diff --git "a/reddit_finance_43_250k_161.txt" "b/reddit_finance_43_250k_161.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_161.txt" @@ -0,0 +1,10000 @@ + +We would like to FAT FIRE in Phuket Thailand (my wife is Asian (but not Thai) and her family are nearby (but not in Thailand) so we want to stay in Asia and both really love Thailand and believe that we could have a great quality of life there). I appreciate that everyone has a slightly different description of FAT FIRE so I will describe briefly some of what it means to us: + +* Having a very large home (approx. 10,000sq ft) with beautiful furnishings and top of the line appliances +* Having 2 luxury cars (such as Range Rover or Porsche Panamera for example) +* Having at least 2 nice holidays per year in 5\* resorts travelling business class (probably 1 long-haul and 1 in Asia) +* Children all having top private school education +* Comprehensive health insurance from a top provider (such as CIGNA – we don’t need to be treated in the US but coverage for the rest of the world would be good) +* Designer clothes +* Using our home in a relaxed manner – whilst not being wasteful not worrying about whether someone has turned the A?C off in a room every time they leave it +* Having at least two full-time staff to help with running the house, cooking and help with the children +* Being able to eat out regularly at both high-end and mid-range restaurants as and when we want and attend other entertainment as the opportunity presents itself (such as attending a concert in Bangkok) +* Personal trainers for me and my wife both at least 3x per week +* Regular massages +* Fastest available internet, comprehensive international TV, comprehensive cell-phone plan + +We have not lived in Thailand before but are very familiar with it and have lived in other developing countries in Asia so appreciate some of the challenges that brings. + +Unfortunately, when searching for the cost of living in Thailand it is mostly geared towards a budget, relatively modest or middle-middle class standards rather than a fat fire version. + +Due to my nationality and Thailand’s territorial tax system, I believe that, provided I time my remittances correctly, I can retire in Thailand without being liable to pay any income tax on my investments anywhere (except for the rental properties we own). + +In an ideal world, I would like to ensure that my NW at retirement does not decrease in real terms by the time I die. I have created a guesstimate of expenses (using things as Numbeo but then significantly inflating the numbers and where available to me such as school fees have arrived at a pot of $1.5m based on school fees at a top school in Phuket currently being around $60k for 4 children). But much of this is guesswork. + +I used the Mustache Calculator to try to calculate the NW I would need to generate my guesstimated expenses plus $50k buffer and added to that what I would expect start-up costs to be (including house purchase, cars, furnishings and private school fund). + +The budget does have a large amount of discretionary spend for items such as holidays, clothes and gifts which could be scaled back if required. + +**I have set out the guesstimated budget and total retirement pot needed and would welcome Redditors comments on whether it is realistic, whether I have missed any key items and also if people think the total retirement pot would be tight, what amount would be comfortable to meet my objectives (I’m thinking around $20m).** + +**Also, if anyone has any particular views on Fat Fire in Thailand I would also be interested (the summary budget below assumes that we will buy a house but initially we would rent - I am aware of the restrictions on non-Thais owning land).** + +**FAT FIRE PHUKET BUDGET PLANNING** + +| **Household** || +|:-|:-| +|GROCERIES |12,000| +|Cable TV + FASTEST INTERNET |1,500| +|CELL PHONE (Fastest unlimited internet plus international calls) |1,500| +|Gas|2,000| +|ELECTRICITY|5,000| +|WATER|1,000| +|HOUSE COMMUNITY SERVICE FEES|10,000| +|HOUSE INSURANCE|1,000| +|MAINTENANCE/REPAIRS|2,500| +|PETS|1,000| +|2X FULLTIME STAFF (HOUSEKEEPER/NANNY)|20,000| +|**SUB-TOTAL**|**57,500**| +||| +|**MISCELLANEOUS**|| +|TOP FAMILY HEALTH INSURANCE |20,000| +|HOLIDAYS|40,000| +|CLOTHES|40,000| +|DINING OUT|10,000| +|HAIR/BEAUTY CARE|5,500| +|MASSAGES|1,500| +|GYM|1,500| +|PERSONAL TRAINER (2P X 3X PW)|5,000| +|CONCERTS|1,500| +|SPORTS EVENTS|1,500| +|GIFTS (CHRISTMAS, BIRTHDAY, ANNIVERSARY)|45,000| +|CAR MAINTENANCE|1,500| +|CAR INSURANCE|1,500| +|PETROL|4,000| +|**SUB-TOTAL**|178,500| +||| +|**TOTAL ANNUAL SPENDING**|**236,000**| +||| +|Plus $50k buffer on annual spending = |286,000| +|Amount required to generate $286k per year indefinitely (in today's money)(assumes 2.75%SWR, 6% interest and 2.75% inflation) - Using Mustachian calculator|10,400,000| +||| +|**Set Up Costs in Phuket**|| +|**House (assumes $3m purchase price + $200k fees)**|3,200,000| +|**Cars and furniture**|500,000| +|Lump Sum to pay for private School Education|1,500,000| +|**TOTAL SET UP COSTS**|**5,200,000**| +||| +|**TOTAL REQUIRED RETIREMENT POT**|**15,600,000**| +Look, i get it, these are unpredictable times, but im in Fast 5 and Dollar Ace for paying $1,700, money that i could put into my account and go from there, but no, i decide to buy his service to have him as a mentor, once ure enrolled, all he does is promote his other services (which btw, he has like 10) i guess dividing his attention among 10 services is too much to handle cuz he’s been losing a lot of trades, and therefore we lose as well, his mentorship is useless... he sends u alerts once the price has already gone up, also looks like he’s failing soooo much that he decided to give his “scanner” so people can see the alerts and decide on which trade to jump in, the ones they win he’s gonna brag about, and the (many) ones they lose, that’ll be on them... Super Disappointed... dont waste ur money, they stay profitable cuz they already have tons of money... and i they know a little, and theyre hella lucky, but they wont help u grow ur account... +I think I understand the basic premise, that you can set up an order to save you from some losses in the case that you aren't actively monitoring the market and your portfolio, but I have some questions that I haven't found answers for in this sub. + +Why are there two different prices, the Stop and the Limit? I understand the Limit order is the price you would like to sell at, but I don't really understand the purpose of the Stop order. It activates the Limit? Why not just submit a Limit order and be done with it? + +Secondly, I always see Stop-Limit Orders being referenced in the context of selling shares to protect your losses, but I'm wondering about other uses for them. Can they be used to sell shares when the price goes up to your specified limit to automatically cash out at a price you would be happy with, eg. If this stock price goes up by 10% sell X amount of my shares? + +Do people here use these order types? Are they useful? Are there any useful strategies for using them or considerations you think are worth noting? +Fully understanding that this is partially politics, but this would have a drastic effect on the markets. Trump has used bankruptcies to help his companies in the past and it looks like he wants to bring that mentality to the US government, what effect would this have on the markets? What tools could he actually use to implement this? + +https://www.cnbc.com/2019/09/11/trump-says-fed-boneheads-should-cut-interest-rates-to-zero-or-less-us-should-refinance-debt.html +I see no point in leaving money sitting on a savings account or some money market fund fund when it could be earning real interest. Can someone tell me what i’m missing? + +Liquidity wise, it takes less than 1 week to close a position and transfer from my brokerage to my bank account. + +Regarding volatility, yes I could be selling on a bear market. But for anyone that’s in long-term, as long as you don’t zero out (i.e. total market breakdown), it doesn’t matter and having your rainy day funds invested would get you better return. + +Currently, all my savings go into a brokerage account. I keep an eye on my credit card debts and make sure I have enough on the bank to cover for that. Anything above that gets invested +Hi everybody! + + + + + + + +I just arrived to the US to work for a company here. I have almost 40yo, I wonder is it worth to start at this age with 401k. + + + + + + + +Will I benefit from it in the future or will be better to use that money on something else? + + +EDIT: + +Wow, a lot of comments. Thank you all! +I thought this was an interesting article on the psychology of saving and investing. I think a lot of people maybe fall into this group of people who save money due to the potential unknowns of the future (kids, house, lower salary) but invest because they see a world in the future that is more robust and better than where we are today. + +https://www.collaborativefund.com/blog/save-like-a-pessimist-invest-like-an-optimist/ +I've been thinking a lot again about overfitting after reading [this](https://www.reddit.com/r/algotrading/comments/hyvzq1/the_4th_way_of_algorithmic_trading_signal/) post from a few days ago where the OP talked about the parameterless design of their strategy. Just want to get my thoughts out there. + +I've been down the path of optimization through the sheer brute force of testing massive amounts of parameter combinations in parallel and picking the best parameter combo, only to find out in later on that the strategy is actually worthless. It's still a bit of a struggle, and it's not fun. + +I'd like to try to make an illustrative example of what overfitting is. Gonna keep it real simple here so that the concept is clear, and hopefully not lost on anyone. Many here seem unable to grasp the concept that their trillion dollar backtest is probably garbage (and likely also for reasons other than overfitting). + +# The Scenario + +16 data points were generated that follow a linear trend + normally distributed noise. + +*y = x + a random fluctuation* + +Let's pretend that at the current point in time, we are between points 8 & 9. All we know is what happened from points 1 to 8. + +&#x200B; + +https://preview.redd.it/negat8d0nwd51.png?width=1712&format=png&auto=webp&s=6369bda8baab6899f15dae000b89f8a04b984581 + +Keep in mind that in this simple scenario, this equation is 'the way the world works.' Linear trend + noise. No other explanation is valid as to why the data falls where it does, even though it may seem like it (as we'll see). + +# Fitting The Model + +Imagine we don't know anything about the data. We would like to try to come up with a predictive model for *y* going forward from point 8 (...like coming up with a trading strategy). + +Let's say we decide to fit a 6th order polynomial to points 1-8. + +This equation is of the form: + +y = ax^(6) \+ bx^(5) \+ cx^(4) \+ dx^(3) \+ ex^(2) \+ fx^(1) \+ gx^(0) + +We have a lot of flexibility with so many parameters available to change (*a-g*). Every time we change one, the model will bend and deform and change its predictions for *y*. We can keep trying different parameter combinations until our model has nearly perfect accuracy. Here's how that would look when we're done: + +https://preview.redd.it/zk7aamax4wd51.png?width=1712&format=png&auto=webp&s=0ae526045b34af28d9cfbedbba5f5770be110a1f + +Job well done, right? We have a model that's nearly 100% accurate at predicting the next value of *y*! If this were a backtest, we'd be thinking we have a strategy that can never lose! + +Not so fast... + +# Deploying the Model + +At this point we're chomping at the bit to start using this model to make real predictions. + +Points 9-16 start to roll in and...the performance is terrible! So terrible that we need a logarithmic y-axis to even make sense of what's happening... + +[log y-axis](https://preview.redd.it/rie7q4x6iwd51.png?width=1712&format=png&auto=webp&s=9b868745256cf5a1d9b03273e08178f4b36b7899) + +[linear y-axis](https://preview.redd.it/j1sats89iwd51.png?width=1712&format=png&auto=webp&s=73ad9ae3197c82dc244716c54d9154173db94af9) + +# What Happened? + +The complex model we fit to the data had absolutely nothing to do with the underlying process of how the data points were generated. The linear trend + noise was completely missed. + +**All we did was describe one instance of how the random noise played out. We learned nothing about 'how the world actually works.'** + +This hypothetical scenario is the same as what can happen when a mixed bag of technical indicators, neural networks, genetic algorithms, or really *any* complex model which doesn't describe reality is thrown at a load of computing power and some historical price data. You end up with a something that works on *one* particular sequence of random fluctuations that will likely never occur in that way ever again. + +# Conclusion + +I'm not claiming to be an expert, and I'm not trying to segue this into telling you what kind of a strategy you should use. I just hope to make it clear what overfitting really is. And maybe somebody much smarter than me might tell me if I've made a mistake or have left something out. + +# Also note that overfitting is not exclusive to stereotypical machine learning algorithms. Just because you aren't using ML doesn't mean you're not overfitting! + +It's just much easier to overfit when using ML. + +[Overfitting](https://en.wikipedia.org/wiki/Overfitting): + +>In statistics, **overfitting** is "the production of an analysis that corresponds too closely or exactly to a particular set of data, and may therefore fail to fit additional data or predict future observations reliably".[\[1\]](https://en.wikipedia.org/wiki/Overfitting#cite_note-1) An **overfitted model** is a [statistical model](https://en.wikipedia.org/wiki/Statistical_model) that contains more [parameters](https://en.wikipedia.org/wiki/Parameter) than can be justified by the data. + +And since Renaissance Technologies is often a hot topic around here, here is a gem I came across awhile ago, and think about quite often. You can listen to former RenTec statistician Nick Patterson saying the below quote [here](https://omny.fm/shows/talking-machines/ai-safety-and-the-legacy-of-bletchley-park?t=29m54s)...audio starts at the beginning of the quote: + +>Even when the information you need is sitting there right in your face, it may be difficult to actually understand what you should do with that. +> +>So then I joined a hedge fund, Renaissance Technologies. I'll make a comment about that. It's funny that I think the most important thing to do on data analysis is to do the simple things right. +> +>So, here's a kind of non-secret about what we did at Renaissance: in my opinion, our most important statistical tool was simple regression with one target and one independent variable. It's the simplest statistical model you can imagine. Any reasonably smart high school student can do it. Now we have some of the smartest people around, working in our hedge fund, we have string theorists we recruited from Harvard, and they're doing simple regression. +> +>Is this stupid and pointless? Should we be hiring stupider people and paying them less? And the answer is no. And the reason is, nobody tells you what the variables you should be regressing \[are\]. What's the target? Should you do a nonlinear transform before you regress? What's the source? Should you clean your data? Do you notice when your results are obviously rubbish? And so on. +> +>And the smarter you are the less likely you are to make a stupid mistake. And that's why I think you often need smart people who appear to be doing something technically very easy, but actually, usually it's not so easy. +I've been thinking a lot again about overfitting after reading [this](https://www.reddit.com/r/algotrading/comments/hyvzq1/the_4th_way_of_algorithmic_trading_signal/) post from a few days ago where the OP talked about the parameterless design of their strategy. Just want to get my thoughts out there. + +I've been down the path of optimization through the sheer brute force of testing massive amounts of parameter combinations in parallel and picking the best parameter combo, only to find out in later on that the strategy is actually worthless. It's still a bit of a struggle, and it's not fun. + +I'd like to try to make an illustrative example of what overfitting is. Gonna keep it real simple here so that the concept is clear, and hopefully not lost on anyone. Many here seem unable to grasp the concept that their trillion dollar backtest is probably garbage (and likely also for reasons other than overfitting). + +# The Scenario + +16 data points were generated that follow a linear trend + normally distributed noise. + +*y = x + a random fluctuation* + +Let's pretend that at the current point in time, we are between points 8 & 9. All we know is what happened from points 1 to 8. + +&#x200B; + +https://preview.redd.it/negat8d0nwd51.png?width=1712&format=png&auto=webp&s=6369bda8baab6899f15dae000b89f8a04b984581 + +Keep in mind that in this simple scenario, this equation is 'the way the world works.' Linear trend + noise. No other explanation is valid as to why the data falls where it does, even though it may seem like it (as we'll see). + +# Fitting The Model + +Imagine we don't know anything about the data. We would like to try to come up with a predictive model for *y* going forward from point 8 (...like coming up with a trading strategy). + +Let's say we decide to fit a 6th order polynomial to points 1-8. + +This equation is of the form: + +y = ax^(6) \+ bx^(5) \+ cx^(4) \+ dx^(3) \+ ex^(2) \+ fx^(1) \+ gx^(0) + +We have a lot of flexibility with so many parameters available to change (*a-g*). Every time we change one, the model will bend and deform and change its predictions for *y*. We can keep trying different parameter combinations until our model has nearly perfect accuracy. Here's how that would look when we're done: + +https://preview.redd.it/zk7aamax4wd51.png?width=1712&format=png&auto=webp&s=0ae526045b34af28d9cfbedbba5f5770be110a1f + +Job well done, right? We have a model that's nearly 100% accurate at predicting the next value of *y*! If this were a backtest, we'd be thinking we have a strategy that can never lose! + +Not so fast... + +# Deploying the Model + +At this point we're chomping at the bit to start using this model to make real predictions. + +Points 9-16 start to roll in and...the performance is terrible! So terrible that we need a logarithmic y-axis to even make sense of what's happening... + +[log y-axis](https://preview.redd.it/rie7q4x6iwd51.png?width=1712&format=png&auto=webp&s=9b868745256cf5a1d9b03273e08178f4b36b7899) + +[linear y-axis](https://preview.redd.it/j1sats89iwd51.png?width=1712&format=png&auto=webp&s=73ad9ae3197c82dc244716c54d9154173db94af9) + +# What Happened? + +The complex model we fit to the data had absolutely nothing to do with the underlying process of how the data points were generated. The linear trend + noise was completely missed. + +**All we did was describe one instance of how the random noise played out. We learned nothing about 'how the world actually works.'** + +This hypothetical scenario is the same as what can happen when a mixed bag of technical indicators, neural networks, genetic algorithms, or really *any* complex model which doesn't describe reality is thrown at a load of computing power and some historical price data. You end up with a something that works on *one* particular sequence of random fluctuations that will likely never occur in that way ever again. + +# Conclusion + +I'm not claiming to be an expert, and I'm not trying to segue this into telling you what kind of a strategy you should use. I just hope to make it clear what overfitting really is. And maybe somebody much smarter than me might tell me if I've made a mistake or have left something out. + +# Also note that overfitting is not exclusive to stereotypical machine learning algorithms. Just because you aren't using ML doesn't mean you're not overfitting! + +It's just much easier to overfit when using ML. + +[Overfitting](https://en.wikipedia.org/wiki/Overfitting): + +>In statistics, **overfitting** is "the production of an analysis that corresponds too closely or exactly to a particular set of data, and may therefore fail to fit additional data or predict future observations reliably".[\[1\]](https://en.wikipedia.org/wiki/Overfitting#cite_note-1) An **overfitted model** is a [statistical model](https://en.wikipedia.org/wiki/Statistical_model) that contains more [parameters](https://en.wikipedia.org/wiki/Parameter) than can be justified by the data. + +And since Renaissance Technologies is often a hot topic around here, here is a gem I came across awhile ago, and think about quite often. You can listen to former RenTec statistician Nick Patterson saying the below quote [here](https://omny.fm/shows/talking-machines/ai-safety-and-the-legacy-of-bletchley-park?t=29m54s)...audio starts at the beginning of the quote: + +>Even when the information you need is sitting there right in your face, it may be difficult to actually understand what you should do with that. +> +>So then I joined a hedge fund, Renaissance Technologies. I'll make a comment about that. It's funny that I think the most important thing to do on data analysis is to do the simple things right. +> +>So, here's a kind of non-secret about what we did at Renaissance: in my opinion, our most important statistical tool was simple regression with one target and one independent variable. It's the simplest statistical model you can imagine. Any reasonably smart high school student can do it. Now we have some of the smartest people around, working in our hedge fund, we have string theorists we recruited from Harvard, and they're doing simple regression. +> +>Is this stupid and pointless? Should we be hiring stupider people and paying them less? And the answer is no. And the reason is, nobody tells you what the variables you should be regressing \[are\]. What's the target? Should you do a nonlinear transform before you regress? What's the source? Should you clean your data? Do you notice when your results are obviously rubbish? And so on. +> +>And the smarter you are the less likely you are to make a stupid mistake. And that's why I think you often need smart people who appear to be doing something technically very easy, but actually, usually it's not so easy. +Personally, I’m struggling to understand how it’s having such a massive sell off with companies expecting decade-high quarters. Then again, I’m biased because I’m down 11% with CVE and pretty concerned. Not going to lie, I totally chased the hype. I figured oil would be strong for the next couple quarters at least but now recessions fears seem to be corrupting that possibility. What do you guys think? What would you do if you were me? +We weren't broken up at the time. We had been together for years and were getting married the following summer...until he cheated. Since we had the house over our heads, we tried to work it out, and I supported him through some really rough months. He then decided he wasn't in love with me and didn't know if he ever was. We are only a couple of years into owning the house and have built up pretty much zero equity. I realize that I made a ton of mistakes, but I am trying to get through this with the least amount of pain. + +Here's the problem: he's still on the mortgage, and I have no idea what to do. I looked into refinancing, but rates are higher than when we bought. With fees and interest,it would add $30,000 on to what I'm paying. I looked into assuming the loan, which I did qualify for, but they are charging $11,000 in fees, which I do not have. I contacted a realtor about selling the house, which I absolutely do not want to do (I have put an immense amount of work into the upkeep of the house after a few issues came up), but they said that I would lose a ton of money at this point (around $20,000). As far as renting goes, I do not have the finances available to get it into rental quality. I also have a job that prevent me from having the time or money to deal with having renters. + +I'm feeling pretty trapped. I don't really have the money to stay or go, and my ex is not helpful in this situation at all. He does not have any money or effort to contribute. I'm hoping someone out there can spot a way that I can get through this somewhat intact. + + +EDIT: After several of you pointed out how obscene the $11k assumption price was, I contacted my mortgage company again. They admitted their mistake, and dropped $8k from that price, which means I can afford it. Thanks for all of the assistance! +Two weeks ago my life drastically changed. Let's say that I went to a job "preparation course". I don't want to reveal anything else, so let's stick with that. In there I was basically locked in with my co-workers for hours and hours straight, while having classes and things like that. + +All of a sudden, while we are on a break, I start hearing people chatting about crypto, all started with someone saying "Ah better to invest in DogeCoin, I heard that it's hot right now", I continued to listen as I had nothing better to do. "Yes..." - Replied and continued another guy "... I've seen that I guy bought a pizza for eleven thousand BTC and now it's worth Millions". + +It was a shock to me. Not the fact that they were talking about crypto, but that they are SO BEHIND in terms of news about crypto, they were basically lagging 5 to 7 months in time. + +And that is the reality as it seems (I live in Portugal), I joined the conversation, whitout revealing that I'm invested in it myself. As soon as I tried to generally describe how crypto works, they were astonished. There are Stores that accept crypto? What? Impossible. A Country accepts it as legal tender? No way. + +I stopped talking about after a bit, as I don't want anyone to know that I invest in crypto at all, but in the time that I did, I understood that we are still far from general adoption. I think the fact that we spend so much time researching crypto, makes us forget that other people have no time at all to do the same, so the only information that they get are recycled news. +So I lost about 10k+ this week. 3k on a tsla put debit spread, a couple hundred on a tesla call credit spread, and 7k (likely more on market open) on a mrna csp. + +why did i make these plays? well i was doing just fine selling weekly csp’s on tsla until the stock decided to explode and i didn’t have enough capital to run that play anymore and needed a new strategy. + +i would read on here about 45dte but it didn’t make sense to me. when i was losing money buying weekly calls and puts, it was theta that was fucking me. so if i’m in the opposite side of the transaction, logically, why wouldn’t i only sell weeklies? throughout the period of me selling tsla csps i had a 80%+ success rate and made around 25k. clearly i have more understanding of theta than the half-wits @ r/thetagang + +new play #1: try playing option spreads + +couple weeks ago i opened a 4dte 1050/1000p debit spread on tsla when it hit around $1025. it’s rsi was in the high 80’s. i thought there was no way it could sustain that momentum. yet the green dildos just kept coming and coming. unbelievable. i ended up taking the maximum loss on that spread. then last week i opened a 5dte 1130/1125c credit spread. what was i thinking with a put debit? call credit is the real r/thetagang play. again, even more ridiculous green dildos even at 90+ rsi. + +now over the weekend elon musk decides to create the poll about whether he should sell 10% of his shares in tsla, to which he lost. and then on top of that news came out that his brother recently sold over $100m worth of tsla shares this week. this news being a major catalyst for a correction in tsla this week. if i had not been opening weekly bearish positions and had done a single 45dte position, not only would i not of lost money, but if tsla drops this week which it probably will, i would of made money. opening my eyes to the margin of safety 45dte gives you. + +new play #2: sell weekly csp on another high IV stock + +idk if 45dte would have saved me much here but i sold a 5dte 300p on mrna. i didn’t do much research here honestly. i didn’t even know it was earnings week. i just saw a high iv & having been so spoiled by winning tsla weekly puts non-stop i figured it couldn’t go tits up. lost $7k+ trying to make a measly $300. + +now i have no idea what i’m gonna do for plays because spreads have left a bad taste in my mouth and so have selling csps on random high iv stocks. but anyways thanks for this board i’ve learned a lot being here. + +inb4 “it works until it doesn’t” + +inb4 something something pennies/steam roller +Seriously, I go down 15% in a day and back up the day after, over and over. + +I don’t feel a thing at this point and I believe that’s the right mindset, so thank you I guess? + +Main Positions: 100 PLTR @24, 100 CRSR @45, 100 IPOF @15, 25 NIO @65 (yes I bought the absolute fucking top in January) + + +Cohen securing the chairman's seat was widely applauded as good news- so why didn't we launch today? + +The answer is simple: our institutional holders didn't want to launch quite yet. Face it, even if retail owns the entire float, we can't generate the kind of trading volume needed to launch this 🚀 . We're hodling but we're not mission control. We don't get to push the big red button. Why? Because we simply can't generate the volume. + +Of the last 60 days of trading, we've had 29 days in the green and 31 days in the red. Of those 60 days, only 9 of them have had a volume under 10 million. Of those 9 days, **six occurred over the last 7 trading days.** Volume is lower than my wife's standards (after all, she married an ape!). + +As Chad Kroeger might sing, 🎶LOOK AT THIS \[photo\]-GRAPH🎵 + +&#x200B; + +https://preview.redd.it/nl9e3xopu1s61.png?width=987&format=png&auto=webp&s=79ff223bcc09988f515acf091d394e80343a5f63 + +&#x200B; + +https://preview.redd.it/drfvdfcru1s61.png?width=985&format=png&auto=webp&s=625a373fdcdbb45f2a4a4b2dc4a86096a37945fb + +Is it sinking in yet? There may be 10 million of us apes out there holding tight but we're not the ones driving the volume needed to take us to the moon. Not all of us can buy more shares, and many of us who are buying the juicy dip can only afford a handful of additional shares at a time. It's not our job to drive up volume to over 50 million. **We literally can't do it.** So what **is** our job then? You know the answer. + +&#x200B; + +https://preview.redd.it/bnz3vxvtu1s61.png?width=735&format=png&auto=webp&s=89464a0c729a6597d6c0ef331dd8b36d00c78db5 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm 24. I have no highschool diploma due to dropping out of school to care for my disabled mother. We live off of my mother's income which is roughly $2,300/month and enough to survive off of, but we can't find an apartment due to her poor credit (credit score is around 580, but a recent eviction is the main bottleneck here). + +We've been homeless since July of this year and have been living in tents and couch surfing to survive while repeatedly being denied at any apartment we apply to, draining our money into application fees. I'm tired and feel lost and helpless to get out of this situation on my own. I had a job, but wasn't able to make it to work after my car broke down and I was unable to fix it. + +My goals for the future are to get my mother in a stable enough situation for me to comfortably leave her and get my own. I'd like to get my GED and possibly find higher education if it's an option financially. I'd like to build up my credit and earn enough money to live on my own while still living with my mom and using that time to save whatever money I can. I just have no idea where to start. I haven't been taught any financial literacy and neither was my mom. My mom is considering moving to a state with a lower cost of living and less steep move-in requirements, but that would be at the cost of being near family and possible career and education opportunities that I would like to pursue. I think we should start by contacting our last landlord and making a payment plan on our debt to try and improve our credit and get that prior eviction off of our credit record, but this seems like a more long-term plan than would be beneficial for us in the moment since we're in need of immediate housing, especially with a 6, 7 and 14 year old all depending on us. + +I guess I just want to get an idea of a game plan for going forward from this. I have no idea where to start and everything I've been trying has just pushed me deeper into this hole and I'm feeling lost and incredibly depressed. I just need help. + +If it's helpful for your advice at all I live in New Hampshire but am interested in living in either New Hampshire or Massachusetts, possibly Maine if it's nearer the New Hampshire border. + +Edit: I just wanted to say that when I first posted this thread I was on the verge of tears, and some of the responses here show a really depressed side of myself that I'm trying to not let take over in this situation, but after hearing back from so many people eager to help me I feel a lot better than I was a few hours ago. Thank you everyone who has contributed to this. It means a lot to me. + +I have a cold that I'm fighting and I'm pretty exhausted, so I'm going to go to sleep, but please keep messaging and I'll get back to everyone in the morning. Thank you all again for the advice. Even those who can't offer specific advice, just the moral support means a lot to me. +Many, if not most people see technical analysis akin to astrology. And that's fine, but with perspective, I do believe TA can be used to help us identify what is *more likely* to happen in the future. + +Unfortunately, the news is not good. I want to see massive gains as much as anybody, but I can not deny the obvious signs that another big dump could be on the way very soon. + +Here are some of the examples: + +The daily timeframe has been stuck in this descending triangle of resistance and support since May. Every day, the range has got tighter and tighter. We have bounced off the line of resistance seven times, and each time been rejected. A descending triangle is *more likely* to result in a break to the downside. + +[Daily Descending Triangle](https://preview.redd.it/6vvmq3lybiu91.png?width=1492&format=png&auto=webp&s=30a6c6c6c792133ececd023f413613526ef6c1de) + +Even on the 2H chart, zoomed in, you can see the constant rejections of the past 24 hours off the resistance line. + +[2H Descending Triangle](https://preview.redd.it/75brjczeciu91.png?width=1491&format=png&auto=webp&s=f78ee60f1d2566f15740798a278bbbe8c6aa9c41) + +&#x200B; + +If you compare the descending triangle some historic data, you can see the descending triangle forced the price tighter and tighter into the range. Eventually, after several weeks, this resulted in another move down. + +[2018 vs 2022 Weekly descending triangle.](https://preview.redd.it/p0xtzl8qciu91.png?width=2520&format=png&auto=webp&s=4d8deddb268436dcb064a6ffb540372867464321) + +&#x200B; + +As I said, I of course do not want see us drop further. This past year has been brutal. Is buying or selling now a risk? Yes. Could we break to the upside? Yes. Do I know anything? LOL, No. + +But I am preparing just in case. Are you in a headspace that is ready to see a big drop very soon? + +&#x200B; + +EDIT: Jesus. 7 downvotes and an award in the first ten minutes. WTF? This sub is so weird... +I am a terrible compulsive shopper who uses spending to cope with crippling depression. Been sending you extra money to mom (don’t judge me) to hold on. Today she texted me that we reached 10k!! I never saved that much before! I’m grateful for my mom to hold on to her old ass 29 year old’s money. Next step is saving on my own. + +I guess it’s the little things! +# ~~ Activision Blizzard vs Electronic Arts ~~ + +>I want to add to my portfolio a **gaming company**, so I decided to take a closer look at the gaming giants - **Electronic Arts and Activision Blizzard**, I decided to choose ***only one*** because I want to keep my exposure levels to this sector to a minimum. + +&#x200B; + +>*Feel free to agree / disagree with my research + My personal opinion will be added to the 1st comment.* \*\****resources note***\*\* \~ *At the bottom of the post !* + +***Intro:*** + +>In my opinions both companies are very interesting, on the **EA** side, you will find many beloved games such as: *FIFA, MADDEN, UFC, NHL, BATTELFIELD, MEDAL OF HONOR,* etc… (**Fun fact**: FIFA 21 for sold 325 million copies!) +> +>But on the **ATVI** side you may find games like : *CALL OF DUTY ( Modern Warfare 2 sold* ***25.02 Million*** *copies) CRASH BANDICOT, WORLD OF WARCRAFT, DIABLO, CANDY CRASH,* etc… + +&#x200B; + +***So, lets dig into the financials!*** + +# > Financial Comparison- (2020 + 2021) + +***\~ Companies overview \~*** + +Market cap: $64.106B (**ATVI**) VS $40.678B (**EA**) + +&#x200B; + +&#x200B; + +Revenues (2020): $8.09B (ATVI) VS $5.54B (EA) + +[Revenues Profit comparison - jika.io](https://preview.redd.it/8kbb847c2ik71.png?width=1158&format=png&auto=webp&s=544836bcd5d6b6b789907682a33b886be8e81cc8) + +&#x200B; + +Cost of Revenues (2020): $2.26B (ATVI) VS $1.37B (EA) + +[Cost of Revenues Profit comparison - jika.io](https://preview.redd.it/fxj5nsxw2ik71.png?width=1137&format=png&auto=webp&s=73e1ea9601935c48e444629f313629bd0281b91c) + +Gross Profit (2020): $5.83B (ATVI) VS $4.17B (EA) + +[Gross Profit comparison - jika.io](https://preview.redd.it/yos781lh2ik71.png?width=1151&format=png&auto=webp&s=2eca5a6c692e8cde108ab2fe8d2d2b649e1f223e) + +&#x200B; + +&#x200B; + +***\~ Key metrics comparison \~*** + +Revenue per share (2020): $10.96 (ATVI) VS $18.90 (EA) + + +[Revenue per share comparison - jika.io](https://preview.redd.it/1k74hb765ik71.png?width=1100&format=png&auto=webp&s=b509b839d5d4f743296da4c9feed47667bc2cb5e) + +Net Income per share (2020): $2.84 (ATVI) VS $10.37 (EA) + +[Net Income per share comparison - jika.io](https://preview.redd.it/ru94wk275ik71.png?width=1127&format=png&auto=webp&s=00bd5ed29c24b9ee3b169d02922a282dfda0e7c3) + +Cash per share (2020): $11.19 (ATVI) VS $19.57 (EA) + +[Cash per share comparison - jika.io](https://preview.redd.it/p2jckpt75ik71.png?width=1212&format=png&auto=webp&s=bbca747005d37e5a1212e04d8ea466fd3f3e95c1) + +&#x200B; + +**\~** ***Ratios comparison \~*** + +Gross Profit margin: **2019** 67.73%, **2020** 72.05% (ATVI) VS **2019** 73.29%, **2020** 75.28% **(EA**) + +[Gross Profit margin comparison - jika.io](https://preview.redd.it/j3g2o8b95ik71.png?width=1116&format=png&auto=webp&s=350a41193f51ebdb90544122a1a1ef70fcf265ad) + +&#x200B; + +Net Profit margins (2021): 29.17% (ATVI) VS 14.87% (EA) + +[Net Profit margin comparison - jika.io](https://preview.redd.it/600oo4wa5ik71.png?width=1105&format=png&auto=webp&s=63e03d23c2818d3157d02f4b3ecbcca139e9ca6e) + +&#x200B; + +Return on equity (2021): 17.72% (ATVI) VS 10.68% (EA) + +[ROE comparison - jika.io](https://preview.redd.it/eafp8y1c5ik71.png?width=1112&format=png&auto=webp&s=93e3ae72dca32071f8da781c4aad1d42d90228fd) + +&#x200B; + +&#x200B; + +\~ *Balance sheet comparison \~* + +&#x200B; + +Short Term debt (2020): $25M (ATVI) VS $600M (EA) + +[Short Term debt comparison - jika.io](https://preview.redd.it/y7d7y65d5ik71.png?width=1123&format=png&auto=webp&s=710cf03c4f955affeef7100374a93dee2516a145) + +long Term debt (2020): $3.60B (ATVI) VS $0.40B (EA) + +[long Term debt comparison - jika.io](https://preview.redd.it/0autbbld5ik71.png?width=1174&format=png&auto=webp&s=e8e98c3c1f4722052f8edf876fa4f70d7fa93b53) + +&#x200B; + +Cash and cash equivalents (2020): $8.65B (ATVI) VS $3.77B (EA) + +[Cash and cash equivalents comparison - jika.io](https://preview.redd.it/vx8g8l8e5ik71.png?width=1127&format=png&auto=webp&s=ab3bc47bd0820afcb04ba7688e16dc51391000f7) + +# ~ Growth analysis ~ + +>*The growth analysis is a* ***quarterly*** *comparison between 2019 to 2020 financials results- (* ***last quarter*** *reported).* + +&#x200B; + +Revenue growth: 0.92% (ATVI) VS 15.23% (EA) + +[Revenue growth comparison - jika.io](https://preview.redd.it/408wuq2f5ik71.png?width=1114&format=png&auto=webp&s=9a7096543900b8f519e79e8c41add2baba3b94e8) + +&#x200B; + +Gross Profit growth: 20.35% (ATVI) VS 2.59% (EA) + +[Gross Profit growth comparison - jika.io](https://preview.redd.it/v1yaovpf5ik71.png?width=1119&format=png&auto=webp&s=1c6a42da306d5d56c4711cabfe32b72df7d24a89) + +EPS growth: 41.44% (ATVI) VS 172.44% (EA) + +[EPS growth comparison - jika.io](https://preview.redd.it/59h9lw6g5ik71.png?width=1124&format=png&auto=webp&s=4dc6614407780c318400a9188457efad30685bb4) + +Net income growth: 46.17% (ATVI) VS 198.23% (EA) + +[Net income growth comparison - jika.io](https://preview.redd.it/u004qzsg5ik71.png?width=1111&format=png&auto=webp&s=3eb9f2a5a5d69430a06ae87deadeb74dd07abdee) + +&#x200B; + +R&D expanses growth: -5.10% (ATVI) VS 10.04% (EA) + +[R&D expanses growth comparison - jika.io](https://preview.redd.it/b2bsodah5ik71.png?width=1116&format=png&auto=webp&s=e502599623cf6d72f6b22880a1313e03294d1865) + +# ~ Analysts Comparison ~ + +***ATVI***: Based on **17** Wall Street analysts – **15 Buy** 2 hold 0 sell + +**Estimates** – low: $100, Average: $114.25, High: $125 + + +[ATVI analyst rank - tipranks ](https://preview.redd.it/pse8chhi5ik71.png?width=1068&format=png&auto=webp&s=bb517adcdc536f52768994bcc639d1fa73f2b20e) + +***EA***: Based on 21 Wall Street analysts – **17 Buys** 4 hold 0 sell + +**Estimates** – low: $148, Average: $172.10, High: $195 + + +[EA analyst rank - tipranks ](https://preview.redd.it/sjxthtnk5ik71.png?width=1063&format=png&auto=webp&s=24e9e81a3dd9d95b5345de2351dc1f76c76bde47) + +# Number of employees Comparison + +> +why this is important ? recruiting employees growth indicated that the company still looking to grow revenues, expend to different locations, releasing new products.On the other hand, companies that layoff employees, trying to move to more lean business model, expanding their operations is not their first priority anymore. + +**2020 –** 9.50K (ATVI) VS 11K (EA) + +&#x200B; + +[ATVI vs. EA Number of employees Comparison - CNN.COM](https://preview.redd.it/r904h3mq5ik71.png?width=3200&format=png&auto=webp&s=66c724c37ad80c9036dfcfd7fc753c3b453ee887) + +# My Conclusion + +>Both companies show an extensive growth, whether its financial or popularity among their fan base, but after considering all factors, **Activision Blizzard has the upper hand**. +> +>Even though, it may seems that EA release more games then ATVI, has a diverse library of successful games. +> +>moreover, after looking at both companies financials and growth indicators, it appears that ATVI's revenue growth is much stronger than EA's, and with a bigger gross profit to be considered .. my winner is definitely **Activision Blizzard** + +&#x200B; + +***\*\* Resources list \*\**** +[JIKA.IO](https://JIKA.IO) \- Financial Comparison +tipranks - Analysts data +[FINVIZ.COM](https://FINVIZ.COM) \- companies stats + [cnn.com](https://cnn.com) \- employees numbers +I'm working with roughly 60k and have been wheeling single contracts of MSFT on a more or less 14 DTE timeline. It's been working great, I've only been assigned twice but MSFT is an excellent stock so it always bounces back and I make a profit. + +That said, I want to take full advantage of the 60k and am looking to step up my game. I'd like to add SQ and ABNB to my wheel and move the contracts out to 60 DTE and sell at 50% profit. I've done some rough calculations and have come up with about $1,200/month expected profit. + +At first glance this seems low from what I've read from other members. What am I doing wrong? Is there another way to pump up my monthly income numbers? +****update**** I’ve looked at the option chain for several tickers and large quantities of puts have been placed/added right under max pain this week which I believe are manufacturered dumps through the option market. I think big dumps coming across across the market and OTM the money puts will be ITM by end of day. BIG DUMP. ***Please don’t trade options on max pain. Option chain gives us a prediction of how the day might play out and looking deeper into the option chains should be done before buying options.*** I’m not giving financial advice + +I’ve spent the last several weeks staring at different stocks in active trader and I believe the entire market is illiquid. EVERY. SINGLE. STOCK. After watching charts and option chains for very high volume tickers like Apple, Tesla and Ford (and others that experience big spikes and drops), all prices move back to “max pain” for the week. Apple max pain this week is 172.50. I’ve watched all week - stock under 172.50 it will move up. Stock above 172.50 it will move back down. Stock will end the week at max pain so the least amount of options trigger. The lower the better, less shares have to be found. + +I believe all this is done through the option chain, option creation and execution by market makers algorithms. To keep the market “liquid”. It’s why we see huge swings in Tesla. There are no shares. + +We also see huge swings in the morning, afternoon or other random times in the entire market. It shoots straight up, why? It’s dipping too low and too close to the danger zone which would trigger a high volume, rapid sell off bc a high volume of puts will begin to auto exercise (dumping the price lower and loss of paper collateral). Shoots straight down? Calls begin auto exercising through algos shooting the price higher and higher. Can’t have that bc there are no shares available to deliver. + +Some additional thoughts: + +Maybe the algos were turned up during the pandemic crash bc if it didn’t another world economic crash. It’s why it just keeps climbing and climbing? Using leverage through options to prop the stock market back up? + +We might see AH price moves based on close price in relation to “max pain”. Maybe they are covering or rebalancing/creating new options. + +Any outside influence/news/buying shares throws option algos off and huge swings start. We are seeing this more and more in individual stocks and across the market. The market becomes more sensitive with any outside influence and creates bigger and bigger swings. + +GME started it all. + +Ps. Check out the close price of Apple 😉 +Update: AAPL AH has moved around between $.20 with an AH volume of 5 million!!!! What?!?! + +Edit - additional thoughts + +Entire market run through option market. Lots option buyers just sell off options they bought at a profit and never intend to exercise. Quick easy money for swing trading at a low cost. + +Any stock in your account are fake shares - whether it’s GME or Netflix. GME started rising quickly when option traders/holders exercised their calls and real shares had to be found. It created a chain reaction, leading to more and more calls exercising and a trading frenzy of retail buyers buying shares (not options) moving the price to quickly. There was no hedge or strike prices for the MM to create downward pressure through the option chain and retail wasn’t selling only holding. + +It’s why options have been discouraged. It is very obvious they move GME down through the option. They don’t want us to have that power. The option chain now has $1 strike price increments. When was that added. Downward pressure at every $1! + +Are MM/hf creating options through borrowed shares? 100,000 equals 1,000 puts. This week’s option chain has between 100-200 puts at each strike from $130. + +My mind is going haywire making more and more connections. + +We should be looking at patterns through the option chain. Not charts, charts don’t matter. Options do. + +ITM calls should be exercised immediately, as soon as profitable (share cost plus premium)! + +Al Monaco doesn’t deal well with sitting still. + +As head of Canada’s largest utility, Enbridge Inc.’s chief executive is used to being on the road. The company’s pipelines carry three million barrels of crude oil a day – 25 per cent of the North American total – and 20 per cent of all natural gas, about 18 billion cubic feet. Mr. Monaco makes it a priority to spend time with customers at each end of the pipe: producers in Alberta’s oil sands and refiners on the Gulf of Mexico. + +The 60-year-old CEO is also evangelical about building relationships face to face. Want support from Indigenous groups or the anti-pipeline Governor of Michigan (a.k.a. Democrat Gretchen Whitmer)? Mr. Monaco knows he must meet on their turf. Need cash to pay for $11-billion in projects? That requires winning over bankers in Toronto and New York. Trying to knit a Canadian culture into the fabric of the 6,000-strong Houston-based work force of Spectra Energy, acquired three years ago for $37-billion? You’ve got to go Texas. (Enbridge owns three aircraft, including a Falcon corporate jet, to carry its executives around the continent.) + +Then came COVID-19. Enbridge executives began planning for a potential pandemic back in January. In early March, the company activated emergency control centres in Edmonton and Houston. Its staff was separated from existing facilities at pipeline hubs in Alberta and Texas, to ensure oil and gas would continue to flow even if some employees got sick or were quarantined. Enbridge also rearranged the furniture at its call centres to ensure employees could take customer calls with a hockey stick’s worth of space between them. “We’ve faced hurricanes in the Gulf and floods in Calgary," says Mr. Monaco. “We’re well-versed in contingency planning.” + +As for Mr. Monaco, like most of us, he suddenly found himself house-bound – a non-essential employee. In a time of crisis, he’s confined at home in Calgary, running one of North America’s largest energy companies off his laptop in a modest home office. When asked about the last time he spent more than a consecutive week or two in one place in his eight years as CEO, he pauses and then says: “I honestly can’t recall.” + +Mr. Monaco admits he thrives on a jam-packed daily schedule – he’s described in every media profile as having “restless energy.” That helps explain how he managed to earn an MBA at the University of Calgary while working full time at Home Oil Co. and raising three sons with his wife, Laurie (all three kids are out of the house now, meaning it’s just the two of them on lockdown). + +Being cooped up at home right now is extra hard for Mr. Monaco as the industry landscape shifts. + +Last week, rival TC Energy Corp. moved ahead with its Keystone XL pipeline, snagging a US$1.1-billion investment from the Alberta government. As he told a virtual Scotiabank conference after the deal was announced, Mr. Monaco always assumed Keystone would be built, and he was pleased to see it move forward – customers pump more than enough oil and gas to fill new pipelines from both TC and Enbridge. + +But Enbridge’s Canadian clients are reeling, thanks to the month-long price war between Saudi Arabia and Russia, which effectively cut world crude prices in half and slashed Canadian prices from US$40 a barrel to just $4 (though there were signs late in the week that the two countries had declared a ceasefire). As a result, Mr. Monaco said recently he expects Canadian producers to slash output by up to 25 per cent this year. + +Enbridge is largely insulated from swings in commodity prices, since it sets prices for transporting oil and gas in long-term contracts. But an oil price war or prolonged recession that drives down either supply or demand for energy – or both – could translate into lower volumes across the company’s 192,000 kilometres of pipelines. That uncertainty, along with the broader COVID-19 market meltdown, explain a 21-per-cent decline in its stock price since the beginning of the year. + +So, from his home office – decorated with a photo of the boat that brought his parents to Canada from Italy in the 1950s – Mr. Monaco is using this forced downtime to burnish Enbridge’s credentials. He’s on the phone most mornings by six, checking in with employees, customers, regulators and investors. Dressed in a favourite black sweater, rather than the CEO’s more traditional blue suit, he makes frequent appearances at virtual investor conferences. His pitch: Enbridge’s strong balance sheet and deep ties to the world’s largest energy companies differentiate it from rivals. + +Enbridge’s boss is also looking ahead to a time when the company can shift from crisis management back to growth strategies. Part of that planning is focused on winning the social licence it needs to build new pipelines when a large segment of the population has turned against fossil fuels. + +In 2016, a federal court blocked its planned Northern Gateway pipeline, ruling the federal government had failed to adequately consult with Indigenous groups. The CEO says Enbridge has always prioritized good relations with Indigenous communities, and he has made a point of staying in regular contact with First Nations leaders throughout the pandemic. + +He’s also launched a charm offensive, putting in calls to U.S. regulators and government officials who will determine the fate of planned pipelines in Minnesota and Michigan. In a series of recent virtual conferences, Mr. Monaco said Enbridge is making headway on projects in both states thanks to a combination of lobbying and litigation. + +Closer to home, the born-and-bred Calgarian has been quick to praise politicians for stepping up in a crisis that’s expected to leave one in four Albertans unemployed. “The provincial and federal governments are taking decisive action,” he says. A long-time advocate of using Canada’s energy resources to help fund the transition to an economy that’s less reliant on fossil fuels, Mr. Monaco says he’s encouraged that both Alberta and federal leaders “recognize we have to protect the energy industry.” + +Mr. Monaco is an accountant by training. His first corporate job was tracking inventories as an analyst at Home Oil. After the company was acquired and its management team let go, he joined a predecessor to Enbridge in 1995 and was named CEO seven years later. The accounting background bubbles up in the way Mr. Monaco answers questions, occasionally numbering his conversation points. + +What has Enbridge learned from the coronavirus crisis? “Two key learnings. First, it reinforced the need for a robust IT team to support the whole organization and the importance of cybersecurity," he says. “Second, COVID-19 reinforced the need to ensure our critical infrastructure can stay up and running.” + +What are his priorities? “There are four things,” he replies, then rhymes them off: protecting and supporting Enbridge’s 12,000 employees and millions of customers; setting goals for the next 60, 90 and 120 days to recognize the shifting landscape; ensuring the company has the financial strength to fund essential projects; and finally, getting a long-delayed pipeline built to link Alberta oil sands to eastern refineries. + +In fact, Enbridge has a list of 14 major projects, along with maintenance work, to keep it busy, and by mid-March, with North American businesses going dark, the company’s engineers and financiers began reviewing that list, with a total tally of $11-billion over three years. Big-ticket items include $2.9-billion to complete the final U.S. section of the Line 3 pipeline, which runs from Alberta to Minnesota, and rebuilding part of a second pipeline, Line 5, in Michigan. Enbridge also plans to spend $1.8-billion on an offshore wind farm in France. + +Some of this work might be “deferred and delayed” due to the pandemic, Mr. Monaco says. But $5-billion in funding for new projects is already locked down, and the CEO is confident he can raise an additional $6-billion from lenders. Enbridge has relationships with about 50 banks – the executives of which are on the other end of some of Mr. Monaco’s early-morning calls. Collectively, they’ve pledged to lend the utility up to $12-billion, if needed. + +Sitting at home, talking about Enbridge’s financial muscle and growth plans, Mr. Monaco comes about as close as any energy CEO ever can to talking trash about rivals. + +Take the railroads. When Alberta oil companies pumped more crude than pipelines could handle last year, the railways saw an opportunity to grab customers by shipping oil in tanker cars. Mr. Monaco expects to win back that market share this year and next, as oil production falls and Enbridge brings on additional capacity. The economics of oil by rail, he says, just don’t make sense, since pipelines can get oil to refineries on the Gulf coast for about $8 a barrel, while the train trip costs roughly $20. + +Where some companies are coy about revealing clients, Mr. Monaco wants everyone to know the utility has long-term contracts with Canada’s largest, deepest-pocketed players – Imperial Oil Ltd. and Suncor Energy Inc., top the list – providing a source of dependable future cash. During a Merrill Lynch virtual conference last week, he talked up the massive reserves among Enbridge’s clients, adding: “This is a bit of a contrast to the shale situation.” + +He didn’t go full Rodney Dangerfield on the already beat-up U.S. shale oil sector. (Whiting Petroleum Corp., once the largest oil producer in North Dakota’s Bakken region, filed for bankruptcy last week, and more failures are expected.) But Enbridge’s boss wants investors to understand its oil sands clients will be sending crude down the company’s pipelines for decades to come, while shale plays are now measuring their lifespan in months. + +To date, Mr. Monaco’s defining moment as CEO has been the $37-billion Spectra acquisition. The deal added a growing natural gas business to Enbridge’s portfolio and helped the utility maintain its track record for hiking dividends, with average increases of 11 per cent annually over the past 15 years. + +Could the coronavirus crisis open up the opportunity for another major deal? + +Mr. Monaco says the pipeline sector “is bound to experience some dislocation, some distress," which means the barrier to another takeover is simple: Quality utilities such as Spectra are unlikely to run into trouble and almost always command a premium price. But hunkered down at home, marshalling Enbridge’s resources in preparation for future growth, Mr. Monaco says his teams are tracking potential targets. + +"We’re always looking.” + +https://www.theglobeandmail.com/business/article-restless-energy-enbridges-ceo-is-hunkered-down-at-home-and-searching/ +For most people here having your freedom is the first requirement. A comfortable life from there on where you are able to afford basic needs and any fun things you want to do. Then let's add being able to help kids become financially independent as well to this. + +Considering a MCOL, this will require 80k for you as a couple and 60k each for let's say 2 kids for a total of 200k per year or 5m networth. This can be considered FatFIRE. + +For those folks pushing beyond this point, what's the motivation for you? +&nbsp; + + +SafeGem has launched only 3.5 days ago with a stealth presale of only 45bnb. **There was no fake hype, no marketing, no waiting for telegram chat to fill up with xxx amount of users.** Actually telegram only had around 50 members when the project was listed on pancakeswap. To me that shows the motives of the team, not to create a lot of fomo and then dump their bags, but to build something that will last a long time. + + +&nbsp; + + +Besides the **team members working around the clock and not sleeping for 48 hours around launch, they also locked their wallets for a month.** In addition to that **SafeGem is aiming to cover a niche yet untouched in crypto space, NFT Authentication via Digital Certificates of Precious Stones.** Team has already held an AMA and community manager was on telegram voice call talking to everyone for over 2h. + + +&nbsp; + + +**Project's tokenomics are done in a very smart way:** **96 Quadrilion GEMS max supply with 53% being burned on launch**, **7% dev and marketing funds**, 14.75% liquidity pool and 25% went to presale. On each transaction **5% is burned forever** and **6% gets distributed among holders.** + + +&nbsp; + + +The community has rapidly grown over the last few days, reaching over 5000+ holders in just 3 days, and is showing signs that **we could have something really special on our hands**, something that could repeat what some other coins have achieved and maybe even surpass them. + + +&nbsp; + + +With many upcoming things on the roadmap and soon listing on CG/CMC I believe that this project could actually do 100x from here(as always in crypto, it's an investment but I think that benefits far outweigh the risks in this scenario) + + +&nbsp; + + +&nbsp; + + +Under this I will copy some parts of SafeGem's Medium article that has just been released yesterday: + + https://safegemfinance.medium.com/introducing-safegem-a-frictionless-high-yield-and-hyper-deflationary-token-with-a-grand-vision-e8af548b479b + + +&nbsp; + + +**Introduction** + + +*SafeGem launched 3 days ago. The project aims to differentiate itself from other meme coins, with a team that is incredibly serious in going further, by showing key values like professionalism, transparency, dedication to community and delivering on their promises. The project’s vision is to conceive a brand-new use case in using the unique benefits the blockchain can offer by creating an exclusive platform that will authenticate precious stones by providing digital certification for gems.* + + +&nbsp; + + +*The team is composed of professionals with heavy experience in software development, marketing and operations, that believe that the power of a token is always proportional to the importance and utility of the project, the dedication of the team and the support of the community. SafeGem strives to focus on all points with its well-prepared team.* + + +&nbsp; + + +**Digital Certification of Precious Stones** + + +&nbsp; + + +*In SafeGem’s roadmap, the team aims to implement an NFT contract, which will be used to identify a specific precious stone and assign a unique and specific token with all authenticating information that will contain the specifics of such gem and its creator/founder. This will then serve as a digital authentication certificate, which can never be lost, copied, altered or modified, and there will be no need to be deposited in a safe because it can never be lost. The blockchain is the one safe place where one can know, once something is there, it cannot be taken it back. The team strongly believes that the use of the blockchain and NFTs suits perfectly the SafeGem project.* + + +&nbsp; + + +*This digital certification service will be implemented on a dedicated section on our website, and each partner/customer will have their accounts with which they will create their NFTs for their gems and provide them to the new owner once they sold them. This is called an NFT launchpad and $GEMS will become the launchpad’s utility token.* + + +&nbsp; + + + +🌐 **Website:** safegem.finance/ + +🚀 **PancakeSwap [ >>> V1 <<< ]:** v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +📈 **Poocoin Chart:** poocoin.app/tokens/0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +🔗 **BscScan:** bscscan.com/token/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 + +💬 **Telegram:** t.me/safegemtokens + +🧡 **Reddit:** r/SafeGemFinance + +🐤 **Twitter:** twitter.com/safe_gem + +🗞️ **Medium:** safegemfinance.medium.com +Hi everyone, + +**This isn't financial advice. Please do your own DD before investing.** + +&#x200B; + +Today I present to you **Peninsula Energy.** + +Peninsula Energy owns 100% of Lance ISR uranium mining in USA + +Peninsula Energy (PEN.AX on the ASX) is about to give the **final green light to start the process of restarting their Lance ISR uranium mine (stage 1: 820,000lb/y).** + +Note: 820,000lb/y production represents nothing compared to the global annual uranium supply deficit, but for Peninsula Energy earnings and margins that's a very positive development. + +The CEO said that they could reach first uranium production in 6 months time. + +A final green light in December 2022 (imo) would mean first uranium production in Q3 2023, meaning 200,000 - 400,000lb in 2023 = enough to fulfil the committed 400,000lb Sale Pounds (200,000lb from production + 200,000lb from committed Purchase Pounds) + +&#x200B; + +**Peninsula Energy completed their Definitive Feasibility Study in August 2022.** + +This means that this DFS is much more up-to-date on inflation than the DFS studies in 2018-2020 of other uranium companies + +[Source: Peninsula Energy website, DFS August 2022](https://preview.redd.it/1fpub994341a1.png?width=953&format=png&auto=webp&s=76e95c20638dbd26c54fd7319d73b182a8e4d6b0) + +[Source: Peninsula Energy website, DFS August 2022](https://preview.redd.it/xjjeqyl7341a1.png?width=929&format=png&auto=webp&s=456c5a476aacd7afa4d2e9eb9055ee049f52833e) + +[Source: Peninsula Energy website, DFS August 2022](https://preview.redd.it/l8dp8ui9341a1.png?width=923&format=png&auto=webp&s=0468eb69256e29d0636edab93cd7f4c69b183f85) + +The DFS of August 2022 gives Peninsula Energy an All-in Sustaining Cash Costs (AISC) of US$39/lb and an All-in-Costs (AIC) of US$46/lb + +Peninsula Energy has: + +1) an existing contracting book of 4,000,000lb from Q4 2022 till 2030 with several western utilities. + +[Source: Peninsula Energy website, Quarterly Activities Report October 26, 2022](https://preview.redd.it/lkl7796b341a1.png?width=765&format=png&auto=webp&s=165047d55cf2d8578d03268c59ed101cbd375cbf) + +[https://wcsecure.weblink.com.au/pdf/PEN/02588292.pdf](https://wcsecure.weblink.com.au/pdf/PEN/02588292.pdf) + +I expect Peninsula Energy to sign additional uranium supply contracts with western utilities \~65 USD/lb in 2023, and at even higher uranium term prices in 2024. + +2) 310,000 pounds of uranium in converter accounts at 30 September 2022, with a spot market value of US$14.9 million (US$48.25 per pound U3O8) providing financial flexibility to continue progressing the Lance Projects + +3) Available cash of US$8.1 million at 30 September 2022 + +For the restart Stage 1 production only 8.4 million USD is needed, compared to 8.1 million USD cash balance at September 30, 2022 + an 310,000lb uranium inventory valued at 15.5 million USD (50USD/lb) + +https://preview.redd.it/7gm06v9d341a1.png?width=398&format=png&auto=webp&s=06e1679efa2cc08512a404f4fb122704a79bdead + +The 16.3 million USD needed during the stage1 production is spread over 2023-2025, while considerably increasing their revenues starting in 2nd semester 2023. + +Conclusion: + +1. For the production ramp up (coming \~9 months) Peninsula Energy doesn't need additional financing (Scenario: 110,000lb (inventory) sold at 50 USD/lb (= 5.5 million USD) + 8.1 million USD cash balance at September 30, 2022 => **13.6 million USD is enough to cover 100% of the needed 8.4 million Up-Front CAPEX** (coming 9 months)) +2. Based on the global uranium demand and supply, underfeeding not existing anymore, the restart over Converdyn convertor in USA in 2023, I expect a significant higher uranium price in 2023 compared to the uranium spotprice of \~50USD/lb today => Let's be conservative: 200,000lb (inventory) sold at 60 USD/lb (I personnaly think it will much higher than 60 USD/lb) in 2023 = **12 million USD** + +**But 16.3 million USD WF Replacement & Sustaining CAPEX are CAPEX needs spread over 2023-2025!** + +16.3 million USD/ 2.5 years = 6.52 million USD/y: + +a) 2023: \~5 million USD WF Replacement & Sustsaining CAPEX (my own estimation based on the data) needed in 2023 compared to a potential 12 million USD from inventory sale in 2023. + +=> 6 million of those 12 million USD will be enough (imo) to finance those \~5 million USD WF Replacement & Sustsaining CAPEX + +b) 2024: \~8 million USD WF Replacement & Sustsaining CAPEX (my own estimation based on the data) needed in 2024 financed with the remaining 6 million USD from 200,000lb inventory sale in 2023 in my scenario + additional cash balance from sales in 2023 and early 2024. + +This is enough financing, but for financial confort they could ask a bank loan of \~5 million USD or do a small capital raise of \~5 million USD (\~7 million AUD) in 2024 (imo) + +In this scenario, what is a 7 million AUD capital raise compared to a Market Cap of 1,000,000,000 shares at let's say 0.25 AUD/share emission price = 7/250 = 0.028%, that's a very small potential dillution early 2024. + +c) 2025 \~3.3 million USD WF Replacement & Sustsaining CAPEX (my own estimation based on the data (ISR production in 2025 is the result of wellfield injections 6-9 months earlier)) needed in 2025 + +I think that investors today misinterpret the CAPEX needs of Peninsula Energy + +By consequence Peninsula Energy stock price today is still significantly cheaper than peers: + +&#x200B; + +https://preview.redd.it/boo03kpu341a1.png?width=985&format=png&auto=webp&s=97ebd42fa76539f05eef9018a8656324336bc146 + +[Source: John Quakes, Haywood securities on November 17, 2022 ](https://preview.redd.it/kayiql89441a1.png?width=985&format=png&auto=webp&s=a74cb11409698b4b4497fd4d453b488f85d382ac) + +A share price of: + +\- 0.165 AUD/share for Peninsula Energy represents an EV/lb value of only 1.98 USD/lb (They have signed contracts, they have revenues today and they will produce again in 2023Q4) + +\- 2.37 AUD/share for Boss Energy represents an EV/lb of 6.96 USD/lb (Have no signed contracts yet, but they will most probably sign contracts in 2023) + +\- 5.81 CAD/share for Nexgen Energy represents an EV/lb of 6.11 USD/lb (They don't have signed contracts and will produce their first uranium in 2029 at the earliest) + +Note: Energy Resources (ERA) is a depleted mine, this isn't a miner anymore, that's why the EV/lb is low for ERA + + + +95% of the future uranium restarts and new future uranium mines need up front CAPEX! That's common in ALL commodity companies when you want to (re)start a mine. + +Take **Nexgen Energy** for instance: + +Nexgen Energy needs 4 years to build Rook I, Arrow mine once they gave the green light to start building the mine and for this they need 1.3 billion USD of up-front CAPEX! + +[ Source: Nexgen Energy presentation ](https://preview.redd.it/7lqfg8il541a1.png?width=655&format=png&auto=webp&s=edbbc9c89e26abcfb3629f67fcbc8a3799fa196c) + +[ Source: Feasibility Study Rook I February 2021, Arrow, Nexgen Energy p330 ](https://preview.redd.it/ic6xlwbp541a1.png?width=925&format=png&auto=webp&s=65d9306cea7018323e745f8de081aee9ee32a79e) + +Those 1.3 billion USD estimated in February 2021 will be significantly higher by the time they actually start building Rook I, Arrow (imo) + +Those 1.3 billion USD will be raised with a new Capital raise, because Nexgen Energy doesn't have any revenue today. + +**Boss Energy** on the other hand is in a comparable situation as Peninsula Energy, namely close to all needed CAPEX can be financed without additional capital raise. I say "close to" because you can't be 100% sure how inflation will impact the costs of the restart of the Honeymoon Uranium mine + +\~60 million USD Up-Front CAPEX that could be financed with the sale of 1250,000lb uranium stockpile they have + +[ Source: Boss Energy presentation on their website ](https://preview.redd.it/461uf4hv541a1.png?width=1076&format=png&auto=webp&s=93f0442a5b18a9766bc3fc4349559d82fe03d62f) + +This favourable situation has been anticipated by Boss Energy investors, but Peninsula Energy investors didn't anticipate that comparable favourable situation yet. + +Scenario: a rerate of the EV/lb to 4.00 USD/lb of **Peninsula Energy** (still lower than the 6.96 USD/lb of Boss Energy (share price 2.37 AUD/sh) and the 6.11 USD/lb of Nexgen Energy (share price 5.81 CAD/sh)) would mean a **Peninsula Energy share price of 0.34 AUD/share**. And that happens to be the 12 month price targets of Haywood Securtties (0.36 AUD/share) and Shaw and Partners (0.34 AUD/share). + +&#x200B; + +October 27, 2022 Shaw and Partners Financial Services: + +https://preview.redd.it/tecoajn0541a1.png?width=867&format=png&auto=webp&s=6710fa908e772127ba46f7a74bd4948019fa71ef + +[Source: Peninsula Energy website, broker research](https://preview.redd.it/r3t8zh72541a1.png?width=862&format=png&auto=webp&s=27b11f3314f740f79f4e46799ae70da7347cd603) + +**Conclusion:** + +In my opinion, it's time to rerate the Peninsula Energy share price higher. + +And many other analysts and long term uranium bulls think the same. + +**This isn't financial advice. Please do your own DD before investing** + +Cheers +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +We made an offer that is in between guide price(1.1m guiding 1.0m to 1.2m). And the agent said the market interest is at 1.4m. I then asked him why is the guide price at 1.0m to 1.2m then, isn’t he underquoting and he said market interest is not the same as having received offers at those levels so he is not obliged to update the price guide. Does that count as underquoting? Can I report the agent to someone? The whole real estate industry is terrible. +BCAT, for example, is trading at a sizeable discount right now, and it has been widening for a few months. It's not as if there aren't reasons for these funds having the discounts they have, but there can be money to be made by waiting for the price to reach NAV, especially with funds with liquidation dates, like BCAT. Is this the kind of idea that interests you? What others in this space are interesting to you? + +I have no position in BCAT. +My question is if its really worth spending several hours to analyse an entire bussines and its potential future growth combined with its current valuation, in order to make a deep and good analysis. That may not sound like much but if you wanna do it great it takes time. Because you really need to understand exactly how the company makes money and its advantages / disadvantages compared to the competitors. Personally this can take several days as I can only do this for a limited time per day. + +So, is it worth it when you could instead just make a short valuation analysis on good companies that you believe in (maybe like a 20 min analysis). And then put smaller amounts into each individual stock in order to diversify? By doing this you avoid buying crazily overvalued stocks and you get more time to do other things. And since they say time is money, i am starting to wonder how much time i should spend on analysis of a single company? Basicly, how much do i need to know before i press the buy Button? + +How long do you guys usually take to fully analyse one company? +Do you think its worth spending many hours to get to know everything about the company and its industry, when you could instead have used that time to do other things, ex find other stocks? + +Happy for your toughts :) +When checking by CAPE I believe China and Singapore are undervalued. FTSE 100 and 250 are starting to look attractive as well. + +SP500 seems still quite a bit overvalued imo. + +There was a post not long ago on r/investing that also mentioned that the Polish stock market is starting to look attractive. + +Any other markets? Maybe some industries? +Just wondering how many of you build comprehensive DCF models when looking to value a business. Most books I've read such as You Can Be A Stock Market Genius or The Warren Buffett way seems very back of the envelope. Often when I look at a business I'm wondering am I over / underthinking valuation. + +Would love to hear some insight +I know from personal experience that looking daily on stocks fluctuations causes for irrationally to take over reason. + +But for value investors daily, weekly or monthly performances should provide no take if their picks were good or not. +Once you've collected your premium, what is the best way to play with that extra income? Should you buy long dated puts and calls for the same underlying stock? Should you keep buying the underlying? Maybe save it for CSP or cash for when markets are down? How do YOU maximize your premiums collected? +My father invested almost all of his money in Adarsh credit cooperative bank (around 60 lakhs). Since the fraud has become public, we were assured they'd pay us the principal amount at least. It's been almost 2 years, we haven't heard back. Is there any possibility we would get our money back? +Few months ago SIP though Zerodha/coin was seemless. Amount used to auto-debit from my account just befor the SIP date, now auto-debit stopped working due to some regulations. Currently I need to transfer money manually for each SIP, is there a workaround to automate this or a different platform that could auto-debit from account? Thanks! +I am 24 and have been trading stocks for 2.5 years now. I made well from buying puts back in February and then reinvesting that money back into market. I know that was lucky and don't expect to make that again. + +My question is for people who had primarily traded stocks for years before buying real estate investments. Was it to diversity?, Get away from market volatility? or something else? + +I currently own no major assets aside from an 8 year old pickup truck. I was wanting to buy property for myself, but I hate the idea of giving up capital right now with no return. I have been looking into some multi-families to buy to at least have cash-flow, but even then giving up capital significantly hurts my buying power in the market. I'm just wondering how others came to their decision to move most of their money from market to real estate. + +PS. I understand stock Market is risky and majority people don't recommend "day trading." + +edit: People seem to be confused about my wording. Yes I am talking about investment property. I brought up personal property because I had originally decided against buying something strictly for myself because I didn't want to give up majority of my capital at this moment. Sorry for the confusion. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Dormant for many long months. And on the back of no news, and what I can only assume is a rumour, it's jumped ~20% today. + +Anyone got any ideas? Am I being manipulated by the lock dick of the institutions again?!? +https://www.irs.gov/pub/irs-drop/n-19-59.pdf + +Main updates: + +**Contribution Limits** + +- 401(k)/403(b)/most 457 plans/Thrift Savings Plan increases to $19,500. +- Catch up limit for employees 50 and older rises to $6,500 from $6,000 +- SIMPLE contribution limits goes up to $13,500 from $13,000. +- IRA contribution amount remains the same at $6,000 + + +**Income Limits** + +- Single IRA income limits when covered by a workplace retirement plan phaseouts increased to $65,000-$75,000 from $64,000-$74,000 +- MFJ IRA income limits when covered by a workplace retirement plan and the spouse is making contribution phaseouts increased to $104,000-$124,000 from $103,000-$123,000 +- MFJ IRA income limits for the spouse not covered under workplace retirement account increased to $196,000-$206,000 from $193,000-$203,000. +- MFS who is covered by a workplace retirement account did not receive a COL adjustment and remains at $0-$10,000 +- The income phaseout for taxpayers making Roth IRA contributions is now $124,000-$139,000 for singles and HoH, up from $122,000-$137,000. For MFJ, the phaseout is now $196,000-$206,000 up from $193,000-$203,000. MFS remains flat at $0-$10,000. +- The income limit for the Saver’s Credit is $65,000 for MFJ, $48,750 for HoH, and $32,500 for singles and MFS. Increase of $1,000/$750/$500 respectively. + + + +Everyone basically knew the 401K limit would go to $19,500 but it was a surprise the IRA amount remained at $6,000. +*"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."* + +**- Thomas Jefferson** + +Satoshi Nakamoto took the power from the banks restored it to the people, to whom it properly belongs. +It seems to me like investing in small caps is betting on small companies' growth. If you're in a small cap etf, and a particular company grows large, they'd be removed from the etf. Isn't this discriminating against winners? Wouldn't you want to ride that company all the way up? +Hey everyone, I’m a 19 year old boy looking to make and ETF portfolio, my plan is to hold 30-40 years. I’m currently holding about 6 shares of VTI, now just wanting to know what some next steps are to building a solid portfolio +I’m rather new to investing. I’m choosing ETFs because I don’t trust myself to choose individual stocks and want safe investments that will be worth a lot over time. I’m 22 years old and have about 3k invested into the above ETFs. I’m not going to be rich tomorrow, I know. But I’m hoping with regular deposits into those funds will make me a lot of money down the line. Any advice on those particular ETF’s? Any others to recommend? + + +Side note: I’m using robinhood. I know a lot of people cringe at robinhood but I like how the app will loan you money to invest while your deposit is pending. It sucks having to wait days to use your money. If anyone could share their own experiences with the app, that would be great +Hi, I'm just a guy who decided to invest in ETFs instead of bank deposit. + +When I think of long term investment, I would just stick to SPY, VT, or SCHD for dividends. + +But when I think of two year investments (for future housing and stuff), I'm not sure if those ETFs are the optimal choice... + +Would I have to look at ETFs with high 1\~2 year total returns? But I don't know how to evaluate ETFs yet, and I thought I needed some help here. + +If you could DCA $1000 monthly for two years, which ETFs would you do it? + +Thank you very much +Hey all! +Thanks in advance for your answers and time. I’m relatively new to investing (just shy of a year) and have chosen to go the Boglehead method for the long term as I’m not even 20 so I have plenty of time till retirement. Anyway, as maybe others have experienced in their own days of early investing, I got caught up in over-diversifying my portfolio in order to minimize risk to where it’s simply ridiculous. + +My current ETF holdings are: + +SPYD +SPHD +SCHD +VYM + +SCHX +SPYG +VUG + +VTI +VXUS +VWO + +VPU VNQ + +My question is which ones can I remove in order to not stretch myself too thin and maximize my returns. + +I was definitely thinking of completely cutting my VWO and reallocating it into VXUS, cutting one if not two of the dividend ones and reinvesting within that category, and doing something to do reduce overlap with the SCHX VUG SPYG group. + +Any suggestions or comments are greatly appreciated, thanks again! +Now that I maxed out my Roth IRA($6000) what should I do next? Save for next years contributions or open up another Roth IRA at a different brokerage? Or start a traditional IRA? +Hey guys, hoping someone here can make me make sense of what's been a disappointing shift between jobs. Essentially, having moved to a new company I've moved from a role with a $55k gross salary to one with a $66k gross salary, but upon looking at my first full payslip, my take-home pay has actually gone down by over $200. Even though I'm now paying off my FEE-Help debt at a rate of $300/month, I'm not sure how getting an $11k increase could only equate to a gross $100 payrise per month, given that I haven't jumped a tax bracket. + +Is my new employer paying too much tax, or did my old employer perhaps not pay enough? Both are significantly big companies, so I'd assume they're both doing everything very much by the book. I've used a couple of tax calculators to try and work out what's going on, and according to the ATO calculator the amount of tax being withheld on my new payslip is correct. Seek's, however, seems to think I should be getting paid much more, even after my HELP debt is deducted + +I've attached an image of [my last payslip with my old role](https://imgur.com/HLD0XtU), and [my first payslip at my new role](https://imgur.com/a/Y0cSAdC). + +Thanks! +Here is the start of the Real Estate Investing Book List... it will continue to be updated and will eventually become a wiki entry. + +Thank you [u/HandyBananaMan](https://www.reddit.com/user/HandyBananaMan/) for contributing many books to this list. + +&#x200B; + +|**Title**|**ISBN**|**Author**| +|:-|:-|:-| +|2 Years to a Million in Real Estate|9780071471879|Matthew Martinez| +|7 Secrets to Successful Apartment Leasing: Find Quality Renters, Fill Vacancies, and Maximize Your Rental Income|9780071462587|Eric Crumley| +|A Million Bucks by 30: How to Overcome a Crap Job, Stingy Parents, and a Useless Degree to Become a Millionaire Before (or After) Turning Thirty|9780345499721|Alan Corey| +|Am I Being Too Subtle? Straight Talk From a Business Rebel|9780698408883|Sam Zell| +|[Asset Protection for Real Estate Investors](http://a.co/b9qTJ6H)|9780979786044|Clint Coons| +|[Building Wealth One House at a Time, Updated and Expanded, Second Edition](http://a.co/6Q8KEvY)|9781259643880|John Schaub| +|Burn Zones: Playing Life’s Bad Hands|9781662269288|Jorge P. Newberry| +|Buy It, Rent It, Profit! Make Money as a Landlord in ANY Real Estate Market|9781515913580|Bryan M. Chavis| +|Buy Right, Sell High|9780585181707|Robert Irwin| +|Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Renal Property Investment Strategy Made Simple|9781947200081|David Greene| +|Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request|9780814415078|Michael Reinhard| +|Commercial Real Estate Investing: A Creative Guide to Successfully Making Money|9780470227381|Dolf de Roos| +|[Conscious Living: Finding Joy in the Real World](http://a.co/01Vcuga)|9780062514875|Gay Hendricks PhD| +|[Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big](http://a.co/f19rErs)|9780998381602|Brian H. Murray| +|[Every Landlord's Legal Guide](http://a.co/2Hl9nLX)||Marcia Stewart et al.| +|[How I Turned $1,000 into a Million in Real Estate in My Spare Time](http://a.co/1gHkBH9)|9781607966746|William Nickerson| +|How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started|9780997584707|Brandon Turner| +|[How to Win Friends & Influence People](http://a.co/30TibeL)|9781439169780|Dale Carnegie| +|[Invest in Debt](http://a.co/h0edAVI)||Jimmy Napier| +|Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealth|9780071498869|Matthew Martinez| +|Investing in Real Estate|9781118172971|Gary Eldred| +|[Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding](http://a.co/8HFw9Hv)|9781980587026|Sean Cook| +|[Investment Real Estate: Finance and Asset Management](http://a.co/6W5T650)||Fred W. Prassas| +|It’s a Whole New Business! The How-to Book of Syndicated Investment Real Estate|9781511928809|Gene Trowbridge| +|[Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun (Do It All from Your Smartphone or Tablet!), 2nd Edition](http://a.co/di4rlJw)|9780471789789|Mike Butler| +|Long-Distance Real Estate Investing: How to Buy, Rehab, and Mange Out-of-State Rental Properties|9780997584752|David Greene| +|[Man's Search for Meaning](http://a.co/0SGPm9b)||Viktor E. Frankl et al.| +|Multi-Family Millions: How Anyone Can Reposition Apartment for Big Profits|9780470267608|David Lindahl| +|Never Split the Difference: Negotiating as if Your Life Depended on it|9781504735049|Chris Voss| +|[Note Investing Made Easier: How To Buy And Profit From Distressed Mortgages](http://a.co/a0kqSf4)|9781546664314|Martin Saenz| +|[Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal](http://a.co/jh4XllM)|9780071752855|Oren Klaff| +|Raising Private Capital: Build Your Real Estate Empire Using Other People’s Money|9781947200982|Matt Faircloth| +|Real Estate Finance & Investments|9780071238212|William Brueggeman| +|[Real Estate Riches: How to Become Rich Using Your Banker's Money](http://a.co/3Pr9MZQ)||Dolf de Roos et al.| +|Real Estate: Analysis and Strategy|9780060418939|Gary Eldred| +|[Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!](http://a.co/eErHL17)|9781469202167|Robert T. Kiyosaki| +|Set for Life: Dominate Life, Money and the American Dream|9780997584714|Scott Trench| +|[Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors)](http://a.co/5Cpxpgi)|9781549181276|Tom Wheelwright| +|[The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich](http://a.co/a1JiPgn)||Timothy Ferriss| +|The 9 Month Investment: A Passive Investor’s Guide to Achieving 10 Years Worth of Wealth Accumulation in Only 9 Months|9780982379363|Darin Garman| +|The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss|9781619697232|Ken McElroy| +|[The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level](http://a.co/gOCUFoF)|9780061735363|Gay Hendricks PhD| +|[The Book on Estimating Rehab Costs: The Investor's Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs](http://a.co/ai1CwO6)|9780988973718|J Scott et al.| +|[The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties](http://a.co/c4w2fsL)|9780988973701|J Scott et al.| +|[The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money](http://a.co/cw7eTMl)|9780990711711|Brandon Turner et al.| +|The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits|9780990711728|Brandon Turner| +|The Book on Negotiating Real Estate: Expert Strategies for Getting the Best Deals When Buying & Selling Investment Property|9781947200067|J. Scott| +|[The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing!](http://a.co/3op2QBO)|9780990711797|Brandon Turner| +|The Buy and Hold Real Estate Strategy: How to Secure Profits in Any Real Estate Market|9780471009627|Michael T. Schumacher| +|The Complete Guide to Buying and Selling Apartment Buildings|9780470323915|Steve Berges| +|The Definitive Guide to Apartment Marketing: How to Generate More Leads, Close More Leases & Improve Resident Experience|9781537268484|Josh Grillo| +|[The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It](http://a.co/eCkIJsD)|9780887307287|Michael E. Gerber| +|[The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers](http://a.co/gGSWx67)|9780062273208|Ben Horowitz| +|[The Millionaire Mind](http://a.co/dwpZwgG)|9780740756627|Thomas J. Stanley| +|[The Millionaire Next Door](http://a.co/5HFV13Y)|9780671015206|Thomas J. Stanley Ph.D.| +|[The Millionaire Real Estate Investor](http://a.co/35RQgpp)|9780071446372|Gary Keller et al.| +|[The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM)](http://a.co/2wD1VDu)|9780979019715|Hal Elrod et al.| +|[The One Minute Millionaire: The Enlightened Way to Wealth](http://a.co/ecQq9oU)|9780609609491|Mark Victor Hansen et al.| +|[The Richest Man in Babylon](http://a.co/5uVOhKZ)|9780451205360|George S. Clason| +|[The Unofficial Guide to Real Estate Investing](http://a.co/0QGL2Q7)|9780028636658|Spencer Strauss et al.| +|The Wall Street Journal - Complete Real-Estate Investing Guidebook|9780307345622|David Crook| +|[The Wealth of Nations](http://a.co/6T8jqY9)||Adam Smith| +|[Think and Grow Rich](http://a.co/fWaKLf6)|9780449235041|Napoleon Hill| +|[Wealth Can't Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today!](http://a.co/243PPnG)|9781626344198|David Osborn et al.| +|[What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition](http://a.co/hCWKZbf)|9780071422574|Frank Gallinelli| +|[Who: The A Method for Hiring](http://a.co/daCcGGK)|9780345504197|Geoff Smart et al.| + +&#x200B; +I have been investing for the past 2 years, planning to keep investing for the rest of my life. One interesting statistic that I came across was that 92 percent of large cap funds trailed the S&P 500 over a 15 year period. Knowing this, why would I spend time researching and picking stocks when I could beat 92 percent of all top level investors by just buying SPY. Just curious what others think of this. +I (25/M) was having a nice phone call with my parents yesterday. We were chatting about life updates and stuff, when I brought up the fact that I’ll be moving out of my current place in two months (apartment out in the suburbs, I’ve been kind of isolated), as my rent (1BR/1B) is being raised by ~15% ($1.1k per month to $1.3k per month), which I thought was pretty substantial. I was telling them about how I was considering getting a roommate again, or either moving into a studio or smaller 1BR/1B that would be cheaper overall, and they simply didn’t understand why I’d be doing that. My lease is up in March, but I won’t know whether I get a raise/promotion/bonus based on my performance from last year, until this April (the company I work for is weird like that, IDK why). + +Anyway, they had told me: + +Parents: “u/HeyWhatsUpBonjour, you save way too much, you can definitely afford a nicer place in a nicer area, and your savings rate won’t be affected. What’s your savings rate right now? $X.Xk a month?” + +Me: “Ummm, double that, actually, but I understand what you’re saying. I just want to do whatever I can to continually maximizing my savings rate. I’m trying to set myself up for the rest of my life, right now.” + +P: “Holy shit. Yeah, you need to splurge a little more, you can afford to. Also, by all means, you can get a roommate, but you’ve been living on your own for the last 2 years. I’m telling you, unless you’re moving in with a SO, that’s going to be a big challenge for you. It’s your life, by all means, but remember, living costs money.” + +————————————- + +I thought all of this was really interesting. Before you say anything — no, my parents aren’t horrible with money; quite the opposite, actually. They had started their own company, lived pretty frugally and worked crazy hours in the first few years the company was brought up and running (this all took place when I was a little kid; I didn’t understand the frugality aspect until I was much older, but I do vividly remember that they weren’t around much when I was very little); but, as the company grew and became more successful, we became more of an upper-class household. Down the road, they were bought out by a much bigger corporation. + +So, my question is, have y’all received any “pushback” (I don’t know if pushback is the right word, hence the quotes) from your parents, regarding trying to go the FIRE route? + +Looking forward to hearing your thoughts, and I’m happy to answer any questions you might have. Thank you. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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I hope you will enjoy [my weekly post](https://juh.io/blog/week-25-play-with-fire/) as much as you are enjoying the sunny weekend. + +**Visit the** [**full article**](https://juh.io/blog/week-25-play-with-fire/) **here.** + +Here is a list of highlights of the post: + +* India is currently having border-related issues with China and Nepal. This is not a good sign when China is facing second wave infection and India has peaked. +* Fed and the US government will keep pumping money in the economy while some states are facing the rise in the infection. +* 2-meter distancing might be relaxed "in days". +* Finally, Metro Bank become the top performer after a long time +* Things might be getting better for RMG +* Should I sell **Plus500**? +* Freetrade portfolio is up 6% after the previous week's sell-off +* Cloudflare is doing brilliantly +* Trading 212 portfolio also performed very well, up more than 7% + +Please read the full article on my website, and don't forget to visit every week for market and portfolio news. + + +All the best for next week. +It's well known that UK investors have a 'home bias', and I'm interested to see how this panned out for people. This year the FTSE 100 returned 14.3%, and this appears to include dividends. + +The returns this year have been lower than other markets, but on the flipside the market is still fairly 'cheap' and this should return in higher returns on a cash flow basis albeit offset against lower growth. + +My portfolio is currently weighted 50% to the UK, and my returns this year were 17.2%, albeit with some dividends still outstanding which may slightly move the needle. My invested capital increased by 50% this year, mostly weighted towards the latter end of the year, and I have not adjusted for this. + +I took a fair amount of profit this year. Realised gains were 22%, Divdends 2.15%, but the net unrealised gains year on year were down 7.4% + +What is your allocation to the UK, and how did you do? +You are now confirming the picture MSM has painted of us as a bunch of conspiracy theory lunatics. The sub is SPAMMED with posts and memes about a fire that has no proven link to our beloved stonk, and actually good content about GameStop’s new NFT marketplace is drowning. + +Let the fire investigators do their job. If this has any connection to the DOJ investigation, don’t you think DOJ will get to the bottom of this? + +Downvote warehouse fire, upvote purple circles and actual good content worthy of this sub! + +Make Superstonk Great Again! +Just noticed this today when logging in. Here's an article in WSJ: + +https://www.wsj.com/articles/vanguard-ratchets-up-index-fund-price-battle-1542636000 + +and from their website: + +https://investornews.vanguard/our-index-funds-changed-investing-forever-now-were-making-them-even-better/ +Based on my searching around for possible ways to do passive investing in emerging markets (China, Brazil, South Africa, Indonesia, Taiwan, etc.), very few options are available. + +1. Mutual funds based in India that invest in US-based ETFs (Edelweiss, HSBC) + +2. open international broker account (interactive brokers? Vested?) and directly invest in those ETFs + +3. go the GIFT city route through the BSE India Inx Global Access which is not very popular for some reason. Also, it’s not very clear what the process is, or if it even is better than the directly creating international brokerage account. The problem with opening an international account is that of taxation whereas this problem may not appear if you go through the BSE India Inx GA route (not sure about this) + +Looking to get thoughts on this. + +Also, what is you opinion on which emerging countries would be good to invest in for the next 20 to 30 years timeframe? + +Thanks! +Hello Everyone! Split dividend day!! + +Ape help ape. + +Howdy all! I've been immensely happy for the good reception this has been getting, and for all the people helping in their needs. I'm just so happy for that. Now just like I always ask, is everyone holding up okay? Still very much turbulence in the world right now, as well as personally for some. Alot of people have been having things rough. It's okay to take a breather! In, out! Ahhhhh! + + +Today's the day! No not Christmas or your birthday, Splividend day! After two weeks of DRS transfers out the wazoo, and people locking in shares, the split dividend has finally arrived. Apes woke up to find their holdings increased by four in most brokers, with some still processing the split dividend. It's a very exciting day indeed, and I know you don't need me to tell you that. It'll be fun to watch brokers scramble to find splividend shares to give to the rightful hodlers, and what happens in the aftermath of all this. You know the motto, buy hodl DRS! Not financial advice! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright **saying you sold** (true or not) is not the best to post and **WILL be considered FUD.** No fud please. Basically not spreading of fud and not talking of selling and you'll be good. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +As for the critics, not everyone who's struggling is over leveraged. Alot can change in a year or even just a few months, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone has an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍❤️ + Stay cool! Love everyone. +Fed LEO here, and I’m seeing an alarming amount of photos of people’s faces and their children on here. I work for one of the three letter agencies that combats mostly human trafficking and narcotics smuggling. Over the past few months I’ve been seeing a startling amount of users posting photos of themselves and their children on here and I’m not sure if it’s out of naivety or ignorance to how well developed facial recognition/ biometric software has gotten. + +If you have ever had a passport, drivers license or any photo ID in the past 10 years, I can literally take a photo with my work phone and find out who that person is in one minute. And from there find out a lot more information behind the name. + +And it’s not just the government that has access to the software either. We’ve come across a few bad actors using their own to burn identities of US personnel by cross referencing with social media. So if you’ve got the money, it won’t take much to find out a name behind a photo, or several photos. + +So please, don’t post photos of yourself online if at all possible, especially not on this sub where you’d be a target for some really influential people. At the very least, mask up if you’re gonna post a photo. + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +I’ve been using web scraping but I have to use selenium as beautifulsoup won’t load dynamic elements/get all of the html. However, it would be very slow to have to load instances of yahoo finance for every stock I want to calculate, say, RSI for. Where do you guys get your data from for python and are there already libraries which can calculate values of indicators? + +I’m coding in python and am totally self taught so I’ll do my best, but I’m essentially a novice. Unlike most people that I’ve seen, I have a passion for finance and already have a reasonable background on economics, fundamental, and technical analysis. Also, I only need stock data, I’m not worried about crypto or forex yet. + +Thanks, +noah8597 +I went to my local country clerk's search page and looked up my mortgage records. The last entry is from 2003 and nothing since, even though I know the mortgage has moved on and is now "owned" by Freddie Mac and run by Citi. Legally I am paying someone with no right to collect. How many others out there have the same story? +I’m in my 30s and work in a field that will probably not exist in the next 20-30 years or will be drastically different. Hell I’m not even sure I have 10 more years. I’m making good money now (just over $100K) so I’m squirreling as much as I can into savings and retirement accounts. + + +I’m preparing pretty well...my house is almost paid off and I have no other debt. I’m well ahead of where I should be in retirement accounts for my age according to various money articles. The only thing I haven’t figured out is a job I would want to transition to but being financially secure takes out a lot of stress. I’m basically doomsday prepping for my industry. +I was trying to calculate the social cost of plastic straws when I came across [this](https://reader.elsevier.com/reader/sd/pii/S0025326X19302061?token=C8306EA1101596C9120F045D19B9AD8CA2186E20799F816380F6A3657065DD4CCDF5B670AB7FDDA95FF39BDD875F937B) paper. Which found a very high social cost of plastic. At the bottom left of the page labelled 193 (section 7) is says that marine ecosystems have an annual benefit of $49.7 trillion a year. That seemed very very high to me so I looked up world GDP which is estimated to be [88 trillion in 2019](http://worldpopulationreview.com/countries/countries-by-gdp/). So am I right that there number is way too high I can't believe that marine eco systems make up well over half of GDP? And does this invalidate the rest of the study? +So my TFSA & RRSP are maxed out with XEQT. My next step is to open a taxable account, and I'm wondering if I should just keep going with XEQT, or if I should do something different? + +Also, at what amount of money invested is XEQT no longer the ideal choice? Like if I have a million invested, should it be all in XEQT, or are there better options? +Last week I posted about my first $1,000 day. A lot of you were very supportive, and of course, there were a few haters. This one's for them :) + + +https://preview.redd.it/mwpylma1lk581.png?width=1305&format=png&auto=webp&s=35e58eb8e02a81dfb14cd291b20cc7299efd0834 + +https://preview.redd.it/lzi001l5lk581.png?width=1065&format=png&auto=webp&s=948a9cc60a5e046eb724771e2e7c2700ff539814 + +The nice part about scalping is you can really get the feel for a stock. If it feels right and you're doing well, you can scale up. If it's not working out, you can stop trading it or scale down to keep testing the waters. + +I used to be scared to scale up on stocks I was doing well on for fear of losing all my gains. Once I flipped this mentality, I started seeing my green days becoming 10x my losing days. + +&#x200B; + +If you want to see my strategy in action, here's a daily recap from today: [https://youtu.be/PK-tsNGjIF8](https://youtu.be/PK-tsNGjIF8) +First let me say I am making this post in response to the amazing and overwhelming comments I received as a result of my comment on another post. You guys are all amazing. I waited until my wife was home and she's here with my as I type making sure I don't miss anything and also to fact check when I exaggerate as I have a tendency to do. + +TL;DR: I was a middle-class suburban bum who didn't know anything about money and my wife came from nothing and her work ethic and ability to organize money led me to pay off my student loans last week + +Now to get an idea of both myself and my wife I'll give you a little background. I came from a typical Middle Class, suburban American family. My mom is a nurse and my dad has done everything from own a chair factory to delivering dental supplies, but we always were pretty well off. This is also partly due to my father's family being very wealthy and allowing him to inherit the money to buy his home with zero mortgage. Financially, I was taught little or nothing growing up, everyone is aware of the lack of financial prep in the US school system, and my family treated money as a sort of "dirty" topic. If you did something for free you were "clean" and "noble" if you did things outright for the pay it was "mercenary" and not considered good. When I was told to look for careers both me and my siblings weren't told "make sure you can make a living and take care of yourselves" but "do what you love, the money doesn't matter" and the classic "money doesn't bring happiness". It took me years to learn that a lack of money can certainly bring UNhappiness. + +So, as a result, I found myself making a series of financial mistakes my whole life. Everything from not opening a line of credit (I thought I was "beating the dirty bankers") to develop my credit score, to repeatedly overdrawing my checking account to be hit with $500 overage fees AND additional $25 late on paying the overage fees-fees (Once I owed up to $2000 without realizing and only by pleading with both the bank to reduce it to $1000 and my mom to pay it off did I escape that fiasco). And I never really learned. After moving out of the house I did get used to checking my checking account to make sure I had enough money to pay various bills and rent, though I do remember forgetting a few times and having my water shut off. Long story short I found myself an adult with no career, $80,000+ in student loan debt, and zero idea of how to progress. + +Now my wife's story is about as opposite as you can get. She was born in Thailand. Her mother was from an extremely poor farming family who sometimes had one bowl of rice to share for the whole family for the day. Her dad was a little better off with a more middle class family and worked as an electrician of sorts. My wife's mother was his second marriage after he drove the first wife off and it was an arranged marriage that my wife's mother did not was to do. She has an older half sister from her father's first marriage (who is a mess) and her father did NOT want another girl, he wanted a boy. In fact her nickname to this day is "Bee" stemming from her being "Plan B" or "If it's a boy, his name is A, if it's a girl she's B". + +That theme sort of continued while she was young. Her sister was given as much as the family could support, being the oldest, and had all the normal things like schools supplies and even had her university studies paid for by their father (she dropped out). My wife on the other hand had to make due with hand me down clothes that her mom would sew deep hems in the skirts to fit her body which she would eventually let out bit by bit as she grew. When she wanted to go to school her father told her she had to find the money herself because the family couldn't afford it. + +Thankfully, her mom (basically to keep her occupied while her mom was at work) had signed her up for every athletics program under the sun from a very young age and thanks to both good academic grades and a talent for basketball she not only achieved scholarships to a college prep school but to one of the most prestigious universities in the country. She just told me to make sure that I mention how her mom had her keep a record of her spending and saving on a piece of paper ever since she got a small allowance as a little girl and learn how to cut out "unnecessary things" (her favorite mantra that I picked up). + +While at University my wife had to struggle in the extreme as not only did her family not help with tuition, but food, housing, books, clothes, or anything else was up to her. She had to find a way to make enough money to live and study while competing both for the schools basketball and, occasionally, the schools Judo team, which any student athlete can tell you is already a full time job. + +It was hard, very hard. "The lowest point of my life" she says. She made money by doing freelance work as a graphics designer (she majored in Animation and Graphic Design, she always wanted to learn to paint but decided she'd never make money doing that, to this day she's an amazing sketch artist and painter btw). She went for years subsiding on about $40 a month. She couldn't even afford rice to eat and had to buy bulk packs of ramen noodles which she supplemented with discount vegetables to literally not get scurvy. This whole time she watched as her family descended into chaos as her grandfather (on her dad's side) passed away and his children, her aunts and uncles fought like hyenas over an elephants carcass over the inheritance and her sister ended up stealing from her father large sums of money, ran off, got pregnant, abandoned her children and came back to continue a sad decline into drugs and bad life choices. + +She graduated eventually and tried to make a living as a graphic artist in Thailand, but her dad had lost his job due to a declining mental state caused by PTSD from several brushes with Thailand's underworld while he was an electrical building inspector. So now, she had to support her father (and as a result her sister) on her own. After two years of trying in Thailand she realized she wouldn't be able to and ended up decided to leave Thailand and become and au pair to support her family. I'd like to add that through my wife I've met a lot of au pairs and their lot is utter garbage and little better than slavery in many situations and while many come from decent backgrounds just trying to make some money while they explore the wider world, most are desperate and trying to find a way to escape the poverty of their homes like my wife. + +I met my wife in America. I was working as a fat, more than broke delivery driver and she was a struggling au pair working basically 24/7 (I know it's technically not, but when you live in the home you work it does it really matter if you're on the clock if the baby wakes up crying?) and making $195 a week. She sent back $350 a month to support her family and saved the rest as best she could. I had no idea how much I made or where it went aside from I hadn't had an overcharge fee in a little while. + +Eventually after meeting, falling in love, and deciding to get married she eventually quit being an au pair and moved in with my and my family (after I moved back to America I moved in with my parents where I still live today) and the journey of first discovering my financial mess and fixing it began, and oh boy, what I write can only scratch the edge of the weekly "checkups" and arguments and lectures and stress that went into this development, it wasn't easy for either of us. She couldn't believe she'd become partners with such a disorganized mess and for me it proved to be VERY hard to learn to curb your spending when you never thought to before. + +Luckily, I had "graduated" from being a delivery driver to working at Solar City. The first step on a long journey that eventually led to me joining the Ironworkers Union. On my development my wife showed me how to keep a physical record of every single penny I spent and earned. I would keep it up for a week, forget and loose the book then she would buy me another one and we began again. I have a closet full of about a dozen checking account books. Then she had me organize my student loans. I had no idea how much my monthly minimums were and was shocked to find out it was almost $700/mo. She taught me what interest was. These were the first steps. + +I struggled, I mean really struggled to get the basic concepts of knowing where my money was at all times. Old me thought that was a waste of brain energy and it was a hard mentality to break. I'd say at least a year went by before I really understood how much I made each week/month and what my monthly expenditures were and by then I'd taken my second step in my career as a laborer working for a commercial solar company. Now I was making enough money to start paying off my loans consistently on my own (my mom had been paying part each month) even with my sloppy book keeping. This was the second biggest motivator in my life to get my sh\*t together, seeing a light at the end of the tunnel and knowing that, yes I in fact could climb out of my hole myself. This and the other motivation led me to working as much overtime as possible and picking up a second job as a pizza delivery guy Friday-Sunday. I was not working more than I thought was possible (depending on overtime opportunities between 65-85 hours a week). + +The main motivation though, was seeing my wife's growth no matter how many hours I worked she always ALWAYS worked more it was inspiring, exhaustin and terrifying at times to see. In my previous comment I said she'd nearly doubled her income a year, and I wasn't joking. After she left being an au pair she had to wait 6 grueling months to get her green card. It nearly drove her insane and she ended up working under the table as a cleaning lady to continue to support her family. She'd clean everything from ritsy homes in Cambdrige and Brookline to the utterly disgusting college kid housing around BC/BU/Harvard areas. She kept a paper record this whole time and is checking it now to see how much she made she made a little over $1000/month. + +After she was cleared for work she continued as a cleaning lady but also got a job as a cashier, eventually a waitress at a local Vietnamese restaurant. She stopped being an au pair in January, in June she was making $1000/mo, July $1800, August $2100, September $2700, October $3000. She just read those off (I'm rounding to the nearest $100). A year later she'd left the cleaning job and started working as a waitress at a second restaurant as well as picking up shifts at David's Bridal as a seamstress, eventually maxing out at $4500/mo. In March 2018 she made $5200. This is just from pure willpower and work ethic. After going over the numbers this is where she maxes out for the present but even if it's not doubled (sorry my own exaggeration) since then this, to me, is an outstanding growth. + +So watching her fight like that how could I not? I worked my bun off right next to her. She taught me to push like I never pushed before and now that I was putting in that many hours and that much effort I finally not only had the knowledge how to track my money but I had a deep desire to know where every drop of sweat was being saved or spent. I got better at accounting using Mint and my bank's online manager. I followed my 401k growth, I checked how much I was spending on gas, on work clothes, I didn't write it down like she did but I learned to keep track of everything. Nothing motivates someone knowing how much they have like knowing how hard it is to earn. + +Eventually I got into the Union after years in construction. With my wife's work ethic driving my I'd garnered a reputation as a motivated and dedicated hand wherever I went. I might not be the best, but you can bet I'd be the first there and the last to leave, very few people out worked me. This reputation eventually got me noticed by a Union member and thanks to years of trying to keep up with my wife I'd grown into a much better person and while it can be very difficult to get into a Union it took one week from my first meeting to being on a jobsite with a Union outfit, riding an elevator up the biggest building I'd ever worked on (50ish stories) and up to a career that could support my own family the rest of my life. All thanks to my wife. After that I'd graduated the whole "watch your money" phase she taught me more, and we learned together. I started paying off my loans early in a focused way, starting with the highest interest first. I opened credit cards and used them both sparingly and paid them off each week to keep my balance low and my credit score high. I started investing in basic stocks to get a feel for the market, putting about 10% of my paycheck in as a learning cost and two years after getting into the ironworkers union I FINALLY paid off the last of my student debt. From $80,000+ to $0 all thanks to my wife's guidance and teachings. + +Sorry this is an aside but it's actually funny, compared to any American construction worker I was a hungry tiger who devoured work, and it actually meant I ended up being classified less as "one of the Americans" but was adopted by the other class of hungry-tiger-worker in my industry: the other immigrants. Construction in any state in the US is done by Spanish immigrants, not completely but they are a constant and huge presence on any jobsite. Most I've met work like my wife. Voraciously. They came from harder lives than most can understand (An Elsalvadorian friend of mine, and the best carpenter I've ever seen, tell me how when he was 12 a guerrila army told him he was to fight with them or they'd kill his mom so he did that until a helicopter gunship killed them all so he ran and got a job loading boulders onto trucks). My motto since then has been "Work like an immigrant, get paid like a citizen". That last part is unfortunately since many are illegal they get taken hugely advantage of with no options. + +To finish this insanely long tale: After I got in the Union my wife saw how the Union allowed minorities and women a chance to work in the trades and the benefits both in take home pay, and in benefits (Insurance, annuity, pension, vacation pay, free training) and decided she wanted to make the move, too. Ever since she was little she wanted to be like her dad, an electrician, but he told her girls couldn't do it. Now, when the opportunity presented itself she gave it her all, like she always does, and less than a year later she is the top student in her 1st year technician apprentice class and had multiple supers and foremen tell her she'll be a foreman soon, which I never doubted. + +&#x200B; + +EDIT: Holy cows guys, thank you so much for all the love, it really is overwhelming! Bee can't wait to see what the next comment says and is just glowing and I'm practically in tears. Thank you again you're all so kind. +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 +Please correct me if I'm wrong. The way I understand the moratorium as announced and clarified by RBI: + +* Interest will continue to accrue on deferred payments. So it does postpone the burden but it also *increases* it. + +* It is left to the lending institutions' discretion how and whether to implement. Not mandatory. + +* Prevents your loan account from becoming NPA. Does this help optics for the lenders? Maybe collections departments won't harrass borrowers? + +* Deferred payments won't affect credit ratings. I feel many will slip through the cracks, but I guess it is a small plus. + +How is this supposed to provide any real respite or help the economy? What am I missing? +# [Original thread](https://www.reddit.com/r/GME/comments/lj1wqv/a_comprehensive_compilation_of_all_due_diligence/) + +# Please go to the original r/GME thread as it's taking time to update both of them and this thread lost traction. Thank you all for your kind words and awards. I am humbled. + +# 💎🤲🚀 +Massive drop off in new home sales as well as other data pointing towards decline in the near future. A few more recent articles with good data below. Of course I expect those that depend on the boom to grasp at anything to discredit the data, but the writing is on the wall. + +[The Housing Boom Is Officially Over – Home Sales Drop To New Low](https://finance.yahoo.com/news/housing-boom-officially-over-home-151834833.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADyGBbW4X5h3tothzRvgoOpSKd0fTpaEKcE0NRdU2KJvcJmMt0uOJHhgV71nZIL76gwu0eDco2ZX4FWES6Z9SxVv1WPgzoy_5zPAVIa0oJbSPzHWZBZSA16TNaL4q3tlQBuJPrq58FSuO-ss_4oGX1HOCgB5-H5yoNxKfHHlg4CQ) + +[Pending home sales drop in June — more evidence of a housing turnaround](https://www.cnbc.com/2021/07/29/pending-home-sales-drop-in-june-.html) + +[U.S. new home sales hit 14-month low](https://www.reuters.com/business/us-new-home-sales-fall-sharply-june-2021-07-26/) +There was a guy that posted a while ago at the beginning of this year that he sold 10 puts at a strike of 295 back when nvda was above 300 + +Since then nvda has crashed all the way down to $130, more than half value lost and possibly more downside ahead + +I wonder how he is feeling about that now, + +This is the result of “wheeling “ where your supposedly ok with owning stocks long term +[source](https://np.reddit.com/r/ethereum/comments/7af08r/µraiden_will_launch_on_mainnet_by_the_end_of_this) + +In three weeks, paying / transferring money with Ethereum will have two huge advantages over Bitcoin: + +* Instantaneous transfers are available one year earlier. +* No centralisation. Unlike Bitcoin, the block size is not limited on Ethereum, so the miner fees can be kept low. As a result, opening channels between two people is not expensive. +With Bitcoin, it's different. Their limited block size makes the fees increase with usage (currently $5, versus a few cents on Ethereum). So Bitcoin's Lightning will be very expensive to use in a P2P manner. People will rather connect to a single hub (so they pay fees only once) and send money to each other through the hub. That is centralisation. +Hi guys, + +Just wondering, how exactly does tether (the cryptocurrency which maintains a 1 to 1 peg with the US dollar) work exactly in terms of its peg? + +Specially, how is this peg maintained?? + +I struggle to understand how this peg can be maintained exactly if fiat currencies cannot even do this. + +Take for example Lebanon. For those unfamiliar the Lebanese Lira used to have a peg of 1500 Lebanese lira to 1 US dollar. + +This peg was maintained for decades until it could no longer be maintained anymore, the peg was let go and hyperinflation was created as a result until present day. + +There are many other countries with similar experiences. + +My question is, why would Tether be any different? + +Or is it not and there will be a time in which the 1 to 1 peg between tether and the US dollar will be let go as well and all those holding Tether will have their money rendered valueless after the fact? + +Thanks in advance. +I realise this is a normative question but I wonder why this has never been used. I imagine it is due to economies of scale so it would be perverse to encourage small businesses? With large MNC's that don't pay tax and create anti-competitive barriers is there any calls to promote small businesses? +Hey all!, + +So as the titles states, I've been living in the EU (specifically Poland) for about 5 years now. I have a pretty good job, stable income (even though it's "under the table"), but I have no idea how to handle my money. All I have a right now is a rainy day savings account. + +I'd like to know what are the best first steps to not only gather information as to how to handle my money in the EU but also where to invest or what or what accounts to open, etc, etc. + +Really, any kind of basic advice for a beginner would be greatly appreciated, thanks! +Hello everyone! Hoping you are having a nice day! + +So i need some help and advice. I'm 25, i live in the Baltic states. I've lost my job a couple of months ago because of the pandemic, at first it wasn't too much of a big deal, i had money saved up so i should have had enough to last me up to 6 months. But obviously when you plan something, it doesen't work out.... My grandmother died last month and i had to obviously get money for the funeral (which surprisingly cost more than i expected). As well as i can't find a job, even though i've sent so much applications. Day by day time passes, i try to freelance as a computer technician, and at first i got a bit of money for that, but at this moment i am at home, 7 euros in my wallet, with my car needing mandatory check up on wednesday (which will cost over 100 euros). And a 100 euros is insane money for me right now. And i also need to pay rent in about 2 weeks. And for the first time in my life i feel i have hit rock bottom. With time definetly not on my side, and having barely enough money left to buy food i turn to you guys. Maybe someone can offer tips on how to earn a bit of cash? Im good at computer repairs, i have posted ads on messageboards, i have printed out sheets with ads that i repair PC's, but it's not doing much for me at the moment. I really have no other choice that to ask for help from smarter people on the internet. If someone wishes to help me out a tiny bit, obviously i would really appreciate that a lot (even 1 euro buys me bread and some meat), but i don't expect that. I just really don't want to end up on the street, so ANY help is REALLY appreciated! + +Thank you for your time, guys! +I sold some real estate and want to invest the money (a little over 100k EUR) I got from it as well as regular contributions. + +I'm 27 software consultant and a tax resident in Bulgaria and have 0 debt. I have an account in Degiro which I plan to invest through. + +I have an emergency fund and no investments/assets. + +I plan to start investing what's leftover from the income of my business regularly. Most of my income, however, is in the form of dividends and I'm not sure if it'll be convenient to issue dividends/invest every month. Might have to do it on a quarterly basis. What are the pros and cons of the two investment periods? + +I've picked commission-free ETFs in Degiro. This is how I plan to invest both the income from the property sale (which is in **EUR**) and my future regular contributions (which will be about **1000 USD/month**). + +I won't need access to these funds any time soon and would prefer accumulating funds. I plan to buy and hold for 10+ years + +70% iShares Core MSCI World UCITS ETF USD (Acc) [https://www.justetf.com/uk/etf-profile.html?groupField=none&sortOrder=asc&sortField=ter&distributionPolicy=distributionPolicy-accumulating&assetClass=class-equity&region=World&from=search&isin=IE00B4L5Y983](https://www.justetf.com/uk/etf-profile.html?groupField=none&sortOrder=asc&sortField=ter&distributionPolicy=distributionPolicy-accumulating&assetClass=class-equity&region=World&from=search&isin=IE00B4L5Y983) + +30% iShares MSCI Emerging Markets UCITS ETF (Acc) [https://www.justetf.com/uk/etf-profile.html?groupField=none&sortOrder=asc&sortField=ter&distributionPolicy=distributionPolicy-accumulating&assetClass=class-equity&region=Emerging%2BMarkets&from=search&isin=IE00B4L5YC18](https://www.justetf.com/uk/etf-profile.html?groupField=none&sortOrder=asc&sortField=ter&distributionPolicy=distributionPolicy-accumulating&assetClass=class-equity&region=Emerging%2BMarkets&from=search&isin=IE00B4L5YC18) + +What would you do if you were in my situation? + +FYI Degiro's list of free ETFs - [https://www.degiro.ie/data/pdf/ie/commission-free-etfs-list.pdf](https://www.degiro.ie/data/pdf/ie/commission-free-etfs-list.pdf) +Now I’m going to be the person that references a post that references a post... but I thought this was worth sharing here. + +[This post from earlier](https://www.reddit.com/r/financialindependence/comments/a68t9p/anyone_going_faster_than_you_is_crazy_anyone/?st=JPPN34D7&sh=d5e671ac) talks about being lucky but don’t discredit the work people put in even if their payoff was “lucky”. + +And further, not to say someone is lucky because they received an inheritance... this is the point I want to touch on. There were many people who commented that they received X dollars from their parents but would give it all back to spend more time with them. + +You’re all on the FIRE track. Many of you probably hope to be able to leave your child(ren) with money when you pass to make their life easier. **But why wait until you pass away? With the sentiment of so many saying they’d give it back to spend more time with their parents.... why not give it while you’re still here to spend time with them?** + +My parents have decided to do this. They’ve been retired 6 years. Not early, but on time (at age 60 they retired). Each year they pay for a family trip for my brother and I and our families and them. They use the money to spend time and make memories with us NOW! They’ve contributed sizably towards our kids college funds NOW so our kids can see how education is important to grandma and grandpa. + +Both my brother and I paid off all our debt, which were student loans, (except mortgage) before this began so they didn’t bail us out, but they taught us fiscal responsibility. Once they saw we mastered that, they let us in on their plan. + +To give us our inheritance while they’re still alive. To see us enjoy it. They’ve given generous Christmas gifts to us the last 5 years. They’ve been able to see us use the money and get married to our spouses. They’ve been able to see us start families and spend a little more to upgrade to the stroller we absolutely wanted but was a little out of reach. They’ve seen us be able to travel or replace the furnace without it destroying our budget for the year. They aren’t giving us huge sums, but enough that it eases the burden of emergencies and allows us to enjoy some things we might not be able to at this stage in our lives. + +Furthermore, they are doing JUST fine with their investments and their pensions, that sharing with us isn’t preventing them from enjoying retirement. Heck this year alone they’ve gone on 9 different trips! + +You may think this post is spoiled and braggy. Or that I’m “lucky”. We were never rich growing up. They made between $30k (in the 1980s) to topping out at $90k when they retired. They saved, were frugal, and invested for 30 years. And now, they just want to share it with their kids. To see us enjoy it while they’re still here with us to enjoy it ❤️ + + +A lot of personal finance advice is straightforward applications of math: Keep expenses less than income. Pay off highest interest rate debts first. Compound growth is your friend. + +Then there are obvious legal requirements and benefits: Use tax-preferred retirement / HSA accounts. Keep insurance in force. Know how self-employment taxes work. + +This post is about less-obvious ways to use "loopholes" / little-known benefits in existing US laws to your advantage. (Our friends in other countries are welcome to lobby for local versions *in their associated personal finance subs*.) + +Here are some that you may not already know about: + +Taxes / tax planning: + +- Take advantage of "[adjustments](http://www.bankrate.com/finance/taxes/cut-your-taxes-without-itemizing-1.aspx)" like IRA/HSA contributions, student loan interest, tuition, moving costs, self-employment taxes/healh insurance paid,etc., to reduce taxable income if you are eligible. You can take these even if you do not otherwise itemize. + +- If you are not a full-time student and earn less than 30K single / 60k jointly, you can use the [Saver's Credit](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit) to get a tax credit (better than a deduction!) for a portion of your IRA or 401k contributions, even for Roth contributions. You can even deduct a contribution to get your income to qualify. + +- Gifts and inheritances are generally not taxable to the recipient. Other untaxed "income" includes most insurance payouts and damage awards; child support; some scholarships; rebates and loyalty program bonuses. Remember that loans are not income, though forgiven loans typically are. + +- You pay [no taxes at all on long-term capital gains](http://www.bankrate.com/finance/taxes/no-capital-gains-due-for-some-investors-1.aspx) if your taxable income (including those gains) is less than the top of the 15% tax bracket. That could be $95,000 gross income for a married couple filing jointly. You can can do this at any age. + +- Sales of a personal residence often have [no capital gains tax](http://www.bankrate.com/finance/taxes/capital-gains-and-your-home-sale-1.aspx) as well. You have to have lived in the house as your primary residence two of the past five years; you get $250,000 per sale ($500,000 for a couple). + +- If you rent a room in your house, part of all of your housing expenses (including insurance and utilities) [can be Schedule E expense deductions against your rental income](http://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.html) (but you need to declare the rental income.) You don't have taxable income / deductions if your roommates who share the lease give you money to send to your landlord. + +- If you received a 1099 reporting income that wasn't really yours , e.g. for selling something on behalf of someone else, use a [nominee distribution](http://www.arahcpa.com/blog/don8217t-forget-those-nominee-1099s/36087) declaration to avoid being taxed on it. + +- If your spouse owes money to the federal government, use an [injured spouse](https://www.irs.gov/irm/part25/irm_25-018-005.html) form to keep the IRS from withholding your share of a joint tax refund. This is different than an [innocent spouse](https://www.irs.gov/taxtopics/tc205.html) situation, where your spouse tried to evade taxes without your knowledge. + +Retirement: + +- Think you make too much to contribute to Roth IRA? Think again! The [Backdoor Roth IRA](https://www.nerdwallet.com/blog/investing/backdoor-roth-ira-high-income-how-to-guide/) may work for you. There's even a [mega-backdoor Roth](http://www.madfientist.com/after-tax-contributions/) for high-income people with certain 401k plans. + +- Employer contributions to your 401k [don't count](http://www.bankrate.com/finance/retirement/employer-match-counts-toward-401k-limit.aspx) against the 18k limit. + +- If you change you mind about making an IRA contribution, e.g. your income becomes too high for it to be deductible, you can simply [remove the money](https://investor.vanguard.com/ira/excess-contribution) before the tax filing deadline without penalty. + +- Self-employed people have [lots of options](https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people) for retirement accounts, including a solo-401k and a SEP IRA. This can apply even if you have employment retirement savings. + +Health insurance: + +- If you change jobs and don't have insurance coverage for a time, you have 60 days to elect continuing (COBRA) coverage, during which time you are eligible to be covered even if you haven't and won't pay for it. [This works retroactively](http://www.mymoneyblog.com/cobra-and-retroactive-health-insurance-coverage.html); you can decide to take COBRA at day 59 if you do have major expenses, pay for it, and be covered for the previous 59 days. + +- You won't pay a penalty for lack of health insurance if you have a single [brief coverage gap](http://obamacarefacts.com/obamacare-coverage-gap-exemption/), which is defined as "less than three months." I.e. May 3 to July 31 is OK. May 1 to July 31 is not. + +I am still new to investing and researching Mutual funds. I'm wondering about the effects of the size of AUM on the performance of Mutual funds, is there any correlation? + +What will happen to MFs whose AUMs become really really large over the time, can they still be managed efficiently? + +Also there are MFs that only started recently and have very small AUM. Is there any risk due to this? +Hi, I earn £1189 monthly full time salary. This is the net amount after NI, pension and Income Tax. I was wondering if I would be able to ever buy a house on this salary? I save between £600-750 of this every month. My breakdown is £200 rent live at home, £80 on travel, £80 discretion, £40 lunch, £19 medicine, £7 phone, £14 tv licence and £7 insurance. All are monthly amounts. By my calculations, I save about £7-9000 a year. + +Do I need to worry about increasing my salary for a mortgage? Like is there a minimum salary or is it always 4.5x whatever salary? I’m looking at buying a house for cheap (80-100000). I live in the northwest. I have about £10000 saved. Currently it’s out of reach but is it feasible in about 5 years time where I’d have 45-55000 deposit? I keep thinking the house prices will rise e meaning I will have to save even longer. I also don’t want to leave this job as it’s very stable. + +UPDATE: +Thank you for the comments which are a massive help! They have given me a lot to think about. Also thank you for the award and upvotes. !thanks everyone +I think maybe I need a bull's perspective on why this stock should have the valuation it has right now. The current PE is over 2000 and even if they keep growing at the rate they have been, some quick math ( high earnings forecast on yahoo) tells me it wouldn't go below 221 for 2022. + +The Company seems fine, altough I think the security flaws ( that are probly fixed now) will probly have detered a lot of companies. At their current prices they would need 110 mil companies using the platform to get a PE of 60, if we'd assume a crazy 30% profit margin ( current profit margin is 2%). Imagine every paid user has 4 other ppl in the same call. That would give half a billion people using zoom. Even right now, with the lock down, that would be crazy. + +Google has recently made Hangouts basicly free and Microsoft's Teams and Skype also look like tough competition for a startup. + +It feels like the market is priced to the best of the best scenario, but maybe I'm just missing something? + +I've been thinking of selling call (probly strike 200- 250) options that expire jan 2022. Would be a very nice profit if the stock goes down or even sideways, and this way I don't have to nail the timing. +Edit: The reason I want to sell leaps is that I can't short stocks where I live and this mimics it well, pls tell me if I can do something better I'm still new to options. +Hello everyone, i would like to begin investing some of my money into dividend stocks. I plan on selling some individual stocks and purchasing some good dividend stocks that are highly discounted right now. Looking to start with 5000. Which would you pick? +The number of people who listen to this guy about bitcoin has reached an all time high and it's causing people to get stung hard. + +He is offering a $600+ crypto training course! Basically to people who don't understand the market and just want to get rich quick (Lambos and all that). + +There are legit online in depth courses for FREE on EDX, UDEMY, Coursera etc. + +It makes me sick to see so many folks get taken advantage of by this known scammer. This community has an obligation to call this bs out when we see it, just like we did with Bitconnect and Davor etc. + +I don't care if this gets down voted to hell. We all know it's the truth. + + +https://youtu.be/jCC8fPQOaxU + +A curious segment on manufactured homes. I live in one currently with my partner. I'm not sure what it says about the bay area peninsula that the manufactured home we live in has only gone up in value. + +My partner bought it before he met me, in hindsight, it is arguably one of the best decisions he made in America. There's some luck involved in the purchase by a number of factors, including being bought during the recession and paying for the house in cash. But I can say, this manufactured house is one of the best places I've lived in in the bay area peninsula and rent is significantly cheaper. He could not have afforded a real home when he moved here, and I couldn't have saved money paying rent on a crap apartment. + + +I'm not sure I can suggest purchasing a mobile home in the current environment in the bay area. I can say, buying a manufactured home and renting the land at a low cost of living area is probably a terrible idea. That's a poverty trap. + +&#x200B; + +For comparison: + +* Our home: 1300 Square feet, 3 bd/2bath 1k land rent and 100k on a purchase of the home (the home is now worth 250k) +* Similar Square foot rental is 4700 a month 3bd/2bath (facebook marketplace) +* A single room in an 8 bedroom house is between 1.2k-1.6k a month (facebook marketplace) +* Townhouse nearby: 1.5 million 3bd/4bath (zillow) - 7k a month +* House nearby: 2 million 3 bd/2bath (zillow) - 10k a month + + +Calculated monthly payments on mortgage using [this](https://www.dollartimes.com/loans/mortgage-rate.php?length=30&amount=2000000). I'm not sure this is accurate feel free to correct me. + + +I personally live off 35k a year and make around 100kish of my income, and he also lives of 35k and makes 200kish. Everything else is invested. When we FIRE, we are moving out and moving far away. I plan to FIRE in 18 or so years. My partner could FIRE it probably 10 years (We'll probably split the difference, we are not currently married but plan on. For the time being our investments and long term plans are calculated separately.) + + +I feel as though he landed on a gold mine, my very simple math ( accounting for the annual \~3% rent raise that is locked) says we'd pay \~289k over the course 18 years to my FIRE which around the price of a down payment on one of these real houses. The Manufactured house will probably be worth less in 20 years, manufactured homes that are 40 years old today are going for \~130k today. + + +I don't quite think we're the same type of people John Oliver talks about in his piece, but I'm curious to see what you guys think on the topic. I'm curious as I don't quite know how to do the math, I feel like there are a lot of variables here. Are we coming out ahead? Or once we get married should we pull our money out of the stock market and try to purchase a "real home" for the remainder of our stay in the bay area? Due to HOAs, we can not sublease out current home and keep it as a rental (a huge minus, but if we're living in it I don't see the issue because we already own it). +Kiba Inu is multi-chain project on both ETH and BSC and you can bridge between the 2 networks. It's not just a meme token as we are building utility unmatched in the crypto space.(see below). If you are on the fence still even after reading everything here, I urge you to join the Telegram channel. There is a wealth of information there along with a bunch of Crypto OG’s. The dev team is always on vc. Monday was the very first Kiba Twitter Space and there were over 700 participants. Kiba Inu has the strongest community backing In the space! 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Kiba Swap supports BSC and ETH networks to support both chains where Kiba is available currently. + +&#x200B; + +🚨Kiba Charts🚨 + +Kiba Charts is a utility that allows for viewing of charts & transaction data related to any token currently available to be imported into uniswap and Pancake Swap.This allows our users to not have to leave KibaSwap to go to another platform like Dextools, Defined,Poocoin etc. + +&#x200B; + +🔥Kiba Fomo🔥 + +This small piece of utility allows users to see tokens recently listed on Polygon, Uniswap, BSC, and more. It is powered by \[[tokenfomo.io](https://tokenfomo.io)\]([https://tokenfomo.io](https://tokenfomo.io)) + +&#x200B; + +♥️Kiba Honey Pot Checker♥️ + +The honey pot checker will run a test buy and sell from any contract of your choosing. We run the test via code, and will alert the user if it is a honey pot, delayed honey pot, and also when its safe (not a honey pot). It allows viewing the buy and sell taxes of the contract you're checking. The honey pot checker also supports both BSC and ETH chains + +&#x200B; + +🚨🚨LINKS🚨🚨 + +\&#x200B; + +BNB Chart \[[https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180](https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180)\]([https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180](https://www.dextools.io/app/bsc/pair-explorer/0x89e8c0ead11b783055282c9acebbaf2fe95d1180)) + +&#x200B; + +ETH Chart \[[https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104](https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104)\]([https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104](https://www.dextools.io/app/ether/pair-explorer/0xac6776d1c8d455ad282c76eb4c2ade2b07170104)) + +&#x200B; + +\&#x200B; + +&#x200B; + +TG Portal - \[[https://t.me/KibaInuGlobal](https://t.me/KibaInuGlobal)\]([https://t.me/KibaInuGlobal](https://t.me/KibaInuGlobal)) + +Announcement Channel - \[[https://t.me/kiba\\\_eth\\\_official](https://t.me/kiba\_eth\_official)\]([https://t.me/kiba\_eth\_official](https://t.me/kiba_eth_official)) + +Chinese TG - \[[https://t.me/KibaInuCHINA](https://t.me/KibaInuCHINA)\]([https://t.me/KibaInuCHINA](https://t.me/KibaInuCHINA)) + +Website - \[[https://kibainu.space/](https://kibainu.space/)\]([https://kibainu.space/](https://kibainu.space/)) + +Twitter - \[[https://twitter.com/KibaInuKiba/](https://twitter.com/KibaInuKiba/)\]([https://twitter.com/KibaInuKiba/](https://twitter.com/KibaInuKiba/)) + +Reddit - \[[https://www.reddit.com/r/kiba\\\_inu/](https://www.reddit.com/r/kiba\_inu/)\]([https://www.reddit.com/r/kiba\_inu/](https://www.reddit.com/r/kiba_inu/)) + +KibaBridge - \[[https://www.kibabridge.com](https://www.kibabridge.com)\]([https://www.kibabridge.com](https://www.kibabridge.com)) +I am a recently graduated doctor. I now have a guaranteed job for the foreseeable future, with a starting salary of 70k, increasing by 10k a year for the next 5 years. + +I have 7k in personal loans debt. +I have 8k invested in the stock market in ETFs (VAS). +I have 80k in HECS debt. + +I have worked out that my salary will be about 1k after tax. I’ll be living in an area costing 300 a week in rent. + +My questions are +1) how much should I be saving? +2) should I pay off all my debt ASAP instead of saving anything? +3) I am behind all my friends who got full time jobs out of school or undergrad in super. Should I make extra contributions for the next few years to catch up? +4) should I worry about paying off my hecs or just make the compulsory contributions? + +Thanks for the help :) +Anyone who has been around in this sub a while knows that for CryptoCurrency to succeed as a whole, increased public and institutional adoption/awareness is necessary, regardless of what Crypto you are invested in. + +Over the last few weeks I've seen more newcomers to the sub than I've ever seen before, which is great news! However I've seen a few occasions where newcomers have been downvoted, trolled or mislead simply because their either asking a basic question, or are simply confused about something. + +When I first joined here back in 2017 I asked a good few stupid questions and it was only due to the helpful people in this community that I learned more about Crypto and kept growing not only my knowledge of the space but my crypto holdings too. + +I made a thread a few weeks ago and mentioned my DM's were open for questions and was honestly shocked by the amount of messages I received asking fairly straightforward questions and just for help in general with getting started. + +So I'd like to invite anyone who has what they feel is a basic/simply/stupid question to ask away and I'll try to answer to the best of my ability (and hope that others in the community can join in to help answer and spread some knowledge to newcomers too!) + +\-CW + +EDIT: I’ve answered well over 100 questions via PM, chat and comments now and really must go to bed! However please keep asking and I’ll try my best to hop on tomorrow on my breaks and answer some more questions. + +EDIT 2: Wow, just got back from work and my inbox has blown up, I’m going to try and reply to as many people as I can!! + +It’s been amazing to see so many new people jumping into the space and getting stuck in! +Conway, a town in the white mountains of New Hampshire with a long history as a vacation destination, recently passed legislation to make short-term rentals illegal. Many large municipalities have long since banned AirBnb's (rentals of less than 30 days). They argue that it eliminates long-term rental housing, thus raising prices and giving renters fewer options. But for a vacation town to do it, it seems like cutting off your nose to spite your face, as presumably many people's jobs are tied directly or indirectly to tourism. At the very least it could disastrous to property prices as Airbnb hosts would not get the rent needed to pay the bills and perhaps be forced to dump them on the market. Has anyone seen this in other vacation destinations? Here are a few links to the situation in Conway. + +[https://www.nhpr.org/post/conway-goes-court-limit-airbnbs-other-short-term-rentals#stream/0](https://www.nhpr.org/post/conway-goes-court-limit-airbnbs-other-short-term-rentals#stream/0) + +[https://www.conwaydailysun.com/news/local/conway-selectmen-to-move-against-short-term-rentals/article\_a32bc88a-a2a8-11eb-b184-9ff45590849e.html](https://www.conwaydailysun.com/news/local/conway-selectmen-to-move-against-short-term-rentals/article_a32bc88a-a2a8-11eb-b184-9ff45590849e.html) +Today we are going to explore a profitable, beginner-friendly, mean reversion style trading strategy based on the Bollinger Bands – one of the most popular technical analysis indicators used by traders across all different markets around the world. + +The goal of this strategy is to use the Bollinger Bands indicator to generate reliable buy & sell signals which we can use to make informed trading decisions. + +The Bollinger Bands are often used for the purpose of generating signals to determine when price is entering over-sold or over-bought areas on the chart relative to recent price. Over-bought and over-sold areas give us an idea of places on the chart where price might reverse and start moving back in the opposite direction – reverting toward the mean (average) price. + +The Bollinger Bands consist of an upper and lower band which are plotted two standard deviations on either side of a 20-period simple moving average (20SMA). This 20SMA represents the average price of the last 20 candle-sticks. + +When price moves a greater distance than two standard deviations away from its recent average (20SMA), it is said to be over-extended and often will find its way back to either the middle or the other side of the Bollinger Bands. + +When a candlestick closes in an area considered “over-sold” (below the lower band of the Bollinger Bands), and subsequently re-enters the Bollinger Bands range, this is considered a buy signal. Similarly, when a candlestick closes in an area considered “over-bought” (above the upper band of the Bollinger Bands), and then falls back into the Bollinger Bands range, this is our signal to sell. + +We need to add an additional measure to ensure we are only exposing ourselves to the highest quality signals. \*\*We only want to trade in the direction of the trend.\*\*To ensure we are always trading in the same direction of the trend of price, we will only take buy signals when the 200SMA is pointing higher. + +We also need to make sure that our losing trades are always capped and kept small when compared with our winners. To do this, we need to use a stop loss. For the purposes of this strategy, we are going to position our stop loss directly below the lowest point of the candlestick from which our buy signal has been generated, or the candlestick prior, whichever is lower. + +Now that we have covered the basics of the strategy, let’s quickly summarise our rules: + +**Bollinger Bands Mean Reversion Strategy Rules:** + +1. We will buy when the most recent candle-stick has closed below the lower band of the Bollinger Bands, then re-enters the Bollinger Bands range **AND** the 200SMA line is pointing in an upward direction. +2. We will place our stop loss directly below the lowest point of the buy signal’s candlestick or the prior candlestick (whichever is lower). +3. We will sell our position when the price closes above the upper band of the Bollinger Bands and then falls back into the Bollinger Bands range, **or** when the price hits our stop loss. + +**If you would like to view our backtested results from this strategy, check out our video at the following link:**[https://youtu.be/2\_6jsBs7mW8](https://youtu.be/t49BjkA3Iew) +Today we are going to explore a profitable, beginner-friendly, mean reversion style trading strategy based on the Bollinger Bands – one of the most popular technical analysis indicators used by traders across all different markets around the world. + +The goal of this strategy is to use the Bollinger Bands indicator to generate reliable buy & sell signals which we can use to make informed trading decisions. + +The Bollinger Bands are often used for the purpose of generating signals to determine when price is entering over-sold or over-bought areas on the chart relative to recent price. Over-bought and over-sold areas give us an idea of places on the chart where price might reverse and start moving back in the opposite direction – reverting toward the mean (average) price. + +The Bollinger Bands consist of an upper and lower band which are plotted two standard deviations on either side of a 20-period simple moving average (20SMA). This 20SMA represents the average price of the last 20 candle-sticks. + +When price moves a greater distance than two standard deviations away from its recent average (20SMA), it is said to be over-extended and often will find its way back to either the middle or the other side of the Bollinger Bands. + +When a candlestick closes in an area considered “over-sold” (below the lower band of the Bollinger Bands), and subsequently re-enters the Bollinger Bands range, this is considered a buy signal. Similarly, when a candlestick closes in an area considered “over-bought” (above the upper band of the Bollinger Bands), and then falls back into the Bollinger Bands range, this is our signal to sell. + +We need to add an additional measure to ensure we are only exposing ourselves to the highest quality signals. \*\*We only want to trade in the direction of the trend.\*\*To ensure we are always trading in the same direction of the trend of price, we will only take buy signals when the 200SMA is pointing higher. + +We also need to make sure that our losing trades are always capped and kept small when compared with our winners. To do this, we need to use a stop loss. For the purposes of this strategy, we are going to position our stop loss directly below the lowest point of the candlestick from which our buy signal has been generated, or the candlestick prior, whichever is lower. + +Now that we have covered the basics of the strategy, let’s quickly summarise our rules: + +**Bollinger Bands Mean Reversion Strategy Rules:** + +1. We will buy when the most recent candle-stick has closed below the lower band of the Bollinger Bands, then re-enters the Bollinger Bands range **AND** the 200SMA line is pointing in an upward direction. +2. We will place our stop loss directly below the lowest point of the buy signal’s candlestick or the prior candlestick (whichever is lower). +3. We will sell our position when the price closes above the upper band of the Bollinger Bands and then falls back into the Bollinger Bands range, **or** when the price hits our stop loss. + +**If you would like to view our backtested results from this strategy, check out our video at the following link:**[https://youtu.be/2\_6jsBs7mW8](https://youtu.be/t49BjkA3Iew) +just saw the article making the rounds on Twitter + +text of article: http://www.reddit.com/r/Bitcoin/comments/2nhlxd/urgent_a_zdnet_reporter_has_been_emailing/cme2nft + +(by request, I have removed the link to ZDNet's "article" so it receives no further traffic, it does not deserve it) + +un fucking believable. I think many of us are starting to realize now's the time for the Bitcoin community to go on offense. Enough playing defense and responding to clowns like this. + +Let's give ZDNet the Western Union treatment. Read that article. It's insane. + +from the "Journalist's" article: +"Earlier this year, I wrote to a dozen or so key Senators and Congressmen concerning the illegality of Bitcoin in the United States. What makes it illegal is Article 1, Section 8, Clause 5 of the Constitution of the United States. Only the US Treasury can coin currency. If the US government doesn't produce currency, it is illegal. End of story. Now you have the confirmation from a US Senator to prove it. + +I originally wrote to these people to have an opportunity to testify in front of Congress against Bitcoin's use in the US as a currency. Bitcoin is only one of a dozen or so illegal currencies, but Bitcoin seems to be the main one to battle against. If that one's defeated, then it would render all of them as worthless, except for their original purpose of illegal purchases of weapons, drugs, and other contraband. + +My response from Senator Coburn's office is given below, in its entirety." + +**edits made** as requested, I've pulled the direct link to ZDNet's article. Screw them. + +Also, these are some of his tweets since the story broke. Far from apologetic or willing to correct his words: + +"I wish I could find a gig like that. If you know of any, send them my way. I'd love to be paid to diss Bitcoin." +https://twitter.com/kenhess/status/537742251766452225 + +"Fire me because I'm awesome? That's a tough sell. And it wouldn't stop my Bitcoin hate." +https://twitter.com/kenhess/status/537740659394752514 + +"FYI I've never been shredded in any debate. Don't enter a fight that you're not prepared for. Besides, there is no debate." +https://twitter.com/kenhess/status/537699058748387328 + +"I don't bother researching rancid Twitterati. And I don't care what you believe that you are. Again, do you own any Bitcoin?" +https://twitter.com/kenhess/status/537684363119697920 +(tweeted at /u/bruce_fenton who presumably owns a lot of bitcoin) +The former senior management of debt-laden Infrastructure Leasing & Financial Services (IL&FS), including Arun K Saha and Ravi Parthasarthy, influenced rating agencies for delaying or changing debt ratings of the group and its subsidiaries, an investigation by the Serious Fraud Investigation Office (SFIO) has found, sources told Moneycontrol. + +The investigation revealed that Arun K Saha, the former joint Managing Director of IL&FS, threatened to discontinue business to the rating agencies if they gave unfavourable ratings. The group was enjoying "AAA" - the highest credit rating - until August 2018, just before one of its subsidiaries, IL&FS Transportation Network Ltd, defaulted on its payment obligations. + +"Primary investigation reveals that Ravi Parthasarathi and Arun K Saha met rating agency ICRA's MD Naresh Thacker to convince him to delay the rating results. The rating agencies had deferred plans to downgrade group subsidiaries twice in 2015 as well as in 2018," the report said. + + +👆This is content from money control on news of ICRA and IL&FS saga + +What makes me sick In stomach is the third paragraph. So these rating agencies new and still give AAA- ratings. They just played with the so many pf and pension funds for fear of loosing business. +You hear a lot of a certain breed of maxi being very dismissive of smart contracts. It's the 2004 equivalent of saying, "okay, but so what? I can play a glorified version of 'snake' on an iPhone. Nokia still has market dominance." + +The full picture of what it means to make a blockchain a turing-complete computer is beyond all our imaginations. It's not a single feature. It's the millions of yet-to-be-invented applications that will change the world. + +When smart phones first came around, there wasn't all that much to "do" with them either. The first real "killer app" of the smart phone market was email. The idea of combining it with our phone was so handy it couldn't be denied. And we already have our first killer app of smart contract platforms: DeFi. The benefit of getting yield on your crypto is undeniable. It's also clunky still, but that'll change. The interfaces will get smoother, simpler, and less confusing. And after DeFi, it'll be the next thing then the next, then the next. Metaverse? Decentralized Web? Who knows. But the point is it's coming. + +You hear people argue, "but that isn't the *point* of cryptocurrency. The *point* is to be a currency." Technology doesn't care what things started as. Is there anyone left whose primary use of their cellphone is to make phone calls? +I have been on edge in my current role of 2.5 yrs as a Senior public accountant in a mid-tier accounting firm. It will be 6yrs since I started in this industry this July. I have grown to very much dislike what I do professionally over the years, but I am in my last year of my CPA course and will probably wait it out until I complete it at the end of the year before I hand in my resignation. My question to all you professionals that dislike your job very much, how do you block out all your work-related or work thoughts once you finish work??? Cuz, currently its taking a serious toll on my mind, every working day it's miserable. + + + +Edit: Appreciate all the replies, I will also add how do you cope with a job you loath so much, but can't leave because you need the money & need to finish a qualification? +I keep seeing posts like [this one](https://www.reddit.com/r/Superstonk/comments/mrc7qf/no_dates_stay_focused_remember_march_and_how_they/?utm_source=share&utm_medium=web2x&context=3) saying that 'they' used dates to bring us down back in March. Or posts talking about shills and FUD and heavier moderation for MOASS like [this one](https://www.reddit.com/r/Superstonk/comments/mr28a6/this_guy_semerien_knows_whats_up_ignore_the_fud/?utm_source=share&utm_medium=web2x&context=3) or [this one](https://www.reddit.com/r/Superstonk/comments/mr386y/increasing_karma_requirements_for_the_sub_during/?utm_source=share&utm_medium=web2x&context=3). + +The simple truth of the matter is that we have tons of misinformation and confirmation bias floating around and we're just FUDding ourselves. The perfect example is the dividend nonsense which flew around the sub like a whirlwind before people finally found the [good DD](https://www.reddit.com/r/Superstonk/comments/mqmsvf/re_gamestop_2021_dividends_speculation/?utm_source=share&utm_medium=web2x&context=3). + +The same goes for this wild information going around about share recalls. Both Fidelity and Vanguard have provided different dates for a 'recall'. [Vanguard is supposedly](https://www.reddit.com/r/Superstonk/comments/mpduvh/i_know_we_dont_do_dates_but_i_have_a_feeling_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) expecting a recall on 4/20 while [Fidelity has flat out said that the Record Date is today 04/15](https://www.reddit.com/r/fidelityinvestments/comments/mqz9ne/hot_topic_gamestop_corp_gme_proxy_voting/?utm_source=share&utm_medium=web2x&context=3). . These posts with varying dates are contradictory and leading to FUD. + +Let me break it down. + +Last year Hestia Capital **ESTIMATED** the Record Date to be 04/20 in a 14a filing on 04/06. They wrote: + +> According to information GameStop has provided to custodial banks, brokers and other intermediaries, we **BELIEVE** GameStop has set a record date of Monday, April 20 for the 2020 Annual Meeting. + +The Record Date wasn't released until 04/27 in the Definitive Proxy Statement which is 7 days **AFTER** the Record Date and 2 weeks after Hestia estimated the date. This year no one related to the company has filed documents to identify the Record Date ahead of time. Instead, we only have responses from a handful of broker's customer support that highlight 04/15 and 04/20. + +The problem with the Vanguard and Fidelity dates is that if Fidelity says the Record Date is 04/15 then all shares must have been recalled by that date. That also means that Vanguard's date of 04/20 cannot possibly be a recall date, since it is 5 days past the Record Date. + +**WHY HAS THIS CREATED FUD?** + +There have been countless posts on share recalls and, most importantly, BlackRock recalling shares. I've seen posts everywhere and all over Twitter this morning. I'm not going to link to any of them because I'm sure you've seen them all by now. + +There was so much misinformation going around about GME recalling all shares or validating shares which was just false. Then, after everyone has been screaming about not using dates, people start posting meme after meme about McDonald's Day, or Tweets from DFV or Cohen with some wild Tinfoil theories about diamond swords and companies in a picture being related to overstock who issued a crypto dividend so suddenly 04/15 and 04/20 are huge dates. + +**THESE POSTS WERE NOT MADE BY SHILLS. THEY WERE MADE BY US. BY PEOPLE WHO REGULARLY POST IN THIS SUB AND ON TWITTER.** + +Back to the FUD. There have been several posts like this one [from last night](https://www.reddit.com/r/Superstonk/comments/mr5s1k/blackrock_vanguard_and_fidelity_are_going_to_nuke/) that are still theorizing that BlackRock and Vanguard will cause the squeeze with a share recall. Despite there being [posts like this one](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/?utm_source=share&utm_medium=web2x&context=3) that attempted to nail down the Record Date. I didn't even see this one and its many, many edits till just now. Something like that should have been pinned as something to read before posting about a share recall or posting about dates. + +All of this means that shares need to be in their possession by **END OF DAY TODAY.** That also means that shorts would have had to have covered by **04/13** to have shares settled by today. That means that posts like the one from last night, while hopeful and exciting, did nothing but create a FUD opportunity. + +Everyone is expecting 04/15 and 04/20 to be huge dates because of all the memes, the fun 4/20 6/9 blaze it jokes, and all the DD that gets blasted to the front page without any fact checking or [counter DD](https://www.reddit.com/r/Superstonk/comments/mq1g5e/vanguard_dont_have_voting_rights_for_most_of/?utm_source=share&utm_medium=web2x&context=3). These are all documents that has been available for weeks and months now... + +04/15 is going to come and go without any huge movements from share recalls and people are going to be depressed and sad that absolutely nothing happened. **That's FUD**. + +**MY POINT** + +I think we need to see way more moderation for the DD and maybe cut back on the memes that are hiding good DD. I keep seeing people saying to do your own DD, which I get is hard, but at the very least, stop mindlessly upvoting DD anytime you see rocketships or a feel-good theory... + +**TL:DR** + +We make our own FUD with lazy DD and wishful thinking. + +We need to stop sharing memes with dates because they get thrown around like facts. + +It's not the date that's the problem it's the bad DD. + +EDIT: + +I wanted to [highlight this comment about the dates for record and recall as information that I hadn’t seen before.](https://www.reddit.com/r/Superstonk/comments/mrhqll/were_creating_our_own_fud_a_plea_for_more/gunbeyy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) +With the now nearly certain eventual passage of the Inflation Reduction Act, I’ve read that any families with incomes under $400,000 won’t have their taxes raised. + +As part of a family fortunate enough to make more than that, I’ve not been able to find any details on what the tax consequences will be for families like ours. Can someone with better knowledge of the bill in its current form share what we can expect? + +Also curious if there is anything we should be doing before passage to decrease our tax burden before the law changes, assuming some loopholes may be closed afterwards. + It may say there are shares available to short tomorrow but they are all FAKE. Every share has been shorted and shorted again. DTCC is making fake shares available to allow the shorters to keep shorting the price down. They have been doing it for months. So NO the DTCC is NOT OUR FRIEND. Yes they are passing rules but they have been trying to help the hedge funds win for months. Only because we HOLD and dont SELL is this going to MOASS. The DTCC and DTC and SEC should all be disolved after this. They having been allowing MASS NAKED SHORTING FOR MANY YEARS and are responsible for thousands of businesses going bankrupt and many millions of people losing thier jobs. And YES they know EXACTLY how many shares of each company are out there. They have computers. They are the ones reconciling the trades. THEY KNOW. How would they know how many shares the shorters have to buy back when margin called if they did not know how many shares have been shorter and conterfieted? +https://www.cnbc.com/2019/05/20/us-breaks-all-time-record-for-dividends-as-investor-payouts-surge.html + +Global dividend payouts rose 7.8% to a first-quarter record of $263.3 billion. + +Janus Henderson expects $1.43 trillion in dividend payments this year. +CBOE filed regulatory complaints against Fidelity--through their clearing agent National Financial Services LLC\*\*--on 7/06/21 and 7/07/21, both docketed under star nos. 20180602423, 20190643121, file no. USRI-8957-01. A synopsis of these actions is referenced on pp. 30-31 of the most recent FINRA report ([Consent Orders](https://files.brokercheck.finra.org/firm/firm_13041.pdf)) and also available on CBOE's site. + +In connection with these proceedings, Fidelity concedes or at least does not dispute that it falsified options positions in its reporting to CBOE on 2,332 instances and, further, that it "deleted options positions as of their expiration dates that underwent exercise or assignment, and therefore failed to report reportable options positions in approximately 94,768 instances." + +I inquired with Fidelity about which tickers were involved in the aforesaid acts or omissions, but they quickly removed my posts, citing safe community guidelines. [Link to Fidelity Post #2](https://www.reddit.com/r/fidelityinvestments/comments/pqx6lr/fidelity_recently_consented_to_having_judgment/?utm_source=share&utm_medium=web2x&context=3); [Link to Fidelity Post #1](https://www.reddit.com/r/fidelityinvestments/comments/pqwibm/fidelity_recently_consented_to_having_judgment/?utm_source=share&utm_medium=web2x&context=3) + +I'm posting this here for general community knowledge, visibility, and discussion, and, of course, for further response in the event anyone knows which tickers were involved. Like all of you, I'm particularly interested in GME. + +\*\* National Financial Services ("NFS") is a single-member LLC owned by Fidelity Global Brokerage Group Inc. *See* FINRA report at p. 3. + +Edit: Clarified relationship between NFS and Fidelity +Like it or not, history and the world is watching us DRS right now. GameStop mentioned our DRS #s in their 10-Q and so far this seems to be an unusual or maybe even unprecedented mention. If we are right (I’m positive we are) and DRSing leads us to MOASS, we just changed the game forever and the world will take note. + +Imagine a world where everyone suddenly demands their shares be registered in their name. Not only will our experiment reveal the value of DRSing, but it will truly expose the corruption and what Wall Street has been doing with everyone’s shares for generations. Yes right now we look like degenerate, tieless, banana fucking, apes to the world, but soon they will recognize us as the silverback apes we are. +Hello ape family 👋 +There has been a lot of drama yesterday so please take a seat and join all of us apes here for some chill and relaxing "looking at numbers that hardly move for two hours" 😁 +Let's have some fun today! + +Current price "115 minutes in: 158.93 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesn't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not an union, we are all individuals who like the stock, but we're still family! + +Starting: 158.75 US-$ + +5 minutes in: 159.23 US-$ + +10 minutes in: 159.23 US-$ + +15 minutes in: 158.69 US-$ + +20 minutes in: 158.69 US-$ + +25 minutes in: 158.69 US-$ + +30 minutes in: 158.69 US-$ + +35 minutes in: 158.51 US-$ + +40 minutes in: 158.51 US-$ + +45 minutes in: 158.57 US-$ + +50 minutes in: 158.51 US-$ + +55 minutes in: 158.51 US-$ + +60 minutes in: 158.51 US-$ + +65 minutes in: 158.69 US-$ + +70 minutes in: 158.69 US-$ + +75 minutes in: 158.93 US-$ + +80 minutes in: 158.93 US-$ + +85 minutes in: 158.69 US-$ + +90 minutes in: 158.69 US-$ + +95 minutes in: 158.69 US-$ + +100 minutes in: 158.93 US-$ + +105 minutes in: 158.93 US-$ + +110 minutes in: 158.93 US-$ + +115 minutes in: 158.93 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +I'll see all of you tomorrow 👋 +Please remember that we're not here to fight, just eat your banana and try to have a fun time 🦍 +Hi, please don't delete this. I need to get it right. + +Started learning about personal finance few months ago and started a SIP. Learning more about it my understanding says the "magic of compounding" isn't applicable in SIP. We simply buy an asset every month. And after few years we sell it at the current price of that asset. I have formed an example, please help: + +* Let's say I start an SIP of 1000 rupees per month with the Aditya Birla elss regular growth plan. + +* I invest for 2 months (keeping the example simple) Jan & Feb 2020. In Jan their 1 unit = 100 rupees so I get 10 units. In Feb their 1 unit = 200 rupees so I get 5 units. + +* Assuming I want to cash it out after the 3 year lock in period I can cash out the Jan one in Jan 2023 & Feb 2023 respectively. + +* The profit I will make is just the price of Nav in 2023 - price of Nav in 2020. Correct me if I am wrong. + +How is this then the most preferred way of investment? If I invest, the only thing I need to track is comparing the current NAV with the NAV of the SIP month for that particular month correct? + +Sorry if it sounds silly, but I am shocked that the marketing around SIP is so hyped when it's just we buying an asset and the profit will be the price difference of that asset value when we sell and there's just no concept of interest in it. It's just like buying a house or piece of land, or gold, no? Correct me if I am wrong somewhere please :) + +This sub has been immensely helpful to me in the past so came back to you guys ♥️ +As I said yesterday on another post.....to the people who are wobbling with their diamond hands because nothing good ever happens to them, your thinking is backwards. If that's true, then the odds and percentages say that you are due for some good luck! + +Buying more tomorrow!! + +💎🖐🦧🚀🚀🚀🚀🚀🚀 + + +Edit: Wow! I leave Reddit for 6 hours to go do some serious Pokemon going and come back to this response LOL! Thank you, thank you, thank you, for all of the kind words and wonderful responses as well as the awards! + +Remember, there are many different kinds of luck. There is that weird, out of the blue, one in a million chance luck that literally Is Random. And then there is another kind of luck that you are highly involved in. For all of you who put your hard-earned money into this adventure as well as have spent hundreds, if not thousands, of hours reading everything you could get your hands on to educate yourself about the stock market so that you can be a wise and educated ape just remember, this is luck that YOU created! So why the hell shouldn't you reap those Rewards? + +TO THE FUCKING MOON APES!!!!!!!!!!!!!! + +💎🖐🦧🚀🚀🚀🚀🚀🚀🚀 +Sin stocks meaning for example MO and PM, PM for example pays you a net dividend of approx 99% of the total value as they have a seperate tax calculation. +It has possibly the worst execution, each trade goes through a human approval/execution. This morning I noticed none of my limit orders were going through, even when it was well above the ask. I switched to market(really dangerous idea) and the order stayed there for almost 3 minutes before I chose to cancel it. Stay away from BMO if you want good execution! +# EDIT: The post got mass downvotes all of a sudden. If you're going to manipulate votes then at least don't make it too obvious lol. It's also very convenient how there's a sudden influx of Cardano supporters on an Ethereum sub + +# EDIT #2: Any comment criticizing Cardano is being downvoted as well. How dumb do you have to be to make these attacks this obvious? at least try to make them a tiny bit organic LOL + +&#x200B; + +This post is a reply to his most recent tweets where he was so confidently criticizing Ethereum and Ethereum Classic without stopping to think about the current state of his own blockchain. + +And this opinion can’t be more subjective. Cardano has been online for a very long time now yet their ecosystem is non existent. + +Charles promised his community thousands of dApps by now yet they have less than 600, non of which are in popular use or bring value to the community. + +Over the past couple of years I’ve come to realize how much of a hypocrite he is. + +All he’s good at is criticizing other chains while his own hasn’t seen any form major development in over a year. + +He criticized Ethereum way too many times, but we all see and know that Ethereum does indeed have the WAY more superior ecosystem and dApps. All of the market’s most popular and useful dApps exist of Ethereum. + +Name on dApps on Cardano, I’ll wait… + +He also LOVED to criticize Polygon on more than one occasion yet Polygon already has more than 37,000 dApps on their chain and have secured major partnerships with some of the biggest companies in the world like Facebook and Stripe. + +They contributed so much to Ethereum and the crypto community as a whole. Way more than Cardano did. + +Keep in mind Polygon is a MUCH younger chain and has proven to be superior in tech and development. + +The only thing keeping Cardano afloat is hype in my opinion. Let’s not forget that ADA had the 3rd largest market cap at a time where they DIDN'T EVEN HAVE SMART CONTRACTS! + +If this doesn’t show how much reliant on hype Cardano is then I don’t know what does. + +Don’t get me wrong, criticism is very healthy especially in a competitive community like this one where its a motive to push developers to become better. + +However, I think its very wrong, ignorant, and ironic for a person to be criticizing something or someone when they themselves are falling way behind. +## 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. +EDIT 2: Expected a few comments, not hundreds! I’ll leave the original post below, and up top here, post my general response to the comments. + +1) My first step is to wipe that collections debt, hopefully negotiating it lower. + +2) A surprisingly smart and exciting suggestion is to travel cheaply for the next three months in a place like SE Asia. I’m considering places I know in Mexico, or Argentina as well. This allows me a few months to put off the car and rent question, and possibly get my credit score back up a notch. + +3) Some suggestions to find a new job. The job I have *already is* my “new job”, in a career I’m excited to be in, with lots of opportunities for growth and promotion. + +4) I qualify for unemployment during this offseason, so that brings in helpful income. I also have skills that can make money online. + +5) Loud and clear: HELL NO on a $20k car. To those who say I should go carless, “move closer to work”, or take public transit, these just aren’t options for the rural mountainous area I live in. Most recommend a $5k car, which will be feasible in my area, but I’m still considering something up to $10k with a bit less wear and age. I’m trying to find the balance between peace of mind with my finances and peace of mind with my vehicle. + +6) I’ll have plenty of options to rent and roommate in my area. Not too worried about this one. + +Thanks to everyone who input their advice, even the rude ones. If there’s something specific you think I should know feel free to dm me. Unless it’s about an “investment opportunity”. + + +#ORIGINAL POST + +Due to a series of unfortunate events I have no car and no home. Currently staying with a friend. + +I do have a secure job that pays $60k gross and health insurance. However that job is seasonal - after my last paycheck in December I only have this $20k to hold me over until I start up again in mid March. + +Using calculators online I’ve calculated: + +I should spend no more than $1300 on rent, preferably less than $900. This is doable in my area. + +I should spend no more than $20k on a car, with a max $500 on a monthly car payment. Anticipating a 16% interest rate, and a $5k down payment, this is also doable. (Edit: This part is clearly a big hang up. These numbers were from the research I did today. I’m thankful for the advice against it but can’t respond to every comment about it. To answer FAQ, yes, I absolutely need a good car. My job and area needs it. On top of that, my personal hobbies and passions revolve around a good off-road worthy vehicle, so there’s the personal life-satisfaction element involved. No, I don’t need these things, was just hoping to try and plan ahead for that.) + +My credit score is 588 - far worse than I realized. I thought it was improving, it was 620 last summer. An old store card got forgotten and went to collections. It’s about $2000 to wipe that debt. I don’t know if paying it right now would improve my credit score enough to improve my chances at renting a place - either way, I have the income stubs to prove my ability to pay. + +Here’s my rough breakdown of how I could use the $20k I have + +1) $5000 for down payment on a car + +2) $5000 set aside for rent for January thru March + +3) $2000 for collections + +4) $3000 for transitioning costs like applications, moving + +5) $5000 for living costs like groceries, gas, and phone + +How does this sound? What am I missing? + +Edit: Additional note: during this offseason I qualify for unemployment, which most people in my job do. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I know this isn’t the right subreddit for this, and that a lot of people are just gonna say that we should’ve never used Coinbase or GDAX, but this problem goes far beyond the normal issues. + +A transfer from an external wallet/platform to GDAX appeared in all of our Coinbase accounts, and then said that it transferred successfully to our GDAX accounts, but then never showed up in our GDAX accounts. So it would appear our money is gone, because our balances are zero. We’ve all opened tickets with support with absolutely no responses, posted on their subreddit, and called to only be on hold for hours without any help. I really don’t know what else to do except try to get us on the front page of a bigger crypto community. + +More details about this issue are here https://www.reddit.com/r/CoinBase/comments/7mx88o/urgent_coinbase_to_gdax_transfer_disappeared/?st=JBUBPP35&sh=a19f1463 + +Thank you so much for your help to anybody who can spare an upvote to bring some attention to this. + +If anybody from Coinbase finally wants to help, my support ticket number is 3221822 + +UPDATE: there’s a comment response from the Coinbase CEO, saying they’ll get to our tickets. Since I doubt they’ll respond again to me (and my balance is still 0 on GDAX so basically this whole issue was still not enough to fix our problem) - here’s my response: + +What proof do I have that my coins are not lost? My balance on GDAX is 0, and my LTC balance on Coinbase is 0. This kind of thing should be a priority issue if people are getting balances of 0 on GDAX with an automatic send to their wallet transfer from Coinbase to GDAX like this. I’m even more frustrated that with 3.5k upvotes and a response, my LTC balance is still 0 from an error on their side. + +One last clarification: I do not have any pending transfer issues (these I’m familiar with an have learned to wait). The transaction on the blockchain finished, the funds even appeared in my Coinbase account. The automatic transfer from Coinbase to GDAX (which has happened at least 5-10 times with no issues for me) this time withdrew the money from my Coinbase account and said the deposit to GDAX was completed. But my balance is 0 for LTC on Coinbase and 0 on GDAX, so this last move to GDAX (which is supposed to be instant, and says completed) zeroed my LTC balance. My balance has been 0 LTC for over 3 days now. This has nothing to do with their wire transfers, although I really feel for everyone still waiting on their withdrawals and hope they resolve that soon. + +UPDATE: it’s been 4 days and still missing all of my LTC + +UPDATE: 5 days now. No more holidays. I have no faith in crypto exchanges anymore. + +6 days now. What a joke. I’ll post the next update in 6 months when my support ticket gets addressed and if I’m lucky they’ll fix our problem. + +FINAL UPDATE: Fixed finally after 6 and a half days. My account has been transferred the litecoin that were missing, thank you so much everyone on reddit for bringing attention to this. I really owe everyone because I had no power at all over this situation and I like to think this post helped get Coinbase to at least address this issue. It would appear others are still having problems with this Coinbase to GDAX transfer, or at least haven’t had their missing coins returned yet, just as an FYI. Thank you so much again everybody!!!! +[https://www.investing.com/news/economy/comic-what-crisis-wall-street-jumps-back-towards-alltime-highs-despite-worries-2184859](https://www.investing.com/news/economy/comic-what-crisis-wall-street-jumps-back-towards-alltime-highs-despite-worries-2184859) + +Has the ship sailed for us bears? + + \_\_\_\_\_ + +U.S. stock markets have been in rally-mode this week, as Wall Street grows more optimistic about the economy reopening, despite uncertainty over the coronavirus pandemic and growing tensions between the U.S. and China. + +The [Dow Jones Industrial Average](https://www.investing.com/indices/us-30) closed above 25,000 for the first time since March on Wednesday, while the [S&P 500](https://www.investing.com/indices/us-spx-500) topped the 3,000-mark, putting it back above its 200-day moving average – a key level watched by traders. + +The easing of lockdowns, optimism about an eventual COVID-19 vaccine and massive U.S. stimulus have powered a recent stock market rally. + +The Dow, S&P (NYSE:[SPY](https://www.investing.com/etfs/spdr-s-p-500)) and [Nasdaq](https://www.investing.com/indices/nasdaq-composite) are up 40.2%, 38.5% and 41.9% respectively above their March 23 lows. + + The impressive recovery rally has propelled Wall Street’s main averages back towards their respective all-time highs reached earlier this year, with the tech-heavy Nasdaq index just 4.3% away from its record peak. + +The bulls have had the upper hand in recent weeks, however that could change should the war of words between Washington and Beijing escalate further. + +That could be the catalysts to take the market lower, bringing the correction most are expecting to come. + +\_\_\_\_\_ +I hope this has been covered here before but I wanted to share my experience to try and help others from going down the same path. + +Rule 1) The most important thing to remember is to NEVER trust anyone when it comes to money and yes, this includes your own family. Always know your financial status, especially if you are going to be the one footing the bill later. + +Rule 2) Manage your own financial aid while in school. I know it is more work and sometimes it can be too much to take if it is your first time but this gives you experience in handling loans and you will benefit from this later. Plus, you know exactly what you are in for once you graduate. need assistance? That's what the financial aid office is for. Only involve others when it is an absolute must and for god sake don't give your financial login info to your parents or anyone else for that matter. + +If you follow these simple rules, you should be able to avoid the mess I have gotten myself into. + +Now story time: + +While in school, my parents took it upon themselves to manage my money. They made sure I had my school expenses covered and that I had enough overage to cover my living costs, etc. I thought all was fine. I mean I did struggle sometimes at the end of a semester where I ran out of cash, but they would eventually give me a little "help" to get me through (keep this in mind, it becomes important later). I did find it odd that anytime I asked about my financial situation, they would give me an excuse and would never really let me take a look, but, i mean, they are trustworthy, right? I mean they raised me after all. Boy was I wrong + +Fast forward to graduation (2010). + +Loans are coming due and I have no job. So, I didn't really push my parents about getting my loan info. However, whenever I did, I thought something was odd since my parents tried to hide some of my loan information from me or they just wouldn't give it to me. They said not to worry about it though and that they were taking care of them and would start to pay them back for me. + +At this point, the grace period is up for my loans. I push my parents for my student loan info. They finally give it to me, turns out, they haven't made a single payment and I am overdue for all of my loans. They say i need to get my shit together and get these loans under control. This is typical for my parents, being a root cause and blaming others, so i didn't really think that much about it. + +I did finally get most of it ironed out and figured out I was close to $90,000.00 in debt. Now, at first, I just normalized this and thought everyone graduated with this much debt over their heads (in state public uni). I mean, it did take me 5 years to graduate after all. So, I stopped looking into my loans and just started paying them. + +Fast forward to present day. + +Here I sit, about 8 years after graduating. still in debt and still piecing the puzzle together of why I owe so much. There were some red flags that I should've caught but didn't. However, recently, I found out about nslds, the national student loan database. I highly recommend using this. From here, I found out that I did have grants that covered most of my college tuition. Furthermore, I found that my parents, including grant money, took out over $25,000.00 per semester for my last year. After covering the semesters tuition, books, and rent, it still set me up for over $2,000.00 a month in spending money. Remember when I said I ran out of money at the end of the semester? yeah, that should've never happened. + +It turns out, they were pocketing most of the overages. + +Now, I know this looks bad but really, It's because it is. My parents were going through a financial hardship at the time (dad was laid off). However, this never gives anyone the right to take money from you. They pretty much made their problem my problem. + +The issue is, in my opinion, your family is more apt to take advantage of you than anyone else. They have already gained your trust and you look to them for life advice and guidance for most of your childhood. This is where I messed up, I should've never put that much trust into anyone. + +However, the fault is both ways. From what I have seen, parents, in particular, are even more apt to take advantage. They tend to justify it to themselves fairly easily. For example, when they originally did this, they most likely thought this would get them by until they were able to pay my student loans. They kept telling me that they wanted to help me pay and that they wanted to pay for my college....they just seem to over estimate what their financial future will look like and have never been in a position where helping me was an option. Now, here I am suffering from their lack of money management competence. + +If I was more willing to deal with my student loans myself, this would have been something that I could have immediately caught. I mean, how hard would it have been to see THAT much in overages? + +In conclusion, just don't trust people with money. They may have good intentions at the time but that's all it turns out to be. Be vigilant. know what your expenses are and only take what you need and finally, if someone is taking care of your loans for you and won't send you an overview immediately when asked, you should stop everything and figure out what is going on. + +I used to be one of those people who were always saying, I would hate to be one of those people who's own parents screwed them over....turns out I was one all along. The student loan racket just makes it too easy for parents to take advantage. Don't let this happen to you. No matter how much your parents say they support you, your paperwork could say something different. money is just a special niche and makes people do things they may not have done otherwise or things they "think" they can correct before anyone would notice. + +EDIT 1: a lot of people are saying I am making large generalizations that don't apply to most situations. That's the point. I know I am. It may not apply and I didn't think it would apply to me either. It is why I am in this mess and why this is a cautionary tale. Not only does doing your own financial aid help you understand and better manage your loans after graduation. It helps you from people, as close as they may be, from taking advantage. So, really, you are the one that benefits. + +Other than that, I am sorry for anyone else who has been in the same situation. good luck to you! However, this has really opened my eyes to just how rampant this is. all the more reason to take care of it yourself. + +EDIT 2: wow. I was really not expecting this but thank you all for the support! For all of the speculation out there, no, I do not have a relationship with my parents anymore, other than the occasional visit once every year or two. and yes, of course this is fraud. However, as others have stated, with student loans it is a niche thing. it is not as black and white as if they just took a regular loan out in my name. I wish it was but it is just not. This is the point of this post. I would never wish for anyone to be stuck in the situation that I am. I have made my mistakes, I just want people to learn from them, that's all. + +As far as any remaining questions go, I will try and answer them but this was way more than I could've ever imagined so it might take me a little time. +Stop losses people + +Use stop losses + +Cant tell you how many times a stop loss has saved me + +Was recently short on GBPAUD and it shot back up, hit my stop loss and kept going up harder than i couldve predicted + +I wouldve lost a lot of money if i didnt have that SL +It’s midnight here in Vermont, but i just got around to opening my mail. Bought the house on 5/6 and locked in a rate of 5.375% and an agreed upon $1329.93 each month on the 1st. + +Before i even got my first payment i got a notice that the mortgage was transferred to “Mr. Cooper” part of Nationstar Mortgage, LLC. + +On the welcome letter that arrived today, it claims “the terms of your loan are staying exactly the same” + +But then it goes on to say the monthly payments are now $1,813.65. + +This won’t fly. I barely qualified for the mortgage as it was, and if we hadn’t locked in a rate and it went up, my income to debt would have disqualified me. + +My original paper packet given to me by my mortgage company i shook hands with plainly states: + +> my monthly mortgage payment is: $1,329.93 paid the 1st of each month. + +My father doesn’t understand why, either. I’m so confuse and a little scared, since I could swing $1330 but I can’t see $1813 working, or why it would change. + +Any insight on if this is legal? Did i just get bamboozled with the old mortgage switch-a-roo? Is my original contract no longer valid? + +Edit/update: + +Thanks for the replies, my inbox is stuffed more than an oversized calzone. I’m trying to read them all. + +Called Primary Residential Mortgage (my first lender) and they explained that indeed, my mortgage principle and interest is $1329.93. But nobody explained to me that this was not inclusive of a few things: + +* county taxes paid quarterly, but collected monthly +* water and sewage, paid quarterly, collected monthly +* PMI, as i only put 10% down on a conventional mortgage +* homeowners insurance, paid annually but collected monthly + +I told them nobody ever told me this the entire time I was signing, but was reassured that $1330 was my one, out the door payment. I went through all my paperwork and there were mentions of estimates on things mentioned, but no where was a line-item “you actually pay this” ammount, which is the $1800 ammount. I voiced my displeasure in not knowing, as I just paid $30,000 down after everything, i’m not worried about the sticker shock. I needed the actual out the door price per month. + +So it appears that my $1800 monthly is accurate until they reassess the taxes and escro at the end of August, and i may be getting a rebate. + +Very frustrating that i had asked and was told time and time again $1300. What would have happened had I just mailed in the $1300? + +I have a call to my new Loan Officer, awaiting confirmation on that new number but man, it just comes off as sneaky sneaky. I straight shoot on my bills. Having to dig around and ask what the actual check amount to cut just comes off as hiding something, as if i’m going to walk away from it all *after* the fact based on the difference. + +Thanks everyone for the replies. + +I also will be looking into the Homesteading program to see if I can lower my taxes, so thanks to those who posted that info. + +Edit 2: there seems to be some confusion here: + +Yes i read literally everything. Every document, email, voice memo, text, phone log, etc. every receipt kept. Every pamphlet, etc. + +The original loan officer admitted that they did NOT get me the line item coupon of what I actually HAVE to pay, instead just a simple letter with the P&I only. + +Yes, i know there’s PMI, taxes and stuff with it. But going by the letter they told me pay $1329.93 on 7/1 and each month. No mention or breakdown of the overage. + +The $1800 price is accurate. They just never got past sending me ever-changing estimates and instead omitted them completely on the “pay this” letter - i’m awaiting the call from the NEW LO to set up auto payments. + +Hope this helps + +Edit 3: i think i’m all set here. + +Called the original loan officer. They admitted they didn’t send the correctly reflexted total to pay in my first payment letter. We went over all the items expected and it makes total sense. They apologized and no harm done; i still have 2 weeks before it’s due. + +Some of the “line items” are dealing with an old-pokey town and county where things just run different (aka slower) - it’s very rural here. + +In my budget sheet, i did have line items for things like home insurance, water and sewer, etc, on TOP of my $1329.93 for the mortgage. If i roll these together it comes very close to the amount Mr. Cooper is asking. + +The confusion lies in when i asked every week for a “what when how much and where” to send my payment, was told officially $1329.93 which is what i was about to cut the check for in 2 weeks. Knowing what I know now, i’m glad i made this post, read all the comments and made a few phone calls. + +I appreciate all the entries. To the clown that Dm’d me telling me i’m a lazy pos that deserves what I get, and that I’ll be homeless by the end of the year…. Man. Have a nice day, i guess + +As far as the CD, it doesn’t look exactly like what many of you are telling me it should look like, but it does outline the other items. Again, I understand the concepts of taxes, PMI, escro and what not. The confusion lied in what i was told to pay vs what the 2nd LO said I ACTUALLY have to pay. + +The matter is cleared up. Hopefully this helps someone else out who nearly has a heart attack in the middle of the night when their mortgage payment appears to go up by 40% + +Thanks, reddit. Love you all + +Xoxo + +Final edit: + +Thanks everybody for chipping in. It was very confusing, i’m missing some paperwork that was not sent to me, there was a discrepancy in terminology of what a “mortgage payment” means vs what I actually pay per month, and it seems to revovle around this closing document that i never got. + +I have a fresh copy coming, i have the money budgeted anyway as separate line items, which the “new payment” includes, so it makes more sense. + +It took this thread and a night of panicking to figure it all out. Now I’m square. And my ducks in a row. + +Now if I could only figure out this VT dmv form +I have to fill out for my car +Hello fellow GameStop investors. I didn't want to have to make this post because I am a really lazy person and was hoping someone else would have figured it out by now. And before you get upset, **the form the DTC distributed to brokers about the GameStop Stock Split via Dividend was indeed incorrect**, but not because they used FC 02 (stock split), rather than FC 06 (stock dividend). + +Let me give you the ta:dr; at the top and you can read the rest of the post for supporting information: + +**FC 02 is correct** + +**Processed As "Stock Split" is incorrect. Processed As should be "Stock Dividend"** + +Ok, now that we have that out of the way, let's move on. + +**Important Splividend Dates:** + +|Ex-Date|Record Date| +|:-|:-| +|July 22, 2022|July 18, 2022| + +According to the DTC, the Ex-Date is considered "irregular" because it is "not one business day prior to the record date." (See image below) + +[DTC's Definition of \\"Irregular Ex-Date\\"](https://preview.redd.it/05iihowfl4g91.png?width=645&format=png&auto=webp&s=a776bc0aa4cd1c1c02b3fec5f49d3bece3432a92) + +(Source: Page 29 on the DTC's "Distributions Service Guide" found here: [https://www.dtcc.com/\~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf](https://www.dtcc.com/~/media/Files/Downloads/legal/service-guides/Service-Guide-Distributions.pdf)) + +Now here's where it gets interesting. I found a memo on the DTC's site while reading about stock splits effected as dividends: + + **Subject: Stock Splits – Processed As Announced in the Marketplace** + +Here are the relevant sections of the memo (you can read the entire memo in the link below): + +[Stock dividend events with irregular ex-dates are announced as a Stock Split \(FC 02\)](https://preview.redd.it/tqbqvnlzu4g91.png?width=704&format=png&auto=webp&s=014f58e8c0f8b2e55c9246869d0a35c48ae7ce49) + +[Processing Event Code, aka \\"Processed As Indicator\\"](https://preview.redd.it/inj8sw71p4g91.png?width=706&format=png&auto=webp&s=12e2dc95b614d43f2724c1d0992fdb30470d4f7b) + +As you can see, stock dividend events with irregular ex-dates (such as the GameStop 4-for-1 Stock Split via Dividend) are given Function Code 02 (FC 02). The memo goes on to explain that comments should be added to the notice to indicate that the event is actually a stock dividend. This comment is to be added to a field called the "Processed As Indicator" in the CCF file that is distributed to brokers. + +(Source: DTC Memo: [https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf](https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf)) + +The document provided by DnB ([original post here](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/)) is a printout from the DTCC's web portal that provides an interface to view the original CCF file (in this case a DIVANN file). + +Below is the first page of the document with annotations for the relevant sections discussed above: + +[Page 1 of DTC Record Detail for the GameStop Stock Split via Dividend \(from DnB\)](https://preview.redd.it/s6ng3r29t4g91.png?width=791&format=png&auto=webp&s=33875a84442e9021afd3ba739408459bfb80c375) + +As you can see, the function code is correct (FC 02), but the Processed As field is incorrect. Processed As should have been "Stock Dividend," instead of "Stock Split." + +**The DTC submitted the DIVANN file to brokers with incorrect information as to how they should handle the Stock Split via Dividend.** + +If anyone has information that is contrary or supplementary to what I've posted, please let us all know in the comment section. I am just trying to provide relevant information that I found while I was trying to understand the differences between "stock splits" and "stock splits effected as dividends." +[S&P CAGR calc used](https://dqydj.com/sp-500-return-calculator/) + +[Treasury's reported yield curves for 1999](https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages/TextView.aspx?data=yieldYear&year=1999) + +&#x200B; + +I'm completely shocked that holding a T-Bond to maturity beat the S&P over any period not starting when Volker hit the brakes. Risk adjusted the S&P is waaaaaay in the negative if you were to use the 20y as your risk free rate (IDK if that would make sense, but it might considering a "buy and hold" long term strategy). + +&#x200B; + +Important Edit: u/kiwimancy was able to find a zero coupon 20 year quote of 6.45% in November of 1999. [Source](https://www.quandl.com/data/FED/SVENY-US-Treasury-Zero-Coupon-Yield-Curve). We can now stop discussing reinvestment rates. + +&#x200B; + +EDIT: Too lazy to do a backtest with reinvestment that matches duration, but Portolfio Visualizer has holding a portfolio of 100% "long term Treasuries" compounding at 7.3% since Dec 31, 1999 (but that's holding more 20y's right now). Given the spread between 10 and 20 year Treasuries over that time it's probably between 6% and 7%. + +EDIT 2: r/investing: If you bought $10,000 of the DOW in 1931, you'd have $30 trillion today. BUY EQUITIES. + +also r/investing in this thread: What am I supposed to do with this useless historical return figure? + +EDIT 3: Even going back to 1996 (definitely not bubble territory) stocks beat long term Treasuries by 2%. Which is not an acceptable return. +Look at these two articles. One on NYT and another on Yahoo. + +[NYT article](https://www.nytimes.com/2021/06/24/business/economy/fed-blackrock-pandemic-crisis.html?referringSource=articleShare) is talking about how the BlackRock has become an arm of the federal government. They have the phone records and calendars to show just how much the Federal Government collaborated with BlackRock before coming to their decisions amid the pandemic crash. [Here's the calendar](https://home.treasury.gov/system/files/236/STM-Jan-Mar-2020-Calendars-Scanned.pdf). [Here are the emails](https://int.nyt.com/data/documenttools/black-rock-emails-march-april-2020/dde950256eaa64f7/full.pdf). + +&#x200B; + +[And here's the Yahoo article](https://finance.yahoo.com/news/nouriel-roubini-on-economic-outlook-and-inflation-132954798.html), quoting Professor Roubini of the New York University. If you don't know him, he is a prophet of economic forecasting. He predicted the Housing Bubble of the 2008. Do you know what his nickname used to be? Cassandra. Seems familiar, huh? (This is from Wikipedia. The quote was something like "He was a Cassandra, now he is a Sage) FYI, he is widely known as his more gloomy nickname, Dr. Doom. I kinda wish Stanley Kubrick was around to make another movie, this time titled Dr. Doom. + +[Take a look at his other predictions here.](https://en.wikipedia.org/wiki/Nouriel_Roubini#Economic_forecast) + +&#x200B; + +In the Yahoo article, he is talking about how the inflation is putting the Fed in a really difficult spot. They can't raise the rates, but not raising them is also leading to deterioration of the economy. Guess who has been talking about this exact problem for the past 6 months? r/Superstonk. All the DDs are being confirmed. Stay calm and don't give in to the FUD. + +&#x200B; + +Back in January everyone was saying that the media changing their stance and talking openly about these issues will mark the beginning of the end. There are too many articles focusing on the possibilities of an economic crash/hyperinflation in the recent weeks. They are grooming the public for what is to come. + +&#x200B; + +I know it is a meme at this point, but - + +LADIES AND GENTLEMEN, THE ENDGAME, ONCE AGAIN. +[https://www.afr.com/chanticleer/how-covid-19-created-a-nation-of-asx-punters-20200506-p54qbd](https://www.afr.com/chanticleer/how-covid-19-created-a-nation-of-asx-punters-20200506-p54qbd) + +Anyone else feeling personally attacked by this article? +In the general trading thread today i linked the live panel feed for **Paydirt's Uranium Unlocked Panel Discussion**. It seemed a few were watching with me so here are the key take-aways and links if you want to re-watch. + +Link for panel discussion video: [https://vimeo.com/event/1000945/videos/552235295](https://vimeo.com/event/1000945/videos/552235295) skip to 58minute mark (middle) +**Password**: paydirt + +I asked a question (the only question asked) and "Calculated-Punt" got a shout out - Question to John Borshoff and Brandon Munro and [response video segment here](https://streamable.com/2n3ra8) + +# Panel Discussion Key Take-aways + +Speakers: Brandon Munro (**Bannerman Resources ASX: BMN**), John Borshoff (**Deep Yellow ASX:DYL**), Mike Young (**Vimy Resoruces ASX:VMY**), and Siobhan Lancaster (**92Energy ASX: 92E**) + +# Supply + +* Supply side of industry has broken down over last 10years. +* Supply side is not prepared for global electrifcation in normal circumstances, yet alone the foot print is going way beyond that with hydrogen development and mass EV take up. + +Is this another false dawn for Uranium? + +* M.Y. "We are in middle of sentiment boom. We haven't seen the price supply boom yet" +* Dec 3rd 2020 - U.S. bipartisan bill came out to support nuclear power --> 28% of US electricity to be supplied by nuclear industry +* Democrats flipped from being opposed to nuclear to Bipartisan support. This is huge! +* The Edge from band U2 has come out supporting nuclear to support climate decarbonisation - lol +* Looming shortfall of supply but great sentiment for value of nuclear growing. The reception for nuclear has changed enormously in last 5 years, but even more so in the last 5months. A year ago: "1 google search every 5 weeks. Now 10 articles from big media names every day" - uranium searching/posting + +92Energy is first uranium company to list on ASX in 10years. Not including shell companies/name changes + +**Exploration** + +* Camaco haven't invested in exploration in years +* Kazataprom exploration has dwindled to near nothing +* Orano has only just re-started exploration +* The big supply drivers are just not going to get started easily + +**Buying Physical Uranium - by Dennison Mines, Boss Energy & Encore** + +* John: whats the point in buying uranium. "when I was at Paladin I never bought a single lb of Uranium". We just trusted our judgement we could supply. "The Sprott UEC vehicle to buy uranium though will be a market maker." +* M.Y. "When Investor's money comes in for Sprott - they will have 30 days to buy uranium. It will be true spot price discovery - buying it on the day with bids in the market and creating spot movement" +* ! "Sprott is going to be game changer. Will likely be available in 6months" +* Contract market will improve before spot market as part of the inbuilt arbitrage + +**Jurisdictions** + +* Namibia is great jurisdiction, as is Canada and Australia +* Namibia has one of the better track records in last 15years for uranium production +* Uranium bans in Sweden and Greenland, with difficulties in Spain and couple other parts of Europe. +* Jurisdiction and ESG proof is becoming very important for Uranium mining +* Finding new mines and developing new mines in countries that have never exported uranium before is a greater and greater challenge. +* Only John B has done that before with Kayelekera mine in Malawi (now owned by Lotus Resources) +* John: "I would not do it again. I would not go into a country that does not currently have approved uranium mining jurisdiction" - their is enormous commitment you need to get a non-uranium country into the business. + +**Demand Side** + +* Uranium going into growing nuclear power sector +* Large scaled builds coming out of China, middle east, asia +* UAE is building 5.6GW of power, 25% of their power will be nuclear!! And they are currently on time and on budget. – not many people know that +* OEC countries have political headwinds against nuclear power plant developments +* Non-OECD countries - "this is what we are building, it will be cookie cutter and we will build in mass and no one can say no" +* Growth will come out of Non-OECD countries and will outstrip curtail of plants in OECD countries (Belgium) +* Observing an inflection point due to decarbonisation and green policy take-up +* "The official growth targets in nuclear are enormous. The unofficial consequences of additional green policies (decarbonisation by 2050/2060 etc) are at least double that again" - Brandon + +**Nuclear in Australia** + +* Any chance we will approach an inflection point in Australia for Nuclear take up? +* Brandon Munro: Projecting a couple decades forward, Australia is at great risk on falling on wrong side of two critical judgement points in history. +* **1)** the morality boundary when it comes to decarbonisation --> Could progress into a trade boundary. +* If we see large economies like China achieve their decarbonisation goals, it would be expected that if Australia doesn't follow suit there will be trade tariffs and other barriers thrown up against us (australia) - both at a national level and industry level. +* **2)** Energy poverty barrier - consequence for future generations from very poor policy making today. +* If we go and build this dream for 100% renewables - we are simply conceiving and entering a gestation period for energy poverty that our following generations will inherent and suffer from. +* **Grid stability** for a developed country is an absolute non-negotiable essential, taken for granted aspect of every day life and every day industry. And that is not compatible with intermittent renewables at a large degree of penetration. Renewables are ok for 15-20% of grid supply, but at large penetration it is incompatible with grid stability. +* For storage the cost will go up dramatically. +* For countries that don’t have a nuclear policy bias (like australia) Nuclear offers a very very sound, cost effective and environmentally friendly solution that will offset that intermittence of renewables. Even if only 10 or 20% of grid supply, it can keep a country from stepping over the line of energy poverty. + +**My Question to** + +" Can you ask John and Brandon due to the nearality of the two projects if they see any value of the two companies jointly sharing information (geology, mapping,) and perhaps funds for development of shared infrastructure - roads, rail communications etc" + +I believe they read between the lines and took it as "who will buy who" of which John brushed it off and went on a rant about the World Nuclear Agency (WNA). Brandon said "Calculated-Punt is aware there is still enough lawyer in me to know I cannot answer that question". Then also went on to talk about WNA. + +* Overall enjoyable panel event and even greater confirmation bias we are on the cusp of a significant Uranium bull market ☢️🐂📈 + +If you are interested and want more info [here is the link to my Uranium market DD](https://www.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/) and there are number of posts where ASX companies are covered. My top picks are LOT, BOE, BMN, DYL (and DYLO), PEN and DNN on US exchange + +may your tendies glow green ☢️🐂📈🍗👌 can follow on twitter: Calculated-Punt +We've seen a lot of news about this lately and very little research. I have a number of questions. Would this decrease the gap between the very rich and the poor? Would this result in an increase in inflation? Would this result in an increase in salaried positions? Would job growth decline our increase in the short term and long term? Would this speed up the transition to a automated or robotic work force? How would this affect small businesses? Would this decrease the number of people on social welfare programs? Are there any studies on areas that have previously increased their minimum wage by a large amount? +I used to appreciate his posts but this is getting out of hand as he is creating a new thread every day, sometimes multiple times a day. His "uncle" holds 1.35 million USD in ETH (ya ok). + +https://np.reddit.com/r/CoinBase/comments/6ffaks/coinbase_locked_account_and_holding_over_5400_eth/ + +Something about this feels very off and it's possible he's trying to manipulate the market with his "predictions". Read his previous posts, he actually thinks this is possible. Also he deletes posts when he's wrong. + +I've had enough of this and I hope the mods will step up and do something about it. + +It's making /r/ethtrader look like a circus, and his intentions do not appear to be genuine. + +Edit: Just received this PM... + +> Hey, + +> About your ScienceGuy post on ethtrader. Yeah, I'm pretty sure you are correct. I looked through his posts before and there was one about him trying to move some 29 BTC a few weeks ago. He's since edited the post to remove the transaction, but I think it's safe to say he is likely using these funds to give the market a little push in the right direction. + +> I didn't want to comment this information as it might be seen as private and either way the post is edited... There might be a cached copy, but I haven't checked. + +> Anyway, just thought you should know. +An anonymous hacker claims to have leaked the entirety of Twitch, including its source code and user payout information. + +The user posted a 125GB torrent link to 4chan on Wednesday, stating that the leak was intended to “foster more disruption and competition in the online video streaming space” because “their community is a disgusting toxic cesspool”. + +VGC can verify that the files mentioned on 4chan are publicly available to download as described by the anonymous hacker. + +One anonymous company source told VGC that the leaked data is legitimate, including the source code for the Amazon-owned streaming platform. + +Internally, Twitch is aware of the breach, the source said, and it’s believed that the data was obtained as recently as Monday. We’ve requested comment from Twitch and will update this story when it replies. + + The leaked Twitch data reportedly includes: + +* **The entirety of Twitch’s source code with comment history “going back to its early beginnings”** +* **Creator payout reports from 2019** +* [**Mobile**](https://www.videogameschronicle.com/platforms/mobile/)**, desktop and console Twitch clients** +* **Proprietary SDKs and internal AWS services used by Twitch** +* **“Every other property that Twitch owns” including IGDB and CurseForge** +* **An unreleased** [**Steam**](https://www.videogameschronicle.com/platforms/pc/steam/) **competitor, codenamed Vapor, from** [**Amazon Game Studios**](https://www.videogameschronicle.com/companies/amazon-games/) +* **Twitch internal ‘red teaming’ tools (designed to improve security by having staff pretend to be hackers)** + +Some Twitter users have started making their way through the 125GB of information that has leaked, with one claiming that the torrent also includes encrypted passwords, and recommending that users enable two-factor authentication to be safe. + +Finally, the leaked documents allegedly show that popular streamers such as Shroud, Nickmercs and DrLupo have earned millions from working with the popular streaming platform. + +[https://www.videogameschronicle.com/news/the-entirety-of-twitch-has-reportedly-been-leaked/](https://www.videogameschronicle.com/news/the-entirety-of-twitch-has-reportedly-been-leaked/) +# [Brett](https://twitter.com/Brett_FTX) has agreed to do an AMA with us🥳 + +We're still discussing all the details but we want to start collecting questions. + +[Partnership announcement](https://preview.redd.it/fg3evysyf1n91.png?width=1156&format=png&auto=webp&s=e2bcbdcf7b6c6b628477b1b59f4d21cdf241f4b2) + + [https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx](https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx) + +What is [FTX](https://about.ftx.us/)? + +FTX.US is a brand new US-regulated cryptocurrency exchange, built from the ground up. Our mission is for FTX.US to grow the digital currency ecosystem, offer US traders a platform that inspires their loyalty, and become a market leading US cryptocurrency exchange over the next two years. + +Brett's Bio - Prior to joining FTX US, Brett was Head of Semi-Systematic Technology at Citadel Securities, where he managed technology for the firm’s Options, ETF, OTC, and ADR trading globally. He began and spent the majority of his career at Jane Street, where he led the firm’s algorithmic trading system development. He also previously worked at Headlands Technologies as a senior software developer. Brett received his M.S. and B.A. in Computer Science from Harvard. + +Thank you in advance to anyone leaving a well thought-out question!! We always get compliments on the questions💖 + +(shoutout to [u/rimjeilly](https://www.reddit.com/u/rimjeilly/) for reaching out to him! Here's [their post](https://www.reddit.com/r/Superstonk/comments/x9mjre/mods_ftx_brett_replied_to_me_and_agreed_to_an_ama/) showing Brett's response) +““The tendies are coming, the tendies are coming” – Paul Revere”” – HomeDepotHank69 + +Apes, I have excellent news. Today, I woke up (with only a half chub) and thought to myself “I’m gonna be super productive today and get a ton of work done.” Then, my ADHD medicine kicked in and I went down another GME rabbit hole. Here is the product of that (I will warn you, this is long): + +I have done a lot of digging and have found some extraordinary similarities from last year’s annual meeting of stockholders to this one and why it and the months leading up to it should be HUGE for GME. This is not a technical analysis, this is pure DD. I am not a financial advisor and this is not financial advice. + +Just a note: you can find all of these documents simply by searching “Gamestop Notice of 2020 Annual Meeting of Stockholders” on Google, I just picked out the important parts to make it easier. + +**History** + +I am first going to start with GME’s share price as of April 2020: + +https://preview.redd.it/8vdfrd67c0r61.png?width=1396&format=png&auto=webp&s=48c7b8413ba4ab2e925d7332c6e5967a13b990fc + +&#x200B; + +As you can see, on April 3rd, 2020, GME’s price bottomed to under $2. This was due to Covid absolutely crushing the company and shorters seeking to hit the “bankruptcy jackpot.” However, on April 3rd and the next few days, we see the price of GME almost triple all the way up to $6. Why was this? Some of you may remember Michael Burry announced his GME position in April 2020. Well, that’s not what caused this rise as Burry announced his stake on Friday the 10th, which caused a rise on Monday the 13th: + +&#x200B; + +https://preview.redd.it/2nex5908c0r61.png?width=1388&format=png&auto=webp&s=de67e9bdd2d979c91dc9bb43bc53b2a12da68ae9 + +So if it wasn’t Michael Burry’s announcement of his position, then what was it? Was it the announcement of the annual shareholder’s meeting? Nope, that was announced in late April as well: + +https://preview.redd.it/ng9w1hn8c0r61.png?width=1308&format=png&auto=webp&s=80752e0a42df99f79379699efda585b273c938b3 + +&#x200B; + +So, if it wasn’t either of those things, then what was it? The drastic rise in GME starting April 3rd, 2020 (which seems pathetic compared to today’s price action) was due to a group of activist investors, Hestia Capital, who owned 7.5% of GME at the time announcing that they would be nominating new members of the board at the shareholders meeting. When was this letter released? April 3rd, 2020: + +&#x200B; + +https://preview.redd.it/y9fc9ul9c0r61.png?width=1380&format=png&auto=webp&s=2203bb2a004f5510f8d37d0e0415f26a165233b2 + +Why is this significant? Well, for some reason it was pretty well known that GME’s short interest was over 100% at this time (still blows my mind that more people didn’t pounce on this at the time, myself included). Again, this was because Covid was destroying GME and shorts were looking to get the “bankruptcy jackpot.” I believe that this is when shorts were deploying massive amounts of naked shorts. Their reasoning was that if they pushed GME into bankruptcy, they wouldn’t have to repay the naked shorts because the company wouldn’t exist anymore (this is just a theory but it seems reasonable considering what’s happened today). Shorts took a calculated risk that they thought would pay off. Their reasoning was that at the best they hit the bankruptcy jackpot and at the worst they stock goes up a little and they take a slight loss due to the naked shorts (boy were they wrong on that one). Well, their plan almost worked. They got it down to under $3. Then, this statement came out. Why is that statement significant? Well, this letter explicitly stated that GME has high short interest and that in order to vote, shareholders need to recall their shares from anyone who has them on loan before the date of April 20, 2020: + +https://preview.redd.it/pc0t84fac0r61.png?width=1376&format=png&auto=webp&s=44b6abff32b7961952a48798d464c491f3c7a445 + +&#x200B; + +Look back at the GME chart that I posted at the top of this. BOOM. This company announces that and people start recalling their shares, forcing some shorts to cover. GME’s massive short interest at this time was already well known: + +https://preview.redd.it/p0046h2bc0r61.png?width=1326&format=png&auto=webp&s=ffee6642fffdc657bb343467eff365a777f9bb84 + +&#x200B; + +From that point on, GME's price never even got close to that $3 range again: + +https://preview.redd.it/b5gn9tubc0r61.png?width=1304&format=png&auto=webp&s=a73405eb69dce6967d5a7a95684f6fcd1e1fb484 + +&#x200B; + +I couldn’t include the rest of the chart because it makes these moves seem insignificant because of GME’s massive price today. This is where the shorts should’ve thrown in the towel and taken the loss, but they didn’t. They kept shorting GME and, as we all know, the short interest eventually hit 140% and the January events happened. And know we’re here, exactly 1 year later to the tee. The rest of this post will be going over the similarities of this period last year to today and my thoughts on what might happen. + +**Similarities** + +So, as stated above, GME’s price rose so rapidly on April 3rd because of that proxy statement urging shareholders to recall their shares. This, which was simply an urging, not a full recall, lead to an almost 3x increase in price in just a few days. Imagine if GME does a forced recall of the shares this time around: BOOM. + +The first similarity is the presence of activist investors trying to make a fundamental change to GME as a company. The 2020 activist investor that I mentioned above, Hestia Capital, was what Ryan Cohen currently is. From the proxy statement, we can see that Hestia was actively trying to replace people on the GME board of directors for their inaction and ineffectiveness: + +https://preview.redd.it/adj3y4edc0r61.png?width=1366&format=png&auto=webp&s=dcaae3d58dffe33c36eb3ff6b9c02c1544db95ce + +https://preview.redd.it/yzjcp6edc0r61.png?width=1324&format=png&auto=webp&s=3081f2c2f5034871461197e61f6b6e0e1855e1c0 + +https://preview.redd.it/desngdedc0r61.png?width=1348&format=png&auto=webp&s=d66cfdecd99b8f97de088f16ab4dcab54aad716b + +&#x200B; + +Also, note that the whole point of this proxy letter was Hestia announcing that they are nominating people to the board for the 2020 meeting and that shareholders need to vote. Does this feel any similar to Cohen getting on the board, ousting the C.F.O., and bringing on Chewey and Amazon execs? + +Throughout the letter, Hestia documents the reasons for their desire to change the board and documents a history of the events leading up to it. This is far too much information to screenshot, but I encourage you to read it for yourself: [https://news.gamestop.com/node/17596/html](https://news.gamestop.com/node/17596/html) (Search “reasons for the solicitation” and “background of the solicitation” within the document to find these points). + +To recap, we have the presence of an activist investor trying to shake up the board of GME, GME having a massive short interest, naked/abusive shorting activity, the annual shareholders meeting being in June (last year it was June 12th, this year it is June 11th), and an activist investor trying to change the fundamental direction of the company. All of this went down in April and was related to the shareholders meeting in June. + +Sounds pretty similar to today right? But what’s the difference? Ryan Cohen is a much stronger activist investor, seems to have more power in the company, has a clearer vision than Hestia, and is making changes more aggressively. Another difference is obviously GME’s price, media coverage, and volume. The short squeeze has made GME a hot media topic, the price is multiples higher than it was a year ago (almost 200x), and the volume (though lower recently) is still MUCH higher than it was one year ago (see any GME chart and compare the volume). But there’s one more difference that is crucial. There is an odd phenomenon in GME today. A strange primate whose scientific name is hominoidea, whose hands are strong as diamonds, and whose wives have endless boyfriends. Yes, I am talking about apes. The uncanny ability of apes to buy and hold throughout any storm has created a sort of wall of support on GME that makes it very hard for shorts to kill the price. Combine that with another strange creature, whose scientific name is Cetacea, who has deep pockets and a symbiotic relationship with hominoidea. This is our whale. This symbiotic relationship means that the shorts are toast (I’m not even joking here, apes have created a wall of support, we have power). Combine all of this with the abusive shorting, failure to deliver cycle, statutory leverage ratio relief not being extended, and new DTCC/SEC regulations on abusive shorting and you have a recipe for tendies. + +**The future** + +So, I broke down the past, showed you the similarities, and talked about the present. Now what? Well, here are my thoughts on how the potential GME shareholder’s meeting and the months leading up to it could affect the stock: + +First, I want to echo what everyone else says about dates and predictions - they are not set in stone, do not base your strategy off of them, and do not treat them as fact as it could lead to more doubt among newer apes. This is not a prediction, this is simply a date/time to keep in mind. I am not a financial advisor and this is not financial advice. I am Hank. Uncle Hank. + +I would like to turn your attention to the week of April 12th and the week of April 19th. This is a 2 week period. As many of you apes know, our golden ticket would be a share recall. A share recall would force shorts to return the borrowed shares of GME to the rightful owners. Obviously, this would literally force the shorts to cover and would lead to massive tendies. As I've said in my previous posts, GME needs volume in order to rise and catalysts are what create volume. As we have seen, GME is particularly sensitive to catalysts, especially those relating to its leadership and Ryan Cohen. This was most evident when GME shot back up from the dead in late February after they announced the ousting of their C.F.O. + +The SEC does not allow a company to recall its shares earlier than 60 days of the shareholder's annual general meeting. Many people hoped a share recall would be announced during earnings (Mar 23), but this would have been a violation of SEC rules, so that was off the table from the start. For context, here are the dates of the past four meetings: June 10, June 26, Jun 10, June 2. This year’s meeting is June 12th or 11th (not sure which but it’s one of those). + +Let's use June 11 as our assumption. 60 days prior to June 10th would put us at April 12. Moreover, the tenure of the current C.E.O. also lines up with that date. The current C.E.O. is on a vesting schedule (incentive to stay with a company until a certain date to receive some form of compensation). Per his vesting schedule, he will get 84k shares of GME on April 15th. GME could possibly be waiting until that date to announce Cohen as the C.E.O. (or at the very least to announce that the current C.E.O. is parting ways with the company). Remember when this happened to the C.F.O in February (the price returned from the dead), just imagine how much bigger the rise would be if this announcement was for the C.E.O. + +Now, turn your attention back to everything I said above about last year. Maybe GME will announce that they are planning on holding some kind of vote for board positions, or maybe someone with a significant stake in GME (oh Idk maybe Cohen whose stake is almost double what Hestia’s was) could submit a proxy statement similar to Hestia’s which encourages shareholders to recall their shares so they can vote. Or, maybe GME will announce a forced recall for the purposes of voting (GME already acknowledged in their SEC filing that they are aware that their stock still has very high short interest). Maybe this explains why the conference call was so bland: the C.E.O. knows that he’s on the outs and was instructed by the board to give a bare-bones call so they can announce the juicy stuff later when he’s out. OR, maybe there will be more announcements about more board members coming on similar to the recent announcement of the Chewey and Amazon execs. Either way, if any of these announcements require a vote and shares are forcibly recalled or if it is recommended that shareholders recall their shares, then maybe we will see something similar to last year. + +That date (April 15th) is also significant because the monthly options for April are expiring on April 16. Because of that, expect, at the very least, higher volume on that Friday and the Thursday preceding it. This might also explain why the earnings call felt so bare-bones. AT THE VERY LEAST, we will get some kind of good announcement during the shareholders meeting in June, but I would expect something sooner. At this point, I don't see a world where Cohen is not named a C-suite executive of GME. He owns 13% (obviously has a huge personal interest in its success), has recruited Chewey executives (and maybe the person from Amazon as well), and appears to be shaking up the board and other C-suite positions. I would be shocked if he just kinda sat outside the action as the puppet master. He has too much vested in this to not obtain direct power over the situation. It also appears that the company is going in the direction that he wants to take it (e-commerce shift), so it wouldn't make sense for him not to be a C-suite executive at some point. It's also significant that GME has made leadership announcements in each of the past few months (C.F.O. in February, Amazon + Chewey Execs in March), and that it would make sense for another announcement to come in April especially considering last year's activity in April regarding leadership and where Cohen is currently trying to take the company. + +As many of you know DFV's calls expire on that day. At this point, it should be obvious that he is exercising those because if he was gonna just take the profits and rollover the contract, he would've done so much earlier because theta has been eating those. This is again just conjecture, but maybe DFV is waiting until that date to exercise his calls in order to inflict more pain on market makers for failing to deliver shares. This is again just conjecture did research similar to this and came to the conclusion that April 16th would be a crucial day, so he is waiting til then to exercise to put more pressure on the failure to delivers. If you've kept up with his updates, he has plenty of cash on hand so he could easily exercise these. What he could also do is buy more calls (at a later date), which would put obvious upward pressure on the stock. One thing is for certain, he's not going to let those options expire worthless, especially considering the fact that he has millions in cash in his account. + +Finally, I also wanted to discuss why I believe that the leadership of GME (at least the new ones) and Cohen are on our side, which is why a share recall would benefit them. First, as we all know, Cohen loves to tweet cryptic stuff (it's actually pretty obvious that it's about GME). A few weeks ago he tweeted that video of the puppet that people deciphered to be about a commercial that said "I love your shorts." Recently he tweeted a vid of TED hitting a bong that people deciphered to mean either bears got smoked or bears took a big hit (this is when it shot up significantly in a day). So, as we all know Cohen is insanely interested in GME and its stock price - and why wouldn't he be, he has 13% ownership (there are also reports of him calling up disgruntled customers asking how he can make their service better). Now, this is why a share recall would benefit GME. There are two different sets of assumptions that we have to work with here: assumption 1 is that the leadership of GME (Cohen included) does not subscribe to the theory that GME is abusively shorted. If we go with this assumption and say that GME is only shorted 25% (boomer data), a share recall benefits them because it will alleviate some of the selling pressure that shorting creates, which will allow the stock to go up. Assumption 2 (the more likely assumption) is that the leadership subscribes to the theory that GME is being abusively shorted. The reason why I believe this is more likely is because of their SEC filing where they addressed that GME has high short interest and that continuing this could cause a short squeeze. This was like when Porsche announced that they had a huge stake in VW to "warn" the shorts to cover. If this theory is true, GME is aware that their company is being abusively shorted and is not reflective of the real price of the stock. Therefore, it would be significantly in their interest to recall shares, which would force naked shorts to cover and would DRASTICALLY decrease the downward pressure. Whichever theory they subscribe to, it benefits them immensely to do a recall, and I believe that assumption 2 is far more likely. + +Yeah I know that was long, rabbit holes will do that to ya. + +**TL;DR** + +One year ago to the tee, GME’s stock rose on the announcement that an activist investor was having a vote and they recommended shareholders to recall their shares. The short interest was over 100%. The activist investor sought to shakeup management and change the direction of GME. Fast forward to today (exactly 1 year later), and we have an activist investor changing up the company. If GME does a share recall ahead of this meeting or if Cohen releases a proxy statement encouraging shareholders to recall their shares, we could very well see a meteoric rise similar to last year at this time. GME has not provided much information on that meeting, so, similar to last year, updates could come in the month of April. We know that any announcement about leadership changes makes the stock rise. + +Not a financial advisor, not financial advice. Am primate. +My older brother and his wife had dreams, but he kept saying he would postpone them until he retired. + +He wanted to travel the world. See exotic spots. Train for a marathon and complete it faster than other people his age. Live in 12 different cities around the world every month for a year and wander the streets and live like a local. Work on his golf game and finally get a hole in one. + +Finally, he reached 62 and went on Social Security and became eligible for his pension. Within a few months, his arthritis became so bad he can hardly move. He has gone to countless doctors, they can't really help him. + +Waiting to retire a few more years so he could save a bit more money was a terrible mistake. Can you relate? +***EDIT:*** *I'm adding some DO-NOT-MISS comment links at the top here:* + +* u/throwawaylurker012: + * [*https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzd6a5n/*](https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzd6a5n/?utm_source=share&utm_medium=web2x&context=3) + * [*https://www.reddit.com/r/Superstonk/comments/t6sjl3/comment/hzd5eyl/*](https://www.reddit.com/r/Superstonk/comments/t6sjl3/comment/hzd5eyl/?utm_source=share&utm_medium=web2x&context=3) +* u/CruxHub: + * [*https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzdjlyb/*](https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzdjlyb/?utm_source=share&utm_medium=web2x&context=3) +* u/JustBeingPunny: + * [*https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzcqq8h/*](https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzcqq8h/?utm_source=share&utm_medium=web2x&context=3) +* u/eaglekeep3r: + * [*https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzd742g/*](https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzd742g/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +# = = = = = = = = = = = = = = + +***\*\*\*ORIGINAL POST BEGINS HERE:\*\*\**** + +# CALLING ALL WRINKLE BRAINS: + +**Considering all the recent findings/discussions around Leverage, Equities, and Derivatives,...** + +* *Recent Example:* u/JustBeingPunny\*'s post from a few days ago\* [*\[HERE: "CITADEL ARE LEVERAGED TO THE TITS...."\]*](https://www.reddit.com/r/Superstonk/comments/t4gxzp/citadel_are_leveraged_to_the_tits_900_billion/) + +...**the fact that Kenneth C. Griffin + Citadel just created "Citadel International Equities" is very likely a significant development that will provide new avenues of investment & revenue fuckery for Citadel...** + +&#x200B; + +# NOTE: WEN ANNOUNCE, CITADEL?: + +* ***Not a single news/PR release has been made about this brand new "Citadel International Equities" group (***[***Google Search Shows "No results found"***](https://www.google.com/search?q=%22Citadel+International+Equities%22&biw=1600&bih=839&tbs=sbd%3A1&tbm=nws&ei=sVwiYtH6LtmbptQP46-48A8&ved=0ahUKEwiRl56Xja32AhXZjYkEHeMXDv4Q4dUDCA4&uact=5&oq=%22Citadel+International+Equities%22&gs_lcp=Cgxnd3Mtd2l6LW5ld3MQAzIFCAAQgAQyBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB46BAgAEENQswdYnA1g5w9oAHAAeACAAVWIAeABkgEBM5gBAKABAcABAQ&sclient=gws-wiz-news)***), by either Citadel or any M$M outlets they $peak to***... +* ***Which I SOOOO FUCKING HOPE means Kenneth C. Griffin wasn't ready to announce this to the world yet. ;)*** + +&#x200B; + +**The details I've collected so far are below- somewhat thin, but I'd rather not waste time alerting the wrinkles to this :)** + +[*^(https://i.redd.it/q52pyfqd0hl81.png)*](https://i.redd.it/q52pyfqd0hl81.png) + +https://preview.redd.it/pitz03urhfl81.png?width=3104&format=png&auto=webp&s=c9e754c9ad35415c7599d85fb913d15a3cbe73ff + +# = = = = = = = = = = = = = = + +# + +# "Citadel International Equities": + +* **"Citadel International Equities" (CIE):** + * Was not listed on Citadel's "Investment Strategies" page until Feb 28, 2022: + * Old page: [https://archive.is/K9GL8](https://archive.is/K9GL8) New page: [https://archive.is/qW8va](https://archive.is/qW8va) + * Page modification timestamp (Feb 28, 2022): + +https://preview.redd.it/ylehatzxqel81.png?width=1316&format=png&auto=webp&s=664f189c59d677ca417325d7bd8fa79a9c981932 + +* **Live CIE page:** + * [*https://www.citadel.com/investment-strategies/citadel-international-equities/*](https://www.citadel.com/investment-strategies/citadel-international-equities/) +* **Archived CIE page:** + * [*https://archive.is/5PZjB*](https://archive.is/5PZjB) +* **CIE Headed by:** + * Sean Salji + * *Live page:* [*https://www.citadel.com/leadership/sean-salji/*](https://www.citadel.com/leadership/sean-salji/) + * *Archived page:* [*https://archive.is/ojThg*](https://archive.is/ojThg) +* **Opening page copy:** + * *"****Established in 2022****, Citadel International Equities (International Equities) is a multi-manager equities business comprised of the firm’s equity operations in Europe and Asia. The business is run out of London, with leadership and central operations teams in both Europe and Asia. \[...\]"* +* **Video interview posted 2 days after CIE page went live:** + * Citadel added a new page to their "Industry News" section: + * **Title:** *"What is the history of the derivatives market? March 3, 2022"* + * ***Stephen Berger***\*: Global Head of Government & Regulatory Policy\* + * ***Heath Tarbert***\*: Citadel Chief Legal Officer, speaks with Stephen Berger\* + * Live page: [*https://www.citadelsecurities.com/news/what-is-the-history-of-the-derivatives-market/*](https://www.citadelsecurities.com/news/what-is-the-history-of-the-derivatives-market/) + * Archived page: [*https://archive.is/evLWB*](https://archive.is/evLWB) + * Possibly a relevant entry to time up w/ the newly established group- this video interview may be Citadel seeding plausible reasons to be starting CIE right now to their investors + * Video itself: + +&#x200B; + +* **CIE Job Listing "International Equities Associate":** + * Live page: + * [*https://www.citadel.com/careers/details/international-equities-associate/*](https://www.citadel.com/careers/details/international-equities-associate/) + * Archived page: + * [*https://archive.is/1nk10*](https://archive.is/1nk10) +* **Google search showing the only CIE web result from** [**Citadel.com**](https://Citadel.com) **is from Tue March 1, just 3 days ago:** + * [*^(https://www.google.com/search?q=inurl%3Ahttps%3A%2F%2Fwww.citadel.com%2Finvestment-strategies%2Fcitadel-international-equities%2F&biw=1600&bih=839&source=lnt&tbs=cdr%3A1%2Ccd\_min%3A1%2F1%2F2000%2Ccd\_max%3A3%2F4%2F2022&tbm=)*](https://www.google.com/search?q=inurl%3Ahttps%3A%2F%2Fwww.citadel.com%2Finvestment-strategies%2Fcitadel-international-equities%2F&biw=1600&bih=839&source=lnt&tbs=cdr%3A1%2Ccd_min%3A1%2F1%2F2000%2Ccd_max%3A3%2F4%2F2022&tbm=) +* **Google search specific to** [**Citadel.com**](https://Citadel.com) **showing only 4 CIE mentions on the entire domain:** + * [*^(https://www.google.com/search?q=site:citadel.com+%22Citadel+International+Equities%22&source=lnt&tbs=li:1&sa=X&ved=2ahUKEwjqw)*](https://www.google.com/search?q=site:citadel.com+%22Citadel+International+Equities%22&source=lnt&tbs=li:1&sa=X&ved=2ahUKEwjqworEga32AhXDN30KHVTDBg0QpwV6BAgBECA&biw=1600&bih=839&dpr=1.8) + +&#x200B; + +# "Citadel Global Equities": + +* **As noted, CIE is NOT the same as CGE** +* **Headed by:** + * Justin Lubell +* **Live page:** + * [https://www.citadel.com/investment-strategies/citadel-global-equities/](https://www.citadel.com/investment-strategies/citadel-global-equities/) +* **Archived page:** + * [https://archive.is/5exaT](https://archive.is/5exaT) +* **Opening page copy:** + * *"****Established in 2001****, Citadel Global Equities (CGE) is Citadel’s founding fundamental equities business. CGE brings together the leading minds from across six primary investment sectors ranging from Consumer to Energy to Healthcare. Within CGE, our Primary Strategies team supports corporate capital formation by investing in initial and follow-on issuances of stock."* + +&#x200B; + +**Side by side of each live page:** + +https://preview.redd.it/irsh7sq6mel81.png?width=3624&format=png&auto=webp&s=884f7e8e0620ea8ca651318e3aedf70f7735ebc5 +70% of this sub thinks Safemoon and cryptomoonshot members are annoying little kids with $100 to their names hoping to be the next Barren Wuffett. + +70% of the Safemoon sub thinks this r/cc is full of boomers that love 0.5% APR. + +70% of the ADA sub thinks Chuck Hoskinson is Jesus Christ incarnated. + +99.9% of the Ethereum sub thinks Chuck Hoskinson is a snake oil salesman. + +70% of ERG holders think they're holding "the next ETH". + +99% of all bitcoin sub thinks non-bitcoin crypto are all scamcoins. + +70% of new crypto holders don't even have any bitcoin because they got turned off by the annoying boomer btc maximalism attitude. + +80% of xrp hodlers think it's a real decentralized crypto. + +70% of r/cc thinks xrp is a centralized banking Trojan horse. + +And so on and so forth.... + +**Also don't forget:** + +80% of all statistics are made up and pulled straight out of somebody's asshole. + +99% of all posts on these subs are moon farming attempts by desperate sad fucks. + +70% of all posts with numbers and "percents" are flat out wrong. +Hey there, + +I am thinking about investing it but to be honest have no idea about it. Should I talk to my bank? Its better to do it online as the bank takes high fees right? + +Also what amount of money do you need to be able to live off the returns of the investment? + +thank you for your help guys. +Good morning everyone, + +I am new to real estate investing and have been wanting to since I was 21, but didn’t have the means. + +I’m 29 now make over 125k a year and have 100k saved up for a down payment on one or multiple properties. I have read Gary Keller’s “Millionaire real estate investor” but also am an avid Dave Ramsey follower. They have almost opposite opinions on how to handle real estate investing. + +With Gary Keller’s book he talks about the Velocity of money and refinancing after a certain point to buy more and more property this sounds great in theory! In any economic downturn like 07/08 I would think 90% of people who are doing this will be going bankrupt. + +Dave Ramsey used this method early in his career became a millionaire before 30 and then went bankrupt because of a poor economy. + +I see the first method as enticing, but highly risky. + +I’ve seen arguments used as well the interest is tax deductible why the hell would I want to pay interest so that I can get a tax reduction that just seems so stupid. + +In conclusion, + +I am tempted to buy 3-4 properties over the next year, but have major concerns about these two conflicting thoughts. I’m thinking I understand both correctly, but am just risk averse subconsciously. + +Would appreciate any thoughts or clarification as well as any advice moving forward. +Attended another auction today, no interest in buying the property at today’s prices, just keeping an eye on things. Apparently no one else was interested either as there were ZERO bids. What I found interesting was the auctioneer placed a seller/vendor bid of $1,150,000 when no one bid. No bids from anyone and they had already pushed the price up from what was listed on domain, potentially still short of the reserve anyway. At the end of the auction everyone got up and left straight away. + +Can anyone give light into this tactic/what they expected? (Apart from the obvious of more money) Are they even allowed to push the price up from what was initially listed? Are they trying to list a low price to to get more interest in the auction then hope people will have a bidding war? + **I'm going to keep this transparent and straight the the chase.** + +**THESE MOONSHOTS ARE TOOLS AND NEED TO BE VIEWED AS SUCH** : Everyone is here to make money. By now you've probably heard of Doge, Safemoon, ect. which are all coins without a use case. They thrive on hype / media & their sole purpose is to **MAKE MONEY** until someone gives them a different use. - There's absolutely nothing wrong with this concept and you need to start taking these projects for what they are. + +**BACKGROUND :** I'm not going to make false promises about this project and say it'll cure cancer or reinvent the blockchain. It's sole purpose is to make you money at the end of the day + bring people together, and the driving factor behind it is the community / Dev team. One of the co-creators is slowly doxxing himself to develop transparency and trust within the community. After being on a team with him in previous projects, I will 100% vouch for the fact that **THIS IS NOT A RUG PULL.** You can take my word for it, watch from the sidelines, or do your own research. I recommend the 3rd option. + +**POTENTIAL \[10x-100x\] -** After working with a few projects and seeing what goes on behind the scenes, I'm at a point where I genuinely won't waste my time with rug pulls, random moonshots, and things I have no insight into. The market cap is VERY low which means there's a lot of room to grow, and based on the announcements coming up, the team behind the scenes, and what I know but can't reveal, I'm confident in at least a 10x-20x with this project. The current MCAP is around 1.8M last time I checked, so 20-40m is absolutely reasonable with proper marketing. + +**THE PROJECT :** The project is called **Bingus 2.0** and right now it's based on community and a common interest of making $. - I highly recommend you do your own research, but the absolutely best place to start is in the [**Telegram**](https://t.me/bingustoken2official)**.** +\-------------------------------------- +**ANNOUNCEMENTS :** + +· **THERE'S A NEW WEBSITE DROPPING TODAY** \- The current site has a countdown timer to the release, and once you see how professional the new site looks, you'll understand why I'm saying get in now before this does another 5x. + +· **PARTNERSHIP WITH BOGTOOLS INCOMING -** [Bogtools.io](https://bogtools.io/) speaks for itself and what it has to offer to projects - Oracles, Charts, Limit orders, and so so much more. + +· **RUMORED TIK-TOK, YOUTUBE, AND TWITTER INFLUENCERS ON BOARD -** I can't confirm or deny what's in the woodworks, but Bingus is about to do it's thingus. + +\-------------------------------------- +**INFO** + +· **Contract -** 0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8 + +· **Telegram -** [**https://t.me/bingustoken2official**](https://t.me/bingustoken2official) **-** This is the BEST way to stay informed before annoucements go mainstream + +· **PancakeSwap -** [**https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8**](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +· **Site \[New one dropping today\] -** [**https://bingus.finance/**](https://bingus.finance/) + +· **Twitter -** [**https://twitter.com/BingusToken**](https://twitter.com/BingusToken) +Amazon said it's funding homebuilding start-up Plant Prefab, marking its first investment in the space. + +Plant Prefab builds prefabricated, custom single- and multifamily homes. + +The investment follows Amazon's launch of more than a dozen new smart home devices powered by Alexa. + +https://www.cnbc.com/2018/09/25/amazon-makes-its-first-investment-into-a-homebuilder.html +RBA Governor Dr Philip Lowe has reiterated the central bank's commitment to combatting inflation, with interest rates set to rise further. + +Key points: + +* RBA governor says recession "almost certain" if there is a prolonged batter to lower inflation. +* RBA will continue to raise cash rate to bring down inflation. +* Current forecasts suggest inflation will begin to decline, but further disruptive supply shocks are real possibility. + +Speaking at annual committee for Economic Development of Australia on Tuesday night, Dr Lowe highlighted the consequences of high inflation in 1970s and 1980s to demonstrate the need for RBA to take action. + +"High inflation meant lower growth, fewer jobs and lower real wage" Dr Lowe said. + +"We have not ruled out returning to 50 basis point increases if that is necessary". + +Dr Lowe did say RBA forcast is for inflation to peak later this year at around 8%, before declining gradually to be just 3% by the end of 2024. + +He also warned several global trends that likely to continue to cause more variability in inflation, such as increased chances of extreme weather, global transition to green energy could result in higher and more volatile enery price. + +Full article: + +[https://www.savings.com.au/news/rba--warns-recession-certain-current-inflation-continues](https://www.savings.com.au/news/rba--warns-recession-certain-current-inflation-continues) +Pregame + +Apes, we need to wake the fuck up. The arrest of SBF and the collapse of FTX is not the climax of this story. The real fight hasn’t even started yet! + +The bullshit “position close only” from the sneeze was child’s play. Major hedge funds and market makers colluding to save their ass was only the start. Remember they committed insider trading on top of this bullshit. We have the proof that Kenny lied to Congress + +Hedge fund psy-ops wasn’t anything new. They have been force feeding retail investors their bullshit for decades. They broke down the process and plugged it into an algorithm. They used computers and the media to steal from everyday people. ALL AROUND THE FUCKING GLOBE!! Fuck that. + +They hired shills and bot farms to infiltrate different subs. Migrations had to occur. They bribed and flashed money at YouTubers and mods from older subs. They boxed retail investors into a corner and told the government the government to either fuck off or help. + +They government obliged, and tried to railroad the man himself, DFV. For simply liking the stock. When that didn’t scare people off they doubled down on the propaganda machine. Their system doesn’t work unless it is funneling money from hard working people into their pockets. Fuck that. + +Some super wrinkly apes saw some shady ass shit with old tickers. They moved that fucking week and created an “opaque” market. To protect retail investors from buying up shares of companies hedgies had illegally shorted into bankruptcy. They had to because they know we know they never closed those shorts. They can move quickly when it’s their dick in the blender. Fuck that. + +Still more DD came out that they had hidden their positions in swaps. And once they realized that apes knew they straight up said they aren’t going to report on their swaps data! Looking at you CFTC and Mr. Behnam!! They don’t give a flying fuck about retail. Fuck them. + +They tried to railroad an ape who caught a certain market makers employees getting a really good whiff of their office desk late at night. They’ve used intimidation tactics to keep certain stories out of the spotlight. + +They made some bullshit documentaries about the sneeze and about apes. “They want to destroy the economy” fuck you. If me holding a stock destroys the economy then it was bullshit to begin. + +Just a quick side note. And maybe there is an ape out there that can correct me if I’m wrong. THEY HAVEN’T EVEN BANNED PFOF FOR FUCKS’ SAKE!! Literally nothing has changed. Fuck that! + +They spend MONTHS FUD’ing the shit out of direct registration. Then they spent MONTHS direct registering shares to inflate the count in an attempt disrupt the zen of apes all around the globe by selling those shares to crush the DRS numbers. How did that work out for you Hedgies? Haha, dumb fucks. + +They’ve pumped articles shitting all over NFT’s and blockchain technology. “NFT’s are a scam, just digital art!!” They train to paint with a broad brush to trash the idea of decentralized exchange. + +Then FTX goes under. The CEO talks openly about how it’s a Ponzi scheme. He’s about to testify to congress and all the sudden he’s arrested. Charged, not with fucking over customers of FTX, but they’re investors. They will trash FTX for selling crypto they didn’t own. But I know a certain hedge fund that has sold $65,000,000,000.00 worth of stocks but they ain’t bought Jack shit!!! How in the world is that any different from SBF and FTX? Spoiler, it’s not. Fuck that. + +The fight is just now starting. Everything up to now has been a warm up. Shit is about to get biblical. The system that has feed on the hard work of regular, everyday people is threatened. The system has squeezed you since birth. They’ve built a way of life that is centered around debt. Debt you owe them. Born with, die with. They monetize it. They leech off it. Inflation they caused is squeezing food off families tables. Fuck that. They’ve squeezed us for everything we have. Now I’m out of shits to give. + +Throw the millennial CEO in jail. That doesn’t change shit. Until I see a bunch of boomer CEO’s behind bars, I ain’t selling. Until I see hedge funds drained of every last ounce of capital, I ain’t selling. Until I see new laws passed to outlaw the outright fraud in our markets, I ain’t selling. Fuck wall st and the horse they rode in on. I know exactly where I stand in this system. And until we have an open, transparent DEX that allows people to be their own bank, I ain’t selling. My investment is safely locked up in the great purple circle of the infinity pool. Hedgies, I’m not here for money… I’m here for change. + +💎💎🙌🙌🚀🚀🌕🌕🦍🦍🦍 🫡🫡 +I'm tired of seeing this brought up so I'm creating a thread to hopefully put this concern to bed. + +REASONS WHY THE GOVERMENT WILL NOT STEP IN AND STOP THE SQUEEZE: + +1. The Government has NEVER stopped a squeeze in history. \[EDIT 1: Someone commented that the Government Stepped in and stopped the Piggly Wiggly squeeze in 1923. This is NOT TRUE. The SEC wasn't even created for another 10 years. It was the NYSE that stepped in and stopped the squeeze, not the government, and the circumstances were very different (not to mention it was 100 years ago.) Anyway, I encourage you to read about it if you have any doubts: [https://www.google.com/amp/s/slate.com/business/2021/02/piggly-wiggly-short-squeeze-gamestop-wall-street-nyse.amp](https://www.google.com/amp/s/slate.com/business/2021/02/piggly-wiggly-short-squeeze-gamestop-wall-street-nyse.amp) \] +2. In 2008, the government let Bear Sterns, Lehman Brothers, Countrywide and many other investment firms fail. They only stepped in when it looked like the entire economy was going to collapse. +3. The Government does not care about Hedge Funds because they are not FDIC insured like regular banks. +4. Apes need to stop looking at this as if they are the only ones hodling long positions on GME and therefore the only ones who benefit from a squeeze. That's just wrong. We know that Institutions likely hold at least 100% of the float. Institutions like Fidelity, Vanguard, Blackrock and many others want the squeeze too because they stand to make BILLIONS. These institutions have MASSIVE influence over the government (hell, half the Blackrock executive payroll is in the Biden administration). The government wouldn't dare get in the way of their wall street donors and their tendies. +5. If the fallout from the squeeze is so massive that it threatens the economy itself, the Government will step in and bail the economy out (like it always does) but this does not imply or require they stop the squeeze. + +This last bit of reasoning is PURE SPECULATION, so I'm not including it in the list: + +I believe Wall Street is like a giant drug cartel; many different factions (Investment Banks and Hedge Funds) working together using large complex illegal schemes to make lots and lots of money. However, I suspect that lots of them hate each other, especially Ken Griffin because he is a risk to their entire system. Much like Pablo Escobar was hated by other Medallin cartel members because he was TOO GREEDY and his methods brought too much attention to their criminal enterprises, Ken Griffin isn't happy just going along with their system and taking his share, he wants to run and own the entire enterprise. Other cartel members will be perfectly happy sacrificing him to help keep the rest of the cartel going. That's why the DTCC, which is basically overseen by these cartel members, is setting up all these new rules. It will allow Citadel and other rogue Hedgies to fail without taking down the rest of the cartel allowing them to continue their corrupt practices with less scrutiny from the general public... + +In conclusion, it is my opinion that there are MANY MORE reasons that the government will not step in and stop the squeeze than reasons they would. I hope that people will consider this before posting fear-laden threads about the government siding with the Hedge Funds. There's just not enough reason for it. +I know literally nothing about Heatpumps - so if we grossly simplify and say that the govt provides a £5000 grant no questions ask - what are the overall costs and benefits - given they seem to cost £6000+? +This just came across my social media feed. Up to a year in a Maldives resort for $30K. No idea what their internet speeds are like, but it's an interesting option. + +https://www.dailymail.co.uk/travel/travel_news/article-8946113/Anantara-Veli-Maldives-Resort-launches-stay-package.html +"My Great Grandmother, age [--], has been scammed of her entire life savings, over $200,000. She was receiving calls from someone she thought was me on a near daily basis (late May, early June) while I was on Summer cruise. They took advantage of the fact I wasn't able make phone calls very often. + +The impersonator told her I was in an accident and needed money to pay police, medical bills, lawyers...and such. He had an extravagant story filled with many personal details (unfortunately, she is easy to pry information from). + +She did not tell other family members like my father or aunt because my impersonator told her to keep the transactions a secret. She ended up sending four wire transfers to Lima, Peru...which her banks sent. I don't think they had any other contacts to warn about her transactions. + +I don't really know how to handle this sort of thing, I am pretty much the only relative in [redacted] close enough to help. We have contacted the Sheriff in her county, [redacted], and of course the bank. The bank is VERY standoffish and was not interested in opening a fraud investigation. + +Anyways, just make sure you call your older relatives. This could happen to any one of you guys and gals that leave home for extended periods of time while out to sea or inland. There are some evil people out there and our grandparents care way to much about us!" + +As with what he said, he wants to know what options are available with the bank as well as law enforcement. +This is just a thought, I'm not saying I am correct at all. + +But politicians probably aren't (or won't be) keen on adopting crypto because all transactions can be tracked. If we pay taxes in crypto, we can see exactly where it goes. And the government (referring to American) obviously isn't very transparent nor do they want to be. + +Seeing where our taxes go exactly will be liberating. But, obviously, there are some issues. Like lobbying, donations to politicians, etc. + +But who knows, maybe it will be a step in the right direction. + +Edit: yes, I know you can look up the breakdown online. But let's be honest, do you really think they are honest and won't hide where some 'dark money' goes? + +And yes, there's privacy coins. It's just a thought of a better political climate. +I can't talk about this with friends and family, so turning to this forum. Am approaching a major (I think) milestone this month, going to add a zero to nw (entering 8 figures). Our expense is 130k/year currently. My question: is there any change or difference in going from 7 to 8 figure nw? I feel stupid asking this as obviously there shouldn't be much difference if any, but I wonder if psychologically anything changes? People that have gone through it - have you noticed any difference in behaviors? +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/d50pjj0hi2771.png?width=1426&format=png&auto=webp&s=ec033950f18e0aca38c891e4bafd77de4509edf6 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $219.34 + +&#x200B; + +Open Price: $221.45 + +Daily High: $222.57 + +Daily Low: $214.12 + +Volume: 3.53 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +https://preview.redd.it/e92rpmbzo2771.jpg?width=1079&format=pjpg&auto=webp&s=1c6ed90425d39eef0f68ae05aa2f2755d010e2df + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉 HYPE WEEK 🎉 + +&#x200B; + +**Monday**\- NSCC-2021-002 approved + +**Tuesday**\- Gamestop completes 5 MM share ATM offering and makes A BILLION BUCKS AND SOME CHANGE NBD + +**Wednesday**\- HODLING + +**Thursday**\- T+21, 002 Implemented + +**Friday**\- $GME officially joins the Russell 1000 Index! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# NSCC-2021-002 Goes Into Effect Tomorrow + +&#x200B; + +[credit u\/sharkbait\_lol](https://preview.redd.it/ybblyvglm2771.png?width=628&format=png&auto=webp&s=1595485ad841dd9ace07c62335ceb0f2dce08eb4) + +&#x200B; + +That's still not a reason to get all worked up. Margin requirements can take a few days to unravel and we have to remember that even if this does trigger some activity, *it won't be immediate.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🥇 Breaking Records 🥇 + +**NSCC Breaks Record for Margin Breach- $1.06 Billion** + +&#x200B; + +https://preview.redd.it/sqqkumq412771.jpg?width=1918&format=pjpg&auto=webp&s=ce2fa1ac6349900d3b25fff779b28c698c3881bc + +Apparently Q1 of 2021 brought some spicy meatballs for the DTCC. To the tune of $1,060,000,000 in margin breaches by the end of March, 2021. That's a new record, which was previously $318MM in Q1 of 2020 (presumably pandemic related.) + +[Reading through the filing on the DTCC website](https://www.dtcc.com/legal/policy-and-compliance) (click the top, Q1 results), something really sticks out on page 6. + +[that last sentence tho](https://preview.redd.it/uvc3tuvv32771.png?width=957&format=png&auto=webp&s=cae6dd4a403eeb34072767758be2890761649826) + +&#x200B; + +>**The largest deficiency incurred during the quarter was mainly driven by a single security exhibiting idiosyncratic risk.** + +&#x200B; + +👀👀 + +So a single security has spawned record setting damage? I wonder what security that could be? + +\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Yo Dawg I heard you like breaking records... + +&#x200B; + +**RRP Breaks records (again) $813 Billion with 73 participants** + +&#x200B; + +&#x200B; + +[credit u\/canispeaktoyourmangr ](https://preview.redd.it/t9fd0ib6o2771.png?width=960&format=png&auto=webp&s=8f47eb9e26ead9aaf1aedf785a2ecd5dc524ae22) + +&#x200B; + +[credit u\/pctracer](https://preview.redd.it/szzuzu78i2771.png?width=960&format=png&auto=webp&s=fbd191c14a01fa97ff44696139c0690faadad542) + +&#x200B; + +At this rate, we are going to hit $1 Trillion in the next week. And RRPs traditionally double at the end of the quarter, June 30. So buckle up, indeed. 🚀🚀🚀 + +&#x200B; + +https://preview.redd.it/u5wcehfil2771.jpg?width=599&format=pjpg&auto=webp&s=39f6fcbb1306bf211f222a9bb323f043c2b5e196 + +[**And just in case you need a crash course in what RRPs are and what they do, have a read!**](https://www.reddit.com/r/Superstonk/comments/o27k2h/reverse_repo_operations_explaining_their_purpose/) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight + +&#x200B; + +[Fed securities taking a BIG dip](https://www.reddit.com/r/Superstonk/comments/o6eger/fed_securities_taking_a_big_dip_related_to_in/) + +&#x200B; + +[ u\/Sharp\_Significance44 ](https://preview.redd.it/j8gpinqaq2771.png?width=640&format=png&auto=webp&s=e8e4d7cd2089a488083634469b35d18ca22b5364) + +&#x200B; + +Memes are dope... but OC memeing is next level! + +&#x200B; + +[credit u\/qda ](https://preview.redd.it/tuuscgevh2771.png?width=1920&format=png&auto=webp&s=b53879210265709d18c86b6a07745bc52c9b7c05) + +&#x200B; + +[ u\/eldercactus ](https://preview.redd.it/dgr33d1zh2771.png?width=960&format=png&auto=webp&s=2180b72246ba5a96c7a536f1aef15baefe335c80) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Worth Repeating + +# 🚫 Brigading 🚫 + +I have seen complaints from moderators of other subs concerning brigading of Superstonk related comments and content in their subs, and they have mentioned escalating the issue if the brigading continues. + +&#x200B; + +**Moderators of Superstonk do not condone this behavior in any capacity or context.** + +&#x200B; + +After seeing the concerns from other relevant subs, the Satori team is currently taking extra steps to seek out this behavior and make sure, if found, that it is terminated via a permanent ban for the user from our community. **WE HAVE A ZERO TOLERANCE POLICY ON BRIGADING.** + +&#x200B; + +*So what is brigading?* + +&#x200B; + +>"Brigading on Reddit is the observance of a group of people (usually subscribers of a particular subreddit) attacking another subreddit. Brigading will usually be cited if it can be shown that this was organized and/or instigated from subreddit postings and links. " + +[Link to TL:DR comment on relevant reddit post.](https://www.reddit.com/r/OutOfTheLoop/comments/3dc0r3/what_does_it_mean_to_brigade_a_subreddit/) + +&#x200B; + +Think of Superstonk as Fight Club. What happens in Fight Club, stays in Fight Club. But the number 1 rule of Fight Club...... + +&#x200B; + +**DON'T TALK ABOUT FIGHT CLUB** + +&#x200B; + +https://preview.redd.it/z2clqd2062771.png?width=712&format=png&auto=webp&s=7efbb4673e49e4a7ff85f8e0f81e5ef997ac4a8b + +So be chill. Stay out of other stock subs, especially the more popular ones, if all you're going to do is spam Superstonk stuff to their members. This action is a punishable offense by the top admins of reddit if proven to be true, ultimately leading in subreddit termination -and besides- we don't play like that. Let's keep it excellent, and keep it contained to our beloved jungle, Superstonk. ✌ + +&#x200B; + +Seriously, we are actively handing out bans for this. + +\_\_\_\_\_\_\_\_\_\_ + +# Worth Repeating + +# 📈 We Just Like the Stock!! 📈 + +&#x200B; + +https://preview.redd.it/rskfn7b0j2771.png?width=480&format=png&auto=webp&s=2240ef0979cf03299d9c31b00b38a47d4fb595cc + +There has been a lot of conversation (FUD) over the weekend about "Fuck you, pay me" and referring to being involved with trading $GME simply because you want to become rich and purely to trigger MOASS. Or because "we're Occupy Wall St. 2.0!" (**NO**). + +**THESE ARE NOT THE PURPOSE, INTENT, OR COLLECTIVE SENTIMENT OF THIS SUBREDDIT.** + +&#x200B; + +https://preview.redd.it/e58oj5jzi2771.png?width=603&format=png&auto=webp&s=d16be31405742384e2ddcea9a68e22d4f3c13c63 + +Superstonk is a community of individual investors that believe Gamestop as a company is an excellent long-term investment that has huge potential in an untapped market with an Avengers-level team of executives that will likely redefine the face of retail in the 21st century. This community was **not** made to discuss other stocks the way /WSB or /investing do. This sub is a congregation of individuals- in that sense, a collective "we or us"- that supports the vision of the company Gamestop long-term, especially its current chairman, Ryan Cohen. We like the company. We like the stock. That's it. + +And a little refresher on the we/us debate- **WHEN WE SAY "WE OR US", WE ARE TALKING ABOUT THE SUB'S COLLECTIVE WE/US AS A COMMUNITY.** There is nothing wrong with that! + +&#x200B; + +https://preview.redd.it/7qf969lyi2771.png?width=740&format=png&auto=webp&s=c63ef11db0c1e365814b2380e3ffd8df710ff982 + +Use of the words We/Us are NOT EVIDENCE OF MARKET MANIPULATION. + +Enforcement is the *key* to a manipulation case. Do we make paper hands actually pay some sort of penance for selling? **NO**. Do we have an agreed upon floor price that we all must adhere to? **Umm..... :gestures broadly at literally everyone debating possible floor price:** + +Market manipulation is doing something to inflate or deflate the price of a stock. THESE are the ESTABLISHED GROUNDS for charging someone with market manipulation. And do you know how many times that's happened? [Like 5 times. And they were all people in the industry.](https://www.reddit.com/r/Superstonk/comments/n22g01/breakdown_of_legalese_to_speak_part_5_market/?utm_source=share&utm_medium=web2x&context=3) + +There's no case for market manipulation in this subreddit, or even in the GME Saga as a whole. + +Well, I lied. Hedgies are doing plenty. + +So when you see people referring to "we" or "us", *they aren't doing anything wrong.* This is a community, right? Everyone here isn't just a figment of your imagination right? **(RIGHT?!?)** + +&#x200B; + +[Y'all aren't imaginary, right?](https://preview.redd.it/v2rz2c1xi2771.png?width=800&format=png&auto=webp&s=0ae663a2827d328f07d00da950e64a2b535ad31f) + +We are a community of individually-minded investors. And no one can stop us from liking and discussing a stock. That's what they want you to think. **Saying "we" or "us" when talking about Superstonk is just talking about the membership of this subreddit.** There is nothing there that's illegal or negative in and of itself. All "we" do is gather here and discuss the future of a company we all love and have invested in because we believe in the future of the leadership. + +What's the difference between our sub and the idea dinners the rich have been attending for decades? *The expense report*. Do you remember when American Politicians used insider information about the pandemic to profit off of the resulting crash? **APES REMEMBER**. Don't let FUD stop you from bonding with your fellow ape. Companionship is essential to the human experience. Get in here and love each other. It's Woodstonk 2021 up in here✌💖🌼☮ + +&#x200B; + +https://preview.redd.it/sxc3cv1wi2771.png?width=549&format=png&auto=webp&s=f15e4e091268a67e4f94af36bf2c1dc4c689f179 + +With that being said, **WE HAVE NO LEADER HERE**. [r/Superstonk](https://www.reddit.com/r/Superstonk/) has administrative users that moderate the community according to site rules. That's it! When it comes to leaders, mods are just the administrators of the environment. The groundskeepers in this beautiful jungle. This community was built by apes, for apes. With no one user more important than the other. **APE**= **A**ll **P**eople **E**qual ✊ No politics. No religion. No leaders. No divisiveness. Just excellence and the stock we love. + +&#x200B; + +[WE DON'T HAVE ONE!](https://preview.redd.it/ifxx8inui2771.png?width=1000&format=png&auto=webp&s=8742fd43fae8c3edff8ee88d30f57f54431de366) + +**Here's a few notes from** [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) + +1. Please view the DISCLAIMER associated with the subreddit. You can access it by going to [r/Superstonk](https://www.reddit.com/r/Superstonk/) and (on Desktop) looking at the side bar, and (on Mobile) under the About menu. +2. We do not manipulate the market. We do not coordinate anything regarding the stock market. We do not urge people to buy or sell, or do anything with what is their privately owned stock. We do not shame people for their choices as retail investors, in an attempt to get them to hold when they don't want to, or to buy GME when they'd rather buy something else. We let retail investors make their own individual decisions. That's sub policy. +3. We do not organize or attempt to push political action, or spark Occupy Wall Street 2.0 or whatever some of you think this is. We are not going to organize letters to the SEC or otherwise enter ourselves into a political arena that we, trust me, do not want to enter. We are a bunch of apes who are bananas for GameStop and that's about it. +4. We are here to share information, build a community, and express ourselves regarding GameStop as not just a stock, but also as a company, in way that is not pressuring or purposefully influential, and is based on fundamentals as well as market realities. If you don't want to talk about GameStop, there are plenty of other subs to go to, and, if you talk about GameStop, make sure you follow the rules and guidelines of the sub. +5. TL;DR: We like the stock. We love the company. We are apes. That's about it. + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store)** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop)** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/)**, (Also** [EB Games AUS](https://www.ebgames.com.au/)) + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +&#x200B; + +https://preview.redd.it/do9wxeqem2771.png?width=1600&format=png&auto=webp&s=f054f390504f0535b23f57b6e1a6cab77a61d206 +I consider myself to have a decent level of discernment. I’m not easily persuaded, and prefer data over speculation. With that said, I found myself thinking yesterday “I don’t know what’s fucking real or fake anymore” and so fatigued with this sub. + +After a good nights sleep I was able to come back and realize that the shill tactic was just that. Make the easily persuaded go down a rabbit hole and appear crazy to outsiders, and make the ones that prefer fact over speculation not know what to believe and question EVERYTHING. + +I’m not here to tell you what to believe, but I will tell you that when it starts to feel like you are special and are meant to uncover this through a series of cryptic information, you need to take a step back. + +When you start feeling out of control and begin to question every DD, you need to take a step back. + +NOTHING CHANGES. Buy and hold. It’s literally that easy. + +This is not financial advice, just a dumb ape looking out for other dumb apes. + +Edit: Typo +So, I am learning how to trade options while using the Fidelity ATP platform. Today, right before the close of business, my intentions were to purchase 1 contract of SPY 458 call expiring on April 14th. Instead I bought 89 of these contracts! I realized something was terribly wrong when I was instantly down $1300 and falling. I was able to get an order in to sell 5 of the contracts for a profit of $800 (not sure why only 5 of the 89 contracts sold). + +So here I sit, A long way until market open wondering and waiting! + +The only reason I had 60k in cash in the account was because I just transferred a retirement account from ED Jones to Fidelity and it was transferred in cash. Any advice on how to escape this carnage unscathed is greatly appreciated! +This might even be a conservative estimate, but let me state my reasoning. + +ETH will likely overtake bitcoin as the primary currency. This is hardly speculation, as we are seeing the effects of the flip already. There is undeniably a lot of interest in bitcoin and cryptocurrencies, and bitcoin will not meet the demand, and it seems ETH is primed to absorb the demand. + +Bitcoin was still at over 80% market share in March, and in just 3 months it dropped to 40%, mostly in favor of ETH. I think the cryptocurrency market is a 'winner takes most' market, as the only way to get a reliable store of value is for most of the market to agree on one coin to store their wealth in. The other coins also have value, but since many coins are created daily, the value would be diluted too much to get a reliable store of value, for this reason most people will agree on one currency to use as a main store of value, this is currently bitcoin, but the shift to ETH is inevitable at this point. + + I think it is therefore not unreasonable to expect ETH to be responsible for 80~90% of the cryptocurrency value. + +It is hard to predict what the total cryptocurrency market cap will be by October, but my very cautious estimation is that t will be **at least** 150 billion (it's over 100 billion now, up from 25 billion in march). But it might easily be far higher than this. + +Based on this, ETH will trade at at least $1200 by October. But honestly I would not even be surprised if it would break even $3000 before the end of the year. + +This might seem like a bubble and a ridiculous prediction, but honestly, this is just ETH absorbing demand that is umet by bitcoin. The growth will be totally natural and organic even though it will **seem** like a bubble. + +Media will likely only cause even more hype, which I did not even factor in. Get ready for a massive wealth shift. + + +IEX lawyer fucks; Fidelity allowing IEX, fucks, but IEX is not the way to end this, only DRS. + +Nobody should get distracted by anything besides DRS. There's no counter to it. We saw TDA routing through Citadel before IEX... they have trillions to lose. Probably IEX hurts them less than DRS; they'll do anything to get one more day. + +Today's IEX news seems pretty well timed, and it looks like it's because they want us to change from DRS to IEX. Don't fall for it. +Before I watched Seaspiricy on Netflix and performed my own DD on the current state of the oceanic ecosystem, I had zero knowledge of how dire the situation has become. Current practices of the world’s society is literally killing oceanic life and practically speaking, our greatest source of breathable oxygen on Planet Earth. + +Therefore after GME inevitably moons (🚀🚀) and once we’re all dancing on Pluto with Papa Cohen DJ’ing and DFV serving as hype man, one of my many philanthropic endeavors will be contributing to and physically assisting as best I can to progress the long journey of undoing/subverting the impact mankind has had and the damage we’ve caused. + +*TLDR:* +GME will 🚀 +🦍 will get 🍗 +🦍 should help 🌎🐋🐬🐢 + +BUY. HODL. EZ. +This week will be crazy because some of reddit's favorite companies will have earnings and they include: + +* Tesla +* Apple +* Microsoft +* AMD +* Alphabet +* PayPal +* Facebook +* Amazon + +And other companies with earnings include P&G, 3M, McDonalds, Spotify, MGM resorts, etc. + +Either way, this week is gonna be interesting cause lot of companies expected to post positive earnings. +Hello there, everyone! + +So I am a beginner forex/gold trader (about 6 months now). I had an objective; have a certain amount of demo account grow untill they've reached a certain amount before going live. I succeeded and went on a live account. For a while everything went up and down and I was consistently break even swinging back and forth with a 200€ account. + +Yesterday was CPI and I made over 800€ in the matter of seconds and stopped for the day since I was blown away by what just had happened. I had high hopes for this trade but my expectations where exceeded. + +Many of you can already tell where this is going, I lost it all today (the next day). I kept on losing small trade after small trade because I was confident that gold was going to go up. It did go up! after my account was blown. I was too impatient and got way too emotional. + + Now I am trying to cope with the loss, greed, overconfidence and overall regret that I had an still have now. I won't stop trading and I will be a winner in the futur as many of you will be or already are. It's process which can't be rushed, especially when psychology and emotions come into play. + +This sure is an experience and a great opportunity to take a step back and reflect on yourself as the overconfident little twerp you can be after one win x). Emotions can really F#'k up you trading mentallity. + +I am not writing this to get pitied, I just want to share my story and if anyone has something to say I would be glad to read it! Maybe a similar experience, or not :) + +A great day to everyone! +According to the latest SEC filing, this is what they say about the breach: + +1. Up to 1.2 million active and inactive Managed WordPress customers had their email address and customer number exposed. The exposure of email addresses presents risk of phishing attacks. +2. The original WordPress Admin password that was set at the time of provisioning was exposed. If those credentials were still in use, we reset those passwords. +3. For active customers, sFTP and database usernames and passwords were exposed. We reset both passwords. +4. For a subset of active customers, the SSL private key was exposed. We are in the process of issuing and installing new certificates for those customers. +Exchanged used to be whitelist only, but now it's available for all. + +1. You don't need to pay any fee to trade; just the tx. fee (no KNC needed; those are paid by reserve managers). + + +2. Exchange has order matching and will match you to the best order. + + +3. Honestly this is the best DEX out there and finally a huge team delivering a product. + + +4. It's very easy to use trade on Kyber even on mobile. Here is a gif showing how: https://twitter.com/twitter/statuses/968750337149501441 + + +Source: https://blog.kyber.network/public-beta-announcement-870b21377136 +I can’t afford to cut back on anything more than I have. + +725 rent/bare minimums on loans/credit cards/135 car insurance that won’t go down anywhere else/minimum Wi-Fi, no streaming. + +I have hospital bills from 2016 because I had a cancer scare that was negative. I can’t even get sick right and I’m alive, so I can’t even die right. + +I interviewed for 12 jobs last week in person and dozens online. nothing went anywhere. + +I can’t get assistance from anywhere because I left and the past job refuses to do anything unemployment. + +Everything I do is wrong and I just want to focus on doing things right. + +This is just going to be deleted anyways by admins, so yeah. + +What do I do? + +Edit: Interviews are not applications. + +Edit to the edit: Okay, wasn’t expecting this. + +Alright: here’s some background. I hated the previous jobs I had and attempted suicide a lot. I had a great offer and I took it and gave notice. Welp, shutdown happened, offer rescinded. Notice came, left work. I’m at a temp job and went home last night and cried myself to sleep. I can’t afford my medications or have any benefits because hey, medical debt. Made post this morning while churning job applications away. I’m sorry about the interview vs applications snafu. + +Still working through this information and suggestions. + +Edit to the edit to the edit: 9 interviews last week. Dozens of applications a day. + +Edit to the edit to the edit to the edit: Well...this might all be moot, looks like one of the interviews is in the process of changing their minds. + +THANK YOU ALL FOR YOUR HELP. I’d gold and silver you all but alas....also silver is great. It helps stop vampires and kills werewolves. +Does anyone else here treat BRK.B as “basically” an ETF as I do? + +Obviously it’s not an ETF, I just mean in how it’s a collection of stocks with a clear strategy led by the goat investor. +Seriously what reassurance do you want? People who own the same coins are gonna circle jerk your portfolio or tell you to add some more X because they are holding X. You wanna know if your portfolio is decent? Read the white paper for every coin you're invested in, think about what real world problem or issue it's going to solve or make easier. I am about to just unsubscribe from this subreddit because there is nothing but fud, shilling, and stupid ass moon predictions/posts because some small irrelevant fact was announced. I seriously miss what this subreddit used to be about. Done using this for any information anymore. Shit is annoying and is just making people invest in shitcoins. Fucking verge still has a market cap over 2 billion. Rant over. Fuck this subreddit. + + +Edit: Now that I'm on front page can you guys rate my portfolio? + +https://t5.rbxcdn.com/3ec65288167d11dafe3f2dd674add32f + One of the greatest quotes from the legendary Peter Lynch’s book “One Up on Wall Street” is : ***“Selling your winners and holding your losers is like cutting the flowers and watering the weeds.”*** + +It is stupid right, but still most of the investors do it everyday. They sell the winning stocks in their portfolio and hold on to the losers in the hope that they will rise up one day. This common behavior can be explained by the theory of **‘Loss Aversion’.** + +In the "loss-aversion" theory, the general concept is that if two choices are put before an individual, both equal, with one presented in terms of potential gains & the other in terms of possible losses, the former option will be chosen. Loss aversion was first identified by Amos Tversky and Daniel Kahneman in 1979. + +Some studies have suggested that **losses are twice as powerful, psychologically, as gains**. This simply means that if you make losses in the stock market you will feel twice as bad as you would feel good about making profits in the market. + +**The fear of realizing a loss cripples an investor, prompting him or her to hold onto a losing investment long after it should have been sold.** One should always try to avoid this trap and cut the weeds from their portfolio before they become poisonous. +Hi everyone. + +I recently decided to put $2.5k into a theta gang account (TDA) to get my feet wet with the strategy. Currently, I have a very small "fun" account that has lost nearly all of it's value (who woulda thunk being on the buying side of risky options plays is a bad idea?) and a ~13k "boring" account in Vanguard with most of it in VTI and a few in high conviction long-term plays that have done fairly well. I have an itch to "manage" my plays in hopes of better gains than the "boring" account, but clearly buy-side options aren't for me. + +Enter: thetagang - so I've set aside $2.5k precisely to test my mettle in thetagang strategies. I've found a few stocks that seem like good CSP/wheel candidates, but my account size is sufficiently small that these plays would be holding a substantial amount of my account in collateral - and I know that diversification is often a good thing regardless of strategy. I also know that CSPs on underlyings worth less than $5 is generally no bueno because the strikes can't be picked well. + +So the question is: is it really a good idea to try my hand at CSPs with my current account size? I've read elsewhere on this sub that, for small accounts, "spreads" might be a good play, but the person in question didn't specify if they meant vertical, calendar, or diagonals, which just adds to my uncertainty. + +I'd like to hear your thoughts on what might be an advisable strategy for an account of my size. Ideally, if this experiment goes well, I would gradually convert a larger fraction of my positions to theta positions - but I need to test the waters first! + +EDIT: I'd like to thank everyone for the helpful comments! I have a lot to digest, and I will likely be starting this voyage this coming week. Obviously more comments are welcome, but it's a lot to read as is! +I just wanted to tell the Thetagang how much I appreciate this subreddit. I've only posted once on here (and got solid feedback), but I've read a TON and learned so much from it. + +Thanks to all the regular contributors who respond and answer questions. +I got Tim Sykes Penny Stock Deux course and it was the worst course and it doesnt really cover anything. All he has is just going through charts for 3 hours and tell where he bought and where he sold. + +1. There is no structure in his code at all. +2. He only goes through charts, saying I bought here and I sold here. Moves onto next chart and says the same thing. +3. Everything he says is disorganized, you can clearly say he is not at all prepared to do this presentation. + +I wanted to share this with you so people don't get cheated by these crooks. + +PS: I got it for free and did not buy it. + +Update: People asking where I got the course for free, found source on different reddit thread. Its on [https://forexwinners.ru/forex/timothy-sykes-pennystocking-part-deux/](https://forexwinners.ru/forex/timothy-sykes-pennystocking-part-deux/) +It’s been over a year since my first post [https://www.reddit.com/r/financialindependence/comments/emwhuo/27_black_female_raised_in_hood_just_crossed_100k/] and I have missed you all. + +Since then, I continued working at my 100k salary job until I was laid off in spring 2020. I was hurt by this. Not because I was unemployed, but because I would miss everyone I worked with over the course of 5 years. However, deep down I knew it was time for me to move on. I only received one promotion in a five year period and there was no indication I would receive another if I stayed. I also felt as if I learned as much as I could in that position. So sorrow quickly turned into optimism. + +Luckily, I received a severance package and stayed on my healthcare plan for 3 months. During that 3 month period I biked daily, played video games, read and became a better partner to my boyfriend all while applying to jobs. It was a stress free time (minus COVID) and I often miss it. + +Almost one week before my severance/healthcare was set to end, I received a job offer from a well-respected company for $175k (base: $150k) with a job title x2 higher than what I had previously. The funny thing is I never asked for that amount. I originally asked for $130k base after doing research for similar roles. The recruiter said he would ask for more on my behalf. I cried like a goddamn baby after that call. Life is strange. + +Despite getting laid off in 2020, my NW continued to rise during that time. I invested $63k in 2020 and am on track to invest even more this year. As of today, I am 28 y/o with a NW of $350k. If you include my partner, we total ~$710k NW combined. As an FYI, we still don’t want kids and are talking about getting married in the next 3-4 years. We also have no interest in owning a house since we still don’t know where we would like to live long term. We hope that when we travel in early retirement we’ll get a better idea of where we want to be. Who knows, we may decide to rent forever. + +I never thought in a million years that I, a person who grew up in squalor, would be where I am today. The pandemic has reinforced my desire to retire early. Life is so fragile. While I’m incredibly lucky no one in my family died from COVID, I know that time is limited. + +While the company I currently work for is a dream come true and my job is surprisingly fun, I refuse to get too attached. The moment I reach my number, I will happily walk away. At the end of the day, my job doesn’t define me and it shouldn’t define you either. + +Until next time... +My wife and I were going over our new budget and she asked at what point do we move money from our transactional account to savings. And at that point I realized I hadn't checked the student loans in a while and sure enough those payments have to be added back to the budget. I know a lot of people aren't comfortable right now, but just know that they expect those payments whether or not the virus is still here. +Absolutely monster job report beat. Stock futures move higher. + +>"The Covid-19 recession is over,” says Zandi, on ADP. He sees job growth returning in June and U-3 falling to around the financial crisis high of 10%, where it will stay absent aggressive fiscal response. + + +https://adpemploymentreport.com/2020/May/NER/Report +Hey guys, + +Frequent reader and occasional commenter; since I haven't seen this posted about too often, I thought I'd create a thread about it. + +If anyone has inherited wealth or will eventually, I wanted to know if you feel guilty about using it and enjoying the results of the hard work your parents/relatives put in? If so, how do you deal with it? + +The reason I'm asking is that my wife and I are in our mid-30s and have a combined net worth of \~$1.7M. Our yearly expenses are about $60k or so - we live in a VLCOL area outside the US and aren't extravagant. We will inherit an 8 digit sum combined from both families at a (much later) stage. Also, yes, I know a lot of people on this sub say don't bank on wills and inheritance, but it's a fairly safe bet at this point as we were part of the succession planning process. + +I made most of my money by working at a FAANG and holding on to every RSU from my grants. The remainder was from other investments. I'm at a crossroads where I do not want to stay at said FAANG and explore other career options, namely either founding my own company or working at the family investment/real estate business. + +On one hand, I'm tempted to stay on at the FAANG because it's a nice salary and my parents are proud that I haven't relied on them for a dime since college. On the other hand, I am fed up of what I'm doing and feel like I've gotten what I need to out of it. However, I may have to rely on part of my parents' cash flows in at least 6 months if I do strike out on my own - I have a number of long-term investments that I don't want to liquidate at this point. Even if I were to work at the family business, I'd still feel like I'm getting paid by my parents to work, which I'm not keen on as I feel like I'm free-riding. + +I'm really torn between doing what I think I'm good at and I enjoy doing, but feeling like I'm accepting a handout from my parents vs. sticking on to something just for the money. I know my financial position affords me some risk taking ability, but I'm reluctant to use it because I feel like I didn't earn most of it. + +Has anyone been in a similar situation before? If so, how did you deal with it? + +EDIT: I saw a downvoted post that was really strange in implying I wanted this money sooner than later by wishing bad things upon my parents. + +I nearly lost my father last year, which is why this post touched a nerve. To clear things up, I am merely asking this question because I am at a career crossroads and feel guilty about potentially relying on my parents. To suggest that I want something bad to happen so that I can get access to money is just plain wrong. Nothing could be further from the truth. I'd rather give up the money in place of an opportunity to spend more time with them. + +EDIT 2: Wow, I never expected to receive so many thoughtful responses to this post! Thank you all so much for weighing in. I will do my best to respond to each message. +This is not easy, but it’s also not impossible. I know countless people who have done this, despite their average salary. + +They usually start a small side hustle to generate extra income and put 100% into investments. + +I’ve used a super conservative growth rate of 5% despite the inflation-adjusted average being 8% because it’s better to overshoot your retirement net worth than undershoot it. Expect 5%, but it may turn out to be 8%. In that case, you’ll be pleasantly surprised and have even more in retirement. + +Remember, this is inflation-adjusted. It’s $1m worth of purchasing power in today’s money. Some will say ‘$1m isn’t a lot’, which is subjective, so it’s technically accurate in some cases. In these cases, invest more and achieve the $100,000 earlier. It’s not rocket science. + +I wouldn’t say $1m isn’t a lot, but I definitely wouldn’t say that the income produced from $1m is a lot either. + +Ideally, I’d like more than $30-$40k to spend annually, but I think saying it’s ‘not a lot’ is very condescending. It is a lot of money in its whole, but the income generated from it may not suffice your retirement requirements. + +It’s also much better to retire with $1m (inflation-adjusted) than retire with zero because you were too impatient or didn’t believe $1m was a lot of money. This is from $400 a month so imagine investing five times that a month… It’s hard but not impossible. As I said, nothing worth having comes easy. If you want to be above average, you need to do above-average things. + +Anyway, cue the ‘$1m isn’t a lot’ because the people who leave these comments usually don’t read the caption… + +*Assumes you’ll retire snd stop contributing at 65. Utilize tax-advantaged accounts and employer matches to boost you. +I recently started researching into Bahamian RE, in particular multiplexes. Here’s what I found so far, and it looks way too good to be true, but also some odd things I noticed. All in all still good. Maybe I’m missing the catch, or it’s an untapped market? + +-Multiplexes for sale seem to be always occupied, listings often state they’re fully rented out including rent amounts. 1:100 rules etc. nearly always apply, getting off market deals most likely will yield even better buying opportunities +-There’s barely any listings for condos to rent, if there’s some they disappear very fast +-There's a ton of listings for multiplexes to buy +-Multiplexes stay on market for an average of 307 days +-There's very spare information to find, there’s no statistics on occupation rates, rent price developments or re price developments +-Historically Nassau has been spared from hurricanes that hit the island group, however climate change might increase the risk +-Nassau population is growing faster than the US population +-Laws are heavily in favor of landlords, police will evict non paying tenants on your behalf without court order + +While there’s some negatives I don’t see how the upsides aren’t outweighing heavily. But the market seems to think differently. Is this market just too small to be attractive to investors? +Would love to hear some opinions or start a discussion +The 🪑 is about to pull something big tomorrow. Check it out: + +* Earnings is on Thursday, March 17th 2022 - St. Patrick's Day + +* Saint Patrick is associated with a common allegory of ["driving the snakes out of Ireland."](https://en.wikipedia.org/wiki/Saint_Patrick%27s_Day#:~:text=According%20to%20tradition,the%20region.%5B18%5D) + +* Snakes/serpents are symbols of deception and trickery. + +* SHFs and Kenneth Griffin et. al, are deceptive and commit trickery. + +* Ryan Cohen has been calling out SHFs [here](https://twitter.com/ryancohen/status/1503565469068009473) and [here](https://twitter.com/ryancohen/status/1503924247198150666). + +* Ryan Cohen is putting an end to the deception and trickery committed by short sellers. + +Ryan Cohen is the Ape Saint Patrick. + +BUY. DRS. HOLD. + +Edit: ["Happy st. Patrick's day to everybody, and a deep fuckin cheers to all y'all"](https://v.redd.it/5jzlx2ovnun81) + +Edit2: [RC banishing snakes from the fair market - u/xcantdj](https://www.reddit.com/r/Superstonk/comments/tg82hn/in_honor_of_st_pattys_day_i_made_this_rc) +As of today, most people assume that the token will mostly be used in the ad marketplace. Advertisers will buy ad slots with it, then tokens will be donated to publishers whenever users consume content. This is a reasonable start but I think that is only the beginning. + +In a free market scenario, I think that BAT could make the whole web monetized. Using any service on the web would come with a micro price tag in BAT. Let's say I want to read a specific blog post (it might cost 0.001 BAT), let's say I want to use some web tool for removing red eyes from photos (it might cost 0.003 BAT) or play a web game (0.005 BAT) or watch a video on YouTube (0.002 BAT or whatever the creator of the video is charging). + +If you surf excessively you will probably need to buy a little BAT each month. In most cases the BAT you earn from seeing ads would be enough to get by on the Internet. + +I think this is great because it means people could do creative stuff on the web and actually get paid. You could create a website without relying on a bunch of ads. People will pay for your content automatically with BAT, in other words, no need to bring out the credit card. It could also phase out the subscription model, when you use something, you pay for it directly and anonymously. I think this will happen as a natural consequence of what Brave is doing today. None of this will be forced by Brave, rather, it will be the publishers themselves who will start monetizing all of their content. + +So BAT is essentially like a fuel, a fuel that keeps the creative flow going on the web. The attention token will incentivize content creation and make being on the web a better experience. + +I got into this a few months ago. Never had the opportunity to buy ETH at $10. Now I’m able to buy BAT at below the dollar mark, which could be almost as good. If things unfold as I describe, then BAT is severely undervalued. +To set the stage - +In 2006, I was broke, freshly transplanted to major city California, and had 1 job, 30 something hours a week as a baggage handler at the airport. +I made $11 an hour, and slept on the couch of a friend's apartment. I never set foot in a grocery store. Everything was fast food. +I lasted 3 months. Failed. Moved back home. +2007 and 2008 had the same cycle. Pick a state. Move. Find a job. Find a roommate. Fail. Move back home. + +In 2009, I started college, a cheap university high up in the mountains. +A Pell Grant was enough to cover all my expenses, and I could have lived modestly. 4 easy years, living on the governments dime while I got a degree. + +Instead... Shitty friends, fast food, weed, and booze. A car I couldn't afford but looked good. New clothes to not wear to the classes I skipped. + +In 2011, I failed out. Car had been repo'd. Work fired me for missing days. Bank charged me for overdrafts. Rent came due in a hurry, and I didn't have it. + +I had no job. I was becoming homeless. +I stayed in a shelter for 6 weeks, working as a dishwasher in a buffet, and server in a dine-in pizza place. I saved all my money, for 5 full weeks... and blew most on drugs and alcohol. Its amazing how many friends you accumulate when they're drinking your beer for free. + +When the money ran out... The party stopped. And I failed again. Crashed hard. + +I sold everything I owned, and mom chipped in the rest for a bus ticket. + +In 2012, I moved back to my home state (in my late 20's) with $0 in my pocket, half a bag of rolling tobacco, and my skateboard. +The only good thing in my life... Was my credit was too shitty for a credit card. So i had no CC debt. I was truly at $0. + +I slept on the living room floor of an old friend's rental house, because the couch was already claimed. +I got on SNAP benefits. +I found a job. $10 an hour. +I spent as little as possible. +Found a trailer to rent. Found a better company doing the same work... + +And for 6 years, I've done my best. +And it has been hard. + +Like... Grown man lying in bed breaking down crying in fear and stress and anger and frustration, and somehow... +Lasting one more day. Telling myself... This is not your best. This is good for now, this is a good today, and I can make tomorrow better. + +I've worked on my own car, taken side jobs, asked for raises and more hours, and accepted any task thrown at me. +Scrub food out of the floor sinks in the kitchen every night? Ok. +Work from 5am to 230pm, then go assist from 9pm to 3am on a grease trap replacement inside a restaurant? Sure. +Drive an hour every day to the jobsite? You've got it. + + +Now, I'm soon to be married. Stepkids. A house in the near future. A car loan. A solid job. A company vehicle. + +We paid our wedding off already. $100 a week each, instead of dining out or going to the movies or buying makeup or clothes. It took almost 7 months. + +I've learned how to cook for 5 people for $100 a week. $20 per person for 12-15 meals, since the kids are still in school. Eggs and potatoes and onions go far. Pasta is a mainstay. Rice is a miracle filler. + +We pack lunches and take snacks to work. +I wait for the sales on brand name cereal and buy 10 boxes for $15. I buy a dozen gatorades when they're 58 cents each through the grocery store app, instead of $2 each at the gas station. I go to the spanish grocer for cheap produce and off brand cleaning supplies. + +We buy clothes from discount racks, and entertainment secondhand. Bikes and video games are from CL or Letgo. +Fish and turtles are dirt cheap pets, and you can find a tank for $10 or less. +A football or soccer ball is maybe $5 at goodwill, and gets the kids out of the apartment and playing with friends. + +Our next goal is to stop paying rent, and start paying a mortgage. We'll get there. + +I've been seriously working on Me, for 6 years now, so I didn't repeat the cycle again. I didn't have a car for almost 3 years. It took me 4 years before I had an emergency fund. It took 5 years before the money in savings stayed there. + +And it's working. + +It's getting better. + +And if I can do it... Me, the loser pothead dropout failure with crooked shoulders and scrawny arms, that used to make your pizza, mad at the world, and deep down... Hating myself for being the situation I was in.. + +If I can do it... +You can. + +EDIT: +THANK YOU ALL. +I'll do my best to respond to each comment when I'm on lunch. +While there are numerous paths to wealth & FIRE, it seems that certain traditional career paths can be a feasible high-floor, high-upside option. + +While there are plenty of variables that could influence one's career choices, my current criteria (I think) is simply this ratio. + +**This leads me to two possible career paths (including the training/education for someone starting from scratch): Buy-Side Investment Analyst (to PM), or Software Engineer (to Staff).** + +**Would you agree that these are the two best (using this ratio) - are there any others that you would consider?** + +&#x200B; + +The only other variable that I think affects this is likelihood of success. Both of these, I believe, with the right amount of time/consistency (which could be a long time, to be fair) have a high likelihood of success. **I'm open to hearing all other possibilities, specifically with a high floor (referring to comp and likelihood of success - this may eliminate some sales positions) and also high upside.** Also open to hearing your general thoughts on ruthlessly looking at your career from a quantitative sense, and how to best maximize this ratio + +&#x200B; + +\------------- + +&#x200B; + +For me, I am starting to realize the purpose of my career in my life. While I'm working on monetizing my passion and building a life I love outside of work, I'm realizing the exact function that it plays in my life, which is supporting the things I love. In that, rather than attempting to ply it into something I love, or settling/doubling down because of a sunk cost fallacy, I'd rather optimize for its purpose in my life: supporting FIRE, supporting my ability to pursue passion, and achieving the optimal return of income for effort/time/and education invested. + +&#x200B; + +Edit: **I would like to ask; where do you rank this criteria vs other criteria in** ***your*** **career decisions?** + +&#x200B; +I've started to look at REITs more, as it's something I haven't really paid that much attention to. + +So far I have small positions in SAFE (Safestore Holdings on LSE), and PSA. + +I've kept my eye on Realty Income for a while, but it's quite high, shall I wait for a pullback around the $60 mark before buying in? +Welcome to the Daily Discussion [Moontalk] thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more free and relaxed than the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes inside this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- Important news worthy content is not permitted here and should be submitted as a separate post. + +*** + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I decided to look up what happened to the Ethertanks game. I was there when they first launched and there was a massive shill campaign on reddit. I knew it was a Ponzi scheme then but it was hard to argue against those who were financially invested. The devs never delivered on their promises. Here's a quick look at how the shill campaign was conducted: http://storeofvalueblog.com/posts/crypto-scam-spotlight-ethertanks/ +https://investors.overstock.com/news-releases/news-release-details/rocker-pays-5-million-overstockcom-settle-lawsuit/ + + + +'A fine victory for Overstock, a triumph for the cause of cleaning up US capital markets' says CEO Patrick Byrne. +SALT LAKE CITY, Dec 08, 2009 /PRNewswire-FirstCall via COMTEX/ -- Overstock.com, Inc. (Nasdaq: OSTK) today announced that Rocker Partners (now known as Copper River Partners) will pay $5 million to Overstock.com to settle Overstock's claims against the remaining defendants in its case against Rocker Partners, David Rocker, Marc Cohodes, and the management companies and hedge funds they controlled and advised. The defendants have agreed to dismiss their cross-complaint against Overstock.com and Patrick Byrne. Below is a letter from Patrick Byrne, the company's Chairman and CEO, commenting on the settlement (see our story at DeepCapture.com for full details). +Dear Owner: + +The good guys won. + +I announced Overstock's lawsuit against Rocker in an August 12, 2005 conference call I titled, "The Miscreants' Ball". In that call (and in subsequent elaboration on DeepCapture.com) I claimed that a network of dirty Wall Street players was engineering modern bear raids, destroying companies and destabilizing the system. I claimed that the network of hedge fund manipulators and compliant reporters intersected in a dirty journalist named Jim Cramer. In the network, I claimed, were hedge funds such as David Rocker's; putatively independent research firms like Gradient which essentially took dictation from hedge funds; a small group of financial journalists such as Herb Greenberg and Carol Remond who, it appears, also took assignments from this hedge fund network; Milberg Weiss (a plaintiff's class action law firm which was coordinating its lawsuits with these bear raids); and Eliot Spitzer (whose investigations as New York's Attorney General mirrored the trading activities of these hedge funds, which were among his largest backers). In addition, I said that the SEC was saying grace over all of this because they had become hopelessly "captured" by Wall Street's worst elements. + +Since then, the SEC's turn-a-blind-eye deference towards Wall Street has been revealed by the Aguirre and Madoff-Markopoulis affairs (if not much more); Milberg Weiss imploded under DOJ indictments and its leaders were jailed; Jim Cramer was exposed on national TV for the scoundrel he is; Eliot Spitzer was also exposed (but not yet, I believe, for his real connection to this crew); Herb Greenberg and others of the journalists I named have crawled under rocks (or gone to work for the hedge fund network for which I had so implausibly claimed they were shilling); David Rocker's hedge fund melted down (thanks, according to DowJones, to the SEC finally closing the gaping option market maker loophole against which Overstock had been lobbying for three years - if only, the SEC would not institute a pre-borrow requirement); and Rocker Partners is paying Overstock $5 million (that is on top of Gradient's earlier retraction and apology, and any monies Gradient paid which I cannot disclose). + +So let's score that one for the good guys. + +What is of vastly greater significance than this $5 million payment, however, is an examination of the cover-up conducted by elements of the New York financial press. Taking the lead was CNBC, which spent a great deal of airtime downplaying the significance of this suit, vilifying me, and smearing Overstock. For example, though less than 1/4 of the Miscreants' Ball conference call had even been about Overstock, and the remaining 3/4 concerned the modern bear raid, CNBC aggressively distorted the former and refused to mention (or allow mention of) the latter. This pattern was followed with suspicious alacrity by some of the more prominent members of the New York financial press, some of whom (e.g., Bethany McLean) saw some public emails which demonstrated precisely the relationship I had suggested, and some of whom (e.g., Herb Greenberg, Joe Nocera, and Dan Calaruso) were later secretly taped trying to persuade other journalists to engage in a cover-up. Ultimately, I resorted to creating a website of investigative journalism called www.DeepCapture.com (winner of the 2008 Weblogs Award for Best Business Blog), at which point CNBC, FortuneMagazineJoe Nocera, etc. developed sudden cases of laryngitis about me (lest they have to mention the website where my opinions were expressed without filtering: DeepCapture.com). + +Now that Overstock has won, I would expect CNBC to invite me back to discuss these events, about which CNBC was so wrong and vocal. I estimate that the chance this happens, however, are roughly the same as the chance that any mainstream journalist who covers this $5 million settlement will mention DeepCapture.com, despite its having been central to these events. + +I believe that the two factors which most determine the long-term health of a nation are its education system and its capital market (that is, its systems for developing human capital and for marrying it to financial capital). The miscreants of Wall Street may not be numerous, but they work together, and their blackguard ways impose an enormous social cost on our country. Presumably that claim will strike many as more plausible than it did when I first began publicly making it in August 2005. + +I'd like to thank the late John O'Quinn, in whom I found an ally. I wish also to thank Overstock's fine legal team at Stein & Lubin for the superb work they did on this case. They will now be turning their full attention to Overstock.com's pending suit against the prime brokers (see below). + +Your humble servant, + +Patrick M. Byrne + +History of the Rocker Case + +In the landmark case, filed in Marin County, California August 11, 2005, Overstock.com, along with shareholder plaintiffs, sued Gradient Analytics, Inc.; Rocker Partners, L.P.; Rocker Management, LLC; Rocker Offshore Management Company, Inc. and their respective principals. On October 12, 2005, Overstock.com filed an amended complaint against the same entities alleging libel, intentional interference with prospective economic advantage and violations of California's unfair business practices act. On October 22, 2008, Overstock.com amended its complaint to name as additional defendants Cathy Longinotti, Mark Montgomery, Phillip Renna and Terrence Warzecha because of their former or existing status as general partners of Copper River Partners, L.P. + +Overstock.com asserted that David Rocker, his partner, Marc Cohodes, entities under their control, and other confederates worked with the so-called "independent" research firm, Gradient Analytics, to defame Overstock.com by publishing false information in order to drive down Overstock.com shares and profit from their short positions in the stock. Overstock.com based its complaint on affidavits from four former Gradient insiders who swore that it was well known that Gradient worked closely with some of its short-selling hedge-fund subscribers to issue "special" negative reports on specific companies targeted by those subscribers, and that Rocker, among others, had special editorial privileges and coordinated publication timing to allow his hedge fund to position their portfolios in advance of publication. Overstock.com alleged that Rocker and Cohodes participated in suggesting and editing the false reports which were published throughout the period of 2004 to 2005, and which a judge, in commenting on the frequency of the attacks referred to as, "carpet bombing." Overstock.com also asserted that high profile reporters in the financial media were given unprecedented access to the Gradient reports for the purpose of further coordinated dissemination of the false Gradient reports in Rockers concerted effort to damage and defame the company and drive down its share price. + +On October 10, 2008, Overstock and Patrick Byrne reached a confidential settlement agreement with Gradient Analytics and its current and former principals. Those defendants have been dismissed from the case after issuing a statement of "regret," reversing Gradient's published positions on Overstock.com, and stating that Gradient had "examined and improved its internal policies concerning how it communicates with clients, including hedge funds, and the media." + +On May 14, 2009, the shareholder plaintiffs dismissed their claims against the Rocker defendants. + +On November 9, 2007, Copper River Partners, L.P. f/k/a Rocker Partners L.P. filed a cross-complaint against Overstock.com and certain of its current and former directors. The Copper River cross-complaint alleged cross-defendants engaged in violations of California's state securities laws, violations of California's unfair business practices act, tortuous interference with contract and prospective business advantage, and deceit. On April 23, 2008, the court dismissed Copper River's cross claims against certain former Overstock.com directors. In that same ruling, the court dismissed four of the six claims against one of the former Overstock.com directors (and later Copper River dismissed the remaining claims against that director). In a separate ruling on the same day relating to Overstock.com and Patrick Byrne, the court dismissed the common law fraud claims and equitable indemnity claims and eliminated the possibility of money damages under Copper River's claims that Overstock.com and Byrne engaged in unfair business practices. + +Trial for both the Overstock.com complaint and the Copper River cross-complaint were set for February 9, 2010. + +History of the Prime Broker Case + +On February 2, 2007, Overstock.com, along with five shareholder plaintiffs, filed a lawsuit in San Francisco against Morgan Stanley & Co. Incorporated, Goldman Sachs & Co., Bear Stearns Companies, Inc., Bank of America Securities LLC, Bank of New York, Citigroup Inc., Credit Suisse (USA) Inc., Deutsche Bank Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith, Inc., and UBS Financial Services, Inc. In September 2007, Overstock.com filed an amended complaint adding two plaintiff shareholders, naming Lehman Brothers Holdings Inc. as a defendant, eliminating the previous claim of intentional interference with prospective economic advantage and clarifying various points of other claims in the original complaint. + +This suit alleges that the prime broker defendants, who control over 80% of the prime brokerage market, participated in an illegal stock market manipulation scheme and that the defendants had no intention of covering short sell orders with borrowed stock, as they are required to do, causing what are referred to as "fails to deliver" and that the defendants' actions caused and continue to cause dramatic distortions within the nature and amount of trading in Overstock.com stock, as well as dramatic declines in the share price of Overstock.com stock. The suit asserts that a persistent large number of "fails to deliver" creates significant downward pressure on the price of a company's stock and that the amount of "fails to deliver" has exceeded the entire supply of outstanding Overstock.com shares. The suit accuses the defendants of violations of California securities laws and common law, specifically, conversion, trespass to chattels, intentional interference with prospective economic advantage, and violations of California's Unfair Business Practices Act. + +In April 2007, defendants filed a demurrer and motion to strike the Overstock.com complaint. Overstock.com opposed the demurrer and motion to strike. In July 2007, the court substantially denied defendants' demurrer and motion to strike. In November 2007, the defendants filed additional motions to strike. In February 2008, the court denied defendants' motion to strike the Overstock.com claims under California's Securities Anti-Fraud statute and defendants' motion to strike the Overstock.com common law punitive damages claims, but granted in part the defendants' motion to strike the Overstock.com claims under California's Unfair Business Practices Act, while allowing the Overstock.com claims for injunctive relief under California's Unfair Business Practices Act. + +Lehman Brothers Holdings filed for bankruptcy on September 15, 2008 and Barclays Bank has purchased its investment banking and trading business. Overstock.com elected not to pursue its claims against Lehman Brothers Holdings in the bankruptcy proceedings. On January 12, 2009, the prime broker defendants filed a motion to strike portions of the Second Amended Complaint regarding allegations of collective action among defendants and the request for punitive damages. Also, on January 12, 2009, the prime broker defendants filed a demurrer to the first and second causes of action for conversion and trespass to chattels and a motion to strike various other allegations of the Second Amended Complaint. On March 19, 2009, the court sustained the demurrer to the first and second causes of action, but granted leave to amend the complaint. The motion to strike was denied. On April 20, 2009, Overstock.com amended its complaint against all the defendants, re-pleading conversion and trespass to chattels causes of action. The prime broker defendants again filed demurrer to the amended complaint and, on July 23, 2009, the court sustained the demurrer. Discovery in this case continues. +Basically the title. We're living out of country and bought a lot in Wyoming. We found out from one of our parents who drove by that there are vehicles parked on the lot, presumably belonging to the neighbors. What's the best plan of action? +The SP500 dropped around 10% and this week (as of Friday 6th March)the market didnt drop further compared to previous Friday(28 Feb). While specific stocks from some blue chip companies have dropped 20% for more. + +I have been mostly investing in index funds till now but thinking about whether to adapt to market conditions. I am not much experienced in investing and not a experienced trader. + +Question + +1. Does it makes sense to switch to stock picking or at least sector specific ETFs at least till the market recovers or just continue buying world index funds during dips every 2 to 4 weeks to maximize long term gains? + +2. Or may be even do a balanced approach, say invest 70% in index funds and do stock or sector ETF picking with 30%? Does most of the passive investors do something like this or always put 100% in index funds at times like this? +EDIT: + +Thanks so much for all the responses. A few updates from today / things to make clear: + +- I don't think the neighbour is bullshitting or trying to pull one over on us; she's been very forthcoming about the fence, has shown us all of her plans, has also told us to contact a lawyer and our conveyancer and the real estate agent to find out wtf is going on on their end. We wouldn't have known a thing about this if she hadn't come over and told us + showed us her plans. +- Turns out the fence isn't being built just yet (thank god), so she's likely just telling us what the plans are so we can get prepared + find out our rights and so on so that we can make an agreement with her. +- I think the boundary was originally 30cm closer to our house, but the fence (at least 15-20 years old) was built closer to her side. I think the whole "boundary changing" thing is that she's agreeing to keep the new boundary and pay for more of the fence. I think based on adverse possession laws the land is technically ours anyhow. +- Part of the two-storey extension will indeed block some natural light; the wall may be favourable in the end, and may add to the aesthetic value of the house. The thing we are upset about is that the vendor apparently agreed to all of this and didn't tell us. **Not mad at the neighbour, mad at the vendor and real estate agent who apparently have a lot of communication about this and haven't passed it on.** + + +ORIGINAL: + +So. Just moved in to a house we bought back in January with a long settlement. Settled a month ago and moved in two weeks ago. + +Have met the new neighbour. She's told us that she's had a heap of discussion and complaints with vendor + real estate agent about issues with our fence, which was partially broken from tree roots on our side. Works done last year to try to fix it, trees removed, fence is pretty fucked, but not obvious to the naked eye (nor to our B+P inspector). + +This was never mentioned in the section 32, nor was any correspondence about this passed on via our real estate agent. + +Current fence is your standard ~2m tall wood fence. Neighbour wants to replace it with a 3m brick wall. Did some sort of a deal with our vendor which gave vendor about 30cm of extra land (done via council, not just some handshake agreement) in exchange for having a higher wall. From what we understand this was done during the settlement period. + +Wall is about to be built, there's a 3m support beam in place showing where it'll go, and looking at it seems like it will dramatically reduce the amount of light on our block (it's a small block, 7m x 40m). [Here's a photo](https://imgur.com/35SfGaP.jpg) + +For reference, the house is old (1940s) and cold. The only natural light comes via big windows along our north boundary, which is the boundary we share with the neighbour in question. The windows are about 1.5m from the boundary, and we're worried that a 3m high wall will mean we get next to no natural light during winter. + +This post is part vent, part advice; we've contacted our conveyancer about it to find out WTF is going on, neighbour has been extremely up-front, openly told us about it, is sending us all the correspondence she's had with vendor and real estate agents, including documents from council, building notices etc. + +This is pretty infuriating though. Seems like a pretty massive thing to just ... not tell the people buying your property. Am I being crazy, or is this a bit of a shit thing for the vendor to pull? +I recently sold $1.2m in shares, leaving me with a $160k CGT bill due in 2022. I made this sale because my risk profile was too high, so am diversifying into property - namely a house to live in. + +Now, I could just pay the $160k in tax next year and say goodbye to it. Or, I could take $160k out of the cash I've now got, and punt on relatively risky shares like those often mentioned here. If every share tanks, my CGT bill is wiped. If they do well, I have enough money to pay the CGT bill, plus a profit (which obviously would have its own CGT bill, but at least I'd make some money). + +Am I missing something here? Neither my accountant nor financial advisor suggested this, and I'm a total novice when it comes to money, so I'm sure I must be missing something here. I realise I am missing out on the opportunity cost of that $160k, which I'm guesstimating at $16k if I was to put all of the $160k into my new property or an index fund. But I'm much more willing to gamble on the opportunity cost loss than have a 100% guranteed $160k tax bill. + +Hit me with your thoughts on what an absolute fucking retard I am. +Link to original post: https://www.reddit.com/r/UKPersonalFinance/comments/ou6xue/refusing_to_be_a_guarantor_for_a_family_member/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + + + +With thanks to everyone’s suggestions last week. I did refuse, despite my hesitance because we grew up together, we’re very close, and I was worried I was losing a friend and most importantly a family member. + +She did find another (much stronger) guarantor but the offer was still rejected by the landlord because she’s self employed. Ultimately it made no difference whether I accepted or rejected to be her guarantor, but she apologised and said she won’t ask me again in the future. + +Sad thing is, in all of this, despite nothing changing and she’s still living her life business as usual, I’m still the guy who rejected helping her when she needed me. I totally get the premise, too risky etc. But I can’t help but overthink about how this is going to look in the future. +Hopefully we remain friends for days to come, but who knows anymore. + +Thanks to you all on this subreddit. You’ve been immensely helpful, and I’m very grateful. +Greetings apes, please see [my post from yesterday where I use my hypothesis that GME is repeating its early January price and volume action.](https://www.reddit.com/r/Superstonk/comments/mtf4e4/gme_magnum_opus_dd_past_present_future/) YOU WILL NOT UNDERSTAND THIS IF YOU DON'T LOOK AT IT. This is based on the idea that GME has been in a nasty FTD cycle since last year, so we can use previous prices to predict future prices. Again, do not take this as fact and do not get tied to predictions. This is simply my opinion based on my research and it very well could be wrong. I am not a financial advisor, this is not financial advice. + +**Update on the Theory** + +To recap, my thesis is that GME is currently following the same price action as early January (exact dates from January below) and that because of that, it will be following this same pattern: + +https://preview.redd.it/6ombiegs05u61.png?width=1352&format=png&auto=webp&s=2132dc387ca703f39c503224599b8b9223ef92fa + +I currently believe that GME is in the exact same spot as it was in on January 11th. Here is my data backing that up: + +GME price and volume action from 12/28-1/8 and 4/5 - 4/16: + +&#x200B; + +https://preview.redd.it/jadjqm8u05u61.png?width=1166&format=png&auto=webp&s=487d638ac471982fd2b76c56b971e3e0f31f93b3 + +https://preview.redd.it/93jt6w2v05u61.png?width=1178&format=png&auto=webp&s=183dc0c95b296068e304cbdee561e49f4e176d2b + +This is a summation of what I posted yesterday. The crux of this is that price and volume have been fractally repeating because of the FTD cycle and that the price repetitions are now uncanny. We can see that last Wednesday - Friday is almost identical to the Wed - Fri January time frame that I covered. If this theory is correct, then today (4/19) should follow the same price and volume action as 1/11. AND WOULD YOU LOOK AT THIS (1/11): + +https://preview.redd.it/uohfzppw05u61.png?width=624&format=png&auto=webp&s=c4792ecd29a15251a91b5417432ecb5841a8464c + +This shows a significant gap up in price and volume. The gap up in price is not higher than the price was before the week-long dip. Here, you can see exactly the same thing is happening today (at 10am). Obviously, the day is not finished so this is incomplete, however, there was a gap up in price that was not higher than prior to the week-long dip. Though it appears that volume is lower, it's only 10am and volume is on pace to be significantly higher than both Thursday and Friday, just like 1/11: + +https://preview.redd.it/3rs1h4tx05u61.png?width=700&format=png&auto=webp&s=d13845131cc1691ebba97ac471d4dce64c3ec93d + +**More similarities** + +In my previous post, I said that the 1/11 increase was due to an SEC filing about GME. Here's that filing: [https://www.globenewswire.com/news-release/2021/01/11/2156168/0/en/GameStop-Announces-Additional-Board-Refreshment-to-Accelerate-Transformation.html](https://www.globenewswire.com/news-release/2021/01/11/2156168/0/en/GameStop-Announces-Additional-Board-Refreshment-to-Accelerate-Transformation.html) + +The filing is about accelerating their digital transformation and making changes to their leadership. TODAY, we got information that GME's CEO would be stepping down soon. This rise also might have been on the tailwinds of DFVs epic double-down. Either way, the catalysts were similar. Notably, this was one of the last major catalysts in January, and the price simply rose due to media coverage and momentum alone, which is why I called it the start of the squeeze (the point of no return). + +**The future** + +If my theory is correct, then tomorrow should be an extremely flat day in terms of price (should be slightly negative) and volume should decrease significantly. The peak of the week should be on Wednesday, which should be characterized by an almost unseen increase in volume and the biggest single-day price increase in months. Then, volume should taper off slightly the rest of the week while price continues to rise (but not rapidly). If all of this happens, then we are weeks away from the MOASS. Again, this is just a theory, do not take it as fact. + +**EOD Update:** + +We ended the day at 164.37 and volume was at about 10.5m, which is more than the previous two days just like 1/11. I would've liked to see more volume today and for us to have held that gap up better. I still think there is a chance that we have a correlation here. Tomorrow should be a relatively flat day on low volume. Wednesday will definitively tell us if this theory is right or not. I will make a new post updating everything tomorrow. In the meantime, I used TOS OnDemand to see the minute chart of 1/11 and have posted it below to compare to today. Price action seems similar (large gap up pre-market, super high volume at market open, volume and price then fade off the highs for the rest of the day): + +**1/11:** + +https://preview.redd.it/udyf8lamq6u61.png?width=2204&format=png&auto=webp&s=c0825c339c0d53b428211b2ee4d1d3537f6b2c07 + +**Today:** + +[Now that's what I call an IV crush](https://preview.redd.it/s9zauvhpr6u61.png?width=2206&format=png&auto=webp&s=48d13530b8c1f86debd864c3c4f408f15c27286c) + +Finally, just want to reemphasize that tomorrow means nothing in terms of proving this theory. If GME is light on volume and flat on price, that is not an indication that this theory is correct, it just isn't an indication that it's wrong. If GME rises or falls significantly then we have proof that the theory was wrong. As I said above, Wednesday is the definitive test as to the merits of this theory. + +For context, here is the timeframe that I am comparing. Everything to the left of the red line has already happened so far and we seem to be following a similar trend. Note that today we had a gap up in price, higher volume than the previous two days (but nothing extraordinary in terms of volume), and significant premarket movement. + +https://preview.redd.it/jhw0nx75q6u61.png?width=1290&format=png&auto=webp&s=dac9effb653b6ce62600233c489a98ef72f95fc4 + +As I said in the comments, I will be posting another one of these with updates tomorrow, so stay tuned for that. I will also be definitively telling apes when I believe that the theory is wrong based on evidence. If I never tell you that, then I guess we've established residence at tendietown. + +&#x200B; +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! + +We’ve always been cities people, lived in different major cities all of our lives, we live the diversity in food, culture and people. + +Lately, and partially due to having kids and getting older, we’re considering permanently moving to the countryside to get a bigger house, lots of land and a more peaceful living. I’d imagine we’ll be able to get a really nice place with almost everything we need - gym, gourmet kitchen, we can even get large garden going... + +We are also considering homeschooling our kids. + +Country home would still be within 3 hour drive of a major city in case we need stuff. + +Want to hear from fatFIRE city people who’ve made that move - are we just delusional in conjuring up images of a bucolic lifestyle full of gardening and animals? Or is this really a lot of work, make inconvenience, and boring all around? +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 /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Just got an incorrect bill for over $500.00 from an ex-cable/internet company nearly a month after I cancelled with them and moved, due to them not processing my returned equipment. Its probably common knowledge not to do this, but I had always set them up to take the total amount every month and set no-limit as my bill fluctuated slightly due to bonuses/promotions activating and expiring. + +If they don't have an option to limit the payment amount, spend the extra 2-5 minutes to read your bill, understand it, and then pay it through online or by CC. It could have put me in a real bind if I wasn't financially prepared or if I was a student, etc. + +This may only be applicable in Canada, Im not sure. +Hey Guys! I've just started investing in memecoins. I bought a bit a safemoon before, but Moonpirates is the first coin I've ever bought and really fallen in love with. I've never had more fun investing in anything in my life. The community is amazing and everyone is incredibly nice! They even produced their own SONG!!!! + +Here's a bunch of info about the coin if you're interested! I hope you guys hop aboard on our moon trip! Pirates to the Mooooooooooooooon!!!!!! YARRRRRRRR!!!!!! + +🌙 2 Weeks Old and 54,000 Holders + +📛 100% LP Tokens Burned + +🇺🇸 ADVERTISED ALL OVER USA (BILLBOARDS WENT LIVE TODAY, PICS COMING SOON) + +📥 PIRATESWAP PLATFORM + +🧉 RUM MANUFACTURING + +📈 BLOCKFOLIO, STOCKTWITS & DELTA LISTED & APPROVED + +✅ Double Audited + +✅ Distillery Contracted + +✅ Community-Owned & Managed + +✅ Big Announcement Coming (May 1st) 👀🔑💰 + +🌕🏴‍☠️More Background🌕🏴‍☠️ + +MoonPirate was a fair launch project that started on April 16. The owner has renounced ownership, 100% of the LP Tokens have been burned (forever), and 60% of the token supply was also burned. + +After a community vote, it was decided that MoonPirate should create it's own brand of rum, which has been under development since day 1. It goes into details in the litepaper, and there are 2 audits already completely, one by Tech Rate. + +The original dev/founder of the project is MoonPirateAdmin, who started AquaGoat which also mooned. He has renounced ownership, and has an AMA which just went on the MoonPirate Official YouTube channel explaining the current status of the project. + +DYOR, but there is still a lot to come from this fantastic team. + +🥃MoonPirate rum🥃 + +(Not yet released) + +[https://get-nok.com/shop/ols/products/moonpirate-rum](https://get-nok.com/shop/ols/products/moonpirate-rum) + +💵 Purchase on Pancake Swap + +0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66 + +🌚 MoonPirate is SAFU and sailing to the MOONboat + +🔥 100% LP tokens burned. 63% of all supply burned. + +♻️ 2% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 1.2% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🔥 0.8% GETS BURNED FOREVER + +🔮 Contract Address 🔮 + +0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66 + +👌🏻Ownership Renounced 👌🏻 + +🔥 LP Burned 🔥 + +📲 Links 📲 + +Website + +[moonpirate.finance](https://moonpirate.finance/) + +TELEGRAM: [https://t.me/MoonPirate](https://t.me/MoonPirate) + +Twitter: [https://twitter.com/moonpiratebsc](https://twitter.com/moonpiratebsc) +Just a FYI to all the new investors looking at companies to hold their accounts, Schwab and TD will be merging. Was told yesterday by Schwab that eventually the platforms will merge. (Delayed due to COVID but estimate 24 months.) + +(Hope okay to post to educate the new followers.) + +EDIT: https://www.aboutschwab.com/TDA +For the past 8 months, I have seen many many posts and memes stating that Doge will NEVER be viable, it will NEVER hit a dime, NEVER hit a quarter, NEVER hit fiddy cent, NEVER EVER EVER will it hit a dollar! So far, all I see for logic behind these statements is "unlimited supply"! So, I am wondering what other fact or information is used for these statements, which all been proven wrong? Are they, in fact, just "haters" trying to deflect our money to another cryptocurrency? Are they just false statements from someone a little salty that they weren't able to get in at a low enough buy in price? Or, is there some sort of actual logical info that can explain why it shouldn't do what it is doing? +Hello + +While mirae Elss has been a consistent performer for the last 5 years, it's AUM has swelled to a whopping 14000 Cr /- + +**Advantages of Mirae ELSS**- +- consistent performer +- reasonable TER + + +**Disadvantages** - +- though consistent, it's still a new fund of 7 years +- too big AUM makes it difficult to repeat performance in future + + +Now with **alternatives**, we have - +1. **Quant Elss** - but its too risky due to high momentum chasing and high turnover ratio +- also it's AUM is rapidly swelling up. Presently it's 2143 Cr + +I have this weird fear that Elss which locks in money for 3 years makes it extra dangerous to keep money in quant, lest they shut down the fund due to fraud or other financial crimes. Maybe this fear is due to the obscene returns they have been providing in the recent past + + + +2. **Parag Parikh Elss** - too high ter of 0.83. otherwise still low AUM and trusted fund house + + +3. **Canara Robeco ELSS** - ter is okay at 0.61% and AUM is also Rs 4407/- Cr & according to [freefincal article ](https://freefincal.com/elss-mutual-funds-eleven-consistent-performers/) it IS a consistent performer. + +Only con is I have already invested in Mirae & quant. Though it's my personal problem, but I bet many would have already invested in multiple Elss by now!! + +My pick is the 3rd one + + +**Please discuss your choice of alternatives below and why** +We have a back unit that's roughly 400 sq ft. with AC, electrical, and some plumbing (hot water heater and washer/dryer are in it). I was talking with my wife about turning it into a rental property and how much it might cost. We'd have to add a shower, toilet, sink, and a small kitchen area. We'd also like to fence off some of the yard for the rental to use. + +We live in Austin and this kind of unit would appeal to someone in their 20s/30s (abundance here), not a family of 4. + +Here are my rough estimates: + +Outdoor rainwater system & shower -- $4k + +Compost toilet -- $500 + +Sink & stove -- $1k + +Plumbing & ventilation for sink & stove -- ??$$ + +Fence -- $2k + +Let me know your thoughts or if I'm missing anything. + +EDIT/UPDATE +Thanks everyone for the comments! There's too many to reply to all. In summary, here is my take-home: + +1. Do not do a composting toilet. Just. Don't. +2. Zoning will drive this to-do list, including dedicated parking. Do everything legally correct and minimize risks. +3. Spend the money and do it proper the first time (will have to hire, though, I'm not handy). +4. Airbnb it when the world opens up again rather than have long-term renters. More money and more transient guests. +My dad is a wonderful, kind man who is absolutely garbage at anything finance related. Back in the '60s, he started buying model trains (HO gauge, Märklin brand) and told my mom that they would appreciate in value. + +Today, I learned that he had car trouble and asked him why he didn't try selling some of the model trains to pay for his car. The heartbreaking response was, "I tried." + +Apparently, his model train collection—which was once valued at nearly half a million bucks—is now worthless. He has retirement, but it's very modest. + +What do we do? Do you know of any way we could recoup the money he invested in these things? + +&#x200B; + +tl; dr–My dad invested his money in a now semi-worthless German model train collection. How do we try to get back some of his investment? + +&#x200B; + +EDIT: Pics requested, so [here](https://i.imgur.com/iOdgs4Z.jpg) [they](https://i.imgur.com/BBBCAkS.jpg) [are](https://i.imgur.com/2SZP2eU.jpg). +My brothers and sisters, I come to you for guidance. I want to create a ETF portfolio that has monthly and quarterly dividends. I simply want to not have to worry and watch things stack up. + +My thoughts are- SCHD, JEPI & DIVO maybe some QYLD as well. But over all I want to once again drop it in and forget it. Any other ? Also what would percentage would you invest in each? + +I want to keep things small eventually I will add stocks but even then they will be well known companies like apple, Microsoft etc. I don’t want to complicate things and I think it’s cool that I could have a small portfolio and still make bank! So that’s my plan. + +I’m in my early 20s so I have time and My sources of income I have on the side are doing great so no doubt I will be able to dump plenty of income into those stocks. +I chose to look at some other companies and their short volume over the last month, including some big-boy FAANG companies, and some “meme” stock companies for comparison/perspective plus a certain bank/investment company that is clearly all kinds of financially fucked. + +The average short volume over the last month of trading for each company is shown below, spot the odd one out ;) + +GOOGL 37.70 + +AAPL 49.90 + +AMZN 40.38 + +NFLX 52.70 + +META 41.23 + +BBBY 40.93 + +GME 68.27 + +KOSS 38.09 + +BB 57.84 + +AM See (theater chain) 60.23 + +CS (Yes, Credit Suisse) 43.13 + +BRK.A 5.12 + +BRK.B 43.44 + +MSFT 38.68 + +C (Citigroup) 37.55 + +KO (Coca-Cola Co. NYSE) 45.93 + +WMT 50.45 + +BABA 48.52 + +TSLA 45.90 + +NEGG 54.14 + +Now does anybody else find this interesting? Firstly GME is far and away the highest short volume amongst all these companies that are also trading on the NYSE. I mean Credit Suisse, wtf? Maybe they are going to be bought out so people have decided they are as low as they can go. + +Berkshire Hathaway Class A is trading at $480,000 per share and is only %5 percent short volume over the last month. I suppose that shows a lot of faith in Buffet and Munger to negotiate a recession/depression market. + +The only other of these companies within the same ballpark is the popcorn selling, movie showing one. Interesting, considering it is trading in the $7 range. I suppose SHFs think it could go back to the $5 range/or bankrupt. It is in a truly terrible financial position, and so 60% short volume is not unexpected. + +However considering GME has proven to be stable above $24 for months now, I’m wondering what the reasoning/excuses are to their investors for continuing to short GME, to no avail. We keep buying, holding and DRSing. Soon everyone will learn what is happening despite media fud. Then kaboom, MOASS. + + +TL;DR, GME has the consistently highest short volume, yet price won’t budge below $24 because we keep buying holding and DRSing. Suck it, hedgies. You can’t keep shorting it forever because time and shares are running out. Fuck you, pay me! + +Edit: AAPL, AMZN, NFLX, MSFT, TSLA, META and NEGG are on NASDAQ, not NYSE. So it’s roughly split between exchanges. + +Also added some others as requested. +No dealing with clients, no dealing with no paying renters, no dealing with repairs, the returns are the same and maybe even a bit more. So which one to choose? Way less work buying spreads and collecting premium (sit in your bed and do it). Instead of doing a basically part time job handling rentals. Which is less risky and which has more returns? +Some title, huh? + +This is partially a success post, since I just hit $200k and wanted to celebrate, but also I wanted to offer a breakdown of what my journey has looked like so far, while undergoing cancer treatment in the US as a young person. Let me tell you, it's been a ride. + +Here's the TL;DR for all y'all who don't want to read: 24F engineer discovers FIRE, saves for a few years, goes back to grad school, gets cancer, gets dream job, buys a house and adopts a dog. 29F today. + +So right off the bat I'm going to acknowledge my privilege. I was raised by frugal parents in a lower-middle class background so I always had an appreciation of finances, and had help paying for my undergrad education. I graduated without a crushing amount of debt ($22k) and went into a lucrative field (engineering). Not all are as lucky as I have been. + +Ready? Let's blast off. + +&#x200B; + +**Year 1:** Age: 22 NW: -$20,000 Salary: $0 -> $63,000 +Notes: Graduated with a degree in aerospace engineering in the spring and got a job offer in the defense industry on the other side of the country in the fall. I like space ships, not missile, but hey, I needed a job. Packed my bags and drove 2000 miles away. As soon as I got my first paycheck I started aggressively paying off my student loans. + +**Year 2:** Age: 23 NW: $6,000 Salary: $65,000 +Notes: Was about halfway through my student loans, got myself some fancy new toys, but wasn't loving my career. Still sort of just coasting and enjoying having disposable income for the first time in my life. + +**Year 3:** Age: 24 NW: $34,000 Salary: $68,000 -> $82,000 +Notes: I paid off my student loans! ...Now what? I suddenly had a surplus of cash and didn't know what to do with it. So I started to google and read a bunch about investing, and that's when I encountered **FIRE**. Finally I had a plan. Even though I didn't love my job, I could at least work toward the goal of investing and retiring early. Hell, I was already living frugally. Almost immediately after that I was headhunted by a competing company and quickly jumped ship. (Spoilers: I wouldn't enjoy the new job any more than the previous one. In fact, it solidified my resolve to switch career paths, FIRE be damned.) + +**Year 4:** Age: 25 NW: $74,000 Salary: $82,000 -> $0 +Notes: After less than a year in the new job I was already ready to leave. I'd spent the last year aggressively saving before I applied to graduate school in a field tangentially related to my own (astrophysics) which makes less moolah, but would bring me a lot more happiness. I got in! The first year of graduate school was super fun. I took on some debt, as I applied too late to be considered for a Graduate Teaching Assistant (GSA) position that first semester, but hey, I was desperate to get out of my soul crushing career. I had enough money to pay for living expenses previously saved from my engineering jobs, so I just enjoyed college that first year, applied to be a GSA the following year, and applied to lots of internships for the next summer. + +**Year 5:** Age: 26 NW: $82,000 Salary: $20,000 +Notes: And I got an internship at NASA! It was my dream internship. It was also during that internship I noticed a bump in my neck. That summer I went to three different doctors who all assured me, "You're young, it's probably nothing." I was young, but it wasn't nothing. When I returned to school that fall I went to my uni's crappy medical clinic, and the nurse there actually had the humility to admit she didn't know what the bump was. Instead of brushing me off, she referred me to a head and neck specialist. That nurse saved my life, because 2 months later I was diagnosed with cancer. That's a big *oof* in your 20's, in the middle of graduate school with hardly any income or health insurance. Oh yeah, and then I got the call to come interview for my dream job on the Artemis program two days later. Talk about a roller coaster. +I skipped my finals that winter to have surgery. I recovered over winter break. The doctors told me I should take the next semester of school off, but I'm a bit stubborn. I had my thesis coming up, and I got an offer for aforementioned dream job. Hell no I wasn't going to quit now. + +**Year 6:** Age: 27 NW: $67,000 Salary: $15,000 -> $78,000 +Notes: In January I took my missed finals. That semester I took the last two classes needed to get my master's, continued to teach and grade as a GSA, finished my thesis, and underwent radiation treatment over spring break. The bills started rolling in right around when I was graduating, but at least I had a job lined up. All told, I probably paid $10k out of pocket that first year (but let me tell you, that HSA I opened years earlier after reading about it on FIRE blogs saved my butt). Once I started my 9-5 I bought the best health insurance plan they offered. My parents also helped to pay about $5k of my medical bills. I know, they're amazing. I love them. + +**Year 7:** Age: 28 NW: 105,000 Salary: $81,000 +Notes: You may have noticed that my new salary, despite me now having a master's degree and more years of experience, is actually less than my salary before I went back to grad school lol. I had expected that. That's what you pay for happiness. After getting back into my career, I was able to start aggressively saving again... which is great, because 9 months into the new job I was diagnosed with Cancer: Round 2. Fight! (And getting scheduled for surgery in the middle of a pandemic is it's own fun bucket of balls, let me tell you.) Luckily this time I recovered much faster, and paid only $2,500 out of pocket due to the very fancy health insurance I mentioned before. + +**Year 8:** Age 29 NW: $200,000 Salary: $85,000 +Notes: And because I guess I was feeling giddy after the cancer thing, I decided to buy a house! Just three months ago. So part of the jump in my NW is due to home equity, but not much. This was just a really good year for my investments, and I saved over 50% of my income. Oh, and I also got a puppy, because I've always wanted one but I wanted to wait until I had a yard, first. He's 4 months old now and is the best thing to ever exist in the history of humanity. Which brings us to... today. + +&#x200B; + +The blood work is looking good, so if I'm lucky all the cancer stuff is behind me. The frequent labs and ultrasounds are still a bit of a drain on my finances, and I'll be on daily medication the rest of my life as a result, but I'm lucky to be in a good paying field that can support my medical needs. + +**SUMMARY** +Average Income since undergrad: \~58k +Liquid Assets: $20k +Retirement Accounts: $150k +Home Value: $450k +Mortgage: $410k +Grad Loans: $10k +\------------------------- +Net Worth: $200k + +At the rate of current expenses and savings, I think I can hit my FIRE number in 10 years, around when I hit 40. This isn't accounting for things like kids (I'm a gay woman, so if anything I'd adopt), marriage (a boosted combined income would be excellent), extra roommate income (I've got another room in this house I'm not yet renting, because I'm just enjoying alone time with my pup), or a side hustle. However, a side hustle is likely in my future, because while all this was going on, I was also working on my hobby, which is writing fiction. I don't self publish, but I've been querying in traditional publishing circles for a few years now, and it's looking like a book deal might be in my not so distant future. If my writing career does take off, I think I could go to part-time work in about 5 years. Writing is something I really love, and it's been an amazing stress reliever and outlet for everything I've gone through, so if the numbers looked good enough I would even consider switching to that career full time. But that's still just one of many possible tomorrows. + +Things I'd do differently? + +Not much. I guess if I had the magical ability to predict my cancer I wouldn't have chosen to do grad school at the same time, lol. And grad school itself basically lost me 2 year's worth of early savings and compound interest. But I'd do it all again. I loved the program and the people I met there. I've loved working at my new job. I mean, we're sending people to the flippin' Moon, guys! How sweet is that? I didn't enjoy my first 3 years in the defense industry, but it was needed to gain valuable work experience and skills and pay off my undergrad loans. Oh yeah, and I still have $10k on my grad school loans, but since there's no accruing interest or payments due right now as a result of the pandemic (and Biden may or may not forgive student loans) I'm holding off on paying those down in order to invest and replenish my liquid assets after pouring a bunch into the house closing costs. + +So, yeah. That's it, guys. It's been a ride. Dunno if you all got anything out of this, but it's been fun to share. I guess if I had any parting words of wisdom, it's to not sacrifice your today for your tomorrow. Running face-first into cancer was a pretty big wake up call for me: all that saving and FIRE planning I'd been doing, and I might die before I would mean anything? I'm not saying to go out and blow all your cash on cars and casinos. But hey, go for that lower paying career that'll make you happier. Finally get that dog you promised yourself you'd have when you were 12. Make time for your favorite hobbies today. + +[Puppy Tax](https://imgur.com/a/lz1DSsS) + +EDIT: Obligatory "Wow, this blew up!" I just want to answer some additional questions here so you don't have to go digging. + +**What kind of cancer is it?** Thyroid cancer, which had done a lot of spreading. I got it worse than your typical thyroid cancer case, but thyroid cancer is still waaaay more treatable than most other types of cancer, so I feel both lucky, and optimistic about beating it. + +**Where did you live during this?** Florida, Alabama, Arizona, and Colorado. The first three were low cost of living and I was able to save a bunch. Denver has been much higher COL, so it's been tougher to save. + +**A $450k mortgage seems like a lot.** Well first off, that's not a question. And second, yeah, I know lol. But I have a very low interest rate, and the price is actually on the low end (without being a dump) for the city I currently live in. In fact, the mortgage is only about $500 more than I was paying for rent on my 1 bedroom apartment. And if I wanted to rent out the extra room, I'd actually be saving money! Since I'm settled with a job I intend to stay with in a city I intend to stay in, financially it just made more sense. +This isn't my article, I came across it doing some research, really like it, and thought it was worth sharing here :) + +[https://epchan.blogspot.com/2019/04/the-most-overlooked-aspect-of.html](https://epchan.blogspot.com/2019/04/the-most-overlooked-aspect-of.html) + +The giveaway: it's collaboration. Another algotrader to work hand-in-hand with to share, develop, and implement new ideas, etc.. + +I've been working on algotrading basically full-time, teaching myself from scratch, for the past 6 months or so. Working by myself for pretty much this whole time, I can definitely attest to a desire for someone I can work with at a much closer level than what we often feel comfortable sharing publicly in forums like this. + +Thanks for everything that you all have been willing to share in this sub, it has helped me immeasurably these past months. + + +After having an accident in our old car we wanted a new one on finance, but due to our poor credit we opted for one of these poor credit car specialists. After a few back and forth checks, including the finance company using 'credit kudos' so they had access to everything financially, we eventually got accepted for a loan of 10k, but with interest the car we chose ended up being 13,400 overall after 5 years. The first thing the specialists say on the phone is 'we deal with affordability over credit'. + +We pick up the car, have it for 10 days, life is good then all of a sudden a recovery truck is following the other half, picking up our 2 year old from nursery and 5 year old from school. The driver says he has to take the car or he will perform a citizens arrest and get police assistance if she doesn't cooperate, confused with what's happening and the chaos of the children she handed him the keys and he loads our brand new car onto the truck. The driver rings his office who doesn't understand the situation so then rings the company providing us with the car finance, who says they have completed further credit checks and state we shouldn't of been given the loan in the first place. They was aggressive over the phone and belittling us and told the driver not to take my partner home, with now a 5 year old, 2 year old, 2 car seats amongst everything else in the car. + +She gets home and rings the car finance company and they say they have missed something on their end and she never got credit checked properly, yet before we even had the car they must of done 3 or 4 checks. They then proceed with what will happen going forward, and this is where it gets even better. What they have said is that we have to pay the full car value, plus admin fees, plus cancellation fees, and half of what the car brings at auction, totalling as it stands, £20,930. If we cant afford the car why are they making us pay almost double? In the original contract we signed with the credit agreement it even mentions we have the right to withdraw from the agreement within 14 days... we've had the car 10? I'm so in shock with what's happening and just need advice, we've talked to citizens advice but because it's the weekend, we aren't hearing much and we are just panicking. + +Thanks for taking your time to read this post. + +*edit* +Thank you for all your responses. We got the car through carfinance247 who passed us onto one of their lenders, will mentioning the lenders name cause me any implications? On the phone yesterday we asked for everything that has been said to be putting into an email, the response we was met with was they had to get their manager to write it up, we are still waiting for this email to come so we can pass it forward to citizens advice. +Hello everyone, + +I know that there are many resources, especially books, but I learn better with videos and courses. Are there any recommended videos or courses that would be helpful for someone that doesn’t have a finance background, but had experience with Python and Data Science/Machine Learning? + +Thank you in advance! +[One Share Per Day](https://preview.redd.it/dfgljkjfa1191.jpg?width=1700&format=pjpg&auto=webp&s=49a6f27809874d5a807b91b17ee6744a905fe26a) + +You're doing great. Gamestop is undervalued after trading below it's Revenue Per Share of **$82.79** two weeks ago on May 11th and May 12th, 2022. If your average is between **$153.10 to $172.00** then you're in the stable zone of GME's price action! *(attached chart)* + +Revenue Per Share is a metric that is important to Gamestop because they are in a transformation phase that lowers profit to zero or below zero. Gamestop trading below **$82.79** this month indicates the shareprice is disconnected from the company, and retail investors can exploit this disconnection by going long on shares (buying and holding). + +This is the equivalent of finding a price error at a store then filling your cart. + +More ways to valuate GME: + +1. **$154.00** based on the post-sneeze low of **$38.50** multiplied by 4. (February 2021) +2. **$155.00** based on u/DeepFuckingValue's last known buy-in price. (Mid-2021) *source: DFV's update posts* +3. **$225.20** based on Gamestop selling 5 million shares for $1.13 billion. (June 2021) [*source*](https://www.barrons.com/articles/gamestop-stock-sale-51624371309) + +Today's closing price is $95.66. We are in deep fucking value. + +**Disclosure: I own $200,000 GME shares. 🚀🚀🚀** +I've got an opportunity to purchase two separate 1 acre parcels in Southern California for $1K each. + +They are just dirt, no utilities, no roads, and I wouldn't intend to develop them, but I feel like with the price so low, it's hardly different than throwing $1K into crypto or stocks. + +Would you or wouldn't you? +I am not a US citizen, I am based in Germany for tax purposes. I have some questions. Capital gains tax to my understanding in Germany are~ 25%, and in the US are 15% if you hold for longer than a year. + +1- Is there any difference with buying a stock lets say Disney which is offered both in XETRA and NSY? Besides transaction fees and $/€ difference? + +2- If for example I buy Disney with NSY and keep it over a year, and then sell it ( lets assume my profit is $100) I will then pay $15 (15% on Capital Gains) in taxes in the US and then I assume $10 to german tax ( because of ~25% Abgeltungssteuer ) as the already $15 paid are creditable because of tax treaties. Is that how it works? Would DEGIRO as I have a german account would already discount everything when I get the money, or do I have to then manually pay the taxes? + +Thanks! +I have stocks and crypto. I want to diversify + +I have no idea about bonds. Some people recommend then, while others don't. I am still young 30 years old. + +What should I do? What bonds do you recommend? +https://www.bloomberg.com/news/articles/2020-06-04/u-s-jobless-claims-understate-reality-with-gaps-in-federal-data + +"The U.S. Labor Department’s weekly jobless claims report has yet to reflect at least half a million filings for a federal pandemic program, with data reporting lagging behind payouts. + +Florida, Alabama, Arizona, Hawaii and West Virginia are among 18 states that showed zero initial claims under pandemic unemployment assistance, or PUA, in the Labor Department’s weekly report last Thursday. But the same states have actually received at least half a million in combined claims through the program -- established by the CARES Act -- which is aimed at helping those typically not eligible for regular state benefits, including the self-employed and gig workers. + +The gulf between the Labor Department’s data and state numbers -- compiled by Bloomberg News through state press releases, comments by officials and related data -- indicates the labor-market hit from the coronavirus may be more widespread than thought. While it doesn’t significantly alter the overall picture of mass unemployment as tens of millions of Americans have filed for benefits since mid-March, the undercounting further complicates closely watched data already beset by other errors and distortions." +I am currently employed in construction and required to provide my own ute and tools which had been factored into my annual salary of $100k. +How much would it be reasonable to reduce my salary by in exchange for my employer providing a fully maintained company vehicle. +My ute is fully paid off and worth between $25-30k and would look to sell that. +I drive approx 40,000kms per year and spend around $3000-3500 on services and things like new tyres etc. +I am restarting from betterment. I want to know which is most useful for dividends? Wouldn't monthly so your money get to buy more stocks sooner be better, then biger but slower? +I know i am buying O, kind of on the high side for me right now. So i unfortunately only be able to get 1 or 2. I dont want to sumo everything into one stock. I am starting with $290. +Hi All, As the title says, I have not lodged a tax return since around 2008. I have been with the same employer since 2000, and pay taxes via my salary. I stopped doing my returns around 2007 when my return would barely cover the Tax Agent fees... I thought to myself that it was not worth the hassle to only get $100 or so back. + +I've never had the ATO reach out to me, but I think that I need to do the responsible thing and get this black cloud off me. I know that I might have pissed away any potential returns, which is very silly. + +How much trouble am I in, and what is the best way to tackle this issue? One return at a time through online lodgement, or paying heaps in fees to a Tax Agent? Should my first call be to the ATO itself? + +Please be gentle, I am pretty stressed about it. TIA. +Source: was told by a CBA call Centre person. + +Mind boggling if accurate. 6 days x 96,000 = 576,000 calls a week. + +It also explains the two hour hold time that I had to wait over the phone. +We need to figure out when this new path for us started, and maybe what the "normal" universe looks like. Did it start with certain presidential elections? Did it start with Covid? Did it start when life gave us Elon Musk? Let's figure it out. Let's have this meaningless discussion while we become millionaires and are getting paid to do so because apes fucking HODL🚀💎🚀🚀💎💎💎 +**The Mello Casino is launching on Oct 8th, 2021 and the immersive VR version in 2022!** + +Mello isn’t just a BSC casino. Mello is a real licensed casino that will not only be the largest online casino on BSC but one of the largest online casinos in the world! + +**This token has been around for over 6 months and the team has been working night and day on the casino launch! They have consistently delivered on their development and now everything ready to go!** + +The Mello Casino NFTs reward players with deposit bonus of 3% and 6% depending on what one you hold. They are also stackable allowing a select few casino guests to receive a 9% bonus on your casino deposits. + +🎰 ONE TIME 1M Club NFT Airdrop for 1 Million+ token holders -. There will ever be only a few of these, which provide huge benefits in the app, so this is a unique opportunity. + +🎰 Sale of Exclusive Limited NFT Collection will start shortly - These give great benefits within the app, and as a result their resale price will be enormous! + +🎰 Profits from the NFT sale will be reinvested back into Mello, part as a 250 BNB buyback of the token, part to strengthen the liquidity pool, and 500 BNB will be used for marketing. This is going to have a huge impact! + +🎰 Big Marketing campaign will take place before the app launch on October 8th and massive community casino events, giveaways, and contests will happen 24/7! + +🎰 Mello currently has a Market Cap of 7.6 Million - Once the app launches on October 8th, we can expect the market cap to increase exponentially! + + + +**🟨 What is Mello?** +The Mello Token is a redistributive cryptocurrency built on Binance Smart Chain (BSC). The fast and inexpensive transactions of BSC make the Mello Token perfect for integration into our future Virtual Reality App. + +A 3% redistribution fee is placed on all transfers, purchases, and sales of Mello (outside of exchanges) which is rewarded to all Holders of the token. Put simply, all holders of Mello earn interest on a constant basis. Given the current volume I've calculated this to be around 15% APR, but will get way higher once the app launches on October 8th! + +**In addition, token holders with 100k+ or 1M+ tokens will receive monthly airdrops consisting on 5% and 7% of the app earnings, respectively.** + +It’s a truly innovative project with a use-case. The devs have done multiple live demos of the app. It's ready for the official launch! Token holders have some really exciting weeks ahead! 📈 + +**🟨 MELLONOMICS ** +Binance Smart Chain +Redistribuitive (3% tx fee is distributed among holders) +Liquidity Locked for 1 year +Supply max of 394 Million +Listed on CoinMarketCap, CoinGecko +Can be bought on PancakeSwap and the Whitebit exchange + +**🟨 FEATURES ** +BRIGHT FUTURE - Team is determined to reach goals quickly +DOXXED TEAM - All team has been doxxed on twitch +TRANSPARENCY - Verified and open source contract +REAL VALUE - The App is launching OCT 8 + + +**🟨 SOCIAL MEDIA LINKS** +🗳 TG : https://t.me/mellotoken +💻 Website : http://mellotoken.com +Hello Apes.... (This post was speculation, that became DD... as I was writing it... But I forgot to change the header and spec is easier anyway).. Ill get beat up a lil less... + +If we discover that the FED paid Blackrock $750M in FEES this year.... how would you feel? I believe, that Blackrock earned billions from the FED, and used this money to buy up assets. Thats why no one can afford a house. + +The shares are fake - its my speculation this is a Ponzi scheme that got out of hand - It got big, real Big. Maybe they should have slowed down once they started selling Fake IOU's all over the globe. + +Blackrock has trillions in assets, but its not sustaintable without the invisible FED hand that has been keeping the scam going... since 2008. + +**So what the hell am I talking about?** + +**I believe - the FED is using the Long Bond to control the market. Part 1 and 2 are below.** + +**Part 1** [**https://www.reddit.com/r/Superstonk/comments/u1yp21/the\_long\_treasury\_bond\_is\_being\_pumped\_this/**](https://www.reddit.com/r/Superstonk/comments/u1yp21/the_long_treasury_bond_is_being_pumped_this/) + +[**https://www.reddit.com/r/Superstonk/comments/u26776/the\_long\_bond\_is\_getting\_cellar\_boxed\_i\_cant/**](https://www.reddit.com/r/Superstonk/comments/u26776/the_long_bond_is_getting_cellar_boxed_i_cant/) + +We know the FED pumps up the market buying treasuries - they dont buy stocks or are not supposed to.... But they always buy the Blackrock ETF's. + +Let me show you the volume on TLT during the first covid crash in March of 2020. + +Far right column is volume... + +[https:\/\/finance.yahoo.com\/quote\/TLT\/history?period1=1492041600&period2=1649808000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true](https://preview.redd.it/g6wjtgwifct81.png?width=852&format=png&auto=webp&s=df8801d04d2f414db81bcc849c365d8df9cd9cbf) + +Let me show you Covid on the S&P 500 again. + +[It lines up with the volume... ](https://preview.redd.it/9ihfjch4gct81.png?width=545&format=png&auto=webp&s=a50d235e4b128b5dd4bcf06cbb32f140545af8ce) + +**When the FED talks about liquidity... they are pumping up the market so people don't get Margin Called... and have been since 2008.** + +They USE TLT and other ETFs... Whenever the market is down they Buy TLT. + +[TLT is .15&#37;. https:\/\/www.ishares.com\/us\/products\/239454\/ishares-20-year-treasury-bond-etf?referrer=tickerSearch](https://preview.redd.it/j3c99xgegct81.png?width=853&format=png&auto=webp&s=966cb5f5244e2f8d488dae20effc9a9cdd47edfe) + +The FED own $9 Trillion on their balance sheet. + +[https:\/\/www.federalreserve.gov\/monetarypolicy\/bst\_recenttrends.htm](https://preview.redd.it/ckkxzktngct81.png?width=741&format=png&auto=webp&s=edb3852a8e73454bc774fef878049d4a8315fb62) + +The FED bought Blackrock ETS for years and years and years.... + +Blackrock Stock went nuts... + +[These FED purchases gave Blackrock unlimited cash... ](https://preview.redd.it/gdngod91hct81.png?width=1763&format=png&auto=webp&s=f43b8f571c0a62049c98ec1c10539a1626ef06fc) + +If they have $5 trillion in treasury ETF's at .15BPS fee thats $750 Million. They also own agencies... + +[Its possible the FED is buying the agency ETF's. ](https://preview.redd.it/ojfyeu5jhct81.png?width=716&format=png&auto=webp&s=b492188cef5a6a241ef2eed23709ba94e065cdc6) + +A quick look at those products and they were trading these also - AGZ is an agency ETF. + +[The 776,900 Pump on March 02nd is the FED 100. ](https://preview.redd.it/iu15nxrwhct81.png?width=846&format=png&auto=webp&s=4b7218db62e1cdacbdc980e818a8320a77e810ae) + +The FEE's on the Agency funds are more at 20BPS. + +[Wow... 25&#37; more for Agenices Larry.. ](https://preview.redd.it/iltu2fe6ict81.png?width=545&format=png&auto=webp&s=e00111af9a52d217a1b00db5aeb10da42c0d0fc8) + +If the FED is holding the entire Balance sheet with IShares and Blackrock which I Suspect - then are are probably paying an annual fee of $1.8 Billion (For this year currently). + +Now remember, even tho everything is completely screwed - these guys still get paid... Now lets look at Blackrocks numbers... + +[https:\/\/finance.yahoo.com\/quote\/BLK\/financials?p=BLK](https://preview.redd.it/mhfyfzssict81.png?width=850&format=png&auto=webp&s=3ff208578bd6d574e589385794e57be75332dcb6) + +Blackrock did $19.3BN in fees last year and lets say 10% of that could be from the FED. + +The fees that Blackrock earned on this early on, gave it an unfair advantage and invisible hand over the competitors. It gave them fees from taxpyaer stimulus that they then used to buy assets for them selfs. + +[https:\/\/slate.com\/business\/2021\/06\/blackrock-invitation-houses-investment-firms-real-estate.html](https://preview.redd.it/rlr32p07jct81.png?width=742&format=png&auto=webp&s=63e540c81002d2c85f040e085969ca36266e32f4) + +And they are all in bed together. Once the TLT cant sustain anymore this market will Fall. It will effect all of the fees and all of the accounts. If the FED is going to dump all of these funds it will kill blackrock. Imagine... how fast this market would fall with no FED support... Now imagine the FED dumping the long Bond. + +It yields around 2 pct over 30 years... Inflation will be nuts in 30 years... I believe that Blackrock and the FED are both trying to keep each other alive and thats why they are so slow to raise rates.... + +Keep your eye on TLT... when that starts to fail.. the market will follow... + +**Extra thought: Blackrock is similar to Vanguard - The FED may/prob have/has big money at Vanguard - but either way - they made a Killing selling these ETF's to the FED.** + +[US Treasuries $5 TRILLION AND MBS $2.7BN](https://preview.redd.it/bvqayulelct81.png?width=786&format=png&auto=webp&s=4fae2fc2dfca7c5d312066ad06faa686724e0e0b) + +[https://www.federalreserve.gov/releases/h41/current/h41.htm](https://www.federalreserve.gov/releases/h41/current/h41.htm) + +This whole shit start in 2008 - they must have paid billions and billions and billions to Blackrock and possibly Vanguard - [https://finance.yahoo.com/quote/VGLT/history?period1=1492041600&period2=1649808000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true](https://finance.yahoo.com/quote/VGLT/history?period1=1492041600&period2=1649808000&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true) A quick look at Vangaurd - tells me they seem way less Sus than Blackrock. Just ignore the Vangaurd comment for now. + +**tldr: The FED could be Paying Blackrock up to $1.8BN in FEES each year - and BIllions since this funny money business started - It gave Blackrock unlimited money to do and buy what ever they wanted and you end up with today.** + +Does anyone remember if these fees were disclosed to us??? + +Ho Lee F\\/K + +[https:\/\/www.bcg.com\/publications\/2021\/interview-with-blackrock-ceo-larry-fink](https://preview.redd.it/306hhns84dt81.png?width=613&format=png&auto=webp&s=00059422ebb9a7a5ed9009a5876b3f9c3e3cf004) + +Citadel owns Blackrock... + +[Citadel had to sell it when GME came around... ](https://preview.redd.it/bhiirkz15dt81.png?width=1177&format=png&auto=webp&s=1e25511a20b0c0b34c4d60a8a9c4dca7cdbbe82c) + +[https://fintel.io/so/us/blk/citadel-advisors-llc](https://fintel.io/so/us/blk/citadel-advisors-llc) +I don't know about you guys, but I don't give a shit if my produce is organic or not. To me "Organic" just means "you'll pay more for it and it will go bad faster". So here's a tidbit of knowledge that I carry with me from my days working as a grocery store cashier that maybe not everyone knows: Organic produce is marked with a "9" at the beginning of its produce number. Find the sticker on the fruit or vegetable. If it's a four-digit code, it's normal. If it's a five-digit code and starts with a 9, it's organic. Don't get to checkout and realize the bunch of bananas you grabbed was actually the more expensive ones! + +Have a nice day! +As above. + +My boyfriend and I will be moving in together and he will be living paycheck to paycheck, whereas I can still save £500 after rent/bills/food/fun. + +I have suggested I pay a higher proportion as I earn more, but he wants to go 50/50. I have also agreed to pay for the majority of the food bill as he is a simple person who eats chips almost exclusively and I prefer healthy meals and trying new recipes etc (and therefore will be eating more of the food). + +He is self-employed and can pick up extra work if needed to cover emergencies etc. + +Just trying to navigate how you make it work with such a different dynamic... so if anyone is in a similar situation, I'd love to hear how you handle the difference. + +Edit: since everyone is more concerned about diet rather than finances, I just wanted to mention that a) I over exaggerated and he eats more than chips but chips/potatoes are just the main staple and b) he has IBS so he is careful to eat what doesn't irritate him and that happens to be potato. Hope everyone feels better now. +Could be an on-point valuation. + +Could be catching a fundamental error in some financial statements. + +Could be your best investment or trade idea, and how it panned out. + +Or could just be funny work stories. +I currently live in a HCOL city/state and was contemplating a move south to a lower cost of living city. While my job is 100% remote, my companies headquarters are also based out of the same HCOL city I currently live. Apparently, regardless of where you work from, you still need to pay income tax from the state your company is based out of? + +While I understand the employers point of view, that the overall cost of living may be less, is this really fair because regardless of where I move, I’ll still need to pay the high state income tax from which my employer is based out of—even if the state I move to has 0% income tax? Do I have any power here? + +Edit: To add a bit more color, I currently live in MA and contemplating a move to one of the following: North/south Carolina, Texas, Tennessee or Florida. +Please please please do not flood the sub with how upset you are if the stock still doesn’t moon. As amazing as a announcement, like the NFT marketplace, is from a business standpoint, there is no guarantee that the stock price is going to go boom boom from there. Theoretically, since there will be so much hype after an announcement like that, the stock should go up. BUT remember who is going to be on the losing end when it is moon time. They will not close their positions until they are forced to AND THEY WILL BE FORCED TO EVENTUALLY. + +Citadel can go fuck themselves. + +Gamecock go brrrr. + +Edit: I’d like to take this time to point out that Shitadel hasn’t tweeted since their hissy fit at the end of September 😂😂😂 + +Edit: Point72 and Melvin can also go fuck themselves. Thanks /u/gotaHodlonme +PTO was approved, and I spent the day at home watching my kid due to lack of available childcare that day. Now, I am being told that I can't use it because it would bring my hours for the week to over 32. +There doesn’t seem to be too much commentary on the direction your property faces as a factor or consideration when discussing the dealbreakers and must-haves when looking for a new home. + +I'm currently looking for my first apartment, I’ve noticed especially with the new buildings, these are largely single aspect facing whereas the older 60s’ buildings have multiple aspects (another con of buying in a new building but that’s a whole other conversation). Those with single aspects, do you get enough light? + +For wellbeing reasons, it is a dealbreaker for me and one of the first things I look at when I see a floor plan. I have my eye on an apartment that faces North-West, does anyone have experience with this aspect? + +Also, while facing west gets a bad rap, I wouldn’t mind this as a secondary aspect if it’s not the main area i.e living space as I’d rather afternoon light than no light at all. + +Would love to hear the thoughts on how important aspect is to everyone else and whether you regret getting a single aspect apartment and/or not prioritising natural light when purchasing? +There doesn’t seem to be too much commentary on the direction your property faces as a factor or consideration when discussing the dealbreakers and must-haves when looking for a new home. + +I'm currently looking for my first apartment, I’ve noticed especially with the new buildings, these are largely single aspect facing whereas the older 60s’ buildings have multiple aspects (another con of buying in a new building but that’s a whole other conversation). Those with single aspects, do you get enough light? + +For wellbeing reasons, it is a dealbreaker for me and one of the first things I look at when I see a floor plan. I have my eye on an apartment that faces North-West, does anyone have experience with this aspect? + +Also, while facing west gets a bad rap, I wouldn’t mind this as a secondary aspect if it’s not the main area i.e living space as I’d rather afternoon light than no light at all. + +Would love to hear the thoughts on how important aspect is to everyone else and whether you regret getting a single aspect apartment and/or not prioritising natural light when purchasing? +Having some initial thoughts around dipping my toes in VC as a very small LP in a few relatively well-known funds. Wanted to see if anyone here had any experience, thoughts, etc. +Yo so the title pretty much tells the story lol but my broker called, (for the first time mind you,) to ensure I diversify my portfolio. I declined and instead said I have diversified my broker's on the same stock lol + +The man was quick to tell me to take what you all say with a grain of salt, to which I said I'm a big boy and to mind his business! + +This makes me hella bullish! They didn't call me in January nor did they call in March or June lol biiig things coming! + +Obligatory 🚀🌙🇦🇺🦍 + +Edit: stock pushed was "robindahood" various crypto and to copy "professional" investors. I said it's funny how insiders of the thieving button breakers dump shitloads at IPO and it skyrockets....? + +Edit 2: broker is etoro.. also shiiiit never thought id get traction like this, happy ape! Thanks for awards and updoots xox +Hi all, wanted to get the views of the community on why the Nifty keeps going up despite earnings not keeping pace? I make this inference basis the Nifty 50 PE ratio which has seen a steady climb over the the past couple of months. The PE ratio is now in the range of 34. It is the highest I have seen in the past couple of years. + +Wanted to understand from the community on what value are investors seeing in buying equity at such high premiums?(high pe ratios) Is this an issue of suppressed earnings because of COVID or something else is promoting this Bull run? + +I wanted to understand if i am missing something. +Pattabiraman (as /u/freefincal) has started /r/freefincal_user_forum Currently it has a list of the articles that appear in freefincal. A handful of threads have a few comments so far. I sense that many people in this sub read freefincal - you may want to check out that specific sub. +And can take several weeks to expire. A 5lb bag can last you a week, and is often less than $3. + +Heres 63 different ways to cook them. +https://youtu.be/hc3TEaT3WHA +I don't know if this is the question I want to ask, but I'm gonna roll with it and try to explain what I'm getting at. + +In the modern economy, for the most part, the goal of any business is to generate a profit. Some care about profit maximization more than others. My perception is that, at least in some industries, profit maximization has led to negative effects on the consumer/society. News organizations prioritize sensationalism and spin because it gets them more clicks or views. Tech companies have been making their products with planned obsolescence in mind and making them near-impossible to repair, leading to an increase in electronic waste and forcing customers to buy new products cyclically, because that makes more profit than building a product that will last. Fast fashion companies churn out disposable clothing produced in sweatshops with no regard for their impact on the environment because, again, it's more profitable. + +I can accept that regulation is necessary to curb these negative effects. And I don't have a problem with profit as a general rule; if a bakery makes a cake with $0.25 worth of ingredients and sells it for $5, I don't think that's necessarily a bad or immoral thing. However, I hesitate to "endorse" profit because it's clear that profit maximization can be detrimental to society in at least some important circumstances. + +Rather than get into a moral or ethical debate about whether profit is "good" or "bad," I want to know what economists generally think of it. Does the profit motive lead to a more efficient allocation of resources, on-balance? In what contexts does it work? When is it inappropriate? What function does it serve in the economy? Are the examples I listed profit maximization or something else? Am I missing something important here? +Hey guys, + +I’ve been really interested in value investing for about a year or so and spent quite some time on it. What I’ve been wondering for quite some while now is why the value investing community’s consensus for valuation seems to be on a 10yr DCF analysis with terminal multiple. + +There are enough other valuation models to pick from and also the 10 years seem awkwardly convenient for my. I mean: why is it not 8.763 years? Did somebody backtest this and arrive at the conclusion that 10yr DCF is close enough? + +The strange thing to me is just why 10 years of future discounted cash flows added to discounted terminal multiple will return an approximation that’s good enough for about all value stocks - and each and every value investing channel on YT - the good and the bad ones. It just seems to convenient. Most people will get the math behind DCF and it’s very easy to understand from a conceptual perspective. + +I can’t find any info on that on Google, but maybe some of you guys have an idea. It just seems to me like DCF existed first and then the stock market was created to adhere to these valuations… ;) + +Thanks! +if a post is informative and presents good information then by all means upvote it please. + +If you see reposts of old bad information please downvote them. + +We are being flooded with posts that repeat the same discredited headlines from 5 days ago. + +update +so far there are 209 downvoting shills who dont even want you to vote on stories on r/bitcoin +489 points (76% like it) +698 upvotes 209 downvotes + +Second update + +as of now there are over 1450 downvoting shill bots who don't want you to see this message! +Imagine that! Over 1450 downvotes who don't want you to not let small groups influence this subreddit! + + +So I'm learning forex :) Did some analysis. Logged in expecting to see either a big gain or a small loss but saw neither. Instead I'm about $100 up (which for my practice $100k account, that's about 0.1%). + +My question at this stage is, do I: (1) move my stop loss so that I don't lose any money in the worst case scenario or (2) do I keep everything as is and wait for it to do what I was hoping for? + +To provide a bit more context, it went up from being below my MA's to hitting what was a support level in the past but now it's looking like a resistance level. +When I went to high school there was no education on economy, let alone classes on how the stock market operates. Instead I learned the basics of economy when I went to college. I know teens don't have much money to invest and it's not even legal to invest at their age but teaching the importance of saving money and basics of compound interest would be beyond beneficial at their age. + +Instead of nonsense classes like jrotc or French(which is completely useless for a teen), high schools across the world should be teaching the basics of economy. If there was economy or a market class back when I went to high school, I would of invested at an earlier age rather than waiting later in life. +Let’s see how the current environment looks like. + +&#x200B; + +Here are **some uncertainties** that govern investors’ reactions over the past 50 days: + +* Nobody knows how long will the pandemic last. Obviously, the longer the worse and there is no indication of slowing down. +* Nobody knows if people who get sick will have immunity over the next potential virus wave. +* Nobody knows how the transition period back to normal economic activity will be achieved and how long it will take. +* Nobody can estimate the real economic damage to the backbone of the economy → SMEs +* Nobody can estimate the second derivative of the sell-off effects, i.e. what will happen with the fallen angels and lack of liquidity. + +&#x200B; + +**A few facts about the virus:** + +* Death rate varies between 0.5% – 7%, depending on population age, ICU coverage and extent of population testing. +* Most of the patients do not present symptoms for many days, which makes the virus extremely effective in spreading. +* No vaccine is expected before the next 12–16 months. + +&#x200B; + +**Now, a few economic facts and hard data:** + +* Almost 50% of US corporate debt is BBB rated now and with most of the world’s population being under lock-down, it is no rocket science that big part of them will fall below investment grade. +* Almost 3.3M Americans filed for jobless claims last week. This is 5x the previous record of 1982. +* The Fed’s balance sheet just exceeded $5 trillion for the first time. +* Markets are deep into bear market territories. + +&#x200B; + +**The Covid-19 effect:** + +Now, it is important to clarify that Coronavirus will not disappear overnight. It will be a long and gradual process lasting 3–6 months. I am afraid the worse is yet to come for markets across the world. The detrimental effects in the real economy are becoming more obvious day by day and translated into spikes in unemployment, mortgage payment delays, lack of liquidity and financing for SMEs, cuts in Capex and supplies, and lastly corporate and personal defaults. This is a self-feeding loop probably leading to what economists describe as secular stagnation. + +The Central Banks were not ready to face such a crisis. Rates were extremely low already and their balance sheets were already loaded with a lot of public and corporate debt. Another stimulus plan may be the only solution now, but it is not sustainable in the long run. + +My opinion is that markets will remain into bearish territory for many months after the “end of Covid-19”. + +&#x200B; + +**What can ordinary investors do to prepare?** + +1. **You cannot time the market**. You never could and definitely cannot start now. So, instead of guessing whether stock markets are going to rise or fall further after Covid-19, adopt a longer horizon. Get some exposure in the stock market but do it for the long run. There is no point to pick the best mutual fund, as most of them underperform the markets. Go for a cheap ETF. Robinhood or Vanguard will probably do for most jurisdictions. +2. **Normal diversifiers** like corporate bonds are always necessary for an all-weather portfolio. However, keep in mind that in every liquidity crunch most of the risky assets move together and move downwards. +3. **Safe havens**, like government bonds (US, Germany, UK) still have their place in your portfolio. +4. **Look for market-neutral alternatives**. This can be alternative types of exposure, investment styles, methods, etc. Look for market-neutral assets and funds. At the toughest periods, the market-neutral investments will keep your portfolio beating. It is true that market-neutral exposure is not the easiest thing to achieve as an ordinary investor, but there are a few apps that try to achieve that. I find Daedalus Investment Platform interesting, but I am sure there will be others as well for jurisdictions not covered. +5. **Keep some cash**. Not only as a safe haven but to also exploit opportunities when you identify them. + +&#x200B; + +**Summary**: These are hard times for the markets and events that are unprecedented for our generation. It is and will be tough, but the best we can do is be prepared both for the virus (social distancing & healthy routine) and for our long-run financial plan. +I've argued with Marxists and they'll say central planning is good because when Amazon needs to allocate goods somewhere, they aren't really participating with a market. They centrally plan for where certain goods to go. I've seen the same claim made about the military. The military "centrally plans" where tanks/food/etc go via central planning + +Can you debunk this argument? +This is something that's confused me for a while. As best I can tell there is, at minimum, a sizeable portion of the female population that would buy clothing with pockets if they were easily available, no sizeable portion that would intentionally avoid them, and no significant expense to adding them. Why hasn't simple supply-and-demand made pockets for women the standard? +I dont even know if it has a name or if this is the right place to ask, but Im writing a paper on small towns that rely on big business if that makes sense, and it would be easier to do research if I knew exactly what to look for. To try and give an example: everyone in the town works in a factory for one central purpose and if that factory were to close down, many would be unemployed. Thanks! + +Btw. I know next to nothing about economics, so if someone wants to talk about this more, it would be greatly appreciated! +So I know there are periods of growth and a recession every 7 to 10 years give or take. But my question applies to the longer time frame. Can modern economies continue to grow at the rates we've seen forever, or will increases eventually start to taper off? If they're expected to taper off, what implications does this have for say retirement plans because they rely on long term economic growth? I know this would probably be like centuries down the line but it's just an idea I thought was interesting. +Encountered this in Varian's undergraduate micro textbook. The answer is true but he didn't give further explanation other than, "it just can't cross another distinct indifference curve". +We've all heard inflation, inflation, inflation for the last two years. + + +Why are gold and silver prices relatively flat since then? + + +Silver spot price for example has been fluctuating between 24 and 28 for the last two years with absolutely no upward trend. + + +How/why is it not slowly valuating with inflation? Isn't this econ 101 stuff? + + +Thanks for reading. +I just recently graduated college with a salary of 70k starting. Luckily, I was able to build experience in the field that I work to get a starting salary that high. + +I have no debt under my name, no auto loans, credit card debt or anything. I want brutally honest truth on how I can save 100k in roughly 3-4 years. I get to strictly budget and save, but I am still new to investing and I already plan to contribute to my employers 401k with a 5% match. What would be the best piece if advice you could give? I just finished paying off tuition costs, so I only have about $1,000 in my savings, in which I am hoping to grow that to 100k 3-4 years from now. + +Any guidance would be appreciated ! + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT: Thanks for the help everyone, I have came across very solid advice! +I’m currently a 3rd year(final year) physics undergrad in Cambridge university- gonna pursue a 1 year masters next year- and one of my friends had an internship at (a place like de shaw, Jane street, etc.) last year that paid a lot of money. Honestly, the prospect of doing that is a lot more enticing than going into academia and making 30k a year. + +What do I have to do to secure an internship at one of these places? I am not skilled at programming at all, the extent of my knowledge is cs50x Harvard course and a couple matlab and c++ courses in my university. What should I do to become a competitive candidate and where should I apply? +My girlfriend and I bought a used 2008 BMW 328i in August. The financed amount was $8,000. Before we signed, I had the dealership run codes to ensure that everything was okay internally. We got the car fax, and the car only had one owner who put on 76,000 miles on the car. I just accepted a management position in a town about 55 miles from my house, and I was driving a Dodge Durango before I took that position. My Durango cost me about $120 a week in gas. It was killing me. I estimated that the BMW would cost around $50 a week. With all things considered, we thought we were getting a great deal, and would end up saving money in the long run. The operative word is THOUGHT. Full disclosure, I do not know anything about cars mechanically. I am totally ignorant to them. + +One week after driving off the lot with my new car, it began to idle incredibly rough and my service engine light came on. The RPMs would shoot up and down at red lights, it would struggle to gain power when accelerating on the interstate, and the engine made concerning sounds. + +I took it back to the dealer the same day the symptoms started and expressed my frustration. They referred me to a mechanic shop that they use almost solely and that would give me a “great deal” if I mention Paul’s Auto. + +I get to the mechanic shop and they run the codes. Turns out my first coil went out. The mechanic quoted me at $85 per coil, and said if you replace one you must replace all six. He said he would also need to replace all six spark plugs at $9 each; totaling $564 in parts alone. He then went on to say that with my particular engine it would take hours (around 3) to just get to the coils, an additional 2 hours to replace them, and then about 2 hours to put it all back together, totaling 7 to 8 labor hours at $55 per hour. He gave me an even quote of $1,000. I guess he took off $4 out of the kindness of his heart... + +The amount of stress this caused me was through the roof. I live paycheck to paycheck currently, and there was just absolutely no way I could pay that. I left feeling super dejected in my sputtering car. + +I’m not going to lie, my anxiety about the amount of money it would take to fix my car made me freeze. I tried to ignore my car’s issues. Admittedly, I allowed myself to drive that car with at least the first coil being bad for about 3,000 miles. PLEASE DONT LET YOUR ANXIETY TURN A FEW HUNDRED DOLLAR PROBLEM INTO A FEW THOUSAND DOLLAR PROBLEM. + +I decided that I needed to bite the bullet and take care of my car before it completely stopped working. The sputtering got worse and more violent. I began to do research. I read and watched YouTube videos. Again, I’m not mechanically inclined. As bad as this may sound, I’ve never even changed my own oil. Turns out, the mechanic was completely full of it. Surprise... Surprise. + +I called autozone after I did my research and decided that I was going to fix it myself! They quoted me at $260 for a coil pack of 6 with a lifetime warranty. I looked on amazon and found a similar brand with the same lifetime warranty for $160. I asked if they would be willing to price match, and they did! They price match anything from amazon, as long as the warranties match. +I also bought 6 higher end spark plugs from them for $5 a piece, as they again price matched for me. + +Overall, I spent $190 on the parts. I followed the videos step by step, and I am proud to say that I fixed my car. It has never performed better and has never been so smooth. I got the codes read out again and there is nothing wrong with it. I did everything right. It only took me about two hours from start to finish. The mechanic quoted me at 7 to 8 for a professional. Needless to say, I am writing a review about their business practices to warn others. + +I could not be more proud of myself. I foolishly almost allowed a small financial hiccup to turn into a full on financial disaster due to anxiety and ignorance. I even was able to convince my 11 year old son to help me and we bonded tremendously during the fix. I cannot describe how great I feel about myself and how this all turned out. + +**TL;DR: **Coil pack went out in my new but used car. Mechanic quoted me at $1,000 to fix it. After I got my anxiety fixed, I did my research and purchased the parts for $190 (6 coils; 6 spark plugs) as autozone price matches amazon if the warranties match. Without ever even so much as changing my own oil, I Fixed it in two hours while bonding with my 11 year old son and I couldn’t be more proud. I’m thankful that a few hundred dollar problem did not turn into a few thousand dollar problem. + + + + + + + +**\*Obligatory - I am not a financial advisor and do not provide financial advice. This post should not be construed as financial advice.** + +[u/PublicServantN1](https://www.reddit.com/u/PublicServantN1/) sent me a link to this comment which was submitted to the SEC by B. Thomas on 2/10/22 for proposed rule, NSCC-2021-10. The reddit user account is brand new so I was a bit skeptical, but reviewing the comment and reading the rule language, this rule comment makes sense to me. Thank you for sending it to me, kind stranger. + +**TL;DR** My interpretation of the comment is this; Securities Finance Transactions (SFTs) will be used to obscure abusive short selling with this rule. + +I am going to copy/paste the comment. Links to the information, including how to submit your own comment will be at the bottom of the post (don't dox yourself if you're going to comment). All investors should review this information for themselves to come to their own conclusions. + +# B. Thomas NSCC-2021-10 Proposed Rule Comment + +Proposed rule change SR-NSCC-2021-010 should be disapproved under Section 19(b)(2) of the Exchange Act. + +Proposed rule change SR-NSCC-2021-010 fails to accurately fulfill the requirements of Title VIII of the Dodd- Frank Wall Street Reform and Consumer Protection Act Sections 806(e)(1)(C)(i),806(e)(1)(C)(ii), and 806(e)(1)(D). + +SR-NSCC-2021-010 Section I omits the purpose of the proposed rule change. The language from Section I, is repeated under Section II(A)(1) titled: purpose. Items (i), (ii), (iii), and (iv) in the referenced section are inaccurately represented as the purpose of the rule change. Rather, these are the privileges that will be granted to the NSCC and NSCC Members as a result of the proposed rule change. The purpose of the rule change should be described as the reason(s) that the listed privileges have been proposed and the equally distributed benefit that all market participants would gain from implementation of the rule change. However this benchmark is not achieved in the contents of the proposed rule change. It is shown that any perceived benefits are disproportionally received by select elite entities, as described herein. It is shown that the purpose is to obscure negligent risk behavior of NSCC members, and potentially even further facilitate this behavior. + +Section II(A)(1)(i) paragraph 2 sentence 1, SFTs largely do not involve the owner of securities.The lender of the securities may have the rights from the owner of the securities to lend the securities, but the lender is not typically the owner. This introduces an additional level of risk that is omitted from SR-NSCC-2021-010. In the case that the lender has legal rights to lend the securities but does not own them, the lender takes no risk in the risk-situation that they have just facilitated, the risk-situations NSCC describes in the rule change, as commented on herein. The lender has directly contributed to devaluing their customer’s asset by lending it to short sellers.The lender takes no responsibility in considering the level of risk being that the lender has nothing to lose, yet market risk is introduced twofold: 1) The lender has contributed to devaluing a customer’s portfolio, which is most likely leveraged on margin as this is common practice and therefore creates customer risk, and potentially greater market risk depending on the size of the customer 2) The lender has created an SFT in which they have no stake in the underlying investment, and are therefore detached from the SFT as an investor. In a true SFT the lender-owner believes that they will make more money from the interest of the SFT to offset any potential devaluation of the underlying from short selling, while the borrower believes the opposite. The lender-owner would not offer a SFT if it is believed that the depreciation of the asset through short selling would be greater than the interest from the SFT. In a detached SFT,this consideration is not made, the detached-lender’s only consideration is that they will receive interest on the loan. This creates a prime environment for abusive short selling, where lenders enabling the short selling take no risk and make no consideration to the risk that they are creating. + +Section II(A)(1)(i) paragraph 2 sentence 4, SFTs are only needed to provide liquidity if Market Makers have failed to operate as required. SFTs should not be justified in the name of market liquidity. SFTs should not be used to make DELIVERY on short-sales, and thereby avoid FTDs. SFTs should be used to ENTER a short sale if the short seller does not own the security(however, this itself presents risk to the market, the only way to adequately manage that risk is to require that the short-seller actually own the security. The counter-argument that, the short-seller is speculating that the security value will decrease and should not need to own the security as an investment, is not a valid rebuttal. Short-selling should be exactly as that statement indicates,which is a speculation that the value of the security will decrease to some extent. The rebuttal defends what all short selling has become today, which is abusive short selling that manipulates the value of a security to be devalued to worthless through trading techniques in no relation to the fundamentals of the security itself. It is seen that the investor would not want to own the security when practicing abusive short selling, and unnaturally creating massive market risk.This point is beyond the scope of this comment response). If SFTs are used to deliver short-sales,that means that the initial short-sale was already a naked-short, which violates SEC REG SHO.Before even entering the description of the proposed rule change, NSCC has confirmed knowledge of market corruption, securities law violations, and market manipulation. The proposed rule change would shield, and possibly further enable, these activities. + +# Capital Efficiency Opportunities + +Section II(A)(1)(i) paragraph 3 sentence 1, NSCC believes that Basel III capital and leverage requirements enacted to protect the market, hinder NSCC Members from entering SFTs. NSCC highlights the inherent risk any SFTs have on the market, by explaining that SFTs require higher capital and lower leverage requirements than normal trading. + +Section II(A)(1)(i) paragraph 3 sentence 1, NSCC believes that Basel III capital and leverage requirements enacted to protect the market, hinder NSCC Members from entering SFTs. NSCC highlights the inherent risk any SFTs have on the market, by explaining that SFTs require higher capital and lower leverage requirements than normal trading. + +Section II(A)(1)(i) paragraph 3 sentence 2, NSCC believes that the rule change will further increase the ability of NSCC Members to enter SFTs. This indicates that the rule change will make the inherent risks SFTs have on the market more prominent, through increasing SFT availability and accessibility. + +Section II(A)(1)(i) paragraph 4 sentence 4, NSCC indicates that the proposed netted balance sheet method helps NSCC Members to reduce the amount of regulatory capital required by regulatory capital requirements. This indicates that the rule change will increase the risk that NSCC Members exert of the overall market, by lowering the capital requirements to make lofty bets. + +Section II(A)(1)(i) paragraph 5 ALL, NSCC continues their profound obsession to maximize the risk in financial markets by facilitating ways for their Members to dodge regulatory capital requirements. There is no reason a securities regulation should be proposed to absolve any select participants from established capital requirements that are used to mitigate risk, other than to facilitate market corruption. These participants are the ones involved in creating the greatest market risk in the first place. + +# Fire Sale Risk Mitigation + +Section II(A)(1)(i) paragraph 10 and 11, NSCC elaborates how their Members already utilize SFTs and create great market risk. If the borrower defaults, there is a potential fire sale scenario where all owners of affected securities suffer loss. The rule change will increase the availability of SFTs to NSCC Members, even though SFTs are already a significant contributor to the underlying reason of Member defaults. This indicates that the rule change will potentially increase the level of negligent risk behavior of NSCC Members. + +Section II(A)(1)(i) paragraph 12, NSCC explains that in the event of a NSCC Member default,the NSCC will only liquidate the Net positions, and not the Gross positions of the participant.The justification is that less positions will be closed, and therefore less price impact inflicted to the affected securities. NSCC indicates that NSCC Members take such negligent risks, on such a high volume of securities, that action must be taken so that in the event of a default, the market impact is minimized. The rule change indicates no proposal to prevent the negligent risk ofMembers. Instead, the rule proposes to protect the negligent NSCC Member activity by making sure that the Member does not go bankrupt in the event of default, and has a high change to recover. Meaning, the defaulting Member will re-emerge in the market to perpetuate their negligent risk behavior. The proposed rule directly stimulates increased risk behavior by minimizing the downside to the risk-taker. In the event of a Member default, the defaulter should in no case be protected from full default, and great effort should be made to maintain the investments of unaffiliated parties of the defaulter. Per NSCC requirements, NSCC and remaining Members are responsible for the open portfolio positions of the defaulting Member.The only reason for a fire sale as a result of liquidation of the Member’s positions would be directly from NSCC’s actions to close the positions haphazardly. The rule not only further facilitates NSCC Member negligence, but it also facilitates the negligence of the NSCC itself.The rule enables the NSCC to limit their own loss as a result of Member negligence, which removes responsibility and accountability from the NSCC as an SRO to ensure that NSCC Members are following securities laws and not engaging in high risk behavior. + +# Liquidity Drain Risk Mitigation + +Section II(A)(1)(i) paragraph 13, generally the paragraph does not warrant comment, it only re-describes that NSCC Members overextend their positions and create high risk situations, which can have far reaching impact beyond the Member itself and cause market wide downturn.Section II(A)(1)(i) paragraph 13 sentence 4, if a borrower needs to re-borrow a security to deliver it to a counter party, that means that the said borrower did not own the security or have the security borrowed for the short sale. This is naked shorting and is illegal under SEC REG SHO. Illegal naked shorting activity has been referenced again in the rule proposal, and glossed over as normal market activity. + +The remainder of the proposed rule change only provides the details of the system NSCC would like to implement to further perpetuate illegal, negligent, high-risk behavior of its Members. As described up to this point, there is significant reason to disapprove this rule change. The proposal itself should be replaced with a new NSCC rule change proposal as to how NSCC will reduce the vast market risk imposed by NSCC Members, to possibly include considerations such as: increase capital requirements, NSCC defaulting Member portfolio unwinding procedures, NSCC obligations to make market participants whole from negligent NSCC Member actions, etc. + +Note, this comment has been refiled under SR-NSCC-2021-010 comment section, from originalSR-NSCC-2021-803 submission on 2/9/22, and has been minorly revised for clarity. + +**End of Comment** + +Here are supporting links to help you review this information for yourself: + +[SEC Rule Filings for NSCC-2021-10](https://www.sec.gov/rules/sro/nscc/nsccarchive/nsccarchive2021.htm#SR-NSCC-2021-010) (You can submit comments to the rule on this page as well by clicking the "submit comments" link. Comment period is reopened) + +[Comment Page for Proposed NSCC-2021-10 (including the above comment by B. Thomas)](https://www.sec.gov/comments/sr-nscc-2021-010/srnscc2021010.htm) + +[DTCC Learning Center: Securities Financing (SFT) Clearing](https://dtcclearning.com/products-and-services/equities-clearing/sft-clearing.html) + +[u/JustBeingPunny](https://www.reddit.com/u/JustBeingPunny/) originally called out this SFT system as "another way to f\*ck retail" about 2 months ago [here](https://www.reddit.com/r/Superstonk/comments/r3pjfx/the_nscc_are_trying_to_set_up_the_securities/?utm_source=share&utm_medium=web2x&context=3). + +EDIT 1: Whole bunch of formatting issues popped up +**Is it just about the money or does it go deeper than that?** + +When I first started I saw trading as a means to an end and thought it would be a quick (ha!) way to get from where I was to where I wanted to be financially. While the pursuit of money (for financial independence) is still my **#1** driving factor, I've uncovered so many more reasons to trade over the past few years. + +**#2 Competition:** I've always been a competitive person and moreso with myself than with others. Trading is a very meritocratic endeavor - the best make a ton of money and the majority don't make much, if any. Progress isn't perfectly linear but accumulation of knowledge can be. I've found it rewarding to learn or observe something new, even if it is small, every single day. No matter how much I learn there will always be many more areas to explore - no reason to ever grow bored! + +**#3 Fear of Failure:** I firmly believe that free enterprise is the greatest wealth generation machine man has ever known. Investing in stocks has been the surest path to wealth for the past century+ and I don't anticipate that ever changing because businesses are productive and value-producing. I have ambitious personal financial goals of which I am afraid of falling short. This fear has been a distinctly powerful motivator for me. + +**#4 Humility + Other Traits:** The many times I've been steamrolled in the markets have taught me more about humility than any other experience I've had thus far in life. In addition to humility, trading has refined my focus, discipline, and gratitude - it's made me a kinder, and less reactive person. Making and losing large sums of money in short periods of time has a potent ability to age people. This either breaks people or makes them stronger. Overall I believe that trading has hardened my character and continues to take me towards the personality traits I most want to emulate. + +&#x200B; + +**So those are my four main reasons for trading! Why do YOU trade?** + +&#x200B; + +*A video I recorded that provides some context as to why these four reasons are particularly important to me:* [https://youtu.be/FN1bmz16uO8](https://youtu.be/FN1bmz16uO8) +any advice would be great really, so here is my situation, i started trading live like 3 months ago and I have been in a great streak, i have just lost money even though I did back testing on my strategy and used it on a demo for more than 3 months. I'm getting really frustrated and i feel like i can't do trading any more, I'm a bit worried that if I keep going i could simply enter into a depression state. + +i have los lt a lot of money since I was 17 cuz is when i started, a few years back i started to getting it but now I feel like a piece of shit honestly. I'm 24 right and idk if I took the right decision. + +if I should stop, for how long should I? + + i could be explain more of my situation but i don't want to bother with too much text. thanks in advance for any help! +**Is it just about the money or does it go deeper than that?** + +When I first started I saw trading as a means to an end and thought it would be a quick (ha!) way to get from where I was to where I wanted to be financially. While the pursuit of money (for financial independence) is still my **#1** driving factor, I've uncovered so many more reasons to trade over the past few years. + +**#2 Competition:** I've always been a competitive person and moreso with myself than with others. Trading is a very meritocratic endeavor - the best make a ton of money and the majority don't make much, if any. Progress isn't perfectly linear but accumulation of knowledge can be. I've found it rewarding to learn or observe something new, even if it is small, every single day. No matter how much I learn there will always be many more areas to explore - no reason to ever grow bored! + +**#3 Fear of Failure:** I firmly believe that free enterprise is the greatest wealth generation machine man has ever known. Investing in stocks has been the surest path to wealth for the past century+ and I don't anticipate that ever changing because businesses are productive and value-producing. I have ambitious personal financial goals of which I am afraid of falling short. This fear has been a distinctly powerful motivator for me. + +**#4 Humility + Other Traits:** The many times I've been steamrolled in the markets have taught me more about humility than any other experience I've had thus far in life. In addition to humility, trading has refined my focus, discipline, and gratitude - it's made me a kinder, and less reactive person. Making and losing large sums of money in short periods of time has a potent ability to age people. This either breaks people or makes them stronger. Overall I believe that trading has hardened my character and continues to take me towards the personality traits I most want to emulate. + +&#x200B; + +**So those are my four main reasons for trading! Why do YOU trade?** + +&#x200B; + +*A video I recorded that provides some context as to why these four reasons are particularly important to me:* [https://youtu.be/FN1bmz16uO8](https://youtu.be/FN1bmz16uO8) +Hey guys, I’ve been watching a lot of videos lately and done research, and google says, that most candle stick pattern need a couple to a few days to form . +Also the guy in the Video explained everything really well and I understood everything until I realised that his timeframe was over a few of days or even couple weeks. +I was like great..But what if I want to day trade? +I know indicators help you out as well, but I just wrote down all those patterns only to realise that they’ll only benefit me in swing trading...? +Am i missing something? +Hi, I’m currently doing 45-50% of my income into index funds (combined via a mega backdoor Roth and also my regular 401k), but on a whim I’m wondering if I should be looking into real estate investing instead for better returns or cash flow? I’d only want to do buy and hold (probably at a distance) rather than managing people for flipping, but I frankly don’t know much beyond that. + +Curious your thoughts +*Edit again - wow, I can't believe the response I got here. While I'm feeling more indecisive than ever, there's so much great food for thought here. Thank you everyone who replied! + +*EDIT - Oh damn, my first silver. Cool! 😆 + +Hi all, + +I've been going back and forth trying to decide what I should do with my house. I purchased it 3 years ago come August, and l lived there for about two and a half years before I moved out recently when purchasing my current house. I am not new to real estate investing - including this house in question, I have 5 rental properties. + + +SELL: + +If I sell the house, I expect I can get at least 230k for it. I purchased it in August 2018 for 173k. I currently owe 157k on it. After closing costs, and some light freshening up pre-listing, I expect to net at least 60k from the sale (I'm a real estate agent and thus will save money on the listing side since I won't have to pay a listing commission). Since I lived there for over two years, I should also be exempt from capital gains tax, which is a huge part of why I'm leaning towards selling right now. + + +RENT: + +If I continue to hold onto the house, I can rent it for about $1,395/mo. My mortgage is $942/mo. After expenses, it cash flows $200~/mo. While that's not terrible, it's quite a bit less than my other investment properties. Where this house has made up for not having the best cash flow is in appreciation. It's in a great location with good schools, near a respected university, overall a very desirable part of town. I expect it to continue to appreciate strongly, assuming we don't see a big market crash or anything. + + +If I sell the house, my plan would be to reinvest half of the cash into some renovations to two of my other rental properties which will result in increased rents/cash flow, and the other half I would use to convert the first floor of my garage at my primary residence into a studio apartment. I would then rent the apartment through Airbnb, or as a furnished monthly rental if Airbnb doesn't work out. I expect the conversion to cost about $30k, and I expect to make at minimum $800/mo from the apartment. + + +At this point, I've been leaning towards selling, because it would place me in a comfortable position to really inflate my cash flow and overall put me in a more secure/less risky position. That being said, the city I'm in is growing fairly rapidly, and again, the house is in a very desirable part of town that I expect to continue appreciating strongly. + +I guess I'm just looking to get some thoughts/advice from other investors. Does it make sense to get rid of one property to increase the cash flow on others, and gain an ADU in it's place? Or should I hold onto this house? Help me out, Reddit! +I'm supposed to believe the guy that made his fortune delighting customers AND their beloved pets, while also beating Amazon in it's share of the market is suddenly a bad guy? Like, outta nowhere, this guy is popping up in the media like he's some kind of financial terrorist?? + +All I've seen him do is chair the board at GameStop. Fucking GameStop! Now I'm supposed to hate this guy because the media decides to plaster his name and face all over the place? Tie him to the suicide death of a CFO from a company he had recent business and investment in, in just about the most disingenuous way? This doesn't jive, something's not right here. This feels like 2017 all over again. Why is the media going bonkers over Ryan Cohen?? + +The commercial media is being sus as fuck here, attacking an individual for what he chooses to do with his time and money while completely ignoring other major factors. + +Commercial media hates American citizens. +Commercial media is the enemy of American citizens. + +I know this reads as if I'm someone not privy to the fuckery the corporate/commercial media is willingly engaging in, but perhaps this perspective will resonate with those that are not and happen upon this sub and this post. + +Fascist corporate/commercial media is the enemy of the American citizen and must be recognized and treated as such. I don't believe it's enough to simply ignore them, too many are too easily influenced by their shallow propaganda and one shot headlines. I will speak of Ryan Cohen and this entire situation until I'm blue in the face to ensure people at least have the other perspective to consider. I encourage others to do the same, though I doubt that message is even necessary. +“I trade Forex because ___________” + +I’ll go first, + +I trade forex because I want F**k you money, and be chillin on the beach with my Batman shorts baked af, not working a 9-5 job for the rest of my life. +“I trade Forex because ___________” + +I’ll go first, + +I trade forex because I want F**k you money, and be chillin on the beach with my Batman shorts baked af, not working a 9-5 job for the rest of my life. +I initiated a rollover of my 401k account from an old employer to my current self managed IRA accounts. ADP sent me two checks, one with Roth contributions and the other with Traditional contributions. On Dec 14, I brought the checks to a different branch than I usually go to due to my local one having no bankers available due to Covid. + +The banker at the branch filled out transfer forms for both checks. One was to go to my Roth IRA and the other to my Traditional IRA. I have copies of the transfer forms (with correct account numbers) and copies of the deposit receipts (with the correct last 4 of the account numbers). However, only the Roth funds were deposited. + +I've tried calling the branch but they tell me all their bankers are busy and that they will call back when they can, but they never do. If they put me on hold, I get disconnected within a couple minutes. And if I try calling back, they won't answer. + +I've called other nearby branches to explain the situation and they've been friendly and somewhat helpful, but they told me they contacted the branch and couldn't get an answer for what happened. Their best guess was that a teller typed in a wrong number when making the deposit, and that I'd have to contact them to figure out how to fix it. I've called Chase customer service and they told me the same thing and that they see no pending transactions for the account the money was supposed to go to. My 401k account is zeroed out though. + +The problem branch is 40 minutes and a toll bridge away. I'm working 7 days week, so I would also need to take time off and lose money to go. Its just a headache and the lack of transparency makes me think I would waste my time by showing up. + +Who do I complain to for the quickest turnaround? Chase corporate? FDIC? +https://np.reddit.com/r/btc/comments/7jg265/1000000_bitcoin_cash_wallets_have_now_been/dr6qf17/ + +I'm sorry Roger, but your forked altcoin is not Bitcoin and never will be. If Bitcoin was not an open source platform you would be up to your eyeballs in copyright infringements. Your lack of ethics for own personal gain is astounding. +>On Aug. 30, the state’s Senate Appropriations Committee cleared [Assembly Bill 5](https://legiscan.com/CA/text/AB5/id/2050952), moving it a crucial step closer to becoming state law. It is now widely expected the bill, known as AB5, will pass a full Senate vote before the legislative session ends Sept. 13 and be signed by governor Gavin Newsom. The bill would likely force many gig companies to reclassify their independent contractors as employees, pulling the very foundation of the gig economy out from under it. + +Well posted this and gained zero traction in /r/stocks wondering if I can get some better input here. I don't feel like Uber Lyft and Grubhub stock priced in this being legislated into law yet. + +[https://qz.com/1703897/californias-ab5-will-rewrite-the-rules-of-the-gig-economy/](https://qz.com/1703897/californias-ab5-will-rewrite-the-rules-of-the-gig-economy/) + +[How exposed are gig companies to AB5?](https://www.theatlas.com/charts/OffkCowSV) +Just hit 1$ a day - $378/year on dividends. +Truth be told I wasn't aiming for dividend income. +They just fit what I call my "grampa" portfolio. +Super excited. +If you order for drive up and go (pick up) on safeway.com and add $75 of items to your cart and add the promo code SAVE30 (this code is only good for your first order.) +It will take that $30 off of the non-ebt items first so if that is less than $30 after tax, you'll only need to enter your ebt card number to pay. +I hope this can be of help to someone out there! I'm in California btw if that matters. +**TLDR** +**I posted this a few days ago, but have been receiving quite a few messages from folks asking me to repost it. If only the SEC would look at the forms that get filed with them to realize something is fishy.** + +From N-CEN filings with the SEC, authorized participants are required to report their activity in ETF creation and redemption. You can find out who is creating and redeeming shares of the ETFs including GME, particularly XRT. + +The firms doing the most creation/redemption of XRT are ABN AMRO Clearing Chicago LLC, BNP Paribas Prime Brokerage, Inc., Citadel Securities LLC, Goldman Sachs & Co. LLC, HRT Financial LP, J.P. Morgan Securities LLC/JPMC, Merrill Lynch Professional Clearing Corp, Morgan Stanley & Co. LLC, UBS Securities LLC, Virtu Financial BD LLC. This activity may be on behalf of hedge fund clients as well. + +**TLDR DONE** + +It is well known amongst this community that abusive ETF shorting in XRT (and other ETF's) is happening and affecting the price of GME. For those who would like to examine the documents themselves, they can be found at [https://www.sec.gov/edgar/browse/?CIK=0001064642](https://www.sec.gov/edgar/browse/?CIK=0001064642) , then searching for N-CEN. The *Annual Report for Registered Investment Companies* can then be examined. Unfortunately, it’s last filing date was on September 10th AND this data was only from up to the end of June last year. + +*There should be another report filed in early March for the end of this year and we should be able to grab a better picture of this then as well.* + +**Important Data** + +The interesting part of this data is that all the authorized participants who create/redeem shares of XRT and the DOLLAR VALUE of both processes are recorded on this N-CEN form. Meaning not only can we examine who is purchasing/redeeming shares of XRT (to take advantage of ETF arbitrage and potentially other strategies), we can look at the dollar values this was done with. As a note, ETF arbitrage is a common strategy used by AP's to make money with ALL ETFs, not just XRT. + +This implies that the numbers submitted are truthful, which we all know, may not be the case. However, it’s the best we’ve got, so let’s summarize. On the N-Cen form, you can find/examine this information by using Control+F to search for XRT. + +**ETF Creation and Redemption** + +While I could write out this process, check out [https://www.ssga.com/library-content/pdfs/etf/au/spdr-au-etf-liquidity-master-the-mechanics-of-etf-trading.pdf](https://www.ssga.com/library-content/pdfs/etf/au/spdr-au-etf-liquidity-master-the-mechanics-of-etf-trading.pdf) from State Street as it provides both good visuals and descriptions of the process in a relatively short read. It's a pdf so might download. + +**Information about XRT** + +XRT’s ETF sponsor is State Street and more information about XRT can be found [https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt). According to the prospectus for XRT the portfolio managers are Michael Feehily, Karl Schneider and Ted Janowsky. They all seem to have been associated with XRT for a long time. The prospectus also specifies that XRT will issue “Creation Units” (i.e. ETF shares) in exchange for their designated portfolio of in-kind securities and/or cash. + +As of the last report, XRT has 46 authorized participants and is listed on the NYSE ARCA exchange. It is also noted in the N-CEN that XRT is an “In-Kind ETF”, which means that the shares involved in the redemption process for it are not sold/rebought but transferred between the AP and the Fund. This is confirmed from the N-CEN filings. The vast majority of the AP’s are paying for shares of the ETF (creation units) by using “non-cash assets and other positions exchanged on an in-kind basis” plus a fee. As well as the opposite, when they redeem their ETF shares, they are given securities back (not necessarily the same ones), but pay a fee as well. In-kind transfers exceed 99.99% for XRT and very little cash changes hands. + +When these shares are exchanged it is not like posting collateral, where the exchanged shares are held in a different account on the AP’s behalf. It is a simple exchange of securities for ETF shares OR vice versa. Once the exchange happens, the transaction is over. + +**All Authorized Participants Listed for XRT and Value Purchased/Redeemed for Jan-Jun 2021** + +Firm | Value Purchased (millions) | Value Redeemed (millions) +---|---|---- +ABN AMRO Clearing Chicago LLC | 1392 | 746.9 +Barclays Capital Inc. | 96.5 | 95.7 +BNP Paribas Prime Brokerage, Inc. | 529.8 | 706 +Citadel Securities LLC | 381 | 387 +Citigroup Global Markets Inc. | 75.6 | 125.5 +Credit Suisse Securities (USA) LLC | 43.5 | 16 +Goldman Sachs & Co. LLC | 561.1 | 621.4 +HRT Financial LP | 774 | 516.1 +IBKR Securities Services LLC | 0 | 9 +Interactive Brokers LLC | 9 | 3.2 +Jane Street Capital, LLC | 0 | 4.4 +J.P. Morgan Securities LLC/JPMC | 254.1 | 211.7 +Merrill Lynch Professional Clearing Corp | 652.9 | 611.1 +Morgan Stanley & Co. LLC | 897.7 | 793.2 +Natixis Securities Americas LLC | 13.3 | 49.1 +Nomura Securities International, Inc. | 0 | 19 +RBC Capital Markets, LLC | 4 | 37.9 +SG America Securities, LLC | 140.9 | 132.9 +UBS Securities LLC | 352.7 | 219.8 +Virtu Americas LLC | 64 | 228 +Virtu Financial BD LLC | 773.3 | 1122 +Wells Fargo Securities, LLC | 38.8 | 116.8 + +The following firms (listed below) are Authorized Participants for XRT, but had no Fund Shares Purchased OR Fund Shares Redeemed. **They did NOT participate in the ETF creation/redemption process for XRT for the first six months of 2021.** + +* ABN AMRO Securities (USA) LLC +* BMO Capital Markets Corp. +* BNP Paribas Securities Corp +* BofA Securities, Inc. +* Cantor Fitzgerald & Co. +* CIBC World Markets Corp. +* Commerz Markets LLC +* Cowen Execution Services LLC +* Credit Suisse Securities (Europe) Limited +* Deutche Bank Securities Inc. +* Electronic Transaction Clearing, Inc. +* HSBC Securities (USA) Inc. +* ING Financial Markets LLC +* Jefferies LLC +* J.P. Morgan Securities LLC +* Mizuho Securities USA LLC +* MUFG Securities Americas Inc. +* National Bank of Canada Financial Inc. +* National Financial Services LLC +* Natwest Markets Securities Inc. +* Pershing LLC +* Stifel, Nicolaus & Company, Incorporated +* TD Prime Services LLC +* U.S. Bancorp Investments, Inc. + +The groups that had no funds purchased and no fund shares redeemed didn’t participate in ETF Creation/Redemption for XRT. The groups that purchased specific dollar values of XRT brought the securities included in XRT and traded them for ETF shares worth that value. The groups that redeemed specific dollar values of XRT brought the ETF shares back to the fund and exchanged that value for the securities. + +While large amounts of trading could have happened for legitimate reasons (skimming profit through ETF arbitrage – unpacking the ETF and selling the securities OR buying the securities and redeeming them for ETF shares to take advantage of discrepancies), I wanted to create a list of the “big boys” utilizing creation/redemption of the XRT ETF. + +**Groups with over 250 million purchased OR redeemed in the first half of 2021.** + +Firm | Value Purchased (millions) | Value Redeemed (millions) +---|---|---- +ABN AMRO Clearing Chicago LLC | 1392 | 746.9 +BNP Paribas Prime Brokerage, Inc. | 529.8 | 706 +Citadel Securities LLC | 381 | 387 +Goldman Sachs & Co. LLC | 561.1 | 621.4 +HRT Financial LP | 774 | 516.1 +J.P. Morgan Securities LLC/JPMC | 254.1 | 211.7 +Merrill Lynch Professional Clearing Corp | 652.9 | 611.1 +Morgan Stanley & Co. LLC | 897.7 | 793.2 +UBS Securities LLC | 352.7 | 219.8 +Virtu Financial BD LLC | 773.3 | 1122 + +For these big players, the total amount of XRT (securities for ETF shares) purchased here was 6568.6 million (6.5 billion dollars) and the total amount redeemed (ETF shares for securities) was 5935.2 (5.9 billion dollars). + +**Trusting the Authorized Participants?** + +Guess how many violations these “big boy” authorized participants have. + +* ABN AMRO Clearing Chicago LLC – 79 violations +* UBS Securities LLC – 294 violations +* HRT Financial LP – 6 violations +* J.P. Morgan Securities LLC/JPMC – 504 violations +* Morgan Stanley & Co. LLC – 507 violations +* Citadel Securities LLC – 74 violations +* Virtu Financial BD LLC – 17 violations +* Goldman Sachs & Co. LLC – 361 violations +* Merrill Lynch Professional Clearing Corp – 56 violations +* BNP Paribas Prime Brokerage, Inc. – 19 violations + +**Clearly, these firms have very little respect for following the rules and are the firms heavily involved in using creation/redemption for ETF shares of XRT**. The most ridiculous part of this is that XRT has 7.2 million shares outstanding (as of today) but had 22.17 million shares sold short (over 300% short) as of December 15th, 2021. From looking at ORTEX data, XRT short interest has only gotten larger as the year has gone on. + +*I wonder why.* 🤡 + +**GME Shares in XRT** + +XRT has a significant number of different securities and GME makes up <1% of the ETF. This would be a relatively small number of GME shares needed to participate in the ETF creation/redemption processes with the supposed amount of GME shares held in XRT at 6.23 million dollars worth (roughly 45-50k shares at current prices). Since XRT should only have around 50k GME shares in total normally ([https://www.etf.com/XRT#overview](https://www.etf.com/XRT#overview)). But it’s been sold short at 100% so the XRT Fund should account for 100k GME shares in the original fund and its short interest. Well at 200% short, that’s only 150k GME shares needed. At 300%, it’s up to 200k GME shares tied up within the fund and its short interest. + +**A Hypothetical Situation** + +Since no one in the financial system seems to actually be checking where the shares are being obtained from, let’s examine a situation here. + +XRT has the base number of GME shares in it at the beginning. Firm A has all the individual securities needed to purchase 50000 shares of ETF, including GME (whether they borrowed these, bought them, or got some shiny new rehypothecated ones is unimportant). They trade in their securities to XRT and get ETF shares. They sell or borrow these ETF shares to Firm B, so now Firm B has 50000 shares of ETF. + +Firm B redeems their ETF shares to get Firm A’s recently deposited securities which includes GME. XRT still has the original amount of GME and no new shares of ETF have been created, except Firm B might owe Firm A some ETF shares if it was a short sale and Firm B has securities including GME. + +Still with me? Firm C has all of the securities needed to purchase 50000 shares of ETF, except GME. Then Firm B proceeds to directly sell or borrow the GME shares (obtained from redemption) to Firm C who now has all of the securities needed to purchase 50000 shares of ETF. Since Firm C has got all of the necessary shares in what seems to be a legitimate transaction and can trade them in to get some more ETF shares, which they can then sell/short sell to Firm D. + +Firm D then redeems them with the Fund to get the securities deposited by Firm C. And the cycle repeats with a small number of GME shares, creating short interest in XRT along the way assuming there was a short sale between Firm A and Firm B as well as Firm C and Firm D, with the EXACT SAME GME shares having passed through 4 different firms. + +This process can continue to bounce the necessary GME shares to each company involved. A small fee is paid for the privilege of creating/redeeming shares. These XRT shares can be sold short or borrowed to other market members and eventually need to be delivered. If they aren’t delivered, you end up with FTD’s for the ETF shares. Eventually this leads to XRT being placed on the threshold list like it is now. + +**But surely, the ETF holds the exchanged securities as collateral?** + +Lol. The trust you still have if you had that thought. NOPE, they aren't. Short interest for ETF’s can be very high, and the securities exchanged for ETF shares are traded in kind but (according to the N-CEN form), the exchanged shares are NOT held as collateral. At the end of the authorized participant section, there is an interesting question – *“Did the Fund (implying XRT) require that an authorized participant post collateral to the Fund or any of its designated service providers in connection with the purchase or redemption of Fund shares during the reporting period?”* Which for XRT is answered NO on the N-CEN form. Maybe they should start… + +The in-kind process exchanges ETF shares for shares of securities and vice versa. Those that do the creation/redemption are not guaranteed the exact same shares they deposited. The short interest in the ETF is not created at the fund level, but happens between the authorized participants. There is no incentive for the ETF Fund to care about short interest (other than it can look bad), since they still have their original shares and anything being purchased or redeemed is still balancing out according to their books. + +The number of GME shares needed to participate in this process is TINY and obtaining further exemptions and extensions for delivering is the goal. Perfect way to juggle a few shares around between multiple firms and make it seem like you are meeting any FTD’s your firm might have caused, while also obtaining shares for sell pressure that can be passed around. And once you’ve met the FTD’s, you’ve bought yourself some more time until the trade fails later again. + +One thing to note is that the prime brokers (and GSIB’s - [https://www.fsb.org/2021/11/2021-list-of-global-systemically-important-banks-g-sibs/](https://www.fsb.org/2021/11/2021-list-of-global-systemically-important-banks-g-sibs/) ) included on this list often loan out their authorized participant privileges to their clients, many of which are hedge funds. So, while the prime brokers may be identified in this list, the numbers could be due to their clients. Not that it really matters, since they would be on the hook if they borrowed the money to their clients and their clients defaulted. + +**As DRS continues and liquidity for even small numbers of GME shares becomes even more scarce, at some point it all goes ka-fuckin-boom**. + +**Unrelated Final Note** + +I also found that Virtu Financial BD LLC and BNP Paribas Prime Brokerage, Inc. are not even registered with the SEC according to FINRA ([https://brokercheck.finra.org/](https://brokercheck.finra.org/)). Both of them haven’t been registered for over a year but yet together did around 1.25 billion dollars purchased and 1.8 billion dollars redeemed for XRT in the first half of 2021? + +**What the hell SEC/Finra....** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Hi all. Looking to buy property in a town outside a major US city. The area itself is a bit out of our price range but we are considering buying a house at below-average price and fixing it up as we go along. The house would be livable but around the century mark and would need some updates. + +The area itself is very desirable. The school district one of the top in the state, it is a short commute into the city center via a direct train line and it is a rare suburb that has walkability/nightlife of its own. Given that the houses we are looking at are older, is it worth going this route or should we go for a less desirable area with a newer/updated house? + +We found a very nice single with a yard and a garage that we would like to put an offer in on but it does need some updating. This is hard to find in our price range in this area as it is an older area with mostly row homes. + +We will be first-time home buyers so we're a little hesitant to get in over our heads on this. Any advice or experiences would be appreciated. + +Thanks! + +Edit: I apologize for not being able to respond to many comments- this blew up way more than I was expecting so I can't respond to everyone! Seems like the consensus is to make sure we know what we're getting into with big things like plumbing/electrical/foundation issues but that if it's just cosmetic work to go for it. Thanks everyone! + +Just to answer a few common questions, we are not so much interested in this as a return on investment as we see ourselves staying in this house/area long term. We are more interested in putting some work into it to make it exactly how we like it and be able to be in our preferred area instead of buying a fully renovated house in a worse area. While I wouldn't exactly describe us as "handy" we are definitely willing to learn how to do some work ourselves. The house is not run-down by any means, just outdated but it is an old house so there are bound to be some issues even though it has been maintained fairly well. +I mean, we are consistently told by finance gurus to take responsibility for our financial wellbeing, save for deposits, pay off the mortgage, don't get credit cards, invest wisely, buying you freedom. + +And many people do follow this advice but the reality is, if everyone in Australia tomorrow "took responsibility", the economy would borderline collapse? Or would it not? + +Doesn't the economy, share market etc rely on people mindlessly spending / impulse purchasing at K Mart, JB hi-fi, car yards, Apple Store etc? + +So really, in theory the government wants us to look after ourselves (Moneysmart websites etc) but in actual fact they need us to spend as much as we can? + +Thoughts? + +EDIT: The general consensus is that without consumer spending. The economy collapses, we all lose our jobs. Our homes and it's lights out. + +So I guess what's the solution? We just accept people need to live their lives behind the financial 8 ball forever? For the good of the economy? Financial literacy / can only work for a small portion of people in the population at a time? As long as you're good with money but no one else is, there is prosperity for you? + +Seems the system needs people to spend + work forever or capitalism dies off? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Nothing unexpected in results and FY22 earnings are expected to be at the top end of estimates. So... why? + +https://www.aussiebroadband.com.au/investor-centre/ +Had a couple financial and investing advice companies private message me and ask me to plug their sites on here for a substantial amount of money. I told them absolutely not, I'm strong and worth more than that, much like the investing insights that can be found over at Motley Fool. SMDH, they think they can buy us, just like people should buy the strong buys recommended over at Zack's if they want to make money. What will they try next? +This is my current situation. Just started my first full time job. Is my plan solid, or is there anything I should tweak? Doing my best to make the most of my salary in terms of balance. + +Net monthly pay ~ 4,900 +Checking’s Account ~ 12,000 +Savings ~ 0 + +Rent ~ $1890 + 100 utilities (550 sqft studio in Chicago) +Food ~ $500 per month +Transportation ~ $100 a month (NO CAR/walk 25 mins to work or work remote) +Insurance ~ $0, on my parents health ins. +Going out (food/alcohol) ~ $150 per month +Entertainment/personal ~ $300 per month +Savings ~ $400/600 Roth 401k and Roth IRA, any left over to personal savings +Girlfriend ~ $0-4900 a month… jokes lol + +Student debt ~ $2,200 total, start paying in January 2023 + +Questions: +- What should I do with all the money in my checking? +- How can I improve my budget? +- Literally any good advice (: +Hello, + +After taxes and all expenses(bills, etc) what % of your income do you invest every year and what % do you put into savings? Also what % do you reserve for fun money like buying luxury goods ex. Watches, cars, vacations, etc. +This is just a thought, I'm not saying I am correct at all. + +But politicians probably aren't (or won't be) keen on adopting crypto because all transactions can be tracked. If we pay taxes in crypto, we can see exactly where it goes. And the government (referring to American) obviously isn't very transparent nor do they want to be. + +Seeing where our taxes go exactly will be liberating. But, obviously, there are some issues. Like lobbying, donations to politicians, etc. + +But who knows, maybe it will be a step in the right direction. + +Edit: yes, I know you can look up the breakdown online. But let's be honest, do you really think they are honest and won't hide where some 'dark money' goes? + +And yes, there's privacy coins. It's just a thought of a better political climate. +I'm curious on when and how people noticed they had transitioned from a gambler to a trader. In the beginning it essentially feels like betting on market action. +I'm personally early in my adventure. +The World Cryptocurrency Economic Forum held a hackathon and conference in the Bay Area back in January. Propy, a cryptocurrency real estate company was the title sponsor for the hackathon and planned to give away 50k Propy (ERC20) tokens which was worth about $200k at the time. After the hackathon was over, Propy mysteriously cut all contact with participants and hackathon organizers. https://steemit.com/cryptocurrency/@kjnk/propy-fails-to-pay-usd200-000-in-prize-money-to-wcef-hackathon-winners +Morning all apes! + + +I have deleted my old post and edited for this new one to make sure it is simpler to understand and I made some mistakes when talking about the ETFs so I've now removed them entirely from the post to avoid confusion and to keep the math here simple. Thank you to u/jsmar18 for pinning the comment with corrections so I could see and also messaging me over the weekend! The power of reddit and this amazing community is that we can openly discuss ideas and theories, I do not claim to be perfect I just look at data and present what I find with a sprinkle of memes. I love discussing ideas and theories as I enjoy the puzzle that is GME! If you do want to talk about ideas feel free to start a chat with me and I will do my best to respond, it does sometimes get a little crazy so please don't be offended if I don't reply to a comment or message I'm a busy ape who enjoys reddit but this isn't everything I do. + +And of course... + + +[\*disclaimer\*](https://preview.redd.it/lzcto894phv61.jpg?width=225&format=pjpg&auto=webp&s=854d48085a24f93b949e59c676820ab4675b52a9) + +Lets look through the volume data to show that retail very easily owns the float multiple times over. + +&#x200B; + +[Many bananananana - credit whatever brilliant ape made this.](https://preview.redd.it/fh6psvrajhv61.png?width=1168&format=png&auto=webp&s=88638a2ccf5f249d767c42f896743feab574f3f5) + +Since January a total of **2,904,446,487** (**2.9B**) GME shares have been traded on the NYSE an average of **37,720,840** per day which is **141.5%** of the total float, **26,664,355** + +So either every single retail investor who owns GME has bought sold and then rebought 1.4x a day or someone has shorted this to oblivion and is going to get hammered to helheim by Odin himself. So everyone quickly look at your hands... You saw diamonds didn't you? Fantastic job! The hammer theory checks out. + +&#x200B; + +[YEET!](https://preview.redd.it/tzdfgp44khv61.jpg?width=1230&format=pjpg&auto=webp&s=e86833ddd83c6b733742b23e41dff69c6d605d8d) + +Now lets focus on the FINRA data as that gives us the short/long ratio. FINRA reports **1,293,673,781** shares traded since the beginning of the year and **610,188,947** of those trades are short positions, that's a staggering **47.17%** of all trades coming through FINRA. Why is FINRA different to NYSE data? Simply they don't report on all exchanges it's likely just trades via the NASDAQ, whereas the NYSE is reporting all trades. + +Using the FINRA data again, since the start of the year (4th Jan) **16,800,958** is the average volume and **7,924,532** is the average short volume. Now there is no way to accurately tell what the total short volume is with the NYSE data but for speculation let's use the **47.17%** that we have from FINRA. I must emphasis that this is speculation it could be more or it could be less. + +47.17% of 2,904,446.487 = 1,370,027,407.92 short shares + +That leaves us with a potential 1,534,419,079.08 long shares since the start of the year. + +So we now know the float is **26,664,355** because 1,534,419,079.08 is **5754.6%** of that. So IF every ape from 4th Jan bought and hodl until today then retail would own **5754.6%** of the actual tradable float. That hasn't happened we know that BUT using this information in my opinion speculating that retail owns more than **1000%** of the float is very conservative. + +Let's say half of the 1.5B orders have been made by diamond apes, 767,209,539.54 shares.. that would be 2877.3% of the float that is actually accessible to retail. Once again I am not saying that Apes own 767.2m shares all I'm saying is I think **1000%** ownership of the float is a very conservative estimate when you look at this data. + +Now let's break this down further and go month by month to reassure any pansy apes who still need that. Plus you know... I've already done the math might as well show you. + +&#x200B; + +[1.26B traded in a month.... average of 66.4m](https://preview.redd.it/nnce8dg0lhv61.png?width=1339&format=png&auto=webp&s=696384a2ba8fc1f42d59391af9585424a7b34093) + +144m, 197m, 177m, 178m.... 144m shares traded in a day with a float of 26.6m. + + +144,501,700 is **541.92%** of a 26.6m float in a day. + +197,157,900 is **739.40%** of a 26.6m float in a day. + +Do you still doubt that retail owns the float? + +&#x200B; + +[Ah the fun times apes were doubted daily...](https://preview.redd.it/q3jza6t4mhv61.png?width=1336&format=png&auto=webp&s=256a1f07dfffbc09b989c3df7525348759316a0f) + +Jan first squeeze that got stopped illegally had a average short volume of 41.74% still VERY high and way more than the float (only using FINRA data) Febuary we can see that they continued to short the stock in order to get it back down to $40 as the original play to bankrupt the company was still the goal not to cover at $40. + +Also note... 150m in a day on Thursday 25th more than 550% of the float. + +&#x200B; + +How do we know that they didn't cover at $40? + +&#x200B; + +[Because the March FINRA data shows 57.91&#37;](https://preview.redd.it/ynq7zp4hmhv61.png?width=1243&format=png&auto=webp&s=f8d467088be4acf9ab6c6babcc50f3741b168ba8) + +I think that says it all really but just incase you don't understand... Uh oh Hedgies... you in trrrrrroubleeeeeeee! + +Now let's look at April... + +&#x200B; + +https://preview.redd.it/gvbdvkilmhv61.png?width=1254&format=png&auto=webp&s=c1ecdd636b1e566ccf610ae637f717e2b91fc8c8 + +Keep in mind this data is incomplete as we still have the final week of April to come but I find three things particularly interesting about this data. + +&#x200B; + +1) The short % dropped off from last month but is now rising sharply and still a lot higher than Jan in the original taster squeeze. + +&#x200B; + +2) The volume is drying up! Which is great for apes and horrible for hedgies who need apes to paper hand shares to try and soften the blow. + +&#x200B; + +3) The feeling of Deja Vu. Is $150 the new $40? + +&#x200B; + +&#x200B; + +[10 day price action of both](https://preview.redd.it/gt2a3geomhv61.png?width=1337&format=png&auto=webp&s=3de16b06461907c15b5049bccd8f284b0c2ea529) + +&#x200B; + +https://preview.redd.it/lcobytsqmhv61.png?width=852&format=png&auto=webp&s=292fe330c96dd929df0db467c1359f6a41700057 + +Now I'm not saying that we should expect a price explosion today I'm making no predictions at all as I don't care when the squeeze is squoze all I know is that it will be squoze and it will be fucking fantastic. All I'm showing with this data is that $150 is really starting to feel like $40 to me. It costs nothing to HODL it costs billions to keep shorting this stock. + +&#x200B; + +&#x200B; + +[Ken boy explaining to his clients what happened](https://preview.redd.it/or5t1xkumhv61.jpg?width=499&format=pjpg&auto=webp&s=69541e3f0e55cf0ba2596fd5c0f5658d2207f7ac) + +Seriously though... fuck. The insane amount of average volume that far outweighs the actual float, most importantly apes are diamond handing this shit and will be rewarded with space travel. The volume I'm showing you as well is just the stuff reported by FINRA and NYSE that doesn't include the FTDs, OTCs, the dark pools. This is just what we are being allowed to see, this is bigger than anyone has yet to realise and things are going to get real fucking wild sooner rather than later. + +&#x200B; + +\*\*TLDR -\*\* The real float is 26.6m and retail very easily owns more than 266m shares or 1000% of the float. The real damage will be done when 100m+ apes vote in the upcoming meeting when only 70.7m shares are available. The war is all but won, there are just a few battles left to be had. + +See you on the moon! +https://apnews.com/article/international-news-europe-8e0222555df76c36bfbeed3289222d94 + + + +I buy several times a week from them but I'm the biggest enemy of Amazon Choice and Best Seller . +I used to sort by reviews/stars but now sends you to unrelated items. Even though many fake reviews. + +LONDON (AP) — European Union regulators have filed antitrust charges against Amazon, accusing the e-commerce giant of using data to gain an unfair advantage over merchants using its platform. +The EU's executive commission, the bloc's top antitrust enforcer, said Tuesday that the charges have been sent to the company. +The commission said it takes issue with Amazon's systematic use of non-public business data to avoid “the normal risks of competition and to leverage its dominance" for e-commerce services in France and Germany, the company's two biggest markets in the EU. +The EU started looking into Amazon in 2018 and has been focusing on its dual role as a marketplace and retailer. + +In addition to selling its own products, the U.S. company allows third-party retailers to sell their own goods through its site. Last year, more than half of the items sold on Amazon worldwide were from these outside merchants. +Amazon faces a possible fine of up to 10% of its annual worldwide revenue, which could amount to billions of dollars. The company rejected the accusations. +“We disagree with the preliminary assertions of the European Commission and will continue to make every effort to ensure it has an accurate understanding of the facts,” the company said in a statement. +The company can, under EU rules, reply to the charges in writing and present its case in an oral hearing. +It’s the EU’s latest effort to curb the power of big technology companies, following a series of multibillion dollar antitrust fines against Google in previous years. +I say let them. You’ll have far more important things to do than worrying about the first draft of history. + +Lawyer up. Delete Facebook. Buy a Gym. + +There will be literal careers dedicated to understanding this event. Dissertations, books, movies; plenty of time will pass for the records to be set straight. If MSM can’t figure out where the story is, or if they’re paid not to, then don’t waste your time, money, and reputation on helping them get more clicks. + +You’ll know who the real apes were, that’ll be enough. +I just watched [this](https://youtu.be/AqSExy3HBm0) video put out by Economics Explained that I felt did a decent high level view of FIRE and the potential macroeconomic effects of it. I thought it'd be interesting for those of us here as well as potentially a good resource to put into our wiki/sidebar. +# Years in which both the S&P 500 and 10-Year Treasury Bond were down? + +5 --> 1931, 1941, 1969, 2018, 2022 + +# Years in which both the S&P 500 and 10-Year Treasury Bond were down more than 10%? + +1 --> 2022 +Netflix content chief Ted Sarandos told film and TV executives big budget projects must be more cost-effective, The Information reported. + +Netflix is notorious for its massive content spend, but it has said it expects cash burn to peak in 2019. + +The reported messaging marks a shift in Netflix's strategy, which has previously justified lower viewership numbers for some content with buzz and credibility. + +More +https://www.cnbc.com/2019/07/01/netflix-reportedly-getting-serious-about-viewership-for-big-projects.html + + +In the first quarter, Netflix had $4.5 billion in revenue, $344 million in profits and 6.96 billion in debt. +I'm going to be moving from Seattle to Michigan soon. This opens up an opportunity to invest in real estate that I'm unable to do currently in a very expensive area. I'm moving to a location where I could get a duplex for around $120K. I could rent one unit for between $700 and $800 while living in the other (also likely renting a room in my unit to friend). The plan would be to get an FHA loan, live there for 1-2 years, then if things go well acquire a second du/tri/quadplex and do the same thing while renting both units in the first property. + +I've been reading about this a fair amount, but not having any actual experience makes the prospect a bit daunting. I'm saving as much as I can to make it happen. Not including the down payment, is there a recommended minimum amount that should have saved up before taking that step? I'm curious to see how much of a cushion people usually have, or recommend having, when going into this. +Seriously what reassurance do you want? People who own the same coins are gonna circle jerk your portfolio or tell you to add some more X because they are holding X. You wanna know if your portfolio is decent? Read the white paper for every coin you're invested in, think about what real world problem or issue it's going to solve or make easier. I am about to just unsubscribe from this subreddit because there is nothing but fud, shilling, and stupid ass moon predictions/posts because some small irrelevant fact was announced. I seriously miss what this subreddit used to be about. Done using this for any information anymore. Shit is annoying and is just making people invest in shitcoins. Fucking verge still has a market cap over 2 billion. Rant over. Fuck this subreddit. + + +Edit: Now that I'm on front page can you guys rate my portfolio? + +https://t5.rbxcdn.com/3ec65288167d11dafe3f2dd674add32f +Seriously what reassurance do you want? People who own the same coins are gonna circle jerk your portfolio or tell you to add some more X because they are holding X. You wanna know if your portfolio is decent? Read the white paper for every coin you're invested in, think about what real world problem or issue it's going to solve or make easier. I am about to just unsubscribe from this subreddit because there is nothing but fud, shilling, and stupid ass moon predictions/posts because some small irrelevant fact was announced. I seriously miss what this subreddit used to be about. Done using this for any information anymore. Shit is annoying and is just making people invest in shitcoins. Fucking verge still has a market cap over 2 billion. Rant over. Fuck this subreddit. + + +Edit: Now that I'm on front page can you guys rate my portfolio? + +https://t5.rbxcdn.com/3ec65288167d11dafe3f2dd674add32f +How do I know how much I will need to retire in 2050 as a 70yr old? Given the crazy rise of living costs how can I even think that far ahead? + +It honestly feels like no one is on your side these days, the government has given up governing, companies are on a exploitation mode with all the data they have about us, costs are spiriling out of control on a lot of core things that make a good life, food is shrinking. Like how is it even realistic to plan for a retirement under these conditions? +The main goal for all of us should be pushing people towards using Cryptocurrency. Even if someone starts by buying a coin that you don't like, at least they are entering the market. I first got into the market because of Bitcoin, now I've purchased all sorts of different coins. + +The best way for all of us to succeed is to increase the Cryptocurrency market cap. +I received an unexpected sum and need advice on what to do with it. Here is my breakdown, if I’m missing something important please let me know. + +Current bank account + savings : $600 + +Windfall to 2nd checking account : about $48,000 + +Income: $0, I was laid off from PT job in March (Covid) and in 2019 filed taxes already for about $32k AGI while in grad school. + +I expect unemployment checks soon and the estimated: *$600/wk, edit * + +Estimated stimulus check (did have direct deposit for IRS in 2019): $1200 - tax + +Debt: +Student, currently 0% interest no payments required til I think fall? Total balance approximately $6500 + +CC (2), total approx $11,000 + +No-interest furniture debt : approx $2500 if paid at $65/month 2 more years (I have direct debit right now) + +Expenses: +-car insurance: $100/mo + +-payment toward mortgage (fiance owns the house): $400 if I have it + +-4 pets and nothing else major necessary besides food and toiletries. + +Goals: +-start my own local pet business , thinking of small business loan ? + +-save smart and grow money for having a family soon (getting married in a couple months) + +Thanks in advance for reading and helping ! +https://twitter.com/businessinsider/status/1337827655186599936 + + +> After a 312% year-to-date rally and a market value of more than $35 billion, Peloton will join the ranks of its large-cap tech peers: inclusion in the Nasdaq 100 index. + + +>The annual year-end shake up to the technology-heavy index will result in the removal of 6 companies and the addition of 6 others, Nasdaq said on Friday. + + +>**Aside from Peloton, the companies to be added to the Nasdaq 100 prior to the market open on December 21 are American Electric Power, Marvell Technology Group, Match Group, Okta, and Atlassian.** + + +>Many of the names being added to the Nasdaq 100 index have seen a surge in demand for their product offerings due to the COVID-19 pandemic and its related restrictions on businesses and social gatherings. + + +>Peloton customers have seen their expected delivery time for the connected fitness equipment extend into months as consumers adapt to shuttered or capacity restricted gyms. Peloton sales are up 172% year-over-year. + + +>**Those 6 companies are taking the place of BioMarin Pharmaceuticals, Citrix Systems, Expedia Group, Liberty Global, Take-Two Interactive Software, and Ulta Beauty.** + + +>The Nasdaq 100 index was launched in 1985 and comprises of the 100 largest Nasdaq exchange listed non-financial companies. The index is reconstituted each year in December to coincide with the quadruple witch expiration Friday of the quarter. + + +>The Nasdaq 100 is up 38% year-to-date, outpacing the S&P 500's year-to-date gain of 13% by nearly triple. + + +Emphasis mine. +As I sit here on the first day of the new year, writing this post, I think to myself how much can one human take before it's just too much? The world can just be an absolutely awful, awful place. + +I read these "stolen or hacked crypto" posts all the time. I always think, wow that person doesn't know what they're doing, shouldn't be investing in crypto in the first place, or that would never happen to me, because I'm super careful! Maybe they are just lying and trying to just get sympathy? Believe me, I wish I was. + +Although, the posts that seem legit I always try to help. Now, I am on the other side of it. Never thought I'd be here. + +I've been investing in digital assets since early 2016. I would consider myself pretty knowledgeable on all things related crypto/blockchain. I believe in the tech, I built my portfolio up for years and this is pretty much one of the only things I enjoy in life. + +I have a hardware wallet (Ledger Nano S) since 2017 and 4 different Metamask "hot" wallets. The hardware wallet consisted of 80% of my portfolio. + +Yesterday, I used my Metamask to access all my wallets for a balance status check before the new year. Everything seemed normal. After checking again late last night and after seeing one of my accounts showing as zero, I noticed every wallet was wiped. + +My only possible conclusion is that I clicked a malicious link while surfing the internet. The trojan must have somehow took control over my Google Chrome browser (or Metamask extension) while I was using it, while my ledger was unlocked. Checking the transactions times they were sent out around the time I had it open. Again, I never was prompted to accept or approve anything that I myself wasn't doing. It is frightening. + +As I look at all of my wallets today, I see zero balances and I am absolutely crushed. It took all my power to even get out of bed, file reports, and write this post today. + +I reached out and filed reports to my local law enforcement and the FBI. + +Checking the transactions, it seems like the wallets were completely wiped in a matter of minutes. + + + +Hacker's ETH address: + +0x365DB2B5722d13F431224066898b4CF8cA7AdFe5 + + +Address on all chains: + +[https://blockscan.com/address/0x365DB2B5722d13F431224066898b4CF8cA7AdFe5](https://blockscan.com/address/0x365DB2B5722d13F431224066898b4CF8cA7AdFe5) + + + +I'm hoping one of the wallets leads to a KYC connection, but obviously a long shot here. Super grateful for any research or help. + +Some of the crypto that was stolen: + +$ETH $MATIC $AAVE $TIME $OVR $ENS $ZRX $AVAX + +If the hot wallets were all hacked, it would not be the end of the world. I just don't understand how the hacker accessed my hardware wallet, too. Again, I was never prompted a transaction to approve. My seed phrase is on paper, stored in a safe, which no one has access to. My seed phrase has never been written down anywhere else, no computer, no phone, except on that paper in the safe. + +I know since it's self custody, it's obviously still my fault. Aside from probably accidently clicking a malicious link on the internet somewhere, I'm still at a complete loss of what I could have done better. A possible solution was to maybe have the hardware wallet on a computer I never touched - one that I never used the internet for, but this is all in hindsight. + +I've been on this computer for years and there's been a few times when accidently clicking something that starts an auto-download. Obviously, I am always quick to delete or disable those files. Maybe a virus file was lying dormant for months or years without my anti-virus catching it? Just waiting for the right opportunity? Maybe it is a Metamask data leak? I'm not sure. I like to think I'm pretty careful about my passwords and security. + +I mainly write this post to warn others. Even if you think you are safe, you might still be at risk. I guess with these advanced hackers now, all it takes is one wrong click. This was my life savings aside from a few emergency funds in my traditional bank. I don't think I will ever financially, emotionally, or mentally recover from this. It has affected my life tremendously. I hate to sound dramatic and be that guy, but I'm honestly at a point now where life doesn't even seem worth it. + +I'm trying my best to use the last of my energy to fight back. + +Any help at all is super, super appreciated and I hope one day to pay you back tenfold (when I can). + +Thank you. + +\--- + +TL;DR ledger nano s hardware wallet and Metamask hot wallets were all hacked. Did everything in my power to keep my crypto safe and still lost everything. Most likely from a miss click link -&gt; file download somewhere? Not entirely sure. My life savings gone. I am absolutely crushed beyond belief. Happy new year, this is the worst day of my life. + + +\--- + +UPDATE: Many have reached out and experienced a similar hack, multiple with hardware wallets too. So many others have messaged to try to help and I can’t thank you all enough. Doing my best to respond while working with exchanges, law enforcement, etc. + +I haven’t slept and working around the clock to try to bring justice to this. This is potentially huge and I don’t want others facing the same fate. + +Can’t comment on much right now, but learned so far of a new malware that can hack into many of different crypto wallets. Yes, seems like Ledger software too. Potentially promising. + +Compiling a comprehensive report when I can. +The bottom (so far). Clearly, I fucked up pretty badly. I knew the playbook: don’t sell during a panic. I did the one thing that I was certain I shouldn’t have done. Consequently, I took a few days to take a step back and analyzed why I didn’t follow the 1-step process of not opening your brokerage account. + +Up until March 23rd, I held Vanguard targeted date funds and DCA’d. I wasn’t worried that the world was going to end, and I genuinely believed we’ll be back to full steam in 2-3 years. The reason I sold was because that was the point when I internalized that the fund was a mishmash of everything. Still, I was holding a bunch of companies and sectors that I believe would stagnate/collapse in the next 10-20 years. It just didn’t sit right with me. Regardless of the countless evidence pointing towards indices being the best for investors, I just cannot reconcile with that fact. There will always be a voice in my head telling me to sell. I realized that the only way I could hold through crises is by actively choosing what was going to be in my portfolio. + +Is that a personal failure not following the data? Maybe. Can I beat the indices? Certainly not with day/swing trading. However, over a longer time frame, I think I have a good shot. + +I just wanted to share this with other people. This sub’s version of loss porn if you will. Fuck that was a lot of money. + +PS: one thing I wanted to address on the side. People often talk about how there are these huge teams of analysts from Ivy League schools with PhDs and what not, hence it is impossible to beat them. I disagree with that statement. I went to school with many of them - including the PhD part - and I’ve worked with a few companies who have hired them for their services. They are far, far, far from infallible. +This isn't being talked enough here. We all know we will be filthy rich, yet have vague ideas where to store your tendies at most safest option/place. A lot mention credit union but how are you going to deposit $690m in there if the limit is 250k? Check sounds risky and you would need to deposit that somewhere, so where? Crypto? No that is too risky as HFs own it. Spread your tendies into different banks at limit of 250k each? That's at least 200 banks you are talking about. Gold, houses, any other tangible assets? Ok how are you going to invest in those if banks are going bankrupt? You can't just invest in those from CS an takes a while ro process of owning them. Fidelity? Ok what if they go bankrupt? Please don't reply "I wilL nEvEr sElL" cuz that's impossible and you are just wasting everyones time. Hookers, drugs, w.e the fk you want to do with your tendies, NEED safe places to take your money out to do those. What is your plan? What would be the safest way to protect your tendies right after selling? + + +Edit- yes you have great future ahead with all the things you wanna do with tendies (investment, crypto, real estate), but this post is to have discussion or suggest ideas where to store tendies RIGHT AFTER you sell them. Where will you keep your $690m(1 share)? +Hi all, long time lurker here! + +So yesterday was completion day on our house move. Everything was going good, we had loaded up our van, had some emotional goodbyes with our first house where we'd brought our son home from the hospital and trundled off on our merry way with belongings in tow. + +We parked up near a friend's house who live very close to where our new house is just to await completion. We get a call from our solicitor who then told us that someone in the chain doesn't have funds to complete. They apparently said they were a cash buyer but when it came to crunch time, they didn't have any cash to buy with! + +After several hours of tears and waiting for a solution we were told that they had fully pulled out and to move back in to our old house. The chain had 6 parties in it so whoever this was has seriously upset a lot of people. We ended up having to rent a storage container for a lot of our stuff as we couldn't get everything back in to the house that quickly the way it was. + +So, after much waffling, what happens now? I've tried doing some googling around this but just seem to get articles about what happens on completion day. I presume that as this person/people pulled out after exchange of contracts and that clearly their solicitor didn't do their job properly that there would be some form of pay out? Does the whole thing fall through? Has anyone ever been in this kind of situation before??? All of the solicitors are now on holiday for Christmas (ours even came in on their day off to get us through completion) so it's not like I can ask them. I presume what happens now is dependent on the agreement in their contract? + +Thanks + +Edit: wow, this took off like a rocket! Thanks everyone for your contributions! Thank you very much for the award! My first ever on Reddit! :] +This is a genius two-pronged attacked that is going to make life difficult for two different groups for two different reasons! + +Attack #1– hit the DTCC hard. By doing a dividend split the DTCC is going to be handed a limited number of shares (they’ll get theirs after CS distributes shares to insiders and DRS accounts). This puts serious pressure on the DTCC because there’s going to be a ton of people expecting stocks to show up in their account and the DTCC is going to have to find them. (There have been a lot of posts focusing on this scenario— but not on the second prong of the attack.) + +Attack #2– Forcing price action that will trigger margin calls and liquidations. The last 18 months price actions have shown the SHF have price ceilings where margin calls would be triggered. In January ‘21 it looks like it was $500. By March ‘21 it had come down to $350. Their efforts to kick the can and to live to fight one more day have increased their debt, their fees and interest, and have lowered their margin threshold. There was some speculative DD recently that suggested the line may lie to under $200 and may be as low as $150. + +Every time a stock splits the price begins to climb again. So this move is going to result in prices rising— and they won’t have to rise much to begin to trigger margins. If the stock is at $120 on July 18 it will start trading at $30 a share. Juicy right? But that $30 is really 4 for $120. A rise in price to $50 a share is equivalent to $200. And when it hits $75, it’s $300. + + +And this isn’t even considering the effect this will have on options and the ramp that’s going to push prices up. Hedgies are fukd. + +I know there is concern that the system will somehow cheat and screw apes. I think though this move puts multiple pressure points on different parties such that their options are going to be limited. Hedgies need the price to stay low. The DTCC needs to buy shares. Two of our biggest enemies have just been pitted against each other. Both are fukd bcs my price to sell has lots of numbers in it. + +So genius move RC! Hit the DTCC and hit SHF! Buckle up! + +TLDR- the dividend split attacks the DTCC by forcing them to close shorts/buy shares since they won’t receive enough from CS to distribute to the brokerages AND attacks the Hedgies by creating upward price pressure that will trigger margin calls and then liquidations. +Me and my partner today visited a caravan park by the swamp (between Sydney and Central Coast). Got a great tour of the place. + +Lots of Caravans/Cabins going for $27k. But you can only live there 6 months of the year. + +So you could technically buy 2 caravans, live between them 6 months on/off. + +Total investment $50k, mortgage free. Sounds pretty good to me +Have a total of 25k losses. Two big 10-15k losses in a few days with weeks of small steady gains in between. + +Not quitting my day job for this, that’s for sure. I had a conversation with my wife, told her my losses. I feel like I can regain a small amount day by day with good habits but asked her if I should and she said no. + +It’s tough leaving but that’s how I know I have a problem. Hope anyone else who does gets out while they can. + +Luckily my day job can support me and I’ll just work a bit harder at that to make extra income to offset these losses. + +Anyways, good luck everyone, this is way harder than it looks. +Starting next week, we're going to see the power of the SEC's fully-operational battle station. And it's fucking HUGE! + +**TL;DR — As of yesterday (Friday 9/3), a new SEC rule change could have the effect of putting the halt on hundreds of squeezes that could have put added pressure on some SHFs.** + +**Does this take away the potential for the MOASS as we imagined it to be? I honestly don't know. I hope not. In fact, it might have even cleared the launchpad in preparation for MOASS. But either way, I believe (and this isn't financial advice \[none of this is\] as I'm not a financial advisor) GameStop is still the best equity investment in any market, foreign or domestic. It's fundamentals are beyond sound. It's leadership is unmatched. It's special in that it straddles both growth and cyclical (to say nothing of emerging tech). And, based on it's unique trade-history profile, it's undoubtedly a hedge against market turmoil (and I suspect we'll see plenty of that very, very soon).** + +https://preview.redd.it/kdg9kftmaul71.png?width=1614&format=png&auto=webp&s=864bb29dc41211512606643395151510636f8026 + +[https://www.sec.gov/news/press-release/2020-212](https://www.sec.gov/news/press-release/2020-212) + +[https://www.sec.gov/rules/final/2020/33-10842.pdf](https://www.sec.gov/rules/final/2020/33-10842.pdf) + +Perhaps well-intentioned, the immediate effect of SEC Rule 15c2-11 overhaul is this -- **Retail FOMO No Mo**. In other words, the thing that often gives a short squeeze its umph!, namely ... retail investors piling on in fear of missing out (FOMO), has been obliterated for hundreds of listings in the over-the-counter (OTC) market. Many of which should rightfully squeeze based on the trading abuses that have taken place in the past, and they would have provided MASSIVE amounts of fuel for the MOASS. **GameStop could have been the biggest, best rocket to the moon, but it would have been surrounded by hundreds or thousands of other mighty rockets, all headed to their own destinations. This isn't going to happen now (not the MOASS part, but the many, many rockets), and it feels criminal.** + +I believe (at least, a big part of me believes) this rule change is an effort to clean up a very big mess for some very bad actors. For decades, good companies have been unscrupulously attacked via a criminal cocktail of illegal shorting (including naked shorting, rehypothication, and generation of synthetic shares for profit \[though created in the name of market liquidity\]), thinly veiled violations of anti-trust laws, toxic debt arrangements (death spiral financing), "bust-out" schemes, and probably much, much more. + +Here's a pretty good snapshot of the type of bullshit that's been happening in our markets over the years: [https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/](https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/) + +[\\"When the note comes due, the mobster simply torches the restaurant and collects the insurance money. Reduced to their most basic level, the leveraged buyouts engineered by Romney followed exactly the same business model.\\"](https://preview.redd.it/ojhn4mqveul71.png?width=1670&format=png&auto=webp&s=821e4f69ece5df713d76179047de3f7cc989d657) + +So with the enactment of SEC Rule 15c2-11 changes at market close yesterday (9/3/21), you and I and all other retail investors have been locked out of the imminent unwinding of decades of bullshit and the vast privateering of our companies, jobs, and economy. These crooks had no problem taking our money on the way down, but just as things are getting good and squeezy, all of a sudden we need to be protected? + +https://preview.redd.it/dmc1dcv7ful71.jpg?width=500&format=pjpg&auto=webp&s=7c86035258d2cd2ac8ca50cec6c0bb3824b59387 + +If the idea really is to clear the books and make way for a blockchain-backed market (it seems like this is what Gary Gensler and the SEC might want -- I hope they are not more of the same con artists we've seen in the past), then the unwind that's about to happen in U.S. markets is going to be epic. But now much will happen in darkness. It's possible that sub-penny stocks will become dollar stocks in the throes of becoming truly worthless stocks. We saw a little bit of this yesterday with just a hint of retail buy pressure. + +Take a look: + +[20MM+ shares traded, \~$10MM in value changing hands. This was not retail only, but had retail known about and been able to fully participate \(imagine this covered on MSM\), Sears would have broken out of pennies and into dollars, likely even tens or hundreds of dollars. It would have had a cascading effect and could trigger something like an \\"Everything Squeeze.\\"](https://preview.redd.it/bw585d3dful71.png?width=2420&format=png&auto=webp&s=eb0add153036128f8f307a264dcd300c482caf43) + +Remember, buying of $SHLDQ had already been turned off for the vast majority of retail investors. Furthermore, few of the world's tens of millions of retail investors even know Sears stock still exists, or could even be bought (up until recently). Imagine if yesterday's move were covered on MSNBC. I believe yesterday was a legitimate squeeze, but it was massively managed and curtailed. + +Here's the daily chart: + +[Short seller held the line at $.70](https://preview.redd.it/55awa79wful71.png?width=2026&format=png&auto=webp&s=5ce0da42eb8b8eb07c7eb7bc6a3586a777a31d5c) + +Look at the control applied to the $.70 line. It turns out the short volume ratio for yesterday for $SHLDQ was exactly 33.3% ([https://fintel.io/ss/us/shldq](https://fintel.io/ss/us/shldq)). This follows days of 62% and 52%. The 33.3% shorting ratio feels like a brakeman to me ... I bet almost all of it was done by a small handful of entities working in concert, and it was done to protect the $.70 line for a very specific reason. + +Collateral Damage + +While the banner of 15c2-11 reads, "Retail Investor Protections, Combat Fraud" ... that's not really the reality. In fact, this move is going to hurt tons of legitimate companies and plenty of earnest retail investors. Check out all the very legitimate objections to these changes in the links below. + +Objection to 15c2-11 Changes: + +[https://www.sec.gov/comments/s7-23-20/s72320.htm](https://www.sec.gov/comments/s7-23-20/s72320.htm) + +[https://www.sec.gov/comments/s7-14-19/s71419.htm](https://www.sec.gov/comments/s7-14-19/s71419.htm) + +To summarize, they break down into two camps. + +Camp A: + +"One does not have to be a genius to understand that this uncertainty will lead to panic selling, lower liquidity and lower prices over the next few weeks. And the only market participants who will profit from this are the ones not affected by the upcoming rule changes. In other words, the current state of affairs is going to be profitable for professionals at the expense of retail investors." + +[https://www.sec.gov/comments/s7-23-20/s72320-246947.htm](https://www.sec.gov/comments/s7-23-20/s72320-246947.htm) + +Camp B: + +"I am a private investor who is active in unlisted OTC stocks that are far from the Wall St crowd or most investors. These companies are reputable often family controlled businesses that operate openly in many small and large cities throughout the US. Many have been around for 100 plus years and are well known and stalwarts in their respective communities. + +In many cases they have historically ended up on the OTC and trade infrequently. In some cases managements and/or Directors are happy with their partial anonymity on the OTC and do not make it easy to obtain information or even their annual reports. + +The proposed rule change will only give cover to such companies and endorse their lack of transparency. By making it a requirement for brokers posting markets in such stocks to obtain and distribute annual reports, they will be unable to do so because certain companies just won't provide them. Hence a shareholder or prospective shareholder is deprived of trading opportunities in such companies. This could also well lead to takeover offers by unscrupulous operators taking advantage of an uninformed marketplace." + +[https://www.sec.gov/comments/s7-14-19/s71419-6594717-202423.htm](https://www.sec.gov/comments/s7-14-19/s71419-6594717-202423.htm) + +So, in an effort to suppress the "Everything Squeeze," regulators are penalizing investors that have held onto abused stocks for years. Want to know what an abused stock looks like? Check this little gem out: + +[Yes, the top of that Y axis is a B, as in billions.](https://preview.redd.it/i80nyv52gul71.png?width=2322&format=png&auto=webp&s=393f0a7f7ccf5e43e20dac43fd32f5f7f7388f3b) + +In 2006, FJHL had a reverse split of 1:250. In 2014 it had a reverse split of 1:1,000. And last year, it had a reverse split of 1:10,000. It has a 52-week range of $.05-$6.50. Earlier this year I bought a chunk of this company when the market cap was around $68,000. Now the market cap is at $10MM. Think I saw any gains? Nope. In fact, I'm down 72% on the trade. The only reason I held is because I know this company has been massively shorted, and this has obviously been the case for years. I'm hoping the right asshole gets liquidated and the games ends. + +Check this out: [https://fintel.io/ss/us/fjhl](https://fintel.io/ss/us/fjhl) + +Short volume ratio of 100% on multiple days. That means if some random retail investor (say me) comes and buys 100 shares, those are shorted shares looking for a buyer, not the other way around. This is an operation that requires monitoring, capital, etc. I have a hard time believing this is a single individual pulling this off, especially because there are hundreds of other FJHLs out there. This is systemic, and it's been ignored for decades. The hole is fucking deep. REAL DEEP. + +And the FTDs ... no big deal, it's only a few hundred. Well remember, this piece of shit just went through a 1:10,000 reverse split. Numbers can be deceiving. It does average volume of 1,400 shares/day. And sometime all of it is short sale volume. + +Now back to squeezes. If whichever hedge fund or other entity is pulling this shit were to have to make good on the rules, and they get liquidated, this stock (FJHL) would surely squeeze to enormous heights. But now the SEC has taken away the buy button. I wonder if they've also taken away the systemic risk of broad liquidations, the kind that would fuel the MOASS. + +At face value, it looks like whomever was pulling this scam is going to get away with past criminal activity. Doesn't look like there is going to be that richly deserved comeuppance. Sure, the rule might prevent further abuses, but as stated in many of the objections above, this is going to open the door for other abuses. + +We'll see what happens. Again, I have a little faith in GG (perhaps misplaced?). But as of right now, it feels a lot like this: + +https://preview.redd.it/ahr8ez09gul71.jpg?width=720&format=pjpg&auto=webp&s=09df2333e69b1c859af0979e8ea53e9449b3ebf7 + +\------------------------------- + +Edit #1: Here's a comment from u/Undue_Negligence, MOD over at DDintoGME. I thought the comment and my response were worth sharing here, hopefully for obvious reasons. + +https://preview.redd.it/xds2qu7vgxl71.png?width=1404&format=png&auto=webp&s=7fdcdab39cd0a8359205fbf15a4eeb37a205be58 + +https://preview.redd.it/t0aefrvvgxl71.png?width=1440&format=png&auto=webp&s=091d6a337b72e7b89e37e497e2b29f2ddd881c6c + +https://preview.redd.it/6ymm10jwgxl71.png?width=1414&format=png&auto=webp&s=9077bd264eff8795383b95993722a6f821559075 + +https://preview.redd.it/1mnaq4zwgxl71.png?width=1458&format=png&auto=webp&s=26ecbe800cc2bf39a666cc5c641182b4ec677da4 + +&#x200B; +*Originally posted in [/r/PhilosophyofScience](http://www.reddit.com/r/PhilosophyofScience/)*. + +[Game theory](http://plato.stanford.edu/entries/game-theory/) has had some [limited success as a descriptive theory](http://en.wikipedia.org/wiki/Game_theory#Application_and_challenges) in economics, biology, computer science and even philosophy. One of the cornerstones of game theory analysis is the [Nash equilibrium](http://en.wikipedia.org/wiki/Nash_equilibrium), a state of the game where no player can improve his/her outcome by changing his/her strategy without causing an opportunity for a better outcome for other players by changing strategy. (Yes Nash was that guy that the movie [A Beautiful Mind](http://www.imdb.com/title/tt0268978/) was based on). + +Games may have multiple Nash equilibria and it is generally agreed by theorists that the best outcome for all players, if one exists, must be a Nash equilibrium. Nash himself believed that even though in practice, equilibria of games might not be achieved, they will always tend toward an equilibrium point as games are repeated. Conditions for this to occur include the requirement that all players are "rational" and that all players have perfect information about payoffs and possible moves. + +**This assumption/definition of rationality is where the trouble for game theory begins.** + +One of the problems with these assumptions lies in human psychology. Consider what is known as the [ultimatum game](http://en.wikipedia.org/wiki/Ultimatum_game) between two players. A fixed amount of money is to be shared among two players. One player is selected to make an offer about how much he will keep and how much he will give to the other player. The other player then has the option to accept or reject the offer. If he rejects the offer, both players get nothing. If he accepts the offer, the players get the agreed amount. In a one-off application of the game, it is "Nash-optimal" for the second player to accept any non-zero amount the other player offers. However this is [not what happens in practice](http://papers.ssrn.com/sol3/papers.cfm?abstract_id=286428). The average offer is 40% of the total and 16% of all offers are rejected. + +**But disagreement with experiment is only the start of the problems for the Nash equilibrium concept**. + +Consider the game called the **[traveller's dilemma](http://en.wikipedia.org/wiki/Traveler's_dilemma)**. A referee asks two players to write down any dollar integer between 2 and 100 without conferring with each other. If both write the same number the referee will pay each of them that amount. But if they write different numbers, he will pay both of them the lower number along with a bonus and a penalty. The person who wrote the lower number will get $2 more and the one who wrote the higher number will get $2 less. For instance, if Player 1 writes 46 and Player 2 writes 89, Player 1 will get $48 and Player 2 will get $44. (For a more extensive and informal discussion of the game and its consequences see [this blog post](http://blog.adamnash.com/2007/11/13/the-travelers-dilemma-irrational-choices-altriuism-or-implicit-collusion/). To try a simulation of the game yourself [go here](http://veconlab.econ.virginia.edu/tddemo.htm)). + +There is one unique Nash equilibrium for this game - both players write down $2. Yet this seems to defy all common sense. They could have both offered much larger numbers and both have been much better off. In fact this is **[what happens in live experiments](http://docs.google.com/leaf?id=0B5in3UhbNXiJNmM5MTg1NWEtMjc2Ny00NDRjLTk2NDAtNjNmYmIyODg3MWZk&hl=en)**. According to the theorists, this implies that humans are simply *not rational*. (For a detailed description of the problem and proposed resolutions, see **[this seminal paper on the problem](http://docs.google.com/leaf?id=0B5in3UhbNXiJNjVkMWUyZjQtOWE4Ni00MmRiLTlmN2YtMmRhOGU2YzFhNDEz&hl=en)**). + +[Douglas Hofstadter](http://en.wikipedia.org/wiki/Douglas_Hofstadter) (author of *[Godel, Escher, Bach](http://en.wikipedia.org/wiki/G%C3%B6del,_Escher,_Bach)*) proposed a new definition of rationality he called [superrationality](http://en.wikipedia.org/wiki/Superrationality) whereby each player knows not only that his behavior is rational, but that the behavior of all players is rational, and all players know that all players are rational, and all players know that all players know that all players are rational, and so on. Hofstadter reasons based on this assumption, that superrational players would for example, agree to collude and keep silent in the [Prisoner's Dilemma](http://plato.stanford.edu/entries/prisoner-dilemma/) game (in which the unique Nash equilibrium suggests that both players should confess). + +In my mind, if game theory analysis can yield results so plainly counter-intutive as that of the traveller's dilemma, what confidence can be had in equilibria analysis of more complicated games? Is the game theory definition of *rational* - naively and selfishly trying to best an opponent to improve one's own localised outcome - in any sense valid? What do our readers think? +For those who have browsed /new for a while, you've surely seen people asking a question that has been asked multitudes of times. And maybe it's ~~possible~~ probable that they can find the answer with a bit of search engine use. + +If you feel compelled to pop off on them for asking, then please just scroll by and let someone who has more patience than yourself answer the question. By being a jerk, you are discouraging a likely share holder from being a prepared and informed ape. + +This sub has a bad reputation for people ridiculing others less informed. Let's fix that, and in the process make for a better informed group. +Hi all. I was wondering if you could provide some perspective. I am a 30 year old scientist.I am not close to FI but I recently realized that I am in the position to be there in about 5-7 years if I keep plodding along in my very stable job. However, this realization, while it is something that I always wanted, is making me much less motivated to get anything done. I could phone it in and probably do fine until I RE. + +I guess I was wondering if you had any advice. I feel conflicted because I should be celebrating this but at the same time I feel very sluggish and unmotivated now and for some reason feel bad about that. Any book recommendations would be helpful as well. + +Thanks! + + +EDIT: I just wanted to say thank you to everyone who provided some insight. I'm glad to know that a lot of people can relate to this. Collectively, you've all given me some really helpful things to think about. +After showing her Pulte’s Twitter feed she was convinced. She said “it seems like you guys have genuinely good people on your side. Those are the kinds of people I want to align with.” Being kind matters. Being generous matters. I trust all of you to make positive impacts on this world. And I’m happy to stand by all of you. +I’ve Ben watching a lot of biggerpockets on YouTube recently and even have been reading some of the books. I was wondering if anyone on here has started there journey with the biggerpockets advice or if I should take it with a grain of salt. +I'm obsessed. I even bring my monitor with me when I eat lunch. Just want ETH to MOON so badly past $1700 and onward to higher numbers. Dare we dream? $2000 or $3000. Or, do we dream big $5k-10K +Being new to this I started thinking about how i will be taxed each year from my portfolio. Right now my portfolio has 20 total holdings (looking to add some more) 3 of which are ETFs (SPYD, SCHD, DGRO). So I have a few questions about investing in regards to the topic of taxes. + +When it comes to paying taxes each year on an individual brokerage account, how much is taken from earnings? + +Do ETFs offer a "hedge" against how much you pay in taxes each year? + +Are there any specific holdings most investors have, or specific strategies you guys use to reduce the amount of taxes you pay each year from your portfolio. + +Thanks in advance for the help +Hey guys, + +I won't go over my entire life story why I'm still living at home being the age I am, but I have some points of anxiety when it comes to committing to the idea of getting my own place. + +* Right off the bat funds and income are not currently an issue, I have nearly 50k in the bank and am earning 4k per month take home pay in a secure job. I understand that my financial situation will change once I'm more independent. From what I've read here and other places I should aim to not spend more than 1/3 of my income on rent, so this would approximately be around up to \~$320 a week. I have no other sources of income as I've never really had the nerve to try investing. +* I've never needed to have my own credit card and have only ever paid for things in full from my bank account or on a direct debit from there. Will I even have a credit score considering this and will it impact my ability to find a place? +* Considering the current climate of the pandemic is now even a good time to consider moving? I'm in the Brisbane area around 40 minutes away from the CBD. I figured it'd be nice having a place close to the CBD (I need to go there for work sometimes). I'm not sure how COVID has impacted the property market here. +* I'm not sure if it's best for me to rent out an apartment alone or house with roommates, one of my main concerns is having a quality internet connection as I work from home and also do quite a bit of recreational activities online which doesn't seem achievable with an apartment situation (unreliable / high traffic wi-fi). + +Thanks in advance for any insight you guys can provide. +I'm so frustrated. They had me working 3 shifts before Christmas but when I checked my schedule today all of the shifts were gone. I asked my manager and they said they had to cut hours. + +I'm already behind on rent and know I won't be paying rent for January until mid-January where my entire student loan refund check will go to back rent. I'm also behind on several other bills and am in need of gas, food and dog food as usual. + +I just turned down another job because I felt I couldn't balance both because this place was finally starting to give me hours. I'm beyond pissed. The fact that I could sit home and make more getting unemployment is crazy to me. + +Thanks for letting me rant as usual... hopefully y'alls days are going better than mine. + +Edit: I didn't expect this to blow up. Thank you for all of your kindness and advice. It also helps a little to know I am not alone. I appreciate you all and happy holidays. +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. :) + +[The original VGH post](https://www.reddit.com/r/Superstonk/comments/qnam2x/superstonks_very_gmerry_holiday_vgh_for_short/) (instructions updated) + +[Link to donation page](https://marinetoysfortots.salsalabs.org/2021marinetoysfortotscrowdfunding/p/VeryGMerryHoliday/index.html) + +(**EDIT:** Links to [$GME Daily Discussion](https://www.reddit.com/r/Superstonk/comments/qtlx63/gme_daily_discussion_new_to_the_sub_start_here/) and the [DRS Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/)) + +We’ve raised 59K so far from over 825 Apes!! THAT’S. INCREDIBLE. Absolutely incredible! That’s about an average of $71 per donation! Do you guys think we can hit the 10% ($74k) mark this weekend? + +**PINNING NOTE:** This VGH update will be pinned from market close Friday to Sunday night. It’s the weekend. Markets are closed. Chill out about the pins already smh + +**ANONYMITY NOTE:** Reminder that if you want to remain anonymous to the VGH Committee then please use ANON APE as your name. Many have used their real name in “Your Info”, but please only do so if you are comfortable with that. + +**USER FLAIR:** + +[If you want this flair then please comment !VGH! under another !VGH! comment so it keeps the thread streamlined.](https://preview.redd.it/5ic1m2fnw6z71.png?width=234&format=png&auto=webp&s=30c668e432092b50d0e4e56929c7a265eee020d2) + +Anyway, trying to keep this as short as possible. The original post with the in depth instructions is linked above. If you have any further questions then you can ask one of us committee members...which reminds me! + +I just wanted to take a moment to recognize some of the Apes who have graciously volunteered their time for the VGH fundraiser. These are just the ones who have explicitly allowed me to post their name (there are more in the group). If you can’t get a hold of me with a question, then please reach out to one of these users and we’ll try our best to help you! You should also give them your thanks because this was not a mod-only initiative! They have been stellar and they continue to demonstrate how amazing this community is! + +* u/I_DO_ANIMAL_THINGS +* u/HelenKellerFakedIt +* u/adventureseekingali +* u/joeygallinal +* u/Dismal-Jellyfish (Moderator) +* u/BoltFlower + +NOTE: Unless noted, these Apes are NOT moderators so they cannot help you in any way regarding stuff on the subreddit itself. Just send them VGH related questions and comments please. And this is a reminder, if you’re harassing any of them, you’re banned 🔨 + +## International Apes: + +We’ve talked with GameStop and they’ve informed us the only real way to buy toys online and have them shipped to TFT is by using PayPal. Unfortunately, the same is true for money donations to TFT, PayPal is the only legitimate way (it also does not count towards our VGH total). We also don’t want to condone you guys using fake addresses and stuff because it will cause a headache somewhere in the supply chain and that’s not cool. Because of this, you guys basically have two different options to donate: + +* You can buy toys thru GameStop’s PayPal option and send it to TFT +* Or you can spend that money and generosity on your local communities! + +It feels weird that with the entire world facing its own societal issues, that we would try to funnel the world’s money to help only American families. We encourage International Apes to donate to your local communities and if you wish, you can include your receipts and photos in the hype for the VGH posts! It’s the Season of Giving! And we support giving everyone a Very GMErry Holiday! It's your money, it's your choice! Just spread kindness! + +## Donating Time (Phase 2) + +Here’s an update on setting up the TFT boxes in GameStop stores. Some of you guys have gotten green lights and are setting up your boxes soon. Awesome! But some you have also said the stores are waiting for guidance from up the ladder before they can allow the boxes. We’ve reached out to GameStop corporate ([donations@gamestop.com](mailto:donations@gamestop.com)) and, because it’s a different contact than the person we’ve been connected through, we’re still waiting for a response. We just want you to be aware that if you make contact with the stores, you might get stuck in limbo for a bit, but we’ll update you as soon as we can. So give it a shot and if it’s successful then great, but if they give you pushback then hang tight! Hopefully GameStop corporate gets back to us soon so we can give you guys more guidance. + +We would also like to be clear about where the toys that will be delivered to the Ft. Worth TFT will be going. **This TFT chapter only serves the greater Texas area and so we are looking to branch out destinations for toys to be sent.** We need to confirm whether certain chapters are able to receive packages regularly (this is separate from the boxes in the stores, most locations won't be able to provide this mailing thing). Our current goal being to spread the distribution of mailed toys to as many areas of the US as we can. To do this, we would request your help in contacting your local TFT to see if they can receive mail. If they are able, please contact one of the VGH committee members with the address information to update the post. + +https://preview.redd.it/t98hjpmry6z71.png?width=1573&format=png&auto=webp&s=2917f9fa4a9db0bda19c225909876ff70354d2ec + +**This is a map of the US. Those red dots are GameStop distribution centers. It would be awesome if we could link up with a TFT chapter near them that could take mailed donations so we can widen our areas and affect more local communities!** + +**Distribution Sites** + +* Grapevine, TX (already covered with the Fort Worth TFT) +* Shepherdsville, KY +* York, PA + +## Phase 3 (AKA very ambitious goals, not sure if it’ll work out, but we’re putting this out into the universe and seeing what magic ensues ¯_(ツ)_/¯): + +These are the biggest cities by population in the US. We want to link up with at least one TFT chapter that can take mailed donations in each of these areas. Basically if any of you guys were planning on coordinating a box in these areas anyway, then it would be super helpful if you also asked if they could take the mailed donations. Thank you! + +* New York City, NY (Population: 8,622,357) +* Los Angeles, CA (Population: 4,085,014) +* Chicago, IL (Population: 2,670,406) +* Houston, TX (Population: 2,378,146) +* Phoenix, AZ (Population: 1,743,469) +* Philadelphia, PA (Population: 1,590,402) +* San Antonio, TX (Population: 1,579,504) +* San Diego, CA (Population: 1,469,490) +* ~~Dallas, TX (Population: 1,400,337) (already covered from Ft Worth TFT)~~ +* San Jose, CA (Population: 1,036,242) + +## To all the people crying that this is a distraction from DRS’ing, I have this to say: + +GO BUY TOYS FROM GAMESTOP BECAUSE IT’S ALSO IMPORTANT TO THE BIG PICTURE OF THE COMPANY. + +https://preview.redd.it/jqs39kziymz71.png?width=712&format=png&auto=webp&s=99c14c0e8b4c5aa490279120d862082b4e5af076 + +Also this meme was made with you in mind <3: + +[REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE](https://preview.redd.it/iuceufixy6z71.jpg?width=640&format=pjpg&auto=webp&s=88152e8c14fde9d5cd3a2e3060bbe1823a3afbab) + +## Our Questions for the Apes + +* Can we get some updates from people who have reached out to their local stores so far? What has your experience been like with getting it off the ground? What hurdles? Please comment below or contact a committee member! +* Do you guys want us to change the donation goal? We understand that this monetary goal takes money away from spending towards GameStop so we want to get community feedback to see where y’all are at. We can still change it to whatever we want. Or do you like it the way it is? Let us know! +* How often do you guys want updates? Right now, we’re just doing them when we find more important info to give you but we can also do more frequent price updates if that’s something you want? + +# FAQs Frequently Asked Questions: + +## Is the money going to GameStop? + +Clearing up some confusion: The money goal isn’t going to GameStop. I literally wrote that in the original piece: + +https://preview.redd.it/s6gef519z6z71.png?width=688&format=png&auto=webp&s=b9503c3ec8398c40335880e56ae861a0fd226910 + +## How do you pronounce “GMErry?” + +It’s pronounced Merry. Because real G’s move in silence like lasagna. + +## When filling out the application to volunteer, the first line asks for a group/association name. Are we putting Superstonk? + +No, just volunteer as your own individual self, a member of your local community. If you want to talk to people about GameStop then by all means, but do not feel pressured to do anything on our behalf. And thank you so much for volunteering! + +## Can we work with Toys for Tots Canada? + +We looked into it and unfortunately, it’s two completely different executive boards and logistics chains. If we were to try to do TFT Canada, we’d basically have to start from square one on another program and that’s just biting more than we can chew right now IMO. Sorry for the disappointment. + +## How do I apply to become a TFT household (request to receive toys)? + +[https://www.toysfortots.org/request\_toys/Default.aspx](https://www.toysfortots.org/request_toys/Default.aspx) + +# That’s it for this update. Let us know if you have any questions! Thanks! And have a Very GMErry Holiday! +Hi All, + + +As stated in the title I will be spending around £10k on new household items like beds, mattresses, and other house related items. + + +What is the suggestion to maximise rewards on spending this amount? My thoughts are referring my partner to sign up to an AMEX, then spending all of the amount on her card (paying it off immediately of course) to optimise the referral points and the points earned by spending. Any other ideas? +https://www.wsj.com/articles/democrats-salt-tax-cap-high-earners-11635460218 + +Sorry for the link. I would have copied the complete text if I had access to WSJ. + +> WASHINGTON—High-income coastal professionals look likely to emerge as significant winners from the Democrats’ proposed tax agenda, escaping rate increases and regaining a deduction for state and local taxes that was capped at $10,000 in 2017. +> ... +Housing prices in my country (Estonia) have increased dramatically in the past few years, so I've been thinking that in the long term it might make sense to own rather than rent. I'm aware that right now it's a "seller market" so I'll just keep saving for a few years. But how do I know when is it a "seller" vs a "buyer" market? Does it make sense to wait for a buyer market? +Hello, + +Wirecard is Transferwise's debit card issuer. Any idea on how the Wirecard scandal might affect Transferwise? As a Transferwise user, should I worry about anything? + +At this point, what are the possible outcomes for Wirecard and its business partners in general? + +Thanks + +Edit: u/santabrianza in the comments section says Transferwise denied the partnership, which contradicts the articles out there about the topic, so there should be nothing to worry about! +* Yellen again reiterates that the focus now is not on tax increases, but rather on relief programs tied to the pandemic. +* Yellen says that technologies in **terrorist financing** change over time, and response also needs to change with it. She noted crypotcurrency as an area of concern for terrorist and criminal financing. +* “I believe the future is likely to bring **low interest rates for a long time**,” she said, adding it is possible for rates to rise. +* “I think we should take these risks very,very seriously. I think **climate change is an existential threat**.” +* “I would be very pleased to take a look” at **issuing longer-term debt**, including a **50-year Treasury bond**, she says. +* **Yellen goes on the offensive here over the question of the minimum wage**, saying the latest research shows only “minimal” job losses in states that raised their minimum wage levels. +* Grassley said he’s “closely examining” Biden’s $1.9 trillion stimulus plan. He says the plan doesn’t appear to be well targeted and says it’s **important to “focus efforts” on pandemic relief and not enact a “laundry list” of liberal reforms.** +* This appears to be a stab at the plans inclusion of a $15 federal minimum wage in the plan. +* She says there would be money for small business, grants to small entrepreneurs, eviction protections, nutrition assistance, paid leave -- all things to help minority communities. +* To **not spend more on pandemic and economic relief would leave the economy worse off**, she said. She said without deficit financing this aid, the economy could have long run problems and “scarring.” +* She says she is concerned that China is investing in electric vehicles and that most of the EV sales are projected to be in China in the coming years. +* Yellen says that they would not seek to roll back the 2017 tax cuts “now” while the economy is still struggling. +* Yellen says **the value of the dollar should be determined by markets, and the U.S. does not seek a weaker currency to gain a competitive advantage.** +* Some hedge funds have “dangerous levels of leverage,” Yellen says. +* Grassley says he’s told Yellen that **it would be a “big mistake” to raise taxes on individuals and businesses during a pandemic.** + +These are the most outstanding things that came to me for investing. + +***TL;DR MORE STIMULUS, MORE GREEN INVESTMENTS AND POLICIES AND COMPETING WITH CHINA, UPCOMING CRYPTO POLICIES, TAX CUTS ARE HERE TO STAY FOR THE PANDEMIC.*** + +GOOD LUCK IN INVESTING. I HOPE YOUR AND MINE GREEN INVESTMENTS MOON! +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256. + +**Edit 23 4:00PM:** + +Ending around 156.08, down 6.28%. An expected pullback. Perhaps we will bounce tomorrow. See you all tomorrow! + +**Edit 22 3:38PM:** + +Bit of a pullback after that last climb. + +**Edit 21 2:54PM:** + +Power hour: + +[https://www.youtube.com/watch?v=BBq13zh1DQY&ab\_channel=WardenElite](https://www.youtube.com/watch?v=BBq13zh1DQY&ab_channel=WardenElite) + +**Edit 20 2:06PM:** + +Aw man I had my popcorn and fries ready. Stock at 161.67 right now. Can the show start :) ? + +**Edit 19 2:02PM:** + +Significant buy volume >100k. Will it be sustained though? + +**Edit 18 2:00PM:** + +Big green candle. Show finally starting? + +**Edit 17 1:48PM:** + +\------------> + +**Edit 16 1:12PM:** + +Volume picking up. Bit of an upside breakout/mean reversion. + +**Edit 15 12:25PM:** + +Well helloooo there Mr. Wedge. Volume too low as of now for a major breakout. If volume kicks back in, perhaps we can see an upside breakout. + +https://preview.redd.it/whcgi9yn5dt61.png?width=2144&format=png&auto=webp&s=4208b49542dd4313ad127bd92996250fb43c859f + +**Edit 14 12:09PM:** + +The Call inventory has significantly expanded since yesterday. 3,000 extra calls placed at the 200 strike. + +https://preview.redd.it/a9spt8wv2dt61.png?width=1166&format=png&auto=webp&s=9b670c8923301162f8aa13b29cb81ea92a7f6498 + +**Edit 13 11:59AM:** + +This particular line, resistance of the wedge is now acting as a support line. We could continue inching lower through the day. + +https://preview.redd.it/p246sjc51dt61.png?width=2143&format=png&auto=webp&s=2d019834f98f7000a74f3ddd5ab0ab45c09f9bf6 + +**Edit 12 11:48AM:** + +Option volume still pretty low. I feel as if most of the action has not yet started. Volume also sitting incredibly low. + +**Edit 11 11:32AM:** + +Volume dried up, less than 10k a minute. + +**Edit 10 10:58AM:** + +150 strike Calls were bought. + +https://preview.redd.it/bci67zs1qct61.png?width=2278&format=png&auto=webp&s=e1a97ffd6867ffe858734dcb0eb9014980a2c7cb + +**Edit 9 10:22AM:** + +Majority of those Calls are sold. Either sold to close or short Calls. + +**Edit 8 10:20AM:** + +https://preview.redd.it/0phtzkcfjct61.png?width=2475&format=png&auto=webp&s=4ef777a156a6f74b430d9567a2d1ebad0c8f97b8 + +**Edit 7 10:15AM:** + +152.5 support is next. + +**Edit 6 9:51AM:** + +We're moving below that channel right now, but we can end up spending a lot of time bouncing in that channel. + +https://preview.redd.it/ahogtb84ect61.png?width=2140&format=png&auto=webp&s=dddaf02f2a860fdeaea596ff8b4bac1898bf54f9 + +**Edit 5 9:45AM:** + +Dip ended around 9:45AM. + +**Edit 4 9:41AM:** + +Typical 9:50AM dip. + +**Edit 3 9:38AM:** + +Let's wait for 10AM when the action will probably start. + +**Edit 2 9:31AM:** + +210k volume first minute candle. Pretty low. + +**Edit 1 9:25AM:** + +[https://www.youtube.com/watch?v=w7EfXKpW1PQ&ab\_channel=WardenElite](https://www.youtube.com/watch?v=w7EfXKpW1PQ&ab_channel=WardenElite) + +# Begin Reading Here + +Gooooooood morning my fellow apes! + +It's McDonald's Day! I'm gonna celebrate with some nice large fries and an ice cream sundae. + +&#x200B; + +https://preview.redd.it/yt44g0hm8ct61.png?width=1920&format=png&auto=webp&s=3669640786481afeaa708a3e33c0c8f87c69df40 + +# Premarket Analysis + +Bit of a small skirmish premarket. GME gapped and was immediately shorted down. + +https://preview.redd.it/9lwg68u39ct61.png?width=2140&format=png&auto=webp&s=20ceb6065f65cb56277d1aa42760727f9cc5baf8 +&#x200B; + +https://preview.redd.it/vgs1850fh5x61.jpg?width=637&format=pjpg&auto=webp&s=636737f1f9e3a3868529aedd5821953027ab10ca + +Give a follow to [ZionLion](https://twitter.com/ZIONLIO29288757) for his Twitter DD + +SOURCE: [https://www.tradersinsight.news/traders-insight/securities/securities-lending/securities-lending-report-4-26-21-4-30-21/](https://www.tradersinsight.news/traders-insight/securities/securities-lending/securities-lending-report-4-26-21-4-30-21/). +If you need help getting started I'm happy to answer questions here or on twitter and you can read my beginners guide to ether investing, 50 pages and very comprehensive, for free here: https://www.ethadvisor.com + +Again, welcome to the community and we are all glad you're joining us!! 😎🤘 + +Whats up cucks. + +Choppy markets, short term rallies and the likes of which we are seeing now can create good opportunities for traders. Recently, I've put a few posts up about things folks might find interesting or useful in this different market environment. + +&#x200B; + +\- [A crash course in Inverse funds](https://www.reddit.com/r/ASX_Bets/comments/t72vzi/market_volatility_a_crash_course_in_inverse_funds/?utm_source=share&utm_medium=web2x&context=3). This one went up when the XJO closed at 7,111 points on march 4th, 2022. October 28th see's us closing at 6,785. Within that span, we have been as high as 7,593 and as low as 6,430. The yank markets have been more volatile, so if inversing is your brand of jeopardy there has been amply opportunity to cash in over that period. + +&#x200B; + +\-[Market volatility and swing trades](https://www.reddit.com/r/ASX_Bets/comments/thl068/market_volatility_so_who_is_into_swinging/?utm_source=share&utm_medium=web2x&context=3). This one goes through the basic dynamics of a swing trade. As above, there have been many opportunities since this post went up to practice and (*ideally*) successfully execute the trade. + +&#x200B; + +So this is the next one, we are looking a bit more deeply at technical analysis with pretty pictures and all for the visual learners amongst us. Those last posts are fairly general, this one gets specific. (*Not super specific, you can seriously go down the rabbit hole with the witchcraft.)* + +We are going to go for a little walk through one of my stonks and I'll point out what I was looking at regarding technical indicators. + +&#x200B; + +**WHAT THIS POST IS NOT** + +&#x200B; + +**- As always, this is not financial advice.** The stonk below has been an absolute fucking dog since March. I've used is as my example because I've traded it and I know it pretty well. + +\- This is not a debate on the merits of TA. Have your opinions, thats great. Also, the charts below are snips of a larger story. (***For the TA savvy amongst us, try not to take them out of context. I've included a pretty pic of buy/sell signals because I'm aware that some of my charts below do not demonstrate them perfectly. (Its the vibe man, thats what I'm attempting to demonstrate.) I've added bits and pieces to make a point here and there, so don't get all pissy...****.*) + +\- I have missed a **KEY ELEMENT** in the post below, that being **VOLUME!!** Volume is a post on its own, but the **TLDR** is volume is key. + +\- This post also doesn't take into account a trade that I have fucked up. I'll do that one later, an example of how I interpreted the indicators incorrectly and lost money. + +\- I'm attempting to walk a line between technical but also not too technical. Super technical can be like jibbersh, not technical enough can be useless. How well that translates remains to be seen. + +&#x200B; + +So, without further preamble lets dive into a little section of my trading journey through my fav bio speccie, IHL and focus in on **2** things: + +**1 -** My first big buy in and why from a technical perspective. + +**2 -** My first short term trade and why from a technical perspective. + +&#x200B; + +**IN THE BEGINNING...** + +&#x200B; + +I went back in time and found my original purchase of IHL. I got in pretty heavily at 5.7c on the 24/09/2020 (*settlement date*). Lets have a look at the chart: + +https://preview.redd.it/5bp6p5g4awv91.png?width=1366&format=png&auto=webp&s=96251540828b997a7e400d61c4638c8c5a1e116f + +At this point in time, I'm looking to load a big position at a good price. I've already done a shit-ton of [fundamental analysis](https://www.investopedia.com/fundamental-analysis-4689757) on the company which I'm not going to lay out here because the purpose of this post is not to shill IHL (*very speculative biotech/very risky/very high probability of failure/dogshit market right now for speccies),* so lets zoom in on that chart and look at the technical indicators that told me now was the time. + +https://preview.redd.it/eoqawssocwv91.png?width=1366&format=png&auto=webp&s=57c841f36ab801555a91c2fde4bb45a43bdcecd1 + +&#x200B; + +So what the fuck am I seeing here? I'm seeing a breakout of a price trend coupled with some timely hype and announcements. Like I said above, I'm looking to load up a big position at a good price and this was the time for me. Psychologically, its a much better feeling to see good short term return on a long term investment, even though that type of thinking can be counter-intuitive at times. But I wanted to buy a big position before what I thought would be a decent break out because for me personally, it makes it easier to lock that long term position away and then concentrate on building some fast wealth on the short term trades. Others have different methods. + +I did say this was a life in pictures type deal, so here are a few more that explain what those weird words I scribbled on the chart are. + +&#x200B; + +**WHAT IS A CANDLE?** + +&#x200B; + +This is a candle. More or less. + +&#x200B; + +https://preview.redd.it/yoh4jce8ewv91.jpg?width=640&format=pjpg&auto=webp&s=976fead543af1e12afafe605748b251096566e0c + +**WHAT IS A DOJI?** + +&#x200B; + +A doji is a different type of candle. Sort of. Doji signals can mean different things, here is a [great link](https://www.elearnmarkets.com/blog/doji-candlestick-pattern-formation/) that explains them. + +&#x200B; + +https://preview.redd.it/zxzx66x9fwv91.png?width=1366&format=png&auto=webp&s=9f9c8cdb82fc9dcd1adf6ffc9c2612fc7032ed9c + +If you notice on the chart, I've highlighted 3 dragonfly doji signals that happened before the leg up and buy time. So if you're only planning to skim read that link, maybe focus on the dragonfly doji explanation and what it can indicate. + +&#x200B; + +**WHAT IS A BUY OR SELL SIGNAL?** + +This is the part that can go on and on. I'm not getting into this too heavily here, I do try and keep these posts sort of bare bones and relevant to generalized trading. Below is a pic that give you a look at some of the more common signals the voodoo folk use. Call it bullshit all you want, traders use these signals and those people create patterns of behavior that are expressed in the charts. + +https://preview.redd.it/snntd6jw9aw91.png?width=1140&format=png&auto=webp&s=86de916f17fed1733dd6ce88d42a56e74c705f7a + +&#x200B; + +**THE FIRST SHORT TERM TRADE** + +I executed my first short term trade on IHL between October 5th and November 29th in 2021. The main reason I took so long was because this tipped me over the 12 months CGT threshold on my main hodling. It's one of my quirks, I like to get my main hodlings squared away and past any barriers before I fuck around with a stonk again. Why? Mainly because over the years I've paid attention to my own habits and learnt what works and what doesn't. I'm in a clearer frame of mind trading an individual ticker I have a big position in once I've ticked those boxes, so I don't rush things. + +Lets check out the graph and see what we see... + +https://preview.redd.it/o14c51dipwv91.png?width=1366&format=png&auto=webp&s=900a520b6e83e1dab9472c8f1c671e9651761463 + +Looks sexy right? Well, look closer. From the last leg up, it was hovering above something called the 0.618 Fibbonacci level. Want to know what that means? Here is a great link to [Fibbonacci numbers and their relevance](https://www.investopedia.com/terms/f/fibonacciretracement.asp). The salient point for this trade was that the stonk has experienced a good period of consolidation above the 0.618 level. It has re-traced on low volume a few times and each time the retracement had been rejected. Couple that with significant sector hype, a bullish market and a few others company specific landmarks this gives me a good indication that the next leg up might be explosive. + +And I want to get me a little taste of that explosive pop. + +On October 5th, there was a crossover coming on the [EMA](https://www.investopedia.com/terms/e/ema.asp) (*Those are the funny squiggly lines that trend along the graph, you can turn them on yourself in commsex by searching ''upper indicators'' and ''EMA''*), another rejection of the level and some good volume on the market buying. I can't remember exactly what the [VWAP](https://www.investopedia.com/terms/v/vwap.asp) was, but I remember setting a price of **0.34c** and it got hit about a week later. My price target for this trade was **50%,** a goal of **51c** as the sell price. *(I didn't make that price up randomly either. I used a different set of technical shit to set a sell price, but they are not shown here.)* My main hodling isn't being touched and I'm ok adding these shares to my main hodling if the breakout I think is coming doesn't happen. So on this trade, I have no stop loss for this reason. + +As you can see, there was a little dip during this 8 week period, so I had to be fairly confident with my targets. The pull back was on low volume and finally it hit my 51c target on November 29th. I actually pulled my sell order initially because I was getting greedy and missed my price target on the 4th of November, but ended up pulling my head out of my ass and selling for 52.5c, a total gain of 54.4% for an 8 week trade. An important thing to note here is the gap up from 29/10 to 1/11. I thought that was the ''explosive'' element I was referring to above, I was wrong. + +&#x200B; + +**WHAT DID I MISS?** + +&#x200B; + +Well, I missed 3 things. Firstly, I missed my price target the first time it was hit, which is a **no no** for short term trading. So that was a lesson learnt. Lets pull up the chart period from the 4th of November to the 29th of November more closely to see the other 2 things I missed: + +https://preview.redd.it/u5j2toomqwv91.png?width=1366&format=png&auto=webp&s=e962235af127574a70489d39fb3c039d64821139 + +**Number** **1** was a clear rejection of what looks like a good buy signal, but at the top of the Fibbo trending range. You can endlessly debate this stuff, but those 3 green soldiers (*although quite weak*) can be look like a buy signal, alternatively with the rejection it can look like a hanging man (*Yes, I know the bottom wick is missing for the super technical*). The point is I should have been out of this trade already, but foolishly held on further than my target. Once that signal was rejected with that fat red candle, I had to wait for that next unfilled green candle to sell at 52.5c, but by this stage that price range was becoming exhausted. So, I got lucky on my sell because I got greedy. + +**Number** **2** thing I missed for a short term trade was the gap up. Again, we can see our stonk bouncing nicely off that 0.618 fibbonacci line right before the explosive gap up I thought had already happened back on the 29/10 to 1/11. Catching those signals would have given me 2 more options. Firstly, another trade from 0.49c to 0.71c (45%) or a chance to take my original trade from a 54% gain to a 108% gain. However, catching the 108% gain would have made my ignoring of my price target on the original trade seem like a good decision. That time it would have been, but ignoring your rules is a long odds bad game to play. + +&#x200B; + +**WHATS THE UPSHOT?** + +&#x200B; + +The 2 scenarios above demonstrate looking at the technical indicators for different reasons. One for a long term load up and one for a short term cash out. You may think TA is a load of bullshit voodoo tea leaf reading hippie crap and thats fine. It's generally the stance I hear from anyone who cant be bothered putting in the effort to learn a bit of it. Personally, I'd prefer to make money. + +&#x200B; + +I have mentioned this before, but I also have a large hodling in **AFI**. Yes, its a total boomer stonk but its not for me, I use the **DSSP** because I have a long term financial plan. I routinely buy AFI, but I think the ''just buy *(insert boomer ETF here)* at whatever price because in 6,000 years the buy price won't matter is a lazy and shit mentality.'' Before I make a purchase, even on a boomer ETF, I look at the technical shit because I want to increase the odds to get the maximum out of my investment. + +&#x200B; + +Having said that though, these are indicators only. They can be wrong and you can read them wrong. But learning some basic indicators, some basic Fib numbers and some basic support/resistance clues should help you increase the odds of being in the green. Don't believe me, ask the person who bought **ZIP** at $14.00 thinking it would go up and up. + +&#x200B; + +The other salient point before we close is that each individual ticker has its own nuances. Watching IHL for years and performing a number of successful swing trades while keeping my main hodling out of the loop has taught me that when the volume and sentiment was good, it tended to coil up and explode. That being the case, often the technical signals were neutral when taken as a singular buy/sell signal, but when read in context with the way this stonk behaved it told me something else entirely. So, when they say ''*the trend is your friend'*', they aren't fucking lying. + +&#x200B; + +You can take technical signals and arbitrarily apply them to any stonk if you like. (*lots of good TA traders do apply them to any stonk, but its not arbitrary. They scan for OBV and then apply the technical's without having any idea what the ticker even is*) but unless you are very disciplined then this can go bad fast too. Personally, I have found more success in concentrating on a few specific ones and attempting to understand them. + +&#x200B; + +**FINAL WORD** + +This stuff, take it or leave it. It's not advice, a recommendation or a suggestion. You may find some benefit or you may not. + +I'm going to link a [conversation](https://www.reddit.com/r/ASX_Bets/comments/ybvc1r/comment/itjbn9r/?utm_source=share&utm_medium=web2x&context=3) I had with u/yothuyindi a while ago because I still thinks its accurate. I made the point above about not explaining volume in this post, but its of absolute importance. The market is dogshit for volume right now and has been for a while, so take that into consideration before any trades. + +&#x200B; + +**TLDR:** Learn to read squiggles, make money maybe. Don't buy **ZIP**. +A little bit about our situation. I will turn 30 this year, wife 28, first child due in august. 3 years ago our household income was 100k, approx 100k in student loans and another 30k in consumer debt at that time. We live in LCOL area, median household income where we live is 50-60k. Wife started online side hustle in her newly found extra free time at home when covid hit and remote work started. 6 months later I quit my job to come help her, 6 months after that she left her full time job. Our side hustle has turned into a real life business, 6 full time employees, 6 part time contractors, $3.6M in top line revenue last year and $2.2M in profits. The business is still growing in revenue numbers every month and at this point things are close to being on autopilot (20-30 hrs week combined) unless we continue to expand our offerings. Today we have a liquid portfolio of approx $1M and additional $500k in real estate equity between our primary residence and a single rental property. This year we are forecasting quarterly distributions up to 600k that will be invested directly, we intend to only live on our salaries for the next couple years. + +I recognize we are in an incredibly unique position, and it seems like there may be some people here who have similar experiences. + +&#x200B; + +Any advice on how to navigate dealing with people who are selling us on something? It really is true that the more people know you have the more they want. We have had countless meetings with wealth advisors, accountants, marketing teams, etc. All who are trying to sell us services, most of which we need, but deciphering who is worth their money/who is not has been a challenge. + +At what level of wealth is it necessary to begin looking for a super high level accountant? Any advice on that would be appreciated, as our business continues to grow we are more and more considering selling a piece/all of it. We anticipate this would create a $20-30M net windfall and the sooner we can start tax planning I think the better. + +How do you guys who have fatFIREd make friends or find social circles in your net worth class? It would be really nice to have friendships with people whom we can go have $100 steak with and not have to feel pressure to foot the bill, or know that this night cost our friends 3 nights somewhere else. We have found it difficult to find social circles in which we aren't either half the age of our peers, or we aren't worth 5-7-10x those around us. This disparity is growing by the day. Obviously we work from home on the internet, but I am concerned about our mental health if we were to sell the business outright and have a severe lack of a social life. + +&#x200B; + +Any and all advice would be much appreciated, on the questions above or anything you think we should know or consider based on similar experiences. +You may have read or heard that the DRS% has gone down from 55% to [48%](https://www.reddit.com/r/Superstonk/comments/wtt8hp/um_why_has_the_drs_tracker_dipped_below_50_have_i/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). + +Morpheus: “What if I told you the DRS numbers haven’t changed, the institutions have sold 20M+ shares in the last 3 months making it appear as so.” + +Keep in mind, the bot is a guesstimate and such my math is not using exact numbers but to my knowledge the formula checks out. + +Retail DRS # is still the same as it was yesterday (if not higher 😉). This means to lose a net 7% of free float DRS, the free float must be larger. How much larger? + +74665000(DRS💜)/55% 135754545 (old free float) + +74665000/48%=156148554 (current free float). + +It’s not actually quite 48% so the math doesn’t 100% check + +Empirical commander: “it’s bad math but it checks out” + +How does that happen? (I wish I had the scource for this) but basically institutions sell into our pool. This sale, and sales of this type, are reported every 3 months. Meaning over the last 3 months they have sold the difference in free floats. + +156148554(new)-135754545(old) =20.394M shares sold by institutions + +How does this help retail? +A: well before institutions sell they need to recall the shares. This positively impacts the price as the borrowers who’ve sold the shares need to go into the market to re-acquire these shares. Don’t believe me? Go look at the 3 month chart. + +To bring it back to the phoney 48%. Apes are not selling. Hedgies are, as they run out of shares to sell, recalls will force the price up. The only way to counter this positive price movement is to lend more shares to the shorters to be sold short. Tough to do when your pile of shares is shrinking. + +One could speculate on why they are selling (could be to establish liquidity as the broader market declines) but that’s not what this post is getting at. + +Edit: For those of you looking for a source on the reported institutional sales [here it is](https://fintel.io/so/us/gme) + +TLDR: DRS train is full track speed running smooth as ever and as the institutions sell off, the true longs will profit due to recalls 🟣🚂🤑. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Follow the golden rule. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- Referral to the /r/CryptoCurrency discussion thread is encouraged for deeper altcoin discussions. [See here](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/). +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. [See here](https://www.reddit.com/r/CryptoMarkets/comments/65n8z6/monthly_trollbox_thread_15apr2017/). + +*** + +Thank you in advance for your participation. Enjoy! + +Hi all, well i have this strategy on ETH USD 30 min chart. +https://i.imgur.com/uZW8nLU.jpg - chart with 100% use of equity + +https://i.imgur.com/UjMSIpU.jpg - same chart just fixed amount for every trade + +i have automated signals through alerts webhook. it trades automatically very nicely without glitches. + +But i started 20 days i ago and since then i experience only loss. like 15% less from my total balance in exchange. + +Why this happens? does strategy only optimized for the past? and for future it can preform extremely bad? +if i change time frame to 40 mins or to 15 mins all these results changes dramatically to negative values. it's like i applied my strategy to "future" chart if you understand what i mean + + +But at the end of the day i thinking if this strategy was performing so good in past year, why it cannot to coming year? it should. so i keeping my bot active and watching loss almost every morning with extreme anger +Hello, recently I've had a course during my degree which focuses on Kalman filters for quite some time +I was interested to know if someone has some resources (possibly brief) about how to apply them for market price forecasting + +Also interested to hear your personal opinions about +Hello, + +The only ETF that I own is SCHD (360 shares). Should I add something like VTI or VOO? I was thinking about it but they both look so expensive compared to SCHD. Whenever I have money I just put it into SCHD, instead of either of the Vanguard ETFs, because I can get more shares. +Thanks! +I just got off the phone with a Well's Fargo rep. After explaining to them what happened and asking for a refund on a fee, they offered me HALF of what they charged me. + +&#x200B; + +After I declined, they put me on hold and came back a few minutes later saying I got a full refund. + +&#x200B; + +So, if your asking a Well's Fargo for a refund they are expecting you to be stupid and spineless and accept the first offer. Don't! + +&#x200B; + +They are going to try to lowball you no matter who's in the wrong, don't go for it. +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 /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) +Just curious what everyone here is doing to protect themselves against the eventual correction in asset prices. + +A bit of context here: I’m a chartered accountant working in senior management at a real estate developer. I have experience in valuations across most asset classes (stocks / real estate / business valuations etc). + +This is the first time I have ever seen every single asset class so substantially inflated: stocks, real estate, crypto currency. Whatever it is, every asset class is at all time highs. We all know the reasons why this is the case: excessive money printing & all time low interest rates have created a yield hungry environment with inflated asset prices. + +I don’t want to waste time talking about why this is the case, but I would like to know, what are you doing to protect yourself against the eventual correction in asset prices? + +Quite honestly, I’m not sure what to do here. You either hold money in cash and risk missing out on further price appreciation, or you are fully invested and exposed to asset price corrections. Thoughts? +Good Morning Hodlrs, + +Wow. What an interesting few days we've had. Nonetheless, I hope everyone enjoyed their weekend and are as excited as I am to be back in the ~~casino~~ free-and-fair market. Let's jump straight in, shall we? + +First off, if you haven't checked our favorite Pomeranian u/Criand's latest post, [here it is.](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) TL;DR: T+21/35 is confidently dispelled, however Net Capital remains an issue in terms of maintaining SHF balance sheets to avoid Marge. With the latest options expiry (7/16), we should see the "puck" passed back onto SHF balance sheets, thereby **decaying the margin call threshold price** for our beloved stonk. Price go up = tightening of the noose. + +Okay, now for a couple disclaimers. This is not financial advice by any means. I am retarded in the most literal sense. Additionally, I know it's common knowledge that we do not use options when dealing with the stonk. **BUY and HODL** is all you ever need, BUT, I do not wish to simply throw out the conversation of options because there's some valuable information that can be gleaned by looking ahead into the options chain. Just because you don't trade options doesn't mean you can't use that information to further your thesis and strategies. + +To get straight to the point, **I believe we are in line to see a gamma squeeze this week**. For those of you in need of a few wrinkles, here's a [9 minute video](https://www.youtube.com/watch?v=sYvMZ9JHx4c&ab_channel=FluxTrades) explaining how gamma squeezes work, along with a few helpful other terms such as delta +/-/neutral & delta-hedging. Once again, I do not condone options trading. This is just a helpful resource to further your understanding. + +Real quick, let's jump back to last week's options expiry. I will be using [max-pain](https://www.investopedia.com/terms/m/maxpain.asp) as a sort of eyeball estimate to gauge sentiment on the stonk. What this means is I'm not diving into hard numbers and data-- that is for the Elders with many more wrinkles than I. *I'm simply eyeballing these charts and using what little braincells I have left to formulate some sort of sentiment on what people or institutions are betting on what the* *~~fake~~* *price will be.* + +&#x200B; + +[Wut doing?](https://preview.redd.it/x9yybt2qn5c71.png?width=1649&format=png&auto=webp&s=cb90feb0b5a1f13d2eba96f9b850615948930d84) + +If you've been living under a rock for the past 12 hours, we now know that there's not going to be a wellspring of FTDs streaming out of these expired OTM Puts-- however, settlement of these options (effective today) will put a significant strain on the balance sheets of whoever was using these PUTS to provide collateral to stave of Marge. + +Let's look at this Friday, 7/23: + +&#x200B; + +[Feel that warmth in your loins?](https://preview.redd.it/pf4fy9alp5c71.png?width=1644&format=png&auto=webp&s=263583c977c6ad3b875497bbd331a0f135cb1e76) + +Oh, oh my. And how do you gauge this sentiment? Extremely bullish??? APEISH??? This is what kept me up all night. And I pray that this is what's also keeping SHF up all night, too. What you're looking at is a MASSIVE BET that GME will moon this week. And if not this week? + +7/30 Options Expiry: + +&#x200B; + +[\\"Mr. Burgundy, you have a MASSIVE erection.\\"](https://preview.redd.it/711vlx3nq5c71.png?width=1644&format=png&auto=webp&s=c122ae944e94331c1f2f071ff1ee4f77859f47bc) + +What this is telling me (again, AT A GLANCE!) that the demeanor moving forward for GameStop is extremely bullish from an options standpoint. The entire global financial market is walking on the edge of a knife, and all it could take is one whale, one announcement, quite possibly even one *tweet* to get this ball rolling into gamma-squeeze zone. GME is in the bull's court now, and the cracks in the glass castle are widening-- soon the rocket will shatter the illusion, and the rest of house of cards to follow. + +TL;DR: Sentiment for GameStop is (and always has been) extremely bullish, however this week and next are prime set-ups for a gamma squeeze which will sling shot the stonk into the upper stratosphere and engage the MOASS thrusters. +(Bad) sign of things to come for Vegas? Surprised that Adelson would want to sell basically at the lows; things must be looking pretty bleak on the Strip to consider dumping Las Vegas. + +* * * + +REAL ESTATE + +News Wire + +Company News + +Investing +17m ago + +Adelson’s Las Vegas Sands Exploring $6 Billion Sale of Vegas Casinos +Gillian Tan and Christopher Palmeri, Bloomberg News + + + + +Pedestrians pass in front of the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Las Vegas Sands Corp. is scheduled to release earnings figures on October 21. +Pedestrians pass in front of the Venetian Resort in Las Vegas, Nevada, U.S., on Sunday, Oct. 18, 2020. Las Vegas Sands Corp. is scheduled to release earnings figures on October 21. , Bloomberg + +(Bloomberg) -- Sheldon Adelson’s Las Vegas Sands Corp. is exploring the sale of its flagship casinos in Las Vegas, according to people familiar with the matter, a move that would mark the mogul’s departure from the gambling mecca. + +The casino operator is working with an adviser to solicit interest from potential suitors, and may fetch $6 billion or more for its Vegas properties, said the people, who asked to not be identified because the talks are private. + +The portfolio includes the Sands Expo Convention Center, the Venetian Resort Las Vegas and the Palazzo. + +A representative for the company confirmed it was in very early discussions about a sale and that nothing has been finalized. + +A sale would result in Adelson, one of the world’s richest men, exiting the U.S., with his remaining casino assets concentrated in Macau and Singapore. + +Adelson is chairman, chief executive officer and a majority shareholder of Las Vegas Sands, which has a market value of $37.5 billion. + +The stock rose as high as 12% in after-hours trading Monday, after Bloomberg reported on the news of the deal. The stock had closed down 3.1% to $49.13. + +https://www.bnnbloomberg.ca/adelson-s-las-vegas-sands-exploring-6-billion-sale-of-vegas-casinos-1.1513344 +WSB isn't funny anymore. Simple as that. This place used to be the best place but its lame as shit now. If you disagree then that means you've only been here a short time. + +Anyone I talk to that joined this sub years back won't even revisit it. + +It's the same stupid comments every fucking post. + +"Stonks only go up" + +"My wife's bf this or that" (when its likely 99% of you are single) + +"Priced in" + +"Printer bullshit" + +SHUT THE FUCK UP. If you're laughing at these jokes then you're either actually retarded, or you're new. + +I miss when I would actually laugh at some these posts. Sort by all time and you'll laugh your ass off. Sort by new and you'll want to leave ASAP. +I know people are excited about recent developments but the battle is far from over. I’ve done my DD, I like the stock. I know most of you apes have too. + +These prank calls, flying drones, sending packages, have no benefit and can only hurt. + +There are adults in this subreddit with serious money on the line. We need this to be a place for serious DD and discussion. + +We can’t afford to have the sub being filled with this crap. At best it just distracts and buries good DD, at the worst it will be what gets this sub shut down. + +Mods please let’s make this a rule against this kind of behavior because it truly is embarrassing. + +Eyes on the prize, don’t fucking dance ! +Wondering how I can make even more money than the amount of money I made. 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Cooldown +Good Evening Folks! + +*Here i am again doing shenanigans with balance sheets and numbers!* ***I would like to thank everyone last time for replying and giving advices or pointing out mistakes and bs***; you can see the previous posts in another sub [*here*](https://www.reddit.com/r/investing/comments/y0tob8/intel_corp_stock_evaluation_tldr_3608_undervalued/)*.* + +*I am a Business Economy & Management Student and i recently found i passion for Financial Analysis, Indeed, i would like to become a Financial Analysts myself. I know i have lots to learn and many experience to cover, that is why i am practicing daily. I am sharing my exercises so i can get opinions, advices and indications, and surely this will help every one intended to learn and improve!* + +*Click* [here](https://docs.google.com/spreadsheets/d/1TQLUA4DW0MTjz-OY6EunKDqvCYFFdjLO/edit?usp=sharing&ouid=111541358396870593416&rtpof=true&sd=true) *to check the Excel file where i did my math* + +# Some Briefing + +I made adjustments and fixed some numbers from my last analysis. The Final Price is the average of all the evaluation methods listed. + +* *Graham Fair Value Formula* +* *CFO Evaluation* +* *Discounted Unlevered Free Cash Flow* +* *Dividend Discount Model* +* *Total Payout Valuation Model* + +**Changes from the previous post:** + +* **Use of Annual Data**: In the last one I used quarterly data and forecasted it as it was annual lol (what an idiot) +* **Use of Unlevered Free Cash Flow**: I used Free Cash flow to do DCF in the last one +* **Use of Growth Rate calculated by me** +* **Tax of 8.46%** calculated by me, in the last one i just guessed one randomly loool +* **Fixed Unlevered Beta**: Used MCap and Long tern & Short Term Debt to calculate Unlevered Beta instead of using Shareholders Equity + +**Final Introductory Notes:** + +* **I did not compare Intel to is competitors** nor the industry sector, i plan to, this is just a quick analysis +* **I didn't do the Scenario Analysis** to forecast the revenue from Intel's product segments, i factored all the possible variations in sales with a conservative estimate of the company growth of 0.71%, the number is based on its last year's net earnings. The growth rate of 0.71% is used in every valuation methods used. Note: Analysts growth rate for the next 5 years for Intel is: -0.16% +* To better calculate the growth rate, i need the percentage of earnings that are not distributed to investors. I calculated the retained one as 71.59% and the distributed portion of 28.41%. I am not sure if this is correct, thus i assumed a retention rate of 5% to be conservative, if you have some indication please do not restrain yourself thanks! +* In the Dividend Discount Model, i used the calculated company growth rate of **0.71%** and not the average of the last 9 years of 5.64%. This is due to the fact that i see it as an unreasonable growth rate for dividend for the next near future. This model is based of Gordon's Growth Model (with constant growth in dividend). +* **As Discount Rate, i used mainly CAPM** form most of the evaluation methods, even tho is calculated WACC, i used it only for the Total Payment Valuation Method. +* **I made also a Risk Analysis**, but i think it is fucked up, and thus it shall not be considered at all and skipped lol +* **Company has a cash burn rate of 0.50** and 6 months remaing, i dont know why, it seems odd not gonna lie but i still have to figure out what is wrong. Is is calculated on FCF of 9,662,000 thousands and Cash & Cash Equivalents of 4,827,000 thousands :/ + +# Fair Value + +|Method Used|Price| +|:-|:-| +|**Adjusted Graham Fair Value Formula**|$33.14| +|**CFO Evaluation**|$38.98| +|**Discounted Unlevered Free Cash Flow**|$19.22| +|**Dividend Discount Model**|$24.09| +|**Total Payout Valuation Model**|$29.68| +|*Fair Value*|*$29.02*| + +# Data Used and Source + +|Name|Value|Description/Source| +|:-|:-|:-| +|**Financials**|None|[Yahoo Finance](https://finance.yahoo.com/quote/INTC/financials?p=INTC)| +|**Beta or Levered Beta**|0.71|[Yahoo Finance](https://finance.yahoo.com/quote/INTC?p=INTC)| +|**Unlevered Beta**|0.53|Calculation (see attached EXCEL link)| +|**Corp Tax**|8.46%|Calculation (see attached EXCEL link)| +|**Risk Free Rate**|3.896%|[10y US Treasury Bonds](https://finance.yahoo.com/bonds)| +|**Maket Expected Return**|9.40%|[Motley Fool](https://www.fool.com/investing/how-to-invest/stocks/average-stock-market-return/)| +|**CAPM**|6.81%|Calculation (see attached EXCEL link)| +|**WACC**|5.36|Calculation (see attached EXCEL link)| +|**ROE**|14.20%|[Historical average (conservative estimate)](https://www.gurufocus.com/term/ROE/NAS:INTC/ROE-/Intel)| +|**AAA Bond Yield**|4.77%|[Moody's Seasoned Aaa Corporate Bond Yield](https://ycharts.com/indicators/moodys_seasoned_aaa_corporate_bond_yield)| +|**EPS**|4.66|[Yahoo Finance](https://finance.yahoo.com/quote/INTC?p=INTC&.tsrc=fin-srch)| +|**Average US GDP Growth**|3.18%|[TradingEconomics Stats](https://tradingeconomics.com/united-states/gdp-growth)| + +# Ratios + +*Quick Note: this is just indicative, i know i need more ratios and i need to compare them with industry and competitors to better have an adjusted commentary on Intel's ratios, in the next post i will add more ratios like: ROIC, Accounts Receivable Turnover, Inventory Turnover, Accounts Payable Turnover, Debt to Equity, Quick Ratio, Interest Coverage Ratio, Price to Book ratio, P/E etc (this list is not biding, some ratio listed could be not included), i will try to compare some with its historical variations.* + +|Ratio|Numbers|Description| +|:-|:-|:-| +|**Working Capital**|2.10|The company can cover its short term expenses with its current assets| +|**Acid Test**|0.18|The company cannot cover its short term expenses with only its cash and cash equivalents| + +Note: The Ratios section can be skipped. + +# Risk Analysis + +Following are factors that can impact the company Free Cash Flow: + +* **Inflation rate increases**: Last Month's inflation decreased just a little bit, but that doesn't indicate that it will plunge soon, high probability to see it increase in the near future. +* **Unanticipated effects of interest rate hikes**: We know that the FED is trying everything to fight inflation, even spending and injecting more cash in the economy! We expected the last rates hike, and we expect another one soon. +* **Geopolitical events**: one word: \*reads it with Trump's voice\* ***China!*** +* **Sales forecast, cost estimates, and cash conversion cycle inaccuracy**: It is forecasted by Intel itself a decrease on sales for the next near future due to demand decrease. +* **New competitors entering the market or taking market share**: AMD is smashing it and Intel is stagnating. + +**Risk in Numbers (a historical overview)** + +By observing the yearly variation of its Free Cash Flow, we can extrapolate some statistics. + +* Average variation of Free Cash Flow for the last 10y: **8.18%** +* Variance of the data set: **10.57%** +* Standard Deviation: **32.51%** + +# Comments on the Valuation Methods used + +|Method|Comment| +|:-|:-| +|**Adjusted Graham Fair Value Formula**|Used in Value Investing taking in count EPS, growth rate and AAA bond yield. As for Intel's current situation, its value shall be round $33.14 in normal market conditions.| +|**FCF Evaluation**|Taking in mind CFO for 29,991,000 thousands, CapEx of 20,329,000 thousands and Cash & Cash Equivalents of 4,827,000 thousands, Fair Value is 38.98 in Normal market conditions. Some said that Cash & Cash equivalents is around 50B, but in the balance sheet i see only the Total Current Assets around that number. This gives us a price of $38.98| +|**Discounted Unlevelead Free Cash Flow**|This model observe past Unlevered Free Cash Flow and Forecast the growth of it for the next 5 years. Growth rate is a conservative 0.71% putting Fair Value Price for the next year to $19.22. Note that the future is unpredictable and this model shall use different growth rate for each year forecasted. The value is calculated assuming that the current market condition persists for the next 5 years.| +|**Dividend Discount Model**|This model observes the historical variation of Yearly Dividends. It is based on the principle that a Company Value is due to the Present Value of all its future dividends. Gordon's Growth Model is the DDM assuming a constant growth of the dividend and this DDM is based on that assumption. The fact that 5% growth is not sustainable in current market condition, i sued the calculated growth rate that i made, 0.71%, giving us a Value of $24.09 assuming a constant growth of dividend by that rate. This is conservative estimate.| +|**Total Payout Valuation Model**|This method is an alternative to DDM and try to extrapolate the Fair Value from its dividend payout. This method is the only one where i used WACC as discount rate. Why? cause the formula i got raid WACC instead of a general "discount rate" loooool.| + +# Intel's Semiconductor Market Share + +|Year|Market Share| +|:-|:-| +|2008|13.30%| +|2009|14.60%| +|2010|14.00%| +|2011|16.50%| +|2012|16.40%| +|2013|15.40%| +|2014|15.40%| +|2015|15.40%| +|2016|15.90%| +|2017|13.80%| +|2018|14.00%| +|2019|15.70%| +|2020|15.60%| +|2021|12.20%| + +Source: [Statista](https://www.statista.com/statistics/266143/global-market-share-of-leading-semiconductor-vendors/) + +# Intel Corp. VS Advanced Micro Device, Market share comparison. 1Q 2022 data + +|Market|Intel|AMD| +|:-|:-|:-| +|**All CPUs**|61.80%|38.2%| +|**Desktop**|52.60%|47.40%| +|**Laptop**|76.00%|24.00%| +|**Server**|98.50%|1.50%| + +Source: [PassMark Software](https://www.cpubenchmark.net/market_share.html) + +# Conclusions + +As i stated, **this is just a preliminary analysis**, *i still have to integrate some data, ratios and take in mind many other variables!* + +Intel is surely lagging behind it competitors and falling in the "***Too Big To Fail***" mentality which makes them too complacent and lazy in doing things good. I can's comment on management cause i still have to check it. Short Term and Long Term Debts are increasing, surely due to this year shenanigans in the overall market. We can observe a small increase in Unleveread Free Cash Flow and PP&E. The company so far has paid dividend regularly, so if it is in severe situation, we shall expect it to stop distributing earnings, until then, we shall not be alarmed. + +**In conclusion**, *Intel is following market movements and is in a geopolitical crossfire, which affects is competitors too. We shall not forget that it is in danger regarding lagging really hard behind competitors, they need to invest more in R&D and Marketing, cut inventories and operational expenses, i sense some inefficiency in the Business Structure.* + +# Final Notes + +Yooo My Evaluation goes really near Barclays' price target for Intel LOL! + +|Institution|Rating|Position| +|:-|:-|:-| +|**Barclays**|$30|Underweight| +|**Wells Fargo**|$32|Equal-Weight| +|**Northland Capital**|$52|Outperform| +|**Goldman Sachs**|24$|Sell| +|**Deutsch Bank**|$35|Hold| +|**Stifel**|$32|Hold| + +**Intel Earnings Date**: 27th October 2022 AFH. "*According to Zacks Investment Research, based on 14 analysts' forecasts, the consensus EPS forecast for the quarter is $0.34. The reported EPS for the same quarter last year was $1.71.*" - [Nasdaq](https://www.nasdaq.com/market-activity/stocks/intc/earnings) +Ive heard consumer staples and banks are good? can you name any other companies and why? Ray dalio has been adding a lot of Walmart, coca cola, costco etc so i think hes preparing too as well as buffet with kroger +I have been researching into real estate investing - MFH have been my key focus. For me, I would like to keep down payments low and pay off multiple properties over the years. I don't need money now, so very high net-cashflow isn't a priority for me. + + +My dad, however, is close to retiring and isnt going to invest in multiple 25 year mortgages- he needs high net-cash flow now that he can live off of. He has a good amount of capital that he is willing to invest (around ~$800k). + + +What's his strategy here? + +Put a 50-60% down on a commercial MFH to minimize his mortgage payments so he can maximize his gross cash flow today? + +Short term Mortgages (10-15 yr)? + +Invest together with me and buyout his share when he wants to retire/cash out? + + +What would you do if you were in his position? + + +I'm still learning and researching a lot and will likely eventually find an answer but I wanted to get some early ideas going on in the back of my mind. +Paul: + +"I'm not going to buy now, it's too expensive. I will wait for the price to drop and then I will jump in again." + +It was Nov 28, 2015. + +Paul is still waiting for a BTC drop, hasn't jumped in so far and last time I've heard from him he told me he would wait for the price of ETH to drop a bit so he could buy some. It's been two weeks. No buys for him. Paul is confused. +"Mr. Neumann is starting a new company called [Flow](http://www.flow.life/), focused on the residential real estate market, [the DealBook newsletter reports](https://www.nytimes.com/2022/08/15/business/dealbook/adam-neumann-flow-new-company-wework-real-estate.html). Notably, it has the financial support of Andreessen Horowitz, the prominent Silicon Valley venture capital firm that was an early investor in everything from Facebook to Airbnb. + +Andreessen Horowitz is considered royalty among early-stage investors, so its backing is a powerful sign of support, and perhaps a rebuke to Mr. Neumann’s critics, who have described his leadership of WeWork as a cautionary tale of corporate hubris. + +The firm’s investment in Flow is about $350 million, according to three people briefed on the deal, valuing the company at more than $1 billion before it even opens its doors. The investment is the largest individual check Andreessen Horowitz has ever written in a round of funding to a company. + +Flow is expected to launch in 2023, and the venture capital giant’s co-founder Marc Andreessen will join its board, these people said. Mr. Neumann is planning to make a sizable personal investment in the firm in the form of cash and real estate assets." +I strongly believe that Price Action trading is one of the best, if not the best trading setup. + +Adding volume in your setup can improve your odds significantly. + +In this short article, I'll talk briefly about the most common relations between price and volume. This is a very vast topic, so I'll try to keep it light. + + +1. Price increases and volume increases. + +This is a sign of a strong uptrend. A trend backed by volume is very strong as the demand is more. + +If you're a trader, you'll have to ask yourself, "is this up move backed by volume?" If it is, it will be very strong and long lasting. + + +2. Price decreases and volume increases. + +What if the stock is in a downtrend but the volume is increasing? + +It is an indication that heavy selling is going on and the stock will remain in a downtrend. There are small up moves/retracement and huge selling is done on the top. + +And the trend continues. + + +3. Price increases but volume decreases. + +This is called a divergence. When price is in an uptrend but the volume decreases, it's a sign that the trend is likely to reverse. + +This does not mean that you should short the trend, all it means is that the trend isn't strong (cause it's not backed by volume). + +If there's a double top or a major resistance zone, it could mean that the price will reverse. + + +4. Price decreases and the volume decreases too. + +This is sometimes a good sign for the trend. It means that the heavy selling /dumping is completed and the bottom is near. + +Of course, this isn't a guarantee and it doesn't mean that you should start buying. Wait for a confirmation. But it means that the trend is getting weaker. + +. + +These were the 4 common scenarios. There are more scenarios like, if the price increases but volume stays flat or if both price and volume stay flat or if volume decreases but the price stays flat. + +To keep the article short and simple, I've mentioned only the 4 basic scenarios. + +Volume analysis isn't so simple, you'll have to look much deeper into it. You can also try delivery percentage analysis if you're into swing trading. + +-Vikrant C. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**tl;dr: their marketing manager is a racist, and they are essentially a scam, looking to moneygrab 52 million dollars when other similar projects are looking to raise 1/3 the amount** + +Hey fellow ethtraders, I'd like to share some troubling developments with the EventChain project, which posted a promotional blog post on ethtrader this morning: https://np.reddit.com/r/ethtrader/comments/6vr7rv/eventchain_smarttickets_dapp_frontend_web2/ + +I posted a calm criticism in the comments: "It is always a little concerning to see yet another ICO raising funds in competition with existing projects like Aventus and Blocktix. The value prop for the coin also isn't very good, as you can simply purchase tickets with fiat or other cryptos, which would be the core transaction activity on your platform." + +In response, I received a private message from Jonathan Waller (d3t0x1), the project's Marketing Manager as listed on their website (https://eventchain.io/), as well as a moderator on their subreddit (https://np.reddit.com/r/EventChain/). The subject of the PM: **ching chong wing wong** + +proof: http://imgur.com/a/pg6Ox proof: https://sourceforge.net/u/d3t0x1/profile/ proof: https://np.reddit.com/user/d3t0x1/submitted/ + +He continued to personally attack the Aventus project, claiming: "Those guys are a joke with sly talkers the alpha is complete garbage." In Aventus' defense (I don't own any as their ICO hasn't even taken place), their co-founders are both experienced developers with masters degrees from Imperial College London, who together have experience at reputable firms including Deloitte and Goldman Sachs (https://www.linkedin.com/company-beta/15212509/) + +Of course, I was pretty triggered by the message I received and decided to do some due diligence on EventChain, just in case ;). My findings were not positive. + +Their CEO is Ashton Addison, who some of you may recognize from the YouTube channel CryptoCoinShow. I haven't watched many of their vidoes, but I did recognize his face from this video, shilling XRP and making unsubstantiated claims that XRP saves banks an additional 30% vs. other cryptos: https://www.youtube.com/watch?v=bxKu0HsDoOA + +Furthermore, the sum totality of Ashton's experience (Linkedin https://www.linkedin.com/in/ashtonaddison/?ppe=1) is as "CEO/President" of defunct Therapy Marketing Hub (http://www.therapymarketinghub.com/) and "Major Sales Assistant" at Costco: "...a self-managed job with tasks including retail selling of TV's, computers, printers and home theatre equipment. The job mainly focuses on one on one customer service. It also includes managing inventory levels. Majors' salesmen also prepare the jewelry case and handle selling of jewelry up to $20,000." He has no other professional experience since 2014. + +Investigating EventChain's website further, I found a pretty website but not much substance (https://eventchain.io/). Their landing page contains a standard "In the Media" section, except the Reuters link goes nowhere (https://share.insider.thomsonreuters.com/link?entryId=0_p9eyphud) and the extent of their mention in a Huffington Post Contributor article (http://www.huffingtonpost.com/entry/59814550e4b02be325be0227) is "Blockchain technology has a significantly more secure authentication system than institutions currently have in place. It has been utilized by EventChain SmartTickets to deliver event tickets using blockhain, as well as in a host ofther applications." **That's it.** + +On to the white paper... sole developer Jesse Couch's bio reads like it was written by Trump himself: "**Jesse is a crypto legend. Ethereum genesis block holder. Numerous 1000x and 100x returns on top crypto projects.** Jesse is a veteran in the cryptocurrency industry, with extensive knowledge and programming experience as a developer of cryptocurrencies and tokens as well as working in Linux, Apache, MySQL and PHP development languages. **Being a top world class developer allowed Jesse to easily pick the best projects to participate in.** Entering the blockchain space in early 2011, he has long term experience trading bitcoin, altcoins and currently manages the Shares Per Hour Virtual Reality Business Networking blockchain platform, integrating blockchain business with virtual reality on the forefront of innovation." + +Furthermore, the white paper does not once state the actual total amount that EventChain is seeking to raise in their ICO. I did the math - **7.7 million for the presale, 31.32 million for phase 1, and 13.2 million for phase 2, a total of over 52 million dollars** for a blockchain ticket platform that is already being built by Blocktix and Aventus. What are their fundraising targets you ask? The Aventus ICO is capped at far more reasonable 15 million (https://blog.aventus.io/aventus-token-sale-full-details-383314e36c95). + +Of the 52 million EventChain is seeking to raise, 58.4% (30.3 MILLION DOLLARS) is going to be allocated to marketing alone, in the hands of a guy who decided to PM somebody who offered a piece of honest criticism on their ethtrader shill post with the subject ching chong wing wong. + +I have purely shared facts and invite you all to come to your own conclusions. As a community, we have made clear our view that unnecessary money-grabbing ICOs are not acceptable. In addition, the discourse used by Jonathan Waller is completely unacceptable for a key member of any project in any industry. Thank you all for your time. + +KITTY INU - $kitty (ERC20) +Launched in late October, Kitty has already established itself as THE facto Cat token and a Shib contender, as mentioned in CNN, Nasdaq, Yellowblock, Yahoo Finance and more. + +Delivering an eye watering Kitty Kart game trailer only 1 weeks into launch, Kitty is gaining attention amongst the upper echelons of the crypto and NFT world! Memorising everyone with a Mario go-kart style racing game featuring our own Kitty, weaving and darting around the track with a Shiba racer following behind has generated buzz and craze amongst the crypto community everywhere! + +Kitty’s mission to build a fun, yet serious themed token ($kitty) with multiple utilities in its own kittyverse, resulting in a recent partnership announcement with THE Culture DAO. The brain child of Edward Saatchi, the so-called British Zuckerberg and co-founder of Oculus VR story studio. + +With grand ambitions to make Kitty a household name - Kitty will use the resources of THE Culture Dao - which features talented creators from former Pixar animators. Kitty is going to create some highly innovative utility in P2E, NFT and metaverse in this rapidly growing market. + +🐱 - KittyKart - First P2E 3D Game built on proprietary Gaming and NFT Defi Protocol + +🐱 - KittyStar - An Artificially Intelligent (A.I.) Kitty will be brought to life as a full-fledged virtual being + +🐱 - KittyVerse - in Partnership with CULTUR DAO, Kitty will say hello in the metaverse and beyond + +Kitty is more than a meme and will become a major player in the P2E Industry and DeFi World. + +😻Launched on 25 Oct 2021 +😻Current MC: $42 Million +😻5400+ Diamond kitties +😻2M+ buybacks from the Team + +AUDITS + +✅ INTERFI Audit passed +✅ CERTIK Audit (on the way) +✅Liquidty Burned +✅KYC Verified Dev + +MARKETING + +🐈 Social Media Influencers (YouTube, Twitter) +🐈 International TG Communities +🐈 Huge partnerships +🐈 Billboards in primetime locations (i.e. Times Square) +🐈 Internet marketing (Google, Facebook, Instagram ads, SEO) + +UPCOMING EVENTS + +♠️ BSC Bridge expected first week of december +♦️ Kitty Kart, P2E Game developement +♣️ CEX Exchange listings +♥️ Major Promotion in Asia + +Official Links: + +🌎 Website : https://kittyinuerc20.io/ +💬 Telegram: https://t.me/kittyinutoken +🐦 Twitter: https://twitter.com/KittyInuErc20 +▶️ https://www.reddit.com/u/KittyInuToken +🛠 Chart : https://www.dextools.io/app/ether/pair-explorer/0x937e882083a0aaf58d7fcf566de8e5d990e882a9 +📈 Contract : 0x044727e50ff30db57fad06ff4f5846eab5ea52a2 +Why is everyone scared? U wanted a dip. The dip of the dip should be even juicier for you! + +&#x200B; + +Just hold on your strategy, dont FOMO. Use this as a buying opportunity. Savest bet is to stick with your DCA. + +And never invest more money than u can afford to lose. Threat your crypto as already lost money and u wont panic while it goes even more down. + +&#x200B; + +Cheers and stay save! +I think they are messing with shf and slowly showing us their buy ins each day of this week. I think we will likely see another buy in filing tomorrow. Guessing it's probably Furlong. Fingers crossed. But either way, they are buying in. And that is what I like to see! Hodl +It's a beautiful day in this neighbourhood 🤗 +Welcome everybody, I'm glad that you found some time to stop by. +Let's see what happens today. + +/ + +The US pre-market is about to open so that's it for the day! 🇺🇸 +Thank you all for being here today, we'll see each other again tomorrow! 👋 + +115 minutes in: 166.30 US-$ + +110 minutes in: 167.50 US-$ + +Some apes want me to post the prices from bottom to top, not the other way around, what do YOU think? +Please look for my comment under this post, you can vote for "New prices on top" or "Old prices on top" there, it's easier to compare this way😅 +Thank you. + +105 minutes in: 167.50 US-$ + +100 minutes in: 167.56 US-$ + +95 minutes in: 167.50 US-$ + +90 minutes in: 168.70 US-$ + +85 minutes in: 167.50 US-$ + +80 minutes in: 166.30 US-$ + +75 minutes in: 163.91 US-$ + +70 minutes in: 163.97 US-$ + +65 minutes in: 161.52 US-$ + +60 minutes in: 160.02 US-$ + +55 minutes in: 160.02 US-$ + +50 minutes in: 160.02 US-$ + +45 minutes in: 160.50 US-$ + +40 minutes in: 158.65 US-$ + +35 minutes in: 162.71 US-$ + +30 minutes in: 163.91 US-$ + +25 minutes in: 163.91 US-$ + +20 minutes in: 163.91 US-$ + +15 minutes in: 166.39 US-$ + +10 minutes in: 166.39 US-$ + +5 minutes in: 166.39 US-$ + +Starting: 166.39 US-$ + + + + + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of comradery is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! +**Important context.** + +High volume BTC holders were holding their BTC in non-exchange wallets to seamlessly receive BTG & B2X fork coins. + +No fork means these users will being to move their BTC back onto exchanges where many will sell/trade. (And considering the BTC protocol, this is no quick feat.) + +This is especially true during this time of peak ATH BTC euphoria. + +Expect BTC sell pressure to resume in the coming days. + +&nbsp; + +Keep your eye on the ETH/BTC GDAX depth chart. + +At some point I want to cash out of doing rentals....but then where do you park the money? Always thought single family homes were still a better investment than me investing in stocks or bonds. Guess I could hire a property manager, but I have always manged my own..... + +So you end up with chunks of change....only to invest it back into the market.....Anyone have ideas? REITS, Bonds, etc... +This is *a lot* to read, but I was asked to compile it into one. Especially now with the DoJ talking about this, let's see what we can find shall we? + + + + +The only guy to go to jail for 2008, [was running from this](https://www.deepcapture.com/2009/01/strange-occurrences-and-a-story-about-naked-short-selling/) and turned himself in (this story includes Jim Cramer) + +> Evidence suggests that Bernard Madoff, the “prominent” Wall Street operator and former chairman of the NASDAQ stock market, had ties to the Russian Mafia, Moscow-based oligarchs, and the Genovese organized crime family. + +> And, as reported by Deep Capture and Reuters, Madoff did not just orchestrate a $50 billion Ponzi scheme. He was also the principal architect of SEC rules that made it easier for “naked” short sellers to manufacture phantom stock and destroy public companies – a factor in the near total collapse of the American financial system. + +&nbsp; + +By 2011 the FBI is saying publicly its still a problem and they're capturing regulations. + +> [They may be former members of nation-state governments, security services, or the military. These individuals know who and what to target, and how best to do it. They are capitalists and entrepreneurs. But they are also master criminals who move easily between the licit and illicit worlds. And in some cases, these organizations are as forward-leaning as Fortune 500 companies.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> This is not “The Sopranos,” with six guys sitting in a diner, shaking down a local business owner for $50 dollars a week. [These criminal enterprises are making billions of dollars from human trafficking, health care fraud, computer intrusions, and copyright infringement. They are cornering the market on natural gas, oil, and precious metals, and selling to the highest bidder.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> These crimes are not easily categorized. Nor can the damage, the dollar loss, or the ripple effects be easily calculated. It is much like a Venn diagram, where one crime intersects with another, in different jurisdictions, and with different groups. + +> How does this impact you? You may not recognize the source, but you will feel the effects. [You might pay more for a gallon of gas. You might pay more for a luxury car from overseas. You will pay more for health care, mortgages, clothes, and food.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> Yet we are concerned with more than just the financial impact. These groups may infiltrate our businesses. They may provide logistical support to hostile foreign powers. [They may try to manipulate those at the highest levels of government. Indeed, these so-called “iron triangles” of organized criminals, corrupt government officials, and business leaders pose a significant national security threat.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + + +&nbsp; + +Have you heard of anyone fixing it in the last decade? + +&nbsp; + +OK now [you'll see the money Citadel handles is 75%-99% foreign](https://reddit.com/r/Superstonk/comments/rfrqj3/has_anyone_ever_noticed_citadel_really_has_a/) this goes for the short sellers bunch. [Here's point 72](https://reddit.com/r/Superstonk/comments/rimp3q/point72_sure_likes_that_foreign_money_about_the/) + + +[It's more than Russia](https://reddit.com/r/Superstonk/comments/t0enup/federal_reserve_alert_federal_reserve_board/) + + +&nbsp; + +[There's more](https://www.reddit.com/r/Superstonk/comments/svl80n/were_in_2008_on_repeat_ill_show_you/) (we're in 2008 on repeat) + +[And more](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) (Ken Griffin and Bernie Madoff sure like the same strategies) + +[And... more](https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/) (*a lot* of Citadel and Goldman crime) + + +[Also this](https://reddit.com/r/Superstonk/comments/s92h42/citadel_owns_77_of_the_spac_that_apex_is_going/) (Citadel was going to start turning off Apex meme buys/rejecting DRS if they went public, they own 7.7% of the SPAC) + +[And this](https://www.reddit.com/r/Superstonk/comments/se2sej/word_of_the_day_is_rehypothecation_or_how_citadel/) (rehypothecation is bananas) + + +[Also this](https://reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) (Goldman execs sliding into BNY Mellon DMS) + +[Then this](https://reddit.com/r/Superstonk/comments/rkuxnd/elad_l_roisman_is_suddenly_leaving_the_sec/) combined [with this one](https://www.reddit.com/r/Superstonk/comments/sdc0ce/hester_peirce_voted_no_today_for_hedge_fund/) (what they are protecting) + +Then [head here](https://www.reddit.com/r/Superstonk/comments/sx93k7/pwc_the_auditor_that_needs_to_be_looked_at_psst/) + +And [one last one](https://www.reddit.com/r/Superstonk/comments/sewfuu/real_life_keyser_söze_meet_emiliano_rabinovich/) + + +&nbsp; + +Then we've got all this spoofing to deal with... + + +&nbsp; + + +Here's a [Goldman/Citadel related defunct exchange trading $GME puts](https://www.reddit.com/r/Superstonk/comments/pauf6x/found_connection_between_todays_movement_and/) + +That exchange [lit up again, spoofing](https://reddit.com/r/Superstonk/comments/qc26b2/spoofing_right_around_cs_buy_time/) + +Citadel has [a direct connection with EDGX](https://www.reddit.com/r/Superstonk/comments/ox93kt/citadels_connection_with_cboe_global_markets_and/) where that originated from. + +Citadel has been fined for spoofing before, [It's why they were kicked out of China for 5 years](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> ***The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices.*** It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks. + +Note: Citadel was using algorithms to spoof and to make the market super volatile. + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> [The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices. It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks.](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + + +Here's a *different* defunct [Goldman and Citadel exchange popping up to do wash trades](https://www.reddit.com/r/Superstonk/comments/psl6cj/drctedge_exchange_owned_by_citadel_goldman_sachs/) + +It is known that [BNY Mellon turns a blind eye to this behavior](https://i.redd.it/4rsmlzn90vu71.jpg) + +&nbsp; + + + +Almost like [they have software to do it](https://i.redd.it/sxpcn1t5lf671.jpg) + + + +Here's the [link to the article](https://www.finextra.com/pressarticle/83417/symphony-names-brad-levy-as-president-and-chief-commercial-officer) + +I ended up here looking through the [head of the DTCC's business](http://www.marketswiki.com/wiki/MarkitSERV) + +The guy with him at MarkitSERV which controls basically all data trade ports, joined Symphony last year during the pandemic. + +After a career [at Goldman sachs](http://www.marketswiki.com/wiki/Brad_Levy) + +Who now works on software that's "collaboration software for automation" + +> Levy’s appointment comes at a pivotal point in the Company’s momentum as customer demand for ***secure and compliant collaboration integrated with automated workflows continues to grow.*** Levy will lead Symphony's efforts within the global financial services space, focusing on expanding the company’s commercial offering on capital market workflows and solution. + +[Here's a 2 day old video of them all spoofing together.](https://reddit.com/r/Superstonk/comments/t4k6cd/today_collaborated_spoofing_occurred_in_the_last/) + +&nbsp; + +Almost half their assets [are overnight repo.](https://www.sec.gov/Archives/edgar/data/1146184/000128417022000004/CDRG_BS_Only_FS_2021.pdf) + +They are [7 of 8 FICC members](https://i.redd.it/qcsfdlq0by471.png) (how, who the hell knows) + + + [(Which is what the FICC CCIT is)](https://www.dtcc.com/clearing-services/ficc-gov/centrally-cleared-institutional-triparty) + +To me this says they [internalize treasuries too](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) like their website [says they can do](https://imgur.com/7vEp7KK.jpg) and the treasury [liquidity problem last year](https://imgur.com/khNqrnS.jpg) was that catching them. So they're can kicking with repo, then fulfilling FTDs with [rehypothecated shares.](https://reddit.com/r/Superstonk/comments/t6j39c/the_crimes_of_citadel_goldman_sachs_and_friends/hzbd5su) + +The FICC says [treasuries lost liquidity suddenly in February](https://imgur.com/a/P3qYrOl) and no one has explained why. (Also there was a $1.1 billion backtesting deficiency *right* before the sneeze) + +&nbsp; + +There's [181 pages of them breaking the law](https://web.archive.org/web/20211025164538/https://files.brokercheck.finra.org/firm/firm_116797.pdf) too... (Page 40-221) + + +&nbsp; + + +If you want to know who owns who. + +[The *secret* other half of Bain Capital](https://reddit.com/r/Superstonk/comments/qa1d4l/i_present_the_other_half_of_bain_capital_sankaty/) + +[BNY Mellon helps hide things](https://reddit.com/r/Superstonk/comments/rwt6vi/i_found_bny_mellons_adv_form_remember_all_those/) + + +[Jefferies owns Virtu](https://reddit.com/r/Superstonk/comments/s3y0m8/did_you_know_virtu_is_23_owned_by_jefferies/) + + +And [Citadel's custodian’s and prime broker's](https://imgur.com/a/67S62yU).... in case you missed it. Page 13 says Credit suisse EU..... [The same ones shredding documents about Russian oligarchs](https://finance.yahoo.com/news/credit-suisse-caught-trying-shred-131208154.html) on the very next page [Deutsche Bank](https://www.ft.com/content/97b44628-450a-4535-8605-d5a7b8e5cbff) and [in case you forgot](https://www.ft.com/content/28744ecd-e798-4516-b9bb-6257b37f2377) + +[Warren Buffett and Moody's](https://www.reddit.com/r/Superstonk/comments/s6hlww/moodys_is_the_one_seemingly_lagging_behind_in/) + +JPMorgan and Goldman are [prime brokers for Melvin who started the shit in January.](https://www.reddit.com/gallery/qcgfwm) + + Right [before the PCO day](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) + +Now go [reread this Robinhood conversation with that context](https://i.imgur.com/CFw37Im.png) + +What exactly were Goldman and Citadel doing [with this company](https://imgur.com/a/VDeKsIv) + + +&nbsp; + + +Before you think Gensler will help... he's got real explaining to do... + +> [In 2008 he (Gary Gensler) joined scores of other Goldman partners and alums in giving nearly $1 million to the Obama campaign, and he is one of a raft of Goldmanites to have joined the new administration. Now, as chair of the obscure Commodity Futures Trading Commission, he is arguably the key player in the drive to bring order and sunlight to the murky casino that is Wall Street. If the financial-reform bill in Congress passes—and it looks like it will—the CFTC will acquire vast new powers. It will oversee markets in derivatives and swaps that, on paper, are worth hundreds of trillions of dollars and that generate some $25 billion a year in profits for big companies such as Goldman Sachs.](https://web.archive.org/web/20141030005206/http://www.newsweek.com/goldman-alum-whos-trying-fix-wall-street-70599) +To continue discussion + +https://www.reddit.com/r/Superstonk/comments/qbwsy7/6543gamestops_twitter_banner_is_a_countdown/?utm_medium=android_app&utm_source=share + +There is a theory on descending number of working days in between GME Twitter banner updates. + +I for one counted all days, so basically last one was on 19th Oct, the next one in my theory is due on 23rd of Oct. + +1st Oct - nr 6 + ++7 + +8th Oct - nr 5 + ++6 + +14th Oct - nr4 + ++5 + +19th Oct - nr3 + ++4 + +23rd Oct - nr2 + ++3 + +26th Oct - nr1 + ++2 + +28th Oct - nr 0 - BINGO + + +What else ends on Friday, the 28th of October? Gherks options rollover period ends. + +I think the 28th, along with every day before and after, should be the HYPE days. + +Monday, November the 1st - Q4 for GME starts - something something is due to happen in Q4..NFT go time. + +Meanwhile, DRS your shares. + +Moon! +FatMan is a popular account on the Lunatic community and governance groups, and since the debacle he has been extremely critical of what happened and the workings of the insiders in the collapsed scheme. + +Just few hours ago, he has made startling revelations claiming he has been approached by whisttleblowers who are willing to go public on the entire chain of events. + +In a series of tweets, he implicates DoKwon, Jump Capital, Kanav Kariya (president of Jump Capital), and SBF (founder of FTX) of shady insider deals that have resulted in the destruction of 40 BN worth assets. + +[Says he was contacted by whistleblowers](https://preview.redd.it/6g9m645g58191.jpg?width=1164&format=pjpg&auto=webp&s=95074bdd5437f53b5117b8160901012f32fd04c4) + +[Implicates some of the high profile names in the space including SBF. According to these allegations, TFL already had a bailout in May 2021.](https://preview.redd.it/ne8cjf8k58191.jpg?width=1182&format=pjpg&auto=webp&s=40e23d41a35bc7c783a67ee6b2ab3d4861be662c) + +In May 2021, there was a similar depeg scare but which was quickly brought back to peg. At that time Kwon and TFL claimed it showed the stablecoin algorithm functioned as expected. + +In further allegations, he says that Serum project has had deals with Jump that took retail investors for a ride. Jump capital apparently manipulated people into billions dollar losses. + +[FatMan says he will pursue justice in this matter as people have already lost their lives over it. ](https://preview.redd.it/v0vm04x268191.jpg?width=1172&format=pjpg&auto=webp&s=536d514e08d1f3d8314fde44cc3085b5af22916d) +That’s the only reason that makes any sense as to why this would be intentional misinformation (to me anyway). + +It’s an attempt to make the big Numbers look small in comparison. + +This is actually great news... that’s how desperate they are. + +I’m also pretty impressed with how quickly the false numbers hit the top spot and was then disproven/dispelled. + +I think we now have a good idea about how effective ‘they’ are in getting out disinformation.... or getting bad information to the top of the sub. + +All apes be CAUTIOUS!! + +BUY if you can + +HODL until after the peak (remember the infinity pool if you are able) + +VOTE so we get better information + +💎🙌🦍💪🚀🌚🖍🍌 +🤳Influencer followers: TikTok 5.7M, YouTube 400k, Twitter 300k, Instagram 500k🤳 + +Come and Join the telegram (1,5k). +💬 Telegram: https://t.me/sheeshtokenchat + +$SHEESH Token was originally created as a joke by a known tiktok influencer (DYOR) +To his surprise the token caught traction quickly and sits at around 4500 Holders atm. The influencer and his team have worked their asses in the last couple of days and have a built an incredible foundation. He's very transparent about the project and its plans and is on Telegram and Discord like all the time to keep us updated. + +The dev is a big influencer, and we all know he's not going to risk his reputation and career to scam some HODLERS. He is very well-connected and has huge marketing plans and is currently working on several collaborations with different influencers. + +He has been working with social media analytics for the past 6 years and knows how to push a project like this! Furthermore, he has concrete plans how to use the Token in the social media and gaming world, that he will share with us soon (TM) -> Real Use Case + +Sheesh Token is a community-driven token utilizing Binance Smart Chain (BSC) technology. It is the first of its kind, created for influencers to link cryptocurrency to their fanbase and social media. The token will be used to host giveaways, lotteries, gaming tournaments, and other events for creators and holders, as well as the creation of unique NFTs, merchandise drops, and much, much more + +But don't believe me! DYOR🧑‍🔬! Come to our Telegram/Discord and see yourself. There is almost daily a stream on Twitch where you could shoot you questions at him and participate in the competitions where you could win some Sheesh. +Check out the links below and check the legitimacy yourself! But be quick! + + +🎯 Public DEV with millions of followers (TikTok, Twitter and YouTube) and expertise in social media analytics + +🎯 5M Market Cap + +🎯 4500 Holders + +🎯 Liquidity locked: +https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958 + +🎯 Submitted for Coingecko and Coinmarketcap + +🎯 Website and Roadmap live + +🎯 Huge Marketing plans with more influencers coming. + +🎯 Real use case - This is not your average animal shit token +​ + +HOW TO BUY + +Never follow any pancake links of random Redditors! Go on the website https://sheeshtoken.com/and follow their official links there! There is also a quick guide on how to buy. + +LINKS: + +📜 Contract: https://bscscan.com/token/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +🕊️ Token Twitter: +https://twitter.com/SheeshToken + +💻 Token Website: +https://www.sheeshtoken.com/ + +🏁 Roadmap: +https://i.imgur.com/Rm0bTIs.png + +🧻White paper: https://sheeshtoken.com/sheesh.pdf + +💹 Bogged chart +https://charts.bogged.finance/?token=0x7E5d52C3335C91Af0da392BEa4BB9e43F2AbA62C + +💩 Poocoin Chart: https://poocoin.app/tokens/0x7e5d52c3335c91af0da392bea4bb9e43f2aba62c + +🔒Liquidity locked: +https://unicrypt.network/amm/pancake/pair/0x83f4c453b766a97E9467D6376B2419a47B082958 + +💬 Telegram: +https://t.me/sheeshtokenchat + +🚋 Subreddit: https://www.reddit.com/r/SheeshToken/ + +👾 Discord: +https://discord.gg/Ssq8MdwQ2w + +🕹️ Twitch: +https://www.twitch.tv/sheeshtoken?sr=a + + + +I feel super confident with this project and I hope you like it too. What convinced me to buy was low market cap and that he has a shitload of followers on Twitter, TikTok and YouTube. They might not be the hardcore crypto guys, but I think it's an amazing opportunity for them to get into the field with the help of a guy they know and trust. +https://github.com/tronprotocol/java-tron/issues/25 + +TRON already got caught with Plagiarised White Paper now they get caught again with copy pasting codes, doesn't credit anyone, and tries to hide it, gets caught hiding it..... then apologizes again... + + +Sincerely, is there any possibility or a way to stop or ban this scammer from abusing the crypto world and getting away with stealing all this large amount of money with his pump and dump scamcoin? He's a professional scammer who already stole Billions from naive investors, and it may hurt the reputation of the entire crypto community +I thought this would be a good contribution given the 30-day challenge. I'm pregnant and had to get some testing done, which my provider outsourced to other labs. She gave me the options, and I called ahead to determine which would cost less with my insurance. I was quoted $300, and went with that. Imagine our surprise a couple of months later when we get a bill for $1600. I called and negotiated it down 20%, and then finally down to the original $300 quote. Just a reminder to those with medical bills that they aren't set in stone, and all it takes is a phone call to find out what the billing provider and/or your insurance can do for you. +Hello again! + + +First off, the last vote was in favor of the r/place banner over the contest. To the small group of you who applied to the banner contest, I am sorry. the mod team has some ideas for how to highlight your efforts in other ways, so stay tuned. We just didn't get enough engagement with the contest, and this idea to use the imagery from our r/place efforts was too good to pass up. +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Now onto the reason for this post 🚀 + +Thank you to everyone for your feedback on the banner! Rest assured that I saw u/boltflower's banner and I seriously love it. + +*(in case you missed it:* [*Wut think of this banner?*](https://www.reddit.com/r/Superstonk/comments/txs32j/wut_think_of_this_banner/) *)* + +Given the overwhelming support for this banner in the way of upvotes, I wanted to put up a final poll to make sure we are using the most representative banner for our community. There were more upvotes for u/BoltFlower's banner suggestion than there were total votes on my banner post, so I suspect I know the outcome of this poll. That said, it's important to give everyone the chance to have their voice heard. So once and for all, please vote for your favorite r/place x r/Superstonk banner + + +**Option one: Boltflower's Banner.** + +[Seriously well-done Bolt!!](https://preview.redd.it/ftxf6h8mrbs81.png?width=960&format=png&auto=webp&s=7bfa3eb675b7321861dbbb247d704d92654474f9) + +**Option two: The original Banner suggestion that I created** + +https://preview.redd.it/pyb09b42rbs81.png?width=2705&format=png&auto=webp&s=187a4208844090893e5dcbde7ab9842a7194afdd + +BTW sorry for having to do two polls about this, had I known that bolt was going to put out something so great, I would've waited and held the original poll with this banner suggestion. Such is life, I suppose. If you want to see this become our new banner, please vote on it below. + +&#x200B; + +[View Poll](https://www.reddit.com/poll/tz6eqj) +https://www.cnbc.com/2019/05/25/the-stock-market-would-be-much-lower-if-it-werent-for-companies-buying-back-their-own-shares.html + +Data compiled by Ned Davis Research shows the S&P 500 would be 19% lower between 2011 and the first quarter of 2019 without buybacks. + +The other options for companies to deal with that cash — holding it, reinvestments and dividends — would have also led to lower returns. + +“Without focusing too much on numbers, we can say that the S&P 500 index would probably be lower today if not for buybacks versus other uses of cash,” says Ed Clissold, chief U.S. strategist at Ned Davis Research. +Hello PF, I bought some shoes from Macy's, they broke after two weeks of use. The warranty at Macy's is 180 days, but when I tried to return them (with the receipt), they told me they don't have returns for broken products. I didn't wear them through a swamp or anything; they're dress shoes, and the laces snapped, back of the heel wore out, and the shoe separated from the bottom after two weeks of regular usage. + +If Macy's will not issue a return, can I file for a chargeback under ['Not as Described'](https://chargebacks911.com/knowledge-base/product-not-as-described-chargebacks/), since these were sold as regular dress shoes? Would this affect my credit, and how long would it take for a return? Or am I better off just eating the purchase and buying elsewhere. + +Thanks so much for your advice. + + +EDIT: Thanks again everyone for your input, I appreciate it. For everyone wondering, [these](https://www.macys.com/shop/product/alfani-mens-turner-chukka-boot-created-for-macys?ID=4876085) are the shoes in question. I get that they're cheap shoes, but they were $45 when I got them, and they're falling apart after 2 weeks. It looks like the consensus is to go back, re-iterate my case with someone above the shoe department person, then take a trip to /r/malefashionadvice/. + + +UPDATE: Good news everyone! The manager processed my return. Frustrating it took a half hour of my time, but here we are. Learned a few good finance lessons: + +1. Don't buy at Macy's +2. Don't buy cheap shoes 2-3 times a year ; buy a good pair once every five years +3. Ask for the manager. + +Thanks all! +Hello fellow quants. I wanted to share some stats from a 4-year backtest of one of my intraday trading algos. The logic is purely price-based, runs in the mornings on a 1-minute timeframe, and trades NQ futures exclusively. It's not all that I would like it to be, but it does appear to be fairly consistent, minus that stagnation period at the frontend of the curve. + +Some important notes: + +\- Sizing is static in this test (doesn't scale with the account). + +\- Largest drawdown was about 10% over the 4-year period. Return-to-Drawdown is 6.97. + +\- Percentage P/L over this timespan was +119.2% with a conservative risk per trade (you could get away with doubling/tripling position size if you were so inclined). + +\- Commissions & fees are accounted for, spread/slippage is being simulated. + +\- Currently in the process of forward-testing... + +What do you make of all this? Is that large stagnation period off-putting, or is an imperfect equity curve to be expected? What would you do before running this bot in a live account? I realize profit factor isn't incredibly high (sitting at 1.26), but would this bot have a place in your portfolio? + +[4-YEAR EQUITY CURVE | LINE CHART](https://preview.redd.it/w5r1nwimgxd91.png?width=1810&format=png&auto=webp&s=f473825714fecd697a90202c43b5dd094a271e17) + +[4-YEAR EQUITY CURVE | BAR CHART](https://preview.redd.it/c1wg3nvogxd91.png?width=1806&format=png&auto=webp&s=cd5561b1abfcac8d48e4fd8d1c5151cc49842ec2) + +[RETURNS](https://preview.redd.it/gmpvonmqgxd91.png?width=1838&format=png&auto=webp&s=2b4473d56b2f88f1576cfa3cf7582a36368e1f15) + +[AVG RETURN](https://preview.redd.it/x1eq6grsgxd91.png?width=1840&format=png&auto=webp&s=b2950e3d2dca52b1ea654ee8edef4e7b78d9da8a) + +[MISC STATS](https://preview.redd.it/ezpbz9cugxd91.png?width=1824&format=png&auto=webp&s=b3e97a1b900e862c90aba18688667d95a34771f2) + +[Monte Carlo Simulation for Fun :\)](https://preview.redd.it/q8pfse0zgxd91.png?width=2726&format=png&auto=webp&s=c993b1d4e8afa319984fb80ca8695bfabe400e1c) +So I'm in my 30s and decided to put some of my savings into stocks in 2020 (right before covid) through a reputable stockbroking firm. My shares were doing well but for the last year they have just gone down again and again, and now I'm down almost $30,000. My advisor tells me not to worry, and I have a diverse portfolio, but almost all of my stocks are in the red and have been so for a long time. I know the market fluctuates but it feels like they'll never go back up. Advice? +Hi all, +Long time lurker first time poster. +Thanks to a commission based job, I am now sitting on cash, and this is really destroying me inside. +I was planning a wedding and planning on buying a house, but COVID changed all of that. +We’re now also expecting our first child this spring. +That being said, I’m hoping to access some of this cash for a down payment on a house within the next 6-12 months. +My question is... where do I stick that money in a low risk option for the time being? + +Thanks so much! +Personally, i look at population (total and growth), median household income and crime, main job sources if i can find it. Maybe if it has a tourism appeal. + +I'd like to hear other people's thoughts and experiences. My budget is not high, 250k. Ideally a duplex + +Do you have trusted websites for your information gathering? +Anyone have any expierence with products that can get rid of that decomp smell? A tenant died in his RV and No one knew for several days, until they smelt something. Thanks! +Unsurprisingly, Democrats overwhelming ruled the election in terms of candidates and policies last week. + +There's a newly enacted millionaires tax that nearly doubles the current tax rate (5 to 9%) on any income earned over $1 million. + +For those in Massachusetts, how do you think this will affect high-end real estate in MA? +**Short recap:** + +Today (10th June 2022) GME filed an S-8. This details the incentive plan, which was approved during the shareholder meeting. The S-8 details that from the 1 billion shares that GME has available (not outstanding!) 8 million will be taken for employee compensation. + +This is extremely bullish and I'll tell you why. The first reason being obviously that if employees are compensated in stock, they are incentivized to improve the value of the company and therefore the stock price. Also, the board would be best advised to ensure no one is manipulating this stock price in any unfair way. + +However, there is a second reason, which I think is even more bullish: + +&#x200B; + +**Time for some Napkin Math:** + +8 million shares x $100 stock price = $800 million compensation + +8 million shares x $125 stock price = $1,000 million compensation + +8 million shares x $150 stock price = $1,200 million compensation + +This is a theoretical calculation on what GME might give it's employees through the incentive plan, considering current price range of GME. Even over the course of 2-4 years, giving out $1 billion in compensation through stocks, would be a lot, in addition to normal cash salaries and bonuses. + +&#x200B; + +**Time for some history:** + +Matt Furlong received stock rewards worth roughly $15 million dollars in the form of 60,000 at a price back than of about $250 (June 2021). He is the CEO. + +Ryan Cohen owns 9,101,000 stocks + +Larry (Lawrence) Cheng owns 8,022 stocks + +The new COO Patel Nir Vinay will (or has) received an yet undisclosed amount of shares + +&#x200B; + +**What mean?** + +This is a lot of money and stock. Comparing it to what insiders already own and as a current notional value. It is simply really really a lot. + +Incentives from an S-8 are not disbursed immediately. GME had it's last S-8 filed in 2019 and comparing to Microsoft and Apple, they also file an updated incentive plan every 2-4 years. Meaning this is roughly the timeframe over which these stocks will be handed out. + +So, again, this is a lot. Handing out hundreds of millions of dollars in stock each year is something an established high growth tech company would do. But not a value stock currently in a huge transform and only at the beginning of being a high growth tech company. + +For this plan to make sense, the price per share decrease. And how would GME do that without devaluing the company? You guessed it: SPLIT! + +&#x200B; + +**TL;DR**: Incentive plan with a lot of shares and money is in effect as of today. However, this is way too much in comparison to what insiders already have or were awarded. Only conclusion can be, that we will soon have a split. Because only then the number of shares would make sense. Which in return would mean, that this S-8 was drawn up with the upcoming split in mind! + +No dates, but I'm guessing split announcement before the end of the month! + +&#x200B; + +**Edit to clarify some comments/questions:** + +* The 8 million shares are NOT taken from the current flow. Imagine GME having a storage with a total of 1 billion shares, where these 8 million would be taken from. +* The 8 million shares are NOT awarded immediately. Usually an S-8 lasts for 2-4 years, meaning this would be the timeframe they are awarded over. They also don't need to be awarded fully. +* As of now we don't know who, when or how these stocks would be awarded. +* The 8 million shares are NOT affected by a split as long as they are with GameStop. Only awarded shares to employees would be split, if the split goes into effect. If the split were to be end of month and none of the 8 million shares would've been awarded, it would still be 8 million shares. +* The 8 million shares have no value as of now. Look in the S-8. There they are described with $0.001. GameStop also does not have to "pay" for them. They are essentially "free", but of course will affect existing insiders like Ryan, Larry and Matt, because more shares with the same market cap means a lower price per share. +* To put the 8 million again into perspective: This is more than 10% of the current float. No way a company just hands out this amount of shares, even over 3-4 years. Matt Furlong was awarded roughly 60.000 shares when he become the freaking CEO. +* Employees will not be "showered" with those shares. I can imagine people outside of the board being incentivized to receive them, but even growth companies from the tech world don't do it like that and for them shares are a major part of compensation. +* Most likely some of the shares will be used now (let's say within 2022) and the majority after split. From a company pov there is no difference if you give 1 or 7 shares. As an employee the notional value is more interesting, depending on the stock price. If you want to incentivize an employee with $100, you could either give them 1 share right now, or 10, after a 10:1 split. +Social media allows for outreach to the entire world. If they commit absolute corruption (not saying I truly think they will - even though they ARE absolutely corrupt, they just have a lot to gain personally as well), I will devote my time to an all out fucking non-stop campaign to get everyone I can out of the US markets across every single social media platform in existence. I hope this community will get behind that goal in a situation where the regulatory bodies go against the retail investors on this. It will be my fucking burning desire and goal to shrink the entry of new investors into US markets and grow the volume of investors exiting the US markets. Every. Single. Fucking. Day. + +Edit: want to reiterate, I do not believe they would stop the squeeze, as stated in the post. Making that clear for those that skim the post and miss my comment about I don’t think they will and they have a lot to gain as well +**Kept** + +- National Insurance cut +- Stamp duty cut + +**Scrapped** + +- Dividend tax cut +- Corporation tax cut +- Income tax cut +- 45p tax rate abolition +- Alcohol duty cuts +- IR35 changes +- VAT-free shopping for tourists + +The energy cap will only continue until April 2023 (six months, rather than the two years original promised), and in the meantime there will be a "review" on how to support people. + +--- + +Note that this list is based on what he explicitly stated - there are lots of other policies in the previous budget that didn't get a mention. These are *presumably* staying, but we won't know for sure until the budget at the end of the month. +My plan is to retire by 35. I won’t get too preachy and will make sure to share as much detail as I can. I know my favorite posts in the subreddit are the ones that include the raw details. I’ll jump out and admit that Bay Area tech salaries are insane. I work my ass off but do not pretend I am not very fortunate (touched on later in my advice below). I also wanted to share that these career's and salaries are not just for engineers and computer scientists. + +All reported amounts are invested assets. This is less than networth but after the sale of my home back in Florida last year it is the majority of my network less a yearish in CDs/savings as an emergency fund. + +**FIRE Goal:** $2.16M Invested to provide \~$75k Per year (3.5% withdraw rate) +400k Set Aside to Purchase a House. (My original plan was $75k per year with a paid off house. That was easy to think about in Florida, but I am not certain where I will settle just yet. Current expenses when adjusting for non HCOL area have us very comfortable at 75k including housing costs.) + +**Income:** My partner and I both work for one of the FAANGs in the Bay Area and had total compensation north of $400k. I also had a one time bump last year due to a house sale from back in Florida. + +**Savings:** \>$150k per year into 401ks, After Tax 401ks and taxable accounts. I front load most of my employer investments each year (max out contributions in the first 6 months). + +**Major Expenses:** Usual Bay Area headaches with housing and childcare making up >$80k per year. Luckily my FIRE goal also lines up around when they would be able to public schools for elementary. + +**Allocation**: 53/36/11 (Domestic Equities/ International Equities/ Bonds) Remember this doens’t include my emergency fund which mentally I include in my bond allocation but do not include in the above. My goal bond holding are 15% which I have been heavily investing into muni bonds the past year via contributions to get my ratio’s closer to my goal. + +**My Favorite Charts:** + +* [Overall Investment Trends Broken Out by Contributions & Gains](https://i.imgur.com/KVV3Ce6.png) (Gains is all investment gains and dividends) +* [Total Investments Stacked by Account Type](https://i.imgur.com/G0gE31V.png) (Helpful to see rapid acceleration of taxable plus you can see when I started contributing to a mega roth after losing access to contribute to a roth for a few years) +* [Days Between Milestones](https://i.imgur.com/RvlgeHc.png): This was created after a reddit thread on this subject. It tracks the amount of time between $100k milestones. It has flattened out and it is worth highlighting that only in the past 2 years have I ever gone below a milestone. Ie I dropped below 1.4M nearly 5 times before market gains and contributions pushed me passed up back towards 1.5M +* [Retirement Projections](https://i.imgur.com/52nFe04.png): Every year I model out my planned contributions along with very simple 5% gains. + +**Personal Base Salary History** (Later on equity contributes a large portion of my salary but isn’t included here) + +* 2008 New Grad: $37k +* 2009: $44.5k (+20% new job) +* 2009: $48.5k (+9%, performance based raise) +* 2010: $48.5k (No raise this year, switch jobs at the same salary but more room to grow) +* 2011: $60k (+23.7% Performance based raise, it had been >500 days since my last raise) +* 2012: $66k (+10% annual performance raise) +* 2013: $80k (+21.21% Was a raise to get me closer to market salary and an effort for my employer to retain me, went along with a fancy inflated title) +* 2014: $138k (+72.5%, recruited to the bay area as a “data scientist”) +* 2015: $142k (+3%, percentage wise the smallest raise I ever received. Clearly an inflation based raise) +* 2015: $158k (+11%, Promoted during the year) +* 2016: $170k (+7%) Performance +* 2017: $190k (+12%, performance related raise) +* 2018: $210k (10%, promotion) + +**High Level Advice** + +1. Just accept that you have been dealt a good fucking hand in this game called life if you are even in the position to think this is possible. +2. You can’t plan life. If never works how you expect. I could never have planned my career in the way it ended up. Be opportunistic with new opportunities that you didn’t expect arise… but don’t burn too many bridges to get there. (Especially if you work in some of the more incestuous industries like tech). +3. Acknowledge that I am not just one person. Going through the majority of my adult life with a like minded partner has had a huge multiplier. Economies of scale are powerful. Even just needing a 1 bedroom in a HCOL city while you are DINKs can allow for heavy savings in key early years. Trust me I tried finding another couple with a kid to further take advantage of this but it kept attracting a weird swinger vibe. +4. Don’t overthink it. The basics of FIRE are not complicated. Just save as much as you can. As you progress don’t let life inflate too much and keep your savings rates high. Don’t kill yourself here. Live the life you want now. That might be the same one in FIRE (minus the job) or it could be completely different. But it is your life and you only get one of them. + +**College -> Career Progression Story** + +I am not special. We both graduated in the middle of the great recession with damn liberal arts degrees (economics). I wanted to go into banking but the career fairs at my state university in florida were spartan. Friends with top honors were getting their offers rescinded from the key players and I couldn’t even land an interview. + +Luckily one of those companies still showing up to the career fair had a local internship for “Internet Marketing/Business Development”. I interned with them the entire year primarily doing grunt analytics work in excel running very basic calculations but I was working with numbers and solving real problems which was more fulfilling than I thought. The next year (summer before senior year) I had multiple internet companies very interested in someone with the exact experience I had. I was still trying to get finance related work but outside of selling insurance there didn’t seem to be anything there. I opportunistically took advantage of that random niche experience I seemed to have. + +I graduated and kept working at the company I interned for. I got more and more involved in the analytics side of things and switched to a bigger company where I could learn more from (As well as after a year of no raises). Each job I invested heavily in the technical side of things, pushing my employer to pay for some training classes and showing them the value from those classes. It started with Excel, then SQL followed by Python. Each leaned on the job in an effort to my current job better so I could focus on the next biggest challenge the company faced. Each time I did this I was involved in hiring my replacement for that role and training them. + +4 years ago I get a call from a recruiter for one of the FAANGs for a Data Science role. I never really considered what I was doing more than data analytics, product analytics, web analytics or even just internet marketing but if the bay area wanted to call me a scientist that was fine with me. This was the biggest salary jump percentage wise of my career. That said I wasn’t kidding myself. I knew rents in the Bay Area were insane and calculated that it would only be a marginal raise. I didn’t factor in how much my salary would continue to increase while holding expenses constant. This allowed for extremely sizable savings the past few years. + +My plan was to that for 5 years and go back to Florida and be one those California assholes who complain about how cheap everything is. That said I extended the “5 more years out here” every year. I have continued to progress into a data science manager and feel challenged by the problems I have to solve every day. I still want out but feel it would be insane to leave this beautiful golden goose in what feels like the absolute best time ever to be in tech. +You may have heard about this ‘golden’ formula that can make you a crorepati in 15 years. But it’s nothing more than a hoax. + +According to the 15x15x15 rule, if you earn Rs 15,000 every month for 15 years and expect a mutual fund scheme to deliver a 15% return, you’ll earn **Rs 1,00,00,000** at the end of 15 years. + +Mutual fund agents and companies often sell their mutual fund schemes by showing false dreams. + +# How? + +While you can control the amount and period of investment, you **can’t control the returns** earned from a mutual fund scheme. Not every mutual fund scheme will give you a 15% return over a period of 15 years. + +And the higher the return expected, the higher the risk involved. + +Never trust any TIP or RECOMMENDATION blindly while investing in a mutual fund scheme. + +**Do your own study, gain knowledge**, and choose a specific mutual fund scheme that meets your **financial goals**. +Apes, It's sunday... I'll keep this nice and easy with some pretty pictures and minimal text because like most of you, I can't read anyway. + +&#x200B; + +The Buffett Indicator is the ratio of total United States stock market valuation to GDP. As of August 5, 2021: + +#### Aggregate US Market Value: $54.6T + +#### Annualized GDP: $23.1T + +#### Buffett Indicator: $54.6T ÷ $23.1T = 237% + +&#x200B; + +[Trend line where we should be but we are pushing all time highs because fun!](https://preview.redd.it/u1log4ebkkh71.png?width=1320&format=png&auto=webp&s=88d1ea87e09dc6dd25752cfb0c62d535688ebb95) + +[Historical context of all time high with pretty colours](https://preview.redd.it/jkntut8ehkh71.png?width=1320&format=png&auto=webp&s=609e8f2b34d8f892fceaebb82371107523558b7a) + +[Lowest interest rates of all time make bonds pretty pointless so even boomers move to \\"riskier\\" stocks pumping the price of the market even higher as they look for that sweet, sweet 6&#37; per year return.](https://preview.redd.it/xefe0b3chkh71.png?width=1320&format=png&auto=webp&s=c21391d11e123696ad8e72b1d3bd1cdf9d2e16e7) + +&#x200B; + +[RRP market, apes fuck with this so I won't explain but again... all time high. ](https://preview.redd.it/90064cx4gkh71.png?width=1168&format=png&auto=webp&s=4137e8e11dec869cfd1af7c1bdb113ce60887832) + +&#x200B; + +[\\"I'm in long term danger\\" - Ralph Wiggum probably](https://preview.redd.it/tdzlibjckkh71.jpg?width=798&format=pjpg&auto=webp&s=5e4e695e4b0a1475443efd6a51466f6bab6e7516) + +&#x200B; + +[Inflation rates... just look at 08 vs right now. ](https://preview.redd.it/bb5770efkkh71.png?width=816&format=png&auto=webp&s=846a4c272af05cf2d5431746703cf87d4f7e0ca0) + +The debt limit -- the total amount that the federal government is authorized to borrow -- was set at $22 trillion in 2019. It will adjust to the current level of debt -- which had risen to $28.5 trillion as of the end of June. + +&#x200B; + +[Ooops. ](https://preview.redd.it/fhomwl14ukh71.png?width=800&format=png&auto=webp&s=206a98c76369274a5543f429e875cebdc3e5d4c6) + +&#x200B; + +[When the US would default on it's debt if \\"extraordinary measures\\" aren't enough and no new agreement can be met.](https://preview.redd.it/cxqa7f17ukh71.png?width=800&format=png&auto=webp&s=b7805f629389bb003c12f5422670bea2c614837f) + +&#x200B; + +[Negative beta of -24.99](https://preview.redd.it/qvsp57ajkkh71.png?width=1911&format=png&auto=webp&s=102fbca4c3a324dbc59421f7607d32d6c845325c) + +What is beta? + + +Essentially, beta expresses the trade-off between minimizing risk and maximizing return. Say a company has a beta of 2. This means it is two times as volatile as the overall market. We expect the market overall to go up by 10%. That means this stock could rise by 20%. On the other hand, if the market declines 6%, investors in that company can expect a loss of 12%. + +I'll let you imagine what a negative beta of nearly -25 would mean. + +&#x200B; + +Finally, a quick list of some stock market crashes. + +20th September 2018 - Crypto & Market crash + +16th September 2008 - 08 Crash + +16th September 1992 - Black wednesday + +13th October 1989 - Friday 13th mini crash + +19th October 1987 - Black monday + +24th October 1929 - The Great depression + +&#x200B; + +My tits are at all time highs!!!!! +I took my kids to our local GameStop on a whim because they mentioned a couple Nintendo games that they want. Yes, being a GME shareholder has done this to me, because I am all about supporting my favorite company. + +Anyway, I got to talking with the sales associate about how our mall is dead. We have one tiny mall within an hour of home, and it was recently purchased by a company that has been trying to clear out all the stores by doubling, then tripling the rent. We've lost every single anchor store, and about 95% of the interior stores. Our food court is down to one pizza place and one Chinese place. Brick and mortar establishments have been dropping like flies, and the mall is so barren that all of the empty storefronts have been walled off and painted with murals. You can literally look down an entire corridor and see only 1-2 shops. + +Despite all of this, our GameStop still survives. Not only does it survive, but it THRIVES. + +The associate said that their store does a crazy amount in sales. In fact, they are one of the top performing stores in the district. He said that there is often a line out the door when he shows up to open in the mornings. + +He said that things took a big turn after the "Reddit stock thing" happened. He admitted that he doesn't know much about what's going on with the corporate side of things, but he did feel like the "Reddit stock thing" saved them. + +According to him, the regional manager is a much different person now. He isn't stressed and upset like before. He's upbeat and positive. Regional conference calls are actually a good time, rather than the doom-and-gloom that they were before. + +Retail stores have been hurting everywhere, but they've been hurting a little extra here where I live. I have watched SO many retail stores disappear in my local city. Lots of jobs lost. Most of our shopping options are limited to Target, Walmart, and Kohls. It feels DAMN good to be part of a movement that saved a company, and preserved so many jobs. + +I know that GameStop is shifting in to an e-commerce company, and I'm sure that there are physical stores that will be closed in the future. But seeing this little video game store in this little city in Upstate New York (Kingston) thrive where almost every other B&M store couldn't survive does my heart good. + +It also makes me bullish AF! 💎 🙌 🚀🚀🚀🚀🚀 +Most of the Fire and leanfire community are fully invested in index funds or a three fund portfolio. I imagine fatFIRE has some more investment diversity. Some of us have trust funds, some have large holdings in individual stocks we get through equity arrangement, some of us just have very high salaries that make fatFIRE possible. + +How many of you achieved fatFIRE through real estate? Anyone who would have never achieved it without real estate investing? At this level, we all have unique and interesting paths. No two people took the same road. I’d love to hear your stories. +Two years ago my wife (F44) and I (M49) were cranking away towards FIRE by maxing out my 401k (~$500k) and our IRAs (mostly Roth totaling ~$150k). We had $15k for emergency savings, a taxable $50k in VTSMX, and combined incomes approaching $200k. Remaining mortgage was ~$95k on a home worth ~$210k. + +&nbsp; +&nbsp; + +**We had to decide, what to do with our extra savings? Do we invest it or do we pay off the house?** + +&nbsp; +&nbsp; + +We decided to pay off the house. Every spare dollar went towards that effort and that goal provided incredible clarity as to where our money should go. + +*Two months after paying off the house, my wife lost her job because the company was facing financial hardships.* + +&nbsp; +&nbsp; + +**And it was no big deal.** She was able to take 4 months off to finish projects around the house, regroup, and find another job. It was wonderful and gave her a chance to experience what FIRE could be like. + +&nbsp; +&nbsp; + +There's a lot of debate as to whether or not people should pay off their mortgage early, but for us in our circumstances, it made sense to do so and we're so happy we did. I don't get emotional about money but when I made the final payment via a phone call to the bank and the woman assisting me said "congratulations", well let's just say it was a damn good feeling. +I own a few stocks that have dropped 20-30% below my cost basis (guess when I started buying individual stocks after investing in only ETFs for a long time). Selling at strike prices above my cost basis would give me peanuts and it doesn't seem worth it. +Psychologically I am very reluctant to sell below my strike price, although I could have earned some extra cash if I did in most cases. I wanted to understand what people typically under these circumstances. +Happy 4th everyone! My wife and I are currently working overseas, but looking to relocate to the Midwest at the end of this year. + +We have been considering using our cash savings to build out a rental portfolio of multiple homes in the 75-100k price range. + +We currently own and manage two cash flowing SFHs and have another 250,000 cash. We would like to use our current savings and leverage this out to at least 1,000,000 in homes with the goal of this being our primary income. + +Using the 1% rule, our plan seems like it should be possible although we don’t know how realistic we are being with the numbers, current interest rates, and the market. + +Does this seem possible, or are we being too optimistic? Any advice or insights you have about the realities of this idea. +Hi folks! + +4 days ago I said that if Hertz did not declare bankruptcy before Monday, I would eat my left shoe. Link to post: + +[https://www.reddit.com/r/investing/comments/gm7ekx/hertz\_to\_pay\_executives\_key\_employee\_retention/](https://www.reddit.com/r/investing/comments/gm7ekx/hertz_to_pay_executives_key_employee_retention/) + +Well, I was right! Hertz has filed Chapter 11 bankruptcy. Link: [http://ir.hertz.com/2020-05-22-Hertz-Global-Holdings-Takes-Action-To-Strengthen-Capital-Structure-Following-Impact-Of-Global-Coronavirus-Crisis](http://ir.hertz.com/2020-05-22-Hertz-Global-Holdings-Takes-Action-To-Strengthen-Capital-Structure-Following-Impact-Of-Global-Coronavirus-Crisis) + +It's over - I hope you bought many puts :) + +Thanks to Hertz, I can continue wearing my favorite shoe! + +Best of luck to all. +I love Forex trading of what I know so far that is anyway I’ve been looking for something I can get into, learn that I can earn extra money from, for a while. I’ve been doing it for 2 months now mainly following signals but placing small trades when I see patterns I recognise. + +So far it’s been a very expensive start for me due to poor money management, lack of patience, holding losing trades for too long and probably over enthusiasm. Things I know I’ll have to fix if I want to make money trading. + +Of course I still have loads to learn and I’m not saying if my money management etc was right it’d already be profitable + +What are some big things you’ve had to change about you personally to actually become profitable? + +I think the fact I attach the wins and losses to an amount in money/ value rather than pips doesn’t help me either. + +I'm making this post in response to u/bvttfvcker and more generally to get some feedback on my thought process. It reminded me of something I had learned recently by following a rabbit hole here on the sub. + + +This is NOT FINANCIAL ADVICE! I have no idea if any of this is right, that's why I'm crowd sourcing an editorial squad. I have practically no experience in stock. + + +The [Brazilian Puts](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/?utm_medium=android_app&utm_source=share) have left the question of: Why isn't the price suddenly skyrocketing under the pressure of full force moon rockets now that an assumed 100 million of theoretically sellable shares is off the market? Was it really a glitch? [u/bvttfvcker's post](https://www.reddit.com/r/Superstonk/comments/qa28sg/what_the_actual_fuck_is_suppressing_the_price/?utm_medium=android_app&utm_source=share) raises these questions and I think I have some answers. + + +If these things even exist, what are they and why are they there? u/6days1week [explains the what like this](https://www.reddit.com/r/Superstonk/comments/qa28sg/what_the_actual_fuck_is_suppressing_the_price/hh0bex6?utm_medium=android_app&utm_source=share&context=3): you have a credit card debt of $10k. You use another credit card to pay off the $10k. You buy $10k worth of stuff. Now you owe both credit cards $10k each. You can make credit cards and can do this forever, increasing your debt whenever you feel like it and never having to pay it back. A great way to describe it. Love it! + + +In this situation, the put is a credit card worth 100 shares. At an upfront cash loss (the premium) they get some GME back for while in the form of "We will buy back shares when the price GoEs bAcK to NoRmAl". The put and a promise of the price tanking is enough to bring your margin call down a few billion dollars when you run the show I guess.  + +Let's take a second to define our imaginary contract. The contract in this scenario says I get to sell my broker 100 shares regardless of price, but I'm losing money if I sell them above the strike price. So if the strike price is 5 dollars I want the price below that. Plus I have to pay them for making this contract; we'll say it's 10 bucks (this is the premium). Even though the strike price is 5 dollars, I won't be profitable until after the shares hit 4.90. + +If they had to execute those contracts the loses could be incredible. If they tried to execute them, however, someone still has to find those shares where ever they can. Almost twice as much as actually exist not including what's locked up already. They were never planning to unless that was a back up plan of some sort. + +The price would skyrocket and they would go bankrupt before they even found half of them. T+2 is when that is supposed to happen. So the only explanation is that they didn't execute the contracts if the price doesn't rocket. + +That leads us into how options affect the market. As promised here's my rabbit hole story: + +On September 22nd Michael Burry retweeted a Twitter market account by the name of The Last Bear Standing. The tweet has since been deleted but you can find it in on the Burry archives. He retweeted a post on evergrande by The Last Bear Standing and said read everything this dude says if you want to learn and be cool. + + +And so I started reading until I hit August 8 and [this beauty](https://twitter.com/TheLastBearSta1/status/1424833306781159433?s=20). TL;DR this is how puts affect the price of a stock. 1 put option and 1 call option both Out of the Money by the same margin (5 dollars for example) are not equal. The put contract weighs the price down more. Then it also concludes that puts are not a reflection of market sentiment, but more likely are the cause of the trend altogether. They are talking about the interactions between spy and vix specifically but the principles would have to be the same. It really is an informative read, and the author explains it well with lots of graphs. + + +Now if all of that seemed obvious to you and you gave up on me I understand. I apologize for my lack of flashy title fonts and absence of graphs and pictures. But here comes the pay off for those of you that stuck around.  + + +Why isn't the price headward free now to rise after T+2? They should have no choice but to close their positions or meet ridiculous margin requirements again since the they lost that bank of imaginary shares. + + +But think about the Swiss cheese cost basis you got from vendors (can't call them brokers anymore) like Robbin da hood. They don't have to know where the shares are coming from until you transfer out. The payment for order flow gang doesn't buy your shares, you're just a number in their book. The name of the game for them is never hedge anything and wait for dumb money to sell.  + + +Simply put, the share will never have to be covered because the buyer will probably sell it in less than a month.  + + +Place a buy through a PFOF vendor, and it gets shipped to the internalizer. Now they have a customer and a buy order so they get to do their favorite thing and use an AI to find a sell through NYSE at the lowest price possible. But why should the share go right to that customer? There's a perfectly good FTD from last month waiting to get covered in the internalizer. This new buy order can sit in the internalizer forever because PFOF doesn't buy it they just send MM the buy order. Neither does the MM most likely. MM just says yeah I can cover that. + + +Oh what's that, short selling and a manipulative AI utilizing a giant spread to try and tank the price convinced the new order to sell a few days later when the price shot down? Well they don't need to worry about finding him a share, but leave his FTD in the system for a few days. I mean the market is t+2 not t+0, no one can get mad. They can use that sell order on the market and bring down the price. Oh what's that, they are the buyer too for that share because they put up a buy order for 60 million shares at just under market price to gobble up all the sell orders they can and then sell them again later? + + +Let's face it, we don't need to know exactly how and when the crime happens but we've seen enough of a paper trail to know at least the fundamentals. Every single buy order or sell order can probably be tilted inside the internalizer to fit just right with the most possible time to close every single order left in live action. + + +To me, and please correct me if I'm wrong, this means Friday didn't start T+2. The counter only will start Wednesday for T+# of days until the shorts really start to feel some January style heat. They've had months to sit around and plan this thing out and you think they weren't prepared for this with 100mil synthetic shares ready to go?  + + +Remember how insane volume was 6 months ago? They covered every share they needed plus some for shorting this week. And maybe next week too. But now they have a real deadline. Those 100mil shares aren't there anymore to drag the price down for max pain or to fight off the gamma ramps. And they certainly aren't pretending to be shares anymore. Although anyone's guess if they even existed in the first place. + +TL;DR + +I believe the puts were real and did expire. SHF have successfully shuffled orders around in their internalization method to not need them to represent shares. + + +This should come with negative consiquences for them. It would seem like losing those puts would give an actual deadline for FTDs that have been juggled by the internalizer. Also buying and holding should have a greater effect on the price. Every DRS share is worth multiple synthetic shares to them or more because they have less ammo to work with and a shrinking true float size simultaneously.. + + +If anything I would have been surprised if 100mil shares ended the whole dance on the spot. That's probably only 10% or less of how many synthetic shares are out there. + + +TA;DR + + +Buy, Register, Hodl. + +Edits + +Formatting and minor details for clarity. + +Edits + +Had to fix my put explanation. I'm a special type of retarded. Ridicule as necessary. Here it is to make the ridiculing more accurate. Praise be to be u/dahnilla for being a wrinkly adult. + +~~Let's take a second to define our imaginary contract. The contract in this scenario says you can buy 100 shares from me if they reach $2, but you only have to pay $1.50 each. So if you're right about the $2 price for GME (Wrong type of special, bro) you get my 100 shares at $.50 per share cheaper than market price essentially making $50, $25 in profit. If I'm right about you being wrong I make $25 bucks and keep my shares. I'm sure that's not the exact pricing of current $2 dollar puts but that's the basic idea. + +So for a fire sale discount price (probably less than 1% of the cost you'd pay even if the price for every share was current market price and price didn't change with all the buying) you get to have an assumed 100 million shares on your books. I never realized just how helpful that was for short sellers until I went down that rabbit hole I promised you~~ + +Doesn't change much except now you know how bad I need proof reading. + +Edits + +At one point I referred to Wednesday and T+2 in the past tense. + +How much should a male like myself be spending on food per month? + +I am going into the professional world soon and am looking to carve out a rough-estimate budget for myself. + +I like to eat pretty good quality food and was thinking of spending up to $500 a month. Is this reasonable? Too much? Any thoughts are welcome +Hi/Guten tag, + +I'm a New Zealander thinking about moving to Germany in a year or so to get into the cannabis industry. I have 1 year experience in the industry in Canada, and now 1.5 years experience in New Zealand (2.5 years currently, over 3.5 years by the time I would move). I also have a Bachelors degree in Commerce and aeronautical engineering experience. + +I am hoping to get some insight into what it is like financially to live in Germany, perhaps salary range potential (for example at an operations manager/technical manager level) or where to find it, and if I would find immigration difficult. If I decide to pursue this path I would try my best to learn German before moving, that being said is there a large barrier to employment if you are first language English speaker with only basic German? + +I am tossing this idea up with simply changing my career (again) and getting into IT and moving to London (simply for the money, and ability to work from home and future prospects. IT salaries seem like nearly double any other career, and NZ housing crisis is terrible and I feel like chasing money is the only way to have a shot at retirement). + +&#x200B; + +Thanks for reading, I look forward to reading any response. +As we all know XRT is by far the most abused ETF for the purpose of GME share creation. As some of us know, past friday December the 16th was OPEX and quad witching, with a T+2+2 timeframe for resolution. GMEs options chains show that volatility shorts flipped to long volatility. This means they are expecting and are prepared (hedged) for an OPEX run, that may still take place today. However, for this to happen, ETFs, mainly XRT and IJH, must buy to rebalance their NAV. I can't find info on IJH, but XRT has $-848k available according to their own page (https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt ), so it can't afford to buy. This isn't normal, ETFs should be cash rich! Before saying "crime", know that this is a situation we've never encountered before in this saga! We'll see what happens, but all we can conclude for now is that somebody hasn't paid their due fees to XRT! +I hit my coast FIRE number recently ($200k) at the age of 28 while earning $30,000 or less per year. + +However, I regret my entire life. Why? Because of my unhealthy fixation with money. I would simply never spend it. I always like seeing the numbers increase from the age of 8 years old (allowance money, selling candy, bank account matching by my parents to encourage saving). + +I did not take any risks in life. I did not look for a high paying job. I did not experiment socially with dating, networking, or travel. + +Saving was easy because I didn't do anything. I spend most of my time thinking about my savings, trying to reduce expenses, bored, or working. I don't think of greater opportunities for self-improvement. No social growth. Never kissed a girl, etc. + +When I got my first job, I felt so aimless after hitting a certain saving metric (maxing my IRA). What now? What's the point of working? I was clueless and native but still, the issue was a lack of deep fundamental purpose in life. + +So now I have this somewhat big amount of savings, technically coast FIRE, but with no goals. + +What would you recommend? +This is going to be a new series which I discuss books I have read and give summaries along the way and lessons I have learnt. The first one I’m going to go over is the intelligent investor by Ben Graham that I personally think is one of the most well respected and known books in finance, largely because Buffett sees Graham as the father of value investing, which is largely against the majority of stonks mentioned on here. But anyway my point is he was well respected and isn’t some guy claiming to be a financial guru offering some $50-$200 finance course which teaches you jack shit. Now the books I cover will be largely investing focused and a bit more intermediate than basic books like the barefoot investor which I think is largely common sense and I don’t understand the hype around him, but that’s another debate. + +The intelligent investor is a book which focuses extremely on value investing and is not a fan of things like speculating and changing strategies, its all about understanding a company and then finding a good safety margin to invest in. this doesn’t mean just finding some great company, but also considering the great company may be overpriced and you may need to wait, which isn’t the best strategy these days for everyone, but is one I still think can be used. Ideas like Bitcoin would be dismissed very quickly and Graham would be rolling over in his grave at these ideas. Now, because the book is so long ill be doing a 2 chapter summary each time to keep the length down. + +Chapter 1+2- Investing, speculating, inflation! + +The first thing that is covered is ensuring the reader has a clear understanding on Grahams views of speculating compared to investing, he explains that investing is having a solid understanding of a company which allows for adequate returns and a decent safety margin, if these features are not met then it is a speculation. This doesn’t mean you cant speculate stocks if you want to, but he really emphasises that you need to understand your strategy and to stick to it, don’t speculate and try convince yourself you’re investing as you will just get into a bigger and bigger hole. For example, to use an extreme example, Afterpay by these definitions would be considered a speculation for multiple reasons. The first one is it doesn’t allow for adequate returns, the variance is so extreme that your returns will be extreme and does not meet this criteria. The next point is that the company the last 2 years has constantly being expanding into unknown territory and it would be extremely hard for anyone without hindsight 2 years ago to say with confidence that there was a high global value and safety in the company. + +Graham then highlights that there is 2 main types of investors, defensive and aggressive. Defensive investing is what we will cover first and is a bit outdated but can be adjusted to todays times. The first point is that they believe a balance between bonds and high grade (blue chip) stocks, with bonds never reaching below 25%. Now you may think bonds? What the fuck am I, am underwear model? Bonds are where you loan money to the government for set returns. Aus 10yr bonds are currently at record lows in returns and in 1965 for example bonds offered 3.25% on tax-free US government bonds. Now if you check Aus 10yr government bonds are 1.6%, which is still much higher than banks and is a perfect example of why fook saving your money in banks. The book mentions that in 1971, you could get a 6% return from US 5yr bonds, which is essentially a government guarantee is extremely safe, but times were different back then with inflation and interest rates. + +The next thing to consider is the aggressive or active investor. This person will want and expect higher returns than a defensive/passive investor, but the main caution here is to make sure you do not get less returns…WHICH IS WHERE THE MAJORITY OF PEOPLE FAIL! The book then breaks down 3 ways you can do this, the first is trading, which the book mentions is about momentum and buying/short selling to follow the last few % and rinse and repeat. The next one is a short term focus which is buying/shorting a stock which is expected to have better/poorer earnings or macro conditions which you can anticipate. The last one is long term investing and this is what Graham focuses on, because they rule out trading as its not investing and they rule out option 2 by default that the retail investor is buying/shorting on news priced in or is wrong about. + +The last part is commentary provided Jason Zweig who I have no idea who he is but his commentary has been excellent. Now if you remember any part of this, this is what I would like to highlight. In 1999 6 million…MILLION people were trading online and about 10% were day trading. The commentary provides examples and quotes of famous people like Barbara Streisand who said “Im Taurus the Bull so I react to red, If I see red, I sell my stocks quickly”…sound like anyone? The point is retail investors were starting to think they were geniuses with the .com bubble and we now all know how that ended. Wanna hear another example, sure. December 20 1999, Juno online services announced it would give all retail services free of no charge and spend all money on advertising, the share price then went from $16.75 (have a guess what it went to in 2 days) to $66.75. Yes a company which announced it would no longer make revenue and increase expenses quadrupled in value, let that sink in. 12 months later the share price was $1.09. Theres more examples in this chapter alone including Motley fool where the commentary destroys the hype and articles of shit finance gurus and companies were sprouting. + +Inflation! + +This chapter was where I learnt that holy shit, numbers are the only thing that can be relied on because you can find an opinion from some financial person to match your point of view these days, but numbers are the only thing you should trust (Yes, I know that theres dodgy companies who manipulate numbers). The book then gives a very bold statement that essentially unless you have a brick for a brain you should be able to realise a 100% stock portfolio is not a good idea long term, and this puzzled me and I still don’t agree with it, but ill provide his reason why and why I disagree. Now inflation will take away a small % of your gains and this will fluctuate year after year, sure that’s easy to digest and agree with. The issue is that they mention if there is a stock market crash it can take years if not decades to get back to the level pre crash and during that time you have lost out to inflation and would of done better in bonds. Now this is obviously correct, 3% a year is better than losing 50% in a year and then getting 5% returns the next lot of years (as an example). From 1929-1932 General Electric shat the bed and it took 25 years! 25 YEARS! To recover the losses investors had in those 3 years, now that’s a very fooken long time. They use this claim to justify that the next time an investor sees a huge bull market (the past year for us) they will use this idea to justify that the shares must keep rocketing rather than seeing it as a danger sign and cashing in profits. Now I disagree with this because everyone knows there’s peaks and valleys, if you didn’t look up the business cycle and compare it with the stock market. But thinking about it now its evident theres a lot of this thinking online, whether its through US shitty youtubers and reddit posts or even our own reddit posts, and I have now changed my mind and strongly agree with the thinking, but I still disagree that a 100% stock portfolio (ignoring a % in cash) is wrong. Bonds are useful to protect against inflation, but will we see a long drawn out crash again? Well that’s to be debated. + +The last point I want to highlight from the book is that Graham is wrong multiple times in terms of his prediction of the markets after the book or how he would deal with certain dilemmas. One of them is inflation and he says Gold is not useful, because you pay a storage cost and even though gold has slowly risen in price, the storage cost defeat the purpose and bonds would be better. However since this writing, the commentator has cited multiple sources showing that even a small amount of gold or precious metal in a portfolio should not be dismissed as a bad year is not enough to outweigh the good years of gold which can help carry your portfolio through inflation swings. + +This is the first 2 chapters essentially summarised from the book! I cut down the 2nd chapter on inflation after I realised how long the first chapter was, if you would be okay with a longer summary then let me know and ill add more depth and detail into the next part. The book has 20 chapters so this may be a long series! As always this is a recap with my opinions, so if any of this does sound interesting I highly recommend buying the book (revised version) to form your own opinions and learn, it is not a beginner friendly book so make sure you have a basic understanding of the markets in general before you buy. +I don’t know who needs to hear this, but if you are not thinking or performing optimally, you may be making the wrong assumptions about things and making the wrong decisions based on them. + +In my late 30s I finally got my ADHD treated. Prior to this, I couldn’t wait to RE and gravitated more towards LeanFIRE. I was a slacker, a procrastinator, and my sole impressive talent was being able to get good jobs and keep them in spite of these things. I attributed my disposition to a philosophical outlook, that work was bullshit and I wasn’t meant to slave away to help some dipshit founder get his payout when he IPOs. + +But then I got my ADHD medically treated. My philosophy hasn’t changed much — I’m still on this sub for a reason, like everyone else here — but what has changed was realizing what i could now accomplish and what kind of agency I really had. Do I think there’s anything inherently wrong with slacking? No! My all time favorite post from this subreddit was the one from the self proclaimed [shirker](https://www.reddit.com/r/financialindependence/comments/mrxipp/why_i_am_a_shirker/). But do I also *now* see that, at least for me, putting in minimal work has also imposed a salary ceiling on myself? Yes. What has changed is what I am willing to do to improve my circumstances, and how eager I am to do it. + +And almost overnight, I became a hard, reliable worker. I started putting in more hours, more than anyone here would recommend, to expedite some career milestones. I’ve got my eye on Chubby or Fat FIRE now, something I wouldn’t have thought about a few years ago. Instead of focusing solely on how the C-suite at my company will get rewarded disproportionately, I also think about how my work will get me more equity and bigger, more frequent pay bumps, and work towards that. + +**This is not a post about how we should all aspire towards Fat FIRE or become soulless overachievers or whatever.** This is about how all of us, us planners and trackers and milestone-based life-livers, should pay as much attention to our mental health as we do to our spreadsheets. This is just one person’s anecdote and it happens to be about ADHD, but maybe your something-else (untreated anxiety? Untreated depression?) is skewing your world view and maybe you are not planning for the right future. + + +EDIT: Many of you have been asking me questions about ADHD, please see my response here: https://www.reddit.com/r/financialindependence/comments/v6xige/psa_take_care_of_your_mental_health_before_making/ibin5dq/ +E3 kicks off today, Saturday the 12th and goes through Tuesday the 15th! There are rumors of some exciting announcements coming, and even Gamestop is beefing up staff on Tuesday, June 15th for some supposedly big news from Nintendo! + +&#x200B; + +https://preview.redd.it/skec4sb2wu471.jpg?width=1080&format=pjpg&auto=webp&s=30524463af5b4ef5d74ca94ca36507438d937581 + +&#x200B; + +&#x200B; + +# I'M JACKED ARE YOU JACKED?!?!?! + +&#x200B; + +# Oh yeah, and GAMESTOP TWEETED BACK AT ME WITH A LINK!! + +&#x200B; + +[Gif said \\"Wish I was there\\"](https://preview.redd.it/53qzkmsd3v471.jpg?width=1080&format=pjpg&auto=webp&s=82414df7926ca8b4933adc76ae79258d7ab53557) + +&#x200B; + +I'M NOT SCREAMING YOU'RE SCREAMING + +&#x200B; + +Here's how to watch: + +&#x200B; + +# [The Blessed Link from Gamestop themselves](https://www.youtube.com/watch?v=XHI0HmVrQLc) + +&#x200B; + +# [Gamestop's Twitch Channel](https://www.twitch.tv/gamestop) +Edit: I have become aware that Zillow has already launched paid listings in several markets. I guess it's going well. + +2020 has been a strangely good year for companies in the real estate business with demand for homes in many cities jumping. Record low mortgage rates and flexible remote work policies have led to many buyers but few sellers. In June, homes were sold at their fastest pace since [2018](https://www.zillow.com/research/active-to-pending-fastest-pace-27382/). Both Zillow and Redfin have [resumed](https://www.geekwire.com/2020/redfin-zillow-resume-home-buying-businesses-scattered-markets-citing-real-estate-rebound/) buying homes through their iBuyer ventures. Redfin went from laying people off to hiring aggressively. + +Now, Zillow is further monetizing their rental marketplace by making landlords in certain markets pay [$40/mo to list vacancies](https://twitter.com/AyeshaSelden/status/1278817946882789379). + +If they don't completely drive away landlords with this move, it looks like a smart way to improve margins at a time when landlords are struggling to find tenants and prospective shoppers are doing almost all of their shopping online. While it's only select markets for now, if it's successful enough I'm sure they'll expand the policy to other markets. +**Mods please mark as debunked. My research for Part 5 was flawed. When i was doing research for Part 5, I used coinbase which i later learned grabs the info from coinmarketcap.com. And i used their current numbers for that part vs current stock. Most of those numbers were updated 131 hours ago. Which makes it outdated. + +Someone is still trading GME tokenized stock on DeFiChain DEX though. No idea why. But regardless, my conclusions don't make sense now given part 5 is wrong + +I still stand by Veris being used for equity swaps and tokenized stocks being used for those swaps. But disregard everything else. Please downvote post to remove from top of page** + +~~Ladies and Gentlemen, we got em!~~ + +~~TLDR: Tokenized stocks are used for blockchain equity swaps. These tokens have been de-pegged, meaning the value of the token and stock is not 1:1. They are intentionally keeping the token either higher or lower, depending whether they are short or long that security. Given the swap is based on the value of the token and not the equity, they are manipulating their positions within the swap~~ + +~~Please check out the DD/Speculation I uploaded yesterday for context:~~ [~~https://www.reddit.com/r/Superstonk/comments/yx7geo/total\_return\_equity\_swaps\_are\_connected\_to/~~](https://www.reddit.com/r/Superstonk/comments/yx7geo/total_return_equity_swaps_are_connected_to/) + +~~TLDR of this DD: Banks and Hedge Funds are using Veris developed by Axoni. Axoni is a blockchain solution for equity swaps. Veris allows for all parties on a trade to match and confirm all trade terms upfront and remain synchronized on post-trade events such as amendments, positions, and cash flows through the lifecycle of the swap. Axoni uses tokenized stocks for its blockchain solution which are pegged 1:1 to the equity they are representing.~~ + +u/dibrickishaw ~~was able to confirm this in his own post (check it out) by finding an article which states: "But the exchange (Binance) does not provide a formal investment prospectus that would be required if it were deemed the stock tokens constituted “securities” under European regulations. CM-Equity said the product was Mifid II compliant and~~ **~~worked as a certificate for a total return swap.~~**~~"~~ + +**~~Part 5: FTX Collapse and de-pegging of tokenized stocks~~** + +~~Tokenized stocks have de-pegged from the securities they are supposed to represent. GME tokenized price: $24.89 | GME Stock Price $27.76. Most tokenized securities dropped in value. I assumed this was due to FTX collapse and all tokens were now slowly dying off.~~ + +~~Well this was false. Not all tokenized stocks dropped. GameStop token dropped, Popcorn token dropped, and many others. However I managed to find a few that didn't drop but increased in value relative to the equity they are supposed to represent and some that dropped in value.~~ + +~~Amazon stock: $94.85 | Amazon Token: $107.00~~ + +~~Tesla: $183.17 | Tesla Token: $189.50~~ + +~~Apple: $150.72 | Apple Token: $153.34~~ + +~~Nvidia: $156.77 | Nvidia Token: $145.40~~ + +~~Pfizer: $48.33 | Pfizer Token: $$45.00~~ + +**~~Part 6: I see you Citadel~~** + +~~This doesn't really make sense. Why are some up and some down? Maybe due to demand? Maybe FTX blowing up? But who is still buying these shit coins!?~~ + +~~Do you know what GameStop and Popcorn have in common? They are shorted by hedge funds/banks. These tokens are lower than current stock price.~~ + +~~Do you know what Amazon, Tesla, Apple have in common? They are held by Citadel and used as collateral. These tokens are higher than current stock price.~~ + +[~~https://hedgefollow.com/funds/Citadel+Advisors~~](https://hedgefollow.com/funds/Citadel+Advisors) + +~~Do you know what Nvidia and Pfizer have in common? Nothing. Irrelevant to this saga as far as am aware. These tokens are lower than their stock price. (Everything short theory)~~ + +**~~Part 7: Conclusion and Speculation~~** + +~~I believe that tokenized stocks are used for collateral and for equity swaps purposes which is utilized by blockchain solution Veris.~~ + +~~I believe tokenized securities were de-pegged in order to prevent hedge fund/banks equity swaps from blowing up. Increase the token price of their collateral for more collateral and lower the token price of the short for lower margin requirements.~~ + +~~Veris blockchain solution is literally living in a detached world to make sure the equity swap positions on the platform do not blow up. Therefore they are manipulating the token price which affects Veris and their swap positions. If their equity swaps were not on that blockchain solution, I suspect they would've blew up by now. Clever but very fraudulent strategy. Anything for one more day. This is why they are holding their swaps on blockchain. Because tokens can be manipulated to not be part of reality.~~ + +~~DISCLAIMER: UNDER NO CIRMUSTANCE SHOULD YOU BUY THESE SHIT TOKENIZED STOCKS. STAY AWAY!~~ +I live in Canada and was bracing for job loss. My husband's job is essential and he just got promoted, so we weren't freaking completely out, but beginning of February I immediately went into extreme frugal mode. 'Just in case', I said. I basically re-budgeted as if I didn't have an income again. A huge saving grace was the fact I paid off my CC recently, and negotiated a lower rate on my LOC. + +Since February, I've been bracing at work. We found out we fall into the essential category, so my employer stayed open. Lay-offs happened, and I somehow made it through. We were told our employer could hold out for 2 months without income before a second round would hit. We were told to expect pay-cuts as well. + +This week, we switched gears and branched out to a new division for our products. It has been a huge turning point. I no longer need to take a pay cut to keep my job. We are going to be beyond busy in the next two weeks, forecasting into the entire summer. + +I picked up the mail, and our mortgage rate was also successfully reduced due to a drop in prime. All my bills are paid for the month. My paycheque hit my account last night and I finally broke down into tears. There was no reduction. It was a full pay cheque. + +Always prepare for the worst. Just in case. +hello. + +i do not qualify for tv licence, i simply do not stream or watch live news/tv at all. + +&#x200B; + +i keep getting these "threatening" letters of inspectors visiting my property soon. is this even legal? can they step inside? just curious about this +Just finished reading Die With Zero which is often recommended on this sub. + +It offers great advice on maximizing life while you have the time, money, and health. And it promotes rational saving/planning over fear based saving for unlikely events. + +Right now I have funds allocated to cover a minor disability (not enough of a disability to trigger long term care, which can be insured). For example, if at some point in life I need a walker for mobility I want to find a small remodel and fund a helper. Die with Zero would not recommend this. + +What do you do? +My coworker is originally from Spain and has been living in UK for 5 years. Never had a debt or even a credit card usage. His mum got really sick and had to help her with expenses for private hospitals in Spain. He got different loans from banks (total of 30k) as his credit score was really good. He paid for a few months but now he needs to move back to take care of his mum and he won’t be able to pay his debts. + +He believes if he doesn’t tell the banks that he moved away nothing will happen to him if he stop paying. He won’t ever come back and stay there even if he loves living in Uk. I know he is desperate and not thinking clear and I told him they can still find him. He asked me how and honestly I didn’t know how to answer that. + +Can they possibly find him in Spain? Even if he doesn’t tell nobody in UK? I need help so i can advice him to find another solution! He’s a good man but I believe her mum’s situation is blinding his mind. +[u\/bye\_triangle u\/pinkcatsonacid u\/Grungromp](https://preview.redd.it/2ot06yxivh471.jpg?width=1426&format=pjpg&auto=webp&s=e98f2afd1ed9489be0b91d99153ba0135e52401e) + +# _______________________________________________________________ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +# _______________________________________________________________ + +# Today's Recap 📉 + +# $GME Closing Price: $220.67 + +# Open Price: $282.00 + +# Daily High: $288.00 + +# Daily Low: $211.00 + +# Volume: 22,437,670 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🖍🍎🚌GME 101🚌🍎🖍** + +*If you're new to Superstonk, start here!* + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I am back again but have no fear, Pink will be back for the Friday edition of The Jungle Beat, tomorrow. Thanks for being so understanding! + +Also, regarding today's price action, here are my thoughts:At this point, the price doesn't even matter to me. I have been on this rocket since February 1st, and since then I have seen them throw everything they can at the stock to suppress the stock and the sentiment surrounding it... The manipulation of this stock is so blatant at this point, it laughable. Some of you may have heard the saying about how a magician never does a trick for the same audience twice... Well, this is why. + +We have had months to analyze price fluctuations in concert with other data points, tracking all these different indicators and how they react to certain events. We know how this game is played now and not even dipping back to double digits could stop me from buying more. If there is uncertainty brewing, all that one must-see is the fact that we went up for two straight weeks on no news at all-- Suddenly, we get a bunch of good news all at once, and the price drops by nearly 100 points... [OBV isn't budging](https://www.reddit.com/r/Superstonk/comments/nwqrsw/nobody_is_fucking_selling_obv_remains_on_a/) and neither am I 💎🙌 + +I love this stock and I am going to wallpaper my house with GME shares if they make me wait long enough. This company is about to explode in popularity and I got nothing to lose by waiting. + +Cheers,B\_T + +^(P.S. I totally bought the dippest of dips today, and it felt) ***^(amazing)*** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Executive Additions** + +[Credit: u\/Ill\_Illustrator9776 https:\/\/www.reddit.com\/r\/Superstonk\/comments\/nwlqdt\/ ](https://preview.redd.it/o9dsxich1g471.jpg?width=640&format=pjpg&auto=webp&s=376dea47d9f7da70f6c3ee09e859181a0ef6b7c1) + +This had me in stitches 😂 + +Yesterday we got the news that Matt Furlong is the new CEO of GameStop and joining him as CFO is Mike Recupero. Both of these guys are ex-Amazon, both holding high ranks within that company for many years. So, for those keeping track, the ex-Amazon roster within GameStop's C-Suite is as follows: + +\-Matt Furlong **C**hief **E**xecutive **O**fficer + +\-Mike Recupero **C**hief **F**inancial **O**fficer + +\-Jenna Owens **C**hief **O**perating **O**fficer + +\-Elliott Wilke **C**hief **T**echnology **O**fficer + +\-Matt Francis **C**hief **G**rowth **O**fficer + +^((And that not even mentioning the amazing team being built below the executive suite. They have been building out a robust team for months.)) + +Now, I am not a huge fan of Amazon. They are completely destructive to any sort of competition which I believe is a healthy part of life. That having been said, Amazon is a hugely successful business that essentially prints money, and apparently even more so when there is an existential threat like the pandemic. So, I think that this team is going to do wonders with GameStop. I think under the guidance of Ryan Cohen and the addition of Chewy executives, GameStop can take on Amazon and others in the gaming industry... which honestly, shouldn't be too hard given how little attention its competitors actually pay to that side of their business. I am incredibly bullish on what comes next. LFG + +***So much for GameStop going bankrupt*** **😅**\*\*\*.... Sorry short-sellers, it's time to give up.\*\*\* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**😵Counting Confusion 😵** + +Yesterday there was a lot of FUD going around right as the vote numbers came out. Thankfully, you brilliant Apes squashed this in no time. For those that missed it, this was many people's reaction to seeing the documents: + +***oH nO?! ThErE wAsNt OvErVoTiNg!!! SqUeEze OvEr.*** + +[Credit u\/PiezRus https:\/\/www.reddit.com\/r\/Superstonk\/comments\/nwa8bl\/ryan\_cohen\_be\_like\/](https://preview.redd.it/jvcyjlkbdg471.jpg?width=500&format=pjpg&auto=webp&s=62e4cdc37114b43c71be0967413812160c2cd5e6) + +**Turns out, it is even more clear now that there was overvoting.** + +When a company receives more votes than shares in existence, they cannot publish that number on their 8k and go about their business. This is something that got largely overlooked in our AMA with Wes Christian. + +What happens is, the votes get "trimmed" to reflect a more possible number of votes, and the company gets informed of the real number. It is obvious that the number we were given does not reflect the vote, because if accurate that suggests that almost **EVERY SINGLE SHARE** was voted... and as much as we really wish that could have happened, we know that within our community there are many apes who couldn't vote. + +That's not to say that the true number of shares out there is this number we were given + the ones that couldn't vote. What this really means is we have evidence that the vote was trimmed and likely by a lot. Unfortunately, the ball is still in GameStop's court with regards to the true number. Though I would expect to hear something about it from them soon, it is their fiduciary duty to their shareholders to deal with the situation, and we are all watching and waiting. + + +Edit 4:49 PM: Here is an informative DD on this matter from [u/greysweatseveryday](https://www.reddit.com/user/greysweatseveryday/) +[PSA: The Votes Are In! Here's all you need to know.](https://www.reddit.com/r/Superstonk/comments/nwc4mi/psa_the_votes_are_in_heres_all_you_need_to_know/?utm_medium=android_app&utm_source=share) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**💰💲Earnings 💲💰** + +25% net sale increase across the board. Talk about Deep Fucking Value, this company is currently waaaaaay undervalued. Furthermore, they beat "Analyst" estimates by 50% earnings per share... + +You can look further into the earnings report here: [GameStop Corp. Quarterly Report](https://sec.report/Document/0001326380-21-000066/) + +***I am starting to doubt these analysts really know anything at all 💀 lol*** + +With all the documents that came out yesterday, all at once, there are still many wrinkle-brains that are combing through these pages. I think there are a lot more breadcrumbs to find within these fillings, but it will take time. This ape knows what's up: + +[Superstonk 101: Wait a couple of hours and the truth will come out](https://www.reddit.com/r/Superstonk/comments/nw6mz4/superstonk_101_wait_a_couple_of_hours_and_the/) by u/Cheapseats87 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🐵 Monkey Business 🐵** + +It sounds like everyone had a great time watching Monkey Business yesterday. We had a list of topics that were going to be discussed, but due to the large influx of new information that came out just as we were starting-- it went off track a bit... + +All things considered, I think it went really well for our first episode. I am really looking forward to future editions of Monkey Business. Please let us know what you thought, we encourage constructive feedback! Also, if you are interested in participating in Monkey Business as a guest, or you have a topic in mind that you'd like to see discussed, please let us know! + +If you missed yesterday's stream, you can watch it back, here: [Monkey Business](https://www.youtube.com/watch?v=UDKC_oXqhGM) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🤖 Satori, Cyber Security, and you 🤖** + +We have been sending messages to approved users from [u/satori-blue-shell](https://www.reddit.com/u/satori-blue-shell/). We realized that this may cause an unintentional security risk. To remove confusion in the future, all messages will be sent directly via the subreddit. You can recognize an official message when the sender information contains "via [r/Superstonk](https://www.reddit.com/r/Superstonk/).” (see below) Any other message from an account claiming to represent Satori should be reported to the moderation team. + +[ Examples of Official Satori Messages ](https://preview.redd.it/jdx20ia9og471.png?width=1342&format=png&auto=webp&s=bde753082a2b7e3ef4f9fb530be8a51a8618e771) + +**The Next Evolution in Seeking the Blessing of Satori** + +When we launched Satori just over ten years… wait… one week ago (time is meaningless right now apparently) we were confident that the tool we had developed could be very valuable to this community. We hoped Apes would be able to see the incredible potential this had to be a total game-changer, but we never imagined this level of positive response and immediate support. Thank you all for your trust and assistance. + +Wanting to make sure we do right by the community, we’ve been hard at work to make sure Satori is the best tool we’re capable of making. From the moment of reveal we’ve been having Apes inquiring how to get Approved status. We’ve had great success with our current system, and we’re now announcing that we’ve made a significant upgrade! From the time of this post forward (like in the comments to this post, if you’d like) if you comment **!apeprove!**, you will send a message to Satori to enter you into a priority list to be approved. You will also then receive a message through the official method (as highlighted above) outlining the updated process. + +We are so happy that we can now give frequent commenters and those right around karma limitations the ability to join the fold of the Approved as soon as possible! + +A couple of quick points: + +* You only need to comment !apeprove! once to be added to the queue. Spamming the command will not speed up your process, and can result in your removal from the Approval queue completely. Shills spam. Don’t do it. +* If you are already an Approved User, then you do not need to do anything more! Keep enjoying the omniscient benevolence of our robot overlord! +* We are now also moving to prioritize Apes who are below- or just above current karma requirements. We want to be able to contribute without the fear of being downvoted into silence. +* REMEMBER: Approval is not an endorsement. It does not mean anything beyond the fact that an account has yet to act in a suspicious way YET. Do not let your guard down at any point. +* 🦧🧠💎👐🚀🦍🌝 +* EDIT: Anyone commenting will be seen by Satori. Even if you don't have sufficient karma to comment, it will get flagged in our system before removal by automod. So EVERYONE CAN GET IN. + +**Now, with that out of the way, a few pieces of housekeeping** + +*Defending the Sub: How to Report Nefarious Activity* + +We have received a TON of help in many forms in keeping the sub clean. This has come in people sharing screenshots of shill posts, sending messages to the Satori team members, contacting mods, etc. Thank you so much for that! Remember, \*We. Are. Satori.\* Our Mind Reading Monkey is only as effective as the community itself. Please continue to be vigilant, use those down/upvote buttons, and if you see something, report something. + +A word of caution: Just because you may think a post feels negative, or you disagree with it's premise or claims, doesn't automatically qualify it as FUD. Be aware of amplifying the echo chamber. And absolutely do not threaten those making the posts. We've got ways to deal with this properly. + +We'd now want to give you specific guidance to allow you to be the most effective with your defense of this sub. + +The absolute best way to draw the All-Seeing Mind of Satori to specific posts or users is to use the "message the mods" function of the sub. This sends a message to the entire mod team, which means there's a greater chance someone will see it sooner than if you message an individual. Satori will then be fed the information given in the message, meaning you reach both parties with one click. It's a one-stop shop to get the report to every single party who needs to see it, and also keeps the sub clear of posts of screenshots of FUD. + +*A Return to Old Tactics: Bad Actors doing Bad Things* + +The last week has proven to us that we're under the skin of those trying to bring the sub down. What we're doing is working. With heavy restrictions in place for posting and commenting, we're seeing a move back to older strategies, as well as a few new ones. There's been a surge in private messages, in downvoting folks below karma limits, reports of suicidal tendencies, and many other strategies to try and unnerve our community. Please be on the lookout, keep your heads on swivels, and if something looks or feels suspicious, report it to the mod team and Reddit. + +Satori co-creator and [r/Superstonk](https://www.reddit.com/r/Superstonk/) moderator [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/) did a much more in-depth breakdown of what we're seeing, and what you can do to counter it, in yesterday’s Jungle Beat, which is linked at the bottom of this post + +The-Definitely-Not-Mind-Controlled-By-The-AI-We-Created-Team Satori + +*Want to know more about Satori? Start here.* + +\[Announcement Post\] + +[https://www.reddit.com/r/Superstonk/comments/nplhx7/game\\\_stop/](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) + +\[Follow-Up Post By One Of The Creators\] + +[https://www.reddit.com/r/Superstonk/comments/nqnora/satori\_the\_first\_36\_hours/](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/) + +\[New and important information from Team Satori in the Jungle Beat from 6/7/2021\] + +[https://www.reddit.com/r/Superstonk/comments/numi3i/the\_jungle\_beat\_monday\_06072021\_2\_days\_til\_annual/](https://www.reddit.com/r/Superstonk/comments/numi3i/the_jungle_beat_monday_06072021_2_days_til_annual/) + +By u/Grungromp + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Superstonk continues to grow** + +I was taken aback when **today we hit 420k members on** r/Superstonk. I remember the day of the migration here so vividly. I have never and will never see anything like that again. To see how much the ape community has grown since r/gme is mind-boggling. I have so many more wrinkles on my brain and I could not have done that without the tireless effort of every single one of you apes. So a huge shoutout to everyone out there. + +&#x200B; + +[Also, 228k online 🤯](https://preview.redd.it/ulrn8afc8h471.png?width=900&format=png&auto=webp&s=c436a5e28d0c260ebc55e2629449c518da467fc7) + +Apes together strong <3\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**Just gonna leave this here 👀** + +[ ⏰ Tick Tock Kenny ⏰](https://preview.redd.it/xpsmo82vsh471.png?width=1056&format=png&auto=webp&s=da5478cdd391a07863e5d8a41d88fab7acaa5685) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**👩‍🚀Help Wanted👨‍🚀** + +**If you have any interest in assisting with the Summary/ Transcriptions check out this post from** [**u/Bradduck\_Flyntmoore**](https://www.reddit.com/u/Bradduck_Flyntmoore/)**,** [**Superstonk Seeking Volunteers**](https://www.reddit.com/r/Superstonk/comments/nw3s9m/superstonk_seeking_volunteers_ama_transcription/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🚨 Reddit down 🚨** + +With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +[🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍](https://preview.redd.it/cyv8wnvzcg471.jpg?width=1600&format=pjpg&auto=webp&s=038ea14ecb6c1f2e026763bd1858d4e628596a61) +Wanting to make a thread where we can all share companies we are following that holders that are following closely know of big news expected for a company they hold, talking big company re-rating news that would be expected to drop in the first quarter of 2022. + +Ill start with probably a well known example at this point: IHL . This is a pharmaceutical company with a lot of intellectual property that are going to be listing on the Nasdaq in Jan 2022 according to latest company announcements. A lot of CBD and other psychedelic trials being undertaken, and their peers currently trading in the US at similar stages like Compass Pathways and MindMed are around 1 billion USD market caps, whilst IHL is around 500 mill USD market cap. And going by history with companies like LKE, this year listing on nasdaq, directly after listing got a huge pop. + +Hopefully we can get a good list going here of companies to watch with big news in the next couple of months, get 2022 going off to a good start for the asx betters! + +\*To help everyone out in the reply, looking for more detail than just the ticker code, a little info on what is the announcement expected? why it will be company re-rating ? when is it expected ? +https://www.bloomberg.com/news/articles/2020-04-30/tesla-pares-gains-after-einhorn-questions-accounts-receivable?srnd=premium + +Einhorn, who five months ago told Musk he was “beginning to wonder whether your accounts receivable exist,” said Tesla had claimed in the past that its balance of money owed was elevated by sales being highly concentrated at the end of each quarter. The Greenlight Capital president questioned how that could have been the case at the end of March given the shutdowns that Musk, 48, excoriated on Wednesday. +I thought this would be a good contribution given the 30-day challenge. I'm pregnant and had to get some testing done, which my provider outsourced to other labs. She gave me the options, and I called ahead to determine which would cost less with my insurance. I was quoted $300, and went with that. Imagine our surprise a couple of months later when we get a bill for $1600. I called and negotiated it down 20%, and then finally down to the original $300 quote. Just a reminder to those with medical bills that they aren't set in stone, and all it takes is a phone call to find out what the billing provider and/or your insurance can do for you. +Just another small little dichotomy that makes me chuckle and realize how fake the price is. Real news and growth will be suppressed in the price action and probably for a while… until it can’t be anymore. + +PS- we know the first fake NFT article was bs as it came out 10 minutes after the price surge in AH +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. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Earned $50,000 last year now have to pay $14,000 in tax 👁👄👁 + + +How’s everyone else doing on their taxes. Accountant spent 3 days organising and data entering my return. +Hi all, I am somewhat of passive investor and I have some money I invest in regular stocks but very few of them pay dividends. I want to grow my portfolio on dividend side of table. I've been reading this sub for sometime but could figure out what's a good mix bag for pure dividends of stocks and ETF for $1,000. I want to get few monthly dividends and some quarterly. I am aware of the following that pay good dividends: O, KO, WM, V, MDT. +I am 34 with decent job so I have the normal 401k going on. +In addition, for any of these ling term investment, should I wait a little to buy for then to drop or should I just buy them since it's a long term investment? + +Your help is greatly appreciated! +I've been lurking r/investing for a while and everyone there keeps making it sound like the next financial Armageddon is litterally happening so I buy puts on TQQQ two days ago and vaporizes my account. Fuck them. + +So I go on this sub and everyone's making a million dollars on MSFT calls so I buy all the calls I can at market open and now I'm down 40% in the past 30 minutes. I hate you all. + +*Update stock bounced back a little bit so I closed my positions up 0.05% (+$12) +I live on very low income, and I never had any savings despite living on a very tight budget. I always struggled financially. I kept on working during the pandemic so the stimulus check was like unexpected bonus money and right now it's safe in my bank account. It feels good to have something in the bank in case of an emergency but at the same time it feels too good to be true, to the point of giving me feelings both of guilt and impeding doom. Like I'm not meant to have that, I don't deserve it, and I'm cheating karma and it's going to take a revenge on me. It's not that it makes me want to spend it, not at all, it's just that it feels like something I shouldn't have. Is it just me being weird or can you relate? How do you get out of that mindset? +Just curious, U.S. housing and stock markets are valued very high based on real terms and PE ratios. I've looked at posts where people suggested bubbles, and asking about possible corrections but were basically laughed at jerked around with snide comments. + +What's the psychology behind it? What makes people angry at the idea that assets are overvalued? I know that no one can predict when corrections occur but is the general consensus that markets only go up long-term and ignore overinflated asset prices? Doesn't there come a point where people can objectively infer that a market is overvalued and the "it can only go up" rationale fall flat? +I was thinking about this earlier. We've been slowly gathering people here on Superstonk for over a year. We've gone through the Great Ape Migration, GME mod drama with all its runic glory, and battled shills and bots for over a year, 2+ years for some people. + +The whole time we preached, "apes together strong," "hodl," and "ape no fight ape." But we never had actual numbers behind fake and real people/accounts, or how much we actually owned. FUD weeded out some paperhands, FOMO brought people back, and people settled in for the long haul. + +While DD gathered and apes began to understand the workings of the market and all its complexities, with help from the big brains like Dave Lauer and Dr. Susanne Trimbath, we stumbled on a way to take our shares back and out of the hands of the DTCC and custodial brokers. D.R.S. + +Slowly we began to post our Computershare letters from the mail. Followed by the iconic big beautiful purple circles. Thus the DRS bot was born to help track our progress and allow us to see our numbers. But still, this was no surefire way to know our numbers. Then, one fateful day on December 8th, 2021, GME released its Q3 earnings numbers. + +As always, thousands of people poured through the documents trying to see any details that could better point to the direction our beloved stock was heading. Searching for the the fundamental changes that were unfolding with our wonderful chairman and elected board in charge. And on October 30th, 2021, there it was, on the 12th page in black and white: + +"As of October 30, 2021, 5.2 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare." + +A number. 5.2 million. A number that represented all of us. All of us that were bold enough to follow the company and remove those shares from these hedgefund crooks. The shares they indefinitely needed. The shares that could ruin them. + +I consider this the birth of the movement. Gamestop is a company that caters towards gamers. A company that redefined itself for a new age with our interests, wants, and needs in mind. And with that single sentence in their report, they officially established a progress bar for this real life game were in. + +They confirmed our thoughts, displayed that we are individual investors with a common belief in this company, all coming to our own conclusion. Showed us that we can beat this game that Wall Street likes to play. And we can do it without having to break the rules. I'm glad I can share this split screen, multiplayer adventure with you guys. And I can't wait to beat the campaign. Happy earnings everyone, I'll be having a beer and a puff to celebrate for all of you, for BluPrince, and for our company. POWER TO THE PLAYERS. +My partner and I are closing on our first rental this week and I’m wondering what rental management app/website you guys have used and loved or any you don’t recommend to help keep things organized. Please throw any other advice you have our way as well. Thanks in advance. +Here are 4 huge reasons you should join a Real Estate Investment Club (REIC): + +&#x200B; + +1) Information - I went to my first REIC meeting a few years ago before I owned any real estate. If I didn’t start going, I wouldn’t own the investment properties that I have now. At the meeting the group talked about the hottest new neighborhoods in my area - neighborhoods that seemed to have a lot of potential and were inexpensive to purchase property. I bought in that area and (surprise, surprise) prices have doubled in 2 years. + +&#x200B; + +2)Building Relationships with Like-Minded People - People always talk about networking in general, but I love ‘focused networking.’ Connecting with people who have the same interests and goals as you is way more valuable than connecting with people who don’t. If you love real estate, you’ll be in a room with others who love real estate equally as much. Some will be more successful, some will not be as successful, but everyone brings something to the table. + +&#x200B; + +3) Deals - At the club I attend, they send emails to club members with deals that they have been notified of or other members have found. Members are selling, buying, looking for partnerships, etc. The great thing is that these deals are coming from people you already have a connection and level of trust with. These are usually off market deals that the general public does not have access to. + +&#x200B; + +4) Motivation - After every club meeting I’m fueled with a boost of motivation. When you hear about others having success in real estate investing, you realize the potential for yourself. Although motivation is fleeting and for sustained progress you need more than that, its extremely effective in the short term. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Be advised, Antpool just mined a BU block, meaning they are going all in for a shitcoin version of BTC. + +https://www.blocktrail.com/BTC/block/00000000000000000204cd2c9840023f1434f3dcdd7f471e4b8c8638d14d7006 + +If you´re pointing your hashing power to Antpool and care about the health of the bitcoin network, consider pointing your miners away from Antpol. + +Thanks. + +PS: Someone's downvoting this thread. I guess Roger and Jihan are scared. + +UASF FTW +I've lost both my parents almost back to back which isn't uncommon but damn if it isn't hard. On top of that I've found out that they were proper planners building a small fortune that we never knew about and putting correct beneficiaries in their assets and not in their estate. I've still got an estate to wind down but everything of real consequence is not in it. + +Quick background that I'm in my late 40's. Own a small but growing mom-and-pop business with my wife, in-laws, and about 7 employees and a small tech firm that I run by myself to help companies grow (my roots are tech and I love to problem solve.) After 13 years the family business has finally turned well into the black and have just now started thinking about how the hell we save again. I've also got a 10yo son. + +My family has been with what was Legg Mason -> Merrill Lynch -> Merrill for good or bad (as I've read how many do not like M or handholding or their fees. I get it.) + +My sister and I are in the split here but this is my allocation: + +* Beneficiary IRA @ 750k (10 year window, no strings gating its use but taxes on the draw.) +* 200k CMA (don't really understand this account yet--I believe it's already had taxes on it but might be subject to some other witholding?) +* 50k Bank Cash +* $200k note remaining on a 415k house (my family wants it, sister has zero care but I will have to buy her out. We will also need to spend some on fixing it up.) +* Personally 100k remaining on 220k condo (we'll be renting it to my in-laws then keep it as a rental whenever they pass. Also needing some TLC/fixing up.) +* Personally, we sunk everything into the business to save my in-laws a decade+ ago we have almost no savings (and no 401/IRA) and we currently make <45k a year combined. That's changing but it's taken us a long bloody damn road to carve out things. The universe has consistently laughed at us throwing us back but we survived and are thriving. +* Business is debt free but we need to pivot hard in the next few years to grow (move out of retail position into new smaller retail position and move manuf. into flex space w/ growth/wholesale/retail in mind.) + +I know many don't like Merrill but I gotta tell you my father and his advisor were an amazing duo. I've known him for about 5 years and I really can't brag on him enough as a person. While my father was in hospice he visited regularly and has made sure everything is taken care of. Now I know it's part self-interest but after this much time I don't think I can bring myself just to break that relationship. At least not in any short term measure. I've yet to meet with him on how we want to wind down these properties but I thought it wise to back up to a larger view and see what the collective might offer. + +Thoughts? Questions I should be asking? Things to be aware of? Paths I might want to follow? I'm swimming in a sea of probate BS and setting up will-oriented-trusts for the grandkids we couldn't shake so my bandwidth for some of this is short now but will open with time. Giving me some fertile ground though is very very appreciated. +My wife has $15k sitting in her old bank account and I figured we should just put that into something that grows. I was looking into putting it into an index fund and basically just forget about it for the next 20-30years. I was interested in Vangaurd VTSAX or VTWAX. Would that be a good idea? If so, do i just make a vangaurd account and buy 15k worth of one of them? Any other recommendations of index fund for what im trying to do? + + +Thanks! +My wife has $15k sitting in her old bank account and I figured we should just put that into something that grows. I was looking into putting it into an index fund and basically just forget about it for the next 20-30years. I was interested in Vangaurd VTSAX or VTWAX. Would that be a good idea? If so, do i just make a vangaurd account and buy 15k worth of one of them? Any other recommendations of index fund for what im trying to do? + + +Thanks! +With 651 stores combined David Jones and Country Road whichare both owned by Woolworths Holdings have been a popular Australian retailer for many years. With Country Road Group seeing a profit decreease of 22.3 % compared to the same period the year before and David Jones sales decreasing by 2.6%. Is this further proof that reliance on the outdated brick-and-mortar business model is floored? +I started mining Ethereum in July 2017, with 400 GPUs. We did well, $100k USD revenue after 4 months, well on our way to returning our investment and making some good money. I also believed in ETH as the future world computer, and the proposals for scaling would happen. + +That said, by October of that year, after reinvesting and expanding the mining farm even more, the value of ETH (and the larger market), started a slow decline. + +Two months ago we stopped mining. After today, we have no plans to start mining again, it simply isn't profitable. + +I spent a lot of time trying to understand what happened and why. My feeling is that the market makers, meaning the banks who want to use technologies like Ripple, ETH etc... Won't do it until the miners can't control it. As a result they've forced the market down all year, getting all but the bigger miners out of the game, then they can own it. + +Sad. At least I'm still holding coin... But mining was dead a long time ago, nobody knew. +Someone asked her if apes gave all the data, would she be willing to put it together to hand to the SEC in the format she is recommending. This sounds like a great opportunity!!!!!! How can there be deniability from the SEC that they did not know after a former SEC chief hands them the entire booklet. I wish I understood the DD so I could hand it to her. But if a couple of our more wrinkled apes could collaborate and put it together for her, she said she would take it from there. She said we know how to contact her and that she would do it. Feels like if we don't, we are missing a great opportunity. Also, those wrinkled apes that work with her will prob learn a ton more by just working with her and being able to ask questions. +Here's the video first: + +--- + +###[I UNCOVERED A BILLION DOLLAR FRAUD](https://www.youtube.com/watch?v=CzbBi0agLNg) + +--- + +To summarise the actions of John Karony, the CEO: + +Enacted the 100% tax honeypot, covered by myself [here](https://www.reddit.com/r/CryptoCurrency/comments/tuumsi/safemoons_v1_100_tax_results_in_the_theft_of/), but the major story ^(as ^though ^tens ^of ^millions ^of ^dollars ^stolen ^isn't ^a ^big ^story) is that he had a deal with the Crypto Exchange Bitmart, who ran their own version of Safemoon's "tokenomics" (10% buy and sell tax) - so what they would do is redistribute 5% to holders themselves, and then send 5% of transactions to Karony which Karony was supposed to add to the liquidity pool. + +####Except he did not + +He appears to have kept it. + +--- + +So what this means is that all the people that have gone blue in the face telling us that John was cleaning house, getting rid of all the bad apples.. well he was just as crooked as the rest of them. Truly a den of thieves. + + +##Birds of a feather flock together + +What's mad is laying it all out... + +* **Kyle** who copy-pasted the contract kept withdrawing from the Liquidity Pool even while claiming you couldn't and that Safemoon was "rugpull resistant" +* **Thomas** who lied about his Ripple job offer, lied about his development credentials and continually siphoned funds from the liquidity pool into his own wallet +* **John** who constantly claims Safemoon is the evolution, sets up dodgy deals with Bitmart and creates the V1->V2 honeypot + +It just goes on and on. Every week a new stone is unturned and people find more and more filth and scum. + + +But it just slides off the back of the criminally-deluded Safemoon Army. Today has seen three wallets sell $500,000 between them, and we're only a few hours after the wallet released. The whales are not happy about this, but the casual holders? + +Here are some quotes from their sub... + +> Buy the DIP, Safemoon to the moon, if you sell you, then you is a low life. LOL Dimond hands baby. We will be rich in 5 years. People fud bitcoin and look where we at 10 years later. Buy the Dip and you will be rich in 5+ years. + +>1 billion volume is coming...We will be on all major exchanges soon. Love these tasty dips. + +# + +> Just watched, it's bad on so many levels. But he's at least good at editing. He makes a lot of arguments but fail to provide any proof. + +#MY DUDE HE LITERALLY GAVE YOU THE BLOCKCHAIN TRANSACTION HASHES IN THE VIDEO MY DUUUUUUUUDE. + +# + +> The Video is pure conjecture and open-ended opinions that leads the watcher (by the nose) to form an opinion off of nothing; but it sounds good. + +# + +> He's just after clicks and is trying to profit from spreading fud about safemoon for his own financial gain and popularity, nothing more + +# + +> I made my mind last year. I have a goal to achieve and every new wave of fud and dip that comes after is only a great way for me to buy more. + + +# + + +This is the biggest heads-in-sand moment I've ever witnessed. When will they wake up? When John is in jail? When Safemoon is 0.00000000000000001? Or is that just another great buying OP? Fuck a rubber duck. +Hi All - just gave my resignation today. +I work the graveyard pharmacist position at hospital A. been doing it 7 months, director lobbied for the position with HR last year for a while. Point is, he put in the work to get a 7 on 7 off rotation for overnights. I was fresh out of college and needed a job so i said okay i’ll do it. he said he didn’t want someone who is gonna leave in six months and i didn’t have that intention at all. + +long story short i just got a job at hospital B that is a better position, more money, and a shorter commute. I went in today to Hospital A to give my notice, 2 weeks (3 calendar weeks due to the rotation) and he was pissed and threaten to tell other directors at other organization about my unprofessionalism and will give me a bad reference in the future. + +Anything i can do about this? Maybe it WAS a poor decision to take another job so soon but i wasn’t even actively looking for another full time job it just landed in my lap. +Any advice will be appreciated. He already ripped me a new one so no need lol. + +EDIT: to clarify, i’ve worked at hospital A for 5 years, from intern to pharmacist. he has been director for a year and a half, I’ve been working as a pharmacist for a little over a year here. + +EDIT: he’s asking for an additional week or two (so until mid-end of march) to finish up my shifts on the schedule. is that reasonable? he says he expected me to at least “go out with class and appropriately” and doing so would be better + +UPDATE: Assistant Director just called me - I relayed my concerns to her (she’s very honest and transparent). She explained that the director seemed to be confused about my end ‘date? I explained. Then I explained the directors comments and how I was shocked at his i professionalism and threats. She did her best to assure that they want an amicable and smooth transition/departure. She was incredibly kind and understanding as always, she said she appreciates the 3 weeks, but it’s common courtesy in our profession to give 4 weeks. She told me in her last job of 30 years, she gave 5 weeks and still the employer asked for(and she gave) an additional week. +I told them I will give one more week, for HER and my colleagues (they’re great people). I negotiated a shorter shift (current is 9p-730a so i said 11-630/7 they said okay) and that I will discuss with the new employer about extending the start date. +Right after, the DIRECTOR called back, with AD in the room - clarified original end day, he was much more pleasant (go figure) and was happy with an additional work week, would greatly appreciate till the last weekend of March and agreed to work out a shorter shift so I don’t die. + +Guilt or did AD tell him he reacted poorly? who knows. + +I knowwww 98% if y’all said no, just gtfo. But most of you also feel that if the director reacted better, it wouldn’t be as bad. I wouldn’t even be here if he didn’t flip out at me lol. +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! + +Background: My car has some front bumper damage from hitting a pole. The damage is noticeable but not significant, so I haven't worried about getting it fixed. + + + + +Story: I got into my car in the parking lot, and I was looking at my phone before I left. A guy pulled up next to me and motioned for me to roll my window down. He tells me he saw the damage on my car and he fixes stuff like this for a living. I get out of the car and he says he'll look at it and quote it for free. + +As he's looking he asks me what my deductible is. I talked to him and he explains that he is a mobile car repair guy, and he gives me a business card. He tells me a repair shop would charge $1,100 to get it fixed because they would replace the whole bumper, but he can do it for $400 in 15 minutes. I'm hesitant because in my mind no one legit approaches you in a parking lot. He tells me there's an ATM nearby and that I don't want to pay him until he's done. I was considering it, because it seemed like a good deal but at the same time he's a random guy in the parking lot. + +To convince me he's legit he shows me a wad of $100s and "casually" mentions his car is 35k. I'm even more skeptical now, because who carries that much money around. I say no thanks for night, but I have your card I'll call you after I get paid. He says he's really busy and that he has a client meeting him soon and he'll be working on that car for about a week or so. At this point alarm bells are going off in my head and I say no thanks then I start walking to my car. He tells me to say a price and if it's worth his time he'll consider it. I say no thanks again and unlock my door. At this point he's standing in front of my car. He says he can do it for $300 and I say no thanks again and I open the door and start getting in. + + + He walks over and says give me my card back, because I know you won't call me. I just offered to do it for $300 and you're saying no thanks. I give him back his card and get in my car. As I start my car he says I'll regret this, I don't know a good deal, and that he was trying to do me a favor. At this point I'm paranoid af and ready to GTFO. + + + +The ride back home I wondered if I'm just being too paranoid or if this was actually a scam. + +The red flags that I saw were +1. He approached me in a parking lot + +2. He pulled out a wad of hundred dollar bills + +3. He asked for my deductible and then just quoted me a price just under that + +4. He wanted to do it right now, and not later even though he gave me a business card. + +5. He seemed angry that I didn't want his help. + +So did I miss out on a good deal or did I almost get scammed? + +ty runescape for scamming me as a child + + + +EDIT: I'm going to add some helpful information from the comments + + + + + +from gamalmfaly1983 +Also OP (and it seems you know this) NEVER go to the ATM to give some random person money in public. You're asking to be mugged and/or seriously hurt. + +hingamarco - http://www.silive.com/news/index.ssf/2009/10/repairs_at_your_own_risk.html + + +1111thatsfiveones - +Usually, they have you out of line of sight while they bang around on it a bit. Then they cover it with "setting putty" (drywall mud) and tell you to give it 48 hours before you wash it off. What you don't know is that underneath that putty, your dent is still there (if you're lucky), or they've used a screwdriver to punch a hole in the body to pull the dent out (if you're not lucky). Source: I pulled a stupid and let a guy in a parking lot fix a shopping cart ding in my door once. I had to put my car into the shop for a week (and $600) to have the whole door redone. + + +cacille - +This is a really common scam, popular in St. Louis right now. Yep, you pulled a smart to not let this guy touch your car. You almost got scammed. + +TheFckingMellowMan,rnbguru Also comments saying this is common in Detroit and San Francisco. + +handle2001,spaci51 - Something I hadn't considered is that he very well could have robbed me. + + +AND AS ALWAYS REMEMBER TO HAVE AN EMERGENCY FUND AND THEN MAX YOUR 401K + + +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. + +&#x200B; + +That's a big shift. Anyone know the story? +Hi guys, recently I’ve read the book a random walk down wall street. In summary, the author was preaching for Efficient Market Hypothesis (EMH). This means that all available information about a company is reflected on the market at any given point of time. + +He lays out some issues with value investing - we are essentially trying to predict the future. + +1) Predicting growth rates of earnings/ dividends/ FCF + +2) Predicting the future multiple the company will be selling for + +3) Predicting interest rates + +4) Relying on the fact that the price will return to its fair value + +Due to all points for potential errors, we should only buy index funds. However, I still believe that value investing can work given that we use conservative growth rates (80%) sure that this might happen and have a large margin of safety to account for all the errors. + +What do you guys think? Does value investing work? What are the conditions for it to work? Or should we just buy index funds? +I have 75k cash ready to invest. I don’t want to time the market but I also don’t want to just buy stocks today because there’s uncertainty (gas’s prices, inflation, rates going up, Ukraine war, …etc) so I’m doing dollar cost averaging, but at this rate it will take about a year to invest the full amount. +Should I increase the amounts? Should I wait and try to time the market? +Also I wouldn’t be touching these stocks for at least 4-7 years. + +Here’s what I have right now: + +Weekly purchases + +Microsoft $250 +NVIDIA $375 +Apple $250 +Spy $350 + +Should I invest more or less in Spy? What do you recommend? +What are your thoughts on Alibaba (I’ve never seen an opportunity this interesting personally but would like some feedback) I’ve held the stock for a month and a bit and have been increasing my position ever since. I’m still starting out in investing (16) but I got a fair value of $330 after my DCF valuation. I am also very interested in some of the big tech giants in China that have seen investors selling because if regulatory concerns with the CCP. + +Thanks 😎 +Hi everybody + +I am studying value investing and came across this quote by economist Austan Goolsbee in a book: ([Can be found here](http://pzacad.pitzer.edu/~lyamane/buffett.htm)) + +&#x200B; + +>I'd tell the shareholders to watch their wallets. See, I'm an economist, and it always sticks in my craw when people say Warren has the Midas Touch. That's because the one thing that professors pound into young economists is that the only investors who beat the market are ones who get lucky or else take risk. +> +>You get data shoved in your face showing the people who did well last year aren't any more likely to do well this year. In fact, about 80% do worse than the market average. The heroes only appear after the fact, which means they got lucky. The dismal science says to just invest in index funds because they charge low fees and give you the market average. +> +>The problem is, no one in the real world seems to believe that. I mean the Omaha billionaire earned twice the market return from 1965 to 2003. Surely this man disproves the naysayers. And that's where I come in. See, heroes are just more fun than index funds. So, I gave in to temptation. In 2003, I bought one share of Berkshire Hathaway — the cheap kind, not the $80,000 one, and waited for payday. Since then my share is up 20%. The index fund I didn't buy is up more than 30%. Warren, give me something I can use, man. You were supposed to demonstrate that a proven track record predicts success. You're killing me here! + +What do you all think of Mr Goolsbee's comments and the overall "Efficient Market Hypothesis". + +Thank you. +My company has always offered 25 days of annual leave and subsidised gym memberships (tech industry), but I'm keen to hear what companies are offering post lockdowns where it's becoming harder to find candidates. + + +What does your company offer and what industry do you work in? +FUCKIIIIN IDIOTS. + +I’m the laughing stock due to my original investment prior to the feb fuckery… + +I don’t care I joke along with them as I have tried to have a real convo and it got no where.. + + +I’ll be the GameStop guy right up until my retirement… AND IM FINE WITH THAT!!! + + + +I LOVE MY STOCK AND I LOVE MY COMPANY AND MY APE BROTHERS!!!! + + + +GME TO THE MOOOOOOOOOOOOOOOON🚀🚀🚀🌕 + Shares of electric vehicle maker Tesla rallied in after-hours trading Thursday as the company won shareholder approval for a 3:1 stock split, the second such move in around two years, as the world’s most valuable automaker looks to make its stock more affordable. + +In a widely expected move, Tesla shareholders approved the company’s proposed 3:1 stock split, causing shares of the company to continue rallying in after-hours trading following a 0.4% gain earlier in the session. + +Tesla first announced the proposed 3:1 stock split in June as a way to make the $925 stock more affordable; based on today’s closing price the new share price would be around $308. + +Though the stock is down roughly 20% this year amid the wider market selloff, billionaire Elon Musk’s electric vehicle maker has still seen its shares surge more than 200% since the last stock split in August 2020.Stock splits don’t impact a company’s market value, but evidence suggests that by making shares more affordable to retail investors, the move does often provide a short-term boost to share price. + +Tesla shares are up over 30% since announcing the 3:1 split in early June, while news of Tesla’s 5:1 stock split roughly two years sent shares over 70% higher in the 20 days following the announcement. + +Several other major tech companies have announced stock splits this year and saw subsequent spikes in their share price; Google-parent Alphabet’s split 20:1 in February and Amazon’s stock split 20:1 split one month later. + +[https://www.forbes.com/sites/sergeiklebnikov/2022/08/04/teslas-31-stock-split-wins-shareholder-approval-heres-what-it-means-for-investors/?sh=f9b740eefdc2](https://www.forbes.com/sites/sergeiklebnikov/2022/08/04/teslas-31-stock-split-wins-shareholder-approval-heres-what-it-means-for-investors/?sh=f9b740eefdc2) + +Tesla TSLA shareholders approved a 3-for1 stock split. This means that for every TSLA share you own, you will receive 2 additional shares. Elon Musk added that buybacks are on the table depending on future cash flow. + +Do you think $TSLA will rally leading up to the stock split? +https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1149340 + +ABSTRACT: By employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across time. Using stock data going back to 1871, we show that buying stock on margin when young combined with more conservative investments when older stochastically dominates standard investment strategies?both traditional life-cycle investments and 100%-stock investments. The expected retirement wealth is 90% higher compared to life-cycle funds and 19% higher compared to 100% stock investments. The expected gain would allow workers to retire almost six years earlier or extend their standard of living during retirement by 27 years. + + + + + + +__ + +EDIT: Assuming you want to take this 20-year bet in an IRA investment (which means you cannot trade on margin), do you think SSO would be the best low-cost, 2x S&P500 index investment? Is there a lower cost, more reliable ETF? Does Vanguard (what I view as the gold standard of low cost indexes) have anything? +One of the main reasons why the price of ether has a hard time increasing around $300 is because the ICO projects are selling tens of thousands ether each day. + +We need POS so that the ICO projects will be much more motivated into staking their ether instead of selling it. A large majority of the ICO's can easily cover most, if not all of whatever expenses they might have simply by staking their ether. This way we will see far less sell-off and a larger increase in the price of ether. +Seriously, impending market collapse, impending supply chain food shortages, global warming, housing unaffordability, student loans fucking me, book burning christofascist flag waving goddamn Nazis taking over government at all levels, whats the actual point. + +Its not like Im going to live to see retirement, anyway. Even if I make it there, its not like theres going to be anywhere fuck all to actually retire *to.* + +Its going to be another decade of stagflation, if not outright collapse. Throwing good money after bad into a zero or negative growth market. + +I’ve already closed all my other, laughably minor investing accounts, just to pay bills or the mortgage. + +I don’t care about being broke, been there all my life. But, *goddamn* it would be nice to *live* a little instead of 60 hour weeks and nothing to show for it. +Thoughts on this guy’s analysis? + +[https://www.forbes.com/sites/johntobey/2020/07/26/flawed-unemployment-stats-dont-fool-wall-street-so-stock-market-rise-will-continue/#15bac15b7788](https://www.forbes.com/sites/johntobey/2020/07/26/flawed-unemployment-stats-dont-fool-wall-street-so-stock-market-rise-will-continue/#15bac15b7788) +So I’ve had this hypothesis for a while now, and I’m almost certain it is what’s happening. Obviously I don’t have all the data in front of me and I only have the observed data, but I can infer that essentially Tesla every few months will undergone an “infinity” call gamma squeeze that will keep pumping the stock up. There’s been some talk on Twitter about this if you just like search TSLA gamma, squeeze, etc. so I’m not the only one to observe this. + +If you are familiar with the famous Volkswagen squeeze, it’s similar, but the key difference is instead of it being a short term squeeze, this one seems to be a more drawn out squeeze that occurs every few months. So the reason it’s notable is that Tesla holds some interesting characteristics. First, it’s call skew in options sometimes is MUCH HIGHER than its put skew. This is unique. Very rarely do you see companies where the call skew is much higher than it’s put skew. Option demand is usually on the downside for protection for big funds, but in Tesla, the majority of the option buying are OTM, upside calls. Next, Tesla at times can trade option deltas greater than share delta, which means options have a huge weight on price movement. In order to properly hedge options flow delta, a market maker would have to move the stock quite a bit. Furthermore, Tesla has a decent amount of shorts, despite being a successful stock (successful is defined as in the price move). Finally, Tesla has a ton of retail interest and despite being a 1000+ dollar stock, it has a ton of retail call options buying too. These make for a lethal combination to basically squeeze it to “infinity” with little resistance. Anyways, this leads me to what I think what’s happening with Tesla. It’s actually quite simple to understand (more so if you understand terms like delta and gamma). + +Here’s what happens. Someone starts by buying way OTM calls > force market makers to buy stock to hedge calls initially, which moves it only a bit up > release some good news > force algos who trade news to buy stock > the original OTM calls are now closer to ATM > due to gamma, market makers have to buy more stock > after seeing the initial move, now retail is piling into calls too due to FOMO > shorts are buying back stock and buying calls to hedge too > causes market makers to now desperately buy more stock to hedge > cycle repeats > stock price goes to infinity. + +Obviously this doesn’t work if you don’t have good news to release but Elon always does. This doesn’t work if no retail help you buy more calls, but everyone here will FOMO. Just go to wsb and check out the posts. This doesn’t work if there weren’t so many shorts in Tesla but there always will be who have to manage risk. This doesn’t work if some big find offloads Tesla shares as it goes up, but most are holding, including Elon. This doesn’t work if SPY tanks either due to beta, but SPY just goes up too on average. + +And here’s the kicker. Once the calls expire, the stock price won’t drop since it erases all downside gamma. Then you repeat this every few months. This is how you can get a stock easily to infinity actually. + +Now who’s the initial call buyers? No idea. It could even be Elon himself or someone related. This is what Porsche did with Volkswagen to cause the squeeze. Porsche loaded up on the calls first and then released their “news” (which was they locked up the float). The way Elon is taunting the shorts and SEC could mean he knows what’s happening too. The thing is, since all the initial person is doing is buying calls, he’s not doing anything bad. It’s not his fault that people then FOMO, market makes them rush to delta hedge, and shorts continue the call buying + share covering. The initial call buys may have started the chain, but the rest is set in motion by everyone else. + +Anyways, this means you actually can’t short Tesla. It’s just strictly -EV to do so. I bet you if you take a graph of SPY and Tesla side by side, on almost all days in which Tesla actually dropped, SPY probably dropped that day too. But there were days in which SPY probably barely went up but a Tesla shot up a ton (like today). So if you short Tesla, you would be strictly better off shorting SPY. Shorting Tesla also means paying a much higher IV in put options too and having more upside risk in short shares. The other way a short can win on Tesla is some bad news, but can you really time that greater than the times you keep buying puts? + +So yea that’s basically the story of Tesla. This stock can literally go to 2000 with no fundamental change. As long as the call buying keeps happening, this stock will chug along to infinity. + +Here’s my post a few months ago talking about this so I’ve been thinking about this for a while: https://www.reddit.com/r/wallstreetbets/comments/g3g63c/tesla_options_activity/fnr3j1d/?context=3 + +I just wanted to give a more formal post. As I also mentioned, this is just a hypothesis, but there’s a ton of evidence supporting this, and it’s talked about my others too. You can google like TSLA convexity squeeze on YouTube and someone made a video about it. I’m just adding more details to provide color. + +EDIT: This is just a hypothesis, so nothing set in stone. I can only infer things from the data. My tldr is if you are thinking about shorting Tesla, it's probably not a good relative short vs another name or vs SPY/IWM. I would not recommend buying puts, selling naked calls, or outright shorting stock. That doesn't mean you can't win shorting Tesla, but your EV on the return is probably not as high as other shorts over the Long Run. You need to time it incredibly well, and it's very hard to do. For example, during a SPY selloff, Tesla can drop a lot, but can you time the next SPY selloff? You are also paying a ridiculous IV for the puts, much higher than other names. If you do want to short and really have this urge to do so, pick a specific known event like say the earnings later this month and short it then. For the record, I'm not long Tesla (I am long other big tech though), but I'm merely trying to explain a hypothesis. Also saying "don't buy puts" is not the same as saying "buy calls", so keep they in mind. I'm not advocating to just keep buying calls either with the high IV. But saying "don't buy puts" or "don't short naked calls" is a "trade" in itself since saving money means you can use that on other trades. + +EDIT: I’m gonna add one more edit because of the last comment. This dude on Twitter literally copy and pasted my original post. + +https://www.reddit.com/r/wallstreetbets/comments/hq11ao/what_are_your_moves_tomorrow_july_13_2020/fxwedwz/?context=3 + +I explained this already on wsb and commented below but I’ll just type it here since people don’t read my comments below, given the latest post. That’s why I’m actually able to answer all the questions and expand on my post in the comments section below whereas the guy on Twitter probably knows nothing about options and just steals and plagiarizes posts. I’m not happy about this and it makes me not wanna post helpful things going forward like I have in my post history. The guy who copied this word for word is actually a scumbag who actually wants you to believe he’s some trading wizard you should follow on Twitter. +Recently, my 77 year old mother shared with me her interview investment portfolio. Pretty standard, safe stuff (TIAA and Wells Fargo Financial). Her investments total nearly $700k. She lives a fairly modest lifestyle, is vey active, in good health, few extravagant purchases, little if any travel any more, etc. She’s worried about her financial situation and thinks this isn’t enough for her to live on, adding “longevity is in my family, I plan to live 20 more years!” + +Can anyone help me with two questions? + +1- How does $700k project for a 77 year old? + +2- Is there any way for me to assuage her fears that she needs more money/doesn’t have enough? + +Thanks! +So basically I have around 3500$ to rebalance within my portfolio! + +I've been looking at some ETFs to invest in but I am honestly a bit overwhelmed being new to this whole investing world. + +The way I tried to split my research is as follows: + +1. Large Cap / large cap growth ETFS +2. Mid Cap / Mid cap growth ETFS +3. Small Cap / Small cap growth ETFS +4. Healthcare ETFs +5. Tech ETFs +6. Gaming ETFs + +I don't think I want to split the money over the whole 6 categories! I'm just trying to find the best allocation for my investment. + +I was thinking to focus on large cap / large cap growth (IVW, SCHG), and healthcare.. +And maybe take a bit of risk with Small cap / small cap growth & gaming ETFs (like NERD) + +Would like to hear thoughts from people who are more expert than I am... Or less expert :) thoughts in general tend to help me out! + +Thanks. + +Edit: I did not think I'll get this many replies! Awesome and helpful answers all around! I will put another post by the end of the week with my decision after I do a little bit of research + +Thank you all :) +Hello All, + +I'm the main bread winner, Mom of 2 kids heading to University in 4 years. + +Unfortunately only recently did I hear about ETFs and planning to start my savings journey 5-9 years into ETFs. Have tried many funds by banks and none has helped grow my savings. Reached a dead end there and daily stocks not my cup of tea. + +1. Bearing this in mind what are the ETFs that can support me towards growth in next 5 years? + +2. How should I divide the portfolio amongst other ETFs? + +3. Should the investment be made gradually over next 1 year? + +Thank you all for your insights :) + +Note- opened an account with Saxo +100% of my Stock Portfolio is QQQM, but I'm not 100% confident that this is a reasonable appproach. + +I read other posts on Reddit, some of them are kinda old so I wonder if something changed and if also should change my portfolio going forward. +Hello All, + +I'm the main bread winner, Mom of 2 kids heading to University in 4 years. + +Unfortunately only recently did I hear about ETFs and planning to start my savings journey 5-9 years into ETFs. Have tried many funds by banks and none has helped grow my savings. Reached a dead end there and daily stocks not my cup of tea. + +1. Bearing this in mind what are the ETFs that can support me towards growth in next 5 years? + +2. How should I divide the portfolio amongst other ETFs? + +3. Should the investment be made gradually over next 1 year? + +Thank you all for your insights :) + +Note- opened an account with Saxo +The message threatened to liquidate to pay down the debt, but the retarded algo that sent out this message does not know I have nothing to liquidate - no stock, no options, no assets, no cash in any account. + +Is there anything else they can do? So far I just am keeping quiet, and uninstalled the app from my phone. It's a month now and so far, no legal notices or no one knocking on the door.... at least I think .... I haven't been home in over a month. + +Most of it was $SPX calls/puts across a period of week. + +&#x200B; + +https://preview.redd.it/8z8334s5k9c81.png?width=1214&format=png&auto=webp&s=4d898b8db3ed04b87d84f7edaa743aa31af316f7 + +&#x200B; + +https://preview.redd.it/pnqj61urvac81.png?width=1506&format=png&auto=webp&s=560942e7f481974b964f6760122af98736d34392 + +&#x200B; + +&#x200B; +It’s been over a year since my first post [https://www.reddit.com/r/financialindependence/comments/emwhuo/27_black_female_raised_in_hood_just_crossed_100k/] and I have missed you all. + +Since then, I continued working at my 100k salary job until I was laid off in spring 2020. I was hurt by this. Not because I was unemployed, but because I would miss everyone I worked with over the course of 5 years. However, deep down I knew it was time for me to move on. I only received one promotion in a five year period and there was no indication I would receive another if I stayed. I also felt as if I learned as much as I could in that position. So sorrow quickly turned into optimism. + +Luckily, I received a severance package and stayed on my healthcare plan for 3 months. During that 3 month period I biked daily, played video games, read and became a better partner to my boyfriend all while applying to jobs. It was a stress free time (minus COVID) and I often miss it. + +Almost one week before my severance/healthcare was set to end, I received a job offer from a well-respected company for $175k (base: $150k) with a job title x2 higher than what I had previously. The funny thing is I never asked for that amount. I originally asked for $130k base after doing research for similar roles. The recruiter said he would ask for more on my behalf. I cried like a goddamn baby after that call. Life is strange. + +Despite getting laid off in 2020, my NW continued to rise during that time. I invested $63k in 2020 and am on track to invest even more this year. As of today, I am 28 y/o with a NW of $350k. If you include my partner, we total ~$710k NW combined. As an FYI, we still don’t want kids and are talking about getting married in the next 3-4 years. We also have no interest in owning a house since we still don’t know where we would like to live long term. We hope that when we travel in early retirement we’ll get a better idea of where we want to be. Who knows, we may decide to rent forever. + +I never thought in a million years that I, a person who grew up in squalor, would be where I am today. The pandemic has reinforced my desire to retire early. Life is so fragile. While I’m incredibly lucky no one in my family died from COVID, I know that time is limited. + +While the company I currently work for is a dream come true and my job is surprisingly fun, I refuse to get too attached. The moment I reach my number, I will happily walk away. At the end of the day, my job doesn’t define me and it shouldn’t define you either. + +Until next time... +Background: Currently have a $500K account with about 200K in index etf and use the rest with portfolio margin to sell premium (Naked calls puts strangles etc). + +Now I just divested from RE and other equity investment which means I'm sitting on close to $2M total. Real estate is too hot for me to go back in. + +It's life changing $ that I'd like to not YOLO. What are relatively safe portfolio set ups and strategies high rollers use that are more for generating income than looking to do 10 bags? +Here is the [exhaustive list](https://twitter.com/unusual_whales/status/1364688149658525696?s=20) with heavy short positions: + +- $BLNK +- $AMC +- $VXRT +- $SPWR +- $SENS +- $GME +- $RKT +- $SPCE +- $CLVS +- $PLUG +- $LAZR +- $FUBO +- $TLRY +- $SRNE +- $NOK +- $BB +- $WKHS (obviously) +- $INO +- $GSX +- $BBBY +- $JWN +- $TSLA +- $CCIV +- $SKT +- $OPK +- $DDD +- $SDC + +Let's see how we ride this wave. +Household appliance repair is one of the most overlooked trades and you can definitely benefit from this. I started in the field with no prior mechanical experience outside of wrenching on cars with my dad, and having a basic knowledge of hand tools, due to this trade being overlooked not a lot of people are jumping into the field and almost every company is hiring and willing to train with no experience. There also online courses you can take and plenty of YouTube repair videos. I went from training for 6 months with a technician to making $45k 1st yr, $60k, my second and third yr and now that I’m a technician with experience under my belt I’m on track to make $80-$100k this year and starting my own business in the near future. This job can be stressful but most weeks I work less than 40hrs(this comes with experience, skills before speed.) you’ll always have work and depending who you work for they either pay hourly or commission I personally prefer commission. I’m willing to answer any questions you may have on the field I’m an open book I will tell you the good and the bad. Plus we are building a great community of technicians that are willing to help. +Could use some advice on quitting and when you know the right time to walk away. I've had quite a few jobs the last few years, though all are in the same field (finance) and all are very high-paying ($200K+). All my jobs since grad school have been very high-stress, high-hour jobs, where you are on call pretty much 24/7. I've held many different jobs due to the fact that once I find a place too stressful or the people too toxic, I like to find a new job, take a few months off to unwind, and then start up again in a new high-paying/high-pressure job. I believe that doing this has extended my career by 2-3 years and has increased my net worth significantly (due to signing bonuses and negotiated pay). Truth of the matter is I am not meant for this type of work. In college I thought money would make me happy and I wanted a certain level of "prestige" to my career, but honestly, I'd trade it all back to start over and actually figure out what I enjoy. + +My current financial situation is "ok". I dug myself out of $250,000 of student loans grinding away the last few years and could pay off the rest of my loans tomorrow if I wanted. I'd have about $60,000 left over in savings and $100,000 in retirement between my wife and I (she works but doesn't earn that much). I prefer to keep some loans and about 2 years of living expenses just in case I rage-quit, which I know is not good financially, but for my peace of mind it really is needed. + +My issue is that the last few months have been brutal. I have had no free weekends and have worked till 2-3 am every night almost. With a few matters wrapping up, I've been given other matters that are just as stressful and those are starting to ramp up as well. I thought i'd have this weekend to relax and maybe get a fresh start, but I ended up having to work. I didn't work all weekend, but enough to affect my plans. I haven't exercised in months, I'm constantly sleep deprived, I see my friends becoming established in careers and having more and more free time to enjoy nights and weekends, and I have had to continually cancel plans because of work. Just not sure if I can keep doing this. You definitely get used to the work-sleep / work-sleep atmosphere but it doesn't seem like a way to live. I'm so ashamed the way I treat my body and my mind. I'd like to think I can succeed doing anything and that it isn't fair to me to continue doing this type of work. + +Anyone ever quit a high-paying job while not in a set financial situation because if was just too stressful and time consuming? Most of this post was just to bitch, but I'm legitimately thinking of giving notice in the next few months and then exploring other options. Thanks in advance! + +EDIT: Wow, didn't expect so much feedback here. It is actually really awesome to hear all the different perspectives and some great stories on people saying screw it and finding something better. I told my wife I posted this and she was (i) shocked that I post on reddit and (ii) thrilled to read through these with me as we try to plan out the next 3-6 months financially. + +And to the executive that would never hire me ... don't worry, I'd never work for you :-) +I would've never thought that Bitcoin will reach these huge price marks, not even close to thinking that we would be calling these high price numbers, "the bottom of a crash". As we have seen a lot can happen in 5 years. + +**What do you think the next 5 years hold for us in the cryptocurrency space?** + +I would love to think we're early as we have been 5 years ago today. And I trust my instincts. + +Let's not make the same mistake we did 5 years ago (to think that it's too late to get in), **It's never too late for anything.** + +NEWS ON MAY 20, 2017 : + +https://preview.redd.it/9x0d6sz76l091.png?width=1101&format=png&auto=webp&s=e31cb7f6c74982d17d43fdfc27467e4770e4f42f + +https://preview.redd.it/io78c1tb6l091.png?width=1118&format=png&auto=webp&s=82ccfa949897289b1248a8cc3898a5b7684ce21b + +https://preview.redd.it/rgny63je6l091.png?width=742&format=png&auto=webp&s=eb424afe835944e031720956bd2fbc3389a6c9e4 +I'm surprised nobody has done this yet. After dvdmovie called this place /r/recessionwatch lately, I was curious to see how many actual threads were created daily about it. I used pushshift to get all post titles with 'recession' in it and plotted it against the S&P closing price for the day. There were 24 recession threads on August 14, 2019! Average of 1.8 recession threads per day. + +Apologies if not appropriate here, I just thought it was interesting. + +https://i.imgur.com/5Hf3DEE.png + +EDIT: wow this blew up! This wasn't meant to be predictive or anything, I just thought it was interesting to see the number of recession posts as the market continued to climb over the past few years. I'll try to tweak it a bit and clean it up. +Saw this Q asked somewhere else and thought it was a good Q. + +What lessons have you learned or had reinforces during lockdown? + +Tbh mine isn’t specific to lockdown as I had a few things happening prior to lockdown that just continued, but I’ll start with : always have an FU fund- so you can leave your living situation should you need to(which I did), never feel you have to endure sh*t because someone is related to you, therapy is a thing that’s worth investing in. +$SHIBM is a community driven meme token. + +Over 15k holders (with very little effort), a roadmap with defined goals, strong marketing agency just engaged and only a $1.7 million market cap. + +Before investing always DYOR, but in the current market the memes are outperforming most other projects. The recent examples were $Shib, $Safemoon, $SafeBTC, $Kishu. + +Now is the time to invest in $SHIBM. Check out the community and make a decision. This could be the next big moon... + +&#x200B; + +Website: [Website](https://www.shibamoon.co/) + +Twitter: [Twitter](https://twitter.com/HqShibaMoon) + +Telegram: [Telegram](https://t.me/shibamoonbsc) + +Contract address: [https://bscscan.com/token/0x954be3e377661a2b01841e487ca294c4204dbb79](https://bscscan.com/token/0x954be3e377661a2b01841e487ca294c4204dbb79) + +Liquidity Locked: [Liquidity Locked](https://unicrypt.network/amm/pancakev2/pair/0xa1706250473B6359095A3d8b0a674C137F065725) + +&#x200B; + +**$SHIBM Info and Tokenomics :** + +* 2% instant fee split (**tokens airdropped** to holders automatically) +* 4% added to liquidity (increasing the liquidity constantly ) +* AMA coming soon +* Audit from Solid & Solidity +* **Cointiger Listing confirmed** +* Developments on the roadmap +* Marketing agency has been engaged +I'm a 15+ year landlord in Baltimore. I'm no stranger to difficult tenants, but this one has me reaching out to you all for a second opinion. + +One prop I own an end-unit rowhouse property in a decent part of the city. Duplex. I've maintained it well. Value roughly $250K. Problem is, the property next door is a disaster... Without even seeing the inside, easily $30K+ in repairs. It's been self managed by a 2nd generation absentee landlord who allowed the tenants to take over the property. Maintenance is non-existent. Four to five people total, at least 3 are non-leasee's living on site, a vicious dog kept in by a makeshift fence, feces filled yard, abandoned car in the alley, broken windows, the works. The place singlehandedly brings down the entire neighborhood's property values. + +I managed to contact the owner about the issues and found out they were interested in selling. He threw out a number that I'd gladly accept, **but the problem is, he wants to sell it as-is, with the existing tenants**. I've had a confrontation with them before and we had profanity ridden exchanges, so me doing the eviction would absolutely get ugly, BUT... if i buy this place and fix it, it'll raise my entire block's property values and rental income. Am i looking at a giant headache or is there a price where it would be worth it to buy as is and evict? +I'm u/bornluckiest you're local tinfoil-hat wearing story-teller with a round-up of the latest conspiracy theory revolving around the Wu-Tang Clan NFT. + +&#x200B; + +[The MOASS being delivered?](https://preview.redd.it/8q5et1dyz5v71.png?width=1413&format=png&auto=webp&s=a1c556a0e6502575cb2a821088690193df31a48b) + +# Quick 101 + +* In 2014 the "[Wu-Tang Clan](https://en.wikipedia.org/wiki/Wu-Tang_Clan)", one of the most influential hip-hop groups in history, produced an album but only ever released a 'single' copy of it. +* The album, called "[Once Upon a Time in Shaolin](https://en.wikipedia.org/wiki/Once_Upon_a_Time_in_Shaolin)" was produced as a rebellion against cheap copies and piracy and fraud of digitised media. +* It was the follow-on to the album "[A Better Tomorrow](https://open.spotify.com/track/3JJU9BP2zRFdXpVA7r0gby?si=4414ab0f8f3b43fc)" ([Lyrics](https://www.google.co.uk/search?q=wu+tang+clan+a+better+tomorrow+lyrics)) *(If you have the time you should listen and read those lyrics to get an idea about what this 'follow-on' album is about!)* +* It's a double album consisting of 31-tracks, it reportedly has many unexpected featured mainstream artists, eg. Cher. *(Wu-Tang ft. Cher ... WTF?)* +* It was produced in a priceless/unique silver jewel-encrusted box with leather bound notes. +* The "one copy" toured museums, galleries and music festivals before being sold in 2015 for $2m. +* [Martin Shkreli](https://en.wikipedia.org/wiki/Martin_Shkreli) who bought the album was later convicted of Fraud, and got 7-years for a naked short selling scam. ~~(Thankfully, he's still inside! He's the scumbag who bought rights to the medicine Daraprim and then hike'd the price from $13 to $750!)~~ +* The album was then later seized as 'proceeds of crime' and sold, rumour to be for around $7.4m, to cover the costs of damages that Shkreli had to pay. *(It may have been sold for less)* +* The album and case features in Skrillex's "Fuck That" video, at time point 4:20, you can see how special this item is: [https://youtu.be/Ka7wBGFSuSE?t=260](https://youtu.be/Ka7wBGFSuSE?t=260) +* The terms of ownership are complex - it can never be sold commercially for 88-years. +* It's widely considered to be the most expensive album in the world. + +**Side Fact: Did you know the guy who originally bought this album was coke buddies with Cramer?** + +# How is this the catalyst? + +If you study the above background you should clearly understand the story of that unique item, how it is SO special. + +At the moment NFTs generally represent single unique items. You buy a [crypto kitty](https://www.cryptokitties.co/) or [punk](https://www.larvalabs.com/cryptopunks) and it's yours... so who would get the NFT for the album, there's only one, right? Let me explain... + +So this is the crux of the theory; GameStop are have created a DAO ([**D**ecentralized **A**utonomous **O**rganization](https://ethereum.org/en/dao/#gatsby-focus-wrapper)) called GMERICA. *(Did you know there's a book called* [*GMERICA*](https://git.sr.ht/~ev/gmerica/tree)*, written over a year ago.)* + +[GMERICA](https://www.worldtrademarkreview.com/anti-counterfeiting/gmerica-trademarks-stir-gamestop-investors-switzerland-joins-geneva-act-modelo-dispute-news-digest) can do many things, it's limitless really - that's the beauty of a DAO the organisational structure/operation is voted on by the people. + +Most importantly it can operate digital wallets for people and allow them to interact with the E.t.h.e.r.e.u.m blockchain in a simple and trusted manner. + +So when you get your pro-membership, you also get a digital wallet thrown in. The wallet can store crypto coins/tokens (ERC20) or NFTs (ERC721) + +"Trust" is the key here. Millions upon millions of us trust GME/RC... more than any other organisation, right? + +Crypto isn't regulated, so anyone can set-up an exchange, and trust is a BIG issue. + +At the moment there are exchanges where you can buy crypto (E.t.h.e.r.e.u.m, B.i.t.c.o.i.n, etc.) but they are mostly centralised. (Binance/Coinbase/Kraken, etc) + +Many people claim the Exchanges don't hold enough crypto to cover the amount of coins held in their client wallets/accounts. There's potentially some naked selling going on in the exchanges. + +Most people don't have the experience or diligence to manage their own crypto wallet, that's why they mostly use wallets provided by exchanges. + +DEXs ([Decentralized EXchanges](https://ethereum.org/en/get-eth/#dex)) give transparency to what the organisation holds and who it belongs to. Unfortunately the only DEXs that currently operate need a relatively high level of IT skill and really aren't for beginners. + +That's one thing that's holding the world back from adopting [DeFi](https://ethereum.org/en/defi/#gatsby-focus-wrapper). *(DeFi wil stop the fraud of the top 1% creaming the milk from the 99% of the world!)* Another problem being the 1% trying to stop it and scare people that it's risky, etc. + +Back to the problem; There's one album, and 70+ million shares/shareholders. That's where GameStop are changing things they, alongside [loopring](https://loopring.org/), are going to "Fractionalise NFTs" in a super user friendly way. + +* That's why they have this HUGE [Customer service centre opening in Florida](https://commercialobserver.com/2021/09/gamestop-to-hire-500-employees-in-south-florida-to-boost-e-commerce/). +* That's why they are hiring [500 customer service](https://finance.yahoo.com/news/gamestop-gme-hire-500-staff-135001043.html) operatives just for the job. +* That's why they have just set-up a Zendesk CMS on [support.nft.gamestop.com](http://support.nft.gamestop.com) + +[Fractionalised NFTs](https://www.cryptovantage.com/non-fungible-tokens/what-are-fractionalized-nfts/) mean they can break the asset (the priceless album) up into millions of tokens, each token represents a share in the Asset, the asset will be placed in your GMERICA digital wallet *(Did you notice the* [GameStop App](https://www.gamestop.com/GameStop-App.html) *recently got a* [Digital Currency section](https://www.reddit.com/r/Superstonk/comments/ocktyj/why_youre_seeing_the_digital_currency_glitch_in/) *added* *~~in the last few days~~* *since the NFT site launched?)* then every share holder will get a piece of the action. + +That will cause a problem... a squeeze. + +That isn't the end of it, because whilst the DTCC still control counterfeit shares and allow netting, etc then the price will be manipulated and all kinds of fuckery will continue. + +They'll be Brokers and Dealers scrambling and causing a right fucking ruckus, changing terms and conditions, saying they have no NFT wallets, no method of delivery, etc. + +All kinds of shit will occur and they'll be dropping it on their clients (me and you) because they can't get enough tokens to distribute... + +...and the Market Makers will keep trying to hold the price down, whilst all this is happening - even though there's so much demand - they'll be no ***REAL*** price discovery. Market Makers will just running the counterfeit share maker 24/7, so they can meet their margin calls. + +# REMEMBER: RC likes to keep his customers satisfied. + +At this point he will say the DTCC is no good and retract shares - as per the most recent declaration in 13-K SEC filing for Gamestop. + +He will then convert Gamestop (The whole fucking company itself!) into a Fractionalised NFT, and issue 70m tokens that represent each share. + +You will be able to trade shares in the GMERICA app, swop them for other NFTs (eg. a 10% share in a Lambo, or the smile of the Mona Lisa), buy E.t.h.e.r.e.u.m, or unique weapons for Counterstrike or World of Warcraft, or just buy things (like long socks) using a normal currency (FIAT) via your credit card, and it will be cheap (not like E.t.h.e.r.e.u.m transactions) because it will be done using a technology called a [zkRollup Layer2](https://www.youtube.com/watch?v=7pWxCklcNsU&t=263s) + +If you think Binance is big (I bet not many of you have heard of them either) but it's just one of many crypto exchanges, then GMERICA will be **BIGGER!** + +# MUCH BIGGER! + +By the way Binance is valued at around $2,000bn, so... GME at a market capital of $13bn is so cheap, that you could liken it to buying B.i.t.c.o.i.n back when it was 7 cents. + +...and remember apes, stay paranoid; *"Paranoia is just a heightened sense of awareness." \~ John Lennon* + +>Disclaimer: I've had a crayon stuck up my nose since January 14th. It's causing occasional headaches and making my brain behave strangely. Everything I say I for your entertainment only. + +**EDIT 1:** Scrubbed the sentence where I criticised Martin Shkreli for hiking the price of the drug he bought and hiking the price. I have since learnt that the drugs remains free to anyone without insurance. I was slightly judgemental of him, because you know, he used to work alongside Cramer ... but I should know better than to judge someone by the company they used to keep. + +**EDIT 2:** Scrubbed the note about the Digital currency being recently added, many apes have confirmed it's been there a few months a least, but no one can recall if it was around before 25 May when the NFT website launched. + +🦍🦍🦍🦍🦍🦍🦍 🚀🚀🚀🚀 🌕 + +**Common Questions from Comments/Chat***1) How do you connect Wu-Tang Clan and Ryan Cohen?* + +This [connect-the-dots post](https://www.reddit.com/r/Superstonk/comments/qe2h3w/please_flick_through_pictures_and_connect_the/) by u/DarraghGogarty does a brilliantly succinct job of describing what would take me ages and answers that question really cleanly. + +*2) Why do you think Gamestop is making a DAO?* + +If we analyse [this tweet from C.R.E.A.M Finance](https://mobile.twitter.com/CreamdotFinance/status/1450872866350800903) we can see them announcing that PleasrDAO are participating in a DAO-to-DAO loan, that will be facilitated by Cream Finance/Iron Bank. PleasrDAO own the NFT (See [connect-the-dots post](https://www.reddit.com/r/Superstonk/comments/qe2h3w/please_flick_through_pictures_and_connect_the/) above for proof.) but C.R.E.A.M don't announce who they are loaning it to. As with most theories we have to make some assumptions until proven and this is one of those; We assume if this theory has any substance then Gamestop's DAO is loaning the DAO. + +Note the tweet didn't say DAO-to-DEX or anything like that it clearly says DAO-to-DAO. So if the album is going to be part of an NFT reward by Gamestop, then Gamestop are making their own DAO! 💥💥BOOM!!! 💥💥 + +*3) Why is Gamestop's DAO going to be called GMERICA?* + +Since Gamestops tweet on 12th July saying "[GMERICA 🇺🇸](https://twitter.com/gamestop/status/1414696625218342933)" then we have been playing attention to the [trademark filings](https://www.worldtrademarkreview.com/anti-counterfeiting/gmerica-trademarks-stir-gamestop-investors-switzerland-joins-geneva-act-modelo-dispute-news-digest). The GMERICA trademark was registered under the [Geneva Act](https://www.wipo.int/treaties/en/registration/lisbon/summary_lisbon-geneva.html) meaning the trademark gets significant international protection... and that process is not cheap. + +So now you have to ask yourself, if you are creating a DAO (see above) what would you call it? Well [the only trademark they have registered recently](https://www.trademarkia.com/company-gamestop-inc-481658-page-1-2) is GMERICA, but that is not the sole reason. + +Ask yourself if you want to try and protect a brand name in a space that didn't yet exist under the Geneva Act (surprisingly, there's no category for NFTs or CryptoMarketPlaces) then what categories would give you the best protection? + +Hmm... so our favourite company sells unique collectibles, memorabilia, (NFTs) perhaps limited edition merch, unique gaming items (COD Weapons, CS skins, etc) in an online service/Crypto Marketplace? + +So, if there was categories covering those, that's what you'd choose right? So.. take a peek at [the categories the GMERICA is registered under](https://trademark.trademarkia.com/gmerica-90897211.html). Yeah it could just be a brand for T-Shirts and Long Socks, but why aren't they using it already? Why don't they have any other trademarks for the DAO they are creating? So... again, the DAO is likely going to be called **GMERICA.** I hope that clearly explains my thought process and the leap I made earlier. + +🦍 🤜💎🤛 🦍 +According to the Transamerica Center for Retirement Studies’ report, the median retirement savings in the United States by age is: +Americans in their twenties: $16,000 +Americans in their thirties: $45,000 +Americans in their forties: $63,000 +Americans in their fifties: $73,000 +Americans in their sixties: $117,000 +Americans in their seventies: $172,000 +Hey All! I have been playing around with different strategies and want your input on it! + +For the past 4 weeks I have been able to earn 8.4-9.5% weekly buying deep ITM call debit spreads on Tesla. + +Essentially the bet is that, on a weekly basis, Tesla will not lose over 11% Share Price Value from M-F. Breakeven is roughly around $100 per share less then the current share price. I attached a picture showing the play for next week. + +Thoughts? + +&#x200B; + +&#x200B; + +https://preview.redd.it/4ik7k6elq2s71.jpg?width=1141&format=pjpg&auto=webp&s=96e620cb07dd8d5ac9098c0074cb858e41603a45 +Hello everyone, I’m new to this sub and I’m quite interested in investing in quantum computing. This [article](https://frontierresearch.com/quantum-computing/?r=1) piqued my interest and I was wondering if this is a good time or if it’s still too early. So some backstory, 6 months ago I saw Honeywell International (HON) mentioned in relation to quantum computing. That got me looking more into the topic, as I had always thought QCs were decades away. But apparently, companies are already developing small quantum computers for commercial use (beginning of another Moore’s Law??). + +I’ve browsed different stock-related subreddits but I don’t see this topic mentioned often. That also makes me wonder whether it’s still too early for QC-themed investments or whether people are just sleeping on it. I’m already invested in big tech companies like Amazon or FAANG stocks in general, so I’m really looking to add stocks with higher long-term upside. + +Any suggestions or advice is appreciated! +Has your driving been greatly reduced by COVID? (i.e. on unemployment or working from home) + +If so, call your car insurance company and tell them that you'd like to ask for a premium reduction since your not driving your normal amount of miles. Many car insurance companies are offering small refunds, but they may give you additional premium reductions if you ask. + +I used to drive 60 miles round trip each day to my office M-F, but am now working from home. I called my insurance company and explained that since I haven't been driving to the office for 4 months and likely won't be for the rest of the year, I would like to update my estimated mileage and reduce my premium. They agreed, took my new estimate, and reduced the balance on my premium by $160. The phone call took exactly 5 minutes. I told my dad about it and he did the same thing, saving $140. + +This reduction was on top of 2 separate rebates that they've done due to COVID (15% refund on 3 months of premium payments, or about $60 each time). + +It's not change-your-life type of money, but every little bit counts! The worst that can happen is that they tell you "No" : ) + + +Edit: As a few commenters have pointed out, if your situation later changes and you are driving more miles than you told the insurance company, make sure you remember to call them back and update your policy to reflect that! +This sub frequently focuses on a number for Financial capital ($5M, $10M, etc.). What are things you track or benchmarks you aspire to for Social and Human capital? + +Ex. How are you ensuring high quality relationships? How are you preparing the rising generations to live fulfilling lives? Etc. +Had minor outpatient surgery on Wednesday, drove myself home. +Started bleeding inside. A lot. Ended up in the hospital for emergency surgery. + +I will recover, but it will be weeks. I have a stent in to let all the blood out. + +I have good insurance, but so what if it costs me 20K? 50K? + +I'm not worried about it. + +What if I can't work for a month or two and stop getting paid? + +I'm not worried about it. + +What if I lose my job because I can't return to work this year? + +I'm not worried about it. + +This is the privilege of being FI. + +It shouldn't be that way. You shouldn't need a net worth of a million bucks to get the medical attention you need. I am so thankful for this privilege that many people or even most people do not have, but I am sorry this privilege is necessary just to be well. +**TLDR:** + +I built a Social-Financial-Momentum analytics tool and found out a bunch of people use it to help them buy options. + +Figured people here may find it interesting (or not, up to you) but felt it was worth sharing. + +[Here's the link, use it, would love to know if it's helpful.](https://app.hypeequity.com) + +**Long post:** + +A couple of months ago I was a new investor and frankly had a hard time trying to catch up on all the terminology and research requirements to making a 'good' decision. + +# But I'm a lazy person + +So I built a tool that looks across a bunch of things: + +\- **Social media** sites to find me what everyone was talking about (not just wsb) + +\- **Insider trading** because if the CEO is buying something that's probably a good signal + +\- **Institutional investors** because if BlackRock likes something then I want to know + +\- **Value Analysis** of company financials to figure out how much debt they have etc. + +It helped me so much that I shared it with others... it got out of hand kind of quick. So instead of running scared, I made sure to protect myself with disclaimers and shit. + +I'm adding more to it and *I now get more enjoyment out of building a tool that the regular / average / retail investor* could use than managing my own portfolio. + +Feel free to use it, it's built with love. Or not idc + + + + + +\--- + + +Some people ask I add this to the OP: + + +Re: Value Analysis feature + +Basically, it's built on the concept of Value Investing. Keith Gill is the gamestop hero aka DFV/Roaring Kitty. + +If you strip away the gamestop stuff for a moment, he's considered a **Value Investor** with an eye towards more risky companies that are currently undervalued. + +So what I did was a bunch of research on value investing (and I also watched Ketih Gills multi-hour long youtube videos, which are boring as hell) and I widdled it down to 6 things and just simplified the process because **I wasn't going to spend hours doing this one at a time for each company I was interested in**. + +The 6 things: + +1. **Your discount** <- this is your potential upside, basically, is the stock in a dip? is it at a peak? wheres your room to grow. +2. **Company Health** (aka **Leverage)** <- this looks at the financial health of the company, how much debt they have, profits etc. I use the Piotroski F Score to make that determination: [https://www.investopedia.com/terms/p/piotroski-score.asp](https://www.investopedia.com/terms/p/piotroski-score.asp) (so im doing this math in the backend) Basically its a score card from 0-9, 9 means really healthy. +3. **Insider buying** <- Look at the last quarter of insider trading (IE if a CEO purchased shares or sold shares) and then i net it out. So if someone bought 100k and someone else sold 90k, you see a net positive of 10k) +4. **Institutional ownership** <- look at the top 5 owners by shares to see if they own 20% of the company or more (this was the criteria I found that made sense). The idea here is that if someone is willing to put enough cash in to own a chunk of the company, thats a good sign. +5. **Analyst Opinion** <- pull analyst recommendations for this +6. **A gut check** <- uses social momentum data for this, if a lot of people like something, that makes my gut happier. +I look at gamestop on Twitter. They're ready. Everything is done/almost done and i, a shareholder, am their biggest asset by far. + +They know this x 10. + +I'm not just the "best" shareholders because I'm hodling, I'm the best because i know my company (and that scares the shit out of "professional investors"). + +Rn they need a hype push (out of our bubble) to bring the nft simplicity to the youner gens and beyond. + +Maybe to just remind ppl what gamestop is without sounding like a rando trying to get people to FINALLY UNDERSTAND WHAT IS GOING ON.... if they don't by now they won't till its too late. + +I need to think like an investor. Not just link DD and leave it to them. Explain why I'm excited or why I need this. Sell the nft marketplace like its the last door I'm knocking on before I go home. + +What could this do for the poor dude thats 6 months away from losing his house? What could it do for teachers? Etc. Etc. Etc. + +I am the media. + +Mainstream media is dying and it's obvious to me that what replaced it was fb Twitter insta etc. + +This is not financial advice nor is it a call to action, its just what I see when I'm looking at what gme is putting out there. + +Toodles 🏴‍☠️ +Managed to scrape all of the Zillow listings in Seattle. Ran a few quick basic calculations to rank them all by cash flow to see if I could find any hidden gems. Feel free to check out the output. + +If you’re interested in scraping listings off Zillow for anywhere else too, feel free to send me a DM, happy to help. + +[Seattle Zillow Listings](https://docs.google.com/spreadsheets/d/1qslzo1ffkmJGmqwsaG4YW6YGEBDYU75-gBkhBF7UsL0/edit?usp=sharing) +For a long time, I didn't have a job and had to live off of my limited emergency savings. Now, even though I have a job, I'm still budgeting the same way. I can't even justify spending money on food; there are times when I don't eat for days because I don't want to spend money. +How do I stop being so stingy? I finally have financial security, but I can't get rid of this impoverished mindset. It's almost like I can't wrap my head around the fact that I'm going to get paid again after I spend money. I want to be able to enjoy spending (a reasonable amount) what I've earned. +If so many UK residents are using their houses as their retirement fund, what happens to those who never owned a home but don't have enough income to rent at market rates? Do they qualify for social housing at that point? +Are you listening yet? CreamPYE is backed by a multimillionaire team of highly experienced developers, entrepreneurs, and marketers with decades of experience. They are providing a real-use case application which is a variety of platforms that are easily integrated and user friendly. Imagine the Apple of crypto. They will absolutely become a top 10 token and have the firepower in house to make it happen. They are using their platform not only to change the crypto industry forever, but also emphasize a cornerstone belief in charitable contributions. Only 1 month into its existence, Creampye has already donated nearly $300k to Action Against Hunger, proof posted on YouTube. This team, community, and technology is becoming the front runner for the crypto world over the next few years. They are not just here to take part, they are here to take over. + +Overview: + +\- The entire team of 15+ members showed faces and listed business address publicly. + +\- Actual use case CEX/DEX hybrid exchange which will focus highly on customer service and experience (much needed before the masses can adopt in to new crypto). Augmented reality, NFT marketplace, PYE Charts. $290k charity donations already made. Very extensive roadmap. + +\- Officially listed on ProBit and WhiteBit. Huge marketing push on their platforms coming next, including a PYE trading competition. + +\- Team has over 15+ years of experience building businesses. Creampye team has done marketing campaigns over $100m USD in past projects + +\- Relatively small Marketcap (10m). + +\- You are early - Project is 30 days old and growing exponentially. <1,700 reddit members. <17,000 holders. Might be your last chance to be “early” + +\- Tokenomics pay out 5% Passive income for holders! 4.9% put into liquidity. 0.1% into a charity wallet. + +\- The team has built a variety of very successful businesses already. These are not kids in their parents’ basement. They are legitimate business moguls running a full-on operation. + +\- Hacken audit has been passed (received a score of 100%) and the whitepaper has been published. + +Who Runs Creampye? If you hang around this world of crypto long enough, unfortunately you may run into some teams that you cannot trust. I invite you to look at the pinned tweet on Creampye’s Twitter (@creampyetoken). The entire team of 15+ members has shown faces, they each have a mini biography on the website, and there is a business address listed publicly. See for yourself. + +What Is Creampye? Creampye (Pye) is a new token focused on creating new technology in the world of crypto and simplifying the process for mass adoption. They are working on a new exchange, Pyeswap, that will become the industry standard for purchasing crypto. This exchange will make crypto far easier to buy than it ever has before. Not only that, much of the focus will be on a simplified, friendly user experience that makes it easy for any average Joe to purchase crypto. This is desperately needed before the masses can enter the market. It is almost impossible to teach a newcomer to the world of crypto the multi step process of acquiring BNB, using pancakeswap, and storing tokens in a wallet. PYE is going to change this by making it easier to purchase all crypto currencies and we will be focusing on customer service and experience. They are also launching PYEcharts in a few weeks, an NFT marketplace, and have just passed a completed audit with flying colors (Audit done by Hacken). + +Charity CreamPYE was created in order to make a difference. The token has included that 0.1% of all transactions are sent to a charity wallet. The team has made due on this already by donating not one, but two donations totaling $290k to Action Against Hunger only one month into its existence! The team behind CreamPYE has been involved with numerous charities from business ventures in the past. They have donated millions of dollars to various charities and it is a core component of the team values. Here at Creampye, we are proving that the world of crypto can make a positive impact on the world through our charity donations. + + +The Entry Point. You are early. PYE’s goal is to become a top 10 token. We have the community, the experience, and the tech to back that goal. We were consolidating for the past few weeks and I have been posting about how it may have been the last time we saw those prices. We all believe in the project being the future of crypto. When we achieve our goal of becoming a top 10 token, that is over a 1000x gain from here. The holders, the community, and the exposure are growing exponentially. We have had YouTube posts and mentions from some of the biggest names in the game, including Torin Hoffman, Conor Kenny, and Alexandrus 1337. Just last week PYE was mentioned on the Pardon My Take podcast, which pulls in 1.5 million daily listeners. The CEO is good friends with business mogul Gary Vee (video of them hanging out posted in telegram), and former Miami Heat player Damian Jones recently retweeted Creampye. These are many exciting developments in the early days of PYE. + +In conclusion I have only given a brief overview here, but I invite you to do more research yourself. We are blazing our own trail in the world of crypto that will give investors access to an entirely new, user friendly ecosystem of programs. Many will try to replicate what we are creating for decades to come. Creampye is a results oriented, relentless, and highly experienced team. The last piece of the puzzle is more eyes on the project. You can see the current chart and see we're up 300% after being listed on CoinGecko, ProBit, and WhiteBit. Soft dates have been given for more exchange listings, and big news is happening every single day. Do your own research and if you decide to join the Pye fam, buckle up, its going to be a crazy ride! + +Where to buy? + +\-Ticker is PYE + +\-Website: [https://www.creampye.com](https://www.creampye.com) + +\-Telegram Group: [https://t.me/creampyetoken](https://t.me/creampyetoken) + +\-Twitter: [https://twitter.com/creampyetoken](https://twitter.com/creampyetoken) + +\-Reddit: [https://www.reddit.com/r/CreamPYE/](https://www.reddit.com/r/CreamPYE/) + +\-Discord: [https://discord.gg/rT8GdwnN](https://discord.gg/rT8GdwnN) +I work for a company that has 2 locations. I would received 1 paycheque with all my hours combined into one. + +One week I worked 50 hours & thought my OT pay was gonna be nice and juicy. When I got my cheque it was surprisingly lower than expected. I looked at my stub and noticed I was 7 hours short. + +I asked my manager and she said finance made a mistake & would add 7 hours to my nezt paycheque. I asked to confirm those 7 hours would be 1.5x pay. + +Her answer was no. I didnt qualify for OT cuz I was split amongst 2 locations. Apparently this was a policy they’ve had with every employee who worked 2 locations. + +Then my uncle informed me that what they said was illegal as I had 1 pay stub. If both locations were paying me separately then I technically wouldn’t be in OT. So I presented this information and when I told them they were breaking the law, they folded and paid me my OT. My coworkers who never spoke up were shocked as they missed years worth of OT. + +Moral of the story: always check your paystubs & don’t be scared to ask questions. The finance department didn’t make a mistake, they were trying to avoid paying what I earned. + +Then on the paid me 2 separate cheque’s for the different locations. & I happily refused OT every time I was asked. +Hi all, I’m well aware that I’m an idiot for this and it’s my own fault, but if I can inform one person then this is worth it. + +My partner and I rented a flat last year. Money was tight but I had just about enough to scrape together a deposit. However out letting agent (Leaders) recommended a ‘no deposit option’. Where instead of paying a deposit we pay a monthly fee. On the website it reads: + +“Our innovative No Deposit Option (NDO) is allows tenants to move quickly, and easily, with no rental deposit. Rather than paying a large deposit upfront, you can instead pay a small monthly fee* and enjoy deposit-free renting.” + +I naively assumed that this small monthly fee then went towards a deposit that is built up over time. But no, we paid the monthly fee for the pleasure of not paying a deposit. And now any costs at the end of the tenancy we have to pay on top of this. So now we owe them £700… + +I feel misled honestly; if I had known that this was what the No Deposit Option was (and the clue is literally in the name, I’m such a fool…) I would never have signed up to this. + +Roast me in the comments if you want I definitely deserve it. But hopefully my expensive lesson will help someone. +Hello everyone + +I\`m new to real estate. I wanted to ask you what are the best states to invest in for residential real estate? + +States with fast growth and low taxes like Florida, Texas or Colorado? +Was listening to Bigger Pockets Episode 500 with Robert Kiyosaki, and he mentioned something to the effect of how terrible of an investment a 401k is. Got me thinking. I realize it depends on a number of independent factors, but how many of you have forgone 401k investment and gone 100% toward alternates like real estate? +I get a 6% match dollar per dollar, so I of course have always done that, but now max it and have my wife max hers as well. Tax implications being the biggest reason, but real estate offers a number of other solutions around taxes anyway once you truly know what you’re doing. Has me wondering if I should be utilizing anything past the match toward more real estate. I always liked the idea of leaving my job with a decent chunk in 401k and just knowing it was growing there for a rainy day while real estate covered my living expenses a couple decades. I wonder if I’m being too simple. +Background: Currently in the process of refinancing my mortgage and received an estimate of 3.375% that my current loan officer was not able to match. The best they could do was 3.75%. + +One of the things I see here is that relationships are heavily valued. My current LO works extremely hard and gets back to me ASAP even on weekends and weeknights. During my last refi, they helped monitor the rates, reached out without me asking, and let me know when was a great time to lock it in. They even checked up to see how life was going when the COVID madness started. + +LO with the better rate replies once a day and seemed in a rush when I called them. Definitely completely different vibe. + +Ultimately, the difference in rate results in about \~$200 per month saved. + +So the questions is... do I value the relationship or take the better deal and never look back? +Hi guys, I am new at algorithmic trading. +I created a bot that base on certain signals can predict if an specific asset price will go up. + +The thing is, nobody knows how up can go. +Normally is between 0.4 and 5% before the market dumps and goes bellow the entry point (loss). + +Currently my bot, that is not yet very smart, is closing the position when the price reaches a 1% increase. + +So for all those occasions where the price keeps going up I am leaving money over the table. + +Can you guys please point me in some directions where I can learn about “exit strategies” for maximizing output with algo trading? + +Thank you very much. +I mostly sell put premium to value yet high IV companies whenever possible. Recently I've been introduced to a group that chases the highest premium possible per collateral. Kinda the dark yolo side of theta gang. + +If any of you guys are like them and want max premium per buying power, this is the list for you. + +Image link: [https://imgur.com/a/cb1A2X2](https://imgur.com/a/cb1A2X2) + +The 20 companies includes GSX (ongoing fraud allegations) , RCL and AAL (wrecked by Covid), MRNA (biotech), NAT (tanker gang), general WSB favorites like SPCE, NKLA, FSLY. There's way more companies but these are the top 20 by option volume for their ATM put. + +So here's the most expensive companies to bet against, and for good reason. +I’ll try to keep this as concise as possible but any and all advice would be SO SO appreciated! + +I am 23, my husband is 24. We both graduated from college last year and are working full time jobs. I make 57k, he makes 61k. He has no credit score as he is an immigrant, mine is around 730. + +I have a medium/large windfall from my fathers passing two years ago. I have 71k in savings (in a normal savings account sitting there because I’m dumb and am paralyzed by choice), still waiting on an additional 31k tied up in the courts, and have about 50k in CASH (my father was very skeptical of banks... not sure what to do with this without triggering the IRS) + +I have also inherited my childhood home - worth about 700k. My husband and I are moving into this house so we have no rent, but it is pretty dilapidated and needs an immediate 15k put in (new floors and a new wall in one of the rooms). My husband has saved the 15k needed for immediate renovations on this house - per our agreement. I would also like to spend an additional 20k on the house this summer for new windows, AC, and a new fence. The house needs a total of 120k in renovations that we would like to do slowly over the next 5 years. (Thoughts on taking a mortgage out on the house for the renos? It’s completely paid off.) + +Our Monthly Finances: + +Monthly Income After Tax: 8,000 + +Health Insurance + Benefits: -300 + +House Taxes and Insurance/12: -240 + +Water, Gas, Electric: -250 + +Phone and Internet: -150 + +Car Insurance: -200 + +Food - 750 + += ~$6,100 leftover a month + +Having fun and enjoying life is important to us. We both have a fun allowance of $300 a month, and we like to reserve about $2000-3000 for travel a year += ~$5200 leftover a month + +Current Saving and Investment Plan: + +Husbands 401k 10%: $510 a month, $6,150 a year (we think we should increase this and maybe cap it at the 19k?) + +My IRA: I haven’t even started it yet because again, I’m dumb and a total avoider... will start and cap it at the 6k? + +Bank Savings: 71k + 15k = $86,000 (+31k this year) + +Cash: $50,000 + += $5200-$510 401k contributions + +** = $4,690 current monthly surplus ** + + +Questions: +1. What should I do with the 50k in cash? How do I put this in an investment without triggering any alarms? This money was post-tax saved by my father but how would I even prove that... + +2. Should we max out my husbands 401k with 19k a year? Should I max out my IRA at 6k a year? + +3. Where should I invest my 71+31+50k savings? Any specific company recommendations? Specific investments? I’m totally lost. + +4. Should we spend half our monthly savings on the house renovations over the next 5 years? What is the smartest way to go about renovating this house. I know from reading here that spending all my liquid cash on renovations is not smart. + +5. Any bank recommendations? We need to create a joint account and are thinking about Chase. I am thinking about Varo for the high yield savings account - it’s 2.8% under $50,000. + +6. Should I go with a traditional or ROTH IRA? + +My idea: +Put half the monthly surplus in both the 401k and IRA ($2345 monthly) [maxing out the 401k would be $1584 monthly, maxing out the IRA would be $500 monthly, we would put the remaining surplus in the investment account] and spend/short term save the remaining half ($2345 monthly) in a high yield savings account for renovations. + +*surplus is optimistic, we also need to buy a new car this year or definitely by next, and initial move in cost will be around 5k for household items. + +Sorry, this wasn’t short and very thorough... please help! +Hey, + +I started investing my savings around July. Because of the Bullmarket at the moment in the US, I've made £200 since, from investing in the S&P 500 and Nasdeq; and I've got AMD and Disney stock right now, that I've bought recently. + +In total I have over £5000 invested, money that I've saved up from my minimum wage income. Since August I've been adding £385 to my investing account monthly. + +At the rate I'm going (I'm almost 20), if I keep my yearly investment total aligned with the increase of inflation, I'll be on my way to retire as early as my mid-forties, so long as the US economy doesn't collapse to the point of no return. + +However, £385 is over a third of my current income. This aslong with saving for car insurance, petrol, and cheap rent, I'm getting stressed out. I have hobbies I want to indulge in, I want to go places when I want to, and to be able to afford nice food with friends. + +This past month I've spent more money than I'm comfortable with, and it could become the norm. So, half of me is fighting to sell my stock in AMD and Disney, for emergency money; and cutting the £385 down to £250. +i.e. Vitalik or Joseph Lubin + +Simply upvote/comment here: https://np.reddit.com/r/JoeRogan/comments/6d9yr0/anyone_else_surprised_the_joe_hasnt_once_spoken/ + +It'd be great to get more exposure through the JRE - the world's most popular podcast - and through Joe Rogan, a truth-seeking man. + +Edit: Here is Joe Rogan's Talent Booker: https://twitter.com/mattstaggs + I'm a 21 year old Romanian student and have just started my very first paid internship. I've always liked saving up money and in the last few years have lived a very frugal life. I've just started realizing that only saving up isn't enough. + +I currently make about \~400€ month and have about 1230€ saved up. What's my next move? + +Watching multiple Youtube videos I've discovered the stock market, 401Ks, RothIRAs and all the other buzzwords. That being said, most of the advice online is for US/Western European citizens and I still have no idea what to do. This is why I need help from more experienced people and this is where I've come to find them. + +* Where should I read about financing? What videos would you recommend? +* What online platforms are there available for me? +* What kind of retirement accounts should I open? +* How many types of investments are there and which one would you recommend? +* Any other advice is welcome. + +Thanks in advance! +Pretty much the title, I am currently looking into the possibility of buying a flat for investment purposes, either in Berlin or Porto (have connection with the cities) and after looking into hundreds of apartments, checking locations, price per square meter, renting income possibility, etc I still feel quite confused and ignorant on the topic. + +Any of you has gone through this process that could give me some details and tips around the topic? + +Thank you! +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Our family has a few vacation properties/ boat slips and boats that have been handed down a couple generations. TBD if our heirs are interested in keeping the family traditions alive. It’s a decent amount of work to maintain these things plus I could see family traditions dying if heir A got property A and heir B got boat B. I’m wondering if instead we put all assets in a trust of some sort and then each heir gets a share of ownership. Seems more likely that the family would continue to get together at the family beach shack instead of if uncle Johnny owned it by himself. Likewise I could see a lot of the children wouldn’t be interested in owning a 45’ sailboat because of work/benefit ratio but I could see all of them individually enjoying it for a few weeks a year with their respective families. + +Does anyone have something similar? I’m envisioning a timeshare agreement with a reservation system where each shareholder can reserve time based on the number of shares they have. Likewise there would be x amount of investments owned by the trust to self fund maintenance and expenses. +First thing, im still a newbie to trading options but put in so many hours studying daily, monthly, to where I felt confident in trading options and felt I was ready. Or so I thought. The first 2 weeks were amazing, I was making more money in 2 hours than I ever was working a whole day in my life. I was actually surprised myself that I was actually successful in trading options and was making amazing profits daily for those 2 weeks with no red days. Just break even days a couple times. Then came this past Wednesday-Friday. I had seen a profit I didn’t think was possible 5 minutes into the day on Wednesday. I felt confident stock was going to keep going up, it went down, long story short that unreal profit turned into my first massive loss. I didn’t set stop losses or anything like that which ended up costing me pretty badly and I held a couple contracts to the next day. Anyways, W-F was pretty much a horrible downfall to where all the profits and more I have been wiped out. I’m starting fresh tommorow, but with a very low amount of money. Any advice please? +So anyone else here barely seeing a drop in houses prices if any drop at all? Not only that, every house I'm interested in is still selling within a week of getting posted. Hearing all this news of horrible auction clearance rates and people not interested yet I'm seeing quite the contrary. Maybe it's just my area and surroundings? +Got a job off for $28/hr. That's a raise from 23.80 for me. + +Current insurance cost is $250/month for my wife and I. Medical, dental, vision. + +New job offer wants $727/mo th. Medical and dental. No vision. Comparable plan. Almost exactly the same. + +That new cost is 18.8% of my take home. This seems high... I asked to negotiate pay or cost of insurance but they've resisted so far. + +Thoughts? + +I'm in New Hampshire if that matters. Current company is big, New company is 50 ish employees. + +UPDATE 1: + +The coo I've been communicating with says he sees where I'm coming from and asked what I needed to make. I told him $35 as I hope to get $33. The add I applied to actually stated 35 was the bottom of the pay range so that's where I'm going to aim for. +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! + +Probably from from 1 May 2021 + +No more 6% interest rate. +They are back to normal now. + + +New rates +Below 1 lac : 4 % +1 to 10 lacs : 4.5% +10 lac to 5 cr : 5% + +Suggestions are welcome about where to park money now ! + +Now its official ! + +[Show me the proof](https://pdfhost.io/v/x.SwNWF9E_InterestratesonDeposits01052021pdf.pdf) / I already trusted your words +So I set up a personal account at Coinbase to play around with bitcoin. I thought I would buy and sell some, and try to spend on real world things, etc. I've been watching bitcoin for a long time, of course, and I thought it past due to test it as a consumer - how hard is it, how confusing is it, etc. + +Anyway, I mentioned this on twitter and a guy asked for my BTC address (which is: 1McNsCTN26zkBSHs9fsgUHHy8u5S1PY5q3 ) and last night a bunch of people got all excited and sent me BTC. Obviously I'm going to cash all that out in a few days and send it onward to the Wikimedia Foundation so if you want to keep doing that, I'm ok with it. + +In the meantime, I am still learning and I've seen some chatter about me moving the BTC from that address. I think people are referring to this: https://blockchain.info/tx/29f8972043a293ad2168b62a85e8c9576d8ce6a02d624b9728e33143cae44d64 + +I didn't do that. When I first saw it (I'm a newbie, remember!) I was slightly alarmed. But someone else said that maybe it is coinbase moving it into cold storage. And when I log into my coinbase account, I don't see anything missing, i.e. I see incoming transactions but no outgoing ones. + +How can I best confirm? + +I'm planning to re-open the conversation with the Wikimedia Foundation Board of Directors at our next meeting (and before, by email) about whether Wikimedia should accept bitcoin. One reason (not the only reason) that we haven't is that setting it up as an option during the fundraiser has a lot of implications (we know, for example, and you will likely find this counterintuitive, that the more payment options we give people, the less they donate). But it occurs to me that they could just set up an account on coinbase and announce it via social media, and not bother with integrating it into donation screens and all that. The BTC community is pretty close-knit and generous, so that'd probably work pretty well. + +tl;dr - I'm playing with bitcoin, thinking about it, and have some questions about how to look at blockchain.info. + +You can confirm the address above by looking at my twitter: https://twitter.com/jimmy_wales/status/441634501265862657 + +And this reddit account is known to be associated with me, I think I confirmed it by posting on my wikipedia user page or something like that. +So let me preface this by saying this: I save 25% of my paychecks, and get paid bi-weekly. Despite that, I know that if I had one checking account I would regularly forget how much money I had for play. Before I opened extra accounts I would regularly forget when my bills were coming and had to dip into my savings because I spent more than I had to cover my ass when the auto-pay came. + +I currently use Ally Bank as my main account. I have no issues with it and would recommend it for those looking for an online banking account. But I had money issues having just one account, as I described above. I also had no way to deposit cash/count coins so I figured I would kill two birds with one stone. I opened a Republic Bank account for a brick and mortar and to handle my health insurance auto-pay. + +I then saw a promotion for Capital One 360 Checking, I decided to move my car payments there, while taking advantage of the $100 bonus they had. + +So now three of my important auto-pay bills are separated and paid into the minute I get my check. The money is removed instantly, so I now have a more accurate representation of my spending money. Rent gets paid immediately with my second paycheck of the month regardless of what day it falls on, so that is also removed instantly. + +The premise is to separate important bills that auto-pay into separate accounts that are paid into instantly, but taken out at a later date. This clears up any confusion of how much I truly have to spend for play in my checking account. It's helped me save a lot of my hair from falling out and maybe it'll help some of you guys/gals. + +Edit: Woke up with 80+ inbox replies. Glad a lot of you guys also found use in this as well =) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi r/personalfinance. I’d like to share my success story about recently asking for and receiving a raise. + +I currently work in an account executive/outside sales position in a medium size, international company (1,500+ people). I was hired and trained straight out of college, which is extremely out of the ordinary for my type of position (most similar outside sales entry level positions are 5+ years experience). During my final interview, I was asked to name my salary expectations. I asked for 50k (which to 22 year old kid, sounded like a lot at the time) and they happily obliged. I received a 3k increase after successfully completing training and another 5k of the course of the next 3.5 years or so. I should also note that I get reimbursed fully on all gas receipts, cell phone, and a 6k per year taxable auto allowance. I also receive a yearly bonus that has usually been about 1 month of salary. My W2 showed 72k in taxable income last year. + +I have been extremely successful and have worked very hard to build my own account base in my job the past 4 years. My company and direct managers are very pleased with my progress, they think I’m a hard worker, and I always get great reviews. The real problem is my salary or bonus is not based on commission. I’m salaried with a profit sharing bonus that is based on how well the company (not the individual salesperson) does. + +This past year I did very well based on all measurable metrics. I knew that if I really wanted a raise, the time to strike was now. The past 1 or 2 years, I had been approach by several headhunters. I’m not really looking for a change of scenery as my current industry is consolidating, there are financial woes, and I’m well liked and really like my current work/life balance. However, I couldn’t ignore the numbers they were throwing out. The last recruiter to contact me told me the salary was up to 90k + benefits depending on experience (with a min of 3-5 years experience in my current role). 58k vs 90k is quite the discrepancy. + +During my last review I mentioned to my direct manager that I was unhappy that our bonuses/salary is not based on how we do as individual sales people. I also mentioned the fact that I had been approached several times by headhunters. I reiterated that I really enjoy my job and want to stay but asked if there any way to have a review. He said that he would get the message over to HR but wouldn’t promise anything. All salary decision must be reported to HQ in Asia for their decision. + +Less than a week later I was told that the president of the US would be in town for unrelated business and he would like to talk to me. We met and had an hour long discussion. I was able to really get him to relate to me, I shared with him the cost of living in Los Angeles, how I really enjoyed working with the company and would like to continue to grow there, and how I felt my number were incredible good. He just was put into his position about a year ago, so he had no idea how much we all made. + +He told me that there should be no problem getting an increase for me. All my managers think I’m very hard working, I get very good result, and I always get very high marks on my appraisals. He asked me to name a range and I asked for a bump to the 70-75k range (12-17k) increase. He told me he would send a request ASAP to the global VP who could decide on these matters. + +Less than a week later (!!) HR called and informed me that they had agreed to a 14k increase to 72k per year (25% of base!). In return, I gave them a commitment to stay for 3 years. As I mentioned before, there’s a lot of turmoil and consolidation in the industry, so it’s a good time to stay put and ride this out. I felt great that my managers went up to bat so fast for me and my company likes me so much they gave me a huge increase and wants to tie me up for 3 years. I’m also eligible for all future scheduled raises and I’m in a higher bracket for the year profit sharing bonus. + +All in all I went from 58k salary to 72k salary effective this month! On top of the other benefits and bonus, I’ll be making at least 90k per year which I’m so excited about! I was very hesitant and nervous to ask but I thought that I deserved it. I lurked this sub for good advice constantly so I wanted to share my story of good fortune! Thanks to everyone for reading, let me know if you have any questions! + +My wife and I invested in a new condo about a year ago. We paid an extra 1.5% to have buy the “rental license” from the builder. Only 30% of the units can be allowed to be rented by tenants. Well now the board/Ghertner has put an extra fee of $200/yr ($370 if we don’t pay it) for all investor units. Is this legal? What can they do if I don’t pay the fee? What’s to stop them from increasing the fee to $1000/yr in the future? HOA dues are already $211/mo (no pool). +I'm a 17 year old girl. I have a job, and checking account, and a savings account. My only problem is that all my money can be accessed by my mother. She's horrible with money, along with things, and is always messing with my money whether it being needing to borrow money all the time or just taking my money. If i don't want to give her any she either guilts me into doing in or take my money via the capital one teen money account set-up. I'm trying to save up for college application fees, a car, and stay on top of paying for my cats health insurance while having some type of disposable income. How can I keep my money safe from her and stay on top of paying my bills on time? +Disclaimer: I am not a financial or investment advisor.  + +Before this subreddit was ruined by ten million people, solid DD used to get done. Do you ever find yourself reminiscing about the good ‘ol WSB days?  + +Well, your prayers have been answered. Degenerates gather around, as I am bringing you a once-in-a-lifetime opportunity to make some serious $MSFT tendies 🚀 + +&#x200B; + +https://preview.redd.it/0pep3xv4q0x61.jpg?width=1125&format=pjpg&auto=webp&s=642d5177640873d5de9216b01ec9b163dc2b24f8 + +Today, Bill Gates announced that after twenty-seven years of marriage, he will be divorcing. Do you know what this means? Bill is single and ready to mingle.  + +Step 1: Use Wife’s Tinder Account + +Step 2: Match with Bill Gates + +Step 3: Wife goes on date with Bill, they fall in love, he proposes, no pre-nup  + +Step 4: Wife marries Bill and becomes $MSFT royalty + +Step 5: Continue to date wife  + +Step 6: Cash out 🚀🚀🚀 + +For those too retarded to read: + +&#x200B; + +https://preview.redd.it/tts3psz5q0x61.jpg?width=1125&format=pjpg&auto=webp&s=5f68092ae47d414627c6dee8a0c4afd6808bcc57 + +Congratulations. You are now your own wife’s boyfriend. +u/gamestop \#GME + +&#x200B; + +Morning Silverbacks, Gorillas, Spider Monkeys, Lurkers, and all Apes! + +I'm a lifelong customer of Gamestop. During my daily morning perusal of new shit to buy...I found some interesting info. (Proof I buy way too much shit at Gamestop below.) + +&#x200B; + +https://preview.redd.it/2ofmpnim1rr61.png?width=480&format=png&auto=webp&s=b529e36817463e4b1717086efb19369efbd027ad + +&#x200B; + +Gamestop is now carrying 5 new HUGE product lines. The best part? There are people that have reviews on them already. What does this mean? People have already bought and reviewed them AT Gamestop! NEW PRODUCTS AND NEW SALES FOR THIS QUARTER!!!!!! + +Arcade1up Machines + +&#x200B; + +https://preview.redd.it/xx4f4o4u0rr61.png?width=1253&format=png&auto=webp&s=22682e54730053f48a98c9d92309f19ee04ac7b2 + +Nanoleaf Lighting for gamer rooms (the cool lighting setups you see during #Twitch streams!) + +&#x200B; + +https://preview.redd.it/upkrvsmp0rr61.png?width=1189&format=png&auto=webp&s=b8d65632af4c0e14d52e06d2345145bfa59b0fbb + +PNY Graphics Cards AND Memory! + +&#x200B; + +https://preview.redd.it/sx3a20zr0rr61.png?width=1205&format=png&auto=webp&s=a2cceba1fc08790f94a489b32082ab6ef6de9344 + +Swagtron Electric Scooters & Hoverboards + +&#x200B; + +&#x200B; + +https://preview.redd.it/n7xtpvx01rr61.png?width=1234&format=png&auto=webp&s=11ddc6acdc644e63413249dec972e312a19d19d0 + +AK Racing Gaming Chairs! + +&#x200B; + +&#x200B; + +https://preview.redd.it/2d97i4uj0rr61.png?width=1171&format=png&auto=webp&s=75b43ef55e2fe865f4cf6f834e52bbe510aeeeb1 + +Remember how the Chief Merchandising Officer was being ousted? It seems they are forming relations with many new vendors. These are huge deals. Why? Best Buy and Amazon are competitors for these products. If you can buy anything a gamer wants at a Gamestop, why would you want to use the other guys anymore? + +The entire brand is changing. + +I like the stock. To the MOON!!!!!! + +&#x200B; + +**EDIT 1: Gamestop liked this tweet!!!!!** + +&#x200B; + +https://preview.redd.it/q6suqxwbprr61.png?width=734&format=png&auto=webp&s=2211ea275a4aa550bd3ade78d9ecb9f6fa3f6094 + +**EDIT 2:** + +Anybody like PC Monitors, routers, and high end ASUS equipment? Gamestop has that now too. They haven't promoted this yet....but guys, this is it. They're going all-in on PC gaming...and yes, there are already reviews and people are actually buying these products AT GAMESTOP!!!! The next quarter results should be astronomically better than last quarter! + +&#x200B; + +https://preview.redd.it/iz6751jgsrr61.png?width=927&format=png&auto=webp&s=e9e4fdb14cbe9bb8f868a0d98571c83e89ae7eca + +&#x200B; + +**EDIT 3: Some APE and I were joking about "When are they going to start selling EVGA?!** + +Well....fuck me, they already did!!!!!!! No reviews yet. This must be brand new....and the best part of all: POWER SUPPLIES AND FUCKING COOLERS!!!! FULL PC BUILD CAPABILITY! + + +GME TO THE MOON!!!!!! + +&#x200B; + +https://preview.redd.it/4d6pm7jxyrr61.png?width=887&format=png&auto=webp&s=ef7b22a35f2ad72ad3c235275faa795146721680 +Hi all, I have been looking for some insights for stock market investment. +I have read this statement on multiple blogs and from multiple long term investors saying that it is always a good time to buy stocks in companies with a good profile if you're planning to hold for a longer horizon (10+ years). +Is this true for the most part? + +A lot of people talk about 'the right time to get in is during recession' but how the heck do you predict the right point to get in? +Worst : + +Buying some stupid LIC policy. Paid sincerely every month for 10 years and after commissions got less money than I actually invested on maturity. + + + +Best : + +Just started. So nothing great has happened so far. So the best so far was investing a small amount in April. Extraordinary CAGR yet due to the small amount invested the profit is barely hundreds of rupees. +I was wondering if a health insurance can deny claims in the grounds of concealment of diseases bit in reality we ourselves are not aware at the time of policy issuance. + +For example lot of folks have latent hypertension but unless they are getting full body checkups done every year they will not know till it becomes an issue. + +How does "Good Faith" In insurance works under such cases? +Sebi keep increasing margin for FNO trade every 3 month. Now it is 75% and will be 100% from 1st sept. + +Well now because of this option selling in India has become less and less profitable. They say they are doing so that people won’t lose money. + +[Rant] But the money is ours let us decide for someone will lose money then someone will make money too. Government will get multiple taxes during this. Why don’t they close stock market so nobody loses money. I was making good money for last 2 year and living on it. But seems it is over now. + +Margin requirement was already too high in India [Derivative traders in India pay up to 500 times more margin, says study by SEBI sub-committee](https://www.moneycontrol.com/news/business/derivative-traders-in-india-pay-up-to-500-times-more-margin-says-study-by-sebi-sub-committee-4072141.html) +The title says it all. I hope that this year is the last year I will be poor, not for me. When you live with little, it's hard to become materialistic. But I want to be able to take care of my mom. I remember her coming home from work to make dinner for me and my brother, then rushing out the door to go back to work. No one should have to live like that. I want to be able to not worry about either of us working so we can spend more time together. +And I hope that 2023 is the year that happens. +After 12 years of 24/7 work my wife and I sold the company we found. We got most of the proceeds at close but there is a sizable earnout for hitting a 2020 target so we will stick around for a while. + +After all said and done, we will have around 7M. Turned 40 this year and got a 2 year old bundle of joy. + +I noticed a few posts on fatFIRE from people who sold businesses. What are your top 3 must-do and top 3 must-avoid advices for the first year? +Hi! As a newbie, with some capital, the wheel strategy seems kind of “too good to be true”. + +I realize it’s probably not as easy as some posts here make it seem, but still, A conservative 1-3% a month of gains is huge. + +So the question that I’ve been asking myself recently is the following: what is the catch? Why doesn’t « everyone » do the wheel - in your opinion? +One my my LEAP was destroyed in the last months and is at currently at unrealized 99% loss, expiration Jan 2023. Anyway... + +I don't think the stock will rebound ITM but I intend to juice it and let it die. + +What could be the best option to get a max of premium before it expires : +- stock repair strategy +- cost averaging down this LEAP and buy more at a very discounted price and then sell weekly calls at delta .15 until expiration. + +I know that I have already reach max loss, so I'm ready to gamble my way out as it can't get worse than that. +Setting everything up was so easy, I used myetherwallet and Coinbase and had no issues or wait times. Just wanted to share how happy and excited I am! +I mean, really. I don't understand DDs, I don't care about Legos or buildings lit up at night. I don't follow Ryan Cohen on Twitter, I've never ever watched CNBC in my life. + +FUD doesn't concern me, because I don't pay it any mind. + +I'm a man in his mid-thirties who never went to college, and doesn't have much (outside of what little I've invested in GME) in savings. I work hard, long days. + +I just like the company, and I want a better future for my daughter, and I'm not selling until I see eight figures. That's it. + +I like this community, but I'm in this for me, and mine. + +Anyway, thanks for having me. +TL;DR Repost with different title for visibility! The Fed controls our country and us in every way shape and form, nothing bad in our country has happened by accident. Money is the root of all evil. Check the video if your not a reader...[https://youtu.be/dw4xZKM9T4c](https://youtu.be/dw4xZKM9T4c) + +We all know Thursday was the big "liquidity test". This is the infamous Rule 4(A) that has the highly anticipated change via SR-NSCC-2021-002. Rule 4(A) mandates that in times of increased trading activity around options expiration periods, no later than 5 days before options expiry, the NSCC collects Supplemental Liquidity Deposits to determine the largest liquidity need that exceeds it's resources and develop a list of the 30 or fewer contributors that how the highest liquidity exposure to the NSCC. + +https://preview.redd.it/7fr66dlflvz61.png?width=763&format=png&auto=webp&s=8e64a787621c7ae448aefc87a9ac4ff44c4a636c + +Now in the event that one or more of these companies show signs of liquidity shortage in their deposits, it could result in a request for an additional deposit. Now it is thought that and expected some broker/dealers have been margin called in the midst of this event because everyone is scrounging for money to present today. However, this morning we found out the Federal Reserve had to get involved, as always.... + +https://preview.redd.it/gm18cjwelvz61.png?width=866&format=png&auto=webp&s=bb774fd8ca49df8b7476da4aa7de4b4b7c711979 + +Remember when [u/Atobitt](https://www.reddit.com/u/Atobitt/) blew the lid off of the repo market and all of it's fuckery, revolving around Citadel mostly, but of course the Fed is involved in all of this! As you'll see soon, the Fed is basically involved in everything, or should I say controlling... + +[https://www.reddit.com/r/GME/comments/mgucv2/the\_everything\_short/](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[https://www.youtube.com/watch?v=1ZW4s2YPg\_8&t=1s](https://www.youtube.com/watch?v=1ZW4s2YPg_8&t=1s) + +Either way, go check out their website and you'll see that Thursday, of all days, the Fed pumps about $50 Billion more than its typical average into the repo market between 10 more participating counterparties than the average. Average is about $160 billion in Treasuries amongst about 29 Participating Counterparties. I'll admit, it's not a commissioned one-of-a-kind Jerome Powell finger painting made from his own poop that says "Hey were giving these people money to pretend like they aren't a liquidity risk to the NSCC" but it's damn close! + +This action was the finishing touch of my investigation on the Fed, their history, and their present. So go grab some popcorn, some sugary soda, some tendies if you have them and turn your phone on airplane mode. (Don't forget your tinfoil hat!) + +There are billions of intellectual quotes out there and if you know me you know I love to start with a good quote, or three: + +"There is something behind the throne greater than the King himself" - Sir William Pitt + +"The World is governed by very different personages from what is imagined by those who are not behind the scenes" - Benjamin Dislaeli + +"The real truth of the matter is that a financial element in the large centers has owned the government since the days of Andrew Jackson" - Franklin D Roosevelt + +I think you all prolly get the point by now, but if not let's elaborate. In 1775, the American Revolutionary War started. The American Colonies fought to remove themselves from the monarchy of England. There are several reasons that the war began, but one of the most significant was when King George III outlawed the interest free, independent currency that the American colonies were producing and using for themselves, which forced the colonies to borrow money from the Central Bank of England at interest. This immediately put American Colonies in debt. + +&#x200B; + +[Sound Familiar?](https://preview.redd.it/6f3iritalvz61.png?width=259&format=png&auto=webp&s=9e9ed50bda5e714ffdcac56d710ce463440f1d6d) + +Flash forward to 1783, America has won it's Independence from England! However, it's battle with the Central Bank (CB) concept and the corruption associated with it had just begun. Just in case I am leaving so of you behind, a CB is an institution that manages the [currency](https://en.wikipedia.org/wiki/Currency) and [monetary policy](https://en.wikipedia.org/wiki/Monetary_policy) of a [state](https://en.wikipedia.org/wiki/State_(polity)) or formal monetary union. Based on historical precedent, a CB has two major forms of power: **Interest Rates** and **Inflation** (Money Supply). + +However, a CB does not simply supply a government's economy with money, **it loans it to them at interest!!!** By increasing and decreases the supply of money the CB regulates the value of the currency they are lending. So, let's make this clear, the Fed **loans** the US money, tells them the amount they must pay back and when, and also at the same time determines that money's worth......how was this ever possibly imagined to be a good idea?! + +But wait there's more... A system like this can only produce one thing in the future, **DEBT!** This isn't that hard to figure out either. Every single dollar produced by a CB is loaned **AT INTEREST** to a nation\*\*,\*\* which means every single dollar produced equals **one dollar plus the percentage of that dollar's debt** that is brought on by the interest it holds. Since, the CB has a monopoly over that nation's currency and they loan each dollar out with an immediate debt attached to it, where the hell does the money to pay off the debt come from? The answer: The CENTRAL BANK! This means that the CB must perpetually increase the money supply to temporary cover the outstanding debt they've created, which is also loaned out at interest creating even more debt! At never ending viscous cycle of DEBT, DEBT and you guessed it MORE DEBT. + +The end result of this system, slavery, because it is impossible to ever get out of the self generated debt. Yes, I know this is a touchy subject but true none the less. The government, our government, is a slave to our CB, the Federal Reserve and thus we are too. + +&#x200B; + +https://preview.redd.it/koa4f989lvz61.png?width=281&format=png&auto=webp&s=5cef36e00e97e159a5d2245a667eaa209aa868a3 + +Our Founding Fathers knew this! They fought a war to get away from it! + +&#x200B; + +https://preview.redd.it/ig5rdek8lvz61.png?width=301&format=png&auto=webp&s=591db6e333fac788cfe63565beeb9b3bc0e8121a + +By the early 20th Century, America had already implemented and removed a few CB systems that were swindled into action by ruthless banking interests. Following that time period, the dominate families in the Business and Banking world were those of John D Rockefeller, JP Morgan, Paul Warburg, and Baron Rothschild to name a few. All of which are very notable to this day. In the early 1900s, these powerful families came together to push forth legislation for another CB. However, the government and public were very wary of such institutions so they needed to create a need for such a system to affect public opinion to increase their chances of success. JP Morgan, the most influential and respected finance related individual of his time, exploited his position by publishing rumors that the prominent bank in New York was bankrupt, which caused mass hysteria and effected other banks as well. + +Fear, Uncertainty and Doubt is NOT a new tactic! + +The public in masses began rushing to their banks to withdraw their money in fear of losing everything, which forced the banks to call in their loans. This forced a mass sell off of property that resulted in domino effect of bankruptcies and repossessions. A few years later, all the pieces were put together by Fredrik Allen of Life Magazine wrote, "The Morgan interests took advantage of the unsettled conditions during the autumn of 1907 to precipitate the panic, guiding it shrewdly as it progressed so that it would kill off rival banks and consolidate the preeminence of the banks within the Morgan orbit" + +[https://books.google.com/books?id=IE4EAAAAMBAJ&pg=PA126&lpg=PA126&dq=the+morgan+interests+took+advantage+to+precipitate+the+panic&source=bl&ots=AzbhWb0GD3&sig=ACfU3U2fD0AbTw62nvQEnmUEdgASsESPSw&hl=en&sa=X&ved=2ahUKEwibzKn6mcfwAhXBGc0KHYrkDiMQ6AEwAnoECAcQAw#v=onepage&q=the%20morgan%20interests%20took%20advantage%20to%20precipitate%20the%20panic&f=false](https://books.google.com/books?id=IE4EAAAAMBAJ&pg=PA126&lpg=PA126&dq=the+morgan+interests+took+advantage+to+precipitate+the+panic&source=bl&ots=AzbhWb0GD3&sig=ACfU3U2fD0AbTw62nvQEnmUEdgASsESPSw&hl=en&sa=X&ved=2ahUKEwibzKn6mcfwAhXBGc0KHYrkDiMQ6AEwAnoECAcQAw#v=onepage&q=the%20morgan%20interests%20took%20advantage%20to%20precipitate%20the%20panic&f=false) + +This led to a Congressional investigation led by Senator Nelson Aldrich would had intimate ties to the banking interests and later married into the Rockefeller family. Through this hearing a CB was recommended to avoid such an event from happening again. Shortly after in 1910, a secret meeting was held at a Morgan estate on Jekyll Island where the Federal Reserve Act was written by bankers. Once written, they gave this legislation to Nelson Aldrich to push through Congress. + +&#x200B; + +https://preview.redd.it/03sj82f7lvz61.png?width=281&format=png&auto=webp&s=14c5a908d67c27939e7eae410a960c204ca1bc7a + +In 1913, Woodrow Wilson was elected at the President of the United States, who had previously agreed to sign the Federal Reserve Act in exchange for campaign funding from banking interests. Two days before Christmas of that year, when most of Congress was at home with their families, the Federal Reserve Act was voted it and Wilson made it law. + +&#x200B; + +https://preview.redd.it/ckoj1iu6lvz61.png?width=191&format=png&auto=webp&s=33a2ce339573e8d5e1739a20f39c8dd2f416da0a + +In 1919, Woodrow Wilson wrote this statement: + +"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." + +He wasn't the only one to speak up though, Congressman Louis McFadden also chimed in after the passage of the bill. + +&#x200B; + +https://preview.redd.it/0qag2y56lvz61.png?width=198&format=png&auto=webp&s=978577fe0310d8fb4f05b3e66548e75d4f038823 + +The public was told that the Fed would serve as an economic stabilizer and that inflation and economic crises were a thing of the past. I don't have to tell you have big of a lie that was. The truth is that now International Bankers had a streamlined machine to expand their personal ambitions. From 1914-1919 the Fed had already DOUBLED the money supply in the US which resulted from extensive loans to small banks for the public. In 1920, the Fed called in a large portion of the outstanding money supply, which caused the smaller banks to call in huge numbers of loans just like 1907. Mass bankruptcy and economic collapse followed. Around 5,400 competitive banks to the Fed collapsed during this which boosted their monopoly even more. + +Congressman Charles Lindbergh, privy to the corruption, offered this quote during the crash, "Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figure a mathematical equation." What a clown! + +Little did we know, 1920 was just the prologue. From 1921-1929 the Fed increase the money supply by another 62%. That's 62% of the already doubled money supply of 1914. During the Roaring 20s, a new type of loan was introduced, a Margin Loan. A margin loan allows you to borrow against the value of securities you already own. It's an interest-bearing loan that can be used to gain access to funds for a variety of reasons that cover both investment and non-investment needs. These loans allowed an investor to put down only 10% of a stocks price to gain full control of the share, while the other 90% was on the broker. So you could own $1,000 in stock with only $100 investment. People were making good money on investments, but there was a catch. The MARGIN CALL. At any given time, your loan could be called in and was required to be paid within 24 hours. In August and September of 1929, Rockefeller as well as many other wealthy insiders sneakily exited the market. On October 24th, 1929, the New York Financier's who furnished the margin loans started to call them all in at once. This created a mass sell out because everyone has to cover their margin loans, which triggered massive bank loans and led to the collapse of over 16,000 more banks which enabled aspiring international bankers to not only buy rival banks at discount but also buy large corporations for pennies on the dollar. The greatest robbery in American history. Sadly, as we know in hindsight, it didn't stop there. + +&#x200B; + +https://preview.redd.it/do7wdma5lvz61.png?width=280&format=png&auto=webp&s=bba7e0a100e153661a09f69f5a5f4afb97c4c4fc + +Rather than expanding the money supply to help the economy recover from the economic collapse the Fed actually contracted it, which fueled the Great Depression. + +&#x200B; + +https://preview.redd.it/5zrq7jo4lvz61.png?width=346&format=png&auto=webp&s=320355601df7a9bda07c7918e3d5ae77bfee48a7 + +A long time opponent of the banking interests that created the Federal Reserve, Congressman Louis McFadden began bringing impeachment proceedings against the federal reserve board saying this of the crash and depression: + +&#x200B; + +https://preview.redd.it/a801m4t3lvz61.png?width=327&format=png&auto=webp&s=f14e6bbe002aed7330f18403af8d5b6b146fedc5 + +But before he could push for the impeachment, he was poisoned at a political banquet in Washington and later died after surviving to previous assassination attempts. Now that this was put to rest, they had another agenda. They were being impeded buy something. The Gold Standard! But in order to remove the gold standard they would need to acquire all the gold that remained in the system. In 1933, under the guise of helping the citizens of the US to get out of the Great Depression, the President issued an executive order to for citizens to deliver all gold coin, bullion and certificates to the Fed. If you didn't abide, you received a 10 year prison sentence. This essentially took every single bit of the wealth the American people had left. + +&#x200B; + +https://preview.redd.it/0a75cp03lvz61.png?width=297&format=png&auto=webp&s=c43283d6619532d408d032b73daba2b7b3a27180 + +https://preview.redd.it/fxgokcw0lvz61.png?width=225&format=png&auto=webp&s=a17f4ecdfafd179af3e763a208142912464432d6 + +[ In 1933 the highlighted phrase was removed from the money in circulation and the Gold Standard was abolished. ](https://preview.redd.it/2ty37a8ykvz61.png?width=818&format=png&auto=webp&s=a948e9f36a6741019b7d5071d68c9ad4c54d4202) + +Now our dollars are backed and limited by nothing and therefore in full control of the Federal Reserve. + +&#x200B; + +https://preview.redd.it/6772lkuwkvz61.png?width=327&format=png&auto=webp&s=e2f1228e73b3ee716b0c7d6f0491defa8cf80499 + +So now we are literally back in the grasps of a fraudulent CB of which we fought England to be independent of. A CB that is about as Federal as FedEx. They are a private corporation that makes its own policies and is under virtually no regulation of the US government. As you may not know though, in 1913, another billed passed alongside the Federal Reserve Act, which was just as unconstitutional and fraudulent... Federal Income Tax. This is unconstitutional because it is a direct unportioned tax. A taxes have to be a portion to be legal based on the Constitution. Secondly, the number of States needed to ratify the amendment to allow the income tax was never met and this has even been cited in modern court cases. On average, you work 3-4 months out of the year just to fulfill this illegal tax obligation. Guess where that money goes? To pay the interest on the currency the Fed supplies the government with. Because a CB system only creates one thing.....DEBT! + +What's even more infuriating? Not one penny of this tax goes to a single governmental program, NOT A PENNY!!!! **IT ALL GOES STRAIGHT BACK INTO THE POCKETS OF THE INTERNATIONAL BANKERS THAT OWN THE FEDERAL RESERVE!!!!** The entire population of the US pays roughly 25% of their entire career worth of earnings to the owners of the Fed! What's even crazier? There is literally no law or statue in existence that requires you to pay this tax!!!!!!!! Two former IRS Agents openly expressed this in interviews, Joe Turner and Sherry Jackson, both claim they haven't filed a tax return since the day they found out it was all a lie. + +As if it wasn't already bad enough, these are just a few of the tools the Fed has for profit and control. + +What else could they have you might think? **WAR** + +Since 1913, there have been a number of wars, with the three most pronounced being WWI, WWII and Vietnam. Less than a year after its implementation, World War I commenced, centered around England and Germany. The American public wanted nothing to do with the war and Woodrow Wilson declared neutrality. However, behind closed doors, the US administration was looking for any excuse they could to enter it. Wilson's top advisor and mentor Colonel Edward House, a man with intimate connections to the international bankers who wanted in the war. Secretary of State William Jennings Bryan cited the proof for such motivations. + +&#x200B; + +https://preview.redd.it/s7jkku6vkvz61.png?width=262&format=png&auto=webp&s=a05e071866371c9b819d50ae58b8ae4849047bc1 + +The most lucrative event that could possibly happen for these international bankers is war, because it forces the country to borrow even more money from the Fed. There is a documented conversation between Colonel House and British Foreign Secretary Sir Edward Grey regarding how to get America into the war. In their conversation, Sir Edward as Howard "What will Americans do if Germans sink an ocean liner with American passengers on board?' Howard's response "I believe that a flame of indignation would sweep the US and that by itself would be sufficient to carry us into war. + +[https://www.history.com/news/how-the-sinking-of-lusitania-changed-wwi](https://www.history.com/news/how-the-sinking-of-lusitania-changed-wwi) + +&#x200B; + +[RMS Lusitania](https://preview.redd.it/yv7k4zjtkvz61.png?width=306&format=png&auto=webp&s=b92d5f0bac615dcb1f6e270de44b72b603849a3e) + +Sadly, on May 7th, 1915, the RMS Lusitania was intentionally sent into German controlled water where German military vessels were known to be. As expected, German U-boats torpedoed the sink which exploded stored ammo, causing the ship to sink in under 20 minutes and killed around 1,200 innocent US passengers. Proof of this being deliberate comes from the New York Times itself, where the German Embassy actually bought advertisements that warned people if the boarding the Lusitania, they did so at their own risk because such a ship would be liable for destruction. + +https://preview.redd.it/54dpcvu20wz61.png?width=1200&format=png&auto=webp&s=04142644837f60a824918b67eb1bf36efd688ffb + +As a result, America entered the war. The war cost an estimated 323,000 American lives. I'm telling you all this so you understand what we are up against right now. I even kind of feel uneasy spreading this information, but everyone needs to know. A great enlightenment is needed now more than ever because history is just repeating itself! + +JD Rockefeller personally made over $200 million from WWI, over $2 Trillion in today's equivalent! In total, the war cost America about $30 Billion all of which was borrowed from the Federal Reserve Bank. + +World War II and Vietnam were no different, but I'll spare you all the anger of the corruption for a later date. + +I say all this to prove just how far the Fed will go to make more money, but this may come as some twisted form of relief to GME and AMC holders. Why? Because the Fed wants Citadel and the Stock Market to crash, they want more stimulus checks, but its not all rainbows and cupcakes. We will strike gold because the fed is going to try to milk this for all the bailout money the government can request for these corrupt market participants, but this will be the first time the US citizens also won. What will happen as a result of this is unknown, but I can bet we won't have to wait long to find out. Stay safe out there everyone, seriously, apes together strong. Diamond handing a stock may very well lead to a long overdue American Revolution, We the People will prevail. + +&#x200B; + +Part 2 is coming soon that will bring us from WWII to now. I will warn you though its very disturbing and scary to read. +Now it's all good to be making financial gains by investing but how have you invested in yourself in the last little while? + +Personally I've been working hard on my physical fitness (lifting weights and sprinting in my local indoor track centre) as well as reading almost a book a week and practicing chess. Looking for some additional ideas and curious what else you guys are doing. +Having children without a father is pretty common amongst fatFIRE woman, however as a guy this is something I literally can't ask in many places for help. I'm hoping this forum can help me with both social/moral aspect it as well as monetary aspect. + +**About me** +35 years old guy, living in NYC. Have net worth of about $4M but thanks to a recent IPO I am looking at $6M in the next two years. I will work until something like $10M because I like my job. I am a software engineer (L6) in FAANG and making about $500K a year if not for an IPO that pushes my W-2 to $1.3M. + +Got divorced from my first marriage about 3 years ago. That divorce cost me about $2M. It was very bitter divorce and I'm still dealing with asset splitting lawsuits! I have no family in NYC or the US and I live by myself. No children from the previous marriage. + + +**Why kids without a mother?** + +I know this is a crazy idea! I understand many will judge me as a selfish guy who wants to have kids without having to deal with a relationship. But I am sure I will suffer from the same issues I was dealing with in my previous relationships and having kids will simply amplify it. Without going to therapy mode too much, I have to say I am very bad at relationships and I am pretty sure I will not maintain one long enough to raise kids. + +I love to have kids. It's the most basic instinct. Don't need to explain it further. I also want someone to inherit my wealth if I die suddenly. Currently everything will go to the government I'd assume. + +**My questions** +Where do I start? I have done some basic research. Surrogacy, Au Pair and Egg Bank is not too hard to find. But before getting that far into it, what else should I know? + +Please judge me a little but not too harshly. Am I being selfish and unreasonable? How this trigger so many people while a woman can do the same and not much judgment. A woman can use a Surrogacy arrangement too. + +Would you be able to understand this if you were born this way? How would you see your father? I know it's hard to answer this question, but it will be helpful to see the average response. It's okay if you feel very strongly against this. Please let me know anyways. + +How much this will cost compared to having children the normal way? + + + +**Answer to questions you might ask** + +Why not a prenup? It doesn't work. In most of states it doesn't work for asset splitting if I'm high income and my wife isn't. The most scare part for me is losing custody. In most cases I have no advantage to get custody of my children. + + +Why don't you learn how to have a healthy relationship and find a person who matches your income? I tried. Most women who make this much money or have this sort of wealth are not my type. Can go in more details but if you don't judge me too harshly, I would say I can't be in a relationship with a workaholic. It didn't work in past for even 3 months. And the "mother" type woman are perfect for raising kids but at the same time I'm running the risk of losing custody on top of money if things don't work in the long run, which I learned they never do. + + +Please have compassion in your responses. It's not an easy topic to bring up without looking like a huge d**k but this is where I'm at and I would appreciate any sort of help. Thank you! ❤️ +**THE POWER OF HEADLINES** + +Headlines usually lead the way in changing market sentiment. But oftentimes these headlines also serve as indicators for contrarian investing. A study conducted by Paul Montgomery in the early ’80s found that if an investor followed the direction of the headlines in the stock market, he would usually be right for 30 days after the announcement. However, the direction would be wrong for the subsequent 11 months after the announcement in 80% of cases. As an investor, you would have been right 80% of the time by investing contradictory to the headlines 30 days after the publication for a period of 11 months. + +The following shows some examples of news headlines and their effect on the market. + +**The** ***70s*** + +In 1973 during a low-interest-rate environment and when Wall Street experts appeared extremely bullish a panel of these experts announced that “Security firms, if not NYSE will flourish no matter what changes come”, resulting in high market expectations. Reality hit soon afterward and the market slid downwards to a yearly low. Even though economic fundamentals appeared positive and would have been reflected in the stock market, a chain of unexpected negative events (the Watergate scandal, war in the Middle East that affected OPEC’s oil prices and, some other smaller events) occurred. + +September 1974: Newsweek published its cover with a big, black bear, referring to the stock market and its eventual decline. This signal of extreme bearishness was then followed by a decline the month after the publication, but a rebound of 15 % from the October low through to early November. The market did eventually drop to an extremely low point on December 6 (contrary to Montgomery’s findings), for which subsequently even more extremely gloomy articles by reputable news outlets appeared. Guess what, after the December low, the market rallied more than 76% in the next months. This low point was thus the start of a raging bull market. + +***The 80s to early 90s*** + +After the 1987 market crash, headlines appeared extremely negative and sentiment shifted. In early November Time published a cover which read: “The Crash—After a wild week on Wall Street, the world is different”. The market continued to fall into early December but then continued the bull market, gaining almost 73% through July 1990. + +The bull market ended in July 1990 when the economy went into a recession. In the subsequent months, the markets declined by almost 20%. This decline was captured by Time in the middle of October 1990, publishing a cover: High Anxiety – Looming Recession, government Paralysis, and the threat of War are giving Americans a case of the jitters. This cover reflected the extremely negative mood of the general public and was the starting point of a bull market. + +***The late 90s to early 2000s*** + +January 1994: Fed raised interest rates to control inflation which resulted in a subsequent two-month 10% decline in the stock market. Stock prices traded at the lowest level in a year and sentiment had turned bearish. Headlines started appearing with titles that read: “How to survive in a scary market”. Buying during these extremely negative times would appear beneficial for investors as the market reached a low in April 1994 and has NEVER been as low since then. Less than a year later the market turned into a bull market. + +Example of extreme bullishness The bull market continued until 1998 when headlines published reflected the extreme optimism of the public in the markets and the desire for these times to continue. Of course, the market eventually topped in July of 1998 and proceeded to a first bear market in a while. The bear market bottomed only a month after the top and the subsequent bull run continued well into the early 2000s. + +The same happened a few years later when the Nasdaq bubble burst. + +Media reported that “High­tech stocks are undergoing a much­ needed correction. But relax, the overall market probably won’t tank. What we’re seeing looks more like a healthy flight to quality.” + +This outlook turned out to be another contrarian sign, since, after a short summer rally, the broad market did in fact continue to “tank,” led by a continued collapse in technology­ related stock. The first recession in over a decade to have in fact begun that very month of March 2001. And Time’s reassurance about “looking beyond the bear” was also a contrarian sign since the market was soon falling again even before the terrorist attacks of that September. + +***Lesson*** + +The lesson here is not to believe that Montgomery’s study is always right or that what he found will always happen. It should, however, be kept in the mind of investors when market sentiment starts to shift and the extreme sentiment is published in the media. Markets tend to overreact, especially to negative news, and are therefore bound to bounce. It is important to understand that markets reflect future projections in the price. Usually, when the media starts to publish extremely gloomy articles that reflect current economic conditions, the market has already priced in all the negatives, and from then on starts to reflect future positive scenarios in the price, resulting in rising prices. + +***Market lessons from politically motivated quotes*** + +* 1966, Lyndon Johnson: “I can report to you tonight what you have seen for yourselves already—in every city and countryside. This Nation is flourishing” The market peaked in February and headed into a recession later in the year. The market rallied again soon after until December 1968. In 1969 before his departure he reemphasized prosperity: The Dow then dropped over 35% over the following next year and a half. +* Richard Nixon: In January 1974 Nixon promised, “There will be no recession in the United States”. Even though the recession had already started and future consequences would become evident in the following months. +* January 1975, Gerald Ford: “And I must say to you that the state of the Union is not good”. From this point of maximum pessimism, the market turned to a new bull market. +* January 27th, 2000, Clinton: “The state of our Union is the strongest it has ever been”. Highlighting the positives of the previous year: low unemployment, surging stock markets and high investor inflows. He however did not mention the dangers that resulted from these high inflows and the high consumer debt that followed. The peak occurred on January 14 and fell almost 40% from then on in the subsequent months. + +One must understand that sometimes announcements by public figures (political leaders) and the subsequent news headlines are made to reassure the public with the goal of preventing further panic and pessimism. One must compare the underlying reasons behind such statements with reality. For example, ask yourself how the economy is really doing, compare what you observe to the statements given by public figures and try to understand what the implications are for the future. + +***Indicators of crowd sentiment*** + +The following are some of the many indicators that can be used to predict a top/bottom. + +*Valuation*: When investors are willing to pay ridiculous prices for stocks, it indicates that markets are at an extreme. When stocks are valued at extremes, and there are buyers for these stocks, the market is generally approaching an extremum. + +*Asset allocation*: When people put more money into equities than other investments (real estate, bonds, …) the market is generally approaching an extremum. + +*The number of active investment clubs*: When stock markets are roaring, people have more money and often don’t know where to allocate money. At these times the number of investment clubs rises. Contrarily when the market is bearish, people don’t have money and the number of investment clubs is low. + +***Bull and Bear markets*** + +Another interesting finding is that bull markets generally outlast bear markets. The headlines in the past paragraphs were followed by changes in the market, but the bear markets generally lasted a lot shorter than the bull markets. Crashes were almost always followed by some type of rebound. I believe many investors are currently awaiting a crash, but never seem to realize what is happening at the moment. When stocks tank fear kicks in and people want to protect their money. As a result, they make decisions based on emotions instead of trying to understand the underlying logic behind the changes in valuation/prices in the market. This doesn’t mean that one can predict or time the market, but one must at least try to understand what is happening in the markets before deciding whether to buy or sell. +In the 2021 Annual Shareholder Meeting, Warren Buffett said that he had trimmed bank stocks in order to stay below the 10% requirement. + +What is this requirement? I used to know this but I forgot. Can someone help in layman's terms? + +Thanks. +I have been getting into selling puts and covered calls on stocks instead of just jumping in and buying them right away, i'd rather collect the premium. My question is, in theory, take HPQ for example (none of these numbers are correct just an example). HPQ is trading at $38.50. I sell puts at say $36 on it every week and collect the $15 premium per contract. In 6 weeks, it goes below my strike price and I'm forced to buy it, say at $36. $3600 used -> $90 collected. I start selling covered calls on those 100 shares at a $42 price and collect the premium for the next couple weeks. Stock jumps to $44 and someone buys the shares. I go back to selling puts.. I've collected a premium the entire time? If the stock doesn't hit $44 and continues to go down (yes my value lowers, but if I only use this on all of my growth value stocks I won't miss on a lot). I just keep collecting the premium on the covered call. How do I lose money in this situation? Do I ever? I mean obviously if the stock drops and stays down forever I've lost money if I sold, but eventually the premium from the covered calls would cover? Thanks. Sorry if I explained it kinda whacky. I am new to selling puts and covered calls so take it easy. Obviously I'm not the first to ever use this strategy, just trying to weigh my risks in this situation. +I see a lot of people on this sub have had major windfalls in the last couple years. Standard guides to managing windfalls, like the Bogleheads wiki page, advise taking time to process before taking action and especially rash expenditures and telling people but only go so far. I'm curious how r/fatFIRE people with windfalls actually managed them. How much did you change your spending, how long did you take to do so, and what did you spend on? What did you get right or regret? +Every time i want to eat out and end up cooking at home instead I invest 25 into Bitcoin, that’s my way of investing without being hurt about potential losses. Not much initial but it’s adding up! +Hi, folks. I serve on a board for an organization that finds housing and employment for people with intellectual and developmental disabilities. We wish to establish a "subdivision" of affordable housing for them. We have a grant to purchase land but not the housing just yet. Are shipping container homes less expensive to build than tiny houses? Does anyone here work with shipping container homes? + +The people we serve just want reliable, safe homes and don't need frills like 2nd floors, decks, etc. Would anyone here know even just ballpark costs to ship and install a livable, no-frills shipping container home for these folks? Thanks in advance. + +Edit: Thank you to all. The replies here have been extremely helpful. You've really opened my eyes on these shipping container homes. They look a bit overhyped. +Hey guys, + +I’m 23 and currently using WS Trade to invest in CAD stocks due to the no-fee commission, but I’m not sure if I’ll see the same amount of growth long-term compared to if I invested in USD stocks as well? + +Some of my holdings include VGRO, AC, CNR, RIOCAN, etc. Is it ok to just stick to CAD stocks forever until retirement? +I'm no financial expert and I've been seeing a lot of post about Canada not raising interest rates unless US does it first. What does that mean exactly? How does it affect us? +I am 55 and want to retire bad. I have $1.5 million in a taxable investment account. Thinking about putting it all in JEPI and collecting the 8% annual dividend payout monthly and living on it. I might do a trailing stop loss of 20% to protect against a black swan event. + +I understand the first 25% of the dividend is taxed at qualified dividends and the remaining 75% taxed as ordinary income. + +Have really enjoyed reading this forum and greatly appreciate any and all feedback! +Okay. I was a bad boy. I yield chased. I know it was a bad idea. Lesson learned. +Now I'm sitting on a pretty hefty number of ZIM shares at a cost basis of about $31. +If you were in my shoes what would you do? Get out now? Hold? Wait and see what the dividend payout will be Q4? +What do you think? +**TLDR**: GameStop is flight-ready. The exit is closing. Multiple scenarios show that **closing positions will be an incredibly difficult** task. The keys to trigger the MOASS are right in front of us, VW and the 'sneeze' in Jan 2021 both shared **massive share and options buying.** I think this needs discussion, that the options buying could come from **The Gambling sub.** I believe "options are FUD" is FUD, created by short hedge funds to scare them away from the **power of market maker hedging aka an infinite loop of hedge funds buying shares.** When that sub decides to pile into a run, while coasting on the DRS wave, then all the puzzle pieces will be together. **Retails needs to use all its the items/abilities** to slam the door shut and **ignite the rocket.** + +If even one ape reading this gains a wrinkle and chooses to Buy, Hodl, and DRS, then I've been successful. + +[Hey SuperStonk! u\/Rockets2TheMoon here!](https://i.redd.it/qa402x0hu4191.gif) + +I recommend you start this DD by playing this song. It makes me bullish, maybe it'll make you too, [Youtube - Waiting All Night by Sikdope](https://youtu.be/nWAFe8oTVgQ) + +[Four 240mg energy drinks and a lot of water this time!](https://preview.redd.it/4d8uatkru4191.png?width=990&format=png&auto=webp&s=ec67b6359afd0d6eacd95936a180df847f23ba6e) + +If you haven't read my [The Shrinking Exit](https://www.reddit.com/r/Superstonk/comments/urmh05/the_shrinking_exit_gme_at_a_major_turning_point/) DD, please do, this topic will make more sense. However, I will recap some of it here. + +Public short interest is close to being overshadowed by GME DRS ownership. This will be a **major turning point**, as those who publicly shorting GME will be **outnumbered** by those who hodl through DRS. + +DRS is **shrinking** the **free float** (publicly tradable shares), shrinking the metaphorical door the hidden shorts must exit through. More apes with diamond hands are choosing to DRS which is slamming the door shut. + +[Raise your pirate flags, because I'm not leaving. Are you?](https://i.redd.it/56ku8c90v4191.gif) + +Currently, GME's short interest has been hidden through manipulation (ie. swaps). We don't know exactly how many there are, but we can calculate how much room they will have to exit. + +To understand what exit they have to close with, let's break down how the free float is calculated, why it's ridiculously tiny, and how ill-liquid the stock has become. + +Before we go anywhere, here is a lingo explanation graphic for new apes! + +https://preview.redd.it/4shfsyl3v4191.png?width=967&format=png&auto=webp&s=80b55a90e1d1cc7c89e98e9a33ca466f1a403414 + +&#x200B; + +https://preview.redd.it/hpno74f4v4191.png?width=1000&format=png&auto=webp&s=143770b268908c2abb624ad0255e5349b6e9b5fa + +Now that you're caught up. Let me explain the current Free Float by comparing GME with Apple. + +[GameStop vs Apple free float comparison.](https://preview.redd.it/uy8ns7b5v4191.png?width=1404&format=png&auto=webp&s=69a7cd4541b860171c4dfc6dc12fa2c32b13f3d5) + +# What does this mean? + +GME's is ridiculously free float is ridiculously small, as DRS continues to grow, in-turn the free float will continue to shrink. The shorts MUST close and this is their only exit. + +# GME's Current Free Float/Full Float + +* **76,339,024 outstanding shares** aka all shares in existence +* 76,339,024 - 13,232,080 insider shares = **63,106,944 non-restricted shares** +* 63,106,944 - 12,887,912 DIAMOND HANDED DRS shares = **50,219,032 shares in the "Full Float"** +* 50,219,032 - 28,413,271 shares from institutions, mutual funds, ETFs, etc = **21,805,761 shares in the "Free Float"** + * It's important to know that these institutions can and will paper-hand their shares early. However, the estimated 'Free Float' numbers here are probably the same numbers the shorts will be using. + +On paper, only 28.56% **of GME shares are publicly available to buy**. THIS THE THE MAX THE EXIT CAN BE! + +As in **71.43%** of the company is being held PUBLICLY! ON PAPER + +Everything else has been carved out. + +# Fun Fact: GME's insider ownership is 288x of Apple's + +* Hat's off to Ryan Cohen and the team for **owning and believing in their own company,** more than Apple's CEO, board, and executives believe in theirs. + +# GME's free float is MINUSCULE when compared to Apple. + +* Shares of Apple that are publicly tradable are **16 BILLION SHARES** or **99.94%** of all shares. +* Shares of GameStop calculated to be publicly tradable is **21 MILLION SHARES** or **16.84%** of all shares. + +This **doesn't** even include apes who are holding in **brokers** and **IRAs**! As each individual decides to DRS, they further shrink the public numbers of available shares. So by including non-DRS the publicly available shares must be significantly less than the infographic above. Now compared to Apple, GameStop's float has much less liquidity. This is the tide pulling back before the tsunami.