naked shorting, but it does imply they had a motive not to cover, some of these may have contributed to the SEC's threshold securities. But all, guaranteed, contributed to FTD's.
+* note 4: I had wished to procure a list of Broadridge customers from 2007 (at the time of Mr. Schifellite's statement) but this proved difficult to obtain.
+
+**In descending order, Broadridge' top performing clients from 2009:**
+
+* [**Merrill Lynch - 1,458 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/7691)
+   * 2007 fined $12,500 for FTD violations.
+   * 2009 fined $90,000,000 for Options misrepresentation.
+   * 2014 fined $525,000 for short interest misrepresentation on 36,413 positions totaling **9,530,879,808 shares.**
+   * 2014 fined $6,500,000 for FTD violations.
+   * 2015 fined $9,000,000 for FTD violations.
+   * 2015 fined $115,000 for short interest misrepresentation on 7,065 positions totaling 3,561,396,771 shares.
+   * 2020 fined $75,000 for 13,198 instances of Options misrepresentation vs. short positions held.
+* [**Barclays Capital Services - 101 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/19714)
+   * 2009 fined $50,000 for short interest misrepresentation.
+   * 2015 fined $115,000,000 for short interest misrepresentation on 42 settlement days in 835 positions totaling 87,562,328 shares.
+* [**BNP Paribas - 88 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/15794)
+   * 2008-2012 fined for short interest misrepresentation on 1,934 positions totaling 330,000,866 shares.
+   * 2013 fined $130,000 for short interest misrepresentation.
+* [**CIBC World Markets - 158 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/630)
+   * 2005 fined $60,000 for short interest misrepresentation.
+   * 2013 fined $130,000 for short interest misrepresentation.
+* [**Deutsche Bank - 292 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/2525)
+   * 2005 fined $15,000 for short interest misrepresentation.
+   * 2007 fined $30,000 for short interest misrepresentation.
+   * 2007 fined $45,000 for short interest misrepresentation.
+   * 2015 fined $1,400,000 for short interest misrepresentation.
+* [**Edward Jones - 220 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/250)
+   * 2007 fined $55,000 for short interest misrepresentation.
+   * 2012 fined $55,000 for short interest misrepresentation.
+* [**HSBC Securities - 74  FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/19585)
+   * 2007 fined $7,000 for short interest misrepresentation.
+   * 2007 fined $27,500 for short interest misrepresentation.
+   * 2013 fined $65,000 for FTD violations.
+* [**J.P. Morgan Chase - 490 FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/79)
+   * 2005-2006 fined $26,500 for short interest misrepresentation.
+   * 2006-2013 fined $375,000 for short interest misrepresentation.
+   * 2010-2014 fined $2,300,000 for options misrepresentation.
+* [**Jefferies & Company - 90  FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/2347)
+   * 2007 fined $525,000 for short interest misrepresentation.
+   * 2012 fined $62,500 for short interest misrepresentation.
+   * 2014 fined $235,000 for short interest misrepresentation.
+* [**UBS Securities - 288  FINRA violations as of 2021**](https://brokercheck.finra.org/firm/summary/7654)
+   * 2006-2009 fined $225,000 for 437 occasions of misrepresentation.
+   * 2009 fined $12,000,000 for FTD violations and configuring clients to bypass reg-sho locate requirements.
+   * 2014 fined $7,500 for misrepresenting short interest in 1,580 positions totaling 262,260,266 shares.
+
+[ Tell me again, Mr. Bob Schifellite of Broadridge, how we arrived at only 0.33% over-voting with all those revolving FTD's at the DTCC's bulk fungibus. ](https://preview.redd.it/8yf89a5qdi771.png?width=500&format=png&auto=webp&s=f43abeef46c2ea6cdf0f6bbabe933b77fd7d553a)
+
+So was it that Mr. Schifellite was disclosing a number which excluded all the FTD's? Or was it a sample size of non-threshold securities; maybe even threshold securities which didn't over-vote? Remember, at the time there were 100-300+ threshold securities year over year... (if anyone has more data on threshold securities between 2009-2020). 
+
+Also, mind Broadridge's top client, Merill Lynch, which had **9 billion shares outstanding** in 2014 (That we knew about). Very liquid.
+
+In essence, Broadridge's top 2009 clients have attempted to benefit from (and have been caught red-handed) in not disclosing their short interest and/or covering their FTD's. For years and years and years.
+
+* This is illegal.
+* This is market manipulation.
+* Broadridge enables the market manipulation.
+* SEC hasn't prevented the market manipulation for more than a decade.
+* Has the SEC been bribed or persuaded that misrepresenting short interest and misrepresenting the shareholder votes is an industry best-practice?
+* Can you be bribed or persuaded?
+* Should this be allowed to continue happening?
+
+**Okay, we see the evidence of rehypothecation and the accusations of vote cover-up. But is it real? How does FINRA validate that Broadridge's client's short interest has been repeatedly misrepresented over the past decade and beyond?**
+
+Well, the only true control is in correlating each bank/broker's submitted report with a quantity of FTD's in the DTCC's bulk fungible accounts. I.E the fungible accounts are the source of truth and source of voting-power. 
+
+In the 2007 round table, the panel provides a thousand excuses for not disclosing FTD's. You can pick any one of them. Some of my favorites are \[sic\]:
+
+1. The system is working, don't question it.
+2. We hazard to say that changing the system would yield unwanted consequences.
+3. It would reveal the pervasiveness of the issue, but the issue is not pervasive.
+4. It's just happening overseas, not in the good ole U.S.A.
+5. It would expose the vulnerability of market participants, creating unfair advantage.
+6. The DTCC did a good job of bringing us out of 1970 and into the modern era. Give them lots of credit to keep doing what they do.
+
+If the DTCC was really formed to facilitate the transfer of securities from paper to electronic format, it seems to have stopped evolving alongside the world's technological cohorts at some point. 
+
+If the die-hard proponents of this sloppy system chose THIS hill to fight on, and won't reveal the truth about how much money the banks and brokers are printing all the time, let the over-reporting be our compass of illumination. 
+
+Broadridge is delighted to inform you that they are the one-stop-shop for over-reporting prevention, and also an independently-audited company! They boast about it on every shareholder report and comment to the SEC. But loose lips sink ships, and I am very happy to tell you that the independent audit does indeed surprise and delight.
+
+# Chapter 10: Hello, my name is Independent Auditor, Deloitte.
+
+[ Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a multinational professional services network with offices in over 150 countries and territories around the world. ](https://preview.redd.it/tdq2dxl7gi771.png?width=299&format=png&auto=webp&s=743ca873d0d8d1270db51c9e12a69c42fc08eff5)
+
+[In 2010, Deloitte provided an independent audit of Broadridge's IT systems](https://www.sec.gov/comments/s7-14-10/s71410-264.pdf). The methodology for relieving you of your votes is disclosed within section 13.1 of the report. This confidential report was provided by comment from Broadridge to the SEC, thus making it public information.
+
+https://preview.redd.it/hdsqthphhi771.png?width=1012&format=png&auto=webp&s=c0189e9f42fc1b4db6f6c676527f4387c5a8dab0
+
+So let's get this straight. In their desperation to prove their credibility to the SEC, **Broadridge has inadvertently disclosed (to the Public) that it hides misrepresented short interest through vote count obfuscation.** The process is as follows:
+
+1. Broadridge tells DTCC to provide **a special feed** for its subscribing client's accounts. (I.E the ones with all the FINRA violations for misrepresented short interest).
+2. DTCC supplies a feed for Over-Vote Service Clients. (I.E **people who pay money to measure how close they've come to being quantitatively exposed for financial misconduct.)**
+3. DTCC then provides a ***second feed*** which is **authorized** by the Corporation issuing the shareholder vote. (I.E smoke and mirrors for the patsy corporation/tabulator to sign-off, all legal-like to **authenticate the vote in spite of securities fraud.)**
+4. Separate calculations are performed for each bank/broker's voting entitlement. (I.E **reconciling all the short interest misrepresentation** as best they can to ascribe reasonable entitlements **without being forced to cover** insurmountable and/or undesirable short interest).
+5. The entire process exists with the express purpose of **warning the banks/brokers** who subscribe to Broadridge. (I.E the ones with all the FINRA violations, paying money to measure their public exposure without being forced to cover.)
+6. In the event that over-voting is detected, the banks/brokers are given the opportunity to change their answer. (I.E **Lie to everyone about the obligations they don't want to/can't fulfill.**)
+7. Deloitte audits the process and confirms that it is working. (As intended).
+8. SEC pats itself on the back for doing some actual work in 2005. (PornHub founded May 25, 2007.) **SEC allows banks, brokers and Broadridge to run rampant with the public's money for 12+ years.**
+9. ~~Profit.~~
+10. **Moon.**
+
+# Chapter 11: They're going to file for it.
+
+One thing is for certain, and evidenced by all the action above. DTCC might fuck around, but it doesn't fuck *around*.
+
+* All
+* Shorts
+* Must
+* Cover
+
+Even if they go kicking and screaming into the night. And they will TRY ANYTHING to evade this responsibility.
+
+**Are Apes going to let them get away with it?**
+
+* I think not. 
+* At this stage, the DD will flow indefinitely and cannot be ignored. 
+* Ignorance will be the SEC's and Politician's ammunition. 
+* Hold them accountable. Don't be misinformed, they are accountable to you on every level. 
+* Market Makers will concede to financial reform in order to evade criminal prosecution.
+
+**There is a Chinese saying, "I hope you are not born into a time of change."**
+
+* Well, Gen-X, Gen-Z, Gen-Y, Millenials, even Boomers...
+* We were all born into it. Problems like this have persisted since the 1900's.
+* But as of 2021, the financial industry has peaked. 
+* The searchlight has been cast and now the cockroaches all scatter.
+
+**In conclusion, let us recap the five key-narrative points which led us to this moment:**
+
+1. **The DTCC and Broadridge enable the cover up.** And for this, they too shall answer. They're like two international arms dealers in Wallstreet's Financial War on the Heart of America. One supplies the guns, the other provides the ammo. But it was only ever about keeping the money laundering system in place for all the banks and brokers who pay homage.
+2. **Many banks and brokers are the financial terrorists** who buy the guns and pull the trigger. They just got caught holding the smoking gun. One round left in the chamber.
+3. **The SEC is the idiot diplomat** who needs your judgement, because they're hesitant to get involved due to Geneva convention and lack of intel, but they're kinda having to escalate the stakes and enter into sterner negotiations to get shit done before their centennial anniversary on June 6, 2034. (Tits stay jak for SEC reform.)
+4. **The shareholders and the corporations are the victims.** (But not the Sarah Mclachlan Arms of an Angel kind of victims, they are the vindictive super hero who just discovered the extent of their new power). Their shares have been diluted, and the value can be driven down by an illegitimate excess in supply at any date and time of the bank's and/or broker's choosing. Also, we've been lied to and that will not go unpunished in the context of reform.
+5. **No analyst can** ***truly*** **make an accurate guess as to the fundamentals of a security.** We're all playing cards with too many decks and the dealers want to shuffle your winning hand. But the card counting machine just blew up and the game is becoming more exposed until it's all out on the table. 
+
+Anyway, buckle up and buy your holds. Enjoy the simulation.
+
+​
+
+[Painting by Android Jones.](https://preview.redd.it/1rj1045gii771.png?width=960&format=png&auto=webp&s=e637b101a8231bf23f67fc58dbb1fbfd989a4091)
+Hi
+
+I’m single, 28 and have an 80K salary. I have 150K savings in the bank and looking to buy a house vs renting. Currently living with family and pay no rent. Living in London
+
+Is it wise to get on the property alone now or would you wait until you had a partner? 
+
+I can borrow 400K mortgage and have 150K. I would like to move out but wondering if I should wait until i have a second person or if I should just go ahead.
+
+I think house prices may continue to rise over 5 years so is it better to buy now rather than cause my savings to lose value sitting in cash?
+
+Thanks!
+Hi all,
+
+I have several relatives and friends who are part of Mastermind groups such as EO and YPO (and in some cases, both!) They say they get a lot out of it, particularly with the Forum/Mastermind group concept. 
+
+However, because it's so confidential, I haven't actually heard WHAT makes it so special. Since this forum is anonymous, I want to hear from people on this sub as to what makes the Forum/Mastermind concept so special, and why people in these organisations can't seem to stop talking about it.
+
+P.S. If the last line comes off as too jaded, it probably is. Everytime I meet one of these relatives, it's like that joke about Harvard ("How do you know someone went to Harvard? He'll mention it in the first five minutes of him meeting you") - they just can't go one conversation without referring to Forum/those organisations.
+So the last SGB tranche was issued on 30th August 2022. RBI issued these bonds at a discount of Rs 50 per gram of gold. However, it seems that these bonds are for sale on Kite as well. I just wanna know the drawbacks of buying gold this way, because it seems too good to be true.  
+
+1. Suppose i buy the bond now, will i get the 2.5% interest corresponding to this half of the financial year? Since interest is credited semi annually and annually. I'm just interested to know how the rbi will know that i now own these bonds having bought them on kite. Also, i can take advantage by buying the bonds like a few days before first interest payment so that I can put that money elsewhere for the first 6 months.  
+  
+2. Why is there a discount? Like, there must be a reason the seller is selling the bonds for less than what he bought it for from the RBI (apart from a short term fall in gold prices). Or is this a "free lunch"?  
+
+3. I can sell these bonds anytime i want right? Unlike the minimum 5 years and maximum 8 years prescribed by RBI if i buy the bonds from there. Which means the only disadvantage of SGB over Gold MFs, i.e. the soft lock in period, now disappears.   
+ 
+4. Will i still get a ltcg tax exemption if i sell the bonds on maturity after 8 years, as is the case for direct purchase? If so, how do I claim this deduction, given that the entire transactions take place on kite, making it possibly difficult for rbi/itd to know that this particular capital gains transaction is tax free? By simply not including it in my tax return?  
+  
+  
+5. (Edit) since the bonds were issued from the same tranche, no matter when I purchase them, the maturity WILL come in August 2030 with a tax free return right? And this sale on maturity will be to the RBI right (as opposed to selling them on kite).  
+  
+  
+Would also appreciate any pointers on the very idea of buying SGB. I have a moderately high risk appetite given that I'm living in my parents home at a young unmarried age. But i wanna hedge the possibility of markets falling with the resultant gold price rising, guaranteeing that i do not lose much money in the long term. I feel SGBs are the best way to buy gold, thanks to the interest and the rbi provided discount on the price of gold. Thanks in advance.
+Hello. I inherited a large amount of money from a family member when they passed away several years ago. Most of their holdings were in real estate/business. I sold off those things for cash because I am not a business owner/manager and do not want to be. Years have gone by and I have pretty much finalized the estate with an estate lawyer.
+
+I have been working with a financial consultant for the last 5 years & I am ready to move on. He is an asshole and only likes to listen to the sound of his own voice. He doesn't take any of my concerns into advisement. He also buys a very small pool of stocks in each of my accounts and doesn't seem to check on them very much. 
+
+Right now I have about 2 mil. About half is in an IRA & half in TOD and ttee accounts. 
+
+I've been doing a lot of research on how to FIRE. My goal is to go back to school finish my bachelors and masters degrees in 5 years & live on the income from the investment. After graduation I hope to reduce the income while I am working for money. 
+
+I'm 30 & single. I don't feel like I understand enough about investment to confidently run my own portfolio. But I also do not want to get screwed over by another financial consultant. I've gone to meetings with several banks now. They all tell me the same thing, because they all run similar simulations. If I only take about $40,000k in income the money has a 99% likelihood of lasting until I'm 90. Which is great. So should I leave the consulting all together? How do I better educate myself? I understand the basics but when I read articles I feel like I'm reading french. 
+
+There's a big part of me that just wants to throw it all at a robo-investor and never think about this again. 
+I'm 35. I just charted out the rest of my life until my expected death at age 82.  I consider anything above 50 to be "old", so I've been planning my life as though I have 15 years left to live, in a sense. 
+
+To state the obvious, there are 32 YEARS between the ages of 50 and 82.  That's almost as long as I have lived so far. I didn't fully appreciate it until I had every year laid out in a spreadsheet.
+
+I'm already pretty close to FI, so I was looking at a retirement age of 40.  But now I'm considering 50 or 55, with a FatFIRE mindset, given just how long I'll statistically have to live after that.
+I am 19 years old and in an apprentice program to get my lobster license. I'm making really good money and have a bunch saved but I don't have any credit. How can I raise my credit to get a loan for a boat in the next few years? 
+[Link to the full article (4 min read)](https://www.reuters.com/markets/us/biden-lay-out-plan-complete-emergency-oil-sales-spark-us-production-2022-10-18/) US President Joe Biden plans on releasing an additional 15 million barrels of oil from the reserves to help keep oil prices low. He also asked US energy companies to stop using profits to buy back stock, and to invest in production instead. The US had already announced a release of 180 million barrels of oil earlier this year. The Strategic Petroleum Reserves is currently about half full and at its lowest level since 1984. The news faced some criticism as the reserves are being tapped into for political reasons and not for an emergency like it was intended.
+
+**Get more bite-sized market news like this straight to your inbox at** [**investorsnippets.com**](https://investorsnippets.com/)
+Powell talked about how hard to predict the balance sheet effect compared to interest rate as it is newer tool.
+I didnt understand what exactly is this tool or change is about.
+Do anyone understand this and care to explain pleaee ?
+That’s almost over 53K ETH with only fee of $1.93. 
+
+Source: https://twitter.com/watcherguru/status/1537861363233656832?s=21&t=nrBxpSBKe-VfaVjfz2sUVQ
+[Guggenheim](https://cryptoslate.com/wall-street-fund-manager-that-called-for-400000-bitcoin-take-money-off-the-table/) Partners, one of the world’s largest fund managers with $270 billion in client assets under management, is seeking exposure to [Bitcoin](https://cryptoslate.com/coins/bitcoin/) as part of a new fund, a [filing](https://www.sec.gov/Archives/edgar/data/0001864208/000182126821000253/gug82397-n2.htm) with the US Securities and Exchange Commission (SEC) showed yesterday.   
+
+
+ The fund, officially the ‘Guggenheim Active Allocation Fund,’ will invest in cryptocurrencies (mainly Bitcoin) as part of a larger bracket of traditional and alternative assets. It shall utilize quantitative and qualitative analysis to identify securities with attractive relative value and risk/reward characteristics. 
+
+[https://cryptoslate.com/270-billion-fund-guggenheim-is-seeking-bitcoin-exposure-sec-filing-shows/](https://cryptoslate.com/270-billion-fund-guggenheim-is-seeking-bitcoin-exposure-sec-filing-shows/)
+As you probably already noticed I don't really know anything about economics but here's my thinking: If you could pay for things with otherwise useless plastic, directly or indirectly, that would encourage companies to recycle a larger amount of their products with less plastic ending up in nature. 
+
+Also there would be more plastic collected out of the sea and other places where it ends up. Recycling would take in an important role because oil is of course limited. 
+
+But the most important thing is that there wouldn't be any more plastic waste because it has value to people. they wouldn't just let a piece of plastic which can actually feed their family lie on the ground and walk past it.
+
+As I said I'm a zero in economics and my idea is probably not possible in reality. I would like to know why it isn't possible.
+
+Edit: Thanks a lot for your answers! I think I can understand now.
+Two events inspired me to ask this question:
+
+1) Despite a near unanimous consensus among economists, there is still a prevailing protectionist political sentiment.  This has most recently culminated into tariffs on steel and aluminium imports, and has also resulted in a trade dispute with Canada over softwood lumber.  
+
+2) From my own anecdotes, whenever I show people IGM polls or economics literature that goes against the prevailing narrative regarding topics such as minimum wage, rent control, free trade, etc.; they usually just dismiss the evidence out of hand.
+
+I know you are not psychologists, and this question is loaded in the sense that it is not a direct question about an economics topic.  But, as individuals with opinions, why do you think there is such a mistrust of economists in the United States?  
+I read that the U.S National Debt's **interest** is now greater than the annual military budget. As an economic layman it seems the national debt isn't a big deal until it reaches a certain percentage of GDP.. Say the point where we can't even pay off the interest..
+
+What exactly is the *"oops"* point of national debt, at what point do we need to start worrying?
+
+Similarly, what is the point of no-return for our national debt? A point wherein we can't repay our debt and must default?
+
+*Thanks!*
+
+
+My dear sweet apes - I had an insane idea last night reading all the GG posts (why do the craziest ideas come in the middle of the night?!?!?)  ***What if we invited GG for an AMA?*** I am just a smooth brain ape that has no involvement with the AMA team, nor do I know anything about the process of AMA. I could be fuking nuts and this could be totally impossible, but crazy ideas bring on change, amirite? Wish I could make this post a poll, just to take the temp of the sub. There is a sliver of hope that this idea could work - the fact that he is on social media and MSM, addressing the same concerns - such as dark pools and short selling. IDK I could be fuking nuts. Just writing this feels absolutely insane.
+
+Ya, I could be totally off with this idea - go ahead and crush me for it - I will continue to buy and hodl.
+
+Taggin the Mods for them to see this ridiculous idea [**u/Bye\_Triangle**](https://www.reddit.com/user/Bye_Triangle/) [**u/jsmar18**](https://www.reddit.com/user/jsmar18/) [**u/\_Badtothebone\_**](https://www.reddit.com/user/_Badtothebone_/) [**u/ButtFarm69**](https://www.reddit.com/user/ButtFarm69/) [**u/Nauaf101**](https://www.reddit.com/user/Nauaf101/) **- Not sure which mods to even tag - left out the satori squad**
+
+edit - tagging [u/dlauer](https://www.reddit.com/u/dlauer) [u/atobitt](https://www.reddit.com/u/atobitt) [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol)
+
+Edit 2 - Thanks for the awards apes! It seems that an AMA would be a little tricky, and the best idea would to be have a very structured educational session with GG - if anything at all happens. I truly love this sub. Excellent ideas, thoughts, angles to look at this.🦍❤️🦍🚀💎🖐🍌🍦🍌🍦🍌🍦🍌🍦
+Retiring early comes at a price, and looking around in this subreddit and seeing so many High-status, High-powered, busy-sounding jobs, it makes me wonder if time with your family is part of it.
+
+The average family working towards fatfire on this sub from what I have seen is 2 or less kids, usually under the age of 13, born to parents somewhere between the ages of 27 and 40. The point of fatfire is to earn your years back, so to speak; years of free time to do whatever pleases you with the people you love with all the money you'd need to enjoy it.
+
+But my question to the people who do have families, perhaps with older kids or families less represented in Western society that include grandparents who live in the home, for example, or other permanent extended family living in the house...
+
+Could you say that FatFire and the time-consuming pursuit of it has impacted your familial relationships greatly? Positively or negatively is fine. How has the impact changed as all parties involved grew older? 
+
+ In fact, here's a fun question for the people who have fatfired: Do your kids realise the full extent of their economic situation, or how globally unique they are? Does it / did it change how anything in your family worked?
+
+It's always been something I've wanted to know and I'd appreciate any insight into your lives. Have a great day!
+Hello, fellow theta warriors,
+
+I've been selling wide ICs since May.
+
+All of them expire the same week as earnings. I sell them right before earnings and close them immediately after unless the stock price stays flat and my strikes are so far away that my closing order could not get filled.
+
+Sold 19 times and won 19 times (I haven't closed my FB/AMZN plays yet, which was sold yesterday).
+
+I know someone will say this is picking up pennies in front of a steamroller. Indeed, I used to sell ICs with risk as high as $60K. But now I limit the max loss to $20K and never do more than two plays at the same time.
+
+As for picking tickers, I first filter out low liquidity ones (unless the IV is really high), then choose from those with an IV of 80% - 200%. After that, I only follow my **instinct** whether this stock will fuck me up or not. I do go to WSB to see if a stock is over-hyped or not and adjust my instinct basing on that. But I never check the company's previous earnings, nor read technical analysis, nor draw a line on the chart or anything.
+
+For stikes, I check the 6-month chart to get a feeling on what strike is safe. Then I try to find a play that risks $20K and win $2K \~ $6K. If the play is not good enough, I simply give up and wait for next week.
+
+I almost got fucked a few times but eventually won. And I almost bought INTC & QCOM recently (for which I will definitely lose but I indeed gave them up as the plays did not look good enough).
+
+​
+
+**My theory:**
+
+1. The market knows the price better than me do no matter how much research I perform on the ticker. The price right before earnings reflects the most anticipated price after the earnings (i.e., priced in). Assume the market is effective, this is actually the BEST guess you can have on the stock price after earnings (imagine the peak on a normal distribution).
+2. High IV stocks are hyped by crazy people (WSB, Robinhood, etc.) who want to become rich in one trade. Option price before earnings are comprised of: \[true option price with expected movements priced in\] + \[a chance to become rich\]. My understanding is that the former has an expected profit of 0 (meaning if you do it enough times, your profit tends to be close to 0). And I'm collecting money not from the former but the latter part.
+
+​
+
+**My questions:**
+
+Is it a good strategy or pure luck?
+
+What other risks in this strategy am I missing?
+
+Is it better to close a seemly super safe ICs right after earnings or wait for it to expire?
+
+Can the strategy be tuned to have higher (expected) profit but the same or lower risk?
+
+​
+
+I'd really appreciate it if you can give me some insights.
+
+​
+
+​
+
+[My plays so far](https://preview.redd.it/ytcstqxck8e51.jpg?width=565&format=pjpg&auto=webp&s=68b7cebea631466b1b9c835ac62fe1ed90cf627a)
+
+​
+
+​
+
+[The play I had today, screenshot from Fidelity Active Trader Pro](https://preview.redd.it/xyjjus5hq8e51.jpg?width=1076&format=pjpg&auto=webp&s=4f69dd1b79fe50b48ac3fd19ac090118ec1a8203)
+Hello, fellow theta warriors,
+
+I've been selling wide ICs since May.
+
+All of them expire the same week as earnings. I sell them right before earnings and close them immediately after unless the stock price stays flat and my strikes are so far away that my closing order could not get filled.
+
+Sold 19 times and won 19 times (I haven't closed my FB/AMZN plays yet, which was sold yesterday).
+
+I know someone will say this is picking up pennies in front of a steamroller. Indeed, I used to sell ICs with risk as high as $60K. But now I limit the max loss to $20K and never do more than two plays at the same time.
+
+As for picking tickers, I first filter out low liquidity ones (unless the IV is really high), then choose from those with an IV of 80% - 200%. After that, I only follow my **instinct** whether this stock will fuck me up or not. I do go to WSB to see if a stock is over-hyped or not and adjust my instinct basing on that. But I never check the company's previous earnings, nor read technical analysis, nor draw a line on the chart or anything.
+
+For stikes, I check the 6-month chart to get a feeling on what strike is safe. Then I try to find a play that risks $20K and win $2K \~ $6K. If the play is not good enough, I simply give up and wait for next week.
+
+I almost got fucked a few times but eventually won. And I almost bought INTC & QCOM recently (for which I will definitely lose but I indeed gave them up as the plays did not look good enough).
+
+​
+
+**My theory:**
+
+1. The market knows the price better than me do no matter how much research I perform on the ticker. The price right before earnings reflects the most anticipated price after the earnings (i.e., priced in). Assume the market is effective, this is actually the BEST guess you can have on the stock price after earnings (imagine the peak on a normal distribution).
+2. High IV stocks are hyped by crazy people (WSB, Robinhood, etc.) who want to become rich in one trade. Option price before earnings are comprised of: \[true option price with expected movements priced in\] + \[a chance to become rich\]. My understanding is that the former has an expected profit of 0 (meaning if you do it enough times, your profit tends to be close to 0). And I'm collecting money not from the former but the latter part.
+
+​
+
+**My questions:**
+
+Is it a good strategy or pure luck?
+
+What other risks in this strategy am I missing?
+
+Is it better to close a seemly super safe ICs right after earnings or wait for it to expire?
+
+Can the strategy be tuned to have higher (expected) profit but the same or lower risk?
+
+​
+
+I'd really appreciate it if you can give me some insights.
+
+​
+
+​
+
+[My plays so far](https://preview.redd.it/ytcstqxck8e51.jpg?width=565&format=pjpg&auto=webp&s=68b7cebea631466b1b9c835ac62fe1ed90cf627a)
+
+​
+
+​
+
+[The play I had today, screenshot from Fidelity Active Trader Pro](https://preview.redd.it/xyjjus5hq8e51.jpg?width=1076&format=pjpg&auto=webp&s=4f69dd1b79fe50b48ac3fd19ac090118ec1a8203)
+What is some advice you would like to give your past self on your journey to fatFIRE?
+
+I am in my early 30s, on my way to fatFIRE. The older I grow and the more I mature as a father and a professional. I realize the things which I have learned the hard way could have been implemented in my life earlier.
+
+e.g. I wish I had not wasted a lot of time and effort trying to find the best solution for problems in general, especially when the cost of getting it wrong is so low. As a tangible example, I spend days researching the best coffee grinder before ordering it. I could have just gone with the amazon bestseller and even if it was a bad choice I would be out $50.00. I would have rather spent that week reading a good book or done something more productive.
+
+This is not a one-off example, this has been a pattern with my behavior which I could have changed years ago, but I am just recognizing it now.
+
+It would be great if you guys can share your learnings, so the community can adopt it and better themselves.
+
+Edit: Thanks for sharing your wisdom, everyone. My goal is to leverage you guys. [https://en.wikipedia.org/wiki/Standing\_on\_the\_shoulders\_of\_giants](https://en.wikipedia.org/wiki/Standing_on_the_shoulders_of_giants)
+Hello Reddit,
+
+I'm a 23 year old guy from Belgium. I started to work full time in March of this year. Here is my financial situations right now: 
+
+* I still live at home and i'm **saving 1000€ each month** right now. (I would like to get this up to 1200-1500€ but i have planned an expensive holiday and i just spend too much money on food...) 
+* I **earn about 2000€ each month** after taxes and i don't have real expenses right now except for lunch at work which usually is a couple of euros and my gym membership which is 43€/month. (and the occasional gift for my girlfriend :D)
+* My **car, laptop, phone with subscription etc. is all payed for** by the company.  
+* I also have **private pension savings through my company** but maybe i should look into pension saving myself as well since i can deduct 30% of what i save from my taxes. (This tax reduction only counts for savings up to \~1000€/year)
+* When this month (August) is over i'll have **10.000€ in a regular savings account** at my bank. This is my emergency fund of which i could easily live off for a year at the moment.
+* I also have another **savings account at the bank with 1000€** which is money i would allow myself to use when i would want to make a big purchase (think: computer, spending a weekend with my girlfriend somewhere, some expensive toy...) This is actually sort of my emergency fund right now since i don't have big expenses anyway.
+* Over the last couple of months i have **invested 3000€ in to crypto currencies** (80%+ of which is bitcoin). This is **worth 4500€ at the time of writing**. This is all money i am prepared to lose and i'm planning to keep it at least 5 years. (Right now it is stored on Coinbase but i'm planning to eventually put it on a hardware wallet so it is safer)
+* I'm **not planning to rent or buy a home for the next 4 years** because my girlfriend has still at least 3 years of studying ahead of her. (in the next 4 years i could easily save another 50.000€ but i'm counting on at least 60.000€)
+* I've already did online **research on the stock market** myself as well as take a small basic fundamental analysis course. 
+
+This is what i would like to do:
+
+* Start investing in the **stock market**. (I've already created an account at Degiro, which looks like the best option for me)
+* I would like to focus on **dividend investing** because I eventually want to generate a nice passive income stream.
+* Thinking of **starting of with an accumulating ETF** since Degiro has some ETF's which can be bought without fees.
+
+This is what i am thinking about right now and this is also where I would like some thoughts and input:
+
+* I want to start and put at least **1000€/month in the following ETF**:  ISHARES MSCI WOR A (IE00B4L5Y983)
+   * Why?
+      * It is an accumulating ETF so i don't have to worry about reinvesting
+      * I can buy it on Degiro without purchasing fees
+      * It has a low operating cost of 0.20%/year
+   * I'm planning on **investing about 10.000€ in this ETF** over the coming months
+* I don't want to only ever be invested in this one ETF for the following reasons
+   * I would like to **diversify more**, this etf is 60%+ US Stocks and i feel like the american stock market is pretty highly valued right now.
+   * I want some **higher yielding single stocks** as well.
+   * I Belgium **the first 600-800€** (have to look in to the details) **of dividends received are tax free** so i feel like i should take advantage of this by investing in single high yielding good dividend stocks as well.
+   * I'm thinking about eventually having this ETF (and maybe 1-2 others to diversify) counting for **50% of my portfolio** and the **other 50% would be single stocks**. 
+* I'm **not thinking about bonds right now since i'm still young**. Maybe i eventually start a pensions savings account myself in which i will focus on bonds since my regular investing account will be all stocks.
+* **Should I wait till after the Brexit due date** of October 31 since a hard Brexit could maybe bring a world wide financial shock wave with it?
+
+​
+
+​
+
+Thank you so much for reading this entire post! Am I missing things? What am i forgetting? Is this a decent plan? What should i do with my investments when i want to buy a home in 4-5 years?
+
+I'm looking forward to the comments!
+
+​
+
+Have a good day,
+
+Milati
+Alright, I don't know precisely how this ties into MOASS, but I do know this subreddit is particularly interested in information about irregular economic activities that indicate we are nearing an economic black swan event.
+
+I noticed something particularly odd today... something that I know almost NO ONE is paying attention to.
+
+**The Federal Reserve has quietly accumulated $164B worth of the IMF's international currency called the Special Drawing Right, or SDR.**
+
+Source: [https://www.federalreserve.gov/data/intlsumm/current.htm](https://www.federalreserve.gov/data/intlsumm/current.htm)
+
+# So wtf is an SDR?
+
+SDR's are the currency that the IMF used and still uses to bailout countries. You may recall that the IMF was bailing out countries like Greece and Ukraine a few years ago, and the news stories were always reported in "*bailouts worth X billion USD*". I have been paying attention to SDR's ever since the day I decided to dig a little deeper and figure out who was actually paying for all those bailouts. Turns out the IMF was not sending these countries greenbacks, they were instead paying them in SDR's.
+
+These SDR's were once a unit that was backed by physical gold, but in recent history they have been reformed and they are exchangeable for a basket of fiat, which is reflective of the global economy.
+
+Currently the SDR is backed by a combination of the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.
+
+You can read more about the Greece SDR payments here on trusty Wikipedia: [https://en.wikipedia.org/wiki/Greece\_and\_the\_International\_Monetary\_Fund](https://en.wikipedia.org/wiki/Greece_and_the_International_Monetary_Fund)
+
+And you can read more about the IMF's public information about SDR's here:
+
+[https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR)
+
+# Why does it matter?
+
+In my experience, SDR's and their use are NOT widely discussed or even known about by ANYONE ANYWHERE, so I encourage you to do your own research.
+
+That being said, I am personally of the opinion that despite the way the IMF talks about SDRs "not being a currency", the SDR is in fact a de facto global currency... because they create them and then use them to give countries money.
+
+Given their history of being used to bail out nations, SDRs are the ultimate backstop for the global economic system.
+
+I also personally believe that every single global government was on a mathematical path to long term insolvency, BEFORE the pandemic. The fact is that they ALL spend more money than they bring in, and that math doesn't lie.
+
+The question then remains, what would happen when it comes time to pay the piper?
+
+I am firmly of the OPINION that the response to a real global economic shit storm will be to bail out entire nations and their central banks. And I am firmly of the OPINION that this will be done by the IMF using SDR's.
+
+Remember when the governments had to bail out the banks? Well who bails out the government next time? The IMF.
+
+How do they do it? SDRs.
+
+So I wonder why the Fed suddenly own $164B worth of em.
+
+# TLDR?
+
+**The Fed is quietly loading up on an international currency that will be used to bail out the world after the mother of all shit storms.**
+
+​
+I've been investing in mutual funds, debt funds and RD. I'm an NRi & the amount I invest every month is high(lacs).
+
+What will happen to all of it if we get hit by a recession like 2008? Will the amount in my RD, debt funds and bank account remain intact and unaffected?
+
+
+I don't own any property or other forms of wealth. Literally all my money is invested, so I hope you can see my concern of losing everything I have, everything I've worked for, wiped overnight.
+
+What can I do to ensure to be on the safe side?
+
+The TIL post on top of r/all about recession got me thinking.
+
+Edit: Not sure why I'm being downboated for asking a serious concerning question but okay.. weird flexes are welcome.
+tl;dr Buy the cheapest house you’ll be happy with, not the most house you can afford. If you want to retire early, anyway.
+
+Long story: I work in tech and was talking with the head of sales for my company. He also happens to be a friend, and we talk investing and finance a lot. Smart guy, pulling in over $750,000 a year, and has been earning high six figures for a long time. But, he’s 48 and unlikely to ever RE, although he would like to.
+
+He lives a fat lifestyle (cool by me, but just saying). Young kids in private schools. Nice car, watches, same for his wife. But the real FAT for him is housing. He has a $2m+ place in Cabo and a $4m+ house Bay Area, both bought within the past 5 years on typical terms but largely financed. Bottom line, his mortgage+tax costs are close to $20k per month. He still saves in his investment account and maxes every retirement account he has, but with $240k-ish in annual mortgage payments, and other significant lifestyle expenses, he needs to set aside a massive chunk of change to retire. He didn’t share all the details, but I get the sense he’s got $1m+ socked away, but nowhere near enough to start pondering RE. 
+
+Just downsize or sell the Cabo place and RE, right? That’s what I said. Well, they love the house, the kids are friends with the neighbors, it’s convenient for school and work, etc etc. Unusually for second home owners, they actually use the Cabo place a fair amount, with at least 10 weekends plus another week or two vacation each year. They rent it out to offset costs, but have had some bad experiences so now they only rent to friends three or four times a year.
+
+The point? RE (Real estate) choices make or break your RE (retire early) in fatFIRE. They’ve made the conscious choice to forego early retirement so they can live a super fat real estate life. But, he said if he had to do it all over again he would have tried to spend at least $1m less on their main house and $750k less on the Cabo place, setting their lifestyle at a lower level from the start and making a quasi-RE at 55-57 a possibility. Although it would feel like a huge downgrade if they made those choices now, it probably wouldn’t have changed their lives much if they had made more affordable choices in the beginning. But, they bought the max of what they could afford (maybe over), and he’s gonna be slugging it out till he’s 65 or the kids are off to college and they can downsize or move full time to Cabo.
+Currently I am full time employed, however I haven't worked since my diagnosis in November 2020 - I'd been considering a return to work recently however scans show my cancer has begun to grow again after chemotherapy so I put it on hold while things were up in the air again.
+
+Over the last 12 months I've completely drained my savings so I'm left with no income besides the £152 weekly personal independence payment that I am eligible for due to my condition, I can return to work on a phased return at any point once I give my work notice that I'd like to return.
+
+Luckily as of now my symptoms are somewhat minor so I can still be independent, but I'd really like to cross some items off the bucket list before it becomes a struggle to do so (travel, dining etc.). 
+
+I am considering taking out a small loan for ~10k for upcoming holiday plans under the assumption that I'll be able to work soon and earn enough to pay it off, of course with how unpredictable the progression of my condition may be, something may happen to leave me incapable of working to pay it off. In the case of my death, who would the debt then fall under? I am unmarried with a partner, and we have gone from renting to living with her parents since it's been more sustainable after I've stopped working. 
+
+Also (entirely out of curiosity) what is to stop a person with terminal illness from taking out a large unsecured loan for up to 50k? Could I theoretically do such a thing and then die without the responsibility of the debt falling on my relatives? Or would a loan of that size require a co-sign
+The ATH back in April was just 4k more, but this trend up has been a lot more healthy than the last time, the fear & greed index is all green and there's not much FUD going around.  
+
+And the best part is that the Bull will only become stronger when we breach the ATH, that's gonna generate a lot of hype and FOMO again that it might even get us close to 100k, and don't get me started on what would happen if we managed to break the 100k barrier  🤯  
+
+Sorry guys, I'm just like reaaaally hyped right now and had to vent, this are just my thoughts not financial advice.
+​
+
+https://preview.redd.it/bedcno9nvpi81.jpg?width=700&format=pjpg&auto=webp&s=a325e3a049c93e16f2120d24b82de9a91d6fdacb
+
+*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/)
+
+# The Business
+
+https://preview.redd.it/a5hcd8movpi81.png?width=900&format=png&auto=webp&s=bc7b8af4039683eabf2529f391bb5b75f1561e17
+
+Costa group traces its founding all the way back to late 1800s with Francesco Costa, an Italian immigrant to Australia who was an aspiring wine maker. His sons continued his legacy in the food industry running the Geelong Covent Garden food store in VIC. The store was originally established in 1988, and the brothers took full ownership in 1938.
+
+​
+
+[Website promotional photos mashup](https://preview.redd.it/xm3njg7qvpi81.png?width=2000&format=png&auto=webp&s=fd7fc7ce41a60d33d16dda4755f547523bbc0054)
+
+Over the decades since, Costa group grew and took on new partnerships. It has since acquired many other food growing businesses, and now cultivates and supplies tomatoes, bananas, mushrooms, berries, citrus, grapes, and avocados. In addition to that, they run Costa Farms and Logistics, a division which works with independent farmers to act as agents and brokers, as well as offer supply chain management.
+
+​
+
+[Key Customers](https://preview.redd.it/qv4g5p5svpi81.png?width=4072&format=png&auto=webp&s=d466afbc3a1636aeeddb437e362e5b9774b09701)
+
+Their customers include the biggest super market chains in the country. Costa operates farms not only across Australia, but in Morocco and China. With all this, they have become the biggest supplier of fresh produce in Australia. In 2015, they listed onto the ASX and almost immediately were added to the ASX 200.
+
+# The Checklist
+
+* Net Profit: positive all of the last 5 years. Good ✅
+* Outstanding Shares: two moderately sized capital raises (most recent LY). Bad ❌
+* Revenue, Profit, & Equity: R & E trending up, but NPAT has been unreliable L5Y. Neutral ⚪
+* Insider Ownership: 4% w/ major selling in past (prev. CEO), on market buying recently. Neutral ⚪
+* Debt / Equity: 95% w/ Current Ratio of 1.5x. Neutral ⚪
+* ROE: 10.7% Avg L5Y w/ 11.1% CY20. Good ✅
+* Dividend: 2.4% 5Y Avg Yield w/ 2.6% CY20. Bad\* ❌
+* BPS $1.51 (2x P/B) w/ NTA $1.07 (2.8x P/NTA). Neutral ⚪
+* 5Y Avg: SPS $2.13 (1.4x P/S), EPS 10.7cents (27.7x P/E). Bad ❌
+* Growth: +8.9% Avg Revenue Growth L5Y w/ 10.5% CY20. Good ✅
+
+**Fair Value: $2.71**
+
+**Target Buy: $1.80**
+
+^(\*I note the dividend yield as bad for few reasons which I explore in more detail in The Verdict section.)
+
+# The Knife
+
+[marketindex.com.au](https://preview.redd.it/r6jyaxq2wpi81.png?width=1816&format=png&auto=webp&s=b27786a6dff15bff4005f05d1077fe80fa13c6fa)
+
+In June of 2018, CGC reached an all time high of $8.55. Only 3 short years after having listed on the ASX at a touch over $2.00, the company had more than quadrupled their share price. Overextended is probably the right word to use here.
+
+From there, the drop was choppy and volatile. It reached its lowest since that high in Dec of 2019, when it traded at a low of $2.28. Still a bit of above the IPO price, but not by much. At that time shareholders were left with little more than the dividends that they had been paid over the years.
+
+Despite some recovery in the share price since that 2019 low, as of Friday 18/02/22 @ $2.95, Costa is still 65% down on it's 2018 all time high.
+
+# The Diagnosis
+
+The Short Answer: 2018 and 2019 were tough years for farming, not even mentioning 2020  shenanigans.
+
+The Long Answer: Weak agricultural commodity prices were a factor, but I think ultimately CGC is a pretty clear example of the importance of managing market expectations. Multiple misses on earnings. Surprise trading updates and missed guidance really did a number on this previously high flying share.
+
+​
+
+[Anatomy of a Fall](https://preview.redd.it/vqdvvga4wpi81.png?width=1673&format=png&auto=webp&s=5088db26c02625ad65ddf3c8d8e329771afaab47)
+
+Just look at that descent…
+
+https://preview.redd.it/2b5h5v38wpi81.png?width=1200&format=png&auto=webp&s=a0a56d7f99a2a82c3d6acbb20713d08af33610b0
+
+By the end of the 2019 calendar year, CGC was already in a significant down trend, having come off the boil, down about 20% off their all-time high. This was after their latest FY18 Annual report put a dampener on market optimism about future prospects.
+
+Even with the weaker guidance given in that report, CGC not long after came out with a trading update in Jan 2019 claiming “subdued” markets across their businesses and as a result they would fail to meet guidance in their Annual Report for the last half of the calendar year 2018. This caused the most severe of the share price drops. From a close of nearly $7.00 the day before, it dropped on open to just over $4.00. CGC bounced a bit and started a slow choppy recovery, but the share that had been floating in the $7-8 range now struggled to stay over $5.
+
+​
+
+https://preview.redd.it/8a02tif9wpi81.png?width=1600&format=png&auto=webp&s=2c3245608fdf162118caf87f654a9956526d8e0e
+
+Then another brutal opening with a major gap down about 6 months later when during their AGM there was yet another nasty surprise for baghodlers.  Performance was just not quite matching up to guidance yet again. By the time the 1H20 results were in, the share was so beaten down that the gap at open for that sour news was relatively small and short lived.
+
+At least, until the capital raise at the end of 2019 at any rate. A business that traded at $7-8 only a year or two prior, was now issuing potentially 80m new shares for $2.20, and it was for balance sheet “strengthening”, if that doesn’t say it all.
+
+# The Outlook
+
+Fast forward to today, and presumably things look a lot more bullish for CGC. While they are trading quite far off their highs at $2.95, CGC are still a good measure above their lows in 2019. Indeed, when the company went back to baghodlers 2 years later for a second capital raise in 2021, this time to fund a new acquisition, the entitlement price was $3.00, a good 35% higher than the previous SPP.
+
+​
+
+https://preview.redd.it/nnnve5fcwpi81.png?width=1588&format=png&auto=webp&s=ad0b730282c2100a15b6a97dbefe42fae4db1f30
+
+Agriculture commodities are also now in an uptrend since 2020, having previously been steadily falling for years. The Invesco DB Agricultural Fund, which invests in a wide basket of agricultural commodities futures, has recently started making 5 year highs in their fund value. It would seem the larger macro environment for produce prices has finally turned in CGC favour.
+
+​
+
+[From 1H21 Report](https://preview.redd.it/2h1m75xdwpi81.png?width=1193&format=png&auto=webp&s=e59561779d6025af033fa2292b3eec279bc41bb5)
+
+Looking at CGC specifically, their results in the latest report (1H21) were a bit mixed. Though there has been some marked year on year improvement in their berry segment, which accounts for almost a quarter of their sales. Furthermore, expectations are that the market will be more bullish for the rest of their business segments in the future.
+
+**Farmland**
+
+Not only that, but as a means to gain exposure to farmland, CGC is not a terrible pick. With a broad exposure to many locations around Australia, it is one of the more diverse food producer stocks out there. Farmland is often considered a good hedge for inflation, being a bit like a utility, in that its a real asset with an element of necessity inherent in it.
+
+​
+
+[1H21 Report](https://preview.redd.it/di5y58ifwpi81.png?width=2118&format=png&auto=webp&s=9695a981364a502e6ab1165199d38ffd0ab22ff6)
+
+However, it must be said that CGC lease many of the lands that they operate on, so if this is the only reason one is looking to invest in the company, there are perhaps better places to put one’s money to get more complete exposure to farmland itself.
+
+# The Verdict
+
+I think it's important to step back from the positive macro outlook to look back at the years previous. This share was in sharp decline well prior to the last 2 years worth of tumult, and for good reason.
+
+In 2019, CGC helped pitch its balance sheet strengthening capital raise by saying that over the previous 3 years since listing, it had poured $400m of capital into investments to grow the business. And after a couple of capital raises that together are almost another $400m, with additional costs besides, I think its safe to say that CGC has more than doubled that number to quite likely over $1billlion in investments in the last 5 years. That’s a lot of money, and any investor would want to see that CGC were able to get a decent ROIC on that money.
+
+But what has all that money done for the company?
+
+​
+
+https://preview.redd.it/yt13mcshwpi81.png?width=859&format=png&auto=webp&s=c2944badc940278a627ea80cfb9120680611cfc7
+
+Well, just purely looking at the headline numbers, one cannot be faulted for wondering. A new investor with no knowledge of the previous history and how much capital has been spent might look at the consolidated figures for the last 5 years and remark that the business seems healthy enough. With modest growth, somewhat offset by the additional shares stagnating the per share figures. The only thing that really stands out is the sharp dip in earnings in 2019, presumably a bad year for harvests.
+
+By all appearances a boring but profitable company that pays dividends. If that's your bag, what’s there not to like? Except, in light of all the investment capital expenditure, CGC seems to have fallen flat at the results level.
+
+**Capital Raises & Dividends**
+
+In The Checklist, I noted that their dividend yield of roughly 2.5% was bad. I mean, it *is* low, especially for a staple stock which is otherwise pretty boring. But that really isn’t the primary reason to be negative on the dividend front. There’s actually a quite a bit to unpack here, and I think it’s somewhat insightful into the fundamental problem with CGC and how it has been run.
+
+Costa has not missed a dividend since they started paying one in 2016. That sounds like a good thing, until you consider the fact that during this time, they’ve also conducted two not insignificant capital raises. In particular, the first one in 2019 proposed to raise $176m (equating an extra 22% in total outstanding shares) in order to “strengthen” the balance sheet. Usually, one would expect the dividend to be suspended temporarily under that sort of circumstance, but it was not.
+
+Since then, CGC debt level has not improved. At the end CY18, CGC held about $290m in long term debt. By the end of CY19, that increased to $467m in long term debt. By CY20 it was $446m. What happened to the $176m raised to strengthen the balance sheet? That’s not even to mention more recently the latest figures have the debt sitting at $615m.
+
+In that context, why would CGC continue to pay a dividend? Over the last 5 years the company’s debt has more or less only gone up, and is now tracking to exceed shareholder equity. Interest expense alone has been tracking around $26-28m the last couple of years and that was on a balance that was only about 3/4 the size it is now. It's not hyperbole to say that the level of its debt and interest payments are starting to become concerning. Consider that their EBIT tends to only be about $100m in a good year. In CY2019 their EBIT was only $64m.
+
+​
+
+[Wait, did we forget something?](https://preview.redd.it/1bdj4rziwpi81.png?width=1100&format=png&auto=webp&s=5d3d24b5b9ecbdf4f8fc9a133c74e792702d4277)
+
+Ironically, the same way that companies would normally reward their shareholders is seemingly turned on its head with CGC. Dilutive balance sheet fixing recapitalizations are ultimately much worse than any transitory reduction in dividends. If I can say anything after reviewing so many absolute sinkers of dogstocks, it is that if a business isn’t healthy and continues with processes that are detrimental to addressing their fundamental problems, it doesn’t tend to end very well for badhodlers at the end of the day.
+
+# The Target
+
+Putting that aside and looking at the numbers only, would it even be worth the punt in the first place? Well, based on the historical numbers, the answer is simply: no. Even at CGC’s beaten down share price, on an average share figures basis, they are already above what might be considered a fair value.
+
+Though, the historical averages don’t really paint an accurate picture of the business as it stands now. It’s important to factor in the investments over the years. More specifically, CGC's most recent acquisition of 2PH farms.
+
+​
+
+https://preview.redd.it/bif4kmhmwpi81.png?width=850&format=png&auto=webp&s=b68b5f806bb657ef4a3a5c96d32d855ce400ff41
+
+Using CGC’s 1H21 figures and the information provided in the 2PH investors presentation, as well as a bit of seasonal adjustment, we can get a decent bearing on where the business will be for CY21. Pleasingly (or maybe worryingly?) our figures match up quite well to CGC’s own guidance that they should do marginally better on last years full year figures.
+
+The main thing to note here after all the math is that CY21 represents only about half a year worth of 2PH's figures. So, if we were to replicate the results for CY22, but giving full weight to the 2PH allotment, we can get a decent idea on what the business in toto is worth moving forward.
+
+And using the above per share figures, we can arrive at the following fair and target buy prices:
+
+**Fair Price (CY22): $3.55**
+
+**Target Buy (CY22): $2.42**
+
+At the end of the day, not too bad. At $2.95, it represents OK value vs what might be considered a fair price. Though, in line with the target, I’d be inclined to fish for a deeper discount before considering a position myself. Especially given the history of this share's price.
+
+The main concern though always goes back to the previous investments falling largely flat once the figures are tallied, with the most significant effect being the shareholder dilution that remains. And until CGC start to seriously address their debt levels, I think this consumer defensive stock looks to be quite risk-on.
+
+# The TL;DR
+
+With almost 100 years of history in Australia, Costa Group is one of the largest suppliers of fresh produce in Australia. They deal with all the big grocers in the country and have operations spanning every state in the country, as well as relatively new facilities overseas in Morocco and China.
+
+Their history on the share market is quite a bit briefer, only having recently listed in 2015. A dramatic first 3 years saw their share price quadruple, but since then misses in earnings and guidance have brutally cut them back down to size.
+
+Trading now at a severe discount to their all time high, the one word that comes to mind for those previously lofty price levels: overextended. Costa’s business fundamentals just do not stack up to the hype that they had received years ago. Despite a beaten down share price, they are in my opinion trading at fair value at best.
+
+The real trouble though is the questionable history of capital management over these years. By my own calculations, over $1billion has been spent for seemingly no obvious benefit. Baghodlers of this share are likely questioning whether the latest capital raise and acquisition will actually bear fruit.
+
+*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀
+
+*I'd love to hear other's opinion on CGC and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.*
+
+*On Deck Next Fortnight: CDA*
+
+*Currently on the Watchlist (no particular order): CGF, FLT, QAN, NOU, OML, CIM, CTT, BSL, ANN, ABC, WOR, NUF.*
+
+[*Previous Editions of Catching the Knife*](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/)
+Idk why I listened to you autistic fucks, I haven’t been raped this bad since bitconnect
+
+This shit clearly ain’t dropping so I’m hopping over to the winning side. 
+
+Enjoy the blood bath retards.
+I have researched quite a bit about Milton Friedman's theories when it came to how a government should function in a free market and I completely agree with his libertarian point of view. A while ago In class, I mentioned his name as an example for a question and instantly got bombarded by classmates and the teacher claiming he was a terrible economist that caused problems to the US economy when his work was put to practice.
+
+***How is it possible that a man praised soo much for his work for the field of economics, receiving many awards for said work, be ineffective in practice?***
+Amazon founder and billionaire entreprenuer Jeff Bezos has advised the American people to avoid large purchases such as new TVs, refrigerators or cars and “keep some dry powder on hand” during the coming holiday season as the US economy is likely to be in a recession soon, according to a report in the CNN.
+
+The tycoon had last month tweeted to his followers “to batten down the hatches”. When asked about the tweet, he told the American network in an interview that the advice was meant for business owners and consumers alike.
+
+He said consumers should postpone buying big basket items that they have been eyeing for some time and big businesses should also go slow on acquisitions and capital expenditures because the US economy is likely to be in a recession "very soon".
+
+“Take some risk off the table,” Bezos told CNN. “Keep some dry powder on hand... Just a little bit of risk reduction could make the difference for that small business, if we do get into even more serious economic problems. You’ve got to play the probabilities a little bit.”
+
+“The economy does not look great right now," he said, adding, "Things are slowing down, you're seeing layoffs in many, many sectors of the economy". "The probabilities say if we're not in a recession right now, we're likely to be in one very soon."
+
+The fourth richest person in the world said many people may be “feeling the pinch now” because of the extended economic downturn, but he appeared confident of a reverse in the trend in the coming time, saying as an optimist he believes the American Dream “is and will be even more attainable in the future”.
+
+Several other leading investors and analysts too have cautioned the American public about an impending recession. They have cited the Federal Reserve’s continuous efforts to curb inflation, which increased to a 40-year high of 9.1 per cent in June and remained at 7.7 percent until a month ago.
+
+In the interview, Bezos also said that he will donate a majority of his $124 billion net worth to charities to fight climate change and growing social and political divisions.
+
+Source: [https://www.business-standard.com/article/international/keep-cash-on-hand-don-t-buy-tv-fridge-this-holiday-season-jeff-bezos-122112000376\_1.html](https://www.business-standard.com/article/international/keep-cash-on-hand-don-t-buy-tv-fridge-this-holiday-season-jeff-bezos-122112000376_1.html)
+All, 
+
+I have a tenant who has unpaid her water bill for two years. She is working on getting it paid and paying rent every month, but it’s still going unpaid. When would you evict? Will I be left worse off?
+
+I bought the house occupied. The owner didn’t put the utilities in the tenant name because she had outstanding debts with the city. With covid, they didn’t shut the water off. It was placed into my name about 6 months ago and I got a bill for $1300. The water got shut off and she found a way to turn it back on and use it illegally. 
+
+She claims she’s working on it once we threatened eviction. But she’s become unresponsive again and frankly I’m tired of waiting. She pays rent every month and I want to check here before making a decision. 
+
+When would you evict? Will I be left worse off by evicting her? What sort of costs will I be looking at beside lost rent and settling the water bill?
+I have been dreading making this post because then it's "real".  I don't even know where it all started to go so wrong.  Currently I am in ~43k in bad debt (CC's or personal loans).  I am the sole earner currently as wife just had our baby.  I am completely embarrassed that I've even let things get this bad.  It's me, wife, baby, and her 2 kids visit 50% of the time.  
+
+**Income:**
+
+37.83/hr - 40hrs/wk - paid bi-weekly ~78,686 annually
+
+Checking balance: 2506.24
+
+**Monthly Obligations:**
+
+Mortgage 1817.32 (Bal 253,360.59@3.375 FHA loan amount 260k)
+
+Auto 643.79 (Bal 34,120.87@0% 53 payments left)
+
+Auto insurance 170.82
+
+Wife Auto 349 lease ~10 months left
+
+Wife's Insurance - 463/month
+
+Auto gas - 160
+
+Electric - 90
+
+Natural gas - 130
+
+Phone - 96.25
+
+TV/Internet - 176.33
+
+Water - 66
+
+Student Loans - 276
+
+Food - 400
+
+**Bad Debt**
+
+Sofi Personal Loan - 722.78 (Bal 26,979@14.24% 49 months on term)
+
+CC1 - 215 (Bal 9238.98@15.49%)
+
+CC2 - 239.47 (Bal 9003.89@20.49%)
+
+CC3 - 231 (Bal   @20.74%)
+
+CC4 - 104 (Bal 3824.41@19.49%)
+
+CC5 - 150 (Bal 5477.23@16.87%)
+
+CC6 - 173 (Bal 6174.39@19.99%)
+
+Monthly Total 6673.76$
+
+
+When I put the numbers together I honestly am not sure how I've even survived up to this point.  Everything is current as it stands today no missed payments ever and my credit score is in the mid 600's.  Wife returning to work will add daycare to this list and she makes 14/hr as a medical assistant.  Currently she's been using her tax return to pay her car and insurance which is nearly gone.   Completely ashamed of myself for recklessly letting things slide to this point and any advice is much much appreciated.
+
+
+Edit: Thanks everyone for taking their time to give ideas to a stranger.  Lots of things to consider here.  Just trying to take it all in.
+Central bank offered $75bn in short-term operation to alleviate funding squeeze
+
+[https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17](https://www.ft.com/content/2c11a972-d941-11e9-8f9b-77216ebe1f17)
+
+I think this should be getting more attention.  At first it was believed to be technical factors instead of systemic issues, but now it appears to be a liquidity problem related to banks either trying to pay quarterly taxes or buying Treasuries.
+
+Makes you wonder if this will have some bearing on the Fed's decision this week.
+
+​
+
+Update: The Fed is planning to inject *another* $75bn tomorrow morning, September 18 (article updated).  Interesting.
+
+Update 2: Dealers requested over $80bn Wednesday.  Overnight rate still rose to 2.3% yesterday, above the Fed's target rate of 2-2.25%.
+Not trying to sound dumb but at the tail end last year so many people were scared with the news of Evergrande collapsing. It’s the 2nd largest property property developer in China with over $300 billion in debt. Evergrande’s stock is trading at a whopping 13 cents and continues to drop each and every month. Is it not inevitable that this will come crashing down and that China keeps kicking the can down the road? Been thinking about putting long-term puts on HSBC as they have 90% exposure to Chinese securities. Please tell me if this sounds degenerate. I just have a terrible feeling about this.
+
+Edit: Shares were suspended back in March. However, they have until September 2023 to meet a list of conditions to keep from being delisted. Wanted to keep this as accurate as possible and avoid any confusion.
+I think this might be a virus, I don't think I've downloaded anything suspicious but maybe I did.
+
+I copy and pasted and address from Kraken into the Monero GUI wallet. The addresses do not match.I copied it again and posted it in a word document, it's the same address from before, but does not match the wallet address on Kraken.
+
+I just tried the same thing again on a different computer and now the addresses match. I'm thinking I have a virus for sure now but I have no idea where it came from our how to find it.
+
+Edit: Ok there were a few viruses, I'm not sure which one was which or where it came from. This is what malwarebyte shows me
+
+Hijack.ShellA.Gen
+
+Trojan.Crypt.MSIL.Generic
+
+Malware.AI.4251292410
+
+Edit 2: I will never use this PC for crypto related stuff in the future. 
+Stats:
+
+* Married, both 40, two elementary-age kids, HCOL area
+* Had two successful startup exits, will probably do another and have good access to VC funding
+
+Savings:
+
+* $1.3MM in various retirement accounts
+* $580k paid-off rental property
+* $500k equity in current $800k primary residence (two bedroom, 1000 sq ft, we're outgrowing)
+* $400k in cash savings
+* $1.2MM paid-off lot w/house to teardown
+
+Income:
+
+* $2.2MM after-tax coming in in the next 13 months
+* After that spouse would make maybe $600k but will be eager to start a new company
+* I'm self-employed currently making $100k, building to $300k in 2-3 years
+
+Expenses:
+
+* We've gotten horrible at tracking. No big commitments like private school. In some universe we could currently live on $6k/month if we tried, but we very much don't.
+
+So we bought this lot (with a house we'd tear down) for the above mentioned $1.2MM. It's on a lake, in a good school district, with an excellent commute, near friends and family. Looking at building a house, but the financials have spiraled, and we're lacking in people to have a rational discussion with, so I've come here. We are unlikely to RE as we both like working too much, but FI is a general goal (that we'd nearly be at if not for this ridiculous plan).
+
+House construction costs are coming in at $1.9MM plus another $400k of architect/structural engineer/landscape/overage, so when all is said and done let's say $3.5MM all-in.  It would not actually be that crazy a house - 2800 sq ft plus a finished/walk-out basement [ETA: 700 sq ft of finished basement with family room, guest suite, plus a workshop and storage in the unfinished area]. It would have space for me to meet clients and spouse to start next company in. Property taxes would probably be $30k/year.
+
+The other housing stock available is either aging or spec-built crap. There are also very few houses on water/with nice quiet backyards. We've been looking for several years and not found something that we want to buy. The house we're planning to build is designed to meet our needs, accommodate grown kids with families, and aging-in-place. We'd plan to stay in it forever.
+
+But the crux of it is, realistically the housing market here won't support a $3.5MM house. A contractor would put crap on it for $600k and flip it for $2.2MM. Realistically, people wouldn't be able to tell the difference, and what we're building will probably appraise for $2.5MM. So, we're setting $1MM on fire (pun not(?) intended).
+
+Are we fucking idiots? There's a good chance we'll have another $5-10MM in the decade if the tech market doesn't go sideways, so I feel like there's a good chance we won't miss the money, and would miss the opportunity. If only we knew the future. Meanwhile the kids are getting older and bigger and we need to move somewhere, so staying put isn't an option we want to consider.
+
+WWYD? (I may come back and edit further for coherence.)
+**“The FED is the Greater Fool…”**
+
+u/MilkDud2000
+
+**Prior to the Covid Crash in March of 2020, the FED was still bag hodling Bulge Bank toxic MBS debt from 2008. The FED MBS purchases were single handedly holding up the residential real estate market in the United States. Covid killed that market and now the large Banks are selling more MBS to the FED than ever before… This has caused the FED to lose support of the MBS market and it looks like all the marvelous DD written by our wrinkle brain APE FAM is finally coming to fruition…**
+
+Good morning APES and APPETTES of the world, Wrinkle Brains, Meme Lords, Shit Posters, Lurkers and DRSex!!! I am super excited for this week and have some fresh Due Diligence that hopefully Jacques de tit.
+
+https://preview.redd.it/bfrrohn74t291.png?width=1342&format=png&auto=webp&s=009432fd5d361e8fb7044977466c216e1c26874e
+
+https://preview.redd.it/tkmpy66ubs291.png?width=1250&format=png&auto=webp&s=5965c247adf56229b663c51f409913c9b912f93a
+
+Below are the securities held in the FED balance sheet. The chart also shows the maturities.
+
+[Source: https:\/\/www.federalreserve.gov\/releases\/h41\/current\/h41.htm#h41tab1](https://preview.redd.it/rof2irqzbs291.png?width=1302&format=png&auto=webp&s=c0899f264e3153487f180c97c3001f6aec9db529)
+
+Interesting bullets…
+
+* Reverse repurchase agreements (RRP) are $2.2 Trillion according to the FED
+* U.S Treasuries are $5.7 Trillion
+* Mortgage Backed Securities (MBS) are $2.7 Trillion
+* The rest is too small to look at (main focus is the Treasuries, MBS and RRP)
+
+5.7 + 2.7 + 2.2 = 10.6. So, the FED balance sheet is actually $10.6 Trillion plus here - but when the FED reports, they leave the RRP off, and show a more modest number. The RRP is only held overnight, but it’s held every night.
+
+The FED shows $240 Billion more in RRP than we have seen from the RRP guys on the sub.
+
+The FED balance sheet is shown below.
+
+[Source: https:\/\/www.federalreserve.gov\/monetarypolicy\/bst\_recenttrends.htm](https://preview.redd.it/ptku6go8cs291.png?width=1256&format=png&auto=webp&s=6be9ce9b4151af5a977fa7d1a1f29045fbae8c70)
+
+[Source: https:\/\/www.newyorkfed.org\/markets\/desk-operations\/reverse-repo](https://preview.redd.it/vcults1ecs291.png?width=1236&format=png&auto=webp&s=b3b905a72747bc1f88b742aab677b651e5316f8b)
+
+The chart above shows the RRP number and as you can see it's never been close to $2.2 Trillion… It recently started hitting just above $2 Trillion (according to the New York FED.)
+
+[Source: https:\/\/www.newyorkfed.org\/markets\/desk-operations\/reverse-repo](https://preview.redd.it/sug8w1vjcs291.png?width=1022&format=png&auto=webp&s=7adb642678d500e796ba229297ebed73c5f3bb06)
+
+It seems that there is a $200 Billion difference between what the FED reports and what the “New York FED” reports on the Daily RRP numbers.
+
+**Next I want to Draw UP a smooth Brain FED balance sheet for everyone to see.** (Keep in mind we are looking at the three major holdings and will omit the rest as they are too small to look at).
+
+I am going to round numbers off to the nearest billion (I am thinking about how ridiculous this statement is, that I can round to the nearest billions and my data will be “close enough”)
+
+**Next I want to condense the securities by maturity only… to give us a better idea of the overall maturity weighting…**
+
+https://preview.redd.it/mim4rxttcs291.png?width=776&format=png&auto=webp&s=d63c402085cc6b97e4c8b073854f9f0dd4270218
+
+**I removed “security type”… and you can see most of the debt is in the 1-5 year and 10 year plus maturities.**
+
+https://preview.redd.it/wl066eswcs291.png?width=506&format=png&auto=webp&s=88ae4990e882f5ce7a56f175fcdec957ff4f01c9
+
+The method in which the FED  presents their data, makes it hard to fully analyze. Treasury bonds go out as much as 30 years. So what's in that 10 year plus? How many of those bonds are 20 years plus? It's impossible to know what they really own, based on the data they provide.
+
+**Next, I want to look at “liquidity”.**
+
+What is liquidity and why does the market always need it?
+
+https://preview.redd.it/wfcl3jy2ds291.png?width=1070&format=png&auto=webp&s=b49da18e5f49a4130f05b599f191a28ff0d632b7
+
+[Source: https:\/\/www.investopedia.com\/terms\/l\/liquidity.asp](https://preview.redd.it/9g52mhf5ds291.png?width=1178&format=png&auto=webp&s=02f2c389851ae751038439e292cbcb5f84ba085c)
+
+**I wanted to go back and look at 2008, how was this presented to us?**
+
+I found a pretty good article from VOX.
+
+Source: [https://www.vox.com/2014/6/20/18079946/fed-vs-crisis](https://www.vox.com/2014/6/20/18079946/fed-vs-crisis)
+
+https://preview.redd.it/7abgduqbds291.png?width=1282&format=png&auto=webp&s=31df38cf1c5e285e0289c31c47ff9d7d8ecfc11d
+
+The FED had the tough job to fight recessions! The FED was on the Front Line! This was nearly 15 years ago, and the end result is…
+
+[\\"SPY - 2008 - Today\\"](https://preview.redd.it/dlehfcmeds291.png?width=1296&format=png&auto=webp&s=68ca0911dd6fc509d3ff1b1a7a000aff8b310a57)
+
+Stocks went crazy from 2008 until November of 2021. Every day for years the news would scream “Stocks hit all time highs”.
+
+The real question is this… how much of this FED liquidity was responsible for the gains?
+
+Any time you search… The Media is always “hyping a need for more liquidity.”
+
+[\\"Bloomberg and Washington Post singing the same tune\\"](https://preview.redd.it/mj0qdosods291.png?width=1274&format=png&auto=webp&s=d087d1d72a705fd6636b6e8b301d25af704e2e9d)
+
+**My theory:** In an attempt to save the markets from a flat zero, they had to pump and never stopped. They got hooked and didn't think it would ever matter. In an attempt to save the system they had to fight off a recession. However, did anyone ever think that a recession might be a normal part of the cycles? Or that a recession might be good for people trying to buy their first home. The FED stole the recessions from the markets, by pumping them with fake money they print.
+
+The link below is J Pow talking about money printing after the Covid crash… This was after all the printing from 2008 onwards. When the Covid crash happened, the FED was still pumping these markets.
+
+[https://www.youtube.com/watch?v=lK\_rYS8L3kI](https://www.youtube.com/watch?v=lK_rYS8L3kI)
+
+So in a sense, the FED is the invisible hand.
+
+[Source: https:\/\/www.investopedia.com\/terms\/i\/invisiblehand.asp#:\~:text=The%20invisible%20hand%20is%20a%20metaphor%20for%20how%2C%20in%20a,of%20the%20Wealth%20of%20Nations.](https://preview.redd.it/qhffj13vds291.png?width=1204&format=png&auto=webp&s=af38a570e8b78108feea10f729409b11796ec710)
+
+When Covid happened, it messed everything up.
+
+**Covid ignited the fuse.**
+
+[FED Balance Sheet VS SPY](https://preview.redd.it/4pmbfya0es291.png?width=1188&format=png&auto=webp&s=4865b9eefaa32d377dcfcf0aa703349260c6532e)
+
+**And after covid, the FED supercharged the money printer, printed like crazy and never stopped.**
+
+The US Treasury market is $23 Trillion (this is the lion share of the U.S Debt) and the FED issued $5.6 Trillion this year (2022).
+
+[US Treasury Securities Statistics - SIFMA](https://preview.redd.it/jyycebb7es291.png?width=1212&format=png&auto=webp&s=5dc806957915c56ec041b8a5e7cc0457c111e285)
+
+The FED holds $5.7 Trillion which is about 24% of all treasuries out there… And the FED buys treasuries, which they print, with their own money… and they sit on their balance sheet. With the MBS.
+
+**You all remember the big short…**
+
+**Source:** [**https://www.youtube.com/watch?v=3hG4X5iTK8M**](https://www.youtube.com/watch?v=3hG4X5iTK8M)
+
+The link above is from this scene from the film, it goes deeper… But remember that Jenga Tower…
+
+[The Big Short](https://preview.redd.it/bqrk96yces291.png?width=984&format=png&auto=webp&s=8e5ffa1493c5de521a20f9fa6b7dd4ef4544e801)
+
+That Jenga tower was the MBS securities that the FED bought… In 2008 when the economy crashed, regular folk lost their jobs, could not pay their mortgages, and the FED stepped in and bought these up.
+
+**I speculate, they are still on the FED’s balance sheet. As 2008 was almost 15 years ago. You could have many MBS in the 10 year plus maturity, that would still easily fit in a 30 year mortgage that was written around or before 2008.**
+
+And when you take a second look at the FED balance sheet…
+
+https://preview.redd.it/qp239kqhes291.png?width=1246&format=png&auto=webp&s=fc2799cc33ad66194a8a246512ac7a4e57808b75
+
+[If you remember, the FED has more than $2.7 Trillion in MBS…](https://preview.redd.it/hmclk4kkes291.png?width=748&format=png&auto=webp&s=d39fd7642b72fa279f8c8317dc95ec38914fa71a)
+
+[FED is baghodling MBS....](https://preview.redd.it/8f5gjoxnes291.png?width=1274&format=png&auto=webp&s=a32fb218d6f3f9db31b2e47ee79889dfb4cc50f6)
+
+And since the FED has never really offloaded any of these securities… **The FED is still bagholding the bulge banks MBS securities from 2008.**
+
+The FED is the Greater Fool... Part 1 - [https://www.reddit.com/r/Superstonk/comments/v1n396/the\_fed\_is\_the\_greater\_fool\_part\_1\_part\_2\_is](https://www.reddit.com/r/Superstonk/comments/v1n396/the_fed_is_the_greater_fool_part_1_part_2_is/)The FED is the Greater Fool... Part 2 - [https://www.reddit.com/r/Superstonk/comments/v1nfxe/the\_fed\_is\_the\_greater\_fool\_part\_2/](https://www.reddit.com/r/Superstonk/comments/v1nfxe/the_fed_is_the_greater_fool_part_2/)
+
+The FED is the Greater Fool... Part 3 -
+
+[https://www.reddit.com/r/Superstonk/comments/v1np7g/the\_fed\_is\_the\_greater\_fool\_part\_3/](https://www.reddit.com/r/Superstonk/comments/v1np7g/the_fed_is_the_greater_fool_part_3/)
+Suddenly we have a lot of people on here screaming "manipulation" ... "we need regulation" like it was all natural when it ran up to 20k.  
+
+
+If we had a regulated market bitcoin would still be under $1,000.
+
+
+This is a unregulated market, either accept the highs and lows or go invest in gov't bonds.
+Have you guys thought about this yet?
+
+One month ago we got this: [GAMESTOP: RISE OF THE PLAYERS](https://www.youtube.com/watch?v=xeT6_kMi8Po)
+
+Next week we have this: [Gaming Wall Street | Official Trailer | HBO Max](https://www.youtube.com/watch?v=ViEKPjkjEWI)
+
+Additionally we have whatever [Dave Lauer is hyping and releasing](https://twitter.com/dlauer/status/1497244339562586139)
+
+BTW do you know who [Elon Musk is, because 75.1 million people on twitter do](https://twitter.com/elonmusk/status/1497340315832832002)
+
+Oh yeah and one more thing: [The Legendary Jon Stewart talking GME on Apple TV](https://twitter.com/jonstewart/status/1492204167053692932?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1492204167053692932%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.shacknews.com%2Farticle%2F128808%2Fthe-problem-with-jon-stewart-is-doing-a-gamestop-gme-episode)
+
+Do you see where I'm going with this and how much publicity this story is getting again? This is all happening simultaneously with a DOJ investigation too. Earnings szn is right around the corner and with all this hype I'm really struggling to contain my tits. Get hyped everyone we're so close
+Disclaimer: this is just my opinion and I'm legally retarded. NASA is studying my smooth brain to develop a cheap low friction coating.
+
+​
+
+The deep ITM options created during the sneeze to drive the price down are expiring next month. Once that happens the ridiculously high short interest levels will become known (and even this wont be the full short interest because they have been shorting it since way before the sneeze). There will also be a big chance that they will have to buy real shares to fullfil the deep ITM options.
+
+​
+
+They also know that we know the ninety day cycle and that the floor is consistently rising despite what may happen in between. 
+
+​
+
+They know that DRSing will eventually choke them out, and apes are just getting started. That apes have realized brokers and SHF are in bed with eachother to screw retail. 
+
+​
+
+They know the wrinklies did the math, every single day there is more short volume than not. It is impossible for them to have slowly reduced their short position.
+
+​
+
+They know some apes just want revenge for 2008, that liquidating wall street will achieve what occupy wallstreet didn't. That they were caught with their pants down and diamond hands aren't letting go of their balls.
+
+​
+
+This is their last shot to shake paperhands, they are going all out to drive that price down. It stinks of desperation.
+
+​
+
+GME to the mooooooon. BUY. HODL. DRS.
+Been looking at Boston and Denver but considering other places as well. Boston is a lil too expensive, both I heard aren't the best for asian minorities. Oddly enough considering montreal (not in usa but heard its great)
+The goal is to get to FI as quickly as possible without sacrificing too much in regards to quality of life.
+Looking for places that are cheap, but not boring for someone live in for someone in their 20s and single. Salary would remain the same regardless of location.
+Making 77k a year pre tax.
+
+My ideal city:
+
+Legal weed
+
+Growing Tech field
+
+Lots to do, events, city life
+
+Preferably less driving needed or none at all due to public transportation or ease of walking
+
+Affordable col doesnt have to be lowest but shouldnt be high. Or at least low property tax and or income tax
+
+accessibility to unique nature elements such as mountains or beaches are optional but nice
+
+Would like to hear your thoughts!
+If interest rates go up, but repayments are a percent of earnings, isn't it just kind of the same as increasing income tax on graduates?
+
+With the exceptions that:
+
+Some may still pay off their loan, meaning that the very high incomes/wealth can escape the 'tax'
+
+The very wealthy who never take the loan because they pay tuition up front also escape the 'tax'
+Follow my logic here, tell me I'm wrong and stupid if need be, because I don't know for sure and this isn't me trying to offer any actual DD, it's just thinking through things.
+
+There's a post on Hot right now about how the President of FTX is formerly the head of the blockchain division at Citadel. The conclusion being offered here that RC wants GameStop to partner with someone who know's Kenny's business strategy in and out, so the company would have a sort of insider's edge, but I don't think that's it and as other people have pointed out there's likely NDA agreements that forbid any of this information from crossing lines like that.
+
+The thought I had, though, was more direct. GameStop didn't INVEST in FTX, they PARTNERED with them. Their fiduciary and prospective goals now align with each other. The two convenient reasons for GameStop choosing FTX, the gaming side of things and the possible "tokenized stocks" aspects of it, those are very good reasons on their own, even better together. But, again I reiterate, this is a partnership.
+
+If Citadel and Sequoia are invested in FTX, and they're both shorting GameStop, who is now partnered with FTX, **would their investment in either party prove a conflict of interest?** Meaning would the fact that GameStop is now in bed with a favored investment of theirs indirectly require that, in order to prevent either participant in this partnership being unfavorably treated by FTX's investors, Citadel and Sequoia would--through a simple and completely innocent corporate technicality--**have to close their short positions on GameStop?**
+
+[I mean you can't really shoot James Bond when he sits down across from you at the poker table where everyone can see.](https://i.redd.it/8xxux0gxzjm91.gif)
+
+​
+
+If anyone who knows more about this can elucidate why this wouldn't be the case please offer it up here. Maybe I'm just overthinking it entirely.
+I am a 21 yr old Software Engineer in the Bay Area who recently graduated from UC Berkeley's EECS program.  So far I have been lurking in this sub, learning from the financially affluent posters. Net Worth is $100,000 and Annual Income is in the lower 6 figures; so I have a long way to go to hit FatFire.
+
+Most FatFire people on this sub are below 40 years old; and have accumulated a net worth of at least $5 million USD (equivalent to $200,000 per year in annual investment income at a 4% SWR). Even though the **overall top 1% threshold** seems to be **$11 million dollars**; **for people under the age of 40, the top 1% threshold seems to be around** **$4 million dollars**. It also shows the power of compound interest, as the top 1% threshold seems to roughly double every 7-10 years to hit **$17 million by 55-59** (possible with 7% annual stock market return).
+
+**So if you are below 40 (like most people on this sub) and you have a net worth of at least $4 million, you are the top 1%!**
+
+**Age. Top 1% Net Worth** (Data comes from 2019 Federal Reserve's Survey of Consumer Finances)
+
+18-24             $435,076.59
+
+25-29             $606,188.36
+
+30-34             $956,944.74
+
+**35-39              $4,034,486.45**
+
+40-44              $7,909,636.79
+
+45-49              $10,494,100.10
+
+50-54             $13,524,093.87
+
+55-59             $17,545,848.60
+
+60-64             $14,629,637.13
+
+65-69               $16,439,046.11
+
+70-74              $12,625,305.04
+
+75-79               $12,770,142.25
+
+80+                  $9,932,353.20
+
+[https://dqydj.com/net-worth-by-age-calculator-united-states/](https://dqydj.com/net-worth-by-age-calculator-united-states/)
+I've seen a lot of negativity today about the lack of gains today and the big dip yesterday. GME was at $48 on 2/24, it's now around $260. As much as we would love to see it, we're not gonna see gains of 30-40% every day. It's costing the hedgies millions each day in short interest, all we've gotta do to keep fucking them is to keep holding. 3/12 calls that are ITM will be exercised tomorrow, just have patience. Eat some crayons, sniff some glue, jerk off while watching your wife get fucked by her BF, just make sure you HODL
+Mods: does DD tag apply? If not change it.
+
+I wrote this in response to someone elsewhere who asked simply:
+
+> So they're betting against the company? Like, they have no faith in them? Investing like this makes one feel horrible.
+
+Yeah. There are three ways you can short.
+
+--- 
+
+1) You buy an option with a predetermined end date with the RIGHT to sell a stock at a certain price (depending on how much you want to pay determines the price.) If a stock is $10 and you expect it to drop to $5 in 6 months, you might buy a $9, 10 month expiry "put" (right to sell at price) option. This might cost you 50c per share. 
+
+IF you're even slightly right, ie it drops to any price lower than $8.49 before expiry you made 1c per share. You can also change your mind and sell the option (either more (profit) or less (loss) than 50c/share).
+
+IF you're properly right, and it does drop to exactly $5 you make $3.5 per share. If it rises, or drops to any number above $8.50, you lose the price of the option (50c/share). 
+
+---
+
+2) You're a big player. You call your buddies at Pension Fund X42 and say "Hey can I borrow those shares you have for x% interest and return them to you later?" A set timeframe may be set. I don't know for sure, but probably. Anyhow, Pension Fund X42 says "ok" because they aren't looking to sell them, so might as well make some interest on lending them. 
+
+So you borrow them, and immediately sell them. You pay your daily interest to the pension fund, and you wait. When the price drops, and you decide that you've made enough, you buy them back and return them. You keep the difference in prices whatever that may be, minus the interest.
+
+If you're wrong... You're still obliged to return the shares to Pension Fund X42. So at some point you have to decide to eat a loss and buy the shares back. 
+
+---
+
+3) You're a big player and you are ok with a bit of lawbreaking, you Naked Short Sell. This is great because it's cheaper! No interest payments! 
+
+Here, you simply sell shares you don't have, and buy the imaginary shares you just created back later so that the number of shares on issue doesn't get too far out of whack and you don't get investigated. Any gap between your sell price and buy price is profit or loss depending on which way it goes. 
+
+---
+
+What's happened right now is mostly a combination of 2 and 3. I'm sure there is a bit of 1, but 1 only causes predictable losses (Like the cost of playing a hand at a casino. You only lose the amount you bet if the cards don't go your way.)
+
+So the risk with 2 and 3 is that because you're **obliged** to buy back the shares at some point, if they go up, when you have to quit, you have to pay the current market price and your actions can make the price go up even more. 
+
+Now you're in a short squeeze. You are obliged to buy but the price keeps going up every time you do. It's entirely possible that others see the price going up and buy, so you're now competing to buy a limited number of shares with everyone else. So the price goes higher. Your losses are potentially infinite. 
+
+---
+
+**What's slightly different** between this particular short squeeze and all the others is:
+
+---
+
+1) The dumb fucks naked short sold AT LEAST 40% more shares than ever existed. They're obliged to buy back more shares than is possible. The only way out of that self-made trap is a complicated mess of desperately buying, returning, rebuying from the people you borrowed them from, and returning them with losses at every step. Imagine if I sold you 10 cars, but only delivered 6. You're standing there with your wtf face and I say "Hey! how much would you sell those 4 cars for?" You can name your price at this point. I pay it. Then I "finish" my "10 car delivery."
+
+---
+
+2) Retail traders are acting as one single semi-coordinated hive, loosely behaving similarly to what would in prior short squeezes, be a competitor hedge fund. They own a lot of the shares the hedge funds (HFs) NEED to buy - but they're not selling. They're actively cheering for the HFs bankruptcy while watching the price of the stock they hold skyrocket. Only other HF billionaires are allowed to do that and get away with it. 
+
+.
+
+2a) HFs can be negotiated with. If you're really, really getting bent over and fucked, and you grovel enough, you can usually cut a deal where they stop trying to fuck you. If they won't talk to you, they'll often talk to your bank/broker/some other bigger player that can convince them that your bankruptcy will also cause significant losses or bankruptcy of another party they're not trying to fuck and they might like to have as friends one day. "You quit this, and we'll owe you one." It's always good to have favours to call.
+
+.
+
+2b) The self proclaimed retards on WSB can't be negotiated with. They don't need favours. They don't care if you go bankrupt or there's collateral damage. They don't give a fuck about any of them. For the most part they only hold a few hundred shares each max - and also for the most part, they're playing with their own money that they can actually afford to lose even if it hurts for a year or two. 
+
+How do you negotiate with, or swat a million wasps stinging you? You can't.
+
+---
+
+---
+
+**Edit.**
+
+Thanks for all the awards guys! I'll soon have enough to make a Tiara and become your Яetard Prince for the day! I was actually expecting posts telling my how wrong I am. I only think I know what the fuck is going on most of the time and usually figure out later that it wasn't.
+
+I'd like to thank the academy, and my parents who never believed in me, and Scruffy, my first dog, who, like WSB, played chicken with truck, and, and, and...
+
+Also. 
+
+I figure since this is so popular, I might as well nominate my suggestion for the inevitable u/deepfuckingvalue movie. It's fairly likely to be seen as a sequel to the Wolf of Wall St, so.... "The Fox/Foxes of Main Street" ? Yeah, nah?
+
+
+Edit 2 **NOTE** 
+
+**To all the people trying to PM me for advice: I have no fucking idea what WILL happen next. I just think I cobbled together enough of what HAS happened to explain it somewhat.** 
+
+Ie: I'm more like a journalist. Would you ask a journalist for stock advice? (please don't answer yes...)
+New Mexico’s sovereign wealth fund brought a federal antitrust lawsuit claiming Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., and other top financial institutions rigged the credit default swap market by manipulating a key benchmark.
+
+The proposed class action, docketed Thursday, also targets Barclays Plc, BNP Paribas SA, Credit Suisse Group AG, Deutsche Bank AG, JPMorgan Chase & Co., Morgan Stanley, Natwest Group Plc, and three industry groups.
+
+By rigging the “final auction price” used “to value all CDS contracts market-wide at settlement,” the banks have made “billions of dollars in cartel profits at the expense of non-dealer market participants,” according to the complaint filed in the U.S. District Court for the District of New Mexico.
+https://news.bloomberglaw.com/antitrust/citi-bofa-goldman-other-banks-accused-of-cds-antitrust-scheme
+I love reading the stories on here because they are so inspiring. I’m in my early 40s and I just discovered this sub this last year. I would love to retire early however my reality is that it probably won’t happen. If I could at least retire when I’m 65 I’ll be happy. Here’s my story for people who have fairly low income and/or start saving later in life.
+
+Annually, I gross $58,000-$59,000 a year and I live in a high cost living area. Luckily I was able to buy a condo when the market was extremely low in 2010 so my mortgage is lower then if I was renting. I am debt-free except for my mortgage so I’m able to save 25-26% of my salary for retirement, vacation etc. i’m trying to be a little bit more aggressive at putting extra money towards my mortgage so hopefully I can pay it off when I am 55 years old.
+
+I started saving for retirement a little bit in my 20s but didn’t really get aggressive about it until about mid 30s. I put 15% of my salary towards my retirement and hopefully I’ll have a nice chunk of change when I’m 65.
+
+Edit:
+Thanks for all the comments. I realize $59,000 annual salary isn’t considered low income in many areas. However I live on California and it’s on the lower side.
+I’m inspired to keep learning about finances and wanted to inspire people who might be in a similar position as myself.
+
+So my rollover retirement account is set up using the Boglehead method. And boy has it been tanking. Watching it drop 65,000 has been tough. I’m in my 50’s and have a little time before retirement but not that much. And this is the second huge drop I’ve gotten to watch in my lifetime. 
+
+Anyone else currently having moments of panic or nausea watching this happen? (I know we all are)
+
+I’m leaving it sit, but is that smart? Is it time to get an advisor and change my strategy? 
+
+I honestly believe the market will stay bad for awhile (a few years)
+
+20M I currently invest $6000 per year into a RothIRA(managed by robo) and $300 per month through Walmart associate stock purchase plan. My expenses are extremely low, I scrape by roughly on $400 monthly and currently have a savings near $7000. I want to ensure an enjoyable retirement and that I will be able to provide education etc for my future family. What steps should I take to ensure that? Currently I am working towards a career job because pinching pennies will only get me so far and I’d like to improve my quality of life. Thank you for any responses. Happy Holidays 🎄
+In the next few months, I’ll have bought my fifth rental, but I’d like to buy more. Each property is doing very well, cash flowing 250-550 each month. Up until now I’ve used my own cash, but I don‘t know where to start looking for investors or what to say. I’m pretty outgoing, but talking about money feels almost taboo.
+
+What should I do?
+Newbie question.  I have inherited a multi unit property in good condition with little to no repairs needed.  I’ve wanted to grow an investment portfolio of rental properties for a while and potentially using this property’s equity to work towards that. My ultimate goal is to grow my cash flow to the point I can quit my day job.  Would it be a good idea to take out a loan against the apt complex in order to free up some cash to buy other rental properties?
+Hi folks, 
+
+I am "cash out" refinancing one of my investment properties.  It's currently paid off and worth about $550k.  
+
+As part of the application process, the mortgage company wants a written statement as to the "purpose of the refinance".  Does anyone know what red flags they might be looking for?
+
+Bottom line, I am looking to free up cash for additional investments and to provide some interest rate arbitrage against the risk of inflation.  
+
+What is acceptable, what is not, and what is too much information?
+
+Many thanks!
+Sup Apes
+
+Not financial advice in the slightest. I am retarded.
+
+First and foremost, before I begin, I honestly (if you couldn't tell by the title) think I cracked the code. I'll show you why as you dive into this DD, but the simplicity of it all when you realize it will have you sitting there thinking "wow, I am retarded. How did I not notice this?"
+
+Without further ado, my one request as is per all u/possibly6 posts is to play something that fits the vibe. For today, that is this: [https://open.spotify.com/track/49X0LAl6faAusYq02PRAY6?si=2892c25c9beb4a26](https://open.spotify.com/track/49X0LAl6faAusYq02PRAY6?si=2892c25c9beb4a26)
+
+A preface, I admit that previous analysis has been incorrect. Not all of it, but for the most part the recent GME analysis has not been on point. I own it, and all it does it make me scratch my head looking for data points I may have missed, because I've never encountered something as hard to predict as GME using BASIC (key word) technical analysis. What I've realized is i really need to think outside the box here, and not take the approach I would with a  traditional stock.
+
+In terms of SPY, that's been more or less spot on. Won't be going too in depth on that today, I have so much to say for that as well. But, so far the count has been holding up.
+
+onto GME. For those that follow my twitter, I tweeted this today:
+
+[noice?](https://preview.redd.it/ptdjbfmj08f71.png?width=1156&format=png&auto=webp&s=69e68226a08052df79083d1d27d844b543bcd978)
+
+​
+
+[noice.](https://preview.redd.it/sklyn75o08f71.png?width=1032&format=png&auto=webp&s=8cfec712872d49126af6c85aeb3154f5594005a1)
+
+okay, so what. This is super basic Fibonacci TA. what's so special about it?
+
+And this my friends is why I have been incorrect in my previous assertions. I wasn't looking big picture enough. I was analyzing GME like any other ticker I normally would, which don't get me wrong works in the uptrends, but does NOT work to predict the end of a downtrend technically speaking.
+
+On a super basic level, we can expect a wave 2 to retrace ideally 61.8% of the entire wave 1 move. This would have theoretically put GME at a low of around 203/204. That failed, 78.6% failed, 1:1 of A failed, you get the gist. It had me scratching my head. Was I missing something?
+
+Nothing is unpredictable or unexplainable, the issue is there are so many ways to predict an outcome, how can you be sure your hypothesis is correct?
+
+anyway, I decided after being incorrect in my supposed bottom targets time and time again, I took a step back to see what was really going on.
+
+Now for the analysis so simple you're gonna read it and think to yourself, "wow, how did I not think of that?"
+
+I've seen so many "we are here" posts when compared to the previous cycle with no real data to back it up. Well, I present to you, my OCD project. Why GME has been so stagnant and how we can predict a reversal.
+
+So what did I do? I did what any retard who makes incorrect predictions would do, **I counted**. day by day. each daily candle. I started from the top of the March FTD cycle as that was the last completed cycle with the slower rip and the longer lasting dip.
+
+[DUH](https://preview.redd.it/5indm7cg68f71.png?width=2012&format=png&auto=webp&s=0cc50c001afd859d46553c2667bcc53ae155b9ac)
+
+On the surface, first of all I can't believe I haven't seen anyone else take this approach. It's pretty obvious at this point that GME moves cyclically. I won't dwell on t+21 or t+35 whatever, that doesn't really play a role in my analysis. What I can tell you is that we should theoretically have 3-5 more days of stagnation before we begin to move, at least when comparing previous cycles.
+
+Let's dive deeper.
+
+Weekly chart (this is where it really started to click):
+
+​
+
+[voila](https://preview.redd.it/yd9vmz8c78f71.png?width=2366&format=png&auto=webp&s=65c1cd482168e90a854ea196c6dc074ed05a77cd)
+
+take a minute and study the candles. Fuck whatever chart patterns patterns you think you see, that's irrelevant right now. The most basic answer is usually correct.
+
+Okay, so today marked day 39 of stagnation, the last cycle had 43 days of stagnation since the march high before the cycle started to ramp up again. If this theory is correct, we should theoretically see another few days of boring action before really ramping up next week. BUT, we should also, at least if the candle patterns match up, begin to slowly uptrend from here into next week, but don't expect any face ripping quite yet.
+
+Onto the fibs:
+
+[.854 in blue](https://preview.redd.it/k158nkj588f71.png?width=2486&format=png&auto=webp&s=a5238347eb4ac657c878a8f14f61dd1c91c0abb7)
+
+this is a daily view, in typical TA, to see if a trend is bullish or bearish , you want to see candles close above/below a significant level to affirm your bias. In this case, we broke below 150.15 today, but closed above. This hasn't always necessarily proved true for GME, but for reference, if you look at the first red candle to touch the .618 level (gold) you'll see it actually closed below, which in hindsight was a que to expect more downside in the future, but I bought there anyway lol.
+
+From here, if the weekly candles replicate themselves, which so far they have pretty accurately, we can expect a doji candle for the week.
+
+[doji](https://preview.redd.it/k3wklyua98f71.png?width=625&format=png&auto=webp&s=58c7ed76a4bc5d75d2feb822851db07bbf9a9ab5)
+
+​
+
+​
+
+[yes](https://preview.redd.it/6h5nektf98f71.png?width=1272&format=png&auto=webp&s=72cf23375b7d5da6a332c6e7bac5884d1a278b94)
+
+to form this pattern, price will likely break above this weeks high, though settle back down close to this week's opening price of around 162. IE, I predict this week we will close right around 160 if this analysis holds true (ish)
+
+Normally this type of analysis will make you lose a lot of money on normal stocks, as they are not quite cyclical like this, but GME is obviously  very far  from normal.
+
+Another reason I think today marked a low for the week, besides the bounce off a critical fib, fib time extensions. As we made a new low today within wave 2 (of around 148), the trend is (was) technically still bearish. With fib time extensions, we can often predict the end of a trend. Fib numbers are everywhere. I measured the length of the primary wave 1 (120 ish to 344) to get fib numbers in relation to that time period, visualized:
+
+[time extensions](https://preview.redd.it/rgr6lo06a8f71.png?width=2814&format=png&auto=webp&s=9d5bed5f4d2de4026d96d2f1f4c7364970d265db)
+
+You can see at the 50% level (white) this was seemingly the break of the trend, as we made a lower low but began to uptrend. The head fake. obviously we kept dipping, but this also narrows down our turn date targets, next one being, you guessed it, tomorrow (purple .786 level).
+
+IT GETS BETTER!
+
+The last cycle was a bit more wonky with the length and timing of the upside run, but low and behold, the .786 time extension of the move marked the very lowest of the cycle. this was march earnings.
+
+[purple .786 time extension marked the low of a wave 2 in march](https://preview.redd.it/q14aewvza8f71.png?width=1382&format=png&auto=webp&s=8a97b7beb2fdb75a5803b12f42de7c9882fab4d7)
+
+I have many more DD's to write but I don't want to compile all the information into this one. In terms of upside targets, I'll just give you one short term one to watch for with today's low because I fucking LOVE how the targets line up.
+
+Within a wave 3, the target for a super bullish wave 1 is a .618 extension of the larger wave 1 move within the overarching 3 (sorry, confusing but here's the visualization)
+
+​
+
+[.618 in green](https://preview.redd.it/ju1kur75c8f71.png?width=2794&format=png&auto=webp&s=1ee11e5bd0de0223266619355608e54500e4ced5)
+
+Here's why I fucking love this, the target lines up EXACTLY with the gap down we had (green box) on earnings. fucking EXACTLY. Whenever this happens, I'm insanely confident that my count is correct if there is more than one method to predict a possible short term upside target. If you trade gaps, you would arrive at the exact same conclusion as EW, at least for a 1st target for a wave 1 within 3 of 3 of 3.
+
+Anyway, watch for a short term rejection around 290, but I doubt the retrace will be steep, as it wasn't in the previous 2 cycles.
+
+I think that about covers everything I wanted to talk about. I don't think this week will be particularly exciting unless we get some black swan event, next week though? The fun begins.
+
+shoutout the shills
+
+[nice ](https://preview.redd.it/tbtir2m5g8f71.png?width=656&format=png&auto=webp&s=db49647e142cb8e5d27976a66364fb113b6a5ad1)
+
+TLDR: just read it, lots of pretty pictures. Tidal wave incoming 🌊
+
+edit: forgot to show you my log scale pitchfork, finally tested the lower bound: 
+
+https://preview.redd.it/52vjy8gvg8f71.png?width=2642&format=png&auto=webp&s=b806c6ed2bc9a899aae06ef1d08e503412cc4a4f
+I've been lurking on this sub for close to a year. My goal is to reach some sort of financial independence to the point where I don't need to rely on a 9-5 job. I also live in a HCOL city where I would like to continue living it. This means my target net-worth would have to be at least $3m. What I notice on this sub is people attempting to be debt free and not be "slaves to a bank". This mindset goes against the way I grew up since my families success is owed to their continuous financing from banks and private lenders.
+
+As a person that comes from a wealthy family (parents and 2 uncles), It's hard to tell what information is correct on this sub. I was cut off from them a few years ago and have been going my own route since. But I still remember that the way they handle money is so much different than what the majority here is recommending. For example, the way people here view debt, if you saw my parent's or uncle's financials, you would shit your pants. Almost everything they do is through borrowing against assets and refinancing properties, using credit cards, LoC. My parents have 4 businesses and 12 residential and commercial properties. Every one of these assets in including their personal home has debt.
+
+When I worked with them, almost every other wealthy person I met operated like this. If they wanted to buy a new home, they would cashout-refinance their primary home or a rental property and buy the house with a large downpayment or outright. And taxes, I remember my parents paying very little in income taxes if any at all because of all the write offs and how the corporate structure was set up. My dad wouldn't even take a salary or dividends from the business, only my mom would. Granted, they were getting lots of guidance from private wealth managers and CPAs. But that's another story.
+
+So on one hand you have nearly everyone on this sub telling you to do it a certain way, on the other hand you witnessed the complete opposite happening but still ending up more financially successful. So what do you recommend I do, what my parents and their friends did or ditch that mindset and focus on a keeping debt at a very minimum?
+[https://www.ft.com/content/3323dde1-af89-447f-9b62-cc98d9afe132](https://www.ft.com/content/3323dde1-af89-447f-9b62-cc98d9afe132)
+
+**Initial applications for unemployment benefits fell to 787,000 last week**
+
+New US jobless claims fell to the lowest level since early March last week but remained elevated above 700,000, as the Trump administration and Democrats remained at odds over a broad package of economic aid under two weeks before the presidential election.
+
+Initial applications for unemployment benefits dropped to a seasonally adjusted 787,000, compared with 842,000 in the prior week, the US labour department said on Thursday. The figure was lower than economists’ forecast of 860,000 claims.
+
+The federal Pandemic Unemployment Assistance programme, which offers benefits to the self-employed and others who would not qualify for regular benefits, registered 345,440 new claims on an unadjusted basis, up from 337,228.
+
+The number of Americans actively collecting state jobless aid totalled 8.4m in the week that ended on October 10. That continued a positive trend in continuing claims, having dropped from 9.4m in one week and from 12.7m in the span of one month. However, economists have partly attributed the fall to unemployed workers exhausting regular benefits.
+
+The insured unemployment rate, considered an alternative measure of joblessness, dropped to 5.7 per cent from 6.4 per cent.
+
+Treasury secretary Steven Mnuchin and Nancy Pelosi, the Democratic House speaker, have continued stimulus negotiations into this week in a last-ditch attempt to hammer out an agreement before the poll.
+
+Mark Meadows, White House chief of staff, said on Wednesday he was “optimistic” about the talks. “We do share one goal, and that is hopefully to get some kind of deal in the next 48 hours or so,” he told Fox Business. He added that funding for state and local governments was the biggest sticking point.
+
+As coronavirus outbreaks in America’s south and west this summer faded, hopes for a steadier recovery in the labour market rose after big states including Florida and Texas loosened curbs on businesses.
+
+But health officials have warned that other regions, particularly the Midwest, could be at risk of outbreaks. Wisconsin, where the rate of positive tests has hit highs this month, has emerged as a new virus hotspot. The north-east states of New Jersey and Connecticut have also reported a rise in infections after quelling earlier outbreaks.
+
+Federal Reserve officials have warned that the economy’s rebound could sputter without further stimulus from Washington. Republicans in the Senate put forward another $500bn bill this week that would increase unemployment aid, among other measures, but it was blocked by Democrats before reaching a vote. Donald Trump has said he would support a bigger spending plan, while House Democrats have backed a $2.2tn proposal.
+
+The jobless claims report showed that 23.2m people were claiming benefits in all state and federal programmes as of October 3, down from 24.2m, according to unadjusted figures that are reported on a two-week delay.
+
+The US has recovered half of the 22m jobs lost in March and April, bringing the unemployment rate down to 7.9 per cent in September — below its pandemic-era peak of 14.7 per cent.
+​
+
+https://preview.redd.it/f873m85tikt61.png?width=1147&format=png&auto=webp&s=1ce4090e570736176663166840f876f8f7a31966
+
+Apes, I would like you to meet Motley Fool Asset Management [https://www.mfamfunds.com/index.html](https://www.mfamfunds.com/index.html), the sister company of the Motley Fool.
+
+This company has several funds and ETFs on their site. So I took a look at the top holdings for each one then did a search on motley fool for their articles to see if they are upholding their mission to  [help readers obtain financial information and discuss ways to make investment and personal financial decisions](https://www.fool.com/legal/the-motley-fool-disclaimer/) are just a propaganda machine to boost the stock prices of their holdings **(spoiler alert: It's the propaganda one)**
+
+You can find their funds here: [https://www.mfamfunds.com/our-products.html](https://www.mfamfunds.com/our-products.html)
+
+\---------- **#1 Holding: Amazon**
+
+**Amazon is their number 1 holding in their FOOLX fund** but can be found at some % on most of them\*\*.\*\* And just take a look at the articles. literally they are banging out 3-4 articles A DAY saying how amazing Amazon is
+
+​
+
+https://preview.redd.it/1dvetdmbgkt61.png?width=612&format=png&auto=webp&s=d1af72ea5b82530bfe91a0201ef05ab8e64b21f8
+
+​
+
+**---------- #2 Holding: Watso Inc.**
+
+This is the **number 1 holding in their TMFGX fund.** I had never heard of this company, but motley fool has over 100 articles about it and once again all singing its praises.
+
+​
+
+https://preview.redd.it/u7jcbrvtgkt61.png?width=620&format=png&auto=webp&s=9efcac945d00ce1f774a33009ae2946eff999108
+
+**---------- #3 Holding - Apple**
+
+Apple is their **number 1 holding in their motley fool 100 ETF (TMFC)** and they actually **wrote some negative articles** about them... **just kidding!**
+
+​
+
+https://preview.redd.it/sq41ovmhhkt61.png?width=621&format=png&auto=webp&s=17dfe859749415d28c53a814f10d114a130cfba4
+
+**---------- GME**
+
+AAAAANNNNDDD now let's get to GME:
+
+​
+
+https://preview.redd.it/rhn78akyhkt61.png?width=615&format=png&auto=webp&s=d892feb2f6fb4bab9e9565fb465a26319d79ff52
+
+https://preview.redd.it/7brwqb47ikt61.png?width=618&format=png&auto=webp&s=b432faaeeb4dc209429d80e3eb6544791a3f1c78
+
+As you can see, not so great. They even did some comparisons between amazon, i wonder what they suggested...
+
+​
+
+https://preview.redd.it/lfxkxsbpikt61.png?width=673&format=png&auto=webp&s=bd24a53fd8e0efbb52605fe4826bef620788eb64
+
+**Now some of you may "wait, this seems like blatant market manipulation?" and if this was a just world then answer would be DUH!!!** 
+
+**BUTTTTT, at the bottom of their articles, they disclose that they do have a position in the stock (and even their call option recommendations...), its just in size 5 font after another long disclaimer.** 
+
+**So at least they are nice enough to let you know they are manipulating you if you bother to read the fine print.**
+
+​
+
+https://preview.redd.it/2b6r3y0zbmt61.png?width=825&format=png&auto=webp&s=4cef39ad2e04f26ea5f78b441d14f18a8d00e05e
+
+**Update:** so i clicked on their disclosure policy [https://www.fool.com/legal/fool-disclosure-policy/](https://www.fool.com/legal/fool-disclosure-policy/) and found this GEM:
+
+​
+
+https://preview.redd.it/xpwt5n3i9mt61.png?width=905&format=png&auto=webp&s=0a7c551aec5aff72562b7d9e1c715796b03c4c22
+
+and also this from their disclaimer page [https://www.fool.com/legal/the-motley-fool-disclaimer/](https://www.fool.com/legal/the-motley-fool-disclaimer/)
+
+​
+
+https://preview.redd.it/r2p46pqaamt61.png?width=889&format=png&auto=webp&s=a3f17d9e01dc5c26fdcc1305fbee0db78d02c8a3
+
+**So funny that they say that they are not here to give you buy or sell recommendations when they literally say "Recommends Apple. The Motley Fool recommends the following options..."**
+
+# So if you had any doubt about the purpose of motley fool, it is just propaganda to prop up their holdings and downplay any other company that could threaten them.
+Disney down 7% - This company lost over $20BN in value today. 
+
+[Disney stock 11-11-21 4:00PM](https://preview.redd.it/8r6m6vjd91z71.png?width=1644&format=png&auto=webp&s=4e5df8636de9f3e8a5310efdfed6f1c3037cc904)
+
+The Call Options Got Wrecked...
+
+[Even a retard smooth brain knows thats not good for people hodling them \^](https://preview.redd.it/rpege23t91z71.png?width=1610&format=png&auto=webp&s=baba042143435a9ff5d079b3406ede94fc5ce7f9)
+
+[Citadel Advisors with a $1.5B Call Option... ](https://preview.redd.it/ckk7xzv0a1z71.png?width=1868&format=png&auto=webp&s=9c1ffc0cecd9f1eed7c3331e8a51261532ce6c96)
+
+[https://stockzoa.com/fund/citadel-advisors-llc/#google\_vignette](https://stockzoa.com/fund/citadel-advisors-llc/#google_vignette)
+
+**TL:DR Far out Disney Call Options got wrecked today. One of Citadel Advisors Core Positions is a Disney Call Option valued at $1.5B. This will cause major damage if they still own that position. Based on the fund behavior (Ive studied it for a while now), I would say they still have that position open. Citadel holds their core positions.**
+## 47%, Gary Gensler, Antitrust, and Citadel
+Gary Gensler talked about a lot of stuff at the hearing earlier this week. The representatives generally focused on a lot of garbage, and they have justifiably taken a lot of shit from this community for their piss poor understanding of the things they are supposed to oversee. Lost in the gamification discussion was Gary Gensler talking about market concentration and Citadel how 47% of all retail order flow is routed through Citadel. This is a serious issue, and it is one that can be resolved through one of the Commissions established by Congress, for example: the SEC, but it can also be referred to the Department of Justice, Antitrust Division or the Federal Trade Commission.
+
+### Why This Guy?
+Before I go any further, I used to be an employee of the one of these last two federal agencies, and I happen to have a bit of expertise in the subject matter I am about to talk about. Other things I might be blowing smoke out my ass, but I’m trying my best to educate, inform, or otherwise support my fellow apes. I am willing to provide my resume and identity to the mods, but I prefer to remain otherwise anonymous.
+
+### An Extremely Brief History of Antitrust in the US
+There are 3 main laws that govern Antitrust Law in the US. They are the Sherman Antitrust Act(1890), the Federal Trade Commission Act(1914), and the Clayton Antitrust Act(1914).
+
+The Sherman Antitrust Act outlaws restraints of trade or commerce, and declares people who monopolize or attempt to monopolize or conspire to monopolize in violation of a felony. The first part is a civil violation and the second part is a criminal violation involving jail time and financial penalties, and it is per se illegal, or by even agreeing to be part of a conspiracy to restrict a market a person is in violation of a felony. There’s a lot of nuance and practical considerations to how judges and juries find in these cases. One of the first antitrust cases was brought against a labor organizer. It is now considered to be a vast misapplication of the law.
+
+The Department of Justice was deemed to be insufficient to deal with fast moving technology in the early 20th Century, and so Congress passed the FTC Act to get expert engineers and scientists into an agency with lawyers—to be better able to enforce the law. The Supreme Court has ruled that every violation of the FTC Act is also a violation of the Sherman Antitrust Act. The FTC can unilaterally impose monetary penalties, where the DoJ has to go through the courts for everything. The FTC still needs to bring criminal prosecutions to the federal courts.
+
+The Sherman Antitrust Act had the unintended consequence of causing companies to merge in order to avoid prosecution. The Clayton Act barred several items: price discrimination between purchasers if such discrimination lessens competition, sales on the condition that the buyer or lessee not deal with the competition of the seller or lessor or requiring the buyer to purchase another product on the condition that this not lessen competition, mergers and acquisitions that substantially lessen competition, and barring a person from being a director on the board of two or more competing firms. The key here is “lessen competition,” and how that has been defined in the modern era.
+
+We can more or less ignore the FTC Act, and the Clayton Act matters, but only tangentially. It is however a significant tangent.
+
+Enter Robert Bork. 
+[Get a Load of This Mug](https://upload.wikimedia.org/wikipedia/commons/d/d8/Robert_Bork.jpg)
+That’s right. That Robert Bork. Nixon’s Solicitor General, later federal judge, and then blocked from being on the Supreme Court due to being too extreme. He argued that the goal of antitrust law should be to protect consumers, because consumers are inherently foolish. So the consumer harm standard of antitrust enforcement was adopted. This implies that the harm to competition, the competitive process, can be observed through the effect on prices that consumers experience. This is still how antitrust law is enforced today.
+
+### Great, But How Does That Do Anything For Us?
+
+In the short run, it probably does nothing. Antitrust matters move at the pace of the commissions and the courts, but buy and HODL, amirite?
+
+This is a little heavy reading on how Antitrust cases are evaluated.
+https://www.justice.gov/atr/horizontal-merger-guidelines-0
+
+Important notes not contained here: in order to prosecute a case for monopoly in order to break up the company there needs to be market power and abuse of dominance. Typically, the courts are skeptical of market power when a company controls less than 60% of a market. Control of market share is not enough. Due to the consumer harm standard, in order to prosecute monopoly or abuse of dominance harm to consumers must also be shown.
+
+But how does this relate? Well… In comes market concentration, a popular proxy for how concentrated markets are already. The Herfindahl-Hirschman Index (HHI) is a measure of market concentration. It is calculated by squaring the market share of the market participants and summing them. A market with an HHI of 1800 or greater is considered to be highly concentrated. Using that 47% figure that Citadel touts-and no one else’s share, the HHI for retail routed orders is 47^2 = 2209. That market is already there without the other 53% of the market included. This only matters in the event of merger and acquisition, however. There’s another key point here: Payment for Order Flow.
+
+By paying for order flow, Citadel may be changing the market definition in a couple of ways. The first is, they are the consumer of retail orders from brokers, and they are a dominant player in the buying side of this market. They might be foreclosing other wholesalers out of this market and exerting **monopsony power** or undue influence over the market through purchasing. The other way they could be messing up is through purchasing all of any given broker’s order flow. By doing this, Citadel has given consumers in the market no choice of order routing, and they are monopolizing broker routings. There is huge potential for profit taking internally here, because the price that consumers see is rounded to 2 decimal places, but as we all learned with the 32 bit integer issue and Berkshire-Hathaway, the price is actually calculated out to 4 decimals. Citadel could buy up your order flow at the 4 decimal price, match against the other end of a trade, and take 2 decimals of profit on every order.
+
+On top of that, Citadel knew about these anti-competitive issues associated with payment for order flow as early as 2004. They specifically commented against them. https://www.sec.gov/rules/concept/s70704/citadel04132004.pdf There is no way for them to say they did not know about the harm they were causing and continue to cause as they caused it and continue to cause it.
+
+Any of the above could be construed as an abuse of a dominant position, harm to consumers, if not monopoly or monopsony. This could result in $100M fines per day that these could be demonstrated. If Ken Griffin is implicated through documentation or other evidence personally, he could face a fine of $1M and up to 10 years in jail.
+
+Citadel is likely irrevocably fucked, whether or not they survive the MOASS, whenever it comes.
+
+Edit: TL;dr: A mentor told me I should try to be able to explain it to a 5 year old.
+
+By paying brokers for your order, my order everyone's order to go through them, Citadel has been doing something that isn't fair and is against the law. They knew it was against the law and unfair. Ken Griffin could face jail time if it can be proven that he knew about some of the problems they were causing.
+I am probably a much older ape than most here so I will keep this short. Throughout my life the wealthy have partied while the working class and poor have paid the bill.
+
+It's happening again, too many times for me to look forward to retirement comfortably after a life of work and playing their game foolishly. The only thing that will prevent you,  your kids and grandkids from suffering the same fate is a united front and a concerted effort to change things.
+
+No matter what you are stronger together and don't let them divide you like they have so well to my generation. 
+
+Good luck.  (Mods feel free to change flair or delete)
+SHF are trying to look like this price movement is the beggining we all been waiting for, but it's not, do not fall for it. They are trying to make you buy calls which are going to expire worthless. Buy the stock and hodl. They control the price, they manipulate it up or down. But we own the float! 
+
+Not a financial advice!
+As you have been witnessing, MSM, MM and SHF (let's call them the criminals) ran out of options. They are so desperate for our shares so they can close their position. 
+
+What funny is that no matter how much GME gets shorted everyday, Apes don't seem to get enough of these synthetic shares. Apes swallow up the daily short, burp and ask for more. This has been going for more than 9 months now and that's why Hedgies are f$$ked. Furthermore, it's safe to say, the number of synthetic shares are way higher than 250 million. 
+
+My theory is that the criminals have a bigger plan since they can no longer control the narrative: 
+
+1. The criminals somehow wants Apes to believe that the number of synthetic shares are around ~250 million.
+2. The criminals somehow make intentional clerical error to disseminate rumors that the number of synthetic shares are ONLY in the 250 million territory. 
+3. The criminals then pick a hyped date where Apes think GME would squeeze and drive the volume up.
+4. Volume goes in the 300-400 million territory in one day like that in Jan. Perhaps jack up the price to the 1,000s or more. 
+5. Weak hands will paperhand and think the squeeze is over.
+6. Point number five is what the criminals hoping to happen, but Apes now are aware of the trick.
+7. When the price goes up and no Ape sells, the price would stay there as it would be extremely expensive to drive it bavk down to $200 neighborhood. 
+
+This is why it's extremely counterintuitive, illogical and expensive for Apes to day trade GME. Just buy, hold and you will collect the lottery $$$ very soon.  
+
+This is just my theory and I could be completely wrong, but these yahoo numbers are extremely suspicious and I give it a lot of thoughts trying to understand why the criminals want apes to think the float is ~250 million. 
+
+All feedback, comments, constructive criticism are welcome. 
+
+"Get Rich or Die Buyin"
+
+Edit 1: many pointed out that if GME hits $1,000 margin call will be triggered. I don't believe in this theory and if so, the criminals will cover each other ass's like how they did with Robinhood back in January. Also, remember,  the entity that is going to initiate the margin call is part of the problem not the solution. People like me and you who get margin calls. These criminals don't. You can have all sort of laws surrounding margin calls, but if enforcement is weak no one would bat an eye.
+In my early 30s, had a tough and traumatic childhood, entered adulthood wholly unprepared with my fair share of mental/behavioral issues. Was pushed into grad school, decided to abandon it with 6-figure debt to start a company without any formal experience. Found a partner who knew way more than I did, went through the motions for several years, business got acquired, I came into a low 7-figure windfall, I left.
+
+Now I find myself with enough money to coast, am in a perpetual state of comfort, feeling no motivation whatsoever to address my many personal issues or build the next stage of my career. Growing up, every trigger to action was due to an impending crisis to be avoided -- writing an essay the night before the deadline, getting into grad school to avoid poverty, shipping a product on time to avoid being unemployed. Now there is no impending crisis, and I'm in a holding pattern.
+
+And when I do feel a surge of motivation, I feel paralyzed by my what I perceive as my lack of skills, experience, and network. I came out of the acquisition having learned little about running a business beyond putting out fires in a completely unstructured environment as a foot soldier at the behest of my business partner. I built no network, developed no foundation, and threw my entire life into the company which resulted in a small social circle, no hobbies, and no personal pursuits.
+
+Has anyone felt this or been in a somewhat similar situation? I recognize that this is totally a first world problem, and that I'm fortunate to be in the financial situation I'm in, but at times I feel I'd be better off without the money with the fire of urgency reignited beneath my ass.
+I don’t know if this is the right place for this, but long story short, the small ( <5 employees) company I (25F) worked for as a W2 worker was sold to a new owner and he would like to pay us as 1099 workers with a slight pay increase ($1 more). I feel like I’m going to end up making less than I did as a W-2 worker once I pay my taxes at the end of the year, but I told myself I was willing to take the L since I hadn’t planned on staying there for much longer (<1 year) and the new owner is currently in a tough spot financially. The only problem is that I’m still in college and my mom pays for my tuition (~$1000 this current calendar year), and since she doesn’t ask me to pay rent, I let her file me as a dependent so she can get tax deductions for my education, but I’m unsure if she can still file me as a dependent and get those education tax deductions if I file as a 1099 worker. 
+
+My new boss is pretty adamant about paying me as a 1099 worker and I worry it’s gonna cost my mom and I thousands of extra dollars in taxes. I could really use some advice from people who know more about accounting and taxes than I do, as I’ve never been a 1099 worker before and I don’t entirely know what that implies and how that affects me as a whole, aside from having to pay more taxes.
+
+Any advice would be greatly appreciated! If there is a compromise to be made between all parties I’m sure they’d be agreeable, but right now it just feels like I either save my mom money or my boss, who seems to be falling on tough times and whom I feel bad for. It makes me want to quit and withdraw from the situation, but then I’d be out of a source of income. 
+
+I don’t know if this information helps, but she filed my aunt and I as dependents & I have a brother who she filed as a dependent in the past but since he didn’t go to school last year and had a job she let him file as an independent. This year my brother is in school, taking more credits than me and is not working, so she plans to file him as a dependent.
+
+I live in Hawaii, if that helps! Thank you!
+
+Edit: this gained a lot more traction than I thought it would and I thank everyone for taking the time to offer me advice. I now realize the real issue is about how I’m being misclassified as an independent contractor when I am most probably not, and not so much about my mom’s ability to claim me on her taxes. I’m going to talk to my boss on Monday and see what recourse I have.
+
+Edit: I realize I may have left some important information out and since people are still reading this post I figured I’d add it on: 
+
+Since it’s a small company my coworker and I know that there’s a problem with cash flow because we are in close contact with our biller. I don’t know if this makes a difference in the misclassification but not only are we doing regular MA duties but we’re doing things on the management side as well. My boss has also bought my coworker and I a sculpting machine to offer aesthetic services in the future, of which he said we could split the profits 70-30 with him. 
+
+Would the sculpting (in the near future) and management work that we do for him affect my status as a 1099 or w-2? Also, given these other responsibilities, if I were to have a contract drawn, would this make things legal?
+*YOU DO NOT NEED A LAMBORGHINI*
+
+*YOU DO NOT NEED A MANSION*
+
+*YOU DO NOT NEED 1000 ACRES OF LAND*
+
+*YOU DO NOT NEED ALL THE USELESS DRUGS IN THE WORLD*
+
+*YOU DO NOT NEED ALL THE USELESS SEX IN THE WORLD*
+
+*CONTROL YOUR DESIRE AS IT WILL DESTROY YOU*
+
+*EVEN IF YOU DO GET THAT 100M DOLLARS WITH YOUR MEASLY 10 SHARES* 
+
+*EVEN IF YOU DO GET THAT 1 BILLION DOLLARS WITH YOUR 1000 SHARES*
+
+*TAKE THIS TIME TO UNDERSTAND THE POWER OF THE PSYCHE*
+
+*TAKE THIS TIME TO UNDERSTAND WHAT IT IS THAT IS YOUR WEAKNESS*
+
+*TAKE THIS TIME TO WEAPONIZE YOUR DREAMS TO UNDERSTAND THE SELF*
+
+*THERE'S NOTHING WRONG WITH DESIRE* 
+
+*BUT IT IS EASILY PERVERTED*
+
+*AND IT WILL EASILY DESTROY YOU*
+
+*SUSTENANCE, LUXURY, AND INEBRIATION IS NOT ALL THERE IS TO LIFE*
+
+\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~
+
+>YOU ARE HAPPY BECAUSE YOU KNOW YOURSELF  
+>  
+>YOU ARE HAPPY BECAUSE YOU KNOW STRUGGLE  
+>  
+>YOU ARE HAPPY BECAUSE YOU HAVE SUFFERED
+
+\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~
+
+*BUT EVERYTHING YOU HAVE EVER GONE THROUGH MEANS NOTHING...*
+
+*IF YOU BECOME SUPERFICIAL AND LIVE FOR MATERIALISM* 
+
+*IT HAPPENS IN AN INSTANCE AND YOU WILL BE FOREVER DESTROYED*
+
+*BECAUSE YOU DID NOT TAKE A FULL INVENTORY OF YOURSELF BEFORE YOU ARRIVED*
+
+\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~
+
+**SO I ASK YOU ONE LAST THING BEFORE YOU DIAMOND HANDS TO MILLIONS OR BILLIONS...**
+
+\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~
+
+*DO YOU KNOW YOURSELF?* 
+
+*DO YOU KNOW WHAT YOU WILL DO FOR THE WORLD?*
+
+*OR WILL YOU DO NOTHING BUT SPEND MONEY ON GARBAGE...*
+
+*AND DESTROY YOUR SOUL IN THE PROCESS?* 
+
+*YOU WILL END UP JUST LIKE THE MEN YOU HATE IF YOU DON'T HARNESS SELF DISCIPLINE*
+
+\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~
+
+**GOOD LUCK APES CAUSE SHIT IS ABOUT TO GET REAL**
+
+**AND LASTLY YOU'VE SEEN THE TWO WORDS FAKE SQUEEZE A THOUSAND TIMES**
+
+**CAUSE THEY'RE ABOUT TO FUCK WITH YOU**
+
+**WE WILL NOW SEE THE TRUE DIAMOND HANDS**
+
+....
+
+# BE CONTENT WITH NOTHING... 
+
+# AND WHEN YOU HAVE EVERYTHING???
+
+# RULE YOURSELF WITH AN IRON FIST
+I received a bill from my dentist several months after my last appointment for $65. I called them and they said they were for x-ray fees which my insurance didn’t cover because it hadn’t been enough time since my previous x-ray. I explained that I’d never requested an x-ray or been asked when my last one was, I was simply told that I needed an x-ray. Long story short, they ended up waiving the fee. It’s always worth calling about unexpected fees!
+
+Edit: To clarify, this was a completely unnecessary x-ray as I’d just had one six months ago and wasn’t experiencing any dental issues.
+What is happening? Why is this sub slowly turning into WSB? What is all this bullshit about rockets and moons? Does anyone care about the project? I know this is ethtrader which is price oriented but come on....how are you suppose to make money without reading about the project and understanding its potential? 
+
+The last couple of days had almost zero constructive threads which is alarming since in this high volatility times we should discuss why dips are happening and stop hating on celebrities and blame everything to them. Elon the catalyst? Sure but a catalyst to what? Price correction? Luck of faith in the project? 
+
+Can we please reset this sub to each original constructive form?
+
+If am the only one feeling this way i will happily remove myself.
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+what percentage split do you recommend a portfolio of only dividend stocks to be...individual company stocks vs ETFs...currently split about 80% & 20% respectively. Thinking I should have more in the ETFs
+I spoke up today at work in a small team huddle. I asked my boss' boss about something borderline illegal that the company did and lied about. I have known for a while now, others know as well but no one spoke up. FIRE has allowed me to get over the fear of losing my job and spoke up. I feel so much better after speaking up
+
+Thank you for sharing your journey and motivated me to do the same. So happy that I can share with someone about this small achievement.
+
+Edit it wasn't that climatic. I simply asked "can we address x" and the response was meh. I was just really really happy I could speak up for once and wanted to share. not whistleblower worthy and I would rather spend my time finding another job at a more honourable company.
+ Walmart just dropped their equivalent to Amazon prime called Walmart+. This definitely could rock the ecommerce market and do potential damage to Amazon by splitting the consumers down the middle. $AMZN does make a lot of it's money from AWS(Amazon web services), but consumers know them for their insane ability to ship on the same-day (prior to coronavirus at least). What's your thoughts on this? Any potential other ways to affect the stock market that people (like myself) would not think of? 
+
+​
+
+ [https://www.cnbc.com/2020/07/07/walmarts-answer-to-amazon-prime-set-to-launch-in-july-according-to-report.html](https://www.cnbc.com/2020/07/07/walmarts-answer-to-amazon-prime-set-to-launch-in-july-according-to-report.html)
+We all wish we had more ETH. Whether you have 1 or 1000...just a few more would be nice. Just remember...you have more ETH than almost anyone on the planet. It's early. You're in. And you'll get more over the next month and years. Best fortune to all. Stay kind and focused and enjoy the ride. 
+Mid 30s HENRY, household income about $525k looking for 10 yr path to fatFIRE. 
+
+I’m at a profitable unicorn but with no real comp package aside from a one time small grant of RSUs. 
+
+I’m effectively at a Director level, but am operating more as an individual contributor and I am not managing a team.
+
+The company was maybe a $400M valuation when I joined a few years ago and is now likely $1.5B. 
+
+The goal is to go public in a few years.
+
+I have become much important to the company’s overall success over the last 12 months. While I don’t manage a team or department I would estimate that I’m within the 25-50 most critical employees out of 2,000. 
+
+How much RSU / Equity value can a high level individual contributor realistically negotiate? 
+
+I feel like if I can’t negotiate a $5M+ potential equity value based on the company growing 3-4x to a $5B valuation, then I would rather leave and start my own company.  
+
+How does one negotiate this? What else should be considered?
+I am sorry that this post has a lot about me. This is not meant to be a humble brag. Instead, I hope that at least one person can get some value from this. My background is just meant to give context.
+
+I grew up dirt poor. My father was highly intelligent but was a “ the grass is greener on the other side” guy. He switched jobs a lot. He had one year in college before dropping out. My mother did not graduate high school. 
+
+I grew up in a run down house in rural California (yes, there is a rural California). The town I grew up near was the drug gateway into Los Angeles. It had one Sheriff. In the 70s and 80s the Hells Angels warehoused their drugs there. In the late 80s 90s they were pushed out by cartels. 
+
+I grew up in a two bedroom hovel. We only had a tub that had fallen through the rotted floor of the one bathroom. We often went without electricity and water. We rarely had trash service. I grew up taking the trash out to the backyard and throwing it into a pile. A pile that became taller than I was. Rodents and cats would tear open the bags and spread the trash around. It was common to find piles of maggots infesting the garbage stack. 
+
+My mother had a mental illness and suffered from severe depression. She had to have a tumor removed that was the size of a basketball. After that surgery she was bed ridden because of her undiagnosed depression.
+
+This all seemed normal to me, because, I did not know any different. I didn’t know that most people did not have ceiling collapsing inside their homes. I did not know that when it rained not everyone had to grab buckets to collect the rain water that came through the leaky ceiling.
+
+I was pretty self sufficient from a young age. I did my own laundry, and scrounged for my meals. I got myself ready for school. In many ways I raised myself. Like many poor kids I lived on hot dogs and bologna. Most meals consisted of toast with gravy on it. 
+
+College was never talked about in our house. College was for rich kids. School was not even that important. It was just a place that I could get a .20 cent lunch. I was always in trouble for fighting. I took out my frustrations on other people. I had the most detentions and suspensions of all my peers. This happened even through high school. I was threatened with expulsion many times. All of the staff and resource officers knew me.
+
+My senior year of high school I had a 1.8 GPA. I was also missing a few core classes. The school made me take night classes at the adult education campus. I ended up graduating with a 2.0 exactly.
+
+I spent two years after high school working low paying jobs. I was homeless and stayed at wherever someone would let me. I slept on a lot of couches and floors. I got into drugs. I frequented crappy strip clubs. 
+
+After 9/11 I joined the military. I had dyed blonde hair, nipple piercings, and was covering myself in tattoos. I was a freak.
+
+When I took the Asvab I scored two points away from max. This surprised me. It was the first time I had really done something even slightly impressive. I went in as an Aircraft electrician. During AIT I had the highest grades of all of the classes during that training cycle. I was the Distinguished Honor graduate.
+
+While in the military I took a few community college classes. I carried a pretty high gpa and made the Dean’s List every semester. 
+
+After the military I went to work and college at the same time. I had a wonderful wife and young kids. I worked during the day and went to school at night. It took me another two years to earn an Associates. It took me seven years to get a Bachelors. It took me another three years to earn a Masters. 
+
+Meanwhile I worked as a mechanic. I became a Master Mechanic. I have never made over a $100,00 in a W2 job. In fact I probably made around $30,000 to $40,000 most years.
+
+While going to school my wife and I financed two new fancy vehicles. We ran up $25,000 in credit cards, I took out $30,000 in student loans that was not always spent on school. My wife had to work nights. I had to take online courses. We were digging ourselves a hole.
+
+One day I was switching stations on the radio. I came across Dave Ramsey and listened to him. His advice seemed stupid-simple. I told my wife about Dave and we both jumped in with the goal of being debt free.
+
+We took both of our cars down to Carmax and sold them. Luckily we broke even between the two. We literally ate rice and beans and threw every penny at debt. It took us two years to become debt free. I drove a really old teal Mazda 323. My wife drove an old Mazda Mpv mini van that was this horrible shade of purplish-blue.
+
+Once we were debt free everything became easier. I put a lot of money into my 401k. My wife became a stay at home mom. I kept earning better degrees and found myself making a whopping $72,000 per year. 
+
+We ended up moving and rented out our old house. We bought another house for a crazy low interest rate. Our rental property was cash flow positive.
+
+I started a side business while working for an employer. It is a service based local business. I started it with a partner. I cashed out my 401k of $78,000. My partner was supposed to do the work while I performed the administrative functions and financed the business. My employer ended up firing me for having a side business. His reason was “if you had told me I would have wanted to be a part of it”.
+
+My partner was a liar. 
+
+A year after starting the business I found that my partner had squandered tens of thousands of dollars. He ended up getting a lawyer and threatening to sue me. Meanwhile the business was crashing and burning. I settled with my partner for an amount that I could not really afford.
+
+Everything I had was at risk. At this point I had borrowed over a $100,000 for the business. I could not sleep during the weekends. I remember thinking that my two choices were to go crazy or fix this. I couldn’t go crazy because I still had young kids.
+
+So, I showed up two hours early everyday and stayed late every night. I focused on ‘I need to do one thing everyday to make the business better’. Meanwhile I had a handful of customers threatening to sue me over my previous partners actions. I was getting demand letters every month. 
+
+I just kept moving forward. Trying to do one thing better. Putting out fires as needed. 
+
+Three years later I bought out another small business. Today, we have multiple locations. I am involved as a partner with a handful of new businesses. I directly manage a handful of businesses. I own rental properties. My net-worth is skyrocketing. 
+
+My business debt is paid off except the debt I have against assets. 
+
+I am 41 years old and I consider myself retired. I have managers that manage aspects of my business. I sit in my office and mentor my high-potential, high-value management staff.
+
+So, how did I go from a 2.0 to this? More importantly how can you go from where you are to your own version of success?
+
+Education: people get paid for what they do. People get paid more for what they know. People that continually learn and apply that learning no matter what age they are get paid the most. People that take what they learn and apply it independently of an employer create their own job security. 
+
+Control: control what you can control. Don’t pay much attention to what you cannot control. I could not control my partner’s actions. The sooner I metabolized that fact and moved forward the better it was for me. 
+
+Options: most people’s version of success is based around options. You may think that I should substitute being debt-free for options. The fact is that being debt free just increases your options. What I have learned in my life is that options are the only thing that separates the impoverished from those that are not. If I need to move I can move. If I need to close a business, I can close a business. If I need cash, I can come up with cash. If a business deal comes my way I can pull resources to become part of that deal.
+
+I tell my young daughters that everything they do in life, every choice they make, should be based around which one gives them the most options. With options comes power over the unexpected. Life is not about money....it is about options. However, money usually goes hand in hand with options. 
+
+I love my poor people out there. I just want you to know that you can not only do what I did, but, you can do it better. Educate yourself, control what you can, give yourself options.
+Throwaway account, but i also don’t know if this is the right sub.  Thanks so much for any advice.  
+
+My father passed away 3 weeks ago.  He left behind a life insurance policy for my mom, but also about $40,000 in credit card debt.   The house my mother lives in still owes $400,000 and they have a leased car about a year old at $500 a month.    
+
+My brother and i decided that the best thing to do is take $50,000 of that life insurance and wipe out the credit card debt.  My mom makes a decent living, and she can sustain the household expenses including the mortgage.   We’ll put 6 months worth of expenses away in a savings account. 
+
+My question is, after all is said and done, we’ll have about $150,000 to invest.   My mom lives in fear, and she keeps saying she wants to be able to take the money if she needs, and she’s concerned we’ll invest it and she’ll lose it.    What should we do with the money? Should we put the max amount every year into a Roth IRA, should we split it up into several reserve stock investments?  I want to set my mom up for success in these tough times.  
+
+I appreciate your help!
+Edit: Did not expect to get this amount of feedback. Appreciate all the responses. For those asking, I'm 34. I don't have kids and live with my girlfriend so we split the rent in a HCOL area. My job is also stable (from what I'm told lol) and I work from home for now. Job hasnt made a decision if it is permanent or not. I also have $30k in student loans from both undergrad and grad school, but have been putting the payments in a savings account until it's time to pay again. So technically, I have that $10k saved if loans end up being forgiven, but I'm not counting on it.  
+
+I make $72,800 and am thinking $10,000 would be good for me. I only have $2,000 saved right now.
+
+After I hit my goal I can max out my 401k. Currently I'm saving 7% with a 3% match and am maxing out my Roth.
+I see a lot of talk from the high net worth performers here about investing in real estate, businesses, complicated financial products etc. Anyone in here retired and just using VTSAX (sp500 index) and bonds with a 3-4% SWR?
+
+EDIT: For those that do, what’s your net worth roughly?
+After 5 months of developing, backtesting and live simulation trading of a heavily indicator/technicals dependent MFI/BB reversal strategy, I went full time trading in late May with conservative position size. June seemed affirming; I ended the month with a 12% gain. Feeling good, I decided to size up for July. Results were middling, up 5% one day, down 12% the next week. FUD crept in. Was my strategy failing? Why wasn't price action responding the way I had grown to expect it to? By the first week of August, all the profits I'd made were gone, and I was standing in a fast filling puddle of red.
+
+Turns out, I'm not a machine.
+
+In the process of backtesting, I created a very precise system, one that I wasn't precise enough to enact. According to my backtesting, I had a significant edge. I could pull 5-8% a day consistently (even during the Covid crash), but I had to hit every entry. Problem being, my rules/accompanying scanner would give me roughly 5 entries each on five stocks. 25 entries per day across a spread of charts. The entries aren't simple either, relying on very fast developing contexts, where a missed entry of .03-.05 was the difference between a loss and win. As I am but a sad sack of clicking bones and sloughing flesh, I could only hit 6-7 of these entries per day at my best, and I usually acted on a few false signals to boot.
+
+In doing a deep dive in my trade analysis, I realized I was getting lucky in June, hitting 4-5 winners in the 6-7 sample size of the necessary 25 entries. July and the first few days of August, complete opposite.
+
+As my account dwindled dangerously low, I decided to put the strategy, and what had become a very swollen and hurt pride, on hold and went back to price action basics. Flags. ABCD pullbacks. My chart went from a Pollock painting to a Newman. And I achieved Onement.
+
+Price action traders, I won't apologize, but I admit fallibility. I argued against many of you this year, and I was, for the given intent and purpose of making money, totally wrong. I'm convinced there is a flow to trading that once plugged into, can become profitable. It doesn't take indicators, or swirly visuals, or alert bells. It happened to me today on ZEV and FULC. Before, I would have ignored the flow, played the statistics for scraps. But after catching an entry into the first halt, I admit I had a nice cry. I've put a lot of work into understanding the markets, and developed a lot of hope for creating a new path towards financial security. But only after clearing the slate and letting what I've learned guide me instead of forcing previously held (and less well-informed) beliefs, did it click. Today, I started seeing the seeds sown from that practice, study and humility learning begin to grow.
+
+So I'm sold. I tried blazing a new trail, when the cow path would have done fine. Price action trading it is.
+It looks like Australians should stop being “comfortable and relaxed” and be a bit more alert in terms of broader economic issues.
+
+What are you doing / wish you were doing to prepare for the upcoming recession?
+
+*I acknowledge recession is probably not technically the right work as all it indicates is slowing of GDP, where is I am talking about the broader population being worse of in economic terms*
+https://www.bls.gov/news.release/cpi.nr0.htm
+
+You can see a very specific breakdown per item here: https://www.bls.gov/news.release/cpi.t02.htm
+
+>The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a
+seasonally adjusted basis after rising 1.2 percent in March, the U.S. Bureau of Labor Statistics
+reported today. Over the last 12 months, the all items index increased 8.3 percent before
+seasonal adjustment.
+
+>Increases in the indexes for shelter, food, airline fares, and new vehicles were the largest
+contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent over
+the month as the food at home index rose 1.0 percent. The energy index declined in April after
+rising in recent months. The index for gasoline fell 6.1 percent over the month, offsetting
+increases in the indexes for natural gas and electricity. 
+
+>The index for all items less food and energy rose 0.6 percent in April following a 0.3-percent
+advance in March. Along with indexes for shelter, airline fares, and new vehicles, the indexes
+for medical care, recreation, and household furnishings and operations all increased in April.
+The indexes for apparel, communication, and used cars and trucks all declined over the month.
+
+>The all items index increased 8.3 percent for the 12 months ending April, a smaller increase
+than the 8.5-percent figure for the period ending in March. The all items less food and energy
+index rose 6.2 percent over the last 12 months. The energy index rose 30.3 percent over the last
+year, and the food index increased 9.4 percent, the largest 12-month increase since the period
+ending April 1981.
+I love my dog.
+
+Of course, man's best friend ages quicker than man himself (or woman). I was told by the vet that my old pooch needed a hip replacement and I was told the bill would be upwards of $5000. I invested a small sum, about 75%/25% into BTC/ETH just a little over a year ago. As you well know, returns have been great and while I would have loved to have kept hodling, I knew this was the moment to cash out.
+
+Fast forward two weeks (to today) and my pup is smiling again and I've got hope that she's going to keep mobile for awhile longer.
+
+I do plan on buying back in again someday. But I am thankful for the gift that the BTC/ETH returns have given me.
+
+Note: I probably could have shuffled some cash out of some other investments to make it happen too. But I liked the ring of 'crypto paid for my dog's surgery' better than 'I shuffled some index funds to cash to pay for it'.
+
+That's my good news story for the day.
+
+I posted this on bitcoin and alot of people enjoyed, thought you might too.
+Hi team! I'm thinking to start buying Gold as a part of my investment portfolio (adding to ETFs and a bit of crypto). Was wondering what is the best way to do it. I can't choose between physical gold, 1:1 gold crypto coin or gold ETF.
+It's possible to stake gold coins and get around 6% interest.
+How do you buy gold and what are the pros and cons of the ways the gold is bought?
+
+I live in the Netherlands and use Degiro for ETFs.
+
+Thanks a lot
+Update 2/19: finally managed to get an update post through moderation- much better than this original! [https://www.reddit.com/r/wallstreetbets/comments/lnzeho/the\_silver\_short\_squeeze\_is\_glaringly\_obvious\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/lnzeho/the_silver_short_squeeze_is_glaringly_obvious_to/?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+Update 2/4 - someone went ahead and spelled out the mechanics of the squeeze quite well and I would like to give their post attention [https://www.reddit.com/r/wallstreetbets/comments/lc8vgo/slv\_is\_not\_going\_to\_get\_squeezedslv\_is\_the\_trojan/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/wallstreetbets/comments/lc8vgo/slv_is_not_going_to_get_squeezedslv_is_the_trojan/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) \- however, they are betting on SLV which is controversial. If SLV does have the silver they say they do it’s a great bet. If not, then PSLV is the way to go. I have switched to PSLV
+
+Update 2/2 - I am able to comment again. I messaged several mods on Reddit and the mod account on Twitter. None of them responded but it appears I am able to comment again so I assume one of them lifted my ban
+
+Update 2/1 - I have been banned from posting on WSB. I guess they aren’t yet deleting my post here given the media attention. If this was a rogue mod I’d appreciate being restored the ability to post on WSB.  I’m open to talking to any mods
+
+Update 1/31 - there have been tons of 'what to buy' questions so [I added a clarity post](https://www.reddit.com/r/wallstreetbets/comments/l9tzkv/the_dd_on_slv_updated_131_clarity_on_what_to_buy/?utm_source=share&utm_medium=web2x&context=3), hope it helps.  It's also getting downvoted to hell because its not about GME so that's discouraging.  The speed at which the downvotes flew in makes me think someone made bots to crush new posts related to SLV (or maybe anything not GME).  It makes no sense for this post to have 93% upvotes and my new one to have 28%.
+
+I have not sold my GME to buy SLV.  I had a small pre-existing position in leaps I bought months ago.
+
+Created an [official Twitter handle](https://twitter.com/Thehappyhawaii1/status/1355663208774836228?s=20) not sure if I’ll use it, but didn’t want anyone to impersonate me on there
+
+Here is the longer DD for the short squeeze case for SLV, a follow-up from my shorter post a few hours ago. Note that I talk in first person as this is something I’m going to do. Everyone is free to do as they individually please and copy my trade if they’d like to.  I think it’s absurd that forces at be think this forum is manipulating by posting publicly but that’s where we are at right now.
+
+First things first, **I'm not doing this until the GME rise is done.** I am long GME but am going long SLV immediately after.
+
+Update 1/29: due to the manipulation and collusion of citadel, hedge funds, and brokers to change the rules and rig the game in their favor. Who likely knew ahead of time and bought puts right before and calls at the bottom, GME is too important to abandon still. SLV is still my next play but GME needs to go to $1000 and these people need to go to jail.
+
+**If you just want to know what to buy skip to the end**
+
+I present 2 investment DDs in this post, the short squeeze and the fundamentals.  If you want to see what to buy
+
+**The short squeeze:**
+
+Buy SLV shares and SLV call options to force physical delivery of silver to the SLV vaults. Also buy physical silver bullion.  The best possible thing would be to take physical delivery in the futures market if you have access to do so.
+
+The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to physical silver, but lets call it 250-1 for now.  This means that for every  250 ounces in open interest in the futures market, only 1 actually gets delivered.  Most traders would rather settle with cash rather than take delivery of thousands of ounces of silver and have to figure out to store and transport it in the future.
+
+The people naked shorting silver via the futures markets are a couple of large banks and making them pay dearly for their over leveraged naked shorts would be incredible.  It's not Melvin capital on the other side of this trade, its JP Morgan.  Time to get some payback for the bailouts and manipulation they've done for decades (look up silver manipulation fines that JPM has paid over the years).
+
+The way the squeeze could occur is by forcing a much higher percentage of the futures contracts to actually deliver physical silver.  There is very little silver in the COMEX vaults or available to actually be use to deliver, and if they have to start buying en masse on the open market they will drive the price massively higher.  There is no way to magically create more physical silver in the world that is ready to be delivered.  With a stock you can eventually just issue more shares if the price rises too much, but this simply isn't the case here.  The futures market is kind of the wild west of the financial world.  Real commodities are being traded, and if you are short, you literally have to deliver thousands of ounces of silver per contract if the holder on the other side demands it.  If you remember oil going negative back in May, that was possible because futures are allowed to trade to their true value.  They aren't halted and that's what will make this so fun when the true squeeze happens.
+
+Edit for more detail:  let’s say there’s one futures seller who gets unlucky and gets the buyer who actually wants to take delivery. He doesn’t have the silver and realizes it’s all of a sudden damn difficult to find some physical silver.  He throws up his hands and just goes long a matching number of futures contracts and will demand actual delivery on those. Problem solved because he has now matched the demanding buyer with a new seller.  The issue is that the new seller has the same issue and does the exact same thing.  This is how the cascade effect of a meltup occurs.  All the naked shorts trying to offload their position to someone who actually has some silver. My goal is to ensure that I have the silver and won’t sell to them until silver is at a far higher price due to the desperation.
+
+The silver market is much larger than GME in terms of notional value, but there is very little physical silver actually readily available (think about the difference between total shares and the shares in the active float for a stock), and the paper silver trading hands in the futures market is hundreds of times larger than what is available.  Thus when they are forced to actually deliver physical silver it will create a massive short squeeze where an absurd amount of silver will be sought after (to fulfill their contractually obligated delivery) with very little available to actually buy.  They are naked shorting silver and will have to cover all at once and the float as a percentage of the total silver stock globally is truly miniscule.
+
+**The fundamentals:**
+
+The current gold to silver ratio is 73-1.  Meaning the price of gold per ounce is 73 times the price of silver.  Naturally occurring silver is only 18.75 times as common as gold, so this ratio of 73-1 is quite high.  Until the early 20th century, silver prices were pegged at a 15-1 ratio to gold in the US because this ratio was relatively known even then.  In terms of current production, the ratio is even lower at 8-1.  Meaning the world is only producing 8 ounces of silver for each newly produced ounce of gold.
+
+Global industry has been able to get away with producing so little new silver for so long because governments have dumped silver on the market for 80 years, but now their silver vaults are empty.  At the end of WW2 government vaults globally contained 10 billion ounces of silver, but as we moved to fiat currency and away from precious metal backed currencies, the amount held by governments has decreased to only 0.24 billion ounces as they dumped their supply into the market. But this dumping is done now as their remaining supply is basically nil.
+
+This 0.24 billion ounces represents only  8% of the total supply of only 3 billion ounces stored as investment globally.  This means that 92% of that gold is held privately by institutions and by millions of boomer gold and silver bugs who have been sitting on meager gains for decades.  These boomers aren't going to sell no matter what because they see their silver cache as part of their doomsday prepper supplies.  It's locked away in bunkers they built 500 miles from their house. Also, with silver at $23 an ounce currently, this means all of the worlds investment grade silver only has a total market cap of $70 billion.  For comparison the investment grade gold in the world is worth roughly $6 trillion. This is because most of the silver produced each year actually gets used, as I have mentioned.  $70 billion sounds like a lot, but we don’t have to buy all that much for the price to go up a lot.
+
+\*\*If the squeeze happens, it would be like 40 years worth of their gains in 4 months \*\*
+
+The reason that only 8 ounces of silver are produced for every 1 ounce of gold in today's world is because there aren't really any good naturally occurring silver deposits left in the world.  Silver is more common than gold in the earth's crust, but it is spread very thin.  Thus nearly every ounce of silver produces is actually a byproduct of mining for other metals such as gold or copper.  This means that even as the silver price skyrockets, it wont be easy to increase the supply of silver being produced.  Even if new mines were to be constructed, it could take years to come online.
+
+Finally, most of this newly created silver supply each year is used for productive purposes rather than kept for investment.  It is used in electronics, solar panels, and jewelry for the most part. This demand wont go away if the silver price rises, so the short sellers will be trying to get their hands on a very small slice of newly minted silver.  The solar market is also growing quickly and political pressure to increase solar and electric vehicles could provide more industrial demand.
+
+The other part of the story is the faster moving piece and that is the inflation and currency debasement fear portion.  The government and the fed are printing money like crazy debasing the value of the dollar, so investors look for real assets like precious metals to hide out in, driving demand for silver.  The $1.9 trillion stimulus passing in a month or two could be a good catalyst.  All this money combined with the reopening of the economy could cause some solid inflation to occur, and once inflation starts it often feeds on itself.
+
+​
+
+**What to buy:**
+
+Edit 2/24: I now advocate buying PSLV for shares, physical metal if the premiums come back down, and if you want options then SLV is still ok for that.
+
+I will be putting **50% directly into SLV shares, and 50% into the $35 strike SLV calls expiring 4/16**.  This way the SLV purchase creates a groundswell into silver immediately that then rockets through a gamma squeeze as SLV approaches $35.  Price target of $75 for SLV by end of April if the short squeeze happens.
+
+Edit: for the part of your purchases going into shares, some people recommend PSLV because they think SLV might start lying about having the silver in their vault. Or that the custodian will be double counting, ie claiming that the same silver belongs to multiple people (banking on the fact that people wont all try to get their silver at once).  So if you buy SLV shares and calls, that's great.  But I think it could be prudent for us to buy options in SLV (no options on PSLV) and shares in PSLV.  It all depends on how paranoid you want to be.  There is a lot of paranoia in the precious metals world.
+
+Alternate options:
+
+\- buying physical silver; this also works but you pay a premium to buy and sell so its less efficient and you take fewer silver ounces off of the market because of the premium you pay
+
+\- going long futures for February or March; if you are a rich bastard and can actually take physical delivery of 1000s of ounces of silver by all means do so.  But if you simply settle for cash you are actually part of the problem.  We need actual physical delivery, which is what SLV demands and is why SLV is the way to go unless you are going to take delivery
+
+\- miners; I don’t recommend buying miners as part of this trade.  Miners will absolutely go up if SLV goes up, but buying them doesn't create the squeeze in the actual silver market.  Furthermore, most silver miners only derive 30-50% of their revenue from silver anyways, so eventually SLV will outperform them as it gets high enough (and each marginal SLV dollar only increases miner profits by a smaller and smaller percentage)
+
+**Details on SLV physical settlement:**
+
+When SLV issues shares, the custodian is forced to true up their vaults with the proportional amount of silver daily.  From the SLV prospectus:
+
+"An investment in Shares is:  Backed by silver held by the Custodian on behalf of the Trust.  The Shares are backed by the assets of the Trust. The Trustee’s arrangements with the Custodian contemplate that at the end of each business day there can be in the Trust account maintained by the Custodian no more than 1,100 ounces of silver in an unallocated form. The bulk of the Trust’s silver holdings is represented by physical silver, identified on the Custodian’s or, if applicable, sub-custodian's, books in allocated and unallocated accounts on behalf of the Trust and is held by the Custodian in London, New York and other locations that may be authorized in the future."
+
+Join me brothers.  Lets take silver to the moon and take on the biggest and baddest manipulators in the world.  Please post rocket emojis in the comments as desired.
+
+Disclaimer: do your own research, make your own decisions, everything here is a guess and hypothetical and nothing is guaranteed, not a financial advisor, I have ADHD and maybe other things too.
+
+Bear case:  silver does tend to sell off if the broader market plunges so it’s not immune to broad market sell off.  It’s also the most manipulated market in the world so we are facing some tough competition on the short side
+So, I've been following news, related to the Cryptocurrency markets for the past few months religiously. At the same time I'm trying to compare the news to the prices of the top 20 marketcap cryptos and for some reason I just can't seem to wrap my head around the fact that the prices are continuing to depreciate.  I have been following TA's and think to myself, "really"?  How can you make such a prediction on a new market that has no data (or not sufficient data to conclude on the next reaction)?  The people who consider themselves to be technical analysts are fueling this fragile, unsure market with fear rather than confidence.  My opinion is stop trying to predict it, which in turn affects it, and in most cases more negatively than positively.  
+It makes me think of Nostradamus.  Apparently he predicted life events that were going to occur in the future.  Once something BIG happens somewhere in the world people try and see if they can relate it to his predictions (or any other popular figure that has made predictions about the future).  Has it ever crossed your mind that people may have read these predictions and in turn try and create them?  It has crossed mine, and to be honest, I'm pretty confident that's the way "predictions" become realities.  So reverting back to the TA's, has it ever crossed your mind that it's working the same way?  
+Unfortunately by nature, we humans have the tendency to favor negative events more than we do positive ones.  A perfect example is the news.  I challenge everyone reading this, to watch the news on TV (if you don't already) for a week straight, and record the amount of negative and positive news mentioned.  I lay you odds the negative outweigh the positive.  
+It seems as if there are a lot of people who believe in the technology and where this is all going (myself included), but for some reason we are having a difficult time getting us all together somewhere, somehow, to unite our powers and become the movers and shakers of this market.  Unless, we aren’t as strong as we think we are and unfortunately will accept defeat by those who have been in power for centuries.  I will go down fighting till the end because I am confident we are fortunate to be a part of history.
+On another note, GOOD, POSITIVE news is all around us.  Over the past month in the crypto space there has been more POSITIVE rather than negative news.  Everyone is talking on how they will adopt and take advantage of blockchain technology.  How they will use it to their benefit.  THAT, is what should drive you to stick to your guns and stand by what you believe.  It may seem as if the opposing side has the guns and ammunition to win this, but in reality we the people have more advanced weapons to wipe them out.  We just have to decide “when is the right time to bring them out”!  Remember the “whales” are a few hundred, we are millions.  Some of those “whales” are even using OUR money to drive this market in their favor.  Simple math tell me that millions outweigh hundreds, but we all have to come together to fight them.  Not just show up but actually stand our ground and fight!
+I hope this has given you reading this, a fresh and positive perspective of what we decided to get ourselves into.  Don’t listen to the “Prophets”!  Follow your instinct!  In the end, if we stick together we will become victorious!
+
+
+I've been in bitcoin since the beginning. I was watching when that dude bought the 10,000 btc pizza. I bought in at 16 cents, I bought in at $6000. I sold at $1300, I sold at $4000. Since then I've been largely inactive on this sub and in crypto in general.
+
+I've made more than I've lost with BTC but the point was never about making money off an investment like a stock, it was about buying bitcoin so I could spend it. This sub used to get excited about more people USING bitcoin, now everyone's only concern is how much money they might lose. I think this sub has lost sight of what Bitcoin really is: a currency. 
+I just found out that my friend killed her self. I’m completely devastated. During the covid crash, I saw countless stories on various platforms of people ending their lives due to the stock market crashing.
+
+I just want to remind everyone that this pain that we’re feeling in the markets right now is just money. This may not be the bottom, but markets will recover eventually. Your life is worth so much more than the negative dollar amount in your portfolio. I’ve also dealt with pain, anxiety, and depression so I know how it feels. Just keep moving forward.
+I know that collectively, we are anti-conspiracy right now, but as a simple ape, I just liked the way it rhymed.
+
+What I'm presenting is 100% based on the publicly available published FINRA OTC data.  The way FINRA presents their data makes it really difficult to spot anomalies and trends, so I decided to compile it into an Excel spreadsheet.  The trends are clear.  The data is revealing.  And the Hedgies have some serious wedgies.
+
+​
+
+The data is pretty dense.  I will try to give an overview of the "what" and the "when" and then cover the "who".  My brain is too smooth to understand the "how" and the "why", so I'm hoping that this DD and the supporting data can help other apes unravel the full story.
+
+​
+
+If you haven't read my previous posts, I'll link them here so you can catch up.
+
+[FINRA ADF is not in operation (4/20)](https://www.reddit.com/r/Superstonk/comments/muzj4o/finra_webmaster_no_brokerdealers_currently_using/)
+
+[Missing GME Bananas (4/21)](https://www.reddit.com/r/Superstonk/comments/mvfs0c/over_30_of_gme_bananas_are_missing_from_bloomberg/)
+
+[An Update on the Missing Bananas (4/23)](https://www.reddit.com/r/Superstonk/comments/mx4j9p/dark_pool_dd_summary_and_a_quick_update_on_all/)
+
+It's pretty easy to track my train of thought.  And the fact that I was able to put this together in less than a week really makes me question what's going on with regulators behind the scenes...
+
+**To summarize** \- like many of my fellow apes, I was trying to understand this **FINRA ADF** nonsense and why a majority of daily volume was being routed there.  All that buying pressure had almost no effect on increasing the price.
+
+Then, I noticed that the calculated volume didn't add up to the daily trading volume on Bloomberg Terminals.  There were missing bananas, and I wanted to find them.
+
+After a few adjustments to the search criteria, I was able to see that the bananas weren't necessarily missing, but were not going through any of the exchanges.  **Over 90%** of trades from 4/13 - 4/20 were being routed through **FINRA ADF** or some unknown dark pools (**OTC**).  That really pissed me off...
+
+So this weekend, I did some digging on the [OTC website](https://otctransparency.finra.org/otctransparency/OtcIssueData).
+
+[u/broccaaa](https://www.reddit.com/u/broccaaa/)'s DD on [FTDs and Dark Pools](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) really helped me to understand that something weird was going on and has been going on for several months.  I still don't understand the majority of what he covers, but the Dark Pool part seemed to click.
+
+u/plants69 also had a DD [The Most Manipulated Stock - GME](https://www.reddit.com/r/Superstonk/comments/mx25li/the_most_manipulated_stock_a_gme_comprehensive_dd/) which I saw just before starting to write this one.  She does a great job digging into the "How" (with married puts and FTDs).  She also does a deep dive into the **ATS data**, which I will only present in passing.  Check out her DD!
+
+​
+
+Here goes nothing...
+
+We'll start really general and then go into more detail.
+
+**Table 1:**  **Monthly GME OTC activity**
+
+[Monthly GME OTC Activity from September 2020 - February 2021](https://preview.redd.it/i0g0lwzqn7v61.png?width=646&format=png&auto=webp&s=082937abecd048f0d5f3fa6f2a74b1e3c8de7d0f)
+
+Not too difficult to spot the trend in this one.  The number of shares that were traded OTC increased **4.75x** from December 2020 to January 2021.
+
+The number of OTC trades increased **13.75x** from December 2020 to January 2021.
+
+The number of OTC trades increased **18.42x** from December 2020 to February 2021.
+
+The average size of the trade also has progressively decreased every month, from **over 400 shares/trade** in September to **39 shares/trade** in February.
+
+And just look at the **number** of shares that were traded OTC.  Over **525 million** shares traded in January, and over **300 million in February**.  To put that in perspective, let's remind ourselves that the GME float is somewhere around **26.7 million** (and quite possibly less).
+
+​
+
+Here's the **Weekly GME OTC data** from September 28, 2020 through March 26, 2021.
+
+**Table 2**:  **Weekly GME OTC activity**
+
+[Sure seems like the GME OTC data has rapidly evolved since January](https://preview.redd.it/wykvn3s3hpv61.png?width=654&format=png&auto=webp&s=575eb274fa0f91e71dedfe68fec5a9e16499994f)
+
+**Figure 1**:  Total Weekly GME Shares Traded OTC
+
+[Things really seemed to change in January](https://preview.redd.it/z5pnxsw62lv61.png?width=699&format=png&auto=webp&s=23269c630501e3d918142e335a734ef5cfd773bf)
+
+**Figure 2**:  Total Weekly Trades Made OTC
+
+[Look how those weekly OTC trades increased](https://preview.redd.it/7hse2v9m2lv61.png?width=901&format=png&auto=webp&s=58774fa1d32d2f17860552cd70896e7e131f005b)
+
+**Figure 3**:  Average Shares/Trade OTC
+
+[The number of shares\/trade markedly decreased during the week of 1\/25 and has remained less than 50 shares\/trade since 2\/22](https://preview.redd.it/3j8upgj03lv61.png?width=824&format=png&auto=webp&s=97ba3ab0cba9e4669aad8dc78ea506a2a4b65c06)
+
+So back in late September, October, November, December, and even mid-January, the average shares/trade in the OTC market was between **218** and **393** shares/trade.
+
+The number of **OTC trades** for the 15 weeks leading up to January 11th was between **31,712** and **132,438**, with one outlier being the week of 10/5/20.  The week of 10/5 had **81.49 million** in OTC volume and **209,031** trades, but still an average of **389.86** shares/trade.
+
+During the week of January 11th, almost **157 million** shares were traded OTC and the number of OTC trades increased almost **3x** that previous outlier, to **588,136** trades.
+
+During the week of January 19th, over **170 million** shares were traded OTC.  A new record **849,733** trades were made OTC (**4x** the 10/5 outlier) and the average number of shares/trade dropped to a new low of **200.1** shares/trade.
+
+During the week of January 25th, over **184 million** shares were traded OTC in **4.276 million** trades (**20.45x** the 10/5 outlier) for an average of **43.11** shares/trade.
+
+So things got weird in January.  Let's take a closer look at that data as a whole.
+
+**Table 3**:  **January GME OTC data by sorted by Trades**
+
+[January 2021 GME OTC data sorted by number of Trades](https://preview.redd.it/tkz5p60sacv61.png?width=704&format=png&auto=webp&s=165783cafa51fc36056b331f8ba747874550e2dd)
+
+So this shows us the major players in January.  Citadel, Virtu, G1 Execution, Jane Street, and Two Sigma traded the most number of **shares** OTC.  You can sort by Shares or Trades, and I'm going to be consistent and sort by trades, because I think it's telling to see who was most active.
+
+**National Financial Services** (Fidelity???) and **Stockpile Investments** were outliers in terms of shares/trade.  Looks like some high frequency trading (HFT) if you ask me.  **NFS** first began trading GME OTC during the week of **1/11**/2021 (never previously active from September - December).  Stockpile first begin trading OTC during the week of 1/25.  I'll leave it there for now.
+
+So **Citadel** traded over **252 million** GME shares in the OTC market in January.  They were busy.  Based off their 13F filing, how many GME shares did they actually own again?  **217,132** shares.  In January, they traded **over 1161** GME shares for every **1** share that they own.
+
+What about **Virtu Americas**?  They were really active on the OTC market in January too, trading over **136 million** GME shares.  As of 12/11/20, they owned exactly 0 GME shares.  Luckily for them, they purchased **36,450** as of the 12/31 13F filing.  In January, they traded **over 3751** GME shares for every **1** share that they own.
+
+From what I understand, **G1 Execution Services** is basically **Susquehanna**.  They decreased their number of GME shares from 4.444 million to **2.487 million** per their 12/31 13F.   In January, they traded **30.7** GME shares for every **1** GME share that they own.  According to the recent GME proxy, they now own **4.409 million** GME shares, but likely acquired these sometime after January.
+
+**Two Sigma** went from **0** GME shares on 11/16/20 to **81,448** GME shares on 12/31.  They've been making smaller and smaller shares/trade for a little while now, with an average of **27.54** shares/trade in January.
+
+Let's zoom out one more time before looking at each of these players individually.
+
+**Table 4**:  GME Weekly Volume and % Weekly Volume traded Off-Exchange
+
+[Take a look at % of GME Float Traded and % of Float Traded Off Exchange](https://preview.redd.it/5zjj5zvnflv61.png?width=1104&format=png&auto=webp&s=8c358403526c85c962d5d26e8b8f8ebad058072a)
+
+**Figure 4**:  Weekly % of Float Traded and % of Float Traded Off Exchange
+
+[These are percentages...](https://preview.redd.it/6xdi8ztiglv61.png?width=1018&format=png&auto=webp&s=aa7d875a2bb5a5bbca6d2bad7fc987655ec5ecd7)
+
+Let me preface this by saying that I was extremely conservative and used the **26.7 million** number as the GME float for all calculations.  If the GME float is less 26.7 million, these percentages will actually increase accordingly.  I took the weekly volume and compared it to the OTC volume and ATS volume.  I added the OTC and ATS to determine how much of the weekly volume was traded off exchange.  These numbers were fairly consistent, with between **39.88 and 58.39%** of weekly volume trading off exchange in the **OTC** or **ATS** pools.  However, the most recent data available shows a huge jump during the week of 3/15, with **68.58%** of volume trading off exchange.  These seem to be in line with my calculations from my previous post ([An Update on the Missing GME Bananas](https://www.reddit.com/r/Superstonk/comments/mx4j9p/dark_pool_dd_summary_and_a_quick_update_on_all/)), which showed **over 70%** of daily GME volume was being traded via **FINRA ADF** (dark pool), or possibly **OTC** from 4/13 - 4/20.  FINRA won't publish that data for another **4 weeks**, but I don't think we even need it anymore.  What's missing from the daily totals is traded OTC or ATS.  And that percentage is only increasing with less and less weekly volume.
+
+For the next column, I took the weekly volume and divided by **26.7 million** to get the percent of GME float that was traded each week.  Over **1000%** of the GME float was traded during the weeks of 1/11, 1/19, 1/25, 2/1, and 2/22.  During the week of 1/25, the percent of GME float traded was over **2000%**!
+
+But how much of the GME float was traded off exchange?  Well, you see some pretty high numbers during October with over 340% of the float traded off exchange during the week of 10/5 and over 200% of the GME float traded off exchange during the week of 10/12.  There are a few weeks when the percentage of float traded off exchange was over 100% (11/30, 12/7, and 12/21).  Then comes January...
+
+During the week of 1/11, over **671%** of the GME float was traded off exchange.
+
+During the week of 1/19, over **746%** of the GME float was traded off exchange.
+
+During the week of 1/25, over **855%** of the GME float was traded off exchange.
+
+During the week of 2/1, over **478%** of the GME float was traded off exchange.
+
+And during the week of 2/22, over **526%** of the GME float was traded off exchange.
+
+That's one way to suppress buying pressure...
+
+​
+
+**Let's move on to February**
+
+**Table 5:  February OTC by Number of Trades**
+
+[Look who decided to join the fray...](https://preview.redd.it/ephwq6norcv61.png?width=698&format=png&auto=webp&s=27f7e48ae45b30d4afd2b228ca98a5ac7948e832)
+
+As we saw in **Table 1**, the average number of shares/trade decreased from 90.1 to 39.0.  And look who decided to join in on the OTC frenzy - Vlad the Impaler and **Robinhood**.
+
+Fortunately for us, this is the first time they took part in the OTC.
+
+They made **772,023 trades** with only **774,632 shares** for an average of **1.00 shares/trade**.  That's some high frequency trading if I've ever seen it.  Was it coordinated in a way to crush the price after the January peak?
+
+I still don't know what to think about National Financial Services (Fidelity?), but the data doesn't lie.
+
+Rather than commenting on each player here, I'm going to group them together to see what really happened on a weekly basis.
+
+​
+
+# The Kingpins - Citadel and Virtu
+
+**Table 6:  Citadel and Virtu Weekly OTC trades**
+
+[Look at the number of OTC trades and the change in shares\/trade since January](https://preview.redd.it/v9w1h5abjlv61.png?width=1108&format=png&auto=webp&s=9b3cc7715bc0b02c76d8bb2d69aa7bbad063108c)
+
+**Figure 5**:  Virtu and Citadel Weekly OTC Trades
+
+[Things really picked up in the OTC in January for these two](https://preview.redd.it/o2p3881ujlv61.png?width=1003&format=png&auto=webp&s=cdb91565a8f25540fcb7c0c3b53d48390bbc6877)
+
+**Figure 6**:  Virtu and Citadel Average GME Shares/Trade OTC
+
+[The number of shares\/trade really dropped off since January 25th...](https://preview.redd.it/vi0hrrj8klv61.png?width=990&format=png&auto=webp&s=c087c72ae357d833e0bf9337b0fd2e0dbef09949)
+
+So these are the two biggest players when it comes to the GME OTC marketplace.  Both have been trading a massive number of GME shares and making a massive number of trades since late September.
+
+However, beginning 1/25, both began making much smaller trades.  The number of shares per trade decreased from around 300-400 shares/trade to less than 90 shares/trade.  The number of trades increased from tens of thousands to hundreds of thousands (and even millions).
+
+For **Shitadel**, 7 out of the previous 9 weeks (77.7%) resulted in shares/trade under 60.
+
+They made over **1.98 million** **OTC trades** during the week of **1/25** and over **1.496 million** **OTC trades** during the week of **2/1**.
+
+Prior to January, their previous high for number of trades was **75,652** (10/5).
+
+And a quick reminder, Shitadel, as of 12/31, owned only **217,132** GME shares.
+
+For **Virtu**, 7 out of the previous 9 weeks (77.7%) resulted in shares/trade under 75.
+
+They made over **1.2 million OTC trades** during the week of **1/25**.
+
+Prior to January, their previous high was **67,595 trades** (10/5) and a majority of the weeks totaled between 10,000 and 40,000 OTC trades.
+
+Again, a quick reminder that Virtu owned **0** GME shares on 12/11/20, and **36,450** as of the 12/31.
+
+There are certainly a lot of similarities between these 2 kingpins and that's why I grouped them together.  As for coordination???
+
+​
+
+# The Middle Men?  - G1 Execution and Two Sigma
+
+**Table 7:  Two Sigma and G1 Execution Weekly OTC trades**
+
+[Again, look at the change in trades and shares\/trade since January](https://preview.redd.it/j0u153wullv61.png?width=1107&format=png&auto=webp&s=b54ba602c3dbd9140f323b9e9cb0c1b54c62121e)
+
+​
+
+**Figure 7**:  G1 Execution and Two Sigma Weekly OTC Trades
+
+[Things really picked up in January for them too...](https://preview.redd.it/l3ehl6tamlv61.png?width=1103&format=png&auto=webp&s=2af8b90147828f7aed345c75a0ebe02801797064)
+
+I won't belabor the point, but look at the change in shares/trade (**Table 7**) beginning **1/25**.  Look at the increase in number of shares and number of trades.
+
+For **Two Sigma**, the number of shares/trade after 1/25 was never higher than 30.
+
+**As a reminder, Two Sigma** went from **0** GME shares on 11/16/20 to **81,448** GME shares on 12/31.
+
+For **G1**, the number of shares/trade after 1/25 was never higher than 60.  If **G1 Execution Services** = **Susquehanna**, then they have over **4.409 million** shares.
+
+​
+
+# High Frequency Parasites?  Robinhood and National Financial Services (NFS)
+
+**Table 8:  Robinhood and NFS Weekly OTC Trading**
+
+[I don't know how else to interpret this other than massive High Frequency Trading by Robinhood](https://preview.redd.it/abbebcv9plv61.png?width=1220&format=png&auto=webp&s=5d73659527eae93ea670716da31994e078a90c0b)
+
+**Robinhood** (unfortunately) entered the fray during the week of **2/8**.  They have progressively increased their trading activity.
+
+During the week of **2/22**, they made **755,424 trades** with **757,954** of our **GME shares**.  They might have been desperately trying to fend off our rapid ascent on **2/24**.  The activity slowed during the week of 3/1, before ramping up during the week of **3/8**.  Is that significant?  Well if we look back to 3/10, we had that massive drop from 348 to 172 in a matter of minutes.  So you tell me...
+
+This one sort of confuses me as a Fidelity customer.  **National Financial Services** first entered the OTC marketplace during the week of 1/11.  There was a jump in the number of trades during the weeks of 1/25 and 2/1, but the average number of shares/trade remained between 1.02 and 1.00.  There was also an increase in OTC trades during the week of 2/22 and 3/8.
+
+**Table 9**:  Week of 3/8/2021 by Number of OTC Trades
+
+[Look at the top trader of the week...](https://preview.redd.it/f40ou0486dv61.png?width=701&format=png&auto=webp&s=3c400821487c5bed79ee91554d3e464077965763)
+
+During the week when the GME price suddenly dropped from 348 to 172 in a matter of minutes, **Robinhood** was the top OTC trader and had exactly **1.00 shares/trade**...
+
+​
+
+**Table 10:**  Week of 3/15/2021 by Number of OTC Trades
+
+[Robinhood was busy again during the week of 3\/15](https://preview.redd.it/27lgobdpbev61.png?width=638&format=png&auto=webp&s=8ad7d3cf8f164bbdf0ecbe24d375e391e528cc49)
+
+**Robinhood** stepped up again with some serious high frequency OTC trading.  Did anything happen that week?  Oh yeah,  the GME price experienced a huge drop from **280 to 210** on **3/15** and then to around **172** on **3/16.**  They didn't switch things up at all from their previous attacks.  **297,276 shares** traded **297,194 times** for an average of **1.00 shares/trade.**
+
+**Table 11**:  Week of 3/22/2021 by Number of OTC Trades
+
+[Back at it like a bad habit...](https://preview.redd.it/p285ecibolv61.png?width=703&format=png&auto=webp&s=0e42e4ccc8c955e2cbbbdcb4f46360bd2efc8b19)
+
+And just in case you had any lingering doubts, the data from 3/22 shows us more of the same high frequency OTC trading from Robinhood.  **267,095** shares traded **266,981 times** for an average of **1.00 shares/trade**.
+
+​
+
+Since **Robinhood** entered the OTC marketplace on the week of 2/8/2021, they have made **2.357 million trades** with **2.362 million shares**, for an average of exactly **1.00 shares/trade**.  Thanks Robinhood!  They are really staying true to their mission of "**democratizing finance for all**".
+
+​
+
+# And just so we don't completely neglect the ATS dark pools
+
+**Table 11:  Weekly ATS Data**
+
+[GME Weekly ATS Data showing decreased shares\/trade since week of January 25th](https://preview.redd.it/wtgo6y5f4lv61.png?width=600&format=png&auto=webp&s=ec6028d96f13be82c6b93c7e48d6d0f38c2aa9ef)
+
+**Figure 9**:  Weekly Number of Trades on ATS
+
+[Similar trends in ATS dark pools, starting in January](https://preview.redd.it/h11m5jk24lv61.png?width=928&format=png&auto=webp&s=75edbcf20d9621e12254fa00ed87530610b7960c)
+
+​
+
+**List of Unanswered Questions:**
+
+Was there any significance to the high level of OTC trading during the week of 10/5?
+
+How do all the pieces fit together?
+
+Why did **National Financial Services** (Fidelity?) join the OTC fray in January?
+
+Was the increase in high frequency OTC trading from **Robinhood** during the week of **3/8** in any way related to the massive drop in GME price on **3/10**?  What about **3/15** and **3/16**?
+
+What in the actual hell is going on behind the scenes to allow this kind of OTC trading to continue, undisturbed, for almost 3 months?
+
+Who might be willing to do something with this data?
+
+I'll continue to update this list.
+
+​
+
+As for me - my shares aren't for sale.  Seeing the desperate behind-the-scenes OTC shenanigans over the last 3 months only raises the floor.  And I really like the stock.
+
+​
+
+**TLDR**:  Here is a different way to look at the OTC GME data.  It should be abundantly clear that what is going on in the OTC dark pools is extremely abnormal.  **Citadel** and **Virtu** market makers seem to be doing a whole lot of OTC trading.  How did they get hundreds of millions of shares?  What about **Two Sigma**?  Why are the same entities trading so much volume so frequently in the OTC marketplace?  Why did the number of shares / trade decrease so drastically beginning 1/25?  Winter is coming.  Are any of them wearing any clothes???
+
+​
+
+**Edit 1**:  removed sentence about 13Fs being due on 5/17
+
+**Edit 2**:  added the Weekly **3/15 Data** to show that **Robinhood** was highly active again at a time when GME experienced a huge price drop (see Table 10).  Thanks  u/RecoveryChadX7R !
+
+**Edit 3**:  Also, take a look at the DD posted by u/Doom_Douche \- [A Deep Dive into Dark Pool Trading](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/) \- which shows the difference between OTC trading for GME vs other stocks.  And just note that his data used a GME float of 54.1 million rather than the 26.7 million (or less) that we can now deduce from the updated GME proxy, so the difference is even more pronounced.
+
+**Edit 4:**  Added some Charts (Figures 1-9) .
+
+**Edit 5**:  Updated Tables and Figures with 3/22 weekly data
+Last time i checked this is called superstonk not supermod or supercult.
+
+Idgaf about mods or their pathetic petty dramas that they  shouldve kept to themselves, its like their celebrities here.
+
+I write this because pretty much every week there is some new bs drama or fud here. 
+
+I dont need to be told to hold anymore. I got months of dd (not jus from DD heros, but from MANY people with VARIOUS perspectives)
+So i dont need to stay in this sub anymore.
+
+I know my apes are gonna hold through the crazy dips during squeeze and i know they'll ignore shills exactly like they did in february. If any bad broker tries to screw apes u better believe im gonna hire the best legal team with kennys money
+
+If ur a new ape all ill say is ignore the shills as they will try everything they can during squeeze to make you sell.
+Is Australia the only country where the auction process is just a formality to create a bidding war? I have gone to multiple auctions now in Melbourne expecting the vendor to meet the market after it passes in but still no hope. Even auctions where no buyers showed up but myself and the vendor still wants ABOVE the range. 
+
+The laws regarding the auction process should be that any bids above the starting price are successful if there are no higher bids. At the moment the auction process is just something being abused by the real estate industry instead of being an honest process to sell things. If vendors don’t want to meet the market then **sell it privately**.
+In 1997 there was a study conducted by Duke University[1], that if you followed the recommendation of the best 10% of all market-timing newsletters, you would have earned a 12.6% annualized return from 1991 through 1995.
+
+But if you ignored them and just held your positions, you would have earned 16.4%.
+
+It's worth adding that the operation costs weren't included in that equation, as well as capital gain taxes.
+
+My biggest problem when it comes to investing is trying to find that one gold advice, that would help me make 500% returns. On Reddit there's plenty of TSLA yay and nay sayers, AMZN fanatics and opponents, AAPL fan boys and haters who will try to convince everyone around why their opinion is the most valid and accurate. 
+
+Fuck 'em. Do your own research. Look at the company earning reports. Look at the political climate and try to deduce how the company may react to it. Commit and don't look back. 
+
+Sure, it's good to see what's new once in a while, learn what other people think. But basing your financial moves on other people, even if it's Warren Buffet will make you lose money in the long term.
+
+
+
+[1] "Grading the performance of market-timing newsletters" by John R. Graham and Campbell R. Harvey
+Does anyone here actually go to the AGMs, do the big companies put on a spread? I'd be interested in going if snacks were provided. The only gains I'll get this year!
+https://www.cnbc.com/2021/02/09/spacexs-starlink-accepting-99-preorders-as-musk-considers-ipo.html
+
+Prospective users of SpaceX's Starlink can now preorder the service for $99.
+
+The company's website emphasizes that the preorders are "fully refundable," noting in fine print that "placing a deposit does not guarantee service."
+
+Elon Musk's company so far is offering Starlink to customers in the U.S., Canada, and the U.K.
+
+The SpaceX CEO also said that "once we can predict cash flow reasonably well, Starlink will IPO."
+
+Thanks for the awards.
+ I want to invest some time into learning about investing/trading. I’ve heard about a bunch of apps that simulate stock trading.
+
+(But you don’t have to use real money.) Is there a particular one that Reddit recommends? 
+If GME reaches xx million, this could be the largest display of strength in numbers ever seen. Every single person buying and holding is doing so of their own free will, with zero influence, coercion or advice from anyone else. If our conviction on the fair price for a stock during MOASS is high enough, it will be a defining moment in history.
+
+There are zero boundaries for GME holders. Religion, race, age, politics, country - none of these matters when it comes to our beloved company's stock. After ~11 months following the various subreddits I've NEVER seen a group so peaceful, accepting and respectful to each other. I think this is because we all recognise that EVERYONE except the 0.01% is a victim of wall street's corruption.
+
+Putting myself in the shoes of an xxxx holder, I could hypothetically pull out at a few thousand and retire easily. Why would I do this though, when I literally have a chance to change the financial markets, end wall street's corruption and possibly offer the opportunity for the hundreds of thousands of other holders who can't afford as much as me to make life changing money simply by holding. I would see it as my duty to my friends who I hold alongside with and to society as a whole to not allow this corruption to continue by holding these criminals accountable.
+
+As an x holder, I literally rely on hitting past a floor of $60,000,000 to ensure generational wealth. I have NO CHOICE but to hold if I want to never worry about money again. I need to pray that all the other individuals holding will have similar high hopes for the stock and don't dump the rocket fuel too early. Along with this comes the acknowledgement of mass fraud in the financial industry.
+
+Whether it is the elite, rich and powerful lobbying governments in mining, medical, financial or any industry to fuck over the poors and the planet, or simply sending a message to wall Street that their crimes will come back to bite them, this matters. I see this being about MUCH more than just money. 
+
+This is my chance to send a message that everyday people aren't to be messed with and aren't to be taken advantage of any more. People are waking up to the corruption and exploitation that occurs, and it will not continue.
+
+That is why I am holding until life changing money will be seen for even the 1 share holders and I will NEVER sell all my shares. I will not succumb to the greed that caused this mess in the first place. One share should be plenty at my personal price target. 
+
+Also, if the stock hits even 5k, there is literally nothing stopping it from hitting $69,420,000. It proves the DD is correct, and I know for certain it is possible to give everyone life changing money if I hold.
+
+I have been very careful in my language here to not offer any financial advice. 
+
+*This is not financial advice and I am not a financial advisor.*
+
+
+TL:DR 
+
+I'm not selling until a single share is generational wealth. This is my chance to prove that the 99.99% are powerful and will not be screwed over any more. GME could be the biggest display of the 'poors' power over the 0.01% ever, and I'm NOT wasting that opportunity.
+
+"it’s in everyone’s individual best interest to hold as long as possible and see where this goes because individually everyone then stands to gain the most for themselves.”
+
+
+Edit: I just woke up. What I mean by 'it's not about the money' is that I'm not in it just to make a quick buck anymore. I want financial freedom for myself, my friends and my family. I want them and myself to never worry about losing their jobs, or having to break their backs working again. Freedom from the 9-5 is what I mean, not just the money. I don't want to have a bunch of extravagant clothes or luxury cars, I just want the freedom to enjoy life and not stress as much over avoidable things is my point. I don't want to lose time with my kids because I'm working or miss out on holidays or birthdays because I have bills to pay. I'm still young, but these are things I'm sure all of you can relate to.
+
+Exposing corruption and (hopefully) restoring a broken financial system too of course.
+I'm new to trading, and I've been using Questrade for about 2 weeks now, but thought their fees were expensive.
+
+So I looked did some research, and it seemed like everyone was saying Interactive Brokers is better with much better commission rates. So I made an account with IB.
+
+Now that I'm looking more closely at their fee structures, it seems like Questrade is much cheaper for some trades.
+
+Questrade:
+$0.01 CAD per share with a minimum of $4.95 and *maximum of $9.95*.
+
+Interactive Brokers:
+(Tiered pricing assuming I'm trading less than 300,000 per month)
+US Stocks: $0.0035 USD per share with a minimum of $0.35 and *maximum of 1% of trade value*
+Canadian stocks: $0.008 per share with a minimum of $1 and *maximum of 0.5% of trade value*
+
+Examples:
+
+1) Canadian stock: 2500 shares, $1.06/share
+
+Questrade commission: $9.95 
+
+IB comission: $13.25
+
+2) Canadian stock: 10,000 shares, $0.50/share
+
+Questrade commission: $9.95 
+
+IB comission: $25
+
+3) US Stock: 330 shares, $17/share
+
+Questrade comissions: $4.95
+
+IB comission: $1.16 USD
+
+4) US Stock: 10,000 shares, $ 8/share
+
+Questrade comissions: $9.95
+
+IB Comissions: $35 USD
+
+5) US Stock: 800 shares, $30 /share
+
+Questrade comissions: $8
+
+IB comission: $2.28 USD
+
+6) ETFs
+
+Questrade comissions: Free to buy
+
+IB comission: Not free
+
+So it seems if you want to buy more than 2900 of US stocks or more than 1250 of Canadian stocks for a trade or any ETFs, Questrade is a lot cheaper.
+
+ALSO, Questrade's advanced market data packages are rebatable, and you get better prices if you get them. Not sure about Interactive Broker's data packages.
+
+I may not be interpreting their fee structures clearly.
+
+Can anyone explain why IB is considered a lot cheaper?
+So I saved up 6 months of expenses in cash and funded my 401k. So I decided to open my first brokerage account and my understanding is Fidelity allows day trading on cash accounts. I notice it's pretty easy to profit $100 here and $50 there, and as long as I make sure to save 28% for Uncle Sam...can I just keep doing this over and over again? Is there any tax downside to making a bunch of micro-trades that net me $40, $50 etc? I feel this is so straightforward and easy that I MUST be missing something. Will Fidelity stop me from trading?
+This article says they're basically losing money to acquire as many properties as possible; they're not even interested in flipping them for a profit any more.  But what good does having the larger inventory do for them in 5-10 years or whatever their timeline is?  Is it simply to be the major location buyers look because all of the other sites have too few properties?  That seems unrealistic given how many houses would still be available via other sellers, including independent realtors.
+
+https://www.vice.com/en/article/93ymxz/zillow-other-tech-firms-are-in-an-arms-race-to-buy-up-american-homes
+I've been doing this strategy for a few months now and so far and man...it's working like a swiss watch.
+
+Remember the hard ADA shill when it was closing on $3? Mega shills all around, ADA is best, ADA is life, buy before it goes to $5. Then it was LINK mega shill when it reached 30$. Link linking everything together and stuff like that. I still believe in LINK but with way less bullishness.Then VET, the beloved unofficial coin of this sub. It moved but mostly to the right. Or LTO which has been nose diving for a while. ERGO too. All these are super popular here and one mention against them can send you to downvote hell in a few moments.
+
+If you think fanboyism is real in gaming subs, prepare to witness the knowledge of r/cc
+
+Seriously, I started working exactly the opposite as the sub is saying. Shilling LTO, SELL. Shilling ADA, SELL. FUD on Solana? Buy as much as possible at $60. FUD on LRC at 1$?
+
+Take this sub with a big pinch of salt when you come looking for advice. It's a big circlejerk and an echochamber where you really need to filter the comments out a lot in order to find good advice.
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+Hi all,
+
+Has anyone been to the Berkshire Hathaway annual shareholder meeting? If so, how does it work? Please let me know.
+
+I would like to attend but most of my friends have never heard of Berkshire Hathaway. Don't want to go on my own. I don't really have any investmenty-type friends. Most are into crpyto and love Elon Musk and all the nonsense. 
+
+Do you think the shareholder meeting will be back to normal next year? If so, did you buy tickets to attend? Was it from the Berkshire website? Plus, it will be a bit expensive for me to travel from England - but it would be amazing.
+
+Thank you all.
+I know that ETH has the great potential and have many good events coming in May to July (such as RAIDEN, EAA Announcement, and Metropolis). 
+
+However, as long as I know, there is nothing happening today. Anyone know why ETH is flying abruptly? 
+I’ve been involved in crypto for a long time. Whenever it comes to a point where people are buying and selling based on tweets, the market corrects. A year or two later, those corrections never mattered. Bitcoin is bigger than any one person or company. How many posts have we made here where we “should have bought” at $200? $1000? $3000? $10000?? These dips don’t matter, either you believe in bitcoin long term or you don’t. And if you’re going to sell based on one man’s tweets, maybe you should buy something else instead. 
+
+HODL
+Wife and I ages 70s moved to Florida and would like to buy a boat. We have 3 million in stocks and bonds (about 50/50) and own our condo outright. Cash is about 300k. Delimema is whether we sell some investments and buy a 400K boat or just buy something in the 200-250k range. We kinda feel "go big or go home" in our situation as our kids are set and we really would like the larger boat. We could sell some equities and not hurt our income as our Amazon, Apple and a few others don't pay dividends. We hope to enjoy our senior years but not risk putting ourselves in jeopardy. My feeling is, it is an investment, maybe not the best but we can always sell it and recoup some of money. We are recently retired and looking for some adventure in our remainder of this time on earth :), just trying to convince the other half.
+
+Comments well appreciated..
+Imagine a token with the appeal of SafeMoon, Axie, and PancakeSwap--all rolled into one. Look no further than $StarShip. Replicating the tokenomics of SafeMoon, while adding the use case of a decentralized exchange, wallet and NFT game, StarShip is about to blow the minds of all early investors. At just $2.4M market cap, StarShip is CRIMINALLY undervalued and at an exceptional entry price. Celebrities and large investors alike are taking note, with influencers such as [Hard Factor](https://twitter.com/HardFactorNews/status/1390353818634833920) [Sam Pepper](https://twitter.com/sampepper/status/1390076976434610176), [Trinidad James](https://twitter.com/Trinidadjamesgg/status/1390397432735965191), and [Uno the Activist](https://www.instagram.com/unotheactivist/?hl=en) hopping on board the StarShip launch.
+
+**Groundbreaking Features**
+
+🎮StarShip NFT Game -- Beta anticipated in Q3/early Q4 with NFT creation and graphic design courtesy of former Blizzard and World of Warcraft artist Carlos Chinesta. You can preview artwork for the game and NFTs on [Twitter](https://twitter.com/StarShipBSC/status/1393617858219978753) and [Twitch](https://www.twitch.tv/eliteportraits)
+
+💵StarShip Wallet -- Expected in Q3. The standard 0.2% cryptocurrency transaction fee will go towards the StarShip liquidity pool
+
+📈LaunchPad DEX -- Expected THIS quarter. Trading fees to go to liquidity! Newly launched coins will be backed by Starship, further increasing its value.
+
+🛍StarShop -- Load up on your favorite StarShip gear including hoodies, t-shirts, beanies, and mugs! Coming soon!
+
+**StarShip Vital Statistics**
+
+✅ Total supply: 20,000,000
+
+✅ Burned token: 600,000+
+
+✅ Transaction Fee: 10%
+
+✅ 5% Redistribution 
+
+✅ 5% Auto Liquidity
+
+✅ 3,300+ holders
+
+✅ Liquidity Locked
+
+✅ Solidity Audit Passed
+
+✅ Listed on CoinMarketCap THIS MORNING
+
+🌕  Contract: 0x52419258E3fa44DEAc7E670eaDD4c892B480A805
+
+💥 Join our Telegram, ask away, DYOR and enjoy!💥
+
+\_\_\_\_
+
+**StarShip Approved Socials**
+
+🧭 Website: 
+
+[https://starshipbsc.finance](https://starshipbsc.finance/) 
+
+📧 Telegram: 
+
+[https://t.me/StarShip100](https://t.me/StarShip100) 
+
+🐦 Twitter: 
+
+[https://twitter.com/StarShipBSC](https://twitter.com/StarShipBSC) 
+
+📷 Instagram:
+
+[https://www.instagram.com/starshipbsc](https://www.instagram.com/starshipbsc) 
+
+\_\_\_\_
+
+💢 STARSHIP Contract: [https://bscscan.com/token/0x52419258E3fa44DEAc7E670eaDD4c892B480A805](https://bscscan.com/token/0x52419258E3fa44DEAc7E670eaDD4c892B480A805) 
+
+📈 Chart: poocoin.app/tokens/0x52419258E3fa44DEAc7E670eaDD4c892B480A805 
+
+🎩CoinMarketCap: [https://coinmarketcap.com/currencies/starship/](https://coinmarketcap.com/currencies/starship/) 
+
+🦎CoinGecko: [https://www.coingecko.com/en/coins/starship](https://www.coingecko.com/en/coins/starship) 
+
+🥞 Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x52419258E3fa44DEAc7E670eaDD4c892B480A805](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x52419258E3fa44DEAc7E670eaDD4c892B480A805)
+(originally shared within the jungle... realized I should probably share here too, but there is no cross-posting with this sub)
+
+I reached out to the WA state finance regulator after getting jerked around by Ally and Apex (re: DRS my GME shares stuck in my IRAS). I didn't expect anything to come of it, but I was pleasantly surprised to get a call last week from the investigator assigned to my case.
+
+I had an awesome conversation with her and helped her understand some of the broader concerns I have about the market behavior/manipulation around GME. She seemed genuinely interested and asked some very thoughtful questions.
+
+She reiterated that her office is "like Switzerland", but shared that she's seen so much financial fraud recently that she has taken her personal retirement money OUT of the stock market. I can only imagine what she's seen - we're only seeing the angle that GME has given us...this is her JOB.
+
+I think we're on the right track!
+
+Please contact your State Finance Regulator and share your concerns about GME! They really will look into it! This is how Purdue Pharma was taken down - not by the federal government, but by scrappy state AGs working together. The more eyes we can get on GME the better!
+
+[https://www.consumerfinance.gov/ask-cfpb/how-do-i-find-my-states-bank-regulator-en-1637/](https://www.consumerfinance.gov/ask-cfpb/how-do-i-find-my-states-bank-regulator-en-1637/)
+I’ve been very good over the years losing money, but I’ve only started to professionally lose money for about a year now since I’ve joined wsb. I buy calls, I buy puts, sometimes it works out but usually I hold for too long and end up giving all my money to you guys. GameStop definitely wasn’t a great introduction to stock analysis and options. 
+
+Can I join your club of wolfs in sheeps clothing? I want to be on the right side of these trades for once. Calls and puts just require too much discipline, and for me who has never really had an exit plan (and lost a couple K holding $RSX puts) and I feel like selling shit to degenerates like me is just more profitable.
+listen i know we’re crayon eating smooth brains but how obvious can they be with all this market and media manipulation? AMC short squeeze with GME following? a 10% fucking short squeeze? You’re missing about 300 zeros there you old crusty fucks. Im not selling my fkn GME or AMC till cramer calls me on live tv, eats a blue crayon and pays me 10 mil in cash for every share i own. Then ill blow it all on strippers and cocaine and move to Tanzania to build tree houses in the jungle for actual apes. My girlfriends husband invests in index funds and thinks hes hot shit. well i just bought a 64 pack with the built in sharpener bitch and im ready to fkn SQUEEZE.
+Full disclaimer: I own some ETH. I've seen a lot of posts here and in /r/ethereum talking about high fees. I've also seen a lot of extremely misleading statements here and there about how high fees are right now and will try and simplify things a bit. I'll do my best to remain impartial, and feel free to correct me and I'll edit my post. All plans are subject to change, the following is based on my current understanding and recollection of developer statements.
+
+>What is happening?
+
+* ETH fees are high right now. The best place to see gas costs (how much you'll need to pay for a transaction vs how quickly you want it) is here: https://ethgasstation.info/
+
+* Smart contracts and ERC-20 tokens consume much more gas than a basic transfer. While a typical transfer might be $3 a poorly written smart contract could consume $100 in gas. This variation leads to lots of confusion on various forums. An absolute metric crap ton of tokens run on ETH, so ETH being congested causes lots of downstream effects, tokens that consume lots of gas are disproportionately effected.
+
+>Why is this happening?
+
+ * [Utilization is through the roof right now](https://txstreet.com/v/eth-btc). At post time ETH is achieving 16.14 TPS vs BTC's 4.00. Despite being 4 times faster the demand for on-chain (L1) transactions is overwhelming. At the bottom of [this page, make sure to scroll down](https://ethgasstation.info/index.php) you can see that blocks are at 100% right now. That means people are constantly outbidding each other to make it in.
+
+ * At post time [Uniswap](https://ethgasstation.info/gasguzzlers.php) is the biggest gas guzzler. People are using Decentralized Exchanges (dex'es) a ton and its consuming a huge chunk of block space and people are paying a premium for it.
+
+>How can I save money?
+
+ * ETH demand fluctuates heavily throughout the day, it's not uncommon for fees to drop 10x in an hour. If you are not in a hurry waiting a bit for a slow period and broadcasting a median gas transaction can save you a TON of money
+
+ * Some wallets/apps are designed to be super user friendly, and unfortunately they hardcode the fastest possible gas costs for a good user experience (UX). Unfortunately that's a very bad idea when gas is high and only causes rates to climb even more. EIP-1559 will fix this, more on that later
+
+ * Don't interact with smart contracts if you don't have to. It sucks, I know. But the fact is that using a smart contract is way more expensive than normal transactions. When gas is a fraction of a penny nobody cares, but its not right now and this is where we are. Last I checked, L1 [ETH](https://ycharts.com/indicators/ethereum_average_transaction_fee) transfers are still cheaper than [BTC](https://ycharts.com/indicators/bitcoin_average_transaction_fee). Not much of a consolation, but it's not a *total* disaster yet. EDIT: It appears the last 2 days ETH has flipped BTC on transaction costs. $17 USD still seems really really high, as of post-time a $5 transaction would go through within a few minutes)
+
+>What is being done about this? (sorted by est delivery date)
+
+ * Berlin upgrade: Est 1-2 months, will adjust gas costs of various transactions for certain core operations. Should help fees overall on many contracts.
+
+ * EIP-1559: Est "this summer, but maybe Q3": A huge overhaul to the fee system. Block sizes are FLEXIBLE, targeting 50% full. When a block exceeds 50% full the base fee increases. When it drops below 50% the base fee decreases. Fees are burned (nice deflationary side effect). This means a few things: A) Spikes in transactions can make the next block instead of clogging the mem pool B) costs are MUCH more easy to calculate, and block include time estimation is much easier. C) The improved predictability/include time means shitty apps won't have a reason to set absurd fees for a good UX, driving "gas inflation" like we see now. There's a lot more to EIP-1559, but that's the gist of how it should impact transactions
+
+ * 2.0 Phase 0: Already live, but the beacon chain won't impact 1.0 until "the merge". Baseline TPS should be higher than 1.0, and its also environmentally friendly :)
+
+ * 2.0 Phase 1: Est end of 2021, Sharding will first scale to 64 shards (eventually 1024) for a 64x scaling effect on the beacon chain. 
+
+ * The Merge: Some call this Phase 1.5, but it is planned for 2022. This will move ETH 1.0 as a shard on to 2.0, and all finality will occur on the beacon chain. At this point ETH's core TPS should be 64-100x faster than what we have today
+
+ * 2.0 Phase 2: Est end of 2022/2023, Execution Environments aka sharded smart contracts allow for smart contracts to share data across shards so that DeFi/Dex'es etc benefit from 2.0's massive scalability
+
+>What other out-of-order improvements are coming?
+
+ * Various L2 technologies are already live, and several smart contracts are upgrading to them now. This will let you pay on L1 to "get in", then perform a lot of cheap transactions on L2. Right now every trade on uniswap clogs L1. When it runs on L2 all those trades are off-chain and gas fees are only driven up by deposits/withdrawals. This should have a massive impact on overall gas costs. The good news is the insane fees on some contracts act as an INCENTIVE to get L2 up and running faster.
+
+I know a lot of people are unhappy with the current situation, but a lot of progress has been made and a lot of exciting progress is on the horizon! I hope this post helps :)
+At my workplace (Iraq) we are all ex British military and would never have a clue about the US stock market. Or any stock markets actually. Slowly but surely more and more are now invested in game stop off their own backs (ive been in for a long time now) none of them are on Reddit. None of them are selling. All are xxx holders. There’s about 10 of us out of 80 at the moment. 
+
+Thought I’d share this information as a bit of weekend confirmation bias
+Seriously.
+
+This issue can easily be solved with a 
+
+#"**BEFORE YOU POST"**
+
+ sticky and maybe updating the rules.
+
+It's very clear that first time users of this sub don't realize that it is fundamentally different than /r/personalfinance.
+
+Can the mods create a visible sticky so that we can lessen the amount of unrelated posts in this subreddit.
+
+PLEASE?!
+
+Edit: spelling
+Made a <5k donation to my kid's school and received an appreciation dinner invite. Before I talk myself out of this, what are some of the benefits of attending? 
+
+I can understand that for social cause/political events, you can meet like-minded people, which enables you to build more connections to further a cause. For a school, you know who the parents are.  Showing up lets you know who donated and who didn't, which seems a bit awkward. Are people there solely to network with each other? Am I overthinking this?
+
+Thanks!
+I’m genuinely curious who has made it as a full time day trader AND has been doing this for more than 5 years AND is profitable. 
+
+I’m convinced there are are a tiny percentage of people and that this sub is mostly people with hopes and dreams like I had. 
+
+After 2 years of doing this full time, I’m done. I’ve lost so much money and equally this lifestyle is complete shit. 
+
+This “be your own boss” thing is a pipe dream when you’re going to be thinking about the markets 24/7 whether you want to or not. 
+
+Randomly waking up in the middle of the night checking futures. 
+
+Gaining weight because you’ve lost interest in your other active hobbies. 
+
+Sorry to shit on full time day traders… maybe your experience has been better than mine. Please let me know. But I am looking for +5 years and profitable. 
+
+Because if you’ve done well the in like the past year or two , you could just be a statistically anomaly. I’m convinced most people can’t make this a full time thing for like decade and be consistently profitable.
+Hello! I have recently quit my job and am planning on working on an algorithmic bot full-time. I have some programming experience (c#) and have been trading memecoins heavily since March. I have the time and knowledge as well as the starting capital to make this pursuit possible.
+
+My first plan is to try and get a simple setup working. I am going to trade on Binance. I will use the python binance wrapper. I have tested some buys already with this and downloaded market data but this is as far as I have gone so far. I'm waiting until next week to start properly as that is when I am finished my day job.
+
+What I plan on doing first is writing an algorithm that uses both EMA crossovers and RSI to buy and sell. Presumably buying on low RSI and when short term EMA crosses over the long term EMA. Sounds simple right? We will see what the backtests say. I will backtest a range of EMA and RSI numbers. I will try hourly candles first but will probably test them all. I will try it on BTCUP and BTCDOWN first and then move into leverage later once I gain more confidence. I will also try different TA later, maybe MACD and more but just sticking with these two for now as they seem to work very well.
+
+I will backtest over the 2018 period when there was the bear market as that is what I believe we are entering now. I will probably test over the past 2 or 3 years and maybe mix it up.
+
+So, what do you guys think of my plan? Is there anything I could do better? I do plan on buying a high-end PC but not sure if that is even necessary. 
+
+I am very excited to work on this project. I will put a lot of effort into it as I am trying to make this my main source of income. I will be frequenting here more often with more in depth questions as time goes on. I have been reading here quite a lot recently and am glad that this community exists. Thanks for reading!
+The irrelevance of dividends arguments tend to devolve into both sides talking past each other. My point here is NOT to argue in favour of them necessarily (I’ll give links to better explainers than I), but IS to try to define some key points:
+
+The irrelevance of dividends idea says:
+
+- it argues yield doesn’t correlate with total return 
+
+- dividends ARE important to returns, they should NOT be excluded from a portfolio
+
+- friction (trading costs, taxes, etc) is the only difference between a dividend and selling the same % of a holding
+
+- dividends do NOT cause positive returns (any positive correlation is explained by other causes, sometimes common causes, sometimes not common causes)
+
+- stock picking due to dividends alone has historically not resulted in excess returns (positive yes, above the index no)
+
+- stock picking due to dividends and other factors (size, value, profitability, investment) can be matched by similar portfolios with the same factors but without the dividend screen (ignoring dividends NOT excluding dividends)
+
+- short-term, in Canada, selling to self-create a “distribution” has better tax implications than dividends, long term it does not have a better tax implication
+
+- “dividend” investors make just as many, but sometimes different, behaviour mistakes than other investors because “intuition” is a poor guide when investing (see last link fir more on this)
+
+- this is important because 80% of US stocks don’t pay dividends 
+
+This [blog post](https://www.google.ca/amp/s/rationalreminder.ca/blog/2019/9/17/the-irrelevance-of-dividends-still-a-non-starter%3fformat=amp)
+
+
+
+[This analysis](https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/analysis-dividends-share-repurchases) 
+
+[This paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2876373)
+
+And [one more](https://www.advisorperspectives.com/articles/2015/12/15/why-dividend-paying-stocks-are-riskier-than-you-think#page-4) that links to Buffett’s explanation on why BRK does not pay a dividend
+
+Edit - summary: if you don’t screen for dividend yield and don’t make yield your starting place for choosing an investment, but do consider dividends when researching stocks/ETFs, you AGREE with the irrelevance of dividends
+Currently hold 4500 shares of RKT and im buying more whenever i can 
+
+it seems like this ticker rarely moves up or down is huge volatility
+
+so if i sell calls wayyy above my avg buy it seems like literally free money right?
+
+currently have a avg buy in of $26 and selling weekly $34 calls will net me around $1000 as long as RKT sustains its currently price action (which is likely)
+
+so the way i see it, sell weekly calls for $1000 premium
+
+if they hit then minimum id profit something like $30,000 because im STILL selling these calls way above my avg buy in
+
+what are the downfalls apart from RKT mooning to $100 and me missing out on that (very unlikely to happen i think)
+Been saving up for a while and have 30k in cash and not sure to do with it. Markets bad, Crypto too risky and real estate is too expensive. Currently own a home in Charlotte that I’m renting out bought for 260k in 2015 and now Zillow is “saying” I can sell for 510k, there is currently 190k on the mortgage. I live and work inNYC area and live in a rent stabilized apartment with my husband and 3 kids. What’s a smart investment I can make wi the my cash, and when’s the right time to sell the home
+Noob question - We all know DHFL is officially off the trading list since July. 
+I am one of the unfortunate folks who had some money invested in it. 
+I don’t see any updates/info in zerodha app about it being dropped from my portfolio.
+
+So is the money as good as gone??
+Also is there chance of getting any portion of the money back?
+If not can it atleast be shown as a incurred loss in TDS/tax computation??
+
+Thanks in advance.
+Just a little curious about some of the ways HELOCS have been used to aid in your investing.  I've been able to save a good chunk of cash and have $150k HELOC I just got, but this market has been near impossible to find my next deal. 
+
+Has anyone used HELOCs creatively in their investments?  What has worked?
+I went to an auction to look at a cheaper  property and ended up buying a :
+4br 2ba  brick (1377 sq ft living space upsatairs) and full unfinished basement.   
+Has inground pool  = 4k estimate to usable condition
+Paid 71.5k  plus 7150 seller premium = $78,650
+Tax appraisal = $119,000
+
+1st mistake:  Not realizing there was a added 10% seller premium for the auctioned property.  Winning bid was 71,500 so added 7150 to the cost.  78650 out the door.
+
+2nd mistake:  Not lining up financing.  I am going to end up using equity on my house to finance 60k of it and then dip out of savings for the rest.   Any ideas on better alternatives to this?
+
+3rd mistake:   Didnt do my homework to properly check out house.  I am worried about several things going wrong  (heat pump, basement issues, pool, roof) and costing me too much for me to make money.  
+
+4th mistake:  Not knowing the tax implications of flipping a house.  
+
+I will learn some things through this no doubt about that.  But,  I have realized now that my "ready, fire, aim" approach is causing me stress.  
+
+I had a couple of very good deals in real estate and wanted to take another step but I am not sleeping well on this one so far.  
+
+This house built in 60's and has hardwood all rooms upstairs except kitchen and 2 baths.   Heat pump 13 yo and roof is not too far from needing replaced but hoping it wont be me doing it.
+
+Hoping to put 15k in it and sell for tax appraisal..if that works I would have $93, 650 invested and get $119,000 out of it.
+
+My worries are extra money for heat pump, roof, and/or repair for basement water issues.  Dont know yet about these last things...these are the things keeping me up at night.
+This topic has been covered previously but I thought it might be useful to post again with instructions, given a lot of people now seem to be getting their Ledger Nano S after something of a backlog.
+
+Using the standard setup for your Ledger, a list of 24 words is generated which you are instructed to write down in the spaces provided on a card. This is in case you need to restore the data contained on this device onto another such device (ie, in the advent that your original Ledger is damaged or lost). 
+
+Once these 24 words have been generated you are only required to test three are correct - which strikes me as somewhat less thorough than required. Say, for example, you had the kind of hand writing that made "clear" look like "clean" or "dean"? Or perhaps you had entered a completely different word (a synonym) somewhere or written several words in the wrong spaces? Now I can't imagine most people would be careless enough to make one or two errors that couldn't be figured out in retrospect, or that such errors would be sufficient enough to prevent a full restoration, but I wouldn't be willing to take the chance.
+
+To that end, after completing the initial setup I suggest sending a small amount to your Ledger's ETH (or BTC, LTC) wallet and then proceeding to restore the device. To do this:
+
+- Enter the wrong pin three times and you will be prompted to set-up your Ledger as a new or existing device. Choose "existing device".
+
+- You will then need to enter each of the 24 words. This is somewhat time consuming  - though less so than it may sound - requiring you to scroll through letters on the screen until you have the first three characters of each entered correctly. 
+
+- After correctly entering these characters you will be presented with a selection of words, one of which will be the correct one.
+
+- After repeating this procedure and confirming you have all 24 words entered correctly you will receive a message informing you that the device has successfully restored.
+
+- The small amount of ETH should also appear in your wallet.
+
+This may seem hyper-vigilant but when it comes to holding large amounts where the onus on security and accessibility rest entirely on your shoulders I'd say the benefits outweigh the costs.
+ 
+Edit/Addendum: if you upgrade your Ledger Nano S firmware from the first iteration (1.0) to the current version (1.3) you will be required to restore the device following the aforementioned procedure. For this reason, and because I hadn't double checked my seed the first time, I bought a second Ledger Nano S and performed a restore on this instead. For those who may freak at the prospect of upgrading their Ledger firmware might I suggest also going this route.
+You can't make this up.. 741 is the exact bankruptcy code for Stock Broker Liquidation.
+
+Dr Trimbath recently tweeted about CMKM Diamonds and brokers like Charles Schwab deleting customer's shares.
+
+I'm hoping someone familiar with this can digest the information in this link and explain what it means for customers in broker accounts. Not for me because I'm 100% DRSd including my IRA shares, but for anyone else. It seems to explain what you as a customer would be liable or entitled to in the event of a stockbroker, securities clearing agency, financial institution, or financial participant liquidation. Maybe similar to how coinbase added a clause saying they could liquidate customers funds in the event of bankruptcy to pay their debt. 
+
+Here's the juicy sauce:
+
+https://usbankruptcycode.org/chapter-7-liquidation/subchapter-iii-stockbroker-liquidation/section-741-definitions-for-this-subchapter/
+Guess the time of Dinosaur conmen is over. Fancy suit, bordeux glass fart sniffing financiers have defrauded the world... just google the GDP of the earth and then look up the size of the derivates market. I wanna vomit. Fuck the CFTC.  
+
+
+Firstly, I'll lay down the pipe with a tinfoil understanding of exactly what is unfolding either by design or by nature.
+
+1. I don't know where it all really began, so let's start at 2008.
+2. The original blockchain coin was created following the 2008 collapse of the financial markets.
+3. Stuff Happened
+4. Sneeze of January 2021
+5. Got enough actual sentiment behind uncovering the fuckery behind capital markets that millions of individuals grew a certain disdain for our current banking system and market structure.
+6. Insider Trading Scandal in regards to Congress frontrunning COVID and special interests deals.
+7. October 2021, DOJ DAG Lisa Monaco makes an address on Corporate Malfeasance and White Collar Crime ([https://www.youtube.com/watch?v=Cbji7-w44l4&t=230s](https://www.youtube.com/watch?v=Cbji7-w44l4&t=230s))
+8. Corporate Media Buyouts for over 19 Months fucking shitting on stocks with severe veracity.
+9. Follow up to DOJ DAG Lisa Monaco on addressing white collar crimes NO MORE FINES, TIME TO DO TIME. Things have changed and I know a lot of people are hesistant to cheer until they see action, but oof. I feels it in my nads. ([https://www.youtube.com/watch?v=LLtCTEjjSxU](https://www.youtube.com/watch?v=LLtCTEjjSxU)) LOL at Dennis Kelleher from Better Markets in the first few seconds ;)
+10. The following day the WHITE HOUSE addresses the possibility of a CBDC - Central Bank Digital Currency :O ([https://www.whitehouse.gov/ostp/news-updates/2022/09/16/technical-possibilities-for-a-u-s-central-bank-digital-currency/](https://www.whitehouse.gov/ostp/news-updates/2022/09/16/technical-possibilities-for-a-u-s-central-bank-digital-currency/))  
+
+
+[WUTTT](https://preview.redd.it/ebfrovubsro91.png?width=1370&format=png&auto=webp&s=388dc1bcc42d50e3e5b1fb4be92fda58c68f950d)
+
+I think it's setting up the precedent for what's to come. What do I believe that is?  
+
+
+1. Uprooting white collar and corporate criminals and trying them for their crimes
+2. End of traditional banking and brokerage houses
+3. Monetary policy reform
+4. Be your own bank talking points DURING primaries
+5. ROLL IT OUT  
+
+
+And who would advocate and push for such a truth to be realized? Why, maybe a couple million newly minted millionaires who stood up for market reform and fucking HELD the whole way through no matter how bad the gaslighting or the grief was. It was clearly the solution from the start (2008 and before that) it just made sense.
+
+Full transparency and a Blockchain Stonk exchange and decentralized banks JUST FUCKING MADE SENSE. To give the people back the power. **Fuck them banks. Fuck them brokers.**
+
+​
+
+[Oh yeah and also, fuck insider trading. NANCE & CO.](https://preview.redd.it/jnhi30tetro91.png?width=558&format=png&auto=webp&s=391b2ac6d186cf2850dbd77135146b74c5c3bbf0)
+
+\---------  
+Anyways I CONTINUE TO THE NEXT PART  
+\---------
+
+​
+
+Alright. So, I'm sure by now a good number of people have run by a post claiming that 
+
+"**Just wanted to show you that RobinHood routes 100% of your trades directly to dark pools with PFOF. Source: 606b report"** 
+
+Which led me on a goosehunt, or whatever. I am tired. Anyways. I was wondering if anyone had anymore insight into Rule 606 and if we, INDIVIDUALS, could request this list from our brokers to see how order routing was handled for different stonks.
+
+[Shid Pimpin, Ya'll Trifling](https://preview.redd.it/8jj6o6hnoro91.png?width=437&format=png&auto=webp&s=8fdf717e1c75c25311fd787503b926ef47788e9b)
+
+​
+
+I think the reason the CFTC hid swaps last fall is because they also oversee the OTC (Over-The-Counter for ma smooth bois) Markets \[Alternative Trading Systems and Dark Pools\] and Derivates Markets (Options)
+
+​
+
+I'm pretty positive that through Bernie Madoff's Legacy, big time Hedgecuck and Bedpost Wife Beater Ken Griffin alongside Doug Cifu of Virtu and others have been routing sentiment off exchange.  
+
+
+These 'tards keep boasting about "Price Improvement" but fail to acknowledge that market's aren't made on price improvement. They're created from positive **PRICE DISCOVERY**.
+
+Which, due to conflicts of interests, these regards cannot provide.
+
+​
+
+[Humbly Regarded](https://reddit.com/link/xi74jk/video/5b08tqx3oro91/player)
+
+For the love of fuck don't delete this, it's a joke.
+
+  
+Okay this is going to burn a few nipples but it's pretty evident the entire market is manipulated so I must point out what I must point out, because the discovery of it is just straight disgusting.
+
+​
+
+What I will be doing moving forward is comparing pop stocks also known as MEME STOCKS to some other popular companies and their unusual trading patterns in OTC Markets (per FINRA)
+
+The following "Shares Outstanding" sizes are off by maybe 1 - 3 months and the data I collected straight from 8k and 10k filings from the SEC since somehow MarketWatch, YahooFinance, GoogleFinance, and other fucking sites can't seem to get the right data out to the public and there are TOO MANY damn discrepancies to point out any meaningful true data.
+
+  
+Have a jab at it yourselves  
+([https://www.sec.gov/edgar/searchedgar/companysearch](https://www.sec.gov/edgar/searchedgar/companysearch))  
+
+
+To check FINRA OTC (Non-ATS) Issue Data yourselves  
+
+
+1. First search here ([https://otctransparency.finra.org/otctransparency/OtcIssueData](https://otctransparency.finra.org/otctransparency/OtcIssueData))
+2. Click "I Agree"
+3. Click the bar option reading "OTC (Non-ATS) Issue Data
+4. Click "Monthly" for the view
+5. Input Stock Symbol or Issue Name and Select Month/Year from Drop Down Menu
+
+Note:  
+In order to look up previous months and years you must first..
+
+1. Click "OTC (Non-ATS) Download" on the Bar
+2. Select "Monthly" for the view
+3. Select the year from the drop down menu
+4. Click the download button to far right for the month of your choice and then you will receive an .html file
+5. Shit is rough to read so use CTRL + F to look up Stock Symbol or Issue Name manually
+6. Copy all relevant data for your stonk of choice
+7. Copy + Paste, Import into Excel
+8. While highlighted, Go to the "Data" tab in excel and click "TEXT TO COLUMNS"
+9. Choose file type "Delimited"
+10. Select the "Other:" option for the delimiter and COPY this "|" into there
+11. Click "Next"
+12. Click "Finish"
+13. Voila, we aint done.
+14. Underneath all those biggums numbers it'll be organized as follows after the market maker or fund "Total Shares" (biggums #) and "Total Trades" (smol #)
+15. Type "=SUM(E1:E2)" ( the 1 and 2 after E should be replaced to the respective data points at the top and bottom of the list to get further insight as to how many shares were traded and how many times over in the over the counter markets.
+16. Throwup, I'm nauseous after doing this for 13 months, for 6 different securities.  
+
+
+At the end you should have something like this :)
+
+[Damn, Gamestop had 69.93M Shares Outstanding in Jan 2021 and 527 Million hit the OTC Markets, SUS!](https://preview.redd.it/i88bqoumyro91.png?width=779&format=png&auto=webp&s=47f9112f2d47d31e4202c229c6e4cb4b4e0f3423)
+
+  
+A comparison of sentiment being routed off exchange, presumbly from PFOF brokers
+
+​
+
+[Year 2021](https://preview.redd.it/13op7fxjaso91.png?width=1001&format=png&auto=webp&s=86e47ac4d756efbc4390f4d100637586cc51c5c1)
+
+​
+
+[Year 2022 TO DATE \(July\)](https://preview.redd.it/o16minelaso91.png?width=1001&format=png&auto=webp&s=0280353b1dcf7b26d2d736cee30cd2fe4ce9fb0b)
+
+​
+
+[Total Sentiment % routed off exchange](https://preview.redd.it/45qy1dzmaso91.png?width=1001&format=png&auto=webp&s=5de89f204a01a2847c1e27f77d684d1ee6461d6d)
+
+Before anyone tells me some shit about oh HFTs just trade shit back and forth, compare the FAANG stonks and the shiddy ETF. This is all fucked dude. Hilarious.
+
+​
+
+I'm honestly disgusted dude. This is gross negligence, to have MILLIONS chanting HEY LOOKY HERE, PLEASE EXPLAIN WHAT THIS MEANS, WHY'S IT SO FUCKY IF SENTIMENT IS SO STRONG?
+Unless people are suddenly not scared to spend their money, Im not sure how a 1900 point jump is justified...I get giving banks and businesses money keeps them from going bankrupt but that doesn’t increase or even stable their revenue and if stocks are going up but business activity isn’t doesn’t that just mean P/E is just inflating?
+Ive been bullish for a long time despite even the pandemic. I was confident the FED would do the right thing and raise rates, and the government would chill the fuck out with the spending. (Monetary and fiscal policy).
+
+Well, after seeing inflation data and the governments response, I’m bearish. Biden blames Russia 100% for inflation. There is zero talk of cooling spending, he even said “I’m sick of the American people saying government spending causes inflation”. Fact, high government spending is one of the many parts of demand pull inflation which is what we are experiencing; unless he has discovered a new facet of Keynesian economics.
+
+Now there are [speculation] talks of an invasion of Taiwan, if that happens we are definitely fucked because thats where almost all of our silicon comes from. (This is the most speculatory part, it is a risk that needs to be considered though)
+
+Inflation is going to get worse. The government is not going to do shit as they’ve indicated. Since 2008 the government solution to everything is to throw money at it. The fed isnt going to do shit, theyve literally fucked themselves into a corner. They cant raise rates, we wont be able to pay for our debt. (I mean raise them significantly. Not fucking .25%)
+
+I think we are in for a horrible fucking quarter with where gas prices are. The spike in gas prices solidified my bearishness: when gas prices are up literally everything under the sun costs more.Companies will need to raise prices more, consumers will become priced out and more frugal, demand will fall, stagflation. 
+
+This being said I am holding still, but I will be waiting a couple months before buying more. Especially after Q2.
+
+Also, why are NO politicians holding the FED accountable right now? Ive seen nothing in the news cycle about it.
+
+Oh yeah lets not forget the housing market is absolutely fucked right now.
+
+Edit: a lot of you seem to think 8% inflation is good for stocks. LOW inflation (2%) IS good for stocks and economic growth. HIGH inflation is VERY bad for the economy, head math: prices go up, value of money goes down, consumers buy less. Bad.
+I'm a manager, and i was just handing out an appreciation award- basically for showing up and being 'reliable'. The employee is a good kid, in any case. But, my boss was asked him what he was going to do with the prepaid visa debit card that came with it.
+
+Before the kid really thought about it... he blurts out 'Buy More GME', kind of awkwardly because, it's just an awkward question to ask.
+
+Then it gets real awkward, as my boss realizes what he really just said was 'I'm quitting in a month'.
+
+And I'm grinning like a fool, trying to not say something like 'Ape Strong Together' or 'This is the way'.
+Given how many countries offer a golden visa for some minimum real estate purchase I’m curious if others are seriously considering jumping in now given the strong dollar?
+
+I have thought about it but never seriously considered it in the past, but with the dollar surging it looks like a good time to reconsider.
+From the article: ["over the 15-year investment horizon, 92.33% of large-cap managers, 94.81% of mid-cap managers, and 95.73% of small-cap managers failed to outperform on a relative basis"](http://www.aei.org/publication/more-evidence-that-its-very-hard-to-beat-the-market-over-time-95-of-financial-professionals-cant-do-it/)
+
+Passion Project | 100% Safu Dev | Dev is legit with a history in the art industry, crypto space & a strong backing 💕
+
+
+ 
+
+
+Welcome to the $GOGE Launch! Your favorite Gay Son! 💃 HODL GOGE and get $CAKE They are a community based token, purely peer-to-peer, virtual version of life, currencies and nation states on the blockchain. 🤝 
+ 
+
+ 
+
+
+$GOGE was created to unite humans throughout the universe, ensure freedoms, spread love, fight hate and global inequality. 🌎 
+ 
+
+ 
+
+
+DOGE GAY SON - Directly changing the world through the power of blockchain technology, all while making crypto truly fun.
+
+
+ 
+
+
+Goge is the 1st ever Gay Doge family member token. The 1st ever Doge token with dividend yield automatically paid in $CAKE. The 1st cryptocurrency to utilize direct action peer-to-peer charity. Finally, Goge is the 1st cryptocurrency truly for ALL human beings.
+
+
+ 
+
+
+🥞 **$GOGE & $CAKE Use Cases** 🥞 
+
+The token powers the Goge ecosystem, creating ever growing multiple use cases, and allowing holders to use Goge as well as their $Cake rewards in real life and virtual life with fast speeds and cheap fees. 
+
+
+ 
+
+
+🎗 **Direct Action Charity** 🎗
+
+Their original direct action peer to peer charity is a community driven initiative which aims to provide direct financial relief to anyone in the world who may be in need. Goge holders will be able to share/submit their stories to the project, and after an authentication and verification process, GOGE's newsletter will feature people and their stories (public or anonymous). All donations made will be directly split between all those who are featured.
+ 
+
+ 
+
+
+**Tokenomics** 🌈 
+
+- 100,000,000,000 Total Supply 
+
+- 10% Fee To Cake Reward
+
+- 3% Fee To Marketing
+
+- 3% Fee To Buyback & Liquidity
+
+- 16% Total Fees
+
+
+ 
+
+
+**For The Community By the Community** 🚀
+
+- 10% CAKE rewards ✅
+
+- Voice Chat open before Launch!✅
+
+- CMS trending posts & several influencers!✅
+
+- 100% safe ✅
+
+- Verified contract 📝
+
+- Locked liquidity on Pinksale 🔒
+
+
+ 
+
+
+Don’t Fomo on the Homos! Join their TG and DYOR, you won’t be disappointed! 
+ 
+
+ 
+
+
+Telegram: https://t.me/DogeGaySon 
+
+Website: http://www.goge.co 
+
+Twitter: http://www.twitter.com/DogeGaySon 
+
+Instagram: https://www.instagram.com/dogegayson
+This is just consolidation for a move higher.
+
+Edit: FFS of course I have no idea what I’m talking about, anyone that pretends to actually know what’s gonna happen is either somesortofidiot or trying to scam you. Stop DMing me.
+So like most people with reddit on their phone I open it multiple times a day.  95% of the posts are about the riots/protest/COVID/politics and what a shit show everything is.  So of course SPY continues with its uptrend and another green day.  I was very close to entering puts.  I noted we were looking toppy having failed to break the high of the past couple trading days.  In fact the majority names I cover were green except for tech, MJ, and a couple gold miners.  This is why people who try and look at the market objectively with fundamentals are probably ripping their hair out.  Maybe that will matter in the long run but short run it does not matter.
+
+**Markets** 
+
+Chart Perspective - Like I mentioned above, $306.84 was high from Thursday.  We did end up breaking high of Friday.  If we don’t break that level first think tomorrow morning I would suspect a sell off is imminent.  If we do break than $313.81 is still the next recent high.  That said, we are still in a 4 hour, daily uptrend so if we don’t break and sell off, still have until $299.55 until the last 4 hour pullback support.
+
+Investor Perspective – This will eventually burn like US cities currently are.  It is government unlimited QE vs. reality right now.
+
+**Energy and Oil Companies** - MEG Energy Corp, Crescent Point Energy, Cenovus Energy, CDN Natural Resources, Suncor Energy, Enbridge, Teck Resources Limited, Husky Energy, Vermillion
+
+Chart Perspective – Take what I said Friday about finally showing weakness and go back to what I said Thursday about equilibrium.  People may get excited seeing those 5% days but now most just getting into the equilibrium.  MEG is interesting because it is at a 5x top at $3.41 - $3.45.  But for most names just look at a daily chart [here]( https://www.tradingview.com/x/D9fiH6vs/); [here]( https://www.tradingview.com/x/VMsywOSF/); [here]( https://www.tradingview.com/x/NLFr1wF6/) and you can see that a lot of names are just sideways over past month.  
+
+Investor Perspective – You had Suncor come out and say that energy transition will kill oil demand.  I do think oil is a dying industry, but it could be a dying industry for the next 10 years with gains to be made.  It won’t just disappear that is for sure.
+
+**Gold Miners** -  Kirkland Lake Gold, Kinross Gold, Barrick Gold, Eldorado Gold, IAMGOLD, B2Gold, Yamana Gold, OceanGold.
+
+Chart Perspective – I must say its either red flags are being thrown up for me here or I don’t understand what these miners are tied to.  Both gold and SPY up decent today and although some miners got okay bounces, others got weak bounces or are red.  Seeing these charts you have equilibriums at best (BTO, YRI, KL) to weak bounces/downtrends at worst (ABX, ELD, K)
+
+Investor Perspective –  It feels like short term downtrend with a medium to long term hold.
+
+**Marijuana Stocks** - Canopy, Aphria, Aurora, HEXO, Organigram. Cronos, and some US MSO’s.  
+
+Chart Perspective – Not looking good for WEED.  It got a bounce today of about 4-5% but couldn’t even get back to where it opened which was already down.  I must say APHA chart looks good short term, riding an uptrend but in an hourly equilibrium right now.
+
+Investor Perspective – I still think SPY is going to pull back and best believe that will add a ton of downward pressure on these names,
+
+**Banks** - BMO, RBC, Scotiabank, CIBC, Manulife, TD
+
+Chart Perspective – Another okay bounce for banks but just look at the 4 hour chart and you’ll see that it is nothing special.  From a chart perspective I wouldn’t be confident in breaking either way right now.  You are about 2-3% from rolling over and breaking the recent 4 hour pullback which would be looking down before the financial play bounce.  If it breaks bullish, we are looking at a bunch of the double/triple tops.
+
+Investor Perspective – Like banks often do, I don’t expect a ton of volatility moving forward.  Just getting and giving a couple percent here and there.
+
+**REITS** - Brookfield, Smartcentres, Riocan, HR Real Estate
+
+Chart Perspective –  Man did I nail the $9.50 support on HR or what.  Now, these aren’t out of the woods yet.  In fact, the pullback seems to already be happening after the bounce so testing short term lows aren’t out of the realm of possibility.  I must say though considering the run on both HR and BPY to their dividends (and with HR after), these pullbacks are not anything significant.
+
+Investor Analysis – Still holding my puts for more short term pullback.
+
+**Tech** - SHOP, Lightspeed, Real. OpenText, Kinaxis
+
+Chart Perspective -  It’s another tech red but no real flags.  Mostly sideways/equilibrium after the bounces.  Nothing much to write up.  Unless we see multiple red days and a trend change, it’s just sort of meh right now.
+
+Investor Perspective – See Friday.  
+
+**Air Canada** 
+
+Chart – Nice bounce from the low but still haven’t changed any trends.  Still in a downtrend.  
+
+Investor – See Friday.
+Being a man of science who also loves his dogs and crypto, this was an opportunity I could not pass on. Like the title says, I "gave" each of my dogs $100 to invest in crypto and plan on giving them the rewards (probably in the form of special treats, food, toys) when they reach the appropriate age.
+
+For practical reasons I did not create accounts for them in an exchange, we will be using my account instead and I will be managing their funds for the time being. Just imagining how long the verification (kyc) process would take for them gave me a headache. Moreover, my dogs are still not very good using the keyboard or touchscreens, so it made more sense for me to do it.
+
+Even though I am technically managing the funds for them, they were actually the ones who decided which projects were worth investing in. In order to save time I decided it would be best to show them the logo of each crypto and read them the name, if they barked, that meant they wanted me to buy some. I decided to allocate their $100 in three equal parts among the first 3 projects they barked at. This way they would have a diverse portfolio.
+
+The results were the following:
+
+* Gandalf the Beagle (DOGE, CAKE, SHIBA)
+* Attila the Pug (DOGE, BAT, ADA)
+
+Like I said, the decision was theirs, I have to respect it. Gandalf was probably just hungry at the moment and thought I was offering him cake and the sight of a doge and shiba dogs made him happy. Attila probably chose doge for the same reason, and I guess he reacted at the word "bat" because he hates bats. At first I was surprised when he chose ADA. I thought he had probably been reading up on the project and read about the smart contracts being implemented today. Now I just thing he though I said "ADA BOYYY".
+
+I will let you know how these investments turn out, remember it's important to think about your pets' financial future as well.
+
+​
+
+EDIT: Wow thanks everyone I1m glad you were entertained, btw these are some of the funniest comments I have ever seen!
+So on 12/1 Cloudflare (NET) had a big red day, and I sold, what I thought were 10 Cash-Secured Puts (Stupid I know) for 1/21 140 strike. I am 34 grand in the hole already, and NLV is \~22,400 after today. I also just realized, that these puts are not cash-secured and I won't be able to take assignment on these. Really didn't expect Cloudflare to go down this much. What are my options in this position? I've had to BTC two contracts to avoid margin call already. When will this stock come back?
+On Friday, I forgot to close my‍ NEGG 30-35 call credit spread. I quiet $1000 credit for it, NEGG closed at 30.50, so I could have closed it for net $500 profit, but I simply forgot to do it. Needless to say, for several days now I've been having anxiety cranked to the max, unable to think about anything other than how ruined I will be if I get assigned and NEGG opens significantly higher on Monday. Over the weekend, I found out I had indeed been assigned a thousand shares short, which could easily wipe me out if there were any significant gains over the weekend. I placed a premarket order to buy back 1000 shares at 31 and it has now filled at 30.97, so I'm now clear. I cannot begin to describe how relieved I am. This could very easily have ruined my life. I never ever want to ever go through this ever again. Buy to close your spreads, no matter how far out of the money they are the day before expiry. Pin risk can and will get you eventually if you get complacent or just plain forgetful.
+Acquired this property in 2022 amid the "the highest home prices ever" and paid 53k for it spent 42k on rehab which was exterior painting the aluminum siding. Replacing cabinets with unpainted(then painting) which is cheaper . Porcelain countertop tiles because if one piece breaks its very easy to replace instead of granite which is a high maintenance item and scheduling granite installs are a pain in the ass. I try to have as little contractors as possible because most people are unreliable and lazy.
+
+Some recessed lighting and eliminated kitchen window for space efficiency since everyone complains they never have enough cabinets and countertop space. Kitchen is small I spent about 3k in matierals, 2k appliances and 3000 in labor in this small kitchen. Home is 5 bedooms and 2 baths total 1900 sq ft.
+
+
+
+https://i.imgur.com/pKgXSy7.jpg
+
+ numbers here bought for 53k from a seller who abandoned the property. I rehabbed for 42k and arv is 205k after 4 months of purchase so i expect about 45k cashout(tax free) in my pocket after all fees and I only put down 11k down or so on this with all closing costs and quadrupled it in 4 months. My rent is 2300 a month and my mortgage around 1200 a month approx. so I'll cash flow about 800 a month or almost 10k a year on this from my firs year of ownership.  I can't quadruple my money consistently in any other business while maintaining an asset that can't be replaced my amazon/walmart . The market rent is 1625 but since that is merely a suggestion. My bank uses market rent for loan qualifications though. I have met landlords that say "No you can't get more than market rent from a tenant" and I ask "have you tried?" they reply "no because it wouldn't work" and I just laugh . You can't help most people make money they just don't want it. It's much easier to complain about "how hard things are".
+
+
+
+I LOVE THIS BUSINESS . Stocks are down, crypto is down and real estate is stable because even if it starts crashing my appraisers are using 6month old comps and when a recession truly hits one day the prices go down in my favor it's all about buying correctly.
+
+Some pictures of before and after of kitchen I eliminated the window but it looks like after picture wasn't take at proper angle so you can't see the entire kitchen. Home wasn't clean yet unfortunately because tenants were moving in next morning and cleaning was going to be done later in the day. My homes are always rented during rehab so I get my deposit during rehab and tenants are moving in within 24 hours of when I finish because I don't like vacant homes.
+
+[https://imgur.com/gallery/UjhgCWq](https://imgur.com/gallery/UjhgCWq) this will definitely not be liked by most homeowners but this is a rental and efficiency is key.
+
+I usually eliminate family rooms for example to add more bedrooms because +bedrooms =money.
+
+This may seem unbelievable to many out there especially the bubble skeptics but I know many guys investing in cities around me making over 500k a year flipping etc. and some are moving a million worths of property per month. I just don't understand the investors that say "it's impossible to make money right now"?
+
+​
+
+​
+
+Good luck to everyone out there in this business.
+Edit: They made me my own flair so I'm guessing I'm onto something lmao
+
+So I was just poking around randomly on Google. I found some interesting information that leads me to a retarded ape-like conspiracy.
+
+Short end of it, I think Gamestop was in the process of closing everything down and I think the real estate division were giving Melvin inside information which is why they went so heavy on the shorts to begin with.
+
+Let me explain my thought process. Maybe I'm retarded but you apes help me to see if I'm crazy or autistic.
+
+The real estate connection begins with this PDF document:
+
+[https://higherlogicdownload.s3.amazonaws.com/CCIMCONNECT/8f473331-34dc-49b0-a5cc-4a6fe64f26ec/UploadedFiles/VqsY4FaMQna7C7UeT3Kb\_CCIM%20Preferred%20Partners%20Book%202019.pdf](https://higherlogicdownload.s3.amazonaws.com/CCIMCONNECT/8f473331-34dc-49b0-a5cc-4a6fe64f26ec/UploadedFiles/VqsY4FaMQna7C7UeT3Kb_CCIM%20Preferred%20Partners%20Book%202019.pdf)
+
+CCIM is a commercial real estate group that basically just puts people together in a room and does conferences and shit.
+
+The PDF starts off innocently. Just a thank you note, President's Forward and random ads.
+
+But then it begins to list a directory of members. On Page 46 there's a strange coincidence.
+
+Gamestop's real estate leasing manager, Christopher Morris is listed.
+
+Right underneath is Scott A. Morris of...... Citadel Partners LLC.
+
+I was like holy shit when I saw that and I looked into it and Citadel Partners is a real estate group in Texas, doesn't seem to be a connection to our evil Citadel overlords. Just... a really funny coincidence. Maybe someone wrinklier brained than I can find an actual connection lol
+
+But then I did some other digging and found a random document:
+
+[https://cases.primeclerk.com/ascena/Home-DownloadPDF?id1=MTYzODk5Ng==&id2=0](https://cases.primeclerk.com/ascena/Home-DownloadPDF?id1=MTYzODk5Ng==&id2=0)
+
+Which is a voting form for Ascena Retail Group's bankruptcy filing.
+
+On page 49 and 50 something jumped out at me:
+
+GOLDMAN SACHS & CO -- F/A/O MELVIN CAPITAL MGMT LP -- ATTN PRIME BROKER ACCOUNT
+
+Idk if it's well known, because I had no idea but apparently Goldman Sachs handles Melvin's accounts.
+
+I looked further into it and found:
+
+[https://aum13f.com/fund/melvin-capital-ii-ltd](https://aum13f.com/fund/melvin-capital-ii-ltd)
+
+**Custodian** Deutsche Bank Securities Inc, Morgan Stanley & Co LLC, JP Morgan Securities LLC, Goldman Sachs & Co LLC, National Financial Services LLC
+
+Melvin is in publicly bed with Goldman and JP Morgan.
+
+And it just so happens Jason Butler of JP Morgan Chase bank is also listed in that CCIM real estate group directory. I can't find anything about what Jason Butler does except this page which shows him as an analyst:
+
+[https://invest.arenapharm.com/analyst-coverage](https://invest.arenapharm.com/analyst-coverage)
+
+So would it be impossible to think that Christopher Morris, Gamestop's regional leasing manager, Jason Butler an analyst at JP Morgan got together at any one of the events CCIM held in 2014 ([https://www.ccim.com/networking/past-meetings-conferences/](https://www.ccim.com/networking/past-meetings-conferences/)) and had a little discussion about how Gamestop was considering bankruptcy as the digital age may be putting them in a bad position financially?
+
+And then at that point word got around to Melvin who's probably paying for information like this from any one of their insider analysts at Goldman or JP Morgan and decided it's a safe bet to start shorting Gamestop?
+
+Then all this shit hits the fan and now Gamestop is doing better than they've ever done and now have no plans to continue that route of possible bankruptcy and Ryan Cohen swooping in to save the day destroying all of Melvin's hard insider traded tendies.
+
+It's a cooky theory but plausible.
+
+​
+
+Edit: Forgot to mention current position 48 @ $77
+Money that you add to your self wealth account should not be shown as estimated earnings for that day. This seems like it would be a pretty simple change. In fact I’m
+Not sure why cash holdings are included in this figure at all - it should just show what your investments are doing.
+
+Thoughts?
+Good afternoon lads.
+
+Bear with me here. I promise there is a coin-related post below. You should read everything though.
+
+I am back. Yet again I have crawled my way to this sub, protected by the eternal power of my sweet VIDYA gains as I traversed through Vitallik’s gas fee ridden hellscape.  
+
+Although I have returned, I am a changed man. The all-powerful cryptocurrency entity, “hotdogfishguy”, he whose name is echoed by the blockchain bards in the hallowed halls of faraway lands, that golden light of truth and transparency in this scamcoin ridden arena of code, is dead. He is no more. Gone. Consumed by the abyss, taken by the Ethereum void. He will be forever remembered in the hearts of those on this sub, in the souls of all the lads and ladettes he touched with his unprecedented charm, his blend of charismatic humor and phenomenal calls, including but not limited to Asko (65x), Strudel (7x), Chow (15x), and most recently and most famously, Vidya, a beautiful 4x.
+
+In his last post before his untimely demise, hotdogfishguy achieved his dream, reached the pinnacle of his earthly existence. Not only did he achieve the Top Post of All Time on this subreddit (until recently overtaken by another, less amazing post, one which is clearly a farce (I mean seriously look at the comment:upvote ratio)), but he was yet again awarded REDDIT SILVER, an honor that struck him to his core. Shortly before his death, he told me that he would pass down this award to his posterity through a complex and pre-written spiritual ritual for generations to come. Thank You, Kind Stranger. The numerous wholesome comments made his day.
+
+May He Rest In Peace.
+
+HARK, TAKE HEED! What is this? A stranger rides over the horizon, his silhouette aglow with the golden glaze of a thousand blockchain suns. His jaw square, his eyes deep and the rippling blue of a stocked liquidity pool. It is him. It is the redeemer. It is hotdogfishguy (cooler version with more Karma and awards this time), Warden of the Dex, Born of Blockchain and Cold Steel, Forged in the Fires of Rugs, Famed Traverser of the Great Ethereum Sea.
+
+He cometh to present a coin. Take heed.
+
+The coin is DEXM, and their product/UI is launching on the 21st. Like my last post on my old account and in contrast to 99% of other posts in this sub, I will not be telling you “muh 100x in 2021 muh”. I will simply be transparently presenting my research and opinion on this project. Make your own decision, and let me know what you think.
+
+First, I’ll go over tokenomics, followed by a summary of the coin’s use and its technicalities. I will finish this post with a description of the quickly approaching launch that is/will be the catalyst for this project.
+
+Site: [https://www.dexmex.info](https://www.dexmex.info/)
+
+New whitepaper and URL confirmed to go alongside the March 21 product launch.
+
+Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0xc92b1c381450c5972ee3f4a801e651257aed449a](https://www.dextools.io/app/uniswap/pair-explorer/0xc92b1c381450c5972ee3f4a801e651257aed449a)
+
+For transparency’s sake, I’m in at $0.16 and $0.18. 
+
+Quick Tokenomics Rundown: 
+
+Market Cap: 7M
+
+Volume: 1.2M and building 
+
+Uni Liquidity: 2M
+
+Holder number is low, which is nice, and the liquidity is locked through Unicrypt.
+
+The audit can be found here: [https://www.dexmex.info/doc/DexMex\_Audit.pdf](https://www.dexmex.info/doc/DexMex_Audit.pdf)
+
+A new audit is coming on the 21st as well.
+
+Into the Coin:
+
+DexMex is a Uniswap-based decentralized exchange that allows any ERC-20 token to be shorted or longed (is that a word?) with peer-to-peer leverage. Any token you want, be it a rugpull-imminent meme coin or a legit blue chip can have a leveraged short or long applied to it. Fees are extremely low at only .8% on entry into a position, an attractive feature that puts DEXM far ahead of the (almost nonexistent) competitors. (I like parenthesis.) That .8% fee breaks down to .4% to DEXM stakers, .2% to buybacks/burn, and .2% to the treasury.
+
+The payouts for the aforementioned leveraged positions are not the result of a borrowing or margin system; rather, the gains are derived from the losing position(s) of the shorts/longs. As a result of the lack of such a margin system, there is no risk of liquidations or margin-calls, as you are only risking as much as the price of the underlying asset fluctuates.
+
+The progressive leverage feature is extremely interesting--for each short:long ratio, a multiplier is derived which is calculated from the volume on each side of the position. Theoretically, there is no limit on this multiplier.
+
+Ok. So we have a peer-to-peer decentralized leverage trading system in which there are no liquidations and theoretically infinite multipliers exist. The system is 100% self sustainable, as the aforementioned multipliers and payouts are based on position volume and gains/losses.
+
+That was a bunch of technical stuff. Now for the real-world application aspects of the project’s attractiveness.
+
+People like taking risks. People like being able to trade on margin, because the higher risks come with higher reward. Margin trading is extremely popular. With DEXM, you can take leveraged positions on literally anything you want on the Ethereum chain, and you will never be liquidated for it. There are attractive volume-related multipliers as long as the volume and opposite-side interest exists
+
+We have all seen how degenerate gambling and memecoins have taken over crypto. You’ve felt the FOMO, the hole in your chest as random DogCoin#2434653 does a 500x and your cat coin gets rugged. 
+
+DEXM is a shining stone in the black fog of the current degenerate meme gambling mania. If you got burned on HOGE and hate it with a passion, you can take out a giant short on it without liquidation fear. If you feel the gut wrenching FOMO as aforementioned random DogCoin#2434653 does a 500x, you can take out a leveraged long on the next one.
+
+Now is the perfect environment for a product like DEXM. **It gets exposure to the current gambling meme craze without actually being a degenerate meme coin.** You get the best of both worlds. You can hold DEXM, a legit coin with an actual innovative use case and team, and profit from the inevitable flood of degeneracy as crypto traders across the globe realize that not only can they throw an irresponsible amount of money at today’s meme craze, but that they can even use leverage to long or short it. You could also make informed, relatively low-leverage shorts/longs on non-memecoins, a far more reasonable and profitable strategy. Who cares about reason though.
+
+The MCAP is still very low, it's just starting to pump and pick up momentum, and the launch on the 21st is generating hype. Again, the launch of the product I’ve just described is literally this weekend.
+
+You aren’t joining the gold rush, you are investing in the pickaxe company. 
+
+You could also short HOGE with potentially infinite leverage, as I assume many would very much like to do. Nice.
+
+Take heed.
+
+TG: [https://t.me/DexMexofficial](https://t.me/DexMexofficial)
+
+Twitter: [https://twitter.com/OfficialDexMex](https://twitter.com/OfficialDexMex)
+Which country in Europe would be the best place for someone who build significant stocks portfolio and wants to enjoy live by living from dividend? Important criteria’s would be:
+1.  Low taxation of dividends/capital gains (or possibility of tax optimisation)
+2. Low cost of living
+Before a Green Day:
+
+“Oh I can’t wait for the dead cat bounce to load up on more puts”
+“Stocks only go down” 
+
+
+As soon as $SPY goes up .5%:
+
+“Recession cancelled”
+“Bulls on parade”
+“RIP my portfolio” 
+
+Shut the fuck up and hold your puts market is going to get fucked for the next three months just like your wife is by everyone else.
+Trading 212 has 0% ISA fees and £0 trade fees.
+
+This makes it a no-brainer ISA pick over competitors like Vanguard, AJ Bell and Interactive Investor, yet I don't often see it recommended.
+
+Is there some hidden costs that I'm missing here?
+I own some ETH, just want to put that out there first.
+
+I see, constantly, people in this sub not only supporting eth but also bashing the living hell out of Bitcoin. So I felt the need to at least sound off from the other side.
+
+I continue to invest in Bitcoin, yes even in light of everything going on with Ethereum and I will try to explain my reasoning.
+
+I believe they are heading to capture different markets, whether by intention or not.  Ethereum has been making waves in the tech industry as I'm sure you all have been noticing. This is the way I see eth, is as primarily a tech product. Sure it's financial tech in essence, but the focus is on decentralized computing with a financial product as a feature. Bitcoin I see as a financial product with additional tech solutions as a feature.
+
+Ethereum has been attracting that tech money, and that money comes fast. Bitcoin, I believe, is the only crypto currency that is going to attract investment from *low-velocity money*. Offshore accounts, funds, and family offices. And that money comes slow. But it stays forever and there is an *ocean* of it. There's just no other coin to sell them. Eth is great, but it a fast moving, sandbox innovation tech project. These funds are not looking to invest in tech projects. Bitcoin, in comparison is slow moving and cautious with a proven track record of economic activity. Digital gold, is the marketing  slogan that will sell them. Investment is about sales, and what are each of these coins selling themselves as? Bitcoin, being marketed as the new internet currency or digital gold is going to be the coin this "old money" will invest in. They are not looking for decentralized computing, they are looking for the most stable, internet based asset they can get their hands on. And yes, in this regards I would argue that Bitcoin is more stable. Ethereum will have scaling problems, and yes solutions are planned, but you are all *betting* that they will *just work* perfectly. I see it on all the discussions,  "well that doesn't matter because we have sharding, raiden, POS coming". Think about it, a 15 billion dollar(?) valuation, when the primary processing algorithm hasn't even been decided yet? POS in a regular crypto is challenging enough, but integration with Turing complete decentralized computing? Why is everybody acting like this is a done deal that works perfectly?
+
+I believe Bitcoin will attract the interest of "old money" soon, and I believe that particular market of traditional finance will only invest in Bitcoin, no matter what returns eth and other coins are currently generating. Tech VCs move much faster, but I believe Bitcoin is on a slow, steady grind to capture the most lucrative market on Earth. Disruption, in those account balances, would be the biggest force for societal change we've ever seen.
+
+I welcome discussion.
+
+
+**EDIT : For clarification, when I say stability I am referring to the simplicity of bitcoins first layer to the complexity of Ethereum's first layer. Not that either way is wrong, but base complexity would be an enemy of solid value storage and base simplicity would be an enemy of a flexible decentralized computing network.**
+
+
+
+
+
+
+The day we left r/GME, this sub had about 250 members. Now look at it. You apes, all of you, are beautiful, diamond-handed smooth brain crayon-eating rocket-launching legends. I've never seen a sub grow so fast.
+
+Please take a look at the rules. We did our best to keep them simple, and while we are focused on a non-censored sub, we will remove if we must. We do have some mods who have graciously dedicated their time to help moderate the sub, so give them some props.
+
+And without further adieu, here is the daily discussion:
+OK. I want a break from all the posts about the wheel - not knocking it, great strategy, highly recommend - so I thought I'd write up some thoughts on trading volatility AKA vol. Plenty of you already know a lot of what I'm going to go over so please feel free to add your two cents below. This kind of post is better if people relate personal experiences to it. This is not investment advice, don't make trades you don't understand, don't listen to the advice of rando's on reddit.
+
+**What is volatility?**
+
+Volatility is just how we describe how fast some underlying (stock, future, ETF, whatever) changes in price.There are two types of volatility that we care about, Implied and Historical.
+
+**Realized Volatility AKA Historical Volatility (HV)**. This is how fast the underlying has been changing in price *in the past*. HV can actually be calculated, and the calculated value is exact. If XYZ has an HV of 50%, that means over the period that the vol was calculated that underlying's 1-standard-deviation move was 50% of the price of the underlying. Say what? If XYZ is trading at $100, a vol of 50% means it has a 68% chance of closing between $50 and $150, over whatever period you're calculating vol over. Usually this is a yearly calculation, but it doesn't have to be.
+
+**Implied volatility (IV)** is what the current market *predicts* about the volatility of the underlying over the life of the option. You've probably heard of something called "vega". Vega is one of the greeks and describes how an options price changes for a given change in implied volatility. This is a little weird because vega is a forward-looking greek. In other words, we don't actually know what implied volatility is, we calculate it based on prices. This was a misunderstanding in my knowledge until recently and I think its important to understand. IV is *not known with certainty*. In fact, my entire trading style revolves around the assumption that the market overestimates IV compared to HV.
+
+To be super clear about this, IV is what the market is predicting about the volatility of the underlying over the life of whatever option you're looking at. Nobody knows what this volatility actually is, its just the market's guess, in other words it falls out of what the price action is. This is confusing AF but spend some time and understand what I'm saying. You can back-calculate volatility based on options prices, but you don't KNOW volatility ahead of time. 
+
+**Example:**
+
+Example from an awesome book, "Options as a Strategic Investment":
+
+XYZ price $52
+
+Upcoming $50 call price: $6
+
+Time remaining to expiration: 36 days
+
+no dividends
+
+5% risk free rate (LOL)
+
+the option price is a function of underlying price, strike price, time left, risk-free rate, volatility, and dividends. Plug in what we know:
+
+$6 = f(52, 50, 36 days, 5%, volatility, $0)  - you could solve this for volatility. That's how it works. IV in this fictitious example would be 75.4% based on the Black-Scholes pricing model (that's a whooole separate thread).
+
+**IV Rank**
+
+Volatility on its own doesn't really help you as a trader looking for trade opportunites. Is 6% good? 600%? 100%? 50%? So typically people talk about IV Rank (IVR), or sometimes IV Percentile. I'll focus on IVR here. Tastyworks calculates this as:
+
+100 x (the current IV level - the 52 week IV low) / (the 52 week IV high - 52 week IV low) = IV Rank
+
+Make sense? IVR gives you "how high is this underlying's IV relative to it's IV range over the last year". Without this, or some calculation like it, IV isn't super useful. Is 30% high for XYZ? Is 97% low for ZYX? IVR gives you context. It tells you, if you're a volatility seller, whether or not it's a good time to enter the trade. Just like stock prices - I don't want to sell vol when its low, I want to sell it when its high.
+
+ **How does this help me for crying out loud?**
+
+When an option's price is high, IV is high. When prices are low, IV is low. What this means is, you can sell options with high IV, or buy them with low IV, and profit if volatility changes. How do you know how the hell vol is going to change? Most of us have a 50/50 shot at predicting whether stock prices go up or down, how can we do better at vol? Hold onto your butts.
+
+**It Turns Out IV is a Crappy Predictor of HV**
+
+There are plenty of studies out there about this, but it turns out that the market *overestimates IV relative to HV*. Let that sink in. IV tends to be HIGHER than HV actually will end up being. Or to put it another more useful way, **option prices reflect bigger moves in the underlying than tend to actually occur.** This is a super important concept to understand. 
+
+Resources that I think present this idea well:
+
+"Options as a Strategic Investment" by Lawrence McMillan
+
+ [https://www.tastytrade.com/tt/shows/where-do-i-start-back-in-the-game/episodes/historic-vs-implied-volatility-04-03-2018](https://www.tastytrade.com/tt/shows/where-do-i-start-back-in-the-game/episodes/historic-vs-implied-volatility-04-03-2018) 
+
+ [https://www.tastytrade.com/tt/shows/market-measures/episodes/implied-vs-realized-volatility-05-24-2019](https://www.tastytrade.com/tt/shows/market-measures/episodes/implied-vs-realized-volatility-05-24-2019) 
+
+ [http://tastytradenetwork.squarespace.com/tt/blog/actual-volatility-implied-volatility](http://tastytradenetwork.squarespace.com/tt/blog/actual-volatility-implied-volatility) 
+
+ [https://www.youtube.com/watch?v=83ZH7Y96QeA](https://www.youtube.com/watch?v=83ZH7Y96QeA) 
+
+ [https://www.youtube.com/watch?v=amao0pJE1XI](https://www.youtube.com/watch?v=amao0pJE1XI) 
+
+This means, practically speaking, that someone with a neutral outlook can take advantage of high IV, or IVR, and sell options with SOME level of confidence that the actual move in a given underlying is likely to be less than expected. I cannot emphasize this enough, **THIS WILL NOT ALWAYS BE TRUE**. Options is a game of statistics. That 72.345% PoP you calculate is garbage unless you have enough occurences to approach statistical significance. You could flip a coin five times and get all heads. If you flip it 1000 times, you're probably going to get a LOT closer to half heads, half tails.
+
+**SO. Let's wrap this up.**
+
+If we believe that IV tends to be overstated relative to HV, and we know that IV is a function of option price, we can conclude the following:
+
+\- Selling options when IV is high would tend to be profitable, even if or especially if we take a neutral outlook, which is to say we don't bet on the price going one particular way by some large amount.
+
+\- Knowing what "high" is when it comes to IV requires some additional calculation such as IV Rank, to give context
+
+**Practical Example:**
+
+**NFLX earnings.** Anyone trade this recently? Great example of what you may have heard called "IV Crush" occurring. This is why the WSB crowd lose a ton of money on earnings plays. Netflix (NFLX) announced earnings on 4/21, earlier this week. 
+
+The day before the announcement, a $420 call expiring on 5/15 was worth a whopping $44.00 at the close. Yes, it would cost you $4,400 to buy 100 shares of NFLX at a price $3 higher than it closed that day. IV Rank for NFLX was 71 and change at the market close on 4/21. Here's how that looked the next day:
+
+https://preview.redd.it/osbpoo2izuu41.png?width=1489&format=png&auto=webp&s=259024ff371c245111a66cb4b7c69bcd3076ded2
+
+Note - that's a graph of IV Rank, not price. The next day, IVR dropped to a low of 45. That same call option? It's now worth $22. If you sold one of these the day before, you profited 50% of max overnight. What happened to NFLX price? It went down a couple percent, not really a huge deal. This was a perfect example of how once earnings are announced, there's no more uncertainty fueling the buying and selling of options, and IV crashes back to earth.
+
+This can also go the other way. If you sell options and IV goes UP for some reason, those options will be worth more, even if the underlying has stayed still or maybe even moved in your favor.
+
+Let me just close by saying I don't think I have any sort of edge as far as picking stock direction. I can try my hand at it based on fundamentals, technical analysis, sentiment, or whatever else, but I'm not a professional. I do think that by combining a positive theta decay and a knowledge that there is some bias towards IV overstating HV, I can come out ahead.
+
+Questions? Concerns? Complaints? #vegagang
+Maybe too early to say —- but remember a few people who were talking about retiring on a lean budget through a mix of low cost
+of living areas / high withdraw rates / super frugal living. One I remember being specifically intrigued by was a guy who was living in the southeast, living off the land a lot, and had $500k with a 5% withdraw rate.
+
+
+Very interested in hearing how these people are planning on dealing with recent market developments. Thanks.
+Lately I've been thinking about going into sales because I just notified my boss I'm leaving my current job. Quick background about me is that I'm a mechanic on ships and saved over 30k in the last 10 months. I'm new to FIRE and although I haven't been with it long term I've had a good start by saving 78% of my income by working a lot of overtime and cutting expenses by living with a family friend, not eating out, watching every penny, etc. I'm leaving this job because of the physical toll it takes on my body as I turn 40, plus because of the extensive travel to different ports and living on ships doesn't allow for any normal social life or free time for hobbies. It's been a difficult decision because the earning potential is high... 80k within the next year or two, 100k within 4 years. The earning potential is all because of overtime pay since my current rate is $14 an hour. Lead mechanics make $100k a year but by being on the clock all the time.
+
+​
+
+One thing I like about it is it is performance oriented pay... the more you work the more you get paid. The more you learn and know the more you also get paid. I actually like knowing that my check will be different each week based on how much I work. I think I may like sales for the same reason. The better you perform the better you will get paid. The problem is that I'm kinda scared and intimidated by sales because I don't have any experience. But sales definitely has the possibility to become a high earner which is the FIRE phase I'm actually in. I've gotten down being frugal (I actually always have been since I've never made a lot of money... I've mostly lived overseas and in other circumstances where I lived on very little money). If I'm actually going to be for real about this FIRE thing I have to get my income up.
+
+​
+
+It seems like a very logical and straightforward way to increase income is to just go into sales.
+
+​
+
+But it makes me ask why does it seem like very few people in the FIRE community are in sales? I mean I don't know if I've ever read a post where someone talked about how they worked in sales. Maybe because most people I've met in sales like earning a lot so they can spend a lot and have nice things. A lot of salespeople I've met have nice cars, clothes, watches, downtown condos, etc. Maybe that's a big thing for motivation. Is it maybe for a lot of people in sales living an extravagant lifestyle and just making a lot of money important (and don't share the underlying FIRE values of freedom, etc.).
+
+​
+
+For someone new to FIRE like me it seems like sales is a good option because there is high potential for earning and you don't need professional certificates or a lot of specialized training like a doctor would. I've literally known guys that got a sales job right after getting out of rehab and they were money hungry and hustled their way to 100k a year.
+
+​
+
+So my questions for anyone out there in the FIRE world in sales are:
+
+1. How do you stay motivated every month?
+2. How do you keep a life outside of hitting your numbers? Or do you just overwork no matter what?
+3. Is inside sales in business loans/financial services a good field?
+4. How can you tell bad workplaces (unethical/shady situations) before you get in?
+5. What advice do you have someone who is kind of scared of sales but kind of intrigued/excited at the same time.
+
+​
+
+A little more background about me to speak to question 5 a bit. I'm scared of sales because making money has never been that important to me until this year (and making money seems to be the obvious motivator in sales). I've basically existed outside of the system for my adult life by living in other countries and working in higher ed with scholarships. For a couple years I even lived in Tijuana and worked in San Diego part time so I could have the time to learn Spanish. To put it in perspective the most I've ever made in a year on my social security statement is 17k (not including this year of course). I've worked in other countries so that or less was always enough to live. Doing this allowed me to progress in academics though and I've always been a high performer in things that I worked at. Was on a research team for the European Union, taught some university classes, learned foreign languages, etc. The point is that money was never important. And now that it is important I just saved 30k in 10 months so I think I can make a go of it at sales. it's just that most people in sales are so different from me and have a business background. 
+
+​
+
+Anyway it's been a good first year and I'm just trying to decide what to do next. The easiest thing would be to just stay at this job but my body can't handle the physical toll so I'm out. So maybe sales. Any comments are appreciated.
+You gotta look out now since hospitalities probably raised prices because of the VAT coming back to 20%. Dont understand the math how my Mocha w oat milk became £4.30 because of 20% vat from ~£3.70 but it is what it is. 
+
+Why I got the impression thst all fast food/restaurants +15% VAT will result us in like +£5 every 20 spent ?
+(Opinions very much needed) Im a 19F college student, living with my parents that haven’t been doing good financially. The other day I got freaked out because they didn’t pay the rent on time and we are close to getting kicked out. Me and sister (22) helped them of course, and now we got a notice saying that they haven’t paid the electricity bill either. They left me and sister here with all the mail and worries and they went to Guatemala to sell one of their houses there and to get more money somehow. They make me super anxious because of their irresponsibilities. What should I do, I don’t work much because I’m always in school and I pay for my own school as well so all my money goes to my college funds. I give them what I can to help. I’m so anxious and I just need somebody’s advice, telling me I’ll be okay or what I should do to make things better. I live in Vancouver, Canada.
+Title says it all. When the price gets above 180, it gives apes more confidence. For hedgies, it just makes it harder and harder to keep perpetuating a negative narrative against GME if its going up. 
+
++180 leads to +190 which leads to +200. Yes, price momentum can lead to MOASS. But what it does before that, is it gives us apes cause for cheers, which is good. It gives us something to come together around and lean on. It gets us excited. But as we put our weight behind it - it makes us VULNERABLE too. To me it feels a lot like putting a date on something by saying this. 
+
+181-189 (PROBABLY) DOES NOT EQUAL MOASS. These are just numbers. They are just numbers... Sell walls will be throughout the 180s, a big one will be at 190, and a thicc one will be at 200. But, they are just numbers... All it means, is that we keep buying and hodling.
+
+Stay strong, jack off/flick the bean, whatever - but stay fucking focused. Love yall.
+
+*edited for clarity*
+
+2nd edit:
+Just for clarity on me - I am actually super optimistic right now on GME. The MACD crossover + FTD reactionary monthly spike are AWESOME. And I personally feel like we are at the beginning of an uptrend.
+
+Im just making this post to emphasize that 1) $180 isnt special (I mean come on people, do yall even remember $200? $300!?) 2) its just a lot of posts blocking out potentially helpful content.
+
+Im not trying to party poop!
+Sorry that this doesn't quite fit this sub. But I figure that some of you may have been through a similar scenario.
+
+Basically, I'm being promoted to General Manager of a small-medium sized manufacturing company. The current GM wants to step down but remain with the company in a more limited capacity towards the end of his career.
+
+This is a great company and I know that there is huge growth potential in the medium and even short term. I see many area of improvement from a financial management side and operations side which honestly are not even on the radar of the current GM. He's a good GM in many ways, but is not familiar with formal business administration or managerial accounting. I want to maximize my compensation package obviously, and I figure the only way to do that is to have either a performance bonus or equity stake. It's a private company that is owned by a larger corporation, so equity might be unrealistic.
+
+I should note that I'm almost completely certain that the current GM does not have an equity stake or performance bonus.
+
+Does anyone have any advice for me in general or on the salary negotiation side?
+
+*Edit: It sounds like there is a definite consensus that a minority equity stake in a private company is  not ideal. Thanks for the input!*
+
+*Any thoughts on managing the transition? Remember the old GM will still be at the company. I think everything should be fine with this arrangement based of my experience with him, but what are your thoughts?*
+Old Lady Ape here with another educational post about Direct Registering.
+
+I think it is time that I walked everyone through a document that has been being used to discredit the idea the DRS takes shares out of the DTC or that there is no way to remove ownership of shares from CEDE and Co.
+
+**TLDR: When you DRS your shares the shares are deregistered from the nominee name of CEDE and Co and registered in your name as specified in the 'FAST' contract between the DTC and the transfer agent (Computershare).  The legend on the FAST agreement contract only applies to shares registered to CEDE and Co. not to shares registered in your name.**
+
+I hadn’t planned on doing this because I don’t generally like to get into intellectual discussions with unarmed apes.
+
+But recently some very wrinkly apes have also shown that they are confused by the wording of this document, so I think it is time to go through it with some pictures and crayons in the great Reddit tradition of TACR.
+
+​
+
+[I know you can all read, but some of this stuff is hard!](https://preview.redd.it/9w2ekh09pik81.png?width=551&format=png&auto=webp&s=4afa925af62c95704223168da883a04b50269e87)
+
+Let’s read through this document together. This is a balance certificate agreement that is between the DTC and a transfer agent (also known as a FAST agent)
+
+​
+
+* Source      website: (It is the WC-NC standard agreement)
+
+[https://www.dtcc.com/settlement-and-asset-services/agent-services/fast](https://www.dtcc.com/settlement-and-asset-services/agent-services/fast)
+
+Or here is the PDF link
+
+[https://www.dtcc.com/-/media/Files/Downloads/Settlement-Asset-Services/agent-services/WC-NC-Standard.pdf](https://www.dtcc.com/-/media/Files/Downloads/Settlement-Asset-Services/agent-services/WC-NC-Standard.pdf)
+
+Like any legal document, this agreement starts out by naming the parties involved and the definitions of the terms used within it. Notice this agreement is between the DTC and the transfer agent (Computershare or CS, in our case). This is not a full description of what a transfer agent does. This is just one piece of their job. It does NOT outline the agreement between the transfer agent (CS) and the issuer (Gamestop) or the transfer agent (CS) and an individual (you).
+
+​
+
+[Lets examine these definitions closely](https://preview.redd.it/jidz26lopik81.jpg?width=780&format=pjpg&auto=webp&s=ad8e86d2760b56d0192d8110ac1cbef0fdc5ce2e)
+
+So the Balance certificate is a certificate registered in record ownership to CEDE and CO. This certificate will also provide the proof that the transfer agent must act on behalf of the DTC and also that it is RETAINED by the transfer agent.
+
+Computershare is in actual possession of the certificate that says how many shares of Gamestop are owned by CEDE and CO.
+
+(I marked out the paragraph pertaining to debts and bonds because we aren’t dealing with that here but they are handled much the same way. In general, when you read the term “obligation” as a noun, in THIS document, they are talking about bonds.  You have to know how they are defining each term for each different document because they change the wording very frequently from document to document!)
+
+​
+
+https://preview.redd.it/seq8ak05qik81.jpg?width=784&format=pjpg&auto=webp&s=53cab85a7f7316222d6fcda4b06bc2c5d42ab145
+
+The most important definitions in this section are there at the bottom. “Certificate” and “security” are interchangeable here.
+
+Notice the **2 different kinds of securities “Nominee certificate” and “non-nominee certificate”. Meaning Cede certificate and not-Cede certificate.** That is all they care about here. This does not say that there can’t be any other nominee on a certificate, but that **this contract only cares about the distinction between these two.**
+
+If you want to dive further into definitions I’ve linked the UCC definitions of “security” and “issuer” in the comment sources.
+
+​
+
+[The DTC presents nominee certificates to CS to register a transfer but also non-nominee certificates.](https://preview.redd.it/8aadyyrkqik81.jpg?width=734&format=pjpg&auto=webp&s=a44de97d7d1f1c6dd2bd9ffb3f66f3925d2fe4b0)
+
+If you are reading along, you might ask… wait!!! How can the DTC deliver to CS “non-nominee certificates” (not owned by CEDE)?!?
+
+Let me give you an example:
+
+Grandma has an old paper certificate with 1000 shares of Telephone Co. But she wants to sell them to buy a lambo. Grandma sends that certificate into her broker TDA. TDA sends that certificate to the DTC and the DTC presents that certificate to the Transfer Agent to be registered back into CEDE’s name so grandma can sell her stock.
+
+Now here is where it gets juicy!
+
+[The certificates presented to the transfer agent shall be canceled and reissued with the changes outlined here...](https://preview.redd.it/b8869m62rik81.jpg?width=808&format=pjpg&auto=webp&s=a3c42a31d2938d39520b00bb7718abe4b8c3b371)
+
+Start with the number of shares originally on the Balance certificate
+
+\+ the number of shares presented to be changed from not-Cede to Cede.
+
+\-the number of shares present to be changed from Cede to not-Cede
+
+=the number of shares on the newly reissued balance certificate.
+
+The convoluted way this is said is confusing but it is essential to understanding the next part of the document.
+
+**The new balance certificate has a different number of shares on it than before but ONLY contains the number of shares owned by Cede!** The shares registered out of Cede have been deducted.
+
+​
+
+https://preview.redd.it/opaz5oxhrik81.jpg?width=738&format=pjpg&auto=webp&s=5d55b66af7115d3c09d692b91d4f1cb7bc7f3241
+
+Recall that the balance certificate contains only the number of shares owned by Cede and Co. That balance certificate gets stamped with that legend. Not all certificates!
+
+Even if the balance certificate does not have the legend, the DTC expects the terms of the Legend to be honored on each “such” certificate.
+
+What kind of certificate?
+
+The Balance certificate that only contains CEDE owned shares
+
+In addition, any other certificate that may not be covered by the balance certificate but is “registered in the name of Cede & Co” will also have that legend.
+
+Are shares registered in your name registered in the name of Cede?
+
+No your shares are registered as Non-nominee shares, so they are not included in this list of certificates that are stamped either.