diff --git "a/reddit_finance_43_250k_166.txt" "b/reddit_finance_43_250k_166.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_166.txt" @@ -0,0 +1,10000 @@ +✅DeFi Casino: [play.slamtoken.com](https://play.slamtoken.com) + +✅Charts Website: [slamcharts.com](https://slamcharts.com) + +✅Swap Platform: [slamswap.com](https://slamswap.com) + +✅TechRate Audit + +✅CMC and Coingecko Listing + +✅More Than 11.000 Holders + +✅Renounce Ownership Transaction: +[https://bscscan.com/tx/0xcbae5f376f037e7dcaa68452a96f34958d8efdbd59f39dc4694a18e0ee3f9f87](https://bscscan.com/tx/0xcbae5f376f037e7dcaa68452a96f34958d8efdbd59f39dc4694a18e0ee3f9f87) + +✅1st Developer AMA: +[https://www.youtube.com/watch?v=Qurxua6VDmQQ](https://www.youtube.com/watch?v=Qurxua6VDmQQ) + +&#x200B; + +**What’s Lies Ahead?** + +⏳SlamVegas Launch (20th of June) + +⏳Charts App Launch (13th of June) + +⏳Exchange Listing + +⏳Bankroll Staking (After SlamVegas Launch) + +⏳Twitch, Youtube, and Tiktok Collabs + +&#x200B; + +**Contract**: 0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37 + +Buy it on Pancakeswap V1 (use V1 - old and 11% slippage): +[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37&inputCurrency=BNB) + + +[https://bscscan.com/token/0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37](https://bscscan.com/token/0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37) + +Website: [slamtoken.com](https://slamtoken.com) +Telegram: [https://t.me/SlamToken](https://t.me/SlamToken) +Discord: [https://discord.gg/B9frWsqXsq](https://discord.gg/B9frWsqXsq) +Maybe this has been posted before, but I was at rock bottom back in 2008, after graduating from Florida State, with a Finance degree. I could not find a job that works cover my living expenses, as well as my $56k in student loan debt. I was to the point of selling plasma, stealing copper to sell, etc. Then one day, it struck me. I could let my apartment go, sell my personal vehicle, and hit the road to make some cash. + +In 2009, I applied at all of the companies that offered training and took the first opportunity, as I knew I would not be there more than a year. I made $57k that first year and have increased my salary substantially year after year. This year I am on track to make $124k, and have made another $35k in the options market so far. + +Your cost of living can be as low as $100 a week, while making $2k depending on the lifestyle you choose. + +It is something to look into for you younger people that have no commitments at home. It really changed my life, even though, I still practice frugality. + +Edit: proof + +https://imgur.com/a/jvuUGfM +[https://twitter.com/batgrowth/status/1166228879444459521](https://twitter.com/batgrowth/status/1166228879444459521?s=20) + +&#x200B; + +wow! + +\------ tip me with Brave! :) ------- ⤵ +So I've been working on this project for about 2 months now, and I've learned quite a bit about how new listings behave, and how important the Binance Annoucement page is. + +My inital idea was to create a crypto trading bot in Python, that constantly checks if a new listing is added on Binance, essentially by checking the total number of coins at any given time. I tried out different variations on this, end even increased the speed to buy within 0.1 seconds on a new coin being listed. + +After looking at the results, and talking to some of you on here, it turns out that the spike in the price upon listing the coin is actually the peak of the iceberg. + +The real activity seems to happen once Binance Announces that they will list the coin, and not upon the listing itself. + +Have a look at the chart for FIDA/USDT below, and the time Binance made the announcement: + +[FIDAUSDT](https://preview.redd.it/q6bnt5noynu71.png?width=1536&format=png&auto=webp&s=4b370c7cf601c57bf2c5cf19ffb9df8c6730d117) + +https://preview.redd.it/689yka0rynu71.png?width=677&format=png&auto=webp&s=f70c90a371a9bddecf298ba6ec42837f8570485a + +&#x200B; + +Looks like people are fomoing hard into new coins on different exchanges in anticipation of a Binance pump, ironically creating the pump themselves. + +So with that in mind, I built a crypto trading algorithm that listens to the Binance announcement page, and once there is an announcement for a new coin listing, the bot extracts the symbol of that coin and places a Buy order on Gate .io. + +The tool will automatically place buy and sell orders and it has a trailing stop loss feature, meaning that it should sell at the optimum time, in theory. + +I chose gate .io because according to what I've seen and what some of you have said, this exchange seem to list many of the coins that later make it on Binance or other bigger exchanges. + +The tool is free to use for everyone, but I suggest running it in Test mode at first, as I still need to confirm that everything runs fine. Annoyingly, gate .io doesn't have a testnet which means I had to test the buy/sell logic by placing real trades - not ideal. + +But I've included a test mode for the tool itself, so it won't actually call the gate .io API, it will just simulate the trades locally. + +I'm currently waiting for new annoucements to test out the profitability and will report back. For anyone interested in the project or who may want to test this out themselves: + +**Here's a video overview of the tool and why it evolved to this:** [**https://youtu.be/SsSgD0v16Kg**](https://youtu.be/SsSgD0v16Kg) + +**A guide on how to install and run this on your machine:** [**https://www.cryptomaton.org/2021/10/17/a-binance-and-gate-io-crypto-trading-bot-for-new-coin-announcements/**](https://www.cryptomaton.org/2021/10/17/a-binance-and-gate-io-crypto-trading-bot-for-new-coin-announcements/) + +**And of course, the source code on GitHub:** [**https://github.com/CyberPunkMetalHead/gateio-crypto-trading-bot-binance-announcements-new-coins**](https://github.com/CyberPunkMetalHead/gateio-crypto-trading-bot-binance-announcements-new-coins) + +&#x200B; + +**If you wish to talk trading bots, join me here:** [https://discord.gg/Ga56KXUUNn](https://discord.gg/Ga56KXUUNn) + + + +&#x200B; + +PS: congrats on your gains to all hodlers today :) +**ZACKS** + +**TLDR** + +&#x200B; + +* They make a ton of recommendations. Many products underperform the market +* Their annual Top 10 list did great in 2021 but not 2022, but you pay for it at $3600 per year. You can get a base subscription for $249/yr for just the stock screeners which is reasonable, though many are baked into Fidelity’s platform for free. +* Their stock screeners are great for finding stocks, especially the VGM and Zacks Rank #1 screener. But to do it right, you need to spend 5hrs a week on it seeing what’s new. + +Zacks offers a couple dozen different lines of stock picking services plus a few dozen different stock screens. It’s quite overwhelming actually, but also a bit addictive to pour through them to find some good stocks. I found most of their services don’t outperform the market or have so many stocks in them it would be a full-time job to buy and manage them. + +For most of the screeners, the time it takes to vet them and look at each of the 50 plus stocks in each is too much of a time commitment, but looking at the first few in the list gives some ideas of what is working.I started just looking at the recent additions to see if there were secular trends and that helped. + +I tried out some of their healthcare picks with mild success: I was going to share the names but the bots on here blocked them because they are under 300M market cap. One was bought out for 40% over purchase price. One went up 6X. Two fizzled down -70%. If you want the names DM me. + +I did OK using the value, growth, and momentum stock screener but I really had to spend a lot of time separating out the good ones and figuring out what was recently added, which they don’t tell you. If you get them too late, the move has already occurred and you will likely see the stock correct quickly. + +A few gems I traded from their list around March of 2021 included SEM (health clinics), DAC (container shipping), BERY (financial), and MT (steel). My target was +100% for each and I made that within a year of buying for each. I bought options. HOLX was an exception. I lost -15% on that pick, though it was mostly due to the fact it soared high from COVID revenues and then sold off quickly as the vaccines rolled out. It’s since back to slightly above the purchase price. + +**Zacks Top 10 Stocks of 2021 -** their premium offering and associated returns. I did not buy all of these - only SPSC and PWR. But I did track them all in a watchlist. + +&#x200B; + +* **Percent Winner Rate: 90%** +* **Avg return: 48%** +* **SPY Return: 30%** + +AIMC (transmissions) 2021Return: -6%Return To date: - 23% + +SPSC (supply chain mgmt solutions)2021 Return: +31%Return to Date: +15% + +APTV (vehicle parts)2021 Return: +28%Return to Date: -15% + +PWR (energy generation consulting services)2021 Return: +64%Return to Date: +107% + +IAA (online vehicle sales)2021 Return: +46%Return to Date: -41% + +WSC (storage units)2021 Return: +72%Return to Date: +84% + +Macy’s (clothing retailer)2021 Return: +144%Return to Date: +76% + +GDDY (domain registration)2021 Return: +3%Return to Date: 0% + +ZBRA (tech, sensors)2021 Return: +54%Return to Date: -7% + +ULTA (beauty stores)2021 Return: +46%Return to Date: +38% + +**For 2022’s top 10 stocks,** the advice has not been quite so good, but the year isn’t over yet. I didn’t buy any this year because I was short on the market, but I have been tracking the performance to see if they can match what they did last year. So far, not so good. + +&#x200B; + +* **Percent Up Since Rec: 20%** +* **Avg Return of Rec: -8.8%** +* **SPY Return: -10.3% as of time I drafted** + +&#x200B; + +**2. LEVELFIELDS** + +**TLDR**: + +&#x200B; + +* Event-driven alerts work and I like that the success rate is visible on the website +* There are a lot of alerts you can subscribe to, so it’s best to choose one of their lower volume, higher performing strategies to avoid opportunity overload +* It’s good at finding high shorter term returns with high success rates +* For the biggest companies (AAPL, TSLA, etc), my news alerts arrived faster. For those under 100B market cap, it's very helpful. +* Price is 228/yr but their emails of a big update seem to be hinting a hike is coming soon + +**Winning Percent: 79%** + +**Avg Return/Trade: 23%** + +I’ve been using an event-driven research system called LevelFields for about a year now. It was a little rough around the edges in the early days but has gotten much better over time. It’s good at identifying news events early that drive stock prices up and down, often from direct announcements from companies. It shows stock patterns following events, which is cool, especially for the negative events so you can see how far the stock will probably fall. + +They effectively filter the noise out of the news and just focus on a couple dozen event types that really shake stock prices: hedge fund investor moves, layoffs, shorts, FDA approvals, leadership changes, Amazon new product launches, and a couple dozen other types. Unlike the technical pattern alert systems out there I’ve seen, it focuses on real news, which I like, as I feel pattern trading is often a lot like staring at clouds and making shapes out of them in your mind. + +For the big companies everyone watches, they don’t beat news alerts. But for the bulk of the companies you’ve never heard of or have forgotten about, it flags a lot of opportunities and companies on the rise. + +Most of the time I trade with the information. Sometimes I use it to find stocks for longer term plays. Like Zacks, they put out a lot of opportunities so any analysis here is going to be biased by what I’m choosing to act on. But they publish the success rate and show all past alerts so the past performance is embedded in the platform under each strategy, which is nice. + +The winning rates for their strategies range from a high of 90% to a low of 50%, with most in the 70% range. You can alter the outcomes by adjusting the filters for the types of stocks. I don’t like to buy commodities and microcaps generally, as the prices fluctuate too much on factors beyond the company’s control, so I filter those out. + +Lately, I’ve been trading on their layoffs scenario, which tracks companies firing people. If you filter for just expensive stocks that are firing people to grow earnings, you can get to 80% accuracy in price prediction. I’ve noticed some events cause the share prices to pop right away, so I often wait for the first selloff before entering the trade. + +**Here are the alerts I opted to act on and how they turned out**. I’m noting hold times since it’s not a buy and hold forever system though I supposed you could for some stocks. + +10.21.21 - Qualcomm. Return: stock rose +50% in 1 month. Traded options for +300% gain.11.11.21 - Northern Gas (NOG). Return: +45%. I held for 5 months.12.9.21 - CVS. return: +60% in 1 month (options)11.18.21 - BLDR. Return: +67% in 4 days (options)12.04.21 Signature Bank SBNY. Return: +16% in 1 month. I then traded a couple more times on it as it was doing well until the Crypto crash. It holds a lot of staked Bitcoin. + +12.6.21 Silicon Motion (SIMO). +25% in 2 months. Still like this semi and will buy back. They do memory chips and had been killing it. It was hard to find a cheap semi at one point but this one always traded at a reasonable p/e. + +12.9.21 Labcorp (LH): +8% in 1 month but I held it too long and exited down -10% due to covid rates dwindling and testing volumes decreasing + +12.15.21 - Broadcom (AVGO). Return: 0% Sold off when war started.2.3.22 - Quest (DGX). Return: +50% in 1 month via option trade2.15.22 - Upstart (UPST): Return: +30% on options in 1 week. I had owned this stock already and was trading it off and on for about a year.. + +2.17.22 Blocked by mod bots from showing: +50% in 2 days2.24.22 - ALSN (Allison Transmission ). Return: +8% in 1 month3.11.22 - Applied Materials (AMAT). Return: +4% in a week.3.17.22 - Lockheed Martin (LMT): Return: +70% in 3 weeks (option trade on news Germany was buying planes) + +3.17.22 - CMC Steel. Return: +10% in 1 month + +3.31.22 - LGVN. Return: +20% in 1 day.5.9.22 - TWTR. Return +100% on puts in 1 mo. This was the “Elon will back out” trade a big hedge fund was betting on, so I joined them. A short would’ve worked too. + +5.24.22 - Digital Ocean (DOCN): Returns TBD. Up 8% on equity but I’m selling covered calls for an extra 20% annually. I really like this company. It’s like a mini AWS that is more cost effective for small businesses. + +6.15.22 - Space company. +50% in two days + +6.24.22 - Digital Turbine (APPS). +31% in 2 months. I think this was mostly luck given the timing of the bear market rally. + +6.28.22 - Alibaba (BABA). -30% on options in 3 weeks. Can’t seem to get a break on BABA. + +7.14.22 - Pinterest (PINS). +30% on hedge fund moves + +7.27.22 - Mining company. return: -10% on option puts. Still puzzled why the stock is up. + +7.28.22 +4% and holding. They are one of the only medicines for monkeypox.8.12.22 - Peloton (PTON). +10% in a day on its layoff news + +8.15.22 -3%. It makes solar cells in China and is growing revenues by triple digits. + +&#x200B; + +**3. THE FOOL** + +I resisted trying out the Fool for years because they wrote so many articles and ads touting their stock picks that I assumed they had to be full of it. But, when I had enough money in the account, I decided to try it out and see if they maybe could save me some time finding stocks early or if they were the cause of certain pump and dumps I was watching. + +**TLDR**: + +&#x200B; + +* They pick good, overvalued growth stocks but they don’t try to time the market at all because they want 5 year hold times, which can lead to big drawdowns while you wait +* I would’ve lost a fortune had I taken much of their advice. However, if you have a decade long time horizon and can stomach 75% pullbacks, the stocks they recommend will probably come out ahead +* They repurpose recommendations from different subscription tiers, often using lower tier recs to increase the returns of higher level subscriptions +* They make a lot of recommendations. It’s time consuming to keep up. +* Big range of prices from $100/yr to $5,000/yr and they upsell a lot + +They had a lot of subscription options to choose from that range from a hundred bucks or so a year to $5K per year. I signed up for a few of them, including their stock advisor, IPO one, and cloud innovators and small caps service. I should note that the lists they provide overlap enormously, so they clearly repurpose their recommendations and charge you more to get the same recs again and again. + +For the cloud services recommendations, I found they generally picked out solid growth companies (DOCN, DOCU, ESTC,etc) but too late, after the stocks were already richly valued. So I traded them instead of buying them. Below are the email recommendations they sent out I saved. + +**12/17/21 Buy Recommendations W/Subsequent Performance Since Then** + +Intel (INTC): -29% + +JFrog (FROG): -17% + +Procore (PCOR): -18% + +**12/14/21 Recommendations W/Subsequent Performance Since Then** + +Sell Cloudflare (NET). Return since: -41% + +Buy Autodesk (ADSK). Return since: -11.5% + +Buy Crowdstrike (CRWD). Return since: +1.12% + +Buy Docusign (DOCU). Return since: -52% + +Buy Ncino (NCNO). Return since: -35% + +Buy Twilio (TWLO). Return since:-66% + +Buy Zoom (ZM). Return since: -40% + +**I Tracked Every investment from their Small Caps Playbook List from January 2021. Here are their returns since then.** + +&#x200B; + +* **Percent Winners: 33%** +* **Avg return per rec: -25%** + +&#x200B; + +1. Redacted by mods -88% +2. Redacted by mods: +7% +3. Camping World (CWH): +20% +4. Flugenics (FLGT): 0% +5. Ad company (blocked by mods): -68% +6. Inspire Medical Systems: +14% +7. Blocked by mods: -34% +8. NCino: -48% +9. Blocked by mods: 0% + +I kept emails of other recommendations, though I admit this list is not complete since they only sent emails containing the rec half the time. The rest of the time they send you to their website to watch a 30-minute webinar of their picks in the middle of the work day, which was strange to me and defeated my purpose of saving time digging through stock screeners. I tracked from the next day’s opening price. + +**StockAdvisor** + +2.3.22 Buy ABNB. Return Since: -17% + +1.6.22 Buy Confluent CFLT: Return since: -59% + +12.20.21 Sell Healthequity. Return since: +38% + +12.20.21 Sell Biotech company (blocked by mods). Return since: -69% + +12.20.21 Sell Grand Canyon Education. Return since: +1% + +12.20.21 Sell Markel. Return since: +3.34% + +12.20.21 Sell Ollie’s. Return since: +41% + +12.16.21 Buy ROKU: Return since: -72% + +12.2.21 Buy DOCN: Return since: -48% + +10.7.21 Buy SHOP. Return Since: -70% + +10.7.21 BUY DOCN: Return since: -42% + +9.23.21 Buy UPST. Return since: -90% + +**IPO Trailblazer:** + +1.31.22 Buy Digital Ocean (DOCN). Return since: -20% + +1.31.22 Buy Confluent (CFLT). Return since: -51% + +1.31.22 Buy Roblox (RBLX). Return since: -25% + +1.31.22 Buy Docebo (DCBO). Return since: -36% + +&#x200B; + +**4. INVESTORS PLACE** + +**TLDR:** + +&#x200B; + +* Mostly recommend long-term, long shot stocks +* Best recommendations are free. Most paid recommendations are mediocre at best +* News is wrong sometimes +* They are good at spotting long-term trends in where the new money is flowing to, e.g. thematic investing (online gambling, EVs, rare minerals, etc). I derived value from seeing companies linked to these trends I may not have heard of otherwise. + +They make an obscene amount of recommendations across their blog and have many subsidiary newsletter services and promotional picks, so my tracking here is admittedly biased, as I only tracked what I ended up buying. Like Fool, they have a very long investing horizon and may end up being right…years from now. They make recommendations based on thematic trends, e.g. EVs, cybersecurity, etc. However, they also push recommendations based on events or news. + +I signed up for Matt McCall’s Investment Opportunities and followed their website recommendations. The newsletter divided up stock recommendations along long-term thematic investing trends like AI, 5G, EVs, online gambling, precious metals, crypto, data analytics, etc). + +Their basic principal is long-term investing along big emerging trends. There were about 50 stocks or so in the portfolio at any given time, but since they do long-term investing, many had been in there for years and they offered no advice on how to enter a trade they had entered 4 years ago. So I never did. + +Here are the ones they recommended as buys that I actually bought: + +**Pct of Recommendations Up: 27%** + +**AVG Return**: Not able to calculate this since I didn’t take advice to hold long term for most + +EV Maker. Return: -100% + +I purchased some call options in this EV company (name blocked by mods) because they made an announcement the company was a shoe-in to get an $8B EV supplier contract with the U.S. Postal Service. They claimed there were no other competitors that made EVs and therefore this would be a game changer for the company. I didn’t do my own due diligence, stupidly. A few weeks later, the award went to Oshkash, a defense contractor most known for making military vehicles. Oshkash[ partnered](https://www.caranddriver.com/news/a36826291/ford-supplier-usps-postal-truck/) with Ford on the contract to make the EVs. I lost 100% of my call options on this poorly sourced news piece. + +7.15.21. Buy SWBI. Smith and Wesson: -40% since then. I sold it when there was a pop for breakeven returns after a shooting, which triggered an increase in price, sadly. + +1.4.21 Buy Chinese Pharma. Return: -48% + +The return here has not been good as of late but it was up and I’m holding anyway as this company is the gatekeeper for a lot of large Pharmaceutical companies (Novartis, AstraZeneca, Amgen) to get into the Chinese market. In my view, it was a good recommendation and was largely up until recently. + +1.21.21. BUY (Block by mod bots): Return: +100% or 0% Correctly predicted the stock would double. It did, then gave up 100% of its gains. Glad I sold it when it doubled. + +1.22.21 Buy ad company (blocked by mods). Return: -76%. My stop loss triggered at -12%. + +2.1.21 Blocked by mod bots (rare earth minerals company). Return: +32% This was a good pick. I actually bought on the rec and made about 50% from trading options and selling covered calls. I would not have known about this stock without them. I plan to buy it back at 25. They are one of the few providers of the rare earth minerals in every electronic outside of China. + +2.4.21 Buy ACAD - Acadia Pharmaceuticals. Return: -71%. Their report cited 30% revenue growth and a robust pipeline of drugs. Revenue is around 17% growth now. At one point it had doubled in value. I’m still holding. My lesson learned: trade biotechs, don’t hold them. + +2.5.21 Buy REDACTED BY MODS. Return: -60% + +Straight downhill since the recommendation. Touted as a cutting edge AI/Machine learning data analytics company I bought 100 shares. Revenues are up 50% y/y but I sold it in February 2022 for a -20% loss. + +2.10.21 Buy rare earth minerals company. Return: +69% + +Another good pick in a sector I knew nothing about prior to their recommendation. I have since sold it but was up +60% when I closed out. I will buy it again at some point when commodity prices have cooled. + +Feb 2021 Buy ILMN (Illumina - genetics company). Return since: -49% They pushed this stock hard and it tanked after each[ recommendation](https://investorplace.com/2021/08/ilmn-stock-will-be-unstoppable-once-the-grail-acquisition-gets-approved/), which made me believe it was a pump and dump job. I traded options on this one and cut losses -28%. + +2.19.21. Buy (blocked by mod bots) Return: -94% Thankfully stop lossed this one at -7%. + +Feb 26 2021 Buy FTCH (Farfetch 2nd hand clothing): Return: -85% I traded options on this one, using their[ recommendation](https://investorplace.com/hypergrowthinvesting/2021/02/farfetch-stock-buy-the-dip-in-ftch/) as the pump I dumped and made 20%. + +2.5.21. Buy (Blocked by mod bots). Return: -72%. Still holding. They offer sports gambling online and were growing revenues 75% y/ but it’s slowed to 16% growth. + +2.10.21 Buy online gambling co (blocked by mods). Return: -15%. Bought this one as the online gambling is doing well. We shall see. + +12.17.21 Buy NIO. Return since: -55%. I traded a few options on it but generally think EVs are overvalued and risky given the huge capital expenditures and exposure to macroeconomic issues. I ended up a few percent as I sold after an initial bump. + +Source/Credit: + +[https://www.reddit.com/user/Swingtrader79/comments/wxcpxt/i\_tried\_4\_paid\_stock\_picking\_services\_heres\_how/](https://www.reddit.com/user/Swingtrader79/comments/wxcpxt/i_tried_4_paid_stock_picking_services_heres_how/) + +Note: Wrote this a few weeks week ago and much of the recs I couldn't put in because of the mods banning discussion of them, so omitted them + +&#x200B; + +**Full Summary TLDR** + +zacks: entry price is worth it. would not recommend higher-level services at 3600/yr + +LevelFields: worth it for most investors. especially good for trading/big returns. + +fool: no, better to buy QQQ + +IP: no + +Tried to be objective about it and lay out the pros/cons as I think different-level investors and those with different budgets might feel differently, but my take is the above +I have been investing for about a year and have been focusing on dividend stocks and etfs for the better part of the last 8 months since reading the intelligent investor. So far my best performer has been SPYD s$p 500 high dividend etf and was just curious what everyone else thinks of this ticker and if there are other well paying index dividend etfs that people like. +Hi all, I am an 18 year old, capable male still living with my mom and currently I am working towards a Level 3 Business Administration NVQ as an Apprentice, I have about 400 days left until I get my qualification. Along with this, as usual with an apprenticeship you'd be employed earning apprenticeship wage, which here is about £4.15 an hour. Although because of the Coronavirus pandemic I am currently not even employed and as such not earning any income and will not be for the foreseeable future. Because of this unemployment, I am unable to complete a lot of the work being given to me and chances are high my apprenticeship will be put on a freeze until I can get some kind of work, which is also unlikely anytime soon. I should also note the only other qualifications I have are my GCSE's which were all-around C's and B's. + +On a higher note, I have been offered a full-time job to work in the local railway through a family relative, which pays around £29,000 annually, netting me enough money to finally begin saving for driving lessons, a car in and of itself, any other essentials I may need and finally to move out and get my own place. I feel as if it may be better for me to take this job, work, work and work, save, save and save, get a car, move out, be financially stable and Then go back to college for a qualification. + +What do you think? Thanks in advance. +The mods deleted a post that I found pretty interesting about how to invest above $10M. I would be curious to hear how people have changed their investment strategies as they passed $10M. Did you keep doing the same things, just at scale, or did you bring on riskier diversification options, etc? +&#x200B; + +I recently found that the next step for the GMERICA trademark is in the process. See my post [here](https://www.reddit.com/r/Superstonk/comments/uxmmey/gmerica_trademark_updated_today_progress_being/) + +There were lots of questions about what this means etc. This led me to look into things a bit more and see what I could find. + +I realized that GMERICA isn't just registered with the US! As you can see its currently pending in Canada as well : + +[source](https://tsdr.uspto.gov/caseviewer/assignments?caseId=90897211&docIndex=0&searchprefix=sn#docIndex=0) + +https://preview.redd.it/imwbg7tu5o191.png?width=889&format=png&auto=webp&s=ce5e1dccdd2449f6530698a8296581aae3732ddc + +&#x200B; + +This got me thinking, "Shit well I haven't even bothered to see what their trademark process was like". + +BTW their site is better looking : + +[source](https://www.ic.gc.ca/app/opic-cipo/trdmrks/srch/viewTrademark?id=2128837&lang=eng&tab=reg&posNum=1&search=%7B%22selectField1%22%3A%22all%22%2C%22textField1%22%3A%22gmerica%22%2C%22category%22%3A%22%22%2C%22type%22%3A%22%22%2C%22status%22%3A%22%22%2C%22viennaField%22%3A%5B%5D%2C%22searchDates%22%3A%5B%5D%2C%22selectMaxDoc%22%3A%22500%22%2C%22language%22%3A%22eng%22%7D&length=25&start=0) + +https://preview.redd.it/jzb7hl746o191.png?width=1513&format=png&auto=webp&s=c26acab7c0c6640155ee44b9574522004faee842 + +&#x200B; + +&#x200B; + +So it looks like they may be a little behind the US in getting this trademark to the next step...BUT WAIT + +On May 3, 2022 Canada implemented a way to fast track stuff to quicken the process for things: + +[source](https://onpractice.law.com/4050095/expediting-examination-pre-assessment-letters?slreturn=2022-05-25T18:45:27+00:00) + +https://preview.redd.it/9bnhuv9m6o191.png?width=1046&format=png&auto=webp&s=70a2f3738375491ade6dcf1903773f7375626f20 + +&#x200B; + +https://preview.redd.it/un8vmkvw6o191.png?width=1094&format=png&auto=webp&s=c5a0529dadf02cc49be40112f1d452cc3528e655 + +So if you send this letter addressing any misclassification issues it will quicken the process for the Trademark to get registered. + +WELL LOOK WHAT GAMESTOP SUBMITTED ON MAY 13th + +[Source- at the bottom](https://www.ic.gc.ca/app/opic-cipo/trdmrks/srch/viewTrademark?id=2128837&lang=eng&tab=reg&posNum=1&search=%7B%22selectField1%22%3A%22all%22%2C%22textField1%22%3A%22gmerica%22%2C%22category%22%3A%22%22%2C%22type%22%3A%22%22%2C%22status%22%3A%22%22%2C%22viennaField%22%3A%5B%5D%2C%22searchDates%22%3A%5B%5D%2C%22selectMaxDoc%22%3A%22500%22%2C%22language%22%3A%22eng%22%7D&length=25&start=0) + +https://preview.redd.it/7j9zm3647o191.png?width=1468&format=png&auto=webp&s=15e66c5fbe87d52e7701af3b3f4b671bf36aa05d + +&#x200B; + +So if you look at the first image (and its the same for the US trademark) Gmerica is listed as selling goods and services with toys and clothes and shit. Well now they are saying "Actually no its not that, were going to retire that so you can quicken the process and approve this shit" + +&#x200B; + +**TLDR: So GMERICA is not about any goods or services such as clothing, toys etc. SO WHAT THE FUCK IS IT? They seem pretty adamant on this trademark getting processed and in a timely manner.** +Hello everyone. + +I am a young college student in Spain, right now I'm working on the weekends and I have an extra 100 euros/month that I would like to put to work. + +I want to invest in the long term, but I'm a rookie in this topic. My bank is BBVA and they don't have options to invest in every market. I read that index funds such as SP500 are some of the best options for long term investments. What do you recommend for me? What should I use to invest through? Do I get dividends each year if I invest in a fund? + +&#x200B; + +Thank you for your time! +[Original post](https://www.reddit.com/r/UKPersonalFinance/comments/oxo73d/i_just_won_20k_is_there_any_meaningful_investment/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Wow. I didn’t quite expect it to blow up as much as it did. I feel that I actually have a lot more understanding about finance than I did this morning. If anything I feel like I should have probably made this post before I spent on unnecessary frivolous gifts for my mum. However we’ve had the most horrific year losing my Nan and I only have my mum and my grandad so it’s lovely to spoil her. + +After thinking hard paying for her sky bill seems like a bit OTT. I think I may just give her £500 towards the £780 medical fees for a nutritional therapist. (She absolutely needs). And leave it at that. + +For those shutting down my idea of a hair transplant are either people will a full head of hair or people completely unbothered by personal appearance. Im 26 and have wanted a hair transplant for nearly 5 years, now I can afford 4 of them will get one. It will improve my self esteem and quality of life drastically. That in itself is a really well placed investment in my opinion. I understand coming to a forum where talking about investments that don’t yield a financial return might seem alien to some people. + + +I’m going to keep about £8000 and just sit on it for a bit till I can decide what to do with it. No rush! I’m going to work on quitting gambling I always thought after I won big I could quit straight away but as the win came in increments of £5000 a few times knowing that gambling was the reason for my short term financial success it’s hard to stop knowing I could win all that again. + + +Some people have been extremely helpful and thoughtful with their advice and for those people I thank you immensely. Regardless if the advice works for me or not. + +And some of you are just horrible and bitter and I may suggest looking at why you’re so miserable and fixing that before hating on somebody who is trying to figure things out. + +Love x +I've seen a lot of negativity today about the lack of gains today and the big dip yesterday. GME was at $48 on 2/24, it's now around $260. As much as we would love to see it, we're not gonna see gains of 30-40% every day. It's costing the hedgies millions each day in short interest, all we've gotta do to keep fucking them is to keep holding. 3/12 calls that are ITM will be exercised tomorrow, just have patience. Eat some crayons, sniff some glue, jerk off while watching your wife get fucked by her BF, just make sure you HODL +The price is fake, and it always has been. Our persistence has exceeded what hedgefunds likely anticipated, though this past month is the greatest test to the patience of GME holders. Hedgefunds have two options: + +* Drive GameStop to the point of bankruptcy. + +Well they've BEEN trying that, and I feel they are trying to do the impossible given the dream-team formation of Ryan Cohen, Matt Furlong, and the rest of the experienced executives that left their LONG-TERM JOBS OF Amazon, Apple, and more. What do you think Ryan Cohen could've said to them to convince them? Whatever it was, it must've been fucking striking, as the upper-position staff is compensated in shares. Do you think they give a fuck that the stock is dropping? They likely would've quit already if they cared. Even *they* know the price is fake. + + +The second option: + + +* Truly close their short positions. + + +Though it is very difficult to accurately provide a numerical value behind the YEARS of manipulation on GameStop and its friends tied up its basket, it has been theorized that it would take big money to settle it for good. The problem is that this amount (likely costing multiple billions of dollars) would likely require a bailout of sorts from the US government to avoid wide-spread default/insolvencies of big banks. Could be today, next month, next year, next decade, it just depends on their overall financial stability which would likely be offset by continuing to kick the can down the road. + + +The second possibility has the greatest chance of coming to fruition if we continue to buy, hold, and DRS shares of a company that is staffing people who: + + +>**Roles and responsibilities** +> +>· Build apps for iOS, Android +> +>· Work with **bleeding edge blockchain technology**  +> +>· ... +> +>· Deliver **innovative and highly scalable customer-facing** mobile products and features, used by **millions of GameStop customers.** +> +>... +> +>· Thrive in an ambiguous environment, be resourceful, and make tradeoffs to **deliver customer impact.** +> +>· Exhibit a **bias for action**, constantly looking for ways to **improve the customer experience.** + +&#x200B; + +*Taken from:* + + [*https://careers.gamestop.com/us/en/job/Req-133898/IOS-Engineer-Blockchain-Team-US-Fully-Remote*](https://careers.gamestop.com/us/en/job/Req-133898/IOS-Engineer-Blockchain-Team-US-Fully-Remote)*!* + +*(Automod pls dont kill me)* + + +The position details then mention: + + +>**You will love it because** +> +>· You will build and share products that are **making an impact on the world** +> +>· You will collaborate with **other brilliant minds** +> +>**· You will be rewarded and recognized for your high-caliber work** + +Which, to me, highlights all you need to know: + + +# "You will be rewarded and recognized for your high-caliber work" + + +This extends to us shareholders, as it is not easy to filter through the MSM and decipher fact from fiction. It's not initially easy to hold when the price goes down, though it appears that shareholder confidence has increased as people are becoming more informed of the bullshit market we have in front of us. + + +This is not easy. This is work. And we will be rewarded for it. + + + +Godspeed 🚀 +Alright so I made a post earlier about [missing shares for my proxy vote](https://www.reddit.com/r/Superstonk/comments/uengd4/check_your_share_count_when_voting_fidelity_cant/?utm_source=share&utm_medium=web2x&context=3). + +After being dropped from the chat, and waiting on the phone for 50 minutes for clarification, the rep that was working on this offered to call me back in 20-30 minutes with an answer as to why, if I didnt have any margin debit, and I'm not part of the share lending program, I was missing 67 shares for GME. + +&#x200B; + +Fast forward 6 hours and here's what I got. Sus as fuck. + + +The guy said he checked with three internal departments. The margin department, the share lending department and the proxy department. He said that although the margin and share lending departments "confirmed" those share were not lent, the proxy department has those marked as lent. + +Naturally my next question was - well... How does the proxy department determine that and how can that be incorrect when compared to other internal departments/books? Although the rep was helpful, he didnt have an answer and just said "thats what I'm trying to understand as well" telling me that theres an investigation and a case (provided the case number). He said he should have some answers in a few days, and that's were we left it. + + +Here's my theory, I'd like to hear yours. Maybe theyre just fucking cooking the books and they made sure their margin and share lending departments were wiping that shit off the books since I havent incurred any margin debit, but they fucked up and forgot to take care of the proxy books, since that's more of an unusual thing that only needs to be QC'd more infrequently? i dont fucking know. Realistically not voting 67 shares is inconsequential relative to the float. What's pissing me off is how they are doing sketchy shit and can't explain it. This is just what I needed to transfer over my remaining shares to computershare I guess... +I plan to open up a portfolio with M1 in March when I turn 18. I will have about $3000 saved up that I plan to invest. I have a portfolio of ETFs compiled that I plan to DRIP. + +My question is: lump sum or auto-invest at a specified rate? + +If the latter, how much, and how often? + +Thanks in advance! + +Edit: For those suggesting DCA, can you please give a brief description or link a good resource? +Why would GameStop break news of their NFT marketplace the way they did? Why not simply use their amazing SMRT to post the call for NFT creators to the official GameStop Twitter, like FB did with Meta (lul)? + +&#x200B; + +[Show the competitors how it's done GameStop!](https://preview.redd.it/677srmtt8u881.png?width=609&format=png&auto=webp&s=0ced7ce88cc7350868ed1ddabfdd40977d7a2380) + +&#x200B; + +[Zuck's stuck with posting to social. No word-of-mouth swag at all.](https://preview.redd.it/584hfjfz8u881.png?width=449&format=png&auto=webp&s=ea26971a315c32271086718160d479e7f83feb45) + +It’s simple: GameStop leveraged the fact that investors and others in the NFT space would share the call for creators themselves. And it’s spread like crazy in a ridiculously short amount of time. + +In marketing, word-of-mouth marketing (WOMM) is hands down *the* most effective (and inexpensive becuse it's free!) way into the mind of consumers. Hearing about a product or service from a friend or family member will do more to persuade people to take action than any call-to-action button, ad spend, or social media post ever will. + +Some stats about WOMM effectiveness: + +>23% of people talk about their favorite products with friends and family every day.  +> +>Furthermore, 78% of people rave about their favorite recent experiences to people they know at least once per week.  +> +>90% of people are much more likely to trust a recommended brand (even from strangers).  +> +>88% of people had the highest level of trust in a brand when a friend or family member recommended it.  +> +>Out of the top five popular ways to recommend a business, word-of-mouth comes first, followed by Facebook, Google, and Twitter.  +> +>26% of people will completely avoid a brand if their friend or family tells a negative story about their experience.  +> +>21% of people will lose trust in a brand, whether they’ve been a customer or not, because of bad word-of-mouth.  +> +>[Source](https://www.semrush.com/blog/word-of-mouth-stats/) + +Additionally, it absolves GameStop from revealing their development, and protects them from attacks from MSM and competitors. We saw how flatly the nonsensical 🍿 partnership article fell. It was baseless conjecture and was received as such. Social media and MSM did their best to keep radio silence on the NFT Marketplace. + +**Unfortunately for them, GameStop supporters took to direct messaging and phone calls to spread the news to our friends, family, and even strangers who are into NFTs.** + +I know their are those of us on both sides of the “it was an announcement/it wasn’t an announcement” argument. The reality is, it was both. A masterfully executed “leak” of their NFT marketplace project. Think critically for a moment, and you’ll realize their was no need to add the words “GameStop NFT Marketplace” on the site. They could’ve just as easily stopped at “NFT creators.” + +We are the best shareholders in the world (GameStop’s words). They knew we would do the rest for them and love every second of it. And they didn’t have to spend a dime of marketing. Very SMRT. + +Understand this. Not many brands can muster this magnitude of word-of-mouth marketing. In general, luxury brands and premium brands do it best (Lamborgini, Supreme, and Tesla come to mind). I'd venture to say GameStop knows they have the \*crème de la crème\* fans that other brands can only dream of obtaining. + +Be proud. +[https://www.marketwatch.com/story/china-to-slash-tariffs-on-us-auto-imports-to-15-2018-12-11?link=sfmw\_tw](https://www.marketwatch.com/story/china-to-slash-tariffs-on-us-auto-imports-to-15-2018-12-11?link=sfmw_tw) +I’m looking to sell my first CSP tomorrow on CRSR but was also considering selling CCs on some shares that I own for extra income opportunity (which would consider of me opening multiple positions). I work a 12-13 hour shift desk job that takes a lot of focus during the day. Do you ever feel like it’s overwhelming to manage and monitor multiple positions when you work day job? Am I better off starting with one position and seeing how I manage? +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. +I finally got a job which means that it is no longer just my partner supporting both of us. I earn about 40% more than my SO, and while he suggests that we split rent, bills, taxes etc 50-50, I don't really know if that's the fairest given how I will be earning more.  + + +We've decided to have pots for monthly recurring costs like rent and bills, slightly variable costs like groceries and other household stuff, a common saving pot for say a car or a house, and our personal savings. However, I am still not sure how we split what each of us contribute. + +So couples of reddit who live with their SO, what is your advice? How do you do it?  +I trade USD stock, so I have avoided Wealthsimple trade... +But does anyone have any alternatives for stock trading that doesn’t suck as bad as RBC does? Or is this simply what we have to live with in Canada? + +At 9.99 a trade you would think they could afford servers and quality devs +People here turn completely brain dead during every bull run. Usually there is a strong consensus here on taking loans for buying bitcoin: **ARE YOU A FUCKING IDIOT?** But during the bull runs, you'll have a whole army of noobs trying to turn a Warren buffet on you saying shit like "wHy sHouLdnT I tAkE A LoAN nUmBeR oNlY gO UP!" + +Remember people. We are not /r/wsb. We are not retards, we don't celebrate loss porn. Bitcoin is about financial freedom and debt is the fucking opposite of that. If you're stupid enough to buy the most volatile asset in the universe on leverage (which is what borrowing money is) you seriously need some help. We don't need you here, we don't need you to encourage others to follow your stupidity. + +Please everyone, educate the noobs and tell them not to play with fire. Bitcoin is an almost safe bet, if your time horizon is very long. If you spend what you CAN'T afford to lose, you're gambling and you'll probably be REKT soon anyway. + +/rant +It looks like $150k is the new $100k and has been for the past couple of years. Most government pay bands top off at $150k and to go any higher, you would need to be a manager. Most private jobs as well seem to top off at $150k unless you are in a highly competitive field. + +So my question is, how did you break that barrier and what did it take? +Saving where I could, while still giving my son a life he deserves, side jobs, overtime…today I paid off my credit cards, and after work I’m going to make the last payment on my truck. I’m breathing on my own this morning and I’ve been dropping serious man tears. Just keep your head up. + Front-loading the question, why should an emergency fund be liquid? Even in an emergency I won't need it immediately. I have funds invested in stock and bond mutual funds, available in a few days. What's wrong with that? + +Longer story: + +I'm near retirement age. I have an IRA and a brokerage account, both invested in a mix of stock and bond mutual funds. I don't have an emergency fund. In an emergency I'll make a brokerage trade and have cash in a day or two. + +Five years ago I went over my finances with an investment adviser. He helped me with some investment choices but my accounts are self-directed, no not managed by them. + +After talking investments, insurance and a few other items we got to *the question*. + + Him: Do you have an emergency fund with 3 to 6 months cash reserve? + + Me: No, I've got about a month's earnings in my checking account. + + Him: You need to have cash in an emergency fund. + + Me: I can execute a trade and have cash the next day. + + Him: But you need it in an emergency fund, you know, for emergencies. + + Me: Riiiight. OK, fine. Let's move on. + +I didn't create an emergency fund. Flash forward four years to 2018. My furnace failed, replacement cost $5,000. I floated it on a credit card, executed a trade, got the cash and paid off the credit card in full. Two months later I had a medical emergency, spent several days in the hospital. Big bill paid by insurance, but my personal responsibility was about $7,000. I floated it on a credit card, executed a trade, got the cash and paid off the credit card in full. Yes, I paid long term capital gains on the trades with my 2018 taxes, but *that's a good thing*. + +Jump to last week. It's been five years, time to review things again with my investment adviser. I'd throttled back just a bit on stocks, and he was generally happy with my investment choices. We talked dependents, insurance, etc. + +Then we got to *the question*. + + Him: Do you have an emergency fund with 3 to 6 months cash reserve? + + Me: No, I've got a month's slush fund in checking. + + Him: You need to have cash in an emergency fund. + + Me: Why? I can execute a trade and have cash the next day. + + Him: But it's for *emergencies*. + + Me: I had two emergencies last year. Used my credit card for both, executed trades, paid them off. + + Him: But you had to pay taxes on that, right? + + Me: Sure. + + Him: See? If it was in an emergency fund you wouldn't have that. + + Me: Sure. **Moving on**. + +My money was making money. I don't see the need to park some of it in cash. His pitch that I shouldn't earn money on it because I'll have to pay taxes when drawing from it makes no sense to me. + +EDIT: Thank you all! +Hey, basically the title. I have had both a niece and nephew born this year and I want to surprise them when they turn 18. I’m only planning on putting aside a few hundred bucks a year per kid. What’s my best bet for getting a decent ROI for something like this? +I've ran numbers on it and what I get is this : + +&#x200B; + +||10 years|5 years|3 years|1 year| +|:-|:-|:-|:-|:-| +|ROIC|8,5%|2,3%|2,9%|\-3,3%| +|ROE|9,7%|2,8%|3,5%|\-4%| +|Equity Growth Rate|2,3%|\-2,9%|\-3,9%|\-8,6%| +|EPS Growth Rate\*|\-16,6%|\-8,9%|\-31,8%|\--| +|Sales Growth Rate|\-7,1%|\-6,2%|\-11,1%|\-32,5%| +|OCF Growth Rate|\-10,3%|\-11,5%|\-19,6%|\-61,3%| + +Roic is an average. The rest are compounded annual g rates. + +I'd approximately price it at 20 bucks personally. + +I haven't looked at other factors so far but I'm trying to understand the rationale behind buying in at around 80 bucks as reported. + +The numbers don't look too rosy imo. + +\*cagr until 2019 +Hello I'm sure this question has been asked multiple times but I guess everyone's story is different. I'm a 38 year old male, no kids, no mortgage or a car payment. I make $204,000 pr year ($150,463) after taxes and I'm looking for the best way to build wealth to potentially give to my future family when I leave this earth. + +I just started a new job and I currently have a checking and a savings account. I will set up my 401k when its offered to me but I'm not sure what to do next? + +I live very modestly and even when I purchase my first property I plan on using it as a rental. Im perfectly fine living in a one bedroom until I hit my financial goal. I will have between $7000-$8000 saved per month and I guess I'm just looking for some kind of building wealth direction or a blueprint I should follow. Sorry for the long winded essay. + +Edit: Thank you everyone for your valuable responses. I wasn't sure how this was going to go but I appreciate all of the comments. I really can't thank everyone enough. +I’m not looking for a get rich quick scheme, I just mean investing properly and growing my savings so that by the time I’m in my 40s or 50s I have a large amount of money on hand so I don’t have to worry about money later in life. + +I just finished college and have a career as an assistant professional at a golf course. I’ll openly admit that my base comp is 24k and based on club sales, lessons, club work and other sources of income throughout the year I make closer to 38k. I live with my parents and I’ve dedicated $1k a month to my loans and another 1k to savings and the rest goes to food and gas. + +I’m interested in crypto currency so sometimes I put about $500 in at a time but I have a horrible tendency to pull out my money short of these huge booms so i end up ahead but get out too early. For example about 3 years ago I had $4000 of bitcoin that I pulled out to make an early payment on my loan for school and had i waited that would have been a lot more. I thought I made a smart choice but holding on to it was smarter. + +It seems like I’m doing the right things but I don’t seem to understand how to really grow my money. What are some basic principles I can follow so I grow my money. + +Edit: Left out some important stuff. I’m single in my 20’s and going through the PGA PGM Program and once I’m a member of the PGA i can apply for better paying jobs. Thr first assistant at my current course makes over 100k a year. I won’t always make this amount. +I’m not looking for a get rich quick scheme, I just mean investing properly and growing my savings so that by the time I’m in my 40s or 50s I have a large amount of money on hand so I don’t have to worry about money later in life. + +I just finished college and have a career as an assistant professional at a golf course. I’ll openly admit that my base comp is 24k and based on club sales, lessons, club work and other sources of income throughout the year I make closer to 38k. I live with my parents and I’ve dedicated $1k a month to my loans and another 1k to savings and the rest goes to food and gas. + +I’m interested in crypto currency so sometimes I put about $500 in at a time but I have a horrible tendency to pull out my money short of these huge booms so i end up ahead but get out too early. For example about 3 years ago I had $4000 of bitcoin that I pulled out to make an early payment on my loan for school and had i waited that would have been a lot more. I thought I made a smart choice but holding on to it was smarter. + +It seems like I’m doing the right things but I don’t seem to understand how to really grow my money. What are some basic principles I can follow so I grow my money. + +Edit: Left out some important stuff. I’m single in my 20’s and going through the PGA PGM Program and once I’m a member of the PGA i can apply for better paying jobs. Thr first assistant at my current course makes over 100k a year. I won’t always make this amount. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +It's very easy to see dollar signs when we see big moves or hear about how someone turned $100 to $1M, or we're in the middle of a winning trade and think it's about to go parabolic. We're programmed to want to WIN! But, that's not how trading actually works. + +After you enter a trade, what did you do besides sweat and pray? Nothing. You clicked the buy button and hoped you could turn a profit. Winners take care of themselves and will run with or without you. You can even make a bad trade and end up making profit out of luck. What your job is, as a trader, is to stop the losers because the market cannot stop itself. + +All too often we cut our winners too fast and hold losers too long. We will be in a winning trade and think the run is about to end so better close the trade, or we'll hold a loser and think it could recover or it should find support. This is 100% backwards. + +In a winning trade, under ideal situations, you would buy and sell as you go. Take a starter position, sell half, buy the dip, sell some more, rinse and repeat until the trend is done and you're formally stopped out. + +But if the trade goes against you, close it immediately. It absolutely does not matter if the price recovers and runs later. It's easy to review a trade and think, "if I would have held, I could have made a profit" but that's a trap. In the heat of the moment, you didn't know if it would recover or not. I have personally taken quick L's on stocks that ended up tanking to low of day after I sold, only to see it turn around and make a new high of day. What are the odds of that happening? Not great. You need to develop strict entry and exit rules and follow them at all times to ensure consistency. + +The name of the game is risk management, so all you can do is protect yourself. If something runs, it'll run all by itself so you can enjoy the ride. But if something reverses on you, kill the trade. Taking a quick $50 or $100 loss (depending on your account size) is way better than blowing up your account or losing thousands because you "thought" or "hoped" it would recover. Remember that even professionals have a 60%+ win rate, which means they're losing nearly half the time. Difference is the winners are bigger than the losers. + +Gamblers only think of profits. Traders think about risk. Develop your strategy accordingly. +[Edit: Part 2 with further clarification found here...](https://www.reddit.com/r/Bitcoin/comments/7ikhon/futures_vs_the_future_who_exactly_is_betting_for/?sort=new) + +Cryptoctopus here for your weekend-prep: + +So here we are, already Friday night (for Asia!). The end of a very crazy week. You already know the past two-day history of insane gains, so I will only speak to the past 8 hours for those of you who have been sleeping (shame, shame...) + +So, having a $2,000+ decline in one "day" is not unusual, especially for the start of the weekend. + +As someone who has lived in Korea, I can tell you first hand that the off-duty times for the working class (read: everyone) are of vital importance. Work hard / play hard, and all that jazz. + +If you have read anything recently in the news, you know about the pressure that exists for the Korean need of an immediate securing of local fiat into a storage of long-term wealth. Bitcoin obviously fulfills that need, and has caused a feeding-frenzy for cypto for the last 72 hours. With the start of the weekend, that frenzy has has slightly lifted up, but expect it to pick back up in full on Monday. + + Consider this weekend your last big chance to pick up some big gains during this "bottom dip". + +Also remember that as Westerners, we will hit Monday morning a whole half-day later than Asia, so they will get the jump start on us Monday. The working morning for them will be approximately 4:00-5:00 PM EST on Sunday Night. + +Keep in mind, I know that there are a lot of other factors at play here. Institutional, public awareness, first initial bitcoin-binges, etc. However, those things are still at their infancy when it comes to price manipulation. It is important that you alert yourself to the power of the global market, and that its timezone will even more continue to affect Bitcoin's short term market swings very greatly. + +This is a very good thing for bitcoin in the end, as the international participation is going to strongly hedge against not only Wall Street and US based institutional investors, but also against all of the "public" that are recent buy-ins. + +There is a lot of recent talk about the "new money" coming into Bitcoin because of all the media. However, the last thing that you need to concern yourself is the "friends and family" demographic. The amount of money that they are putting in is being astronomically dwarfed by all other sources that, for now, is a guaranteed non-concern. + +Specifically, the average person's disposable investing/gambling income that is dipping into Bitcoin can in no way compare to the million/billion funds being poured in through quantitative investments on the institutional level. + + +Prepare for a strong return of previous gains from the stalled weekend. Also, do not fear the upcoming Monday futures release, as the rest of the world has been betting on Bitcoins future success for quite some time. There will be volatility, but speaking as a previous institutional wage-slave, it is in their best interest to keep riding the bull. + +If you are long, stay long. If you were waiting for "the dip", or a time for a first entry; this is it. See you at the top! +*"There is only one stock which poses an idiosyncratic systemic risk" (ticker: GME)* + +**TLDR: Look at the pretty pictures. GME 🚀and 🍿 no rocket** + +Apart from swaps and how Citadel is actually long on distraction stock, on which there is very good DD, let's have a look at the fundamentals and insider trading activity of both GME and 🍿. + +[🍿 is very much diluted](https://preview.redd.it/29h4bszxa0491.png?width=1094&format=png&auto=webp&s=0bc6fcf247b056ce63ee2aa1905697871d4a204d) + +[Debt = bad](https://preview.redd.it/74zdd3sdb0491.jpg?width=1082&format=pjpg&auto=webp&s=2bfb8b0f628779994fa0fc24b49a18098a5afb9f) + +[So let's look at the facts](https://preview.redd.it/aq4ust0gb0491.png?width=473&format=png&auto=webp&s=0f8ceb2239dc5535e22eba549df7073c35840127) + +[They think the price will rise](https://preview.redd.it/xu68eyzib0491.jpg?width=1920&format=pjpg&auto=webp&s=ec41022df62d90c1489d837c9deeb8e69ff1e5c6) + +# INSIDER TRADING OVERVIEW, COMMON STOCK BUY/SALE: + +https://preview.redd.it/8r0tstumb0491.jpg?width=1029&format=pjpg&auto=webp&s=d37583d36b6bff42641cc7cf0a674fd2825d16b4 + +Please note that of the insiders who sold GameStop shares since 2020, only James Grube and Jajeh-Saadeh are still with the company. 99.72% of shares and 97.56% of the total sale money were sales by insiders who are no longer with GameStop. + +Regarding distraction stock, John D Mcdonald and Stephen A Colanero has since retired. A lot of stock was also sold by 10% owners Mudrick Capital Management, Silver Lake Group and Wanda Group. According to the SEC Filings, Silver Lake and Wanda Group were both 10% owners as well as distraction stock Directors. + +The contrast is extremely clear with distraction stock seeing no insider share buys since 2020, while GameStop has seen 1.36M insider shares bought since 2020.Of the current distraction stock board, 100% of the directors has sold shares since 2020. Of the current senior officers of distraction stock, 39% has sold shares since 2020. + +# INSIDER TRADING OVERVIEW, STOCK OPTIONS: + +https://preview.redd.it/49jgqbazb0491.jpg?width=1030&format=pjpg&auto=webp&s=e083ebc6b6d03a250c665cbc68999655ceac9ce0 + +In total, since 2020 GameStop insiders were granted a little over 2.5M shares in the form of vested stock awards, subject to performance targets and multi-year timelines. + +Since 2020, distraction stock insiders were granted over 9.15M shares in the form of vested stock awards, subject to performance targets and timelines. 4.66M of these were granted to Adam Aron. + +While distraction stock had 0 dispositions of vested shares, 2M GME shares were not granted to insiders because of reaching 0% of set performance targets. + +The snek George Sherman missed out on almost 900K shares. + +There is also plenty of insider stock activity for tax purposes, exercising of options and conversion of options. The intentions behind these activities are hard to gauge without having access to all details so this is mostly omitted. + +It is important to note that GameStop explicitly states in their SEC Filings that in the case of a Tax Withholding event, no GME shares are sold but the vested shares are instead not given out by GameStop to the insider. + +*"The Reporting Person (George Sherman) did not sell any shares on the Transaction Date. Rather, shares were withheld by the Issuer on a vesting of restricted stock to cover applicable withholding taxes, with the number of shares withheld based on the 6/9/2021 closing pricing."* + +&#x200B; + +[Overview of transaction codes](https://preview.redd.it/tujbp6ejc0491.png?width=764&format=png&auto=webp&s=c3aebeeba4f470149fb6fbaf18c43fe69a1bb802) + +https://preview.redd.it/n1mnlo5lc0491.png?width=617&format=png&auto=webp&s=4af5d03eef5459f200e3a1cba1f024ee8b76c9e0 + +Adam Aron gifted 500K shares to his sons and about 124K shares were gifted by other distraction stock insiders as charitable donations. While I fully endorse supporting nonprofit organizations (remember how apes helped the Dian Fossey Gorilla Fund? 🦍), it’s important to note that not all nonprofit organizations are as charitable as they seem and the gifter enjoys a tax break because of the charitable contribution. + +# OTHER FUNDAMENTALS/TURNAROUND PLAN: + +https://preview.redd.it/0bxihmmpc0491.jpg?width=1333&format=pjpg&auto=webp&s=54c036c940da402f4ac54f87969754b28a8b00d1 + +**TLDR: Look at the pretty pictures. GME 🚀and 🍿 no rocket** +I recall a conversation with a friend about ten years ago, and we were discussing how to save for a home deposit. + +We ran with this scenario: one of the most significant expenses is rent, so if you can get a tent and sleep in the park, that's massive savings. To take a shower, either you are lucky to be in an office with a shower (e.g. CBD companies) or take out a cheap gym membership. For food, try a combination of eating out and getting salads; try to be as healthy as possible. + +That's it. I wonder if others have thought up similar funny and extreme savings strategies? +UPDATE JULY 10: + +Link to find low float on benzinga: + + +https://pro.benzinga.com/blog/how-to-find-low-float-stocks/ + + +If you're interested in my stock and daily picks please look at my profile and below for my stocktwits account. I cant say I will post all of them but I'll do my best. + + + +Stocktwits.com/wolf_trading + +https://pro.benzinga.com?afmc=bp + + + + + +I've made a consistent 500 to 800 every couple days or so with relatively minimal risk. + +I see a lot of inexperienced traders chasing or going after stocks that have no direct catalysts or reason to move. + +The best way to make money safely is to get a high quality scanner like benzinga or something with a quick news feed. + +You must look for the float and immediately disregard anything over 10 to 15m shares. + There is variance based on the news though. + +Now that you have stocks in this size range of 1m to 15m float, your next factor is the current rise in price. + +I will not touch anything thats moved over 20%. I have lost out but in general, this is safe based on your risk assessment. + +Next is your position sizing. For me, I use 1000 flat on most low float stocks. Assuming they havent moved more than 20%, my maximal loss is around 200 dollars or so. + +Tonight I was able to net roughly 1132 in profits on an investment total of 2000 between BIGI and and INFI. + +INFI was an exception to my float rule only because the news was pretty big being a cancer patent. + + +My maximal loss on BIGI was around 250 dollars based on my buy price. My maximal loss on Infi was around 300 dollars. + + +So 550 or so total loss provided both completely tanked with a nearly unlimited upside based on the lower float/news. + +I also did this earlier with AIHS. Bought at 1.10 based on the average price being around 85 to 90 cents. + +On my 1000 investment here my maximal loss was 228 dollars assuming a complete tank to 85 cents. + +I took in a profit of roughly 600 dollars here by selling around 1.76. + + +So total profits for today of 600+ around 1100 from earlier for a grand total of 1700 and an absolute maximal loss of 878 dollars on a total investment of 3000 for the day which means the majority of my account is still unused. + + +I have found this method to be much more profitable long term than throwing giant numbers. A 20% hit on 10000 for instance is 2 grand, AND your money is locked up now and unsettled so unless you're very wealthy you cant trade for the next day and a half. + + + +I hope this helps people make some money. I've quit my job as of 3 months ago and have been working full time doing this and done pretty well. + +If anyone has any questions I would be happy to help. There is a definitive science here and it's not rocket ships. + + +Update: been getting a lot of messages. Going to sleep now, I'll try to reply to people. + +It's really important you dont hold these stocks guys. It's a trade. Look at the price action of AIHS today and you'll see exactly what I mean. Popped to 2, down to 1.26. The news was good but hardly "holy crap" worthy to justify a 130% jump + + + + Theres no DD involved because that applies to a hold. Mark my words tomorrow if there is anything low float and news of it, it will fly like mad. Just watch your scanner + +Update: + + +As of today july 9th, 7:57 AM the stock DSS spiked 72% on news of in vitro testing with its equivir, linebacker compounds. Float size 1.3m. + + +ADDED INFO: + +THIS METHOD MAINLY WORKS PREMARKET AND AFTER HOURS. + + +It can work regular trading hours but news isnt likely. + +NEWS TIMES ARE OFTEN 7, 7:30, 8, 8:30 AND 9. + +THE NEWS SCANNER IS ESSENTIAL. YOU NEED IT. + +this method requires a lot of machine level reading speed and information processing. + +However it works. You must practice it. I miss a lot but my misses usually mean like a 50 dollar loss or something tiny and I try again another day. + + +I only need a couple of these a month to make a normal livable salary, and I try at least 3 times a week. + +If you buy after hours and hold it wont count as a day trade too. + + +For reference today I bought AESE and it had a minor pop but it did pop. I also bought GRIL and it didnt move, so I just hold it to avoid it being a day trade. It won't drop because it didnt move beyond its support level. + + +YOU CAN HOLD THESE TO AVOID DAYTRADING IF IT HAS NOT MOVED IN DAYS OR IS A DUD. + +IF IT IS UP WITH VOLUME YOU MUST SELL + +You can then try again and again with your small amounts and relatively little chance of losing money. + + +Update 7/10 + +If you notice that PSV and WIMI both flew today. PSV was at the top of the after hours chart and it had a bounce and then a drop and was kept there for a while. Today it ran nearly 500%. This is the same pattern in POLA from a while ago, literally the exact same pattern of a drop and stagnation, afterhours trend to close and explode the next day. + +This is what I mean about trader psychology. Theres no DD required here, it's all about the pyramid scheme of it will go up because everyone wants it to go up. +I’ve seen it a lot on here and this post is to clarify between the two. These are not the same. + +A “covered” anything means you have the shares to back up the option. + +A Cash Secured Put is a position taken on when you have enough cash to acquire the shares at the given strike price. + +A “Covered” Put is quite the opposite of a CSP. In this trade you are short (-100) shares of the underlying and you are selling an OTM put to bring in premium. + +Ex: You are short (-100) shares of QQQ at 300/share. You sell a 290 put option. At expiration if the option is below 290/share - you will buy back the shares of QQQ (+100) and will essentially be back in cash. This is a covered put trade. + +Think of the covered put as the inverse of covered call. + +Edit: Important distinction - In a covered put, your short position (-100) shares has unlimited loss potential. +The article in NYT outlines why ATT has all this horrible debt. Sounds like incompetence. All three deals were failures. And take a look at that last paragraph below. They spent over $150M just in advisory fees in 3 years to end up where they were to begin with but with more debt. “After all of that deal-making, ATT is sitting on more than $170 billion in debt. As part of the deal with Discovery, ATT will get $43 billion to help reduce its debt load. (The spun-off media business will begin its independent life with $58 billion in debt.)” + +https://www.nytimes.com/2021/05/18/business/ATT-WarnerMedia-Discovery.html?referringSource=articleShare + + +The DealBook newsletter explains how ATT got here, in three key deals: + +1..A $39 billion bid to buy T-Mobile. After regulatory pushback, in 2011 ATT walked away from an effort to become the country’s largest wireless company. T-Mobile paired up instead with Sprint, and the two went on to buy huge amounts of spectrum in the high-stakes battle for 5G, leaving ATT behind as it lobbies regulators to step in. The failed deal hit ATT with a $3 billion dollar breakup fee, at the time the largest ever. + +2. The $67 billion acquisition of DirectTV. In 2015, ATT bet on cable TV as a way to amass customers whom it could eventually convert to streaming. But DirectTV bled subscribers as customers cut the cord, and ATT unloaded a stake in the company last year to TPG that valued DirectTV at about a third of its acquisition price. The deal also cost ATT about $50 million in advisory fees, according to Refinitiv. + +3. The $85 billion acquisition of Time Warner. In 2018, Mr. Stephenson called the deal a “perfect match,” but the combined group struggled to invest in its telecom business while also spending enough to compete with the entertainment specialists at Netflix and Disney. Three years later, ATT is now spinning off the company so it can (re)focus on its quest for 5G market share. ATT paid $94 million in advisory fees to put the two companies together and an estimated $61 million to split them apart. +Two weeks ago life was simple. I could go to the grocery store and pick out whatever I wanted without looking at the price tag. I could peruse a department store for new heels that matched my new dress guilt free. I could even cover a large and unexpected card repair without a single negative emotion entering the equation. I was making plenty of money for a young single adult to live on, and I was comfortable and carefree. + +And then I wasn’t. All it took was one email with one simple message, “You are being laid off” to cause my heart to feel like it dropped through my feet and my brain to run amok with the thought of “Oh Sh*t.” But the panic was brief, and thanks to a number of years on this sub (obviously not on this throwaway account ) I was well prepared for the moment. + +The first thing I did was to check my financial status and was thrilled to find that by having money get auto deducted from my paid check for an emergency fund, I had managed to save over 6 months of expenses in just a few years! It also helped that I spent my late teens/early 20s on this site and learned to keep lifestyle inflation in check while my income grew. + +The second thing I did was file for unemployment. I was getting no severance and was not owed any vacation. This sub convinced me that taking unemployment was not something to be ashamed of. I earned it. + +The third thing I did was apply to jobs. I am still on this third step, but am happy to report that I am nearly as comfortable and carefree as I was two weeks ago. I know I have the means to support myself for quite some time and can take the time to apply to cool sounding jobs, take hikes in the mountains (The trees are so colorful this time of year!) and enjoy a nice respite from the 9-5 grind. + +So, thank you. Your discussions, questions, and advice on this sub over the past few years led me to having financial security when I needed it the most. + +As a bit of background my father passed away unexpectedly in his 50's a couple of years ago and left me with £12m. I'm 27M and engaged, she was with me before all this and doesn't have money bags in her eyes which is great, we are in an incredibly loving relationship and the future is bright. All of my NW is invested in equities/bonds less for a small amount of cash and emergency fund. We have no mortgage and live comfortably, we don't really tell anybody about our NW however family and friends do know because they knew my father before he passed and can put two and two together. + +I'm self employed and work full time in the service industry, I very much enjoy my work and plan to work for many more years. I obviously don't tell anyone about my wealth, I like to keep it private. + +We live in a nice 3 bed family home, nothing too big, somewhere we could live comfortably for the rest of our days. There's lots of young families on the estate with no one seeming too "FAT" but certainly no one living on the poverty line either. + +I've recently purchased a nice new car, it was around £75k and I just can't but shake the feeling of guilt and judgement of others, I love the car and I'm happy my NW can 'afford it'. I invest reguarly and often and am very much commited to growing my wealth however I feel like I may have exposed myself as being FAT. I try my best to live under the radar and very much enjoy the 'financial independence' part of FIRE rather than the 'Retire Early' part. Should I care? Why do I care so much of what the neighbours may or may not think? Personally if I was them and I saw they had a new car, I'd be happy for them, but why can't I shake this feeling of me not fitting in now? For what it's worth the car is a BMW SUV, in a dark grey metallic, it's not bright yellow or anything obnoxious. + +Should I just stop giving a poop what people think and enjoy my life? I work hard, I am commited to growing our wealth and am genuinely conservative in spending in all other areas. This was just a purchase that made sense for us on a practical level with space for future children and our dog, it also helps that I'm into cars and it's a performance model too. + +I don't really know why I'm posting this, maybe as a vent, maybe to see if anyone can relate to me. It's so hard to discuss money anywhere without judgement and people getting jealous. I didn't ask for this NW but I feel obligated to do right by my Dad. But i'm also so so aware that tomorrow is not promised and you can't take it with you. + +I feel like I definitely do struggle with spending the wealth and fear of what others think of me. Maybe I just have a complex about fitting in. +The general consensus is that inflation is better than deflation, because inflation incentivizes economic growth and deflation incentives the hoarding of capital. + +What I don't understand is that the main deflation example people point to is the Great Depression, which seems disingenuous because it was literally one of the worst economic crashes of all time, and the deflation was pretty extreme. Pointing to the Great Depression as a deflation example seems like pointing to Zimbabwe as an inflation example. + +If we had *moderate* deflation, similar to our current system of moderate inflation, it seems like it would be a much different scenario. People wouldn't be so incentivized to chase yield in speculative assets, and instead only sound business' would receive investment. + +In our current system, I've never found myself buying something today instead of tomorrow because I was worried about the price going up, so inversely, I don't see why people would hoard their money out of the fear of prices going down. + +Aside from that, it also seems like in modern times it'd be much easier to control runaway deflation than runaway inflation. + +**Do we have any deflation examples (anywhere in the world) other than the Great Depression, or is that pretty much the standard of what people go off of?** + +**Has anyone ever addressed these points before either in written or video form?** + +Maybe it's because I'm 23 and stupid, but I just can't figure out why we all agreed that having our money lose value is a good thing. + +Edit: For some reason only one of the comments aren't showing up so apologies if I don't reply. I'm not sure if anyone else ever has this problem but reddit occasionally does that for me and I just have to wait a day or two. +I got into a pretty nasty crash on my bike the other day. I was in a running late for an exam and my thoughts were clouded. Next thing I know, a lady turns right on me while I was filtering between traffic. im luckily unharmed completely (not a religious person but I think it was a miracle). The lady was really nice about it, we didn’t have police show up and she asked me if I would rather pay out of pocket for the damage to her head light or whether I’d have my insurance cover it. She called me and said the shop is charging 1,200. I have 400 in savings and I make about 250 a week after expenses and taxes. +What’s my best bet here, deal with high insurance premium or somehow pull together 1,200? + +Edit: filtering or lane splitting is illegal in my state so I was 100% in the wrong and I owned up to it as well. +Hey everyone, + +I've been tracking subdomains added to all of GameStop's domains, and 2 new ones were added yesterday to their development sandbox domain ([gstop-sandbox.com](https://gstop-sandbox.com)). + +api.nft.gstop-sandbox.com + +internal.nft.gstop-sandbox.com + +You can view these in [certificate transparency logs](https://crt.sh/?q=gstop-sandbox.com) and they were appended to the existing gstop-preprod.com certificate. + +I would say these subdomains are expected based on what they are trying to build. APIs enable them to integrate easily with 3rd party services and opens up their platform to 3rd party developers to create on top of it. The internal subdomain could be any number of things, we don't really have enough info to say for sure. It could be a domain required for Loopring integration, or it could be an intranet website for NFT employees, or any other number of things. + +After testing in the sandbox domain is complete, I would expect that these subdomains would be added to their production [gamestop.com](https://gamestop.com) domain so be on the lookout for that. + +Edit: Please try not to infer timelines based on this information, we will never know when they may announce something. Just because these subdomains aren't on the main [gamestop.com](https://gamestop.com) domain does not mean they aren't close to an announcement/finished product. + + +It was the first time these subdomains showed up on [crt.sh](https://crt.sh), or the script I run which doesn't necessarily mean its new, just that it's starting to show up publicly now. +Tofu gets a bad rap because people hate vegans so much (full disclosure: am vegan), but at $2/lb you cant do a whole lot better in terms of [nutrition](https://www.bbcgoodfood.com/howto/guide/ingredient-focus-tofu) + +It has basically no flavor but will absorb the flavor of whatever you want. Theres thousands of recipies out there. Try one! Even if its just adding cubes to your vegetable soup. +Saturday morning my neighbour had an open home. We live in an “okay” street at best south west Sydney. Over 100 people showed up and lined up in the pouring rain. As it was about to end I popped over to have a stickybeak, the kitchen had a leaking roof with a bucket in the middle of the room. The agent started their pitch to me showing me how many offers they had on paper and told me if I want to put an offer in I better do so before 2pm that day as it will be sold. The house was listed at 650, but the agent disclosed that had already received offers well over 700 as the market is “hot”. + +Just curious. Why are you buying in this market? Is it for a PPOR? Are you a FHB / investor? Are you like many who saved more during covid times? Or why are you holding off, and if so, until when? If you could sell your home but are holding off, why? (I’m curious to know why demand is high but stock is low? Is it too hard to find the next property in this market?) + +Cheers! +I am a CFA Level 2 candidate, and moving to India from USA in next couple of months. As much as I know about Investing, I don't know much about Financial Planning for raising a family in India. Looking for some recommendation/books so I can start something. I can make a plan myself, and would be good enough, but, I'd still like to follow best practices if I can find for Indian Circumstance. + +Edit: I started reading this as it was only $4.77 + tax on Amazon. Looks decent, quick, and easy read. Works for my purposes. [Amazon.com: How To Be Your Own Finance Planner in 10 Steps (Master Your Financial Life Book 2) eBook: Chauhan, Manish: Kindle Store](https://www.amazon.com/gp/product/B00JOMOXR6/ref=ppx_yo_dt_b_d_asin_title_o00?ie=UTF8&psc=1) + +&#x200B; +Hi! + +I am looking for an API that I can query to get stock financial info for Indian companies. Say, Infosys income statement data for the last 15 years. I'd like to query it ideally from Python. + + +Is there such a website that has extensive data for all Indian companies. Which one would you recommend? + + +Thanks! +🙋 Hey everyone SafePalestine is a unique, community lead project. Our BSC token will bring both awareness and charitable donations to our brothers and sisters in Palestine. + +🆘 5% Charity + +Sent directly to the charity wallet. To then be used for donations to various charity organizations, in Palestine . + +⚖ 2% Redistribution + +Holders will recieve tokens through a static reflection. This means long term is a key factor. + +⚗ 3% Auto Liquidity + +Every transaction automatically contributes to the locked liquidity pool. 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Not knowing who anyone on the panel *is*, and not knowing most of the acronyms and terms that were mentioned *were*, I wanted to do some digging and explain some things as best as I understand. + +# Be advised + +The amount of information, publications, and webpages covering this topic is PLENTIFUL, and I've spent the last couple days off and on combing through page after page picking out what I think best fits a Reddit DD, while still providing value. That said, There will of course be a topic, requirement, or something else that I may have missed, but this more than covers the gist. + +\-------------------------------------------- + +# TLDR + +New margin requirements are coming into effect on September 1, 2022. In a process of phases that started in September of 2016, phase 6 is now on the way. This final phase, has the lowest threshold to date, which is $8 billion; a FAR cry from the $3 trillion threshold of phase 1. As such, MANY more counterparties--institutions, hedge funds, family office, etc--will come into scope, where, if the threshold is exceeded, margin calls can happen, on top of the hefty administrative fees and costs associated with exceeding the threshold. + +Moreover, the panel video from November expresses a clear opinion--in a couple of the panelist--that not everyone has been working through the laborious laundry list of preparing to comply, if they have started at all. Which leads me to believe that MANY will be caught of guard September 1, 2022. + +And no, this will not be delayed. This phase was already delayed a year due to Covid, but this is happening in a few weeks, come rain or shine. + +\----------------------------------------------- + +I have seen the below screenshot posted a lot across socials the last few days, and rightfully so. + +However, I have not seen much in the way of explaining some of the nuts and bolts of what exactly is going on. + +&#x200B; + +[https:\/\/www.isda.org\/countdown-to-phase-6-initial-margin\/ ](https://preview.redd.it/y8nfddx4yze91.png?width=1194&format=png&auto=webp&s=0afe4cd45fbdafb2e3637e2e1a41c8d1c19cd6f9) + +Also, a recent panel video on the subject that was recorded in November 2021 was streamed to YouTube on Jul 5, 2022. On this panel were members from financial institutions, law firms, and ISDA itself. The video is 53-ish minutes, but I feel it's worth the watch, for sure... especially if you go through this DD first--should you decide to do so--and then watch the video with the proper context. + +&#x200B; + +[https:\/\/www.youtube.com\/watch?v=bR3AHHmCbAI&t=7s ](https://preview.redd.it/jn42jlabyze91.png?width=968&format=png&auto=webp&s=09ccdca83dc2303a08190d8caa4212159f9c4464) + +&#x200B; + +# Let's start with some key terms + +&#x200B; + +* **AANA** (Average Aggregated Notional Amount): is a gross notional calculation across all uncleared OTC trades per firm, for a three-month regulatory calculation period, to determine the Initial Margin phase that firm is in-scope for.Said another way, per [CME Group](https://www.cmegroup.com/education/navigating-uncleared-margin-rules.html#case), "*AANA is what regulators use to determine whether a firm is in scope for IM in Phases 5 & 6. Asset managers, banks, hedge funds, corporates, pensions and more may be subject to the requirements"* +* **ACA** (Account Control Agreement): Per [ISDA](https://www.isda.org/book/2013-account-control-agreement/), provides market participants with a standardized form of agreement for the segregation of independent amounts for uncleared swaps with an independent third party custodian. +* **CSA** (Credit Support Annexes): Per [Investopedia](https://www.investopedia.com/terms/c/creditsupportannex.asp#:~:text=A%20credit%20support%20annex%20(CSA)%20is%20a%20document%20that%20defines,and%20Derivatives%20Association%20(ISDA)), a credit support annex (CSA) is a document that defines the terms for the provision of collateral by the parties in derivatives transactions. It is one of four parts of a standard contract or master agreement developed by the International Swaps and Derivatives Association (ISDA)[ISDA](https://www.isda.org/countdown-to-phase-6-initial-margin/) gives more insight into CSA's, which they inform us are governance and guidance documents provided to firms for compliance with margin requirements +* "**CREATE**" (or ISDA CREATE): is a platform that provides an efficient documentation framework to automate the creation and delivery of IM documentation, and negotiate and execute IM documentation with multiple counterparties simultaneously while capturing, processing and storing data from these documents +* [**Initial Margin**](https://www.investopedia.com/terms/i/initialmargin.asp) (IM): Initial margin is the percentage of the purchase price of a security that must be covered by cash or collateral when using a margin account +* "**ISDA** [**SIMM**](https://www.isda.org/a/cgDDE/simm-for-non-cleared-20131210.pdf)" (or SIMM®): ISDA Standard Initial Margin Model is a governance framework or methodology that provide users things like timely and transparent dispute resolution and allowing consistent regulatory governance. and oversight +* **NISC**: Newly In-Scope Counterparties +* [**Variation Margin**](https://www.investopedia.com/terms/v/variationmargin.asp) (VM): Paid on a daily or intraday basis to reduce risk, a variable margin payment made by clearing members, such as a futures broker, to their respective clearing houses based on adverse price movements of the futures contracts these members hold.Put another way, VM is used to bring capital back up to the margin level. + +&#x200B; + +# The Panel Members + +&#x200B; + +* [Andrew L. Kayiira Jr.](https://www.edenpointpartners.com/the-firm/).; Founder and Managing Partner, **Eden Point Partners** and Strategic Consultant to **ISDA**Eden Point Partners is a capital markets advisory firm, delivering solutions for institutions operating within the OTC derivatives space. +* [Amy Caruso](https://www.isda.org/about-isda/executives/); Head of Collateral Initiatives, **ISDA** +* [Doug Donahue](https://www.linklaters.com/en/find-a-lawyer/douglas-donahue); Finance Partner; **Linklaters LLP** (Law Firm) +* [Tara Kruse](https://www.linkedin.com/in/tara-kruse-8bb33a8); Global Head of Data, Infrastructure and Non-Cleared Margin, **ISDA** +* [Ed Corral](https://www.linkedin.com/in/edcorral/); Global Head of Tri-Party Repo \[formerly Global Head of Collateral Optimization\], **Morgan Stanley** +* [John Pucciarelli](https://www.acadia.inc/our-people/john-pucciarelli); Head of Industry & Regulatory Strategy, **Acadia** +* [Ted Leveroni](https://www.linkedin.com/in/tedleveroni/); Head of Margin Services, **BNY Mellon** \- Markets + +**Fun Fact** about Acadia; a "*market-leading risk management platform for the derivatives industry*". + +&#x200B; + +[https:\/\/www.acadia.inc\/company\/our-story ](https://preview.redd.it/un99uqzhyze91.png?width=1303&format=png&auto=webp&s=5ec875d70a48ab973bd1a993f0beca2a07fcf2d3) + +(Leaving this nugget here for anyone who wants to do some digging) + +&#x200B; + +# The Topic of this Panel? + +&#x200B; + +[https:\/\/www.isda.org\/countdown-to-phase-6-initial-margin\/ ](https://preview.redd.it/rxapd1woyze91.png?width=659&format=png&auto=webp&s=a674d9924be13e8f6d7af2dae56d9ce94891b7cd) + +'***As of September 1, 2022***\*,\* ***regulatory*** ***initial margin*** ***(IM)*** ***requirements will apply for the first time to hundreds of global counterparties*** ***that*** *belong to a consolidated group for which* ***the average aggregate notional amount (AANA) of derivatives transactions exceeds €8 billio****n,* ***or a similar amount in local currency***\*.\* ***This compliance date is commonly referred to as ‘Phase 6’****, since it is the sixth global compliance date for the phase-in of regulatory IM requirements since September 1, 2016.* + +***ISDA estimates that more than 775 counterparties with an excess of 5,400 relationships may become subject to regulatory IM requirements in Phase 6***\*. More than 800 of those relationships may need to exchange IM in the near-term following September 1, and therefore should be actively preparing at this stage.\* + +***Preparation for regulatory IM is complex and resource intense, involving the bilateral negotiation of new IM documents, the establishment of custodial accounts, and operational preparation for collateral management processing – including margin calculation, margin call communication, allocation, and affirmation, collateral settlement and reporting.*** *It is imperative that a group of counterparties that anticipates it will exceed the AANA threshold for Phase 6 and is likely to exceed the IM threshold of €50 million (or similar in local currency) notifies its counterparties and begins preparation*.' + +&#x200B; + +# Onto ISDA + +&#x200B; + +[https:\/\/www.isda.org\/ ](https://preview.redd.it/j9gn7100zze91.png?width=311&format=png&auto=webp&s=77e9152b40b584aa76c10e3d0aa3e1f3a1ae4802) + +&#x200B; + +So, "**Who or What is ISDA**\*\*\*"\*\*\*? + +According to [Investopedia](https://www.investopedia.com/terms/i/isda.asp), the International Swaps and Derivatives Association (ISDA) is a private trade organization whose members, mainly banks, transact in the OTC derivatives market. This association helps to improve the market for privately negotiated over-the-counter (OTC) derivatives by identifying and reducing risks in that market. + +&#x200B; + +For a more "ape friendly" explanation, let's revisit The Big Short. + +&#x200B; + +[The Big Short ](https://i.redd.it/szj0z9s2zze91.gif) + +As we learned from this now infamous scene of the 2015 smash hit--now cult classic and "must watch" to retail investors alike--in order to "sit at the big boy table", you need an ISDA \[agreement\]. + +&#x200B; + +"**What is an ISDA Agreement?**", you ask? + +Per [Investopedia](https://www.investopedia.com/terms/i/isda-master-agreement.asp), **an ISDA** Master **Agreement** **is** the standard document regularly **used to govern** over-the-counter **(OTC) derivatives transactions** **and outlines the terms** to be applied to a derivatives transaction between two parties, typically a derivatives dealer and a counterparty. + +&#x200B; + +**TLDR**: An ISDA agreement gives an institution/firm/entity the ability to make significant sums of money by engaging in off-exchange transactions on derivatives and swaps. + +[BNY-Melon](https://www.isda.org/a/YPngE/BNY-Mellon-Custody-Documents-Available-on-ISDA-Create-Press-Release.pdf) informs us that "**ISDA has over 960 member institutions from 78 countries**". + +&#x200B; + +**"So, this change is coming from ISDA?**" + +No. As reported by [ISDA](https://www.isda.org/a/D6fEE/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf), "*the* ***Basel Committee on Bank Supervision and International Organization of SecuritiesCommissions (BCBS-IOSCO)*** *developed and finalized their Final Framework on MarginRequirements for Non-Centrally Cleared Derivatives (BCBS-IOSCO Final Framework), which sought to establish international standards for such requirements*..." + +&#x200B; + +# Okay, so "What's all this 'Phase 6' talk"? + +&#x200B; + +Great question. However, before we discuss *that*, we must first discuss another acronym; **UMR**. + +&#x200B; + +[https:\/\/www.isda.org\/2018\/07\/19\/initial-margin-for-non-centrally-cleared-derivatives-issues-for-2019-and-2020\/ ](https://preview.redd.it/2jipa0kazze91.png?width=1326&format=png&auto=webp&s=69bd2878ce887cc20d610649ab351666233ec1ea) + +&#x200B; + +In short, [Uncleared Margin Rules](https://www.isda.org/2018/07/19/initial-margin-for-non-centrally-cleared-derivatives-issues-for-2019-and-2020/) (or UMR) were created to address the OTC derivatives market--and its participants-- in the wake of the global financial crisis (GFC) of 2008-2009, implementing new margin requirements for non-centrally cleared derivatives. As to not stun the market, and to allow for members to comply with what the ultimate changes of these new rules would become, these rules were "phased in". + +Starting in 2016, we are *now* at a precipice where Phase 6 will be going into effect September 1, 2022, some 4 weeks and 5 days away ; or 23 trading days, if you want to be more exact. + +&#x200B; + +According to [FinServConsulting](https://www.finservconsulting.com/2019/12/umr/), + +"***The phased thresholds for UMR means that, with each Phase, more and more In-Scope Counterparties will be affected and has been the source of some consternation among market participants***", and that "*in 2018, market regulators postponed the last two Phases (4 and 5) by one year. The Phase 4 compliance date was originally September 2018 and was moved to September 2020. The Phase 5 compliance date moved from September 2020 to September 2021*", and "*in addition to the notional thresholds, IM is required to be posted between counterparties where there is a consolidated threshold of $50mn USD or $50mn EUR*". + +**TLDR**: Going back to September of 2016, a new set of initial margin rules came into effect. Because the first phase had had the largest AANA threshold--set at $3 trillion--there were few counterparties who came into scope--or met the requirements--which explains why we're only really hearing about this now. + +&#x200B; + +For context, the below graph illustrates the progression of counterparties coming into scope through these phases as the UMR reuirements have changed + +&#x200B; + +[https:\/\/www.cmegroup.com\/articles\/2022\/capital-efficiency-and-listed-equity-derivatives-take-center-stage-for-final-umr-phases.html ](https://preview.redd.it/5erbdzzdzze91.png?width=1114&format=png&auto=webp&s=b99583f8e6345a0cd42deb37ba7a0b3c50c2601b) + +&#x200B; + +With Phase 6 on the way, the "scope" has SIGNIFICANTLY reduced, from a staggering $3 trillion in phase 1, down to a "measly" $8 billion for US counterparties. + +&#x200B; + +We *also* know that, while [only a small number of firms have been impacted by Phases 1-4](https://www.cmegroup.com/education/navigating-uncleared-margin-rules.html#resources), the process to comply with Phases 1 - 4 was no walk in the park. + +In the conclusion of their **ISDA SIFMA Initial Margin Phase-in** white paper in July of 2018, [ISDA](https://www.isda.org/a/D6fEE/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf) tells us "***Large dealers spent two to three years*** *building out their data, systems, and organizations to support regulatory IM calculation and maintenance* ***for 2016 Phase 1 go-live***. *In the six months prior to September 2016, the Phase 1 firms struggled* ***to finalize CSAs, custodial agreements, collateral schedules, collateral and netting opinions***\*, perfect security interests and establish accounts with custodians. These difficulties existed even though the first phase involved comparatively fewer entities (approximately 100 counterparties for each dealer)\*". + +&#x200B; + +Additionally, we know that the final phases of UMR do not get any easier \[in execution or application\], with Phase 6--which is almost exclusively buy-side focused, according to [Bloomberg](https://www.bloomberg.com/professional/blog/uncleared-margin-rules-what-you-need-to-know/)\--expected to bring its own challenges. + +[ISDA](https://www.isda.org/a/D6fEE/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf) tells us "*The final phases of IM phase-in pose a substantial challenge for market participants, third-party service providers and the market as a whole. Readiness requires detailed discussion and close collaboration across firms, regulators and other stakeholders in an extremely timely manner*". + +[ISDA](https://www.isda.org/a/YPngE/BNY-Mellon-Custody-Documents-Available-on-ISDA-Create-Press-Release.pdf) *also* tells us “*Phase six will undoubtedly be a challenge for our entire industry*..." + +&#x200B; + +# A look at the Phases. And, no. We're not talking the moon... not yet, anyways.. wink + +&#x200B; + +[https:\/\/www.finservconsulting.com\/2019\/12\/umr\/ ](https://preview.redd.it/zpvs8p2kzze91.png?width=920&format=png&auto=webp&s=61a72e2bee2afda8d463dce2df28effd2ccca036) + +&#x200B; + +[https:\/\/www.isda.org\/a\/D6fEE\/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf ](https://preview.redd.it/zyr67qzlzze91.png?width=1090&format=png&auto=webp&s=3cd1beec0d5bc53e8e5247dd854fd80d60c221f6) + +&#x200B; + +# That all seems pretty intense, but.. What does it mean? + +&#x200B; + +Recall from our key terms earlier that AANA is used to determine if a firm is in scope. Once a determination of whether or not someone is "in scope"--which could be assets managers, banks, hedge funds, corporations, pension funds, family offices, etc--the firm is now required to comply with UMR Phase 6. + +Once September 1st comes around, some **775 counterparties, with an excess of 5,400 relationships** will be at risk of being in scope for UMR Phase 6, which means--and this is where I *may* misinterpret something in translation, so someone please correct if I am wrong--once a threshold is agreed to--presumably, this means, once a counterparty enters into an agreement or a transaction that falls under these guidelines--counterparties need exchange initial margin when the $50 million threshold is exceeded. Recall from earlier that initial margin is the percentage of the purchase price of a security that must be covered by cash or collateral when using a margin account. + +According to [Bloomberg](https://www.bloomberg.com/professional/blog/uncleared-margin-rules-what-you-need-to-know/), "t*he main challenge faced by traders is staying beneath the $/€50 million initial margin threshold,* ***since exceeding that threshold comes with significant costs and cumbersome legal and custodian requirements***". + +&#x200B; + +# Who is subject to U.S. non-cleared margin regulations? + +&#x200B; + +[A party trading derivatives products covered by these rules may be subject to requirements to exchange variation margin (VM) and IM.](https://www.isda.org/a/mUFTE/AANACalculationUS_4.6.21.pdf) + +"*In general, the U.S. rules apply directly to registered swap dealers (SDs) and major swap participants and indirectly to “financial end users”. If a financial end user has an AANA of in-scope, non-cleared derivatives transactions greater than USD 8 billion, then the IM requirements will apply (in addition to VM). (The U.S. rules use the term “material swaps exposure” to refer to an AANA greater than USD 8 billion.*)" + +&#x200B; + +# More on margin. + +&#x200B; + +[CME Group](https://www.cmegroup.com/education/navigating-uncleared-margin-rules.html#case) provides us a nice standardized initial margin (IM) schedule; Seen below. + +&#x200B; + +[https:\/\/www.cmegroup.com\/education\/navigating-uncleared-margin-rules.html#case ](https://preview.redd.it/czhpq25qzze91.png?width=540&format=png&auto=webp&s=08482214bf8fe195366a2106b5d469a732f65e80) + +&#x200B; + +# This "AANA" seems pretty important. How do you even come up with that number? + +&#x200B; + +[ISDA](https://www.isda.org/a/mUFTE/AANACalculationUS_4.6.21.pdf) provides the 5 following basic steps: + +1. Identify all the legal entities that are part of your consolidated group – each a “margin affiliate” or “affiliate”, as defined in the relevant U.S. rules. +2. Identify the uncleared transactions in all AANA covered products for each of the entities in your consolidated group for each relevant business day during the AANA calculation period. +3. Calculate the total notional amount of AANA covered products identified in Step 2 for each relevant business day during the AANA calculation period. +4. Calculate the AANA. +5. Notify your counterparties. + +&#x200B; + +However, a more robust 7 steps to calculations AANA--covered in "Guide to Initial Margin AANA Calculations--can be found [here](https://go.cloudmargin.com/hubfs/Guide_AANA%20Calculations_2021.pdf?utm_source=im_page&utm_medium=aana_guide&utm_campaign=cloudmargin_content&utm_content=im_resources). + +&#x200B; + +# What kind of derivatives are in scope? + +&#x200B; + +[https:\/\/www.cmegroup.com\/education\/navigating-uncleared-margin-rules.html#tab3Minimize ](https://preview.redd.it/lxuqgj4vzze91.png?width=699&format=png&auto=webp&s=ed1635df0ac1382016292f2bc82502df511d255b) + +&#x200B; + +The above list is not exhaustive, however, for a more complete listing of "What's in scope?", click [here](https://www.isda.org/a/NsWgE/ISDA-In-Scope-Products-Chart_UnclearedMargin_2022June9_distribution.pdf). + +&#x200B; + +# This all seems pretty involved. I bet it's going to be difficult and cumbersome. + +&#x200B; + +Correct. In fact, [FinServConsulting](https://www.finservconsulting.com/2019/12/umr/) made a nice handy infographic with what they see as some of the biggest challenges. + +&#x200B; + +[https:\/\/www.finservconsulting.com\/2019\/12\/umr\/ ](https://preview.redd.it/fywh8i1zzze91.png?width=914&format=png&auto=webp&s=941769a7db811ab85064cc6e0182dba46e468b12) + +&#x200B; + +# ISDA's [white paper](https://www.isda.org/a/D6fEE/ISDA-SIFMA-Initial-Margin-Phase-in-White-Paper-July-2018.pdf) on the subject even has lots to say about the difficulties around UMR and provides some caution for newly in-scope counterparties + +&#x200B; + +**TLDR**: Preparing for, complying with, and executing proper IM under the new UMR framework will be extremely difficult in the *BEST* of situations and conditions. Those who were not proactive and started late and/or have not yet started......will be up a creek with no paddle should they exceed thresholds and get Marge knocking on the door + +&#x200B; + +* **Larger institutions** brought into scope for IM **in earlier phases were able to absorb the implementation timeline**, build and costs of compliance **in a manner that NISCs for the final phases may not** +* Considering the significant and far-reaching preparations required for the final stages of IM phase-in, NISCs, custodians, middleware providers, counterparty swap dealers and regulators, among others, must engage in immediate dialogue and planning. **Even with the prompt development of implementation plans, effective compliance may not prove achievable for many NISCs**. +* Material operational enhancements will be required, including: in-scope trade identification, synchronization of IM calculations for operational requirements (e.g., time zone effects, **collateral delivery cutoff times, T+1 settlement**), modified workflow related to the implementation, associated testing of the ISDA Standard Initial Margin Model or ISDA SIMM (SIMM) and grid-based calculators, collateral management and funding, standard risk file creation and dispute management processes and collateral funding/management at segregated custodial accounts +* Should NISCs delay final preparations, they will require the attention of key infrastructure components (e.g., dealers, custodians, middleware vendors and consultants) at the same time, congesting industry resources and creating compliance bottlenecks +* Each NISC must develop the capability to identify which trades in a trading relationship are subject to regulatory IM and which are not. The task is complex, particularly when layered upon the already existing calculations for VM (inclusive of tracking exempt legacy portfolios) +* Even with careful preparation and proper resourcing, onboarding will be congested, and firms will face multiple bottlenecks considering the number of participants seeking to exchange regulatory-compliant IM +* **To meet** regulatory IM **requirements**, **NISCs will likely require new and flexible sources of liquidity**. The amount of **collateral** required to be **posted** to and **by NISCs may be substantial** regardless of their IM calculation methodology... +* **The form of collateral can raise as many issues** as the amount of collateral. **Custodians** in the US **are reluctant to accept cash**...**If cash is widely adopted**, however, **it creates complications**. Some NISCs may prefer to post securities which they have on hand, such as equities or corporate bonds. **Equities and corporate bonds, however, may present problems** for the receiving party....**Custodians, swap dealers and NISCs may have trouble conforming to the myriad of regulations** governing non-sovereign security collateral...**Securities may also pose difficulties** in that they are often subject to settlement cycles which may exceed applicable margin settlement requirements +* Phase 1 preparations went to the wire, with many firms working to complete documentation right up to the start date. **Even with the application of appropriate resources, many NISCs will be unable to achieve compliance by their relevant phase-in date** + +&#x200B; + +# What are some of the steps involved for NISC's? + +&#x200B; + +[ISDA](https://www.isda.org/2020/09/16/getting-ready-for-initial-margin-the-steps-to-take/) provides a short--but not exhaustive--list that NISC's will need to check at *least* twice in preparation for IM + +**STEP 1:** Identify in-scope entities early + +**STEP 2:** Make early disclosures to counterparties + +**STEP 3:** Exchange information on compliance + +**STEP 4:** Identify special cases + +**STEP 5:** Establish custodial relationships + +**STEP 6:** Prepare for compliance + +**STEP 7:** Negotiate/execute documentation + +**STEP 8:** Finalize preparations + +\---------------- + +**EDIT**: Shoutout to u/[**shart\_leakage**](https://www.reddit.com/user/shart_leakage/) for pointing out something I completely overlooked making this DD. Prior to her time at ISDA, [Tara Kruse](https://www.linkedin.com/in/tara-kruse-8bb33a8/) was a Managing Director and **Global Head of Credit Derivatives Documentation** at **BEAR STEARNS**!! From 2000 to **2007**!!!! + +[https:\/\/www.linkedin.com\/in\/tara-kruse-8bb33a8\/ ](https://preview.redd.it/0ooo24jhg1f91.png?width=795&format=png&auto=webp&s=8cede2bbbdc078af09da3060e2144e02f75672f1) + +\--------------- + +EDIT # 2: Thanks to u/[**cowboy\_up\_1970**](https://www.reddit.com/user/cowboy_up_1970/) for the great idea of adding ISDA Members to this DD. Something else I also did not think of. List can be found [here](https://www.isda.org/membership/isda-members/). +https://www.cnbc.com/2020/08/21/coronavirus-struggling-retailers-rush-to-file-for-bankruptcy-as-fear-of-a-second-wave-lingers.html + +Industry executives saw what happened to other retailers who filed for bankruptcy in the first few months of the coronavirus outbreak. + +They worry that could happen to them should a second wave of infections hit during the winter months as some medical experts have warned. + +Sporting goods chain Modell’s filed for bankruptcy on March 11 — before the coronavirus put its liquidation plans on hold. +The tone of this subreddit can sometimes be a bit on the moaning side so let's get things a bit more upbeat and explain what proactive plans we have to meet our goals. + +(Note - Waiting for economic collapse is not a plan) +Hello, I am 18 and will be entering college in late August this year as a freshman. As of right now, I have around $4,000 invested in the stock market, and some cash. I work a steady 25-35 hours, making around $600-800, per week, on top of high school. I invest 50% of my income immediately and use the remainder for bills, emergency fund, IRA, and “fun muney” (My term for spending $ on myself for fun). To not confuse anyone, ill get to it. I want to travel to Europe so incredibly bad, specifically Spain and Portugal. My question is if it is ok to remove $ from my investments to help pay for this trip, or if I will regret it in the future? I plan on reducing costs by staying in hostels, cooking my own food, and finding cheap airfare/transportation. I know it is never a good idea to remove $ from investments, but I also have not made any profit in many months thanks to the market. I also, however, don’t want to waste out on a great trip. If you were in my shoes, what would you do? +I’m 23 years old, have a stable income, and have $30K in student loan debt at 4.5% interest. Interest is on hold until November 2021 and by that time I will have enough cash on hand to pay it all off. I’m currently renting and this would push off the possibility of me buying an apartment for a couple years as I would lose down payment money, though I’m not in any real rush to buy. Alternatively I could throw this cash into the market. What would you do in my shoes? Happy to provide more context if wanted. +TL;DR: Owned Nissan Altima 5+ years, 100k+ miles... TCO: $0.39/mile + +I paid off my car loan in November 2017 and decided to see what the actual cost of the car was over the 5+ years that I've owned the vehicle. This was my first big purchase after starting my first job after college. I am an engineer and lived in a very low COL area when I purchased the car, yet gas was very expensive (rural upstate NY). [Here are some pictures to help you understand my explanation.](https://imgur.com/a/9Eo2T) + +**[EDIT]** if you look at the graph and chart linked above, you see that I have a KBB resale value of $9000 (as of 1/26/18) that I factor in to the equation. This is subtracted from the total amount spent and then divided by the total miles to get the TCO/mile + +**2013 Nissan Altima 2.5SL** +Purchased in Burlington, VT but registered in NY + +**Purchase Price & Financing** +Purchase price of the car was $24,349.82 after all of the applicable fees were added to the sticker price. I was very nervous having never bought a car before and was a little nervous negotiating, so I didn't do a very good job of getting the price down. (*Having bought a car with my wife in 2017, I was much more informed and negotiated a better trade-in value of her old car*) I put $4000 down after saving up for several months. Still living on a college student's budget but making engineering money allowed me to have a lot of expendable income that I stowed away to purchase the car. I had minimal credit, so I was given a 4.99% interest rate if I financed the car for 5 years through Nissan. *[EDIT: Payment was $384/mo for 60 months with some months paying extra]* + +* Purchase Price: $24,349.82 (after tax/tag/title/etc) +* Down Payment: $4,000 +* Interest Rate: 4.99% +* Loan Terms: 60 months +* Total Paid: $26,984.30 +* Interest Paid: $2,634.48 + + +**Gas** +Starting day one, I kept a Field Notes Traveling Salesman edition notebook in my center console and logged the date, mileage, $/gal and amount of gas every time that I filled up. Looking back on the graph, you really can see inflection points during some of my major life events (job changes, extended vacations, etc). + +* Total gas used: 4114.286 gal +* Total cost: $10,149.57 +* Avg $/gal: $2.50 +* Avg mpg: 26.2 + + +**Maintenance, Insurance, etc** +I have tried to be very strict with my preventative maintenance on the car so that I can drive it for a loooooong time. I have gotten oil changes every ~6000 miles (full synthetic) and tire rotations on a similar interval. I have had to buy 2 new sets of tires over the 108,000 miles in 5+ years which have included free rotation, balance and nail repair (shout out Discount Tire!). General consumables, I have replaced myself including brake pads, air filters, cabin air filters, broken interior door handle, wiper blades. + +I have had 2 minor non-warranty repairs done on the car over 5 years which were paid for out of pocket.They were: A/C fan clutch & related parts ($1205) and dent on the driver F & R doors from being backed in to ($1318). Having only 1 mechanical failure after 108,000 miles is pretty impressive. + +* Number of oil changes: 19 +* Oil change cost: $1086.90 +* General parts: $334.51 +* Repair - non-warranty: $2522.33 +* Tires: $1254.42 +* Insurance: $7319.71 +* Registration/Inspections: $1144.75 + + +Overall, the Total Cost of Ownership comes out to $42,301.44 (see [graphs](https://imgur.com/a/9Eo2T) for specifics) at time of writing with the odometer reading 108,657. This comes out to a **TCO/mile of $0.39**, which it significantly less than the IRS standard rate. I am happy with my purchase as it has been a very reliable car, **HOWEVER** I do not think that I will purchase a brand new car next time that I am in the market for a vehicle. + +Let me know what you think about my breakdown and my financial decision to buy a new car as a 22yr old individual. + +Sometimes we have just $10 a week for food. Sometimes we have more. Here is a grocery list I made by food priority so that anyone can eat sustainably no matter your budget. Startat 10 and as you go down the list keep adding food until you reach your budget. + +$10 +Bag of rice +Bag of beans +Oatmeal +Peanut butter +Noodles +Tomato sauce + +$20 +(Add) +Whole frozen chicken +Frozen veggies +Bread +Eggs + +$30 +(Add) +Bag of apples or oranges +Bag of potatoes +Milk +Spices and or sugar + +$40 +(Add) +Fresh vegetables + +$50 +(Add) +Ground beef +Spaghetti sauce +Cheese + +$60 +(Add) +Fresh fruit +Flour + +$70 +(Add) +Deli meat +Cooking oil +Sauces (ketchup, mustard, mayo, ranch, ECT) + +$80 +(Add) +More rice +More beans +More frozen veggies + +$90 +(Add) +Snacks +*Crackers +*Nuts +*Cereal + +$100 +(Add) +Sweets +*Juice +*Ice cream +*Whatever sweet thing you've been craving + + +It maybe not perfect and you can tweak it to your needs but I really hope this helps someone. + + + +Sorry that this is a little insensitive. + +Should the real estate market crash and you have a lot of cash on hand, can you still get mortgages with 20% down payment? How about commercial mortgages on residential rental properties? Do they require unreasonably higher rates or higher down payments? +First, for those who don’t know me, I’m the guy that comments and cheers on 98%+ of purple ring posts. I’m xxxx all in GME, 100% DRS. I’m on here many hours a day every single day. I love encouraging and helping others. 🦍💕🦍. If you have questions or concerns, please comment or PM me and I will have, or find, the answer for you. Every single reply to this will get a response. + +#The rate of new CS accounts over time is dropping. + +34,000 in October + +15,000 in November + +17,000 in December + +10,000 in January + +**7-8000 pace in February (6500 month-to-date)** + +My biggest worry about DRS numbers is that once all apes who are going to DRS, do so, the CS account high score will completely stop growing (except for apes still acquiring multiple accounts), and then our DRS total will only increase by the amount of shares existing DRS apes are adding. Then, instead of our numbers growing by 3-4M per month, they will only grow by maybe 500k per month (educated guess). At this reduced rate, it would take several years to lock the float! + +#This is why these 3 things are CRITICAL!! : + +1. The **word about DRS** and GME fundamentals needs to be spread to the masses **outside of Reddit**. If every ape would just try to reach 1 other person and Tweet or comment about DRS outside of Reddit every day, the float would be locked in no time! Twitter, FB, Stocktwits, etc. EVERY APE should do this now!!! I’m tech challenged. I do it, so anybody can. + +2. Apes with money tied up in **other investments could convert those to GME and DRS**. Consider trading in your “other investment” now. It’s the perfect time before the markets tank. Even IF both squeeze, only GME has a turnaround plan that can launch MOASS. +This could also include taking the tax hit if you can or DRSing your IRA. **Tried-and-true new IRA DRS link :** https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf + +3. Apes with shares in brokers that will not DRS, such as **Etoro and T212 : think about selling and re-buying elsewhere!!** They don’t have the shares anyway, so selling and re-buying hurts nothing! Please don’t trust your millions to a broker that won’t DRS! Seriously, go read their TOS. Also, see link at the bottom of this post. + +Great comment from u/mia6ix : +“Shorts aren’t closing positions voluntarily, for one thing. Their whole plan was to never close, and they sure aren’t doing it at $100 or even $50/share. For another thing, shares held in eToro aren’t even traded on the real market. Their TOS makes that clear. Apes who “own” shares at these so-called brokers that won’t allow them to DRS are stuck with a position that probably isn’t even real, and will likely be force-liquidated at the first hint of MOASS. If all those apes dumped these crappy brokers and re-bought shares on the open market AND DRSed them, we’d have the float locked and some real buying pressure, finally.” + +More detail about how I know #1-3 are so critical : + +There is nowhere near 700,000 of us on Superstonk and other GME subs. The vast majority of ‘accounts’ are shills, bots, apes with multiple accounts, and dead accounts. I think it would be generous to say there are even 250,000 apes here. + +On the subject of the number of CS accounts … yes, the high score account number being 1265xx means there are 126,500 account NUMBERS. However, there are many apes with 2 or more CS account numbers. I’ve spoken to many apes that have 3-6 different account numbers! This is exactly why roid_rage_smurf (DRSBOT guy) has added the new CSX feature. PLEASE support this! **Simply go back to your original CS post and comment:** + **!DRSBOT:CSx!** +where x is the number of different CS account numbers you have. +**Important: do this even if you only have 1 account or even if you posted long ago.** Otherwise no data is entered for you and if mostly apes with multiple accounts report, it will skew the CSX data higher/DRS total lower. Help spread the word. You can see in the comments section of each purple circle post whether someone has yet to report CSX number. + +After collecting data from the first **1554** apes that submitted a CSX number, the number of accounts per ape is 1.34. This reduces the 126,500 CS accounts based off of the high score to actually 94,402 “unique-ape-CS accounts”. (Maff=126,500/1.34) +This is why BOT and CS.net numbers were so far off from GameStop’s earnings release number of 5.2M on October 30!! + +#94,402 x 159.95 = 15.1M shares DRS’d. + +This is the current number of accounts per high score 126,500 adjusted/divided by 1.34 because of apes with more than one account, multiplied by DRSBOT average shares per ape: + +Next, all too often I see posts using ~33M as the float, but I’m convinced that is wishful thinking. Existing shares of ~75M minus insider shares of ~12M = 63M shares that probably need to be DRS’d. Do you really think hedgies can’t use NON-DRS shares (institutional, mutual fund, and ETF) to continue their manipulation?!? So, even IF there are actually 250,000 apes on Reddit or that know about DRS, the average number of shares per ape would need to be 252 to lock the 63M. Obviously this will take a much longer time to accomplish. Even if we DRS 4M shares every month from October 31 2021 forward, it would take us until January 2023 to DRS the 63M shares. + +**Etoro screwing an ape:** https://www.reddit.com/r/Superstonk/comments/sutu2v/those_fckrs_closed_all_my_positions_etoro/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf + +**From Fidelity TOS:** +“#10. Modification and Termination +"I agree that Fidelity may modify, change, or discontinue the Services in whole or in part, at any time, which may cause me to lose any notes that I have stored in the Services. I agree that Fidelity may immediately terminate its provision of the Services to me if I breach this Agreement, if I have jeopardized the proper and efficient operation of the Services, or if I engage in activity which is contrary to Fidelity's policies. Any unauthorized use of the Services, whatsoever, shall result in automatic termination of this Agreement. +**Fidelity may revise, modify or amend this Agreement at any time without notice. I understand I should check this Agreement regularly."** + +**One of my Twitter scripts:** https://twitter.com/millertime1216a/status/1495553243014905856?s=21 +**Classic from u/Criand about DRS causing MOASS**: https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf + +This post is meant to be purely motivational and encouraging. I think if and when GameStop releases the CS numbers as of January 29 in their March earnings release, we will be lucky to be at 16M. Don’t wait for that number. **Get to WORK** and spread the word about DRS to the masses outside of Reddit NOW!!! and DRS your max! I don’t trust any broker now. I certainly won’t trust them not to screw us over during MOASS and/or when they’re facing insolvency. Read your broker’s TOS. Would you put $50M in a bank account in your neighbor’s name? Then why would you leave your GME in the DTCC’s name?! I don’t say this to scare anyone, I say this because I love you and want you to get your tendies. + +#Changing the world is what’s at stake!! + +**BE THE CHANGE!!** + +For newer apes, please check out computershared.net by u/jonpro03. + +#TLDR: DRS your max! Spread the word. +#LOCK THE FLOAT!!! + +🦍💕🦍 + +#Edit: Does anyone know why this same post is being deleted on the other sub? +There's been a few posts about using =GOOGLEFINANCE() for tracking. It's not perfect, but does the job well. Wanted to share some points that I learned trying to play with it. + +* =GOOGLEFINANCE() can be used for live stock price, day change and day change %. Using these three, you can build the whole portfolio. +* Using **=SPARKLINE()** along with it was the real game changer for me. Use =SPARKLINE(GoogleFinance("<ticker>", "price", TODAY()-30, TODAY())) for past 30day trendline +* [This is how my tracker looks](https://imgur.com/i3uNWUh.png) (screenshot with dummy buy-price/ticker data) +* Ensure you use "BOM:XXX" or "NSE:XXX" to track specific market. Keep in mind - no space after "BOM:" or "NSE:" +* MFs can be tracked too, but only yesterday's NAV. ex. For UTI Nifty Index Fund - use "**MUTF_IN:UTI_NIFT_INDE_1WY9RIJ**" as ticker + +What it cannot do + +* No intraday SPARKLINE +* No MF SPARKLINE +* It's not quite _live_ data. There's always some (varying) delay. + + +Any other pointers or tips from the group? I'd certainly like to learn more here. +After my comment in this thread https://www.reddit.com/r/algotrading/comments/8aku6a/mentorsomeone_i_can_ask_stupid_questions_to/?ref=share&ref_source=link + +I got a bunch of PM's and I thought it might be easier just to do a thread. Ask away! All questions on trading, programming, ML, career and life are welcome! +How did that steam roller feel? + +/u/dreamkasper2001 + +> I was married and have a kid. I had a decent job and life. Didn’t last long though. I had a dispute with my wife and she filed for a divorce. + +> I’ll leave out the personal details, but due to some mistakes, I ended up losing the case, and was almost broke + +> Anyways, after that being that low in life, I really had nothing to lose and started trading. I decided to learn everything I could about managing finances, investing etc. + +> I spent every bit of my free time on reading articles, books or even scrolling through insta pages. Well,it's been nearly 6 months now and the progress I have made is incredible. + +> I make anywhere from $9k-$12k every month from trading alone. I have left my job and trade full time now. + +> To everybody who is afraid of getting started or doesn't want to risk losing money. Just Start. The best time to start was Yesterday, the second best time is NOW. + +> I Believe in you. +In case you're wondering why all the weed stocks were smoking today. + + +**Federal legalization up for vote next week.** + +The House is set to vote on federally legalizing marijuana for the second time in history. The Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) previously passed the House in a 228 to 164 vote, as five Republican lawmakers joined Democratic lawmakers in passing this bill. + +**Weeding out the competition** + +There are a lot of contenders vying for a foothold in the space. The industry is made up of a wide range of companies involved in each step of the medical and recreational marijuana supply chain. + + +* Canopy Growth‘s shares jumped as sales of its other products helped offset a year-over-year decline in Canadian sales of marijuana. +* Tilray, another Canadian marijuana producer, cut costs and reported surprise profits in the last quarter. Analysts are forecasting an increase of 48% over the next year for Tilray. + +**Last time they tried to legalize in 2020,** but after passing the House it died in committee. Weed stocks are in double digits with the news now, but if the bill does not pass, share prices are sure to reset. + +**TL;DR** May be time to invest in cannabis, but choose your companies wisely and hedge your bets. + +**My strategy on $TLRY** 61.4% Win probability +Make up to 58.8% (74.9% annualized) +42% cushion +Breakeven $3.96 + +Invest $1196.62 +Buy 2 $7 calls +Sell 2 $10 calls, 2 $4 puts, 1 $5 put +Exp 1/20/23 + +**Deeper dive (video) on Yahoo Finance:** [Cannabis stocks rise amid potential federal legalization vote](https://finance.yahoo.com/video/cannabis-stocks-rise-amid-potential-211215443.html) +I'm a 20yo college student attempting to file for unemployment in MI. I entered all my information into the unemployment website, and someone else popped up from my social security number. It looks like they were denied a claim in 2017. I have tried calling numerous unemployment lines and tried the online chat, but all say to come back at a later time as the lines are busy. + +I don't know if my identity has been stolen and if I can get this fixed in order to file. I have no idea where to even begin to get this taken care of. The unemployment site gives me their full name, address, and phone number so I know exactly who it is, but who do I go to? There is no fraudulent activity in my bank accounts as far as I know, but I'm concerned that I wont be able to file. I have had to use my ssn for job, school, and taxes all since 2017 so I also don't know how this never got brought up. Please help! + +UPDATE: I have completed my filing successfully and have changed all the MiWAM information to my own. The only information left from the other person is the actual name, as they have asked for legal proof that I have changed my name (I haven’t). I plan to contact my bank as well as trans union for any information they can provide. I will also continue to harass the unemployment automated menu to try to speak to a human in order to get that name corrected. + +Thank you all, this has been extremely helpful! +**Fellow apes I like many of you have fucked up and have been on robinhood up until now. I too was scared of missing out on the squeeze for fear of a long transfer date.** + +**During my ride out of robinhood I aquired over 10+ hours of phone time with over a dozen Fidelity reps. I took that time to make sure I ask all the questions I need to make sure my transfer and yours COMPLETE AS FAST AS PHYSICALLY POSSIBLE** + +**1: Partial transfers will always be faster then entire account transfers** + +**2: Transfers in whole numbers are faster then transferring fractional** + +**3: Having the 75 transfer fee in cash on your RH account before submitting your transfer speeds up the process. However even if you don't have any cash in your RH account fidelity will front the bill and debit your account after the transfer** + +**4: Stay on top of your transfer status and look out for anything they might need from you. It's uncommon but things may go wrong and they may require you to update info or something else depending on your case** + +**5: ALL SHARES COMING FROM ROBINHOOD WILL BE ON MARGIN BY DEFAULT WHEN THEY TRANSFER INTO YOUR FIDELITY ACCOUNT** + + **(SEVERAL DIFFERENT REPRESENTATIVES HAVE TOLD ME THAT IN ROBINHOODS TERMS OF SERVICE YOU AGREE TO YOUR ACCOUNT BEING A MARGIN ACCOUNT EVEN IF YOU SWITCH IT OFF)** + +**AS SOON AS YOU SEE YOUR TRANSFER COMPLETED AND THE SHARES ARE IN YOUR ACCOUNT, YOU MUST CALL FIDELITY AND REQUEST THE SHARES BE TAKEN OFF MARGIN. THIS USUALLY HAPPENS INSTANTLY BUT IT TAKES YOUR SHARES 24 HOURS TO SETTLE AFTER A TRANSFER, THAT IS WHEN YOU CAN EXPECT THEM TO BE OFF MARGIN.** + + +**GO YOU BEAUTIFUL SMOOTH BRAINS, FLY OUT OF ROBINHOOD ASAP!!!! I WISH YOU LUCK** + +🚀🚀🚀🚀🥺💎🙌 + +Edit: **wow bots are attacking this post with downvotes already** + +Edit:**Transfers only start on business days so mine officially started monday and was in my account by tuesday evening. TAKING ABOUT 36 HOURS TO TRANSFER** + +Edit: **If you transfer assets worth 25k or more fidelity will cover your transfer fee for you** + +Edit: **If you have deposits waiting to settle (when you use instant deposits on rh) this will also cause your transfer to delay** + +Edit: **Once your shares are transferred over it could take up to 30 days for the cost basis to appear, and even then it may not be accurate. It'd be best to save a screenshot of your cost basis before the transfer so you can have an accurate number!** +Hey first time posting on here so please excuse formatting. Yesterday I went into a car dealership to look at a 2016 Subaru WRX with about 40k miles. I was offered a test drive with one of the sale members coming with. I drove it for around a total of ten minutes and maybe a few miles around the block. I am somewhat new to manual transmission which I stated before the test drive and they said that was totally okay. I drove very carefully and did not redline the car at all or stall it once. Once or twice I struggled to find my gear but that was it. Upon returning we talked numbers and I ended up buying the car and doing the 3 plus hours of paper work included. They said they were going to go fill the car up with gas and that I was good to take it. At this point all paper work was signed, and I had also put on a lifetime "bumper to bumper" warranty on there that they said would cover anything beside cosmetic damage for the life of the car. + +Anyway I wait for probably another hour before someone comes up to me and says hey there's been an issue and the clutch is stuck on your car. After some discussion they say they are loaning me a rental car for free and will have the clutch replaced soon on it. I ask them if they are covering the repair and they say yes of course we are. Well that was yesterday and today I get a call from one of the managers saying that the clutch is repaired but that I have to pay for the repair (3000$) because they claim it's my fault it broke. I told them that a ten minute harmless test drive that one of your reps was along for certainly could not have caused the clutch to go out. I told them I wouldn't be paying for it. They said they'd call me back with a solution but then never did. I feel trapped into this contract and have already put a lot of money down on the car. Am I fucked? Is there anyone to turn to for this? This was my first experience it at a car dealership and it's honestly become a nightmare. Any advice helps thank you so much. + +*RESOLVED* +Went in this morning and broke the contract and got my down payment back! Thank so much for all the responses this ended up being a huge resource and made me feel like I was in the clear to break the contract! Thanks Reddit hopefully this is all cleared up and they don't pull anything else! +First off I bet you are wondering how you could possibly have a DD post on a tweet. Well, the tweet in question is the one tweet from DFV that I believe he was trying to drop us a major hint on what he is looking at. But nobody here seemed to ever be able to decipher it. + +I believe I have deciphered it, and you won't believe what I found after months of pondering this tweet. This is not just simply confirmation bias. This is decoding the tweet and then researching what data we have to support it. + +[DFV Tweet 4\/9](https://preview.redd.it/ry2vy4qod6071.png?width=1500&format=png&auto=webp&s=fd5a55a8bc9c62e44a77a303d34dfd529527df16) + +# First, we will start off with the obvious. + +Edit: [But also first, I discovered something not so obvious. The cards shown are directly cropped from google images. However, I still believe they can mean something, and well if I'm wrong then at least you got to join me in tin foil hat land for a minute.](https://www.reddit.com/r/Superstonk/comments/mo1pfh/i_am_here_to_burst_your_bubble_analysing_dfvs/) + +On the table of cards already played (which represents the past), we have in the order they would have been played: + +Green reverse = Stonk rises + +2 = February + +2,4 = 24th + +WILD CARD = The definition of a wild card outside of UNO is, "a person or thing whose influence is unpredictable or whose qualities are uncertain." This could have several meanings in this context, but I'll leave that up to you. Read on later and help me decide. + +So what's the final message on the table? The stock had a large price rise on 2/24 due to the unknown entity (citadel/shorters I'm guessing), or outside force. I think this is an easy message to draw from this. + +# Next, we move onto the cards in the cat's hand. + +Edit: [It has come to my attention that this image was used in the cats hand. Therefore, the cards were not hand picked by DFV.](https://www.reddit.com/r/Superstonk/comments/ngoodu/dfvs_cat_uno_tweet_and_what_he_was_trying_to_tell/gys2o81?utm_source=share&utm_medium=web2x&context=3) + +I am pretty certain these are meant to be read left to right. So we have: + +\+21 = To me this clearly references the 21 FTD cycle as 2/24 mentioned in the cards already played was the first FTD reset and the 21 FTD cycle is one of the bigger things we look at on this sub. + +WILD CARD = Same meaning from above. Unknown entity influence (possibly Citadel/shorters) + +Now this is where I struggled for the longest time. Next, we have a 6 and a draw 4 (+4). I really think the simplest explanation is the best one here. I believe it literally means 6 + 4 = 10. I couldn't figure out why the number 10 for the longest time until I started playing around with the chart. Stay with me here. + +https://preview.redd.it/qmoreqqd76071.png?width=1098&format=png&auto=webp&s=ec0c0366247992faf94ab7cbf211810b8c26bdce + +The blue lines are the 21 day FTD cycle, and the orange lines are the 21+10 days. I believe DFV is pointing out the 21 day FTD cycle that ended/started on 2/24, and that on the 10th day after we had a huge hit down in price. + +What really makes this interesting, is the day DFV tweeted the cats playing UNO. + +**DFV tweeted the cats playing UNO on 4/9, the second time we hit the 21 day FTD cycle +10 days**. I believe he did so because he had a theory, and once proven gave us this massive cryptic hint. + +Also: + +[Look what else he posted on 4\/9 just before the cats playing UNO. \\"What do we say to the god of death?\\" \\"Not today\\"](https://preview.redd.it/5vrxppelu6071.png?width=601&format=png&auto=webp&s=cdb18a8d1ee30766089a85b6fca74d146e6fadd9) + +&#x200B; + +So this really got me thinking. What the hell is happening on these +10 days? + +They are all days we saw, relative to the time period, massive attacks on the price. Why would we see attacks on the price so periodically? Well, I believe it's to meet some kind of risk/capital/margin requirement by lowering the price so that the calculation isn't underwater. + +https://preview.redd.it/cm5dqotls6071.png?width=1097&format=png&auto=webp&s=4b8f60ce431b48363529cac6941ae5483c43b78e + +If we assume that the orange days are the days they need to meet risk requirements in order to avoid a margin call, then we can also assume that the lows on those days are the number they needed the stock at to avoid liquidation from too much risk. For shits and giggles, trending this, we get the pink line. + +# Which I found stunning that it plotted a straight line. + +The yellow line is the higher lows. This is where the support from retail buying and holding can be tracked. + +I find it frankly amazing that **the intersection of these two is right around 5/10 when we broke out of our major 5-month wedge** that I'm sure you've all heard about. Since then we have been stair-stepping upwards in a really nice way. + +My takeaway? **I believe the hedge funds have been overrun. They no longer have the capacity to keep the price down at the level they need in order to meet their risk requirements to avoid liquidation.** + +Now, I bet you are wondering what is the risk requirement they are needing to meet on these days. I am also wondering this myself, and I believe I may have an answer, but I am not well versed in the area of the trading matrix, and its rules and obligations. So I really would like to see if anyone can expand on this or has a different explanation. + +# The Liquidation Horizon + +There is one particular rule that I found about a 10-day Liquidation Horizon that is enforced by the [International Derivatives and Swaps Association (ISDA)](https://en.wikipedia.org/wiki/International_Swaps_and_Derivatives_Association). As the name suggests, this is an organization that facilitates and monitors derivative and swap transactions. ISDA has more than 925 members in 75 countries; its membership consists of derivatives dealers, service providers, and end-users. Googling Citadel and ISDA shows that Citadel definitely uses them, but beyond that, I'm a bit lost. + +**The Liquidation Horizon rule deals with Non-Cleared OTC Derivatives.** + +So firstly, What is a non-cleared OTC Derivative? + +[A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates, and market indexes. Depending on where derivatives trade, they can be classified as over-the-counter or exchange-traded (listed).](https://www.investopedia.com/ask/answers/052815/what-overthecounter-derivative.asp) + +Non-Clearing simply means that a clearinghouse is not used for the transaction and therefore you can (from my understanding), for lack of better words, bounce checks. + +So to sum up, it's OTC transactions that are privately facilitated between both parties without the use of a clearinghouse. + +# Back to the Liquidation Horizon. + +These are some snippets [from here](http://assets.isda.org/media/7dd1c040/8cc1a146-pdf/), and the author points out some of the problems with the current 10-Day Horizon. Worth the full read. + +*" The BCBS-IOSCO guidelines (BCBS-IOSCO, 2015) define the Initial Margin requirement as an amount that “covers potential future exposure for the expected time between the last variable margin exchange and the liquidation of positions on the default of a counterparty”. It is further specified that the calculation of this potential future exposure “should reflect an extreme but plausible estimate of an increase in the value of the instrument that is consistent with a one-tailed 99% confidence interval over a 10-day horizon, based on historical data that incorporates a period of significant financial stress.* + +*The guidelines propose two methods for computing Initial Margin requirements for non-cleared derivatives. The first method, called the standard schedule approach, computes Initial Margin proportionally to the notional size of the contract, applying precalibrated weights linked to the type and maturity of each asset. These weights represent conservative estimates for the 10-day 99% loss quantile for a directional position in a typical index in each asset class.* + +*Regardless of how these weights have been calibrated, such an approach is clearly not risk-sensitive: it does not properly account for netting and hedging effects, nor does it distinguish between an at-the-money option from a deep out-of-the-money one. It therefore typically leads to an overestimation of margin requirements and, more importantly, as the level of Initial Margin does not vary proportionally with any reasonable risk measure of the position, it does not provide the correct risk management incentives to the counterparties. Presumably, its main purpose is to serve as a (costly) fallback option and motivate market participants to use the alternative internal model approach."* + +Options you say? Hmmm... last time I checked hedge funds were hiding their FTD's in options contracts because the question of where the underlying stocks are is never asked by the counter-party in the transaction. + +Another interesting quote is the one below. Could this also have to do with margin requirements with the banks? + +*"Although the choice of the internal model is left to market participants, the horizon of the calculation, sometimes designated as the margin period of risk (MPOR), is not: it is fixed to 10 days, which is twice the horizon used for centrally cleared swap contracts (5 days). The rationale for this choice can be traced back to the minimum risk horizon of 10 days used in the Fundamental Review of the Trading Book (FRTB) guidelines (BCBS, 2014) for the determination of bank capital requirements.* + +*As explicitly stated in the CFTC final rules: “To the extent that related capital rules which also mitigate counterparty credit risk similarly require a 10-day close-out period assumption, the Commission’s view is that a 10-day close-out period assumption for margin purposes is appropriate.” It is noteworthy that the referenced capital rules do not offer a rationale for the choice of a 10-day horizon. "* + +# Continuing on... + +*" As pointed out in (Avellaneda & Cont, 2013) and (Cont, 2015),* ***the appropriate closeout horizon for a position depends on the size of the position relative to the daily trading volume or, for an OTC contract, the typical trade size.*** *For example, if the size of the position is of the order of magnitude of a typical trade or less than, say, 10% of daily volume, it may be feasible to unwind it in a single day. On the other hand, if a market participant has accumulated a very large position in some instrument, corresponding to, say, 5 times the average daily trading volume, it may not be feasible to unwind it in 5 or even 10 days, whether or not this instrument is cleared by a CCP. So, the determinant of the liquidation horizon is not the ‘market liquidity’ of the asset viewed in isolation, but the size of the position relative to the market depth. Such examples of large concentrated positions are not hypothetical and have been associated with large liquidation losses in financial institutions (see e.g. Cont & Wagalath, 2016). "* + +Read that again, "***the appropriate closeout horizon for a position depends on the size of the position relative to the daily trading volume or, for an OTC contract, the typical trade size."*** + +Ya know, I kinda recall seeing a few posts about [low trade size in OTC markets](https://www.reddit.com/r/Superstonk/comments/n5qp96/ama_followup/)... /s + +[Courtesy of David Lauer himself](https://preview.redd.it/k38yriexm6071.png?width=1219&format=png&auto=webp&s=17a23251a3ad9f0e7ed4bed54a8b23485b3610f4) + +u/dlauer notes that the overall volume of OTC has not increased, however, the transaction size has dropped massively. **According to the calculation to determine OTC risk, the smaller the trades, the less margin requirement you will have.** + +So what happens when a party does not meet the requirement of the liquidation horizon calculation? + +*" When a clearing participant in a CCP defaults, the default management procedure requires the CCP to liquidate the position of the defaulted clearing participant, usually through an auction procedure. The liquidation horizon considered for IM calculations is supposed to correspond to the duration required for the CCP to take notice of the default and set up the auction process. The auction usually needs to take place in the week following the default event and the CCP does not have the option of retaining these positions beyond the liquidation horizon, as stipulated in the CCP’s default management procedure. Any market loss incurred on the positions of the defaulted member between the default date and the liquidation date thus flows to the CCP. Therefore, a measure of the market risk exposure of the member’s portfolio over the liquidation horizon, for example using a 99% VaR or expected shortfall measure, seems a reasonable basis for quantifying the actual exposure of the CCP during closeout. Indeed, this approach is used by many CCPs for computing IM. "* + +I am going to have to cut this short as I could keep going down this rabbit hole longer, but I think I have shown some interesting things to think about. Again, I am not well versed in the gears that turn the machine, so please take the Liquidation Horizon thing with a grain of salt until more wrinkly-brained apes chime in. + +# Summary: + +Unfortunately, I am really unsure on how to wrap this up into a TLDR as the bit about the Liquidation Horizon is something I've just been looking into today. That being said, there does seem to be quite a bit of empirical evidence that backs up DFV's tweet, and the conjecture from the Liquidation Horizon does seem to back up David Lauer's data. I know it is a bit of a bland read in the second half, but trust me it's worth the read. + +It seems clear to me that Citadel and friends no longer have the ability to keep the price down enough in order to meet their margin requirements for their OTC derivatives. Therefore, they may be subject to liquidation of their options positions. + +I am completely open to *constructive* criticism and if anything in here is proven to be wrong, I will make edits as best as I can. I'm just some dude. + +Edit 1: For some extra tit-jacking, here is [Ryan Cohens Tweet from today.](https://twitter.com/ryancohen/status/1395047208748261379) A heart emoji. Also expressed as < 3, or in English, less than three. Less than 3 what, Ryan? Tradng Days? + +Tit-jacking edit 2: [Here is RC's tweet referencing 10 days.](https://www.reddit.com/r/Superstonk/comments/ngoodu/dfvs_cat_uno_tweet_and_what_he_was_trying_to_tell/gys6tey?utm_source=share&utm_medium=web2x&context=3) +Hi all, + +Recently had an encounter with a customer at work who was in real estate. After expressing my interest in the subject, he gave me some advice on how he got started and I wanted to see what you guys thought. + +1. Started property management LLC +2. With LLC, qualified for an FHA +3. Used small business grant to take care of all upfront cost. +4. Due to FHA, he lived in duplex for a year. +5. Income of additional unit allowed him to live rent free +6. Living rent free allowed him to save for more properties + +This was his said, strategy to get started. I'm too green in the industry to know if this strategy is viable +Excerpts: + +>Finance minister Arun Jaitley may double the income tax exemption threshold from the present ₹2.5 lakh to ₹5 lakh, according to an IANS report. Jaitley may also reinstate tax-free status for medical expenses and transport allowance, the news agency reported quoting government sources. +> +>Doubling the income tax exemption limit to ₹5 lakh is a major demand made by the Confederation of Indian Industry (CII), as reported by PTI. The industry chamber has also sought an increase in the deduction under Section 80C to ₹2.50 lakh to incentivise savings. +> +>The CII’s pre-budget recommendations to the finance ministry also include the suggestion of lowering the highest personal income tax rate to 25% from 30% and allowing exemptions for medical expenses and transport allowance. + +*Livemint* [story](https://www.livemint.com/Companies/IWmkoDI1lDCy6f7ZN3uUDN/Interim-budget-2019-income-tax-expectation-prediction.html). +I am bequeathed ~$50,000 USD from a late relative. I would like to set aside a good portion for my daughter to go to college but that’s a long way off from now. How can I best utilize this money to grow safely. I currently make 60k/yr and my wife ~55k/yr. We don’t live outside our means and have no outstanding debt besides a car we purchased last year. Any advice would be greatly appreciated, thanks in advance. +Since the just-above-junk loan happened, shares begin appearing in larger numbers in iborrowdesk, FUD ramps up noticeably, the cost to borrow has moved down (small bump up today though), the anti-GME sentiment and mockery in wasabi ramps up dramatically, and the stock price moves down again steadily. + +These are the things I've noticed. How else is Citadel blowing their new loan money? What have you guys noticed? +The S&P 500, currently at 3800, has a P/E ratio of around 19 and a half, down from the 30+ it was last year. If we revert to the mean of 15 in terms of PE, we’re looking at a 25% drop from here which takes us to 2850. The scenario of complete reversion to the mean is tied to a 30 year treasury yield reverting to its long term average of 6.29%, which seems unlikely unless inflation expectations really get out of control in the next years. +So let’s say this is the worst case scenario. + +Then we have earnings contraction, latest estimates by Goldman are around 11% in the next 2 years. +That would take us from 2850 to 2536. + +Would you consider 2500 a good approximation for a worst case scenario, in which earnings come down and inflation is not tamed? + +I am wondering when to enter this market in a major way, and 3200 seems like a good point to start averaging down. In my mind, if the worst case is to 2500, it is a 22% decline from 3200, very bearable psichologically. +My investment time horizon is 20+ years, so not too worried about the incoming recession. Not trying to pick the bottom, just curious about how bad things can get. +Self explanatory. I was diagnosed last week. I have about 2000 in savings. I need 700 a month for rent, 250 for my car and make 1400 a month. I cannot pay for treatment or further diagnosis to find out the scope of it. Family is not an option. Nor do I have any friends that are willing to help or I want to put the burden on. Additional jobs are not an option either as my doctor has advised me that Chemo will take a lot of of me and I will need extended rest, which also leads me to believe that I will also see less income for less hours worked. Is there anything I can really do besides going massively into debt? I have a market place insurance plan but only the absolute cheapest available to me. + +Edit: I would like to note, I am seeking help here. I recieved three PM's telling me to fuck off. This is a throwaway account. I don't care. + +Edit 2: To prevent any wasted time or repetition, I am mostly understanding that just say fuck it to the bills. Seek help from local charities, support groups, even some local colleges around me. It's my life. Get the treatments I need. Look into disability, and get every little thing recorded. In addition, I am so young that I can recover from any financial things like bankruptcy. Thank you so much everyone for everything. You are all amazing people and I wish you all the best in the world. + +Edit 3: Good morning everyone. I want to say this again, thank you so much. I had well over 300 messages this morning in the form of replies and PM's. Almost all were so supportive, informative or gave me a new perspective on this. For this, I truly thank you. I have gotten in contact with several agencies and charities and local support groups. I have heard back from some of the local ones and one larger charity. I also talked with my boss about this. They said that they will always have a place for me, but will not pay me for work not performed. Which is totally fair. I have an appointment on Tuesday to really find the scope of this and start getting so things in the pipeline to get treatment. Life is more important than money. Crazy concept right? It is just scary. Seeing that this could easily cost $100,000+ and worrying how life would be after treatment. Damaged body and Bill collectors harassing me made it seem not even worth it to fight. There are way too many replies for me to get to, but please know I read every single word from each and a few of them made me tear up. Anyways I guess this is to much mushy stuff for the personal finance sub, so I will end it there. I was going to delete this profile, but after seeing the support maybe someone else can kind the info as I did later. Once this kinda dies down, mods you can go ahead and lock this. + +Edit4: Mods, you are really on top of this. Post is locked. + +Edit 5: I am still going to log on to this account pretty regularly for the next couple days. Still a flood of messages. Please know I am still reading every word you send my way. +Even if you win in a 50/50 match you still will lose $35K. I just wonder who is stupid enough to do this. You think this is the end? + +&#x200B; + +[Pretty awesome deal huh? It will be worthless after playing Basketball game keep this in mind](https://preview.redd.it/r070po96iql81.jpg?width=837&format=pjpg&auto=webp&s=dff873094c6ce2dc310ba7dd2c709ea85a305cc9) + +Wait this is not the end, in another NFT you can also watch a movie with him just by paying $35K. + +&#x200B; + +[$35K for a goddamn movie?](https://preview.redd.it/zivr7abiiql81.jpg?width=445&format=pjpg&auto=webp&s=c3a5098d4c430326983b8352618c0b7fc7e67adb) + +You can also have Balls shaving experience with him, Price? Well only for $100K. + +&#x200B; + +[I have no idea who in the hell would do this.](https://preview.redd.it/1izcqozpiql81.jpg?width=1121&format=pjpg&auto=webp&s=5758faa9aa64aa22cf16958642ec38fb74c8ceaf) + +[Here are rest of the deals.](https://preview.redd.it/rj7ak420jql81.jpg?width=1753&format=pjpg&auto=webp&s=9e79c32cee412480555d3ceb6cc6dda81d31f455) + +Please stay away from these so called celebrities they are not your friends. They are scamming their own fanbase. They are nothing but bunch of scammers. + +He's also involved in fake giveaways which were never given to his followers. + +&#x200B; + +[One of the examples.](https://preview.redd.it/c1vb6inkjql81.jpg?width=1283&format=pjpg&auto=webp&s=20241dd9f4133d864d99c116a461c93c181b83b6) + +[He never replied.](https://preview.redd.it/2hro9r1qjql81.jpg?width=485&format=pjpg&auto=webp&s=b5110cececc00123f0a6c5f4472c5a1496e08a15) + +[his BTC address shows he has 0 transactions.](https://preview.redd.it/ctk0v2dujql81.jpg?width=1283&format=pjpg&auto=webp&s=3e26288413f4578539c42b86a64a00f7ba40e760) + + +Source: [https://twitter.com/coffeebreak\_YT/status/1500213278609481729](https://twitter.com/coffeebreak_YT/status/1500213278609481729) +New to theta gang, this is the one thing holding me back. I understand when the market is flat you can get more out of selling puts, but in bull runs like we’ve seen since March 2020, wouldn’t you have made more holding shares than CSPs or wheeling? Do most of you do this in addition to long positions for income, or is it your sole strategy? +Hello, first time poster. + +For those interested, I wrote a (dirty) Python script to scrape the pair (IV, IV/HV) and return the Pareto front of high IVs and high IV/HV. Note that often these stocks returned have earnings soon.. So be sure to double check that when you see juicy high numbers. + +[https://github.com/pinouche/algo\_trading/blob/main/scrapping\_value.ipynb](https://github.com/pinouche/algo_trading/blob/main/scrapping_value.ipynb) + +I hope that can be helpful. + +&#x200B; + +Personally, I only use this script to screen the following stocks: + +\["AAPL", "GOOG", "AMZN", "AMD", "NVDA", "FB", "TSLA", "MSFT", "SHOP", "PYPL", "SQ", "JPM", "QCOM"\] + +I found that too much IV is not good and if you sell options consistently, lower IV with more predictability will be better in the long run. +copying text from post by /[u/fightforthefuture](https://www.reddit.com/user/fightforthefuture/): + +**RED ALERT: The Senate is about to vote on a bill that could kill crypto** + +This is a red alert. A provision that’s so [poorly](https://www.techdirt.com/articles/20210802/17045447294/bidens-infrastructure-bill-shouldnt-undermine-cryptocurrency-infrastructure-process.shtml) written it could crush the cryptocurrency ecosystem and dramatically expand US government [surveillance](https://www.eff.org/deeplinks/2021/08/cryptocurrency-surveillance-provision-buried-infrastructure-bill-disaster-digital) has been added to the must-pass bipartisan infrastructure package at the last minute. Fortunately, Senators Wyden, Toomey, and Lummis have introduced an amendment that would fix the language and clarify that the expansion of the definition of a “broker” doesn’t apply to open source software developers or validators like miners or stakers. + +**Call your Senators right now at 517-200-9518. We'll connect you to their offices and guide you through the process.** + +**When a staff member answers, tell them:** + +**“Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”** +Hey people, + +I’d love to know about the journey on which you’ve been on throughout your trading career. I want to hear it all, whether you’ve been doing it for 16 years or just the 1! Tell me if you’re now a full time trader. I look forward to it! +This reminds me of the post "CITADEL NOW OWNS ETORO! GET OUT NOW!!!" that tried to get people to sell their GME shares with complete bullshit reasoning. + +A lot of people fell for it yesterday when they thought they could "vote" on NSCC-2021-801, and instead sent thousands of comments that they have to read, possibly delaying its enactment. Stop falling for it. On the bright side, I know for sure they really don't want NSCC-2021-801 to pass, so that's something I guess. Not financial advice. + +Diamond fucking hands. 💎🙌 + + +I have been pondering over the underlying disadvantages of stock overlapping due to with multiple MFs in the portfolio. Honestly, I didn't see much problem in it. Consider a hypothetical situation where I have 40k to invest in large cap or bluechip equity MFs (active funds only). Now, in general, no mf consistently tops in the return so to average out various risks, I decide to invest 40k in 4 different well known AMCs funds (10k each) instead of putting all 40k in one fund. + +Many will say, there would be too much overlapping of stocks as most of the large cap stocks will be common in two or more funds. But what's the issue in that? Anyway all my 40k is going to be invested in few large companies only, how does it matter if it is invested through one fund or more funds? On the contrary, I have averaged out the risk by selecting more funds. + +By investing in multiple funds, I get + +\- Multiple entry and/or exit points for the overlapping stocks as each fund manager have different philosophy (due to which risk and returns are both averaged out) + +\- Different ratios of each stocks (if one manager sells and other buys/holds then risk and returns are automatically averaged out) + +\- Exposure to more number of uncommon stocks (compared to investing only in one fund) + +Then why it is said that overlapping of stocks due to multiple funds in portfolio is a bad thing? + +Am I missing something? + +Note: Please don't deviate from the topic by suggesting to invest in index fund than active funds etc. +Noob here, be kind pls. + +Let's say I get a home loan if 1 crores. Why wouldn't I keep the monthly emi as low as possible and the loan repayment duration really long? + +The thought process behind this idea is that the inflation will help me repay my debt. The value of 1 crore + interest today will definitely be not the same 30 years from now. I know that longer the duration, higher would be the interest amount I pay over a long run, but I believe that it is more important to keep monthly costs lower. + +When I reach a point where I am financially well enough, I can start making payments towards my principal. +In October of 2018, /u/Mr_Suzan was inspired by a post from /u/galloog1 to seek out underrated stock picks from the /r/investing community and monitor their performance. + + +Post-COVID bounce, I wanted to see how these picks have performed, so I've gathered them all here. + +A few of these have earnings posting soon, so the ranks may change, but overall it looks like a solid performance by the community. Any new underrated stocks to think about? + +&nbsp; + +# Some quick stats: + +- Overall average return: ~33% (compared to ~18% for the S&P 500) + +- Equal rated return: ~50% (as pointed out by /u/csp256) + +- Return on the most upvoted pick: Disney (DIS) 1% + +- Highest returning pick: Enphase (ENPH) 1110% (recommended by /u/williemax) + +- If you invested in the top 5 most upvoted stocks, you would have seen a 27% return + +- If you invested in the top 5 most controversial stocks, you would have seen a 99% return + +- The top 10 gainers in order were ENPH, TSLA, APT, DXCM, OKTA, AYX, BAND, ALU, WIX, LRCX + +- If you had picked one of these stocks at random, you would have had a ~53% chance of >10% gains and a ~19% chance of >100% gains + +&nbsp; + +If you'd like to participate in the next round, I've opened up a new survey here: +[https://www.reddit.com/i2thge/](https://www.reddit.com/i2thge/) + +&nbsp; + +# The full list of picks and performance: + +|**Company**|**Symbol**|**10/2/18**|**07/31/20**|**Increase**|**Provided by**| +:--|:--|--:|--:|--:|:--| +|Enphase Energy|ENPH|$4.99|$60.36|1110%|/u/williemax| +|Tesla|TSLA|$310.70|$1,430.76|360%|/u/saffir| +|AfterPay Touch Group|APT|$17.82|$68.54|285%|/u/Shapebuster| +|DexCom|DXCM|$126.14|$435.54|245%|/u/shrimp_coat| +|Okta Inc|OKTA|$68.27|$220.98|224%|/u/abscondphilic| +|Alteryx|AYX|$55.06|$175.49|219%|/u/Kme2, /u/HouseCatAD| +|Bandwidth Inc|BAND|$53.40|$144.78|171%|/u/flatech| +|Altium|ALU|$26.56|$72.00|171%|/u/Shapebuster| +|Wixcom|WIX|$111.96|$290.48|159%|/u/vidro3| +|Lam Research Corp|LRCX|$151.08|$377.16|150%|/u/mokkar1| +|Advanced Micro Devices|AMD|$31.42|$77.43|146%|/u/Lenwe_Calmacil, /u/the-coolest-loser| +|Etsy Inc|ETSY|$48.14|$118.38|146%|/u/abscondphilic| +|LGI Homes Inc|LGIH|$46.41|$114.11|146%|/u/stenlis| +|Apple Inc|AAPL|$227.26|$425.04|87%|/u/Mr_Find_Value| +|Microsoft|MSFT|$115.61|$205.01|77%|/u/mikwow| +|Tencent Holdings|TCEHY|$40.46|$68.49|69%|/u/DesignPrime| +|Galapagos NV|GLPG|$110.65|$184.14|66%|/u/Salmonbunny| +|American Outdoor Brands Inc|SWBI|$14.43|$23.89|66%|deleted| +|Amazon Com Inc|AMZN|$1,981.42|$3,164.68|60%|/u/zegna000| +|McCormick &amp; Co Inc|MKC|$134.34|$194.90|45%|/u/mwrowe92| +|CSL Limited|CSL|$198.52|$270.10|36%|deleted| +|Intuit Inc|INTU|$227.72|$306.37|35%|/u/RJCoxy| +|Square Company|SQ|$97.83|$129.85|33%|/u/clearyb123, /u/nickynickynicknick| +|Illinois Tool Works|ITW|$143.14|$184.99|29%|/u/hokageace| +|First Data Corp|FISV|$23.79|$30.24|27%|/u/black_ravenous| +|Visa|V|$150.79|$190.40|26%|/u/Devout_Athiest, /u/TheKillingJoke7| +|Salesforce|CRM|$154.90|$194.85|26%|/u/deadb0ef| +|Sturm Ruger &amp; Co|RGR|$66.13|$81.37|23%|deleted| +|ETFMG Prime Cyber Security|HACK|$39.64|$48.40|22%|/u/iStayedAtaHolidayInn, /u/Marcusaralius76| +|Waste Management Inc|WM|$90.17|$109.60|22%|/u/TheChosenWong| +|Texas Instruments|TXN|$107.74|$127.55|18%|/u/hokageace| +|Palo Alto Networks|PANW|$219.32|$255.92|17%|/u/OldMan0919| +|Unitedhealth Group Inc|UNH|$269.10|$302.78|13%|/u/wefarrell| +|WP Carey Inc|WPC|$63.67|$71.37|12%|/u/EasyE0287| +|Amphenol Corp De|APH|$94.47|$105.76|12%|deleted| +|Micron Technologies|MU|$45.15|$50.06|11%|/u/iopq| +|Verizon|VZ|$54.29|$57.48|6%|/u/rubaduddud| +|Brookfield Infrastructure Partners L.P.|BIP|$40.12|$41.84|4%|deleted| +|Walt Disney Co|DIS|$116.24|$116.94|1%|/u/slocs1| +|Arista Networks|ANET|$259.64|$259.77|0%|/u/bisoncorp| +|Carlisle Companies|CSL|$121.06|$119.08|-2%|/u/EasyE0287| +|Vista Outdoor Inc|VSTO|$17.46|$17.15|-2%|deleted| +|Endbridge Inc|ENB|$33.18|$32.00|-4%|/u/suptni| +|Learning Technologies Group|LTG|$143.00|$133.00|-7%|/u/lemonfloss123| +|Berkshire Class B|BRK.B|$216.40|$195.78|-10%|/u/NjalBorgeirsson| +|Cameco Corp|CCJ|$11.24|$10.16|-10%|/u/tree-farmer| +|Rollins Inc|ROL|$59.02|$52.40|-11%|/u/Racquet345, deleted| +|AT&amp;T Inc|T|$33.49|$29.58|-12%|/u/Open_Thinker| +|Live Nation Entertainment|LYV|$54.58|$46.81|-14%|/u/spacemusclehampster| +|CVS Health Corp|CVS|$79.50|$62.94|-21%|/u/DatElectric| +|Arrow Financial Corp|AROW|$36.05|$27.30|-24%|/u/henjsmii| +|Toronto-Dominion Bank|TD|$61.06|$44.28|-27%|/u/ImpyKid| +|Bruce Flatt|BAM|$44.87|$32.33|-28%|/u/ImpyKid| +|Intellia Therapeutics|NTLA|$25.76|$17.81|-31%|/u/Zero_G_Balls| +|HP Inc|HPQ|$26.06|$17.58|-33%|/u/daaave33| +|Sangamo Therapeutics|SGMO|$16.60|$10.83|-35%|/u/oarabbus| +|Anheuser-Busch Inbev SA Sponsored ADR (Belgium)|BUD|$86.54|$54.43|-37%|/u/JollyJumperino| +|Kraft Heinz Co|KHC|$55.60|$34.38|-38%|/u/Revolutionis_Myname| +|Blue Planet Investment Trust PLC|BLP|$38.00|$23.00|-39%|deleted| +|Unisys Corp|UIS|$20.09|$11.89|-41%|deleted| +|Teva Pharmaceutical Industries|TEVA|$21.50|$11.54|-46%|/u/missedthecue| +|Direxion Financial Bull 3X Shares|FAS|$69.49|$34.97|-50%|/u/Iamsiyuen| +|Cedar Fair L P|FUN|$52.48|$23.84|-55%|/u/Urban_Phantom| +|Century Link|CTL|$21.89|$9.65|-56%|/u/shrimp_coat| +|Direxion SHS ET/Daily JR Gold Miner|JNUG|$384.50|$161.84|-58%|/u/darkflash26| +|AMC Entertainment Holdings|AMC|$19.86|$4.04|-80%|/u/ThatAsianDude77| +|Transentrix|TRXC|$5.81|$0.49|-92%|/u/shrimp_coat| +|Oasis Petroleum|OAS|$14.27|$0.64|-96%|/u/Stateof10| + +&nbsp; + +The original post can be found here: +[https://www.reddit.com/r/investing/comments/9kl1i4/](https://www.reddit.com/r/investing/comments/9kl1i4/) + +In graphical form here: +[https://imgur.com/a/fc9Ls2k](https://imgur.com/a/fc9Ls2k) + +Edit: JNUG has been corrected to represent the reverse split (thanks to /u/alphamd4) and subsequent stats have been updated. This has brought the overall gains down from 36% to 33% + +Disclaimer: As noted /u/RedditRandom55, "people who continue to pick their own eventually see losses that are also greater than the market". Please do not interpret gains shown here as an endorsement of the investing prowess of the community +Let's say you have a target lifestyle expense per year of 300K when you are financially independent and/or early retired. Is that 300K what you should be spending today, while getting there, i.e., enjoy life while working, then enjoy life equally as well while retired? Or is your prevailing recommendation to live like you're low middle class/ poverty like the leanFIRE people, while shoveling away all excess cash into investments to get to the target fatFI number ASAP? + + +For example, for my wife and I, in 1.5 years time when my wife finishes her training and also becomes a full fledged attending physician, we expect our household income to rise to 800-900K a year. We have children planned (one already on the way), haven't yet bought a house, and both have A LOT of delayed pent up gratification needs/wants. + + +Would it be reasonable for us to spend 300K a year at the income jump, while investing the rest? + + +Or should we still live like low-middle class spending \~100K a year as we are currently, to get to our fatFI goal asap? + + +The difference in time to fatFI would be significant, 14 years while spending 100K/year versus 20 years while spending 300K. + + +EDIT: + + +**Seems like a lot of folks here are easily triggered, jealous or salty as fuck. In a fatFIRE sub of all places. I am not ‘out of touch’.** + + +I grew up with siblings with my father as the sole provider making 60k. I lived like an impoverished student in college, med school, residency, and last year as a first year attending. I took out loans to cover living expenses. There was no possible financial support from family. I have zero windfalls or inheritances that helped me out along the way to get to where I am. There was no networking/lucky connection that allowed me into medicine. All I have earned is what I worked hard for. +> It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular DBR.No.BP.BC.104/08.13.102/2017-18 dated April 06, 2018. Such references to the above circular by banks/ regulated entities are not in order as this circular was set aside by the Hon’ble Supreme Court on March 04, 2020 in the matter of Writ Petition (Civil) No.528 of 2018 (Internet and Mobile Association of India v. Reserve Bank of India). **As such, in view of the order of the Hon’ble Supreme Court, the circular is no longer valid from the date of the Supreme Court judgement**, and therefore cannot be cited or quoted from. + +https://rbi.org.in/Scripts/NotificationUser.aspx?Id=12103&Mode=0 +Curious to hear what everyone does at home, especially now during the pandemic. + +Edit: Thank you all! This was interesting to read, a lot of variety with some overlapping staples. +Traditionally, i've just used cashiers check/ Money order and send it to the Tenants new address. Issues I have doing this method is it's archaic, bank charges $10/check, and liability of the check getting lost in the mail etc. + +What's the best solution you've come up with. Ideally straight from your bank acct to theirs. I've looked into things like Zelle, but they have a $500 daily max, also, it's only for select banks. +What's been working for you? +I'm in DFW, and my complex is projecting a 400 dollar or so monthly increase to rent. +Is it just the fact of interest rates destroying demand for buyers and boosting demand for renting? + + +Most complexes should, themselves, be shielded from interest rates/new financing, right? + + +Just trying to understand what to expect now and 2-3 years in the future. +Repost from r/relationships + + + +I (22f) just had to pay my mum’s (56f) £2600 council tax bill after police threatened to repossess property if no payment was made today. I don’t really know how to process my feelings about this + +This is on my phone so I apologise in advance for any formatting issues. + + +In the morning my younger brother and I had a visit from the police letting me know that my mum owed over £2600 in council tax and if it wasn’t payed today or over the weekend they would have to come to repossess property in order to pay the bill. I knew my mum had money issues but I did not realise it was this bad that it would come to police knocking on my door. As my mum is in Nigeria right now for my uncle’s funeral I just had to make sure I could deal with the situation as the oldest. Fortunately I had enough savings to be able to pay it off and have about £1000 left in my bank account after the payment. However this situation has seriously stressed me out and I honestly don’t know how to process all of this. I tried speaking to my mum but the connection is bad so couldn’t exactly call her. I’m graduating this year and so I’ve already applied to a few jobs in the last couple of weeks but know the pressure of finding a job is getting pretty bad. Before this had even happened I had given my mum over £1000 over the last 6 months to help with bills and funeral costs for my uncle. I want to cry but at this point I feel too tired and numb to even do that. My dad is still in the picture but he isn’t financially stable either so I don’t even know if I could ask him for help either. Over the last year my parents have been putting so much pressure about getting a high earning job. I want to help them out and I love them but I feel like I have so much weight on my shoulders. How do I talk to my parents about this? Especially as they’re both Nigerian so culturally speaking I also feel like I might need to take that into consideration. + +EDIT: I just want to make a quick edit. I made a mistake as they are enforcement agents and not actually police. They payment I made it to were to chandlers ltd Bromley GB. I received an email and a reference number as well + + +TLDR: I payed my mum’s council tax as I don’t know if she has the money to pay for it. I want to help my mum but with all the money I have given her over the last 6 months I feel stressed over it + +Update 1: Hello again! I just want to say thank you for all the advice and messages that has been given to me. I would also like to apologise for mixing up bailiffs and the police. They never presented themselves as police, I just assumed that they may be police at that point. Also to make sure it wasn’t a scam I called my bank and also contacted the people I made the payment to. I revived a clearance letter from them to confirm that everything went through. At this point I’m just very stressed and tired (Especially since I’ll be having my graduation ceremony in the next few weeks too :’) ). My mum still isn’t back home yet from Nigeria but I’ll make sure to have a proper talk about finances when she comes back. Also I am aware that this post doesn’t put my mum in the best light and I must agree in saying she’s a little problematic. However, she does love my brother and I dearly and has sacrificed a lot to ensure that she could provide for both of us so please don’t think she’s a bad person. I’m not planning to cut her off but I know that I need to be more firm with her from now on. +I recently got divorced and am refinancing the house under my name with the same bank. I signed paperwork and sent my cashier's check off at the end of last month with the bank's mobile notary and he dropped it at the wrong carrier. They lost everything and the bank didn't notice for weeks. I "missed" a mortgage payment because they had instructed me at closing to skip this month's payment due to my new mortgage payment starting in November. + +I have to do another closing and the costs are almost double due to interest on the days the mortgage wasn't paid off. Luckily my local bank agreed to waive fees to stop and reissue the cashier's check, but I am livid that I'm out basically a mortgage payment in interest fees for something not my fault. + +Any hope in getting credited or reimbursed the interest fees? I have banked with them for over 20 years and feel like they should try to fix it. +Regardless of whether the stock split is 3:1 or 7:1, I expect DRS numbers should drastically ramp up. + +Split by dividend means shares held with Computershare will guaranteed get new split shares delivered to their owners. + +Do you really want to leave shares in street name with your broker and hope you get what is owed to you? If there aren't enough to go around, do you want to be standing around holding your dick as MOASS happens and wall street is still squabbling about how to handle it? + +Want peace of mind? DRS your shares if you haven't already. + +Edit: First I want to say say thanks for all the awards. I have never had a post ever get an award before, so this is new. Most importantly, it is my first Snek, which I'm pretty pumped about. + +Second, lots of post crying FUD. It was not my intention to cause anyone panic. If you are happy with your broker and trust them, then you do you. Personally, I take comfort in being 100% certain that I will get credited every single share I am owed to my Computershare account. + +As another Redditor commented, DRS is also a great way to ensure your vote is counted at the Annual Shareholder Meeting. This is especially important this year as it looks like we will be voting on the stock split. +As a community we have been puzzled ever since we saw [NFT.GameStop.com](https://NFT.GameStop.com). + +We have followed breadcrumbs, theory-crafted and wondered the purpose of the domain, what is it, how will it work, and most significantly if it may mean some dividend. + +We saw crazy theories of WHAT the NFT Dividend might be, and what the value it may hold. + +I could not rationalize these ideas into one theory that satisfies all stakeholders until now. A theory that reinvents ownership, fulfills ambitions of GME and rewards GME shareholders. + +# My theory: + +GME is building an NFT marketplace. This marketplace will represent a new platform for trading and owning digital assets. These assets will have integration into the meta verse, think taking your paid for Skin from one developer game to another, and the future of these uniquely owned digital assets is limitless. They will launch this platform with other key developer partners: think Lego, with cool unique collectibles. + +**The OWNERSHIP of this new GME NFT Marketplace IS the Erc 721 Token.** They have literally created an entire new business to represent their future ambitions in the digital economy and wrapped it up in a Token ownership structure. + +The NFT Dividend literally will be the ownership of the marketplace itself. + +Each shareholder will receive equivalent NFT tokens based on their ownership in GME. + +1 GME Share owns 1 ERC20 Token which collectively own ERC721 (owning nft.gamestop.com) + +It isn’t a Wutang album. It isn’t a JPEG. We are all going to get a non fungible piece of this amazing innovative exchange. You are getting a piece of a brand new company. This is the dividend, NFT ownership. + +**TLDR:** + +GME has created a new company to represent NFT.GameStop.com (GMERICA?) which is owned by the ERC 721 token. Erc20 tokens will be distributed to each GME Shareholder in the proportion they own (\~75M tokens only). + +This theory satisfies our test: + +1, Good for GME, growth into an innovative business model + +2, rewards insiders with equal proportional ownership + +3, rewards LONG shareholders + +4, puts pressure on the shorts to deliver an NFT (how?) + +5, signals to the world GME is up to ground breaking things. More buying pressure. + +6, this theory is also the lowest litigation possibility. It’s totally reasonable GME would create a new company owned by a NFT token that is itself a business about NFT trading. This new business is the rightful property of ONLY the shareholders on record. Thus these owners on record are entitled to their NFT ownership. I think it’s a slam dunk! + +**Edit 1: Taking it further...** + +If 1 GME Share is entitled to 1 ERC 20 Token then the Transfer Agent will distribute \~75 M of these fungible tokens to registered holders and capture such registration on an Enhanced-Ledger. This is exactly what Overstock did (They also use Computershare) with their issuance of OSTKO. + +Cede & CO (DTC) will receive so many GME + ERC20 tokens on the ledger as they are suppose to have. The rest of the ledger will be full of shareholders who have direct registered. + +DTC and Broker-Dealers are going to have a BIG PROBLEM because any GME holder is entitled to this ERC 20 token- BUT Cede & Co only has a limited amount registered to them but there are MANY more beneficiary shareholders. How this mess gets resolved is unclear but DRS or not, you are entitled to receive your token (it's part of your GME share) but the only way to be certain you will get it is DRS (So you're on the Transfer Agent enhanced-ledger). + +In GME last filing prospectus they had an interesting section where they discuss distributions to shareholders through the clearing agency (DTC). They have a disclaimer there that says the DTC must perform by distributing entitlements to necessary benefactors. If they fail in this GME may move their stock to an exchange of their choice. This is basically a share recall and this can be the trigger of the MOASS. + +It's important to note that ERC721 is NFT, actually non-fungible, and represents the entirety of the new business, while ERC20's are alike/fungible, these are units of ownership (like shares). So each ERC20 is the same as each other, just like each GME share are the same. Technically GME shares and ERC20 are both fungible, every share is alike, every token is alike. + +The big problem with ERC20 issuances are that, as Overstock did with OSTKO, the Brokerages just created a synthetic version which traded illegally OTC. [I wrote a DD on it and why this didn't 'solve' Overstocks short problem.](https://www.reddit.com/r/Superstonk/comments/purbjf/crypto_dividend_why_if_gme_issues_a_crypto/) This is despite Overstock declaring that their ERC20 Token could ONLY trade on a block-chain enabled exchange. Brokers ignored this. However now that GME and Ryan Cohen KNOW this... I am sure they have some better application/method that the Brokerages can't circumvent. It may be as simple as GME issuing this token, seeing that it is trading illegally (OTC), and then declaring a share recall. GAME ON ANON! +So I(19) have 100k on my growth account which barely give me any return. I live by myself with a monthly expense of $2,500, I don’t have any retirement account and currently don’t have a job because I want to focus on trade school that I’ll be done in a year. Any suggestions would be much appreciated! Thank you in advance. +I am about to graduate college and will be working at a major tech company making 120k + +I will also receive a 25k sign on bonus plus a 5500 relocation bonus + +I have 11k in school debt + +What are the next financial moves I should make? +For anyone feeling like they missed the boat: I bought at every increment between $70 and $660. In January 2018, I warned of the coming crash and wrote to the community here that “Hype had exceeded reality”. So I’m writing now to say that today feels like the easiest it’s been to buy. + +With bluechip DeFi apps like Maker, Uniswap, Aave, Yearn and dozens more that have millions of users and billions in liquidity, Ethereum’s utility is no longer theoretical. The smooth launch of phase 0 further confirms that the future of Ethereum is a matter of when, not if. + +ETH will reach $1,400, then $2,000 and eventually $10,000 and beyond. It might take time, and their will be ups and downs, but this is now an inevitability. +Hello, + +Got advised to post here from other Aussie group. + +33 yo, Married, no kids originally from France/Belgium, working fully remotely for a Eastern European company and living in Thailand.  + +Making $4000 US / month as a lead data engineer/BI developer. (Mainly MS technology)  + +I have a good life here, money wise, can save 50% of my salary.  + +But I’ve been offered a position in Sydney as a consultant for 130PA + 10% super. + +As you may be aware, Europe, particularly France, has become a "strange" area to leave (especially in terms of safety), and the future economic boom is certainly in Asia - Pacific, in my opinion.  + +How is going to be my personal finance in Sydney working in the IT industry ? Supporting my wife for a while, living a modest life. (As I said, I'm not originally from SEA, so I never get used to having nanny, or paying cheap people to do stuff, I mostly cook fresh food at home) + +Given the housing market in Australia, I've heard that I'll be renting for the rest of my life :( I understand that no one really know what going to happen with the housing market, and every newspaper are talking about bubble market, but it's seems like nothing is going to change soon ? + +But in other hand I could enjoy some good family time here. And rising happy kids ? Oh one last things, I visited Australia on a working holiday visa, few years ago, and enjoyed it ! but I was doing well paid job in the outback. + +So, am I stupid if I reject the offer ? Because of the cost of housing ? and COL ? or should I just be patient, works couple of years in Sydney, to get my Permanent Residency and move to an other city and wait for my salary to increase since the IT sector is booming, + +Cheers +There’s a reason that people get excited about stories of people who struck it Lambo rich from putting $50 into crypto; it doesn’t happen often. If it did, you would be as tired of hearing about it as you are of popular/unpopular posts. + +For every person you hear of striking gold on an unknown alt, there are hundreds or thousands of others who “diamond handed” their hidden gem all the way to zero. + +And even if you did manage to find the golden ticket, you ain’t gonna ride that bitch into the sunset unless you’ve already got fuck you money. Because when you’ve got fuck you money, you *really don’t* give a fuck if that coin moons or not. So you DO ride that wave alllllllllll the way to the top. Otherwise you start imagining the difference that money could make to your life immediately and you (hopefully) make a smart choice and improve your situation. + +Or you’re Keith Gill and you hang the fuck in there no matter what. +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. +- Serious discussion on other cryptocurrencies should be referred to the /r/CryptoCurrency discussion thread. [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! + +ETH is finally bucking the trend it seems. The last few days have been frustrating seeing them both so correlated. Let's hope this is only the beginning. +Let’s address some of the misconceptions around the MBS. The money Medicare pays when a doctor bills for services rendered to you is YOUR rebate, not the doctor’s. + +What doctors have done over the years is either: claim the rebate amount directly with no out of pocket fee to you (bulk-billing), or bill you the full amount and have the rebate automatically reimbursed to your bank account, leaving you out of pocket for the gap. + +A lot of people seem to think that they’re entitled to free healthcare, but that isn’t the case. Bulk billing in General Practice was introduced by Geoffrey Edelsten in the 1980s, when he built clinics that were the precursor to the modern corporate practices we see today. + +In the old days, you used to receive your bill from the doctor and pay upfront. Then you would have to go to the Medicare office to claim your rebate. Doctors have taken on this burden of administration (by investing in accounting systems, receptionists, record keeping, etc), thereby relieving both you and Medicare of the time and inconvenience and cost involved in claiming a rebate. + +Sadly, bulk-billing is in its death-throes. It would be prudent for every Australian household to make a place in the budget for the cost of GP visits. The safety net we all had in the 80s and 90s is falling away. It would be wise to start paying attention to your health, as staying healthy over the years will save you a lot down the track. + +A lot of the item numbers in the MBS are designed to incentivise preventive healthcare. So when a doctor identifies that you have risk factors for chronic disease (such as increased blood pressure, elevated cholesterol, family history of disease) and books you in for a health assessment, that’s not ‘stacking’ to claim item numbers, that’s good prevention, because simple awareness and lifestyle modifications and a bit of monitoring carried out in your 40s can save you from landing in hospital in your 50s and 60s (thereby also saving the system tens, if not hundreds of thousands of dollars). That’s what a GP is SUPPOSED to do. + +Of course there are bad actors, rorters; people who are greedy and abuse this system. Nobody is denying this. But there is already a system in place to deal with this kind of behaviour. It is called the Professional Services Review, or PSR. They analyse billing data in great detail and harshly penalise healthcare practitioners (not just medical) who are found to have dodgy claiming activity. The thought of being hauled before the PSR makes any GP’s blood run cold. The PSR has extraordinary powers and can order doctors and other health professionals to pay back amounts in the hundreds of thousands, if not millions. They are, in effect, the ‘police’ of this system, just as any system with rules and laws needs to have its enforcers. The government created the system, and the government has created the body that polices it. GPs are already under a shit-ton of regulation and enforcement, with the PSR, AHPRA, the HCCC, and the risk of litigation hanging over their necks like a guillotine. + +So when you log into MyGOV and review all the item numbers that have been claimed on my behalf, instead of asking “is my doctor rorting the system,” you might also want to ask, “is my doctor getting most value for me out of what I am entitled?” + +If you have a chronic disease, have you had your health assessments; have you been offered referrals for subsidised visits to allied health services such as a dietitian, podiatrist, physiotherapist, occupational therapist etc under a GP Management Plan? + +If you are struggling with depression or anxiety or other mental health issues, have you been offered a Mental Health Care Plan, so you can access subsidised treatment with a psychologist? + +If you have risk factors for chronic disease, or a family history of chronic disease, have you had a comprehensive health assessment, to identify which risk factors can be modified and possibly prevent you from developing serious disease? + +If you have to take a lot of medications and are struggling with the complexity of it all, have you had a Home Medicines Review? + +If you have an elderly relative who is struggling with health issues or mobility, have they accessed their health assessment for people aged 75 years and older? + +People who are saying that Medicare is on its last legs; who are pointing the finger at rorters… they don’t seem to acknowledge the role of the PSR or the fact that good preventive care at the primary care level can save hospital budgets from blowing out. I see lots of criticism out there... but very few proposing actual solutions, especially for how to tackle the increasing health burden of our ageing population. + +Does anyone consider that perhaps the deterioration we see in the state of our hospitals is partly due to how hard it is to get into a GP these days? +Backstory, my mom inherited this home from my late grandmother. House has a mortgage and she owns more than 20% equity in the home(there is more I just don’t know the exact amount). I also own a home and about to refinance to remove PMI. My income has gone up significantly since my we first purchased my home. Is there any way I can either assume my mothers mortgage and rent her the house or can she sell it to me with an equity gift equal to what she owns to lower the financed amount? In short: but from mom with equity gift to lower loan amount, rent home to her at less than current mortgage and retain home from family over 100 years. Make sense? Possible? + + +EDIT: Thanks for all the replies. Here is a little bit of context. Grandmother was behind on mortgage and somehow she kept us from figuring it out. She passed, we find out. We catch things up. Current mortgage that my +Mom assumed when she inherited the home has an Interest rate that is too high and the current payments are entirely too high for her as a single income teacher. I’m simply trying to find a way to buy the house with an equity gift based on the appraised value in the current market to avoid a down payment based on what the loan to value could be(assuming this could workout in my favor) and pay nothing but closing. Let’s say house appraised at 150k, she owes 100k, gifts me the 50k difference and I take a new loan for the 100k remainder. New loan based on that 100k lowers payments, not the current payments based on a 150k loan. This is just an example for the sake of the post. Then I just rent her the home and keep it in the family, creating a place for her to live or an asset to sell in the off chance she ends up needing some sort of long term care when she gets older or needs assisted living. Im assuming this would be considered a second home, as I live in WA and she is NC. I hope this provides a little more clarity. I also realize this may not be this cut and dry or realistic. + +Thanks for the Silver! +interesting info from Jay Parsons, rental housing economist. He says rents dropped the most last month outside of the April/May 2020 lockdowns. + +&#x200B; + + [Jay Parsons on Twitter: "U.S. apartment rents fell for a second straight month, and the cuts are deepening. Effective asking rents fell 0.56% MoM in October 2022 (on a same-store basis). That's the 3rd-deepest cut in 12+ years, surpassed only by the COVID lockdown era of April-May 2020... https://t.co/9DP8N1jSbO" / Twitter](https://twitter.com/jayparsons/status/1587828659431215105) +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! + +This coin has already changed my life financially and it hasn’t launched yet. We are going live today at 12pm pst on pancakeswap!!! + +What if you had the chance to buy apple 20 years ago? How many people were able to hold these past 20 years anyway? If you had you would be rich beyond belief. What if you had bought one of the other safe coins at launch? Same thing but in smaller time frame. Today those safe coins are multiplying investments and are counted in millions of coins available for the average person to invest in. I am average. I have two jobs, three kids and a beautiful wife. I am a teacher. I have worked my ass off my whole life and came from a house where my mother was alone with four kids and worked 2-3 jobs to feed us. We had welfare Christmas’s and we were happy. We struggled but were happy. I was lucky to get to college and paid for it on my own. I work everyday to create bigger and better opportunities for my kids than I had. This coin is my ticket. I’m mot blindly throwing money into this project. I’ve done research. I’ve looked at the followers that the creator of this coin has and his aspirations to bring wealth to the everyday joe. + + +Today, at 12pm pst, the 100xelon coin is rebranding to "100xcoin". Check out ken the crypto's YouTube channel for more info. Get in ASAP for legit 100x!!! Also, prior to rebrand if you look at charts you will see That we went from a $5M market cap to $17M in 48 hrs with zero advertising. This coin is going to moon super hard as soon as new coin comes out today at 12pm pst! + +I am buying this coin because I was late on all of the other safe coins. I am buying this coin for my kids. I’m buying it so if it goes to the moon my mother can stop working a little earlier. This is an opportunity for me to create real wealth that I can pass onto my kids. All of the other shitcoins have had opportunities for early buyers and if you didn’t get out in time many of them dumped. The devs had zero accountability and there was no face to the project. We have that with Ken. The early community believes in him. He is staking his reputation and his own funds in this project. I believe that if I hold I will win. + +I believe in Ken. I believe that his work in marketing and his followers will spread the word of the value of getting into this coin early. + +We are going to the moon. Buy early and hold. It’s easy. Even $100 will turn into $10,000 if you hold and we do 100x. Other safe coins have done over 70,000 percent for early investors. The question is do you want to take the chance to win and be early? + +Creator- 100% doxxed YouTube crypto Analyst- Ken The Crypto + +Tokenomics +3.5% burned +2% liquidity +1.5% dev & marketing wallet + +Chart- price will not reflect actual value until 12pm pst +https://poocoin.app/tokens/0x4cc20a024324b6c487f50ba448999ae29f8f6022 + +Contract +0x4cc20a024324b6c487f50ba448999ae29f8f6022 + +Pancakeswap +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4cC20A024324B6c487f50Ba448999Ae29f8F6022 + +Website +100XCoin Launch Countdown + +Ken The Crypto YouTube Channel +https://youtube.com/c/KenTheCrypto + +100xcoin YouTube channel +https://youtube.com/channel/UCxjoBU68uYQJcYAKV-tWCgA + +Telegram +https://t.me/ELOofficialchat + +Twitter +https://twitter.com/100xcoin_?s=21 +Michael Burry posted a link to this article in a tweet but I think it's worth reposting here (it's worth noting he didn't write the article but merely linked to it in his tweet) + + +> During the last forty-four years, my days have begun and ended with the mortgage market. Four painful moments stand out. Today makes five. (There have been many more good days, but even the Fairy Godmother has her limits.) +> +> Mortgages are covered poorly in financial press, as stocks and such are much more entertaining. Today’s events still unfolding will take days for good coverage. Freddie’s weekly survey will not discover today until next Thursday. But the MBS market is real-time, not like old, sleepy S&L days. +> +> The CPI news this morning was so awful that it changed the bond market’s view of Fed trajectory, and the weakest sector broke. In bond jargon, MBS went “no-bid.” No buyers for MBS. Then a few posted prices beyond borrower demand, not wanting to buy except at penalty prices. Overnight the retail consequence has been a leap from roughly 5.50% to 6.00% for low-fee 30-fixed loans. +> +> The physics of collisions... the second one does the harm. When your car hits a telephone pole, no problem. Then, after a slight lag, trouble comes when you hit the inside of your car. Same thing in football: helmet on helmet is all-okay... until your brain hits the inside of your skull. +> The same physics govern housing collisions with mortgages. At the new year mortgages were still three-ish. In February, four. At the end of March, five. May, five-and-a-half. Historically, a two-percentage-point rise from cyclical trough has iced housing, the freeze underway a month ago. Now up by three points, and _double_ January. +> +> The pause in housing between the first collision and second is elongated because of human nature. Someone desperate to buy a house is still desperate, and modestly relieved to buy even at a higher price and rate so long as not forced into an unlimited auction. Now it’s time for Wile E. Coyote in his Acme sneakers, running off into thin air and all okay until he looks down. +> +> Looking down... MBS are such a weird market that other markets have not processed what is happening. Stocks are down 2% today, but would be down a hell of a lot more if considering what a full-stop to housing will mean. +> +> Another marker of MBS distress: the 10-year T-note had held 3.00% since April, the important top in 2012 and 2018. Trading 3.05% yesterday, now 3.20% -- retail mortgages jumped *triple* that amount. The 10s/mortgages spread today is almost 300bps and double the 10s’ yield. Inconceivable. The Fed telltale 2-year T-note had held 2.70% since April, 2.85% yesterday, today 3.05% adding only one more .25% hike to the 2-cast, which is not enough to explain MBS overnight. +> +> **Today’s CPI Trigger.** Markets were braced for a bad report, but not this. Overall CPI jumped 1.0% in May. Any thought of deceleration... ka-blooie. CPI 8.6% in the last year, accelerating under pressure from Ukraine energy dislocation. +> +> Many observers this morning say that the CPI news is so lousy that there is no point in looking at the details. Wrong. From the onset of Covid to Ukraine, our inflation problem was supply chain, mostly manufactured goods. Since Ukraine, it has shifted to energy. +> +> Different elements of CPI have different weightings, which conceal the effect of energy in a crisis like this. In May the energy index within CPI... up 34.6% in May alone. In an event like this, the notion of excluding the high-volatility “core” is meaningless. +> *Everything* requires energy. The uppers and soles of your Nikes are fossil fuel. Food has its own Ukraine issue, but energy is the problem, from fuel to fertilizer. +> +> Oil was $75/bbl pre-Ukraine, then held just above $100, now $120. Natural gas from normal $4-$5/mbtu... since Ukraine $9. The May increase in fuel oil, $16.9%. May utility natural gas, up 8% in the month. You can see component-by-component, month-by-month CPI here [BLS](https://www.bls.gov/news.release/cpi.nr0.htm) Table A. +> +> **Those Other Four Moments...** +> +> 1. 1979, Saturday of Columbus Day Weekend, Paul Volcker announced that the Fed would allow the cost of money to float as high as necessary. Mortgages 11% on Friday, on Tuesday after the holiday 13%. However! That was 15 years into entrenched inflation, oil ten times as expensive in 1979 as 1972, and our economy just beginning energy conservation and new supply. All incomes ramped right along with inflation. The US economy was a “things” economy, with little overseas competition for union-heavy US labor. +> +> 2. 1994, February... the cost of money coming out of recession 1.00%, by year-end 1994 to 5.25% -- but in a disinflationary world, the cost of money was one-half the cycle peak four years before. 1994, February to May, mortgages from 7% to 9% -- that magic two-point rise flattened housing, and the Fed had to cut in 1995 to dodge recession. The new mortgage peak, stabilizing near 8% was down from 11% in 1990, and we enjoyed a genuine and rare soft landing. +> +> 3. 2007, July... you had to be deep in the mortgage racket to understand the first collision. Subprime and Jumbos went no-bid, and stayed there. The Fed was slow to understand the credit panic, began frantic cuts the following winter from 5.25% to 2.00%. But mortgages did not respond, stuck above 6.00%. +> +> 4. 2008, July... the no-bid expanded to all mortgages, even government guaranteed. The 10-year T-note anticipating recession and worse fell to 3.50% while retail mortgages rose to 7.00%. That 350bps spread is the closest comparable to today’s 300bps. +> +> **Now What.** At Thanksgiving 2008 the credit markets (all markets) were rescued by Ben Bernanke’s genius, announcing quantitative easing -- buying enough MBS and Treasurys to unlock markets in which all had been afraid to buy. +> +> Today... is it a coincidence that MBS have blown simultaneously with the Fed’s flip from QE buying to allowing runoff and threatening to sell? The weak break first. MBS are weird, and weird under stress is weak. +> +> The Fed has had a plan, Powell becoming more concise each day: We will raise the cost of money until inflation comes under control. “It is our job to calibrate demand to supply.” A good, tidy, sorta mathematic way to proceed. But destruction of demand has limits, and this morning we hit one. +> +> In today’s US, nobody is prepared to deal with inflation as it has developed in the last 90 days. Inflation can drop and even stabilize above the Fed’s target, but the world is only three months into finding alternate energy for Europe’s oil and gas imports from Russia. Including natural gas, something like 15% of the world’s energy supply has been dislocated. +> +> Perhaps half will quickly be redirected. India and China are buying at a deep discount from Vladimir, which makes available much of the supply which those two used to buy elsewhere, Europe lining up. But Russian production is already suffering, a net and permanent loss. Alternate supplies require alternate delivery, gas especially tough -- absent pipelines, all gas deliveries are dependent on scarce LNG ships and terminals. Coal normal, $50-$100/ton... today $395. +> +> In this circumstance, the Fed’s demand destruction has all the wisdom of Xi’s zero-covid. In a rational world, if the party in power in DC were not encumbered by climateers, we would turn on the hose, take every step to unimpede production and delivery. Instead of threatening to tax windfall profits, we would offer incentive price guarantees to protect producers from the energy price drop certain to lie ahead. This is an energy problem, not some amorphous inflation amoeba. +> +> Below the 10-year T-note in the last twenty years. In 2018 there were a few days with trades above 3.20%, so in theory 10s have not broken that critical support. Theories like that tend to last a few days. The Fed has to decide how much destruction it has in mind. + +https://www.cherrycreekmortgage.com/lous-credit-news +My wife just gave me permission to go All-In. + +She thinks we own 100 shares and does not know we are all in since nearly 1 year. + +I told her about RC and Larry buying at 100 and all the other hype. Then she told me ok go all in xD + +I am so lucky because now she wont kill me when she finds out 😂😂😂 + +LFG!! 🚀🚀🚀 +We should switch to uBTC and be done with it (forever). Switch our clients, our exchanges, our store plugins, etc, to use uBTC by default. + +- It would give Bitcoin two remaining decimal places, which is what people are already familiar with, and would be much more compatible with existing financial software. + +- One uBTC is worth enough that it wouldn't be too cumbersome at this point to use. Buying something for $25 would be sending 31,255 uBTC. + +- The conversion is easy too - just remember 1 million. You multiply or divide by one million to convert between current BTC and uBTC. + +- We would only have to switch main denominations once, whereas a change to mBTC only helps us with the current price. If the value of BTC continues to go up, we'll find ourselves in the same situation of having a main denomination that is too valuable. + +- Finally, it would give enough room for BTC to grow however large and valuable it could possibly grow. Even if everyone in the world used bitcoin, uBTC + 2 decimal places would be enough to provide all the precision we would need. +I saw a text of Bittrex user who suffering missing deposit on BITTREX. +My case is more delayed and severe. + +Nine days ago, i made a transaction from Coinone to Bittrex Exchange. +But there is no deposit in my Bittrex wallet and no pending deposit. + +Bittrex Exchange do not solve my problem for 9 days. They do not properly respond to me on twitter, facebook messenger, and support tickets. They replied only automated texts. + +The account explorer shows its perfectly correct. But i cant find my 333230 XRPs, worth more than 300000 USD. What can I do? For 9 days, I just click and click refresh button every seconds. + +It's all about my money. Why this terrible situation happen in my life. It's a nightmare. Someone cheers me XRP price elevating. But i dont have that XRP, now. + +Frankly speaking, I feel some psychotic problem. When i see price up, i feel manic. But when i see my empty wallet, i feel depressed. It has repeated 9 days. I lost my weight 4kgs for 9days. +My mental health is extremely worsening. + +https://imgur.com/a/Qf2rd + +The transaction was successful, and validated in ledger 34982284 on December 13, 2017 12:05 AM. + +TXID D85B54E292EE6B01673DE5A18D15B771D6611E39B64B772003B29B8F66899CF9 + +Address : rPsmHDMkheWZvbAkTA8A9bVnUdadPn7XBK to rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy. + +Destination tag: 668272229 + +Support ticket #694753 + +UPDATE: + +2017-12-22 +They responded to me, my issue was escalated. +Still, my wallet is empty. + +Thank you for your upvotes and sympathy. +Many redditors worried about my health, thank you. You make me more strong and stable. +These days i could not have enough sleep, i waked up 2 or 3 times in a night to click refresh button of my wallet. +Today, i may sleep well. +I hope i can update with solved problem, tomorrow. + + +2017-12-23 +My wallet is still empty. +Is the employee in USA work on saturday? Probably not. +I wish they go happy X-mas vacation, after credit my deposit. +I'm worried that already they have gone and my concern continuing to X-mas. + +2017-12-24. + +NOT YET. +Someone replied they would be idiots if that money back. +I dont think so, they are not idiots and my money will be back. + +2017-12-27. + +No. Not yet. + +2017-12-28. +At last. My problem was corrected. +Thank you redditors!! : ) + +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! + +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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At most I only made like $50 from the sale, meaning taxes would have only been another $5-10 + + +Apparently the IRS overlooked this because they did get a report of the sale from Computershare, and I got my refund check. + + +Is this insignificant amount really that important to report? Will I have to do it on next year's taxes? Am I going to jail? +[https://www.bloomberg.com/news/articles/2018-07-06/oil-spike-above-150-feared-as-investors-demand-cash-over-growth](https://www.bloomberg.com/news/articles/2018-07-06/oil-spike-above-150-feared-as-investors-demand-cash-over-growth) + +Oil investors may regret urging companies to cough up cash now instead of investing in growth for later as the dearth of exploration is setting the stage for an unprecedented crude price spike, according to Sanford C. Bernstein & Co. + +Companies have been compelled to focus on boosting returns and shareholder distributions at the expense of capital expenditures aimed at finding new supplies, analysts including Neil Beveridge wrote in a note Friday. That’s causing reserves at major producers to fall and the industry’s reinvestment ratio to plunge to the lowest in a generation, paving the way for oil prices to surpass records reached last decade, according to Bernstein. + +“Investors who had egged on management teams to reign in capex and return cash will lament the underinvestment in the industry,” the analysts wrote. “Any shortfall in supply will result in a super-spike in prices, potentially much larger than the $150 a barrel spike witnessed in 2008.” + +The world’s oil majors including [Royal Dutch Shell Plc](https://www.bloomberg.com/quote/RDSA:NA) and [BP Plc](https://www.bloomberg.com/quote/BP%2F:LN) navigated the price crash of 2014 by cutting costs, selling assets and taking on debt to help satisfy investors with hefty dividends. The biggest, [Exxon Mobil Corp.](https://www.bloomberg.com/quote/XOM:US), was [punished by shareholders](https://www.bloomberg.com/news/terminal/P5A1YH6VDKHT) earlier this year after compounding disappointing results with a massive spending plan and a lack of buybacks. + +The oversupply of crude globally in recent years has masked “chronic underinvestment,” Bernstein said in the report. Oil has rebounded to the highest in more than three years as the Organization of Petroleum Exporting Countries and its allies started curbing output at the beginning of last year to trim a global glut. The producers aim now to [pump more](https://www.bloomberg.com/news/articles/2018-06-26/opec-supply-buffer-shrinks-as-it-answers-calls-to-pump-more-oil) to help cool the market, but disruptions from Libya to Venezuela are keeping prices elevated. + +[See also: Repsol Shows Faith in Oil’s Rally With Dividend, Spending Boost](https://www.bloomberg.com/news/articles/2018-06-06/repsol-shows-faith-in-oil-s-rally-with-dividend-spending-boost) + +Proven reserves of the world’s top oil companies have fallen by more than 30 percent on average since 2000, with only Exxon and BP showing an improvement, helped by acquisitions, Bernstein said. Meanwhile, more than 1 billion people will urbanize in Asia over the next two decades and this will drive demand for cars, as well as air travel, road freight and plastics that also require oil, according to Bernstein. + +“If oil demand continues to grow to 2030 and beyond, the strategy of returning cash to shareholders and underinvesting in reserves will only turn out to sow the seeds of the next super-cycle,” the analysts wrote. “Companies which have barrels in the ground to produce, or the services to extract them, will be the ones to own and those who do not will be left behind.” + +Brent oil rallied to an all-time high above $147 a barrel in 2008 as booming demand growth and a lack of readily available resources fueled a synchronized surge across commodities that was dubbed the super-cycle. The global benchmark was at $76.78 a barrel as of 11:57 a.m. in London on Friday, up about 60 percent in the past year. +I posted this on another tread as a comment but I’ve loved to have more discussion around it. + +So, I'm a new dad and I have a lot of conflicting thoughts on this whole topic of making our kids work and grind like we did. + +I will admit, I may be wrong in my thoughts since many of you have more experience. These thoughts may be a bit obscure but I think a lot of us are biased and want to keep this crazy thing we call life, on the wrong track. + +I may come off as very "antiwork," and while I don't like the general vibe of that movement and the laziness/entitlement that comes off, I do think there is some good in questioning the way we do things. + +My journey into entrepreneurship was born with the simple concept of asking myself, "why am I ok with waking up every day to do something I don't want to do." Fortunately I married my passion, skill, and market fit and have done well for myself. But this isn’t likely for most and most being our kids. + +In the case of our kids, why are we so consumed with them trading life energy for money when they don't need it, and it requires them to do things they dislike all day? It's like we want to push our kids to work and grind, so we reduce the chances of them being a shithead or because someone will negatively judge them or us. + +Now, I'm not saying everyone should be spoiled rich kids with fancy cars, clothes, and trips, but why is it a bad thing for people to just want to enjoy life, help people, and follow a passion instead of grind through all the bs most people have to deal with? Many of us being, those people at some point. + +Why are we ok as a species to be in positions we hate so that we can keep the status quo? The answer- because it's not normal to do the opposite, and we're programmed to think that's how things are supposed to be. Go to school, get a job, make money, retire and enjoy a few years with a broken-down body. Even if you don't have to. What? + +I can't say exactly how I will nudge my kid/kids along over the years, and I do want her to work and go to college for the experience and education, but I don't think it's right to make her struggle just because. + +Does that put a target on her back for hate/jealously, perhaps but am I willing to trade her life for the feelings of others? I don’t think so unless that’s what she wants. + +Many of us are in a position not to have to worry about money, working hard anymore, and struggle, but we want our kids to do it. It's weird, and I can't help thinking it's just some bizarre defense mechanism to not create a spoiled brat or withhold some pointless tradition. If work and struggle is our solution to that, I think we all have bigger parenting problems. + +Surely we can raise good kids without forcing traditional lives upon them. + +What I hope for my kid is having respect for what we have, understanding how it came about, doing good for others, and enjoying life, and seeing where they takes her. Maybe work is a part of all this but I don’t know if it needs to be and I wonder if all our thoughts behind it is our way of protecting perception at the cost of true life meaning. +Elizabeth Warren [slandered](https://www.youtube.com/watch?v=AKijzoNjgk4&t=4792s) Bitcoin developers when she called them both shadowy and faceless. This kind of behavior sounds unbecoming of an elected official, and worse yet, it indicates that Warren has put little effort into talking with, reading about, or listening to all the people who use their time to improve the financial system by writing open source software. +I’m 28 and a recent college graduate. I currently have $350 in my checking and $7,000 in savings and another $1,400 in an acorns account set on $15 2x a week/moderately aggressive. + +My credit score is currently 585. I have a total of $50,000 in debt. $35,000 from school debt and $15,000 from credit cards. The 4 cards have been open for 5 years. I helped my parents with groceries, bills, and medical expenses, but they are paying me back on the cards and it should be cleared within a year or two. No minimum payments have been missed. + +I’m in between jobs, but I was a bartender through college, but I’m searching for a clinical research coordinator position between my PhD. I expect to make ~$18-20/hour in between that time and work at least 40 hours a week. At my aspired career, I expect to make $90,000 a year. I save 30% of my checks and use the rest for rent/groceries/bills. + +My rent is $300 and my bills are ~$120. I rent a house with four others. I own a completely paid off car, but I need to buy a new rear end part + +My financial goals: own a house with a wife, have a comfortable savings for family, 700 credit score, have a strong investment account, travel at least once a year, and help my parents but not sink my finances. + +My parents did not use money efficiently and I want to break the cycle, but I also want to be generous, yet not to the point of sinking my own life. + +Advice on best moves to make with money for saving/assets/investing/spending now to achieve my goals? +***Disclaimer: For new apes, WAY more than 20% of the float is shorted. We likely own multiple floats alone on this subreddit. I reference it because the articles do, but this number has been paraded to us and lied about constantly. It's self-reported and fictional. The media is going to use it to try and trick us, yet again (because it worked SO well the first 5 times). Do not fall for it.*** + +Since we all pretty much expect it at this point, I decided to read through some of the FUD to see what they're saying before I came across this article: + +[https://www.cnbc.com/2021/05/26/jim-cramer-investors-who-are-short-gamestop-amc-are-out-of-their-mind.html](https://www.cnbc.com/2021/05/26/jim-cramer-investors-who-are-short-gamestop-amc-are-out-of-their-mind.html) + +>Both GameStop and AMC have over 20% of their float shares sold short, according to data from S3 Partners. That’s compared with an average of 5% short interest in a typical U.S. stock. + +Several of the other articles from the normal FUD sources are also referencing a 20% short interest. They're even trying to make it sound appealing it by stating the average of 5%. + +I think they're going to let the price rise up a bit and then try to crash it back down one last time and say that \~11 million shares, or the entire "short interest", has been closed. They're already throwing out numbers such as 1 million shorts covered, which we know is bullshit anyway. + +From the [reuters article today](https://www.reuters.com/technology/gamestop-amc-extend-rallies-gouging-short-sellers-2021-05-26/): + +>Around **958,000 shares** of GameStop, worth $201 million, were bought to cover short sales over the last week, S3 data showed. Roughly 11.55 million shares of GameStop, or **20.3% of its float**, are currently sold short, Dusaniwsky said. + +Per the edit below, S3 partners is owned by Citadel, the very people shorting the stock. Expect to see a lot more estimates of "shorts covered" and "percentage of float" according to random bullshit shill data scientists. When those numbers intersect, the media will declare it over. It won't be. + +You know what to do: Buy. Hold. Vote. Watch videos of guys putting bananas in their asses. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**Edit: S3 PARTNERS IS OWNED BY CITADEL!!!!** The very people who are making these "estimates' are the ones that are shorting the stock! Thank you /u/Dragon747 for that nice note, I didn't even know that. +I can't seem to find any reason to any invest in/trade bitcoins: + +- Transactions are slow. +- Transactions are very expensive. +- Other cryptocurrencies solve all these problems, and offer more value. + +Yet bitcoin continues to rise. Is this simply because it happens to be the most popular coin and so everyone is just speculating? What am I missing to see? +As interest rates rise in the future, earnings of the companies that make up the index will most likely fall (since access to cheap capital going forward will slowly erode) + +If companies earn less and grow less, they are typically worth less. + +With all of this “known” and “priced in” data, what’s the case for the S&P to reach back to its all time high of 4800, and then continue growing onwards to 5000 and beyond? + +Most of the people I interact with in terms of investment discussions seem to be “calling for” an upcoming and overdue global recession. There’s a non-zero amount of data out there to build this argument/case. + +What’s the counter data to defend the bull case? +Hello all, to explain my situation in as much detail I'm willing to share: + +£9000 loan @ 6% fixed interest over 60 months. + +Repayment = £174 p/m + +What would be best to do with this , as I can get away with using none of it, I figured I could stick it in a savings account and see if the interest on an account could overpay the loan. + +Do savings accounts yield monthly? , can anyone recommend one to use that I can pay all the money into immediately. + + +Edit: I don't want to pay it back , I have prospects of buying a car within the next few months as family is expanding, and 6% is a better rate than the quoted 12.9 from a dealership near me. + +Tia +Now, I’m as smooth as apes come, I don’t have any fundamental reason as to why he is, imo, trying so hard to draw attention to himself. + +It is my belief that this POS is trying to retain apes on some kind of witch hunt with him being a target and while I appreciate one or two posts about what this joke of analyst said on an interview, his recent screenshots blatantly saying “hate the GameStop” is what gave it away. This guy’s a mere distraction, and he’s been saying this $10 price bullsh*t since February. + +Let us not be distracted by such a shameful tactic. He and Coke-Addict Cramer can go f*ck themselves. Moving on! + +TLDR Hedgies r fuk, fuk MSM, buy & hold. +I accept gas fee is pretty high on Eth network and this needs to be fixed but Did they seem to forget the one of the reasons we are invested into crypto is decentralisation, if you are holding a centralised coin then what’s the point? So you are just here to make money, right? + +Ethereum values decentralization over everything. +We just need to wait for the solutions, if someone is being impatient they can their ETH at $44000 and f*ck off. +Hi traders, Hopefully you having profitable week, I'm currently watching a variety of youtube videos from different guys, and my concern is how to study those topics from videos, as most of them end with the advice to "buy my course to learn," which I'm not sure will be worthwhile. I want to know where you learned, if you have any recommendations for good youtubers, books, or other resources. Thanks +So, if Evergrande goes bankrupt, and pulls down the economy with the full 200B+ debt and housing implosions - and the communist party decides to stay firm and » *let the market do it's job* « **. . .** + +Then how will the United-Fucking-States of "god-blessed" America be able to face the earth, if they intervene in the ape's journey to get their tendies, tendies based on the liquidation of the hedge funds that lost their bet in the worst case scenario of infinite risks, tendies born by the forced selling and simmering of (personal) assets like billionaire's yachts, constitutions, and gilded bedposts? Like intended by the market, understood from their self-regulating law maker's public stance towards a free and thriving market, and described by their regulations, laws, heavy fines, and complex mechanics? + +So. The Chinese government is actually more capitalistic, fair, and market liberal than the United States of America, the same United States that claim to be the leaders of the free world? That *invented* capitalism, the free market, and the whole modern world and democratic culture^(\[lol\])? The Land of Freedom, self-made millionaires, land of endless opportunities and chances? + +The US of A that saves SHFs or dares to intervene in a communist manner with a quietly back-handed » *yall get 169k* ^(\[not nice\]) *per share, now shuush, go play and eat some sand, kkthxbai* « ? The government that gets involved in the free market like some "filthy socialist middle-european cuck-state with tree houses"? + +**China is about to end USA's whole career.** + +Taking the financial hit is preferable to causing the "cultural death of the whole world". + +Leaving behind the "Dollar Standard", for a future with no standard reserve is preferable to die the ideological death and lose the claim to world leadership and "the best nation of the world"?. + +Crushing the lifes, net-worth, careers, and "good repute" of SHFs, billionaires, and the few thousands culprits and finance bros is very bitter and a heavy hit ^(\[lol\]), but the wounds, oowies, and scratches will heal as they are treated with generous application of billions of taxes paid by tendie accountants. + +And still better than losing the world's "trust" into the market of the United States of the America, followed by the biggest capital and entrepreneur's exodus to "filthy socialist european cuck-stock markets", the red commie Land of the Free 2.0 formerly known as China, and don'saytheword*blockchain*ohgawdno. + +There can not even be a slightest impression of an attempted bailout for Hedgefunds that go tits up because of Evergrande. And there can be no bailouts because of GME either. + +The dies were cast - they just take some time to fall, since we are already in space. + +The decisions and mechanics on how the endgame will end and how the USA will act, have already been decided and locked - governments, institutions, banks, and HFs just didn't realize it yet. + +**BUY. HOLD. DRS.** + +Edit: + +[Hmm...](https://preview.redd.it/zooofx7zd7581.png?width=977&format=png&auto=webp&s=fe1de54f9696efc0c2220d4b87deb7165db0b208) + +Edit #2: + +[Hmmmmmmmmmmmmm....](https://preview.redd.it/vm8gbqfq68581.png?width=978&format=png&auto=webp&s=58eb01c5adc190413573958946b57aacdbe5e168) +There's a post on the front page right now referring to the cost of the war. + +It was $300 million per day + +Every day + +For the last twenty years. + +And that only makes $2 Trillion. + +The derivatives market is worth up to $2 Quadrillion. + +$40m is not a meme. +Buffett said at the Berkshire Hathaway annual shareholders meeting that it's not a productive asset and it doesn't produce anything tangible. Even with the shift in public perception around bitcoin, he still says he will not invest. + +Do you agree with him? I’d like to see opinions from both sides. +Hi +I'm looking to gain some exposure to sustainable farming/biotech in the area such as vertical farming, algae farming, aquaculture, bio-fuels and alternative food tech companies. + +I have a SIPP pension (I'm based in the UK so restricted to funds with a KIDD). + + +Any ideas? +I see a lot of people here say that putting 100% in VTI is good, but I was thinking wouldn't it be better to have a bit of exposure to the international market by splitting it between VTI and VXUS +These are real monthly numbers from my own life in a medium size city just south of Buenos Aires: + +\- Rent (Premium apartment, 2 bedrooms, 2 baths, city center): $270 + +\- Top private school for one kid: $277 + +\- Groceries (no budget, we just buy whatever we feel like) : $230 aprox + +\- Cleaning person: $40 aprox + +\- Utilities: $92 + +\- Internet: $19 + +\- Car insurance: $20 aprox + +\- Premium health insurance: $100 aprox + +\- Total: $1048 + +These numbers were calculated at the black market exchange rate, which is what you actually get for your dollars if you come here. At the time of writing this it was valued at 216 pesos for 1 dollar. + +You get to live an upper-middle class life here for a little over a thousand dollars a month. Just something to think about if moving here is a realistic possibility for you. +This is now the buzzword in r/cryptocurency. I do get, that a lot of people entered the market to be millionaire in a fortnight like say CryptoNick or Trevon James (Yeah, these people have damaged the credibility of the millennials who invest in Crypto), but to be so salty as to call the entire space an outright scam is actually Self Denial. DYOR is the most "stated" and least "used" term in cryptocurrency. Rightfully, with just a bit of common sense, people wont even spend a penny on bitconnect. + +I do agree that >1000 projects wont even come to fruition. But apart from a few, if we look at the top 50, well, I can say, atleast 20 of them are pretty massive projects. In an entirely new ecosystem, thats developing, even if we end up getting 10 projects that serve the world some good, would that not be awesome? + +The Bears are ruling the market, but they wont rule forever. The boom continued from November to say, mid January, and it seemed never ending. This too will end. + +Here I would try to lay down some of my opinions for all the doubts and FUD that media propagate: + +1. NOT BACKED : Fiat, you will find is essentially backed by IMFs Currency Basket. The Currency Basket in itself is backed by Fiat. Thus, ultimately it pegs the whole concept of Fiat down to single entity, Trust. USD has major stronghold on the basket. This ultimately leads to a situation wherein the Currencies of other countries too, are to an extent pegged to USD, which we know is prone to whims of the FED. + +Bitcoins underlying value is in the used Protocol. Bitcoin as such is just a protocol, using a distributed, decentralized ledger and a POW based consensus mechanism for its existence. Same for ethereum, the ether protocol. While people might argue, whats the REAL asset underlying , remember its the same logic used by Brick and Mortar shops against Amazon. + +2. NOT GREEN : Lets calculate the entire energy spent by the Banking corporations, plus the energy consumption for Fiat printing, and the energy consumption for maintaining the security , and add to that the devaluation impact of fiat, and devise a parameter. Now lets compute the entire energy required for maintaining the Cryptosphere, and subtract the deflationary impact of a fixed total supply. I think Green Bankers will wet their pants in fear if such a study is conducted. + +If you hate POW, Crypto communities are working their ass out for POS, which if proven secure like POW, will end this debate forever. + +3. High Transaction Fees and Lack of scalability : This is a problem. To have utmost decentralization, low transaction fees, and high scalability all at the same time seems impossible. An optimum solution will be there. Probably we will have to do away some decentralization and security for purpose of efficiency. We are already seeing solutions like Nano, Cardano, Lightning Network. Its interesting to find out where we end. + +4. Terrorism : Bitcoin is used for Drugs and Terror Funding. Internet is used for Porn. Sound synonymous? You decide. + +5. Lack of faith in the technology : When i see most of the cryptocurrency subs, its all about "when will we break even" Or "Am selling all this since its going to zero". Try speaking logic, they will spew Venom. As if buying Bitcoin at 20k dollars and keeping it in Bitconnect was the collective fault of the crypto community. Although am just over 7-8 months in this market, i can tell the only secret to make some money here, is your Conviction. Read the whitepaper, check the team, think about it, rate it. If you cant rate it DONT invest in it. Just like I dont keep Monero, simply because i fear regulatory crackdown might come hard on it. I might be completely wrong. But then, as long as you dont have the Conviction, you will end up losing. Always, yes always, dollar cost average while buying, and take profits, if you have doubled or tripled. Set the goalposts, and dont keep on changing them. Never buy all at a time. Never sell all at a time. +Every trade requires speculation and you don’t own the underlying stock so you’re not investing. Are you gamblers then? + +EDIT: +Lots of great takes here. Best of luck to you all. And may the odds be ever in your favor. ✊ +If you are thinking of buying a house one of main things to consider is whether or not it is part of an estate or apartment complex. These will have so-called Body Corporate committees formed by residents to manage communal property - to do maintenance of buildings, structures and access roads; the operation of the pool and common rooms if present and so on. And one of the most important things such a committee can do is appoint caretakers if the complex is large enough to warrant that i.e. if the jobs are too frequent to manage on a voluntary basis. + +An objective outsider might think that the best way to do this would be as follows - have three year contracts to be renewed or allowed to expire on the basis of performance, and to have one unit owned by the Body Corporate to be leased to the caretaker for minimal rent (the idea being that residing there is a condition of the contract). Caretakers would also act as on-site estate agents overseeing the rental arrangements for unit owners who rent out their properties. And this is often how such estates are set up. But for most estates, at least for large ones on the Gold Coast, a different system is used - one that deprives owners of managerial control and forces them to pay inordinate fees to caretaking companies. Welcome to the world of extended management rights contracts (MRCs). + +An extended management rights contract requires the same responsibilities as the arrangement described above except that typically the caretakers own a particular unit to live in and the duration of the contract is much longer. How much longer? Well, the maximum legal duration is 25 years, and housing estates normally begin with some company having an MRC for that long. Selling the MRC to a caretaking company is seen as a convenient bonus for the developer as an incentivize for them. But what happens after that? Do Body Corporate committees revert to the sensible system of rolling 3 year contracts. Normally no, because a whole 'industry' (although 'conspiracy' would be a better word) exists to stop them doing that. + +How does that work? It begins with a consultant. Most large estates have consultants to help with the legal and administrative aspects of management, but they almost always have a hidden agenda. They are often recommended by the existing contract holder and have titles such as 'community mediator'. But from the moment they appear on the scene their objective is to amend the MRC so that it is extended (typically by five years at a time). There is no justification for this except that if the contract expires the MRC holder will not be able to sell it on. Of course it can be argued that that is *their* problem, no one else's, so the consultant would usually just say that the Body Corporate 'has to' extend the contract. This is argument by *perceived* authority, and it works for that reason alone. Body Corporate committees are effectively hypnotized into extending contracts - maybe this works partly because their members are volunteers. Sometimes several 5 year extensions are approved, meaning new contracts last 25 years and the estate is back to square one (in terms of obtaining its independence). + +How do these arrangements work out? Firstly, they are much more expensive that the sensible arrangement, for obvious reasons - the caretaking company knows the Body Corporate can do nothing about them for many years and remuneration is written into the contract. Secondly, due to the fact that the MRC has to be purchased it massively reduces the pool of potential candidates for that position - to those who can afford it, or borrow money for it, or some combination of those. This of course excludes a huge number of potential candidates who *would* make great caretakers. So if you want to be a caretaker but are not already wealthy just forget it. Furthermore, the fact that they normally have to borrow money for the MRC means that they worry about money. Payments to the caretakers *are to their company* so costs are taken out of that and they will try to skimp on the service in order to save money. + +They will also always be trying to extend the MRC so that they can sell it on before they leave. Normally obtaining these extensions is a condition of the loan they get to finance the purchase of the MRC, so if they do not obtain them by a certain date the bank will seize the contract. Then the residents will have to deal with a bank appointed caretaker for the remainder of the contract term - quite possibly over ten years. Obviously then there are underlying sources of conflict between the caretakers and the Body Corporate. No wonder a 'community mediator' is needed to smooth it all over! There have even been cases of Chinese nationals *allegedly* using such schemes to validate investment visas, i.e. they buy an extended MRC and operate the business for more than six months for visa purposes, even though they have poor English and *no relevant experience*. + +Extended MRCs are basically a plague of financial parasitism. It's as if a foreign army invaded the estate and privatized *every* government service, with the shares going to friends of the invaders who live somewhere else and the residents having no choice but to pay the extortionate charges imposed on them because they have lost all political control of their own community. It is capitalism gone mad - not just a free market where anyone can take part, but the contrivance of a massive financial barrier to entry that offers lucrative opportunities to the already rich and damns any other potential caretakers to diminished opportunities. And it sometimes does this by discriminating *against* Australian workers and citizens. + +The only thing to do is for Body Corporates to let extended MRCs expire regardless of the short term consequences and in defiance of the self-serving arguments of the greedy insiders who keep such an unbearable system going. Then at least there is hope that the plague will at some point come to an end. + +https://uoaq.org.au/2013/09/management-rights-to-extend-or-to-expire/ +https://theonsitemanager.com.au/news/the-latest-management-rights-termination-battle/ +https://www.legislation.qld.gov.au/view/html/inforce/current/act-1997-028 + +NB Another deeply annoying aspect of extended MRCs is that annual pay rises for the caretakers are usually written into the contract (with no possibility for review) as a proportion of *already excessive pay packages*. It's insane, regular home owners are not big businesses - we have to insist on value for money. +Thoughts on IBM and this technology? It seems like this could be a dominant technology in semiconductors in a few years. + +IBM (IBM) on Thursday debuted the world’s first 2-nanometer chip making technology, which could enable massive performance gains in terms of both power and battery life over the current industry-leading processors found in everything from smartphones and tablets to the massive computer servers that power the cloud. + +“Right now, in the most advanced production in the world is about the 7-nm node, you know on the verge of getting to 5-nm node,” Darío Gil, SVP and director of IBM Research, told Yahoo Finance. + +“What we're talking about here is the first time in the world that anybody has shown, externally, that there's a viable technology to enable the 2-nm node.” + +Link to source: +https://finance.yahoo.com/news/ibm-2nm-chip-technology-161537366.html +Here's my story.. + +As a kid, I didn't know my family was low income since we never went hungry or had our power cut off, but my family definitely made it known that we were not well off. My dad was the breadwinner making $65k a year working 60+ hour weeks supporting my mom, myself and four other siblings, and my grandparents. My mom and my grandparents didn't know any English so their job prospects were very limited. I remember my dad always complaining about how broke we were which really stressed me out as a child. Although we lived in a middle class neighborhood, the inside of our house was bad. Stains everywhere on the walls, duct tape to cover the cracks on the kitchen counter, tiles missing on the kitchen floor, etc. There wasn't even space for all of us in a four bedroom house. I shared a room with my sibling and my youngest sister had to sleep in the same room as my parents. I was so embarrassed to bring anyone over to my house as a young teen. + +I eventually got into a prestigious college after years of my mom telling me that the only way to be successful was through my education. Due to my family's limited income, I was able to able to get many grants and scholarships and graduate debt free. I will always be grateful to my college to having a program to allow low income families to graduate debt free (I plan on donating to their scholarship fund in the future). My dream was to work in healthcare, so I took several low paying jobs the next 2-3 years to get into grad school. I worked as a nurse aide for $11/hr and the job was pretty awful. The hospital I worked at was very understaffed and would often give overtime with "staffing crisis" bonuses on top on that. I was making $25/hr some days and was easily working 60+ hour weeks to save up money for grad school. + +I eventually got into grad school while living at my parent's house again and am now in my dream career making close to six figures. With my spouse, we were able to buy a house in a nice neighborhood and can now save a significant amount every month and are working on our emergency savings fund. After maxing out IRA and 401ks, we save about $50k a year. I am still very, very frugal and feel guilty about buying nonessential things. I bought a Kate Spade purse for $80 at the outlet and felt bad since I already have a $30 purse that's perfectly fine. I sold it the next day and got my money back. I still worry about money a lot and am constantly trying to cut out things from my expenses. I am grateful for growing up low income, because I realize actually how hard it is to make good money, but it's hard to actually enjoy it sometimes without the added stress and guilt. For those of you guys who've made it out of poverty, can you relate? + "Tesla Inc. sold $837 million of bonds backed by auto leases Friday, taking advantage of a rebound in investors’ sentiment toward the company to provide further support to its fast-growing leasing operation. " + +&#x200B; + +I thought that they wouldn't have to raise? +Today when I came home (before my parents) there was around 50 envelopes posted through the letterbox all from HM Revenue and Customs. The only difference between all of them was that they all had different company names on all ending with ltd (limited). I messaged my dad and he told me that it was my mum's side hustle. I opened one up and it had stuff about VAT change and flat rate scheme. My parents don't own any businesses, and all the companies are registered online to our address. Anyone have any idea of what's going on? +I'm trying to compile a list of stocks that still haven't caught up with the market rally. I.e. stocks that are still down more than 40%-50% from their March highs. I.e. SAVE, PK Hotels, Cinemark, ETC. All suggestions are welcome. +Good morning everyone! Happy Friday :) + +I want to make a quick clarification and say that this post and list is geared towards day trading, and I am not advocating to blindly buy and hold these at all, in fact I advise strongly against that. *With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5-10 minutes, usually faster.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Large Cap Watchlist (*****over $10*****)** + +* Gapping UP: RIOT, MARA, TLRY, APHA, NIO, WKHS, SPCE, FOXA, IPA, FRX, TIGR, GEVO, FUTU, CAN +* Gapping DOWN: UVXY, DBX, RXT, PBR, TWLO, CAPA, ASPN + +**Small Cap Watchlist (*****under $10*****)** + +1. UAVS: Gapping up after responding to the false short seller claims. Seeing good price action and volume in the premarket. Premarket support near 9.63-9.65. +2. JMP: Gapping up, but couldn't find a catalyst. Seeing good volume and price action in the premarket. Premarket resistance around 11.45, I'll want to see some strength from this stock before market open. +3. VCNX: Gapping up on news catalyst. Currently seeing good price action and volume. Just make sure you don't go chasing trades. +4. WATT: Gapping up, but couldn't find a catalyst. Showing some weakness in the premarket, so I'll want to see some strength before market open. Potential resistance around 6.50. +5. MTC: Gapping up, but couldn't find a catalyst. Like WATT, it's seeing some weakness in the premarket, so I'll want to see some strength before market open. Potential resistance around 5.50. +6. JFU: Gapping up, despite a class-action against them. Just be careful with this one, given the news. +7. TAOP: Gapping up on a blockchain-related news catalyst. Saw a spike of volume earlier in the premarket, but I'll be watching to see volume and price action pick up more before market open. +8. MDGS: Gapping up on an EV-related news catalyst. Saw a spike in volume as well, but I'd like to see some better price action before market open. + +Despite the choppiness in the past few days, the market looks like it is going to open in the green. SPY is currently sitting just over 392, with a lot of stocks up in premarket. I will be watching UVXY for volatility plays, as I think the choppiness could continue. If SPY doesn't see choppiness today, we could see a push back up to ATH levels. Bitcoin hit another ATH earlier today, and I'll be watching crypto-related plays closely today. Marijuana stocks are also up in premarket, despite the choppiness in the past few days. + +*If you had a good trading day yesterday, make sure to not chase that high today. Stay disciplined. Your long-term goal should be consistency. Remember to have an exit plan for every trade you enter.* + +Remember to use proper risk management, and make sure you size appropriately for your account. Happy trading everyone :) +**Edit before you read:** I have traded live for 3 months but had so strategy and switched to a new broker so I wanted to learn the platform so I went to paper on thinkorswim and took it most seriously, *before you shit on this post its for new traders, newer than me that I'm 6 months in.* + +For starters im paper trading now dont shit on me for paper trading, I have 60k in savings at 23 im frugal and im not about to spend my savings because I was too dumb to dive, in. I traded live for 3 months swing trading, I know how the emotions feel, and anyone who tells you paper trading is the same as live trading is lying. + +**You dont learn to fly a plane getting thrown in the cockpit? You go in a simulator first.** + +&#x200B; + +**Paper trading is not the same as live trading but at least it lets you know how you need to think, it helps you more clearly develop a strategy otherwise if you dive in thinking you know it all you will get punched in the face before you re-think your entire process** & yes that happened to me. + +ANYONE who makes posts on Reddit talking about their success 99% are BS posts I have been trading for 6 months now I study & learn new golden nuggets every day and I still don't know shit in fact no one knows anything or **no one knows what's gonna happen next**. 99% of reddit, some twitter posts, stock twits, are BS everyone's insecure and whats advice when to sell and buy or what to sell and buy everyone follows the crowd, I barely come on these types of pages and this is why. Chat rooms are basically BS everything is a big ball of BS, come back to me in 5 years when I know more than I do now & ill tell you im still learning. + +The best way to describe it to me is.. **think of most of the trading community as a corporate job, everyone discusses what the other person is doing, said, gossiping, talking shit, coming up with theories, spreading rumors, lies.** Where if you sat in your cubicle with your 1 homie and focused on shit together you probably would be better off shit, if you're by yourself that's okay too. Trading is very lonely I can see I'm very new to it but I can see to what it is. A friend brought it on to me but I took it very seriously from the start, I took a month of educating before even buying my first share, he's more of an investor with no motive or interest to do his own research, he doesn't have the funds to day trade but even basic fundamentals or charting skills he has none, zero. + +If I go anywhere on any chat room any comment section, people will ask whats your PT, when should I sell? how do you know this? that? Its easy to get lost and I truly and learning every day but the biggest help for me has been putting 11 sticky notes on my screen to remind me to sit on my hands. I have journaled every trade since the first one & I suggest you do as well, I go over what I did wrong, right, what I will improve on next time. I record every single trade and go over it at the end of the day, I go over all my trades at the end of the week, I meditate and prepare psychologically for a good day, if I wake up late I woke to go on the computer and trade I will go on a walk before my coffee come back stretch meditate and trade. **Patience is key, persistence is key. Im breaking even all the time, I'm paying market tuition but I'm learning**, I very strong risk management, I stick to really 2 strategies and if they are not there I won't trade. + +***Things to take note of or reminders for your trading:*** + +1. **Don't be impatient -** sit on your damn hands & wait for A+ setups +2. **Have a plan**, don't FOMO jump in. If you do wait for a pull-back and make sure you have a plan +3. **chat rooms will fuck with your head, you're never going to be a good trader with that shit around**, unless you really really have a small group and extremely supportive of your millions of answers but even then your almost looking for the 'answer' for it all. This being said there is exceptions where some discord channels have excellent education tabs or groups online do, go on youtube go look at blogs don't go to one source go to a bunch and go for what feels right for YOU. +4. **log your trades**, you will thank yourself for this I go over exactly where I entered by using a screen shot of the trade itself, entry and exit. A lot of traders use excel sheets with a boatload of numbers and criteria but personally that's not for me it may be for you, Im more of a visual learner. I mark what I did right, what went wrong, what I could have done better, where was SPY at the time of the trade, what was the ATR of the stock, short interest, float, market cap, news, did I mark previous areas of value? important areas of support and resistance? I will edit this photo with blocks showing the type of stregy it was, what I will do and prepare for next time, did I take a start position? Did I scale out of my position immediately when I saw a profit? was I eyeing level 2? I found in logging my trades I used to put all the bad trades and then one good one, now I only put the good trades and screw the bad ones as humans we naturally focus on our failures and remember them so why not hone in on our successes and what exactly about it to the tee made it a winning trade for me? I also rephrase words like "loss" to "cost of doing business" like people say think of it as market tuition, loss is just such a harsh word there is no way to look at that otherwise. I promise you making your own playbook of your best trades will be the best thing you can do, especially screen recording. I will see trades and this light pops in my brain saying this is your playbook trade you cant skip out on this, I enter and before I even enter the trade due to the ATR i know exactly the max I could lose multiplying - # of shares X my cents I'm risking below support. and the ATR shows me my expected PT for the trade. This is just what I do, regardless it doesn't matter find what suits you, but If you're paper trading and not logging your trades and just doing it mentally your wasting your time. +5. **if / then statements** \- couldn't be any more helpful if you dont know where your getting out then why are you even getting in, again trading is simple but it sure isn't easy, buy at support / sell at resistance right? Seems life changing & so easy when your first see those things then you try to determine good risk reward opportunities and your in the heat of the moment chasing things and messing up but you can look at the chart later and say oh, "if only I bought here" patience is so so key, it really is. I have to instill it every day, I am so new to trading but I do everything I can to better myself every day, and all my mistakes are psychologically and dealing with just how I handle myself, the impulsiveness, the hesisitation, trading too large, overtrading, these are all the things that mess me up and they will do that to you too. So be aware of yourself that's the best thing you can do as a trader. Your trading journey is identifying where you go wrong not the market, it just makes opportunities all damn day, its you to capitalize on those, flow with the tide not against it. +6. **talk to yourself - yes literally out loud.** I screen record myself with my voice guiding my thoughts in that exact moment only so I can watch it later realize it didn't actually go down as fast as I felt like and think wow what an idiot what were you thinking... well! im thinking out loud so I can actually hear my damn mistakes. +7. **Most importantly do you even love trading?** \- If you are influenced by the money only and simply have no interest in trading you're going to fail simple as that, my dad forced me to do so much shit in my life, yeah I was good at them but I was passionate enough to be great, this is the first time I have ever truly wanted to spend every single second doing something. From the morning I wake up, until my body tells me I can finish where I left off tomorrow\*\*.\*\* +8. **If you really love trading - learn to have balance** \- this is something I need to remind myself of. I have saved my money for a long time, trying to make my dad proud of something, not knowing what the fuck im doing with my life and going to be 24 in a few months. I have become obsessed with this, it really is the first time I dont want to watch movies, I dont want to play video games, I spend every breathing second learning how to trade better and learn more than I did the day before. I need balance and everyone does, dont let it control your life. +9. **Trading is a lonely and challenging aspect but what are you really in it for?** \- I love the challenging aspect of trading, I love that many people cant make it, I love most that It allows me to learn about myself, the way I psychologically deal with my mind and my day to day, how I handle hardships, how I face things within myself, I have always loved psychologically studying a couple of courses at community college and business but it brings them both together, it fascinates me. +10. **Dont get stuck on paper trading -** As I said above the only reason I went to paper trading is because I wanted to learn my brokers platform, (thinkorswim) I wanted to hone in on one or two strategies which I currently am, I believe those who shit on paper trading started off live and once they got punched in the face revised and took that as the bias towards creating a strategy, i dont know everything but im not an idiot i already said this happened to me, so to not have a strategy and then switch to a new broker no knowing the platform will set you up your failure. Dont get stuck on paper trading though, set a time frame you want to be on it for I think 3 months is a good go, some people stay on it for a year and I dont think thats good, again you can ALWAYS go back. +11. **Paper trading is simply to format strategy and learn from your most common mistakes -** All my mistakes right now majority of them come down to impatience because if you are patient and wait the opportunities there and you will just know if studied that set up enough, it will stare at you and almost say "buy me" those have litterly been my best moves that I have felt and are in my playbook where I recognized them and added them as good risk reward opportunities, its easy to want to buy everything and this is why I disregard most reddit posts and chat rooms its easy to say huh what is everyone buying before you know it you're clicking away and incorporating a strategy only resembling gambling, its like you're obsessing with the green on the screen. If this is really a problem for you, *remove your P/L from the screen, if your broker wont let you remove it litterly tape a paper over that part of the screen a trader cares about risk / reward and good opportunities to benefit that's what gets you P/L not magically watching if it will be there.* +12. ***My favorite places to learn are..*** *If I had to choose two places for you to go as a new trader is SMB capital youtube videos - they are authentic/real / no BS and can guide you in the right way.* + +*Chat with Traders Podcast - there is a little over 200 podcasts roughly 35-60 minutes each I have listed to 80 of them so far and I log notes and journal on them all - if you want to really hear how pro traders got started go here, what they do and how they do it, a lot of them you will find stuck with one thing, and do it very very well.* + +13. **My favorite trading books...** + +I have read **trading in the zone by Mark Douglas, the Warren Buffett portfolio** (just a basic book on warrens principles of investing and going with what you know, not checking your stocks every day and buying Stocks only if you plan on holding them for the long term) after reading this book is when I cleared up my portfolio and now only have large blue-chip companies mainly tech. I’ve also read **price action trends by AL Brooks. How to day trade for a living by Andrew Aziz, Trading Psychology 2.0 by Brett Steenbarger, mindset by Carol S. Weck** Is one of the best psychology books I’ve read it really is eye-opening to how you deal with things in boat trading and life. **One good trade by Mike Bellafiore Owner of SMB Capital** this book talks a lot about focusing on quality over quantity and identifying your mistakes And I am like 100 pages left of his second book called **the playbook** which has to do with journaling and tracking every single one of your trades and primarily having A separate journal where are you put only one trade from each day that really stood out to you and made sense and why. These last two books have been my favorite I think. If you’ve ever watched any SMB capital videos on YouTube you know how straightforward forward and authentic they really are. + +**Why did I make this post???** \- I made this to remind you - the reader, I made it to remind myself. Im a big fan of progress in my life but also in seeing shit down to the core of what it really is. I made this because I saw someone post a BS story of how to make it as a trader and I see to many and it pissed me off. + +**there isn't a time where you just "make it" as a trader** its not like oh here's your master's degree. Its something that gets crafted over time, real traders do one thing and only one thing very well. Wanna be traders follow everyone else, & learn to cry about how shitty they are or learn to sell courses, the best traders know how to adapt to every situation. +Hi, It seems like most people are burning with assignment or price going really high in covered calls. Or Losing quickly. + +Are there people here who been doing 2+ years theta with consistent profit? If so how is your return looks like and what do you suggest to new comers. +The Shiller P/E ratio has risen to almost 32 in the last year. (All time historic average 17.1) - would indicate the stock market is overvalued. + +The Buffet Indicator is at 2.2, all time high. Or in terms of Corporate Equities to GDB at 171%. + +Total Market Cap / GDP - 184% + +Loss in GDB: UK -20%, USA -31% (yes, it's a minus before each number) + +Not to mention number of people on furlough and credit holidays. + +Plus unemployment is going to shoot up soon. + +I currently keep15% of my net worth invested in the market, but even if the market drops 50%, it's still 7.5% loss. + +&#x200B; + +Wouldn't all the above indicate that's it's safer to exit the market and hold cash until it crashes? + +&#x200B; + +No sane person can say it's gonna last long until it crashes in current circumstances, you can't inflate it by printing money forever. +I am really embarassed posting this but I need some perspective. I feel I am in a massive rut but, I am hoping I am just too close to the problem. I would love some objective thoughts on my life. But first, some context of my situation: + +I am a 30yo male. I am degree educated. I grew up in a violently abusive home (black eyes, broken arms etc.). When I was old enough I left, literally in the cover of night. I worked a part-time job, studied at Uni and found a small flat. Eventually when I graduated, I got a bunch of different jobs while still working part-time, always jumping my main job for whatever offered me a bit more stability or money. A few years later I got a job for a bank in IT risk and worked there for many years. I also started seeing several therapists to deal with the PTSD I was diagnosed with due to my childhood. I have been prescribed various medications with minimal success. + +Fast forward to today and not much has really changed. I no longer work two jobs, but I am absolutely exhausted to my core. I have tried taking time off work, but it doesn’t help. All my life has been is just this horrible struggle to survive to the next day and now that I am 30 and I don’t really have anything to show for it. I just wish everything would stop so I could catch my breath. + +I currently stay in a small, dingy one bedroom flat, but its affordable. I do have some savings (£8k) but it is all the money I have in the world, and I have no family whatsoever. So if I ever fall ill, get fired... whatever - that money is ALL the money I have in the entire world to protect myself. It’s my only lifeline. + +I am not sure what to do next to make the next 30 years a little more tolerable. I have never travelled due to my financial situation, but last year I took a trip away to another part of the UK to see if it helped and it did not. Not even in the slightest. I also follow all the textbook recommendations religiously (e.g. exercise regularly, breathing exercises, medication, avoiding junk food etc.). I live very frugally, I don’t even have internet in my flat. I try to save as much as I can thinking one day I can buy a flat outright or run away. If I could afford a flat outright, I would only need a part-time job to survive and then could just finally decompress and process the last thirty years. It would provide me stability and allow me to actually find out what I like and want to do next. + +The only way I can see that being possible is to continue to climb that corporate ladder. The difficulty here is, the corporate world really exacerbates my depression. I have hated all the jobs I have ever worked and all the different industries they were in but, like everyone else here knows, it pays the bills. I really don't want to go any higher up. My current role is the most tolerable job I have ever had and that is partly because it’s a bit of a dead-end. I have no issue with that only, I don’t know if it’s enough money to change my life or just perpetuate my survival. I don't see it ever converting 8k - 80k anytime soon, or however much a mortgage is. Alternatively, me pushing myself to climb the ranks or taking another part-time job again – is honestly too much for me to handle anymore. + +I wake up so empty every morning. I wish I could take control over my life a little better. I am so angry my childhood is still dictating my life even today. + +\^ That’s my life so far. + +Any advice on how to make it better going forward? +\[Short financial background\] + +Net income on a typical 40 hour week is around $474/$1896 monthly. Currently the only debt I have is a small medical bill ($70) and my cell phone (around $900) which I'm doing 30 month installment plan. I have no savings at the moment either. +125000 is the current amount of people DRS'ed + +If they all just had 300 shares each, there would be nothing left in the DTCC. + +Jus saying + +We don't need anyone else. The power was always with each one of us. + +No SEC, no GG, no DOJ, no nothing + +Power to the players + +DRS or FUK + +Also, if your broker defaults all the insurance will cover is the price you bought the share at - [https://www.reddit.com/r/Superstonk/comments/ti2t1j/stockbroker\_liquidation\_is\_moass\_a\_bankruptcy/i1btleb/](https://www.reddit.com/r/Superstonk/comments/ti2t1j/stockbroker_liquidation_is_moass_a_bankruptcy/i1btleb/) + + + + +PS: I am not telling anyone to buy more shares. Just trying to illustrate how achievable this is. Even with the last reported number of registered owners. + + + +EDIT: This post has 3K views, 57% upvote rate & sitting at 4 upvotes. Must have touched a nerve. Ooof + +EDIT2: For the people with concerns on the $214K limit, read up on NBBO. It is what GG always keep talking about. BeSt ExeCuTiON + +https://www.reddit.com/r/Superstonk/comments/tb25cp/clearing_up_computershare_sell_limit_fud/ +don't know if this was already noted somewhere but this is a nice inflation hedge: looks like US Gov I-Bond interest rates will jump from a healthy 7.12% to a very nice 9.62% this month, for at least the next 6 months. https://keilfp.com/blogpodcast/i-bond-rate-november-2021-to-april-2022/ +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) +Because that's what they'll ask of you. + +When the price reaches $100, they'll ask you to be reasonable. + +When the price reaches $1000, they'll beg you to be reasonable. + +When the price reaches $10,000, they'll try to force you you to be reasonable. + +But have they been reasonable? + +Were they reasonable when they gave mind-bogglingly stupid loans in 2008 to pump their profits, thereby causing our small worlds to crumble in the process? Did they come out scathed, homeless, and jobless from that ordeal, or did they use that as an opportunity to buy and own even more of what we could no longer afford? + +Were they reasonable when they shorted promising medical research companies into the dirt, purely because they stood to *cure* people of their illnesses instead of keeping them on an ever increasing dosage of status quo, for-profit, medicine? + +Were they reasonable by putting real people, with real families, out of real jobs, by killing the companies they work for, all the while contributing nothing to society like the parasites that they are? + +In the last two years, were any of them reasonable with their unjustified price increases, their stock buybacks, and their real estate vulturing? + +They caused this inflation, they took even more control away from us, and they seek to become like kings of old with their land baroning. They want to turn your entire life into a subscription service to them. + +And who are *they,* you ask? Because I know, the line does get murky sometimes. But I see it clear as day. *They* are the rich. It doesn't matter if they're the CEO of a fortune 500 company, a hedgefund manager, or a corrupt politician on the thinly veiled take. If they are generationally wealthy, then their interests **do not** align with yours, and they never will. + +Just remember, you didn't cause this. Their hate for you, their spite, their pride, and their unfathomable greed caused this. We have one *single* chance to wrest back control from the 'elite', without the need for blood or violence, and this is it. + +When it comes time, and this sub is closed down, and they're asking for you to be reasonable; please, I beg of you, *don't be.* You hold, and you hold, and you keep holding until you're damn sure that you can change the world around you for the better. + +Because that's what you need to do, that's what we all need to do; be better than them. +EDIT: *flew + +I live in San Jose, CA and I applied for a job in Denver, CO for a senior level position. They seemed excited about my background and after a call with the recruiter and hiring manager they wanted to fly me out ASAP for a panel interview at their office. They dropped close to $2k on my last minute flights, hotel and generous per diem. They even flew me business class. + +After the Friday interview (which I thought went really well), they said they would get back to me mid to late week the following week. I sent them an email that evening thanking them for their time and that I looked forward to hearing back from them. By end of day the **next** Friday I did not get a response. That Monday I sent an email to the recruiter to follow up and see where they were in the decision process and if they needed any additional information from me. No response. It will be **2 weeks** of radio silence tomorrow. Has this ever happened to anyone? Is this normal? Is this a major red flag if they do eventually get in touch with me and offer me the job? I just find it strange how eager they were to fly me out, contacting me everyday for week to arrange calls and trip details, seemingly nailing the interview and then nothing for 2 weeks despite me reaching out to follow up. + +EDIT 2: I’m not offended/mad/butthurt. Just never experienced this before in my years of going through hiring processes so I’m asking for other people’s experiences. My current job is with a large tech company and it took almost 2 months for my offer but my recruiter was responsive and set expectations. Please don’t be mad at me, guys. I didn’t mean to upset you. +Back in March of 2015, I was hospitalized for some Respiratory Issues. A day later I was discharged and they told me everything was taken care of (I had given them my insurance info when checking in), and I put it behind me. + +Now today; Got an $800 collections letter for that incident. Between then and now, Not once has the hospital contacted me via phone or mail or by any other method to inform me of a past-due bill of any sort. Because of this, I'd assumed my insurance covered it. Unfortunately, I no longer have that insurance provider (It was from work, and they switched to different provider last year) + +I have not changed address nor have I gotten a new phone number since then, so there is no reason to NOT have contacted me to begin with. + +EDIT: Holycrap This exploded... It'll take a while to go though everything but thanks for the responses! +Hi! I'm new. + +If EPS for a stock is going up steadily but the price of a share is going up faster, is there a point where reinvesting into that stock will give you less bang for your buck? Should you instead not reinvest but take that money and find a cheaper stock with good EPS (and proper DD)? + +Example. (May not even be plausible) +Stock A +Price: 100 +Yearly Dividend: $1/share +Own 100 shares + +Stock B +Price: 50 +Yearly Dividend: $1/share +None owned yet + +Then you get the dividends from Stock A. Should you always reinvest into Stock A and get 1 new share with $1 extra dollar coming in? + +Or, do you try to find a Stock B where you can get 2 shares with the reinvestment and therefore $2 extra dollars a year? + +What do you do? Never automatically reinvest and get all your quarterly dividends piled up and then divide it up how you see fit? + +I would this boils down to yield deterioration as the price goes up faster than the dividend grows. Do you just stop investing more into that stock? Do you sell it all and buy up more of Stock B? + +Thanks! +Hey everyone, like many of you, I love a good spreadsheet. However, if you are trying to calculate any of the Black-Scholes equations for Option pricing or the Greeks, it's a bit daunting. + +Many resources don't explain the formulas in an easy-to-understand way for calculating by hand and the few resources I could find that do help you translate it into a spreadsheet, cost money or calculate across dozens of cells which just isn't feasible for practical purposes + +To make it a bit easier, I've generated a Google Sheets script to do it for you! To use it you only need to: + +1. Open a new or existing Google Sheets spreadsheet +1. Navigate to Tools > Script Editor +1. Paste the code below into the empty "code.gs" file and save it +1. Return the to spreadsheet and use your new functions OPTIONDELTA, OPTIONGAMMA, OPTIONTHETA, OPTIONVEGA, OPTIONRHO, and OPTIONPRICE. All of the functions are documented with autocomplete to assist when entering the functions. + +Let me know if you have any feedback, feature requests, or find any bugs. I'm currently working on publishing this to the Google Sheets Marketplace for those that would prefer an always-on plugin, but it can take a few weeks to get through the process + +Enjoy! + + /** + * Calculates an Option's Delta using the Black-Scholes Model. + * + * @param {number} price - The spot price of the underlying asset. + * @param {number} strike - The strike price of the option. + * @param {number} volatility - The volatility of returns of the underlying asset. + * @param {number} interest - The input the risk-free interest rate. + * @param {number} dividend - The dividend rate as a percentage. + * @param {number} days - The time to maturity in days. + * @param {string} optiontype - The the type of option, Call or Put. + * @return the Black-Scholes calculation for an option's Delta. + * @customfunction + */ + function OPTIONDELTA(price, strike, volatility, interest, dividend, days, optiontype) { + var eqt = Math.exp(-dividend *(days/365)); + var nd1 = NORMDIST_(D1_(price, strike, volatility, interest, dividend, days)); + + if (optiontype == "Put") + { + nd1 = nd1 - 1; + } + + return eqt * nd1; + } + + /** + * Calculates an Option's Gamma using the Black-Scholes Model. + * + * @param {number} price - The spot price of the underlying asset. + * @param {number} strike - The strike price of the option. + * @param {number} volatility - The volatility of returns of the underlying asset. + * @param {number} interest - The input the risk-free interest rate. + * @param {number} dividend - The dividend rate as a percentage. + * @param {number} days - The time to maturity in days. + * @return the Black-Scholes calculation for an option's Gamma. + * @customfunction + */ + function OPTIONGAMMA(price, strike, volatility, interest, dividend, days) { + var d1 = D1_(price, strike, volatility, interest, dividend, days); + var time = days/365; + var eqt = Math.exp(-dividend * time); + var asqrtT = volatility * Math.sqrt(time); + + return Math.exp(-1 * Math.pow(d1, 2)/2)/Math.sqrt(2*Math.PI)*eqt/(price*asqrtT); + } + + + /** + * Calculates an Option's Theta using the Black-Scholes Model. + * + * @param {number} price - The spot price of the underlying asset. + * @param {number} strike - The strike price of the option. + * @param {number} volatility - The volatility of returns of the underlying asset. + * @param {number} interest - The input the risk-free interest rate. + * @param {number} dividend - The dividend rate as a percentage. + * @param {number} days - The time to maturity in days. + * @param {string} optiontype - The the type of option, Call or Put. + * @return the Black-Scholes calculation for an option's Theta. + * @customfunction + */ + function OPTIONTHETA(price, strike, volatility, interest, dividend, days, optiontype) { + var d1 = D1_(price, strike, volatility, interest, dividend, days); + var time = days/365; + var eqt = Math.exp(-dividend * time); + var xert = Math.exp(-interest * time) * strike; + var nd1 = NORMDIST_(D1_(price, strike, volatility, interest, dividend, days)); + + if (optiontype == "Put") + { + return (-(price*Math.exp(-1*Math.pow(d1,2)/2)/Math.sqrt(2*Math.PI)*volatility*eqt/(2*Math.sqrt(time)))+(interest*xert*nd1)-(dividend*price*nd1*eqt))/365; + } + + return (-(price*Math.exp(-1*Math.pow(d1,2)/2)/Math.sqrt(2*Math.PI)*volatility*eqt/(2*Math.sqrt(time)))-(interest*xert*nd1)+(dividend*price*nd1*eqt))/365; + } + + + /** + * Calculates an Option's Vega using the Black-Scholes Model. + * + * @param {number} price - The spot price of the underlying asset. + * @param {number} strike - The strike price of the option. + * @param {number} volatility - The volatility of returns of the underlying asset. + * @param {number} interest - The input the risk-free interest rate. + * @param {number} dividend - The dividend rate as a percentage. + * @param {number} days - The time to maturity in days. + * @param {string} optiontype - The the type of option, Call or Put. + * @return the Black-Scholes calculation for an option's Vega. + * @customfunction + */ + function OPTIONVEGA(price, strike, volatility, interest, dividend, days) { + var d1 = D1_(price, strike, volatility, interest, dividend, days); + var time = days/365; + var eqt = Math.exp(-dividend * time); + + return Math.exp(-1*Math.pow(d1,2)/2)/Math.sqrt(2*Math.PI)*eqt*price*Math.sqrt(time)/100; + } + + + /** + * Calculates an Option's Rho using the Black-Scholes Model. + * + * @param {number} price - The spot price of the underlying asset. + * @param {number} strike - The strike price of the option. + * @param {number} volatility - The volatility of returns of the underlying asset. + * @param {number} interest - The input the risk-free interest rate. + * @param {number} dividend - The dividend rate as a percentage. + * @param {number} days - The time to maturity in days. + * @return the Black-Scholes calculation for an option's Rho. + * @customfunction + */ + function OPTIONRHO(price, strike, volatility, interest, dividend, days, optiontype) { + var time = days/365; + var ert = Math.exp(-interest * time); + + if (optiontype == "Put") + { + var nNegD2 = NORMDIST_(-D2_(price, strike, volatility, interest, dividend, days)); + + return -strike * time * ert * nNegD2/100; + } + + var nNegD1 = NORMDIST_(-D1_(price, strike, volatility, interest, dividend, days)); + + return strike * time * ert * nNegD1/100; + } + + /** + * Calculates Option Price using the Black-Scholes Model. + * + * @param {number} price - The spot price of the underlying asset. + * @param {number} strike - The strike price of the option. + * @param {number} volatility - The volatility of returns of the underlying asset. + * @param {number} interest - The input the risk-free interest rate. + * @param {number} dividend - The dividend rate as a percentage. + * @param {number} days - The time to maturity in days. + * @param {string} optiontype - The the type of option, Call or Put. + * @return the price of an Option. + * @customfunction + */ + function OPTIONPRICE(price, strike, volatility, interest, dividend, days, optiontype) { + var time = days/365; + var xert = Math.exp(-interest * time) * price; + var seqt = Math.exp(-dividend * time) * strike; + + if (optiontype == "Put") + { + var nNegD1 = NORMDIST_(-D1_(price, strike, volatility, interest, dividend, days)); + var nNegD2 = NORMDIST_(-D2_(price, strike, volatility, interest, dividend, days)); + + return xert * nNegD2 - seqt * nNegD1; + } + + var nD1 = NORMDIST_(D1_(price, strike, volatility, interest, dividend, days)); + var nD2 = NORMDIST_(D2_(price, strike, volatility, interest, dividend, days)); + + + return seqt * nD1 - xert * nD2; + } + + /** + * Calculates D1 using the Black-Scholes Model. + * + * @param {number} price - The spot price of the underlying asset. + * @param {number} strike - The strike price of the option. + * @param {number} volatility - The volatility of returns of the underlying asset. + * @param {number} interest - The input the risk-free interest rate. + * @param {number} dividend - The dividend rate as a percentage. + * @param {number} days - The time to maturity in days. + * @return the value of D1. + * @customfunction + */ + function D1_(price, strike, volatility, interest, dividend, days) { + var time = days/365; + var lnsx = Math.log(price/strike); + var trqa = (interest - dividend + (Math.pow(volatility, 2))/2)*time; + var asqrtT = volatility * Math.sqrt(time); + + return (lnsx + trqa)/asqrtT; + } + + /** + * Calculates D2 using the Black-Scholes Model. + * + * @param {number} price - The spot price of the underlying asset. + * @param {number} strike - The strike price of the option. + * @param {number} volatility - The volatility of returns of the underlying asset. + * @param {number} interest - The input the risk-free interest rate. + * @param {number} dividend - The dividend rate as a percentage. + * @param {number} days - The time to maturity in days. + * @return the value of D2. + * @customfunction + */ + function D2_(price, strike, volatility, interest, dividend, days) { + var time = days/365; + var d1 = D1_(price, strike, volatility, interest, dividend, days); + var asqrtT = volatility * Math.sqrt(time); + + return d1 - asqrtT; + } + + /** + * Calculates an estimation of the normal distribution of a value. + * + * @param {number} d - The d value. + * @return the value of the normal distribution of d. + * @customfunction + */ + function NORMDIST_(d) { + var z = (d)/Math.sqrt(2); + var t = 1/(1+0.3275911*Math.abs(z)); + var a1 = 0.254829592; + var a2 = -0.284496736; + var a3 = 1.421413741; + var a4 = -1.453152027; + var a5 = 1.061405429; + var erf = 1-(((((a5*t + a4)*t) + a3)*t + a2)*t + a1)*t*Math.exp(-z*z); + var sign = 1; + if(z < 0) + { + sign = -1; + } + + return (1/2)*(1+sign*erf); + } +**Overview:** + +Good morning all! I am back again for an update on this week’s relative rotation graphs (RRG). You can find the Monday post from last week [here](https://www.reddit.com/r/thetagang/comments/mfn4zy/anticipating_the_rotation_march_29_2021/). I added an additional info to the daily graph, which is IV percentile (IVP) at the beginning and at the end of the period for each stock. Please continue to let me know what you think of this information and if you have any other suggestions! For those who are new, RRG is a way to visualize stocks’ relative performance over time. The x-axis measures the relative strength of the stock while the y-axis measures the rate of change of the strength over time. Top right quadrant indicates that stocks are leading, bottom right indicates they are weakening, bottom left indicates they are lagging, and the top left indicates they are improving. + +https://preview.redd.it/ubqvng4zdcr61.png?width=1600&format=png&auto=webp&s=c90433972f700d613d810dcfd80e6b76ad26cc02 + +**Industry Trends:** + +Finance, industry, and energy continue to be in the weakening quadrant. Communication and consumer defensive are both in the lagging quadrant, and I am keeping an eye on when they start to rotate to the improving quadrant. Technology and healthcare are in the improving quadrant. Both were stalling at the beginning of last week but tech began to rotate nicely at the end of last week. Based on the lively discussion from last week, I think a good strategy is to sell CSPs or credit put spreads when stocks are in the improving quadrant and show signs of rotating to the leading quadrant. Utilities has entered the leading quadrant but it may rotate to the weakening quadrant by the end of this week. + +https://preview.redd.it/ozg1yhc7ecr61.png?width=1600&format=png&auto=webp&s=92e56b1444d08d17f9a613ca9c4eb7b7ca2b80e3 + +I also plot ETFs that I regularly track. + +https://preview.redd.it/54xb47hhecr61.png?width=1600&format=png&auto=webp&s=3a4e8f450cbbc65ffe2353d0b19067e9ab423d13 + +Daily plots help me decide when to open/close my 30 DTE – 45 DTE positions. I also find it interesting that IVP of many stocks have decreased compared to the beginning of March. I also show a daily plot of stocks with high IV and high volume. + +https://preview.redd.it/rss60id0jcr61.png?width=1600&format=png&auto=webp&s=a4370a39cd6e540c80710bd11ab6080958df000d + +Weekly plots are now available and you can find them [here](https://imgur.com/a/dGQcgBd). Sectorial plots are also available [here](https://imgur.com/a/FDatzRn). + +Edit: Thank you for the gold! +As some of you may be aware of, there's some controversy over at WSB. As r/thetagang, I believe we are more obligated than ever to take their tendies away from them. Selling options is great, but what do we do about these big moves both ways in the market? We're going to follow a trade Brittany from tastytrade made so we can see the effects of management real-time and hopefully learn some techniques to prevent losers and minimize losses. + +&#x200B; + +https://preview.redd.it/y618ncg2acr41.png?width=1577&format=png&auto=webp&s=43287ca18bf2690686132c61a7f1e8ec34f66aaf + +Brittany sold the May 15 157/159 207/209 Iron Condor for $0.73 on 4/2 (before the rally): + +&#x200B; + +https://preview.redd.it/4862fwmracr41.png?width=1641&format=png&auto=webp&s=7df11109fc76799e0e4b979881a84de1acfe01c4 + +&#x200B; + +No one likes to see a rally like that right after they sell a Condor. While the underlying is still between her short strikes, it's in a much less favorable position: + +&#x200B; + +https://preview.redd.it/eec3yv12bcr41.png?width=1638&format=png&auto=webp&s=9eb9c1f84cdb243d586ad7b76216ddc8d7e26cd4 + +&#x200B; + +That's dangerously close to her short Call strike, and there's still plenty of time in her trade. So what does she do? + +&#x200B; + +https://preview.redd.it/svq3g569bcr41.png?width=1577&format=png&auto=webp&s=d4c71eb9f0895a7dd4041a14bb464f3f203d9bc2 + +She buys back her 157/159 Put spread (for a profit because of the rally in QQQ) and sells the 171/173 Put spread closer to her short Call strike, collecting an additional $0.15. This is referred to as 'rolling the untested side'. Let's look at how it affected her position: + +&#x200B; + +https://preview.redd.it/jf2sbtjqbcr41.png?width=1638&format=png&auto=webp&s=e822beb5e5942c2ae77cee1d381035f28e39520d + +Her credit received went to $0.88 from $0.73. + +Her max loss went to $112 from $127. + +Her Delta in the position was reduced (and therefore her directional risk). + +So for no additional capital (and more importantly, no additional risk), she increased her max profit AND reduced her max loss, while IMPROVING her probability of collecting 50% of her max profit (which was her original profit target). The only thing she gave up? The green area from 159 to 173. But QQQ is pushing 200, so who cares? Let's take a look at her break evens now: + +&#x200B; + +https://preview.redd.it/7pxr057yccr41.png?width=1638&format=png&auto=webp&s=f3dd6afbfe1ff4d4c0f28af38ca6632b54e60eee + +Looks pretty solid to me. + +&#x200B; + +I'll do a follow up post once she closes the trade and we can look at any other managements she made and whether or not they worked for her as well as some overall takeaways. + +&#x200B; + +Don't let Vega get your tendies +Not really something I can crow about to friends and family, so crowing here... I'd been getting close to my FI targets, but I recently "found" some money I didn't know I had (a pension - yes, those still exist in a few places - from a place I worked a long time ago... I had known there was \*something\* there, but not how much. I recently found out and it was considerably more than I expected), and then just to confirm, I did an independent retirement readiness consultation that, while more conservative than my calcs, still concluded that I could retire. + +WOOHOO! + +Ok, I'm too old at 56 to call it retiring "early", but I'll take "early-ish". + +Still planning on working for another 6 months to take advantage of some RSU vests that I will use to buy a few toys, but I'll definitely be a "short-timer" (already have been for a while tbh)... wfh a bunch, use up vacation, shorter hours, etc. + +So jazzed to really be thinking in earnest now about my postFI life... I've read enough on this and other subrs etc to have great confidence that postFI is \*exactly\* the life I want to live. + +You all can make it too! (and probably younger than I did) +Hello everyone. I'm 21 years old, currently making 15 dollars an hour at an architectural firm. I have no education beyond high school, and I intend on moving from Illinois to Virginia in about 2 years. I have a long distance partner and their school should finish up in 2 years, so until then, I plan on budgeting as hard as I can for the future. + +I did the best math I could, and assuming I continue to work on average 37 hours a week at 15 an hour (This is likely to go up to 21 in the coming months but hey, plan for the worst.) and this is what I came up with: + +So in about 2 years, Ill have around 60-50k, lets assume the least in this case I have 45k as I'd likely purchase a car during this time, and insurance is a thing. I live practically right next to my job so gas expenses will be minimal, and I don't get out much. Now lets make some even more poor assumptions, lets say within these next 2 years I blow 10k on myself, leaving me at 35k. NOW, lets assume every 3 months I spend 400 on a ticket to visit them, for 2 years, and assume I pay every time, and we'll just top another 10k for that. Then lets subtract another 5k as "Who knows" costs from well... who knows. So I \*should\*(If I spend properly) have 20k saved, a car, and no other expenses in regards to living. + +I would then pack my things in my car, drive 15 hours to my partner, and stay at their place (their mother loves me and is okay with that) and then ride off the 30k as a safety net. Their dad says that he could easily grab me a job, the rest is up to us finding a place to live. + +I am a baby in this world, and adulting is scary. Any advice, changes, or glaring problems? I would like it harsh and to the point. Thank you. +So I've never had such a large sum of money so I already know I'm going to be overwhelmed with what to do with it. I currently live with my mom rent free and have in total about 700 in monthly bills. We plan to have about 40k each so I was contemplating getting a place for myself because living with my family has become stressful these days but I also feel maybe dumping it all into one thing isn't smart. I am very dumb when it comes to finances aside from basic savings, so any advice would be appreciated. +In this low-interest rate environment, would it make sense to leverage personal loans to fund larger purchases (e.g. any type of renovation work, holidays, furniture, etc.) to make sure that your cash can work its magic in the markets? At which interest rate would you be willing to take the risk? + +For us specifically, we have an opportunity to take out an uncollateralized loan at a rate of 3.25% for up to 50k, to be repaid in 5 years. We both have stable jobs (medicine & tech), a healthy emergency fund, and a disposable income of around 4k per month. We're still in the accumulation phase, so can't take advantage yet of margin loans. We already have a mortgage. There are no capital gain taxes in our country (Belgium). + +Running the numbers using Monte Carlo simulation would predict a 75-80% rate of success of generating more than 3.25% return over a 5y horizon (IWDA + EMIM), does this seem realistic or are we underestimating the risk? (Aside from that historical returns do not guarantee future results of course) + +Thanks for sharing your perspective! +DISCLAIMER: Hey guys, had some good discussion with some people and there are some concerns surrounding Mainstar that have people second guessing this post. I also apologize if this post seemed like a call to action, really wasn't my intention. Just was a bit excited. I'm trying to learn from other people on this sub and truly thought this was a good option. We should definitely explore these options in more depth before rushing into it. I've been looking into this for a few months and I would never encourage someone to do anything less. Its good to have such a solid community fact checking each other and bringing up concerns in a civil manner. I'm going to pause on this for the time being, if nothing else though I hope this post has gotten a lot of people looking into alternatives for DRSing IRAs that doesn't create a taxable event. +TLDR: jury is still out on Mainstar Trust + +&#x200B; + +Hello Apes, + +I hope you are enjoying this wonderful dip! I know I am! + +I just went all in with my last $12,000 in my IRA at $91 this morning. + +Since I'm tapped out I decided to seriously start looking into the process for DRSing my IRA WITHOUT creating a taxable event. + +With a special thanks to the people over at [drsgme.org](https://drsgme.org) I decided to follow through on the IRA in kind transfer and boy oh boy do I have some spicy news ([https://www.drsgme.org/direct-register-shares-from-ira-in-kind-direct-transfer](https://www.drsgme.org/direct-register-shares-from-ira-in-kind-direct-transfer)) + +I reached out to Mainstar via their online email form a week or so ago and didn't hear back anything from them so I figured I'd give them a call. + +I spoke to a person saying I have some shares that I'd like to DRS and that I want Mainstar to be the custodian on the account to maintain my IRA status and not create a taxable event. + +They forwarded me along to an account specialist. To which I reiterated my intentions, in the middle of me explaining she cuts me off and says "Is this for GameStop?". I did NOT mention GME at all, just the fact that I had some shares that I wanted to DRS. This definitely jacked my tits. It jacked my tits even more when she said "YES" we can do this for you! + +Q: Would Mainstar be the custodian on the account? + +A: Yes + +Q: And this won't create a taxable event? + +A: No, as long as you do a direct transfer from one account to another. + +Needless to say I'm super pumped! + +I plan on creating a follow up post with more details! + +&#x200B; + +For starters I was told to go here: [https://mainstartrust.com/forms](https://mainstartrust.com/forms) and select the paper work for the account you are trying to transfer over. + +&#x200B; + +See you on the moon apes! + +EDIT: SEE HOW OTHER APES DID THE SAME! [https://www.reddit.com/r/Superstonk/comments/scpxs9/another\_path\_to\_drsira\_with\_no\_taxable/](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/) +Etoro is down. +Fidelity down. +Schawb down. +IB down. + +They are trying everything they can to get those stocks down. They dont even let you buy or sell anymore. + +Something must change. I say that wall street has to fail as a whole. Bunch of scumbags. They really deserve to lose every single penny. + +We stand together. To the moon and valhalla fuck those bastards 🚀🚀🚀🚀🚀 + +EDIT 1 thanks for the awards, keep the money for BB!! +Looks like Robinhood sold out. According to this they will no longer show how many users are holding a stock and will be restricting access to the API. Looks like no more tracking for Robintrack...RIP + +How do you guys think this will affect the "meme stocks" we've seen massive runs in recently? I'm wondering if we will see these types of idiotic squeezes slow down. + +Source: https://twitter.com/Kr00ney/status/1291873556683534342 +# + +[Moon, we are coming soon....](https://preview.redd.it/36zu6q2aq7671.jpg?width=1080&format=pjpg&auto=webp&s=8d951593adfaf25f9fdd29e09ba26f2e696fd4f9) + +# Dear Apes, + +&#x200B; + +I'm writing because I've been Zen for a while now. Short Hedgies know they are fucked but they will continue to fight until Marge comes. In the meantime, GameStop went from a $2.88 target of short hedge funds just last year to the greatest turnaround in the history of the market. + +&#x200B; + +&#x200B; + +Let me explain. Don't worry about SHF (Short Hedge Fund) kicking the can down the road. Seriously, each time it gets harder to do and most costly. They are stuck. They can't tank the price or apes buy more, making the problem even worse. They can't cover because they no longer have enough money and it will bankrupt them. They can't lie to Apes through Main Street Media anymore, they can't trick Apes with fake short interest % or numbers, like a hydra they could shut down this sub tomorrow and 10 will shoot up in it's places. They can shut down Reddit but Apes will regroup other place. Imagine that feeling. No matter what they do, they lose if Apes can HODL strong. + +&#x200B; + +&#x200B; + +&#x200B; + +**Apes own multiple floats at this point. GME has grown to such a problem they are telling the MSM to ignore it. They won't even speak about GameStop unless it's negative.** **That's what GME has become, the elephant in the room about to crush people.** You see, I think they have between 90 million to 500 million counterfeit shares floating around at it's peak. Regardless, let's pretend the numbers are smaller. Let's say they have to buy back 25 million shares from Apes = Hedgies R Fuked. **You have seen what just like a couple hundred thousand shares of actual buying pressure does to the stock. Now imagine millions needed to be bought back all at the same time.** + +&#x200B; + +&#x200B; + +&#x200B; + +Ok, what happens if they allow this to continue. This isn't FUD but a thought experiment. Let's just say that GameStop will continue business as usual. Each proxy, runs the risk of exposing how bad this has gotten. Each ATM raises billions of dollars more for GME to acquire other more profitable gaming companies. Good acquisitions mean more institutional buyers and remember, they have MILLIONs more shares to buy back so share dilution isn't really a thing. Those long whales buys can't be hidden in the Dark Pools and OTCs. That buying pressure sends the stocks up....Boom Marge calls. This loops continues, until GME is now in the S&P 500 and on every major ETF. If Marge hadn't been called, she will be then. + +&#x200B; + +**Do you see the problem? Short Hedge funds literally can't win no matter what happens.** They needed GameStop to go bankrupt. It's not. They need the price lower so they can close without going bankrupt, it's not. If the price drops Apes will make the problem 100X worse by buying even more. Whether it MOASSes tomorrow or they keep kicking the can through some illegal shit, they are still fucked. + +&#x200B; + +&#x200B; + +All this is possible by Buying & HODLing your stock like a normal long investor because you like the stock. + +Game Over, see ya on the moon!! +When I asked them to show me where it says in the terms that referred to this portion + +"The covenants for your community were recorded in 89, prior to air B&B’s, short term rentals.  + +CC&R Article B-Section 4,  Nuisance…Nothing shall be done on a lot which may become a nuisance to the neighborhood.  Article B, Businesses:  No trade, craft business, profession, commercial or manufacturing enterprise or ***business*** or commercial activity of any kind shall be conducted or carried on upon any Lot or within any building located in this subdivision.  " + +My questions are do these terms cover short term rental to you? + +Is this worth fighting? If so what should I do? + +If the terms aren't clear enough and I do it before they change the terms, am I grandfathered in? +I'm happy /r/bitcoin has reached over 3 million users. However the majority of these users are either here for the wrong reasons or haven't done their research or both. + +The most exciting developments in Bitcoin can barely crack 100 upvotes. The list of amazing things that barely see the light of day around here is huge: Lightning Network,Taproot/Schnorr, RGB, CoinSwap, Bitcoin Conference, the #21 Indy 500 Bitcoin car, worldwide Bitcoin charity work, MARA not signalling.. The list goes on. + +The things that get attention around here make me want jump out a two story window. Every other post is about our least favorite billionaire. Claims that Bitcoin's stability is somehow connected to its price get hundreds of upvotes (like we aren't still way beyond our previous all time high). I'm ashamed to admit my most upvoted post here is a tweet from Elon back when this place wasn't yet flooded with it. + +I saw a post about the M1/M2 money supply chalked full of misinformation get over 800 upvotes. No, they did not stop reporting it. No, the M1 does contain savings deposits. No, you did not do your research. + +How many people here do you think have setup a full node? My guess is a tiny fraction. That means the majority of redditors are non-contributing members of the Bitcoin network. Yet they feel the need to vomit their uneducated opinions all over this place with hubris. I'm covered in fucking puke. + +Just to clarify, I understand this place is a meme factory and I will always upvote a solid meme. I think a great meme deserves it's place at the top of the pile. + +Can't wait for the bear market so all you fuck bois disappear and let us talk about the technology in peace. + +EDIT: I'm not knocking people who are here to learn. I'm knocking those who spam us before making the effort to learn or at least before using the damn search bar. + +EDIT 2: To those saying I should try and educate people: + +[My post on inflation](https://reddit.com/r/Bitcoin/comments/n3wyne/the_real_story_of_inflation_and_why_we_need_itcoin/) + +[My post on M1/M2](https://reddit.com/r/Bitcoin/comments/mhjsv5/analysis_of_m1_m2_money_supply_over_the_past_year/) + +EDIT 3: /u/twin_bed pointed out that non-nodes still pay transaction fees, which in turn makes them contributing members of the network. I have to concede that point. Thanks + +EDIT 4: Anyone who thinks this post is pointless, just know I've had multiple people today message me saying I've pushed them to learn more and to even run a node. Mass adoption is not equivalent to the standards of a community forum. Well-Kept Gardens Die By Pacifism + +EDIT 5: I used hubris wrong, thanks /u/C10H24NO3PS I fixed it + +EDIT 6 (the final edit): This opinionated rant has more than 4x the amount of upvotes than the stickied video of the Bitcoin conference. I rest my case. And to those thinking I'm gate keeping, Bitcoin has no gates. It's like, my opinion, man. + +🏆 BEST COMPLIMENT AWARD GOES TO /u/Finance_Lad "I just busted to this post." + +🏆 BEST INSULT AWARD GOES TO /u/BitcoinUser263895 "You are horseshit." + +🏆 BEST ADVICE AWARD GOES TO /u/CisWhiteEarthworm "Embarrassed for a sub? Go outside" + +🏆 WHOLESOME AWARD GOES TO /u/Zealousideal_Neck78 "You have a very foul mouth" + +🏆 BEST CONVERSATION GOES TO /u/AmericanHerstoryX → [click here to read](https://old.reddit.com/r/Bitcoin/comments/ns7tzr/im_embarrassed_for_this_sub_right_now/h0l5bx6/) ← +[**NOTE**]: This thread is from a single person's perspective. Families are probably better off buying if they can't fit comfortably in a relatively small 2 bedroom apartment. This argument is specifically comparing living in a cheapo (relatively speaking) apartment, or buying a 3/2 house in a mediocre, but not completely awful neighborhood. Oh by the way, doing all of this in a nice city in California where real estate prices are completely out of control + +[**NOTE 2**] If you know you're going to be living in the same city for at least 10 years, then yes... buy a house. Even 7 years would make sense + + +Look, I know that home ownership is the "American Dream", and everybody is always thinking ahead to how great it will be when they own their very own home. I've owned two different homes in my life. The first time I owned a home, it did feel really amazing. But, over time, that "New Home Ownership High", wears off, and you're left with the reality (and responsibility) of owning your own home. The key word by the way is RESPONSIBILITY. Home owners are responsible for way more things than a regular renter. All of these things cost a lot of money too. + +So, in my city, where the prices of homes are stupid ridiculous (nice city in Northern California), you'd literally need to pay 500k for a mediocre, but not completely awful 3 bedroom home in a below average, but not completely craptacular neighborhood. + +I'm not talking about any kind of mansion, or anything special at all. I'm talking about 3 bedrooms, and 1750 square feet, just your typical single family home, in a slightly crappy neighborhood. Not a "nice" neighborhood. Those types of neighborhoods start at about 850k. + +Yes, we're talking about an area of the country where the home prices are tremendously inflated, but it seems like this is happening all across the country to one degree or another. + +So, getting back to this 500k house. So, let's say that you lived in my city, and you wanted to buy a 3 bedroom house in a lackluster, but not completely awful neighborhood. Well, you're going to need to come up with half a million dollars. Now, if you want to avoid paying PMI (**Private Mortgage Insurance**), you have to have a down payment of 20 percent. This would be 100k. Yep. No joke. + +You got 100k sitting in your bank account for this? Yeah right. + +Ok, so you'll be paying monthly PMI every single month. Private Mortgage Insurance can be anywhere from .75 percent to 1.5 percent of the loan (annually). The percent you'll pay is based on your credit score and certain other factors. If your credit score is impeccable, you might get the .75 percent rate for PMI. If your credit score is bad, you might get the 1.5 percent rate. Let's just meet in the middle at 1 percent. This would be 5k per year and $416.66 per month. Yes, you heard me right. You're literally going to have to throw **$416.66** per month away, every single month, because you didn't have a 20 percent down payment! + + +You're also going to be paying **property taxes**. Yes, this is something that you've never dealt with if you've been renting all your life. If you've been renting all your life, property taxes are going to be a really, really rude awakening. Let's take that 500k house that I was talking about before. In my area, the property taxes are 1.25 percent annually. 500k x 1.25% = $6,250 + +$6,250 divided by 12 months = $520.83 + + +Let the **$520.83** amount sink into your head. Right now, I'm a renter. I don't own a 500k 3 bedroom house. But I'm also not paying $520.83 every single month in taxes. Each month that I'm renting, I'm literally saving myself $520.83 every month by avoiding home ownership. [That $520.83 could potentially be invested in an S&P500 ETF for example] + +I'm also saving the PMI amount every single month. (Remember, it was $416.66 in our example) I don't need any Mortgage Insurance, because I don't have a mortgage. + +Speaking of insurance though, that brings us to another incredibly expensive aspect of home ownership. Right now, as a renter, I'm unfortunately required to pay renters insurance. This is costing me $150 per year, which isn't too awful. Still, I'd rather not be paying this extra $150. + +Well, guess what, that's nothing compared to owning an actual home and needing real-deal **homeowners insurance**. Remember that 500k home that I've been talking about? Typical homeowners insurance for a home like that is about $1100 to $1300 depending on a number of various factors. Still, either way you slice it, it's a HELLUVA lot more than the $150 that I pay per year. Let's give you the benefit of the doubt and say that you're able to score a great deal on your home owners insurance for only $1150. That's still 1k more than I'm paying per year as a renter. I'm *saving* this 1k every single year by not being a homeowner. Every single month I'm saving $83.33 over somebody paying $1150 per year in house insurance. [Again, this $83.33 could be invested in an S&P 500 ETF with very low fees] + +Ok, so we've talked about Property Taxes, Private Morgage Insurance and Homeowners Insurance, but there's another HUGE monthly bill that we haven't discussed yet. + +**Upkeep and Maintenance costs**. If you think property taxes are this huge hidden fee that you never really took into consideration, well upkeep and maintenance is another scenario that can severely affect your budget. When you're a renter, if you're heater stops working, you call your landlord and your landlord calls the HVAC crew. Same thing if your air-conditioner goes out. Or if your stove and oven no longer work, your landlord has to go buy one somewhere and swap it out. You don't have to cover those costs. If water starts leaking into your living room, you call your landlord, and they have to hire a roof guy to fix the problem. + +Landlords pay for all this stuff, and renters will typically not account for all these costs when they upgrade to being a first-time homebuyer. If the heating unit at your 3 bedroom home goes out and needs to be fully replaced, that could be nearly 5k. Are you ready for that 5k bill coming out of the blue? + +Are you ready for part of your backyard fence falling down in a storm? Don't even get me started on claiming this with your homeowners insurance that you're paying for. If you're smart, you'll have a high deductible, which means this will be an out of pocket expense. Truth be told, you don't even want to involve your homeowners insurance with something like this. So you'll just have to pay for the repair yourself. + +So, another monthly fee that you'll need to deal with is this "proactive" maintenance fee. I'd honestly suggest dedicating $350 each month to a special account. This account should only be touched when you need to do a household repair. $350 per month totals up to $4200 for the year, which honestly wouldn't cover the cost of a new AC unit, or a roof repair. You'd likely still have to come out of pocket for that. But hey.... at least it's a start. + +So, let's take a look at all the money somebody might be saving each month by renting, instead of owning a 500k home: + +1. Property Taxes -------------------------- $520.83 +2. Private Mortgage Insurance ------------$416.66 +3. Repairs/Maintenance ------------------- $350.00 +4. Homeowners Insurance ----------------- $95.83 +5. Water/Sewer/Garbage ------------------ $75.00 + + +TOTAL = $1,383.32 + +I'd save $1,383.32 (-$12.42 per month for my renters insurance). + +Yes, I know that some renters have to pay for Water/Sewer/Garbage, but for me there's no extra charge. Some of the other apartments I was looking at did charge another $50 for that, but luckily, my landlord is eating that, or baking it into the price. Even though Water/Sewer/Garbage is only $50 for a renter, when you own a full house, it's usually a bit more, closer to $75. + +There also could be homeowner association fees for the neighborhood that you're in, or maybe special zoning fees for schools that are being built. I'm not even taking any of that into account. + +I'm also not taking into account how much your monthly mortgage will be compared to your current rental payment. Probably DRAMATICALLY higher. + +I'm currently paying $1350 per month for a 2 bedroom apartment. If I were to get a loan for 500k, at say 4 percent flat, (much lower than it actually is), my monthly mortgage would be $2,387.00 per month. Which is $1,037.00 extra. The grand total that I'd be paying extra for housing each month would be $2,407.03 +If you've been checking this sub for the past week or two, u/DividendCrashCourse has been providing interesting and worthwhile due diligence on the 5 largest Canadian Banks. + +Well, if you took his advice and bought into any or all of them, they all had a nice bounce back today off of their 52-week lows. Thank you, u/DividendCrashCourse, for your excellent information! +Hey apes, I’ve been digging my nose around some SEC / CFTC filings trying to see what I can possibly uncover. I ended up on swaps and thought I would share the data I found. Not sure what exactly to do with it but thought I would throw my progression out there for wrinklier apes in the case it might be useful. + +I started off reading a recent SEC proposed rule filing S7-14-22: https://www.sec.gov/rules/proposed/2022/34-94615.pdf + +“*Rules Relating to Security-Based Swap Execution and Registration and Regulation of Security-Based Swap Execution Facilities*” + +This is a FIVE HUNDRED TWENTY FOUR PAGE document with proposals of amending the Securities Exchange Act with rule-changes regarding the exemption of registration and the rules and regulations of Security-Based Swap Execution Facilities (“SBSEFs”) in addition to exchanges that trade Security Based Swaps (“SBS”). Might need some wrinkles on this because this is a LOT to unpack. + +“*The Commission also is proposing a new rule that, while affirming that an SBSEF would be a broker under the SEA, would exempt a registered +SBSEF from certain broker requirements.*” + +It might be important to note that the the SEC is also requesting comments on this filing. + +*Comments may be submitted by any of the following methods: + +Electronic comments: +• Use the Commission’s internet comment form (http://www.sec.gov/rules/submitcomments.htm); or +• Send an email to rule-comments@sec.gov. Please include File No. S7-14-22 on the subject line. + +Paper comments: +• Send paper comments to Secretary, Securities and Exchange Commission, 100 F Street +NE, Washington, DC 20549-1090. + +All submissions should refer to File Number S7-14-22. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method of submission. The Commission will post all comments on the Commission’s internet website.* + +Anyways, the filing goes on to give background on proposed rules that are being removed from the SEC, and rules that were not approved via the CFTC involving swap regulations. Of course the big boys thought the rules were too broad in scope. + +From page 12: + +*In 2018, the CFTC proposed to make fundamental changes to the SEF (Swap Execution Facilities) regulatory structure. However, according to the CFTC, “several commenters expressed concern over the magnitude of changes” in the proposal. In 2021, the CFTC ultimately declined to finalize the 2018 SEF Proposal and elected instead “to improve the SEF framework through targeted rulemakings that address distinct issues.” Accordingly, the CFTC withdrew the unadopted portions of its 2018 proposal. Currently, the CFTC has no proposals outstanding to further amend its SEF rules.* + +Something in the next page stuck out to me though: + +*Because of the close relationship between the swap and SBS markets, an analysis of swap trading on CFTC-registered SEFs offers insights into the potential development of SBS trading on SEC-registered SBSEFs. Currently, there are 20 non-dormant entities registered with the CFTC as SEFs.* + +I thought, what SEFs ARE registered with the CFTC? Per footnote 17 on pg 13: https://sirt.cftc.gov/SIRT/SIRT.aspx?Topic=SwapExecutionFacilities + +In this link is a list of entities registered as SEFs. A lot of names and information to look through. I welcome some extra apes and eyes on this. + +I was curious, what SEF does Citadel use? + +https://www.businesswire.com/news/home/20130116005774/en/Citadel-Selects-Bloomberg-for-Derivatives-Trading-and-Access-to-Clearing + +https://www.citadelsecurities.com/products/ficc/ + +*Credit Indices +Citadel Securities launched CDX market-making on Bloomberg SEF in April 2016, building on our success in the interest rate derivatives market. Now a consistent top-liquidity provider on Bloomberg SEF, the primary buy-side CDX trading platform, Citadel Securities last year broadened its CDX market-making to Tradeweb SEF.* + +What exactly is a CDX you may ask? + +https://www.investopedia.com/terms/d/dowjonescdx.asp + +*The credit default swap index (CDX), formerly the Dow Jones CDX, is a benchmark financial instrument made up of credit default swaps (CDS) that have been issued by North American or emerging market companies. The CDX was the first CDS index, which was created in the early 2000s and was based on a basket of single issuer CDSs.* + +Ahhh yes, this rings a bell. So let’s see what Bloomberg, Citadel’s favorite SEF, has under the hood. Probably a bunch of shit, wrapped in more shit. + +https://data.bloombergsef.com/ + +A lot of data here for wrinklier apes to parse. What stood out to me is under the Credit section. There is a list of what I am assuming are bundles of Credit Default Swaps. The magnitude of money going through these is incredible. For instance: + +**CDX HY CDSI S38 5Y PRC** - This instrument had volume (USD) of $8.5 BILLION DOLLARS in a single DAY. Amongst others. What am I looking at here? + +Is someone hedging for a crash? Seems like this is 2008 all over again. Again, I would really appreciate some wrinkles on this to help me process this data. Let me know what you think. + +EDIT: I also wanted to add this is my first DD outside of my personal knowledge of transfer agents I shared a while back. Not sure if this classifies as due diligence or only possible due diligence. Let me know if there is anything I can fix formatting wise or any suggestions at all. + +EDIT 2: In the link above: https://www.citadelsecurities.com/products/ficc/ it also states: *Citadel Securities last year broadened its CDX market-making to Tradeweb SEF.* Looks like data on these SEFs is commonly available on a daily basis. + +Tradeweb's is here: https://www.tradeweb.com/our-markets/market-regulation/sef/ + +TW SEF CDS (Credit Default Swap) EOD Data: https://reports.tradeweb.com/public-assets/sef/3/ + +EDIT 3: More information on the naming of these instruments: + +*The major tradable benchmark indices in the credit derivatives space include CDX, ABX, CMBX, and LCDX. The CDX indices are broken out between investment grade (IG), high yield (HY), high volatility (HVOL), and emerging market (EM).1 For example, the CDX.NA.HY is an index based on a basket of North American (NA) single-name high-yield credit default swaps.* + +Source: https://www.investopedia.com/articles/optioninvestor/07/credit-der-index.asp + +CDX = Credit Default Index +HY = High Yield +CDSI = Credit Default Swap Index +5Y = I assume 5-Year Term + +More info on HY CDX: https://www.markit.com/Company/Files/DownloadFiles?CMSID=1ec08990b6814532ad075e242b34160d + +I searched ‘PRC credit default’ and came across this: https://www.hoganlovells.com/en/publications/launch-of-cds-in-the-prc-a-seismic-shift + +https://www.fitchratings.com/research/corporate-finance/china-corporate-bond-default-rate-set-to-rise-in-2022-27-01-2022 + +**Could instrument S38 PRC potentially be Corporate Bond Credit Default Swaps for the (P)eople’s (R)epublic of (C)hina?** + +**Is the instrument I mentioned and others listed a MEGALITHIC BET against the collapse of Chinese corporate bonds (Evergrande???)** + +What else is going on here? +Have always been a goal of mine to earn $2000 a week. I can live so comfortably with that kind of money. +I’m new to this sub, and have been flabbergasting about how much some of you guys earn… + +Currently I’m 21, in my first year of uni. Bachelor of Business and planning to major in accounting. However after lurking through this sub I’ve realised that accounting isn’t the most highest paid field. + +Do you successful people have any tips you want to share? Would mean the world to me. Thanks! + +Edit: THANKS EVERYONE, I DID NOT EXPECT TO GET THIS MANY REPLIES. THANK YOU GUYS SO MUCH. +I’ve rented the same place for 10 years, this year the house was sold to a new owner and we renewed the lease in August. + +Right off the bat, he increased my lease from $1700 to $2400. + +Today he also sent me the real estate tax bill and told me to pay for it. It’s $2253, completely unexpected expense. + +I’ve never had to pay for this, is this common practice? There was also no upfront notice at all about this. I live in MA. + +In August I tried to talk to him about the rent increase and he said either pay or if you don’t leave the property I’ll have you evicted at your own expense. Very rude person and I’ve never in my life been late to pay my lease. I regret renewing but at the time it was so short notice I didn’t have time to find another place and decided to stay here for another year. Sorry for this bit of a rant I’m so upset about this. + +Edit: I just looked at the bill again, $2253 is only for the first 2 quarters of the year.. +My wife has been charging a ton of stuff on credit cards unbeknownst to me. I have a good job , and she works (130k total, pretax), but this is unsustainable. We are both having health issues in our 40s. I have about 50k in retirement that she wants to use to pay down the debts. We have been married for almost 18 years, and she buys a lot of clothes and eats out a lot, mostly with her parents and the kids. We take nice vacations. But nothing that should account for this. She came to me about 3 years ago and said she had run up $20k, then a month later confessed it was 40k. I consolidated that loan in my name. Of course I was angry. She put the credit cards at the bottom of the freezer for a while, but apparently over the last couple of years she has been keeping them hot again. She has had mental health issues before, but acts like all is well. I have a small child, otherwise I'd divorce her. Should I file bankruptcy? What else should I do? +# Yo. + +I have a bunch of DD's I've always working on. One of which has the hypothesis [GameStop was never going to be burned to the ground to be permanently closed. Instead, it was meant to be acquired.](https://www.reddit.com/r/Superstonk/comments/v65pd0/the_burning_cogs_in_the_wheel_part_11_gamestop/) Generally speaking, I have these main objectives for that DD: + +1. Identify participants intentionally sabotaging specific companies / sectors +2. General methods of hostile takeovers initially determined through heuristics, patterns, and improbabilities +3. Growth rate of corruption / bull shit as a qualitative function of time +4. Use collected data / research to determine what's currently going on +5. Continual observation for any other potential tomfuckery. + +It's objective (5) which causes me to not pump out DD as much as I use to (or would like). However, when I came across this specific shitshow detailed below, I knew I had to immediately fucking tell people about this shit. + +https://preview.redd.it/9b11p2v7jtj91.png?width=450&format=png&auto=webp&s=c6d6af5395f889b8944189703ff542afbb1e7613 + +# United Talent Agency and UTA Acquisition Corporation + +[United Talent Agency's Wiki](https://en.wikipedia.org/wiki/United_Talent_Agency) has the most useless sounding description with a bunch of nothing meaning. + +https://preview.redd.it/zu8ndbgpjtj91.png?width=631&format=png&auto=webp&s=9e20a8af07c7dc1e1fea51fd026b890d0405fcc0 + +It's all bull-shit jargon meaning they're purposefully being vague about what they're actually fucking doing because what they're actually fucking doing is super corrupt and most likely done through hostile takeovers. So... United Talent Agency recently created UTA Acquisition Corporation (UTAA) so they literally could do just that and [buy gaming, digital media companies with new SPAC](https://www.latimes.com/entertainment-arts/business/story/2021-12-01/uta-spac-video-games). + +[UTA straight up saying they're going to start some shit](https://preview.redd.it/fa51gi9dqrj91.png?width=1620&format=png&auto=webp&s=5eedb4b08453ff5c98292456875dacdf62e484b5) + +Well, fuck. Let's go see what the SEC company filings have to say on all this bull shit. + +# Looking up this shithole's filings + +This [UTA Acquisition Corporation nonpublic draft registration statement](https://www.sec.gov/Archives/edgar/data/1879221/000156459021046767/filename1.htm) filed on 09/01/2021 is of my greatest interest, and one that is most referenced to within this DD. + +First, UTAA (UTA Acquisition Corporation) "is a newly is a newly organized blank check company incorporated on July 15, 2021 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination." + +https://preview.redd.it/ptc5aauousj91.png?width=1429&format=png&auto=webp&s=08e35d59debad4f6b146717463d5e6ca9579911c + +UTAA is a pop-up company that can send like $250M to the Caymans, so all that whore money doesn't have to be taxed. + +Alright. Sounds cool. Let's start this rabbit hole. + +# Ready for an Emotional Rollercoaster? + +https://preview.redd.it/vjkd6il0vsj91.png?width=1015&format=png&auto=webp&s=dcaa1e38381a90c856a49ed0129a387a52e9bdfd + +# Current UTAA Board Members + +Former GME board members, Fils-Aime and Vrabeck, who were forced to resign in 2021 quickly found new employment at UTA. + +https://preview.redd.it/quvp5dmlnrj91.png?width=3364&format=png&auto=webp&s=647bed7f60689d7450d8e7f16c4f8ce502a68f83 + +Within one of the [UTA Acquisition Corporation SEC Form S-1](https://www.sec.gov/Archives/edgar/data/1879221/000156459021046767/filename1.htm), Fil-Aime's and Vrabeck's professional backgrounds were listed but neither mentioned GameStop despite maintaining very high leadership roles for a while. + +[On March 9, 2020, GameStop announced Fils-Aime joined its board.](https://news.gamestop.com/news-releases/news-release-details/gamestop-appoints-reginald-fils-aime-william-simon-and-james) + +[Fils-Aime: GameStop article \(left\) and UTA Acquisition Corp S-1 \(Right\)](https://preview.redd.it/j8ikrmw4psj91.png?width=1428&format=png&auto=webp&s=d672c755ef7c09e4cc64a384c83f259d7de787ad) + +[On June 22, 2012 GameStop announced Vrabeck joined its board.](https://news.gamestop.com/news-releases/news-release-details/kathy-vrabeck-elected-gamestop-board-directors) + +[Vrabeck: GameStop article \(left\) and UTA Acquisition Corp S-1 \(Right\)](https://preview.redd.it/ywqswjqrpsj91.png?width=1849&format=png&auto=webp&s=ee909d3295c0cb200640cc1fe7c25a0bb00a2662) + +On May 11, 2020, [GameStop Recommended Stockholders Vote the BLUE Proxy Card to Support ALL of GameStop’s Independent, Experienced and Highly Qualified Directors](https://news.gamestop.com/news-releases/news-release-details/gamestop-recommends-stockholders-vote-blue-proxy-card-support). The more notable bit from that article is the *persuasive* argument detailing how the nominees from Hestia and Permit Capital were members of a proxy battle. + +Just look at this shit, and the assclowns they're hyping up. What a fucking joke. + +[A plunger brings up better useless shit than this](https://preview.redd.it/txwg975kssj91.png?width=901&format=png&auto=webp&s=0ade2e14db4851aeb38f91cdc5a71822d397f100) + +Looking more closely at the above UTAA insiders table, we come across an unexpected surprise!!! + +# Alexis Ohanian - Reddit co-founder & Former Executive Chairman + +https://preview.redd.it/veqj3c3azsj91.png?width=1180&format=png&auto=webp&s=0bb937790c7c13feee08ee1e2c4de980b108fcff + +Ye. Just like the shit-hole GME board members, Reddit's [Ohanian is sa part of this fucking bullshit, too.](https://www.sec.gov/Archives/edgar/data/1879221/000089924321046499/xslF345X02/doc3.xml) + +https://preview.redd.it/3bl3ryg43tj91.png?width=1073&format=png&auto=webp&s=9ece9fd57e4d31a070147651865f8ea7bab0949e + +UTAA even included him in one of their [SEC filings](https://www.sec.gov/Archives/edgar/data/1879221/000156459021059342/uta-424b4.htm). So presh. + +https://preview.redd.it/jvak1aadysj91.png?width=1028&format=png&auto=webp&s=e702b166a24f522cacbb667cf5737c8c84d89b68 + +Let's check out the Reddit side of things before moving on to the other shit. I'm sure nothing could be going on with our beloved Reddit. + +# Reddit + +[Reddit Form D](https://www.sec.gov/edgar/browse/?CIK=1713445) isn't at all sketch with those sudden massive investment offering amounts along with sudden drastic changes in leadership that seem oddly timed to Ohanian' becoming a UTAA director or the Jan 2021 sneeze. + +[Reddit SEC Form D](https://preview.redd.it/giyb5oc58tj91.png?width=1041&format=png&auto=webp&s=993b1a8f7563f204aa61bead1d9919d0e5c2447f) + +These [Reddit Investors](https://www.crunchbase.com/organization/reddit/company_financials) are totally nothing to be worried about. These big banks have always been too big too fail that's why they survived 2008. We can trust them... always. + +[Reddit Investors](https://preview.redd.it/syg6dgjcatj91.png?width=1844&format=png&auto=webp&s=1b2fd1f1cf14fb1b6d72b9bc2da340d05b0a294d) + +Reddit seems to be in tip-top shape. Let's go back to UTAA!!! + +# Bruh... Just like... Jesus Fucking Christ, man. + +Look at [this fucking UTAA fucking 10-K filed on Mar 30, 2022](https://www.sec.gov/ix?doc=/Archives/edgar/data/1879221/000156459022012592/uta-10k_20211231.htm) talking about their fucking stupid fucking fucked up IPO. + +[UTAA 10-K](https://preview.redd.it/mn1cvkz42tj91.png?width=1283&format=png&auto=webp&s=f5f43646c15806b643dc1115596da513f06b6ede) + +Wanna add another reason why nothing big happened at the beginning of this year? That fucking date... January 24, 2022... [UTAA decided to allow its 100% totally legitimate stock holders to trade.](https://www.sec.gov/Archives/edgar/data/1879221/000156459022001775/uta-ex991_6.htm) + +https://preview.redd.it/xeygkcigotj91.png?width=1078&format=png&auto=webp&s=b00ccb968c778e9acb5df8502155a8ea8441811c + +I'm trying to keep this not too lengthy since I have all these other book long DDs I'm working on. Thus, as a final touch, here are the important UTAA events along with corresponding GME OHLC for that date. + +[UTAA Events versus GME OHLC](https://preview.redd.it/wyi3waj4ttj91.png?width=1950&format=png&auto=webp&s=01aee1260414a2c69c289d69cb08e0dfa90a93c9) + +# TLDR: + +* United Talent Agency is a bull-shit company that create UTA Acquisition Corporation to target video game companies via hostile takeovers +* GME board members who "retired" in late 2021 quickly became UTAA directors. +* Reddit's co-founder (and former executive chairman) sold out thus providing actual concrete evidence Reddit is compromised +* UTAA important event dates are really super suss especially Jan 24, 2022. + +&#x200B; + +Hold The Line +I was looking for a good financial podcast to listen to on my way to work but I couldn’t seem to find what I was looking for. I don’t dislike Dave Ramsey (despite thinking he is wrong on a few issues) but I’d rather not listen to someone who intertwines their religious views in their podcast. + +———————————————————————— + +Update: It’s not that I’m “offended” or put off by his religious views, but I was just wondering if there are different shows that may cover similar material and not incorporate religion in their show. + +And to those of you who are sending me private messages: I’m not saying you are “dumb” if you listen to Dave Ramsey nor am I saying he shouldn’t mention religion; it is just a preference of mine to not have that in a podcast about finance. + +Thank you so much for all of your wonderful answers and the gold!! I now have enough material to get me through a life time :) +Looks like they also increased their bull scenario to a stock price of $5,905 based on the excel sheet. Also, this is based on a five year horizon... I like Cathie Wood but this seems ridiculous. + +&#x200B; + + [https://ark-invest.com/research/tesla-valuation-model?utm\_campaign=Research%20Newsletters%202019&utm\_source=hs\_email&utm\_medium=email&utm\_content=73019069&\_hsenc=p2ANqtz-8bXbyXB838bZp-N5ZnrJ-vtdLKtkmC6QxB3--SqmX0tQomEfmO0c5C2Fyt9W6acNgWPZaxWQWzTco\_EF1RqMBJXOT3og&\_hsmi=73019069](https://ark-invest.com/research/tesla-valuation-model?utm_campaign=Research%20Newsletters%202019&utm_source=hs_email&utm_medium=email&utm_content=73019069&_hsenc=p2ANqtz-8bXbyXB838bZp-N5ZnrJ-vtdLKtkmC6QxB3--SqmX0tQomEfmO0c5C2Fyt9W6acNgWPZaxWQWzTco_EF1RqMBJXOT3og&_hsmi=73019069) +One organization should not play such a powerful role in which coins succeed and which don't. A foundational reason why crypto is supposed to be a game changer is decentralization. But somehow what transpires in the cryptosphere is that one centralized organization picks and chooses which coins get added, manipulating the market. + +Did you notice Bcash going up a lot before it was added? Insider trading. Coinbase is corrupt just like most banks and financial institutions. + +FUCK COINBASE. + +Thanks for listening. + +Edit: I'm not complaining about "missing out on bcash." It's bad that one organization has such a powerful role in manipulating the market and I have a hunch [insider trading](http://www.bbc.com/news/technology-42425857) occurred. With time CB will lose market share and hopefully we'll see more liquidity in the market soon. +link to previous post: [https://www.reddit.com/r/personalfinance/comments/8ahdr4/wife\_and\_mostly\_sole\_breadwinner\_lost\_job/](https://www.reddit.com/r/personalfinance/comments/8ahdr4/wife_and_mostly_sole_breadwinner_lost_job/) + +&#x200B; + +We made it through the summer and wanted to thank you all for your comments. In particular, the posters who recommended we not apply for COBRA until after a health emergency occurred. My wife found comparable employment and your advice allowed us to conserve most of our savings because, thankfully, everyone stayed healthy. I'm still in school and secured a summer internship for my new field, and am still employed part time with my previous position. Cannot thank my employer enough as they allowed me to work full-time during my wife's job search and go back to part time when she got hired and I went back to school. So anyway, thanks to everyone who had such great advice! + +&#x200B; + +Edit: Thanks for all the congratulatory messages and the gold! Also glad that somebody in the same situation in the future will know more about COBRA rules. + +Edit2: think=thank +Alright so, A few weeks back I posted about the shady situation I found myself in, as [Fidelity didn't have all of my GME shares available to vote](https://www.reddit.com/r/Superstonk/comments/uo3fcu/update2_fidelity_hasnt_found_where_10000_dlls/). + +I shared on SS and they were popular posts with lots of comments, a good chunk of which were along the lines of "*if youre on margin, you had it coming, you shoulda known better*". + +I trade options, some naked.... but that is not the point. My point was really, how can those shares be lent when YOUR OWN POSTS ON REDDIT and YOUR OWN CUSTOMER REPS constantly tell you they cannot lend those shares if you're not on a margin debit? + +That's all I wanted. Reconciliation - I wanted them to either admit they're rehypothecating my shit to oblivion, or that they make it clear to people they can still lend your shit even if you're not on margin debit. To those not trading naked options, having that explicitly detailed may deter them from trading on margin and just switching to a cash account. + +Well, I finally got a response from Fidelity after some back and forth via secure email, and they've updated their own fidelity subreddit on it. + +Fidelity's update has just been updated and pinned their fidelityinvestments subreddit. I wont link cause I think that will get this post removed. + +&#x200B; + +*" After a review of a customer’s question which focused on how shares could be loaned from a margin account in the absence of an open margin loan, we realized it was important to clarify that a margin loan, although the most common account activity that renders shares available to lend, is not the only account activity that results in Fidelity extending credit to a margin account customer to support the customer’s account activity. "* + +&#x200B; + + + +*"We are updating our securities lending table below to include these two scenarios that we had not identified at the time of the original posting.* + +***Updated Securities Lending Scenarios*** + +*Can Fidelity lend my securities?How much can Fidelity lend?Margin account with a loan/ debit balanceYesUp to 140% of the value of your loan when factoring in uncovered option requirements and/or short position mark to market in the loan calculationMargin account without a margin loanYes, if a net liability incurred due to: 1) Uncovered option positions 2) Short positions with adverse price movement1) N/A if no debit and either no uncovered options or short positions 2) Up to 140% of the value of your loan when factoring in uncovered option requirements and/or short position mark to market into the loan calculationCash account (no margin)NoN/A* + +*A natural next question you may ask is how can I tell if my shares are being lent out? Any extension of credit by Fidelity can result in your shares being available to lend. However, when Fidelity lends shares, Fidelity lends from the overall pool of shares available to lend. These loans are made without designating which specific customer’s shares were lent for a particular loan or have been lent at all. Our account-level records indicate merely which shares were available to lend, but not which specific account’s shares were lent."* +As the title says. + +Am I wrong for wanting to only invest in shares due to the pure ease and convenience, and continue renting? This way I’m never tied down to a mortgage, while also receiving semi consistent dividends through my portfolio. Or is this stupid and I should be thinking about doing both? + +Thanks in advance. +I have heard many people say ''If I had 500'000 I would buy an appartament and I would rent it'' + +My question is : why (in your opinion) a lot of people decide to buy appartaments and then rent them out instead of stock market? If you rent to Air BNB in some esotic places when you buy a big house for relativley cheap could you end up renting it for 300$ per week and make a lot of money? +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! + +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! + +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! + +Those who have watched the movie The Big Short will probably remember Michael Burry pointing out that before every recession fraud rates go up, this has been true for every recession/depression starting from 1929. + +The same has already started at least for UK and India. Financial fraud rates are at an all time high. But due to excessive quantitative easing by central banks the markets are totally immune as of now, I am kind of worried what is going to happen, if those indicators turn out to be true. I just started earning and have already started investing in stocks. + +Since my last post drew a lot of flak for not providing data, here are some sources: + +[https://www.experianplc.com/media/news/2020/fraud-rate-rises-33-during-covid-19-lockdown/](https://www.experianplc.com/media/news/2020/fraud-rate-rises-33-during-covid-19-lockdown/) + +[https://www.livemint.com/money/personal-finance/debit-credit-card-rules-changed-from-this-month-set-limit-switch-it-off-when-you-don-t-use-11601630769802.html](https://www.livemint.com/money/personal-finance/debit-credit-card-rules-changed-from-this-month-set-limit-switch-it-off-when-you-don-t-use-11601630769802.html) + +[https://www.financialexpress.com/industry/banking-finance/bank-fraud-24-directors-of-ghaziabad-bank-booked-for-embezzling-around-rs-100-crore/2087899/](https://www.financialexpress.com/industry/banking-finance/bank-fraud-24-directors-of-ghaziabad-bank-booked-for-embezzling-around-rs-100-crore/2087899/) + +[https://thewire.in/tech/financial-fraud-rising-because-of-more-digital-payments-ajit-doval](https://thewire.in/tech/financial-fraud-rising-because-of-more-digital-payments-ajit-doval) + +[https://www.helpnetsecurity.com/2020/09/28/covid-related-fraud-schemes/](https://www.helpnetsecurity.com/2020/09/28/covid-related-fraud-schemes/) + +[https://www.dqindia.com/growing-popularity-gift-cards-becoming-attractive-target-fraud/](https://www.dqindia.com/growing-popularity-gift-cards-becoming-attractive-target-fraud/) +Not sure if i should be posting here, but what am i supposed to do if i leave? What do i do with our 401k or things of that sort? + +I'm not sure i want to work for a company like that. +They want us to be "passionate" and almost enforce it. I'm not sure if i should look for another employer or stick it out, im not very comfortable working for a company that says things like that. +If i quit what are some things i can say to my next employer if i begin to apply? I have already gotten contacted by multiple employers for hire but have rejected most because i was working here. +What do i tell employers in interviews what happened if i do leave my current position and decide to leave? Like what do i say? I left because my employee was a crappy company? +I have enough saved up to not have to worry about money, and i have been thinking about going back to school anyways. +But what im worried about is what to tell other employers about what happened here, what should i tell someone who is hiring me the reason for me leaving other than saying the company has bad management and doesnt respect their employees? + +*Edit 1:* should also note that 3 other employees have already left since ive been here and our new hire didnt even last a week and didnt come in today to work. + +This isnt a sudden issue. Its been happening for a while now. + +*Edit 2:* I work in marketing/running an ecommerce store. + +*Edit 3:* This is the first time i have a 401k, and health insurance + +*Edit 4:* Should i complain about this issue to our HR department? + +EDIT 5: I will not contact HR as you guys have told me, i started looking for another job thr same day as i posted this and have an interview today at 2! + +Thanks all for the help! I thin i will be anonymously put a complaint on our supervisor since she has gotten them before. Will update when i can! +Over the past few months I’ve been watching stocks fall and monitoring them just as everyone else. I tried to keep a large diversified portfolio and like most of the people my portfolio has been down like everyone else. Except that I’ve noticed that most of my positions are more down YTD than most of the global indexes like sp500 or DJIA. So I kept going over and over the companies and comparing their YTD to sp500 and almost all of them are down way more than the spy. + +Before I go on any further, I work in commodities so I don’t ever directly invest into commodities companies simply because I’m aware of the potential risks and volatility and I guess it makes it seem like a very tough position to trade due to high sensitivity of volatile markets. + +In any case, I wanted to get to the bottom of this seemingly disconnect between the average fall of most of the companies and the overall stock market. It was especially weird because the largest heavyweights are your apples amazons and facebooks. So I looked at the performance of [each individual component of SP500 on a YTD basis](https://www.slickcharts.com/sp500/performance). I knew that the oil and agricultural stocks have done well this year but the extent has been baffling. Going through the list I got spot 26 (25 actually due to 1st place glitch) before I could find any company that was up YTD that is not agricultural, commodity or oil related. And the pattern sticks. Out of the 127 companies still green YTD I believe about 90% are oil, agricultural or other commodities related companies, with a much higher skew in the top gainers. + +So you might ask yourself, so what? We all knew oil and agricultural are doing well this year, what does have to do with the market overall? Well, I keep seeing on a daily basis discussions and charts about how the market is “only” 20% down and if the history is a guide then there’s more pain to come. I mean could be, I’m not claiming to know the future, but what I am trying to say is that very unique market conditions are giving a wrong impression of the market. Unless you’re specifically invested in commodities, most of the companies you own are already down YTD what they would in a typical market crash (eg Amazon down over 40%). A market crash of 30-40% is quite standard and taking away the outlier of commodities we’re right around that mark. Nasdaq is closer to 30% and at this point it’s probably a more fairly accurate representation of the state of the market. Looking back at previous recessions (2007 and 2001) I cannot pick up a pattern of multi-trillion dollar industry enjoying an unprecedented level of success at a time of general pain and bear market I.e. I do not believe that the skewed market conditions are representative of normal market crashes. + +This is a working theory and I’m happy to have it critiqued and discussed +***‘A large market correction, should one materialise, would encourage more professional selling that could overwhelm the buy-the-dip retail investor.’*** + +That’s **Mohamed El-Erian, Allianz’s chief economic adviser**, explaining in [an op-ed for the Financial Times](https://www.ft.com/content/e50812f0-51c1-4f8c-9072-21eb0eb8cb9d) how action in the options pits should be taken as a warning by retail investors who have been cashing in on the stock market’s relentless push higher in recent months. + +“The seemingly endless rally… gives the impression that prices are endorsed and supported by the entire professional investment community,” he said. “After all, despite the vocal concerns over valuations having split away from underlying corporate and economic fundamentals, few fund managers have been willing to challenge the market by placing outright shorts. “ + +However, “sophisticated investors” are expressing their cautious views with the use of derivatives, and El-Erian says the mom-and-pop types should take note. + +“It is hard to overstate the extent of today’s risk-taking in U.S. financial markets,” he wrote, pointing to the explosive moves in a small number of high-flyers, such as Apple [**AAPL,** **+3.98%**](https://www.marketwatch.com/investing/stock/AAPL?mod=MW_story_quote), Tesla [**TSLA,** **-4.67%**](https://www.marketwatch.com/investing/stock/TSLA?mod=MW_story_quote) and Amazon [**AMZN,** **+1.39%**](https://www.marketwatch.com/investing/stock/AMZN?mod=MW_story_quote). + +“Much of this could be seen as market deepening were it not for one troubling fact: corporate and economic fundamentals have yet to reflect a sustained and convincing recovery from COVID-related damage,” he said. The rebound in consumption is slowing, initial jobless claims are back to the 1 million level for a second straight week, bankruptcies are rising, and, according to El-Erian, it’s looking like these short-term disruptions are about to become long-term scars. + +“Rather than a well-thought-out bet on the future, stocks reflect many investors’ resolute faith in a consistently favourable and predictable liquidity environment,” he wrote. “It is a backdrop anchored by reliable stimulus from central banks.” + +On the surface, the same can pretty much be said for what we’re seeing in the derivatives market, but there’s more to it than just that. + +“The fear of missing out on an unceasing equity rally has increasingly been expressed through call options,” El-Erian said. “Those who would normally short the market on concerns of excessive valuations appear to have no desire to be steamrollered once again by favourable liquidity and the strong ‘buy-the-dip’ conditioning that comes with that.” + +He pointed out that buying call options limits risk and gives traders the ability to take strategic shots at capturing rallies. At the same time, the smart money is hedging bets with downside “tail protection” to guard against the inevitable sharp declines. That’s why we’re seeing the VIX volatility gauge [**VIX,** **-1.09%**](https://www.marketwatch.com/investing/index/VIX?mod=MW_story_quote) decouple from equities, another sign, according to El-Erian, that retail investors are particularly vulnerable when the sellers take the upper hand. + +Read More: [https://www.marketwatch.com/story/the-pros-are-getting-ready-for-a-market-crash-retail-investors-not-so-much-top-economist-warns-11598970447](https://www.marketwatch.com/story/the-pros-are-getting-ready-for-a-market-crash-retail-investors-not-so-much-top-economist-warns-11598970447) +I've been pretty interested in dividend investing and feel like it is definitely my kind of investing. I'm 22 and have managed to invest $9k in a dividend portfolio that I created. I'm looking for some advice on my portfolio and would love to hear your suggestions and thoughts. + +View my portfolio here: [https://m1.finance/IRvQ1LjkMWAz](https://m1.finance/IRvQ1LjkMWAz) +Like many people here, discovering this subreddit changed my life. I am an immigrant and I immigrated here when I was a teen with my parents and sister. We lived in a LCOL area and my parents' combined income never exceeded $45k. However, they still managed to buy a house, everyone had a car, and we lived pretty comfortably. However, there was no room for savings. We come from a country where saving money is less realistic than seeing a unicorn, so income in always equaled spending. Fast forward to 2010 at the height of the recession and both of my parents lost their jobs (I was in college at the time). The difficult times we went through during that time as well as discovering this subreddit right after graduating from college would define how I look at money and would lead me to where I am today. + +Sometime early in life I realized that academic success was my way out of the poverty cycle. My parents were incredibly supportive and gave me every opportunity to succeed. In high school I worked 35-45 hrs/week while also managing to graduate as valedictorian. I got into a top 3 school in the country and graduated in 2012 with a degree in engineering. + +I got my first job starting at $55k/year in NYC. After taxes, health insurance, etc. my take home pay was around $2800. My rent was $1100, transit was $150, and food in NYC is expensive. I quickly realized that although I was making more money at 23 than both my parents combined had ever made, without some cutbacks I would live paycheck to paycheck and never get anywhere. Around this time I also discovered /r/PF and everything changed. + +I am not a spender by nature and I am not into fancy clothes, shoes, purses, electronics, etc. I like good food, I like going out, and I like live music and sports. So I spend money on these things. I don't really have a budget and I don't know my savings rate. I just know that whenever I buy something, I make sure I really need it and I try to get the best deal possible. I try not to spend money on frivolous things (lunch, coffee, $15 cocktails, expensive purses and clothes). I save a lot of money on rent by underspending - yes it's possible even in NYC. I live with my boyfriend and even though our combined income would have allowed us to move into a $3000 apartment at the time, we found one for $1700 just outside of NYC and lived there for 5 years, even though our incomes had almost doubled in that time span. By the time we moved out, my share of the rent was only 12% of my salary ($880 on a $94k/yr salary). My salary kept increasing from year to year, while I tried to keep my expenses steady (I did suffer from some lifestyle inflation, but not nearly enough to match the increases in my income). + +My salaries went from: + +2012 - $55k + +2013 - $58k + +2014 - $62k + +2015 - $66k + +2016 - $74k + +2017 - $86k + +2018 - $94k + +Savings: + +* I have been maxing out my 401k for the last 3 years. Before that I had never put aside less than $10k/year. I get a 10% match from my employer which has added anywhere from $5k to $10k year. +* I save all my profit shares. They go straight into my Vanguard or my IRA +* I max out my Roth IRA every year +* I get paid once a month so whatever is left over in my bank account at the end of the month goes straight to savings. That means it was extra money that I didn't need. Over the years this amount has changed drastically. Some months it would be $300-400. Recently, as my salary has gone up, this amount could be $3k. If, for example, it's February and it's frigid and we don't do much socializing, my expenses come down to rent, groceries, take our a few times a months, and that's it. Sometimes this is less than $1600/month, which means that the rest of my salary is extra. This goes straight to Vanguard. + +My [Net Worth Chart](https://imgur.com/a/KYqvQJi). That one big jump is when I linked my 401k to Mint. + +[My asset allocation](https://imgur.com/Z36E4IE) + +Not shown are the almost $30k I've paid off on my parents' apartment. This apartment is in my name due to their credit issues, and will be mine to keep when they are gone. However, they pay it off. I know rule #1 on this sub is to not do this for family, but my parents are literally the only reason why I am where I am and I owe everything to them. I have paid off $30k and there is $30k left on the mortgage. I plan on paying it off and "gifting" it to them when I'm done, thus liberating them from the mortgage. I've thrown any excess money there (so any bonuses, any money left over at the end of the month) has gone there which is why my Vanguard and is low compared to 401k. They don't know I'm doing this for them and would/will kill me when they found out, but I can't wait to surprise them :) Technically the apartment is in my name so it's part of my net worth but it won't be mine to sell for hopefully a very long time, and I hope to be FIRE long before that, so I don't count it as part of my FIRE goals. My parents also signed over our house in my home country to me and that's worth around $120k. However, it's also excluded because I would never sell it due to sentimental value. + +I am 28, will be 29 in a couple of months. My goal was $300k by the time I'm 30 and I think it's doable. Overall, I know I'm extremely lucky - lucky to have a supportive family to allow me to build a career that pays me very well that allows me to have a high savings rate. My goal is to become a millionaire by the time I'm 35. I don't know how realistic this is but I don't plan on changing anything in the meantime. I will continue to go to concerts, to sporting events, I will continue to eat out a couple of times a week, I will continue traveling a couple of times a year, and I will continue not spending money on stupid stuff. My salary will continue to grow while my spending will remain steady. My net worth will continue to climb at a steady pace, and I look forward to just watching that number grow. I'm not tied to any deadlines or any expectations. I just want to take advantage of the fortunate situation I'm in and I want to give myself the flexibility that has alluded a lot of people. + +Feel free to ask me any questions :) I just wanted to share my story since I never dreamt that I would have this much money in my life and it's an incredible feeling knowing that not only am I financially stable, but I am able to help out the people that helped me get to that point. +Wanted to get some opinions on this. I am reluctant to reveal current pay levels or even share my payslip to the recruiter because I think the new employer should be looking at my skills and ability to perform via the interview process as an indicator on what to pay me for the new role. Another reason why is because I don't want to be pegged to my current earning levels because I am underpaid in my current role and it isn't "fair value" for the experience I actually have. Any thoughts fellow Redditors? + +edit: p.s. admin please remove post if it's not relevant +edit 2: thanks for all the insightful responses everyone! Am in the final offer stage now, hoping to land something good. Will keep the thread updated. + + After just about 2-3 weeks of greatly slowed marketing, Frog.Finance is coming back in full force. We’ve seen all of the brand new shitcoins that pop up on here every day, and we’re all familiar with the typical pattern for these tokens. They pump 10x on release, dump back down, and never recover. While many said this would be the fate of Frog.Finance, the token is showing promise that they will pull a Hoge and skyrocket from here. + +**The Basics** + +For those of you new to Frog.Finance, it’s your typical deflationary and reflective token on the surface. However, looking deeper, it’s far more. Frog.Finance has designed its project around future utility. Notably, there aren’t egregious fees on every transaction. While some projects can have their reflection or burn rate set at upwards of 10%, Frog.Finance chose to employ a classy 2% fee on every transaction. This means that tokens still get burned and holders still get rewarded, except you don’t get screwed when trying to use the token. + +Frog.Finance has several long-term goals, chief among them building an NFT marketplace that will serve as the one-stop-shop for meme NFTs on the Binance Smart Chain. The number 1 problem with NFTs right now, especially on the Binance Smart Chain, is that there’s no recognized standard or authority for them. Frog.Finance’s marketplace would offer that, as the NFTs sold on there would be recognized as legitimate and allowed based on the discretion of the Frog.Finance team. This ensures that any NFTs you own will maintain their value due to their verified status as a part of this ecosystem. + +On top of this, Frog.Finance has implemented yield farming for liquidity providers. The model that they’re using is an innovative form of farming that is both self-sustaining and rewarding to long-term farmers. They do this by implementing a tax on every deposit and withdrawal of LP tokens from the farm that goes straight to supporting the dividends pool, which is paid out in return to the actual farmers. Since launch, the average daily return rate has hovered near 1% and it is expected to remain near that figure in the long term. + +The Frog.Finance team has many ideas for the future, including becoming a yield aggregator and implementing lotteries using Frog that would both burn tokens and add to liquidity. They’ve been incredibly open and transparent about the project, and are active in both our telegram and discord communities. Every suggestion that has been proposed by the community has been at least acknowledged by the team, with many suggestions actually being implemented shortly after being introduced. + +**Tokenomics** + +As I noted above, the tokenomics of Frog.Finance are fairly simple. + +Name: Frog.Finance + +Ticker: $FROG + +Total Supply: 10 Billion Frog + +Circulating Supply: 4.5 Billion Frog + +Tax: 2% on each transaction, 1% burned and 1% redistributed to hodlers + +I think their tokenomics, and especially their supply, are set up to be a strong balance of different ideas. For one, their supply is 10 billion, which means that your holdings of Frog are actually going to be readable, in contrast to a lot of the “SafeX” shitcoins lately. However, the supply is also high enough that when Frog.Finance inevitably moons, people can still get a significant number of tokens when they buy in! While that doesn’t make much of a difference to a lot of you, there is something to be said about the marketability of getting a middling amount of tokens, rather than tons or very few. + +**Charity** + +One thing that really sets Frog.Finance apart from its peers is that it actually has a partnership with a major charity, in contrast to the myriad of “Charity Tokens” that pop up every day promising to donate to charity. Frog.Finance actually accomplished what they all promise to do. Their official partnership with the #1 amphibian nonprofit in the world, SAVE THE FROGS!, provides a massive amount of credibility and strength to the proposals put forward by the team. + +Another point I’d like to make here is that Frog.Finance was not created to specifically be a charity token, but it chose to become one after discovering the opportunity they had to make a genuine impact on an issue they care about: the conservation of frogs. #FrogFinanceCharity + +Proof:[ https://savethefrogs.com/frog-finance-crypto](https://savethefrogs.com/frog-finance-crypto) + +**My Thoughts** + +I’ve sprinkled my opinions of the token into the various sections throughout, and if you couldn’t tell, I’m very excited about the project. I think its fundamentals and team are strong, and they’re doing all of the right things to ensure long-term success for the project. I'm almost always a lurker, and hardly ever post about anything related to crypto, but this project makes me excited enough to justify making a post like this. Naturally, DYOR, but I think this is a solid buy, especially at its current market cap of 400k. + +**Links** + +* Website:[ https://frogfinance.xyz/](https://frogfinance.xyz/) +* Subreddit:[ https://www.reddit.com/r/FrogFinance/](https://www.reddit.com/r/FrogFinance/) +* Discord:[ https://discord.gg/REEYvTjN3](https://discord.gg/REEYvTjN3M) +* Telegram Channel:[ https://t.me/FrogFinance](https://t.me/FrogFinance) +* Twitter:[ https://twitter.com/FrogFinanceDev](https://twitter.com/FrogFinanceDev) +* Medium:[ https://frog-finance.medium.com/](https://frog-finance.medium.com/) +* Price Chart:[ https://goswappcharts.web.app/?isbsc=true&tokenId=0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5](https://goswappcharts.web.app/?isbsc=true&tokenId=0x035f0470755dbb305fb2b4ff775fb7b4ce2354e5) +* Buy On PancakeSwap:[ https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x035f0470755dBb305fB2B4Ff775Fb7B4Ce2354E5](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x035f0470755dBb305fB2B4Ff775Fb7B4Ce2354E5) +I subscribed to the premium 1 month free trial of linkedin. I canceled before the month was up and still got charged. I contacted them and they are issuing a refund but when I see the amount they are refunding it doesn't include sales tax, so now I have a $75 charge to my account for a refund. Who do I contact about this? I went through PayPal, do I contact them or my bank or do I just get charged for a transaction that shouldn't have happened? +Hello, + +A year and a bit ago I asked for thoughts on '[falling off the fatfire wagon](https://www.reddit.com/r/fatFIRE/comments/aghu0b/falling_off_the_fatfire_wagon/)'. + +We moved into the house over a year ago. Turns out it was a great decision for us. Yes, financially by the numbers it's dumb. It it absolutly more house than we can 'afford' by the usual metrics. And I don't give a sh\*t. Every single day I come home and the house \*feels\* awesome. Emotionally, it's the best money I can remember spending, and a year in it still feels great. + +Thank you all for your input - rereading the old thread is a great reminder to me of how complicated life is. There isn't any right answer, and sometimes doing dumb things works out, and sometimes it doesn't. In this case I continued to get lucky, and I'm loving our place. + +And now to refinance - I wonder just how low we can get it. :) + Hi! I've recently started to research ML methods for trading strategies building. I tried to read scientific researches, sometimes it's quite difficult, maybe someone can provide me with relevant simple articles? I trade crypto, therefore ML for cryptomarket would be perfect. +The WSJ came out with an article about a report from NAR about the 5.5m housing unit shortage in the US, and how it requires “once-in-a-generation” policy response to address the crisis. + +Maybe that’s true, but calling people there as economists,and their reports unbiased, to me is just lazy reporting. Report below: + +https://www.wsj.com/articles/u-s-housing-market-needs-5-5-million-more-units-says-new-report-11623835800?st=5cxyhwnd3t1pggi&reflink=article_copyURL_share +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /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) +I am currently single, no dependents, and I live with my parents, who don't charge me rent aside from some insurance and utility payments. I have most of my earnings stowed away in a savings account, so it's kind of just wasted potential there as it doesn't accrue much interest. + +I was recommended Edward Jones by a colleague but after some research I've read that Vanguard is supposedly a better organization, though I'm still at a loss as to what to do, where to start, or if there are better options besides utilizing an investment firm. I'm also thinking of getting my bachelor's, so I'd need to factor that in to my plans as well. +Just graduated law school. Going to be make 72K, 75K upon passing the bar exam. Should I put as much of my paycheck as possible toward paying down my 40K of student loans? Even if that means I’m not putting away in savings? +Keep in mind that if I failed the July bar, I can retake it in February. If I fail the February one too, they’ll fire me and I’ll have no income. +I am 63 and have suffered from Parkinson's disease for more than 20 years, 10 of those years I have been off work. My company pays into a pension fund and I am also payed a reduced salary via permanent health insurance, financially I consider myself lucky. All payments will stop late next year when I retire at 65. Marriage has not been happy and I want out, I just want to leave and cause as few ripples as possible. This would involve assigning my share of our house, and all my pension fund, to my wife. Ideally, I wish to move into a one-bedroom caravan near a bus stop - I can no longer drive because my medication makes me drowsy. I would only live on my PIP (which is quite high) and state pension. I am quite cheap to run and am confident I can live on that sort of money as long as I have a roof over my head. I will be happier. Apart from being poorer, would such financial decisions come back to bite me? +# + +https://preview.redd.it/6xty3d8mru271.jpg?width=600&format=pjpg&auto=webp&s=bed533ed8381d5f20a2f1531a31808307f79ded8 + +# + +# Hi Apes, + +&#x200B; + +&#x200B; + +I be completely transparent. I bought Movie Company's $20 and $40 calls back when the stock was 10 a share for Sept. I spent about 2 or 3k on those positions. I'm like 99% all GME and think it's the Crown Jewel of all this. However, I do own a small stake in one position. I know I might get downvoted into oblivion but I had to say something. + +&#x200B; + +I'm starting to think the Movie company is not a squeeze but a coordinated pump/dump on behalf of Citadel. I hope it's not and those Apes get their squeeze but something just feels wrong about it. There were no breaker halts and nothing feels like a margin call. I know technically that it doesn't have to play out like Jan. A squeeze or margin call can be slow or fast.......but something just feels off here. Something feels really fucking off. The media seems to be all over this which is red flag number 1. The price feels like it's controlled is red flag 2. The overall market seems to be ignoring it with the VIX under 20, red flag 3. I can go on and on. + +&#x200B; + +**We found out that Mudrick who bought 8.5 Million shares of the movie company is owned by Citadel and Kenny G is their manager. We also know from 13F filings that Citadel went long on Movie company. Are they pumping Movie Company to keep from a GME margin call? If so...it's smart. Close out your short positions on Movie Company and go long on them. Pump it up and tell everyone it's a squeeze. Retail FOMOs in and they play both sides. They make millions pumping up the stock then when it gets ridiculously high, you use those like 10 million or more shares you own, (After placing some puts at the peak of course) and make money on the way down too. You get to fight GME another day.** + +&#x200B; + +&#x200B; + +I hope I'm wrong. The idea just came to me this morning. I couldn't sleep. I dunno but just be on the look out for fuckery this morning. + + + +Edit1 (4:24PM: It's now the end of the day. AMC made a run for a mind boggling 95.22% or $30.51 per share increase. (Once again, I own AMC calls that are now 20X I think at this point so I'm not talking shit on them) + + +GME finished 13.34% or $33.22 for the day. + + +AH GME : $287.55 + + +AH Movie: $70.83 +Ok so ive been trying to read more classic econ texts like freakonomics or wealth of nations etc and i would appreciate some recommendations for texts that are pretty fundamental to the study. For reference I am a high school student and I appreciate that the two aforementioned texts arent ultra complex and i would appreciate something more academic but either way im impartial just wanna read more economics +If I spent $50 on a pet rock, did that really boost the economy? Or if that $50 had gone towards SpaceX funding, might it perhaps have been better spent. +I don't understand why people say it's impossible to become rich in short time with forex. + +Let's assume we have a strategy that has a winrate of 50% with a r/r of 1:1.25 (not so strong or impossible, right?). We are daytrading it and we can open 60 operations per month. We risk 2% (a conservative approach) per trade of initial capital of the year, starting with 5000. +With these numbers we are gaining 15% each month, let's lower that down to 10% because yes. +Within a year we can make 120% of initial capital! Let's lower that down to 100% because, again, yes. + +After 8 years we would be more than millionaire. + +If we could bring up that r/r to 1:1.5 we would be millionaire in 5 years (and billionaire in 12!!!!). + +I don't understand why this is wrong, why people keep saying that trading isn't the Holy Grail. +1:1.25, 50% winrate is the lowest working strategy I could imagine and still would be extraordinary even though I've lowered that down even more. + +What's wrong with this? What am I missing? + + +P.s I'm backtesting a strategy that is doing 45% winrate with 1:2 r/r and 80+ possible operations per month. I feel like I'm going to eat golden nuggets in few years! Please roast me! +Just been on another thread, where people were discussing BANK INTEREST being 10% in the 90s, and this being the only investment that people needed to make (rather than stocks/ real estate). + +Was this really the case ? People would just have savings accounts and no investments? + +If so, didn’t this make it impossible to buy a house? Think 15% mortgage interest rates etc? +I’m thinking about pursuing some further specialized training in a medical specialty. I’m getting tired of overnight call and other things, which would reduce my income significantly if I cut down on them. Currently I’m making about $450k, and am considering a 1 yr fellowship (earning about $70k) and then earning roughly 575k after, with more predictable and better hours. Also, I very much enjoy the specialty. I expect to work at least 15 more years. We have enough savings to make it work, and my wife has a decent enough income as well. Our savings rate would definitely decrease for roughly a year though. +Things are going well, and honestly, I think I’d be just fine continuing in my current role. This change, however, would be an incremental improvement, and allow more weekend/evening time with our young children. Wife and people of importance are supportive...but is it absurd to give up $385k for a year even though I’d expect to make it back in 3 years of post-fellowship work? Any others made similar choices here, and care to discuss? + +Edit: Wow, thanks for the replies. It’s clear that I should pursue this, despite my initial hesitation to give up my current salary for a year. Saving 60% of take home for the last several years gave us the option to do so. +After the Reddit IPO the jig is likely up. We’ll be subjected to extreme fud like we’ve never seen followed by our subreddits being dismantled. + +It will be sad to lose the camaraderie of course but the main purpose of these GME subreddits has already been fulfilled. + +There’s literally nothing that could convince me that retail has become bearish on GME. I know the opposition for the criminal frauds they are and I know all of you feel the same way. + +Whatever stories they propagate, data they share, fud they print, bots and shills they deploy, or subreddits they destroy are as worthless as the USD is about to become. There is literally nothing they can say or do that will change my mind. Nothing they say or do will keep me from diamond handing GME in CS and buying more whenever I can. + +The Reddit jig might soon be up but their jig is up too. They delved too far over this last year and betrayed themselves for the corrupt, lying frauds they are and now their fud has no effect whatsoever except to further reinforce my belief that GME is the play of the century. +After lurking on this sub for the better part of a year, I thought that I would share some good news about how this sub has helped me. + +&#x200B; + +For some background: I'm a 1st generation college student, "aged-out" foster youth who recently graduated after 7 years of trying. I suffered from a TBI during college, leaving me both disabled physically and partially mentally (both with mental health issues, a learning disability, and possible MS diagnosis). To top it off, I've been homeless 6+ times in my life, twice during my college career. During this ordeal, finances were my #1 concern since I don't have family to back me up when the going gets tough. This meant eating scraps during college 'winter break', crashing on someone's couch during a transition, or getting internships from cities multiple miles away so that they would offer me housing and pay over a long summer period. + +&#x200B; + +While the process wasn't pretty, I hadn't had formal access to budgeting or information about things like healthcare and 401k's. My upbringing didn't teach me and my university sure as heck didn't assist. That being said, this sub was my saving grace. This community has kept me out of the hole regarding credit card debt, bad credit scores, and high APR rates for car loans. As of today, I have just accepted a job offer of 63k/year (in the midwest) and start next week; this is 3x larger than my highest hourly rate since I started working at 16. + +&#x200B; + +I can't thank this community enough. You acted as both my parent and mentor giving me guidance when I needed it most. The best that I can do is make this hopefully inspiring post and give my heartfelt gratitude/advice to others. So, from the bottom of my heart; thank you. + +&#x200B; + +TLDR; OP broke 3rd generational poverty due to this sub; please give yourself a pat on the back and keep doing what you're doing! <3 + +&#x200B; + +Edit: I returned to see that this had blown up!! Thank you for all of your well wishes and advice. I will never forget today or the love that I feel right now. <3 +I have about ~4.2 million in stocks and 0.8 in other investments that are less liquid. +I want to purchase a home. Due to some circumstances my credit score is not great (690), homes in my area are going for about 1.7 million and most banks wont talk to me until I get it above 720. + + +I am thinking of leveraging about 1.5M margin from my stocks (thinking IBKR) and adding any excess with selling my crypto since I have been meaning to exit that position. Main aim is to avoid Capital Tax, since a lot of these are long term positions with upto ranging from +50% to +150% profit over cost price. + + +Current interest is ~1%. Initially I am planning on making interest only payments, and if the interest rate starts getting higher take out a mortgage against the home. Also planning on repaying the loan partially whenever I exit a position. + +Questions + +1.) Is 1.5 million cash margin loan too risky on 4.2M. I have around 1.5M in stable ETFs, 1.5M in FAANG, rest of 1M in short term plays, not too risky but note completely risk free either (Disney, Eventbrite, Tesla). Rest 200K is fun money (GME, AMC and other YOLO stocks). No option play, no shorting, No current debt. + +2.) Is IBKR the best broker for this arrangement. Generally everyone on the internet recommends IBKR for lowest margin rate, but Biltmore is advertising lower. + +3.) I will probably miss out on tax benefits of a mortgage, right? I think considering closing cost it won't make that much of different. +In the late 70s UK, many had become scared about union powers dragging the economy down. Thatcher was elected in as a result of much of this fear, and proceeded to curb union powers via making closed shop agreements illegal, ensuring ballots had to be cast before strikes could be called and ensuring union leaders had to go through elections every 5 years. This has often been characterised as 'democratising unions' by her supporters and as destroying the empowerment of workers by her detractors. My question is, where these measures beneficial to the UK economy? If not then what was the best course of action at the time? + +Any corrections on UK history is much appreciated as I'm certainly no expert. +I've been doing some research recently, and I found that despite popular opinion, [real median income](https://fred.stlouisfed.org/series/MEHOINUSA672N) is increasing. However, this is at conflict with what I've generally seen/heard about, which is families needing to work multiple jobs to support themselves/pay bills. +What is the explanation for this? How are people struggling to get by even as median incomes increase? +I will post some links in the comments to reaffirm my points. sources, videos etc + +Oil companys right now are Realy cheap and oil is kinda high but there is still a lot to gain and the risk/reward is amazing. i will tell u why i think demand will go up and supply stay low. + some poltics + +Oil is high beacuse of a couple of reasons and they wont change soon. + +Opec only lifts oil with 400k bpd every month. most countrys in opec dont have the capacity to lift their oil production. except for russia UAE and Saudi arabia. this comes down to only 250k a month. + +The usa tried to get opec to pump up more oil but attempts where very weak. the us has 3 options to lower oil prices. + +1. trying to get us oil companys to produce more oil. which is not going to happen. only the idea made the energy sec laugh. + +2. making a nuclear deal with iran. this will cooldown oil prices but iran knows this too and they are already asking for a lot. + +3. releasing the spr. this is temporarly good but it will just push delay a strong rise in oil prices. + +the us is kinda playing a blame game or talking about the long term which means they arent going to do anything. biden blamed it on opec and the energy sec talked about a long term plan off of oil beacuse of opec and climate change (even tho the us has plenty off cheap oil). shortly said they want opec to lower prices off their own which they wont do. + +here are some reasons why oil will still go up. in the short and the long term + +\-the entire oil indusrtry suffers from under investements except for a handfull of countrys. + +\-opec doesnt care about the energy crisis and won't raise production beacuse the market is thight + +\-the 400k barrel raise isnt possible beacuse some country cant produce more already. (except for russia SA and UAE) some country are calling for less then 400k barrels. + +\-flight demand is picking up and countries are opening up. BP thinks demand is already at 100 million. + +\-a cold winter will send oil demand even higher with not enough supply + +\-some companies are trying to get off of gas and start using oil where they can. ( europe faces 200 dollars a barrel price for gas) + +\-except for corona demand has only gone up for years. + +i believe the sector will be an investment for 3 or 4 years and most people are still negative about oil. most investors have a 1 sentence to write the sector off "if oil prices are high people will just go te renewbles" even tho i realy care about the climate change companys just didnt build supply. we ditched oil before we build enough reneweble investments to supply us. + + +with an oil price of 80 most oil companys can afford a dividend, higher capex, share buybacks and still pay off debt. + +and aslong as politicians wont do anything about it oil prices will rise. +Long story short I have $60,000 saved and liquid, I currently have $50k in student loan debts (I qualify for $20k I forgiveness if it even goes through) but prepared to pay off good chunk when unfrozen. Maxed out HSA, Roth IRA and contribute 8% to 401k. My living is currently paid for by the company I work for, only expenses besides food is phone bill and car insurance ($175/month) but I work out of town and getting sick of it. Possibly looking to switch careers soon. What other things should I be doing besides continuing to max my retirement accounts? +Disclaimer: "maybe we are all living in a simulation." -FCM + +By now, it is well documented, peer-reviewed, and understood that [Total Return Swaps](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) (swaps) are involved in concealing short positions, short interest, and is used to suppress $GME price action. Furthermore, there is a basket of "meme stocks" that are anchored together due to swaps and is preventing the lift-off of Gamestop. + +Plus there's that [active court case with Archegos](https://www.reddit.com/r/Superstonk/comments/xnbcgq/how_swaps_rehypothecation_work_archegos_employees/) admitting to swaps involvement and may likely be linked to the recent Shortex Data exposure from Debit Suisse. I mention Swaps, because it is critical to everything about Gamestop's stock so if you haven't already seen it, checkout what I discovered about [741](https://www.reddit.com/r/Superstonk/comments/xnz7f8/found_741_its_the_swaps_code_from_doddfrank_act/). + +Now before I jump into things, you may want to see where this going based on my last post - [GMERICA: Whale-Financed and The Activist Investors](https://www.reddit.com/r/Superstonk/comments/yefhfd/gmerica_whalefinanced_and_the_activist_investors/). + +BuyBuyBuyYes just released an 8-K statement and what's interesting is that their **official Legal Counsel**, Cleary Gottleib attached a statement too. + +# Who is Cleary Gottleib? + +A globally recognized elite law firm. These guys don't mess around and here's a shortlist of what they've done: + +* Restructured debt for [Countries facing insolvency and bankruptcy](https://en.wikipedia.org/wiki/Cleary_Gottlieb_Steen_%26_Hamilton#Notable_cases_and_mandates) +* Involvement in [high-level, Multi-Billion dollar Mergers & Acquisitions (M&A)](https://en.wikipedia.org/wiki/Cleary_Gottlieb_Steen_%26_Hamilton#Notable_cases_and_mandates): $146 Billion for T-Mobile & Sprint, $130 Billion for Dow Chemical & Dupoint, and $71 Billion for Walt Disney & 21st Century Fox +* One of their partners, Lee Buchheit, basically [wrote the international law book for debt-crisis resolution](https://en.wikipedia.org/wiki/Cleary_Gottlieb_Steen_%26_Hamilton#Buchheit_and_collective_action) +* [Won numerous awards](https://www.clearygottlieb.com/news-and-insights/news-listing/cleary-gottlieb-an-elite-firm-in-chambers-usa-2022-rankings) in prestigious publications in Law, Debt, and Corporate Governance +* Just got ranked in [USA 2023 Rankings as a Standout Firm for "Litigation"](https://www.clearygottlieb.com/news-and-insights/news-listing/cleary-gottlieb-a-standout-firm-in-benchmark-litigation-usa-2023-rankings) (a fancy word for winning lots of law suits, clearly badasses) + +# Now why is this important to $GME? + +BuyBuyBuyYes just released an [8-K filing](https://bedbathandbeyond.gcs-web.com/node/16556/html#d377691dex51.htm) on October 28, 2022 and within that filing made references to the August 30, 2022 [prospectus about ATM](https://bedbathandbeyond.gcs-web.com/node/16406/html) (at-the-market) offering to sell shares and pointed to the **Risk Factors**. Basically RC and company had active plans on-going (for Jefferies to manage the sale of BuyBuyBuyYes shares) since August but officially announced it a few days ago. + +This is NOT the first time RC and company has done this, and you'll see why. + +Even corporate mainstream media (MSM) picked up on it: + +&#x200B; + +[RC & co hinting at the \\"Risk Factors\\" inside the prospectus, basically firing a warning shot to the shorts](https://preview.redd.it/p81i2a1le3x91.png?width=1320&format=png&auto=webp&s=12ff999dc9a209acc03a22e4fe794306c3408833) + +Now going back to 8-K filing, because within that filing, the legal counsel and representatives of BuyBuyBuyYes have officially approved, stamped, and signed-off that the ATM offering is legit and it will happen even though BuyBuyBuyYes filed late. This removes any doubt for shorts to claim bullshit. + +Furthermore, Cleary Gottleib goes the extra mile to list every top lawyer in the firm, including the office locations, and leaving a statement of opinion on the SEC filing. To me, this says Cleary Gottleib is ready to bat for BuyBuyBuyYes (remember those frivolous lawsuits accusing RC of a pump n dump after he already sold BuyBuyBuyYes yet the stock kept running?). + +Here's the certification about ATM offering and opinion from Cleary Gottleib attached to the 8-K filing: + +&#x200B; + +[I've seen my share of corporate letterheads, but damn this looks like a serious message to the shorts: \\"If you want peace, prepare for war\\" or probably nothing](https://preview.redd.it/26q8ay43k3x91.png?width=1272&format=png&auto=webp&s=5786fd0497edc06053b12de5c6ff952d599b6973) + +# A Replay of Gamestop 2021 + +Okay, now for the connection to Gamestop. + +In April 2021, Gamestop also [filed an 8-K](https://news.gamestop.com/node/18746/html) (notice the law firm's opinion on that compared to Cleary Gottleib on BuyBuyBuyYes) with a [late prospectus](https://news.gamestop.com/node/18741/html#suppcov160986_1) pointing back to Gamestop's December 2020 ATM share-offering warning about Risk Factors. + +Here's MSM picking up on it, **again**: + +&#x200B; + +[April 5, 2021 - Gamestop filed 8-K with a late prospectus for ATM offering just like BuyBuyBuyYes](https://preview.redd.it/6xik8tcom3x91.png?width=1328&format=png&auto=webp&s=eeaa51ee2aec7453288e5ec5f9ae502c1063b49c) + +Are you starting to see where this is going? + +Here is a comparison between the two prospectus, beginning with Gamestop: + +&#x200B; + +[Gamestop's December 2020 prospectus, notice the details](https://preview.redd.it/95rrphxty8x91.png?width=1344&format=png&auto=webp&s=3347b07063a4180f69efd027840f2a8da26bd622) + +This was the first-time "short **squeezes**" appeared in Gamestop's SEC filings as a RISK FACTOR (yes, I actually checked the filings). They said SQUEEZES like plural, *as in many*. The prospectus also mentions the price range of the stock and clearly mentions Jefferies as the handler for the sale. + +Now here's BuyBuyBuyYes prospectus: + +&#x200B; + +[Legal Matters & Risk Factors - notice anything?](https://preview.redd.it/7hfwwt6f09x91.png?width=1466&format=png&auto=webp&s=49a03c7e299dda280cc846cd1a87209285e74822) + +Like Gamestop, this is ALSO the first-time "short squeeze" has ever been mentioned on an SEC filing for BuyBuyBuyYes. + +Now, I placed emphasis above, but what's crazy here is that BuyBuyBuyYes has explicitly stated the following: + +>*We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals*, and we do not know how long these dynamics will last. Under the circumstances, **we caution you against investing in our common stock, unless you are prepared to incur the risk of incurring substantial losses.** + +What company tells its investors DO NOT INVEST? LOL. Clearly, that's for shorts unless you are gambling options then whatever - this is not financial advice. + +Credit to u/MamaRemembersUsenet for pointing out that the BuyBuyBuyYes is aware that the price of the stock and fundamentals is completely disconnected from reality, or in ape speak: DTCC is committing international securities fraud. + +RC's hand-picked board members are well-aware the price is being suppressed on purpose and are making it known to all investors of its stock that extreme volatility is coming that's why they also included the range of the stock price for reference (probably to serve as a notice of what's coming to the shorts lol). + +Okay, I think you know where this is going next.. + +# Whale-Played: The Countdown to MOASS + +If you noticed above, Jefferies has been the same handler for both ATM share-offerings. + +This is a BIG tell because Jefferies has been the ONLY analyst that has raised the price target on [Gamestop](https://www.reuters.com/article/us-usa-stocks-gamestop-research-idUSKBN2BG2PQ) (in March 2021). + +And Jefferies is still the ONLY analyst that has raised the price target on [BuyBuyBuyYes](https://www.reuters.com/article/bed-bath-jefferies-idTRNIKBN2Q30MF) (in September 2022). + +Probably, cohencidence. + +Now why is any of this important? + +Let's tie it all together: + +**Because of SWAPS.** + +Guess what happened after MSM posted Gamestop's article in April 2021? The following month in May 2021, the second sneeze began (Gamestop did warn "short **squeezes**"), which was later discovered to be caused by Swaps Rollover, T+69 theory, FTDs covering - take your pick or combine them all. + +Every 90-days, due to swaps, there is a massive spike. However, **this cannot be predicted** since shorting hedge funds have been doing all sorts of bullshit to suppress the price action (like that orchestrated $30 parabolic), but it is without a doubt that the stock will eventually run, again. + +&#x200B; + +[Gamestop running in May 2021 - credit u\/criand for discovering Swaps ](https://preview.redd.it/7st33twx79x91.jpg?width=2438&format=pjpg&auto=webp&s=c21d66eb6f05eaef0a9ffd97157c4507db4bdc8a) + +# Conclusion: A Wombo Combo Squeeze is COMING + +Here's a recap of events that have happened, on-going, or in-progress: + +("A rising tide lifts all boats" -Meme basket 🚀) + +For Gamestop: + +* March 2021 - Jefferies price target hike +* April 2021 - SEC filing with prospectus (Dec 2020) and MSM article coverage +* May 2021 - see that picture above? Ka-BOOM! +* Gamestop used the mini-squeeze to sell shares ATM and save Gamestop from cellar boxing + +&#x200B; + +Now for BuyBuyBuyYes: + +* September 2022 - Jefferies price target hike +* October 2022 - SEC filing with prospectus (August 2022) and MSM article coverage +* November 2022 - it's about to get spicy + +Basically, hedgies about to get fucked: + +&#x200B; + +[NAKED SHORTING MEANS INFINITE RISK, WHICH MEANS INFINITE TENDIES](https://preview.redd.it/agq09m7889x91.png?width=727&format=png&auto=webp&s=af6f69351bd43ec9650d36f077af326b61a57036) + +Now, I am not saying correlation equals causation or because of this then that happened. + +All I am saying is this could be purely a cohencidence and we may be in a simulation. + +BUY. HODL. DRS. + +MOASS IS TOMORROW. + +\-Diamond Fingers out + +p.s. u/DeepFuckingValue says remember November: + +&#x200B; + +[\\"IN AN INFINITY SQUEEZE NO ONE CAN HEAR YOU SCREAM\\" -HAPPY HALLOWEEN SHITTY HEDGE FUNDS](https://preview.redd.it/zoqjg3xgb9x91.png?width=587&format=png&auto=webp&s=99501aca6ed25b64ec47bac82475f8a428047f65) +I was at a cafe in Houston on my day off from my grueling job after working 10 days. + +Unfortunately, I forgot my headphones and overhead a conversation between two middle aged woman. This is a wealthier, “gentrified” neighborhood in Houston for context. So the typical Karen in her 850k bungalow, coming to get coffee after their yoga session, is common. + +The one woman was “complaining” to her friend that the land her husband bought in Costa Rica (apparently they got a good deal for $200k) will ONLY be able to have ocean views from 2 of the 4 bedrooms for the custom home they are designing. GASP! Luckily her friend was able to console her in her time of need. + +They continue to chat about the definition of first world problems. Private school tuition increases, buying a new car for their daughter. + +Guys, I legit was staring at times with my mouth open out of awe. Obviously I know wealthy people exist. But to hear people talking about multiple homes, luxury cars, so openly without any idea how the other 90% live. My mind was just blown. + +I truly don’t understand where people get the money from. God, a trip alone for a week to somewhere like Costa Rica is a dream. Let alone building a HOUSE there. Jesus Christ. +I’m super confused I haven’t checked my Webull account for about a month or so. But I checked today because I wanted to DRS them to computer share. I only had 17 GameStop shares avg price of about 140$. Now the GME chart is saying it hasn’t been over 100$ in the past 5 years chart I’m super confused. Now my Webull is saying I own 68 GME shares. My purchase history shows me only purchasing 17 shares also. Can someone please explain what’s going on? +In 2012 I spent 30BTC on Silk Road (after tumbling my coins three times but I have a feeling that whole process was unnecessary) for a single sheet of acid. They were Jerry Bears from a vendor in the Pacific Northwest that went by HouseOfSpirits. I spent that money joyfully and gratefully because, for the time time in over a decade, I could find really good acid. + +Today that would be worth $1,500,000 + +Or $15K per hit. I have around five of them left. I think that qualifies as the most expensive acid in the world. + +No ragrets +Apes studied psychology at the University for Retarded Inverse Psychology. We showed diamond hands and the level of retardness that his PhDs in psychology couldn't predict. + +After the long period of hodling, I am sure a lot of hedgies now understand: "Apes are not leaving, neither they are selling." I suppose we can see more suggestions like: "Sir, they do not want to sell, they just buy and DRS more, we are in deepshit, maybe we should close our short positions and try to survive with severe losses!?" +They should be some kind of human, so I am sure this situation shaked their stubborn "digging deeper grave" tactics and we just need one bigger domino to fall down to bring the whole system to the liquidation underworld. +I think because of the great recession in '08, when people hear about a coming 'recession' they think it will basically be a collapse like the last time. In reality, a recession is literally just 2 consecutive quarters of negative GDP growth. + +Now since we have to assume bull markets and awesome economies can't last forever, *something* will eventually have to cause a recession. Often times, such as the great recession and great depression, it's caused by unmitigated greed and delusion. Then the delusional euphoria for 'no reason' is followed by people shutting down (financially) because of fear, and no other reason. Things are great and then all of a sudden things collapse when delusion reaches a maximum. In that case, it's a self fulfilling prophecy. When confidence returns, and all the nonsensical businesses are purged, things can return. + +**BUT**, say we get a recession because of this virus. Would that even be surprise at all? Obviously people are going to not want to go outside, or buy a new car for a trip they no longer want to go on, and suddenly people are more concerned with staying healthy than having the latest new dumb gadget or fancy clothes. It's a recession that has a **reason**. + +And I think it will be a lot easier to swallow for the general public. Like, "of course we had a recession, no one was buying anything because of the virus!" + +But I'd argue the result is the same. The crappy unnecessary businesses and products will fail because they can't sustain themselves through any significant downturn, and the higher quality stuff remains. But once things cool down, like if we get a vaccine after a year, it's possible we'll come out of the other end with the benefits of having the fat cut, but way less uncertainty, and dare I say optimism. There will be a light at the end of the tunnel so to speak. + +I don't know if I really have a point, I was just wondering what thoughts everyone else had and it might make a good discussion. + +**Edit: Title should say "caused *by* this virus"** +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? +Right out of college/grad school my husband and I intensely tackled debt. + +Moved back to our home state while this was taking place. Looked at houses, but weren't comfortable with the monthly payment since we only had 3% down and I was looking to stay home with the kids once we had two. + +Bid on a few homes at 10%. Outbid by waived inspections. + +Saved 20% Right as Covid hit and prices flew. Bid but just couldn't beat the competition, also now playing catch-up with the down payment. + +Fast forward to today. Prices have doubled and the monthly with 20% Down is LARGER than the down payment with 3% down. + +Discouraged, depressed. Never for a second regret staying home with my kids though. +I’m currently 21 years old and am pursuing a career as a electrician. I don’t have very much debt (around 2k) which would be easy to pay off once I start working as a apprentice and I want to use real estate investing to achieve FI. +My duplex has one water meter and I have seen normal water usage for over 9 months when it was fully rented ($150/mo total, <10,000 gallons). However, the month of March the usage has spiked to 48,000 gallons and on track to hit 60,000 gallons for April. My outstanding bill for both months is $2,200. + +The water company tested and found no issues with the meter and says I’m responsible for the bill. I’ve filed a complaint with the utility commission. I’ve had them, my PM, and a plumber come out to look for leaks, nothing found. + +I am now having a 2nd plumber come out to look. Everyone I speak with says that sort of usage is a crazy amount. There are no pools, water features, or even a garage. Each unit has laundry, but wouldn’t that be a lot of laundry?? + +Any other suggestions?? These costs are wiping out all profit if it continues. I will pay the couple thousand for a 2nd meter to forever put this on the tenant, but can’t do that until renewals which are months and months away. + +EDIT: thank you all for the feedback! I didn’t expect so many responses, I appreciate it. I’ll keep you all posted on how it turns out! Little less stressed that this has happened to others. +My mortgage rate on my personal home is only 2.75% so I figure to invest this money rather than pay down my mortgage. The issue is that it's so hard to find anything that cash flows now. I guess I could buy a property and hopefully keep riding appreciation, and meanwhile the renter would be paying down that mortgage. What would you do and what should I look for? I'm worried about being able to qualify for another mortgage since my DTI is pretty much maxed; I know the lender can include some of the future rental income to help. Or I can just throw it in the market and make on avg 7-8% for awhile. +I got a real gut check today on whether tax lien and tax deed investing are for me. I'm pretty sure I'm done pursuing foreclosures on tax debt. + +Today, I knocked on the door of one of my tax lien properties. I purchased the lien at a county tax auction 6 months ago, the grace period has passed and now I can pursue foreclosure. + +I came hyped up with the potential to make a lot of money and just felt the moral need to tell the homeowners, if I could find them, that I will be foreclosing on the property ASAP. I assumed the house to be vacant, there weren't many signs of life during my pre-auction drive-by. + +Instead, I met an old woman that owns the house and heard a compelling story that reminded me that we all run into hard times. She told me what she'd been doing to get out of this debt and had thorough, knowledgeable answers for all of my victim-blaming probes. She had done the work, but got hosed in a few bad situations. In her situation, I would have taken the same actions and I would be standing right in her shoes. + +When thinking about REI, many of us think about our riches, our potential futures, and the bravado of managing a successful business. This interaction has me spending more time thinking about my vulnerability, my privilege, and my decades-long string of luck. + +I have to think about the person I want to be and the example I want to be to my kids. On one hand, I could be making efficient use of the "system", foreclosing on and making a profit off people who aren't paying their fair share to society. On the other, I will be bringing homelessness to someone, someone who's shoes I could very quickly be in. + +I'm not looking for advice, the situation is already resolved. I just wanted to share the feelings that can (and perhaps, should) come to you when you pursuing foreclosure-based real estate investments. +Just put in a buy order for my first share of SCHD! Longtime lurker in this subreddit but never pulled the trigger until now. Just wanted to put it out there and join the community as none of my family and friends understand much of my investing acumen/love for it so who better to celebrate with than those who helped make it happen. I’m simple and may just keep it to SCHD and VTI in my portfolio at this point. Thank you to everyone! +So today's chat confirmed Fidelity did not process my DRS request last Monday. Prior to last Monday I had never used the online chat before to process a DRS request and this was the first time a DRS request did not go through for me. + +https://preview.redd.it/sln26dmxbdu91.jpg?width=1442&format=pjpg&auto=webp&s=523f72f40886d0c97d51c5a6c6b562b4a3789e89 + +Then I called Fidelity and the first rep I spoke to just seemed like he was playing dumb, so I hung up on him. I called back again and asked for a Supervisor and I spoke to Matt. Matt said he was going to investigate the issue and 10 minutes later he hangs up on me. I thought it might have been my phone being out of money because I'm currently overseas on a pre-paid but I tried calling back Fidelity and nope, my phone has money and it works. This is why you see 3 calls. + +&#x200B; + +https://preview.redd.it/aingj4yhcdu91.jpg?width=1170&format=pjpg&auto=webp&s=df7d163db8b5818490d592544250bdae90a23e34 + +Definitely smells like Funkelity's foot is kicking the can down bullshit lane. I'm going to try again later, but I think we're onto something... +I’m seeing many posts across social media , about the Fed blowing up due to printing of money + +One such example is : + +> The Fed is leveraged 3x higher (145x) than Lehman (45x) before it blew up + +> If the Fed’s portfolio drops even less than 1% - it’s insolvent + +Is there any truth to these arguments? Is there a counter argument? +Within the past few hours, a screenshot of some shills on twitter hawking sticky floor stock price ceilings has gone viral on twitter and reddit, and it's getting everybody pretty fired up. + + +The whole thing seems super manipulative, so to stop and take a minute to call bullshit, I'd like to see some more facts before I get riled. + + +First, as of right now, I've yet to see any verified evidence that the screenshot is real. It's pretty easy to fake a screenshot of something like this, and I'd like more evidence that it's real before I get fired up. + + +Second, it's super manipulative. Which screams bullshit at me. It screams "give me attention over here" and frankly, I don't want to take my eyes off the price. + + +There are a lot of parties that might want to draw attention away from naked shorts and GME. This lands on both of this - it's about sticky floor stock, and it's set up to get people outraged. + + +It could also easily be somebody in popcorn stocks trying to fake names and it's not a real screenshot - what's Citadel going to do, call up the SEC and say "hey those aren't the names of our social media shill accounts that we use for market manipulation! Somebody is framing us!"?? Of course they're not, which makes them extra easy to not verify. + + +Somebody wants to manipulate us and draw attention away from GME and naked shorts which was gaining traction on LinkedIn. + + +And I say fuckem. + + +Gonna keep buying and holding GME, and also posting about it, and telling everybody I know that the market is corrupt and manipulated, and also that popcorn is a distraction. + + +In short, Fuck that post, fuck that tweet, fuck the shills, and don't get distracted by a new outrage machine. + +Edit: this comment has some good tidbits in it: + +https://www.reddit.com/r/Superstonk/comments/op3z6f/a_certain_twitter_screenshot_concerning_some/h63magd/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +[TRON (TRX) is currently the #14 coin by market cap](https://coinmarketcap.com/currencies/tron/). The coin has seen an insane increase over the past couple months. + +TRON has recently launched its algorithmic stablecoin [USDD](https://coinmarketcap.com/currencies/usdd/). The algorithm governing the stablecoin’s dollar-peg is an arbitrage trade between USDD and TRX, Tron's network’s native token. *Hmm... this reminds me of something but I can't put my finger on it....* + +Now here's this week's best offer! [You can earn up to 57% through sun.io's LP!](https://imgur.com/a/JoFQgSH) What a great deal. + +According to [Defillama](https://defillama.com/peggedassets/stablecoins) USDD is #10 stablecoin by market cap, with a 20% increase over the past week, this figure is up from $90 million recorded during its day of launch on **May 5, 2022**. *Hmm... I have a vouge memory of something that happened in early May 2022...* + +Oh and we haven't even checked the **project's founder, Justin Sun.** + +Let's get started: + +Justin Sun launched TRON's whitepaper during the ICO craze in 2017, days before China's ban on ICO's. He raised $70 million and left the country. Sun had been **tipped off by Changpeng “CZ” Zhao, the founder and CEO of Binance.** Does this also sound familiar....? + +On top of that. [it's been also reported that he copy pasted the project's whitepaper from another coin](https://coincentral.com/community-accuses-tron-plagiarizing-whitepaper/). This only adds to the pile of cards that his so called "algorithmic stablecoin" is a scam waiting to collapse. + +It is no coincidence that Justin also left China, days after the ICO ban was announced. + +On top of all that, it's been reported that: + +* He hosted a ton of fake giveaways in 2019 announcing fake winners and retracting prizes. + +* He announced fake partnerships with big organizations such as Liverpool F.C., who have denied connections. + +* It's been reported that Justin has sold most of his TRON coins after the ICO and bought a large chunk of ETH. Some say he owns more ETH than the projects' Co-Founder Vitalik. + +[You can read more here](https://www.theverge.com/c/22947663/justin-sun-tron-cryptocurrency-poloniex) + +So, what do we make of all these? Justin Sun, the creator of TRX and USDD, not only literally copy pasted everything, he has also been involved in a huge amount of sketchy dealings and scams. + +My hope is that people like Justin and projects like LUNA and TRX are wiped off entirely from the market, for this is the only way to move forward and build something meaningful. + +Edit: [So I guess news sites are now copy pasting our posts?](https://news.coincu.com/94161-tron-trx-with-7-5-billion-market-cap-is-pretty-much-following-lunas-footsteps/) +My remuneration has almost quadrupled this year, and I need a plan of attack. It's all somewhat unexpected. + +I want to preface this post by saying both my parents worked at 7-11, and I didn't have a physical bed until I was 16. I've worked very hard in life and sacrificed my 20s to get where I am. I feel tremendously guilty about how much money I make now. I want to give back as much as I can but feel a little adrift. Please be kind. I'm in an ocean after growing up in the desert. This is also my first time ever spelling out all my finances. + +I'm 34 and wife is 45. Family of four. Wife stays at home but makes $1-2,000/month through a side hustle. She has ~$50,000 in her super. Kids are financially set as their biological dad died and had an insurance payout for when they turn 18. + +I make ~$14,000/month after tax. In addition, $2,000/month is going toward Super which has a balance of ~$60,000, 100% in international equities with fees at 0.14% p/a. I get a $20,000/year bonus at the end of year if I stay at this job. I expect my remuneration to increase about 5-10%/year, and I have excellent job security. There will be another substantive bump in income in about two years, but I don't know by how much. + +I spend 10-15k/year on professional development, fees, and miscellaneous expenses (including 4k/year for high-quality income protection insurance). Other expenses including mortgage are around $2-3K/month. + +I owe $390,000 on my home originally purchased for $440,000 two years ago and now worth about $700,000. I have an $8,000 car loan on my Toyota. No other debts. We outright own an old Kia Rio worth about $5,000. + +Our current goals are: +1) Pay off the car ASAP and become debt free +2) Save $20,000 cash as an emergency fund +3) Buy a used car in cash to replace my wife's, budget of around $15,000 +4) ??? + +I really don't know if I should maximize my super (but my wife is retiring 10 years ahead of me), start investing in shares, or pile money into a mortgage offset account with a view to pay off the house in 10 years. Any book recommendations? Is it worth getting a financial planner? I don't want to screw this up. + +Thank you in advance. +Maybe the people you work with have an idea, but what about your social circle? + +What percent do you feel have a reasonable approximation of where you are at financially and how comfortable would you be if your real life friends knew exactly how you were doing? +Good morning/evening/night whatever 😁 +Time for some good old german stock market! + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) 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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of comradery is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + + +Starting: 138.88 US-$ + +5 minutes in: 138.82 US-$ + +10 minutes in: 138.88 US-$ + +15 minutes in: 138.76 US-$ + +20 minutes in: 139.35 US-$ + +25 minutes in: 139.35 US-$ + +30 minutes in: 139.35 US-$ + +35 minutes in: 139.35 US-$ + +40 minutes in: 139.35 US-$ + +45 minutes in: 139.35 US-$ + +50 minutes in: 139.35 US-$ + +55 minutes in: 139.46 US-$ + +60 minutes in: 140.63 US-$ + +65 minutes in: 141.75 US-$ + +70 minutes in: 141.75 US-$ + +75 minutes in: 141.75 US-$ + +80 minutes in: 141.75 US-$ + +85 minutes in: 141.16 US-$ + +90 minutes in: 141.34 US-$ + +95 minutes in: 141.45 US-$ + +100 minutes in: 141.45 US-$ + +105 minutes in: 140.63 US-$ + +110 minutes in: 139.40 US-$ + +115 minutes in: 139.40 US-$ + +The US pre-market is about to open so that's it for me today! 🇺🇸 +I hope you all stay hydrated and get some sleep 😄 +See you all tomorrow, let's give 'em hell! +I was today years old when I found out that Barnes & Noble the Number 1 book retailer at the time, spun off GameStop Corp. + +I thought it was an interesting thing to consider while people are digging into GameStop history. + +https://preview.redd.it/18zrass5hj5a1.png?width=1025&format=png&auto=webp&s=d0b71fcc13700647a23ddc074ee5b9b773015c1d + +The Filing can be found here. https://www.sec.gov/Archives/edgar/data/890491/000095012304013040/y00164exv99w1.htm + +&#x200B; + +https://preview.redd.it/t8e3tuhahj5a1.png?width=1026&format=png&auto=webp&s=4d01abe5b27e5c21484dd1cda24835e7207b5946 +I have recently taken a large position (well for me) on The GEO Group. I will explain my reasoning and look forward to your opinion. + +The GEO Group is a REIT that owns and operates Prisons primarily in the USA for State and Federal agencies. + +Reward: They currently pay a 14.2% dividend. Prior to COVID, they paid a quarterly dividend of $0.48 which would result in a dividend of 20% dividend if it returns to that rate. My assumption is they will return to a quarterly dividend of $0.42 in 2 years. + +Risks: + +1. Biden has made a campaign promise to eliminate private prisons. + +My thoughts: + +* Many politicians make this promise but very hard to do because of GEO's political giving and a large number of jobs in key states. +* If Republicans hold on to the Senate it seems very unlikely. There is a 70% chance that the Republicans can hold on to the Senate according to the betting sites. + +1. COVID law suites - There have been a few law suites but they are handling COVID pretty well. + +My thesis, is prisons will remain private, perhaps 1 will be converted to the public for political reasons but that won't happen for 3 to 5 years. Several COVID lawsuits but it will be managed. + +In 2 to 3 years 16% to 20% percent dividend and a 50% stock price increase. My model shows my $12,000 in stock will have a compound return to $39,000 in 10 years and then result in a yearly income of $2300 a year. + +My downside is calculated at 1/2 my investment - $6,000 + +It's a high risk / high reward. + +Please provide your thoughts/analysis. The wife is asking me to clean up before friends come over, so I have to go now : ) + +&#x200B; + +**WOW this blew up into a "private prisons are evil" post. Just looking for investment advice, but I understand the opinions of everyone.** + +&#x200B; +Thought of this question after seeing that other post asking if you have to YOLO into one stock, and the overwhelming responses for $O. I understand that from an income perspective it may give out better monthlies(not that much tbh), but when I plot it against SCHD on[https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults](https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults) it just loses out straight up. Can anyone explain why people here love $O so much more than $SCHD? +[Link to the article](https://theprint.in/opinion/like-it-or-not-future-of-indian-economy-will-have-to-be-built-on-services-not-manufacturing/590613/) + +The article is an opinion piece, but I was really peeved on reading it. It basically predicts our manufacturing sector will in-time go back to 1980s style insulated one. With services being the bulk of exports, economic growth. + +This would in-turn lead to a much quicker and deeper wealth inequality issue. Which will presumably have to be fixed by taxing the 'rich' white collar workers. + +As I think most of us here qualify in the 'rich' white collar worker box, what do you think of this. +So much of FI is about saving/investing (and FatFI around aggressively investing), so I wanted to share my splurge with you all since I can't with anyone IRL. + +I'm taking my mom to see Metallica (our favorite band) in a couple weeks. Seats for lower level started at $1k each so I figured if I'm going to spend $2k on tickets for "ok" seats, I might as well pony up for the 4th row. + +Have you splurged recently? +Happy Bastille Day to all the Cornichons ! + +and Good Morning SuperStonk! + +I was fucking around with my crayons last night trying to sharpen my Magic Mint^(TM.) While try to jam it into the back of the box I noticed something while staring intently at ADX all of these things are like the other. + +[Historical ADX on GME's 1D Timescale](https://preview.redd.it/n7tcudl866b71.png?width=1638&format=png&auto=webp&s=456008af1fb6c3925f8ed3e4f82c00c73fc6223f) + +Does this mean anything, IDK...But, I've been doing this stuff for a long time and I know patterns like to repeat themselves. Anyway it doesn't take a lot to get my titz jacckked to the moon! + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/oi6c88/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 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, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Holy shit that was a rough ride, finally got some blood pumping in my pickle after all these days down .xx - 2.00% I thought the shorts just didn't care anymore. I guess their $31M in Puts today would say they do care quite a lot. + +[We didn't close at 169.69 but I'll take what I can get. I've never been more proud of you 💎🤚 Motherfuckers!!!](https://preview.redd.it/fs1srnzui8b71.png?width=370&format=png&auto=webp&s=d5d5d0217f149f7b1332e60177ea184203ee54bb) + +https://preview.redd.it/c73gegb1j8b71.png?width=694&format=png&auto=webp&s=f0e08c237eed07d78f041cb70707e847a7925a52 + +&#x200B; + +[- Gherkinit](https://preview.redd.it/nuzzgbz5j8b71.png?width=661&format=png&auto=webp&s=cbfea98c3b9b93ee84c90b4e4ab6066049c67b44) + +Edit 5 3:50 + +Bullish Reversal + +https://preview.redd.it/ffq0meybg8b71.png?width=1637&format=png&auto=webp&s=232b168473c6ece81a0f1e4e3edfb24130366c2e + +Edit 4 3:47 + +The final short ? 25M in ITM puts bought today. Hodl. + +https://preview.redd.it/nj126quof8b71.png?width=1630&format=png&auto=webp&s=870493993ab300f7766b155a026d1ede0e782da6 + +Edit 3 11:49 + +ITM puts keep racking up they are trying very hard and spending lots of money to push the price down today upcoming FED meeting and overall market downtrend aren't a huge help here either + +https://preview.redd.it/iw423emf97b71.png?width=1634&format=png&auto=webp&s=0713dcd93c5d6044392662fb1ea6d9879e432cc3 + +Edit 2 10:48 + +Market's on a downtrend looks like a red day but we had an ok bounce at 175 that pattern I found earlier on the ADX looks like we could have another down day or 2 before moving up. + +https://preview.redd.it/guzvyudky6b71.png?width=1635&format=png&auto=webp&s=8ba3e60f37cb12d09e3fc5200458544cc1fe332f + +Edit 1 9:45 + +Little opening dip in the first 15 volume looks better today though + +https://preview.redd.it/vwwws0n6n6b71.png?width=1640&format=png&auto=webp&s=59d72db86806b70594074265e9f9dfdf33b5029e + +# Pre-Market Analysis + +Significantly more volume this morning at 26k with 150k shares available to borrow. While we haven't see a lot go on with the stock today there has been an all out whale war going on on the options chain this week as low IV has incentivized long whale to play leveraged positions, I expect this to really pick up today as we get buffeted about MM's attempting to remain [delta-neutral](https://www.investopedia.com/terms/d/deltaneutral.asp). + +https://preview.redd.it/sqolkenqb6b71.png?width=1624&format=png&auto=webp&s=c522825572751db399bd471b7fe7f96e7fd342a9 + +https://preview.redd.it/j55s6umhb6b71.png?width=847&format=png&auto=webp&s=935ed6976e2950ed5d55279e6022408264b2f652 + +Disclaimer + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +https://www.businessinsider.com/tesla-asks-employees-help-delivering-30000-cars-end-quarter-2019-3 + +Edit: Automod said to include some information, not sure if I need to include a synopsis, but basically the article is going into detail about what the headline makes pretty clear. After the store closings, non store closings, layoffs, and recent bond payments, this looks like another piece of evidence for Tesla running out of cash. + +Kind of a shame too, I love Elon Musk as a visionary and I think his companies are overall doing good things for the human race and the planet. Unfortunately, that alone doesn't pay your creditors. I wish they would have taken things slower and kept their focus on the luxury market until they were really ready to attack the mass market, or maybe do some kind of incremental or regional releases until they can scale properly. + +Edit 2: A family member is a contractor for Tesla and hasn't received this email so it must be strictly to payroll employees. Waiting to hear back from him to see if "volunteer" means you still get paid normal wages but move over to deliveries temporarily, or if it means work for free. + +_________________________ +Edit 3: Since people can't get past this argument on what "volunteer" means and Tesla has not made it clear yet, I suggest you all look to the past implementation of this (since many of you are also claiming this has been done before and so it's okay). An article from [March 2018](https://www.vanityfair.com/news/2018/03/elon-musk-wants-volunteer-employees-to-help-prove-teslas-haters-wrong) explains how the "volunteering" was carried out: + +>Because the company is ahead of its targets on the Tesla Model X and the Model S, the production of both models will be paused for the rest of the week, Peter Hochholdinger, Tesla’s vice president of production, told employees in another memo. **Instead, a “limited number” of employees will be given the option to work on the Model 3 line on Thursday, Friday, and Saturday, he wrote, adding that employees could also opt to use paid vacation days or take unpaid time off if they don’t move to the Model 3 line.** (Tesla told Bloomberg that the shutdown of the production of the Model X and the Model S are only happening on Friday, and not Thursday and Friday, and aren’t related to Model 3 production targets.) + +So yes, they were paid if they chose to move over to the 3 line. But the alternative, if they decide they'd rather stick to the job for which they were hired, was to take unpaid time off or use vacation days they had accrued. Make of it what you will because I'm sure many will find a way to put a positive spin on it. In my eyes, if the choice is to take time off or "volunteer" for a job you weren't hired for, it's not longer "volunteering". Regardless of where it lands on your morality barometer, the end result still seems to be to save cash. +I am a 21 yr old Software Engineer in the Bay Area who recently graduated from UC Berkeley's EECS program. So far I have been lurking in this sub, learning from the financially affluent posters. Net Worth is $100,000 and Annual Income is in the lower 6 figures; so I have a long way to go to hit FatFire. + +Most FatFire people on this sub are below 40 years old; and have accumulated a net worth of at least $5 million USD (equivalent to $200,000 per year in annual investment income at a 4% SWR). Even though the **overall top 1% threshold** seems to be **$11 million dollars**; **for people under the age of 40, the top 1% threshold seems to be around** **$4 million dollars**. It also shows the power of compound interest, as the top 1% threshold seems to roughly double every 7-10 years to hit **$17 million by 55-59** (possible with 7% annual stock market return). + +**So if you are below 40 (like most people on this sub) and you have a net worth of at least $4 million, you are the top 1%!** + +**Age. Top 1% Net Worth** (Data comes from 2019 Federal Reserve's Survey of Consumer Finances) + +18-24 $435,076.59 + +25-29 $606,188.36 + +30-34 $956,944.74 + +**35-39 $4,034,486.45** + +40-44 $7,909,636.79 + +45-49 $10,494,100.10 + +50-54 $13,524,093.87 + +55-59 $17,545,848.60 + +60-64 $14,629,637.13 + +65-69 $16,439,046.11 + +70-74 $12,625,305.04 + +75-79 $12,770,142.25 + +80+ $9,932,353.20 + +[https://dqydj.com/net-worth-by-age-calculator-united-states/](https://dqydj.com/net-worth-by-age-calculator-united-states/) +Hi r/ethtrader, + +Given the recent developments with ~~Subreddit Points~~ Donuts the past few weeks, we had some thoughts we’d like to share. + +First, we want to acknowledge all of the work u/shouldbdan (and those involved) put towards putting Donuts on the blockchain. It is a pretty novel idea, and we think it reflects the creativity of this community. + +We started [Subreddit Points](https://www.reddit.com/r/ethtrader/wiki/donuts) experiment to reduce the dependence of online communities on centralized actors and make them self-sovereign — communities that exist on their own and have the tools to chart their own destiny. + +We’ve spent some time unpacking recent events, and we have a few concerns: + +1. The bridge between Reddit and the blockchain is centrally controlled by a bot. This makes the bot exceedingly powerful. +2. u/ProofOfDonuts and u/StoreOfDonuts own too many Points. This potentially allows whoever controls the accounts to influence governance unfairly. +3. Reddit is a central source of truth for Donuts balances and new distributions. If the goal is to make Donuts decentralized, it doesn’t make a lot of sense for Reddit to control these functions. + +It might be worth thinking about a more decentralized design. One idea u/carlslarson suggested is to create an Ethereum smart contract that replaces Reddit’s database as the source of truth for Donuts. Reddit would then just read the data from this smart contract and provide a friendly user interface. The contract would need to take over some of the functions Reddit does now, such as distributing new Donuts every week. + +We are open to discuss this further and will support a community-led project like this. + +P.S. At this early beta stage of the project, the goal is to fail fast and learn things. If you see a flaw in the design, don’t panic! We can always fix the flaws and move forward. + +**Edit:** Here's a [link](https://new.reddit.com/r/daonuts/comments/amf0n2/welcome_and_faq/) to u/carlslarson's welcome post about r/daonuts +So you're New to Penny Trading? Welcome! There's been a lot of questions from new investors about how to invest and what certain acronyms mean. One of the most common is Pump & Dump (P&D). + +A Pump & Dump occurs when a seemingly nothing company suddenly skyrockets, at which point YOU jump on the hype train at the PEAK, and then suddenly it dumps back down to nothing, taking all of your money, and leaving you with a bag (not a good thing). + +To help new investors recognize a P&D I've listed a few warning signs; + +\*If your company has one employee, no product, and is in the "trial stage" - it may be a P&D + +\*If your company has not filed paperwork with the SEC since 1995 - it may be a P&D + +\*If your company was trading at .0002 a share a month ago and now is $2.50 - it may be a P&D + +\*If your company has zero Fin-info, zero catalysts, and is 1000x earnings a share - it may be a P&D + +I could go on all day with this but...In other words...DO YOUR OWN DD AND QUIT CHASING TICKERS COMPLETE STRANGERS YELL OUT ON REDDIT!!! GOOD LUCK!**!!** +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). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +In July I started my own business in hosting Wedding Shows, I registered the business and didn’t plan any profits until my 2nd year. I spent near £7000 of my own money on starting up the business. In total I had done 11 shows in London and Hampshire up until Feb 2020, the business was going very well and I had great reviews all throughout. All profits from the shows went on advertising that show and future shows, I had a small emergency fund put by in case of any needed refunds. I have bad credit and loans are not an option for fixing anything + +Since Coronavirus I have lost everything, my business is impossible to run and profit, people are no longer interacting with anything I do on social media or my website and I have had to cancel all 20 shows planned for this year and refund all of the exhibitors. + +I’m now on Universal Credit and can barely afford to feed my family and I have 0 savings because it was used for my business. + +So not only am I completely struggling with everything, I am also giving up on my business. It could be months before I can hold another show and I can’t afford to anyway. + +I’ve never had suicidal thoughts before and never though I would, but now I do. Every second of the day. I’m afraid to say anything to anyone because so many other people are in the same if not worse situations. + +Does anyone have any enlightening advise on what I can do to get through this alone? The last thing I want is family worrying about me when they can’t visit me. + +I’ve never cried for help, but since the suicidal thoughts, that’s what I’m now doing... on reddit... +TLRY - January 20, 2023, $37 strike. Marijuana company that once had very lofty valuations. Fundamentals haven't changed much, and with the potential for nationwide legalization, they could go back to those former highs (pun very much intended) + +ICLN - January 20, 2023, $36 strike. Another politics play. In the coming years, clean energy will go through the roof... or should I say *come* through the roof? In this case, I don't see a reason to pick any one clean energy company over the other, and leaps for this ETF are fairly cheap. + +Anyway, I'm always on the lookout for bold OTM leaps. What am I missing out on? Let me know! +Here we are. Right here and right now is exactly what RC meant in that first earnings call. + +If he thought it was gonna be a straight shot to the moon, he would have said "strap in" or something similar. But no, he said specifically to "buckle up" because there's no version of this that wasn't going to be a bumpy ride. For your own safety, buckle up buttercup. + +Starting to see people get thrown off and panic just makes me more excited. This drama has played out exactly as billed. I've got no regrets and neither should any of you. +I've seen the obvious staples in the investing world such as Warren Buffett etc who make huge gains from dividends, but I'm yet to see/hear an example of an average everyday human who has patiently grown their dividend investments over the years and can now live comfortably knowing their finances are covered. + +If you live off dividends, what's your story with it? How long did it take to finally start dipping into your dividends and how long ago did you start? + +Cautionary tale. I had no clue schemes like this existed. Can’t help feeling a bit bad for the guy caught up in it. Too trusting? If it was legal why is he being retrospectively shafted? + +[‘I owe £180,000 in tax and I haven’t told my wife’](https://www.bbc.co.uk/news/business-54604132) +Weekly unemployment claims unexpectedly surged last week, rising above 800,000. + +The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: + + Initial jobless claims, week ended February 13: 861,000 vs. 773,000 expected and 793,000 during prior week + + Continuing claims, week ended February 6: 4.494 million vs. 4.425 million expected and 4.545 million during prior week + +https://finance.yahoo.com/news/weekly-jobless-claims-week-ended-february-13-labor-market-190229296.html +Hi. I'm a Romanian European citizen, living in the UK. I've built a £64k portfolio on Vanguard under the ISA tax wrap, where it's shielded from taxes. + +In the future, mostly because of Brexit I'm thinking to move back to the EU, and I want to know if there are similar tax advantage accounts/schemes in any of the countries in the EU. + +Sorry if this question has been asked before, I'm quite new here. + +Thank you. +The 200EMA is at 568.23USD and we only dropped to 726.43USD which means we're still overvalued according to those calculations. The SMA which doesn't weigh as much on the recent movements puts the 200DMA at 481.26USD which should be a huge bouncing point for ETH. I still believe we're going to see something between those numbers sooner or later during this bear market. + +BTC dropped to -2,65x from ATH and ETH hasn't dropped lower than -1.95x. BTC should be more resistant anyways due to it being number 1 and also a honey badger so we're probably in for a bigger ETH drop than what we've seen. It's still 245USD from the 200SMA. The market doesn't care anyways. + +Not trying to spread FUD, I'm trying to provide some simple Technical Analysis. Remember to always watch the benchmark (which at the moment is BTC) and that a healthy market is a better market. + +Edit: This subreddit really needs to calm down. It's about trading ETH right? So input from both sides should be useful. +OK. I want a break from all the posts about the wheel - not knocking it, great strategy, highly recommend - so I thought I'd write up some thoughts on trading volatility AKA vol. Plenty of you already know a lot of what I'm going to go over so please feel free to add your two cents below. This kind of post is better if people relate personal experiences to it. This is not investment advice, don't make trades you don't understand, don't listen to the advice of rando's on reddit. + +**What is volatility?** + +Volatility is just how we describe how fast some underlying (stock, future, ETF, whatever) changes in price.There are two types of volatility that we care about, Implied and Historical. + +**Realized Volatility AKA Historical Volatility (HV)**. This is how fast the underlying has been changing in price *in the past*. HV can actually be calculated, and the calculated value is exact. If XYZ has an HV of 50%, that means over the period that the vol was calculated that underlying's 1-standard-deviation move was 50% of the price of the underlying. Say what? If XYZ is trading at $100, a vol of 50% means it has a 68% chance of closing between $50 and $150, over whatever period you're calculating vol over. Usually this is a yearly calculation, but it doesn't have to be. + +**Implied volatility (IV)** is what the current market *predicts* about the volatility of the underlying over the life of the option. You've probably heard of something called "vega". Vega is one of the greeks and describes how an options price changes for a given change in implied volatility. This is a little weird because vega is a forward-looking greek. In other words, we don't actually know what implied volatility is, we calculate it based on prices. This was a misunderstanding in my knowledge until recently and I think its important to understand. IV is *not known with certainty*. In fact, my entire trading style revolves around the assumption that the market overestimates IV compared to HV. + +To be super clear about this, IV is what the market is predicting about the volatility of the underlying over the life of whatever option you're looking at. Nobody knows what this volatility actually is, its just the market's guess, in other words it falls out of what the price action is. This is confusing AF but spend some time and understand what I'm saying. You can back-calculate volatility based on options prices, but you don't KNOW volatility ahead of time. + +**Example:** + +Example from an awesome book, "Options as a Strategic Investment": + +XYZ price $52 + +Upcoming $50 call price: $6 + +Time remaining to expiration: 36 days + +no dividends + +5% risk free rate (LOL) + +the option price is a function of underlying price, strike price, time left, risk-free rate, volatility, and dividends. Plug in what we know: + +$6 = f(52, 50, 36 days, 5%, volatility, $0) - you could solve this for volatility. That's how it works. IV in this fictitious example would be 75.4% based on the Black-Scholes pricing model (that's a whooole separate thread). + +**IV Rank** + +Volatility on its own doesn't really help you as a trader looking for trade opportunites. Is 6% good? 600%? 100%? 50%? So typically people talk about IV Rank (IVR), or sometimes IV Percentile. I'll focus on IVR here. Tastyworks calculates this as: + +100 x (the current IV level - the 52 week IV low) / (the 52 week IV high - 52 week IV low) = IV Rank + +Make sense? IVR gives you "how high is this underlying's IV relative to it's IV range over the last year". Without this, or some calculation like it, IV isn't super useful. Is 30% high for XYZ? Is 97% low for ZYX? IVR gives you context. It tells you, if you're a volatility seller, whether or not it's a good time to enter the trade. Just like stock prices - I don't want to sell vol when its low, I want to sell it when its high. + + **How does this help me for crying out loud?** + +When an option's price is high, IV is high. When prices are low, IV is low. What this means is, you can sell options with high IV, or buy them with low IV, and profit if volatility changes. How do you know how the hell vol is going to change? Most of us have a 50/50 shot at predicting whether stock prices go up or down, how can we do better at vol? Hold onto your butts. + +**It Turns Out IV is a Crappy Predictor of HV** + +There are plenty of studies out there about this, but it turns out that the market *overestimates IV relative to HV*. Let that sink in. IV tends to be HIGHER than HV actually will end up being. Or to put it another more useful way, **option prices reflect bigger moves in the underlying than tend to actually occur.** This is a super important concept to understand. + +Resources that I think present this idea well: + +"Options as a Strategic Investment" by Lawrence McMillan + + [https://www.tastytrade.com/tt/shows/where-do-i-start-back-in-the-game/episodes/historic-vs-implied-volatility-04-03-2018](https://www.tastytrade.com/tt/shows/where-do-i-start-back-in-the-game/episodes/historic-vs-implied-volatility-04-03-2018) + + [https://www.tastytrade.com/tt/shows/market-measures/episodes/implied-vs-realized-volatility-05-24-2019](https://www.tastytrade.com/tt/shows/market-measures/episodes/implied-vs-realized-volatility-05-24-2019) + + [http://tastytradenetwork.squarespace.com/tt/blog/actual-volatility-implied-volatility](http://tastytradenetwork.squarespace.com/tt/blog/actual-volatility-implied-volatility) + + [https://www.youtube.com/watch?v=83ZH7Y96QeA](https://www.youtube.com/watch?v=83ZH7Y96QeA) + + [https://www.youtube.com/watch?v=amao0pJE1XI](https://www.youtube.com/watch?v=amao0pJE1XI) + +This means, practically speaking, that someone with a neutral outlook can take advantage of high IV, or IVR, and sell options with SOME level of confidence that the actual move in a given underlying is likely to be less than expected. I cannot emphasize this enough, **THIS WILL NOT ALWAYS BE TRUE**. Options is a game of statistics. That 72.345% PoP you calculate is garbage unless you have enough occurences to approach statistical significance. You could flip a coin five times and get all heads. If you flip it 1000 times, you're probably going to get a LOT closer to half heads, half tails. + +**SO. Let's wrap this up.** + +If we believe that IV tends to be overstated relative to HV, and we know that IV is a function of option price, we can conclude the following: + +\- Selling options when IV is high would tend to be profitable, even if or especially if we take a neutral outlook, which is to say we don't bet on the price going one particular way by some large amount. + +\- Knowing what "high" is when it comes to IV requires some additional calculation such as IV Rank, to give context + +**Practical Example:** + +**NFLX earnings.** Anyone trade this recently? Great example of what you may have heard called "IV Crush" occurring. This is why the WSB crowd lose a ton of money on earnings plays. Netflix (NFLX) announced earnings on 4/21, earlier this week. + +The day before the announcement, a $420 call expiring on 5/15 was worth a whopping $44.00 at the close. Yes, it would cost you $4,400 to buy 100 shares of NFLX at a price $3 higher than it closed that day. IV Rank for NFLX was 71 and change at the market close on 4/21. Here's how that looked the next day: + +https://preview.redd.it/osbpoo2izuu41.png?width=1489&format=png&auto=webp&s=259024ff371c245111a66cb4b7c69bcd3076ded2 + +Note - that's a graph of IV Rank, not price. The next day, IVR dropped to a low of 45. That same call option? It's now worth $22. If you sold one of these the day before, you profited 50% of max overnight. What happened to NFLX price? It went down a couple percent, not really a huge deal. This was a perfect example of how once earnings are announced, there's no more uncertainty fueling the buying and selling of options, and IV crashes back to earth. + +This can also go the other way. If you sell options and IV goes UP for some reason, those options will be worth more, even if the underlying has stayed still or maybe even moved in your favor. + +Let me just close by saying I don't think I have any sort of edge as far as picking stock direction. I can try my hand at it based on fundamentals, technical analysis, sentiment, or whatever else, but I'm not a professional. I do think that by combining a positive theta decay and a knowledge that there is some bias towards IV overstating HV, I can come out ahead. + +Questions? Concerns? Complaints? #vegagang +Are you mad about today? If you are one of the folks who got fucked around by your broker, I don't blame you. + +However - if you are Ryan Cohen, this went EXACTLY AS YOU WANTED IT TO GO. I'd actually say that the criminals took all the bait. + +Per this thread: https://www.reddit.com/r/Superstonk/comments/w5f3z8/todays_price_action_is_definitive_proof_of_naked/ + +We have 100% definitive proof of naked shorting. The math simply does not work without it. + +Additionally, with all the fuckery with temporary shares, brokers fucking up, scrambling for shares, brokers selling your shares to buy new ones, etc. This is 100% proof that this system is a fucking joke and failure and cannot be relied on to handle pretty much anything in a way which provides a fair and free market or any protection of investors. It is definitive proof of people holding synthetic shares. This triggers the clause in the GameStop briefing about acting in the best interest of investors should the market show itself as unreliable. + +The stock market is a fraud. Naked shorting and manipulation is undeniable. Retail is being illegally tampered with. With a 19 month record of convenient EOW closes right at or below max pain. + +This is the exact fuel GameStop needed to make their case, put this all in plain sight, and move their shares off the stock exchange and onto the blockchain. And we all know what that will spark. + +If I was Ryan Cohen, I would have a team working right now compiling evidence with attorneys and over a few days more as some more of this unfolds. I would then be releasing that full report to the public and announcing my intention to either bring my stock to the Blockchain, sue the complicit parties, demand a DOJ investigation, or all of the above. + +Have five beers. +It seems that the margins are crazy slim. I'm under contract on my first house that's gonna rent for $1.5k. The PM company is gonna take 10%, so $150 a month. Is it me or does that seem like crazy slim margins? + +I feel like with calls, having to collect rent, removing nonsense from the property, etc that that work is not worth $150 a month and it doesn't seem that easy to scale since properties are split up across the city. Think about it, just my communication with the firm has taken a few hours, which is already $150 of someone's time. I understand they take a cut from repairs but still seems like slim margins. + +Anyone from the property management industry want to share some stories? +Hi all, I am soon going to graduate and wanted to explore opportunities in HFT firms (either of SWE/Quant). However, I'm struggling to prepare on C++ stuffs for the interviews, in terms of volume of stuff to cover. +It would be great if experienced professionals working in the domain could share there insights. It could be anything from specific topic names to reference resources to any other advice, that could help with the interviews and further. + +\[To share my background, I have worked with Boost C++ on some open-source projects and have sound background in Operating System/Computer Networks, Algorithms & Math (good performances in ACM-ICPC/Code-Jam etc)\] +There has been talk lately of how we have been ignoring, or at least not paying enough attention to other players on the short side beside Citadel. I'm a January Ape who has heard of Point72 and Steven Cohen (mostly his tweet mocking us during the trading halts) and decided to look into them/him further. The corruption is.....overwhelming. I've been reading for a few hours now and can tell there is far more digging that needs to be done. Any help would be greatly appreciated and added to this DD.\\ + +After getting flagged as spam on both superstonk and gme, I've removed all links in hopes that this time my post makes it through. I was never notified that either of my posts were flagged. Other users had to tell me.... I've also changed the title. Fingers crossed. + +&#x200B; + +Who is Steven Cohen + +&#x200B; + +Steven A. Cohen is an American hedge fund manager and owner of the New York Mets of Major League Baseball. Cohen and the New York Mets finalized a deal on September 14, 2020 to become majority owner, owning roughly 97.2% of the team. He is the founder of hedge fund Point72 Asset Management and now-closed S.A.C. + +&#x200B; + +Where did Point72 come from? + +&#x200B; + +Point72 Asset Management, L.P., is an American hedge fund. SAC Capital Advisors was founded in 1992 and converted its investment operations to the Point72 Asset Management family office in 2014. In 2018, the firm reopened to external investors after a two-year ban and began accepting outside capital. + +&#x200B; + +Wait why would they be banned from having external investors? Good question. + +&#x200B; + +* The SAC in SAC Capital stands for the initials of its founder, Steven A. Cohen. + +While Cohen has been in the federal government's cross hairs for years, he has not been charged criminally with any wrongdoing. But a number of his lieutenants have pleaded guilty or been convicted of insider trading charges. + +&#x200B; + +* In March 2006, 60 Minutes reported on a lawsuit against SAC filed by Biovail, a Canadian pharmaceutical company which alleged that SAC had manipulated reports on Biovail in order to drive the price of the stock down. + +&#x200B; + +* In July 2006, SAC Capital Advisors was one of three industry participants that were sued by Fairfax Financial Holdings Ltd (FFH) and accused of conspiring to manipulate the company's stock price. FFH alleged SAC Capital and two other hedge funds paid analyst John Gywnn and his employer Morgan Keegan to publish negative reports on FFH and drive its stock price down + +&#x200B; + +* A 2013 article in Yahoo! Finance reported that SAC Capital Advisors had been under investigation by the Securities and Exchange Commission (SEC) for six years. + +\[23\] In November 2010, the SEC conducted raids at the offices of investment companies run by former SAC traders.\[24\] + +Several days later, SAC received what they described as "extraordinarily broad" subpoenas.\[4\] In February 2011, two former employees were charged with insider trading. In November 2012, federal prosecutors levied charges against additional former SAC Capital traders.\[26\]\[27\] Portfolio manager Michael Steinberg was arrested in March 2013 and accused of using inside information to make $1.4 million in profits for SAC Capital.\[28\] While awaiting a jury verdict, Steinberg fainted, recovered, and was convicted.\[29\] He was sentenced to three-and-a-half years in prison and ordered to pay a $2 million fine.\[30\] After the United States Supreme Court declined to review a United States Court of Appeals for the Second Circuit ruling on two related insider trading convictions, which made it difficult to prosecute insider trading cases, Mr. Steinberg’s conviction was dismissed.\[31\] + +&#x200B; + +* Now called Point72 Asset Management LP, SAC pleaded guilty to fraud and paid $1.8 billion in U.S. criminal and civil settlements. Cohen was not criminally charged. + +&#x200B; + +WOW! they paid 1.8 billion dollars and admitted guilt, but somehow Cohen just gets a slap on the wrist and a 2 year ban. They found e-mails to Cohen with insider information about Dell. He sold off right before a crash and saved $1.7 million. What was his defense? He doesn't read most of his e-mails.... + +&#x200B; + +Give this a read for more details on the case. + +[https://www.newyorker.com/magazine/2017/01/16/when-the-feds-went-after-the-hedge-fund-legend-steven-a-cohen](https://www.newyorker.com/magazine/2017/01/16/when-the-feds-went-after-the-hedge-fund-legend-steven-a-cohen) + +If this is the system running as intended ; it's broke. Anyway, one could make the argument that 1.8 billion is a good enough punishment right? RIGHT?!? + +&#x200B; + +Well lets take a stroll back to 1992 where S.A.C got started. In 1992, Cohen started S.A.C. Capital Advisors with $10 million of his own money and another $10 million from outside capital. The company's name 'SAC Capital' derived from Steven A. Cohen's initials. + +&#x200B; + +How does one come up with 10 mil in cash to start a business. Surely only from hard work and saving. /s + +&#x200B; + +In 1978, after graduating from Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co.\[7\] His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day\[9\] and eventually managed a $75 million portfolio and six traders.\[7\] Cohen was running his own trading group at Gruntal & Co. by 1984, and continued running it until he started his own company, SAC.\[9\] + +&#x200B; + +&#x200B; + +&#x200B; + +Ok so I guess he worked really hard and earned it, my bad. Of course it could also be related to this. + +&#x200B; + +Throughout the late 1980s, the Securities and Exchange Commission became suspicious that Cohen had used inside information in December 1985 when he bet that RCA and GE would merge, ahead of the announcement. The SEC called him to testify, but he refused to answer any questions, invoking his right against self-incrimination. Then, the SEC started looking into his other investments from the same period, especially those involving Brett K. Lurie.\[ + +&#x200B; + +&#x200B; + +&#x200B; + +Cohen made roughly 20 million from some very suspicious options calls right before a merge. What luck right? So that's where the money came from to start S.A.C. The whole thing was started from insider trading... + +&#x200B; + +Here is another fun fact.. + +&#x200B; + +The company started trading with $25 million in 1992, grew AUM to $16 billion, and became the world's highest-returning hedge fund: SAC averaged annual returns of 30% net of fees under a 3% management fee and 50% performance fee from 1992 to 2013. + +&#x200B; + +Seems to me that $1.8 billion is a small price to pay for that kind of growth... + +&#x200B; + +So we know they are corrupt and we know they have employed the same tactics being used against GME, but how do we know they are involved with GME. + +&#x200B; + +[https://www.reuters.com/article/us-sac-insidertrading-lee-idUSKCN1TM2IU](https://www.reuters.com/article/us-sac-insidertrading-lee-idUSKCN1TM2IU) + +&#x200B; + +&#x200B; + +This article shows how they bailed out Melvin alongside Citadel and another juicy piece of info. + +&#x200B; + +Melvin founder and CEO Gabriel Plotkin served as one of the top portfolio managers at Point72’s predecessor firm, SAC Capital Advisors, before he left to start Melvin. + +&#x200B; + +A few other interesting tidbits... + +&#x200B; + +* Bharara, having amassed dozens of guilty pleas and convictions for insider trading, had come to enjoy the feeling of winning, and was not inclined to file ambitious cases unless he was confident of victory. He had just brought insider-trading charges against two S.A.C. employees: Michael Steinberg, a high-level portfolio manager who was close to Cohen, and Mathew Martoma, a former portfolio manager, who had made enormously profitable trades in two pharmaceutical companies, Elan and Wyeth, before Cohen fired him, in 2010. In both cases, it appeared to Bharara and his colleagues that Cohen had made money trading stocks on the basis of inside information that Steinberg and Martoma provided. + +&#x200B; + +* (Horvath pleaded guilty to insider trading in 2012, but charges against him were dropped before sentencing, in 2015.) + +&#x200B; + +* Steinberg and Martoma had been charged with insider trading, and six others from S.A.C. had pleaded guilty. (U.S. prosecutors withdrew the charges against Steinberg in 2015.) + +&#x200B; + +* The time and energy prosecutors would have to spend trying the case, the years of appeals and arguments, all under close public scrutiny, would be excruciating. If it resulted in failure, the entire narrative of Bharara’s tenure would change. + +&#x200B; + +* “They have been an important client to us,” Goldman Sachs’s president, Gary Cohn, said on television about S.A.C., just days after the U.S. Attorney for the Southern District of New York called the firm a “magnet for market cheaters” and alleged that it had “trafficked in inside information” on a vast scale. Cohn called S.A.C. “a great counterparty.” + +&#x200B; + +* Eventually, Cohen hired a former Connecticut U.S. Attorney to be Point72’s general counsel and announced plans for a six-person “advisory board,” + +&#x200B; + +* A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying recent changes in the law meant there were not enough facts to support the plea. + +&#x200B; + +* A passionate art collector, he would spend a hundred million dollars or more on a single work. + +&#x200B; + +* Point72 is widely believed to have been an early investor in Melvin + +&#x200B; + +Knowing that these guys are involved only furthers my resolve that mass fuckery is happening. I'll continue to buy and hold anyway. + +&#x200B; + +edit1-addition from anonymous user: Gabriel had legal issues at SAC When Plotkin was still employed at SAC Capital a scandal broke out. Federal prosecutors alleged that he was the recipient of illegal insider information. This was a serious crime. He was involved as a person of interest in the case that was investigated by the Securities and Exchange Commission. He was called Portfolio Manager B in the scandal. While his coworker was arrested and charged with the crime, Plotkin was not, however, it was alleged that he forwarded multiple emails that contained the illegal information. Kenny G also worked there too that’s their relationship. + +edit 2- submitted by banks\_y: Cohen hates the nickname Stevie so I will refer to him as Stevie from now on. + +edit3- Tribune-of-the-plebs points out more dd on point72 here [https://www.reddit.com/r/Superstonk/comments/nbqbrc/the\_hedge\_fund\_cabal\_steve\_cohen\_citadel\_and/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nbqbrc/the_hedge_fund_cabal_steve_cohen_citadel_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +edit 4- a really good write up on Stevie [https://www.reddit.com/r/Superstonk/comments/nb0261/a\_dd\_into\_steven\_a\_cohen\_one\_of\_the\_main\_villains/](https://www.reddit.com/r/Superstonk/comments/nb0261/a_dd_into_steven_a_cohen_one_of_the_main_villains/) +Lately our family has been considering installing a residential solar system to cover most of our home electricity needs, and it got me thinking about the relationship between being financially responsible and environmentally responsible. [After buying a Chevy Volt and adding 1,000 square feet to our house](https://www.reddit.com/r/financialindependence/comments/b44qvp/four_year_update/), we suddenly find ourselves paying a lot more in electricity than we were before, and then realized that we could both lower that bill and significantly reduce our carbon footprint by going solar. + +Back of the envelope calculations: current cost to install solar is \~$3.00/watt, so 10kW system would be $30k. The 30% ITC tax credit reduces initial cost to $21k. Payback period given average production of a 10kW system with \~$.11/kW utility pricing is \~**12 years**; your mileage may vary depending on your location and local tax incentives. + +Over 30 years, such a system would produce \~$50k of power, or about **$30k** net after installation costs. If you have to finance it (we're considering a cash out refinance on our mortgage), then given today's low interest rates, basically cut that in half. Admittedly, those returns over 30 years are...well, better than wasting it on avocado toast, but obviously nothing compared to an index fund. You should still invest in both tax advantaged and taxable accounts to build up a nest egg - but I think it's worth considering (especially for privileged folks like us) a few little projects like this that can both save a little money and help mitigate the effects of climate change. + +Of course, some people take this too far, in my opinion, to the point of sacrificing their financial security in order to be on the bleeding edge of environmental tech. I've got friends with multiple Teslas and solar installations in houses they don't live in for the long-term; I admire their principles because they view climate change as a bigger threat than their pocketbook, but I just personally can't help but try to make some kind of financial sense out of the decisions I make. + +Where do y'all land on balancing FIRE and environmental principles? Do you see them as working together, or opposed in some cases? +Or baffles you that more people don't understand? + +Mine: I only just understood the purpose of using super to offset taxable income -_- (I'm new to this!) +Just curious what everyone thinks about the high house prices at the moment. Obviously the prices have been artificially pushed up but does anyone believe there's going to be a crash? + +Almost bought a flat as an investment last year, seller pulled out last minute. Same flats just gone up and been sold for 13% more than the price I agreed on a year ago. + +I haven't bought property before and I really want to do something with my money before I waste it all on penny stocks on the AIM. I like the idea of a buy to let (I would have had about 9% yield before tax on this flat), or even flipping. But everything just seems so overpriced at the moment? +I'm a prime subscriber and buy a good bit of products via amazon. + +I've been thinking of getting the Amazon credit card to get 5% back but I would only use it on Amazon because I can get 2% or more back everywhere else with my other rewards cards. + +Has any one else here done this? Is it worth the extra hassle of having another credit card to pay off every month? +This week I got paid as usual. What's not usual is that the $187.50 I put into my new(ish) savings account. Putting me to $965(ok not quite 1k sue me). I'm incredibly excited to be finally saving and being financially intelligent/sound. Reddit has helped me so much, thank you all. Just last year at this time I had no retirement, no savings, no money, and no plan. That's all changed because I was able to learn. So again thank you all. + +Edit:words + +Edit: Sidenote lol I also hit my 1k karma savings as well for the first time. Thanks for the upvotes people. Wish I had joined reddit sooner! + +Edit:more words and some formatting. + +Edit: shamefully more words. + +Edit: just put the 36.67 into the account to officially be 1k! + +Edit: almost 1k upvotes haha thanks I never imagined this. You guys rock and have made this a special day. +I’m having trouble understanding the difference between these two. The only difference I see is the expense ratio. If this really is the only difference then why would anyone buy the one with the higher expense ratio? +## Preface + +One [theory](https://www.reddit.com/r/Superstonk/comments/pam30m/the_melvin_capital_misdirection) I’ve posited over the past few months involves Citadel and Point72’s $2.75 billion-dollar cash infusion having actually been collateral for securities lending and the notion Reddit and Retail Investors were intentionally used as scapegoats by these entities in pursuit of confidential filing approval by the SEC. + +While I still stand by my theory a couple of it’s shortcomings have since dawned on me that portray an even more cohesive, cynical explanation of events when taken into account. + +### Shortcoming #1 +A failure to recognize that Melvin Capital itself, like Reddit and Retail Investors, has been a manufactured scapegoat since early January 2021. + +### Shortcoming #2 +The inability to have identified Gary Cohn’s involvement in the acquisition of Melvin’s assets as part of a Private Credit Repayment scheme. + +### TLDR +This post will expand upon how I came to these conclusions and explain why I believe it’s plausible that Melvin has only been a shell of it’s former self over the past year. + +## Background + +In December 2020 Robert Rasamny was [appointed](https://www.ai-cio.com/news/gamestop-woes-keep-plaguing-melvin-capital/) Melvin Capital’s new Chief Compliance Officer (CCO). Not much was made of this at the time but it just so happens that Rasamny also serves as General Counsel and CCO for a Cayman Islands exempted Special Purpose Acquisition Company (SPAC) named [Cohn Robbins Holdings Corp](https://www.cohnrobbins.com/home/default.aspx) that was recently [incorporated](https://www.sec.gov/Archives/edgar/data/1818212/000121390020026085/f424b40920_cohnrobbins.htm) by none other than **Gary Cohn** - the 11th Director of the National Economic Council, former President and COO of Goldman Sachs and [ally](https://www.bloomberg.com/news/articles/2013-07-31/goldman-sachs-s-cohn-says-sac-capital-is-a-great-counterparty-) of Point72’s Steve Cohen. + +The timing couldn’t have been more peculiar given Cohn Robbins’ stated purpose: + +> “We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (a “Business Combination”).” - [SEC - March 31st, 2021](https://sec.report/Document/0001213900-21-019199/) + +And description of activities through the end of December 31st, 2020: + +> “We have neither engaged in any operations nor generated any revenues to date. Our only activities from inception to December 31, 2020 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and, after the Initial Public Offering, identifying a target company for a Business Combination, at the earliest.” - [SEC - March 31st, 2021](https://sec.report/Document/0001213900-21-019199/) + +Meaning Cohn Robbins identified a target company for “Business Combination” during the same timeframe that Rasamny, a Cohn Robbins employee, was appointed CCO of Melvin Capital. + +Compounding these overlaps is the fact that on February 16th, 2021 Rasamny filed his first [quarterly report](https://sec.report/Document/0000905718-21-000248/) on Melvin’s behalf and in doing so changed the filing agent to the law firm Lowenstein Sandler for their first time ever. This stood out to me because one of Lowenstein Sandler’s managing partners, Steven Skolnick, was accompanying the Credit Suisse employee responsible for Archegos’ prime services risk at the time of his death while boarding a [chairlift](https://www.reddit.com/r/Superstonk/comments/pfu27h/chair_37_and_a_series_of_unfortunate_events/) in Colorado on February 13th, 2020. It was only a few days after this employee’s tragic passing when Archegos’ risk profile exploded - changes later said to be the result of inexperience by his replacement. + +Which is also one of the reasons why I find the fact Credit Suisse being the sole book-running manager for Cohn Robbins to also be interesting. + +## Hypothesis + +SPACs, like Cohn Robbins, have become popular among investors who practice what’s known as [Private Credit Repayment](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/easy-exit-spacs-spell-quick-repayments-for-private-credit-63130191). + +And based on: +1. The timing of Melvin’s CCO changing from Evan Cohen to Robert Rasamny +2. Cohn Robbins’ business model and activities through December 31st, 2020 +3. Gary Cohn’s pre-existing relationship with Steve Cohen of Point72 +4. Lowenstein Sandler being a common thread between Melvin, Cohn Robbins, Credit Suisse and Archegos and +5. Cohn Robbins book-running relationship with Credit Suisse + +I found myself wondering - was the [issuance](https://sec.report/Document/0001213900-21-009032/) of shares by Cohn Robbins on December 31st, 2020 simply their way of acquiring Melvin Capital’s assets for the purpose of Private Credit Repayment? + +I think so, and while reviewing another [one](https://sec.report/Document/0001319244-21-000095/) of Cohn Robbins’ ownership acquisition statements from December 31st, 2020, I recognized another interesting connection - this time in conjunction with Millennium Management - that seems to provide further evidence of this theory. + +Millennium Management is run by Israel Englander - the [highest paid](https://www.cnbc.com/2021/02/22/-25-highest-paid-hedge-fund-managers-earned-record-setting-32-billion-in-2020.html) hedge fund manager in the world - who, as recently as 2017, has had to [settle](https://www.sec.gov/news/press-release/2017-203) with the SEC over illegal short selling. Since December 31st, 2020 Israel Englander has beneficially owned 6,292,199 Class A Ordinary Shares of Cohn Robbins and due to this figure being so close to the 6 million-shares worth of puts listed on Melvin’s quarterly filing from [February 16, 2021](https://sec.report/Document/0000905718-21-000248/) I decided to take a closer look at Millennium’s filings. + +What I found was that both Melvin and Millennium’s filings from May 17, 2021 display the same weird error message on the SEC’s website: + +- Melvin [5/17/2021](https://sec.report/Document/0000905718-21-000700/) +- Millennium [5/17/2021](https://sec.report/Document/0001273087-21-000006/) + +And since May 17th, 2021 all of Millennium’s quarterly reports have included a message that states: + +> “Certain holdings included in this report involve discretion exercised by other relying advisers of the Institutional Investment Manager that are not separately identified on this report. In addition, certain holdings included in this report are reported in the holdings reports of other institutional investment managers that may be deemed to have investment discretion over such holdings, but on whose behalf the Institutional Investment Manager does not file holdings reports.” - [Millennium Management - November 11th, 2021](https://sec.report/Document/0001273087-21-000016/primary_doc.xml) + +With Melvin’s subsequent filings providing [no details](https://sec.report/Document/0000905718-21-001492/primary_doc.xml) either. + +All of which leads me to believe that Melvin Capital is no longer the “Melvin Capital” we were made to believe was led by some illustrious trader: + +> “Obviously, Gabe Plotkin, by reputation, one of the best money managers of this generation” - [Ken Griffin - February 18th, 2021](https://www.rev.com/blog/transcripts/robinhood-ceo-testimony-transcript-gamestop-hearing-february-18/) + +Instead, I propose that Melvin is actually just a “zombie hedge fund” being propped up and used as a sacrificial lamb while it’s former assets, the backwash of Credit Suisse dealings between Archegos and Greensill, are continuing to be sliced and diced behind the scenes by individuals who’ve been formerly convicted of financial crimes. + +## Conclusion + +Like I said, the plotkin thickens and this novel chain of events is even harder for me to comprehend while taking into consideration the credit being repaid could be realistically tied to [Credit Linked Notes](https://www.reddit.com/r/Superstonk/comments/r4vyay/the_criand_connection_and_credit_linked_notes) invested in by those seeking to profit off COVID-19 induced bankruptcy events and [people](https://www.reddit.com/r/Superstonk/comments/qsbfmz/gamestop_sears_and_the_cancellation_of_bill_gates/) who claim to be helping society, not destroying it. + +Trading is a tough game, don’t you think? + +— + +Just a Retail Investor, not a financial advisor. +Thanks so much to u/fateofmorality for posting [this](https://www.reddit.com/r/personalfinance/comments/62eefp/girlfriend_applied_for_a_job_within_24_hours_they/?st=J1GORJUS&sh=45a10177) to r/PersonalFinance ! A couple days ago, my cousin was talking to his girlfriend about a new job she's been trying to get. After a bit of inquiring, he said that it was for $46/hour w/ no experience necessary, and that he was going to try to get it too. It sounded too good to be true, but it was none of my business. + Fast forward to today, he told me his girlfriend got the job, and they sent her a check that she was about to cash (~$2400) to buy equipment. IMMEDIATELY I remembered that post, and fortunately I was able to find it and show him this is a common scam. I didn't want to rain on their parade or seem jealous that she got a "well paying job", so I told them just to call the bank on the check just to be sure. His girlfriend was literally waiting in line at her bank, right about to deposit it, when he called her to check...Sure enough it was fraudulent and she's contacting the local fraud department to report this! + +Edit: This is in Phoenix, AZ...be careful out there + +Edit 2: glad a lot of people could read this! It's really important (I especially learned today) to be ~~weary~~ wary of "too good to be true" situations! Ask questions and be skeptical! + +Edit 3: I think I now have a pretty good understanding on how the scammer makes money off of this now. They send you a fake check, but the bank lets it go through for your own convenience; you then buy the scammer's "equipment" (the vendor you get the equipment is also a scam, just to get your money, you never get the supplies that you payed for), but the bank eventually figures out the check is bogus, takes the full amount out of your account, even if you go negative in which case they'll demand you pay the amount asap or forgo repercussions. + +Seriously, what is the point of not having a washer and dryer in every home, other than for laundromats to stay in business? + +I hate that laundry is a chore that I have to do outside of the privacy of my own home. I have to deal with carrying detergent in my car, lugging a big bag of laundry around, strangers seeing my underwear, and spending a crap ton of money just to get my clothes clean. + +One of the shitty things about being poor. + + +I often see the Scandinavian countries ranked highest in the list of happiest countries in the world. I assume that is partly because the happiness of the poorest have been raised a lot. + +If one only considers the top 1% or 10% wealthiest people in countries, however, who would then rank highest? I.e. in what country is it generally best to live if you are rich? + +Has any such study been done? I can't find any on Google. +CoinMarketCap is seriously underrepresenting Ethereum: + +1) On the first page of CMC, you can not differentiate coins and tokens in any way. And even if you could, there is no indication of what platform they belong to. I think this should be updated. This would be eyeopening for many people. Most don't realize just how many tokens there are in the top 100 and how the majority of these are Ethereum based. Currently 46/100 are tokens and 42 of those are ETH based. ...Yes, that means **43 of top 100** cryptoassets (ETH+tokens) are directly in the Ethereum ecosystem. I bet that a lot don't even realize that EOS, the fabled Ethereum killer, is still yet a token on Ethereum. + +2) If you click on a token, on its page it has an indication that it is a token, but still nothing about the platform it is on. Only if you separately choose to list tokens, it is that you can see which platform the tokens use. + +This should 100% be improved. If you agree, then at the bottom of CMC, there is an option to fill a request form. Alternative would be to contact CMC somehow through reddit, which someone here probably knows how to do. + +If there is a problem with space on the main page, then in my opinion, the circulating supply should be dropped. Otherwise an option is also to not have the platform name fully written out, but a small logo of what platform the token belongs to, listed just next to the coin name would be enough. + +**EDIT :** Don't think the issue will be resolved just by upvoting this post. Asking CMC for a fix is something you personally can do to make new investors understand just how capable cryptoplatforms and especially Ethereum already currently is. Coinmarketcap.com supposedly has [a global website rank of 255](https://www.alexa.com/siteinfo/coinmarketcap.com). A lot of people will be educated. +It's easier for a $700m company to double than a $200b company. Therefore it's in your best interest to have a decent amount of exposure to them. The biggest hurdle with many small caps is getting people to pay attention. Wall street generally disregards them because there isnt enough reporting on them. They aren't well followed or well researched so this creates opportunity when it comes to mispricing. Here are some of my favorites that I'm heavily invested in. What small caps do you see becoming mid caps in a few years? + +Edit: Anything under $5 (at any point in the last 6 months) is a penny stock and I just can't be a part of that (and neither should you, sincerely). Small caps are less than 2 billion in market cap but the share price is over $5. Penny stocks *always* have significant long term losses. Yes, even the one you're hyping right now because its in the middle of a pump. It will dump soon. + +Xpel (XPEL) + +They make automotive surface protection and grow like a SaaS company. They've doubled in the last few months and at the rate they grow there's no reason to believe they won't double again in the next year. + +SiTime (SITM) + +Only Company to Offer MEMS Resonators, Oscillators and Clocks to Cover Entire Timing Market. The stock price shows just how much faith people have in this company. + + +QuinStreet (QNST) + +An online performance marketing company, provides customer acquisition services for its clients. Solid fundamentals. Solid growth. Finally recovering from a 2018 article that said to short them. The stock had quadrupled at the time so it was a prime target. They said the revenue growth was unsustainable yet they have grown revenue every year since. + +Systemax (SYX) + +While revenue and earnings have continued to rise, the share price has not kept up. At one point their p/e was over 100. Their forward p/e is now just 17 and their peg ratio is an even 1. Undervalued companies dont stay this way forever, just ask EBIX. + +Nexpoint Real Estate Finance (NREF) + +Not to be confused with Nexpoint Residential Trust, this is one of my favorites. Barely a $100m market cap, this undiscovered gem has been performing well recently. The dividend is a whopping 8% of its share price. + +Primoris Services (PRIM) + +A contractor that engineers and constructs everything from solar projects to bridges to runways to pipelines. Possibly the most undervalued stock in the entire market. Bidens infrastructure plans will help these guys immensely. + +Bonanza Creek Energy (BCEI) + +I usually stay away from anything oil but this is what a well run energy company looks like. Industry analysts recently upgraded their revenue forecasts by 48%. EPS is expected to rise 60%. +**TLDR** + +Terrible first generation college student from lower class family digs himself into a lot of debt. Eventually reaches worthlessness through a combination of luck and market returns. Received no gifts nor inheritances. + +###Hello Everyone! + +Last month I hit my first major FIRE milestone, becoming worthless! For years I was in denial, mildly depressed, and anxious about the reality of my financial outlook, so my hope is that other prospective/current/recent college grads will read this post give them hope, or at least a post they can relate too. Most of these numbers are estimations, I only started using Personal Capital in 2018. Also, all numbers are as of the end of the year. + +# **Financial Upbringing** + +In short, my parents always had (and still do) live paycheck to paycheck. I grew up in a poor area in the middle of nowhere USA, where living on the land debt free + social security is more than enough to retire on. I knew early on I didn't want a blue collar life, but as a high schooler I cut my teeth on construction sites and it taught me a good work ethic. I always worked hard, but the money always had a place to go to. + + +#**2013-17** || *NW of $-75k* +###*Income = ~$18k, two part time jobs* +**Investments=$0 Cash=(paycheck to paycheck) Debt=(75k)** + + +Four years of school done, and I still didn't graduate. When I was a senior in high school, I googled "best paying degrees". Computer Engineer was near the top, so I went to school a day's drive away, figured the high private school price tag was normal and just started taking out loans. I worked 2 jobs and had my own place. Within a short time, my house became a frat house, and we threw parties with hundreds of people every weekend. This of course let to me never working on schoolwork, and sure enough I couldn't pass my classes. + +Starting in 2016 I was losing sleep over my college debt. Every semester I was 8k or more in the hole, and as my grades worsened so did the debt. I became frantic at times, and would lose my temper easily when talking about financial things. When asked if my family was paying for my schooling I would abruptly leave the conversation. I became jealous and bitter that others didn't have to work 2 jobs, that others could afford to live on campus, and that they could take weekend trips. I lost lots of friends in this time period, as the parties ended and reality set in for me. + +One great thing that happened in this time period, is that I met my future wife. She helped me get on the path to FI possibly more than my degree did, and I'm eternally thankful for her. + +#**2018** || *NW of $-93k* +## *Income = ~$55k + 3% 401(k), first full time job* +**Investments=$2k Cash=(paycheck to paycheck) Debt=(95k)** + +It took me 5 years and an extra summer semester, but I settled for a CompSci degree after failing out of CompEng. And guess what, I became a computer engineer anyway. HAH! Take that Dr. Brocious! I landed an internship off the recommendation of my wife, and started working my first job for 55k. I knew this industry is lucrative and exclusive, and its unlikely I ever would have later in my career if not for the internship my wife helped me get. + +It was in this year that I started focusing on finances. I had just found this subreddit, so when 2000 toyota avalon died I went for an efficient car I thought could last a long time. Well, I had the right idea, but in execution what I ended up with was an 11k loan @ 11% for a car I did not enjoy driving. First loan, no credit, 11% was actually considerably lower than my peers, so I thought that was great. It was not. + +I refinanced my 7.7% student loans down to 4.8% in this year as well. + +#**2019** || *NW of $-70k* +### *Income = ~$85k + 8% 401(k) (gradual vesting plan)* +**Investments=$11k Cash=$5k Debt=(86k)** + +Didn't last long at my first job as I quickly found another paying 30k more that I enjoyed much more. Company loyalty means very little to me. This also meant moving to a HCOL area, so while 85k didn't actually mean i kept much more money, I had more opportunities. + +At this point, I was throwing every available dollar into my loans. + +I refinanced my 4.8% student loans down to 3.8% this year as well. + + +#**2020** || *NW of $-25k* +### *Income = ~$115k + 20% 401(k)* +**Investments=$35k Cash=$12k Debt=($72k)** + +Didn't last long at my second job either. Turns out living in a HCOL gives you lots of options, my 3rd job hop landed me at a small company with an owner who is intending to FIRE himself, and has a pay structure to allow his employees to follow suit. With this pay bump I've maxed out my earning potential for my current experience in this industry, however. + +In March 2020, the market took a huge dip, as you all know. However the outlook was always that it was a temporary thing, so I stopped contributing additional money towards loans and invested all my available cash into VTSAX in early April. I also started maxing out retirement accounts and putting that into VTSAX as well. This greatly accelerated my path to worthlessness. + + + +Another thing that helped is that my car was totaled in an accident where the other person was at fault. I was able to rid myself of the poor loan and car, and buy a Nissan Sentra for 4000 dollars and low-ish miles. + +Given my income, you might think my FI progress was slow for this year. You'd be right, as I got married early 2020, and the wedding + honeymoon cost me about 15k all told. We did a destination wedding to save money, but even with that it was still a hit to that years progress. Would have been nice to invest that money during the covid crash, but frankly I would have spent more money I had too, February 2020 was the best month of my life. + +I also refinanced my student loans again, from 3.8% down to 2.8%. I think I am done messing with them now. + +#**Today** || *NW of $10k* +### *Income = ~$115k + 20% 401(k)* +**Investments=$50k Cash=$23k Debt=($64k)** + +Numbers get a little weird an inaccurate here, since I bought a new construction house that i've only paid half the downpayment on so far (its not finished building yet so we have not closed), so most of the money is being saved in cash for that. I've also combined finances with my wife, so this is my last celebrate an 'individual' FI goal, as all FI goals hereafter will be mutual! + +At this point, I am no longer in the red, however I still carry my student debt. As stated before though my debt is all under 3% now, so i'm content to let that ride and continue investing into the market for now. + +For me personally, I have my sights set on FI more than RE. One of my biggest goals is to travel the world, and I'd rather do it when i'm young with high earning potential, than when I'm old and have to worry about pinching pennies. Everyones different, thats just me. + +Cheers to FI! +Hi! +We've been through the red market now with the price for ETH $84 [https://coin360.com/coin/ethereum](https://coin360.com/coin/ethereum) and the green one back in December 2017 [https://coin360.com/coin/ethereum?period=\[1513577993000%2C1513588793000\]](https://coin360.com/coin/ethereum?period=[1513577993000%2C1513588793000]) +After all this stuff do you believe that cryptocurrency and the blockchain technology is our future? + + +[View Poll](https://www.reddit.com/poll/a3ypz3) +Just goes to show that crypto moves extremely quickly and it's easy to get left behind. + +DCA and hodl is the way!! So excited for the next year, and hope we can all look back at today with the same kind of wonder 🚀 +Excited to wake up on week days, can't sleep at night, hardly get any work done all day, day dreaming about living a lifestyle where you can buy something as simple as cheese when it's not on sale without feeling guilty about it. But the best part is that, I've never been a part of something where so many people worldwide, feel so united. 99% vs 1%. If this was the only thing I took away from this experience, I'd leave a better man than before this squeeze begun! A world where the 99% stand together doesn't sound so bad! + +Obligatory: 🦍🚀💎🤟 +https://twitter.com/MoneyTelegraph/status/1471149781913321472?t=3rjLvX0oWhXwm-Mw7XqIlA&s=19 + +10.1% interest is an absolute joke. By my calculations you'd need to be earning over £66k a year for the repayments to be larger than the interest gain on a £50k loan balance +So I just thought an interesting metric could be the period between those two points, because due to the obscure nature of crypto for many people this might be years, and because the number of people having heard about it but not bought in is sure to be much greater than those actually invested. Ultimately, those are standing on the sidelines and are potential users. + +Just trying to better estimate when the next bull run will be ;) + +[View Poll](https://www.reddit.com/poll/a6yqy4) +Would it be better to invest 50% in each: +- Vanguard FTSE All World Index (A1JX52) +- Amundi MSCI World (A2H59Q) + +Or to just invest 100% in one of them? + +F, 26, Germany + +Thank you!!! +Netflix share price recently plummeted and the company is scrambling for damage control with “Don’t worry! We’ll fix it!” + +After a year and a half of DD pointing out how corrupt, manipulated, and opaque the U.S. stock/derivatives market is…who in their right mind would now think “Man, Netflix really had a bad quarter according to their [insert bullshit metric here], that’s why their share price is down today.” + +I know I know…it’s not just today that I ‘discovered’ my loss of trust. + +But! If you were a CEO or in charge of ANY publicly traded company, why not come out and say, “Yeah, so our stock went down 25% last night in After Hours. We think a bunch was sold because some over-leveraged Hedge Fund had to liquidate for margin. Our share price has no relation to our value. I’d tell you more, but the SEC and that “government” (re: corrupted hedge fund-controlled) agency in Chicago that 99.99% people don’t know exists doesn’t do shit for transparency, enforcement, and true price discovery. So…🤷‍♀️” + +GameStop goes up 50%? Silence. + +Netflix/Discovery/Facebook plummets? CEOs scramble and everyone screams “oH nO tHeY aRe fAiLiNg cOmPaNiEs!” + +Anyway. That’s all. + +Felt cute, wanted to spread word on how share prices are dogshit wrapped in catshit. + +🚀 Buy. Hodl. DRS. Vote. Moon. 🚀 +Happily go through relevant ratios, annual reports and growth prospects now but, God, I was moronic. + +At the start my stupid moment was making a self-made lithium ETF that at first included large multinational miners but then descended in to just adding stocks with lithium in the name. + +Managed to make 30% funnily enough before I wished up but that's besides the point. +Am I missing something? Verizon under $57 seems like a no brainer. I picked up shares right before close today. + +Would this be considered a “value investment” +I wanted to know what's your opinion on companies where the founder/ceo is the majority stakeholder and owns a vast amount of the stock? +While it seems to me it's quite rare in the US for companies above a certain mkt cap, in my local country stock exchange, there's a lot of companies like this. +A major disadvantage I see is that if the person dies, everything comes to an end. A bit dark, but true... +Another disadvantage I see is that he can basically do anything he wants with the company. +An advantage is that most of the times that person's wealth is tied to the company. So he/she has a good incentive for the company to flourish. +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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Do you really think they can ignore the fact that every single share will be publicly and visibly accounted for, yet millions of shares still trade hands everyday?? + +This is FUD to instil the idea that DRSing the float won’t make any difference, and all the regulators will “just ignore it”. + +MOASS will more than likely happen long before the float is registered. But DRSing is the only action apes can take to protect their investment and make sure you get paid when the day comes. Do not fall for any of it, we are close 🚀🚀🚀🚀 +So I've been seeing a lot of posts damning GDAX for how they handled yesterday's flash crash, and now I see that some scum lawyer is trying his hand at a class action suit. This is ridiculous guys, a lawsuit (as fruitless as it will be) will do massive damage to the crypto market as a whole. I've outlined my reasons why you're not getting your money back, and why GDAX operated entirely within the law with their actions. + +--- + +1: GDAX is **NOT** required to offer a margin call + +This is a big one for me. The SEC states very clearly that a margin call is offered at the discretion of the exchange, and they're allowed to liquidate your position *without* prior notification to the client. If you don't believe me, just give this page a look. https://www.sec.gov/reportspubs/investor-publications/investorpubsmarginhtm.html + +2: Traders that were engaging in margin trading were likely breaking GDAX's ToS by not meeting their requirements for margin accounts. They require that you meet the "Eligible Contract Participant" requirements that are laid out in Section 1a(18) of the Commodity Exchange Act. Failing to meet these requirements means you lied to GDAX when you signed up for your margin account. Here's their ToS https://support.gdax.com/customer/en/portal/articles/2769116-margin-trading-agreement + +Also note that GDAX is not legally required to vet that the trader meets these requirements. As laid out in the SEC regulations on margin trading, all an exchange is required to do to establish a margin account is get the signature of the account holder. +-- + +3 Finally, traders are responsible for understanding the risks of margin trading, and how to manage/mitigate that risk if they choose to engage in it. It's absurd to expect that GDAX will refund these transactions because some very inexperienced traders didn't know what the fuck they were doing. It's tantamount to demanding a credit card company wipe your debt out because you didn't understand the risks of spending on credit, or that it was "too easy" to get access to a credit card. + +--- + +We as a community need to resist the temptation to demand the death of GDAX/Coinbase, and think about the consequences of one of the largest exchanges in the US being sued. It will greatly damage the public perception of cryptos, ultimately hurting all of us more than the events of yesterday ever did. + +/endrant + +Edit: Class action **SUIT**, not a double room DOH + +Edit 2: Well shit son, this blew up more than I expected it to. I wanted to post an updated response, because I do think there were some issues with the title of this post. The title was shit, and very inflammatory. I still stand by my points though, and truly do believe a lawsuit is pointless (especially class action) - but that doesn't take away from the traders rights to feel wronged and seek justice. +Last year I bought 20 eth with my wages from a part time job. Now I can't believe that the 20 eth I bought can pay off my entire student loan debt. Still going to hodl though +Longshot, but maybe someone here has dealt with this. House with gorgeous city/queens necklace view in Palisades, but is on uphill side of street. Streetlight on property border is centered in the prime view. Is it possible to pay to remove light or move it 30ft up the street onto property where it won't interfere as much with view? Ideas on strategy and costs would be amazing. Los Angeles. +I’m fairly silent on this sub because I’m new and am using this sub to learn from people with possible experience, and how they think about what stocks to pick. + +I’ve seen mixed opinions on KO which I was surprised to see but the argument against KO is fairly valid. They are tapped out of their growth and don’t have the snack side like Pepsi has Frito Lay. + +I just saw Coca Cola advertising their new product and decided to look into it. Stumbled on this article and I want to know this subs opinions on it. + +Their new product was a hard seltzer through Topo Chico. While they are kinda late to the game with hard seltzer’s if it takes off wouldn’t that show good potential for KO to find some new horizons in the beverage sector? They also have a coffee too which this article talks about, but they’ve had the energy drinks and idk if that was successful for them. + +But please let me know what y’all think in the comments. + +https://www.beveragedaily.com/Article/2020/08/03/Coca-Cola-to-launch-hard-seltzer-and-Coca-Cola-With-Coffee +Once MSM and the rest of cronies acknowledge the interview the cats going to be out the bag. FTX has been sweeping headlines for the past week and what none other way to bring everyone to the place that's been detailing this fuckery from the start. GMEDD and Superstonk. He knows we won't twist his words and he also knows people have poured days of not years of their lives into truly having a DECENTRALIZED and fair market. + +What else happens this week? That's right! The time where friends and families get together in large groups more than any other holiday. Even the great Arnold Schwarzenegger says he isn't a made man because of the friends he made in the gym and what they did for him during thanksgiving. For those who don't know a quick recap, A group of his friends all brought food to his house and told stories on why they enjoyed having him and helping him when he had nothing. + +He literally started off the interview by saying he's been so busy with work he hasn't had time to play. Well I'm going to be playing that sweet GME shanty as I gather everyone around ye table and tell them the shorts never closed. +RC Ventures has Filed a Form 144. This does not mean he has sold. This only means RC Ventures now has the right to sell within 90 days. **THIS IS FUCKING BULLISH!!!** + +Under rule 144, more than 1% of total outstanding shares or the average of the previous four-week trading volume can be sold at a time **AFTER** the disclosure. + +Key note here: This filing takes place before a sale. This does not indicate he has sold beds and does not force him to sell either, it just gives him the option to sell a large stake within 90 days. + +IMO this is a huge indicator that RC believes beds (and in unison because of swaps and stuff, GME) is going to explode in the next 90 days! + +Don't let the FUD get you, IMO this is a good indicator that RC likes what's coming. + +https://preview.redd.it/nyw7ba7q4ci91.png?width=949&format=png&auto=webp&s=640efb773509ea00db36fc447bb853fecac28428 + +EDIT: Adding the following image to show the actual SEC filing and what it says. + +[Highlighted the section about \\"potential sale\\".](https://preview.redd.it/2dmimmt18ci91.png?width=1055&format=png&auto=webp&s=ee6715e61459248a382cc624e1e1e18080b38332) + +EDIT 2: Looks like I got this one wrong. Did some TA and don't like the looks of BBBY in the near term. Too many gaps down low and dropping through support levels. + +EDIT 3: Did RC pay off debt for BBBY with the short swing rule? Need some wrinklies. BBBY filing this morning saying they reached an agreement with RC was interesting and positive. + +EDIT 4: this here is some solid speculation on what happened this week - [69-D Chess](https://www.reddit.com/r/Superstonk/comments/wrvoo5/gme_and_bbby_rc_turning_tables_in_69d_chess/) + +As always.. + +See you space cowboy! 🚀 +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! + +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! + +x-post from /r/PersonalFinanceCanada since this might be a better audience. I was looking at a breakdown of US counties and their contribution to total US GDP. This made me realize I know a whole lot about Toronto's size with respect to the Canadian economy (huge), but have never really tried to compare it to US cities. + +Looking at [https://www.toronto.ca/wp-content/uploads/2019/02/8b6a-GDP-Estimates.xlsx](https://www.toronto.ca/wp-content/uploads/2019/02/8b6a-GDP-Estimates.xlsx), I found the Toronto census metropolitan area (which includes Toronto, Peel, and York along with parts of Durham/Halton) has a 2017 GDP of 337 billion in 2007 Canadian dollars. + +[This](https://en.wikipedia.org/wiki/List_of_U.S._metropolitan_areas_by_GDP_per_capita) Wikipedia page reports US metropolitan statistical area GDP per capita in 2009 USD. Using [StatsCan's CPI data](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501&pickMembers%5B0%5D=1.2&cubeTimeFrame.startYear=2006&cubeTimeFrame.endYear=2019&referencePeriods=20060101%2C20190101), the CPI was 111.5 in 2007 and 114.4 in 2009. So, the Toronto CMA's 2017 GDP would be 346 billion in 2009 CAD. [This](https://www150.statcan.gc.ca/n1/pub/91-214-x/2018000/section01-eng.htm) link puts the Toronto CMA's population at 6,346,088 in 2017. Or $54,521 GDP per capita in 2009 CAD (for reference this would be $64,815 in 2019 CAD). + +We could use two methods to compare GDP across Canada and the US: + +1. Purchasing power parity. This is about how much buying power 1 CAD has relative to the USD. Typically done via a national composite "exchange" rate. StatsCan [publishes PPP estimates](https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=3610010001). For 2017, 1 USD = 1.2048 CAD. +2. Currency exchange rate. We can use the [BOC's average annual exchange rate](https://www.bankofcanada.ca/rates/exchange/annual-average-exchange-rates/) for 2017: 1 USD = 1.2986 CAD. + +I'm not sure whether method 1 is appropriate here since purchasing power varies widely from city to city and I was more curious about economic output than local buying power, but we can calculate both. + +Method 1 gives Toronto CMA's 2017 GDP per capita at $45,253 in 2009 USD. Method 2 puts it at $41,984. + +I always knew Canadian GDP per capita skewed lower than in the US (at PPP, we are about 73% of the US). But Toronto's per-capita economic output is almost shockingly low to me. Our peer metros in the US are not at all what I'd expect and are hardly what I'd think of as dynamic, cosmopolitan cities: + +|Metropolitan area|GDP/capita (2009 USD)|Population| +|:-|:-|:-| +|Jackson, Mississippi|45,390|580,166 (2018)| +|Lima, Ohio|45,497|108,473 (2010)| +|Buffalo-Cheektowaga-Niagara Falls, New York|44,843|1,135,509 (2010)| +|Memphis, Tennessee|46,029|1,324,108 (2010)| +|Orlando-Kissimmee-Sanford, Florida|45,807|2,608,147 (2019)| +|Wichita, Kansas|45,862|637,989 (2013)| +|Detroit-Warren-Dearborn, Michigan|52,879|3,734,090 (2010)| + +For comparison, here are the numbers for some larger, "higher tier" US cities: + +|Metropolitan area|GDP/capita (2009 USD)|Population| +|:-|:-|:-| +|San Diego-Carlsbad, California|60,517|3,095,313 (2010)| +|Portland-Vancouver-Hillsboro, Oregon/Washington|63,817|2,226,009 (2010)| +|Denver-Aurora-Lakewood, Colorado|64,379|2,967,239 (2019)| +|Boston-Cambridge-Newton, Massachusetts/New Hampshire|78,465|4,552,402 (2010)| +|New York-Newark-Jersey City, NY/NJ/PA|71,084|19,043,386 (2010)| +|Seattle-Tacoma-Bellevue, Washington|80,833|3,979,845 (2010)| +|San Francisco-Oakland-Hayward, California|89,978|4,335,391 (2010)| +|San Jose-Sunnyvale-Santa Clara, California|128,308|1,836,911 (2010)| +|Los Angeles-Long Beach-Anaheim, California|67,763|12,838,417 (2010)| + +The gap in economic output here seems immense and almost hard to believe. Did I make a mistake somewhere in my analysis? If not, it really makes me wonder what's going on. +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! + +30 years old living in New Hampshire. Will probably spend another 10 years here taking care of my grandparents. From competing with cash offers, waived inspections, cash payments on differences in appraisals, BEYOND asking offers..... WE ARE DISCOURAGED. + +Every offer we have made has been strong over asking, good down payment, but WAIVED INSPECTION! Won't do it with young kids... + +Fears of buying: market tanks, we're stuck in an overpriced home + +Fears of waiting: prices keep going up, we're throwing rent money in a hole + +Private sale possibilities: my grandparents house when they pass (pre-discussed), the 3 unit multifamily we are currently residing in (landlords 95 year old mother is not ready to sell yet - i think the family might sell after). + +\-------------------------------------------------------------------------------------------------------------------------------------------- + +Current rent: $1,300 for 1,400 sq. ft 3 bedroom 1.5 bath. + +Average rent in the area for this: $1,600++ + +Median price of home this size: $290k ++ + +\-10% down = $1,870 monthly \*includes mortgage, PMI, insurance, taxes\* + +\-20% down = $1,610 monthly \*includes mortgage, insurance, taxes\* + +Excellent credit so 3.11% 30 year rate. + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Advice needed. Should we be content renting? Continuing to save for maybe a 15 year mortgage? I feel like we're throwing money in a hole... +Anyone have any insight on what will happen most generally after this QLD flood? Perhaps people who bought or sold real estate post 2011 flood? Understand we're in weird times for real estate at the moment, but QLD market was soaring entering this third Quarter. Particularly interested in apartments whose sinking funds will be shot. Unconditional offers dropping off, brand new WIP City infrastructure for Olympics being hammered etc. etc. +With more time on my hands and more focus on mental health around Australia I thought I'd share my story to help anyone in a similar situation and contribute something to the community I've learned so much from. + +TLDR - Look out for number 1...that's YOU. This should be your number 1 rule. Always. (Or go to 2nd last paragraph) + +I joined a well known company in a different country we'll call CountryA as a graduate (working with software/systems). Finally, I had been given a chance to get a career started after some setbacks. I was hungry for this and was keen to work extremely hard to build myself up. I start work and it is going great. For a well known profitable company our systems were old and many were not even there. I saw the positive in this as I saw the growth opportunity. My boss was also great. Very nice, very understanding, not petty and we got along really well. I remember we built a great relationship that she came to me crying couple of times over personal stuff that had happened to her, and I, as the grad, would console her (this has significance later in the story). It was literally just her and I in the team trying to digitally transform an entire company that is resistant to change which is extremely hard. + +Since it was just her and I, I was doing feature designs for the new software, I was doing the training, I was doing the support, I was doing all the travel, I was doing the admin, I was doing the strategy and I was also copping the horrible amounts of shit when the software would fail and it often did as it was new. What she was doing in these early days I still have no idea but I didn't question as I was just a grad. + +However, I push through and the feedback is great. Not just from the boss, but from others in the company and up and down the country too. I start building a reputation for myself and become the go to guy for the new software we created and implemented. We're kicking goals and I make my boss look great. By then, 2.5ish years, we did mostly what we wanted to do in CountryA after some hard hard work trying to get an entire business to change the way they operated. All the change management that goes with this was a huge accomplishment. The next goal was to do the same in Australia which we knew was a lot harder, more complex and much bigger. I start traveling to Australia a lot. Again doing pretty much everything with the software and now with the added international travel I'm starting to burnout again (had burnt out at least once prior to this). Not just that, it was so demanding that I'm having to travel and work on weekends and public holidays. We saw that we clearly needed more resource in Australia so I was asked if I wanted to permanently move there (they really did support me and give me a fair salary for this - this has significance later in the story). The plan was I go, set everything up and then we hire 1-2 people under me so we are resourced properly to tackle Australia. + +I move to Sydney and start establishing the relationships here and make a good start on the plan. My boss then hires 1-2 people in CountryA. She goes on to hire the 3rd and 4th in CountryA and I'm scratching my head as to why she's not mentioning hiring here like we had discussed and considering Australia is the growth market and is much much bigger. I ask the boss why and in hindsight all I get were some pretty shit excuses. She goes on to hire the 5th, 6th, 7th, 8th, 9th, 10th and 11th in CountryA in the same office and I'm still left here alone doing everything in Australia. Not only that, I'm training the new people she hired on our systems adding to my workload and stress. + +The landscape now starts changing, with a tight-nit team all in one office I go from being the go to expert to this random guy in a different country that no one really knows. Even the people I trained, they would take my ideas and solutions to problems and raise them to the boss without giving me credit. Whenever they get stuck they would play buddy buddy again and ask me for solutions but again keep me out of the important conversations. I was in a rough place. If I don't help them out then I'm not being a team player and If I help them out they take my answers and completely cut me off. I spoke to my boss many times on how I need to be involved a lot more but with all of them in 1 room I was easily forgotten about. + +I start falling further and further out of the picture. The important tasks I used to do have now been taken over and all that was left for me were the grad tasks. I'm nervous now that I might be made redundant and being away from my support network did not help. I have a formal sit down with my boss on how I'm not being included, I'm being cut off from everything and knowledge gaps are forming, my roles and responsibilities have dramatically changed and it was not even properly discussed and all I get in return was a nervous smile and her tip toeing around how I've been treated. **She then literally runs away from the meeting saying "I promise I'll be better next time" while having a little giggle to herself**. While I'm here stewing and frustrated with the situation, her way of dealing with it is to turn it into a joke and runaway from it.. + +This is the boss that used me as a shoulder to cry on, this is the boss I worked extremely hard for with minimal help from anyone, the boss I stuck my neck out fronting the software for and copped all the shit. This is the boss that is known for being super nice, understanding and empathetic but I'm the one getting stabbed in the back by her. The boss tries anything she can to downplay the situation going forward or again run away. She knew if this was properly addressed and we had a frank discussion about all the events that occurred it will clearly look bad on her and they she simply didn't want to deal with it. + +The months roll on and situation is just getting worse. I'm now the go to guy to handle all the graduate type tasks while anything important is discussed in CountryA without me or my involvement. I'm the most experienced, no one knows the Australian business better than I but apparently this doesn't mean much to them anymore. They are making the same costly mistakes I made starting out that could have been so easily avoided but I wasn't invited to the discussions or even when I was, I was no longer respected and my word no longer carried any weight. Even the hard work I would do in Australia it would not be seen by anyone so it didn't take long for some snarky remarks to be thrown my way. No more benefits of the doubt and any miscommunications would always be my fault. Things that get requested by team members in terms of being put on new projects or career progression my boss would be all ears for them and try very hard to make it happen. Anything I asked for would go in 1 ear and out the other or I'd get lip service. I'm now less important and valuable to her and in a far away country so why would she bother, right? She just simply doesn't care and I had to accept this.. + +It became clear what my boss's overall strategy is. Despite all my knowledge and experience I'm just someone to execute whatever gets lobbed over to me even if it doesn't necessarily work in Australia. Their word is final. They wanted to have full control and centralise all decision making to make their lives easier, be in full charge and get all the credit by the higher ups. + +Despite all of this I still felt a connection to the company and it didn't cross my mind to leave which in hindsight was TERRIBLE judgement. I just thought it's part and parcel of having a job. After all, this was the company that gave me my first big break, my first proper pay cheque, they supported my move to Australia, where I learned everything I know, where I have built relationships. I also questioned my own abilities in a different company. **If you are reading this, DO NOT think this way. Once they overstep boundaries, once you are not appreciated and once you're just another bum on the seat then LEAVE! Else they will just use you as a pawn in THEIR game. People change, as shown by my boss. Companies change. Circumstances change. How valued and appreciated you are changes. In the same way the landscape changes you also have to change and adapt and see what's best for YOU. The skill is to see the writing on the wall and respond quickly.** Something I wish I had done. You do not owe a company or your boss anything nor do they owe you so look out for number 1. The mental stress of not knowing where you stand, why you're not appreciated and trying to figure out what game they're playing is simply just not worth it. + +I am now few months in a new role. Much much happier. Although new, what I'm contributing is getting heard and I'm appreciated as a team member. Even if I didn't see myself at the current job I know now to adapt. +Let's say you're me and you're opening self managed accounts for the first time with a plan to invest in ETFs. As the year goes on and I'm adding money, is there an advantageous order? + +Sub-question, is there any reason NOT to use one of these accounts for any reason? + +Thanks for any thoughts. I've done lots of research and just trying to cover all my bases. +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 are all pretty lucky to be in the positions we are in. + +Last week I was feeling really distressed and a little sad and I realised I just simply was taking my wealth and comfort for granted + +How do you practice gratefulness? +https://www.businessinsider.com/elon-musk-tesla-market-capitalization-warren-buffett-berkshire-hathaway-2020-11?amp + +Buffett's company earned $255 billion in revenue and booked $73 billion in investment gains last year, fueling $81 billion in net income. Moreover, it held $137 billion in cash and short-term investments at the end of March — enough to buy Tesla in its entirety at the time, as its market value had tumbled below $100 billion during the coronavirus crash. + +Meanwhile, Tesla had about 48,000 full-time workers last year, less than an eighth of Berkshire's workforce. It also generated about $25 billion in sales — a tenth of Berkshire's revenue — and posted a $900 million net loss. Musk's company also had only $6.6 billion in net assets last year, less than 1/60th of Berkshire's $425 billion. + +update: tesla market cap 544 B vs brk-b 547 B now. + +Thanks for the awards. +I missed on the crowdsale but I've known about Vitalik since "Rise and Rise of Bitcoin" + +I knew this person was something special and I trusted whatever teammates he settled on. I got in back in sometime back Q4 2015. For reference I'm not a whale. Just a believer and fanboy. I like all the different people and styles of folks here in /r/ethtrader. I don't consider myself technical enough for /r/ethereum but I try to read and understand what I can. + +--------------------------------- + + + +My friends and I in Ethtrader back at $6-$7 were sitting in canoes rowing through the blood in here....Man it was truly sad around here too....no lie. Tone in a post told the story. I was the only one laughing at my stupid jokes. (not much has changed in that regard) + +------------------------------------- + +What a scene in here...Cats were wailing on the rooftops and the trolls were shooting down any crows they could see pickin' at the carcasses of despondent traders. Barry Shill was Shilling and all the maxi-pad-alists were coming in from the woods to prey on the weary. Chris DeRose even trolled my YouTube channel. Me? LOL....I'm no whale...but I remained calm and nice and wished him all the luck in Bitcoin. I don't hate Bitcoin...but I just couldn't understand how people could be so cruel to this fantastic development team. + +------------------------------------------ + + + Everyone including me had a 1000 Finney stare. + +------------------------------------------- + + +I'm pretty resilient to despair though and I've found that humor is pretty good medicine. I have to thank my dad for that. My dad has a great sense of humor. I got my sense of humor from him and the hair on my back from my mom. + +------------------------- + + +We buckled up and watched the progress. Soft Forks, Hard Forks, Sporks, whatever Github releases big and small, we read it all. We knew. + +-------------------------------- + + +We knew the price is only part of why we're here and remembered there's a team of people whose main role is rockin' the code. Just remember this team is full of badasses. They did bitcoin stuff and got tired of bitcoin stuff and decided to do something about it. They keep chuggin' and churning out at an alarming rate. All of us that stuck through this and bought down from ATH and were sitting in that canoe were listening to the team. And now there is a real network effect of development taking place. Betamax and VHS. Take your pick. + +--------------------------------------- + + +Now the price is up and the sub is going through the next phase and all you newcomers PLEASE understand this sub is loosely moderated and relaxed for the most part. There are some very knowledgeable plain spoken people. HOWEVER there are bad days too. The best part is that a bad day in here is better than every other bitcoin sub I've ever scene. Then again...I'm curious what a $100 ETH is going to bring out in people. Greed is Greed. We've been a pretty happy bunch for the most part. Euphoria is returning and it's healthy. But just know we WILL have another round of FUD come rain in on a correction. 10,500+ traders is surreal growth. We've grown so fast...**SO** fast. + +---------------------------------------- + + +Please consider others in here as if you are talking to them in person and rarely use that downvote button as a means to disagree. It's just the right way to be. There are an incredible range of ages in here. + +---------------------------------------- + +Thanks to Bitcoin and the early supporters for giving the Ethereum team the funding and good luck on the ETF. The world is benefiting and the boats are rising. EthETF is just around the corner if Mama B gets her way. + + + +Cheers and Hugs from KC. +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/EKU2tVBp9u). +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/EKU2tVBp9u). +The dev team from ROOTKIT $ROOT on ETH, led by ProfessorKronos, found a way to utilize the locked liquidity from underneath a price floor to benefit holders. Liquidity is injected to buy back again and again, and recycle value. + +This token is designed for buy and hold, so there is a tax on sales and basically no tax on buyers. It can be bought on PancakeSwap V2, with 0.5%-1% slippage to buy. Sell slippage resets to 16% when a buyback occurs to prevent dumping, then gradually falls to around 7% over the course of 5 days. + +These tokenomics mean that the token is designed to ALWAYS GO UP with a very stable price. You can look at the chart and see that there has not been the typical huge pump and crash seen in many BSC tokens. Strategic buybacks are used to kill dips, increase upward momentum, and create a price floor that is always rising. + +The most exciting part is that the dev team has a plan to construct an entire upToken ecosystem, with ROOT as the governance token and upBNB as the hub token of future BSC upTokens. + +Initial liquidity was raised though a Market Generation Event MGE. The fairest way possible to launch a token. Designed to protect against whales and bots. If a token doesn't launch through an MGE, then they're missing a trick. + +Huge crypto influencers are already in on it, including: + +Pentoshi - [https://twitter.com/Pentosh1/status/1387112573116502020](https://twitter.com/Pentosh1/status/1387112573116502020) + +CryptoGodJon - [https://twitter.com/CryptoGodJohn/status/1387233042582757382](https://twitter.com/CryptoGodJohn/status/1387233042582757382) + +ImNotTheWolf - [https://twitter.com/ImNotTheWolf/status/1387247565926662153](https://twitter.com/ImNotTheWolf/status/1387247565926662153) + +ROOT did a 25x. upBNB is a more efficient version with 10x the amount of holders (4500+). Now is the time to buy as the dev team prepare for the next round of mega buybacks. The vault is loaded with BNB to be spent..... Don't miss out! + +👉 Contract: 0x1759254EB142bcF0175347D5A0f3c19235538a9A + +👉 Buy here: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1759254eb142bcf0175347d5a0f3c19235538a9a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1759254eb142bcf0175347d5a0f3c19235538a9a) + +👉 Chart: [https://dex.guru/token/0x1759254eb142bcf0175347d5a0f3c19235538a9a-bsc](https://dex.guru/token/0x1759254eb142bcf0175347d5a0f3c19235538a9a-bsc) + +👉 CoinGecko: [https://www.coingecko.com/en/coins/upbnb](https://www.coingecko.com/en/coins/upbnb) (though is being corrected) + +👉 Telegram: [https://t.me/rootkitfinance](https://t.me/rootkitfinance) + +👉 Medium: [https://rootkitfinance.medium.com](https://rootkitfinance.medium.com/) + +👉 Twitter: [https://twitter.com/rootkitfinance](https://twitter.com/rootkitfinance) + +👉 Team site: [https://rootkit.finance](https://rootkit.finance/) + +👉 Discord server: [https://discord.com/invite/CcAjXXdwxZ](https://discord.com/invite/CcAjXXdwxZ) + +👉 More info on revolutionary tokenomics: + +[https://rootkit.trydiscourse.com/t/the-apes-guide-to-rootkit-finance/13](https://rootkit.trydiscourse.com/t/the-apes-guide-to-rootkit-finance/13) + +[https://rootkitfinance.medium.com/introducing-upbnb-137412cae72](https://rootkitfinance.medium.com/introducing-upbnb-137412cae72) + +[https://rootkitfinance.medium.com/the-power-of-a-price-floor-86fa74b59bd1](https://rootkitfinance.medium.com/the-power-of-a-price-floor-86fa74b59bd1) + +[https://rootkitfinance.medium.com/developing-the-uponly-ecosystem-4a538f121b8c](https://rootkitfinance.medium.com/developing-the-uponly-ecosystem-4a538f121b8c) +Towards the end of the session, the iPhone maker's stock pared losses slightly, and the two tech giants are now tied for the crown with a market value of $494B each. This year, Apple shares have cratered by 14%, more than double the loss for Alphabet stock. +**TLDR: Wu-Tang fractionalized NFT dividend suggested by and not hampered in any way by the new ABL agreement.** + +Browsing through the 8-k this morning, after the ABL announcement, I was looking for one thing...restrictive covenants that would affect GS's ability to issue a dividend. While I'm not a legal or financial professional, some parts stood out to me right away as BULLISH AF. + +First, let's find the definition that covers dividends...ah, there it is: + +>“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any Equity Interest of Holdings or any of its Restricted Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such Equity Interest, or on account of any return of capital to Holdings’ or such Restricted Subsidiaries’ stockholders, partners or members (or the equivalent Persons thereof) other than (i) the payment of compensation in the ordinary course of business to holders of any such Equity Interests who are employees or service providers of Holdings or any Restricted Subsidiary solely in their capacity as employees or service providers and (ii) other than payments of intercompany indebtedness permitted under this Agreement, unless such payments are made in the form of dividends or other distributions that would otherwise be classified as Restricted Payments hereunder. + +&#x200B; + +Time to find the nasty parts of the ABL agreement... + +&#x200B; + +>**ARTICLE IX** +> +>**NEGATIVE COVENANTS** +> +>Until the Termination Date, each Loan Party shall not, nor shall any Loan Party permit any Restricted Subsidiary to: + +Now, let's find the section with the juicy details about **Restricted Payments**... + +Just real quick, a glance into that section has another definition we'll need as we move along: + +>“Equity Interests” means, with respect to any Person, all of the shares, interests, rights, participations or other equivalents (however designated) of capital stock of (or other ownership or profit interests or units in) such Person and all of the warrants, options or other rights for the purchase, acquisition or exchange from such Person of any of the foregoing (including through convertible securities). + +That's us...we have Equity Interest, cool. + +The way this section is read is in the context of the Article IX statement above. So until the ABL terminates, GS can't make Restricted Payments EXCEPT the items below... + +&#x200B; + +>SECTION 9.6    Restricted Payments. Declare or make any Restricted Payment, except: +> +>(a)    each Restricted Subsidiary may declare and make Restricted Payments to Holdings and to its other Restricted Subsidiaries (and, in the case of a Restricted Payment by a non-wholly-owned Restricted Subsidiary, to Holdings and any of its other Restricted Subsidiaries and to each other owner of Equity Interests of such Restricted Subsidiary based on their relative ownership interests of the relevant class of Equity Interests); + +Seems that GS can make restricted payments to shareholders. + +&#x200B; + +>(b)    Holdings and each of its Restricted Subsidiaries may declare and make dividend payments or other distributions payable solely in the Equity Interests (other than Disqualified Equity Interests not otherwise permitted by Section 9.3) of such Person; + +Seems that shareholders will get their fair share. + +Omitting (c)-(g) because they not what I'm looking for... + +>... +> +>(h)    Holdings may pay cash in lieu of fractional Equity Interests in connection with any dividend, split or combination thereof or any Permitted Acquisition; + +Fractional share dividends may be paid in cash...wonder why we'd need that distinction? + +Omitting (i)-(k) because they not what I'm looking for... + +>... +> +>(l)    so long as no Event of Default exists or would result therefrom, the distribution, by dividend or otherwise, of the Equity Interests of, or debt owed to Holdings or a Restricted Subsidiary by, Unrestricted Subsidiaries (other than the Equity Interests of any Unrestricted Subsidiary, (i) the primary assets of which are cash and/or Cash Equivalents and/or (ii) the assets of which include any Material Intellectual Property, in each case, which were contributed to such Unrestricted Subsidiary by Holdings and/or any Restricted Subsidiary); and +> +>... + +Omitting (m)-(n) because they not what I'm looking for... + +**BUT, this (l) looks REALLY JUICY...** + +"the distribution, by dividend or otherwise ... (ii) the assets of which include any Material Intellectual Property, in each case, which were contributed to such Unrestricted Subsidiary by Holdings and/or any Restricted Subsidiary);" + +Does this mean a subsidiary, restricted or otherwise that contributed Material Intellectual Property? + +Isn't there a certain album that would be considered Material Intellectual Property? + +I'm very interested in other folks thoughts on the 8-k. I was really only concerned with the dividend, as loan facilities typically impact dividends quite a bit. From what I see, this loan doesn't hamper the ability to offer a dividend and includes some interesting specifics on the type of dividend that would be possible under this agreement. + +Not legal advice, not financial advice, just smooth brain speculation... +I finally paid off the last maxed out card debt I had been carrying from my dumber, less financially responsible years yesterday. The only card we have now is a Sapphire Reserve we pay in full every month. + +It ain't FI/RE, but it's a helluva lot closer to financial independence than I used to be. This is a milestone I didn't think I'd reach for years. Thanks for the support and guidance, y'all. + +EDIT: This blew up quite a bit. Thanks for all the kind words and encouragement, everyone! To those asking how, it's really as simple as the sidebar makes it. I set a **realistic** budget (in that I didn't plan to be 100% perfect all the time, I worked in various "release valves" that allowed me to fail occasionally without falling off the horse) and I really, no kidding kept to it. It also should be said that a much better paying job went a looooong way, too. + +I only say that to take the guilt off some folks. Sometimes, it really is just because you don't have enough money. You can cut out everything until there's nothing left to cut out, and you can still not be making enough money. So don't beat yourselves up as much as I have in the past. + +Then after that — sticking to a budget, decreasing your spending floor, and increasing your income ceiling — it's just a matter of time. That's the hardest part, sticking to the plan. But if you do, it works. + Brand perception was also higher in the couponed group. Meanwhile, analysts at Credit Suisse found that Google searches for food-safety issues related to Chipotle have dropped sharply since the beginning of the year. +There's a lot of snake oil men out there right now hammering out YouTube adverts on how you can make millions from their one training course. + +I'm guessing they're doing this now because ads are cheap right now. + +Remember that there's no quick rich schemes and you definitely don't need to pay £1000 an hour to line their pockets from a webinar. + +I prefer to not name any names because it will just give them free advertising. +We just had our final child, that makes a family of 5. We couldn't afford for me to stay home anymore so I needed to get a job. Now that I have said job, we lose Healthcare, Foodshare and don't qualify for Childcare Assistance. The worker said "congratulations on finding employment".. +We make $50 too much per month (my income, his income and his VA Disability). +That $50 that puts us at a livable wage in their books, but won't cover the Healthcare premium, Food to eat or care while we work. And that doesn't even weigh in Rent or Utilities. + +I have no idea how to feed my children.. I can get by without 3 meals a day, but they're 6 years, 1 year and 3 months old. Food pantries are great short-term but.. I don't know what to do. I make too much for help, but too little to live.. +"I think I worked one year too long." + +&#x200B; + +My father worked hard his whole life to try to give the best life for his family. While we were certainly never rich, he felt it was important to give his kids every chance at success in life, including paying for all four kids to go through college. That financial burden, along with a career that was far from stellar, forced him to work through his mid-seventies. + +&#x200B; + +Working long hours in a thankless job and battling cancer along the way took a toll on him, both physically and mentally. He understood money, and knew he had to work until he had a certain amount of savings. Unfortunately, he didn't get to his "number" before his health declined. He has been retired for almost 10 years, but got to the point where he can't enjoy the fruits of his labor. His health continues to decline and most of his time is spent in his house. + +&#x200B; + +The thought of working so long and hard that I can't enjoy my later years has haunted me. Since he uttered those words, I have been focused on maximizing my savings and have put together a financial model where I know I've worked long enough to be financially secure...but not too long. This focus has put me very close to my FI number. Thanks dad...you gave me the kick in the butt I needed to set an important goal and achieve it. + +&#x200B; + +"One year too long" is just as scary as "one year too little." +Hi all, I plan on doing a weekly topic to discuss different topics relating to algotrading. Every Friday I will post a different topic and hopefully that will not only provide good discussion, but also weed out a lot of low-effort posts. The topics will range from trading theory, different philosophies, technical indicators, money management, computer hardware, and anything else that relates to algotrading. + +I will normally link the previous chapter here + +For today's topic, we will be diving in to everything that is volume! Volume indicators can be helpful in determining momentum and help in predicting trend continuation or trend reversals. Some common volume indicators include: + +1) On-balance volume (OBV) https://www.investopedia.com/terms/o/onbalancevolume.asp + +2) Volume oscillator https://www.investopedia.com/articles/technical/02/082702.asp + +3) Volume Weighted Average Price (VWAP) https://www.investopedia.com/terms/v/vwap.asp + + +If you have a different favorite indicator, please let me know and I will update the list. + +Here are some questions to get us started: + +- Whats your favorite indicator, and why? + +- How helpful are volume indicators for your trading style? + +- How do you adjust the indicators input/output to fit your trading needs? + + +I'm hoping this will be something that will generate a lot of discussion and help traders in their algotrading walk. Feel free to suggest topics below, and I will pick amongst the most upvotes/requested ones. + +As always, happy trading! +What is the best spot for your money if you want to maximize your gains but with not a lot of monitoring of finances. Should I put it in a wealth simple account or use trade to buy an ETF (VGRO) and just leave it. Are the MER fees more with wealth simple because it uses more than one ETF? + +It is long term money (10+ years) +Disclaimer: "maybe we are all living in a simulation." -FCM + +I wasn't going to post this but then I noticed something come up today and thought to myself well shit, maybe it would have been less tinfoil-ish had I posted this the other day. So yeah, if you don't like speculation combined with possible DD then just skip this. + +The post I am referring to is about the SAW game that just released on nft.gamestop.com + +To give you some context, last week I started digging into BuyBuyBuyYes (still cant say cause auto-censorship), in which I made a comment then someone screenshotted it, and it found its way to the frontpage of the internet. Later in that same thread, I made this comment: [https://www.reddit.com/r/Superstonk/comments/y5c3ax/comment/isktiuo/](https://www.reddit.com/r/Superstonk/comments/y5c3ax/comment/isktiuo/) + +If you noticed, someone awarded me 10x platinum which to me sounded like: "yo, diamond fingers this lead and hodl." + +The day after my comment, RC tweets a photo of him and Icahn. Okay, maybe just dumb money luck or so I thought. + +Well, I kept digging cuz diamond fingers. + +Shortly after, Gamestop NFT releases a collector's pin and in it secrets.txt is discovered, but if you look back at the other Easter egg and hidden file (yes, there was another) then you'll find there were clues about BuyBuyBuyYes already in there, as posted by u/Real_Eyezz: + +&#x200B; + +[Oh look clues from 11 months ago, when did that sub get started? Jan 2021. Makes sense cause they began segregation & censorship around discussion of BuyBuyBuyYes ](https://preview.redd.it/cyf1ddmudwv91.jpg?width=1118&format=pjpg&auto=webp&s=0c4f4e2d888f0aa594559bc456c845e675ec6e34) + +Alright now that you have some background info, I am going to layout what I believe has been a series of Cohencidences and is building up a crescendo that will undoubtedly unfold in epic *fashion and fireworks.* + +Let's start from the beginning. + +# The Activist Investors + +Do you remember the sneeze of Jan 2021? Yeah, it was 84 years ago for some. Here let me just draw your attention to this by NBA Dallas Maverick owner and Shark Tank's Mark Cuban who as many know has been in favor of apes (even if he does not publicly declare himself an activist investor). This is what he said over a year ago, u/mcuban: + +&#x200B; + +[Mark Cuban was very vocal and active in the community early 2021 \(u lurking bro?\)](https://preview.redd.it/p9hm7vixhwv91.jpg?width=804&format=pjpg&auto=webp&s=53a3685e562a1d2de875e0cc8317f0be0c1335ff) + +DO THE WORK. + +POWER IN NUMBERS. + +Where have I heard that before? Probably cohencidence. + +Fact is, Mark Cuban was one of the first to come on here and help make sense of the fiasco that happened in 2021 when nobody else gave two shits about retail traders and how we all got rug pulled when they illegally removed the buy button which still to my knowledge today: NOBODY HAS GONE TO PRISON. + +Moving forward, what's the connection? You'll see. + +# Enter the O.G. Ape aka MSM-dubbed "Corporate Raider" + +Carl Icahn was recently tweeted in a [photo side-by-side with Ryan Cohen](https://twitter.com/ryancohen/status/1582212373985005569?s=20&t=6lhaaDczxYR8PLSEA3letQ) and this leads me to believe that they started working together or has been, although I like to think the later. But before I jump ahead, I want to share with you some background info about Carl Icahn: + +* Dubbed corporate raider by corporate mainstream media, but really is an activist investor since mid 1970s and known for creating the "Icahn Lift," where stock value rises when he moves-in on a company usually by proxy fighting board members to clean house +* Since 1992, funded the construction of Icahn House, a 65-unit complex for homeless families in the Bronx, New York called [Children's Rescue Fund](https://childrensrescuefund.org/about-us/) +* Inspired by his daughter that works at Humane Society, he wrote a passionate letter to the board of McDonald's about making changes on who they do business with regarding how they handle the treatment of pregnant sows (female pigs) - [recall that RC tweet](https://twitter.com/ryancohen/status/1509455614082273286?s=20&t=yg5ORpST9GbikuxeI6ub3w): "Children and animals must be protected at all costs" +* Icahn has a track record of success and here's what he said in a [letter to shareholders of his company](https://carlicahn.com/statement-to-shareholders-of-mcdonalds-and-kroger/) on June 6, 2022: + +"My activist engagements have generally produced exceptional results. To elaborate, our activist activities have created close to **$1 Trillion in value for all shareholders** in the aggregate who’ve held or purchased stock when we did and sold stock when we did. **I believe our record unquestionably proves that holding CEOs and boards accountable to shareholders manifests great results.**" + +This man fucks wallstreet, diamond nuts achievement unlocked. + +And $1 TRILLION dollars produced for shareholders? Diamond hands, OG ape right here. + +I cahn see why Ryan Cohen likes this guy, I like him too. + +Okay, now to explore a side-quest. + +# The Mondelez Spin-Off + +I will summarize this section and come back to it later as it relates to that other company RC recently bought in and still has his hand-picked board members and executive team operating. + +What is Mondelez? A snack company that did a [spin-off](https://www.investopedia.com/terms/s/spinoff.asp), where a company sells off a subsidiary company, is a tax-free write off to parent company, and awards free shares to shareholders of parent company. The deal involved Kraft Heinz, parent company, which spun off Mondelez to focus on the *International market* (credit u/Real_Eyezz) but more importantly the deal involved Yang Xu, global treasurer and an executive committee at Kraft Heinz, and also on the **board of Gamestop since June 2021** (credit [u/iamhighnlow](https://www.reddit.com/u/iamhighnlow/)). + +Talking about spin-offs, kinda reminds me of that [letter RC sent to a certain board](https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/ex991to13d13351002_03072022.htm) suggesting to spin-off and sell its subsidiary BuyBuyBABY company. + +I wonder where he got that idea? We'll find out soon. + +&#x200B; + +[Mondelez spin-off and Yang Xu, Gamestop board member](https://preview.redd.it/u7zeo3ak8xv91.jpg?width=1784&format=pjpg&auto=webp&s=25844d8a45a76444c17016aa577dc61aec8d9dd0) + +Now back to the main storyline. + +# Activist Investors That Go Way Back + +In 2008, Carl Icahn and Mark Cuban joined forces to proxy battle and remove board members from Yahoo! Inc as detailed [here](https://www.cnet.com/culture/icahn-loads-yahoo-proxy-slate-with-mark-cuban-other-biggies/). Icahn wanted to clean house and remove all 10 board members but was only able to replace a few, needless to say, he made significant changes. + +(Cleaning house? Reminds me of original Gamestop board and BuyBuyBuyYes board activist takeover) + +Again, in 2010, Cuban and Icahn began a [hostile takeover of Lionsgate film studios](https://deadline.com/2010/06/marc-cuban-threatening-to-back-icahn-in-hostile-lionsgate-takeover-46224/) (the company that just released **SAW game** on Gamestop NFT marketplace). Things got heated during negotiations and Mark Cuban unsatisfied with how things were going agreed to **Tender offer,** or sell his 5.3% stake of shares to Icahn already with 19% stake and with additional shareholders, eventually bringing it to 33.2% outstanding shares. What's interesting about the Tendie offer, is that it was presented by **Perella Weinberg Partners** (more about them later), a law firm which specializes in Mergers & Acquisitions, according to this [press release by Lionsgate](https://investors.lionsgate.com/news-and-events/press-releases/2010/21-04-2010-232859767) on April 20, 2010. + +Lionsgate was struggling with debt (perhaps someone stepped on shit, ew...) and wanted to merge with MGM studios, a rival company, but Icahn said NO - bad deal and it didn't happen. 3 years later, Icahn exited Lionsgate, broke-even on cost-basis, and perhaps getting involved was a good thing because the studio is still standing and about to get filthy rich partnering with my favorite company. + +And it seems to be working out with one of [Lionsgate's intellectual property](https://investors.lionsgate.com/news-and-events/press-releases/2010/19-04-2010-232900048): KICK-ASS' John Romita is already on [Gamestop NFT marketplace](https://twitter.com/GameStop/status/1569402971724595202) and I'm sure more like him will join soon (or already have). + +Back to Mark Cuban: someone who is [very familiar with blockchain technology](https://www.cnbc.com/2022/01/19/billionaire-mark-cuban-on-why-nfts-led-him-to-be-a-crypto-evangelist.html) and digital assets like NFTs (he's been minting since 2021). He understands what the real value of NFTs (non-fungible tokens) as a digital asset can be and has been running experimental tests by combining NFTs with Dallas Maverick's NBA tickets. He even owns an [NFT company](https://markcubancompanies.com/companies/nft-genius/). + +Moreover, I believe Carl Icahn has come to a similar conclusion. When asked about the crypt0currency space, Icahn admitted he might invest heavily into digital assets. On May 27, 2021, Icahn said the following on Bloomberg about digital assets and meme stonks: + +>"I mean, a big way for us would be, you know, **$1 billion, $1.5 billion**," he said in an interview, adding, "I'm not going to say exactly." +> +>\[...\] +> +>"I don't think Reddit and Robinhood and those guys are necessarily bad, I think they do serve a purpose," he said. +> +>Link - [https://markets.businessinsider.com/currencies/news/carl-icahn-cryptocurrency-investment-1-billion-digital-assets-bitcoin-skeptic-2021-5-1030470155?op=1](https://markets.businessinsider.com/currencies/news/carl-icahn-cryptocurrency-investment-1-billion-digital-assets-bitcoin-skeptic-2021-5-1030470155?op=1) + +Let me get this straight, Carl Icahn knows about Reddit, Robinhood, and the value of digital assets then goes as far as to say he is willing to invest up to $1.5 Billion? + +My MGGA, BULLISH! + +&#x200B; + +[MGGA = Make Gamestop Great Again, or Microsoft, Gamestop, Google, Apple aka the FAANG of Metaverse \/ Web 3.0](https://preview.redd.it/6sekkz8my2w91.png?width=668&format=png&auto=webp&s=319fb8b0915a4be91f7bea17e75576f8c8d83628) + +Let's keep going. + +# Prelude to MOASS + +On October 16, 2016, [Icahn coined the term MOASS](https://www.reddit.com/r/Superstonk/comments/y6wp1g/no_way_you_seriously_telling_me_rc_posts_a_selfie/), 6 years ago, as of 10/17/22. He [squeezed Bill Ackman's shorts for $1 Billion](https://www.reddit.com/r/Superstonk/comments/y6xzd4/carl_icahn_vs_bill_ackman_short_squeeze_the/) by locking up 26% of Herbalife by **direct registering the shares** in his name and not allowing shares to be loaned out (kind of like DRS with Computershare). + +Six years ago last week, "Mother of All Short Squeezes" - MOASS was coined and on that same day RC tweeted a [photo of him and Carl Icahn](https://twitter.com/ryancohen/status/1582212373985005569?s=20&t=6lhaaDczxYR8PLSEA3letQ). + +Every diamond handed ape knows a squeeze is coming (short interest easily over 1,000% even if [FINRA confirmed 226%](https://i.redd.it/1vc7zl4yzgg61.jpg) *minimum*). It will be marvelous and Icahn loves a good squeeze, just Acksomebody. + +Cohencidentally, RC previously tweeted this on the same day as Carl Icahn's birthday - February 16: + +&#x200B; + +[Corporate Raider x Activist Investor](https://preview.redd.it/rfmojzzq0xv91.png?width=613&format=png&auto=webp&s=7b12bdb0b0f44c5121ea9f76ad176da1693f050e) + +# Enter The Whales Backing Gamestop + +For some time, many have wondered why has no whale come to save the day? + +I believe they have already moved in, a long time ago. Perhaps through indirect channels by purchasing $GME with offshores, family offices, etc. or by supporting Gamestop through strategic alliances and partnerships. + +Now, I want to draw your attention to some confirmed whales. + +First, the #3 richest man in the world Bernard Arnault, CEO of LVHM - Moet Hennessey Louis Vuitton, the world’s largest luxury goods company. + +&#x200B; + +[From Investopedia](https://preview.redd.it/uzgcykqkbxv91.png?width=739&format=png&auto=webp&s=e0a9ff4b6c2d59d8cfb6b3186b4b892a7a50915f) + +LVHM is a direct partner with L Catterton. + +L Catterton directly funds Dragonfly, a company that buys ecommerce brands and grows them, which Ryan Cohen is a [member of the board](https://www.reddit.com/r/Superstonk/comments/wuvjpw/cohen_was_added_to_dragonfly_board_on_31422/). + +For those in the back, L Catterton is a well-funded **private equity conglomerate** spanning across multiple continents in North America, South America, Europe, and Asia -- **can you say GMERICA(S)?** + +Here, from the official website: + +>"In January of 2016, Catterton, the leading consumer-focused private equity firm, LVMH, the world leader in high-quality products, and Groupe Arnault, the family holding company of Bernard Arnault, partnered to create L Catterton. The partnership combined Catterton's existing North American and Latin American private equity operations with LVMH and Groupe Arnault's existing European and Asian private equity and real estate operations, resulting in the largest, diversified consumer-dedicated private equity firm in the world." +> +>Link - [https://www.lcatterton.com/lvmh-relationship.html](https://www.lcatterton.com/lvmh-relationship.html) + +Read that last part and let it sink in because to me, that sounds like a conglomerate whale and one that is whale-financed. + +And if that doesn't get your tits jacked, just recall one of Gamestop NFT creators: u/cybercrewnft teaser: [https://www.youtube.com/watch?v=R6B8KuSj1Ik](https://www.youtube.com/watch?v=R6B8KuSj1Ik) + +&#x200B; + +[Inside the METAVERSE with LVHM plus other major brands - oh look, Apple too \(credit u\/HealsOnWheals\)](https://preview.redd.it/w2g0uxksdxv91.jpg?width=758&format=pjpg&auto=webp&s=2e147939c3d2d7f0fb433856f0e7f9cd9328a7a4) + +# GMERICA: The Dream Team + +Now to wrap things up, BuyBuyBuyYes is at the center of this play. (insert always has been meme) + +Let's start with a tweet from the chairman: + +&#x200B; + +https://preview.redd.it/py7546tqixv91.png?width=604&format=png&auto=webp&s=8b6852c9818333d93cce0901ef3f87e9dcdea6c8 + +When asked about the investing style between Warren Buffet and Carl Icahn on **March 22, 2022**, Icahn states: + +>I think we’re to a certain extent in a different business with Warren. I’m an activist,” Icahn said. “I look for a company that’s, in my mind, way undervalued \[...\], and there’s something I can do about it. That’s what I enjoy doing. **That’s why I come to work every day**.” +> +>Link - [https://www.cnbc.com/2022/03/22/carl-icahn-on-how-his-investment-style-differs-from-warren-buffett.html](https://www.cnbc.com/2022/03/22/carl-icahn-on-how-his-investment-style-differs-from-warren-buffett.html) + +&#x200B; + +[Do the work \(Mark Cuban\), Come to work \(Icahn\), Born to work \(RC - March 31, 22\)](https://preview.redd.it/gkx6wwa1jxv91.png?width=625&format=png&auto=webp&s=a690f3ffe0d45abf792c0e6fa88271a24c969c25) + +Wow, work is so sexy. (Cohencidentally, [another RC tweet](https://twitter.com/ryancohen/status/1533719752568446976?s=20&t=RDnm_INiN6uIRzNXT2sdLA)) + +Now, let's tie it all together. + +Starting with Dragonfly, a privately-owned venture capitalist fund that buys ecommerce brands then places its members within the newly acquired company to scale and grow it. What's interesting about Dragonfly is that most of its [team members are ex-Wayfair employees](https://www.dragonflycommerce.com/team/) with deep expertise in home goods and retail furniture. (See where this is going?) + +Next, re-visiting L Catterton (a whale-financed company), they conducted a market survey and discovered a massive emerging market in China after ending its 2 child policy, which creates huge opportunity for maternity and children at tier 1 and tier 2 cities. (credit u/Movingday1 for Catterton study) + +&#x200B; + +[L Catterton study: https:\/\/www.lcatterton.com\/pdf\/2021-LC-Crisis\_or\_Opportunity.pdf](https://preview.redd.it/vpg0zul023w91.png?width=1191&format=png&auto=webp&s=357fecceb3e773a84e542a76c95ccc05601e5495) + +Furthermore, [Patty Wu](https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-appoints-retail-and-brand-veteran-patty-wu-as-general-manager-of-buybuy-baby-301201389.html) was hired to head the baby division at BuyBuyBuyYes and previously she was Chief Commercial Officer for Honest Company, a brand owned by L Catterton. + +Do you see the vested interest of L Catterton for da BABY? + +Do you see the vested interested of the #3 richest man in the world who owns LVHM in partnership with L Catterton? + +Are you starting to see how Dragonfly, the venture capitalist fund that Ryan Cohen is member of the board and has an interest too? + +(Almost there, promise) + +We know for a fact that Gamestop's stock price is being suppressed, and that swaps are involved to prevent this rocket from flying (u/criand [DD on TRS](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) or the [smooth brain edition](https://www.reddit.com/r/Superstonk/comments/pbzy78/ucriands_total_return_swaps_explained_for_smooth/)). + +On November 2, 2021, [BuyBuyBuyYes initiated a stock buyback](https://bedbathandbeyond.gcs-web.com/news-releases/news-release-details/bed-bath-beyond-inc-advances-1-billion-three-year-share) which caused its stock price to soar up to 91% after-hours and for No reason, on Zero news, AND after market-hours which most *retailers do not buy* \- Gamestop's stock price also soared. + +&#x200B; + +[Total Return Swaps: one goes up, then they all go up and vice-versa - kinda of like today](https://preview.redd.it/ov2ivxfv43w91.jpg?width=640&format=pjpg&auto=webp&s=ee2a4cd82aa2c9db87d0a38535fd8d7c43877a03) + +Now that you know the relation of the two stocks, then you probably have figured out what Ryan Cohen is really up to. + +"The last time people were excited to see me" - [picture of baby sonogram, tweeted RC.](https://twitter.com/ryancohen/status/1510818828695052289?s=20&t=BgdkUoEEQy9OW-hJPy3Z3w) + +# GMERICA: "Born to work" + +Let's go back one more time to Mondelez about the spin-off and about RC's letter to a board about a subsidiary BABY spin-off. Then top it off with RC Ventures LLC's placement for [3 new board members](https://www.nasdaq.com/articles/three-new-director-designees-from-rc-ventures-to-join-bed-bath-beyond-board) who specialize in Mergers & Acquisitions. + +Following that, BuyBuyBuyYes retains one of the world's elite law firm specializing in restructuring and M&A, [Kirkland & Ellis](https://thedeepdive.ca/bed-bath-beyond-reportedly-taps-kirkland-ellis-to-solve-the-highly-leveraged-balance-sheet/), to help prepare the accounting books and review the debt notes that has plagued the company and is oddly reminiscent of u/thabat's [cellar boxing DD](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/). + +Aaand fast-forward to today, it sets the stage, beginning with **Perella Weinberg Partners**. + +(Did you forget their involvement? Carl Icahn utilized them to make a TENDIE offer with Lionsgate) + +&#x200B; + +[Restructuring the debt notes to escape bankruptcy and ending the cellar boxing](https://preview.redd.it/f142r861b3w91.jpg?width=1003&format=pjpg&auto=webp&s=513fda6ca1bcd60cebf3ec844492262eae34dc22) + +With the debt notes restructured for BuyBuyBuyYes, it now makes the company attractive for a whale-financed buyer to swoop in, make a tendie offer (subject to shareholder's approval), and take over. I can guess one international conglomerate that might want da BABY plus the kitchen sink. + +How do I know there might be a tendie offer? It's explicitly stated multiple times on [BuyBuyBuyYes' S-4 form](https://bedbathandbeyond.gcs-web.com/node/16506/html#tx372118_11) (ctrl+F tender offer). + +At this point, I'd like for you to blink, think, and take a deep breath. + +You might be wondering if da BABY gets spun-off, where does GMERICA come into play? Great question because I don't know but I have some ideas. + +I mean, *GMERICA is* ***born*** *to work.* + +There are multiple M&A specialists on every side: board members inside that company, members outside that company, and members involved with Gamestop, Dragonfly, and partners. + +If there ever existed a super squad of GMERICAN M&A specialists then I think this would it. + +I believe Gamestop will transform into GMERICA and that Carl Icahn will invest into it for digital assets (possibly up to $1.5 Billion). Although it may not be Gamestop itself, but perhaps Gamestop NFT which if you think about is a crappy name, but GMERICA is a pretty awesome replacement. (perhaps RC thinking about a double spin-off for wombo combo) + +So why do I think this could happen? + +Another clue has appeared with the changing of permanent corporate addresses, which for the first time in its history, just happened: + +&#x200B; + +[BuyBuyBuyYes and Gamestop changed to CT Corporation System](https://preview.redd.it/l0fynfzld3w91.jpg?width=1748&format=pjpg&auto=webp&s=072fcfb2a4e1c63ee52159970fd6668eacc33355) + +What is [CT Corporation System](https://www.wolterskluwer.com/en/solutions/ct-corporation)? It's owned by [Wolters Kluwer](https://www.wolterskluwer.com/en/about-us) which provides registered agent services, has 185-year legacy and used by 70% of Fortune 500 companies. They are under an umbrella that has a multitude of services including assistance with legal compliance in mergers and acquisitions among other things. + +You could say things are getting pretty serious. + +So how will GMERICA debut? + +One guess might involve a [Reverse Morris Trust](https://www.investopedia.com/terms/r/reverse-morris-trust.asp) (RMT). This would involve a spin-off of a "subsidiary" not da BABY, but as I pointed out above. The shareholders of this spin-off, that means those who Directly Registered Shares (DRS) of the parent company ($GME) would receive FREE shares from the spin-off in the newly formed GMERICA company and it would be a tax-free event. + +Here from Investopedia about RMT: + +>The RMT starts with a parent company looking to sell assets to a **third-party company**. The parent company then creates a subsidiary, and that **subsidiary and the third-party company** **merge** **to create an unrelated company.** The unrelated company then issues shares to the original parent company's shareholders. If those shareholders control at least **50.1% of the voting right** and economic value in the unrelated company, the RMT is complete. The parent company has effectively transferred the assets, tax-free, to the third-party company. +> +>The key feature to preserve the tax-free status of a RMT is that after its formation ***stockholders of the original parent company own at least 50.1%*** **of the value and** **voting rights** **of the combined or merged firm**. This makes the RMT only attractive for **third-party companies that are about the same size or smaller than the spun-off subsidiary.** + +Okay, so a third-party company like RC Ventures LLC (RCV)? + +With a subsidiary spun-off like Gamestop NFT? + +Then RCV and Gamestop NFT merging to create an unrelated (new tech) company like GMERICA? + +And ownership of original parent company with at least 50.1% of value and voting rights by DRS hodlers? + +Lastly, third-party company like RCV that is same size or smaller than spun-off company? I mean he did sell all his BuyBuyBuyYes shares so no conflict of interest there. + +Kinda sounds like RC Ventures could become GMERICA. + +And then there's that tweet RC posted [about a tombstone](https://twitter.com/ryancohen/status/1398454505314959361), "RYAN COHEN RIP DUMBASS." + +# Conclusion - GMERICA: The GameStop + +Larry Cheng, a board member of Gamestop, once tweeted: + +>It feels like we are headed to two different financial markets - the traditional one where institutional support is the driver and a decentralized one where community support is the driver. When these **two worlds meet in the same asset**, there will be fireworks. +> +>Link - [https://twitter.com/larryvc/status/1463670492800421897](https://twitter.com/larryvc/status/1463670492800421897) + +Then I was reminded of this [Direct Public Offering (DPO)](https://www.reddit.com/r/Superstonk/comments/tszhia/gamestop_is_planning_on_dpoing_gmee_onto/), which is entirely possible with Gamestop's [partnership with FTX](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-forms-partnership-ftx) for tokenized-stocks. + +GMERICA goes public with DPO via FTX? Wow, that would be a lotta assets and fireworks. + +*Digital assets are so hot right now.* + +Anyways, I look forward to how this ultimately plays out and I need to rest, "its brain consuming" is an understatement. + +This is a once in a lifetime opportunity. + +Only a matter of time to see how it all *works*. + +Buy, DRS, HODL. MOASS IS TOMORROW. + +\-Diamond fingers out + +&#x200B; + +Edit: if you like tendies and offers, check out the DD put together by u/BiggySmallzzz and for more NFT clues see the work by u/Real_Eyezz +So, as I'm relatively new to stocks nothing shocking but one day I decided to FOMO into $NIO for around $2k which resulted in a profit of $2k one week after. +Found out about NIO on this sub as it was hard to miss, especially back then. +Meme basket froze at 9:39 + +Bloomberg had crazy asks when this happened.... + +https://preview.redd.it/iko2t0tyfkq81.png?width=681&format=png&auto=webp&s=b26e64237681d5f5b4d7d1518a7b1323a9c6533f + +The theory is... they ran out of shares... the Algo was looking at you cs... + +It appears... some paperhanders had limits at $210k and above... + +We theorize that they actually ran out of shares and the Algo went looking for these - + +When they halted the stonk - they flooded the market with fake shares - (speculation) see video below. + +source: [https://www.reddit.com/r/Superstonk/comments/tr037a/naked\_shorting\_much\_trades\_before\_halt/](https://www.reddit.com/r/Superstonk/comments/tr037a/naked_shorting_much_trades_before_halt/) + +That was a fake share dump to get more GME in to the market - or the Algo would have bought those shares at $220k and MOASS would have started... + +We had issues getting this posted - was put together with some wrinkles i speak with at times. +I just watched an 1 1/2 interview with Mr. Saylor that blew my mind. +One of his Quotes : "Bitcoin is property rights properly understood" +Help me understand this better. +I think this sounds extremely important. +Thx +Got a bonus at work, which happened to give me just enough cash to pay off my credit card ($2,500). + +While it’s not the most sexy thing to use a bonus on, I look at the positives. I no longer have to make a $77 minimum payment each month. I no longer will be charged nearly $50 in interest each month. Not only that, but my largest interest “loan” is paid off, and I can finally start throwing extra money now towards my car and student loans. + +One step at a time! I highly recommend everyone make a budget in Google Sheets. +So I have gotten a few offers for my online education business. The valuation is between 7-8million. The issue with these deals is that they are paying me a lump sum of 4-5 million then the rest paid over 3-5 years. This seems like total shit to me. I would rather just keep the business vs waiting for what is mine years later.... + +Is this standard? + +Can the buyer screw you out of the future payments? +I got manipulated into attending the University of Phoenix when I first moved to the U.S and didn’t know much about colleges here, and they said they would accredit the undergrad degree I already had from my country, so I took the opportunity to pursue two masters with them. Little did I know this university was not credible and I’ve been trying to pay 100k in student loans for the past 8 years. I can’t land jobs that require degrees even with my masters that were supposed to be promising (MBA and MAED) since most people know the truth behind these for-profit schools and do not take them seriously. I am losing 10% of monthly income to loans, and my salary is already low. I recently heard about how UoP was sued for using misleading information to lure people into their school who don’t know better. These loans ruined my credit and my life has been hell trying to pay them off since moving to the U.S. I wanted to know if anyone could offer me any advice on paying this off since I heard they were forgiving people who attended, but I am not exactly sure what to do or how the forgiveness works. I also wanted to know if I could get refunded for the tuition I already paid that was deducted from my tax returns and my monthly income that is being stolen from me. This school targets minorities and people who do not know better, and I fell victim to this trap. I would appreciate any kind of advice (: +**Here are my top 10 in order of personal holdings and briefly why I like them:** + +1. XRB - decentralized, simple transactions that are free, quick and scalable, excellent P2P applications, expert and focused team, eco friendly, impending binance listing, impending fix of node/withdraw issue, price bump from future rebranding to NANO, far from too late to buy in (I bought very early and plan to hold) + +2. BTC - mass name recognition, store of value, robust security, OG crypto, lots of support of devs, hard forks, lightning network, Segwit wallets (Needs to deal with scaling issues) + +3. SUB - getting around censorship/firewalls, lower market cap, privacy, great team, lots of room for growth in market cap, efficient coin transactionally (I bought in early and has been a strong performer for me) + +4. XRP - centralized (personally not a huge fan of centralized coins), major corporate backing, quick, cheap, and scalable transactions (I bought XRP to hedge against the risk that the corporations win out in crypto... I hope they don't honestly, but they are tricky and fickle institutions) + +5. ICX - complex transactions, atomic swaps, low fees, quick and scalable transactions, lots of room for growth in market cap + +6. KCS - passive income through daily dividends (need to have a large amount for this to be worth it), growing exchange successfully adding new coins daily, tons of room for growth in both dividends and market cap increases, on big discount right now + +7. DRGN - family privacy, Disney backing with direct use cases for current/future Disney operations, low market cap, currently found on Kucoin + +8. REQ - making crypto accessible to the masses by making a PayPal style button for crypto, aggressive Q1 objectives, low market cap, quality team, quick low cost transfers + +9. BNB - a solid exchange bound to grow, 50% off fees when using BNB on Binance, grants Binance voting rights, strong community + +10. NEO - quick, cheap transactions, dividends paid as GAS, complex transactions, regulation conscience, Dapps (Full disclosure recently sold my holding of NEO still like it though might even buy back) + + + +**Let me know what you think of my list and share your own or however many you hold :)** + + +**EDIT 1:** Here are a few coins which are far risker and lower market cap. I have put some money into them as a gamble (I understand these could be a scam/flop and so should you! Im currently up quite a bit on ECA and PHO but I got in much earlier) + +PHO: Merge mining, currently trading on c-patex (kinda sketch new exchange), paused on Cryptopia (where I got my PHO; Cryptopia seems to be working on getting PHO back operational), very low market cap, extreme risk/reward + +ECA: Mobile phone mining, eco friendly, found on a bunch of sketchy exchanges including currently down coinsmarkets (where I got my ECA), very low market cap, extreme risk/reward + +XAS: LISK of China, currently on Kucoin (pretty solid exchange imo for low market cap coins), higher market cap then PHO and ECA but still low, decentralized, just bought a small amount in response to this post + +**EDIT 2:** This post caused me to buy a small amount of XLM (less risky), VEN (risky), APPC (risky) and XAS (risky) thanks for the advice all! + +XLM: Efficient currency, IBM partnership, some room for growth, FairX, just reinvested in this coin after selling in the past and bought small amount due to this post + +APPC: Dedicated team, Crypto apps, low market cap, undervalued, on binance, just bought small amount due to this post (Need to do more research on this before recommending) + +VEN: Quality team, deep corporate ties/partnerships, hardware patents, currently on Binance, Chinese connections, Dapps, just bought a small amount in response to this post + +**EDIT 3:** For fun here are some of the most talked about coins in the discussion over the past 21 hours that are not mentioned above just going to list names in no particular order thanks for contributing your time: + +IOTA, TRX, WAX, OMG, LINK, QSP, ARK, EOS +Last Friday was my FIRE day! After years of planning and saving, I wrote the retirement letter and handed it in a few weeks ago. I liked my job and respect my company - but it was still a job. I'm really looking forward to living a different life. The last year as everything came together was mentally challenging having to be disciplined and count down every day from a year, then 9 months, then 6 months but now it is over! + +&#x200B; + +Stats: Mid-50's, Assets $7.0M, Liabilities $800K. + +25% of funds are in retirement accounts, the rest broadly diversified with approximately 75% stock, 25% bonds/debt. About 60% of investment funds are with a robo-investor (0.25% fee) and 40% with my financial advisor (\~1.0% fee). I find the advisor to be very much worth it for security in decision making and for bringing different opportunities other than indexed funds. + +&#x200B; + +Some on this thread have been concerned about boredom or loneliness so - if you want to hear, I'll check in every few months and share how I'm spending my time and how I'm feeling about the new life. +https://www.cnbc.com/2022/04/28/amazon-amzn-q1-2022-earnings.html + +Amazon reported earnings after the bell. Here are the results. + +Loss: Loss per share of $7.56 + +Revenue: $116.44 billion vs. $116.3 billion expected, according to Refinitiv + +It is not immediately clear if the reported earnings per share are comparable to analyst estimates. Analysts were expecting earnings of $8.36 per share, according to Refinitiv. +So, this is why you don't buy puts on $BBBY kiddos. Sorry I bet against you. I wish you all many tendies! + +https://preview.redd.it/q9igsnrhqah91.png?width=962&format=png&auto=webp&s=fd14275fed87fc074d5fb7b8cb0ef6c9ead3a6be + +Update: Positions/Trades because I sold them all +https://imgur.com/a/8xexzME +https://www.cnbc.com/2020/03/10/dow-futures-point-to-a-loss-of-more-than-400-points-after-tuesdays-surge.html + +The Dow Jones Industrial Average traded 850 points lower, or more than 3%. The S&P 500 slid 3% while the Nasdaq Composite dropped 2.7%. + +Those losses put the three averages closer to entering bear-market territory. The Dow was 17.9% below its all-time high set last month while the S&P 500 was 17.5% below its record. The Nasdaq traded 17.4% below an all-time high set on Feb. 19. + +Oil prices fell along with Treasury yields. U.S. crude fell more than 3% to $33.25 per barrel. Meanwhile, the benchmark 10-year note yield traded at 0.7%. + +Now is 1600 point. +* 81% Buyers to 19% Sellers +* 40M+ shares of OTM Puts about to expire at market close on Friday 7/16 (These are likely married to shares that are hiding FTDs) +* Blackrock wants their shares back in their ETFs. +* FTD kick the can game has been exposed. +* A rapid Reddit community of 527K people that buy every dip and every payday. No one is selling. +* A dream team of executives assembled by a 36-year old wizard who already kicked Amazon's butt in pet food. +* GameStop is debt-free and has nearly $2B in cash on hand. +* Console refresh may be slowed by chip shortages, but it is coming. Everyone wants a PS5 or Xbox. +* Taking on a fight with Reddit is insane. Taking on a fight against gamers is insane. Taking on both is a death wish. +* Gamestop's NFT project likely is a game-changer. + +Every short seller is a buyer eventually. Dig a bigger hole SHFs. This ends one way only. + +&#x200B; + +https://preview.redd.it/t1bf5isf5eb71.jpg?width=1000&format=pjpg&auto=webp&s=bf1b40ef7e516cd51e511082fd6cdd679b40dabc +[TRON (TRX) is currently the #14 coin by market cap](https://coinmarketcap.com/currencies/tron/). The coin has seen an insane increase over the past couple months. + +TRON has recently launched its algorithmic stablecoin [USDD](https://coinmarketcap.com/currencies/usdd/). The algorithm governing the stablecoin’s dollar-peg is an arbitrage trade between USDD and TRX, Tron's network’s native token. *Hmm... this reminds me of something but I can't put my finger on it....* + +Now here's this week's best offer! [You can earn up to 57% through sun.io's LP!](https://imgur.com/a/JoFQgSH) What a great deal. + +According to [Defillama](https://defillama.com/peggedassets/stablecoins) USDD is #10 stablecoin by market cap, with a 20% increase over the past week, this figure is up from $90 million recorded during its day of launch on **May 5, 2022**. *Hmm... I have a vouge memory of something that happened in early May 2022...* + +Oh and we haven't even checked the **project's founder, Justin Sun.** + +Let's get started: + +Justin Sun launched TRON's whitepaper during the ICO craze in 2017, days before China's ban on ICO's. He raised $70 million and left the country. Sun had been **tipped off by Changpeng “CZ” Zhao, the founder and CEO of Binance.** Does this also sound familiar....? + +On top of that. [it's been also reported that he copy pasted the project's whitepaper from another coin](https://coincentral.com/community-accuses-tron-plagiarizing-whitepaper/). This only adds to the pile of cards that his so called "algorithmic stablecoin" is a scam waiting to collapse. + +It is no coincidence that Justin also left China, days after the ICO ban was announced. + +On top of all that, it's been reported that: + +* He hosted a ton of fake giveaways in 2019 announcing fake winners and retracting prizes. + +* He announced fake partnerships with big organizations such as Liverpool F.C., who have denied connections. + +* It's been reported that Justin has sold most of his TRON coins after the ICO and bought a large chunk of ETH. Some say he owns more ETH than the projects' Co-Founder Vitalik. + +[You can read more here](https://www.theverge.com/c/22947663/justin-sun-tron-cryptocurrency-poloniex) + +So, what do we make of all these? Justin Sun, the creator of TRX and USDD, not only literally copy pasted everything, he has also been involved in a huge amount of sketchy dealings and scams. + +My hope is that people like Justin and projects like LUNA and TRX are wiped off entirely from the market, for this is the only way to move forward and build something meaningful. + +Edit: [So I guess news sites are now copy pasting our posts?](https://news.coincu.com/94161-tron-trx-with-7-5-billion-market-cap-is-pretty-much-following-lunas-footsteps/) +I've lived in the UK since I was born but I always knew I was going to move, mainly due to the skyrocketing cost of living. I want to be on the property ladder and be able to spread my money around various investments before I'm 21 but that's unfortunately a pipe dream in the UK given the average house price sits at about £280k, this country is quickly turning in to a play ground for rich people and it's economy is either going to crash hard or turn in to a San Francisco-like market in the coming years and if I'm honest I don't want to be here for either outcome. The good thing about the UK is although I'm paid only modestly here there are plenty of countries out there where I can live far more comfortably on my wage, I also work remotely which is why I can explore this option. + +I've been looking at (and visited) Ukraine recently and think it's an ideal option, if the country can shake off Russia for long enough (fingers crossed they do, they have very good chances) I strongly believe they'll have the power to join the EU. It's a country that clearly wants to be capitalist, has all the essentials for first world living and it looks like a good opportunity to get in to a cheap real estate market (\~60k for a comfortable 1/2 bed in Kiev) and have that foothold on housing I'm looking for. + +My question is whether there's any other countries like this I can explore, ones where the housing price sits comfortably under 100k and it's economy looks to expand and become more capitalist without hitting late stage capitalism yet. I have only been to Ukraine as of right now and my other 2 choices are far less researched as of now (Morocco and Kazakhstan). + +Are there any other countries that are worth looking in to for this kind of endeavour? + +Thanks in advance for any suggestions +> It is the great multiplication of the productions of all the different arts, in consequence of the division of labour, which occasions, in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people. Every workman has a great quantity of his own work to dispose of beyond what he himself has occasion for; and every other workman being exactly in the same situation, he is enabled to exchange a great quantity of his own goods for a great quantity, or, what comes to the same thing, for the price of a great quantity of theirs. He supplies them abundantly with what they have occasion for, and they accommodate him as amply with what he has occasion for, and a general plenty diffuses itself through all the different ranks of the society. + +I’d also like to know what he means by +> has/have occasion for + +Thanks in advance +Hey everyone, + +I have been macro bearish for a while now on the S&P500 so saved up some dry powder (kept some cash on the side) . + +Given the recent S&P500 pull-down I’m wanting to buy-in using tranches. I was planning to buy VUSA as this seemed like a well respected etf for US exposure. However due to relative dollar strength and pound weakness VUSA has dropped far less than the S&P500 so feels like less of a compelling purchase at current prices. That’s when I discovered GSPX which is hedged to reflect the performance of the S&P500 & ignore currency fluctuations and just give you the returns in pounds. This fund is trading at a far greater discount so I went ahead and invested my first tranch of three into GSPX. + +My thesis is short term over-performance of the pound vs the dollar as the DXY blow-off top occurs but long term underperformance due to slower economic growth of the UK. Hence I was planning on going all in on GSPX in the next few months then selling for VUSA if the pound appreciates in a few months time. + +Are there any issues with my plan before I go all in? I have heard some quite strong sentiment against hedging but at the current exchange rate it seems like an ok idea to me- to capture the ‘discount’ on the S&P500. + +Thanks all! +First off, I removed any stocks trading under $1. I thought I'd provide a list of stocks trading under $20 that have weekly options because it was something I have been looking for myself, and maybe there's a few of you that are a bit new to this like I am that would be interested. + + +&#x200B; + +https://preview.redd.it/puqy8nd36tr61.png?width=1048&format=png&auto=webp&s=a5a18cb7c51f442220fe95354071cf38e1beb682 +Gyms are slowly opening up in my area (USA), so I thought I would give active and fit direct (AFD) since it is cheaper than many membership fees. + +How it works + +You sign up via a USAA link + +You pay $25/month plus a one time enrollment fee. After the first 2 months, it is a month to month subscription. + +You look up the gyms to see who they are partnered with. They are partners with larger gyms like LA Fitness, Crunch and Planet Fitness as well as smaller local gyms in my area. + +The AFD website will print up a guest pass letter you hand over to the gym. You show your ID, your letter, and your AFD membership card and boom, that's it. The gym then signs you up for their regular basic membership at zero cost to you. + +I signed up for the 3 gyms since 2 of them are near my place and the other one is near my work, so I have freedom on when/where I can work out. + +If you do not want to work out at a gym, they have thousands of online videos for work outs. + +Anybody else used this? How was your experience? + + +**edit** + +You can get Active and Fit Direct through AAA as well. Another user said to contact your health insurance to see if you qualify. +Hi, I was wondering which YouTube Channels are best to watch for daytrading? Someone honest that really gives good advice and doesn’t just want to sell you a course or something. +Elon Musk said his $44 billion bid for Twitter Inc. TWTR -8.18% can’t move forward until the company is clearer about how many of its accounts are fake. + +In a tweet early Tuesday, Mr. Musk said, “yesterday, Twitter’s CEO publicly refused to show proof of <5%.” + +“This deal cannot move forward until he does,” he said. + +He added: “20% fake/spam accounts, while 4 times what Twitter claims, could be *much* higher.” + +He said his offer “was based on Twitter’s SEC filings being accurate.” + +[Source (WSJ)](https://www.wsj.com/articles/elon-musk-says-twitter-bid-cant-move-forward-without-more-clarity-on-fake-accounts-11652775337?mod=hp_lead_pos2) +My situation is complicated but essentially I was pushed into a role that I neither enjoy nor excel in. I was supposed to be moved to a role I thought would be a much better fit but a variety of factors as me to believe I’m actually going to be let go in two hours. Is there anything I can do to try to prevent this or prepare for it? Thank you in advance. +This is probably common knowledge to many, but for people that sell their old vehicles as individuals, CLEAN THEM THOROUGHLY before advertising. A few hours of work can equal hundreds...if not thousands in return. I buy and sell cars and trucks often and I can't tell you how much difference it makes to a potential buyer when they look inside a car that looks and feels clean, like new. + +It blows my mind when I scroll ads how many cars still have trash sitting in them when the owner snapped photos. Wrappers on the floor, cups in the cup holder, clothes on the seats. Not only does cleanliness increase the appeal to someone that drives the car, but it increases your potential buyers. + +I want to add, that this goes for the engine bay as well. I live in the Midwest so prices may vary, but I can get the engine area professionally cleaned for $20. A clean engine makes the car look fresh and appear to have miles and miles of life left in it. + +A small investment of labor can be worth a truckload of cash in the auto retail market. Pun intended. +https://www.bloomberg.com/news/articles/2021-12-01/china-plans-to-ban-loophole-used-by-tech-firms-for-foreign-ipos?sref=K5kiE5Jr + + +So it looks like China is closing the loophole on going public outside using VIEs. + +Going public in Hong Kong would still be allowed. + +Any current companies using VIE will need to adjust their ownership structure and and be more transparent. + +Could a delisting of “sensitive” firms be possible? +DogeBonk is a completely unruggable, spontaneously formed community token with the most potential to go viral of any meme coin since Shiba. + +Since DogeCoin exploded earlier this year there have been thousands of dog coins most of them scams, false promises and poor ripoffs with devs sole purpose being to make as much money from their holders as possible. Every day another team launches their coin trying to piggyback off the success of others, offering false promises of NFT marketplaces, metaverse worlds and whatever else is the newest trending hashtag on Twitter. These coins have forgotten that what makes you a meme coin is how good your memes are. + +&#x200B; + +DogeBonk is different. The DogeBonk community spontaneously formed just two weeks ago on a dead dog token someone found with locked liquidity, renounced contract and SafeMoon tokenomics. We have grown from <300 holders two weeks ago to over 4000 today. We have no false road maps promising the world, we just spread our hilarious meme and convince others to join us as we bonk everything. + +The memes and energy coming from this community is crazy. Just search DogeBonk on the search bar on Twitter and you’ll see what I mean. Once you see the quality of these memes you will see how DogeBonk has huge potential to go viral. DogeBonk is the most memeable project in the crypto space since Doge. + +Despite our lack of false promises, the team and community is still delivering: + +bonkSWAP launched, making it super easy for even non-crypto natives to purchase $dobo from fiat - [www.bonkswap.com](https://www.bonkswap.com) + +&#x200B; + +# Is DogeBonk safe? + +* Liquidity was locked forever by burning all LP tokens 🔥 +* Ownership of the contract was renounced. +* See proof on our website. +* Contract is a 1:1 copy of SafeMoon which was audited by Certik. +* Top holder owns only 1.9% of the supply. +* As microcap gems go, it’s an unruggable beauty. + +# Tokenomics + +* 10% tax on all transactions: +* 5% are distributed to fellow DOBO holders, +* 5% are added to liquidity to create an ever rising price floor. +* \-> token with deflationary properties and automatic yield generation. (Burn wallet is receiving \~1% of all transactions FORTY% burned so far) +* There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯 + +# Info + +Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +Website: [https://dogebonk.com](https://dogebonk.com) 🌐 + +Buy on bonkswap: [www.bonkswap.com](https://www.bonkswap.com) + +Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝 + +Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) 🍰 + +How to buy: [https://dogebonk.com/#howtobuy](https://dogebonk.com/#howtobuy) 📖 +I’m very happy in my current job, in terms of the work, I enjoy my colleagues, the environment is good, they provide great career development opportunities, excellent work life balance, nice pension etc… + +The only thing that isn’t so great is the salary, it’s so big and bureaucratic that getting salary increases is difficult, and the pay bands haven’t been updated in years. + +The end result is that I could probably get another 30k doing the same work in a different org. Currently I’m on 50k, so that would be a decent jump for me. + +But enjoying everything else about the job, especially the work life balance (finish at 4pm on the dot, no weekend working), makes me weary about leaving. Would I find such great terms elsewhere. + +But ultimately, everyone has a price, so I’m curious, how would you make that kind of decision? +I did a dual-major in university, half in economics, 20 years ago. I thought by now I would be able to find an online economics course with functioning economic models. Nope. Am I just looking in the wrong places? I found online courses with static diagrams, but not functioning models. + +Bonus #1: users can change the labels and the data. + +Bonus #2: users can revise the model itself. Do you know of any spreadsheet-based or online models that allow users to not just change variables but to edit the model itself? + +Hessian Matrices, Lagrangian Multipliers, Local and Global Maxima and Minima, Saddle Points, Higher Order Derivatives ---- these are what my dreams are made of! + +(And: indifference curves, aggregate demand, socially-optimal vs privately-optimal output, Edgeworth box...) + +\----------- DO NOT REPLY TO THIS POST - REPLY TO MY COMMENT BELOW ------------ + +(If you reply to this post, I may well never see your reply - AutoMod removes replies unless you're whitelisted. 8 replies to my post disappeared. I want to believe a Moderator will approve the good replies, but 2 days ago I got notifications which showed the beginnings of several replies that looked excellent, and ... I'm waiting. If you reply to a COMMENT, your post will not be automatically deleted.) +I hope this is the right sub to ask this question, since it is multidisciplinary. + +The youtuber caspian report, has [this](https://www.youtube.com/watch?v=60JboffOhaw&t=15s&ab_channel=CaspianReport) video on the rise and decline of science in islam. +to simplify - he puts forward an argument, that the interest in secularism and science, in the islamic golden age, were solely dependent on the money flow and as soon as the europeans came in control of the spice trade, it slowly faded into religious extremism, as is seen today combined with western hegemony. + + +in what ways could this phenomena be described in economics? that the values of a society is dependent on money +my interest in this is to try to narrow in on, the ideas and values a society has and how to perceive them in a wider context. +Were hearing a lot of discussion surrounding free college at US universities with most saying it’s not feasible economically. This certainly appears to be the case. How can other countries, mostly European, sustain this? Is it due to receiving funds through the EU or a strong reliance on international students? +I'm aware that it doesn't literally mean to physically print money. But how does this process work? +For example an statement like - "Government has printed almost 1 trillion dollars worth of money in the last year" +How do I understand this statement? + +Thank you +TLDR: media have been spewing shit about gamestop and what is going on. A quick summary of the saga: + +EDIT2- as this post is blowing up - i am makjing a second one right now. will link here: [https://www.reddit.com/r/Superstonk/comments/ruwh47/ape\_historian\_msm\_ultrafud\_part\_2\_a\_deepdive\_into/](https://www.reddit.com/r/Superstonk/comments/ruwh47/ape_historian_msm_ultrafud_part_2_a_deepdive_into/) + +backedup part1 [https://archive.ph/wip/ayNmO](https://archive.ph/wip/ayNmO) and part 2 to [archive.today](https://archive.today) \- [https://archive.ph/wip/GKOUG](https://archive.ph/wip/GKOUG) + +Part 3 to follow. + +part 3 on [fool.com](https://fool.com) vs DD - how their narrative never changed and how they really want you to to forget about gamestop. Such caring news source - they dont want you to lose all your money. + +[https://www.reddit.com/r/Superstonk/comments/ruybb4/ape\_historian\_msm\_ultrafud\_part\_3\_a\_deepdive\_into/](https://www.reddit.com/r/Superstonk/comments/ruybb4/ape_historian_msm_ultrafud_part_3_a_deepdive_into/) + +&#x200B; + +[timeline summary of the saga. -https:\/\/www.reddit.com\/r\/Superstonk\/comments\/ptte1o\/923\_gme\_timeline\_of\_closing\_price\_vs\_date\_we\/ op here.](https://preview.redd.it/gfn1mtxbab981.png?width=9304&format=png&auto=webp&s=bd0ab7c07cbcc36bdedd40e5f8ac68256012650b) + +&#x200B; + +THIS IS my 10th attempt at posting this- i will not post the links to the sauce - i will post them in comments because automod keeps fucking deleting the post. + +hello all, welcome to 2022 + +Before i Continue: let me just very quickly familiarise you (if you are new) with who i am. + +I am a data nerd. a few years ago i really got into data analysis and data science, and started teaching myself everything i could get my hands on. + +Enter the GME saga - its now 1 year since the stonk started to go up. + +In may I "did a thing" (i cant post here because automod and rules)- but feel free to check it out. + +Over the next few months I also continued to track the data in any way i could. + +This post actually summarises in one post how the news have tried to shape the narrative- maybe this would be useful to share with anyone who still thinks that media are reporting the truth, rather than 4000 news articles - yes, over 4000 news articles about M3me stocks and Gme + +if you are interested, there is a wonderful site called [gmetimeline.com](https://gmetimeline.com/) \-which seems to be good up to november of 2021 (and is also backed up by me). + +[https://gmetimeline.com/](https://gmetimeline.com/) \- you can use this site to cross reference what actually happened durign the sam months as the articles were published. Also - [gmedd.com](https://gmedd.com/) \- not mine, and i am still hunting for the owner - so please let me know in comments if you do have him. + +some issues- i found that i dont have all the data that i need for analysis so i am no enriching from other datasets - i will update this analysis as we go. I will not post all 5K + gme articles. i will simply show you how the narrative has changed in the following way: + +1. gamestop is dead +2. retail is at fault +3. retail sold +4. retail moved on +5. hedgies sold +6. fud fud fud +7. chucumbah! +8. oh now its a conspiracy theory. +9. Ah fuck retail sold again. oh and SHFS sold again. +10. and now into 2022 again we start with FUD. + +if you arent aware of it - please check it out -[https://www.reddit.com/r/Superstonk/comments/n8mizw/here\_is\_a\_complete\_compilation\_documenting\_the/](https://www.reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/) + +[https://www.reddit.com/r/Superstonk/comments/mvmd4t/naked\_shorting\_and\_cede\_and\_co\_a\_repost\_of\_my\_old/](https://www.reddit.com/r/Superstonk/comments/mvmd4t/naked_shorting_and_cede_and_co_a_repost_of_my_old/) + +# Part 1- the squeeze and what the media told us as individual investors + +january: + +[https://www.benzinga.com/analyst-ratings/analyst-color/21/01/19261270/citrons-andrew-left-says-gamestop-is-pretty-much-in-terminal-decline#.YAouuGZ2ew0.reddit](https://www.benzinga.com/analyst-ratings/analyst-color/21/01/19261270/citrons-andrew-left-says-gamestop-is-pretty-much-in-terminal-decline#.YAouuGZ2ew0.reddit) + +&#x200B; + +[news story 1-11 january 2021](https://preview.redd.it/bxzsbvzp5b981.png?width=1262&format=png&auto=webp&s=136120ae06bc1957ff82dff80a7e905ec0309242) + +&#x200B; + +&#x200B; + +&#x200B; + +[gme gets stopped. 27 jan 2021.](https://preview.redd.it/82225mmr5b981.png?width=1116&format=png&auto=webp&s=fee18ed044bd1ba9581f56ef53dc34eeac855cb1) + +short squeeze ended: + +# Part 2 - the fud machine - "we print anything but the truth" + +&#x200B; + +[we all moved to silver though. a few days before - this is 3rd feb 2021.](https://preview.redd.it/c6iz2lxa8b981.png?width=1216&format=png&auto=webp&s=c24640dd2b6695a1cdc3bca54592e034d33e0f1c) + +[february - short sqeze is over](https://preview.redd.it/2khccmst5b981.png?width=1309&format=png&auto=webp&s=28d3357b0b438f0b1c21a7732fe394d8d4d1fc49) + +short squeeze was over in feb 2021 folks! + +&#x200B; + +[gme is a trap in march](https://preview.redd.it/1rn0aryw5b981.png?width=421&format=png&auto=webp&s=5986d96c353d89386adf14e0f47e88f1e32015db) + +&#x200B; + +[but clearly we spin a narrative you can make money shorting it - aka if you have longs you are gonna lose.](https://preview.redd.it/vefty9wy5b981.png?width=851&format=png&auto=webp&s=747429f055f25b2f592ed48619c22b1d6eaca8cf) + +and this guy allegedly printed while shorting gme. Bill Gross? hey? + +lets look at other bill gross articles. + +(not in order fyi) + +&#x200B; + +[bill gross post 1](https://preview.redd.it/ivnkiakb6b981.png?width=794&format=png&auto=webp&s=cd7fcba55990b3877157a31b3e052de9dd77e3d1) + +&#x200B; + +[bill gross post 2.](https://preview.redd.it/4msgzd9h6b981.png?width=1243&format=png&auto=webp&s=bc3d5560934cc3eecbd7c57d7c373284bdf3e592) + +# lets get back to the timeline. speaking of timelines. [gmetimeline.com](https://gmetimeline.com) is a pretty good timeline of what actually happened. + +and so is the image below: + +&#x200B; + +[THE timeline of what actually happened - credit to https:\/\/www.reddit.com\/r\/Superstonk\/comments\/ptte1o\/923\_gme\_timeline\_of\_closing\_price\_vs\_date\_we\/ ](https://preview.redd.it/k6ghtm3t6b981.png?width=9304&format=png&auto=webp&s=f5d3cfd6aca45239eccb947634889b2852944864) + +&#x200B; + +in april - the frenzy was over again. AGAIN. + +&#x200B; + +[frenzy was over again in april 2021. when it was trading at what? 100? 150?](https://preview.redd.it/gv82o1317b981.png?width=665&format=png&auto=webp&s=225abf56490a14538644b54fa66dc9073860c97c) + +and then they started recommending other stocks: + +[sauce in comments because automod bans it.](https://preview.redd.it/eax5cip57b981.png?width=1331&format=png&auto=webp&s=5f3a50de741cebf1a7fd190e47b1b8d636510fef) + +# but wait this doesnt make sense right? if melvin really covered, and all dd is wrong. then that means that retail sold all and moved to silver (remember that)? + +&#x200B; + +[so apparently 200$ is nothign to get excited about. -april19th.](https://preview.redd.it/z7zbkk3e7b981.png?width=1206&format=png&auto=webp&s=ea7515edaf8169302bf44aa9b6e08573aad39bba) + +april 19 2021. + +may came and the narrative changed- STICKY FLOOR IS BETTER OR ANYTHING IS BETTER THAN ONE FUCKING STOCK. why are they this interested in this one dying stock? + +&#x200B; + +[then the narrative changes - all is better except gamestop- again. again. yet retail sold it all anyway and so did hedge funds, right? may 27th 2021](https://preview.redd.it/enums1ph7b981.png?width=1094&format=png&auto=webp&s=ec9a5ba1b7bf0eb089c8a3cf92a552d373878eeb) + +&#x200B; + +I wont post anymore otherwise this will be one long fucking post. but then something happened. THE DD uncovered something. it was first [/u/atobitt](https://www.reddit.com/u/atobitt/) and others (hope you are doing fine buddy). + +this was posted between april -may time in 2021: + +[https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/](https://smithonstocks.com/part-1-in-a-series-of-reports-on-blatant-widespread-stock-manipulation-that-is-enabled-by-illegal-naked-shorting/) + +[https://smithonstocks.com/part-2-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-conventional-wisdom-on-how-illegal-short-sales-are-executed/](https://smithonstocks.com/part-2-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-conventional-wisdom-on-how-illegal-short-sales-are-executed/) + +[https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/](https://smithonstocks.com/part-3-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-prime-brokers-and-the-dtcc-have-a-troubling-monopoly-on-clearing-and-settling-stock-trades/) + +[https://smithonstocks.com/part-4-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-who-are-the-key-players/](https://smithonstocks.com/part-4-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-who-are-the-key-players/) + +[https://smithonstocks.com/part-5-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-traditional-shorting-compared-to-naked-shorting-both-legal-and-illegal/](https://smithonstocks.com/part-5-in-series-on-illegal-naked-shortings-role-in-stock-manipulation-traditional-shorting-compared-to-naked-shorting-both-legal-and-illegal/) + +[https://smithonstocks.com/part-6-illegal-naked-shorting-the-secs-regulation-sho-is-intended-to-prevent-illegal-naked-shorting-but-is-ineffective/](https://smithonstocks.com/part-6-illegal-naked-shorting-the-secs-regulation-sho-is-intended-to-prevent-illegal-naked-shorting-but-is-ineffective/) + +[https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) + +[https://smithonstocks.com/part-8-illegal-naked-shorting-series-who-or-what-is-cede-and-what-role-does-cede-play-in-the-trading-of-stocks/](https://smithonstocks.com/part-8-illegal-naked-shorting-series-who-or-what-is-cede-and-what-role-does-cede-play-in-the-trading-of-stocks/) + +[https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-the-risk-reward-of-shorting-versus-buying-stocks-is-extremely-unfavorable/](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-the-risk-reward-of-shorting-versus-buying-stocks-is-extremely-unfavorable/) + +[https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-legal-shorting-of-stocks-is-a-losers-game-but-illegal-naked-shorting-transforms-it-into-a-winners-game/](https://smithonstocks.com/part-10-of-illegal-naked-shorting-series-legal-shorting-of-stocks-is-a-losers-game-but-illegal-naked-shorting-transforms-it-into-a-winners-game/) + +and of course the atobitt DD here and others: I cant find the atobitt CEDE and co post - can someone post it in the comments. + +[https://www.reddit.com/r/Superstonk/comments/qs8lgx/i\_met\_an\_american\_professor\_of\_finance/](https://www.reddit.com/r/Superstonk/comments/qs8lgx/i_met_an_american_professor_of_finance/) + +[https://www.reddit.com/r/Superstonk/comments/mvvspq/cede\_co\_the\_secret\_trilliondollar\_company\_that/](https://www.reddit.com/r/Superstonk/comments/mvvspq/cede_co_the_secret_trilliondollar_company_that/) + +[https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking\_goldman\_sachs\_co\_fail\_to\_reconstruct\_at/](https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking_goldman_sachs_co_fail_to_reconstruct_at/) + +i kinda skipped until october because otherwise we would be here forever. + +# octobrrrrrr!Part 3- "fuck! they found out about CEDE & co and DRS - ok - we change the narrative. + +&#x200B; + +[the drs narrative changes. this was october.](https://preview.redd.it/diqn0g8t7b981.png?width=796&format=png&auto=webp&s=4d1558269b67b6655f77c1ba45544ca3eec729d7) + +but first + +&#x200B; + +[Chucumba is at it again- sell first, ask questions later - didnt we see this before? oh yeah - scroll up.](https://preview.redd.it/cqoj7dwv7b981.png?width=1455&format=png&auto=webp&s=889b4fe8236680de8065e7a3903b348bf62daba3) + +&#x200B; + +# so in october they changed the narrative again. lets keep track. + +1. gamestop is dead +2. shorts covered +3. hedgies sold +4. retail moved to silver +5. its all fud and fake. there is no more gme upside +6. oh fuck no - drs is a risky bet. how do we convince these "retards" this is wrong- spread fud. + +# lets continue + +I gotta give good vibes to one post: [https://upsidechronicles.com/2021/12/11/gamestop-and-the-great-direct-registration-experiment/](https://upsidechronicles.com/2021/12/11/gamestop-and-the-great-direct-registration-experiment/) + +&#x200B; + +[one of the few posts that actually took the time to research whats going on.](https://preview.redd.it/drlw7nvg8b981.png?width=1315&format=png&auto=webp&s=ab400eed1b10e40809a448e661773dd1efd325cd) + +december 2021- upside chronicles actually wrote a reasonable post. + +but then it got flooded with FUD from msm: + +&#x200B; + +[anti drs fud 1](https://preview.redd.it/wffpp9oj8b981.png?width=1540&format=png&auto=webp&s=075bc8c5975ff6644909c407b8f3d8ea5c9132bf) + +&#x200B; + +[anti drs fud 2](https://preview.redd.it/99d2nssk8b981.png?width=1518&format=png&auto=webp&s=81183ad4e0252081ba6f0d4d73b18f67531c385e) + +# december 2021- look how the narrative tries to portray us as the crazy ones and that brokerages are fine - well maybe for some things they are. but not for stocks and not all fucking brokerages - ie robingdahood. + +&#x200B; + +[but experts warn against DRS right? right?](https://preview.redd.it/gbnmfudq8b981.png?width=1246&format=png&auto=webp&s=d2c04b050151000a5411ba76b3ded699be5edec1) + +and yet again - more fud to spread false info. "STOCK BROKERS WARN AGAINST DIRECT REGISTRATION" - why? why are stock brokers suddenly so fucking interestd where my money is - they make money if i lose money right? + +# Part 4-We are here - the fud has already started and its not even 96 hours after the new year. + +i thoguht there was no fud. + +but i actually found plenty in the last 3 weeks: + +I think this part is getting me deleted so ill post this in the comments: but here is at least one post: + +[https://www.reddit.com/r/Superstonk/comments/ru5zat/1st\_motley\_fool\_article\_for\_2022\_3\_reasons\_to/](https://www.reddit.com/r/Superstonk/comments/ru5zat/1st_motley_fool_article_for_2022_3_reasons_to/) + +and many others -will be in comments + +# May i remind you what DD we had in the last 4 weeks? + +[https://www.reddit.com/r/Superstonk/comments/rssl02/i\_have\_been\_asked\_to\_repost\_my\_dd\_from\_7\_months/](https://www.reddit.com/r/Superstonk/comments/rssl02/i_have_been_asked_to_repost_my_dd_from_7_months/) + +[https://www.reddit.com/r/Superstonk/comments/rs7idl/new\_dd\_dec\_31\_libor\_changes\_to\_sofr\_what\_does/](https://www.reddit.com/r/Superstonk/comments/rs7idl/new_dd_dec_31_libor_changes_to_sofr_what_does/) + +[https://www.reddit.com/r/Superstonk/comments/rs2qso/the\_pandemic\_is\_not\_to\_blame\_for\_the\_extreme/](https://www.reddit.com/r/Superstonk/comments/rs2qso/the_pandemic_is_not_to_blame_for_the_extreme/) + +[https://www.reddit.com/r/Superstonk/comments/rr8dfg/the\_big\_short\_remixed\_a\_summary\_of\_my\_dds\_on\_auto/](https://www.reddit.com/r/Superstonk/comments/rr8dfg/the_big_short_remixed_a_summary_of_my_dds_on_auto/) + +[https://www.reddit.com/r/Superstonk/comments/rqpup4/the\_big\_short\_again\_the\_auto\_loan\_asset\_backed/](https://www.reddit.com/r/Superstonk/comments/rqpup4/the_big_short_again_the_auto_loan_asset_backed/) + +[https://www.reddit.com/r/Superstonk/comments/rqmdyc/lets\_talk\_about\_nfts\_daos\_web3\_and\_the\_metaverse/](https://www.reddit.com/r/Superstonk/comments/rqmdyc/lets_talk_about_nfts_daos_web3_and_the_metaverse/) + +[https://www.reddit.com/r/Superstonk/comments/rqle93/the\_big\_short\_again\_auto\_loans\_bubble\_edition/](https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/) + +I hope this is useful. in part 2 we will be doing a better deepdive. Oh and if you want those posts and links - i will be making them available. + +ape historian, destroyer of free disk space. +“I bought these stocks for a reason because they had great financials and a positive outlook, but now that a couple people in Asia caught a cold I’m going to dump them all for a loss” + +Love the logic. +I’m new to investing and schd hold a little over 10% in my roth ira. Soo my time horizon is 40 years from now. Is schd a good choice for dividends growth over that period of time? +I have a quadrigacx account with 108 BTC (719K USD) and randomly for literally no reason my account has been "suspended". I sent them a ticket 24 hours ago and no response. If I don't have access to my account within 48 hours I will file a lawsuit against Quadriga, it's unbelievable how these people can hold your funds hostage with the click of a button. I am removing all of my money from this scam service as soon as I get it back, (if I do). + +My client ID is : 37207 + +Just so you know, when you have money on Quadriga, the money doesn't belong to you, it belongs to them. + +​Upvotes for visibility greatly appreciated. If they can randomly suspend an account with 700k in it without sending a single email explaining what's going on, and ghosting me for over 24 hours, it really shows what kind of scummy bullshit business they are running. + +​ + +UPDATE : August 23rd , 4:37 AM EST, I still haven't received a single email, post, or message from anyone at Quadriga concerning this. I will keep this post updated as soon as something happens. +Hey everyone, + +I am trying to find potential penny stocks that may blow up because of social media and wrote this code which you guys can also use. + +I made a quick screener that looks at stocks trending on social media data from an external site via their api (all free and open source) and then uses the yahoo finance module to figure out which are small cap. + +I am pasting the code below. Couple of things. Firstly I also added a timeout so you can cut off the process quicker. Its written in a Nodejs environment not Python but if enough people want this in python lmk and ill make it. Also try not to use calls on my api, its free so there is really no excuse not to make one. + +I anyone has more ideas about how to screen out stocks and really find the ones that will go to the moon I appreciate it if you comment or msg me and then I could even add it to the code. + +You can also adjust the finance modules you want to screen with, the params via sentiment's api you want to filter with and so forth. + +Hope you enjoy + +`// first we get all the stocks which are trending by AHI and RHIconst rp = require("request-promise");const yf = require('yahoo-finance');` + +`let filteredPennyStocks =[];let completeSymbolList = [];let sentiment_token ='Be6167d3nK6DJ6NxXROZ';let sentiment_key = '935978334309286';` + +`//making requests to the endpoints to find the trending stocks (apis sourced from` [`sentimentinvestor.com`](https://sentimentinvestor.com)`)` + +`async function getAllHotStocks(param)` + +`{var options = {` + +`uri: \`\[`https://sentimentinvestor.com/api/v3/sort?limit=100&metric=${param}&token=${sentiment_token}&key=${sentiment_key}\\`\`](https://sentimentinvestor.com/api/v3/sort?limit=100&metric=${param}&token=${sentiment_token}&key=${sentiment_key}`)`\`,json: true // Automatically parses the JSON string in the response};\`\`` + +`return rp(options)` + +`.then(function (res) {` + +`res.forEach(el => {completeSymbolList.push(el.ticker)` + +`;` + +`});` + +`})}` + +`//using the yahoo finance module to get market cap of a stockasync function getStockDataYahoo(symbol){` + +`return yf.quote({symbol,modules: ['summaryDetail']},` + +`function (err, quotes) {return quotes;// ...});` + +`}` + +`//aggregating the hot stocks and placing a "limit" parameter to the market capasync function` + +`aggregateAllHotStocks(limit){await getAllHotStocks("AHI");await getAllHotStocks("RHI");` + +`for(var i=0; i<completeSymbolList.length; i++){` + +`await checkMarketCap(completeSymbolList[i],limit)` + +`.then(res=>{` + +`if(res<limit){` + +`filteredPennyStocks.push(completeSymbolList[i]);` + +`}}` + +`)}return filteredPennyStocks;` + +`}` + +`// verifying the market cap is below the market cap limit parameterasync` + +`function checkMarketCap(symbol,limit){` + +`return getStockDataYahoo(symbol).then(res=>{` + +`return res.summaryDetail.marketCap;` + +`}).catch(err=>{return false;})}` + +`//running the final` + +`functionaggregateAllHotStocks(1000000000).then(res=>{console.log(res)});` + +`// running the function with an additional 10 second timeout to retrieve data in case the function takes too long` + +`setTimeout(()=>{console.log(filteredPennyStocks)},10000)` + +ps here are the penny stocks that are showing the most potential after I ran it + +\[ + +'PT', 'MJNA', 'AABB', 'HITIF', + +'ATOM', 'MMEX', 'CBBT', 'SPCB', + +'HMNY', 'UBQU', 'EEENF', 'RWLK', + +'ALT', 'AP', 'CPRX', 'DECN', + +'GPHBF', 'BEST', 'GTLL', 'IQST', + +'EXPR', 'INVU', 'DL', 'TAWNF', + +'NEOS', 'ATOS', 'SING', 'EEENF', + +'ALPP', 'ENG', 'PUGE', 'SNGX', + +'ATWT', 'SNPW', 'TBLT', 'PLPL' + +\] +38/M, 3.5 mil NW (2 Mil Mfunds, 1.25 cash, .25 house) + +I sold 3+ years ago... from a boot-strapped small business. Ran the business for about a decade, the last 3 years as an employee. My earnout, done. Everything else, done. + +What now? I live in a LCOL area, and if we move we would move to another. I'm married with a few littles..... + +It's been about 4 months since my last day.... and I'm still just .... doing nothing. I thought I'd be motivated to fill my days with playing music, doing some vidya, etc. I do get to enjoy this stuff, but now I just go to the gym, drive the kids around, clean up the house, etc. + +The problem is... my grand dreams for life always ended with selling the company & getting paid. Now what? + +I have a very long term very extensive non-compete, but I don't even want to start anything or do anything else in the industry. I kind of want to start over.... but I don't know how or where or even why to start? + +I don't want to retire, but I don't want to go do some 80k/year job just to work. I want to be strategic. + +Anybody else have some aim-lessness after they sold their business? How did you deal with it? Now what? +I am late in life. I am turning 40 in spring and have nothing put away for retirement. Most jobs I've held did not offer any plans and my life circumstances were such that I was not able (some dumb decisions) to save and invest for my future. + +My husband works for the railroad and has 401K and is investing in the market. We have two daughters (16, 11). I would like to open an account for them and start putting some money away so they're in a better position than I am. What account do you recommend I open? 529 or custodial account through Vanguard? I can put away 250 a month in each account. + +* EDITED: I just opened a ROTH IRA account with Vanguard. I am waiting to have by bank confirm so I can complete my first deposit. Then, I'll choose what funds to invest in. I am thinking Vanguard index fund. This is probably the most important thing I have ever done for myself financially. I hope my girls get good grades and get scholarships to offset some of the cost of their education. +* you guys are absolutely right, you can borrow for education, cars, house, but you CANNOT borrow for retirement. What an eye opener! + +Thanks for your help. +I have 31 shares of Tesla with a current return of around $38,400. I put $12,500 into Tesla initially. Do I break even & sell 8 shares and pay off my vehicle and keep 23 shares? +The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while +nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics +reported today. The labor market continued to reflect the impact of the coronavirus +(COVID-19) pandemic and efforts to contain it. In January, notable job gains in +professional and business services and in both public and private education were offset +by losses in leisure and hospitality, in retail trade, in health care, and in +transportation and warehousing. + +More [here](https://www.bls.gov/news.release/empsit.nr0.htm). +I feel like I have been lucky to find a few stocks earlier in the movement but I'm sure I miss several a day. Is there anything you guys do to seek out these stocks before they boom? I'm not looking for specific stocks. + +I was curious if there was a way to see if X stock has hit its average daily volume 10 minutes after the opening bell. + +EDIT: Thank you all for the information you have shared, I feel like I'm not the only ones that has learned something. + +My first award!!! Thank you +Individual stock of a company, not a global ETF and similar investment products. + + +For example, if you own an iPhone, did you buy Apple stocks? If you use a particular bank, such as RBC or TD, did you buy their stock? Perhaps you drink coffee at Starbucks regularly and invested in them? + + +Thank you. +https://www.wsj.com/articles/china-says-growth-is-fine-private-data-show-a-sharper-slowdown-11567960192?mod=mhp + +Beneath China’s stable headline numbers, there is a growing belief that the real picture is much worse + +By Mike Bird and Lucy Craymer +Sept. 8, 2019 12:29 pm ET + +In the second quarter of this year, official Chinese data showed economic growth of 6.2%, close to Beijing’s target and within a percentage point of what it has reported every quarter for the past 4½ years. + +A few months earlier, satellites monitoring Chinese industrial hubs suggested parts of the world’s largest trading economy were contracting. An index of Chinese industrial production created by a multinational manufacturer was pointing to lower growth than official figures. And a web-search index used to gauge how many workers return to their jobs after the Lunar New Year holidays was down sharply from a year earlier. + +Beneath China’s stable headline economic numbers, there is a growing belief among economists, companies and investors around the world that the real picture is worse than the official data. That has analysts and researchers crunching an array of alternative data—from energy consumption to photos taken from space—for a more accurate reading. + +Their conclusion: China’s economy isn’t tanking, but it is almost certainly weaker than advertised. Some economists who have dissected China’s GDP numbers say more accurate figures could be up to 3 percentage points lower, based on their analysis of corporate profits, tax revenue, rail freight, property sales and other measures of activity that they believe are harder for the government to fudge. + +China, whose GDP topped $13 trillion last year, is still growing, and the alternative data points to that. It indicates the deceleration is happening in areas such as manufacturing. In many cases, alternative indicators have previewed the path of official data and show the depth of the challenges Chinese authorities face. + +“Manufacturing is being hit really hard,” said Leland Miller, chief executive officer of China Beige Book, which measures China’s economic strength based on thousands of survey responses from mainland companies. “Investment is down, hiring took a serious hit, a huge hit to new orders.” + +China on Friday released billions of dollars to banks in an effort to revive business sentiment as the U.S.-China trade battle continues. The People’s Bank of China reduced the amount of money commercial banks have to hold in reserve, enabling lenders to finance projects. + +Much of the data “is telling us nothing good about the China economy,” said Eric Pratt, head of global marketing at AVX Corp. , a maker of electronic components based in Fountain Inn, S.C., which has two Chinese factories producing parts for cars and mobile phones. Mr. Pratt said over the past year, as alternative indicators and forecasts pointed to more weakness, his company cut some jobs and slowed production. + +Over the past decade, China’s growth has made up between a quarter and a third of the world’s economic expansion. The country’s size and interconnectedness around the globe now means small changes in output impact the performance of all major economies, including the U.S. and trade-oriented ones such as Germany and Japan. + +Since the escalation of the U.S.-China trade conflict, suspicion that China may be massaging its official data to paint a picture of broad economic health has become a challenge for Washington. U.S. trade negotiators have been seizing on any signs of weakness in their attempt to squeeze more concessions from Beijing. + +As the effects of tit-for-tat tariffs filter into China’s economy, the country’s government has also tightened access to data that has proved reliable in the past, in some cases stopping the release of indicators that paint an unfavorable picture. + +In December, a manufacturing index for the trade-intensive Guangdong province was suspended after trailing national figures for months. The country’s National Bureau of Statistics said the local government that produced the index didn’t have permission to do it. + +China’s official unemployment figures haven't changed much since the trade war began, raising questions about their reliability. + +One challenge for businesses and investors is that China’s economy can’t be easily deciphered using measures such as unemployment and real GDP growth because those numbers don’t change much or are carefully managed. Where China’s central bank sets interest rates also isn’t a good gauge of growth, because most large Chinese banks are state-owned entities whose lending is driven by policy goals rather than profit motives. + +One official measure of China’s unemployment rate has hovered between 3.5% and 4.5% for the last 15 years, a pattern that has led many economists to conclude it is unreliable. About two years ago, China began publishing an unemployment rate for urban areas derived from a labor survey that authorities said was more accurate. It recently showed a higher reading of 5.3%, but has also moved in a fairly tight range. + +Authorities have defended their data. Earlier this year, after China reported stronger-than-expected GDP growth, a spokesman for the National Bureau of Statistics said the state wasn’t ironing out economic fluctuations. In August, another representative of the body said its survey of the country’s labor force was relatively reliable, scientific and accurate. + +Generally speaking China’s data has captured some degree of slowdown, though sometimes later than private measures. But government efforts to keep the economy from cratering, such as infrastructure spending, lending and other stimulus, can obscure areas of weakness or smooth headline growth numbers. As a result, they often don’t capture what companies are seeing on the ground, independent economists say. + +That has left the door open for dozens of proprietary data providers who are competing for a growing field of financial and multinational clients, global central banks and government agencies around the world. They face a challenging task given China’s vast and diverse economy where labor conditions, incomes and business activity levels vary widely between modern cities, manufacturing hubs and swaths of rural areas. + + +Companies that sense the economy isn’t doing so well are adjusting their strategies. American apparel company Brooks Brothers Group Inc. is expanding in China, but after detecting weaker retail sentiment in conversations with mall operators and in customer traffic and tourist numbers, the chain is in some cases setting up shop in smaller spaces instead of larger stores. + +“There has been some softening,” said Andy Lew, president of Brooks Brothers’ international division. + +London-based research firm Capital Economics has its own gauge of Chinese economic growth constructed from measures such as the amount of property floor space under construction, electricity output, freight and passenger traffic, and seaport volumes. “The problem is not a lack of data but more the quality,” said Julian Evans-Pritchard, its Singapore-based senior China economist. + +The firm’s index, called the China Activity Proxy, has shown growth below official figures for the past seven years. It recently indicated an expansion rate of around 5.7% due in part to stronger construction activity. But electricity production—a proxy for heavy industry—has slumped and credit growth remains weak, supporting the idea that parts of the economy aren’t doing well. + + +In July, China reported 4.8% year-over-year growth in industrial output, its slowest pace in 17 years. A large multinational company had seen the signs much earlier. + +Eaton Corp. , a global manufacturer of electrical components and power systems for buildings, industrial facilities, planes and other machinery, has about $2 billion sales in China. Last year, its in-house index showed 2.7% industrial production growth while China’s official reading was above 5% over the course of 2018. The company’s index estimated 2.5% growth for the first half of 2019. + +The index was constructed by a team of in-house economists about a decade ago, when Eaton noticed demand in its markets was weaker than Beijing’s growth numbers, said its former chief economist Jim Meil. The index was built from Chinese data combed from domestic sources that included automotive sales, steel production and construction activity, Mr. Meil said. + + +SpaceKnow tracks about 6,000 industrial locations in China and analyzes data on night-light luminosity and infrared bands—indicators of heat produced by electricity or factories—from about half those sites roughly every two weeks. It produces a proprietary index that has become a leading Chinese PMI indicator used by hedge funds, central banks and policy makers, said CEO Jeremy Fand. + +“You can see factories suddenly go quiet, giant subdivisions, huge construction projects just get halted,” said Mr. Fand. In August, SpaceKnow’s index pointed to a slight expansion, coming close to official figures that analysts said reflected a pickup in production before more U.S. tariffs came into effect. + +Mr. Fand said the company is also working on a project for a U.S. government agency that is trying to analyze the impact of U.S. tariffs on China’s economy and certain industries. + +Last December, U.S. exchange operator Nasdaq Inc. bought an alternative-data business called Quandl Inc. Bill Dague, a data scientist leading alternative research at Quandl, has traveled to China in recent months to hunt for new data sets for clients. + +“Because it is so hard to get data out of China, demand has surpassed supply,” he said, adding that escalating U.S.-China tensions have made domestic data vendors less willing to share information with U.S. companies. + +Quandl’s data includes satellite images of aluminum stockpiles and containers of concentrate sitting outside Chinese smelters and storage facilities before and after the U.S. imposed 10% tariffs on Chinese aluminum in March 2018. + + +Before the duties took effect, geospatial images indicated factories were ramping up aluminum production. By the summer of that year, the stockpiles had run down and the production supplies weren’t replenished at many smelters, indicating slower production and slackening demand weeks before it was reflected in Chinese government data. + +George Mussalli, who oversees research and investments at Boston-based PanAgora Asset Management Inc., said one metric he monitors yearly is a “Spring Festival Index” produced by Chinese web-search giant Baidu Inc. PanAgora is a quantitative investment fund that uses data, mathematical and computer models to develop trading strategies. + +Baidu’s index is compiled from the number of people who use its search engine to find information about travel and transportation options around the weeklong festival, which coincides with Lunar New Year. During that period, millions of workers embark on long commutes from big industrial cities to rural areas in central China to spend the holiday with their families. + + +One index showed a drop in the number of people searching about travel for a weeklong spring festival this year. + +This year’s festival took place in early February, and the index showed a 12% drop in the number of people searching about travel in contrast to the previous year. Mr. Mussalli said the lower reading was a sign of slower economic activity. + +“In years where factories expect less production, some of the workers go home and stay home,” Mr. Mussalli said. + +China’s automotive sector, which makes up about a 10th of GDP, has been in a slump since late 2018. The China Association of Automobile Manufacturers, the organization that puts out official sales numbers and forecasts, had earlier estimated that 2019 sales would be flat year on year. In the first seven months of the year, they fell 12.8%. Despite that, the official forecast is now for a 5.4% full-year decline. + +Analysts at Bank of America Merrill Lynch are less optimistic. They forecast a 3.6% drop in car sales at the start of 2019 and now expect a 12% drop for the year. + +Ming Hsun Lee, a Hong Kong-based autos analyst at the bank, has been using data from a domestic vendor that collects weekly numbers from companies on production levels, sales to dealers and retail car sales. He said he uses it to calculate inventory levels at manufacturers, and considers price discounts, government stimulus and other factors in developing his forecast. + +Mr. Pratt at AVX, the U.S. electronics component maker, said the company has been using the bank’s data to help gauge demand and adjust production. “We don’t use what the government says because they are always really protective of their automotive industry,” he said. +I'm relatively new to algotrading. I have built simple models using various technical indicators like sma, ema, macd, Bollinger bands etc. I also have some experience in machine learning and I'm now trying to build a build a machine learning model using technical indicators. Could anyone please give me some insight on how to go about it and also suggest good references / research papers. +I'm asking for a very close family friend who knows very little about this stuff. Any advice would be really greatly appreciated. + +Bank has given 6 months to pay off the remainder of the mortgage for around 80k. If push came to shove I think they could pay off roughly half. + +I don't think she can get another mortgage at her age and doesn't want to be forced by the bank to sell. self-employed too which might affect the chance of mortgage. bank has refused alternatives. + +The mortgage is in the late husband's name. +I opened myself a Roth IRA. I'm 26 and I have no idea what I'm doing. I plan to put $100 in a month at minimum but what do I do with that money once its there? Invest in stuff I guess right? How though do you pick and decide? I feel very overwhelmed and even though TD Ameritrade has some great learning tools/lessons its all very vague and text book....my brain doesn't function this way and I'm trying to figure it all out but I'm so lost... +I’m 28 years old. I have a house in the Midwest. Not married. According to personal capital, as of today, my net worth is $77k. I also have about $41k saved up which includes liquid cash, 401k, and stocks in my brokerage account. + +I’m not able to save as much right now because I own a house so most of my money goes to mortgage payments. But at least I’m gaining a lot of equity. The houses in my area has gained like almost 9%over the last year + +I make about $63,000 right now but I’d like to be making six figures over the next 2-3 years so I’m learning new skills related to data science and machine learning. +Gone all the memes and fuds as they got burnt..they. Are no longer interested in something swinging so wild. + +Now we the true hodlers are the ones left as always.there could be few newbies who would still hold on..i welcome them to cryptoland.. + +The market rebound reflects a belief that inflation has peaked and rates will go down sometime next year, an outlook Fed officials have tried to dismiss + +https://www.wsj.com/articles/in-high-stakes-inflation-game-wall-street-bets-the-fed-is-bluffing-11660830685?mod=hp_lead_pos10 + +The Federal Reserve says it is going to keep raising interest rates. + +Wall Street thinks it’s bluffing. + +This could spell trouble for both of them. + +Markets pummeled by the Fed’s rate increases in the first half of the year are racing upward. The S&P 500 is up 17% from its mid-June low. The yield on the 10-year U.S. Treasury note, which is used to help set rates on debt such as mortgages and student loans is down more than half a percentage point from its June peak. Even battered cryptocurrencies have jumped. + +For many investors, the rebound reflects a belief that inflation has peaked, and expectation that the Fed will shift from raising rates to lowering them sometime next year. + +A parade of Fed officials has tried to push back. “There’s a disconnect between me and the markets,” Minneapolis Fed President Neel Kashkari said last week. + +An expectation the Fed will start cutting interest rates in the next six to nine months isn’t realistic, Mr. Kashkari said. ***It is more likely the Fed will “raise rates to some point, and then we will sit there until we get convinced that inflation is well on its way back down to 2%,”*** he said. + +If the Fed follows that path, markets are likely to face a painful reckoning—one that could unwind much of the recent rally and extend what has been a tumultuous stretch for investors from retail traders to hedge funds to pension funds. + +“We think the market is getting ahead of itself,” said Wei Li, global chief investment strategist at BlackRock Inc. + +Rallying markets also make the Fed’s job tougher. Rising stock and bond prices have loosened financial conditions since the Fed’s June meeting. That works against the central bank’s aim to slow spending and reign in inflation by raising rates enough to tighten the flow of money in the economy. + +***“You need to keep financial conditions tight. That’s the whole point of this,”*** said Marc Sumerlin, a senior economic adviser to President George W. Bush who is now managing partner at economic consulting firm EvenFlow Macro. + +Any acknowledgment by the Fed that inflation is easing risks spurring further market gains. That could lead to even looser financial conditions, slowing the central bank’s efforts to tame inflation, said Jason Draho, head of asset allocation for the Americas at UBS Global Wealth Management. + +“Now, you’re sort of undoing a lot of the hard work the Fed has been doing this year to slow the economy,” Mr. Draho said. + +**Fed faith** + +To understand how the two sides got so far apart, it helps to look back. + +For decades, investors have put their faith in the “Fed put,” the belief that when markets fall substantially, the Fed will lower interest rates, purchase bonds or otherwise increase liquidity in the financial system. + +The belief dates to the 1980s. Federal Reserve Chairman Alan Greenspan was quick to cut interest rates during such upheavals as the Black Monday crash in 1987, the Russian financial crisis and subsequent meltdown of hedge fund Long Term Capital Management in 1998, as well as the dot-com bust in the early 2000s. By the time Mr. Greenspan left the Fed in 2006, investors had come to expect it would always be there to provide cover. + +For much of this year, the Fed put was in doubt. The central bank raised interest rates in March and signaled it would continue at a brisk pace to attack inflation, which had reached multidecade highs. U.S. stocks suffered their worst first half of a year since 1970. Investment-grade bonds posted their worst first half in history. + +Then came the unexpected. Investors started to believe the Fed would again come to the rescue, despite much evidence to the contrary. + +In June, the Fed voted to raise interest rates by 0.75 percentage point, marking its biggest rate increase since 1994—presumably bad news for the markets. But traders clung to Mr. Powell’s words at the postmeeting press conference. The Fed chairman acknowledged the rate increase was “an unusually large one” but not something he expected to be the norm. + +Stocks jumped, with the S&P 500 rising 1.5%. + +Then at a July 27 news conference, Mr. Powell tried to strike a balance between his earlier public remarks revealing concern about the strength of underlying inflation while also suggesting the Fed was eager for signs of improvement that the central bank won’t have to raise rates much above 4% or 5%. Wall Street interpreted him to mean the Fed was open to slowing down its pace of rate increases. + +The S&P 500 ended the day 2.6% higher. The Nasdaq Composite surged 4.1% for its biggest one-day gain in more than two years. + +Traders have pulled back from bets on inflation. The five-year break-even rate, a proxy for where traders believe inflation will be over the next five years, has fallen to around 2.6% from as high as 3.6% in April. Labor Department data this month showed inflation eased slightly in July but remained near its highest level since November 1981. + +Some of Wall Street’s top analysts have cautioned about reading too much into recent stock gains. + +Mike Wilson, chief U.S. equity strategist and chief investment officer at Morgan Stanley, is forecasting the S&P 500 will end the year around 3900, down 8.8% from where the broad index closed Wednesday. At Bank of America Corp., Savita Subramanian, head of U.S. equity and quantitative strategy, is expecting the S&P 500 to finish 2022 even lower—at 3600, a fall of 16% from Wednesday’s close. + +Skeptics of the rebound say that even if inflation turns out to be peaking, it likely won’t fall fast enough for the Fed to pivot as quickly as the markets expect. + +The Fed’s preferred measure of inflation—the personal-consumption expenditures price index—rose 6.8% in June from the same month a year earlier. That was far above the central bank’s target and the sharpest rise since January 1982. Investors will see the July reading later this month. + +“The market is still pricing more aggressive cuts than we think are warranted,” said Ms. Li, of BlackRock. “We see the Fed eventually pivoting on policy, but not as much as the market is expecting.” + +A challenge for both sides is that the Fed doesn’t appear to have confidence in its ability to accurately forecast inflation, which makes it difficult to predict when the central bank will stop raising rates. + +***“We now understand better how little we understand about inflation,”*** Mr. Powell said at a forum hosted by the European Central Bank in June. + +***Economists outside the Fed are divided over how aggressively the central bank should attack inflation. One camp says even if it falls over the next 12 months, it is likely to settle at 4% or higher, a level most Fed officials would consider unacceptably high. That would make it difficult for the central bank to lower rates to the levels that fueled markets in recent years.*** + +Some of these economists suspect the Fed isn’t being forthcoming about how high it believes interest rates will need to go for inflation to fall to 2%. + +Another camp warns that the Fed, embarrassed about waiting too long to pull back its support of a booming economy last year, will compound the error by tightening too much. These economists believe the current surge in inflation is the result of global shocks rather than an overheated U.S. labor market, which would require a much deeper downturn to bring down inflation. + +**‘Unpredictable beast’** + +Investor faith in the Fed put has strengthened in recent years. Markets slumped in 2018 as the central bank raised interest rates four times and investors fretted over the seeming end of easy-money central bank policies. As the central bank paused its rate increases and then switched to cutting rates the following year, stocks went back up. + +They tumbled again in March 2020 after the Covid-19 pandemic shut down economies around the world. They bottomed out within the month and surged after the Fed cut interest rates and relaunching its bond-buying program. + +“The fact that the Fed is very hawkish today doesn’t mean they can’t go dovish in a few months. That’s happened over and over again,” said Jim Paulsen, chief investment strategist of The Leuthold Group in Minneapolis. + +Yet in recent instances when the Fed eased rates, the central bank was having difficulty pushing inflation up to its 2% target. Investors and Fed officials were ultimately reacting to the same growth risk. With inflation running high, that is no longer the case. + +If the Fed holds tight to its plans, markets could be in for a tough ride. Earlier this year, Goldman Sachs Group Inc. research found the stock market had fallen at least 15% on 17 occasions going back to 1950. In 11 of those instances, the market only hit its trough around the time the Fed started easing monetary policy. + +Mr. Paulsen believes the case for further interest-rate increases has weakened. But he acknowledged that trying to predict how the Fed will respond to inflation in the months ahead is almost impossible. + +***“The reality is that right now, the market is enjoying the Fed put,”*** he said. “We’re all dealing with a very unpredictable beast.” + +--- + +Don't fight the Fed. Caveat Emptor. +https://www.france24.com/en/20191018-us-imposes-record-7-5-billion-tariffs-on-eu-goods-targeting-wine-and-airbus-1 + +>Speaking in Washington hours before the tariffs were due to come into effect, France's Economy Minister Bruno Le Maire warned the move would have serious repercussions. + +>"Europe is ready to retaliate, in the framework of course of the WTO," he told reporters shortly after meeting with US Treasury Secretary Steven Mnuchin on the sidelines of the International Monetary Fund annual meetings. +Stories like below remind us that just because you have insurance, doesn't mean you are covered: + +[https://www.npr.org/sections/health-shots/2020/01/29/800870904/a-41-212-surgery-bill-compounded-a-patients-appendicitis-pain](https://www.npr.org/sections/health-shots/2020/01/29/800870904/a-41-212-surgery-bill-compounded-a-patients-appendicitis-pain) + +Anytime you go to a doc office or a hospital, you sign an agreement that essentially says "whatever the insurance company doesn't pay, I will". At that point it doesn't matter whether your maximum out of pocket is 10k or whatever. The hospital can charge pretty much whatever the fck they want (the *chargemasters* are KNOWN to be fictional & unquestionable). If they charge 10x the Medicare rate and the insurance company tells them to take 2x or fuck off, then guess who is on the hook for the rest? In my state ONE organization has already bought up nearly all the hospitals. So much for competition, and they can now charge however they want. + +Regular retirement typically offers Medicare protections. Early retirement serves up this ever-present risk of being on the hook for a surprise medical bill that can ruin early retirement plans (not to mention the difficulty of getting back into work after such an event, both in terms of gap and medical needs). + +Am posting this to vent my frustration at this BS, but also to see if there are any tips to mitigate such risks. I understand that people generally don't care about this until this happens to them. +Everyone is excited about house prices falling by a few %, but what difference does that make when everything has doubled in the last few years. + +Especially when real wages have been the same for a long time. + +5-10% fall doesn't really make a difference. + +EDIT: Thanks for all the comments. I agree that if prices do fall 30% over 12 months it will be a different story. Although I believe property is overpriced I doubt it will happen. +Also agree with others that spending your time doing more productive things like culture/ art/ innovation would be a lot more useful for your life and society than speculating on property, but that's a discussion for another time. +Reliance has already made their plans clear to go debt free and it seems like they are slowly heading in that direction. Now even Airtel has the same plan. + +Isnt debt good? It allows a company to grow without diluting it shareholding further or potentially paying dividends. Also taking on debt allows to deduct the interest on the debt from corporate income taxes. + +What are the advantages of going debt free? Isnt taking on debt good in a growing economy especially in current scenario where interest rates are falling and cash flow is hampered? +&#x200B; + +https://preview.redd.it/sgomn7nbyyf81.jpg?width=700&format=pjpg&auto=webp&s=8e6cb6b1c6c7258c31057d84209abf6e05fd38d5 + +*This is a series of posts where I apply my fast and dirty historical fundamental analysis to give my opinion on some of the biggest dogshit stocks of the ASX200. If you are interested in the process used to evaluate this stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +https://preview.redd.it/id2ro79dyyf81.png?width=4500&format=png&auto=webp&s=6b7000c151197e2728499522ef8c8f493d0ca3e7 + +Founded in 1954 in the town of Woodside, VIC, Woodside Energy started their work in the oil industry with a set of leases in the region. Only a couple of years later, they started exploring for oil offshore along the Australian coast. In 1971 they listed on the ASX, having made some substantial discoveries in their drilling in the decade prior. + +By the early 1990s, they had opened major offices in Perth and had just delivered their first shipments of LNG to Japan. 30 years later they are likely to become one of the largest LNG companies in the world after merging with the petroleum business of BHP, and will soon be dual listed onto the NYSE. + +# The Checklist + +* Net Profit: positive last 9 of 10 years. Neutral ⚪ +* Outstanding Shares: mostly stable, w/ cap raise in 2018. Neutral\* ⚪ +* Revenue, Profit, & Equity: cyclical on all. Neutral ⚪ +* Insider Ownership: 1.26% w/ a lot of share plan participation. Neutral\^ ⚪ +* Debt / Equity: 55% w/ Current Ratio of 2x. Good ✅ +* ROE: 4.3% Avg L10Y w/ -33% in 2020. Bad ❌ +* Dividend: 5.4% 10Y Avg Yield w/ 1.9% in 2020. Good ✅ +* BPS $1629 (1.6x P/B) w/ NTA $13.32 (2x P/NTA). Good ✅ +* 10Y Avg: SPS $6.62 (4x P/S), EPS 0.86 (30x P/E). Bad ❌ +* Growth: +3.5% Avg Revenue Growth L10Y w/ -34% in 2020. Neutral ⚪ + +**Fair Value – $26.07** + +**Target Buy – $16.77** + +^(\*I note neutral because the 2018 capital raise only added an extra 80m shares to their previously 852 outstanding. Furthermore, the raise was to fund acquisition of the further 50% interest in Scarborough project. So potentially accreditive in the long-term.) + +^(\^I’ve noted this as neutral in light of the previous CEO selling down a lot of his shares regularly. Outside of that, insiders hold quite a decent clip of the $25b market cap, albeit not a lot of on-market buying. Specifically the new CEO holds about $5m worth at the current share price.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/o6i1msqkyyf81.png?width=1822&format=png&auto=webp&s=ddc901a2e80f34c5772408871520abac7f03e4f0) + +WPL has had quite a bit of history on the ASX, with the last 15 years quite volatile. Picking up steam in the mid-2000s on the back of rising oil prices, WPL reached its peak in May of 2008 at a bit over $69 dollars. At that time, crude oil was trading over $120 a barrel and the market was about to be in for a major shock with the GFC. + +Despite no huge shifts in the share counts, WPL today trades for less than half of that value. In 2020, it reached as low as $14.93, or nearly 80% down from the top in 2008. Closing @ $26.27 on Friday 4th of Feb 2022, WPL may have recovered 70% off it’s 2020 low, but it is still 30-40% down from its 2019 price levels and nearly 65% down from it’s all time high all those many years ago. + +# The Diagnosis + +The Short Answer: WPL really cop’d it. + +[Was it funnier the second time?](https://preview.redd.it/jz0dxlanyyf81.png?width=1000&format=png&auto=webp&s=3fc5dc99693bbc81f7d197c2fa9f3e15a07334f2) + +The Long Answer: ESG is definitely a factor, but probably in a more indirect way, tempering the rebound in 2020. In reality, WPL had a rough year that year largely due to the the global slowdown that occurred due to government lockdowns crashing the price of oil and gas. Crude in particular took a nosedive from around $60 to the low $20s and at one point the futures prices dropped deep into the negatives. + +&#x200B; + +[marketindex.com.au](https://preview.redd.it/q1e701opyyf81.png?width=1172&format=png&auto=webp&s=89b1a6cee46ef07ea5155ba5e4e4f21943a89afc) + +With WPL, while they may primarily be an LNG producer, their share price has historically followed the oil price. This is in part because LNG contract and spot prices are often pegged against oil. For the company, the year culminated into a calendar year result with a $5+ billion impairment and the thinnest cash flows since the mid-2000s. With ESG looming large in the market discussion, there was reason to believe that the oil & gas industry were in their final death throes at that time. + +&#x200B; + +https://preview.redd.it/iloh1jyqyyf81.png?width=1361&format=png&auto=webp&s=31bbdffc2903d1ff48df987e870c9e366d21ae1e + +It is worth noting that apart from a horrendous 2020 result, WPL has performed solidly for the 9 years previous to that. And since, in 2021, WPL showed a sharp recovery in their 1H21 report. The oil prices have been quite bullish since, seeming to indicate that the worst is behind them. Their 2021 performance is expected improve significantly on the previous year’s result. + +# The Outlook + +Despite the dark cloud still over the fossil fuel industry regarding ESG concerns, the future actually looks pretty bright for current producers. Ironically enough, as I explored in the [Aurizon post last year](https://www.reddit.com/r/ASX_Bets/comments/r36vx0/catching_the_knife_the_largest_railbased/), these energy market shifts are almost structurally bullish for the commodities involved. Even coal is set to benefit. Constraints to the future output due to years of underinvestment have left the current producers in a bull market for fossil fuels, which may last for years. Europe’s gas shortages as a result of major shifts away from traditional coal fired power as well as nuclear provides a stark example. + +**The Natural Transition** + +A major advantage to investing in LNG companies like WPL specifically is that gas is considered perhaps the best compromise for energy production in the pursuit to transition towards renewables. There are a lot of reasons for this, which [I explored many moons ago in my review of Origin](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/), not least of which is because it is a lower carbon emitting fuel than coal. + +One thing that may have changed since that review is the stance that some governments may now adopt towards gas and nuclear going forward, with the European Union’s Energy Commission proposing to make gas and nuclear “green” investments. + +&#x200B; + +[Amazing what a 1000&#37; spike in the energy prices can do to change bureaucrat minds…](https://preview.redd.it/mnkvadnsyyf81.png?width=1100&format=png&auto=webp&s=6c04ef39cef3ac3b1f143e1b99e71d805d716bea) + +This is both bullish and bearish when it comes to gas prices. Bullish because it would give sanction for investment funds to continue to hold names like WPL, without the downward pressures from ESG funds (or at least as much pressure). It would also make funding projects more amenable to investment banks. + +Though, longer term, a flood back into the sector with development investments would change the current supply dynamic, and would theoretically lead to commodity prices moderating once supply side can catch up to a diminishing demand side. However, I expect that there would still be heavy constraints on development and new production (if not purely caution on the part of producers), with the intention to wind down supply in line with demand. + +**BHP Merger** + +&#x200B; + +https://preview.redd.it/q47jy4rxyyf81.png?width=1100&format=png&auto=webp&s=c3c8f3fe556211537e9181289854dae86256babe + +As it is, WPL has essentially doubled down on its position as an oil & gas giant, with a binding agreement in place to take control over BHP’s petroleum and gas assets later this year. It’s an all-script merger with new WPL shares issued to BHP holders in exchange for the assets. The current WPL shares will represent 52% of the final share count, and while this sounds like a massive dilution, it is closer to breakeven. The split is being determined on an asset basis, so the added production (and ultimately revenue) from BHPP will more or less offset the additional shares. + +[From WPL 2021 investor update.](https://preview.redd.it/6t5c20ezyyf81.png?width=2000&format=png&auto=webp&s=bb9227b6fb5b71c6d8274d8a2e97d9c054e9cae7) + +Post-merger, WPL will be one of the largest LNG producers in the world. + +**Reserves** + +It’s all well and good to have LNG at the forefront of a transition away from fossil fuels, and even maybe considered a sanctioned green energy (for now), but with the fall off in investment into new production, and an expectation that there will be a hard cut-off in the future in further exploration and development, how long can companies in the oil & gas industry realistically expect to continue to make money? + +&#x200B; + +[From WPL CY20 annual report](https://preview.redd.it/bgz9u5j7zyf81.png?width=1500&format=png&auto=webp&s=8dcd8bd6bf037fecc7a7b821dbea8820de56f7fe) + +As for WPL, they as of December 2020, they had 119 million barrels of oil and 3114 billion cubic feet of natural gas in their proved reserves. With production that year of 9.7 million barrels and 468 billion cubic feet respectively. + +&#x200B; + +[From BSP FY21 annual report](https://preview.redd.it/oy49tqh9zyf81.png?width=2000&format=png&auto=webp&s=3def326fa80dbf92926abb09279ac491af1e46c2) + +BHP listed their proved gas and petroleum reserves as of June 2021 at 324 million barrels of oil and 1858 billion cubic feet of natural gas. Production of each that year was about 38 million barrels and 370 billion cubic feet respectively. + +Working roughly from these figures, the combined assets represent a good 5-8 years’ worth of production life. In this time, the dynamics in the market are likely to ensure very good returns on the last tails of these developed assets. I think it’s reasonable to think that WPL and similar companies in this space will be cash-cows for the remainder of their service life. + +**Scarborough Gas Fields** + +Perhaps the real question is about some longer term plans on the table with WPL. They are pushing ahead with what will end up being one of the largest LNG projects in Australia ever to be undertaken (and maybe the last major one). The Scarborough project recently got the greenlight to proceed from the WA state government. + +&#x200B; + +[From Project Development Overview Factsheet \(Nov 2021\)](https://preview.redd.it/cvdpll4fzyf81.png?width=2000&format=png&auto=webp&s=d587655ba8679424149cc4cc6da6ca8bd30a3bd7) + +Scarborough is estimated to have over 13 trillion cubic feet of gas resources, of which about 11 tcf are planned to be developed. The project represents 5-8 million tons of LNG p.a. for Woodside from 2026 onward. It will initially cost about 6 billion to get off the ground, with likely $16billion to be spent in its full term. To help with that, WPL has sold a 49% share Global Infrastructure Partners, a private equity firm that specializes in large infrastructure worldwide. GIP will be footing half the bill for the build out. In their Nov 2021 factsheet overview of the project, they estimated the resource would provide around $125billion in GDP to Australia over the lifetime of the project, which is expected to be decades. Indeed, they note “to 2063.” + +# The Verdict + +With WPL current reserves providing a nice bridge to the first shipments from Scarborough in 2026, and as a result I expect that WPL will have the staying power to be the last of it’s breed in the coming decades. And similar to the big cigarette companies from the 1970s onward, quite profitable for decades notwithstanding a steady drop off in its customer base. In a weird way, ESG is giving WPL a tailwind with bullish commodity prices for the medium to long term to boot. + +&#x200B; + +[au.finance.yahoo.com](https://preview.redd.it/9k1pfelqzyf81.png?width=2000&format=png&auto=webp&s=52a1aec1b6d36bbe4f4376a05a098c4069a4af5c) + +Indeed, looking at the oil and natural gas commodity 10-year charts, the prices for each are reaching levels not seen for 5-10 years. If sustained at these levels, WPL will be primed to start replicating the results they had in 2013 and 2014, with massive cashflows and \~$3 p.a. dividends. + +**Hydrogen Future** + +With that being said, I wouldn’t describe WPL as having their head in the sand regarding the long-term prospects for their industry. Looking further into the future, WPL has made overtures into the new energy markets announcing a commitment toward investing 5 billion into hydrogen projects in Australia and the United States. + +&#x200B; + +[From WPL 2021 investor update](https://preview.redd.it/3sobwv4uzyf81.png?width=2000&format=png&auto=webp&s=72960ec46efe0814397abae0a529346fa5647883) + +This follows similar initiatives announced by Andrew Forrest, that Fortescue will invest heavily into their Fortescue Future Industries division to push towards greener methods of steel making and iron ore enrichment. It is hard to argue that these multi-billion-dollar companies do not have the kind of resources and know how to achieve some tangible progress into making their industries green. + +&#x200B; + +https://preview.redd.it/xk8ow4rwzyf81.png?width=1700&format=png&auto=webp&s=1a7e083acc03a987d180c2fd9dd9a5268531e43b + +For one, hydrogen is likely to use very similar infrastructure as LNG, both being liquid commodities that require ultra-low temperatures. This puts WPL in a unique position to provide and develop the new energy tech infrastructure, and maybe become one of its major producers in the long run. Either way, perhaps WPL’s focus on new energy tech will soften the blow back from ESG minded institutional investors, and give investment banks a reason to seriously consider backing WPL in the transition. + +# The Target + +But let’s get to brass tacks. What’s the company worth? + +Well, the first problem is addressing the BHPP merger. Luckily BHP have been fairly detailed in their segment reporting for their petroleum business. One slight issue is that their potash assets were included in the early figures prior to be split off as a separate segment. Though, as far as revenue producing assets, the potash appears to have been purely developmental at that stage, thus leaving the non-asset figures largely unaffected for those years. + +Another issue is that WPL and BHP report on a different time frame. WPL follows the calendar year, whilst BHP reports on a financial year. The mash up of figures is rough at best, representing an overlay of time periods (e.g. 20/21 represents WPL 2020 and BHP FY21 figures), but this comes with the feature of smoothing out the figures a bit, so it’s somewhat of a benefit to our analysis. + +&#x200B; + +https://preview.redd.it/aeckkjbzzyf81.png?width=1363&format=png&auto=webp&s=464f1212c4b34069dbda8d739e62665c776d24e5 + +Note: regarding USD / AUD conversion, both companies report on an USD basis, which is both useful and problematic. Problematic in that the historical performance each year is skewed, as the actual performance in AUD would have been different based on that year’s prevailing exchange rate. On the other hand, starting with USD and converting the entire 10-year fundamentals under the current exchange rate does help a bit to understand their potential in the future under this rate. I’ve chosen to use 75cents as a benchmark, which is a bit higher than the present rate, essentially hedging our valuation for currency slide. + +One last question is exactly how the assets will be brought across into WPL’s equity. The terms of the deal state that the assets will be merged on a debt-free basis. It’s not clear to me whether that means I should be using the total assets or the net assets after liabilities to gauge the new total equity of WPL. I’ve chosen to work with the net assets, to err on the conservative side. + +Using these figures, we can determine the average fundamentals of the two entities as though they were combined for the last 10 years. I think using this average is likely the best way to determine a valuation that doesn’t depend upon overly inflated oil & gas prices. This gives us the following figures: + +* SPS – $9.79 +* CFPS – $6.46 +* EPS – $2.25 +* DPS – $1.35 +* BPS – $14.33 + +I’ve chosen to include a cashflow per share (CFPS) based on EBITDA as an additional metric to include in our aggregated fair value. Using these figures, we can find the following fair and target prices: + +**Fair Value (WPL/BHPP) – $34.77** + +**Target Price (WPL/BHPP) – $25.38** + +As such, I think that WPL is still well within a reasonable window to be considered a good buy and hold for the long run. The main problem that a would-be investor might have is that the share price might never catch up to the fundamentals; essentially, ESG pressures prove to be a cap on the price. Though, if high yield dividends are appealing for that investor, I expect that this won’t be seen as a significant detractor. Indeed, the presence of ESG and a transition from fossil fuels may mean larger payout ratios in profits because there will be less cap ex required with future development curtailed. + +**Inflationary and Wage Pressures** + +It is worth noting that there is potential issues in the short term with lockdown and isolation policies causing labour constraints. This is across most heavy industries and Woodside is not immune. That being said, they were able to post some impressive production numbers in their 4th Quarter update despite this. + +The other half of this coin is cost increases both from labour pressures as well as straight up material inflation. This will start to impact costs for operations over time. Luckily, fossil fuel commodities tend to be quite inflation sensitive, so I would expect that WPL should be somewhat insulated from dangers of these inflationary pressures. The real risk is a global slowdown dramatically reducing demand. + +# The TL;DR + +Woodside Energy is an almost 70-year-old Australian oil & gas company. They were one of the first major Australian exporters of LNG in the 1990s, with major projects along the coast of WA. Recently, they’ve entered into binding agreements with BHP to merge with the latter’s petroleum business. This will position Woodside to become one of the largest oil & gas companies in the world and in line with this they plan to dual list on the NYSE later this year. + +Contrary to predictions from ESG investors, oil & gas is not dead yet and gas sepecifically may well be the best positioned to enable a transition into new green energy technology. WPL themselves have announced major investments into hydrogen production in the coming years. Apart from that, the commodity market for oil and gas is the best it has been in many years. WPL is in a great place to capitalize on constraints on supply in the next few years, especially with the approval of one of the largest Australian LNG projects ever in Scarborough. + +It remains to be seen how much ESG might limit the upside for the share price in the future. Presently, there is a sharp divergence between Woodside’s share price now and what it had once attained under similar commodity conditions. Regardless, those without any compunctions about investing in this sector, and with a particular liking for dividend investing, may have a cash cow on their hands. One which could be paying out in high yields for a few more decades. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice* 🚀🚀🚀 + +*I'd love to hear other's opinion on WPL and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*On Deck Next Fortnight: CGC* + +*Currently on the Watchlist (no particular order): CGF, FLT, QAN, CWN, NOU, OML, CIM, CTT, BSL.* + +[*Previous Editions of Catching the Knife*](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +Here's mine: + +Ever since my first job as a busser when I was 16 at a local Italian restaurant I've been saying "Man, I can't wait till I retire". Most of my co-workers, friends and family thought I was joking and just brushed it off with "Ha, you've got a while to go kid". At the time I was only halfway saying it ironically, but it was based on truth - a desire to not want to do crap I didn't want to do. + +Goofy Side note: I would be paid nightly in crumpled up $1 and $5 bills which I would take home and iron out so it wasn't a pain in the bank teller's butt. + +Anyhow, as I went through high school and college, I switched jobs a couple times, but always kinda had the same attitude - can't wait to retire - same responses from coworkers - was pretty good at saving and a novice at investing at this point. Didn't really have any goals with the money, but at least it wasn't being thrown away. + +Our first day of college, our professor had us stand up and rattle off a goal we had. I randomly said "to retire by the time I'm 30". She literally scoffed and said "well, you better not have any kids". Even though I was (mostly) joking, the way she said that really kinda pissed me off and only strengthened my resolve. + +One Christmas, i guess I was 19, my sister's fiance gifted me a copy of Rich Dad Poor Dad, which I view as the turning point in my financial life. It gave me a purpose of something to work towards. I know it's relatively shallow, but for introductory purposes, it fits the bill. + +So now I'm saving more and investing more, but still haven't been properly introduced to FI. + +A few years go on where not much new happens until I graduate from college and get my first job. On day 1, I joked with my mentor about retirement and he ended up sharing MMM with me and since then, I've had FI on my mind as a primary goal. + +Anyway, that's a little of my story on how I learned about FI - eager to hear yours. + +Edit: MMM = Mr Money Mustache + Im looking for an ETF for 30-40 Years. Ive gained some knowledge from the german community and wanna hear out some of you guys aswell. + +Currently im running the Vanguard all world ETF a1jx52 with a TER of 0,22% at zero additional cost at my broker "scaleable". + +Since im from germany i choosed one which pays out to get 60k in it (This is the limit my payout gets taxfree in germany called "Sparerpauschbetrag"). + +Currently im thinking of maybe changing this to the S&P500. The growth was better but it the diversity is less. But a lot of the big american companies are also big in europe. Amazon / Apple etc. + +What would u recommend? Stick with the World ETF to be save or should i go with the S&P500 have a bit more risk but greater return? + +Any opinion is welcome! +Everyone here seems to love MO because they are a dividend king and the stock price is low compared to ATH. + +However, the main reason that MO has been able to continue to pay out and increase its dividend is not because of a increase in revenue, but a decrease in operational costs. There is only so much that operational costs can be lower, and without an increase in revenue MO will be stagnant soon. + +Additionally, tobacco use in the US has been falling year after year for decades now. In 2000 a little over 20% of adults and teens used tobacco products, in 2017 that number was down to 13% and 8% respectively. + +[source: https://www.lung.org/research/trends-in-lung-disease/tobacco-trends-brief/overall-tobacco-trends] + +That said, there are also some bullish points to consider: + +Altria is making a push to transition away from smokable products into vapor products, and if done successfully they could capture a big portion of this generations vapers, which would be a solid revenue stream for a couple decades. + +They are also in prime position to take advantage of a legalized cannabis environment, so if you are bullish on weed (I am) then it’s a bullish point for MO too. + + +What are your thoughts? +For quite some time now, I've been saving to buy a new house. I've decided to wait for another year, more likely two. I have about 50,000 in savings. Right now it is in a bank earning low interest. I've been thinking of buying a relatively stable "high paying" dividend stock with it to get something nice in the way of earnings from it, but with the understanding that it will be parked there only temporarily and will be pulled out in a couple of years for a house purchase. I already own, a number of stocks that pay 5, 6 or more percent in annual dividends. I'm not so much focused on price appreciation, though I certainly wouldn't say no, but am more interested in receiving dividend earnings until I actually do need the money. I'm thinking maybe Altria, Kinder Morgan, Verizon or something like that (meaning returns over 4 percent). Does this make sense? If so, any suggestions for stocks with a generous dividend payout, but a lower risk of loss of capital? +**Are you BINGUS'D yet ?** + +This might be your last chance before **$BINGUS** goes through the roof once again ! + +Sometimes, a few words can tell more than a million, and so this is how I am going to try to proceed in this post: + +**$BINGUS** is three weeks old now. After an extremely strong start, it took a couple of days off in order to recover before resuming its relentless ascension. + +Today, **$BINGUS stands at around 12M MCap** with a new, very comfortable price floor for early adopters, while keeping plenty of room to grow. As it stands right now, a 10x is a very realistic expectation to have. + +Community wise, **$BINGUS** is strong to say the least. It reached over **3000 telegram users** earlier today, and enjoys being **held by over 8300 people**. The community is bursting with activity, and the team is also extremely active and helpful. There is always something going on, and the global ambience is just incredibly enjoyable overall ! + +**$BINGUS** also has, as it was stated multiple times over the past few weeks, and incredible roster of partnership such as **EMMY NOMINATED** [**Rocky Kanaka**](https://twitter.com/RockyKanaka/status/1383161598378864640)**,** **BILLBOARD TOP100 RAPPER** [**Bbno$**](https://imgur.com/a/5jnDXIG) and even [**MoistCr1tikal**](https://youtu.be/BrfZfBxGx8U) himself. If that's not enough for you for some reason, then be aware that there is another **ENORMOUS ANNOUNCEMENT coming in the next few days**, something that might one of the biggest partnerships ever made in the realm of cryptocurrencies. Bullish to say the least ! + +But we can't talk about **$BINGUS** without mentioning its charity program. So far, **they have made around 20'000$ worth of donations to various animal shelters**, as their number one goal is to make a difference in the Animal Welfare cause ! Their [**last donation**](https://imgur.com/gallery/wjYnZQ9) **of 10'000$ was a huge step in that direction,** and it is definitely only the beginning. + +Last but not least, how not to mention the **recent listing on CMC and CG** ? That alone has been a huge even, but to add to that, we could also mention the fact that a part of the **team is doxxed (including the founder of the project Mike Cerisano)**, that the liquidity is locked, that **$BINGUS is fully audited, and that it is also an LLC,** basically guaranteeing safety to all the people who would like to invest and help $BINGUS in its noble cause ! + +This is already longer than I would have wanted it to be, but if there was one thing to definitely remember is that while the project has passed 10M MCap not long ago, the work the team has put in so far is proof that the potential is only getting bigger and bigger ! + +Of course as always, please DYOR and only invest the money you are willing to lose ! Thanks for reading me ! +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +**Relevant links:** + +🐱 [**Website**](https://bingus.finance/) + +**😸** [**Telegram**](https://t.me/bingustoken2official) + +😺 **on Reddit:** [r/BingusFinance](https://www.reddit.com/r/BingusFinance/) + +💬 [**Discord**](https://discord.com/invite/qKdZdd558F) + +📸 [**Instagram**](https://www.instagram.com/bingustoken/) + +🕊 [**Twitter**](https://twitter.com/bingustoken/) + +**🥞** [**Buy on PCS ( Slippage to 3%, make sure to be on the V1 !)**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +**⚙️** [**BSC Scan**](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +**📈** [**Charts**](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +💰 [**Last donation (10'000$)**](https://imgur.com/gallery/wjYnZQ9) +I've recently landed a new role at a well known company which has a substantially bigger comp package. I've only been at the role for 2 months and I've already had 1 friend and 1 distant family member get in touch and subtly ask for some 'financial help' (1x 'invest in my business' 1x 'times are tough, can you help'). I find the situation very awkward and uncomfortable. Ofc, if I genuinely thought someone needed my help and they were close to me I would help, but I'm pretty certain neither of these 2 people need my help or are particularly close to me. How do people go about saying no to these sort of requests and also how do you make it clear it is not appropriate? +I had two hospital stays last year totaling 6 days that I later, in December, received the bills for. I had an actual panic attack when I opened them and saw balances that totaled $14k and change. It made no sense because I’m fully insured with Highmark BCBS, the best high premium plan that my company offers, as I have a chronic illness. I basically had a breakdown and realized that the next 3 years of my income were a wash, and my plans to build a savings were over. + +I’ve been calling Blue Cross, the hospital billing departments, over and over for 3 months. I had to comb over the Explanation of Benefits and coding on each charge. I asked BCBS to reprocess each, called the providers to confirm their coding was correct. I had to write and send two letters USPS for appeals. On Friday, the billing department at one told me, like no big deal, “Oh yeah, you don’t owe anything. Blue Cross didn’t accept the coding. We sent your bills to local when they should have gone to your out of state insurance. They reprocessed, and you’re all set.” No notification from insurance, no letters in the mail yet. + +I still have to call the other hospital and confirm that they’ also have a 0 balance. But finally, after months of stress and trying to make a second job work, I can stop worrying and get back to my financial plan. + +Always check your medical bills, question them, and don’t be afraid to be aggressive. +This might end up being more of a vent (but advice is 100% welcome!) but I've always tried to be extremely money conscious. I'm in my early 30s, no debt, and my net worth puts me around the 95th% for my age range. You'd think money would be the last thing on my mind, but I think I'm so conditioned to constantly think about it that I don't know how not to. + +I routinely play the "if I lost my job today I'd be good for this long" game, yet I'm a top performer where I work. I do want to FI/RE and save as much as I possibly can, but I think I might be overdoing it to the point where my quality of life is degraded. I have justified it throughout Covid being a thing, but with things looking up on that front I'm trying to equip myself with the knowledge to take some steps to improve things. + +Any advice on how to not feel this anxiety all the time? +Looking to open up my second home to refugees. Wondering if anybody has ever done this? What was your experience like? Were there resources in place (welfare, WIC, etc) to help these families out? Any insight appreciated. + +Edit: please at least try to pretend you’re not blatantly racist when you come to criticize me ffs +Hi all. +I'm one of the Dev's of a popular game based on Ether. I won't mention the name of the game because this post is not about shameless self advertising. +I'd like to discuss what I think will determine the future of the ethereum ecosystem, it's success, adaptation, and maybe even what will finally lead to Ether taking the throne and making Bitcoin the altcoin. +I have a vested interest in the success of Ethereum. I was a big supporter for the past year and I'm an even bigger supporter now when our game brought in about 1,200 ETH in revenues in 2 weeks since the launch of the game. +But for me and my team this isn't about the crazy hype and short term success. We started the journey well funded with traditional investors behind us, who saw the potential in that cute digital scarcity game from December 17 and decided to take a big bet on our idea. + +For us this is a long term mission of developing sustainable growing dapps based on Ethereum. + +There is an understandable judgment and hostility against BlockChain games in this community, and we totally get it. People feel like Ethereum should be regarded as a serious investment. +The premise behind what we're doing though is based on the assumption that mass adaptation can only be achieved by bringing Ether to the spotlight in the form of usable applications and games. +Every new person who is exposed to an app or a game that's based on Ethereum is a new person who has to buy Ether, install a wallet and educate him/her self about what it's all about. +Our motives are not altruistic of-course. My team and I are now holding very large amounts of ether. We're using our fiat funding for growth and trying to hodl as much as we possibly can while growing our company using USD funding. +We want Ether to dominant and we are placing a giant bet on it. While many would convert this newly earned fortune into fiat and move onward to a new project, we are trying to take a longer term approach and create a large and sustainable ecosystem that is interesting enough for the general public to participate in. +We recently decided to inject most of the ETH proceeds we generated in the last couple of weeks back into the game in the form for rewards and interest paid on holdings. We're doing this in order to sustain growth and support the momentum. Active players can vouch for the fact that we are really doing this on a daily basis in a transparent and fair way. +Again, while these decisions on our part are far from altruistic, we believe that they at least deserve the support and encouragement of the core community of ETH cryptoheads such as yourselves. + +Thank you ETHtrader for being a source of knowledge for us for a long time, and introducing us to a technology that turned out to be life changing for some of us. +Regards from the team of an unmentioned Crypto Game. (: + + + +Leaps are generally considered good in terms of options buying. I agree with this, but is there any reason why someone would want to sell leaps? Because there's obviously people out there selling them. +If you are required to have PMI insurance, why MUST you have to refinance in order to have it removed? I am having a hard time processing this. + +Okay I get it the bank wants to cover its ass but the only option is refinancing. + +Are there any other options available that are not mainstream? + +To have it removed only is not allowed and they try to get you to pull out equity funds or switch interest rates when I’m only interested in removing PMI insurance. +Subaru grew revenu (ha) from $14.4b to $30.5b from 2011 to 2020. EBITDA grew from $1.27b to $3.7b in the same period. That's about 8% rev growth and 17% EBITDA growth annually. They have over $10b in cash and around $4b in debt on a $15b market cap. They do have quite some capex but I think this company is a bit too cheap for having such a solid track record of top and bottom line growth. I speculate this is due to the future of cars being mostly EV's but I think Subaru will stay popular among their buyers. Subaru owners are one of the most loyal buyers in the U.S. and, with their cars selling in a 3-to-1 ratio in the Northern U.S. it makes sense to me that the transition to EVs will be delayed there (Subaru owners are often active outdoors people and who wants to go out in the boonies with range anxiety?). + +Any thoughts? I'm thinking of starting a large position here. + +Cheers +Ironically, the cheaper it gets, the more afraid I become. But I believe there’s value there, especially after they offload their distractive media companies onto Discovery. +I'm looking for something to track all my activity on Degiro and wondering what people here use. I found [this](https://docs.google.com/spreadsheets/d/1Ajox_mGj_prTqfIWSSF1xcaDEBm6ZuZZDInZ1Es-_bM/edit#gid=4) which is sort of what I'm looking for but it's all in USD. + +Since I've holdings in a number of different currencies, is there anything more suitable out there? How do you account for the fx movement in your personal trackers, as my account shows X but if I input my holdings into a spreadsheet it shows Y? + +Thanks. +Instead, we should make fun of him for his impotent raging on his show, his paid shill behavior, his gaffe revealing market manipulation, his (alleged) cocaine usage, his terrible speaking and slurring his words, and his whining and crying when we buy, hodl, and DRS. + I decided to create a net worth and budgeting spreadsheet during this time of social distancing. For the net worth sheet, I made a rough draft then decided to create a final draft. The final draft is a big improvement over the rough draft. It is like night and day. + +Rough draft: [https://imgur.com/a/u0W7c7U](https://imgur.com/a/u0W7c7U) + +Final draft: [https://docs.google.com/spreadsheets/d/1S6UoFAsLo5GefDB57epFGUcqWWM6FTlcD4Yb4jpCx2I/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1S6UoFAsLo5GefDB57epFGUcqWWM6FTlcD4Yb4jpCx2I/edit?usp=sharing) + +I color coded the different types of assets to make it less confusing. It will add up your net worth after you type in all your assets and liabilities and calculate the change to see if your net worth went up or down every month. I also added a credit score section just to keep track of that. + +Here is the spreadsheet I made for budgeting: [https://docs.google.com/spreadsheets/d/1W0f1718yOr49Rr3awiXhKpecwjcwYDUFt71a3vXxpco/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1W0f1718yOr49Rr3awiXhKpecwjcwYDUFt71a3vXxpco/edit?usp=sharing) + +This one I got off of somebody else on Reddit. I just made a couple of improvements to it. I am only 18 so I am very new to this whole saving every penny thing. I live with a very stubborn family who does not think rationally about money. I hope these spreadsheets can help you like they are helping me right now. + +P.S: I know some people will say "Just use Mint or YNAB". I can understand what you're saying but I don't like to use them because: + +* It costs money +* free version of Mint has ads +* Mint will send you a lot of emails +* Mint and YNAB are not perfect. With a spreadsheet you can customize it to your liking + +In my opinion, if you input everything manually, you are going to do a better job of keeping track of it and you will be better at managing your money. It's like being in a classroom. Students who just take a video of the teacher/professor won't do as well as the students who write down what the teacher is saying. +Throwaway account here. I’d like to consider myself fairly savvy when it comes to personal finance - but I’m not 100% confident on Crypto, and could use some advice here. + +Due to a combination of mental health and my mom’s poor health, my Dad has recently agreed to an early retirement in his 50s. Neither of my parents are working, they are renting, they have some government financial support, they have some history of poor financial decisions. My Dad has worked in banking for most of his career, will have some sort of pension but I don’t know to what extent, and has recently gained access to somewhere in the realms of 75k inheritance money. + +I was speaking to my sister recently, who has been into crypto for the past year or so and has made a few thousand out of it. She was referencing the price movement of ethereum, and then added in “but I don’t have as much as Dad”. I needled her further on the topic, and it sounds like my Dad has put 50k+ into Crypto, mainly btc & eth. + +It came as a shock to her, I don’t in any way think that she suggested that he do that with the inheritance, but given her own interest in crypto she isn’t as shocked and horrified as I am. + +I don’t think that my parents have enough money for a comfortable retirement in their 50s from his pension and a 75k inheritance, and given the poor mental health I’m worried that this is a bit of a desperate move. + +What can I say to him about the risks of crypto? Is this level of exposure into crypto as insane as it sounds to me? I understand a bit of a punt but at this level it feels like he is really relying on it going well. +Hi all, + +Quick context: My family is not yet FIREd (I'm self-employed and semi-retired and my partner is still working full time for at least a few more years). We have one child and more on the way and just hired our first combo nanny/family assistant. + +Our wealth is self-made and neither of us grew up in the sorts of homes that had staff (maybe a few hours of week of a mother's helper for a SAHM at most). We knew we wanted a nanny to enable us to work (and some recent research we've read really turned us off daycare). However many weeks we wouldn't want to utilize them a full 40 hours because of how flexible my job is -- I'll regularly take the kiddo for 0-4 hours a day, and during that time want our nanny to run errands, clean up the house, do laundry, etc. + +**The good**: Our new nanny is amazing, and I \*highly\* recommend this joint nanny/family assistant approach if you have any childcare needs, whether or not you're retired. We have been \*so\* much less stressed since she started. + +(Side note: It's really hard to increase scope of an existing nanny and many do not want to do things like food prep for the family or the family's laundry. Since we hired ours to do family assistant tasks from the get-go, expectations were set in advance and it's much more organic to have her work on that stuff. I would recommend that approach.) + +**The bad**: I am feeling super awkward about having her in the home when we're there. When she has the child my partner and I are both really good about staying out of her space so he doesn't get sad he can't see us. When I have the child, though, she will regularly engage with him when she passes by or when he goes to find her. Then suddenly I'm hanging out with my child and another adult instead of just us two and it's super socially awkward. + +I also am feeling super awkward about asking her to do things. So far I'm making my partner do all of the task delegation. I have so many things I'd like her to do that she hasn't yet done (vacuuming the house regularly, replacing our tires, baby-proofing our child's bedroom — EDIT: by replacing our tires I meant making an appointment at a shop and bringing the car in to have this done, standard assistant project) but I feel guilty doing so for some reason, even though it's exactly why we hired her. + +As our family grows we anticipate having more staff around the house (eventually up to and including a full-time housekeeper and 2 nannies). This is us dipping our toe in the water to see how things go. + +For those of you who've done this before or grew up in this environment, what advice do you have for still feeling comfortable in your own home? And for minimizing the psychological and logistical overhead of having such an employee? + +EDIT: A couple folks have asked what research convinced us to do a nanny instead of daycare -- see https://criticalscience.medium.com/on-the-science-of-daycare-4d1ab4c2efb4 +I am already comfortable with my finances but just got an offer to sell my online business that got me to fatfire from a major US company. I can provide the documents they ask for but I have a hard time to come up with the right valuation. We do about 7 million in revenue and about 2 million in profit. In business since 8 years in a high growth industry. They just want the brand which is a perfect fit for their entry to the market. They have the perfect technology for this. We are the only really attractive brand in that area. From what I understand and online calculators tell me my business is worth about 7 to 9 million USD. I started to talk to M&A advisors and the first agreement asks for a 4% cut of the sales price besides paying a 70000 retainer fee for the next 6 months. Since we already have a potential buyer I think this is a bit steep. They also do not offer tax or legal advice. + +Here are options I consider: + +1. Shop around for other M&A advisors for better offers around 2 to 2.5% of the sales price. + +2. Go at it alone based on the accounting numbers and just state our valuation and what we would be happy with selling for. + +3. Talk to corporate lawyers who specialize in M&A (because I guess we would need those anyway) and do the valuation based on whatever they recommend. We do not have a corporate lawyer we trust or worked with before. + +Its a difficult situation and the potential buyer seem to want to move forward fast. Any recommendations? +One thing has become clear as the momentum on the bull run has momentarily stalled with gains wiped off the board while the patient investor bides their time. + +And that is in spite of market conditions, appetites are still strong for the next big memecoin. + +That’s right, just like how a casino keeps the lights running even when the S&P is short circuiting, the memecoin market keeps turning and **new coins to find** **10x, 100x, 1000x gains off of keep rolling out.** + +So when you find a token that has this level of support behind it **(over 100k+ whitelist subscribers, 12k+ members in TG)** and the ability to provide improved mechanics which made **SafeMoon** and **EverRise** explode **(developers of BOG, Gabe, Bingus, all teaming up)**, it’s an easy recipe for success. + +And thanks to the **revolutionized recipe Olympus provides**, all you have to do is buy the token and wait for reflection taxes to return you your investment and more. + +By taking a piece of every transaction and converting the value into **BUSD that gets reflected right into your wallet**, you can collect stables simply by watching Olympus bring in volume. + +As such, this truly is the first token to allow you to win simply by buying and holding. And that’s before considering the **buyback mechanic** that will help Olympus keep its price looking healthy and chart ascending to the gates of holy gains. + +In the steady hands of experienced professionals, expect this market cap to skyrocket following their whitelist sale and public listing on PancakeSwap. + +With **anti-bot and anti-snipe features built into the contract**, getting in at listing is a real possibility for those of us relying on our human hands. Just make sure you set that slippage and gas rate high. + +**Launching no earlier than 21:00 UTC for the whitelist,** you can expect that to conclude quickly with **PancakeSwap scheduled likely two hours or so afterwards.** + +DYOR and don’t play with more than you’re willing to lose, but the **risk/reward with known teams and reputations on the line is a lot better** than what you’re going to see with most new coins out here. + +After all, the appetite nor possibilities aren’t gone from the market, not in the least. It’s just a matter of picking the right ones. So do your DD and enjoy the ride. The gates of Olympus will soon be open. + +[Website](https://olympustoken.io/) + +[Telegram](https://t.me/OlympusOfficial) +All morning I’ve been seeing hundreds of posts from apes saying how they’ve all bought the dip and added shares. This. Is. The. Fucking. Way. 🚀 🚀 🚀 💎 🙌 + +If their tactic was to shake hodlers by causing a huge drop or creating FUD, on a Friday, when most people get paid, the opposite effect just happened. Apes are just increasing our positions, and it’s beautiful. +Things to keep in mind for tax filing season (with clarifications edit: fixed to record some easy updates). + +1. You have to file federal taxes if you make enough money that you have tax liability, which is generally over about $12,200 gross for regular employment, and only $400 if you are self-employed. You want to file even if made less than this much in order to get back any taxes you had withheld. + +2. Even if you are a dependent on your parents' tax return, you still file your own taxes (or not, if you don't need to); you never file "on your parents' return." The only time more than one person can be on the same return is a married couple filing jointly. + +3. If your state has income taxes, which over forty states do, then you also file with them. Those are two different processes that are largely duplicative, but slightly different rules. If you lived or worked in more than one state during the year, you might have to file in more than one state. Some people also have local taxes, how fun is that? + +4. You never have to pay a fee to file taxes. Most people can file taxes online for free with various web sites if they want to do that, see e.g. the IRS free file program website and other free services, but you can always just file on paper, too. (You laugh, but that's how I do my state taxes.) + +5. Even though you can file your taxes now, be sure you have all the documentation for all your income before you file. You don't want to have to go back and amend your return because you forgot about that other W2 you had months ago, or you forget to include your bank interest or brokerage tax information. + +6. You are supposed to report all your compensation income, even if it was just some part-time gig somewhere, or you got paid under the table. Gifts, loans and most scholarships are not taxable income. + +7. The money you get back is a refund of any excess taxes withheld. (Sometimes there are also refundable credits that increase your refund.) That was money you earned but didn't get yet. Getting a big refund means you didn't get a lot of money yet, generally speaking. You may want to adjust your withholding if you want to get your money sooner but that's up to you. + +8. If you didn't have enough taxes withheld, you need to pay the balance due by April 15th. You can get a payment plan if you need to. If this describes you, then you absolutely need to file because you can accrue significant penalties for not filing and not paying. You should also make sure you have enough withheld going forward. + +9. If you are married, filing jointly will probably save you money vs. filing separately, unless you have a special situation such as income-based student loans. Try computing both ways to see which is better for you. If you are not married, then getting married probably won't change your taxes very much for better or worse unless you have really disparate incomes (and it will help then.) + +10. (rewritten for clarity) Ignore any purported "refund" values shown by a tax program / calculator while you enter parts of your income. You may see a big refund for your W2 that goes away following your spouse's W2, or your second W2. That's an artifact of how the calculation works, and doesn't mean anybody did anything wrong regarding withholdings. Wait to see the final numbers. + +Feel free to ask questions if you are new to this. +We have a 2.5 yo and 7 months old. Just as we are ready to spend more money and have fun, we are facing the reality of most parents faced. The kids follow you everywhere. + +Could any of you recommend a trip where the kids have things to do? (I have my mom who I will bring to watch one of the kids but she struggles to take care both of them.) If I go to a major city, I know how to find temporary babysitter service but what if I want to do non major cities like Napa or abroad? Any suggestions? +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! + +Throwaway for obvious reasons. + +My father recently passed, and I’m left with a ton of money I don’t know what to do with and am scared to lose. I searched for the windfall post that I thought was on one of the FIRE and personal finance subs, but I couldn’t find them. + +I have no idea what to do or how to handle this situation. I am terrified of being taken advantage of. I’m still grieving (particularly hard given that we haven’t been able to have a funeral or be near loved ones because of covid restrictions). + +**I Know this sub cannot offer professional advice, but you guys are far more used to these sums of money, and I am so out of my depth, any suggestions are appreciated.** + +I feel like an idiot. I knew some of this was coming but I was terrified of both the amount of money and responsibility of it all. I should have done this planning earlier along with my dad, but it’s too late now. We started to go over certain things, but neither he nor I were able to face all of it given the implications of his mortality. +I am now responsible for all of my inheritance as well as my now elderly mother’s finances and health expenses, and am completely lost. *I hate myself for not preparing more sooner.* He was ill, but his death happened suddenly and far earlier than anyone expected. + +My biggest fear is losing the security offered by the money, because aside for being responsible for my mom, I am also borderline disabled already (healthy enough that I don’t qualify for disability, but bad enough that I’m on continuous care, have had health related employment gaps, and have high risk factors for total disability in the future). + +I don’t know who to ask or where to turn to even start to make a plan for my mother or myself (single, no kids). + +Getting all the paperwork re: the death is a slow process, and I’m still working on it… between various offices being slow if not totally closed due to corvid as well as local protests, it’s taken way longer than expected (getting the death certificate alone took over two weeks). + +No one outside of the accountant, the estate lawyer and MAYBE my dad’s best friend (they sold a business they had together many years ago) have any idea how much money he had, and I intend to keep it this way. + +I grew up lower- to middle class, and while my parents earned the majority of their money after I left the house, the upgrade to their lifestyle wasn’t much/very obvious, and their habits stayed the same. My habits are the same as theirs… zero debt, live in a relatively cheap rental, and save what I can (not a high earner to begin with, but covid-unemployed). + +My mother has plenty of money, the total family net worth appears to be in the mid seven figures before life insurance kicks in. Regular household bills are sorted (car, utilities, insurance, food, credit card, etc.), no issues paying for regular expenses out of their joint accounts. + +From what I’ve gathered so far, I am expected to inherit: + +* just over 1M in life insurance to me alone (policy was worth more, but there are other beneficiaries) +* 1.8 M in a trust (800K of which is in a money market account, the rest are in a managed stock account, I will have full control of everything once the full paperwork goes through) +* A residence that is on the market, it should net around 500K once it’s sold. It was on the market while he was still alive, he had purchased and another property that is paid off in full (M-HCOL area). I hate the realtor, my father had said she was acting unprofessionally before she passed, and the listing sucks IMO, and am looking for a new one. That said, I have no idea how to pick one. +* I'm unsure about how much is in the IRA currently, but know will be divided in two, and from the little I’ve read into it, I will be required to take distribution because I’m in my 30s. +* a non-tax advantaged investment portfolio that I have no idea how much is worth (I have not been able to get any info on that yet) +* 15K in straight up cash (I have this and feel so weird about having this amount of physical currency sitting around unprotected). +* 25K expected to come in for consulting work my dad completed a few months before passing, but the company suspended payments due to Covid. I don’t even know how that’s going to happen… it’s technically owed to the LLC that I now own jointly with my mother, but IDK how to collect. + +In addition to this there is also + +* properties in our EU hometown; a duplex which is rented for for a pittance and the “family home” which is totally uninhabited (Parents planned to retire there before life got in the way). The other is a run down property on a piece of land. He had a family friend (an accountant by trade) managing all the finances, taxes, and paperwork there. I don’t know anything about handling the paperwork or the maintenance, and I cannot get back there to deal with this now anyway because of travel restrictions. I have a basic relationship with her, but she’s also in her 60s at this point, so I will have to figure out something for as well. These properties aren’t worth that much money, they are rural and the value is probably 150K *in total*. I would never want to live there again, because it’s a small town that is empty with no opportunity and many properties for sale. +* eventually, something like 500K Euro in cash + bonds (this will take years to sort out, no fucking clue where to start with that aside from going into the bank office that holds them for us). + + +The US estate lawyer who set up the will and trust, has not been very communicative with me. I’ve called his office four times and have gotten a call back once. I don’t know how much of this is due to the offices being closed to Covid and how much is him dropping the ball and me not being demanding enough. + +The accountant has been open and we've communicated a few times, but I don’t understand half of what he’s told me. It’s so much information (personal stuff, legal stuff, international stuff). I don’t even know what I’m supposed to be asking. Or how any of this inheritance affects my taxes (and if I should move my residence to my mother’s home given much lower local taxes compared to my current residence). + +I have no idea what to do about my mom’s social security… my dad worked in the US for most of his life, contributing for years, and IDK if she would qualify for anything (she is on Medicare, is a US citizen too fwiw). + +I know I do not like the Investing/money Management team they have. I want to move everything to Vanguard, because I see they are charging fees, and they have been rude to me on more than one occasion. I have a little bit of money in vanguard (an embarrassingly low amount for this sub’s usual… around 100K spread in pure investment and Roth IRA). + +Same with the banks. I get way better treatment, and get way more service having far less money at my bank than at the local bank or national bank where my parents have their accounts. + +I am looking for a job for myself right now as well but that’s not going well… aside from the money, I am concerned about having continuous and decent health insurance as well as a purpose, because it’s obvious I’m also sliding into a deep depression (yes, I am seeing someone about this, and I did bring up that I feel guilty for receiving all of this money not having earned it). + +If you’ve come this far, thank you, apologies for the typos, and I appreciate any suggestions. +If you have a good relationship, please call your parents, tell them you love them, and hug them if you are able to right now. +[https://www.cnbc.com/2020/07/15/goldman-sachs-gs-earnings-q2-2020.html](https://www.cnbc.com/2020/07/15/goldman-sachs-gs-earnings-q2-2020.html) + +> The bank generated $2.42 billion in profit, or $6.26 a share, according to a [press release](https://www.goldmansachs.com/media-relations/press-releases/current/pdfs/2020-q2-results.pdf), crushing the $3.78 a share estimate of analysts surveyed by Refinitiv. It was the New York-based bank’s biggest earnings outperformance in nearly a decade. Revenue of $13.3 billion was more than $3.5 billion higher than the estimate,  fueled by strong results in its trading and investment banking divisions, which made up three-quarters of the firm’s revenue in the period.  + +&#x200B; + +>Revenue of $13.3 billion was the second-highest ever for the firm and up 41% from a year ago. +> +>Fixed income trading revenue came in at $4.24 billion, the highest in 9 years. +> +>Equities trading revenue was $2.94 billion, the best quarter in 11 years. +> +>Investment banking revenue was a record $2.66 billion. +I've just received an email yesterday (just before the long weekend), advising that my weekly rent of $600pw would be increasing to $750pw which is a 25% increase for a 2 bedroom apartment that I have been renting for just over 6 months. I have been provided 60 days notice about the rent increase. + +I am obviously going to be emailing the real estate agent on Monday night about this and am at crossroads how to approach this at the moment. I essentially have two options in mind. + +Option 1 - Email back the real estate agent asking if the rental increase to $750pw was meant to read $650pw. + +Option 2 - Email back the real estate agent requesting substantiation for a 25% increase. + +Does anyone have any other good suggestions? +OG post here : https://www.reddit.com/r/Superstonk/comments/n5m55i/naked_short_selling_and_owning_the_float + +A couple weeks ago I mentioned that I am writing a DD on naked short selling. I am still writing this DD, but part of my research I found an example of a company where the entire public float of a stock was purchased by one investor and what happened. + +I figured I would post this part now as my bigger DD is taking longer than I hoped and the more rabbit holes I go down the more and more information I keep adding....any way here is an excerpt of my short selling DD yet to be published: + +# What is Naked Short Selling? + +# In a naked short sale, the investor identifies a stock that is overvalued and likely to decline in price. + +Unlike a typical short sale, however, the investor then sells shares of that stock that he does not own or borrow and does not intend to own or borrow. + +Naked short-selling is “make believe short-selling. In the same way kids play doctor without the medical equipment, naked shorters sell unborrowed stocks, stocks that no one has borrowed and possibly never will.” + +How can an investor sell stock he does not possess? + +Enter the role of the Depository Trust & Clearing Corporation (“DTCC”), a financial services company that clears and settles securities trades and provides custody of securities. + +The DTCC processes most of the securities transactions in the United States, which amounted to over **$2.15 quadrillion (yes, thats 15 zeros!)** in 2019. + +The DTCC’s mission is to provide an efficient and safe mechanism for buyers and sellers to make their exchanges without the burden of exchanging paper certificates every time a stock is traded. + +The DTCC is not a regulatory body, however; instead it is overseen by the Securities and Exchange Commission (“SEC”). The SEC requires that investors complete, or settle, their securities transactions within three business days of the sale. If the seller does not deliver the stock certificates to the brokerage firm within this **“T+3” (trade date plus three days)** period, the DTCC issues a “fails to deliver” (“FTD”), which is the securities equivalent of an “IOU.” Although they are not perfect substitutes for real shares of the issuer’s stock, these FTDs have economic value to the buyer whose account is credited with a long position. + +The naked short sale takes advantage of a system that allows a transaction to occur, and all moneys to be paid, before delivery occurs. A stock sale can be processed and affect the share price, but **the delivery portion of the transaction may never occur**. + +Market players merely trade the FTD and in the short term, at least, the shares are not missed by anyone except, perhaps, the DTCC, which maintains records of delivery obligations. Meanwhile, broker-dealers and banks credit customer accounts prior to the delivery of the securities, which may never arrive. **The result is that a share of stock can be duplicated, sometimes multiple times, and can be owned by** ***multiple investors.*** + +# Why naked short sell? + +The shorties subscribe to the theory that it is much easier to make money tearing companies down than making money building them up and they fall into two general categories: + +1. They participate in the process of producing the counterfeit shares that are the currency of the fraud +2. They actively short and tear companies down. + +The counterfeiting of shares is done by participating prime brokers or the DTCC, which is owned by the prime brokers. + +The identity of the shorts can sometimes be elusive as the shorts obscure their true identity by hiding behind the prime brokers and hiding behind layers of offshore domiciled shell corporations. Frequently the money is laundered through banks in a number of tax haven countries before it finally reaches its ultimate beneficiary in New York, New Jersey, Chicago. + +Some of the hedge fund managers who are notorious shorters are very public about their shorting. + +I also found this snipet: + +>One short hedge fund that was particularly destructive was a shell company domiciled in Bermuda. Subpoenas revealed the Bermuda company was wholly owned by another shell company that was domiciled in another tax haven country. This process was five layers deep, and at the end of the subterfuge was a very well known American insurance company that cannot be disclosed because of court–ordered sealing of testimony. +Most of the large securities firms, insurance companies and multi–national companies have layers of offshore captives that avoid taxes, engage in activities that the company would not want to be publicly associated with, like stock manipulation; avoid U.S. regulatory and legal scrutiny; and become the closet for deals gone sour, like Enron. + +I might get into this in another post. + +# Wheres the proof of this?🚀🚀 + +Global Links Corporation is an example of how wholesale counterfeiting of shares will decimate a company's stock price. This leads us to the [Case of Robert Simpson’s Sock Drawer.](https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist) + +By early 2005 a company called Global Links Corporation stock price had dropped to a fraction of a cent. At that point, an investor, Robert Simpson, purchased 100%+ of Global Links' 1,158,209 issued and outstanding shares. He immediately took delivery of his shares and filed the appropriate [forms with the SEC](https://www.sec.gov/Archives/edgar/data/949728/000101540205000967/doc1.txt), disclosing he owned all of the company's stock. His total investment was $5205. The share price was $.00434. + +Simpson claims he placed all of the shares in his sock drawer and then watched as over sixty million Global Links shares traded OTC over the next two days, the equivalent of every share in his sock drawer changing hands **approximately sixty times**, a physical impossibility suggesting that the shares being traded were phantoms created by naked short sellers. [Bloomberg transcript on the matter.](https://www.sec.gov/comments/s7-08-08/s70808-145.htm) + +# My speculation + +I 100% believe that retail owns the float and then some. With GME consistently reported as the number 1 traded stock by nearly every broker in every country around the world it is my belief that retail own over 100m shares. I base this on there being 6m apes with 16 shares each. You think this is too many apes? How about 3m apes with 32 shares? Now that is realistic. Heck we could go to 1.5m apes with 64 shares. Just knowing how many I have and seeing what has been posted position wise, this average is not our of the realms of possibilities. I have no proof. This is just my educated guess based on the numbers that I can see. + +The shares we see trade now are created on the spot by MM to provide liquidity. And this is why the volume is so low. The HF know this and that every share sold now is one that needs to be covered, so they are doing their best to keep the volume down. + +TLDR - brrrrrrrr +Do you know what happens when a company transitions business models? Roles become redundant. + +GameStop has hired more than 600 staff this year. This is not a sign of a failing business, it is a sign of a changing business with new priorities. Don't let this get positioned as the end of GameStop, it's merely a change of focus. A change that we have all bought into. + +Oh and the CFO leaving? That shit happens all the time. It's business. Relax and trust in RC. +https://www.wsj.com/articles/some-wework-board-members-seek-to-remove-adam-neumann-as-ceo-11569171188 + + +By Maureen Farrell, +Liz Hoffman, +Eliot Brown and +David Benoit +Sept. 22, 2019 12:53 pm ET + +A bloc of WeWork directors is planning to push Adam Neumann to step down as chief executive after a tumultuous week in which his eccentric behavior and drug use came to light and the startup delayed its much-anticipated stock-market listing. + +A group including officials tied to SoftBank Group Corp. 9984 0.17% , the company’s largest investor, wants Mr. Neumann to relinquish his title of CEO of We Co., the parent of the office-sharing company, people familiar with the matter said. + +The board is expected to meet as soon as this week and potentially consider a proposal for Mr. Neumann to become We’s nonexecutive chairman, some of the people said. That would allow him to stay at the company he built into one of the country’s most valuable startups, but inject fresh leadership to pursue an IPO that would bring We the cash it needs to keep up its torrid growth. + +The company burned through more than $2 billion in 2018 and analysts have projected that on its current path We will run through what it has on hand sometime next year. + +Any attempted coup is a gamble: Mr. Neumann still has allies among the directors and the ability to fire the entire board thanks to shares he controls that carry extra votes. But SoftBank, which has invested more than $9 billion into the company and is represented on the board, has considerable influence too, and We needs the Japanese conglomerate to continue pumping in cash. + +It couldn’t be learned how all of the We directors—there are seven including Mr. Neumann—are aligned, and the situation is fluid. +Related + +SoftBank’s patience has been tested. Earlier this year, it bought shares of We at a $47 billion valuation, a level that now looks wildly overblown. As We prepared to list its shares earlier this month, the company’s expected valuation had fallen to roughly a third of that. + +Even at that discount, We was forced to shelve the offering as criticism mounted of the company’s governance and its financial losses—$1.6 billion last year, and growing—despite its rapid revenue growth. + +The Wall Street Journal reported last week that Mr. Neumann had taken marijuana on a flight from New York to Israel, prompting the jet’s owner to recall the plane. The revelation added to concerns over Mr. Neumann’s management style and transactions with the company that made him rich. + +We already had made governance changes meant to win over reluctant investors. On Sept. 13 it decreased the potency of Mr. Neumann’s supervoting shares—still leaving him firmly in control—as well as reducing his wife’s role in corporate matters and reversing his controversial sale to the company of a trademark of “We.” + +Some of SoftBank’s executives have long been wary of We’s soaring valuation and Mr. Neumann’s unusual behavior, even as they continued to give him money. SoftBank was expected to buy as much as $1 billion in stock in We’s initial public offering, a large portion of the roughly $3 billion it sought to raise from investors, people familiar with the matter said. That commitment wasn’t enough to keep the listing on track, though We has pledged to get it done this year. + +SoftBank CEO Masayoshi Son has long been a vocal advocate of We and Mr. Neumann, who, like him, is viewed by many as a visionary. Mr. Son told CNBC in March he still wanted to invest more in the company despite the misgivings of some of his own investors. SoftBank has invested in We directly and through the Vision Fund, a $100 billion pool it raised in 2017. + +The Vision Fund’s $4.4 billion investment in 2017 valued We at about $20 billion. When the fund’s biggest investors, a pair of Middle Eastern governments, balked last year at investing more, SoftBank itself stepped in, committing $4 billion at a $47 billion valuation. + +Mr. Neumann wouldn’t be the first startup founder forced out by controversy. Uber Technologies Inc. ’s Travis Kalanick was pushed out by his board in 2017 after the ride-hailing company was widely criticized for a chauvinistic and toxic work culture. Uber went public this spring with a new chief executive brought in from the outside. +That says it all really. I'm in my early 30s, earning £35k. I'm tired of living with flatmates (fine in my 20s, not so much now) and renting on my own would be horribly unaffordable and leave me with almost zero disposable income or ability to save. I don't really know what to do. Buying is currently a pipe dream as I can only borrow £150k on my salary. I'd basically need at least a £150k-£200k deposit to afford anything (a one bed in a so-so area) which is totally dependent on receiving inheritance ... which may or may not materialise in the near future. + +I can try to increase my salary of course, but even bumping up to £45-50k in my next role wouldn't make a whole lot of difference to this situation. + +My industry is pretty London-based, especially if I'm looking to progress. I like it here. Most of my friends are here. I'm single, so it's probably the place to be in order to meet people. But my living situation is starting to grate on me, and that's pretty fundamental. I'm not really sure what to do next. I don't want to move to the sleepy suburbs where I don't know anyone. One option would be to move to a Northern city where I have a few friends and commute down 2x a week (my work is hybrid) but I wonder if that would suck the life out of me (commuting) and impact my career prospects in the future. So I feel pretty lost right now. + +Edit: My job is in the creative industries. Yep, that's why. +Bit of background, i’m 40, my house is paid off, i work full time and have no kids. The issue is I gamble a lot, maybe 60% of my wages and am worried if I don’t have a plan I will squander it all. + +I’m probably going to spend £10k on a used car and decorating a few rooms. I fear having access to 75k will be bad for me. Is there anything not high risk I can do with the money that I can’t have quick access to? + +I have bad credit so can’t invest it in a rental property. + +I have been going to Gamblers Anonymous so am trying, just wanting to safeguard the money before it hits my bank. Thank In Advance. +On March 9th I posted a limit sell order, 20 to be exact. I looked at sofi's maximum allowance per trade, and at the time it was $2 million. So I listed 20 orders, 1 share each, for $2 million a share. + +SoFi called me a few months ago and asked me in no polite terms to remove those limit orders because "even if someone posts a ridiculous amount that won't ever sell, sofi has to keep that money available in case it does". + +So I've been forcing SoFi to hold on to 40 mil since March. The terms of their limit orders state that the order itself is good for a year, so I figured I'd run em until March of next year, 2022. Today I got an email stating my limit orders had been canceled. + +The exact wording they used in the email: "Limit orders can be canceled by our system for mulitple reasons like corporate actions, orders being placed too far through the market, or orders larger than $3.5 million. Please resubmit your order if you would still like to complete the transaction." + +Now, if I were to resubmit a limit order, they have new rules in place that throttle me to 300% maximum of the current ticker price, which would be around $450 instead of $2 million. + +So this may be completely off base since I snort crayons as a side hobby, but it looks to me as if sofi all of a sudden needed their liquidity back for something. And it also looks like I may be able to get those limit orders reinstated, but I'd have to find AND read the shit out of the original rules they had for limit orders. Maybe they could totally do this legally. Maybe not. Any wrinklebrains more than welcome to help figure that out. + +I'm not worried about not having those limit orders btw. Those were placed back when I had no clue how high this could actually go. I was hoping a computer would auto buy during MOASS from liquidation of SHF's and whoops, bought my 20 shares. Now, I'm fully aware that it can go much much higher, so I'm not fussed. + + +Tldr: sofi needed liquidity for something all of a sudden and canceled all my 2 million per share limit sell orders from back in March, which weren't supposed to be cancellable until March 2022. MOASS soon? 🚀🚀🚀🚀🚀 + + +Edit: bruh save these awards for someone worthy lol. I'm just out here doing dumb shit. Someone asked what the email looked like so I screenied the spam. They all came in one parent email, but was like 5 emails in a row, bang bang bang. Sofi order cancellation Dec 22, 2021 https://imgur.com/gallery/CrnXa71 + + +Edit 2))) Initially they only canceled the 2 mil orders. Now, they've sent out an entirely different email to me, canceling all of my other orders. I'm now completely orderless. The email reads: + +"We are reaching out to let you know that your aged limit order is being canceled.  What happened? +You have a sell limit order(s) that is more than 200 days old, and/or is placed at a limit price far beyond the current market price of the security in question. (Meaning your limit price is at least 25x the market price.) We are removing it from the system due to its age and/or price.  What do I need to do? +No action is required on your part. However, if you’d like to enter a new limit order you are more than welcome to do so by accessing your Active Invest account via the SoFi mobile app or website!  If you have any questions please don’t hesitate to give us a call, or chat with us through the mobile app or website.  Sincerely, +The SoFi Team " +I used to work for a small company making $16hr for an 80hr pay period. I left that company for a large company that offers health care, 401k, union, and pays $26hr but after my 84hr pay period I bring home the same amount as before. I work twice as hard as the last job while on a rotating 12hr shift as apposed to my old M-F 8hr shift. When I check my paystubs, it shows I'm paying 40% taxes now when I only payed 16% before. I was so excited and tried so hard to get this job but now I'm stressing out. I've adjusted my W-4 like many web pages suggest I do but nothing seems to help. So, I've turned to Reddit for some help or clarity. + + +Edit: My latest paystub (no personal info) + +https://ibb.co/2SrqLBK + +https://ibb.co/BTSxH1Z + +https://ibb.co/5jgsdsx +Currently getting mid sixties on CFAI 2 mock exams. Definitely feeling the pressure! Good luck to everyone this weekend! + +For all you lvl 1 candidates, I believe I scored 67% on the mock exam last June and passed. I felt way better about level 1 than I do for level 2 though... level two is very difficult; not the material as how they structure the questions. The questions can be incredibly confusing. +My girlfriend is ready for a ring, and I am basically there, but I am having a hard time wrapping my head around the financial aspects of everything that goes into sharing a life with someone. + +As of last month I no longer have any student loans/car payments/credit card debt, and have about 10k in savings, but my girlfriend has a little above 100k in debt mostly student loans, a car payment, and about 3k in credit card debt, with about 2k in savings + +I'm making around 90k per year, and my girlfriend is making 40ish, with very little chance of that going up + +Just the idea of me taking on her debt with marriage is daunting, but also how am I supposed to spend 5-10k on a ring, have a wedding with a fun reception, and then buy a house (currently renting with 1500ish rent/utilities per month). + +It seems impossible to save for things, and still enjoy life, am I missing something? + +EDIT: I think a lot of people are focusing on the cost of the ring i mentioned (and that very well may have been way to high, i was just going of some cursory google searches for averages), and i appreciate your input, but the real question is evening ignoring a ring, how is someone supposed to pay off that debt, eventually get a house/own a place, and not just hate life. +Hi all! One of my parents is looking for financial and retirement planning on a *modest* income. They've been told a few times that it's not worth working with them because their income isn't high enough. They are lower middle-class, so we're not looking for someone to negotiate government assistance but we're also not looking for a financial advisor who will only work with people with huge assets. + + What type of professional am I looking for, and do you have any advice on where to find them? + +More details: In short, one of my parents is looking to make financial decisions around retirement. They have a small 401K and are still working full-time. They're specifically considering selling the house and investing the profit but would like professional guidance on investing and planning living and retirement for the next 10+ years. They want guidance on making small amounts stretch. +We have 3 young kids and want to start saving for them, but also want to start saving for my own retirement. Do I go with a Solo 401k, Traditional IRA, Roth IRA? A 529 for each kid? I’m not sure how much I’d be able to contribute as we are using every penny right now, but I know we need to start soon! + +I (30F) have been self employed for the last 4 years making less than $45k/year through a government contract. I have been using all of my income for expenses (rent, daycare, essentials) since I usually have had little to pay the IRS when they take into account child credits and my husband’s regular job ($56k) where he gets a W2 and good benefits where he maxes out his 401k, HSA, FSA, etc. **edit: he makes a 5% contribution to his 401k for the max employer match. He pays 5k yearly to the FSA, and previously 5k yearly to a pretax childcare spend account. And the biggest expense is actually 12k yearly for medical, dental and vision health insurance. +Alrighy, i'm hodling just fine, but while looking at the charts this realisation just became very real for me. What is stopping the market from going back to a state that was merly 180 days ago? At that point it was already getting big. Not trying to FUD here ofc. just an honest question. Since it is not uncommon for prices in the traditional market go up and back down over a longer period of time. Talk some sense into me people. What do you think +So to preface, I’ll be starting grad school in august, I have about $80k of equity in ETFs/stocks, $30k in savings, and can probably save about another $40k by the time august/school comes. So in total about $150k liquid. + +School tuition is $45k/year x 4 years = $190k, cost of living will be about $33k/year so call it $132k after 4 years, so in total I have projected about $322k in expenses over the next 4 years. + +So now what would be the best way to tackle the projected expenses? I’m thinking I’d take out loans for tuition and live off my savings for cost of living and take out additional loans when that runs out AND not touch my $80k of investments, but I’m not sure if this is the best move. Should I drain all my $150k before touching loans? What are everyone’s thoughts? + +edit: this is for medical school and I am 26 +Lenders or anyone, help me understand how this funding works. This is something maybe I'd like to do too. + +married couple bought $988k house in my neighborhood in summer 2019. Took out a $741k mortgage on it. + +they got blueprints to tear down and build new 3800sf house, and broke ground this month. + +in sept 2020, they got another loan for $1.67M standard adj mortgage, presumably to cover the cost of construction and to pay off the mortgage from last year. This is not a construction loan as far as I can tell from the actual document. + +However, the loan terms state the original property can't be destroyed. [https://i.imgur.com/hkRwl8z.png](https://i.imgur.com/hkRwl8z.png) + +but they tore it down anyway. + +Based on public records, this couple owns another condo in LA that is worth $1.1M, which does not have any recent liens on it. + +&#x200B; + +How can they build this new house with this kind of funding? + +I remember ages ago when my parents thought about tearing down a house, the bank wouldn't let them because there was an outstanding mortgage on it. +What are your Top 5 hacks (for lack of a better word) to take advantage of. + +By this I mean what's something finance savvy people do that most non finance savvy people are oblivious to but would help them enormously through life? + +For example I've seen a lot about the FHSS recently in this sub, also claiming tax deductions on personal super contributions. + +What makes your "must do" lists? +Hi all, + +27M, 750k NW. I live in a HCOL area and earn 500-600k annually (W-2) annually and spending around 110k annually including a house rent. I recently stumbled on the fatfire community and have been trying to figure out how to budget for kids in my FatFire plans. I have two on the way and expect to have one or two more in the future. I'd like to be FATFire by the time I hit 40... + +How do you adjust your FATFire plan when expecting kids (college, budgets, etc)? + + +EDIT: Need to clarify some points +**Income:** + +me: 500k 200k base, 300k RSU/bonus. Yes, this is my target and I worked as a SW manager in a medium sized public company and I worked there for 6 years now. +spouse: 100k base in biotech company + + +Yes, we are having twins. Spouse has aspirations of a big family + + +**Current Budget:** +4500 - House + utilities (Rent 3 bedroom in decent school district) +228 for family PPO plan +325/month health expenses (max out of pocket for in network) +850/month groceries +10,000 /year travel budget +5000/year donations +Total budget \~8500/month including other variousexpenses. rounded up to \~9200 monthly to 110k + + +2 paid off new cars including brand new odyssey van (for lugging children around) + + +**Child care plan:** +Plan is to be in public schools. considering private for high school if we end up not buying something in a better school district. + + +**Investment plan for kids:** +I've been looking at 529 plans but haven't started much. I mostly invest all my leftover savings as long as I keep a 12 month emergency fund +Hello community, + +Most books / posts I've read recommend the US S&P500 index fund (or its close equivalent VOO) and that makes me wonder, could any other countries potentially challenge America's position in the long-term? I am thinking the answer is no because: + +* Military might from the US Navy/Army and geography - it is almost impossible to launch an invasion against the American continent +* Big-tech dominance in FAANG; financial services dominance in bulge bracket banks; consumer goods e.g. JNJ, KO + +I simply cannot imagine Europe, China, or other markets over-taking the US in the long term - Europe due to it geo-political risks; China due to its own political risks; India, and Africa due to climate change. +Hi, I am searching for your opinion on investing around 950€ in ETFs. + +My monthly savings plan looks the following (broker Traderepublic): + +IShares Core S&P 500 (Dist) 15% — TER 0.07% +xTrackers MSCI EM (Dist) 21% — TER 0.18% +IShares MSCI Europe (Dist) 11% —TER 0.12% +xTrackers MSCI World (Dist) 53% — TER 0.19% + +What is your opinion on overweighting the US market with the S&P 500 index? + +Location: Austria +Goal: assets for retirement (age 23) +Risk profil: growth oriented (so medium risk) and volatility would be no problem because of my investment horizon +Hello, + +I am pretty much new to investing. +I am 19 yo, live in Portugal, college student and I currently have some money sitting at the bank. I was looking to start my investment journey by investing in VWCE. +The problem is, it has gone up 30% this year. I have seen some news/people talk about that there might be a crash on the market soon so I am quite reluctant on going for VWCE right now. By being an index fund will the fall be easier? Should I start investing now or should I wait for it to go down? +Thanks in advance! +I’m a 31yo male. Have grinded like fuck for 5 years and currently have $2.8m in cash + $2m house through profits from my production company. No debt. + +The production company will be on track for $10m in annual revenue by next year. It should generate between $3m-$3.5m in profit. I own half the company, so that’s $1.5m-1.75m per year before tax. I am confident we can grow the company between 10-20% annually for the next 2-3 years. + +This might all sound great, but I am really conflicted on a number of issues and am at a bit of a crossroads in my life: + +\- Tech Envy: this will sound shallow but screw it. I am extremely envious of some of the multiples that tech entrepreneurs get. I’ve watched two people ‘professionally-close’ to me found unicorns, and there are times where I honestly feel dumb that I’m doing the same thing that I was a few years ago, and they’ve gone and 10x’d their wealth by virtue of just being in a higher-leverage game. I know it’s all funny money until their company is either acquired or taken public, but it’s still something I feel insecure about for some reason. I think it has something to do with this next point: + +\- Little Leverage: professional services are really tough to scale. We have to ‘bake the bread’ for each new client, and whilst I like the work, there’s a lot of moving parts. By comparison, I feel like the compounding advantages that tech companies get are magical. I see leverage almost like forbidden fruit. Once you become aware of how it works, it’s incredibly difficult to resist the temptation to pursue it. It becomes a force multiplier on your time, effort and life's work. + +\- Time-poor: I have very little free time. 11-12hr work days are normal. + +I am at a crossroads: do I sell my production company (what i am good at + what i studied in college) so I have the freedom to take a shot at building a tech company and be 100% locked in on that? + +If it was you, would you block out the noise and make the next 5-10 years about cashflow? Or would you swing for the fences with a VC-backed startup? + +P.s - I know there is an in-between if I put in CEO/operator to run the company, and have considered this. That said, I am a very 'all-in' type person. I prefer laser focus, and I don't really like being spread across multiple businesses or projects at the same time. +So wondering how many people would feel confident holding O as 5-10% of a portfolio for the next 25 years or so? + +I hold all dividend Growth ETF’s and O is my only individual holding as I wanted have a reit in the mix since none of the ETFs hold any. I feel pretty confident there not going anywhere anytime soon and they’re dividend should be safe for years to come. +Can't really go into depth more than that. I'm wondering other peoples thoughts here about how long it'll keep up. Last big crash of INRG was back in 2008, with the low being held in 2012 at under £3, since then up until 2019 it's been fluctuating between £3 - £4 sometimes popping above, post 2019 it was steadily increasing, until of course the lockdown crash and then since its more than doubled. I reckon it's people wanting to invest into clean(er) energy after realising the Earth may be on its last legs after all the non renewable usage and now covid. What do you guys think? (Not asking for investment advice, just want to see other peoples opinion on it) + +I'm currently up 10% on it and I would be lying if I didn't say it was pulling the absolute most weight in my portfolio. At this rate it might even hit £10 per before the end of next week, 2 weeks max. +Hey All + +I am ditching FreeTrade, their app isn't up to scratch still and the whole FT+ stuff where they're putting key features such as stop losses behind a pay wall, feels all bit too much. + +I have been looking at the alternative T212, but I have also been looking at HL to buy ETFs as they only charge the 0.45% fee yearly on a SS ISA. However they still charge a £12 fee for buying and selling equities. + +I guess the question is, how many people feel confident putting quite a bit of money £10k + into something like T212. My plan would of been equities in T212 Invest platform then ETFs in HL SS ISA. Ideally I want to use one platform. + +How many people here use T212 for everything and what are your folio sizes (if you mind sharing) + +I guess anything FCA regulated is fine up to 85k though, so does it matter? + +Thoughts? +In April I started working for a new company, a retail bank, as a personal banker. Every paycheck would be around $1400. I moved into a one bedroom apartment where the rent was $1300. Since this was less than one paycheck, it seemed great, especially since this is a great and safe area to live in. I was promised quarterly bonuses of $8000. While I didn't factor those in, I was looking forward to something in that area. I was saving $100 a week, and things were going great. + + I also have a monthly expense of $240 to pay for a medical procedure I got done this year. I'll be paying that off for quite some time. + +Plus there are utility bills, which come out to around $150/month. + +Fast forward to today, turns out most of my pay was due to overtime. They hired extra help, and everyone got 40 hours flat. Now my paychecks are in the $900 range. + +My quarterly bonuses, try as I might, are in the $200 range. + +Not to mention I owe my sister $1100. She lent it to me at a repayment rate of $100/week so that I could pay off my roommate's security deposit. (I had to kick my roomate out for threatening to rape my girlfriend). + +All month I've been using my credit card for everything I do, because rent money comes first and I couldn't take from that. I now owe about $700 on the card. I am planning to take the credit loss and repay the minimal amount every month until that cc debt is paid off. + +Ultimately it seems like I bit off more than I can chew. My boss told me that this was a good idea because if I am hungry I will be more motivated to make more money. While at the same time cutting my overtime. + +What can I do? Please help me. How can I make more money? Are there cool side jobs that you guys know of? Any ways to make some extra money? Or save money? I don't spend money on myself, all month I've been in an empty apartment because I can't even afford to buy cheap furniture. + +RC: I have reason to believe that $GME has been majorly shorted. I suspect that if I can turn the company around, it will initiate a major short squeeze. I'd like for it to benefit everyone on this side of the trade. I don't want anyone left out, shareholders, executives, the company at large, or the company's employees. I figured I'd come ask the man himself on how that can be done. + +CI: That's great. Well obviously you'll need to own a major stake for yourself. You need that level of control. + +RC: Already done. My shares are locked away in RC Ventures so they can't be loaned out. + +CI: You'll need board support. And they'll need to be on board for the long haul. + +RC: The board has been purged and restructured. Those that are not on for the long haul have been removed. Currently our inside investors hold 18% of the company. + +CI: You'll need to solidify your business model. Make it air tight, no outside forces contaminating you or hamstringing you. + +RC: We've added two major distribution centers and are working with contractors to ensure more rapid delivery pace. We don't need to as almost all of our inventory is non-perishable, but we are trying to increase customer satisfaction. Also we have a decentralized market platform which allows us to sell digitized assets and can be adapted for real world sales. + +CI: Wow! Seems like you've done about everything you can. The only thing left to do is find allies at the DTCC. They'll need to be on board because you'll be effectively liquidating one of their members. The majority share position will always be held with them. If you can show them you can play nice... + +RC: I intend to liquidate the DTCC. + +CI: HAHA! Very funny. The DTCC will simply exercise their rights as major shareholders. You and your allies will be voted off your board and the company will be cannibalized and bankrupted at the same time. + +RC: The DTCC doesn't have the votes to do that. There is horde of retail investors that are in on this play. + +CI: I know you think that, but retail can only pull their shares through Direct Registration.... Unless they've all set up holding companies or gained brokerage licenses. Doubtful. How much could they have direct registered 5... 10 million shares? + +RC: 28.... + +CI: WOW! 28 million is a good start. But $GME has 300 million shares... + +RC: percent of the company. + +CI: ... + +RC: ... + +CI: ^(Holy Fuck! You're gonna liquidate the DTCC) +My wife and I (both early 50’s) have roughly $100k sitting in an internet savings account. Our retirement accounts are on track for our goals, our emergency savings is what it should be, we have no debt minus a mortgage (roughly 100k owed at a low interest rate), we just purchased $20k in I bonds. We are considering a second home and are looking to sock this 100k away until the housing market normalizes and interest rates drop. Should we just leave this 100k where it is or do something else? + +Update: crypto bros, please don’t bother DM-ing me. I’m good, thanks. +I am a 22M and have just realized how badly I've been screwing myself eating out every day B/L/D + +I've know for awhile now that I'd be much better off cooking at home but hadn't ever really bothered to figure out how much it was costing me. I now realize that I spend more on food a month than I do on rent and I've now racked up $2200 in credit card debt that's just added up a little bit at a time. I used to spend a check on rent and a check paying off the card but my habit has gotten to the point where a paycheck no longer covers it. + +I've always known eating out was killing me physically. Now that I know that it's killing me fiscally its been eating at my mind killing me mentally. + +I'm at a loss on what to do to kill this habit and stop spending money. I need to get rid of that debt before something bad happens. + +Update/Edit: + +I've gotten a ton of really good recommendations from you all and I genuinely appreciate the support, kind words, and advise given. + +I've installed Mint and have set a budget for $100 for eating out for the month. +I will be going to the grocery store tonight to pick up: +* x1 Gallon of Milk +* x1 Box of Raisin Bran Crunch +* x1 Carton of Eggs +* x1 Package of Cheese sticks +* x1 5 piece package of chicken breasts +* x5 packages of various veggies +* x2 packages of salad mix +* x1 form of beef like thing + +I'll post an update in a week or so to let you know how it went. With any luck I'll save some money and maybe drop some of those fast-food-pounds. + +Thanks again! +##**INTRODUCTION**## + +Alright apes, it's time for part 3 in my "grow some options wrinkles" series. If you haven't read them yet, go read [Part 1](https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/) and [Part 2](https://www.reddit.com/r/Superstonk/comments/qz0oy6/apes_guide_to_options_part_2_the_search_for_more/). Please read Part 1 and 2 if you haven't already. Important topics like IV and theta were covered there that are extremely important. + +As I said in Part 1, this is NOT financial advice. I am NOT telling anyone to buy GME options, just trying to educate apes so they can make their own independent financial decisions. + +If you think you're too smooth to understand this stuff, I promise that you're not. It's really not that hard. If you don't get it, ask questions to those of us who do. Paper trade until you feel comfortable and are making good plays consistently and get a feel for it. + +**DRS is the way**. Options and DRS are not mutually exclusive. The shills try and make this some false dichotomy, but no such conflict exists. The goal of using options is to gain leverage, make money, and get more GME shares to DRS. I was recently able to buy an extra 1000 shares due to some recent options moves I made prior to the recent spike after the WSJ article the other day (yes I'm aware the WSJ article didn't cause the spike, this was just a quick/easy way to name this event so everyone knew what I was talking about). + +##**Table of Contents / TLDR**## +Here's a TLDR/Table of Contents for this post: +- Do not buy OTM calls. +- Do not buy calls that expire soon. Go at least 60-90 days out or more. +- Do not buy calls when the stock price or IV is high. Buy them when price and IV are low. +- Ignore FUD. Apes stronger together. Knowledge is power. +- Learn to use u/yelyah2's charts to visualize floors and ceilings. +- Do consider using spreads to mitigate risk, reduce costs, and gain leverage + +**Quick Smooth Brain Review of the Basics** + +- Buy calls only when GME price is low and expected to go up. + +- Only buy ITM calls. + +- Only buy longer dated calls. Right now, I am personally looking at dates like April or June or later. + +- As a general rule, DO NOT buy OTM calls, or weeklies that expire like next week. These are basically lottery tickets and you're probably going to lose. + +##**LET'S DISPEL SOME FUD**## + +**FUD #1: If you buy options Kenny is just going to keep your premium** + +I see this one talked about a lot. Does Kenny sell some calls to apes? Probably. But so do lots of other traders. Good money can be made selling bad idea GME calls, so lots of traders sell GME calls and happily take your premiums. It's is far more likely that your premium is being taken by some dude on the autist sub than by Kenny. This is why you educate yourself, so you don't make dumb plays that lose your money. + +**FUD #2: If you buy ITM options, they'll just drop the price** + +This one is sneaky, because there is a kernel of truth to it. Can they drop the price? Sure. Do they have infinite ability to drop the price? NOOOOO. If they did, we'd be "back to $20 fast" as u/criand likes to say. What are their limits? It's hard to know for CERTAIN, but this is why we buy when the price is LOW, and it is why we buy LONGER dated options. IF they drop it, it gives us time to recover and spike up again. How low CAN they drop it? We'll try to answer this question in this installment. + +**FUD #3: u/digitlnoize is a shill and wants to take your money** + +No, I don't. Anyone suspicious of me is welcome to check my post and comment history. You'll see that I've been involved in this movement since the events of January 2021 and regularly posting since the days on the first sub and every ape migration since. I don't want ANYONE to do anything they're uncomfortable with, or ANY APE to lose money at all. Apes stronger together. Knowledge is power. I want apes to educate themselves and not to mess with options until they understand them, but to also not stop learning UNTIL they understand them. If you think you're too smooth to understand them, I promise that you're not. They're really not rocket science. Buy low, sell high basically. Paper trade until you're winning consistently. + +**FUD #3.1: u/digitlnoize is PUSHING apes to buy options. Why the URGENCY?** + +I am NOT "pushing" anyone to DO anything but educate themselves. There is no urgency or call to action here. I am not recommending anyone rush out and YOLO into FD calls Monday morning. That is NOT the way. I only want apes to educate themselves to they can make THEIR OWN educated, and informed decisions, and this is just a primer to start people down that road of a more robust options education. I am NOT suggesting anyone buy anything right now. Merely that apes learn more about options, both so they can make GME related decisions, and to have more financial knowledge. Knowledge is power. + +**FUD #3.2: u/digitlnoize is giving apes just enough knowledge to be dangerous.** + +I've gotten this one a few times today too from shills. I am not suggesting that the knowledge presented in this series is all you need to go start trading options. This is merely meant as a primer to hopefully help some apes start learning more about options. Everyone has different learning styles. Some people learn well from reading textbooks or watching dry technical YouTube videos. I am not one of those people, and I know many apes aren't either. My posts are written for apes who learn better from talking things out in simple, plain language, without getting over technical, and using hands on examples to illustrate concepts. I've received many comments from apes saying my posts helped them form a new wrinkle, which is all I am looking to do here. If you don't learn this way, then ignore my posts and go learn another way, but also realize than some people are finding this learning style helpful as a primer and recognize that learning this way, as a community talking things out in real time, is helpful to some people. + +**FUD #4: If you buy calls Kenny is going to use those calls somehow to manipulate the price.** + +If you've been doing your homework, then you know about variance hedging. See the excellent DD from my good friend u/zinko83 and u/mauerastronaut if you're not up to speed on this. + +Currently almost all the options volume on GME is the SHF's variance hedging portfolio. As long as apes ignore options it actually HELPS Kenny hedge more accurately. The variance hedging strategy works much better if/when the options activity is predicable. Kenny isn't taking your calls and dropping the price. In fact, all available data shows that more call buying pushes the price up. If anyone can show data showing the opposite I'm happy to see it, but I've posted white papers in the past showing clearly that modern markets are driven by options volume. + +**FUD #5: Options are useless unless you have the cash to exercise** + +This simply isn't true. First, you can do a cashless exercise, selling some options or exercised shares to cover the cost of the exercise. Or, you can sell the option for a profit, then use the profits to buy shares to DRS. Options are useful because they give you LEVERAGE. They multiple your purchasing power, which is hugely helpful when you don't have a lot of it. + +##**HOW LOW CAN WE GO**## + +Alright apes, are you ready to have your mind blown? We have a secret weapon and it's u/yelyah2. Some of you may have seen Yelyah's excellent posts and amazing graphs. I'm gonna smooth brain these things down for you because they are freaking awesome. I won't claim to understand these at the level Yelyah or others do, but this is my smooth brained ape-speak interpretation. Note that this is only my own thought process, and I am illustrating here to give an example of how I think about ITM vs OTM vs a "true floor." I do not mean anyone to take this as me "trying to predict price action", merely my own thought process when I'm thinking about strikes and what might be safely ITM or not TO ME. You may have your own method of finding floors. This is beyond the scope of this introductory talk. Still, I think the exercise is illustrative, and I think time will prove it roughly correct, though by no means a crystal ball. + +Here you can find Yelyah's most recent post explaining her work in a more formal manner: https://www.reddit.com/r/Superstonk/comments/rxtqpg/gme_delta_neutral_update_hedgies_r_fd/ + +Take a look at this beautiful picture: https://preview.redd.it/r7dv5rpwn5a81.png?width=1421&format=png&auto=webp&s=c613f6147d83db9ab69844a734ff3efa4bd4f372 + +The blue line is the GME price. See see grey and yellow lines? Those are two different calculations of "Delta Neutral". Delta Neutral, or DN for short, basically acts as a floor for most stocks. A lot of stocks will pick one DN or the other to be their floor, but other stocks will do what GME does. Basically one DN tends to be the floor but sometimes it can drop to the lower DN. + +Take a look at the price after the June spike. As we start heading down we hit the grey DN line and ride sideways briefly until they were able to break through that resistance and drop us down the the yellow DN in August. Then look what happened? We bounced back up. + +We bounced off the yellow DN again in December too. They seem to have some ability to pull us a tiny bit below the DN, but the few times this have happened have been very short-lived and, dare I say, *transitory*. + +By the same token, then RED LINE (gamma maximum) tends to act as an upper resistance on the price. If you follow the graph, you can see multiple times when we've bounced off the red line. + +The GREEN LINE (delta change) tells us when we might expect an upcoming price spike. As you can see, it's been going ape shit lately. It's a bit unpredictable as to "when" but green spikes tend to precede price spikes. + +So, how low can we go? It's hard to predict, and I don't claim to be 100% accurate, but all data I see suggests that the recent low of $120-ish may very well be the floor, and we *should* hopefully be headed upward in the coming weeks/months. So I am personally considering options in the $100-130 maybe $140 price range. I'm not suggesting this is what all apes should do, and am not predicting any specific price action. Merely trying to illustrate how I think about it myself, for whatever that is worth. + +##**I CAN'T AFFORD OPTIONS**## + +This is a big problem for a lot of apes. First off, if you can't afford them, it's ok. You can leave it to those who can. Or wait until you can afford them. That being said, if you need some help affording options plays, there are ways to mitigate this if it is a concern for you. Again, I am NOT suggesting anyone DO anything. Merely informing people that these sort of things are possibilities, because they also help illustrate some important options concepts. + +Please allow me to introduce you to the concept of SPREADS. A spread is basically when you take two different options positions at once. + +- Price Spreads: You can do spreads by price, like buying $100 calls, $120 calls, and $140 calls all for the same date. + +- Calendar Spreads: You can do spreads by date, buying $120 calls for April, June, and Jan 2023. + +- Bull Call Spreads: You can BUY a lower strike call and SELL a higher strike call to offset the cost. + +- Combo spreads: You can buy a lower strike call for April and sell a higher strike call for Jan 2023. + +(You can also do all these with puts of course). + +Let's look at what this does to an ape's cost. Let's say that you want to buy some $120 calls for April. Current cost is just under **$4k**. What if you also sell a $180 call for April along with it? This lowers the cost to just under **$2k**. This does put a cap on your profits (see optionstrat.com if you need a graph to visualize it), but it still nets you a ton of profit off the bought call that you can use to get more shares. + +**100+ Share Club Options** + +What if you own at least 100 shares? You can sell covered calls against those shares and use that money to buy more shares or calls (or spreads). The absolute best time to sell calls is at a peak on the way down (as I suggested to do in November on our way down from $250), but if you need the leverage, you can sell calls now and use that money to buy the dip (calls or shares). The sold call isn't as profitable as it would be otherwise, but if you use the money from the sold call wisely it can pay off. + +For example, I recently sold a few covered calls against my shares for Jan 2024 at $510. For this, I received a premium of over $3k/call, but would have to sell 100 shares for $510 if it goes over $510 before Jan 2024 (unless I've bought the call back before then on a dip). But in the meantime, I used that premium to buy shorter dated calls, which I sold at open after the WSJ article for a huge profit. Neat huh? Why not just DRS those shares, rather than sell covered calls? DRS-ing is important of course, but I choose to use a few shares to give me options options, so I can get MORE shares to DRS. Leverage is a magical tool. + +##**EDIT 1: BROKERS**## + +Check with your brokers on how exercising works before you proceed with any of this. Some brokers will let you "cashless exercise" where you use other calls or shares to cover the cost of exercising ITM calls. Other brokers (Fidelity cough cough) make you freaking CALL THEM ON THE PHONE to exercise. So it varies. Check with your brokers and get familiar with the process via paper trading, training videos, or trying it out in small amounts of other cheaper stocks before doing it with GME. + +##**EDIT 2: Other Resources**## + +As I've said many times, this is meant to be nothing more than a basic primer/introduction for beginners in ape/speak. This is not meant to be an exhaustive guide or to make anyone an expert on options. This is also NOT a call to go trade options NOW. Merely to educate yourselves so you can consider whether these moves might be right for you at some point. There are many, many other more in-depth resources out there if you want more information. + +- The options sub (which I won't link due to brigading rules) has a wealth of information and a good sidebar with lots of info and links. + +- Most brokers have introductory courses on options. Including [TDA](https://www.wiley.com/en-us/Positional+Option+Trading%3A+An+Advanced+Guide-p-9781119583530), [Fidelity](https://www.fidelity.com/options-trading/start-trading-options), and I'm sure many brokers have something similar. + +- The TDA trading platform www.thinkorswim.com has a great paper trading mode that can let you practice without any actual money at risk to build your skills. + +- This book, Positional Options Trading, is a great guide to more advanced info: https://www.wiley.com/en-us/Positional+Option+Trading%3A+An+Advanced+Guide-p-9781119583530 + +If anyone has other great resources, send them to me and I'll link them here. + +##**EDIT 3: You can exercise OTM calls**## + +The super helpful u/udoshi notes the following: "Please keep in mind that you CAN exercise out of the money options! Your broker just won't do it automatically for you" For example: You have a call option at $154 and the stock closes at 153. The option would expire worthless, but you don't want your broker to exercise it and keep the shares for themselves. You would pay an extra dollar per share ($15,400 - plus the option premium in the first place) to do so." + +##**EDIT 4: MARGIN?**## + +An ape in the comments pointed out that at least some brokers might not let you trade options unless you're on a margin account. I'm not sure if this is entirely true across all brokers, or only some, or if it's possible to trade on cash accounts but it's just typically done on margin, or what. Regardless, apes should check with their brokers on this to be sure if they're worried about margin accounts. Also, if you DO want a margin account for options, you can simply have shares in a cash account, and use a separate margin account for options. I don't see this as a big deal personally, but some might, so I wanted to mention it to avoid any confusion or mistakes. CHECK WITH YOUR OWN INDIVIDUAL BROKER. + +##**EDIT 5: Cashless Exercise**## +I have received word that Fidelity at least doesn’t allow cashless exercise. I know from personal experience that you need to call Fidelity (yeah, on the telephone!) to exercise period. As far as exercising calls goes, always check with your broker first, before you even begin trading options. My understanding is that this varies by broker, and I don’t know the rules for every broker. + +##**TLDR**## +- Do not buy OTM calls. +- Do not buy calls that expire soon. Go at least 60-90 days out or more. +- Do not buy calls when the stock price or IV is high. Buy them when price and IV are low. +- Ignore FUD. Apes stronger together. Knowledge is power. +- Learn to use u/yelyah2's charts to better visualize floors and ceilings. +- Know that spreads can be used when appropriate to mitigate risk, reduce costs, and gain leverage +- Check with your broker for any specifics to how they handle things like exercising options, margin accounts, etc. +I’ve been investing a little more than a year and I do all my investing in my TFSA. My portfolio consists of 90% S&P and 10% in some speculative stocks. I don’t plan on pulling from my investments for at least 20 years and from what I understand nobody has ever been invested in the S&P500 for 20 years or more and not made gains. Is it really that risky to allocate most of my money into this index? +You should book 1 lakh in Long term capital gains on equity or equity mutual funds every year. Why? + +Because the first INR 1 lakh in capital gains is considered exempt. Any LTCG (on equity) above INR 1 lakh will be taxed at 10% (plus surcharge and cess). + +**Long Term Capital Gains** + +If your **Indian** equity shares/ mutual funds are held for more than 1 year, they are considered a long term capital asset. + +LTCG on sale of these securities is taxed at 10% (plus surcharge and cess). Note: No indexation is allowed here. + +However, like we discussed above, the first 1 lakh in LTCG on equity is exempt from tax. + +**Debt mutual funds/ US stocks?** + +Before you ask, this 1 lakh exemption applies only to Indian equity shares/ equity mutual funds. Debt mutual funds or US stocks (or other foreign stocks) are not covered here. + +More on tax on US stocks here. And here’s the tax on all securities (including debt funds). + +**Devil in the detail - Zero rated not exempt** + +We’ve been saying that LTCG on equity is exempt upto INR 1 lakh. That is not actually 100% true – the first 1 lakh is actually taxed at a **zero rate**. + +Why is this relevant you ask? Doesn’t zero rate mean no tax? You’d be right – except in the below scenario**.** + +**Example:** + +**Mr. Ash has taxable salary of INR 4 lakh and income from other sources (interest on FD and savings account) of INR 80k. Mr. Ash is smart. He knows that he pays no tax if his income is less than INR 5 lakh. His friend told him that he can book LTCG of upto INR 1 lakh and pay no tax on this too. Since it is “exempt income”. He went ahead and sold his index fund and booked a profit of INR 1 lakh.** + +This is where tax planning goes for a toss. + +Mr. Ash’s taxable income will be calculated as under: + +Taxable Salary - INR 4,00,000 + +Other sources - INR 80,000 + +LTCG on Equity - INR 1,00,000 + +Total income - INR 5,80,000 + + +Notice that his total income has exceeded INR 5 lakh. This means he will not get the rebate under Section 87A. + +Here’s how his tax will be calculated: + +Tax on LTCG at 0% - 0 + +Tax on other Income (Slab rates) - 11,500 + +**Unfortunately, booking the 1 lakh in LTCG on equity has caused a tax liability of INR 11,500 (plus cess). Mr. Ash would’ve been better off not booking the capital gains at all.** + +&#x200B; + +**Devil in the detail - Loss adjusted before exemption** + +There’s another devil in the detail that you should remember before tax planning for harvesting your INR 1 lakh limit. + +Say you have a brought forward loss of INR 50,000 from FY 2020-21. You decide to book INR 1 lakh in LTCG on equity to use your tax-free limit. + +**The gains are first adjusted against brought forward losses**. This means that in order to efficiently use your 1 lakh limit, you should book INR 1.5 lakh in profits. +This takes forward the argument of an earlier [thread](http://www.reddit.com/r/worldnews/comments/c3hzt/greece_must_leave_the_euro_people_are_not_seeing/), which essentially said that Greece cannot grow within the EMU. It must default/restructure and re-issue the drachma. Saying, "Oh, too difficult!" is not good enough. The costs of exit are vastly outweighed by the costs of staying on the euro. Crying, "But the markets will never lend to Greece again!" is also rubbish. Markets have a short-term memory, and in fact Greece as a sovereign borrower will be *more* attractive post-default (because of a lighter debt load). A good example in recent memory is Argentina. When the situation turned adverse (Asia crisis, 1997), everyone told it to keep to the currency board (i.e. 1-for-1 peg to USD). It did so for four painful years, suffering contracting GDP. Finally, at end-2001, it devalued and defaulted. Growth rocketed to 7.5% and stayed there till the recent global downturn. + +Another precedent for the Greek tragedy is the Great Depression. The point of my original thread was that the medicine being prescribed during the Depression was austerity. And countries took it to varying degrees. What I want to do now is lay out the pathways from this point forward, if we take 1931 as a precedent. + +Why 1931? Because the fit is uncanny. The global business cycle peaked in 1928, three years before 1931. Likewise, the cyclical peak this time was three years ago: 2007. As the cycle turns down, the weakest links start to go 'pop'. This time, Dubai comes to mind, but I'm sure I'm overlooking some others. In the 1929+ downturn, it was the agricultural exporters: Australia, Argentina, and others in Latin America. But it didn't end there. The crisis moved closer to the 'core' of the world economy, with the common denominator being net debtor status. This is where continental Europe came into the firing line, and it is where Club Med enters today. + +(I AM SKIPPING OVER VAST SWATHES OF THE STORY, YES. These might be worth coming back to later.) + +At May 1931 the world stood on the precipice. By the end of the year, the global economy had taken the key steps toward splitting into three distinct groups. The choices were: + +* stay the course (keep on the gold standard, but with tariffs) +* retreat to autarky (government authorisation for any trade transaction) +* devalue (introduce tariffs but still remain part of the open world trade system) + +Those who chose the first option were the ones who could *afford* to. They were net creditors and were basically quite competitive at the exchange rates prevailing on the cusp of the Great Depression. This was France, Netherlands, Switzerland and a few others, and was known as the 'gold bloc'. + +The ones which suffered the biggest political upheavals in the course of austerity (Germany, Hungary, and others) chose the autarky path. They were also net debtors and imposed capital controls in part to marshal all available foreign exchange for the repayment of sovereign debt. + +The rest -- a mixture of creditors and debtors -- left the gold standard, which means they devalued. The defaults were mostly of the form of paying you back in a depreciated currency, rather than violating the coupon or principle or schedule. + +* Group 3 performed the best during the rest of the decade. Group 1 performed the worst -- their currency was increasingly overvalued with time and their economies uncompetitive. Germany (in Group 2) grew strongly. What Group 2 and 3 had in common was leaving the gold standard; Group 3 stayed plugged into the world economy, Group 2 unplugged. +* If this story is anything to go by, Club Med are not going to follow the gold bloc route. They can't afford it. Only Germany and Northern Europe can do that. And they well might, which is bad news for them and for us. Club Med and the Eastern accession members of the EU have to choose between the Autarky and Tariff routes. +* The devaluations during the Great Depression were an aid to growth. However, what really got the global economy going again was the USA devaluation 1933 and resolute German expansion (also 1933). The Gold Bloc finally joined the party with devaluations in 1935-36, but too tentatively and anyway too late: The US again staged a horrific downturn, when Congress tightened the fiscal position by 2.5 percentage points of GDP, the Fed twice increased the reserve ratio, and the Treasury sterilised gold inflows. +* Interestingly: the countries which had devalued around 1931 (some earlier, some later) had by this time (1937) built up such huge reserves that they could ride out the US recession by spending down those reserves -- no resort to austerity (and almost no devaluations). + +EDIT: +Just a quick caution against hysteria. Yes, the issue is important. But the point is to wake people up to (what I see as) the "right" course of action. I do not subscribe to any kind of fatalism about history. What I want is for the EU to do the right thing, which is to help Greece and any other incongruous members of EMU to leave the monetary union, but stay in the EU. I want debt forgiveness instead of moral grandstanding. People accusing Greeks of being lazy/corrupt/freespending might be living in glass houses. The country was treated to the mother of all credit booms. And guess what: politicians rode that boom like there was no tomorrow. Of course it was a house of cards. Can you think of any other credit booms which were exploited by politicians? +She wouldn't purchase it when it was $80 pre-split though but she's buying today. + +This is not a stupid person. She's an attorney. + +I even did the math for her and told her the price is still around $133 pre-split but she just shrugged. + +My point is that I think this split stuff works psychologically. People automatically think the stock is cheaper because the dollar price is lower. + +I'm having a hard time believing that she's not joking around. +The title speaks for itself. +Since the introduction of the LISA 5 years back, house prices have risen ~30%, and inflation has been ~10%. In some parts of the UK the house price growth has been even more severe. Did the government just not forsee this level of growth? Or is it time they upped this property purchase cap? + +I personally think the limit does need increasing, or should at least be tied to inflation. I didn't like the Help to Buy ISA which used to seperate out London from the rest of the UK as this seemed somewhat unfair, so perhaps this needs addressing at a national level. +I live in the South East, and £450k gave you a lot more purchasing power 5 years ago than it does today. Of course that's expected, but the level of house price growth we've seen since then has made this sting even more. + +Interested to hear your thoughts. +Over the course of our lives, as we earn more income, it is likely that we spend some of that to become happier. That said, lifestyle creep is a real thing. I find that being mindful of the cost relative to how much better my life is with it is key. + +What are some lifestyle creeps that are the best bang for your buck? Stuff that would be hard to go back without, but is relatively cheap or incredibly valuable for the price it costs. + +Personal Examples: + +* Netflix - I find using a computer for most of my content will work fine, but if I'm in a discovery/browsing mood Netflix scratches that itch much better. +* Jarred asian toppings - At $2~$3 a jar these make noodles so much better. I'd recommend Chili Bamboo Shoots and Spicy Needle Mushrooms, but these can quickly get out of hand quickly (I have 4 or 5 different toppings at a time now). +* Tofu Jerky - Seriously my asian supermarket has some amazing things. Typical jerky is so expensive, but these are just $2 and there's so much more. They go extremely well with beer, and is just great to munch on while watching a movie. There's so much variety between products in texture, sweetness, and spiciness; I find myself always experimenting, hoping the next one is even better. +* Canned Chiptole Peppers - The smoky flavor is amazing. After discovering it, it quickly became a staple of every pot of chili I make. +Hello apes, + +&#x200B; + +1. If you look at the 1 year and 6 month charts for GME, it's obvious hedgies were having issues keeping the price spiking up and down between 30-40. The price was less controlled and more erratic. Lots of new laws and rules were passed in this time as we all know. +2. Between September and December the hedgies shorted but then kept the price between 25-30. +3. From December - now, hedgies have managed to short and control the price at an even 20 (for ease) but we are now seeing drops as low as 18 - which could be 15 soon enough. +4. With the ongoing recession, we must consider the possibility of the price dropping to between 10-15. + +Hedgies, with their numerous and illegal techniques have found a way to control the price (for now.) + +**Now for the important part....** + +I'm here to tell you this is their final tactic. They hope we will sell, seeing our investments fall. They hope the failing economy and worldwide recession will trick us into thinking it's time to get rid of our shares. They had a plan to slowly drop the price, making our sentiment bad - trying to drain us psychologically. The gradual decline of the share price was/is their last plan. You need to realise this. They are on their last legs. + +And we, we are unmovebale. Our skin is so thick from all the crime and let downs that we hold out of loyalty, we hold out of disgust for the system. We hold because we choose to believe in Ryan and the company. They are so scared of DRS and what happens when we lock the float. They know their clock is ticking - and that they are fucked. + +**You are all doing amazing. Keep being awesome and DRSing/booking your shares.** + +**TLDR** \- This year will be the year that we show them how strong we are. It may appear they are winning - but we are actually winning. They are scared and doing more illegal things every day to control this bomb. The more they short, the quicker we lock the float. Their tactics might scare the odd regard away - but the shareholders believe in the company and we unite against the mass crimes of the government, the banking system and the hedge funds who so desperately want us to sell our shares. We will continue to DRS and mark our shares as Book entry and they will pay for their abuse of the system. +I just recently moved to Washington state from California. My business is technically registered in California currently, but is fully remote with just a couple full time employees who work from home. There's no no physical office or anything. Just this year, I'll likely pay around $80k to the state as it's technically California-sourced. + +Now that I've moved out of California, I'm trying to see if there's a (legal) way to restructure things since I don't really have any ties to the state anymore. I'm also considering a sale that will get me to Fat Fire NW and don't want California to come knocking on the door later on down the road, trying to get a cut of the action. + +Looking for a recommendation on a tax attorney or other professional that might be able to help me strategize around this issue. Have you dealt with a similar situation? What did you do and who helped you do it? I'm all for paying my fair share, but I feel like I'm paying tens of thousands of dollars a year around a technicality. + +Edit: just to clarify, I'm looking for a recommendation for a specific company or individual that specializes in this kind of thing that may be able to help me. +To all those who said this company would never get above 50 cents, a dollar, 1.25, 1.50... + +We made it, and were just getting started. So many people told me NOU was a better buy, well GRAT is about to overtake it in share price. Let’s go! I’ll see you all on the other side at $5. +Was recommended I post my DD on the company, and open to discussion to explore more. Hopefully with the uptrend in crypto as of late, this will be the late bloomer to the crypto mining boom. Valued at $0.54 at EOD today, FORT.V seems like it's in a solid spot to take off. + +Positives: + +* Great balance sheet, no debt +* Currently over $10M in cash and GICs +* $22M market cap (really low atm but that changed today, not sure what the eval today is) +* [Own 163.2 BTC](https://bitcointreasuries.org/) (~$8M in BTC) as of Nov 24, 2020 +* State-of-the-art mining facility in Washington to build out highly-scalable BTC mining (which has generated approximately * 524 Bitcoin and 100 Bitcoin cash as of Nov 24 2020) + +* All the numbers I mentioned can be found [here](https://finance.yahoo.com/news/fortress-technologies-inc-announces-third-120000115.html) + +* Strong team - go to their site to look at the team, though limited, they do have some competent people on their team. ONe standout: Roy Sebag, serving as Chairman, who is also the CEO/Founder of GoldMoney. + +Negatives: + +* No publicity - last press was Nov 2020 (barring a random statement that came out AH today). No plans on their annual report either. If you go to their website, it just lists their team, not even what they do (they just mine afaik). +* Trading platform limitations - they're only on the TSXV +* No visibility into what they are doing and how they are doing - goes back to the publicity thing, but especially the fact that you really have to dig just to find what they do, and how they're doing + +Potential catalysts: + +* As mentioned earlier, all their financials are old, so assuming they added to their already strong cash position, earnings could greatly boost the stock. +* Their recent [news release](https://finance.yahoo.com/news/fortress-technologies-inc-provides-market-211500669.html) could mean something greater on the horizon. I don't want to make speculations beyond that, but I take it as good news since they typically release nothing unless it's a quarterly report or something large. +* Getting added to WealthSimple - Since they are now above 50 cents, I believe they are in considerations to be added to WealthSimple, so more investors. +* Boom in price of crypto - This is one big piece. As of late, they have gone up marginally. Relative to their peers, like Bitfarms, RIOT, MARA, market cap wise, they are behind. I see this as a potential catch up period, getting them closer to the competitions evaluation at least. + +All in all, I like the stock. Do your own research, this isn't advice. In @ 0.355 avg + +EDIT: +More research. Please find the one that refers to the [SEDAR Nov 30 2020 Financials](https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032400). + +* Hash rate unknown, but they have a facility of 1400 ASIC S9 Antminers. (page 5) +* They sublease this out to WeHash Technologies on a monthly Consulting Fee basis. +* 70 million shares, about 30% owned by insiders. This information is split up across the SEDAR board. But Roy (Chairman) has about [10.6% of shares.](http://www.globenewswire.com/news-release/2018/09/11/1568907/0/en/Early-Warning-Report-of-Roy-Sebag.html) Anson Group owns 12.44% (found on the Jan 8 2021 release in the SEDAR link). The rest of the team also holds positions, which can be found all within SEDAR. +Before you read the statistics, completely judge me, and move on. I encourage you to read or check out the daily reports. I know I should be practicing/trying new stuff on paper but that is not the case for me. I do a lot of one share trades to test new features or strategies. A lot of my key statistics are quite skewed in that regard. + +# Key Statistics + +**Accuracy:** 61.86% + +**Long Accuracy:** 62.79% + +**Short Accuracy:** 54.55% + +**Net Profit:** $580.79 + +**Cash Account Balance:** ($9,786.44) - Margin debit + +**Net Worth:** $51,108.95 (Down $2,469.97 from last week - primary cause long positions) + +**Positions:** + +1000 SPCE @ 23.08 + +200 GIK @ 9.13 + +2313 ACTC @ 17.09 + +# Journal Entry + +Well, I am starting to get really excited. This was a large improvement from last week, and last week was a large improvement from the week prior. I really think my strategy is proving to be profitable and the only issue remaining is the trader themselves...yep...me. + +Again, here is [Zalesky's 25-point day-trading margin](http://www.r-5.org/files/books/trading/schoolbooks/Douglas_E_Zalesky-The_25-point_Mantra-EN.pdf) which I reference quite frequently. + +I certainly followed rules 1 and 2 this week and stayed disciplined. The market has rewarded me for doing so. A problem I struggled with one day this week was rule #4 (Never turn a winner into a loser). + +Rule #5 (Your biggest loser can't exceed your biggest winner). I learned this lesson really hard on Week 1 and since then I have tried my best to make sure I never break this rule. If you read the paragraph next to the rule it makes a lot of sense why this is such an important rule: + +" If you do allow a loss to exceed your biggest gain then, effectively, what you have when you net out the biggest winner and biggest loss is a net loss on the two trades. Not good." + +Not good indeed. + +Rule number 9 (earn the right to trade bigger) is a rule I have been kind of following but kind of breaking. I say that because I have been trading with really small share sizes due to my first week absolutely crushing me. Week 2 I traded with 1 share and Week 3 I started trading with 10 shares. + +There simply isn't enough leverage being used to have a decent P/L with these trades. Especially when I switch between cheap and expensive stocks. One bad trade on an expensive stock counters like 8-10 trades that were successful on a cheaper stock. + +The point is, while I have been earning the right to trade bigger, I think I already earned the right but I have been too scared to actually move forward with it. This week I certainly took it up a notch and I was rewarded for doing so. I understand that the increased leverage could also mean increased losses. But I think I have been proving that my wins outweigh my losses significantly. + +I think the two rules that drive my strategy are 18 (Make a little bit everyday. Dig your ditches. Don't fill them in) and 19 (Hit singles. Not homeruns). + +My strategy is akin to a swing/scalper. I'm not really sure how to identify the type of trader I'm becoming but I take profits fast like a scalper, but I don't momentum trade. I pick entries like a swing trader, but take profits almost immediately. Typically, I'm in and out on the same candle and if I'm not I really make it past 3 candles (on the 1 minute). + +The final rule #25 (It's the market itself that wields the ultimate scale of justice) couldn't have been written better myself. I certainly have seen that, I mean the market we are in right now is effectively sideways with some volatility and no matter how I trade I am subject to the markets will. + +That too has been giving me confidence. I feel like I'm becoming a better trader every single day and I'm doing it in a market that's no longer hot. It makes me really confident that in the next bull/bear market I could do quite well when there is clear direction. If I could trade in this market, I feel like I could successfully trade in any market. + +All-in-all I am very excited for this week and I hope that I could keep showing WoW improvement. Although, even with me doing trial trades this week I ended up with a decent P/L. + +The three most important statistic for me is win rate, profit factor, and Avg. Win:Loss. Although, win rate gets really skewed because even above 50% without proper risk management you could still lose. So long as I could keep my win rate above 50%, my profit factor above 1, and my avg win:loss above 1, I have a successful strategy. Thus, why this week was so good with a 61.86% accuracy, a profit factor of 6.38, and an avg win:loss of 3.94. That's including all of my trial trades too which make up a large portion of my losing trades. I'm not saying I don't lose trades, I certainly do. But this was a great week. + +I also do not anticipate to have these types of statistics consistently, but man, wouldn't it be great if I did. + +**NOTE:** These statistics do not include mid term swing trades. They are only for my day trades. + +Big thing to notice here is biggest winner and biggest loser. Not only did I make sure to not let my biggest loser exceed my biggest winner, I did my best to make sure the gap was massive. It was indeed. + +[ Total Net Profit \(Use these columns as reference for the other images\) ](https://preview.redd.it/z2c17a1hnww61.png?width=642&format=png&auto=webp&s=12d5e7a841d7751b94f2984168263913c84f9d6f) + +[All Long Short](https://preview.redd.it/xd36kgbjnww61.png?width=641&format=png&auto=webp&s=d07ef89bb2c7fba69804df02e39c65e2397627e5) + +[All Long Short](https://preview.redd.it/q0mrwcxlnww61.png?width=641&format=png&auto=webp&s=9ae44854dd1a9933e06b77b0a7479e306486d1c0) + +[Summary](https://preview.redd.it/rb3p81fonww61.png?width=643&format=png&auto=webp&s=7af0de9894d52abf7e51ae7c10ab088045eb3a75) + +[Equity Line Curve](https://preview.redd.it/oe9u6e5rnww61.png?width=1546&format=png&auto=webp&s=192b41b647644b11903043fc29da7c3987a74b68) + +# Week 2 Summary + +*Note:* I am not promoting my community with these links. These daily updates are a completely different sub that exists only for the purpose of my daily trading journal. + +[Monday](https://www.reddit.com/r/hoomansjourney/comments/mzvv04/w3d1_04262021/) was a great start to the week. Definitely one of those days where I wish I was trading with more than 10 shares. + +[Tuesday](https://www.reddit.com/r/hoomansjourney/comments/n0no0u/w3d2_04272021/) was another amazing day. This was an interesting day. I was using significantly more leverage than I normally do and the reason was I was trying to find a good entry on SPCE. But I kept exiting to find a better one and basically just day traded it all day and had an amazing day. I had around $170k buying power this day and man definitely wish I used more leverage. I had \~4.2% returns this day. + +[Wednesday](https://www.reddit.com/r/hoomansjourney/comments/n1dzhi/w3d3_04282021/)...what a miserable day. I basically just watched my SPCE position go up and down around 10 times without taking any action. Had I actually traded, it would have been another great day. After going the entire day without even really trading I decided to place a few trades in the afternoon, but I was so mad at myself for missing out on so many profits that I was in my head and literally lost every trade I tried to place. Ended up with like a 20% accuracy and only placed 5 trades. + +[Thursday](https://www.reddit.com/r/hoomansjourney/comments/n205eg/w3d4_04292021/) was even more painful. I told myself and everyone else that if the NASDAQ broke ATH I was going to liquidate all of my positions and wait for re-entry. The NASDAQ broke ATH and I...did nothing. Had I sold everything like I said I was going to do I would have made around $1700 this day and would just be trading waiting for re-entries on all of my positions. Instead I diamond handed it like the ape I am and now I'm holding a bunch of red positions AND somehow took a negative P/L on 71% accuracy. This was definitely a learning day for me, but man it was painful. What I really learned today was to trust myself a little bit more. It's sad that it's a lesson I have paid for before and I had to pay for again. + +[Friday](https://www.reddit.com/r/hoomansjourney/comments/n3jvu1/w3d5_04302021/) was kind of neutral. I mean it was another green day, so that makes 4/5 positive days this week. If you go look at these trades...good luck. TradingView ended up having yet another glitch that made me lose money and enough is enough. I will continue using TradingView for my charting software, but I started using TradeStation directly on Friday and boy oh boy there was a lot to learn. So today was an educational day of trading to help me learn my platform better. I think all next week is going to be similar to this day since I will be learning and walking my way around TradeStation. + +Overall, it was a great week of trading. Better than last week which was even better than the week before. I hope that this continued growth goes into next week and I am able to do even better. But we will see what the market is willing to give us! + +# Trades + +[Trades 1-16](https://preview.redd.it/5y0u8xkvnww61.png?width=1444&format=png&auto=webp&s=8ef49f9d56dad11ed2204ea8575fcd53b326afaf) + +[Trades 17-31](https://preview.redd.it/jj5bozeynww61.png?width=1453&format=png&auto=webp&s=a086a2f243198e53b0deb72ec4c129288be87d3a) + +[Trades 32-47](https://preview.redd.it/ttd1f6f1oww61.png?width=1450&format=png&auto=webp&s=622bfe75fb21f88d453d2e5546cf828845abb884) + +[Trades 48-63](https://preview.redd.it/k3j0day4oww61.png?width=1447&format=png&auto=webp&s=ff81275f8019c6d7f1009dedbed4685af6b81018) + +[Trades 64-79](https://preview.redd.it/u0aa6c28oww61.png?width=1463&format=png&auto=webp&s=e0a624af8da42445dc7e802645f15cd33bde75ed) + +[Trades 80-97](https://preview.redd.it/g2yufmedoww61.png?width=1453&format=png&auto=webp&s=c8ad05a04782b44f2fa21a8dc604b12b18e584c1) + +**TL;DR:** I don't really know how to put a TLDR because the data is important. Essentially, this week was really good. It was better than last week and last week was better than the week prior. So far, I am seeing WoW improvement and becoming more and more pleased with my strategy. I am very excited for next week now that I feel it's ok for me to use a bit more leverage. So I think I'm going to start with 100 shares and if I'm feeling good I might go straight to 500. I talk in terms of shares but typically the stocks I'm trading are $10-20, so really I am looking at using a max of around $10k this coming week. + +*Disclaimer: I am not a financial advisor. I'm not even a smart investor. I'm a risky trader. Be very weary about mirror trading or assuming I am some sort of expert. I know what I know, and I am honest about what I don't know. You will get honesty and transparency from me and I feel you will learn from my successes or failures. I am hoping to learn something from all of you as well.* +There are at least half a dozen posts on /r/investing every day that are the same theme. It is always someone finding a reason to justify why the market just 'has to' crash now. + +- Any index hits an all time high? Must be time for a crash! +- Some macro-level international political event occurs (ie, Brexit)? Must be time for a crash! +- Some macro-level domestic political event occurs (ie, Donald Trump)? Must be time for a crash! +- Any meeting related to the Federal Reserve and interest rates in the next 30 days? Must be time for a crash! +- Any commodity at a high level or low level (gold, oil, whatever)? Must be time for a crash! + +Stop it. You are all so bad at this (because retail investors in general are bad at it). It is the same posts year, after year, after year. ***Here is the thing: the market is cyclical, but it is not predictable. Try hard as you might to call the next crash, you will all be wrong 99% of the time.*** One of you will be right eventually, but no one knows who that will be or when that will be. Because no one knows when the next crash will be. Even when it occurs, ***there is no guarantee it will be a 2008-style crash with -50%+ drops in stocks. While those kind of crashes do occur, historically cyclical pull backs result in much more modest losses.*** + +I hope no one is taking actual investment advice from the people here trying to call a crash. Because look back, they've been making the same posts in 2012, 2013, 2014, 2015, and this year. They have all been wrong, and anyone listening to them has lost a lot of money. +&#x200B; + +[The GME thesis, which I aim to explain via the comparison with VW and TSLA \(daily chart\)](https://preview.redd.it/e96lpakez1z61.jpg?width=2388&format=pjpg&auto=webp&s=862612bd4206afdb06123d26047d374f8a07e176) + +&#x200B; + +Sup, honorable apecitizens! Recently I’ve been working on this fascinating piece of TA, and now I am finally ready to share that with [you](https://www.reddit.com/r/wallstreetbets/comments/msv8n1/tbh_i_only_trust_retards/). I am so confident in it, that I dared to put my beard (which I have for five years already) on the line! Worth your full read, I promise! I decided to structure the analysis in the following way: first we'll take a look at the VW short squeeze, revisiting its origins and background as the very first step of the discussion - in order to better understand the fundamental context of TA; after that I'll lay down the main technical parameters and frameworks, through which the [GMESS](https://imgur.com/a/Sd4uE1b) thesis will be dissected, applying all of those to VWSS and explaining the TA core on the Volkswagen example; then, the process will be repeated, but this time TSLASS anatomy will be elaborated upon. Finally, all of the data accumulated in the process, as well as the major findings made, will be applied to the current technical state of GME, in order to construct at least a potential forecast and the probable price action. Buckle up and eat a crayon, let's start. + +Oh, and one more thing! I really encourage you to dive deep into the ANALysis with me, because the thesis can only be understood if all of the technical factors at play are considered in the sharpest detail first - and then in the aggregate: zooming out and looking at the bigger picture through the prism of coincidences, interdependences and probabilities. Dafaq did I just write? - Dunno, but that's exactly what I meant! + +(Not a financial advice, as I am not a professional advisor, just an amateur ANALyzer) + +&#x200B; + +&#x200B; + +# Volkswagen - Das Short-Squeeze: Sep 2007 - Mar 2009 + +&#x200B; + +&#x200B; + +Remember, when VW became the most valued company in the world for a brief wild period of trading? I bet, Pepperidge apes remember. The squeeze played out right in the midst of the global financial crisis, and such an occurrence was fueled by a curious background scenario, orchestrated largely by one very interesting person. Back then, the former President of Porsche, Wendelin Wiedeking (must be a cousin of Battlefield Counterstrike), was pursuing a goal of taking over Volkswagen. In this process, he used cash-settled options to circumvent the transparency and disclosure of Porsche’s market operations. While being acquired by Porsche, Volkswagen had its ordinary shares premium risen to disproportionately high levels compared to its preference shares. + +As the general public was finding out about Wendysking’s takeover plan, hedge funds and particularly short-sellers set their eyes on the fact that Volkswagen’s preferred shares were traded at a significant discount to the ordinaries (approximately 70%). While the price of the ordinary stock gradually increased, the preferential shares stayed put - and the hedge funds smelt an arbitrage opportunity. They started shorting the stock and buying the preferred shares to profit on the massive divergence. For a moment, there was no news of Porsche continuing its purchase of VW ordinaries from the market, and that fact gave the hedge funds additional confidence. Only to get blindsided, as it turned out later. One shorts-frying weekend, Porsche announced its total holding in VW, cornering the substantial part of the float, and leaving only 6% in free float. In the meantime, short sales had risen to 12% of total stock outstanding. When the market found out that Porsche had acquired 74.1% of the outstanding shares through the in-transparent cash-settled options, VWSS happened - briefly making Volkswagen the largest company in the world, and finally allowing the shorting side to [GUH](https://www.reddit.com/r/wallstreetbets/comments/dpnzup/i_recorded_todays_marketopen_and_the_instant/): + +&#x200B; + +>It was mathematically impossible for every short-seller to buy a share, and therefore close their position. In other words, half the room were going to be left in a burning building with no way out. A panicked dash for the exit began. + +&#x200B; + +— A spot on metaphor by Jamie Powell, an FT journalist. Hedge funds are estimated to have lost $20 to $30 billion by betting against VW ordinary stock. + +What is really ironic (in Palpatine voice) - even though Porsche managed to burn many short sellers, the company couldn’t pay up for the huge positions it had created, and ended up being acquired by VW instead. + +https://preview.redd.it/3w0ajhk1f2z61.jpg?width=1722&format=pjpg&auto=webp&s=a4d29a8a0c5ccacfdd193f3e2d5100d0cfdee74b + +Also, interestingly enough, after his departure from Porsche, Wiedeking was charged with market manipulation for his role in the takeover bid. The charges were dropped in July 2016 due to a too little chance of success. Lucking Fegend. + +&#x200B; + +**Now let’s take a look at how this epic event was incorporated into the chart:** + +[VWSS, Daily Chart](https://preview.redd.it/d3pfzvb202z61.jpg?width=2388&format=pjpg&auto=webp&s=e497ddf6518faec188269120c44df64ab6cb1791) + +Even though it all looks overwhelming from the first glance, don't worry, I'll explain. There are only two major TA instruments used here, namely Fibonacci retracement 🌈tool (useful for assessing 'altitude' and the crucial support/resistance levels, check out the in-depth explanation of this TA tool [in my other post](https://www.reddit.com/r/wallstreetbets/comments/mwevzz/the_big_short_20_why_bears_may_soon_reconsider/)). The second one is the trend based Fibonacci extension for time periods (pink vertical grid with numbers 0, 0.382, 0.618 and so on) - for setting the major time landmarks and zones. Furthermore, you should have noticed the three catchy geometric figures, and the purple line - which is actually a good starting point to unfold the technical thesis. + +In the process of working with VW, TSLA and GME charts, I managed to identify several peculiar characteristics and patterns, that were of an evident nature and have been manifested on all of the three charts, to one degree or another. The most prominent one, in my opinion, is the killer purple resistance/support level. For the current VW example, it is somewhere around $30 mark, or $29.27 if you like precision. + +One may observe on the chart above, that this level is indeed the most significant level through the complete history of VWSS. First, the preliminary to the squeeze major bull run, which solidly accelerated in the middle of September 2007, was held back and repulsed by this level's resistance on the last day of October. It took almost half a year for the price action to catch up to it again in late March 2008. This was followed by a consolidation (with several failed attempts of breakout) just below this level, which lasted for more than 100 days, before the price action finally torn the resistance apart with the powerful gap on the 16th of July '08. And guess what? Even after that, the level played the major supportive role for the price action, with one final retest before the squeeze finally lift off it in the middle of September 2008. You should also make a note of how the price was still magnetized by this level during the final stages of the squeeze. The signifficance of this price level for the whole chart of VW above is difficult to underestimate. Seeing the importance of this level and being a fan of Jimi Hendrix, I decided to name it "**Purple Haze**". + +Let's inspect the fancy geometric shapes now. These are actually much more reasoned and circumspective than it may seem from the first glance. The first one, in orange, is a cup shaped consolidation (let it be called the "**Squeezy Grail**", because why not?) - taking place above 100% Fibo and just below the 'Purple Haze' - which commenced as soon as this major resistance level had been tested for the first time. It is subsequently followed by the second consolidation of a flatter nature \[if you know what else is of a flatter nature, comment and if the joke is good enough I may give you an award\], which again plays around the main $30 level on the chart. The second consolidation, highlighted by the pink rectangle (a.k.a. the "**Runway**"), is actually more important than the first one, because here is the point where the paramount breakout happens: the 'Purple Haze' resistance is blew off (in the middle of 0.382 period). Based on that observation, it is also appropriate to assume that in order for the squeeze to initiate, the 'Purple Haze' has to be conquered at some point inside 0.382 Fibo time zone, during the 'Runway' stage. Finally, the triangular "**Squieezluminati Confirmed**" part is self explanatory, imho. Oh, just one commentary worth being made here: take a look at how the squeeze itself is proportionate, bipartite, and fits well into the isosceles triangle. The nature surely knows how to play with stonks, too. + +Especially, when we talk about Fibonacci. The horizontal 🌈 grid, Fibo retracement, is often used to estimate the possible corrective trend's depth, as well as to identify the key support and resistance levels of it. This one is comfortably applied to the beninging and the apex point of the trend (see the gray dash and dash line on the chart above), and its relevance is subsequently confirmed by how the price action plays around the levels in the triangle. The 12th of September '07 seems to be a good starting point for Fibo retracement application, because on that day another important resistance of $20.72 was penetrated for the first time (then confirmed as support with the beautiful bear trap candle on 23 Jan '08). Furthermore, $20.72 level works like an ideal 100% Fibo retrace level for the current example, and supports the 'Holy Grail' comparable to how my granny supports me. Also, take a note of the 'Purple Haze' being relatively in the middle, in between 78.6% and 100% of Fibo retracement - an important factor that will enable us to apply this retracement to GME later. + +Not only the 12th of September fits well as Fibo retracement starting point, it is also a perfect spot to start stretching out the trend-based Fib time grid (TBFTG - to be fucked then go, alternatively). This one is a complex instrument, so take this quick explanation for granted or do your own research in relation to it. Just like Fibo retracement, TBFTG is based on Fibonacci sequence, but this one applies to time periods, instead of the price action and levels. In order to use this instrument properly, it is necessary to identify the preliminary major trend, that will serve as the core measurement for the sequent time periods. Oh, it took me a lot of time to inspect that parameter and to identify those initial pink dash and dash trends, trust me! Tbh, it was one of the most difficult tasks to accomplish in the preparation of this TA. But the result was worth the effort! I noticed the following correlation applicable to both VWSS and TSLASS (and hypothetically to GME too): TBFTG pink dash measurement must involve the major preliminary impulse of the prior main trend, plus 'Squeezy Grail' phase. The staring point of TBFTG is particularly tricky to be identified, and I'm talking about all of the examples, but possible - especially when looking at the TA as a whole, referring to how the grid applies to the price action, and comparing the examples between each other. That is pure rocket science, if you ask me. And most importantly, the TBFTG measurement duration (pink dash and dash trend) seem to be very similar in length to 'Squieezluminati' basis - check the bars measurements on all of the charts (blue lines for VW). + +Pay attention to the following features, which really help to dissect the squeezes' anatomies and to build the suitable technical framework: *the 'Purple Haze' breakout occurs in 0.382 TBFTG zone; and the squeeze lifts off in the first half of 0.618 zone, peaking at 1*; *TBFTG pink dash measurement includes major preliminary trend plus 'Squeezy Grail', as it has been mentioned above. Furthermore, the correlation in duration of TBFTG measurement and the triangle basis must once again be emphasized.* + +Noice, but let's move further. + +&#x200B; + +&#x200B; + +# Tesla, or how Elon Mask truly “is become meme, Destroyer of shorts”: Apr 2019 - Apr 2020 + +&#x200B; + +&#x200B; + +Tesla and the founder Elon Musk have confronted the short sellers on a regular basis, and even after the run-ins with the Securities and Exchange Commission (SEC), for now, the former have been winning. The TSLA shorters were sitting on mark-to-market losses of over $40 billion in late 2020, as the company’s shares exploded 740% last year. This information is based on data collected by Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, a fin-anal company. + +Remember the not so distant in past Tesla 'mania'? The prospects of Tesla’s business and the furious opposition of bulls and bears, including famous fund managers like David Einhorn and Mark Spiegel (who still hold a strong opinion that TSLA is a house of cards ready to collapse), have over the years contributed to an extreme volatility in the stock price. Elon Musk openly criticized the short-sellers and their motivation to dig out and spread negative sentiment about the company. The 'taking Tesla private' play seemed to work out for the short-sellers as the stock price collapsed by about 50% from November 2018 to May 2019. After that, amidst Tesla’s opening of the Shanghai Gigafactory and the announcement of the company's first annual operating profit exceeding analyst expectations, the tables have turned and the bear-beaten TSLA shares skyrocketed in price (not without noble WSBetters help, definitely). Needless to say, that previously steady short-sellers started getting anxious and scrambled to cover their positions. + +&#x200B; + +Dusaniwsky told Institutional Investor (B2B media) that shorting Tesla is: + +>The longest unprofitable short I’ve ever seen! + +&#x200B; + +Well, Mr. Dusaniwsky, WSB seem to have an answer for everything: + +https://preview.redd.it/h3l5hayu02z61.jpg?width=1668&format=pjpg&auto=webp&s=ecc69df97a282c4a22663e8487cf316488ed9d32 + +&#x200B; + +While companies and founders often hold a scorn on short sellers, because they can bring down stock prices and cause the cost of capital to rise (or even do worse things, if you know what I mean), Musk’s disdain for the short selling community is unrivaled. In the middle of 2020, Musk took a dig at short sellers by releasing 'short shorts'. These now sell at a premium on Ebay. It's all nice and good, but I have another cool merch idea - '**shortz r fuk**': + +[TSLASS, Daily Chart](https://preview.redd.it/f0qbrpqn22z61.jpg?width=2388&format=pjpg&auto=webp&s=479c78e6763043f81e9ac2c75cf8a6c769d9eee4) + +&#x200B; + +Beautiful, isn't it? Let's quickly run through the short squeeze anatomy checklist, thoroughly elaborated in the previous TA chapter via the example of VW. First things first, the 'Squeezy Grail' is present, but it resembles more of a V shape structure. Next, the 'Runway' stage is good-looking: a fucking massive gap happened there, and this time 78.6% Fibo level is tested during the 'Runway', being indicative of the TSLA bulls' crazy power. 'Squieezluminati Confirmed' is also really interesting here, as this time there is no isosceles triangle at its core structure, but rather a 'chainsaw'-like volatile price action taking place. Furthermore, you may see that inside of the triangle, there is the after-peak 78.6% Fibo zone retest, which in turn hedl and bounced the price back in the direction of... Moon. Blessed be the bulls! + +Looking at the 'Purple Haze' (which is again in between Fibo 78.6% and 100% \[important!\]), for TSLASS the major price level manifested at $52.46. During the first half of 2019, this level played a role of a magnetizing support, with the subsequent testing in March and the breakout to the downside in late April. Again, a lengthy, half a year long consolidation is taking place just below this level, and above Fibo 100% retracement. The breakout occurs, you guessed, right in the TBFTG 0.382 zone. And what is really fascinating, is the fact that, after the breakout, the 'Purple Haze' has never been retested. But who knows what the future holds? + +And the Fibos. The retracement, again, apples perfectly onto the complete squeeze structure: 78.6% is trialed several times; all of the upper levels except for 38.2% were broken with the subsequent retrace and and some with the retest. A particularly intensive price action was occurring for about two weeks near the 23.6% Fibo level, and the high of $189.4 level was penetrated and then touched gently during the initial squeeze. Ah, almost forgot, 100% ($35.75) Fibo level firmly holds the 'Squeezy Grail' in hand again. + +Current TBFTG should be of an interest for fellow TAnaLyzators too. Particularly, the downtrend, as opposed to VW uptrend, serves as the core for TBFTG's application (again, refer to the dash and dash pinkish line). This core is composed of the pre-'Squeezy Grail' downtrend plus the Grail itself. Take a look at gray measurements, which cover this phase and the triangle duration - again these two follow the tendency of being proportionate in the length as phases. *Crucially, the 'Purple Haze' breakout occurs in 0.382 TBFTG zone again; then one more time the squeeze lifts off in the first half of 0.618 zone, with the false first peak during the final stages of 0.618 and the proper peak at 1*. + +Too many coincidences and congruences between the two TA examples discussed above, if you ask me. Especially if the fact that such events happen once in ten years or so is taken into account. Two quotes are of a relevance here: + +&#x200B; + +>Coincidences mean you're on the right path - *Simon van Booy* + +&#x200B; + +>If you gaze long enough into an asshole, the asshole will gaze back into you - u/roman_axt + +&#x200B; + +Some additional food for thought from TSLA: + +[For redditors with a different floor](https://preview.redd.it/gnd0yienc2z61.jpg?width=1668&format=pjpg&auto=webp&s=b8b72e1671ad69cf871cde154ae386e52835e94a) + +&#x200B; + +&#x200B; + +# Game stopped, or it is just a beginning? + +&#x200B; + +&#x200B; + +I am absolutely confident that you all know even more than myself about the fundamental factors at play for GME, so I will not bother you here with the background explanation. There is a plenty of good HQ DD all around reddit, so let's jump straight to the sweet sweet TA: + +[GMESS, Daily Chart](https://preview.redd.it/ko1ppnasc2z61.jpg?width=2388&format=pjpg&auto=webp&s=1d3f7c2a78135696d66a0a70e8e2a34ad4a04dbf) + +&#x200B; + +At this point, I feel that a disclaimer is necessary. Let me briefly remind you that this analysis is a thesis, or a hypothesis that has to be proven in the future. I do believe that there is a solid probability for things to play out this way, and my beard supports my manly confidence. However, this is the market, and it all may go another way at any point in time, that's the nature of things! Think critically, learn and do your own DD and TA. In a good memory of u/ControlTheNarrative, at least. + +And so, it begins. Despite it may seem that there are too many unknown or at least questionable variables for now in this GMESS TA, I believe that I was able to identify the most crucial parameters to build the core of this technical analysis's thesis, since VWSS and TSLASS provided many clues and identifiable characteristics to refer to. The first and most important one is surely the 'Purple Haze'. I should remind you, that this mystically sounding level persistently held back the price for both of the squeeze examples discussed, and only upon the breakout of this level the short squeezes were initiated. For GME this major price level seems to be at about $233 mark, with two intensive tests in Jan and Mar, which proved it to be the most significant resistance on the chart above. + +Then, the shapes. The 'Squeezy Grail' (again occurring in between 78.6% and 100%) consolidation is also easily identifiable here, and it is yet again followed by the rectangular 'Runway' consolidation, where the price action currently stands. Remember, how historically (in TSLA and VW) the 'Purple Haze' breakout occurred somewhere near the spot of the current GME price action, in 0.382 Fibo time zone? Well, to paraphrase Ian Fleming: once is (VW) happenstance. Twice is (TSLA) coincidence. Three times is GMenemy action. + +Fibos. Applying these two instruments to GME was real pain in the ass. Firstly, because the retracement is not usually used as a predictive instrument, being ordinarily applied to the completed trend. But since the situation is not ordinary at all, I played smarter (or more autistic, if you like). Due to the fact that the 'Purple Haze' level was approximately in between 78.6% and 100% Fibo in both of the previous examples, I assumed exactly that to be applicable here too. My belief is firmly backed up by this soft touch of 78.6% by the price action on Jan 28th. And when these two major levels were identified, the Fibo retracement horizontal grid just stretched out on GME itself. + +Identifying the starting points for the trend for both Fibos was the most tricky part. After countless attempts and failures I found what I believe to be the cornerstone to the squeeze: + +[Fibos' initiation point zoomed in](https://preview.redd.it/t2ouren1d2z61.jpg?width=1668&format=pjpg&auto=webp&s=1cd87d96bb42ac20451c86059295f7560c8c44e8) + +&#x200B; + +Why? Because this ☝️ is clearly where the fun started. + +And now it all matches perfectly. So, I am patiently waiting for the 'Purple Haze' to be broken. And what do you do, fellow retard? + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +They say, that coincidence doesn't happen a third time. I say, we shall see. + +**TL;DR** is in the comments. + +P.S. Here is the most precious thing that I can offer you: my Crayon summative drawings: + +https://preview.redd.it/cqzfkxh7d2z61.jpg?width=2388&format=pjpg&auto=webp&s=82c47698d81cb9e4641df74272e98dd4fcce5337 + +https://preview.redd.it/dg3zkwh8d2z61.jpg?width=2388&format=pjpg&auto=webp&s=906b9a497c366a48566e37651d3f6d9acc16d8ac + +https://preview.redd.it/c5ui5of9d2z61.jpg?width=2388&format=pjpg&auto=webp&s=ddd3069eba69f52889bc6571557740d08ec7f6e6 + +&#x200B; + +EDIT. + +Here you go boy, proof of beard: + +https://preview.redd.it/bsx1hemba4z61.jpg?width=4032&format=pjpg&auto=webp&s=a7d38277f706f1944d10e27adf84f17e19ae10d8 + +I also decided to raise my bets, so I will also shave my hairy legs, if I'm wrong: + +https://preview.redd.it/wo2u9g9da4z61.jpg?width=4032&format=pjpg&auto=webp&s=967dbbe4f4b75f52d94869b38fc2837badb8b710 + +And yeah, the reddit avatar will also get the new style. + +&#x200B; + +EDIT 2. + +You fucking whining bastards started criticizing my beard and its quality. Here is a better shot. Like you got a better one, wankers! + +https://preview.redd.it/eyv1f5nxh4z61.jpg?width=3023&format=pjpg&auto=webp&s=72e21e223d3e02d58c4fa387c119e9641b00232c + +&#x200B; +EDIT: I am really looking for perspectives from people who have FIREd with young kids or are close to FIRE with young children. + + +I've been planning my FIRE as a 26 F Financial Services professional. FI is within reach in a few years, and while I don't have kids and don't know that I will want them, I've been budgeting child related expenses into my FIRE number. However I'm seeing estimates for childcare in this and related subs that I don't understand. + +I'm seeing people estimate 30-40k a year per child, which seems astronomically high to me. As a child of immigrants, I went to public school, and while I had some afterschool activities, there's no way my parents' expenses ever got close to this high. Are these high figures lifestyle creep, or am I out of touch with the realities of childcare nowadays? Does a kid coming out of public school not have a chance of getting into a good college nowadays? What else gets wrapped into this cost, and how does it change with the age of your kid? + +FWIW I'm not considering savings for a kid's college fund in this number- I'm asking about pure expenses. For those who have FIREd or are close to FIRE, how much money do you budget toward your kids? +Location: Ohio + +I have a friend who is down to his last few dollars, can't make rent, can't buy food, can't buy gas, his wages are garnished for taxes. +He is employed but reduced hours due to Covid-19. + +He says he ineligible for everything but I don't understand how that can be the case? + +I don't know the first thing about where to start looking for resources. + +Can you please list any resources you can think of so I can see if he's already checked into them? + +Edit: thank you all for the great info. I'm going through the comments now. +I haven't used this card since Apr 2018. I only opened it to have more credit on my file. I use it and pay it off right away. I spoke to their fraud department and the rep asked me to confirm who the individuals were as authorized users. I confirmed myself and my wife and she said there was one more. A person named Efram. No idea who this guy is. I live in NJ and the charges were made in North Carolina. Apparently, this guy went in to a store, used ID, was able to increase the limit from 2,000 to 3,000 and then proceed to charge almost the full 3,000. She gave me the link to check if my information was part of the equifax breach in 2017 and I find out it was. She confirmed that these people are now in possession of my ENTIRE identity, including my drivers license number and full social security. They are issuing new cards, removing those charges, and have confirmed a verbal password that I must provide to make any changes to this card. What else should I be doing to protect myself and my wife? We are authorized users on each others cards + +Link to find out if your identity has been compromised: [https://www.equifaxbreachsettlement.com/](https://www.equifaxbreachsettlement.com/) + +EDIT: + +Thank you to everyone for all the help you've provided. I'm trying to get back to everyone but there are A LOT of responses. So just a few quick updates: + +1. I've changed the passwords to ALL my accounts +2. Initiated 2 step authentication and verbal + passwords on all my accounts +3. Placed a freeze on all 3 bureaus +4. Pulled my credit report and everything else seems + to be ok in that there's no suspicious activity +5. Called my personal bank and initiated steps to + secure my bank account and savings accounts +6. Called the gamestop in NC and spoke to the + manager. She remembers her staff reporting a + "weird" transaction. She will contact her district + manager to send me a photocopy of the ID and/or + surveillance video in case I wanna file a police + report. I work for a university PD and spoke to a + lieutenant who said there's not much a PD here + can do but st least it'll be documented + +Next steps I'm gonna take: + Contact the IRS to set up some sort of protection for ssn so it can't be used to file a false tax return +Having spent a year or so, trying different things, maybe not so systematic and eventually getting more systematic, I'm wondering for the veterans, have you been using the same strategy more or less throughout the years? + +How 'hot' is your pipeline of strategies to test or are your strategies born out of serendipity? +&#x200B; + +https://preview.redd.it/um6m402o0uz61.jpg?width=330&format=pjpg&auto=webp&s=970a65a4880c617707c3d4545d2c39c277587992 + +**Welcome to The Chicago Code: Shitadel, a shitty crime drama television series created by Ken Griffin that aired on Reddit on the 18th of May.** + +Not financial adv...yada yada bing bong. I am not from the US, so try to sue me for anything. I'll wear a tinfoil hat and defend myself. **Just an FYI: I'll refer to 'shorting' when I am talking about a superior put position. Given the past of the stock and the option anomalies, as well as typical SHF behavior, it is highly likely that superior put positions indicate a short position to drive the price down. Come at me.** + +Well, let's dive into the city of Chicago, where the price is fake and shares are made up out of mayo. + +&#x200B; + +So if you look very closely... + +https://preview.redd.it/s9ec1a5v6uz61.png?width=1200&format=png&auto=webp&s=c70608c3129c5014a73a62f924cfb997f67059e8 + +Yeah...no. + +\----------- + +**Let me introduce you to the cast of The Chicago Code: Shitadel** + +**Citadel aka Ken Griffin** + +**Put Position: 3,271,400 worth $620,977,000 USD** + +https://preview.redd.it/jf6xn90u1uz61.png?width=960&format=png&auto=webp&s=e33b87c6cbd354baa97818b8c9936a91d3465f41 + +Did you like that? Yeah, you can't unsee that again. Thanks to our corporate photographer who just got hired for the next Zombie Apocalypse Movie, u/MrFerno + +There is nothing to add to Ken Griffin here. He likes mayo, he likes shorts and he most likely likes to snort. + +\----- + +**IMC-Chicago LLC** + +**Put Position: 1,708,200 worth $324,251,000 USD** + +**Location: Chicago** + +Apart from living down the road from Kenny Boy and being one of the largest funds with shorts on, they have ties to Shitadel. Remember how Citadel Securities is the designated market maker (DMM) for the NYSE picked for about 80% of the listings and 90% of the SPACs listed on NYSE? + +&#x200B; + +https://preview.redd.it/osld19hw3uz61.jpg?width=300&format=pjpg&auto=webp&s=529eb10a3199d680c48e519a6e780cd71c50a614 + +Oh yeah, wonder how they got so big? [They bought IMC's DMM business at the end of 2020](https://www.citadelsecurities.com/news/citadel-securities-expands-leading-dmm-business/) + +&#x200B; + +https://preview.redd.it/a0yz5speeuz61.png?width=1901&format=png&auto=webp&s=f615be1da9ebaa3444a09922bf43fdf38eceba1a + +&#x200B; + +\----- + +**Susquehanna International Group (SIG)** + +**Put Position: 6,157,100 worth $1,196,143,000 USD** + +**Location: Chicago (as well)** + +Ah yeah. Suspecthanna. [A very innocent 'group' that hasn't been fined for misreporting and mainpulation before.](https://www.finra.org/rules-guidance/oversight-enforcement/finra-disciplinary-actions?search=susquehanna&firms=&individuals=&field_fda_case_id_txt=&field_core_official_dt%5Bmin%5D=&field_core_official_dt%5Bmax%5D=&field_fda_document_type_tax=All) We have talked about them plenty in the past, so I will just state them on here. Whenever there is any changes or chances to go against exchanges or the SEC, [they are on Citadel's side.](https://www.livemint.com/Money/jFcOxTTM1Eu8IC86ziDAyK/Options-market-makers-sue-exchanges-alleging-overcharges.html) + +&#x200B; + +https://preview.redd.it/tjqgp8ssduz61.png?width=1064&format=png&auto=webp&s=42ecae81fe510349e07002f93e15b6164a4889c0 + +And obviously, [they are one of the top $$$ provider for Robinhood](https://www.washingtonpost.com/business/2021/01/29/robinhood-citadel-gamestop-reddit/) \- which is basically as subsidiary of Citadel by now. + +&#x200B; + +https://preview.redd.it/xtb9cg5fduz61.png?width=1555&format=png&auto=webp&s=e13b9dddac50afa83c1bbf7bb97f1de7efcb7815 + +\----- + +**Group One Trading L.P.** + +**Put position: 2,565,200 worth $486,926,000 USD** + +**Location: Chicago** + +Just another market financial institution based in Chicago that likes to [team up with Citadel](https://www.livemint.com/Money/jFcOxTTM1Eu8IC86ziDAyK/Options-market-makers-sue-exchanges-alleging-overcharges.html). Whether it be sueing exchanges or pressing for [changes not to be made.](https://www.sec.gov/comments/sr-cboe-2016-082/cboe2016082-1588079-132159.pdf) + +&#x200B; + +https://preview.redd.it/uhdsjp1rduz61.png?width=1064&format=png&auto=webp&s=fb4593c1a2a9c5b373e489cbc58d6cd68ad27ac9 + +\---- + +&#x200B; + +https://preview.redd.it/ui2sp78lauz61.jpg?width=1000&format=pjpg&auto=webp&s=d7a658dcdf78204209f7c166592b51585e9108e1 + +Just a little picture of Chicago at night. Fuck I love lights. + +\---- + +**Wolverine Trading LLC** + +**Put position: 1,384,300 worth $269,191,000 USD** + +**Location: Chicago** + +Wolverine is another one. Well, where is the connection besides Chicago, the short position and expression of mutual interest? [They are one of the main men of Robinhood.](https://www.washingtonpost.com/business/2021/01/29/robinhood-citadel-gamestop-reddit/) + +&#x200B; + +https://preview.redd.it/bbendw8kcuz61.png?width=1555&format=png&auto=webp&s=0fde643b3e70a0d15b47cf5686200db52e7134d8 + +And look who managed the funds of [Wolverine Asset Managements](https://www.wallstreetandtech.com/infrastructure/wolverine-asset-management-picks-citadel-solutions-as-fund-administrator/d/d-id/1261846d41d.html): + +&#x200B; + +https://preview.redd.it/ynj9tb27duz61.png?width=1115&format=png&auto=webp&s=c92bd115b5cc1640af35838ab39e6e107c32646a + +\---- + +**Equitec Proprietary Markets LLC** + +**Put Position: 473,600 worth $89,899,000 USD** + +**Location: Chicago** + +Just another coincidence. I mean, they are just bearish on the same stock as all the other ones. They surely do not violate markets in the same way as Citadel, even leading to a citadel case being citied as [''comparable violations''](https://res-certification.cboe.com/resources/regulation/disciplinary/2019/Cboe--Equitec-Decision.pdf) by CBOE? + +&#x200B; + +[Page 15](https://preview.redd.it/qr61ghdqguz61.png?width=2551&format=png&auto=webp&s=1d7f6a3a5453cdab3aef8c8597bdd6abf03eeba7) + +Oh and by the way, the first name, Consolidated Trading LLC. Well, remember them from above? Oddly they always come up with all the other names on any document that relates to violations and changes. + +[Just coincidences that these names are always in the same boat.](https://preview.redd.it/hrlzdm99huz61.png?width=2351&format=png&auto=webp&s=19b91e7aa21aa1dd999697590f155ce126a8fe00) + +Oh while we are seeing this screenshot. + +**CTC Trading Group, LLC, also known as CTC LLC, is betting against Gamestop as well. Not big time, just a measly 2,700,000$. DRW Securities, LLC as well, though they are generally a bit more bullish**. + +*Both located in Chicago of course.* + +\---- + +&#x200B; + +https://preview.redd.it/u1isqqh2juz61.jpg?width=350&format=pjpg&auto=webp&s=6362000250b669b2a762170355b9f739299dd134 + +&#x200B; + +**UBS Group AG** + +**Put Position: 753,300 worth $142,991,000** + +**Location: Chicago (at least one of their main US branches.** + +UBS and Citadel switch employees on a regular basis. Seriously, google it. This time I won't do it for you. But this is not what's important. Citadel is long on UBS, UBS is short on GME. Just another small connection. They are also working together on major projects, such as the [Miami International Holding](https://www.prnewswire.co.uk/news-releases/miami-international-holdings-reports-2020-trading-results-market-share-and-volume-records-for-miax-exchange-group-837845603.html), who owns the MIAX Exchange. + +>*Miami International Holdings, Inc. (MIH) is the parent holding company of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX PEARL®) and MIAX Emerald, LLC (MIAX Emerald™ and together with MIAX and MIAX PEARL, the MIAX Exchange Group™), three options trading exchanges. MIH also owns a controlling interest in the Bermuda Stock Exchange.* + +&#x200B; + +https://preview.redd.it/wqoan3ivkuz61.png?width=1984&format=png&auto=webp&s=cafd093bad798c745e4afb7789be388638ce782a + +https://preview.redd.it/qxxqu8ivkuz61.png?width=2009&format=png&auto=webp&s=315b34272f28b428236e3958d9ea86008817a837 + +\----- + +**Oh, while we are at it. See Simplex Trading LLC in those documents regarding MIAX?** + +**Ah yeah, you guessed it. Based in Chicago and Short on GME. At least $15,500,000 USD.** + +**Let's go for a few smaller ones as well:** + +**- CSS LLC, chicago, put position of 71000** + +**- Walleye Capital, chicago, put position of 127,400 worth $24,183,000** + +\---- + +**Goldman Sachs Group INC** + +**Put Position of 206500 worth $39,198,000** + +[Goldman's DMM business was bought by IMC](https://www.prnewswire.com/news-releases/citadel-securities-reaches-preliminary-agreement-to-acquire-dmm-unit-from-imc-301149075.html), which was bought by Citadel. Citadel is long on Goldman Sachs and has [hired numerous new employees from Goldman Sachs in the past months.](https://www.efinancialcareers.co.uk/news/2020/08/citadel-hiring-from-goldman-sachs) + +\---- + +I want to highlight one more player here because it seems like Ken Griffin is his idol. + +HAP Trading LLC with Harsh Padia, with an gigantic retarded position of 1,279,700 shares in puts. Why is there a connection? Because he is being slapped over and over by the CBOE located in Chicago for violations that Citadel has been violated for as well - [options manipulations.](https://www.reuters.com/article/us-options-manipulation-fine-idUKBREA4B0XC20140512) + +\-- + +Now if you have made it till here, congratulations. + +I have a challenge for you. Pick a stock where Citadel has a major position. Now remember the names I posted above. When you see that Citadel is long, check what side the above are on. Are they betting the same way or against? + +&#x200B; + +https://preview.redd.it/tdi447eonuz61.png?width=1354&format=png&auto=webp&s=94b6d9fa74e2d41307f09c9bb352b6e182a8107d + +Hint: It's not surprising at all. + +Just a quick one here for a random stock ''SOS Ltd.'' + +I picked a stock that nobody knows to illustrate that they aren't following a trend in the market, but each other. **ALL OF THESE INSTITUTIONS ARE SHORT ON GME.** + +https://preview.redd.it/fovx01nvnuz61.png?width=2075&format=png&auto=webp&s=18b725ab8968ce08354dd666de941620c32a09ef + +TLDR? 🚀🚀🚀🚀🚀 A lot of speculation. A lot of yada yada. I like crayons, especially the green ones because they are healthier. + +Real TLDR: Coincidentally, most HFs short are from Chicago and have ties to Citadel. + +This post is brought to you by: + +&#x200B; + +https://preview.redd.it/biky0xffouz61.jpg?width=400&format=pjpg&auto=webp&s=26ec09565c3c46a8e7da58c11e55023bcf1a8e36 + + +I’m 32 and have been living off my wife’s salary for 7 years. She pays all of our bills and I work full time and save all my income. I would like to spend at least 100,000 per year in retirement and currently have 530,000 saved. We are saving are 100,000 per year and it broke down ( 70,000 QQQ and 30,000 VOO. ) + +Do you think I’m putting to much risk on QQQ if I want to retire in 18 years at 50 for my goals? Thanks guys! +There are two forces that are battling each other inside me every single day. + +I know that the prime directive to achieve FIRE is to VTI and chill. There are so many studies that show that even during wars, economic collapses or bubble bursts the overall stock market in a long period of time was always going up. But can we be sure about it? + + I help out climate researchers in my spare time (as a volunteer ) for a couple of years now and sorry to say but the future looks blant and tragic. Every study, article or every friend tells me that we are in a worldwide decline that will hit us like a truck in just a couple of years. I even helped prepare some data models for the future regarding water use, energy needs and society response. After years of trying to convince people, I'm now too numb to tell you that it is too late. You can't have an unlimited system that goes upward all the time on a limited resource that is our planet. This is not something that can be prevented because it is already happening and we can only maintain the organism alive but not heal it completely. This is not a war that can be stopped, this is not a society problem that can be changed by a government or a new law. This is a life-altering mass collapse of everything coming our way and people don't care. + +And here I am, waking up every day and thinking about how I need to invest more of my money because inflation is eating it up. And every day, when drinking my tea, I look at the latest ecological publications and I wonder if the society will collapse in 2030 or maybe 2035? + +I know it is harsh but I feel like you need to be a hopeless optimist to believe in FIRE. You need to believe that everything will be all right, that the world will be good and prospering, and that technology (not developed yet) will save us. I can't. + +Preventively I will tell you that I invest most of my money into Green-tech and green solutions whatever that means. And it doesn't work great may I say it? Global clean energy ETF is -25% since a year, Solaredge -27%, First solar -17%, Sunrun -58%, Enphase -23%. If even green tech stocks are down how can we believe in saving our way of life? + +And no, this post was not made because I'm red on the last couple of days. I'm -20% in a year now and I don't really care anymore. This post was made because for the last 10 years I see the writing on the wall but everyone is telling me I'm the doomer, the crazy one and VTI and chill. It makes me sad +Hey Guys, + +Not sure if this is the correct subreddit- please let me know if it isn't not sure where else to put it. + +I've been in a role for 6 months. As I'm relatively new to the workforce I'm not 100% sure what is normal and what is not. + +* Messaging after work/pushing for overtime. I'm salaried. Does that mean if I work outside of normal working hours I should be paid e.g weekends? I don't do it but everyone else does and make me look bad, they really don't need to though. +* I come in on time, leave on time. Sometimes a little later if needed. But I get frowned on for leaving early, even though reports suggest I do more than my colleagues (almost 3x more). I honestly have no clue how to tackle this issue, I don't know how to explain to my manager that I will not be working overtime to pick up the slack of other members of the team. +* Brings to the second point- reporting performance daily. Is this normal? Every morning it's x amount hasn't been done, moving forward make sure to do x. And then the next day when we achieve x it's now y hasn't been done. Not to mention monthly "mistakes review." Last month you lost the company $1k. But the other 100k gained is not mentioned or any other successes. +* Senior members (e.g. colleagues been with company a year longer) but are on the same level as me or different departments tend to get nosy, wanting things relating to their job done straight away, but getting needed input from them for my tasks takes too long. +* Departments constantly being merged and tasks split 'evenly.' However it is not evenly split because the merged department doesn't do their newly designated task. +* Colleagues talking about their salary as well as complaining about managers/ saying they will leave soon if they don't get a promised raise. (just gossip i guess?) +* As a side note, I was told that the days I do my studies I can come in earlier and leave earlier. Great, that helped. However, when I go to leave early everyone acts super moody, even though I got there way before them. The moment I leave I get a call asking why x wasn't done and to get it done when I get home. Even though X wasn't my task for the day. + +Any advice is much appreciated. I'm nearing the end of my teens, I don't want to come off as that hard to work with teen who doesn't want to work. I just value my work life balance as I do my studies after work. Shouldn't work be work and not life? + +My course is finishing in December, I was planning on finding a better job then, or maybe I can start looking now? + +&#x200B; + +Thanks :) +"I realized I was paying an exorbitant amount of money for the apartment I was staying in — and I was almost never home," he says. "It's really hard to justify throwing that kind of money away. You're essentially burning it — you're not putting equity in anything and you're not building it up for a future — and that was really hard for me to reconcile." + +As much as I admire this guy, I'm not sure I'd be able to do the same. And what's up with the stuffed animals? http://www.businessinsider.com/google-employee-lives-in-truck-in-parking-lot-2015-10 + +Let’s assume that the price of ETH is impacted by transactions on the ethereum mainnet. Would adding tokens like BAT for example to coinbase increase the number of transactions on ethereum or no? +Not really sure how we can go about doing this. + +But the person with the fridge that was empty made me feel pretty sad and scared for some folks. + +I want MOASS too but I hate the thought of you or your kids (mostly your kids) going hungry or cold. + +Apes assemble. Let's get a mod in here and figure out how we do this responsibly and anonymously. +>Disclaimer: Not Financial Advice, I am not a Financial Advisor [.](https://preview.redd.it/f9nhhit3yo971.jpg) + +# BEFORE READING + +IMPORTANT LINKS FOR NEW MEMBERS TO r/superstonk + +* [APE Security Protocol (how to secure and protect yourself online)](https://www.reddit.com/r/Superstonk/comments/nsgv3d/ape_security_protocols/) +* [DD Beginners Guide Page](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share) +* [Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +Feel free to use the contents of this post however you want + +* Don't worry about asking for permission to: + * Copy it / cross-post it / translate it / refine it / Use it in your own posts + * Do whatever you want + * Translations: I have had a few of my DDs translated at this point, and figured I would note that, if you do wish to translate it into another language, feel free to send me a link to your post after it is finished and I will link it at the top and do my best to distribute to the broader audience Leave a comment if you have any questions +* If you prefer Chat or do not meet karma requirements, you can hit me up on chat as well + +# SERIES PREFACE + +>WIP portions will be linked in the future, but I have included the high-level frame of what will be covered (subject to change) + +## Part 1 - The Key Market Concepts that Make The MOASS Possible and Other Important Terminology - YOU ARE HERE + +* Stock/Securities Concepts +* Trade Positions +* Market Participants +* Important Market/Trade Mechanics +* MOASS Breakdown of "How" + +>This Part overlaps a lot with content in The [MOASS Thesis Summary DD](https://www.reddit.com/r/Superstonk/comments/nletnn/gme_the_mother_of_all_short_squeezes_moass_thesis/?utm_source=share&utm_medium=web2x&context=3) (The MOASS Summary goes into a little more depth on the GME Thesis so it may be a good read if you have not checked it out in the DD Beginners Guide Menu), but includes some refinements + +## Part 2 (WIP) - MOASS Mechanics, Landscape, Atmosphere, and Tactics: What "Normal" Looks Like in the Months/Weeks Leading to MOASS + +* Tactics + * MSM Propaganda + * Community Infiltration + * Price Manipulation + * Steganography +* Mechanics + * Loopholes + * Patterns and Cycles +* What does Normal Look Like (Expectations to set) + * Price Movement + * MSM Content + * Shill Activity + +## Part 3 (WIP) - MOASS Mindset and Ways to Navigate + +* Think Critically +* Understand "Why" You Believe in Your Thesis and the Basics "How" the Thesis is Possible +* Don't be afraid to ask questions to become learned + +# INTRODUCTION / INTENTION OF POST - PART 1 + +Part 1 of this DD series is intended to break down the main market concepts that make the MOASS possible. These are all Fundamental Concepts that are not unique to GME. + +These terms are key to understanding the MOASS Thesis and speculated value of a GME investment. Hyperlinks to [Investopedia](https://www.investopedia.com/), "the world's leading source of financial content on the web", have been included for most market terms and concepts and it is recommended to check them out if they are not clear. We will be breaking down some of the more complex terms and concepts within the post and framing them within the context of GME. + +Table of Contents for Key Concepts + +1 Stocks Concepts + +>1.1 Share/Stock +> +>1.2 Counterfeit Synthetic Shares +> +>1.3 Outstanding Shares +> +>1.4 Restricted Shares +> +>1.5 The Float +> +>1.6 Shareholder Vote + +2 Trade Positions + +>2.1 Long Position - Buying/Selling Stock +> +>2.2 Short Position - Shorting/Covering Stock +> +>2.3 Naked Short Position - Naked Shorting/Covering Stock + +3 Market Participants + +>3.1 Retail Investors +> +>3.2 Institutional Investors +> +>3.3 Market Makers +> +>3.4 Prime Brokers (Broker Dealers) and Brokers +> +>3.5 Clearinghouses +> +>3.6 Mainstream Media (MSM) + +4 IMPORTANT MARKET/TRADE MECHANICS + +>4.1 Fails to Deliver (FTD) +> +>4.2 Margin +> +>4.3 Margin Calls +> +>4.4 Margin Calls Who Calls Who +> +>4.5 Short Squeeze + +# 1 - STOCKS CONCEPTS + +## 1.1 - Shares/Stock + +[Shares](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#shares) are the smallest unit of a Companies [Stock](https://www.investopedia.com/ask/answers/difference-between-shares-and-stocks/#stocks) + +* Stocks and Shares are often used interchangeably +* Technically "shares" would represent how many of a specific company's stock, where buying multiple "stocks" would main that shares of multiple company's were bought + * ex. I bought 2 stocks; 10 shares of GME, and 60 shares of CHWY +* There are different [classes of shares](https://www.investopedia.com/terms/c/class.asp) that are distinguished on their voting rights, sales charges, and other factors + * Classes of shares have relatively complex dynamics, but I will not go further into them here, as it is not as relevant to GME + +## 1. 2 - Counterfeit Synthetic Shares + +Counterfeit [Synthetic Shares](https://www.investopedia.com/terms/s/synthetic.asp) are the financial instruments that get produced through [Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) + +* Not to be confused with [synthetic options](https://www.investopedia.com/articles/optioninvestor/08/synthetic-options.asp) positions which are legal/legitimate trade strategies that "simulate" the profits/losses as if the trader actually held those shares, or legitimate Synthetic shares produced by legal shorting that produce a synthetic long off of a borrowed long (the long would exist twice) +* Synthetic shares entitle the owner to all of the same rights as an investor owning a non-synthetic share +* Cases where there is an excessive amount of synthetic shares point to the possibility that a stock is being abused or manipulated +* Cannot be easily measured due to limited public transparency at the Market Maker and Prime Broker level +* A great read on Counterfeiting [https://web.archive.org/web/20210131014127/http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](https://web.archive.org/web/20210131014127/http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html) + +## 1.3 - Outstanding Shares + +The number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) encompasses the amount of issued shares held by all shareholders (both private and public) + +* It is possible for there to be more shares outstanding through Naked shorting, which produces Synthetic shares +* The number of issued AND synthetic shares outstanding is very difficult to measure, as they are only recorded on the books of the market makers generating synthetic shares and the prime-brokers they trade through + * These parties are not incentivized to be transparent and actively obscure these numbers, as the practice of naked shorting excessively is fraudulent and illegal + +## 1.4 - Restricted Shares + +[Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) include the number of issued shares held by insiders of the company + +* These shares are not publicly traded on the stock market + +## 1.5 - The Float + +[The Float](https://www.investopedia.com/terms/f/floating-stock.asp), or Floating Stock is the number of shares of stock that are available to be publicly traded (the number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) minus the amount of [Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) that are owned by insiders). + +* In theory, the number of shares owned by [retail investors](https://www.investopedia.com/terms/r/retailinvestor.asp) and [institutional investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) should not exceed the float +* GME’s float total is currently \~[56.89 Million](https://finance.yahoo.com/quote/GME/key-statistics/) shares (as of 6/10/21) + +# 1.6 - Shareholder Votes + +[Shareholder Voting](https://www.investopedia.com/terms/v/votingright.asp) is a right extended to shareholders holding shares in the stock that entitle the owner to vote on cooperate policies + +* Examples of what votes are cast for + * Appointment of directors + * Executive compensation + * Dividend adjustments +* [Overvoting (info in the middle of this page)](https://www.sec.gov/spotlight/proxyprocess/proxyvotingbrief.htm) + * When there is an overvote (like GME on 6/9), the votes will be normalized to a number based on the amount of shares that are held by DTC + * The official 8K form cannot be officially submitted with an overvote + * When this happens, the SEC and Company are notified + +# 2 - TRADE POSITIONS + +## 2.1 - Long Position - Buying/Selling Stock + +When an investor buys a stock they are considered [long](https://www.investopedia.com/terms/l/long.asp) on it (this is the type of position most people associate with trading stocks) + +* Not to be confused with a [long-term](https://www.investopedia.com/terms/l/longterminvestments.asp) investment +* In other words, holders of long positions have a **positive** number of shares +* To [close](https://www.investopedia.com/terms/c/closeposition.asp) a long position the owner would sell their shares on the stock market + +Basic flow of obtaining/closing a long position is: + +1. Buy the stock +2. Hold it until the price of it increases to a desired amount +3. Sell it for a profit + +## 2.2 - Short Position - Shorting/Covering Stock + +When a short seller shorts a stock they hold a [short position](https://www.investopedia.com/terms/s/short.asp) on the stock, or owe the party they borrowed from however many shares they shorted + +* Not to be confused with a [short-term](https://www.investopedia.com/terms/s/shorterminvestments.asp) investment +* Investors with short positions effectively are *in debt* or *owe* the number of shares that they have shorted and can be considered ***negative*** on the stock +* To close that position, short-sellers must buy a number of shares equal to the size of their short position (buying to close a short position is known as [covering](https://www.investopedia.com/terms/s/shortcovering.asp)) +* Short positions must be reported to regulators (unlike naked short sales) + +Basic flow of obtaining/closing a short position: + +1. Borrow a share owned by a lender +2. Sell the stock that was borrowed +3. Gaining the cash based on the price it was at the time it was “shorted” +4. Pay interest as a percentage of the stock's value +5. Since this is a percentage the cost of interest increases if the stock's value increases +6. Hold the position until the price has dropped to a desired price +7. Buy the stock on the open market +8. Ideally the stock is bought back at a lower price than originally borrowed for so the investor can pocket the difference +9. Return the share back to the lender + +## 2.3 - Naked Short Position - Naked Shorting/Covering Stock + +[Naked Shorting](https://www.investopedia.com/terms/n/nakedshorting.asp) effectively allows a Short Seller, working with a market maker, to short a stock using a without having a borrowed share like normal short selling + +* Naked short sales do NOT have to be reported the same way as normal "Short Sales" and can be "hidden" + * Failures to Deliver the shares that were "fake-borrowed" to the buyer are on of the main ways to find evidence of naked shorting +* Due to a loophole and lack of oversight by regulation, Naked short selling can be used to manipulate the price of certain stocks + * This type of trade illegal outside of specific situations involving Market Makers +* Naked shorting was targeted for tighter regulation during the financial crisis of 2008 but enforcement has unfortunately not been effective in preventing it from manipulating the market + +Basic flow of obtaining/closing a naked short position (kind of complex and involves two specific parties for 2 initial trades called a married put) + +1. A Short Seller "A" buys 100 shares from a Market Maker "Z" who can technically sell them without locating them + 1. Market Maker is Naked Shorting the stock, and the Short Seller is receiving 100 synthetic shares +2. Short Seller "A" now buys a [Put Option](https://www.investopedia.com/terms/p/putoption.asp) (1 options contract is worth 100 shares) from Market Maker "Z" who is the [writer](https://www.investopedia.com/terms/w/writing-an-option.asp) of the put (Writing a put does not require the writer to have the shares on hand) + 1. Writing/selling a put nets +100 shares to the Market Maker, which results in the -100 shares that were naked shorted to be neutralized, so the Market Maker no is at a neutral position (Market Makers generally try to remain net 0 on trades + 2. Short Seller "A" now has 100 shares that can be short sold (they "borrowing" the synthetic shares the Market Maker effectively printed out of thin air), and one put contract that they can make money on as long as the price goes down +3. The steps or the short seller are basically the same as a normal short sale now (2.2 steps 2-8), however, interest from the Short seller does not need to be paid to a lender (no one is formally lending it) + 1. The premium from the put being purchased from the Market Maker is how they benefit + 2. Short Seller "A" now has a short position that they can cover simply by buying 100 shares, which would cancel out the synthetic short position + +# 3 - MARKET PARTICIPANTS + +## 3.1 - Retail Investors + +* Retail Investors, also known as individual investors, are your average investors (not a company or organization) +* Referred to as the "Dumb Money" by Wall Street and the "professional" financial community +* Reddit communities +* u/DeepFuckingValue (@TheRoaringKitty on Twitter) + +## 3.2 - Institutional Investors + +[Institutional Investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) are organizations that invest on individuals' behalf + +* Examples of Institutional Investors + * Endowment Funds + * Commercial Banks + * Mutual Funds + * Hedge funds + * Pension funds + * Insurance companies + +Notable institutional Investors involved in the GME Saga so far + +* RC Ventures LLC (LONG) + * To Apes: Ryan "Buckle Up" Cohen, AKA GameStop Chairman, AKA Bringer of SHF Tears 🥰 + * To SHFs and Market Manipulators: [Doom](https://youtu.be/-kWeB4IJ7sA) +* BlackRock (Long) +* Vanguard Group (Long) +* Fidelity (Long) - May not have an active position on GME Specifically +* Melvin Capital (Short) +* Shitadel Advisors (Short) +* Point72 (Short) + +## 3.3 - Market Makers + +[Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) can be Hedge Funds, Brokers, or Prime Brokers, who, rather than investing and holding long or short positions, they profit by ensuring there is [liquidity](https://www.investopedia.com/terms/l/liquidity.asp) in the market buy simultaneously submitting buy AND sell orders close to the current price (they play both sides of the market and must always have shares to buy and sell) + +* Market Makers ensure that if some another investor wants to buy or sell shares near the current price of a stock, there is a corresponding buyer/seller on the other side of the trade offering to trade (for availability essentially) + * They will normally offer to buy at an amount that is a bit lower (generally fractions of a percent away) than the last price a share was sold for, or sell at a price that was a bit higher than the last price a share was sold for + * Ex. Lets say current share price is $200$; A Market Maker might have a buy order for 100 shares at $199.75, and have sell orders for 100 shares at $200.25, so assuming both of those trades execute, they net $50 on those 100 shares ($0.50 \* 100 shares) + * Generally, Market Makers intend to remain Net Neutral on their positions, making money based on volume traded, rather than holding positions long enough for them to increase or decrease + * They employ [High Frequency Trading](https://www.investopedia.com/terms/h/high-frequency-trading.asp) systems (computers) and algorithms to facilitate trading +* When you buy and sell stock those trades are often trading between you and a market maker +* Market makers get "special rules" that enable them to keep liquidity in the market when there is low liquidity + * Naked shorting is one of the options Market Makers have when navigating a trade that other investors do not have + +**Notable Market Makers** + +* Shitadel Securities + * While part of "Shitadel" this organization is separate from the Hedge Fund (Shitadel Advisors) +* Virtu Financial +* Credit Suisse Securities +* Deutsche Bank Securities +* Goldman Sachs and Company + +## 3.4 - Prime Brokers (Broker Dealers) and Brokers + +A [**Prime**\-**Broker**](https://www.investopedia.com/terms/p/primebrokerage.asp) is a bundled group of services that investment banks and other financial institutions offer to hedge funds and other large investment clients that need to be able to borrow securities or cash in order to engage in [netting](https://www.investopedia.com/terms/n/netting.asp) to achieve [absolute returns](https://www.investopedia.com/terms/a/absolutereturn.asp) + +* [Broker](https://www.investopedia.com/terms/b/broker.asp) vs [Prime-Broker](https://www.investopedia.com/terms/p/primebrokerage.asp) + * A broker is an individual or entity that facilitates the purchase or sale of securities, such as the buying or selling of stocks and bonds for an investment account. A prime broker is a large institution that provides a multitude of services, from cash management to securities lending to risk management for other large institutions. +* While Brokers often route trades through [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp), MMs also through and receive margin from Prime Brokers + * The Prime Broker is who would Margin Call Shitadel if their short position gets too large or they bleed too much capital +* Retail investors trade through and receive margin from Brokers (not Prime Brokers) + +# 3.5 - Clearing Houses + +[Clearinghouses](https://www.investopedia.com/terms/c/clearinghouse.asp) are intermediaries between buyers and sellers + +* Finalize transactions +* Regulates delivery of assets +* Reports on trading data + +# 3.6 - MSM (Mainstream Media) + +Though not a traditional market participant (as in they are not trade/financial entities) the [MSM](https://www.investopedia.com/terms/m/media_effect.asp) is worth noting due to its role in influencing the financial atmosphere and landscape + +* The MSM (specifically the Financial Media in this case) overall is motivated through sponsors and through ratings + * They often cover topics based on what their sponsors want them to cover, and/or those that are more likely to draw many viewers +* The Financial Mainstream media comes in many forms + * News Articles + * Blogs + * Television + * Newspaper + +# 4 - IMPORTANT MARKET/TRADE MECHANICS + +## 4.1 - Failures to Deliver (FTD) + +[FTDs](https://www.investopedia.com/terms/f/failuretodeliver.asp) occur when a buyer of a stock ends up not having the money to purchase the stock that they traded for OR, **when a short seller does not own the stock at the time of settlement** + +* FTDs are one of the main check-balances to naked shorting, so very high amounts of Failures to Deliver are indicative of this + * Spoiler: GME has tons of FTDs reported +* FTDs are supposed to be covered within a specific time period in order to avoid violation of regulatory rules + +**Cycles** + +>Our understanding regarding the "rules" of T+21 and T+35 Cycles was constructed in [The SECs Key Points About Regulation SHO](https://www.sec.gov/investor/pubs/regsho.htm) + +T+21 Cycle + +When there are Failures to Delivery that are not satisfied by the required time period (T+4 for Short Sales and T+6 for Long Sales, a Market Maker must satisfy the FTD within 13 days following the T+4/6 + +* If it was for a long sale that Failed to Deliver, T+6 (7 Days including the trade day) plus another 13 consecutive days (14 Days including the failed settlement day), amounts to 21 days (this is where the T+21 Cycle comes From) + +T+35 Cycle + +If a FTD passes through T+21, there is a maximum time of 35 calendar days after the initial trade date that the firm clearing the trade must pre-borrow (purchase) the share to satisfy the FTD + +* In theory, to avoid breaking the rules, Failures to Deliver must be satisfied some time within 35 Calendar Days of the trade date + +## 4.2 - Margin + +* [Margin](https://www.investopedia.com/terms/m/margin.asp) is basically credit that that an investor can use to buy more stock +* When you buy on margin you must stake the assets you have already purchased with your own cash as collateral +* The amount of Margin you can have depends on the value of your collateral +* The value of your collateral and cash but meet the margin requirements in order to continue to buy on margin +* Keep in mind the value of your collateral can change if the price goes up or down and if the value of your collateral/cash drops below the margin requirement you will received a [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) Another way to think about it: + +1. Imagine I have $1,000 in stock +2. You obtain a personal loan for another $1000 +3. To get the credit you stake your $1000 in stock (if you default it goes to the lender to cover your debt) +4. You buy $1000 more stock with that loan (you now own $2000 in stocks, half in cash half on margin) +5. You will pay interest on the $1000 on margin but if your investment makes more money than the interest then you are still profiting +6. If your investment turns bad (lets say the price of your stock falls 50% and you are left with $1000) your lender can forcibly close out your positions (everything you bought in cash and staked as collateral along with what you bought on margin so that they can get the $1000 they loaned you back) + +## 4.3 - Margin Call + +* A Margin Call is a notice indicating you have a specific amount of time to deposit enough of your own funds to meet your margin requirement (if you cannot meet the requirement the lender is entitled to sell all of your holdings to recover what you borrowed + +**Margin Examples:** + +>This is a slightly complicated scenario that can be a little hard to follow. Give it a few reads if it doesn't make sense the first time, but basically, Margin is a credit line that you can use to buy more assets (effectively a loan backed by collateral and cash in your own account). If you buy assets with it, you have to pay back what you borrowed, whether the value of your investment goes up or down (if the investment goes up in value, you make more than you normally would, but if the investment goes down in value, you lose more than you otherwise would have without margin). +> +>This gets even more (or less maybe) complicated when you have short positions AND long positions, like most institutional investors. To have short positions, I still need to have margin, but I do not need to use it to buy stocks, It can act as a buffer if I have a short position on a stock that is increasing in value (with a short position, if the price of something I short goes up, I am losing money), and if it gets too high, it can run against my margin line, causing a margin call. + +**GAIN: Long Positions** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes up to %25 per share, and I sell all 20 shares, I just profited $500 (+$25 on 20 shares) + 1. In this case, closing the position clears me from the margin debt, as I am no longer using it in an open position + 2. If I had not used margin, I would have only walked away with $250 in profit ($25 per share on 10 shares), but instead I made $500, and paid back the credit, plus a little bit of interest. +5. Yay. + +**LOSS: Long Positions** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes down %25, bringing the value per share down to $75 a share, the value of my total position is now $1500, and the value of my non-margin assets is $750, which is below the margin requirement (keep in mind, I borrowed $1000, so that is still the amount I have to pay back) +5. My lender will give me a margin call, indicating I have two business days to deposit 50$ into my account in order to meet the margin requirement + 1. If I have the cash to deposit the extra $50 would take my assets to $800 ($750 in stock XXX + 50$ cash) + 1. If the price of stock XXX recovered to above $80 per share, it could also satisfy the requirement + 2. If I do not have the cash to deposit, then I am in trouble, as after two days, they are allowed to liquidate (sell) the assets I bought with my own money, as well as the assets I bought on margin + 1. Let's say this happens, all my borrowed assets are sold first to cover my $1000 loan (since the price of stock XXX was only $750, it only covers $750 of my $1000 margin line + 2. I now have $750 left in assets of Stock X, but I still owe money from margin, so my lender is entitled to sell $250 work of my shares in order to get their full $1000 back + 3. I am now left with $500 total ($750 in 10 shares of stock XXX - $250) +6. Not Yay + +**LOSS: Short and Long Positions** + +**THIS IS THE RELEVANT ONE TO GME** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin +3. Instead of using the margin to buy more, I instead short 10 shares of stock YYY which is at $50 a share currently (giving me $500 in extra cash), which I use to buy 5 more shares of stock X + 1. I am now long 15 shares of stock XXX valued at $1500 and short 10 shares of stock YYY valued at -$500 (negative $500) for a net value of $1000 + 2. No margin is actively committed to open positions, and I am still using my $1000 +4. Now, lets say a short squeeze happens involving stock Y, causing the price to skyrocket to $200 per share + 1. My short position is now -$2000 (10 shares of -$200 each) +5. My net account value is now $-500 ($1500 - $2000) which is now using my margin, and because my account's value is no longer above $800, I no longer meet margin requirements so I get a margin call +6. If I cannot balance my account, the lender will liquidate my $1500 in stock XXX in order to pay the -$2000 I owe, leaving me with -$500 left in debt + 1. I have now defaulted, as I cannot pay the $500 +7. Now that I have defaulted, the lender who gave me margin owns my short positions, meaning they are now short whatever was left + 1. The lender can now navigate the short positions however they want (they can hold them and hope the price goes down, and cover to close them, or they can close them immediately, costing them the whole $500 I still owed) +8. GUH! + +## 4.4 - Margin Calls Who Calls Who + +Margin calls happen at levels 1-4 when the cell to the left cannot meet margin requirements + +* Broker Margin Calls Retail Traders +* Prime Brokers Margin Call Brokers, Hedge Funds, and Market Makers +* The NSCC Margin Calls Prime Brokers +* Defaults roll up left to right + * If Retail Trader defaults, Broker must take on their leftover positions + * If Broker, Hedge Fund, or Market Maker defaults, the Prime Broker must take on their leftover positions + * If Prime Broker Defaults, the NSCC must take on Position + * If the NSCC Defaults, the Fed must take on the position + +|Level 1|Level 2|Level 3|Level 4|Level 4| +|:-|:-|:-|:-|:-| +|Retail Trader|Broker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Market Maker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Hedge Fund|Prime Broker|NSCC (DTCC)|Fed (JPOW)| + +## 4.5 - Short Squeeze + +A [Short Squeeze](https://www.investopedia.com/terms/s/shortsqueeze.asp) is a market event that occurs when there is a large short position on a stock whose price rapidly increases higher than expected, normally due to a catalyst